September 19, 2021
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Rekor Systems Announces Selection of Waycare Technologies by Louisiana Department of Transportation and Development for Pilot Program to Reduce State Traffic Congestion and Crashes
California homeless camp fire damages 2 bridges, disrupts public transportation
Austin finishes half of its bicycle network, expects to complete entire 400-mile system by 2025
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Oregon Transportation Commission, wary of I-5 Rose Quarter project’s growing price tag, grants conditional approval
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Latest Post
Rekor Systems Announces Selection of Waycare Technologies by Louisiana Department of Transportation and Development for Pilot Program to Reduce State Traffic Congestion and Crashes California homeless camp fire damages 2 bridges, disrupts public transportation Austin finishes half of its bicycle network, expects to complete entire 400-mile system by 2025 The Top 10 Automotive Concepts that automotive enthusiasts will be itching to see on the road! Oregon Transportation Commission, wary of I-5 Rose Quarter project’s growing price tag, grants conditional approval Woman dies after being hit by car in North Windham Friday night Silk-FAW Continues To Poach Italy’s Automotive Talent, As Lamborghini’s Katia Bassi Joins As Managing Director Transportation Department cracks down on airlines withholding refunds for canceled flights Bear gets trapped in car, destroys interior Cycling apparel company adding full-service bike repair to visitor center
Sep
2021
5

Transportation and Logistics Systems, Inc. Announces Upgrade to OTCQB

Uplisting Highlights Continued Progress of the Company’s Turnaround Plan

JUPITER, FL / ACCESSWIRE /September 1, 2021 / Transportation and Logistics Systems, Inc. (OTC PINK:TLSS)(OTCQB:TLSS), (“TLSS”, or the “Company”), a full-service logistics and transportation provider, today announced that on August 31, 2021 its common stock was approved for quotation on the OTC Markets Group, Inc.’s OTCQB® tier Venture Market (the “OTCQB”) under the symbol “TLSS,” effective as of the open of trading on September 1, 2021.

According to CEO John Mercadante, “Uplisting to the OTCQB is an important milestone for the Company and yet another indication that the restructuring and turnaround plan implemented in 2020 has the Company headed in the right direction. We believe that the broader exposure generally afforded by the OTCQB has the potential to increase our visibility within the investment community and assist in broadening our stockholder base.”

The OTCQB is the middle tier of the over-the-counter market for US stocks and is designed for early-stage and developing companies located both in the United States and abroad. To be eligible for quotation on the OTCQB, companies must be current in their reporting, undergo an annual verification and management certification process and meet other requirements. The OTCQB is recognized by the Securities and Exchange Commission as an established public market and provides current public information to investors that need to analyze, value, and trade securities.

About Transportation and Logistics Systems, Inc.

TLSS, through its wholly-owned operating subsidiaries, Shyp FX, Inc. and Cougar Express, Inc., operates as a full-service logistics and transportation company.

For more information, visit the Company’s website, http://www.tlss-inc.com/.

Forward-Looking Statements

Statements in this press release regarding the Company that are not historical facts are forward-looking statements and are subject to risks and uncertainties that could cause actual future events or results to differ materially from such statements. Any such forward-looking statements, including, but not limited to, financial guidance, are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that do not directly or exclusively relate to historical facts. In some cases, you can identify forward-looking statements by terms such as “may,” “will,” “should,” “could,” “would,” “expects,” “plans,” “anticipates,” “intend,” “plan,” “goal,” “seek,” “strategy,” “future,” “likely,” “believes,” “estimates,” “projects,” “forecasts,” “predicts,” “potential,” or the negative of those terms, and similar expressions and comparable terminology. These include, but are not limited to, statements relating to future events or our future financial and operating results, plans, objectives, expectations and intentions. Although we believe that the expectations reflected in these forward-looking statements are reasonable, these expectations may not be achieved. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they represent our intentions, plans, expectations, assumptions and beliefs about future events and are subject to known and unknown risks, uncertainties and other factors outside of our control that could cause our actual results, performance or achievement to differ materially from those expressed or implied by these forward-looking statements. In addition to the

May
2020
9

New Goulburn battery beats grid upgrade for electric vehicle ultra rapid charging

Australian fast charging company ChargeFox has installed a sizeable battery installation in Goulburn to support its new ultra-rapid electric vehicle charger, as well as earning income from providing frequency services to the grid, and saving money by avoiding a grid upgrade.

The 250kW/273kWh battery, using LG-Chem cells and Vacon inverters, has been designed and installed by PowerTec, and is the second time that ChargeFox has chosen a battery as a cheaper alternative to upgrading the permanent power supply at a charging site.

“In Goulburn we have a 180kW connection to the grid, which powers about 30kW of constant load at the service station, leaving 150kW for the chargers. We’ve installed 750kW of Tritium chargers there, with about 50kW of solar coming,” says Evan Beaver, head of charging at ChargeFox.

“The battery is 250kW/273kWh, and monitors the grid supply, the petrol station load and the charger demand and lops the demand peaks. Using the battery in this primary function is cost effective against a 500kW grid connection upgrade and worth doing on its own. Adding solar to this mix lowers the cost of charging the battery.”

Beaver says the battery can operate for about one hour at full power, but has the ability to change power quickly and respond automatically to grid disturbances, That makes it perfect for the FCAS market, which it will offer as a secondary function.

“So using  a battery in Goulburn has reduced our installation costs, reduced charging site electrical costs, increased the use of renewables and improved grid stability,” Beaver says. “The costs are a touch high to use them everywhere right now, but I can see batteries getting used in this way more and more in coming years.”

PowerTec managing director Michael Reiner Jansen said in a LinkedIn post that the battery primarily serves as an EV charging buffer, allowing for ultra-fast charging despit the weak grid connection, FCAS services, and back-up power for the site. 

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