CHARLOTTE, NC and WILSONVILLE, OR – September 25, 2023 – Honeywell (Nasdaq: HON) today announced a strategic collaboration with ESS Tech, Inc. (“ESS”) (NYSE: GWH) to advance technology development and market adoption of iron flow battery (IFB) energy storage systems. Honeywell will make an investment in ESS as part of this collaboration.
The relationship builds upon each company’s development of energy storage systems, and brings together ESS’ market-leading, patented IFB design with Honeywell’s advanced materials and energy systems expertise.
“The demand for long-duration energy storage represents a compelling market opportunity within the energy transition and the combination of Honeywell and ESS technology can accelerate decarbonization for the commercial, industrial and utility sectors,” said Bryan Glover, chief growth officer, Honeywell Performance Materials and Technology (PMT) group. “Our strategic collaboration with ESS will accelerate Honeywell’s ability to bring comprehensive solutions to our customers while working to advance long-duration energy storage across all industries requiring expansive energy storage.”
“Today, we are creating superior technology in the critical long-duration energy storage industry,” said Eric Dresselhuys, CEO of ESS. “Combining ESS’ innovative technology and deployment experience with Honeywell’s storage and control system expertise will enable us to drive the clean energy transition and deliver value to our customers, shareholders and communities.”
Honeywell and ESS are working together to meet growing global demand for long-duration energy storage (LDES), driven by the rapid increase in renewable power generation. This is creating a substantial and fast-growing market as countries worldwide transition to zero carbon energy. The current global energy storage market is estimated to be $50 billion per year and is forecast to grow significantly with a cumulative investment of up to $3 trillion by 2040, according to the LDES Council and McKinsey & Co.
As the shift to renewable energy accelerates, challenges associated with the intermittency of wind and solar energy are becoming more apparent. Safe and sustainable IFB technology enables the transition to clean energy using Earth-abundant materials – iron, salt and water – to provide energy storage without reliance upon limited minerals such as lithium, cobalt or vanadium.
About Honeywell:
Honeywell (www.honeywell.com) is a technology company that delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit Honeywell | Newsroom.
About ESS Inc.:
At ESS (NYSE: GWH), their mission is to accelerate global decarbonization by providing safe, sustainable, long-duration energy storage that powers people, communities, and businesses with clean, renewable energy anytime and anywhere it’s needed. As more renewable energy is added to the grid, long-duration energy storage is essential to providing the reliability and resiliency we need when the sun is not shining, and the wind is not blowing.
ESS technology uses earth-abundant iron, salt and water to deliver environmentally safe solutions capable of providing up to 12 hours of flexible energy capacity for commercial and utility-scale energy storage applications. Established in 2011, ESS Inc. enables project developers, independent power producers, utilities and other large energy users to deploy reliable, sustainable long-duration energy storage solutions. For more information visit www.essinc.com.
Mr. Neves is the owner and principal of CrossCurrents LLC, where he deploys expert political consulting services and a deep understanding of public affairs.
STOCKTON, CA, September 14, 2023 /24-7PressRelease/ — Lee Neves has been included in Marquis Who’s Who. As in all Marquis Who’s Who biographical volumes, individuals profiled are selected on the basis of current reference value. Factors such as position, noteworthy accomplishments, visibility, and prominence in a field are all taken into account during the selection process.
Mr. Neves is the owner and principal of CrossCurrents LLC, where he deploys expert political consulting services and a deep understanding of public affairs. The firm, launched in 2012, proved the ideal vehicle for him to extend a sincere passion, nurtured from childhood, for political discourse and forecasting, and Mr. Neves is proud to partner with local and regional figures in securing productive campaign protocols and delivering exceptional election results.
Outstanding academic success has further shaped Mr. Neves’ profile. He holds a Bachelor of Arts in history from the University of the Pacific, which he completed in 1997, and in 2000, he earned his Juris Doctor from McGeorge School of Law. Afterwards, Mr. Neves initiated his political career, first as a field representative and political director for Senator Richard Monteith in 2001.
Mr. Neves has thrived in other distinct positions, including an appointment as a managing partner with Spinnovation Strategies from 2004 to 2007, after which he was named the community relations manager for Barnes & Noble Booksellers Inc., where he excelled through 2012. Additionally, he provided expert guidance as the chief of staff for California State Assemblyman Carlos Villapudua from 2020 to 2022, and in 2021, Mr. Neves became the proud majority owner and president of the Stockton Cargo Soccer Club.
Civic service and networking remain vital components of Mr. Neves’ pursuits. He maintains affiliation with the Greater Stockton Chamber of Commerce, the San Joaquin County Hispanic Chamber of Commerce and the African American Chamber of Commerce of San Joaquin. From 2012 to 2018, he assisted the Pacific Athletic Foundation as an executive board member, and between 2015 and 2018, he contributed as a committee member for the March of Dimes Signature Chef Dinner event. Additionally, Mr. Neves was humbled to manage extensive responsibilities as the chair of the March of Dimes March for Babies initiative between 2016 and 2017.
Distinguished accolades mark the milestones related to Mr. Neves’ presence in the political sphere, including receipt of the 2020 and 2021 AAPC Pollie Awards from the American Association of Political Consultants and the 2020 Silver Goldie Award recognizing political and public affairs professionals. In 2021, he was honored to be cited as a Reed Award Finalist by Campaigns and Elections Magazine, and in 2021, he won both the Golden Donkey and the Silver Donkey Awards as presented by Peer Choice Awards. Additionally, Mr. Neves was recognized with a 2023 Reed Award for the Best TV Ad, Democratic State Legislative Campaign.
Mr. Neves attributes his professional success to his parents’ model and influence, as well as an innate fearlessness to accept challenges. He cites his role in the successful campaigns of State Assemblymember Carlos Villapudua in 2020 and of District Attorney Ron Freitas, who bested a two-term incumbent to ascend to office, as one of his most notable achievements thus far. Looking toward the future, Mr. Neves aims to persist in his collaborative consultancy work and continue to mentor students at the University of the Pacific, where he has served as an adjunct professor since 2022.
About Marquis Who’s Who®:
Since 1899, when A. N. Marquis printed the First Edition of Who’s Who in America®, Marquis Who’s Who® has chronicled the lives of the most accomplished individuals and innovators from every significant field of endeavor, including politics, business, medicine, law, education, art, religion and entertainment. Marquis celebrates its 125th anniversary in 2023, and Who’s Who in America® remains an essential biographical source for thousands of researchers, journalists, librarians and executive search firms around the world. Marquis® publications may be visited at the official Marquis Who’s Who® website at www.marquiswhoswho.com.
# # #
A new study offers rare comprehensive data on what owners can expect in the six months after adopting a dog from a shelter: These dogs may display a variety of problem behaviors that ebb and flow, but owners tend to be highly satisfied with the four-legged family addition despite the lengthy adjustment period.
Researchers surveyed new owners of dogs adopted from five Ohio shelters at four time points after the pet went home – seven, 30, 90 and 180 days later – using a research tool called the Canine Behavioral Assessment & Research Questionnaire (C-BARQ).
Results showed the dogs had a high prevalence for aggression toward strangers, their owners and other dogs that changed in a variety of ways over time, and separation-related behavior problems decreased at the six-month time point. By the study’s end, 93.7% of owners rated their dog’s overall behavior as excellent or good and 100% reported their pet had adjusted to the new home extremely or moderately well.
“We really got to see where in the timeline the pet’s behavior may change or may not change, and that’s really the key,” said lead study author Kyle Bohland, assistant professor-clinical of behavioral medicine in the Department of Veterinary Clinical Sciences at The Ohio State University.
“The shelter system touches many lives, both humans and pets,” said Bohland, whose practice centers on companion animal behavior. “And so it’s important for us to be able to counsel owners on what may or may not change in the future so they can be better prepared to handle those consequences and then, hopefully, keep dogs in homes.”
The study was published recently in the journal PLOS ONE.
Statistics show that about 2 million dogs are adopted from U.S. shelters every year.
An internet search about adopting shelter dogs will return results suggesting these pets’ behavior will change three days, three weeks and three months after joining a household. Three days makes sense, Bohland said, because the stress hormone cortisol is known to spike in dogs when they enter a new environment, and then returns to normal in a few days.
“But the three-week and three-month rule really had no scientific basis,” he said. Previous studies on adopted shelter dogs took a piecemeal approach, testing one point in time in the new home or using unvalidated surveys.
So Bohland and his colleagues set out to take a longer look at dog behavior changes in their forever homes using C-BARQ, which provides a standardized way to assess an individual dog’s behavior. They recruited participants who adopted dogs from four shelters in the Columbus area and one in Cleveland.
Ninety-nine new adopters completed the first survey a week after taking their dogs home, and repeat surveys were emailed to those participants one, three and six months after the adoption. Sixty-two owners answered all four surveys.
The survey contained 42 questions asking participants to use a 0-4 scale to rate excitability; aggression directed toward strangers, owners and either familiar or unfamiliar dogs; fear; touch sensitivity; separation-related behavior; attachment and attention seeking; chasing; and energy level. Owners were also asked at each time point to rate their overall satisfaction with the dog’s behavior and document any changes in their household.
Among behaviors that changed, results showed that a few increased at all time points: stranger-directed aggression, chasing behavior and training difficulty. Increases in excitability and touch sensitivity were reported at 90 and 180 days.
Two characteristics, separation-related behaviors and attachment and attention-seeking, decreased by the six-month mark.
Of behaviors that didn’t change, a few still stood out for their high prevalence at various time points: dog-direction aggression (75%), familiar dog aggression (37.8%), and owner-directed aggression (32.3%).
“The biggest thing that stuck out to me was that we’ve got a lot of aggression among dogs in our community. That definitely concerns me from a public health standpoint and from a human mental health standpoint, because we’ve got a lot of dogs that are struggling – and that has human implications,” Bohland said.
“And the other big piece was that despite that, people were pretty darn happy with their dogs,” he said. “This combination of findings is a reminder that just about everybody has, on some level, dealt with unpredictable behavior problems, illnesses and the quirks of animal aging – and we still love our dogs. Overall, this really speaks to the bond people have with their pets.”
Statistical analysis suggested that in some cases, a dog’s size, age or sex was associated with specific behaviors. Dogs treated in the shelter with anti-anxiety medications were more apt to show aggression toward strangers and touch sensitivity after adoption – likely because those pets were more difficult to handle from the beginning, not because the medications made it worse. Researchers deliberately left breed out of the analysis – most dogs were described as mixed breeds, and all were neutered.
Based on what the researchers see in their practice, some behavior changes make sense: Stranger aggression may increase as dogs feel more protective of their new environment, and separation anxiety logically lowers as dogs settle into a household routine. Touch sensitivity might go unnoticed for months – until that first nail trim.
Seven adopted dogs were returned to the shelter during the study, resulting in a return rate of 7.1%. The national average return rate is about 15%.
“The bottom line is we don’t want to see dogs coming back to shelters,” Bohland said. “A lot of what we study comes from clients having questions. So my hope is that in the long term, this can help shelter employees and veterinarians target interventions that will help keep more dogs in their homes.”
This work was funded by a grant from Ohio State’s College of Veterinary Medicine. Co-authors were M. Leanne Lilly, Andréa Arruda and Jeanette O’Quin of Ohio State, and Meghan Herron of Gigi’s Shelter for Dogs.
Metropolitan Commercial Bank Partners with Finzly for Advanced Payment Processing
We selected Finzly for its ability to cater not only to our business customers and consumers but also to foster robust partnerships within the payments industry. Nick Rosenberg, Executive Vice President, Head of Global Payments Group, at Metropolitan Commercial Bank
CHARLOTTE, N.C. (PRWEB)
August 01, 2023
Finzly, a cutting-edge payment solutions provider, has announced a strategic partnership with New York-based Metropolitan Commercial Bank, a financial institution known for its strong commitment to business banking and success within the payments ecosystem.
The collaboration represents a significant milestone in enhancing Metropolitan Commercial Bank’s payment processing capabilities and offering a superior banking experience to its business customers and industry partners. Metropolitan Commercial Bank aims to transform its payment processing operations on ACH, Fedwire, and FedNow through the adoption of Finzly’s payment infrastructure. Additionally, by integrating Finzly’s innovative business banking platform, the bank plans to introduce customized payment solutions that cater to the specific needs of its diverse business clientele.
Finzly’s payment core serves as a centralized payment processing system for all payment rails and seamlessly integrates with the bank’s core systems, as well as key third-party systems such as GL, AML, and OFAC, ensuring compliance and efficiency in payment monitoring and management.
Finzly’s direct and certified connections to The Clearing House, the Federal Reserve, and the SWIFT network expedite the implementation, giving Metropolitan Commercial Bank’s customers access to all payment rails, including the recently launched FedNow instant payment service. Additionally, leveraging Finzly’s API to FedNow enables the bank to effortlessly integrate value-added services into its offerings, unlocking a broader range of services, including instant payments for loans and other financial products.
This strategic partnership also enables the bank to foster the seamless onboarding of industry partners, platforms, and neobanks, facilitated by Finzly’s single API access to its highly versatile payment infrastructure. Built on a robust award-winning cloud-based platform, this technology is primed to effortlessly scale up, effectively addressing the increasing demands of payment processing within the thriving B2B ecosystem.
“We are deeply honored to be chosen as Metropolitan Commercial Bank’s payment solutions partner,” said Booshan Rengachari, Founder, and CEO of Finzly. “Our commitment is steadfast in empowering the bank to further its payment capabilities and deliver truly exceptional experiences to their diverse clientele.”
Nick Rosenberg, Executive Vice President, Head of Global Payments Group, at Metropolitan Commercial Bank, added, “We selected Finzly for its ability to cater not only to our business customers and consumers but also to foster robust partnerships within the payments industry. Through Finzly’s advanced payment infrastructure, we now lead the way in delivering advanced payment experiences, positioning us at the forefront of financial innovation.”
Finzly was among the first to go live on the FedNow network, offering financial institutions an agile and futureproof solution tailored to meet the demands of the connected ecosystem.
About Finzly:
Finzly empowers the banks of the future, along with fintechs and businesses, to seamlessly offer and access financial services in an open, connected, embedded and real-time ecosystem. At the core of this infrastructure is Finzly OS, a modern, cloud-based, API-enabled operating system that serves as a parallel platform to a bank’s core. With a wide range of turnkey banking solutions, including a multi-rail payment hub, foreign exchange, trade finance, compliance, and treasury experience components, Finzly enables the creation of programmable banks while also providing a Banking as a Service platform to fintech partners and corporate customers via a single API connection to all payment networks. In a recent breakthrough, Finzly unveiled the world’s first API for accessing the FedNow service and was one of the first to go live on the platform, solidifying its position as a leader in payments technology. Learn more about Finzly’s game-changing solutions by visiting http://www.finzly.com.
About Metropolitan Commercial Bank:
Metropolitan Commercial Bank (the “Bank”) is a New York City based full-service commercial bank. The Bank provides a broad range of business, commercial and personal banking products and services to individuals, small businesses, private and public middle-market and corporate enterprises and institutions, municipalities and local government entities.
Metropolitan Commercial Bank’s Global Payments Group is an established leader in providing payments services to domestic and international non-bank financial service companies. The Bank continues to grow its presence as a valued, trusted and innovative strategic partner across, payments, custodial and money services businesses worldwide.
Metropolitan Commercial Bank’s EB-5 / E-2 International Group delivers banking services and products for United States Citizen and Immigration Services EB-5 Immigrant Investor Program investors, developers, Regional Centers, government agencies, law firms and consulting companies that specialize in EB-5 and E-2.
Metropolitan Commercial Bank was ranked by Independent Community Bankers of America among the top ten successful loan producers for 2023 by loan category and asset size for commercial banks with more than $1 billion in assets. The Bank finished ninth in S&P Global Market Intelligence’s annual ranking of the best-performing community banks with assets between $3 billion and $10 billion for 2022 and eighth among top-performing community banks in the Northeast region for 2022. The Bank is also a member of the Piper Sandler Sm-All Stars Class of 2022 and Kroll affirmed a BBB+ (investment grade) deposit rating on January 25, 2023.
Metropolitan Commercial Bank operates banking centers and private client offices in Manhattan and Boro Park, Brooklyn in New York City and Great Neck on Long Island in New York State.
The Bank is a New York State chartered commercial bank, a member of the Federal Reserve System and the Federal Deposit Insurance Corporation, and an equal housing lender. The parent company of Metropolitan Commercial Bank is Metropolitan Bank Holding Corp. (NYSE: MCB).
For more information, please visit the Bank’s website at MCBankNY.com.
T3 Sixty Primary Logo – Blue
“Implementing these recommendations will make the whole industry more resilient and improve service to consumers.” Jack Miller, President and CEO, T3 Sixty
LADERA RANCH, Calif. (PRWEB)
July 12, 2023
T3 Sixty, the nation’s leading real estate management consultancy, has penned a letter to industry leaders with recommendations for responding to the building regulatory and legal scrutiny of the industry’s compensation structure.
Earlier this month, a Massachusetts multiple listing service, MLS PIN, settled a $3 million class-action lawsuit over buyer-broker compensation. Two additional compensation-focused class action lawsuits have been certified and are working their way through the courts, and a U.S. Department of Justice probe is under appeal. T3 Sixty recognizes that fundamental changes to the way brokers and agents get paid are at the industry’s doorstep.
Consequently, T3 Sixty President and CEO Jack Miller and Executive Chairman Stefan Swanepoel have sent a letter to the industry, urging brokerages and service providers to “proactively prepare now to better serve consumers, reduce risk and smartly prepare for what could be next.”
Among their recommendations:
- The National Association of Realtors (NAR) should amend policy to require buyer’s brokers to have signed buyer broker representation agreements that clearly explain compensation terms before showing any MLS-listed property.
- Brokerages should require signed buyer agency agreements as soon as agents begin working with buyers.
- Educational and marketing materials from brokerages, companies, and agents should be developed to better explain the value a buyer agent provides.
Miller stressed the need for those in the industry to be prepared to discuss the compensation issue with constituents. “Implementing these recommendations will make the whole industry more resilient and improve service to consumers,” he said. The full letter can be viewed here.
About T3 Sixty
T3 Sixty is the leading management consultancy in the residential real estate industry with business units in brokerage, technology, mergers and acquisitions and organized real estate. The group also provides software and data, extensive research and reports, executive search and event management services. For more information, visit t360.com.
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Percentage of Female Professional Drivers Holding CDLs
“As with most anything in business, if you don’t measure it you cannot improve it,” said Jennifer Hedrick, president and CEO of WIT when reflecting on number of female professional drivers.
ARLINGTON, Va. (PRWEB)
July 10, 2023
Women generally possess strong multi-tasking and organizations skills, and typically are safe drivers. For these reasons along with the need for more professional truck drivers, there has been a significant increase in the number of female drivers for the past five years.
“As with most anything in business, if you don’t measure it you cannot improve it,” said Jennifer Hedrick, president and CEO of WIT when reflecting on number of female professional drivers. “This is why the WIT Index is so important to the industry. Given the mission of the Women In Trucking Association in part is to encourage the employment of women in the trucking industry, we need to keep monitoring the progress made in bringing more women to all roles in transportation, and continuously look for ways to help our member companies and the industry at-large to recruit and retain talented women in critical roles.”
In addition, the 2023 WIT Index found an average of 43.5% of overall dispatchers are women. This is an important related statistic, as dispatchers are managers of professional truck drivers’ schedules and ensure timely pick-ups and deliveries.
The WIT Index is the industry’s barometer to regularly benchmark and measure the percentage of women who are in leadership roles and functional roles such as professional drivers of heavy-duty trucks, dispatchers, technicians, safety, and HR/talent management. Initiated in 2016, the index is based upon reported statistics by companies in transportation, including for-hire trucking companies, private fleets, transportation intermediaries, railroads, ocean carriers, equipment manufacturers, and technology companies. The data involving the 2023 WIT Index was confidentially gathered from January through April of 2023 from 350 participating companies of various sizes operating in the trucking industry. Percentages are reported only as aggregate totals of respondents.
For more information on the WIT Index and to download a full executive summary of the 2023 WIT Index findings, visit https://www.womenintrucking.org/index.
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About Women In Trucking Association, Inc.
Women In Trucking Association, Inc. is a nonprofit association established to encourage the employment of women in the trucking industry, promote their accomplishments and minimize obstacles faced by women working in the trucking industry. Membership is not limited to women, as 17 percent of its members are men who support the mission. Women In Trucking is supported by its members and the generosity of Gold Level Partners: Arrow Truck Sales, Bridgestone Americas, Daimler Truck North America, DAT Solutions, FedEx Freight, Great Dane, J.B. Hunt Transport, Michelin North America, Navistar International, Inc., PACCAR, Penske Transportation Solutions, Ryder System, Walmart, and WM. Follow WIT on Twitter, Facebook, LinkedIn, Instagram, TikTok, and YouTube. For more information, visit http://www.womenintrucking.org or call 888-464-9482.
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FORT WORTH, TX, July 03, 2023 /24-7PressRelease/ — Bordered by Blue Mound Rd. West in Fort Worth, Blue Mound Business Park offers companies a variety of industrial spaces, including office warehouse spaces and shop spaces, that are ideal for growing companies in many industries.
RDS Vice-President Jim Eaton says, “We like small business that are looking for flexible space with room to grow.” With spaces from 900 sq. ft. to 20,000 sq. ft., Blue Mound Business Park is a great park for your business address.
If you’re interested in finding out more about any of the commercial spaces for lease available at the Blue Mound Business Park, Jim is at (817) 439-3224. If you are seeking the best commercial property lease Blue Mound offers, Jim is the person to call.
About RDS Real Estate
RDS Real Estate is a leader in leasing retail, office, warehouse, industrial space, and multi-use space in Tarrant County with properties located in Fort Worth, Haslet (Blue Mound/Alliance area), Arlington, Kennedale, and Haltom City. For information about any of their properties, contact Jim Eaton at (817) 439-3224, [email protected], or visit RDSRealEstate.com.
# # #
FRANKFURT, June 21 (Reuters) – A German bank that
finances property worldwide is bracing for a possible hit from
the U.S. office market this year as it looks for “solutions”
with clients to keep loans from souring, its chief executive
said.
Banks and regulators around the world have identified
commercial real estate as a weak link in global finance, with
low occupancy rates after the pandemic and a surge in interest
rates pressuring the sector.
Jochen Kloesges, CEO of German bank Aareal, said
the U.S. office market was challenging, though it should be seen
in shades of grey rather than black-and-white.
“The U.S. is dark grey. You have to be honest about it,” he
told journalists on Tuesday evening.
Aareal has a U.S. office loan portfolio of around 3.9
billion euros ($4.26 billion) across some 50 transactions.
Around 4% of the portfolio is so-called Stage 3 loans that are
at risk.
“It’s clear that individual cases can hit us in this
portfolio this year. This can result in risk provisions here and
there that are perhaps somewhat higher, or also considerably
higher, than we originally anticipated,” he said.
The bank has previously expected allowances for possible
loan losses this year of between 170 million euros and 210
million euros, but it has said it is comfortable if it exceeds
that level because it is generating healthy interest income.
Aareal has been working with customers over the past year to
deal with the sector’s weakness, Kloesges said.
“It is not our goal to make customers sweat. We try to find
solutions together,” he said.
Aareal will still meet its targets for the year, and the
other property sectors it finances, including hotels, retail and
student housing, are going strong, the CEO said.
($1 = 0.9157 euros)
(Reporting by Tom Sims; Editing by Sharon Singleton)
– The tool improves digital maintenance capabilities for operators.
– New system embeds more data and Machine Learning.
Paris, June 21, 2023 – Embraer Services & Support launched today the next generation version of AHEAD (Aircraft Health Analysis and Diagnosis) system, at the Paris Air Show. The tool helps airlines and customers to implement digital predictive maintenance on their E-Jet or Embraer Executive Jets fleets, using data to identify and predict potential issues before they become critical.
AHEAD integrates and analyzes trends from several systems such as engine parameters, pneumatics, hydraulics, landing gear, navigation, and instruments. The monitoring can detect anomalies and identify patterns that indicate potential issues and systems degradation, setting preventive action opportunities.
The system’s new version was developed using the expertise of Embraer Services & Support engineering which has 20 years of experience doing aircraft data analysis for predictive maintenance of E-Jets fleet. This solid knowledge was the base to implement 12 new reliability trends of aircraft systems for early degradation detection on E2; predictive capabilities powered with Machine Learning; and troubleshooting enhancement for Flight Controls No Dispatch.
“AHEAD uses predictive analytics solutions to forecast when maintenance tasks will be needed by our customers, allowing them to plan maintenance schedules in advance. By planning in advance, they can avoid unnecessary maintenance and reduce the time that aircraft spend on the ground. This helps our customers optimize their resources and improve operational efficiency”, says Johann Bordais, President & CEO, Embraer Services & Support.
Soon, Embraer Services & Support will release a new update, containing more reliability trends and tailored maintenance recommendations in real-time. Currently, more than 1,250 Embraer Commercial and Executive aircraft are using AHEAD worldwide.
About Embraer
Embraer is a global aerospace company headquartered in Brazil. It manufactures aircraft for Commercial and Executive aviation, Defense & Security, and Agricultural customers. The company also provides after-sales services & support through a worldwide network of wholly owned entities and authorized agents.
Since it was founded in 1969, Embraer has delivered more than 8,000 aircraft. On average, about every 10 seconds, an aircraft manufactured by Embraer takes off somewhere worldwide, transporting over 145 million passengers a year.
Embraer is the leading manufacturer of commercial jets with up to 150 seats and is the leading exporter of high-value-added goods in Brazil. The company maintains industrial units, offices, service and parts distribution centers across the Americas, Africa, Asia, and Europe. Embraer’s APAC headquarters is in Singapore, and its China headquarters is in Beijing.
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FORM 8.5 (EPT/RI)
PUBLIC DEALING DISCLOSURE BY AN EXEMPT PRINCIPAL TRADER WITH RECOGNISED INTERMEDIARY STATUS DEALING IN A CLIENT-SERVING CAPACITY
Rule 8.5 of the Takeover Code (the “Code”)
1. KEY INFORMATION
| (a) Name of exempt principal trader: | Investec Bank plc |
| (b) Name of offeror/offeree in relation to whose relevant securities this form relates:
Use a separate form for each offeror/offeree |
Ediston Property Investment Company plc |
| (c) Name of the party to the offer with which exempt principal trader is connected: | Investec are Broker for Ediston Property Investment Company plc, and Lead Financial Adviser for this review. |
|
(d) Date dealing undertaken: |
16th June 2023 |
| (e) In addition to the company in 1(b) above, is the exempt principal trader making disclosures in respect of any other party to this offer?
If it is a cash offer or possible cash offer, state “N/A” |
No |
2. DEALINGS BY THE EXEMPT PRINCIPAL TRADER
Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(b), copy table 2(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.
The currency of all prices and other monetary amounts should be stated.
(a) Purchases and sales
| Class of relevant security | Purchases/ sales | Total number of securities | Highest price per unit paid/received (pence) | Lowest price per unit paid/received (pence) |
|
Ordinary Shares |
Purchase |
60,600 |
60.4 |
60.272 |
|
Ordinary Shares |
Sales |
7,500 |
62.4 |
61.2 |
(b) Cash-settled derivative transactions
| Class of relevant security | Product description
e.g. CFD |
Nature of dealing
e.g. opening/closing a long/short position, increasing/reducing a long/short position |
Number of reference securities | Price per unit |
(c) Stock-settled derivative transactions (including options)
(i) Writing, selling, purchasing or varying
| Class of relevant security | Product description e.g. call option | Writing, purchasing, selling, varying etc. | Number of securities to which option relates | Exercise price per unit | Type
e.g. American, European etc. |
Expiry date | Option money paid/ received per unit |
(ii) Exercise
| Class of relevant security | Product description
e.g. call option |
Exercising/ exercised against | Number of securities | Exercise price per unit |
(d) Other dealings (including subscribing for new securities)
| Class of relevant security | Nature of dealing
e.g. subscription, conversion |
Details | Price per unit (if applicable) |
3. OTHER INFORMATION
(a) Indemnity and other dealing arrangements
| Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the exempt principal trader making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none” |
(b) Agreements, arrangements or understandings relating to options or derivatives
| Details of any agreement, arrangement or understanding, formal or informal, between the exempt principal trader making the disclosure and any other person relating to:
(i) the voting rights of any relevant securities under any option; or (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced: If there are no such agreements, arrangements or understandings, state “none” |
| Date of disclosure: | 19th June 2023 |
| Contact name: | Rich White |
| Telephone number: | +44 207 597 5462 |
Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.
The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s dealing disclosure requirements on +44 (0)20 7638 0129.
The Code can be viewed on the Panel’s website at www.thetakeoverpanel.org.uk.
