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Xalles Holdings: nurturing tech startups towards lucrative exits

Xalles Holdings

Xalles Holdings (OTC:XALL) chairman Thomas Nash takes Proactive's Stephen Gunnion through the company's strategy of acquiring technology companies with strong assets and management teams, as well as the potential for significant growth. Nash explained that Xalles targets early-stage companies, guiding them through a business lifecycle that spans from incubation to acceleration and growth, with the ultimate aim of achieving a profitable exit. Nash emphasized the importance of the management team and key personnel in these acquisitions, stating that companies remain wholly owned subsidiaries, retaining their original management to ensure motivation and alignment with Xalles Holdings’ goals. Xalles Holdings does not adopt a hands-on approach in the daily operations of its acquisitions but provides support in areas like financial backing, marketing, PR, and leveraging business development networks, Nash said. This support is aimed at helping subsidiaries refine their business plans and navigate towards financial milestones effectively. The company's acquisition strategy does not have a fixed timeframe, offering flexibility to adapt to each company's unique needs and market conditions. This strategy includes various phases, from early-stage incubation with Exotic Studio to acceleration with Exogamous Advisors and eventually to a formal acquisition under the RISE model, which stands for Roll In Selected Exit. Pending acquisitions include 100% of Fluid Tech and a stake in WooSender, demonstrating Xalles Holdings’ diverse portfolio. The company also reported a 234% growth in revenue year-over-year for the third quarter of 2023, marking its ninth consecutive quarter of revenue growth, attributed to strategic acquisitions and effective support for these companies. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:15 AM Eastern Daylight Time

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BenevolentAI advances novel ulcerative colitis treatment through Phase 1a trial

BenevolentAI

BenevolentAI (OTC:BAIVF) chief scientific officer Dr Anne Phelan joins Proactive's Stephen Gunnion with positive safety data from the Phase 1a, first-in-human, clinical study of BEN-8744 in healthy volunteers. Phelan explained that BEN-8744 is a potent, selective PD10 inhibitor, uniquely designed to be peripherally restricted to mitigate CNS-mediated side effects associated with previous PD10 inhibitors. This design aims to ensure safety and tolerability, a primary goal in this phase of clinical research. She said the study successfully met its objectives, proving the hypothesis that peripheral restriction could eliminate adverse side effects, although it was not positioned to assess therapeutic value directly. Phelan further detailed the study's methodology, highlighting its role in estimating the pharmacologically relevant exposure and understanding the drug's exposure profile, which is critical for determining the efficacious dose for future patient trials. The interview also shed light on BenevolentAI's innovative platform that integrates diverse data types, including genomics and transcriptomics, through advanced AI and machine learning models. This platform identified PDE10 inhibition as a novel approach for treating ulcerative colitis, despite the lack of direct literature linking PDE10 to the condition, demonstrating the company's proprietary method in target discovery. Looking ahead, Phelan mentioned ongoing Biomarker Qualification studies and extended toxicology studies to pave the way for phase 1b and phase 2 studies, with an emphasis on ensuring longer dosing durations are safe for patients. This step is pivotal for moving BEN-8744 towards clinical efficacy trials, underlining BenevolentAI's commitment to advancing drug development through AI-enabled insights. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 28, 2024 08:12 AM Eastern Daylight Time

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HTX Ventures: Why BounceBit's Innovative Solutions Might Be Key To Unlock the Bitcoin (BTC) Ecosystem?

HTX Ventures

Singapore / March 28, 2024 – With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The exploration of diversifying revenue streams from BTC ecosystem assets is drawing the attention of the cryptocurrency market. So, which solution will become the optimal one to tackle issues such as interest on BTC assets, network confirmation delays, lack of smart contracts, and high gas fees? Current solutions for enhancing the BTC ecosystem include Layer 2s and sidechains. As one of the investor of BounceBit’s 6M funding round, HTX Ventures sees BounceBit, with its CeFi+DeFi product model, as a potentially innovative solution to open up the Bitcoin ecosystem for more application. This research report thoroughly examines BounceBit, outlining its product design philosophy and HTX Ventures' investment rationale. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to identify the most exceptional and promising teams around the world. To date, HTX Ventures has supported over 200 projects spanning multiple blockchain tracks, with some high-quality projects already listed on HTX for trading. What Is BounceBit? BounceBit is a BTC restaking chain exclusively designed for Bitcoin, building BTC restaking infrastructure that provides a foundational layer for different restaking products, secured by the regulated custody of Mainnet Digital and Ceffu. It employs a BTC + BounceBit hybrid PoS mechanism for validation. BounceBit resolves trust issues with underlying BTC assets through multi-party custodianship, creating BBTC for DeFi interactions on the Bounce mainnet. Native BTC assets are used to participate in low-risk arbitrage strategies on various centralized exchanges. Additionally, under a hybrid token staking mechanism, using BBTC+BB (BounceBit's native token) for staking can generate LSD tokens, further obtaining node staking rewards and restaking profits. By combining centralized custody and sidechains, BounceBit aims to address the longstanding trust issues of sidechains while reinvigorating the BTC ecosystem. This will reduce trading fees and unlock the financial potential of BTC, enabling access to applications in DeFi, gaming, social, and more sectors. How Does BounceBit Work? BounceBit's product design is very ingenious, as shown in the following diagram: Users deposit multiple types of on-chain Bitcoin assets into the BounceBit Protocol which is actually supervised by BounceBit, CEFFU, and Mainnet Digital under a jointly managed MPC wallet. This setup is to address trust mechanism issues and ensure the security of user assets. By using off-exchange settlement (OES) solutions like Ceffu’s MirrorX, it gives protocol secure access to the deep liquidity on exchanges and earn yield through diverse trading strategies, while funds stay safe on-chain in MPC wallets, a wallet technology that essentially splits the private key into multiple shards. This way the single point of failure (SPOF) risk is reduced to a minimum. Additionally counterparty-risk is reduced, as the user funds are never actually stored on any centralized exchange, but rather are mirrored by Ceffu. BounceBit works with multiple experienced asset managers with a longstanding positive return track record to trade through MirrorX. All of the asset managers use Funding Rate Arbitrage as their trading strategy. Funding Rate Arbitrage is a profitable delta-neutral strategy which capitalizes on the difference of the funding rate between different markets. On the other hand, after users transfer their native assets into BounceBit, a new asset, B-Token, will be minted. Taking BTC as an example, after depositing BTC, users will receive BBTC assets that operate on the BounceBit mainnet. Currently, there are two main types of on-chain activities for this asset: First, under BounceBit's hybrid staking model, using BBTC+BB (the project's native token) to participate in node staking, while the LST generated from staking can further engage in restaking activities, further amplifying staking returns; second, BBTC can be used in various DeFi interactions on-chain. Currently, BounceBit has launched BounceClub for developers and users, where users can participate in various DeFi activities and income-generating activities on the BounceBit mainnet, increasing the richness of BTC asset earnings. Source:https://x.com/bounce_bit/status/1771481179683692656?s=46&t=ODDW1eIwucwwKwUR-9MGBg In terms of sources of income, by participating in BounceBit's staking and on-chain financial interactions, users can get yield on their assets: CeFi yield from native assets under centralized exchange sub-accounts. DeFi yield from interactions on the BounceBit chain. Staking rewards from using BBTC+BB for staking, as well as restaking profits from LST generated after staking. In summary, BounceBit, while ensuring asset security through multi-party custodianship, offers multiple ways to generate yield. HTX Ventures’ Investment in BounceBit HTX Ventures, being a principal investor in Bouncebit, is confident that Bouncebit is able to address a significant and genuine market demand by leveraging its centralized custody model built upon a standard sidechain. BounceBit's primary objective is to tackle issues such as interest on BTC assets, underutilization of idle BTC, lack of innovation, and high gas fees. Essentially, it aims to provide diverse revenue streams, mitigating Bitcoin's challenge of lacking smart contracts. Current solutions for enhancing the BTC ecosystem include Layers-2s and sidechains. Layer-2 solutions execute Bitcoin transactions off-chain to enhance transaction speed. Examples of Layer-2s include state tunnels and rollups. State channels, like the Lightning Network, have limited scalability and mainly focus on expediting peer-to-peer transactions, making it challenging to deploy Ethereum-level smart contracts. Rollups lack sufficient trust guarantees as Bitcoin Layer-2 solutions cannot be verified by the mainnet upon returning the ledger due to issues with underlying code and signature verification. The most promising approach currently involves upgrading Bitcoin's BIP layer and updating miners' underlying codes based on new Taproot protocols to support OP/ZKP verification and Bitcoin miner calculation. However, there may still be a long way to go before rollups' implementation. Sidechains function as independent chains, allowing users to map Bitcoin from mainnets for application. While sidechains offer better processing speeds, they lack trust verification from the Bitcoin mainnet, thus raising concerns about trust and consensus. Additionally, project misconduct is more likely to occur, jeopardizing the security of mapped assets. This TVL dilemma is common among most sidechains. BounceBit posits that the infrastructure related to Bitcoin is primarily asset-driven, emphasizing how BTC can be utilized in new environments or chains. Unlike focusing on building layer 2 solutions directly atop the Bitcoin chain, BounceBit stands as an isolated PoS layer one. Here, nodes stake both BTC and BounceBit tokens to ensure the security of the chain. The connection between BounceBit and BTC is established at the asset level rather than the protocol level. BounceBit seeks to address the consensus and trust issues of sidechains through centralized custody on top of a regular sidechain. Given current circumstances, this combination of centralization and decentralization may offer a compromise to solve both technical and trust issues. BounceBit's design mechanism and development team have created a competitive edge and opened up opportunities within the sector. Outlook With the approval of BTC spot ETFs, institutions and individuals worldwide are increasing their holdings of BTC, spurring a surge in the BTC prices. BTC now ranks among the top 10 assets globally by market capitalization. Additionally, BTC inscriptions and scaling are two niche segments gaining widespread traction in this market cycle. The progress in these areas has sparked excitement in the market, drawing more attention to the BTC ecosystem. Developers and market participants are exploring additional BTC-based use cases and income opportunities. BounceBit, as a product combining CeFi and DeFi, possesses a certain degree of innovation in its product model. By integrating centralized and decentralized mechanisms, it introduces a tri-party custodianship mechanism into the trust solution, creating new EVM chain assets to invigorate the financial attributes of native assets, potentially becoming a new solution for the Bitcoin ecosystem. Moreover, the project team has demonstrated excellent capabilities in product operation and traffic generation. HTX Ventures expects more technical breakthroughs in the BTC ecosystem, accompanied by the emergence of more ecosystem projects. This trend will fuel excitement and anticipation. Currently, BounceBit's combination of CeFi and DeFi has promising potential for TVL growth and is poised to diversify revenue streams from BTC ecosystem assets. *Special thanks to BounceBit for their support in writing this article. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

March 28, 2024 05:01 AM Eastern Daylight Time

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Gathering of Teams! HTX Boosts Liquid Restaking Rewards with an Additional $20,000, Empowering Team Play

HTX

HTX Liquid Restaking now boasts a $100 million staking quota after the launch of the last reward boost on March 25. The exchange's super event has emerged as a top choice for users seeking rewards from on-chain ecosystems and attracted wide enthusiastic participation. In response to the wild engagement, the Liquid Restaking event launched the new feature of team participation, a catalyst fostering teamwork, competition, and the chance to seize greater rewards, and empowering users to leverage their influence. Engaging is as simple as creating your own team or joining an existing one. According to HTX's official announcement, the exchange has decided to further boost the event's reward pool by adding $20,000 worth of $HTX specifically for team leaders. (Stay tuned for more incentives for teams and team leaders.) Currently, each team can have a maximum of 300 members. As for the event details, it is reported that snapshots of the event leaderboard will be taken from March 25, 2024, at 09:00 (UTC) to April 24, 2024, at 16:00 (UTC). Rewards worth $20,000 in $HTX will be distributed within 7 working days after April 24, 2024, at 16:00 (UTC). Moreover, the rewards will be given to the leaders of top-ranked teams that hold the top 3 positions for the most days within 30 days by April 24, 2024. The rankings are based on the leaderboard's snapshots taken daily at random time during the event period. Specifically, teams will be ranked based on the team participating amount (the total assets of all members enabled for Liquid Restaking for the designated cryptocurrencies). The leaderboard can be viewed on the event page. Join now! Here's how you can create/join a team: How to create a team: Visit the Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends; How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit the Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team. The HTX Liquid Restaking event boasts features such as high value, free claims, and greater flexibility. Highlights of the event update include: ● Futures accounts are also eligible for participation. You can share corresponding crypto rewards after the platform captures a snapshot of your assets in your Spot account and net equity in your Futures account. ● Boosters. You have the chance to receive up to a 150% boost on your rewards through the following means: 1) Join or create a team. 2) Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater your rewards get boosted. 3) $HTX holdings (in Spot and Earn accounts). Users can register for Liquid Restaking with their spot and futures account balances snapshotted to earn rewards, including early airdrops of popular projects such as EigenLayer and Merlin Chain, as well as cryptocurrencies such as ETH, USDT, HTX, and TRX. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 28, 2024 03:23 AM Eastern Daylight Time

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HTX Introduces Fee-Free BTC Trading with Daily 200K USDT Rewards Amid BTC's Surge to $70K

HTX

After experiencing the largest weekly drop in nearly six months, Bitcoin rebounded on March 25, briefly reaching $71,000. At the time of writing, Bitcoin was trading at 70,590 USDT on HTX. According to a report released by 10x Research, Bitcoin may surge to a new high of $83,000 after a period of consolidation. Ki Young Ju, the founder and CEO of CryptoQuant, has warned of a potential liquidity crisis among sellers within the next six months, citing the rapid net inflow of spot Bitcoin ETFs, which exceeded 30,000 BTC in early March. Should such a crisis occur, Bitcoin's next peak could surpass expectations due to limited seller liquidity and a thin order book. Given Bitcoin's heightened anticipation and scarcity, leveraging its volatility for maximum returns is a crucial consideration for investors. In response to this, HTX has introduced the "Trade to Earn" event aimed at enriching trading experiences and offering users opportunities for asset growth. Trade to Earn: HTX's Fee-Free Trading of BTC The Trade to Earn event is a benefit for all trading users at the HTX exchange. After successful registration for this event, participants can earn $HTX as rewards by trading designated cryptocurrencies. Additionally, all daily trading fees generated will be fully utilized for $HTX buybacks to support stable appreciation. 100% of $HTX acquired through buybacks will be entirely burned. Currently, the Trade to Earn event applies to BTC/USDT spot and futures trading. Participation in either trading type enables users to enjoy negative fee rates and stand a chance to share a daily prize pool of 100,000 USDT, respectively. This event enhances the platform's liquidity through reduced trading costs and improved trading efficiency, offering users better trading experience. Meanwhile, the supply of $HTX will be decreased through the event to enhance its stability and value, which will help attract more investors and users to participate in ecosystem development. Most importantly, this burning method also grants more earning opportunities for HTX DAO users. Through participation in liquidity mining and staking, users can receive more rewards in tokens, thereby achieving wealth appreciation. A Guide to Trade to Earn: How to Grab 200,000 USDT Daily According to HTX's announcements, the Trade to Earn event will conclude at 11:59:59 (UTC) on April 14, 2024, for the BTC/USDT spot trading and at 11:59:59 (UTC) on March 27, 2024, for the BTCUSDT perpetual futures trading. A daily prize pool of 100,000 USDT worth of $HTX will be distributed for each pair. The event is on a daily basis. A day is defined from 12:00 (UTC) on Day T to 11:59 (UTC) on Day T+1. For spot trades, rewards will be calculated and updated starting on Day T+2 at 04:00 (UTC), and users can claim their $HTX at any time. For futures trades, rewards will be credited to winners' HTX spot accounts within 3 working days after the end of each round. Trade to Earn is open to all HTX users, including market makers and API traders. To participate in Spot "Trade to Earn", you must have at least 300 Rockets and register on the event page. For the futures event, you must have at least 10 USDT (excluding futures trial bonuses) in your futures account and click on the Register Now button. Notably, starting from 16:00:00 (UTC) on March 19, 2024, trading fees corresponding to participants' rewards in the "Trade to Earn" event will no longer be eligible for commissions or rebates. Other fees generated by their trades will remain unaffected. This initiative aims to further increase the daily buyback amount of $HTX to support stable $HTX appreciation. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 28, 2024 03:20 AM Eastern Daylight Time

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Foresight Announces Fourth Quarter and Full Year 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), today reported financial results for the fourth quarter and full year ended December 31, 2023. Foresight ended the full year 2023 with revenues of $497,000 and with $15.7 million in cash, cash equivalent and restricted cash. The Company reported a U.S. generally accepted accounting principles (GAAP) operating loss of $16.3 million which is approximately a 7% decrease from the GAAP operating loss of $17.5 million reported for the full year 2022. Foresight reported a GAAP net loss of $3.6 million for the fourth quarter 2023, compared to a GAAP net loss of $3.8 million for the fourth quarter 2022, and a non-GAAP net loss of $3.3 million for the fourth quarter 2023, compared to a non-GAAP loss of $3.4 million for the fourth quarter 2022. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. “In 2023, the world was captivated by the potential of artificial intelligence (AI) to revolutionize the ways in which we live, work, and travel,” said Haim Siboni, CEO of Foresight. “This excitement extended to the mobility and transportation industries, as Foresight and its subsidiaries and affiliates gained momentum and drew global interest in their AI-based technologies and other innovative solutions. Foresight recently completed two paid proof of concept (POC) projects with a leading Japanese vehicle manufacturer, demonstrating the widespread commercial viability of our solutions for 3D depth perception. These successful projects follow similar collaborations with leading manufacturers in China, Israel, and South Korea. Foresight continues to execute on its strategy of collaborating with some of the world’s largest Tier One automotive suppliers, indicating expansive and diverse potential for long-term growth." “Foresight recently announced several milestones together with its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net Mobile” or “Eye-Net”). Eye-Net has successfully completed the technology validation phase of a multi-phase collaboration project with SoftBank Corp. (“SoftBank”). Moving forward, SoftBank will collaborate with its business partners to initiate sales efforts for Eye-Net's products in Japan. Together, we believe that Foresight and Eye-Net are poised to achieve commercial breakthroughs in 2024,” concluded Siboni. Recent Corporate Highlights: Eye-Net and Softbank Corp. Successfully Complete Technology Validation Phase for Connected Mobility Applications in Japan: In March 2024, Eye-Net announced that SoftBank will collaborate with its business partners to initiate commercial validation efforts of Eye-Net's products in Japan. This follows the successful completion of the technology validation of Eye-Net’s products. SoftBank and Eye-Net have entered into a multi-phase agreement initiated in a paid technological POC, of which the first phase was successfully completed in November 2023. Through this collaboration, SoftBank will initiate sales efforts with its key business partners to move forward with the commercial validation of Eye-Net’s solutions, paving the way for improved collision prevention in Japan. Eye-Net Secures Follow-up Order from Leading Japanese Vehicle Manufacturer: In March 2024, Eye-Net announced that it has received an additional order for a paid development project from a leading global Japanese vehicle manufacturer, following the successful completion of the first two phases of a paid POC project. The parties engaged in a POC project back in February 2023. The successful completion of that phase is a significant milestone, demonstrating the feasibility and potential benefits of Eye-Net's technology for the automotive industry. Foresight Successfully Completes Project with Leading Japanese Vehicle Manufacturer: In February 2024, Foresight announced the successful completion of two POC projects with a leading Japanese vehicle manufacturer. The vehicle manufacturer evaluated the accuracy of Foresight’s unique automatic calibration capabilities to enhance 3D depth perception. Following satisfactory results, the parties are exploring co-development initiatives for further evaluation of the solution’s capabilities. Potential collaboration may involve integration of Foresight’s technology into the manufacturer’s passenger vehicles. Foresight Announces Pricing of $4.5 Million Registered Direct Offering: In December 2023, Foresight announced it entered into definitive agreements with institutional investors and insiders of the Company, including the Company’s Chief Executive Officer (through a company under his control), for the purchase and sale of 4,500,000 of the Company’s American Depositary Shares (“ADSs”) at a price of $1.00 per ADS pursuant to a registered direct offering. The gross proceeds of the offering amounted to $4.5 million before deducting placement agent fees and other offering expenses. Eye-Net Selected by European Software République Consortium to Take Part in the Road Safety Revolution: Foresight’s wholly owned subsidiary, Eye-Net Mobile, signed an agreement to join Software République in November 2023. Software République is a European innovation ecosystem for intelligent, secure, and sustainable mobility, founded by Dassault Systèmes SE, Eviden, Orange S.A., Renault Group, STMicroelectronics N.V and Thales Group. Eye-Net was selected to join Software République’s incubation program for a project that will deliver an accessible vehicle-to-everything (V2X) road safety solution for all road users. Foresight Receives Notice of U.S. Patent Allowance for 3D Image Analysis System and Calibration Technology: in October 2023 Foresight received a notice of allowance from the U.S. Patent and Trademark Office for its patent application, number 17/982,691, for “System and Method for Stereoscopic Image Analysis.” The patented technology enables the generation of 3D depth perception from any given pair of cameras, even those that have different optical properties and fields of view. The patent serves as the underlying technology of Foresight’s Mono2Stereo™ and Mono2Stereo™ 360° perception enhancement solutions. Fourth Quarter 2023 Financial Results Revenues for the fourth quarter of 2023 increased by 39.4% to $138,000, compared to $99,000 for the fourth quarter of 2022. The revenues were generated primarily from the successful completion of a POC project with a leading Japanese vehicle manufacturer in the amount of $60,000, and from the commercialization agreement with Elbit Systems Land Ltd. ("Elbit") in the amount of $57,000. Research and development (R&D) expenses, net for the fourth quarter of 2023 were $2,430,000, a 20% decrease compared to $3,035,000 for the fourth quarter of 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in subcontracted work and consultants. Sales and marketing (S&M) expenses for the fourth quarter of 2023 were $290,000, a decrease of 38.4% compared to $471,000 for the fourth quarter of 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in consultants. General and administrative (G&A) expenses for the fourth quarter of 2023 were $675,000, a decrease of 37.9% compared to $1,087,000 in the fourth quarter of 2022. The decrease is primarily attributed to a decrease in payroll and related expenses and in professional services. Financial expenses, net for the fourth quarter of 2023 were $255,000, compared to financial income, net of $718,000 in the fourth quarter of 2022. Financial expenses, net for the fourth quarter of 2023 consisted of a loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $759,000, offset by exchange rate differences and others in the amount of $383,000 and by interest income in the amount of $121,000. Finance income, net for the fourth quarter of 2022 consisted of profit from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $1,267,000 and interest income in the amount of $387,000, offset by exchange rate differences and others in the amount of $936,000. GAAP net loss for the fourth quarter of 2023 was $3,551,000, or $0.011 per ordinary share, compared to a GAAP net loss of $3,820,000, or $0.012 per ordinary share, in the fourth quarter of 2022. Non-GAAP net loss for the fourth quarter of 2032 was $3,293,000, or $0.01 per ordinary share, compared to a non-GAAP net loss of $3,377,000 in the fourth quarter of 2022, or $0.01 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Full Year 2023 Financial Results Revenues for the full year ended December 31, 2023, decreased by 9.6% to $497,000, compared to $550,000 for the full year ended December 31, 2022. The revenues were generated primarily from the commercialization agreement of the Company with Elbit in the amount of $250,000 and from the successful execution of several projects including: POC project with two leading Japanese vehicle manufacturers in the amount of $106,000, POC project of Eye-Net with SoftBank in the amount of $34,000 and from a POC project of Eye-Net with a leading Japanese vehicle manufacturer in the amount of $28,000. R&D expenses, net for the full year ended December 31, 2023, were $11,587,000, compared to $11,534,000 for the full year ended December 31, 2022. S&M expenses for the full year ended December 31, 2023, were $1,939,000, a decrease of 13% compared to $2,230,000 for the full year ended December 31, 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and a decrease in consultants offset by an increase in exhibitions and travel. G&A expenses for the full year ended December 31, 2023 were $3,119,000, a decrease of 21.8% compared to $3,989,000 for the full year ended December 31, 2022. The decrease is mainly attributed to a decrease in payroll and related expenses and in professional services. Financial expenses, net for the full year ended December 31, 2023 were $2,119,000, a decrease of 49.8% compared to financial expenses, net of $4,221,000 for the full year ended December 31, 2022. Financial expenses, net for the year ended December 31, 2023, consisted of loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $2,333,000 and from exchange rate differences and others in the amount of $453,000, offset by interest income in the amount of $667,000. Financial expenses, net for the year ended December 31, 2022, consisted of loss from the revaluation of the Company’s investment in Rail Vision Ltd. to its fair value in the amount of $2,208,000, and exchange rate differences and others in the amount of $2,202,000, offset by interest income in the amount of $189,000. GAAP net loss for the full year ended December 31, 2023, was $18,410,000, or $0.056 per ordinary share, a decrease of 15.1% compared to a GAAP net loss of $21,676,000 for the full year ended December 31, 2022, or $0.067 per ordinary share. Non-GAAP net loss for the full year ended December 31, 2023, was $16,969,000, or $0.051 per ordinary share, compared to a non-GAAP net loss of $19,850,000 for the full year ended December 31, 2022, or $0.061 per ordinary share. Balance Sheet Highlights Cash and restricted cash totaled $15.7 million as of December 31, 2023, compared to $26.5 million in cash, restricted cash, and short-term deposits as of December 31, 2022. GAAP total equity totaled $16.0 million as of December 31, 2023, a decrease of 44.4% compared to $28.8 million as of December 31, 2022. The decrease is mainly attributed to the net loss for the period in the amount of $18,410,000 and from share-based payments in the amount of $1,441,000, offset by issuance of ordinary shares, net of issuance expenses, in the amount of $4,183,000. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on X, or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses that its collaboration agreements indicate expansive and diverse potential for long-term growth, the belief that it and Eye-Net are poised to achieve commercial breakthroughs in 2024, the potential for SoftBank to initiate sales efforts with its key business partners to move forward with the commercial validation of Eye-Net’s solutions, paving the way for improved collision prevention in Japan and that it expects to explore co-development initiatives with a leading Japanese vehicle manufacturer, for further evaluation of its solution’s capabilities. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 27, 2024, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

March 27, 2024 05:00 PM Eastern Daylight Time

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Trust Stamp announces key milestone as company introduces AI-powered age estimation technology

T Stamp Inc

Trust Stamp CTO Scott Francis joined Steve Darling from Proactive to unveil the company's latest innovation: its AI-Powered Age-Estimation technology. This groundbreaking solution is designed to enable both online and offline enterprises to estimate the age range of users based on facial image capture. According to Trust Stamp, understanding the age of online users is of paramount importance. Not only does it ensure that services and content suitable for mature audiences are not accessed by minors, but it also safeguards platforms designed for young people from infiltration by adult users. Francis emphasized that Trust Stamp recently participated in a competition against an industry leader in the age verification field. The outstanding performance of its deep-learning technology in this test has positioned Trust Stamp to negotiate the first commercial implementation of the age-estimation technology. This success underscores the efficacy and reliability of Trust Stamp's innovative approach. The company offers flexibility in the deployment of this technology. It can be delivered as a Software as a Service (SaaS) application through the Orchestration Layer, as an on-premises installation, via a Software Development Kit (SDK) for integration into mobile applications, or potentially as a stand-alone application capable of running on the edge without Internet access. This versatility ensures that enterprises can seamlessly integrate the age-estimation technology into their existing systems and workflows, catering to diverse operational requirements. In summary, Trust Stamp's AI-Powered Age-Estimation technology represents a significant advancement in age verification solutions, providing businesses with the tools they need to ensure compliance with age-related regulations and safeguard their online platforms. With its proven performance and flexible deployment options, Trust Stamp is poised to lead the way in enabling secure and responsible interactions in the digital age. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

March 27, 2024 12:20 PM Eastern Daylight Time

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Boardwalktech Software Corp Expands Commercial Agreements with Fortune 500 Clients

Boardwalktech Software Corp

Boardwalktech Software Corp CEO Andrew Duncan joined Steve Darling from Proactive to share exciting news about the company's expanded commercial agreements with three existing customers. Boardwalktech has developed a patented Digital Ledger Technology Platform that is currently utilized by Fortune 500 companies for running mission-critical applications worldwide. This clients include Coca-Cola, Apple and Ernst and Young Duncan highlighted one of these customers, Sekisui Chemical, which has implemented Boardwalktech's new Unity Central application to enhance its supply chain visibility and data management capabilities. These expanded business relationships underscore the value that Boardwalktech's technology brings to its clients, enabling them to optimize their operations and drive business growth. In addition to the expanded agreements, Duncan discussed the company's internal realignment efforts aimed at achieving overall profitability while maintaining sales growth. By reallocating internal resources and increasing efficiency in deal closure, Boardwalktech expects to generate approximately $1 million in annual cost savings. These savings will enable the company to focus on selective strategic additions to its Sales and Marketing teams while accelerating its timeline to profitability. Overall, Boardwalktech remains committed to delivering innovative solutions to its customers and driving value for its shareholders. The company's continued focus on enhancing its technology offerings and optimizing its operations positions it for sustained growth and success in the dynamic digital landscape. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 11:52 AM Eastern Daylight Time

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Dune Integrates the TRON Network and Joins HackaTRON Season 6 as a Partner

Dune

Oslo, Norway, March 27, 2024 – Dune, a web-based platform that allows users to query public blockchain data and create it into interactive live dashboards, has officially integrated the TRON network, a high-performance blockchain known for being the home of Web3. This collaboration marks a significant milestone in increasing coverage of accessible data for the blockchain ecosystem, and in particular the stablecoin ecosystem. Additionally, Dune has joined HackaTRON Season 6 as a partner and will offer judging support. Season 6 features a prize pool of up to $650,000*, featuring $500,000 in TRX, the TRON network’s native utility token, for regular prizes and $150,000* in energy prizes. Developers can use energy to subsidize network fees allowing for a better user experience for their dApps. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. All contest rules can be viewed here: https://trons6.devpost.com/rules "By joining forces with Dune, we are opening up a new world of possibilities for data analysis and transparency within the TRON ecosystem. This collaboration aligns perfectly with our mission to empower developers, users, and researchers with the tools they need to unlock the full potential of blockchain technology." - Dave Uhryniak, Ecosystem Lead, TRON DAO The TRON network’s integration into Dune brings a wealth of data and insights to the fingertips of users. From transaction volumes to smart contract interactions, the TRON ecosystem offers a diverse and dynamic landscape for exploration and analysis. Fredrik Haga, Co-Founder & CEO of Dune, expressed his enthusiasm for the collaboration, stating, "Adding TRON to our platform is a testament to our commitment to bringing all blockchain data together. We are excited to welcome the TRON community to Dune and look forward to the innovative analyses and discoveries that will emerge from this collaboration, especially the large USDT activity that happens on TRON." Accessing TRON’s data is now as straightforward as any other blockchain on Dune. Users can effortlessly create dashboards and queries to delve into the intricacies of the TRON network or explore pre-existing visualizations crafted by the community. Here are some initial dashboards to get you started: Dashboard #1 - TRON Network Overview Dashboard #2 - Stable Coin Activity Dashboard #3 - Transaction Dynamics This integration is a leap forward for analysts, developers, and enthusiasts alike, offering a new lens through which to view the evolving landscape of blockchain technology. Dive into the rich data landscape of TRON on Dune today! About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of January 2023, it has over 205.11 million total user accounts on the blockchain, more than 6.96 billion total transactions, and over $20.43 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network About Dune Dune is a web-based data analytics platform that democratizes access to blockchain data by enabling users to query, visualize, and share insights across various blockchains. With over 700,000 community-contributed data tables, Dune supports comprehensive analysis of tokens, wallets, protocols, and more. The platform's recent launch of the Dune API extends its capabilities for automated reporting, alerting, and integration into user applications. For more information, visit https://dune.com/home Dune | Dune Dashboards | X (Twitter) | YouTube | Discord | GitHub | Warpcast Media Contact Arnaud Simeray arnaud@dune.com Contact Details Arnaud Simeray arnaud@dune.com

March 27, 2024 11:24 AM Eastern Daylight Time

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