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TELUS ANNOUNCES THREE-TRANCHE NOTE OFFERING

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7 months ago

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4.80% Notes, Series CAO due December 15, 2028

4.95% Notes, Series CAP due February 18, 2031

5.10% Sustainability-Linked Notes, Series CAN due February 15, 2034

VANCOUVER, BC, Feb. 12, 2024 /CNW/ – TELUS announced today it has priced $1.8 billion of senior unsecured notes in three series, the first with a 4-year and 10-month maturity, the second with a 7-year maturity and the third with a 10-year maturity. The notes are offered through a syndicate of agents led by CIBC World Markets Inc, RBC Dominion Securities Inc. and Scotia Capital Inc. Closing of the offering is expected to occur on or about February 15, 2024.

The 4.80% notes, Series CAO, were priced at $99.895 per $100 principal amount for an effective yield of 4.826% per annum until maturity, and will mature on December 15, 2028.

The 4.95% notes, Series CAP, were priced at $99.707 per $100 principal amount for an effective yield of 5.000% per annum until maturity, and will mature on February 18, 2031.

The 5.10% Sustainability-Linked notes, Series CAN (the “Series CAN Notes”), were priced at $99.644 per $100 principal amount for an effective yield of 5.146% per annum until maturity, subject to a possible interest rate step-up, and will mature on February 15, 2034.

The net proceeds of this offering will be used for the repayment of outstanding indebtedness, including all or a portion of the repayment upon maturity of TELUS’ 3.35% Series CK Notes due April 2024, as well as the repayment of a portion of commercial paper (incurred for general working capital purposes) and/or the repayment of a portion of TELUS’ $1.1 billion unsecured Credit Facility with a term expiring July 2024, and for other general corporate purposes.

The Series CAN notes are “Sustainability-Linked Bonds” issued pursuant to TELUS’ Sustainability-Linked Bond Framework announced on June 14, 2021, as it may be amended, restated and/or replaced from time to time (the “Framework”) and will be TELUS’ sixth bond offering under the Framework. As part of the Framework, TELUS has committed to reducing its absolute Scope 1 and 2 greenhouse gas (“GHG”) emissions by 46% from 2019 levels by 2030. Should TELUS fail to achieve this target (the “Sustainability Performance Target”) by December 31, 2030, the interest payable on the Series CAN Notes will increase by 0.50% per annum, as will be further detailed in the prospectus supplement that TELUS will be filing to its short form base shelf prospectus dated August 8, 2022 with securities regulatory authorities in each of the provinces of Canada. The interest payable on the Series CAN Notes may also increase in certain circumstances if TELUS fails to meet additional sustainability and/or environmental, social or governance (“ESG”) targets as provided for in a future “Sustainability-Linked Bond” (a “Future SLB”) issued by TELUS pursuant to the Framework. The interest rate on the Series CAN Notes, however, can in no event exceed the initial rate of 5.10% by more than 1.00% per annum in the aggregate, whether as a result of the failure to achieve the Sustainability Performance Target and/or any targets under one or more Future SLBs.

The Series CAN Note offering supports TELUS’ commitment to environmental sustainability by linking financing to the achievement of ambitious ESG targets. The target set out in the Framework was approved by the Science Based Targets initiative (“SBTi”), further demonstrating TELUS’ global sustainability leadership and support of the world’s fight against climate change. The Sustainability Performance Target is consistent with reductions required to limit warming to below 1.5°C, which at the time of publication of the Framework, was considered the most ambitious designation available through the SBTi process.

TELUS will report annually on its performance against the Sustainability Performance Target and will also obtain an annual independent and external verification of its performance against the Sustainability Performance Target in the form of a limited assurance report. TELUS’ performance as well as the limited assurance report will be included in its annual Sustainability and ESG Report, or other similar report(s) as the case may be, and will be available on TELUS’ website.

Sustainalytics, a leading independent ESG research, ratings and analytics firm, issued a Second Party Opinion in June 2021 (as subsequently extended) confirming that the Framework aligns with the International Capital Market Association’s Sustainability-Linked Bond Principles, 2020.

This media release does not constitute an offer to sell or the solicitation of an offer to buy the securities in any jurisdiction. The securities being offered have not been approved or disapproved by any Canadian securities regulatory authority, nor has any authority passed upon the accuracy or adequacy of the short form base shelf prospectus or the prospectus supplement. The notes have not been registered under the U.S. Securities Act of 1933, as amended, and no notes of any series are being offered in the United States or to or for the account or benefit of any U.S. person.

The notes of each series are being offered pursuant to a prospectus supplement to the short form base shelf prospectus of TELUS dated August 8, 2022. The short form base shelf prospectus and prospectus supplement contain important detailed information about each series of notes. Copies of the short form base shelf prospectus and the prospectus supplement relating to the offering of each series of notes when filed with securities regulatory authorities in Canada may be obtained from the Chief Legal and Governance Officer of TELUS at 510 W. Georgia St., 23rd Floor, Vancouver, British Columbia V6B 0M3 (telephone 604-695-6420). Copies of these documents are, or will be, available electronically on the System for Electronic Document Analysis and Retrieval of the Canadian Securities Administrators+ (“SEDAR+”), at www.sedarplus.ca. Investors should read the short form base shelf prospectus and prospectus supplement before making an investment decision.

Forward-Looking Statements

This news release contains statements about future events pertaining to the offering, including the anticipated closing date of the offering, the intended use of the net proceeds of the offering, the Framework, including TELUS’ commitment to reduce its absolute Scope 1 and 2 GHG emissions by 46% from 2019 levels by 2030, the increase in the interest rate per annum of the Series CAN Notes if TELUS fails to reach the Sustainability Performance Target by the required date, the increase in the interest rate per annum of the Series CAN Notes if TELUS fails to reach additional ESG targets as provided for in a Future SLB(s), and TELUS’ commitments to report annually on its performance against its Sustainability Performance Target, to obtain an annual independent and external verification of its performance against the Sustainability Performance Target in the form of a limited assurance report and to include such performance and such limited assurance report in TELUS’ annual Sustainability and ESG Report or other similar reports and make them available on TELUS’ website. By their nature, forward-looking statements require us to make assumptions and predictions and are subject to inherent risks and uncertainties including: risks associated with capital and debt markets; TELUS’ ability to identify, procure and implement solutions to reduce energy consumption and adopt cleaner sources of energy; TELUS’ ability to identify and make suitable investments in renewable energy, including in the form of virtual power purchase agreements; TELUS’ ability to continue to realize significant absolute reductions in energy use and the resulting GHG emissions in its operations (in part as a result of programs and initiatives focused on our buildings and network); and other risks associated with achieving TELUS’ goals to reduce its GHG emission targets by 2030. There is significant risk that the forward-looking statements will not prove to be accurate. The timing and closing of the above-mentioned offering are subject to customary closing conditions and other risks and uncertainties. Readers are cautioned not to place undue reliance on forward-looking statements as a number of factors could cause actual future performance and events to differ materially from those described in the forward-looking statements. Accordingly, this news release is subject to the disclaimer and the qualifications and risk factors as set out in our 2023 annual management’s discussion and analysis (MD&A), and in other TELUS public disclosure documents and filings with securities commissions in Canada (on SEDAR+ at sedarplus.ca) and in the United States (on EDGAR at sec.gov). The forward-looking statements contained in this news release describe our expectations at the date of this news release and, accordingly, are subject to change after such date. Except as required by law, TELUS disclaims any intention or obligation to update or revise forward-looking statements.

About TELUS

TELUS (TSX: T, NYSE: TU) is a dynamic, world-leading communications technology company with more than $20 billion in annual revenue and over 19 million customer connections spanning wireless, data, IP, voice, television, entertainment, video, and security. Our social purpose is to leverage our global-leading technology and compassion to drive social change and enable remarkable human outcomes. Our longstanding commitment to putting our customers first fuels every aspect of our business, making us a distinct leader in customer service excellence and loyalty. The numerous, sustained accolades TELUS has earned over the years from independent, industry-leading network insight firms showcase the strength and speed of TELUS’ global-leading networks, reinforcing our commitment to provide Canadians with access to superior technology that connects us to the people, resources and information that make our lives better.

Operating in 32 countries around the world, TELUS International (TSX and NYSE: TIXT) is a leading digital customer experience innovator that designs, builds, and delivers next-generation solutions, including AI and content moderation, for global and disruptive brands across strategic industry verticals, including tech and games, communications and media, eCommerce and fintech, banking, financial services and insurance, healthcare, and others.

TELUS Health is a global healthcare leader, which provides employee and family primary and preventive healthcare and wellbeing solutions. Our TELUS team, along with our 100,000 health professionals, are leveraging the combination of TELUS’ strong digital and data analytics capabilities with our unsurpassed client service to dramatically improve remedial, preventive and mental health outcomes covering nearly 70 million lives, and growing, around the world. As the largest provider of digital solutions and digital insights of its kind, TELUS Agriculture & Consumer Goods enables efficient and sustainable production from seed to store, helping improve the safety and quality of food and other goods in a way that is traceable to end consumers.

Driven by our determination and vision to connect all citizens for good, our deeply meaningful and enduring philosophy to give where we live has inspired TELUS and our team to contribute $1.7 billion, including 2.2 million days of service since 2000. This unprecedented generosity and unparalleled volunteerism have made TELUS the most giving company in the world. Together, let’s make the future friendly.

For more information about TELUS, please visit telus.com, follow us at @TELUSNews on X and @Darren_Entwistle on Instagram

Investor Relations
Ian McMillan
(604) 317-8768
ir@telus.com

Media Relations
Steve Beisswanger
(514) 865-2787
Steve.Beisswanger@telus.com

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SOURCE TELUS Corporation

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Technology

Military Cybersecurity Market to Grow by USD 17.9 Billion (2024-2028) Due to Cloud Adoption, AI-Driven Market Insights by Technavio

Published

50 mins ago

on

September 16, 2024

By

NEW YORK, Sept. 16, 2024 /PRNewswire/ — Report on how AI is driving market transformation- The global military cybersecurity market size is estimated to grow by USD 17.90 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  11.53%  during the forecast period. Increase in adoption of cloud-based services is driving market growth, with a trend towards high adoption of AI and machine learning. However, system integration and interoperability issues  poses a challenge. Key market players include Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc..

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View the snapshot of this report

Military Cybersecurity Market Scope

Report Coverage

Details

Base year

2023

Historic period

2018 – 2022

Forecast period

2024-2028

Growth momentum & CAGR

Accelerate at a CAGR of 11.53%

Market growth 2024-2028

USD 17903.9 million

Market structure

Fragmented

YoY growth 2022-2023 (%)

10.45

Regional analysis

North America, APAC, Europe, Middle East and Africa, and South America

Performing market contribution

North America at 36%

Key countries

US, China, India, Russia, and UK

Key companies profiled

Airbus SE, BAE Systems Plc, Booz Allen Hamilton Holding Corp., Broadcom Inc., CACI International Inc., Cisco Systems Inc., Digital Management LLC, Fortinet Inc., General Dynamics Corp., GovCIO, Intel Corp., International Business Machines Corp., Leidos Holdings Inc., Lockheed Martin Corp., ManTech International Corp., NetCentrics Corp., Northrop Grumman Corp., RTX Corp., SAIC Motor Corp. Ltd., Thales Group, and Viasat Inc.

Market Driver

The integration of Artificial Intelligence (AI) and machine learning in military cybersecurity is anticipated to significantly contribute to economic growth, particularly in developed economies. Developed countries are adopting AI-based solutions at a faster pace due to their advanced infrastructure. Machine learning, a subset of AI, delivers outputs similar to humans without extensive programming. Technologies like autonomous vehicles, speech recognition, and advanced web searches utilize machine learning. Extensive research and development activities are ongoing in this field. As AI replaces human monitoring and analysis, human error is reduced, leading to more effective cybersecurity solutions. This enhancement is projected to fuel the expansion of the global military cybersecurity market. 

Military cybersecurity is a critical issue as military systems, networks, and infrastructure face increasing threats from cyber attacks. Unauthorized access, espionage, and malicious activities pose risks to military operations and defense organizations. State-sponsored attacks and cyber warfare are major concerns. Defense budgets continue to grow to fund cybersecurity measures, including cloud computing solutions from cybersecurity companies. Threat intelligence, incident response, machine learning, and quantum-resistant cryptography are essential security solutions. Defense organizations must also secure their supply chains and communication networks. Cybersecurity norms, cloud-based storage solutions, and investments by governments are driving innovation in areas like autonomous defense, blockchain, space operations, and security professional services. The Biden-Harris Administration prioritizes military cybersecurity, focusing on training and education, deployment modes, data security, application security, cloud security, and endpoint security. Defense personnel require ongoing training to counter evolving threats.

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Market Challenges

The military sector’s increasing adoption of advanced technologies brings about the need for network security solutions. However, defense agencies encounter challenges in integrating these solutions with their existing IT infrastructure. Vendors must offer unified IT solutions to ensure seamless integration. Technical issues during operations can result in significant costs and reduced efficiency. Hacking-related malfunctions, such as server errors and technical defects, pose a threat. To mitigate these risks, vendors must conduct rigorous trials before market introduction. Integration of multiple IT systems on traditional infrastructure can lead to cross-platform issues, potentially hindering military cybersecurity implementation and market growth.Military organizations face unique cybersecurity challenges in areas like supply chain security, threat intelligence, incident response, and defense security norms. Machine learning and quantum-resistant cryptography help strengthen network, endpoint, application, data, cloud, and communication security. Cyber-physical systems, autonomous defense, blockchain, and space operations require specialized solutions. Biden-Harris Administration’s focus on cybersecurity includes investments in cybersecurity technologies, professional services, training, and education. Challenges include hacking, import/export analysis, and compliance with defense security norms. Cloud-based storage solutions, security services, and encryption are essential for data protection. Access controls, national security, and incident response are critical components of defense cybersecurity strategies. Military cybersecurity requires a multi-layered approach to address the evolving threat landscape. This includes deploying security solutions for various modes, implementing communication networks with intelligence and surveillance capabilities, and ensuring supply chain security. Defense personnel need ongoing training to stay updated on the latest cybersecurity trends and best practices. Defense budgets continue to increase for cybersecurity initiatives, with investments in unmanned vehicles, cloud-based storage solutions, and security services.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This military cybersecurity market report extensively covers market segmentation by  

Deployment 1.1 On-premise1.2 Cloud-basedType 2.1 Network security2.2 Data security2.3 Identity and access management2.4 Cloud securityGeography 3.1 North America3.2 APAC3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 On-premise-  The on-premises segment dominated the global military cybersecurity market in 2022, accounting for the largest share. On-premises security solutions run on an organization’s own hardware infrastructure, enabling defense institutions to purchase licenses for cybersecurity software to operate on their local servers. The primary advantage of on-premises systems is data protection, as data is stored locally, granting end-users complete control. Military organizations maintain full authority over their network security without external interference. Although the demand for on-premises systems has decreased due to the rise of cloud-based alternatives, concerns regarding security, compliance, and network control continue to drive market growth.

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Research Analysis

The Military Cybersecurity Market encompasses the protective measures implemented to safeguard military systems, networks, and infrastructure from cyber threats. With the increasing reliance on technology for military operations, unauthorized access, espionage, and malicious activities pose significant risks. Defense organizations face threats from state-sponsored attacks, hacking, and import/export analysis. To counter these risks, governments are making substantial investments in cybersecurity technologies, including cloud-based storage solutions, encryption, access controls, and security services. The Biden-Harris Administration has prioritized cybersecurity, recognizing its importance to national security. Unmanned vehicles and defense personnel also require protection. The defense budget reflects this priority, with a growing allocation towards cybersecurity. Cybersecurity is essential to maintaining the integrity and confidentiality of military information, ensuring the safety of defense personnel, and preserving national security.

Market Research Overview

The Military Cybersecurity market encompasses the protection of Military systems, networks, and infrastructure from Cyber threats such as unauthorized access, espionage, malicious activities, and state-sponsored attacks. Cybersecurity measures are essential to safeguard Military operations and defense organizations from Cyber warfare. Defense budgets continue to prioritize Cybersecurity, with investments in Cloud computing, Cybersecurity companies, and advanced technologies like Machine learning, Quantum-resistant cryptography, Blockchain, and Autonomous defense. Military cybersecurity extends to securing Cyber-physical systems, communication networks, Intelligence and surveillance, and Supply chain. Defense organizations face various threats, including hacking, import/export analysis, and encryption breaches. Access controls and National security are paramount, with a focus on Cloud-based storage solutions, Security services, and Cybersecurity technologies. Personnel training and education are crucial, with deployment modes varying from on-premises to Cloud-based solutions. The Biden-Harris Administration has focued Military cybersecurity, with Defense personnel receiving increased training and education. Defense budgets continue to allocate funds for Cybersecurity, with a focus on securing Space operations, Unmanned vehicles, and Defense personnel. Cybersecurity norms and regulations are evolving, with a growing emphasis on Threat intelligence, Incident response, and Deployment modes.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

DeploymentOn-premiseCloud-basedTypeNetwork SecurityData SecurityIdentity And Access ManagementCloud SecurityGeographyNorth AmericaAPACEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

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SOURCE Technavio

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Technology

Sinch Accelerates Adoption of Rich Communication Services (RCS) Business Messaging with RCS Upscale

Published

50 mins ago

on

September 16, 2024

By

Leading the Evolution of Customer Engagement with Secure, Interactive, and Branded Messaging Across Devices & Platforms

ATLANTA and STOCKHOLM, Sept. 16, 2024 /PRNewswire/ — Sinch (Sinch AB (publ) – XSTO: SINCH), which is pioneering the way the world communicates through its Customer Communications Cloud, is accelerating the adoption of Rich Communication Services (RCS.)   Sinch has consistently delivered secure, branded, and interactive messaging solutions, offering flexible options that include messaging APIs, SaaS tools, and messaging enablement services. These solutions empower both brands and carriers to embrace RCS and transform customer interactions.

With Sinch’s RCS Upscale solution, businesses can seamlessly transition from SMS to RCS without additional costs or integration changes.  For markets where RCS is not fully supported, Sinch’s SMS fallback ensures continued messaging reach.  Customers using Sinch’s RCS solutions have seen unparalleled delivery and engagement rates on high-value use cases across the customer journey, making RCS an ideal choice for businesses looking to transform customer experiences.

Sinch sends millions of RCS business messages each month, helping brands like EasyPark and Micromania-Zing in EMEA, delivery companies in the North America, and banks across Latin America and India.  Sinch’s solutions are helping these organizations leverage RCS to improve their messaging capabilities, driving better customer engagement and satisfaction.

The release of iOS 18, which introduces RCS support in select markets, marks a

pivotal moment for the growth of RCS.  This development brings a more united and seamless messaging experience between Apple and Android devices for consumers, paving the way for RCS Business Messaging (RBM) adoption.  With Apple’s commitment to supporting the RCS Universal 2.4, which includes RBM, the stage is set for broader adoption, providing businesses with a powerful new tool to engage customers through rich, interactive experiences directly in their mobile inbox across a wider range of devices.

Sinch’s innovations in RCS are further evidenced by tools like the Omnichannel Connector on Salesforce AppExchange, which enables Salesforce Marketing Cloud customers to create dynamic, interactive campaigns.

Backed by Sinch’s global super network, strong direct operator connections, and a preferred partnership with Google, the company leads the RCS space and is fully prepared for widespread RCS rollout. Sinch’s APIs, SaaS tools, and carrier enablement services empower both businesses and carriers to create personalized, interactive RCS

experiences, driving significant improvements in customer engagement across industries.

“Sinch RCS products and solutions help businesses quickly upgrade to RCS, whether they’re looking to upscale from SMS or enable richer, more interactive and conversational experiences for their customers,” said Lodema Steinbach, VP of Product & Carrier Relations, North America at Sinch. “With a broad range of offerings and expertise across customer segments, Sinch provides the flexibility businesses need to enhance customer engagement in a secure, trusted environment.”

“As RCS adoption accelerates, we are proud to lead this technological shift,” Steinbach added. “Sinch’s API-first platform and SaaS solutions make it easy for brands to adopt RCS and drive results, whether through simple transactional messaging or richer, more interactive customer engagements. Our deep relationships with mobile operators and in-house expertise position us to support businesses throughout their RCS journey.”

To learn more about implementing RCS and how it can transform customer engagement, download Sinch’s comprehensive guide on building a business case for RCS or contact our team for personalized support.

CONTACT: 
For further information please contact:
Janet Lennon, Director of Global PR & Communications
janet.lennon@sinch.com |1.206.914.6175

This information was brought to you by Cision http://news.cision.com

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SOURCE Sinch AB

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Technology

LAZ collaborates with bp to bring bp pulse ultra-fast public EV charging hubs to 20 cities over next five years

Published

50 mins ago

on

September 16, 2024

By

Under the agreement, the ultra fast charging sites will host Level 3 chargers, be open to the public 24/7 and provide drivers with up to one hour of free parking while charging

HARTFORD, Conn., Sept. 16, 2024 /PRNewswire/ — LAZ Parking, the largest, fastest-growing privately owned parking operator in the United States, is pleased to announce that it has entered into an agreement with bp pulse to collaborate in the development, deployment, and operation of ultra-fast public charging hubs at LAZ-managed locations. bp pulse is a leading worldwide provider and best-in-class operator of ultra-fast electric vehicle charging. LAZ manages and leases a network of distributed real estate encompassing 1.6 million parking spaces in over 3,800 locations in 42 states and 477 cities in the U.S. and Canada.

“We are thrilled to be collaborating with bp pulse,” said Alan Lazowski, Chairman and CEO, of LAZ Parking. “This agreement builds on LAZ’s mission to provide value to our clients and opportunities for our employees. By focusing on embracing emerging technologies, and collaborating with major stakeholders, like bp pulse, we are driving positive change and propelling the parking industry toward a resilient and more efficient future.”

The ultra-fast charging hubs developed by bp pulse are classified as Level 3 charging and rated at 250kW or higher. These chargers can provide EV customers with a full charge in 30-45 minutes depending on variables like vehicle type and battery health.  

“This collaboration with LAZ supports the delivery of our strategy to bring EV charging to major metro areas at locations where drivers are already going in their day-to-day routines,” said Sujay Sharma, CEO bp pulse America. “bp pulse is proud to be to working with like-minded partners who have long term commitments to the EV transition and are propelling the EV industry forward. These LAZ locations will be a welcome addition to bp’s own extensive real estate footprint across the US and bp pulse’s existing third-party relationships like our recently announced plans with Simon Property Group, amongst others.”

As LAZ’s preferred partner for ultra-fast charging nationwide, bp pulse will work with LAZ to identify locations best suited for ultra-fast charging hubs with a focus on key metros and other areas with a high density of vehicles including those with high tenancy housing, universities and hotels. Each site will be publicly available and operate 24/7 to ensure drivers can charge when they need to. As part of the charging experience, EV drivers will receive up to one hour of free parking when they charge using the bp pulse app.

“Unlike many other companies in this space, bp is a proven global brand committed to electrification internationally,” said Lazowski. “They are experts at designing, building, operating, and maintaining infrastructure. We could not be happier in our choice of a partner for this exciting collaboration.”

About LAZ Parking 

LAZ Parking is the largest, fastest-growing privately owned parking operator in the United States and a pioneer in digital parking technology. Founded in Hartford, CT, LAZ has been providing best-in-class parking management and transportation services since 1981 and operates over 1.6 million parking spaces in over 3,800 locations in 42 states and 477 cities in the U.S. and Canada. LAZ is an industry leader in business intelligence, remote monitoring, eCommerce solutions, and Proximity On-Demand Services or “LAZ PODS”. We leverage our international network of parking facilities to offer cutting edge, tech-enabled solutions, that include EV charging, micro warehousing, last-mile logistics, working across the hospitality, commercial, healthcare, airports, transportation, universities, government, retail, events, residential, and shuttle service industries. LAZ is a people first, conscious capitalist company, committed to elevating humanity through business. Additional information can be found at www.lazparking.com.

About bp pulse

bp pulse is bp’s electric vehicle (EV) charging business. Focused on fast and reliable charging, bp pulse deploys charging points for EV drivers and commercial fleets on the go; at destination hubs, at the depot and bp retail sites.

Around the world bp pulse is partnering with some of the world’s biggest businesses, while developing the Gigahub™ network, a series of large EV high-speed charging hubs in high-demand locations.

Electric vehicle charging is one of five growth engines of bp’s transformation into an integrated energy company. The company has already installed more than 33,900 charge points and aims to expand its network of public EV charging stations to more than 100,000 worldwide by 2030.

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SOURCE LAZ Parking

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