News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

CORRECTING and REPLACING Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales

Volatus Aerospace Corp.

The headline of the release dated May 26, 2022 has been updated to read "Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales" sted "Volatus Aerospace Corp. Announces Record First Quarter Annual Sales" The updated release reads: Volatus Aerospace Corp. Announces Record First Quarter 2022 Sales Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company"), is pleased to announce record sales for the first quarter of 2022. The growth was driven by sales of products and solutions. Key Financial Highlights: Revenue for Q1 2022 was $4,807,829, an increase of 64% over the previous quarter and a sixteen-fold increase over the year-on-year quarter of 2021. The revenue was driven predominantly by organic growth across Canada, the USA, Latin America, and some parts of Europe. The drone services and training segment are lowest in the first quarter due to seasonality. Gross profit for Q1 2022 was $1,092,840 an increase of $930,748 over the same period in 2021. The increase in gross profit is due to scaling in product and service activities. Volatus recorded a comprehensive loss of $1,774,397 compared to a comprehensive loss of $1,328,628 in the previous quarter. This was due to increased investment in human resources and expansion activities. Operational Highlights: The Company achieved significant milestones in the first quarter of 2022, namely: Volatus scaled its activities in the United States and the United Kingdom, hiring key people in the public safety and defense sectors. As a result of the Russian invasion of Ukraine, the demand for defense related drones has significantly increased globally. The Company accelerated its plans to expand in Europe and nearby regions and is promoting its capabilities to provide ISR (Intelligence, Surveillance, Reconnaissance) and humanitarian cargo drone solutions. The Company is actively supporting non-government organizations (NGOs) including Mriya Aid and Second Front Ukraine in their efforts to support Ukraine. Volatus has entered numerous strategic partnerships with North American and European UAS manufacturers having unique capabilities in different sectors - providing a portfolio of technologies for it to commercialize and present as integrated solutions to its clients in the commercial, public safety and defense sectors. These technologies have been “Vetted by Volatus” – a program whereby a team of subject matter experts from Volatus perform due diligence on the technology and certify that it is ready for commercialization. The Company made a strategic move with the acquisition of MVT Geo Solutions Inc. on February 28, 2022. This acquisition enhanced Volatus' service and data processing capabilities in the province of Quebec and Eastern Canada. Volatus will integrate the operations of MVT to provide data insights and scale its LiDAR expertise across Canada. As part of creating a drone community, Volatus introduced Drone Network News available here. This communication channel was developed to inform various stakeholders in the industry, enable sharing of knowledge and informed decision making and increase the awareness and market exposure of Volatus as an industry expert. This channel highlights all the key developments in the drone industry across the globe through articles, discussions, and podcasts with key industry leaders. “Drones are the future and Volatus is the future of drones,” said Glen Lynch, President and CEO of Volatus. “During the quarter we have made considerable investments in equipment, inventory, sales personnel, and marketing in preparation for continued strong expansion during the remainder of 2022. We are committed to building the global drone company and running it sustainably.” The condensed consolidated interim financial statements for the three months ended March 31, 2022, and associated management discussion and analysis, are made available under the Company's profile on SEDAR at www.sedar.com Webinar In conjunction with this release, Volatus investor relations Kate McKenna will host a webinar on Tuesday, May 31 st at 11:00 AM EST at which time Glen Lynch, Chief Executive Officer, and Abhinav Singhvi, Chief Financial Officer, will review the quarterly results and major milestones. Investors are invited to join the webinar here Or One tap mobile: US: +13126266799,,82780365304# or +13462487799,,82780365304# Or Telephone: Dial(for higher quality, dial a number based on your current location): US: +1 312 626 6799 or +1 346 248 7799 or +1 646 558 8656 or +1 720 707 2699 or +1 253 215 8782 or +1 301 715 8592 Webinar ID: 827 8036 5304 International numbers available here. Audio Replay Options An audio replay of the event will be archived on the Investor Relations page of the company's website here About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 26, 2022 05:32 PM Eastern Daylight Time

Image
Article thumbnail News Release

Foresight Announces First Quarter 2022 Financial Results

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd., an innovator in automotive vision systems (Nasdaq and TASE: FRSX) (“Foresight or the “Company”), today reported financial results for the first quarter of 2022. Foresight ended the first quarter of 2022 with $40.4 million in cash, cash equivalent, restricted cash and short-term deposits. The Company reported a GAAP net loss of $2.02 million for the first quarter of 2022 and a non-GAAP net loss for the same period of $1.53 million. “The milestones achieved during the first quarter of 2022 demonstrate that our long-term product roadmap and business strategy are beginning to enter a significant new phase. Following successful demonstrations to customers of our wide range of solutions, we are now engaging in new partnerships to deploy our technology on a larger scale. Both Foresight and Eye-Net Mobile Ltd. (“Eye-Net Mobile”), our wholly owned subsidiary, continue to expand into new regions and addressable industries, demonstrating the breadth of our potential markets,” said Haim Siboni, CEO of Foresight. “The establishment of Foresight Changzhou Automotive Ltd., (“Foresight Changzhou”), our fully owned subsidiary in Jiangsu Province, China, demonstrates our belief in the potential of the Chinese market. We believe that working seamlessly with local partners, manufacturers and suppliers in China will allow more collaborations and joint undertakings. Additionally, Foresight is now developing a custom 3D sensor solution for a leading Israeli defense integrator, for which the Israeli Defense Force (IDF) is the end customer. This technology is expected to replace LiDAR in the defense integrator’s 3D perception products. As Foresight demonstrates the ability to tailor its technology to the needs of specific applications and industries, we expect to see growing interest from customers with specialized requirements,” concluded Mr. Siboni. First Quarter 2022 Financial Results Revenues for the three months ended March 31, 2022 amounted to $35,000. The revenues were generated primarily from the successful completion of the first milestone of a proof-of-concept (POC) project with a leading Japanese Tier One supplier for the automotive industry. Research and development (R&D) expenses, net for the first quarter of 2022 were $2,692,000, compared to $2,659,000 in the first quarter of 2021. R&D expenses in the first quarter of 2022 are offset by participation from the European Horizon 2020 program in the amount of $172,000. General and administrative (G&A) expenses for the first quarter of 2022 were $1,188,000, compared to $1,206,000 in the first quarter of 2021. The decrease is attributed primarily to a decrease in payroll and related expenses and public company expenses, offset by increase in professional services and share based payments to service providers. Finance income, net for the three months ended March 31, 2022 amounted to $2,472,000. Finance income, net is attributed primarily to gains from revaluation of our investment in Rail Vision Ltd to its fair value, following its initial public offering on Nasdaq, in the amount of $2,793,000 offset by exchange rate differences and other expenses in the amount of $328,000. GAAP net loss for the first quarter of 2022 was $2,024,000 or $0.006 per ordinary share compared to a GAAP net loss of $4,362,000, or $0.014 per ordinary share in the first quarter of 2021. Non-GAAP net loss for the first quarter of 2022 was $1,527,000 or $0.005 per ordinary share compared to a non-GAAP net loss of $3,201,000 in the first quarter of 2021 or $0.010 per ordinary share. A reconciliation between GAAP net loss and non-GAAP net loss is provided following the financial statements that are part of this release. Non-GAAP results exclude the effect of share-based compensation expenses. Balance Sheet Highlights Cash, restricted cash and short-term deposits totaled $40.4 million as of March 31, 2022, compared to $45.7 million as of December 31, 2021. GAAP shareholder’s equity totaled $47.1 million as of March 31, 2022, compared to $48.6 million as of December 31, 2021. The decrease is attributed to the net loss for the period, offset by share based payments to employees, consultants, and directors for the same period. First Quarter Corporate Highlights: Foresight Established Joint POC Project with American Division of Japanese Tier One Supplier to Enhance ADAS Vision Systems: Following the successful evaluation of a QuadSight ® vision system prototype in March 2021, in January 2022 Foresight announced the establishment of a joint POC project with the American division of a leading Japanese Tier One supplier in the automotive industry. Foresight intends to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system by creating a stereo pair using the leading Tier One supplier’s existing camera hardware to generate rich perception. Foresight to Develop Custom 3D Sensor Solution for Leading Israeli Defense Integrator: In February 2022, Foresight announced that it will customize products and solutions for a leading Israeli defense integrator. The defense integrator’s end customer is the IDF. Foresight will develop a customized 3D perception solution to meet the requirements of the IDF, and the company expects to recognize revenues of approximately $250,000 from the project during the first half of 2022. Foresight Establishes Local Subsidiary in Chinese Market: In January 2022, Foresight announced the establishment of Foresight Changzhou, a wholly owned subsidiary, in Jiangsu Province, China. Established together with the China-Israel Changzhou Innovation Park (CIP), this new subsidiary will allow Foresight to expand more easily within the Chinese market. Foresight Changzhou will hire local staff and engineers, potentially resulting in a stronger network with local partners and manufacturers. Foresight Collaborates with SUNWAY-AI to Commercialize Solutions for Chinese Agriculture and Heavy Machinery Markets: In January 2022, Foresight announced the signing of a multiphase business cooperation agreement with SUNWAY-AI, a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. During the first phase of the cooperation, SUNWAY-AI will evaluate a prototype of Foresight’s QuadSight vision system. Successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets. Eye-Net Mobile Enters Indian Market with First Pilot Project for Fleet Telematics: Eye-Net Mobile, a wholly owned subsidiary of Foresight, announced in January 2022 that it will begin its first pilot project in India with a local telematics company. The Indian telematics (fleet tracking) company will evaluate the performance of the Eye-Net™ Protect collision prediction solution in various scenarios. Successful evaluation could lead to possible commercialization and integration of Eye-Net Protect in the telematics company’s service suite for commercial fleets and government operators of public vehicles. Eye-Net Mobile Selected by Paris2Connect Consortium to Participate in Urban Mobility Experiment: In February 2022, Eye-Net Mobile was selected as one of five winners by the Paris2Connect consortium to participate in an urban mobility experiment in Paris’ Urban Innovation District. Paris2Connect is dedicated to demonstrating how shared urban digital infrastructure can meet the growing needs of the smart city, and the consortium includes ATP France, Aximum, Nokia, RATP Group, and Signify N.V. Eye-Net expects to benefit from testing its solution in an operational environment under real conditions along a 3.5-kilometer route in the center of Paris, France. Use of Non-GAAP Financial Results In addition to disclosing financial results calculated in accordance with United States generally accepted accounting principles (GAAP), the Company's earnings release contains non-GAAP financial measures of net loss for the period that exclude the effect of stock-based compensation expenses. The Company’s management believes the non-GAAP financial information provided in this release is useful to investors’ understanding and assessment of the Company's ongoing operations. Management also uses both GAAP and non-GAAP information in evaluating and operating business internally and as such deemed it important to provide all this information to investors. The non-GAAP financial measures disclosed by the Company should not be considered in isolation or as a substitute for, or superior to, financial measures calculated in accordance with GAAP, and the financial results calculated in accordance with GAAP and reconciliations to those financial statements should be carefully evaluated. Reconciliations between GAAP measures and non-GAAP measures are provided later in this press release. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses Foresight’s and Eye-Net Mobile’s continued expansion into new regions and addressable industries, demonstrating the breadth of their potential markets, the its belief in the potential of the Chinese market and that working seamlessly with local partners, manufacturers and suppliers in China will lead directly to more collaborations and joint undertakings, customization of its products and solutions for a leading Israeli defense integrator, for which the IDF is the end customer, that its technology is expected to replace LiDAR in the defense integrator’s 3D perception products, the expectation of growing interest from customers with specialized requirements, the expected timing of revenues from the IDF project, its intention to demonstrate its ability to enhance the Tier One supplier’s existing stereoscopic vision system, that Foresight Changzhou will allow the Company to expand more easily within the Chinese market, its multiphase business cooperation with SUNWAY-AI and that successful completion of the evaluation could lead to a partnership agreement involving cooperation projects to develop and commercialize products for the Chinese agriculture and heavy machinery markets, and the potential for Eye-Net to commercialize its Eye-Net Protect with respect to its fleet tracking first pilot project in India.. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in Foresight’s annual report on Form 20-F filed with the Securities and Exchange Commission (“SEC”) on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED BALANCE SHEETS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF COMPREHENSIVE LOSS U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands FORESIGHT AUTONOMOUS HOLDINGS LTD. INTERIM CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOW U.S. dollars in thousands SUPPLEMENTAL RECONCILIATION OF GAAP TO NON-GAAP RESULTS (Unaudited) U.S. dollars in thousand s Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 26, 2022 04:05 PM Eastern Daylight Time

Article thumbnail News Release

1BusinessWorld Names News Direct as its Exclusive News and Content Distribution Provider

1BusinessWorld

1BusinessWorld (1BW) today announced that is has named News Direct as its exclusive partner for news and content distribution. This relationship leverages the natural synergies between News Direct, a modern digital content distribution platform, and 1BW, the online global business ecosystem that provides information, resources and business solutions for entrepreneurs and businesses from around the world. The two organizations envision a multidimensional relationship in which companies and their leaders are empowered to highlight and furnish their expertise, thought leadership and unique insights to peers, investors, customers and fellow entrepreneurs using the innovative tools of each respective platform. 1BW’s suite of offerings enable companies to showcase their brand, connect with other businesses and professionals, build a strong infrastructure for revenue and growth and aid in international expansion. This is accomplished through a variety of professional development programs, service offerings and high-profile events such as Leading Entrepreneurs of the World (LEW) and Young Entrepreneurs of the World (YEW). News Direct is the first newswire built for modern media outreach, offering an intuitive, automated, highly secure, cloud-based SaaS workflow, in-platform stakeholder collaboration, flat-rate, economical pricing and the unique capability of distributing both traditional news release content as well as standalone digital multimedia formats to a comprehensive global network of media and online news destinations that have historically been limited to accepting predominantly text-based newswire content. “This partnership brings together two forward-looking platforms designed to assist emerging companies in promoting and building brand awareness and maximizing the collective experience and wisdom of a global community of entrepreneurs who can share the common experiences and challenges of establishing and sustaining a successful business,” noted Gregg Castano, News Direct founder and CEO. Stelios Hatzakis, 1BW CEO, stated “We are thrilled to be able to offer News Direct’s innovative distribution capabilities to our community of professionals and provide them with some unique advantages available only within our ecosystem. We’re extremely proud to associate ourselves with a company which we believe represents the future of news and content distribution.” About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals and businesses. www.1businessworld.com About News Direct News Direct provides news and content distribution for PR, IR, Corporate Communications and Marketing professionals. Our automated platform delivers a completely-reimagined, intuitive workflow, industry-leading security, transparent, flat-rate pricing and actionable analytics. Further, News Direct has deployed an array of innovation including advanced automation, isolation cloud technology and custom software for the most dynamic, efficient and flexible platform available today. To learn more visit newsdirect.com or follow us on LinkedIn, Twitter, Facebook, Instagram or YouTube. Contact Details 1BusinessWorld, Inc. Media Inquiries info@1businessworld.com News Direct Neil Hershberg +1 475-291-0591 neil.hershberg@newsdirect.com Company Website https://1businessworld.com

May 26, 2022 01:50 PM Eastern Daylight Time

Article thumbnail News Release

Lexus Leverages Mirriad's Virtual Product Placement to Drive Brand Awareness Among Multicultural and LGBTQIA+ Audiences

Mirriad

Mirriad, the leading in-content advertising company powered by Academy Award Winning AI technology, today announced its latest campaigns with Lexus through in-content music video activations. The partnership takes Lexus’ advertising capabilities to the next level, unlocking scalable access into the music industry in a way that traditional product placement has fallen short, and builds on the teams’ recent collaboration for the 2nd Annual B.I.G. Dinner Gala in honor of Biggie’s 50th birthday celebration. To date in 2022, Lexus and Mirriad have developed brand placements across four music videos, enabling Lexus to effectively reach key multicultural and LGBTQIA+ audiences. Today, brands face numerous challenges when leveraging in-content advertising to reach audiences. For Lexus, the majority of content that reaches their multicultural target audiences is filmed abroad. Additionally, ongoing supply chain issues and inventory shortages have made the option of traditional product placement more challenging. Given the flexibility of Mirriad’s creative formats, ads are no longer limited to physical placements during the time of filming. Now, signage, video and virtual products, like vehicles, can be placed in post-production with Mirriad’s technology. “At Lexus, we’re committed to reaching consumers through content that is meaningful and authentic to ensure that we’re meeting our audiences where they are, in a non-disruptive way,” said Mia Phillips, Senior Manager of Advertising and Media at Lexus. “With Mirriad’s AI technology, we’re able to create those experiences while simultaneously expanding our brand reach. We’ve seen proven results across all of the in-content campaigns we’ve executed with Mirriad over the last six months and are confident in the continued success.” Mirriad recently partnered with Sony Music Latin to insert Lexus signage into the music video for a prominent Latin artist’s latest single. The video features creative from the Shine Your Way Everyday campaign, Lexus’ in-market campaign targeted toward LGBTQIA+ audiences. Since the video premiered, the campaign has resulted in a 14 percent increase in brand awareness, as compared to an audience unexposed to the same ads, and an eight percent increase in brand purchase consideration, according to Kantar. The partnership has proven to have the intended reach, with the results for both brand and ad awareness strongest for those who felt sexual orientations were featured positively in the video. Mirriad and Lexus also collaborated on music videos for South Asian-American pop artists Mickey Singh and Jonita Gandhi, through Mirriad’s partnership with TreeHouse VHT. Addressing the challenge of placing a vehicle within the content, Mirriad’s technology enabled a 3D placement of Lexus’ LX model in Singh’s official music video for Nachle 101 and the behind-the-scenes video. Additionally, Lexus video creative and signage was featured throughout Signh’s videos and Gandhi’s official music video for Hauli Hauli. Additionally, Mirriad and Lexus ran a television campaign with ItalkBB in the Chinese language program: Legally Romance. Mirriad integrated signage and 3D Lexus models within content, for a total of 15 integrations throughout the series. Mirriad's extensive content library enabled Lexus to reach AAPI and Hispanic audiences through content that otherwise would be inaccessible. “For multicultural artists and creators, establishing partnerships with major brands takes up a lot of time and effort, and the outcomes don’t always show value,” said Jay Skilly, CEO of TreeHouse VHT. “In working with a company like Mirriad, that prioritizes amplifying minority artists and creators, we’ve been able to identify moments within music videos that have high-impact for brands and are authentic to artists, their music and their audiences.” “We are proud to work with Lexus as their team continues to allocate larger portions of their advertising budgets to empower young, diverse creators,” said Maria Teresa Hernandez, VP of Sales and Brand Partnerships at Mirriad. “In Lexus, we’ve found a partner who understands how to reach their audiences in a relevant way while also highlighting minority voices. The success of these campaigns paved the way for our most recent activation during Biggie’s 50th birthday celebration, where Lexus was able to take a traditional campaign activation and amplify it by leveraging Mirriad’s AI technology.” To learn more about Mirriad and the advertising opportunities offered visit www.mirriad.com. Media Contact: Kite Hill PR for Mirriad mirriad@kitehillpr.com About Mirriad Mirriad's award-winning solution unleashes new revenue for content producers and distributors by creating new advertising inventory in content. Our patented, AI and computer vision technology dynamically inserts products and innovative signage formats after content is produced. Mirriad's market-first solution seamlessly integrates with existing subscription and advertising models, and dramatically improves the viewer experience by limiting commercial interruptions. Mirriad currently operates in the US, Europe and China. Contact Details Liana Zamora +1 551-225-4942 mirriad@kitehillpr.com Company Website https://www.mirriad.com/

May 26, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

CSG to Present at Stifel’s Cross-Sector Insight Conference

CSG

DENVER, May 26, 2022 – CSG® (NASDAQ: CSGS) today announced that the company will present at the Stifel’s Cross-Sector Insight Conference on Thursday, June 9, 2022. The presentation will be held at 2:25pm EST and will feature comments from CSG chief executive officer Brian Shepherd. The conference presentation will be available via webcast here. About CSG CSG is a leader in innovative customer engagement, revenue management and payments solutions that make ordinary customer experiences extraordinary. Our cloud-first architecture and customer-obsessed mindset help companies around the world launch new digital services, expand into new markets, and create dynamic experiences that capture new customers and build brand loyalty. For 40 years, CSG’s technologies and people have helped some of the world’s most recognizable brands solve their toughest business challenges and evolve to meet the demands of today’s digital economy with future-ready solutions that drive exceptional customer experiences. With 5,000 employees in over 20 countries, CSG is the trusted technology provider for leading global brands in telecommunications, retail, financial services, and healthcare. Our solutions deliver real world outcomes to more than 900 customers in over 120 countries. To learn more, visit us at csgi.com and connect with us on LinkedIn and Twitter. Copyright © 2022 CSG Systems International, Inc. and/or its affiliates (“CSG”). All rights reserved. CSG® is a registered trademark of CSG Systems International, Inc. All third-party trademarks, service marks, and/or product names which are referenced in this document are the property of their respective owners, and all rights therein are reserved. Contacts: John Rea Investor Relations +1 (210) 687-4409 john.rea@csgi.com Contact Details Tammy Hovey +1 917-520-2751 tammy.hovey@csgi.com Company Website https://www.csgi.com

May 26, 2022 06:30 AM Mountain Daylight Time

Article thumbnail News Release

Dukkantek creates a digital ecosystem for SMB retail sector as it rapidly expands across MENA

Dukkantek

In less than six months since securing a $5.2m funding round, store management platform DukkanTek has expanded from UAE where it is headquartered into Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia. This takes their presence to 7 countries as they seek opportunities in North Africa. Dukkantek was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi and Shadi Joulani. It has already attracted more than 5,000+ customers for its suite of services empowering traditional merchants with end-to-end digital technology that improves all business processes. Dukkantek believes that traditional merchants and small and medium enterprises (SMEs) remain the backbone of the global economy, and their transactions should be digitized to keep pace with market developments. And to this end they platform provides: Cloud POS: The Cloud POS is a Point-of-Sales system that can be accessed online, from anywhere. It allows businesses to keep track of transactions & sales, calculate VAT, generate reports and calculate profit margin. Inventory Management: The Cloud IM is an online software that helps businesses track, manage & organize the inventory. It allows users to keep track of stock, measure stock value, manage fast-moving products and generate reports for analysis. Payment Options: The platform offers a variety of payment options including cash, card payments or credit payments. Reports can be generated to track payments. E-Commerce: The e-commerce functionality allows stores to sell their goods online or through an app. One of its features includes live inventory, as it’s linked to the IM & POS software. Another feature is that stores can choose what items to put online and their corresponding prices. Moreover, it sends push notifications to customers. Companion App: The companion app is a mobile application that helps manage the store online. Its features include: Automated Inventory Reconciliation, live store data, linked to IM & POS, ability to track daily sales on the dashboard, ability to review all transactions, and track cash movements and payment methods. Dukkantek co-founder Sanad Yaghi commented: “For too long SMB store owners have been left on the margins of the tech shift. We are serving the unmet need observed in these businesses with the adoption and usage of comprehensive online shopping technologies. It’s a severely underserved market and we are trying to get to as many people as possible. Our growth is testament to our efforts in empowering traditional merchants to thrive in a digital world with premium end-to-end technology.” The UAE has one of the most vibrant and attractive startup ecosystems in the Middle East and North Africa (MENA) region. Dukkantek provides a one stop shop for local community retail stores, supermarkets, small grocers, service shops and dark stores who are seeking to use the latest technology to serve their customers. The coronavirus pandemic hastened digital adoption in the MENA region, leading to an increase in online shopping, in particular. The region's e-commerce market is expected to reach $49 billion in 2025, up almost 55 per cent from 2021, a report by EZDubai, an e-commerce zone in Dubai, and Euromonitor International showed earlier this year. The UAE’s e-commerce market alone is forecast to grow 60 per cent to more than $8bn by 2025 from 2021. Community retailers in the UAE without a digital presence, who were unable to accept online payments during the pandemic, were severely affected due to the drop in customer footfall. About Dukkantek Founded in January 2021, Dukkantek is the UAE’s first and only revolutionary store management platform that enables traditional merchants to compete equally in an evolving digital world, and further empower their retail capacity. Redefining the conventional way of managing tasks and sales, the innovative platform aims to strengthen local community stores and power digital transformations with end-to-end technology that enhances and streamlines all business processes, enabling them to compete with dark stores and delivery players. Dukkantek is the technology partner for all local community stores in the region. For more information please visit https://www.dukkantek.com Contact Details Dukkantek Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.dukkantek.com/

May 26, 2022 07:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

FinancialMarkets.media, formerly FXStreet’s Marketing team, will participate at the iFXExpo in Limassol, Cyprus from 7th-9th June

FMM

- The iFXExpo will be the first event this year in which the company will participate to present its new brand - The brand will be exhibiting all its services and products at booth 161 - FinancialMarkets. media continues being part of FXStreet financial group, and operates as its exclusive media agency. - The aim of this new agency is to offer the best-in-class services, whilst increasing the business opportunities of their clients across a wider publisher and financial institutions network. FinancialMarkets. media is the new independent media agency specializing in the financial markets that was launched in February 2022 and is managed by the former FXStreet Marketing and Traders team. With the aim of introducing and presenting the new brand to the markets, the company will participate in several exhibitions and workshops throughout this year, and the iFXExpo in Limassol- Cyprus, the world’s first and largest financial Fintech B2B exhibition, is the first on the 2022 calendar. The launching of FinancialMarkets. media was prompted by the growth of the company’s network of publishers in the last years, demanding specialization in order to keep on offering top-notch services to all its already existing clients. With the decision more focus can be placed on expanding its reach in the market reaching more institutions and publishers for the Forex, Cryptos, Stock and Commodities markets, as well as banks and hedge funds. “ FinancialMarkets. media continues to be part of the FXStreet group, and it operates as its exclusive media agency. However, we are an independent media agency inside the group. The aim of this FXStreet spin-off business is to offer the best-in-class services, whilst increasing the business opportunities to our clients, where all parties will have more options on where to invest their budget, more advertising placements to accommodate the different business models, needs and marketing objectives”. Sergi López Tomàs, previous CMO to FXStreet.com and now CEO at FinancialMarkets. media, commented. About their presence at the Cyprus iFXExpo this coming June, Mr López Tomàs also commented, “w e are committed to participating in all these types of events and exhibitions, as we aim to expand our reach to new audiences by introducing all of our media services and marketing solutions to new markets and businesses, aiming to not only to help them to execute profitable investments but will also maximize them ”. In the same way, the company also emphasizes the importance of human relations and honesty in all their business transactions. “ Our daily work is to continue guiding financial institutions and publishers in an honest way so that our clients can invest in the right media according to their needs and budgets. Participating in these kinds of face-to-face events allows us to be closer to our clients and partners and boost this human interaction that we think should never be lost in business and it is critical to creating trustworthy, solid and long-term relationships '' added Carolina Bracale, Marketing and Communications Manager of FinancialMarkets. media. After all, more than 20 years of success in online advertising for the finance market, are not in vain. The team of experts of FinancialMarkets. media know the market, granting better pricing and campaign management control, always taking care of both, clients and publishers. “Programmatic advertising is OK but it still fails to understand the needs of the players and that is where my team makes a big difference. We are humans behind the machines who happen to be experts in Marketing and Trading the markets.”, concluded Sergi López Tomàs. The company will be exhibiting all its services and products at the iFXExpo in Limassol, Cyprus at booth 161. To know more about Financial Markets. media visit the new website: www.financialmarkets.media. Contact Details Financial Markets Media Carolina Olenka carolina@financialmarkets.media

May 25, 2022 01:00 PM Eastern Daylight Time

Image
Article thumbnail News Release

Shareholder Activist Confronts Big Tech Companies at Annual Meetings

National Legal & Policy Center

Today, Paul Chesser, Director of the National Legal and Policy Center’s Corporate Integrity Project, is presenting remarks at the Amazon, Twitter, and Meta annual meetings to support shareholder resolutions that the ethics group filed with the companies. Chesser’s remarks at the meetings today will focus on the shareholder resolutions NLPC filed targeting the ‘woke’ corporations’ lobbying activity and charitable donations. NLPC seeks more transparency, urging companies to protect shareholder interests by staying out of politics. NLPC has filed dozens of shareholder resolutions and appeared at the annual meetings of Berkshire Hathaway, Disney, Coca-Cola, and more. Additional resolutions are scheduled to be presented at the meetings for McDonald’s, Walmart, Alphabet, General Motors, and others. “Big-Tech leaders act like they know what is best for everyone and assume power by censoring information or supporting causes that are contrary to shareholder interests,” Chesser explained. “Corporate leaders cave to progressive political activists and support ‘woke’ causes that must be disclosed, but moreover, eventually put to an end.” In support of the Twitter shareholder proposal, Chesser plans to say that, “…Twitter wasted more than $1.7 million in 2021 on advocacy lobbying, tripling what it spent six years earlier. Twitter is all about ideology, not free speech, or profit. It is no wonder so many Twitter employees are terrified that Elon Musk is buying the company and plans to turn their lying, progressive playground into a true free-speech platform…” In remarks at the Amazon meeting, Chesser will point out that “Amazon's transparency about its charitable donations is vague at best, and opaque at worst.” He will share how Amazon funded the unaccountable, wild-spending Black Lives Matter Global Network Foundation at Chairman Jeff Bezos’s direction. “While many of us in middle America saw right through it, Princeton-educated Jeff Bezos fell for the con hook, line and sinker,” Chesser will say. At the Meta meeting Chesser plans to compare Facebook shareholders to mother of a rebellious teenager. “Unfortunately, Mr. Zuckerberg, currently obsessed with virtual reality while shareholder value tanks, is the equivalent of that teenager. And with the equivalent of well over 50 percent of voting shares, this teenager can do whatever the heck he wants. Shareholders are the helpless Mom,” Chesser plans to say. Chesser will point out Zuckerberg’s hypocrisy by censoring scientific truths about climate change alarmism, throttling of the Hunter Biden laptop story, and keeping COVID-19 information off the platform. “The Big Tech leaders were bamboozled by the BLM scammers and Hunter Biden protectionists. They refuse to admit they were wrong, and must be held accountable,” Chesser said. “Twitter, Amazon, Meta, and others in corporate America stand in stark contrast to the economic interests of the American people. Corporate leaders must be stopped from undermining the very systems that created the wealth they enjoy today.” All of Paul Chesser’s remarks at the three meetings will be posted at http://www.nlpc.org this afternoon. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

May 25, 2022 11:08 AM Eastern Daylight Time

Article thumbnail News Release

Provana Partners with The iA Institute to Address Needs of Credit & Collections Industry

Provana

The iA Institute, publisher of insideARM, the premier publication for the credit & collections industry, and Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a broad partnership to enhance the support both firms deliver to industry participants. As part of the partnership, Provana is making significant investments into iA Institute programs, including Research Assistant, Innovation Council, Consumer Relations Consortium, and Women in Consumer Finance, with a goal of bringing additional value to its members and expanding the membership. “Provana is a predominant industry player in credit and collections when it comes to its breadth and depth of products and global delivery model for businesses operating in these markets,” said Stephanie Eidelman, CEO of The iA Institute. “We are pleased to collaborate with the Provana team to extend the charter of our programs and better serve industry players.” “The iA Institute is a leading voice in the consumer finance market, especially pertaining to the regulatory hurdles of the full debt lifecycle,” said Sandeep Bhargava, CEO of Provana. “This partnership reinforces our mission to become a one-stop compliance and performance solution, providing digital capabilities, global delivery and thought leadership that raises the bar of competition in a way that benefits consumer finance industry participants.” There are a number of ways The iA Institute and Provana plan to create value for the industry. One way in particular is through the Research Assistant program, which provides a forum for compliance practitioners to solve challenges together as a peer group. The group not only includes practical compliance tools and regular analysis, but it also develops meaningful peer-built content based on tangible experience, which Provana will make available to subscribers though its own compliance management platform. “We look forward to taking an active part in the forums managed by The iA Institute,” said Britney Schaeffer, Director of Content Programs at Provana. “Provana has a rich heritage of thought leadership in solving compliance and performance issues for credit & collections businesses. We believe we can bring valuable new thinking to the Innovation Council and to compliance-related discussions.” “With Provana’s knowledgebase of industry processes and data, we anticipate Provana’s contribution in our Research Assistant program to help our subscribers a great deal,” said Aaron Steinberg, Chief Growth Officer of The iA Institute. “Provana brings a passion for leadership that puts women at the decision-making table, which means they will also have a lot to contribute in the Women in Consumer Finance forum.” Overall, the goal of the partnership is not only to create value for current iA Institute and Provana subscribers, but to deliver that same value to a broader base of industry constituents, including banks, fintechs, specialty finance players, and other enterprises that provide financing of their products and services to consumers. Many longtime industry participants have expressed positive sentiment about the partnership and its long-term implications for the consumer finance industry. “I have worked productively with both organizations for multiple years,” said Marian Sangalang, Vice President at The Bureaus, Inc. “With the changes in the regulatory and economic environment around our industry, I can think of no better time for these key players in our space to take their collaboration to the next level.” “The consumer finance industry is long overdue for a partnership of this nature,” said LaDonna Bohling, Chief Compliance Officer at Contract Callers, Inc.. “The lines between traditional creditors, their collections networks, and new tech-first creditors are blurring in the eyes of industry regulators. A thoughtful collaboration between two leading content and tech providers will help our industry raise the game for everyone involved.” About The iA Institute The iA Institute is a media company that specializes in providing context, insight, and practical information to the complex debt industry. With its long history as an innovator, the company has grown from its inception as a publisher of a daily newsletter to one that influences the industry at the highest level. Our initiatives bring a range of stakeholders to the table in a candid environment to inform, to build a culture of compliance, to address industry challenges, and to make profitable connections. Our initiatives cover three areas: Legal & Compliance, Strategy & Tech, and Women & Diversity. Learn more at www.theiAinstitute.com. About Provana Provana’s interaction management and compliance solutions are the first of their kind, providing effortless control over process-intensive operations. Available for consumer lending, legal, ARM, insurance and other industries that handle heavily regulated consumer interactions. Provana technology is based on over a decade of business process management, AI, RPA, regulatory compliance and secure data operation experience. Solutions include speech analytics, a compliance suite, omnichannel payments, legal tech, and business analytics, comprising a one stop digital transformation platform for small and medium enterprises. Provana is backed by a NYC-based Fintech PE, with a presence across the US and in India. Learn more at www.provana.com. Contact Details Britney Schaeffer +1 469-774-2409 britney.schaeffer@provana.com The iA Institute Aaron Steinberg aaron@theiainstitute.com Company Website https://www.provana.com/

May 25, 2022 09:05 AM Eastern Daylight Time

1 ... 456457458459460 ... 642