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Things are looking up for the U.S. economy: Morning Brief – Yahoo Canada Finance

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VSBLTY PARTNERS WITH 911INFORM TO IMPROVE EMERGENCY RESPONSE, SAFETY & SECURITY IN SCHOOLS, HOSPITALS & OFFICES

Philadelphia, PA, Feb. 04, 2021 (GLOBE NEWSWIRE) — VSBLTY Groupe Technologies Corp. (CSE: VSBY) (Frankfurt 5VS) (OTC: VSBGF) (“VSBLTY”), a leading provider of security and retail marketing technology, is partnering with 911inform to provide tighter safety and security measures for schools, universities and campus environments. 911inform is an emergency management solution that provides first responders and on-site personnel with real-time situational awareness and pinpoint location data during an emergency. 911inform provides detailed maps and visuals of the affected area and gives authorities bidirectional communication and control of doors, cameras, phones, HVAC, fire and alarm systems, intercom, strobes and other IOT premised-based technologies. What is unique about the 911inform-VSBLTY solution is that the combined technology provides important information that schools do not currently have and are needed on a daily basis, according to VSBLTY Co-founder & CEO Jay Hutton. “We are integrating our Vector™ software into the 911inform platform that will be highly useful to schools even in non-emergency situations by improving efficiencies daily,” Hutton added. Vector is proprietary, state-of-the-art software driven by artificial intelligence and machine learning, he explained. The unique capabilities of the combined technology enable the counting of people or zones on school property, tracks students during a reunification event, can take attendance automatically, and can even provide an alert when a suspended or expelled student is on the school property. The security aspect of the application identifies weapons, persons of interest and license plates that should not be at the facility and immediately alerts first responders and on-site personnel.” VSBLTY’s Executive Vice President, Chief Revenue Officer Fred Potok said that the firm’s Vector product is projected to be in 500 schools in New Jersey and other states this year, earning the company revenue estimated at $3.6 million. 911inform provides security solutions in the event of an emergency to schools, universities, medical facilities, office buildings, government facilities, sporting and entertainment venues and resorts. Since its launch in 2018, 911inform has handled the delivery of thousands of emergency notifications to police, public safety, first responders and on-site key personal and currently averages over three events per day nationally. Ivo Allen, Founder & CEO of 911inform, said any publicly accessible space with a high volume of traffic would benefit from the company’s combined emergency response technology. He added, “The target markets of any indoor or outdoor space where people congregate represent an approximate $4.7 billion in potential subscription revenue alone.” “The addition of VSBLTY’s proven security technology to the 911inform platform further enhances the single-pane-of-glass solution and true situational awareness we are providing to the PSAP (Public Safety Answering Points) and first responders. Through our partnership with RapidSOS, this technology is now available to 4900 PSAPs nationally. 911inform was built to reduce the response time to an emergency, automate the tasks needed to secure a facility and give police access to information and controls that they did not have before. With the addition of VSBLTY’s machine learning and artificial intelligence into the solution, the combined technologies will truly save lives and benefit organizations every single day, not just during worst-case scenarios such as an active shooter,” Allen concluded. Investor Relations CHF Capital Markets Cathy Hume, CEO, +1-416-868-1079, x251 cathy@chfir.com CONTACT: Linda Rosanio, 609-472-0877 lrosanio@vsblty.net About VSBLTY (vsblty.net) Headquartered in Philadelphia, VSBLTY (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) (“VSBLTY”) is the world leader in Proactive Digital Display™, which transforms retail and public spaces as well as place-based media networks with SaaS-based audience measurement and security software that uses artificial intelligence and machine learning. About 911inform (911inform.com) 911inform was the winner of the 2020 Frost & Sullivan New Product Innovation Award in Enterprise Safety Solutions. Established in 2018 in Wall Township, NJ, 911inform is the only notification and security management platform that bridges the gap from organizations to first responders. In addition to providing never before available information to educators such as student count and parking area controls, it is an all-encompassing emergency management solution that empowers first responders to pinpoint the exact location of an emergency call’s origin while simultaneously notifying local authorities and key on-site personnel. Detailed access maps and visuals of the protected premises are provided to authorities while instantly controlling the building’s security systems including strobes, door access, security cameras and intercom systems. The platform provides full situational awareness for every emergency event within a geofenced building location ensuring that all response teams have the right tools at their disposal to effectively mitigate the situation. The company serves such diverse organizations as governments, educational institutions, medical facilities, public venues, sporting events and offices. CONTACT: Samantha Weyant, Director of Marketing sweyant@911inform.com FORWARD-LOOKING STATEMENT Certain statements in this news release constitute forward-looking information within the meaning of applicable securities laws. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “expects,” “believes,” “anticipates,” “budget,“ scheduled,” “estimates,” “forecasts,” “intends,” “plans,” and variations of such words and phrases, or by statements that certain actions, events or results “may,” “will,” “could,” “would,” or “might,” “be taken,” “occur,” or “be achieved.” Those forward- looking statements include a number of statements related to the outlook for future operations, including statements about VSBLTY’s business plans, booking new projects, revenue growth, and new opportunities presented by VSBLTY. Forward-looking statements are neither historical facts nor assurances of future performance. Forward-looking information contained in this news release is based on certain assumptions regarding, among other things, expected growth, results of operations, performance, industry trends and growth opportunities. While management considers these assumptions to be reasonable, based on information available, they may prove to be incorrect. By their nature, forward-looking statements involve a number of risks, uncertainties and assumptions that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties and other factors include, but are not limited to: pricing for the Company’s products and services; the ability to enter into contracts and ability of third parties to honor their contractual obligations; the decisions of third parties over which the Company has no control; changes to government regulations; force majeure events; limits on the ability of the Company to implement and fulfill its business strategies; general economic conditions; adverse industry events; operating costs exceeding the Company’s expectations; loss of markets or failure to enter new markets; future legislative and regulatory developments; inability to access sufficient capital from internal and external sources, and/or inability to access sufficient capital on favorable terms; the ability of the Company to implement its business strategies including expansion plans; and competition. The foregoing factors are not intended to be exhaustive, and readers should refer to the detailed risk factors described in VSBLTY’s Annual Information Form which is available under the Company’s profile at www.sedar.com. These risks, uncertainties and assumptions could adversely affect the outcome and financial effects of the plans and events described herein. Forward-looking statements contained in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue in the future. The Company does not undertake any obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law. This news release includes financial outlook related to future revenue and financial performance, which is subject to the same assumptions, risk factors, limitations, and qualifications as set forth in the above paragraphs. Such financial projections contained in this news release were made by management as of the date of this news release and are provided for the purpose of providing readers with an understanding of the Company’s business plan. Readers are cautioned that the financial outlook contained in this document should not be used for purposes other than for which it is disclosed herein. CONTACT: LINDA ROSANIO VSBLTY, INC 609-472-0877 LROSANIO@VSBLTY.NET

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Sask. could win in the zero-carbon economy but isn't seizing opportunities: report – CTV News Saskatoon

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Saskatchewan lags behind other provinces in capturing opportunities in the global transition to a net-zero carbon economy, according to a new report.

“I think this needs to be the priority of governments across Canada,” said Jonathan Arnold, senior research associate at the Canadian Climate Institute, a national nonpartisan independent think tank that provides policy advice to governments on long-term issues related to climate change.

“The global low carbon transition is accelerating rapidly. We’re really talking here about the future livelihoods, jobs and incomes of workers, families and of entire communities. And there is a risk that if we do not prepare ourselves for this transition, then parts of Canada and some provinces are at risk of being left behind. These markets are already becoming increasingly competitive. So it really is incumbent on governments to take this seriously and make sure that the economy and the workforce are geared up for this.”

Saskatchewan doesn’t have as many companies active in the clean hydrogen and low carbon electricity, transportation and mining technology markets, Arnold said.

The province’s oil, gas and coal sectors also lag in decarbonizing their activities to make themselves globally competitive, he said.

“When you consider the transformative investments being made in some provinces, like Ontario in their automotive manufacturing sector to really transform into making EVs or look at some of the activities that are happening even in Alberta to decarbonize some of their heavy industry, we’re not quite seeing that same level of activity in Saskatchewan.”

However, Saskatchewan has a lot of opportunities for the zero-carbon transition, as it has some of the biggest potential for wind, solar and geothermal energy, he said.

In addition, 43 per cent of the 23 transition sector companies the group identified are involved in agricultural technology and alternative proteins, he said.

“There’s lots of room to grow there, we know that demand for agriculture and alternative proteins is going to increase significantly. And then also things that may not be intuitive, necessarily, to some folks, like helium, and this is an area that I know the province has prioritized and is exploring. Helium will play a certain role in the transition as it’s an input to lots of different technologies. So that’s also another opportunity.”

The stakes for a successful transition are high, as six per cent of Saskatchewan’s workforce is in transition-vulnerable sectors, the third-highest mark in Canada. Four communities of at least 10,000 people have high workforce concentrations in oil and gas and mining: Lloydminster (14 per cent), Estevan (13 per cent, Weyburn (11 per cent) and Swift Current (three per cent.)

“The transition is incredibly important. We want to make sure that that is as smooth as possible for workers. You know, some sectors have pathways to transition that are clearer than others. The automotive sector, for example, it’s pretty clear that the future is in zero-emission vehicles and that transition is already happening.

“For a province like Saskatchewan, oil and gas is a harder nut to crack. I think there are still lots of opportunities there for companies in the sector to, first of all, reduce their emissions to become more globally competitive, as there’s a higher premium on carbon emissions, but also to transform into other business lines.

“Instead of remaining as oil and gas companies, they start transforming into energy companies more broadly. That might just mean getting into renewables, it might mean getting into low carbon hydrogen, which is already happening in Alberta. It means really leveraging carbon capture utilization and storage technologies.

“It really is about transforming into other activities where demand is expected to grow. And we’re already starting to see that in other provinces. I think Saskatchewan could do a lot more to capture some of those opportunities.”

He said one of the most important steps is having policy certainty for businesses and investors, including a price on carbon that increases over time and environmental and climate regulations that encourage things like low carbon vehicle adoption and low carbon fuel adoption.

“I think there’s tons of room there for the government to, in some cases, just rebalance how public funds are used to achieve economic benefit in the community and really go after the areas where demand is expected to grow.”

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Boris Johnson Says the UK Economy Can Dodge a Recession – BNN

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(Bloomberg) —

Prime Minister Boris Johnson said the UK can a dodge a recession in the months ahead even as the cost of living crisis sets the stage for a “difficult” period.

Economic pressures are emerging as the gravest political threat to Johnson and his party, beyond the various scandals that have dogged his government such as the row over illegal parties in Downing Street during the pandemic. 

Inflation is at a four-decade high of 9%, and predicted to go even higher, while the Bank of England is expecting a sharp contraction in growth later this year, and a prolonged stagnation afterwards.

But Johnson is more bullish on the outlook. Asked on Bloomberg TV whether the UK was headed for a recession, Johnson said “not necessarily at all.”

“There are ways forward for the UK that are incredibly exciting,” he continued. “If we make sure that we have a proactive approach to talent from abroad — we want to control immigration but allow the talent that we need to come in — we fix our energy supply issues, we fix the issues in the UK labor market.”

“One of the incredible things about the economy right now is that unemployment is at its lowest level since I was two years old.”

The comments come a day after Johnson’s government bowed to intense pressure to do more to tackle the UK’s cost-of-living crisis, unveiling billions of pounds of supports for households. While the move was welcomed as short-term fix, families are still facing soaring energy bills and prices in shops. Some lobby groups have called for a longer-term solution.

“We’re going to have a difficult period, and we’ve got to be absolutely clear with people it’s going to be difficult, and the government cannot solve every problem,” Johnson said. “We can’t cover everybody’s extra cost. But what we can do is make sure that we deal with the underlying causes of inflation, but also keep our economy strong and open to investment.”

With inflation soaring, the government is also grappling with demands for higher pay from public sector workers. Johnson’s senior ministers this week discussed the risk of public pay increases fueling inflation, a further hint that the government is preparing a major showdown with UK trade unions.

Johnson returned to that theme on Friday, saying “what we want is a high-wage, high-skill economy. The increases in wages have got to be driven by productivity gains, and not simply by inflation.”

“What we don’t want to see is a return to the wage-price spiral that we saw in the 1970s,” he said.

©2022 Bloomberg L.P.

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Concordia invests $2M in the Circular Economy Fund – Concordia University News

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The Concordia University Foundation and the Greater Montreal Climate Fund (GMCF) are investing $2 million and $500,000, respectively, in the Circular Economy Fund (CE Fund).

The commitments total more than $18M, bringing the EC Fund closer to its objective of $25M, to which Fondaction is also adding $5M in co-investment.

Unique in Canada, the EC Fund was launched in March 2021 by Fondaction, in partnership with the City of Montreal and RECYC-QUÉBEC. The fund aims to accelerate ecological transition through the circular economy, notably by reducing the production of residual materials and supporting their recovery, in addition to reducing greenhouse gas emissions.

It encourages innovation and the exchange of solutions between startups and the largest Quebec companies.

Partnerships anchored in the mission of the Circular Economy Fund

Marc Gauthier, treasurer and chief investment officer of Concordia, says this investment with the GMCF and Fondaction in the Circular Economy Fund represents a second important co-investment for the sustainable innovation sector.

“Earlier this year, we joined Fondaction in the Urapi Sustainable Soil Management Fund. It is with great pleasure that the Concordia University Foundation is now co-investing in the Circular Economy Fund,” he says.

“Like Urapi, this Fund is perfectly aligned with our goals for sustainable investments and investments with social and environmental impact.”

Marie-Claude Bourgie, executive director of the GMCF, says investing in the Circular Economy Fund allows the Greater Montreal Climate Fund to carry out a mission that is close to its heart: to accelerate the implementation of climate solutions in the metropolitan region.

“It is by supporting entrepreneurs dedicated to meeting the challenge of putting raw materials back into circulation that we can rethink the production chain and thus reduce our greenhouse gas emissions.”

With this second closing, Fondaction will be able to help more companies that want to optimize the use and recovery of resources as well as the reduction of residual materials and greenhouse gas emissions, explains Marc-André Binette, assistant chief investment officer at the investment fund.

“We are pleased to have wise financial partners who have made the circular economy a major pillar in the fight against climate change,” he adds.

Getting involved in the city’s ecological transition

Since the EC Fund was deployed, four companies (Still Good, Groupe Onym, Ferme Tournevent and CarbiCrete) have received an investment from the Fund to increase their production, open a new plant, increase research and development and test an innovative product.

These companies operate in different sectors, such as agri-food, recycling, resource recovery and eco-construction, but their missions are all part of the circular economy concept.

According to the Pôle québécois de concertation sur l’économie circulaire, this economy is closely linked to practices that optimize the use of natural resources in order to reduce the environmental footprint and contribute to the well-being of the population.

By creating the EC Fund, Fondaction and its partners are investing for the future and these two new investors open up new investment opportunities for the EC Fund and fuel the development of responsible and sustainable innovations.


Find out more about the
Circular Economy Fund (CE Fund).

 

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