VANCOUVER, BC, April 23,
2024 /CNW/ - Copperleaf® Technologies
Inc. (TSX: CPLF) ("Copperleaf" or the "Company") announces the
selection of its decision analytics solution by Vancouver International Airport (YVR). As
Canada's second largest airport
and winner of the Skytrax award for Best Airport in North America in 2024, YVR connects 24.9
million passengers and more than 315,000 tonnes of cargo annually
to destinations around the world. The airport terminal is B.C.'s
largest building with infrastructure that extends to the airfield
and surrounding commercial facilities.
To support its near- and long-term strategic objectives, YVR
recognized an opportunity to improve its capital investment
planning process. Through a more consistent and transparent capital
evaluation, prioritization, and planning process, YVR will better
understand where, when, and what to invest in to mitigate risk and
achieve its strategic goals in the most cost-effective manner. A
key component of YVR's Strategic Plan is related to asset
management—ensuring assets are in a state of good repair, improving
the resilience of infrastructure, and maximizing the value of
investments.
YVR selected Copperleaf Portfolio™ to support this
mandate and enable the organization to develop investment plans
that optimize resources, mitigate risk, and meet strategic
objectives and stakeholder expectations.
"We continually look to leverage new and innovative ways to
strengthen our role as a diverse global hub while aligning YVR to
the future growth and needs of British
Columbia," said Tamara
Vrooman, President & CEO at YVR. "This includes creating
investment plans for our airport infrastructure and land assets
that reduce risk, while providing the highest value from our
infrastructure renewal funding. I am confident our team will
benefit from Copperleaf's dynamic solution and look forward to our
work together."
The implementation of Copperleaf Portfolio will provide
YVR with the ability to:
- capture and manage all candidate investments in a single,
centralized system for greater efficiency and streamlined
approvals
- identify, capture, and measure risk and how risk changes over
time
- compare and communicate the value and strategic alignment of
investments
- build robust, defensible plans that maximize return on invested
capital
"We're thrilled to partner with YVR, a world-class international
hub airport which is such an important part of the economic growth
story here in British Columbia,"
said Paul Sakrzewski, CEO of Copperleaf. "Copperleaf is looking
forward to working with YVR to clearly link their ambitious
strategic outcomes with capital and resource allocation, and
achieve an optimal balance between costs, risks, level of service,
and sustainability. A huge thank you to Tamara and the YVR team for
putting their trust in Copperleaf. We are proud to welcome them as
our first airport client in our growing global community."
Forward-Looking
Statements
This press release contains "forward-looking information" and
"forward-looking statements" (collectively, "forward-looking
information") within the meaning of applicable securities laws in
Canada, including, without
limitation, statements with respect to our expectations, plans or
future opportunities and all statements expressed in the future
tense. Forward-looking information is necessarily based on a number
of opinions, estimates and assumptions that we consider appropriate
and reasonable on the date such statements are made, but which are
subject to known and unknown risks, uncertainties, assumptions and
other factors that may cause actual results, level of activity,
performance or achievements to be materially different from those
expressed or implied by such forward-looking information,
including, but not limited to, the risk factors described in our
2024 Annual Information Form ("AIF") under "Risk Factors".
Accordingly, readers should not place undue reliance on
forward-looking information.
Except as required by securities disclosure laws and regulations
applicable to the Company, the Company undertakes no obligation to
update this forward-looking information if the Company's
expectations regarding future events change, or actual results
differ from the expectations expressed in this press release.
About Copperleaf
Copperleaf (TSX:CPLF) provides enterprise decision analytics
software solutions to companies managing critical infrastructure.
We leverage operational and financial data to empower our clients
to make investment decisions that deliver the highest business
value. What sets us apart is our industry-leading products and our
commitment to providing extraordinary experiences, shaped by people
who care deeply and partnerships that stand the test of time.
Copperleaf is actively involved in shaping and implementing global
industry standards and sustainability principles through our
participation in the United Nations Global Compact, the Institute
of Asset Management, and other organizations. Headquartered in
Vancouver, Canada, our solutions
are distributed and supported by regional staff and partners
worldwide. Together, we are transforming how the world sees
value.
CPLF-IR
SOURCE Copperleaf Technologies Inc.