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

Top Fashion Brands Use AI-Driven Omnichannel MySizeID And Naiz Fiz To Deliver The Right Size The First Time Around

MySize, Inc.

By Ernest Dela Aglanu, Benzinga Shopping for clothing online, while convenient, can at the same time be very difficult, especially because the buyer can't try the clothes on first. All too often, they may receive apparel that doesn't fit – sometimes marring an otherwise great experience. A survey conducted by Power Reviews revealed that clothing topped the list of items returned by customers who purchase online. Clothing led with 88% returns, followed by shoes at 44%, and electronics at 43% as the most returned product categories. The survey further explained that the top three reasons people gave for returning an item were that it didn't fit (70%), the item was damaged or defective (65%), or the item didn't match the description (49%). These fit-related problems are costing retailers worldwide $642.6 billion, and only 48% of returns can be resold at full price. Even worse, an estimated 5 billion pounds of returns end up in landfills. To help solve this nagging problem and ensure customers receive clothing and other items that fit, MySize Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA), an omnichannel e-commerce platform and provider of artificial intelligence (AI)-driven measurement solution, has been partnering with a growing list of top retailers. Since 1999, the company has developed products such as MySizeID and recently acquired Naiz Fit to enhance customers' shopping experience by helping them find the perfect fit while driving revenue growth and reducing costs for its business clients. MySize says it is helping fashion brands and retailers use AI to create virtual try-on experiences. Now, customers can use their smartphones to create a profile and then virtually try on different clothing items. Top Fashion Brands Are Using MySize Technology Interestingly, some big brands have adopted MySize AI-driven measurement solutions to enhance customer experience while maximizing profits, serving as a testament to the quality of their product. In May last year, Denim brand Levi Strauss & Co. (NYSE: LEVI) revealed that it was adding more digital tools like MySize technology to help customers find the right size jeans as part of its mandate to grow direct-to-consumer sales. The company said it would implement two new digital fit features to its site: a predictive fit algorithm and a photo bank of products on people of different body types. Forint S.p.a., a leading Italian maker of uniforms for customers including the Vatican, Italy’s Presidency, and the Senate, in December 2022, selected the MySizeID sizing solution for its business. The company said it would offer MySizeID to all its business-to-business customers, providing a smarter and easier way to interact, resulting in a seamless experience and more accurate service. Another company that has adopted MySize's technology is Estudio de Moda SAS, a leading Colombia-based retail company with a portfolio of brands, including Diesel, Celio, Superdry PLC (LON: SDRY), Marithe François Girbaud, and Replay. The company announced on January 5 this year it will implement MySizeID sizing solution on its Diesel Colombia e-commerce site. Apart from the announcements mentioned above, MySize has entered into agreements with Temperley London, a luxury British fashion brand, and 7 For All Mankind (Brazil), a premium global clothing brand, to license its MySizeID apparel sizing solution. Also, after a year of proven success with Levi Strauss & Co. Turkey (Levi's Turkey), Dockers (Turkey) decided to integrate MySize's proprietary AI-driven sizing technology solution. According to the company, the successful integration of the MySizeID widget has reduced return rates for a subsidiary of the world's global leader in jeans wear. MySize believes that its technology, compared to others, can provide several advantages to consumers — especially including a better fit the first time — and retailers, who can save money because returns are reduced. People are also more likely to buy more when they are confident about fit. The technology also benefits the environment as it reduces waste associated with returns, carbon footprint, and clothing being discarded. This article was originally published on Benzinga here. MySize, Inc. (NASDAQ: MYSZ) (TASE: MYSZ.TA) is an omnichannel e-commerce platform and provider of AI-driven measurement solutions to drive revenue growth and reduce costs for its business clients. Orgad, its online retailer platform, has expertise in e-commerce, supply chain, and technology operating as a third-party seller on Amazon.com and other sites. MySize recently launched FirstLook Smart Mirror, a mirror-like touch display that provides in-store customers an enhanced shopping experience and contactless checkout. FirstLook Smart Mirror extends MySize's reach into physical stores and is expected to contribute to revenues through unit sales and recurring service fees.MySize has developed a unique measurement technology based on sophisticated algorithms and cutting-edge technology with broad applications, including the apparel, e-commerce, DIY, shipping, and parcel delivery industries. This proprietary measurement technology is driven by several algorithms that are able to calculate and record measurements in a variety of novel ways. To learn more about MySize, please visit our website: www.mysizeid.com. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Or Kles, CFO ir@mysizeid.com Company Website https://mysizeid.com

February 28, 2023 09:00 AM Eastern Standard Time

Article thumbnail News Release

AI Can Now Create Customizable Recipes – Here’s How A Robotic Food Automation Company Has Been Using AI To Become An Industry Leader

Blendid

By Faith Ashmore, Benzinga Interested in investing in Blendid’s campaign? Click here to get started! Artificial Intelligence (AI) technology is quickly proving to be a driver of innovation and efficiency and is fast becoming a normal part of life. In November 2022, tech and news outlet CNET started using AI to write financial articles. The articles were so well-written that the vast majority of the public didn’t realize until a tweet went viral. AI technology is rapidly expanding, and some companies like Blendid have looked to ensure they are ahead of the curve, having made early deployments of AI in their solutions. Whether for restaurant owners or at-home cooks, finding or creating the perfect recipe is a big undertaking. Not only do they have to craft a perfect blend of flavors, but they also have to figure out what they and their customers enjoy. Now imagine they are able to find the best recipes possible for their needs, but they didn’t have to do any of the hard work of producing them. Blendid is looking to revolutionize the game by doing just that, leveraging AI to produce better solutions. The company uses AI technology to create the most appealing recipes for its consumers. Blendid is a robotic and AI-enabled food automation solution company; it currently operates fully autonomous robotic kiosks for smoothies. By using consumer data from purchase behavior, ratings and reviews, and questionnaires, Blendid’s AI system is able to create the best recipes to put on a menu for a particular location. One of the company's best-selling drinks, Sunrise.ai, was crafted completely by AI! Blendid has even gone one step further and is developing a feature to use AI to create customized individual recipes. While this feature is currently only available at the lab, the company is seeing incredible feedback from test subjects and is looking forward to bringing it to the public in the near future. This feature could be especially groundbreaking because it will allow the robot-automated kiosks to create curated recipes for consumers that appeal to their taste preferences while taking into account any allergies and dietary restrictions. In the future, Blendid plans to align its AI-driven recipes with consumers’ personal microbiomes, satisfying both the gut and their taste palate. Blendid reports that its technology-driven model is performing extremely well. In combination with kiosks that can operate 24/7, consumers have access to healthy and personalized food around the clock while the company is able to maintain low operational costs and high margins. Blendid kiosks operate in universities, travel centers, retail stores, and hospitals across the country. The company most recently saw a 267% year-over-year revenue increase. Blendid is currently hosting a raise to expand its concept further. The company is currently working on expanding to a dozen additional geographies in the near future and has 500+ kiosks in contract. Previously, they raised more than $26 million. Interested in investing and being a part of their growth story? Click here to read more about Blendid’s raise and how to invest! This article was originally published on Benzinga here. Sunnyvale-based Blendid is revolutionizing the future of food service with its proprietary food automation platform (foodOS™), which efficiently and safely prepares and serves a range of healthy, fresh, and delicious food. A pioneer of the future of food service, Blendid's first concept in the market is an autonomous, contactless kiosk that uses robotics, machine vision, artificial intelligence, and healthy ingredients to create delicious smoothies that are customized to meet the unique health and dietary preferences of each consumer. Founded in 2015 by seasoned Silicon Valley entrepreneurs Vipin Jain, Venki Avalur, and Vijay Dodd, Blendid is improving the consumer experience by offering safe, cost-effective, and personalized food on-demand, while also reducing complexities and costs for the operators. Blendid has raised more $20M to date from a mix of venture and crowdfunding investors and is currently raising its Series B investment round. Visit www.startengine.com/blendid for more information and to invest in the future of food service automation. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. The preceding post was written and/or published as a collaboration between Benzinga’s in-house sponsored content team and a financial partner of Benzinga. Although the piece is not and should not be construed as editorial content, the sponsored content team works to ensure that any and all information contained within is true and accurate to the best of their knowledge and research. Benzinga may receive monetary compensation from the issuer, or its agency, for publicizing the offering of the issuer’s securities. This content is for informational purposes only and is not intended to be investing advice. This is a paid ad. Please see 17b disclosure linked in the campaign page for more information. Contact Details Erica Camilo 344130@email4pr.com Company Website http://www.blendid.com

February 28, 2023 09:00 AM Eastern Standard Time

Article thumbnail News Release

Foresight: Eye-Net Receives First Order for Eye-Zone™ System from Leading Japanese Vehicle Manufacturer

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), has received its first order for an Eye-Zone automotive system from a leading global Japanese vehicle manufacturer. The parties will begin a paid proof of concept (POC) project to evaluate the added value and capabilities of Eye-Zone as a software vehicle-to-everything (V2X) communication layer, allowing for unprecedented, seamless communication between vehicles and all road users (including vulnerable road users). The POC will include the integration of Eye-Zone within the automaker’s advanced driver assistance system (ADAS) as an enhancement layer for the vehicle’s safety capabilities. The POC will be conducted in collaboration with a leading Japanese technology and communication company that will provide the communication infrastructure and advanced communication modules. Upon successful completion of the POC project, the parties will consider expanding the scope of the project to a commercial agreement. Furthermore, the leading Japanese technology company will consider distributing Eye-Net products in Japan by integrating Eye-Net’s solutions into local mass-user applications. Eye-Zone is Eye-Net’s Linux-based solution, offering Eye-Net’s unique V2X technology for the automotive industry (OEMs, Tier One and Tier Two suppliers). Eye-Zone is a V2X collision detection and accident prevention solution that sends alerts and indications to the driver. Eye-Zone uses a unique virtual sensor RUDAR™ (Road Users Detection and Ranging) that provides a point cloud of the real time location, movement characteristics and probability of collision with each of the road users around the vehicle. Eye-Zone can be easily integrated into various automotive systems such as ADAS, navigation systems and infotainment systems. For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the potential benefits of its products, the possibility of expanding the scope of the project to a commercial agreement and the potential for the leading Japanese technology company to distribute Eye-Net’s products in Japan. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

February 28, 2023 08:20 AM Eastern Standard Time

Article thumbnail News Release

Substrate AI boosts revenue by 100% in 2022 to €4 million

Substrate AI

Madrid, February 2023.- Substrate AI, the artificial intelligence company listed on the BME Growth, has closed 2022 with a growth in revenues of 100% reaching 4 million euros of total revenues and fulfilling its business plan. All this, improving the projected negative EBITDA, thus reducing operating losses. Growth has been sustained mainly in the areas of health, agritechand HRH, where its subsidiary companies are growing with a focus on the application of AI in their businesses. In turn, the company has developed several AI projects for external companies that have allowed it to boost its consulting area. "We are happy with the end of 2022 that has led us to reach 4 million total turnover, but the most important thing is that we have been able to meet the times and objectives in terms of the development of AI solutions, boosting the products and capabilities of each of our subsidiaries and business areas to be able to continue growing in the future at the pace we have proposed. As we already published when we went public, we have a very ambitious plan that should lead us to obtain very high growth over the next few years supported by the adoption of AI in companies, which grows at rates above 30%. In this sense, the work of 2022 is simply the first stone of this project." says José Iván García, CEO of the company. The company published in its business plan a growth forecast of another 100% for 2023 that will lead it to invoice more than 8 million euros and that will be supported by growth in all business areas. Substrate AI bases its business model on the application of its patented AI technology inspired by biology in sectors such as health, agritech, HR,energy or finance, through subsidiaries focused on each of these areas and consulting work for large companies that require customized solutions. In addition, Substrate AI continues to develop new technological capabilities together with Rensselaer Institute of New York, now related to building sustainable AI that saves time and energy in building models. The large consumption of energy in the construction of artificial intelligence models and in the retraining of existing ones is a problem that grows every day and threatens to become something similar to bitcoin mining. In this field, Substrate AI works to make available to all developers solutions capable of reducing time and consumption every time we work to apply AIin a new problem. CONTACT Carmen Damiá Serratosa CMO Substrate AI +34 961 23 70 15 c.damia@substrate.ai Substrate AI is an artificial intelligence Spanish company listed in the Spanish market and OTC Markets. Substrate AI has developed it’s own technology of Reinforced Learning biologically inspired which is applied in different sectors such as health, finance, agritech, HR and energy. Contact Details Jorge Botello jorge.botello@kaumarkets.com Company Website https://substrate.ai/

February 28, 2023 08:00 AM Eastern Standard Time

Article thumbnail News Release

Stocks With News Making Moves (EPAZ, AITX, SYTA, RECHF)

RazorPitch EPAZ

One of the key factors that can influence the performance of a stock is the news release by the company whose stock you are interested in. News releases can provide valuable information about a company's financial performance, business operations, and future prospects, all of which can impact the direction in which a stock is headed. For investors, it is important to pay attention to company news in order to make informed decisions about buying, holding, or selling shares. Investors can better understand the risks and opportunities involved by staying up to date on recent events at the companies they are interested in. This allows an investor to make more informed decisions regarding their portfolios. Let’s take a look at four stocks that released important information this week to add to your watchlist. Epazz, Inc. (OTC: EPAZ) is a mission-critical provider of drone technology, blockchain mobile apps, and cloud-based business software solutions. On Monday, February 27, EPAZ announced that it had submitted Phase 1 SBIR proposals to the US government. According to ZenaDrone, which is a spinoff of Epazz Inc., the company will hear back from the government within 90 days. This announcement bears some impactful implications, as if ZenaDrone is in fact awarded a Phase 1 contract, which carries a value of up to $75,000 per proposal, EPAZ will be able to submit for Phase 2 contracts, with a value of up to $1.2 million per contract. The SBIR program is designed to get products into the government market. It has additional phases that open up major government contracts worth up to $15 million over the next three years. Additionally, if ZenaDrone is a part of the program, there will be opportunities to sell our drones to US allies. CEO Shaun Passley, Ph.D., said, "We are taking multiple pathways to become a government contractor of drones. It is a major opportunity for us, as Chinese drones are banned in the US government. It has opened up major demands for our drones.” EPAZ hopes to take advantage of the Chinese drone ban, as currently, the US government has a major need for non-Chinese drones. The government is pushing initiatives to obtain made-in-America drones through their BlueUAS program. ZenaDrone is currently in the process of applying for BlueUAS, and according to EPAZ, the current list is very short. ZenaDrone Inc. is a provider of a multifunctional unmanned aerial vehicle equipped with machine learning systems, multispectral sensors, and AI technology. ZenaDrone uses the data its cameras capture to create a 3D interactive environment. The ZenaDrone team will use predictive AI analytics, a type of analysis that employs methods and resources to create predictive models and make forecasts of future outcomes based on acquired data. Techniques utilized in predictive analytics include machine learning algorithms, sophisticated mathematics, statistical modeling, descriptive analytics, and data mining. By continuing to advance its AI technology, Epazz Holdings will place a priority on developing the ZenaDrone 1000 in order to expand its reach across industries globally. For investors looking for the potential of the high returns that the OTC markets offer, EPAZ offers an attractive play, with competitive technology that the company continues to improve and invest in. Artificial Intelligence Technology Solutions, Inc. (OTC: AITX) is a global leader in AI-driven security and productivity solutions for enterprise clients. AITX focuses on the delivery of artificial intelligence-based solutions that allow organizations to gain new insight, solve complex challenges, and fuel new business ideas. Through its next-generation robotic product offerings, AITX's RAD, RAD-M, and RAD-G, the company is helping organizations streamline operations, increase ROI, and strengthen their businesses. On February 27, AITX announced that their wholly owned subsidiary, Robotic Assistance Devices, Inc., has secured orders exceeding 300 units as the end of its fiscal year approaches. The company's fiscal year is set to conclude on February 28, 2023. With this impressive number of device orders received, AITX has proven its capacity to develop solutions that are both compelling and deliverable to picky customers. Demand for RAD's products is increasing, which is evidence of the company's exceptional innovation, quality, customer-centric philosophy, and expanding experience delivery. Premium customer experiences are positive for the company's capacity to grow. The stock experienced significant investor interest after the news release, and it ended the day Monday up 14.07%. Siyata Mobile Inc. (NASDAQ: SYTA) is a B2B global provider of innovative, next-generation push-to-talk over cellular technology solutions that include its devices and cellular booster systems. The SYTA selection of consumer- and enterprise-grade cellular booster systems enables first responders and office workers to amplify cellular signals in off-the-grid locations, inside weakened structural buildings, and inside vehicles for the strongest cellular signal possible. On Monday, the 27th, SYTA announced the launch of the Siyata T600 Cellular Booster for T-Mobile 5G enterprise customers. The T600 Cellular Booster is designed to enhance signal strength and improve reception for T-Mobile 5G enterprise customers. This device is intended to deliver crystal-clear voice quality and lightning-fast data speeds, ensuring that users stay connected and productive. "Our T600 Cellular Booster represents the next generation of cellular solutions for enterprise customers," said Marc Seelenfreund, CEO of Siyata Mobile. "With its advanced 5G technology, the T600 provides the ultimate solution for T-Mobile 5G enterprise customers who need enhanced signal strength and improved reception." The stock rose 9.09% on Monday following the release; keep an eye out to see if it can carry the momentum throughout the week. Recharge Resources (CSE: RR) (OTC: RECHF) is a Canadian mineral exploration company focused on exploring and developing the production of high-value battery metals to create green, renewable energy to meet the demands of the advancing electric vehicle and fuel cell vehicle markets. RECHF announced on Monday that it had signed an option agreement with Spey Resources Corp. under which Recharge Resources could acquire up to a 100% undivided interest in the Pocitos 2 Project, a 532-hectare lithium brine project located just outside of Salta, Argentina, and adjacent to the company's ongoing operations at the Pocitos salar. Previous surface sampling, trenching, and VTEM geophysics carried out in 2018 suggest the continuity of the targeted lithium brine aquifer continuing from the Pocitos 1 block through the Pocitos 2 block, with Pit 10 from trenching on the Pocitos 2 block having the highest trench sample at 181 PPM lithium, the highest lithium value found on the Pocitos salar to date. Drilling from the company's 2022 drill campaign at Pocitos 1 assayed 169 PPM, and over a two-week period, it averaged 161 PPM lithium. The 2022 well outperformed both the Recharges technical team's expectations and the measured lithium content of the 2018 discovery wells. Pocitos 2 is permitted to drill two additional wells immediately at Recharge's signal. Following the release of the news, the RECHF stock rose 6.25% at Monday's closing. Investors looking to gain from the high demand for lithium should keep Recharge Resources on their watchlist. Razorpitch Inc. is a marketing communications and investor relations firm serving private, pre-IPO, and public companies. RazorPitch specializes in corporate, investor, and stakeholder communications, with a primary focus on sponsored media. Our goal is to raise visibility, expand awareness, and increase value. To learn more, visit RazorPitch.com. Disclaimers: This article contains sponsored content. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, assumptions, objectives, goals, assumptions of future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements, indicating certain actions & quotes; may, could or might occur Understand there is no guarantee past performance is indicative of future results. Investing in micro-cap or growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or due to the speculative nature of the companies profiled. RazorPitch is responsible for the production and distribution of this content. RazorPitch is not operated by a licensed broker, a dealer, or a registered investment advisor. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. RazorPitch authors, contributors, or its agents, may be compensated for preparing research, video graphics, and editorial content. RazorPitch has been compensated by EPAZ to produce and syndicate this content. As part of that content, readers, subscribers, and webs are expected to read the full disclaimers and financial disclosure statement that can be found on our website. Contact Details Mark McKelvie +1 585-301-7700 markrmckelvie@gmail.com Company Website http://razorpitch.com

February 28, 2023 05:00 AM Eastern Standard Time

Article thumbnail News Release

i2Coalition Launches Ethical Web Data Collection Initiative to Promote Industry Best Practices

Ethical Web Data Collection Initiative

Web data aggregators (“web scraping”) gather available data from around the Internet; enabling consumer confidence, commercial innovation, and community safety. To drive further awareness of and public trust in this crucial digital ability, the Internet Infrastructure Coalition (i2Coalition) has announced the launch of the Ethical Web Data Collection Initiative (EWDCI). This international, industry-led, and member-driven consortium of web data aggregation business leaders is focused on encouraging dialogue and improving digital peace of mind for consumers and companies. By establishing the EWDCI, the i2Coalition seeks to foster cooperation within the data aggregation industry and build a framework to establish an open, participatory process around the development of legal and ethical web scraping provider principles that will lead to greater accountability. The EWDCI is actively seeking more members of the data scraping field dedicated to establishing best practices to join and help shape the initiative’s early efforts. “The public deserves digital peace of mind, and ‘scraping’ doesn’t have to be a dirty word when it is done responsibly, but responsibility needs defining,” said Christian Dawson, the i2Coalition’s Executive Director. “As with any industry in these early stages, it has a unique opportunity to have a hand in how it is developed and perceived.” The web data aggregation industry is young and growing, and the founding members of the EWDCI are committed to serve as the voice of this emerging industry. This means collaboratively building public trust in the practice of data aggregation, promoting ethical guidelines, and helping businesses make informed data aggregation choices. Founding EWDCI members include five companies: Coresignal, Oxylabs, Smartproxy, Rayobyte, and Zyte. Web scraping enables business innovation and competition, provides consumer benefits—including serving accurate information and comprehensive pricing—and facilitates thorough data analysis for academic and public safety purposes. Some noteworthy use cases include: E-commerce price intelligence, including up-to-the-minute comparative information on same-item pricing across the internet Jobs and real estate listing aggregation Social listening and brand monitoring Alternative data for investment decision-making Businesses performing a thorough review of consumer trends and competitor companies worldwide to best position themselves for success Companies scanning the Internet data for illicit uses of their intellectual property Businesses confirming validity of marketing spend via ad verification Data aggregation companies supplying pro-bono scraped data to academic researchers, providing them vast data stores for essential research To properly provide these benefits to consumers, companies, and the public at large, data aggregators need to follow ethical practices. Such dedication will serve to further understanding of the data aggregation practice and process, and further the adoption of this technology. Key to this is a safe and community-minded application of aggregation, and therefore a positive reputation for the practice and its practitioners. The i2Coalition is the leading voice for businesses that build the internet, and has spearheaded the creation of similar efforts to create standardized industry benchmarks—such as the VPN Trust Initiative, which determined and promoted best practices for that vital industry. “The EWDCI aims to reach companies with this message of ethical data aggregation, as well as to educate consumers at large and legislators worldwide in the interest of informed, empowered action,” said Dawson. “This will promote industry-led stewardship of important—and already widely adopted—technology in the interest of solving any present challenges and setting the industry up for forthcoming success.” To learn more about the EWDCI, please visit www.ethicalwebdata.com. To become a member, please email Hilary Osborne. To learn more about the i2Coalition, please visit www.i2Coalition.com. About the Ethical Web Data Collection Initiative The Ethical Web Data Collection Initiative (EWDCI) seeks to foster cooperation in the web data collection and aggregation industry and leverage collective first-hand knowledge and insights to advocate for beneficial technical standards and business best practices regarding the aggregation of data. The EWDCI is dedicated to serving as the voice of the industry, collaboratively strengthening public trust in the practice of Data Aggregation, promoting ethical guidelines, and helping businesses make informed data aggregation choices. About the i2Coalition The Internet Infrastructure Coalition (i2Coalition) is the leading voice for web hosting companies, data centers, domain registrars and registries, cloud infrastructure providers, managed services providers, and related tech. The i2Coalition works with Internet infrastructure providers to advocate for sensible policies, design and reinforce best practices, help create industry standards, and build awareness of how the Internet works. The i2Coalition also spearheaded the creation of the VPN Trust Initiative, which determined and promoted best practices for that vital industry. Contact Details Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://ethicalwebdata.com/

February 28, 2023 03:30 AM Eastern Standard Time

Article thumbnail News Release

CleverTap’s Fintech Benchmark Report: Only 1 in 5 users that install fintech apps sign up within week one

CleverTap

CleverTap, the modern integrated retention cloud, released its Industry Benchmark Report for Fintech Apps 2022. As fintech apps continue to grow more popular, the number of players vying for market share has increased. This has subsequently reduced customer retention and “stickiness” for any one brand. Therefore, today more than ever, it is crucial that fintech companies find ways to drive customer “stickiness” by engaging users in effective ways that eventually drive transactions and fuel growth. The report reflects data collected from Asia-Pacific, Europe, India, Latin America, Middle-East, and North America. The report gives marketers a truly holistic view of key metrics within the fintech app landscape.It also spans a wide variety of fintech apps, including, but not limited to, mobile payment apps, cryptocurrency, and block chain services, along with banking and insurance among others. These insights will not only serve as a helpful starting point for developing successful engagement strategies, but also assist in understanding how an app fares in comparison to global averages. Some of the key metrics in the report include: Install to sign-up rate: Only 1 in 5 users that install fintech apps (21%) end up signing up within the first week. Average time to sign-up: 70% of the users that sign-up, do so within 75 seconds of launching the app for the first time. Sign-up to conversion rate: 95% of newly signed-up users make at least one financial transaction in the first month. Average time to convert: 76% of newly signed-up users move from onboarding to deeper-in-the-funnel engagement within an average of 7 days. Session frequency: On average, fintech app users launch their app around 11 times a month. Average repeat transaction rate for new users: 15% of newly signed-up users complete more than one transaction in the first week. Average click-through rate for push notifications: On average, 9% of Android users and 6% of iOS users will click on and interact with push notifications. Average click-through rate for in-app notifications: The click-through rate for in-app notifications is 24%, that’s about 3 times more than that of push notifications. Average email open rate: 34% users open emails sent by fintech companies Average Stickiness Quotient: Fintech apps enjoy a stickiness quotient of 22%, that indicates nearly one-quarter of MAUs consistently return to their fintech apps “The fintech industry has seen exponential growth in the last few years. Given the relentless competition within the space, fintech platforms need to step up their Omnichannel engagement efforts to better retain customers,” said Jacob Joseph, VP-Data Science, CleverTap. “The benchmark metrics laid out in our report provide a great starting point for growth marketers looking to develop effective marketing strategies. They will be able to compare numbers against global averages and pinpoint which aspects they are excelling at and which areas could use some attention or innovation.” 95% of new fintech users complete a monetary transaction in the first month. This shows that while users see value in fintech apps, it’s important to adopt customized user engagement strategies to boost retention on the platform. Today there is a real need for fintech brands to bake-in effective marketing strategies within their apps. Users will remain responsive as long as the experience is engaging and seamless. The benchmark report helps fintech apps understand how to build successful mobile communication campaigns, and also allows growth marketers to discover areas that require greater focus. The report can be downloaded here. About CleverTap CleverTap is the World's #1 Retention Cloud that helps app-first brands personalize and optimize all consumer touch points to improve user engagement, retention, and lifetime value. It's the only solution built to address the needs of retention and growth teams, with audience analytics, deep-segmentation, multi-channel engagement, product recommendations, and automation in one unified product. The platform is powered by TesseractDB™ - the world’s first purpose-built database for customer engagement, offering both speed and economies of scale. CleverTap is trusted by 2000 customers, including Gojek, Electronic Arts, TED, English Premier League, TD Bank, Carousell, AirAsia, Papa Johns, and Tesco. Backed by leading investors such as Sequoia India, Tiger Global, Accel, and CDPQ the company is headquartered in Mountain View, California, with presence in San Francisco, New York, São Paulo, Bogota, London, Amsterdam, Sofia, Dubai, Mumbai, Singapore, and Jakarta. For more information, visit clevertap.com or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap's belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could result in the actual outcome being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

February 27, 2023 02:51 PM Eastern Standard Time

Article thumbnail News Release

OPPO Showcases its Latest Flagship Foldable Smartphone Find N2 Flip and a Series of Smart Living Innovations at MWC 2023

OPPO

OPPO Find N2 Flip, which sets a new benchmark for flip phones, shines at MWC 2023, highlighting OPPO’s commitment to boosting the foldable smartphone market. UEFA Champions League Ambassadors Michael Owen and Luis Carcia become the first global users of OPPO Find N2 Flip. OPPO showcases its first Wi-Fi router, OPPO Zero-Power Tag, and other technical breakthroughs in the fields of chips, health, AR, etc., exploring more possibilities for future smart lifestyles. OPPO is actively meeting sustainable development goals in accordance with its commitment to achieving carbon neutrality across its global operations by 2050, while strengthening its global position with professional, reliable products and services. BARCELONA, SPAIN - Media OutReach - 27 February 2023 - OPPO is today showcasing a range of its latest innovative technologies at Mobile World Congress 2023 (MWC2023). During the event, OPPO is not only showing a selection of flagship devices including the pocketable OPPO Find N2 Flip, but also introduces a number of industry-leading innovations based on its four Smart Initiatives - smart entertainment, smart productivity, smart health, and smart learning, such as OPPO Wi-Fi 6 Router AX5400, OPPO Zero-Power Tag, MariSilicon Y Bluetooth audio SoC, OHealth H1 family health monitor, OPPO Air Glass 2 and more. By delivering enhanced, connected experiences through these virtuous innovations, OPPO is reinforcing its position as a future-focused company that seeks to unlock new possibilities for smart living. OPPO Booth at MWC2023 "As the world’s fourth largest mobile phone brand, OPPO has showcased a series of innovations at MWC23, from folding flagship phones to the latest technology behind the Internet of Experience. By bringing new technology breakthroughs to market, we are unlocking new possibilities for smart living to better serve our users worldwide,” said Billy Zhang, President of Overseas Sales and Service, OPPO. Billy Zhang, President of Overseas Sales and Service, OPPO Revolutionizing the vertical foldable experience, OPPO Find N2 Flip will turn flips into users’ first choice OPPO Find N2 Flip, OPPO's first vertically folding phone recently launched globally in London, has become a major draw to OPPO’s booth. Find N2 Flip is the best flip phone on the market today. Measuring 3.26 inches, Find N2 Flip's cover screen is the largest of any flip phone currently available, making everything smarter and easier to do. Its 50MP main camera, MariSilicon X NPU and Hasselblad imaging system combine to deliver a professional camera experience. Equipped with the New Generation Flexion Hinge, Find N2 Flip supports multi-angle FlexForm mode, allowing the screen to be set at any angle between 45-110 degrees. Thanks to the new Flexion Hinge, the crease of Find N2 Flip remains unobtrusive even with long-term use. Find N2 Flip also comes with a massive 4,300mAh battery and 44W SUPERVOOC TM fast charging, making it the first flip to comfortably last a full day of typical use. This pocketable flip flagship will be on sale in Europe from February 28. Thanks to its disruptive and innovative design and superior user experience, it’s expected to make the flip the format of choice for more users around the world. OPPO Find N2 Flip OPPO Find N2 Flip and Find N2 have both been appointed as Official Smartphones of the UEFA Champions League. UEFA Champions League Ambassadors and football stars, Michael Owen and Luis Garcia both join OPPO on the first day of MWC, becoming the first global users to experience the incredible OPPO Find N2 Flip. UEFA Champions League Ambassadors Michael Owen (right) and Luis Garcia (left) become the first global users of OPPO Find N2 Flip In addition to OPPO Find N2 Flip, visitors to the OPPO booth can also experience the latest OPPO flagship phones such as OPPO Find N2, and IoT products including OPPO Enco X2, OPPO Watch 3 Pro, OPPO Pad, and OPPO 45W Liquid Cooler. Focusing on Smart Living Initiatives, OPPO showcases milestones in “Virtuous Innovation” Based on its four internal Smart Initiatives: smart entertainment, smart productivity, smart health, and smart learning, OPPO has brought a number of technology breakthroughs to the event, providing more ways to empower smart, connected experiences in the future. In “smart productivity”, OPPO has further expanded its communication technology product portfolios. OPPO Wi-Fi 6 Router AX5400, based on the Qualcomm ® Immersive Home 216 Platform, is OPPO’s first Wi-Fi router product, supporting the Wi-Fi 6 AX5400 standard, and is capable of providing a 2.4GHz+5GHz dual-band Wi-Fi signal at the same time. The combination of its high-gain antennas, OPPO’s self-developed anti-interference algorithm and network directional speed-up technology enables Wi-Fi with wider coverage, enhanced stability, and faster speeds [1]. The elegant cylindrical appearance with hidden antennas makes it fit perfectly within a modern, minimalist home, while the unique internal structure helps improve heat dissipation, ensuring always-on connectivity that covers every corner of the home. OPPO Wi-Fi 6 Router AX5400 OPPO Zero-Power Tag is the first prototype device based on OPPO Zero-power Communication technology. Leveraging key technologies such as RF signal harvesting, backscattering, and low-power computing, it harvests radio waves from the surrounding area to power its own functionality and communicate battery-free in order to meet the diverse needs of IoT in the coming 6G era. This is the first time that OPPO has demonstrated the OPPO Zero-Power Tag’s capabilities in item identification and positioning, and data collection from temperature sensors, both powered by RF energy. OPPO is also showcasing its extensive achievements across other Smart Initiatives, such as OPPO’s first self-developed flagship Bluetooth audio SoC, MariSilicon Y, the new-generation, ultra-light AR glasses, OPPO Air Glass 2, OPPO’s first family health monitor concept device OHealth H1, and OPPO’s first end-to-end power management chip SUPERVOOC S, etc. OPPO is showcasing its extensive achievements across Smart Initiatives In addition, OPPO is also jointly demonstrating a number of technological milestones with different partners, including select proposals from the OPPO Research Institute Innovation Accelerator: EEG Hearables from IDUN Technologies and Cynteract’s glove designed to help people with hand injuries to recover more effectively; hardware accelerated ray tracing technology on the Snapdragon ® 8 Gen 2 Mobile Platform; innovative Android features like Nearby Share and Fast Pair on OPPO flagship smartphones, and trials of Google One and YouTube Premium for up to 6 months, with selected OPPO devices. Actively practicing corporate social responsibility, OPPO has committed to achieving carbon neutrality across its global operations by 2050 Under its corporate mission of “Technology for Mankind, Kindness for the World”, OPPO has taken action to integrate sustainability into its long-term development strategy. By the end of 2022, OPPO managed to reduce the greenhouse gas emissions from its operations by 6,000 tons annually. Starting with the European market in 2023, OPPO will remove virtually all plastics from the external packaging of its mobile phone products and will ensure that all packaging materials are made from 100% biodegradable materials. OPPO commits to achieving carbon neutrality across its operations by 2050 On the opening day of MWC2023, OPPO has also published its first Climate Action Report, the OPPO Climate Action Report: Climate Pledges and Low Carbon Development Strategy, co-developed with global consultancy, Deloitte. The report proposes OPPO’s goal of achieving carbon neutrality across its global operations by 2050, and outlines its future blueprint for low carbon development. With these plans, OPPO will transform its entire business into a low-carbon enterprise. To experience OPPO’s innovations and products first-hand, please visit OPPO’s booth in Hall 3, Stand 3M10, at the Fira Gran Via, Barcelona, from February 27 to March 2, 2023. For further details, please also refer to the OPPO MWC23 official website. [1] “faster speeds” indicates that the network directional speed-up technology enables the Wi-Fi network to quickly identify and connect OPPO smartphones and tablets equipped with ColorOS 13 and above, and intelligently increase connection speeds by up to 20% for games, online courses, and online meetings. 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 relentless in its pursuit of the perfect synergy between aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with the 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 Media Contact press@oppo.com

February 27, 2023 12:06 PM Eastern Standard Time

Image
Article thumbnail News Release

HomeRoots Partners with Kuehne+Nagel to streamline Transportation and Fulfilment Options for Customers

Homeroots

FEB 27, 2022 – HomeRoots, a B2B e-commerce furniture and home decor platform, announced today that it has formed a partnership with Kuehne+Nagel, one of the world’s largest freight forwarding company. This partnership will allow HomeRoots’ customers to purchase competitive container and air freight services that include a comprehensive one-stop solution to quoting, booking, and tracking freight services. This partnership will help facilitate HomeRoots need for speed in getting goods to market, but also helps HomeRoots offer low carbon shipment options for a more sustainable future. “Our customers, especially mid-size independent hoteliers expect more efficient ways to purchase Furniture, Fixtures and Equipment. They want a B2B online experience that is just like shopping for their own homes. Collaborating with HomeRoots allows Kuehne+Nagel to take a boutique logistics service offering to next level, while increasing opportunities for HomeRoots beyond the typical retail business.” says Holger Altvater; Global Head of Hospitality Logistics. Gil Bar-Lev, CEO of HomeRoots said that “HomeRoots' partnership with Kuehne-Nagel puts the two companies ahead of the competition. There are very few selling platforms that provide logistics solutions on such a scale. The opportunity to work with Kuehne-Nagel is exciting for multiple reasons. HomeRoots' partners will be able to benefit from efficient logistics solutions via Kuehne+Nagel solid network, its leading market position and sustainable product portfolio.” This also allows manufacturers and factories that did not have the capabilities or the know-how, to enter the U.S. market. Conversely, Kuehne+Nagel existing customers who are currently importing furniture and home décor items will can collaborate with an even larger sector of customers that includes HomeRoots ever growing U.S. based sales channel of customers. According to Reuters, 70% of U.S. economic activity results in merchandise derived from ocean container shipments. Many of these shipments are plagued with difficulties, delays, and lack of transparency that make international exchange difficult. Bar-Lev said “Our goal is for our customers who order containers to be able to do so by adding items to their cart on the HomeRoots platform and completing checkout like the end consumer ordering grocery items. The existing process which is highly complex and high touch will be completely transformed. This is a real game-changer.” “Kuehne+Nagel allows us to bring direct access to the next evolution of premier freight service and options to our customers and suppliers” said Diane Narwid, VP of Merchandising from HomeRoots. We relish the opportunity to help ease the pain points our customers and factories might be experiencing in terms of getting goods safely, quickly, and competitively into the US. This partnership will play a valuable role in allowing HomeRoots to be the ultimate one-stop-shop for B2B online sales of furniture and home decor products, but also open doors to additional industry and logistics brokering opportunities. About Kuehne+Nagel With over 80,000 employees at almost 1,300 locations in over 100 countries, the Kuehne+Nagel Group is one of the world's leading logistics companies. Its strong market position lies in sea logistics, air logistics, road logistics and contract logistics, with a clear focus on integrated logistics solutions. About HomeRoots HomeRoots is the market leader in B2B sales of Furniture, Home Decor, Rugs, & Lighting products. HomeRoots offers an ever-growing e-catalog of products IN STOCK and ready to ship to your location or direct to your customer. HomeRoots customers range from interior designers and hospitality projects to small and large e-commerce/brick and mortar retailers. HomeRoots mission is to offer an unparalleled breadth of assortment at competitive pricing and to make the B2B online shopping experience as easy as the B2C online shopping experience. For more information, please visit https://www.homeroots.co/ Contact Details HomeRoots Diane Narwid +1 862-203-8249 contactus@homeroots.co Company Website https://www.homeroots.co/

February 27, 2023 11:38 AM Eastern Standard Time

1 ... 289290291292293 ... 612