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Ben Payne appointed Chief Creative Officer for Lotus Technology

Coventry, UK – 27 October 2022

Lotus has announced the appointment of Ben Payne as Chief Creative Officer (CCO) for Lotus Technology.

Ben has most recently been Managing Director and Head of Studio at Lotus Tech Creative Centre (LTCC) in Coventry, UK. He remains in charge of the LTCC team, which is leading the design of an all-new and all-electric range of lifestyle cars, the first of which is the Lotus Eletre Hyper-SUV.

Ben’s new role as CCO expands his remit to cover all creative aspects of the Lotus lifestyle vehicles and co-ordinating the design output of visual assets for the Lotus brand. The LTCC team works in close collaboration with the sports car design team at Hethel, which is led by Design Director, Russell Carr. Both teams report to Vice-President of Design, Peter Horbury.

Ben commented: “This new role will help the LTCC team build the influence of design within the wider business, which is important as we continue to focus on creativity and consistency for the brand. This will be invaluable as Lotus continues to evolve. Although this is personal recognition, what it really reflects is the creativity and spirit of the entire team at LTCC. I thank them all sincerely for the continued support, and I look forward to realising the full potential of the team we are building.”

Peter Horbury added: “The design team at Lotus is enjoying a period of great success, with our latest three products – Evija, Emira and Eletre all becoming award winners. The recent worldwide acclaim for the Lotus Eletre Hyper-SUV, reinvigorated just this week with the announcement of pricing and specs, is testament to the hard work of the recently established LTCC team which Ben leads. His new role will continue to drive forward the global growth of all elements of the iconic Lotus brand.”

Ben joined Geely Design UK in 2018 – the facility was renamed LTCC in January 2022 – and has a strong background as a consultant in automotive design. Working on an international level, he has extensive technical knowledge and production car experience, spanning a number of major manufacturers and ranging from volume production to bespoke one-off models.

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About Lotus:
Lotus Cars is based in Hethel, Norfolk, UK, and is the global HQ for sports car and hypercar manufacturing operations, Lotus Advanced Performance and the iconic 2.2-mile test track. Lotus Cars builds world-class high-performance cars, born out of legendary success on the racetrack including 13 FIA Formula 1 world titles and many other championship honours. In July 2021 Lotus unveiled the all-new Lotus Emira, its last petrol-powered sports car and best-of-breed, and in July 2019 it launched the Evija, the world’s first all-electric British hypercar. Customer deliveries of both cars will begin during 2022. In March 2022 Lotus revealed the Eletre, the world’s first all-electric hyper-SUV. Customer deliveries will begin in 2023. The Lotus Type 135, an all-electric sports car, is currently being designed and engineered at Hethel.

Lotus Engineering provides comprehensive consultancy services to many of the world’s OEMs and Tier 1 suppliers. It is internationally recognised for its long-standing contribution to ground-breaking engineering and innovative vehicle development. Its expertise extends beyond automotive; in August 2021 a Lotus Engineering-developed track bike helped Team GB’s cyclists win seven medals, including three golds, at the Tokyo Olympics. An international consultancy with offices around the world, Lotus Engineering is headquartered at the Lotus Advanced Technology Centre on the University of Warwick’s Wellesbourne Campus in the UK

Lotus Tech is an affiliate company of Group Lotus, established as part of the Vision80 strategy established in 2018. With operational assets across China, the UK and Europe, Lotus Tech is dedicated to delivering smart lifestyle battery electric vehicles (BEVs) such as the Eletre. Lotus Tech is focused on R&D in next-generation automobility technologies such as electrification, digitalisation and more. In addition to the Lotus Eletre, Lotus Tech plans to launch further BEV models including a sports sedan (Type 133) another SUV (Type 134) and more, as Vision80 reaches maturity in 2028.

Group Lotus is either the parent company of or affiliated with the above. In 2017, Geely Holding Group, one of the fastest growing automotive group in the world, acquired a 51% stake in Group Lotus. The other 49% is owned by Etika Automotive, a Malaysian conglomerate.

Kleanbus appoints Terry Spall as company Chairman

  • Industry veteran of more than 30 years and former President of the Institution of Mechanical Engineers joins as Chairman of Kleanbus
  • Terry will provide strategic counsel to further develop Kleanbus’ state-of-the-art e-powertrain and expand commercial repower offering
  • Kleanbus’ technology is capable of repurposing single or double-decker diesel buses into zero-emission vehicles
  • Electric repowered buses from Kleanbus cost one fifth of a new electric bus with a third of the operating costs of diesel buses

Monday August 22nd, 2022: Expert bus repower company Kleanbus is delighted to announce the appointment of Terry Spall as Chairman of the company. Further strengthening the depth of expertise and knowledge of Kleanbus’ senior leadership team, Terry brings over 30 years of industry experience.

Terry, a chartered mechanical engineer, joins Kleanbus having recently completed his tenure as the 135th President of the Institution of Mechanical Engineers, in 2021. Terry has also held senior positions at HORIBA MIRA, including ten years as Commercial Director responsible for the MIRA Technology Park development and many years leading vehicle programmes and heading international market development for MIRA. He also brings extensive vehicle development knowledge and experience from working in vehicle manufacturers.

Joe Tighe, Co-Founder and CEO of Kleanbus, said: “We are delighted to be welcoming Terry Spall to the company as Chairman. Terry’s experience gained over more than three decades in the industry and world-leading engineering intuitions and service providers alike will bring invaluable knowledge and expertise into the business. I’m very much looking forward to working with Terry as we continue to accelerate the development of our ‘repower’ technologies and commercial offering.” 

Terry Spall, Chairman of Kleanbus, commented: “I have been really impressed by Kleanbus and its mission to positively impact the sustainability of bus fleets worldwide. It is a very dynamic start-up that is already gaining strong market interest.  I look forward to working with the Kleanbus team to deliver on their mission and help them achieve commercial success.”

Kleanbus can deliver a unique ‘repower’ solution to transform diesel-powered single or double-decker buses into zero-emission, electrically powered vehicles and extending the life of the embedded carbon expended in creating the base vehicle. For one-fifth of the cost of a new electric bus, Kleanbus’ environmentally friendly solution is based upon state-of-the-art e-powertrain technology developed in-house by Kleanbus, designed specifically for use in buses.

Positioning itself as the partner of choice for rapid, low-cost transition to zero emissions, Kleanbus can help commercial operators meet stringent new environmental targets as the industry transitions toward electrification.

About Kleanbus
Kleanbus’ unique repower programme provides a fast, affordable, and the most environmentally friendly solution to electrify bus fleets. The company is committed to using innovative British engineering expertise, quality locally sourced components and UK-based manufacturing. Its drivetrain has no rare earth elements, and its battery systems are specifically designed for bus system operations. By providing the best available technology with the most reliable supply chain and excellent customer service, Kleanbus is the partner of choice for rapid, low-cost transition to zero emissions.

Kleanbus’ senior team is made up of subject matter experts with a combined eighty years in powertrain development. Led by serial entrepreneur CEO Joe Tighe, other senior members of the team include Chairman, Terry Spall, 135th  President of the IMECHE with 25 years’ senior experience at HORIBA MIRA, alongside Rob Gretton, an engineer with over 30 years’ experience working in drivetrain and power systems, and former TfL and GLA air quality specialist Lucy Parkin, who is the company’s first Director of Environmental, Social and Governance (ESG).

Underlining its commitment to being a force for good, Kleanbus has also achieved pending B-Corporation® status.

Blockchain and the Future of the Maritime Industry

Blockchain and the Future of the Maritime Industry

Many people think of Nasdaq as just a stock exchange, but we are also a large provider of technology to other marketplaces, banks, and brokers across the globe. With years of experience in the financial industry, we are now seeing how our technology can be utilized in other industries besides capital markets. The maritime industry specifically interests us because of the highly valuable ways we can apply our knowledge and competence from finance into the maritime business.

After several days at the Smart Digital Ports of the Future Conference, I’ve seen a positive conversation around using blockchain in the maritime sector and the digitalization of the ports. There is good work going on in the maritime business, and the next step is to figure out how we can easily help reach optimal efficiency for the industry through collaboration and support on the blockchain.

Ports and terminals can be linked through one single source of data, the blockchain record, ensuring clear communication and preventing disputes and allowing for a more efficient way to match supply and demand. Think of it like this: People want to transport something, and there are transports available– The blockchain allows them to receive a much more efficient and accurate way of price discovery, so the buyer and seller can meet in the fairest and easiest way for both parties.

Blockchain technology can help the shipping industry reach maximal operational efficiency. Once we have the golden source of data and an organized marketplace, the industry will benefit from more trustworthy communication and a streamlined way to match buyers and sellers at the best price. In addition, blockchain can help connect all parties involved in a transaction throughout the whole lifecycle of a shipment, providing increased transparency, reliability and tracking.

Nasdaq has applied blockchain technology to a number of other industries with success. For example, in the advertising industry, we created a market to issue and trade ad space on the blockchain as well as settle and arrange the payments. In the healthcare industry, we’ve worked more with data, arranging how to efficiently search for a data set across the industry and see who you’d like to buy the data from. This could be applied to the shipping industry, searching data between different ports. Additionally, in the agriculture industry, we are using blockchain to settle contracts and ensure delivery matching buyers and sellers of grain.

Ultimately, Nasdaq seeks to partner with new markets outside of the financial sector that we see could greatly benefit from using blockchain as a digital immutable ledger to store proof of all events in the value chain, and the maritime industry is one of our key interests to helping reach maximal operational efficiency.

2020 sets the stage for a decade of unprecedented changes. 2020 has been a year that saw the speed of change increase by factors no one could have expected back in January. Businesses pivoted literally from one day to the next like never before. Organizations set aside hesitations and made bold decisions focusing on innovative technologies and strategies to respond to the crisis. Having done it all year to ensure survival, we expect to see businesses continue to move fast and implement decisions at lightning speed.

According to a research lead by Gartner showed that organizations are moving many IT automation technologies from evaluation to deployment as they prepare to respond to the rapid pace of digitalization. In 2020, 45% of all IT automation technologies are in deployment with the remaining 55% in pilot.

IDC’s research says 65% of global GDP will be digitalized by 2022, driving $6.8 trillion of IT  spending from 2020 to 2023.

So what will we see in 2021? Globant has created the report ‘Predictions 2021: An explosive mix of innovative technology and new business models’. In this report, Globant’s top executives weigh in with their predictions for the next 12 months and beyond, based on thousands of hours of work and constant discussions with our clients around the world.

These are:

  • There will be a surge in new, ingenious, and transformative business models.
  • Creating a high-performance work culture will require new skills and tools.
  • Powerful, holistic experiences will differentiate those businesses that survive and thrive, and those that die.
  • The rise of resilient, yet adaptive, organizations.
  • Businesses will shift to hyper automation and adopt tools to dramatically accelerate software development.

We hope these predictions will provide you with insights and ideas to build the foundation for long-term success.

Download the white paper to discover more about what’s in store for 2021.

The Benefits of Fintech technology for your company

MORE AND MORE COMPANIES OFFER INNOVATIVE AND ATTRACTIVE SERVICES BASED ON NEW TECHNOLOGIES FOR THE FINANCIAL SECTOR, THE SO-CALLED FINTECH . THIS GROWTH IS DUE TO THE BENEFITS IT ENTAILS FOR COMPANIES THAT DECIDE TO HIRE THESE SERVICES. ITS USE HAS MANY ADVANTAGES OVER TRADITIONAL FINANCIAL SERVICES, REGARDLESS OF THE TYPE OF COMPANY THAT USES THEM.

THE BENEFITS OF “FINTECH” TECHNOLOGY FOR YOUR COMPANY

1.  What is Fintech

The  term Fintech  is a neologism that comes from the contraction of the English words  finance  and  technology . Initially, it refers to technology startups that take advantage of the most modern technologies to create innovative digital financial services. By extension, the term Fintech is also applied to describe these financial services.

The  Fintech  is a revolution of the customer experience, in some cases creating entirely new services and other improving or disrupcionando existing ones. Fintech services are aimed at end customers, whether they are individuals, professionals or companies, without intermediaries.

2. Advantages of Fintech

Depending on the type of financial technological product that is used in a company, the benefits can be one or the other. But, in general, we can define several advantages that are often repeated in all fields related to fintech:

  • Savings:  faster and more automated procedures improve business efficiency. An efficiency that translates, specifically in the case of finance, into financial savings. But we must also not lose sight of saving time in an era where gold is more than ever.
  • Flexibility:  a concept 100% applicable to Fintech. This type of technology builds new, more agile workflows. Therefore, they allow you to save data, carry out operations through alternative financing and much more; where and when you want.
  • Transparency:  through this technology applied to finance, the company can manage in a transparent and fast way. In this way, Fintech becomes synonymous with business transparency.
  • Efficiency:  financial technology is and makes us more efficient. Automation is  a great specialization since it offers very specific services . Thus, its high degree has an impact on a high level of efficiency and quality of services, as well as a quick and agile response. According to a study that we see collected in the “ I  Captio & ASSET Fintech Report  : Spanish companies as users of  fintech ”, of the reasons why companies in our country invest in fintech solutions  They emphasize efficiency and better time management. Thus, for finance professionals, the main advantage of using technology over finance is, for 54.6%, to  achieve more efficient processes or management for their company . Saving time (50.9%) and immediacy (41.7%) are some of the most common reasons.
  • Analysis:  the use of this type of technology improves the analysis of processes, with more detailed information and data. In general, then, significant competitive advantages can be achieved over competitors who do not use this type of services or platforms.
  • Better internationality:   Often, the rigidity of the traditional financial sector makes it difficult or slower to manage between different countries. The business world in general, and Spanish in particular, is much more global than some of these traditional companies are prepared to manage. Emerging companies related to  financial technology , despite being relatively small and young companies tend to be more prepared in this regard. They understand well the needs related to the internationalization of companies and offer more flexibility and better related solutions.

The fintech sector   ( finance  +  technology )  is booming. More and more companies around the world are choosing to use these products and services.

Do Spanish companies know the term  fintech ? Are you adapting to this new paradigm of finance? What advantages does it bring them?

In this free report we reveal the current panorama of Spanish companies as fintech applicants and users  .

This report has been produced with the collaboration of: 

3. Infographic: Past vs Future of Business Finance

The financial sector is experiencing a true paradigm shift with the appearance of new solutions based on technological advances.

4. Regulation

In order to boost the sector, the European Parliament approved the DSP2 payment directive in 2015, the effects of which are already noticeable in Spain and thanks to which it is possible to pay for tickets to concerts and events on the mobile bill.

In addition to European legislation, the Spanish one is also moving towards a new regulation of the fintech sector  , although at a forced march. In May 2017, the public consultation period for the future payment services law ended and for which companies are asking for much greater flexibility, similar to that of the Anglo-Saxon countries. In fact, the system preferred by the experts is the British one, which has developed  a test system or  sandbox  in which  companies can test their innovative business models without being subject to the usual control measures  .

However, the  sandbox  would not be completely deregulated, since it is necessary to establish certain levels of security and solvency criteria that avoid fraud and generate distrust in the sector. For these reasons, the new law should set standards for the selection of  startups  capable of operating in the  sandbox , in addition to the time period in which fintech companies   can enjoy this special area, as well as the obligations to which they would be subject. .

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