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Governments of Canada and British Columbia Highlight Earthquake Early Warning System Launched in Western Canada to Strengthen Ability to Respond to Earthquakes

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VANCOUVER, BC, Aug. 29, 2024 /CNW/ – Earthquakes are among the world’s most powerful and destructive natural disasters. When an earthquake hits, a few seconds’ notice can make the difference between life and death and can reduce injuries and protect critical infrastructure by allowing people to take immediate actions to protect themselves and others.

Today, the Honourable Jonathan Wilkinson, Canada’s Minister of Energy and Natural Resources, the Honourable Harjit Sajjan, President of the King’s Privy Council for Canada, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada, and the Honourable Bowinn Ma, British Columbia’s Minister of Emergency Management and Climate Readiness, announced that the Earthquake Early Warning (EEW) system in British Columbia is operational and supporting earthquake preparedness efforts in western Canada.

Building on Natural Resources Canada’s long history as the authoritative source for earthquake information in Canada, the EEW system will notify the public of earthquakes in affected areas through a network of sensors. If there is a potentially harmful earthquake, an alert will automatically be issued through the National Public Alerting System seconds to tens of seconds before strong shaking starts, providing people in British Columbia with a few seconds to “‘Drop, Cover, and Hold On.” NRCan is also working with critical infrastructure operators to ensure they directly receive authenticated, technically detailed earthquake alert messages. Operators will use these warnings to trigger automatic protective measures for trains, bridges and tunnels. Some examples of the protective measures operators may take include halting traffic from using bridges and tunnels, preventing planes from landing, stopping trains to prevent derailment and proactively opening firehouse doors so that emergency vehicles can more quickly respond to the aftermath of an earthquake.

With the system operating in British Columbia, and the full system expected to come online in eastern Ontario and southern Quebec later this year, more than 10 million people in the most earthquake-prone regions of the country will be able to receive EEW alerts. This is a major improvement from the previous system, which could only provide information after an earthquake had occurred.

The EEW system is part of a series of federal investments to strengthen the safety, security and resilience of Canada’s emergency readiness infrastructure and meet shared priorities under the Emergency Management Strategy for Canada (EMS). This strategy was developed in partnership with provincial and territorial governments and in consultation with diverse stakeholders and Indigenous organizations.

The Government of Canada will continue to work together with provinces, territories and Indigenous partners to strengthen mitigation, preparedness and response efforts to natural disasters such as earthquakes and ensure the safety of everyone in at-risk regions of Canada.

Quotes

“Ensuring the health and safety of Canadians is a top priority for the Government of Canada. The Earthquake Early Warning System in British Columbia will help reduce injuries, deaths and property losses. By providing valuable seconds of warning, it will allow Canadians to take protective actions during an earthquake, including alerting people to ‘Drop, Cover, and Hold On.’ EEW messages will also be used to trigger automated actions, such as to open doors, stop trains, sound alarms and close valves. This system will make a real difference in further ensuring the health and safety of Canadians.”

The Honourable Jonathan Wilkinson 
Minister of Energy and Natural Resources

“Timely warnings can be the difference between life and death in the face of earthquakes. This early warning system is a critical investment in Canada’s emergency preparedness and response, empowering individuals and communities to take action and reduce the devastating impact of seismic events. By providing crucial seconds to seek safety, we can save lives, reduce injuries and minimize damage to infrastructure and the environment. This system is a vital tool for emergency responders, healthcare providers and all Canadians, helping us build a more resilient nation from coast to coast to coast.”

The Honourable Harjit Sajjan
President of the King’s Privy Council for Canada, Minister of Emergency Preparedness and Minister responsible for the Pacific Economic Development Agency of Canada

British Columbia is more prone to earthquakes than anywhere else in Canada, and it’s important that we use the most advanced methods available to protect people across the province. The Earthquake Early Warning system can help save lives and prevent injuries by giving people precious seconds to protect themselves and others. We’ve partnered with the Government of Canada on this life-saving system as part of our ongoing efforts to improve and expand our tools to keep people safe before, during and after emergencies.”

The Honourable Bowinn Ma
British Columbia’s Minister of Emergency Management and Climate Readiness

“The Earthquake Early Warning System will enhance the safety of British Columbians and North Shore residents. This system will provide crucial seconds for people to ‘Drop, Cover, and Hold On,’ which can help prevent injuries, save lives and minimize property damage. Today’s announcement also illustrates how collaboration among governments can help advance and ensure the safety of Canadians.”

The Honourable Terry Beech
Minister of Citizens’ Services

Quick facts

The EEW will issue alerts for earthquakes with a magnitude greater than 5 and an intensity level higher than IV — approximately the magnitude where injury or damage is likely to occur. People may receive an alert but might not feel the shaking or only feel a light shake.An analysis of historical trends suggests that earthquakes with a magnitude greater than 5 occur approximately once per year in Canada.EEW involves the rapid detection of earthquakes, real-time estimation of the shaking hazard and notification of expected shaking.EEW systems cannot predict earthquakes. They do not provide hours of advanced warning or even enough time to evacuate a building. Warning times range from a few seconds to tens of seconds, depending on the distance from the earthquake and how the alert is received. The farther away one is from the epicentre, the greater the warning time.There are approximately 5,000 earthquakes detected across Canada each year. Earthquakes can damage infrastructure, destroy buildings, cause power outages, displace communities and even lead to fatalities.Earthquakes in Canada are most common along the Pacific coast of British Columbia and in the Yukon Territory as well as along the St. Lawrence River and Ottawa River valleys in eastern Ontario and southern Quebec.The Canadian National Public Alerting System (NPAS) is a federal, provincial and territorial system that provides authorized organizations throughout Canada with the capability to warn the public about imminent or unfolding hazards or threats.

Associated links

Natural Resources Canada Earthquake Early Warning SystemStation CatalogueNational Public Alerting SystemEmergency Management StrategyGovernment of Canada Helps Protect Canadians With Earthquake Early Warning System – Canada.caShakeOutBC and GrandeSecousse

Follow us on Twitter: @NRCan (http://twitter.com/nrcan)

SOURCE Natural Resources Canada

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Sidus Space Announces Closing of Offering

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CAPE CANAVERAL, Fla., April 21, 2026 /PRNewswire/ — Sidus Space, Inc. (Nasdaq: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, today announced the closing of its previously announced best-efforts offering of 13,453,700 shares of its Class A common stock (or pre-funded warrants (“Pre-funded Warrants”) in lieu thereof). Each share of Class A common stock (or Pre-funded Warrant) was sold at an offering price of $4.35 per share (inclusive of the Pre-funded Warrant exercise price) for gross proceeds of approximately $58.5 million, before deducting the placement agent’s fees and offering expenses. All of the shares of Class A common stock and Pre-funded Warrants were offered by the Company.

The Company intends to use the net proceeds from the offering for working capital and general corporate purposes.

ThinkEquity acted as sole placement agent for the offering.

The securities were offered and sold pursuant to a shelf registration statement on Form S-3 (File No. 333-292839), including a base prospectus, filed with the U.S. Securities and Exchange Commission (the “SEC”) on January 20, 2026, and declared effective on February 4, 2026. The offering was made by means of a written prospectus. A final prospectus supplement and accompanying prospectus related to the offering have been filed with the SEC and made available on the SEC’s website. Copies of the final prospectus supplement and the accompanying prospectus relating to the offering may also be obtained, when available, from the offices of ThinkEquity, 17 State Street, 41st Floor, New York, New York 10004.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Sidus Space

Sidus Space (NASDAQ: SIDU) is an innovative space and defense technology company offering flexible, cost-effective solutions, including satellite manufacturing and technology integration, AI-driven space-based data solutions, mission planning and management operations, AI/ML products and services, and space and defense hardware manufacturing. With its mission of Space Access Reimagined®, Sidus Space is committed to rapid innovation, adaptable and cost-effective solutions, and the optimization of space systems and data collection performance. With demonstrated space heritage, including manufacturing and operating its own satellite and sensor system, LizzieSat®, Sidus Space serves government, defense, intelligence, and commercial companies around the globe. Strategically headquartered on Florida’s Space Coast, Sidus Space operates a 35,000-square-foot space manufacturing, assembly, integration, and testing facility and provides easy access to nearby launch facilities. For more information, visit: sidusspace.com.

Forward-Looking Statements

Statements in this press release about future expectations, plans and prospects, as well as any other statements regarding matters that are not historical facts, may constitute ‘forward-looking statements’ within the meaning of The Private Securities Litigation Reform Act of 1995. These statements include, but are not limited to, statements relating to the expected trading commencement and closing dates. The words ‘anticipate,’ ‘believe,’ ‘continue,’ ‘could,’ ‘estimate,’ ‘expect,’ ‘intend,’ ‘may,’ ‘plan,’ ‘potential,’ ‘predict,’ ‘project,’ ‘should,’ ‘target,’ ‘will,’ ‘would’ and similar expressions are intended to identify forward-looking statements, although not all forward-looking statements contain these identifying words. Actual results may differ materially from those indicated by such forward-looking statements as a result of various important factors, including: the uncertainties related to market conditions and other factors described more fully in the section entitled ‘Risk Factors’ in Sidus Space’s prospectus supplement and Annual Report on Form 10-K for the year ended December 31, 2025, and other periodic reports filed with the Securities and Exchange Commission. Any forward-looking statements contained in this press release speak only as of the date hereof, and Sidus Space, Inc. specifically disclaims any obligation to update any forward-looking statement, whether as a result of new information, future events or otherwise.

Contacts

Investor Relations
Investor-Relations@sidusspace.com

Media
press@sidusspace.com

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SOURCE Sidus Space, Inc.

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Ezee Fiber Connects First Customers in Santa Fe, Accelerates New Mexico Expansion

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HOUSTON, April 21, 2026 /PRNewswire/ — Ezee Fiber, a fast-growing fiber internet company delivering 100% fiber-to-the-home (FTTH) service, announced it has connected its first customers in Santa Fe, New Mexico. This milestone marks the company’s first major step in building its Santa Fe network and expanding multi-gigabit, symmetrical fiber service across the state.

Installations are now underway, giving residents access to Ezee Fiber’s high-performance network, which features symmetrical multi-gig speeds, no data caps, no hidden fees and transparent lifetime pricing. The company also emphasizes locally staffed customer support and a reliable, high-quality experience that sets it apart from legacy providers.

“We’re excited to bring our modern, 100% fiber network to homes the state capital,” said Carlos Rosas, Senior Vice President and General Manager, Southwest Region at Ezee Fiber. “Communities deserve more than basic connectivity. We are focused on delivering ultra-fast speeds, reliability and long-term infrastructure that supports how people live and work today.”

Ezee Fiber began expanding in New Mexico in 2024 and continues to scale rapidly. In addition to Santa Fe, the company is building fiber infrastructure in Albuquerque and surrounding communities, with service activating on a rolling basis as construction is completed.

Residents can expect construction activity to move efficiently through neighborhoods. Ezee Fiber will provide advance notice before work begins and will restore all areas in line with municipal requirements and industry best practices.

Residents can check availability and learn more at ezeefiber.com.

About Ezee Fiber

Ezee Fiber is a rapidly growing fiber internet company delivering premium multi-gig service to residential, business, and government customers over a 100% fiber-optic network—at exceptional value.

The company’s carrier-grade infrastructure spans Texas, New Mexico, Illinois, Oregon, Michigan and Washington, supported by local teams who live and work in the communities they serve. Ezee Fiber’s industry-leading speeds, award-winning customer service, and transparent pricing model set the company apart. Learn more at www.ezeefiber.com.

View original content to download multimedia:https://www.prnewswire.com/news-releases/ezee-fiber-connects-first-customers-in-santa-fe-accelerates-new-mexico-expansion-302749195.html

SOURCE Ezee Fiber

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CFA Institute calls for functional, proportionate AI oversight to safeguard UK retail investors and market integrity

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LONDON, April 21, 2026 /PRNewswire/ — CFA Institute, the global association of investment professionals, has published its response to the Financial Conduct Authority’s (FCA) Review into the long-term impact of artificial intelligence on retail financial services (the “Mills Review”). CFA Institute welcomes the FCA’s technology-neutral approach, while urging greater operational clarity to ensure responsible AI deployment.

In its submission, CFA Institute supports anchoring AI oversight within the UK’s existing principles-based framework, including the Consumer Duty and the Senior Managers and Certification Regime (SM&CR), rather than introducing a standalone AI rulebook. However, it emphasizes that supervisory expectations must be clearer and more practical as AI systems move from assistive tools to advisory functions and, ultimately, autonomous agents.

CFA Institute argues that regulation should follow what AI systems do for consumers, not how they are labelled or constructed. AI-enabled retail interfaces may generate “advice-like” outcomes, such as personalized product steering or portfolio construction guidance, without formally crossing regulatory thresholds. A substance-over-form approach is therefore essential to prevent regulatory arbitrage and ensure consistent consumer protection.

While the Consumer Duty provides a robust foundation, CFA Institute calls for AI-specific articulation of how its four outcomes apply where decision-making is increasingly delegated to automated systems. In particular, the response highlights a risk of automation bias, which may reduce effective consumer outcomes, especially among vulnerable customers.

Firms should be expected to test, monitor and evidence outcomes based on how consumers actually use AI systems in practice, not solely on how they are intended to function.

The submission also identifies a potential governance gap where firms report formal accountability for AI systems yet lack deep operational understanding of complex or third-party models. CFA Institute recommends clearer expectations around what “reasonable steps” and “meaningful oversight” mean under SM&CR and SYSC when AI is deployed in material retail use cases.

It further calls for:

A proportionate, tiered governance framework aligned to the assistive–advisory–autonomous spectrumClear allocation of end-to-end accountability for consumer outcomesReinforced oversight of third-party AI dependencies and operational resilience risks.

Although retail-focused, the response underscores broader market structure implications, including model concentration, correlated behavior, and third-party dependencies that could amplify volatility in stressed conditions. CFA Institute encourages close coordination between the FCA and the Bank of England, as well as continued alignment with IOSCO and the Financial Stability Board, to reduce fragmentation and support the UK’s global competitiveness.

Finally, CFA Institute stresses that responsible AI adoption depends on developing “hybrid” talent, professionals who combine technological fluency with fiduciary judgement and market expertise. Strengthening professional standards and supervisory capability should form part of the UK’s long-term AI competitiveness strategy.

Olivier Fines, CFA, Head of Advocacy and Capital Markets Policy at CFA Institute, said: “Artificial intelligence has the potential to expand access, improve efficiency and strengthen retail financial services, but only if trust and accountability remain firmly at the center.

“The UK’s principles-based framework is advantageous. The priority now is operational clarity: clear guidance on how the Consumer Duty and SM&CR apply when decision-making is increasingly delegated to AI systems.

“Regulation should follow function, not technological form. Where AI systems effectively shape or execute consumer decisions, protections must apply in substance, not just in label.

“We encourage the FCA to provide practical supervisory guidance by the end of 2026 and to continue close dialogue with industry and international standard-setters. With proportionate safeguards, meaningful oversight and investment in hybrid professional skills, the UK can play a leading role in responsible AI-enabled finance while preserving market integrity and public trust.”

About CFA Institute

As the global association of investment professionals, CFA Institute sets the standards for professional excellence and credentials. We champion ethical behavior in investment markets and serve as the leading source of learning and research for the investment industry. We believe in fostering an environment where investors’ interests come first, markets function at their best, and economies grow. With more than 200,000 charterholders worldwide across more than 160 markets, CFA Institute has 9 offices and 157 local societies. Find us at https://www.cfainstitute.org/ or follow us on LinkedIn, and subscribe on YouTube.

 

 

 

View original content:https://www.prnewswire.co.uk/news-releases/cfa-institute-calls-for-functional-proportionate-ai-oversight-to-safeguard-uk-retail-investors-and-market-integrity-302748558.html

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