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SCE agrees to $2.2 billion payout to settle wildfire claims

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Southern California Edison agreed to pay $2.2 billion within the next 90 days to settle insurance claims stemming from the 2018 Woolsey Fire.

The utility also reached settlements with around 1,000 plaintiffs in litigation arising from the 2017/2018 Wildfire/Mudslide Events, which include the Woolsey Fire, the 2017 Thomas and Koenigstein fires, and the 2018 Montecito Mudslides.

The utility offered no admission of wrongdoing or liability in reaching the settlements.

In 2019, the utility said that it may have been responsible for starting the Woolsey Fire. That statement followed an investigation by fire officials.

The fire destroyed more than 1,600 structures, injured three firefighters, and killed three people as it burned near Malibu. It became one of the most destructive fires in the state, according to the California Department of Forestry and Fire Protection.

SCE estimates that potential losses for remaining claims could reach $4.6 billion and does not include any potential fines and penalties. The amount will be reduced by the $2.2 billion paid under terms of the insurance settlement.

SCE’s parent company, Edison International, said last year that it anticipates issuing around $1 billion of equity to invest in SCE to enable the utility to debt-finance claims payments and maintain investment-grade credit ratings.

The utility also will seek to recover uninsured costs resulting from the disasters through electric rates. Recovery is subject to regulatory approval.

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Source: https://pv-magazine-usa.com/2021/01/26/sce-agrees-to-2-2-billion-payout-to-settle-wildfire-claims/

Blockchain

Public, private actors in Delhi trial blockchain-based solar energy trading

A peer-to-peer marketplace based on PowerLedger’s blockchain technology will enable consumers and prosumers to trade their surplus rooftop solar energy.

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A peer-to-peer marketplace based on PowerLedger’s blockchain technology will enable consumers and prosumers to trade their surplus rooftop solar energy.

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Trade with the Official CFD Partners of AC Milan
Source: https://cointelegraph.com/news/public-private-actors-in-delhi-trial-blockchain-based-solar-energy-trading

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Human Unitec International Announces DTC Eligibility, OTC Markets Pink Current Information Tier; Equity Stake in Sedda Green Energy Anticipated to bring over $600,000 USD per Year

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Boston, Massachusetts, March 2, 2021 – OTC PR WIRE — Human Unitec International Inc., (OTC Pink: HMNU) (“Human Unitec” or the “Company”) is pleased to announce that as of February 26th, 2021, our common shares are now eligible for settlements through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Human Unitec’s common shares are now fully DTC eligible and will continue to trade in the United States under the ticker symbol “HMNU”. Through an electronic method of clearing securities, DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

Human Unitec’s President & CEO, Fabrizio Bosticco, commented, “We want to assure our U.S. investors that we will strive to make it seamless to invest in our company. Now that our shares are fully DTC eligible, this helps the process of electronically clearing securities and reduces the costs and timeliness of the settlement process for investors and brokers. This will broaden our reach, and make it as smooth as possible for investors across North America to join us on our journey.”

On February 26, 2021, the OTC Markets upgraded our OTC Market Status to OTC Market PINK and Current with our regulatory and financial filings, including our Attorney Letter from our SEC Compliance Counsel, Matthew McMurdo, Esquire, NYC, NY.

The Company is also pleased to announce that, in the peak of the current global pandemic, on November 25, 2020 the first 10 ton tire recycling plant has been delivered to Sedda Green Energy, the plant implemented and is prepared for full operation. As previously announced HMNU own 50% of the capital shares of Sedda Green Energy and the operation of the plant will generate to the Company over $600.000,00 USD in revenue per annum.

Forward-looking statements:

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as “anticipates”, “assumes”, “believes”, “estimates”, “expects”, “should”, “will”, “will likely result”, “forecast”, “outlook”, “projects”, “may” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON, MA 02109
Contact: Telephone (413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1
www.hmnuinc.com

 

 

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Source: https://otcprwire.com/human-unitec-international-announces-dtc-eligibility-otc-markets-pink-current-information-tier-equity-stake-in-sedda-green-energy-anticipated-to-bring-over-600000-usd-per-year/

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Energy

Human Unitec International Announces DTC Eligibility, OTC Markets Pink Current Information Tier; Equity Stake in Sedda Green Energy Anticipated to bring over $600,000 USD per Year

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Boston, Massachusetts, March 2, 2021 – OTC PR WIRE — Human Unitec International Inc., (OTC Pink: HMNU) (“Human Unitec” or the “Company”) is pleased to announce that as of February 26th, 2021, our common shares are now eligible for settlements through the Depository Trust Company (“DTC”), a subsidiary of the Depository Trust & Clearing Corp. that manages the electronic clearing and settlement of publicly-traded companies in the United States.

Human Unitec’s common shares are now fully DTC eligible and will continue to trade in the United States under the ticker symbol “HMNU”. Through an electronic method of clearing securities, DTC eligibility reduces costs and accelerates the settlement process for investors and brokers allowing the Company’s common shares to be traded over a much wider selection of brokerage firms by coming into compliance with their requirements.

Human Unitec’s President & CEO, Fabrizio Bosticco, commented, “We want to assure our U.S. investors that we will strive to make it seamless to invest in our company. Now that our shares are fully DTC eligible, this helps the process of electronically clearing securities and reduces the costs and timeliness of the settlement process for investors and brokers. This will broaden our reach, and make it as smooth as possible for investors across North America to join us on our journey.”

On February 26, 2021, the OTC Markets upgraded our OTC Market Status to OTC Market PINK and Current with our regulatory and financial filings, including our Attorney Letter from our SEC Compliance Counsel, Matthew McMurdo, Esquire, NYC, NY.

The Company is also pleased to announce that, in the peak of the current global pandemic, on November 25, 2020 the first 10 ton tire recycling plant has been delivered to Sedda Green Energy, the plant implemented and is prepared for full operation. As previously announced HMNU own 50% of the capital shares of Sedda Green Energy and the operation of the plant will generate to the Company over $600.000,00 USD in revenue per annum.

Forward-looking statements:

This document contains certain forward-looking statements with respect to the financial condition, results of operations and business of Human Unitec International Inc., (HMNU), a startup company, and certain of the plans and objectives of HMNU with respect to these items. Examples of forward-looking statements include statements made about our strategy, estimates of sales growth, future EBITA and future developments in our organic business. Forward-looking statements can be identified generally as those containing words such as “anticipates”, “assumes”, “believes”, “estimates”, “expects”, “should”, “will”, “will likely result”, “forecast”, “outlook”, “projects”, “may” or similar expressions. By their nature, forward-looking statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these forward-looking statements.

These factors include, but are not limited to, domestic and global economic and business conditions, the successful implementation of our strategy and our ability to realize the benefits of this strategy, our ability to develop and market new products, changes in legislation, legal claims, changes in exchange and interest rates, changes in tax rates, pension costs and actuarial assumptions, raw materials and employee costs, our ability to identify and complete successful acquisitions and to integrate those acquisitions into our business, our ability to successfully exit certain businesses or restructure our operations, the rate of technological changes, political, economic and other developments in countries where HMNU operates, industry consolidation and competition. As a result, HMNU actual future results may differ materially from the plans, goals and expectations set forth in such forward-looking statements.

Human Unitec International
6 LIBERTY SQUARE, #2328 BOSTON, MA 02109
Contact: Telephone (413) 327.9567
Email: hmnuusa@gmail.com
https://twitter.com/HMNU_1
www.hmnuinc.com

 

 

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Source: https://otcprwire.com/human-unitec-international-announces-dtc-eligibility-otc-markets-pink-current-information-tier-equity-stake-in-sedda-green-energy-anticipated-to-bring-over-600000-usd-per-year/

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Energy

TBY Holding To Acquire IP Brokerage Rights For Erdal Can Alkoclar & Metehan Yesil Patents

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ZURICH, March 2, 2021 /PRNewswire/ — TBY Holding, a newly founded investment holding company that has recently purchased 75% shares of Europe’s largest biomass energy facility plant, has acquired the sole exclusive Intellectual Property Brokerage Rights of 128 pharmaceutical patents…

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Source: https://www.prnewswire.com:443/news-releases/tby-holding-to-acquire-ip-brokerage-rights-for-erdal-can-alkoclar–metehan-yesil-patents-301238289.html

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