Tag: PR Newswire

VANCOUVER, BC, May 13, 2025 /PRNewswire/ — GreenPower Motor Company Inc. (Nasdaq: GP) (TSXV: GPV) (“GreenPower” and the “Company”), a leading manufacturer and distributor of all-electric, purpose-built, zero-emission medium and heavy-duty vehicles serving the cargo and delivery market, shuttle and transit space and school bus sector, announces a term loan offering of up to U.S. $2,000,000 from several lenders (the “Loan”). The Company may, at its discretion, elect to close the Loan in one or more tranches (each, a “Closing Date”). The Loan will be secured with a general security agreement on the assets of the Company subordinated to all senior debt with financial and other institutions and will bear interest of 12% per annum commencing on the date of advance (the “Advance Date”) to and including the date all of the Company’s indebtedness pursuant to the Loan is paid in full. The term of the Loan will be two years from the Advance Date.

The Company anticipates closing the first tranche of U.S. $500,000 from companies associated with the CEO and a Director of the Company (together, the “Initial Lenders”). Management anticipates that the Company will allocate the net proceeds from the Loan towards production costs, supplier payments, payroll and working capital.

As an inducement for the Loan, the Company will issue non-transferable share purchase warrants (each, a “Loan Bonus Warrant”) to each Initial Lender with the number of Loan Bonus Warrants to be determined by the amount of the Loan to each Individual Lender divided by the Market Price (as such term is defined in the Policies of the TSX Venture Exchange (the “Exchange”)) (the “Market Price”). Each Loan Bonus Warrant will entitle the holder to purchase one common share of the Company (each, a “Share”) at an exercise price not less than the Market Price of the Shares on the Closing Date for a period of twenty-four (24) months from the Closing Date. The issuance of the Loan Bonus Warrants remains subject to acceptance by the Exchange.

For future tranches, the Company may issue Loan Bonus Warrants or bonus common shares (each, a “Loan Bonus Share“) up to 20% of the amount of the Loan (determined by 20% of the amount of the Loan divided by the Market Price), or a combination of Loan Bonus Warrants and Loan Bonus Shares.

The Company may pay a finder’s fee in connection with the Loan. Closing of the Loan is subject to a number of conditions, including receipt of all necessary corporate and regulatory approvals, including Exchange acceptance. All securities issued in connection with the Loan will be subject to a statutory hold period of four months plus a day from the closing of the Loan in accordance with applicable securities legislation.

Certain insiders, including the Initial Lenders, participating in the Loan are considered to be a “related party” within the meaning of Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“MI 61-101”) and the Loan and issuance of Loan Bonus Warrants is considered to be a “related party transaction” within the meaning of MI 61-101 but each is exempt from the formal valuation requirement and minority approval requirements of MI 61-101 by virtue of the exemptions contained in section 5.5(a) and 5.7(a) as the fair market value of the Loan and Loan Bonus Warrants is not more than 25% of the Company’s market capitalization.

For further information contact:

Fraser Atkinson, CEO
(604) 220-8048

Brendan Riley, President
(510) 910-3377

Michael Sieffert, CFO
(604) 563-4144

About GreenPower Motor Company Inc.
GreenPower designs, builds and distributes a full suite of high-floor and low-floor all-electric medium and heavy-duty vehicles, including transit buses, school buses, shuttles, cargo van and a cab and chassis.  GreenPower employs a clean-sheet design to manufacture all-electric vehicles that are purpose built to be battery powered with zero emissions while integrating global suppliers for key components. This OEM platform allows GreenPower to meet the specifications of various operators while providing standard parts for ease of maintenance and accessibility for warranty requirements. GreenPower was founded in Vancouver, Canada with primary operational facilities in southern California. Listed on the Toronto exchange since November 2015, GreenPower completed its U.S. IPO and NASDAQ listing in August 2020. For further information go to www.greenpowermotor.com

Forward-Looking Statements

This news release includes certain “forward-looking statements” under applicable Canadian securities legislation that are not historical facts. Forward-looking statements are not based on historical facts, but rather on current expectations and projections about future events, and are therefore subject to risks and uncertainties which could cause actual results to differ materially from the future results expressed or implied by the forward-looking statements. These statements generally can be identified by the use of forward-looking words such as “upon”, “may”, “should”, “will”, “could”, “intend”, “estimate”, “plan”, “anticipate”, “expect”, “believe” or “continue”, or the negative thereof or similar variations. Forward-looking statements in this news release include, but are not limited to, statements with respect to the expectations of management regarding the use of proceeds of the Loan, the issuance of the Loan Bonus Warrants, and the closing of the Loan. Although the Company believes that and the expectations reflected in the forward-looking information are reasonable, there can be no assurance that such expectations will prove to be correct. Such forward-looking statements are subject to risks and uncertainties that may cause actual results, performance or developments to differ materially from those contained in the statements including that the proceeds of the Loan may not be used as stated in this news release, and those additional risks set out in the Company’s public documents filed on SEDAR+ at www.sedarplus.ca and with the United States Securities and Exchange Commission filed on EDGAR at www.sec.gov. Although the Company believes that the assumptions and factors used in preparing the forward-looking statements are reasonable, undue reliance should not be placed on these statements, which only apply as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Except where required by law, the Company disclaims any intention or obligation to update or revise any forward-looking statement, whether as a result of new information, future events, or otherwise.

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.  ©2025 GreenPower Motor Company Inc. All rights reserved.

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SOURCE GreenPower Motor Company

RALEIGH, N.C., May 13, 2025 /PRNewswire/ — First Bank is thrilled to announce a successful and impactful partnership with the Carolina Hurricanes Foundation for the 2024-2025 season! For every exhilarating goal scored by the Canes throughout their action-packed season, First Bank pledged $100 to the Foundation.

The final buzzer has sounded on the regular season, and thanks to the Hurricanes’ electrifying performance, including a well-deserved playoff berth that is currently underway (Go Canes!), First Bank is proud to donate a total of $26,600 to the Carolina Hurricanes Foundation. The check was presented at the playoff game Monday night at Lenovo Center.

You can view the full presentation HERE

This collaboration immersed First Bank in the passionate “Caniac Nation,” as representatives and customers joined fellow fans at home games. The lively First Bank tee shirt tosses amplified the excitement.

“We were incredibly excited to partner with the Hurricanes Foundation this season. The energy of the games and the dedication of the fans were infectious, and we’re even more thrilled that the team’s success on the ice translates into a significant contribution to such a worthy cause. Go Canes!” said Adam Currie, CEO and President of First Bank.

The Carolina Hurricanes Foundation is dedicated to supporting youth hockey programs, providing educational opportunities, and assisting families in need across North Carolina. First Bank’s donation will directly support their ongoing efforts to make a positive impact in the community.

“We are deeply grateful for First Bank’s generous support this season. Their unique ‘Power of Good Goals’ initiative was a fantastic way to engage fans and raise vital funds for our community. This donation will make a real difference in the lives of young people across the state,” said Amy Daniels, Executive Director of the Carolina Hurricanes Foundation.

As the Hurricanes continue their playoff journey, First Bank extends its enthusiastic support and looks forward to a potentially unforgettable end to the season. This partnership underscores First Bank’s commitment to the communities it serves, both on and off the ice.

For more information on the Carolina Hurricanes Foundation and its programs, please visit https://www.nhl.com/hurricanes/community/foundation and to learn more about First Bank’s Power of Good visit https://localfirstbank.com/about-us/corporate-citizenship/.

About First Bank:

First Bank is the banking subsidiary of First Bancorp and is headquartered in Southern Pines, North Carolina, with total assets of approximately $12.2 billion. As a state-chartered community bank, First Bank operates 113 bank branches in North Carolina and South Carolina and a nationwide SBA platform. Since 1935, First Bank has taken a tailored approach to banking, combining best-in-class financial solutions, helpful local expertise, and technology to manage a home or business. First Bancorp’s common stock is traded on the NASDAQ Global Select Market under the symbol “FBNC.” Visit our website at www.LocalFirstBank.com. Member FDIC, Equal Housing Lender.

About the Carolina Hurricanes Foundation

As the charitable arm of the Carolina Hurricanes, the Foundation takes pride in being a part of the community both on and off the ice. The Foundation strives to be an agent of change by meeting the health and educational needs of underserved populations in the community where we work, live, and play. For more information on the Foundation, please click here.

About the Carolina Hurricanes

The Carolina Hurricanes were established in Raleigh in 1997 after relocating from Connecticut, where the National Hockey League franchise was originally founded in 1979. Since their arrival in North Carolina, the Hurricanes have captured six division championships, two Eastern Conference titles and the 2006 Stanley Cup championship. The team also hosted the 2004 NHL Draft and the 2011 NHL All-Star Weekend at Lenovo Center, as well as the 2023 NHL Stadium Series at Carter-Finley Stadium. For information about Hurricanes ticket packages, please visit www.CarolinaHurricanes.com/tickets, or call 1-866-NHL-CANES (1-866-645-2263).

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SOURCE First Bank

Bechtel signs Saudi airport deal during U.S. President’s visit

RIYADH, Saudi Arabia, May 13, 2025 /PRNewswire/ — Bechtel today signed an agreement with the King Salman International Airport Development Company to serve as the delivery partner for three new terminals at King Salman International Airport (KSIA) in Riyadh. Signed during President Trump’s visit to Saudi Arabia, the agreement highlights growing U.S.-Saudi infrastructure ties and builds on Bechtel’s experience delivering more than 300 projects in Saudi Arabia, including the recently opened Riyadh Metro.

The airport, expected to be the world’s largest when it opens in the coming decade, is a pillar of Saudi Arabia’s Vision 2030 that will serve as an economic engine for Riyadh and the surrounding region.

“The King Salman International Airport is a landmark project that will reshape Riyadh and enhance the lives and communities it serves,” said Darren Mort, President of Bechtel’s Infrastructure Business. “Bechtel’s award-winning aviation team has delivered some of the world’s largest and most complex airports, incorporating innovative and sustainable solutions. We look forward to partnering with the King Salman International Airport Development Company to bring their vision of a world-class passenger experience to life.”

When completed, the KSIA will operate six parallel runways and handle an anticipated capacity of 185 million passengers and 3.5 million tons of cargo annually by 2050. The new terminals will support economic growth in Riyadh and the surrounding region, while enhancing global connectivity and delivering a world-class passenger experience.

Bechtel will work with the King Salman International Airport Development Company to manage delivery of a terminal for commercial carriers, Terminal 6 for low-cost carriers, and a new private aviation terminal with hangars. The project team will prioritize achieving LEED Platinum certification by integrating innovative sustainable practices into the design and construction of all three terminals. The terminals will absorb or replace all existing facilities of the King Khalid International Airport.

Bechtel is an industry-leading engineering, project management and construction management services firm that has delivered airport projects around the world, including Hamad International Airport in Qatar, Dubai International Airport in the United Arab Emirates, London City Airport in the U.K., and Western Sydney International (Nancy-Bird Walton) Airport in Australia.

Learn more about Bechtel’s airport infrastructure business at bechtel.com.

About Bechtel

Bechtel is a trusted engineering, construction, and project management partner to industry and government. Differentiated by the quality of our people and our relentless drive to deliver the most successful outcomes, we align our capabilities to our customers’ objectives to create a lasting positive impact. Since 1898, we have helped customers complete more than 25,000 projects in 160 countries on all seven continents that have created jobs; grown economies; improved the resiliency of the world’s infrastructure; increased access to energy, resources, and vital services; and made the world a safer, cleaner place.

Bechtel serves the Energy; Infrastructure; Manufacturing & Technology; Mining & Metals; and Nuclear, Security & Environmental markets. Our services span from initial planning and investment, through start-up and operations. www.bechtel.com

Media Contact:
Luke Miller
lkmiller@bechtel.com  

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SOURCE Bechtel

DALLAS, May 13, 2025 /PRNewswire/ — Dent Mechanic Group (DMG), the Dallas-Fort Worth leader in paintless dent repair, today announced the continuation of its partnership with Hearts & Hammers, a local nonprofit dedicated to restoring homes for seniors, veterans, and neighbors in need.

“At DMG, our mission goes beyond repairing cars—we’re here to restore lives and strengthen our community,” said Daniel Spaeth, Owner and CEO of Dent Mechanic Group. “Partnering with Hearts & Hammers allows our team to give back directly and meaningfully. We’re honored to play a part in making Dallas a better place for everyone.”

Last year, the entire DMG team helped renovate the home of Mary, an 82-year-old South Dallas resident and longtime member of her neighborhood. The team closed their Dallas-based shop and painted, fixed siding, cleaned up the yard, and made general repairs to transform the house into a safer, more comfortable home.

“Our mission is to make things easier for people, whether through hassle-free dent repair or by lending a hand to those who need it most,” Spaeth added. “These projects remind us that we can create real change together. We look forward to building on this momentum with our next Hearts & Hammers project this fall.”

DMG’s partnership with Hearts & Hammers reflects the company’s belief that business success means positively impacting people and neighborhoods. The company’s core values of integrity, honor, and service have demonstrated how local businesses can create meaningful change by dedicating time and energy to their communities.

“At DMG, we believe our responsibility extends beyond repairing cars; we’re here to help restore lives and strengthen our community,” said Daniel Spaeth, Owner and CEO of Dent Mechanic Group. “Partnering with Hearts & Hammers allows our team to give back in a direct, meaningful way, and we feel honored to play a small part in making Dallas a better place for everyone.”

DMG’s business philosophy weaves community engagement into prioritizing customer experience, teamwork, and a relentless service drive. As DMG celebrates a decade of innovation in the paintless dent repair industry, it continues to set the standard for what it means to be a purpose-driven local business.

About Dent Mechanic Group

Founded in 2015, Dent Mechanic Group is a full-service auto hail repair company specializing in paintless dent repair and white-glove service. Based in Dallas, DMG is the highest-rated PDR provider in North Texas, with a reputation for excellence, speed, and trust. For more information, visit www.dentmechanicgroup.com

About Hearts & Hammers

Hearts & Hammers operates through the efforts of thousands of volunteers who contribute their time and skills to restore the exteriors of homes in need. The organization also hosts various fundraising events, such as the DFW Golf Classic and the Axe Throwing Fundraising Event, to support its initiatives. Individuals interested in volunteering, donating, or applying for assistance can find more information on the organization’s website: https://heartsandhammers.org.

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SOURCE Dent Mechanic Group

MARLBOROUGH, Mass., May 13, 2025 /PRNewswire/ — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company“), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:

Dear ConnectM Stockholders,

I want to thank you for your continued support and engagement as we navigate a pivotal chapter in our company’s evolution.

While we are disappointed by Nasdaq’s sudden decision to suspend our trading, our vision, trajectory, and company fundamentals remain strong and we are undeterred by this setback.

I know you all are eagerly awaiting the release of our Form 10-K. We intend to release draft FY2024 financial as well as draft Q1 2025 financials within a week while our auditors complete their audit and review procedures.

Below is an update on our current status, recent developments, and the concrete steps we are taking to enhance value for all stakeholders.

1. Business Overview – Continuing to Build on Momentum

ConnectM remains a high-growth technology company at the forefront of the modern energy economy. Through our Energy Intelligence Network and our constellation of companies across HVAC, distributed energy, and digital operations, we continue to integrate cutting-edge software and data-driven insights to optimize energy usage across residential and commercial markets.

2. Trading Status – Now on OTC Pink Market

As of this week, ConnectM shares are trading on the OTC Pink Market. While the transition was sudden, trading stabilized over the past three trading days with over 10 million shares in combined volume—demonstrating strong liquidity and engagement from our shareholder base. Our stock remains tradable via brokers such as Fidelity, Charles Schwab, E*TRADE, TD Ameritrade, Merrill Edge, Ally Invest, and Interactive Brokers

3. Reaffirming Our Plan – As Outlined on May 9, 2025

As shared in our May 9^th press release, our plan remains intact:

• File our 10-K and 10-Q to regain current reporting status
• Uplist to OTCQB to demonstrate transparency and accountability, thereby increasing liquidity for our common shares
• Refile our resale S-1Continue to add assets and reduce liabilities to position the company for a potential re-listing to Nasdaq or NYSE
• Continue working with ThinkEquity to align on capital market strategy and raise growth capital
• Apply to relist on a major exchange

4. Sustained Growth – Q4 2024 & Q1 2025 Highlights

Despite capital market disruptions, our operational momentum has not slowed. We continue to deliver:

• Sequential and year-over-year revenue growth
• Improved profitability
• Expanded customer deployments
• Strong performance across our Home and Building Electrification, Transportation, and Logistics segments

5. Our Milestone Calendar – Tracking to Re-Listing

We are holding ourselves accountable by sharing our key monthly objectives through August 2025:

May

• Cut stockholder deficit in half (from –$20M to <-$10M) through 3(a)(9), 3(a)(10) and other debt to equity conversions (already completed)
• File Form 10-K
• Complete integrations of Cambridge Energy Resources and Air Temp
• Implement SOPs to ensure timely Q2 Form 10-Q filing

June

• File Q1 ’25 Form 10-Q
• File resale S-1
• Reach $2.5M in stockholder equity (in process of acquiring a $15M+ asset)
• Apply for uplisting to OTCQB

July

• Achieve resale S-1 effectiveness
• Draw on equity line of credit for growth initiatives as needed
• Begin relisting preparation

August

• File Q2 Form 10-Q on time
• Submit formal relisting application to Nasdaq or NYSE

I intend to provide weekly updates on the above progress. My management team and I are committed to transparency and accountability to right the ConnectM ship.

We remain confident that the work we are doing now will not only restore compliance and visibility but will also build a stronger, more resilient ConnectM for years to come. We appreciate your continued support and invite your questions or comments anytime at:

📧 CNTM@redchip.com
📞 1-407-644-4256

Sincerely,

Bhaskar Panigrahi
Chairman & CEO, ConnectM Technology Solutions, Inc.

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements 

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. 

Contact:

Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.

NEW YORK, May 13, 2025 /PRNewswire/ — HATCH Mama, the clean, high-performance beauty and wellness line born from modern maternity brand HATCH Collection, is now available at Ulta Beauty. This marks the brand’s first national retail expansion in the beauty space. Launching online at ulta.com just ahead of Mother’s Day, this partnership brings HATCH Mama’s signature blend of care, efficacy, and indulgence to a broader audience—making it easier than ever for moms, and those shopping for them, to access premium skincare designed for one of life’s most transformative chapters.

Rooted in the belief that mothers deserve more—more support, more care, and more thoughtful efficacious solutions—HATCH Mama has redefined maternity beauty with clean, effective and beautiful products that meet the unique needs of pregnancy and postpartum with intention and a touch of self-love and indulgence.

The launch assortment now available on Ulta.com includes:

• Belly Oil – A cult-favorite hydrating treatment formulated to nourish stretch mark–prone skin.
• Down, Girl – A cooling leg and foot cream designed to relieve swelling, fatigue, and on-your-feet-all-day discomfort.
• Nipple + Lip Rescue Balm – A rich, multi-purpose salve for ultra-sensitive areas.
• New Mama Must-Haves Kit – A beautifully giftable set featuring full sizes of HATCH Mama’s bestselling essentials.

“At HATCH, we’re obsessed with supporting women through every phase of motherhood with beautiful, smart solutions that actually work,” said Ariane Goldman, founder of HATCH. “Launching at Ulta Beauty is a full-circle moment for us. It means moms everywhere can now find products that celebrate and care for them, right alongside their favorite beauty staples.”

“At Ulta Beauty, we believe wellness should support every woman at every stage of life—and that includes the deeply personal journey of motherhood,” said Laura Beres, VP of Wellness at Ulta Beauty. “HATCH Mama is a beautiful addition to our Wellness Shop, bringing effective, safe, and comforting solutions for pregnancy and postpartum. We’re proud to expand our assortment and provide our guests with wellness offerings that champion care during such a meaningful chapter.”

The full HATCH Mama lineup is now available online at ulta.com, with a broader rollout in 370 Ulta Beauty stores nationwide coming later this summer.

About HATCH

HATCH Collection is a premier maternity brand offering fashion, skincare, editorial content, and community support for women through every stage of pregnancy and motherhood. Created as a premium lifestyle destination, HATCH empowers women to navigate their journey with style, confidence, and care. Its editorial platform, Babe, delivers engaging content, educational resources, events, and a strong sense of community. Founded by Ariane Goldman in 2011, HATCH was acquired by Go Global Retail in October 2024 and is now part of the Matri Group portfolio, alongside Janie and Jack.

Contact: press@hatchcollection.com

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SOURCE HATCH Studios LLC

Certification adds to AIIR’s commitment to develop energy-efficient, reliable HVAC solutions

AUSTIN, Texas, May 13, 2025 /PRNewswire/ — AIIR Products (AIIR), a leading provider of AI-powered heating and cooling solutions, today announced that its flagship 8kBTU/hr (0.75T) unit has achieved certification from the Air-Conditioning, Heating, and Refrigeration Institute (AHRI). This recognition complements AIIR’s commitment to energy efficiency, intelligent design, and performance transparency in next-generation HVAC systems.

AHRI Certified^® is the trusted mark of performance for heating, air conditioning, water heating, and commercial refrigeration equipment. Products earning this AHRI certification are subject to rigorous, independent, annual evaluations to ensure they perform according to published claims. Certifying equipment and component functioning allows consumers to compare products based on independently verified performance ratings.

Engineered to achieve the peak energy efficiency, AIIR’s 8k unit features built-in sensors and onboard machine learning capabilities. The unit’s performance metrics, including a cooling capacity of 8,000 BTU/h and a heating capacity of 8,600 BTU/h at 47°F, have been independently verified through AHRI Certification and accessible in the AHRI Directory of Certified Product Performance. These energy efficiency achievements can not only reduce operating costs but carbon footprint as well, supporting AIIR’s goals for sustainability and environmental responsibility. According to the AHRI testing, the AIIR system operates at 17 SEER2 and 8.0 HSPF2 efficiency, delivering up to a 30% energy savings through its variable-speed operation, as compared to conventional systems.

“Achieving AHRI Certification is not just an important milestone for AIIR, it’s also evidence of our commitment to our customers to provide the best in performance and reliability,” said Trevor Schick, President of AIIR Products. “This recognition strengthens our clients’ trust in us and validates our continued pursuit of HVAC innovation powered by AI.”

The AHRI certification of AIIR’s 8k unit is the latest achievement in the company’s growing leadership in high-performance climate solutions. Designed and assembled in the USA, the 8k unit is the first in a planned lineup of scalable, intelligent HVAC systems, with expanded capacities and configurations currently in development.

To view AIIR’s listing in the AHRI Directory, visit https://ahridirectory.org/details/99/215874236.

For more information, visit aiirproducts.com.

About AIIR Products:
AIIR Products is a pioneering provider of AI-powered heating and cooling solutions designed to enhance comfort and energy efficiency in multi-family, residential, and hospitality settings. AIIR focuses exclusively on delivering innovative, sustainable systems that leverage advanced machine learning technology. Its flagship product, the AIIR Intelligent HVAC system, boasts over 30% greater energy efficiency compared to traditional HVAC systems, intelligently adapting to environmental conditions and occupant needs in real time.

AIIR is committed to creating healthier, more comfortable living spaces through smart technology. Its steadfast dedication to sustainability and innovation drives the development of solutions that improve project outcomes and positively impact the planet.

For more information about AIIR, please visit aiirproducts.com

Media Contact:

Matt Jaffe
AIIR@relativity.ventures

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SOURCE AIIR Products

CLEMMONS, N.C., May 13, 2025 /PRNewswire/ — The Sugar Mamas Movement is thrilled to present the Sugar Mamas Shopping Experience 2.0, returning and now extended to two days. Saturday and Sunday, May 17–18, 2025, from 10 AM to 4 PM at Ace Acres (4924 Hampton Rd, Clemmons, NC). This two-day celebration brings together over 100 women-owned businesses, local food trucks, boutiques, artist and hundreds of community members for a weekend of shopping, connection, and empowerment.

Recognizing that small businesses are the backbone of our community; this event was created to uplift and showcase the women entrepreneurs who keep our local economy thriving. The Sugar Mamas Shopping Experience offers a vibrant space for connection, support, and celebration—where attendees can shop boutique fashion and handmade goods, explore skincare and art, and indulge in luxe experiences. With mocktails, beer and wine, photo ops, music, giveaways, and more, there’s something meaningful (and fun!) at every turn.

This isn’t just about shopping—it’s about showing up for one another,” says Sugar Mamas founder Amy Jah, a businesswoman with over 20 years of experience in what many consider a male-dominated industry. “I look around and see another small business shuttered, and it hits hard—these are our neighbors, our friends, our community. 2024 tested so many women in business, and this event is a joyful response to that. It’s our way of saying: we see you, we support you, we’re celebrating you—and here’s a space for you.

This year, Sugar Mamas is also proud to partner with LEAD Girls of NC, a local nonprofit focused on equipping middle school girls with leadership and life skills. Several young entrepreneurs from the program will have the opportunity to showcase and sell their own products, giving attendees a chance to support the next generation of female leaders.

The event is sponsored by 28 women-owned businesses, including partners like Restoration MedSpa, Jodie Brim Creative, Stein Aesthetics & Plastic Surgery, Ally Cain Mortgage, The Hawkins Group, and True Step Advisors.

General admission is free, allowing everyone the opportunity to attend and enjoy the event. For those looking to treat themselves to the royal treatment, VIP tickets are available for just $20 and include early access, exclusive vendor discounts, and access to VIP lounge areas designed for relaxing, sipping, and celebrating in style.

Reserve your spot here:
https://app.showslinger.com/e/sugar-mamas-shopping-expe

About Sugar Mamas Movement
The Sugar Mamas Movement is a women’s empowerment community bringing women together through curated events, networking, and meaningful experiences. With a mission to uplift women in business and make space for the next generation, Sugar Mamas focuses on connection, collaboration, and celebration.

Contact: Amy Jah, Founder + CEO Sugar Mamas Movement

Email: amy@sugarmamasmovement.com Ph: 336.403.0998

www.sugarmamasmovement.com

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SOURCE Sugar Mamas Movement

CHICAGO, May 13, 2025 /PRNewswire/ — The global  Electric Vehicle Market is projected to be valued at USD 533.9 billion in 2024 and reach USD 3,760.9 billion by 2034, growing at a CAGR of 21.55% according to a new report by The Research Insights. The market for electric vehicle is driven by EV battery price reductions combined with increasing environmental awareness government support and battery technology advancements. The market has seen significant improvements in energy density, along with cost reductions, enabling longer range capabilities while minimizing expenses.

The report runs an in-depth analysis of market trends, key players, and future opportunities. In general, the Electric Vehicle market growth of 21.5% comprises a vast array of vehicle type, propulsion type, drive type, vehicle speed, vehicle class, end-use and geography which are expected to register strength during the coming years.

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Market Overview and Growth Trajectory:

Electric Vehicle Market Growth: According to an exhaustive report by The Research Insights, the Electric Vehicle Market is experiencing significant growth, driven by the lower fuel and maintenance costs of electric vehicles compared to traditional internal combustion engine vehicles act as a strong incentive. Significant improvements in energy density together with cost reductions now allow electric vehicles to deliver longer range capabilities while minimizing expenses. The emergence of high-power fast chargers combined with growing charging infrastructure networks now allows electric vehicle users to travel longer distances with greater ease. The worldwide adoption rate of electric cars continues to climb thanks to improvements in infrastructure and technology.

Accelerating Innovation Across the EV Landscape: Electrification Redefines Automotive Engineering and Supply Chains
The electric vehicle market is undergoing a pivotal transformation, fuelled by climate targets, advancements in battery chemistry, and strong government policy support. The shift toward zero-emission mobility places unprecedented pressure on automakers and suppliers to innovate across every aspect of EV design and performance. As outlined in hybrid electric vehicle battery market report, next-generation EVs must deliver longer ranges, faster charging, and greater affordability to meet global adoption goals. In response, major players are intensifying product development, for instance, Geely Galaxy’s Galaxy L6 EM-i hybrid sedan delivers electric-only ranges of up to 140 km, while Volvo’s EX30 Cross Country offers 427 km range and all-terrain capabilities with a 26-minute fast charge. Automakers like Tesla and Volkswagen are expanding offerings that integrate software, performance, and design—proving that the future of EVs lies in balancing innovation with consumer expectations.

Simultaneously, the rise of commercial EVs and last-mile solutions adds further complexity to vehicle design. The launch of Lohia Auto’s Humsafar IAQ, a three-wheeled electric vehicle tailored for urban transport, and Alexander Dennis’ zero-emission buses in the UK and Ireland demonstrate how electrification is reaching diverse transport segments. These evolving needs are pushing the EV industry to explore smart battery systems, lightweight materials, and modular designs that enhance both performance and serviceability.

Charging Infrastructure and Material Breakthroughs Reshape EV Ecosystem Expectations: The growing electric vehicle population is redefining the role of infrastructure and materials within the automotive value chain. The expectations for charging infrastructure are expanding as users demand faster, more accessible, and energy-efficient systems that can support diverse vehicle platforms. Reports such as, Electric Vehicle Charging Infrastructure Market and many others highlight the need for high-conductivity materials, thermal resilience, and interoperability across networks. For instance, vehicles like the Volkswagen ID.4 Pure, which supports both AC and fast DC charging, reflect this shift—achieving up to 363 km of range and restoring 80% battery capacity in just 25 minutes.

At the material level, the growing complexity of electric drivetrains, battery packs, and onboard electronics is leading to new demand for thermally conductive polymers, electromagnetic shielding, and high-strength adhesives. Thermal Conductive Polymer Material for Electric Vehicles Market explore how these materials enable heat management, weight reduction, and long-term structural integrity. As vehicle electronics become more advanced and susceptible to signal interference, the application of shielding coatings, discussed in the Electromagnetic and Radio Frequency Interference Coating for Electric Vehicles Market, is gaining momentum across the EV sector. With manufacturers embracing digital platforms, over-the-air software updates, and predictive diagnostics, material choices now influence not only vehicle performance but also data security and system reliability.

In this rapidly advancing environment, the electric vehicle market must accelerate at the intersection of performance, infrastructure, and sustainability, defining the future of mobility through constant reinvention.

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Strategic Alliances and Emerging Markets Broaden the EV Landscape: Strategic partnerships transform market dynamics by extending electric vehicle technologies to previously untapped geographies and sectors. The August 2023 merger between ElectraMeccanica and Tevva demonstrates heightened interest in electrifying commercial transport while combining American and British manufacturing capabilities to expand truck production worldwide. NexGen Energia launched an affordable electric two-wheeler in India during April 2024 which demonstrates how companies are meeting consumer price sensitivity and accessibility demands in emerging markets while strengthening electric vehicle sector contributions to inclusive and sustainable growth.

Geographical Insights: Asia Pacific dominated the electric vehicle market in 2024; it would continue to dominate the market during the forecast period and account for more than 45-55% share by 2034. Europe is the second-largest contributor to the global electric vehicle market, followed by North America.

The Asia Pacific region is becoming a key centre for electric vehicle suppliers because of beneficial local and international conditions. China leads global electric vehicle innovation through its effective regulatory framework and robust industrial capabilities. The worldwide adoption of electric vehicles is led by China because of its widespread battery charging network and technical manufacturing strengths. Through several initiatives that promote new energy vehicles across both urban and rural areas and accelerate the development of charging networks the Chinese government is accelerating the shift towards electric vehicles.

The electric car industry in India made major progress because of continuous support policies and incentives developed over the past few years. MG Motor stands as an outstanding case because it functions as a subsidiary of SAIC Motor. MG Motor introduced the Comet EV model which combines modern aesthetics and customization options through a variety of colour choices and stickers at a cost-effective price of USD 9,700 (7.98 lakh INR). The Indian government plans to address growing electric vehicle requirements by expanding charging networks and supporting local battery manufacturing for EVs.

Global Electric Vehicle Market Segmentation and Geographical Insights:

• Based on vehicle type, the market is divided into scooters, motorcycles, three-wheelers, passenger cars, buses, and trucks. The Passenger cars segment held the largest share in 2024 of the global electric vehicle market because of their dominant revenue share which results from increased environmental awareness combined with supportive government policies and ongoing advancements in battery technology and charging systems.
• Based on propulsion type, the market is divided into Battery Electric Vehicles (BEVs), Plug-in Hybrid Electric Vehicles (PHEVs) and Fuel Cell Electric Vehicles (FCEVs). The Battery Electric Vehicle (BEV) segment held the largest share in 2024 of the global electric vehicle market.
• Based on drive type, the market is divided into Front-Wheel Drive (FWD), Rear-Wheel Drive (RWD), and All-Wheel Drive (AWD) vehicles. The Front-Wheel Drive (FWD) segment held the largest share in 2024 of the global electric vehicle market due to its increasing popularity through their affordability and simple design which makes them ideal for everyday city travel.
• Based on vehicle speed, the market is divided into Less Than 100 MPH, 100 MPH to 125 MPH and Above 125 MPH. The 100 MPH–125 MPH speed segment held the largest share in 2024 of the global electric vehicle market due to consumers preferred electric vehicles that combined practical functionality with enhanced performance. 
• Based on vehicle class, the market is divided into Low, Mid, and High. Low-Priced Electric Vehicles segment held the largest share in 2024 of the global electric vehicle market which reflect evolving consumer preferences.
• Based on end use, the market is divided into Commercial and Personal. The personal EVs segment held the largest share in 2024 of the global electric vehicle market due to Growing environmental awareness along with widespread model availability and consumer incentives
• The Electric Vehicle Market is segmented into five major regions: North America, Europe, Asia Pacific, Central & South America and Middle East & Africa.

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Key Players and Competitive Landscape:

The Global Electric Vehicle Market is characterized by the presence of several major players, including:

• AB Volvo
• BYD Company Ltd.
• Ford Motor Company
• General Motors
• Honda Motor Co., Ltd.
• Kawasaki Motors Corp., U.S.A
• Mercedes-Benz Group AG
• Mitsubishi Motors Corporation
• Nissan Motor Co., Ltd.
• Renault Group
• Tesla, Inc.
• Toyota Motor Corporation
• Volkswagen Group
• Zero Motorcycle

These companies are adopting strategies such as new product launches, joint ventures, and geographical expansion to maintain their competitive edge in the market.

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Global Electric Vehicle Market Recent Developments and Innovations:

• In February 2025, Geely Galaxy launched their new compact plug-in hybrid sedan Galaxy L6 EM-i in February 2025 with five different variants. The sedan offers electric-only driving ranges from 60 km to 140 km under the CLTC cycle and its price falls between CNY 79,800 and CNY 106,800.
• In February 2025, Volvo Cars introduced the fully electric compact SUV known as the Volvo EX30 Cross Country. The Volvo EX30 Cross Country will enter deliveries starting in spring 2025 after becoming available for pre-order in select markets. The vehicle provides drivers with a maximum distance capability of 427 km and allows them to charge up to 80% battery level within 26 minutes. The model provides all-wheel drive together with higher ground clearance for better off-road performance and optional 18-inch tires specifically for off-road use.
• In January 2025, Tesla launched its latest Model Y vehicle in markets across the United States and Canada. Tesla’s Model Y Launch Series will start deliveries in March 2025 priced at USD 59,990 before options.
• In December 2024, Volkswagen introduced the ID.4 Pure model which combines a 170 hp engine with a 55-kWh battery to deliver 363 km of driving range. Users can charge the model with 11 kW AC power in roughly 4.5 hours and with 115 kW DC power in about 25 minutes. It is priced starting at EUR 30,800.
• In May 2024, the electric vehicle manufacturer Lohia Auto launched their Humsafar IAQ model which is a three-wheeled vehicle designed specifically for short-distance travel and last-mile connectivity. As the vehicle achieves 185 km range on a full charge it reaches a maximum speed of 48 km/h and accommodates one driver and four passengers. This vehicle utilizes a swappable 7.6 kW battery and offers an optional fixed 10.7 kW battery while incorporating an IP67-rated motor and 4.5R10, 8 PR Sheet Metal Rims.
• In April 2024, the e-mobility company NexGen Energia from Noida, India introduced an electric two-wheeler with affordable pricing. This development represents an important advancement in making electric vehicles more accessible and affordable to a larger population.
• In November 2023, Alexander Dennis which operates under NFI Group Inc. introduced new battery-electric buses specifically for markets in the UK and Ireland. Alexander Dennis introduced two battery-electric buses for the UK and Ireland: The Enviro100EV as a compact bus model and the Enviro400EV as a double-decker bus that demonstrate improved performance which supports zero-emission public transportation objectives.
• In August 2023, the producer of the compact Solo electric vehicle ElectraMeccanica declared a merger with Tevva which manufactures electric trucks in the UK. Through this strategic partnership Tevva will strengthen its market position in electric trucks while expanding operations across the UK, Europe, and the US by using ElectraMeccanica’s Arizona manufacturing facilities to increase truck production.

Conclusion:

The electric vehicle industry faces substantial changes through technology advancements along with environmental regulations and evolving consumer tastes. The electric vehicle sector experiences rapid growth as tighter global emission standards and rising sustainable transportation requirements lead to increased investments in battery technology and charging infrastructure along with smart mobility solutions. The fusion of renewable energy systems and vehicle-to-grid technologies transforms energy networks while autonomous driving and connected vehicle systems introduce innovative changes to the industry. Long-term resilience and sustainability depend on supply chain localization together with critical mineral sourcing and circular economy practices. The electric vehicle market leads the future mobility revolution while the convergence of government policies with industrial and consumer electrification goals requires ongoing innovation and sector collaboration.

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The report from The Research Insights, therefore, provides several stakeholders—including consumers, fleet operators, automakers, battery manufacturers, raw material suppliers, component suppliers, charging infrastructure providers, utility companies, national and local governments, regulatory bodies, investors, financial institutions, environmental advocacy groups, research institutions, universities, and software and technology providers—with valuable insights into how to successfully navigate this evolving market landscape and unlock new opportunities.

With projected growth to US$ 3,760.9 billion by 2034, the Global Electric Vehicle Market represents a significant opportunity for automakers, battery manufacturers, charging infrastructure providers, utilities and energy companies, raw material suppliers, and others. By staying abreast of market trends, embracing innovation, and focusing on quality and performance, companies can position themselves for success in this dynamic and evolving market landscape.

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SOURCE The Research Insights

• There is a critical need for trustworthy, hyper-personalized information earlier in the diagnosis and treatment journey to empower patients to participate in their care
• The partnership will initially focus on endometriosis and hematology; high-need therapeutic areas where patients are actively seeking information
• Connecting tailored information with relevant, motivated audiences will reinvent the way DTC advertising interacts and engages with consumers

NEW YORK, May 13, 2025 /PRNewswire/ — Ubie, an AI-driven and medically vetted healthcare prediction platform that guides patients to the care they need, and CMI Media Group, a WPP (NYSE: WPP), healthcare media agency, announced a partnership aiming to transform direct-to-consumer (DTC) advertising, beginning with women’s health and hematology/oncology. The collaboration integrates Ubie’s AI Symptom Checker with CMI’s precision media expertise to address the pharmaceutical industry’s challenges in reaching patients with personalized, engaging messaging at scale. This combination will help accelerate time to diagnosis and the identification of the best available treatment.

American consumers continue to face challenges in managing their own health, including long waits for doctor appointments and treatment, increasing healthcare costs, and broken patient engagement. At the same time, consumers are more active in seeking information for their health conditions, increasingly relying on online tools and information. But, there is an excessive amount of noise online, including a large amount of conflicting information and misinformation.

To reach consumers, marketers need to meet patients where they are, by using highly-personalized, patient-centric, and brand-safe approaches, rather than the traditional scattergun approach – a concept understood in industries outside of healthcare.

“Today’s healthcare consumers are active and want to be engaged with, but with so many websites, ads, and social media posts, it can be a struggle to understand what information to trust to take control of their own care,” said Kota Kubo, Co-Founder and CEO of Ubie. “By combining the ability of Ubie’s medically trained AI to decode symptom patterns with CMI’s strategic expertise in reaching consumers, we’re creating tools that can better connect with those looking for answers about their symptoms.”

A one size fits all approach doesn’t help patients navigate healthcare. Personalization is one key to delivering improved opportunities to engage in health behaviors. The partnership will allow DTC advertisers to engage patients individually, reaching consumers who are searching for more information where they are.

Ubie’s online platform is a highly accurate, medically-validated AI symptom checker that is free and easily accessible. Ubie engages patients early in their journey, providing personalized information about potential conditions and guiding them toward appropriate medical care, including appropriate providers and treatment information. This information can empower patients to become knowledgeable, active participants in their own health care and take the steps needed for better outcomes.

“For this specific partnership, women’s health was a perfect fit. The need for education in this space is at a critical place right now. By leveraging new technologies that allow women the opportunity to quickly and accurately gain access to data is life changing,” adds Julie Hurvitz Aliaga, EVP of Innovation, Content and Partnerships of CMI Media Group.

Viewing people as consumers of healthcare, rather than passive receivers, can enhance the quality of care. New innovations, like AI trained on medical data, can reach consumers with individually tailored information. DTC advertising has the opportunity to meet even the most unique needs with resources that can empower consumers to become partners in their care.

About CMI Media Group  

CMI Media Group, a WPP company (NYSE: WPP, http://www.wpp.com), is a global, full-service media agency focused solely on health, wellness, and pharmaceutical marketing. CMI Media Group’s core offerings include Audience Strategy, Planning, Development, and Insights; Data and Analytics; Buying and Investment; and Direct Response and Customer Experience. As the leading media resource for the world’s top healthcare companies, CMI Media Group brings together leading technology, data, and talent to deliver seamless capabilities for clients. CMI Media Group has been recognized as a leader in inclusion, talent retention and employee development as well as one of the industry’s best places to work. To apply for a position within our teams visit https://www.cmimediagroup.com/careers/. 

About Ubie

Founded in 2017, Ubie empowers individuals and healthcare professionals with the tools they need for better care. Leveraging cutting-edge disease prediction AI, Ubie guides 10+ million patients every month to seek appropriate medical attention through its free online Symptom Checker and equips 1,900+ provider organizations with clinical tools that streamline workflows and support better diagnoses and health outcomes. Trained on medical data, Ubie’s marketing solutions power advanced targeting capabilities and high-performing digital campaigns for 70% of the world’s top life science companies.

Learn more about our vision and work at https://ubiehealth.com/company or try our free Symptom Checker at https://ubiehealth.com/.

Contact: Ryosei Hatakeyama
Ubie, Inc.
Email: pr@ubiehealth.com

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SOURCE Ubie, Inc.