Spatial Arbitrage – Louth Online Sat, 12 Jun 2021 01:30:09 +0000 en-US hourly 1 Spatial Arbitrage – Louth Online 32 32 Leak Detectives Use Victorian ‘Stick’ to Save 900 Million Liters of Water Envirotech Online Thu, 20 May 2021 13:07:57 +0000

A team of leak detectives have located and sealed more than 18,000 hidden pipe leaks in the Northwest over the past 12 months – using a device that has been in use since the Victorian era.

The 140-person United Utilities team saved an average of 900 million liters of water – the equivalent of 360 Olympic-size swimming pools – by using wooden “listening sticks”.

The long wooden sticks with a trumpet-style end vibrate when a leak is detected, producing a distinctive sound. They have been in use for over 100 years and are still a staple for modern leak engineers.

Many of the more unnecessary leaks are underground and hidden, forcing the team to rely on good hearing, old-fashioned know-how, and the latest digital technology to find them.

Digital sensors and remote-controlled pressure monitoring equipment are also used to turn the tide on hidden leaks.

Many leaks are detected late at night, when reducing traffic noise makes it easier to hear the sound of escaping water.

Hannah Wardle, United public services The leak manager said: “We have spotted and stopped thousands of leaks over the past 12 months, using a combination of proven old-fashioned techniques and cutting-edge technology.

“These leaks are often hidden under the streets, without any visual sign that the water is wasted. We track a lot of them at night, when it’s easier to hear the water leaking out.

“We encourage our customers to save water around the house because it makes good economic and environmental sense. Our nightly battle against hidden leaks is a way to keep our own house tidy. “

Members of the public who spot leaks on the road or sidewalk can report them to United Utilities by filling out a leak form on the company’s website – – or by calling 0800 330033.

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Telecom goes beyond connectivity, nearly 25% of revenue will come from new business models in the coming years, Telecom News, ET Telecom Tue, 18 May 2021 02:29:00 +0000

New Delhi: As May 17 is celebrated as World Telecommunications Day, it wouldn’t be wrong to say that telecommunications and information technology have been one of the pillars on which the world has been able to navigate the pandemic of Covid.

In recent years, telecommunications has clearly gone beyond providing person-to-person connectivity, in addition to successfully adding layers around it to contribute in a more meaningful way.

Today, public health companies are leveraging emerging technologies such as artificial intelligence, machine learning, and geographic information system to help government and health agencies manage and monitor the spread of the virus. .

Gaurav Vasu, Founder and CEO of UnearthInsights, a consulting firm for businesses on technology and people issues, says: “The telecommunications industry’s contribution to the pandemic has been monumental where the telecommunications operator has created IoT and sensor-based tracking technology for immunization companies for digital tracking of vaccine supply chains in real time. Companies also connected citizens with verified supplies of drugs, oxygen, plasma, etc. and also allowed the reservation of vaccination slots. ”

Experts believe that the efforts of major telecom players not only helped the government and citizens during the Covid era, but also helped them test the possibility of creating content, AI / IoT devices, and solutions for them. business for the future, which should generate 15% to 25%. % revenue over next 5 years from pools beyond connectivity in content, enterprise solutions and AI / IoT devices.

While enabling the ecosystem for society during the pandemic, telecom companies have also invested in their operations to strengthen their capabilities to deliver for the future.

Amit Marwah, Head of Marketing and General Affairs, Nokia India, says: “There has been a paradigm shift in the way companies are embracing digital technology in verticals, thanks to technologies such as IoT, automation, AI / ML and the cloud.We implemented private the Nokia factory in Chennai, which saw reduced working time and improved efficiency with 86 percent of reduction in lead times and savings of 31,000 man-hours.

Today, many large companies are looking to take advantage of Industry 4.0 because it gives them a competitive advantage and a smooth path to move towards 5G to meet the most difficult use cases as they grow. occur. “

With the recently announced 5G trials, India is guaranteed to be on the 5G card soon. It will be another leap forward for telecommunications to move above fair connectivity, be more efficient and play a bigger and meaningful role in society.

5G requires a more strategically placed tower infrastructure. This opens up the market for advanced spatial analysis tools. ”

Agendra Kumar, Managing Director of Esri India, predicts that geospatial infrastructure will emerge as the backbone of this transformation in the telecommunications industry, driving key decisions such as where to build, expand and upgrade the ‘network infrastructure, where new revenue opportunities are found or identify unreached areas for digital inclusion. .

He says, “As we prepare for the next generation of 5G and FTTx services, the role of the Geographic Information System (GIS) becomes even more critical in maximizing the value of the communications network for businesses, communities and the community. society.”

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HPS Home Power Solutions joins the European Clean Hydrogen Alliance Mon, 17 May 2021 08:00:01 +0000

DGAP-News: HPS Home Power Solutions GmbH / Keyword (s): Miscellaneous
17.05.2021 / 10:00
The issuer is solely responsible for the content of this advertisement.

HPS Home Power Solutions joins the European Clean Hydrogen Alliance

Berlin, May 17, 2021: Berlin-based HPS Home Power Solutions, supplier of picea, the world’s first home hydrogen solar power plant for completely independent use of carbon-free electricity, today announced its membership in the European Clean Hydrogen Alliance. The Alliance was created by the European Commission and is the main European initiative for a sustainable hydrogen economy. It currently has more than 1,000 members, from companies, associations, local communities, NGOs and research and financial institutions. The Alliance is expected to play a crucial role in the implementation of the measures and the investment program of the new European hydrogen strategy. It is estimated that around 430 billion euros will be invested in green hydrogen by 2030.[1]

Zeyad Abul-Ella, Co-Founder and Managing Director of HPS Home Power Solutions, commented: “Green hydrogen will make a significant contribution to the transformation of Europe’s energy supply and therefore to the desired decarbonisation of many daily processes on our continent. We are delighted to be part of this group of well-known companies looking to contribute. We also view our membership in the Alliance as recognition of our technological innovation in the development of the picea system. Our membership will advance our networking capacity in the industry and provide us with technologically and commercially valuable contacts. “

The European Hydrogen Alliance is the most important and the most important part of the European hydrogen strategy. Its objective is to develop electrolysis capacities of up to 6,000 MW in Europe by 2024 and at least 40,000 MW by 2030. The objective of the European Commission is to achieve carbon neutrality in Europe by 2050.

About Picea

picea is the world’s first hydrogen-based electricity storage system for one and two-family homes. Surplus energy made on sunny days from a photovoltaic system is stored as green hydrogen to make electricity and heat available during the dark season. picea provides full carbon-free power supply all year round and also lowers heating costs. A picea system avoids approx. 3 tons of CO2 per year, binding as much CO2 like 130 mature spruce trees. The Picea system has won several prestigious awards, including the Handelsblatt Energy Award 2021.

About HPS Home Power Solutions

HPS develops and produces integrated systems for the storage and use of solar energy for one and two-family homes. The Berlin-based company was founded in 2014 by Zeyad Abul-Ella and Dr Henrik Colell and stands for reliability, independence and sustainability in decentralized energy supply. picea, the first system developed by HPS in the world, combines electricity storage, heating assistance and residential ventilation in one compact product. For more information, please visit:

Contact HPS Home Power Solutions GmbH:

Melanie Glitz (Marketing Manager)
Phone: +49 30235914701

Media contact:

MC Services AG
Julia hofmann
Phone: +49 89210288 0

[1] European Alliance for Clean Hydrogen | Internal market, industry, entrepreneurship and SMEs

05.17.2021 Distribution of a Corporate News, transmitted by DGAP – a service of EQS Group AG.
The issuer is solely responsible for the content of this advertisement.

DGAP’s distribution services include regulatory announcements, financial / corporate news, and press releases.
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Apple Music for Android Offers More Details on Upcoming Lossless Streaming Fri, 14 May 2021 22:39:11 +0000


The Bitcoin rally was so huge it was worth the risk-adjusted twists

(Bloomberg) – Yes, you created a bundle containing Bitcoin from above a month ago. And even with a sale like this, it was probably worth it: with the cryptocurrency falling as much as 31% on Wednesday, it is questionable whether the token has been a good investment over time. As frightening as the sudden erasure is, the gains have been so huge that – even risk-adjusted – Bitcoin has done much better than other major assets. . Over the period, it generated a return of 255%, a rally that few other investments can match. At the same time, its price swings were also almost unprecedented – 11 separate sessions of intraday losses of at least 10%. Adjusted for daily volatility, Bitcoin’s return since September has been more than double that of the S&P 500 index and easily broke a negative reading for Treasuries. “Despite the volatility, BTC’s returns more than made up for it,” said Stéphane Ouellette, managing director and co-founder of FRNT Financial. “We’re talking about the biggest bull market for the asset.” Of course, exercise is a soft defense if you are looking at losses over 40% from the top. Bulls tout its use for diversification against inflation while skeptics question everything from its energy use to regulatory risk. If anything, the performance data is a lens in the psychology of the HODL crowd that has built up in the asset despite frequent busts like Wednesday’s Bitcoin cut losses to 15% at 12:12 p.m. in New York after Tesla CEO Elon Musk tweeted that the company has ‘diamond hands’, using emoticons to spell the sentence.Read More: Bitcoin Plunge Wipes $ 500 billion worth in Crypto Rout. The measure, which is not annualized, is designed to show performance per unit of risk. Seen from a broader perspective since 2010, Bitcoin’s risk-adjusted return has shown similar outperformance against other assets. The same goes for a variety of time periods – the start of 2020 or 2015 – which capture its most recent rally. Periods where this doesn’t hold true include using a starting point in 2017, when the coin fell 80% from one high to the next. Yet Chris Grisanti, chief equity strategist at MAI Capital Management, said it was difficult to determine if Bitcoin is “When you compare it to commodities, when you compare it to stocks, you have over a century of data for others and for Bitcoin you don’t ‘don’t have one,’ said Grisanti. “There haven’t been enough different investment environments for Bitcoin as there have been for other asset classes.” Interest in digital assets has picked up in recent months as more traditional businesses that have long hesitated in the crypto space have warmed to cryptocurrencies. But many others are reluctant to adopt the asset due to its increased volatility. “Look, what people don’t understand is the novelty of digital assets,” Julian Emanuel, chief equities and derivatives strategist at BTIG, told Bloomberg TV. “You just have to understand that with the evolution of this technology – and it’s really as much a question of technology as anything – you’re just going to have immense volatility. More stories like this are available on bloomberg. Subscribe now to stay ahead with the most trusted source of business news. © 2021 Bloomberg LP

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Michael Saylor breaks it down: PoW architecture is an engineering masterpiece Fri, 14 May 2021 00:23:35 +0000

What a week! The cryptosphere is buzzing. Did a single tweet Elon Musk made the price of Bitcoin? Or have weak hands handed their coins to strong hands at a discount? Although Elon’s motivations are involved, and probably have nothing to do with the environment, the CEO of MicroStrategy came to the rescue. In a recent tweetstorm, Michael Saylor explained to the world the wonders of proof of work as a consensus mechanism.

Before we even begin, let’s check Saylor’s credentials. According to Wikipedia, “He graduated from MIT in 1987, with a double specialization in aeronautics and astronautics; and science, technology and society.”And this extremely qualified person States, “Proof of Work Architecture is an engineering masterpiece that anchors the system in the real world, providing seven layers of security.

Related reading | In numbers: here’s how much MicroStrategy made on Bitcoin

These layers fall into the following areas: energy, technology, politics, finance, mining, space and time. And Taylor proceeds to break them down one by one. But before getting to the heart of the matter, let’s think about the phrase “Anchors the system to the real world. ” What is the link between the supporting documents and the material reality? And if what makes them valuable isn’t energy, what is? What is the value of these coins?

BTC price chart on FTX | Source: BTC/USDT on

Energy wasted according to Saylor

What people like Elon and his bosses forget is that well-placed economic incentives are the gas that makes Bitcoin work. And there is a huge incentive to move mining operations to places where energy is cheap. And energy costs less where it is abundant, or even wasted. Who better than Michael Saylor to explain this?

The “seven levels of security”

  • Energy: “Miners can monetize any form of energy, anywhere on earth, in any quantity, at any time, at the highest price.“According to Saylor, energy suppliers around the world will be competing for the business of these miners. This is already happening. The system slowly settles into place.
  • Technology: If the market demands clean and energy efficient energy extraction equipment, there is a huge incentive for manufacturers to supply them. And the miners, “must continually upgrade equipment to remain competitive, creating huge barriers to entry and exit, stabilizing the network while bringing Darwinian discipline and vitality.
  • Politics: We have already discussed geopolitical arbitrage in tax matters, but what about the mining sector? Don’t countries and states have an incentive to bring a booming business to their shores? After all, “Miners are the last clean, high-tech exporter to generate hard currency.
  • Financial: It’s no secret that Bitcoin is the best performing asset in the history of the planet. Say it’s a “attractive investmentIs an understatement. That means “investors and their banthe miners are thus recruited as powerful political and financial allies ”of the miners because they are the main customers of their product.
  • Mining: The miners themselves “become powerful advocates of the network,” with a “special interests to defend“He. As this story unfolds, the miners will become a dominant force in the world.
  • Space: All of the above “lead the geographic decentralization of the mining network.“It’s Bitcoin’s best defense against any attack, it’s everywhere and nowhere at the same time. In addition, the mining network is a step removed from the asset itself.
  • Temporal: Breaking down all these layers of security will take a tremendous amount of effort, but, perhaps more importantly, it will take time. According to Saylor, between two and four years. Which does, “any attack is very difficult, expensive, slow, difficult to conceal, unlikely to be successful, and allows time to react.

Related reading | MicroStrategy Acquires Additional $ 15 Million In Bitcoin

Conclusion and summary

We will leave this section to Michael Saylor himself:

Enough said.

Photo by Bill Oxford on Unsplash - Charts by TradingView

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baha actions – finance and news by baha GmbH Wed, 12 May 2021 07:00:00 +0000

All of your US and international market information needs are covered in one innovative application. Access free live quotes and push prices from markets around the world, including quality news from our newsroom, company profiles, full screen real-time charts, stock filter , a currency converter and much more. Full customization possible with personalized watchlists, portfolios and price-based push alerts.

– Live quotes with push price – no manual data reloading required!
– Powerful live search with our vast universe of data – search for your individual symbols
– News updates for world events
– Covers markets around the world (stocks, futures, indices, commodities, currencies …)

– Overviews of the most popular symbols for markets, commodities, indices, currencies, interest rates, hot stocks
– Detailed detailed view for each symbol according to the type of symbol (share, commodity, currency, etc.)
– Arbitrage Lists: View a symbol in different markets
– Company profiles and company news for stocks
– Futures / options linked for a symbol

– Several personal portfolios to track your wins and losses
– Define starting capital, portfolio currency, fees, deposits and redemptions
– Add / remove symbols with simulated buy / sell transactions (fees and comments included)
– Show profit / loss by position and for the entire portfolio
– Share your portfolio with our other mobile applications (for example for iPad)

– Customizable rates for tracking your assets
– Real-time price with many display options (Last & Change%, Performance View, QuoteBoard, Chart View and more)

– Automatically triggered price-based notifications (upper / lower price limit)
– Daily email notifications on a personalized list of titles
– Alerts automatically sent by Apple Push on your home screen
– Email and SMS alerts (free connection required) also available

– Follow price movements on our interactive full screen charts
– Candlesticks, OHLC bars, mountain or line charts (including volume)
– Deadlines: Daily, Weekly, Monthly or Intraday (1/5/10/15/30/60 Minutes)
– Linear, percentage or logarithmic scaling available
– Additional features such as zoom, crosshair, chart templates, compare a stock with its benchmark
– Support the most popular indicators for technical analysis, such as moving average, ADX, true average range, Bollinger bands, CCI, directional plus / minus movement, DM system, envelopes, high, low, Ichimoku, MACD, Momentum, Money Flow Index, OBV, price change, Parabolic SAR, ROC, TRIX, volatility, RSI and many more

– Easy selection of the most promising titles from among thousands
– Cover the main world stock exchanges
– Performance filters (% change, performance 1 week, 1 month, 3 months, 6 months, 1 year, 3 years, 5 years, 10 years)
– Fundamental filters like market capitalization, EBIT, EBITDA, net income and revenue

– Easy to use calculator using current rates of major world currencies (also includes Bitcoin currency converter)
– Can be used online and offline

– Main stock markets and indices, such as Nasdaq, Dow Jones, S&P 500, S&P 100, FTSE 100, DAX, EuroStoxx 50, Nikkei 225 etc.
– Commodity markets, incl. precious metals (gold, silver, platinum, palladium, copper), energy, agricultural and livestock products
– Futures / options markets eg CME, CBOT etc.
– Major currency pairs, such as EUR / USD, GBP / USD, USD / JPY etc. as well as Bitcoin rates (BTC / USD)
– Interest rates, bonds, ETFs
– Financial news from our innovative press room
– Free real-time data (if applicable) and deferred data / EOD
– Additional real-time data packages from your TeleTrader Terminal accounts

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SpaceX will launch DOGE-1 on the Moon! Sun, 09 May 2021 07:00:00 +0000

Copyright 2021 PR Newswire. All rights reserved

CALGARY, AB, May 9, 2021 / CNW / – Geometric Energy Corporation (GEC) today announced that the DOGE-1 mission to the moon, the very first commercial lunar payload in history fully paid for by DOGE, will be launched aboard a SpaceX rocket Falcon 9.

Geometric Energy Corporation’s DOGE-1 mission to the moon will involve managing the Geometric Space Corporation (GSC) mission in collaboration with SpaceX to launch a 40kg carpool cubesat on a Falcon 9 lunar payload mission in the first quarter 2022. The payload will obtain lunar spatial intelligence from on-board sensors and cameras with integrated communication and computing systems.

“Having officially entered into a transaction with DOGE for an agreement of this magnitude, Geometric Energy Corporation and SpaceX have consolidated DOGE as a unit of account for lunar activities in the space sector,” said the CEO of Geometric Energy. Samuel reid.

“This mission will demonstrate the application of cryptocurrency beyond Earth’s orbit and lay the foundation for interplanetary commerce,” said SpaceX’s vice president of commercial sales. Tom ochinero. “We are delighted to launch DOGE-1 on the Moon! “

Indeed, through this very transaction, DOGE has proven to be a fast, reliable and cryptographically secure digital currency that works when traditional banks cannot and is sophisticated enough to fund an entire trade mission to the Moon. . It was chosen as the unit of account for all lunar affairs between SpaceX and Geometric Energy Corporation and sets a precedent for future missions to the Moon and Mars.

POINTBLANK LLC, Mimir Solutions and Iteration Syndicate (ITS) will collaborate with Geometric on the software and hardware design of the mission. Additional payload space will be allocated to include digital art in the form of spatial plaques provided by GeometricLabs Corporation and Geometric Gaming Corporation.

Sam reid, CEO,
Walter reid, communications director,

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SOURCE Geometric Energy Corporation

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Luokung announces favorable ruling granting preliminary injunction Thu, 06 May 2021 11:00:00 +0000

BEIJING, May 6, 2021 / PRNewswire / – Luokung Technology Corp. (NASDAQ: LKCO) (“Luokung” or the “Company”), a leading China-based interactive location and big data processing technology services company, today announced that Luokung’s previously announced preliminary injunction petition has been granted by the United States District Court. United for the District of Columbia (the “Tribunal”). In its decision, the Court explained that it ordered as a preliminary “the prohibitions against Luokung in their entirety”. As a result of the ruling, the Defense Ministry and other government defendants are prohibited from implementing or enforcing Luokung’s designation as a communal Chinese military company, and the resulting restrictions in accordance with the executive decree. 13959.

A complete copy of the Court’s opinion can be found on the following website:

President and CEO Mr. Xuesong Song said, “We fully agree with the court’s decision and are delighted to move forward. We are delighted to see a fair and equitable decision made for all shareholders.

Upon receipt of the court’s decision, Luokung contacted senior Nasdaq management to inform them of the court’s action and asked the Nasdaq to reconsider the delisting decision it had previously issued, as well as its decision to suspend. trading in Luokung common stock from 7:00 am on May 7, 2021. At this time, these discussions are ongoing and there can be no assurance that the Nasdaq will accede to our request.

About Luokung Technology Corp.

Luokung Technology Corp. is one of China’s leading interactive location services and big data processing technology companies. It provides integrated DaaS, SaaS and PaaS services for the Internet and the Internet of things of spatio-temporal big data based on its patented technology. Based on geographic information systems and smart spatial-temporal big data, it establishes twin digital holographic data models at city and industry level to actively serve smart cities, smart transportation, smart industry , LBS.


This press release contains certain forward-looking statements. Forward-looking statements include, without limitation, statements regarding our expectations, hopes, beliefs, intentions or strategies or those of our management regarding the future and other statements that are other than statements of historical fact. Further, any statement that refers to projections, forecasts or other characterizations of future events or circumstances, including underlying assumptions, are forward-looking statements. The words “anticipate”, “believe”, “continue”, “could”, “estimate”, “expect”, “intend”, “could”, “could”, “plan”, “probable “,” potential “,” should “,” should “and similar expressions may identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on various assumptions, many of which, in turn, are based on other assumptions, including, without limitation, management review and analysis of the law, existing rules and regulations and other data available from third party parties. Although we believed these assumptions were reasonable when made, as these assumptions are inherently subject to significant uncertainties and contingencies which are difficult or impossible to predict and are beyond our control, we cannot assure you. that the following statement will be correct. Therefore, you are cautioned not to rely on any forward-looking statements.


The company: Mr. Jay YuChief Financial Officer Tel: + 86-10-5327-4727 Email:

Investor Relations: Adam Prior Senior Vice President The Equity Group Inc. Tel: 212-836-9606 Email:

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SOURCE Luokung Technology Corp.

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Form NT 10-K FACT, Inc. To: January 31 Mon, 03 May 2021 19:38:00 +0000

News and research before you hear about it on CNBC and others. Claim your 1-week free trial for StreetInsider Premium here.



Washington, DC 20549

FORM 12b-25

SEC File Number: 333-223568


(Check one): [X]

10-K shape

[  ] Form 20-F [  ] Form 11-K [  ] Form 10-Q
[  ] Form 10-D [  ] N-CEN form [  ] Form N-CSR

For the period ended: January 31, 2021
[  ] Transition report on Form 10-K
[  ] Transition Report on Form 20-F
[  ] Transition Report on Form 11-K
[  ] Transition Report on Form 10-Q
For the transition period ended: ______________________________________________________

Read the instructions (overleaf) before preparing the form. Please print or type.

Nothing in this form should be interpreted as implying that the Commission has verified the information contained in this document.

If the notification relates to a part of the deposit verified above, identify the item (s) to which the notification relates:


Fact, Inc.

Full name of the holder

Tiburon International Trading, Corp.

Old name if applicable

2 Toronto Street, Suite 231

Address of the main executive office (street and number)

Toronto, Ontario M5C 2B5

City, state and zip code

PART II – RULES 12b-25 (b) AND (c)

If the report in question cannot be filed without unreasonable effort or expense and the declarant requests relief under Rule 12b-25 (b), the following should be completed. (Check the box if applicable)

[X] (a) The reason described in sufficient detail in Part III of this form cannot be eliminated without unreasonable effort or expense;
[X] (b) The annual report, semi-annual report, transition report in question on Form 10-K, Form 20-F, Form 11-K, Form N-CEN or Form N-CSR, or part thereof – here, will be deposited no later than the fifteenth calendar day following the prescribed expiry date; or the quarterly report in question or the transition report on Form 10-Q or the distribution report in question on Form 10-D, or part thereof, will be filed no later than the fifth calendar day following the prescribed due date; and
(vs) The accountant’s statement or any other document required by rule 12b-25 (c) has been attached where applicable.


Explain below in reasonable detail why Forms 10-K, 20-F, 11-K, 10-Q, 10-D, N-CEN, N-CSR, or the transition report or part of it ci, could not be filed within the prescribed period of time.

The company is unable to file Form 10-K by the April 30, 2021 filing deadline without unreasonable effort or expense. The Company expects to file its Quarterly Report on Form 10-Q for the period ended January 31, 2021 with the United States Securities and Exchange Commission within five calendar days of the prescribed due date.


(1) Name and telephone number of the person to contact regarding this notification

Patricia trompeter (437) 703-2482
(Last name) (Area code) (Phone number)

(2) Have all other periodic reports required under section 13 or 15 (d) of the Stock Exchange Act of 1934 or section 30 of the Investment Companies Act of 1940 during the preceding 12 months or for has a shorter period than the registrant was required to file such report (s) been filed? If the answer is no, identify the report (s). Yes [X] No [  ]

(3) Is it expected that any material change in operating results from the corresponding period of the last fiscal year will be reflected in the income statements to be included in the report in question or part thereof?

[X] No [  ]

If so, attach an explanation of the expected change, both narratively and quantitatively, and, if applicable, state the reasons why a reasonable estimate of the results cannot be made.

For the moment, the Company is not in a position to quantify the differences in its financial results compared to the fiscal year ended January 31, 2020, but notes that it has incurred additional operating expenses related to the development of its new technology.


(Name of the holder as specified in the charter)

has had this notification signed on his behalf by the undersigned, duly authorized.

Date: May 3, 2021 Through: / s / Patricia Trompeter
Patricia trompeter
Chief executive officer

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A proposal to improve the pricing of surges Wed, 28 Apr 2021 07:00:00 +0000

Reduce fares in adjacent areas to attract more drivers where demand is high

In January 2020, a fatal shooting at an intersection in downtown Seattle sent passers-by scurrying for safety and a rush of requests for Uber and Lyft rides. Company algorithms have responded to the price spike with skyrocketing fares – a $ 35 trip suddenly cost over $ 200.

The technicians finally intervened and deactivated the automatic price increase. But less dramatic cases of price hikes have become a daily reality for customers who carpool when demand increases in one location – the end of a public event (before COVID-19) or the arrival of multiple flights to. the airport. As unpopular as they are, price increases are based on a fundamental economic principle: when supply and demand go haywire, raising or lowering prices will bring them back to equilibrium.

A paper Posted in Management science Omar Besbes of Columbia, Francisco Castro of UCLA Anderson, and Ilan Lobel of New York University are looking to offer a more efficient pricing approach that could better handle spikes in demand while increasing profits for ridesharing companies.

The article suggests that businesses are responding to an outbreak by adjusting prices over much more of the city, not just where the outbreak is occurring. By strategically increasing and lower prices, even far from the initial increase in demand, the model sends more drivers where they are needed and generates higher revenues than simply increasing prices, the authors say.

This holistic approach, the paper suggests, ends up offering lower prices at the peak location compared to a more local approach. The holistic approach brings more supply to the peak location, and when there is more supply, there is less need to increase prices.

Dealing with sudden and unpredictable changes in demand creates a problem that companies face despite their industry. Take, for example, call centers and hospitals: How do you make sure you have enough emergency room duty attendants or nurses to handle callers or patients? Plan too much and profits suffer; too little, and customers cannot get the service they want.

The carpooling model – drivers as independent contractors that Uber and Lyft simply offer rates for a given location and price – means that price is the main lever these companies have in adjusting supply. Hospitals and call centers, of course, actually employ workers and can schedule shifts to meet estimated demand for services.

Thus, the tariff surge offers a simple solution to manage an unexpected increase in demand. Faced with a sudden influx of people looking for groceries, an algorithm automatically increases prices, sometimes multiplying them by two, three or more. Higher fares attract more drivers and encourage more price-sensitive riders to seek alternative means of transport until supply and demand balance.

As Uber and Lyft operate over large geographic areas, attracting drivers to one area can create shortages in others. Or, as the authors put it: “Prices set in one region of a city have an impact on demand and supply in that region, but can also have an impact on supply in other regions.”

With this observation, the authors divided the city into several regions around the source of the initial surge. In the area closest to the surge, prices increase sharply (although less than in conventional surge pricing) to encourage drivers to flood the area. A little further away is an area close enough to the center that drivers enjoy higher surge tariffs with little travel time.

Just outside of that region is another ring that’s just far enough away from the wave that drivers don’t automatically find it attractive to move. Here, additional persuasion is needed. The rideshare company sets prices here to discourage drivers from staying, usually lowering them to the point that no driver will want to respond to a request for a ride. Staying in the zone no longer makes sense and drivers are looking for more profitable locations.

To prevent these drivers from traveling a way from the surge, the model also lowers the tariffs in the next surrounding area, so that area also becomes unattractive. Beyond that, the rates can remain unchanged because the drivers will be too far from the surge to move.

The result is that drivers who might be reluctant to head for the surge are discouraged from staying put and effectively prevented from heading any further in search of fares. Their only option is to join those flooding the surge area.

According to the document, when a large number of drivers react to an increase, ridesharing companies may see a “significant” increase in their revenues. “The platform can leave money on the table if it ignores the overall impact of its space pricing policy and supply response,” Castro said.

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