Karma Automotive today announced that it has agreed to collaborate with Blue World Technologies to explore the viability of a fuel cell system to provide primary propulsion power for a variety of future passenger and light commercial vehicles. Fuel cells enable fast refueling and extremely long driving ranges, and with zero harmful emissions provide a green alternative to the internal combustion engine.
Blue World Technology’s fuel cell system will be integrated with Karma Automotive’s electric vehicle architecture and piloted in GS-6 development vehicles for evaluation purposes. Testing and validation will take place in the United States and Denmark over the next few months.
An electric vehicle powered by methanol fuel cells provides the same convenience as fueling an internal combustion engine with gasoline. This technology has a methanol reformer to produce hydrogen on board. Methanol is a hydrogen-carrier commodity fuel already traded world-wide and it can be stored and distributed using the existing infrastructure in many countries around the world. As a green alternative to fossil fuels, methanol can be produced using renewable sources ensuring a CO2 neutral proposition.
“We are investing in these types of powertrain technologies now to prepare for an emission-free world by having various extended-range electrification solutions that include hydrogen, ethanol and methanol fuel cells as a propulsion system,” said Dr. Lance Zhou, Karma’s Chief Executive Officer. “This collaboration brings together Blue World’s strength in fuel cell development and our vast expertise in engineering hybrid propulsion systems and integrating electric vehicle technologies.”
“We are very excited about the collaboration with Karma and see great potential in combining their expertise within hybridization and powertrain solutions with our flexible fuel cell concept that is suitable for both engine bay or skateboard platform integration,” said Mads Friis Jensen, Chief Commercial Officer and Co-founder of Blue World Technologies.
ABOUT KARMA AUTOMOTIVE
Karma Automotive, founded in 2014, is a southern California based producer of luxury electric vehicles. Headquartered in Irvine, California with an assembly plant located in Moreno Valley, Karma sells vehicles via its dealer network comprised of nearly 40 locations in North America, Europe, South America and the Middle East. Karma’s Innovation and Customization Center, which opened in 2019 offers world-class engineering, design, customization, and manufacturing services along with electrification platforms. Karma’s flagship vehicle, the Revero® GT, Green Car Journal’s 2020 Luxury Green Car of the Year™, is an electric vehicle powered by dual electric motors that embodies Karma’s goal of offering leading technology with a luxury experience. Every Karma vehicle is created with unparalleled individual care and craftsmanship.
Alternative meat startup Next Meats Co., Ltd and microalgae biotech company euglena Co., launch "NEXT Euglena Yakiniku EX" containing microalgae
Next Meats Co., LTD, the controlling shareholder of Next Meats Holdings, Inc. (“NXMH”) announced that they had signed a joint product development agreement with euglena Co., a biotech company also from Japan which specializes in cultivating Euglena and Chlorella (types of microalgae) and developing the biofuel business.
It was announced that their first joint product “NEXT Euglena Yakiniku EX” is now available for pre-sale at the official online store of Next Meats (In Japan only).
The companies had signed a joint product development agreement in December 2020, aiming to offer consumers more sustainable diet options and lifestyle choices.
The “NEXT Euglena Yakiniku EX” is a plant-based meat containing 500 mg of Euglena and 500 mg of Chlorella extract. The product, which combines the strengths of both companies, is a plant-based meat packed with protein and a great balance of other vital vitamins and minerals. The Euglena Yakiniku EX, like all other Next Meats products, uses no artificial additives and has no cholesterol because no animal derived materials are used, and has significantly less of an environmental impact than regular meat.
Data & Analytics Startup 9fin Announces Partnership with European Leveraged Finance Association (ELFA)
9fin, the AI-powered data and analytics platform for fixed income, announces its partnership with the European Leveraged Finance Association (ELFA). The partnership will allow ELFA members to benefit from 9fin’s expertise in covenants and related market trends.
ELFA is a trade association for European leveraged finance investors. It aims to create a more transparent, efficient and resilient leveraged finance market by establishing and enhancing industry best practice, promoting transparency and facilitating engagement between market participants.
Steven Hunter, Co-founder and CEO of 9fin commenting on the partnership said: “9fin’s raison d’etre is to bring transparency to the leveraged finance market, so we were delighted when the opportunity arose for us to partner with the ELFA. We believe our technology, data, and analysis can help ELFA members shape a more transparent and better functioning credit market.”
Sabrina, CEO of the ELFA, commented: “9fin’s ability to deliver fast, actionable covenant information to investors will provide significant value to our members, and supports our mission to deepen market engagement on important issues. Its market insights and understanding of the implications of covenants will also be used to complement our educational resources. We look forward to working with them in the coming year to increase transparency for leveraged finance investors.”
Health Carousel Announces Acquisition of MEDPATH
Health Carousel, a premier provider of healthcare staffing and workforce solutions, announced today they are strengthening the power of the Health Carousel Locum Network further with the acquisition of MEDPATH.
MEDPATH, located in Trumbull, CT, was founded in 2012 by Timothy Kouble who will continue to lead the company after the acquisition. MEDPATH will continue to operate under its own brand in Health Carousel’s growing portfolio of locum tenens brands.
MEDPATH is an innovative physician workforce management company that is mission driven to help healthcare organizations improve patient care and save lives. They partner strategically with their clients and bring an ecosystem of powerful physician staffing resources, capabilities, and horsepower designed to get physicians to patients faster – with the goal of containing costs. It has a hyperlocal physician network and strong loyalty with providers who can deploy quickly to provide coverage when needed.
MEDPATH joins a strong family of HCLN brands, including NEXTLocums, Onyx M.D., Lucidity, and Vitruvian Medical, which are expected to become the 10th largest locum tenens company in the country, according to the most recent estimates from Staffing Industry Analysts. This is Health Carousel’s 6th acquisition in the locum tenens space since 2015.
“We are pleased to welcome MEDPATH to our Health Carousel family and are confident that this addition will further increase our track record of service excellence with our customers,” said Bill DeVille, Chief Executive Officer of Health Carousel. “Our healthcare facility partners trust us to solve their staffing problems by delivering high-quality healthcare staff to positively impact their patient care, staff morale, cost of staffing and revenue. The addition of the MEDPATH team and their unique RPO/MSP model will enhance our offerings to clients.”
Health Carousel has a proven track record of helping clients solve their workforce challenges by delivering easier, faster access to a nationwide pool of highly qualified physician and advanced practice providers, demonstrated by winning a 2020 Best in Staffing Client Award for providing superior service to their clients. MEDPATH is dedicated to that same level of partnership with their clients.
“MEDPATH is incredibly excited to become a part of the Health Carousel Locum Network as we continue to build our unique Physician workforce solutions program,” said Tim Kouble, Founder of MEDPATH. “We connected strongly to Health Carousel’s higher purpose of improving patient lives and making healthcare work better. We’re looking forward to advancing our relationships with healthcare organizations across the country to ensure every patient gets access to quality providers when and where they need them.”
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