Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

News Release

Wishpond shares 2Q financials including a healthy jump in quarterly revenue year-over-year

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to discuss the company's second-quarter financial results, which reveal notable growth in revenue attributed to various factors, including increased product demand, expanded sales and marketing efforts, and the introduction of new products. Pais informed Proactive that during 2Q 2023, the company achieved revenue of $5,639,417, marking a 13% increase from the $5,007,343 generated in the corresponding period of 2022. Notably, Wishpond also achieved a positive adjusted EBITDA of $215,926, signifying a substantial 212% increase from the previous year. Tajskandar added that in this quarter, the company successfully finalized the acquisition of Essential Studio Manager (ESM), a significant addition to its portfolio and the sixth acquisition in the company's history. The integration of ESM broadened Wishpond's offerings to include features like invoicing, customer relationship management, and business management functionalities. Moreover, Wishpond has been diligently working on the development of additional AI-powered marketing tools, set to be launched in the upcoming quarters. He also touched on a game-changing AI product, Sales Closer AI, capable of autonomously handling sales calls, which could revolutionize the sales industry. Tajskandar also emphasized the growing popularity of the company's flagship Propel IQ platform, which has been gaining traction in the market. Early indicators point to improved margins and increased customer retention for this platform, reflecting its robust value proposition. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:27 PM Eastern Daylight Time

Video

News Release

Toggle3D.ai announces company is now trading on the OTCQB using the ticker TGGLF

Toggle3D.ai Inc

Toggle3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to discuss the company's recent achievement of having its common shares listed for trading in the US on the OTCQB Venture Market. The company's stock symbol on this market is TGGLF. Gappelberg conveyed to Proactive that being listed on the OTCQB Venture Market signifies a significant step forward for Toggle3D.ai. The listing is subject to meeting elevated financial standards and disclosure requirements, demonstrating the company's commitment to maintaining transparency, adhering to good governance practices, and achieving a certain level of financial and operational success. The OTCQB Venture Market is known for being a reputable and well-regulated platform for trading stocks, which can offer enhanced visibility, accessibility, and liquidity for companies. By successfully uplifting to this market, Toggle3D.ai is positioning itself to tap into a broader pool of investors and potentially expand its reach in the US. Gappelberg's discussion highlights Toggle3D.ai's dedication to its growth trajectory and commitment to providing valuable investment opportunities for stakeholders. As the company continues its journey, its presence on the OTCQB Venture Market is anticipated to contribute to its overall market exposure, potentially driving further interest and engagement from investors in the U.S. and beyond. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:21 PM Eastern Daylight Time

Video

Sofy’s Monthly Active Users Grow 20x: Cloud Device Lab Opens to Meet Customer Demand

Sofy

Today Sofy, a testing platform for software developers which accelerates product release times by 95 percent, opened a new cloud device lab. Based in Dallas, the facility provides mobile app developers with immediate access to an assortment of new iOS and Android devices. Developers around the world can run QA tests on real devices without writing a single line of code. “We’re launching our new facility as a direct result of customer demand,” said Syed Hamid, founder and CEO, Sofy. “Over the past six months, our existing customers have doubled their average device usage time, and our monthly active users have grown 20x. We needed another facility to host more physical iOS and Android devices, ensuring that developers can access any device they need with 99.99% availability.” Sofy’s cloud device lab offers distinct advantages over both emulators and in-house device labs. Emulators only mimic real devices and cause significant headaches if hardware or software conditions change, while in-house device labs are expensive and require continual maintenance. Sofy’s cloud device lab provides genuine testing environments, ensuring accurate assessment of app performance, usability, and compatibility across a fragmented device landscape. By offering a robust array of devices via the cloud, testers can quickly identify and address issues that may only surface in real-world usage scenarios. This ultimately leads to the creation of reliable and polished apps. More information on Sofy’s device lab is available here: https://sofy.ai/products/device-lab/. A free trial is also available for users to test complex apps at scale here: https://gosofy.com/freetrial About Sofy: The best way to automate is not to write automation code but rather leverage the power of AI to create resilient, no-code automation so QA teams can focus on testing. Sofy is an intelligent tool that simplifies testing and saves time, increases productivity, and shortens testing cycles. Sofy is powered by machine learning and real devices to let QA teams simplify manual, automated, and robotic testing while saving time and money. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://sofy.ai/

August 22, 2023 09:00 AM Pacific Daylight Time

US Tech volatility presenting opportunities this week - OptionsDesk

Options Desk

OptionsDesk broker Simon Hanouka speaks to Thomas Warner from Proactive at the end of a bruising ten-day period for the FTSE 100, and a head of a busy week of tech earnings in the US. Hanouka addresses this morning's change in fortunes for London's blue chip index, which gained around 1% in early trading following the announcement of measures to boost the Chinese economy and the strong performance of London's energy companies. He adds that European stocks are also showing higher sentiment. Over in the US, markets are expecting fresh earnings data from tech operators Zoom and NVIDIA. NVIDIA faces high expectations after a remarkable 200% stock rise this year. With concerns over demand fulfilment following disappointing figures from their supplier TSM, AMD's new AI chip release presents an opportunity. Hanouka suggests considering put spreads for potential plays on NVIDIA and emphasises the need for protective options on the S&P ahead of the upcoming Jackson Hole event. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 22, 2023 09:38 AM Eastern Daylight Time

Video

SPARK Microsystems rejoint l'Alliance mondiale des semi-conducteurs

SPARK Microsystems

SPARK Microsystems, une entreprise canadienne de semi-conducteurs spécialisée dans les communications sans fil à courte portée de nouvelle génération, a annoncé aujourd'hui qu'elle était officiellement devenue membre de la Global Semiconductor Alliance (GSA), la voix de l'industrie mondiale des semi-conducteurs. Cette affiliation témoigne de l'engagement de SPARK à stimuler l'innovation, à favoriser l'adoption des technologies et à relever en collaboration les défis qui se posent à l'ensemble de l'industrie. « La GSA est un catalyseur important pour la collaboration au sein de l'écosystème mondial des semi-conducteurs ». a déclaré Fares Mubarak, PDG de SPARK Microsystems. « Devenir membre permet à SPARK, qui met l'accent sur le développement durable, d'apporter des contributions importantes à la communauté des semi-conducteurs qui partage notre passion pour l'innovation, la collaboration et le progrès technologique ». SPARK Microsystems est un leader de la technologie sans fil à courte portée. Les émetteurs-récepteurs sans fil de la société exploitent le spectre à bande ultra-large pour réduire considérablement la consommation d'énergie des appareils connectés, tout en offrant les débits de données élevés et la faible latence synonymes de connexions filaires - sans les fils. Que ce soit pour le gaming ou les applications IoT, ces attributs de performance sont essentiels pour permettre la prochaine génération d'appareils mobiles connectés sans fil et de capteurs optimisés pour une efficacité énergétique élevée. « La Global Semiconductor Alliance est ravie d'accueillir SPARK Microsystems dans son réseau d'entreprises technologiques innovantes", a déclaré Jodi Shelton, PDG de la GSA. "Les solutions uniques de SPARK dans le domaine de la technologie sans fil à courte portée à haute performance et à faible consommation d'énergie, son engagement en faveur de l'efficacité et de la durabilité, et sa volonté d'excellence en matière d'innovation font de cette société un ajout idéal à notre alliance. Nous sommes impatients de travailler avec l'équipe de SPARK pour façonner l'avenir de l'industrie des semi-conducteurs ». La GSA offre à SPARK une plateforme internationale pour présenter sa technologie et contribuer au dialogue mondial sur les défis et les opportunités liés aux semi-conducteurs. La GSA représente plus de 25 pays et 250 entreprises membres, dont 100 entreprises publiques. Grâce à sa plateforme unique et neutre, les membres de la GSA vont des entreprises émergentes les plus prometteuses aux piliers de l'industrie des semi-conducteurs et aux leaders technologiques. Ses membres représentent 70 % de l'industrie des semi-conducteurs, qui pèse plus de 450 milliards de dollars. En s'associant à la GSA, SPARK aura l'occasion de collaborer avec ces leaders de l'industrie et d'influencer l'orientation de l'industrie des semi-conducteurs à l'échelle mondiale. À propos de SPARK Microsystems SPARK Microsystems construit la prochaine génération de dispositifs de communication sans fil à courte portée. SPARK fournit des liens de communication sans fil à haut débit et à très faible latence avec un profil de puissance ultra-faible, ce qui le rend idéal pour les réseaux personnels (PAN) utilisés dans les produits mobiles, grand public et connectés à l'IoT. S'appuyant sur des technologies brevetées, SPARK Microsystems s'efforce de minimiser et, à terme, d'éliminer les fils et les batteries d'un large éventail d'applications tout en offrant une performance semblable à celle d'un fil. Pour plus d'informations, veuillez consulter www.sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:31 AM Eastern Daylight Time

SPARK Microsystems Joins Global Semiconductor Alliance

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, announced today that it has officially become a member of the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry. This affiliation signifies SPARK’s commitment to driving innovation, fostering technology adoption, and addressing industry-wide challenges collaboratively. "GSA is an important catalyst in building collaboration within the worldwide semiconductor ecosystem.” Said Fares Mubarak, CEO, SPARK Microsystems. “Becoming a member enables SPARK, with its specific focus on sustainability, to make important contributions to the semiconductor community who share our passion for innovation, collaboration, and technology advancement.” SPARK Microsystems is at the forefront of short-range wireless technology. The company’s wireless transceivers leverage the ultra-wideband spectrum to dramatically reduce energy consumption for connected devices while delivering the high-data rates and low latency synonymous with wired connections – without the wires. From gaming to IoT applications, these performance attributes are essential for enabling the next generation of wireless connected mobile devices and sensors optimized for high energy efficiency. "The Global Semiconductor Alliance is delighted to welcome SPARK Microsystems into our network of innovative technology companies," said Jodi Shelton, CEO of the GSA. "SPARK's unique solutions in high performance, low power short-range wireless technology, its commitment to efficiency and sustainability, and its drive for innovative excellence makes the company an ideal addition to our alliance. We look forward to working with SPARK’s team to shape the future of the semiconductor industry." The GSA offers SPARK an international platform to showcase its technology and contribute to the global dialogue around semiconductor challenges and opportunities. The GSA represents over 25 countries and 250 corporate members, including 100 public companies. As a result of its unique, neutral platform, GSA membership ranges from the most exciting, emerging companies to semiconductor industry stalwarts and technology leaders. Its members represent 70% of the $450B plus semiconductor industry. By partnering with the GSA, SPARK will have an opportunity to collaborate with these industry leaders and influence the direction of the semiconductor industry on a global scale. About SPARK Microsystems SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:29 AM Eastern Daylight Time

Bearish On Nvidia (NASDAQ: NVDA) Before Earnings? Check Out This Unique ETF

Benzinga

By Rachael Green, Benzinga Nvidia Corporation (NASDAQ: NVDA) seems to have become something of a bellwether of the larger AI industry. The chipmaker makes the graphics processing units (GPUs) that well-known AI tech like ChatGPT use to run, and the company is widely expected to cash in on the emerging technology. As a result, NVDA shares have been trending up since the fall of last year and are currently up more than 200% year-to-date. But some investors aren’t convinced the stock can keep up this momentum indefinitely – at least not without some bumps in the road. For those who may see a bubble, those bumps could translate into profitable trades if played right. Here are a few reasons some traders are bearish on NVDA. Unprecedented Demand Growth Could Exceed Nvidia’s Manufacturing Limits While few are questioning the demand for Nvidia’s GPUs, rumors of a looming GPU shortage could inadvertently have a snowball effect on new AI research. AI technology takes a significant amount of time and money to develop. The hardware, the massive quantities of data, and the specialized expertise needed to create AI that lives up to the hype don’t come cheap—and then there’s the sunk time in developing and training the AI that could have been spent on R&D with a little more certainty. So if developers can’t be reasonably certain that the GPUs they need will even be available, some companies might decide to hold off on their AI projects until supply is a little more stable. Right now, NVDA’s growth has a lot of future revenue potential built into it so news that the chip maker might not be able to scale production fast enough to make enough chips to meet rising revenue forecasts could be enough to push shares down at least temporarily. Nvidia Chip Shortage Would Create An Opening For Competition Nvidia seems to be dominating the AI space right now, but it’s far from the only chip maker in the game. Some of its most-watched competitors include Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), Cerebras, and Alphabet (NASDAQ: GOOGL). If Nvidia faces a hiccup in production as it tries to scale production to meet this unprecedented demand, that could open the door just enough for these competitors to gain a foothold in the market. AMD is developing a family of chips that will compete with Nvidia on performance. Unlike Nvidia, AMD also offers an open software ecosystem called ROCm, giving developers a lower-cost, more flexible entry point into AI development. This could make it a key competitor among smaller developers and startups in particular. Intel, on the other hand, is already one of Nvidia’s strongest chip-making competitors though it’s still lagging behind Nvidia when it comes to GPUs specialized for AI. Intel acquired Habana in 2019, getting the Israel-based developer’s line of Gaudi AI chips as part of the deal. So far, the Gaudi chips aren’t as fast as Nvidia’s latest GPUs, but they are competitive on price and do offer enough performance for some lighter-duty AI tasks. The company is also working on Sapphire Rapids, a server CPU with built-in accelerators to handle generative AI. Nvidia might have the edge now while it’s the only major player in the game, but as these competitor products roll out, it’s going to get harder for the chip maker to hold onto its lead—especially if it’s already struggling to scale production. Trade NVDA Dips With The AXS NVDA Bear Daily ETF For investors who are near-term bearish on Nvidia or are looking for a short-term hedge on their existing long position, consider using the AXS 1.25x NVDA Bear Daily ETF (NVDS). NVDS is a leveraged ETF designed by AXS Investments to seek 125% of the inverse of NVDA’s daily performance. This leverage can help magnify the performance of each trade so that even smaller, short-lived dips have the potential to generate meaningful gains for traders. Use of this ETF also avoids having to source a borrow on NVDA from your broker which can be a hassle at times. At the same time, leveraged ETFs do come with additional risk and NVDS is not intended to be held for longer than a day. So it’s especially important that traders do their research and understand how to incorporate the leveraged ETF into their overall trading strategy. But when used carefully, NVDS could be a great tool for turning your bearish assumptions about Nvidia into potential yield. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2023 09:25 AM Eastern Daylight Time

ESE Entertainment Enters Strategic Partnership With BlackPines, To Sell 70% Stake In GameAddik To BlackPines For About $9 Million

Benzinga

By Faith Ashmore, Benzinga ESE Entertainment (OTCQX: ENTEF) (TSXV: ESE) is a leading global technology company that operates primarily in the gaming and esports industry. In the gaming industry, ESE provides crucial technology solutions to video game developers, publishers and brands, and the company is actively involved in fan engagement services globally. It also operates its own e-commerce channels. However, the company is most well known for its involvement in the esports industry. A prominent player in the global gaming and esports industry, ESE recently announced an all-cash transaction – the company has reached an agreement with an affiliate of BlackPines Capital Partners Ltd. to sell 70% of the shares of its subsidiary, GameAddik. The remaining 30% of GameAddik's shares will still be owned by ESE. As part of the deal, BlackPines will pay ESE a total of $9,100,000 in cash for the purchase, with some adjustments to the final amount. Additionally, 15% of the payment will be held back initially to cover any potential indemnification obligations from ESE. This holdback will be released to ESE in two portions, with one portion after 6 months and the other after 12 months, depending on any outstanding claims. "We couldn't be more excited about our investment in GameAddik and partnership with ESE Entertainment," said Darren Huston, CEO & Founder of BlackPines. "We have an ambitious plan to invest in and grow the business, and to help an already outstanding team deliver industry-best marketing ROIs to a growing roster of PC game industry customers.” Darren Huston has a strong background and expertise in the technology and travel industries, he has consistently demonstrated exceptional leadership and strategic vision. One of the most notable successes in Darren Huston's career was his tenure as the CEO of Priceline Group, one of the world's largest online travel companies. Under his leadership, the company experienced significant growth and expansion, solidifying its position as a global leader in the travel industry. Through strategic acquisitions and innovative business strategies, Huston successfully steered Priceline Group towards sustained profitability and market dominance. Another remarkable highlight of Darren Huston's successful career was his role as the CEO of Booking.com, a subsidiary of Priceline Group. During his tenure, he played a pivotal role in transforming Booking.com into one of the world's leading online hotel reservation platforms. Under his guidance, the company focused on enhancing the user experience, and the platform witnessed tremendous growth, capturing a significant share of the online hotel booking market. His involvement in the ESE transaction is notable for the company’s positive outlook. Konrad Wasiela, CEO of ESE shared his thoughts on the transaction, sharing, "This transaction and partnership with BlackPines marks a significant milestone in ESE's growth trajectory. We're aligning our growth path with a proven technology executive and entrepreneur with world-class exits. We're confident that this partnership will propel GameAddik, and ESE as a whole, into a period of growth. The synergy will empower GameAddik to harness its full potential, further enabling ESE to deliver premier services to the gaming community. As we retain a strategic stake in GameAddik, we'll continue to be a part of its journey, ensuring this partnership fuels mutual growth and success in our industry." This agreement marks an important step for ESE as it continues to strategically navigate its business operations and partnerships in the gaming industry to drive continued growth. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2023 09:25 AM Eastern Daylight Time

Shapeways Transforms Multi-Billion-Dollar Manufacturing Industry; Its Proprietary Software Empowers On-Demand Production

Benzinga

By David Willey, Benzinga Shapeways Holdings, Inc. (NASDAQ: SHPW), a leading digital manufacturing company, is positioned to transform the global manufacturing industry. The company has advanced its mission by providing on-demand manufacturing services at scale, simplifying complex production processes via proprietary software. Shapeways also provides its digital manufacturing software platform to other companies, enabling them to digitize operations, grow revenue, increase profitability, and expand their manufacturing capabilities. The global manufacturing market is challenged with slow, inflexible processes focused on mass production, and often fails to meet evolving customer needs. Shapeways addresses these challenges by enabling customers to access high-quality, on-demand manufacturing services. This not only speeds up time-to-market but also reduces cost, and offers flexibility for adapting to changing requirements. By leveraging software, Shapeways has digitized the end-to-end manufacturing process and is helping other manufacturers do the same as they reshape the global manufacturing industry. Manufacturing Solutions Shapeways operates in the global digital manufacturing market, worth $276 billion in 2020 according to Allied Market Research, and predicted to reach $1.3 trillion by 2030 at a compound annual growth rate (CAGR) of 16.5% over the decade. The company’s mission is to integrate modern technology into the global manufacturing framework, introducing fresh perspectives and practical solutions for optimizing the entire manufacturing process–beginning with product development. Shapeways recognizes major challenges in the manufacturing industry, mainly stemming from a sluggish response to shifting market needs. Traditional manufacturing's focus on mass production often restricts the options available to clients. To counter this, Shapeways introduces transformative solutions like additive manufacturing to enhance flexibility and adaptability. According to a Smithers report, “ The Future of 3D Printing to 2027,” the additive manufacturing industry, where Shapeways plays a key role, was worth $5.8 billion in 2016 and is predicted to reach $55 billion in 2027 at a compound annual growth rate (CAGR) of 23% during the forecast period. To date, the company has manufactured over 24 million unique parts delivered to more than 1 million customers in over 180 countries. Shapeways reports strong customer relationships, with a less than 1% complaint rate and a 98% on-time delivery rate for its manufactured parts. Software Solutions The Shapeways-owned OTTO software offering is a comprehensive manufacturing software suite that enables other manufacturers to digitize their operations, leading to increased revenue, improved profitability, expanded capabilities, and greater customer satisfaction. Shapeways deploys this software offering through its MFG.com brand, serving as a key software solution connecting buyers with sellers of custom parts. MFG.com reduces costs, streamlines supply chains, and delivers services that improve value for everyone involved in the manufacturing equation. Shapeways is creating scalable, high-margin recurring revenue through its MFG customer base. The company’s reported earnings for Q1 2023 included more than 50% quarter-on-quarter growth in its Software-as-a-Service bookings, consistent customer retention, and a customer lifetime value of over $4,200. Shapeways also just announced an enhancement of its MFG brand with a positive response. The company has further expanded its offerings with MFG Materials, and the launch of a 3D Model Viewer created to improve the quoting experience and generate more leads for manufacturers. Read more about what Shapeways is doing in the manufacturing and software industries. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2023 09:25 AM Eastern Daylight Time

1 ... 199 200 201 202 203 ... 584