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DataWeave joins Amazon Advertising Partner Network to help brands drive retail growth

DataWeave

DataWeave, a provider of AI-powered Brand Analytics solutions, today announced its status as a vetted partner in the Amazon Advertising Partner Network with the goal of supporting brands to optimize their digital advertising campaigns with actionable data insights. The Amazon Advertising Partner Network, and new Partner Directory, provides brands access to a global community of agencies and tool providers that can help advertisers achieve their business goals using Amazon Ads products. This collaboration is timely, as leading brands and retailers rely on DataWeave for global commerce insights to stay competitive. Amazon Ads’ partners help advertisers reach consumers by using Amazon Ads products like Sponsored Products, Sponsored Brands, and Sponsored Display. Amazon advertisers can apply DataWeave’s insights to benchmark and help consumers to discover their brand’s products with greater ease, optimizing digital shelf performance. “We are honored to join the Amazon Advertising Partner Network with the collective goal of enabling brands to optimize audience engagement at every stage of the decision journey, and improve return on marketing spend,” said Karthik Bettadapura, CEO and co-founder, DataWeave. “Our insights can help brands increase the visibility of their digital shelf with ads that reach and resonate with Amazon shoppers.” With more than 500 billion data points aggregated, DataWeave’s scale and digital insights expertise helps brands of all sizes evaluate and elevate their performance to fuel online retail growth. DataWeave's Digital Shelf Analytics solutions empower brands to make informed advertising decisions that drive product discoverability by gaining insights and measuring key performance indicators (KPIs) in the areas of Share of Search, Content Audits, Sales Performance and Market Share, Availability, Pricing, Promotions and Reviews. Brands can immediately see how they rank for organic and sponsored ad placement on the search result listing versus their competition. More global brands are seeking insights to boost their online sales and customer loyalty. DataWeave’s acceptance into the Amazon Advertising Partner Network enables Amazon advertisers to monitor and promptly respond to competitive and consumer online retailtrends in near real-time to stay agile and efficient. Learn more about DataWeave’s digital shelf analytics for brands. DataWeave is a leading provider of advanced sales optimization solutions for e-commerce businesses, consumer brands and marketplaces. The AI-driven proprietary technology and language-agnostic platform aggregates consumable and actionable Competitive Intelligence across 500+ billion data points globally, in 25+ languages, with insights to drive performance for more than 400,000 brands across 1,500+ websites tracked across 20+ verticals and ensure online performance is always optimized. Learn more about the power of big data and global level analytics in understanding the rapidly changing retail industry at DataWeave.com. Contact Details Meir Kahtan +1 917-837-3724 mkahtan@rcn.com Company Website https://dataweave.com

August 30, 2022 11:00 AM Eastern Daylight Time

Claravine Appears on the Inc. 5000 For Third Consecutive Year, With Revenue Growth of 265 Percent

Claravine

Inc. recently revealed that Claravine ranked on its annual Inc. 5000 list, the most prestigious ranking of the fastest-growing private companies in America. The list represents a one-of-a-kind look at the most successful companies within the economy’s most dynamic segment—its independent businesses. Facebook, Chobani, Under Armour, Microsoft, Patagonia, and many other well-known global brands gained their first national exposure as honorees on the Inc. 5000. "We're honored to be recognized on the 2022 Inc. 5000 List for the third consecutive year,” said Verl Allen, CEO of Claravine. “The past three years have been transformative for Claravine and being named to the Inc. 5000 is a testament to the incredible success of our clients and our world-class team. In the year ahead, we plan to focus on substantially expanding our integration library. Our goal is to be compatible with more major platforms powering digital advertising, including measurement solutions, creative optimization and content metadata.” The companies on the 2022 Inc. 5000 have not only been successful, but have also demonstrated resilience amid supply chain woes, labor shortages, and the ongoing impact of Covid-19. Among the top 500, the average median three-year revenue growth rate soared to 2,144 percent. Together, those companies added more than 68,394 jobs over the past three years. Complete results of the Inc. 5000, including company profiles and an interactive database that can be sorted by industry, region, and other criteria, can be found at www.inc.com/inc5000. The top 500 companies are featured in the September issue of Inc. magazine, available starting Aug. 23. “The accomplishment of building one of the fastest-growing companies in the U.S., in light of recent economic roadblocks, cannot be overstated,” said Scott Omelianuk, editor-in-chief of Inc. “Inc. is thrilled to honor the companies that have established themselves through innovation, hard work, and rising to the challenges of today.” Founded in 2012, Claravine empowers a proactive approach to data by activating standards across people and technology – bridging the silos that limit speed and decisions. The company has forged successful partnerships with well-known Fortune 1000 companies such as Under Armour and Ancestry and is currently working with a quarter of the Fortune 100. With a collaborative user interface and strategic integrations with top customer experience platforms such as Adobe and Google, Claravine's platform, The Data Standards Cloud®, helps global organizations define, apply and connect standards across their ecosystem for faster decisions, greater agility and increased ROI. In addition to being named to the Inc. 5000 list, Claravine is having a landmark year with milestones including an additional $16 million in Series B funding, and being named a 2022 AdExchanger Programmatic Power Player as well as a “Momentum Leader” and “High Performer” in the Summer 2022 G2 Rankings. About Claravine Claravine is a pioneer in data integrity for the global enterprise. We empower a proactive approach to data by activating standards across people and technology, bridging the silos that limit speed and decisions across digital experiences. That’s why 25% of the Fortune 100 use our platform, The Data Standards Cloud, to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. Claravine investors include Five Elms Capital, Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund and Silverton Partners. For more information, visit www.claravine.com. More about Inc. and the Inc. 5000 Methodology Companies on the 2022 Inc. 5000 are ranked according to percentage revenue growth from 2018 to 2021. To qualify, companies must have been founded and generating revenue by March 31, 2018. They must be U.S.-based, privately held, for-profit, and independent—not subsidiaries or divisions of other companies—as of December 31, 2021. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2018 is $100,000; the minimum for 2021 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons. Growth rates used to determine company rankings were calculated to four decimal places. The top 500 companies on the Inc. 5000 are featured in Inc. magazine’s September issue. The entire Inc. 5000 can be found at http://www.inc.com/inc5000. About Inc. The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference & Gala is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. For more information on the Inc. 5000 Conference & Gala, visit http://conference.inc.com/. Contact Details Kite Hill PR +1 704-960-2295 maggie@kitehillpr.com Company Website https://www.claravine.com/

August 30, 2022 10:02 AM Eastern Daylight Time

The Rise of EV Factories

Worksport Ltd.

There is no arguing that Detroit is the city that has “put the world on wheels,” but EVs are rapidly writing a new chapter in the history of the automobile industry. On their quest for electrification, established automakers like Tesla (NASDAQ: TSLA), General Motors (NYSE: GM) and many more are going full speed ahead as they aim to build EVs in the same locations that they get to sell them, due to their increased weight and transport-related complexities compared to their internal engine counterparts. These challenges are taking them south as it is also more convenient for battery production facilities to be geographically close to avoid supply chain and logistics issues. Most of the money heading south has come in since last year from established automakers such as General Motors, Hyundai and Ford Motors (NYSE: F) who announced last year it will build four factories as part of its gigantic EV push, spending $11.4 billion along with a supplier on three battery factories and a truck plant, resulting in 11,000 new jobs. Volkswagen (OTC: VWAGY) and Nissan Motor Co. Ltd. (OTC: NSANY) also continue to expand their operations in the south, mostly aimed at new EV production. Even EV startup Rivian Automotive Inc. (NASDAQ: RIVN) is expanding with the recent announcement of a new 650,000 square feet expansion that will make its total West Normal factory area exceed 4 million square feet. Not to forget about Tesla with its giga factory in Germany. The southern move and expansion of the Motor City comes with potentially controversial benefits such as all-in lower pay for workers, millions in tax breaks and a largely non-unionized workforce in many of the right-to-work states controlled by Republicans. There are also many challenges such as preservation of historic plantation farms, unearthing of slave burial grounds and opposition from locals who aren’t welcoming to industries that will result in heavier traffic. Meanwhile, an innovator of automotive aftermarket accessories and off-grid energy solutions, Worksport Ltd. (NASDAQ: WKSP) has expanded manufacturing operations by 222,000 square feet with its first North America facility to ensure their quality products reach customers rapidly and cost-effectively. This morning Worksport announced that it appointed a Plant Manager for its West Seneca, NY Manufacturing Facility. The new Worksport facility is a state-of-the-art facility in the Buffalo, NY suburb of Seneca, a monumental step as it allows the Company to establish a strategic presence due to nearby ports and distribution hubs, along with the proximity of the Canadian border. Bringing its production to the U.S. also empowers Worksport means “Made in USA” versions of its patented products, namely the SOLIS solar cover and Terravis Energy grid-connected fast chargers. After two-years of careful planning, Worksport is taking complete control of its production and sales pipelines for all its current and future products. Since the beginning of the year, it added a new facility, developed an eCommerce site and it is expanding its workforce to fulfill that goal. In order to determine how many units of SOLIS, its proprietary solar truck bed tonneau cover, and COR, its portable energy storage nanogrid system, would be needed for initial manufacturing, which is expected to begin in the fourth quarter of the undergoing year at the West Seneca, NY facility, presale efforts were needed. The Company recently announced presales that are expected between US$350,000-$450,000 in unrealized revenue. Pioneering a very large market filled with passion for improving lives and providing help where it’s needed the most, Worksport aims to lead the energy technology revolution. According to its mission, Worksport is here to contribute to a greener world by capitalizing on the growing shift of consumer mindsets towards clean energy with its proprietary solar and green hydrogen-based technologies. Worksport has also joined forces with the Hyundai America Technical Center, Inc. (“HATCI”) to manufacture prototypes of SOLIS and COR for Hyundai automotive products. Together, SOLIS and COR are expected to significantly transform both the internal combustion engine and electric-powered vehicles, as it empowers them to become mobile solar power generation systems capable of forming portable nanogrids, producing and storing power anywhere, anytime. We will see what developments the future will bring, but one thing is for sure, companies around the world from Tesla, GM Volkswagen, Nissan and Worksport are not sitting on their hands. About Worksport Ltd. Worksport Ltd. (Nasdaq: WKSP), through its subsidiaries, designs, develops, manufactures, and owns the IP on a variety of tonneau covers, solar integrations, and NP (Non-Parasitic), Hydrogen-based true green energy solutions for the sustainable, clean energy, and automotive industries. Worksport Ltd. seeks to capitalize on the growing shift of consumer mindsets towards clean energy integrations with its proprietary solar solutions, mobile energy storage systems (ESS), and NP (Non-Parasitic), Hydrogen-based technology. About Terravis Energy, Inc. Terravis Energy, Inc. designs, develops, and manufactures clean, green energy solutions that power lifestyle markets, with each segment of the company feeding into the derivation of the brand itself – Latin for “Earth” and “Force”. The company foresees the future of the electric vehicle markets and sustainable energy markets through multiple lenses. Its Non-Parasitic Electric Vehicle (NPEVTM) fast charging platform which combines ultra-efficient hydrogen fuel cells with solar to create completely carbon-free charge points that can re-energize Battery Electric Vehicles. Its Terravis Nanogrid™ which is designed to power houses and is modular where excess power can be directed toward utilities such as crypto mining. Its Terravis Microgrid™ system, composed of a number of Terravis Nanogrid™ systems, can power data centres and entire communities. Its Terravis Wall-e™ platform is a standalone power backup system for homes in cases of power failures, as well as a “power guardian” that can be used in conjunction with the Terravis Nanogrid™. For additional information, please contact: Steven Obadiah Business Development Manager Worksport Ltd. T: 1-(888) 506-2013 E: investors@worksport.com W: www.worksport.com Forward-Looking Statements The information contained herein may contain “forward‐looking statements.” Forward‐looking statements reflect the current view about future events. When used in this press release, the words “anticipate,” “believe,” “estimate,” “expect,” “future,” “intend,” “plan,” or the negative of these terms and similar expressions, as they relate to us or our management, identify forward‐looking statements. Such statements include, but are not limited to, statements contained in this press release relating to the view of management of the Company concerning its business strategy, an up listing to a national exchange, future operating results and liquidity and capital resources outlook. Forward‐looking statements are based on the Company’s current expectations and assumptions regarding its business, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict. The Company’s actual results may differ materially from those contemplated by the forward‐looking statements. They are neither statements of historical fact nor guarantees of assurance of future performance. We caution you therefore against relying on any of these forward‐looking statements. Factors or events that could cause the Company’s actual results to differ may emerge from time to time, and it is not possible for the Company to predict all of them. The Company cannot guarantee future results, levels of activity, performance, or achievements. Except as required by applicable law, including the securities laws of the United States, the Company does not intend to update any of the forward‐looking statements to conform these statements to actual results. No Stock Exchange or Regulation Services Provider accepts responsibility for the adequacy or accuracy of this release. Contact Details Worksport LTD Steven Obadiah +1 888-506-2013 investors@worksport.com Company Website Https://www.worksport.com

August 30, 2022 09:45 AM Eastern Daylight Time

Provana Partners with Finexus Insurance Agency to Provide Property & Casualty Insurance Benefits to Customers

Provana

Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a partnership with Finexus Insurance Agency to provide clients with greater access to property and casualty insurance offerings, including potential discounts for users of Provana’s compliance solutions. Finexus Insurance Agency, LLC is a leading provider of property and casualty insurance to collection industry companies across the country, founded by industry veteran, Katie Zugsay. Ms. Zugsay is an attorney, previously serving as Corporate Counsel and Chief Compliance Officer at a top collection agency and as Client Service Executive at one of the largest insurance agencies in the country, where she helped craft bespoke coverage plans for publicly traded financial services clients. She founded Finexus to bring highly customized, top-notch service to collection agencies, helping insurers better understand the unique compliance investments agencies have already put in place. The result is right-sized insurance coverage, often at a reduced cost. “Katie’s experience within the collection industry makes her an invaluable and highly effective advocate for our compliance clients,” said Shubham Bhargava, Head of Compliance Solutions at Provana. “Her expertise will enhance the value we’re able to deliver to our users, with the goal of delivering discounted insurance rates for their adoption of Provana.” “Provana is the industry expert when it comes to compliance, and their clients deserve to be fairly compensated for adopting advanced technology that reduces their risk exposure,” said Katie Zugsay, Chief Executive Officer at Finexus. “This benefit is the first of its kind, and we’re excited to deliver innovative compliance and insurance offerings to organizations within the accounts receivables management industry.” Benefits for collection law firms Collection law firms are a top target of cyber-attacks. Finexus can help Provana’s law firm clients by maximizing quote options and minimizing declinations and restrictions from cyber carriers. This is especially timely, given the FTC Safeguard Act will likely go into effect for law firms beginning December 9, 2022. Benefits for debt buyers and collection agencies Debt buyers and collection agencies who are IPACS clients can now work with Finexus to ensure their organization, in addition to their vendors, have the necessary coverage to safeguard sensitive customer information at the right cost. About Finexus Insurance Agency, LLC Finexus helps facilitate trust and understanding between insurers and the insured, while helping clients understand the important coverages they’ve purchased. Finexus’ agent and broker team has access to an expansive list of insurance carriers who are ready to write competitively priced coverages for collection agencies, providing clients with enhanced options and negotiating leverage. Finexus focuses on property and casualty insurance coverages, including workers compensation, E&O, directors and officers, cybersecurity, crime, employment practices liability, and bonds. For more information, visit www.finexusins.com or call 1-800-831-6018. About Provana Provana is a SaaS platform that gives leaders control over process-intensive operations. We serve law firms, insurance companies, accounts receivable agencies and networked enterprises in the US market that are tightly regulated by the CFPB and other authorities. Provana is built on decades of experience in machine learning and natural language processing and helps customers manage sensitive interactions, analyze unstructured data, process personal information and ensure compliance. Provana is backed by a NYC-based Fintech PE, most recently raising funds in November 2020. Learn more at www.provana.com. Contact Details Britney Schaeffer +1 469-774-2409 britney.schaeffer@provana.com Company Website https://www.provana.com/

August 30, 2022 08:05 AM Central Daylight Time

EzFill Reports 103% Year-Over-Year Revenue Growth In First Year of Mobile Fuel Deliveries

EzFill Holdings Inc.

Learn More about EzFill Holdings, Inc. by gaining access to the latest research report. EzFill Holdings Inc. (NASDAQ: EZFL) released its second-quarter financial results this month, revealing 103% year-over-year revenue growth and other exciting updates. Despite rising oil prices and major supply chain disruptions across oil and gas markets, EzFill doubled its revenue year over year from $1.85 million in the second quarter of 2021 to $3.76 million for the same period this year. While other similarly sized fuel-distribution companies also saw year-over-year growth, few managed to double revenue as EzFill did. Sunoco LP (NYSE: SUN) came close with 77% YoY growth in revenue, while Arko Corp. (NASDAQ: ARKO) and UGI Corp. (NYSE: UGI) reported 32% and 33% increases, respectively, in their most recent quarters. Here’s what drove the growth and how EzFill plans to keep that strong momentum going through the rest of the year. Fuel Deliveries Commenced For EzFill’s Pioneering On-Demand Mobile Fuel Service In EzFill’s first quarter, the company officially began mobile fuel deliveries to its base of mostly commercial customers. Unlike other distributors that store fuel at gas stations, EzFill uses a fleet of trucks to deliver gasoline, diesel and specialty fuels to customers wherever they are. Customers download an app, schedule delivery at their location, and a certified technician fills their tank wherever their car (or truck or boat) is parked. The convenient service allows individuals to skip the gas pump while commercial customers can schedule refueling during off hours so that they can start the day with a fully fueled fleet of vehicles. High Demand From Commercial Customers Gallons delivered rose 34% from the first quarter, while the company added about 40 new fleet customers with an estimated demand of approximately 1.2 million gallons per year. This demand from commercial customers accounts for the majority of its growth to date and the EzFill continues to sign agreements with major corporate customers across southeast Florida. Expansion Into New Territory And New Market Segments As a pioneer of the emerging mobile fuel-delivery industry, EzFill is still mostly serving Miami, where the company is based. However, this year, it added markets in West Palm Beach, Tampa and Orlando. Meanwhile, it’s adding new trucks and technicians to its fleet to keep pace with rapidly growing demand and making plans to deploy its service in cities across the United States, including in New York, Texas and Georgia. One of its priorities in the coming months will be raising brand awareness among residential customers and boat owners to increase its share of individual customers. Earlier this year, it announced Miami Heat star Victor Oladipo is its brand ambassador to promote the on-demand fuel app to his audience. EzFill is a leader in the fast-growing mobile fuel industry, with the largest market share in its home state of Florida. Its mission is to disrupt the gas station fueling model by providing consumers and businesses with the convenience, safety, and touch-free benefits of on-demand fueling services brought directly to their locations. For commercial and specialty customers, at-site delivery during downtimes enables operators to begin their daily operations with fully fueled vehicles. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR- John C. McNamara john@tradigitalir.com Company Website http://www.ezfl.com

August 30, 2022 08:00 AM Eastern Daylight Time

As Online Payments Skyrocket, This Company Reportedly Solidifies Its Speed And Certification

USIO

An automated clearing house (ACH) is an electronic network capable of carrying out different types of money transfers between banks. As the primary method of electronic payment available to both institutions and individuals, ACH payments dominate, with over 7 billion transfers made in the first quarter of 2022 alone. While consumer bill payment is still the largest percentage of ACH transfers, there are a whole host of ACH categories, including business-to-business (B2B), direct deposit, and person-to-person. Companies working in the ACH payment industry include Block Inc. (NYSE: SQ), National Processing, and PaymentCloud. ACH transfers can either be made as credit or debit payments and since 2016 there is the option for money to be fully transferred on the day of payment. Security checks often mean the transfer can take several days, and while the majority of transfers remain multi-day, the National Automated Clearing House Association (NACHA) reported that some of the greatest growth is in same-day payments, suggesting that delivery speed is an important consideration in the rapidly expanding digital market. One company looking to take advantage of the spurt in same-day ACH payments is Usio Inc. (NASDAQ: USIO). Usio describes itself as among the first fintech companies able to achieve same-day delivery of funds at a rate considerably cheaper than credit card transfers. It also touts a NACHA Third-Party Sender certification, a voluntary certification that serves as an indicator of the companies striving to provide top-quality payment solutions. Safe, Certified, Same-Day? Usio’s ACH Service Usio is a cloud-based, broad-industry fintech company that offers a variety of payment solutions to businesses, nonprofits, and government agencies. Its services include payment facilitation (PayFac), prepaid card issuing, card processing, and ACH payments. Usio especially looks to serve clients seeking B2B transactions, disbursements, and bill payments. Its website claims to employ multiple originating financial depository institutions (OFDIs) to painlessly transfer money, arguing that its ACH system makes transferring funds both simpler and cheaper, while its NACHA certification guarantees the highest level of compliance. Usio claims to have a strong profit margin on each transaction, with ACH payments now making up 24.9% of Usio’s revenue. It also announced an increase, on average, of 23% across all categories of ACH payments from the first quarter of 2021 to the same period in 2022. Its growth in ACH transactions is coming at a time when the company is expecting to report record expansion in its electronic payment and financial processing, according to an April 26 press release. It has seen a total increase of 18% in dollars processed from the first quarter of 2021 to 2022, processing a record $2.4 billion for the second quarter of 2022. To learn more about Usio, visit its website https://usio.com/. Usio, Inc. is a tech-enabled payment solutions provider to merchants, billers and software companies. We provide an extensive set of tailored products to deliver world-class payment acceptance, processing, and risk/fraud management. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Joe Hassett +1 484-686-6600 joeh@gregoryfca.com Company Website http://www.usio.com/

August 30, 2022 08:00 AM Eastern Daylight Time

InsurAce Announces $12 Million Insurance Payouts To 155 Victims Of Terra $UST Crash

InsurAce.io

When the Terra $UST algorithmic stablecoin de-pegged in May 2022, many feared that the crash would lead to a systemic crash of the entire cryptocurrency industry. Dan Thomson, the Chief Marketing Officer of leading DeFi platform — InsurAce, recounts how their prompt insurance payouts to over 155 victims who lost funds in the crash helped to sustain investor confidence in DeFi at such a critical period. On May 6, 2022, news broke on major crypto channels that the algorithmic stablecoin Terra- $UST had lost its peg, leading to widespread investor panic. And within an eventful 48 hours between May 12 to May 13, 2022, the price of the then $18 billion MarketCap algorithmic stablecoin Terra USD ($UST), which was supposed to maintain a $1 peg, fell below 35 cents on May 9. Its sister token, $LUNA, which was meant to stabilize $UST's price, fell from $80 to near zero. No thanks to this catastrophic collapse of the Terra Ecosystem, thousands of investors scattered all over the world lost over $40billion — consequently, the DeFi world threatened to fall apart, until Stablecoin De-Peg Covers came to the rescue. What is Stablecoin Insurance? Stablecoins are special digital assets that play the traditional role of money in the blockchain world. They are cryptocurrencies that have their value pegged to a specific fiat currency or in some cases, a basket of currencies. When designing stablecoins, issuers have to navigate the trilemma of decentralization, security and stability to find the optimum reserve mechanism to back up their tokens. Asset-backed stablecoins are more stable, they are often largely centralized. And this means that users may be exposed to vulnerabilities from a single point of failure as well as censorship & restrictions from regulators. And while algorithmic & crypto-backed stablecoins are more secure and decentralized, even when they are overcollateralized run a major risk of de-pegging during adverse market conditions. To mitigate these risks, DeFi protocols have created Stablecoin De-peg Covers to protect stablecoin users and investors from certain de-pegging events. InsurAce was one of the DeFi protocols that made the most impactful responses to the recent high-profile stablecoin de-peg that occurred on the Terra ecosystem. During a recent interview InsurAce’s CMO Dan Thomson revealed how the DeFi protocol’s timely intervention helped to salvage the situation. “The main reason that our response was effective was because of how timely and efficient it was,” said Thomson. “On May 13, barely 48 hours after the $UST de-peg event, we released a statement to the press, to set the loss Claim process for $UST investors in motion. We published a user guide that provided clarity on Coverage specifications and Claims Eligibility. With a 7-day claims window, we set a goal to provide instant support to victims and send out a reassuring statement to the rest of the DeFi world.” he added. How InsurAce Reacted to the $UST Crash With a streamlined claims process, InsurAce drew praise globally for providing timely intervention for $UST investors who had covered their $UST stablecoins with InsurAce. The rapid response from InsurAce helped restore investor confidence in DeFi as users were quickly made whole in the midst of a terrible market-wide fallout. Summary: Total Covers Sold: 234 Total Cover Amount: $22,158, 820 Total Claims: 173 Total Claim Amount (USD): $12,474,477.84 Total Number of Rejected Claims: 18 Total Value Deducted From Luna Drop (USD): $177,692 Total Claim Amount After Deductions (USD): $11,730,758.24 InsurAce — $UST De-peg payout summary More significantly, an in-depth look into the on-chain claims data showed that InsurAce took a significant hit in the process. According to an updated report published by the protocol’s Advisory Board, the protocol has estimated ~$11.7million in $UST de-peg claims. Having collected only $94,000 in premium payments, such a high-margin rate of successful claims payouts showed that the platform had put in place remarkable risk management strategies prior to the De-peg risk crystallization. When asked about how the decision-making process for the payouts, Thomson explained that the InsurAce deployed a community-driven approach, with its independent native governance token ($INSUR.) holders executing the claims assessment process. “The decentralized voting was conducted by InsurAce’s community of Claims Assessors who hold and stake $INSUR Tokens. And at the conclusion of the Voting process, they approved a total of 155 $UST de-peg Cover claims and 18 rejected as not ineligible in line with the Stablecoin de-peg Cover terms and conditions.” Thomson continued. Compensation for the Ecosystem Investors and Stakers When asked how InsurAce plans to compensate its underwriters for their role in the $UST De peg event, Thompson responded by saying that InsurAce has since unveiled a Stakers Compensation Plan to help reduce losses to the protocol’s underwriters that have had their assets used as part of the $UST payouts. “In addition to improving our risk management strategies, we have put some plans in place to mitigate the losses incurred by stakers. Over the next 12 months, A fixed sum will be paid into an on-chain pool from which stakers can withdraw their compensation. The staggered approach will help us ensure that we can help stakers to earn back some of their losses, whilst maintaining healthy liquidity in the InsurAce protocol.” Thomson concluded. The $UST crash remains one of the greatest tests for DeFi as a whole, mitigated in part by safety nets from protocols and underwriters that work hard to defend the space. With the presence and unrelenting efforts of protocols such as InsurAce to protect users in the space, DeFi is fast evolving into an increasingly safe, sound and sustainable global alternative to traditional finance, one where individuals have greater control and autonomy over their finances. About InsurAce InsurAce.io is a leading decentralized multi-chain protocol that provides reliable, robust and secure risk protection services to DeFi users, allowing them to protect their investment funds against various risks. With InsurAce.io, users can rely on: Unbeatable Low Cover Premiums Cross-chain Coverage Multi-chain Accessibility Sustainable Investment Returns Since its debut in April 2021, InsurAce.io has built a full-spectrum cross-chain product line that covers 140+ protocols, 3 CEX and 1 IDO platform running on Ethereum, as well as Solana, BNB Smart Chain, Polygon, Fantom, Gnosis, Arbitrum, Avalanche, Harmony, Celo, Cronos, Boba, ICON, Ontology, Moonriver, Moonbeam, Bifrost, Aurora and Optimism. InsurAce.io currently has a live product deployed on Ethereum, BNB Smart Chain (BSC), Polygon and Avalanche. InsurAce is led by founders Oliver Xie, Sum Wu and Dan Thomson (@vagrantcrypto) with a globally distributed team of insurance and web3 experts. Links: InsurAce.io Twitter.com/InsurAce_io Docs.InsurAce.io Linktr.ee/InsurAce InsurAce.io is a leading decentralized multi-chain protocol that provides reliable, robust and secure risk protection services to DeFi users, allowing them to protect their investment funds against various risks. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details InsurAce.io Dan Thomson, CMO contact@insurace.io Company Website https://www.insurace.io/

August 30, 2022 05:41 AM Eastern Daylight Time

OPPO Teams Up with Spotify for Smart and Customized Music Experiences in ColorOS 13

OPPO

SHENZHEN, CHINA - Media OutReach - 30 August 2022 - Global leading technology company OPPO today announced a new partnership with popular audio streaming platform Spotify, to create an all-new simple and customizable music experience on OPPO smartphones through its latest ColorOS 13 Android-based Operating System. Smart Always-On-Display supports Spotify controls and information display With the Spotify app fully integrated with many new smart features in ColorOS 13, listeners can now enjoy music, podcasts and audiobooks with easier access and convenient control over the Spotify app on the home screen of their OPPO device in markets where listeners may register for and use the Spotify service. This includes: Smart Always-On-Display (AOD) ：The AOD gives Spotify listeners a whole new way to keep their music, podcasts and audiobooks at their fingertips. Spotify users can now know what Spotify content is currently playing simply by glancing at the AOD and double-clicking on the music control panel, without the need to wake the device up. The AOD integration also allows users to access and control playback of their favorite audio content from Spotify and access Spotify content recommendations - all without unlocking the device. Shelf ：The new Shelf feature in ColorOS 13 includes an in-built Spotify Card containing Spotify content recommendations and through which users have access to their favorite music on the Spotify app just a slide away. In-built Spotify Card in Shelf in ColorOS 13 Home Screen Widgets: The Spotify widget can also be added to the ColorOS 13 home screen to provide quick and easy access to the Spotify app. Spotify widget on ColorOS 13 home screen Clock [1]: An alarm integration in the ColorOS 13 Clock app enables users to wake up every morning to their favorite Spotify tracks, playlists and podcasts. Spotify alarm integration in the ColorOS 13 Clock app “Our partnership with Spotify represents a new exploration into the possibilities of smartphone operating systems,” said Gary Chen, Head of OPPO Software Product. “Through smart, convenient, and human-centric features developed with our partners, we are bringing a more intelligent and efficient operating system to users, enabling them to spend more time enjoying music and the other most-loved features on the OPPO smartphones.” Ian Geller, Global Head of Consumer Business Development at Spotify said, “At Spotify, we’re always working to offer our users the best listening experience out there. Through our partnership with OPPO, we aim to elevate the Spotify experience through OPPO ColorOS 13’s smart and human-centric features, delivering value for existing and new consumers of both brands”. ColorOS 13 is the latest Android-Based Operating System from OPPO. Designed for simplicity and comfort with its Aquamorphic Design, ColorOS 13 features a series of smart and intelligent features that include Multi-Screen Connect, Meeting Assistant, Smart AOD, and Home Screen Management. Based on the Android Operating System, ColorOS provides exclusive, intelligent and user-friendly experiences to over 500 million global monthly active users. It is available in 67 languages, including English, French, Spanish, and Hindi. [1] Spotify alarm integration in the ColorOS 13 Clock app will be available with further OTA updates after September 15th. 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. About Spotify Spotify transformed music listening forever when it launched in 2008. Discover, manage and share over 80 million tracks, including more than 4 million podcast titles, for free, or upgrade to Spotify Premium to access exclusive features for music including improved sound quality and an on-demand, offline, and ad-free music listening experience. Today, Spotify is the world’s most popular audio streaming subscription service with 433m users, including 188m subscribers, across 183 markets. Contact Details OPPO Media Contact press@oppo.com

August 30, 2022 05:00 AM Eastern Daylight Time

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Lightnet bags $50 million capital commitment from LDA Capital to Boost Velo Blockchain Technology

Lightnet Group

SINGAPORE - Media OutReach - 30 August 2022 - The Lightnet Group ("Lightnet”) announced today it has secured a $50 million capital commitment from LDA Capital Ltd ("LDA”) to grow its infrastructure, operations, and expand its technological partner’s (Velo Labs Technology) blockchain technology. Lightnet will have the option to increase the $50 million to a total commitment of up to $100 million over the next three years. The funds will be utilized to facilitate web 3.0 payment and blockchain ledger-based remittance services focused across Asia Pacific and globally around the world. “Lightnet's next generation financial infrastructure, along with Velo Labs’ disruptive technology, will be the future rails for dynamic and regulated markets providing financial mobility and inclusivity across Asia,” commented Warren P. Baker III, Managing Partner and Co-Founder at LDA Capital. This investment will allow the Lightnet Group to boost growth in the payment and remittance space, expanding operating corridors and opportunities, obtaining licenses - enabling a transition of existing payment and remittance systems towards new technology and building the #1 CeDefi banking network in Asia through its licensed subsidiaries and its continuously growing number of partners. LDA’s capital commitment will also be utilized to increase internal operations including hiring of employees from around the globe to support the expansion of Lightnet’s ecosystem. Lightnet also intends to utilize part of the funds to develop Velo Lab’s existing technology and contribute to the growth of Velo anchors, remittance partners and liquidity providers, and assist the blockchain company with enhancements of its team by hiring key management officers and developers. “We’re thrilled with this partnership and are so glad that LDA Capital recognizes the value of the new generation remittance services. This investment will allow us to grow and expand our infrastructure, which partners can participate in and grow business solutions. Our unique architecture makes the solution accessible and attainable for anyone to adopt the service.” stated Tridbodi Arunanondchai, Co-Founder & CEO of Lightnet. The Lightnet Group is a Singapore headquartered fintech group with several licensed subsidiaries around the globe dedicated to improving the lives of the unbanked and underbanked populations throughout Asia Pacific, through its revolutionary advancement in cross-border remittance infrastructure. Leveraging technology from Lightnet’s close partner Velo Labs, the project intends to be the first, real-time blockchain settlement flow for remittance and payments between Money Transfer Operators (MTOs) and banking institutions under regulatory supervision and support. The group intends to pilot programs that enable remittance backed by distributed ledger technology through multiple channels including the use of stable coins, bypassing the traditional SWIFT settlement process and thus reducing the need for high costs of pre-funding that currently dominates traditional cross-border payment flows. The goal of this project is to demonstrate how the emerging blockchain technology offered by companies like Lightnet’s technology partner Velo Labs can be used in harmony with Lightnet’s existing infrastructure, to enhance and complement remittances in a regulated and secure environment. Additionally, with the assistance of Velo Labs cutting-edge technology, who are focused on building plug-and-play, blockchain-based remittance solutions, Lightnet will effortlessly be able to connect to a multitude of payment partners across the globe, making the remittance ecosystem and payment options more affordable and accessible to businesses and customers alike. About Lightnet Group Lightnet Group is a Singapore-headquartered fintech group with the mission of promoting financial mobility and inclusivity. Lightnet Group empowers unbanked populations and SME trade finance with an inclusive international remittance ecosystem. The Lightnet Group's international remittance ecosystem adopts, in parallel to existing and traditional documentation and process, the Velo Protocol as its blockchain transaction documentation protocol and positions itself as the premiere clearing and settlement network for the Asia Pacific region by connecting existing financial systems with its network of cash agents and wallets. To learn more, please visit www.lightnet.io About Velo Labs Velo Labs is using blockchain technology to develop a global settlement network that empowers financial institutions to provide secure, near-instant cross-border payments at low cost for individual and business customers. Velo Labs is working to improve access to efficient financial services by developing key technologies that allow for the seamless transfer of value across-borders. To learn more, please visit www.velo.org About LDA Capital LDA Capital is a global alternative investment group with expertise in cross border transactions worldwide. Our team has dedicated their career to international & cross border opportunities having collectively executed over 250 transactions in both the public and private middle markets across 43 countries with aggregate transaction values of over US$11bn. For more information, please visit www.ldacap.com. For inquiries please email: info@ldacap.com Contact Details Helena Ma helena.ma@ideacommunication.co

August 29, 2022 08:00 PM Eastern Daylight Time

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