Major Shake-Up in World’s Passport Power Ranking

LONDON, July 18, 2023 (GLOBE NEWSWIRE) — Japan has been knocked off the top spot on the Henley Passport Index for the first time in five years and bumped into 3rd place, according to the latest ranking, which is based on exclusive and official data from the International Air Transport Association (IATA). Singapore is now officially the most powerful passport in the world, with its citizens able to visit 192 destinations out of 227 around the world visa-free. Germany, Italy, and Spain all move up into 2nd place with visa-free access to 190 destinations, and Japanese passport holders join those of six other nations — Austria, Finland, France, Luxembourg, South Korea, and Sweden — in 3rd place with access to 189 destinations without a prior visa.

The UK appears to have finally turned the corner after a six-year decline, jumping up two places on the latest ranking to 4th place — a position it last held in 2017. The US, on the other hand, continues its now decade-long slide down the index, plummeting a further two places to 8th spot with access to just 184 destinations visa-free. Both the UK and the US jointly held 1st place on the index nearly 10 years ago in 2014, but have been on a downward trajectory ever since. Afghanistan remains entrenched at the bottom of the Henley Passport Index, with a visa-free access score of just 27, followed by Iraq (score of 29), and Syria (score of 30) — the three weakest passports in the world.

The general trend over the history of the 18-year-old ranking has been towards greater travel freedom, with the average number of destinations travelers are able to access visa-free nearly doubling from 58 in 2006 to 109 in 2023. However, the global mobility gap between those at the top and bottom of the index is now wider than it has ever been, with top-ranked Singapore able to access 165 more destinations visa-free than Afghanistan.

Dr. Christian H. Kaelin, Chairman of Henley & Partners, says only eight countries worldwide have less visa-free access today than they did a decade ago, while others have been more successful in securing greater travel freedom for their citizens. “The UAE has added an impressive 107 destinations to its visa-free score since 2013, resulting in a massive leap of 44 places in the ranking over the past 10 years from 56th to 12th position. Of the countries sitting in the Top 10, the US has seen the smallest increase in its score, securing just 12 additional destinations. Singapore, by comparison, has increased its score by 25, pushing it up five places over the past 10 years to number one.”

Commenting in the Henley Global Mobility Report 2023 Q3, released today alongside the latest index, Greg Lindsay from Cornell Tech’s Jacobs Institute, says that from a purely mechanical perspective, “the story is a simple one — by more or less standing still, the US has fallen behind. While its absolute score has in fact risen over the last decade, the US has been steadily overtaken by rivals such as South Korea, Japan, and Singapore. America’s relentless slide down the rankings is a warning to its neighbor Canada and the rest of the Anglosphere as well.”

The links between visa-free access and openness

Henley & Partners has conducted exclusive new research into the relationship between a country’s openness to foreigners — how many nations it allows to cross its borders visa-free — and its own citizens’ travel freedom. The new Henley Openness Index ranks all 199 countries worldwide according to the number of nationalities they permit entry to without a prior visa.

The Top 20 ‘most open’ countries are all small island nations or African states, except for Cambodia. There are 12 countries that are completely open to all passports and four that don’t allow anyone in visa-free. While the correlation between a high openness score and high visa-free access score is not straightforward, it is notable that Singapore and South Korea — high climbers on the Henley Passport Index Top 10 over last decade, moving up from 6th and 7th respectively in 2013 to 1st and 3rd today — boast relatively high degrees of openness compared to the 5 countries with the biggest disparity between the travel freedom they enjoy, versus the visa-free access they provide to other nationalities. US, Canada, Australia, New Zealand and Japan have all either slid down the ranking or remained in the same place as their openness stagnates.

Prof. Peter J. Spiro, who holds the Charles Weiner Chair in international law at Temple University, says America’s extension of visa-free access is low, even by the standard of developed economies. “EU states grant visa-free privileges to more than twice the number of states than does the US. Processing delays, high refusal rates, and a reputation for disagreeable customer service are tarnishing the attractiveness of the US as a destination. Add to that the growing reputation of the US as ridden with gun violence and one can project a long-term trajectory in which US global standing further erodes.”

Read the full Press Release

Media Contact

Sarah Nicklin

Group Head of PR

sarah.nicklin@henleyglobal.com

Mobile: +27 72 464 8965

GlobeNewswire Distribution ID 1000830180

Industry, Webuild: activities continue unabated at ‘underwater’ construction site of the new breakwater in Genoa

Industry, Webuild: activities continue unabated at ‘underwater’ construction site of the new breakwater in Genoa

In the “underwater” construction site of the New Breakwater in Genoa, an important new phase of work is underway to consolidate the seabed.

MILAN, Italy, July 17, 2023 (GLOBE NEWSWIRE) — In the “underwater” construction site of the New Breakwater in Genoa, an important new phase of work is underway to consolidate the seabed. In the area identified as Test Area 1, the first gravel columns that will guarantee stability to the base on which the future barrier will rest have taken shape. The columns to be built are 70,000 and will run along the entire perimeter of the new dam. To date, approximately 100 columns have already been constructed. Within the first month, approximately 850 will be constructed, with the aim of completing them all within the next 17 months.

At the same time, the work of laying gravel on the seabed continues at full pace, where about 185,000 tonnes of material have already been laid, using a 3,600-tonne capacity ship and two smaller pontoons with a total capacity of about 700 tonnes, which carry an average of 3,000 tonnes of gravel per day and have already made a total of about 90 round trips, starting from Piombino and Genoa.

The New Breakwater is being built by the PERGENOVA BREAKWATER consortium, led by Webuild in cooperation with Fincantieri Infrastructure Opere Marittime, Fincosit and Sidra, while Rina is in charge of project management consulting. The work was commissioned by the Western Ligurian Sea Port System Authority. For the construction of the dam, which will also benefit from PNRR funding, it is estimated that one thousand people will be employed, including direct personnel and third parties.

The gravel columns will be built using an innovative technique known as the “Wet Top Feed – Blanket Method”. The technique involves the use of a vibrating probe, the vibroflot, a kind of needle between 17 and 21 metres long. The probe, attached to 40-metre-high cranes positioned on floating platforms, the pontoons, is brought to the seabed on which a layer of gravel thick enough to accommodate columns over 13 metres high has previously been placed. By vibrating and using combined water and air jets, the probe penetrates the ground and creates a tubular-shaped space into which the surrounding gravel material gradually slides. As the gravel slides, the future column takes shape and is progressively compacted.

The New Breakwater, the largest intervention ever carried out for the enhancement of Italy’s ports, is a barrier whose main task will be to protect the port of Genoa from wave motion. A unique work of its kind in engineering terms, in its final configuration it will be 6,200 metres long and will replace the existing breakwater, but will be positioned at a distance from the quay that will allow access to the port even for modern ships defined as “Ultra large”, which today suffer from limitations due to the reduced room for manoeuvre.

For more information:
Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/6e388d27-c215-4398-8371-2d7a9d0c17b7. The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

GlobeNewswire Distribution ID 8875581

CertiK Becomes the First Web3 Security Auditing Firm to Achieve SOC II Type I Compliance

New York , July 17, 2023 (GLOBE NEWSWIRE) —  CertiK, a leading provider of blockchain and smart contract security solutions, is proud to announce that it has become the first Web3 security auditing firm to achieve SOC II certification. This achievement reinforces CertiK’s commitment to providing the highest level of security and trust for its clients and partners in the rapidly evolving blockchain industry.

SOC II compliance is a rigorous standard defined by the American Institute of Certified Public Accountants (AICPA). It ensures that service organizations meet stringent requirements for security of customer data. By obtaining SOC II certification, CertiK demonstrates its commitment to these industry-leading standards of client data protection.

As the Web3 ecosystem continues to grow and evolve, security has become a paramount concern for individuals, businesses, and organizations operating in the decentralized space. CertiK’s compliance with SOC II standards positions the company at the forefront of this rapidly expanding industry, offering clients an unparalleled level of confidence in the security of their blockchain applications and smart contracts.

CertiK’s SOC II compliance was achieved through a comprehensive audit and evaluation process conducted by an independent third-party auditor. The SOC II audit covers a key number of aspects of CertiK’s security controls, processes, and policies to ensure they met the stringent criteria set forth by SOC II standards.

The company remains dedicated to delivering cutting-edge security solutions that empower individuals, businesses, and enterprises to leverage the full potential of blockchain technology without compromising on security.

About CertiK

CertiK is a pioneer in blockchain security, leveraging best-in-class AI technology to protect and monitor blockchain protocols and smart contracts. Founded in 2018 by professors from Yale University and Columbia University, CertiK’s mission is to secure the web3 world. CertiK applies cutting-edge innovations from academia to enterprise, enabling mission-critical applications to scale with safety and correctness.

One of the fastest-growing and most trusted companies in blockchain security, CertiK is a true market leader. To date, CertiK has worked with nearly 4,000 enterprise clients, secured over $360 billion worth of digital assets, and has detected nearly 70,000 vulnerabilities in blockchain code. Our clients include leading projects such as Aave, Polygon, Binance Smart Chain, Yearn Finance, and Chiliz.

​​CertiK is backed by Insight, Partners, Sequoia, Tiger Global, Coatue Management, Lightspeed, Advent International, SoftBank, Hillhouse Capital, Goldman Sachs, Coinbase Ventures, Binance, Shunwei Capital, IDG Capital, Wing, Legend Star, Danhua Capital and other investors.

Hari Govindarajan
PR & Comms Specialist, Luna PR
hari@lunapr.io

GlobeNewswire Distribution ID 1000830286

Builder.ai named Ultimate Tennis Showdown’s official technology partner for 2023 tour

The partnership with the new league founded by renowned tennis coach Patrick Mouratoglou commences ahead of the season’s first event in Los Angeles and aims to use technology to revolutionize tennis engagement forever

LOS ANGELES, July 17, 2023 (GLOBE NEWSWIRE) — Builder.ai, the AI powered next generation composable software development platform that’s so simple and accessible, allowing every individual and business to turn their ideas into software, today announced its role as the official technology partner for the Ultimate Tennis Showdown (UTS) Tour. Throughout 2023 Builder.ai will serve as lead technology sponsor for the new tennis league founded by world renowned tennis coach Patrick Mouratoglou.

The partnership will commence at the first of UTS’s four events this year taking place July 21 to 23, 2023 in Los Angeles at the Dignity Health Sports Park. Builder.ai is powering the technology platform that is a key part of the UTS vision; from fan engagement through to WEB 3 enablement of an incredible sport that also drives relevance for the sport to the younger generations who want to lean forward and be more engaged. UTS and Builder.ai share a common goal of using software to empower a better and more connected world.

The ground-breaking tennis league UTS promises to be bigger and better than ever, with celebrated top players such as ATP World Top 10 Players Frances Tiafoe and Taylor Fritz; 2022 Wimbledon finalist Nick Kyrgios; USA phenom Ben Shelton; Rising stars Alexander Bublik and Yibing Wu; and Tennis journeymen Gael Monfils and Diego Schwartzman.

The true power behind UTS is that it’s a first of a kind sports league with a first of a kind technology platform. From a unique digital engagement platform to NFTs for the most exciting moments in tennis to a soon to be digital debut on the Blockchain. Builder.ai is going to be UTS partner as it takes this uncharted route to making tennis more accessible, more relevant and more engaging for a younger demographic.

This event marks the return of Professional Tennis to Los Angeles and will take place from July 21-23 in the Dignity Health Sports Park’s Tennis Stadium. The Los Angeles event will be the fifth staging of this revolutionary concept which began in 2020 – and the first ever outside Europe.

In 2023, there will be three regular events all around the world, and for the first time, a Grand Final crowning the season champion. The Los Angeles event winner will qualify for the UTS Grand Final (December 7-10). The other two regular events will be held in Frankfurt, Germany (September 15-17) and in Asia/Middle East (December 1-3).

“We’re thrilled to be collaborating with UTS on this exciting partnership surrounding the latest and most innovative tournament format Patrick has conceived in the world of tennis,” said Sachin Dev Duggal, Chief Wizard & Founder of Builder.ai. “We are excited by the value UTS places on technology as a core value of its platform and events, and as its lead collaborator in the space, we’re confident our work will continue to harness the power that both sports and technology together can wield as defining cultural influences. As a huge fan and player of tennis myself, I’m exuberant in this opportunity to offer Builder.ai’s unparalleled assets in software & artificial intelligence to advance UTS’s mission to unite tennis fans around the world and introduce the sport to new generations. But of-course, our AI Natasha will also be making her debut soon on the court!”

“We are more than excited to partner with Builder.ai, a truly cutting-edge leader in the tech and AI industry,” said Patrick Mouratoglou, Founder and President of UTS. Our association makes perfect sense, since both UTS and Builder.ai place innovation at the heart of their DNA. The capabilites of Builder.ai in the tech and AI spaces are ground-breaking, and we look forward to the endless applications that we will be able to jointly bring to life during our UTS events on the global stage. UTS is all about revolutionizing tennis by boosting fan engagement and interaction – Builder.ai will be of tremendous help to fulfill our vision, starting by the UTS App designed by Builder.ai that will be used on the UTS Events in 2023.”

Established in 2016, Builder.ai continues to lead the industry with its AI-powered composable software platform that allows anyone with an idea to build an app (web or mobile) – faster and 70% more affordably. Breaking software down into its reusable lego-like features, coupled with customization from its managed expert network of designers and developers atop its service through the power of human assisted, AI powered assembly line, has been the key to Builder.ai’s success and the key to successful customer digital transformations worldwide.

As part of the collaboration, Builder.ai has employed its signature compostable software platform to speedily build the official “Ultimate Tennis Showdown” app for functionality throughout the upcoming 2023 tournaments. Download the app to stay up-to-date with the tournament schedule as well as exclusive event clips. The app allows you to connect and engage with other fans using engagement experiences like polling, live streaming and Front Row Experience and stay updated with post tournament clips, rankings, and scores. The app even allows users to connect with fellow fans, interact with players through questions and live streams, and explore the world of tennis like never before.

For more information on the Ultimate Tennis Showdown – LA tournament or to purchase tickets, visit https://www.uts.live/league-2023/usa/.

About Builder.ai:
Builder.ai® is an AI powered composable software the next generation app development platform for every idea and company on the planet. The AI-powered assembly line fuses together Lego-like reusable features, using Building Blocks™ automation to reduce human effort, leveraging a verified network of experts to vastly extend development capabilities, and producing apps at almost zero failure rate that are multitudes cheaper and faster than traditional software development.

Led by serial entrepreneur Sachin Dev Duggal, Builder.ai is reshaping how software is built and operated with a suite of products and services, including BUILDER STUDIO, BUILDER CLOUD, BUILDER NOW, STUDIO STORE and STUDIO RAPID. In 2020, Builder.ai landed on the 2023 Fast Company list of Most Innovative Companies, was awarded “Hottest AI Startup” and 2022’s “Hottest Scale-Up” at the Europas for Europe’s successful tech start-ups and Best COVID-19 Innovation-Recovery at CogX and awarded ‘Visionary’ in the 2021 Gartner® Magic Quadrant™ for Multi-experience Development Platforms. Builder.ai is headquartered in London, supported by employees and hubs in Delhi NCR, Singapore, Los Angeles, Salt Lake City, Sophia Antipolis and Dubai. For more information, visit Builder.ai.

BUILDER.AI and BUILDER are trademarks of Engineer.ai Corp. All other marks are trademarks of their respective owners.

About Ultimate Tennis Showdown (UTS):
In short, Ultimate Tennis Showdown (UTS) is the world’s newest, most exciting, innovative tennis league, playing an entirely reinvented game format. The year-round league was founded by Patrick Mouratoglou, renowned for coaching many icons of the game including Serena Williams, Simona Halep and Holger Rune. UTS introduces a modern format consisting of 40-minute intense matches, a lightened code of conduct, and unique novelties. For instance, UTS cards strongly emphasize strategy and add to the suspense. Live coaching and mid-match interviews allow fans to get inside the player’s minds and immerse into their universe. UTS organized its first proof of concept events following the Covid-19 lockdown. World-famous players that have already participated include Daniil Medvedev, Taylor Fritz, Stefanos Tsitsipas, Matteo Berrettini, Alexander Zverev, and many more. In 2023, UTS returns with four events worldwide. The first three events will occur in the US, Europe, and Asia. Finally, a Grand Final will be held in December in the Middle East. For more information, visit uts.live

Media Contacts:
Builder.ai
Stephanie.lowenthal@builder.ai

UTS
stevewebster@cmpr.net

GlobeNewswire Distribution ID 1000830262

WHR Global Releases Ask an Expert 2023 Allowances & Per Diems Benchmark Report

WHR Global Shapes Clients’ Policies to Ensure Benefits Offerings Are Competitive in the Market

MILWAUKEE, July 17, 2023 (GLOBE NEWSWIRE) — WHR Global (WHR), a leader in the global employee relocation industry, announced the release of its international 2023 Allowances & Per Diems Benchmark Report called “Ask an Expert!”

At WHR, our mission is to provide clients with superior relocation services, and to do so, we need to be in tune with the global cost of living. To accomplish this, we created the Ask an Expert 2023 Allowances & Per Diems Benchmark Report, a comprehensive guide to understanding the true cost of living, not just in one city, but in many cities worldwide.

“Drawing from my own personal experience as a former expat residing in Switzerland, and a former relocation coordinator, I bring a deep understanding of the challenges and intricacies of international relocation,” said Sean Thrun, Strategic Initiatives Manager at WHR. “This benchmark report and firsthand knowledge equips WHR with the ability to provide valuable insights and guidance to mobility teams, enabling them to navigate the complexities of global assignments more effectively.”

The Report includes 8.8 million price submissions from 11,000 cities, and prices benchmarked by country include rental prices for 1 & 3 bedrooms both inside and outside of city centers, common utilities costs per month, local transportation, and more. Understanding the ground realities of cost of living helps relocation teams create scalable solutions and helps businesses have more productive moves, making the transition for employees smoother than ever.

The Report allows businesses to “check the pulse” of their allowances and per diems, whether they choose to administer fixed amounts globally, or variable by location. If global mobility teams find that the allowances and per diems offered to their employees are lower than the average for that country, contact WHR today for a free consultation, including a breakdown of the benchmark report by city.

Global mobility teams may use this Report, which covers 99 countries, to benchmark the following:

  • Monthly housing allowances for assignments & commuters,
  • Monthly utilities allowances for assignments & commuters,
  • Monthly transportation allowances for assignments & commuters,
  • Transportation per diems for preview and home finding trips, and
  • Meal per diems for preview and home finding trips.

Whether you are a relocation manager or a business leader, investing in the Ask an Expert 2023 Allowances & Per Diems Benchmark Report today can help you make the most informed decisions for your relocation budget and employee benefits policies.

See more data and download the complete 2023 Allowances & Per Diems Benchmark Report “Ask an Expert” here.

The Ask an Expert 2023 Allowances & Per Diems Benchmark is intended for informational purposes only.

About WHR Global

WHR Global (WHR) is a private, client-driven global relocation management company distinguished by its best-in-class service delivery and cutting-edge, proprietary technology. WHR has offices in the United States, Switzerland, and Singapore. With its 100% client retention rate for the past decade, WHR continues to position itself as the trusted leader in global employee relocation. WHR lives by its vision and passion for Advancing Lives Forward® and Making the Complex Simple. To learn more about WHR, visit https://www.whrg.com/, or follow on LinkedIn or Twitter.

Contact:
Sean Thrun, Strategic Initiatives Manager
+1-262-746-1314
Sean.Thrun@whrg.com

GlobeNewswire Distribution ID 8874927

Neology Acquires Shimmick’s Transportation Operations & Management Solutions Business to Augment Tolling Operations and Strengthen Core Capabilities

CARLSBAD, Calif., July 17, 2023 (GLOBE NEWSWIRE) — Neology, a global innovator that is [re]imagining mobility, today announced the acquisition of Shimmick’s Transportation Operations & Management Solutions (TOMS) business to expand its transportation revenue and operations capabilities. This Sunrise, Florida-based division of Shimmick provides technology advisory as well as tolling operations and maintenance solutions to government agencies and transit businesses. Expertise includes tolling operations program management, fleet assessment, and other consultancy services.

Neology is an established leader in end-to-end tolling systems integration and transportation technology, providing roadside hardware and software as well as Back Office systems throughout the U.S., Mexico, Europe, and Asia-Pacific. Today, Shimmick operates the Commercial Back Offices for Washington State Department of Transportation and Central Florida Expressway Authority. The combination of Neology’s integrated solutions and Shimmick’s operations expertise positions Neology to better serve customers and road users.

“The key to reimagining mobility in the tolling industry is to have the right talent, processes, and culture,” says Bradley H. Feldmann, Neology Chairman and CEO. “With the TOMS team, we are gaining talent, adding services capabilities, strengthening our processes, and enriching our culture to better serve our tolling customers and ultimately, help them better serve their customers.”

Steve Richards, President & CEO of Shimmick, said, “This sale is an important step in our long-term strategy to focus our resources on core areas of our business in the water and transportation infrastructure markets where we see the most potential for growth and innovation. We are delighted to see our transportation O&M division acquired by Neology, a company that will undoubtedly continue to provide outstanding results for our valued customers. Neology’s customer-centric culture assures us that they will uphold the high standards and commitment to excellence that our longstanding partners have come to expect.”

About Neology: Neology, Inc. is a global technology company headquartered in Carlsbad, California, with manufacturing and operations facilities in the United States, United Kingdom, and Mexico. Neology is [re]imagining mobility by combining Artificial Intelligence with state-of-the-art tolling, automated vehicle classification, data processing, and digital payment systems. It is our mission to help communities around the world enhance mobility, increase sustainability, and improve safety.

Neology Media Contact:
Catherine Phifer
cphifer@neology.net

About Shimmick: Shimmick, a top ten water and transportation contractor, is a trusted partner providing innovative, cost-effective solutions to meet unique operational and construction challenges. Shimmick has successfully delivered projects across the U.S. spanning nearly every civil market segment from bridges and rail transit to dams and wastewater treatment facilities. Working from coast to coast, Shimmick has more than 2,000 employees and is headquartered in Irvine, CA, with regional offices in Suisun City, CA, and Denver, CO.

Shimmick Media Contact
Tonya Sandman
tonya.sandman@shimmick.com

GlobeNewswire Distribution ID 8874923

Stop Start Unlocks Distribution Capacity with Descartes’ Last Mile Delivery Solution

LONDON and ATLANTA, July 17, 2023 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announces that UK-based Stop Start Transport Limited, a provider of distribution, warehousing and logistics services, is undertaking a digital transformation of its business by using Descartes’ last mile delivery solution to unlock distribution capacity, enhance customer communications and enable more effective management of logistics data. The Stop Start business, which specialises in transporting bulky and high-value goods that need to be handled with extra care, has replaced manual delivery management processes with the cloud-based Descartes last mile solution. Early results show that Stop Start has decreased its daily route planning time by over 75% and achieved more efficient customer communications and invoicing.

“Stop Start is experiencing high levels of customer demand. However, our growth has been limited in part by our labour-intensive route planning and order processing capacity. It used to take roughly four hours for three colleagues to plan and optimise approximately 1,000 deliveries daily across our 50-vehicle fleet,” said Chris Pullen, CEO, Stop Start. “With Descartes, we can reduce this to one hour with one employee, allowing us to significantly increase productivity and redeploy staff to wider strategic initiatives. The level of automation and digitisation we have already achieved using the solution has fundamentally transformed our logistics operations. This, combined with robust track-my-order functionality, means that customer experience has significantly improved.”

Descartes’ last mile delivery solution helps distribution-intensive companies improve operational efficiency and the customer experience. It supports dynamic delivery requirements, including same-day delivery, by offering flexible, efficient and cost-effective time windows and delivery options. Descartes’ route planning and optimisation solution also decreases costs. Using advanced optimisation technology, the solution takes committed delivery times and improves how routes are planned and executed, which generates additional delivery capacity and reduces costs. With an integrated GPS-based mobile application, the solution coordinates drivers, dispatchers and call centers to ensure that routes are executed according to plan and exceptions are handled efficiently. Customer self-service web and mobile tracking solutions allow customers to track their orders in real-time. The solution improves sustainability through the elimination of paper and improved route productivity.

“We’re pleased to help Stop Start improve its productivity to meet growing demand for high-value, high-touch delivery services,” said Peio Ribas, SVP Sales EMENAR, Descartes. “Descartes’ last mile delivery solutions are designed to automate and streamline delivery processes, allowing logistics services companies to be more efficient and effective, which is so important as many organizations face resource shortages and escalating costs.”

About Stop Start

Stop Start is a leading delivery business specialising in B2B and B2C deliveries of large and difficult to handle fragile items. Our core business supports the kitchen and bathroom sector with a next day delivery service with national coverage. The Stop Start service is based on high levels of product care and customers service, filling the gap between the parcel network and pallet deliveries. A customer service lead business, Stop Start is continuing to invest in digital solutions that enhance efficiency and deliver best in class customer propositions. Stop Start is a portfolio company of Storskogen, a Swedish listed international group of companies. http://www.stop-start.co.uk/

About Storskogen

Storskogen is an international group of businesses across Trade, Industry, and Services. We are uniquely positioned to identify, acquire, and develop market leaders with sustainable business models over an infinite ownership horizon. Storskogen creates value by providing access to capital and strategic direction combined with active governance and a decentralised operational model. Storskogen has over 12,900 employees, net sales of SEK 36.5 billion (LTM) across a diversified group of businesses and is listed on Nasdaq Stockholm. www.storskogen.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.

Media Contact
Andrew Tavener
Tel: +44 (0)7833 444047
atavener@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 offerings 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 8874864