Day: April 12, 2022

Commercial Vehicle Group (CVG) protects its team and production in Ukraine, while installing backup production in the Czech Republic.

NEW ALBANY, Ohio, April 12, 2022 (GLOBE NEWSWIRE) — CVG had 1,200 employees immediately impacted by the senseless Russian invasion of Ukraine. Despite a complete shut-down initially, CVG is back to 100% pre-invasion output rates. This quick response was possible thanks to brave leadership by its local team, the resolve and creativity of the Ukrainian and neighboring Czech Republic teams, fast-acting customers, and CVG’s decision to implement fallback production positions with two new production facilities in the Czech Republic and a supply chain from Mexico.

“As we have all witnessed since this invasion began, the Ukrainian people do not back down, and their resolve, commitment to winning, and bravery is astounding,” said CVG President and CEO Harold Bevis. “Our global team quickly assembled itself into daily war calls, and we make on-the-spot decisions to protect our people, continue commerce as best we can, and implement backup plans. Despite the unreal hardship our Ukraine team faces, our employees wanted to keep working, be productive, and contribute to their economy in order to help defeat the Russian army. Our Ukrainian and Czech teams are remarkable, and our 8,000-person global team at CVG is working with them. Two of CVG’s core values are make the world a better place through our actions and help each other. This was an easy decision for the CVG leadership team; it is our core values in action. We are all flying the Ukrainian flag – Slava Ukraini.”

CVG’s local leaders are Jan Chabera, Executive Director of CVG’s Operations in Eastern Europe (PEKM), and Yaroslav Pauk, Director of CVG Ukraine.

They have led the implementation of the following actions in response to the invasion:

• All employees were initially paid, even if unable to work.
• Overtime wages were provided for all employees who went to work.
• All employees were issued a spot bonus while the facility was closed.
• Upgrades to the bomb shelter near our L’viv facility, fitted with a bathroom and kitchenette, and can house up to 300 people during an air raid/siren.
• Modified 24/7 work schedules to reduce the number of people in the facility at one time and maintain output.
• Upgraded the IT infrastructure to defend against cyber-attacks.
• Workstation modifications will be made for any injured employee wishing to return to work.
• Assistance will be provided for any employee who wishes to move to or from the Ukraine.
• All shipments to customers in Russia and Belarus have been halted.

Resolve in Ukraine

CVG and its Ukraine team are deeply committed to persevering through this ordeal together. CVG’s plant in L’viv, Ukraine, immediately shut down and then reconstituted itself quickly, despite having all eligible male employees called into military service. CVG reestablished a team of more than 1,000 mostly female employees in the facility. They are dedicated to staying in Ukraine, protecting the local GDP, producing products for customers, and maintaining their communities and country.

CVG has moved quickly with its customers who are equally committed to protecting and preserving Ukraine, but additionally need to achieve supply chain certainty. This has required extremely fast customer-supplier decision-making. CVG is thankful to all those that have helped it move fast. CVG will continue to fully support the Ukrainian government, economy and people, and urges other organizations with operations in Ukraine to follow suit in ensuring the safety of its employees in the region, but also to preserve their way of life as best possible.

The “CVG 35”

In order to provide backup production to Ukraine, CVG immediately decided to begin fallback production in the Czech Republic. CVG has an existing team, distribution, plants, and banking in the Czech Republic and was able to open two new plants in parallel within a few weeks.

The “CVG 35” led the way – 35 brave women who traveled from Ukraine through Poland to the Czech Republic to help establish the new facilities, despite not speaking the Czech language or knowing the fate of their homes. CVG provided a moving package, apartments and furnishings to this core group of Ukrainian women to relocate to the Czech Republic. Thanks to these women, a large CVG support team, and the expedient movement of equipment and raw materials, the Czech plants are now operational. They are already producing electrical harnesses for electric vehicles and passenger cars. With this startup success, CVG plans to increase employment to 350 people between the two new locations.

As a leading customer of CVG’s business in that region, members of Volkswagen’s team from Škoda Auto visited the “CVG 35” at one of the new facilities in the Czech Republic. That visit left a lasting impression on Karsten Schnake, Board Member for Purchasing at ŠKODA AUTO & Head of Project COMPASS at Volkswagen AG, who posted on LinkedIn about the experience.

About CVG

CVG is a global provider of vehicle solutions, electrical systems, warehouse automation, and aftermarket services. CVG’s corporate purpose and values are to make the world a better place through our products and actions; employ a diverse and inclusive workforce; let our results do the talking and hold each other accountable; have fun and help each other. Information about the company and its products is available on the internet at www.cvgrp.com.

Media Contact

Jason Gray
Marketing Manager
CVG
Jason.Gray@cvgrp.com

Related Images

Image 1: One of “CVG 35” who relocated to the Czech Republic from Ukraine to help set up facility.

Woman in foreground assembling wiring at an electrical assembly facility in the Czech Republic, with two other women assembling parts in the background.

Image 2: Ukrainian woman assembling wire harnesses at Czech facility

One of the CVG 35 women who made the journey from Ukraine to the Czech Republic to help set up electrical manufacturing facilities there.

Image 3: Ukrainian team at the facility in L’viv

The team at the Ukrainian facility in L’viv prior to the Russian invasion of Ukraine.

Image 4: CVG EV Logo

A blue CVG EV logo

This content was issued through the press release distribution service at Newswire.com.

Attachment

• One of “CVG 35” who relocated to the Czech Republic from Ukraine to help set up facility.

Merger creates the preeminent global research and advisory firm focused on the financial services and retail technology sectors

Boston and London, April 12, 2022 (GLOBE NEWSWIRE) — RBR, the leading provider of strategic research and data on banking automation, cards, payments, and retail technology, and Aite-Novarica Group (ANG), an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to banks, payments providers, insurers, and securities firms today announced their intention to merge.

“RBR has built both a world-class research and data collection reputation and deep relationships with its customers,” says Kurt Reisenberg, CEO of the combined company. “Combining RBR’s unrivalled data products and research capabilities with Aite-Novarica Group’s market-leading insights and advisory services creates an unparalleled combination with potential to deliver even more impact to our clients.”

RBR’s global market research offerings are relied upon by leading payment networks and financial and retail technology suppliers worldwide. Joining with Aite-Novarica Group further solidifies its position as the preeminent insights and advisory firm focused on financial services. Additionally, RBR’s location and formidable reputation around the globe immediately expand Aite-Novarica Group’s international presence.

Commenting on the merger, Dominic Hirsch, MD of RBR, says “ANG’s analyst-driven advisory capabilities and strong foothold in the US complement RBR’s global industry research and client reach. RBR is excited to begin a new chapter in its three-decade long history of providing excellence to clients in the cards, payments, banking and retail technology sectors.”

The leadership teams of RBR and ANG will be coming together to ensure the merger delivers maximum value to clients and fully leverages the opportunities it creates. Both organisations will continue to offer their entire suite of reports, subscriptions, data services, bespoke research and consulting, and conferences. They will continue to operate as independent brands pending a comprehensive and strategic branding review. The combined company will be jointly headquartered in Boston and London.

The firms maintain individual web presences at https://rbrlondon.com and https://aite-novarica.com. For more information, please visit our websites.
About Aite-Novarica Group

Aite-Novarica Group is an advisory firm providing mission-critical insights on technology, regulations, markets, and operations to hundreds of banks, payments providers, insurers, and securities firms as well as the technology and service providers supporting them. Our core values are independence, objectivity, curiosity, and a desire to help all participants in financial services create better, more effective strategies based on data, well-researched opinions, and proven best practices. Our experts provide actionable advice and prescriptive business guidance to our global client base.

About RBR

RBR is a strategic research and consulting firm with three decades of experience in banking and retail technology, cards, and payments.  We assist clients by providing independent advice and intelligence through published reports, consulting, newsletters, and events.

Kaitlyn Labbe
Aite-Novarica Group
+1.857.327.9442
pr@aite-novarica.com

— Global end-to-end electric vehicle company helping companies like MOKE International transition into revolutionary electric era makes foray into Canada —

TORONTO, April 12, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd., (NEO: EVTG) (the “Company”), a global end-to-end electric vehicle company focused on electrifying iconic driving experiences, today announced that it has received final approval to list its common shares on Canada’s Neo Exchange. Trading is expected to commence at market open on April 12, 2022 under the symbol “EVTG.” The Company also announces the successful closing of its previously announced reverse takeover of EV Technology Group Inc. (“EVT”) by Blue Sky Energy Inc. (“BSI”) (the “Reverse Takeover”).

EV Technology Group is focused on electrifying iconic driving experiences, helping companies like MOKE International Limited (“MIL”) transition into the booming electric era. As the largest shareholder of MIL, EVTG is working with MIL to launch the MOKE Electric in summer 2022 and roll out vehicles across Europe and internationally. The release of this ground-breaking electric vehicle aligns with the Company’s mission of bringing joy back to motoring by creating sleek, new experiences for drivers, and the Company’s core values around supporting greener transportation and a carbon-neutral world.

“EV Technology Group recognizes the unprecedented support Canada is injecting into the uptake of EVs, and given the country’s strong existing automotive industry, Canada is a natural fit for EV Technology Group’s mission to further accelerate our growth and expand our reach into new jurisdictions and to new customers. This is why we have chosen to list our company on the NEO Exchange,” said EVT Group CEO, Wouter Witvoet. “We believe the NEO Exchange to be an innovative leader supporting the technology revolution, focused on tech start-ups and scale-ups that recognize the potential of industries like ours.”

The Company is led by a diversified team of entrepreneurs, engineers and motor enthusiasts who are creating full market value by creating the total customer experience – owning emblematic car brands and controlling their manufacturing and distribution. EV Technology Group’s strategic focus is on developing and commercializing electric vehicle technologies that have significant growth potential in unique, niche, and underserved markets.

Mr. Witvoet adds, “So much of the focus right now in the EV industry is centered around creating EV brands from scratch. At EV Technology Group, we see value in building a company focused on acquiring existing brands and making them electric, turning them into key EV players. If the world wants to achieve carbon neutrality, we can’t forget that the reason people buy EVs isn’t simply to go from point A to point B, it’s also about enjoying the experience of owning and driving a car. Investing in the luxury electric vehicle market is critical for us to achieve carbon goals in the years to come.”

*For more information on the Reverse Takeover, see the formal press release here: https://evtgroup.com/ev-technology-group-announces-closing-of-reverse-takeover-transaction-and-approval-of-listing-on-the-neo-exchange/

About EV Technology Group
EVT Group was founded in 2021 with the mission of accelerating the adoption of electric vehicles and the vision to champion the joy of motoring in an electric world. As passionate investors and operators of EV technology companies, EVT Group believes in three things: electric vehicles are the future; EVs will transform the way people live, work, and have fun, and there is an opportunity to accelerate the adoption of this technology — beginning with a focus on technologies that have growth potential through targeting unique, niche, and underserved markets — by electrifying iconic driving experiences. To learn more visit: https://evtgroup.com/

About Neo Exchange Inc.
The NEO Exchange is Canada’s Tier 1 stock exchange for the innovation economy, bringing together investors and capital raisers within a fair, liquid, efficient, and service-oriented environment. Fully operational since June 2015, NEO puts investors first and provides access to trading across all Canadian-listed securities on a level playing field. NEO lists companies and investment products seeking an internationally recognized stock exchange that enables investor trust, quality liquidity, and broad awareness including unfettered access to market data.

Neo Exchange has not reviewed or approved this press release for the adequacy or accuracy of its contents.

Forward – Looking Information

Certain information set forth in this news release may contain forward – looking information that involve substantial known and unknown risks and uncertainties. This forward – looking information is subject to numerous risks and uncertainties, certain of which are beyond the control of the Company, including, but not limited to, the impact of general economic conditions, industry conditions, and dependence upon regulatory approvals. Readers are cautioned that the assumptions used in the preparation of such information, although considered reasonable at the time of preparation, may prove to be imprecise and, as such, undue reliance should not be placed on forward – looking information. The parties undertake no obligation to update forward – looking information except as otherwise may be required by applicable securities law.

Media Contact:
Rachael D’Amore | rachael@talkshopmedia.com | 519-564-9850

ATLANTA and AMERSFOORT, The Netherlands, April 12, 2022 (GLOBE NEWSWIRE) — Descartes Systems Group (Nasdaq: DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that Netherlands-based Eurochoice, a leading distributor of fresh and frozen European fine foods to customers in South East Asia and the Middle East, is using the cloud-based Descartes MacroPoint™ solution for real-time visibility into the status and location of ocean container shipments as they are transported to destination countries.

“As an important consolidation hub in The Netherlands, Eurochoice makes it possible to deliver the products of leading European brands at the frequency required by our diverse customer base in Asia and the Middle East,” said Cees Mostert, Co-Founder and owner at Eurochoice. “Using Descartes MacroPoint, we now have a platform for tracking the movement of our high value ocean shipments. It’s not only boosted the customer experience, but also saves significant time identifying the correct shipment status. This allows us to invoice customers much faster than without shipment visibility, which improves our liquidity.”

The Descartes MacroPoint solution for ocean visibility provides shippers, like Eurochoice, and ocean carriers with real-time status, location and estimated-time-of-arrival (ETA) information on ocean freight. By using a single platform to monitor the movement of their shipments and communicate updates to customers, companies can enhance supply chain performance and exception management. The solution also helps shippers minimize container imbalance, detention and demurrage fees, form more productive relationships with carriers, and automate intermodal tracking as shipments transition from ports of arrival to truck and rail modes of delivery.

“We’re pleased the Descartes solution is helping Eurochoice to ship goods more efficiently and provide customers with greater insight into the status of their shipments,” said Elmer Spruijt, Vice President at Descartes. “As ocean shipping volumes increase and the industry continues to grapple with high rates, container imbalances, capacity constraints and port congestion, Descartes MacroPoint provides much-needed visibility and analytics on shipments to help shippers and ocean carriers improve supply chain management, minimize the impact of disruptions and enhance customer service levels.”

About Eurochoice

Headquartered in Leeuwarden, The Netherlands, Eurochoice was established in the late nineties. With 25 years’ experience in the European food sector, Eurochoice has a wealth of knowledge and expertise in delivering fresh and frozen top-quality European fine foods all over the world under the very best service conditions. Our certified logistics processes make it easy for our clients to import a wide range of food products. We know exactly how to package our orders, how to ship them safely and how to guarantee fast delivery times. State-of-the-art equipment at our offices and warehouses, and transparent communication with both clients and suppliers help us ensure that everybody is kept informed. For more information, visit www.eurochoice.nl.

About Descartes

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

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

Cautionary Statement Regarding Forward-Looking Statements

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

Paris, April 12, 2022 (GLOBE NEWSWIRE) — OnePlan, the innovative London-based startup, has been named a partner to the Organising Committee for the Olympic and Paralympic Games Paris 2024, which will use OnePlan’s Venue Twin and GIS Mapping software for more efficiency and collaboration. This is the first time an Olympic and Paralympic Games has chosen a partner for GIS Mapping and Digital Twin Software. 3D mapping of sports venues and surrounding areas will leave a legacy that makes smart planning and accessibility available to future global events in France.

Watch and embed the announcement video set in Venue Twin featuring Tony Estanguet (President of the Organising Committee for the Olympic and Paralympic Games Paris 2024) and Paul Foster (CEO of OnePlan) at https://vimeo.com/698116922

One Plan’s tools to organize the Olympic and Paralympic Games Paris 2024 efficiently and in a collaborative way

OnePlan is a UK-based startup that has created a collaborative way to visually plan live events and venues, indoor and outdoor, empowering event organizers, venue operators and commercial teams to collaborate in one plan like never before. OnePlan’s intelligent tools have been used for over 8,000 events and venues across more than 100 countries. They instantly show area space and capacity sizes, the venues can be seen at any angle, in any light, in any weather condition at any time. Venue Twin can anticipate every texture and lighting effect in a venue, even reflections. It can also simulate audio in any venue.

The placement of infrastructure such as barriers and fencing, vehicles, teams and volunteers, and so much more, can easily be positioned in one central plan thanks to GIS mapping. Event planners, partners and suppliers can work together in real-time, to plan ahead for any scenario, reducing risk at venues and their surrounding areas. The tools also improve the consideration of disability in society through improved visualisation and planning for spectators requiring assistance.

The host broadcaster can also benefit by defining camera positions and specific shots to instantly see how the Olympic and Paralympics Games Paris 2024 will look by the estimated 4 billion global TV viewers. OnePlan incorporates the world’s best selection of 2D, HD, aerial and satellite maps, and allows users to integrate existing computer-aided design (CAD) files. The level of detail and collaboration OnePlan provides has the potential to streamline processes for the Organising Committee for the Olympic and Paralympic Games Paris 2024 and its stakeholders.

The Venue Twins are being created thanks to our digital twin solution that leverages some of the latest computing and processor technologies of Intel worldwide partner of the Olympic Games.

A positive solution for France and the global sporting world

OnePlan will be used by the Paris 2024 Organising Committee plus its many stakeholders including for transport, TV broadcast and more. Its use across the Games reduces the need for site visits for stakeholders, cutting CO2 emissions associated with these visits. This innovation and sustainability benefit can contribute to a positive legacy for France, and for future major events, whose organizers can benefit from the improved collaborative and operational opportunities now available to international stakeholders.

“This will be an Olympic and Paralympic Games powered by innovation,” said Tony Estanguet, President of Paris 2024. “The way in which we use technology is evolving, and our partnership with OnePlan will facilitate the work of our teams and our entire ecosystem. We will be able to leave a new way of organising events helped by technology.”

OnePlan’s software will enable a user-centric approach for Paris 2024, with its team and stakeholders active throughout the planning process.

“Paris 2024 will be a landmark Olympic and Paralympic Games, driven by innovation and sustainability. Our collaborative, easy-to-use software will streamline the planning of all event and venue operations before and during the Games,” said OnePlan Founder and CEO Paul Foster. “Why is quality and hyper realism so important? From anywhere in the world, users can feel like they are actually in the venues, walking the routes, hearing and seeing the environment as it will be during the Games.”

Venue Twins of Stade de France (track and field) and Concorde have already been created to collaboratively identify & test the potential use cases for optimal planning. Expansion of the use of OnePlan and Venue Twin will then span across almost every venue of the Paris 2024 Olympic and Paralympic Games.
Watch the announcement video, set in Venue Twin, at oneplanevents.fr

Download the media kit with photos and video clips

About OnePlan:  OnePlan is event planning software that enables teams to map and plan their event sites, together. Event organisers can visually plan with pinpoint accuracy and collaborate easily with colleagues, partners, broadcasters, suppliers and local authorities in real-time, establishing a single source of truth for all stakeholders. Its Venue Twin solution provides hyper-realistic, interactive digital twins of stadiums and arenas, unlocking huge operational and commercial benefits for venues and their stakeholders.  Used by over 8,000 events and venues worldwide, OnePlan’s easy-to-use software transforms the operational planning of live events. OnePlan’s customers include international sports federations, teams from the NBA and Premier League, major music festivals, motor races, local events and more. Learn more at oneplanevents.com and venuetwin.com Contact OnePlan for business inquiries here

Media inquiries: owen@thoughtgangmedia.com

About Paris 2024: The Organising Committee for the Paris 2024 Olympic and Paralympic Games (Paris 2024) has the task of planning for,organising, financing and delivering the Olympic and Paralympic Games in Paris in 2024 in accordance with the host city contract signed by the International Olympic Committee (IOC), the French National Olympic and Sports Committee (CNOSF) and the City of Paris. The Olympic and Paralympic Games are the leading sports event in the world and have a unique media impact, bringing together some 10,500 Olympic and 4,350 Paralympic athletes respectively representing 206 and 182 delegations from five continents. The Games are followed by over 13 million spectators and 4 billion viewers around the world through more than 100,000 hours of TV coverage, and their impact as a global event of great sporting, economic and cultural importance is unparalleled.

Founded in January 2018, Paris 2024 is headed by Tony Estanguet, a three-time Olympic champion and IOC member. It is administered by an Executive Board (EB) that brings together all the project’s founding members: CNOSF, the City of Paris, the state, the Île-de-France Region, CPSF, the Greater Paris Metropolitan Area, the Seine-Saint-Denis Departmental Council and representatives of the local authorities involved in the Games.

Paris 2024 press contacts: media@paris2024.org 

Attachments

• The Stade de France’s Venue Twin with Tony Estanguet and Paul Foster
• OnePlan’s Eiffel Tower Venue Twin, Created for Paris 2024
• OnePlan’s Stade de France created with Venue Twin for Paris 2024
• Stade de France recreated by OnePlan’s Venue Twin for Paris 2024

Media inquiries: owen@thoughtgangmedia.com 

Paris 2024 press contacts: media@paris2024.org