Month: July 2022

Freshworks expands its unified customer record architecture with the addition of Freshchat, helping support agents, marketers and sales teams engage customers across multiple messaging channels in a single platform

SAN MATEO, Calif., July 20, 2022 (GLOBE NEWSWIRE) — Freshworks Inc., (NASDAQ: FRSH), a software company empowering the people who power business, today announced its Summer ‘22 Product Launch – a collection of customer and employee engagement innovations to power smarter conversations everywhere.

Now available in Freshworks Summer ’22 Product Launch – Freshchat™AI bot-assisted conversational messaging joins Freshmarketer™ and Freshsales™ on the Freshworks’ unified customer record architecture. This collection improves customer engagement by unifying messaging channels on a single platform for more intelligent and more productive interactions between customers and employees.

“The better you know your customers, the more you will delight them, and the faster they will come back for more,” said Prakash Ramamurthy, Chief Product Officer at Freshworks. “Conversational engagement is at the heart of customer interactions and Freshworks delivers a powerful data platform across sales, marketing and support so customers and employees can have smarter, faster conversations.”

The Freshworks Summer ‘22 Product Launch is designed to make work easier, more productive and more delightful, with automation that is easy to use and fast to implement through AI that is natively built-in, not bolted on. Major product updates over the last six months include:

Modern Messaging and Customer Engagement: powered by Freshchat

• Enhanced Unified Customer Record (UCR) brings together Freshmarketer, Freshsales and Freshchat to equip agents with complete customer context across support, sales, and marketing teams. What was first announced in April as an e-commerce solution for Shopify merchants is available now for all companies and segments. Pre-built Freshchat playbooks help agents get chatbots up and running faster on their messaging channels of choice, including Instagram, WhatsApp, Apple Business Chat, and SMS.

Customer Relationship Management for e-commerce: powered by Freshmarketer

• Freshmarketer for Shopify packages marketing automation, multichannel campaigns, and conversational marketing (via live chat and bots). Equipped with Shopify-specific playbooks, companies can get up and running fast with advanced segmentation, targeting, marketing campaigns, and reporting for all stages in the customer journey.

Omnichannel Customer Support: powered by Freshdesk

• Extended customer support to telephony providers helps companies streamline conversations from voice to messaging. Freshdesk Omnichannel integrations are now available for most widely-used platforms so customers can bring in their own provider and optimize investments in their existing voice communications software.
• New workforce management capabilities through an integration with Injixo allows businesses to better manage their customer support team with Freshdesk. This update allows businesses to forecast workload across channels, make well-informed staffing and scheduling decisions, and automate workforce planning.
• New messaging integrations for Instagram DMs and Twilio SMS are made possible by the Freshworks Neo Platform. No-Code Custom Objects allows businesses to bring their own unique business data to Freshdesk.

IT Service Management: powered by Freshservice

• Enhanced On-Call Management capabilities help businesses provide 24/7 agent availability across IT service desk and operations teams by increasing or decreasing the scale and intensity of escalation based on incident priority.
• Improved Alert Management 2.0 increases efficiency with an expanded set of out-of-the-box application monitoring integrations, ML automated alert grouping and email alerts.

Based upon an internal review of aggregated data of customers using Freshdesk and Freshchat in 2021, customer service agents that used Freshchat AI-powered bots saved over 37 hours per interaction or had an improvement of 94% in Average Resolution Time compared to businesses that use only Freshdesk support desk.

Freshworks customer and multi-product user Ron Davis, IT manager at Mimeo, said, “Freshworks has provided us with a modern, user-friendly and flexible solution that has revolutionized the service that we’re able to provide to our customers. These new custom solutions are easy to fold into our integrated systems, allowing us to continue improving our capabilities and better serve the thousands of businesses, schools, and individuals around the world that we work with so they can print better.”

To learn more about the Freshworks Summer ‘22 Product Launch, visit the Freshworks website here.

About Freshworks
Freshworks Inc. (NASDAQ: FRSH) makes business software people love to use. Purpose-built for IT, customer support, sales and marketing teams, our products empower the people who power business. Freshworks is fast to onboard, priced affordably, built to delight, yet powerful enough to deliver critical business outcomes. Headquartered in San Mateo, California, Freshworks operates around the world to serve more than 58,000 customers including Bridgestone, Chargebee, DeliveryHero, ITV, Klarna, Multichoice, OfficeMax, TaylorMade and Vice Media. For the freshest company news visit www.freshworks.com and follow us on Facebook, LinkedIn and Twitter.

Media Contact:
Erika Howard
pr@freshworks.com

Honor is fourth consecutive E+E win for software provider’s digital solutions

TORONTO, July 20, 2022 (GLOBE NEWSWIRE) — Leading global enterprise EHS (Environment, Health, and Safety) software provider, Cority, was recognized with a Top Product of the Year Award from Environment + Energy Leader for the fourth consecutive year. This year, Cority won with its Sustainability Performance Solution. Cority has won previously for its Waste Management Solution, Emission Inventory Site Diagram, Environmental Management System, and waste management implementation with Cority customer, Central Arizona Project (CAP).

For the past decade, the Environment + Energy Leader Awards have recognized excellence in products and services that provide companies with energy and environmental benefits.

Cority’s Sustainability Performance Solution helps organizations holistically manage and measure initiatives, aggregate data across the enterprise, track progress toward goals, improve sustainability outcomes, and create transparent, accurate reports for internal and external stakeholders.

“Cority products that have earned prestigious E+E wins represent the diverse offering of our speed-to-value digital platforms that enable clients to improve sustainability agendas and reduce their footprint,” said Krystal Truax, Cority’s director of product management for environmental and sustainability solutions. “By measuring, evaluating, and managing sustainability performance in a verifiable way, Cority’s technology ensures that its users meet evolving EHS performance expectations from financial markets, regulators, employees, and society at large.”

Cority’s Sustainability Performance Solution also provides insights to identify and inform better business decisions. For example, a global manufacturer of warehouse equipment uses Cority to track sustainability metrics across its entire value chain. In doing so, the company created synergies across internal reports, thus, allowing decision makers to gain insight across its entire corporate footprint, enable accurate greenhouse management reporting, and inform energy usage and greenhouse emissions (GHG) goals.

Another Cority customer, a large oil and gas company, uses the software to track waste pickup schedules, volumes, and streams. By doing so, it can more accurately determine how often waste pickups need to be performed, enabling the company to reduce transporter emissions. The data also helps the company identify ways to reuse and recycle waste, resulting in less waste and reduced waste emissions.

In choosing award winners, judges evaluated products, in part, based on their ease of use, efficiency, and reliability. They also sought products that provided clear, substantial benefits and that have viable attributes that set them apart from others. The Cority Sustainability Performance Solution is innovative in that it is uniquely positioned to grow with a customer as an organization’s sustainability program matures.

“As part of CorityOne, the company’s integrated EHS SaaS-based platform, our Sustainability Performance Solution enables companies to evolve and scale with the technology – from built-in best practices and standards that help companies get started, to advanced capabilities necessary to manage complex operational data and programs,” Truax said.

Cority’s consecutive Top Product wins indicate that the E+E program’s expert judges consider Cority’s solutions as top models of the exemplary work being done today in the fields of energy and environmental management.

Of Cority’s Sustainability Performance Solution win this year, judges wrote, “This software platform provides a way to consolidate data from various sources, which will help any user analyze at-a-glance trends and results over time.”

Media Contact: Meredith Schweitzer // mschweitzer@66and.co // 347-698-9196

###

About Cority

Cority gives every employee from the field to the board room the power to make a difference, reducing risks and creating a safer, healthier, and more sustainable world. For over 35 years, Cority’s people-first software solutions have been built by EHS and sustainability experts who know the pressures businesses face. Time-tested, scalable, and configurable, CorityOne is the responsible business platform that combines datasets from across the organization to enable improved efficiencies, actionable insights, data-driven decisions, and more accurate reporting on performance. Trusted by over 1300 organizations worldwide, Cority deeply cares about helping people work toward a better future for everyone. To learn more, visit http://www.cority.com/.

About the Environment + Energy Leader Awards

For the past decade, the Environment + Energy Leader Awards have celebrated excellence in the world of environmental, sustainability, and energy management. Award winners are truly buzz-worthy, and companies that sport a Top Project or Top Product of the Year Award badge are known to be the best of the best. When other companies are seeking a sustainability or energy management solution, they know that E+E Product of the Year Award winners offer a significant group of products, vetted by experts, to peruse for help in making their decisions. Project of the Year Award winners are known to illustrate how sustainability and energy management projects can successfully help other companies improve the bottom line.

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Long-time Nexus Engagement and Nexus Origination customer implements Nexus Closing to provide an end-to-end, single sign-on experience for homebuyers

LEHI, Utah, July 20, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the United States’ leading homeownership platform for loan officers (LOs), borrowers, real estate agents and settlement agents, today announced that OSB Community Bank, a subsidiary of Ottawa Bancorp, Inc. (OTCQX: OTTW), has implemented SimpleNexus’ Nexus Closing™ to facilitate hybrid closings. The bank will leverage Nexus Closing alongside Nexus Engagement™ and Nexus Origination™— tools the bank has used for six years — to facilitate a ‘from anywhere’ borrower experience from application to closing.

Founded in 1871, OSB Community Bank is an Illinois-chartered commercial bank with loan officers operating out of branches in Ottawa, Marseilles and Morris, Illinois. Director of Mortgage Sales Dan Sabol credits SimpleNexus’ robust platform of digital mortgage solutions as playing an important role in OSB Community Bank’s ability to grow annual mortgage volume from $12 million to $125 million over the past six years.

“SimpleNexus provides a modern, easy-to-use interface for customers, while helping our LOs give homebuyers the personalized service that OSB Community Bank has prided itself on for more than a century,” said Sabol. “More than offering our customers a unified financing experience, Nexus Closing’s seamless integration with Nexus Engagement and Nexus Origination will enable us to operate in a more organized, efficient and productive manner.”

Nexus Engagement helps lenders and real estate agents develop relationships with early-stage homebuyers through tools such as integrated home search, instant chat and payment calculators. Nexus Origination is a comprehensive point of sale (POS) platform that enables borrowers to fill out loan applications, eSign documents, check loan status updates and pay mortgage-related charges through a feature called Nexus Pay. Nexus Closing supports all types of mortgage closings, from traditional to hybrid to full eClosings. The entire SimpleNexus suite can be accessed by borrowers, lenders and other authorized stakeholders from anywhere through a single, sign-on portal.

“For organizations producing billions of dollars in mortgage volume to community lenders like OSB Community Bank, SimpleNexus curates a frictionless homebuying experience that delights borrowers and promotes operational efficiency from start to finish,” said SimpleNexus Chief Product Officer Shane Westra. “OSB Community Bank brilliantly models how SimpleNexus can be used to keep LOs, real estate agents and homebuyers connected throughout the loan lifecycle, while achieving faster conversion times and growing origination volume.”

About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com

David Bolin
SimpleNexus
+1 414.688.6077
dbolin@simplenexus.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

Both Ladies and Gold Cup Championships Were Hosted at Historic Cowdray Park Polo Club

WEST PALM BEACH, Fla. & MIDHURST, England, July 20, 2022 (GLOBE NEWSWIRE) — U.S. Polo Assn., the official brand of the United States Polo Association (USPA), again served as the Official Apparel Partner of the Cowdray Gold Cup. The event was hosted at the historic Cowdray Park Polo Club from June 21 to July 17 and is considered one of the premier polo tournaments in the world. The Gold Cup players included some of the top names in the sport of polo, including 10-goal players Adolfo Cambiaso, Facundo Pieres and Hilario Ulloa.

U.S. Polo Assn. created a Cowdray Park Capsule Collection that was sold exclusively on-site at the event in the merchandise store. The collection included U.S. Polo Assn.’s classic, sport-inspired style embellished with Cowdray colors and emblems featured on quarter-zip hoodies, hats, short-sleeve polos and T-shirts. In collaboration with Brand Machine Group (BMG), U.S. Polo Assn.’s brand partner in the U.K., the brand hosted social media contests, giveaways, and additional contests on-site for event attendees.

U.S. Polo Assn. also served as the Official Apparel Partner for the Ladies Championship, which took place July 4 to July 16 at Cowdray Park Polo Club. The iconic sport-inspired brand provided apparel for staff of both events and promoted both tournaments globally. U.S. Polo Assn. gifted the finalists of both the Gold Cup and Ladies Championships apparel from the brand’s newest line, USPA Pro. The USPA Pro line includes performance product for players, designed in collaboration with polo players.

“The historic Cowdray Gold Cup represents the tradition and heritage of the sport of polo, which is a shared distinction for U.S. Polo Assn.,” said J. Michael Prince, President and CEO of USPA Global Licensing, which manages the multi-billion-dollar U.S. Polo Assn. brand. “We are honored to continue our partnership with Cowdray Park Polo Club for this year’s events, to further connect with our U.K. consumers and sports fans who love our authentic, sport-inspired brand and the sport of polo.”

Inaugurated in 1956 and played on the illustrious Cowdray Estate boasting 16,500 acres, the Cowdray Gold Cup remains one of the most prestigious high-goal awards in the United Kingdom and globally today. Steeped in history and tradition and located in the heart of England, Cowdray Park is recognized as the Home of English Polo with its first competitive polo tournaments dating back to 1910.

“Our partnership with U.S. Polo Assn. has been a significant success for the sport of polo in the U.K., and I look forward to continuing our work together for years to come,” said Andrew Swaffield, Chairman of Cowdray Park Polo Club. “Our members and spectators were also thrilled that this year’s Cowdray Gold Cup featured an exclusive apparel collaboration with U.S. Polo Assn., the Cowdray Park Capsule Collection.”

Cowdray Park prides itself on its strong heritage of sporting excellence, welcoming some of the top polo players from around the world. Guests caught the action as VIPs or spectators and enjoy the highest level in the sport of polo while experiencing the English charm of Cowdray Park.

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the nonprofit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through some 1,200 U.S. Polo Assn. retail stores and thousands of department stores as well as sporting goods channels, independent retailers and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in 190 countries worldwide. Today, U.S. Polo Assn. is ranked the 28^th largest licensor in the world and within the top five sports licensors, according to License Global magazine’s 2022 list of “Top Global Licensors.” Visit uspoloassnglobal.com.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and its exclusive worldwide licensor. USPAGL manages the global, multi-billion-dollar U.S. Polo Assn. brand and is the steward of the USPA’s intellectual properties, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, the world’s leading digital platform with polo and lifestyle content. In addition, USPAGL partners with ESPN and beIN Sports globally to share the sport of polo broadcasts on television and on-demand to millions of viewers around the world. For more polo content visit globalpolo.com.

About Brand Machine Group-United Kingdom

The Brand Machine Group(BMG) is an international fashion brand owner and licensing specialist, housing a diverse and industry-leading portfolio of fashion, sports and outdoor brands, including U.S. Polo Assn., across adults and childrenswear clothing and accessories. With more than 35 years of experience, Brand Machine Group specializes in global licensing, and partners with recognized market leaders to manage a seamless and collaborative process of designing, manufacturing, and delivering quality product whilst championing the DNA of its brands. Visit Brand Machine Group.

For Additional Information, Contact:

Shannon Stilson

Vice President of Sports Marketing and Media, USPA Global Licensing and Global Polo Entertainment
Phone: (561) 227-6994 – Email: sstilson@uspagl.com

Stacey Kovalsky

Senior Director of Global Communications, USPA Global Licensing
Phone: (561) 790-8036 – Email: skovalsky@uspagl.com

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Transaction Highlights:

• EV Technology Group has agreed to acquire a further 50% of MOKE International
  • The transaction is valued at US$55.1 million
  • EV Technology Group’s resultant shareholding of MOKE International will be ~67.6% following the Acquisition and will maintain an option to acquire the remaining shares of MOKE International, up to 100%

• The MOKE brand is a global icon, established in 1964 with historical sales of approximately 50,000 vehicles
  • The MOKE is an iconic car, first made famous by the likes of James Bond and Brigitte Bardot, and became popular in destinations including the South of France, Australia, and the Caribbean. It is an ideal investment for EV Technology Group as one of the first historic marques to electrify
  • MOKE International’s seasoned executive team join the Group, with experience from Rolls-Royce, Jaguar, Land Rover, BMW and McLaren
• MOKE International recently launched the Electric MOKE
  • Deliveries of the Electric MOKE have begun, with a rapidly growing waiting list
  • The Acquisition, related transactions and EV Technology Group’s expertise in electrifying iconic brands and a mission to create and redefine the joy of motoring in the electric age will allow MOKE International to rapidly expand into global markets

TORONTO, July 20, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG) (OTCQB: EVTGF) (DE: B96A) announces today that it has entered into a definitive agreement (the “Definitive Agreement”) with the shareholders of MOKE International (the “MIL Shareholders”) to acquire up to 100% of MOKE International Limited (“MIL”), its first purchase of a major iconic brand. This strategically crucial acquisition adds to EV Technology Group’s house of iconic brands, and it will continue to grow the UK-based company MOKE International, which is now introducing the Electric MOKE to the global market.

Under the terms set out in the Definitive Agreement, the Company shall pay (a) US$31.9 million to certain shareholders of MOKE International in exchange for 53% of the total issued and outstanding common shares that the Company does not currently own (the “Purchased Shares”), (b) US$21.3 million of outstanding debt of MOKE International owing to certain shareholders and (c) US$2 million to certain management of MOKE International as a transaction bonus (together, the “Acquisition”). The Company also entered into an Option Deed agreement with the MIL Shareholders which provides the Company the option, for 24 months from the date of closing, to acquire all the remaining shares of MIL at an equity value of US$120 million, subject to certain adjustments (the “Option”). The completion of the Acquisition and the Option and are subject to customary closing conditions, including any related financing, due diligence and approvals by the NEO Exchange. No finder fees are payable in connection with, and no change of control of the Company will result from the Acquisition. There can be no assurances that the Acquisition or the exercise of the Option will be completed as proposed, or at all.

The Acquisition is expected to close later in the year.

The acquisition of MOKE International Limited fits within EV Technology Group’s strategy of acquiring and then electrifying iconic brands. It is intended that this deal will provide EV Technology Group a template for further brand acquisitions and demonstrates how the capabilities of the Group can act as a catalyst for helping other brands to electrify their offerings and go to market. The seasoned executive team from MOKE International will join EV Technology Group. MIL’s executives bring with them a wealth of automotive experience in executive roles at Rolls-Royce, Jaguar Land Rover, BMW and McLaren.

MOKE International announced their plan to be one of the first owners of a heritage marque to electrify their offering. This plan will revive an iconic vehicle that first appeared in 1964 and became closely associated with the swinging sixties, with many famed celebrities being pictured behind the wheel of a MOKE in exclusive Caribbean and French locations, such as Brigitte Bardot, James Bond, and the Beatles . During its lifetime, nearly 50,000 MOKE vehicles have been sold to a global market that includes the USA, Europe, UK, Caribbean, Australia and New Zealand.

The new Electric MOKE is already winning a new generation of followers and is quickly building a long waiting list in France and the UK, via the Hendy dealership representing UK sales, and the purpose built ‘Casa MOKE’ Flagship store in Saint-Tropez operated by MOKE France. EV Technology Group wholly-own the MOKE France subsidiary, and deliveries to the South of France have already commenced. MOKE France has already generated Electric MOKE orders worth over half a million Euros in total value following the initial opening of pilot sales. EV Technology Group will soon widen its sales offering across Europe and in the USA.

Wouter Witvoet, CEO of EV Technology Group announced the acquisition today, stating, “The investment in MIL is extremely close to my heart. I first became interested in MOKE International when I tried to rent the vehicle in the South of France – I quickly discovered the joy of driving this vehicle in beautiful locales – but also the commercial opportunity given how high demand was for this iconic brand, relative to supply.

“EV Technology Group’s mission is to revitalise iconic brands and rediscover the joy of motoring in an electric age. This applies brilliantly to MOKE International as it forms the perfect start to EV Technology Group’s strategy to acquire and brands that have a loyal following and substantial brand equity. I am looking forward to helping the business expand as it enters new markets, especially in the USA. MIL has a superb future and EV Technology Group has the capabilities to support it every step of the way.”

Isobel Dando, CEO of MOKE International stated “I am proud and excited that MOKE International is becoming part of the EV Technology Group. It is the perfect Company to take our rapidly growing business to the next level with the right balance of expertise, investment, and ambition. EV Technology Group’s in-house engineering and manufacturing expertise, and customer-centric technologies will also be invaluable to us as we continue to develop the Electric MOKE and more pioneering products. I am also looking forward to working closely with Wouter and the entire EV Technology Group leadership team to further develop MOKE International and further exciting brands to come.”

About EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

About MOKE International

MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited (“MOKE International”) in the European Union and other territories. MOKE International, a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.com

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: the Definitive Agreement, the Acquisition, the Option Deed and the Option, the terms of such transaction, closing conditions and regulatory approval and EV Technology Group’s plans, operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the Annual Information Form of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/5d4c32b0-008c-4fbc-a04c-4bdc8c637a6c

ROME, July 20, 2022 (GLOBE NEWSWIRE) — ITA Airways’ press conference with ENAC was held yesterday, 19 July 2022, at the Airbus Pavilion Auditorium at the Farnborough International Airshow (FIA).

During the event, were presented the results achieved in the first nine months, as well as the commitment to sustainability. Sustainability is a topic of central importance for the Italian carrier, which aims to become the greenest airline in Europe with 75% of new generation aircraft in its fleet by 2025.

Therefore, the absolute star of the event was the ITA Airways Sustainability Manifesto, a symbol of the company’s commitment to the planet and its people. The company’s sustainable strategy roadmap combines business growth with the creation of long-term sustainable values. The Manifesto demonstrates the importance of this pillar in the company’s strategy.

The press conference was chaired by Fabio Lazzerini, CEO of ITA Airways, and Pierluigi di Palma, President of ENAC, the Italian Civil Aviation Authority.

A highly regarded Italian illustrator – Emiliano Ponzi – collaborated on this occasion, turning ideas into images. Ponzi was able to interpret ITA Airways’ growth strategy, the propulsive aspect of a start-up with the desire to ‘touch the sky with one finger’. And the blue of ITA Airways’ livery harmonising with the sky in full respect of the environment: flying and integrating the ecosystem simultaneously.

Thanks to ENAC’s support, ITA Airways follows its initial goal: to make the Italian national airline an example of sustainable business. With the Manifesto, the company’s Sustainability Plan takes shape.

Furthermore, last April ITA Airways signed a Memorandum of Understanding with Airbus regarding collaboration in the field of Urban Air Mobility (UAM) in Italy. ITA Airways will in fact collaborate with Airbus to develop the ecosystem around the launch of the CityAirbus NextGen electric vertical take-off and landing (eVTOL) aircraft. The aircraft, is currently under development. ITA Airways and Airbus are identifying strategic use cases for zero emission mobility solutions and demonstrating the added value it can bring to communities.

At the end of the conference, all guests and the press were able to visit the Airbus A350 parked in the centre of the show. The new A350, dedicated to the excellence of Italian sport Enzo Bearzot, is distinguished by the flag carrier’s new contents, including the new interiors designed by Walter De Silvia, which combine elegance and sustainability. The A350 is lighter, quieter and more efficient than the previous generation aircraft. Innovative aerodynamics and a high-efficiency Rolls-Royce aircraft engine (the Trent XWB) optimise range and payload for the benefit of efficiency. Thanks to the new aircraft, ITA Airways benefits from a reduction of more than 25% in fuel consumption and CO2 emissions per passenger.

Also joining the fleet will be other new generation aircraft, such as the Airbus A220-300, scheduled to arrive in the autumn.

For more information:
LaPresse SpA Communication and Press Office Director
Barbara Sanicola – barbara.sanicola@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3c66491f-aa86-4978-9a46-a337e7f5804c

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.