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Duke Robotics Announces Commercial Launch of IC Drone for High-Voltage Insulator Washing Services

UAS Drone Corp.

Duke Robotics Corp. (OTCQB: DUKR) (formerly known as UAS Drone Corp, OTCQB: USDR) (the “Company” or “Duke Robotics”), a leader in advanced robotics technology and autonomous drone solutions, is pleased to announce the successful completion of the development and official launch of its innovative IC Drone, a first-of-its-kind system for washing high-voltage electric insulators. Following an extensive development phase and successful pilot testing, the IC Drone is now fully operational with the Israel Electric Corporation (IEC) and positioned for deployment with other utility providers worldwide. The IC Drone’s advanced technology provides utility companies with a safer, more efficient, and environmentally sustainable solution for maintaining high-voltage electric infrastructure than the currently available methods. This state-of-the-art, drone-enabled system replaces traditional methods that rely on large, resource-intensive tanker trucks or helicopters, achieving significant water savings and operational cost reductions per insulator or electric pole. Key Features and Benefits of the IC Drone: Enhanced Safety and Precision: Enables high-voltage insulator cleaning with minimal personnel risk and greater precision compared to traditional methods. Environmental Sustainability: Reduces water usage significantly, supporting sustainability initiatives within utility maintenance. Cost-Effective Operations: Cuts operational costs by tens of percent per insulator and simplifies access to remote or difficult-to-reach infrastructure. Yossef Balucka, Chief Executive Officer of Duke Robotics, commented, “The launch of our IC Drone marks an important milestone in our journey to revolutionize utility maintenance. By offering a safer, more efficient, and eco-friendly solution, we believe the IC Drone will create substantial value for utility providers around the world. We look forward to bringing this groundbreaking technology to market and helping companies optimize their operations while prioritizing environmental stewardship.” This IC Drone launch exemplifies Duke Robotics' commitment to leveraging robotics technology to drive innovation across civilian and utility sectors, complementing its existing solutions for military applications. About Duke Robotics Corp. Duke Robotics Corp. (formerly known as UAS Drone Corp) is a forward-thinking company focused on bringing advanced stabilization and autonomous solutions to both military and civilian sectors. Through its wholly owned subsidiary, Duke Robotics Ltd., the company developed TIKAD, an advanced robotic system that enables remote, real-time, and accurate firing of lightweight firearms and weaponry via an unmanned aerial platform (UAV) designed to meet the growing demand for tech solutions in modern warfare. Duke Robotics Ltd. Also developed the IC Drone, a first-of-its-kind robotic, drone-enabled system for cleaning electric utility insulators. The unique system, based on the Company's advanced intellectual property and know-how, integrates algorithms, autonomous systems, and robotic technologies used in mission-critical applications. For more information about Duke Robotics Corp (Previously UAS Drone Corp) please visit www.dukeroboticsys.com or view documents filed with the Securities and Exchange Commission at www.sec.gov. Forward-Looking Statements This press release contains forward-looking statements. Words such as "future" and similar expressions, or future or conditional verbs such as "will," are intended to identify such forward-looking statements. Forward-looking statements are made pursuant to the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and are based on our beliefs, assumptions, and information currently available to us. For example, we are using forward-looking statements when we discuss the benefits of its IC Drone technology, the potential for global expansion of our IC Drone services, the anticipated demand from utility providers, and the potential future growth of our commercial offerings. Our actual results may differ materially from those expressed or implied due to known or unknown risks and uncertainties. These include, but are not limited to, risks related to the successful market adoption of the IC Drone, continued development and refinement of our technology, fluctuations in foreign currency exchange rates, and competition from technological advances. For additional information on these and other risks and uncertainties, please see our filings with the Securities and Exchange Commission, including the discussion under "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023, and any subsequent filings with the Securities and Exchange Commission. We undertake no obligation to update any forward-looking statements, whether as a result of new information, future events, or otherwise. Contact Details Duke Robotics Corp. Yossef Balucka, CEO invest@dukeroboticsys.com ARX | Capital Markets Advisors North American Equities Desk DUKE@arxadvisory.com

November 11, 2024 06:00 AM Eastern Standard Time

HashKey Global Announces Support for TRC-20 USDT and TRX

HashKey Global

Hamilton, Bermuda - November 8, 2024 - HashKey Global, is excited to announce support for TRC-20 USDT and TRX. HashKey Global has completed the integration of Tether (USDT) on the TRON network, and deposits and withdrawals for TRC-20 USDT are now open. Furthermore, we are pleased to announce the listing of Tronix (TRX) on November 6, 2024 at 08:00 (UTC). Ben El-Baz, Managing Director of HashKey Global, commented on the integration, stating, "We are glad to integrate with the TRON network. This integration will enhance transaction efficiency for our users, aligning perfectly with our commitment to providing reliable and innovative digital asset services. It supports our vision of a more accessible and secure digital economy, ensuring our users benefit from faster, more secure transactions." HashKey Global opened the TRX/USDT spot trading pair on November 6, 2024, at 08:00 (UTC). Deposits and withdrawals of TRX are open starting on November 6, 2024, at 08:00 (UTC). This addition enhances trading options for our users, providing greater flexibility and contributing to HashKey Global's overall growth and liquidity. Sam Elfarra, Community Spokesperson at the TRON DAO, expressed his enthusiasm, stating, "We are excited about HashKey's integration with the TRON network. As a leading exchange, HashKey brings significant opportunities to expand TRON's global reach and accessibility. HashKey's support for TRC-20 USDT and TRX enhances the TRON ecosystem and supports the broader adoption of blockchain technology globally. We're excited to see the positive impact this will have on making crypto more accessible to users worldwide." The inclusion of TRC-20 USDT and TRX on HashKey Global highlights TRON's expanding international reach and HashKey Global's dedication to offering reliable and innovative digital asset services as a leading exchange. The integration with the TRON network enhances HashKey Global's platform, offering users more comprehensive trading options. About HashKey Global HashKey Global is the flagship digital asset exchange under HashKey Group, offering licensed digital asset trading services to users worldwide, and becomes one of the fastest-growing crypto exchanges in 2024. HashKey Global has obtained a license from the Bermuda Monetary Authority providing mainstream trading and service products such as LaunchPad, contracts, leverage, etc. Please read our latest Disclaimer. For more details, please visit global.hashkey.com Follow HashKey on X, Telegram, and Discord For media inquiries, please contact luna.wang@hashkey.com About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Luna Wang luna.wang@hashkey.com

November 08, 2024 05:34 PM Eastern Standard Time

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TRON DAO Participates as Gold Sponsor at Binance Blockchain Week in Dubai

TRON DAO

Geneva, Switzerland, November 8, 2024 – TRON DAO participated as a Gold Sponsor at Binance Blockchain Week 2024, held from October 30 to 31, 2024, in Dubai. This event brought together leaders from across the industry to discuss the evolving landscape of blockchain technology and its impact on the global economy. Key Highlights from Binance Blockchain Week Justin Sun, founder of TRON, recently joined a Binance Live Session, “Binance Blockchain Week Dubai 2024: The Road to Dubai”, to discuss TRON’s latest advancements. He highlighted TRON’s protocol revenue reaching all-time high, a gas-free stablecoin solution, the development of a BTC L2 on the TRON network, and the new T3 Financial Crime Unit, an initiative launched in collaboration with Tether and TRM Labs. Sam Elfarra, represented TRON DAO as a Community Spokesperson in a panel discussion titled “Building the Backbone of Digital Payments & Stablecoins.” The panel explored blockchain’s transformative role in digital finance and highlighted how platforms such as TRON support stablecoin activity while contributing to the digital payment infrastructure globally. “Blockchain technology is essential in emerging markets. With the TRON network hosting 35% of the global stablecoin market, TRON provides valuable digital infrastructure worldwide, empowering consumers, businesses, and developers through stablecoins," said Sam Elfarra, Community Spokesperson for TRON DAO. The conference concluded with TRON DAO and Binance co-sponsoring the Official BBW After Party during Halloween. The exclusive gathering consisted of TradFi professionals, developers, and various industry leaders. Attendees shared insights and engaged in forward-thinking discussions focused on advancing blockchain technology; exploring its potential to reshape industries, drive transformative solutions, and foster a more connected future. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

November 08, 2024 05:08 PM Eastern Standard Time

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News Release

Planetize Packaging Expands Product Line and Operations to Meet Demand for Sustainable Packaging Solutions

Rev Up Marketers

Planetize Packaging, a provider of eco-friendly packaging solutions, is significantly expanding its product line and streamlining operations in response to Canada’s single-use plastic ban. The company’s growth supports the increasing demand for biodegradable and recyclable alternatives in the food service industry. Founded in July 2022 by entrepreneur Shravana Goswami, Planetize Packaging quickly responded to the ban by offering environmentally responsible options for foodservice businesses. Initially offering just 10 products, the company has expanded to over 500 items, including biodegradable sugarcane fiber containers, kraft paper bags, and recyclable to-go boxes. Planetize now serves a diverse range of clients, including cafes, hotels, and restaurants. In conjunction with its product expansion, Planetize has optimized its operations to improve efficiency and service. The company has brought production in-house, enabling it to offer next-day delivery and customized branding options. This operational shift has created 10 new jobs and supports the company's commitment to sustainability while further establishing its family-oriented culture. "As the demand for sustainable packaging continues to grow, we are enhancing our operational capacity to better serve our customers and the planet," said Shravana Goswami, Founder and CEO of Planetize Packaging. “The addition of next-day delivery and custom branding options allows us to better support food service businesses in their transition to eco-friendly packaging.” Planetize plans to continue expanding its impact by building its own manufacturing facility, enabling the company to implement a “cradle-to-grave” approach to sustainability. Future initiatives include partnerships with composting and recycling programs, closing the loop on the lifecycle of its products. "By offering sustainable solutions, we aim to help businesses reduce their environmental impact and contribute to a more circular economy," added Goswami. About Planetize Packaging Planetize Packaging, based in Toronto, Ontario, specializes in providing sustainable packaging solutions for the food service industry. Founded in 2022, the company offers a wide range of biodegradable and recyclable products designed to reduce single-use plastic waste. Planetize is committed to sustainability, innovation, and customer satisfaction as it works to make eco-friendly choices accessible and practical for businesses. For more information, visit Planetize Packaging's website or to read more about Shravana’s inspiring story, visit her profile on LinkedIn. Contact Details Planetize Inc. Shravana Goswami +1 647-465-7990 shravana@planetizepackaging.ca Company Website https://www.planetizepackaging.ca

November 08, 2024 01:14 PM Eastern Standard Time

NLPC: Special Counsel Jack Smith Must Close Shop

NLPC

National Legal and Policy Center Counsel Paul Kamenar and Chairman Peter Flaherty issued the statements below regarding the future of federal prosecutions of Donald Trump. “It appears that Special Prosecutor Jack Smith is coming to his senses and preparing to drop the two federal prosecutions against President-elect Donald Trump, ” said Paul Kamenar, counsel to NLPC. Although he vowed this summer to continue the prosecutions up until Inauguration Day if Trump got elected, neither of the two pending prosecutions, one in the District of Columbia for alleged election interference and the other in Florida regarding the classified documents case, could be tried before Trump’s inauguration on January 20, 2025. “The public jury has spoken overwhelmingly on election day that these political prosecutions be dropped,” said Peter Flaherty, NLPC Chairman. Once he becomes President, Trump can order his Acting Attorney General that Jack Smith be fired and the two cases be dismissed plus under Justice Department policy, a sitting president cannot be prosecuted. The most that Jack Smith can do now is write his report and submit it to Congress before he is fired. NLPC has been critical of Jack Smith’s prosecutions since they began. Indeed, Judge Aileen Cannon dismissed the Florida Mar-a-Lago case based on the unconstitutional appointment of Jack Smith, the very issue which NLPC supported in the legal challenge to Robert Mueller’s appointment in the Russia hoax case. As for the two remaining state cases, Trump lawyers are asking that those cases also be dropped. The sentencing in the biased New York hush money was already postponed to November 17 and there are immunity issues in that case as well stemming from the Supreme Court’s decision granting Trump immunity from criminal prosecution for actions taken in office. The Georgia case is on appeal regarding the legality of prosecutor Fani Willis staying on the case but should also be dismissed. According to Flaherty, “For the sake of the Rule of Law, it is a good thing that Trump won. If he had not, these prosecutions would continue, and future Republican candidates for President and other offices would face a barrage of lawsuits calculated to destroy their candidacies, livelihoods and reputations. Hopefully, the ‘lawfare’ warriors have learned their lesson, and we can return to free and fair elections.” For more information or to schedule an interview with Peter Flaherty or Paul Kamenar, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

November 08, 2024 11:15 AM Eastern Standard Time

Innovation Beverage Group Offers Zero-Alcohol Range As Non-Alcoholic Beverages Market Grows

Benzinga

By Kyle Anthony, Benzinga Society’s tastes and preferences are constantly changing; as such, the most forward-thinking companies strive to anticipate where new preferences may manifest and to be present for interested consumers. In the beverage industry, non-alcoholic beers and wines are gaining prominence amongst consumers, opening the pathway for beverage producers to offer new and refreshing products akin to alcoholic beverages, but without their undesirable effects or long-term health consequences. Striving to become a key player in the non-alcoholic beverage market, Innovation Beverage Group (NASDAQ: IBG) stands out as a developer, manufacturer and marketer of a diverse beverage portfolio. With 60 formulations across 13 alcoholic and non-alcoholic brands, the company is striving to be at the forefront of catering to evolving consumer preferences. The Growth Of The Non-Alcoholic Beverage Market According to research by Introspective Market Research (IMR), the global non-alcoholic beer and wine market was estimated at $22.65 billion in 2022 and is projected to reach $37.21 billion by 2030, growing at a CAGR of 6.4%. While once considered a niche market, non-alcoholic beers and wines have become a material opportunity for beverage producers, but why is the question? The answer is varied. While changes in societal preference and attitudes toward alcohol consumption is an overarching rationale, there are other reasons many people are making this change. As detailed in IMR’s report, the rising health consciousness among consumers is arguably the primary reason behind the growth of the non-alcohol beer and wine market. With growing awareness about the health implications of excessive alcohol consumption and lifestyle movements such as Sober Curious, individuals, particularly millennials, are driving demand for this beverage category. The International Wine and Spirits Record (IWSR) recently reported that millennials are willing to try new products across the no-alcohol spectrum. Furthermore, almost half of millennial no-alcohol consumers are classed as ‘substituters’ – in other words, those who drink no-alcohol products on some occasions, and full-strength on others – and they are also disproportionately frequent no-alcohol consumers, accounting for 51% of frequent no-alcohol consumers in the US, and 47% of consistent consumers. Technology and product innovation are also driving the growth of the non-alcoholic beverage category. As outlined in the IMR report, leading companies are making the necessary investments to compete in this category, using industry-leading processes, such as vacuum distillation and fermentation control, to create non-alcoholic beers and wines that closely replicate the flavor profiles of traditional alcoholic beverages. This technological advancement has played a crucial role in enhancing product quality and gaining consumer acceptance, propelling the market forward. Another important consideration aiding the growth of the non-alcoholic beverage category is regulation and accessibility. As highlighted in the IMR report, in regions such as Europe, where non-alcoholic beverages are not subject to excise duty, the cost advantage can boost market growth by lowering consumer prices, enhancing affordability, and stimulating demand. Furthermore, being able to brand a product as “0% alcohol-free” offers a potential competitive advantage, enabling producers to position them as healthier options. The alcohol-free designation allows food delivery platforms, such as Uber (NYSE:UBER) or DoorDash (NASDAQ:DASH), to facilitate the sale and distribution of these products to consumers easily, as there is no requirement to show any identification to verify a purchaser's age for such products. Attaining Success In The Non-Alcoholic Beverage Category The non-alcoholic beverage category presents an opportunity for beverage producers to think differently and understand their consumers. Earlier this year, the Boston Consulting Group published a brief on the growth of the non-alcoholic beverage category, highlighting the factors that will aid beverage producers in gaining success. Top of the list was great products. In this increasingly competitive category, making a beverage with a distinct flavor profile and broad appeal is important. As such, beverage producers that invest in research and development have the potential to differentiate themselves. The second factor is brand perception. While it would be easy for established players to leverage their existing brand by making an alcohol-free version of their regular product as a means of entering the category; that may not have any staying power in the long run. As such, beverage producers need to be intentional and thoughtful as they enter the category, creating distinct brands. Finally, customer knowledge is also key. Societal preferences are ever-changing, as such, being able to identify these trends and align one’s product messaging and marketing to them is truly powerful. With individuals becoming more health-conscious or being more mindful and aware of their consumption habits, beverage producers are able to market their non-alcoholic beverages to individuals on the basis of their belief and lifestyle. IBG’s Drummberboy; A Non-Alcoholic Spirit For Those That Want To Forge Their Own Path Discussions about the non-alcoholic beverage category lean towards beer and wine, as such, IBG has attempted to differentiate themselves from the field with their Drummerboy non-alcoholic spirits, which include whiskey, tequila, gin, vermouth and aperitif. Four of out the five drinks have been awarded by the Melbourne International Spirits Competition (2022) and International Wine & Spirits Competition (2023). From a brand perception standpoint, Drummberboy actively leans into its non-alcoholic nature with the tagline “Zero Alcohol, Zero Cares Given.” Finally, the IBG has found ways to promote and align the product with consumers digitally, by way of having mocktail recipe guides on their website and tutorials on YouTube. A Distinctive Company With An Eye On The Future IBG wants to disrupt the beverage landscape by making quality an attribute across its versatile product offerings. Drummerboy is an example of the firm’s ability to do so, particularly in the fast-growing non-alcoholic beverage category. As IBG makes its way into the U.S. market, leveraging its potential competitive advantages of proprietary technology and vertical integration, the firm hopes to continue to bring to market more distinct and premium beverage offerings for consumers to enjoy. For more information on IBG's recent corporate activities and developments, read about their recent executive appointment and partnership with Sysco (NYSE: SYY), a leader in foodservice distribution. Featured photo by Aleksandar Andreev on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 08, 2024 08:45 AM Eastern Standard Time

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Coinbase Custody To Provide Custodial Services To iTrustCapital For Retail Client Digital Assets

Benzinga

By Kyle Anthony, Benzinga The growth and adoption of cryptocurrencies requires trusted partners capable of safely securing and providing liquidity for these digital assets. Recently, iTrustCapital announced that Coinbase Custody will provide digital asset custodial and liquidity services for its large retail client base within the tax-advantaged crypto IRA sector. Against the backdrop of an uncertain macroeconomic and geopolitical landscape, the decentralized nature of Bitcoin and other cryptocurrencies has risen in appeal. As estimated by KPMG, as of May 2023, decentralized finance represents $47.479 billion of liquidity stored across various blockchains. In the present, with Donald Trump winning the Presidential Election, the anticipation of further China stimulus and the U.S. Federal Reserve further reducing rates, Bitcoin is making new highs. This is an indication that investors are allocating more to the asset class during this globally volatile period. With more investors engaging in multi-asset investing, with cryptocurrencies being a part of their asset allocation, safely securing these assets is paramount. The growth is also evident on the institutional front, as institutional investors are set to increase digital asset allocations in their portfolio to 7% by 2027, as detailed in a recent report commissioned by crypto exchange OKX. Now, iTrustCapital says it is leveraging one of the largest and most respected names in the digital asset arena with its new partnership. In turn, the company says Coinbase Custody’s institutional services could further enhance iTrustCapital’s platform capabilities by offering access to a wide array of digital assets, improved liquidity and secure asset storage, among other crypto services. “Coinbase's reputation for security and user experience perfectly aligns with iTrustCapital's mission to provide the highest levels of safety, security, convenience, and optionality for our clients,” said Kevin Maloney, CEO of iTrustCapital. Founded in 2018, iTrustCapital has worked on differentiating itself from other crypto platforms by focusing on low-cost, secure, tax-advantaged retirement investing while aiming to provide an excellent client experience. In recent years, the iTrustCapital platform has received multiple awards for its service, design and innovation. The company says it now supports over 50,000 client-funded accounts, managing billions in retirement assets, with more than $10 billion in transactions completed to date. Coinbase, founded in 2012, has strived to bring cryptocurrency to the mainstream. With a vision to create an open financial system for the world, Coinbase and its institutional services division has grown into one of the largest and, it says, most trusted companies for digital assets. Featured photo by Traxer on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 08, 2024 08:45 AM Eastern Standard Time

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Grab A Meal At A Lounge With 24/7 Security While Your EV Charges – Getaway Space Plans To Redefine EV Charging

Benzinga

By Josh Enomoto, Benzinga While the future of transportation may well be electric, it’s important to keep in mind that without adequate public infrastructure, the underlying innovation won’t get very far. That’s where the solution provided by Getaway Space – a specialist in the electric-vehicle charging ecosystem – comes into play. Getaway offers a fresh rethink regarding next-generation mobility with a focus on addressing the key pain points dogging broader EV integration. Even better, early bird proponents have a chance to invest in the company through StartEngine. StartEngine enables everyday people to acquire shares in startups and early-stage enterprises. In effect, the platform facilitates a path for non-accredited investors to participate in equity crowdfunding campaigns. Fundamentally, the appeal is that retail investors can secure their stake in a promising company well before an initial public offering (IPO). Given the accelerating growth of EVs, Getaway is positioned in an intriguing industry for many. According to data provided by the International Energy Agency (IEA), nearly one in five vehicles sold last year was electric. Nominally, EV unit sales almost reached the 14 million mark, with 95% of these transactions materializing in China, Europe and the U.S. Subsequently, the total number of registered electric-powered vehicles stood at 40 million worldwide. The growth rate also offers insight into the pace of adoption. In 2022, EVs accounted for 14% of vehicle sales, compared to a mere 2% five years earlier in 2018. To put it simply, consumers globally are voting for electrification with their wallets. However, the transition to EVs has also led to buyer’s remorse for some, with drivers suddenly encountering significant friction that they didn’t envision earlier. But where the EV industry sees headwinds, Getaway sees opportunity. Getaway Space Offers A New EV Lounge Experience A lack of EV charging infrastructure has also been a key experience – and pain point – of the great EV rollout. While more consumers than ever are making the transition to electric mobility, many are also returning to the traditional paradigm. According to a report by McKinsey & Company, 46% of current EV owners in the U.S. plan to switch back to internal-combustion-engine (ICE) vehicles. One of the frustrations tied to EV ownership is satisfaction with public charging availability. While drivers do report that satisfaction ratings have improved slightly, however, the lack of robust progress in this field presents a viable business opportunity for Getaway Space as it seeks to address driver pain points. Although much of the frontline attention is paid to EV sales, retention will likely be the critical metric moving forward. Here, the EV charging infrastructure currently available is largely inadequate to meet rising and evolving consumer demands. Fundamentally, one of the biggest concerns, if not the biggest issue, within the context of EV charging infrastructure is the lack of availability. With availability, it’s not just about the number of charging stations, although that is undoubtedly a key factor. It’s also about the net output or lack thereof. If a charging system is broken or otherwise non-functional to the driver, the solution might as well be non-existent. In fact, The Wall Street Journal reported that approximately 27% of fast chargers in the Los Angeles area were malfunctioning. Another catch-all challenge tied to public infrastructure is inconvenience and safety concerns. The rising popularity of EVs combined with common charging issues can create logjams at popular charging stations. Other facilities may be located in less secure neighborhoods or environments, presenting obvious risks. Finally, not everyone enjoys access to home-charging solutions. According to the Department of Energy, 63% of all housing units in the U.S. have a garage or carport. By logical deduction, that leaves 37% of housing units without such accommodations, yielding a large opportunity gap for Getaway Space to fill. Breaking Down The Getaway Difference Getaway seeks to address the charging infrastructure problem through a targeted focus on numbers and consumer needs. By first targeting Commerce, California – a major transportation hub near Downtown Los Angeles – the company can immediately make a positive impact. From there, management will work to broaden out, making EV integration a more realistic goal. However, that’s just the start. A key distinguishing factor about Getaway Space is that it marries creature comforts with the latest technologies. Even the fastest charging system will take at least 15 minutes to charge a vehicle to 80% capacity, if not longer. Getaway responds to this downtime with its partnership with Urth Caffé. A European-style coffeehouse based in Los Angeles since 1989, Urth offers grab-and-go organic meals along with coffee. Combined with high-speed Wi-Fi, spotless restrooms and 24/7 security, drivers can enjoy their own rejuvenation session before hitting the road. In other words, Getaway will meet consumers where they are, thus reducing the frustrations associated with public charging. With the company’s user-friendly app-based reservation system, customers can even secure their spots in advance. Payments can also be completed through the app, and the company’s stations have dedicated on-site staff to help with any concerns at all, from charging to payment. What’s more, when customers visit a Getaway Space, they will be assured of receiving what they came for: electrons. Engaging ex- Tesla Inc (NASDAQ: TSLA) engineers, the startup firm will ensure that the design and maintenance of the charging systems will feature minimal disruptions. In fact, Getaway aims for near 100% uptime. While an ambitious goal, if achieved, the convenience alone would distinguish the company from its competitors, which include ChargePoint Holdings Inc (NYSE: CHPT) and EVgo Inc (NASDAQ: EVGO). Moreover, Getaway’s 30 DC Fast Chargers on-site, wide amenities and coffeehouse partnership would contrast conspicuously with both ChargePoint’s and EVgo’s limited facility-based services. Getaway is also focused on building key partnerships with a focus on sustainability to help support its growth, and the company counts CleanTech Alliance and Sustain Southern California (Sustain SoCal) as partners, among others. Lastly, Getaway has also attracted institutional interest. Specifically, the company is projected to receive $1 million in non-dilutive funding from a local utility company under a rebate program for DC Fast Charging. Should it be awarded, the company can utilize the fund to cover part of the installation costs of its charging stations without negatively impacting ownership. Powering The Future: A Game-Changing Solution For EV Charging Challenges? Getaway Space could be uniquely positioned to transform the EV charging experience by blending high-quality infrastructure with a customer-first approach. As the demand for EVs continues to rise, the industry faces critical gaps in charging accessibility, reliability and convenience. By partnering with established brands like Urth Caffé, engaging former Tesla engineers to ensure near 100% uptime and incorporating on-site comforts and 24/7 security, Getaway offers a robust solution tailored for EV drivers. Interested early investors have a chance to get in on the ground floor of this opportunity. With the EV industry seeking retention and not just conversion, Getaway potentially stands at an exciting juncture. Interested market participants can visit the company’s crowdfunding campaign on StartEngine. Featured photo by Paul Brennan by Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 08, 2024 08:30 AM Eastern Standard Time

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TRON DAO Unveils TRON-Peg USD Coin: A New Gateway to Borderless Transactions

TRON DAO

Geneva, Switzerland, November 7, 2024 - TRON DAO has officially launched the TRON-Peg USD Coin on the TRON blockchain, an innovative cross-chain solution designed to streamline borderless transactions and broaden TRON’s stablecoin ecosystem. By facilitating seamless and efficient cross-chain transfers, TRON-Peg USD Coin expands the possibilities for users to leverage USDC across the TRON ecosystem. Efficient Cross-Chain Functionality TRON-Peg USD Coin enables seamless USDC transfers between Ethereum and TRON, serving as an essential stablecoin bridge. Qualified users can easily acquire TRON-Peg USD Coin through a streamlined cross-chain process: when USDC-ERC20 is deposited into Ethereum’s bridge contract, the system detects the transaction, mints an equivalent amount of TRON-Peg USD Coin on TRON, and transfers it directly to the user’s TRON address. Similarly, general users wishing to move TRON-Peg USD Coin back to Ethereum can initiate the process through the designated token contract on TRON. Cross-chain transactions between TRON and Ethereum can also be conducted through supported exchanges. Transparent and Secure with Free Cross-Chain Services TRON-Peg USD Coin offers users free cross-chain transaction services. Additionally, its reserve assets are fully transparent in real-time, ensuring that reserves consistently exceed the total supply. This guarantees that users can always redeem their USDC on Ethereum at a 1:1 ratio. Users can verify reserve assets in real-time. Security remains a top priority, with TRON-Peg USD Coin rigorously audited by ChainSecurity, a leading blockchain security company led by security experts from ETH Zurich. The comprehensive 24-page audit reinforces TRON’s commitment to user security and contract integrity. Ioannis Sachinoglou, lead engineer at ChainSecurity, stated: “This Tron-Peg USD Coin bridge audit allowed us to explore TRON’s cross-chain infrastructure in depth. We analyzed the bridge’s mechanisms, as well as the interactions between the TRON and the Ethereum networks. Collaborating closely with the TRON team, we worked to identify and address potential vulnerabilities, ultimately reinforcing the bridge’s robustness and enhancing user trust. We're looking forward to further collaborating with TRON and supporting the security of their ecosystem.” Shaping the Future of Stablecoin Technology With TRON's position as a major player in the stablecoin market, representing over one-third of the entire stablecoin supply, TRON DAO is committed to continuously refining TRON-Peg USD Coin with enhanced security and user-focused value. These enhancements aim to position TRON-Peg USD Coin as a trusted choice for secure, seamless transactions, empowering users worldwide. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of November 2024, it has over 270 million total user accounts on the blockchain, more than 8.8 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network About TRON-Peg USD Coin TRON-Peg USD Coin is a stablecoin bridging tool on the TRON blockchain that is collateralized by USDC on Ethereum. It allows users to seamlessly utilize USDC for different types of transactions within the TRON ecosystem and transfer USDC seamlessly between Ethereum and TRON. https://tronusdc.i o Media Contact Sally Chen pr@tronusdc.io Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

November 08, 2024 01:05 AM Eastern Standard Time

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