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Financial Crisis: 1 in 3 Americans Max Out Credit Cards to Survive

Debt.com

The United States has recently witnessed a historic surge in credit card debt, reaching a staggering $1.13 trillion. According to Debt.com ‘s comprehensive survey involving over 1,000 adults, 35% of individuals have exhausted their credit card limits in recent years amidst rising inflation and interest rates. A significant 45% of survey respondents attribute their credit card usage to inflation-driven price hikes, reflecting the struggle to meet basic expenses. Additionally, nearly 9% of respondents resorted to acquiring a credit card to cope with unforeseen financial emergencies. “The current economic scenario underscores the alarming escalation in credit card debt, underscoring the financial pressures faced by numerous Americans. With unprecedented levels of debt and a substantial portion of individuals hitting credit card limits, it’s evident that households are navigating through unique and challenging circumstances.” Howard Dvorkin Millennials’ Debt Nightmare: Overwhelming Credit Card Burden Hits Young Adults Hard Thirty-one percent of respondents with at least $10,000 to $20,000 of credit card debt are millennials, while those carrying the highest debt load of $20,000 to more than $30,000, 13% are also millennials. “Inflation and escalating living costs are forcing individuals to rely on credit cards as a lifeline. While credit cards can offer temporary relief, accumulating debt at a rapid pace is unsustainable and can lead to long-term financial repercussions. People need to exercise caution and seek alternate financial strategies to navigate these turbulent times,” Dvorkin continues. Parental Influence: How Family and Retailers Shape Americans’ Credit Card Habits When respondents were asked who introduced them to their first credit card, 32% said their parents, while 26% said retail stores offered them the first credit card and 12% said it was their school, university, or college. “It’s enticing when we get those credit card offers, and exciting to get that first card; but cash is still the best way to pay. Anything you buy, try to pay cash. If you must use your card, pay off the balance the following month when the bill comes or you’ll end up paying interest; and consumers are being assessed interest rates on credit card balances at about 20%-25%,” said Dvorkin. Debt.com’s Historical Perspective: Slowly Getting Better Since 2018, Debt.com has polled Americans about credit card debt. While life today is very different from that pre-pandemic era, credit cards are just as stressful. For example, this year 35% reported maxing out their credit cards, which is a big improvement from five years ago, when just over half (50.08%) had hit their credit limit and three years ago, it dropped to 43%. To read the rest of the survey findings please visit: https://www.debt.com/research/credit-card-survey. Debt.com is a resource that offers consumers education, self-help guides, professional solutions, and more. On Debt.com, consumers can find expert money advice–how to make it, how to save it, and how to spend it. They also assist consumers by matching them with the perfect debt-solution company for their situation and making sure they are happy with the results. Debt.com has been featured in the Washington Post, Yahoo! Finance, Forbes, and more, making them a pillar of the debt relief industry. Contact Details William Wolf wwolf@debt.com Company Website https://www.debt.com/

March 27, 2024 07:12 PM Eastern Daylight Time

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Foresight Announces Fourth Quarter and Full Year 2023 Financial Results

Foresight Autonomous Holdings Ltd.

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

March 27, 2024 05:00 PM Eastern Daylight Time

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FeganScott Managing Partner Elizabeth Fegan Named to Inaugural 2024 Forbes Top 200 Lawyers List

FeganScott

FeganScott Managing Partner Elizabeth Fegan has been named one of Forbes’ Top 200 Lawyers. Forbes debuts this inaugural list to recognize lawyers who are leaders in their fields, hold impressive track records in their specialties, and are highly respected by their peers and clients. Since co-founding FeganScott in 2019, Fegan has established herself as a powerful force in a wide range of legal issues, including complex multidistrict litigation involving consumer fraud and privacy, sex abuse, and identity theft, among others. “It is an honor to be included among such distinguished peers on the Forbes Top 200 Lawyers List,” said Fegan. “I have dedicated my career and my firm’s resources to securing justice for those who have been wronged and holding the powerful to account. I am grateful for the recognition of our work and thankful that my clients trust me.” Under Fegan’s leadership, FeganScott has developed a sterling reputation for leading complex class action cases. Recently, Fegan was appointed to serve as counsel for the class members represented in the landmark multibillion class action settlements against major chemical companies— 3M, DuPont, Chemours, and Corteva. The combined $13.6 billion in settlements resolve claims that the companies contaminated the nation’s drinking water served by public water systems across the United States with PFAS, also known as “forever chemicals.” The firm also recently announced preliminary approval of a settlement in its class action lawsuit against Hyundai and Kia on behalf of vehicle owners who claimed the automobile manufacturers sold millions of vehicles that do not contain a standard safety component to prevent car theft. The settlement is valued at more than $200 million. In its groundbreaking work in representing survivors of sexual abuse, FeganScott secured a jury verdict in February of more than $10 million for ten customers of a popular Lancaster, Ohio, holistic health spa who claimed a former massage therapist sexually abused them during visits to the spa. As with all Forbes lists, the Top 200 Lawyers List was compiled based on rigorous research and evaluation. Despite coming from different backgrounds, specializations, and geographic regions, all the lawyers on the list share a reputation for integrity and notable accomplishment. About FeganScott FeganScott is a national class action law firm dedicated to helping victims of consumer fraud, data privacy, sexual abuse, and discrimination. The firm is championed by acclaimed veteran, class action attorneys who have successfully recovered $1 billion for victims nationwide. FeganScott is committed to pursuing successful outcomes with integrity and excellence while holding the responsible parties accountable. Contact Details Mark Firmani feganscottpr@firmani.com Company Website https://feganscott.com

March 27, 2024 10:30 AM Pacific Daylight Time

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SugarDaddyMeet Unveils Highest Affiliate Commission Program in the Sugar Dating Industry

Dotmount Com

SugarDaddyMeet, the largest sugar daddy dating website where successful men and younger women meet and mingle, is thrilled to announce the official launch of the highest affiliate commission program across the sugar dating industry. This announcement sets a new standard for the sugar daddy dating site industry. Launched in 2007, SugarDaddyMeet is a premier website for successful men seeking companionship as well as for women who are looking for financial support. SugarDaddyMeet is available for users in 45 countries around the world with plans to unroll its services in even more regions in the future. With the launch of its affiliate program, SugarDaddyMeet is rivaling industry standards and offering a lucrative opportunity for affiliate partners. The new affiliate commission program rolled out by SugarDaddyMeet offers the highest commission rates in the sugar dating industry. Affiliate partners can now get $150 for their first male purchase plus an extra $5 for each qualified male profile. In addition to this, the SugarDaddyMeet affiliate program offers a highly user-friendly user interface and a toolkit designed to help them be more successful in their marketing. For instance, SugarDaddyMeet affiliate marketers can take advantage of a variety of pre-designed and customized banners. Advanced tracking tools allow affiliate marketers to track their daily clicks, daily signups, and daily commissions. SugarDaddyMeet affiliate marketers receive a comprehensive monthly report with a bird’s eye view of all their activity. Affiliate partners can also track the activity of their referrals, allowing them to identify points for appropriate communication such as follow-ups. In addition, affiliate partners can create their own invite code for promoting. It’s easier than ever for partners to invite two-tier affiliate partners. To top it off, SugarDaddyMeet affiliate partners are assigned their own dedicated affiliate manager to assist in their campaigns and progress. Affiliate partners play an integral part in bringing in new users to SugarDaddyMeet, which is at the forefront of dating technology while offering a safe space where generous men and classy women can meet and mingle. For more information, or to become a SugarDaddyMee affiliate, please visit https://www.sugardaddymeet.com/affiliate About SugarDaddyMeet Launched in 2007, SugarDaddyMeet has adhered to a core idea, that is, to provide an honest and free of judgment community platform where successful people meet and chat with attractive singles with the expectations. For more information, please visit https://www.sugardaddymeet.com. Contact Details SugarDaddyMeet Dani Johnson affiliates@sugardaddymeet.com

March 27, 2024 01:26 PM Eastern Daylight Time

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Pegasus Resources releases positive results from sampling program at Energy Sand in Utah

Pegasus Resources Inc.

Pegasus Resources' CEO, Chris Timmins, joined Steve Darling from Proactive to announce significant findings from the company's recent sampling program at the Energy Sands project in Utah, a past-producing site with uranium potential. Out of 41 samples collected during the program, 13 have demonstrated uranium (U3O8) grades exceeding 1%. Notably, sample ESRS24-016 returned an impressive 18.8% U3O8, while sample ESRS24-007 returned 3.5% U3O8. Timmins emphasized to Proactive that the concentration of 18.8% U3O8 in sample ESRS24-016 validates the high-grade uranium potential at the Energy Sands project. These results significantly enhance the company's confidence in the uranium mineralization of the asset, providing crucial guidance for drill targeting and permit applications required to advance Energy Sands to a drill-ready status. During the 13-day sampling program, Pegasus collected 41 grab samples using the RS-125 handheld spectrometer to identify areas of uranium mineralization. Notable samples were obtained from mineralized outcrops, tailings, and historical mine workings. This comprehensive geological mapping and sampling effort represent a critical step in advancing Pegasus' exploration activities, offering valuable insights into the uranium and vanadium potential of the Energy Sands property. The company remains committed to leveraging this data for informed decision-making as it continues to pursue sustainable resource development. The promising results from the sampling program underscore the significant potential of the Energy Sands project and position Pegasus Resources for further exploration success in the uranium sector. In summary, Pegasus Resources' recent sampling program has yielded encouraging results, reaffirming the high-grade uranium potential of the Energy Sands project. With a focus on strategic exploration and resource development, Pegasus is well-positioned to capitalize on the valuable insights gained from this program and drive continued growth in the uranium mining sector. Contact Details Proactive Canada +1 604-688-8158 action@proactiveinvestors.com

March 27, 2024 12:35 PM Eastern Daylight Time

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Ocean Power Technologies secures key deal for WAM-V USV's in Latin America

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news regarding the company's latest commercial milestone. Ocean Power Technologies has announced the largest quantity order in its history, signifying a significant achievement for the company. A valued customer operating in the offshore energy service industry in Latin America has placed purchase orders for multiple WAM-V USVs (Wave Energy Marine Vehicles), representing a substantial investment totaling over $1.5 million. This milestone underscores OPT’s continued expansion in the region and highlights the growing demand for its innovative solutions. Stratmann explained to Proactive that the WAM-V USVs will be deployed in hydrographic applications, leveraging their adaptability and reliability to provide the customer with a versatile multi-application solution. This landmark order not only demonstrates the effectiveness of OPT's technology but also solidifies the company's position as a leader in the marine robotics industry. By delivering unrivaled solutions that redefine possibilities in marine robotics, OPT is poised to meet the evolving needs of its customers and drive growth in the region. The significance of this order extends beyond its monetary value, marking a pivotal moment for Ocean Power Technologies. It showcases the company's commitment to delivering innovative solutions that address the unique challenges of the offshore energy sector. OPT's ability to secure this substantial order underscores its reputation for excellence and positions it for further success in the dynamic Latin American market. In summary, the largest quantity order in Ocean Power Technologies' history represents a significant milestone for the company, highlighting its continued growth and success in the marine robotics industry. With a focus on delivering unparalleled solutions and driving innovation, OPT is well-positioned to capitalize on emerging opportunities and solidify its position as a leader in the field. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

March 27, 2024 12:30 PM Eastern Daylight Time

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Northstar Gold Corp begins EM Survey looking to target the Cam Copper Mine area of Miller Property

Northstar Gold Corp.

Northstar Gold Corp's CEO, Brian Fowler joined Steve Darling from Proactive to announce the commencement of borehole electromagnetic (BHEM) and surface electromagnetic (EM) surveys at the Cam Copper Mine area on the Company’s Miller Copper-Gold Property in Ontario. The Cam Copper Mine is a historically significant site, characterized as a road-accessible shaft mine and a small-scale, past producer of high-grade ‘direct shipping’ copper ore, situated within the historic Boston Creek Copper Trend. Fowler explained to Proactive that the Cam Copper Crone Pulse-EM surveys aim to delineate Cam Copper VMS (volcanogenic massive sulfide) horizon extensions and conductors across a 900-metre strike length towards the southeast. The primary objective is to identify areas with thicker accumulations of copper-rich massive sulfides. Additionally, a borehole BHEM survey will be conducted on the four Cam Copper diamond drill holes completed in 2023. The utilization of Pulse-EM technology and surveys, similar to those employed in previous VMS discoveries across Canada, underscores the Company's strategic approach to exploration. Notably, Pulse-EM technology played a pivotal role in several past discoveries, including Hudbay Minerals' Lalor VMS deposit discovery in Manitoba in 2003. The commencement of these surveys represents a significant step forward in Northstar Gold Corp's exploration efforts at the Miller Copper-Gold Property. By leveraging advanced surveying techniques and proven exploration methodologies, the Company aims to enhance its understanding of the geological characteristics of the Cam Copper Mine area. Ultimately, these surveys are expected to provide valuable insights that will guide future drilling activities and contribute to the Company's ongoing exploration success. In summary, Northstar Gold Corp's commitment to utilizing cutting-edge technologies and conducting comprehensive surveys underscores its dedication to unlocking the full potential of the Miller Copper-Gold Property. With the commencement of the borehole electromagnetic and surface electromagnetic surveys at the Cam Copper Mine area, the Company is well-positioned to advance its exploration objectives and create significant value for its shareholders. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 27, 2024 12:23 PM Eastern Daylight Time

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

T Stamp Inc

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

March 27, 2024 12:20 PM Eastern Daylight Time

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Atha Energy set to begin company’s most significant exploration program ever

ATHA Energy Corp

Atha Energy CEO Troy Boisjoli joined Steve Darling from Proactive to unveil the ambitious plans for the company's 2024 Exploration Program, particularly focusing on the Angilak Project in Nunavut and its projects in the Athabasca Basin. At the Angilak Project, Atha Energy is gearing up for an intensive diamond drilling campaign as part of its phase one program, scheduled to kick off in June 2024. The primary objective of this phase is to expand the Lac 50 Deposit, a promising asset that exhibits openness in all directions. With 10,000 meters of diamond drilling earmarked for this phase, the company aims to not only enhance the existing deposit but also unearth potential new discoveries within the vicinity. Furthermore, exploration drilling will be directed towards high-priority targets on parallel structures to Lac 50, previously identified as prime candidates for hosting uranium mineralization. Looking ahead to Phase II, Atha Energy will embark on a comprehensive airborne geophysics program encompassing electromagnetic, Mag, and VLF survey types. This phase will be complemented by targeted ground geochemistry sampling and mapping activities. The overarching goal of Phase II is to pinpoint and de-risk a pipeline of additional high-priority targets, setting the stage for future exploration endeavors. Meanwhile, in the renowned Athabasca Basin, Atha Energy is set to advance nine of its 100%-owned projects through a combination of ground and airborne geophysical surveys. By leveraging these techniques, the company aims to deepen its geological understanding across each project, thereby increasing the likelihood of making significant discoveries while optimizing capital expenditure for future drilling campaigns. Notably, Atha Energy's exploration efforts in the Athabasca Basin will be further augmented by the incorporation of projects such as Gemini, pending the completion of the proposed scheme of arrangement with 92 Energy Limited. Gemini, which boasts the recently discovered high-grade GMZ showing, holds immense promise and will be seamlessly integrated into the company's broader exploration program. Atha Energy intends to provide a comprehensive update, including detailed drilling plans for the Gemini project, following the successful conclusion of the transaction. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

March 27, 2024 12:10 PM Eastern Daylight Time

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