Alaska Structures, Inc. Announces Company Renaming and Restructuring

A New Corporate Structure to Support Growth Strategy and Expand Individual Brands

KIRKLAND, Wash., July 01, 2022 (GLOBE NEWSWIRE) — Alaska Structures, Inc. (Alaska) is pleased to announce that, following the recent tremendous expansion of its product lines and its successful consolidation with WeatherPort Shelter Systems, the company is implementing a strategic renaming and restructuring program that reflects its continued growth and expanded product offerings. Effective July 1, 2022, Alaska will be renamed “AKS Industries, Inc.” and will serve as a parent corporation holding all its existing product lines under three new corporate divisions: Alaska Defense™, Alaska Structures®, and BLU-MED Response Systems®.

The timing of the renaming and restructuring program coincides with the expansion of Alaska Defense’s hard-wall container-based product lines, as well as a significant milestone in the company’s history. Alaska is known for providing the world’s most popular and widely used soft-wall shelter systems, with more than 65,000 shelter systems successfully deployed in 85-plus countries. Now, with nearly 400,000 square feet of manufacturing space in the USA, AKS Industries™ has grown to become the most efficient and largest manufacturer of its kind. In addition to manufacturing the highest-quality fabric buildings made anywhere in the world, AKS Industries now has the in-house capability to manufacture heavy-duty cargo trailers, expeditionary light towers, and modular container systems.

“This is an exciting development for AKS Industries and our customers. We now offer the option of both soft- and hard-wall building solutions. Bringing this capability in-house allows us to expand our product offerings and create containerized buildings that deliver the same rugged durability our customers expect, but also seamlessly integrate with our well-known plug-and-play capabilities,” stated COO Gerrit Boyle.

Under the new structure, the company’s three divisions will be as follows:

Alaska Defense™ — Formerly the Military Division of Alaska Structures, Alaska Defense will remain focused on providing rapidly deployable military shelter systems and military base camps while expanding its new lines of containerized facilities, including containerized shower/latrine systems to support military base camps. Alaska Defense will continue to support the rapid expansion of forces and enhance mission readiness with energy-efficient and scalable solutions that offer unmatched setup and strike capability for expeditionary or enduring deployments anywhere in the world.

For more information, please visit www.alaskadefense.com.

Alaska Structures® — Formerly Alaska’s commercial division, the Alaska Structures division of AKS Industries™ will continue to manufacture commercial fabric buildings and remote camp systems used by mining, construction, oil and gas, and manufacturing companies worldwide while expanding its consumer- and recreational-focused WeatherPort® product lines. Engineered fabric buildings from Alaska Structures meet area-specific wind and snow loads for safety, drastically reduce construction schedules, are easily relocated, and offer long-lasting durability in extremely hot, humid, and cold climates.

For more information about Alaska Structures’ commercial product lines, please visit www.alaskastructures.com.

For more information about Alaska Structures’ WeatherPort product lines, please visit www.weatherport.com.

BLU-MED Response Systems® (BLU-MED®— BLU-MED® will continue as the mobile medical facilities division of AKS Industries to supply government agencies (of all levels), response organizations, and first responders with medical facilities and mobile field hospitals to respond quickly to medical emergencies, disasters, hospital surge events, disease outbreaks (like Ebola, COVID-19, flu, etc.) and world conflicts “…when and where needed.” ®

For more information, please visit www.blu-med.com.

Point of Contact:
William Hansen
AKS Industries, Inc.
inquiry@aks.com

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ETC Announces Notice of Annual Meeting of Shareholders

SOUTHAMPTON, Pa., July 01, 2022 (GLOBE NEWSWIRE) — Environmental Tectonics Corporation (OTC Pink: ETCC) (“ETC” or the “Company”) today announces that the Annual Meeting of Shareholders (“Annual Meeting”) will be held virtually via Zoom on Thursday, August 4, 2022 at 10:00 a.m. for the following purposes:

  1. To elect five (5) Directors to serve on the Board of Directors until ETC’s 2023 Annual Meeting of Shareholders and until their successors are elected.
  2. To ratify the appointment of RSM US LLP as the independent registered public accounting firm for ETC for the fiscal year ending February 24, 2023.
  3. To transact such other business as may properly come before the meeting and any adjournment of the meeting.

ETC will be convening the meeting from our Corporate Headquarters via Zoom. If you would like to have the Zoom link emailed for access to the meeting, please email Andrea Morton at amorton@etcusa.com. Links will be emailed within twenty-four (24) hours of the meeting time.

The Board of Directors has fixed the close of business on June 23, 2022 as the Record Date for the determination of shareholders entitled to notice of and to vote at the Annual Meeting. Materials for the Annual Meeting were made available on or about June 30, 2022 to registered shareholders as of the Record Date. Such materials are also available within the Investors section of ETC’s website at https://www.etcusa.com/investors/ shareholder-information/annual-meetingshareholders-materials/.

You can vote your shares by emailing your position on each of the above items to voting@etcusa.com. If you are unable to attend the Annual Meeting, it is still important that your shares be represented. Please vote your shares promptly.

______________

About ETC:

ETC designs, manufactures, and sells software driven products and services used to recreate and monitor the physiological effects of motion on humans, and equipment to control, modify, simulate and measure environmental conditions. Our products include aircrew training systems (aeromedical, tactical combat, and general), disaster management systems, sterilizers (steam and gas), environmental testing and simulation systems, and other products that involve similar manufacturing techniques and engineering technologies. ETC’s unique ability to offer complete systems, designed and produced to high technical standards, sets it apart from its competition. ETC is headquartered in Southampton, PA. For more information about ETC, visit http://www.etcusa.com/.

Forward-looking Statements

This news release contains forward-looking statements, which are based on management’s expectations and are subject to uncertainties and changes in circumstances. Words and expressions reflecting something other than historical fact are intended to identify forward-looking statements, and these statements may include words such as “may”, “will”, “should”, “expect”, “plan”, “anticipate”, “believe”, “estimate”, “future”, “predict”, “potential”, “intend”, or “continue”, and similar expressions. We base our forward-looking statements on our current expectations and projections about future events or future financial performance. Our forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about ETC and its subsidiaries that may cause actual results to be materially different from any future results implied by these forward-looking statements. We caution you not to place undue reliance on these forward-looking statements.

Contact:      Joseph F. Verbitski, Jr., Chief Financial Officer
Phone:        (215) 355-9100 x1531
E-mail:        jverbitski@etcusa.com

Soba Launches Alpha and Raises Seed Round From Lightspeed, FTX and Cherry

Soba launches Alpha open-world gaming platform where anyone can create games on any device through no-code tools. Soba is built on web3 and focuses on creating the best environment for creators.

Welcome to Soba

Welcome to Soba

BERLIN, July 01, 2022 (GLOBE NEWSWIRE) — Soba launches Alpha open-world gaming platform where anyone can create games on any device through no-code tools. Soba is built on web3 and focuses on creating the best environment for creators.

Additionally, Soba announced that it has raised $13.6 million in seed financing led by Lightspeed Venture Partners with participation from FTX Ventures.

Cherry Ventures, Point Nine Capital and TQ Ventures in addition to creators like Matthew “Nadeshot” Haag, Jack “CouRage” Dunlop, Tim “ClashwithAsh” Evans, Alvaro “Alvaro845” González de Buitrago, have also taken part in the financing round.

Soba’s vision is to build the most inclusive virtual world, where anyone can express their ultimate creativity through game creation.

You can access the full press release here and the media kit here.

For further questions, you can contact Soba’s head of marketing, Irina Nikolovska – irina.nikolovska@crew.gg

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Image 1: Welcome to Soba

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Sale of undelivered Iveco Group N.V. common shares

Demerger of CNH Industrial N.V. through the Separation and Transfer of its “On-Highway” Business to Iveco Group N.V. – Final Settlement

Sale of undelivered Iveco Group N.V. common shares

London / Turin, 30th June 2022

CNH Industrial N.V. (CUSIP: N20944 109; ISIN: NL0010545661; TICKER: CNHI) and Iveco Group N.V. (ISIN: NL0015000LU4; TICKER: IVG) announce the final corporate activities related to the spin-off of CNH Industrial N.V.’s On-Highway business to Iveco Group N.V. (“the Demerger”), consummated on January 1, 2022.

As of 5pm Eastern Time on June 24, 2022, a number of CNH Industrial shareholders entitled to receive Iveco Group N.V. common shares (representing slightly over 1% of issued Iveco Group capital stock), as a result of the Demerger, failed to provide the details of a securities account with an intermediary of Monte Titoli S.p.A., to which the Iveco Group common shares (listed on Euronext Milan and only capable of being held and settled within the systems of Monte Titoli S.p.A.) could be delivered (“the Relevant CNHI Shareholders”, and the Iveco Group N.V. common shares they are entitled to, “the Undelivered IVG Shares”).

Therefore, as per the Demerger documentation, Citigroup Global Markets Europe AG has been appointed to sell the Undelivered IVG Shares on Euronext Milan, in accordance with regulations and market practices. At the end of such sales the total proceeds (net of all transaction costs, including brokerage, administration and foreign exchange fees) will be credited to the Relevant CNHI Shareholders, which will receive their pro rata portion of such aggregate proceeds (in US dollars), either by check or by wire transfer, to the extent they have timely provided Computershare Trust Co N.A. (the transfer agent of CNH Industrial N.V.) with their bank account details and the relevant conditions are met. The exact payment dates cannot be confirmed at this stage; however, in case the Relevant CNHI Shareholders do not receive payment by July 31, 2022, they are kindly invited to contact Computershare Trust Co N.A.

Additional information about the announced activities (namely the allocation of Iveco Group common shares to CNH Industrial shareholders and the settlement of the Undelivered IVG Shares), is available on the corporate website of Iveco Group N.V.

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutions. Across a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Iveco Group N.V. (MI: IVG) is a global automotive leader active in the Commercial & Specialty Vehicles, Powertrain, and related Financial Services arenas. Each of its eight brands is a major force in its specific business: IVECO, a pioneering commercial vehicles brand that designs, manufactures, and markets heavy, medium, and light-duty trucks; FPT Industrial, a global leader in a vast array of advanced powertrain technologies in the agriculture, construction, marine, power generation, and commercial vehicles sectors; IVECO BUS and HEULIEZ, mass-transit and premium bus and coach brands; IDV, for highly-specialised defence and civil protection equipment; ASTRA, a leader in large-scale heavy-duty quarry and construction vehicles; MAGIRUS, the industry-reputed firefighting vehicle and equipment manufacturer; and IVECO CAPITAL, the financing arm which supports them all. Iveco Group employs approximately 34,000 people around the world and has 28 manufacturing plants and 29 R&D centres. Further information is available on the Company’s website www.ivecogroup.com

Contacts

CNH Industrial Iveco Group
Media Relations
Email: mediarelations@cnhind.com
Media Relations
Email: mediarelations@ivecogroup.com
Investor Relations
Email: investor.relations@cnhind.com
Investor Relations
Email: investor.relations@ivecogroup.com

India Bans Single-Use Plastic

Thursday afternoon in Kolkata, India, fruit seller Tanvir Alam sat behind a basket of mangos on the sidewalk of a busy street, saying the nationwide ban on single-use plastic bags that goes into effect Friday, would hurt business.

“I do not know now what I will use to pack my fruits when there is a ban on thin plastic bags from tomorrow [July 1],” Alam told VOA Thursday.

India last year banned the use of bags made of plastic less than 75 microns thick. Market vendors and shopkeepers, though, are still using such bags.

“If we cannot use plastic bags, paper bags are the next available option for us. In the market, there are stronger paper bags, which are used by big shops. But I cannot afford to use those costly bags for my business on the footpath,” Alam said.

“One stronger paper bag that can carry 2 kilograms of mango will cost at least 8 rupees. But paying 8 rupees [$ 0.10] I can buy at least 25 plastic bags.”

Some market customers said plastic bags are convenient and useful.

“Every time carrying cloth bag from home is no more our culture for a long time. We prefer that the sellers provide bags for us. Plastic bags are cheap, they come almost free with the goods,” said a 65-year-old carpenter.

Officially announcing the single-use plastic ban last week, India’s Ministry of Environment and Forests released a list of the single-use plastic items to be banned.

The list of the banned single-use plastic items includes plastic cups, plates, cutlery, ice cream sticks, candy sticks, straws, wrapping and polystyrene (thermocol/Styrofoam).

In a recent statement, India’s Central Pollution Control Board asked people to switch to cotton and jute bags, clay cups, bamboo or wooden cutlery and other items made of biodegradable materials. People criticizing the latest ban say that the alternatives are either not abundantly available or very expensive.

The Indian government said in April the country was generating 3.5 million metric tons of plastic waste annually. However, the New Delhi-based nonprofit research group Centre for Science and Environment estimates the figure should be higher.

In May 2018, Prime Minister Narendra Modi said in an address that India will eliminate all single-use plastic in the country by the end of 2022.

“The choices that we make today will define our collective future. The choices may not be easy. But through awareness, technology and a genuine global partnership, I am sure we can make the right choices. Let us all join together to beat plastic pollution and make this planet a better place to live,” Modi said.

In an article in The Guardian newspaper, Erik Solheim, former head of U.N. Environment Program, wrote in June 2018, “Let there be no doubt: we are on edge of a plastic calamity.”

Praising India’s initiative, though, he wrote again in 2018, “They have shown that political motivation, turned into practical action, can inspire the world and ignite real change.”

Welcoming the ban, Anoop Kumar Srivastava, founder of the Foundation for Campaign Against Plastic Pollution, told VOA the ban by the Indian government will pave the way for a reduction in plastic pollution in the country and eventually eliminate it.

“However, enforcement of the ban on single-use plastics will be challenging in India and will need to be coupled with a campaign to bring about behavioral change among the people. Awareness needs to be created about how single-use plastics harm human health and also the impact on the environment, which will adversely affect the future generations,” Srivastava said.

“This would reduce the demand for single-use plastics and help in the enforcement of the ban. At the same time, strict action would need to be taken against those who continue to produce banned items,” he said.

Anyone found violating the single-use plastic ban will be jailed for five years or fined more than 100,000 rupees ($1,265). Special control rooms will be set up to monitor and ensure enforcement of the ban at national and state levels, a statement from the environmental ministry read.

Yet, a vegetable seller on a sidewalk market said it is difficult for the government to enforce the ban completely.

“The thin and cheap plastic bags that we have used so far will still somehow be available in the underground market, the way cannabis or illicit liquor is sold. And many vendors will secretly buy and use the plastic bags,” Afroza Begum said.

Another fruit-seller, Begum’s neighbor who requested anonymity, said: “People running businesses on footpath know how to grease the palms of the police and others. The use of banned plastic bags will now perhaps reduce to some extent but will not stop completely. …This is India.”

Source: Voice of America

More people tend to opt for EVs, says an official

In the Lao PDR, more and more people are likely to use electric vehicles as in Vientiane there are more than 160 electric vehicles (as of May 11, 2022) and 15 charging stations including one fast charge station, has said Permanent Secretary, Ministry of Energy and Mines, Mr Khamso Kouphokham.

“EVs and commercial charging stations are likely to rise in numbers in the future,” said Khamso Kouphokham.

Representatives from the Department of Energy Promotion and Saving, Ministry of Energy and Mines and relevant offices met in Vientiane Province on Jun 28-30 to pass a draft ministerial agreement on the management of commercial electric vehicle charging stations.

“Today, many countries are increasingly using electric vehicles and expanding charging stations in society to reduce air pollution caused by carbon dioxide from industrial factories and combustion vehicles. Many have made commitments to environment protection as their obligations to the reduction of air pollution especially by delivering a policy that promotes the development and use of non-pollutant vehicles,” said Mr Khamso.

The government has tasked the Ministry of Energy and Mines to devise legal instruments on charging stations and price composition of public charging stations.

Laos has an ambitious goal to raise the share of electric vehicles to 1% of the total vehicles in the country by 2025 and 30% by 2030, and increase the nationwide number of public fast and rapid charge stations, each with 5-10 plugs, to at least 50 by 2025 and 100 by 2030.

Source: Lao News Agency