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Japanese Research Group Performs Largest Ever Meteorological Calculation on Supercomputer Fugaku

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TOKYO, Nov 24, 2020 – (JCN Newswire) – A Japanese research group consisting of the National Institute for Environmental Studies, RIKEN, Fujitsu Limited, Metro, Inc., and the University of Tokyo has implemented an unprecedented, large-scale coupled calculation of global weather simulation and data assimilation, for a 3.5 km horizontal mesh with 1024 ensembles with the supercomputer “Fugaku”, which is installed at the RIKEN Center for Computational Science in Kobe, Japan. The scale of the calculations performed in this study is approximately 500 times larger than daily ensemble-based data assimilation for weather forecasts performed by meteorological organizations throughout the world. This result demonstrates the high overall performance of Fugaku and showed that the collaborative development of the latest supercomputer, simulation models, and data assimilation systems can realize a much larger scale weather forecasting system. This result also offers the potential to significantly improve the accuracy of future weather forecasts and climate change predictions.

Fig. 1 The Supercomputer Fugaku
Fig. 2 NICAM-LETKF Data Assimilation System Execution Flow and Data Movement
Fig.3 Results of the computation time of the data assimilation part

The research group presented the results of this research at SC20 (held online from November 9 to 19, 2020), an international conference on supercomputers, and was recognized as a finalist for the ACM Gordon Bell Prize, one of the most prestigious awards in computational science. The ACM Gordon Bell Prize is jointly sponsored by the ACM, an international academic society in computer science, and the IEEE Computer Society. This award recognizes studies with the most remarkable achievement throughout the year in the innovation of applying high-performance parallel computing to the field of science and technology.

1. Research Background

Meteorological data is indispensable to our daily lives. Almost every year, damages from heavy rains and tropical cyclones (typhoons) are reported both in Japan and throughout the world, and ever more accurate weather forecasts remain crucial to protecting our lives and property from such meteorological disasters. Current weather forecasting is made possible by information from meteorological observation around the world, numerical simulations, and data assimilation, which uses mathematical methods to combine meteorological data and simulations. To further improve the accuracy of weather forecasts, it is necessary to increase the efficiency of the use of observation data, perform numerical simulations with a finer mesh, and perform more ensemble calculations. However, since all of these require more calculations, possible calculations have been performed within the constraints of limited computer resources. In addition to calculations, the volume of data generated by simulations is also exploding, making it challenging for researchers to complete the transfer of the results within a realistic timeframe.

The design and development of the supercomputer Fugaku (Fig. 1), Japan’s new flagship machine, commenced in 2014 as the successor to the K computer. In June and November 2020, supercomputer Fugaku consecutively won first place in four categories of the world rankings for a variety of computing performance metrics. Despite this recognition, the real goal of Fugaku has not only been to demonstrate simple benchmark performance, but to achieve effective performance up to 100 times that of the K computer by executing application programs actually used in various research fields. To attain this goal, collaborative design (co-design) between the supercomputer system and scientific computing software. Technological trends in the supercomputing are rapidly changing, while the execution speed of software does not necessarily increase (or could even decrease) by using new supercomputers. The global high-resolution atmospheric model NICAM and the Local Ensemble Transform Kalman Filter LETKF used in this study are part of the representative application group selected to advance the codesign. Based on these applications, the research group has been conducting research and development into what kind of algorithms and optimization techniques should be selected to achieve high performance for the latest supercomputers.

This research is the result of conducting the largest and most feasible experiment of high-resolution and large ensemble data assimilation using Fugaku, marking the culmination of these co-design achievements.

2. Various Initiatives to Make Large-Scale Experiments Possible

In the ensemble data assimilation, multiple simulations (Ensemble) with slightly different calculation results are performed, and the results are compared with actual meteorological data, and the trajectory of the simulation is modified to enhance “accuracy”. This makes it possible to predict weather from conditions closer to the real atmosphere. In this study, we performed 1,024 ensemble calculations, more than 30 times larger than the calculations currently performed by the Japan Meteorological Agency. The increase in the number of ensembles enables the effective utilization of information from observation data, offering the potential to significantly improve the accuracy of actual weather forecasts. Figure 2 shows the flow of the calculation and the amount of data input and output for each calculation. The first step is to run 256 simulation calculations, which are repeated four times to obtain 1,024 ensemble results. Each calculation is based on a different initial value, resulting in a total of 1.4 petabytes of data and one million files. In the data assimilation part that followed, the output data were read all at once and analyzed. The need to read and write these data and to perform extensive data switching between the simulation and data assimilation parts has a significant impact on the overall computation time.

In this study, we first performed a “co-design” between the atmospheric simulation model NICAM and the LETKF data assimilation system, which were developed separately. We modified applications in order to ensure as many files as possible were read and written at the same time. The amount of the data transfer was minimized and a fast disk (SSD) near each computer was used. This optimization has dramatically reduced the time it takes to read and write files when many computers are used at the same time. The next step was to reduce the number of digits in the real number. In computers, numbers are expressed in binary, and more zeros and ones must be prepared to represent real numbers with more significant digits. By decreasing the precision of real numbers to reduce the number of digits, it becomes possible to reduce the size of the data to be moved and increase the number of data that the computer processes in a single instruction. On the other hand, since the simulation results deteriorate when the accuracy is reduced, we used idealized experiments to verify the calculation sections that may deteriorate the results.
This is also a “co-design” between scientific performance requirements and computational performance requirements.

In the area of system and application co-design, we worked together with Fujitsu to improve system software that translates program code into machine language, called compilers, so that some of the faster calculations can be applied automatically. A method called “Household Account Method” was also developed that efficiently finds many small sections of wasted time hidden in 100,000 lines of program code and improved the numerical calculation library to suit the needs of the project. The software and knowledge gained from these R&D efforts can be applied to many other types of software.

3. Research Outcomes

As an example of the calculation result, the calculation time of the data assimilation part is summarized in Fig. 3. The horizontal axis represents the number of ensemble members, the vertical axis represents the elapsed time, the dotted line represents double-precision (8 bytes) reals, and the solid line represents mostly single-precision (4 bytes) reals. Each color represents the result of changing the horizontal resolution of the simulation model to 56 km, 14 km, and 3.5 km. The figure shows that increasing the ensemble size increases the time required for calculation, but in the breakdown, the time required for file input/output hardly increases. It was found that the calculation using single-precision real numbers was faster than that using double-precision real numbers, and the increase in calculation time due to the increase in the ensemble size was suppressed. For simulation parts as well, calculations using single precision were performed 1.6 times faster than calculations using double precision real numbers. The largest calculation, on a 3.5-km mesh and 1,024-member basis, utilized 131,072 nodes (6,291,456 computational cores), or 82% of the total number of nodes of Fugaku, yielding 29 petaflops for the simulation part and 79 petaflops for the data assimilation part. The entire series of calculations is estimated to be completed in less than four hours.

The results of this research show that by using a supercomputer with balanced calculation and data transfer performances, such as Fugaku, it is possible to increase the scale and speed of calculation of complicated software such as the one used for numerical weather prediction systems, which is not only simple fluid calculation. These findings are expected to produce results in various scientific fields in the future, because they reflect not only the speed of simple arithmetic operations but also Fugaku’s true performance ability. In the field of meteorology, the results of this calculation are one of the major accomplishments, paving the way for providing more accurate weather forecasts in the future. Data assimilation is used not only for weather forecasting, but also to improve the performance of simulation models themselves and to estimate the emissions and removals of greenhouse gases and air pollutants. We plan to further expand the use of programs that have been innovatively improved through this study, and use them in research on weather, climate, and global environment.

4. Research Support

This work was supported by MEXT as “Program for Promoting Researches on the Supercomputer Fugaku” (Large Ensemble Atmospheric and Environmental Prediction for Disaster Prevention and Mitigation) and used computational resources of the supercomputer Fugaku.

5. Announcement Thesis

H. Yashiro, K. Terasaki, Y. Kawai, S. Kudo, T. Miyoshi, T. Imamura, K. Minami, H. Inoue, T. Nishiki, T. Saji, M. Satoh, and H. Tomita, “A 1024-Member Ensemble Data Assimilation with 3.5-Km Mesh Global Weather Simulations,” in SC20: International Conference for High Performance Computing, Networking, Storage and Analysis (SC), Atlanta, GA, US, 2020 pp. 1-10. doi: 10.1109/SC41405.2020.00005

6. Notes

1. K computer

A supercomputer with a computational speed of 10 petaflops that was jointly developed by RIKEN and Fujitsu and began operations in September 2012 as the core system of the “Building an Innovative High-Performance Computing Infrastructure (HPCI)” program promoted by the Ministry of Education, Culture, Sports, Science and Technology. It was decommissioned in August 2019.

2. Supercomputer Fugaku

Fugaku is the successor to the K computer. It was developed with the aim of contributing to Japan’s growth and producing world-leading results by solving social and scientific problems in the 2020s, delivering the world’s highest level supercomputer in terms of power performance, computational performance, user-friendliness and ease of use, epoch-making results, and comprehensive capabilities for big data and AI acceleration. Full operation is scheduled to begin in fiscal 2021.

“Fugaku” is another name for Mt. Fuji – the height of Mt. Fuji represents the world-class performance of the supercomputer, while the wide base of the famous mountain represents the broad range of applications and users of the supercomputer. In addition, RIKEN selected “Mt. Fuji” because it was well known overseas, and because of the recent trend of naming supercomputers after mountains.

3. NICAM

NICAM stands for Nonhydrostatic ICosahedral Atmospheric Model. A weather and climate model that can simulate the global atmosphere at high resolution. In conventional global climate models, the cloud and precipitation processes require some assumptions due to a lack of horizontal resolution, which is a major source of uncertainty. NICAM realizes highly accurate global simulations by explicitly representing the generation and behavior of clouds.

4. LETKF

LETKF stands for Local Ensemble Transform Kalman Filter. A type of data assimilation method, which is a practical method with excellent parallel computing efficiency. It was first developed at the University of Maryland and has been implemented in various numerical weather forecasting systems around the world. Data assimilation is a statistical, mathematical, interdisciplinary science that connects simulations to the real world and plays a fundamental role in determining the accuracy of numerical weather predictions.

5. Ensemble calculation

Ensemble means “with” and “at the same time” in French. In weather simulations, small differences in initial values and boundary conditions amplify over time, resulting in differences in forecast results. Therefore, a number of calculations (ensemble calculation) are performed, in which initial values and boundary conditions are intentionally changed little by little, to obtain more statistically reliable results. In ensemble data assimilation, a higher level of data assimilation is realized by estimating the uncertainty of simulation which fluctuates from ensemble calculation every moment.

7. Research Group

National Institute for Environmental Studies
Satellite Remote Sensing Section, Center for Global Environmental Research
Senior Researcher Hisashi Yashiro

RIKEN Center for Computational Science
Computational Climate Science Research Team
Team Leader Hirofumi Tomita
Postdoctoral Researcher Yuta Kawai

Data Assimilation Research Team
Team Leader Takemasa Miyoshi
Researcher Koji Terasaki

Large-Scale Parallel Numerical Computing Technology Research Team
Team Leader Toshiyuki Imamura
Postdoctoral Researcher Shuhei Kudo

Application Tuning Development Unit
Unit Leader Kazuo Minami

Fujitsu Limited
Technical Computing Business Unit, Computational Science Division
Senior Manager Hikaru Inoue
Tatsuo Nishiki

Metro, Inc.
Technical Service Division, High Performance Computing Solutions Department
Takayuki Saji

Atmosphere and Ocean Research Institute, The University of Tokyo
Professor Masaki Satoh

About National Institute for Environmental Studies (NIES)

NIES was established in 1974 as Japan’s leading institute for comprehensive research in environmental science and technology. Experts in diverse fields ranging from pure sciences, engineering, agriculture sciences, medical sciences, pharmaceutical sciences, and fishery sciences to law and economics, cooperate to pioneer new methodologies and foster pioneering research that will facilitate improvements in environmental circumstances.

About RIKEN Center for Computational Science

RIKEN is Japan’s largest comprehensive research institution renowned for high-quality research in a diverse range of scientific disciplines. Founded in 1917 as a private research foundation in Tokyo, RIKEN has grown rapidly in size and scope, today encompassing a network of world-class research centers and institutes across Japan including the RIKEN Center for Computational Science (R-CCS), the home of the supercomputer Fugaku. As the leadership center of high-performance computing, the R-CCS explores the “Science of computing, by computing, and for computing.” The outcomes of the exploration – the technologies such as open source software – are its core competence. The R-CCS strives to enhance the core competence and to promote the technologies throughout the world.

About Fujitsu

Fujitsu is the leading Japanese information and communication technology (ICT) company offering a full range of technology products, solutions and services. Approximately 130,000 Fujitsu people support customers in more than 100 countries. We use our experience and the power of ICT to shape the future of society with our customers. Fujitsu Limited (TSE:6702) reported consolidated revenues of 3.9 trillion yen (US$35 billion) for the fiscal year ended March 31, 2020. For more information, please see www.fujitsu.com.

About the Atmosphere and Ocean Research Institute

The Atmosphere and Ocean Research Institute (AORI), the University of Tokyo is one of the world’s leading research institutes in oceanic and atmospheric science, and is authorized as a Joint Usage/Research Center for Atmosphere and Ocean Science by the Ministry of Education, Culture, Sports, Science and Technology, Japan. AORI promotes cooperative research in a variety of fields including using the research vessels “Hakuho-maru” and “Shinsei-maru”, onshore laboratory facilities, climate system models and so on.

Press Contacts:

National Institute for Environmental Studies
Senior Researcher Hisashi Yashiro
E-mail: [email protected]

Data Assimilation Team
Researcher Koji Terasaki

RIKEN Center for Computational Science
E-mail: [email protected]

Metro, Inc.
Business Sales Division Sales Promotion Office
E-mail: [email protected]

Source: http://www.jcnnewswire.com/pressrelease/62901/3/

OTC Newswire

Mass Megawatts (MMMW) Plans to Launch Florida Solar Project Sales Office in Early Spring 2021

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WORCESTER, Mass., January 15, 2021 — OTC PR WIRE — Mass Megawatts Wind Power, Inc. (OTC PINK: MMMW) plans to launch a sales office in Florida during the early months of 2021 in order to take advantage of the fast-growing solar market in the state. The sales operation includes the sales of both traditional stationary solar units and solar projects including the patent pending solar tracker.  Initially, the Florida operations would comprise no more than nine employees within a short period of time. The sales effort plans include a sales manager, assistant sales manager, field employees to identify potential sales, and other employees to close the sales. Installations of the solar projects would be done either in house or outsourced on a case-by-case basis. The use of our patent pending solar tracker would only be used on ground mount or flat roof projects.

Recently, the company announced progress with plans on producing the new solar tracker. The use of solar trackers is known to reduce the cost of solar powered electricity. Although Mass Megawatts in 2021 is aiming to achieving a very small fraction of global demand of this specific solar market segment, the solar tracker market is anticipated to be worth more than $3 billion by 2025 expanding from the current market size of about $2 billion. Mass Megawatts sees an opportunity to be part of the growing solar tracker market with a lower cost product than the trackers marketed by other solar tracker companies in this high growth segment of the solar energy market.  A solar tracker is a method of tracking the sun throughout the day for a photovoltaic (PV) system. In order to increase energy output throughout the day. The market is anticipated to have substantial growth due to the growing need for renewable energy.

In order to encourage sales of a new technology, Mass Megawatts will produce a limited supply of solar trackers to be sold at the cost to produce the product for a limited amount of small commercial ground mounted solar project.  The discount will be primarily available to purchasers with substantial knowledge of solar power installations. The project owners would have to agree to a limited amount of publicity related to the project. It is a good opportunity for any business seeking to receive publicity related an effort to advance renewable energy technology.  More information is available at www.massmegawatts.com with a contact page available for anyone seeking to get involved.

Mass Megawatts is finalizing efforts to bring a new Solar Tracking technology with more electric cost savings for its customers in comparison to its stationary units. The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to improve solar-energy production while and at the same time reduce material and installation cost.

The patented pending, Mass Megawatts ‘Solar Tracking System’ (STS) is designed to automatically adjust the position of solar panels throughout the day to receive an optimal level of direct sunlight. Unlike other solar tracking technologies, the Mass Megawatts STS utilizes a low-cost structure that adds stability to the overall system while also improving energy production levels. The STS also uses a proprietary mechanical innovation to limit dynamic and static loading on the tracker, which can occur during periods of high wind and extreme weather, in order to reduce wind-related stresses and system downtime. The STS allows Mass Megawatts to lower the cost of material and reduce the number of solar panels needed to generate the rated capacity. Due to this advantage, Mass Megawatts can deliver more solar power production at a price similar to lower-capacity, stationary systems.

With its patent pending, Solar Tracking System and Wind Electric Power Generation system, only approximately 66 million shares issued and outstanding, and very little debt. Mass Megawatts believes it is well positioned for expanded production and supporting its revenue generation goals in the longer term.

Product information and sales inquiries can be made through the company’s contact page at www.massmegawatts.com and the e-mail address on the website.

This press release contains forward-looking statements that could be affected by risks and uncertainties. Among the factors that could cause actual events to differ materially from those indicated herein are: the failure of Mass Megawatts Wind Power, also known as Mass Megawatts Windpower, to achieve or maintain necessary zoning approvals with respect to the location of its power developments; the ability to remain competitive; to finance the marketing and sales of its electricity; general economic conditions; and other risk factors detailed in periodic reports filed by Mass Megawatts Wind Power.

Contact:

Mass Megawatts Wind Power, Inc.

info@massmegawatts.com

www.massmegawatts.com

Source: https://otcprwire.com/mass-megawatts-mmmw-plans-to-launch-florida-solar-project-sales-office-in-early-spring-2021/

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ACN Newswire

Concord Adex Unveils Toronto’s Mystery Bridge Suite

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TORONTO, Jan 15, 2021 – (ACN Newswire) – It’s a lair fit for Mr. James Bond himself. The long-awaited Bridge Suites (https://concordbridgesuites.com/), Concord’s iconic addition to the Toronto skyline, is finally unveiled. Globally recognized as an architectural feat, the Bridge Suites were built into Parade’s SkyBridge at the foot Canoe Landing Park in Toronto, Ontario and have been a source of curiosity throughout the city – and the world – since inception.

As the country’s highest (and largest) suspended residence, the jaw-dropping Bridge Suites are an engineering and architectural marvel. The 450 tonne, 40 metre structure that took over 14 hours to lift into place is no longer a mystery. Its unique outlook suspended in the sky allows for unobstructed vistas to Lake Ontario in one direction and miles of city views to the other.

“Rarely in a city can you point in the sky and say definitively, ‘I live there,” however, the uniqueness of this residence makes it very hard to miss,” said Isaac Chan, Vice President, Sales and Marketing at Concord Adex. “The Bridge Suites have long sparked intrigue from Torontonians and we’re excited to pull back the curtain and finally give everyone the grand tour of this incredible space.”

The Grand Bridge Suite, listed at $4,550,000, is the largest of the two suites and the only one of two to be publicly offered. It is 4,168 square feet of living space spanning 3 floors including double height living, dining and study. Featuring timeless design, finishes and furnishings from LIV Design Studio (https://livca-prod.k8s.trustliv.com/), the SkyBridge also boasts an 823 square foot outdoor retreat serviced by an indoor bar and sunroom. The master bedroom comes with Toronto’s ultimate bathing area, boasting breathtaking views of the lake. Additionally, the suite is equipped with private three car garage and premium storage space.

“This project was unlike any other due to the true uniqueness of the space,” said Olivia Lam, Principal, LIV Design Studio. “The architecture is so unique that creating the right balance of program and timelessness was a welcome challenge.”

Concord has been building Canada’s largest lifestyle-forward urban communities for over 30 years. Concord Pacific Place in Vancouver and Concord CityPlace in Toronto are the country’s two largest urban master-plans. Concord also expanded to Seattle’s tech hub in the United States and London, UK including the completion of Principal Tower in the Principal Place neighbourhood, home to Amazon UK. These communities are renowned for their vibrant urban planning and have been emulated globally. The award-winning developer is Canada’s most substantial contributor of city parks and privately funded public art. In addition to their design sustained neighbourhoods, the company’s green energy arm generates twice the amount of energy needed to power them.

#concordbridgesuite
Access images and relating documents here
https://drive.google.com/drive/folders/1qfsSFxksrfQ-6orZ9i-2iAam4Lig5ACt

For interviews, images or for more information, please contact:

Jacqueline Kendall
[email protected]
(647) 453-5225

About Concord Pacific
Concord Pacific is a Canadian headquartered developer of multi-phased, master-planned residential communities. With more than 40,000 units built or currently under development, it is Canada’s largest urban community builder and has won numerous national and international awards for design and excellence. Their development schemes are strategically designed to enhance the lifestyles of its residents with innovative architecture and engaging public spaces of world-class scale and use. For more information, visit concordpacific.com. For more information on the Bridge Suites, visit concordbridgesuites.com.



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Sectors: Daily Finance, Real Estate, Daily News

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Source: http://www.acnnewswire.com/press-release/english/63935/

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ACN Newswire

TES Agrees Minority Equity Investment with Sojitz

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SINGAPORE, Jan 15, 2021 – (ACN Newswire) – Sojitz is engaged in a wide range of businesses globally, including buying/selling/importing/exporting goods, manufacturing and selling products, providing services, and planning and coordinating projects in Japan and overseas. Sojitz also invests in various sectors including automobiles, aerospace, medical infrastructure, energy, mineral resources, chemicals, agricultural and forestry resources, consumer goods and industrial parks. Headquartered in Japan, the Sojitz Group consists of approximately 400 subsidiaries located around the world.

With recent concerns surrounding resource depletion and uneven commodity resource distribution, the resource recycling business is expected to become increasingly important. This investment means TES can combine its extensive capability base with Sojitz’s deep experience in metals and comprehensive resource recycling businesses to develop and innovate outcomes for commodities that will become a significant source of raw materials in the coming decades. Sojitz will partner with TES to promote TES services in Japan, and Sojitz’s extensive network will leverage TES’s lithium-ion battery recycling and energy storage businesses.

“TES’s mission is to make a decade of difference by securely, safely and sustainably transforming and re-purposing 1 billion kilograms of assets by 2030,” said Gary Steele, TES’ Chief Executive Officer. “Sojitz’s experience and shared vision of a more sustainable world make them an ideal partner for TES. The Sojitz investment reaffirms that, and we couldn’t be more excited about partnering with them to offer sustainable technology solutions that drive the circular economy in Japan.”

TES is backed by Navis Capital Partners, one of Southeast Asia’s largest private equity companies, with over US $5 billion under management. Jean-Christophe Marti, Senior Partner at Navis, commented: “Looking ahead, global manufacturing is potentially facing raw material commodity shortages stemming from the exponential proliferation of IoT devices, electric vehicles and mobility devices. Visionary companies like Sojitz understand that, and this partnership is another step in the realization of our foundational strategy to build a global sustainability leader around the TES platform.”

About TES

Founded in 2005, TES is a circular economy leader focused on helping customers with the commissioning, deployment and retirement of IT assets. As one of the world’s largest providers of IT lifecycle services, TES understands the common challenges faced when managing IT equipment through its lifecycle, and our bespoke, cost-effective solutions address these challenges while maintaining compliance with all local and international data security, environmental and industry regulations.

TES has an unmatched global footprint and operates 40 locations across 20 countries with more than 1,700 employees. Our mission is to create outstanding value for our customers, employees and stakeholders as well as for the global community by leveraging our unique combination of security, value recovery and environmental expertise. Find out more at www.tes-amm.com.

About Sojitz

Find out more at https://www.sojitz.com/en

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Media Contact Information
[email protected]

To view the source version of this press release, please visit https://www.newsfilecorp.com/release/72133



Topic: Press release summary
Sectors: Daily Finance, Environment, Daily News, Alternative Energy

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From the Asia Corporate News Network

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Source: http://www.acnnewswire.com/press-release/english/63946/

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Automotive

Ultrack Systems Secures Significant Debt Reduction

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Concord, Ontario, January 14, 2021 – OTC PR WIRE – Ultrack Systems Inc. (OTC PINK: MJLB), a total fleet-management GPS tracking and monitoring solution provider, is pleased to announce that the Company has secured a favorable debt reduction with the Company’s key funder.

The Company also reached a decisive and favorable settlement with its key funder for a substantial debt reduction of $105,150.00. This was achieved by restructuring the debt in ways that will prevent any dilution through the issuance of Preferred Series “A” class of shares. The Preferred Series “A” shares has voting rights of two thousand five hundred (2,500) votes for every share held and the shares are Non-Convertible. This outstanding debt represents the vast majority of the corporate debt and the Company is thrilled to have achieved an approximately 65% removal of the entirety of this debt from off Company books for Q1, 2021.

Ultrack CEO Michael Marsbergen commented: “We are grateful for the attention that Ultrack “MJLB” has received during the month of December and the increasing shareholder base. As we move forward into Q1 of 2021 our team has really taken a close look at our company’s capital structure. I am committed to growing this company and adding value to our shareholder base wherever possible. As evidence of my commitment and in an effort toward getting 2021 started off on the right foot we’ve secured with our primary funding partner the immediate debt cancellation of $105,150.00 convertible debt. Management is working hard to assure our shareholders of a stable and responsible share structure.”

Paperwork has already begun in earnest to retire shares and will be submitting next week to the transfer agent for processing. Ultrack Systems management believes the corporate transfer agent will acknowledge this retirement and update the share structure numbers accordingly. The Company is committed to seeing this reduction through to the finish line early in Q1, 2021.

As always, the Company invites current and future shareholders to check back regularly at our website http://ultrack.ca, Facebook page:  www.facebook.com/UltrackSolutions and Twitter page: https://twitter.com/UltrackI

Safe Harbor Statement This Press Release may contain certain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The Company has tried, whenever possible, to identify these forward-looking statements using words such as “anticipates,” “believes,” “estimates,” “expects,” “plans,” “intends,” “potential” and similar expressions. These statements reflect the Company’s current beliefs and are based upon information currently available to it. Accordingly, such forward-looking statements involve known and unknown risks, uncertainties and other factors which could cause the Company’s actual results, performance or achievements to differ materially from those expressed in or implied by such statements. The Company undertakes no obligation to update or advise in the event of any change, addition or alteration to the information catered in this Press Release including such forward-looking statements.

Contact: Ultrack Systems, Inc

Phone: 800-893-9506

Email: info@ultrack.ca

Website: http://ultrack.ca

Facebook: www.facebook.com/UltrackSolutions

Twitter: https://twitter.com/UltrackI

Source: https://otcprwire.com/ultrack-systems-secures-significant-debt-reduction/

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