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Coyuchi Inc. Textiles Deliver Colors That Give Their Bed and Bath Lineup a Natural Home Feel and Intense Consumer Appeal, One of Several Factors Driving the Company’s Success

  • Bed and bath lifestyle brand Coyuchi Inc. delivers comfortable and renowned luxury textile all-organic products that are renowned for their look, feel, and luxury appeal
  • The company’s sustainable living standard includes a traceable supply chain and a 2nd Home Take Back(TM) platform that gives new life to returned items
  • An important element of Coyuchi’s popularity is the company’s sense and incorporation of color trends, providing products with dye-free hues that evince a range of moods and create the ultimate in natural appeal
  • The company’s color choices and design details are inspired by Coyuchi’s connection to the relaxed lifestyle of the northern California coastline

Ever since Sir Isaac Newton established the first color wheel and defined the relationship of light to the spectrum’s color divisions over 350 years ago (https://ibn.fm/HbXSf), the hues revealed by prisms have been subjected to study by the scientific community.

In the modern era, architects, clothiers as well as bed and bath fashion retailers, utilize developments in the science of color to guide their work and its influence on human emotion. Luxury bed, bath and apparel organic product innovator Coyuchi displays a clear interest in color trends with products designed alternately to warm or cool their use space.

Coyuchi’s earth-sustaining, comfortable products range from pajama pants to pillow cases and shower curtains, each item created with 100 percent organic cotton fibers. As an example, the company’s bed linens come in cool colors designed to provide restorative therapeutic qualities, warm colors designed to provide a sunny taste of modernity, coastal greens that reflective simple, natural elements and the company’s namesake cotton brand that offers a dye-free taste of materials at their most basic.

“Our design inspiration is the northern California coast – the colors, the design details and the attention to how every product feels. I grew up on the California coast and there’s a relaxed lifestyle that we’d like everyone to feel; that’s what we’re creating for our customers, the relaxed feel of life by the coast,” CEO Eileen Mockus stated (https://ibn.fm/rwIuK).

The company’s name, Coyuchi, is derived from the Aztec language Nahuatl and refers to the color of coyote fur — a dusty, bleached brown that is also that basic color of organic cotton (https://ibn.fm/NlYe3).

Scientific research into the psychology of people’s moods has shown that certain colors can evoke specific feelings. The different extremes of the light spectrum have been associated with physiological changes, including increased blood pressure, increased metabolism, and eyestrain.

A recent study found people connect blues and whites with relief, while orange and yellow hues evoke joy and greens give rise to feelings of contentment, for example (https://ibn.fm/9TfgK). White-colored pills are associated with greater pain relief, while red pills are associated with stimulant properties. And black-uniformed players are more likely to receive penalties in competitive sporting events. Even colors in the same warm or cool families can spark different reactions, depending on the shade (https://ibn.fm/AYOvx).

Whatever the color, Coyuchi’s products provide environmentally conscious homes with home textiles that are soft and luxurious and built to last, and colors that display both a sensitivity and respect for nature. The company’s focus on earth stewardship comes with a traceable supply chain, and Coyuchi’s “circular initiative” was responsible for establishing the company’s 2nd Home Take Back(TM) platform in which linens returned to Coyuchi are cleaned by partners at the Renewal Workshop, checked for flaws and repaired if necessary to be as good as new for the 2nd Home program lineup.

If the material is too damaged to be used again, it is “aggregated” for recycling, according to the company.

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

REZYFi, Inc. Delivers on Promise of Expertise, Focusing on Loan Origination and Support for Cannabis, High-risk Clients

  • Specialized mortgage lender REZYFi Inc. is strategically serving the needs of consumers and cannabis-related businesses through an alternative loan financing approach
  • The company’s alternative mortgage financing strategy relies on real estate and other assets of the borrowers to secure loans for clients whose financial history or legal revenue base may make them unattractive borrowers for traditional banks
  • The cannabis industry has long struggled to secure loans despite its cash-intensive operations because of the federal government’s choice not to recognize the industry
  • REZYFi’s strengths as a lender include efficient operations supported by skilled staffing with years of expertise in the industry, , and a supportive network of independent brokers and loan officers

The emergence of the alternative mortgage loan financing market in recent years has made it simpler and easier for consumers to get a mortgage, even with what might be regarded as a past history of poor loan risk decisions. Nevertheless, special challenges remain for cannabis operators.

Florida-based REZYFi is a mortgage loan originator that specializes in market sectors such as cannabis-related operations and alternative loans related to the residential marketplace. The company addresses the needs of both traditional and non-traditional loans consumers and businesses, drawing on the strengths it has cultivated through skilled staffing, the organization of a supportive network of independent brokers and loan officers, (https://ibn.fm/8vTSQ).

REZYFi’s operational model specifically sustains cannabis operators where licensed businesses are legally qualified by their state governments, but which are struggling to do business because national drug laws regulated by the federal government create barriers. Banks insured by the federal government have been less likely to take loan risks with client operations not recognized by the federal government, so REZYFi fills a critical marketplace need.

Cannabis operations have seen market booms during the past decade based largely on their state-legal status and their attempts to provide healthful and accessible alternatives to the prescription drug industry. California is one of the leading cannabis-legal states, and one of the largest economies in the world.

REZYFi provides senior loan and project financings to state-legal cannabis businesses and to residential projects that may be related to cannabis businesses. The loans are secured by real estate and other assets of the borrowers “to the extent permitted by applicable laws and regulations governing such borrowers,” according to REZYFi’s website.

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

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

Hillcrest Energy Technologies Ltd. (CSE: HEAT) (OTCQB: HLRTF) ZVS Inverter to Benefit OEMs and End Users Alike as Inverters Prove Crucial for EV Efficiency

  • For some EV owners, charging may cost more than filling up, highlighting the need for enhancing EV efficiency – a metric that relies heavily on the productivity of their complex powertrain system
  • Performance of powertrain components directly affects cost, driving range, charge time, and overall driving experience; as a result, inverter technology could determine the speed and success of EV adoption
  • Hillcrest’s proprietary ZVS inverter technology is designed to bring benefits for both OEMs in terms of potential for significant savings in the construction of the vehicles, and for the end user

EV manufacturers may need to step up their game as, in today’s economic environment with rising electricity prices, drivers will want to ensure more confidence if they are to choose between an electric car and its conventional counterpart. With a higher purchase price relative to their combustion-engine equivalent, the recent jump in electricity rates could tip the scale for some drivers. That is where innovative solutions like Hillcrest Energy Technologies (CSE: HEAT) (OTCQB: HLRTF) ZVS inverter can help EVs become more efficient and work smarter, not harder.

For some drivers, the lure of EVs has been on a downward slope once the recent energy price volatility entered the equation. Electricity rates in some parts of the country have leaped 30% since last summer, while gasoline prices have decreased below their peak in mid-2022 (https://ibn.fm/GwGgx). Consequently, for a large portion of the country, EVs are not much cheaper to drive compared to conventional cars, and as a result, they may start looking less attractive. In addition, there are other concerns that potential EV buyers often face when deciding about the purchase, such as how far a car can go on one charge and how long it takes to recharge it. If costs and efficiency are two major pain points of the modern EV industry, then Hillcrest appears to be focusing its engineering efforts to solve for both.

The powertrain – a system consisting of batteries, traction inverters, onboard charger, and electric motors – lies at the core of every EV. The efficiency of the powertrain components is crucial since it directly affects costs, driving range, charge time, and general driving performance. As such, it could determine the speed and success of EV adoption. This puts inverters into the spotlight since an efficient power inverter is a critical powertrain component for making EVs more efficient, cost-effective, and attractive to the modern consumer.

That is where Hillcrest aims to step in with its proprietary Zero Voltage Switching (“ZVS”) traction inverter which is designed to set a new standard of performance and efficiency for modern power conversion technologies. The company has recently completed the first commercial prototype of this innovative solution, which is said to be lighter, faster, and more efficient compared to traditional inverters.

Today’s vehicles mainly use conventional inverters running on 400-volt systems (https://ibn.fm/u56ZS), but Hillcrest is confident that the future will be in high-voltage inverters (800/900-volt) with silicon carbide (“SiC”) devices as manufacturers seek to lower long-term system costs in their bid to stay competitive. Its ZVS inverter is believed to enable EV manufacturers to utilize the advantages of the promising silicon carbide up to its limit (https://ibn.fm/uxsq3).

However, the benefits of ZVS don’t seem to stop here, as Hillcrest is optimistic that its innovative technology has many potential values, including the cost control potential. The company believes that its inverter will cost as much or even less than inverters currently available in the market. Still, unlike them, Hillcrest’s ZVS would offer far greater capabilities in terms of efficiency. In a recent investor presentation, the company cited cost savings of $700 per vehicle when using its ZVS inverter. This means that for 100,000 cars in any given model manufactured over a year, OEMs could save $70 million with a bonus of increased benefits for the end user, such as increased range, more efficient batteries, and more.

The list of benefits does not seem to stop here either. For example, OEMs are on the constant lookout for new technologies that can expand the abilities of the batteries, and Hillcrest appears confident that its technology can assist in making battery technology more efficient. Instead of focusing on increasing battery size – already the most expensive EV component and one that adds more weight to the vehicle – the new paradigm concentrates on developing more efficient inverters to make EVs’ powertrain work smarter, not harder. According to the company, a 1% efficiency gains achieved by deploying its inverter can reduce batteries needed by as much as 2%. Payback of these small relative savings can be substantial at the system level.

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

Corporation Logins, Password Breach, Highlights Importance of Cybersecurity Solutions Provided by SideChannel Inc. (SDCH)

  • Recently discovered cybercriminal activity included breaches at companies that provide third-party data services to corporate giants including Amazon, Apple, Microsoft and Walmart
  • The breaches are feared to have exposed logins and passwords that could allow someone to masquerade as an employee and implant malware
  • Cybersecurity services and technology provider SideChannel helps companies prevent or mitigate damage from such cyber attacks through the use of virtual chief information security officers (“vCISOs”)
  • The vCISO service provides tiers of contract assistance to startups and mid-level companies unable to devote the budget and time to employing an in-house cybersecurity expert

A Bloomberg News report detailing a cyber hacking incident that exposed world-leading companies such as Alibaba Group Holding Ltd., Amazon.com Inc., Apple Inc., Microsoft Corp., and Walmart Inc., to potential malware and operational disruptions pulsed across computer and financial media outlets recently, providing a warning about the vulnerability of companies as they use third parties to house data and IT equipment and to reach global markets (https://ibn.fm/gXScO). If even major corporations are sometimes still vulnerable to such attacks, how are smaller companies, with modest budgets, able to protect themselves.

Cybersecurity services and technology provider SideChannel (OTCQB: SDCH) has worked with clients both large and small since 2018 to help them protect their network infrastructure, primarily through the efficient use of highly experienced cyber experts — virtual chief information security officers (“vCISOs”) who help startup and mid-market companies that need the very best expertise, but can’t afford the time and money necessary to employ their own permanent CISOs.

The Bloomberg report highlights the continually present and growing need for such companies to employ cybersecurity protocols that are actively maintained, something SideChannel CEO Brian Haugli mentioned in a recent episode of his periodic CISOlife podcast.

“Why are you building a cybersecurity program?” Haugli asked viewers rhetorically (https://ibn.fm/Imqo8).

Among the reasons companies usually cite for building a program are demands by company leadership or the investors to address potential network breach risks, and also avoiding having to put the company through costly cyber attack cleanups once the company has been burned.

“Those programs that are really effective are ones that are continuously managed and led by experienced professionals,” Haugli said, citing SideChannel’s vCISO capacity to deliver an experienced team that will provide turnkey services in the arena of corporate cybersecurity — tailored to the client’s particular needs.

“We really have three options for you to consider. If you’re just looking for an advisory, we can bring in our vCISO and our governance platform,” Haugli said. “If you start really looking at building out your organization’s security program, you need to start with the base. We can offer this package knowing that this is what goes into a good security program to begin and start building on. And then as you look across your 18-24-36-month road map for building out and expanding your organization and you’re still not ready to bring all of that in-house, we can offer a select set of options to be able to deliver for you, on your behalf, into your organization, and then to be able to shepherd that entire narrative to anybody who asks.”

The need for ongoing support is especially pertinent when considering the fact that a breach may not even be recognized, putting a company at risk for long periods of time. In the case described in the Bloomberg report, the initial cyber attacks occurred more than a year before they were discovered, and only then when security specialists conducting an unrelated undercover operation stumbled across the trail of breach activity. That activity culminated when the stolen login credentials and other data were put up for sale on the dark web, albeit not until after the companies had been warned and began changing necessary passwords (https://ibn.fm/JzmEj).

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

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

McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Lays Groundwork to Capitalize on Opportunities in the Copper Industry Through Subsidiary McEwen Copper

  • Copper is well known for its growing demand in many industries, including renewable energy sources required for net-zero carbon emission goals implemented by over 70 countries
  • The copper market is now expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021
  • McEwen Mining is a 68% shareholder in McEwen Copper’s Los Azules project, giving it 100% interest in what could soon become the world’s next copper unicorn

More than 70 countries worldwide, including the United States, China, and the European Union, have set goals to reach net-zero carbon emissions – with promises of cutting current emissions in half by 2030. With the current energy sources responsible for greenhouse gas emissions, replacing traditional fossil fuels with renewable energy sources is key to reducing carbon emissions (https://ibn.fm/Z8rzL). Traditionally used in construction projects, copper now plays a vital role in this initiative due to its versatile use across multiple industries, including renewable energy, electric car components, and numerous technological applications, all of which is combining to drive demand. The global copper market is expected to reach $446.7 billion by 2030, growing from $291.1 billion in 2021 (https://ibn.fm/9cO6g).

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich, diversified gold and silver producer in the Americas with large exposure to copper through its subsidiary, McEwen Copper, owns and operates mines in some of the world’s most prolific mineral producing regions in the Americas. Most significantly, McEwen Copper owns the Los Azules copper deposit in Argentina, believed to be the 9th largest undeveloped copper resource in the world. The company is currently laying the groundwork to capitalize on the opportunities presenting themselves in the minerals markets.

Copper is a leading barometer of global economic health due to its many uses in numerous industries worldwide. Due to a convergence of market events, including the gradual reopening of China, investors expect to see a surge in demand. Already, short-term supply issues have surfaced alongside the rebound in demand due in part to the protests in Peru, which accounts for 10% of the global copper supply.

“Copper typically is used as a construction metal for wiring for building, wiring for machinery and whatnot, but if we look at the decarbonization net zero energy transition trend, copper is the new oil,” commented Al Chu, BNY Mellon’s Lead Portfolio Manager (https://ibn.fm/h6qDm). “Is it solar power, is it wind, is it EVs, is it any form of renewable energy? Every renewable energy pretty much needs copper because if you’re talking about electrifying something and transmitting electricity, you need copper.”

McEwen Copper’s Los Azules copper deposit aligns with the company’s vision of creating a regenerative mine that is profitable with a long life and environmentally sensitive. As a 68% shareholder in McEwen Copper, McEwen Mining holds a 100% interest in the Los Azules copper project, which is expected to be an industry game-changer, turbocharging the company by creating the world’s next copper unicorn.

In addition to Los Azules, McEwen Copper’s Elder Creek Project in Nevada is a prospective for porphyry copper and gold mineralization. It is well situated in a district hosting several large copper and gold mines, including Marigold, Lone Tree, and Phoenix. Kennecott Exploration will be the operator of the exploration, with McEwen Mining holding a 1.25% net smelter return royalty on the project.

“We completed an $82 million financing for McEwen Copper in a very tough equity market. Rio Tinto, the second largest mining company in the world, through its subsidiary Nuton, now owns 9.7% of McEwen Copper, a result of its investment of $25 million,” Rob McEwen, CEO of McEwen Mining, stated in a news release. Nuton is also testing the Los Azules copper mineralization to see if it can accelerate and increase copper recoveries. Another of Rio Tinto’s subsidiaries, Kennecott Exploration, signed an option to earn a 60% interest in McEwen Copper’s other copper project, Elder Creek, by spending $18 million on exploration, he explained.

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

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

Lexaria Bioscience Corp.’s (NASDAQ: LEXX) Additional HYPER-H21-4 Study Findings Offer Better Understanding of the Anti-Hypertensive Effects of DehydraTECH-CBD

  • Dosing for Lexaria’s ambitious and most comprehensive clinical study, HYPER-H21-4, was successfully completed in July 2022, with newly analyzed results now emerging
  • Its latest findings bring the company closer to its upcoming FDA Phase 1b study while also explaining the patented DehydraTECH-(TM)-processed CBD interaction with the sympatho-chromaffin system via catestatin modulation
  • Lexaria’s management is optimistic that DehyraTECH-CBD and its effectiveness in modulating catestatin levels could become a significant value enhancer should it eventually enter the marketplace as an approved hypertension treatment

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, kicked off its human clinical study, HYPER-H21-1 in 2021, focused on testing its patented DehydraTECH(TM)-processed cannabidiol (“CBD”) for the potential use as a hypertension treatment alternative (https://ibn.fm/hdVQ9). On July 27, 2022, the company announced that the dosing for its HYPER-H21-4 multi-week human clinical study was successfully completed, with no serious adverse events resulting from the dosing (https://ibn.fm/IZTUN).

This safety-related outcome – no serious adverse events – is generally speaking the desired primary outcome of Lexaria’s upcoming Phase 1b FDA-registered study.

Designed to enhance Lexaria’s probability of success toward an Investigational New Drug (“IND”) application filing for the U.S. Food and Drug Administration (“FDA”) approval, HYPER-H21-4 was the most comprehensive clinical study ever undertaken by Lexaria, with many types of analysis performed. Its latest findings from the study take things a step further while also explaining DehydraTECH-CBD’s interaction with the sympatho-chromaffin system via catestatin modulation.

In addition, the findings have been published in the respected peer-reviewed journal, “Biomedicine and Pharmacotherapy.” The company is aware of only a handful of other published research studies that have investigated whether a sustained decrease in resting blood pressure (“BP”) is possible following multiple weeks of oral CBD dosing, none of which have been successful in achieving this (https://ibn.fm/qPQYM).

The findings showed that DehydraTECH-CBD resulted in a statistically significant reduction in average baseline serum catestatin concentrations of 13.50 ng/mL to just 9.65 ng/mL after five weeks of dosing, representing a 28.5% drop. In addition, mean arterial pressure significantly dropped by 4.26 ± 1.26 mm/Hg following the five weeks of DehydraTECH-CBD dosing. No statistically significant reductions in catestatin concentrations were identified in the placebo group.

Given the growing demand for alternative anti-hypertensive treatments and therapies, Lexaria recognizes an opportunity and seeks to fill it. These latest results from its ambitious HYPER-H21-4 study inch the company closer to achieving that goal, ultimately becoming a leader and tapping into a pharmaceutical market that is set to be valued at $34 billion by 2030. Lexaria’s management is optimistic that DehydraTECH-CBD and its effectiveness in modulating catestatin levels could become a significant value enhancer should it eventually enter the marketplace as an approved hypertension treatment.

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

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

Data443 Risk Mitigation Inc. (ATDS) Well Positioned Amid Growing Concerns About Cyber Security and Data Protection Practices

  • A fast-moving ransomware strike recently infected servers made by California-based cloud computing giant, VMWare, leveraging known vulnerabilities previously disclosed by this software company
  • Ransomware continues to be one of the top digital threats and the problem is exacerbated by poor cybersecurity practices, such as lapses in adequate vulnerability management
  • The attack is the last in a series of reminders that businesses need reliable cybersecurity systems and practices provided by companies like Data443 Risk Mitigation to combat malicious attacks instigated by cybercrime perpetrators

Cybercriminals are striking again, reminding the public that they are quick to detect and take advantage of any vulnerabilities left uncovered. A large ransomware campaign has been launched recently to target VMware ESXi hypervisors worldwide, potentially compromising around 3,800 vulnerable servers globally (https://ibn.fm/NaXEk). In what seems to be a wave of attacks, cybercriminals appear to be exploiting a heap overflow vulnerability with an “important” severity rating to access vulnerable servers. As a result, ransomware alerts spread like wildfire worldwide, ushering thousands of companies to perform urgent system scans as they rushed to detect any signs of compromise. Events like this remind us that cyber perpetrators are on the constant lookout for businesses’ blind spots that suffer from sloppy cybersecurity practices. With a mission focused on preventing cyber incidents like this, Data443 Risk Mitigation (OTC: ATDS) remains committed to supporting business-critical data in flight and at rest, while meeting the growing need for data discovery, governance, and protection services.

Over the past years, cybersecurity has become much more than a buzzword – it has become a necessity. In the wake of cyberattacks that grow in frequency and scale, cybersecurity serves as the wall keeping criminals from compromising sensitive data and taking down networks or systems which disrupt normal operations. Companies that don’t have adequate cyber protection systems are exposed to a massive threat that can ruin their relationships with customers, employees, and other stakeholders and expose businesses to considerable legal risk. VMware, a California-based cloud computing giant that produced the affected servers, publicly released patches for this vulnerability two years ago. Still, as it turns out, there are many businesses that have not yet applied the patch and thus left themselves open to this malicious attack. This latest strike goes to show that cyber security hygiene is vital for preventing ransomware attacks.

In today’s world, where more and more business and personal lives are online, cyberattacks are considered the world’s fastest-growing crime. As new digital devices become ubiquitous and we grow reliant on emerging digital technologies, including self-driving cars, and smart home security systems, we continue to be increasingly vulnerable to cybercrime threats as criminals find new ways to steal and abuse that data for their financial gain.

In the latest report, the FBI’s Internet Crime Complaint Center revealed that it received 847,376 complaints regarding cyberattacks and malicious cyber activity that caused almost $7 billion in losses in 2021. Moreover, the losses from hacking incidents skyrocketed at the rate of 64% year over year. Therefore, it is no surprise that the global cybersecurity market is expected to snowball with a projected CAGR of 12.8% from 2022 to 2030, generating USD 657.02 billion by the end of that period (https://ibn.fm/JZEiF). And nowadays, it appears that no business is safe from malicious cyber activity. As more and more large corporations invest in cybersecurity infrastructure, criminals are increasingly targeting small and medium-sized companies, which tend to have less resilient cyber protection (https://ibn.fm/IEkMG).

In a heated environment like this, where criminals are quick to adapt and take advantage of exposed vulnerabilities, Data443 Risk Mitigation has emerged as a critical player within the cyber security space with an extensive product suite and comprehensive toolset designed to help companies securely manage data on-premises, in the cloud and in hybrid environments. The Company helps customers prioritize risk, detect security gaps, and implement adequate data protection and privacy management procedures by providing a comprehensive range of products and services, including data archiving, file sharing, ransomware recovery and access control to sensitive content management and global privacy management.

Strategically positioned to benefit from the growing demand for data protection as technologies and practices designed to keep systems and digital data safe are becoming top of mind for companies around the world, Data443 Risk Mitigation is poised to expand its product reach to include some of the world’s largest organizations. With more than 10,000 customers across 100 countries, the Company boasts an impressive lineup of clients, including a Fortune 500 Fintech, a major U.S. energy provider, and a leading global investment bank headquartered in New York City.

Data443 Risk Mitigation, Inc. (ATDS) Investor Relations Matthew Abenante ir@data443.com 919-858-6542

For more information, visit the company’s website at https://data443.com/.

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

Freight Technologies Inc. (NASDAQ: FRGT) Jumps Revenue Guidance for 2023 Amid New Optimism for Commercial Truck Transport, Tracking Tools

  • B2B marketplace builder Freight Technologies Inc. is an innovator in resources for strengthening commercial supply chain transports between the United States, Canada and Mexico
  • Freight Technologies, also known as Fr8Tech, has developed its AI-powered Fr8App resource to provide shippers and carriers with the tools they need for monitoring shipments and vehicle performance, and improving efficiency
  • In this month’s State of the Union address, President Joe Biden restated his administration’s commitment to boosting manufacturing close to home through policies that sustain price competitiveness and respect for quality employment
  • Amid optimism for U.S. trade and labor policies, Fr8Tech recently announced revenue projections for 2023, boosting its anticipated sales by 40 percent to between $36 million and $42 million

Over-the-road shipping technology innovator Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) is dedicated to keeping freight moving around the country and between the United States’ primary land-based trading partners in an efficiently designed and successful manner, using the company’s flagship AI-powered Fr8App B2B marketplace as a powerful tool.

Freight Technologies (also stylized as Fr8Tech) recently announced its market guidance data for the coming year, projecting revenues of between $36 million and $42 million for 2023, which will be an increase over 2022’s preliminary revenue figures of approximately $26 million to $27 million (https://ibn.fm/jUZxK).

The company’s projections for revenue growth are underscored by the comments President Joe Biden made during the White House’s annual State of the Union address earlier this month, restating the administration’s goals of promoting made-in-America projects despite continued strong impetus in the business sector for trading with foreign economies, particularly market-dominant imports ($537 billion in 2022) from China (https://ibn.fm/lmq0G).

While much of the U.S. trade policy focus has been on tensions with China and Russia, Canada and Mexico remain the America’s largest two-way trading partners — with $794 billion and $779 billion transacted last year between the countries, respectively, reflecting the lengthy land borders the nations share with the United States and a recently updated three-way free trade agreement, according to new U.S. Commerce Department data (https://ibn.fm/jQ7yl).

Commercial truck transport is a key element of the land-based trade closest to home undergirding administration shipping policies both for domestic manufacture and partners in the United States-Mexico-Canada Agreement (“USMCA”), which replaced the North America Free Trade Agreement (“NAFTA”) in 2020 as a mutually beneficial trade strategy for North American workers, farmers, ranchers, and businesses (https://ibn.fm/IE4xe).

Freight Technologies’ Fr8App fleet tracking solution helps smaller carriers compete with big retailers by enabling business owners and fleet managers to monitor and manage transport vehicles, identifying the progress of shipments, reducing fuel costs, ensuring greater driver safety, and helping drivers fulfill maintenance needs (https://ibn.fm/2ARNC).

“We look forward to continued growth in our cross-border and domestic FTL offerings over the course of the next 12 to 24 months and come into 2023 with a strong pipeline of existing customers and new prospects and growing lines of business,” Fr8Tech CEO Javier Selgas stated in the company’s revenue announcement. “We are revising our guidance for 2023 revenues to be in the $36 to $42 million range as we continue to invest in our technology and are capturing early returns from our new product offerings.”

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

Corporate Communications IBN (InvestorBrandNetwork) Los Angeles, California www.InvestorBrandNetwork.com 310.299.1717 Office Editor@InvestorBrandNetwork.com

Web3 Toronto To Explore The World Of Metaverse and Blockchain

The Web3 Toronto Summit, which will be held from March 1-2, 2023, invites entrepreneurs, investors, professionals, collaborators, and enthusiasts of the Metaverse, blockchain and Web3 spectrum, to participate in a robust networking and business opportunity for the Web3 community in Canada and beyond.

With Web3 and other evolving technologies growing by leaps and bounds, the Web 3 Toronto Summit will serve as a meaningful initiative of uniting these industries at a common forum. Enthusiasts, traders, and entrepreneurs from all over the world will gather for an unforgettable opportunity of learning and networking through immersive events, experiences, parties, conferences, pitching rooms, workshops, entertainment, and more.

The agenda of organizers at Web3 Toronto is to provide a platform for learning and education about blockchain technology. WEB3 Toronto is organized by the team of DX3 USA and DX3 Canada, focused on delivering valuable content about technology in the retail and marketing industry. They aim to offer a robust platform for experts and learners to improve their understanding of NFT, Blockchain, and the Metaverse. The event is co-located with DX3 Canada 2023 at Toronto Conference Centre. Registrations are ongoing for interested attendees.

Web3 Toronto aims at:

  • Give The Community A Voice: Bring to the forefront speakers to provide a forum for the NFT community to give voice to most relevant ideas of the moment.
  • Connection: Offer a common platform to people who are working on like projects.
  • Promote: Provide knowledge and guidance to the global community about the value of NFTs.

The Web3 Toronto Summit will be attended by the stalwarts of emerging technologies who will impart their valuable insights and ideas to the attending audience. Connect with the influencers and experts of these emerging industries who will cover topics about blockchain, Web3 and digital assets, to name a few. Attendees can participate in discussions and panels conducted by industry leaders who will discuss the latest trends in technology. Learn and get access to educational content involving innovation and market insights for expanding your business.

Along with DX3, the Web3 Toronto event is organized by IOT Intelligent Cities, a public sector event comprising various summits, interactive workshops, exhibitors showcasing various products and lots of networking opportunities. Hifazat ‘Faz’ Ahmad, President, of IoT Events, is an experienced business leader who delivers growth by helping transform struggling businesses into development-oriented enterprises.

To learn more, please visit (https://ibn.fm/6QHIE).

GeoSolar Technologies Inc. Set to Benefit from the DOE’s Investments in Geothermal Energy

  • The Department of Energy recently agreed on a $74 million funding initiative aimed at 7 pilot projects exploring different methods of harnessing geothermal energy
  • Geothermal energy currently generates 3.7 billion kilowatts per annum of electricity in the United States – enough to power 2.5 million homes
  • GeoSolar Technologies has been an early mover within the geothermal technology space, using the renewable energy source as the foundation of its revolutionary SmartGreen(TM) Home system

Around 2,900 kilometers (1,800 miles) beneath the Earth’s surface lies the hottest part of our planet – the core. A small portion of the core’s heat, which can rise to over 5,000 degrees Celsius or 9,000 degrees Fahrenheit, is delivered from the friction and gravitational pull which results from the Earth’s creation over 4 billion years ago; however, most of the Earth’s heat is generated through the constant decay of radioactive isotopes, namely postassium-40 and thorium-232. Harnessing the heat generated by the Earth’s core, a process called geothermal energy, is still in its relative infancy; in the United States today, geothermal energy currently generates about 3.7 billion kilowatt hours of electricity per year – enough to power over 2.5 million homes. However, that pales in comparison to more conventional fossil fuels; coal alone accounted for 898 billion kilowatt hours of electricity in the U.S. as of 2021 (https://ibn.fm/Ues2C). That figure may now be poised to change.

In early February 2023, the U.S. Department of Energy (“DOE”) announced a funding opportunity of up to $74 million for seven pilot projects which would individually seek to test the efficacy and scalability of enhanced geothermal systems (“EGS”). Forming part of the landmark Bipartisan Infrastructure Law (“BIL”), the pilot projects to use innovative technology and a variety of development techniques to capture the Earth’s abundant heat sources in diverse geologic settings. Moreover, and through this investment, the DOE hopes that research from the findings will prove a justifiable case for the potential for geothermal energy to provide reliable, around-the-clock electricity to tens of millions of homes across the country (https://ibn.fm/rx1SW).

What is unique about geothermal energy, is the basis by which it forms. Recent findings from the University of California Berkeley discovered that the Earth’s core may contain as much as 1,200 parts per million of potassium-40, or just over one tenth of one percent of the core’s entire mass.

“This amount may seem small and is comparable to the concentration of radioactive potassium naturally present in bananas. Combined over the entire mass of the Earth’s core, however, it can be enough to provide one-fifth of the heat given off by the Earth,” stated Kanani Lee, a Ph.D. researcher at UC Berkeley (https://ibn.fm/MyO5M).

As potassium-40 decays, its nucleus changes, emitting enormous amounts of energy and radiation. Heat from the Earth’s core radiates outwards, warming rocks, water, gas and other geological material on the way; studies have shown that the heat dissipated in temperature by approximately 25 Celsius per 1 kilometer of depth (1 degree Fahrenheit per 77 feet). Whilst in some areas of the world such as Iceland, abundant sources of hot, easily accessible underground reservoirs of water make it possible to rely on geothermal sources as a safe, dependable, and inexpensive source of energy, the process to harness geothermal energy in the United States is somewhat different (https://ibn.fm/neDZT).

GeoSolar Technologies (“GST”), a Colorado-based climate technology Company pioneering an approach into clean energy solutions for households, has been an early mover within geothermal energy in the United States. Through the introduction of its proprietary SmartGreen(TM) Home system – an environmentally friendly, renewable energy focused technology designed to harness energy from the Earth and sun to power and purify homes and automobiles without the use of fossil fuels, GeoSolar have looked to tackle the astounding thirty percent of global greenhouse gases generated by households every year.

The heart of the SmartGreen(TM) Home system lays within geothermal ground-based energy beneath the average home. Through a truck-mounted or modular sonic rig, GeoSolar seeks to drill 4–6-inch wells down 300-400 feet below the surface, subsequently inserting high-density polyethylene pipe ground loops that can tap into the unlimited source of geothermal energy available. The ground loops operate the geothermal system function by constantly circulating non-toxic fluid to a high-volume heat/air pump. The heat pump and circulating fluid continuously transfers heat from the home into or out of the ground depending on the season. Moreover, the system can be easily connected to existing air ducts or radiant flooring loops, thereby accounting for all of the home’s heating, cooling and hot water requirements.

Historically, the key barriers towards greater geothermal energy adoption lays within the financial sphere. Geothermal power plant suffers from much higher capital costs (and therefore, slower payback periods) relative to other forms of renewable energy. Moreover, existing techniques for placing wells at traditional hydrothermal sites have been largely unsuccessful, with many wells failing to produce enough to go into use – variables which have detrimentally affected incremental investment within the technology. As a result, the largest geothermal steam electricity plant in the United States, located in California, was built as far back as September 1960 (https://ibn.fm/0KQFz). With its most recent funding endeavors, the DOE hopes to change this paradigm. GeoSolar Technologies for one, stand to benefit from the ongoing shift in the United States’ renewable energy mix.

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

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