Freshworks Unveils New Generative AI Enhancements Across Product Lines to Power Greater Business Efficiency

Freddy, Freshworks’ AI assistant, continues to advance to make generative AI more accessible to employees in support, sales, marketing and IT, making their everyday work easier

Freshworks’ New Generative AI Enhancements

The new Freddy AI capabilities leverage Freshworks’ domain expertise in sales, marketing, customer support and IT to deliver artificial intelligence that helps eliminate busy work and makes doing work easier and more delightful. Freddy Copilot offers contextual assistance, offloads repetitive tasks, and maximizes team productivity by enabling developers and employees in support, sales, and marketing to use conversations to get their work done; Freddy Self Service offloads monotonous work to bots to scale support and deliver excellent customer experiences; and Freddy Insights automates the analysis of their daily productivity and provides recommendations to drive greater business impact.

SAN MATEO, Calif., CHENNAI, India, June 21, 2023 (GLOBE NEWSWIRE) — Freshworks Inc., (NASDAQ: FRSH) today announced Freddy Self Service, Freddy Copilot and Freddy Insights to make artificial intelligence more accessible to every workplace. The new predictive and assistive generative AI capabilities embedded within Freshworks solutions and platform go beyond content generation and help support agents, sellers, marketers, IT teams and leaders become more efficient with a revolutionary new way to interact with their business software.

The new Freddy AI enhancements will be demonstrated for the first time at Freshworks’ Q2 ’23 Launch event, adding to the AI upgrades launched in March that have reduced time to complete work tasks in sales, marketing and support by as much as 83%.

Freshchat with Freddy Copilot

Freshworks’ Freshchat offers automated conversational prompts, powered by Freddy Copilot.

“Our goal at Freshworks is to put the power of generative AI in the hands of the Fortune five million, not just the Fortune 500 enterprise,” Girish Mathrubootham, Founder and CEO. “We’ve been helping customers run more efficient businesses with AI for half a decade and know they don’t need a billion apps to do so. Every department could benefit from a workplace assistant that maximizes productivity, and that’s what Freddy AI can do – for the support agent, sales person, marketer, IT manager, HR professional, developer and more.”

The new Freddy AI capabilities leverage Freshworks’ domain expertise in sales, marketing, customer support and IT to deliver artificial intelligence that helps eliminate busy work and makes doing work easier and more delightful. Freddy Copilot offers contextual assistance, offloads repetitive tasks, and maximizes team productivity by enabling developers and employees in support, sales, and marketing to use conversations to get their work done; Freddy Self Service offloads monotonous work to bots to scale support and deliver excellent customer experiences; and Freddy Insights automates the analysis of their daily productivity and provides recommendations to drive greater business impact. Together, Freddy generative AI capabilities help businesses automate, scale, and derive actionable insights from their work.

Freshworks Inc

Freshworks chose to integrate Microsoft Azure OpenAI Service into Freddy AI solutions to ensure the privacy and security of Freshworks customers data. John Montgomery, Corporate Vice President, Azure AI Platform at Microsoft said, “Microsoft and Freshworks are working together to bring the power of generative AI with enterprise-level security and compliance into the workplace for companies of all sizes. We believe in Freshworks’ mission and we’re excited to see how people in customer support, IT, sales and marketing can transform their customer and employee experiences with Microsoft Azure OpenAI.”

Freddy Copilot for a More Efficient Way to Sell, Market, and Develop

Freddy Copilot for support, sales, marketing and developers helps users speed up workflows using conversational prompts to do their jobs within Freshworks products and build new applications to extend them. Beta deployments of Freddy Copilot have been used by 390 companies and reduced effort by as much as 83%. More than 2,500 developers already using Freshworks Developer Platform can now use Freddy Copilot to develop innovative, high-quality, reliable apps faster.

Freshworks Inc

Freddy Self Service for More Personalized Customer & Employee Support at Scale

Freddy Self Service gives companies the tech to deliver personalized automation at scale. This is possible using the Freshworks platform and large language model (“LLM”) for personalized automation that fuels agent productivity. Leveraging large language and account-specific models, Freddy Self Service handles large portions of L0/L1 queries from employees and customers within Freshdesk and Freshservice while delivering personalized responses. This allows customer support and IT personnel to focus on higher value projects and tasks.

“Freshworks has quickly become the center of IQor’s digital customer and employee universe,” said Sergey Kolosovosky, Senior Vice President of Application Development and Solutions at IQor, a U.S. business processing firm with 40,000 employees using Freshworks Freddy AI capabilities. “Using these new AI solutions, we’re excited to equip our customers and employees with the tools they need to enable their daily functions and deepen our engagement with them, allowing us to focus on the key priority, creating happy employees and delighted customers. Having access to great software, supercharged by generative AI, is a game changer for us.”

Freddy Insights for Automated and Actionable Business Leader Intelligence

Freddy Insights helps businesses to streamline operations and drive business growth. Freshworks’ generative AI analyzes customer and employee support data to automatically identify areas for improvement. It also is able to analyze marketing and sales effectiveness and recommends optimizations that can improve performance and increase revenue. Freddy Insights also offers proactive quality management that evaluates support quality, helps find out if staff are delivering on established goals and guides agents to get better with every customer conversation.

“For far too long companies have spent time and energy training humans to understand software. Now with generative AI, products are learning to adapt to how humans think,” said Prakash Ramamurthy, Chief Product Officer at Freshworks. “Freshworks has a unique opportunity to bring greater productivity and proactive insights to businesses of all sizes and help our customers turn generative AI into business momentum.”

Freshworks’ goal is to have Freddy AI solutions unify the strengths of a range of LLMs to optimize business performance and speed deployments. Freshworks will build out proprietary language models and incorporate general purpose LLMs to address customer specific needs.

To learn more about the Freshworks Q2 ’23 Launch, visit the Freshworks website or register for our virtual event on June 22. All the innovations announced today are available for beta testing.

About Freshworks
Freshworks Inc., (NASDAQ: FRSH) creates business software anyone can use. Purpose-built for IT, customer support, and sales and marketing teams, our AI-boosted products are designed to let everyone work more efficiently and deliver more value for immediate business impact. Headquartered in San Mateo, California, Freshworks operates around the world to serve more than 60,000 customers, including American Express, Blue Nile, Bridgestone, Databricks, Fila, Klarna, and OfficeMax. For the freshest company news, visit www.freshworks.com and follow us on Facebook, LinkedIn, and Twitter.

Media Relations Contact:
Jayne Gonzalez
PR@freshworks.com

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Copenhagen Infrastructure Partners announces investments of USD 350 million in Korean offshore wind projects

On behalf of Copenhagen Infrastructure Partners (CIP), Managing Partner Jacob Baruël Poulsen on June 21, 2023, signed an Investment Notification Form in the presence of the Republic of Korea’s President Yoon Suk-Yeol committing to investments of USD 350 million into offshore wind projects in Korea.

COPENHAGEN, Denmark and SEOUL, South Korea, June 21, 2023 (GLOBE NEWSWIRE) — The investments from CIP’s Flagship funds will support the development and construction of GW-scale offshore wind projects in Korea, where CIP since 2018 has been developing offshore wind projects and secured Electricity Business License for those projects. The projects include both fixed bottom and floating offshore wind and are located in the Jeonnam Province, including Shinan County, Yeonggwang County, and the Ulsan region.

The projects which are developed by Copenhagen Offshore Partners (COP), the exclusive offshore wind development partner to CIP, will support Korea’s ambitious target of reaching 14,3GW of offshore wind power by 2030, a significant increase compared to the existing 0,1GW installed today. Korea has vast potential for offshore wind and has pledged to achieve carbon neutrality by 2050 which will require delivery of additional large-scale renewables including offshore wind projects.

Jacob Baruël Poulsen, Managing Partner at CIP, commented: “I am proud to have announced before President Yoon Suk-Yeol our plan and commitment to significant invest in the strong offshore market and industry in Korea on behalf of CIP’s Flagship Funds. We have, since entering the Korean market in 2018, worked diligently with local companies, authorities, and communities to develop wind power supply networks and foster an even stronger industry ecosystem. And we look forward to accentuating these efforts by investing 350 million US dollars to develop GW-scale offshore wind projects in Korea which will make a meaningful contribution to both the local and global green transition.”

David Taesung Yoo, Co-CEO of COP Korea, said: “The investment of 350 million US dollars will go to development of our offshore wind portfolio in Korea including the advanced 99MW Jeonnam 1 project. We have grown our team to about 70 people based in Korea including expatriates and local offshore wind experts and this investment will allow us to continue growing the team and sharing of know-how with local partners and further the local content contribution. By materializing our GW-scale project we hope to create momentum in the Korean offshore wind market.”

CIP entered Korea in 2018 and has since invested significantly and introduced innovative technologies to the market. CIP’s Energy Transition Fund – the largest dedicated clean hydrogen fund globally – is exploring opportunities for cooperation and development of its Power-to-X business and CIP is also looking to expand its concept of energy island to Korea.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.com

About Copenhagen Offshore Partners
Copenhagen Offshore Partners (COP) is a world leader in offshore wind project origination, development, and construction. COP is accelerating the energy transition through development of a 50+ GW project portfolio, one third of which represents floating offshore wind. The group also specializes in system integration capabilities, including power-to-x. COP’s expert team are advancing projects across 17 offices in Europe, Asia Pacific, and the Americas. COP is a proudly independent company owned by its management. Learn more at www.cop.dk

For further information, please contact:

Copenhagen Infrastructure Partners
Simon Augustesen, VP Communications
Phone: +45 30526721
Email: siau@cip.com

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.com

Copenhagen Offshore Partners
Jamie Shellenberger Bessmann– Head of Communications
Phone: +45 53547375
Email: jsb@cop.dk

GlobeNewswire Distribution ID 1000826342

Global Seafood Trade Fair: Unveiling New Business Opportunities for Chinese Aquatic Pre-cooked Dishes in Overseas Markets

The Global Seafood Trade Fair

Global Seafood Trade Fair: Unveiling New Business Opportunities for Chinese Aquatic Pre-cooked Dishes in Overseas Markets

GUANGZHOU, China, June 21, 2023 (GLOBE NEWSWIRE) — The Global Seafood Trade Fair Co-Located with The 3rd Liang Zhi Long Cantonese Cuisine E-Commerce Fair 2023 will be held from June 28th to June 30th, 2023 by Wuhan Shihedao Network Technology Co., Ltd.

With an impressive exhibition area of 40,000 m2, featuring over 800 exceptional exhibitors, and expected to attract more than 50,000 trade visitors. The Global Seafood Trade Fair will showcase various fishery and aquatic products, including live seafood, dry goods, pre-cooked dishes, raw material processing and catering packaging equipment, refrigeration equipment, and so on. Furthermore, the event will bring together international enterprises and suppliers from Thailand, Ecuador, the United States, Australia, France, other countries and regions, who will showcase feature seafood products from around the world.

According to global market statistics for pre-cooked dishes, the industry was valued at US$148.67 billion in 2022 and is expected to reach US$214.71 billion by 2030. As global trade recovers, the demand for pre-cooked dishes will continue to grow. The exhibition will specially set up a pavilion to showcase popular pre-cooked dishes for exhibitors and provide valuable insights into the global pre-cooked dishes market.

In addition to the seafood exhibition, over 20 wonderful activities, including food-tasting sessions, category promotions, and cooking competitions, will be held during the Global Seafood Trade Fair. These include the Opening Ceremony of the Feast of Hot Pot Delights and the China Artistic Seafood Presentation: Artistic Cold Dish Competition. Notably, a series of industry summit forums will also take place, such as the First Edition Pre-cooked Dishes Export Forum of the Greater Bay Area Pre-cooked Dishes (Nansha) Export Zone, the 18th Tilapia Industry Development Forum, Sustainable Development Technology Forum for Aquatic Food Ingredients, and Deep Sea Aquaculture and Seafood Market Summit 2023. These forums will empower the discussion and the development of the seafood and aquatic pre-cooked dishes industry.

The Global Seafood Trade Fair extends a warm invitation to visitors and traders to attend and explore the event in Zone D of the China Import and Export Fair Complex in Guangzhou from June 28th to 30th.

Media contact:
Ms. Rachel CHEN
Mobile: +86-136 3232 6056

E-mail:
rachelchen@chinascj.com
service@globalseafoodex.com
Website: www.globalseafoodex.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0a138bdc-f09a-4c2a-a844-5f245ad57060

GlobeNewswire Distribution ID 8861805

James Absalom Elevated to Chief Commercial Officer – International at ZRG

LONDON and NEW YORK, June 21, 2023 (GLOBE NEWSWIRE) — ZRG Partners, a leading global talent firm backed by private equity firm RFE Investment Partners, today announced the promotion of London-based executive James Absalom to the position of Chief Commercial Officer – International.

Absalom became part of ZRG when his previous firm that he founded as CEO in 2015, Walter James, was acquired in December 2021. In that time, revenues with the Walter James division have increased 23%. He has worked across numerous client verticals, including Consumer & Retail, Life Science, Industrial, Financial Services, Sustainability and Technology. His client portfolio includes global entities like Colgate-Palmolive, Gruppo Campari, SC Johnson, Unilever, Haleon, and Imperial Brands as well as numerous private equity and privately owned high growth organizations.

“James will be responsible for maximizing growth across all our business lines, including executive search, DEI, interim management, leadership & assessment consulting, and recruitment process outsourcing (RPO) and showcase our truly collaborative, end-to-end talent advisory firm,” said Larry Hartmann, CEO of ZRG. “We are confident he will help us grow our business practices all across the globe.”

In his new role, Absalom will oversee growth of ZRG’s international footprint in Latin America, Europe, the Middle East, Asia Pacific, and Australia. In keeping with ZRG’s M&A focused growth strategy, he will also work closely with the board to identify, acquire, and integrate M&A targets internationally.

“I am excited to take on this newly created leadership role at ZRG Partners to grow our global client base,” Absalom said. “I am working with practice leaders, senior partners, and others throughout our worldwide network to provide best in class functional, geographical and sector expertise to ensure we can offer clients both a global footprint but also local partnership. My plan is to ensure we build long lasting, impactful, and value-driven business results where we focus on matching the right executives to the unique culture of our clients.”

Absalom will also continue to fulfil his senior partner role by originating and leading large searches across the C-Suite, managing his own clients, and bringing people in to grow the firm’s client base and business lines.

ZRG’s new Chief Commercial Officer’s experience includes working with complex global organizations in senior leadership positions that require both change and transformation.

Founded in 1999, ZRG, is one of the fastest growing global executive search firms in the search industry. With the financial backing of private equity investor RFE Investment Partners, ZRG provides a full suite of executive, middle-management, and customized search solutions through its offices in North America, Europe, South America, and Asia. The firm finds leaders across a broad spectrum of business markets, including aerospace, consumer, education, healthcare services and solutions, industrial, life sciences, non-profit, private equity and venture capital, and technology.

Contact: John Mooney, Over the Moon PR, (908) 720-6057, john@overthemoonpr.com.

GlobeNewswire Distribution ID 8861627

Music: ‘Opera Italiana is in the Air’ on June 26 in Central Park, NY

Renowned Italian conductor Alvise Casellati

Renowned Italian conductor Alvise Casellati

MILAN, Italy, June 21, 2023 (GLOBE NEWSWIRE) — Renowned Italian conductor Alvise Casellati brings his fresh, modern world tour ‘Opera Italiana is in the Air’ to the Naumburg Bandshell in Central Park on June 26 at 7.00 pm. The free concert, entitled ‘Peace on Earth: The Art of Nature’, transforms the experience of opera by making its beauty accessible and enjoyable for all. ‘Opera Italiana is in the Air’ takes concerts out of the world’s most elegant concert halls into the open air. Casellati collaborates with top industry professionals and young musicians and composers (performing in casual clothing), bringing them together to create high-quality outdoor concerts that are modern, diverse, informal, fun and free of charge.

This year, the event features a piece by 11-year-old Isaac Thomas, a student at the Juilliard School. His piece, ‘All Around Earth’, was selected by Maestro Casellati as the winner. “Nature is the ultimate masterpiece, and it is the duty of every individual to take daily steps to respect and preserve it. To praise nature, we present a programme that highlights how the best composers have celebrated nature through their music, including 11-year-old composer and Juilliard student Isaac Thomas, a talent well beyond his years,” says Casellati. Isaac Thomas, violinist and pianist, is honoured to take part in the performance of ‘Opera Italiana is in the Air’: “I am thrilled that ‘All Around Earth’ will be performed outdoors in this beautiful city, where the great energy of the audience will play a key role in making this concert a success,” he says.

The musicians who will perform in Central Park include members of the Metropolitan Opera, Juilliard students, celebrated sopranos such as Angela Meade, Valentina Gargano and Mariam Suleiman, and rising stars from the Young Artist Program of the Teatro dell’Opera di Roma. Members of The Rising Voices Choir from the Department of Music Therapy at Memorial Sloan Kettering Cancer Hospital will perform the US National Anthem with the orchestra. The concert will also be streamed for patients in the hospital and through Opera Italiana’s YouTube channel. “Opera has been popular for 425 years, but over the past 75 years it has gradually been perceived as music for the elite. It is not. It is as relevant to audiences today as it always has been, and we want to bring it to a wider and younger audience, who will see it and fall in love with it as so many others have done,” Casellati explains.

Besides this performance in New York City, the ‘Opera Italiana is in the Air’ Summer 2023 concert tour has already made a stop in Rome with family-friendly events. In September, the tour will conclude with a performance on the National Mall in Washington, DC. In previous years, Casellati toured Washington, New York, Miami, Rome, Naples, and Milan to showcase Italian opera, a candidate for UNESCO World Heritage status in 2022. ‘Opera Italiana is in the Air’ is produced under the patronage of the Consulate General of Italy in New York and the Italian Cultural Institute of New York.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/bbc9647c-16db-44b7-8847-87e2f4664e6b

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

For more information:
Press Office LaPresse - ufficio.stampa@lapresse.it

GlobeNewswire Distribution ID 8861978

Italy and France: united to address the major European challenges

Christian Masset Ambassador of the French Republic to Italy

Christian Masset Ambassador of the French Republic to Italy

Under the High Patronage of the President of the Italian Republic Sergio Mattarella and the President of the French Republic Emmanuel Macron, the sixth edition of the Italian-French Dialogues for Europe at the Luiss University

Rome, 20 June 2023 – Italy and France: united to address the major European challenges, this is the title of the meeting of the sixth edition of the Italian-French Dialogues for Europe, an initiative launched in 2018 by Sciences Po and Luiss Guido Carli Universities, in collaboration with The European House – Ambrosetti – which took place on the Luiss campus, under the High Patronage of the President of the Italian Republic Sergio Mattarella and the President of the French Republic Emmanuel Macron.

Mathias Vicherat, Director, Sciences Po, Vincenzo Boccia (President, Luiss University), Arancha González Laya (Dean, Paris School of International Affairs, Sciences Po)

In the picture, from left to right, are: Mathias Vicherat, Director, Sciences Po, Vincenzo Boccia (President, Luiss University), Arancha González Laya (Dean, Paris School of International Affairs, Sciences Po)

«The Italian-French Dialogues represent a significant opportunity to discuss the upcoming challenges that the European Union will face, especially considering the profound transformations that will affect the socio-economic aspects of both countries and of Europe as a whole – said Paola Severino, Vice President, Luiss University – Luiss and Sciences Po are at the forefront of contributing to the process of strengthening economic, diplomatic and cultural exchanges between Italy and France. Through programs that enable thousands of young people to travel and study abroad, we cultivate the values of integration, culture and European citizenship. Receiving the High Patronage of the Presidents of Italy and France this year is a source of pride for us».

Paola Severino Vice President Luiss University

Paola Severino Vice President Luiss University

«The Italian-French Dialogues are central to Sciences Po’s ambition as an international university committed to making Europe one of the priorities of its teaching and research priorities. We have a privileged relationship with Italy as evidenced by our newly established double degree program with Luiss», said Mathias Vicherat, Director, Sciences Po.
Sciences Po and Luiss universities have established a joint French-Italian double degree program in the field of Humanities and Social Sciences. This unique program allows students to earn a bachelor’s degree from both institutions within a span of four years. The curriculum entails spending the first year at Luiss, followed by two years at Sciences Po. Upon successful completion of the program, students will proudly hold a prestigious double degree from Luiss and Sciences Po, showcasing their academic achievements in both Italy and France.
The proceedings were introduced by Vincenzo Boccia (President, Luiss University), Andrea Prencipe (Rector, Luiss University), Emanuela D’Alessandro (Ambassador of the Italian Republic to France) and Christian Masset (Ambassador of the French Republic to Italy).


The first panel focused on the major European challenges, and featured debates with Veronica De Romanis (Professor of European Economic Policy, Stanford University Florence; Luiss University) and Arancha González Laya (Dean, Paris School of International Affairs, Sciences Po). The second panel discussed bilateral exchanges for a more competitive Europe and included Giuseppina Di Foggia (CEO, Terna), Valerio De Molli (Managing Partner & CEO, The European House – Ambrosetti) and Xavier Ragot (President, Observatoire Français des Conjonctures Economiques – OFCE).
During the event, the IPSOS Italia survey titled “Two Countries in the Mirror: France-Italy”, was presented. The survey, conducted with the support of Edison, examined the opinions of French and Italian citizens on economic, energy and political issues. Nando Pagnoncelli (President, IPSOS Italy) and Marc Lazar (Professor Emeritus, Sciences Po; holder of the BNL-BNP Paribas chair “French and Italian Relations in Europe”, Luiss) provided commentary on the survey, followed by a panel discussion with Nicola Monti (CEO, Edison), Stefano Buono (CEO, Newcleo) and Renato Ravanelli (CEO, F2i).
Two additional panels were held: the first focused on safety in Europe, with contributions from Enzo Benigni (President and CEO, Elettronica), Stéphane Israël (CEO, Arianespace) and Stefano Pontecorvo (President, Leonardo); the second explored mobility as a bridge between countries, featuring Vincenzo Nunziata (President, Aeroporti di Roma – ADR), Eléonore Tramus (General Manager Air France-KLM East Mediterranean) and Maurizio Bufalino (Deputy Director Italy, Tunnel Euralpin Lyon Turin – TELT).
Paolo Gentiloni, the European Commissioner for the Economy, along with Gilberto Pichetto Fratin, the Minister for the Environment and Energy Security of the Italian Republic, and Bruno Le Maire, the Minister for the Economy, Finance and Industrial and Digital Sovereignty of the French Republic, concluded the proceedings. The closing remarks were delivered by Paola Severino, Vice-President of Luiss, and Mathias Vicherat, Director of Sciences Po.

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Arbor Metals Provides a Lithium Market 2023 Year-To-Date Review

Map of Arbor Metal Corp.’s Jarnet Lithium Claims

Arbor’s Jarnet Lithium Mine is located in the James Bay region of Quebec and is comprised of 47 map-designated claims that cover an approximate area of 3,759 hectares.

VANCOUVER, British Columbia, June 21, 2023 (GLOBE NEWSWIRE) — Arbor Metals Corp. (“Arbor” or the “Company”) (TSXV: ABR, FWB: 432) is pleased to provide stakeholders with its overview of the lithium market’s key developments thus far in 2023. As the demand for lithium continues to surge and questions about supply persist, Arbor remains committed to monitoring and analyzing market trends to best position itself in this evolving landscape.

Since the start of 2020, lithium carbonate prices have increased by over 585%.1 The future of lithium appears promising, with the demand expected to skyrocket in the upcoming years, primarily fuelled by the electric vehicle (EV) industry.

In 2023, the lithium market witnessed significant announcements that shaped the industry. Here is an overview of the main news we have seen impacting the sector thus far this year:

Lithium Producers: Major lithium producers are expressing confidence in the market’s long-term prospects. With lithium brine assets in the US and the Salar de Atacama in Chile, Albemarle expects strong sales volume growth in the energy storage segment for 2023.2 SQM forecasts increased demand this year, while Livent reported revenue growth in Q1 2023 and remains on track with capacity expansions.3

Lithium M&A Activity: Consolidation in the lithium space has accelerated in 2023. Albemarle’s unsuccessful bid for Liontown Resources4 and a joint venture’s unsuccessful bid for Essential Metals5 exemplify the heightened interest in merging or acquiring lithium projects. The mega-merger deal between Livent and Allkem, valued at US$10.6 billion, underscores the trend of consolidation driven by rising lithium demand.6

EV Makers and Lithium Supply: Electric vehicle manufacturers continue to secure lithium supply agreements, which have included agreements with already established producers. This growing focus on securing lithium supply demonstrates automakers’ recognition of the importance of securing critical resources for the EV industry’s growth.

Chile’s Lithium Industry: Chile, the world’s second-largest lithium producer, has announced plans to nationalize its lithium industry.7 The government’s goal is to stimulate the economy and safeguard the environment by issuing future lithium contracts via public-private partnerships with state oversight. This move aligns with Chile’s intention to encourage direct lithium extraction techniques to accelerate production and reduce water consumption.

Arbor remains committed to navigating the dynamic lithium market and capitalizing on the evolving landscape. The Company continues to assess strategic opportunities, advance its lithium projects, and contribute to the global transition towards cleaner and sustainable energy solutions.

About Arbor Metals Corp.

Arbor Metals Corp. is a mining exploration company focused on developing high-value, geographically significant mineral projects worldwide. Arbor is paving the way for advanced mineral exploration as it oversees world-class mining projects. The company is confident that combining quality projects with proven strategies and a dedicated team will yield exceptional outcomes. Arbor currently oversees three outstanding mineral projects.

The Jarnet lithium project, located in the James Bay region of Quebec, comprises 47 map-designated claims, covering an area of approximately 3,759 hectares. The Jarnet project is contiguous to the Corvette-FCI property, where diamond drilling has confirmed significant lithium mineralization, and represents one of the highest-profile lithium exploration projects in the sector.

Map of Arbor Metal Corp.'s Jarnet Lithium Claims

For further information, contact Mark Ferguson, Chief Executive Officer, at info@arbormetals.com or visit the Company’s website at www.arbormetalscorp.com.

On behalf of the Board,

Arbor Metals Corp.

Mark Ferguson, Chief Executive Officer

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release may contain certain “Forward-Looking Statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and applicable Canadian securities laws. When or if used in this news release, the words “anticipate,” “believe,” “estimate,” “expect,” “target, “plan,” “forecast,” “may,” “schedule,” and similar words or expressions identify forward-looking statements or information. These forward-looking statements or information may relate to planned project development and other factors or information. Such statements represent the Company’s current views with respect to future events and are necessarily based upon a number of assumptions and estimates that, while considered reasonable by the Company, are inherently subject to significant business, economic, competitive, political and social risks, contingencies and uncertainties. Many factors, both known and unknown, could cause results, performance, or achievements to be materially different from the results, performance or achievements that are or may be expressed or implied by such forward-looking statements. The Company does not intend and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affecting such statements and information other than as required by applicable laws, rules and regulations.

Contact Data

CONTACT:

MRKT360 INC

https://mrkt360.com

Alex Zertuche

alexz@mrkt360.com

For E.S.T Office Hours, Call 1 416-477-0587


1 https://tradingeconomics.com/commodity/lithium
2 https://www.albemarle.com/news/albemarle-reports-net-sales-increase-of-129-for-first-quarter-2023
3 https://s22.q4cdn.com/453302215/files/doc_financials/2023/q1/Press-Release-LTHM-1Q23-Earnings_vFinal.pdf
4 https://www.reuters.com/markets/commodities/lithium-miner-liontown-soars-rejecting-37-bln-bid-albemarle-2023-03-28/
5 https://www.reuters.com/markets/deals/australias-essential-metals-shareholders-reject-tianqi-igo-bid-2023-04-20/
6 https://ir.livent.com/news/news-details/2023/Allkem-and-Livent-to-Create-a-Leading-Global-Integrated-Lithium-Chemicals-Producer/default.aspx
7 https://www.reuters.com/markets/commodities/worlds-biggest-lithium-producers-2023-04-21/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3618b042-01cc-4fdc-9dc6-19987e9bc55d

GlobeNewswire Distribution ID 8861742