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RECOLOGY TESTS NORTH AMERICA’S FIRST HYDROGEN FUEL CELL-POWERED ELECTRIC REFUSE COLLECTION TRUCK, BUILT BY HYZON AND NEW WAY TRUCKS

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Partnership with U.S. Leaders New Way and Hyzon Makes SF First to Debut Cutting-Edge Zero Emission Vehicles

SAN FRANCISCO, Aug. 26, 2024 /PRNewswire/ — Recology, a 100-percent employee-owned company and industry leader in sustainable waste management, begins testing North America’s first hydrogen fuel cell-powered electric refuse collection vehicle – developed in partnership with New Way Trucks and Hyzon (NASDAQ: HYZN) – in San Francisco this week, accelerating a U.S.-led, zero-emission energy transition transforming the global waste industry and addressing climate change.

The refuse collection vehicle was built in partnership between New Way Trucks, an industry-leading refuse truck body manufacturer, and fuel cell manufacturer and technology developer Hyzon – both cutting-edge U.S. companies. Recology will be the first waste and recycling company to pilot this hydrogen fuel cell-powered electric refuse vehicle in the U.S., and San Francisco will be the first city in North America to test it on urban streets, reinforcing the company’s and the city’s pioneering efforts to reduce waste and use clean energy.

“In our quest to help protect the environment and address climate change, San Francisco is once again leading the nation in testing new approaches and equipment,” said Salvatore M. Coniglio, Chief Executive Officer of Recology. “Recology’s leadership on recycling and composting helped make San Franciscothe greenest big city in the nation‘; now we are leading the way on sustainable operations.”

Recology has long emphasized fleet sustainability. In 2019, the company put into service the nation’s first electric Class 8 rear loader in Seattle. Since then, Recology has tested electric collection vehicles throughout its operations and has prioritized the use of renewable or alternative fuels in its fleet – reducing the company’s emissions from fuel use by more than 77% since 2018.

Recology’s trial of the new hydrogen fuel cell-powered trucks on San Francisco streets tracks with regional leaders’ efforts to bring a similar technology to the ferry boats that traverse San Francisco Bay every day.

“Addressing climate change and air pollution, regionally and nationally, requires us to look at the vehicles we rely on every day to provide essential services to our communities. Recology has long partnered with the City to protect our environment by pioneering how we reduce waste. Now I’m excited to see how Recology is also helping us meet our aggressive greenhouse reduction goals through cleaner vehicles,” said Tyrone Jue, Director of the San Francisco Environment Department.

Given the number of waste collection trucks on the nation’s roadways on any given day, the transition to zero emission vehicles is a critical element of the U.S.’s strategy to address climate change and reduce greenhouse gas emissions.

“Considering there are more than 140,000 refuse trucks operating across the market today, waste collection presents an ideal application to showcase the viability of hydrogen fuel cell technology across the environmental services industry,” said Eric Evans, Chief Product Officer for New Way.

Recology leadership got an early look at the new technology late last year, and New Way and Hyzon debuted the hydrogen fuel cell-powered electric refuse vehicle at Waste Expo in Las Vegas in May. New Way’s expertise in refuse collection and Hyzon’s focus on providing zero-emission, high-performance fuel cell systems to decarbonize demanding industries promise to make electric refuse collection a reality for the North American waste and recycling industry.

“When I saw the incredible strides New Way and Hyzon were making toward a zero-emission future for our industry, I knew that Recology needed to bring this technology to San Francisco,” Coniglio said.

In partnering with Recology to be the first to test this revolutionary vehicle, New Way Chief Sales Officer Don Ross said, “Recology’s commitment to implementing clean energy initiatives make them the perfect partner to begin these trials. This hydrogen-powered refuse collection vehicle is being designed to best meet the needs of waste haulers who are championing alternative, sustainable solutions, and there is no better place to start these trials than in the San Francisco Bay Area with Recology, a company well-known for its sustainability initiatives.” Ross, who also serves as Chairman of the National Waste & Recycling Association (NWRA), added that “this technology has the potential to further advance emission reductions in solid waste operations, a traditionally hard to decarbonize industry.”

The first-of-its-kind refuse truck will be put to the test on routes in San Francisco, with Recology’s employee-owners at the wheel, over the next two weeks. After piloting this unique truck in San Francisco, Recology will test it in other Bay Area cities. New Way and Hyzon have scheduled additional trials throughout California later this year, to be followed by more trials in Canada.

Recology’s trial aims to confirm that zero-emission vehicles have the power and range required to complete collection routes and transport heavy loads. The companies are confident it will meet the challenge.

“Our Hyzon high-performance hydrogen fuel cell systems offer the right technology to provide zero-emission power tough enough to perform the hard work a refuse truck needs to deliver, day in and day out,” said Hyzon CEO Parker Meeks. “The interest will only increase, and I am excited for our continued partnership with New Way, and service providers like Recology, to change the future and power a better way forward.” 

Recology’s trials with New Way and Hyzon will build on the success of Hyzon’s electric refuse collection vehicle trials in Australia, which have demonstrated that hydrogen fuel cell technology is a viable replacement for traditional heavy duty diesel engines. All three companies look to show that the New Way-Hyzon hydrogen fuel-cell refuse collection vehicle is overcoming some of the inherent challenges identified with other zero-emission technologies, such as range issues, fluctuations in operating temperatures, and payload limitations.

“Our New Way Sidewinder automated side loader, combined with the consistent and regenerative power of Hyzon’s hydrogen fuel cell drivetrain, offers a lighter weight refuse vehicle, with similar range and performance as the diesel and CNG trucks,” New Way’s Evans said.

Additionally, to further prove hydrogen fuel cells as a more sustainable option in the refuse industry, Hyzon in July launched its Class 8 200kW FCEV tractor-trailer trial program, which Recology also plans to trial.

Hyzon’s high-performance hydrogen fuel cell systems have been shown to provide consistent power over an expected range of at least 125 miles, including at least 1,200 cart lifts, along with trips to transfer stations.

About Recology
Recology is the largest 100% employee-owned company in the waste recovery industry. Based in San Francisco, Recology operates throughout California, Oregon and Washington. Recology’s mission represents a fundamental shift from traditional waste management to resource recovery, seeking to eliminate waste by developing and discovering sustainable resource recovery practices that can be implemented globally. Recology seeks to achieve this by creating a resource ecosystem – one that both protects the environment and sustains the local communities the company serves. Recology’s focus on sustainable operations and practices makes it possible for the diverse communities Recology serves to achieve high landfill diversion and meet sustainability goals. Visit www.Recology.com to learn more.

About New Way Trucks
New Way Trucks is the largest privately held refuse collection equipment manufacturer in North America. New Way’s product lineup features top-performing rear loaders, front loaders and automated side loaders, including the industry-leading Sidewinder XTR™, ROTO PAC® with its exclusive self-cleaning auger, and the small but mighty Wolverine™ – no CDL required. New Way Trucks engineers and builds advanced, dependable, sustainable refuse collection products that best meet what waste haulers need, along with offering top-quality OEM parts and unmatched support and service through our nationwide distributor network. Visit www.newwaytrucks.com to learn more.

About Hyzon
Hyzon is a global supplier of high-performance hydrogen fuel cell technology focused on providing zero-emission power to decarbonize demanding industries. With agile, high-power technology designed for heavy-duty applications, Hyzon is at the center of a new industrial revolution fueled by hydrogen, an abundant and clean energy source. Hyzon focuses on deploying its fuel cell technology in heavy-duty commercial vehicles in Class 8 and refuse vehicles across North America. To learn more about how Hyzon partners across the hydrogen value chain to accelerate the clean energy transition, visit www.hyzonfuelcell.com.

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SOURCE Hyzon

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New GFT research reveals 1 in 4 Brits keep cash on hand amid growing IT failure concerns

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Research reveals mounting worries amongst UK banking customers about IT outages at financial institutions

LONDON, Jan. 8, 2025 /PRNewswire/ — As digital banking becomes the norm, over a third (34%) of Brits are worried about the potential of IT failures at their banks, and 25% now keep cash on hand as a precaution against outages.

This trend reflects the growing uncertainty consumers feel about the reliability of digital financial services, as the availability of in-person banking continues to decline.

Over the past year, one in six (17%) people have been affected by IT failures within their banks, facing an average disruption time of six hours, with customers unable to access their funds or pay for essential goods and services.

This data comes from GFT’s latest Banking Disruption Index, a bi-annual assessment of consumer sentiment towards digital banking.

The research also uncovered growing concern about the security and resiliency of third-party technology providers supporting banks, with 38% of respondents worried about the potential of these organisations to cause an IT outage at a bank, highlighting a broader scepticism around the security and reliability of outsourced digital services.

Additionally, 42% of those surveyed said they were wary of cyber-attacks, fearing that an outage could lead to personal information theft. This underscores the growing expectation for banks to protect both consumer data and access to funds.

Richard Kalas, Client Solutions Director, Retail Banking at GFT, said: “These findings reveal a clear disconnect between the rapid digitalisation of banking services and consumer confidence around the security and resilience of these measures. While digital banking offers numerous benefits, it’s essential that banks continue to clearly demonstrate the various measures they are taking to ensure all critical customer services are resilient.”

The role of banks in enhancing security

As digital banking continues to grow, so do consumer concerns about security and reliability. In response, banks are under increased pressure to strengthen their resilience strategies, ensure operational stability, and better safeguard customers.

To meet these expectations, financial institutions must continue to invest in robust IT infrastructure and cybersecurity measures, and partner with trusted organisations to effectively prevent and swiftly recover from outages.

What’s more, under recent Payment Systems Regulator (PSR) guidelines effective from 7th October, banks must now refund fraud victims up to £85,000 within five days. By shifting a significant portion of responsibility back to banks, the regulation reinforces the importance of customer protection and proactive fraud prevention.

To download the full Banking Disruption Index report, please follow this link.

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View original content:https://www.prnewswire.co.uk/news-releases/new-gft-research-reveals-1-in-4-brits-keep-cash-on-hand-amid-growing-it-failure-concerns-302345598.html

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Route Mobile Partners with PT MRT Jakarta to launch first-of-its-kind WhatsApp ticketing via vending machines and Email

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MUMBAI, India, Jan. 8, 2025 /PRNewswire/ — Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider, has partnered with PT MRT Jakarta, Jakarta’s premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey.

With over 91,000 daily riders and 33.5 million annual ridership, Jakarta MRT plays a vital role in the city’s transportation infrastructure. Currently, it operates a North-South line with 13 stations, from Lebak Bulus to Bundaran HI, serving as a critical transit route that alleviates traffic congestion and improves urban mobility.

Through this innovative WhatsApp solution, passengers who purchase tickets from MRT Jakarta vending machines will receive the following three automated messages to simplify their journey:

Easy-to-follow instructions on using the QR codeA unique QR code to be scanned for entry at the origin stationA unique QR code to be scanned for exit at the destination

This multi-step WhatsApp engagement reduces friction, enhances user convenience, and significantly improves the commuter experience by enabling instant, reliable access to crucial travel details.

In addition to the core WhatsApp solution, Route Mobile is also supporting MRT Jakarta’s marketing initiatives by offering an email solution. This will allow MRT Jakarta to engage passengers through targeted email campaigns, sharing event updates, promotional content, special offers, and other relevant information that deepens customer engagement beyond their transit journey.

This strategic, one-year agreement will streamline the ticketing experience and introduce new marketing capabilities, enhancing customer engagement and convenience for MRT Jakarta commuters.

Gautam Badalia, Chief Executive Officer, Route Mobile, expressed his excitement about this pioneering collaboration, “We are honoured to partner with PT MRT Jakarta on this innovative project, which brings the convenience of WhatsApp communication to the MRT ticketing experience. With Route Mobile’s solution, customers will benefit from real-time information and seamless QR-based entry and exit, setting a new standard for public transit efficiency. We look forward to enhancing PT MRT Jakarta’s customer engagement through our WhatsApp and email solutions.”

About Route Mobile Limited (www.routemobile.com) (BSE: 543228) (NSE: ROUTE)

Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across various industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in Asia Pacific, the Middle East, Africa, Europe, and the Americas. Route Mobile is now a part of Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets.

Additional Resources

Follow Route Mobile on LinkedIn: https://in.linkedin.com/company/routemobilelimited
Become a fan of Route Mobile: https://www.facebook.com/Routemobilelimited

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BIT Mining Limited Announces Results of Annual General Meeting

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AKRON, Ohio, Jan. 8, 2025 /PRNewswire/ — BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the “AGM”) held on January 7, 2025.

At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

For more information:

BIT Mining Limited
ir@btcm.group
Ir.btcm.group  
www.btcm.group  

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-results-of-annual-general-meeting-302345628.html

SOURCE BIT Mining Limited

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