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Canada Invests in Nova Scotia’s Local Mass Timber Industry

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EAST HANTS, NS, March 20, 2025 /CNW/ – Clean technologies play a large and growing role in Canada’s forest sector. By increasing the efficiency of forest sector technologies, we can grow Canada’s economy at a critical time — without growing emissions from the manufacturing sector. Developing and deploying new clean technologies and solutions helps to assert Canadian economic autonomy, while fighting climate change and creating good new jobs.

Today, the Honourable Kody Blois, Minister of Agriculture and Agri-Food and Rural Economic Development, announced federal funding for MTC Mass Timber Company (MTC) to support its move to technology-driven manufacturing that will create high-value mass timber products in Nova Scotia.

Through an investment of $500,000, MTC will advance the detailed design of Canada’s first large-scale, clear-span mass timber manufacturing structure that would house a new industrial plant. Once constructed, MTC will be Canada’s first vertically integrated mass timber manufacturer in Atlantic Canada, allowing further growth of the region’s offsite building construction sector and improving access to housing for Nova Scotians.

MTC was also conditionally approved for $10 million in federal support, subject to the required due diligence measures, and the negotiation of a final agreement by both parties, to:

Work with local forest sector partners and First Nations to integrate their operations into a high-specification manufacturing business.Use technology-driven manufacturing to open a facility that can use eastern spruce — currently undervalued in the lumber industry — to create high-value products such as cross-laminated timber (CLT) panels and glue-laminated beams and columns.Diversify their product lines by maximizing the value of wood fibre products, which will contribute to the local economy by increasing income per unit and growing operations.

Ultimately, this project would add value to the lumber products produced by the company in Nova Scotia, using next-generation technology to strengthen the forest sector in the province. The project would also create 124 new local jobs while opening new economic avenues for the use of locally grown eastern spruce lumber in manufacturing.

The Government of Canada will always stand up for Canadians and Canadian industry, and that very much includes the forest sector. The project announced today will support leadership, innovation and sustainable practices in the forest sector while creating significant economic and environmental benefits for Nova Scotians and Canadians.

Quotes

“Through our Green Construction through Wood and Investment in Forest Industry Transformation programs, we are continuing to support Canada’s forest sector to implement innovative technologies that increase efficiency and capacity, lower emissions and create good, sustainable jobs. Today’s investments are excellent examples of how we can continue to reduce emissions while helping to ensure the long-term sustainability of the lumber industry in Nova Scotia.”

The Honourable Jonathan Wilkinson
Minister of Energy and Natural Resources

“We’re blessed with some incredible natural resources here in Nova Scotia, and our forestry sector is certainly no exception. By investing in Canadian companies, like MTC Mass Timber Company, and helping to create more Canadian products, we’re setting our country — and our local economies in places like East Hants — up for success.”

The Honourable Kody Blois
Minister of Agriculture and Agri-Food and Rural Economic Development, and Member of Parliament for King–Hants

“Establishing mass timber manufacturing in Nova Scotia will complete Canada’s nationwide mass timber supply chain. The Mass Timber Company (MTC) will be one of the world’s most advanced manufacturing facilities, producing cross-laminated timber and high-strength glue-laminated timber. By adding 2.5 million square feet of annual construction capacity, MTC will help meet the growing demand for low-carbon building solutions, from homes to healthcare facilities. At the same time, it will create a true circular economic solution — maximizing the value of our forests from tree to city.”

Patrick Crabbe
President and CEO, Mass Timber Company

Quick Facts

Canada’s forest sector provides sustainable jobs for nearly 200,000 Canadians, including over 11,000 Indigenous people.Canada’s forest sector produces many products essential to the lives of everyday people, such as lumber for housing and pulp for paper products. Moreover, the sector is constantly innovating to meet the demands of our ever-changing world. This includes:the adoption of new, low-carbon technologies;the production of non-traditional building materials for modular and affordable housing;biochemicals that can be used to produce pharmaceuticals, biodegradable plastics and personal care products.Funding for the initiatives announced today is provided through Natural Resources Canada’s Green Construction through Wood (GCWood) and Investment in Forest Industry Transformation (IFIT) programs.GCWood encourages the use of innovative wood-based building technologies in construction projects. This program helps advance Canada’s long-term priorities regarding greenhouse gas (GHG) emissions reduction. Since its creation in 2017, the program has successfully funded 16 demonstration projects to de-risk and support the greater adoption and commercialization of wood-based products in the construction of tall and low-rise wood buildings and timber bridges. As of March 2023, the program has funded four tall wood building projects, 10 low-rise non-residential building projects and two timber bridge projects.IFIT aims to create a more-competitive, resilient and sustainable forest sector by facilitating the production of value-added products and the adoption of transformative technologies that contribute to improving productivity and the decarbonization of industrial processes. Since its creation in 2010, the IFIT program has invested over $378 million in 95 projects across Canada, which support Canada’s forest sector competitiveness and environmental performance.

Associated Links

Green Construction through Wood (GCWood) ProgramInvestments in Forest Industry Transformation (IFIT) ProgramForest Innovation ProgramCanadian Wood Fibre CentreSustainable Jobs Plan

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SOURCE Natural Resources Canada

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Prowler Closes $12.5 million Seed Financing To Drive The Future of Open Cloud Security

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Decibel leads $6.5 million seed-extension, enabling Prowler to bring comprehensive multi-cloud support to market

SAN FRANCISCO, April 2, 2025 /PRNewswire-PRWeb/ — Prowler, a leader in open cloud security, today announced an additional $6.5 million investment in its seed round, taking its total seed financing to $12.5 million, led by Decibel VC. The company will use the funds to advance product innovation, redefining cloud security to be more open, adaptable and community-focused. SNR and IrregEx joined the round, as well as a handful of prominent angel investors.

Cloud security is a top priority in modern infrastructure as rising breaches and evolving threats are making these environments increasingly complex. In fact, 83% of organizations see cloud security as a major concern – and one they are likely to solve with open source security measures as 95% of IT leaders consider open-source tools essential for robust infrastructure protection. This is why Prowler has grown so rapidly, becoming a trusted solution for security teams worldwide by providing powerful, open-source tools to help organizations secure their cloud environments more effectively.

Toni de la Fuente, founder and CEO of Prowler, said:
“This funding is a significant milestone for Prowler and the open cloud security movement. We are committed to ushering in the open cloud security paradigm that will make safeguarding the digital future a reality. As cloud environments become more complex, organizations need flexible solutions that evolve with the threat landscape and without vendor lock-in. With this investment, we will continue to push the boundaries of what’s possible in cloud security, making it more accessible, adaptable and community-focused for everyone.”

Alongside this funding announcement, Prowler recently unveiled its most comprehensive release yet, Prowler 5 at AWS re:Invent, allowing users to perform unified security assessments across multiple cloud platforms seamlessly and continuously. Since then, the company has continued to build on this momentum with the release of Prowler 5.4, further expanding capabilities and reinforcing the ability to rapidly deliver cutting-edge security innovations. Additionally, Prowler will host the inaugural Open Cloud Security Conference virtually on Tuesday, April 8, bringing together industry practitioners and open source leaders to discuss the future of cloud security.

Jon Sakoda, Partner at Decibel VC, said:
“Prowler is at the forefront of open cloud security, setting the standard for transparency and programmability in an increasingly complex landscape. Our investment shows our confidence in the team’s vision and ability to lead our industry towards a community-driven autonomous defense that is powered by advancements in AI. As threats continue to evolve, Prowler is uniquely positioned and we’re excited to support their journey.”
With this latest funding, Prowler is poised to accelerate growth, further expanding its platform capabilities and reinforcing its position as a leader in open cloud security.
About Prowler
Incorporated in 2023, Prowler has evolved from a command-line auditing tool into a comprehensive multi-cloud security platform trusted by organizations worldwide. As an open-source project with more than 10 million downloads, 10,000 GitHub Stars and 300 active contributors, Prowler is dedicated to providing accessible and powerful security solutions that help organizations safeguard their cloud environments across AWS, Azure, GCP, and Kubernetes. Trusted by teams at AWS, Salesforce, Tesla, Okta and Redhat, Prowler is the de facto open cloud security standard. With a global team spread across Spain, the US, and the UK, Prowler continues to innovate and respond to the evolving needs of the cloud security community. Learn more at http://www.prowler.com.

Media Contact

Collyn Burke, Kickstand Communications, 512-934-1292, prowler@meetkickstand.com, https://prowler.com/

View original content to download multimedia:https://www.prweb.com/releases/prowler-closes-12-5-million-seed-financing-to-drive-the-future-of-open-cloud-security-302418052.html

SOURCE Kickstand Communications

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Northwind Climate Secures $1 Million in Pre-Seed Funding to Deliver Proprietary Business Intelligence for the Climate Economy

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BOSTON, April 2, 2025 /PRNewswire/ — Northwind Climate, a data platform and SaaS tool provider for the climate economy, announced the successful closure of its $1.05 million pre-seed funding round. The round included investments from climate leader Tom Steyer, former Massachusetts Governor Deval Patrick and Alexander Hoffmann of Susty Ventures, among others. The new funds will accelerate the company’s development of data and AI tools to help companies maximize their return on climate tech and sustainability investments.

While many companies are under pressure to show a better rate of return on their climate tech and sustainability investments, current internal and external solutions to this problem remain costly and inefficient. To address this need, Northwind Climate’s data platform and SaaS tools deliver proprietary, cost-effective and scalable consumer data, lead generation tools and predictive models, helping companies move products from early adoption to mass market, build brand loyalty, find new consumers and generate new revenue.

“For companies in many industries, the investments they’ve made in sustainability and climate are untapped corporate assets that, if used effectively, can deliver new customers, new market opportunities and new revenue,” said Doug Rubin, founder and CEO of Northwind Climate. “To help companies maximize these investments, Northwind Climate provides users with data and tools to target untapped markets, boost brand loyalty and bolster their bottom line. We are thrilled to have the support of such esteemed investors who share our vision for democratized business intelligence that empowers companies to scale sustainability solutions quicker and more profitably.”

“As costs drop and technology improves, the last frontier in the climate crisis remains successful communications and targeting strategies that help scale and earn long-term value,” said Tom Steyer, co-executive chair of Galvanize Climate Solutions. “Northwind Climate is an exciting platform that can provide businesses with the tools they need to leverage their work across consumer demographics, expand markets and ultimately accelerate the climate solutions we so critically need.”

“In both existing and new markets, businesses need solid commercial intelligence and deeper consumer insights to operate effectively in the area of sustainability,” said former Massachusetts Governor Deval Patrick, member of the Northwind Climate Board of Advisors. “Northwind Climate serves that need.”

With a deep background in political campaigns and commercial marketing, the Northwind Climate team has spent decades using data analytics to forge successful communications for corporations like Coca-Cola, Uber and Disney, for presidential and gubernatorial campaigns, and for trade and industry organizations. The team includes former climate officials from the Obama White House, federal and state government; senior climate technology and investment executives; as well as experienced climate communication and policy experts. They work closely with nationally recognized pollster partners and data analytics experts to bring actionable insights to users through their data platform and SaaS tools.

Northwind Climate launched its first suite of products in late 2024, catering to corporate, nonprofit and trade group clients. Northwind Climate’s proprietary data platform provides continually updated research alongside data-backed communications insights that enable companies to better market their climate actions and products, increase revenue and strengthen their brand. For more information, visit www.northwindclimate.com.

About Northwind Climate
A data platform and SaaS tool provider for the climate economy, Northwind Climate provides continually updated research alongside data-backed communications insights that enable companies to better market their climate actions and products, increase revenue and strengthen their brand. We analyze diverse segments of the American population to understand how they can be motivated to adopt sustainable behaviors or products. Backed by our own cutting-edge research and proprietary modeling, Northwind Climate streamlines the market research process and delivers public opinion data and predictive models in a cost-effective and scalable way. For more information, visit northwindclimate.com.

Business Contact
info@northwindclimate.com 

Media Contact
Chris Allieri
chris@mulberryandastor.com 

View original content to download multimedia:https://www.prnewswire.com/news-releases/northwind-climate-secures-1-million-in-pre-seed-funding-to-deliver-proprietary-business-intelligence-for-the-climate-economy-302417616.html

SOURCE Northwind Climate

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TradingBlock Launches New Learning Hub for Market and Options Education

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Comprehensive library helps self-directed traders keep pace with changing market conditions

CHICAGO, April 2, 2025 /PRNewswire/ — Online broker TradingBlock today launched the TradingBlock Learning Hub, a growing library of educational resources for engaged investors and options-curious traders who want to learn how to use options effectively.

Built by industry veterans who simplify complex options strategies and concepts into easy-to-understand lessons for individual traders, TradingBlock Learning Hub uses videos, articles, and virtual trading to teach everything from basic options terms to advanced calculators. Traders can also learn how to apply strategies for price speculation, income generation, and portfolio risk management.

“For self-directed investors and traders, learning never stops as market conditions and needs are always evolving,” said TradingBlock President and CEO Jere Wickert. “Our Learning Hub features content based on how you prefer to learn, whether through video, articles, or practical application using our virtual trading platform. We’re continually adding fresh, authoritative content that breaks down complex topics to help you feel less overwhelmed and more confident in your decision-making.”

Available resources include:

A growing library of more than 60 videos covering basic market to advanced trading strategies.An in-depth blog with thorough articles on the risks and rewards of various trading strategies, insights into options analytics, and tools for calculating theoretical outcomes.Virtual Trading via a fully-featured version of our live trading dashboard and a virtual trading account so you can test new ideas before placing real money at risk.TradingBlock TV, a YouTube channel with long and short-form versions of our video content covering everything from investing basics to advanced options strategies.An Option Greeks Guide that teaches how delta, gamma, theta, rho, and vega impact your options trades.Option Calculators that allow traders to see how options trading strategies perform over different timelines and market conditions, helping them make more informed decisions.

“Most options education is fragmented, unorganized, and often written by those without firsthand experience in derivatives,” said TradingBlock Vice President of Market Strategy Mike Martin. “We take a holistic approach to options education to help traders keep pace with ever-changing market conditions.”

The launch of TradingBlock Learning Hub follows the recent release of TradingBlock’s fully customizable trading dashboard and mobile app, which deliver professional-grade trading tools to retail investors. The platform allows traders of all levels to tailor their trading experience as their needs change or become more sophisticated over time.

TradingBlock Learning Hub is available at https://tradingblock.com/learn.

About TradingBlock
TradingBlock is a FINRA-member broker-dealer and comprehensive trading technology platform and brokerage solutions provider launched in 2003 and headquartered in Chicago. Made for the way you trade, TradingBlock offers highly customizable trading tools across three lines of business serving sophisticated individual traders, small institutions, hedge funds and asset managers, and independent RIA firms. When it comes to building, implementing, and supporting custom trading technology, TradingBlock provides customers with a top-tier brokerage team that can meet their unique and evolving demands, through a platform that seamlessly integrates options trading. TradingBlock is a member of FINRASIPC and NFA. For more information, visit tradingblock.com.

Media Contact
Brandon Blackwell
Haven Tower
bblackwell@haventower.com
424-317-4868

View original content:https://www.prnewswire.com/news-releases/tradingblock-launches-new-learning-hub-for-market-and-options-education-302414074.html

SOURCE TradingBlock

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