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Pine Technology Acquisition Corp. (Nasdaq: PTOC, PTOCW, PTOCU) announced on March 7, 2022, the termination of its business combination agreement with Tomorrow.io due to unfavorable market conditions. This decision follows their earlier announcement of a merger plan. Pine Technology is focused on pursuing other potential business combination targets in the InsurTech sector. A detailed update regarding the termination will be available in a forthcoming Current Report on Form 8-K filed with the SEC.
Tomorrow.io has entered into a Cooperative Research and Development Agreement (CRADA) with NOAA to analyze data from its upcoming weather satellites, enhancing NOAA forecasts and weather models. The first satellites are set to launch in late 2022, with a complete constellation expected by 2024. This partnership supports Tomorrow.io's Earth Science Research Collaborative, which aims to improve meteorological data applications. Following its merger with Pine Technology Acquisition Corp., Tomorrow.io will trade under the ticker 'TMW' on Nasdaq.
Tomorrow.io has announced the appointment of Rear Admiral Timothy Gallaudet, Ph.D., and Dr. J. Marshall Shepherd to its advisory board. Gallaudet has extensive experience in weather and climate, formerly serving as NOAA's Acting Administrator, while Shepherd is a prominent academic in atmospheric sciences. This strategic move follows Tomorrow.io's plan to go public via a merger with Pine Technology Acquisition Corp., where the new ticker symbols will be 'TMW' and 'TMWW'. Their expertise is expected to enhance Tomorrow.io's weather intelligence and satellite technologies.
Tomorrow.io, a leader in weather and climate security, has partnered with Big Sky, a top weather app on Amazon's Alexa, to provide enhanced weather data. Big Sky, known for its custom alerts and live radar, will now utilize Tomorrow.io's services, aiming to improve user experience with actionable weather insights. Additionally, Tomorrow.io is preparing for its Nasdaq listing through a merger with Pine Technology Acquisition Corp. (PTOC, PTOCU), expected to enhance its market presence.
Tomorrow.io reported a remarkable 150% increase in sales, reaching $19 million in 2021 compared to $7.4 million in 2020, while expanding its client roster by over 80%. The company plans to go public through a merger with Pine Technology Acquisition Corp. (PTOC, PTOCU), backed by significant investments including $77 million raised in Series D funding. Notable contracts include a $19.3 million deal with the U.S. Air Force for satellite deployment. The merger aims to enhance Tomorrow.io's market position in weather and climate solutions.
Tomorrow.io has been awarded a $19.3 million contract from the U.S. Air Force to develop a satellite constellation for three-dimensional global weather data. This initiative aims to enhance mission planning and operational execution for air and ground operations by improving weather awareness. The contract is part of the AFVentures Strategic Funding Increase program, with the satellite launch expected in late 2022. The company is also preparing to list on Nasdaq through a merger with Pine Technology Acquisition Corp. (PTOC, PTOCU), expected to trade under the new ticker symbols TMW and TMWW.
Tomorrow.io announced the addition of former NASA astronauts Dr. Kathryn Sullivan and Steve Smith to its advisory board. Dr. Sullivan, formerly of NOAA and a Biden appointee, and Mr. Smith, former Deputy Chief of the NASA Astronaut Corps, are expected to enhance Tomorrow.io's strategic direction, including the launch of radar-equipped satellites. The company's merger with Pine Technology Acquisition Corp. aims to list on Nasdaq under new symbols 'TMW' and 'TMWW'. This leadership change is anticipated to strengthen Tomorrow.io's capabilities in weather and climate security.
Tomorrow.io, a prominent developer of weather and climate security platforms, released a new case study with ITS ConGlobal, North America's largest intermodal services company. The partnership showcases how ITS ConGlobal utilizes Tomorrow.io's weather intelligence to enhance supply chain operations and mitigate weather-related disruptions. Following its planned merger with Pine Technology Acquisition Corp. (Nasdaq: PTOC, PTOCU), Tomorrow.io aims to improve operational efficiency across various sectors. The merger is set to allow Tomorrow.io's stock to trade under the ticker symbols 'TMW' and 'TMWW' on Nasdaq.
Tomorrow.io, a leader in weather and climate security, announced plans for a Nasdaq listing via a merger with Pine Technology Acquisition Corp (PTOC, PTOCU). The transaction is expected to close in late 2022, with Tomorrow.io's common stock trading under the ticker 'TMW'. A recent webinar highlighted the significance of Tomorrow.io's upcoming radar-equipped satellite constellation aimed at improving global weather forecasts. In addition, Tomorrow.io secured a $19.3 million contract with the U.S. Air Force to deploy its first satellites, enhancing global precipitation monitoring and addressing gaps in weather data.
