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

Getir and Copia Reach Milestone Addressing Food Insecurity

Getir

In recognition of Hunger Action Day, rapid grocery delivery app Getir has reached a milestone of 80,000 pounds of food donated to Copia, a technology company that connects food donations to local not-for-profits in need. By diverting the 84,404 pounds of perfectly edible donated food from landfills, Getir donated 70,336 meals, reduced 377,284 pounds of C02 and saved 8,355,957 gallons of water. As Getir’s partner since March 2022, Copia – the world’s first end-to-end solution that addresses both food waste and hunger – has matched donated food from Getir storefronts in Chicago, New York City, and Boston, and delivered it to local nonprofits throughout each city. “ This is exactly the type of impact we wanted to have when we began partnering with Copia earlier this year,” said Langston Dugger, head of U.S. operations for Getir. “ At an inflationary time when food insecurity has only worsened, I’m proud of the hard work and commitment to this partnership by our storefront employees. The work continues. Our goal is to collaborate with the local actors, be an active part of the community and we always focus on the well-being of people. We are committed to the city and the country, and we would like to be part of the cycle, give back what we receive and contribute to improve the lives of those who need it most.” There is 3x more food produced for human consumption than there are mouths to feed, costing Americans more than $150 billion in food each year. Hunger is not a scarcity issue, but rather a logistics one. Getir and Copia’s partnership is a perfect example of how this problem can be solved, through technology. “ Hunger Action Month is a fantastic opportunity to celebrate the positive impact our donors are making, like Getir, to solve our very real hunger problem,” said Kimberly Smith, CEO of Copia. “ Witnessing how well received Getir’s efforts are amongst their communities, customers and employees is always a great honor for us.” Getir and Copia have formed local partnerships with nonprofit organizations to ensure the donations reach people who need it most - including the Salvation Army, The Bowery Mission (NYC), The Dwelling Place (NYC), Community Solutions of Illinois and the Boston Rescue Mission. " The Getir donations we've received have been amazing,” said Deborah Pollack, President of The Dwelling Place. “ They've included avocados, strawberries, an amazing amount of fresh fruit, and more. The items serve a very different and crucial component to our services by supplementing our pantry bags. These donations allow us to support many more from the community. People are so grateful because they are, in many cases, items they wouldn't be able to afford. The healthy items are great and our community members are so grateful. Thank you, Getir and Copia! " Hunger Action Month began on September 1st and includes Hunger Action Day on September 23rd, an opportunity for people across the country to work together to end hunger. About Getir: Getir is the pioneer of ultrafast grocery delivery. The tech company, based in Istanbul, has revolutionized last-mile delivery with its “groceries in minutes” delivery proposition, offering approximately 2,000 everyday items to its customers. Getir has operations in all 81 cities of Turkey, and launched operations in the UK, the Netherlands, Germany, France, Spain, Portugal and the United States in 2021. Getir is, first and foremost, a technology company that operates in retail and logistics. It was founded in 2015 by Nazim Salur (founder of BiTaksi, Turkey’s leading taxi app), Serkan Borancili (founder of GittiGidiyor, acquired by eBay in 2011), and Tuncay Tutek (ex-PepsiCo and P&G executive in Europe and the Middle East.) Learn more at www.getir.com/us. About Copia: Copia is helping people in need and reducing carbon emissions by making it easy and beneficial to reduce waste and donate surplus. Copia’s technology is the first fully automated waste tracking, prevention, and surplus redistribution platform. The easy-to-use app creates operational consistency and ensures that every donation is matched and delivered to a nonprofit in need. Through Copia’s robust and actionable data, food donors are better able to inform business decisions, celebrate positive social and environmental impact, write-off meaningful tax deductions, and show legislative compliance. Copia is not only making it simple and profitable for businesses to do the right thing, but they’re democratizing food access and equity for all. Contact Details Arielle Goren +1 212-717-5863 getir@kivvit.com Company Website http://www.getir.com/us

September 23, 2022 10:55 AM Eastern Daylight Time

Article thumbnail News Release

BingX Becomes the First Crypto Exchange to Offer Copy Trading Subsidy Vouchers

BingX

SINGAPORE - Media OutReach - 23 September 2022 - BingX, the leading social trading exchange, has become the first crypto platform to introduce copy trading subsidy vouchers. These help to cover losses for users. Copy trading allows inexperienced users to automatically copy positions opened and managed by other selected individuals. This enables users to trade beyond their level of expertise while empowering proficient traders to earn extra income by helping copiers. As the industry’s leading social trading exchange, BingX provides a robust environment where both copiers and traders can gather, communicate, and profit. The new subsidy vouchers for copy trading are designed to help users protect themselves from potential losses. As long as the user activates the copy trading subsidy vouchers, BingX will compensate any losses in the copy transaction (within the denomination of the card and coupon). This voucher works as a safety net and allows users to enter and exit positions with popular coins like BTC, ETH, MATIC, LUNC, OP, STG, PSG, ADA, SHIB, DOGE, CHZ, and IDO without the fear of incurring losses on their trades. Elvisco Carrington, PR and Communications Director, BingX said: " Copy trading is our unique product offering and we are always looking to improve beginners' trading experience. With the introduction of copy trade subsidy vouchers, new users can easily try out trading strategies without incurring losses. By pioneering new products that directly benefit traders, BingX can maintain its record for innovation.” BingX continues to explore novel solutions to create a better user experience. It will release version 3.14.0 of its mobile trading app for iOS and Android on 22 Sep. The latest version also includes a new feature in the Standard Futures section for viewing the trader’s current position, further improving the trading experience. About BingX Founded in 2018, BingX is a crypto social trading exchange that offers spot, derivatives, and margin trading services to more than 100 countries worldwide with over 3 million users. BingX connects users with expert traders and the platform in a safe, simple, and transparent way. Learn more: https://bingx.com/ Contact Details BingX Media Contact media@bingx.com Company Website https://bingx.com/

September 23, 2022 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

DealMaker announced as the 3rd fastest growing company in Canada

DealMaker

DealMaker, a leading digital capital raise platform, has been named Canada’s 3rd fastest growing company by The Globe and Mail Report on Business annual survey from over 430 qualifying companies analyzed. The Report on Business ranking of Canada’s Top Growing Companies ranks qualifying independent Canadian companies by the percentage of their revenue growth over three years. The full list of 2022 winners along with editorial coverage is published in the October issue of Report on Business magazine. The list is out now and online here. Founded by two lawyers in the capital markets industry, the Toronto-based FinTech has built an e-commerce-style digital platform that enables companies to easily raise capital online and market capital raises to the broader public. Co-Founders Rebecca Kacaba and Mat Goldstein came up with the idea for DealMaker in 2015 while running a startup practice in their law firm. “We saw a huge pain point in the market where our clients were suffering, where processes were expensive and obsolete, and it was ripe for disruption,” says Rebecca Kacaba, co-founder and CEO. “Our innovation is advancing the equity crowdfunding space by increasing access to capital to founders who previously have been under-funded while also providing pre-IPO investment opportunities for those not behind the gilded gates of Wall Street.” The DealMaker platform allows brands to tap into fundraising solutions beyond traditional venture capital, by using the internet to help companies to turn their customers and fans into shareholders. Also called Equity or Investor Crowdfunding, DealMaker’s software facilitates raising capital across a variety of offering structures, including Reg A, Reg CF, Reg D, OM and Private Placements. To date, DealMaker has processed over $1.6Bn in transactions and over 650,000 investments - more than any counterparts or competitor in North America. DealMaker’s technology was deployed in eight of the 10 largest online capital raises globally in the past 14 months. “What makes DealMaker truly unique is our focus on providing an end-to-end platform for merchants who are coming online to raise capital,” says Mat Goldstein, co-founder and Chief Strategy Officer. “From the initial identification of leads and prospects, our best-in-class conversion functionality, and even after the round is closed with our state-of-the-art transfer agent, DealMaker is a pioneer in developing the online relationship between companies and their shareholders. We aren’t just going to list an offering on a website - we are going to partner with you to develop an entirely new relationship with your stakeholders.” With a staff of over 124 employees spanning Canada, the US, and South America - DealMaker is the new market leader in online capital formation. The firm has recently announced a huge milestone in the industry, taking over from FundAmerica as the pre-eminent API-driven solution to raising capital online. DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions that includes equity crowdfunding, investor ranking algorithms, and data/analytical tools to support all capital raise types and all securities. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker works for their issuers: putting brands and founders back in control to run streamlined, successful capital raises. Its mission is to turn the process of raising capital into simple eCommerce. The company’s offices are located in Toronto, Canada, Austin, Texas and Tampa, Florida. Visit DealMaker.tech for more information. Contact Details DealMaker Natasha Jose natasha.jose@dealmaker.tech Company Website https://www.dealmaker.tech/

September 23, 2022 09:16 AM Eastern Daylight Time

Article thumbnail News Release

LanzaJet Affirms its Commitment to Scale Production of Sustainable Aviation Fuel to Accelerate the Energy Transition Globally

LanzaJet

Global leaders enabling the clean energy transition are attending the Clean Energy Ministerial and Action Forum in Pittsburgh this week. LanzaJet CEO Jimmy Samartzis is speaking on sustainable aviation fuel (SAF) and its critical role in accelerating the energy transition. LanzaJet, Inc. is a global leader in clean energy technology and production. The LanzaJet Process TM is a proprietary alcohol-to-jet technology which converts low-carbon ethanol into sustainable transportation fuels, including SAF and renewable diesel. LanzaJet is deploying its technology in the U.S. and globally, with the world's first ATJ biorefinery under construction in Georgia. LanzaJet CEO, Jimmy Samartzis, speaking at the Global Clean Energy Action Forum, stated, "The momentum to facilitate the energy transition today is unlike ever before, and we have alignment across public and private sectors to build new industries and ensure the longevity and vitality of existing ones." He continued, "We've believed that we're at an inflection point, and it's now obvious that we are – technology is scaling, government policy is increasingly in place, consumers are demanding, and financiers are investing. Now is the time to catalyze the energy transition." SAF is the aviation industry's primary solution for reaching net-zero carbon emissions by 2050. LanzaJet is partnering with investors, partners, and funders – All Nippon Airways, British Airways, LanzaTech, Microsoft, Mitsui & Co, Ltd., Suncor Energy, and Shell – to deploy its technology to rapidly increase the low-carbon supply of drop-in, SAF. LanzaJet's ambitions are anchored in more than 12 years of technology development and scale-up that started with LanzaTech and in partnership with the U.S. Department of Energy's Pacific Northwest National Lab (PNNL). LanzaJet has continued to make substantial progress: LanzaJet Freedom Pines Fuels, the world's first ATJ biorefinery in Soperton, GA, is expected to be operational in 2023. Alongside the White House in announcing the SAF Grand Challenge in 2021, LanzaJet announced it would strive to fulfill 1 billion gallons of the 3-billion-gallon U.S. target. Since 2020, LanzaJet has announced projects totaling 300 million gallons of SAF and renewable diesel per year including in the United States, the United Kingdom, Sweden, Central Europe, Canada, and Japan. The LanzaJet ATJ platform provides substantial flexibility by working with various technologies on the front end to create low-carbon ethanol and to continue to build a waste-based ethanol industry. All LanzaJet ATJ projects use low-carbon ethanol feedstocks including ethanol that leverages carbon capture and sequestration and sources such as woody waste, renewable energy, and industrial waste gases. The aviation industry is responsible for approximately 3% of global carbon dioxide emissions. In 2021, airlines across the globe together committed to reaching net-zero carbon emissions by 2050. Commercial aviation uses more than 100 billion gallons of fossil-derived jet fuel a year, with SAF accounting for roughly 30 million gallons in 2021. In 2021, LanzaJet committed to fulfilling one-third of the U.S. target by enabling the production of 1 billion gallons of SAF by 2030 using its industry-leading ATJ technology. As the U.S. prepares to launch its Sustainable Aviation Fuel Grand Challenge Roadmap, LanzaJet reaffirms its commitment and doubles down on its promise. Mr. Samartzis further noted, "As we prepare for the production of SAF in Georgia and elsewhere in the U.S., in addition to plants planned in Europe, we are setting the foundation for global deployment of LanzaJet's technology and widespread production of sustainable aviation fuel over the next several years. The public and private sectors are working together to build this new industry and to ensure a healthier planet for our children. We will work collectively to secure our nation's supply chain and accelerate the production and use of sustainable, low-carbon fuels for the aviation industry." Mr. Samartzis is speaking during the first-ever Global Clean Energy Action Forum, a joint convening of the 13th Clean Energy Ministerial and the 7th Mission Innovation ministerial, and is available to comment on the meetings and other issues around innovation, public-private partnership, clean energy, and SAF. About LanzaJet, Inc. LanzaJet, Inc. is a leading sustainable fuels technology company dedicated to accelerating the energy transition by embracing the circular economy. As a Sustainable Aviation Fuel (SAF) technology provider and a sustainable fuels producer patented technology, LanzaJet is creating an opportunity for future generations by accelerating the deployment of sustainable aviation fuel and other clean technology which is critical in addressing the climate crisis and transform the global economy. Further information is available at https://www.lanzajet.com/. Contact Details LanzaJet, Inc. Daniel Cherrin +1 313-300-0932 media@lanzajet.com Company Website https://www.lanzajet.com

September 23, 2022 08:23 AM Eastern Daylight Time

Article thumbnail News Release

OPPO Holds “Design in Tech” Workshop, Interpreting Innovative and Elegant Design Aesthetics of OPPO Products

OPPO

LONDON, UK - Media OutReach - 23 September 2022 - OPPO presented at the 2022 London Design Festival as the support partner and hosted Design in Tech Workshop interpreting the innovative and elegant design aesthetics of OPPO, and the mission to elevate life through technological artistry. Design professionals including Patrik Schumacher, Principal of Zaha Hadid Architects (ZHA), Professor Rama Gheerawo, Director of The Helen Hamlyn Centre for Design at Royal College of Art, and young creators shared their experiences, and discussed about the fusion of technology and design. During the festival, OPPO also holds OPPO Renovators 2022 exhibition, featuring classic product designs and the winning entries from Renovators Emerging Artists Project. OPPO pursues the synergy of aesthetic satisfaction and innovative technology to create elegant products As leading smart device brand, OPPO believes that the application of technology and product design ultimately returns to a combination of design aesthetics and core needs of users. OPPO is committed to connecting technology with people through elegant design and ultimately transforming cutting-edge technology into user-perceivable detail. “Technology for Mankind, Kindness for the World” is not only OPPO's mission but also OPPO’s response to future trends in technology and design. At the workshop, OPPO Design spokesperson Xi Zeng shared OPPO’s persistence in innovative and elegant design and its efforts to break through boundaries. The concept of “going over every possible technical obstacle in details and striving for simplicity and elegance in design” runs through OPPO’s product design process. “Product design embodies our emotions and ideals.” said Xi Zeng. In recent years, OPPO has continued to explore innovation in new form factors of smartphone. After several years of refinement and innovative breakthroughs, Find N brings the overall using experience of a foldable smartphone to a whole new level. Neil Monger, OPPO Product Marketing Manager, talked about the Find N’s golden ratio and waterdrop hinge design stories. To ensure that the screen of OPPO X 2021 rollable phone automatically retracts and extends smoothly as a picture scroll, structural engineers and designers have implemented several technical innovations into the rollable display and traceless design. This not only retains the thin appearance of the rollable display to greater extent but also proposes new possibilities for the future development of intelligent devices. OPPO is also dedicated to presenting elegant design and comfortable experience for users. OPPO ColorOS 13 was released in August this year. Its Aquamorphic Design draws inspiration from nature, integrating the inclusive and healing features of water into the visual language of the system to create a concise visual experience and user-friendly UI. The curves from nature also inspired OPPO's elegant product design. OPPO Find X5 series’ volcano-like back cover design mimics the curves of nature and is made of microcrystalline ceramic material, giving the rear design an organic feel for a natural tactile experience. Design Masters Gather at the V&A Museum to Discuss the Future of Technology and Design OPPO and Zaha Hadid Architects (ZHA) have been in partnership over the new OPPO headquarters project since 2020. As partners, Zaha Hadid Architects recognized OPPO's design principles and appreciated the coincidence in design insights between ZHA and OPPO. At the workshop, Patrik Schumacher, Principal of ZHA, delivered inspiring speech. As one of the most prominent thought leaders within the fields of architecture, urbanism and design, Patrik provided an insight into the ZHA's design philosophy and his understanding of the relationship between people, technology and design. He said that technology is absolutely fundamental to human freedom, to human prosperity on this planet. That’s the true dynamic for progress of this world. Professor Rama Gheerawo, an advocate of inclusive design, talked about the importance of inclusive design: “A core component of accessibility is the human reaction, such as the joy you feel when holding a phone with a comfortable, smooth tactile touch. That is a part of accessibility and a part of Inclusive Design.” Encouraging Art and Tech Innovations, OPPO Aims to Build a Global Community for Young Artists to Exchange Ideas and Grow In 2019, OPPO launched the Renovators Emerging Artists Project. By initiating a global competition, OPPO aims to empower young creators worldwide and encourage them to innovate through art and tech. During the London Design Festival, OPPO also held the Renovators 2022 Exhibition at the Cromwell Place. The artworks presented in the exhibition were from the 2022 Renovators global competition which ended in early September. After the workshop, participants also went to the exhibition area to enjoy the artworks created by young artists from more than 30 countries. The exhibition attracted a large number of visitors who were captivated by the imaginative and creative works of art and the exquisite designs of OPPO products. Participants of Renovators 2022 showed their unique thinking around topics such as smart living, low-carbon and environment protection, traditional culture inheritance, technology, human society development, and many others. OPPO hopes that young creators around the world will gain inspirational strength to overcome challenges, and maintain their passion for creation. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details OPPO International PR Team press@oppo.com

September 23, 2022 03:39 AM Eastern Daylight Time

Image
Article thumbnail News Release

Volt Inu (VOLT) Announces Listing on Bittrex Shortly After SHIB Joins the Exchange

VOLT

Volt Inu (VOLT)’s founders have recently announced the listing of the project’s token on Bittrex Global. This move comes soon after SHIB, another popular cryptocurrency, joined the exchange. The announcement happened via Volt Inu's official Twitter account. According to the tweet, the project went live on Bittrex on September 21st. A Fundamental Milestone in Volt Inu's Road to Success This listing is a significant development for Volt Inu, which has been working hard to increase its adoption and liquidity. The move will also boost the overall Volt project, which is still in its early stages of development. Since its launch, Volt Inu has quickly become one of the most popular digital assets in the space. The project's native token has seen a surge in demand from investors and traders alike. With the listing on Bittrex, Volt Inu is now available on one of the world's most popular cryptocurrency exchanges. This will undoubtedly increase the project's visibility and appeal to a broader audience. What Does SHIB's Recent Listing on Bittrex Mean for the Market? Bittrex is a US-based exchange that was born in 2014. The platform is among the most popular cryptocurrency exchanges in the world and offers a wide range of digital assets. The fact that Shiba Inu (SHIB) only recently joined Bittrex is a sign of the exchange's strict listing requirements. Bittrex only lists a handful of new assets each year. Therefore, the fact that SHIB was able to meet the criteria is a testament to the project's strength. Similarly, the fact that VOLT also joined Bittrex only 9 months after its launch is a sign of the project's progress. The listing on Bittrex is also a significant vote of confidence in the Volt project. The exchange is famous for its stringent listing criteria. Consequently, the fact that it has approved Volt Inu is a strong endorsement of the project's potential. VOLT's listing on Bittrex is a significant milestone that validates the project. This step forward will help it to gain more visibility in the crypto community. About Volt Inu (VOLT) Volt Inu ($VOLT) is a project built to provide its investors with a diversified way to invest in digital assets. At the same time, the initiative aims to let investors take advantage of the deflationary nature of its native token. Volt Inu's ($VOLT) primary focus is on alternative assets such as NFTs, nodes, altcoins, staking, and farming of stablecoins. This diversity allows investors to take advantage of the possible non-correlated growth of each asset class. The $VOLT token is hyper-deflationary, with a portion of profits from treasury investments used to buy back and burn tokens. This mechanism, combined with the team's experience, provides investors with a solid foundation on which they can grow their investments. Volt Inu's website and the social media pages listed below share more information and updates on this rapidly growing project. Twitter | Telegram | YouTube Contact Details Joe Evans contact@voltinu.in

September 23, 2022 02:27 AM Eastern Daylight Time

Image
Article thumbnail News Release

Is Screen Time Affecting Your Eye Health?

YourUpdateTV

A new partnership with the American Optometric Association (AOA), the leading authority on quality eye care and the gaming industry is underway to address the effects of prolonged screen time and its impact on eye health. AOA launched the first-of-its kind Screen Time Alliance with Nerd Street Gamers, a national network of e-sports facilities, events, and content, and Playcrafting, a game development company, to encourage Americans to get their eyes checked offline by a doctor of optometry so they can do more of what they love online. There are more than 227 million Americans who play video games1 and with gaming and screen time on the rise, so is the risk for long-term implications for people’s eye health. AOA’s 2022 Gamer Survey results revealed, the average gamer spends more than 8 hours a day on screens and has experienced various eye-related symptoms from gaming, including eye strain, headaches, dry eyes, and blurred vision. Further, many gamers are aware of the eye health implications for long-term screen time usage, but less than half (46%) visit a health care professional for a comprehensive eye exam every year. In-person eye exams by doctors of optometry are critical to identify vision and health issues as well as early signs of systemic diseases, such as diabetes, hypertension, autoimmune diseases, and cancers. As part of this year’s Eye Deserve More campaign, AOA is collaborating with optometrist Dr. Jason Compton, AOA member and gamer himself to encourage people to practice healthier screen time habits and be mindful of symptoms such as dry eyes and headaches. “It’s my job as an optometrist to get to know my patients’ habits and behaviors to create tailored recommendations to keep their eyes and overall body healthy, especially since comprehensive eye health is not a one-size-fits-all approach,” says Dr. Compton. “Whether you’re a pro gamer, Twitch streamer, casual scroller, or someone who spends all day working at the computer – it’s critical to see a doctor of optometry in person every year and adapt healthy gaming and screen time habits, like taking regular screen breaks and stopping any gaming activity at least one hour before bedtime.” To find Eye Health Guidance for Screen Time and to book an appointment with a local AOA doctor of optometry, visit AOA.org/EyeDeserveMore. About The American Optometric Association (AOA) The American Optometric Association (AOA) is the leading authority on and advocate for quality eye health care, representing more than 44,000 doctors of optometry, optometry students and optometric professionals. As the sole primary eye care provider in many communities across America, doctors of optometry are often a patient's first entry point into the health care system, and have extensive, ongoing training to examine, diagnose, treat and manage disorders, diseases, and injuries that affect the eye and visual system. Through a nationwide public health initiative, AOA's Eye Deserve More campaign is fostering awareness of the importance of eye health and vision care and the overall health benefits of in-person, comprehensive eye examinations with AOA doctors of optometry for all Americans. References: 1. Entertainment Software Association. February 2022. “2021 Essential Facts About the Video Game Industry.” https://www.theesa.com/resource/2021-essential-facts-about-the-video-game-industry/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

September 22, 2022 12:00 PM Eastern Daylight Time

Article thumbnail News Release

Hear What Analysts At CNN Business Are Saying About Sound Tech Developer WiSA

WiSA Technologies

The second quarter of 2022 may have been good for WiSA Technologies Inc. (NASDAQ: WISA). Revenue for the developer of spatial, wireless sound technology for smart devices and next-generation home entertainment systems increased by 67% from the first quarter of 2021. The company also reported revenue growth from $600,000 in the first quarter of this year to $900,000 in the second quarter, and the company expects this growth to continue even into the first quarter of next year, according to CEO Brett Moyer. “As anticipated, Q2 2022 revenue rebounded 67% from Q1 2022, and we expect an additional sequential revenue boost in Q3 2022,” Moyer said. “While it is difficult to predict end-market consumer spending in the all-important fall season, we expect sequential revenue growth for the remainder of 2022.” CNN Reports Positive Outlook For WiSA WiSA is looking to tap into the home theater industry— an industry projected to grow from $22.7 billion in 2021 to $27.24 billion in 2022 with further growth to reach $54.78 billion in 2026, according to a report by ReportLinker. This growth is likely due to the booming video streaming market which experienced an exponential increase in demand due to the pandemic. CNN Business’s analysis of WiSA stock predicts it will reach a median price of $4.50 and a high price of $5.50 in the next 12 months. The median price forecast would be an increase of over 600% through the forecast period. The analysis also predicts that third-quarter sales will reach between $1.2 million and $1.6 million, and sales for 2023 are expected to be between $10.5 million and $15 million. While the company’s earnings per share (EPS) for the third quarter this year is forecast at negative 22 cents, analysts at CNN Business remain optimistic - the consensus among three investment analysts polled by CNN Business is to buy the stock. WiSA attributes its revenue growth to module sales, audio systems sales, and licensing for its proprietary intellectual property (IP) and high definition television (HDTV) and other audio sources. The company's Wi-Fi-compatible modules are specifically designed for soundbars and are sold to leading speaker brands, including LG. In the third quarter, WiSA is planning a massive market expansion by partnering with more television makers. Just recently, the company announced the certification of two of Hisense’s smart TVs - the Hisense 2022 U7H and U8H series. WiSA also expects the integration of its WiSA discrete system (DS) technology by two partner companies to roll out in the fourth quarter of this year. WiSA’s Patents and Technologies WiSA boasts strong intellectual property in wireless multichannel audio. By the end of the second quarter, the company reported having a total of 25 issued patents, pending patent applications or patent filings. The company prides itself on having a number of technologies in its portfolio, including WiSA DS and WiSA HT technologies. WiSA says its DS technology features the Discovery transceiver, which delivers uncompressed 16-bit 48 kilohertz (kHz) - this definitely exceeds the sound quality offered by compact discs (CDs). WiSA DS technology seems to be performing strongly in independent testing and evaluation. The technology, which is specifically designed for soundbars, outperformed leading 5 GHz modules in an independent test performed by Novus Labs. Currently, 12 companies have 15 WiSA DS projects under consideration, with two planned to go into production in the fourth quarter. WiSA HT technology is eight channels of high-definition audio capable of transmitting and receiving uncompressed 24-bit 48/96 kHz sound over its dedicated wireless network. Its core applications include high-performance, multichannel home-cinema systems, speakers and speaker systems, and universal wireless audio transmitters using a high-definition multimedia interface (HDMI) or HDMI-enhanced audio return channel (eARC). Through its subsidiary WiSA LLC, WiSA also provides a wireless audio transmitter called The WiSA SoundSend that can seamlessly integrate with smart TVs. The SoundSend decodes Dolby Digital, Dolby Digital Plus, Dolby TrueHD, and Dolby Atmos audio formats from Dolby Laboratories Inc (NYSE: DBL) and supports up to eight channels of wireless audio. SoundSend also transmits uncompressed 24-bit 48/96 kHz sound with a 5.2-millisecond signal latency and one microsecond of synchronization. The audio transmitter was named the 2022 Top New Technology award winner in the Wireless A/V Solutions category. Member Brands More than 70 top manufacturers of consumer electronics have joined the WiSA Association. Many of them have launched products using WiSA’s technology including LG Electronics Inc., Hisense, TCL, Bang & Olufsen, JBL and Harman International, which are part of the tech giant Samsung Group. As a group, they have the opportunity to challenge Sonos ’ (NASDAQ: SONO) strong position in the marketplace. It gets even better. WiSA says its top-tier premium technology can address mass-market audio systems with a software roadmap to address a total market of more than 1 billion units - this is possible because the technology has been ported to more affordable low-cost internet-connected modules through the Internet of Things (IoT). For more information about WiSA, visit its website. WiSA Technologies (Nasdaq: WISA) develops, markets, and sells spatial audio wireless technology for smart devices and next-generation home entertainment systems. Its consortium the WiSA Association works with leading consumer electronics companies, technology providers, retailers, and industry partners to make spatial audio an experience that everyone can enjoy. The Company is headquartered in Beaverton, OR. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Camille Baptiste - TraDigital IR camille@tradigitalir.com Company Website https://www.wisatechnologies.com/

September 22, 2022 08:56 AM Eastern Daylight Time

Article thumbnail News Release

Inery Blockchain Closes Strategic Partnership and Investment with Truth Ventures Fund

Inery

Inery, a Decentralized Data System, has announced a partnership and an investment coming from Truth Ventures, uniting two companies on their path to streamline decentralized database adoption. Inery takes a different approach to decentralizing data and data management for both Web2 and Web3 companies, while streamlining the shift to the decentralized web. Its security, scalability features, and high throughput capabilities provide support to use cases across different industries. These include the healthcare sector, enterprises and governments, gaming, real estate, aviation, and any other business anywhere where data is an asset. “Inery’s real-world utility is what got us on the same page with Truth Ventures in the first place,” stated Inery Co-founder and CEO, Dr. Naveen Singh. “Truth Ventures firmly believes that Inery has the potential to revolutionize the way data is handled, both online and offline. This partnership will be an important factor in helping Inery reach its full potential and will help the push for mass adoption of decentralized databases in the conventional and Web3 spaces.” Inery’s layer 1 blockchain, and an elegant DB solution on top of it have attracted the attention of the blockchain industry from its inception, showing interest in database decentralization and security. The project rolled out its first public testnet on August 10, 2022, preceding its upcoming launch, and is also scheduled for listing at the end of the third quarter of 2022. “Truth Ventures saw and agreed with the vision and real-world utility of Inery and believes that it has great potential for mass adoption. The mutual goal of this partnership is aimed at making decentralized database management a standard instead of an outlier,” as per Mr. Varun Datta Founder & CEO of Truth Ventures. Truth Ventures had previously invested in and partnered with Bet Neo–a pioneering gaming hub, Gordium Healthcare, Moneto Sports, and many other new companies. About Inery Inery is a proprietary layer-1 blockchain and decentralized data management solution. The network enables a decentralized, secure, and trusted foundation for database management by leveraging blockchain technology. It integrates blockchain functionalities and distributed database properties to create a paradigm shift in data access, storage, and management. About Truth Ventures Truth Ventures is an international investment fund dedicated to bringing market-defining innovations and ideas into light by financing and mentoring them. The international venture capital firm finances companies at their seed stage, developing stage, or startups exhibiting potential for growth in the Entertainment, Blockchain Technology, Healthcare, and holistic wellness sectors. Contact Details TreeBee Communication Akhlaq Ahmad +91 98109 05699 akhlaq@treebeepr.com Company Website https://inery.io/

September 22, 2022 07:25 AM Eastern Daylight Time

1 ... 369370371372373 ... 581