Daily Archives: April 23, 2021

The U.S. Small Business Administration has released the first round of technology partners participating in a new initiative for the Restaurant Revitalization Fund (RRF) a program that will allow eligible restaurants and other food establishments to access the RRF application or data they need to fill out the application through their trusted point-of-sale (POS) service providers.

SBA is proud to announce partnerships with Clover , NCR Corporation, Square, and Toast in this groundbreaking effort to provide a customer-centric approach to the delivery of relief funds.

The SBA is partnering with point-of-sale providers to leverage technology to better reach the smallest businesses that need our help the most. This collaboration is just one example of the many innovative and creative ways were connecting with entrepreneurs in the hardest-hit and underserved communities, said SBA Administrator Isabella Casillas Guzman. The SBA must be as entrepreneurial as the entrepreneurs we serve. These partnerships enable us to meet small businesses where they are, instead of waiting for them to come to us.

Under Administrator Guzmans leadership, the SBA is prioritizing inclusion and equity in its programs as outlined by Congress. As small business entrepreneurs have been asked to pivot and adapt to the new COVID-19 marketplace, the SBA is doing the same and ensuring it provides equitable distribution of funds and easier access to disaster relief programs.

As restaurant sellers prepare for reopening, were working with the SBA to provide them with the tools and services they need to rebuild, said Bruce Bell, head of Square for Restaurants. Were honored to partner with the SBA in this important initiative, as we continue to support our sellers on the challenging road ahead.

The restaurant industry has been hit hard by the pandemic, and we are pleased to work with the SBA to help our customers easily access and navigate the Restaurant Revitalization Fund application process, saidNick DeLeonardis SVP & GM, Payments, Lending, and Payroll at Toast. As the Biden Administration continues to roll out new programs, this partnership will serve as an example of ways in which the public and private sectors can work together to serve the greater good.

Once the SBA announces when applications will be accepted, qualifying restaurants will be able to work directly with their point-of-sale service providers to help them apply for the RRF. Each point-of-sale partner is helping in different ways from providing a fully integrated application experience, to building pre-packaged point-of-sale documentation, to holding interactive webinars. In all cases, these partnerships allow for thousands of restaurant owners to accelerate their application submission process.

Restaurants have been scrambling to survive the downturn caused by the pandemic, saidDirk Izzo, President and General Manager, NCR Hospitality. We are committed and honored to do our part to facilitate access to much-needed financial support for our customers so they can keep their businesses running.

By working alongside the SBA we are expediting the Restaurant Revitalization Fund application process for restaurants using Clover or Fiserv technology, facilitating faster access to much-needed capital so they can continue to serve customers and their communities, said Jeff Dickerson, Head of Clover from Fiserv. We are proud to do our part to support a critical initiative that will aid restaurant reopening and do so with a focus on revitalizing women-owned, veteran-owned, and minority-owned restaurants.

While SBA encourages applicants to use the POS ecosystem, applicants without access to point-of-sale service providers can submit their applications electronically at https://restaurants.sba.gov/.

SBA is in ongoing conversations with other interested parties to continue to widely and equitably deliver an experience that is centered around who it is serving owners of restaurants, bars, breweries, bakeries, etc. Point-of-sale service providers who are interested in participating in this program should email restaurants@sba.gov. A full list of official point-of-sale service providers will be continually updated and can be found at https://restaurants.sba.gov/.

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SBA Announces First-of-Its-Kind Technology Initiative for Restaurant Revitalization Fund - Drgnews

HEFEI, China & EWING, N.J.--(BUSINESS WIRE)--Universal Display Corporation (Nasdaq: OLED), enabling energy-efficient displays and lighting with its UniversalPHOLED technology and materials, and Visionox Technology, Inc. (), a leading Chinese display panel manufacturer, today announced the extension of their long-term OLED material supply and license agreements. The agreements extend Universal Displays supply of its proprietary UniversalPHOLED phosphorescent OLED materials and technology to Visionox Hefei Technology Co. Ltd. () through its wholly-owned subsidiary UDC Ireland Limited. The new agreements run for five years. Further details and financial terms of the agreements have not been disclosed.

It is an exciting time in the OLED market as new products are launched that showcase the benefits of innovative form factor, high contrast ratio, wide color gamut, rich color saturation and fast response times, said Zhang Deqiang, President of Visionox Technology, Inc. We are pleased to strengthen our partnership with Universal Display Corporation and extend our material and license agreements. Our collaboration with UDC enables us to reach our goal of providing best-in-class, energy-efficient, OLED displays in this growing industry.

We are pleased to expand and extend our long-term agreements with Visionox Technology to ensure the continued supply of our highly-efficient, high-performing, proprietary, phosphorescent materials for their broadening OLED product portfolio, said Steven V. Abramson, President and Chief Executive Officer of Universal Display Corporation. Visionoxs investments in OLED capacity, including its new Gen 6 flexible Hefei fab, are expected to help fuel the ongoing proliferation of cutting-edge OLEDs in the consumer electronics landscape. With our deep and broad experience and know-how of more than two-and-half decades of pioneering research, we are continually discovering, designing and delivering the best OLED emissive layer materials to support and enable the industry and look forward to further growing our partnership with Visionox.

About Visionox Technology, Inc. ()

Founded in 2001, Visionox is the world's leading supplier of integrated advanced display solutions, and its origin can be traced to the Tsinghua University OLED (Organic Light Emitting Display) research group, established in 1996. The company operates under a vision of pushing boundaries to enhance the experience of vision and a mission of leading China's OLED industry through technological innovation. With over 20 years of experience in OLED technology, Visionox has become a globally leading enterprise in the OLED industry, covering R&D, production and sales. The field of OLED technology has become competitive around the world. Visionox practices constant self-innovation, steadily working to develop OLED technology and the OLED industry, from basic research to pilot production to mass production. Visionox has mastered many core OLED technologies and holds more than 8,500 key OLED patents to date. It has also received a number of prestigious awards including First Prize in the State Technological Invention Award (issued by the State Council of the PRC) and the China Patent Gold Award (jointly issued by the WIPO and the Chinese Patent Office). In 2002, Visionox spearheaded the formulation of OLED international and national standards and continues to lead the endeavor. Visionox is responsible for the formulation and revision of four OLED international standards and leading the framework for six OLED national standards and four OLED industrial standards. Visionox has secured a dominant position among international competition, becoming a leading voice in China's industrial development. Leveraging its existing technological advantages and embracing new trends, Visionox actively explores technological frontiers that represent the future of the industry, such as flexible AMOLED technology. Visionox has successfully created many of the world's firsts, including the world's first fully scrollable AMOLED display, the world's first bi-directional foldable single-axis display module and many other flexible products. With products boasting a folding radius as small as 1.6 mm, Visionox has made repeated breakthroughs in flexible foldable technology. It has also formulated two international standards for flexible display, and leads the world in flexible OLED technology. Visionox focuses on OLED technology and industrial development, with a commitment to independent innovation and keeping the development of China's OLED industry on pace with the rest of the world. Visionox provides customers with a high-quality visual experience and has incorporated China's supply-side structural reform. Embracing the belief that innovation is the soul of an enterprise, Visionox always strives for world-class excellence, endeavoring to provide the most-advanced display solutions that enhance the experience of vision. For more information, please visit http://www.visionox.com/.

About Universal Display Corporation

Universal Display Corporation (Nasdaq: OLED) is a leader in the research, development and commercialization of organic light emitting diode (OLED) technologies and materials for use in display, solid-state lighting applications with subsidiaries and offices around the world. Founded in 1994, the Company currently owns, exclusively licenses or has the sole right to sublicense more than 5,000 patents issued and pending worldwide. Universal Display licenses its proprietary technologies, including its breakthrough high-efficiency UniversalPHOLED phosphorescent OLED technology that can enable the development of energy-efficient and eco-friendly displays and solid-state lighting. The Company also develops and offers high-quality, state-of-the-art UniversalPHOLED materials that are recognized as key ingredients in the fabrication of OLEDs with peak performance. In addition, Universal Display delivers innovative and customized solutions to its clients and partners through technology transfer, collaborative technology development and on-site training. To learn more about Universal Display Corporation, please visit https://oled.com/.

Universal Display Corporation and the Universal Display Corporation logo are trademarks or registered trademarks of Universal Display Corporation. All other company, brand or product names may be trademarks or registered trademarks.

All statements in this document that are not historical, such as those relating to the impact of the COVID-19 pandemic on the Company and otherwise, the Companys technologies and potential applications of those technologies, the Companys expected results and future declaration of dividends, as well as the growth of the OLED market and the Companys opportunities in that market, are forward-looking financial statements within the meaning of the Private Securities Litigation Reform Act of 1995. You are cautioned not to place undue reliance on any forward-looking statements in this document, as they reflect Universal Display Corporations current views with respect to future events and are subject to risks and uncertainties that could cause actual results to differ materially from those contemplated. These risks and uncertainties are discussed in greater detail in Universal Display Corporations periodic reports on Form 10-K and Form 10-Q filed with the Securities and Exchange Commission, including, in particular, the sections entitled Risk Factors in Universal Display Corporations Annual Report on Form 10-K for the year ended December 31, 2020 and subsequent Quarterly Reports on Form 10-Q. Universal Display Corporation disclaims any obligation to update any forward-looking statement contained in this document.

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Visionox Technology, Inc. and Universal Display Corporation Extend Long-Term OLED Agreements - Business Wire

Technology can recycle all forms of plastic including multi-layer, flexible plastics often used in food packaging.

Dow to play pivotal role in Muras global rollout of 1MM metric tonnes of recycling capacity by 2025.

Dow to receive supply of recycled feedstocks made from plastics waste from Muras first-of-its-kind plant in Teesside, UK, supplying major brands across the globe with sustainable plastic products.

Future Mura sites planned in US, Germany, and Asia as Muras global rollout accelerates.

Today Dow (NYSE: DOW) a global leader in materials science, and Mura Technology, the global pioneer of an advanced plastic recycling solution, announced a partnership to help keep plastic waste out of the environment.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210422005594/en/

The collaboration will support the rapid scaling of Muras new HydroPRS (Hydrothermal Plastic Recycling Solution) advanced recycling process aimed at preventing plastic and carbon from entering the natural environment while creating the feedstocks for a sustainable, circular plastics economy. The deal marks an important step in Dows commitment to advance a circular economy for plastics and keep plastic waste from entering the environment.

The partnership combines Dows materials science capabilities, global scale and financial resources with Muras leading technology, to produce the circular feedstocks which are then converted into the recycled plastics that consumers and global brands are increasingly seeking.

Muras proprietary solution, HydroPRS, is a revolutionary advanced recycling process that uses supercritical steam to convert plastics back into the chemicals and oils from which they were made, for use in new, virgin-equivalent plastic products. HydroPRS can recycle all forms of plastic including multi-layer, flexible plastics used in packaging, which are currently harder to recycle and often incinerated or sent to landfill.

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Importantly, the plastics produced using these recycled products are expected to be suitable for use in food-contact packaging, unlike most conventional recycling processes. With Muras process there is no anticipated limit to the number of times the same material can be recycled meaning it has the potential to significantly reduce plastics being used once and make the raw ingredients for a circular plastics economy. In addition, advanced recycling processes are expected to save approximately 1.5 tonnes of CO2 per tonne of plastic recycled, compared to incinerationi of unrecycled plastics.

Dow will play an important role as a global manufacturer of plastic, proving that Muras solution can meet both the sustainability and performance needs of the industry and that the products made via HydroPRS can be employed at scale to make new plastics. The worlds first plant using HydroPRS is in development in Teesside, UK, with the first 20,000 tonne per year line expected to be operational in 2022. Once all four lines are complete, Mura will be able to recycle up to 80,000 tonnes of plastic waste per year, providing Dow with materials produced by the process. Dow will use these materials to develop new, virgin-grade plastic for applications such as food packaging and other packaging products to be re-circulated into global supply chains, creating a true circular plastics economy.

Carsten Larsen, Commercial Director Plastic Circularity EMEA & APAC, Dow Packaging and Specialty Plastics commented: "We are delighted to offer our investment and expertise to support the development of this truly game-changing recycling process. We are committed to enacting real change to stop plastic going to waste and accelerate moves towards a more circular economy. We know achieving this goal will take major innovation and investment and we cant do it alone. Thats why our partnership with Mura is so exciting and why we believe it will form a key pillar of our recycling strategy going forward."

Dr Steve Mahon, CEO of Mura Technology, said: "Plastic pollution is a global challenge and our goal is to meet it head on by recapturing millions of tonnes of plastic waste every year and put them to work again as a valuable resource for the worlds biggest brands.

"Were changing the way the world thinks about plastics not as something to throw away, but as a product that can be used over and over again, and sustainably, without damaging our natural environment. Our partnership with Dow will help make this a reality for global brands and deliver a circular plastics economy globally within the next decade."

This lost resource of plastic waste is a huge economic opportunity valued at up to $120 billion per year according to the World Economic Forumii. Global plastic production also creates an estimated 390 million tonnes of CO2 every yeariii equivalent to over 172 million carsiv. While plastic production accounts for approximately 6 percent of global oil consumption today, by deploying technology capable of recycling all plastics and creating the ingredients for a circular plastics economy, advanced recycling can decrease the use of oil by the chemical industry. Mura offers the prospect of dramatically cutting global plastic waste and associated emissions attributed to that waste.

To reduce global plastic waste, Mura has designed its business model for rapid global deployment and is building a global network of partners. Dow joins other major global players such as KBR Inc., a US-based multinational engineering services company, Wood, a global consulting and engineering company, and Igus GmbH, a global leader in industrial plastics, as partners to accelerate the deployment of Muras technology worldwide. Muras HydroPRS process utilises at its core the Cat-HTR technology, which was developed and is owned by Licella Holdings Limited, New South Wales, Australia.

Alongside its first plant in the UK, Mura has identified development opportunities in Germany and the United States where it will develop new recycling plants in both countries in the next five years and Asian markets, as part of a rapid global rollout that will see one million tonnes of recycling capacity in development worldwide by 2025. The partnership with Dow will be a key driver of this goal. Mura is continuing to raise funds to drive further expansion and is in discussions with a range of global investors.

The partnership announced today is another example of how Dow is working with partners to build momentum around breakthrough advanced recycling technologies and to drive game-changing innovations that keep plastic waste from entering the environment. In 2019, Dow announced a partnership with Fuenix to supply feedstock made from recycled plastic waste. The partnership with Mura represents another step in Dows efforts to meet its recently announced sustainability targets to address both climate change and plastic waste.

About Dow

Dow (NYSE: DOW) combines global breadth, asset integration and scale, focused innovation and leading business positions to achieve profitable growth. The Companys ambition is to become the most innovative, customer centric, inclusive and sustainable materials science company, with a purpose to deliver a sustainable future for the world through our materials science expertise and collaboration with our partners. Dows portfolio of plastics, industrial intermediates, coatings, polyurethanes and silicones businesses delivers a broad range of differentiated science-based products and solutions for its customers in high-growth market segments, such as packaging, infrastructure, mobility and consumer care. Dow operates 106 manufacturing sites in 31 countries and employs approximately 35,700 people. Dow delivered sales of approximately $39 billion in 2020. References to Dow or the Company mean Dow Inc. and its subsidiaries. For more information, please visit http://www.dow.com or follow @DowNewsroom on Twitter.

About Mura Technology

Mura Technologys mission is to eliminate global plastic pollution and create sustainable societies.

We are pioneering a globally scalable technology to prevent millions of tonnes of plastic and carbon from entering our natural environment every year and turning an $80 billion lost resource of plastic waste into a valuable global commodity. Our technology can recycle all plastic waste, and produces the ingredients for brand new products, reducing the need for new and fossil-fuel derived plastics.

We are partnering with the biggest global brands to scale worldwide and feed a sustainable plastics economy in the next decade. Our plan is to have capacity for 1,000,000 tonnes of plastic recycling in operation or development by 2025.

The company is based in London, UK. Visit http://www.muratechnology.com/

References and links

idependent analysis by CE Delft, the independent research and consultancy organisation specialised in developing innovative solutions to environmental problems.ii WEF The New Plastics Economy: Rethinking the Future of Plastics iii The Ellen McArthur Foundation the New Plastics Economy: Catalysing Action ivps://www.gov.uk/government/publications/new-car-carbon-dioxide-emissions

View source version on businesswire.com: https://www.businesswire.com/news/home/20210422005594/en/

Contacts

Media Kyle Bandlowkbandlow@dow.com +1 9896382417

Dow Europe Judy Hicksjchicks@dow.com +41 44 7282319

Media Will Spraggwill.spragg@greenhousepr.co.uk +447528307499

Investors Oliver BorekCommercial Directoro.borek@muratechnology.com

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Dow and Mura Technology announce partnership to scale game-changing new advanced recycling solution for plastics - Yahoo Finance

This will continue to be important as countries focus their efforts here. To make renewable energies more resilient in the United States, the Biden administration made a plan to spend $2 trillion over four years to escalate the use of clean energy in the transportation, electricity, and building sectors, creating economic opportunities and strengthening infrastructure while also tackling climate change. Skycatch is also rapidly expanding across Asia and the Pacific Islands. The company plans to collaborate with ADB Ventures and its partners in Japan, China, Indonesia, the Philippines, and Thailand to make infrastructure projects including those for renewable energy more resilient and leverage those solutions throughout the region.

"Asian Development Bank (ADB) aims to play a catalytic role to enable technology in infrastructure projects, which result in reduced carbon footprints and increased safety and operational efficiency," said ADB's Daniel Hersson in a recent TechCrunch article."The enterprise-grade Skycatch technology for capturing, processing and analyzing high accuracy 3D drone data is a critical part to accomplishing that mission."

Skycatch's drone-based computer vision platform for the construction and mining industries reduces more than 30% of the rework by preventing design inconsistencies and providing complete transparency of projects.

"Companies can use digital twin technology to help detect and prevent mistakes from happening during the building process to minimize waste," said Sanz. "At Skycatch, we're on a mission to revolutionize operational and cost efficiency in infrastructure-related projects worldwide through our drone-based 3D computer vision technology."

Skycatch recently closed its Series C round funding, culminating in $25 million raised, led by ADB Venturesand Wavemaker Labs. Other new investors include I2BF Global Ventures, Falkon Ventures, and Gaingels.

"ADB's Sydney-based team is already piloting Skycatch drone-based technology in a project to create highly accurate digital twins of an infrastructure upgrade project during its construction phase,"said Lotte Schou-Zibell, regional director of the Asian Development Bank's (ADB) Pacific Liaison and Coordination Office in Sydney. "This has the potential to use the technology throughout the entire life cycle of an infrastructure project, enabling project implementation that is safer and more efficient while avoidingrework and reducing the overall project carbon footprint."

About SkycatchSkycatch is a drone data company based in the Bay Area founded in 2013 to provide aerial data capture, processing, visualization, and analysis tools to the world's largest companies on their most demanding work sites. Over 10,000 construction and mining sites in more than 20 countries, including Japan, China, Indonesia, the Philippines, Thailand, Chile, Colombia, Peru, Brazil, Australia, Canada, and the United States, use Skycatch's solutions. For more information, visit https://skycatch.com/.

About ADB VenturesSet up by the Asian Development Bank, ADB Ventures is its venture arm that supports and invests in early stage technology companies tackling large unsolved problems in emerging Asia. ADB Ventures typically invests across seed and early stages, providing leading technology companies with risk capital, deep insights, and networks.For more information, please visit https://ventures.adb.org/.

About Wavemaker PartnersWavemaker Partners is an early stage venture capital firm with dual headquarters in Los Angeles and Singapore. Wavemaker is one of the most active early stage investors in Southern California and Southeast Asia and has invested in more than 360 companies over the past 17 years. For more information, please visit https://wavemaker.vc/.

For more information, please contact Maddie Hirsch, Senior PR Strategist at Influence & Co., at [emailprotected].

SOURCE Skycatch

https://skycatch.com/

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Skycatch Announces New Technology Initiatives to Achieve Climate-Resilient Infrastructure Globally - PRNewswire

PITTSBURGH, April 23, 2021 (GLOBE NEWSWIRE) -- IIVI Incorporated (Nasdaq: IIVI), a global leader in engineered materials and optoelectronic components, today inaugurated the II-VI Technology and R&D Center in Shanghai, China. A grand opening ceremony was held with speakers, live entertainment, and facility tours.

The Center is II-VIs largest technology and R&D hub, with nearly 600 employees. The Center will leverage its broad base of talent, including its senior scientists and engineers, to be a world leader in technology and product development, designing the most advanced optical components, subassemblies, and systems, and enabling customers around the world to serve rapidly growing new markets. These leading-edge innovations will unlock the further potential of the Cloud and 5G networks; integrated solutions for life sciences, including in biotechnology, medical, and scientific applications; and high-power lasers for materials processing and additive manufacturing.

We are proud of this milestone event, which happily is taking place during our companys 50th anniversary year and so it gives us another reason to celebrate, said Dr. Vincent D. Mattera, Jr., CEO of II-VI Incorporated. The Technology and R&D Center in Shanghai will be a jewel in the crown for II-VIs worldwide innovation initiatives, focusing on key mega market trends where II-VI will continue to have a significant impact.

The Centers inauguration comes on the heels of II-VIs announcement that it expanded its silicon carbide manufacturing footprint to China to serve the largest worldwide market for electric vehicles. II-VI maintains a large manufacturing operations and product development presence in China in the cities of Fuzhou, Guangzhou, Shanghai, Shenzhen, Suzhou, and Wuxi, where more than half of II-VIs 22,000 employees are located.

As part of its long-term commitment to its customers and operations in China, II-VI has become a member of the National Committee on U.S.-China Relations (NCUSCR) and the U.S.-China Business Council (USCBC). The NCUSCR (ncuscr.org) is a nonprofit educational organization that encourages understanding of China and the United States through ongoing public education, face-to-face contact, and exchange of ideas. The USCBCs (uschina.org) mission is to expand the U.S.-China commercial relationship to the benefit of its membership and, more broadly, the U.S. economy. In order to contribute to the world, II-VI recently became a member of the World Economic Forum (weforum.org) where we will focus our contributions on the advanced manufacturing and production platform, including technology adoption, workforce development, while driving the formation of resilient supply chains.

About II-VI Incorporated

II-VI Incorporated, a global leader in engineered materials and optoelectronic components, is a vertically integrated manufacturing company that develops innovative products for diversified applications in communications, materials processing, aerospace & defense, semiconductor capital equipment, life sciences, consumer electronics, and automotive markets. Headquartered in Saxonburg, Pennsylvania, the Company has research and development, manufacturing, sales, service, and distribution facilities worldwide. The Company produces a wide variety of application-specific photonic and electronic materials and components, and deploys them in various forms, including integrated with advanced software to support our customers. For more information, please visit us at http://www.ii-vi.com.

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II-VI Incorporated Inaugurates Technology and R&D Center in Shanghai - GlobeNewswire

SAN CARLOS, Calif.--(BUSINESS WIRE)--JetBlue Technology Ventures (JTV), the venture capital subsidiary of JetBlue Airways (Nasdaq: JBLU), today announced its investment in Universal Hydrogen, the company fueling carbon-free flight, as part of its $20.5M Series A funding round. The financing allows Universal Hydrogen to accelerate the development of its hydrogen logistics network and regional aircraft conversion kits, and bolsters its burgeoning commercial activities.

JTVs primary goal is to better position JetBlue with startup-led innovation set to disrupt the travel industry, ultimately helping JetBlue chart a path toward net zero emissions. JTV supports JetBlues ambitious sustainability strategy and targets by investing in technology focusing on advanced methods of measuring and reducing emissions, improved environmental protections, and game-changing transportation. In 2020 JetBlue became the first U.S. airline to achieve carbon neutrality for all domestic flying, today primarily through carbon offsets while the industry builds up lower-carbon technologies to reduce direct emissions.

Universal Hydrogen is building a fuel distribution network that connects hydrogen production directly to the airplane using modular capsules that are transported using the existing freight network, avoiding the need for costly new pipelines, storage facilities, and fuel trucks. The company is also developing conversion kits to retrofit existing 40-60 passenger regional airplanes with a hydrogen fuel cell powertrain.

Our investment in Universal Hydrogen is highly aligned with JetBlues environmental objectives, and this partnership allows the airline a seat at the table in the fast-developing hydrogen for aviation sector and provides valuable insight into the options, progress, and viability of hydrogen to help decarbonize aircraft operations, said Jim Lockheed, Investment Principal at JTV.

Universal Hydrogen was founded in 2020 by aviation industry veterans Paul Eremenko, John-Paul Clarke, Jason Chua, and Jon Gordon. First commercial flights are planned no later than 2025, with operating costs equivalent to those of conventional hydrocarbon-burning airplanes and decreasing rapidly thereafter.

We see the near-term decarbonization of regional aviation as a first step and catalyst, setting the whole industry on a path to meeting Paris Agreement emissions targets. Hydrogen is today the only viable fuel for getting to true zero emissions in commercial aviation, and our goal is to de-risk the decision for Airbus, Boeing, and COMAC to make their next new airplane in the 2030s a hydrogen-powered one, said Paul Eremenko, Universal Hydrogen co-founder and CEO.

The financing was led by Playground Global, and other investors include Fortescue Future Industries, Coatue, Global Founders Capital, Plug Power, Airbus Ventures, Toyota AI Ventures, Sojitz Corporation, and Future Shape.

About JetBlue Technology Ventures

JetBlue Technology Ventures invests in and partners with early stage startups innovating in the travel, transportation, and hospitality industries. The company prioritizes investments that advance the seamless customer-centric journey; technology powered customer service; the future of operations and maintenance; distribution, loyalty, and revenue management; and evolving regional travel. Founded in 2016, JetBlue Technology Ventures is a wholly-owned subsidiary of JetBlue (NASDAQ: JBLU) and is located in Silicon Valley, California. For more information, visit http://www.JetBlueVentures.com.

About Universal Hydrogen

Universal Hydrogen is making hydrogen-powered commercial flight a near-term reality. The company takes a flexible, scalable, and capital-light approach to hydrogen logistics by transporting it in modular capsules over the existing freight network from green production sites to airports around the world. To accelerate market adoption, Universal Hydrogen is also developing a conversion kit to retrofit existing regional airplanes with a hydrogen-electric powertrain compatible with its modular capsule technology.

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JetBlue Technology Ventures Invests in Universal Hydrogen to Support the Airline's Ambitious Sustainability Strategy - Business Wire

TipRanks

The stock market pulled back from all-time highs this week, as investors paused to consider just whats been goosing stocks and what the future may hold. A flood of stimulus cash, unleashed by the Biden Administrations big spending bills, is set to push GDP growth to 9% for 3Q21, but next year looks like it will slip back as the spending runs its course. Economists are predicting 5.5% GDP growth next year. This bodes poorly for cyclical stocks, which tend to reflect macro volatility. As Morgan Stanleys chief US equity strategist Mike Wilson said, Peak rate of change on economic data and earnings revisions... are all contributing to the deterioration in lower-quality, smaller-capitalization, and the more cyclical parts of the market. Dividend stocks, however, are more stable than the cyclicals, and while their average returns are lower, they offer the advantage of a steady return regardless of economic conditions. B. Riley analyst Matthew Howlett has been looking into the real estate trust segment, a group of stocks long-known for dividends that are both high and reliable. Howlett pointed out two stocks, in particular, that are showing dividend yields in excess of 7% and deserve a 'buy' rating. Ladder Capital Corporation (LADR) Well take a step into the real estate investment trust (REIT) niche, with Ladder Capital, a specialist in commercial mortgages. Ladder has operations in 48 states, and 475 cities. The average loan size is $19 million, and the company has securitized or sold a cumulative total of $16.7 billion commercial loans. Operations are backed by companys $5.9 billion in assets. Ladder Capital has seen a series of headwinds in the past year. The corona pandemic, of course, was the major crisis but for a commercial mortgage lender, the problem was broader. Loan customers were taking their own hits, and finding themselves unable to meet payments. As a result, Ladder saw its quarterly results in 2020 show deep declines, and greater volatility, when compared to 2019. On the positive side, Ladder finished the year 2020 with $1.25 billion in cash and cash equivalents. The final quarter of 2020 saw top line revenues of $77.9 million, compared to $135.4 million in the prior years Q4. Distributable earnings, however, came in at $4.9 million and the company declared a dividend of 20 cents per common share, which was paid out on April 15. This marked the fifth quarter in a row with the dividend at this level. The current payment annualizes to 80 cents per share, and gives a yield of 7%. Despite the challenging economic environment, LADR shares are up an impressive 79% over the past 12 months. B. Riley's Matt Howlett expects the momentum to continue, and sees Ladder with a firm foundation to move forward. [The] companys loan originator has been a top CMBS loan contributor since the 2008-2009 financial crisis and is well positioned to contribute to LADRs earnings growth as the conduit market rebounds post-pandemic, Howlett noted. Howlett especially likes the companys cash position, noting that it should allow the company to accelerate growth of its core investment portfolio." The analyst sees "upside potential to the dividend (forecasted to increase to $1.05 in 2022) as originations ramp steadily and legacy higher cost debt (Koch/legacy CLO) pays down. Backing these comments with a Buy rating, Howlett sets a $14 price target to suggest room for 21% growth in the next 12 months. (To watch Howletts track record, click here) Overall, Ladder gets a Moderate Buy rating from Wall Streets analysts, based on 6 recent reviews that include 5 Buys but also a single Sell. LADR shares are currently priced at $11.58, with an average target of $12.58 pointing toward 9% upside potential this year. The real attraction for investors here is the strong dividend yield. (See LADR stock analysis on TipRanks) Cherry Hill Mortgage (CHMI) The second stock were looking at, Cherry Hill, is another REIT, this one with a focus on the residential markets. Cherry Hills portfolio includes mortgage servicing rights, mortgage backed securities, and other mortgage assets in the residential market. After a steep earnings drop in the first quarter last year, to a loss of $2.80 per share, Cherry Hill has seen sequential growth in the past three quarters. The fourth quarter of 2020 saw EPS return to positive values, with a print of 37 cents per share. Like most REITs, Cherry Hill pays out a reliable dividend. The company has been maintaining the payments since the fourth quarter of 2014, adjusting it when needed to keep it in line with income. For the most recent quarter, the dividend was declared at 27 cents per common share, or $1.08 annually. At this rate, the dividend yields an impressive 11.5%. CHMI's strong defensive characteristics and attractive dividend yield drew it to the attention of B. Rileys Howlett. [We] believe the portfolio is better insulated against basis risk and would perform better in a rising rate environment We believe that CHMI's strong liquidity profile puts it in strong position to deploy capital accretively during 1H21," Howlett opined. The analyst continued, "We expect: 1) slower prepayment speeds and 2) declining servicing costs in 2H21 to be key drivers of higher core ROEs going forward. Our 12.5% ROE forecast for 2022 should allow the company to increase its quarterly dividend to $0.30 based on our model. In line with his upbeat outlook, Howlett rates Cherry Hill a Buy. His $11.50 price target implies that the stock has room to gain 21% in the next 12 months. CHMI has slipped under most analysts radar; the stocks Moderate Buy consensus is based on just two recent ratings; Buy and Hold. With shares trading at $9.43, the $10.75 average price target suggests room for a 14% upside. (See CHMI stock analysis on TipRanks) To find good ideas for dividend stocks trading at attractive valuations, visit TipRanks Best Stocks to Buy, a newly launched tool that unites all of TipRanks equity insights. Disclaimer: The opinions expressed in this article are solely those of the featured analysts. The content is intended to be used for informational purposes only. It is very important to do your own analysis before making any investment.

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Apria Healthcare Collaborates with Rackspace Technology to Leave the Data Center Resulting in Improved Customer Experience and Increased Savings -...

ATLANTA--(BUSINESS WIRE)--Interactive College of Technology (ICT) and DeVry University are partnering to provide a seamless pathway for ICT graduates who earn their associate degree to continue their academic journey towards a bachelors degree at DeVry. The transfer agreement also provides a complimentary course to prepare for college, tuition savings, and waived application fee for ICT alumni, faculty and staff in addition to the credit transfer pathway.

Since 1982, ICT has been committed to student success by offering a low student-to-instructor ratio, hands-on skills training, and industry certifications to help graduates achieve their goals.

Now more than ever, we are seeing companies embracing employees working from home, and in order for those entering the new virtual workforce to compete they will need training and technology skills, said Thomas Blair, ICT president. ICT has a rich history of reaching an underserved market to prepare students with the skills needed for this fast-paced changing world, and we believe DeVrys commitment to students mirrors ours.

Students who transfer to DeVry can earn a bachelors degree in accounting, business administration, computer information systems, healthcare administration management and technical management, either online or at their Alpharetta and Duluth locations. They are immediately assigned a Student Support Advisor who works one-on-one with students for course selection, academic planning, financial aid, and graduation requirements.

We are pleased to work in collaboration with ICT in making the academic transfer process seamless for students to continue their education, said Shantanu Bose, Ph.D. provost and chief academic officer at DeVry University. The partnership also invites ICT to engage in our talent development initiatives such as talent acquisition support, professional development and skills gap training.

The partnership with DeVry also allows five ICT managers the opportunity to enroll in DeVrys Accelerated Leadership Basics, a three-module program that provides strategic skills development to support their professional growth.

DeVry has transfer agreements with six other Georgia colleges and universities to offer students opportunities to pursue advanced degrees. Visit https://www.devry.edu/admissions/transfer-applicants/georgia.html for more information.

About Interactive College of Technology

Interactive College of Technology (ICT) is focused on providing the training required for emerging, in-demand careers, and strives to prepare students for careers that satisfy the needs of students and the community. Founded in 1982, the college offers associate degrees, diploma degrees, and English as a Second Language certifications both onsite and through hybrid delivery within five areas of study: Accounting, Business, Healthcare, Technology, and Trade Programs. The college has 7 campuses located in Georgia, Texas, and Kentucky, with the main campus located in Atlanta, Georgia, and is accredited by the Council on Occupational Education (COE, council.org). To learn more, visit http://www.ict.edu.

About DeVry University

DeVry University strives to close societys opportunity gap by preparing learners to thrive in careers shaped by continuous technological change. Founded in 1931, the university offers undergraduate and graduate programs onsite and online within six areas of study: Accounting, Business, Healthcare, Technology, Liberal Arts, and Media Arts & Technology. The university is accredited by The Higher Learning Commission (HLC, http://www.hlcommission.org/). To learn more, visit devry.edu.

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Interactive College of Technology and DeVry University Partner to Create Unique Academic Pathway to Offer Students Easy Transfer - Business Wire

SEATTLE, April 22, 2021 /PRNewswire/ --Airbiquity, a global leader in connected vehicle services today announced the expansion of a multi-year technology collaboration with NXP Semiconductors to pre-integrate and demonstrate efficient, secure, and highly scalable automotive software updates and data management for intelligent connected vehicles. The latest integration effort between the two companies showcases essential vehicle-wide support for evolving software-defined vehicles using Airbiquity over-the-air (OTA) software update and data management services, a NXP service-oriented gateway serving as the primary ECU, and additional NXP automotive processing platforms serving as secondary domain ECUs.

As the automotive industry continues to evolve the importance of software and data is increasing along with the management challenges for automakers. Addressing these challenges requires a combination of a leading OTA software and data management solution combined with high-performance vehicle network processors optimized to handle high-speed data traffic.Airbiquity and NXP accomplish this by pre-integrating the most recent versions of the Airbiquity OTAmatic software update and data management platform with the NXP S32G2 vehicle network processor platform to provide centralized in-vehicle software and data management orchestration - including support for the Uptane automotive security framework. Additional NXP automotive processing platforms serving as secondary domain ECUs are an i.MX 8QuadMax platform for the head unit, an i.MX 6Quad platform for the instrument cluster, a S32K148 for body control, and a S32S247TV platform for EV/powertrain control.

"Airbiquity's OTAmatic solution was specifically designed to enable over-the-air software updates and data collection services for every ECU in a vehicle" said Keefe Leung, Airbiquity Vice President of Product Management. "We have simultaneously shown the flexibility of our solution to address all of our customers' needs and expanded our partnership with NXP, a leader in supplying processors for the automotive industry, by pre-integrating OTAmatic with a variety of their most popular platforms."

"NXP's latest collaboration with Airbiquity addresses the need to extend OTA services and data management across intelligent connected vehicles to help fuel today's software-driven automotive digital transformation" said Brian Carlson, Global Marketing Director for Vehicle Control and Networking Solutions at NXP. "With OTAmatic pre-integration across a wide range of NXP automotive processing platforms we can help accelerate vehicle-wide integration efforts and create more opportunities for automakers to bring new vehicle services to the market more quickly."

About AirbiquityAirbiquity is a pioneer in automotive telematics software technology and cloud-based connected vehicle service delivery. Always at the forefront of automotive innovation, Airbiquity concepts, engineers, and deploys the industry's most advanced connected vehicle solutions. Working with Airbiquity, automakers and automotive suppliers have realized highly scalable, manageable, and secure connected vehicle programs meeting the needs of their customers in over 60 countries around the world. Airbiquity's latest offering is OTAmatic for multi-ECU over-the-air (OTA) software and data management featuring vehicle and cloud-based software components and the Uptane security framework for comprehensive cybersecurity protection. Learn more about Airbiquity and OTAmatic at http://www.airbiquity.com or join the conversation @Airbiquity.

Media Contact: Zach Pickett [emailprotected]

SOURCE Airbiquity

http://www.airbiquity.com

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Airbiquity and NXP Expand Technology Collaboration to Address Automaker Challenges with Managing Software and Data for Intelligent Connected Vehicles...

ROCKY HILL, Conn., April 23, 2021 /PRNewswire-PRWeb/ -- Lumeda Inc., a medical technology company focused on applying Photodynamic Therapy (PDT) as an adjuvant treatment for lung cancer patients, today announced it has been selected for inclusion in the Hartford Business Journal's inaugural Tech 25. The list includes "companies to watch" from a wide range of industries that are making moves with new products, raising capital, or have a promising technology or drug that can generate revenue while also potentially saving lives and creating new jobs.

"We are pleased to have been selected by HBJ to join an impressive lineup of companies as part of the inaugural Tech 25 class," said Sandy Zinke, Lumeda CEO. "This recognition comes at a time of great momentum for Lumeda, on the heels of having closed our Series A financing in March and as we plan to complete a prototype of our DigiLum system in May for upcoming clinical evaluation."

Lumeda is advancing a medical device innovation demonstrated by Roswell Park Comprehensive Cancer Center for applying PDT to treat lung malignancies. PDT is a two-stage cancer treatment that involves a photosensitizer drug that preferentially collects within cancer cells and then produces cell death and tumor structural change upon light activation. PDT has been shown to significantly improve patient outcomes, however the adoption of PDT in treating lung cancer has been limited due to its manual and time-consuming method of administration.

Lumeda's new DigiLum system applies advanced photonics and proprietary Artificial Intelligence (AI) software to enable thoracic surgeons to control dosimetry, reduce treatment time and capture data for future treatment planning. Two Phase I clinical studies to evaluate safety and effectiveness are planned to begin at Roswell Park in 2021.

About Lumeda:

Lumeda Inc. is a medical technology company advancing photodynamic therapy (PDT) as an adjuvant treatment for patients with non small-cell lung cancer (NSCLC) and other thoracic malignancies. PDT is a two-stage cancer treatment that involves a photosensitizer drug that preferentially collects within cancer cells and then produces cell death and tumor structural change upon light activation. PDT has been shown to significantly improve patient progression-free and overall survival when applied intraoperatively following surgical lung cancer tumor resection. Lumeda's new DigiLum system applies advanced photonics and proprietary Artificial Intelligence (AI) software to enable thoracic surgeons to control dosimetry, reduce treatment time and capture data for future treatment planning. The multidisciplinary Lumeda team has decades of experience in the photonics industry, with expertise in systems engineering and commercialization of new medical technology. For more information, please visit lumedainc.com.

Media Contact

Paul E. Sanders, Lumeda Inc., 1 860 614-0849, pauls@lumedainc.com

SOURCE Lumeda Inc.

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Lumeda Selected as one of the 25 Technology Companies to Watch in the Greater Hartford Area - WFMZ Allentown