News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

Ukraine and Libya conflicts microcosms for upending today's world order

Morgan Marketing & Communications

Speakers JASON PACK ( Senior Analyst at the NATO Foundation and President of Libya-Analysis LLC ) and Ambassador Jonathan Winer (Former US Special Envoy to Libya and Non Resident Fellow at the Middle East Institute) will be illuminating today's dis-order in today's geopolitics at the National Press Club in Washington, DC on the occasion of the launch of Mr. Pack's new work, Libya and the Global Enduring Disorder, being held on Monday, April 11th from 3-5PM in the Zenger Room. The world seems to have gone directly from a hegemonic US-led international system to an interregnum in global order. The traditional phase of multipolarity—or a restoration of the balance of power, or even a struggle among rival systems of order, has been skipped. Jason Pack's Libya and the Global Enduring Disorder (Hurst/Oxford University Press) presents the Libya and Ukraine conflicts as an ideal microcosms for examining the collective action failures typical of our new geopolitics. Jonathan Winer's Afterword contextualizes what the Libya conflict reveals about today's international arena. Their talk is an examination of the current state of the world and American and Western policy towards key geostrategic hotspots framed in light of Jason Pack's Enduring Disorder concept. Broadening out from the discoveries of his core research on Libya, he will discuss how the West's response to the Ukraine crisis highlights where today's geopolitics seem to be headed -- bringing into sharp focus the need for a Western-led, rules-based global order. For more background on the book's main argument and its applicability to the current Ukraine crisis consult, Jason's recent pieces in New Lines Magazine Why Putin Is Playing Poker, Not Chess or with Foreign Policy ' Libya’s Chaos Is a Warning to the World '. For Mr Pack's, argument for a more robust transatlantic approach to order the current disorder, see his: When the US shrinks from the stage, things fall apart --- lead article Boston Globe IDEAS Section. For more information on the event, go to https://www.press.org/events/ukraine-libya-and-global-enduring-disorder Morgan Marketing and Communications is a client-based, retained marketing and communications agency in the maritime industry committed to providing its clients with the highest quality professional marketing and communications services available. Our mission is to partner with our clients to meet their needs, and exceed their goals. Contact Details Morgan Marketing & Communications Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://morganmarketcomm.com/

April 05, 2022 04:12 PM Eastern Daylight Time

Article thumbnail News Release

CSG SYSTEMS INTERNATIONAL TO HOLD FIRST QUARTER 2022 EARNINGS CONFERENCE CALL ON MAY 4

CSG

DENVER, Apr. 5, 2022 - CSG ® (NASDAQ: CSGS) invites you to participate in a conference call on Wednesday, May 4, 2022 at 5:00 p.m. ET to discuss the company's first quarter 2022 earnings results. The conference call will feature CSG president and chief executive officer Brian Shepherd and CSG chief financial officer Hai Tran. To reach the conference, call 1-888-412-4131 and use the passcode 2327393. Click here to join a webcast of CSG’s earnings call in live or archived format. About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

April 05, 2022 02:01 PM Mountain Daylight Time

Article thumbnail News Release

ReadySet Raises $29M for a SQL Caching Engine that Empowers Developers to Build Performant, Real-Time Applications

ReadySet

ReadySet announced $24M in Series A funding today led by Index Ventures with participation from Amplify Partners and several angels including Guillermo Rauch, Spencer Kimball, Adam Gross, Jason Warner, and Yury Izrailevsky. With the funding, ReadySet will deliver the first version of its cloud product and continue to expand its team. The company previously raised a $4.9M round led by Amplify Partners last year. ReadySet was co-founded by Alana Marzoev and Jon Gjengset, and is based on their MIT PhD work on the popular open research project, Noria. ReadySet aims to productionize and expand upon the breakthrough technology introduced by this research. “Historically, websites have gone down at the least opportune time for the business - think Cyber Monday for eCommerce. ReadySet helps companies overcome the data layer growing pains associated with rapid growth and business demand,” said Bryan Offutt, partner at Index Ventures. “The technology was developed over the past decade at MIT, with clear market demand. We’re thrilled to partner with Alana and Jon to deliver a commercial version to developers worldwide.” ReadySet provides a drop-in solution to the database performance problems that often arise when a company is in a phase of rapid growth, such as when dealing with large datasets, complicated queries, or high request volumes. To mitigate this problem today, developers must build in-house solutions based on custom query caching systems and read replica hierarchies. The resulting systems are complex, expensive, and prone to failures and outages. “Our investors are betting on the continuous need for companies to deliver ever-changing content quickly while servicing large and globally distributed user bases,” said Alana Marzoev, ReadySet co-founder and CEO. “ReadySet serves SQL query results globally in the same way that traditional CDNs serve static content such as images. You can think of a multi-region ReadySet deployment as being a CDN for your database.” At its core, ReadySet accelerates queries via a novel SQL caching engine that keeps cached state up-to-date automatically while supporting millions of reads per second with sub-millisecond latencies on a single node. ReadySet slots in front of existing relational databases and is wire-compatible with MySQL and Postgres so it can be integrated into existing applications without code changes. About ReadySet: Founded by MIT data systems researchers, ReadySet is a database acceleration company that helps developers build performant and real-time applications. Backed by Index Ventures, Amplify Partners, and Sequoia Capital, ReadySet is a remote-first company with offices in multiple US cities. About Index Ventures: Index Ventures is a venture firm investing in the next generation of entrepreneurs from seed to IPO. We partner with founders with bold dreams that challenge the status quo to build enduring companies. With offices in San Francisco & London, we invest in entrepreneurs all over the world. Generational Index-backed companies include Confluent, Datadog, Discord, Elastic, Starburst, Temporal and Roblox. Contact Details Owen Media Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website http://readyset.io

April 05, 2022 01:00 PM Pacific Daylight Time

Article thumbnail News Release

Russians Attack and Sink Dominican Registered Cargo Vessel in Mariupol

COPE

The Commonwealth of Dominica Maritime Administration reports that motor vessel AZBURG IMO number 9102899 Call Sign J7BG6 MMSI number 325116200 was indiscriminately attacked, sank and completely destroyed while at berth in Mariupol, Ukraine. The vessel was struck by two missile shells while at berth in the port of Mariupol, Ukraine on 3 rd of April 2022 at 11:36 UTC. On 4 th April 2022, around 22:40 LT the vessel was heavily fired upon by Russian armed forces after intentionally shelling the vessel twice a day earlier. Specific characteristics of firing on the vessel remain unknown, crew reported shelling, bombing and repeated hits by missiles, causing a fire in engine room. Further reports of heavy fighting and intensive shelling in the port area by Russian armed forces were received by the Administration On 4 th April 2022, the Commonwealth of Dominica Maritime Administration received information that as a result of the attack and spreading fire, m.v. AZBURG sank at berth 16 in the port of Mariupol Port, Ukraine. The crew managed to evacuate and found refuge on board of neighboring vessels. One person was found wounded and received medical assistance. The crew currently remains under an immense amount of fear and stress and needs to be evacuated to a safe area immediately. No further information is available, communication with people in the area is very difficult. The Commonwealth of Dominica Maritime Administration urges the Russian Federation to withdraw its forces from Ukraine and respect its obligations under relevant international treaties and conventions. The immediate evacuation of all civilians from the port of Mariupol, including the entire crew of mv Azburg, should be organized with the highest degree of priority and urgency. The Commonwealth of Dominica Maritime Administration furthermore wishes to emphatically point out the current risks the crew and the environment is facing. People are facing the risk and reality of loss of life and/or serious injury and are likely to be deeply traumatized by the current events. On top of that, current events are seriously damaging the marine environment. Normal safety requirements and (port) emergency response plans are currently not fully operational or completely absent. Medical emergencies, firefighting operations, oil spill response, abandon ship and safe navigation is currently not sufficient or not possible at all. We urgently call upon all relevant UN, governmental and industry bodies to take immediate and direct action to address this serious issue for health and wellbeing of humans, the safety and security of shipping and the prevention of marine and atmospheric pollution by ships. All efforts to speed up establishing humanitarian corridors, as decided upon during the thirty-fifth extraordinary session of the Council, should be taken and executed with the highest degree of priority and urgency. Resulting in enabling the safety of seafarers by allowing them to leave the conflict zone immediately. Eric R. Dawicki, Deputy Administrator of Maritime Affairs of the Commonwealth of Dominica Maritime Administration states: “ An act of war is an act of cowards, bullies and fragile men. The indiscriminate shelling of a merchant vessel with a civilian crew with no place to seek refuge is the lowest of lows. It is an act of war against all of humanity and basic human rights. This Administration deplores these attacks on a Commonwealth of Dominica flagged vessel and insists that the emotionally and intellectually stunted men behind this heinous act look themselves closely in the mirror and discover how to end such senseless motives. There is nothing good that comes out of war – NOTHING!” Contact Details COPE Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com Company Website https://dominica-registry.com/

April 05, 2022 02:12 PM Eastern Daylight Time

Article thumbnail News Release

Our Culture of Silence is Hurting Our Kids: How to use everyday moments to talk to kids about safety and sexual abuse

YourUpdateTV

Many parents know it’s important to talk with their children about sexual abuse but aren’t sure what to say. How do you find the right words and moments to talk with kids about their safety? One organization has developed an easy way for parents to talk to their children about in-person and online safety. Recently, VP of Education, Research, and Impact at Committee for Children & Mom of 2, Dr. Tia Kim, participated in a satellite media tour campaign to talk about how and when parents can start having these critical safety conversations. A video accompanying this announcement is available at: https://youtu.be/LVgUtn9B1uU The Journal of Adolescent Health reports that 1 in 4 girls, and 1 in 20 boys report experiencing sexual abuse before the age of 18. And, according to The Department of Health & Human Services, children under the age of 9 are most likely to be abused. Experts agree, informed children are less likely to be abused, and those who feel comfortable talking openly with a caring adult are more likely to disclose abuse if it happens. In support of National Child Abuse Prevention Month, Committee for Children is launching its fifth annual Hot Chocolate Talk campaign to help families start conversations with their children about personal and digital safety. “When parents communicate safety rules with children early and often, they create environments where kids feel comfortable asking questions and having difficult conversations, such as disclosing abuse,” says Dr. Kim. The “ Hot Chocolate Talk” how-to guides are designed to help make an admittedly awkward conversation feel as warm and comfortable as a mug of hot chocolate, showing parents and caregivers how to use everyday moments as touchpoints for these important safety talks. “We know child sexual abuse can be a challenging subject to navigate. The Hot Chocolate Talk How-to Guides help parents and caregivers take the guesswork out of knowing what to say and when to say it,” says Dr. Kim. “A shared treat can help create a more comfortable atmosphere. We encourage families to sit down over a cup of hot chocolate and start the conversation today.” Families can download the free How-to Guide at HotChocolateTalk.org, along with a variety of approachable, research-based resources that include guidance on how to respond to disclosure and how to identify signs of abuse. Tia Kim, PhD Bio: Vice President of Education, Research, and Impact. Dr. Tia Kim is a developmental psychologist, a parent-child relationship expert, and a mom of two. She believes in a strong family foundation, open lines of communication, and the critical role that parent-child relationships play in children’s safety and well-being. With her experience as a parent, education research scientist, and psychologist, Dr. Kim aims to provide families with simple, research-based tips and insights to help them start conversations about child safety. Dr. Kim began her career in academia but later decided she wanted to see her research in action helping children and youth. Today, she leads Committee for Children’s team of research scientists to develop and evaluate the quality, effectiveness, and impact of the organization’s social-emotional learning programs and family engagement work, including this year’s child sexual abuse prevention campaign, Hot Chocolate Talk. Dr. Kim received her doctorate in developmental psychology at the University of California, Riverside, and completed three years of post-doctoral training at the National Academic Centers of Excellence in Youth Violence Prevention. Before joining Committee for Children, she served as an assistant professor in human development and family studies at Penn State Brandywine. About Committee for Children: Committee for Children is a global nonprofit on a mission to ensure children everywhere can thrive emotionally, socially, and academically. Our founders designed our first program, Talking About Touching, to empower children to recognize, refuse, and report sexual victimization. We’ve broadened our scope throughout the past four decades to include bullying prevention programs, and today we’re best known for our innovative Second Step® social-emotional learning programs. Second Step programs blend research and rigor with intuitive design and reach more than 16.5 million children worldwide. Learn more about the work we do at cfchildren.org. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

April 05, 2022 02:00 PM Eastern Daylight Time

Video
Article thumbnail News Release

ShipIn Systems Secures Funding for Innovative Visual Fleet Management Platform from Munich Re Ventures

ShipIn

ShipIn Systems, the world’s first Visual Fleet Management Platform, today announced an investment by Munich Re Ventures, the venture capital arm of Munich Re Group, one of the world’s leading providers of reinsurance, primary insurance, and insurance-related risk solutions. “By partnering with Munich Re Ventures, we are helping to build a safer and more productive future for the maritime industry,” said Osher Perry, Co-Founder and CEO of ShipIn Systems. “The reality is that as ships are getting bigger, crew are getting smaller. ShipIn’s mission is to give seafarers the advanced digital tools required to do their jobs better and fleet managers the experience and benefits of working ‘shoulder-to-shoulder’ with their seaborne teams. We believe every ship will have Visual Fleet Management in the near future.” By deploying AI-powered cameras and real-time visual analytics, ShipIn proactively alerts shipowners, managers, and seafarers to onboard anomalies around bridge activities, safety and security, cargo operations and maintenance. With real-time notifications, benchmarking of vessel performance, and remote audits, ShipIn delivers a reduction of 40% in incidents and increase of cargo operations efficiency by 8%, directly improving financial performance of global fleets. "By investing in ShipIn, Munich Re Ventures has clearly shown their belief in the platform and the power it has to reduce incidents onboard ships, making voyages safer with AI technology,” said Dr. Kirsi Tikka, ShipIn Advisor and Maritime Leader. “I can foresee a future where having ShipIn onboard may reduce the cost of insurance for ship owners and will benefit the insurance industry as well." The maritime industry transports more than 90% of the world’s goods and energy, accounting for $14 trillion in world trade. The partnership with Munich Re Ventures will support ShipIn’s expansion, broadening access to Visual Fleet Management for fleets worldwide. “ShipIn’s patented platform brings the vision and capability to support the broader digitalization of the marine and cargo shipping industry,” said Timur Davis, Investment Principal, Munich Re Ventures. “We see this trend as an important enabler for marine organizations to make more informed decisions in managing assets at sea. Munich Re Ventures looks forward to collaborating with ShipIn to reduce incidents on a ship, improve overall safety and operations, and ensure effective and timely resolution to on-board incidents.” With more than $1 billion in assets under management, Munich Re Ventures invests in the most innovative startups engaged in developing new technologies and business models that will transform the future of risk and risk transfer. With its inaugural maritime investment, Munich Re Ventures supports a future of marine insurance and reinsurance driven by ShipIn’s innovative AI solutions to de-risk the future of transportation. “It’s clear to see the potential in ShipIn’s advanced AI technology for the maritime industry.” said Ronald Kargl, Chief Underwriting Officer for Marine Reinsurance, Munich Re. “We’re excited to see a solution that can make shipping safer for all onboard.” ShipIn Systems is the world’s first Visual Fleet Management Platform, enabling seamless ship-to-shore collaboration for maritime fleets. By deploying AI-powered cameras and real-time visual analytics, ShipIn’s platform proactively alerts shipowners, managers, and seafarers to onboard anomalies, reducing incidents onboard and increasing cargo operations efficiency. Creating a digital bridge between ship and shore, ShipIn provides objective insights into safety, security, cargo operations, maintenance, and more. With all tracking rolling up to an analytics dashboard, the platform makes it easy to benchmark performance, conduct remote audits, and improve the operational ROI of your entire fleet. Learn more at ShipIn.ai. Contact Details ShipIn Carleen Lyden Walker +1 203-260-0480 c.walker@morganmarketcomm.com

April 05, 2022 12:50 PM Eastern Daylight Time

Image
Article thumbnail News Release

Telos Hires World’s First NFT Curator In Crypto

Telos Foundation

To further the ambitions of growing Telos into the go to Layer 1 for NFT’s, Telos has hired the world’s first NFT curator in crypto, The Big Gooey (or TBG). TBG will lead efforts by supporting the art world and building a truly vibrant Telosian Collection on an NFT ecosystem that is powered by Byt and the tEVM. This next level NFT ecosystem is going to enhance the end user experience with ludicrous speeds, inexpensive fixed gas fees, zero congestion and absolutely no front running. NFT enthusiasts are destined to appreciate the enhanced user experience that is being powered by the world's fastest EVM (tEVM). NFT Ecosystem Synergy TBG - World’s first NFT curator Byt - World’s most successful NFT dApp tEVM - World's fastest (instant transactions), most inexpensive (fixed nano sized gas fees), congestion-less, truly decentralized, no front running, and most energy efficient EVM The Big Gooey hails from the rain-soaked West Coast of Canada. Gooey has been working as a full-time artist in the crypto space. His art has appeared on multiple blockchains from Fast Food Frens (ETH) to Zillaz (SOL). His pixel art style is inspired by the super Nintendo golden era of games and early arcade classics. TBG was one of the artists who brought NFTs to Telos, he’s woven himself into the fabric of the Telos ecosystem, and he builds a community wherever he goes. TBG won an adoring audience with Doug’s Donuts, and the upcoming TelosPunks is set to change the rules of what an NFT can be. “I personally believe that nothing monumental can ever take shape without passion for the subject. In this case that subject is an NFT ecosystem and the passion for this subject is not only prevalent with TBG, but also absolutely contagious.” Justin Giudici, Acting CEO at Telos Foundation Telos is making a strategic push into the booming NFT market. TBG will help lead the community end of the new Telos and Byt partnership. The partnership is also planning a major competition to bring NFT creation to the masses. Telos plans on integrating NFTs as an integral component of the developer and application community. TBG will work with artists and creators to make Telos NFTs their first-choice media. “There are bright things ahead,” said TBG, “I’m several collections this year. I’m committed to the idea that Telos' ethos of equal and fair access to finance is the future of how working-class people can better generate wealth.” The Big Gooey, NFT Curator About Telos Telos Blockchain (ticker: Tlos) is a third-generation smart contract platform that offers compatibility with Solidity, Vyper and Native C++ smart contracts. Telos provides full EVM/Solidity support with fixed low-cost gas fees and no front running. Uniquely, Telos also offers a path to fee-less transactions via its robust native C++ smart contract support (also w/ no front running). The chain can sustainably support hundreds of millions of transactions per day, it produces blocks in 0.5 second intervals on a first-in-first-out basis (eliminating front running on the network) and the network is securely validated by an equitably sized and globally decentralized block producer network. The Telos Blockchain has the throughput needed to facilitate and scale the thriving Metaverse / Web 3.0 better than any other blockchain. Its performance is unrivaled in the industry and was purpose-built to offer speed, scalability, cost-effectiveness, true decentralization, and end-user fairness. Harnessing its power from utilizing tight C++ on the frontend and a custom WASM runtime environment on the backend, Telos, is exactly what Elon Musk recently described to be the best: Read Tweet Here About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

April 05, 2022 10:07 AM Eastern Daylight Time

Video
Article thumbnail News Release

Coalition Inc. and Comodo Partner to Provide Comprehensive Cybersecurity Protection

Comodo

Comodo Security Solutions, a leading provider of endpoint protection, today announced that they have partnered with Coalition Inc. to provide their customers with a comprehensive endpoint security and cyber insurance solution. This partnership will help organizations to protect against cyberthreats and undertake a more holistic security risk management strategy. With the average cost of a successful attack on small and medium businesses escalating to an average of $160,000 per incident, cyber risk is an increasingly problematic business risk, and prevention and protection is key. Comodo has partnered with Coalition to offer customers a proactive cybersecurity solution that encompasses all aspects required to prevent cyber incidents, including ransomware, before they occur. Comodo’s Advanced Endpoint Protection (AEP) is the only solution that prevents 100% of ransomware and other malware before any damage is done. Because endpoints are the entry point for virtually all malware attacks, Comodo AEP utilizes a patented virtual isolation capability which isolates unknown files and code in a protective container until it is determined to be 100% safe. Comodo AEP is the only endpoint security solution that applies Zero Trust principle of ‘Never Trust; Always Verify’. “Cybersecurity protection is critical for all organizations, particularly as the costs of being hit with a cyberattack are escalating and putting more pressure on companies,” said Douglas Bailey, EVP of Global Partnerships at Comodo. “We are excited to be partnering with Coalition to give peace of mind to organizations by offering them a comprehensive solution that combines the best in endpoint protection with a leading cyber insurance solution.” “We are pleased to be partnering with Comodo as they offer one of the top endpoint security solutions available on the market,” said Matt Dort, Strategic Alliances at Coalition Inc. “Customers will have access to end-to-end protection from Comodo that will help them to prevent cyberattacks, as well as benefit from comprehensive cyber insurance from Coalition if needed.” For more information, visit www.comodo.com or www.coalitioninc.com. About Coalition Coalition is the leading provider of cyber insurance and security, combining comprehensive insurance and proactive cybersecurity tools to help businesses manage and mitigate cyber risk. Coalition’s cyber risk management platform provides automated security alerts, threat intelligence, expert guidance, and cybersecurity tools to help businesses remain resilient in the face of cyber-attacks. For more information, visit https://www.coalitioninc.com/. About Comodo Headquartered in Bloomfield, NJ, Comodo’s mission is to help customers avoid breaches with groundbreaking isolation technology that fully neutralizes ransomware, zero-day malware, and cyber-attacks that other security providers can’t do. We deliver active breach prevention with patented auto containment technology. Our Unified Endpoint integrates this technology with critical components like our highly rated advanced endpoint protection, endpoint detection and response, and endpoint management to offer a single cloud-accessible Active Breach Protection solution. Comodo’s SOC-as-a-Service team makes the solution a frictionless, high-security implementation. For more information, visit https://www.comodo.com/. Contact Details Nicole Baker +1 888-551-1531 nicole.baker@comodo.com Company Website http://www.comodo.com

April 05, 2022 10:00 AM Eastern Daylight Time

Article thumbnail News Release

Neighborhood Sun Launches Community Investment Campaign on Wefunder to Support Company’s Rapid Growth Enabling Clean Energy Access to All through Solar

Neighborhood Sun

Neighborhood Sun, a community solar company making affordable solar accessible to all through its advanced community solar software platform, Sun Engine (™), today announced a community investment campaign to raise additional funds to expand on the success and positive social and environmental impact it achieved in 2021. Community solar allows anyone who pays an electric bill to access the same benefits as rooftop solar without installing any equipment or paying upfront costs. Neighborhood Sun believes it’s essential that all stakeholders have an equal opportunity to support community solar, which is why the company is offering the same terms publicly to its community members, customers and the general public as it did to private investors. More details about the opportunity and Neighborhood Sun can be found at wefunder.com/neighborhoodsun. “2021 was a significant growth year for the company,” said Gary Skulnik, Neighborhood Sun’s CEO and Founder. “We see this investment opportunity as a way for the community to grow with us and support our planet-first, people-powered business whose mission is to bring solar to everyone.” The company dramatically increased the total value of its booked contracts from around $1 MM to more than $28 MM in just one year, and its recurring revenue from customer management jumped 343%. Additionally, the company has built a strong pipeline of future projects worth over $75 MM. “We’ll be using the funds raised to expand into new markets, grow the senior management team and further innovate our proprietary software platform for customer management,” continued Skulnik. The company previously completed a successful crowdfunding round on the Wefunder platform that closed last year. Neighborhood Sun is a Certified B-Corporation, meeting the highest environmental, community, governance and employee standards in the business and was recently awarded a prestigious “Best for the World – Environment” award. In December of last year, Neighborhood Sun merged with Astral Power, a New York-based provider of access to locally produced clean energy. Together, the combined platform manages and has acquired more than 130 megawatts of community solar and virtual net-metered renewable energy projects and customers, enough to power more than 15,000 homes across the country. About Neighborhood Sun Neighborhood Sun is committed to bringing the promise of solar to all – not just the select few. The Certified B Corporation is a national leader in expanding solar access to underserved communities to address energy equity. Through its SunEngine ™ advanced software platform, it offers a flexible, secure and fully transparent platform for solar developers or asset owners, plus a simplified enrollment experience for customers. For more information, go to www.neighborhoodsun.solar Contact Details Wilkinson + Associates Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates Company Website https://neighborhoodsun.solar

April 05, 2022 09:05 AM Eastern Daylight Time

1 ... 475476477478479 ... 637