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Axmed raises $2 million to transform access to critical medicines in low and middle income countries

Axmed

For too long, low- and middle-income countries (LMICs) have borne the brunt of global health disparities—accounting for over 80% of the world's population and more than 90% of its disease burden—yet representing a mere 6% of global pharmaceutical revenue. Equitable access to high quality affordable medicines remains a daunting task, and addressing this challenge has never been more critical. Axmed, an innovative two-sided B2B marketplace platform, is taking a bold and meaningful step forward in addressing this disparity with the announcement of a $2 million seed funding round. This investment aims to accelerate the affordability, availability, and distribution of essential and innovative medicines in underserved regions. The fresh investment was led by Founderful and complements an earlier $5 million in grant funding from the Bill and Melinda Gates Foundation, bringing total funds raised to $7 million. These funds will bolster Axmed's expansion, enhancing its engineering and commercial teams and advancing its technology infrastructure to initiate operations in strategically selected markets within Africa and the Caribbean. Axmed's B2B marketplace optimises the procurement process for healthcare providers in emerging and growth markets, catering to public, third sector, and private entities. The platform aggregates demand for both off-patent and patented medicines, creating larger, more cost-effective order volumes for manufacturers while simultaneously enhancing buyer leverage on cost and availability. The platform further streamlines the process by curating and consolidating Requests for Proposals and efficiently mapping out supply logistics. This approach creates a win-win outcome: it lowers the barriers to accessing costly medicines for patients and providers, while enabling manufacturers to expand their footprint in underserved markets. Axmed's founding team brings together a wealth of expertise and dedication, with over 30 years of collective experience in healthcare, finance, and public-private partnerships. CEO Emmanuel Akpakwu, previously Chief Commercial Officer for Novartis AG's Sub-Saharan Africa operations, is joined by Felix Ohnmacht and Sofia Radley-Searle, who have held key positions at Novartis and GSK, respectively. Their united vision is to tackle healthcare inequity head-on. Emmanuel Akpakwu, CEO of Axmed commented: "We are not merely developing a medicines platform; we are creating a bold new vision for the future of medicine accessibility. This vision not only empowers buyers but also unlocks the full potential of growth markets, allowing suppliers to compete effectively.” This seed round propels Axmed into its next phase of strategic expansion, driving significant advancements in building out the engineering and business development teams, whilst preparing the platform for launch. Through targeted deployment of funds, Axmed will enhance its marketplace technology and forge alliances with key healthcare stakeholders to ensure a reliable supply of critical medicines. "We're delighted to back this outstanding team," added Lukas Weder, Founding Partner at Founderful. "The team's commitment and enthusiasm for addressing this important challenge is inspiring. We have every confidence in their ability to reshape the $140 billion LMIC pharma market, improving access to medicines for over 6 billion individuals. " Axmed's mission extends beyond technology; it's about forging critical partnerships and ensuring a steady flow of crucial medicines to those in need. Despite LMICs' small share of the global pharmaceutical market, they represent a burgeoning $140 billion sector, with Africa alone accounting for over $43 billion in pharmaceutical opportunity. The urgency for accessible and affordable healthcare solutions has never been more evident, especially in the wake of the COVID-19 pandemic, which highlighted the need for a coordinated and sustainable medicines marketplace tailored to LMICs. "Industry leaders and healthcare providers are aligned in their support for Axmed's model, recognizing its potential to significantly enhance medicine accessibility in Low and Middle-Income Countries. "Axmed's approach could fundamentally change how patients obtain treatments," remarked Roselyne Opel, Head of the Organisation of Eastern Caribbean States Pooled Procurement Initiative (OECS PPI). "We look forward to seeing their platform reshape access, empowering buyers and strengthening supply of lifesaving therapies to a broader patient base." James Nyamongo, CEO of the Nairobi Hospital, Kenya added: “Axmed’s approach not only empowers us to gain access to life-saving medicines affordably, it also fosters real competition that raises the quality bar, bringing the highest quality local and global manufacturers to our doorstep”. Thibaud Lefort, Head of Operations for Sanofi’s Global Health Unit, added: "Axmed’s model presents a powerful opportunity to deliver much needed positive change across global health. We are eager to see their platform transform the access landscape, improving supplier-ability to reach more patients with lifesaving therapies, especially in underserved environments” As the deadline for the UN Sustainable Development Goals approaches, Emmanuel Akpakwu reaffirms Axmed's commitment: "We are driven by the belief that radical solutions are necessary to build on the progress being made across the various facets of global health. Axmed represents such a solution, and we are eager to make a positive, lasting impact on the world." About Axmed Axmed is an innovative healthcare venture focused on transforming access to medicines across low- and middle-income countries (LMICs). Through its robust digital platform, Axmed operates a two-sided B2B marketplace that bridges the gap between pharmaceutical manufacturers/suppliers and healthcare providers, ensuring a steady, affordable supply of critical medicines. By leveraging technology, strategic partnerships, and a deep understanding of the unique challenges faced by LMICs, Axmed is committed to fostering sustainable health outcomes and accelerating global health equity. About Founderful Founderful is Switzerland’s leading pre-seed fund. We give every founder our deepest understanding and highest levels of support, and together, we’re building the future of the Swiss startup ecosystem. Contact Details Axmed Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.axmed.com/

May 08, 2024 08:00 AM Eastern Daylight Time

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5thScape Lists "MMA Cage Conquest" on Meta Store: Step into the Ultimate Virtual MMA Arena

Spark Metro PR

Mixed Martial Arts fans and enthusiasts, your virtual fighting dreams have arrived! 5th Scape delivers a transformative experience with "MMA Cage Conquest," stepping far beyond traditional fighting games into true sensory immersion. Step into the iconic MMA cage, feel the roar of the crowd and become the champion you always envisioned. The 5thScape Project is an ambitious venture that aims to create a comprehensive Virtual Reality ecosystem. In this VR ecosystem many developers, gamers and experts from various industries can collaborate. This is a VR gaming studio startup in which they focus on developing games, movies, animations etc. Apart from this, they are also planning to launch a special VR headset and a VR Chair which is an ergonomically perfect chair for long gaming sessions. Now, coming back to the MMA Cage game, - "MMA Cage Conquest" redefines virtual combat. Its skill-based system demands true martial arts strategy along with honed reflexes. Learn and master strikes like a real-life wrestling professional. It includes (not limited to) powerful grappling throws and the intricacies of ground control to secure your victories. Feel the impact of every blow, the thrill of a perfectly executed submission, and the tension of a match fought on the razor's edge. Training lies at the heart of "MMA Cage Conquest." This journey transcends button-mashing and enters the realm of personal development. Start as an eager underdog, mastering the fundamentals through rigorous simulations. Refine your striking, defense, and ground game, tracking your progression and building unshakeable confidence. With each session, you don't just play the game – you live the fight. MMA Cage Conquest is all set to make gaming experiences more vigorous and a powerhouse for the senses. Feel the rush in your bones as you climb the leaderboards, and establish yourself as the ultimate MMA cage conqueror. Ready to unleash your inner champion? "MMA Cage Conquest" will be available on the Meta platform. Submitted for listing on May 2, 2024, the developers await approval. Visit 5thscape.com for trailers, release updates, and the latest news on your journey to become the undisputed MMA Cage conqueror. Contact Details 5th Scape 5th SCAPE Team +1 302-597-6768 team@5thscape.com Company Website https://5thscape.com

May 08, 2024 06:18 AM Eastern Daylight Time

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AdvicePay Promotes Kelsey Lewis to President

AdvicePay

AdvicePay, the industry-leading platform for processing payments and overseeing compliance of fee-for-service financial planning, announced today that it has appointed Kelsey Lewis as President, promoting the former Head of Customer Success to the No. 2 position at the company, where she will closely collaborate with founder and CEO Alan Moore to execute on his vision. Lewis joined AdvicePay in December of 2021 as the firm’s first Head of Customer Success and helped build the team and systems that ensure AdvicePay is delivering on its promises to customers. In that role, Lewis worked with many of the industry’s largest RIAs and broker-dealers, overseeing customer success and support efforts, including onboarding, relationship management, and solutions consulting. Her efforts helped AdvicePay achieve a 36% increase in transaction volume while maintaining a 100% enterprise customer retention rate. “After conducting a thorough search that included internal and external candidates, the board unanimously agreed that Kelsey is the right person to help lead this company into the future,” Moore said. “Kelsey has been a key contributor to AdvicePay’s leadership team, and this promotion reflects her commitment to our customers and her passion for furthering AdvicePay’s strong culture and mission. I look forward to working with her to create a blueprint for delivering on our ambitious growth strategy as industry and consumer demand for fee-for-service planning continues to grow over the next several years.” In her new President role, Lewis will serve as an Integrator, overseeing day-to-day company management and ensuring all departments are working closely to execute on the strategic goals of the company. She will also serve as the highest point of escalation for customers. “I am incredibly, deeply honored to take on this new role at AdvicePay, a company whose core values resonate deeply with me.” Lewis said. “Having spent most of my career in a customer-facing role, I am acutely aware of their needs and priorities. We are serving more advisory firms than ever, and by elevating me to this important leadership position from being Head of Customer Success, AdvicePay and its Board are demonstrating their customer-centric focus and commitment at the highest level. I am committed to nurturing the collaborative and people-first culture of AdvicePay as we continue to grow.” Before joining AdvicePay, Lewis held positions as the Director of Operations at a consumer goods company, and before that, was the Director of Client Experience at a learning management software company. Lewis earned her MBA from the University of Utah – David Eccles School of Business. She graduated with a Bachelor of Science degree in marketing from Westminster University. About AdvicePay Established by well-known financial advisors Michael Kitces and Alan Moore, AdvicePay is the industry-leading platform for overseeing the compliance, delivery, and payment processing of fee-for-service financial planning. Financial services firms and their advisors benefit from efficient workflows designed exclusively to support their fee-for-service financial planning revenue, including up-to-date compliance and data security management, all in one unified platform. Contact Details Shannon Beck +1 406-412-2047 media@advicepay.com Company Website https://advicepay.com/

May 08, 2024 06:00 AM Eastern Daylight Time

Raboo (RABT) Predicted to Skyrocket 100x as Ethereum (ETH) and BNB Whales Flock to Buy

Total Media

The crypto market is finally heating up again after Bitcoin stumbled out of the gates in May, taking the rest of the market—including BNB and Ethereum price—down with it. Ethereum and BNB appear to have turned the corner, hinting at a recovery around the bend. However, investors looking for the next 100x gains are investing in low-cap gems and presale opportunities like Raboo with MAJOR legroom to run in this crypto market cycle. With its presale token price of just $0.0042 and prospects of a legitimate shot at a 100x surge, Raboo is one of the top investment opportunities of the year. BNB continues to have a strong performance BNB has been one of the best performers so far in 2024, with the native token of the Binance Chain ecosystem coming within earshot of retesting its 2021 all-time highs of $686 earlier in Q1 2024. BNB’s current run is nothing short of spectacular after hitting its nadir in late 2023 when a series of setbacks and intensified regulatory pressure saw its prices plummet all the way to $205. Crypto market analysts believe BNB could be in line to once again retest its previous ATH this year—but investors looking for larger gains are looking elsewhere given BNB’s staggering $86.9 billion market cap. Ethereum price back to $3,000 after stumbling out of the blocks in May Ethereum plummeted to $2,800 to start off the month, no doubt bringing ETH holders who bought at higher levels in March and April to a state of apoplexy. That’s not to mention the fact that Ethereum has largely underwhelmed compared to Bitcoin, which has already minted a new all-time high. The Ethereum price action hasn’t come close to retesting its ATH of $4,878 set in 2021, indicating that the Layer-1 blockchain platform is losing serious market share to newer and better contenders. ETH bulls have their work cut out for them if Ethereum has any hope of minting a new ATH in the next crypto market bull cycle. Raboo: AI and SociaFi meme coin thrills presale participants Raboo is fast becoming one of the biggest presale investment opportunities of the crypto market in 2024, raising over $1 million and currently in stage 3 of its presale. Thus far, Raboo has already drawn over 5,200 presale registrants, indicating the massive traction that the AI SocialFi meme coin has generated. Raboo introduces a level of SocialFi utility and AI sophistication never before seen in meme coins by rewarding holders that leverage its meme generation platform to create and distribute memes across internet verticals. In doing so, the Raboo community grows its user base and pumps up demand and prices for its native RABT token. Conclusion Crypto market observers are forecasting anywhere between a 50x to a 100x gain for RABT in 2024 once it launches and lists on major exchanges, making Raboo’s current price of $0.0042 a steal. With its value proposition and low market cap, analysts predict Raboo will easily outperform BNB and Ethereum price actions within the next 12 months. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

May 07, 2024 04:00 PM Eastern Daylight Time

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Bitcoin Bull Trap Looms: BTC at Risk, Investors Choose Ondo and Low Cap Crypto Raboo

Total Media

The landscape of low cap crypto is known for its volatility and potential for substantial gains, drawing investors keen on discovering the next big winner. As the market evolves, understanding the dynamics of bull traps—situations where a declining trend appears to reverse but then continues to drop—becomes crucial. In this environment, Raboo emerges as a promising contender. Its recent presale success and unique approach in the meme coin sector offer a refreshing alternative to the typical pitfalls of speculative investments. Bitcoin (BTC): The Gold Standard of Cryptocurrency Bitcoin (BTC), the original cryptocurrency, remains a dominant force in the digital currency market. Known for its decentralized nature and pioneering blockchain technology, Bitcoin has set the standard for security and transparency, influencing countless other cryptocurrencies. As a store of value, often referred to as 'digital gold,' Bitcoin's appeal lies in its scarcity and widespread recognition. However, Bitcoin's position as a high cap crypto also makes Bitcoin susceptible to significant price fluctuations, which can resemble a bull trap scenario where investors might buy during a temporary price increase only to see values drop suddenly. This might drive investors towards more agile and cost-effective low cap crypto alternatives to Bitcoin in the rapidly evolving market. Ondo (ONDO): A Newcomer in Decentralized Finance Ondo Finance offers decentralized finance (DeFi) services that aim to lower the barriers to institutional access to decentralized liquidity pools, fostering a bridge between traditional finance and DeFi. With Ondo's innovative approach, Ondo facilitates a variety of investment strategies that cater to different risk tolerances, aiming to enhance the efficiency and accessibility of crypto investments. Despite these innovations, Ondo, as a low cap crypto, faces considerable risks. The complexities and relatively untested nature of DeFi can lead to significant challenges, including the risk of smart contract vulnerabilities and regulatory uncertainties. Moreover, during volatile market periods, the price of ONDO might experience sudden and sharp declines that could resemble bull trap price actions. Raboo (RABT): Navigating the Waters of Low Cap Crypto Raboo is redefining the low cap crypto landscape with a presale success that swiftly pushed its value to $0.0042, highlighting strong investor confidence. Already garnering over $1 million, Raboo stands out through its innovative integration of AI technology and SocialFi elements, which significantly enhance user engagement and provide financial incentives within its ecosystem. This strategic combination not only entertains but also monetizes user participation through creative meme creation. Raboo's approach sets it apart as a significant contender in the evolving crypto market, aiming to attract a broader audience with its unique blend of technology and community-driven incentives, promising a new era of digital interaction and economic opportunity. Raboo as a Solid Bet Amidst Low Cap Crypto In a market rife with uncertainty and the ever-present risk of bull traps, Raboo demonstrates robust market confidence and establishes itself as a leading investment in the low cap crypto category. Unlike many fleeting trends susceptible to sudden downturns, Raboo's integration of AI with SocialFi dynamics presents a sustainable growth model. This makes Raboo the preferred choice for investors looking to capitalize on innovative cryptocurrencies with tangible community engagement and real-world utility, positioning it as a top contender for enduring value. You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

May 07, 2024 02:41 PM Eastern Daylight Time

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Ocean Power Technologies Advances Maritime Domain Awareness Solution with Successful Demonstrations

Ocean Power Technologies Inc

Ocean Power Technologies CEO Philipp Stratmann joined Steve Darling from Proactive to share exciting news with Proactive regarding the company's recent achievement in completing multiple offshore demonstrations for potential customers of its Artificial Intelligence-capable Maritime Domain Awareness Solution, Merrows. These demonstrations were conducted utilizing OPT's Next Generation PowerBuoy, marking a significant milestone in showcasing the solution's capabilities to key stakeholders. Stratmann emphasized that these successful field demonstrations position OPT uniquely, allowing the company to demonstrate the fully functional Intelligence, Surveillance, and Reconnaissance (ISR) capabilities of the PowerBuoy directly to potential customers. By bypassing traditional paper studies and accelerating the sales cycle, OPT demonstrates its commitment to providing innovative and practical solutions to meet evolving maritime security needs. The Next Generation PowerBuoy, designed with survivability and cybersecurity in mind, offers a secure and reliable platform for collecting actionable intelligence in maritime environments. With the ability to securely connect to the Merrows solution from anywhere in the world, OPT provides customers with real-time insights and situational awareness to enhance maritime security operations. Furthermore, OPT's solution is designed to integrate seamlessly with Advanced AI systems, leveraging data generated by the PowerBuoy to feed into Large Language Models and other AI technologies. This integration enhances the effectiveness of maritime surveillance and enables proactive decision-making to address emerging threats and challenges. Looking ahead, OPT is scheduled to conduct further demonstrations for additional potential customers, including overseas prime contractors, in the coming weeks. These ongoing efforts underscore OPT's commitment to advancing maritime security capabilities and delivering innovative solutions to meet the evolving needs of the maritime industry. Contact Details Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

May 07, 2024 12:08 PM Eastern Daylight Time

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StreamLayer and Kaizen Partner to Transform the Betting Experience

StreamLayer

StreamLayer, an audience engagement technology company focused on transforming the live sports viewing experience across mobile devices and CTVs, is bringing interactive viewing to Kaizen bettors worldwide. The partnership extends across 12 countries on three continents, accommodates seven different languages, and is already delivering impressive results. StreamLayer’s next-generation video engagement and monetization solution enables streaming platforms—including media companies, leagues, and increasingly, sportsbooks—to transform their live content into highly engaging interactive viewing experiences. This innovation drives subscriber growth, reduces churn, and significantly expands monetizable opportunities. Having been utilized during some of the largest live-streamed sporting events on record, StreamLayer’s technology consistently generates substantial boosts in viewing times and other key engagement metrics. Now, for the first time, StreamLayer and Kaizen are leveraging this technology to give sports bettors compelling reasons to stay engaged on their apps during live games, thereby increasing user sessions and, consequently, overall handle. "Until now, sportsbooks have struggled to retain users in their apps once the game begins, missing out on a tremendous monetization opportunity between the kickoff and final whistle," said John Ganschow, CEO of StreamLayer. “Kaizen has been at the forefront of addressing this challenge, so we’re incredibly proud to partner with them and bring our proven technology to the betting industry for the first time.” View promotional video here. StreamLayer is revolutionizing the economic model for OTT providers around the globe. The Company’s proprietary Video Engagement Operating System (VEOS) enables content programmers and broadcast rights holders to transform linear streaming video feeds into highly monetizable interactive viewing experiences, seamlessly integrated into their own native app environments to facilitate valuable first-party data collection. StreamLayer is headquartered in Chicago, IL. Contact Details StreamLayer John Ganschow +1 312-543-0488 john@streamlayer.io Company Website https://www.streamlayer.io/

May 07, 2024 10:19 AM Central Daylight Time

mimic joins the race to develop the first AI-driven collaborative robot, as it raises $2.5M

mimic

The race to develop the first commercially available humanoid robot has been primarily concentrated in the US – until now. mimic, a Switzerland-based startup, is challenging US dominance and joining the robotics race to be the first to take a robotic arm and humanoid hand combination to market using generative AI, as it raises a pre-seed round of $2.5M. mimic’s $2.5M round is led by early stage Swiss investor Founderful, together with participation from German-based fund another.vc, UK-based Tiny.vc and an all-star lineup of specialized angel investors. Spinning out from the research university ETH Zurich, mimic was founded by researchers Elvis Nava, Stefan Weirich,Stephan-Daniel Gravert and Benedek Forrai in 2024. The founding team were working at the intersection of robotics and AI under Professor Robert Katzschmann’s Soft Robotic Labs when they became increasingly convinced that the latest developments in large scale generative AI models would upend a multitude of industries, beyond just language and image generation. The team set out to develop a foundation model for robotic manipulation and quickly realized how much value their idea held to revolutionize the way robotics fit into our everyday lives and economy. Today, global labor shortages are rocking businesses across multiple sectors and employers are struggling to find, hire and retain workers. Against the backdrop of a pronounced shift in work preferences, like reduced hours and enhanced flexibility to work from home, labor shortages are especially severe in the case of menial, repetitive, and demanding manual tasks. mimic plans to ease these shortages with dexterous, human-like robotic hands that fit seamlessly into existing manual labor workflows, driven by state-of-the-art AI models trained directly from human demonstrations. “Most use cases are stationary and do not require a full humanoid robot with legs. That’s why we focus data-collection and hardware ingenuity on a universal robotic hand that is compatible with off-the-shelf industrial robotic arms for positioning.” says co-founder Stephan-Daniel Gravert. This solution will enable a robot with humanoid hands to understand and imitate any behavior, simply by watching a human perform it. This marks a departure from conventional robotic solutions, which focus on being purpose-built for narrow use cases. Since each use case requires expensive ad-hoc engineering and comprehensive pre-programmed movements, robots are only able to complete the narrowly specific task they are designed for. In contrast, mimic is developing robots with a unified, general purpose approach to achieve a variety of tasks with a single robot design. “We designed our robot to mimic a human hand so it fits in our world, instead of re-designing the world to fit with our robot,” says co-founder Elvis Nava. mimic’s robots will be powered by a foundation AI model, meaning they will be able to reason and understand the physical world. The downstream effect is that robots can execute tasks with minimal demonstrations and without requiring expensive, complicated programming by engineers for each new task. These robots are designed for any industry employing workers in repetitive but hard-to-automate tasks involving complex motor skills. Already, the team has been approached by a wide range of initial customers, from supermarkets, industrial baking and gastronomy to manufacturing, recycling and pharmaceutical lab automation. “Conventional automation leaves a huge gap of tedious, low to medium volume manual labor tasks that often fall under the table because they are too complex or not economical to automate. For companies from retail to manufacturing, it becomes increasingly harder to find the right staff for these tasks. Taking AI-driven robotic manipulation to the next level, we can now address these challenges with unparalleled flexibility and ease of use”, says co-founder Stefan Weirich. Humanoid AI and robotics companies are exploding in popularity. According to Goldman Sachs, the global market for humanoid robots could reach $38 billion by 2035. mimic is planning to keep ahead of the competition by collaborating closely with industry clients to develop solutions for the real world while staying laser-focused on platform-agnostic manipulation and hands rather than building an entire humanoid robot. Alex Stöckl, founding partner at Founderful, commented: "We were impressed by mimic's technology and vision. We believe that the market for AI driven robots is going to grow exponentially, and we will see these robots gain widespread adoption very soon". Looking forward, the team will spend the coming months further developing their robot and AI model to prepare for mimic’s official product launch this year. “In the robotics space, adopting general-purpose AI techniques can solve a nearly infinite amount of real-world problems. This approach is so far only constrained by the limited availability of robot training data. We are changing that,” says Elvis Nava. About mimic mimic creates practical and intuitive robots that make life easier for everyone. Originating in a cutting-edge research project at ETH Zurich, the team combines expertise across AI research and engineering disciplines, as well as business strategy. mimic builds embodied intelligence scalable AI models for universal robotic manipulation. It's solutions help to intuitively automate the most complex and tedious manual labor tasks from retail to manufacturing. For more information please visit mimic | Embodied Intelligence (mimicrobotics.com) About Founderful Founderful is Switzerland’s leading pre-seed fund. We give every founder our deepest understanding and highest levels of support, and together, we’re building the future of the Swiss startup ecosystem. Contact Details mimic Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.mimicrobotics.com/

May 07, 2024 08:00 AM Eastern Daylight Time

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Birmingham Airport Chaos Highlights Dire Need for Improved Security

MarketJar

Birmingham Airport faced chaos last week as travelers encountered significant delays and some missed flights due to a 'technical issue' at security during peak departure times. 1 Reports of distress emerged, with one individual collapsing amid the turmoil, leading to descriptions of the situation as a "disaster" and an "absolute shambles." The airport acknowledged that the security problem worsened the already busy schedule, severely impacting operations. Travelers took to social media to express frustration and disappointment. One person described queuing for two hours, only to miss their flight as Ryanair departed on time with a half-empty plane. Roger Burton, a local from Redditch, missed his flight despite arriving three hours early, highlighting the challenges faced by elderly passengers. Another passenger noted the sluggish queues, waiting for 80 others trapped in the winding lines. One traveler criticized the airport's handling as "absolute shocking incompetence." Criticism persisted as passengers observed the stark contrast between the crowded security area and the empty post-security zone, pointing out the airport's inability to efficiently handle passenger volume. The spokesperson for Birmingham Airport expressed regret over the inconvenience caused by the technical issue, apologizing for the subpar service. Ongoing construction and the transition to a new security area, contributed to passenger challenges. The chaos at Birmingham Airport closely follows a shocking report from the US Transportation Security Administration. The report reveals at least 300 instances of people bypassing parts of airport security since March 2023, 2 prompting the administration to continue its efforts to bolster security, which includes a $3.8 million contract with AI security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) for its advanced security solutions that can detect concealed weapons in high-traffic areas like airports, stadiums, and schools. Liberty Defense offers multi-technology security solutions for concealed weapons detection in high-volume foot traffic areas and locations requiring enhanced security, such as airports, stadiums, and schools. The company’s HEXWAVE product, licensed from Massachusetts Institute of Technology (MIT), provides discrete, modular, and scalable protection with layered, stand-off detection capability for metallic and non-metallic weapons. Liberty has successfully deployed HEXWAVE across various market verticals, including aviation, courthouses, national labs, prisons, and government facilities. Liberty Defense Expands HEXWAVE Deployment to a Major Airport in Canada In April 2024, Liberty Defense ’s HEXWAVE™ product received formal equipment authorization approval from Innovation, Science, and Economic Development Canada (ISED). This milestone signifies a significant achievement for Liberty 's ultra-wideband technology. With this certification, the company can deploy HEXWAVE for commercial and government applications across Canada. On May 6, Liberty Defense Holdings Ltd. (TSXV:SCAN)(OTCQB:LDDFF) announced the shipment of multiple commercial HEXWAVE units to a major airport in Canada. HEXWAVE surpasses legacy security systems by detecting a wide array of materials, including metal and non-metal threats, liquids, powders, plastic explosives, and 3D-printed ghost guns. Bill Frain, CEO of Liberty Defense, explained the technology behind HEXWAVE, which uses millimeter wave, advanced 3D imaging, and AI for comprehensive screening. Frain highlighted HEXWAVE's efficiency in processing high volumes of passengers without requiring them to remove everyday items like wallets. The system's mobility enables the airport to swiftly deploy and relocate HEXWAVE units as needed, both indoors and outdoors. Liberty Defense is also expanding its international base, recently shipping commercial units of its HEXWAVE™ system to Amsterdam in the Netherlands and Subic Bay Airport in the Philippines. Click here for more information about Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF). [1] https://www.coventrytelegraph.net/news/local-news/birmingham-airport-chaos-passengers-miss-29085692 [2] https://www.washingtonpost.com/travel/2024/04/04/airport-security-tsa-stowaway/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Liberty Defense Holdings Ltd. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-scan. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Liberty Defense Holdings Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Liberty Defense Holdings Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Liberty Defense Holdings Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Liberty Defense Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Liberty Defense Holdings Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Liberty Defense Holdings Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 06, 2024 09:00 AM Eastern Daylight Time

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