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TEDCO Releases Equitech Growth Commission’s Preliminary Funding Plan and Priorities

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Announces Inaugural Request for Applications through the Equitech Growth Fund with up to $5M in Estimated Awards

COLUMBIA, Md., Oct. 16, 2024 /PRNewswire/ — TEDCO, Maryland’s economic engine for technology companies, announces the release of the Equitech Growth Commission’s Preliminary Funding Plan and Priorities, along with a Request for Applications (RFA) for the inaugural round of Equitech funding. The Commission’s preliminary plan, which serves as the initial framework for its 10-year strategic plan, outlines broad-based objectives and serves as a guide for shaping funding opportunities made available through the Equitech Growth Fund. The Commission’s Final Funding Plan and Priorities is anticipated to be released in June 2025.

TEDCO Announces Inaugural Request for Applications through the Equitech Growth Fund with up to $5M in Estimated Awards

“With this fund, we are continuing to create strategies that will enhance Maryland’s statewide ecosystem,” said Mindy Lehman, chief government program development, affairs & policy officer at TEDCO. “This grant opportunity allows us to provide even more support to underrepresented communities.”

The Equitech Growth Fund is a key component of the broader Cultivate Maryland initiative, which was launched in response to a recent study that revealed a slowing economic growth rate in Maryland. The initiative aims to create a sustainable and inclusive ecosystem, helping to retain companies while attracting new entrepreneurs to the state.

The inaugural round of funding made available through the RFA aligns with the goals, objectives and outcomes to support economic competitiveness and inclusive growth of emerging and advanced industries in Maryland as outlined in the Commission’s Preliminary Funding Plan. The RFA seeks proposals that leverage partnerships and investments from the private sector, federal government and/or other stakeholders for initiatives focused on workforce development and infrastructure and address one or more of the Commission’s 10-year goals for growing the State’s innovation economy. The total funding pool for the awards is estimated to be up to $5 million.

Funding breakdown:

Infrastructure Awards: $3 million will be awarded to 2 – 4 applications accepted for 12 – 36-month plans, with awards up to $1 million each (estimated).Workforce Awards: $2 million will be awarded to 10 – 12 applications accepted for 12 – 24-month plans, with awards up to $250,000 each (estimated).

Priority areas include:

Entrepreneur DevelopmentExpansion of STEM EducationAdvanced ManufacturingCybersecurity and IT Industry Workforce DevelopmentAdvanced TechnologyAdvanced Laboratory Space

Additional areas of consideration include, but are not limited to:

Environmental and Energy TechnologyAerospace and DefenseSmart Agriculture and Food TechnologyHealthcare, Life Sciences, and BioinformaticsAutonomous Systems and RoboticsFinTechCreative Industries and DigitalLogistics and Supply Chain Innovation

Maryland is a state of opportunity and potential. The release of this RFA signifies an essential strategic step forward, allowing us to fully embrace the state’s potential,” said Troy LeMaile-Stovall, CEO of TEDCO. “With this fund, we’re excited to build a sustainable and inclusive ecosystem that not only supports entrepreneurial innovation but encourages it.”

For eligibility requirements and to read the full RFA, click here.

Applications for the Equitech Growth Fund are due November 6, 2024, by 5 p.m., and can be submitted here. If you have any questions, please contact equitechgrowth@tedcomd.com.

About TEDCO
TEDCO, the Maryland Technology Development Corporation, enhances economic empowerment growth through the fostering of an inclusive entrepreneurial innovation ecosystem. TEDCO identifies, invests in, and helps grow technology and life science-based companies in Maryland. Learn more at www.tedcomd.com.

Media Contact
Tammi Thomas, Chief Development & Marketing Officer, TEDCO, tthomas@tedcomd.com

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Ampace will Showcase Innovative Energy Storage Solutions at All-Energy Australia 2024, Exploring Pathways for Energy Transition

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MELBOURNE, Australia, Oct. 17, 2024 /PRNewswire/ — The All-Energy Australia Exhibition will take place on October 23-24, 2024, in Melbourne. Ampace will debut, presenting its pioneering energy storage solutions tailored to facilitate Australia’s energy transition (Booth No. WW101).

Challenges and Opportunities in Australia’s Energy Transition

Australia’s energy landscape is experiencing significant transformations due to the pursuit of global carbon neutrality objectives. Consequently, the role of energy storage technology has never been more crucial in overcoming the hurdles associated with increasing volatility of electricity supply and demand. It is precisely in this context that Ampace is stepping into the Australian market with a mission to provide efficient and dependable storage solutions, supporting the nation’s sustainable energy aspirations.

Ampace: A Premier Provider of Green Energy Solutions

Ampace Technology Co., Ltd., as a joint venture of CATL and ATL, providing world class R&D and manufacturing of a complete chain Li ion battery products from “Cell-Battery Pack-System Integration”. With a strong foundation in micro vehicles, high-power products, and energy storage systems, Ampace is dedicated to providing the green energy solutions for users worldwide with “ultimate safety, ultimate reliability, ultimate performance, and ultimate experience”, developing battery products with high energy density, enhanced safety, and long life.

Ampace’s energy storage solutions have already proven their worth in Shenzhen, China, California, USA, and Chile, ensuring a stable power supply while delivering substantial cost savings to users. At the All-Energy exhibition, Ampace will showcase a comprehensive range of ESS products tailored to the Australian market, including commercial and industrial (C&I) solutions, residential energy storage, uninterruptible power supplies (UPS), and portable power solutions.

Empowering Energy Transition, Ampace Moves Forward

Entering the Australian market is a strategic milestone for Ampace’s global ambitions. The company remains steadfast in its user-centric approach, continuously refining product performance and service quality through technological innovation. Ampace is poised to assist Australia in achieving its energy transition and carbon neutrality goals, contributing to the sustainable evolution of the global energy sector.

At the All-Energy Australia Exhibition, Ampace eagerly anticipates collaborating with industry peers to forge pathways for energy transition and collectively propel the global energy sector towards a greener, more sustainable future.

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SOURCE Ampace

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HILTI UNVEILS NEW BRAND CAMPAIGN HIGHLIGHTING THE WORK OF CONSTRUCTION PROS

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The brand celebrates the craftsmanship and kinship at the heart of the construction industry

PLANO, Texas , Oct. 16, 2024 /PRNewswire/ — Hilti North America, a global leader providing innovative tools, technology, software, and services to the commercial construction industry, is debuting a fresh brand campaign that honors the grit and know-how of unsung heroes who take on the most challenging of jobs, day in and day out.

Built on direct experience from working with construction professionals, Hilti’s “Pros Know” campaign digs into what really matters to jobsite workers. The campaign, which has rolled out across social media, radio, search and display ads, recognizes the caliber it takes to push through bad weather, slog through mud, and meet relentless deadlines in harsh conditions and a chaotic environment. The campaign speaks directly to those who endure and never back down, underlining the resilience and determination that define the industry. 

Hilti aims to generate excitement and pride in being part of an industry that shapes the world. The creative approach is based on an understanding and admiration of the construction industry, that experts recognize the pros, and pros see the best in the field. The message spotlights the bonds that are central to the industry and shows why Hilti is a trusted partner that provides certainty in even the most uncertain of conditions—so that contractors can focus on mastering the build.

The “Pros Know” campaign also emphasizes Hilti’s unique boots-on-the-ground approach. The company’s direct sales model enables its team members to work closely with customers. That real-world insight drives Hilti’s innovation and helps the company connect with pros on the jobsite—as a productivity partner who understands the demands and pace of the job. Hilti is committed to making jobsites run more smoothly, safely, and productively, backed by the reliability of its 20-year limited warranty, 2-year wear & tear coverage, and 1-day turnaround on tool repairs.

“Through this campaign, we aim to shine a light on the contributions of construction workers to society,” said Muthu Manohar, Senior Vice President of Marketing and Engineering, Hilti North America. “Hilti honors your hard work and stands by you every step of the way, providing unwavering support to help you be more productive and safer—with a unique offering that goes beyond power tools.”

Hilti’s premium offerings transcend the anchors, firestop, and power tools for which it is most well-known. The company helps to optimize and streamline construction processes from start to finish, from the office to the jobsite.

For more information, visit hilti.com/prosknow.

About Hilti
Hilti is a leading provider of high-quality tools, fastening systems and software-based solutions for the professional user. With over 4,000 highly trained Hilti account managers, engineers, and employees throughout North America, Hilti’s expertise covers the areas of powder-actuated fastening, drilling and demolition, diamond coring and cutting, measuring, firestopping, screw fastening, adhesive and mechanical anchoring, strut and hanger systems, and solutions for tool crib productivity. Adding greater efficiencies to customers’ businesses, Hilti has tools with integrated features for improved worker and jobsite safety, advanced technologies and software for smoother workflows, and services that simplify construction management—ultimately making construction better. Hilti’s North American headquarters are in Plano, Texas. 

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SOURCE Hilti, Inc.

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Riot Announces Third Quarter 2024 Earnings Conference Call

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CASTLE ROCK, Colo., Oct. 16, 2024 /PRNewswire/ — Riot Platforms, Inc. (NASDAQ: RIOT) (“Riot” or “the Company”), an industry leader in vertically integrated Bitcoin (“BTC”) mining, announced today that it has scheduled its third quarter 2024 earnings conference call for Wednesday, October 30, 2024, at 4:30 P.M. EST. During the call, Riot will discuss the results for the quarter ended September 30, 2024.

This conference call will be available through the audio-only webcast, please use this link here to register. Participants who choose to dial into the call in the United States or internationally, please use this link here to register. A replay of the conference call will be available after the call ends, through this link.

About Riot Platforms, Inc.

Riot’s (NASDAQ: RIOT) vision is to be the world’s leading Bitcoin-driven infrastructure platform. Our mission is to positively impact the sectors, networks, and communities that we touch. We believe that the combination of an innovative spirit and strong community partnership allows the Company to achieve best-in-class execution and create successful outcomes.

Riot is a Bitcoin mining and digital infrastructure company focused on a vertically integrated strategy. The Company has Bitcoin mining operations in central Texas and Kentucky, and electrical switchgear engineering and fabrication operations in Denver, Colorado.

For more information, visit www.riotplatforms.com.

Safe Harbor

Statements in this press release that are not historical facts are forward-looking statements that reflect management’s current expectations, assumptions, and estimates of future performance and economic conditions. Such statements rely on the safe harbor provisions of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Words such as “anticipates,” “believes,” “plans,” “expects,” “intends,” “will,” “potential,” “hope,” and similar expressions are intended to identify forward-looking statements. These forward-looking statements may include, but are not limited to, statements about the benefits of acquisitions, including financial and operating results, and the Company’s plans, objectives, expectations, and intentions. Among the risks and uncertainties that could cause actual results to differ from those expressed in forward-looking statements include, but are not limited to: unaudited estimates of Bitcoin production; our future hash rate growth (EH/s); the anticipated benefits, construction schedule, and costs associated with the development of our mining facilities in Texas, Kentucky and elsewhere; our expected schedule of new miner deliveries; the impact of weather events on our operations and results; our ability to successfully deploy new miners; the variance in our mining pool rewards may negatively impact our results of Bitcoin production; megawatt (“MW”) capacity under development; we may not be able to realize the anticipated benefits from immersion cooling; the integration of acquired businesses may not be successful, or such integration may take longer or be more difficult, time-consuming or costly to accomplish than anticipated; failure to otherwise realize anticipated efficiencies and strategic and financial benefits from our acquisitions; and the impact of COVID-19 on us, our customers, or on our suppliers in connection with our estimated timelines. Detailed information regarding the factors identified by the Company’s management which they believe may cause actual results to differ materially from those expressed or implied by such forward-looking statements in this press release may be found in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including the risks, uncertainties and other factors discussed under the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” of the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2023, as amended, and the other filings the Company makes with the SEC, copies of which may be obtained from the SEC’s website, www.sec.gov. All forward-looking statements included in this press release are made only as of the date of this press release, and the Company disclaims any intention or obligation to update or revise any such forward-looking statements to reflect events or circumstances that subsequently occur, or of which the Company hereafter becomes aware, except as required by law. Persons reading this press release are cautioned not to place undue reliance on such forward-looking statements.

Investor Contact:
Phil McPherson
303-794-2000 ext. 110
IR@Riot.Inc

Media Contact:
Alexis Brock
303-794-2000 ext. 118
PR@Riot.Inc

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SOURCE Riot Platforms, Inc.

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