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

ZenaTech (Nasdaq: ZENA): Targets Opportunities in the $47 Billion Military Drone Industry

ZENA

The market for military drones has become one of the most promising growth sectors in defense technology. Driven by rapid advancements in AI, automation, and sensor technologies, drones are increasingly essential for applications such as surveillance, reconnaissance, logistics, and tactical missions. According to a recent report by Fortune Business Insights, the global military drone market was valued at $14.14 billion in 2023 and is projected to grow to $47.16 billion by 2032, reflecting a compound annual growth rate (CAGR) of 13.15%. North America, particularly the U.S., is expected to maintain a dominant position, with the market in the region projected to reach $10.71 billion by 2030. This growth presents substantial opportunities for companies operating at the cutting edge of drone technology. One such company is ZenaTech, Inc. (Nasdaq: ZENA) (FSE: 49Q), which is developing AI-driven autonomous drone solutions that span commercial and military applications. With its subsidiary, ZenaDrone, the company is well-positioned to capture a share of the expanding military drone market, driven by increasing demand for advanced unmanned aerial systems (UAS). ZenaTech: Leveraging AI Drone Technology for Growth and Military Opportunities ZenaTech, Inc. (Nasdaq: ZENA), a technology company specializing in artificial intelligence (AI) drone solutions and enterprise Software-as-a-Service (SaaS) offerings, has been steadily making strides in both commercial and military sectors. Established in 2017, the company’s focus is on providing cutting-edge drone technology designed to enhance operational efficiency across various industries, including agriculture, logistics, defense, and government. With a growing portfolio of products and a strategic focus on military applications, ZenaTech is positioning itself as a key player in the emerging AI-driven drone market. At its core, ZenaTech operates through two primary divisions: its software solutions and its drone manufacturing arm, ZenaDrone. ZenaDrone, a wholly owned subsidiary, is responsible for the development of autonomous AI-driven drones that are capable of performing a wide range of tasks, from crop management in agriculture to cargo delivery in defense operations. The company’s flagship product, the ZenaDrone 1000, is designed for industrial surveillance, monitoring, inspection, tracking, and process automation. Additionally, ZenaDrone has expanded its offerings to include the IQ Nano, a compact indoor drone for inventory management and warehouse optimization. ZenaTech’s AI drones incorporate machine learning software, predictive modeling, and other advanced technologies, enabling them to operate autonomously in diverse environments. The ZenaDrone 1000, for example, has already demonstrated its value in critical defense and logistics applications, where it is used for tracking and transporting cargo. Meanwhile, the IQ Nano is being tested for use in inventory management in warehouse environments, where it can autonomously scan barcodes and map storage spaces, greatly reducing the time and labor associated with manual stock counts. The Military Potential A significant and potentially lucrative growth area for ZenaTech is its expanding focus on military applications. The company has increasingly turned its attention to developing drone solutions that meet the stringent standards required by the U.S. Department of Defense (DoD). ZenaTech’s efforts to cater to this market were underscored by its recent news that it has made critical advancements toward achieving National Defense Authorization Act (NDAA) compliance and securing a place on the Blue UAS list, which is a critical step in qualifying as an approved supplier for the DoD. ZenaTech’s commitment to defense applications is exemplified by its partnership with Spider Vision Sensors Ltd., a newly established subsidiary in Taiwan. Spider Vision will manufacture critical drone components, including sensors and electronics, for use in ZenaDrone products. By sourcing these components from Taiwan, ZenaTech can ensure that its drones meet NDAA cybersecurity and supply chain requirements—key prerequisites for entering the U.S. military market. This strategic move also reduces the company’s dependence on Chinese-manufactured electronics, a major factor in meeting U.S. regulatory standards. According to ZenaTech CEO Shaun Passley, Ph.D., “Establishing a drone sensor and components manufacturer in Taiwan will help bring our products to market faster and removes dependencies on any Chinese-made electronics. This will position us to win more U.S. military contracts via achieving Green UAS and Blue UAS certifications as an approved supplier.” The Blue UAS program, in particular, represents a government-approved supplier list for drone companies wishing to sell to the DoD. Achieving this certification would enable ZenaTech to engage in direct sales to U.S. military branches and NATO forces, an opportunity that could significantly enhance the company’s revenue prospects. Growth Through Acquisitions and Expanding SaaS Portfolio In addition to expanding its military capabilities, ZenaTech has pursued a growth strategy that includes acquisitions to enhance its software offerings and integrate them with its drone solutions. Recent acquisitions, such as Ecker Capital LLC, which owns warehouse management software companies InterlinkONE and Interactive Systems, will provide important functionality for automating inventory management. These acquisitions are designed to complement ZenaTech’s drones, particularly the IQ Nano, and offer more complete, automated solutions to warehouse and logistics customers. For example, ZenaTech’s IQ Nano drone is already undergoing a paid trial with a multinational auto parts manufacturer. The trial involves autonomous drone flights to read barcodes and perform inventory management tasks, demonstrating the potential for substantial cost savings and operational efficiency in warehouse settings. As ZenaTech CEO Shaun Passley stated, “A successful trial also opens the potential to win additional business with this customer and to verifiably demonstrate IQ Nano’s utility for the benefit of attracting additional market interest.” These acquisitions, combined with ZenaTech’s drone technology, are expected to create new recurring revenue streams for the company and help solidify its position in the rapidly growing market for enterprise-level AI solutions. Financial Performance and Future Outlook ZenaTech recently reported a 15% increase in revenue for the third quarter of 2024 compared to the same period in 2023. This growth is partly attributed to the company’s expanding SaaS offerings, which have started to gain traction in the warehouse management sector. The company also achieved FAA approval for its ZenaDrone 1000, allowing it to conduct commercial flights for land surveying, inspection, and other applications in compliance with U.S. regulations. Looking ahead, ZenaTech is poised for further growth as it continues to develop new business opportunities through its Drone-as-a-Service (DaaS) model. The DaaS model allows customers to access ZenaDrone’s AI-powered drone solutions on a pay-as-you-go basis, offering a cost-effective way for industries such as agriculture, oil and gas, and government agencies to utilize drone technology without the upfront capital investment typically required for drone ownership. Moreover, ZenaTech is actively pursuing additional acquisitions to expand its DaaS offerings, which could further increase revenue and provide access to new markets. CEO Passley has emphasized the importance of this strategy, noting, “This series of new acquisitions includes approximately 20 identified company targets, with several currently at the negotiation stage. These acquisitions have the potential to add significant revenue and will power the roll-out of our innovative DaaS business globally.” Conclusion ZenaTech’s focus on advanced AI drone technology, targeted acquisitions, and military applications places it in a strong position to potentially capitalize on growth opportunities in the coming years. With increasing demand for drones in both commercial and defense sectors, ZenaTech is well-positioned to capitalize on emerging trends in automation, logistics, and national security. The company’s continued focus on meeting regulatory requirements for military contracts, coupled with its expanding SaaS offerings, could pave the way for substantial revenue growth and greater market penetration in the rapidly evolving drone industry. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website http://razorpitch.com

November 25, 2024 07:00 AM Eastern Standard Time

Article thumbnail News Release

Brett And Floki Holders Taking Notice Of Discuss Cutoshi's Recent Dominance

Cutoshi

A new emerging project is about to disrupt the meme coin landscape. It leverages an innovative DeFi ecosystem and incentivizes users with a novel revenue-sharing mechanism. Brett (BRETT) and Floki (FLOKI) holders are taking notice and many investors are rotating funds into Cutoshi’s viral presale, which just crossed the $1,000,000 mark. Is A Brett Breakout Imminent? After a fantastic performance throughout the first half of 2024, Brett (BRETT) is now trading around the $0.15 mark. Brett could be heading for a massive rally in the upcoming months, coinciding with the market-wide bull run. At press time, Brett sells for $0.1566, with this recent surge, Brett returned to the billionaires club with over $1 billion in market capitalization. Crypto analyst Crash has shared in a post on X that Brett could soar by another 40x from its current price point, drawing attention to the resilience that Brett demonstrated during the ETH/BTC onslaught in June and July. Floki, The Calm Before The Storm? Floki (FLOKI) has also been ranging for several months, with its price hovering around the $0.0002 mark. Technical analysis shows that Floki has recently completed a bullish crossover, which could result in Floki seeing substantial increases in the upcoming weeks. Moreover, on-chain data shows that Floki outflows have diminished significantly as whales and larger investors hold on to their bags. Cutoshi Wants The Meme Coin Crown Most meme coins, such as Brett, have one major drawback. Their performance relies primarily on hype and virality, which are not the most reliable drivers of long-term growth. Cutoshi does things differently, as it brings real utility by introducing a cutting-edge DeFi platform that connects isolated blockchains and allows seamless transactions for a wide array of digital assets. Cutoshi is inspired by the Lucky Cat of Chinese legends, which is believed to bring good fortune to businesses and households. Cutoshi aims to bring good fortune to the blockchain and empowers its community with lucrative prizes and rewards. Throughout the presale, users can earn rewards by completing tasks to help grow the project's user base and social media presence. For their efforts, they will receive cutopoints, which can later be redeemed for $CUTO tokens. Additionally, they can also stake the tokens and support the Cutoshi ecosystem while earning passive income. One of Cutoshi’s most intriguing features is the Cutoshi Academy, a learning hub designed to demystify DeFi and teach newcomers the basics of crypto investing and portfolio management. This initiative has attracted significant praise as it helps lower entry barriers while promoting widespread crypto adoption. Currently in stage 3 of the presale, the tokens are priced at just $0.0259. With its unique utility and meme energy, Cutoshi could emerge as one of the hottest presale projects. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 24, 2024 09:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Tron (TRX) and Popcat Restore Bullish Trajectory But It Is Trending Altcoin That Is Making Waves

Cutoshi

The rivalry between meme coins and DeFi coins for the best investment potential is subtly present in the crypto market. Despite the obvious lack of genuine utility in most, meme coins have always led investment gains with their community support. This Q4 marks a chance for some of them to shine again, including Popcat (POPCAT), whose growth is poised to contend with Tron (TRX), a top DeFi token. Meanwhile, a new meme coin, Cutoshi (CUTO), is also exhibiting potential of outperforming top altcoins with its DeFi-oriented MemeFi platform. Cutoshi Attracts Risk-Averse Crypto Investors Into Its Lucrative MemeFi Ecosystem As a hybrid cryptocurrency with a DeFi-based ecosystem and a meme-backed platform, Cutoshi (CUTO) is emerging as the next meme coin with potential for huge gains. With its devotion to Satoshi Nakamoto’s vision, which entails privacy, decentralization and monetary freedom, Cutoshi aims to offer its users a standardized DeFi environment where they can participate in beneficial DeFi activities. These activities start from its main allure, a decentralized exchange (DEX) protocol where its users can trade cryptocurrencies across multi-chains while allowing peer-to-peer. Additionally, Cutoshi provides users with a way to maximize their holdings through a token farming model. Here, they can engage in community-focused challenges and quests to win token rewards, NFTs and more. Featuring a Learning Hub in its ecosystem, dedicated to spreading the teachings of DeFi. Cutoshi has attracted huge interest as its presale has now accumulated over $1,000,000, set for more gains, potentially surpassing all meme coins, including Popcat. Popular Meme Coin Analyst Hints On The Need To Be Bullish On Popcat Token In an earlier post on X, Murad, a famous meme coin analyst, emphasized why Popcat will be bullish this year. Murad first hinted at the bullishness of Bitcoin before he further added that this would spark a bull market for Solana, which will directly influence the Popcat token. Interestingly, POPCAT token’s technical analysis further points to a strong buy, which suggests a sustained trend and an imminent surge in the near future. Coupled with that, in another X post, Murad also claimed that the POPCAT token is a better meme coin than Shiba Inu, sparking a mixed reaction among meme coin enthusiasts. Meanwhile, more investors are incredibly holding POPCAT in preparation for the next bull market. Tron Token Experiences Significant Price Jump Restoring Its Bull Trajectory Tron coin (TRX) has had one of the most resilient trajectories throughout the year, due to its highly fluctuating performance. At the moment, its weekly price ranges from $0.19 to $0.2003. The price of Tron has seen over 25% gain in the past month. The past week, Tron coin was able to secure a 7.55% gain. Tron’s network is also gaining activity, as its network volume just pumped by 9.17%. Will Cutoshi Surpass Popcat In The Month Of Its Launch? Cutoshi’s launch in the meme coin market is significant due to its unique MemeFi approach and ties to the lucrative DeFi market, all of which Popcat lacks. In other words, Cutoshi is well-positioned to outperform Popcat and even top DeFi coins in the month of its launch. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 24, 2024 01:36 AM Eastern Standard Time

Image
Article thumbnail News Release

New Meme Coin Cutoshi Goes Viral Surpasses $1 Million Raised Overnight

Cutoshi

Being early on a low-cap gem that brings in massive price multipliers is what investors live for. The current meme coin landscape is seeing dozens of new projects released every day. However, very few of them survive the first major sell-off, as they have little to no substance backing them up. Cutoshi wants to flip the script by merging meme culture with DeFi functionality, which not only presents a real use case but also ensures that Cutoshi will thrive in the long run. Cutoshi, The Utility-Driven Meme Coin Revolution Cutoshi’s cuteness is backed by a state-of-the-art DeFi ecosystem that rivals other established protocols like Uniswap and Shiba Inu. With its focus on decentralization and privacy, Cutoshi upholds the values that inspired Satoshi Nakamoto to create Bitcoin and change the world forever. At the heart of the Cutoshi ecosystem is CUTO DEX, a non-custodial decentralized exchange that does away with the middleman. Users not only will retain complete control over their assets, but they also won’t have to compromise sensitive information. CUTO DEX integrates all major blockchains, which means that users can perform seamless cross-chain transactions for just 0.25% in fees. On top of this, Cutoshi will also offer a dedicated non-custodial multi-chain wallet. Users will be able to store and manage their assets privately and securely. How Cutoshi Brings Luck To The Blockchain Cutoshi pays tribute to the Lucky Cats from Japanese legends. These cats are displayed in stores and households as tokens of good fortune. Meanwhile, Cutoshi is quite literally a token of good fortune. Cutoshi wants to bring good fortune to early adopters. Cutoshi understands that communities make or break projects. This is why significant monetary rewards await investors who actively engage with the platform. Users will have the opportunity to earn a passive income stream by staking their $CUTO tokens or providing liquidity. Moreover, even if the presale is still ongoing, they can participate in the Cuto Farming initiative. They will be tasked with completing various missions and tasks aimed at boosting Cutoshi’s online presence. For their efforts, they will receive CUTO points that can be redeemed for $CUTO once the token launches. At the Cuto Shrine, they will have the opportunity to win daily prizes and other surprises that have yet to be revealed. Over 2,300 participants are already farming points and this number is growing by the day. Enter The Cutoshi Academy The crypto world can be quite overwhelming at times this is why the Cutoshi Academy was envisioned. This is one of Cutoshi’s most interesting features that further separates it from run-of-the-mill meme coins. The Academy is a learning hub that wants to lend a helping hand to crypto beginners. On this platform, newcomers will learn the basics of DeFi, trading and portfolio management. This initiative has already garnered great praise as it not only fosters a welcoming, inclusive environment but also champions worldwide crypto adoption. The CUTO Presale Currently, Stage 3 of the Cutoshi presale is underway and $CUTO sells for just $0.0259. This is a great entry point for early investors, as the price is likely the lowest it will ever be. Cutoshi’s ground-breaking reward mechanism, coupled with its innovative DEX, could lead to $CUTO outperforming many majors in the meme coin space. When taking into account all that this project has to offer, it could very well become one of the biggest surprises in 2025 once the bull run is in full swing. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 23, 2024 06:00 PM Eastern Standard Time

Image
Article thumbnail News Release

Crypto Price Round Up: DAI’s New Look, Will Meme Coins Popcat And Cutoshi Post New ATH’s?

Cutoshi

With investors searching for the next crypto star, Popcat, Cutoshi and Dai are stepping up to the plate. But among them, Cutoshi stands out, bringing DeFi utility to the meme coin game and giving investors more than just hype. Popcat Prints Yet Another ATH Popcat has been causing quite a stir, recently reaching a new ATH price of $2 this month. With a market cap now over $1.4 billion, POPCAT’s rise has been nothing short of electric. Popcat’s weekly price has held between $1.35 and $1.79 and if it can keep its position above key EMAs, the bullish momentum could just keep going. For fans and traders alike, POPCAT’s position at these levels means it’s still in the game, potentially setting up for another leg up. Sky’s Rebrand And Dai’s New Look In a major DeFi revamp, Maker Protocol has rebranded as Sky, aiming to make decentralized finance accessible and easy to navigate for everyone. And with this rebrand, the iconic Dai stablecoin has morphed into USDS, stepping up to take on the big players like Tether. Even Maker’s MKR token has a new identity: it’s now known as Sky (SKY). While Dai has held steady with a strong market cap above $5 billion, its price sits at $0.99, below its $1.22 all-time high. But USDS has gained some serious momentum, racking up $490 million in market cap in just five days. With this fresh rebrand, Sky’s USDS shows it’s here to win, taking its place among DeFi heavyweights. Cutoshi’s MemeFi Token Disrupts The Rallying Meme Coin Market While we are all familiar with the likes of Popcat, Cutoshi is an entirely new take on what a meme coin can be. With presale hype building, Cutoshi is gathering steam fast and with good reason: it’s a project tackling some real issues in crypto trading, such as security, privacy and that smooth experience people crave across exchanges. With Cutoshi’s non-custodial multi-chain DEX, you can now say goodbye to the hassle of jumping between blockchains; everything flows together, saving you time and keeping your assets safe. Cutoshi brings in community rewards through its proprietary farming system, where members earn for diving into community quests and activities. It’s a fun way to stay involved and see tangible rewards for engagement, creating a true sense of community. Plus, for anyone who wants to learn more about DeFi, Cutoshi’s got an educational platform. The CUTO Academy aims to become a full-on crash course designed to simplify DeFi and make it accessible to the man on the street. Cutoshi embodies DeFi values, such as freedom, anonymity, privacy and financial empowerment as it’s inspired by the wisdom of Satoshi Nakamoto. At the same time, Cutoshi also represents luck and prosperity through its mascot, the Chinese Lucky Cat, a timeless symbol of wealth in many homes, bringing it now to the world of blockchain. Now in presale stage three, CUTO is priced at $0.0259 and with its CoinMarketCap listing, limited supply and the buzz building up, Cutoshi is going viral. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 23, 2024 09:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Siyata Reports Record Third Quarter Revenue Amid Strong US Demand

Siyata Mobile Inc.

By Meg Flippin, Benzinga The land mobile radio market is getting an overhaul thanks to push-to-talk over cellular (PTToC) technology. After all, PTToC gives first responders, miners, dock workers, security professionals and a whole host of other professionals access to instant communications, wider nationwide coverage and greater cost efficiencies. Not to mention these advanced PTToC systems can easily integrate with legacy technology and are future-proofed for when 5G completely dominates. Those benefits haven’t been lost on Siyata Mobile Inc. (NASDAQ: SYTA), a Vancouver, British Columbia, global vendor of PTToC devices and cellular signal booster systems. The company reports it had a strong third quarter with record revenue growth thanks to outsized demand for its rugged devices. What’s more, the company said it is still on track to achieve profitability in the coming quarters. “We continue to see the rapid adoption of our disruptive solutions and, as the displacement of land mobile radio by push-to-talk-over-cellular continues to progress, this should drive meaningful growth,” said CEO Marc Seelenfreund during the company’s earnings call for the quarter. “We stand by our previously stated goal of strong revenue growth with the goal of profitability in the coming quarters.” Shift Underway It’s no wonder Siyata saw triple-digit revenue growth in the third quarter. The market seems to be undergoing a shift away from Land Mobile Radio (LMR) systems and toward PTToC technology. The industry is forecast to grow at a CAGR of 11% from now until 2030, reaching $68.94 billion. Siyata Mobile’s portfolio of in-vehicle and rugged devices enable first responders and enterprise workers to instantly communicate over a nationwide cellular network of choice. Meanwhile, its portfolio of enterprise grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside buildings where signals are weak due to their structures, and within vehicles. Those devices – the SD7 in particular – drove growth for Siyata in the third quarter. The SD7 is a rugged handset that operates with a SIM card on public cellular networks, giving users nationwide coverage. Siyata Mobile says its radios deliver crystal-clear audio quality and since the SD7 is rugged and water resistant, it can work in most environments. For the three months ending in Sept. 30, 2024, Siyata Mobile reported record revenue of $5.9 million, up 218% year-over-year. The company attributed the revenue growth to “booming demand” for its SD7 handsets and accessories. Demand was particularly strong in the U.S. market, which represented 81% of revenue during the quarter. “This performance underscores the significant momentum we are building, especially in the U.S. market, where sales have increased by 55% year-to-date,” says Seelenfreund. “More broadly, demand for our SD7 handsets is increasing across a diversity of vertical markets and use cases. Adoption of our disruptive, ruggedized handsets is accelerating to replace more traditional land mobile radio (LMR).” Dealmaking On Display The third quarter was a busy three-month period for Siyata, in which it inked two deals. First, there was a $2.5 million order which it received for its PTT handsets and Real Time View devices from an existing customer, an international emergency medical services organization. Siyata plans to deliver the order in the first quarter of 2025. Seelenfreund said the expansion of its deal with this first responder organization is a testament to the positive impact its devices are having on customers and the relationships Siyata is cultivating. “Our devices are being proven as rugged, reliable and effective for enhancing communications when deployed by lifesaving EMS customers, thereby leading to follow-on orders,” said Seelenfreund. Then there is Siyata’s deal with T-Mobile US (NASDAQ: TMUS). Siyata’s SD7 Ultra series 5G mission-critical push-to-talk (MCPTT) cellular radio handsets will be available on T-Mobile's 5G network, currently the nation's largest. Siyata’s SD7 devices will be available through T-Mobile's Direct Connect platform. Users will also have access to applications Siyata says are designed to improve response times and ensure that emergency services can effectively address critical situations. “We believe that we have a very exciting 5G product portfolio planned to launch in 2025 which will position us as the leading PTT handset provider on a global level,” says Seelenfreund. “We announced recently that T-Mobile is the first wireless carrier that will be launching part of the portfolio and will be releasing details of the innovative devices over the coming months. We are optimistic that more wireless carriers will follow suit.” Siyata is having a moment driven by demand for its rugged devices. With the third quarter in the bag and new deals about to go live, Siyata may be worth keeping an eye on. Featured photo by Fred Moon on Unsplash Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. 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. Because such statements deal with future events and are based on Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata 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 Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata 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 and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

November 22, 2024 08:20 AM Eastern Standard Time

Image
Article thumbnail News Release

Why Cutoshi The Viral Sensation Adopting Satoshi Nakamoto's Teachings Is Trending Globally Alongside BTC And DeFi

Cutoshi

As Cutoshi trends on X for the second time this month, Bitcoin also trends as it hits fresh all-time highs of $98,300. Why Is Cutoshi Trending? On November 20th, Cutoshi’s native token $CUTO hit the number one trending spot on X, with BTC and DeFi. As the coin makes it to the top spot of X for the second time this month. The team has many inspirations and that’s the work and ethics of Bitcoin’s pseudonymous creator, Satoshi Nakamoto. Satoshi stood for privacy, decentralization and financial autonomy and that’s exactly what Cutoshi is giving to people. So What Will DeFi Look Like With Cutoshi? Cutoshi’s plan is to leverage the mass appeal of memes to bring new people into the fold of crypto investing, trading, DeFi and the Cutoshi ecosystem. The next step is to make DeFi fun and easy to use. Currently, over 2000 community members are participating in token farming, which will result in airdrops, a big part of DeFi over the last few years. After that comes the Cutoshi DEX, currently in development. This will be easy to use, especially due to its cross-chain capabilities. This is important since bridging across blockchains can be daunting and risky, even for those competent in DeFi. The DEX will also offer peer-to-peer trading for true anonymity, another important part of the ethos of Nakamoto. Other features will include the possibility to stake and provide liquidity, essential features for decentralized exchanges, which rely on automated market makers and liquidity pools rather than CEXs order book styles. What Good Is All Of That If People Don’t Understand How To Get Involved? That is the question that prompted the Cutoshi team to start creating an education platform. Keeping with the meme style of Cutoshi, this will be fun and easy to learn with, to encourage people to get involved whatever their experience or skill levels. Early community members are in line to be eligible for a limited edition set of NFTs that will be beautiful but also functional, providing DeFi-based utility within the ecosystem. What’s Next For The Project? In the short term, Cutoshi has its sights set on $1 million in funds raised in the presale. With approximately $65k to go before this milestone is hit. Cutoshi will continue to raise funds and build the DeFi ecosystem while the price increases throughout the presale. They will continue their marketing efforts as the project and community build hype. The project is then set to launch on a DEX and later on a tier 1 CEX. If previous meme coins that have DeFi functionalities (e.g. SHIB) are anything to go by, this could be a presale that brings massive gains. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Custoshi. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 22, 2024 05:57 AM Eastern Standard Time

Image
Article thumbnail News Release

XLRE ETF – A Strategic Approach to Real Estate Investment

Select Sector SPDR

The Select Sector SPDR Real Estate Sector ETF ( XLRE ), introduced in 2015, remains a relevant option in the real estate investment landscape. Designed for investors keen on exploring Real Estate Investment Trusts (REITs) and real estate management and development markets, XLRE offers a focused strategy that includes key sectors like Industrial, Data Center, and Telecommunications. Portfolio and Holdings* The fund currently maintains a portfolio of 31 stocks dedicating a substantial share—more than 60%—to its top ten holdings. This allocation strategy demonstrates XLRE's approach to maintaining a focused portfolio of real estate investments. Prominent Holdings Include: ProLogis (9.50%) American Tower A (9.06%) Equinix (7.83%) Welltower (7.09%) Digital Realty Trust (4.98%) Public Storage (4.71%) Simon Property A (4.71%) Realty Income (4.70%) Crown Castle (4.24%) CBRE (3.58%) Low Expense Ratio One of XLRE’s standout features is its expense ratio, which is currently at 0.09%**. This cost-effective structure provides an option for investors seeking exposure to the real estate sector without incurring high fees. Transparency and Reporting XLRE prides itself on transparency, offering daily reporting on portfolio holdings and allocations. This practice allows investors to have a clear and up-to-date understanding of where their funds are invested. S&P 500 Component Companies By including only S&P 500 component companies, XLRE ensures that its portfolio is primarily comprised of large-cap names in the real estate sector. This alignment offers investors a predictable and reliable pathway for real estate investment. Investor Considerations Investors considering the XLRE ETF as part of their portfolio can benefit from its strategic approach to the real estate sector. By focusing on a concentrated collection of high-quality real estate companies, XLRE provides an opportunity to gain targeted exposure. About XLRE The Select Sector SPDR Real Estate Sector ETF (XLRE) serves as a gateway to real estate investment opportunities, simplifying access to REITs and Real Estate Management & Development markets. With over $7 billion in assets under management, XLRE has a dedicated focus on sectors such as Industrial, Data Center, and Telecommunications. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 10/31/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007974 EXP 1/31/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

November 22, 2024 05:00 AM Eastern Standard Time

Article thumbnail News Release

COMCAST CELEBRATES 2024 RISE GRANT RECIPIENTS

Comcast Colorado

Yesterday, Comcast brought together more than 100 Comcast RISE recipients, partners, local officials, Comcast leaders and more from across Southern Colorado for Comcast RISE Day: an evening of education, collaboration, networking and recognition. The Comcast RISE program awarded a total of $500,000 in grants along with technology makeovers, marketing assistance, coaching sessions and education resources to 100 small businesses in Southern Colorado this year. Southern Colorado is one of five communities in the nation chosen for the 2024 program. “I’m confident that with the marketing assistance and technology makeover, we can more effectively share the type of experience we offer, increase our occupancy, and ensure more happy guests have a RAD Colorado experience,” said Erin Welch, RISE Grantee and Owner of RAD Hostel in Colorado Springs. Comcast RISE Day was a way to provide ongoing investment and help ensure the long-term success of these small businesses, which are the bedrock of economic growth in their communities. “Thanks to Comcast RISE, I now have an opportunity for a fresh start, and resources to grow my business.” Said Rique Lucero, RISE grantee and Owner of ColorSplashPaintball in Pueblo, CO. “Small businesses are the backbone of our communities, and Comcast is dedicated to the success and empowerment of these local businesses in Southern Colorado.” said J.D. Keller, Regional Senior Vice President, Comcast Mountain West Region. “Our mission for Comcast RISE is to ensure these businesses can prosper, thrive, and create a sustainable impact across Colorado.” Comcast RISE was created in November 2020 to help small businesses hardest hit by COVID-19 by providing the grants and services needed to survive and recover. The program since evolved from helping businesses survive the pandemic, to helping businesses and their communities achieve stronger economic growth. Held at the United States Olympic and Paralympic Museum in Colorado Springs, the event featured networking, a marketplace offering connections to local resources through Colorado Springs Chamber and EDC, the BBB of Southern Colorado, The Pueblo Economic Development Corp., and the Pikes Peak Small Business Development Center, as well as Comcast Business. Robert Thompson, Vice President, Comcast Business in the Mountain West Region, emceed the evening, and we were honored to hear from Jonathan Liebert, CEO/Executive Director, Better Business Bureau of Southern Colorado, who discussed how AI can be a power-up for small businesses. More information is available at https://www.comcastrise.com/. About Comcast RISE: Comcast RISE is part of Project UP, the company’s $1 billion commitment to advance digital equity through programs and community partnerships that connect people to the Internet, advance economic mobility and open doors for the next generation of innovators, entrepreneurs, storytellers and creators. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with over 56 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Leslie Oliver +1 303-810-6326 leslie_oliver@comcast.com Company Website https://colorado.comcast.com/

November 21, 2024 11:33 AM Mountain Standard Time

12345 ... 588