Avigan, an influenza anti-viral developed by FujiFilm, comes in pill and IV form and is currently being tested in Japan and elsewhere as a therapeutic to reduce the severity of COVID-19 symptoms and speed the recovery of patients under treatment for the virus. Under terms of the agreement, FujiFilm will collaborate with Global Response Aid (GRA) and Dr. Reddy’s to manufacture Avigan and distribute, sell and market it around the world. The agreement will increase production volumes and help reach patients faster amid the current pandemic.
The partnership will eventually cover manufacturing and distribution for markets that are home to 6 billion of the world’s 7.8 billion people. FujiFilm will continue to market Avigan exclusively in Japan, Russia and China. Dr. Reddy’s and GRA will distribute, sell and market Avigan in all other countries globally.
The agreement calls for GRA and Dr. Reddy’s to manage sales, marketing, regulatory compliance and distribution of Avigan. As an affiliate of Agility, GRA will use the logistics company’s global network. Agility has more than 30 GDP-certified facilities worldwide and is able to provide a full range of logistics services: storage, distribution and transportation to include air freight, ocean freight and road freight.
Dr. Reddy’s will manufacture the Active Ingredient and Formulation of Avigan, utilizing its multiple manufacturing facilities in strategic locations. Agility, a leading global logistics company that established GRA, will provide logistics and distribution services.
“If current testing is able to establish Avigan as a safe, effective treatment for COVID-19, we can’t afford to wait before making it available to as many people around the world as possible,” said Tarek Sultan, CEO of Agility. “We need to be producing a high volume of treatment courses and have a distribution network and plan in place so make Avigan available to as many frontline health providers as possible. GRA’s partnership with Dr. Reddy’s and FujiFilm gives us that capability.”
KUWAIT, 29 June 2020 – Agility, a leading global logistics provider, held today its Annual Ordinary General Assembly Meeting, with a quorum of 66.17%.
The meeting was held by teleconference because of current physical distancing measures put in place by the Kuwait government to combat the COVID-19 crisis. Shareholders approved all the items on the agenda, including Agility’s audited financial results, and endorsed the Board of Directors’ recommendation for a cash dividend of 5% (5 fils for every share) and a bonus share distribution of 15% (15 shares for every 100 shares).
Dividend distribution will apply to the shareholders registered in the company’s records at the end of the settlement date on 26 July 2020, and payments will be distributed on 28 July 2020, provided that the company is able to finalize related processes in light of the COVID-19 crisis. Cash dividend distributions will be transferred electronically to the shareholders bank accounts that have registered with Maqasa. Shareholders are kindly requested to check with Maqasa to update their records.
Agility had announced a net profit of KD 86.8 million, or 52.14 fils per share for the year 2019, an increase of 7% from 2018. Revenue for the year reached KD 1,578.6 million, and EBITDA was KD 193.1 million, increases of 1.8% and 24.7%, respectively.
“Our 2019 performance was strong, but as everyone knows, this year has been tough. Our first priority is ensure the safety of our employees, customers and other stakeholders. Operationally, we are taking all prudent measures to keep business running and maintain financial flexibility. We are confident that we will emerge from this crisis stronger than ever, especially with your support,” said Agility Vice Chairman and CEO Tarek Sultan.
Hypertruck ERX leverages an existing fueling infrastructure to offer net-negative GHG emissions and the lowest operating cost for fleets
Austin, TEXAS (June 25, 2020) — Hyliion Inc., a leader in electrified powertrain solutions for Class 8 commercial vehicles, announced today the launch of its Hypertruck Electric Range Extender (ERX), a long-haul, fully electric powertrain delivering superior performance, emissions reductions and cost-savings to the global trucking industry.
The launch of the Hypertruck ERX is anchored by Agility, one of the world’s leading logistics companies with $5.2 billion in revenue and offices in 100 countries. Agility has confirmed a pre-order of up to 1,000 trucks and has agreed to invest in a private offering of securities to be issued by Tortoise Acquisition Corp. (NYSE: SHLL) in connection with Hyliion’s recently announced business combination.
“Hyliion is leading the way in electrified trucking. Our practical solution addresses the most important needs of today’s fleets: cost savings, lower emissions and a fueling infrastructure that can support long-haul transportation,” said Hyliion’s CEO and founder, Thomas Healy. “We’re already seeing robust interest in the Hypertruck ERX from fleets like Agility who are looking for electric solutions that can be seamlessly integrated.”
Combined with a fully electric drivetrain and a natural gas-powered onboard generator to recharge the battery, the Hypertruck ERX will provide more than 1,000 miles of range. The powertrain also produces electricity locally at roughly 30 percent less than the average grid cost, which yields a seven-year cost-of-ownership unmatched by any diesel, battery-electric (BEV) or hydrogen fuel-cell (FCEV) Class 8 truck under development.
“The Hyliion technology is so game-changing that all companies, especially those with consumer-facing brands, will be forced to adapt,” said Tarek Sultan, vice chairman and CEO of Agility. “It’s a triple win: Protect the environment, keep customers happy and benefit shareholders by improving the bottom line. We look forward to bringing significant cost savings and greater efficiency to our customers.”
With more than 700 public stations across the U.S., the Hypertruck ERX leverages a robust natural gas refuelling infrastructure. The truck is the only electric Class 8 vehicle that can achieve a net-negative greenhouse gas emissions footprint using renewable natural gas (RNG). It will achieve 25 miles of pure electric vehicle range in compliance with cities adopting “Zero Emission Zones.” The vehicle’s low carbon footprint is further enhanced by the system’s machine learning algorithm, which optimizes energy efficiency, emissions, performance and predictive maintenance schedules.
Continuing Hyliion’s long-standing partner relationship with Dana Incorporated (NYSE: DAN), the Hypertruck ERX will feature Dana’s electric motor, inverter and axle technologies, and Dana plans to provide its state-of-the-art manufacturing capabilities to support Hyliion in achieving full volume production of its powertrain systems. Initial Hypertruck ERX fleet demonstration vehicles have already been allocated to customers for delivery in 2021, with volume shipments scheduled in 2022. For more information on the Hypertruck ERX, click here.
You’re a technologist and a CDO. What lessons have emerged from this crisis as far as digital transformation, technology adoption and the future?
To state the obvious, there is clearly an acceptance of a new normal. That new normal is about replacing inefficient work practices that we’re only starting to realize were inefficient — commuting to a workplace for an hour or hour and a half, then having people interrupt your workflow for an hour or more just seems so inefficient. I’ve found myself more productive while working longer hours. I’m calm, I’m not running around, but I do have more time to get things done.
My question is will we be able to take the “best of,” or will we be going back to work the old way. I find it hard to believe I’d spend 18 to 20 hours to get somewhere to have three days of all-day meetings, having a 50% productivity loss over what I have today.
Instead of making some of our online work sessions simply replicate the day-long meetings – stretching from 9:30 to 5:30 in some lucky person’s time zone – we’re doing them in three-hour maximum sessions over multiple days. We find that a meeting we could have conducted in four days in one centralized location we can do in seven days – without flight time – in short sessions of three hours each with a lot more concentration. Shorter work sessions stretched over a longer time. We’re able to keep a project going with development, deployment and legacy system maintenance, all in parallel. As opposed to having to do things sequentially when we met face to face.
I think the mood is better. The productivity is higher, the collaboration is greater. Of course, as will all things we take the good with the bad, and my team members tell me that they miss the social interaction. This substitution of workplace social contact with other social contact may not be a bad thing. It both expands a person’s network and draws a firmer line between work and personal spaces.
I’ve spoken to people over Zoom that I have not connected with in the workplace in years. It’s simple, and you get face-to-face contact, and you’re done. I’m finding a move away from physical to digital. Sharing files, all that stuff, is a lot easier.
What has surprised you?
What has surprised me on the upside is the speed with which people adapted. I didn’t expect it. What surprises me on the downside is the trivial issues we didn’t think of that represent enterprise-level risks. We now have every employee’s home network as a risk because we don’t have an easy way to secure it. So we have had to boost our centralized security defenses. Data backups. How can you backup somebody’s home-based computer over a home-based wifi network automatically without adding a layer of administration? We haven’t had experience of these things at scale, and we’ve had to learn as we’ve gone.
Companies with employees who’ve had to do bandwidth upgrades on their home wifi to do Zoom calls. Who pays for that? Who manages that? How do you account for the fact that people will use the bandwidth to watch Netflix in the evening? Maybe that’s OK. In the past, companies used to pay for company cars and provide company car allowances.
I wouldn’t want to be a commercial real estate owner – an owner of office space right now. I think a lot of companies are thinking through what value it adds to bring everyone to a centralized place every day in high rent areas and then disperse them again at the end of the day. Work as a social construct may be ending.
Has the crisis separated digital laggards from digital leaders in your view?
Yes, but not in pure technology, per se. The time duration (of the COVID crisis) has been too short, so far. It’s the manner in which they’ve built a commercial response around technology. We’ve had vendors say to us that as a result of your having to work from home, we’ll temporarily remove the limits we’ve imposed on some of our technology – for instance, with VPN access and off-site license access. They’ve allowed us to “burst” capacity ahead. Others have taken advantage of it and said, this is a great opportunity for us to make money so we’ll exploit it. Guess where our preferences will be when we come out of all this? The leaders and the people who could afford to be generous towards customers are going to win.
What about the future of work? Workforce tracking, wearables, physical distancing, temperature checks?
I talked to a company this morning with warehouse-wearable tech they’re going to use so that it sounds alarms when social distancing limits are broken. I’ve been surprised by how fast people have responded. Contact-tracing apps are a missed opportunity. We didn’t adopt them when we should have. Apple and Google can tell us when traffic is up 16% or whatever in Los Angeles. They can help local authorities. But I don’t think it’s enough – it’s a hugely missed opportunity – largely because of the privacy aspects. I don’t see why every iPhone or Android device that I come into proximity with can’t be used to trigger a text that tells me somebody in my vicinity has come down with COVID in the last two weeks and tells me I should get checked. There are privacy concerns, but why not have it opt-in, then you can turn it off when COVID is over.
Australia, Hong Kong have done some good work with all this. Some of that is analog – masks are key, testing is key. This is basic science, not politics or items of faith. What is so wrong with relying on science and data? We even design our road and bridge infrastructure using data science on traffic flows. I get the privacy aspect but safeguards can be designed.
What about changes in consumer patterns and behaviors?
Online shopping has exploded, as if there was any additional momentum needed. I was impressed with the way Amazon quickly used data science to flag businesses that qualified for PPE. Amazon started to go thru biz users to say, you can’t buy masks because you’re not qualified, or you can because you are qualified. Companies in the medical industry were flagged. That’s using data science.
We’re using data science and classifications to choose who to channel supply chain product to. That has not been done before.
What about B2B and supply chain?
We’ve found that the customers that have a high degree of digital supply chain already built in were able to flex a lot better and more quickly with us. This is the new digital divide that separates winners and losers. Large, sophisticated apparel companies and technology hardware makers shifted to air freight and changed their ordering processes quickly, as an example. You’d expect little guys to be more nimble. But what’s happened is that the bigger players that already established a strong digital footprint were able to use it to put more distance between themselves and the competition. It’s created a catchup situation for companies that weren’t highly digitally capable.
New building boasts energy efficiency and sustainability features
BARCELONA, Spain – June 18, 2020 – Agility Spain has moved into a state-of-the-art, 11,000-square-meter warehouse and office facility at ZAL Port (Prat) in the Port of Barcelona.
The facility was built by CILSA, the company that manages Port of Barcelona’s Logistics Zone, and is part of more than 270,000 square meters of projects under development by CILSA.
The new Agility Spain warehouse is equipped with state-of-the-art technology for logistics. Construction followed the strictest criteria for energy efficiency and sustainability with a goal of receiving LEED Gold certification from the U.S. Green Building Council. The office block has been adapted to allow full access for the disabled.
Features of the warehouse include free height of 11 meters in the storage area and a deck roof built on site. The plot is equipped with 56 private parking spaces distributed in two areas and 25 loading gates with automatic sectional doors and external shelters.
This new building addresses the current needs and planned growth of Agility Spain, which offers a complete range of logistics, multimodal transport and distribution services for industrial, service and retail companies operating in the country. The company operates 25,000 square meters of space in Spain for storage and distribution with flexible designs that improve the level of service and reduce costs for customers.
“Agility Spain offers extensive experience with three customs warehouses, temperature-controlled management, and the GDP certification required by pharmaceutical companies,” says Carlos Martinez, Sales Director, Agility Spain. “We focus on the renewable and engineering sectors, project logistics, transportation management, and turnkey projects for large-scale and complex initiatives.”
Agility Partners ExpandCart, Shipa let sellers build online stores, fill orders quickly, seamlessly
KUWAIT – June 1, 2020 – Agility and two partner companies moved to help retailers and small businesses start or grow online sales through efficient, easy-to-build digital stores and easy-to-use shipping, fulfillment and delivery services.
The partnership teams ExpandCart, one of the Middle East’s leading e-commerce enablers, with Shipa, Agility’s digital innovation arm. ExpandCart lets small businesses and retailers move online quickly by building branded stores in English and Arabic, then plugging into the simple Shipa platform so they can manage first-mile, fulfillment, freight movements, customs clearance and last-mile deliveries.
Henadi Al-Saleh, Agility Chairperson and leader of Agility’s logistics venture strategy, said the partnership would help traditional retailers and others that have seen store traffic, in-person sales and overall revenue plummet as a result of the COVID-19 pandemic.
“E-commerce and logistics have become lifelines to consumers who are confined at home and to businesses that have lost all or part of their in-store revenue,” Al-Saleh said. “We’re seeing a surge in online sales across the region that could signal a permanent shift in the way people buy in the future. Companies must recognize the need to strengthen their online sales through trusted partners who can guide them and help them grow.”
The Agility partner group – Shipa Ecommerce, Shipa Delivery and ExpandCart – can help merchants and social sellers with no technical expertise establish online stores in as little as a couple of hours and choose their own shipping, fulfillment and delivery solutions so they can get up and running right away.
ExpandCart’s six-month free trial allows sellers and merchants to build their websites and online presence with mobile-responsive online templates available in Arabic and English, and a suite of services including: integration with more than 20 payment and shipping options; digital marketing; handling and fulfilment; a point-of-sale system; branded native mobile apps; and after-sale service. The free trial is good for six months for customers who register during June 2020.
Shipa Ecommerce gives online merchants easy access to some of the world’s fastest-growing and most complex e-commerce markets. Shipa Ecommerce offers integrated freight, fulfillment, delivery and returns solutions across the Arabian Gulf, with additional reach into the EU and Africa in the near future. Customers are cross-border retailers based in the US, EU and Asia, as well as regional merchants based in the Middle East. Shipa Ecommerce solutions are underpinned by easy-to-use digital integration: APIs and web interfaces such as checkout integration with customer portals, websites and apps.
Shipa Delivery offers businesses and consumers on-demand same-day, next-day or cross-border delivery across the Arabian Gulf. Intuitive and easy-to-use, the platform is accessible by mobile or directly integrated with its business customers’ systems, and provides solutions to optimize for speed, convenience, and affordability.
Agility has invested more than $100 million in Shipa.com to allow businesses and consumers to manage freight, e-commerce and urban deliveries online. Through the ExpandCart partnership, the company aims to help get more businesses trading online and across borders.
One of six companies positioned to handle movement of assets, personnel
WASHINGTON, DC – May 12, 2020 – Agility Defense & Government Services (DGS) is among the companies chosen for a position on a new U.S. Army contract to manage movement of troops, equipment and related material throughout Europe.
The contract, awarded by the Army’s 21st Theater Sustainment Command based in Kaiserslautern, Germany, takes effect this month and is a three-year, indefinite delivery/indefinite quantity (IDIQ) contract vehicle with a value not to exceed $49 million.
The contract is intended to help meet the requirements of the growing presence of U.S. forces in Europe. U.S. forces and their allies have been conducting an increasing number of joint exercises in Eastern Europe and the Baltics.
Agility DGS is one of six companies positioned to provide transportation services for U.S. Army assets and personnel within the European theater, along with support for unit deployments to Europe from the United States, and returning after deployments.
Agility DGS is currently the sole provider of oversized and overweight cargo transportation (ground) services for the UK Ministry of Defence (MoD) under a heavy haul contract and provides transportation for 8,000 passengers a year on Cyprus under a separate MoD contract.
Separately, Agility DGS this month began work on two UK MoD contracts to manage the sale and disposal of aviation platforms, equipment and spares, and other surplus military equipment and property.
Global Response Aid to manage ‘ethical supply chain’ for governments, medical facilities, NGOs, private companies
DUBAI – May 8, 2020 – Agility, a leading global logistics provider, has launched Global Response Aid (GRA), a Dubai-based company established to procure certified diagnostic, testing and protective products and offer services such as a contact-tracing app and mobile testing used in the detection, treatment and prevention of COVID-19.
GRA works directly with trusted manufacturers around the world to source safe, effective products for governments, health authorities and public institutions; frontline medical facilities such as hospitals and clinics; non-government organizations involved in the COVID-19 fight; and companies looking to safeguard their workers and workplaces.
GRA-sourced products include top-quality ventilators, thermal detection equipment, thermometers, masks, goggles, protective suits, cleaning and sanitation supplies, and new point-of-care test kits that can take pressure off hospital emergency rooms.
A mobile phone app developed by GRA helps stop the spread of the virus through community-driven contact tracing and alerts. The app offers users the ability to record, time stamp, and geo-reference test results.
GRA also is deploying Mobile Diagnostic Testing Vehicles and trained teams that can perform COVID-19 testing safely on site at schools and workplaces.
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