Technology

“A Dreamer Who Gets Things Done”

Published

2 years ago

September 7, 2024

Developer Ali Sahabi Gets Public-Private Impact Award From Los Angeles County Business Federation

LOS ANGELES, Sept. 6, 2024 /PRNewswire/ — Over the past three decades, Public-Private Partnerships and cooperation have helped transform much of Southern California by promoting sustainable and resilient communities, inspiring clean and green technologies.

For ongoing efforts demonstrating a lifelong commitment to social and economic balance in many professional endeavors, Ali Sahabi has been selected by the Los Angeles County Business Federation (BizFed) to receive its first Public-Private Impact Award for bringing together business, government and non-profit leaders to advance sustainability and resilience in business, public policy and the non-profit sector.

“On behalf of the ever-growing BizFed family of diverse business networks, I congratulate Ali Sahabi on receiving our first annual Public-Private Impact Award. Ali has been an outstanding advocate for public-private partnerships and investments during his many years as an active BizFed leader. We applaud his work championing sustainable development and greater resiliency for businesses and homes,” said Tracy Hernandez, Founding CEO of the Los Angeles County Business Federation, widely known as “BizFed.”

BizFed unites more than 240 business organizations representing 420,000 employers with 5 million employees throughout Southern California.

“The creation of this award reflects BizFed’s dedication to fostering collaboration between public and private sector entities. We’re proud to honor leaders like Ali Sahabi, whose work has fortified California’s infrastructure and set new standards for what can be achieved through innovative public-private partnerships,” said David Englin, BizFed President.

The award presentation at the 10th annual BizFed Freshman Policymakers Reception at The Commons at the Universal Studios Lot on Sept. 4 highlighted four specific examples of Public-Private Partnerships by Sahabi that have made significant accomplishments in Southern California and beyond. These Public-Private Partnerships include:

Dos Lagos Mixed Use Development
By working cooperatively with leaders in the City of Corona to form a Redevelopment Project Area and coordinating with numerous Federal and State regulatory agencies, Sahabi achieved a dream many thought unrealistic to bring a $1-billion investment to the community as he transformed an abandoned 543-acre silica mine into a thriving, sustainable mixed-use community known as Dos Lagos.

“Ali Sahabi came to me with this crazy Idea of what he wanted to do with this vacant land. Making an old mining area into an entire live / work community,” said Riverside County Supervisor Karen Spiegel. She added that Sahabi wanted to build Dos Lagos “to last, be sustainable and environmentally friendly.” Sahabi would use the public | private development approach to the project by bringing together “community resources, business resources and his personal resources”.

Sahabi is “a dreamer who makes things happen” emphasized Supervisor Spiegel

The project earned the California Governor’s Environmental and Economic Leadership Award for Sustainable Communities, as well as American Planning Association and Building Industry Association awards, and other statewide and national accolades.

The Dos Lagos development became a pioneer in many ways. Dos Lagos was the first mixed use, master planned community in Western Riverside County. It included the first pedestrian promenade life-style center, the first LEED certified, Class A office building in Riverside County, first work / live lofts in the Inland Empire, the first environmentally planned golf course, and the first real estate development project endorsed by the Riverside Land Conservancy.

Workforce Development Program
As President of the San Bernardino County Chapter of the Building Industry Association of Southern California, Sahabi joined in a Public-Private Partnership to work with the County of San Bernardino and San Bernardino Community College District to advance a workforce development program that provided job skill training in the home building industry to formerly incarcerated individuals.

“We have an aging workforce in the construction industry and Ali Sahabi was really hands on in bringing our BIA San Bernardino County Chapter to work with the San Bernardino Community College District In putting together a really unique construction training program,” said Carlos Rodriguez, Chief Policy Officer of the Building Industry Association of Southern California. “It was a 200 hour-training program that continues to work with formerly incarcerated members of our community who need a second chance.”

Program participants earned a job-readiness certificate showing they had gained skills to meet the needs of regional employers. Collaboration between the public and private entities brought industry standards to the classroom so that students, the future builders and leaders of the region, were ready for the workplace on day one.

Green Valley Initiative
Beyond brick-and-mortar accomplishments, it is the lasting impact Sahabi’s work has had on others that stands out as exemplary. His vision and actions have influenced a generation of builders, architects and government leaders. Sahabi helped transform much of Southern California by promoting sustainable and resilient communities, inspiring clean and green technologies, and demonstrating a lifelong commitment to social and economic balance in many professional endeavors.

Sahabi has been a strong believer in the need for regional cooperation to improve the quality of life in California. He initiated a regional movement towards sustainability through his nonprofit Green Institute for Village Empowerment, or GIVE, and the launch of the Green Valley Initiative in 2007, which is credited with sparking some of the region’s most forward-thinking projects.

Sahabi led a regional push in the early 2000s for clean and green technologies, renewable energy and sustainable development that can still be seen growing today throughout Southern California. He was instrumental in bringing the U.S. Green Building Council to the Inland Empire. He has supported a broad range of causes not only in the industry but also organizations that promote important issues of community, social justice, public health and welfare, as well as primary, secondary and higher education.

“The Green Valley Initiative was way ahead of its time – a truly livable community where you could work, play and live in one community and it would be sustainable, waste free, energy efficient and really set a model for the rest of the country,” said Terry Tamminen, President / CEO, AltaSea. “Ali realized that it had to go beyond just his footprint. It had to be all of Riverside and San Bernardino Counties – the Green Valley.”

Through his efforts, Sahabi managed to get dozens of government agencies, the private sector and NGOs together for the first time to focus on the question of “how do we want to make our communities truly sustainable in the future?’

“When Ali came up with the idea for the Green Valley Initiative and had already been developing sustainable communities in the region, it was so new, especially in Southern California which was the model for urban sprawl. But he now had a roadmap for a sustainable community. Something that set the tone for development in throughout California and then I think throughout the nation and the world,” Tamminen added.

Resilience Advantage
The Resilience Advantage webinar series highlighted educational programming conducted over five years by the U.S. Resiliency Council in collaboration with the Los Angeles County Business Federation (BizFed), Los Angeles County Economic Development Corporation (LAEDC), Los Angeles Area Chamber of Commerce, and program sponsor Optimum Seismic, Inc. U.S. Small Business Administration also partnered with USRC to support this educational programming as a co-sponsor.

“The first thing we came up with was to develop an educational series called the Resilience Advantage, a years long effort around topics of resilience that would be meaningful to all of the stakeholders in the built environment,” said Evan Reis, SE, Executive Director and Co-founder of the U.S. Resiliency Council. The Resilience Advantage was really Ali’s idea to have a series of videos, webinar and interactive panels where we could focus on resilience and bring together as large an audience as possible.”

Sahabi’s advocacy work and his participation “really made him a great partner for the U.S. Resiliency Council,” said Reis. “He’s one of the few individuals I know who understands the public sector and the private sector in such a comprehensive way, and there are few people I know who are better at creating a relationship between very diverse groups of stakeholders.”

These educational programs were designed to enable business owners to make better plans and informed decisions about how to protect their businesses, buildings and employees from earthquakes. The programs also covered how to quickly recover from damage to minimize business interruption, and how much improved resilience may cost initially and ultimately save.

Resilience Advantage showed how advances in the understanding of seismic issues can make businesses and buildings better able to withstand and recover from what can be devastating impacts during major earthquakes. Earthquakes can have devastating impacts on vulnerable buildings, people and the economy, but they don’t have to be disasters. Investing in resilience is good economics and sound business. The webinars showed how actions by businesses can help them become more resilient now and in the future.”

Expert panels also examined specific ways make buildings safer and more resilient. The result of these actions can provide numerous benefits: prevent death, injuries and property losses, preserve jobs and workforce housing, and protect vital services and local economies. Examples were shared of how resilience planning can lead to concrete actions that assist buildings and communities withstand shocks, avoid serious damage and recover more quickly from California’s greatest natural hazard – earthquakes.

Sahabi has extensive involvement in multiple professional, civic and nonprofit organizations including the California Apartment Association, California Building Officials, California Manufacturers & Technology Association, Los Angeles Metropolitan YMCA, Los Angeles Area Chamber of Commerce, Los Angeles County Business Federation, and U.S. Resiliency Council. He is also involved in numerous local apartment associations, chambers of commerce, and Realtors associations.

Sahabi earned a Master of Real Estate Development degree from the University of Southern California School of Urban Planning and Development, and a Bachelor of Science degree in Management from Pepperdine University.

Sahabi and his wife, Aida, live in the Los Angeles area with their two children, Leila and Edward.

Media Contact: Tom Robinson, 3236050312

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SOURCE Optimum Seismics

Technology

Autonomous Defense Technologies Set to Ignite a Nearly $200 Billion Global Market

Published

43 minutes ago

July 23, 2026

AI-Powered Military Drones, Autonomous Platforms, and Next-Generation Defense Systems Are Fueling One of the Fastest-Growing Opportunities in Aerospace and Defense

NEW YORK, July 23, 2026 /PRNewswire/ — Market News Updates News Commentary – Around the globe, the defense industry is quickly adopting autonomous technologies, with governments investing significantly in artificial intelligence, unmanned systems, advanced sensors, and self-directed decision-making capabilities. Military forces are on the lookout for technologies that can swiftly gather intelligence, function in dangerous settings without risking personnel, and respond promptly to threats. Unmanned aerial vehicles (UAVs) utilizing autonomous AI are increasingly crucial in modern military operations, proficient in various tasks such as reconnaissance, surveillance, target identification, electronic warfare, logistics support, and precision strike missions with minimal human intervention. As artificial intelligence advances, these sophisticated systems are expected to improve their efficiency in managing drone swarms, sharing battlefield information, and swiftly adjusting to changing combat situations. Companies leading the Autonomous and AI technology Defense Operations boom include: VisionWave Holdings Inc. (NASDAQ: VWAV), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), AeroVironment, Inc. (NASDAQ: AVAV), AEVEX Corp. (NYSE: AVEX), Sidus Space, Inc. (NASDAQ: SIDU).

There is also a rapid expansion in financial opportunities. Fortune Business Insights forecasts substantial growth in the global Autonomous Defense Platforms Market, with a projected increase from approximately US$69.77 billion in 2026 to US$198.87 billion by 2034, indicating a robust compound annual growth rate of 14.0%. Additionally, the firm anticipates a surge in the global Military Drone Market from US$22.49 billion in 2026 to US$52.31 billion by 2034, showing an 11.1% compound annual growth rate. With rising defense budgets and a focus on AI-enhanced military capabilities, companies specializing in autonomous aircraft, AI software, advanced sensors, cybersecurity platforms, navigation systems, and cutting-edge battlefield technologies are well positioned to capitalize on these expanding markets.

The widespread integration of autonomous AI UAVs is revolutionizing military strategies and operations. Instead of relying on individual aircraft, armed forces are increasingly deploying coordinated fleets of intelligent drones capable of monitoring vast areas, identifying targets, transmitting secure communications, and offering real-time situational awareness to ground troops. Advancements in machine learning, computer vision, edge computing, and secure battlefield networking are empowering these systems to autonomously process large amounts of data, thereby reducing the workload on operators and increasing mission success. As global tensions rise and defense modernization remains a top priority worldwide, autonomous defense technologies are expected to be one of the fastest-growing sectors in the military industry in the coming decade.

VisionWave (NASDAQ: VWAV) and Meteor Aerospace Leadership Advance Integration Planning for AI-Enabled Multi-Domain Defense Technologies Following Previously Announced Acquisition Agreement — VisionWave Holdings Inc. (“VisionWave” or the “Company”) a defense technology company developing advanced artificial intelligence, autonomous systems and next-generation security technologies, today announced that its executive leadership team has completed a strategic technology and integration working session with the leadership of Meteor Aerospace Ltd. in Israel following the Company’s previously announced acquisition agreement to acquire a controlling interest in Meteor Aerospace. Completion of the transaction remains subject to the closing conditions described below.

The executive meetings represent an important milestone in the transaction process as both companies continue advancing technical, operational and commercial integration planning while progressing toward satisfaction of the closing conditions described below.

During the visit, VisionWave executives conducted comprehensive reviews of Meteor Aerospace’s expanding portfolio of advanced defense technologies, including tactical and strategic unmanned aerial vehicles (UAVs), unmanned ground vehicles (UGVs), unmanned surface vessels (USVs), electronic warfare (EW) and SIGINT technologies, precision strike systems, C4ISR platforms and integrated sovereign defense architectures.

The working sessions included executive strategy meetings, engineering reviews, technology demonstrations, manufacturing assessments and product roadmap discussions focused on identifying opportunities to accelerate innovation, expand international commercialization and strengthen VisionWave’s multi-domain defense technology platform.

Meteor Aerospace presented video documentation of field tests and demonstrations of its products, including flights of the Impact-700 UAV at the Bar Yehuda airfield near the Dead Sea in Israel, that were done with the regulatory monitoring and approval of the Israeli Aviation Authority.

For operational security reasons, the meetings were conducted at a confidential location, and additional details regarding attendees and facilities are not being disclosed.

Douglas Davis, Executive Chairman and Chief Executive Officer of VisionWave Holdings, stated: “Visiting Meteor Aerospace and working directly alongside its leadership and engineering teams reinforced what we recognized when we entered into the acquisition agreement. Meteor has developed a highly differentiated portfolio of autonomous systems, electronic warfare technologies, and integrated battlefield capabilities supported by a team with decades of aerospace engineering experience. Seeing these technologies firsthand further strengthened our confidence in the strategic opportunity this transaction represents.”

Mr. Davis continued: “Our integration planning, in preparation for a potential closing, is well underway. By bringing together VisionWave’s expertise in artificial intelligence, advanced sensing and computational technologies with Meteor’s capabilities across autonomous platforms, C4ISR, precision defense technologies and sovereign defense architectures, we believe we are building a next-generation defense technology platform positioned to address rapidly growing global demand for integrated battlefield solutions, autonomous systems and national security modernization.”

Throughout the visit, executives from both organizations evaluated opportunities to align technology development, manufacturing capabilities, international business development initiatives and long-term product strategies as part of VisionWave’s integration planning process.

The meetings also provided both leadership teams with the opportunity to establish integration priorities across engineering, operations, commercialization and future product development while preparing for the successful completion of the proposed transaction.

As previously announced, completion of the acquisition remains subject to a number of conditions for VisionWave’s satisfactory completion of legal, financial, operational, technical, aerospace, cybersecurity, export control, intellectual property and commercial due diligence, receipt of any applicable regulatory approvals and satisfaction of other customary closing conditions. There can be no assurance that the closing conditions will be satisfied, or that the transaction will be completed on the anticipated timeline or at all. Continued… Read this full release and additional news for VWAV by visiting: https://www.vwav.inc/newsroom/

Why Investors Are Watching the UAV / Autonomous / AI Military Operations Industries:

Autonomous AI-powered UAVs becoming standard assets for ISR and combat support missionsRising global defense spending focused on artificial intelligence and autonomous warfareGrowing adoption of autonomous drone swarms and collaborative mission capabilitiesIncreased demand for real-time intelligence, surveillance, and reconnaissance (ISR)Continued advances in machine learning, computer vision, edge computing, and autonomous navigationExpansion of electronic warfare, cybersecurity, and secure battlefield communicationsDefense modernization programs accelerating across North America, Europe, and the Indo-PacificGrowing opportunities for companies developing next-generation autonomous defense platforms

Other recent developments in the autonomous, defense/military/UAV/drone industries of note include:

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a technology company in the defense, national security and global markets, recently announced it has been awarded a sole-source, single award Indefinite Delivery/Indefinite Quantity (IDIQ) contract for approximately $156 million, by the U.S. Department of Energy’s National Nuclear Security Administration (NNSA) Office of Secure Transportation (OST), in support of Project Solar Shield.

Under this new contract award, Kratos will provide mobile Counter-Unmanned Aircraft System (C-UAS) platforms designed to support OST’s critical National Security mission. The Office of Secure Transportation is responsible for the safe and secure ground and air transportation of nuclear weapons, weapon components, and special nuclear materials, as well as other missions supporting U.S. national security.

AeroVironment, Inc. (“AV”) (NASDAQ: AVAV), a global leader in intelligent, multi-domain autonomous systems, recently announced it has been awarded a $117.3 million contract by the U.S. Army for its P550™ electric vertical take-off and landing (eVTOL) unmanned aerial system in support of the Army’s Long Range Reconnaissance program, advancing the Army’s push to field scalable, adaptable capabilities for modern warfare.

The award was issued under a Basic Ordering Agreement (BOA) through a competitive Call for Solutions (C4S) under the U.S. Army’s Unmanned Aircraft Systems (UAS) Marketplace initiative, a centralized digital platform designed to accelerate the procurement of vetted drone technologies.

AEVEX Corp. (NYSE: AVEX) recently announced it has been awarded a $17.5 million follow-on contract under its Global Solutions portfolio to continue delivering critical services in support of U.S. national security objectives.

The contract reinforces the company’s role in providing mission focused, data-driven services and solutions that help decision makers act with speed and confidence. AEVEX’s Global Solutions capabilities integrate technology and multi-domain expertise to transform complex data into actionable insight for time sensitive missions.

“Our teams are trusted to support some of the nation’s most important missions,” said Roger Wells, Chief Executive Officer at AEVEX. “This award reflects continued confidence in AEVEX to deliver the specialized expertise required to advance essential national security interests.”

Sidus Space, Inc. (NASDAQ: SIDU) (“Sidus” or the “Company”), an innovative space and defense technology company, recently announced that its next LizzieSat® has successfully completed vibration testing, a key environmental qualification milestone for SpaceX’s Transporter-18 rideshare mission from Vandenberg Space Force Base in California, currently scheduled for launch no earlier than October 2026.

Vibration testing simulates the intense mechanical loads a spacecraft experiences during launch and ascent. The testing was conducted at Element U.S. Space & Defense’s facility in Orlando, Florida, an accredited independent provider of product qualification and environmental testing services. Completing this testing is designed to confirm that the satellite’s structure, components, and integrated payloads can withstand the stresses of liftoff and remain fully operational on orbit, a critical step in clearing the spacecraft for final integration and shipment to the launch site.

DISCLAIMER: MarketNewsUpdates.com (MNU) is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. MNU is NOT affiliated in any manner with any company mentioned herein. MNU and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. MNU’S market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. MNU is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. This press release was distributed on behalf of VisionWave Holdings, Inc. For current services performed MNU was compensated forty nine hundred dollars for news coverage of the current press releases issued by VisionWave Holdings, Inc. by the Company. MNU HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

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Technology

atQor Earns Microsoft Frontier Partner Status for AI Delivery

Published

43 minutes ago

July 23, 2026

The recognition validates atQor’s ability to unite Cloud & AI Platforms, AI Business Solutions and Security for customers in financial services, manufacturing, retail, healthcare and public sector.

AHMEDABAD, India, MISSISSAUGA, ON and SANTA FE SPRINGS, Calif., July 23, 2026 /PRNewswire/ — atQor, a Microsoft-focused AI and data platform company, today announced it has achieved Microsoft Frontier Partner status, with its nomination led by Microsoft India and recognition extending across Canada, the United States and India.

atQor holds all six Microsoft Solutions Partner designations, the Support Services designation, Azure Expert MSP status, Microsoft Fabric Featured Partner recognition and ten Advanced Specializations.

“Our engineers do not wait for a mandate to use AI, they build with it every day, and that is what Microsoft recognized,” said Pushkaraj Kale, CEO of atQor India. “Earlier this year, our teams built and deployed more than two hundred production AI agents in a single seventy-two-hour engineering event, and twenty-five of those are now live on Microsoft Marketplace. This nomination was led by Microsoft India, and it reflects the discipline our customers see across every industry we serve.”

“The Frontier Partner designation recognizes organizations that are helping customers move beyond AI experimentation and into business transformation. atQor has consistently invested across Microsoft’s AI, data, cloud, and security stack while building the Go-To-Market and delivery capabilities required to create measurable customer outcomes. We are pleased to see atQor join this distinguished group of partners and look forward to their continued contribution to AI adoption across industries,” said Om Batra, Channel Partner Sales Leader, India and South Asia, Microsoft.

“The most successful AI partners are those that can bridge innovation with operational excellence. atQor has built competencies spanning Microsoft Fabric, Azure AI, Security, and Copilot while maintaining a strong focus on delivery quality and governance. Their Frontier Partner recognition reflects the technical maturity and execution capability needed to help customers scale AI with confidence,” said Sanjeev Sharma, Director Tech Sales and Partner CTO, India and South Asia, Microsoft.

For customers, the recognition means fewer handoffs: one firm carrying the work from the first Microsoft Fabric workshop through the AI agent in production, instead of a customer coordinating several vendors to get there. atQor applies this across financial services, manufacturing, retail, healthcare and public sector organizations in Canada, the United States and India, continuing the relationship through managed Azure operations once systems are live.

Pushkaraj and the India team led this global recognition, according to Kartik Shah, Founder of atQor, who said Canada and U.S. teams, led by Co-Founder and Global COO Greg Kachhadiya, already hold themselves to that same standard.

About atQor: atQor is a Microsoft-focused AI and data platform company that helps enterprises move AI from pilot to production. Founded in 2002, the company operates across Canada, the United States and India, and holds CSP Direct authorization including Azure Gov Cloud in US. atQor maintains ISO 9001, ISO 20000, ISO 27001 and ISO 22301 certifications. Learn more at atQor.com.

Media Contact: Ramanuj Zawar, 419311@email4pr.com. United States: +1-844-294-5383. Canada: +1-289-290-4490. India: +91-706-904-3269.

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Technology

Carrier Accelerates Intelligent Building Strategy with Acquisition of 75F

Published

43 minutes ago

July 23, 2026

Cloud-native building automation strengthens Carrier’s digital ecosystem to enable increasingly intelligent and autonomous buildings

PALM BEACH GARDENS, Fla., July 23, 2026 /PRNewswire/ — Carrier Global Corporation (NYSE: CARR), global leader in intelligent climate and energy solutions, today announced it has acquired 75F, a leading innovator in cloud-native, wireless, AI-enabled building automation systems. The acquisition strengthens Carrier’s intelligent building capabilities across applications — from complex applied systems and high-growth data centers to light commercial and retrofits.

“Buildings are becoming intelligent and autonomous systems that continuously learn, adapt and optimize performance,” said David Gitlin, Chairman & CEO, Carrier. “Through Carrier ClimaVision™, we have already seen firsthand the power of 75F’s cloud-native, AI-enabled platform. This acquisition accelerates our strategy to create increasingly autonomous and self-optimizing buildings by bringing together connected equipment, intelligent controls and digital solutions in a unified platform that simplifies deployment, connects building data and enables agentic AI.”

The combination of Carrier’s WebCTRL® building controls install base, Abound™ predictive analytics capability and the Nlyte® operational intelligence platform with 75F’s unified data layer and AI capabilities will create a differentiated end-to-end offering spanning equipment, controls, analytics and outcomes for buildings globally. Together, these integrated capabilities enable building operators to transition from traditional building management to fully autonomous operations that proactively identify maintenance opportunities, optimize energy consumption, intelligently manage assets and improve occupant comfort.

“75F was founded to fundamentally rethink building automation using cloud-native software, AI and wireless technologies,” said Deepinder Singh, founder and CEO, 75F. “Joining Carrier enables us to accelerate that vision on a global scale. Together, we can help make intelligent buildings simpler to deploy, easier to operate and more accessible to customers everywhere.”

75F’s platform combines wireless sensors, intuitive controls, cloud software and AI-enabled automation designed to reduce installation time and simplify commissioning while optimizing energy efficiency and indoor air quality. Carrier plans to integrate 75F’s generative and agentic AI as well as auto-commissioning capabilities into its large commercial platforms, including its Carrier QuantumLeap™ thermal management suite, improving deployment and real-time thermal performance for the rapidly growing data center market.

Paul, Weiss, Rifkind, Wharton & Garrison LLP acted as external legal counsel to Carrier in connection with the transaction. Avisen Legal, PA acted as external legal counsel to 75F in connection with the transaction.

About Carrier
Carrier Global Corporation, global leader in intelligent climate and energy solutions, is committed to creating innovations that bring comfort, safety and sustainability to life. Through cutting-edge advancements in climate solutions such as temperature control, air quality and transportation, we improve lives, empower critical industries and ensure the safe transport of food, life-saving medicines and more. Since inventing modern air conditioning in 1902, we lead with purpose: enhancing the lives we live and the world we share. We continue to lead because of our world-class, inclusive workforce that puts the customer at the center of everything we do. For more information, visit carrier.com or follow Carrier on social media at @Carrier.

Carrier. For the World We Share.

Cautionary Statement
This communication contains statements which, to the extent they are not statements of historical or present fact, constitute “forward-looking statements” under the securities laws. These forward-looking statements are intended to provide management’s current expectations or plans for Carrier’s future operating and financial performance, based on assumptions currently believed to be valid. Forward-looking statements can be identified by the use of words such as “believe,” “expect,” “expectations,” “plans,” “strategy,” “prospects,” “estimate,” “project,” “target,” “anticipate,” “will,” “should,” “see,” “guidance,” “outlook,” “confident,” “scenario” and other words of similar meaning in connection with a discussion of future operating or financial performance. Forward-looking statements may include, among other things, statements relating to the acquisition of the 75F business, the integration of such business into Carrier’s existing operations, strategies or transactions of Carrier, Carrier’s plans with respect to its indebtedness and other statements that are not historical facts. All forward-looking statements involve risks, uncertainties and other factors that may cause actual results to differ materially from those expressed or implied in the forward-looking statements. For additional information on identifying factors that may cause actual results to vary materially from those stated in forward-looking statements, see Carrier’s reports on Forms 10-K, 10-Q and 8-K filed with or furnished to the U.S. Securities and Exchange Commission from time to time. Any forward-looking statement speaks only as of the date on which it is made, and Carrier assumes no obligation to update or revise such statement, whether as a result of new information, future events or otherwise, except as required by applicable law.

CARR-IR

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Rob Six

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Robert.Six@Carrier.com

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