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Antelope Leap 5.0 Consensus Upgrade Announced

Chainwire

The EOS Network Foundation (ENF) is excited to announce that a major consensus upgrade, Antelope Leap 5.0, is slated for launch in Q4 2023. This landmark consensus upgrade (hard fork), the second significant upgrade in less than eighteen months, showcases the flexibility of EOS and the dedication of its community in coordinating a cycle of continuous improvements to the underlying protocol. Antelope Leap 5.0 is expected to introduce an array of innovative features that will redefine the network’s capabilities and further distinguish EOS from other premier Layer 1 protocols. Key introductions with the upgrade will include: Instant Finality, Integration of the HotStuff consensus algorithm, and peer-to-peer protocol enhancements. These upgrades open up a whole new set of features for EOS and other Antelope based chains. For instance, new cryptography intrinsics enable developers to write smart contracts that efficiently verify zero knowledge proofs, while new opportunities for alternative consensus mechanisms also emerge. Key Technical Features of Leap 5.0 Leap 5 will usher in major technical innovations to greatly enhance the network’s capabilities. Instant Finality: To provide a Web3 experience that feels like Web2, time to finality is crucial. One of the building blocks for this is the introduction of aggregate BLS signatures to support the HotStuff consensus algorithm where multiple signatures and multiple public keys can be combined into a single signature and verified as a single operation. This enables dramatic improvements in scalability and time to finality, with most transactions reaching finality in a few seconds. This makes the network vastly more efficient and allows for dApps to approach a user experience on par with Web2 applications. Antelope Trustless IBC also benefits from Instant Finality, with finality between blockchains also being reduced to just a few seconds. These Instant Finality improvements will also extend to the EOS EVM. HotStuff Consensus Algorithm: An open source technology originally developed by VMware in 2018, later selected for use by the Facebook Libra initiative. HotStuff greatly enhances the capabilities available on EOS and all Antelope chains. The introduction of aggregate BLS signatures in HotStuff presents an additional opportunity to derive more abstract cryptographic building blocks from which to construct additional ZK proof systems, and to implement these cryptographic primitives into the native tooling on Antelope. This has opened the door for previously unavailable features such as confidential transactions, and additional privacy mechanisms such as using private addresses in place of accounts. With these features, EOS, and all Antelope based blockchains will have an industry leading implementation of crypto primitives, able to verify ZK proofs at a lightning fast 1.1ms*, which opens up massive opportunities for all Antelope chains. The availability of these new crypto primitives can have a profound impact on financial system integrity, facilitating free and open markets and allowing for private transactions. With Leap 5.0, Antelope chains will have native ZK proof enabled smart contracts at their core. *As benchmarked with an I9-13900 CPU. Peer-to-peer Protocol Improvements: In coordination with the Antelope Coalition, a team from the University of Fudan has been working on improvements to the peer node discovery and synchronization process within the peer-to-peer (P2P) protocol of the nodeos service. Moving Beyond DPoS: Leap 5 Opens New Possibilities Leap 5.0 is not just a technical milestone, but rather, it marks a significant coming of age for the EOS community. During the last major consensus upgrade, dubbed EOS Independence Day, the network transitioned from EOSIO to Antelope. The upcoming upgrade to Leap 5.0 offers the network an opportunity to replace DPoS with an alternative consensus mechanism, which would be a monumental shift from the original EOS Network vision to a truly community-led endeavor. The responsibilities of Block Producer within the current consensus mechanism can now be broken down into three separate roles: Block Proposer: A Block Proposer organizes transactions into a proposed block. Consensus Leader: A Consensus Leader coordinates Block Finalizers to generate Quorum Certificates that prove a proposed block is final. Block Finalizer: Block Finalizers send signatures on block proposals to the Consensus Leader to aggregate into Quorum Certificates. In Leap 5.0, Block Producers will fulfill all three roles, however the new consensus algorithm provides the foundation to decouple these roles into separate entities in the future. For example, the network could choose to constrain costs by continuing to limit Block Proposers to a moderate number of high-performance nodes while simultaneously improving network security and decentralization through a significant increase in the number of Block Finalizers. Further details around these new possibilities will be explored in the coming months. To learn more now, listen to this clip with Guillaume Babin-Tremblay of UX Network from the EOS Fireside Chat. Words of Acknowledgment Preparing these new features for implementation in Antelope Leap 5.0 is a serious and multidisciplinary undertaking which has involved the writing of a new low-level cryptography implementation, the bls12-381 library, developed by Matthias Schoenebeck of ZEOS, which was reviewed for issues and potential optimizations by experienced cryptographer and ENF Senior Engineer, Yarkin Who, PhD. Meanwhile, considering the specifics of adding host functions to the blockchain, and implementing strategies for long-term library maintainability and improvability without causing consensus failures has been the purview of consensus level engineers, ENF Director of Engineering, Areg Hayrapetian, and ENF Principal Engineer, Matt Witherspoon. Leading the efforts for implementation of the HotStuff Consensus Algorithm and Instant Finality is Guillaume Babin-Tremblay of UX Network, with support from ENF’s Areg Hayrapetian. More engineers than can be mentioned here, from within the ENF and the wider Antelope Ecosystem, have all contributed, and continue to contribute in many ways to the evolution towards Leap 5.0. To all of you, we extend our sincere gratitude and appreciation. Notice to Infrastructure Providers, Technical Partners, & Antelope Ecosystems As we prepare for this significant milestone, cooperation from all ecosystem contributors is vital. The last upgrade of this size was the launch of Antelope Leap 3.1. Similar to the launch of Leap 3.1, this upgrade will involve a coordinated effort from contributors across the ecosystem. All infrastructure providers should mark their calendars for the upgrade, tentatively scheduled between late November and early December 2023. **Anyone running a node must upgrade their nodes before the date (TBD) of the consensus upgrade to continue syncing with the network. More precise timelines will follow, please stay abreast of developments as we approach the consensus upgrade. Stay updated with all future announcements by following the EOS Network Foundation on Twitter and subscribe to the ENF YouTube channel for informative weekly Node Operator Roundtable discussions. Additional content including deep dives, videos and technical documentation will continue to be released over the next few months as we prepare for the consensus upgrade to Leap 5.0! The forthcoming upgrade to Antelope Leap 5.0 represents a profound milestone in the EOS community’s journey. Not only does this upgrade introduce ground-breaking new features, but it also advances the community-led nature and independence of EOS. Such consensus upgrades, often challenging in other Web3 ecosystems, are feasible in EOS thanks to a strong technical foundation and the cooperation and coordination between EOS Network participants and the broader Antelope Coalition. EOS Network The EOS Network is a 3rd generation blockchain platform powered by the EOS VM, a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. EOS is the flagship blockchain and financial center of the Antelope framework, serving as the driving force behind multi-chain collaboration and public goods funding for tools and infrastructure through the EOS Network Foundation (ENF). EOS EVM The EOS EVM is an emulation of the Ethereum EVM, housed within an EOS smart contract. It offers feature parity to other EVMs in the space but with unmatched speed, performance and compatibility. EOS EVM connects the EOS ecosystem to the Ethereum ecosystem by allowing developers to deploy a wide array of Solidity-based digital assets and innovative dApps on EOS. Developers can use EOS EVM to take advantage of Ethereum’s battle-tested open source code, tooling, libraries and SDKs, while leveraging the superior performance of EOS. EOS Network Foundation The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all. Contact Details EOS Network Foundation Zack Gall zack@eosn.foundation

July 25, 2023 09:15 AM Eastern Daylight Time

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Ocumetics Announces Completion of First Tranche of Unit Private Placement

Ocumetics Technology Corp.

Calgary, Alberta – TheNewswire - July 25, 2023.  Ocumetics Technology Corp. (“ Ocumetics ” or the “ Corporation ”) ( TSXV:OTC) (OTC:OTCFF) (FRA:2QBO) announces that it has completed the first tranche of the private placement previously announced by the Corporation on June 22, 2023. The Corporation has issued an aggregate of 1,880,868 units (“ Units ”) at a price of $0.30 per unit for aggregate gross proceeds of $564,260.40.  Each Unit consists of one common share in the share capital of the Corporation (“ Common Share ”) and one-half of one common share purchase warrant.  Each whole warrant (“ Warrant ”) entitles the holder to purchase one additional Common Share at an exercise price of $0.60 for a period of two years from the date of issuance of the Warrant. The total offering is for of up to 3,333,333 Units at a price of $0.30 for total gross proceeds of $1,000,000.  The Corporation intends to close the rest of the offering in one or more subsequent tranches. 100% of the net proceeds are expected to be used for ongoing research and development, although the actual allocation of proceeds may vary from the uses set out above, depending upon future operations, events or opportunities. All securities issued under the Private Placement are subject to a hold period of four months and one day. Closing of the Private Placement was subject to the conditional approval from the TSX Venture Exchange, which was obtained. About Ocumetics   Ocumetics Technology Corp. ( TSXV: OTC) (OTCQB: OTCFF) (FRA: 2QBO) is a Canadian research and product development company that specializes in adaptive lens designs.  Ocumetics is in the preclinical study stage of a game-changing technology for the ophthalmic industry.  Ocumetics has developed an expandable intraocular lens that fits within the natural lens compartment of the eye potentially to eliminate the need for corrective lenses.  It is designed to allow the eye’s natural muscle activity to shift focus from distance to near.     FOR FURTHER INFORMATION, PLEASE CONTACT: Dean Burns                                Dayton Marks President and CEO                        Director (817) 874-7564                                (778) 347-2500    Neither the 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.   CAUTIONARY STATEMENT REGARDING FORWARD-LOOKING INFORMATION: This news release includes certain “forward-looking statements” under applicable Canadian securities legislation.  Forward-looking statements include, but are not limited to, statements with respect to the commencement, timing and scope of the research and development to be conducted by the Corporation mentioned above.  Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. Such factors include but are not limited to: operational matters, historical trends, current conditions and expected future developments, access to financing as well as other considerations that are believed to be appropriate in the circumstances.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.  The Corporation disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

July 25, 2023 09:01 AM Eastern Daylight Time

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Florida's Rental Housing Market Gets No Relief As Rates Soar and Supply Diminishes

MarketJar

Florida has become the go to state not only for retirees but for new generations of buyers and renters from the northeast to the west coast. However, if you are searching for a place to rent in this state, there is some troubling news for you. According to a recent rental study, a staggering increase of up to 29% in rental rates along with a growing shortfall in rental properties is putting pressure on would-be renters who would love to call the Sunshine State their home. On June 6, the National Rent Study of the rental housing market found that 10 of the 14 most-overvalued rental markets in the country are in Florida And according to a new study, the average renter in Florida needs to make at least six figures to avoid being rent burdened. In addition to the rental crisis, the state has experienced a wave of property insurance companies exiting, leading to increased costs for homeowners and homebuyers. Additionally, persistent high inflation adds to their financial burdens, creating a grim outlook for housing affordability. In the past year, four major insurers, including Farmers Insurance, have announced their departure from Florida. These companies cite the escalating risks posed by hurricanes and other extreme weather events, which have become more frequent and severe due to climate change. The exodus of insurance providers is causing concerns among industry experts, as it puts substantial pressure on homeowners and potential buyers who must now grapple with the limited availability of affordable insurance coverage. Lawmakers have stepped in with a $711 million plan to build affordable housing, incentivizing new construction through tax breaks and offering interest-free loans to help Floridians afford down payments. However, renters looking for immediate relief will be left waiting for new units to be built, which can take years. Fortunately, Cuentas, Inc. (NASDAQ:CUEN) is focused on tackling Florida’s housing dilemma with patented, high-tech, affordable, and weather-resistant building technology that can produce entire residential rental communities significantly faster and at a lower cost than traditional developments. Establishing Leadership in a Market in Need By strategically securing sites near urban zones and making innovative sustainable technologies available for construction and management, Cuentas is building momentum and reputation as a leader in the market. They are collaborating with select developers to build entire sustainable affordable housing communities in areas that have been hit hardest by the rental crisis. The company’s goal is to make housing more beautiful, more sustainable, and more cost efficient. Through this process, not only has time to market been dramatically reduced, but savings in core construction has been estimated to be reduced by as much as 30%. Cuentas wants to pass this savings on to the renter. Cuentas is a tech driven company and has used its savvy to identify new technologies that are positively impacting what the company calls “socially responsible” construction. These are not boring, single rental buildings which can become a blight on the landscape. They are entire communities complete with a broad array of resident amenities and built using a high-tech sustainable method that is the first of its kind in the US. Earlier this year, Cuentas became the first company in the world to receive a 10 year supply agreement with Renco USA; working with Renco to bring their internationally-renowned technology to the US. This 10 year supply agreement helps to ensure that Cuentas and its development partners will have ample access to Renco’s cutting-edge MCFR (Mineral Composite Fiber Reinforced) system which creates interlocking, fiber reinforced, composite building blocks that can be connected in a variety of designs. The material is more affordable than traditional building materials, eco-friendly, sustainable and hurricane proof up to Category 5, which is a major benefit for housing projects in Florida. In addition to its pilot project, now nearing completion in Lakewood Village Florida, just north of Palm Beach, Cuentas is targeting properties for development across all of Florida. This includes the company’s recently announced sustainable community development initiatives in Tampa (360 units) and Ocala (400 units). The introduction of these new initiatives is expected to further expand the company’s impact, aiming to reach approximately 1,500 apartments in total before the end of the year with more to come in 2024. Cuentas ’ commitment to providing sustainable and affordable communities demonstrates their dedication to addressing the pressing needs of what the company refers to as the underserved; individuals and families who have been left out of the traditional market. In addition to the construction tech secured by Cuentas, these properties come with all the necessary permits and entitlements, providing a competitive advantage for rapid development, cost reduction, and expedited time to market. Please visit this link for additional information on Cuentas, Inc. (NASDAQ:CUEN). Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Cuentas Inc. Market Jar Media Inc. has or expects to receive from Cuentas Holdings Inc.’s Digital Marketing Agency of Record (Native Ads Inc.) thirty eight thousand six hundred USD for 16 days (12 business days). 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.'s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Cuentas Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Cuentas Inc.’s industry; (b) market opportunity; (c) Cuentas Inc.’s business plans and strategies; (d) services that Cuentas Inc. intends to offer; (e) Cuentas Inc.’s milestone projections and targets; (f) Cuentas Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Cuentas Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Cuentas Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Cuentas Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Cuentas Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Cuentas Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Cuentas Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Cuentas Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Cuentas Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Cuentas Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Cuentas Inc.’s business operations (e) Cuentas Inc. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Cuentas Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Cuentas Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Cuentas Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Cuentas Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Cuentas Inc. or such entities and are not necessarily indicative of future performance of Cuentas Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

July 25, 2023 09:00 AM Eastern Daylight Time

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WIN SOURCE Ranks Among the 2023 Top 50 Electronics Distributors List by Supply Chain Connect

Win Source

HONG KONG SAR - Media OutReach - 25 July 2023 - WIN SOURCE, the largest independent distributor of electronic components in Asia with the most direct and extensive distribution network, has been ranked on the 2023 Top 50 Electronics Distributors List by Supply Chain Connect. It features amongst numerous leading electronics distributors from around the world, signifying its prominence within the industry on a global scale. The company currently collaborates with over 3,000 manufacturers and holds over a million SKUs, dedicated to procuring electronic components for global B2B customers in various fields. The industries involved include artificial intelligence and big data, the Internet of Things, industrial control and automation, medical, communications, printed circuit boards, and more. Fair rankings by reputable news and trends organization Supply Chain Connect are determined each year based on factors such as the company's revenue, reputation, and local recognition. This achievement emphasizes WIN SOURCE's capability as a reliable supply chain partner for quality electronic parts, which is also widely known for its competitive pricing flexibility, intelligent supply chain big data system, and professional global technical support team. This is the third time that WIN SOURCE has been recognized by Supply Chain Connect for its excellent service. The company ranked 2nd on the 2022 Top 30 Asia-Pacific Distributors List, 17th on the 2023 European Distributors List, and 18th on the global distributors list this year. This means they have successfully expanded their reach to impact the global international market and achieved revenue growth in the past, where they achieved a revenue of $613 million USD in 2022, compared to their revenue of $389 million USD in 2021. "We are thrilled to be ranked as one of the top 50 global electronic component distributors by Supply Chain Connect," said Ethan Tsai, CEO of WIN SOURCE. "With over 23 years of experience dedicated to optimizing the supply chain of the electronics industry, we are proud that our hard work and efficient services have been recognized for the second year in a row, this time on an international scale. This achievement truly strengthens our commitment to providing excellent supply chain solutions and establishing trusted partnerships with customers worldwide." Since its establishment as Asia's first overseas B2B e-commerce platform, WIN SOURCE has also widely been applauded for its sustainable development and social responsibility, where the company actively promotes environmentally friendly business practices. The very nature of WIN SOURCE's product replacement solution emphasizes sustainability, where customers are not only provided with obsolete and commonly used parts, but also provided with innovative replacement solutions and services to help them meet current and future business goals. Simultaneously, WIN SOURCE helps reduce excess inventory of components, meaning less waste and provision of multi-source options via alternative solutions. The company also focuses largely on digital transformation, where it has recently streamlined its processes by implementing intelligent analysis methods and concentrating on energy-saving data indicators. WIN SOURCE has developed its own unique quality control system, from packaging inspection and cargo label inspection to product appearance testing, which comprises visual inspection and nondestructive testing, alongside compliance with precise environment and humidity control. This entire flow has helped the company achieve efficient and accurate quality control over all its products, demonstrating how the power of innovation can streamline and elevate supply chain processes. In the future, WIN SOURCE will continue building on its digital strategy, integrating transformative and powerful technologies such as artificial intelligence, automation, and the Internet of Things to spur efficiency across all its operations, whilst also advocating for the sustainable development of the semiconductor supply chain. This involves enhancing its internal supply chain operation system, including sales, procurement, warehousing logistics, marketing, and other subsystems in order to support the global supply chain. The company remains dedicated to helping all its customers truly achieve one-stop BOM procurement by automating more customer-facing functions, optimizing the online shopping platform and supplier network, whilst continuously reducing procurement and production costs to allow customers from all industries and backgrounds to develop their businesses to their full potential. Since 1999, WIN SOURCE has remained committed to providing one-stop BOM procurement for all its customers' needs within its B2B online platform. Currently, the company has over 230 employees working across 7 locations, including Hong Kong, Singapore, Germany, Italy, the United States, and Japan, as well as its headquarters in Shenzhen, China. All operations at WIN SOURCE are AS9120B, ISO 9001:2008, ISO13485, ISO28000, ISO14001, and ERAI certified, including order entry, customer service, receiving, picking, shipping, purchasing, and inventory. WIN SOURCE continuously works towards reducing procurement and production costs, aiming to become the preferred partner for electronic components distribution and supply chain management in Asia Pacific and across the world. For more information and to shop for electronic products, visit win-source.net. Contact Details Win Source Service Team +86 755 8395 7316 service@win-source.net

July 25, 2023 09:00 AM Eastern Daylight Time

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Novel Chinese medicine for constipation developed by HKBU authorised by U.S. FDA for clinical trial

Hong Kong Baptist University

HONG KONG SAR - Media OutReach - 25 July 2023 - The Centre for Chinese Herbal Medicine Drug Development (CDD) of Hong Kong Baptist University (HKBU) has made significant progress in developing novel Chinese medicine for treating chronic constipation. With its success in the Investigational New Drug Application to the U.S. Food and Drug Administration (FDA), CDD has been authorised to conduct a phase I clinical trial of the new drug. This is the first time that a new botanical drug developed in Hong Kong was authorised to conduct a clinical trial in the US. The clinical trial will be launched later this year to evaluate the safety, tolerability, and pharmacokinetics profile of the new drug on healthy individuals. Research based on traditional Chinese herbal formulation Chronic constipation is a common gastrointestinal disorder affecting approximately 14% of the global population. Currently, many patients with chronic constipation are not completely satisfied with their current treatments due to side effects and/or limited efficacy. In response to the patients' needs for better therapeutics, CDD has been eyeing the international market and has developed a new drug called CDD-2101, which is based on previous pilot clinical studies and basic research on the traditional Chinese herbal formulation "MaZiRenWan". The main ingredients of CDD-2101 include hemp seed, rhubarb, officinal magnolia bark, bitter apricot seed, bran stir-fried immature orange fruit, and white peony root. The HKBU research team collaborated with partners including the University of Chicago and the University of Macau to submit an Investigational New Drug Application for CDD-2101 according to the requirements for botanical drug development of the U.S. FDA and was authorised to conduct a phase I clinical trial. Milestone of standardisation and internationalisation of Chinese medicine Professor Alexander Wai, President and Vice-Chancellor of HKBU, said: "HKBU is committed to promoting the development of Chinese medicine, and conducting cutting-edge scientific and translational research in this area. The University received funding from the Innovation and Technology Commission's InnoHK initiative to establish the CDD in 2020, which significantly boosted our comprehensive capabilities in the research and development of Chinese medicine. The clinical trial in the US will provide us with invaluable experience in conducting clinical trials at Hong Kong's first Chinese Medicine Hospital in future." Professor Bian Zhaoxiang, Associate Vice-President (Chinese Medicine Development), Director of the Clinical Division of the School of Chinese Medicine, and Director of the CDD at HKBU, said: "CDD-2101 is a novel drug developed by combining a traditional Chinese herbal formulation and advanced technologies, with research and manufacturing conducted in compliance with international standards. Obtaining U.S. FDA's authorisation to conduct a clinical trial for this new drug is an important milestone in the development of Chinese medicine in Hong Kong, and it reflects HKBU's capabilities in and dedication to promoting the standardisation and internationalisation of Chinese medicine." Authorisation from the U.S. FDA was secured in April this year to conduct a phase I clinical trial of CDD-2101 in the US. The trial will start later this year and will recruit 20 healthy participants in the US. It will be a randomised, double-blinded, and placebo-controlled study to evaluate the safety, tolerability, and pharmacokinetics profile of the drug. Participants will take a single dose of CDD-2101 or a placebo and be monitored for 24 hours. The study will be conducted at a phase I clinical research centre in the US. Phase I trial focuses on safety The phase I clinical trial is expected to be completed in 2024, followed by a phase II study to collect the safety and efficacy data from patients with chronic constipation. A large-scale phase III study will then be launched to further evaluate the treatment efficacy of CDD-2101 in patients with chronic constipation, and monitor any unforeseeable side effects. Professor Bian said: "The ultimate goal of the drug development programme is to collect sufficient safety and efficacy data, so that CDD-2101 can be evaluated and approved by the U.S. FDA as a new pharmaceutical for sale and marketing in the US. This is essential in establishing CDD-2101 as an internationally recognised, safe and effective drug for the treatment of chronic constipation. It is anticipated that another three to five years are needed to complete the phase II and III clinical trials, after which the data gathered during the animal studies and human clinical trials, together with details of the manufacturing of the drug, will be included in a New Drug Application to be submitted to the U.S. FDA for review." The CDD, funded by the Innovation and Technology Commission's InnoHK initiative, is the first integrated Chinese medicine research and development centre at a local university. Located in the Hong Kong Science and Technology Parks and equipped with advanced facilities, the CDD aims to gather world-class partners to translate the wisdom of traditional Chinese medicine wisdom into pharmaceutical products that meet international standards. Since its establishment in 2020, the CDD has been focusing on innovative Chinese medicine research for gastrointestinal and immune-related diseases such as chronic constipation and ulcerative colitis. Contact Details Wong Suk-ling +852 3411 2119 hkbunews@hkbu.edu.hk

July 25, 2023 09:00 AM Eastern Daylight Time

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Supply Chain Success Prompts ToolsGroup-Lãberit Partnership to Expand into LATAM

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, and Lãberit, one of Spain’s leading IT companies dedicated to consulting, development, and maintenance of digital solutions for diverse industries worldwide, are proud to announce that together, they are providing award-winning supply chain solutions to Spain and Latin America. The partnership began in 2021, as ToolsGroup explored more avenues for leveraging its powerful AI-driven supply chain planning solutions. In the wake of disruption, interest in probabilistic forecasting and ToolsGroup’s acclaimed solutions began skyrocketing, spurring the search for additional resources to support the company’s increasing scope. At the same time, Lãberit had begun expanding its consulting services to organizations throughout the supply chain sector. The two companies recognized the tremendous potential for a partnership that could meet the increased demand for supply chain solutions across Europe and Latin America. Soon after, ToolsGroup’s probabilistic Demand Planning & Forecasting became the foundation of Lãberit’s Supply Chain & Industry 4.0 offering. The ToolsGroup and Lãberit partnership is already benefiting a large company dedicated to supplying products, services, and solutions to the ceramics and glass sector, supporting them in achieving efficient demand planning and inventory optimization with an end-to-end supply chain solution. With a growing joint customer base and business continuing to develop, Lãberit and ToolsGroup are excited to expand their offering into Spain and Latin America, continuing their close collaboration and delivering supply chain excellence across multiple regions. “For us at Lãberit, the collaboration between our two companies is strategically significant, as we seek to find the most suitable solutions for the entire logistics process. Leveraging cutting-edge technological tools, such as machine learning-based supply chain planning, is paramount in effectively managing uncertainties and optimizing costs across various aspects, including inventory, freight, obsolescence, and potential sales losses,” said Juan Jiménez, Industry Director at Lãberit. “At ToolsGroup, our partnerships are a driving force behind growth and customer success,” said Mauro Adorno, VP of Global Alliances. “We’re excited to see our relationship with Lãberit develop and prosper, powering supply chain transformation and bringing real-world value to customers worldwide.” Want to learn more about how the ToolsGroup Partner Program is transforming supply chains around the globe? Find out more here. About Lãberit Lãberit is a leading company in the software development and technological solutions industry in our country. With a strong focus on innovation and quality, we prioritize the human aspect of our workforce, spread across offices in major cities in Spain and Latin America. Our expertise extends to various sectors, including public administration, banking, insurance, telecommunications and media, energy and utilities, industry, and healthcare. We are also expanding our presence in Latin America, Africa, the United States, the European Union, and the United Kingdom, reflecting our growing interests in these countries. 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 ESG 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

July 25, 2023 09:00 AM Eastern Daylight Time

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Bull Traps Unpacked: How to Avoid Falling for It

LonghornFX

The bull trap has been around for pretty much as long as people have been trading in and manipulating the price action of financial markets. Bull traps often catch unwary forex traders by surprise when they act on a false buy signal in an uptrend that then causes them to wind up taking a loss when the fake rally eventually fizzles out. In this article, Benzinga explains the nature of the bull trap, its causes and how to identify and avoid them when trading forex. Knowledge of bull traps could improve your overall forex trading results, so keep reading for more information on bull traps in forex trading. What is a Bull Trap? As the name implies, the bull trap essentially consists of an upward-trending market that looks like it should continue higher, but the bullish move instead fails and the market moves lower. Bull traps are notoriously created by market manipulators to trick other market participants into buying during a false breakout that looks like a bull market, thereby “trapping” them with positions on the long side. The false upside breakout seen in bull traps generally induces less market-savvy traders to position themselves on the long side with a price target that the market never attains. As the market typically retraces its initial gains and then some during a bull trap, they eventually end up on the wrong side of market price movement (or exchange rate movement in forex trading). The failure of the upside breakout of a resistance level, trendline or chart pattern eventually becomes apparent when market momentum wanes as the manipulator sells to take their profits. The ensuing selloff intensifies as traders on the wrong side of the market rapidly liquidate their positions. This tends to drive the market even lower than the level where the manipulation began, making a bull trap a bearish signal. How to Identify a Bull Trap Accurately identifying a bull trap in the forex market typically requires a combination of technical, fundamental and sentiment analysis. You can also use exchange rate charts to spot potential bull traps. The useful market analysis methods that can help you identify a bull trap in the forex market include: Technical analysis: A key method for identifying bull traps is to use technical analysis tools like trend lines, support and resistance levels, moving averages and oscillators to analyze the exchange rate movements of a currency pair you think has shown a bullish signal. A break in a key support level, or a bearish divergence in a momentum oscillator like the relative strength index, can indicate a potential bull trap you will want to avoid. Charts can also be used to spot bull traps in the forex market. For example, you can review candlestick charts to look for patterns that suggest a downside reversal in the underlying trend. A particular candlestick pattern known as a shooting star often indicates that a bearish reversal is imminent, as do bearish engulfing patterns and doji candles. Fundamental analysis: Another useful method that can help you avoid trading on bear traps involves using fundamental analysis to analyze the underlying economic and geopolitical factors that could have influenced the market sentiment to result in a bullish breakout. If the market sentiment does not seem that bullish based on positive news, then forex traders need to be cautious about the upside breakout and look for potential negative factors that could reverse the trend lower. Volume analysis: You can use trade volume analysis to identify when a forex market move is valid. True bullish breakouts are generally supported by strong trading volume that indicates a genuine upward trend has commenced. In contrast, bull traps are usually not accompanied by a significant increase in trading volume, so a failure to see such an increase indicates a potential downside reversal could occur instead of a rally. Sentiment analysis: Another method you can use to identify a bull trap is to analyze market sentiment using sentiment indicators or news sentiment analysis. If the market sentiment is overly optimistic and most traders have positioned themselves in the same direction, then traders need to be cautious because this could indicate a potential bull trap. Keep in mind that remaining vigilant while trading currencies is crucial to avoid falling into a bull trap. You especially need to stay aware of potential market-moving events and news that could influence forex market sentiment and spark a reversal. Also, remember to set appropriate stop-loss orders to limit your losses in case the market moves against your position. How to Avoid a Bull Trap Because of the prevalence of bull traps in the forex market, you will generally want to include strategies for avoiding them in your trading plan. Here are some tips and tricks forex traders can use to avoid falling prey to bull traps: Use a combination of analysis methods: Traders should generally use a combination of technical, fundamental and sentiment analysis to identify potential bull traps. This helps to avoid relying on one analysis method and increases the accuracy of identifying real bullish moves and potential trend reversals before they occur. Stay aware of market-moving events: Traders should stay up to date on important news events that can shift the forex market sharply like economic releases, central bank meetings and geopolitical developments. Such news can impact forex market sentiment and trigger bull traps. Use appropriate risk and money management: Traders should use appropriate risk-management strategies like setting stop-loss orders, taking profits at regular intervals and avoiding over-leveraging their positions as well as using sensible position-sizing techniques. Taking such steps can help minimize losses and protect trading capital. Avoid chasing a new trend: Traders should avoid chasing an unconfirmed trend by buying at the peak of fresh bullish momentum. Instead, they can wait for a pullback in the currency pair’s exchange rate before entering a long position. Avoid trading during periods of low liquidity: Traders should avoid periods of low market liquidity because manipulators can use this to their advantage. Low liquidity can also increase the volatility of the forex market and lead to unpredictable exchange rate movements that can trigger bull traps. Use market action analysis: Analyze the way that exchange rates move on candlestick charts to identify potential bull traps. For example, you can look for bearish candlestick patterns like shooting stars, bearish engulfing patterns and doji candles to signal a market entering a bull trap that may be about to reverse direction. Traders can typically avoid bull traps by remaining vigilant to the risk of trading on them and using a combination of analysis methods to identify them. They can also employ appropriate risk- and money-management strategies and best trading practices to increase their chances of success and minimize their losses just in case a bull trap occurs that catches them long and wrong. Bull Trap Takeaways Because bull traps are a common occurrence in the forex market, currency traders must remain aware of the signs and signals of market manipulation to avoid falling prey to them and losing their hard-earned money. Forex traders with open positions and those considering taking a position also need to stay well-informed and regularly updated on market-moving events to minimize the risk of losing money because of bull trap fakeouts. Remember that bull traps are often caused by market manipulators who deliberately create a false bullish sentiment in the forex market. This can cause unwary currency traders to buy at the peak of an invalid uptrend and suffer significant losses as a result. You can typically increase your chances of success and minimize your losses as a trader by avoiding falling into bull traps. In addition, those looking to avoid bear traps should consider using a combination of analysis methods and appropriate risk- and money-management strategies as well as best practices like avoiding chasing the trend on a suspicious breakout and trading during low liquidity periods when the market manipulation that causes bull traps is easier and more likely. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details LonghornFX help@longhornfx.com Company Website https://www.longhornfx.com/

July 25, 2023 08:30 AM Eastern Daylight Time

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Peter Kaldes Named President and CEO of NextFifty Initiative

NextFifty Initiative

NextFifty Initiative, a private foundation supporting efforts to improve quality of life for older adults and their caregivers, today announced it has named Peter Kaldes as its new President and CEO. Kaldes will assume the role on September 11, 2023, and will lead efforts to help the nonprofit private foundation achieve its mission of improving and sustaining the quality of life for people in their second 50 years. Kaldes is a national leader in aging with experience as a nonprofit and philanthropic executive. Since March 2020, he has served as president and chief executive officer of the American Society on Aging, the nation's largest association of diverse professionals in the field of aging. Before joining ASA, Kaldes was president and chief executive officer of the South Florida Institute on Aging (SoFIA). Prior to that position, Kaldes was a senior executive at JPMorgan Chase & Co. and led the global bank’s philanthropic investments in economic development. Kaldes also has served in the White House as an economic policy advisor to President Barack Obama. "Colorado, like our nation, is aging," said Kaldes. "Some may see this as a problem, but NextFifty sees it as the opportunity that it truly is. I am looking forward to working with NextFifty’s Board of Trustees, staff, community partners, and national colleagues to lead and catalyze innovation in aging." At ASA, Kaldes successfully navigated the organization through an unprecedented pandemic, innovated its brand identity and programming, including launching ASA Rise, a social justice and leadership academy for rising leaders of color, and increased ASA's membership by 35 percent. At SoFIA, he led the transformation of a 55-year-old, community-based organization and nearly doubled the organization’s budget with new social and economic programs. Kaldes began his career as an international litigator at the global firm of Weil Gotshal & Manges, LLP. He is a graduate of the University of Pittsburgh School of Law and Tufts University. “We are thrilled to welcome Peter Kaldes and the depth of experience he will bring to our work,” said Joie Glenn, chair of the Board of Trustees for NextFifty Initiative. “Peter shares our passion for supporting the needs of older adults and all the issues related to their quality of life. We are very pleased to have found a new leader of his caliber.” NextFifty Initiative was formed in 2016 through the sale of InnovAge, a non-profit PACE (Program of All-Inclusive Care for the Elderly) provider, to a private equity firm. With initial assets of over $200MM, the foundation was created as an independent nonprofit entity completely separate from InnovAge. The foundation remains focused on and committed to serving the older adult population through grantmaking and impact investing with goals of: improving the quality of life for older adults; making sure organizations serving older adults have the resources they need to succeed; identifying, supporting, and replicating new and innovative approaches to aging; and reducing ageism. About NextFifty Initiative NextFifty Initiative is a Colorado-based, private foundation supporting efforts to improve the lives of older adults and their caregivers. The foundation works with community leaders, experts in the field of aging, and front-line professionals to support programs and projects that positively impact aging and longevity. They focus on education, sharing best practices, and supporting innovation that will transform aging for generations to come. In 2022, NextFifty Initiative awarded grants totaling $8.2 million. To learn more, visit www.Next50Initiative.org. Contact Details NextFifty Initiative Amy Daly +1 303-590-9995 Company Website https://www.next50initiative.org/

July 25, 2023 08:30 AM Eastern Daylight Time

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LABS Group Distributes Dividends to Early Investors of Kunang Kunang Tent Resort

Chainwire

LABS Group, the frontrunner in blockchain-based real estate investment, is delighted to announce the successful distribution of dividends to early investors of the Kunang Kunang Tent Resort project based in Indonesia. This significant accomplishment underpins LABS Group's commitment to rewarding its community members and cementing trust in the burgeoning world of decentralized real estate investing. The Kunang Kunang Tent Resort, nestled in a coveted location famed for its natural beauty, has become a point of interest for avant-garde investors seeking unique real estate market opportunities. By adopting a novel approach and employing blockchain technology, LABS Group has transformed the way people invest in real estate, offering fractional ownership through tokenization. Early investors of the Kunang Kunang Tent Resort have been vital to supporting this revolutionary project from its genesis. In recognition of their contributions and to share in the success of the project, LABS Group is thrilled to distribute dividends to these esteemed community members. Despite the delay in the resort's completion due to COVID restrictions, it was successfully finalized in April 2022 and has since earned recognition in East Java. Gravity Resorts, the hotel management team, remained undeterred despite temporary flight suspensions from Bali to Banyuwangi due to reduced travel volume. They have achieved impressive ratings across major platforms like Booking.com (9.6), Agoda (9.3), and Google Review (4.8/5). The resort managed an average occupancy rate of 68% in its first year and distributed dividends amounting to an approximate yield of 10%, demonstrating profitability despite a slow start. "Our early investors have been instrumental in turning the vision of the Kunang Kunang Tent Resort into a reality," said Bernard Lau, CEO of LABS Group. "We're excited to reciprocate their trust and faith in our platform by distributing dividends that demonstrate the financial potential of blockchain-based real estate investments." LABS Group ardently believes in the potency of decentralized finance to open new investment avenues for individuals worldwide. By harnessing blockchain technology, the platform presents a secure and transparent investment ecosystem, enabling individuals to partake in real estate projects once limited to a select few. This achievement not only commemorates the dividend distribution but also accentuates the trust and credibility that LABS Group has cultivated within the community. As the real estate market continues to evolve, LABS Group remains at the cutting edge, pioneering the confluence of blockchain and real estate to conceive innovative investment opportunities and catalyze positive transformations. As a token of appreciation and a way of giving back to its community, LABS Group is launching the Owner’s Circle NFT collection, which can be purchased with the LABS native token to gain the ability to receive rewards from profits generated from resort operations managed by LABS Group. The majority of net profits generated from property operations will be distributed equally amongst the Owner’s Circle members with the BNB token. The proceeds received from the sale of the Owner’s Circle collection will be used to set up the Owner’s Fund, which will be used to invest in Real Estate related businesses to increase the pool of rewards which will be distributed on a monthly or annual basis depending on the type of property. With Kunang-Kunang as the pilot project, the purchasers will be seeing immediate value with proof of performance and an ever-growing portfolio of Real Estate projects which will be parked under the Owner’s Circle collection. For more information, please visit https://labsgroup.io/owners-circle/ About LABS Group: LABS Group is a blockchain-based real estate investment platform that aspires to democratize access to worldwide real estate opportunities. It employs blockchain technology and fractional ownership to enable individuals to invest in iconic properties, offering both financial and experiential returns. With a mission to reshape the future of real estate investing, LABS Group offers a transparent, inclusive, and forward-thinking ecosystem for investors at all levels. Contact Details Bernard Lau contact@staynex.com

July 25, 2023 08:26 AM Eastern Daylight Time

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