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Soka Home Unveils Flex Modular Leather Sofa: Elevating Comfort and Customization for Contemporary Living

Rev Up Marketers

Soka Home, a leader in premium home furnishings, is excited to announce the launch of the Flex Modular Brown Genuine Leather Sofa, a stunning new addition to its Flex Collection. This sofa embodies the perfect blend of sophisticated design, premium materials, and customizable flexibility, making it an ideal choice for modern homes. The Flex Modular Sofa offers a fresh take on home seating by combining the luxurious feel of genuine leather with a modular design, allowing customers to configure their living space according to their preferences and lifestyle. Whether it’s a cozy loveseat leather sofa or a spacious sectional, the Flex sofa can be easily adjusted to fit any room size or seating arrangement, making it perfect for growing families, entertaining guests, or simply upgrading the aesthetics of any living area. Key Features: Genuine Leather Craftsmanship: Made from high-quality brown leather that not only looks stylish but is durable and easy to maintain. Modular Design: Create your own seating arrangement by adjusting the layout of the sofa to fit your space. Exceptional Comfort: Soft cushioning and ergonomically designed for ultimate comfort during lounging or entertaining. Versatility: The modular components allow for endless combinations, ensuring this sofa adapts as your needs evolve. "Soka Home’s mission is to offer high-quality, stylish furniture that adds both form and function to our customers’ homes. The Flex Modular Sofa perfectly embodies this vision by providing A brown leather couch versatile and elegant solution for a wide range of living spaces," said David Name, Soka Home Unveils Flex Modular Leather Sofa: Elevating Comfort and Customization for Contemporary Living With its timeless aesthetic and endless flexibility, the Flex Modular Brown Genuine Leather Sofa is the ultimate investment in comfort and style. It is now available for purchase exclusively on the Soka Home website. About Soka Home Soka Home is committed to creating modern, functional, and high-quality furniture that enhances the living experience. With a focus on craftsmanship, design innovation, and customer satisfaction, Soka Home offers a wide range of home furnishings tailored to fit the unique styles of today’s homes. Contact Details Kolby Walter Sokahome vip@sokahome.com Company Website https://sokahome.com

October 24, 2024 09:31 AM Eastern Daylight Time

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Ohio Pension Funds Sue Boeing and Former Chairman Over Plane Failures

NLPC

Why is former Boeing Chairman Larry Kellner – who led the company’s governance oversight during last year’s infamous Alaska Airlines door plug blowout – now head of the safety committee on ExxonMobil’s board of directors? That’s what a shareholder in both companies – National Legal and Policy Center (NLPC) – is asking. And now two pension funds for the State of Ohio are demanding answers from Boeing and its board members (both current and former) about the devaluation of their investment. Attorney General Dave Yost announced Tuesday that he is suing the board of directors for the Washington, DC-based jet manufacturer, “seeking accountability for a pattern of safety and compliance failures that have harmed the company and its investors.” Yost is representing the Ohio Public Employees Retirement System and the State Teachers Retirement System of Ohio in the litigation, and accuses Boeing board members of breaching their fiduciary duties by failing to properly oversee the company. The lawsuit alleges the members knew “about the ongoing unsafe practices but even today fail to address them, choosing instead to prioritize profits over safety and regulatory compliance.” Among the defendants singled out by Yost is former Boeing chairman Kellner, who departed from the company under a cloud earlier this year, following the Alaska Airlines incident and other safety failures, in what CNN described as “a complete decapitation” of leadership. Among the allegations pointed out in the Ohio lawsuit about Kellner was that he: served on the board’s Aerospace Safety Committee since 2019; solicited votes from shareholders with other directors who “issued materially false or misleading statements with knowledge of their falsity or reckless disregard for their truth” in both 2023 and 2024; with other directors, “knowingly or with reckless disregard made false or misleading statements of material fact and omitted material information concerning the safety of Boeing’s airplane manufacturing…”; was opposed by proxy advisor Glass Lewis for re-election to the board in 2021 and 2022, “given his role as Audit Committee Chair during the [737] MAX Crashes” in Indonesia and Ethiopia. Yost summarizes the lawsuit against Boeing directors, including Kellner, by alleging they issued “false or misleading” statements “with knowing intent to deceive, manipulate, or defraud.” Yet today Kellner enjoys a soft landing on the board of directors for ExxonMobil, where he chairs the oil giant’s Environment, Safety and Public Policy Committee, with millions of dollars in stock awards and remuneration. This is after Boeing on Wednesday reported a third-quarter loss of more than $6 billion in the wake of the financial, reputational and litigation disaster left behind in the wake of Kellner’s failed leadership. “In the part of his career and experience which is supposed to highlight the majority of his credentials to serve in his current role on ExxonMobil’s board, Larry Kellner has been an unmitigated disaster,” said Paul Chesser, director of NLPC’s Corporate Integrity Project, an investor in both Boeing and ExxonMobil. “Exxon is not without safety and environmental failures in its history that have cost lives, injuries and destruction. How can it say with a straight face that Mr. Kellner is the best person to oversee the company’s environment and safety policies and practices?” Earlier this year in advance of ExxonMobil’s annual meeting, NLPC filed a proxy memo with the Securities and Exchange Commission, detailing Kellner’s shortcomings for the director role and asking fellow shareholders to oppose his candidacy for the board. NLPC also released a short video in May that highlighted Boeing’s mishaps under Kellner’s leadership. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

October 24, 2024 09:30 AM Eastern Daylight Time

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Evergreen Junk Removal Expands Premium Junk Removal Services in Miami

Rev Up Marketers

Evergreen Junk Removal, a leader in eco-friendly junk removal services, is proud to announce the expansion of its comprehensive junk removal solutions to the vibrant city of Miami. Offering both residential and commercial services, Junk Removal Company is committed to providing fast, reliable, and environmentally responsible junk removal for the Miami community. As part of this service expansion, Evergreen Junk Removal continues to focus on reducing waste in landfills by prioritizing recycling, donations, and sustainable disposal methods. The company’s experienced team is equipped to handle a wide range of removal needs, from household clutter and yard waste to construction debris and office cleanouts. Key features of Evergreen Junk Removal in Miami include: Full-Service Junk Removal: From furniture and appliances to electronics and yard debris, Evergreen handles all types of junk, making clean-up effortless for customers. Environmentally Conscious Practices: The company prioritizes eco-friendly solutions, recycling, or donating items whenever possible to minimize landfill impact. Same-Day or Next-Day Service: Recognizing the need for quick and efficient removal, Evergreen offers flexible scheduling to meet the demands of busy Miami residents and businesses. Commercial and Residential Services: Whether for a home clean-out or a large commercial property, Evergreen offers tailored solutions to fit each client's unique needs. Licensed and Insured Professionals: All team members are fully licensed and insured, ensuring a hassle-free experience for customers. "We’re excited to extend our services to Miami, bringing with us the same commitment to quality and sustainability that has made us a trusted partner across Florida,” said Paul, Junk Removal at Evergreen Junk Removal. “Our goal is to make junk removal a simple, seamless process while being good stewards of the environment." Evergreen Junk Removal is dedicated to providing Miami residents and businesses with top-tier junk removal services that not only clean spaces but also contribute to a cleaner environment. About Evergreen Junk Removal: Evergreen Junk Removal is a leading junk removal company serving various locations across Florida. The company specializes in residential and commercial junk removal with a focus on sustainability, customer satisfaction, and professionalism. With years of experience, Evergreen has established itself as a trusted name in the industry by offering eco-conscious, efficient, and affordable solutions. Contact Details Evergreen Junk Removal Edwige Paul Info@evergreenjunkremoval.com Company Website https://evergreenjunkremoval.com/

October 24, 2024 09:13 AM Eastern Daylight Time

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Powder Named to the 2024 CB Insights’ List of the 100 Most Innovative Fintech Startups

Powder

Powder, a fintech company that creates generative AI agents to automate time-consuming tasks, enabling wealth management firms to focus on serving clients and growing their businesses, today announced that it has been named by CB Insights to the seventh annual Fintech 100, showcasing the 100 most promising private fintech companies in the world. “We know that artificial intelligence is the future of wealth management, so it is an honor to see our own innovations in this important area recognized independently through inclusion in the Fintech 100,” said Kanishk Parashar, Chief Executive Officer of Powder. “This is a credit to our entire team and our clients.” The Fintech 100 primarily includes early- and mid-stage startups driving innovation across fintech. CB Insights’ research team picked winning companies based on CB Insights datasets, including deal activity, industry partnerships, team strength, investor strength, employee headcount, and proprietary Commercial Maturity and Mosaic scores. CB Insights also dug into Analyst Briefings submitted directly by startups. “The 2024 Fintech 100 winners are high-momentum companies shaping the future of financial services,” said Laura Kennedy, Principal Analyst at CB Insights. “Unsurprisingly, this year’s cohort is deploying AI across a wide variety of solutions. But they’re also diverse in their reach in emerging and developing economies and focus on everything from fraud prevention to financial inclusion.” Powder saves wealth management firms time and money by parsing complex financial and estate documents in seconds and providing advisors with enriched, ready to use extracts. Powder’s AI agents are as accurate as a human – or better – using its hallucination detection that can pinpoint important information in minutes, not hours, freeing advisors and analysts to focus on client service and work that provides a direct value to clients and prospects. The technology also offers a generative-AI chat feature for each of the firms’ clients, allowing analysts to rapidly obtain answers to important data questions, akin to chatting with an AI assistant who can instantly answer questions about a specific client by consulting financial documents. Powder’s AI agents can be deployed across multiple areas of the wealth management industry, from proposal generation to portfolio analysis. Most importantly, the technology is secure with the Securities and Exchange Commission (SEC) and the Financial Industry Regulatory Authority (FINRA). Unlike ChatGPT, individual firms own and control the data, which ensures that clients' personal information is 100% secure. In July 2024, Powder raised $5 million in seed funding, backed by 40 investors, including leading Silicon Valley venture capital firms and tech executives. The round featured participation from YCombinator, General Catalyst, Funder’s Club, Elefund, Litquidity Ventures, and Script Capital. Notable individual investors included Jon Xu, co-founder of FutureAdvisor, and Bryant Chou, co-founder of Webflow. Quick facts on the 2024 Fintech 100: The 100 winners include 13 wealth management companies, 11 in embedded finance, and 10 in insurance. The 2024 cohort is deploying AI across a wide variety of use cases and features a notable number of solutions driving financial inclusion and accessibility. $7.2B in equity funding raised over time, including more than $2B in 2024 so far (as of 10/23/2024). Nearly 50% are early-stage companies (primarily seed/angel or Series A). 52 companies from outside the United States, across 23 countries on 6 continents. This includes 17 companies from 11 emerging and developing economies. About Powder Powder is building generative AI agents that automate laborious tasks to save time and to allow firms to focus on what matters. Today, its flagship product is a brokerage and estate document reader that is highly accurate and fast, with the ability to enrich the output with missing market data. For more information visit, powderfi.com. About CB Insights CB Insights is an AI super analyst for market intelligence. It delivers instant insights that help you bet on the right markets, track competitors, and source the right companies. Our AI super analyst is powerful because it is built on the validated database of companies and markets that CB Insights is famous for. To learn more, please visit www.cbinsights.com. Contact Details For Powder Lisa Aldape +1 917-676-1716 laldape@vocatusllc.com For CB Insights Media@cbinsights.com Company Website https://www.powderfi.com/

October 24, 2024 09:01 AM Eastern Daylight Time

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AmeriLife Named to Inc.’s Power Partner Awards for the Second Year in a Row

AmeriLife

In acknowledgment of consistent excellence, Inc. Business Media has once again recognized AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, in its third annual Power Partner Awards, which honor business-to-business (B2B) organizations across the globe that have a proven track record of supporting entrepreneurs and helping startups grow. AmeriLife claimed top honors in the Insurance and Financial Services categories, propelled by glowing endorsements from its Health and Wealth Distribution organizations. The company joined an elite group of nearly 400 global B2B organizations, all celebrated for their exceptional support to entrepreneurs and partner institutions in critical areas such as hiring, compliance, and infrastructure development. Through AmeriLife’s partnership program, company founders and leaders can shift focus and resources toward their core business objectives. “Being recognized by Inc. as a Power Partner in the health and life insurance distribution industry is a tremendous honor for AmeriLife,” said Scotty Elliott, Chief Distribution Officer of Health for AmeriLife. “This award is a powerful testament to our dedication to excellence, innovation, and providing unparalleled value to our affiliate partners. We're honored to be recognized as a trusted ally in helping companies flourish and achieve their goals in today's competitive landscape.” "This accolade is a true reflection of our steadfast dedication to superior performance, forward-thinking strategies, and providing unmatched service through our wealth distribution platform,” said Mike Vietri, Chief Distribution Officer of Wealth for AmeriLife. “We're thrilled to be distinguished for our work in financial services and our role in helping businesses and individuals prosper." Targeted expansion aligned with a holistic strategy Since 2020, AmeriLife has welcomed nearly 90 affiliates to its family of companies, culminating in establishing distinct Health and Wealth Distribution channels in January 2023. This restructuring and ongoing investments in world-class resources enable a comprehensive approach to retirement planning. Notable additions include the proprietary leads platform, LeadStar, the insights platform, Atlas, and strategic expansion within the Wealth space to include RIA and Broker-Dealer capabilities. These initiatives work together to fulfill life and health insurance needs and the premier financial services and retirement planning solutions to deliver a truly holistic approach. To view the complete list, go to: https://www.inc.com/power-partner-awards/2024. The November 2024 Issue of Inc. magazine is available online at https://www.inc.com/magazine and will be on newsstands beginning October 29, 2024. “This is our definitive listing of vendors and suppliers who have demonstrated excellence in serving small- and midsize customers,” says Inc. editor-in-chief Mike Hofman. “As part of the vetting process, our team of editors, researchers, and reporters gathered information on companies’ products and services, assessed their reputation as captured in online comments and forums, and collected customer testimonials to ensure that the sales pitch matches the client experience. In every case, we spoke to founders like you who were happy to attest to a vendor’s genuine commitment to a mutually beneficial business partnership. We’re happy to be the conduit for that positive word of mouth.” 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 the 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 over 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers through a distribution network of over 300,000 insurance agents, financial professionals, and over 160 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com and follow AmeriLife on Facebook and LinkedIn. About Inc. Inc. is the leading media brand and playbook for entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of our community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating our future. Inc.'s award-winning work achieves a monthly brand footprint of over 40 million across various channels, including events, digital, print, video, podcasts, newsletters, and social media. Its proprietary Inc. 5000 list, produced yearly since its launch as the Inc. 100 in 1982, analyzes company data to rank the fastest-growing privately held businesses in the United States. The recognition that comes with inclusion on this and other prestigious Inc. lists, such as Female Founders and Power Partners, allows the founders of top businesses to engage with an exclusive community of their peers and credibility that helps them drive sales and recruit talent. For more information, visit www.inc.com. Contact Details Jeff Maldonado media@amerilife.com Company Website https://amerilife.com/

October 24, 2024 09:00 AM Eastern Daylight Time

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BestGrowthStocks.Com Issues Comprehensive Analysis of Rumble’s Catalysts, Short Interest, and Market Sentiment

Rumble Inc

NEW YORK, NY / NewsDirect / October 24th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Rumble Inc. a video-sharing platform and cloud services provider. Rumble Inc. (NASDAQ: RUM) has garnered significant investor attention following recent milestones such as Sticker Mule, a major online retailer, moved its AI processing to Rumble’s cloud services, boosting confidence in Rumble’s cloud platform capabilities. Earlier, Rumble shattered records during the Republican Debate in September 2024, which drove a spike in user engagement and platform activity. In the sports arena, Rumble partnered with the Miami Dolphins to provide cloud services for Hard Rock Stadium, showing its focus on scaling its infrastructure services and entering high-visibility partnerships. Best Growth Stock's full report offers an in-depth analysis of Rumble’s operations, short interest, current share structure according to dilution tracker, cash position and runway, potential catalysts, growth drivers, financials and more. Access this full analysis free here: https://bestgrowthstocks.com/access-rum-analysis/ ABOUT Rumble Rumble is a high-growth video platform and cloud services provider that is creating an independent infrastructure. Rumble’s mission is to restore the internet to its roots by making it free and open once again. For more information, visit: corp.rumble.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Best Growth Stocks Steve Macalbry editor@bestgrowthstocks.com

October 24, 2024 07:30 AM Eastern Daylight Time

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BestGrowthStocks.Com Issues Extensive Comprehensive Analysis of Phunware Inc

PHUNWARE

NEW YORK, NY / NewsDirect / October 24th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Phunware Inc. a leader in enterprise cloud solutions for mobile applications. Phunware Inc. (NASDAQ: PHUN) has garnered significant investor attention following their entry into generative AI. Best Growth Stock's full report offers an in-depth analysis of Phunware’s recent announcement, short interest, current share structure according to dilution tracker, cash position and runway, potential catalysts, growth drivers, financials and more. Access this full analysis free here: https://bestgrowthstocks.com/access-phunware-analysis-phun/ About Phunware, Inc. Phunware, Inc. (NASDAQ: PHUN) is an enterprise software company specializing in mobile app solutions. We provide businesses with the tools to create, implement, and manage custom mobile applications and analytics, digital advertising, and location-based services. Phunware is transforming mobile engagement by delivering scalable and personalized mobile app experiences.  Phunware’s mission is to achieve unparalleled connectivity and monetization through widespread adoption of Phunware mobile technologies by leveraging brands, consumers, partners, and digital asset holders and market participants. Phunware is poised to expand its software products and services audience and industry verticals through its new platform, utilize and monetize its patents and other intellectual property rights and interests, and update and reintroduce its digital asset ecosystem for existing holders and new market participants.  For more information, please visit www.ai.phunware.com About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Best Growth Stocks Steve Macalbry Editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

October 24, 2024 07:00 AM Eastern Daylight Time

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ASTRO America’s AM Forward Initiative Receives Final Approval for Private Equity Fund

ASTRO America

Applied Science & Technology Research Organization ( ASTRO ) of America executives will join senior officials from the U.S. Department of Defense (DOD) and Small Business Administration (SBA) at the Pentagon today to mark a major milestone in its “ AM Forward ” initiative. This effort, launched by ASTRO President Neal Orringer and U.S. President Joseph R. Biden in May 2022, accelerates small businesses’ adoption of additive manufacturing (“AM”, or 3D printing) technology to advance key aerospace and defense supply chains across the country. Today’s announcement of final federal approval for the Fund (formally known as the ‘Stifel North Atlantic AM-Forward Fund’) marks a historic moment in the nation’s effort to build, scale and accelerate public-private investments in critical technologies, a key component of AM Forward. This Fund, earning a Small Business Investment Company (SBIC) license in partnership with the DOD under the SBIC Critical Technology (SBICCT) initiative, aims to use a range of financing structures targeted to the specific needs of small businesses, with a focus on increasing additive and advanced manufacturing capabilities in the domestic supply chain. The initial investors of the Fund include significant capital commitments from industry-leading companies Lockheed Martin, GE Aerospace, and ASTM International, among others. “Two years ago, we launched AM Forward to build up resilience in America’s key supply chains,” said Neal Orringer, President of ASTRO America. “Our partners– most notably, Lockheed Martin and GE Aerospace– have demonstrated what it means to be strong stewards of America’s Defense Industrial Base. Today, we are grateful to have them and two other critical organizations, Stifel North Atlantic and ASTM International, contributing important resources, expertise, and mentorship to support the backbone of America’s economy– small and medium sized manufacturers.” ASTRO leads AM Forward’s implementation– a compact of seven leading companies as well as key federal agencies– focused on helping small businesses expand their adoption of metal 3D printing technology through: access to capital, machine validation processes called “qualification,” and workforce development. ASTRO selected Stifel North Atlantic (NYSE: SF) as the financial partner to support AM Forward’s access-to-capital efforts by managing the Fund, based on its rich history of support for small and middle market companies and extensive experience managing SBIC Funds. ASTRO leadership will remain involved with the Fund as advisors to the Fund’s Technical Advisory Board. “We are pleased to receive this license from the SBA,” said Victor Nesi, Stifel Co-President. “In collaboration with our strategic partners, we are proud to give America’s emerging small businesses the capital and strategic support they need to advance innovation that supports our supply chain, creates domestic jobs, amplifies manufacturing capacity and importantly, increases national security.” Earlier this year, ASTRO America and Stifel North America announced the Fund became the first recipient to receive an initial ‘green light’ to raise private capital under the SBIC Critical Technologies (“SBICCT”) program. The Applied Science and Technology Research Organization of America (ASTRO America) is a 501(c)(3) not-for-profit, non-partisan Research Institute and Think Tank. It was established in 2018 to advance the public interest through manufacturing technology and policy. Led by manufacturing professionals with broad public and private sector experience, ASTRO America supports collaborations by government agencies and companies to address supply chain challenges in highly regulated industries, including aerospace and defense. Established in 1890, with headquarters in St. Louis, Missouri, Stifel is a full-service financial services firm with a distinguished history of providing securities brokerage, investment banking, trading, investment advisory, and related financial services to individual investors, institutions, corporations, and municipalities. Contact Details Raynor Ave. Bradley Sinkaus +1 570-446-7585 bradley@raynoravenue.com Company Website https://astroa.org/

October 23, 2024 04:00 PM Eastern Daylight Time

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The Reservoir Unveils the First On-Farm Robotics Incubators

Hawk Tower / The Reservoir

Today at FIRA USA 2024, the Reservoir announced the first-ever on-farm robotics incubators, Reservoir Farms, set to open in the Central and Salinas Valleys in early 2025. This pioneering initiative significantly shifts how agricultural technology innovates through real-world testing environments, world-class resources, and critical industry partnerships. California agriculture faces critical challenges, including labor availability and cost, import competition, increased regulation, water scarcity, and climate-related challenges, including extreme weather. These challenges have spurred significant advancements in agricultural precision, automation, mechanization, and robotics in recent years. Despite advancements, early-stage agtech projects lack critical ecosystem support, like connecting directly with growers, testing and validating their solutions, and accessing dedicated shop space and farmland. These gaps hinder capital efficiency and the development of critical solutions that meet the agricultural sector's needs. Initial projects at the incubators will focus on early-stage agricultural innovations in automation and robotics, including rovers and drones, that accelerate the development of breakthrough solutions to the opportunities and imperatives faced by California farms producing high-value specialty crops, such as labor shortages, profitability, and adopting climate-smart technologies. Western Growers Association, a key advocate for advancing agricultural innovation, will provide financial and operational support as an anchor partner. Anchor educational partners like UC ANR, Hartnell College, and Merced College will play a crucial role in innovation and workforce development, preparing the next generation of agricultural researchers, professionals, and innovators to drive the future of farming in California. HawkTower, a venture capital firm investing in early-stage startups developing breakthrough innovations for California’s environmental and industrial imperatives, is also an anchor partner. “The launch of Reservoir Farms is a critical step forward in ensuring the future resilience of California’s agriculture and across the Central Coast and Central Valley,” said Danny Bernstein, CEO of the Reservoir and Managing Partner of HawkTower. “By placing incubators directly on the farm, we enable innovators to test, iterate, and scale solutions in real-world conditions as a more immediate path to advance farming communities.” A New Model to Incubate AgTech Innovation The idea for Reservoir Farms emerged from extensive industry research and consultations with over 50 organizations in the specialty crop sector. Key insights uncovered critical gaps in startups' access to real-world testing environments, shop space, and direct relationships with growers—factors severely hindered capital efficiency and posed a formidable barrier to innovation. “Our goal is to eliminate the friction points that have historically slowed down the development of new agtech solutions,” said Walt Duflock, Senior Vice President of Innovation at Western Growers Association. “Reservoir Farms offers a new model, where startups can work side-by-side with growers to test their technologies, iterate in a low-stakes environment, and build scalable solutions to improve agriculture's operations.” Supports Thriving Agtech Ecosystem and Job Creation The Reservoir Farms initiative also reflects a broad-based collaboration between key educational institutions, industry players, and local communities to ensure the next generation of agricultural professionals is equipped with the skills needed to support the region’s growing agtech sector. Supporting partners include Central Coast Small Business Development Center (SBDC), Communities Organized for Relational Power in Action (COPA), Digital NEST, Farmhand Ventures, Merced County Farm Bureau, Milano Technical Group, Monterey Bay DART (Drone Automation & Robotics Technology), Monterey Bay Economic Partnership, Monterey County Farm Bureau, Tesserakt Ventures, and The Vine. “As robotics and automation become more integral to California agriculture, it’s essential to have facilities like Reservoir Farms embedded within the farming community,” said Gabriel Youtsey, Chief Innovation Officer at UC ANR. “By bridging the gap between lab-based research and real-world application and accelerating tech transfer, Reservoir Farms can help build the workforce and technology needed to address the critical challenges on the farm, from labor shortages to climate change.” A Focus on Specialized Services and Real-World Testing in California's Agricultural Heartland Reservoir Farms will open its first two locations in Salinas Valley and Merced in the first quarter of 2025. Participants can lease testing fields and shop space without the burden of multi-year leases, giving them the flexibility needed to scale. The incubators will offer fully equipped R&D workshops, secure storage for expensive equipment, and customized, pre-planted specialty crop fields for testing. These facilities will be complemented by Reservoir Farms’ co-working spaces, meeting rooms, and a robust demo day schedule designed to connect startups with growers, investors, and other key stakeholders. In addition, the Western Growers Association’s validation process will provide startups with a quantitative “scorecard” that offers crucial metrics on scalability, efficacy, and financial viability. This validation, combined with UC ANR’s field testing, will help startups refine their products and receive a critical stamp of approval that builds trust with growers and ensures a smoother path to commercialization. About the Reservoir: The Reservoir is a 501(c)(3) nonprofit building tech incubators for California’s future. Founded in 2024, the Reservoir creates spaces where startups, researchers, organizations, and corporations can develop and test innovations beyond Silicon Valley, focusing on rural areas like the Central and Salinas Valleys. The Reservoir drives economic growth, workforce development, and environmental resilience across California’s agricultural heartlands. Learn more at www.thersvr.org. Contact Details AgTech PR for The Reservoir Jennifer Goldston jennifer@agtechpr.com Company Website https://www.thersvr.org/

October 23, 2024 09:00 AM Pacific Daylight Time

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