News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

US Navy Veteran Todd Harmon Talks Shop and Shares Growth Strategies for Minuteman Press Franchise in Cincinnati

Minuteman Press International Inc

US Navy Veteran Todd Harmon is no stranger to owning his own business. Prior to joining the Minuteman Press franchise family in April 2018, Todd had previously owned other small businesses and franchises. His Minuteman Press design, marketing, and printing center is located in the Kenwood area of Cincinnati, Ohio, at 7681 Montgomery Road. In this interview, Todd shares why he chose Minuteman Press, how his military and business experience has helped him in the printing industry, and how products such as signage and mailings with a heavy focus on Every Door Direct Mail have helped spur the growth of his printing business. What is your professional background? Todd Harmon: “I am a United States Navy Veteran. Prior to franchising, I owned an independent small business that manufactured new and refurbished pallets in the wood products industry. I have also previously owned two other franchises in the retail and restaurant industries. I chose Minuteman Press due to its #1 ranking in print franchising and the excellent work-life balance it would provide my family. Both of my children now work in the business with me. It also appealed to me as a privately owned company with a great royalty structure for franchisees.” What has the support from Minuteman Press International been like for you? Todd Harmon: “Local support from my field rep Ryan McIntyre and RVP Gary Nowak has been outstanding. They are a great resource when I need to discuss hiring/personnel and major business decisions. The FLEX software support team is always very responsive to our needs.” How do you describe your business and capabilities to potential clients? Todd Harmon: “I explain to clients that we are actually a print and small business marketing and consulting firm. Because of my previous business experience owning two other successful local franchises prior to Minuteman Press, I can really relate to these folks and help them reach their target customers through effective print and mail marketing strategies. Our customer service and fast turnaround times really set us apart from the competition.” What are the high-demand products and services that have really been helpful for your clients? Todd Harmon: “Signage, including installation if applicable, with fast turnaround times have really helped our clients. We can drop ship anywhere for them even on weekends. Quick design services for budget-conscious small businesses are much-appreciated by our customers. Our #1 key growth area is in direct mail services. We have also built a very strong Every Door Direct Mail (EDDM) business. We work with and educate our customers through every step of the EDDM process.” What are some of the key ways you’ve grown your business? Todd Harmon: “Our high level of customer service and fast turnaround times have led to many referrals. We have grown through participation in a local BNI networking group. I am committed to consistent SEO/SEM marketing, email blasts, direct mail, and always promoting our EDDM services at every opportunity.” How would you best describe your community? Todd Harmon: “We enjoy a very dense business community around our shop. There are offices, medical facilities, restaurants, and many non-profit firms in our local area, as well as schools and many large church organizations. All of our clients demand a high level of professional customer service that we strive every day to meet.” Why do you think printing remains so vital to businesses today? Todd Harmon: “Print is a more trustworthy advertising medium and can allow you to reach a more targeted audience. For instance, I believe an engaging, tangible EDDM mail piece with a strong offer will yield a higher ROI than other advertising mediums, especially for restaurants and home repair/service businesses.” What are the biggest rewards of owning your business? Todd Harmon: “Following my military service, I have always owned my own business. I get great satisfaction from operating a profitable customer service focused small business. I enjoy the challenge.” What advice would you give to other owners right now? Todd Harmon: “Minuteman Press gives you the freedom to make the print shop your own, allowing you to focus on your strengths. Embrace it and have fun. Also, h ire staff that will help you build a culture of customer service in your shop. ” Todd Harmon’s Minuteman Press franchise is located at 7681 Montgomery Road, Cincinnati, OH 45236. For more information, call 513-531-7600 or visit their website: https://minuteman.com/us/locations/oh/cincinnati22/ Learn more about #1 rated Minuteman Press franchise opportunities and see Minuteman Press franchise reviews at https://minutemanpressfranchise.com. Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

November 10, 2022 10:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Absolute Sync Token Accelerates Growth Despite Crypto Downturn

Absolute Sync Token

Absolute Sync Token (AST), the blockchain-based escrow service and payment processor, has enjoyed huge growth this year, bucking the trend of the general cryptocurrency market. While other crypto projects have been suffering with a lack of users and interest, AST reports a continual increase and adoption of its platform and native BSC-based AST token, meeting the goals it has set for itself and showing that a bear market doesn’t have to mean a lack of uptake. Userbase increases AST uses blockchain technology to tackle one of the most significant issues with e-commerce platforms - the need to trust. It does this by delivering decentralized escrow services and payment processing based on institutional-grade smart contracts, eliminating the need for buyers and sellers to trust one another. AST has enjoyed a steady increase in its community and interest in the project among the crypto community this year, with more and more people wanting to learn about AST’s blockchain-based solution to payment processing. An example of this growth is the AST token launching on one of the quickly developing crypto exchanges, Dex-Trade, which allows the cryptocurrency community to easily buy, trade and sell the AST token. At the time of publication, daily traded volume was floating around $1 million, which shows a continuous increase from the date of the listing. The token is also listed on Arthbit.com and will soon be available on other top platforms, as per the plan set out in the roadmap. Following the ambitious roadmap The addition of a new exchange is another tick off the ambitious AST roadmap, which has already seen huge progress. This shows that the hard work of the AST team is paying off, with attention now turning to other milestones, such as the launch of ASTSwap, further expansion into the crypto space and the ultimate desire to build a platform that will provide community-beneficial collaborations, exclusivity, and revenues. AST believes that its growth will continue as it rolls out more features and news of its success spreads throughout the crypto space, with its new exchange listing marking another step in its expansion plans. About AST AST is delivering a user-centric escrow solution that secures online and in-person transactions while also expanding payment acceptance choices with integrated wrapped currencies. AST proposes a modern way to do business by providing Trust-As-A-Service to encourage commitment and eliminate the trust gap in the global marketplace. Many parts of society are underappreciated in terms of their exposure to life-changing technologies. AST plans to change this by demonstrating that blockchain and cryptocurrencies can usher in a generational shift when it comes to access to these underrepresented communities, offering financial inclusivity to those who have lived without it for decades. Website: https://astoken.co/ Contact Details AST Subhash Kamat info@astoken.co Company Website https://astoken.co/

November 10, 2022 09:27 AM Eastern Standard Time

Image
Article thumbnail News Release

Sharp App Wins David Meltzer Helmed Entrepreneur Pitch Competition, 2 Minute Drill

Sharp App

Sharp App, a sports betting app dedicated to the empowerment of bettors through AI-powered tools, analytics and educational programming, announced its co-founder and COO Jason Mezrahi competed and won $50,000 in cash and prizes pitching the Sharp App to a celebrity panel of entrepreneurs on David Meltzer’s “pitch only” show, the 2 Minute Drill. The full episode of the show can be viewed on the show’s website through the following link, 2 Minute Drill: Season 4, Episode 2. Hosted by legendary entrepreneur, investor, and best-selling author, David Meltzer, 2 Minute Drill features entrepreneurs from all walks of life competing each week for more than $50,000 in cash and prizes. Five contestants have two minutes to deliver their most convincing pitch. During Episode 2, Meltzer was joined on the judges panel by notable entrepreneurs: Former NFL Star and CEO of Lights Out Brand - Shawne Merriman Kennected CEO - Devin Johnson CEO and founder of National Business Capital - Joe Camberato “It’s amazing to be recognized by such an esteemed group of successful entrepreneurs,” said Mezrahi. “While our tech driven tools and services are second-to-none in the sports betting market, what really separated Sharp App from the other contestants was our commitment to sustainable profitability through our lean operation and meticulous approach to user acquisition and retention. We’re looking forward to leveraging the prize money into the next great innovation from Sharp App.” In Oct. 2022, Sharp App was announced as part of the HPL Digital Sport and Cardinal Sports Capital Accelerator Program based on the company’s growth, ability to scale and development of new innovative tools. Since 2021, Sharp has held an 80% month-over-month premium subscriber retention rate and provided upgrades and scaled content for its Game Center a centralized hub of news, trends, lines and betting information, and Sharp Academy, a multimedia masterclass that will teach all skill levels different aspects of sports betting, led by sports betting expert John Alessia. For more information please visit: https://sharp.app/ To download the app: App Store: https://apps.apple.com/us/app/sharp-app/id1557592668 Google Play: https://play.google.com/store/apps/details?id=com.sharpapp ABOUT SHARP APP Founded in 2020, by sports betting and fantasy experts and executives from Win Daily and DFS Army, Sharp is a first-of-its-kind sports betting app. Sharp provides an all-in-one platform experience of multimedia content, tools and solutions developed specifically to educate and empower sports bettors to make smarter decisions and manage their actions. Follow Sharp on social media - Twitter, Facebook, Instagram, YouTube and TikTok. ABOUT DAVID MELTZER David Meltzer is the Co-Founder of Sports 1 Marketing and formerly served as CEO of the renowned Leigh Steinberg Sports & Entertainment agency, which was the inspiration for the movie Jerry Maguire. He is one of the world's top entrepreneurs, investors and business coaches. David has been recognized by Variety Magazine as their Sports Humanitarian of the Year and awarded the Ellis Island Medal of Honor. David is the Executive Producer of the Apple TV series 2 Minute Drill and Office Hours. He is also the executive producer of Entrepreneur’s #1 digital business show, Elevator Pitch. David is featured in many books, movies, and TV shows such as World’s Greatest Motivators, Think and Grow Rich and Beyond the Secret featured on Netflix. Contact Details Michael Adorno +1 212-931-6143 madorno@hotpaperlantern.com Company Website https://sharp.app/

November 10, 2022 09:01 AM Eastern Standard Time

Article thumbnail News Release

Inflectra Launches Accelerator Services Suite to Help Customers Adopt SaaS Solutions in their Business Strategies

Inflectra

Inflectra, a leading maker of IT Software Lifecycle Management Solutions, today announced the launch of 'Inflectra Accelerators,' a set of new predefined professional service solutions that help customers speed up deployment and adoption of Inflectra products SpiraPlan & Rapise, increasing their ROI. The new accelerator services will be delivered by Inflectra’s global solution partner network. "From our founding, we have been very clear as a company that our strength is in creating powerful and easy-to-use platforms that help customers deliver quality in their software development lifecycles,” said Inflectra CEO Adam Sandman. “We are excited to bring more robust professional services to our customers. The benefit for our customers is that we can help them speed up and streamline their efforts when adopting SpiraPlan and Rapise. We anticipate that the program will significantly benefit our channel partners by increasing the number of projects that we will provide to them. Inflectra’s partners will be able to meet new clients, develop new relationships, and see the value of Inflectra’s partner program as one of their most important business development channels.” Unlike traditional professional services, provided on an open-ended hourly basis, each set of Inflectra’s accelerators includes a predefined set of business objectives, process consulting and training activities, and tangible deliverables offered at a fixed price to customers. These new accelerators do not replace Inflectra’s legendary customer support or other existing services but provide a way for smaller organizations and teams to take advantage of the expertise of Inflectra’s partner network. Customers who implement the Inflectra Accelerator solutions will improve their product quality, speed up time-to-market, and reduce overall software delivery risk. "Our main goal is customer satisfaction, and with this new solutions program, we can effectively track the goals and value our clients gain from utilizing the Inflectra platforms,” said Inflectra's Head of Learning Development, Dr. Siram Rajagopalan. “Inflectra Accelerators also allow us to provide consulting services and platform customization to a much larger pool of business leaders and customers than before.” After purchase, customers will be contacted by an Inflectra-appointed solutions partner to begin implementation of the Accelerator services. Partner selections are based on the geographical location of the customer, language preference, services included in the specific accelerator, and the level of the partner in Inflectra’s program (platinum, gold, or silver). Inflectra believes this approach will ensure that selected partners are certified in Inflectra products and have the necessary skills, abilities, and expertise to assist the customer. "The majority of Inflectra customers who purchase our products do so because of the simplicity and transparency of pricing; however, they are reluctant to purchase professional services because of the unknown cost and scope," says Infectra's Director of Global Alliances, Jessica Moore. "With the structure of the new accelerators, we are providing more value to both our customers and partners." Inflectra Accelerators will be available on the Inflectra website for purchase and can seamlessly be added to any pre-existing customer package or SaaS solution. For more information, visit: https://www.inflectra.com. Inflectra offers a suite of intuitive, turnkey enterprise solutions to manage the entire software lifecycle. Its industry-leading products for application test management, test automation and lifecycle management. Among our most popular products are SpiraPlan, giving you the ability to synchronize what matters, with agile program development; and Rapise, providing fast and easy test automation for everything—web, mobile, desktop, and APIs. Founded in 2006 and headquartered in the United States, Inflectra now has offices in more than 10 countries, along with a global partner network that covers more than 5,000 customers worldwide. Learn more at www.inflectra.com. Contact Details Sara Reister +1 215-896-3243 inflectra@trustrelations.agency Company Website https://www.inflectra.com/

November 10, 2022 09:00 AM Eastern Standard Time

Article thumbnail News Release

Karta.io Joins Visa’s Fintech Fast Track Program

500NewsWire

( 500NewsWire )— U.S. startup Karta.io, the financial OS for e-commerce teams, today announced that it joined Visa’s Fintech Fast Track Program. Through the program, Karta.io will have access to the tools and resources needed to scale its business using the reach, capabilities, and security that VisaNet, Visa’s global payment network, offers. Through Visa’s Fintech Fast Track Program, Karta.io is now able to build and expand new spend management experiences for business and build a financial ecosystem for managing company cash flows with advanced tools for organizing expenses and control over business finances. Karta.io offers a single platform for e-commerce businesses to understand, run and grow their business. It works to give e-commerce budget automation, easy-to-understand insights over working capital, business accounts and unlimited virtual cards. Built to regain control of company budgets, it offers multiple virtual cards in one click, spending rules for every user, effortless team management, and real-time expense tracking.The service is built by serial e-commerce and fintech founders and strives to solve the problems e-commerce companies face in daily financial processes. “The e-commerce market is exploding in terms of revenue and active businesses. E-commerce teams rely on patching together a finance stack from multiple providers for banking, accounting, tax, and credit — none of which is designed for their needs. When a business starts to grow, teams have to track the numbers daily. More transactions and budgets build complexity. Teams face problems with keeping track and cash forecasting becomes a huge challenge. This results in the teams going to the DIY solution realm, losing money on processes, departments, software, and software control. This is becoming a huge problem for the e-commerce global market, which is growing rapidly: eMarketer predicts it will reach $6 trillion by 2024,” said Nik Zimarkov, the CEO of Karta.io. Visa’s Fintech Fast Track Program will give Karta.io access to Visa’s growing partner network, and the support of experts who will help the company to reach the next level of functioning in the most efficient way. The program provides turnkey access to Visa’s ecosystem partners, online licensing and APIs, and extensive go-to-market toolkits, analytics and consulting platforms. Learn more about Visa’s Fintech Fast Track program at https://Partner.Visa.com. “Karta.io has always placed an emphasis on innovation and our partnership with Visa now gives us the resources to support our initiatives as we quickly scale,” said Nik Zimarkov, the CEO of Karta.io. “Visa’s Fintech Fast Track Program is a very strong project that could change the financial industry of the future.We are proud to be a part of this program”. “At Visa, we understand a shift to e-commerce has impacted how businesses both spend and receive money.” said Vanessa Colella, SVP and Global Head of Innovation and Digital Partnerships at Visa. “By joining Visa’s Fintech Fast Track program, exciting Fintechs like Karta.io gain unprecedented access to Visa experts, technology, and resources to efficiently scale and bring innovative solutions to market.” About Karta.io Financial platform designed for e-сommerce. Karta.io provides business accounts, smart virtual cards, transparent credits, cash flow insights, and budgeting tools to help companies reach their financial goals and grow faster. Media Contact: Anna Nowak pr@karta.io https://karta.io Contact Details Anna Nowak pr@karta.io

November 10, 2022 08:32 AM Eastern Standard Time

Article thumbnail News Release

A Potential Game Changer In DAO Tooling? Ink Finance Raises $4M And Releases Beta Version

Ink Finance

In a landscape filled with decentralized autonomous organization (DAO) tools, Ink Finance ($QUILL) set out to develop a protocol that was easy to use, scalable and flexible enough to serve the daily governance and financial execution needs of both small, loose-knit organizations and large, professionally managed DAOs. After two rounds of funding this year, Ink Finance says it has raised a total of $4 million from leading institutions in the crypto space. The capital has helped the team complete the open beta version of the DAO financial toolkit. Ink Finance’s goal is to become the gold standard in financial DAO construction and operation. Here's an overview of the key features released in the beta version and what the full INK web app will soon offer. The Beta Version Of Ink Finance’s No-Code Experience For DAOs Typically, blockchain-based DAOs have to invest heavily in infrastructure and development to implement a secure and reliable framework for delivering products and services over blockchains. Ink Finance says its web app will be the first tool to effectively close the loop between decision-making and on-chain financial execution by fully integrating organizational governance with on-chain financial execution. Instead of piling multiple DAO tools together, the INK app can automatically execute the results of critical decisions like treasure creations or revenue audits. The modulated platform creates a no-code framework with which DAOs can easily configure governance, financial functions, products and integrations. These modules make it easy for users to pick the features and functions they want and implement them in a plug-and-play fashion. Not only will that make it easier to create a DAO, it makes the framework flexible and scalable as users can set up new features and functions as they grow. The open beta version doesn’t have all the features that will be included in the full release, but it includes some of the most critical components of the governance module for creating and operating a DAO including proposals, voting, treasury management and community incentivizing. Users can create DAOs with voting parameters, set up treasury vaults and treasury managers, manage payroll and one-time payments, audit income revenues, test identity verification protocols and the ability to operate across multiple blockchains. That multichain functionality is another area where INK stands out. INK’s migration tools make it easy to move an entire operation to a new blockchain without needing to redevelop new infrastructure. Users can also monitor liquidity generation across all blockchains and aggregate it in one main capital book. Similarly, they can consolidate all voting resolutions into the Master DAO. Essentially, INK makes it possible for DAOs to set up their organization once and do business everywhere. Since going online in July, the beta release of INK is already being put to the test by top-tier DAOs like Mirror World, Polytrade ($TRADE) and Solv Finance ($SOLV). INK also deployed on the Binance Smart Chain network, the largest blockchain in the world with more than 13 million transactions per day, expanding the toolkit’s reach to DAOs all around the globe. While some of the INK app’s most impressive features are already available for users to test out in the beta version, the full release will add even more advanced features like on-chain-issued non-fungible tokens (NFTs) and other decentralized finance products and cross-chain financial governance. INK plans to gradually release additional modules and features over the coming months, with Community Management functions slated for January 2023 and a fully integrated INK Economy on all deployed testnets by February 2023. Ink Finance is a DAO governance toolset, enabling all kinds of ecosystems to establish governance economy, manage internal finance, and connect with DeFi investors everywhere, through a no-code user experience. As a Financial SaaS built on blockchain, Ink Finance has the most comprehensive financial engineering tools to support on-chain issuance, settlement, clearing, and analysis of Non-Fungible Financial Products.Ink Finance is backed by heavy weight eco builders such as Republic Crypto and DeFi Alliance, partnered with cutting-edge solution providers such as Humanode, Astra, SolvFinance, Polytrade and deBridge, etc. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Camille Zhang camille.zhang@ufit.live

November 10, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

6WIND and Open Valley announce strategic partnership in the Middle East and Africa Region

6WIND

6WIND, a leading high-performance virtualized & cloud-native networking software company today announced its partnership with Open Valley to help expand its outreach in the MEA region. 6WIND is pleased to announce its partnership with Open Valley to establish itself in the Middle East and Africa region. Open Valley is the leading System Integrator and Solutions Provider in the Middle East and Africa with a focus on open networks, telco-cloud, and software-driven networks. "In MEA CSPs and MNOs have started their network transformation journey towards virtualization, cloudification, and net-zero carbon emissions. 6WIND’s unique software-centric portfolio, 'Fully Virtualized, Containerized, and Cloud Native,' will pave the road for network transformation for our clients in the Middle East and Africa." commented Ahmed Rady, President and CTO of Open Valley. 6WIND deliver high-performance and secure Virtual Service Router (VSR) Software Solutions, which are deployed bare-metal, virtualized, or containerized on COTS servers in private and public clouds. The 6WIND VSR Software Solutions help reduce the carbon footprint by lowering the energy consumption by more than 50%, cost-effectively without sacrificing performance by drastically reducing the hardware servers required. The 6WIND VSR Product Suite; vPE, vCSR, vSecGW, vCGNAT, vBR & vCPE, have proven their energy-saving capabilities and their impact on reducing the carbon footprint. These solutions deliver high performance, security, scalability, flexibility, openness, and agility, to global CSPs, MNOs, Cloud Providers, Data Centers, and Enterprises. These are deployed bare-metal, virtualized, containerized, or cloud-native on COTS servers in private and public clouds. “We are very excited to partner up with Open Valley to expand our footprint in the MEA region, where service providers are very keen to accelerate their network virtualization and cloud-native journey to meet their efficiency and sustainability goals!”, said Julien Dahan, CEO, 6WIND About 6WIND 6WIND is a Green Tech Virtualized & Cloud-Native networking software company and the worldwide leader for Virtual Service Router software solutions. 6WIND software is deployed globally by CSPs, MNOs, Cloud Providers, Data Centers & Enterprises, allowing them to replace expensive hardware & build their new 5G networks with virtualized networking software solutions for routing and security use cases. 6WIND has a global presence with Headquarters based in Paris - France, Santa Clara, CA - USA and Singapore.Social follow - LinkedIn & Twitterwww.6wind.com Contact Details 6WIND Neelam Bahal, VP Global Marketing +44 7805 090701 neelam.bahal@6wind.com Company Website https://www.6wind.com

November 10, 2022 08:00 AM Eastern Standard Time

Article thumbnail News Release

Airly secures new $5.5M funding round to fight air pollution and save lives

Airly

Air pollution is the most-pressing environmental health crisis of our time with approximately nine in 10 people around the world breathing unclean air. Helping to spotlight this existential threat, cleantech startup Airly is today announcing a $5.5M series A funding round as it targets cleaning the air by understanding the exact sources based on sensor data and comprehensive actionable insights. The funding round was led by firstminute capital and Pi Labs with participation from existing investors including. Sir Richard Branson Family Office, AENU, Untitled and new investors including Slack co-founder Cal Henderson, Snowflake co-founder Marcin Zukowski as well as institutional investors Semapa Next and TO Ventures. With this funding round, Airly has raised $8.8M from investors since March 2021, as it now scales to realize the potential of its complete air quality monitoring platform and supporting local governments determined to fight for clean air with an end-to-end solution. The Airly platform provides solutions for air quality monitoring to local governments, companies and local communities in over 40 countries. They use sensors to observe data and now Airly will be able to provide a complete dashboard enabling users to go one step further. They will be able to monitor the data and obtain actionable insights that will translate into effective actions to improve air quality and understand their impact on health and well-being. The dashboard will offer multiple features including a report generator, insights, impact tracker and the city ranking. Wiktor Warchałowski, CEO and co-founder of Airly commented: “With the funding round we are going deeper with our users. Monitoring with our sensors has helped bring the issue to the surface and now with our dashboard offering actionable insights and nudges, we believe this will be the catalyst that helps move measures and policies into place to repair the air we breathe.” Recently, Airly launched the largest air quality monitoring network in a European city by installing 165 sensors in Warsaw. Similarly large networks have also been launched in the UK (Birmingham and the London boroughs of Lambeth, Haringey and soon Southwark) and Indonesia (Jakarta). Airly has also strategic partnerships with the likes of JCDecaux, NHS, NILU (Norwegian Institute for Air Research) and is a key partner in the European Union’s Horizon 2020 funded DivAirCity project. Airly impact studies have proven that cities with a dense network of air quality sensors are achieving faster reduction in air pollution. Since 2019, four cities from the C40 group (a global network of cities taking urgent action to confront the climate crisis) with dense monitoring networks (Jakarta, Lisbon, London and Warsaw) have improved their overall air quality by 16% (compared to 5% improvement made by cities without dense networks). “ Trailblazers in London are showing how real-time local air quality data is the catalyst for taking action to make our urban spaces healthier and more sustainable. I expect many cities and local authorities to follow their leadership, starting with more precise and local data. Airly is at the forefront of building this data infrastructure and our fight against air pollution, and we’re very proud to continue our support by co-leading their Series A” - says Brent Hoberman, co-founder and Executive Chairman of Founders Forum and firstminute capital. More than 10 million people die each year from air pollution. Exposure to air pollution increases the risk of stroke, dementia, heart disease, lung cancer and chronic respiratory diseases, with children particularly vulnerable. Last year, the World Health Organization tightened up on safe levels of air pollutants. Airly is the first platform worldwide to include the new index in its analytical tools and free-to-use community tools (incl. mobile app and web application). Stefania Ponzo, Partner at Pi Labs, commented: “ The ways in which towns and cities contribute to our health and wellbeing will shape how we live for years to come – and air quality plays a huge part in that. We believe Airly’s solution will become an essential tool in cities around the world, helping to improve liveability standards, reduce emissions, and ultimately, getting us closer to sustainability and wellness goals. We are excited at the prospect of partnering with a team that can truly go global with its impact.” About Airly Airly offers a comprehensive SaaS solution for air quality monitoring and control. It is possible by a proprietary low-cost distributed sensor network delivering hyper-local real-time air quality data. Airly provides governments, enterprises and communities decision-ready data on air quality. Airly enables organisations to monitor air quality, analyse trends and sources, develop targeted initiatives to combat pollution, and track improvements. Thanks to that, they’re supporting organisations in their journey to eliminate pollution, improve air quality and protect public health. Airly recently won a number of landmark public tenders such as London’s Borough Lambeth, Birmingham and one of Europe’s largest contracts with the City of Warsaw. Airly can build on a significant and ever growing customer base comprising over 600 local authorities. The company also cooperates with global brands such as JC Decaux, Bolt, E-on, Philips, Skanska and Veolia. For more information visit www.airly.org Contact Details Airly Marcin Gnat +48 507 416 727 m.gnat@airly.org Company Website https://airly.org/en/

November 10, 2022 07:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Volatus Aerospace Announces Closing of Synergy Aviation and iRed Remote Sensing Acquisitions

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to report that it has completed the acquisitions of Synergy Aviation of Edmonton Alberta, first announced on October 13, 2022 and iRed Remote Sensing of Emsworth, England, first announced on October 28, 2022. Synergy Aviation provides Volatus with a strong position in Oil and Gas infrastructure monitoring with the ability to introduce green drone technologies to provide a competitive advantage for growth in that sector. The addition of iRed reinforces the company’s offering in infrared inspection and expands its geographic presence in UK and Europe. “The addition of these two companies adds approximately $7.5MM in proforma revenue and $1MM in proforma EBITDA for the first nine months bringing Volatus proforma revenue to $30MM with a proforma EBITDA of ($1.63MM) for the first 3 quarter,” said Abhinav Signhvi, Chief Financial Officer for Volatus Aerospace. “The strong sales and positive EBITDA are particularly encouraging on the heels of our recently reported Q3 2022 revenue of $11.12MM with an EBITDA of $39,547.” “Our M&A strategy of adding accretive companies such as these to our portfolio provides added financial strength and strategic advantage consistent with our long-term vision,” added Glen Lynch, CEO of Volatus Aerospace. *Non-IFRS measure. Earnings before interest, taxes, depreciation and amortization ("EBITDA") should not be construed as alternatives to comprehensive loss or income determined in accordance with IFRS. EBITDA does not have any standardized meaning under IFRS and, therefore may not be comparable to similar measures presented by other issuers. The Company defines EBITDA as IFRS net loss excluding interest expense, depreciation and amortization expense. The Company believes that EBITDA is a meaningful financial metric as it measures cash generated from operations which the Company can use to fund working capital requirements, service future interest and principal debt repayments and fund future growth initiatives. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information.Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

November 10, 2022 06:30 AM Eastern Standard Time

1 ... 332333334335336 ... 593