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Nextech3D.ai upgrades platform with new offering of 3D Model-AI Photo Rendering Services

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to unveil an exciting new addition to the company's offerings: Digital Photography and dynamic product visuals as part of its 3D model solutions. This enhancement means that every 3D model created by Nextech3D.ai will now be accompanied by stunning 2K, 4K, or even 8K photos, catering to the needs of its ecommerce customers. Gappelberg explained to Proactive that this innovative AI tool is poised to drive significant revenue for the company. With each product listed for sale on an ecommerce platform requiring a minimum of six 2D photos, Nextech3D.ai is well-positioned to capitalize on the growing demand for high-resolution images while simultaneously enhancing the value proposition of its 3D modeling business. The company has already secured agreements with 10 existing customers for its digital photography offering, representing over 6000 high-quality digital photos. This offering will be available both as part of a comprehensive 3D model bundle and as a standalone product, catering to clients who already possess a 3D model and those seeking to tap into the ecommerce imagery market. Nextech3D.ai's analysis indicates that creating and rendering 3D models is more cost-effective than traditional product photography, particularly for items that are expensive to produce or challenging to photograph in real-life settings. With 3D models, products can be easily manipulated and rendered from various angles without the need for physical prototypes or multiple photoshoots, offering unparalleled flexibility and efficiency. As Nextech3D.ai continues to innovate and expand its suite of offerings, investors can anticipate further growth and market penetration in the burgeoning field of ecommerce visualization solutions. With its unique combination of cutting-edge technology and customer-centric approach, Nextech3D.ai is poised to revolutionize the way products are showcased and sold online. Stay tuned for more updates as the company continues to push the boundaries of ecommerce imaging technology. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

April 18, 2024 12:39 PM Eastern Daylight Time

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Wormhole Foundation Awards Contributor Grant to Supranational for Wormhole ZK Hardware Acceleration

Wormhole Foundation

Wormhole Foundation, steward of the Wormhole interoperability platform, today announced the awarding of a Contributor Grant to Supranational, a renowned innovator in hardware-accelerated cryptography. The collaboration between Supranational and Wormhole contributors aims to enhance the Wormhole protocol's efficiency and security through ZKP hardware acceleration. This partnership focuses on reducing time and costs associated with creating 'light-client' proofs, crucial for trustless transfers between blockchains. Supranational will leverage its CPU and GPU acceleration expertise to minimize proof generation latency, enhancing Wormhole ZK's cross-chain interactions. “We're excited to team up with Supranational to continue increasing security and trustlessness in the Wormhole platform,” said Dan Reecer, Wormhole Foundation Co-Founder & Chief Operating Officer. “By accelerating zero-knowledge proofs through hardware, we're not only boosting efficiency and security but also laying the groundwork for faster scaling to support more blockchain connections for Wormhole.” Supranational designs and develops hardware-accelerated cryptography for verifiable and confidential computing. The team has decades of experience in algorithmic optimization, and their work spans across CPU, GPU, FPGA, and ASIC computing platforms. In particular, the team is focused on developing open source, permissively-licensed, and production-grade cryptographic libraries. One of the most well-known examples of these libraries is blst, a high-performance and high-assurance implementation of BLS signatures. This library is currently used by blockchain networks, including Ethereum, Optimism, Aptos, Sui, and more. Blockchain protocols leverage this library to help them securely scale their consensus protocols and the library currently helps to secure over $100B of assets. In addition to their work on the cryptography powering consensus and asset management, Supranational also develops hardware acceleration for emerging cryptographic techniques such as zero-knowledge proofs (ZKPs). For example, their open source library, sppark, is used to accelerate the core primitives of SNARKs and STARKs with high-performance GPU implementations. This library is currently used by the Filecoin protocol and helps to generate over 75% of the ZKPs in the blockchain space. In addition to Filecoin, the library is also used by other leading verifiable and privacy preserving protocols such as Aleo, Risc0, and more. About Wormhole Foundation Wormhole Foundation is the steward of Wormhole - the world’s first generalized messaging protocol. Our mission is to empower passionate people in the research and development of blockchain interoperability technologies. Through grants, research, and ecosystem programs, we seek to enable teams to build secure, open-source, and decentralized products within the Wormhole ecosystem. If you’re interested in helping achieve our mission, contact us at hello@wormhole.foundation. About Supranational Supranational designs and develops hardware accelerated cryptography for verifiable and confidential computing. The team has decades of experience in algorithmic optimization across CPU, GPU, FPGA, and ASIC platforms. Accelerated cryptography developed by Supranational is currently in production in blockchain networks such as Ethereum, Optimism, Filecoin, Aptos, Sui, Chia, and more. For more information, visit https://www.supranational.net/ or e-mail hello@supranational.net. Contact Details Wahaj Khan +1 630-935-7684 wahaj@dittopr.co Company Website https://wormhole.com/

April 18, 2024 10:00 AM Eastern Daylight Time

QuantaSing (NASDAQ: QSG) Sets Its Sights On Global Expansion, Leverages Kelly’s Education Buy To Build Awareness In Hong Kong, U.S. And Beyond

QuantaSing

By Meg Flippin, Benzinga QuantaSing Group Ltd. (NASDAQ: QSG), one of the largest providers of online education for adults in China focusing on both the learning and personal interest markets, is in growth mode, gearing up to expand internationally and into new markets. The company has a strong reputation in China thanks to its use of upcoming and cutting-edge technology, including livestreaming and artificial intelligence, to provide seniors with easy-to-understand, affordable and accessible online courses. It’s capitalizing on the aging population in China, which is growing at such rates the World Bank designated it a “ super-aged society. ” Revenue and subscribers for the company were up double-digits in the most recent quarter, and QuantaSing wants to replicate that success in the U.S. It's a big market to go after – as of 2022, there were 58 million Americans aged 65 and older. By 2050, that’s projected to grow to 82 million, a 47% increase. Expanding Its Global Footprint Into New Markets To that end, QuantaSing has been busy in the States, spending two weeks traversing the country from New York to San Diego, meeting with investors and key stakeholders to tell its story, plot its expansion and set the groundwork to forge new partnerships. The meetings have proven fruitful with QuantaSing reporting it will announce further developments in the coming weeks and months. As part of its vision for the future, QuantaSing is not just targeting seniors with its global expansion plans. It’s also banking on Kelly’s Education ’s success. QuantaSing bought the Hong Kong-based online language education platform last fall, giving it a presence in the global online education market and the language learning sector. Kelly’s Education targets kids ages 3 to 15, a new demographic for QuantaSing. As part of the deal, QuantaSing launched Hong Kong Online Education (HKOE), which offers high-quality online English education for children with a sharp focus on delivering value. HKOE adheres firmly to the belief that top-tier education should be within reach for a broader audience of children, not just a privileged few. By implementing a reasonable pricing strategy, the company says it can reach a wider age group, broaden its course offerings and diversify its revenue. “We are excited to integrate Kelly’s Education and the new brand HKOE into our ecosystem. Their strong business model and seasoned team lays a solid foundation for our global market entry,” Peng Li, Chairman and Chief Executive Officer of QuantaSing, said at the time. “We plan to broaden our course offerings, including Chinese language learning, and diversify our revenue streams by appealing to a wider age group.” Networking And Building Relationships Stateside To build awareness in the U.S., Kelly’s Education CEO Ken Chau joined QuantaSing at the ASU + GSV Summit in San Diego, an annual conference bringing together the great minds from the pre-K to the gray education market and also contributing to the conversation around online learning, adult education and AI. Chau was part of a panel discussion, sharing his thoughts and insights on creating “Responsible AI for Kids.” Kelly’s Education uses AI to break down barriers, reduce stigma, develop confidence and enable children and young adults to live richer, more meaningful lives. The conference provided another opportunity for QuantaSing and Kelly’s Education executives to make contacts with industry players and investors. The company had a lot to share with the panel attendees. For starters Kelly’s Education recently inked two collaboration deals with Disney World of English and National Geographic Learning, aiming to provide children with a higher quality teaching environment and learning materials, further enhancing their learning outcomes and striving to build Kelly’s Education as the No.1 children’s English learning platform in Hong Kong. What’s more, the unit is gearing up to announce its first physical school in May. The school will combine online and traditional learning methods, serving as an interactive, innovative learning center offering various educational resources and high-quality teaching services, QuantaSing reports. The idea is to give students a more in-depth and engaging way to learn via interactive courses and guidance from teachers. Coinciding with the launch of the school is QuantaSing’s move to open its first office in Hong Kong in early-summer. It marks the company’s first presence outside of Mainland China and commences the company’s new chapter of growing internationally. From buying Kelly’s Education to networking in the U.S., QuantaSing is getting serious about expanding its business beyond China’s borders. Its soon-to-be-opened office in Hong Kong is expected to be a springboard for more to come. With the world getting older and students craving a new way of learning, QuantaSing is positioning itself to capitalize on that growth in its home country and beyond. Featured photo by Arthur Lambillotte on Unsplash. QuantaSing is a leading online service provider in China dedicated to improving people’s quality of life and well-being by providing lifelong personal learning and development opportunities. The Company is the largest service provider in China’s online adult learning market and China’s adult personal interest learning market in terms of revenue, according to a report by Frost & Sullivan based on data from 2022. By leveraging its proprietary tools and technology, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners, empowering users to pursue personal development. Leveraging its extensive experience in individual online learning services and its robust technology infrastructure, the Company has expanded its services to corporate clients, and diversified its operations into its e-commerce business and its AI and technology business. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Leah Guo ir@quantasing.com Company Website https://ir.quantasing.com/

April 18, 2024 09:00 AM Eastern Daylight Time

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Cordiant Digital Infrastructure targets future growth with innovative tech investments

Cordiant Digital Infrastructure Ltd

Cordiant Capital CEO and managing partner Benn Mikula provides insight into the evolving landscape of digital infrastructure, underlining the significant impact of social and technological changes. Through Cordiant Digital Infrastructure Ltd (LSE:CORD), Cordiant Capital invests in the essential components of the internet’s infrastructure, including fibre optic cabling, mobile towers, and data centres, which Mikula describes as the internet's "plumbing". These elements are integral to the transmission of data across an international network. Despite the complex and energy-intensive nature of this infrastructure, it facilitates global communication, exemplified by the potential routing of the interview through a data centre in New York. Mikula highlights several trends affecting digital infrastructure: the need for expansion due to network congestion and regulatory impacts, the installation of 5G technology requiring denser network coverage, and the surge in demand for advanced data centres driven by artificial intelligence. Cordiant Digital Infrastructure’s approach to investment is a "buy, build and grow" strategy, focusing on acquiring platforms with existing customers and expanding them, often pre-leased to reputable or governmental clients. The company successfully deployed its initial fund and plans to raise a second, targeting high-growth opportunities within digital infrastructure. Mikula also discusses innovative solutions to contemporary challenges, such as leveraging existing sites for new data centres to minimise environmental impact and investing in renewable energy sources. Looking forward, Cordiant Digital Infrastructure sees continued investment potential in towers, edge data, interconnect data centres, and backbone fibre networks, particularly in Europe and the United Kingdom, where the middle market offers attractive entry points and investment returns. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 18, 2024 08:48 AM Eastern Daylight Time

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accesso CEO unveils massive 2023 wins and plans for more growth

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) chief executive Steve Brown discussed the company's strong 2023 performance with Proactive's Stephen Gunnion. The year was marked by significant achievements including surpassing profitability targets and attaining nearly $150 million in revenue. Key developments included three strategic acquisitions aimed at expanding the company’s global footprint. These acquisitions introduced new opportunities with companies like VGS in Milan and Paradocs in Canada, enhancing Accesso's market presence. In 2023, accesso secured 28 new venues and expanded its services to 273 additional venues through these acquisitions, which also incorporated 50 ski resorts in Canada, making it the largest provider of ski technology in North America. The company's growth drivers included increased sales penetration and transaction counts across existing venues. Looking ahead, Brown highlighted accesso's focus on improving profit margins by enhancing revenue efficiency and scrutinising low-margin revenue streams. Furthermore, the company has recently made a significant entry into the Saudi Arabian market through a partnership, building on the acquisition of VGS, which has been rebranded as Accesso Horizon. Brown also discussed the launch of 'Freedom', a new platform for restaurant and retail operations, which has already seen considerable uptake. For 2024, Brown mentioned the possibility of more acquisitions, supported by a strong balance sheet and cash position. The company forecasts revenues of around $160 million with a cash EBITDA margin of 17%, anticipating another robust year. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 18, 2024 08:35 AM Eastern Daylight Time

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Learning Technologies reports steady performance amid economic challenges

Learning Technologies Group PLC

Learning Technologies Group PLC chief executive Jonathan Satchell takes Proactive's Stephen Gunnion through the company's 2023 financial results, which reveal a slight revenue decline but rising profitability. Despite the economic challenges, the company maintained strong cash flow and increased its dividend by 5% to 1.2 pence. Satchell highlighted the resilience of the company's long-term and SaaS contracts, which helped sustain performance amidst reduced corporate spending on employee development. Operational achievements included retaining all client contracts above $10 million. The company saw some revenue declines due to reduced discretionary spending but reported growth in US government contracts and expansions in Latin America and the Middle East. Another highlight was GP Strategies, which has more than doubled profits since it was acquired in 2021, benefiting from a commercial transformation program that improved margins without impacting customer service. Satchell also noted the sale of Lorien Engineering, aligning with the company's focus on learning and talent development. This strategy, alongside prudent financial management, positioned the company well in the tough economic climate. For 2024, the company anticipates revenues similar to 2023, with continued emphasis on acquisitions and leveraging AI in learning tools to enhance operational efficiency and data insights. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 18, 2024 08:31 AM Eastern Daylight Time

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From Providing Cutting-Edge AI Traffic Management Tech To Helping Manage It – Iteris Could Be Key Ally For Government Agencies Revolutionizing America’s Roadways

Benzinga

By Austin DeNoce, Benzinga Urban mobility and the network of traffic management solutions underpinning it, face several challenges, ranging from traffic signal inefficiencies to safety risks. Put simply, the current roadway system is largely outdated. Amid this landscape, the infrastructure management company Iteris Inc. (NASDAQ: ITI) is bringing the American transportation system into the modern age through smarter, safer and more sustainable urban mobility solutions. The company’s suite of technologies and domain expertise are helping enhance traffic flow, increase road safety and minimize carbon emissions. One of the most exciting ways Iteris is accomplishing this is through its expertise in signal performance. The Advantages Of Improving Signal Performance Optimizing traffic signal performance yields substantial benefits across multiple areas of urban mobility. By honing signal timing and coordination, Iteris says it can help significantly mitigate traffic congestion to enhance the overall flow of traffic. This would directly contribute to heightened road safety because well-optimized signals can reduce the frequency and severity of intersection-related accidents. Smoother traffic flow also translates into less stop-and-go driving, which in turn lowers vehicle emissions. Such advancements are significant in the push toward sustainable urban environments, where air quality and carbon footprint are a growing concern. Overall, Iteris' initiatives in signal performance optimization embody a holistic approach to addressing speed and safety challenges related to urban traffic, while also leading to major reductions in emissions. ClearGuide And Signal Trends The recent introduction of Iteris’ ClearGuide Signal Trends marked a pivotal advancement in traffic light management technology. Utilizing data from cloud-connected vehicles, Signal Trends identifies issues at traffic signals without the need for additional hardware, streamlining the process for traffic managers to locate and address malfunctions swiftly. This innovation not only accelerates improvements – leading to reduced wait times for drivers and overall satisfaction – but also integrates seamlessly with existing Iteris tools to bolster traffic flow efficiency. By leveraging anonymized vehicle data, Signal Trends offers a comprehensive overview of traffic light performance across various regions. This capability aims to ensure that cities can proactively address signal-related delays and prioritize repairs or adjustments based on real-time data, bypassing traditional, costly data collection methods. With its nationwide application, Signal Trends aims to provide significant enhancement in traffic management strategies, fostering a smoother and safer driving experience. Support For Transportation Agencies Iteris also focuses on delivering managed services that utilize its cutting-edge technology, including its proprietary ClearGuide software, to enhance traffic flow and safety across urban landscapes. By monitoring and analyzing traffic data, Iteris’ congestion management service proactively spots and rectifies traffic-related issues, thereby mitigating congestion and facilitating smoother, safer commutes. This approach is particularly relevant during highway construction projects, where it ensures optimal traffic signal timing and uninterrupted traffic flow. Beyond congestion management, Iteris aids transportation agencies in managing their technology assets, improving the performance and reliability of traffic sensors and signals. Significant contracts such as a $6 million agreement with the Illinois Department of Transportation and a $9.6 million deal with the Orange County Transportation Authority underscore Iteris' ongoing role in elevating urban mobility by refining traffic signal timing with the aid of ClearGuide technology. These partnerships highlight Iteris’ commitment to advancing safety, efficiency and sustainability across regions, as well as the growing demand for its solutions. Successful implementations in regions like Lake Forest, CA, Arizona and Southern California further highlight Iteris' dedication to fostering smart mobility solutions nationwide. In fact, Iteris even provides consulting services to assist agencies in crafting strategic plans for signal timing optimization. Together, these initiatives make Iteris a key ally for agencies in potentially transforming traffic management practices and endorsing safer, more efficient transportation systems nationwide. Leading The Way In Smart Mobility Solutions Iteris continues to redefine the limits of traffic management through its ongoing innovation and dedication to improving urban mobility. By integrating advanced technologies like ClearGuide Signal Trends with its managed and consulting services, Iteris says it is addressing today's traffic challenges while paving the way for the future of smart mobility solutions. The company has a clear vision of safer, more efficient and sustainable traffic systems worldwide and a robust portfolio of services to back it up. Featured photo by Mark Boss on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 18, 2024 08:30 AM Eastern Daylight Time

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ToolsGroup Reimagines Supply Chain Decisions: Unveiling Decision Hub and GenAI-Assisted Planning at Hannover Messe

ToolsGroup

ToolsGroup, a global leader in supply chain planning software, is set to unveil its latest innovations in decision-centric planning at Hannover Messe. As a pioneer in adopting AI-driven solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge, enabling smarter, faster decisions that drive profit. With the release of Decision Hub, ToolsGroup now makes continuous, collaborative and asynchronous decision-making in response to supply chain volatility simple. Supply chain leaders face unprecedented and increasing supply chain disruptions. They need a more effective and efficient way to evaluate options, mitigate risks, and exploit opportunities as situations arise. Decision Hub transforms traditional supply chain decision-making by bringing together the right stakeholders at the right time, armed with the right information to make better decisions faster. Rather than struggling to find a time for a meeting or collaborating piecemeal in chats and a rapidly expanding email thread to make delayed decisions informed by outdated and cobbled-together data, supply chain executives can leverage Decision Hub to collaborate asynchronously in a virtual situation room, run multiple scenarios, evaluate potential impacts, and decide on the most profitable response. ToolsGroup is revolutionizing customer productivity and value delivery through GenAI, reshaping the user experience within the SO99+ suite. This cutting-edge chatbot, integrated as a beta solution, integrates Microsoft AI Services, including Azure OpenAI Service in addition to Azure Kubernetes Service to offer unprecedented visibility into ToolsGroup’s proprietary engines’ autonomous decisions. Available for testing at Hannover Messe, it allows users to harness Natural Language Processing to interact with the solution effortlessly. This ensures seamless alignment with business objectives and facilitates critical decision-making. As the feature evolves, users will effectively have an SO99+ expert at their fingertips. These innovations lay the groundwork for ToolsGroup’s vision of decision-centric planning. "Today, data latency, poor collaboration, and rigid decision-making processes all work against companies trying to make the right decisions in the face of uncertainty. Supply chain leaders must collaborate seamlessly and respond in real-time to critical events, adapting production and distribution plans to changes in demand and supply. Decision Hub reimagines this process, innovating decision collaboration for the speed of today’s supply chain,” said Robert Kaufholz, Senior VP of Product Management at ToolsGroup. “We are thrilled to unveil our latest innovations for true decision-centric planning with Microsoft at Hannover Messe. Together we are helping customers transform their businesses and are delivering impactful, human-centered solutions to the market.” Dominik Wee, Corporate Vice President, Manufacturing and Mobility at Microsoft added, “Microsoft AI capabilities provide ToolsGroup access to powerful language models, effortlessly tailored to specific tasks. This integration enables ToolsGroup to provide solutions that ensure seamless coordination between business goals and human-focused solutions.” Find out more about ToolsGroup’s solutions for manufacturing here. Join ToolsGroup at Hannover Messe to experience firsthand how Decision Hub and GenAI are reshaping the future of the supply chain - Find us in the Microsoft Booth, Hall 17 Stand G06, April 22-26. Book a meeting with our experts. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

April 18, 2024 08:00 AM Eastern Daylight Time

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Adobe's New Acrobat AI Assistant

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

April 18, 2024 07:00 AM Eastern Daylight Time

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