News Hub | News Direct


Airlines Automotive Electric Vehicles Logistics Maritime
Article thumbnail News Release

AI for good: Voxel AI tech is saving industrial workers’ lives as it increases funding to $30m with strategic funding round


Every year over 340m workers suffer a workplace injury: slips and falls, strains and sprains, vehicle collisions and crashes. Voxel, an AI startup using computer vision to transform safety and operations in the workplace, is today announcing a $12m strategic funding round to improve workplace safety and save lives. The strategic funding round was led by global manufacturing industry leader Rite-Hite with participation from existing investors Eclipse Ventures and World Innovation Lab. This takes total funds raised to $30m since 2020. In the US, manufacturing, logistics, and physical operations are the lifeblood of the economy, with over 25 million individuals at the frontlines, contributing to 40% of the nation’s GDP. However, with massive output comes the persistent challenge of workplace injuries and operational inefficiencies. Now, artificial intelligence is revolutionizing the field of environment, health and safety (EHS) in industrial operations. Voxel integrates state-of-the-art computer vision technology into existing security cameras to identify hazards, risky behaviors, and operational inefficiencies across a diverse range of workplaces. Once potential risks, such as near-miss vehicle collisions, blocked exits, improper ergonomics,or spills, are identified, a real-time alert is sent to on-site personnel who can take immediate action, and Voxel's analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations. In order to protect workers’ privacy, Voxel’s AI ethics policy means that no facial recognition or identification of individuals is permitted in their systems. Voxel provides its customers with resources for ethically and responsibly implementing AI in the workplace crafted after years of experience developing AI for America’s industrial leaders. Voxel has had a transformative impact for their strategic partners’ operations, reporting up to an 80% reduction in workplace injuries and substantially improving operational efficiency. Fortune 500 firms like Michael’s, Dollar Tree, Clorox, PPG Industries, Office Depot, and many others are already seeing the benefits of Voxel’s platform. Alex Senemar, CEO and co-founder of Voxel commented: “AI is saving lives. We’ve proven that our technology has made great strides toward reducing injuries and saving lives. Our approach is going to create worksites where employers don't have to bargain between meeting safety standards and meeting their productivity goals. The future of work is not just about doing more, but doing it safer in an environment fit for purpose”. Voxel business highlights (since series A funding round, April 2022) The team has grown from 10 people to over 50 employees, who have joined from established industry firms Samsara and Verkada to big tech Google, Apple, and Uber Featured in the Fast Company magazine Most Innovative Companies list Best B2B Tech Tool of 2023 by Products That Count. Voxel’s team is led by CEO Alex Senemar, who previously co-founded Sherbit, an AI-powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google. About Voxel Voxel uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe, while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. ​​Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas. A demo is available upon request. For more information, visit About Rite-Hite Rite-Hite is a world leader in the manufacture, sale, and service of loading dock equipment, industrial doors, safety barriers, HVLS fans, industrial curtain walls, and more - all designed to improve safety, security, productivity, energy savings, and environmental control. Watch Rite-Hite's Always Looking Ahead video to learn more. About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is one of the US’ leading venture capital organizations. Its leadership team has the experience necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel, and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies. For more information, visit Contact Details Voxel Bilal Mahmood +44 7714 007257 Company Website

August 30, 2023 07:00 AM Eastern Daylight Time

Article thumbnail News Release

World’s Aviation and Logistics Changemakers Converge on Hong Kong to Steer Future Development in 2024

Hong Kong Tourism Board

HONG KONG SAR - Media OutReach - 29 August 2023 - Further to the successful completion of the 3rd JCtrans Global Freight Forwarders Expo and International Air Transport Association (IATA) Aviation Day at AsiaWorld-Expo (AWE), the world of logistics and aviation is looking to Hong Kong to spearhead industry exchanges and new growth opportunities. Industry experts are inspired by the city's new infrastructure, and its strategic role as an international logistics and aviation hub as well as being an important gateway of the Greater Bay Area (GBA). On top of the home-grown Asian Logistics, Maritime and Aviation Conference (ALMAC) to be held in November this year, IATA World Cargo Symposium 2024, Aero-Engines Asia-Pacific 2024 and Super Terminal Expo 2024 will all be staged in Hong Kong for the first time. Kenneth Wong, General Manager, MICE & Cruise of the Hong Kong Tourism Board (HKTB) said "We are thrilled that Hong Kong has become the destination of choice for multiple aviation and logistic events! The city's status as an aviation hub with a globally connected transportation network, a future-proof Airport City development, top-notch convention venues and a gateway to the GBA makes it a strategic choice in the region to host major industry events. " Hong Kong as an aviation hub Located in the heart of Asia, Hong Kong is within five hours' flight of half of the world's population, with Hong Kong International Airport (HKIA) providing globally renowned air transport services. It is frequently ranked among the world's busiest international passenger airports as it hosts some 120 airlines; it is also the busiest cargo airport in the world, with cargo throughput of 4.2 million tonnes in 2022, making it one of very few airports that's a leader in both fields. Airport City as a booster for business events To enhance the connectivity with the GBA and the world, HKIA is transforming itself from a city airport to an Airport City. A robust expansion strategy is in place including the Three-runway System that will increase capacity by 50% to be able to serve 120 million passengers and 10 million tonnes of cargo annually. Plans are in hand to strengthen the multimodal network with GBA cities through state-of-the-art cross-boundary infrastructure, Hong Kong-Zhuhai-Macao Bridge to ensure seamless travel via Hong Kong, which helps to facilitate more multi-destination exchange and excursions within the region. As part of the Airport City development, AWE - which is located right next to the international airport, is expanding to house the city's largest indoor arena with over 20,000 seats, thus attracting more large-scale events to stage in town. These enhancements position the city as a super-connector to capture more business opportunities of both the lucrative GBA market and the world, providing growth impetus to Hong Kong's MICE industry. Vivian Cheung, Chief Operating Officer, Airport Authority Hong Kong and Hong Kong Convention Ambassador said, "I am thrilled to bring significant industry events to our city, which reflects the role of Hong Kong as a leading aviation, transportation and logistics hub. As a member of the Hong Kong Convention Ambassador programme, I look forward to welcoming even more business events and delegates from around the world." Simon Li, Chairman of AWE commented, "AWE takes immense pride in facilitating transformative dialogues set to redefine the transportation and logistics sectors. The events will demonstrate the unprecedented synergies that can be achieved in all-in-one Lantau, the heart of Hong Kong's transport network, comprises of new hotels, the city's largest hub for retail, dining and entertainment – 11SKIES, and an award-winning MICE venue." IATA World Cargo Symposium to be hosted in Hong Kong for the first time Having been the world's leading air cargo hub for many years, HKIA will be the host airport for the 2024 edition of the IATA World Cargo Symposium in March. The conference is expected to attract over 1,000 attendees from around the world, with the aim of tackling subjects related to technology and innovation, security and customs, cargo operations, and sustainability. Conrad Clifford, Deputy Director General and Corporate Secretary, IATA said, "Hong Kong has the elements needed to retain its status as an important aviation hub for both passengers and air cargo. This includes having a strong hub airline, Cathay Pacific, as well as having the experience and expertise in handling perishable goods, lithium batteries and other dangerous cargo. I am confident that Hong Kong's traffic will return to pre-pandemic levels by the end of 2024, three years earlier than previously expected. This is in line with expectations of a faster recovery in the Asia-Pacific region." Super Terminal Expo 2024 inaugural in Hong Kong to capture world's fastest growing market Debuting at AWE in November 2024, Super Terminal Expo 2024 – the first of its kind – will feature dynamic networking opportunities and educational sessions as well as highlight important insights into trends and technologies shaping the future of cargo and passenger terminals, as well as ports, railways and building construction industries. Michael Duck, Executive Vice President of Commercial Development for Informa Markets added: "The Asia-Pacific region is the largest global logistics and passenger transport market, and Hong Kong sits right at its heart. We are delighted to host the inaugural Super Terminal Expo in this thriving market. Right before the flagship exhibition, we will also host Aero-Engines Asia-Pacific 2024 as part of Aviation Week Network's Aero-Engines series in the city in April 2024. These events present a raft of opportunities that will allow businesses to tap into the growing demand for logistics and passenger transportation services." Future Aviation, Transport, Logistics Conventions and Exhibitions Contact Details Hong Kong Tourism Board Ms Ivy Chung +852 2807 6255 Hong Kong Tourism Board Ms Candice Leung +852 2807 6578

August 29, 2023 04:07 AM Eastern Daylight Time

Article thumbnail News Release

Better Trucks Surges to 32 Markets Adding Texas and GLS Partnership in the West

Better Trucks

Better Trucks and GLS partnership unlocks nationwide markets to customers of both companies Better Trucks, a technology-driven logistics firm focused on rapid parcel delivery, has expanded its coverage area to 32 markets across 20 states, delivering to 126 million people and 40% of U.S. households. Better Trucks’ expansion includes the launch of its own operations in major metro areas in Texas including Dallas-Fort Worth, Houston, Austin and San Antonio. Additional expansion is realized through a partnership with GLS, a premier full-network carrier with operations across the Rocky Mountain region and West Coast. The bilateral partnership opens the combined footprint to customers of each company, unlocking markets from New York City to San Diego. “Shippers want a carrier with national reach that can integrate both technology and physical delivery in two days or less,” said Steven Bergan, GLS U.S. President. “Our partnership with Better Trucks unlocks not just one, but every region our customers have been asking for beyond our coverage in the West. Our clients can now deliver to the midwest, southeast, Texas and up to New York without any change to their process, and our markets are open to Better Trucks customers.” “Technology is a key focus of our partnership with GLS to create a seamless handoff between our operations to expand coverage for our respective customers,” said Andy Whiting, Better Trucks co-founder and CEO. “It is vital to both of us to uphold our high service standards. Customers can still print labels, initiate pickups and track packages as they always have, but now from coast to coast.” Better Trucks’ operational roadmap includes additional expansion plans during the remainder of 2023 and through 2024. ### About Better Trucks Better Trucks is a technology-driven, last-mile delivery carrier built for digital commerce. Founded in 2019, it delivers a better experience for retailers, e-commerce firms, and fulfillment centers to ship parcels faster with better communication and better value. Specializing in next-day and two-day deliveries, Better Trucks sorts and labels packages within its strategically-placed warehouses and delivers them through its extensive driver network. Visit for more information. About GLS US GLS is a full service parcel carrier providing first, middle, and last mile parcel shipping and delivery services across the western US from Denver to the Coast. They drive lower costs and faster time-in-transits through technology, customer engagement, and flexible pick-up options that help shippers lower their total landed cost of delivery. To learn more visit Contact Details John Hall +1 303-223-6965 Company Website

August 28, 2023 08:01 AM Central Daylight Time

Article thumbnail News Release

DB Schenker Lance une Série de Vidéos sur la Logistique dans les Amériques Présentant le Port de Montréal comme une Porte d'Entrée Européenne et Asiatique

DB Schenker

En tant que l'un des principaux fournisseurs de services logistiques au monde, DB Schenker a récemment publié une série de vidéos acclamées axées sur les principales passerelles logistiques dans les Amériques. À travers une série de cinq courtes vidéos, l'organisation mondiale met en lumière le Port de Montréal au Québec, au Canada, le plus grand port de l'Est du Canada. Animées par DB Schenker, les séances de questions-réponses mettent en vedette Paul Bird et Guillaume Brossard et Daniel Dagenais du Port de Montréal. Ensemble, ils discutent des défis actuels auxquels les ports du monde entier sont confrontés et des mesures qu'ils prennent pour les combattre dans la région. Et, les stratégies et actions pour lesquelles ils se sont engagés et se sont engagés à rester le port résilient et sans congestion pour lequel il est réputé. Du point de vue international, Susanne Aschi, Silvia Costantini et Chloe Adams discutent de leurs rôles en tant que Consul généraux et de la façon dont ils relient le Port de Montréal à leurs pays d'origine, l'Allemagne, l'Italie et le Royaume-Uni. De plus, Yves Lapere, l'Attaché Économique et Commercial de la Mission des Flandres, a donné une perspective basée en Belgique. Connecté à plus de 140 pays dans le monde, le Port de Montréal est le plus grand port de l'Est du Canada. Le port diversifié gère tous les types de cargaison, le vrac sec, le vrac liquide et les conteneurs étant les secteurs les plus importants. L'installation expansive traite tous les types de biens et travaille dans de nombreuses industries. Le port accueille plus de 2,000 navires par an, 2,500 camions par jour, 60 à 80 trains par semaine et 50,000 croisiéristes et membres de croisières sur 13 lignes de croisière. Toutes les grandes compagnies maritimes mondiales offrent leurs services au Port de Montréal, avec des services avec l'Europe du Nord, la Méditerranée reliant le Moyen-Orient, l'Asie et d'autres marchés mondiaux. Le port est relié à deux chemins de fer de Classe 1 au Canada, le Canadien National et le CPKC, offrant à ses partenaires fiabilité, fluidité et optionnalité. Souvent désigné comme le "moteur économique du Grand Montréal," le port dynamique est une installation diversifiée construite sur un écosystème logistique efficace qui gère environ 6,300 entreprises différentes. Ces chiffres vont augmenter dans un proche avenir. "Il est important pour nous de rester concentrés sur le renforcement des capacités de nos clients. Au cours des quatre prochaines années, nous visons à construire notre futur projet d'expansion, qui est le terminal de Contrecœur, qui se trouve à environ 50 kilomètres (30 milles) en aval d'ici," a déclaré Paul Bird, Vice-Président du Projet Contrecœur et Responsable de la Transformation Numérique pour le Port de Montréal. "Ça comprend l'ajout d'une capacité de 60% pour une capacité globale de 1.5 million d'UT en plus de la capacité actuelle à Montréal. C'est là que nous allons et comment nous [répondons] au marché." Partie essentielle de l'infrastructure de logistique et de transport du Canada, le Port de Montréal est le deuxième plus grand port à conteneurs du pays et l'Europe est son principal marché. "Ça veut dire qu'une grande partie du commerce de marchandises entre le Royaume-Uni et le Canada passe par le Port de Montréal," explique Chloe Adams, Consul générale Britannique à Montréal, qui voit également plus de croissance à venir. "Nous espérons que [le chiffre] augmentera à mesure que le commerce entre nos deux pays augmentera," ajoute Adams. "Il y a eu une augmentation de 17.5% du commerce bilatéral entre le Royaume-Uni et le Canada entre 2021 et 2022, et nous espérons que la trajectoire se poursuivra." Pour voir les vidéos complètes, cliquez sur les liens ci-dessous: À propos de DB Schenker Americas DB Schenker est l'un des plus grands Fournisseurs de Services Logistiques Intégrés des Amériques avec plus de 10,000 employés dans 123 sites fournissant plus de 27 millions de pieds carrés d'opérations de distribution à ses clients. La présence de DB Schenker dans les Amériques comprend l'Argentine, le Brésil, le Canada, le Chili, le Guatemala, le Mexique, le Panama, le Pérou, les États-Unis et le Venezuela. DB Schenker offre des services de transport terrestre et de fret aérien et maritime, ainsi que des solutions logistiques complètes et des services de gestion de la chaîne d'approvisionnement mondiale à partir d'une source unique. Avec des partenaires intégrés à travers les Amériques, DB Schenker offre la meilleure combinaison de connaissances intimes sur les pratiques locales et de capacités mondiales. Contact Details Nicholas Leighton +1 949-478-5880 Company Website

August 24, 2023 05:35 PM Eastern Daylight Time

Article thumbnail News Release

Foresight Announces Second Quarter 2023 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (the “Company” or “Foresight”), today reported financial results for the second quarter of 2023. Foresight ended the first half of 2023 with revenues of $55,000 and with $17.8 million in cash, cash equivalent, restricted cash, and short-term deposits. The Company reported a U.S. generally accepted accounting principles (“GAAP”) net loss of $6.1 million and a non-GAAP net loss of $5.6 million for the second quarter of 2023, compared to a GAAP net loss of $10.1 million and a non-GAAP net loss of $9.7 million for the second quarter of 2022, reflecting a decrease of 40% and 42%, respectively. “At the end of the second quarter, we recorded a significant milestone with the signing of our exclusive commercialization agreement with Elbit Systems Land Ltd. (“Elbit”) (Nasdaq and TASE: ESLT),” said Haim Siboni, Foresight’s CEO. “This agreement will put our technology directly in the hands of Elbit customers in the defense, paramilitary and homeland security industries. We believe that this is an important step forward for Foresight, as well as notable validation of our technology by one of the world’s leading defense suppliers. The commercialization agreement may result in revenues of up to $4 million over a five-year contractual period. “Foresight’s ongoing strategy of collaborating with global leading Tier One suppliers continues. During the second quarter, we signed a memorandum of understanding (MOU) with KONEC, a leading South Korean Tier One automotive supplier. This MOU is an important first step as we enter one of the world’s most important automotive markets, and it builds off our previous successes working with leading Tier One suppliers in Japan, China, Europe, and the United States. Tier One suppliers value the benefits of our 3D perception stereo vision solutions, and we expect this widespread interest to convert into paying customers in the coming quarters. Second Quarter Corporate Highlights: ● Foresight Secures Revenues of Up to $4 Million with Signing of Exclusive Commercialization Agreement with Elbit Systems: In July, Foresight announced the signing of an exclusive agreement with Elbit for the integration, marketing and licensing of Foresight’s image processing software solution. Foresight anticipates revenues of up to $4 million over a contractual period of five years, with minimum guaranteed revenues of $1 million over the same period. According to the agreement, Elbit will commercialize Foresight’s software solution in the form of a software license. Foresight’s solution will be offered to Elbit’s end customers as a component of advanced driver assistance systems (ADAS) for driving safety, as well as a solution for semi- and fully autonomous platforms used in unmanned combat and security ground vehicles in the defense, paramilitary and homeland security markets. ● Foresight Signs MOU with South Korean Tier One Supplier KONEC for Cooperation in ADAS and Autonomous Driving Solutions: In June, Foresight signed a memorandum of understanding (MOU) with KONEC, a South Korean Tier One automotive supplier. According to the MOU, Foresight and KONEC will collaborate to develop ADAS and autonomous driving solutions, which will expand KONEC’s product offering to global customers such as Hyundai, Tesla and Magna. The MOU represents Foresight’s first entry into the thriving South Korean automotive market. ● Foresight Regains Compliance with Nasdaq Minimum Bid Price Rule: In early May, Foresight received a letter from the Nasdaq Stock Market confirming that Foresight regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2). Foresight can now continue its listing on the Nasdaq Stock Market, and the previous matter of non-compliance is now closed. Second Quarter 2023 Financial Results Research and development (R&D) expenses, net for the three months ended June 30, 2023, were $3,150,000, compared to $2,806,000 for the three months ended June 30, 2022. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $335,000. Marketing and sales (S&M) expenses for the three months ended June 30, 2023, were $484,000, compared to $605,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $62,000 and a decrease in payroll and related expenses in the amount of $63,000. General and administrative (G&A) expenses for the three months ended June 30, 2023, were $715,000, compared to $837,000 for the three months ended June 30, 2022. The decrease is mainly attributable to a decrease in professional services expenses in the amount of $78,000. Finance expenses, net for the three months ended June 30, 2023, were $1,715,000, compared to $5,991,000 for the three months ended June 30, 2022. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision Ltd. (“Rail Vision”) to its fair value in the amount of $1,666,000 for the three months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $5,588,000 for the three months ended June 30,2022. GAAP net loss for the three months ended June 30, 2023, was $6,064,000, or $0.02 per ordinary share, compared to a GAAP net loss of $10,116,000, or $0.03 per ordinary share, for the three months ended June 30, 2022. Non-GAAP net loss for the three months ended June 30, 2023, was $5,651,000, or $0.02 per ordinary share, compared to a non-GAAP net loss of $9,663,000, or $0.03 per ordinary share, in the same quarter last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided in the financial statements that are part of this release. First Half 2023 Financial Results R&D expenses, net for the six months ended June 30, 2023 were $6,269,000, compared to $5,498,000 in the same period last year. The increase is mainly attributable to an increase in payroll and related expenses in the amount of $592,000. S&M expenses for the six months ended June 30, 2023, were $1,188,000, compared to $1,229,000 for the six months ended June 30, 2022. The decrease is mainly attributable to a decrease in payroll and related expenses in the amount of $88,000, to a decrease in consultants in the amount of $88,000 offset by an increase in exhibitions, conventions and travel expenses in the amount of $116,000. G&A expenses for the six months ended June 30, 2023 were $1,573,000, compared to $2,025,000 in the same period last year. The decrease is mainly attributable to a decrease in professional services in the amount of $204,000 and from a decrease in payroll and related expenses in the amount of $115,000. Finance expenses, net for the six months ended June 30, 2023, were $1,655,000, compared to $3,519,000 in the same period last year. The decrease is mainly attributable to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $1,544,000 for the six months ended June 30, 2023, compared to expenses from the revaluation of the Company’s investment in Rail Vision to its fair value in the amount of $2,788,000 for the six months ended June 30,2022. GAAP net loss for the six months ended June 30, 2023 was $10,651,000, or $0.03 per ordinary share, compared to a GAAP net loss of $12,140,000, or $0.04 per ordinary share, in the same period last year. Non-GAAP net loss for the first half of 2023 was $9,894,000, or $0.03 per ordinary share, compared to a non-GAAP net loss of $11,191,000 or $0.04 per ordinary share, in the same period last year. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $17.8 million as of June 30, 2023, compared to $26.5 million as of December 31, 2022. GAAP shareholders’ equity totaled $18.9 million as of June 30, 2023, compared to $28.8 million as of December 31, 2022. The decrease is attributed mainly to the net loss for the period. 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. 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 the Elbit commercialization agreement is a validation of its technology by one of the world’s leading defense suppliers, the potential revenues that may be realized under that agreement, that Tier One suppliers’ interest in its products are expected to convert into paying customers in the coming quarters, that the ADS ratio change ensures that it will be able to focus on business expansion and technological innovation as the Company takes advantage of the transition to autonomous driving solutions. 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 30, 2023, 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. Investor Relations Contact: Miri Segal-Scharia CEO MS-IR LLC 917-607-8654 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, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 Company Website

August 23, 2023 04:05 PM Eastern Daylight Time

Article thumbnail News Release

Seeing Machines upbeat on growth trajectory and funding position

Seeing Machines Ltd

Seeing Machines Ltd (AIM:SEE, OTC:SEEMF) CEO Paul McGlone speaks to Thomas Warner from Proactive after the advanced computer vision technology company released a trading update for the year to 30 June 2023. The update revealed a robust top-line performance, with revenues exceeding expectations at $57.8 million, marking a nearly 50% increase from the previous year. McGlone highlights momentum in sales, emphasising the importance of annual recurring revenue from their fleet and aftermarket business, driven by connected vehicle support which reached $13.6 million—a 27% YoY rise. He also makes note of what he considers the company's strong balance sheet, with a cash position of $36.8 million and engagement in regulatory advancements worldwide, including in key market the US. McGlone expresses confidence in Seeing Machines' ability to sustain its current level of growth, particularly in the aftermarket sector and automotive business which is buoyed by increasing deployment of their technology in production vehicles. Contact Details Proactive UK Ltd Proactive UK Ltd +44 20 7989 0813

August 23, 2023 05:06 AM Eastern Daylight Time

Article thumbnail News Release

Cepton looking to capitalize on business initiatives as company delivers strong 2Q financials

Cepton Inc

Cepton Inc chief financial cfficer Hull Xu joined Steve Darling from Proactive to discuss the company's second-quarter performance. Cepton achieved a milestone by setting a new company record for shipments of its LiDAR technology, demonstrating its robust momentum in the automotive and smart infrastructure markets. Xu emphasized the notable achievement of Cepton, pointing out that the company is poised for a substantial increase in shipment volume in each successive quarter throughout the remainder of the year. He also highlighted a significant accomplishment within the company's portfolio, as Cepton is actively fulfilling a multi-million dollar tolling contract, underscoring its strong standing in the market. The company is on track to meet orders to support original equipment manufacturers' (OEM) start of production by the end of the year and has successfully delivered to General Motors with support from Koito, a strategic partner. Xu also provided insights into Cepton's Smart Infrastructure division. The company has secured its first production orders for lidar installations in multiple airports across the United States. Cepton is in advanced discussions to expand these projects to additional states and countries, showcasing the increasing adoption of its lidar solutions in various sectors. Contact Details Proactive Investors +1 604-688-8158

August 22, 2023 01:37 PM Eastern Daylight Time

Article thumbnail News Release

Ocean Power Technologies announces major milestone in the field of autonomous maritime technology

Ocean Power Technologies Inc

Ocean Power Technologies vice president of sales Matt Burdyny joined Steve Darling from Proactive to share an exciting development within the company. Ocean Power Technologies has achieved a significant milestone by successfully demonstrating the capabilities of its Wave Adaptive Modular Vessel during the 10th Annual Maritime Security West event. During the event, the company showcased the WAM-V's capability to remotely attach itself to a buoy and establish a connection for charging. Burdyny explained to Proactive that the achievement was the outcome of on-water trials conducted earlier in the month. This successful connection and charging capability represent a notable advancement in integrating renewable energy sources within the maritime industry. Burdyny emphasized that this achievement has important implications for the future of autonomous vessels. The successful docking of the WAM-V to the buoy demonstrates the potential for extended-duration autonomous operations, which could open up a range of applications within the maritime sector. Contact Details Proactive Investors +1 604-688-8158

August 22, 2023 01:32 PM Eastern Daylight Time

Article thumbnail News Release

NAVEX Enhances Communication with AI-Driven Translations

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, announces the launch of a new NAVEX One platform shared service: dynamic machine translations. This first-to-market addition in the governance, risk and compliance (GRC) space will empower organizations operating across different countries to overcome language barriers, enabling accurate risk and compliance-related communication between employees, third parties and program administrators. NAVEX understands the challenges organizations face in maintaining accurate communication when dealing with sensitive data arising from risk and compliance tasks. Many organizations struggle with language barriers, hindering effective collaboration. With varying language skills among responders, the potential for misunderstandings and misinterpretations can be detrimental to decision-making and compliance efforts – especially in time-sensitive cases. "NAVEX is pioneering the future of machine translations within the GRC space, directly tackling the complexities of multilingual communication," stated A.G. Lambert, chief product officer at NAVEX. "The integration of secure machine translation into NAVEX One makes it simple for GRC professionals to translate disclosures, assessments, and responses, leading to better communication and faster resolution." The introduction of dynamic machine translations addresses these issues and improves communication efficiency. With advanced artificial intelligence technology, this shared service allows end users to translate directly from the NAVEX One user interface. How machine translations work In the past, administrators encountered the repetitive task of manually copying text, relying on external translation tools, and then painstakingly inputting the translations to proceed with their workflow. However, with the introduction of the machine translations shared service built on Amazon Web Services (AWS), administrators are now equipped to address important matters promptly and efficiently, leading to quicker resolution rates. Moreover, administrators can assess third-party entities proficiently, regardless of the languages they speak or the answers they provide. The user-friendly NAVEX One interface makes translating disclosures, evaluations, and responses easy, promoting smooth communication and understanding. "By relying on the broadest and deepest set of cloud services on AWS, including Amazon Translate, NAVEX is able to use machine translations within the governance, risk and compliance space, directly tackling the complexities of multilingual communication,” stated Venky Nagapudi, Senior Product Management Leader, Amazon Translate, AWS. “The work between NAVEX and AWS makes it easy to translate disclosures, assessments, and responses, leading to better communication and faster resolution." Key benefits of NAVEX One machine translations include: Multilingual support: The system supports 75 languages, facilitating seamless communication with stakeholders worldwide. Accurate and reliable: Powered by advanced neural network technology, the feature ensures precise translation of critical information. Streamlined workflow: The translation functionality integrates seamlessly into existing GRC workflows, saving time and effort for administrators and responders. Cost-effective translations: Organizations can deliver faster results and decrease operational costs by reducing the need for external translation services. Data privacy: Advanced technical and physical measures, including encryption at rest and in transit, are used to prevent unauthorized access or sharing of content. Incorporating a dynamic machine translation service highlights NAVEX's continued commitment to fostering innovative solutions throughout the NAVEX One platform. By seamlessly integrating artificial intelligence and machine learning capabilities, NAVEX continues to empower companies to overcome language obstacles, promoting cross-cultural teamwork and elevating the effectiveness of GRC processes. As NAVEX continues to leverage AI and ML, it cements its position as a leader in cutting-edge technology within the GRC space. The NAVEX One GRC – Information System Multilingual Machine Translation marks a bold stride in NAVEX’s innovative journey following the recent launch of the NAVEX Compliance Assistant. NAVEX's unwavering commitment to AI/ML innovation propels the governance, risk, and compliance landscape into a new era. By harnessing the power of AI, NAVEX is reshaping the compliance landscape, streamlining intricate processes, and automating tasks. This first-to-market shared service accelerates and enhances compliance initiatives while fostering clarity across your organization. Navigate the future of compliance with your AI-powered ally, simplifying employee compliance in ways that redefine ease and efficiency. For more information, visit the NAVEX One Platform. And read our blog. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 Company Website

August 22, 2023 08:00 AM Eastern Daylight Time

1 23456 ... 110