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Wormhole Labs emerges from stealth to accelerate innovation on Wormhole

Wormhole Foundation

Wormhole Labs, a technology company founded by former senior operators at Jump Trading, announced its launch today after a period of stealth to accelerate innovation on the Wormhole network, the world’s first interoperability protocol. Since its launch in 2021 as the world’s first generic messaging protocol, the Wormhole network has become mission-critical infrastructure for the biggest blockchains and currently supports hundreds of projects sending more than 2 million messages every day. In total, the network has facilitated the transfer of over $35 billion in value and has processed close to a billion messages. Wormhole’s technology has been adopted by the teams building industry leading protocols like Uniswap, Synthetix, Lido, Pyth, Threshold, and many more. Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to help grow the Wormhole network, as well as the broader cross-chain ecosystem. Operating independently provides the Wormhole Labs team an opportunity to double down and accelerate innovation on a widely-adopted project serving a critical need in crypto. “Like a lot of good ideas, when Wormhole was first launched in 2021, the concept of interoperability across blockchains was seen as premature,” said Saeed Badreg Co-Founder and CEO of Wormhole Labs. “Fast forward to today, and we’ve seen Wormhole’s uptake outstrip even our most ambitious targets.” "Like countries facilitating commerce across borders, each blockchain is its own economy needing easy trade to grow. At Wormhole Labs, we specialize in building the tools and infrastructure that make connecting across these digital borders seamless." Wormhole Labs has welcomed aboard 15 former engineers and product managers from Jump Trading Group. These professionals, who had already been contributing to the project during their tenure at Jump, bring a wealth of expertise and insight to the company. Helping co-found Wormhole Labs is the former founding PM of Stripe Crypto, Aakash Thumaty, “While I was at Stripe, we talked about our mission to increase the GDP of the internet. At Wormhole Labs, we’re fundamentally solving the same problem - building a developer platform that makes building in crypto more accessible and commercially viable.” “Wormhole has been a critical piece of infrastructure and gateway to the Solana network since 2021, enabling developers to easily onboard users to Solana,” said Anatoly Yakovenko, the co-founder of Solana. “ I’m excited that the exceptional engineering team at Wormhole Labs will bring even more development focus to Wormhole. I’m excited to see what Wormhole will build next." "I'm very excited about Synthetix and Wormhole Labs codeveloping core infrastructure for upcoming versions of Synthetix." – Kain Warrick Founder of Synthetix Protocol "Having known the team at Wormhole Labs for many years, we're thrilled to see such a talented group take this big step in the benefit of the project. Wormhole has always been critical infrastructure and we at Backpack are excited to co-build an interoperable future together.” – Armani Ferrante Cofounder and CEO of Backpack About Wormhole Labs Wormhole Labs is a technology company that specializes in building products, tools, and reference implementations to expand the cross-chain ecosystem. We’re committed to open-source development and laying down the paths for a connected decentralized world. About Wormhole The Wormhole Network is the industry’s first interoperability protocol. Since its launch in 2021, it has supported hundreds of projects across 30+ networks, facilitated the transfer of over $30+ billion in value, and has processed close to a billion messages. Wormhole’s technology has been adopted by industry leading companies like Uniswap, Synthetix, Lido, Pyth, Threshold, and many more.Do you want to be the First to Know? Subscribe to the Wormhole newsletter and get the latest news even before they hit Twitter.To learn more about Wormhole, visit wormhole.com, or chat with us on Discord. Do you want to be the First to Know? Subscribe to the Wormhole newsletter and get the latest news even before they hit Twitter.To learn more about Wormhole, visit wormhole.com, or chat with us on Discord. Contact Details Wahaj Khan wahaj@dittopr.co Company Website https://wormhole.com

November 29, 2023 09:00 AM Eastern Standard Time

News Release

Evaluating Ethereum Classic's (ETC) Position as Experts Highlight an Emerging Cryptocurrency

Blockchain Digest

Ethereum Classic (ETC) is slowly losing relevance because of its slow growth pace. However, Ethereum Classic recently addressed the concerns in a recent blog post. Meanwhile, a new meme coin has emerged as the top ICO, as experts predict a stunning 150% price growth for the new player. Summary Ethereum Classic (ETC) aims for the $30 price mark as optimism around a spot Ethereum ETF approval grows. Experts have highlighted a new emerging crypto coin among new ICOs, forecasting a 150% price growth. Let’s explore more about these top crypto coins and find out why the new coin might be the best crypto to invest in! Ethereum Classic Addresses Community Concerns in Recent Blog Post In a bid to address growing concerns within its community, Ethereum Classic’s X account shared a link to a crucial blog post on November 14, 2023. The post was a response to criticism stemming from an earlier article in April that likened Ethereum Classic to an Oak Tree, emphasizing slow and steady growth over explosive but risky development. The Oak Tree analogy was met with skepticism and critique from the community, particularly for lacking a roadmap compared to other top altcoins. Ethereum Classic emphasized that the intentional slow-and-steady approach is the roadmap, as outlined in the Oak Tree analogy. The idea is that a cautious and considered pace reduces unnecessary risks in an already volatile cryptocurrency environment. Despite this response, the market did not react with a surge in the price of ETC. The ETC price dropped by 6.9% from $20.15 on November 14 to $18.74 as of November 23. The ETC price dip following the blog post indicates that the clarification may not have fully reassured investors or addressed their concerns. Looking into the future, experts predict a varied outlook for ETC in 2024. Bullish forecasts suggest that if Ethereum Classic introduces exciting developments and gains approval for Ethereum ETFs by the SEC, the price could surpass the $30 mark, reaching $30.93. However, a more conservative forecast hints at a potential restriction, with the price stabilizing around $22.41 in 2024. This scenario could unfold if the overall market sentiment turns bearish and Ethereum Classic struggles to maintain relevance. Experts Term Rebel Satoshi The Best ICO for 150% Profit Prospects Experts in the crypto landscape offer suggestions on the best crypto investment opportunity as the market approaches a major bull run. One of the new ICOs that the experts have termed the top ICO is Rebel Satoshi (RBLZ). While evaluating Ethereum Classic's position, experts are drawing attention to the rise of $RBLZ, signaling a shift in investor sentiment and an appetite for something new. In the spirit of unity and defiance, Rebel Satoshi invites investors to join a community-driven movement that aims to awaken the silent majority and usher in a thrilling new era of decentralization. Experts are taking notice of this unique narrative, positioning $RBLZ as the best ICO with the potential for significant gains. The native token of the Rebel Satoshi platform, $RBLZ, offers exciting perks like an opportunity to participate in quests, claim rewards, and engage with a passionate community of rebellions seeking to challenge the status quo. Rebel Satoshi is now in the Early Bid Round of its public presale at $0.010 per $RBLZ. What’s exciting is that $RBLZ is poised to surge by a stunning 29% to reach $0.013 in its next round. Moreover, experts predict that Rebel Satoshi will surge by a staggering 150% to reach $0.025 by the end of its public presale. The experts' consensus is clear: Rebel Satoshi is positioned as the best ICO for those seeking significant profit prospects, making $RBLZ one of the top altcoins to watch in the evolving landscape. For the latest updates and more information, be sure to visit the official Rebel Satoshi Presale Website or contact Rebel Red via Telegram Contact Details Rebel Red marketing@rebelsatoshi.com

November 29, 2023 08:00 AM Eastern Standard Time

ACD/Labs Announces Automation Software to Fast-track Digitalization and AI-Readiness of R&D Laboratories

ACD/Labs

To support ongoing digital transformation in life sciences and chemistry-driven organizations, ACD/Labs has introduced Spectrus Conduit —the first out-of-the-box, low-code/no-code application that connects, designs, and manages automated dataflows from analytical instruments and other data sources. Spectrus Conduit creates standardized, harmonized digital twins of the R&D laboratory, improves collaboration, and supports downstream AI/ML applications. ACD/Labs also announced the expansion of their browser-based Spectrus JS portfolio to proliferate access to cloud-based analytical data management. At BioIT World Europe, ACD/Labs, an informatics company that develops and commercializes software in support of R&D, today announced new applications that will help organizations: Implement automated, extensible analytical data flows from over 150 natively supported instrument formats (NMR, LC/MS, IR, etc.) and other laboratory data sources for improved collaboration and data aggregation. Apply digital chemical intelligence, spectral prediction, and contextual science-based data assembly to produce digital twins of analyses, reducing time-to-market decisions. Facilitate digital knowledge proliferation and accessibility while assuring FAIR and ALCOA+ principles. Accelerate machine learning and data science utilization by simplifying data engineering. ACD/Labs’ Spectrus Platform has helped organizations address their analytical data accessibility challenges for almost thirty years. Decades-long vendor partnerships equip Spectrus Platform users with technique-agnostic, commercial, off-the-shelf support for all major instrument vendor formats. Spectrus offers organizations technologies to support digital transformation (Dx) initiatives—especially those that account for automated data capture, interpretation, and storage of data, with ACD/Labs’ specialty being instrumental analytical chemistry. Recent Spectrus Platform development efforts have focused on the release of an off-the-shelf, low-code/no-code application for the design and management of workflow automation (Spectrus Conduit). In addition, ACD/Labs has continued migrating the capabilities scientists have relied on for decades to browser-based applications. Software in the Spectrus JS family provides on-demand data processing and the facile distribution of data marshaling and management to improve data accessibility. Vice President of Innovation and Informatics Strategy at ACD/Labs, Andrew Anderson, says, “We want to help organizations control the flow of their own instrument-generated data but with the flexibility to adapt such controls without relying on extensive configuration and customization services. Commercial, off-the-shelf capabilities now provided by the Spectrus Platform empower organizations to automate the marshaling, processing, analysis, and proliferation of datasets emanating from their instrument data sources. The application of Spectrus analysis capabilities results in digitally contextualized experimental datasets—digital twins—all without unnecessary manual intervention. Spectrus Conduit not only supports facile, automated, data-driven decision-making for scientists, it also reduces the cost and effort of data science practices. Automated, cross-technique-enabled data science is a significant challenge for the analytical data space today.” “We are building on our legacy of informatics tools to help better address the needs of the scientific community—now and for the digital future,” Anderson continues. “With the introduction of Conduit for automating analytical and instrument workflows, and by continuing the expansion of our browser based Spectrus JS portfolio, we help alleviate software maintenance and support burden on IT teams. We also ensure that your data is not locked into our environment by providing multiple options for export, including JSON export—a necessity when you want to leverage your data for machine learning or AI projects.” To learn more about Spectrus Conduit, Spectrus JS applications, or the Spectrus Platform, visit ACD/Labs at Booth #13 at BioIT World Europe or www.acdlabs.com. About ACD/Labs ACD/Labs is a leading provider of scientific software for R&D. We help customers in >94 countries around the world assemble digitized analytical, structural, and molecular information for effective decision-making, problem solving, and product lifecycle control. Our enterprise technologies enable automation of molecular characterization and facilitate chemically intelligent knowledge management. ACD/Labs provides worldwide sales and support and brings decades of experience and success helping organizations innovate and create efficiencies in their workflows. For more information, please visit www.acdlabs.com. Follow us on Twitter and LinkedIn. Contact Details ACD/Labs Sanji Bhal +1 416-368-3435 media@acdlabs.com Racepoint Global Allison Matthews +1 617-624-3248 rpgacdlabs@racepointglobal.com Company Website https://www.acdlabs.com/

November 29, 2023 04:00 AM Eastern Standard Time

News Release

Ripple Partners with Onafariq, Solana News Suggests Everlodge Price Could Rally

Total Media

Africa is one of the most populous continents in the world, with around 50 countries and a population of 1.4 billion. But it lags behind in terms of financial inclusion which is why many Web3 entities such as Ripple, EMURGO’s Cardano, Solana, and Everlodge are trying to integrate crypto and fintech in Africa. Ripple is Accelerating Cross-Border Payments in Africa One of the most tricky things for African business ventures is sending payments, particularly across countries. That’s why Cardano recently had a Web3 summit about Africa, and Emurgo and Cardano set up the African Web3 social network/news site Nodo. Ripple also sees the importance and potential for Africa with crypto, and that’s no doubt behind their latest alliance. "Sub-Saharan Africa has proven to be a bright spot of crypto adoption, with consumers in countries like Nigeria, Kenya, and South Africa employing digital assets for real-world, day-to-day purposes," said Ripple’s Aaron Sears. The partnership between Ripple and leading African payments fintech Onafriq aims to promote financial inclusion by enabling efficient remittances into Africa. Onafriq, formerly known as MFS Africa, will connect companies PayAngel, Pyypl and Zazi Transfer to its network that extends across 40 countries and 500 million mobile wallets. Ripple’s overarching aim is to revolutionize global payments through blockchain technology. Collaborating with Onafriq represents another step towards bringing the benefits of faster, cheaper payments to African communities. Solana’s Superteam is Connecting African Talent with Web3 From Solana’s perspective, as well as the many other blockchains like Ripple, as we have seen, Web3 promises greater financial inclusion, entrepreneurial opportunities, and youth empowerment. That’s why they’ve created the Solana Superteam. Through bounties, grants, jobs, events, and education, Superteam wants to empower African talents to learn, earn, and connect across Solana’s ecosystem. Solana Superteam makes it easier for people to access remote work and the gig economy - which is on the rise in Africa. Contributors earn crypto rewards matched to their skills while grants will fund entrepreneurial visions to build homegrown solutions on Solana. By joining the Solana Superteam chapter in Nigeria, African workers gain resources and exposure to help them thrive in Web3. Everlodge Helps Emerging Economies to Gain Access to Financial Investment Everlodge is another project that recognizes the importance of Web3 and financial inclusion. While Ripple focuses on payments and Solana on talent and building, Everlodge has property investment in its sights. Everlodge describes itself as “where Airbnb meets web3” and is building a network of vacation property rentals. These properties will be tokenized on the blockchain, fractionalized, and offered to investors for as little as $100. Background checks, credit checks, red tape, and geographic restrictions are no longer a problem, and neither is not having the capital to become a part of the rental market. With Everlodge, investors from around the world including Africa, will be able to add properties that generate rental income to their portfolios. The Everlodge token - ELDG - underlies the ecosystem, and grants access to special bonuses like vacation stays which can be enjoyed by holders, or rented out for extra income. ELDG is in presale at $0.025 and will launch at a 50% gain from the current price, upon which analysts are forecasting a possible 30x rally on the day. Given the bullish approach to Africa from Ripple, EMURGO, Solana, and more, this small-cap token is certainly one to watch. Visit Everlodge Contact Details Everlodge PR Team media@everlodge.io

November 28, 2023 04:08 PM Eastern Standard Time

News Release

Will The Solana Price Hit $80? Polygon (MATIC) Looks Undervalued

Total Media

In the ever-evolving world of cryptocurrencies, the spotlight often shifts between different tokens, each promising potential gains and exciting developments. Two such tokens currently in the limelight are Solana (SOL) and Polygon (MATIC). This article provides an in-depth look at Solana's recent price surge and whether it could reach the much-anticipated $80 mark, followed by an analysis of Polygon's current valuation and its growth potential. Solana's Impressive Rally: A Detailed Look Solana, known for its fast transaction speeds and scalability, has recently witnessed a remarkable surge in the market, making it a topic of keen interest among investors. In the last 30 days, Solana's price spiked nearly 30%, climbing from $25 to around $43, signaling a robust recovery mode driven by heavy buying pressure. Crypto analyst Pentoshi, with a significant following on Twitter, has been optimistic about Solana’s trajectory. After accurately predicting Solana's rise to $42, Pentoshi suggested the potential for "turbo pumps" this month, which could push the token's value to new highs, possibly reaching $58 to $60. Furthermore, he speculated on the chances of Solana even hitting the $80 mark during this surge. The recent performance of Solana corroborates this bullish sentiment. The decentralized exchange (DEX) volume on Solana's platform soared to a yearly peak of $466 million on November 11. Additionally, the total value locked (TVL) in Solana rose by a staggering 81% over the last month. The week preceding this saw trades worth $2.25 billion on Solana, marking a nearly 60% increase. Polygon (MATIC) - How Undervalued is it? Turning our focus to Polygon (MATIC), this token has also shown significant upward momentum. The price of MATIC has risen over 15%, trading near $0.85, with bulls eyeing a move toward the $1 level. This surge is backed by a strong increase above the $0.75 resistance against the US dollar, trading above the 100 simple moving average (4 hours). Additionally, there's a key bullish trend line forming with support near $0.775 on the 4-hour chart of the MATIC/USD pair. If Polygon clears the $0.850 and $0.880 resistance levels, the rise could continue further. After forming a base above the $0.65 level, MATIC broke several hurdles near $0.70, moving into a positive zone, much like Bitcoin and Ethereum. This movement suggests a solid breakout, with the price overcoming key resistance levels. Moreover, Polygon's current price prediction is optimistic, with an 18.12% rise expected, reaching $1.057030 by November 19, 2023. This bullish sentiment is supported by the Fear & Greed Index, which is currently at 69 (Greed), indicating strong market confidence. Additionally, Polygon is predicted to reach as high as $3.41 by 2024, considering historical price movements and BTC halving cycles. A Fresh Opportunity in the Crypto Space In addition to these established cryptocurrencies, it's worth considering emerging players like Meme Moguls ($MGLS). Meme Moguls is a unique platform offering a meme-backed stock market/exchange. It provides opportunities such as a staking pool for passive income and a vibrant community for meme enthusiasts and traders. Currently valued at just $0.0021, Meme Moguls presents significant growth potential, with market experts predicting a 100x growth for $MGLS. Contact Details Meme Moguls pr@mememoguls.com

November 28, 2023 03:52 PM Eastern Standard Time

VinFuture announces the 2023 Sci-Tech week and award ceremony

Vingroup

HANOI, VIETNAM - Media OutReach - 28 November 2023 - VinFuture Foundation officially announces the agenda for the third Science and Technology Week slated to take place from December 18th to 21st, 2023, in Hanoi, Vietnam. This series of world-class events will bring together leading scientists and experts in pivotal technological domains, including semiconductor technology, precision medicine, green transportation infrastructure, and artificial intelligence. The pinnacle of the Sci-Tech week will be the VinFuture Prize Award Ceremony, recognizing scientists for their groundbreaking achievements that significantly impact the lives of millions worldwide. The 2023 VinFuture Sci-Tech Week and the VinFuture Prize Award Ceremony are among the most highly anticipated annual events in the global science and technology community. This year, centered around the theme of “Boundless Unity,” the four-day 2023 VinFuture Sci-Tech Week comprised a wide array of engagements, including the “ Science for Life ” Symposia, the “ VinFuture Discovery Talk Series,” the prestigious “ VinFuture Prize Award Ceremony,” and “ Talk Future: Dialogue with the 2023 VinFuture Prize Laureates.” Commencing the series of events is the “Science for Life” Symposia taking place on December 18th-19th, including four sessions with the topics: “Semiconductors Unleashed: The Backbone of Modern Innovation,” “Advancing Precision Immunology Therapy for the Treatment of Autoimmune Disorders,” “Sustainable Infrastructure and Green Transportation,” and “Artificial Intelligence: Transformative Opportunities and Challenges.” The symposia serve as an eminent platform that unites policymakers, scientists, experts, and businessmen from prestigious domestic and international organizations. Guests attending the symposia will meet and discuss with distinguished scientists such as Professor Teck-Seng Low, Senior Vice President at the National University of Singapore (Singapore); Dr. Sadasivan (Sadas) Shankar, Research Technology Manager at SLAC National Laboratory in Stanford University (USA); Professor Shimon Sakaguchi, Immunologist and Distinguished Professor at the Immunology Frontier Research Center (IFReC), Osaka University (Japan); Professor Jang-Soo Chun, Gwangju Institute of Science, and Technology and Director of the Korea National Creative Research Initiatives Center for Osteoarthritis Pathogenesis (South Korea); Professor Christian Borgs, Director of the Bakar Institute of Digital Materials for the Planet (BIDMaP) and Member of the Berkeley Artificial Intelligence Research (BAIR) Lab at University of California, Berkeley (USA) … The highlight of VinFuture Season 3 is the connection activities under the “ VinFuture Discovery Talk Series ” - organized for the first time to cultivate partnerships and delve into potential technology transfers at renowned research institutes and universities in Vietnam. Nine participating organizations in Hanoi will engage in profound discussions with globally acclaimed scientists. These conversations will revolve around pivotal topics, including “ Ending AIDS: Developing new prevention technologies for young women, ” “ Building research capacity to address global health issues in low- and middle-income countries, ” “ COVID-19: Advancing an evidence-based response, ” “ Agriculture's path to net zero emissions: The role of livestock, ” etc. The pinnacle of this series culminates in the highly anticipated 2023 VinFuture Prize Award Ceremony, poised to take place on the evening of December 20th, 2023, at the Ho Guom Opera House. This ceremony, under the resounding theme of “Boundless Unity,” serves as the grand stage for unveiling the Laureates of the VinFuture Prize Season 3, whose technological breakthroughs were meticulously curated from a comprehensive pool of nearly 1,400 nominations spanning over 90 countries and territories worldwide. Wrapping up the VinFutureSci-Tech Week is the grand finale: “ Talk Future: Dialogue with the 2023 VinFuture Prize Laureates, ” scheduled for December 21st, 2023. Attendees can seize the morning session to personally connect with the esteemed 2023 VinFuture Prize Laureates as they share the inspirational scientific research journey that led them to prestigious accolades. Later in the afternoon, the Laureates will deliver an enthralling presentation catered towards exceptional young scientists, gifted students, innovative businesses, and the startup community, all eager to implement groundbreaking scientific advancements into practical applications. The VinFuture Prize has entered its third year with the prestige and stature increasingly affirmed by the global science and technology community, recognized on par with the world’s top prestigious awards. In Vietnam, the VinFuture Foundation and the VinFuture Prize also have a unique meaning, not only serve as a bridge to connect the world’s outstanding minds with the Vietnamese science and technology community but also contribute to inspiring and motivating Vietnamese science to catch up quickly and advance further on the global science and technology map. EVENT SCHEDULE FOR THE 2023 VINFUTURE SCI-TECH WEEK 1. “Science for Life” Symposia Date and time: 9:00 am - 3:45 pm, December 18th-19th, 2023 Location: Almaz International Convention Center, Hoa Lan Street, Vinhomes Riverside, Long Bien, Hanoi 2. VinFuture Discovery Talk Series Date and time: December 18th-21st, 2023 Anticipated locations: Nine (09) participating institutes, universities, and organizations 3. 2023 VinFuture Prize Award Ceremony Date and time: 8:00 pm – 10:00 pm, December 20th, 2023 Location: Ho Guom Opera House, 40 Hang Bai, Hoan Kiem, Hanoi 4. Talk Future: Dialogue with the 2023 VinFuture Prize Laureates Date and time: 9:00 am – 4:00 pm, December 21st, 2023 Location: VinUniversity, Vinhomes Ocean Park, Gia Lam, Hanoi About the VinFuture Prize The VinFuture Foundation, established on International Human Solidarity Day on December 20th, 2020, is a non-profit organization co-founded by billionaire Mr. Pham Nhat Vuong and his wife, Mrs. Pham Thu Huong. The Foundation's core activity is awarding the annual VinFuture Prize, which recognizes transformative scientific and technological innovations capable of making significant positive changes in the lives of millions of people worldwide. The VinFuture Prize consists of four prestigious awards presented each year. The most esteemed is the VinFuture Grand Prize, valued at US$3 million, making it one of the largest annual prizes globally. Additionally, there are three Special Prizes, each valued at US$500,000, specifically dedicated to honoring female innovators, innovators from developing countries, and innovators with outstanding achievements in emerging fields. In pursuit of its mission, the Foundation undertakes various activities. These include engaging in strategic grantmaking initiatives, fostering intellectual connections, and collaborating in the advancement of science and technology. Learn more at: https://vinfutureprize.org. Contact Details Media Contact v.chidqd1@vingroup.net

November 28, 2023 09:57 AM Eastern Standard Time

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Knightscope 9-Month Financial Report: Company Triples Net Revenue, Reduces Backlog

Benzinga

By Faith Ashmore, Benzinga Click here to learn more about the Knightscope Public Safety Infrastructure Bond. Technology is advancing quicker than ever with robotics, AI and space technology becoming not just possible but integrated into everyday life. The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 billion by 2030 with a CAGR of 15% from 2022-2030. Similarly, the AI market had a valuation of $454.12 billion in 2022 and is projected to reach approximately $2,575.16 billion by 2032, with a CAGR of 19% between 2023 and 2032. While things like mainstream AI adoption raised questions just 10 years ago, it is undoubtedly the way of the future. One company, in particular, took a gamble ten years ago and started combining technology in multiple multi-billion dollar markets such as robotics, AI, electric vehicles (EV), telecommunications and autonomous tech. Knightscope (NASDAQ: KSCP) is a technology company ushering in the dawn of Autonomous Security Robots (ASRs) and working hard to protect U.S. citizens from crime across the country. Its robots are designed to deter, detect and report potential security threats, providing valuable situational awareness to security and public safety professionals. Q3 Earnings Report Knightscope reported financial results for the nine months ending on September 30th, 2023. The company's net revenue for this period was approximately $9.8 million, which is almost triple the $3.3 million reported during the same time frame in 2022. This translates to an annual revenue run rate of around $13 million, which is more than double the previous year's net revenue of $5.6 million. The backlog for the company as of October 29th, 2023 was approximately $4.1 million, reflecting a decrease from the previous quarter. The backlog is subject to fluctuations as new orders come in, and the company has made significant progress in reducing its backlog. Although the backlog for autonomous security robots slightly increased, the backlog for K1B products was reduced by approximately $1.1 million. Knightscope has been working to improve its production and supply chain processes to increase production output. With these efforts and the scaling up of operations, the company has improved its gross margins. During the first nine months of 2022, Knightscope had a gross loss of $2.1 million, while during the same period in 2023, the gross loss was only $154,000. The company expects to see continued improvements in the future as it executes its plan for profitability. The company's performance has also improved on a per-share basis. The loss per common share for the period decreased from $0.40 to $0.26. As of September 30th, 2023, Knightscope had cash and cash equivalents of $4.6 million, and on December 31st, 2022, it had $4.8 million. The company also fully extinguished convertible notes secured in connection with the acquisition of CASE emergency systems by the end of the second quarter of 2023. Bond Offering Knightscope recently launched its public safety infrastructure bond offering. It is offering 10% interest, paid in cash annually, on up to a 5-year bond. For example, a $10,000 investment could yield $1,000 of interest in cash payments annually for 5 years. The company plans to conduct rolling closes of the bonds on a monthly basis and successfully completed its initial closing a few weeks ago. Investors begin earning interest on their closing date, and the bond offering will remain active for several months as per Reg A+ offering regulations. Contracts Heading Into 2024 Knightscope’s success has garnered national attention, and the company has won corporate contracts with major corporations such as PENN Entertainment (NASDAQ: PENN), PG&E (NYSE: PCG), ABM (NYSE: ABM) and Lowe's (NYSE: LOW). The company also recently announced a collaboration with the NYPD and MTA in New York City, as their robots will operate in the subway system during late-night hours. Known for their effectiveness and approachability, the K5 robots strike a balance between engagement and respect for privacy. These partnerships are among a long list of other collaborations. Knightscope also offers an educational series about the increasing role robots are playing in the economy today and the company’s mission to “make the United States the safest country in the world.” Click here to learn more about the Rise of the Robots. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 28, 2023 09:55 AM Eastern Standard Time

Harnessing The Power Of Gamma-Delta T Cells In Cancer Therapy: IN8bio’s Innovative Approach

Benzinga

By Faith Ashmore, Benzinga Why Are Gamma-Delta T Cells Important In Fighting Cancer? Gamma-delta T cells belong to a unique group of immune cells that have qualities of both the innate and adaptive immune systems. They have a complex set of receptors that allow them to differentiate between healthy and cancerous cells. Their multifunctional nature enables them to directly kill cancer cells and activate other immune cells to destroy tumors. What makes gamma-delta T cells particularly promising is that they can eliminate cancer cells without prior exposure to a specific antigen. This means they can trigger a more comprehensive immune response, making them valuable candidates for both solid and hematological cancer therapies. Gamma-delta T cells are also more durable than other innate immune cells like Natural Killer (NK) cells, which have shown to be less effective in clinical trials because of lack of persistence. How IN8bio’s Innovative Platform Helps Advance This Promising Research Field IN8bio's innovative DeltEx platform forms the basis of its extensive pipeline, comprising both preclinical and clinical product candidates. The platform is specifically designed to target cancer cells effectively, with the ultimate goal of potentially eradicating them and improving patient outcomes. Central to IN8bio's approach is their advanced expertise in genetically engineering and manufacturing ex-vivo, expanded and activated gamma-delta T cells. This expertise allows them to produce these immune cells in a way that enhances their therapeutic potential. In addition, IN8bio has developed proprietary gamma-delta T-cell engineering techniques that are unique to the field. This engineering is aimed at improving the cells' resistance to chemotherapy, making them even more effective in combating cancer. Another key feature of the DeltEx platform is the use of proprietary advanced, next-generation closed-system manufacturing technology. This scalable method enables the efficient production of gamma-delta T cells – ensuring a consistent and reliable supply for potential treatments. Importantly, IN8bio's engineered DeltEx cells show broad applicability across multiple types of cancers, both solid tumors and hematological malignancies. These unique properties have resulted in scientists focusing on developing cancer therapies based on gamma-delta T cells. It is projected that by 2028, the gamma-delta T cell cancer therapy market will be at $4 billion and one company seems to be leading the charge, IN8bio (NASDAQ: INAB). IN8bio is a biotechnology company that specializes in developing novel therapies based on gamma-delta T cells. Its innovative technology focuses on harnessing the potential of these cells to effectively target and eliminate cancer cells in both solid and hematological tumors. IN8bio's pipeline consists of a range of preclinical and clinical investigational therapies that aim to address various types of cancer with large unmet needs. Many of its lead product candidates are being developed for the treatment of patients with advanced solid tumors. The solid tumor market was valued at $209.61 billion in 2021, and it's expected to reach $901.27 billion by 2029. The drug candidate, INB-200, may be useful in treating solid tumors, including glioblastoma (GBM). GBM is a highly aggressive type of brain cancer with no cure, leading to a grim prognosis and an average overall survival time of only 14 to 16 months. INB-200 is a genetically modified autologous product candidate. This novel platform called drug-resistant immunotherapy, or DRI, utilizes genetic engineering to generate chemotherapy-resistant gamma delta T cells that can be administered concurrently with standard-of-care treatment in solid tumors. This is a powerful, synergistic treatment approach enabling gamma-delta T cells to persist in the presence of chemotherapy and maintain their natural ability to recognize, engage and kill cancer cells. It is designed to activate and expand Gamma-delta T cells in order to enhance the body's immune response against cancer. Leukemia, with a specific focus on Acute Myeloid Leukemia (AML) and Myelodysplastic Syndrome (MDS), is another area of interest for IN8bio. The AML market is projected to to grow from $3.5 billion in 2022 to $6.1 billion in 2028 – representing a CAGR of 10%, while the MDS market which was worth $ 3.3 billion in 2022 is expected to exhibit a CAGR of 9.3% over 2023-2030. IN8bio's INB-100 is an allogeneic-derived, gamma-delta T cell product candidate aimed at addressing the unmet need in these areas. While there are some companies, such as Adicet (NASDAQ: ACET) and Century Therapeutics (NASDAQ: IPSC), studying gamma-delta T cells, IN8bio's DeltEx platform sets them apart from competitors in the field of cancer therapy. Its expertise, proprietary techniques, and scalable manufacturing process potentially position it as a leader in harnessing the potential of gamma-delta T cells for the development of innovative and effective cancer treatments. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 28, 2023 09:55 AM Eastern Standard Time

Lytus Digital Spearheads Lytus' Expansion Into The Next-Generation Technology Space

Benzinga

By Meg Flippin, Benzinga Macro headwinds may be impacting the economy along with geopolitical tensions, but that isn’t stopping businesses from looking to invest in their technology and IT solutions focused on business transformation and improved customer offerings. For 2023, worldwide IT spending is forecast to reach $4.6 trillion. Lytus Technologies recognizes the growing global demand for technology engineering services and aims to fulfill it through Lytus Digital. Driving a lot of that growth is spending on software. Forecasts estimate software sales will increase 12.3% in 2023 and 13.1% in 2024. Companies are looking to increase automation and productivity and are spending their investment dollars on software to achieve that. Need For Digital Transformation In recent years, digital business strategy has had a growing influence on overall business strategy which has resulted in companies leveraging technological solutions to transform their operations and improve their value proposition. A recent Gartner survey highlighted the demand for these services with 89% of board directors recognising the need for technological solutions but only 35% having achieved their digital transformation goals. Lytus Technologies’ new venture aims to serve the needs of the global SME sector which accounts for 90% of businesses and more than 50% of employment worldwide. Lytus Digital reports that it offers a suite of high-quality technology solutions that leverage several leading-edge technologies like cloud computing, wireless sensor networks and low-code rapid application development frameworks to address a wide range of enterprise pain points, and it makes these solutions accessible to a larger customer demographic across the globe. Winning Isn’t Easy Lytus Digital reports it is working on a range of exciting projects in its pipeline that address the major challenges faced by global enterprises in terms of building their digital presence, facilitating better business practices and improving customer interactions. The company is developing an ecosystem of customizable platforms focused on streamlining business process management, finance and compliance systems. This ecosystem will be integrated with The Next Generation E-commerce Platform featuring virtual and mixed-reality experiences. The company aims to remain at the forefront of innovation by leveraging deep tech like AI-assisted automation, computer vision machine learning and natural language processing. “Lytus Digital operates in a market where the barrier to entry is providing value to customers at aggressive thresholds,” said Lytus Digital’s Co-Head Jugal Gala when announcing the new offering. “Our in-house engineering capabilities will help us break into the market profitably. With this pursuit, we aim to establish strong partnerships in the industry to boost multinational growth, and to build accessible leading-edge technology-enabled products and solutions across various verticals.” Emerging Tech Brand By entering the technology engineering sector, Lytus is not just tapping an underserved need, but is positioning itself as an emerging competitive tech brand serving global markets The company’s business model is potentially disruptive but easily repeatable and scalable across geographies. Its recent launch of Lytus Studios is another example of how the company is leveraging technology to serve growing markets. Lytus Studios is a content creation and technology services business bringing virtual reality, augmented reality, mixed reality and extended reality to the film, video, commercial, corporate and digital markets. “This venture brings a strong tech native presence into our fold of companies and further strengthens Lytus’s ambitions to emerge as a leading technology brand in the global markets,” said Lytus Technologies CEO Dharmesh Pandya. “We are confident that the Lytus Digital team, with their strong engineering capabilities, will have a positive impact on our offerings and revenues.” Lytus Technologies is a platform services company enriching the experience for users whether it’s streaming content, telemedicine or fintech services. The company reports that its ability to provide a cutting-edge platform regardless of the digital offering is what makes it unique. The company operates telecasting, telemedicine and OTT platforms, leveraging its 5,000-kilometer network of installed fiber and broadband infrastructure to serve more than four million users in India and the USA. It's one of the few Indian companies listed on the NASDAQ. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 28, 2023 09:55 AM Eastern Standard Time

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