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The Gambling Sector Has Grown Significantly During the COVID-19 Crisis; Here’s Why

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The extraordinary situation in which we find ourselves as a result of the COVID-19 crisis has led to a temporary sale decline in many economic sectors, but has also led to an increases in others. Industries such as pharmaceuticals, food and technology have seen an increase in turnover in recent months.

However, other sectors have also been able to adapt the products and services that they offer to meet the needs of the market. Many businesses have either taken the leap into the online sphere or strengthened their existing resources in this channel in order to lessen the negative effects caused by the pandemic. According to statistics provided by Easy Payment Gateway, the Spanish payment services and fraud management aggregator, their clients saw a 10% growth in transaction processing volume compared to the data from the previous month. This was especially evident within the gambling sector, in which companies have managed to increase their sales during this period thanks to their vast presence on the internet.

Over the past few weeks, Easy Payment Gateway have been able to observe how many of their customers – especially those in the gambling sector – have asked them to manage their expansion into other markets like Latin America, Asia and some African countries. “Offering products or services in other countries requires a wide variety of payment options, so as not to lose sales in any region,” warns Manuel Prieto, CEO of Easy Payment Gateway.

In fact, according to Modularbank data, 83% of UK consumers say that payment technology is a key criterion when making purchases online. In addition, 42% admit that they would abandon a high value transaction if their favourite payment method were not available.

Thanks to the one-of-a-kind technology provided by this Spanish company, it is possible to offer the customer a wide range of payment methods to ensure that their preferred option is available, thus improving their shopping experience which is reflected in increased sales. The Easy Payment Gateway platform offers customers 240 suitable payment methods, of which 190 are alternatives. In addition, they work with 35 bank card processors worldwide, all with a single integration.

“In this extraordinary situation you have to look for solutions that bring in business and help to promote growth, always considering the varying characteristics of each sector. At Easy Payment Gateway, we have a unique, user-friendly payment technology that helps to finalise transactions and facilitates internationalization,” concludes Prieto.

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Nikola Positioned To Accelerate Hydrogen Economy

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Nikola Positioned To Accelerate Hydrogen Economy

Nikola Corporation (NASDAQ: NKLA) has secured an innovative electric rate schedule with Arizona Public Service Company (“APS”) that makes possible the accelerated development of hydrogen-based fueling solutions for the transportation industry.  Nikola is a company dedicated to the advancement of innovative zero-emissions truck solutions and the energy infrastructure required to make this feasible.  By facilitating low-cost production of hydrogen, the Arizona Corporation Commission’s (“ACC”) approval of this rate schedule paves the way for the curtailment of greenhouse gases in the transportation sector, while also providing benefits to key constituents via novel grid-balancing solutions.

Today’s unanimous approval of this agreement by the ACC provides Nikola with a competitive electric rate specifically designed for the production, processing, and dispensing of hydrogen. This will support, among other things, enabling a zero-emission heavy-duty freight corridor along the I-10 freeway between Los Angeles and Phoenix.  

APS’s competitive electric rate will help lead the creation of the hydrogen economy in Arizona.  Nikola estimates that under the rate structure it will be able to deliver hydrogen at market leading prices and within the ranges required for Nikola to offer competitive lease rates for its trucks customers.

The agreement reflects value that results from the curtailment flexibility that Nikola’s hydrogen production facilities are expected to provide to the electrical grid. These facilities will be configured to respond to the needs of the grid, for example by reducing Nikola’s energy consumption from the electric grid during heatwaves. This agreement will encourage Nikola to deploy capital within the state, increase electric load relating to hydrogen production, and further develop and employ a highly skilled and well-educated workforce.

Nikola CEO, Mark Russell, celebrated today’s critical milestone stating: “Nikola values the joint efforts of APS and the ACC to enable competitive electrolytic hydrogen production. The approval of this special rate for hydrogen production is critical for advancing the future of zero-emissions transportation and building a hydrogen economy.”

Nikola President of Energy and Commercial, Pablo Koziner, added, “Through this agreement, Nikola is assured a reliable and competitively priced source of electricity that will allow us to commence the development of hydrogen production facilities to serve the fueling needs of our truck customers.  The agreement sets an important precedent in showcasing that innovative operational solutions can be developed for the economic production of hydrogen that maximize benefits to all stakeholders.”

The approval of this agreement marks an important milestone. Going forward, Nikola will work with APS to finalize site selection and interconnection requirements to establish its first hydrogen production facility in Arizona.

“For decades, hydrogen has been a promising, but elusive, source of clean energy for both the transportation and power sectors.  We simply haven’t done enough to bring hydrogen to the mainstream,” stated Chairwoman Lea Márquez Peterson. “As we begin to enter a new energy economy, however, I want to ensure that we take all steps necessary to promote Arizona’s gradual and innovative move towards decarbonization. By supporting this application, we are doing exactly that.  Let’s make our great state the nation’s epicenter of hydrogen production, processing, and fueling, and let’s have Arizona serve as a model to other states about clean energy innovation.”

ABOUT NIKOLA CORPORATION:­

Nikola Corporation is a designer and manufacturer of zero-emission battery-electric and hydrogen-electric vehicles, electric vehicle drivetrains, vehicle components, energy storage systems, and hydrogen station infrastructure, Nikola is driven to revolutionize the economic and environmental impact of commerce as we know it today. Founded in 2015, Nikola Corporation is headquartered in Phoenix, Arizona.

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Allseated Acquires easyRAUM To Further Expand European Presence

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Allseated Acquires easyRAUM To Further Expand European Presence

Allseated, a global leader in innovative event technology, announced today its acquisition of Dusseldorf based, easyRAUM GmbH to further scale its rapid expansion into the European market. The acquisition broadens Allseated’s market presence, bringing the full power of its event technology platforms to venues, brands, corporates, and planners across Europe.

A long-time leader and serving some of the biggest names in the German speaking market, easyRAUM’s reputation and reach has been second to none. With thousands of users powering large scale events, it has been successfully serving and expanding its customer base for the past fifteen years.

“This is a strategic move for us to further scale our business in Europe by combining easyRAUM’s market presence, amazing team and customer base with Allseated’s cutting-edge technology platform.”  said Yaron Lipshitz, Allseated CEO. “EasyRAUM has been a great partner of ours and we have worked so close together, that the acquisition seems more of a formality at this point. Thanks to our now German team, Allseated is now powering some of the largest venues and brands in the European market with our latest virtual event product exVo, already in use by the local industry” he added.

“We are pleased to open a new chapter with Allseated, for our customers, for the industry, and for our company” said Sabine Reise, Founder and Managing Director of easyRAUM and now Managing Director of Allseated GmbH. “Our many years of industry and market experience as well as the software development know-how complement the agile structures of Allseated perfectly”.

Sandy Hammer, co-founder and CMO of Allseated added: “The partnership with easyRAUM enabled us to short-circuit our expansion in this exciting market and to quickly bring value to some amazing brands. We are thrilled to have the team join our rapidly growing company.”

Financial terms of the transaction are not disclosed.

About Allseated

Allseated is one of the world’s most innovative event technology platform powering hundreds of thousands of events a year. Through a cutting-edge 3D visualization platform including floorplan design tools, venue virtual tours, and revolutionary virtual/hybrid event solution, Allseated is transforming the event industry and leveraging innovation with superior customer service to help clients grow their businesses.

Allseated Acquires easyRAUM To Further Expand European Presence

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

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GameChange Solar Unveils Bifacial Tracker Reflector Technology to Boost Power Production 15-20%

GameChange Solar today announced BifacialReflector™, a patent-pending new technology which dramatically increases power production for the GameChange Solar Genius Tracker™ with bifacial modules. The technology is a highly reflective (.95 albedo), permanent solid surface up to 4m wide, which reflects light from just above ground level to the back of the bifacial modules. This technology is a significant improvement over other ideas since it is not a ground cover which has a limited life and requires constant maintenance. BifacialReflector™ is a self-cleaning, long-term (40-year life) solution. The reflectors can boost the gain by up to an estimated total of 15-20% when using bifacial modules, which is approximately 5-8% extra gain versus other bifacial trackers which do not have BifacialReflector™ technology.

Andrew Worden, CEO of GameChange Solar, stated: “Solar power plant owners globally have been asking for a cost-effective, long life, maintenance-free, high reflectivity (.95 albedo) ground cover to place under trackers with bifacial modules. We are excited to have been able to provide a unique and superior solution, the BifacialReflector™ technology. Our technology has a significant power boost for bifacial modules and has a life of 40 years with no maintenance, making it a meaningful breakthrough for the industry.”

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