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

With Labor Market Still A Concern, Are There Endless Opportunities In The Online Learning Market For This Burgeoning AI Company?

Amesite Inc.

Learn More about Amesite Inc. by gaining access to the latest research report Many organizations are struggling with the digital transformation efforts they have begun, according to David Rogers, a professor at Columbia Business School in New York City. While the reasons vary, the most common is that there is a talent and skill shortage. While upskilling could be the solution, not many organizations prioritize it. As PA Consulting Chief Research Officer Charlene Li says in the “Digital Transformation Refocused: New Goals Require New Strategies” report published by Harvard Business Review, not enough businesses focus on the transformation part of digital transformation, which is about people. Bridging the Gap With Ed-Tech? Amesite Inc. (NASDAQ: AMST) is an artificial intelligence (AI)-powered software company providing cloud-based learning and content creation ecosystems for educational institutions, businesses and organizations. Amesite recently launched Version 5 (V5) of its AI-driven online learning platform. The upgraded version was built for scale-ability to deliver to large user bases with features that lead the industry. V5 also offers the capability to integrate the platform with other software programs and partner sites seamlessly. Amesite’s V5 platform equips customers with a holistic learning ecosystem and offers capabilities from an e-commerce solution to auto-enrollment of users to streamlined deployment in just 24 hours. The U.S. Department of Labor Statistics says there are more than 65,000 medium and large companies. With the current skill and talent shortage, most of these organizations could be looking to onboard, train and upskill a large number of their employees. Amesite says its V5 platform is scalable and capable of meeting the needs of over 65,000 customers. The launch of V5 is part of Amesite’s long-term goal of becoming a leader in the e-learning space alongside players such Coursera Inc. (NYSE: COUR) and 2U Inc. (NASDAQ: TWOU). The global e-learning market was valued at $215 billion in 2021 and is expected to reach $1 trillion by 2028. With V5, Amesite also aims to help with workplace training both in the U.S. and globally. The U.S. workplace training industry had a market value of $165 billion in 2020, according to Statista. Global Market Insights reports that by 2028 the industry is projected to reach $1 trillion. Partnership Deals Amesite has had a number of collaborations and its partnership with Wayne State University’s College of Engineering is a proof point that Amesite is building systems that retain customers – and enable them to scale. The company announced the expansion of its partnership with the university, which will integrate its V5 e-commerce solution into its system. The new development will enable learners to register, pay and enroll for courses directly on the university’s website, increasing the accessibility and engagement of Wayne State University’s nearly 30,000 engineering alumni and hundreds of thousands of other professionals. Amesite says its platform will help Wayne State and other partnering universities scale globally, by delivering tailor-made programs suited for their learners. By offering on their own brands, universities can use Amesite’s solutions to leverage their strengths, rather than compete their products against other universities’ offerings on common sites. The results speak for themselves considering that Wayne State reports 98% retention across its Amesite-powered programs in the three years it has worked with the company. Amesite also highlighted the platform’s capabilities and recently reported on the successful delivery of a “Full Scale, Global Enterprise Learning Solution” for the EWIE Group of Companies (EGC) in a press release and case study. “We know that people are our most important resource. Having people with the most advanced skills is a huge competitive advantage for us,” said Jay Mullick, President of EWIE Group of Companies. “Amesite is at the center of all our business process training at EGC. We have appreciated the support of their team throughout the relationship. Using Amesite’s global upskilling technology platform enables our people to gain the know-how to meet our most demanding customers’ needs, quickly and efficiently.” For Amesite, the market potential looks significant and promising because of the many thousands of educational institutions, organizations and businesses seeking the type of services the company offers. The company’s list of recent achievements also includes winning an exclusive partnership with NAFEO, a national membership organization that represents 106 HBCUs (Historically Black Colleges and Universities ). With this partnership, the Company is targeting $10M in revenue, by raising support for NAFEO to launch partnerships with its member Colleges and Universities — this represents a massive opportunity with a large group of educational institutions in its own right and could point toward further success for additional significant partnerships. NAFEO members enroll more than 700,000 students, they have 72,000 faculty, and 7 million alumni worldwide. To find out more about Amesite visit https://profiles.smallcapsdaily.com/amst/ Amesite Inc., an artificial intelligence driven platform and course designer, provides online products in the United States. The company uses machine learning to offer a mass customized experience to learners. Its customers include businesses, universities and colleges, K-12 schools, and non-profit organizations. The company was incorporated in 2017 and is headquartered in Detroit, Michigan. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Amesite, Inc. +1 734-876-8141 info@amesite.com Company Website http://www.amesite.io

November 01, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

WorkSpan Announces Launch of Co-Sell Automation Platform for ISVs and Services Partners in Microsoft Cloud Partner Program

WorkSpan

WorkSpan, the world’s #1 co-sell management platform, is excited to announce WorkSpan Co-sell with Microsoft - a turnkey SaaS solution for companies in the Microsoft Cloud Partner Program to efficiently manage and scale their Microsoft co-sell business. With WorkSpan’s revolutionary platform, partner companies can automate and simplify the co-sell referral sharing process, efficiently plan and execute co-sell motions, and track performance and enable data-driven actions. Enterprise spend on Azure cloud services is growing rapidly, and collaborative selling - or “co-selling” - with Microsoft sellers provides partners with access to new markets, a powerful referral engine, and a platform for scaling revenue growth. Scaling this co-selling partnership with Microsoft is especially important in today’s challenging macroeconomic environment in which companies can co-sell with Microsoft to deliver growth. However, co-sell processes can be highly manual and full of friction, making it difficult for partners to scale. WorkSpan helps automate and streamline co-sell processes so partners can increase referral volume with Microsoft, accelerate deal cycles, and scale their co-sell business with speed. Partners are able to automate opportunity sharing with a live data synchronization between their CRM and Microsoft Partner Center; access real-time reporting on their co-sell performance; and use a single platform for managing co-sell plans, metrics, and opportunity collaboration - ultimately increasing co-sell revenue. “WorkSpan Co-sell with Microsoft is another huge step for Microsoft partners to streamline and automate co-selling activities with Microsoft field teams,” said Mayank Bawa, WorkSpan’s CEO. “In this era of massive digital transformation with so many of Microsoft’s customers moving to Azure Cloud, it’s more important than ever for partners to be tightly aligned with Microsoft to engage, co-sell, and close deals together.” “WorkSpan is creating value for our partners with a pre-integrated co-sell solution, enabling Microsoft partners to receive and send co-sell referrals and manage a joint pipeline of deals” said Dan Rippey, Program Director, Global Partner Solutions at Microsoft. “You don’t need to figure out co-sell on your own. WorkSpan has a powerful solution that creates that connective tissue between your organization and Microsoft to scale your co-sell business.” “When companies co-sell with Microsoft, whether they’re a fast-growing startup or large enterprise, they can create tremendous growth opportunities by partnering with one of the largest technology ecosystems in the world,” said Kijoon Lee, Vice President & General Manager of Cloud Ecosystem Solutions, WorkSpan. “And it’ll be imperative for these companies to adopt best practices in co-sell processes and technologies that WorkSpan delivers to enable effective deal engagement with Microsoft sellers, drive operational excellence in co-selling, and maximize the value of their Microsoft partnership.” To help partners experience its leading co-sell management and automation platform, WorkSpan is providing an exclusive offer for eligible partners in the Microsoft Cloud Partner Program. Microsoft Solutions Partners, and partners with specializations or expert programs can now receive significant discounts on subscription to WorkSpan and complimentary professional service credits. Partners can purchase the WorkSpan Co-Sell with Microsoft solution on Microsoft Azure Marketplace at the following link: https://azuremarketplace.microsoft.com/en-us/marketplace/apps/worksapn1579992593810.workspan_cosell_microsoft?tab=Overview For additional information, please visit WorkSpan’s website at https://www.workspan.com/co-sell/cloud-microsoft/. About WorkSpan WorkSpan is the #1 co-sell management platform that empowers companies to turbocharge and scale their co-sell revenue growth. Partnership and Sales teams use WorkSpan’s secure SaaS solution to exchange co-sell referrals from inside their CRM, manage shared pipeline, collaborate with partners on deals, and track performance on a live dashboard. As the industry leader, WorkSpan powers the top 10 business ecosystems in the technology industry today, managing over $50 billion in joint pipeline. With WorkSpan, customers achieve 6x faster speed to market for joint solutions and 2x increase in partner manager productivity. WorkSpan customers include Cisco, SAP, VMware, HPE, Accenture, Ericsson, Red Hat, and others. Contact Details WorkSpan Chip Rodgers, CMO, WorkSpan +1 610-203-4703 chip@workspan.com Company Website https://www.workspan.com/

November 01, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

ChainUp and Alchemy Pay Partner for Seamless Fiat-Crypto Payment Services

ChainUp

Global blockchain technology solutions provider ChainUp Group and leading fiat-crypto payment solution provider Alchemy Pay announced a strategic partnership to provide clients with integrated payment services. ChainUp Group provides businesses a wide range of blockchain solutions covering infrastructure development, ecosystem support, and with digital assets exchange solutions as one of its key products. With a variety of operational tools available, ChainUp's digital assets exchange systems are highly customizable and easy-to-integrate, allowing flexibility and scalability. As a gateway payment provider, Alchemy Pay seamlessly connects fiat and crypto economies by offering merchants convenient acceptance of both fiat and crypto currencies, and making crypto services and platforms more accessible to mainstream users. Through the partnership, users of the digital assets exchange solutions provided by ChainUp will be able to seamlessly access the integrated payment solutions offered by Alchemy Pay. Sailor Zhong, Founder and CEO of ChainUp Group said, “As we continuously strive to provide our clients with end-to-end blockchain solutions, we are always committed to work with partners across the ecosystem to enhance our offerings and promote industry development. We believe that through this partnership with Alchemy Pay, our clients will be able to access secure payment services with ease, which will in turn benefit end-users and help play a part to further drive blockchain adoption.” Alchemy Pay CEO, John Tan commented, “ChainUp, like us, offer a great many options for clients. The partnership will see the expansion of capabilities for both of us.” About ChainUp Group Founded in 2017, ChainUp is a leading end-to-end blockchain technology solutions provider covering infrastructure development and ecosystem support. Built on the mission to empower businesses through blockchain technology, ChainUp’s innovative and all-around compliant solutions include digital asset exchange systems, NFT trading systems, wallet solutions, liquidity solutions, and digital assets custody and management. Headquartered in Singapore and with offices around the world, the company has served more than 1,000 clients in 30 countries, reaching over 60 million end-users. For more information, please visit: www.chainup.com. About Alchemy Pay Founded in Singapore in 2018, Alchemy Pay is a payment solutions provider that seamlessly connects cryptocurrency and traditional fiat currency for consumers, merchants, and developers. It provides merchants with convenient crypto acceptance and makes crypto and Web3 services highly accessible. Alchemy Pay’s on and off ramp plugin is integrated with crypto platforms and dApps to provide an easy easy gateway payment from fiat to crypto and vice versa. Its crypto acceptance system has touchpoints with 2+ million online and in-store merchants in over 70 countries. Alchemy Pay’s network includes 300+ fiat payment channels, including popular e-wallets in emerging markets. Contact Details ChainUp Group Xue Zhen Yeo pressrelease@chainup.com Alchemy Pay Robert McCracken press@alchemypay.org

November 01, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Claravine Named Winner of 2022 AdExchanger Award for Best Data Technology

Claravine

Claravine, a pioneer in data integrity for the global enterprise, has been selected as a 2022 AdExchanger Award winner for Best Data Technology. Claravine receives this honor for its work in helping brands measure campaigns more effectively and addressing this growing challenge in the industry. Claravine enables its clients to prove the value of full paid media by moving away from hypothetical decision-making and use the data richness, quality, and time savings to develop increased analytics maturity. "We are thrilled to be recognized by AdExchanger as a Best Data Technology," said Verl Allen, CEO of Claravine. "Our goal is to continue to transform the way brand marketers, analysts, and agencies manage marketing data to make the greatest impact on the businesses they serve. Data quality has become paramount and we see demand growing for more solutions around metadata, data standardization, new ways of measurement and more." Marketers who use Claravine consistently report a 10% to 15% increase in return on ad spend (ROAS) for each new dollar tracked, 100% data format, tracking code, and tag compliance, and more than an 80% reduction in time spent on data quality processes. Through its Data Standards Cloud platform, Claravine’s clients are able to centrally define, apply and connect data standards, customizing them to the unique requirements of each marketing team and technology. Claravine has recently substantially expanded its integration library to be compatible with more of the major platforms including Google Ads, Snapchat Ads and Pinterest Ads Manager, improving naming compliance, metadata capture and enrichment while maintaining connection points between key datasets. These new integrations enable the ability to hand-off across workflows and quickly measure which campaigns are performing best. Claravine has also recently joined the Clean Room Primer Group, a new consortium of advertising industry experts with a shared mission of providing marketers, agencies, and publishers with a reliable and expert source on data clean rooms. The 2022 AdExchanger Awards, which celebrates excellence in digital marketing and advertising, announced the winners at the Programmatic I/O Awards Gala in New York City on October 17. Claravine was chosen from hundreds of submissions received from across the globe and selected by a team of judges who evaluated each entry based on the strength and breadth of its offerings, its documented case studies and client references. About Claravine Claravine is a pioneer in Data Integrity for the global enterprise. We empower a proactive approach to marketing measurement by activating data standards across people and technology, bridging the silos that limit speed and decisions. That’s why nearly a quarter 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. www.claravine.com Contact Details Kite Hill PR Michael Kocher michael@kitehillpr.com Company Website https://www.claravine.com/

November 01, 2022 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Baby Shark BubbleFong Friends Secures Capital Investment from GSR

Bubblefong

BBF Limited (Foundation of the upcoming P2E game Baby Shark BubbleFong Friends) announced that it has secured a capital investment from global blockchain investment powerhouse GSR to help grow the Baby Shark BubbleFong Friends’ operations, infrastructure, and game ecosystem. The funds will be utilized to secure the platform’s pathway to a successful launch in gaming markets all over the globe later this year. GSR is one of the world’s most successful blockchain and crypto financial service firms. Having offices across the globe, they focus on finding cryptocurrency projects that are building the future of finance. Baby Shark BubbleFong Friends is a gaming project that aims to pioneer the popularization and generalization of Play-to-Earn (P2E) gaming through their world-renown representative IP: The Pinkfong Company’s Pinkfong and Baby Shark. Baby Shark BubbleFong Friends already has an impressive resume being one of the featured games at South Korea’s largest game convention G-STAR 2021, forming a partnership with the famous K-pop group, being selected as one of the featured projects at the NFT, METAVERSE, GAMEFI 2022 conference in Manila, Philippines, and collaborating and holding an NFT pre-sale that sold out in 30 minutes with the world’s largest NFT marketplace: Binance NFT. With this capital backing from GSR, the project's already long list of achievements gets even stronger. “We are extremely excited to be receiving this investment from such a prestigious firm, and their confidence in Baby Shark BubbleFong Friends’ success speaks miles about the potential of our project,” commented Joseph Kim, CEO of BBF Limited. “Not only will this investment help carry us through to our launch later this year, but also the strong relationship that we’ve been building with GSR will open many opportunities for us that may not have been accessible before.” To learn more about the game and stay up-to-date on any more announcements related to its launch, visit their official Whitepaper and Social Media and Community Channels. To learn more about GSR and their services, visit their website. About BBF Limited: BBF Limited, a foundation located in Saint Vincent and the Grenadines, oversees the Baby Shark BubbleFong Friends game business. Contact Details Bubblefong Frank Yun contact@bubblefong.io

November 01, 2022 08:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

MEXC lists CHANGE token for trading in the Innovation Zone

ChangeX

Global centralized exchange MEXC has listed the multi-chain CHANGE token for trading in its Innovation Zone. MEXC made the CHANGE/USDT trading pair available to its 10+ million user base at 12:00 UTC on Monday, October 31. On MEXC, CHANGE trades on the HydraChain blockchain. The MEXC listing comes in light of significant new features making their way to Changex - the CeDeFi project behind the token. The app now offers fiat-crypto purchases thanks to the integration of Ramp Network’s on-ramp technology, which enables an easy-to-use interface for bank transfer and debit/credit card crypto transactions. Changex has also enabled ERC20 token swaps, allowing users to acquire any token on the Ethereum network in the app via swapping. “ MEXC listing CHANGE is a great first step for the project in terms of CEX partnerships and serves as proof of Changex’s potential and integrity ”, said CEO Nick Iliev, commenting on the listing. “MEXC is one of the most well-known exchanges in the world and, being there, CHANGE will be exposed to a much wider user base, not to mention that users will have access to tools like margin and spot trading, as well as various payment options to acquire CHANGE. It’s going to make a huge difference in terms of accessibility and exposure. ” Mr. Iliev added. Before the MEXC listing, the options to buy CHANGE included in-app swaps via several trading pairs in the app, and trading on the UniSwap and HydraDEX decentralized exchanges. As Changex strives to offer an uncomplicated crypto and DeFi experience even to non-native crypto users, the MEXC listing presents another option to acquire CHANGE on easier terms. Changex’s recent integration of Ramp Network’s fiat-to-crypto interface also serves this purpose, simplifying how tokens can be acquired. With the added functionality of ERC20 token swaps in the app, users can now swap to any ERC20 token much more easily and without knowledge of DEX’s, by using a simple swap function instead. “ It’s what we strive to achieve in the long run. We want to provide all users with a simple interface into Web3’s vibrant ecosystem, and ease of access to assets is paramount, because not everyone knows what slippage, DEX or liquidity mining is. Yet we want to offer our DeFi services to any interested party. For this to happen, it has to be simplified to the core, i.e. an intricate and sophisticated backend with a very accessible interface where users can benefit from the best of DeFi, banking, and crypto. ” concludes Mr. Iliev. Next in line for the CeDeFi project is the launch of banking services in the app, which will offer users SEPA IBANs for easy fiat/crypto functionality and access to traditional banking in the non-custodial DeFi wallet. The first months of 2023 will also see the start of the issuance of the Changex crypto debit cards, which will enable mobile fiat and crypto spending in all places that accept card payments. About ChangeX ChangeX is a hybrid personal finance mobile app which fuses crypto, DeFi, and banking into a single package. Users can access multi-chain crypto and an array of DeFi investing tools, including first-ever Leveraged Staking, while benefiting from traditional fiat banking, thanks to personal IBANs and SEPA functionality. The ChangeX Crypto Debit Card completes the offering, allowing users to spend crypto and fiat anywhere, and thus experience true financial freedom. Follow the project on Twitter and Telegram for more information and regular updates. The Team ChangeX founders Nick Iliev and Gary Guerassimov have a rich history in developing successful crypto and fintech products, among them xChange.bg - Bulgaria’s leading crypto exchange. HydraChain and LockTrip co-founders Nikola Alexandrov and Hristo Tenchev are also on board, each bringing seven years of blockchain experience to the project. The project’s CTO Martin Kuvandzhiev is one of the core developers at Bitcoin Gold - a hard fork of the source Bitcoin code, which brought decentralization back to retail traders and made mining via common GPUs possible again. The Advisers ChangeX’s advisory board features industry experts from some of the biggest names in crypto, DeFi, and finance. SoftBank Vision Fund’s Neil Cunha-Gomes, whose crypto investments include Consensys and Elliptic, has been working alongside seasoned experts Dimiter Gurdjilov and Stefan Ivanov in outlining the company’s strategy and vision. Dimiter Gurdjilov has more than 15 years of investment banking, private equity and business development experience from Merrilll Lynch, JPMorgan, George Soros’ Bedminster Capital, NBGI Private Equity, and Challenger Capital Management. Stefan Ivanov has 25+ years of experience at Citibank, Banque Paribas, and Challenger Capital Management, and has also served as the CEO of Citibank in Bulgaria. Contact Details ChangeX Dimitar Rahtaliev dimitar@changex.io

November 01, 2022 01:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Lightnet Group Partners with Raffles Family Office to Expand Payment Ecosystem to Revo - Asia’s First Digital Asset-Based Multi-Family Office Platform

Lightnet Group

SINGAPORE - Media OutReach - 1 November 2022 - Singapore-based Lightnet Group (“Lightnet”) announced today the completion of Raffles Family Office’s (“Raffles FO”) strategic investment. The funding will support Lightnet’s ongoing operations and help enhance the development of Lightnet products and solutions. As part of the transaction, Lightnet will secure a strategic stake in Raffles FO’s digital asset wealth management platform, Revo. The partnership will provide valuable technical support and payment infrastructure to drive and deliver success for both parties, by enabling Lightnet to expand its payment ecosystem to cover institutional funds transfer, a major component of Raffles FO’s service offering to support ultra-high-net-worth (UHNW) families in the region through Revo. The partnership reaffirms Lightnet’s vision to revolutionise the payments and remittance space with next generation infrastructure and services across the entire spectrum, from the unbanked or underbanked, to wealthy individuals and family offices. Raffles Family Office Group CEO Chi-man Kwan said: “We are delighted to participate in the strategic investment in Lightnet which focuses on the next generation financial infrastructure. At Raffles Family Office, we are committed to driving the development of a wealth management platform built for the digital future and synergies with like-minded innovators in a collaborative ecosystem to enable and optimize digitalization in finance. We will continue to play our part in revolutionizing the world of finance, working together with partners to unlock the potential of blockchain technology.” Lightnet Co-Founder and Chairman, Chatchaval Jiaravanon, said: This agreement will see more adoption of Lightnet’s next generation financial infrastructure. This is key to expanding our payments and remittance services. We are very excited to be able to join forces with Raffles Family Office and hope this agreement will bring meaningful growth for our payments infrastructure and the asset-based platform. Lightnet’s network will provide borderless and formless financial mobility infrastructure for Revo digital asset wealth management platform to move the fund anywhere in the world. About Lightnet Group Lightnet Group is a Singapore-headquartered fintech group with the mission of promoting financial mobility and inclusivity. Lightnet Group empowers unbanked populations and SME trade finance with an inclusive international remittance ecosystem. The Lightnet Group's international remittance ecosystem adopts, in parallel to existing and traditional documentation and process, the Velo Protocol as its blockchain transaction documentation protocol and positions itself as the premiere clearing and settlement network for the Asia Pacific region by connecting existing financial systems with its network of cash agents and wallets. Lightnet is backed by CP Group Family members as well as major investors in the region including UOB Venture Management, Hanwha Investments & Securities, 7Bank, Unipresident, Hashkey, and many others. To learn more, please visit https://www.lightnet.io. About Raffles Family Office Raffles Family Office (Raffles FO) is an award-winning multi-family office that offers a full suite of wealth management services for ultra-high net worth individuals. With an integrated platform that combines independence with advisory expertise across a broad range of asset classes and an expansive global partnership network built for seamless collaboration with the world’s leading financial institutions, the firm is uniquely placed to provide comprehensive, lasting and highly bespoke wealth growth and preservation solutions. Raffles FO is headquartered in Hong Kong and has branch offices in multiple Asian financial centres, including Singapore, Shanghai, Beijing and Taipei. For additional information, visit https://www.rafflesgroup.co About Revo Digital Family Office Revo is Asia’s first digital-assets-focused multi-family office and the platform of choice for ultra-high net worth individuals looking to join the most important investment revolution of our time. Purpose-built to perpetually evolve in line with the ongoing digitisation of assets and wealth management solutions, Revo’s current offerings include digital asset and wallet aggregation, independent digital asset management, private wealth advice, and gatekeeper services that allow for succession planning with innovation in mind. Revo was co-founded by leading Asian multi-family office Raffles Family Office and internationally acclaimed digital asset technology firm Huobi Technology Holdings. For additional information, visit www.revogroup.co. Contact Details Helena Ma helena.ma@ideacommunication.co

October 31, 2022 07:00 PM Eastern Daylight Time

Article thumbnail News Release

6WIND Solidifies its Partnership with GIS in Peru

6WIND

6WIND, a leading high-performance virtualized & cloud-native networking software company today announced their partnership with Global Investment Solutions S.A.C. (GIS) in Peru to help expand its outreach in the region. 6WIND is pleased to announce its partnership with GIS to establish itself in the Peruvian market. GIS is a leading provider of solutions and professional services in Peru for telecommunications, enterprise, and government customers since 2008. GIS specializes in the optimization, monitoring, database, and networking solutions with internationally-recognized technology brands, as well as professional and managed services. 6WIND deliver high-performance and secure Virtual Service Router (VSR) Solutions, which are deployed bare-metal, virtualized, or containerized on COTS servers in private and public clouds. 6WIND VSR Solutions help reduce the carbon footprint by lowering the energy consumption by more than 50%, cost effectively without sacrificing performance by drastically reducing the hardware servers required. 6WIND VSR solutions; vPE, vCSR, vSecGW, vCGNAT, vBorderRouter & vCPE, have proven their energy saving capabilities and their impact on reducing the carbon footprint. These solutions deliver high performance, security, scalability, flexibility, openness and agility, to global CSPs, MNOs, Cloud Providers, Data Centers and Enterprises. These are deployed bare-metal, virtualized, containerized or cloud-native on COTS servers in private and public clouds. “Customers are increasingly turning to Virtual, Container, and Cloud-Native networking and security Solutions. 6WIND’s impressive capabilities to solve customer challenges at the Edge & RAN, along with the ability to help customers reduce their carbon footprint are the reasons that GIS SAC is proud to be partnering with 6WIND in the Peru market.”.” commented Jorge L. Pérez Chávez– Director General, Global Investment Solutions S.A.C. About 6WIND 6WIND is a Green Tech Virtualized & Cloud-Native Networking Software Company and the worldwide leader for Virtual Service Router solutions. 6WIND software is deployed globally by CSPs, MNOs, Cloud Providers, Data Centers & Enterprises, allowing them to replace expensive hardware & build their new 5G networks with virtualized networking software solutions for routing and security use cases. 6WIND has a global presence with Headquarters based in Paris - France, Santa Clara, CA - USA and Singapore. Contact Details 6WIND Neelam Bahal, VP Global Marketing +44 7805 090701 neelam.bahal@6wind.com Company Website https://www.6wind.com

October 31, 2022 09:40 AM Eastern Daylight Time

Article thumbnail News Release

Amendment to Terms of Acquisition of Synergy Aviation Ltd.

Volatus Aerospace Corp.

This notice is an amendment to the announcement released on October 13, 2022, to include additional information relating to Synergy shareholders' option to convert remaining Synergy shares to Volatus equity. The option of the Synergy shareholders to sell the remaining 49% equity in 2024 after meeting minimum operational and financial metrics will be at the same valuation at Closing and in exchange for Volatus shares based on 30 days VWAP (volume weighted average price) on date of Closing with a minimum floor price of $0.65 per share. The total maximum cash value of the shares if all shareholder shares are converted will be $2,205,000. " This amendment illustrates the confidence of Synergy shareholders in the long-term value of Volatus Aerospace, " said Abhinav Singhvi, CFO of Volatus Aerospace. “This addition in our definitive agreement eliminates significant dilution based on current share price and protects the interest of our existing shareholders.” Full amended news release is attached below: Volatus Aerospace Adds Over 500,000 km of Oil & Gas PipelineRight of Way Surveillance with Acquisition of Synergy Aviation Ltd. Volatus Aerospace Corp. (TSXV:VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announced on October 13, 2022 that it has signed an arm's length definitive agreement dated Oct 12, 2022, to acquire Alberta-based Synergy Aviation Ltd. This acquisition will solidify Volatus’ position in Western Canada providing privileged access to much of the oil and gas industry. Synergy’s leadership in the sector combined with Volatus’ drone technology solutions will positionthe Company with a strong competitive advantage to introduce innovative, efficient, green, remotely operated drone solutions to fulfill regulatory and asset monitoring requirements. Founded in Alberta in 2014, SynergyAviation is an industry leaderin aerial surveillance, pipeline integrity monitoring, and specialized geomatics, patrolling and inspecting more than 500,000 KM of pipeline right of way stretching from the coast of British Columbia to the Manitoba/US border. The company provides Canada’s largest oil & gas producers and pipeline operators with uninterrupted, consistent and highly detailed right-of-way integrity data. “Pipeline inspection, much like other long linear inspection requirements, has traditionally been completed using crewed helicopters and small fixed wing aircraft,” said Glen Lynch, CEO of Volatus Aerospace. “Leveraging Synergy’s oil & gas presence combined with our existing pipeline operations in Ontario will allow us to introduce the power of innovative drone solutions to meet regulatory compliance and asset management requirements with improved efficiencies and a material reduction in greenhouse gas emissions.” There are nearly 5 million kilometers of oil & gas pipelinein North America requiring annual inspections and, in many cases, weekly patrols to meet regulatory and asset management requirements,” said Todd Tkach,President of SynergyAviation. “Becoming part of Volatusgives us the added geomatics capabilities, market reach, and the opportunity to disrupt traditional methods in this sector. Synergy recorded unaudited revenues of $7 million with a 14% EBITDA (Earnings before Interest, tax, depreciation, and amortization) during the first nine months of 2022 and is targeting year end revenuesof $9 million. Under the terms of the agreement, Volatus will make an equity investment of $2.29 million in Synergy Aviation over the course of 10 months from closing in exchange for newly issued shares that will represent 51% of all outstanding shares. The investment will be used by Synergy for ongoing expansion activities. The transaction is scheduled to close on October 31 st conditional on satisfactory completion of due diligence, approval of the respective Board of Directors, and regulatory approval by the TSX Venture Exchange. Subject to operational and financial metric as defined in the definitive agreement, the Synergyinvestors will have an option,expiring in December2024, to sell the remaining 49% equity to Volatus at the same valuation at Closing in exchange of Volatus shares based on 30 days VWAP (volume weighted average price) on date of Closing with a minimum floor price of $0.65 per share and maximum. The total maximum cash value of the shares if all shareholder shares are converted will be$2,205,000. This announcement marks another step in a series of interrelated technology, regulatory, and commercial milestones intended to drive and scale the commercialization of drone technologies. Recent announcements include the launch of the Aerieport drone nesting station, regulatory authority to remotely operate a drone at an airport, the remote operation of drones in Las Vegas from our operations center 3,000 km away, and most recently, a collaboration agreement with Accipiter Radar to provide for larger scale deconfliction between drones and low flying aircraft. The combination of these events with other Volatus technologies provides large scale opportunities in oil and gas, power distribution, and rail throughout the markets served by Volatus. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through our subsidiary, Volatus Aviation, we are introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. Forward-Looking Information This news release contains statements that constitute “forward-looking information” and “forward-looking statements” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs, and current expectations of the Company with respect to future business activities and operating performance. Often, but not always, forward-looking information and forward-looking statements can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding: (i) the business plans and expectations of the Company; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial, and economic data and operating plans, strategies, or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Company, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information and forward-looking statements reflect the Company’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the commercialization of drone flights beyond visual line of sight and potential benefits to the Company; and meeting the continued listing requirements of the TSXV. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward- looking information contained herein is made as of the date of this news release and, other than as required by law, the Company disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSXV nor its Regulation Services Provider (as that term is defined in the policies of the TSXV) accepts responsibility for the adequacy or accuracy of this news release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Abhinav Singhvi +1 514-447-7986 abhinav.singhvi@volatusaerospace.com Company Website https://volatusaerospace.com

October 31, 2022 07:39 AM Eastern Daylight Time

Image
1 ... 351352353354355 ... 593