News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

BDDAI Youth Manager Rajesh Vaidya Opens New Office in Bergen, Norway, and Successfully Organizes Core Team In-Person Meeting

Rev Up Marketers

BDDAI is pleased to announce that Youth Manager Rajesh Vaidya has successfully opened a new BDDAI office in Bergen, Norway, and swiftly organized an in-person meeting with core team members shortly after the office's establishment. This achievement not only marks a significant milestone in BDDAI's global expansion but also highlights the remarkable success Rajesh Vaidya has achieved through his relentless efforts and dedication. Strategic Significance of the Office Opening With unwavering belief and tireless effort, Rajesh Vaidya successfully established the BDDAI office in Bergen and obtained legal authorization. This accomplishment lays a solid foundation for BDDAI's expansion in the Nordic market and provides a more convenient and localized service platform for local users. Rajesh Vaidya stated, "If you take action and persist, you will always be rewarded with glory!" The establishment of the new office will further drive BDDAI's development in Norway and the surrounding regions by offering professional quantitative trading services and technical support, helping more users achieve wealth growth. Through our local office, we aim to cultivate a community of BDDAI enthusiasts and provide individuals with opportunities for interaction. We believe that with sustained passion and integrity, we can inspire others to share and connect with each other. Advantages of the First-Generation Member Program In BDDAI 's development strategy, the First-Generation Member (A) Program is considered key to team building. Rajesh Vaidya particularly emphasized the importance of increasing first-generation members: "The more first-generation members there are, the more people will join the team." He explained that inviting first-generation members not only brings substantial commissions but also forms a solid and rapidly expanding team network. Specific advantages of the First-Generation Member Program include: Expanding the Team Network: First-generation members (A) are the cornerstone of team development. Their joining will drive the recruitment of more second-generation members (B) and third-generation members (C), creating a stable and continuously expanding team structure. Increasing Earnings: The growth of first-generation members will directly impact your team earnings. Increasing the number of first-generation members means more commission and income opportunities. Enhancing Team Cohesion: A strong first-generation member team will enhance the cohesion and combat effectiveness of the entire team, promoting internal cooperation and support. Successful Organization of Core Team In-Person Meeting After the new office was established, Rajesh Vaidya swiftly organized an in-person meeting with core team members. This meeting was an important step in BDDAI's strategic development, aiming to strengthen the cohesion and execution of the core team. Rajesh engaged in in-depth discussions with the core team members about BDDAI's vision, development strategy, and how to achieve rapid team expansion through the First-Generation Member Program. He emphasized the importance of teamwork and how to leverage BDDAI's platform resources to achieve a win-win situation for both individuals and the team. Through this meeting, the core team members gained a clearer understanding of BDDAI's development goals, and the morale and confidence of the entire team were significantly boosted. Company Overview BDDAI is a leading international intelligent quantitative trading platform, founded in 2013 and headquartered in the United States, with a global business reach. The company uses advanced digital models and trading strategies to provide one-click automated trading services, helping users achieve low buy-high sell, and earn exchange rate differences. BDDAI has achieved significant success in technology and global expansion and is committed to providing an excellent trading experience for users worldwide. Call for Sharing and Cooperation Rajesh Vaidya emphasized that sharing is a virtue. Share good things with family, relatives, friends, acquaintances, colleagues, and the public. Let everyone experience the bonds of family, friendship, happiness, and gains through sharing. Good things are not just about food and drink; sharing these things only brings temporary joy. However, sharing how to make money will benefit people in the long run. Let us work together to make BDDAI a place of mutual support and love for sharing. Contact Details BDDAI Rafferty Cole admin@xbddai.com Company Website https://xbddai.com/

August 16, 2024 02:03 PM Eastern Daylight Time

Image
Article thumbnail News Release

BTTC Acclaimed by Cointelegraph and CryptoRank for Ecosystem Innovation

BitTorrent Chain

Singapore - August 16, 2024 - Recent reports from both Cointelegraph and CryptoRank have shed light on BitTorrent Chain (BTTC) and its integral role within the BitTorrent ecosystem. These analyses highlight BTTC's innovations, its pivotal contributions to various BitTorrent products, and its evolving position in the broader blockchain landscape. BTTC stands as a cornerstone of the BitTorrent ecosystem, supporting the original BitTorrent torrent tracker, the Bittorrent Filesystem (BTFS), and the DLive streaming platform. Its role extends beyond mere infrastructure; it operates as a cross-chain multi-layer protocol that ensures seamless asset interoperability across Ethereum, TRON, and BNB Chain. This capability distinguishes BTTC from traditional single-chain solutions, offering a scalable, high-throughput platform that addresses critical challenges in blockchain scalability and integration. The recent Cointelegraph report titled “BitTorrent Chain's Bridging Breakthroughs in H1 2024: Unlocking Tron's Potential” underscores BTTC's architectural prowess, featuring a multi-chain proof-of-stake (PoS) model and EVM-compatible side-chains derived from Tendermint software. This setup enables BTTC to achieve high throughput, low block times, and minimal transaction costs. The platform's sophisticated bridging mechanism, which includes a classic lock-and-mint model, facilitates asset transfers across TRON, Ethereum, and BNB Chain, with support for over 75 token mappings. Additionally, relayer services enhance the user experience by providing faster withdrawals and reducing transaction fees. CryptoRank's report named “State of BitTorrent Chain H1 2024” complements this by detailing the extensive utility of the $BTT token. Beyond its use for gas fees, $BTT facilitates faster file distribution, rewards validators, supports BTFS storage payments, and serves various functions within the BitTorrent ecosystem, including as collateral on JustLend DAO and a perpetual asset on SUN.io. It even holds legal tender status in Dominica. Despite the shifting dynamics with the rise of cloud storage and streaming services, BitTorrent remains a significant player with over 170 million active users and substantial annual revenue. The first half of 2024 has been marked by several milestones for BTTC. According to CryptoRank, these include listings on major exchanges like Bitfinex, Mercado Bitcoin, and Bitci Borsa, an official partnership with HTX DAO, and integration with DEXTools. These achievements reflect BTTC's ongoing evolution and its capacity to adapt to emerging trends, such as decentralized physical infrastructure networks (DePIN) and potential Bitcoin integrations. Both reports highlight BTTC's strategic importance in enhancing blockchain interoperability and scaling solutions. The platform not only facilitates seamless transfers of mainstream assets across multiple blockchains but also serves as a robust foundation for Web3 applications. As BTTC continues to expand its ecosystem and integrate with new blockchain technologies, it is poised to play a critical role in shaping the future of blockchain scalability and cross-chain interactions. About BitTorrent Chain BitTorrent Chain (BTTC) is the world’s first heterogeneous cross-chain interoperability protocol, which adopts the PoS (Proof-of-Stake) mechanism and leverages sidechains for the scaling of smart contracts. It now enables interoperability with the public chains of Ethereum, TRON, and BNB Chain. Fully compatible with EVM, BitTorrent Chain facilitates the seamless transfer of assets across mainstream public chains. The governance token BTT, also known as BTTOLD on TRON Protocol was granted statutory status as authorized digital currency and medium of exchange in the Commonwealth of Dominica on October 7th 2022. Media Contact bttc_service@bittorrent.com Contact Details John Chen press@bittorrent.com

August 16, 2024 01:42 PM Eastern Daylight Time

Image
Article thumbnail News Release

Benchmark International Unveils the 2024 Global Robotics Industry Report

Benchmark International

Benchmark International, a leader in mergers and acquisitions (M&A), is excited to announce the release of its 2024 Robotics Industry Report. The report provides a detailed analysis of the current state of the robotics industry, exploring key trends, challenges, and opportunities that are shaping the future of this rapidly evolving sector. As robotics technology continues to advance, its applications are expanding across various industries, from manufacturing and healthcare to logistics and agriculture. The 2024 Robotics Industry Report by Benchmark International offers critical insights for business owners, investors, and industry leaders seeking to capitalize on these emerging trends. Highlights from the 2024 Robotics Industry Report include: Market Expansion: The global robotics market is expected to witness robust growth, driven by increased automation, advancements in artificial intelligence, and the integration of robotics into new industries. Technological Innovations: The report details significant innovations in robotics, including the development of collaborative robots (cobots), advancements in machine learning algorithms, and the rise of autonomous systems. Sector-Specific Applications: The report examines the growing use of robotics in sectors such as healthcare, where robots are enhancing surgical precision and patient care, and in logistics, where automation is streamlining supply chains. M&A Activity: There is a notable increase in mergers and acquisitions within the robotics industry as companies seek to acquire new technologies, expand their capabilities, and gain a competitive edge in the market. Global Trends: The report analyzes regional trends, highlighting the dominance of Asia-Pacific in robotics manufacturing and adoption, as well as the increasing investment in robotics research and development in Europe and North America. The report is now available on Benchmark International's website and is part of the firm’s ongoing efforts to provide comprehensive market intelligence to its clients. For more information and to access the full 2024 Global Robotics Industry Report, please visit: https://www.benchmarkintl.com/insights/2024-robotics-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

August 16, 2024 09:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Semiconductors, Rockets And MRIs All Need Helium – This Company Is Bringing It To The World

Benzinga

By Johnny Rice, Benzinga Stefano Marani, CEO of Renergen (JSE: REN) (ASX: RLT), wa s recently a guest on Benzinga’s All-Access. Renergen is an emerging helium and liquefied natural gas producer with existing production and sales of compressed natural gas. The company holds the first and only onshore petroleum production rights in South Africa, giving it a first-mover advantage in the distribution of domestic natural gas. It has now brought online its brand new liquid helium and natural gas plant in South Africa, making it only one of eight countries in the world that produce the essential resource. Watch the full interview here: Featured photo by Igor Omilaev on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 16, 2024 08:45 AM Eastern Daylight Time

Video Image
Article thumbnail News Release

AI Generates Massive Amounts Of Data And This Company’s Tech Helps Transmit It

Benzinga

By Johnny Rice, Benzinga Dr. Michael Lebby, chairperson and CEO of Lightwave Logic, Inc. (NASDAQ: LWLG), was recently a guest on Benzinga’s All-Access. Lightwave Logic develops proprietary engineered electro-optic (EO) polymers. The company’s high-activity, high-stability organic polymers allow it to create next-generation photonic EO devices, which convert data from electrical signals into optical signals – critical to the functioning of the Internet. This means that with the company’s technology, more data gets sent faster using less power than the current standard. Lebby spoke about the increasing demand for faster data transmission required by AI and how his company’s tech is uniquely positioned to provide a solution. Watch the full interview here: Featured photo by Joshua Sortino on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 16, 2024 08:30 AM Eastern Daylight Time

Video Image
Article thumbnail News Release

HTX at Istanbul Blockchain Week 2024: Leading a New Wave of Trading

HTX

HTX, ranking among the top 3 cryptocurrency exchanges globally, participated as a sponsor and partner in the Istanbul Blockchain Week (IBW) 2024 on August 13-14. By tapping into Turkey’s crypto-friendly environment, HTX aims to build connections with various projects, technical teams, and the broader crypto community, seeking collaborative opportunities to drive innovation and applications of cryptocurrency technology. During the event, Serdar Serdengecti, Listing Director of HTX, was invited to participate in a roundtable discussion on the theme "Ushering in the New Wave of Trading". In his role, Serdar Serdengecti focuses on forging strategic partnerships and expanding HTX's listing portfolio with high-potential blockchain projects. With a proven track record in identifying and onboarding top-tier projects, he is dedicated to delivering exceptional user experiences and contributing to HTX's vision of a secure and inclusive Web3 economy. He noted that the "New Wave of Trading" represents a significant evolution in how people engage with cryptocurrencies. At present, HTX is playing an active role in shaping this new wave through the following initiatives: 1. Prioritizing User Experience. The exchange focuses on developing user-friendly interfaces and providing educational resources to empower all traders. 2. Embracing Innovation. HTX is integrating DeFi protocols and offering innovative products like staking and margin trading. 3. Fostering Security. The platform employs rigorous security measures and cold storage solutions to ensure all users' assets are well protected. 4. Supporting Crypto Listings. HTX’s listing process is designed to feature only high-quality projects on the platform. Serdar Serdengecti believes that several emerging trends and technological innovations are poised to shape the landscape of cryptocurrency trading, including mainstream adoption and institutional investment, advanced trading algorithms and AI, cross-chain and interoperability solutions, social trading projects like TON and Solana Blink, central bank digital currencies (CBDCs) and stablecoins, and continued regulatory clarity. HackaTRON Season 7, co-hosted by HTX DAO, TRON DAO, BTTC, and JustLend DAO, garnered significant attention at the conference, with many attendees showing interest at the HTX booth. With the submission deadline set for October 22, participants will have the opportunity to engage with leading global crypto ventures like HTX Ventures and TRON DAO Ventures throughout the season. They will also have the opportunity to connect with a diverse group of industry participants, share resources, and explore collaborative opportunities to contribute to the growth of the industry. The IBW, held at the Hilton Bomonti Hotel in Istanbul on August 13-14, attracted over 7,500 blockchain enthusiasts, industry leaders, and innovators from around the globe, along with more than 300 international and Turkish speakers. The event centered on discussions of major Web3 topics, including AI, RWA, DeFi, regulation, and GameFi. HTX highlighted Turkey's growing importance in the crypto space, noting the country’s rapidly expanding digital asset market and talent pool, as well as its significant economic and geostrategic role as a bridge connecting the Eurasian continent. As HTX celebrates its 11th anniversary, the exchange remains committed to driving the development and adoption of cryptocurrencies around the world. Through this appearance at IBW, HTX looks to expand its reach in the Middle East and European markets, aiming to attract a wider user base and partners to further its globalization strategy and explore the new wave of trading. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details EE glo-media@htx-inc.com Company Website https://www.htx.com/

August 15, 2024 11:12 AM Eastern Daylight Time

Article thumbnail News Release

HansleyJoseph.ca Launches with a Focus on Gaming Expertise and Community Empowerment

Rev Up Marketers

HansleyJoseph.ca is now live, offering a dedicated platform for fans of street gang and Mafia-style games. Catering to gamers who thrive on the intricate and gritty worlds of crime and strategy, HansleyJoseph.ca is poised to become a leading resource for players seeking in-depth tutorials, expert advice, and a community of fellow enthusiasts. Street gang and Mafia-themed games have long been popular among gamers who enjoy exploring the dark and complex narratives that these genres offer. Titles like "Mafia 3," "Saints Row," GTA V and "The Godfather" have captivated players with their detailed storylines, immersive environments, and strategic gameplay. HansleyJoseph site taps into this passion by providing comprehensive guides, walkthroughs, and tips that help players master every aspect of these games. Whether players are searching for strategies related to Hansley Joseph street gang games or the best ways to navigate through gang de rue scenarios, this site offers all the necessary resources. Whether it’s learning the best strategies for building a criminal empire, understanding the intricate relationships between gang factions, or perfecting combat and stealth techniques, HansleyJoseph.ca covers it all. The site’s content is meticulously curated to ensure that gamers of all levels—from novices to seasoned veterans—can find the information they need to enhance their gameplay. In addition to game-specific tutorials, also have features articles and insights on broader topics related to the street gang and Mafia gaming genres. Players can explore content that delves into the cultural and historical contexts of these games, the evolution of gang-themed narratives in gaming, and the unique challenges and rewards that these genres offer. The Hansley Joseph platform is more than just a guide—it's a community hub where gamers can connect, share experiences, and discuss strategies. The website encourages interaction among its users, fostering a sense of camaraderie and shared passion for the street gang and Mafia game genres. Regularly updated with the latest content, the site ensures that players stay informed about new releases, updates, and trends in the gaming world. With its focus on high-quality content and user engagement, HansleyJoseph.ca is set to become a cornerstone for gamers interested in street gang and Mafia-themed titles. The site’s launch marks an exciting new chapter for fans of these genres, offering them a go-to resource that’s as dynamic and immersive as the games they love. For more information and to explore the world of street gang and Mafia games, visit HansleyJoseph.ca. About Company HansleyJoseph.ca is a specialized platform focused on street gang and Mafia-style games. The website offers a wide range of resources, including expert tutorials, game guides, and strategic insights tailored to fans of this genre. With a mission to build a community of like-minded gamers, HansleyJoseph blog provides detailed content that helps players master the complexities of street gang and "gang de rue" games. The site is regularly updated to keep users informed about the latest trends and developments in the gaming world. Contact Details Hansleyjoseph Canada Hansley Joseph +1 514-487-3263 info@hansleyjoseph.ca Company Website https://www.hansleyjoseph.ca/

August 15, 2024 11:08 AM Eastern Daylight Time

Image
Article thumbnail News Release

Communication Service for the Deaf, Inc. Receives $250,000 Engagement Award from PCORI

Communication Service for the Deaf

Communication Service for the Deaf, Inc. (CSD) has been awarded $250,000 through the Eugene Washington PCORI Engagement Award Program, an initiative of the Patient-Centered Outcomes Research Institute (PCORI). The funding will support a two-year project titled "Building Capacity for Deaf American Sign Language Users in Virtual Healthcare PCOR/CER," running from November 1, 2024 through October 31, 2026. The COVID-19 pandemic has significantly accelerated the adoption of telemedicine in healthcare yet little is known about best practices for the Deaf community. Deaf individuals who use American Sign Language (ASL) face communication and health literacy challenges, making virtual healthcare services potentially inaccessible and inequitable. CSD’s health and patient advocacy division, DeafHealth, will recruit a diverse group of stakeholders to form a national Deaf Patient Coalition. This coalition will identify and capture diverse Deaf patient experiences with virtual healthcare platforms to help shape future patient-centered outcomes research (PCOR) and comparative clinical effectiveness research (CER) focused on healthcare virtual platforms for the Deaf community. By collaborating with academic institutions, researchers, and patient communities, this groundbreaking project aims to advance equitable care and decision-making among Deaf patients that aligns with patient-centric outcomes and preferences. The project will be directed by project lead Allysa Dittmar, MHS, Vice President of DeafHealth. Rochester Institute of Technology (RIT), under the leadership of Dr. Tiffany Panko, executive director of the Deaf Health Care & Biomedical Science Hub and director of the Deaf Health Laboratory at RIT’s National Technical Institute for the Deaf will support the project. “Deaf people comprise approximately 13% or 30 million of the American population, yet they are often overlooked in research. We are grateful to PCORI for this opportunity to promote equitable participation and engagement for both Deaf patients and researchers alike," said Dittmar. "The lack of opportunities for our community has hindered the ability to identify effective interventions to improve the health and wellbeing of Deaf people who use ASL. As healthcare increasingly shifts to virtual platforms for care and treatment, it is crucial to include the Deaf population, researchers, and stakeholders to ensure that future PCOR/CER research is patient-centered and equitable.” By incorporating diverse lived Deaf patient experiences, this project empowers this historically marginalized community with the resources and PCOR/CER knowledge necessary to drive community-centered change for improved health outcomes, aligning with PCORI’s mission to empower patients and others. In the long term, the project provides an opportunity to propose future PCOR/CER studies that align with the community’s identified priorities regarding virtual healthcare platforms for the Deaf community. PCORI is an independent, nonprofit organization authorized by Congress with a mission to fund patient-centered comparative clinical effectiveness research that provides patients, their caregivers, and clinicians with the evidence-based information they need to make better informed health and healthcare decisions. For more information on the PCORI Engagement Award and CSD's funded project, visit here. Projects approved for funding by PCORI’s Engagement Award Program were selected through a rigorous and highly competitive review process, assessing their ability to meet PCORI's engagement goals and objectives, as well as program criteria. About Communication Service for the Deaf, Inc. Communication Service for the Deaf (CSD) is the largest Deaf-led social impact organization in the world. For more than four decades, CSD has been a leader in creating and providing accessible and innovative solutions for the Deaf community. Through CSD's patient and health advocacy division, DeafHealth focuses on improving health outcomes for deaf and hard-of-hearing patients through state-wide initiatives by providing culturally and linguistically accessible health information, resources, and services. For more information, please visit CSD and follow CSD on Facebook, Twitter, Instagram, and LinkedIn. About Rochester Institute of Technology’s National Technical Institute for the Deaf Established by the U.S. Congress in 1965, the National Technical Institute for the Deaf is the first and largest technological college in the world for deaf and hard-of-hearing students. NTID offers associate degree programs for deaf and hard-of-hearing students and provides support and access services for deaf and hard-of-hearing students who study in the other eight colleges of Rochester Institute of Technology. NTID also offers certificate programs in educational, deaf, healthcare, trilingual, and signed language translation interpretation, as well as bachelor’s degree programs in sign language interpreting and community development and leadership, and master’s degrees in secondary education and healthcare interpretation. Deaf and hard-of-hearing students come from all over the United States and around the world to take advantage of the opportunities available to them at RIT/NTID. Visit RIT/NTID and follow on Facebook, Twitter, Instagram, and LinkedIn. Contact Details Allysa Dittmar adittmar@csd.org Company Website https://www.csd.org/

August 15, 2024 08:00 AM Eastern Daylight Time

Article thumbnail News Release

Morning Brief: Actelis Networks (ASNS) Achieves Positive EBITDA and Major Revenue Growth Q2 2024

Global Markets News Network

Actelis Networks (NASDAQ: ASNS) recently announced its Q2 2024 results, marking a significant achievement with a positive EBITDA, a first for the company since 2022. This milestone, coupled with robust revenue growth and a reduction in operating expenses, reflects Actelis’ strong execution and strategic focus on growth within the IoT and cybersecurity sectors. The company reported a remarkable 372% sequential revenue growth from Q1 2024, bringing in $3.43 million in Q2 2024. This represents an 81% year-over-year increase, highlighting the growing demand for Actelis’ innovative solutions. The company’s gross margin saw a significant improvement, soaring to 57% in Q2 2024, up from 30% in the prior quarter. This increase in profitability was driven by strong revenue growth and effective cost management. Actelis has also successfully reduced operating expenses by 20% in Q2 2024 compared to the previous year, highlighting the effectiveness of its ongoing cost reduction initiatives. The company reported a net loss of just $78,000 in Q2 2024, a substantial improvement from the $1.59 million net loss in Q2 2023. Additionally, Actelis achieved positive Non-GAAP adjusted EBITDA of $11,000 in the quarter, marking its first positive quarter since 2022. The company's strong financial performance is complemented by its recent business achievements. Actelis has secured and delivered a $2.3 million order from Washington D.C.’s Department of Transportation, further establishing its position in the intelligent transportation space. The company has also successfully deployed its hybrid-fiber, cyber-hardened solution in Bakersfield, CA, demonstrating its technology's ability to enhance urban infrastructure and security. Moreover, Actelis' newly launched GigaLine 800 and GigaLine 900 Multi-Dwelling Unit (MDU) solutions are generating significant market interest, with a growing list of customer trials underway. A first order for the GigaLine 800 worth $160,000 from a contractor to a major military carrier was received, marking a major milestone in executing on the new products’ potential. In addition to these business wins, Actelis has strengthened its liquidity position by raising nearly $5 million in June 2024. As of June 30, 2024, shareholders’ equity stood at $1.06 million, and on a pro forma basis, including this fundraise, shareholders' equity was $3.0 million—above Nasdaq's continued listing requirement of $2.5 million. “We are extremely proud of our progress in the second quarter of 2024,” said Tuvia Barlev, Chairman and CEO of Actelis. “Our team's relentless efforts have translated into significant customer successes and the successful execution for key customers. We are delivering on the commitments we made to drive growth and innovation, and the results speak to the impact of our strategic initiatives.” As Actelis continues to build on this momentum, the company remains focused on scaling these successes, expanding its SaaS offerings through strategic partnerships, and continuing to reduce operational costs while maintaining high margins. The significant order from Washington D.C.’s Department of Transportation and the successful deployments in cities like Bakersfield demonstrate not only the strength of Actelis' technology but also the trust that major urban centers place in the company to modernize and secure their infrastructure. Looking ahead, Actelis could be well-positioned to capitalize on the expanding IoT market, particularly in sectors like intelligent transportation and critical infrastructure. With its strong financial performance, recent business achievements, and ongoing strategic initiatives, Actelis eyes significant growth potential. ### This article is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, reccomendation or endorsement. Please review the full documentation detailing financial compensation disclosures and disclaimers the article is subject to. https://justpaste.it/ecto7/pdf. Global Markets News Network is a compensated to publish and syndicate commentary and exploration into innovative companies and industries and it is subject to conflicts of interest. Contact Details Global Markets News Network Covearge Desk robert@futuremarketsresearch.org Company Website https://www.futuremarketsresearch.com/global-markets-news

August 15, 2024 04:11 AM Eastern Daylight Time

12345 ... 608