Tag: Latest News

f1-esports-series-pro-championship-presented-by-aramco-heads-to-iconic-trio-of-circuits-for-event-2

F1 Esports Series Pro Championship presented by Aramco heads to iconic trio of circuits for Event 2

October 26, 2021 Published by
Reading Time: 3 minutes

This year’s F1 Esports Series Pro Championship presented by Aramco started with a bang as we were treated to three thrilling races in Event 1, with Aston Martin’s Lucas Blakeley securing his first ever F1 Esports Series victory, before reigning champion Jarno Opmeer showed he won’t give up his crown without a fight with back-to-back wins which put him and Mercedes at the top of the Drivers’ Championship and Teams’ Championship standings respectively.

Event 2 sees the drivers take on three of the most iconic circuits in motorsport, as they get ready to do battle at Silverstone and Monza on Wednesday, before attention turns to Spa on Thursday. While the Pro Championship is only a quarter of the way through, picking up points here will be crucial as teams fight to get their hands on a share of the $750,000 prize pot.

The live shows will be streamed online via official Formula 1 channels on Faceboo, YouTube, Twitch and Huya, as well as broadcast on television by select international partners including the likes of Sky, ESPN and Fox Sports, whilst Qualifying show content will be streamed exclusively on Twitch and YouTube.

Please see the table below for the full breakdown of the platform splits so you don’t miss a moment of the action this week:

Day

Session

Time (BST)

Coverage

Wednesday 27 October

Qualifying Show 1
(featuring Quali. 1 highlights and Quali. 2 live)

15:30 – 16:45

Twitch & YouTube

Evening Show 1
(featuring Quali. 1 and Quali. 2 highlights, Race 1 re-run and Race 2 live)

19:30 – 21:00

TV & Online

Thursday 28 October

Qualifying Show 2
(featuring Qualifying 3 live)

15:30 – 16:45

Twitch & YouTube

Evening Show 2
(featuring Quali/Race 1 and Quali/Race 2 highlights, Quali. 3 highlights and Race 3 live)

19:30 – 21:00

TV & Online

Ahead of this week’s Event 2, we spoke with four drivers, all looking to build on impressive performances in Event 1, with all quotes below available for use in editorial.

Marcel Kiefer – Red Bull

“The level of competitiveness is definitely super high this year. One of the new guys that has come in Bari Boroumand is super quick and I would already rate him as one of the fastest on the grid. What he’s done in league racing and his raw pace is super fast. There are definitely a few additions to the grid that are super quick. The speed of everyone probably does mean that it is more competitive than last year.”

Lucas Blakeley – Aston Martin

“We have got a lot more things right this year from the beginning. I’ve put a lot of work in personally in the off season for months and months, not necessarily on the F1 game. I focussed on utilising every aspect that would help me to go quick and that doesn’t necessarily mean improving lines into corners. I’ve been optimising every area that I physically can and I’ve become a more complete driver.”

Sebastian Job – Alpha Tauri

“The one thing I’ve learnt is to surround yourself with people that are better than you and then you can learn from them. That’s what I’ve done coming to a new game, I’m surrounded by people that are better than me at this game and it gives me the perfect way to improve. The speed at which I’m improving is really promising and that’s because of my teammates.”

Josh Idowu – McLaren

“We’re looking very strong [heading into Event 2], in particular Bari [Boroumand] who had some crazy pace from the first Event especially in qualifying which I would say is the hardest part. Once he can get it together in the race, I would expect a lot of wins from him.”

jeeves,-the-fintech-built-for-global-companies,-launches-its-all-in-one-corporate-card-and-capital-financing-services-for-high-growth-startups-in-canada

Jeeves, The Fintech Built For Global Companies, Launches Its All-In-One Corporate Card And Capital Financing Services For High-growth Startups In Canada

October 26, 2021 Published by

 

Jeeves, the all-in-one expense management platform for global startups, announced today that it has officially launched its product and services in Canada. This expansion into the Canadian market follows the company’s highly successful funding rounds of a Series A at $31 million USD followed by a Series B of $57M. Both rounds were completed in 2021 in less than 90 days of each other for a total raise of $183M USD, and a valuation of more than $500M USD. The Canadian launch is the latest in a momentous year of growth for the company.

Jeeves provides a true corporate card and expense management solution for global-minded Canadian companies, with hassle-free, no fee, no interest, and no personal guarantee virtual and physical cards. In addition, Canadian entrepreneurs and business owners can earn up to 3% cashback and choose to pay the card back in USD or CAD. This makes Jeeves the ideal financial tool for Canadian startups with aspirations of expansion beyond borders.

In addition to its expense management platform and corporate card, the company has launched Jeeves Growth – allowing startups and SMEs to scale faster with easy to access non-dilutive capital in their local currency. Jeeves Growth, a new product that provides revenue based financing solutions to companies across the globe, leverages the company’s infrastructure and platform to provide longer term financing options to startups and SMEs on top of our cards and revolving credit lines. This aims to solve a significant challenge faced by Canadian startups.

“By launching in Canada we seek to solve a major problem faced by a lot of Canadian startups and fast growing companies with global presence. Our multi-currency corporate card platform will allow Canadian entrepreneurs to focus on their business and less on administrative tasks, while the Jeeves’ roadmap has a number of services planned that will offer significant positive changes to the Canadian startup landscape,” said William Lam, General Manager of Canadian Operations.

Both Jeeves Corporate Card and Jeeves Growth run on the company’s proprietary infrastructure with an easy-to-use user interface, allowing for Canadian companies to spin up their finance function within minutes.

“We differentiate ourselves by being really easy and intuitive to use. You don’t need a finance degree to utilize Jeeves. Expense management can be set up in a day and your corporate card is delivered from there.” said Co-founder and CEO, Dileep Thazhmon. “This has huge implications for companies waiting to be approved, holding up their growth plans. Any company regardless of industry can use our platform, however the majority of our current customer-base are high-growth startups.”

Jeeves is seeking to change the paradigm and revolutionize the way global companies think about their finances. As an alternative to the often time consuming and frustrating options startups and high growth companies face when looking for an expense management solution, Jeeves has been making waves as a fast and trusted service platform built for borderless companies – something the Canadian startup landscape has sorely needed for too long.

“Jeeves is already operating in 20 countries around the world, and our aim is to launch in at least 6 to 10 additional countries each year. With the Canadian startup landscape producing so many successful and globally operated companies, we are ecstatic about launching Jeeves in this market,” said Thazhmon.

xponent-power-introduces-world’s-first-power-generating-solar-awning-for-the-rv-industry

Xponent Power Introduces World’s First Power Generating Solar Awning for the RV Industry

October 26, 2021 Published by

 

As more RV owners go dry camping, there is an increasing need for off-grid power. To address this need, Xponent Power is releasing the first commercially available retractable solar awning for RVs, the Xpanse Solar Awning. Deployed at the push of a button, the compact Xpanse solar awning provides shade while simultaneously generating over 1.2kW of solar power to run onboard appliances. The Xpanse solar awning is compatible with most RVs and uses high-efficiency, rigid solar panels to enable extended off-grid adventures.

“Solar is the preferred source of power for RVs, but let’s face it, roof space is limited. You’re lucky if you can fit two or three large panels on the typical RV roof,” said Xponent Power Founder Rohini Raghunathan. “Our research indicates that RV owners overwhelmingly want to go boondocking more often but are fundamentally limited by access to power. With the Xpanse Solar Awning, we are enabling RV owners to generate substantial power on the go so that they can go off-grid more often.”

The Xpanse solar awning is compatible with electrical components used in traditional solar installations on RVs, including charge controllers, batteries, and inverters. The product, which can mount on either side of the vehicle, provides flexibility to RV owners who would like additional power but are not looking to replace an existing awning. It can also integrate with existing rooftop installations, extending the solar power generation capabilities beyond the roof of an RV.

Designed with a strong focus on quality and performance, the awning passed a series of rigorous tests that ensured its robustness. Additionally, the awning has built-in intelligence to detect adverse weather conditions and automatically retract itself to safety when needed.

“Traditional awnings that consist of a very large continuous piece of fabric experience huge wind uplift even at rather low wind speeds, very much like a sail. In contrast, the Xpanse solar awning has an innovative, patented design that creates small gaps between the solar panels when they are slightly retracted. These gaps allow wind to pass through, greatly reducing the wind uplift and making the awning intrinsically wind-tolerant. This means the awning can be kept open and produce power even at relatively high wind speeds,” states Raghunathan. “What’s especially great about this awning design is that it uses intelligence to detect wind speeds and to provide the necessary wind relief when needed.”

Based in California, Xponent Power was founded by solar industry veteran Rohini Raghunathan and a team of experts that bring together deep and multi-disciplinary expertise in the solar and RV industries. The Xponent team is in talks with automotive and RV manufacturers to provide the Xpanse solar awning as a pre-installed option on their new vehicles.

“Xpanse is just the first step to creating more mobility-focused solar solutions. With this disruptive technology platform, we are transitioning solar from a traditionally static to a dynamic and intelligent system, thereby enabling widespread solar adoption in new markets,” concludes Raghunathan. “We envision the adoption of our retractable solar technology platform in several diverse markets such as mobile medical, military, police, and emergency relief power, as well as tiny homes, apartments, and more.”

coolbitx-and-crypto.com-team-up-for-special-edition-coolwallet-pro-hardware-wallet,-cro-support-and-payment-integration

CoolBitX And Crypto.com Team Up For Special Edition CoolWallet Pro Hardware Wallet, CRO Support and Payment Integration

October 26, 2021 Published by

 

International blockchain security company CoolBitX, creator of the CoolWallet Pro, the Bluetooth hardware wallet for DeFi users, has announced a collaboration with Crypto.com, the world’s fastest growing crypto platform.

CoolWallet’s official website has integrated Crypto.com Pay, a powerful payment solution that offers cashback and other rewards to users for paying and receiving payment in cryptocurrency, and also offers integrated support for the CRO token. Crypto.com Pay supports over 25 cryptocurrencies including BTC, ETH, DOGE, and can be used by an estimated 50 million cryptocurrency users with support for CRO payments via the Crypto.com App and other ERC-20 wallets.

A co-branded Crypto.com x CoolWallet Pro model will also be released on 26 October 2021 on the product website. The limited edition CoolWallet will be accompanied by an exclusive offer of free shipping, a 10% discount and free card holder for the first 100 units using Crypto.com Pay.

Michael Ou, Founder/CEO of CoolBitX said: “Crypto.com is a leader in the crypto industry, with its expansive product suite and partnerships with the world’s best entertainment and sports teams and brands bringing in much-needed mainstream interest and support to the cryptocurrency sector as a result. It’s an honor for us to closely partner with Crypto.com, and provide both our communities and users with integrated access to each other’s products and solutions. We are especially excited about the DeFi-facing benefits and possibilities that this partnership will unlock for users of our new CoolWallet Pro hardware wallet. We look forward to a long and mutually beneficial partnership with Crypto.com.”

In addition, CoolBitX has commented that they look forward to further possible integrations with the innovative Crypto.com ecosystem, such as CRO staking and NFT support.

Eric Anziani, COO of Crypto.com said, “We are delighted to partner with CoolBitX. We are committed to our mission of accelerating the world‘s transition to cryptocurrency. As cryptocurrency gains more mainstream adoption, businesses will need easy ways to accept crypto payments, and users will need easy and safe ways to spend their crypto. Our partnership with CoolBitX delivers on all fronts, offering users a secure hardware wallet, and the opportunity to spend their crypto.”

Crypto.com drew worldwide attention this year for their high-profile partnerships in the sports industry, building a portfolio of global brand partnerships ranging from Formula 1, UFC, Paris Saint-Germain, and the NBA’s Philadelphia 76ers, to the NHL’s Montreal Canadiens, esports team Fnatic, Aston Martin Cognizant Formula 1 Team, and Lega Serie A, the Italian Football league.

CoolWallet Pro, the new flagship model in the company’s pioneering mobile hardware wallet series first launched in 2016, was released in May 2021 to positive industry reviews. The DeFi-focused cold wallet allows users to not only safely store multiple digital assets, but to also interact with an integrated in-app marketplace which provides access to the world’s best decentralized finance protocols and exchanges. CoolWallet Pro users earn passive income on their assets by staking assets like Polkadot (DOT), Cosmos (ATOM) and Tron (TRX), with support for Cardano (ADA), NFTs and other leading currencies in the pipeline. This comes in addition to its existing native support of BTC, ETH, LTC, XRP, BCH, ZEN, BNB, DOT, ATOM, TRX, USDT, USDC and ERC20, TRC20 and BEP20 tokens.

The latest addition of in-app Marketplace support to the Rarible NFT platform demonstrates how CoolBitX continues to innovate and is constantly adding new integrations to CoolWallet Pro to meet the demands of the ever-growing and evolving digital asset market. For more details on the Crypto.com x CoolWallet Pro hardware wallet, please visit: https://www.coolwallet.io/crypto-com-coolwallet-pro/

novel-open-banking-payment-solution-from-kevin.-wins-investment-from-global-paytech-ventures

Novel Open Banking Payment Solution from kevin. Wins Investment from Global PayTech Ventures

October 26, 2021 Published by

 

Founded in 2018 and based in Vilnius, kevin. offers PSD2 technology that enables merchants to accept payments directly from bank accounts.

“We’re excited about kevin. because their API can do what others have only been able to mockup. kevin. is way ahead of everyone else — their system has real transactions, servicing and targeting real verticals and they have proven they can do it,” said Javier Perez, Managing Partner of Global PayTech Ventures and ex Mastercard President.

kevin.’s API is a PSD2 payment solution for both merchants and consumers. “In Europe, up to 80% of all online payments are made by debit card. And behind every debit card there’s an account, which means these payments could be made directly from (bank) accounts,” said Pavel Sokolovas, co-founder and COO of kevin.

PSD2 is the EU’s open banking regulation, designed to protect consumers when they pay online and promote the development and use of innovative online and mobile payments. PSD2 payments still require several authentication steps, so it works well for e-commerce, but hasn’t yet been efficient for services like parking, deliveries or transit, where consumers typically use a credit card. With kevin.’s technology, consumers can now make payments for these services in the same convenient way as cards.

How it works
Customers link their account to a service provider’s app once and afterwards there is no need for authentication for every transaction. kevin.’s API manages this process through its secure, licensed infrastructure, which operates in the background. The end user experience is similar to using a payment card.

Why it’s important

  • Significant cost savings — Bank account payments are cheaper for merchants, and ultimately consumers.
  • UX as efficient as credit cards — By removing the need for authentication with every transaction, the user experience is faster, smoother and more convenient.

“Requiring authentication every time a customer makes a €2 parking payment is not competitive, so service providers stick to cards, but there’s a downside. With a typical flat charge per payment of €0.10, plus an additional charge of around 1%, companies providing low-priced services like parking can end up paying up to 10% to card networks per payment,” said Tadas Tamošiūnas, co-founder and CEO at kevin.

“kevin. lets users and merchants treat bank accounts like cards. Our new solution enables seamless, instant transactions that don’t need to be authorised every time a service, like getting a ride on a ride-hailing app, is ordered.”

Who is using it
The biggest parking operator in the Baltics, Unipark, has been one of the first companies to integrate kevin. in its app. On average, Unipark pays 80% less for acquiring services per transaction than with a card network. After launch in December 2020, today 40% of Unipark customers decide to link bank account instead card linking.

Who else has invested
kevin. has raised $10M in seed funding from a number of European investors including OTB Ventures, Speedinvest, Open Ocean and high net worth individuals including AmRest founder Henry McGovern. This funding will enable kevin. to bring its solution to new sectors and markets in Europe.

Where it’s offered
kevin.’s services are currently available in 15 European countries, including Sweden, Finland, Poland, Spain, Netherlands, Baltics and Portugal, where the company has a coverage of more than 85% of bank customers. The firm’s services will be available in 21 European Economic Area (EEA) countries by the end of 2021, and in 28 EEA countries by mid-2022.

The startup was named best fintech in the Baltics in the Mastercard Lighthouse programme.

kevin. has a team of more than 100 employees in seven countries and it plans to expand its workforce to beyond 350 employees in 2022.

SOURCE Global PayTech Ventures

snax-launches-new-app-that-turns-players-into-movie-makers-with-interactive-gameplay

Snax Launches New App that Turns Players into Movie Makers with Interactive Gameplay

October 26, 2021 Published by
Reading Time: < 1 minute

The future of interactive movies has arrived. Paris-based startup Marmelapp has released Snax, an app that combines movies with interactive gameplay to give the player control over how the story progresses. Players become movie makers by making choices with bitesize content and solving fun puzzles.

Snax combines movies with interactive gameplay to give the viewer control over how the story progresses. Choose which direction to go, where to hide, how to react and more as the story unfolds. Use the 360 mode to look around before making decisions. Viewers will also encounter puzzles during gameplay, and hits are available for those who get stuck.

Reviewer dxlyen gave Snax five stars and said, “Perfect for the spooky season! It really makes you think, there are cool features like 360 mode, and it’s really like you’re actually there. But get this, you don’t need any account or anything! And btw the effect it makes when you open the app is so satisfying. Really needs more recognition.”
Nasia2006 said, “Just from the first episode, I am hooked on this app! It really makes you think, and it’s a very interesting app!! Best thing I could have ever downloaded, honestly!”

Snax is free to download on the Apple App store and offers free gameplay options. Subscription options are available within the app for premium features and unlimited content. Subscriptions are available for one week, one month, and one year.

jejala-indonesia-2021:-indonesia’s-government-pushes-initiatives-to-further-promote-the-growing-startup-industry

JEJALA INDONESIA 2021: Indonesia’s Government Pushes Initiatives to Further Promote the Growing Startup Industry

October 26, 2021 Published by

 

Indonesia’s startup ecosystem has been thriving and proving its early adopters correct, and the Indonesian government, spearheaded by the Ministry of Communications and Informatics, wants to keep the momentum by offering support and incentives to foreign investors in the space.

Startup scene boom

In recent years, the Indonesian startup scene has been enjoying tremendous growth from multiple sectors, and the pandemic has revealed new industries that have vast potential in the region.

While promoting a growing ecosystem with Gerakan Nasional 1000 Startup Digital (1000 Digital Startups National Initiative), the Indonesian government now puts in place investor-friendly policies such as the push to exempt foreign investment from minimum investment requirements. The initiative allows foreign direct investments to enjoy some favorable manpower regulations, such as incentives for priority sectors and tax cuts.

“If you’re an investor, you’ll be tapping into not only Indonesia but also the entire Southeast Asia and Asia-Pacific regions,” says Semuel Abrijani Pangerapan, Director General for Informatics Application, Ministry of Communications and Informatics. “The return for your investment is going to be bigger than you can expect while being among the ones who support the advancement of multiple societies.”

New growth industries

Speaking of the most promising sectors, the country has seen funding being mainly focused on EdTech, Fintech, and SaaS for these past few years. However, the pandemic has shifted the market and logistics, manufacturing, and delivery services have risen to be among the sectors with most potential for growth.

“Particularly for the top manufacturing countries like Japan, Indonesia has played an important role to provide manufacturing facility resources. Many startups have moved rapidly to adapt the manufacturing ecosystem, while digitizing the industry with SaaS-enabled solutions,” said Chendy Jaya, CEO of Imajin, a marketplace for manufacturers in Indonesia.

All these, plus the over US$190 billion fund allotted by the Indonesian government for its National Economic Recovery Program has made Indonesia a prime market for investors. According to a report by Asian Development Bank (ADB), Indonesia’s economy is expected to enjoy 3.5% growth in 2021 and by 4.8% in 2020 despite the significant impact of the pandemic.

Programs for Japan Investors

To further sustain this momentum, the Ministry of Communications and Informatics continues to develop and implement programs aimed to foster connections between Japanese investors and Indonesian startup founders such as the upcoming Joint Exhibition & Junction of Startup Landscape in Indonesia or JEJALA ID, a four-month networking event.

It will hold roadshows, workshops, and seminars for investors and founders in Europe, Singapore, Japan, and the United States. Registration for Japan’s Investors is ongoing until October 28th, 2021, and the first pre-event roadshow titled “Addressing The Myth Surrounding Indonesian Startup Investment” – will be held on October 29, 10:00-11:00 JST for participants representing Japan.

It will feature esteemed business executives such as Hiro Kiga, founder of FX and a cross-border payment solution company, Wallex; Chendy Jaya, CEO of Imajin; Semuel A. Pangerapan; and Italo Gani, Managing Partner at Impactto. They will share their knowledge and wisdom to help participants gain insight into the Indonesian market.

avast-launches-new-premium-browser-for-pcs-with-a-built-in-virtual-private-network

Avast Launches New Premium Browser for PCs With a Built-in Virtual Private Network

October 26, 2021 Published by

 

Avast (LSE:AVST), a global leader in digital security and privacy, has launched a premium version of its free secure and private browser. Avast Secure Browser PRO*, a Chromium-based browser for Windows PCs, includes an integrated Virtual Private Network (VPN) and advanced Adblock technology for people who need a lightweight but comprehensive suite of security, privacy and performance services to tackle today’s most pressing web-based threats. The built-in VPN, which provides access to 30 locations worldwide covering every continent except Antarctica, helps to ensure the highest levels of privacy protection by encrypting all inbound and outbound connections.

Avast Secure Browser PRO for Windows provides people with seamless, high-performing digital protection, no matter their level of technical confidence, and ensures that privacy choice is available to everyone when browsing the web. In 2020, Avast added built-in VPNs to the premium version of its mobile browser for Android and iOS; now including them also in the premium version of Avast Secure Browser on PC signals the next step in Avast’s mission to deliver a safer, more private and faster browsing experience across devices and operating systems, and aligns with the broader company goal to enable personal control of privacy for all.

“The browser is the modern day operating system, and with browser-based web threats one of the most common avenues of attack, we have a responsibility to protect our customers online by keeping their internet connections secure and private,” said Fiona Cliffe, Director of Browser Product at Avast. “We’ve built our browser around a Security & Privacy Center to provide this in a way that is frictionless for the user and based on the belief that in order to preserve people’s digital freedom, security and privacy needs to be simplified and demystified.”

Avast has also added accompanying privacy and compatibility features in Avast Secure Browser PRO alongside its existing Anti-Phishing technology, Anti-Tracking, Bank Mode and Password Manager services. These include:

  • Advanced Adblock: set with ‘Strict Mode’ as the default option so that ads and trackers are blocked automatically. Other options include ‘Essential Mode’ and ‘Balanced Mode’ (recommended), which block all ads that violate the Acceptable Ads Standard, including pop-ups and auto-playing videos. Balanced Mode also blocks other non-intrusive ads to improve the speed and safety of browsing sessions.
  • Built-in VPN: no buffering, no throttling and no encrypted bandwidth limits for a smoother, faster, unrestricted online experience.
  • Connection for up to five devices: on both mobile and desktop.

Avast Secure Browser PRO is compatible with Windows 10, iOS and Android, with support for Mac coming soon. The subscription service has three tiers and includes a seven-day free trial. The monthly subscription is priced at $5.99 per month; the year-long subscription at $4.17 per month; and the two-year offering at $2.92 per month. Avast Secure Browser PRO is available to download at www.avast.com/secure-browser.

*In order to activate Avast Secure Browser PRO, users have to install the free version of the browser available at https://avast.com/secure-browser, and follow the upgrade steps. Users can choose between immediate upgrade to the PRO feature set (payment required) or take advantage of the seven-day trial (no payment details required).

veloce-racing-bow-out-of-island-x-prix-after-pacey-sardinia-outing

Veloce Racing bow out of Island X Prix after pacey Sardinia outing

October 26, 2021 Published by
Reading Time: 3 minutes

 

Extreme E team show strong speed in penultimate round of the season but ultimately fail to reach the final following spectacular crash for Sarrazin 

Veloce Racing’s hopes of a second Extreme E podium were extinguished at the Island X Prix in Sardinia following a dramatic barrel roll in the aptly named ‘Crazy Race’.

The London-based squad arrived in Italy with high hopes following the team’s efforts to the reach the final in Greenland, which ultimately fell short during Stéphane Sarrazin’s spirited excursion through the infamous ‘Rock Garden’.

Veloce got off to a strong start in Sardinia when Sarrazin and team-mate Emma Gilmour topped the timesheets in the initial practice runs and eventually finished third in the session.

Qualifying

Qualifying 1 in Sardinia was arguably the team’s most competitive outing of the inaugural Extreme E season. Calm and committed runs from both Gilmour and Sarrazin saw the duo finish an impressive third just 18 seconds adrift of pacesetters X44.

The team carried this momentum into the second qualifying session of the day and looked on course for another promising result as Sarrazin kept pace with X44 during the early stages of his run.

It was not to be, however, with the ODYSSEY 21’s front suspension failing during the course’s unforgiving second sector, forcing Sarrazin to grind to a halt and slip out of contention.

The disastrous Qualifying 2 run meant that Veloce Racing was eighth overall – just three points shy of second place, highlighting the volatility of the Island X Prix – and would take part in the Crazy Race on Sunday.

The Crazy Race

As the lights went out for the Crazy Race, Gilmour’s lightning-quick reactions weren’t enough to withstand the advances of Kevin Hansen in the JBXE car who capitalised taking the optimum route.

The New Zealander seized the initiative and switched lanes, trying an alternate line to gain the advantage into the first gate. Unfortunately, it didn’t pay off and the Veloce Racing car slipped into third position.

Gilmour handed the reigns over to Sarrazin hot on the heels of Christine GZ. The Frenchman immediately began applying the pressure to the Italian, and it paid off as the second-place car pulled over with mechanical gremlins releasing Sarrazin to hunt down JBXE.

The attack was short-lived, however, as Sarrazin hit a dip and fired the back of the car up into the air, pitching the ODYSSEY 21 into a spectacular barrel roll. Mercifully, Sarrazin emerged from the wreckage unscathed, but the team’s aims of a second Extreme E podium were over.

As a result of the crash, the Veloce Racing ODYSSEY 21’s chassis was compromised and subsequently, the team are unable to take part in next week’s Extreme E damper test and rookie test.

Stéphane Sarrazin, Extreme E Driver, Veloce Racing said: “It was a crazy race. I did my best to catch the JBXE car, the team were keeping me updated on the time difference and I was catching.

We knew we had to win to get to the final so we had to push. I attacked one of the compressions straight instead of side on and unfortunately the car rolled. I’m disappointed for the whole team as we really had the pace to be at the front this weekend.

Emma Gilmour, Extreme E Driver, Veloce Racing said: “Absolutely gutted. Stéphane and I had such good pace this weekend and to end up in the Crazy Race was really disappointing to start with.

“Personally, I’m disappointed I didn’t get a better start, from then on we were struggling with the dust and I handed over to Stéphane in P3. He did a great job to get past Christine GZ but got caught out in the rough stuff so glad he’s OK but just really sad for the team as we had good pace this weekend and it started so positively.”

Daniel Bailey, CEO, Veloce Racing added: “Despite the setbacks we faced at the Island X Prix, I think there are a lot of positives that Veloce Racing can take away from Sardinia. Pace-wise, this was our most competitive outing so far.

“We were fast in practice setting the pace early on and ending up P3 and we followed that up with another P3 in Qualifying 1. We got unlucky in Qualifying 2 and in the Crazy Race but this is motorsport and these things happen. I think we’ll come away from this weekend as a stronger team and we’ll aim to finish on a high note in Dorset in December.”

Jean-Eric Vergne, Co-Founder, Veloce Racing commented: “The most important thing was to see that Stéphane [Sarrazin] is out of the car and seems OK. It’s a shame because Emma [Gilmour] did a great job to hand the car over within the 25-second range that we wanted. Stéphane knew he had to push very hard to get it done at the end of the race so it’s unfortunate.”

Now, the St. Helena – Extreme E’s floating paddock – makes the trip to Dorset, England (18-19 December) where the inaugural Extreme E season will reach its dramatic conclusion.

elbit-systems-expands-reliance-on-sustainable-energy

Elbit Systems Expands Reliance on Sustainable Energy

October 26, 2021 Published by

 

Elbit Systems (“the Company”) announced today that it will commence a project to establish power generation and energy storage units at several of the Company’s facilities in Israel.

As part of this project, Elbit Systems will increase the volume of electricity generated from renewable energy and lower emission energy sources and will improve the energy consumption management throughout its facilities. The Company will install a range of electricity generation systems using photovoltaic technology, including solar panels on the rooftops of Elbit Systems’ facilities, offices and buildings – across an area totaling in tens of thousands of square meters. In addition, the Company will build a 3 megawatt energy generation plant powered by natural gas, an energy storage facility and a management system that will synchronize (on a daily basis) the production activity using the various technologies and energy consumption.

Elbit Systems selected S’energy Renewable Energy (“S’energy”), is an entrepreneurial company with a strong engineering, procurement and construction (EPC) department, to deliver the project. Both companies have agreed, in principal, to cross sell electricity from renewable energies, the first agreement of its kind in Israel. The companies agreed that Elbit Systems may purchase electricity generated at S’energy’s production sites throughout Israel. These sales of electricity are subject to the approval of relevant regulations in Israel.

Elbit Systems is also taking additional measures to expand its reliance on cleaner energy and reduce its carbon footprint. As part of these efforts, the Company’s extensive fleet of Company vehicles has significantly increased the number of hybrid vehicles and now offers Israeli employees the option to lease electric vehicles, providing dedicated charging stations at the Company’s facilities.

Moreover, Elbit Systems recently announced a partnership with Air France KLM Group to promote sustainability in aviation. As part of this collaboration, carbon dioxide emissions related to Elbit Systems employees air travel with the Air France KLM Group will be assessed, and Elbit Systems will be given the opportunity to contribute to the purchase of recycled aviation fuel (SAF – Sustainable aviation fuel) to offset the carbon emissions generated by such air travel.

Yuval Ramon, Elbit Systems Executive Vice President and Chief Operating Officer, said: “Elbit Systems is expanding its efforts to reduce the Company’s carbon footprint and expand its reliance on cleaner energy as part of the Company’s commitment to sustainability and protecting the environment.”

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