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LION ELECTRIC ANNOUNCES FURTHER WORKFORCE REDUCTION IN THE CONTEXT OF ONGOING CCAA PROCEEDINGS

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MONTREAL, Jan. 3, 2025 /CNW/ – The Lion Electric Company (NYSE: LEV) (TSX: LEV) (“Lion” or the “Company”) announced today a reduction of its workforce through temporary layoffs of approximately 150 employees, in both Canada and the United States, across all departments within the organization. Following this workforce reduction, Lion will have approximately 160 employees who will mainly focus on assisting Lion’s customers with the maintenance and servicing of school buses and trucks.

The Company was required to implement this workforce reduction in the context of its ongoing proceedings under the Companies’ Creditors Arrangement Act (“CCAA”) as per the terms and conditions of the debtor-in-possession (DIP) financing provided by the lenders under the Company’s senior revolving credit agreement in connection with such proceedings, in order to fund the sale and investment solicitation process (“SISP”) being conducted in the context of the proceedings as well as the Company’s operations during the restructuring process.

As previously announced, the Superior Court of Quebec (Commercial Division) issued on December 18, 2024 an initial order granting the Company and its subsidiaries protection under the CCAA as well as an order approving a SISP in respect of the Company’s business or assets. Documents relating to the Company’s restructuring process are available on the monitor’s website at https://www.insolvencies.deloitte.ca/en-ca/pages/Lion-Electric-Company.aspx.

ABOUT LION ELECTRIC

Lion Electric is an innovative manufacturer of zero-emission vehicles, including all electric school buses. Lion is a North American leader in electric transportation and designs, builds and assembles many of its vehicles’ components, including chassis, battery packs, truck cabins and bus bodies. 

Always actively seeking new and reliable technologies, Lion vehicles have unique features that are specifically adapted to its users and their everyday needs. Lion believes that transitioning to all-electric vehicles will lead to major improvements in our society, environment and overall quality of life. Lion shares are traded on the New York Stock Exchange and the Toronto Stock Exchange under the symbol LEV.

CAUTION REGARDING FORWARD-LOOKING STATEMENTS

This press release contains “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws and within the meaning of the United States Private Securities Litigation Reform Act of 1995 (collectively, “forward-looking statements”), including statements about Lion’s beliefs and expectations and other statements that are not statements of historical facts. Forward-looking statements may be identified by the use of words such as “believe,” “may,” “will,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “could,” “plan,” “project,” “potential,” “seem,” “seek,” “future,” “target” or other similar expressions and any other statements that predict or indicate future events or trends or that are not statements of historical matters, although not all forward-looking statements may contain such identifying words. The forward-looking statements contained in this press release are based on a number of estimates and assumptions that Lion believes are reasonable when made. Such estimates and assumptions are made by Lion in light of the experience of management and their perception of historical trends, current conditions and expected future developments, as well as other factors believed to be appropriate and reasonable in the circumstances. However, there can be no assurance that such estimates and assumptions will prove to be correct. By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. For additional information on estimates, assumptions, risks and uncertainties underlying certain of the forward-looking statements made in this press release, please consult section 23.0 entitled “Risk Factors” of the Company’s annual management’s discussion and analysis of financial condition and results of operations (MD&A) for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission, including the Company’s interim MD&As. Many of these risks are beyond Lion’s management’s ability to control or predict. All forward-looking statements attributable to Lion or persons acting on its behalf are expressly qualified in their entirety by the cautionary statements contained and risk factors identified in the Company’s annual MD&A for the fiscal year 2023 and in other documents filed with the applicable Canadian regulatory securities authorities and the Securities and Exchange Commission. Because of these risks, uncertainties and assumptions, readers should not place undue reliance on these forward-looking statements. Furthermore, forward-looking statements speak only as of the date they are made. Except as required under applicable securities laws, Lion undertakes no obligation, and expressly disclaims any duty, to update, revise or review any forward-looking information, whether as a result of new information, future events or otherwise.

See section 2.0 of the Company’s interim management’s discussion and analysis for the three and nine months ended September 30, 2024 (the “Interim MD&A”), entitled “Basis of Presentation,” section 15.0 of the Company’s Interim MD&A entitled “Liquidity and Capital Resources,” and note 2 of the Company’s unaudited condensed interim consolidated financial statements as at September 30, 2024 and for the three and nine months ended September 30, 2024 and 2023 which indicate the existence of material uncertainty that may cast significant doubt on the Company’s ability to continue as a going concern.

View original content:https://www.prnewswire.com/news-releases/lion-electric-announces-further-workforce-reduction-in-the-context-of-ongoing-ccaa-proceedings-302342038.html

SOURCE The Lion Electric Co.

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CZUR to Showcase Latest Smart Office Solutions at CES 2025 – Booth 36502, South Hall 2

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January 8, 2025

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Featuring the enhanced StarryHub meeting projector and a sneak peek at the revolutionary ET Max scanner series.

LAS VEGAS, Jan. 8, 2025 /PRNewswire-PRWeb/ — CZUR Tech Co., Ltd., a global leader in smart office solutions, is excited to announce its participation in CES 2025, the world’s most influential tech event. The company will showcase its innovative products at Booth 36502 in South Hall 2, including the upgraded StarryHub meeting projector and a preview of the new ETMax scanner series.

Visitors to the booth will experience the enhanced StarryHub, now upgraded to version 5.1 with support for Android 12. StarryHub combines a high-performance meeting projector and smart collaboration hub, designed to streamline modern conferencing needs. With 1080p resolution, ultra-short throw projection, 5G/Wi-Fi 6 connectivity, and CZUR patented TouchBoard wireless controller, StarryHub simplifies presentations, video conferencing, and wireless sharing, enabling seamless communication for businesses of all sizes. The new version also enhances system compatibility and performance, providing smoother operation and greater reliability.

In addition, CZUR will offer an exclusive preview of its ET Max scanner series, set for launch next month. The ETMax series continues CZUR’s legacy of redefining document scanning with advanced AI algorithms and fast, high-precision scanning capabilities.

“We are thrilled to return to CES and introduce our latest advancements that redefine workplace efficiency and collaboration,” said Emma, Marketing Director at CZUR Tech Co., Ltd. “StarryHub’s latest upgrade and the upcoming ET Max series demonstrate our commitment to developing smart, user-friendly solutions that empower professionals worldwide. We invite everyone to visit our booth and explore the future of office technology.”

CES attendees can interact with CZUR’s new products at Booth 36502 in South Hall 2 and see firsthand how its cutting-edge technologies transform traditional office workflows.

About CZUR Founded in 2013, CZUR Tech Co., Ltd. specializes in patented AI algorithms and smart office equipment. Its portfolio includes AI scanners, AV conferencing solutions, and other innovative technologies designed to improve efficiency and collaboration. With a presence in over 162 countries and more than 1 million satisfied enterprise customers, CZUR continues to lead the way in AI-enhanced solutions.

Media Contact: Emma
Phone: +86-755-2397-4826
Email: marketing@czur.com
Website: http://www.czur.com

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Media Contact

Emma, CZUR TECH CO., LTD, +86-755-2397-4826, marketing@czur.com, https://www.czur.com/ 

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SOURCE CZUR TECH CO., LTD

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New ezW2 2024 Tax Preparation Software Enables QuickBooks Clients To Import Data Quickly

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January 8, 2025

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Clients seeking a tax software that can import QB data now get ezW2 2024 as a new choice. Offering an abundance of comprehensive features, ezW2 2023 simplifies the tax filing process. Interested parties can explore its capabilities with a risk-free trial available at halfpricesoft.com.

REDMOND, Wash., Jan. 8, 2025 /PRNewswire/ — Halfpricesoft.com has just released ezW2 2024 software for the upcoming tax season to include an import feature for QuickBooks clients to import data. This innovative and affordable application is an SSA approved tax preparation software that also accommodates the new IRS regulations on efile thresholds. See import feature information here.

 

The IRS has issued final regulations that reduce the electronic filing threshold from 250 to 10 informational returns (such as Forms W-2 or 1099), beginning January 2024. If businesses file 10 or more informational returns, the forms must be filed electronically unless the IRS grants a waiver or exemption. First time E-filers must have a User ID to efile. W2 Electronic Filing: How to E-File W2 W3 Form to SSA.

“Latest 2024 ezW2 tax preparation software gives QuickBooks clients a better solution to process year-end tax reporting for the 2025 tax season,” said Dr. Ge, Founder of halfpricesoft.com.

With ezW2 2024, businesses can easily print W-2, W-3, 1099-NEC, and 1096 forms. Prices start at $49.00 for the print and mail version. $99.00 for to electronic filing. $139.00 for the network version to share data between offices or computers. Each installation includes unlimited forms for multiple companies at one flat rate.

Potential customers can download this software and test it for compatibility for up to 30 days with no obligation to purchase at halfpricesoft.com. The trial version will print forms with a TRIAL watermark until the license key is purchased and added.

The main features included in the latest version include:

Prints all W2 forms (copy A, B, C, D, 1 and 2) and W3 on white paper. The black and white substitute forms of W2 Copy A and W3 are SSA-approved. No pre-printed forms are needed for SSA copies or recipient copies. – ezW2 can print 1099 NEC recipient copies on white paper. The IRS does not currently certify white paper printing for Copy A so pre-printed forms are needed for only Copy A.ezW2 can print W2 and 1099 recipient copies into digital PDF files and customers can email forms easilyezW2 can generate efile documents that customers can upload to SSA and IRS sitesezW2 saves customers valuable time by importing W2 and 1099 data from csv file – no need for customers to enter the data one by oneezW2 new edition supports unlimited companies, recipients and forms at no extra charge, making it perfect for accountants, tax preparers and multi-business entrepreneurs as well as individual businesses

ezW2 is compatible with Windows 11 systems. It can also run on Windows 10, and 8. Starting at $ 49.00 per installation to print and mail. Download ezW2 softwar e today at halfpricesoft.com. ezW2 Can run on MAC with Apple Bootcamp Application.

Halfpricesoft.com is a leading provider of small to mid-size business software, including online and desktop payroll software, online employee attendance tracking software, accounting software, in-house business and personal check printing software, W2, software, 1099 software, Accounting software, 1095 form software and ezACH direct deposit software. Software from halfpricesoft.com is trusted by customers for over 20 years and will allow US business owners to simplify payroll processing and streamline business management.

View original content to download multimedia:https://www.prnewswire.com/news-releases/new-ezw2-2024-tax-preparation-software-enables-quickbooks-clients-to-import-data-quickly-302339320.html

SOURCE Halfpricesoft.com

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Apple Original Films’ highly anticipated feature “F1,” starring Brad Pitt, and hailing from director Joseph Kosinski and producer Jerry Bruckheimer, wraps production at the Abu Dhabi Grand Prix

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January 8, 2025

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“F1” will premiere globally in theatres in partnership with Warner Bros. Pictures on 27 June 2025

Made in partnership with Formula 1® and produced by seven-time F1 world champion Sir Lewis Hamilton, Jerry Bruckheimer Films and Plan B Entertainment, the highly anticipated film stars Pitt, Damson Idris, Academy Award-nominee Kerry Condon, Academy Award-winner Javier Bardem, and Emmy Award-winner, Golden Globe Award nominee Tobias Menzies, Sarah Niles, Kim Bodnia and Samson Kayo

Wrapping filming on the Yas Marina Circuit, home of the Abu Dhabi Grand Prix, a team of 284 including both Pitt and Damson Idris spent 29 days in total filming in the emirate over three separate occasions, supported by local production partner; Epic Films

ABU DHABI, UAE, Jan. 8, 2025 /PRNewswire/ — As the 2024 Formula 1 racing season has concluded, Apple Original Films today announced that its highly anticipated feature film “F1” has wrapped production at the Abu Dhabi Grand Prix, in partnership with the Creative Media Authority and Abu Dhabi Film Commission. Starring Brad Pitt, and hailing from director Joseph Kosinski, Jerry Bruckheimer Films, Plan B Entertainment, and seven-time Formula 1 world champion Sir Lewis Hamilton’s Dawn Apollo Films banner, “F1” will be distributed in theatres globally and in IMAX® by Warner Bros. Pictures in North America on 27 June 2025 and internationally beginning 25 June 2025. 

Made in collaboration with Formula 1®, “F1” is immersed in the exhilarating and cinematic world of Formula 1, the pinnacle of motorsport. Filmed during actual Grand Prix weekends around the world, the feature stars Brad Pitt as a former driver who returns to Formula 1, alongside Damson Idris as his team mate at APXGP, a fictional team on the grid as they compete against the titans of the sport. The star-studded ensemble cast also includes Academy Award-winner Javier Bardem, Academy Award-nominee Kerry Condon, Emmy Award-winner, Golden Globe Award nominee Tobias Menzies, Sarah Niles, Kim Bodnia and Samson Kayo.

“F1” is directed by Kosinski (“Top Gun: Maverick”), who produces the feature alongside seven-time Formula 1 world champion Sir Lewis Hamilton under his Dawn Apollo Films banner; Jerry Bruckheimer and Chad Oman of Jerry Bruckheimer Films; Pitt, Dede Gardner and Jeremy Kleiner for Plan B Entertainment; and, Kosinski for Monolith Pictures. The film is made in collaboration with Formula 1 and the whole F1 community – including Formula 1 Management, the 10 teams, F1 drivers and the FIA. Academy Award-nominee Ehren Kruger (“Top Gun: Maverick”) wrote the screenplay.

With 29 days of production happening in Abu Dhabi at the world-famous Yas Marina Circuit and Zayed International Airport, cast including Brad Pitt, Damson Idris, Kerry Codon and Javier Bardem and an international production team were supported by a local crew of 284 and the team at Epic Films, 15 young local interns and Abu Dhabi Film Commission under its rebate scheme. “F1” is one of 170 major productions supported by the Abu Dhabi Film Commission since the introduction of the rebate in 2013.

Mohamed Dobay, Acting Director General of Abu Dhabi’s Creative Media Authority commented, “Our collective efforts and wise leadership continue to ensure that we secure such exciting partnerships with leading production teams like Apple Original Films. More recently the third and final shoot in Abu Dhabi garnered international interest as we facilitated extensive production at the 2024 Abu Dhabi Grand Prix which has led to our first partnership with Apple Original Films’ “F1,” among the most hotly anticipated releases of 2025. We look forward to seeing Abu Dhabi’s iconic locations on the big screen and also working with Apple Original Films in the future, with production teams across the world reaping the benefits of a safe and secure working environment and established talent pool alongside financial, logistical and technical  on ground support from Abu Dhabi Film Commission.”  

Sameer Al Jaberi, Head of Abu Dhabi Film Commission said, “We were delighted to be able to support the extensive and varied production programme which saw the international crew and cast visiting the nation on three separate occassions; totalling 29 days of on-ground production. As well as featuring on screen Emirati talent, more than 284 of local crew worked on this production, joining 15 passionate young individuals who took work placements on set, including five Emirati youth as part of our commitment to nurture talent for the creative industries from within.”

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Logo – https://mma.prnewswire.com/media/2535274/Abu_Dhabi_Film_Commission_Logo.jpg 

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