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News Release Digital Asset Direct

AI-Driven Media Discovery, Distribution and Monetization Platform VideoXRM Launches Netcapital.com Funding Campaign

VideoXRM

VideoXRM, the pioneering artificial intelligence (AI) driven, B2B video distribution and discovery platform, announces the launch a $500,000 offering on the Netcapital.com digital private capital markets ecosystem. Capital from the offering will be used for the continued development and commercialization of the VideoXRM platform. The minimum investment is $300 and the offering deadline is January 31, 2024. Learn more at: https://netcapital.com/companies/videoxrm Businesses increasingly utilize video and rich media to differentiate their benefits and to reach new audiences, yet most of this complex and unstructured content remains difficult if not impossible to find. VideoXRM brings expanded exposure and ROI to this high value content, that until now, has been virtually inaccessible via conventional search technologies. Utilizing proprietary AI-machine learning technology, metadata, and granular indexing, VideoXRM is able to automatically classify videos, audio, images, etc., enabling unparalleled media discovery. The platform is ideal for company to company and company to investor engagement, news media, researchers, supply chain and procurement managers, M&A sourcing, partnering and benchmarking. VideoXRM’s revenue streams will include promotional services, highly targeted video campaigns and premium content on a pay-per-view and pay-per-subscription basis. Initial revenue is targeted by year-end 2023. VideoXRM CEO, David N. Baker, commented, “Over the past 2 ½ years we have made huge progress building out the platform and business solely with internal funding. Our accomplishments include: Commercial Launch of the VideoXRM Platform Attracting 175 companies and 9,000 videos to the platform, with many content sources in the pipeline. Developing proprietary AI/Machine learning technology to extract video and audio metadata used to classify and index content within 140,000 industry categories. 2 Patents Issued and 3 Pending. “We are launching our Netcapital offering to fund our continued growth and enhancement of our platform. In Q1 2024 we will launch an entirely new aspect of our video platform, providing capabilities that will add substantial additional value for our customers and company. We hope you will join us on our journey to build the most powerful business media distribution and discovery platform to enable the leg of growth in video and rich media communications and commerce.” Connect with us on LinkedIn and Twitter and Facebook. About VideoXRM ( VideoXRM.com ) VideoXRM is an AI-driven, B2B media discovery, distribution, communication and monetization platform that connects corporate rich media content with all potential stakeholders. The platform and smart search technology creates value and knowledge from mountains of unstructured digital media, delivering greater ROI from content investments. VideoXRMâs mission is harnessing the enhanced communicative power of rich media through a new distribution and discovery paradigm. VideoXRM was Co-founded by David N. Baker, who formed Revere Data LLC (Sectorbase) which was acquired by FactSet Data Systems, Inc. His Co-founders are Vadim A. Tarasov, Byron Kwok, and David Guzy. Contact Details Catalyst IR David C. Collins +1 212-924-9800 videoxrm@catalyst-ir.com Company Website https://videoxrm.com

December 08, 2023 08:20 AM Eastern Standard Time

Minuteman Press Franchise Review: King's Lynn Owners Paula & Keith Boyce Share Key Lessons Learned & Growth Insights for 2024

Minuteman Press International Inc

For nearly two decades, Paula and Keith Boyce have been the dynamic duo behind the Minuteman Press franchise in the vibrant town of King's Lynn, Norfolk, UK. Their journey has been nothing short of extraordinary, transforming their business from a traditional high street print shop into a cutting-edge powerhouse, delivering ingenious print solutions to a roster of prestigious corporate clients. The highlight of their journey came in 2021 when they received the coveted invitation to join the Minuteman Press International President’s Club, a testament to their unwavering dedication and relentless pursuit of excellence. Keith Boyce shares the nearly 20-year journey of Minuteman Press in King’s Lynn as well as the key lessons learned, growth insights for 2024, and advice for other owners. History of the Business According to Keith Boyce, “it all began in 2004 with the introduction to Minuteman Press International’s invaluable network of suppliers and partners.” With a focus on marketing, the Boyces conquered new markets, concentrating on delivering unparalleled service that shifted the conversation from price to value. This blueprint for success has powered year after year of remarkable growth, with one notable exception—2021 (during the height of the pandemic). So, what makes Minuteman King’s Lynn such a tour de force? Keith shares, “The system isn't a rigid framework; it's a catalyst for innovation. The transition from the bustling High Street to our present location at 12 Campbells Business Park was a thrilling exercise in adaptability, rooted in Minuteman Press' fundamental principles. Through open channels of communication, our entire team embraced opportunities.” Keith continues, “Then came the curveball – COVID-19. The world changed overnight, and our customers needed novel ways to engage with clients and expand their online presence. We already had a head start serving this market and seized this unique moment, igniting a spark of reinvention in the business, setting us apart from the competition. The reward? A robust financial position to propel us through this thrilling metamorphosis.” Growing the Business Today Today, Keith shares, “Our business is a perfect blend of tradition and innovation. Traditional core products still make up 50% of our operations. However, more recently in 2023 we took a bold leap forward by acquiring an apparel company. The remaining 50% is a whirlwind of online services, with virtual shops, print-on-demand, fulfilment, and drop-shipping at the forefront. These cutting-edge solutions are on everyone's lips as they adapt to the evolving business landscape. In 2023 and beyond, we are elated to provide ‘managed print services’ to 10 customers, with grand plans to expand to 20 in the coming year. The magic lies in the fact that our relationships with these customers evolve into vital partnerships, creating a vibrant ecosystem of success and learning.” What's next for Minuteman Press in King’s Lynn? Keith says, “Thankfully, the close-knit team and deep customer connections put us in a unique position. We know our customers inside and out, and partner ourselves with industry leaders. It's about weaving all these threads into a tapestry of opportunity. The market may throw curveballs, but we have pumped up the excitement in 2023 and heading into 2024 with a multi-channel marketing push. We are covering Google, social media, and a reinvigorated campaign to meet our existing, dormant, and new customers face to face.” Keith continues, “As Minuteman Head Office puts it, there's direct marketing, and then there's everything else! This is the fundamental tenet of our ongoing quest for year-on-year growth. We also strive to achieve this with careful consideration of our environmental footprint and the need to focus on sustainability, which is a big point of focus here in the UK.” Key Lessons Learned & Advice for Others Keith concludes by sharing, “The most gripping lessons we’ve learned in our 19-year journey are that marketing and nurturing new & existing customers is an unending adventure. It's about keeping focus on profitability and aligning your employees with stretching objectives and lofty goals. Innovating, problem solving, establishing new revenue streams, all with a view to support customers’ needs is what being a part of the franchise family is all about—boldly venturing into the unknown, setting sights high, and writing our success story, one thrilling chapter at a time.” For more information on Minuteman Press in King’s Lynn, England, visit https://minuteman.com/uk/locations/england/kings-lynn/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.co.uk Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

December 08, 2023 05:00 AM Eastern Standard Time

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News Release

Revolutionizing trucking safety: Cepton's LiDAR technology takes the wheel for semi safety

Cepton Inc

Cepton, Inc. Senior Vice President of Product Brunno Moretti joined Steve Darling from Proactive to discuss the crucial role of LiDAR technology in enhancing safety within the trucking industry in a recent interview. With a focus on the challenges posed by the sheer size and weight of semi-trucks, Moretti emphasized the need for effective detection systems, especially for autonomous and advanced driver assistance systems. LiDAR, capable of long-distance detection (over 300 meters) of small objects, addresses these concerns by providing comprehensive coverage around the vehicle, creating a protective cocoon. The technology aids in various safety aspects, including preventing trailer sway and jackknifing and ensuring safe parking. Moretti highlighted Cepton's engagement in Request for Quote (RFQ) discussions with major semi companies for autonomous driving applications, indicating a positive response and growing interest in LiDAR solutions. As the trucking industry continues to expand, the integration of LiDAR technology is poised to play a crucial role in promoting safer transportation. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

December 07, 2023 01:59 PM Eastern Standard Time

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Independent Report shows Nano One’s One-Pot Process significantly reduces greenhouse gas emissions

Nano One Materials Corp

Nano One Materials Corp chief operating officer Alex Holmes joined Steve Darling from Proactive to share news the company has announced an independent life cycle assessment of its proprietary One-Pot Process has demonstrated the potential to significantly reduce greenhouse gas emissions. Specifically, this process could lead to a reduction of up to 60% in emissions for the production of nickel-rich NMC811 CAM and up to 50% for LFP CAM. This reduction is crucial in addressing environmental concerns and aligns with global efforts to combat climate change by reducing carbon footprints in various industries. Engineering studies have also shown that the One-Pot Process is highly efficient in its water usage, consuming up to 60% less water compared to incumbent processes. Water conservation is vital for sustainable manufacturing practices, especially in regions facing water scarcity or where water resources need to be conserved for other critical needs. Nano One's breakthrough technology not only contributes to the reduction of greenhouse gas emissions and water usage but also positions the company as a leader in cost-effective solutions for a cleaner global transition to net-zero emissions. As the world strives to achieve sustainability goals, innovations like Nano One's One-Pot Process are instrumental in accelerating progress. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

December 07, 2023 01:14 PM Eastern Standard Time

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Comcast and Mt. Hood Cable Regulatory Commission Commit $2 Million to Shrink Digital Divide in Multnomah County

Comcast Oregon / SW Washington

Comcast and the Mt. Hood Cable Regulatory Commission today announced a new $2 million investment in Free Geek, a leading local non-profit advancing economic equity through technology training and career building. This investment will help the most disconnected communities in Multnomah County get online and receive the resources, devices and technology education needed to advance digital skills for education and work, enhance economic mobility, and promote digital equity. “We see firsthand that the digital divide continues to be a persistent challenge for communities in Multnomah County. East Portland, Gresham, Fairview, Wood Village, and Troutdale are home to some of our most disconnected communities. More than 3,000 residents do not own a computer and many others don’t know how to use it effectively,” said Juan Muro, Executive Director, Free Geek. “This investment will ensure that these families have the same benefits as others and their children have access to online resources to be successful in school.” Free Geek will use the investment to help bridge the digital divide by working to connect more people to the internet and getting devices into the hands of people who need them. In addition, Free Geek will serve as consultants to enable community partners to expand their own digital equity programs in alignment with the region's Digital Equity Action Plan, which is focused on helping the most vulnerable communities in Portland and Multnomah County. "All Oregonians should be able to access the internet in order to connect with educational, health care, and economic opportunities," Governor Tina Kotek said. “Together, with public and private partners, we are working towards a common purpose of empowering individuals to get online, enhance digital skills, and advance economic mobility.” Free Geek will also bring additional capacity to its network of community partners as they work to remove barriers to broadband adoption. This includes addressing the lack of awareness about how to participate in the federal government’s Affordable Connectivity Program (ACP), which provides eligible low-income households with a credit of up to $30 per month toward their internet and/or mobile service – $75 per month on tribal lands, as well as the wider availability of free digital skills programs. “The MHCRC has a long history of advocating for digital equity through access to and use of telecommunications technology through public-private partnerships. We are excited to be able to partner with Comcast and Free Geek to bring this resource to the community at a time when funding and support for local efforts in urban communities is limited,” said Julia DeGraw, Chair, MHCRC. Today’s announcement is the latest example of investment in Oregon under Comcast’s Project UP program, a comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. Earlier this year, the company invested $300,000 to advance digital equity and economic opportunity in the greater Portland area. At that time, Comcast and Free Geek joined together to launch a Lift Zone, which provides free WiFi at the new Center for Technology Education & Digital Equity, and scale a Digital Navigators program that will help connect more people in the area to the internet and teach them how to use it. “While high-speed internet is widely available in Multnomah County, the unfortunate reality is that not everyone has the resources and digital skills they need to benefit from it,” said Comcast Pacific Northwest Region Senior Vice President Rodrigo Lopez. “By continuing our partnership with Free Geek, we are creating a more prepared and inclusive workforce and ensuring that communities in the Greater Portland area are not left behind.” Over the last three years, Comcast has provided $5.8 million in financial and in-kind charitable contributions to Oregon nonprofits. These contributions support local community programs that help establish and promote the company’s Digital Equity Network in Oregon. The efforts also enable partner organizations to acquire technology equipment, provide digital skills trainings, and offer opportunities for community members to explore and train for careers in tech-related fields, or to develop the kinds of technology skills that can help them launch and grow their own businesses. Thanks to the ACP, eligible Comcast customers can get home Internet either through Comcast’s Internet Essentials or Internet Essentials Plus service tiers at no cost, once the federal credit is applied. Internet Essentials customers can also add a line of unlimited 5G cellular data ($45/month) through Xfinity Mobile for as little as $24.95/month, after the ACP benefit is applied. For more information about Project UP and Comcast’s commitment to education and digital equity, please visit https://corporate.comcast.com/impact/project-up. To apply for ACP or Internet Essentials visit www.Xfinity.com/free or www.internetessentials.com or call 1-855-846-8376 for English or 1-855-765-6995 for Spanish. About Mt. Hood Cable Regulatory Commission: Mt. Hood Cable Regulatory Commission represents the cities of Fairview, Gresham, Portland, Troutdale, and Wood Village, and Multnomah County. The Commission is comprised of eight volunteers who represent the communities’ cable communications technology needs and collaborate to ensure the region benefits from cable service franchise agreements. About Free Geek: Free Geek is a Portland-based non-profit organization with a mission to repurpose technology and discover sustainable solutions while providing educational resources. Its ultimate aim is to foster a vibrant community where individuals are empowered to unlock their full potential. Through their dedicated efforts, they strive to transform the world by leveraging technology, sustainability, and education to create a brighter, more inclusive future, where every individual has the opportunity to thrive and make a meaningful impact. About Comcast Corporation: Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Contact Details Rachael Arnold +1 503-924-9272 rachael_arnold@comcast.com Company Website https://oregon.comcast.com/

December 07, 2023 10:00 AM Pacific Standard Time

Kontrolmatik's (IST:KONTR) Milestones in Shaping the Future of Energy and Automation

Kontrolmatik Technologies

In the ever-evolving landscape of green energy and automation, Kontrolmatik (IST:KONTR), a forward-thinking technology conglomerate, stands at the forefront, strategically advancing its initiatives. With a focus on innovation and sustainability, the company's flagship products, Pomega energy storage systems, and Controlix IoT applications, are not only making significant strides domestically but are also gaining recognition on the global stage. Situated in Polatli/Ankara, at the heart of Türkiye, Pomega's energy storage systems feature prismatic Lithium-Iron Phosphate (LFP) battery cells with wide-ranging applications. From solar and wind energy storage to high-power electric vehicle charging stations, industrial machinery, heavy vehicles, marine transportation, and residential power units, these systems showcase versatility and reliability. The company has initiated the first phase of operations by commencing the supply of advanced energy storage systems to industrial facilities and renewable energy power plants. The robust project pipeline involves key entities in Türkiye, signaling a groundbreaking effort towards fostering a more adaptable and environmentally friendly energy supply within the nation. The need to address climate change through energy transition, energy storage and electrification of transportation is driving demand for batteries on a global scale. LFP batteries is the safest type of battery technology because they have less chance of thermal runaway caused by overcharging, internal fault, physical damage and heat. Global LFP battery demand is expected to double by 2028 driven by accelerated transition to renewable energy sources. Responding to the increasing demand for energy storage systems, Pomega plans to expand its current annual capacity from 500 MWh to 3 GWh during 2024, with the support of project financing from local and international banks. The significance of Pomega's energy storage systems on a global scale is highlighted by Kontrolmatik's (IST:KONTR) Chairman, Sami Aslanhan. In an industry typically dominated by battery manufacturing giants headquartered in China, Pomega aspires to become a pivotal player in Europe and its neighboring regions, filling a void left by the absence of representation from Europe, the Middle East, the USA, or Central Asia among the top manufacturers. Ongoing receipt of international certifications, segmented across a diverse array of products, further underscores the Pomega's commitment to quality and international compliance. Expanding its portfolio, Kontrolmatik (IST:KONTR) is poised to establish a mass production facility in Polatlı/Ankara for High Voltage Gas Insulated Switchgear (GIS) under the Kontrolmatik (IST:KONTR) brand. With R&D, engineering, and prototype studies completed, international certification tests are expected to conclude by the 1st quarter of 2024, paving the way for mass production in the 2nd quarter of the same year. This marks a significant stride towards increasing electrification products and services. In a groundbreaking move, Kontrolmatik (IST:KONTR) has entered into a technology transfer and license agreement with Chint Electric Co Ltd for the engineering and production of the 245kV High Voltage Gas Insulated Switchgear. This strategic partnership not only marks a first-of-its-kind in Türkiye but is also poised to contribute substantially to the national economy through import substitution and export potential. Within the automation sector, Kontrolmatik's (IST:KONTR) Controlix is actively engaged in innovative IoT projects, including a remote meter reading pilot project across four metropolitan cities aimed at addressing water leakages in rural areas. The company is also making strides in industrial applications, such as the personnel fall tracking project in a chocolate factory, where Controlix's IoT technology enhances safety measures. In the transportation sector, Controlix has embarked on IoT product development for car-sharing companies, exploring alternative communication methods, in-vehicle network solutions, and vehicle information collection. Meanwhile, in the healthcare sector, the company's delivery of IoT modules and gateways to city hospitals has initiated an emergency monitoring project, enhancing security conditions within healthcare facilities. Controlix's global expansion is evident through the testing of meter reading products in the European market and the provision of solutions to diverse sectors such as healthcare, industrial facilities, hotels, and fuel stations. These ongoing projects exemplify Controlix's commitment to cutting-edge technology, strategic partnerships, and a comprehensive approach to solving challenges in various industries. As Kontrolmatik (IST:KONTR) continues to innovate and expand its horizons, it solidifies its position as a trailblazer in the convergence of green energy and automation, extending its influence from Türkiye to a global scale. Discover captivating details within Kontrolmatik's (IST:KONTR) activity reports https://www.kontrolmatik.com/activity-reports and investor presentations https://www.kontrolmatik.com/presentations About Kontrolmatik Technologies Since 2008, Kontrolmatik Technologies has been providing end-to-end digital solutions in the areas of energy generation and transmission, energy storage and Internet of Things (IoT), developing innovative and green technologies for a sustainable and carbon-neutral planet. Kontrolmatik's core business is brand-independent energy system integration and automation. To date, more than 300 projects have been implemented in over 30 countries in collaboration with supranational financial institutions (World Bank, IFC, EBRD, etc.). Kontrolmatik is listed on the Istanbul Stock Exchange (approx. $1.5 billion market capitalization). Contact Details Kontrolmatik Technologies Natalija Kostrikova +90 536 599 05 77 natalija.kostrikova@kontrolmatik.com Company Website https://kontrolmatik.com/en/

December 07, 2023 11:30 AM Eastern Standard Time

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No Remote Identification, no flying. Remote ID Becomes Mandatory for Drone Pilots in the EU and will reshape the commercial use of drones

Dronetag

Most pilots will need drones equipped with the built-in RID feature or use RID transmitters attached to the drone body. There is not much time left to comply. In its latest official statement, EASA affirmed that RID will become mandatory for all pilots in the EU. All drones flying in the Specific category (advanced operation including BVLOS, over 25 kg drones, dropping material or flying higher than 120 meters, for example) and all drones with class marks operating in the Open category (mostly leisure drone activities and low-risk commercial activities) will be required to operate with an active and up-to-date RID system. There are two ways to satisfy this condition: flying a C-class drone with RID built-in (C1, C2, C3, C5, C6) or retrofitting older drone models with a RID module attached to the drone body. RID technologies allow authorities and any member of the public to identify drones remotely using a smartphone app or dedicated receiver. Identification data transmitted may include the drone’s serial number, operator registration number, remote pilot position or, if not available, take-off point, and drone’s location. The main goal of RID adoption is to enhance the safety of unmanned aircraft systems operations. Dronetag is Ready for the New Regulation For pilots who must purchase the required RID module for their drone to stay compliant in 2024, the Dronetag company has the solution ready. “Our Dronetag Beacon is one of the first devices listed on the EASA website as fully compliant with the new regulation,” describes Lukas Brchl, CEO of Dronetag, what his company offers. According to his words, pilots should not ignore the upcoming change: “To avoid problems that framed the start of RID in the USA earlier this year, drone operators should get their RID module in advance if they want to use their drones in 2024 safely. The production capacities of all suppliers are limited, so my only advice is to act now. Dronetag team put immense effort into scaling production to the maximum, but we already accept orders with deliveries at the end of January 2024.” Dronetag also offers an OEM solution tailored for drone manufacturers, seamlessly integrating Remote ID functionality into newly manufactured drones. The compact and cost-effective DRI module ensures immediate compliance, functioning effortlessly right out of the box. Furthermore, Dronetag extends its support to Drone manufacturers, facilitating the certification process with the EASA and guaranteeing compliance with the latest Remote ID regulations for drone sales within the EU. Devices manufactured by Dronetag offer compliance with new regulations and add advanced benefits for pilots in the form of hi-tech features such as flight logging, live flight data measuring and unmanned traffic management tools, to name a few. The Czech company offers a free, unique multiplatform application as a part of their end-to-end solution. According to customers in the US, Dronetag devices deliver one of the longest battery life on the market, packed in lightweight and miniature yet variable devices. Direct or Network RID? Based on Brchl’s recommendation, the Direct RID modules will be the most suitable devices for most pilots. In the Dronetag portfolio, such a device is called the Dronetag Beacon, which transmits identification data via Bluetooth to the drone's nearby surroundings. Professional pilots might appreciate advanced features offered by Network RID devices like Dronetag Mini, which will be compatible with U-Space operations planned in the near future. American Leader Expanding to Taiwan & Asia-Pacific Region Dronetag is currently active in more than 30 countries on four continents and is already coordinating flights across the globe. After similar FAA regulations for the USA went live in September 2023 ( Enforcement got extended for Six Months, literally hours before the rule efficiency, causing challenges for the whole drone market), Dronetag has become the leading supplier of RID devices for commercial drone operators in the USA. “Dronetag covers 70 % of RID device supplies to the American market. In November 2023, we closed a deal with the Drone Nerds, one of the leading drone distributors in the US, which strengthened our position. And we believe that even European drone pilots will find our devices handy and well-crafted,” shares Brchl. The list of recent successes goes on; Dronetag has also been selected by NATO - Defence Innovation Accelerator for the North Atlantic (DIANA) to its program, where the most exciting innovators developing groundbreaking technologies create more than just innovation; the goal is to bring real positive social impact. Dronetag is a manufacturer of Remote Identification devices and platforms for drone pilots and manufacturers. Its add-on transmitters enrich existing drones with a Remote ID capability, while modules are used by manufacturers who built them directly into their drones' internal circuits. Dronetag devices transmit identification and location data to other airspace participants via the Dronetag App, which offers advanced fleet management tools to professional pilots. The company’s vision of safer airspace relies on innovative unmanned traffic management and digitally visible drones. Contact Details Dronetag Jan Jiroušek jan.jirousek@dronetag.cz Company Website https://dronetag.cz/

December 07, 2023 03:15 AM Eastern Standard Time

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Nextech3D.ai receives AI tool from partner, Amazon, to speed up 3D model approval

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news of a significant development for the company's operations involving its largest customer, Amazon. The integration of a new AI tool into the 3D model production pipeline is set to bring about several benefits. The AI tool's primary function is to expedite the quality assessment process for 3D models. It achieves this by automating and streamlining the quality checks traditionally carried out by the company's team of quality assessors. By reducing the time it takes to assess and validate 3D models, the company can significantly shorten its turnaround time. This improvement in efficiency is crucial for meeting customer demands and delivering products promptly. With the introduction of the AI tool, overall productivity is expected to increase by approximately 35%. This boost in productivity enables the company to handle a larger volume of 3D models efficiently. The automation of quality assessment not only saves time but also reduces costs. Gappelberg mentioned that the tool is projected to cut costs by about 25%, which can contribute to improved profitability. The combination of reduced turnaround time, improved efficiency, and cost savings ultimately results in a more competitive and profitable operation. This, in turn, can drive revenue growth for the company. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

December 06, 2023 01:54 PM Eastern Standard Time

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News Release

Spectra Systems bolsters bottom line with key acquisition of Cartor Holdings Limited

Spectra Systems Corporation

Spectra Systems Corporation CEO Nabil Lawandy joined Steve Darling from Proactive to share news the company has announced a significant acquisition that strengthens its position in the authentication technology sector. The company has added Cartor Holdings Limited to its portfolio in a deal worth $10.5 million. This strategic acquisition is expected to have a positive impact on Spectra Systems' profit margins, particularly in the production of polymer substrates. By integrating Cartor Holdings into the company, Spectra Systems aims to enhance its competitive position in the market, further solidifying its status as a key player in the authentication technology industry. Spectra Systems has been working closely with Cartor for the past two years to develop high-quality conventional and machine-readable polymer substrates. These substrates are essential for various applications, including printing banknotes and security documents for central banks. The acquisition of Cartor Holdings aligns with Spectra Systems' goal of streamlining its production supply chain and delivering top-notch solutions to its clients. This strategic move demonstrates Spectra Systems' commitment to innovation and growth in the authentication technology sector, ultimately benefiting its customers and shareholders alike. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

December 06, 2023 01:20 PM Eastern Standard Time

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