Day: May 10, 2022

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Eurora Solutions is participating in the World Mail & Express EMEA conference

Eurora management team: (from left) Marko Lastik (founder), Anneli Aljas (CFO), Egon Veermäe (COO).

Eurora Solutions raises $40M in Series A to tackle e-commerce shipping delays caused by EU regulation changes.

TALLINN, Estonia, May 10, 2022 (GLOBE NEWSWIRE) — Eurora Solutions, an Artificial Intelligence/Machine Learning-backed (AI/ML) cross-border e-commerce compliance platform, is pleased to announce that its management team will take part in the World Mail & Express EMEA conference between 10-12 May in Dubai, United Arab Emirates.

The Company’s attendance follows Eurora’s oversubscribed $40m Series A round, announced last month. Eurora plans to use the funds for global expansion, including in the Middle East, where rapid and high growth in the sector is expected – between 2016 and 2020 alone, the size of the e-commerce industry quadrupled in the region.

On Wednesday 11th of May, Eurora’s COO, Egon Veermäe, will present the company introduction titled “Reshaping Cross-Border Trade with AI-Based Solutions,” which will give an overview of Eurora’s AI/ML-based e-commerce compliance platform that automates tax, compliance and customs services and can be used by online sellers, marketplaces, logistics and postal companies, and tax and customs authorities.

Eurora’s COO, Egon Veermäe, said: “I look forward to introducing Eurora at this leading e-commerce conference. Our platform is already used by hundreds of clients worldwide helping with tax and customs procedures. We view the Middle East as a priority market, and I’m confident that we’ll be able to find new potential partners that could benefit from Eurora’s platform and add value to our existing customers.”

Eurora’s platform automatically processes 5,000 requests per second with up to 96% accuracy, the highest level of accuracy, speed, and automation available on the market. It operates at a fraction of the time and price of hybrid or manual code allocation solutions commonly used today. It assigns e-commerce products an appropriate HS code, calculates the applicable VAT and duty amounts, and automatically creates electronic declarations for duties and taxes via simple API integration.

Interested parties can learn more about Eurora’s proprietary e-commerce compliance platform at Eurora’s conference booth no 15 located at the InterContinental Dubai Festival City.

The following representatives of Eurora will be present at the WMX EMEA and available for meetings:

For more information:   

Name Position
Anneli Aljas CFO pr@eurora.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/155b829d-c159-43eb-823a-8bb9d8e080e9

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US freeze assets of suspected Islamic State finance network

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Al-Araby

The United States on Monday imposed sanctions on what it said was a network of five Islamic State financial facilitators working across Indonesia, Syria and Turkey in support of members of the extremist jihadist group in Syria. The US Treasury Department in a statement accused those designated of playing a key role in facilitating the travel of extremists to Syria and other areas where Islamic State operates, and of conducting financial transfers to support the group’s efforts in Syria-based displaced persons camps. The Treasury said the network collects funds in Indonesia and Turkey, “some of… Continue reading “US freeze assets of suspected Islamic State finance network”

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Huawei OceanStor Distributed Storage Is Named as a 2022 Gartner Peer Insights Customers’ Choice for Distributed File Systems and Object Storage

SHENZHEN, China, May 10, 2022 /PRNewswire/ — Gartner Peer Insights recognized Huawei OceanStor distributed storage as a Customers’ Choice in the 2022 Gartner Peer Insights ‘Voice of the Customer’: Distributed File Systems and Object Storage report. Scoring 4.9 out of 5 points on the annual Gartner Peer Insights platform, Huawei OceanStor distributed storage ranked first among all global vendors.

Gartner Peer Insights is an online ratings and reviews platform for IT software and services. The reviews are written and read by IT professionals and technology decision-makers worldwide. It includes more than 380,000 verified reviews from end-users who have experience purchasing, implementing, or using products or services in over 360 markets. Each year, vendors with high customer ratings are named a Gartner Peer Insights Customers’ Choice, helping IT leaders make more informed purchasing decisions.

As of January 31, 2022, Huawei OceanStor distributed storage products and solutions had received many positive reviews from customers around the world and in various industries, such as finance, carrier, manufacturing, energy, media, healthcare, and education. These reviews cover everything from system architecture, product functionality, and deployment to O&M, service, and support. All of these highlight how global customers think of Huawei OceanStor distributed storage in terms of industry position, deployment scale, and commercial use maturity.

“We are very grateful for our customers sharing their opinions on Gartner Peer Insights. Our only goal is to provide solutions and products that make our customers happy,” Mr. Wang Yidong, President of Huawei Distributed Storage Domain, said, “We will continue to focus on our customers’ needs and keep providing efficient and reliable distributed storage products and solutions to safeguard innovative services in each and every industry.”

Confirming this customer focus, one industry architect commented, “We are deeply impressed by the customer-centric working attitude of Huawei engineers. The product itself is very responsive, easy to use for unstructured data, and highly scalable.”

“We need a new type of storage to replace the traditional centralized storage. After POC test, we found that the reliability and scalability of Huawei distributed storage can be realized. The storage capacity can be expanded quickly and the management interface functions are complete,” wrote one IT technical director in the finance industry.

A review from a CTO in the manufacturing sector stated, “Huawei is experienced on distributed storage product. The storage is stable with different networks. And I do like the unified platform idea.”

Specially designed to accommodate mass data, Huawei OceanStor distributed storage provides diversified storage services for high-performance computing (HPC), big data analytics, video, content repository/backup and archiving, virtualization, and cloud resource pools. It helps enterprises fully unleash the value of mass data.

Photo – https://mma.prnewswire.com/media/1814234/image_1.jpg

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In Turkey, a comedy show lands in hot water over a political sketch

Published by
Global Voices

“Mosaic depicting theatrical masks of Tragedy and Comedy, 2nd century AD, from Rome Thermae Decianae (?), Palazzo Nuovo, Capitoline Museums” by Following Hadrian is marked with CC BY-SA 2.0. The Guldur Guldur Show, a popular comedy show in Turkey, was forced to cut a satirical sketch about the Minister of Finance and Treasury Nureddin Nebati from their lineup after network management demanded they remove it. The news made rounds on social media, with fans of the show turning online to deride the censorship. The show airs every Saturday on a local television channel, Show TV, and it was the sho… Continue reading “In Turkey, a comedy show lands in hot water over a political sketch”

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Hitachi Energy launches game-changing power semiconductor module globally for all types of electric vehicles

High-performance power electronics take e-mobility to the next level and advance a more sustainable energy future for all

Zurich, Switzerland, May 10, 2022 (GLOBE NEWSWIRE) — Hitachi Energy, the global technology and market leader in power grids, today announced it will launch globally RoadPak, its pioneering power semiconductor module for electric vehicles at PCIM Europe, the world’s leading power electronics trade fair in Nuremberg, Germany, May 10-12.

RoadPak sets a new benchmark in electric vehicle performance. This compact module uses state-of-the-art silicon carbide (SiC) technology to achieve exceptional levels of power density for faster charging, reliability over the vehicle’s lifetime, and the lowest possible power losses for the longest possible driving range.

“RoadPak is the result of more than 100 years of Hitachi Energy innovation and market leadership in power electronics,” said Niklas Persson, Managing Director of Hitachi Energy’s Grid Integration business. “Along with our Grid-eMotion™ Flash and Fleet EV charging systems, it builds on our commitment to take e-mobility to the next level and advance a more sustainable energy future for all.”

Tested by many EV manufacturers and with two seasons of flawless performance with the Mahindra Racing Formula E team, RoadPak is available in both the 750 volt and 1,200 volt ranges. This makes it ideal for all types of electric vehicle – regular and luxury cars, commercial vehicles, buses, agricultural EVs, heavy-duty trucks and high-performance racing cars.

“We have had the privilege of piloting this advanced power module on our Mahindra M7Electro and M8Electro racing cars over the last two years, which has proven to significantly increase performance and reliability,” said Dilbagh Gill, CEO and Team Principal of Mahindra Racing. “This high technology improvement allows us to develop next-generation state-of-the-art green automotive solutions and improve driving experience.”

Power semiconductors are a critical component in electric vehicles. They are the heart of the inverter, which converts DC power from the vehicle’s battery into the AC power that drives the motor. Reliability is key. RoadPak semiconductors are designed to operate faultlessly for more than four million start-stop cycles over the vehicle’s lifetime.

The EV market is growing exponentially. Global sales of electric cars grew 40 percent in 2020 and almost doubled in 2021.1 In addition, all major car manufacturers have committed to phase out their petrol and diesel vehicles by 2030 or earlier.

Hitachi Energy has two separate manufacturing sources supporting security of supply worldwide for its SiC-based power semiconductor products, including RoadPak. The company makes its own SiC chips at its semiconductor factory in Switzerland and is supported by an independent SiC chip manufacturer in the United States, thereby securing supply in terms of both volumes and geographic availability.

Hitachi Energy’s advanced semiconductor technology is a key component in its grid integration solutions that enable vast amounts of renewable energy to flow reliably through power grids and between nations. They are also key to the traction converter systems that drive high-speed electric trains and metros, and the electric vehicles that are making road transportation clean and sustainable.

Notes to the Editor:

1. According to the International Energy Agency and World Economic Forum respectively: https://www.iea.org/news/global-electric-car-sales-set-for-further-strong-growth-after-40-rise-in-2020 and https://www.weforum.org/agenda/2022/02/electric-cars-sales-evs/.

About Hitachi Energy Ltd.

Hitachi Energy is a global technology leader that is advancing a sustainable energy future for all. We serve customers in the utility, industry and infrastructure sectors with innovative solutions and services across the value chain. Together with customers and partners, we pioneer technologies and enable the digital transformation required to accelerate the energy transition towards a carbon-neutral future. We are advancing the world’s energy system to become more sustainable, flexible and secure whilst balancing social, environmental and economic value. Hitachi Energy has a proven track record and unparalleled installed base in more than 140 countries. Headquartered in Switzerland, we employ around 38,000 people in 90 countries and generate business volumes of approximately $10 billion USD.

About Hitachi, Ltd.

Hitachi drives Social Innovation Business, creating a sustainable society with data and technology. We will solve customers’ and society’s challenges with Lumada solutions leveraging IT, OT (Operational Technology) and products, under the business structure of Digital Systems & Services, Green Energy & Mobility, Connective Industries and Automotive Systems. Driven by green, digital, and innovation, we aim for growth through collaboration with our customers. The company’s consolidated revenues for fiscal year 2021 (ended March 31, 2022) totaled 10,264.6 billions of yen (84,136 millions of U.S. dollars), with 853 consolidated subsidiaries and approximately 370,000 employees worldwide. For more information on Hitachi, please visit the company’s website at https://www.hitachi.com.

Attachments

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com
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The lighting innovation from LEOTEK Corporation won the Edison Awards with a Gold and a Bronze medal

TAIPEI, Taiwan, May 10, 2022 /PRNewswire/ — For the first time this year, LEOTEK Corporation, a subsidiary of LITE-ON Technology, a world-leading provider of opto-semiconductor and power supply management, participated and competed with over 500 technologies and products worldwide in the innovative research and development indicator “Edison Awards.” Winning gold and bronze medals for “LEOTEK Human-Centric Smart Lighting System” and “LEOTEK Ecological Conservation Smart Lighting,” making it the only manufacturer in Taiwan to win awards for two technologies simultaneously.

The lighting innovation from LEOTEK Corporation won the Edison Awards with a Gold and a Bronze medal

The combination of advanced optical technology and AIoT is the key for LEOTEK to win the Edison Awards in the Critical Human Infrastructure Category. The “LEOTEK Human-Centric Smart Lighting System” uses AI image recognition, Internet of Things, and edge computing to automatically adjusts a luminaire’s photometric configuration. It improves traffic safety in cities by increasing optical lighting performance, reducing glare reflected by wet roadway surfaces, and improving eye comfort for drivers.

“LEOTEK Ecological Conservation Smart Lighting” has the patented Optical Filter Front Mask with exclusive dyeing technology to filter out the radiant energy of under 460 nanometers of LED Blue Spectrum, dramatically reducing the Pedicel Ants’ attraction to streetlights while maintaining the same brightness. LEOTEK will leverage AIoT technologies to develop multi-functional intelligent lighting in the future to achieve multi-dimensional ecological conservation.

Mr. Torrent Chin, General Manager of LEOTEK, stated that we are proud to be recognized as a Gold and Bronze Award Winner for the 2022 Edison Awards for two exciting new technological developments. It indicates that the strength of innovative research and development of LEOTEK has received international recognition. Unlike traditional streetlights that simply illuminate the night, LEOTEK aims to promote intelligent traffic solution, roadway safety, and sustainable ecology, combined with Internet of Things and AI related technologies, to expand multiple benefits of the common streetlights.

In the future, LEOTEK will integrate software and hardware research and development, focus on program innovation, and expand into various traffic solutions to improve roadway safety and implement sustainable development.

The Edison Awards was established in 1987 to commemorate Thomas Edison’s pursuit of innovation and excellence. It aims to recognize outstanding innovative developers and innovative achievements and has become one of the highest honorary awards for research and development innovation in the global science and technology industry.

Photo – https://mma.prnewswire.com/media/1812946/LEOTEK_Corporation_Edison_Awards.jpg

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الدورة الخامسة من القمة الثقافية أبوظبي تبحث آفاق الثقافة في عالم ما بعد الجائحة

–  تحت شعار “الثقافة أسلوب حياة” تقام القمة في منارة السعديات من 16 إلى 18 مايو الجاري

–  تجمع القمة الثقافية نُخبةً من المبدعين والإعلاميين وخبراء التكنولوجيا وصناع السياسات الثقافية والإبداعية من أكثر من 90 دولة

–  دائرة الثقافة والسياحة – أبوظبي تنظم القمة بالتعاون مع شركاء عالميين رائدين

–  يرجى الضغط علىالرابط للحصول على الفيديو الترويجي للقمة

أبوظبي، الإمارات العربية المتحدة، 10 مايو 2022: تعقد دائرة الثقافة والسياحة – أبوظبي الدورة الخامسة من القمة الثقافية أبوظبي هذا العام تحت شعار “الثقافة أسلوب حياة”، في منارة السعديات خلال الفترة من 16 إلى 18 مايو الجاري، وذلك لاستكشاف الحلول الثقافية الإبداعية لأبرز القضايا العالمية في عالم ما بعد الجائحة.

'Culture Summit Abu Dhabi' to be held on 16-18 May 2022

تناقش القمة من خلال محاورها وتحت شعار “الثقافة أسلوب حياة” التحديات المعاصرة التي تقود المتغيرات في مجال الصناعات الإبداعية والثقافية، والقطاعات الثقافية الأوسع في عالم اليوم. فقد تأثر الإنتاج الثقافي وقطاع النشر بالوباء العالمي، وتحولت العلاقة بالثقافة إلى جزء حيوي وديناميكي في الحياة اليومية. وظهرت أنظمة ثقافية جديدة تتميز بمزيد من المرونة والتعاون ومشاركة الموارد لدعم واستدامة الصناعات الإبداعية والثقافية، حيث يوفر المشهد الإعلامي العالمي المتطور تحديات وفرصاً للحفاظ على تنوع آليات التعبير الثقافي وتعزيزها.

وقال معالي محمد خليفة المبارك، رئيس دائرة الثقافة والسياحة – أبوظبي: “لقد أدرك قادة الثقافة حول العالم أنّ فترة ما بعد الجائحة التي عاشها العالم كانت صعبة وغير مسبوقة العام الماضي. واليوم، ونظراً لاكتساب عملية التعافي زخماً كبيراً، فإننا نواصل جهودنا في تشكيل وتعزيز قطاع الثقافة، ليس فقط على المستوى الإقليمي، ولكن على المستوى العالمي أيضاً، بالتعاون مع شركائنا العالميين من خلال الجلسات النقاشية والحوارات. وتُعد القمة الثقافية الحدث الأبرز الذي سيجمع مجدداً العقول اللامعة والمبدعة من أنحاء العالم لاستكشاف قوة التلاقي والوحدة في النهوض بالمجتمعات. وذلك من منطلق إيماننا بمدى تأثير الثقافة على الانتعاش الاقتصادي، لذلك نسعى للتركيز على النتائج والإجراءات وابتكار حلول ثقافية فعالة للتحديات العالمية الراهنة”.

Image captured from a previous edition of 'Culture Summit Abu Dhabi'

وفي كل يوم من أيام القمة الثلاثة ستتم دراسة هذه الموضوعات من جوانب متعددة، حيث تركز القمة على إيجاد الحلول المناسبة للتحديات والفرص التي تواجه الصناعات الثقافية والإبداعية وقطاع الثقافة عموماً، في عالم تغيرت معالمه بعد جائحة كوفيد-19.

ضمن محور “النظم الثقافية الحية” تناقش القمة، ومن منظور القطاعات، المشهد بعد التداعيات الحادة لجائحة كوفيد-19 على قطاع الثقافة، حيث بذلت الكثير من الجهود لتطوير منظومات ثقافية وإبداعية حية لتكون أكثر مرونة وقابلية للتكيف واستجابة للتغييرات.

أمّا ضمن محور “الحياة الثقافية” من منظور المجتمعات، فتتطرق القمة إلى تحول قطاع الصناعات الثقافية والإبداعية إلى الابتكار لمواجهة الاضطرابات الكبيرة التي تسببت بها الجائحة، وكان من أكثر هذه الابتكارات الزيادة الهائلة في إنتاج ونشر المحتوى الرقمي.

وتتناول القمة مفاهيم “الثقافة والتنوع والقوة” ضمن محور خاص، حيث تشكّل الصناعات الثقافية والإبداعية والموارد الثقافية الأوسع –المادية منها والمعنوية- محركات قوية لبناء الهوية والاندماج في بيئة عالمية متنوعة واقعية ورقمية على حد سواء.

يتضمن جدول أعمال القمة مجموعة متنوعة من الجلسات الحوارية والمحاضرات والعروض التقديمية والمباحثات، والتي تكرّس القمة من خلالها خبرات صناع القرار والباحثين والفنانين والمفكرين لدراسة القضايا المعاصرة الملحة؛ بما في ذلك تأثيرات الوسائط الرقمية والذكاء الاصطناعي، والنظم الإبداعية والممارسات المحلية، والتمثيل، وطبوغرافيا الأماكن العامة، وغيرها .

تنظم دائرة الثقافة والسياحة – أبوظبي القمة الثقافية بالتعاون مع شركاء عالميين في مجالات تتنوع بين الثقافة والفنون إلى الإعلام والتكنولوجيا مروراً بالاقتصاد. وتتضمن هذه الشراكات مؤسسات مثل منظمة الأمم المتحدة للتربية والعلم والثقافة (اليونسكو)، إيكونومست إمباكت، جوجل، متحف التصميم في لندن، متحف ومؤسسة سولومون آر جوجنهايم. ومن شركاء الفعالية الآخرين إيمج نيشن أبوظبي، لجنة أبوظبي للأفلام، ساندستورم كوميكس، المجمّع الثقافي، متحف اللوفر أبوظبي، بيركلي أبوظبي، الأكاديمية الوطنية لتسجيل الفنون والعلوم، والمورد الثقافي .

يمكن للراغبين في حضور القمة الثقافية أبوظبي 2022 تسجيل اهتمامهم على الموقع الإلكتروني: www.culturesummitabudhabi.com . علماً أن حضور القمة سيتم بموجب دعوات شخصية فقط والأماكن محدودة.

لمحة حول دائرة الثقافة والسياحة – أبوظبي :

تتولى دائرة الثقافة والسياحة – أبوظبي قيادة النمو المستدام لقطاعات الثقافة والسياحة والصناعات الإبداعية في الإمارة، كما تغذي تقدم العاصمة الاقتصادي، وتساعدها على تحقيق طموحاتها وريادتها عالمياً بشكل أوسع. ومن خلال التعاون مع المؤسسات التي ترسخ مكانة أبوظبي كوجهة أولى رائدة؛ تسعى الدائرة لتوحيد منظومة العمل في القطاع حول رؤية مشتركة لإمكانات الإمارة، وتنسيق الجهود وفرص الاستثمار، وتقديم حلول مبتكرة، وتوظيف أفضل الأدوات والسياسات والأنظمة لدعم قطاعات الثقافة والسياحة والصناعات الإبداعية.

وتتمحور رؤية دائرة الثقافة والسياحة – أبوظبي حول تراث الإمارة، ومجتمعها، ومعالمها الطبيعية. وهي تعمل على ترسيخ مكانة الإمارة كوجهة للأصالة والابتكار والتجارب المتميزة متمثلة بتقاليد الضيافة الحية، والمبادرات الرائدة، والفكر الإبداعي.

لمزيد من المعلومات عن دائرة الثقافة والسياحة–أبوظبي والوجهة، يرجى زيارة: tcaabudhabi.ae و visitabudhabi.ae . 

لمزيد من المعلومات عن أجندة فعاليات أبوظبي، يرجى زيارة: inabudhabi.ae .

Photo: https://mma.prnewswire.com/media/1814266/CS_Horz_Ad.jpg
Photo: https://mma.prnewswire.com/media/1814268/Culture_Summit_image.jpg

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LeddarTech Releases Its LeddarSteer Automotive-Grade, Solid-State Digital Beam Steering Technology for LiDAR Sensor Developers

LeddarSteer DBS

LeddarSteer DBS by LeddarTech

QUEBEC, May 10, 2022 (GLOBE NEWSWIRE) — LeddarTech®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce the official release of LeddarSteer™, a digital beam steering solution designed for LiDAR smart sensor developers and Tier 1-2 automotive suppliers.

Digital beam steering refers to changing the direction of laser pulses in a LiDAR. Using a stack of alternating liquid crystal cells and polarization gratings enables to steer light at different angles at a specific wavelength in order to augment a LiDAR field of view while maximizing its performance, allowing digital beam steering for LiDAR to be achieved.

LeddarSteer digital beam steering offers a myriad of benefits to LiDAR smart sensor developers and Tier 1 and 2 customers, including:

  • Software-controlled on-the-fly adjustment
    • Frame-by-frame adjustment
    • Preset or customized configuration
    • Easy setup and interface
    • Voltage-controlled steering
  • Multiple LiDAR applications
    • Compatible with a wide range of LiDAR architectures
    • Enables one LiDAR to address multiple use cases
    • Field of view adjustable for various actions, including turns, exits, lane changes and slopes
    • Same LiDAR for highway and city driving
    • Reduces the number of sensors, generating cost savings
  • Automotive-grade solid-state technology, resulting in a significantly higher MTBF (mean time between failures)

LeddarSteer can be seamlessly integrated into an existing LiDAR to expand the field of view or integrated into new LiDAR development. The solution provides an enhanced signal-to-noise ratio by concentrating laser power on a small region of interest while reducing the size, cost and complexity of LiDAR components whilst maintaining or increasing the pixel count and resolution.

“For well over a decade, LeddarTech has been a leader in developing sensing solutions that enable our customers to deliver high-performance ADAS and AD sensors,” stated Mr. Charles Boulanger, CEO of LeddarTech. “LeddarSteer is the only digital beam steering smart component designed for mass production with the flexibility, reliability, cost, size and performance required by the most demanding 3D sensing applications and supported by standard automotive manufacturing process,” concluded Mr. Boulanger.

About LeddarTech

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain. LeddarTech provides cost-effective perception solutions scalable from Level 2 ADAS to Level 5 full autonomy with LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model from a variety of sensor types and configurations. LeddarTech also supports LiDAR manufacturers and Tier 1-2 automotive suppliers with key technology building blocks such as LeddarSteer™ digital beam steering and the LeddarEngine™, which is built on LeddarTech’s Leddar™ technology employing patented signal acquisition and processing techniques to generate a richer and cleaner return signal at a lower cost. The LeddarEngine comprises a highly integrated, scalable LiDAR SoC and software combination that enables LiDAR developers and Tier 1-2 automotive suppliers to design their own LiDAR solutions. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 120 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Investor relations contact: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/75f154a6-27b8-4546-8614-00d3885feef0

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d


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ROSEN, TOP RANKED INVESTOR COUNSEL, Encourages Lucid Group, Inc. Investors with Losses to Secure Counsel Before Important Deadline in Securities Class Action – LCID

NEW YORK, May 09, 2022 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, reminds purchasers of the securities of Lucid Group, Inc. (NASDAQ: LCID) between November 15, 2021 and February 28, 2022, inclusive (the “Class Period”), of the important May 31, 2022 lead plaintiff deadline.

SO WHAT: If you purchased Lucid securities during the Class Period you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement.

WHAT TO DO NEXT: To join the Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action. A class action lawsuit has already been filed. If you wish to serve as lead plaintiff, you must move the Court no later than May 31, 2022. A lead plaintiff is a representative party acting on behalf of other class members in directing the litigation.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources or any meaningful peer recognition. Many of these firms do not actually handle securities class actions, but are merely middlemen that refer clients or partner with law firms that actually litigate the cases. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

DETAILS OF THE CASE: According to the lawsuit, defendants throughout the Class Period made false and/or misleading statements and/or failed to disclose material adverse facts about the Company’s business and operations. Specifically, Defendants overstated Lucid’s production capabilities while concealing that “extraordinary supply chain and logistics challenges” were already significantly hampering the Company’s operations. When the true details entered the market, the lawsuit claims that investors suffered damages.

To join the Lucid class action, go to https://rosenlegal.com/submit-form/?case_id=4992 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email pkim@rosenlegal.com or cases@rosenlegal.com for information on the class action.

No Class Has Been Certified. Until a class is certified, you are not represented by counsel unless you retain one. You may select counsel of your choice. You may also remain an absent class member and do nothing at this point. An investor’s ability to share in any potential future recovery is not dependent upon serving as lead plaintiff.

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Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
lrosen@rosenlegal.com
pkim@rosenlegal.com
cases@rosenlegal.com
www.rosenlegal.com