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AmeriLife Names Michael Tobitsch Executive Vice President and Head of Corporate Development

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today that Michael Tobitsch has been named Executive Vice President and Head of Corporate Development. Reporting to AmeriLife’s Chairman and Chief Executive Officer, Scott R. Perry, Tobitsch will lead the company’s corporate development efforts to source and execute acquisition opportunities, assess their strategic fit, and work closely with AmeriLife’s affiliates and partners to support the company’s growth objectives. In addition, Tobitsch will oversee innovations to the company’s affiliate onboarding processes and ensure the cultural and technical integrations for new partners is efficient and seamless. "For the last seven years, AmeriLife’s Chief Financial Officer Jim Quinn has served as an incredible steward of our corporate development efforts, overseeing a level of growth unsurpassed in AmeriLife’s 50-plus year history,” said Perry. “As our business becomes more complex and Jim’s remit continues to grow, we’re thrilled to welcome Michael and have a leader fully dedicated to AmeriLife’s expansive M&A activities. His experience and innovative approach to partnership development will undoubtedly propel our strategic initiatives forward, enhancing our ability to expand our distribution opportunities and help AmeriLife realize its growth ambitions.” “After 15 terrific years at Marsh McLennan, it’s a privilege to join Scott and the high-performing AmeriLife team to help continue their impressive growth journey,” added Tobitsch. “AmeriLife operates from a position of strength, and I look forward to helping deliver best-in-class products, solutions, and capabilities through a high-impact, programmatic acquisition agenda.” Tobitsch joins AmeriLife from global professional services company Marsh McLennan in New York. As Managing Director of the firm’s Strategy & Corporate Development group, he managed a high-performing team of investment professionals who together deployed more than $1 billion of capital annually into global acquisitions across the insurance and investment management industries. Tobitsch began his career in investment banking with Wells Fargo Securities. Tobitsch received his B.S. from Boston University’s Questrom School of Business. An avid traveler and New York Mets fan, Tobitsch resides in Connecticut with his wife and two young daughters. ### About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as an industry leader in developing, marketing and distributing life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For more than 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers served through a national distribution network of over 300,000 agents and financial professionals and more than 120 marketing organizations and insurance agencies. For more information, visit AmeriLife.com, and follow AmeriLife on Facebook and LinkedIn. Contact Details Media Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

August 13, 2024 09:00 AM Eastern Daylight Time

NAVEX Announces 13th Annual NAVEX Next Risk & Compliance Virtual Conference

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, today announced its thirteenth annual NAVEX Next Risk and Compliance Virtual Conference, scheduled for Thursday, September 19, 2024. One of this year’s keynote sessions will feature Cy Wakeman, a New York Times best-selling author and Global Gurus’ 2023 World’s #1 Leadership Guru, recognized for her reality-based approach to leadership. Backed by over 25 years of unparalleled experience partnering with top brands spanning all industries, Wakeman will deliver a provocative keynote on how an over-emphasis on creating employee engagement can negatively impact company performance. NAVEX Next is one of the largest risk and compliance conferences in the world, attracting over 110,000 professionals since its inception in 2012. It brings together practical guidance and best practices for industry professionals across disciplines and departments including risk management, compliance, legal, human resources/training, audit, IT, privacy, supply chain and procurement. In all, NAVEX Next 2024 features 28 session speakers representing companies such as The Coca-Cola Company, CDL Nuclear Technologies, and CBRE. The prestigious lineup will share their expertise in building ethical cultures, risk mitigation, and smart governance. The agenda features 15 sessions diving into critical challenges and opportunities compliance professionals face today. Sessions include: The EU Regulatory Survival Guide: Your Essential Guide to EU Compliance Behind the Label: Ensuring Human Rights in Your Global Supply Chain AI Governance & Risk Management Compliance Diagnostics in US Healthcare CCO 3.0: How Compliance and Risk Work in Harmony NAVEX Next will end with a keynote session by Alison Taylor, Clinical Associate Professor at NYU Stern School of Business and Executive Director of Ethical Systems, on building ethical cultures. She has spent the past two decades consulting with multinational companies on anti-corruption, human rights, and stakeholder engagement, including as a Senior Advisor at sustainability non-profit BSR, a member of the board at Venture ESG, and a Sustainability Advisor at Zai Lab, KKR, and Pictet Group. The NAVEX Next virtual conference is free of charge and open to anyone interested in expanding their knowledge and enhancing their organization’s risk and compliance programs. It offers a low-pressure environment for attendees to engage with today’s biggest GRC challenges. Click here to register and to access the full agenda and profiles of all scheduled speakers. NAVEX is the recognized leader in risk and compliance management software and services, empowering thousands of customers around the world to manage and mitigate risks with confidence. NAVEX’s mission is to help customers promote ethical, inclusive workplace cultures, protect their brands, and preserve the environment through sustainable business practices. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX +1 617-388-5773 MediaRelations@navex.com Company Website https://navex.com

August 13, 2024 09:00 AM Eastern Daylight Time

Benchmark International Unveils the 2024 Global Real Estate, Lodging & Leisure Industry Report

Benchmark International

Benchmark International is excited to announce the release of its 2024 Global Real Estate, Lodging & Leisure Industry Report. This comprehensive report delivers critical insights into the evolving dynamics and future prospects of the real estate, lodging, and leisure sectors on a global scale. The 2024 Global Real Estate, Lodging & Leisure Industry Report offers an in-depth analysis of the latest trends, investment opportunities, and challenges shaping these industries. As the global economy continues to recover and adapt, this report provides a strategic perspective on the factors influencing market performance and growth. Report Highlights Include: Sector Overview: A detailed examination of the current state of the real estate, lodging, and leisure industries, including market performance, emerging trends, and key drivers of change. Investment Insights: Analysis of recent investment patterns, highlighting notable transactions and providing guidance on where opportunities lie for investors and industry stakeholders. Market Challenges and Opportunities: A review of the primary challenges facing the sectors, such as regulatory changes and market fluctuations, alongside emerging opportunities for growth and innovation. Future Projections: Forecasts and expectations for the coming year, including anticipated trends and potential impacts on the real estate, lodging, and leisure markets. Benchmark International remains dedicated to offering valuable research and analysis to support strategic planning and business development. The release of this report reflects the firm’s commitment to delivering high-quality, actionable intelligence to its clients and partners. For more information and to access the full 2024 Global Real Estate, Lodging & Leisure Industry Report, please visit: https://www.benchmarkintl.com/insights/featured-content/2024-global-real-estate-lodging-leisure-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 13, 2024 09:00 AM Eastern Daylight Time

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‘San Juan Domino Challenge’ Distrito T-Mobile – Thursday, October 17th, 2024

21 Events, Inc.

San Juan, PR — August 13, 2024 — ( NOTICIAS NEWSWIRE ) — The International Domino Federation (IDF) and the National Domino Federation of Puerto Rico (NDFPR), are excited to announce an exhilarating domino challenge set to take place on Thursday, October 17, 2024, at Popular Plaza, located in the DISTRITO T-Mobile in San Juan, Puerto Rico. This highly anticipated challenge promises to be an exciting blend of strategy, skill, and entertainment attended by sports celebrities, Domino Aficionados from the U.S., Dominican Republic and Puerto Rico competing in a heated challenge from 5:00 PM to 11:00 PM, for a share of the $20,000 in prizes and featuring live musical performances, ensuring a memorable experience for all attendees. This spectacular event is being presented by Puerto Rico Convention District Authority (PRCDA), Discover Puerto Rico, Holsum, and Monster Energy. “We are excited to sponsor events that bring entertainment diversity to our Convention District. I am looking forward to welcoming all participants of the San Juan Domino Challenge to our beautiful island and hope they have a memorable experience in Puerto Rico” said Mariela Vallines Fernández, executive director of the Puerto Rico Convention District Authority (PRDCA). “It is an honor to present the San Juan Domino challenge in such a prestigious venue, such as the DISTRITO T-Mobile, in San Juan, Puerto Rico, elevating the game of Dominoes, in association with the International Domino Federation (IDF), the National Domino Federation of Puerto Rico (NDFPR) and the Department of Recreation & Sports in Puerto Rico (DRD)” stated Ralph Paniagua, Event Producer, 21 Events. We invite everyone to join us for an unforgettable evening of competitive play, musical entertainment and community spirit. Domino Aficionados interested in, register at: www.SanJuanDominoChallenge.com About PRCDA Puerto Rico Convention District Authority (PRCDA) is a public corporation created under Law Number 351 of September 2nd of 2000, as amended. Its mission is to develop and operate the Convention District, positioning Puerto Rico as a world-class business, tourism, and entertainment destination. PRCDA’s objectives include efficiently managing prominent venues, revitalizing urban areas, promoting job creation and business opportunities, and acting as a facilitator in partnership with the private sector. About 21 Events 21 Events, a fully integrated Latino marketing firm with 20 years of experience in producing marketing solutions and events in Sports and Entertainment that drive measurable results for our fortune 500 clients seeking true engagement with Latino consumers. About International Domino Federation The International Domino Federation is a leading organization committed to the global promotion and regulation of dominoes as a competitive sport. Working with national federations, the organization aims to elevate the profile of dominoes and support its players worldwide. Through events like the upcoming tournament in Puerto Rico, FID aims to bring together players of all levels for fun, competition, and camaraderie. About FNDPR The National Domino Federation of Puerto Rico (FNDPR) is dedicated to fostering the love and skill of dominoes within Puerto Rico. The federation organizes events, supports local players, and collaborates with international bodies to enhance the sport’s reputation and expand its reach. Contact Details Zaida Colón +1 787-429-2923 colon.zaidapr.com@gmail.com

August 13, 2024 09:00 AM Eastern Daylight Time

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iLearningEngines – Hear From The Chief Architect Of This Applied AI Platform

Benzinga

By Johnny Rice, Benzinga Sanjeev Menon, Chief Architect - AI/ML for iLearningEngines (NASDAQ: AILE), was recently a guest on Benzinga’s All-Access. iLearningEngines is an Applied AI platform for learning & work automation. It reports being one of the fastest-growing technology companies in North America. AI can help revolutionize learning in big and small organizations, and iLearningEngines is proving that. The company has grown with a nearly 50% CAGR over the last 5 years. It says it has done this by consistently delivering a product customers are satisfied with, leading to a retention rate that well exceeds the industry standard. As Chief Architect, Mr. Menon shared his deep insights into how his company’s AI functions and what makes it unique. Learn more here: Featured photo by Christopher Gower on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:55 AM Eastern Daylight Time

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Personalized Learning With AI – This Company Is Delivering Results Globally

Benzinga

By Johnny Rice, Benzinga Roger Hamilton, CEO of Genius Group (AMEX: GNS), was recently a guest on Benzinga’s All-Access. Genius Group is a leading provider of AI-powered, digital-first education solutions that is attempting to disrupt the highly standardized system of traditional education with a personalized, flexible and life-long learning curriculum for the modern student. The company recently announced that it has secured a $22 million ‘Genius Nation’ contract with the Government of the Republic of Kazakhstan, enabling the development of a Sovereign AI in the country. Learn more here: Featured photo by dlxmedia.hu on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:50 AM Eastern Daylight Time

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Deals With Automotive Companies, Top National Security Organization And More: What Aeva Technologies Has Been Up To This Year To Become A Market Leader

Benzinga

By Meg Flippin, Benzinga From trains to trucks, self-driving vehicles and robots will someday rule the world. That’s thanks to companies like Aeva Technologies Inc. (NYSE: AEVA), which are churning out the components that make an autonomous world a reality. Aeva makes LiDAR sensors for use in vehicles, trucks and trains. The sensors act as eyes, providing 3D views of the surroundings. They can also be used in fixed locations to provide monitoring and security. What Aeva says sets it apart from rivals is its Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, which uses a low-power continuous laser beam to measure range and velocity at the same time. Aeva says it unlocks new levels of safety and automation by instantaneously discriminating between static and dynamic points and knowing the precise velocity of dynamic objects. Making Deals That edge isn’t going unnoticed. Aeva’s sensors are increasingly finding their way into the autonomous vehicles and machines of big-name players. After all, they know that for self-driving cars, trucks, buses and trains to be ubiquitous, safety is of the utmost importance. Take Aeva’s recent deal with Daimler Truck AG and Torc Robotics, Inc. for starters. Daimler Truck is using Aeva’s sensors in its Class 8 Freightliner Cascadia autonomous truck platform. Daimler Truck intends to integrate the LiDAR sensors directly into its production process, making it easy for customers to buy autonomous-ready trucks directly from its manufacturing plants. Daimler Truck said it chose Aeva’s LiDAR sensors because of its ability to provide enhanced safety and control. “Daimler Truck is committed to leading the industry’s advancement toward autonomous trucks. Selecting the right LiDAR technology is a crucial strategic decision to safely deploy autonomous trucks on the road,” said Joanna Buttler, Head of Global Autonomous Technology Group at Daimler Truck. “We are convinced that Aeva with its cutting-edge and reliable technology is the right production partner for LiDAR sensors and has the manufacturing capabilities to scale along with us.” Overall in the automotive market, Aeva seems to be gaining momentum with the top ten global original equipment manufactures and expects an RFQ award decision from one of them in 2024. What’s more, the company started a collaboration with another global ten OEM to integrate Aeva’s FMCW Lidar. “In automotive, we have made significant progress on opportunities with multiple global top 10 passenger vehicle OEMs,” said Soroush Salehian, Co-Founder and CEO of Aeva during the company’s second-quarter earnings conference call. “With one top passenger OEM, we continue to expect the award decision later this year and with another top passenger OEM, we began a new collaboration around 4D LiDAR vehicle integration.” Expanding Into New Markets On top of Aeva’s progress in the automotive market, the company is making inroads in new markets. That was on display in late July when Aeva won a deal with a top national defense security organization to supply its 4D LiDAR technology to help protect critical energy infrastructure sites across the United States. Aeva’s sensors are expected to be the primary detection sensors to protect sensitive locations in various facilities, including water entries and exits and perimeter fences. Aeva says it was selected because of its FMCW-based technology. Meanwhile, its deal to produce sensors for Nikon industrial machines to scan objects coming off an assembly line for defects is also making progress, with the company on track for the first industrial precision product with Nikon in the fourth quarter of 2024. Then there’s Aeva’s deal with the sector initiative Digitale Schiene Deutschland. Aeva’s 4D LiDAR technology is being used in the group’s AutomatedTrain project. The AutomatedTrain project, funded by the German Federal Ministry of Economic Affairs and Climate Action with collaboration from ten partners, including Siemens Mobility and Bosch Engineering, aims to create and trial driverless, fully automated passenger trains by 2026. “We continue to achieve key milestones on our production programs with Daimler Truck in auto and Nikon in industrial while also making significant strides on additional automotive opportunities with multiple global top 10 passenger OEMs looking to adopt 4D LiDAR,” said Salehian. “Our increasing list of wins and the significant progress on new opportunities are further indication of the growing demand for our products across a diverse mix of markets and Aeva's leadership position to drive this adoption with our 4D LiDAR technology. Aeva is in the final stages of a number of key opportunities and continues to advance on other engagements across automotive and beyond.” Keep a look out for more Aeva Technologies Inc. announcements here. Featured photo by Samuele Errico Piccarini on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:40 AM Eastern Daylight Time

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VenHub’s Wants To Revolutionize Retail Through Its Fully Autonomous Retail Robots, But Some Have Objections – Here’s Why Consumers May Not Need To Worry

Benzinga

By Anthony Termini, Benzinga VenHub, developer of fully autonomous and robotic plug-and-play Smart Stores that can be delivered, unpacked and merchandised virtually anywhere in the world within a few days, believes that its technology solution will dramatically reshape the retail landscape in the coming years. But can VenHub overcome some potential obstacles to transforming the industry? Objection #1: There Will Be A Greater Chance Of Theft The National Retail Federation says that theft costs retailers more than $100 billion annually. A large portion of that is attributable to shoplifting. These types of losses are especially costly for traditional brick-and-mortar retailers, who typically have very tight operating margins. Furthermore, smash and grabs have also been in the news in recent years. The VenHub solution resolves these two interconnected problems. VenHub modules are designed for security and protection. They are constructed with insulated walls, monitoring systems and bulletproof glass. As such, they are resistant to theft, riots and fires, and each of these attributes leads to reduced operating expenses and expanded margins for the retailer. Objection #2: An Autonomous Store Leads To Job Losses Management consultants, McKinsey & Company note that attrition in retail has always been very high. It notes that employee turnover has been 60% or higher for a long time. According to VenHub, it is especially difficult to find workers to staff 24/7 stores. Many of these retailers must rely on transient workers. Furthermore, VenHub is creating a technology solution, which puts it in a position to continuously expand its team of highly skilled workers. As with each previous evolution of any industry, VenHub says that more jobs get created than eliminated. In most cases, the wages new industries create are higher than what individuals may have made previously. The net effect is that VenHub will create more high-paying jobs than the number of low-wage jobs that might be displaced. Objection #3: The Technology Is Too New And Consumers Won’t Adapt A similar sentiment was expressed at the advent of eCommerce. The U.S. Federal Reserve notes that online sales accounted for 0.6% of all retail transactions in America at the end of 1999. Today online sales represent about 16% of retail purchases, totaling more than $289 billion. People often say that convenience and avoiding crowds draw them to purchase online. The VenHub Smart Store delivers these same benefits. Objection #4: People Aren’t Ready For A Fully Autonomous Experience Research from tax and accounting consultants Deloitte suggests that retailers need to leverage new markets, explore new business models and change the mechanics of the way they do things. It says that demand-driven retail requires product offerings that are specifically designed and targeted for various consumer groups. VenHub offers retailers complete discretion on how to merchandise their Smart Stores, so they can be tailored to satisfy the specific demands of a local or neighborhood market. Richard Kestenbaum, a partner at investment banking firm Triangle Capital, says that the future of retail will be hybrid channels that include the strengths of both physical and digital retail. This is exactly what the app-based VenHub Smart Store delivers to consumers. Objection #5: A Fully Autonomous Store Won’t Work In Rural Communities According to the U.S. Department of Agriculture (USDA), communities with populations between 2,500 and 20,000 have witnessed a significant decrease in the number of grocery stores since 1990. They have been replaced mostly by convenience stores. The USDA also points out that some 80% of Americans must drive five miles or more to reach the closest grocer. VenHub can help resolve both issues. Smart Stores can be located closer to shoppers, even in remote communities, because they can be solar-powered. In addition, a Smart Store’s merchandise can be tailored to the local community instead of stocked with what a national chain believes should be on the shelves. VenHub: The Company Looking To Revolutionize Retail To date, more than 800 VenHub Smart Stores have been pre-ordered globally. The stores use an app-based ordering system that makes items available to consumers 24/7. Using artificial intelligence and smart inventory management systems, the stores generate revenue around the clock. The prefab VenHub Smart Store is an expandable 800-square-foot plug-and-play storefront technology that can be delivered, unpacked and installed in just a few days. VenHub is on the path to issuing shares to the public in a Regulation CF offering. Issuance Express is facilitating the distribution. Investors interested in this company’s shares may still have an opportunity to invest, but only until August 21st. The offering is highlighted on the Issuance Express portal. Featured photo of Choctaw Bluff Alabama General Store from Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:35 AM Eastern Daylight Time

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What Do Electric Vehicles, Energy Storage Systems And Electric Aircraft Have In Common? The Argument For Lithium's Long-Term Value

Benzinga

By Mangeet Kaur Bouns, Benzinga As the world increasingly shifts toward greener and more sustainable energy sources, the demand for lithium is expected to grow in the coming years. This commodity underpins key advancements across three pivotal sectors: electric vehicles (EVs), energy storage systems and electric aircraft. While lithium has faced short-term weaknesses and price fluctuations due to broad market factors, it is believed to still hold long-term value, and companies like Atlas Lithium Corporation (NASDAQ: ATLX) are strategically positioning themselves to capitalize on this growing demand. Lithium's Role In Electric Vehicles Electric vehicles are part of the global transition to sustainable transportation. A key part of this shift is lithium-ion battery technology, renowned for its high energy density, long lifespan and relatively low cost. These attributes make lithium-ion batteries ideal for automotive applications, aligning well with global goals to achieve net-zero emissions by 2050. According to Dimension Market Research, the lithium-ion battery market is projected to reach $470.50 billion by 2033, expanding at a CAGR of 21% from an estimated $84.3 billion in 2024. This surge is expected to be driven by the worldwide adoption of EVs. The adoption of EVs is accelerating globally, spurred by some supportive government policies and incentives. Countries like Norway have set ambitious goals, such as banning the sale of new internal combustion engine vehicles by 2025. In the U.S., California wants all new passenger vehicles and light-duty trucks sold to be zero-emission by 2035. These regulations create a fertile ground for the lithium market to expand, with lithium-ion batteries being a cornerstone of EV technology. Energy Storage Systems: A Renewable Energy Solution Lithium-ion batteries are also critical for renewable energy storage, providing a potential solution to the intermittency of wind and solar energy. Utilities globally are investing heavily in lithium-ion battery systems to store vast amounts of energy, ranging from 100 to 800 megawatts (MW). For instance, the Moss Landing energy storage facility in California, one of the world's largest lithium-ion battery systems, has a capacity of 750 MW/3,000 MWh. As countries transition to renewable energy sources, the ability to store and manage energy becomes crucial. Lithium-ion batteries provide the needed flexibility and reliability, allowing for the stabilization of power grids and the optimization of energy use. The falling cost of lithium-ion batteries, coupled with their ability to store increasing amounts of energy, makes them a cornerstone of many renewable energy strategies. Governments worldwide are recognizing the need for robust energy storage solutions. The European Union, for example, has set ambitious targets for energy storage capacity to ensure energy security and grid stability. Similar initiatives are underway in the U.S. and Asia, where large-scale energy storage projects are being implemented. This global trend underscores the role of lithium-ion batteries in achieving sustainable energy goals. Electric Aircraft: The Future Of Aviation The aviation industry is exploring lithium-ion battery technology as a game-changer for electric aircraft. As this sector evolves, lithium-ion batteries seem poised to provide the power needed for longer flights and more efficient operations. Although still in the early stages, advancements in lithium battery technology are critical for overcoming the challenges of electric aviation, such as weight and energy density. Companies like Joby Aviation and Lilium are pioneering electric vertical takeoff and landing (eVTOL) aircraft, which aim to transform urban air mobility. These eVTOL aircraft, powered by lithium-ion batteries, promise to reduce traffic congestion and lower carbon emissions associated with traditional air travel. While regulatory hurdles and technical challenges remain, the successful deployment of eVTOLs could significantly boost lithium demand. Short-Term Weakness Vs. Long-Term Potential In recent years, lithium prices have been highly volatile, peaking dramatically before falling sharply. Factors such as speculative trading, shifting demand projections and supply-demand imbalances have driven this fluctuation. For example, lithium prices soared from around $12,000 per metric ton in 2019 to $46,000 per metric ton in 2023. China's dominance in lithium processing — accounting for about two-thirds of the global supply — impacts the supply chain. Geopolitical tensions and trade restrictions exacerbate these issues, as seen with U.S. legislation excluding companies that are Foreign Entities of Concern (FEOCs) from receiving tax credits for EV investments. Additionally, the environmental impact of lithium mining and the slow pace of regulatory approvals for new mines complicate the growth of domestic production. Despite these challenges, lithium's long-term potential across EVs, energy storage systems and electric aircraft seems robust. Governments worldwide are setting ambitious targets for zero carbon emissions, and automakers are ramping up EV production. How Atlas Lithium Is Positioning Itself For Long-Term Growth Atlas Lithium is strategically positioning itself to meet the growing demand for lithium. With one of the largest exploration projects in Brazil, the company seems poised to capitalize on this need. Atlas Lithium has more than doubled its exploration portfolio in Brazil to approximately 539 km² (nearly 133,294 acres), including new claims in the Doce River and Mucuri Valleys, which are emerging as promising lithium jurisdictions. In addition to expanding its exploration footprint, Atlas Lithium says it is investing in advanced technologies and sustainable mining practices to enhance its production capabilities. These efforts, it says, aim to increase output and to mitigate the environmental impact of lithium extraction. Lithium's role in powering electric vehicles, enabling energy storage systems and supporting the development of electric aircraft underscores its critical importance in the transition to a more sustainable future, and the recent sell-off may have made the prices of stocks and commodities like lithium more attractive for interested investors. Leveraging substantial exploration activities and an established resource base, Atlas Lithium could be poised to benefit from rising global demand. Featured photo by Priscilla Du Preez 🇨🇦 on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 13, 2024 08:30 AM Eastern Daylight Time

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