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Evolving market structure dynamics spurs new credit liquidity

Tradeweb

Adoption of electronic credit trading has grown in fits and starts over the past two decades, but it looks like its day is finally here. Thanks to a diverse ecosystem that includes tech-native new entrants, adaptive incumbents, a proliferating fixed income ETF ecosystem, and hyper-competitive trading platforms, electronic trading in credit (aka corporate bonds) has reached new heights of volume and momentum. Playing roles as market makers, protocol innovators, liquidity providers, price disseminators, and momentum traders, these varied constituents have in their own ways challenged traditional manual trading conventions to establish electronic trading as vital to the everyday workings of the market. The why of electronification is no longer a relevant question to credit traders. We’ve reached the moment when technology and innovation have made it easier, more efficient, and in many cases preferential, to execute trades electronically. Now, the more important question is how – how much to use it, how best to use it, and how to keep up with the technology increasingly at the core of execution trading and market-making. Newfound resilience building lasting confidence By the numbers, the market’s persistent shift of volume from manual to digital is clear. Coalition Greenwich estimates that roughly 40% of U.S. High Grade and 30% of U.S. High Yield corporate bonds now trade electronically, as compared to 8% and 2% in 2013, respectively. Earlier this year in March, during a period of extreme market volatility triggered by the collapse of Silicon Valley Bank and Signature Bank, we might have expected a steep drop-off in electronic credit trading in favor of traditional voice execution. After a temporary blip lower, we saw electronic trading return to normal trend levels of 35-40% of the broader credit market. Three years ago, this would have caused immense stress on the markets. But because of investments in technology by both the buy-side and dealer communities, as well as investments in infrastructure and systematic algorithmic pricing, the underlying foundation of electronic credit markets held strong. All this suggests a newfound durability by the players in electronic credit trading, even in the face of market disruption. If anything, electronic trading venues provide an even greater opportunity to generate alpha during periods of market volatility. This structural change and heightened sense of preparedness by market participants has had a positive effect on the stability and breadth of trading in these markets. Credit markets are full of idiosyncratic bonds and infrequent issuers. Electronification has brought some of those out of the buy-and-hold shadows. As the cast of characters behind the market’s electronic evolution doubles down on ways to further drive it, we’ll see new credits, new ratings categories, and new issuers benefiting from this virtuous cycle of transparent pricing and liquidity. Those behind electronification The growth in electronic credit trading is no accident. For two decades, regulators, investors, and tech-savvy disruptors encouraged electronic credit trading to create more stability, transparency, liquidity, and access. Progress, though, was erratic, as periods of volatility often drove investors back to familiar traditional voice trading. COVID on the other hand, while similarly disruptive, was a turning point in the electronification evolution, helping fast-track the adoption of electronic trading through various functionalities and protocols. In 2021, even as the runaway pace of U.S. corporate bond issuance normalized and traders started returning to their desks, increased reliance on electronic trading platforms did not slow: average daily electronic trading volumes in U.S. credit climbed to $11.5 billion by March 2021. Some of those who have contributed to electronification’s success, in fact, simply set out to democratize historically institutional-focused credit investing. In the process, they helped to create the conditions that well-functioning markets crave - better liquidity, price transparency, and efficiency. Scale and pricing acumen have come to bear for the benefit of the markets. Consider the use of real-time composite pricing. Now, instead of using single-dealer quotes or pricing service end-of-day runs to mark illiquid bonds, market participants can use multiple pricing sources, modeling techniques, and market indicators to derive a more accurate and up-to-date price on a bond. With this added level of pricing efficiency and dependability, market participants have grown more confident with electronic trading, utilizing smart machine learning models and AI to price entire portfolios of corporate bonds based off of reference prices such as Tradeweb AiPrice. The need for more reliable pricing extends to other areas such as exchange-traded funds (ETFs), which are priced based on these underlying bonds. Tradeweb’s recently-launched market data service leverages AiPrice to calculate real time Indicative Net Asset Values (iNAVs) for ETFs based on executable streaming bond prices. iNAVs provide intraday indications of an ETF’s value based on the market price of its constituents, ultimately helping boost trading confidence in the ETF and underlying credit markets. So, who are these players and how have they contributed to the advancement of electronic trading? Electronic incumbents and natives: They make markets and provide liquidity at scale, mostly through electronic means. Their experience in credit includes trading fixed income ETFs, which can be traded like a single security or redeemed for an underlying basket of bonds. Without electronic tools and channels, it would be difficult to manually price or move baskets of credit of the size they require, so the electronic infrastructure has evolved to meet the greater demands for liquidity and price transparency. In June, at a time when the proliferation of ETFs is helping to boost liquidity in debt markets, Citadel said it would use its experience and platform in ETF trading to offer US investment-grade bond trading to clients. Similarly, portfolio trading, or packaging a basket of bonds to buy and/or sell in a single trade, depends on the ability to price the basket of underlying bonds, find the right counterparty and arrive at a blended valuation – much of which can now be done electronically. Electronification and the integration of disparate infrastructure has made it far easier to aggregate, compile, and analyze this information which in turn, has encouraged smarter, more transparent credit markets. The platforms: Radical and disruptive when they launched, these trading platforms and registered broker-dealers originally sought out to provide institutional dealers and their buyside clients a venue for executing trades more efficiently, whether that meant conducting the trade either electronically, over the phone or through a combination of both. While the long-term trend towards electronification has certainly picked up since these platforms first came into existence 20+ years ago, the mission remains the same today: focus on innovation and creating electronic protocol solutions that remove friction from the trading experience. Today, more than 40% of corporate bonds trading daily do so via multi-dealer platforms and roughly 60% of those trades are done via the RFQ protocol – a testament to the power of electronification. Programmatic Traders: These players incorporate high frequency and algorithmic trading strategies to conduct trades and capture price disparities. They provide and improve liquidity through systematic market positioning. They and certain hedge funds use the A2A (all-to-all) trading protocol to be liquidity makers, not just liquidity takers. They also passively leave liquidity in the form of limit orders. Technology has made the pricing data they need to conduct these high-speed trades much more available and reliable. The market has also grown more confident in using third-party data on transaction costs to evaluate trades. Adaptive dealers: The market’s incumbents; they’re evolving and adapting to changes in the industry by investing in and supporting electronic infrastructure perhaps more than ever. While the trader/salesperson model still reigns supreme in credit, bulge-bracket dealers understand that employing technology in new and productive ways – for their desks and for their clients – is key to maintaining market leadership. The more credit trading standardizes and fees compress, the more maintaining a viable business will depend on scale and market share. Offerings like real-time streaming pricing services and proprietary algos are efforts to capture digital market share. Volumes tell the story Broader TRACE and Tradeweb volumes also demonstrate this shift to electronic trading. Both show consistent increases in total volumes and overall trading activity. For example, in the last five years, Tradeweb’s share of fully electronic U.S. High Grade TRACE and fully electronic U.S. High Yield TRACE has increased 5-fold to 16.6% and nearly 7-fold to 7.8% respectively.[1] Looking across the broader market, TRACE reported the highest number of credit trades ever done in its history this October. That same month, TRACE also reported the fourth highest notional volume of credit bonds traded. These volume and trade numbers suggest that electronic trading has contributed to a more efficient, liquid credit marketplace by providing a way to trade faster and at scale. Credit markets are continuing to evolve It’s clear that we have entered into the next wave of credit trading. A steady flow of new market entrants, coupled with changing behaviors of the old guard brought on by electronification, is bringing new liquidity to credit markets which in turn brings better pricing signals and attracts more players to the game. And all of this is possible because of greater electronic linkages between this network of participants. Over the next few years, we expect the question of how to evolve at a faster pace, as the tools and protocols we’ve identified to help us source liquidity get even smarter and even faster with time. As we look towards the future, the options for more electronification in credit seem endless with only 40% truly being traded electronically. For our part at Tradeweb, we look forward to continuing to work closely with our clients and fellow market participants to introduce new innovations, products and solutions that enhance the trading experience and encourage a more efficient, transparent and liquid generation of credit markets. [1] Fully electronic U.S. High Grade TRACE share was 16.6% in Q3 2023 (vs. 3.5% in Q3 2018); Fully electronic U.S. High Yield TRACE share was 7.8% in Q3 2023 (vs. 1.2% in Q3 2018) About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 40 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 2,500 clients in more than 65 countries. On average, Tradeweb facilitated more than $1.2 trillion in notional value traded per day over the past four fiscal quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements. We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods. Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. Contact Details Tradeweb Media Contact Daniel Noonan +1 646-767-4677 Daniel.Noonan@Tradeweb.com Company Website http://www.tradeweb.com

December 05, 2023 09:30 AM Eastern Standard Time

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ShotSpotter Faces Scrutiny as Studies Challenge Its Efficacy

MarketJar

As the US grapples with ever-rising gun violence, public safety companies are stepping up with innovative solutions to catch perpetrators in their tracks. But according to recent studies, some of these systems are coming up short. Tampa just renewed another contract for the controversial gunshot detection software owned by public safety technology company Sound Thinking (NASDAQ: SSTI), formerly ShotSpotter, reigniting debate about the system's actual usefulness in crime detection and prevention. The decision to renew its contract, at a cost of $280,000 to cover a four-square-mile area in East Tampa, was not without controversy. Council member Lynn Hurtak, the lone dissenting voice, highlighted the inefficacy of the system by citing an alarming number of false alerts in Chicago, where around 40,000 ShotSpotter alerts resulted in dead-ends for police. 1 The ShotSpotter system's effectiveness has been further questioned in other jurisdictions. In Kansas City, where ShotSpotter has been in use since 2012, a recent academic research project funded by the National Institute of Justice found that the technology did not significantly contribute to increased prosecutions of gun-related crime. Despite this, the Kansas City Board of Police Commissioners approved nearly $200,000 for a one-year renewal of ShotSpotter, indicating a commitment to the technology despite the study's findings. 2 These concerns are not isolated. A May 2021 study by the MacArthur Justice Center in Chicago raised serious doubts about ShotSpotter’s touted 97% accuracy rate. The study revealed that 89% of ShotSpotter alerts in Chicago turned up no gun-related crime, and 86% resulted in no crime at all. This discrepancy between reported efficiency and actual performance has stirred skepticism about the technology's reliability and its role in law enforcement. Amidst the growing concerns over the effectiveness of ShotSpotter, advanced public safety technology company Knightscope, Inc. (NASDAQ:KSCP) just announced the launch of its Automated Gunshot Detection (AGD) system, which boasts capabilities that could potentially outperform those of ShotSpotter. Revolutionizing Security with Automated Gunshot Detection Knightscope 's AGD system is designed for rapid response, capable of detecting a gunshot in less than 2 seconds. This swift detection is a significant improvement compared to ShotSpotter, which typically responds in under 60 seconds. In critical situations where every second counts, Knightscope’s faster detection could be the key to quicker law enforcement response and potentially more effective crime prevention and resolution. What’s more, Knightscope 's technology offers superior precision in locating a shooter. The AGD system can pinpoint the shooter's location within a two-meter radius, a stark contrast to ShotSpotter's 25-meter radius. This enhanced accuracy in determining the exact source of gunfire could prove invaluable in urban environments, where every meter can make a difference in effectively identifying and apprehending a suspect. The AGD systems, designed for both indoor and outdoor environments, are available as stand-alone sensors that can be easily mounted to existing structures or with the optional pole-mounting kit and solar power for increased installation flexibility. Knightscope, Inc. (NASDAQ:KSCP) clients will soon have the option to include AGD with new K1 Blue Light Tower orders or upgrade the existing 7,000 devices deployed nationwide. Knightscope 's introduction of such advanced technology into the market comes at a crucial time. With cities like Tampa and Kansas City evaluating the effectiveness of their current gunshot detection systems, the need for more accurate and responsive technology is clear. For those interested in learning more about Knightscope 's innovative projects, additional information can be found on the website of Knightscope, Inc. (NASDAQ:KSCP). Footnotes: [1] https://www.cltampa.com/news/tampa-renews-shotspotter-contract-but-questions-remain-about-the-gunshot-detection-softwares-usefulness-16820417 [2] https://www.kcur.org/news/2023-11-28/kansas-city-crime-shotspotter-gun-violence-homicides-police Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. 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Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

December 05, 2023 09:30 AM Eastern Standard Time

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FTN Network Closes Seed Funding Round, Oversubscribing Goal of $3 Million

FTN Network

FTN Network announced today that it has closed its seed funding round, oversubscribing its goal of $3 million in just two months from a group of private investors, led by investor Perry Gershon and a TechStars investment fund. Along with the raise, FTN saw tremendous growth in multiple areas of its business in Q3 of this year, headlined by over $1.05 million in quarterly total revenue, a 52% increase when compared to Q3 of 2022. FTN expanded throughout the year, signing football data guru Aaron Schatz, creator of the industry leading DVOA analysis, acquiring new fantasy business tools that helped FTN widen its customer base, and launching The FTN Fantasy Show on SiriusXM Radio, a compliment to FTN President Jeff Ratcliffe’s own industry leading presence on CBS television and SiriusXM Radio. FTN’s consumer subscription businesses alone are on par to exceed $1 million annual revenue for 2023, and nearly 60% growth over 2022. Additionally, the company is restructuring with Kevin Adams, FTN’s Founder and CEO, selling a majority of his equity to Gershon and taking on an advisory position with new responsibilities. Perry Gershon becomes FTN’s new Chief Executive Officer, effective immediately. Gershon, a career businessman, spent over 25 years as an industry pioneer in commercial real estate finance. Perry started his business ventures by developing and operating one of New York City’s first sports bars in 1987, the Polo Grounds. Perry was also the 2018 Democratic nominee in New York CD-1 for the House of Representatives. Former FTN CEO Kevin Adams will remain on FTN’s expanded Board of Directors in his new role and will also serve the Company in an advisory capacity as its Chief Strategy Officer. “With the success FTN has had in 2023, it’s key to continue to build on the foundation that Kevin and the rest of the team have created,” Gershon said. “The recent success gives us momentum and direction as we continue to develop FTN into the industry standard for those looking to get a leg-up when betting or playing fantasy sports.” About FTN Network FTN Network is a fantasy sports and betting media company with a thriving suite of consumer products along with an expanding sports data and analytics vertical that specializes in delivering business-to-business solutions. Founded in 2020, FTN gives the fantasy and sports betting community an edge through its own unique ecosystem, providing customizable tools that turn raw data into true insights while also offering expert analysis and content to help users make the most informed decisions possible. Contact Details Sterling A. Randle +1 801-319-6153 srandle@hotpaperlantern.com

December 05, 2023 09:02 AM Eastern Standard Time

Classiq Unveils Comprehensive Suite of Quantum Applications on GitHub, Driving the Future of Quantum Computing Implementation

Classiq Technologies

Classiq, a pioneer in quantum computing software, today announced the launch of a comprehensive suite of quantum applications, algorithms, functions and tutorials, now publicly available in Classiq’s GitHub Repository. These algorithms and applications are all built with the Classiq platform and are open to the Classiq community. This groundbreaking release marks a significant milestone in the practical implementation of quantum computing, ensuring software advancements keep pace with the rapidly evolving quantum hardware landscape. Classiq developed the suite of new applications to empower the quantum community – as well as those investigating quantum – with an innovative approach to software development. The Classiq platform has been engineered to cater to a broad spectrum of industries, showcasing versatile applications in finance, logistics, quantum chemistry, cybersecurity and more. This extensive collection includes widely recognized quantum algorithms such as Shor, Grover and HHL, alongside a host of quantum functions critical for building robust quantum software. “Classiq’s mission is to enable building quantum programs, efficiently and at scale. This open repository places many of the common quantum programs at your fingertips,” said Amir Naveh, Chief Product Officer and co-founder of Classiq. “This provides our users the best way to learn how to build something new with Classiq. We believe this helps the quantum community build better and smarter quantum algorithms, at an accelerated pace.” At the core of Classiq’s philosophy is the belief that quantum algorithms should first be conceptualized as models. This unique approach enables the creation of optimized, hardware-aware versions of these algorithms. With the new application suite, the quantum community can easily explore and adopt this novel methodology for quantum software creation. Classiq also ensures that all resources in the GitHub repository synchronize with the latest version of the Classiq platform, providing a seamless and hassle-free experience for users. The repository is rapidly growing, with monthly additions from Classiq’s team, users and the broader community, reflecting the dynamic nature of the quantum computing field. In fact, Classiq welcomes contributions from those keen on shaping the future of quantum software. Enthusiasts are encouraged to join the collaborative effort, contribute to the growing library of applications and algorithms and engage with the community for support and feedback. All resources are accompanied by Jupyter notebooks and.qmod files, Classiq’s proprietary modeling language, ensuring easy accessibility and usability. Classiq’s commitment to education and hands-on learning is further reflected in a comprehensive library of tutorials, designed to maximize the potential of the Classiq platform. There are many ways to get involved: Participate in the Classiq Slack community Explore the capabilities of the Classiq platform Try implementing via Classiq’s GitHub Repository Classiq is at the forefront of the quantum revolution, bridging the gap between quantum hardware advancements and software development. With this comprehensive suite of quantum applications, Classiq reaffirms its commitment to fostering a vibrant, collaborative and cutting-edge quantum computing ecosystem. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform (IDE, compiler and OS) with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment that automates quantum programming ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Classiq also works closely with advanced computation hardware providers providing software for use with quantum computers, HPC and quantum simulators. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, join the Slack community, or try the Classiq platform. Contact Details Rainier Communications Michelle Allard McMahon classiqPR@rainierco.com Company Website http://www.classiq.io/

December 05, 2023 09:00 AM Eastern Standard Time

Primax Electronics Showcases Unique Content Creation Products, Smart Access Solutions, and Innovative PC Peripherals at CES 2024

Primax Electronics Ltd.

TAIPEI, TAIWAN - Media OutReach Newswire - 5 December 2023 - Primax Electronics Ltd. (TWSE: 4915) today announced its participation in CES 2024, where it will showcase a wide range of products and technologies. As a leading ODM manufacturer with expertise in interface, visual and audio solutions, CES provides the ultimate platform for Primax to connect and collaborate with existing and potential partners, allowing it to display its one-stop-shop and high-quality customizable solutions to the world. To learn more, please join Primax at CES 2024 CES Booth No. 1713 Las Vegas, Westgate January 9-12, 2024 User Experience – Haptic ForcePad and Waterproof Sealed Keyboard Primax's Haptic ForcePad simulates tactile experiences to fingertips based on application, making it a powerful tool that engages users' sense of touch to enhance digital interactions. By providing tactile sensations and vibrations, Primax's haptic feedback adds a new dimension to user experiences, creating more immersive, intuitive, and memorable interactions. Design-wise, Primax ensures zero dead-zone, and a uniform force is present across touchpads of all sizes, allowing user feedback to be precise and true. Afraid of spills and stains? Primax's ultra-portable, wireless waterproof keyboard features a special 3D-seal with the thinnest double-layer PU, at just 0.07mm, which allows it to be waterproof, comfortable, and avoids stains and is easy to clean with sprays and wipes. Content Creation – Control Deck, Webcaster And 4K AI Camera for Streaming and Conferencing Consumers are increasingly using live video streaming apps to interact with friends, family and followers. With live streaming going mainstream, Primax is offering content creators advanced solutions for live streaming, podcasting, video editing, and video conferencing. Our line-up includes a range of control decks and webcasters for PC or mobile devices, supporting both live streaming and post-production applications. Primax's full product range for content creation showcases our commitment to deliver flexible, convenient, and high-performance solutions to meet diverse user demand. Primax's AI Smart Camera has ultra-clear video capture with AI-enhanced functions allowing it to auto-follow and provide powerful beautification functions to its users. Capable of up to 4K ultra-high resolution, Primax's AI Smart Camera produces clear and vibrant pictures, even in low-light environment, making it an ideal upgrade for video conferences and gaming. Gaming – Stylish Gaming Headsets Featuring Best Audio Quality Primax's turnkey premium wireless gaming headset features both boom and boomless microphones, allowing users to communicate in any style for different occasions. Primax's active noise cancelation technology reduces unwanted background noise, and our wireless gaming headset offers a unique ultra-lightweight design that allows prolonged usage without discomfort. Smart Access Solution – Smart Lock, Doorbell and Access Control For system integrators, Primax has announced a new series of smart access locks and doorbells, elevating connectivity, and security, while offering customization options to our customers. WallE-S offers multiple unlocking options using passcodes, 3D facial recognition, NFC cards, mobile apps, and traditional keys. Primax's cutting-edge structure light 3D facial recognition ensures instant recognition in under one second, maintaining high accuracy in both daylight and nighttime. Primax's scalable facial recognition infrastructure has a maximum capacity of over 10,000 faces, making it a perfect choice for small and medium-sized businesses (SMBs). Scott-M provides high accuracy of smart access for homes and SMBs, using 3D 2NIR technology for variable lighting conditions. Integrated with WiFi 6 with support for Matter, Scott-M allows connections to wireless networks for increased security and reliability. Buzz-HaLow is a groundbreaking doorbell solution that revolutionizes the concept of connectivity and security. Leveraging WiFi HaLow technology, Buzz-HaLow boasts unparalleled connectivity with strong penetration capability and extreme long-range wireless communication of over 1 kilometer. Designed for application integrators and specialist distributors catering to large estates, buildings, off-site entrances, and off-grid structures, Buzz-HaLow is poised to redefine standards in connectivity and security. About Primax Electronics Ltd. As a leading supplier of best-in-class solutions for information, electronics, and consumer products, Primax provides customers with a one-stop-shop solution for interface, visual and audio technologies. Primax's end-to-end smart IoT engineering and integration capabilities would allow business partners smarter access and take advantage of its wide array of technologies. For more product information and insights, visit us at: https://www. primax.com.tw/ Contact Details Angela Liu angela@GlobalPR.agency

December 05, 2023 09:00 AM Eastern Standard Time

Classiq and Oxford Quantum Circuits Partner to Advance Seamless Quantum Computing and Data Center Convergence

Classiq Technologies

Classiq, a leading quantum software company, and Oxford Quantum Circuits (OQC), a pioneering quantum computing hardware company, today announced a partnership that aims to make advanced quantum computing more accessible and streamlined for users across research and industry. Classiq provides an end-to-end quantum software platform that automates the process of developing quantum software and executing it on quantum processors. The company's proprietary technology automatically synthesizes optimized quantum circuits from functional models, high-level quantum code or via Pyomo integration. OQC is focused on developing and building enterprise-ready quantum computers based on superconducting qubits. The company is committed to working with the best software partners to ensure ease of use and seamless implementation for its quantum systems. By partnering, Classiq and OQC will offer users a smooth flow including modeling, debugging, automatic quantum circuit synthesis, circuit optimization and execution on OQC's cutting-edge quantum hardware. Classiq's platform will be expanded to support executing algorithms optimized for OQC’s quantum processors, providing developers more options to select the right quantum backend for their needs, including the recently announced next-gen OQC Toshiko machine. As part of this collaboration, they will partner to further integrate their respective technologies with data centers and HPC (high-performance computing). "We’re excited to partner with OQC and help make their innovative quantum systems easily accessible to users through our software," said Nir Minerbi, CEO and co-founder of Classiq. "Together, we invite quantum developers to experience a streamlined workflow from design all the way to state-of-the-art hardware execution." "Classiq's software helps unlock the power of quantum by abstracting away complexity for developers. We are thrilled to be partnering with them to ensure our hardware can be used seamlessly by a broad quantum community to achieve real-world impact," said Ilana Wisby, CEO of OQC. This collaboration reflects both companies' commitment to advancing the quantum ecosystem by bringing together world-class quantum software and hardware. The joint solution will empower users across industries to realize the benefits of quantum computing and build the quantum future. About OQC OQC is the globally leading enterprise-ready quantum compute company. We bring quantum to our customers’ fingertips and enable them to make breakthrough discoveries. OQC Toshiko, a powerful and secure 32-qubit quantum computing platform, is now in private beta and coming soon on public cloud and data centre fabric. For more information: For more information: www.oxfordquantumcircuits.com About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform (IDE, compiler and OS) with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment that automates quantum programming ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Classiq also works closely with advanced computation hardware providers providing software for use with quantum computers, HPC and quantum simulators. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, join the Slack community, or try the Classiq platform. Contact Details Rainier Communications Michelle Allard McMahon classiqPR@rainierco.com Company Website http://www.classiq.io/

December 05, 2023 09:00 AM Eastern Standard Time

Novidea Adds Ido Peled as Senior Vice President of Product

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, and wholesalers, has named Ido Peled as senior vice president of Product. In his new role, Peled will lead Novidea’s global product team, driving the strategic direction, development, and overall success of its insurance management platform, ensuring it remains at the forefront of technological advancement in the insurance industry. Prior to joining Novidea, Peled was the chief product and marketing officer for Taranis, an agricultural technology (AgTech) provider that created the industry’s leading crop intelligence platform. Before that, Peled spent 14 years at education software provider Ex Libris, now part of Clarivate, where he held various roles, including director of solutions architecture and vice president of solutions and marketing. He holds a Bachelor’s Degree in Computer Science from Tel Aviv University. Peled will focus on continued product development momentum by streamlining processes and enhancing collaboration within the product department. Novidea's commitment to agility and efficiency is reinforced by this strategic move, setting the stage for unprecedented innovation in the insurance technology sector. "Ido has the ideal technical skillset and business experience to lead our product team and increase our competitive edge globally," said Erez Nissim, CTO of Novidea. “With Ido leading our product management team, we have the right leadership in place to continue providing innovation, quality and value to our customers worldwide.” “The insurance industry is experiencing a significant shift that hinges on technological innovation. Insurance organizations that make the right tech investments to digitalize their operations and optimize efficiencies will win the race. I’m eager to dig in and work closely together with the Novidea product team to ensure that we are exceeding customers’ expectations and delivering the innovative solutions they need to get ahead,” said Peled. With the addition of Peled, Novidea continues to augment its leadership team, building upon a series of strategic hires made over the last 12 months. This includes the appointment of Erez Nissim as CTO and Yaniv Cohen as CCO. By assembling a team of exceptional talent, Novidea reinforces its position as a top innovator in the global insurance technology landscape. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. An Insurtech 100 Company for two consecutive years, Novidea supports more than 100 customers across 22 countries. For more information, please go to: www.novidea.com Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Simon Hayes +44 7771 516544 simon@nextgencomms.com

December 05, 2023 08:00 AM Eastern Standard Time

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OPPO and Fashion Pioneer AMBUSH® Launch Exclusive New Accessory for the OPPO Find N3 Flip

OPPO

SHENZHEN, CHINA - Media OutReach Newswire - 5 December 2023 - OPPO, a leading smart device brand, announced a new collaboration with fashion house AMBUSH®. The collaboration centers on a unique, stylish Flipped Padlock smartphone case designed exclusively for the OPPO Find N3 Flip by AMBUSH® Creative Director, YOON. As OPPO's latest collaboration in the world of fashion, the new campaign extends OPPO's commitment to exploring the frontiers of fashion through its compact yet powerful Find N Flip series phones. Through the collaboration, OPPO and AMBUSH® seek to reimagine the intersection of style and functionality with the new OPPO X AMBUSH FLIPPED PADLOCK, inspired by the Heart Padlock Bag designed by YOON. Perfectly embodying OPPO's brand mission, "Inspiration Ahead," the Flipped Padlock stays true to YOON's signature heart-shaped design, enveloping the compact OPPO Find N3 Flip in a trendy, eye-catching pink shade for a chic look. The OPPO X AMBUSH® collaboration goes beyond what meets the eye. The two brands have intertwined their unique styles to present a dynamic fusion of cutting-edge technology and pioneering fashion that resonates with today's tech-savvy style icons. By bringing together the powerful yet compact OPPO Find N3 Flip with YOON and AMBUSH®'s forward-looking designs, the partnership showcases how technology and fashion can be flawlessly blended. "I've been a sci-fi fan since I was a kid, and technology development has always inspired my designs. The return of the Flip phone trend has brought me back to the late 1990s, a pivotal time in fashion, when futuristic styles were on the rise, and people started using style as a status symbol. This collaboration explores how the smartphone, our most-used technology product, can become an extension of who we are. With the Flipped Padlock and Flip phone, you can be anyone you want to be, which is exactly what AMBUSH® has always stood for," said YOON, Creative Director of AMBUSH®. Like AMBUSH®, the OPPO Find N3 Flip fuses vintage and modern inspiration with its retro flip design and cutting-edge technology. In its design of the Flipped Padlock, AMBUSH® has taken cues from the sleek body and powerful performance of the Find N3 Flip to create a one-of-a-kind accessory that collides Y2K style with contemporary trends. AMBUSH®'s imprint on the Flipped Padlock stands out instantly, thanks to its heart shape and metal padlock handle. Like these contrasting elements, the Flipped Padlock allows the wearer to flip the script on any situation too. No matter the circumstances, a flip is all that's needed to unlock a boundless world. The OPPO X AMBUSH FLIPPED PADLOCK case for the OPPO Find N3 Flip is set to debut in December in China, Thailand, India, Indonesia, Malaysia, Singapore, and the Philippines. To learn more about the OPPO X AMBUSH FLIPPED PADLOCK and availability, please visit the official campaign website. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - "Smiley Face" - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. About AMBUSH® AMBUSH® was founded in 2008 by YOON and VERBAL as an experimental line of jewelry - innovative pop art-inspired designs capturing a distinct Tokyo aesthetic. The iconic trademarked POW!® motif received wide media coverage around the world. With apparel created as a canvas to complete the aesthetic YOON envisioned, AMBUSH® evolved into unisex ready-to-wear collections. The brand made its Paris debut in 2015 with YOON and VERBAL listed as two of Business of Fashion's Top500 people influencing the global fashion industry for 4 consecutive years since 2015. In 2017 AMBUSH® was selected as one of the top 8 finalists for the LVMH PRIZE. AMBUSH®'s uniquely crafted parts form an idiosyncratic style that led to commissions and collaborations with an illustrious list, including Nike, Converse, Rimowa, Moët & Chandon, Gentle Monster, Bvlgari, Sacai, UNDERCOVER and others. In 2018, AMBUSH® debuted at Amazon Fashion Week Tokyo. In the same year, Kim Jones named YOON as Jewelry Director for Dior Men, with the first creations for the house appearing in the S/S 2019 collection in Paris. In 2022, AMBUSH® presented the brand's first runway at Milan Fashion Week and began experimenting with Web3 and other technologies to enhance the customer experience. AMBUSH® opened its first Tokyo flagship store in September 2016; the second store in Tokyo opened in 2019. The brand expanded globally in 2022 and 2023 with new stores in Shanghai, Hong Kong, and Ginza. These spaces encapsulate the brand's ethos and extend the AMBUSH® Universe. Contact Details OPPO Media Contact press@oppo.com

December 05, 2023 03:51 AM Eastern Standard Time

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Sector SPDR ETFs Provide Access to Precision Investing Through Sector-Based Approach

Select Sector SPDR

In the dynamic world of investing, Exchange-Traded Funds (ETFs) have emerged as a powerful tool for investors seeking diversification, flexibility, and a more sector-driven approach. A suite of ETFs, known as Sector SPDR ETFs, allows investors to access specific market segments by offering a lens to view the market through sectors rather than size and style. Sector SPDR ETFs provide a solution to the challenge of passively accessing specific market segments. They segment the S&P 500 into investable sectors, covering all broad market segments. This appeals to a wide range of investors, offering targeted access to industries and enabling strategic portfolio balancing based on market dynamics. The lineup includes ETFs focused on various sectors. Included in the selection are: Communication Services Select Sector SPDR Fund (XLC) Consumer Discretionary Select Sector SPDR Fund (XLY) Consumer Staples Select Sector SPDR Fund (XLP) Energy Select Sector SPDR Fund (XLE) Financials Select Sector SPDR Fund (XLF) Health Care Select Sector SPDR Fund (XLV) Industrials Select Sector SPDR Fund (XLI) Materials Select Sector SPDR Fund (XLB) Real Estate Select Sector SPDR Fund (XLRE) Technology Select Sector SPDR Fund (XLK) Utilities Select Sector SPDR Fund (XLU) These ETFs from Select Sector SPDR offer an easy and transparent approach to sector investing. They allow investors to cover the entire market using different weightings, depending on personal preferences and individual investor goals. These funds are built by well-known, large-cap companies, drawing from the S&P 500 for their equities. While the market's machinations can sometimes be unpredictable, having broad exposure through segmented industries provides flexibility without having to pick a single stock. These sector ETFs allow for both diversification and customization, catering to various individual investment goals. In the ever-evolving landscape of investing, Sector SPDR ETFs stand out as a powerful tool for both diversification and precision. As we navigate the complexities of the investment world, the role of such innovative financial instruments will continue to grow, shaping the future of investing. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007069 EXP 1/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

December 04, 2023 03:30 PM Eastern Standard Time