Everbridge Partners with COP27 World Climate Summit to Present on the Importance of Investing in Resilience in the Face of Growing Climate Risk
October 17 2022 - 8:30AM
Business Wire
Critical Event Management (CEM) Leader to
Present on the Role of Technology in Helping Governments and
Businesses Create Resilient Organizations to Adapt to Extreme
Climate Events
Everbridge, Inc. (NASDAQ: EVBG), the global leader in critical
event management (CEM) and national public warning software
solutions, today announced its partnership with the COP27 World
Climate Summit – The Investment COP to present on the collaboration
between index-based insurance and Public Safety solutions as
important climate adaptation measures. Everbridge is a leader in
demonstrating the first-of-its-kind benefits of leveraging public
safety technology with insurance offerings to provide a holistic
approach for governments and businesses to address climate risk and
resilience.
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the full release here:
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Everbridge Partners with COP27 World
Climate Summit (Graphic: Business Wire)
“We are honored to partner once again with the World Climate
Summit at such a pivotal moment of ongoing climate challenges,”
said Dave Wagner, CEO of Everbridge. “Everbridge is committed to
acting now in driving the innovation and collaboration – with our
customers, partners, and stakeholders – needed to pursue global
climate goals within our industry and beyond.”
Everbridge will be part of the Investors’ Conference panel
“Mobilising Finance for Adaptation – Harnessing Untapped Potential”
taking place at the Summit on November 13, 2022, at 11:30 (GMT) in
Sharm el-Sheikh, Egypt. Everbridge Senior Vice President for
Business Development, Dominic Jones, will take part in the panel –
moderated by Climate Policy Initiative Global Managing Director
Barbara Buchner – addressing investment-driven solutions to climate
change.
“While Everbridge’s technology helps organizations prepare for
and manage critical events, a major catastrophe requires capital to
fund a comprehensive emergency response,” said Jones. “Index-based
insurance can mobilize that capital quickly and reliably. Bringing
together these two critical components of resilience – public
safety technology and insurance-based capital – can help prevent
the loss of lives and infrastructure by facilitating a faster, more
organized response and shortening the period of time between a
major event occurring and people receiving needed services – thus
expediting the recovery.”
Jones will discuss global examples of the critical advantages of
software for minimizing loss and damage and how technology can
contribute to the adaptation to changing climate trends, including
automating the detection of and response to climate-induced risk;
collecting and communicating risk data; contributing data to
climate models; and generating sustainability reports. By
monitoring a large set of risk parameters, companies can better
anticipate business interruption due to climate change, allowing
them to take timely action with early liquidity financed by
insurance.
Investing in disaster resilience also leads to major savings in
the costs of recovery. Cost-benefit analyses of three case studies
undertaken by Deloitte Access Economics for the Australian Business
Roundtable for Disaster Resilience suggested that every dollar
invested in resilience-building now will save between $3 and $8 for
the future.
Everbridge’s technology supports the United Nation’s Sustainable
Development Goal 13 and 17 by bridging the last mile of the
Hydromet chain for public safety organizations, and supporting
international organizations’ efforts to ensure that ‘by 2025 all
countries have the capability for effective, authoritative
emergency alerting’ as stated in Everbridge’s endorsement of the
IFRC, ITU and WMO’s Call to Action on Emergency Alerting.
About Everbridge
Everbridge, Inc. (NASDAQ: EVBG) is a global software company
that provides enterprise software applications that automate and
accelerate organizations’ operational response to critical events
in order to Keep People Safe and Organizations Running™. During
public safety threats such as active shooter situations, terrorist
attacks or severe weather conditions, as well as critical business
events including IT outages, cyber-attacks, product recalls or
supply-chain interruptions, over 6,300 customers in 76 countries
rely on the Company’s Critical Event Management Platform to quickly
and reliably aggregate and assess threat data, locate people at
risk and responders able to assist, automate the execution of
pre-defined communications processes through the secure delivery to
over 100 different communication modalities, and track progress on
executing response plans. For more information, visit
www.everbridge.com, read the company blog, and follow on Twitter
and Facebook.
Cautionary Language Concerning Forward-Looking
Statements
This press release contains “forward-looking statements” within
the meaning of the “safe harbor” provisions of the Private
Securities Litigation Reform Act of 1995, including but not limited
to, statements regarding the anticipated opportunity and trends for
growth in our critical communications and enterprise safety
applications and our overall business, our market opportunity, our
expectations regarding sales of our products, our goal to maintain
market leadership and extend the markets in which we compete for
customers, and anticipated impact on financial results. These
forward-looking statements are made as of the date of this press
release and were based on current expectations, estimates,
forecasts and projections as well as the beliefs and assumptions of
management. Words such as “expect,” “anticipate,” “should,”
“believe,” “target,” “project,” “goals,” “estimate,” “potential,”
“predict,” “may,” “will,” “could,” “intend,” variations of these
terms or the negative of these terms and similar expressions are
intended to identify these forward-looking statements.
Forward-looking statements are subject to a number of risks and
uncertainties, many of which involve factors or circumstances that
are beyond our control. Our actual results could differ materially
from those stated or implied in forward-looking statements due to a
number of factors, including but not limited to: the ability of our
products and services to perform as intended and meet our
customers’ expectations; our ability to successfully integrate
businesses and assets that we may acquire; our ability to attract
new customers and retain and increase sales to existing customers;
our ability to increase sales of our Mass Notification application
and/or ability to increase sales of our other applications;
developments in the market for targeted and contextually relevant
critical communications or the associated regulatory environment;
our estimates of market opportunity and forecasts of market growth
may prove to be inaccurate; we have not been profitable on a
consistent basis historically and may not achieve or maintain
profitability in the future; the lengthy and unpredictable sales
cycles for new customers; nature of our business exposes us to
inherent liability risks; our ability to attract, integrate and
retain qualified personnel; our ability to maintain successful
relationships with our channel partners and technology partners;
our ability to manage our growth effectively; our ability to
respond to competitive pressures; potential liability related to
privacy and security of personally identifiable information; our
ability to protect our intellectual property rights, and the other
risks detailed in our risk factors discussed in filings with the
U.S. Securities and Exchange Commission (“SEC”), including but not
limited to our Annual Report on Form 10-K for the year ended
December 31 2021 filed with the SEC on February 25, 2022. The
forward-looking statements included in this press release represent
our views as of the date of this press release. We undertake no
intention or obligation to update or revise any forward-looking
statements, whether as a result of new information, future events
or otherwise. These forward-looking statements should not be relied
upon as representing our views as of any date subsequent to the
date of this press release.
All Everbridge products are trademarks of Everbridge, Inc. in
the USA and other countries. All other product or company names
mentioned are the property of their respective owners.
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version on businesswire.com: https://www.businesswire.com/news/home/20221017005552/en/
Everbridge Contacts: Jim Gatta Media Relations
jim.gatta@everbridge.com 215-290-3799
Jeff Young Media Relations jeff.young@everbridge.com
781-859-4116
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