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Ocean Power Technologies Advances Maritime Domain Awareness Solution with Successful Demonstrations

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news with Proactive regarding the company's recent achievement in completing multiple offshore demonstrations for potential customers of its Artificial Intelligence-capable Maritime Domain Awareness Solution, Merrows. These demonstrations were conducted utilizing OPT's Next Generation PowerBuoy, marking a significant milestone in showcasing the solution's capabilities to key stakeholders. Stratmann emphasized that these successful field demonstrations position OPT uniquely, allowing the company to demonstrate the fully functional Intelligence, Surveillance, and Reconnaissance (ISR) capabilities of the PowerBuoy directly to potential customers. By bypassing traditional paper studies and accelerating the sales cycle, OPT demonstrates its commitment to providing innovative and practical solutions to meet evolving maritime security needs. The Next Generation PowerBuoy, designed with survivability and cybersecurity in mind, offers a secure and reliable platform for collecting actionable intelligence in maritime environments. With the ability to securely connect to the Merrows solution from anywhere in the world, OPT provides customers with real-time insights and situational awareness to enhance maritime security operations. Furthermore, OPT's solution is designed to integrate seamlessly with Advanced AI systems, leveraging data generated by the PowerBuoy to feed into Large Language Models and other AI technologies. This integration enhances the effectiveness of maritime surveillance and enables proactive decision-making to address emerging threats and challenges. Looking ahead, OPT is scheduled to conduct further demonstrations for additional potential customers, including overseas prime contractors, in the coming weeks. These ongoing efforts underscore OPT's commitment to advancing maritime security capabilities and delivering innovative solutions to meet the evolving needs of the maritime industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 07, 2024 12:08 PM Eastern Daylight Time

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Medicus Pharma Plans Private Placement for Clinical Development Acceleration

Medicus Pharma

Dr. Raza Bokhari, Executive Chairman and CEO of Medicus Pharma joined Steve Darling from Proactive to shared insights with Proactive regarding the company's strategic initiatives, particularly its plans for a private placement of 100% unsecured convertible notes due in 2025. This move signifies a pivotal step in advancing the company's clinical development programs for novel and disruptive therapeutic assets. The private placement commenced with the first closing on May 1, involving the issuance of approximately US$5,172,500 aggregate principal amount of notes. Additionally, Medicus Pharma retains the option to issue additional notes, with the potential to reach up to US$10 million aggregate principal amount post-completion. Bokhari emphasized the company's unwavering focus on accelerating clinical development programs, underscoring the significance of the proceeds from the private placement. These funds will be allocated towards research and development initiatives, as well as fulfilling working capital needs crucial for advancing Medicus Pharma's therapeutic pipeline. One of the notable endeavors within the company's portfolio is SkinJect, a pioneering non-invasive treatment for basal cell skin cancer. Leveraging patented dissolvable microneedle patch technology, SkinJect aims to deliver chemotherapeutic agents effectively to eradicate tumor cells. By commercializing this innovative solution, Medicus Pharma seeks to address critical unmet medical needs and enhance patient outcomes in the realm of dermatological oncology. Through strategic financing and focused allocation of resources, Medicus Pharma is poised to bolster its clinical development efforts, bringing transformative therapeutic solutions to the forefront of patient care and medical innovation. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 07, 2024 12:06 PM Eastern Daylight Time

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Baselode Energy Initiates Drill Program and Geophysical Survey in Athabasca Basin

Baselode Energy Corp

Baselode Energy CEO James Sykes joined Steve Darling from Proactive to provide insights into the company's inaugural drill program and ANT geophysical survey on its Bear and Hook uranium projects, respectively, situated in the Athabasca Basin region of northern Saskatchewan. Baselode Energy has identified three primary target areas for drilling, strategically located at the intersection points of NE-SW-trending layers and cross-cutting NW-SE-oriented structures. The Bear drill program, spanning 1,500 meters with 6 to 8 drill holes, will target 2 to 3 different areas. The helicopter-supported program ensures efficient drill targeting while minimizing environmental impacts. The company has secured the necessary permits to execute the program. Additionally, Baselode Energy announced a collaboration with Fleet Space Technologies to conduct an innovative high-resolution, ground-based, satellite-connected ambient noise tomography (ANT) survey. This survey will generate a 3D model of the subsurface over ACKIO and other areas of interest. Data from the survey is expected to be received and interpreted before the commencement of diamond drilling on the Hook project in June. The company has also obtained the required permits for this program. These initiatives underscore Baselode Energy's commitment to advancing exploration efforts in the Athabasca Basin, leveraging cutting-edge technologies and strategic drilling targets to unlock the region's uranium potential. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 07, 2024 12:02 PM Eastern Daylight Time

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Ballast Rock Announces Launch of Sunbelt Multifamily Fund III

Ballast Rock

Ballast Rock, the diversified investment management firm, today announced it has launched Sunbelt Multifamily Fund III LP (“SB3”), the third private equity real estate fund in its Sunbelt series. Ballast Rock is targeting a raise of $100 million for the fund, which, like the previous Sunbelt Funds, will focus on acquiring and renovating a diversified portfolio of workforce multifamily properties in the U.S. Southeast. Ballast Rock has identified and is performing due diligence on a value-add property that would represent the first acquisition for the new fund. “The broader real estate market has experienced tremendous uncertainty, given the rise in interest rates and disruptions in the credit markets. The team have patiently been assessing the long-term impacts of these changes on our target markets and are excited to have found a potential first investment for SB3” said Thomas Carroll, Founder and Chief Executive Officer of Ballast Rock. “We have remained constructive on our core focus, which is workforce multifamily value-add, specifically in the Southeast.” “Our team has diligently been underwriting deals since our last acquisition in early 2023 and has looked at close to 400 assets in that time,” said Ian Garcia, Chief Operating Officer and Portfolio Manager for the Sunbelt Funds. “We are extremely conservative on our underwriting and will only ever consider investing in a deal if we have a high degree of confidence that it is going to clear our stringent investment objectives.” Prior Sunbelt Funds Ballast Rock launched Sunbelt Multifamily Fund I (“SB1”) in 2019 and between February 2019 and January 2021 acquired nine properties totaling 1,110 apartment units for $63,630,000. SB1 began dispositions in early 2022, generating gross proceeds of $60,450,000 from the first four properties sold. The 593 apartment units involved were acquired at an average cost of $53,583 per unit and sold at an average cost of $101,939 per unit. Ballast Rock anticipates exiting the remaining five assets in SB1 opportunistically over the next 12 to 18 months. Sunbelt Multifamily Fund II (“SB2”), launched in 2021 and between February 2021 and January 2023 acquired nine properties totaling $101,408,000, with 1,039 apartment units. In April of 2023 Ballast Rock launched Ballast Rock Capital, its broker-dealer. Ballast Rock Capital is a member of the Financial Regulatory Authority (FINRA) and the Securities Investor Protection Corporation (SIPC) and is registered with the Securities and Exchange Commission (SEC). About Ballast Rock Group Ballast Rock Group is an integrated investment management company specializing in delivering risk-adjusted returns, accurate, and timely advice, high quality frequent reporting, and direct access to management. Ballast Rock Group operates Ballast Rock Asset Management, Ballast Rock Private Wealth, and Ballast Rock Capital. Ballast Rock Asset Management comprises Ballast Rock Real Estate, which includes the firm’s Sunbelt multifamily real estate funds, and Ballast Rock Ventures, comprising venture capital and private equity teams. Ballast Rock Private Wealth is a registered investment advisor, with a focus on alternative strategies. Ballast Rock Capital is awaiting approval to become a FINRA-registered broker-dealer. Ballast Rock is committed to being a driver of positive change. The diversity of our team members brings valuable new perspectives to our industry for the benefit of our stakeholders and the broader community. Investment Disclosure The information contained in this press release has been prepared by Ballast Rock Holdings LLC (“Ballast Rock”) without reference to any particular reader’s investment requirements or financial situation. Potential investors are encouraged to consult with professional tax, legal, and financial advisors before making any investment into a private offering of securities. An investment in private securities would be speculative and would involve a high degree of risk. Investors must be prepared to bear the economic risk of such an investment for an indefinite period of time and be able to withstand a total loss of their investment. Please carefully consider the investment objectives, risks, transaction costs, and other expenses related to an investment prior to deciding to invest. Ballast Rock Capital LLC (“BRC”), MEMBER: FINRA / SIPC. BRC’s registered head office is 460 King Street, Suite 200, Charleston, SC, 29403. Tel: 800-204-2513. To check background information about BRC and its representatives, visit FINRA’s BrokerCheck. Please see important disclosure information in our Form CRS. Contact Details For Ballast Rock press@ballastrock.com Company Website https://www.ballastrock.com/

May 07, 2024 12:00 PM Eastern Daylight Time

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Skye Bioscience Moves to Nasdaq, Hits Milestone in Clinical Program

Skye Bioscience Inc

Skye Bioscience CEO Punit Dhillon joined Steve Darling from Proactive to share news announcing the company's uplisting of its common stock to the Nasdaq stock exchange, trading under the ticker symbol "SKYE." This achievement signifies a significant milestone for the company, reflecting advancements in its Phase 2 clinical programs, financial position, and shareholder base. Dhillon further disclosed that Skye Bioscience reached another critical milestone by successfully dosing 56 patients with SBI-100 Ophthalmic Emulsion in its Phase 2a study and completing final study visits for all participants. SBI-100 OE, a cannabinoid receptor type 1 agonist administered topically to the eye, is designed to address the unmet needs of patients with elevated intraocular pressure related to primary open-angle glaucoma or ocular hypertension. Notably, all treated patients completed the study without early discontinuations due to adverse events, demonstrating the safety profile of SBI-100 OE. The company anticipates releasing topline data for the entire study in the second quarter, marking a significant milestone in advancing its clinical program. Skye Bioscience's move to the Nasdaq exchange underscores its commitment to enhancing visibility, expanding its investor base, and unlocking value for shareholders as it progresses in its mission to develop innovative therapies for ocular diseases. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 07, 2024 11:59 AM Eastern Daylight Time

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StreamLayer and Kaizen Partner to Transform the Betting Experience

StreamLayer

StreamLayer, an audience engagement technology company focused on transforming the live sports viewing experience across mobile devices and CTVs, is bringing interactive viewing to Kaizen bettors worldwide. The partnership extends across 12 countries on three continents, accommodates seven different languages, and is already delivering impressive results. StreamLayer’s next-generation video engagement and monetization solution enables streaming platforms—including media companies, leagues, and increasingly, sportsbooks—to transform their live content into highly engaging interactive viewing experiences. This innovation drives subscriber growth, reduces churn, and significantly expands monetizable opportunities. Having been utilized during some of the largest live-streamed sporting events on record, StreamLayer’s technology consistently generates substantial boosts in viewing times and other key engagement metrics. Now, for the first time, StreamLayer and Kaizen are leveraging this technology to give sports bettors compelling reasons to stay engaged on their apps during live games, thereby increasing user sessions and, consequently, overall handle. "Until now, sportsbooks have struggled to retain users in their apps once the game begins, missing out on a tremendous monetization opportunity between the kickoff and final whistle," said John Ganschow, CEO of StreamLayer. “Kaizen has been at the forefront of addressing this challenge, so we’re incredibly proud to partner with them and bring our proven technology to the betting industry for the first time.” View promotional video here. StreamLayer is revolutionizing the economic model for OTT providers around the globe. The Company’s proprietary Video Engagement Operating System (VEOS) enables content programmers and broadcast rights holders to transform linear streaming video feeds into highly monetizable interactive viewing experiences, seamlessly integrated into their own native app environments to facilitate valuable first-party data collection. StreamLayer is headquartered in Chicago, IL. Contact Details StreamLayer John Ganschow +1 312-543-0488 john@streamlayer.io Company Website https://www.streamlayer.io/

May 07, 2024 10:19 AM Central Daylight Time

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Increase in Fund Managers launching hedge funds via CV5

CV5 Capital

CV5 Capital, a Cayman Islands asset manager and leader in the provision of hedge fund solutions for emerging managers to launch and manage regulated and audited hedge funds (and crypto funds) that encompass best-in-class service providers, a core focus on governance and compliance plus full support. This enables fund managers to focus on the core activities of the investment strategy, raising capital and building an audited track record. All funds launched are registered with the Cayman Islands Monetary Authority (CIMA) and audited by a CIMA approved auditor. David Lloyd, Managing Director at CV5 Capital, “We are delighted to see so many fund managers globally elect CV5 as their partner of choice to launch their hedge fund. Given the increased scrutiny by investors and ever-increasing compliance, regulatory, governance and internal controls, particularly for crypto fund investors, CV5 and CV5 Digital have grown significantly whilst still providing the ability to launch a fund in just 4 weeks with tier-1 service providers in place and ongoing support. We look forward to supporting the future growth of fund managers and maintain our position as the leading solution for launching and operating a hedge fund.” CV5 Capital Centennial Towers, 205c 2454 West Bay Road, Grand Cayman, KY1-1303,Cayman Islands Registered as registered person under the Securities Investment Business Act with the Cayman Islands Monetary Authority/ Cert No. 1885380 Email: info@cv5capital.io https://www.cv5capital.io/ For further information, please contact us: info@cv5capital.io Contact Details CV5 Capital David Liyod info@cv5capital.io Company Website https://www.cv5capital.io/

May 07, 2024 10:54 AM Eastern Daylight Time

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Shedding Light on Cystic Fibrosis Awareness Month

YourUpdateTV

Cystic fibrosis (CF) is a rare, progressive, and genetic disease that currently affects about 40,000 people in the United States. CF is the result of a defective gene, inherited from each parent, and the disease can impact people of all races and ethnicities. Recently, KC White, Board Chair of the Cystic Fibrosis Foundation, participated in a nationwide satellite media tour to discuss the disease, her personal journey, and how the Foundation is helping progress care and treatment options. A video accompanying this announcement is available at: https://youtu.be/8wj8u0JEqLU CF is a life-shortening disease that prevents our bodies from clearing mucus. This can lead to lung infections, poor nutrition, lung disease, and a host of unique challenges that can impact every aspect of a person’s life. When it was first discovered, it was considered a fatal pediatric disease. But due to transformative advancements in treatments and high-quality care, the life-expectancy for someone born with CF today is 56. While that number is climbing there is still a long way to go and unfortunately, not all people with CF equally benefit from this progress. KC White was elected chair of the Cystic Fibrosis Foundation’s Board of Trustees in 2022 after serving on the Board since 2005. Diagnosed with cystic fibrosis at age 3, White has been a committed volunteer and inspiring advocate for the Foundation since childhood and is the first person with CF to serve as board chair. When she was diagnosed, she wasn’t expected to live past high school age, but her family refused to accept that fate, which prompted their dedication to the Foundation’s work. Because of recent treatments known as modulators, about 90% of the CF population (including KC) experienced an incredible transformation in their health. With this though, comes navigating unplanned challenges including careers, finances, family, and more. In addition to fueling the research, particularly in genetic therapies, that will lead to transformative treatments for the entire CF population, the CF Foundation works to support the CF community in all aspects of their lives through support programs and fostering connection opportunities. Every May, the cystic fibrosis community comes together for CF Awareness Month to educate the public about the rare disease, share personal stories, and encourage people to get involved and unite behind a shared mission: finding a cure for all people with CF. The CF Foundation is committed to finding a cure and providing all people with CF the opportunity to lead long, fulfilling lives. The Foundation is aggressively funding research and drug development, advancing high-quality, specialized care, and partnering with and advocating for the CF community. For more information, visit CFF.ORG/CFMONTH About KC White KC White was elected chair of the Cystic Fibrosis Foundation’s Board of Trustees in 2022 after serving on the Board since 2005. Diagnosed with cystic fibrosis at age 3, White has been a committed volunteer and inspiring advocate for the Foundation since childhood, speaking at her first Foundation event when she was only 9 years old. She is the first person with CF to serve as board chair. White received her Master of Applied Positive Psychology from the University of Pennsylvania in 2022 and currently serves as an assistant instructor in the program. She is also the Head Varsity Women’s Lacrosse coach for the Chagrin Falls, Ohio, Tigers. She and her husband, Justin, have one son, Mac. About the Cystic Fibrosis Foundation The Cystic Fibrosis Foundation is a donor-supported nonprofit organization leading the relentless pursuit of a cure for cystic fibrosis. The Foundation is committed to providing all people with CF the opportunity to lead long, fulfilling lives by funding research and drug development, advancing high-quality, specialized care, and partnering with and advocating for the CF community. The Foundation funds more CF research than any other organization, and nearly every CF drug available today was made possible because of Foundation support. The organization supports and accredits a national network of over 130 CF care centers recognized by the National Institutes of Health as a model of care for a chronic disease. Also, the Foundation manages support programs and fosters connection opportunities for the CF community. Based in Bethesda, Md., the Foundation’s impact is made possible by the work of nearly 70 local chapters across the country. Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

May 07, 2024 09:23 AM Eastern Daylight Time

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Introducing the New Ryvid Outset Electric Motorcycle and Extremely Accessible New Pricing

Ryvid, Inc

The Ryvid Outset adds an exciting second model to the lineup of the California-based company, which was founded in 2022 and began deliveries of the first Ryvid Anthem Electric Motorcycles in September 2023. The scrambler-style Outset is a striking option for customers wanting an electric motorcycle for commuting and multi-road adventure. What’s more, because Outset shares a number of key components with Anthem, it opens a unique opportunity for riders to convert one into the other to suit their needs. Offering greater suspension travel to deal with challenging surfaces as well as a longer, narrower motocross-style seat, and fitted with multi-role Dunlop Mutant tires, the Ryvid Outset is perfect for urban exploration and beyond. It shares the Anthem’s rigid folded steel backbone frame, instrument display, removable 4.3kWh battery with integrated charger, 72V air-cooled brushless DC motor, controller, and sealed belt drive. The Outset’s vital statistics include up to 70 miles range* and 75mph+ top speed. As such, riders need a motorcycle license to ride the Outset and Anthem, which offer motorcycle brake positions and a twist throttle. Outset has a 33” seat height but its compliant suspension and narrow cushion means it will comfortably accommodate a range of riders. Further differentiating it from Anthem, Outset gets its own headlight design, mirrors, wider handlebar, seat unit and suspension. The more upright riding position also necessitated repositioning the footpegs forward and adding a longer kickstand. By removing the Anthem’s adjustable seat mechanism and employing less body panels among a raft of changes, Ryvid has been able to offer Outset at $500 less than its flagship Anthem. Weighing just 315 lb, the Outset shares the Anthem’s featherweight architecture and low center of gravity. With its major components positioned at axle level, both the Outset and Anthem exhibit extraordinary handling characteristics, making it extremely easy to change direction at high speed or maneuver at slow speed. Another benefit of electric power is the Ryvid Reverse Gear. At the push of a button when stopped, the rider is able to move the motorcycle backwards at walking speed to extricate it from perhaps a tight parking position or awkward slope. ACCESSIBLE PRICING Originally priced at $8,995, Ryvid has been able to significantly reduce the Anthem price to $6,495 and introduce the Outset at $5,995 thanks to a number of factors. “From Ryvid's inception, our primary goal has been to provide the most accessible light electric vehicle to a broad audience. In order to disrupt the light electric mobility sector, it was essential to not only innovate our products but also our value proposition,” said Dong Tran, Ryvid Founder and CEO. “Creating a new generation of two-wheel electric adopters meant competing effectively on the specification-versus-price ratio against both existing EVs and traditional ICE vehicles. Achieving competitive pricing would be challenging until we could execute several key post-launch initiatives,” he continued. Among those initiatives, a new assembly facility in San Bernardino, CA has been key to the aggressive pricing structure. Coming online in February, its introduction allowed Tran’s targets to be met: 1. Increase production volume to negotiate lower parts costs 2. Expand the product range using the same platform, simplifying both the build process and product configurations 3. Optimize the supply chain to benefit cost and logistics “Our team has focused on reaching these objectives over the past two years,” Tran continued. “Their relentless efforts have reached a milestone with the Ryvid Anthem. Available now, it will sell for $6,495, setting a new benchmark as one of the world's most affordable electric motorcycles, based on specification. We're also excited to announce the launch of orders for our new Outset model priced at $5,995, with shipping scheduled to begin in Summer 2024.” As an additional incentive for the first customers, Outset will be offered with a free Power Controller Upgrade by ASI while supplies last. The same ASI controller will be available as an $800 upgrade for all Anthem and Outset owners, and can be retro-fitted to existing Anthem motorcycles. MODULAR DESIGN In yet another industry first from Ryvid, existing owners of the Anthem Electric will be able to purchase the parts necessary to convert their motorcycle into the new Outset model at a fraction of the price of the complete machine thanks to its shared components. The conversion parts will be available from the Interactive 3D Parts Catalog at ryvid.com, which currently lists every part of the Anthem for service or repair, and will soon be joined by Outset-specific parts. A list of parts and instruction video will be provided to guide Anthem owners when converting their Outset, and vice versa. With the option to customize the Ryvid motorcycle into a totally different machine, creating a distinct new character, owners will be able to build the bike that suits their needs or even their mood. AVAILABLE TO ORDER Riders can visit ryvid.com to order the new $5,995 Outset for Summer delivery in either Sector Red or Vapor Grey, or the $6,495 Anthem for immediate delivery in a choice of six colors. Riders must have a motorcycle license in order to ride both the Anthem and Outset. *Range is currently estimated until the Ryvid Outset is subjected to the Urban Dynamometer Driving Schedule to establish recognized city and highway range figures, which will be shared shortly at ryvid.com. Battery range may vary and can depend on conditions such as rider weight, speed, temperature, wind, tire pressure, terrain, incline, etc. RYVID OUTSET SPECS Power System: 72V air-cooled, brushless, DC motor, removable 4.3kWh Lithium-Ion battery with integrated 3.3kW charger Power: rated at 10hp (7.5kW), peak power 20hp (14kW) Peak Torque: 53 ft-lb Drivetrain: clutchless Direct Drive transmission, 4.7:1 ratio Continental Synchroforce Carbon drive belt, selectable reverse gear limited to 5mph Charging time: 110V – 0-80% in 2.3hr, 0-100% in 3.25hr. 220V or Level 2 adapter – 0-80% in 1.3hr, 0-100% in 1.85hr Range: up to 70 miles (Eco Mode) Speed: 75+ mph Ride modes: Sport Mode, Eco Mode with regenerative braking, cruise control, Reverse Drive limited to 5mph Frame: lightweight, folded stainless steel, 12 lb Tires: Dunlop Mutant Brakes: hydraulic four-piston front caliper with 320mm rotor, twin-piston rear with 240mm rotor Suspension: inverted front fork, preload and damping adjustable, 6.5” travel. Rear monoshock, preload and damping adjustable, 1.8” travel Weight: 315 lb with battery Carrying capacity: 330 lb Wheelbase: 52” Rake & Trail: 26 degrees, 6” Seat height: 33” Rider display: 4.9” TFT display Price: $5,995 Colorways: Sector Red or Vapor Grey Warranty: limited lifetime on frame, 2 years limited on motorcycle parts & battery EDITOR’S NOTE High-resolution images of the Ryvid Outset and Anthem are available at ryvid.com/pages/media-room A Ryvid Outset video is available to view and share here: youtu.be/dJk8pev-Qic?si=xQhIVzmJjEtpKlx- Editorial staff wishing to ride the Ryvid Anthem or Outset should please use the Media Contact below. ABOUT RYVID Ryvid is a cutting-edge manufacturing corporation in the high-growth field of Electric Light Vehicles. Founded by enthusiasts, engineered by innovators, and designed by aerospace industry gearheads, the Ryvid mission is to create more sustainable and enjoyable personal mobility. The company name was derived by merging Rhythm and Avid; elements of motion and emotion that define the experience of using our products. Ryvid produces revolutionary, lightweight, affordable electric motorcycles with a significantly lower carbon footprint than its competitors. With the same innovation applied to all models, Ryvid is poised to revolutionize urban commuting. Ryvid products are designed and assembled in California. For further information, please visit ryvid.com The Ryvid Anthem is available for delivery now at $6,495. The new Ryvid Outset is available at $5,995, with deliveries beginning Summer 2024 Contact Details Greg Emmerson greg@theidagency.com Company Website https://ryvid.com/

May 07, 2024 06:10 AM Pacific Daylight Time

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