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TIME Selects InductEV’s Wireless EV Charging Solution as a 2024 Best Invention in the Sustainability Category

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PA-based Company Recognized by TIME Editors for its Technology That is “Revolutionizing the World” From Thousands of Entries Globally

KING OF PRUSSIA, Pa., Oct. 30, 2024 /PRNewswire/ — InductEV, the pioneer in inductive wireless vehicle charging, today announced that its technology solution has been named as a TIME Best Invention for 2024. A network of TIME editors selected the PA-based company’s technology based on a number of key factors, including originality, efficacy, ambition, and impact.

The annual TIME list features 200 groundbreaking inventions (and 50 special mention inventions) that are “changing how we live, work, play, and think about what’s possible.” They were curated from entries received from around the globe.

InductEV was recognized in the Sustainability category under the title “InductEV Wireless Charging Network.” The editors were likely impressed by InductEV’s singular approach to tackling GHG emissions reduction and the inefficient economics that exist in the commercial transport sector, e.g., ports, drayage, freight, municipal buses, airport vans, middle-mile vehicles, etc. Road freight vehicles emit more than 2 billion tons of CO2 annually – or over 6% of the world’s total CO2 emissions.

“InductEV’s engineers and our colleagues who support them deserve the lion’s share of praise for this prestigious recognition and the tireless work that led to it,” noted John F. Rizzo, InductEV’s President and CEO. “The commercial transport industry is at a tipping point in its electrification and decarbonization efforts. As a result, we are seeing tremendous interest in and adoption of our solution.”

InductEV’s high-power wireless charging system works by using inductive charging pads: an in-ground pad that is instantly activated when paired with an under- the-vehicle pad. Current systems provided by InductEV range from 75 kW up to a 450- kW wireless charge. Significantly, the company’s solution shifts the charging paradigm from relying solely on time- and energy-intensive overnight wired charging sessions in depots to shorter charging sessions spread throughout the day, which reduces the friction of electrification for both power utilities and fleet operators by maximizing the use of the available (clean) energy supply.

This year, InductEV was awarded three new U.S. patents for its wireless charging technology, bringing its worldwide total to 105, with 118 in process. Some current deployments of the company’s high-power wireless charging solution include:

A new agreement with Seattle’s Sound Transit to deploy double-decker electric buses along its busiest routes. By the end of 2026, half of all battery electric buses in the state of Washington are projected to be charged by InductEV’s on-route wireless chargers.

The first deployment of wireless charging electric port tractors at the AP Moeller Maersk Terminal in Port Elizabeth, NJ.

Municipal transit buses in Indianapolis, Martha’s Vineyard, Oregon, and elsewhere are operational.

An OEM integration with Phoenix Motor Inc., a leading manufacturer of heavy- and medium-duty transit buses. This is in addition to vehicle makers MAFI, OrangeEV, BYD, Gillig, Volvo, and others, which provide integrated InductEV technology off the vehicle production line.

A partnership with Volvo for a wireless-charging taxi fleet of 20 electric SUVs in the Swedish automaker’s hometown of Gothenburg, plus additional installations in Oslo, operational for three years.

Link to InductEV’s TIME “Best Invention” of 2024:
https://time.com/7094804/inductev-wireless-charging-network/

See the full list here:
time.com/best-inventions-2024 

About InductEV
InductEV is revolutionizing how electric commercial fleet vehicles charge their batteries. With its proprietary on-route wireless solution now deployed throughout North America and Europe and with 105 patents worldwide and 118 in process, the King of Prussia, PA– based company with a significant presence in Long Beach, CA, is the global leader in high-power, high-speed wireless EV charging, and AI-software-powered energy management. The company recently opened one of the world’s first R&D centers for wireless vehicle charging. (https://www.inductev.com/)

Media Inquiries (InductEV)
CONTACT: Peter Himler, Flatiron Communications LLC
PHONE: (m) 516-729-6461
E-MAIL: 385612@email4pr.com 

Erin Mahoney
PHONE: (m) 917-213-2935
E-MAIL: 385612@email4pr.com 

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SOURCE InductEV

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Howard Hughes Holdings Set to Join S&P SmallCap 600

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NEW YORK, Oct. 23, 2026 /PRNewswire/ — Howard Hughes Holdings Inc. (NYSE: HHH) will replace Arcosa Inc. (NYSE: ACA) in the S&P SmallCap 600 effective prior to the opening of trading on Wednesday, October 28. S&P 500 constituent CRH plc (NYSE: CRH) has acquired Arcosa in a deal that closed today, October 23.

Following is a summary of the changes that will take place prior to the open of trading on the effective date:

Effective Date

Index Name  

Action

Company Name

Ticker

GICS Sector

October 28, 2026

S&P SmallCap 600

Addition

Howard Hughes Holdings

HHH

Real Estate

October 28, 2026

S&P SmallCap 600

Deletion

Arcosa

ACA

Industrials

ABOUT S&P DOW JONES INDICES

S&P Dow Jones Indices is the largest global resource for essential index-based concepts, data and research, and home to iconic financial market indicators, such as the S&P 500® and the Dow Jones Industrial Average®. More assets are invested in products based on our indices than products based on indices from any other provider in the world. Since Charles Dow invented the first index in 1884, S&P DJI has been innovating and developing indices across the spectrum of asset classes helping to define the way investors measure and trade the markets.

S&P Dow Jones Indices is a division of S&P Global (NYSE: SPGI), which provides essential intelligence for individuals, companies, and governments to make decisions with confidence. For more information, visit www.spglobal.com/spdji/en/. 

FOR MORE INFORMATION:

S&P Dow Jones Indices
index_services@spglobal.com

Media Inquiries
spdji.comms@spglobal.com

View original content:https://www.prnewswire.com/news-releases/howard-hughes-holdings-set-to-join-sp-smallcap-600-302918511.html

SOURCE S&P Dow Jones Indices

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Chelsea FC announces multi-year sleeve partnership with Sokin, the business payments and FX platform

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Chelsea FC name fast-growing fintech platform as Principal Partner

LONDON, Oct. 23, 2026 /PRNewswire/ — Chelsea Football Club has today announced a multi-year partnership with Sokin, the embedded finance and payments company used by businesses worldwide. Sokin will be named a Principal Partner and Official Business Payments and FX Partner of Chelsea FC and Chelsea FC Women.

As a Principal Partner, Sokin will be represented on the sleeves of the Chelsea FC men’s, women’s and academy home, away, and third kits from the 2026/27 season.

The partnership brings together two ambitious London-headquartered organisations with worldwide reach – a club with millions of fans across the world and a fintech platform through which businesses move more than $11 billion a year. A club of Chelsea’s scale works in many currencies every day, with partners, competitions and supporters around the world, and needs a financial partner built to handle that.

Sokin gives finance teams business payments, multi-currency accounts, foreign exchange, checkout and treasury in one place, so they spend less time juggling banks and providers and keep more of what they move.

As Official Business Payments and FX Partner, Sokin will simplify how Chelsea FC sends, receives and manages money in the currencies the club operates in.

The Sokin logo will feature on the sleeve of the Chelsea shirt for the first time [when the men’s team host Tottenham Hotspur at Stamford Bridge on Saturday 24th October.]

Jason Gannon, President at Chelsea FC said:

“At Chelsea, we seek to partner with organisations that share our ambition and innovative mindset. Sokin’s expertise in business payments, and their focus on making both simpler for the businesses they serve, makes them a natural fit for the Club. We are pleased to welcome Sokin to the Chelsea family and look forward to working together in the years ahead.”

Vroon Modgill, CEO and founder at Sokin said:

“Chelsea plays on the biggest stage in world football, and its business runs in dozens of currencies. Sokin was built for that with regulated, multi-currency payments and foreign exchange for organisations that operate internationally. We’re proud to be the platform behind the business payments and FX of one of the most iconic teams in football. Sokin’s platform serves businesses in more than 170 countries. We’re thrilled to be partners for the season ahead. An organisation as sophisticated as Chelsea doesn’t leave its finances to chance.”

About Sokin

Sokin is the financial layer global business runs on. Businesses can transact, convert and hold money in 70+ currencies across 170+ countries. Some businesses use Sokin to manage global finance in-house. Others build it into their products to power financial experiences for their customers. Businesses move more than $9 billion a year on licenses Sokin holds in 36+ countries and infrastructure Sokin owns. Founded in 2019, Sokin has raised over $100 million from investors including Morgan Stanley Expansion Capital and Prysm Capital.

About Chelsea Football Club

Chelsea Football Club is one of the biggest, most successful football clubs globally and our men’s team are reigning world champions, having won the four-yearly FIFA Club World Cup in 2025. Our women’s team, Chelsea Women, are also multiple trophy winners.

Founded in 1905, Chelsea is London’s most central football club, based at the iconic 40,000-capacity Stamford Bridge stadium. Nicknamed the Blues, the club lifted the Champions League for the first time in 2012 and domestically has won the Premier League five times, the FA Cup eight times, the Football League Cup five times and the Football League Championship once, in 1955.

The Chelsea Women’s team have enjoyed a huge amount of success and in 2025 won the FA Women’s Super League for a sixth consecutive year and the eighth time overall. The Women’s FA Cup has been won on six occasions. We have also captured the FA Women’s League Cup four times as well as reaching the UEFA Women’s Champions League final in 2021. In two seasons, 2020/21 and 2024/25, a domestic treble of trophies was secured.

The Chelsea Foundation boasts one of the most extensive community initiatives in sport, helping to improve the lives of children and young people all over the world.

Media Contacts:

Taina Biggs
taina.biggs@sokin.com 

Nerissa Chesterfield
nerissa.chesterfield@chelseafc.com 

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Amy Johnson Appointed President of GDIT

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RESTON, Va., Oct. 23, 2026 /PRNewswire/ — General Dynamics (NYSE:GD) announced today that Amy Johnson has been appointed as president of GDIT, effective November 3.

Johnson is a 27-year veteran of General Dynamics Mission Systems, where she held increasingly senior roles in engineering, engineering management and business leadership across cybersecurity, defense electronics, space and intelligence systems, most recently as vice president and general manager for Space, Cyber and Intelligence. She earned bachelor’s and master’s degrees in computer science and computer systems engineering. 

“Amy has a proven track record of leading teams to solve complex and highly technical challenges for our customers,” said Phebe Novakovic, CEO of General Dynamics. “I am confident that her dynamic leadership, operational rigor and deep commitment to our values and culture will deliver value to our customers, employees and shareholders.”

GDIT delivers digital modernization, cloud computing, artificial intelligence, cybersecurity and software development solutions to the U.S. federal government, defense, intelligence agencies and other customers. It is a business unit of General Dynamics, a global aerospace and defense company that offers a broad portfolio of products and services in business aviation; ship construction and repair; land combat vehicles, weapons systems and munitions; and technology products and services. General Dynamics employs more than 120,000 people worldwide and generated $52.6 billion in revenue in 2025. More information is available at gd.com.

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SOURCE General Dynamics

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