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Ondo InsurTech CEO discusses upbeat 2023 trading update as US expansion gains momentum

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Ondo InsurTech PLC (LSE:ONDO) chief executive Craig Foster tells Proactive's Stephen Gunnion that the company's expansion into the US with its LeakBot technology is gaining momentum after launching operations in four states with notable insurers including Nationwide in Ohio.

Following the release of a trading statement that aligns with the first broker forecasts made public, Foster said the US expansion has been met with positive feedback, reflecting high takeout and installation rates, bolstering the company's confidence in future expansions and new partnerships.

The chief executive also mentioned ongoing negotiations with other US insurance firms, further highlighting the company's momentum in the U.S. Additionally, he confirmed that manufacturing capacity is keeping pace with demand, aided by recent advancements towards ISO 27001 certification, which will streamline contractual and compliance processes.

Foster also touched on the company's activities in Europe, specifically in the Nordic region, and the UK, maintaining a balanced focus on these markets while pursuing US opportunities. A significant development mentioned was a partnership with South West Water in the UK, aiming to tackle the global issue of water wastage through innovative leak detection technology. This aligns with the company's strategy of leveraging its unique solutions to address widespread challenges in water management and insurance claims.

Contact Details

Proactive UK Ltd

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/ondo-insurtech-ceo-discusses-upbeat-2023-trading-update-as-us-expansion-gains-momentum-855548519

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Lions International Honors Stephen Lewis Foundation with Humanitarian Award

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For its dedication to humanitarian service and championing health and human rights to end AIDS, the Stephen Lewis Foundation will be presented with the 2024 Lions Humanitarian Award during the 106th Lions Clubs International Convention this June. Stephen Lewis Foundation co-founder Ilana Landsberg-Lewis will accept the award.

The Stephen Lewis Foundation partners with community-led organizations that empower women and girls, grandmothers, orphaned and vulnerable children, LGBTIQ communities and people living with HIV. It delivers funds directly to these organizations who are at the forefront of responses to the HIV epidemic in 14 countries across sub-Saharan Africa.

"Working with, and learning from, African women leaders of grassroots organizations at the frontlines of the AIDS pandemic is what lies at the heart of the core values of the Stephen Lewis Foundation, said Stephen Lewis Foundation co-founder Ilana Landsberg-Lewis. Our aspiration is to amplify their voices and expertise. We aim to ensure that they have support that responds to their own priorities and agendas, and that their advocacy, power, deep knowledge, resilience and persistence are recognized as an essential and transformative force.

The Lions Humanitarian Award is the association's highest honor, given to an individual or an organization with exemplary humanitarian efforts. This award comes with a Lions Clubs International Foundation grant for up to US$250,000 to a charitable organization for continuing humanitarian activities. The Stephen Lewis Foundation joins a distinguished list of prior recipients, including Mother Teresa, former U.S. President Jimmy Carter and Chef and humanitarian Jos Andrs.

"We are truly honored to present this award to the Stephen Lewis Foundation, whose leaders, donors and volunteers strive to create a future free from stigma and poverty arising from the impact of HIV and AIDS on families in sub-Saharan Africa and to instill hope in generations to come," said Lions International President Dr. Patti Hill. "The foundations work, including the Grandmothers to Grandmothers Campaign, creates oases of love and strength, weaving a tapestry of care that stretches across communities around the world. They truly are changing the world one life at a time.

Since 2006, Canadian, American, Australian, and British grandmothers and grandothers have joined African grandmothers in solidarity through the Campaign. Thousands of members raise significant funds $40 million and awareness in support of grandmothers caring for children who have lost their parents to AIDS, and to claim their human rights. They rally behind the call, We will not rest until they can rest!

Learn more about the Lions Humanitarian Award and see our list of winners at www.lionsclubs.org/humanitarian-winners.

About Lions International

Lions International is the largest service club organization in the world. More than 1.4 million members in over 49,000 clubs are serving in 200 countries and geographic areas around the globe. Since 1917, Lions have strengthened local communities through hands-on service and humanitarian projects, and we extend our service impact through the generous support of our Lions Clubs International Foundation. We are focused on supporting vision, the environment, childhood cancer, hunger, diabetes and other pressing humanitarian needs to help address some of the biggest challenges facing humanity. For more information about Lions International, visit lionsclubs.org.

About the Stephen Lewis Foundation

For more than 20 years, the Stephen Lewis Foundation has challenged traditional power structures in international development and philanthropy by shifting resources into the hands of local communities. The HIV epidemic remains a public health emergency in sub-Saharan Africa fueled by racism, gender inequality, and colonialism. Committed to community-led solutions, we provide funding and allyship to local organizations who are restoring hope, reclaiming human rights, fighting injustice, and saving lives.

Shauna Schuda Primary: 630-468-7075
Public Relations Dept. Manager
[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/lions-international-honors-stephen-lewis-foundation-with-humanitarian-award-672980744

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Press Release

Exploring the Influential Leadership Legacy of Wilbert T. Lee: A Philippine Congressional Force.

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New York, May 1st, 2024 – (PlatoAI via 500NewsWire) — In a world often colored by political machinations and self-serving motivations, Representative Wilbert T. Lee emerges as a luminary of integrity and sincere dedication to the well-being of the Filipino population. His formidable first term in politics is decorated with a multitude of profoundly significant legislative accomplishments, with standout examples being the Philippine Salt Industry Development Act and the New Agrarian Emancipation Act – both indicative of his commitment to catalyzing economic progress and amplifying local communities' agency.

Before stepping foot into the realm of politics, Lee was renowned for his monumental business empire. As the chief executive officer of one of the largest companies in the nation, he decided to confront a novel challenge and apply his unparalleled business acumen and leadership proficiency to politics, thereby testing the resilience and principles which he is well-regarded.

Since his victorious entry in the 2022 elections as a representative for the AGRI-Party, Lee's ethos has always been about service before self. But the victory was only the commencement of his political journey, a journey where he has proven himself to be both a strategic thinker and a meticulous executor.

He earned a reputation for his no-frills approach, assuming guardianship over his constituency and not withholding criticism, even if it targeted influential figures who, from his perspective, compromised the interests of the public. Lee corroborates his guardianship with action, fulfilling the expectations that have been placed on him.

Holding prestigious positions in 24 diverse committees in Congress, Congressman Lee has authored and co-authored a whopping total of 255 significant acts, many of which have been cemented into law.

Two laws that undeniably leave a formidable mark on his first term are the Philippine Salt Industry Development Act (House Bill No.8287) and the New Agrarian Emancipation Act (Republic Act No. 11953). The Philippine Salt Industry Development Act, which enjoys bipartisan support, was an essential piece of legislation that sought to rejuvenate the local salt industry and formulate a comprehensive development plan for all stakeholders. It marked a substantial breakthrough, particularly considering that the Philippines was heavily reliant on imports for meeting their salt demand.

Understanding the pressing need of the situation, Congressman Lee, alongside fellow representatives, pushed for this legislative initiative, recognizing the salience of the salt industry to the nation's agricultural fabric. They proposed an all-encompassing approach for the reinvigoration of the sector, characterized by apt classification of salt as a vital agricultural product, setting up a dedicated council for the industry's development, and introducing essential support mechanisms, such as development funds and technical assistance.

Going forward, the act promises to reboot the local salt industry, thereby benefiting the craftsmen working in the sector and ultimately contributing to the nation's economy.

Another formidable accomplishment during Lee's first term was the passage of the New Agrarian Emancipation Act. This Act serves as a beacon of hope that underscores the power of collaborative governance, giving respite to farmers mired in debt and strengthening the country's agricultural base. As a catalyst for rural development, the law stands testament to Lee's unwavering dedication to welfare and justice.

Whether it was mitigating an impending surge in insurance rates or advocating for an augment in healthcare benefits, Lee's proactive stance on issues of public concern further cements his reputation as a leader who transcends traditional political boundaries.

While the future path of the committed congressman is not for us to predict, we can safely state that it'll be one that aligns with the broader interests of the Filipino populace. As his impressive first tenure showed, Lee's principal aim will undoubtedly be the greater good.

Contact Details

Bryan Feinberg

+1 551-574-2169

View source version on newsdirect.com: https://newsdirect.com/news/exploring-the-influential-leadership-legacy-of-wilbert-t-lee-a-philippine-congressional-force-205242654

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Strip Tinning reports 2023 results; eyes major growth with new automotive and EV technologies

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Strip Tinning Holdings PLC (AIM:STG) executive chairman Adam Robson joined Proactive's Stephen Gunnion with an overview of the company and highlights of its 2023 financial year.

Founded in Birmingham 50 years ago, Strip Tinning originally manufactured copper strips for automotive demisters. Over time, it evolved into a specialist producer of connectors used in car glazing systems, integrating electronics like aerials and radar within automotive glass. Recently, the company expanded into the Battery Technologies division, targeting the burgeoning electric vehicle (EV) market with specialised connectors for battery packs, marking a significant diversification of its product offerings.

Robson highlighted 2023 as a pivotal year, featuring robust commercial progress with a revenue of 10.8 million and an adjusted EBITDA of 0.1 million. The Glazing division, contributing the majority of sales, achieved a substantial turnaround, with gross margins increasing from 6% in 2020 to 40% in 2023. This recovery is credited to strategic adjustments made in response to external challenges like the Ukraine conflict and inflationary pressures. Additionally, the company recently secured significant new orders, bolstering its order book by 91% and promising considerable future growth.

Looking ahead, Robson envisions 2025 as a transformative year for Strip Tinning, driven by these new ventures, especially in the EV and smart glass markets. A recent capital raise of 5.1 million is aimed at supporting these growth ambitions, positioning the company for a potential doubling of sales over the next three years.

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Proactive UK

Proactive UK

+44 20 7989 0813

[email protected]

View source version on newsdirect.com: https://newsdirect.com/news/strip-tinning-reports-2023-results-eyes-major-growth-with-new-automotive-and-ev-technologies-934248362

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