BOSTON, Jan. 13, 2022 /PRNewswire/ -- The Tomorrow
Companies Inc. ("Tomorrow.io"), developer of a leading platform for
global weather and climate security, today released a new case
study with intermodal and logistics leader ITS ConGlobal to
highlight how supply chain leaders are using weather intelligence
to prepare for and mitigate the impact of weather.
In December, Tomorrow.io announced plans to list on Nasdaq
through a merger with Pine Technology Acquisition Corp. ("Pine
Technology") (Nasdaq: PTOC, PTOCW, PTOCU). Upon closing of the
transaction, Tomorrow.io's common stock and warrants are expected
to trade on Nasdaq under the new ticker symbols "TMW" and
"TMWW".
ITS ConGlobal ("ITSC") is North
America's largest integrated intermodal services company
providing essential services to customers across the supply chain
including container and automotive operations, railcar switching,
equipment maintenance and repairs, equipment storage, and container
and parts sales, among others. The company has 127 locations and
4,000 employees throughout the U.S., Mexico and Costa
Rica. Each year, the company is responsible for roughly 8.5
million lifts and 2,000,000 vehicles on an annual basis.
As weather has had an immense impact on the global supply chain
over the past 24 months with major incidents such as the Suez
Canal, ITS ConGlobal has focused on implementing and scaling the
use of Tomorrow.io as the centralized platform allowing the company
to program protocols for severe weather and understand the
implications of weather at a more precise level.
ITS ConGlobal has operational planning calls every day to ensure
their workforce is protected and understands the exposure they will
have in their shift work. By leveraging Tomorrow.io's weather and
climate security platform, ITS ConGlobal has enabled weather
intelligence throughout its workforce planning and service planning
protocols, and codified them into their existing systems.
With Tomorrow.io's predictive and actionable insights integrated
directly into its internal dashboards, ITS ConGlobal is able to
understand weather impact in a centralized way that is
transferrable from site to site, business unit to business unit and
territory to territory.
While it's a certainty that there will continue to be unexpected
weather disruptions, we expect that there will be less tolerance in
the logistics industry for delays and service failures due to
weather, especially as industry leaders show their ability to
significantly improve the status quo by leveraging Tomorrow.io's
platform.
About Tomorrow.io
Tomorrow.io is The World's Weather and Climate Security
Platform, helping countries, businesses, and individuals manage
their weather and climate security challenges. Fully customizable
to any industry impacted by the weather, customers around the world
including Uber, Delta, Ford, National Grid, and more use
Tomorrow.io to dramatically improve operational efficiency.
Tomorrow.io was built from the ground up to help teams prepare for
the business impact of weather by automating decision-making and
enabling climate adaptation at scale.
About Pine Technology Acquisition Corp.:
Pine Technology Acquisition Corp. is a special purpose
acquisition company (SPAC) formed for the purpose of targeting one
or more businesses for its initial business combination. Pine
Technology is led by CEO and Director Christopher Longo, the Founder and CEO of
tech-focused commercial insurance managing general agent and
brokerage, Novum Underwriting Partners, and the former CIO and COO
of AmTrust Financial Services, Inc. (AmTrust) and non-Executive
Chairman Adam Karkowsky, who
currently serves as the President of AmTrust. Pine Technology
Acquisition Corp. was founded in December
2020 and its Units, Class A common stock and warrants are
listed on the Nasdaq under the symbols PTOCU, PTOC, and PTOCW,
respectively.
Forward-Looking Statements
This press release
includes, and oral statement made from time to time by
representatives of Pine Technology and Tomorrow.io may contain,
statements that are not historical facts but are forward looking
statements for purposes of the safe harbor provisions under
applicable securities laws, including the United States Private
Securities Litigation Reform Act of 1995. Forward-looking
statements generally are accompanied by words such as "believe,"
"may," "could," "will," "estimate," "continue," "anticipate,"
"intend," "target," "goal," "expect," "should," "would," "plan,"
"predict," "project," "forecast," "potential," "seem," "seek,"
"future," "outlook," and similar expressions that predict or
indicate future events or trends or that are not statements of
historical matters. These forward-looking statements include, but
are not limited to, statements regarding the ability of
Tomorrow.io's platform and services to improve a customer's
operations and the associated benefits of using its platform and
the closing of the business combination and listing of
Tomorrow.io's securities on Nasdaq. Forward-looking statements are
predictions, projections and other statements about future events
that are based on current expectations and assumptions and, as a
result, are subject to risks and uncertainties. You should
carefully consider the risks and uncertainties described in the
registration statement on Form S-4, including Pine Technology's
prospectus and proxy statement (the "Proxy Statement/Prospectus"),
filed by Pine Technology with the Securities and Exchange
Commission (the "SEC") under the heading "Risk Factors" and other
documents of Pine Technology filed, or to be filed, with the SEC.
There may be additional risks that Pine Technology and Tomorrow.io
presently do not know or that they currently believe are immaterial
that could also cause actual results to differ from those contained
in the forward-looking statements. In addition, forward-looking
statements reflect Pine Technology's and Tomorrow.io's
expectations, plans or forecasts of future events and views as of
the date of this press release. Pine Technology and
Tomorrow.io anticipate that subsequent events and developments will
cause their assessments to change. However, while Pine Technology
and Tomorrow.io may elect to update these forward-looking
statements at some point in the future, Pine Technology and
Tomorrow.io specifically disclaim any obligation to do so. These
forward-looking statements should not be relied upon as
representing Pine Technology's and Tomorrow.io's assessments as of
any date subsequent to the date of this press release. Accordingly,
undue reliance should not be placed upon the forward-looking
statements.
Additional Information and Where to Find It
This
press release is not a proxy statement or solicitation of a proxy,
consent or authorization with respect to any securities or in
respect of the transaction and does not constitute an offer to
sell, buy or exchange or the solicitation of an offer to sell, buy
or exchange any securities or the solicitation of any vote or
approval in any jurisdiction, nor shall there be any sale,
purchase, or exchange of securities or solicitation of any vote or
approval in any jurisdiction in contravention of applicable
law.
In connection with the proposed transaction between Pine
Technology and Tomorrow.io, Pine Technology has filed the
preliminary Proxy Statement/Prospectus. Pine Technology plans to
mail the definitive Proxy Statement/Prospectus to its stockholders
in connection with the transaction once available. INVESTORS AND
SECURITYHOLDERS OF PINE TECHNOLOGY ARE URGED TO READ THE PROXY
STATEMENT/PROSPECTUS AND OTHER RELEVANT DOCUMENTS FILED OR TO BE
FILED WITH THE SEC CAREFULLY WHEN THEY BECOME AVAILABLE BECAUSE
THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT PINE TECHNOLOGY,
TOMORROW.IO, THE TRANSACTION AND RELATED MATTERS. Investors and
security holders will be able to obtain free copies of the Proxy
Statement/Prospectus (when available) and other documents filed
with the SEC by Pine Technology through the website maintained by
the SEC at www.sec.gov. In addition, investors and security holders
will be able to obtain free copies of the documents filed with the
SEC by contacting Pine Technology or Tomorrow.io using the contact
information below.
Participants in the Solicitation
Pine Technology,
Tomorrow.io and certain of their respective directors, executive
officers and employees may be considered to be participants in the
solicitation of proxies in connection with the transaction.
Information regarding the persons who may, under the rules of the
SEC, be deemed participants in the solicitation of the stockholders
of Pine Technology in connection with the transaction, including a
description of their respective direct or indirect interests, by
security holdings or otherwise, will be included in the Proxy
Statement/Prospectus described above when it is filed with the SEC.
Additional information regarding Pine Technology's directors and
executive officers can also be found in the Pine Technology Final
Prospectus. These documents are available free of charge as
described above.
Media
Tomorrow.io
Media@tomorrow.io
ICR Inc
TomorrowPR@icrinc.com
Investors
ICR Inc
TomorrowIR@icrinc.com
View original content to download
multimedia:https://www.prnewswire.com/news-releases/tomorrowio-provides-logistics-leader-its-conglobal-with-centralized-platform-to-mitigate-weather-disruptions-301460428.html
SOURCE Tomorrow.io