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InMed Pharmaceuticals Has Multiple Milestones Coming Up In 2024, With A Focus On Three Conditions With An Unmet Need

Benzinga

By Meg Flippin, Benzinga Cannabinoids are having a moment in treating everything from Alzheimer’s to ocular diseases and InMed Pharmaceuticals Inc. (NASDAQ: INM) seems to be at the center of it all. The leader in cannabinoids and cannabinoid analogs pharmaceutical research, development, manufacturing and commercialization hit key milestones in advancing its cannabinoids-based treatments for Alzheimer’s disease, age-related macular degeneration (AMD) and epidermolysis bullosa in 2023 with more inroads to come in 2024. Take Alzehimer’s for starters. The disease is a big and growing problem afflicting about 6.7 million people 65 and older in the U.S. By 2060 it’s projected that 14 million people in the U.S. will suffer from the degenerative neurological disease. Treatments exist to address the symptoms related to memory and cognitive function and in some instances slow the rate of cognitive decline, but none have been able to reverse disease effects. Making An Impact InMed hopes to change that with INM-901, a rare cannabinoid analog the company says has the potential to target several biological pathways associated with Alzheimer’s. Previous industry research has shown cannabinoids hold promise in not only slowing the progress of Alzheimer’s but potentially reversing its effects thanks to their neuroprotective and regenerative properties. InMed’s data from preclinical i n vivo studies released last year showed INM-901 improved cognitive function and memory, locomotor activity, anxiety-based behavior, sound awareness and neuronal function. INM-901 also displayed neuroprotective effects by reducing cell death in an amyloid-beta-induced cytotoxicity study. To further evaluate INM-901 in 2024, InMed has initiated longer-term, six-month preclinical studies in behavior models. At the same time, the company is gearing up to launch more advanced preclinical studies, encompassing drug distribution, metabolism, active pharmaceutical ingredients and drug product formulation/manufacturing. Cannabinoids Can Protect Eyes Another big disease InMed is going after is age-related macular degeneration or AMD, which is a common cause of vision loss and potential blindness in people over 50. Based on 2019 estimates, AMD afflicts 19.8 million people or 12.6% of Americans 40 and up. Globally it affects 35% of people 74 and older. As it stands, there is no cure for AMD although treatment can prevent or slow the progression of the disease. Left unchecked patients may lose central field vision in the affected eye within 24 months of disease onset. INM-089, InMed’s ocular program for AMD launched in November is showing promise in changing that. Preclinical studies showed the potential for the drug to preserve retinal function, proactively protect the retinal cells that are responsible for vision and enhance the thickness of the outer nuclear layer of the retina where photoreceptors are situated, InMed said. Coming off those positive results, InMed is engaged in advanced preclinical studies and drug product formulation work, and it plans to launch Investigational New Drug studies in mid-2024. The goal is to file an Investigational New Drug application with regulatory authorities in the first half of 2025. “As we embark on 2024, we are placing increased emphasis on proprietary small molecule drug development candidates in our pharmaceutical pipeline with two exciting new programs addressing critical unmet medical needs,” said InMed CEO Eric A. Adams. “Our focus on developing proprietary cannabinoid analogs over the past two years has started to pay dividends, evident in their utilization in these two new preclinical programs.” Dermatology Program Additionally, last year, the company successfully completed a phase 2 clinical trial in the treatment of epidermolysis bullosa or EB, a rare genetic skin disease marked by fragile skin that can lead to extensive blistering and wounding. Data from a phase 2 clinical trial of INM-755 showed a positive indication of enhanced anti-itch activity for INM-755 cannabinol cream versus the control cream alone, warranting further development. InMed thinks INM-755 holds promise for further advancement in the treatment of chronic itch and other related ailments and is currently seeking partnerships for continued development. Supplier To All In addition to developing its own treatments, InMed is a key supplier of rare cannabinoids as ingredients to the health and wellness market. The company’s BayMedica unit focuses on being a low-cost/high-quality manufacturer of certain non-psychoactive rare cannabinoids and an ingredients supplier to brands within the health and wellness industry. In 2023, the company said the unit experienced “significant” year-over-year revenue growth, and it is making moves to capitalize on revenue-generating opportunities in 2024. To that end, BayMedica is embracing a distributor model to expand coverage across the U.S. InMed is betting consumer brands will use more rare cannabinoid ingredients in 2024 – and InMed will be ready to provide them. “BayMedica continues to drive robust year-over-year revenue growth. The foreseeable future looks promising for the health and wellness segment as demand for minor cannabinoid ingredients continues to gain momentum,” said Adams. Cannabinoids hold promise to treat and potentially cure several diseases. InMed seems to be at the forefront of these groundbreaking advances. If 2023 is any indication, investors may want to watch for more milestones out of InMed this year and beyond. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 26, 2024 08:40 AM Eastern Standard Time

How Laser Photonics Helps Drive Safety And Efficiency In Maritime, Aerospace And Nuclear Industries With Cleaning And Marking Lasers

Benzinga

By Faith Ashmore, Benzinga The global laser cleaning market is projected to grow to $12 billion by 20 25, and the global laser marking market to grow to more than $5 billion by 2030. As technology continues to advance, demand climbs for better and more efficient industrial lasers across a wide range of industries. The aviation, aerospace, defense, shipbuilding and nuclear power sectors are particularly forward-looking in pursuit of improvements. The United States government and the Department of Homeland Security recently approved multiple programs regarding industrial laser use, signaling their current and future value in aerospace and military manufacturing. A pioneer in responding to such needs, Laser Photonics Corporation (NASDAQ: LASE) is a leading global developer of industrial laser systems, specializing in integrated laser cleaning solutions and laser marking and engraving. Their high-powered CleanTech laser systems eliminate surface corrosion and coatings from a wide variety of materials without causing harm to the surface beneath. In addition to surface cleaning and conditioning, other applications include pre-welding preparation and post-welding treatment. Technology that qualifies as CleanTech uses no harmful chemicals or substances while achieving fast and accurate cleaning results. Their advanced productivity and safety features serve to secure their reputation as a safer, more efficient option while ensuring operators are protected from the hazards of traditional systems. In global manufacturing, Laser Photonics reports that the value of its MarkStar direct parts marking, UID engraving and deep engraving technology is continuously expanding. Such practices pay for themselves quickly as they streamline traceability, production flow control, inventory control and renewal, service marking, product quality validation as well as long-term product liability and reliability monitoring. In the aviation and aerospace industry, Laser Photonics' maintenance-free laser equipment and systems play a significant role in streamlining manufacturing and repair processes from MarkStar direct parts marking, UID and deep engraving to their newest CleanTech laser cleaning systems. On top of corrosion and coating removal, cutting-edge CleanTech laser cleaning technology can be utilized by professionals in the aerospace industry to clean fixtures, perform selective paint removal on rivets, clean landing gears, clean landing strips and more. Laser Photonics’ solutions are also valuable to the maritime industry, shipbuilding and ship maintenance and repair processes. Its revolutionary CleanTech cleaning technology offers a safer alternative to environmentally harmful practices like sandblasting, chemical cleaning, and abrasive blasting. By also eliminating the health risks of traditional methods, laser cleaning has become a disruptive solution in these industries. The global maritime industry is expected to grow from $2.6 billion in 2023 to $3.7 billion by 2028. Nuclear decontamination and decommissioning is another domain where Laser Photonics’ laser CleanTech and MarkStar systems provide cost-effective, time-efficient, environmentally friendly and safe industrial cleaning and marking methods. Principally based on waste elimination, eco-friendliness is another major benefit of CleanTech laser cleaning. Unlike traditional cleaning and marking methods, there is no secondary waste generated during use. Furthermore, laser cleaning eliminates the need for hazardous consumables, ensuring the safety of operators who would otherwise be exposed to harmful substances. Laser Photonics’ laser cleaning and marking technologies can be customized to the unique needs of operators in any industry or application, providing a tailored solution for anything from nuclear facility maintenance to battery manufacturing. The company’s CleanTech and MarkStar technologies offer safe, effective, eco- and operator-friendly solutions to challenges posed to manufacturing professionals worldwide. Laser Photonics continues to innovate in each sector and on each application, helping high-demand industries grow more profitably and safely. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

January 26, 2024 08:30 AM Eastern Standard Time

NexWafe Expands to the US to Reshore Solar Wafer Production

NexWafe

NexWafe GmbH (NexWafe) has established a U.S. subsidiary to evaluate the development of multi-gigawatt-scale solar wafer production in the U.S. with an initial target production volume of six gigawatts (GW). The North American operation will leverage NexWafe’s EpiNex™ production technology from the company’s 250 megawatt (MW) first commercial facility, which is under construction in Bitterfeld, Germany. As part of this expansion, NexWafe appointed solar industry veteran Jonathan Pickering as Vice President of Business Development for North America to spearhead U.S. operations. The U.S. solar industry has tremendous growth potential. 2023 was the nation’s largest year of solar installations, reaching 33 GW of solar installations. Average annual growth of solar installation of 14 percent is expected between 2023 and 2028. In line with the goals of the Inflation Reduction Act (IRA), NexWafe’s U.S. expansion is a strategic move to reduce vulnerabilities in the solar-wafer supply chain, which remains subject to China’s market dominance and potential geopolitical disruption. The company is actively working on securing strategic partnerships, assessing potential manufacturing locations and the associated regional incentives, and securing offtake agreements for domestic wafer supply. Along with other solar supply chain manufacturers, NexWafe will work with the Administration to leverage IRA incentives to realize the company’s vision of gigawatt-scale wafer manufacturing in North America. As a front runner in bringing solar wafer production to the U.S., NexWafe further demonstrates its commitment to the energy transition. “Silicon wafers are critical materials for the energy transition, and Jonathan’s leadership will be key as we embark on establishing gigawatt-scale wafer manufacturing in the U.S.,” said Davor Sutija, CEO, NexWafe. “His extensive experience and proven expertise in solar technology complement the strength of our established leadership team.” Pickering was previously President of JA Solar Americas, and a former Vice President at Applied Materials. His experience spans the solar value chain from solar wafer and solar cell processing equipment to solar module manufacturing and commercial solar project development. “Multiple top-tier solar companies have committed to advanced PV cell and module manufacturing at a multi-gigawatt scale across the U.S. But now we see a significant bottleneck in the supply chain for a domestic source of silicon wafers,” said Jonathan Pickering, VP of Business Development, North America, NexWafe. “Our breakthrough EpiNex direct ‘gas-to-wafer’ manufacturing process targets this exact opportunity. We are developing a gigawatt-scale facility to manufacture high-performance. American-made, thin silicon wafers to serve our U.S. customers, and we can do so while achieving a 60 percent reduction in the carbon footprint compared to today’s technology.” About NexWafe GmbH NexWafe GmbH designs, develops and is ramping into production a proprietary process to produce ultra-thin, high-efficiency, monocrystalline, low carbon footprint solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 60 percent reduction in energy consumption during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process leapfrogs current barriers in the cost reduction roadmap and inherently supports the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015 and is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe, and the European Solar Manufacturing Council. For more information, please visit https://www.nexwafe.com/ and follow us on LinkedIn. Contact Details Jenna Beaucage +1 508-340-6851 nexwafe@rainierco.com Company Website https://www.nexwafe.com

January 26, 2024 08:10 AM Eastern Standard Time

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PEL 83 Exploration Campaign Update – Second Significant Light Oil Discovery at Mopane-1X

Custos Energy

Custos Energy (Pty) Ltd. (“Custos” or the “Company”) is pleased to provide the following update regarding the ongoing exploration campaign on blocks 2813A and 2814B located in the heart of Namibia’s Orange Basin, emergingas the one of the world’s most prospective oil and gas regions. The blocks are governed by Petroleum ExplorationLicense 83 (“PEL 83”) which is operated by a subsidiary of Galp Energia (“Galp”) of Portugal. Custos is a 10% working interest owner in PEL 83 as is NAMCOR, the National Petroleum Corporation of Namibia. Further to the previous updates provided on January 2 nd and January 10 th, Galp, together with its partners NAMCOR and Custos, has successfully and safely drilled, cored, and logged a deeper target (AVO-2) of the Mopane-1X well in block 2813 governed by PEL 83. In AVO-2, Galp has also discovered a significant column of light oil in reservoir- bearing sands of high quality. The rig is expected to be relocated to the Mopane-2X well location to evaluate the extent of the Mopane discoveries, after which a Drill Stem Test (“DST”) is expected to be performed in Mopane-1X. Galp and the JV Partners will continue to analyze the acquired data during the coming weeks to assess the commerciality of the discoveries. PEL 83 is located immediately north of PEL 39 home to Shell’s basin opening discoveries at Graff- 1, La Rona-1 and Jonker-1. Additionally, it is located north and west of PEL 56 where TotalEnergies announced is giant oil discovery at Venus-1. “The continuing success of the initial exploration campaign, including a second light oil discovery at Mopane-1X, further demonstrate the scope and potential of PEL 83. We extend our further congratulations to our partners Galp and NAMCOR on this second discovery.” said Knowledge Katti, Chairman and Chief Executive Officer of Custos. “This isanother significant milestone for Custos positioning us for further growth and continued success underpinned by ourunmatched position in the heart of the basin.” he added. “The announcement of this significant additional discovery is further testament to the hard work and dedication of the partnersinvolved, as well as another demonstration of the potential for further growth in our oil industry. With this discovery, we are one step closer to harnessing the full potential of this campaign. We wish Galp and its partners Custos Energy and Namcor success with theremaining drilling campaign.” said Maggy Shino, Petroleum Commission for the Ministry of Mines and Energy. “We are proud to have achieved this milestone.” she added. ABOUT CUSTOS ENERGY: Custos is a Namibian independent oil and gas exploration company focused on attracting investment and expertise to the Namibian offshore industry. Founded over a decade ago by Mr. Knowledge Katti, Custos continues to develop its portfolio with international partners for the benefit of all Namibians. Contact Details Knowledge R Katti +1 475-477-9410

January 26, 2024 06:17 AM Eastern Standard Time

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TeamViewer adopts Almer AR headsets to take remote support from desktop to reality

Almer

The popular global leader in remote IT support TeamViewer has signaled its shift to augmented reality (AR) having struck a strategic partnership with AR startup Almer. This news comes hot on the heels of Apple’s entry into the AR market with the launch of their Vision Pro headset next month. The Almer Arc headset enables collaboration with remote individuals as if they were physically present and augmentation of the wearer's environment with relevant information for pointing out objects in reality. Almer is also announcing the launch of Arc 2, it’s latest headset which features a 25MP camera, beamforming microphones, built-in speakers, and a holographic see-through screen with 8-hours battery life. As opposed to Apple’s Vision Pro, the Almer Arc 2 is a mere 138 grams, 4 times lighter. Thanks to the completely transparent display of the Arc 2, it can be employed in mission critical task and changing environment, while the Vision Pro is for a static interior environment. This partnership will enable TeamViewer to expand into untapped opportunities with industrial companies. Meanwhile, Almer will be able to scale its operations and advance AR adoption. Mei Dent, Chief Product & Technology Officer at TeamViewer: “Approximately 80 percent of the global workforce does not work at a desk but at a company’s frontline, and most of them currently benefit very little from digital transformation. There is immense potential for efficiency and productivity gains by enhancing the frontline work with digital tools and connecting this huge part of the global workforce to their companies' backend system. Our joint offering with Almer allows companies to explore how Augmented Reality opens new opportunities for business and operations and massively increases the speed of their digitalization efforts.” Almer was founded in 2021 by Sebastian Beetschen and Timon Binder. Sebastian was working on the Hololens 2 at Microsoft Research and felt the AR opportunity extended beyond clunky helmet-like apparatus. He felt he could make a more compact, comfortable, and affordable AR device and teamed up with Timon, a former jet fighter pilot, who recognized the potential. Timon brought his experience with AR jet fighter helmets that led to the creation of the Almer Arc headset. Sebastian Beetschen, CEO and co-founder of Almer commented: “Our headset is much like a jet fighter visor, mounted directly in front of your eyes, featuring a transparent, see-through screen. The Almer Arc is a lightweight, compact, and easy-to-use AR headset. When a problem arises, the frontline worker takes the Almer Arc and contacts a remote expert, who can see and hear what the worker experiences. The expert identifies the issue, highlights objects, and displays documentation in the worker's view, simulating a collaborative, in-person experience.” Today, Almer has 21 customers, including Switzerland's largest defense contractor, which uses the Almer Arc to service fighter jets remotely in the US, as well as several international machine manufacturers. Almer is venture backed startup having raised $7.6m to date from strategic investors including engineering giant Stena and manufacturing leaders Helbling among others. The Almer team consists of top talent from the fields of computer vision and microtechnology, from renowned Swiss institutes of technology, ETH and EPFL. On the launch of Arc 2, Sebastian Beetschen commented: “We have learned a lot on how to make the headset super adaptable and users can set their preferences on how they wear it. Something new entrants like Apple still have to learn. Not only this, Arc 2 comes with an improved wide angle 25MP camera that can see and understand everything that you see and zoom into tiny details as never before. This makes it possible to understand the environment and assist, enabling superhuman capabilities”. The global augmented reality market* is projected to grow from $62.75 billion in 2023 to $1,1 trillion 2030, at a CAGR of 50.7%. Within this trend, the market for AR headsets is exponentially increasing over the next few years and is set to hit $120 billion in 2026. Initially, Almer is focusing on the Swiss industry and will soon expand into the neighboring DACH region before going global. Sebastian Beetschen added: “The cost saving potential of using AR to service all installed machines for the 10 largest tooling-machine manufacturers in DACH alone accounts for £7.9 billion per year**. So, the opportunity is very real”. * Fortune Business Insights, Technology / Augmented Reality (AR) Market and Grand View Research, Augmented Reality Headsets Market, Industry Report ** According to Acceliox, a machine hour in the sheet metal industry costs approx. 150 CHF/h and has downtimes (machine malfunction, adjustment, waiting for pre-material,...) of about 100 hours per month. This results in approx. 15'000 CHF downtime costs / month (180’000 CHF / year). According to Acceliox, approx. 5% of the planned and unplanned downtime can be eliminated with the Almer remote support, resulting in cost savings of approx. 9’000 CHF / machine and year. About Almer Almer Technologies is a Swiss startup that develops, reality augmenting (augmented reality) glasses that can display information to the user in reality. Thanks to this digitalization, industrial companies, laboratories, and logistics centers can make better use of technology and thus massively increase their efficiency. About TeamViewer TeamViewer is a leading global technology company that provides a connectivity platform to remotely access, control, manage, monitor, and repair devices of any kind – from laptops and mobile phones to industrial machines and robots. Although TeamViewer is free of charge for private use, it has more than 630,000 subscribers and enables companies of all sizes and from all industries to digitize their business-critical processes through seamless connectivity. Against the backdrop of global megatrends like device proliferation, automation and new work, TeamViewer proactively shapes digital transformation and continuously innovates in the fields of Augmented Reality, Internet of Things and Artificial Intelligence. Since the company's foundation in 2005, TeamViewer's software has been installed on more than 2.5 billion devices around the world. The company is headquartered in Goppingen, Germany, and employs more than 1,400 people globally. In 2022, TeamViewer achieved a revenue of around EUR 566 million. TeamViewer SE (TMV) is listed at Frankfurt Stock Exchange and belongs to the MDAX. Further information can be found at www.teamviewer.com. Contact Details Almer Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://almer.com/

January 26, 2024 06:00 AM Eastern Standard Time

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1TourismWorld 2024: Charting the Future of Global Tourism & Hospitality

1BusinessWorld

1TourismWorld, the premier global platform for tourism and hospitality innovation, is excited to announce its 2024 Global Tourism & Hospitality Conference. Scheduled to take place virtually from February 12th to 16th, this event promises to be an unparalleled gathering of industry leaders, experts, and visionaries. The 2024 conference will cover a wide range of topics crucial to the future of tourism and hospitality. Each day is dedicated to a different theme, ensuring a comprehensive exploration of the industry: - Day 1: Focus on hotels, restaurants, travel management, and innovative trends in hospitality. - Day 2: Delve into the evolving world of cruise travel, including innovations in cruise ship technology and design. - Day 3: Explore the latest in airlines and aircraft technologies, highlighting industry trends and safety protocols. - Day 4: Discover advancements in yachting, including design trends and sustainability in luxury yachting. - Day 5: Discuss the future of travel management, destination insights, and sustainable practices in tourism. Keynote speakers include industry leaders like: · Chip Rogers, President & CEO, American Hotel & Lodging Association, on “The State of the Hotel Industry” · Dimitris Manikis, President & Managing Director EMEA, Wyndham Hotels & Resorts sharing "Global Perspectives in Tourism and Hospitality" · Stuart Greif, EVP - Strategy & Innovation, Forbes Travel Guide on the topic "Exploring Horizons: Consumer Travel Trends and Destinations" · Judy Chen, Vice President of Development - Dream Hotels, Hyatt Hotels Corporation on the topic: “The Dynamic Evolution of Lifestyle Hotels and Private Members' Clubs” · Lisa Bauer, President & CEO, Starboard Cruise Services, “Curating Unforgettable Journeys: How Teams at Sea Make the Difference” · Annette Cardenas, President, Skål International on “Building Bridges” The business and entrepreneurial leaders presenting will provide valuable insights into various aspects of the industry, from the evolution of luxury all-inclusive hotels to the dynamics of short-term rental markets. The 2024 1TourismWorld Conference is a must-attend event for professionals seeking to stay ahead in the rapidly evolving world of tourism and hospitality. It offers a unique opportunity to engage with global trends, network with peers, and gain insights from the industry's best. For more information and to register for the conference, please visit: https://1businessworld.com/1tourismworld-conference/ All news and content distribution in partnership with News Direct. About 1TourismWorld: 1TourismWorld is a leading global platform dedicated to advancing the tourism and hospitality industry. Through its annual conference and other initiatives, 1TourismWorld brings together industry stakeholders to share knowledge, foster innovation, and drive the industry forward. About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details 1BusinessWorld Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

January 25, 2024 06:39 PM Eastern Standard Time

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Ecolomondo's Shares-For-Debt Agreement Approved By TSXV

Ecolomondo Corporation

Montreal, QC – TheNewswire -- January 25, 2024 -- Ecolomondo Corporation (TSXV:ECM) (OTC:ECLMF) (the “ Company ” or “ Ecolomondo ”), a cleantech company that designs, builds, operates and commercializes Thermal Decomposition turnkey plants using its proprietary Thermal Decomposition Process (“ TDP ”) recycling technology, announces that market authorities, TSX Venture Exchange (the “ TSXV ”), has accepted for filing the Company's proposal to issue 25,917,430 common shares of the Company (the “ Common Shares ”), retroactively to January 2, 2024, to settle outstanding debt of $3,498,853. The Company announced on January 3 that, subject to prior TSXV approval, 3212521 Canada Inc., a company controlled by the Company’s controlling shareholder, President, CEO and Director Elio Sorella, has agreed to convert previous loans made to the Company, totalling $3,498,853 as at January 2, 2024, into voting Common Shares at the price of 13.50 cents, which is the closing price of 18 cents on January 2, 2024, discounted by 25%, in accordance with TSXV policies. The press release also informed that the controlling shareholder intended to advance a further amount of up to $1 million, with a term of one year having an interest rate of 8.5% per annum, to fund the Company well into the commercialization of the Hawkesbury facility. This transaction constitutes a “related party transaction” under Multilateral Instrument 61-101 Protection of Minority Security Holders in Special Transactions (“ MI 61-101 ”) and Policy 5.9 – Protection of Minority Security Holders in Special Transactions of the TSXV. Pursuant to MI 61-101, the Company will file a material change report providing disclosure in relation to each "related party transaction" on SEDAR+ under Ecolomondo’s issuer profile at www.sedarplus.ca. The Company is relying on exemptions from the formal valuation and minority shareholder approval requirements available under MI 61-101. The Company is exempt from the formal valuation requirement in section 5.4 of MI 61-101 in reliance on sections 5.5(a) and (b) of MI 61-101 as the fair market value of the transaction, insofar as it involves the controlling shareholder, is not more than the 25% of the Company's market capitalization, and no securities of the Company are listed or quoted for trading on prescribed stock exchanges or stock markets. Additionally, the Company is exempt from minority shareholder approval requirement in section 5.6 of MI 61-101 in reliance on section 5.7(1)(a) as the fair market value of the transaction, insofar as it involves the controlling shareholder, is not more than the 25% of the Company's market capitalization. Immediately prior this transaction, Elio Sorella owned, directly and indirectly, 142,081,270 Common Shares of the Company, which represented 75.27% of the issued and outstanding Common Shares of the Issuer on a non-diluted basis. Elio Sorella also owns 1,377,429 stock options to acquire 1,377,429 Common Shares, which represented 75.45% on a partially diluted basis. Following this transaction, Elio Sorella owns, directly and indirectly 167,998,700 Common Shares of the Company, which represent 78.25% of the issued and outstanding Common Shares of the Company on a non-diluted basis and 78.39% on a partially diluted basis. The Company is settling the incurred debt into Common Shares as it does not have cash on hand in order to satisfy the repayment of its debt. This transaction was approved by the disinterested directors of the Company. This additional financing aligned with the recent Restructured Loan with Export Development Canada, announced on January 2, attests the commitment of the key investors in the Company. These two key events were instrumental and should allow the Company to bring the Hawkesbury TDP facility to commercial operations. The Company believes that once fully ramped-up and fully commercialized, the Hawkesbury plant is expected to be the cornerstone of the Company’s global expansion. This news release is being issued pursuant to National Instrument 62-103, persons who wish to obtain a copy of the early warning report to be filed by Elio Sorella in connection with this transaction may obtain a copy of such report from www.sedarplus.ca or by contacting the persons named below. WEBINAR. The Company will have a webinar on February 8. Click Image To View Full Size You can register with the following link: https://globalonemedia.zoom.us/webinar/register/WN_26U3-TtdTlO36b2QKUVJGg#/registration About Ecolomondo Corporation Ecolomondo Corporation is a Canadian cleantech company that prides itself after its proprietary Thermal Decomposition technology TDP which is headquartered in Québec, Canada. It has a 25-year history and during this time has been focused on its development of its technology and the deployment of TDP turnkey facilities. TDP recovers high value re-usable commodities from scrap tire waste, notably rCB, oil, syngas, fiber and steel. Ecolomondo expects to be a leading player in the cleantech space and be an active contributor to the global circular economy. Ecolomondo trades in Canada on the TSX Venture Exchange under the symbol (TSXV:ECM) and in the United States under the symbol (OTCQB:ECLMF). To learn more, visit www.ecolomondo.com About the Hawkesbury Plant – A 2-Reactor TDP Facility The Hawkesbury facility building is 46,200 sq.ft and has an impressive indoor clearance of 28 feet. It is state-of-the-art and houses 4 main production departments, tire shredding, thermal decomposition, recycled carbon black refining and oil fractionation. Once fully operational, this facility is expected to process 1.3M of scrap tires per year and produce 8.7M lbs of recovered carbon black, 34,608 barrels of oil, 2.9M lbs of steel, and 2.6M lbs of process gas. About the Shamrock Project – A 6-Reactor TDP Facility Processing capabilities for the Shamrock facility is projected at 5.5M per year of end-of-life tires, yielding approximately 35.1M lbs of recovered carbon black, 128,100 barrels of oil, 11.9M lbs of steel, and 10.6M lbs of syngas; roughly three times the size of the Company’s Hawkesbury (Ontario) plant output. Facility construction is expected to begin by the third quarter of 202 4 with completion expected by the end of the fourth quarter of 2025. Projected cost to build is approximately US $93 million. Our Mission, Vision & Strategy Ecolomondo’s mission is to be a contributing participant in a dynamic Circular Economy and to increase shareholder value by producing and supplying large quantities of recovered resources to be re-used in the manufacture of new products. Ecolomondo’s vision is to be a leading producer and reseller of recovered resources by building and operating TDP facilities, strategically located in industrialized countries, close to feedstock, labor and offtake clients. Our strategy is to become a major global builder and operator of TDP turnkey facilities, for now specializing in the processing of ELTs. Our intent is to expand aggressively in North America and Europe. Our experience and modular technology should help us get there faster and better. We plan to keep performing ongoing research and development to ensure that Ecolomondo remains technologically advanced. ISCC Certification A confirmation of the Company’s successful process lies in the recent International Sustainability and Carbon Certification (“ISCC”) for its Hawkesbury TDP facility, another step forward that should help improve demand for TDP. ISCC is a Global Sustainability Certification System and offers chain-of-custody certification systems to ensure traceability and feedstock identity, which can add commercial value to the Company’s end-products as they remain traceable in the supply chain. ISO Certification The Company has obtained ISO 9001:2015, ISO 14001:2015 & ISO 45001:2018 certification of its Integrated Management System (IMS), which acknowledges Ecolomondo’s commitment for quality, environmental impact and health and safety at work. Environmental, Social & Governance (ESG) On the social aspect the Company plans to measure global health and safety, injury rate and gender diversity, and finally in the corporate governance aspect, the Company is measuring ethics and anticorruption, ESG reporting and board independence. About TDP The TDP process is technically proven and more advanced than most other pyrolysis technologies. Over the years, our Technological teams were able to overcome all uncertainties that plagued most competitors especially in the s e areas: pre-filtration, reactor cooling, reactor rotation, water recycling, processing of rCB, (hydrocarbon removal), mass monitoring, heat curve development, humidity and water removal, safety testing, system automation, emissions control and monitoring. TDP is Environmentally Friendly – CO 2 Reduction By producing rCB, TDP reduces GHG emissions by 90% versus the production o f virgin carbon black. The production of rCB at the Hawkesbury and Shamrock facilities are expected to reduce CO2 emissions by 22,400 and 67,200 tons per year, respectively. Please follow Ecolomondo on Twitter, Facebook, LinkedIn, Instagram and YouTube. Twitter: https://twitter.com/EcolomondoECM Facebook: https://www.facebook.com/EcolomondoECM LinkedIn: https://www.linkedin.com/company/ecolomondo/ Instagram: https://www.instagram.com/ecolomondoecm/ YouTube: https://www.youtube.com/@Ecolomondo Ecolomondo Corporation Contact Eliot Sorella Chairman and Chief Executive Officer, Ecolomondo Tel: (450) 587-5999 esorella@ecolomondocorp.com www.ecolomondo.com Cautionary Note Regarding Forward Looking Statements The information in this news release includes certain information and statements about management's view of future events, expectations, plans and prospects that constitute forward looking statements. These statements are based upon assumptions that are subject to significant risks and uncertainties. Because of these risks and uncertainties and as a result of a variety of factors, the actual results, expectations, achievements or performance may differ materially from those anticipated and indicated by these forward-looking statements. Although Ecolomondo believes that the expectations reflected in forward looking statements are reasonable, it can give no assurance that the expectations of any forward-looking statements will prove to be correct. Except as required by law, Ecolomondo disclaims any intention and assumes no obligation to update or revise any forward-looking statements to reflect actual results, whether as a result of new information, future events, changes in assumptions, changes in factors affecting such forward-looking statements or otherwise. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

January 25, 2024 06:06 PM Eastern Standard Time

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Legible Launches AI-Powered Version of Animal Farm by George Orwell: A Unique Interactive Reading Experience

Legible Media Inc

Click Image To View Full Size January 25, 2023 – TheNewswire -- Vancouver, BC - Legible Inc. (CSE: READ) (OTCQB: LEBGF) (FSE: D0T), a preeminent digital book platform and publisher, announces the launch of Animal Farm AI, the latest in its series of interactive classic novels. This innovative release marks a new era in reading, offering Legible readers the extraordinary opportunity to engage in dialogue with the book, elevating both educational and entertainment values. Kaleeg Hainsworth, CEO of Legible, enthused, " Animal Farm AI reinvents the way we interact with literature. By introducing two AI-driven characters, Sonia and Daisy, from within the book, readers can delve deeper into George Orwell's narrative, gaining new insights into its themes and characters through real-time conversations. Our approach significantly enhances the reading and educational experience, setting us apart in the digital book market." As readers traverse the narrative of Animal Farm AI, they encounter strategically placed interactive AI elements, prompting in-depth discussions about the story's pivotal events and underlying themes. This feature connects Orwell’s renowned dystopian novel with both its historical context and enduring relevance. Legible’s AI-powered Classics series is available on iOS and Android and is currently offered exclusively to members of Legible “ Unbound ”, Legible’s monthly membership service. Legible Unbound delivers a vast selection of eBooks and audiobooks as a bundled service, with a growing catalog comprised of millions of titles. The “AI Classics” series debuted in December 2023 with A Christmas Carol AI, to glowing reviews. Legible is scheduling monthly releases of “AI Classics” eBooks to Unbound members. "With the launch of our AI Classics, we are opening up a new publishing era, innovatively enhancing the reader experience using AI in a traditional eBook," adds Hainsworth. “Legible’s platform leads the way for publishers to innovate and reach a global audience of multilingual readers. This innovative method of storytelling aligns with Legible’s mission to make reading more engaging and accessible, providing greater value to our Legible community.” Highlights of the Animal Farm AI experience include: Conversational Characters: Real-time dialogues with characters within the eBook, offering fresh perspectives on the narrative and multifaceted character development. Plot Discussions: Delve deeper into the plot by discussing pivotal events, character motivations, and thematic elements, enriching understanding and appreciation. Interactive Learning: Ideal for education, the interactive AI-powered eBooks allow questions about literary themes, historical context, and symbolism, catering to students, multilingual audiences, and lifelong learners. Exclusive Access: Exclusively available to Legible customers, the AI-powered book series is part of the Legible Unbound membership, providing unlimited access to a diverse library of eBooks and audiobooks for a low monthly fee. Original Artwork: Each book in the series features original artwork produced by a professional artist in collaboration with AI, reflecting the style and colors of its period, and accompanied by a creative statement from the artist. Experience the future of reading by subscribing to Legible Unbound at legible.com. Download the Legible app to access this original content and our extensive collection of eBooks and audiobooks from any smart device worldwide. About Legible Inc. Legible has developed a proprietary innovative platform specializing in interactive eBooks and audiobook entertainment, accessible on any browser connected device. Legible’s extensive partnerships encompass four of the big five Publishers and the world's largest eBook distributor, enabling Legible to seamlessly deliver millions of eBooks and audiobooks, effectively transforming any smart device into a dynamic library and eBook store. At the heart of Legible’s innovation lies its LibrarianAI, the world's pioneering AI-powered literary assistant, enhancing the reading experience. Legible’s publishing division is impacting the industry by crafting proprietary AI-enriched multimedia books, creating a new standard in literary engagement. Legible is focused on building a global user base of monthly subscribers, creating a stable recurring revenue platform to achieve sustainable cash flows and ongoing revenue and earnings growth. To sign up and become part of the Legible family, please go to www.legible.com and discover the place where eBooks come to life. Investor Contact Deborah Harford EVP, Global Strategic Partnerships 1 (672) 514-2665 invest@legible.com Website: https://invest.legible.com Investor Relations I nvestor Cubed Inc. Neil Simon, CEO 647-258-3310 nsimon@investor3.ca Cautionary Note Regarding Forward Looking Information This Press Release contains certain statements which constitute forward-looking statements or information (“forward-looking statements”), including statements regarding Legible’s business. Such forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond Legible's control, including the impact of general economic conditions, industry conditions, currency fluctuations, the lack of availability of qualified personnel or management, stock market volatility and the ability to access sufficient capital from internal and external sources. Although Legible believes that the expectations in its forward-looking statements are reasonable, they are based on factors and assumptions concerning future events which may prove to be inaccurate. Those factors and assumptions are based upon currently available information. Such statements are subject to known and unknown risks, uncertainties and other factors that could influence actual results or events and cause actual results or events to differ materially from those stated, anticipated or implied in the forward- looking information. As such, readers are cautioned not to place undue reliance on the forward- looking information, as no assurance can be provided as to future results, levels of activity or achievements. The forward-looking statements contained in this document are made as of the date of this document and, except as required by applicable law, Legible does not undertake any obligation to publicly update or to revise any of the included forward-looking statements, whether as a result of new information, future events or otherwise. The forward-looking statements contained in this document are expressly qualified by this cautionary statement.

January 25, 2024 03:06 PM Eastern Standard Time

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HTX's Annual Crypto Gala Concludes: Presenting 9 Major Awards and Bestowing 35,000 USDT to Honor Crypto Trailblazers

HTX

On January 24, 2024, the Award Ceremony for the 2024 HTX Crypto Ecosystem Annual Gala took place to honor the most influential individuals, projects, and events that made a lasting impact on the crypto industry throughout the year 2023. HTX takes the spotlight as the host, backed by the support of media partners including Jinse Finance, Foresight News, PANews, MarsBit, and TechFlow. The event is graced by a significant presence of Key Opinion Leaders (KOLs). Besides, HTX Live orchestrated a live stream of the entire grand ceremony, with the broadcast being transmitted through various media platforms such as MarsBit, CF Blockchain, and iCloser. The live stream attracted an impressive audience, amassing over 150,000 views. Justin Sun, a member of the HTX Global Advisory Board, was invited to attend the event and deliver a speech. He emphasized that HTX has successfully hosted award ceremonies for the crypto ecosystem for two consecutive years. These events not only serve to honor crypto elites but also stand as a testament to the collective dedication of the industry as a whole. He added that the year 2023 marked his first full year with HTX, a period filled with various challenges and hardships. Looking ahead to 2024, he aspires to lead HTX on a distinctive path within the crypto space. According to Sun's analysis, although exchanges such as HTX and Binance have implemented Merkle Tree PoR, many others still exhibit lower transparency and higher centralization in their operations. The establishment of HTX DAO aims to enable users to believe that they are the true owners of HTX. In the future, efforts will be directed at refining the representative election process and welcoming more ecological users and community members to actively participate in the governance of HTX DAO. Furthermore, Sun believes that decentralization is an inevitable trend in the crypto industry. With the launch and successful operation of HTX DAO, it is expected that more exchanges will embark on the journey towards decentralization. In the live stream of the ceremony, a total prize amount equivalent to nearly 35,000 USDT in $HTX has been distributed, and nine major awards were presented. These awards include the Most Influential Event Award (Top 10), Concepts with the Greatest Market Potential Award (Top 10), the Most Influential Web3 Media Award (Top 10), the Most Popular Content Creator (Affiliate) Award (Top 100), the Most Popular Web 3 Social Media Influencer Award (Top 200), the Best Community Partner Collaboration Award, the Best Partner Award, Top Client Excellence Award, and the Top Trending Crypto Among Users Award (Top 10). Additionally, HTX distributed 1,000 Red Packets, each worth 10 USDT in $HTX, and 100,000 Gift Packs, each worth 88 USDT, to users watching the live stream on HTX Live. Click the link to learn more: https://www.htx.com/en-us/live/community/dynamic/h5?uidUnique=233427705&invite_code=dbkt7223&inviter_id=11346540 As per reports, the awards nomination saw robust engagement, drawing active participation from nearly 20,000 users in the voting process. The final winners were chosen through a blend of user votes and HTX's official evaluation. The overarching goal of these awards is to recognize influencers contributing to positive changes in the crypto ecosystem and to express gratitude to HTX's loyal users and esteemed partners. According to HTX, the cryptocurrency market exhibited a positive trend throughout 2023, attributed to a combination of internal and external factors. HTX closely follows the market pace, actively exploring new assets and projects. The wealth effect of newly listed assets has significantly improved, and there have even been rare instances of assets multiplying their value by hundreds of times. In the meantime, HTX has undergone a rebranding, breathing new life into the exchange with a new international brand image. Thanks to the support and trust of the community, HTX has garnered the confidence to confront an uncertain future, ultimately achieving this impressive accomplishment. During the transition from a bear market to a bull market, there has been an observed enhancement in the overall economic situation and emerging innovations within the crypto sphere. These trends suggest an anticipation for the imminent arrival of a new bullish market cycle. Narratives surrounding cryptocurrencies have become increasingly diverse and enriched, fueled by a confluence of favorable factors. These include the anticipation of interest rate cuts by the Federal Reserve, the approval of Bitcoin spot ETFs, the Bitcoin halving, Ethereum's Cancun upgrade, and the emergence of numerous new sectors and concepts within the crypto space. HTX wishes to take this opportunity to express gratitude and recognition to creators, live streamers, KOLs, and partners for their remarkable contributions to the platform's development, encouraging them to keep creating more compelling content. Furthermore, HTX warmly invites them to join the HTX DAO, uniting efforts to collectively build HTX into the people's exchange. 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/

January 25, 2024 02:02 PM Eastern Standard Time

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