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

COMCAST DONATES $60,000 AND 150 LAPTOPS TO WASHINGTON STATE MILITARY COMMUNITY ORGANIZATIONS DURING NATIONAL VETERANS AND MILITARY FAMILIES MONTH

Comcast Washington

Comcast announced partnerships with three military community organizations in Washington state. In honor of National Veterans and Military Families Month, the company donated $60,000 and 150 laptops to Operation Military Family, Paralyzed Veterans of America, and the Washington State Department of Veterans Affairs. The donations are part of Project UP, Comcast’s $1 billion commitment to reach 50 million people over the next 10 years with the tools, resources, and skills needed to succeed in a digital world. According to research by the Army University Press, many American military Veterans face challenges with digital equity, especially since the onset of the COVID-19 pandemic. Comcast’s donations will help Veterans access technology integral for career advancement and social connection. These donations are part of Comcast's continued dedication to supporting Veterans and their families nationwide, in several ways. Since 2011, Comcast has donated more than $191 million in cash and in-kind contributions to military community organizations. “Our partnership with Comcast goes beyond just a monetary donation. Comcast is committed to helping Veterans access the technology they need for career and social success in the modern digital landscape,” said Mike Schindler, CEO of Operation Military Family. “These donations will allow our Veterans with mobility, adaptive, or accessible concerns obtain equipment and resources for those that have a Spinal Cord Injury (SCI) or diseases such as MS or ALS, their families, who we serve, advance in training, their careers, and personal lives. Technology and the ability to use it to its fullest potential is imperative for Veterans with a SCI or disease, and we appreciate Comcast’s dedication to technology support,” said Matthew Mickunas, President, Northwest Paralyzed Veterans of America, Washington State. “Our long-term partnership with Comcast is one of our strongest corporate partnerships in Washington. Their support has and will continue to be a powerful asset to Veterans across the state,” said Lourdes E. “Alfie” Alvarado-Ramos, director Washington State Department of Veterans Affairs. “We’re honored to partner with military community organizations that make powerful impacts with Veterans across the state of Washington. These organizations help them build digital equity at a time when it has never been more important,” said Carla Carrell, External Affairs Director for Comcast in Washington. Comcast employs more than 17,000 Veterans, National Guard and reserve service members, and military spouses. In 2020, the company was ranked number one on Military Times’ “Best for Vets: Employers list.” Comcast’s tradition of hiring and supporting the military community started with Ralph Roberts, the company founder and World War II U.S. Navy Veteran. Comcast puts significant effort into supporting military Veterans and their families at all stages of their careers, which led to Comcast being named a Gold-level Military Friendly® Employer and a Military Friendly® Spouse Employer by Victory Media. About Operation Military Family OMF Community Outreach, dba Operation Military Family, incorporated as a Veteran-services 501 (c) (3) in 2012, is a Veteran services and solutions organization committed to helping Veterans and their families forge new proven and effective paths that lead to success in family, work, and life. About Paralyzed Veterans of America Paralyzed Veterans of America (PVA), a congressionally chartered Veterans service organization founded in 1946, has developed a unique expertise on a wide variety of issues involving the special needs of our members – Veterans of the Armed Forces who have experienced spinal cord injury or dysfunction (SCI/D). PVA will use that expertise to be the leading advocate for quality health care for our members, research and education addressing SCI/D, benefits available as a result of our members’ military service, and civil rights and opportunities that maximize the independence of our members. About Washington State Department of Veterans Affairs The Washington State Department of Veterans Affairs helps connect Veterans and their family members to the benefits and services they earned through their military service. Our Central Office is located in Olympia and includes a Veterans Service Center as well as administrative support for all agency programs. WDVA offers long-term care in our four State Veteran Homes (the Washington Soldiers Home, the Washington Veterans Home, the Spokane Veterans Home, and the Walla Walla Veterans Home) for honorably discharged Veterans, and in some cases, their spouses. 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 Jack Follman jack_follman@comcast.com Company Website https://washington.comcast.com/

November 15, 2021 08:55 AM Pacific Standard Time

Article thumbnail News Release

Treliant Adds Cryptocurrency Advisor Michael Saxon to Expand Blockchain and Virtual Currency Services

Treliant

Michael Saxon has joined Treliant as Senior Director, to expand the firm’s blockchain and cryptocurrency advisory services. Michael regularly advises consultants and clients on blockchain technologies and virtual currencies, and he has led projects supporting many of the most prominent companies in the cryptocurrency market. “Business models built on blockchains and virtual currencies are proliferating in both mainstream financial services companies and disruptive FinTech startups—introducing unprecedented risk as well as opportunity,” said Treliant Managing Partner Ross Marrazzo. “Michael understands this emerging market like few others, and can help clients control critical issues in operations and strategy, compliance, and financial crimes mitigation.” “I’ve long been dedicated to helping founders and executives systematically build and grow their businesses by staying at the leading edge of new technologies,” Michael said. “The key is to embed innovations like cryptocurrency in proven leadership and business methodologies.” Michael’s consulting in the virtual currency market has focused on operations and compliance systems; processes mitigating anti-money laundering and sanctions risk; and compliance systems and regulatory matters. Past engagements include: serving as project manager and primary author for a crypto startup “go-to-market” compliance risk assessment, road map, and program development project; serving as Interim BSA Compliance Officer for a U.S.-based crypto on-ramp technology provider; and serving as team leader for a global digital currency exchange’s compliance initiative to mitigate customer anti-money laundering/Bank Secrecy Act (AML/BSA) risk. He has also advised crypto companies on customer and third-party disputes and litigation, and on state and federal regulatory engagement. He has trained executives and analysts on the emerging market. Michael is a retired U.S. Army officer and combat veteran who served on the faculty of the United States Military Academy at West Point for 10 years, culminating in his directing West Point’s ethics education program. He holds a BS from West Point and an MA and PhD from Indiana University. He also holds certifications in interorganizational planning and in organizational strategy. Treliant is a multi-industry consulting firm that serves organizations around the globe. Our firm serves financial institutions, consumer-oriented businesses, other corporations, and law firms. As a firm of leading professionals from industry and government, we assist our clients in navigating regulatory requirements and on best practices, while meeting strategic and operational objectives. We partner with clients as trusted advisors and via managed services including through secondments, interim resources, and other outsourcing strategies. Our advisory and assurance services and specialized, high-quality business solutions strengthen our clients’ corporate and regulatory compliance programs, risk management, and business performance. We also provide comprehensive support for corporate and regulatory investigations, litigation, and as government agency monitors and independent consultants. We serve companies from Main Street to Wall Street and across the globe. Contact Details Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

November 15, 2021 10:30 AM Eastern Standard Time

Article thumbnail News Release

SmartCone and CITM build Smart City IoT Data Repository to support start ups and SMEs

SmartCone Technologies, Inc.

SmartCone Technologies, Canada’s leader in IoT (Internet of Things) solutions is proud to announce its technology partnership with the Centre for Integrated Transportation and Mobility (CITM). SmartCone is working to build a database Architecture and Platform that will capture data from all Smart Mobility Networks, both 4G & 5G elements, Intelligent IoT Nodes, C-V2X device, IoT devices and other sensors installed on the Smart Mobility Networks. Currently, there are two Smart Mobility Network sites in operation within the City of Hamilton, a public testbed located on the Mountain in the City of Hamilton, referred to as the “ Urban Test Environment ” and a private testbed within McMaster Innovation Park, referred to as the “ Office Park Test Environment ”. CITM’s Smart Mobility R&D Network (SMN) and Smart City IoT Data Repository were built to support start-ups and Small and Medium Enterprise (SME) business clients with product development, R&D, and testing of smart mobility and transportation solutions. As one of three CITM technology partners, SmartCone’s hardware and software became an integral part of the SMN in 2020 and is also a key component of the data repository, available in November 2021. Clients can utilize these technological resources for free, gaining access to a complex test environment that includes both 4G/5G wireless connectivity, cloud storage, IoT/Compute at the Edge capability, and a V2X platform. CITM’s ultimate goal was to design and deliver a test environment providing clients with access to real-time and cumulative data to support the development and commercialization of new technologies. As part of the multi-test environment that also includes Nokia and iSmartWays technology, Smartcone sensors provide business clients with IoT sensor data from real-world urban intersections and roadways, and delivers true compute-at-the-edge capabilities. Richard Dunda, Director, CITM noted, “As one of three technology providers of our new multi-site test environment, Smartcone not only enables the infrastructure required to provide innovators with access to real-time data from the network and cumulative data from the repository, but also the ability to run applications in a cloud based environment, facilitating both remote and on-site, live roadside testing. We are thrilled to be working alongside Smartcone, an Ontario based company, to provide technical resources that further promote innovation in the autonomous transportation sector.” Jason Lee, CEO and Founder of SmartCone Technologies “SmartCone sees CITM as a strategic partner in the development of our technology ecosystem. They are strategically located in an area that provides mobility opportunities that cover the full span of transportation from roads, shipping ports and airports. This gives SmartCone an opportunity to really shine. Their vision, knowledge and experience in helping shape platform companies is also a valuable asset as SmartCone continues to break ground in new markets. On November 16, 2021, CITM and technology partners SmartCone, Nokia and iSmartWays, will hold an informative session to learn about Ontario’s first live, multi-site, 5G R&D test network that is available to help design, validate, and advance smart transportation and mobility products and technologies. Find out more and register for the event here. About CITM About the Centre for Integrated Transportation and Mobility The Centre for Integrated Transportation and Mobility (CITM) is an integral part of Innovation Factory and supports small and medium enterprises (SMEs) and scale ups developing multi-modal and integrated smart mobility technology solutions. CITM provides business and technical advisory services, online training and learning opportunities via Academy@CITM, and access to a live multi-site test environment and data repository. www.citm.ca About SmartCone SmartCone Technologies Inc. (SCTI) is a unique data sensory company that commercializes new Internet-of-Things (IoT) technologies powering a wide array of sensors, edge computing, sensor fusion and artificial intelligence (AI). TheSmartCone™ solutions have been used most recently in “ Return to Work ” solutions during the COVID-19 pandemic, as well as securing dangerous work sites, controlling bicycle lane traffic, managing vehicle fleets, smart warehouses, crowd control, and more. Visit us at www.thesmartcone.com Contact Details For more information, please contact Tenille Houston +1 343-804-0727 tenille@thesmartcone.com

November 15, 2021 10:00 AM Eastern Standard Time

Article thumbnail News Release

Control v Exposed, The Consulting Arm of Goodway Group Expands its Footprint into North America

Goodway Group

Goodway Group, the digital partner advertisers trust to deliver campaign performance and media efficiency, today announced UK-based division, CvE ( Control v Exposed ) is expanding its operations into North America following its success abroad. CvE provides a wide array of in-demand services such as media in-housing, adtech/martech advisory, decision science, advanced customer data analytics, and digital readiness audits. In North America, the company will provide advisory and consulting services that accelerate insight and build new effective marketing capabilities to support Goodway’s paid media strategy, activation and analytics focus. CvE compliments Goodway Group’s strength as a leading performance-based agency for notable clients including Anytime Fitness, Tacori, Subaru, Kubota, and Bagel Brands with advisory services that seamlessly cater to marketers’ rapidly evolving needs. The three-year-old company, originally established in the US, launched in Europe and Asia in 2019. CvE has since seen significant growth working alongside global brands such as Nokia and KFC’s Yum! brand to reimagine their operating model and support them in leveraging new digital capabilities including customer data analytics and technology to accelerate customer acquisition and retention. In its return to North America, CvE US will be helmed by newly appointed Managing Director, Aimee Reker, reporting to Paul Frampton, President. Reker joins Goodway Group following her time as CEO of consultancy firm Leveret Marketing where she worked with American Express, 3M, Nikon, Wiley Publishing, Homespotter.com, and Goodway Group. She was previously Managing Director and Partner of media consultancy, FRWD, which was acquired by Bain. Reker has launched a variety of strategic offerings for McCann Worldgroup as SVP, Global Director of Search and Social and as Global Strategy Lead for IPG’s first Emerging Media Lab where she guided marketing for clients such as Citibank, Microsoft, Diageo, and the U.S. Army. “Having consulted with Goodway Group over the last several months, Aimee has been instrumental in helping evolve our relationship with existing Goodway Group clients such as Blackhawk Networks” said Paul Frampton, President CvE, who previously served as CEO of Havas Media Group. “Her extensive experience in partnering with brands to diagnose blockers to growth and build out new capability, along with the tremendous value she has brought us in just a few months made it clear she was the right person to lead CvE’s return to the US.” As Goodway’s consulting arm, CvE will act as a transparent layer over its clients’ business as the advertising and marketing landscape continues to evolve. The company’s expansion into the North American market will play a pivotal role in Goodway Group’s growth strategy which aims to further strengthen the agency’s position as a strategic partner and catchall for their clients’ marketing needs in an increasingly digital world. Through the combination of CvE’s consultative services and Goodway Group’s ever-evolving capabilities, current and prospective clients will receive 360-degree support for all their marketing needs. In her new role, Reker will be responsible for building CvE’s North American presence and brand direct clientele. She will also work closely with Goodway Group’s inaugural Chief Growth Officer, Mike Hayes to develop the company’s go-to-market strategy. “Together Goodway Group and CvE are completely reimagining how brands view the role of marketing in their overall business strategy. I truly believe in their vision and am looking forward to leveraging my expertise in advising agencies, brands, and holding companies on strategically transforming their business operations to grow CvE US throughout North America,” shared Aimee Reker, Managing Director, CvE US. “I am thrilled to work with Goodway Group and CvE in this new capacity and to further their goal of moving marketing to the top of the boardroom agenda by 2029” CvE has seen significant growth over the last two years, doubling in headcount. The company is now expanding its team in both North America and abroad to strengthen Goodway Group’s position as a leader in the industry. About Goodway Group Goodway Group is the digital partner advertisers trust to drive campaign performance and media efficiency. Proud to be completely independently owned and operated, Goodway provides trustworthy expertise that meets its clients’ needs – and no one else’s. Its offerings span performance media across channels, data and analytics, as well as consultative services via its Control v. Exposed (CvE) division. Through the combination of employing the smartest technology and the most experienced people in the industry, Goodway delivers authentic results. Find Goodway Group online at goodwaygroup.com Goodway Group. Honestly Smart Digital. About CvE A New Service Layer Consultancy at the Nexus of Data, Media, and Technology. CvE deploys digital strategy, data, technology, and advisory services that consistently generate measurable business outcomes for brands through a flexible and agile service model, underpinned by trust and transparency. We partner with contemporary, progressive, and ambitious marketers with a mandate to transform their business and create long-term sustainable impact. We support in finding the optimal marketing operating model, cutting across areas including digital acceleration, media in-housing, adtech and martech strategy, agile, analytics, data strategy, identity management, and digital media strategy effectiveness/attribution. Contact Details Kite Hill PR for Goodway Group Patrice Gamble goodway@kitehillpr.com Control v. Exposed Aimee Reker, US Managing Director areker@controlvexposed.com Company Website https://www.goodwaygroup.com/

November 15, 2021 10:00 AM Eastern Standard Time

Article thumbnail News Release

Foresight: Eye-Net to Start Pilot Project with a Leading European Cellular Service Provider

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX), an innovator in automotive vision systems, announced today that its wholly owned subsidiary, Eye-Net Mobile Ltd. (“Eye-Net” or “Eye-Net Mobile”), will begin a pilot project with a leading European cellular service provider. The cellular provider will test the software development kit (SDK) configuration and the performance of the Eye-Net Protect cellular-based vehicle-to-everything (V2X) accident prevention solution and intends to demonstrate it to its business partners. Upon successful evaluation, the leading cellular service provider may offer the Eye-Net solution to its customers, including municipalities, as part of its 5G cellular network solutions suite. “We believe this pilot project indicates a growing interest from cellular companies in Eye-Net’s innovative technology, as another European cellular service provider has chosen to evaluate and conduct technological demonstrations of our solution in order to offer it as a use case for 5G cellular networks,” said Dror Elbaz, COO & Deputy CEO of Eye-Net Mobile. “Our hope is that this pilot will serve as a springboard for offering our solution to smart cities throughout Europe and eventually globally, improving the probability of preventing accidents and saving lives.” The Eye-Net Protect cellular-based V2X solution is designed to protect the most vulnerable road users in real time—including pedestrians, cyclists, scooter drivers and car drivers—by providing collision alerts when the road users have no direct line of sight. Eye-Net Protect is agnostic to cellular infrastructure and seamlessly adapts to the cellular network generation. For more information about Eye-Net Mobile, please visit www.eyenet-mobile.com, or follow the Company’s LinkedIn page, Eye-Net Mobile; Twitter, @EyeNetMobile1; and Instagram channel, Eyenetmobile1, the contents of which are not incorporated into this press release. 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 the cellular provider will test the SDK configuration and the performance of the Eye-Net Protect cellular-based vehicle-to-everything (V2X) accident prevention solution and intends to demonstrate it to its business partners, that, upon a successful evaluation, the leading cellular service provider may offer the Eye-Net solution to its customers, including municipalities, as part of its 5G cellular network solutions suite, that it hopes that this pilot will serve as a springboard for offering its solution to smart cities throughout Europe and eventually globally and that Eye-Net Protect may increase the chances of preventing accidents and saving lives. 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 30, 2021, 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. 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. 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, sensor fusion and dense 3D point cloud that can be applied to diverse 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 Twitter, or join Foresight Automotive on LinkedIn. 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/

November 15, 2021 08:25 AM Eastern Standard Time

Article thumbnail News Release

Developer-friendly platform Haystack grows 35% month-on-month as it launches Enterprise solution

Haystack Analytics

Engineering productivity company Haystack Analytics today reports continued strong business performance as it introduces its enterprise offering less than 6 months after announcing seed funding. Revenues have increased by an average of over 35% month-over-month as demand amongst high-profile customers has grown. Haystack provides a platform providing technology leaders visibility into the software development lifecycle, allowing engineering teams to deliver business value faster and more reliably whilst reducing developer burnout. Companies already using the platform include OutSystems, Cameo, The Economist, AngelList and Indiegogo. Haystack has also secured enterprise deals in highly regulated sectors, including both healthcare firms and large financial services companies. Cofounder and CEO of Haystack Analytics, Julian Colina, said: “It’s certainly been a busy time as we have continued to see growing demand over the past few months. Today, Haystack is helping our customers accelerate software delivery, from biotech to fintech. Our commercial performance has been strong as more elite developer teams have signed up to use our service.” As demand amongst enterprise customers has grown, Haystack has continued to innovate to meet demand. New functionality includes a custom Query Builder, allowing advanced visualization of developer productivity data, alongside the ability to accurately map internal personnel transfers when calculating team performance. Most recently, to assist businesses undergoing digital transformations, Haystack has launched new functionality to accurately track software deployments. This allows developer teams to accurately calculate lead times right to the point where business value is being shipped into production environments. Additionally, Haystack can offer these accurate lead time calculations without the software changes required by other analytics solutions. Cofounder and CTO of Haystack Analytics, Kan Yilmaz, added: “To meet demand as our customer base has moved more upmarket, we have continued to deliver on adding more advanced functionality. With more developers working from home and more customers moving online, Haystack plays an ever greater role in helping our customers achieve successful business outcomes. Our new query engine has allowed our users to access new insights whilst allowing us to ship business value even faster.” About Haystack Analytics Haystack was founded in 2020 by Julian Colin and Kan Yilmaz for tech teams to learn more about roadblocks to their work, improve productivity and importantly identify burnout issues with developers. Haystack helps build elite developer teams by providing engineering metrics and alerts proven to drive performance, improve software reliability and prevent developer burnout. Through their integration with GitHub, Haystack is able to provide live data insights that illustrate the entire delivery process from commit to deploy, being able to highlight bottlenecks like code review and team productivity. Using this feedback loop, Haystack users have increased production deployments by 58% and achieved 70% faster cycle times on average. In June 2021, Haystack announced it had secured a US$1.2m funding round after graduating from Y Combinator’s W21 batch. Contact Details Haystack Analytics Bilal Mahmood +44 7714 007257 bilal@usehaystack.io Company Website https://www.usehaystack.io/

November 15, 2021 08:00 AM Eastern Standard Time

Image
Article thumbnail News Release

Customer Experience and Customer Engagement Market to Surpass $100 Billion in Annual Worldwide Revenue by 2026, According to Dash Research

Dash Network

Customer experience (CX) and customer engagement (CE) initiatives continue to be a major priority for organizations around the world, especially in light of the significant changes and disruptions to customer relationships that emerged as a result of the COVID-19 pandemic. According to a new report from Dash Research, this level of focus is leading to brisk growth in the market for CX/CE technology platforms. “While CX improvements are largely driven by organizational change management, software is increasingly being used to support these initiatives by managing and making available the plethora of customer data that is captured and aggregated from a variety of sources,” says principal analyst Keith Kirkpatrick. He adds that some of the key drivers of market growth include pandemic-related shutdowns and reopening, increased focus on omnichannel customer interaction capabilities, the rise of customer centricity, and the elimination of functional silos within organizations. Dash Research forecasts that global CX/CE revenue will increase from $63.6 billion in 2021 to $100.3 billion by 2026. The market size experienced a 13.5% decline between 2019 and 2020 due to economic effects of the COVID-19 pandemic, but spending has recovered in 2021 and is projected to reach 2019 levels again by the end of 2022. The market intelligence firm forecasts that the top 5 industries in terms of CX/CE spending between 2021 and 2026 will be as follows: Telecommunications Healthcare Financial Services & Insurance Retail Government/Public Sector Dash Research’s report, “CX Market Forecasts”, includes a detailed market sizing and forecast model that focuses on the business-to-business (B2B) and business-to-consumer (B2C) software and services opportunity related to CX and CE. The forecast is split into a variety of segments, based on the world region in which the solution is used, the offering itself, functional area, and industry. The impact of the COVID-19 pandemic, the market drivers and barriers, and insights into four industries that are driving the market spending are discussed in the report, along with recommendations for both end users and vendors. An Executive Summary of the report is available for free download on the firm’s website. Dash Research, the market intelligence arm of Dash Network, provides in-depth research and insights on the worldwide CX market including a comprehensive assessment of technology solutions, business issues, market drivers, and end-user dynamics across industry sectors. Dash Research’s global market coverage combines qualitative and quantitative research methodologies to provide a complete view of emerging business opportunities surrounding contact center technologies, customer data & analytics, customer data platforms, customer insights & feedback, customer relationship management, personalization & optimization, and employee experience. For more information, visit www.dashresearch.com or call +1.720.603.1700. Contact Details Clint Wheelock +1 720-603-1700 press@dashnetwork.com Company Website http://www.dashnetwork.com

November 15, 2021 05:30 AM Eastern Standard Time

Article thumbnail News Release

Agora Data to Present at Used Car Week 2021

Agora

Agora Data’s SVP of Strategic Relationships Jim Bass and SVP of Sales Chris Barry will speak at Used Car Week 2021 in Las Vegas at Red Rock Casino & Spa, November 15-18. During his breakout session at 1:30 p.m. on November 15, Bass will present “Franchise Dealers Can Add the BHPH Marketplace to Their Sales Mix, Increasing Sales & Profits.” New car dealers can substantially expand their vehicle and parts/service sales by adding a Buy Here Pay Here (BHPH) dealership as an affiliated business of their company. When BHPH is an option, dealers enjoy fewer lost sales, fewer trade-ins going to auction, and – most importantly – greater profits. Bass will give real-life examples and walk through the steps a dealer can take today to set up a complementary BHPH sales organization. “The opportunity to create higher sales and profits is always worth investigating. Based on my one-on-one discussions with dealers, I believe it’s not yet common knowledge how much of a boost they can get by entering the Buy Here Pay Here business,” Bass said. “At Agora, we enjoy daily visibility into the inner workings of Buy Here Pay Here dealerships, with access to hundreds of data points surrounding portfolio performance and profitability. If new-car dealers were aware of the true potential of Buy Here Pay Here, I think they would jump at the chance to become their own bank. I’m excited to discuss this in-depth and lay out simple, actionable steps to integrate the Buy Here Pay Here model with an existing business.” Barry will present a breakout session titled "Groundbreaking Changes in Auto Financing to Fuel Growth" at 3:30 pm on the same day. Barry will share highlights about the industry’s first-ever crowdsourced subprime securitizations, which were completed by Agora in December 2020 and again in May 2021. Transformative solutions are now available for accessing funding that can help dealers lower their cost of debt, grow their sales volumes, and even slash prices for the consumer while achieving high profitability. Barry commented, “It’s an exciting time to be a Buy Here Pay Here dealer. In the past, only large franchise dealers and used-car superstores were privy to competitive financing with attractive rates and terms. But today’s environment is different. With revolutionary capital solutions like reducing interest rate lines of credit and crowdsourced securitizations, Buy Here Pay Here dealers can easily level up and compete.” Bass and Barry look forward to discussing Agora’s innovative capital solutions and free-of-charge, in-depth portfolio analytics with Used Car Week attendees. Company representatives will also be on hand at future industry conferences, to be announced soon, where they will continue to share Agora’s mission of empowering BHPH dealers and small to mid-size finance companies. About Agora Data, Inc: Founded in 2017, Agora Data’s platform delivers a suite of tools to empower Buy Here Pay Here dealers and finance companies to maximize their success. Agora is disrupting and influencing the industry by connecting its dealers and finance company members to Wall Street and other capital resources previously only available to large dealer groups. Agora Data’s family of auto finance products provides a wide range of critical funding paths so originators can obtain the cash they need to fuel growth. Powered by Agora’s proprietary, radical, AI-infused technology platform, originators now have access to robust data analytics and planning resources to help optimize the performance of their portfolio. Agora Data made history by closing the first-ever Crowdsourced Subprime Auto Securitization in 2020 and followed that up with its second transaction in early 2021. For more information, visit agoradata.com or contact us at 877-592-4672. Contact Details Shelly Vandeven +1 682-282-4130 media@agoradata.com Company Website https://agoradata.com/

November 12, 2021 09:03 AM Eastern Standard Time

Article thumbnail News Release

Foresight Announces Third Quarter 2021 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight”), today reported financial results for the third quarter of 2021. Foresight ended the third quarter of 2021 with $49 million in cash, cash equivalent and short-term deposits. The Company reported U.S. generally accepted accounting principles (GAAP) net loss of approximately $3.8 million and non-GAAP net loss of approximately $3.4 million for the third quarter of 2021, compared to GAAP net loss of approximately $4 million and non-GAAP net loss of approximately $3.4 million for the third quarter of 2020. “During the third quarter, Foresight achieved several significant milestones as part of our strategy to establish a worldwide network of partners for our stereoscopic vision systems for autonomous and semi-autonomous vehicles,” stated Haim Siboni, Foresight’s chief executive officer. “We launched pilot projects and signed new agreements with partners in multiple regions, including our first proof-of-concept (POC) project within the autonomous drones category. We are seeing widespread and diverse interest in our innovative vision systems, as manufacturers across industries and geographies recognize the need for safety and reliability in the autonomous vehicle revolution. Foresight has also made important progress in our penetration of the Chinese market, as the company began two POC projects with leading Chinese vehicle manufacturers. This quarter we note an important milestone of the Company’s first recorded revenues, from our previously announced paid POC project with a European OEM. POC projects are an essential aspect of our sales cycle, which may lead to design-wins and potential revenues. Over time, we expect the caliber and geographic diversity of our POC partners to lead to significant growth. Our wholly owned subsidiary, Eye-Net Mobile Ltd., also experienced key breakthroughs during the third quarter. Eye-Net Mobile launched pilot projects with leading manufacturers in Europe and Japan, reflecting a significant and expanding market for its vehicle-to-everything (V2X) accident prevention technology.” Third Quarter 2021 Financial Results This is the first quarter that the Company recorded Service revenues amounted to $40,000. The Service revenues were generated from a successful completion of the first milestone of a POC Project with a European vehicle manufacturer. The second milestone of the POC project, expected to be completed successfully in the fourth quarter will entitle the Company to recognize additional amount of $80,000. Research and development (R&D) expenses, net for the three months ended September 30, 2021 were $2,428,000, compared to $2,157,000 in the three months ended September 30, 2020. The increase is attributed mainly to an increase in payroll and related expenses and offset by participation in R&D expenses from the European program Horizon 2020 project. General and administrative (G&A) expenses for the three months ended September 30, 2021 were $975,000, compared to $918,000 in the three months ended September 30, 2020. The increase is attributed primarily to an increase in professional services and in Directors and Officers insurance premium and offset by a decrease in payroll and related expenses. GAAP net loss for the three months ended September 30, 2021 was $3,785,000, or $0.012 per ordinary share, compared to a GAAP net loss of $3,980,000, or $0.015 per ordinary share, in the three months ended September 30, 2020. The decrease in the net loss is attributed mainly to the increase in financing income, net, offset mainly by an increase in payroll and related expenses. Non-GAAP net loss, for the three months ended September 30, 2021 was $3,406,000, or $0.011 per ordinary share, compared to a non-GAAP net loss of $3,420,000, or $0.013 per ordinary share, in the three months ended September 30, 2020. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Balance Sheet Highlights Cash, cash equivalents and short-term deposits totaled $49 million as of September 30, 2021, compared to $14.5 million as of September 30, 2020. GAAP shareholders’ equity totaled $51.9 million as of September 30, 2021, compared to $47 million as of December 31, 2020. The increase is attributed to the receipt of proceeds from the securities offerings completed during the first quarter of 2021 and option exercises, offset by the net loss for the same period. Third Quarter Corporate Highlights: Foresight Completes First Milestone of POC Project with European Vehicle Manufacturer: Foresight successfully completed a feasibility testing phase with a leading European passenger car manufacturer in mid-August 2021, concluding the first phase of a POC project announced by the company in May 2021. The POC project is meant to evaluate the ability of Foresight’s stereoscopic technology to enhance the manufacturer’s existing mono camera-based safety systems without requiring additional sensors and infrastructure and is expected to be completed during the fourth quarter of 2021. Foresight Signs MOU for Cooperation with Global Chinese Vehicle Manufacturer: In early August 2021, Foresight signed a memorandum of understanding (MOU) for a multiphase business cooperation with Wuhu Chery Technology Co., LTD ("Chery"), a global Chinese vehicle manufacturer, and Xuanyuan Idrive Technology Co. Ltd. (“XY"), a subsidiary of Wuhan Guide Infrared Co. (“Guide Infrared"), a leading Chinese developer and manufacturer of infrared thermal imaging systems. The multiphase cooperation will evaluate Foresight’s QuadSight® automotive vision system for its potential integration into advanced solutions for vehicles manufactured by Chery. Upon successful evaluations, the parties will negotiate a commercial agreement for the co-development of advanced solutions integrating Foresight’s technology with XY’s automotive sensors. Foresight Begins POC Project with Leading Chinese Vehicle Manufacturer: Building on the momentum of the company’s MOU with Chery, Foresight launched a POC project with a leading Chinese passenger car manufacturer in August 2021. Following successful completion of the project and a satisfactory outcome, the vehicle manufacturer may consider future cooperation for possible integration into its semi- and fully autonomous vehicles. The POC project is meant to evaluate the stereoscopic capabilities of the QuadSight vision system. Foresight Receives Notice of U.S. Patent: In July, Foresight announced that it received a notice of allowance from the U.S. Patent and Trademark Office for its patent application for the Company’s “multispectral vehicular system for providing pre-collision alerts.” The patent serves as the underlying technology for one of Foresight’s flagship products, the QuadSight automotive vision system. Foresight Enters Autonomous Drone Category with POC Project for Wonder Robotics: In August 2021, Foresight announced that Wonder Robotics Ltd. (“Wonder Robotics”), a startup engaged in the design and development of autonomous systems for commercial and military drones, began a POC project and evaluation of Foresight’s QuadSight vision system. Wonder Robotics will test Foresight’s thermal stereoscopic detection abilities for use in vertical take-off and landing drones to improve their autonomous flight, navigation and landing capabilities. Wonder Robotics will also use Foresight’s automatic calibration solution to ensure that the stereo cameras remain calibrated despite the drone’s vibrations. Eye-Net Launches Pilot Project with Multinational Japanese Company: In July 2021, Eye-Net Mobile announced a pilot project with the IT subsidiary of a multi-billion-dollar multinational Japanese company. The pilot project will evaluate the Eye-Net™ Protect accident prevention solution for possible integration as an application layer into the Japanese company’s car-to-everything (C2X) middleware platform. Eye-Net Mobile Starts European Pilot Project with V-tron: Eye-Net Mobile, announced in early July 2021 that it will collaborate on a pilot project with V-tron B.V. (“V-tron”), a Dutch company developing telematics products and road safety applications for aftermarket use in European fleets and lease cars. V-tron will evaluate the Eye-Net Protect mobile application for possible integration into its onboard units and application services. 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), founded in 2015, is a technology company engaged in the design, development and commercialization of sensor systems for the automotive industry. Through the company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” cellular-based applications. Foresight’s vision sensor is a four-camera system based on 3D video analysis, advanced algorithms for image processing, and sensor fusion. Eye-Net Mobile’s cellular-based application is a V2X (vehicle-to-everything) accident prevention solution based on real-time spatial analysis of clients’ movement. The company’s systems are designed to improve driving safety by enabling highly accurate and reliable threat detection while ensuring the lowest rates of false alerts. Foresight is targeting the semi-autonomous and autonomous vehicle markets and predicts that its systems will revolutionize automotive safety by providing an automotive-grade, cost-effective platform and advanced technology. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, 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 widespread and diverse interest in our innovative vision systems, a significant and expanding market for its vehicle-to-everything accident detection technology, that the Company’s POC projects may lead to design-wins and potential revenues, and the Company’s expectation that the caliber and geographic diversity of its POC partners will lead to significant growth over time, the timing of the successful completion of the second milestone with a European Vehicle Manufacturer, negotiation of a commercial agreement for the co-development of advanced solutions integrating Foresight’s technology with XY’s automotive sensors, that a leading Chinese passenger car manufacturer may consider future cooperation for possible integration into its semi- and fully autonomous vehicles, the expected timing of the completion of the POC project with a leading European vehicle manufacturer, the POC project with Wonder Robotics, a pilot project with the IT subsidiary of a multi-billion-dollar multinational Japanese company, and its collaboration on a pilot project with V-tron. 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 30, 2021, 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. Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC msegal@ms-ir.com 917-607-8654 FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS U.S. dollars in thousands 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/

November 12, 2021 08:25 AM Eastern Standard Time

1 ... 529530531532533 ... 642