HONG KONG, April 1, 2025 /PRNewswire/ -- Lumary, a leader in sustainable smart home solutions, is excited to announce that its Solar Watering Timer has surpassed its funding goal within just one week of its launch on Kickstarter. The campaign has received enthusiastic feedback, particularly from backers in water-scarce regions where every drop of water is valuable. These customers highlighted the need for a reliable tool to help them create more effective and sustainable irrigation plans for their gardens.
The Lumary Solar Watering Timer is designed to address the challenges faced by gardeners in areas with limited water resources. Equipped with a Hall sensor, the timer monitors the water flow of each zone precisely, ensuring accurate water delivery tailored to the needs of each plant. This innovation not only helps prevent over-watering but also ensures that no water is wasted—delivering the exact amount plants need for healthy growth.
"We've been overwhelmed by the positive response from our backers, many of whom are in regions where water is precious," said a spokesperson for Lumary. "They've expressed how crucial it is for them to use every drop efficiently, and that's exactly why we created this product—to give them more control over their watering systems and contribute to sustainable gardening practices."
To meet the diverse needs of backers, Lumary has expanded the Kickstarter campaign with the addition of soil temperature and humidity sensors. These sensors work seamlessly with the Solar Watering Timer, triggering irrigation based on real-time soil conditions, thus offering an even more precise, data-driven irrigation experience.
Moreover, some backers with limited electrical infrastructure have been exploring innovative solutions using the Lumary Solar Watering Timer. These users are combining the device with their existing solar panels, storage batteries, and on-demand water pumps to build fully solar-powered, off-grid irrigation systems. This setup allows for autonomous, eco-friendly watering without the need for an external power supply, making it ideal for regions where electricity supply is unstable or unavailable.
Availability
The Lumary Solar Watering Timer Kickstarter campaign is still ongoing, with backers enjoying exclusive early-bird discounts and the opportunity to be among the first to receive the product. Interested customers can visit the Kickstarter campaign page for more information and to secure their backing.
About Lumary
Lumary is committed to developing smart, sustainable, and user-friendly home solutions. By combining innovation with automation, Lumary continues to enhance convenience while promoting environmental responsibility.
Contact
Lumary Team
influencer@lumary.tech
https://www.kickstarter.com/projects/lumary/lumary-smart-wi-fi-solar-4-zone-watering-timer?ref=6w6hck
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
Lumary Solar Watering Timer Assists Water-Scarce Regions with More Efficient Irrigation Planning
Martin Sjolund appointed President and Chief Executive Officer, effective June 17, 2025
Vikram Atal to serve as senior advisor through December 31, 2025
NORFOLK, Va., April 8, 2025 /PRNewswire/ -- PRA Group, Inc. (Nasdaq: PRAA), a global leader in acquiring and collecting nonperforming loans, today announced that its Board of Directors has appointed President of PRA Group Europe Martin Sjolund to serve as President and Chief Executive Officer (CEO), effective June 17, 2025. Sjolund succeeds current President and CEO Vikram Atal, who announced that he will retire and serve as a senior advisor through December 31, 2025. Sjolund will be appointed to the Board upon assuming the role of President and CEO, and Atal will retire from the Board at that time.
"On behalf of the Board, I want to thank Vik for his leadership of PRA Group during a pivotal time," said Executive Chair of the Board Steve Fredrickson. "Today's announcement is the culmination of the Board's ongoing succession planning process and commitment to enabling long-term, profitable growth."
"It has been a privilege to lead PRA Group through this transformative time in the company's history," said Atal. "Since March 2023, I have worked closely with Martin, and I am highly confident in his ability to further strengthen our global leadership position. His strong track record in our European business, extensive industry knowledge, thoughtful leadership and commitment to our culture and customers will build on our strengths and create meaningful value for our shareholders in the years to come."
"I am honored to have the opportunity to lead PRA Group as we enter our next phase of growth," said Sjolund. "As a team, we have already achieved record global portfolio purchases and double-digit cash growth, expanded our leadership team, improved operational processes and strengthened our capital structure. These actions have positioned us to continue driving the company forward while delivering value to our shareholders."
About Martin Sjolund
Sjolund has served as President of PRA Group Europe since 2018, providing leadership across 15 markets in Europe, Canada and Australia. During his tenure, Sjolund oversaw nearly $3 billion of successful portfolio investments across Europe, all while significantly improving the profitability of the European business. He led our expansion into two new markets, modernized the IT infrastructure and contact platforms, enhanced the data and analytics function and ultimately created one of Europe's most cost-efficient debt buying platforms.
Before being promoted to his current role, Sjolund served as Chief Operating Officer of Europe from 2015 until 2018. He was previously Director of Group Strategy and Corporate Development (Europe), a position he also held at Aktiv Kapital from 2011 until PRA Group acquired Aktiv Kapital in 2014.
Prior to joining Aktiv Kapital, Sjolund held leadership positions in global technology companies and was a management consultant with McKinsey & Company in Singapore and London. Sjolund holds an MBA from the University of Chicago and is a graduate of Georgetown University.
About PRA Group
As a global leader in acquiring and collecting nonperforming loans, PRA Group, Inc. returns capital to banks and other creditors to help expand financial services for consumers in the Americas, Europe and Australia. With thousands of employees worldwide, PRA Group companies collaborate with customers to help them resolve their debt. For more information, please visit www.pragroup.com.
News Media Contact:
Elizabeth Kersey
Senior Vice President, Communications and Public Policy
(757) 641-0558
Elizabeth.Kersey@PRAGroup.com
Investor Contact:
Najim Mostamand, CFA
Vice President, Investor Relations
(757) 431-7913
IR@PRAGroup.com
** The press release content is from PR Newswire. Bastille Post is not involved in its creation. **
PRA Group Announces Leadership Succession Plan
