Fintech PR
LG UNVEILS “PROFESSIONAL LAUNDRY” LINEUP FOR COMMERCIAL MARKET AT TEXCARE 2024
Equipped With Cutting-Edge AI Technologies, the Company’s Large-Capacity Commercial Washers and Dryers Deliver Excellent Energy Efficiency
SEOUL, South Korea, Nov. 7, 2024 /PRNewswire/ — LG Electronics (LG) is showcasing its PROFESSIONAL LAUNDRY lineup at Texcare International 2024, a global B2B laundry and textile care exhibition, held in Frankfurt, Germany, from November 6-9. Prioritizing energy efficiency, the new lineup features a variety of large-capacity solutions, including 30-kilogram washers and dryers, as well as a washer-dryer combo with heat pump, offering a maximum capacity of 25 kilograms for washing and 16 kilograms for drying. With the launch of its PROFESSIONAL LAUNDRY lineup, LG aims to strengthen its position in the commercial laundry market, both in Europe and worldwide.
LG’s comprehensive range of large-capacity commercial washers and dryers provides several outstanding options for customers to choose from. The new PROFESSIONAL LAUNDRY lineup features 20-, 25- and 30-kilogram washers, as well as 25- and 30-kilogram dryers, along with a 25- kilogram washer-dryer combo. These solutions are equipped with LG’s advanced AI technology, which automatically adjusts water usage and washing/drying times based on load size, enabling a complete cycle in just 60 minutes.*
Along with energy efficiency, LG’s PROFESSIONAL LAUNDRY lineup boasts outstanding durability. The new washers feature the company’s Ball Balancing System, which supports a maximum spin speed of 1,100 RPM and enhances stability during high-speed washing cycles. The 25-kilogram washer-dryer combo stands out as one of the largest models in the heat pump combo category and is the industry’s first commercial combo to employ an inverter heat pump drying module. This proprietary technology significantly reduces drying times and boosts energy efficiency. Ideal for businesses with high laundry demands, such as hotels and care facilities, LG’s impressive heat pump combo represents a reliable, energy-efficient alternative to traditional gas and electric dryers.
LG’s commercial laundry solutions deliver further value with Proactive Customer Care, a smart service that actively monitors the machines’ operational data to identify potential issues before they arise. This service sends alerts to facility managers through the LG Laundry Crew app, allowing them to take preventive measures and avoid any service interruptions. In addition, the machines are equipped with features designed to safeguard performance, such as Tub Cleaning, which helps maintain hygienic conditions within the drum.
Since entering the global commercial laundry market in 2008, LG has consistently expanded its influence within the segment. Earlier this year, the company strengthened its partnership with WASH, a leading North American laundry service provider, to increase its presence in the growing U.S. and Canadian markets for laundry solutions in multi-family housing and university dormitories. LG also continues to showcase its innovations globally, with a successful appearance at the Clean Show 2022 in the U.S. and now at Texcare International 2024 in Germany.
With its new PROFESSIONAL lineup leading the way, LG plans to continue expanding its presence in Europe’s commercial laundry solutions sector. The company’s high-efficiency washer and dryer technologies will play a key role in helping commercial laundry operations lower their energy consumption.
“Building on our success in the residential washer and dryer market, we are now accelerating our efforts to lead the commercial laundry sector and are excited to launch our innovative, energy-efficient PROFESSIONAL LAUNDRY lineup,” said Lyu Jae-cheol, president of LG Electronics Home Appliance & Air Solution Company. “Texcare International 2024 is a notable opportunity to grow our commercial laundry business and strengthen our standing in the global market, particularly in Europe.”
*Based on an IEC standard load of 7 kilograms for washing and drying courses. Actual results may vary depending on usage environment and washing conditions.
About LG Electronics Home Appliance & Air Solution Company
The LG Home Appliance & Air Solution Company is a global leader in home appliances, air solutions as well as smart home solutions featuring LG ThinQ. The company is creating various solutions with its industry leading core technologies and is committed to making life better and sustainable for consumers and the planet by developing thoughtfully designed kitchen appliances, living appliances, HVAC and air purification solutions. Together, these products deliver enhanced convenience, superb performance, efficient operation and sustainable lifestyle solutions. For more news on LG, visit www.LGnewsroom.com.
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View original content:https://www.prnewswire.co.uk/news-releases/lg-unveils-professional-laundry-lineup-for-commercial-market-at-texcare-2024-302298541.html
Fintech PR
Court of Appeal Ruling on Motor Finance Mis-selling: Economic Boost Amid Budget Deficit Concerns
CHELTENHAM, England, Nov. 7, 2024 /PRNewswire/ — In light of the UK Budget’s focus on tackling the national deficit, a landmark Court of Appeal ruling in Johnson v. FirstRand Bank could deliver a significant economic boost through potential motor finance mis-selling compensation. Backed by consumer advocates Sentinel Legal, this historic decision may return billions to the UK economy, aligning with the government’s financial objectives.
Economic Impact Comparable to PPI:
The Johnson ruling could mirror the economic lift achieved through Payment Protection Insurance (PPI) compensation after the 2008 crisis, which at its peak contributed up to 3% of the UK’s GDP. With an estimated 90% of all new cars bought using finance—often involving undisclosed or excessive costs—the ruling may affect millions of households and redirect over £21 billion back into the economy.
Government Revenue from Taxed Compensation:
This decision also presents a potential tax revenue stream for the government. Compensation could be taxed at the source, similar to PPI payouts, which generated billions for the Exchequer. This additional revenue arrives at a crucial moment when the government is under pressure to bridge the budget gap.
Sam Ward, Director at Sentinel Legal, stated, “This ruling provides a rare win-win: justice and financial redress for consumers, while also contributing to economic recovery. The parallels with PPI’s impact are striking, and we believe this case has the potential to provide the economic boost the UK urgently needs.”
Support for Consumers and Accountability for Lenders:
For consumers, the ruling offers an opportunity to reclaim funds from lenders who used unfair finance practices, with funds likely reinvested into household budgets. The decision also signals an industry-wide call for transparency and accountability in motor finance.
Ward added, “Through compensation, we’re not only providing financial redress but putting money back into people’s pockets at a time when household budgets are stretched. This is a unique chance to genuinely support the public.”
Pathway for Claims with Sentinel Legal:
The Johnson ruling empowers consumers to challenge lenders over unfair practices, excessive interest rates, and undisclosed commissions. Sentinel Legal, with a record of over £300,000 recovered in motor finance compensation, is offering free consultations and a no-win, no-fee service for those who may be eligible for redress.
This landmark ruling not only offers a critical pathway for consumer justice but also stands to stimulate the UK economy during a time of pressing financial need.
Contact:
Kelly Lewins
[email protected]
07960937800
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Fintech PR
Ford’s Winning Lineup Fuels Record Sales in the Middle East; Sets Stage for Electrified Future
- Record 2024 sales growth in the region driven by strong performance in key markets and Ford’s freshest lineup to date.
- Mustang Mach-E and Territory Hybrid launches highlight Ford’s commitment to an electrified future in the Middle East.
- Connected services are also coming to Ford customers in the region, with the 2025 introduction of FordPass™.
DUBAI, UAE, Nov. 7, 2024 /PRNewswire/ — More customers than ever are buying Ford products across the Middle East, thanks to Ford’s extensive and freshest portfolio of vehicles and services for every lifestyle.
“2024 has been an exceptional year for Ford in the Middle East, with sales having doubled since 2022,” said Ravi Ravichandran, president of Ford Middle East. “This success is due to strong market share gains by our distributors in key countries such as the United Arab Emirates, Kuwait, Bahrain, Qatar and Saudi Arabia.”
In fact, Ford is currently the fastest-growing automotive brand in Saudi Arabia. Al Jazirah Vehicles Agencies and Mohammed Yousef Naghi Motors have accounted for 57 percent of Ford’s total business in the Middle East in the first half of the year.
“The strong performance by all our distributors has contributed to Ford achieving record sales in this important region,” Ravichandran added.
Ford’s strong product momentum comes from 15 nameplates sourced from around the world. Highlights of Ford’s new lineup of products and services include:
2025 Mustang Mach-E: The all-electric Mustang Mach-E premiers in the region next year. This performance-focused electric SUV with space for five adults embodies the Mustang legacy, boasting a 0-100 km/h time of 3.3 seconds. Available with two different battery sizes, the Mach-E has an estimated range of 350-450 Km.
“Mustang Mach E represents a landmark moment for us,” said Kay Hart, president of Ford’s International Markets Group. “It’s our first fully electric vehicle for the region and is truly one of the most exciting vehicles Ford has ever produced.”
Mustang Mach-E will join the F-150, Taurus and Ford Territory hybrids, further solidifying Ford’s commitment to offering a diverse electrified portfolio.
2025 Territory Hybrid: Territory, Ford’s best-selling nameplate in the Middle East, will arrive electrified in 2025. Available across all trims, the Territory Hybrid will combine the popular SUV’s spaciousness, safety features, and convenient design with a fuel-efficient hybrid powertrain, seamlessly blending electric power with the traditional combustion engine for maximized efficiency without compromising performance.
2025 Expedition Tremor: For two decades, customers in the Middle East have bought the full-sized Expedition SUV for its power, capability, convenience, and comfort. The 2025 Expedition takes this legacy even further. Built by off-road experts, it has increased horsepower and torque plus Intelligent 4WD with Terrain Management System and an exclusive Rock Crawl mode. With 33-inch all-terrain tires and 10.6 inches of ground clearance, customers can conquer any terrain – from the deserts of the GCC to the most challenging trail.
Ford Connected Services: Next year Ford will accelerate the launch of Ford Connected Services with the FordPass app first in the UAE, followed by Saudi Arabia.
“FordPass will connect you to your Ford like never before – in a way that puts the ownership experience right in the palm of your hand,” Hart said. “Imagine you’re rushing to a meeting or appointment on a scorching summer day. With FordPass, you can remotely start your car and pre-cool the cabin before you even step outside.”
“Customers in today’s increasingly connected world expect personalised treatment from companies. They want solutions that make them feel productive, cared for and special,” Ravichandran said. “That’s why we’re reimagining every single part of a customer’s ownership journey. Everything we’re doing is to empower customers and make their complicated lives simpler and worry-free.”
That means offering convenient services such as online booking, pickup and delivery options in some markets. There’s also Express Service for routine maintenance so customers can get back on the road with minimal disruption to their day.
Ford’s commitment also includes establishing a new parts distribution center in the UAE, scheduled to open in January 2025. This new center will allow quicker delivery of parts to distributors, allowing Ford owners to get back on the road more quickly.
“Our lineup of innovative products and services shows just how committed Ford is to our customers, our distributors, our employees and our communities across the Middle East,” Hart said.
About Ford Motor Company
Ford Motor Company (NYSE: F) is a global company, committed to helping build a better world, where every person is free to move and pursue their dreams. The company’s Ford+ plan for growth and value creation combines existing strengths, new capabilities and always-on relationships with customers to enrich experiences for customers and deepen their loyalty. Ford develops and delivers innovative, must-have Ford trucks, sport utility vehicles, commercial vans and cars and Lincoln luxury vehicles, along with connected services. The company does that through three customer-centered business segments: Ford Blue, engineering iconic gas-powered and hybrid vehicles; Ford Model e, inventing breakthrough electric vehicles along with embedded software that defines exceptional digital experiences for all customers; and Ford Pro, helping commercial customers transform and expand their businesses with vehicles and services tailored to their needs. Ford employs about 175,000 people worldwide. More information about the company and its products and services is available at corporate.ford.com.
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View original content:https://www.prnewswire.co.uk/news-releases/fords-winning-lineup-fuels-record-sales-in-the-middle-east-sets-stage-for-electrified-future-302298583.html
Fintech PR
Powering Progress through Connectivity: GSMA’s Mobile Economy Sub-Saharan Africa Report Calls for Action to Close the Digital Divide
New report highlights opportunities in AI, 5G, and satellite connectivity to bridge a 60% usage gap and unlock $170 Billion in GDP by 2030
NAIROBI, Kenya, Nov. 7, 2024 /PRNewswire/ — The mobile industry’s $140 billion contribution to GDP in 2023 is projected to reach $170 billion by 2030 if key connectivity barriers are addressed. These are insights from the flagship Mobile Economy Sub-Saharan Africa 2024 Report unveiled by GSMA today. Mobile technology is essential in supporting development goals across key sectors like healthcare, education, and finance, driving economic growth by expanding internet access and digital services.
As digitalisation accelerates, the report highlights that 4G expansion is set to drive connectivity, projected to account for half of all connections by 2030. However, a significant coverage gap remains, with 13% of the population still unreached, and a 60% usage gap affecting those who live within coverage areas but face barriers to get online, such as unaffordable devices, limited digital skills, or online safety concerns.
In addition to these connectivity challenges, the region faces high operating costs, inflationary pressures, and energy price volatility. Despite these obstacles, emerging trends such as generative AI and satellite partnerships present innovative solutions to bridge gaps across sectors. Broader API solutions, such as GSMA Open Gateway, which recently launched security APIs in South Africa, are poised to enhance digital security and simplify services as these initiatives expand regionally. Addressing these issues is essential to unlocking the socio-economic potential of mobile connectivity in Sub-Saharan Africa.
“Our findings this year reveal both the extraordinary potential and the challenges facing Sub-Saharan Africa’s mobile ecosystem,” said Angela Wamola, Head of Sub-Saharan Africa, GSMA. “To fully realise the benefits of connectivity, it is essential for operators, policymakers, and stakeholders to address affordability barriers, support infrastructure expansion, and foster collaborations that drive digital inclusion and economic impact.”
Read the full press release here.
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View original content:https://www.prnewswire.co.uk/news-releases/powering-progress-through-connectivity-gsmas-mobile-economy-sub-saharan-africa-report-calls-for-action-to-close-the-digital-divide-302298062.html
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