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

OPPO Explores New Technology Breakthroughs with Developers and Partners at OPPO Developer Conference 2022

OPPO

SHENZHEN, CHINA - Media OutReach - 31 August 2022 - OPPO kicked off its 2022 OPPO Developer Conference (ODC 2022) today, unveiling its Pantanal cross-platform smart system, OPPO Carlink solution for enhanced smartphone-car integration, and the OPPO Sense ® health algorithm along with an RMB 2 billion plan to support developers and creators working with OPPO. Pete Lau, Senior Vice President and Chief Product Officer at OPPO "We will live in a world where smart devices are everywhere. These smart devices should not be simply connected but integrated to serve users and help realize the future of the Internet of Experience," said Pete Lau, Senior Vice President and Chief Product Officer at OPPO. "As we continue to transform into a company with its technology ecosystem, we look forward to joining hands with global developers and partners to build an open, symbiotic, and thriving ecosystem for all." OPPO's Pantanal cross-platform smart system provides fully open integration for everyone During ODC 2022, OPPO introduced Pantanal — its first cross-platform system designed to break boundaries between different devices and systems to let them truly connect and collaborate. With cross-device sensing and computing capabilities, Pantanal can better understand and anticipate users' needs and provide services at the right time in the right way. As a cross-platform system, Pantanal will make it easier for developers to develop and deploy services across multiple platforms, lowering cost while increasing efficiency. OPPO introduced Pantanal – its first cross-platform system at ODC 2022 OPPO Carlink solution provides integration for smartphones and automobiles With more and more people relying on their smart devices for in-car services and entertainment, OPPO has developed OPPO Carlink to enhance collaboration and integration between smartphones and automobiles. OPPO Carlink provides a new model for smartphone and car companies to work together. Users can access a smartphone's computing power and app ecosystem without changing existing in-vehicle infotainment systems, while smartphones can provide services through the car via software pushes. At ODC 2022, OPPO announced a partnership with SAIC Motor to work together on integrating smart devices and automobiles. This follows OPPO's agreement with Tesla China earlier this year to use OPPO smartphones as digital keys for the Tesla Model 3 and Model Y in China. Joint R&D leads to seamless, intelligent IoT experiences OPPO has continued to expand its hardware portfolio as it builds up a rich ecosystem around its products and services. OPPO has introduced its broader portfolio of IoT products to over 50 countries and regions worldwide, achieving over 120% growth across all categories over the past three years. Empowering global developers to build an open and integrated ecosystem More than 300,000 developers and 700,000 creators have joined with OPPO to distribute their products and services to users across multiple platforms. The OPPO Open Platform supports developers in areas such as app services, graphics processing, and interconnectivity. OPPO also announced that it will allocate RMB 2 billion worth of resources towards its Gravity Plan in 2023 to support developers in building an ecosystem together. Improving quality of life through preventive health With advances in sensor technology, algorithms, and data science, OPPO is working to improve the health of its users through preventive health approaches. At ODC 2022, OPPO announced the debut of its self-developed OPPO Sense ® algorithm, which features breakthroughs in cardiovascular health, fitness, and sleep tracking. OPPO will also further its collaboration with global partners to improve connectivity between IoT products and develop health management apps, hardware, and services designed to help detect the onset of certain chronic diseases. OPPO announced the debut of its self-developed OPPO Sense® at ODC 2022 During the event, OPPO also shared updates from its first OPPO Research Institute Innovation Accelerator, which recently ended on August 29. The program was launched earlier this year to empower technology professionals and entrepreneurs to bring their innovative solutions to life and create a better future together with OPPO. Among 536 submissions from 39 countries and regions, ten winning proposals were selected, with each proposal exploring innovative solutions to challenges in Accessible Technology and Digital Health. In addition to receiving $46,000 in grants, the ten winners will receive support from OPPO and its partners to help them further develop and implement their ideas. Guided by its brand mission of "Technology for Mankind, Kindness for the World" OPPO continues to work towards building an open platform that facilitates collaboration with developers and other partners. By joining forces with more developers and partners, OPPO will continue to enrich and expand its ecosystem, bringing seamless connectivity and smart experiences to more users worldwide. Contact Details OPPO Media Contact press@oppo.com

August 30, 2022 10:20 PM Eastern Daylight Time

Image
Article thumbnail News Release

This Company’s Robots Help Protect The U.S. Power Grid

Knightscope, Inc.

Threats of a coordinated attack on the U.S. power grid are serious and, if they occur, could result in deaths, serious injuries, social unrest and economic disaster. For decades, government reports, industry journals and academic articles have raised the alarm on the dangers of intentional attacks on the nation’s unprotected power grid. For example, in its 2014 report “Securing the U.S. Electrical Grid,” the Center for the Study of the Presidency and Congress called the nation’s power grid “an obvious target to a range of actors who would seek to strike at the U.S. homeland.” In 2007, the National Energy Technology Laboratory wrote, “The threat of both physical and cyber attack is growing and a widespread attack against the infrastructure cannot be ruled out.” With terrorist threats on the electric grid a reality, some utilities are taking measures to protect themselves from physical attacks on their infrastructure. Pacific Gas and Electric Co. (PG&E), for example, has doubled the number of Knightscope, Inc. (NASDAQ: KSCP) K5 Autonomous Security Robots in its lineup, bringing the number of machines guarding its facilities to 10. PG&E is a subsidiary of the holding company PG&E Corp. (NYSE: PCG). Robots Rising? With the number of electric utility companies estimated at more than 3,300, according to Statista, there are plenty of opportunities for Knightscope to help the nation protect the power grid. The U.S. power grid connects about 2.5 million miles of feeder lines and more than 450,000 miles of high-voltage transmission lines, according to Statista. PG&E signed its first contract in 2021 to test whether Knightscope’s robots would provide the level of safety and overwatch necessary to secure certain properties. During the successful pilot, Kightscope helped the utility reduce costs, prove value with a positive return on investment and build confidence that the service would meet its demands. Technologies such as those Knightscope offers are becoming a key component to augmenting guard services at a time when it is challenging to fill guard personnel jobs. “Knightscope’s autonomous security robots work 24/7/365 with greater detecting and data-recall capabilities at a fraction of the cost of a traditional physical security program,” Knightscope Chairman and CEO William Santana Li said. “We are honored that PG&E has entrusted us to help protect their properties, assets and employees, and we look forward to further assessing opportunities across hundreds of locations.” In addition to serving utility companies, Mountain View, California-based Knightscope has clients in the commercial real estate, hotel, casino, corporate campus, schools, law enforcement and healthcare industries. Knightscope is an advanced security technology company based in Silicon Valley that builds fully autonomous security robots that deter, detect and report. Knightscope’s long-term ambition is to make the United States of America the safest country in the world. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Knightscope, Inc. Stacy Stephens sds@knightscope.com Company Website https://www.knightscope.com/

August 30, 2022 02:06 PM Eastern Daylight Time

Article thumbnail News Release

CPACharge Establishes Partnership With Colorado Society of CPAs

CPACharge

CPACharge, an online payment solution developed specifically for CPA firms, announced a new partnership with the Colorado Society for CPA’s. This new program will provide members the exposure and resources to connect CPAs personally and meaningfully to all aspects of the profession including over 1,500 CPE course offerings, member networking, course offerings, and on-demand e-learning selections. The Colorado Society of CPAs began in 1904 with a mission to continue professional education and elevate the CPA brand by positioning CPA’s to have success in the accounting industry. COCPA (Colorado Society of CPAs) has over 6,800 professionals. 40%t of the professionals apart from COCPA are CEO’s, 66% are in public accounting practices, and 51% are directors or managers. COCPA remains the only statewide, non-profit, professional association dedicated to CPAs in Colorado as the industry shifts each year. “The opportunity to partner with an impactful organization such as CPACharge and create better resources for our members is a priority we had to take advantage of,” said Mary E. Medley, Chief Executive Officer of COCPA. “CPACharge embodies the same values of being ethical, trusted, and a respected organization that empowers our profession to the utmost degree and we are excited to see what the future holds with this partnership.” The Colorado Society of CPAs has been an established organization committed to public accounting, government, education, and business for decades. The Colorado Society continues to value its members in developing programs to address needs while engaging in positive & professional interactions with government officials and prospective clients. “CPACharge is excited to partner with the Colorado Society of CPAs and further their mission as a trusted resource for accounting professionals,” said Dru Armstrong, Chief Executive Officer of CPACharge. “This partnership enhances our goal to consistently make a positive impact in more ways than one to our customers and help them succeed while increasing the CPA brand recognition.” About CPACharge CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. AffiniPay is headquartered in Austin, Texas and offers a modern payment gateway that integrates with more than 40 software solutions and is trusted by 50,000 firms. CPACharge is the only payment solution offered as a Member Discount Partner by the AICPA and recommended by more than 35 state CPA societies. Visit cpacharge.com to learn more. About Colorado Society of CPAs The Colorado Society of Certified Public Accountants (COCPA) is the statewide, professional association for CPAs and accounting professionals. Its members are employed in business and industry, public practice, nonprofit organizations, government, and education. Formed in 1904, the Society has proudly supported its members in providing quality professional services to serve the public interest for over 100 years. CPACharge, an AffiniPay solution, is an online payment solution developed specifically for CPA firms, giving professionals a secure way to accept credit, debit and eCheck payments. Contact Details Keely Leonard +1 512-368-8988 kleonard@affinipay.com Company Website https://www.cpacharge.com/

August 30, 2022 12:30 PM Central Daylight Time

Article thumbnail News Release

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

Article thumbnail News Release

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

Article thumbnail News Release

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

Article thumbnail News Release

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

Article thumbnail News Release

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

Article thumbnail News Release

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

1 ... 391392393394395 ... 610