Verofax is among the Top UAE Future100 to Positively Impact the Nation’s Future Economy!

DUBAI, UAE, Dec 14, 2023 – (ACN Newswire) – Verofax, a leading compliance and commerce SaaS solution provider, has earned distinction as one of the top Future100 pioneering startups, selected by the Ministry of Economy and the Ministry of State for Government Development and the Future. This recognition underscores Verofax’s pivotal role in contributing positively to the UAE’s economy and enhancing its preparedness for the future.

The prestigious unveiling of the Future100 took place at the Award Ceremony hosted at the Museum of the Future, symbolizing a momentous occasion in recognizing and celebrating innovation. Future 100 has recognized Verofax for its innovative technology in decarbonizing industries and boosting the competitiveness of the country’s Industrial sectors.

H.E. Abdullah bin Touq Al Marri, UAE Minister of Economy, said “We congratulate the 100 companies that successfully made it to the final stage of the initiative’s first edition to become the best 100 companies of the future, possessing pioneering capabilities for growth and healthy competition,” Al Marri added “ We believe this is a turning point that will enable these companies to achieve more sustainable commercial success and access to regional and global markets.” 

H.E. Ohood bint Khalfan Al Roumi, UAE Minister of State for Government Development and the Future, said: “Future100 has uncovered numerous startups and scaleups venturing into new sectors, receiving over a thousand applications from various targeted sectors over three months.” 

Over 45 evaluators and experts across different sectors evaluated the applications, conducting interviews with company officials using a predefined set of criteria. These criteria encompassed the capacity for innovative business models leveraging new technologies, the potential of the target market, the ability to engage key customers through a well-defined business plan supported by clear financial data, the feasibility of the business with a strategy for securing future financing, and consideration of the impact of environmental and social governance in both the UAE and global contexts.

Verofax’s automates compliance, traceability and verification

As more countries are looking to decarbonize their economy, the EU and US have recently introduced regulations to curb imports of high-emission commodities such as steel, Aluminum, cement, fertilizers, chemicals and energy. The EU Carbon Border Tax regulation came into effect on August 17 and reporting became mandatory for exporters on October 1st. Existing ERP systems are not built to aggregate data across the supply chain and prevent double counting. Thus compliance with operational standards for measuring and reporting in accordance with ISO14064 standards becomes an unsurmountable challenge for exporters needing to have their multi-tier supply chain comply with such operating procedures, which increases cost significantly. Not complying is also not an option with up to 35% of revenue in tariffs levied at European Union border customs. The problem necessitates commodity passporting and emissions tracking without the risk of double counting.

Wassim Merheby, CEO of Verofax, said, “Existing ERP systems are siloed by design, which hinders the capability of having immutable data and certifications verified on the interoperable system for all stakeholders from material collectors to recyclers, exporters, customs and clients. Verofax offers an award-winning Digital Passporting and traceability solution for multi-tier supply chain verification, enabling seamless compliance and verification of Carbon emissions. The Gulf region trails behind India and other markets that recycle up to 80% of targeted commodities. Recycling can reduce emissions by up to 95%, thus markets with lower recycling thresholds are at risk of being priced out of the EU market. The UAE for example, exports $1.5B to the EU mainly Aluminum and recycles under 10% to date. With Verofax emission verification and commodity passporting, exporters have a great opportunity to trail a path towards export growth.”

Verofax Digital passporting & Traceability solution for compliance verification automation ensures the validation of commodities emissions, and commodity provenance, prevents recycling double counting, across a tiered supply chain. By calculating and verifying low carbon emissions from mining or waste material collection, Recycling, repurposing and transportation, exporters will lower their costs and increase market access to EU & US in compliance with regulations.

About Future100

Future100 is a collaborative initiative between the Ministry of Economy and the GovernmentDevelopment and the Future Office, united in their mission to foster the growth of 100 pioneering startups pivotal to shaping the trajectory of the UAE’s future economy. This innovative initiative focuses on sectors of strategic importance, including space exploration, renewable energy, and emerging technology, with the overarching goal of establishing novel benchmarks for the country’s economic landscape. Beyond its immediate objectives, Future100 aspires to propel the UAE’s standing in global competitiveness, entrepreneurship, and investment rankings, thereby solidifying the nation’s position as a frontrunner in the ever-evolving landscape of innovation and economic dynamism.

About Verofax

Verofax is a compliance and commerce SaaS solution provider, validated by Microsoft and holding PCT patents on Digital passporting, computer vision and AI analytics that enable intelligent supply chain and operations. Fortune100 enterprises across 50 markets have adopted Verofax solutions for securing their supply chain and connecting directly to customers. Verofax is committed to achieving Net Zero by 2025 and promotes global offset and community relief projects across the globe. Visit https://verofax.com.

For media inquiries, please contact:

Wassim Merheby, CEO, Verofax

Email: info@verofax.com


Topic: Awards

The future comes as standard – new X2 rolls off assembly line for first time in Regensburg

+++ E-mobility ramp-up at BMW Group Plant Regensburg in full swing +++ Additional production volume means adding night shift, three-shift operation +++ Plant Director Armin Ebner on start of production: Day of encouragement for the team

Regensburg – WEBWIRE

It has only been a few weeks since the first photos of the all-new BMW X2 went around the world: Now, it is rolling off the assembly line at BMW Group Plant Regensburg. From now on, different types of drive train will be flexibly manufactured in Regensburg on a single production line from models with internal combustion engines, to plug-in hybrids, to fully-electric vehicles. Up to 1,000 BMW 1 Series, BMW X1 and BMW X2 models are currently coming off the production line at BMW Group Plant Regensburg every workday destined for customers worldwide.

With production of the BMW X2 and its fully-electric variant, the BMW iX2, we continue to set the pace, here in Regensburg, for the ramp-up of electromobility, confirmed Plant Director Armin Ebner. That we are now building a second fully-electric model here in Upper Palatinate will boost the sites production volume. The plant director underlined everyone is very proud of the new vehicle and the tremendous team effort that went into it: For our team, todays start of production is a day of encouragement. After all, production specialists in Regensburg have done everything possible in the past few months to integrate the new BMW X2 silently into ongoing standard production from the initial prototypes and pre-series, through extensive quality inspections, up to and including comprehensive skills development for the whole manufacturing team.

Our plant is working at full steam. The additional production volumes mean we are now adding a night shift at the Regensburg location, effective immediately with three-shift operation going forward, added Ebner.
By the end of the year, the BMW Group will invest more than 350 million euros in vehicle production in Regensburg, creating permanent jobs for around 500 new employees at the site.

Lean, green, digital: With BMW iFACTORY, the BMW Group is also setting standards and redefining the future of automotive production at the Regensburg location. For example, BMW Group Plant Regensburg is the automotive industrys first plant worldwide to use an end-to-end digitalised and automated process for inspection, processing and marking of painted vehicle surfaces in standard production that relies on robots controlled by AI (artificial intelligence). For the plant, this represents another step towards the digital, intelligently connected factory.

Media website: www.press.bmwgroup.com

BMW Group Plants Regensburg and Wackersdorf

The BMW Group has viewed itself for decades as the benchmark for production technology and operational excellence in vehicle construction including at its locations in Regensburg and Wackersdorf.
The BMW Group vehicle plant in Regensburg has been in operation since 1986 and is one of more than 30 BMW Group production locations worldwide. A total of up to 1,000 vehicles of the BMW 1 Series, BMW X1 and BMW X2 models come off the production line at Plant Regensburg every workday destined for customers all over the world. Different types of drive trains are flexibly manufactured on a single production line from vehicles with internal combustion engines to plug-in hybrids, to fully-electric models.

High-voltage batteries for the electric models built in Regensburg are also produced locally, in direct proximity to the vehicle plant. They are assembled at the electric component production facility, which opened in 2021 at the Leibnizstrasse location.
BMW Innovation Park Wackersdorf also belongs to the Regensburg site. The 55-hectare campus built in the 1980s was originally intended as a nuclear reprocessing facility. The BMW Group has located its cockpit production there, as well as its parts supply for overseas plants. In addition to BMW as the largest employer, several other companies are also based at Innovation Park Wackersdorf. A total of around 2,500 employees work there.

The BMW Group core staff at the Regensburg and Wackersdorf locations in eastern Bavaria is made up of around 9,000 employees, including more than 300 apprentices.

www.bmwgroup-werke.com/regensburg/de.html

CO2 EMISSIONS & CONSUMPTION.

BMW iX1 xDrive30:
Power consumption combined (WLTP): 18.1-16.8 kWh/100 km;
CO2 emissions: 0 g/km; NEDC data:
BMW X1 xDrive30e:
Fuel consumption combined: 1.0-0.7-litre/100 km; power consumption combined: 16.9 kWh-14.7 kWh/100 km; CO2 emissions combined: 23-16 g/km (WLTP); NEDC data:

BMW X1 xDrive23i:
Fuel consumption combined: 7.2-6.5 litre/100 km; CO2 emissions combined: 163-146 g/km (WLTP); NEDC data:

BMW iX2 xDrive30:
Power consumption combined (WLTP): 17.7-16.3 kWh/100 km, fuel consumption combined (NEDC): , CO2 emissions: 0 g/km, (NEDC): , Range: 417-449 km (WLTP).

BMW X2 M35i xDrive:
Fuel consumption combined (WLTP): 8.0-7.7 l/100km, Fuel consumption combined (NEDC): ,CO2 emissions combined (WLTP): 181-174 g/km, CO2 emissions combined (NEDC): .

BMW X2 sDrive20i:
Fuel consumption combined (WLTP): 6.5-6.0 l/100km, fuel consumption combined (NEDC): , CO2 emissions combined (WLTP): 148-136g/km,
CO2 emissions combined (NEDC): ,

BMW X2 sDrive18d:
Fuel consumption combined (WLTP): 5.5-5.1 l/100km fuel consumption combined (NEDC): ,CO2 emissions combined (WLTP): 145-133g/km,
CO2 emissions combined (NEDC): ,

The Future of Finance: Jason Simon Explores How FinTech is Redefining the Industry

Explore the future of finance with Jason Simon as he navigates the innovative impacts of FinTech on the global financial industry.

San Jos, Costa Rica – WEBWIRE

The financial sector stands at the precipice of an unprecedented revolution, with FinTech innovations steering the direction toward a future where finance is not merely a transaction but an integrated experience. Jason Simon, a notable expert in the FinTech realm, unravels the myriad of ways in which technology is reshaping the global financial landscape, ensuring that businesses and individuals alike are aptly navigating through the modernized financial epoch.

FinTech: The Financial Vanguard

With a robust amalgamation of finance and technology, FinTech endeavors to enhance financial activities through advanced applications, processes, products, or business models. Simon, with profound expertise in the domain, distills complex FinTech architectures into tangible, comprehensible insights. He asserts, FinTech is not merely a technological advancement but a financial evolution, curating a future where financial efficacy and technological efficiency are indistinguishable.

Pillars of FinTech Evolution:

1. Democratization of Finance: Bridging gaps and enhancing accessibility across various financial strata.

2. Integrated Financial Experience: Forging a seamless interaction between diverse financial facets.

3. Enhanced Security Protocols: Fortifying financial dealings through advanced cybersecurity measures.

4. Intelligent Financial Solutions: Harnessing AI, blockchain, and data analytics to inform financial decisions and strategies.

In the Throes of Financial Renaissance with Simon

In an era where technology dictates the pulse and direction of industries, Simon demystifies the enigmatic world of FinTech through:

a. Insightful Discourses: Comprehensive analyses of FinTech innovations, impacts, and trajectories.

b. Interactive Webinars: Engaging sessions that navigate through the FinTech landscape, ensuring informed adaptation.

c. Consultative Guidance: Tailoring FinTech integrations to align with specific business paradigms and objectives.

Jason Simon: Charting Financial Frontiers

Through a lens that seamlessly blends financial acumen with technological expertise, Simon decodes, demystifies, and delineates a path that ensures businesses are not mere spectators but active participants in the FinTech evolution.

About Jason Simon

Jason Simon is a FinTech and digital payments specialist passionate about cryptocurrencies, having engaged with them since their inception. He avidly follows developments in the ever-evolving financial landscape, mainly digital currencies potential for transforming global commerce.

Japan – Towards a Future Where Mobility Helps Users Fulfill Their Vision

Toyota City, Japan, Oct 18, 2023 – (JCN Newswire) – TOYOTA will be exhibiting at the JAPAN MOBILITY SHOW 2023, to be held from Thursday, October 26 to Sunday, November 5(1), with a booth themed “Let’s Change the Future of Cars―Find Your Future.”

In this third announcement of models to be exhibited at the booth, Toyota unveils the IMV 0(2), a mobility solution that works with users to fulfill their vision. Toyota’s booth will feature a range of exhibits showcasing the free customizability that helps define the IMV 0. Visitors can enjoy playful experiences, including a refreshing mobility café and exciting prizes at the Capsule Bar. The booth will also screen stories demonstrating the IMV 0’s possibilities as shaped by customer ideas.

Exhibit model

IMV 0

Main features

  • A pickup-type concept model that returns to the origins of Toyota’s IMV(3) project, in which owners play a part in the process of creating mobility.
  • Customizable parts can be bolted onto the deck section. The IMV 0 supports future mobility lifestyles by offering the potential for further customization, from business to leisure applications.

(1) Held at Tokyo Big Sight (Koto-ku, Tokyo)
October 25-26: press, October 26-27: special invitation, etc., October 28-November 5: general public
(2) IMV 0 Innovative International Multi-purpose Vehicle 0 (Zero)
(3) An efficient global production and supply system established under the policy of “basing production in regions where demand exists,” enabling Toyota to swiftly provide more attractive products at affordable prices to customers worldwide. The IMV lineup now consists of three pickup truck models, a minivan, and an SUV developed for release in over 180 markets.

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.

Japan – Towards a Future of One-of-a-Kind Cherished Vehicles Aligned with Personal Values

Toyota will be exhibiting at the Japan Mobility Show 2023, to be held from Thursday, October 26 to Sunday, November 5*, with a booth themed “Let’s Change the Future of Cars―Find Your Future.”

In this first announcement of models to be exhibited at the booth, Toyota reveals some of the design details for two battery electric vehicle (BEV) concept models, the FT-3e and the FT-Se.

The two concept models―the SUV-type FT-3e and the sporty FT-Se―will present a future transformed by electrification and intelligence, along with the new experience value offered by cars. Toyota believes that future mobility will go beyond providing physical transportation tools to becoming a lifestyle partner closely aligned with each customer’s individual values. Alongside the highly responsive controls and captivating designs unique to BEVs, these models evolve into one-of-a-kind cherished vehicles by offering the joy of personal ride customization, as well as convenient functions for stress-free browsing of local area information while onboard.

Details of the new experience value offered by cars will be released in upcoming announcements. We look forward to welcoming visitors to the Toyota booth.

Exhibit models

FT-3e

Main features

  • A next-generation BEV concept model that will enrich customers’ daily lives with new driving experiences and personalized services powered by innovative technologies.
  • It also contributes to achieving carbon neutrality and creating a better world by connecting to society as a transfer medium for energy and data from the vehicle and its surroundings.

Design

  • An exterior design that combines both advanced styling and aesthetics while keeping the lines and surfaces that make up the body as simple as possible.
  • Digital displays running from the lower side body to the upper door provide information, including battery charge, onboard temperature, and interior air quality when the driver approaches the car.

FT-Se

Main features

  • A high-performance sports BEV model proposed as one of the options for sports cars in the carbon-neutral era, incorporating the expertise gained in TOYOTA GAZOO Racing’s efforts to make ever-better cars through motorsports.
  • Pursuing further handling stability and aerodynamic performance, the FT-Se shares major components with the FT-3e. Toyota set out to create a car that continues to grow with the driver through software updates.

Design

  • Wide and low proportions, along with a sleek, cutting-edge silhouette, reduce aerodynamic drag.
  • The next-generation cockpit offers intuitive controls and a more immersive driving experience.
  • A low instrument panel profile ensures high visibility. Newly designed kneepads protect the body from G-forces during driving.

*Held at Tokyo Big Sight (Koto-ku, Tokyo)
October 25-26: press, October 26-27: special invitation, etc., October 28-November 5: general public

For more informaton, visit https://global.toyota/en/newsroom/corporate/39886279.html.

Copyright ©2023 JCN Newswire. All rights reserved. A division of Japan Corporate News Network.