Day: May 9, 2023

MUNICH, Germany and ATLANTA, May 09, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Etihad Cargo, the cargo and logistics division of Etihad Airways, has further automated air cargo processes using Descartes’ next generation Internet of Things (IoT) Bluetooth^® Low Energy solution integrated with Jettainer’s unit load device (ULD) management services. The combined solutions expand Etihad Cargo’s ability to improve ground processes at cargo and ULD handling and to gain data-driven insights into the transport and ambient conditions of air cargo in transit.

“At Etihad Cargo, we’re continuing to invest in technology and innovation to make air cargo handling more efficient, smarter and faster, and this includes the usage and management of our ULD fleet,” said Thomas Schürmann, Head of Cargo Operations & Delivery at Etihad Cargo. “The addition of Descartes’ next generation IoT devices to our ULD fleet provides true operational value for us. Etihad Cargo expects to reduce the number of lost ULDs—those that lose their trail somewhere at the airport, at the ground handling agent or the forwarder—by being able to tell exactly where they were last seen. We furthermore expect to simplify ground processes, for example, by reducing the time and effort spent on stock take.”

“As part of our premium product, ULD Select, the combination of our sophisticated ULD management solution with Descartes’ next generation IoT devices can be a powerful boost to our service. The technology can provide our valued customers like Etihad Cargo insights into the conditions of their freight, give access to detailed location information, facilitate ULD processing on the ground, and thus further improve asset utilization,” said Ram Krishnaswamy, General Manager Middle East, Africa, & Indian Subcontinent at Jettainer. “Jettainer embraces innovation and digitalization, and this is exactly what we experience with Descartes as the leading technical provider in the field of Bluetooth^® Low Energy tracking solutions. Potential benefits are not limited to ULD processing; we also see value in streamlining export, transit and import cargo processes and will explore this further with our customers and partners.”

Descartes’ next generation IoT Bluetooth^® Low Energy ULD tracking uses Bluetooth^® tags affixed to containers or pallets, mobile applications and mesh networks to automate end-to-end tracking of assets. Bluetooth^® tags affixed to ULDs prior to loading enable easy access to real-time location information, shipment-level condition data, such as temperature, light, humidity and movement, and chain of custody detail that indicates whose custody assets are in at any given time. Tags can also be added to any ground service equipment, like dollies, for full control over a carrier’s equipment.

“We’re pleased to help Etihad Cargo optimize the use of its ULD fleet with richer visibility at both the asset and shipment level,” said Scott Sangster, General Manager, Logistics Service Providers at Descartes. “ULDs are the backbone of the air cargo supply chain and, with coverage in over 1,300 reader locations and 200 airports worldwide, Descartes’ innovations in IoT-based tracking and advanced network capabilities are helping airlines access the status of their ULDs anytime, anywhere—through any internet-enabled device.”

About Etihad Cargo

Etihad Cargo is the cargo and logistics arm of Etihad Airways. Since its establishment in 2004, Etihad Cargo has grown rapidly to become one of the leading air cargo carriers in the world, offering customers a range of cargo products and services to five major continents. Its hub in Abu Dhabi is strategically located at the centre of the world’s busiest trade lanes, providing an integral link between Asia, Europe, North America, Australia and Africa.

In addition to general cargo, Etihad Cargo offers a wide range of specialty products including live animals, dangerous goods, valuables and vulnerables, personal effects, as well as its market leading cold chain products (the latter holding IATA’s stringent Centre of Excellence for Independent Validators certifications for both Pharmaceutical and Perishables Logistics, as well as Live Animals Logistics).

For more information, please visit www.etihadcargo.com.

About Jettainer GmbH

With more than 100,000 Unit Load Devices (ULDs) in 500 locations worldwide, Jettainer operates the world`s most efficient ULD fleet. Through its unique combination of dedicated teams and leading IT landscape, using big data and artificial intelligence, the industry expert guarantees steering and positioning as well as maintenance and repair with 100% availability of containers and pallets. A strong partner and independent repair network, close to the customer’s processes, completes Jettainer’s global setup with local presence. Meaningful innovation and digitization for highest efficiency at lowest cost are key for the transparency driver. Its continuously enhanced service and product portfolio is complemented with ULD leasing services, cool management and temperature chain solutions. Jettainer GmbH is a wholly owned subsidiary of Lufthansa Cargo AG. Learn more at www.jettainer.com.

About Descartes

Descartes (Nasdaq:DSGX) (TSX:DSG) is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at www.descartes.com, and connect with us on LinkedIn and Twitter.

Global Media Contact
Cara Strohack
Tel: +1(800) 419-8495 ext. 202025
cstrohack@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ solution offering and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

GlobeNewswire Distribution ID 8834862

CHARLOTTE, N.C., May 09, 2023 (GLOBE NEWSWIRE) — nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking for the global financial services industry, today kicked off nSight 2023, its annual user conference in Charlotte, NC.

The three-day immersive event brings together over 1,700 professionals from the global financial services industry including corporate; commercial; regional and community banks; credit unions; and strategic ecosystem partners to demonstrate and discuss the latest trends, best practices, and innovations in the financial services industry. In the 11 years since its inception, nSight has grown to become a must-attend event for those interested in staying ahead of the curve in the banking industry.

During the conference, nCino will announce the winners of its Financial Services Impact Awards, an annual recognition program that honors financial institutions that are innovating and delivering value to their clients through nCino’s platform. U.S. Bank is a finalist this year in the Innovation category.

• “Innovation is not just about doing something new; it’s about challenging the status quo and finding new ways to add value to the lives of our clients. By adding simplicity and agility throughout our processes, we can improve outcomes for our clients. This recognition is a testament to the hard work and dedication of our team across the bank focused on helping us create a better banking experience for all,” said Tina Cartwright, SVP, Transformation Strategy Executive, U.S. Bank.

For additional details about the conference, including the full agenda, list of keynote speakers and breakouts please visit www.nsightconference.com.

Soundbites:

• “Banking is a lot like race car driving. It’s all about momentum, knowing when to accelerate and taking calculated risks to come out ahead. As a keynote speaker at nSight, I look forward to inspiring and motivating the audience to move with speed and an entrepreneurial mindset driving the financial services industry forward,” said Rusty Wallace, former NASCAR driver and Hall of Fame inductee.
• “We’re pleased to welcome so many industry experts to Charlotte for our largest nSight conference yet. Banks and financial institutions must focus on modernizing their tech stack and put the right tools in place to promote efficiency, automation, and CX. Through nSight, nCino is providing an experience that allows individuals to take advantage of the learning and development they want most,” said Pierre Naudé, Chairman and CEO of nCino.

About nCino
nCino (NASDAQ: NCNO) is the worldwide leader in cloud banking. Through its single software-as-a-service (SaaS) platform, nCino helps financial institutions serving corporate and commercial, small business, consumer, and mortgage customers modernize and more effectively onboard clients, make loans, manage the loan lifecycle, and open accounts. Transforming how financial institutions operate through innovation, reputation and speed, nCino is partnered with more than 1,850 financial services providers globally. For more information, visit www.ncino.com.

Media Contacts
Natalia Moose
natalia.moose@ncino.com

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.

GlobeNewswire Distribution ID 8834879

Modelo targets the $4.5B high-end light beer category as part of its efforts to reach new drinkers and become the No. 1 beer in the country

Modelo Oro

Modelo Oro: The Gold Standard of Light Beer

CHICAGO, May 09, 2023 (GLOBE NEWSWIRE) — Modelo, the No. 2 top-selling beer brand in the U.S.*, announced today the national launch of its latest product innovation – Modelo Oro. Filling a void in the high-end light beer category, Modelo Oro is a time-crafted cerveza that seals in the golden flavor of Modelo to deliver an exceptionally smooth, elevated light beer with a crisp, clean finish that is worthy of the name “gold.”

“People are increasingly reaching for high-end, premium light beer offerings,” said Greg Gallagher, Vice President of Brand Marketing, Modelo. “After a successful regional launch in which two-thirds of buyers were new to the Modelo brand**, we’re confident that offering Modelo Oro across the country as the new gold standard for light beer will help us build authentic connections with new drinkers.”

Brewed for those looking for a light option without sacrificing the traditional Modelo flavor they know and love, Modelo Oro is available nationally in 12 ounce 12-packs and 24 ounce single-serve cans. Each 12-ounce serving of Modelo Oro is primed for premium sessionability with 90 calories, 3g carbs and 4.0% ABV.***

“Successfully meeting changing consumer preferences while maintaining the authenticity and quality are the hallmarks that built the Modelo brand and helped the Casa Modelo family surpass the 200 million cases mark in sales in 2022,” said Gallagher. “With our innovations and continued growth in Modelo Especial, becoming the No. 1 beer brand in the country is completely within reach.”

For more information on Modelo Oro and other Casa Modelo products, visit www.modelousa.com.

*IRI Total MULO + C L52 w/e 1/1/23
** Custom IRI incrementality study covering March – August 2022
***0.7g protein, 0g fat per 12oz

ABOUT MODELO® 
Born in 1925 in the small town of Tacuba, Mexico, Modelo has been bringing distinctive high-quality beer to those with the Fighting Spirit ever since, including Modelo Especial®, Modelo Negra®, Modelo Chelada Especial, and a flavorful lineup of Modelo Cheladas. Modelo Especial is a golden, full-flavored Pilsner-style lager with a clean, crisp finish. As the #1 imported beer in the U.S., Modelo Especial recently surpassed 175MM cases sold in 2022 and became the #2 beer brand in the category. The Modelo family of beers are exclusively brewed in Mexico and imported and marketed for the U.S. by Constellations Brands.

Media Contact:
Stephanie McGuane
Stephanie.mcguane@cbrands.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2699aab1-8312-4231-ab09-e363617e23c1.

GlobeNewswire Distribution ID 8834886

PHOENIX, May 09, 2023 (GLOBE NEWSWIRE) — WillScot Mobile Mini Holdings Corp. (“WillScot Mobile Mini” or the “Company”) (Nasdaq: WSC), the North American leader in innovative mobile office and portable storage container solutions, today announced it has acquired Hallwood Modular Buildings based in Orange, Texas and BRT Structures based in Alberta, Canada, significantly expanding the Company’s specialty modular fleet serving customers in need of protective workspace in blast zones and other demanding environments.

Tim Boswell, President and Chief Financial Officer, commented, “Safety is our first core value. We service some of the most discerning industrial customers in North America who choose to do business with WillScot Mobile Mini because of our world-class safety culture, our technical expertise, and our commitment to operational excellence. As we execute our growth strategy, expanding our offering of blast resistant modules aligns perfectly with our customer value proposition, whereby we help our customers be safe, comfortable, and productive in their work environments. Blast resistant modules enable safe growth and development for key sectors of the economy, such as manufacturing, petrochemicals, and defense, where workers can be exposed to potentially hazardous environments. They bring substantial productivity benefits by allowing employees to work safely and in closer proximity to critical infrastructure, while avoiding transit time in and out of blast zones. When combined with our existing fleet of modular space and storage solutions, WillScot Mobile Mini is the most sophisticated and comprehensive supplier of turnkey space solutions for industries that demand the highest standards for safety, service, and reliability. We welcome the Hallwood and BRT teams and the unique expertise they bring to WillScot Mobile Mini.”

WillScot Mobile Mini has been a long-standing provider of blast resistant modules in select markets in the U.S. and Canada and has existing relationships with many of the largest operators in the energy and petrochemical sectors. In addition to being a quickly deployable solution to enhance worksite safety in most hazardous industries and extreme environments, blast resistant modules also can provide protection for severe weather, ballistic threats and fire, expanding their application to more diverse industries nationwide. With the addition of Hallwood Modular Buildings and BRT Structures, the Company is now a clear leader in blast resistant module fleet across North America, with expanded products and capabilities that will benefit the combined customer base.

About WillScot Mobile Mini

WillScot Mobile Mini trades on the Nasdaq stock exchange under the ticker symbol “WSC.” Headquartered in Phoenix, Arizona, the Company is a leading business services provider specializing in innovative flexible space and storage solutions. WillScot Mobile Mini services diverse end markets across all sectors of the economy from a network of approximately 240 branch locations and additional drop lots throughout the United States, Canada, and Mexico.

Additional Information and Where to Find It

Additional information can be found on the company’s website at www.willscotmobilemini.com.

GlobeNewswire Distribution ID 8834580

LONDON, May 09, 2023 (GLOBE NEWSWIRE) — African education leaders travelling to London to showcase NewGlobe-supported transformational public educational programs at the prestigious Education World Forum (EWF), May 8 – 10.

Harnessing education data to drive learning transformation will be a key takeaway for the global education community at EWF, the biggest gathering of education ministers in the world.

They face what World Bank Education Director, Jaime Saavedra, calls, “the most serious crisis in education in 100 years.”

Data from the World Bank shows global Learning Poverty – defined as the percentage of 10-year-olds unable to read a simple sentence – in low and middle-income countries has increased from 50% to 70% while in Sub-Saharan Africa it is 90%.

Despite such enormous challenges, NewGlobe-supported programs in Nigeria, Liberia, Rwanda, and Manipur (India) are leading the way in the use of education data-led solutions to Learning Poverty.

The success stories of the EKOEXCEL, EdoBEST, BayelsaPRIME, KwaraLEARN, Bridge Liberia, RwandaEQUIP, and STAR Education programs will be on display at EWF. All are seeing huge improvements in learning outcomes.

Underpinning their success is a data-driven structured pedagogy, independently assessed in Kenya in a study led by Nobel Prize winning economist Professor Michael Kremer. It confirmed learning gains among the “largest ever measured in international education.”

The EKOEXCEL program in Lagos State, Nigeria is an exemplary case of using data-driven solutions to reverse Learning Poverty. One of the program’s initiatives, the ‘Situation Room’ will be on display at EWF.

The Situation Room visualizes data from all 1012 primary schools in Lagos State, offering powerful insights. Using NewGlobe’s Spotlight software, gives education leaders access to key data in real time – empowering the government to make informed interventions.

Lagos State Education Commissioner, Folashade Adefisayo said:

“If there are any problems in schools, we are able to track them, so people going there to solve the problem have a lot of data in their hands; they would know how many children and teachers there are, whether the head teacher is at school and whether students are having learning difficulties in a subject.”

Within eight weeks of EKOEXCEL’s launch, literacy learning rates measured three times faster, and numeracy two times faster, than schools not in the program.

EWF promises to inspire governments to harness education data to reshape education and overcome Learning Poverty, with visionary African governments leading.

For additional information, contact: marek.pruszewicz@newglobe.education

GlobeNewswire Distribution ID 1000808910

Temenos processed 200 million embedded finance loans and 100 million retail accounts at a record breaking 150,000 transactions per second on Microsoft Azure with MongoDB database

GENEVA, May 09, 2023 (GLOBE NEWSWIRE) — Temenos (SIX: TEMN), today published new high-water benchmark performance results for Temenos Banking Cloud on Microsoft Azure and MongoDB Atlas infrastructure. The benchmark scenario simulated a client with 50 million retail customers, 100 million accounts and a Banking-as-a-Service (BaaS) offering for 10 brands and 50 million embedded finance customers on a single cloud instance.

In the test, Temenos Banking Cloud processed 200 million embedded finance loans and 100 million retail accounts at a record-breaking 150,000 transactions per second. In doing so, Temenos platform proved it’s robust and scalable to support banks’ business models for growth through BaaS or distributing their products themselves. The benchmark included not just core transaction processing, but a composed solution combining payments, financial crime mitigation (FCM), data hub and digital channels.

The performance benchmark with Microsoft and MongoDB shows the unmatched scalability of Temenos’ cloud-native and composable platform helping banks massively scale and cater for the high volumes of transactions in the BaaS world where multiple brands are hosted on a single platform.

The benchmark also underscores the advances Temenos has made to provide a leaner and greener infrastructure, helping banks scale efficiently and achieve their sustainability goals. Temenos cloud architecture elastically scales, enabling banks to process higher volumes of transactions showing 49% like-for-like improvement for the tested workloads compared to previous release.

Real world deployments demonstrate the scalable performance of the Temenos platform, with a global payments provider launching its Buy-Now-Pay-Later service on the Temenos Banking Cloud, reaching 25 million BNPL consumers which equates to 150 million loans; this was the fastest start to any product launch in the company’s history.

Temenos is the only software company to offer a single platform for any type of bank, retail, corporate or wealth; suitable for any size bank; and also, cloud-native, readily available on all major public cloud providers for banks to run themselves or as a SaaS solution via Temenos Banking Cloud.

Tony Coleman, Chief Technology Officer, Temenos, commented: “No other banking technology vendor comes close to the performance and scalability of Temenos Banking Cloud. We consistently invest more in cloud technologies and have more banks live with core banking in the cloud than any of our peers. With global non-cash transaction volumes skyrocketing in response to fast-emerging trends like BaaS, banks need a platform that allows them to elastically scale based on business demand, provide composable capabilities on-demand at a low cost, while reducing their environmental impact. This benchmark with Microsoft and MongoDB proves the capability of Temenos’ platform to power the world’s biggest banks and their BaaS offerings with hundreds of millions of customers, efficiently and sustainably in the cloud.”

Boris Bialek, Managing Director of Industry Solutions, MongoDB, added: “Temenos’ cloud-native, microservices-based architecture on MongoDB Atlas database gives customers flexibility, while also improving security, performance, and scalability. The document model is a key ingredient for a composable banking architecture, and the high throughput of the benchmark proves that the resilience of Temenos banking platform and MongoDB’s developer data platform can support the needs of even the largest global banks.”

Bola Rotibi, Chief of Enterprise Research, CCS Insight, said: “Flexibility, platform choice and the ability to scale are becoming increasingly important factors for our banking community as they look to Embedded Finance and Banking-as-a-Service as areas of growth. Benchmarking results such as the one on Microsoft Azure, shows that Temenos Banking Cloud can elastically scale up and down based on business demand. Providing composable capabilities on-demand at a low cost supported by automatic scaling reduces the overall environmental impact. This adds further choice for Temenos’ clients and for the broader banking and financial services industry.”

About Temenos
Temenos (SIX: TEMN) is the world’s leading open platform for composable banking, creating opportunities for 1.2 billion people around the world every day. We serve 3000 banks from the largest to challengers and community banks in 150+ countries by helping them build new banking services and state-of-the-art customer experiences. The Temenos open platform helps our top-performing clients achieve return on equity three times the industry average and cost-to-income ratios half the industry average.

For more information, please visit www.temenos.com.

Media Contacts

Jessica Wolfe & Scott Rowe
Temenos Global Public Relations
Tel: +1 610 232 2793 & +44 20 7423 3857
Email: press@temenos.com

Alistair Kellie
SECNewgate on behalf of Temenos
Tel: +44 20 7680 6550
Email: allnewgatetemenos@secnewgate.co.uk

GlobeNewswire Distribution ID 8834893