Pacific Green enters Polish energy storage market with double acquisition

DOVER, DE, June 25, 2024 (GLOBE NEWSWIRE) — – Pacific Green Technologies, Inc. (“Pacific Green”, OTCQB: PGTK) plans to acquire a majority stake in two Polish battery energy storage projects from an international developer present in the Polish Market. The balance of shares in each 50MW project will be acquired upon the realisation of project milestones.

The deal marks Pacific Green’s entry into the Polish market, with the two projects offering 400MWh of storage capacity, and setting the business on a path towards its target of 1GWh in the Polish market. Earlier this year, Pacific Green set out its plans to deliver more than 12GWh of battery energy storage across four global markets, including Poland.

Grid applications for the projects – one located in the Warsaw region, the other in the South-West – have been lodged, ahead of anticipated participation in the Polish Capacity Market Auction in Q4 this year. Based on this, both projects are expected to reach ready to build status in late 2024.

Dane Wilkins, Pacific Green’s Managing Director, said: “Poland’s traditional reliance on thermal baseload power is transitioning rapidly to non-dispatchable renewable assets, to meet obligations under the EU’s Fit for 55 and Net-Zero commitments. This will necessitate grid-scale storage adoption across the country.

“The Polish energy storage market is expanding rapidly, the Polish government is setting in place a strong regulatory framework with widening revenue opportunities, and I’m delighted we are planning our first projects there and partnering with world class developers.

“The Pacific Green team will work closely with its partner on the ground, applying the development and construction expertise we’ve already built up in other geographies, as well as our global supply chain connections.”

Scott Poulter, Pacific Green’s Chief Executive, said: “Developing next-generation battery energy parks at scale and speed is our priority focus and entry into Poland represents another important milestone for the business.”

About Pacific Green Technologies, Inc.:
Pacific Green is a global energy storage and environmental technology company, on a mission to advance the transition to sustainable energy solutions.

The business is focused on rapidly building a global portfolio of utility-scale battery energy storage systems (BESS), with a current pipeline of 12GWh of energy storage capacity in development, construction or operation.

Pacific Green’s team brings together extensive technology, project development and project finance expertise – having commercialised numerous pioneering technologies and steered major international energy and infrastructure projects successfully through financing and development.

This in-house expertise is complemented by strategic relationships cultivated with trusted partners at all levels of the global environmental supply chain – providing access to the very best technology and manufacturing capabilities on offer, alongside internationally respected financial institutions and project partners.

For more information, visit: www.pacificgreen.com

Notice Regarding Forward-Looking Statements:

This news release contains “forward-looking statements,” as that term is defined in Section 27A of the United States Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Statements in this news release which are not purely historical are forward-looking statements and include any statements regarding beliefs, plans, expectations or intentions regarding the future. Such forward-looking statements include, among other things, the continued development of the Project, any potential business developments and future interest in Pacific Green’s battery, solar and environmental technologies.

Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the continuation of the development of the Project, general economic and political conditions. These forward-looking statements are made as of the date of this news release, and Pacific Green assumes no obligation to update the forward-looking statements, or to update the reasons why actual results could differ from those projected in the forward-looking statements. Although Pacific Green believes that the beliefs, plans, expectations and intentions contained in this news release are reasonable, there can be no assurance that such beliefs, plans, expectations or intentions will prove to be accurate. Investors should consult all the information set forth herein and should also refer to the risk factors disclosure outlined in Pacific Green’s annual report on Form 10-K for the most recent fiscal year, Pacific Green’s quarterly reports on Form 10-Q and other periodic reports filed from time-to-time with the Securities and Exchange Commission.

For media enquiries, please contact: [email protected]
Scott Poulter, Chairman & CEO
Pacific Green Technologies, Inc.
T: +1 (302) 601-4659

GlobeNewswire Distribution ID 9168886

FreedomPay and Toast Survey Reveals Top Priorities for Enterprise Hospitality Leaders: Data Security, Integration, and Growth Enablement

Integration and Customer Support Emerge as Crucial Factors in Merchant Preferences for Payment Solutions

Philadelphia, Pennsylvania, June 25, 2024 (GLOBE NEWSWIRE) — A recent survey conducted by FreedomPay, a global leader in Next Level Commerce™ solutions, in collaboration with Toast, a leading cloud-based restaurant management software company, has unveiled crucial insights into the top priorities for enterprise hospitality leaders. The findings emphasize the importance of data security, system integration, and growth enablement in shaping merchant preferences and trust in payment solutions and point-of-sale (POS) providers.

Key Insights from the Survey:

  • 53% of merchants face challenges in deciding where to allocate their technology budgets, highlighting the demand for integrated solutions that offer comprehensive value and support informed decision-making.
  • The biggest factors that contribute to trust in a payment solution/point of sale (POS) provider are the quality of customer support (49%), user-friendliness (46%), reliability (44%), and integration capabilities (44%).
  • Almost all merchants believe data security (100%) and data privacy (98%) are highly important when selecting a payment solution, while most believe growth enablement (82%) and speed (81%) are highly important.
  • Organizations are already implementing a high level of integration between their payment/POS systems and other software systems. Most merchants say they have either fully integrated (15%) or have a very high level (70%) of integration between these systems. Almost all merchants (98%) place strong value on an integrated payment solution

“The survey with Toast highlights that integration, understanding customer behavior, and ensuring security are paramount for merchants,” said Nate Ware, SVP Sales & Digital Development at FreedomPay. “This also shows that most merchants are striving for a fully integrated ecosystem to drive growth and enhance operational efficiency. At FreedomPay, we are committed to providing the integration and security that merchants need to thrive and succeed.”

Understanding customer behavior, including shopping and purchasing patterns, is key to enhancing the customer experience and driving sales. Additionally, merchants are prioritizing security and minimal system downtime to safeguard operations and ensure business continuity. The availability of responsive and reliable customer support significantly contributes to fostering a sense of security and trust among merchants.

“The survey really underscores merchants’ need for seamless integration and a thorough understanding of customer behavior to fully enhance operational efficiency,” remarked Kelly Esten, GM of Enterprise at Toast. “For merchants, prioritizing robust data security and reliable customer support is crucial for fostering trust with customers.”

These insights highlight that seamless integration, robust data security, and reliable customer support are essential for merchants aiming to enhance operational efficiency, foster trust with customers, and drive sustained business growth in today’s competitive landscape. These factors form the cornerstone of strategic decision-making for enterprise hospitality leaders as they align their technology investments with long-term success and customer satisfaction.

To learn more, download the full report: The Security Tightrope: Balancing Innovation and Risk Management for Enterprise Brands

About FreedomPay:

FreedomPay’s Next Level Commerce™ platform transforms existing payment systems and processes from legacy to leading edge and enables merchants to unleash the power of pay. As the premier choice for many of the largest companies across the globe in retail, hospitality, lodging, gaming, sports and entertainment, foodservice, education, healthcare and financial services, FreedomPay’s technology has been purposely built to deliver rock solid performance in the highly complex environment of global commerce.

The company maintains a world-class security environment and was one of the first payment solution providers in North America to be validated by the PCI Security Standards Council. FreedomPay’s robust solutions across payments, security, identity, and data analytics are available in-store, online and on-mobile and are supported by rapid API adoption. The award winning FreedomPay Commerce Platform operates on a single, unified technology stack across multiple continents allowing enterprises to deliver an innovative Next Level experience on a global scale. www.freedompay.com 

About Toast:

Toast [NYSE: TOST] is a cloud-based, all-in-one digital technology platform purpose-built for the entire restaurant community. Toast provides a comprehensive platform of software as a service (SaaS) products and financial technology solutions that give restaurants everything they need to run their business across point of sale, payments, operations, digital ordering and delivery, marketing and loyalty, and team management. We serve as the restaurant operating system, connecting front of house and back of house operations across service models including dine-in, takeout, delivery, catering, and retail. Toast helps restaurants streamline operations, increase revenue, and deliver amazing guest experiences. For more information, visit www.toasttab.com.

Jennifer Tayebi
Hill & Knowlton for FreedomPay
+1 734 395 0780
[email protected]

GlobeNewswire Distribution ID 9168606

FII PRIORITY Rio de Janeiro Summit Concludes with Key Discussions on Global Economic Growth and Sustainability

FII PRIORITY Rio de Janeiro

FII PRIORITY Rio de Janeiro

RIO DE JANEIRO, June 25, 2024 (GLOBE NEWSWIRE) — The third and final day of the FII PRIORITY Rio de Janeiro Summit concluded with pivotal discussions on global economic growth and sustainability. Organised by the FII Institute, the summit attracted nearly 1,500 global leaders, innovators, and entrepreneurs who participated in over 65 sessions. Delegates attended solution-focused conclaves, and observed FII Institute’s first Innovators Pitch, setting the stage for the final series at FII Institute’s 8th flagship Future Investment Initiative (FII) in October.

The day began with a fireside chat with His Excellency Geraldo Alckmin, Vice President of Brazil, who addressed foreign direct investment and the global energy transition. He remarked, “Brazil received the second-highest foreign investment in the world during 2023, trailing only the United States. Our recent tax reforms are expected to enhance this further,” he told the audience, setting a collaborative and forward-looking tone for the day.

Another highlight was the session titled ‘Message to the G20’, featuring a thought-provoking discussion with five former Latin American leaders, moderated by FII Institute CEO Richard Attias. H.E. Felipe Calderon, Former President of Mexico; H.E. Laura Chinchilla, Former President of Costa Rica; H.E. Alberto Fernández, Former President of Argentina; H.E. Jorge Quiroga, Former President of Bolivia; and H.E. Juan Manuel Santos, Former President of Colombia and Nobel Peace Prize Recipient, encouraged attendees to be the change they want to see in the world, emphasising the importance of collective effort in combating climate change and upholding the rule of law for a prosperous future for all.

Marcelo Claure of Claure Group and SHEIN emphasised the importance of equitable access to AI, noting, “AI is the great equaliser. We can bridge the divide between emerging and developed markets in education and healthcare.” Commenting on the future of AI and its integration within various industries, Claure added “with the internet, the cost of information went down to zero and disrupted the advertising business. Then, ecommerce disrupted the retail space. My vision of AI is that it will disrupt all, other untouched industries.”

In a session titled ‘Rulebreakers: What Global Megatrends Are Influencing the World’s Top Investors?’, Claure was joined by Sir Martin Sorrell of S4 Capital, who discussed the need for adaptation to technological advances, stating, “Henry Ford created the five-day working week. COVID-19 accelerated the shift to remote working. Now, technologies like AI and the Metaverse will push this evolution further.”

In keeping with Rio de Janeiro’s entrepreneurial spirit, the summit saw FII Institute’s first-ever Innovators Pitch Competition. Nine startups presented solutions to pressing global issues in AI & Robotics, Education, Healthcare, and Sustainability. Hera Health Solution emerged as the main winner, a startup focusing on an AI-enabled drug delivery platform, with Aravita securing the People’s Choice award. The startup offers an optimised fresh food ordering service with AI, reducing waste and stockouts to boost grocer profits.

Throughout the summit, FII Institute convened industry experts to address critical global issues in its conclave series, covering topics such as AI, ocean regeneration, energy transition, and ESG. Industry leaders advocated for a collaborative approach to sustainability, the deployment of AI in emerging markets, and ESG’s focus on climate resilience. Emphasis was placed on inclusive policies, targeted investment, and mentorship to empower entrepreneurs in developing regions.

With the closing of FII PRIORITY Rio de Janeiro Summit, FII Institute will now shift its focus to the forthcoming 8th FII in October, where the momentum generated in Rio will continue to drive impactful discussions and initiatives. The conference is slated for 29 to 31 October 2024, under the theme ‘Infinite Horizons’.

E-mail: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aa4962dc-9bf3-47d8-987d-0ab8074d1f1b

GlobeNewswire Distribution ID 1000968187

President Lula Opens Inaugural FII PRIORITY Summit in Rio de Janeiro, Summit to Explore Building New Global Order Prioritising Dignity for All

President Luiz Inácio Lula da Silva, 39th President of the Federative Republic of Brazil

President Luiz Inácio Lula da Silva in FII PRIORITY Rio de Janeiro

RIO DE JANEIRO, June 25, 2024 (GLOBE NEWSWIRE) — The inaugural three-day Latin America FII PRIORITY Summit, powered by FII Institute, commenced on Tuesday at the Copacabana Palace Hotel in Rio de Janeiro. Convening global officials, along with business leaders from various sectors, the event will tackle pressing issues under the theme “Invest in Dignity.” The Summit welcomed over 1,500 delegates, who attended 66 sessions featuring more than 190 speakers.

The opening ceremony included remarks by the CEO of FII Institute, Richard Attias; His Excellency Yasir Al-Rumayyan, Governor of the Public Investment Fund, Chairman of Saudi ARAMCO, and Chairman of the Board of FII Institute; and the President of the Republic of Brazil, His Excellency Luiz Inácio Lula da Silva.

In his opening remarks, Attias said, “Today, we gather with a shared mission: to invest in dignity. Dignity is not just a concept; it is a fundamental human right that should be accessible to every individual, regardless of their background, economic status, or social standing.” He added, “In this room, we have the collective power to drive meaningful change. Our collaboration, innovation, and determination can transform lives and communities.”

A fireside chat with Al-Rumayyan highlighted the rising role of Brazil in global investment and economic growth. “There are 12,000 new start-ups, and 12 or 16 unicorns were created here. The potential in Brazil is really big,” he said. When asked about why FII Institute brought the summit to Rio, His Excellency said, “Why did we host the FII in Rio? The question is: Why not? This is one of the greatest cities not only in Brazil, but the world. At the same time, we will have the G20 and COP30.”

For his part, President Lula said, “We all want to make the world capable of welcoming all its inhabitants with dignity—and not just a privileged minority.” The President also highlighted Brazil’s evolving economic and investment landscapes, saying, “The choice to host FII in Rio shows that this is a sign of trust in our country from over 1,000 participants. I’m here to show that Brazil is worthy of this trust.”

The Summit’s flagship Board of Changemakers session featured several notable speakers, including H.R.H. Ambassador Reema Bandar Al-Saud, the Saudi Ambassador to the United States; Magda Chambriard of Petrobras; Marcelo Claure of Claure Group and SHEIN; Bernard Mensah of Bank of America and MLI; Secretary Mike Pompeo, 70th Secretary of State of the United States and Executive Chairman of Impact Investments; and Sir Martin Sorrell of S4 Capital Group.

During the session, Princess Reema stressed the importance of dignity as a collective responsibility, further underscoring the theme of the summit. She said, “We all have a responsibility for the way we speak, think, and engage with people. Dignity is an individual concept, but it is a collective responsibility.” For her part, Ms. Chambriard noted Brazil’s role in the broader global context in maintaining citizen dignity, saying, “The idea is to exercise the power of using all the Brazilian resources and investing based on the respect of the Brazilian society.”

Visionary Brazilian entrepreneur and media personality Luciano Huck and Cecilia Attias, who is Senior VP of Public Affairs and Board Member, RA&A, and Founder and President of the Cecilia Attias Foundation for Women, covered the intersection of media, politics, and responsibility towards both. During the Titan of Industry session, Huck stressed that “The privilege of speaking to 35 million people on global TV is the freedom of speech. I do not treat it as power, but a tremendous responsibility.”

Executives from Goldman Sachs, Franklin Templeton, Morgan Stanley, and Patria Investments set the tone for the rest of the day in a session tackling global market volatility and disruptions and the impact on investors. Exploring a range of approaches, from backing national champions to diversifying across asset classes, the discussion centred on ways to build resilient portfolios, with key insights shared by prominent industry leaders.

Among the notable announcements of the first day of FII PRIORITY Rio de Janeiro, Richard Attias, CEO of FII Institute, announced the Institute’s latest flagship initiative, FII Institute TV. Set to launch fully in the coming months, FII Institute TV is a 24/7 platform offering enhanced content curation, in-depth interviews with global leaders, and expert analysis.

Furthermore, FII Institute’s strategic partner, THIQAH, made a significant announcement for BRICS+ countries, launching their “Certificate of Origin” platform in Brazil in collaboration with CICIBAS. The platform enables exporters and manufacturers to issue and track the status of certificates of origin for manufactured products through a single electronic platform, contributing to a transformation in the commercial and industrial sectors.

E-mail: [email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/13c76081-cfa1-42b5-af6f-3edc96d21d1b

GlobeNewswire Distribution ID 1000968141

DIGIASIA Corp Advances into AI Solutions for Financial Services, Telecom, and Government Sectors with NVIDIA GPU Allocation

~ Initial Access to 5,120 of NVIDIA’s Latest and Most Powerful GPUs ~

~ Develop and Deploy Advanced AI Enterprise Solutions for Fintech, Telecom, and Governments, Leveraging DIGIASIA’s Existing Infrastructure and NVIDIA’s Superior Hardware ~

~ Significant Expansion of DIGIASIA’s Comprehensive “Fintech as a Service” Ecosystem, Tapping into an Estimated USD 200-300 Billion Annual Global Opportunity for AI Across Financial Services1 ~

~ Catalyst to Achieve Significant Growth of Top and Bottom Line Beginning in the Fourth Quarter of 2024 ~

NEW YORK, June 24, 2024 (GLOBE NEWSWIRE) — Digi Tech Limited, the UAE based subsidiary of DIGIASIA Corp. (NASDAQ: FAAS) (“DIGIASIA” or the “Company”), a leading Fintech as a Service (“FaaS”) ecosystem provider, has secured allocation of an initial tranche of 5,120 NVIDIA H200 GPUs (NASDAQ: NVDA). The access to NVIDIA’s GPUs will propel DIGIASIA’s development of cutting-edge AI solutions for enterprise customers in fintech, telecom, and government sectors. The first iteration of these NVIDIA-powered solutions is expected to be deployed by the fourth quarter of 2024. DIGIASIA will base operations for its AI initiatives out of the Dubai International Financial Center (“DIFC”) in the UAE leveraging on the UAE and the DIFC’s global leadership in the advancement of advanced AI solutions.

Structure of Transaction and AI Fintech Platform

DIGIASIA has been allocated an initial tranche of 5,120 NVIDIA H200 GPUs with the option for an additional 10,240 GPUs. The total market value of the initial tranche exceeds $400 million and exceeds $1.2 billion with the additional option. Initially, DIGIASIA will deploy these advanced GPUs in Southeast Asia, India, and the Middle East, with plans for global expansion.

The integration of NVIDIA’s GPUs will significantly enhance DIGIASIA’s fintech infrastructure, boosting productivity and efficiency. This will enable DIGIASIA enterprise clients to implement advanced solutions such as AML, fraud detection, KYC, smart dealer lending, branchless banking, automated customer journeys, and deep encryption of financial data.

Market Opportunity

DIGIASIA’s access to NVIDIA GPUs opens up a substantial market opportunity, potentially tapping into a USD 200-300 billion annual global market in financial services. By leveraging NVIDIA’s cutting-edge GPUs and AI models, DIGIASIA aims to deliver advanced AI fintech solutions across Southeast Asia, India and the Middle East. DIGIASIA plans to utilize its existing enterprise partners and identify incremental strategic partners for AI datacenter hosting to support these innovative solutions.

Executive Insights

Prashant Gokarn, CEO of DIGIASIA, stated, “NVIDIA GPUs are at the core of any AI-based solution. We are thrilled with this allocation, which allows us to develop the next generation of DIGIASIA’s embedded finance platform with generative AI, enhancing precision and productivity for enterprises. This will allow us to continue to support our existing and new enterprise customers in the AI revolution.”

Subir Lohani, CFO and Chief Strategy Officer of DIGIASIA, commented, “Since going public in April, we have consistently executed our strategy to provide innovative solutions to our enterprise clients and expand our geographic reach. We plan to roll out the initial NVIDIA-powered solutions by the fourth quarter of 2024, driving significant growth and attractive returns. We are excited to grow this initiative from the DIFC Innovation Hub / AI Campus in the UAE which has become a global hub for the advancement of AI solutions.”

Forward-Looking Statements:

This press release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words “believe”, “expect”, “anticipate”, “project”, “targets”, “optimistic”, “confident that”, “continue to”, “predict”, “intend”, “aim”, “will” or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning DIGIASIA and the Company’s operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. DIGIASIA cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world including those discussed in DIGIASIA’s Form 20-F under the headings “Risk Factors”, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Business Overview” and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made and DIGIASIA specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.

Investor Contact:

MZ North America

Email: [email protected]

Company Contact:

Subir Lohani

Chief Strategy Officer and CFO

Email: [email protected]

GlobeNewswire Distribution ID 9168558