News Hub | News Direct

All Industries


Article thumbnail News Release

Nextech3D.ai Divests Map Dynamics to Focus on Core 3D Modeling Business

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to reveal the company's latest strategic maneuver: the divestment of its legacy business, Map Dynamics (MapD), through a shares-for-acquisition deal with ARway.ai. MapD, a renowned real-world mapping software firm, boasts an impressive client base of over 400 clients, generating $1.2 million in annual revenue and $250,000 in EBITDA over the past 12 months ending in March 2024. Gappelberg outlined that Nextech3D.ai's primary focus lies in the creation of 3D models for the e-commerce sector, leveraging generative AI technology. By shedding Map Dynamics, Nextech3D.ai solidifies its position as a dedicated AI-driven 3D modeling firm, a strategic direction Gappelberg has been steering towards for five years. This transition marks a pivotal moment for the company, enabling it to streamline its operations and concentrate on its core business, which caters to esteemed clients such as Amazon, Kohl's, Procter & Gamble, and Bunnings. In terms of financial performance, Nextech3D.ai has witnessed significant improvements, with profit margins projected to soar from 30% in 2023 to an anticipated 80% in Q2. The divestiture of Map Dynamics is poised to further enhance Nextech3D.ai’s profitability and bolster its growth prospects. Moreover, Gappelberg teased forthcoming announcements slated for June 2024, including Nextech3D.ai's designation as a preferred 3D model supplier for Amazon. This development is expected to substantially elevate the company's business trajectory and is eagerly awaited by investors. Gappelberg expressed confidence in Nextech3D.ai's continued success as it capitalizes on emerging opportunities in the burgeoning field of AI-driven 3D modeling. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 21, 2024 11:52 AM Eastern Daylight Time

Video
Article thumbnail News Release

ARway.ai Announces Acquisition of Map Dynamics to Accelerate Growth and Expand Offerings

ARway.ai

ARway.ai Chief Executive Officer Evan Gappelberg joined Steve Darling from Proactive to unveil the company's latest strategic move: the acquisition of Map Dynamics (MapD) in a shares-for-acquisition deal. MapD, a prominent real-world mapping software company, boasts a robust client base of over 400 clients, generating $1.2 million in annual revenue and $250,000 in EBITDA over the past 12 months ending in March 2024. Gappelberg explained that Map Dynamics, as a subsidiary of Nextech3D.ai, brings invaluable expertise in event technology to the table. By integrating Map Dynamics' established platform with ARway's cutting-edge augmented reality (AR) navigation capabilities, the acquisition promises to accelerate ARway's product development roadmap and unlock new revenue channels and growth opportunities. The strategic synergy between ARway and Map Dynamics positions the combined entity to offer enhanced mapping solutions that cater to a diverse range of industries and use cases. Leveraging Map Dynamics' proficiency in creating detailed venue maps and floor plans, ARway aims to bolster its platform's capabilities and broaden its market reach. Gappelberg expressed enthusiasm about the merger's potential to redefine the landscape of interactive mapping technology. By seamlessly integrating ARway's AR navigation features with Map Dynamics' mapping solutions, the company aims to deliver innovative and comprehensive mapping experiences that cater to the evolving needs of businesses and consumers alike. With the acquisition of Map Dynamics, ARway.ai is poised to strengthen its position as a leader in the mapping software industry and pave the way for further innovation and growth in the augmented reality space. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 21, 2024 11:50 AM Eastern Daylight Time

Video
Article thumbnail News Release

EdgeCortix Launches SAKURA-II Platform to Power the Next Wave of Generative AI at the Edge

EdgeCortix Corporation

EdgeCortix® Inc., a leading fabless semiconductor company specializing in energy-efficient AI processing at the edge, today unveiled its next-generation SAKURA-II Edge AI accelerator. This state-of-the-art platform, paired with EdgeCortix’s innovative second generation Dynamic Neural Accelerator (DNA) architecture, is engineered to tackle the most challenging Generative AI tasks in the industry. Designed for flexibility and power efficiency, SAKURA-II empowers users to seamlessly manage a wide range of complex tasks including Large Language Models (LLMs), Large Vision Models (LVMs), and multi-modal transformer-based applications, even within the stringent environmental constraints at the edge. Featuring low latency, best-in-class memory bandwidth, high accuracy, and compact form factors, SAKURA-II delivers unparalleled performance and cost-efficiency across the diverse spectrum of edge AI applications. Well-suited for numerous use cases across the manufacturing, industry 4.0, security, robotics, aerospace, and telecommunications industries, SAKURA-II features EdgeCortix’s latest generation runtime reconfigurable neural processing engine, DNA-II. Leveraging this highly configurable intellectual property block, SAKURA-II delivers power efficiency and real-time processing capabilities while simultaneously executing multiple deep neural network models with low latency. SAKURA-II can deliver up to 60 trillion operations per second (TOPS) of effective 8-bit integer performance and 30 trillion 16-bit brain floating-point operations per second (TFLOPS), while also supporting built-in mixed precision for handling the rigorous demands of next-generation AI tasks. The SAKURA-II platform, with its sophisticated MERA software suite, features a heterogeneous compiler platform, advanced quantization, and model calibration capabilities. This software suite includes native support for leading development frameworks such as PyTorch, TensorFlow Lite, and ONNX. MERA's flexible host-to-accelerator unified runtime is adept at scaling across single, multi-chip, and multi-card systems at the edge, significantly streamlining AI inferencing and shortening deployment times for data scientists. Furthermore, the integration with the MERA Model Library, with seamless interface to Hugging Face Optimum, offers users access to an extensive range of the latest transformer models, ensuring a smooth transition from training to edge inference. "SAKURA-II's impressive 60 TOPS performance within 8W of typical power consumption, combined with its mixed-precision and built-in memory compression capabilities, positions it as a pivotal technology for the latest Generative AI solutions at the edge," said Sakyasingha Dasgupta, CEO and Founder of EdgeCortix. "Whether running traditional AI models or the latest Llama 2/3, Stable-diffusion, Whisper or Vision-transformer models, SAKURA-II provides deployment flexibility at superior performance per watt and cost-efficiency. We are committed to ensuring we meet our customer’s varied needs and also to securing a technological foundation that remains robust and adaptable within the swiftly evolving AI sector." Key Benefits of SAKURA-II include: Optimized for Generative AI: Tailored specifically for processing Generative AI workloads at the edge with minimal power consumption. Complex Model Handling: Capable of managing multi-billion parameter models like Llama 2, Stable Diffusion, DETR, and ViT within a typical power envelope of 8W. Seamless Software Integration: Fully compatible with EdgeCortix’s MERA software suite, facilitating seamless transitions from model training to deployment. Enhanced Memory Bandwidth: Offers up to four times more DRAM bandwidth than competing AI accelerators, ensuring superior performance for LLM and LVM. Real-Time Data Streaming: Optimized for low-latency operations under real-time data streaming conditions. Advanced Precision: Provides software-enabled mixed-precision support for near FP32 accuracy. Sparse Computation: Supports sparse computation to reduce memory footprint and optimize bandwidth. Versatile Functionality: Supports arbitrary activation functions with hardware approximation for enhanced adaptability. Efficient Data Handling: Includes a dedicated Reshaper engine to manage complex data permutations on-chip and minimize host CPU load. Power Management: Features on-chip power-gating and power management capabilities to facilitate ultra-high efficiency modes. SAKURA-II will be offered as a stand-alone device, two different M.2 modules with varying DRAM capacity, single and dual-device low-profile PCIe cards. Customers can reserve M.2 modules and PCIe cards today for delivery in the second half of 2024. Reserve SAKURA-II accelerators today by registering here. For more information about EdgeCortix and SAKURA-II, visit https://www.edgecortix.com/en/. About EdgeCortix Pioneering the future of the connected intelligent edge, EdgeCortix is a fabless semiconductor company focused on energy-efficient AI processing of Generative-AI workloads at the edge. Founded in 2019 with R&D headquarters in Tokyo, Japan, EdgeCortix delivers a software-first approach with its patented "hardware and software co-exploration" system to design an AI specific runtime reconfigurable accelerator processor from the ground up. EdgeCortix's products disrupt the rapidly growing edge AI hardware markets including defense, aerospace, smart cities, industry 4.0, autonomous vehicles and robotics. Contact Details Racepoint Global Racepoint Global for EdgeCortix edgecortix@racepointglobal.com Company Website https://www.edgecortix.com/en/

May 21, 2024 08:00 AM Pacific Daylight Time

Image
Article thumbnail News Release

ToolsGroup Exhibiting and Franke Speaking at Gartner® Supply Chain Symposium/XPO™, June 10-12, in Barcelona

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is thrilled to announce its participation at the upcoming Gartner Supply Chain Symposium/Xpo 2024 in Barcelona, Spain, June 10-12. The event will feature a presentation by one of ToolsGroup’s valued customers, Franke, an industry leader in home solutions, food service systems and coffee equipment, scheduled for June 11. During this session, Franke will provide insights from their digital supply chain transformation journey, showcasing how they optimized the performance of their complex manufacturing and distribution ecosystem using ToolsGroup's AI-powered S&OP solution, driven by its flagship tool, Service Optimizer 99+ (SO99+). Franke wanted to enhance demand planning efficiency through a synchronized and integrated process, reduce manual workload to focus on value-added activities, and improve collaboration. From advanced forecasting and robust S&OP processes, Franke implemented ToolsGroup's AI-powered solution to support end-to-end planning, increase efficiency and enhance visibility. "ToolsGroup's advanced tools are instrumental in supporting our S&OP process, providing integrated synchronization and full cross-functional transparency. This enables us to improve demand and supply planning, enhance collaboration, and achieve end-to-end data visibility, empowering us to run multi-scenario planning with confidence," said Alberto Nisoli, Global Head of Supply Chain Platform at Franke. "Franke exemplifies all the keys to success for a digital supply chain transformation project,” remarked ToolsGroup CMO and EVP of Growth, Kevin Young. “They set clear objectives for the initiative and began their journey by implementing SO99+ to optimize supply chain performance and deliver immediate value. The value was extended by digitalizing their S&OP processes to achieve cross functional transparency and synchronization of demand and supply across the organization. We are proud to partner with Franke and to play a part in the tremendous results they are planning to achieve.” ToolsGroup was recently recognized in the Gartner® Magic Quadrant™ for Supply Chain Planning Solutions. We believe this recognition underscores our commitment to delivering cutting-edge solutions that empower businesses to optimize their supply chains effectively. A complimentary copy of the Gartner report is available here. Interested in learning more about ToolsGroup’s solutions? Schedule a meeting here and stop by kiosk #400. About Gartner Supply Chain Symposium/Xpo™ Gartner Supply Chain Symposium/Xpo conference delivers must-have insights, strategies and frameworks for chief supply chain officers (CSCOs) and supply chain leaders to think big and drive real impact within their organizations. Dive into supply chain strategy and tech at the Gartner Supply Chain Symposium/Xpo™ 2024 conference in Barcelona, Spain. For more information visit: https://www.gartner.com/en/conferences/emea/supply-chain-spain Gartner Disclaimer: GARTNER is a registered trademark and service mark of Gartner and Magic Quadrant, Gartner Supply Chain Symposium/Xpo and Peer Insights are a registered trademark, of Gartner, Inc. and/or its affiliates in the U.S. and internationally and are used herein with permission. All rights reserved. Gartner does not endorse any vendor, product or service depicted in its research publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner research publications consist of the opinions of Gartner’s research organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this research, including any warranties of merchantability or fitness for a particular purpose. About Franke Franke Group is a leading global supplier of products and services for residential kitchens, the foodservice and convenience store segments, as well as the professional coffee making industry. With more than 60 companies, it is represented on five continents. Its over 8,000 employees are constantly striving to develop innovative, adaptable solutions to meet business partners’ and consumers’ current and future needs. The products and services of the three divisions enable partners to keep pace with developments in a rapidly changing world. Franke combines cutting-edge technology, functional aesthetics and integrated services to deliver efficient, smart and sustainable solutions. It creates kitchen worlds and coffee making systems that fit flexibly into the living spaces of today and tomorrow. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels and inventory – delighting customers and achieving financial and sustainability KPIs.. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

May 21, 2024 10:45 AM Eastern Daylight Time

Image
Article thumbnail News Release

Kootenay Silver drilling at D-Vein shows major increase in strike length at Columba Silver Project

Kootenay Silver Inc.

Kootenay Silver CEO Jim McDonald joined Steve Darling from Proactive to reveal the latest developments from the company's exploration efforts, specifically focusing on the results from the initial six drill holes targeting the eastern extension of the D-Vein target. McDonald elaborated on the strategic approach taken in the drilling campaign, highlighting that four of the first six holes were intentionally drilled at shallow levels to establish the dip orientation of the vein before probing deeper into the productive zone. Given limited outcrop exposure in the drilling area, the initial holes were primarily focused on structural understanding, paving the way for subsequent holes CDH-24-152 and 153, which targeted grade at a significant 200-meter step-out from previous intercepts at a comparable depth. The targeted holes aimed at or below the critical elevation of 1750 meters above sea level, below which high silver grades are typically encountered at the Columba Project. Impressively, holes CDH-24-152 and 153 have expanded the previously established 450-meter strike length to 650 meters, marking a significant extension. Notably, these holes returned promising results, including 435 gpt silver over 11 meters drilled width (3.52 meters estimated true width) within 183 gpt silver over 40 meters drilled width (12.96 meters estimated true width), as well as a high-grade assay of 920 gpt silver over 1.35 meters drilled width (0.43 meters estimated true width). McDonald outlined the next steps for the drilling program, emphasizing the goal of delineating the extent of D-Vein mineralization through infill drilling. With a fully funded follow-up program of 20,000 meters in the pipeline, the company aims to deliver a maiden resource estimate by late 2024. Additionally, Kootenay Silver maintains a priority list of new vein targets and known vein extensions, all of which warrant further drill testing to unlock their full potential. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 21, 2024 10:32 AM Eastern Daylight Time

Video
Article thumbnail News Release

Callan Family Office Launches Business Advisory Practice to Serve Business Owners Through All Phases of their Company’s Lifecycle

Callan Family Office

Callan Family Office, a registered investment advisor serving ultra-high-net-worth families, family offices, foundations and endowments across the United States, today announced the launch of a new offering focused on supporting business owners considering transacting or transitioning their businesses. The Business & Transaction Advisory Practice will be led by industry veterans Jeff Getty and Lisa Clifford. They educate owners on value optimization, exit option strategies, and value enhancement through due diligence preparation. Additionally, they work closely with the business owner’s legal and tax counsel on transaction structuring to minimize all levels of taxation in alignment with the client’s financial, philanthropic, legacy and estate planning goals. “Business owners represent a large segment of the U.S. GDP and most owners’ net worth,” said Jack Ginter, Chief Executive Officer of Callan Family Office. “Before selling or transitioning, an owner should ensure that their business is in its strongest possible position to allow them to generate maximum value. Jeff and Lisa have spent decades strengthening companies and preparing them for sale. We are excited to bring them on to lead this practice and deliver holistic support to business owners during all phases of their business lifecycle.” Getty and Clifford join Callan Family Office from Key Private Bank, where Getty led the family wealth consulting team and founded the Business Advisory practice. During his 14-year tenure, he managed a team of 12 professionals, providing support on approximately 30 to 40 transactions per year. Getty holds a Juris Doctor and Master of Science in Taxation. In addition, he is a Fellow in the American College of Trust & Estate Counsel (ACTEC®), Accredited Estate Planner (AEP®), Certified Merger & Acquisition Advisor (CM&AA®), Certified Financial Planner (CFP®), and Certified Value Growth Advisor (CVGA®). He is author of the book The Descent is the Real Climb: The Unexpected Truths About Successful Business Transitions. “Having spent two decades advising thriving business owners, we are thrilled to join a company synonymous with entrepreneurial success,” Getty said. “We look forward to assisting clients of Callan Family Office on how to prepare for this life-changing event.” Clifford holds the Certified Private Wealth Advisor® designation (CPWA®) and is a Certified Merger & Acquisition Advisor (CM&AA®). “Unlike other firms, we have an extremely narrow focus: maximize the value of our clients’ businesses in preparation for a sale,” Clifford said. “I’m proud of our work for hundreds of owners, helping them achieve their goals for their businesses and families. I look forward to delivering optimal value to Callan Family Office clients.” About Callan Family Office Independently owned and operated, Callan Family Office was founded by experienced wealth professionals to provide investment management, thoughtful personalized advice, and holistic financial planning to ultra-high-net-worth families, foundations, and endowments. The firm's principals have spent their careers serving ultra-high-net-worth clients and institutions. Callan Family Office has agreements with Callan LLC to use the Callan ® tradename in providing investment advisory services to the ultra-high-net-worth market segment and to access Callan's institutional quality research, education, and investment guidance experience. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Callan Family Office has agreements with Callan LLC to use the Callan ® tradename in providing investment advisory services to the ultra-high-net-worth market segment and to access Callan's institutional quality research, education, and investment guidance experience. Callan Family Office and Callan LLC are independent, unaffiliated investment advisory firms separately registered with the Securities and Exchange Commission under the Investment Advisers Act of 1940. Callan Family Office (CFO) is the exclusive trademark licensee of Callan LLC. Callan LLC provides products and services to CFO. Clients of CFO are not clients of Callan LLC, and the parties are not affiliated. CALLAN, CFO and the other Callan trademarks and service marks are registered and/or unregistered trademarks of Callan LLC and may not be used without its permission. INVESTMENT ADVISORY SERVICES AND PRODUCTS PROVIDED TO CLIENTS OF CFO ARE PROVIDED SOLELY BY CFO AND NOT BY OR ON BEHALF OF CALLAN LLC. REPRESENTATIVES OF CFO ARE EMPLOYEES AND AGENTS OF CFO AND NOT EMPLOYEES OR AGENTS OF CALLAN LLC. Contact Details For Callan Family Office info@callanfo.com Company Website https://callanfamilyoffice.com/

May 21, 2024 10:00 AM Eastern Daylight Time

Article thumbnail News Release

Green Lantern Solar Completes Sale of Eight Community Solar Projects in Vermont to Sea Oak Capital, LLC

Green Lantern Solar

Green Lantern Solar, an innovative and trusted renewable energy developer, today announced the successful completion of the sale of eight 500-kilowatt (kW) net-metered solar projects in Vermont to Sea Oak Capital, LLC. These community solar projects, located in both Green Mountain Power (GMP) and Vermont Electric Cooperative (VEC) territories, mark a significant step forward in advancing the state’s renewable energy goals. Offtakers of the energy generated by these projects include eight family farms, three dairy farms, several retailers, hotels, resorts and restaurants, a campground and a country club. “We are pleased to partner with Sea Oak Capital in the development and construction of these projects,” said David Carpenter, VP of Development & Chief Legal Officer, Green Lantern Solar. “Over the course of 13 years and more than 135 projects, Green Lantern Solar’s community solar projects have provided significant value to municipalities and the communities and offtakers they serve. The successful sale of these projects further reinforces our business model of carefully selecting optimal project locations and efficiently developing them for maximum return for the owner, the customers and the community.” The portfolio includes a diverse range of projects throughout the state: Londonderry: Constructed on a town-owned parcel in Londonderry, Vt. (GMP), this project was completed on an expedited schedule during the winter. Castleton Heights: Constructed in Castleton, Vt. (GMP), this project was also completed on an expedited schedule during the winter months. Pico View: Located in Pittsford, Vt. (GMP), this project overcame several challenges, including a redesign around a wastewater replacement area. Pittsford Furnace Brook: Also located in Pittsford, Vt. (GMP), this project faced challenges stemming from significant archaeological sensitivity in the area. To mitigate these issues, innovative redesigns and construction sequences were employed to minimize the effects. ORR: Located in Lemington, Vt. (VEC), this project is on the reclaimed portion of an active sand-and-gravel operation. Bloom: Situated in Bloomfield, Vt. (VEC), this project is also on the reclaimed portion of an active sand-and-gravel operation. CRB: Located in Island Pond, Vt. (VEC), this project is also situated on the reclaimed portion of an active sand-and-gravel operation and is nearing completion. Throughout development, Green Lantern Solar collaborated closely with the landowner and regulatory authorities to ensure compliance with land-use permits. Brighton: Situated in Brighton, Vt. (VEC), this project is permitted on an active sand-and-gravel extraction operation and is expected to be completed in the first half of 2024. Vermont’s solar power generation accounts for more than 20% of the state’s electricity production. The Solar Energy Industries Association (SEIA) anticipates this growth to continue for the foreseeable future. A key driver behind this growth is net metering, which enables surplus solar energy to be returned to the grid in exchange for credits on electric bills. This mechanism fosters the uptake of renewable energy and allows both individuals and businesses to engage actively in Vermont's transition to 100% clean energy. Green Lantern Solar sold the multi-project portfolio, comprising Notice to Proceed (NTP) and Commercial Operation Date (COD) projects, to Sea Oak Capital, LLC. “Community solar project investments have become one of the bedrocks of our growth strategy,” said Dan Poydenis, Chief Executive Officer of Sea Oak Capital. “The completion of these projects not only assists the State of Vermont in meeting its renewable energy goals but also provides substantial and long-term savings to many local small businesses. We would like to congratulate the Green Lantern Solar team for their professionalism and hard work to make these projects a success.” “As we aggressively expand Green Lantern Solar’s footprint beyond Vermont and New England, we will continue to build on successes like these to leverage our deep experience and our proven development process in those new markets,” Carpenter added. About Green Lantern Solar Since 2010, Green Lantern Solar has advanced the development, construction and operation of more than 125 community solar projects and commercial solar solutions for municipal, education, healthcare and government entities. The company works directly with landowners to revitalize and re-develop low-value sites such as brownfields, landfills, quarries/pits/extraction sites and other challenging real estate. For more information, https://www.greenlanternsolar.com/, on LinkedIn and @GrnLntrnSolar on X ( Twitter). Contact Details Wilkinson + Associates Leah Wilkinson +1 703-907-0010 leah@wilkinson.associates Company Website https://www.greenlanternsolar.com/

May 21, 2024 09:37 AM Eastern Daylight Time

Article thumbnail News Release

Jessica Dalziel Elevated to Chief Client Officer at Avenue Z

Avenue Z

Avenue Z, a strategic marketing and communications company announces the appointment of Jessica Dalziel as its Chief Client Officer. Dalziel brings over 15 years of experience in unlocking top-tier solutions, fostering innovative thinking, and harnessing exceptional talent across strategic accounts. With this appointment, she will oversee the full breadth of client relationships across the Company. "Our strategy revolves around nurturing the growth and success of our clients across multiple channels. To accomplish this, we're embracing a more client-centric approach than ever before," stated Jeffrey Herzog, Chairman and CEO of Avenue Z." Jess’ natural leadership talents and steadfast connections bolster and accelerate our commitment to industry-wide revolution, amplifying customer experiences along the way." Dalziel will enhance client experience through solutions tailored to each client's unique needs and business goals, elevate service delivery standards, and fortify Avenue Z's reputation as a trusted advisor in the industry. In this role, Dalziel will report to the company’s COO, Dave Johnson. “Jess has been pivotal in shaping NightWise’s strategic marketing initiatives, elevating our brand's presence, and fostering smooth, productive collaborations with her exceptional talent and friendly demeanor”, said Danny Rinaldi Founder & CEO of NightWise. "Her adept management of complex projects has positioned us as frontrunners in the sleep industry, while her partnership with every team member has greatly contributed to our successes." Dalziel shared, “Many agencies focus solely on advancing technologies such as AI or the latest trends. A successful client strategy harnesses both but never loses sight of human empathy and trust. It delves into the intricacies of each client's needs, enabling our teams to tailor solutions that resonate on a deeper level and drive impactful results. I’m thrilled to leverage my background to strengthen our client relationships and bring unparalleled value alongside the talented team at Avenue Z”. Before joining Avenue Z, Dalziel served as the VP of Strategic Accounts at Investis Digital in New York. In this role, she spearheaded business growth, innovative processes, and resources, with a keen focus on business development and nurturing client relationships. Prior to that, Dalziel held value-creation positions at Isobar, a dentsu company, where she adeptly coordinated project plans on a global scale, seamlessly integrating them across diverse stakeholders. Dalziel earned her MBA from Trinity College Dublin, Ireland, and a bachelor's degree in Advertising from Grand Valley State University. Avenue Z is a strategic marketing and communications company breaking traditional boundaries between marketing, advertising and PR. From the Wall Street Journal to TikTok, PR to social and search, we create narratives that drive commerce, connections, and conversion, across all channels. With experts, tech and teams based in New York, Boston, Orlando, Miami and global reach - we drive influence. Visit www.avenuez.com Contact Details Avenue Z Madeleine Worrall +1 817-808-1521 madeleine.worrall@bevelpr.com

May 21, 2024 09:35 AM Eastern Daylight Time

Image
Article thumbnail News Release

Adro selects Stearns Bank as sponsor bank to bridge financial services gap for international students

Adro

Adro, a New York-based technology company enabling access to checking, savings and credit for international students and workers moving to the U.S. through its university partners, announced today Stearns Bank N.A. as its official bank sponsor. With support from Stearns Bank N.A. to build a financial on-ramp for internationals, Adro is set to launch this summer. Product highlights include: The ability to open an account before arrival in the U.S., no Social Security number required Complete product access from the day of arrival, including debit and credit cards via Apple Pay and Google Wallet The ability to begin building credit on Day 1, while waiting for a Social Security number to be issued, and Discounted international money transfers “As one of our earliest and biggest supporters, choosing Stearns Bank N.A. as our sponsor bank was an obvious choice,” said Amarildo Gjondrekaj, CEO and Co-founder at Adro. “Stearns has a long history of recognizing minority groups that are traditionally underserved and underbanked. They have been an invaluable resource in sharing their expertise in risk and compliance oversight. Their team has shown great appreciation towards what we’re building to improve the banking experience for internationals.” “We believe in listening to what our community needs. Our customers and communities are increasingly more global and mobile, and we’re all about increasing inclusion and access. Empowerment for all is our mission, and partnering with Adro to offer the full breadth of financial services to international students and workers aligns perfectly with our priorities,” said Kelly Skalicky, President and Chief Executive Officer at Stearns Bank N.A. Josh Hofer, Chief Risk and Information Security Officer at Stearns Bank N.A., who leads the fintech and innovation division adds, “We’re emerging as a leader in fintech partnership and innovation because of our strong risk management, compliance and regulatory expertise and our common-sense business approach, which we’re in a great position to leverage for Adro and its customers to expand and maximize Adro’s reach and impact.” With its bank sponsor now confirmed, Adro’s focus remains on narrowing down and finalizing its key university partners ahead of the upcoming 2024-2025 academic year. For more information, visit www.joinadro.com/university. -- About Adro Adro is a technology company helping internationals unblock access to financial services so they can live like a local. Based in New York, Adro has raised a $1.5M pre-seed and is backed by investors who deeply believe in equal access and opportunity for newcomers arriving in the U.S. Adro was selected to join the 2024 Hudson Valley Venture Hub Accelerator at SUNY New Paltz. Adro is a graduate of Westchester County’s Element 46 Tech Accelerator and a member of CELA Innovation. To learn more, visit www.joinadro.com. About Stearns Bank N.A. Minnesota-based Stearns Bank National Association is a $2.8 billion, independently owned financial institution with locations in Minnesota, Florida, and Arizona, and over 35,000 small business customers nationwide. Stearns Bank is consistently recognized as one of the Best Banks to Work For, most recently ranked by American Banker as the 5th best bank to work for among banks in the nation, while earning top rankings based on its strong capital and earnings as one of the nation’s highest-performing banks. The Independent Banker’s 2023 “Best of the Best” ranks Stearns Bank as the 4th best-performing bank in the U.S. among banks having more than $1 billion in assets based on banks’ 3-year average Return on Assets. Stearns Bank’s financial strength and success is achieved by Stearns Bank becoming one of the most prominent community impact lenders in the nation through effective public-private partnerships and innovative local initiatives with community organizations, CDFIs, and Minority Deposit Institutions across the country. Stearns Bank specializes in nationwide affordable housing, workforce and multifamily housing, commercial construction lending, build-to-suit and CRE-repositioning lending, family office and lender financing, USDA and SBA lending, and small business and equipment financing to foster economic development and entrepreneurial growth at a local level in communities across the country. As a national leader and go-to bank for nonprofits, Stearns Bank created a customized suite of Nonprofit Banking Solutions specially designed and tailored to empower nonprofit organizations across the country. Driven by a passion to help others achieve their greatest ambitions, Stearns Bank’s mission is to Get the Job Done! For more information, visit StearnsBank.com. Contact Details Katherine Wong Too Yen kat@joinadro.com

May 21, 2024 09:06 AM Eastern Daylight Time

1 ... 153154155156157 ... 3725