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Coyuchi Inc. Is ‘One to Watch’

  • All Coyuchi products begin with 100% organic fibers and a traceable supply chain
  • Coyuchi achieved 26% sales revenue growth in calendar 2021 over 2020
  • Coyuchi is profitable and growing; for the year ended December 31, 2021, the company had net income of $1.4 million on sales of $33.3 million
  • Coyuchi has filed an SEC Regulation A Offering Statement with the intent to offer shares for sale
  • The overall U.S. market for home textiles is currently worth $25 billion annually, and, with a forecast annual growth rate of 5%, it is expected to reach $30 billion by the end of 2025
  • Coyuchi has over 30 years of experience in the sustainable luxury home goods space with a strong brand presence and unique product design

Coyuchi is the gold standard in sustainable luxury home goods. The company offers sustainably produced luxury organic bedding, sheets, towels, apparel, and other home goods for the environmentally conscious home. With a timeless, coastal-inspired aesthetic, Coyuchi uses only 100% organic cotton materials to manufacture all of its textiles.

The company was built upon four foundational pillars: protect the planet, innovate circular design, live sustainably, and enrich the community. These guiding principles have proven an effective market strategy. In 2021, Coyuchi earned $33.3 million in net sales, amounting to 26% YoY growth (the industry average is only 5%). It also experienced 2x customer growth to 200,000 active customers, averaging a 35% customer repeat purchase rate.

With a seasoned leadership team, a robust e-commerce shopping experience, and a healthy customer base that drives the fast-growing organic luxury market, Coyuchi is prepared to propel a new phase of growth as the rest of the world finally awakens to sustainability at scale.

A Lucrative Market Ripe for the Taking

The global market for organic bedding, which was estimated at $814.3 million in 2020, is projected to reach $1.1 billion by 2027, growing at a CAGR of 4.9% over that period, according to Research and Markets. More specifically, the domestic organic bedding market is estimated at $240.1 million in 2020, according to Statista. Overall, the U.S. market for home textiles is currently valued at $25 billion annually, and, with a forecast annual growth rate of 5%, it is expected to reach $30 billion by the end of 2025.

Grand View Research reported in 2020 that shifting consumer preference toward high-end lifestyle products is a key factor driving the growth of the organic bedding market. Seventy-four percent of consumers are willing to pay more for sustainable products – a consumer preference that has steadily increased over the last few decades. Millennials especially favor ethical consumption over price when purchasing goods and services, with 83% of millennials reporting that they want the brands they purchase from to align with their beliefs and values (https://ibn.fm/PANNV). With a majority millennial customer base, Coyuchi is poised to capitalize on this trend.

Industry Defining Sustainability Practices

For 30 years, Coyuchi has explored organic farming and sustainable textiles and guarantees the highest environmental and ethical standards through a number of certifications such as The Global Organic Textile Standard (“GOTS”), Fair Trade Certified, and MADE SAFE(R).

Coyuchi continues to push the organic textile market forward through its circularity initiatives and by supporting cross-industry sustainability advocates. Coyuchi’s mission to bring beauty and comfort to every home without sacrificing the health of our planet has resulted in a number of important sustainability checks and balances.

  • A Circular Business Model: Coyuchi has cultivated a holistic 360-degree approach that contributes to the fight against climate change with its take back and recycling program, 2nd Home(TM). In 2017, it became the first luxury home brand to implement such an initiative, and, since then, the company has eliminated 68,758 lbs. of toxic chemicals from homes and renewed 6,000 lbs. of textiles.
  • The Coyuchi Climate Council: In early 2022, Coyuchi introduced a cross-disciplinary council with a goal of Net Zero Emissions by 2025 and Net Positive Emissions by 2030. The Coyuchi Climate Council brings together influential minds across fashion, regenerative farming, and sustainability who have the knowledge and experience necessary to achieve climate change.
  • C4: The California Cotton & Climate Coalition: Most recently, Coyuchi announced it is a founding member of C4, which includes innovative, sustainable fashion, apparel, and personal care brands like MATE the Label, Outerknown, Reformation, and Trace. Working together pre-competitively, C4 creates a structure for investing in regionally grown, Climate Beneficial(TM) cotton and directly supports the livelihoods of the farmers that grew it. Coyuchi is the only home industry brand currently involved in the project.

Omnichannel Business Model

Coyuchi differentiates itself through an omnichannel and circular business model, both of which have proven a clear draw for customers. It was an early adopter of an e-commerce sales and marketing approach (over 80% of its sales are directly through coyuchi.com), creating a distinct advantage over incumbents and start-up newcomers in the luxury space. This has resulted in a high lifetime value customer, luxury retail partners such as Nordstrom, and a flagship store in Marin County.

Coyuchi’s Organic Textile Products

Coyuchi’s product assortment consists of consciously designed bedding, bath, apparel, and lifestyle products spread across about 1,400 SKUs. The company believes that its product assortment, produced from 100% organic cotton with Global Organic Textile Standard (“GOTS”) certification, provides it with a significant competitive advantage. GOTS is the world’s leading textile processing standard for organic fibers, ensuring the organic status of textiles after harvesting raw materials through environmentally and socially responsible manufacturing all the way to labeling, a major environmental and social benefit over conventional cotton product production.

Coyuchi’s focused product assortment consists of four core categories:

  • Bedding – A full suite of sustainable, organic, and high-quality sheets, duvet covers, blankets, and throws
  • Bath – A luxurious line of towels, bath rugs, and mats
  • Apparel – Premium apparel for men and women, including robes, sweaters, pants, and pajamas
  • Lifestyle – The lifestyle category offers 135 SKUs, from organic napkins to crossbody totes

Management Team

Eileen Mockus is President and CEO at Coyuchi. She has more than 25 years of experience in retail, having held positions in textile development at Patagonia, Pottery Barn Teen, and The North Face. She earned a bachelor’s degree in textiles and clothing from UC Davis and an MSBA from San Francisco State University.
Sejal Solanki is Chief Marketing Officer at Coyuchi. She previously served as the company’s Vice President of E-Commerce. Before joining Coyuchi, she worked at teen clothing giant Charlotte Russe. She oversees the company’s digital marketing, site experience, brand marketing, and e-commerce strategy.

Marcus Chung is Coyuchi’s COO, overseeing supply chain, sourcing strategy, sustainability, and IT. He previously held positions at notable direct-to-consumer brands Third Love and Stitch Fix, as well as national retailer The Children’s Place. He holds a bachelor’s degree from Wesleyan University and an MBA from UC Berkeley’s Haas School of Business.

Margot Lyons is Director of Sustainability and Sourcing at Coyuchi, where she works with strategic partners to ensure all the company’s product sustainability standards are met. She received a master’s degree in textiles and clothing from UC Davis.

Use of Proceeds

This round of funding will be used to increase Coyuchi’s enterprise value through expanded marketing, product category expansion, continued physical presence, and B2B strategic partnerships with wholesalers, and online marketplaces.

For more information, visit the company’s website at www.Coyuchi.com.

NOTE TO INVESTORS: The latest news and updates relating to Coyuchi are available in the company’s newsroom at https://ibn.fm/COYU

Freight Technologies Inc.’s (NASDAQ: FRGT) CFO, Paul Freudenthaler, and President Mike Flinker, Present Company’s Latest Corporate Updates at the H.C. Wainwright 24th Annual Global Investment Conference

  • Fr8Tech’s August 15, 2022, corporate update formed the backbone for its presentation at the H.C. Wainwright 24th Annual Global Investment Conference held from September 12-14, 2022
  • The company was represented by Paul Freudenthaler and Mike Flinker, who also talked about the company’s role in revolutionizing cross-border shipping, and the role of AI and machine learning in solving current logistical problems in the industry within the NAFTA region
  • Fr8Tech remains committed to exploring new ways to create more value for its clients and streamline the region’s cross-border shipping process, and leveraging technology
  • Javier Selgas, the company’s CEO, maintains that Fr8Tech anticipates steady long-term growth, especially as the market conditions improve and fuel prices stabilize

Since its founding in 2015, Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) has been known for developing advanced technological solutions, including AI and machine learning, to optimize and automate the supply chain process, offering a platform for cross-border shipping in the NAFTA region for business-to-business (“B2B”) clients.  Beginning in 2019, it refocused its B2B offerings away from freight forwarders and towards business clients directly, without an intermediary and supported by the Company’s staff.

On August 15, 2022, Freight Technologies provided its latest corporate update. Of note was the filing of a Form F-1 with the United States Securities and Exchange Commission (“SEC”) in a move which Javier Selgas, the company’s Chief Executive Officer (“CEO”), sees positioning Fr8Tech for continued growth as a public company (https://ibn.fm/Xk6bE).

The last corporate update formed the backbone for Fr8Tech’s presentation at the H.C. Wainwright 24th Annual Global Investment Conference held from September 12-14, 2022, at the Lotte New York Palace Hotel (https://ibn.fm/ESvoD).

Representing the company was Paul Freudenthaler, the Chief Financial Officer (“CFO”), and Mike Flinker, the President. In addition to the company’s F-1 filing with the SEC, the two talked in-depth about the company’s role in revolutionizing cross-border shipping and the investments made towards the end of 2021 and into 2022 to establish a domestic offering for each of the US and Mexico, to complement the Company’s core cross-border offerings.  They also noted the increasingly important role of Artificial Intelligence (“AI”) and machine learning in solving the current problems that players in the logistics industry within the NAFTA region are grappling with.  “AI will continue to affect our service offerings which in turn will only improve more as the traffic on our platform increases over time.”

This year’s theme for the Global Investment Conference was life sciences, cryptocurrency, blockchain and fintech, metals and mining, technology, media, and telecommunications growth, as well as cleantech. Fr8Tech presented alongside other key companies within these spaces, with its focus on technology, while also touching on its investment rationale which includes the company’s target market of over $1.2 trillion in freight, its scalable and differentiated technology, its market leadership as a first mover in this space in Mexico, and its successful growth strategy to date.

Just this year, the company has grown its operations with numerous improvements to its cloud-based marketplace that simplifies the once-complex process of international over-the-road (“OTR”) cross-border shipping (https://ibn.fm/xcEjU). Fr8Tech is also constantly exploring new ways to create value for its clients and streamline the region’s cross-border shipping process and carry that over into their respective domestic markets.  “We have had some top consumer companies endorse our product by starting with a purely domestic product and then, after familiarizing themselves with our technologies and capabilities, gaining confidence in our reliability and jump into the cross-border offerings on our platform and then perhaps into another country’s domestic requirements.  Our efforts to date have yielded six distinctive solutions in our product suite: Fr8App, Fr8Radar, Fr8TMS, Fr8FMS, Fr8Data, and Fr8Fleet.  Some of these address specific needs, like 24/7 tracking and tracing through Fr8Radar, while others address needs for purely domestic carriage, such as Fr8Fleet.”

The company’s focus on exploring new areas for revenue and value creation allowed for a 45% year-over-year (YOY”) revenue growth for the second quarter of the 2022 financial year (“Q2 2022”) https://ibn.fm/NGP9z).

“The growth reflects greater traction in each of our dedicated capacity products, Fr8Fleet, and our U.S. domestic Fr8App services,” noted Mr. Selgas.

Mr. Selgas has noted that the company anticipates steady long-term growth, especially as the market conditions improve and fuel prices stabilize. Technology will continue to play an integral role in this growth, even as the company focuses on its logistical operations’ transparency and overall efficiency.

For more information, visit the company’s website at www.Fr8Technologies.com.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://ibn.fm/FRGT

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IBN (InvestorBrandNetwork)
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Electric Vehicles: The Greatest Comeback of All Time

  • EVs have been around for more than a century and once commanded almost half the U.S. auto market; a rise to the top is in the works today
  • Hillcrest Energy is pioneering work in next-generation power inverters that are instrumental in EV operations and performance
  • Hillcrest’s inverters are a leap forward in EV tech, reducing the overall size, weight, and cost while improving power quality, material elimination of switching losses, and a reduction in electromagnetic compatibility issues

The history of electric vehicles (“EVs”) in the United States dates to 1891, when William Morrison built a six-passenger wagon widely recognized as the first practical example of an all-electric car. In these early days of motorized transportation, EVs were bona fide competition to gasoline-powered cars, with EVs comprising about 40 percent of the U.S. market. Ultimately their slow speeds, high cost and limited range led to their demise as consumers opted for internal combustion engines (“ICE”) to traverse the nation’s expanding roadways. Now the world is preparing for EVs to become the dominant mode of transport as countries worldwide look to banish pollutive ICE vehicles forever, and with innovative technology from companies like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF), the next generation of EVs are going to be more efficient than ever before.

The fact is that work in the EV space has never gone away, with interest in electric cars waxing and waning throughout the 20th century, although efficiency and costs remained a persistent challenge. It wasn’t until Tesla (NASDAQ: TSLA) came out with its Roadster in 2008 that the market really started turning the corner. With hundreds of companies working in the space and billions of dollars invested against the backdrop of government mandates to develop infrastructure and switch to emissions-free cars and trucks, the evolution is well underway.

Innovation abounds across the complete transportation sector. Companies such as Mercedes-Benz (Xerta: MBG) and Rivian (NASDAQ: RIVN) are working together on electric commercial vans for European markets. Harbinger has developed a new chassis, called the eAxle, that combines the motor, inverter, and gearbox into a replaceable integrated unit that it claims to be 15 percent more efficient and 50-80% less expensive than full packs today.

Hillcrest is a clean tech company based in Vancouver that is developing transformative power conversion technologies and control system solutions for next-generation EVs and electrical systems. Hillcrest specializes in EV power inverters, a market forecast by Infinity Business Insights to grow from $8.67 billion in 2021 to $22.25 billion by 2028, fueled by widespread consumer demand for EVs and proactive government initiatives.

Power inverters are an integral component in EV powertrains, as they convert Direct Current (“DC”) from batteries into Alternating Current (“AC”) that is used by motors. It’s arguable that inverters are the true unsung hero of EVs due to its abilities to unlock efficiencies. The component represents the link between innovations that will unlock further EV efficiency and range gains. The conversion function that an inverter provides is called “switching” in power electronics parlance, and Hillcrest has mastered the science of switching without incurring losses – called Zero Voltage Switching or ZVS.

Hillcrest’s ZVS soft-switching inverter technology can result in a significant increase in overall system efficiency and power density, in turn reducing the overall size, weight, and cost of an inverter. Other benefits including improved motor efficiency, power quality, material elimination of switching losses, and a reduction in electromagnetic compatibility issues.

Hillcrest has recently released two white papers demonstrating the advantages of its inverter technology, particularly with regards to switching frequencies. The first white paper detailed test results showing the value of operating electrical systems at higher switching frequencies with the ability to eliminate losses. The newest explains how operating at higher switch frequencies can result in a significant reduction in the size of capacitors within the system, as well as improvements in power quality, system reliability and component life.

“The Hillcrest inverter will help us move from the current vicious circle of making larger, heavier batteries to increase EV range to a virtuous circle of decreasing EV mass thanks to greater efficiency and reduced complexity,” said Hillcrest CEO Don Currie during an interview with The EV Report. He added, “Our inverter is the start of that domino effect.”

As it finalizes its first commercial prototype – intended for EVs – Hillcrest is making plans to embark on a strategy where it will generate multiple revenue streams (including outside the EV space) without giving up ownership or limiting opportunities with exclusive deals.

For more information, visit the company’s website at www.HillcrestEnergy.tech.

NOTE TO INVESTORS: The latest news and updates relating to HLRTF are available in the company’s newsroom at https://ibn.fm/HLRTF

D-Wave Quantum Inc. (NYSE: QBTS) Providing Quantum Applications for Life Sciences Industry With Potential to Transform Discovery, Production, and More

  • Quantum computing provides companies with promising new technologies that have the potential to streamline the drug development and patient trial processes, potentially finding greater efficiencies than classical computing systems
  • D-Wave has demonstrated that annealing quantum computers could play a transformational role in the life sciences industry, as illustrated by the company’s work with Menten AI and its achievements in protein design

The life sciences industry is centered around researching, developing, and manufacturing products to improve the lives of humans – including drug discovery. Drug discovery is a high-risk, high-reward field that helps to deliver life-changing clinical benefits to millions of patients.

Through quantum computing, pharma and biotech companies may be able to stack the odds in their favor through promising new technologies. D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems and software, focused on delivering customer value via practical quantum applications, offers quantum hybrid solutions for companies within the life sciences industry. In a recent survey by the Quantum Economic Development Consortium, 82% of life sciences organizations agreed that quantum computing would have a commercial impact within the decade. Nearly one-third of respondents stated they would begin evaluating such systems within the year (https://ibn.fm/T0uSZ).

D-Wave has begun to illustrate the power that quantum computing can have on the life sciences industry through its use case with Menten AI, a company reimagining biology through quantum-powered protein design. Menten AI is harnessing the unique capabilities of quantum computers to transform the traditional trial-and-error process of relying on undirected, blind screenings of random mutations. Menten AI is taking the first steps with D-Wave to incorporate quantum hybrid computing into the process, accelerating the time to solution.

In 2020, Menten AI announced the development of the first successful process using quantum hybrid programs to determine protein structure for de novo protein design. These unique designs have been computationally validated, chemically synthesized, and are being advanced to live-virus testing against COVID-19.

“Using hybrid quantum applications, we’re able to solve astronomical protein design problems. We’ve seen extremely encouraging results, with hybrid quantum procedures often finding better solutions than competing classical solvers for de novo protein design,” said Hans Melo, CEO and Co-Founder of Menten AI (https://ibn.fm/SvU2X). “This means we can create better proteins and ultimately enable new drug discoveries.”

Through machine learning and quantum computing, Menten AI has gained a competitive edge in designing and engineering proteins for applications in the pharmaceutical and chemical industries – creating designer proteins that may one day be useful in a variety of therapeutics. By extending the capabilities of its protein design and structure software and interfacing it with D-Wave’s quantum processor, Menten AI researchers were able to leverage quantum annealing for their protein design problems.

D-Wave is the only company building both annealing and gate-model quantum computing systems. The company works with life sciences organizations to identify the problems best suited for quantum, trains teams to start the development process, moves applications to test so that they are ready for market, and gets the application up and running to deliver benefits to the industry, and ultimately, society.

To check out more examples of how D-Wave is helping companies in all industries use quantum computing to solve complex problems, check out customer success stories here: https://ibn.fm/OZYNo.

For more information, visit the company’s website at www.DWaveSys.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Crypto Fest 2022 Gears Up for Networking and Entertainment for the Crypto-Defi-NFT-Web3 Community

The 4th edition of the Crypto Fest 2022 is being held on September 30, 2022, as a hybrid event in Cape Town, South Africa, and via live stream. Enthusiasts, businesses, and traders all over the world looking forward to the event can participate virtually. The Crypto Fest, in collaboration with the SA Innovation Summit, the largest startup event in Africa, is a part of the Week of Innovation taking place in Cape Town over 3 days, the 27-29 September 2022.

The abode of heritage sites, beautiful beaches, and a plethora of scenic places and natural reserves, South Africa is the perfect venue to host the Crypto Fest 2022. The theme of the Crypto Fest is a play on the satire-comedy movie ‘Don’t Look Up. The theme revolves around people’s inability to deal effectively with climate change. In the movie plot, a comet is threatening to destroy planet earth, and the people, instead of preparing to tackle the danger, indulge in distractions of pop culture and goofy memes.

As the world is evolving, change is coming to the crypto-Defi-NFT-Web3 space too. The event offers a tremendous platform for attendees to harness the novel business ideas and networking opportunities.

The Crypto Fest will witness stalwarts of the crypto space, all assembling on this unified floor to participate in meaningful conversations, important discussions and debates, and some interesting pitches. The Crypto Fest 2022 is the place to be, showcasing an extraordinary experience of how innovative technologies and budding communities are making a significant mark in the world of finance, investing, art, music, sport, gaming, entertainment, marketing, governance, and more.

The event floor will witness 1,500+ in-person and virtual attendees networking and connecting. An impressive lineup of global leaders sharing their insights on the hottest cryptocurrency, Non-Fungible Token (“NFT”), Metaverse, Web3, and Decentralized Finance (Defi) topics, awaits at the Crypto Week 2022.

It’s expected to be a scintillating environment at the Cape Town fest venue with exciting keynote presentations, companies showcasing brands, and pitching their businesses at their respective booths. Attendees can immerse in the NFT art and Metaverse gaming experiences and participate in competitions and giveaways with top live local artists and DJ performances at the after-party.

To learn more, please visit, https://cryptofest.co.za/.

Odyssey Health, Inc. (ODYY) Reports Added Evidence of Proposed Concussion Therapy’s Safety at High Doses

  • Medical product developer Odyssey Health Inc. is dedicated to creating solutions for a variety of life-quality situations, such as early detection of heart disease, saving choking victims and treating nervous system ailments
  • Odyssey Health’s primary focus has been advancing its combined device and drug solution for brain concussion injuries through the clinical test process to commercial fulfillment
  • The therapeutic solution, currently known as PRV-002, is designed to deliver a synthetic neurosteroid to injured brain tissue, where it can reduce swelling and sustain needed blood flow
  • The company’s human testing has demonstrated safety with “no serious adverse events,” and Odyssey is preparing Phase II testing in cooperation with military service personnel to better establish the drug’s effectiveness

Odyssey Health (OTC: ODYY) is a U.S. company dedicated to developing medical solutions to select conditions that affect people’s quality of life. Odyssey has been making headway on preparing a number of products for commercial marketability, such as a device to remove a throat obstruction in a choking person, new technology for the early detection for heart disease, and a potential solution for the neuro-degenerative Niemann-Pick disease.

The company’s most developed product to date is a solution for treating brain concussions at their earliest stage — a drug-device combination technology that stands to benefit a wide segment of society, from athletes in school and professional settings to elderly fall victims. The military is also taking an interest in Odyssey’s product given the propensity for mild brain injury (“mTBI”) among its service personnel.

The technology, PRV-002, is undergoing Phase I testing to establish its safety in human patients following preliminary trials using lab animals, and on Sept. 13 Odyssey announced the successful completion of safety measures for the second cohort of their Phase I Multi-Day Ascending Dosing (“MAD”) clinical trial.

“At double the dose of the previous cohort we saw no serious adverse events. As we come close to completing the Phase I trial, I am very pleased with the safety profile of our concussion pharmaceutical treatment, PRV-002,” Odyssey Health CEO Michael Redmond stated in the announcement (https://ibn.fm/1njEi). “I’m equally pleased that the intranasal drug/device combination has functioned nicely and has been easy to operate in the clinical setting.”

PRV-002 uses an applicator to administer a synthetic neurosteroid into the nasal cavity, where the neurosteroid drug can be taken up into the brain through mucosal tissues. While brain injuries and illnesses are typically difficult to treat because of the body’s protective brain-blood barrier, PRV-002’s lipophilic quality helps it cross the barrier that bars entry to other drugs’ molecules.

Within the central nervous system, the drug is able to directly and rapidly target swelling and oxidative stress resulting from concussive injuries in order to sustain optimal blood flow to the brain.

Concussions can have significant consequences in a patient’s cognitive function and emotional stability, but they remain an “unmet medical need” because of the lack of an immediately responsive pharmaceutical. Patients are generally just advised to rest and take pain relievers.

Sixteen healthy individuals have participated in Odyssey’s Phase I trial — eight in the low-dose cohort and the remainder in the follow up high-dose cohort. The company is now selecting clinical sites and developing the Investigator’s Brochure for the Phase II trial, expected to not only establish PRV-002’s safety but also that it is demonstrably effective in treating concussed patients.

Military service member volunteers are expected to participate in the next stage of the testing.

“We are actively identifying and assisting with Phase II military trial site setup,” Major General (Ret.) Jim Linder, the former chief of staff for the U.S. Special Operations Command, stated in a July 12 news release about the program (https://ibn.fm/DczCh). “We need a treatment to prevent the long-term consequences of concussion as far too many of our Service Members are retiring with TBI disorders that lessen their quality of life.”

For more information, visit the company’s website at www.OdysseyHealthInc.com.

NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

Correlate Infrastructure Partners Inc. (CIPI) Anticipates Significant Growth in Coming Months as Consumers Realize Benefits of Increased Energy Efficiency

  • Louisiana-based energy-use solutions provider Correlate Infrastructure Partners Inc. is helping clients to improve their utilities consumption profile through the application of data-driven analysis, recommended alternatives, funding solutions and system management
  • Energy consumption alternatives are becoming increasingly important as a growing cycle of extreme weather events taxes state power grids and puts power users in jeopardy
  • Correlate anticipates an ambitious period of growth in coming months, including the potential for two or three new acquisitions to strengthen the company’s portfolio and resources
  • One of those first new potential acquisitions, announced Sept. 13, is being realized through an LOI for Aegis Renewable Energy Inc., a company that provides solar project development and EPC services in the Northeastern states

Unusual weather patterns have made news in recent months for their effects on power grids and the trickle-down interruptions troubling grid consumers. One of the most notable was the Texas power crisis of 2021, which occurred during winter storms and left more than 4.5 million homes and businesses without power.

The crisis resulted in the deaths of hundreds of people, and shortages of water, food, and heat at a critical time (https://ibn.fm/miOtk).

This year, the pendulum swung toward power grid stress caused by a heat wave in California and high demand that “nearly broke the power grid … in California,” although efforts by residents to reduce personal consumption helped the state hold off rolling blackouts to cope (https://ibn.fm/SjWfW).

All the same, the California Independent System Operator (“CAISO”), which oversees the state’s power grid, issued “flex alerts” asking Californians to reduce their energy use and avoid using large appliances or charging electric vehicles between the hours of 4 and 9 p.m. in order to sustain the system amid the extreme weather event (https://ibn.fm/TJSxH).

Correlate Infrastructure Partners (OTCQB: CIPI), a company focused on reducing climate change through improving the ways commercial buildings use energy, is producing solutions to such events that tax power grids, helping clients analyze their energy consumption and then find ways to more efficiently use their energy, enabling them to reduce the amount they consume as well as to find alternative energy sources that don’t drain state power grids.

“We developed a business model that unlocks new rent opportunities by identifying cash flow positive upgrades and then designing and managing those upgrades,” Correlate President and CEO Todd Michaels stated in a recent interview published on the company’s website (https://ibn.fm/hG0hZ).

One of those opportunities was revealed Sept. 13 when the company announced an LOI to acquire Vermont-based Aegis Renewable Energy Inc. Aegis’ focus on solar project development and EPC (engineering, procurement, construction) services in the eastern United States would give Correlate a boost into the Northeastern states’ rising renewable energy market.

The proposed acquisition is expected to close in Q4. It would also help advancement the company’s development of a Correlate National Center of Excellence, which will key on rapid project design and best-in-class project management processes and systems.

For more information, visit the company’s website at www.CorrelateInfra.com, including the following:

NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

The 420 Expo, NJ’s First BYOC Public Event, Sparks High Attendance, Open Conversations & Awesome Vibe

Approximately 17,000 People Came Through the Doors of the Inaugural Event in Edison, NJ

The 420 Expo, New Jersey’s first-ever BYOC Consumer Cannabis Convention, was an unmitigated success for the cannabis community, exceeding all expectations. Approximately 17,000 people aged 21+ attended the historic three-day event, from September 16-18, 2022, at the NJ Convention & Expo Center in Edison, NJ. Hosted by the legendary Tommy Chong and presented by Wakit Grinders, the 420 Expo brought together experienced cannabis users, the “canna curious,” and businesses from the cannabis world and beyond in what amounted to one giant celebration. The event also featured significant educational seminars, designed to start breaking down the stigma that is still associated with legalized recreational adult use of marijuana.

“While THC products weren’t for sale at the 420 Expo, just the idea that people could legally bring their own cannabis, and use it, at an event that was clearly curated to support the cannabis community meant a lot to attendees,” said J. Handy, co-founder of the 420 Expo. “People were raving about every part of the expo, from meet-and-greets with celebs like Tommy Chong and Rob Van Dam, to amazing vendors, food trucks, great music, and killer afterparties. It was truly a momentous occasion.”

In addition to the celebratory atmosphere, educational seminars tackled very real and meaningful issues. The 20+ sessions included topics such as “Cannabis 101,” “Combatting the Social, Racial, & Economic Injustices of Cannabis,” “Medical Marijuana Patient Perspectives,” and “Overcoming Addictions” to opiates and other hard drugs with the help of cannabis.

Dan Davis, co-founder of the 420 Expo, said, “It was literally nothing but good vibes. Despite thousands of people, 75+ vendors, tons of live entertainers, etc., there were zero issues. That speaks volumes about the responsible community from all walks of life who are exercising their legal rights with recreational cannabis use, and we hope it debunks many of the misguided perceptions out there.”

Next year’s 420 Expo will take place in the same location on September 22-24, 2023, and planning is already underway. To learn more details as they become available, visit 420Expo.com.

GeoSolar Technologies Inc. Stands Ready as Green Architecture Seeks to Flip the Script of American Housing

  • Residential sector is major energy consumer, accounting for more than 20% of US energy consumption; strong push for grid decarbonization coupled with rising energy prices are turning the tide
  • More and more Americans are warming up to idea that their homes could be both energy efficient and comfortable as they seek net-zero homes to control both their carbon footprint and energy bills
  • GeoSolar Technologies is poised to capitalize on this growing market demand with its technology that seeks to revolutionize how homeowners generate and use power

As the climate crisis unfolds, it’s becoming increasingly clear that residential stock may lie at the heart of the greenhouse gas conundrum. Therefore, tackling how people live may be an integral part of any green initiative that aims to succeed toward a greener future. That’s where companies like GeoSolar Technologies (“GST”), a Colorado-based climate technology company, can step in and take up the challenge to bring more sustainable living into American homes. Its SmartGreen™ systems utilize the unlimited power of the sun and earth to heat and cool buildings, charge electric vehicles, and run electric appliances.

Predominantly heated and powered by fossil fuels, American homes are notorious for guzzling energy as residential buildings contribute more than 20% to the country’s energy consumption. Often built with poorly insulated walls and thinly glazed windows, each household releases around 70% more carbon dioxide than the average passenger car (https://ibn.fm/iXxgN). Devices for temperature control, combined with home appliances such as washing machines and refrigerators, account for most of that consumption.

Although so-called passive construction — or building principles for achieving superior energy efficiency while also allowing for comfortable living — have been known since the energy crisis in the 1970s, American homeowners have been slow to embrace them fully. Due to relatively lower energy costs and a heated political debate over climate change, the nation’s residential home sector failed to adopt the technology that allows these principles on a widespread level. But that seems about to change.

Homeowners increasingly seek to ensure that their everyday lifestyle is part of the solution rather than making the climate crisis worse than it already is. In their attempt to contribute to resolving this challenge, they often work to retrofit their existing houses and bring them to “net-zero energy” status — which means an environmentally sustainable house that creates at least as much energy as possible it consumes. One such family is featured in a recent article published by The Washington Post, showing Vanessa Bertelli and Stefano Negri, who lives in Washington DC with their three children. The family decided to claim back control over their own carbon footprint and re-designed their home toward net-zero status – which involves slashing their energy consumption in the first place and then employing solar energy production to offset what they do consume (https://ibn.fm/ytxBa).

Proponents claim multiple benefits of such a way of living. These changes not only reduce household carbon footprint but can also lead to a better quality of life, thus achieving a sweet spot that combines convenience, comfort and better health with lower energy costs and smaller overall environmental impact. The air is cleaner, heating, and cooling costs are lower, and the comfort level is easier to maintain.

As a result, an increasing number of homeowners is shifting toward renewables and authorities are catching up with the updates to building codes to reduce greenhouse gas emissions and monetary incentives to support their implementation. For example, Bertelli – Negri family’s home city, D.C., boasts a lofty goal, aiming to run its grid on 100% renewable energy by as soon as 2032 in a bid to establish itself as the country’s leader in clean-energy construction. This ambitious green initiative includes requirements for new builds to be net-zero and the Solar for All program, where the city provides no-cost solar panel installation to income-qualified residents.

GeoSolar appears well positioned to respond to this rising market demand. The Company’s proprietary SmartGreen™ Home technology aims to transform every aspect of the living experience to be more aligned with the effort toward a greener future. It seeks to harness the sun’s and earth’s never-ending power to electrify homes and empower homeowners and businesses to achieve Net-Zero heat and cool buildings, charge electric vehicles, and run electric appliances. GeoSolar’s solar panels, geothermal heat pumps and advanced CERV 2 air purification systems have been designed to unleash energy efficiency by using the power of the sun and earth to enable building that works for humans and nature alike.

For more information, visit the company’s website at www.GeoSolarPlus.com.

NOTE TO INVESTORS: The latest news and updates relating to GeoSolar Technologies are available in the company’s newsroom at https://ibn.fm/GST

Cepton, Inc. (NASDAQ: CPTN) Receives Letter of Intent for Up to $100 Million Investment from Strategic Investor; Lidar Technology’s Total Addressable Market Projected to Expand Exponentially

  • Cepton received a letter of intent from Koito for an investment of up to $100 million to help fund Cepton’s next stage of growth as it scales for mass market deployment
  • Lidar technology within urban settings is becoming increasingly ubiquitous across automotive (i.e., assisted driving & autonomous vehicles) and smart infrastructure
  • Since being the recipient of the largest known ADAS contract from an automotive manufacturer within the lidar space, Cepton maintains a major frontrunner

Cepton’s (NASDAQ: CPTN) long-term automotive Tier 1 partner, Koito Manufacturing Co., Ltd. recently revealed that it had provided Cepton with a Letter of Intent representing an investment of up to $100 million to help fund Cepton’s next stage of growth as it seeks to scale its lidar solutions for mass deployment (https://ibn.fm/2nIDH). This investment would bolster Cepton’s balance sheet and allow the company to develop the manufacturing and supply chain capabilities it needs to meet the expected demand from the rapidly expanding lidar market.

Lidar technology has become increasingly ubiquitous, particularly within urban settings. For example, Chinese tech giant Baidu recently revealed that its autonomous vehicle-powered ride-hailing service had successfully processed its one millionth ride, a remarkable feat achieved only twenty-four months post the service’s inception (https://ibn.fm/eFcU0). Whilst Baidu’s milestone was remarkable, the foundations of its achievement lay several years in the past when the company opted to equip its autonomous driving vehicle fleet with lidar sensors, thereby enabling its cars to reliably navigate roadways in real time whilst simultaneously detecting objects, vehicles and people that posed a potential collision threat (https://ibn.fm/BIOBj). From powering autonomous vehicles across Beijing to controlling traffic volume in South Africa, lidar technology has proven itself as a robust, versatile 3D perception tool with a plethora of use cases (https://ibn.fm/rYug1).

In support of these types of innovations, U.S. Rep. Bob Latta, R-Ohio, introduced the SELF – DRIVE act, a bill aimed at forming a federal regulatory framework designed to spur the development of autonomous vehicles in the U.S. The successful passing of this bill has been heralded by the U.S. Chamber of Commerce as a key step towards furthering the development of self-driving cars and ultimately, lidar technology within the nation (https://ibn.fm/eC8Ek).

Outside of the highly publicized and buzzing autonomous vehicle market, smart infrastructure presents a strong use case for lidar sensors. In fact, a recent market study forecasts the total addressable market for lidar technology within smart infrastructure (e.g., crowd analytics, perimeter security, road traffic management, electronic tolling, etc.) to rise from $1.5 billion in 2025 to $14 billion by 2030 (https://ibn.fm/hQUOI). A key use case for lidar has been within traffic intersection management solutions, which carry the capabilities to store data on accidents to help the municipality understand the traffic situation. In addition to providing reports to help build better models of simulated traffic scenarios for the development of AVs (https://ibn.fm/KGPBW). The deployment of lidar technology has enabled city planners to simultaneously gain perspectives on additional road users such as pedestrians, cyclists, and scooters, which has been critical to their ability in developing strategies around resolving traffic flow patterns and safety issues going forward. Cepton lidars has also partnered with surveillance managements, providing anonymized data by eliminating concerns around personal identifiable information as many patrons might object to being monitored (https://ibn.fm/h4vME).

Cepton, a Silicon Valley innovator and pioneer within high-performance lidar solutions, has rapidly emerged as a leader amongst its peers – deploying its unique capabilities across a host of different environments, ranging from traffic systems in Cape Town, South Africa to airport terminal monitoring in the U.S.

For more information, visit the company’s website at www.Cepton.com.

NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

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