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Compumedics welcomes FDA clearance for Somfit

Compumedics Limited

Compumedics Ltd (ASX:CMP) chairman Dr David Burton and CFO David Lawson speak with Proactive following news the US Food & Drug Administration (FDA) has cleared the company’s Somfit device to be marketed in the USA. They say it marks the achievement of another significant strategic milestone for the Somfit technology platform in one of the world’s largest sleep markets. The home sleep testing (HST) market in the USA, which the Somfit is primarily targeted at, is estimated to be about two million studies per year. Compumedics Ltd CFO and executive director David Lawson and executive chairman and CEO David Burton sat down with Proactive’s Andrew Scott to discuss the major milestone surrounding its Somfit technology platform. Somfit® has received FDA clearance for the device to be marketed in the USA. There is a significant addressable market in the USA between US$110 million to US$180 million in potential revenue, which Compumedics will target 10% to 30% of within the next 24 months. Compumedics can now begin its commercialisation activities in the key USA market, following the initial successful validation and commencement of sales activities for Somfit in the Australian market, since the beginning of the 2024 financial year. In commenting on this significant milestone for Compumedics, David Burton said when the announcement came out, “Following FDA clearance for the Somfit device in the USA, Compumedics can now begin executing their commercialisation strategy to capitalise on the under-penetrated sleep market with an initial focus on Home Sleep Testing (HST), before addressing other opportunities.” Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

December 07, 2023 11:30 AM Eastern Standard Time

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International business rep.: CISCE establishes platform for global cooperation

China News Network

BEIJING, CHINA - Media OutReach Newswire - 7 December 2023 - China International Supply Chain Expo (CISCE), hosted by China Council for the Promotion of International Trade (CCPIT), was held in Beijing recently. Watch the 39-second video: http://www.ecns.cn/video/2023-12-06/detail-ihcvqepi7488707.shtml CISCE has established a new platform for global industrial cooperation and communication, said plenty of international enterprises. Their unwavering confidence in the Chinese market propels them to root themselves in this land and to be poised to provide products with higher quality for markets in and out of China. During the CISCE, 53 Fortune Global 500 companies, 57 Fortune China 500 companies, 25 top 500 Chinese private enterprises attended the exhibition. Apart from that, a bunch of specialized and sophisticated enterprises that produce new and unique products and hidden champions also took participation, presenting examples of supply chain cooperation between Chinese and international enterprises. "The inaugural supply chain expo is the right event at the right time," said Ngozi Okonjo-Iweala, director-general of the World Trade Organization. She further noted that some of the impacts faced by the supply chain actually exposed the fragility of the global production networks. Therefore, internationalization in global trade and supply chains should be strengthened, so that all links can play a role. CISCE is indeed a brand-new concept where everyone can find a place to seek out how to optimize supply chains so that's why such an Expo is significant, said Clas Neumann, Senior Vice President and Head of Global SAP Labs Network. As an open platform for international cooperation, CISCE has also sparked enthusiastic responses among global business community. Ge Yue, Apple's vice president and managing director of Greater China, said, "We have brought several very representative suppliers to the Expo. Of our top 200 global suppliers, 151 are in China." According to Zhang Yihao, president and CEO of GE Healthcare China, the advantages and resilience of China's supply chains are globally acknowledged. "Over the past 12 months, we have opened two new factories in China. China's supply chain offers significant advantages and plays a crucial role in stabilizing global business and trade development." Lily Guan is the President of Cargill China and she commended that CISCE has established an excellent platform that provides businesses with chances for them to communicate with government agencies, clients, and partners, enabling them to seize better opportunities and comprehend industrial trends. She further pointed out that Cargill continues to have a positive outlook on the Chinese market due to its paramount strategic significance. CISCE integrates trade, investment cooperation, innovation aggregation, and exchanges, aiming to build an open international cooperation platform that connects upstream, midstream, and downstream industries, facilitates integration among businesses of all sizes, fosters collaboration between enterprises, universities, research institutes and end-users, and promotes interaction between domestic and foreign enterprises. It vividly displays China's ongoing efforts in high-level opening-up and highlights the country's commitment to maintaining stability and connectivity in global industrial and supply chains, showcasing China's role as a responsible major player. During CISCE, over 360 conversations involving more than 15,000 participants have been held, with more than 20 results including reports, announcements and standards published. According to incomplete statistics, more than 200 cooperation deals and intention agreements have been reached, worth over a total amount of over 150 billion Chinese yuan. Contact Details Wen Tianxia guojixinwenbu@chinanews.com.cn

December 07, 2023 11:26 AM Eastern Standard Time

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A sip of tea, a discovery of China

China News Network

BEIJING, CHINA - Media OutReach Newswire - 7 December 2023 - Tea is one of the world's top three beverages. China is the world's first country to both make and consume tea. Wuyi Mountain in China's Fujian Province gave birth to the Chinese black tea. Along the ancient trade routes, black tea from Wuyi Mountain gained immense popularity among Europeans, gradually making black tea the most consumed type in the world. Tea culture is also ubiquitous in Fujian where the practice of drinking tea prevails. The process of making and consuming tea is part of our communication with nature. Applying their understanding of nature to tea making, Fujianese seek out the true essence of life. Contact Details Wen Tianxia guojixinwenbu@chinanews.com.cn

December 07, 2023 11:24 AM Eastern Standard Time

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Sui Joins DeFi Leaders, Topping $100M in Bridged USDC

Sui

Sui, the groundbreaking Layer 1 blockchain created by the technology experts who led Meta’s Diem blockchain initiative and created the Move smart contract language, continues its explosive ascent in decentralized finance (DeFi). This week, it surpassed $100 million in bridged USDC. This latest data confirms Sui’s position among the ranks of the top DeFi protocols worldwide and builds upon its most recent milestone of surpassing $175 million in Total Value Locked (TVL). The Sui Network now consistently ranks within the top 25 blockchains for daily transaction volume and within the top 15 blockchains by weekly volume. “Surpassing $100 million in bridged stablecoins represents yet another significant moment for Sui in DeFi, and is a clear illustration of the remarkable success of the Sui community’s efforts to build a versatile and accessible ecosystem,” said Greg Siourounis, Managing Director of the Sui Foundation. “Coupled with the Network’s recent surge in TVL, as well as performance measurements that show Sui operating at the forefront of Web3 technology, this milestone positions Sui as a force driving the next generation of DeFi.” The network’s decentralized ecosystem and independent builders are fueling that growth, with seven projects standing at over $10 million in TVL and 11 projects exceeding the $2 million mark. In another strategic move to fortify the security and reliability of its ecosystem, Sui last week announced an ecosystem investment with leading Web3 security firms OtterSec and Zellic — providing essential access for independent ecosystem projects to high-end auditing services and setting builders on Sui on a path to success. Likewise, November alone saw $500,000 in a fresh round of Sui Grants issued to projects building on the Network. These grants are dedicated to project teams poised to advance the adoption of Sui and its growing DeFi ecosystem. For more information about the Sui Network, visit sui.io. Contact Details Sui Foundation Sui Team media@sui.io

December 07, 2023 11:20 AM Eastern Standard Time

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Sipa Resources MD talks compelling portfolio of assets in WA

Sipa Resources Ltd

Sipa Resources Ltd (ASX:SRI) MD Andrew Muir speaks with Proactive soon after taking on the role of MD - replacing Pip Darvall, who stepped down after a four-year tenure. Darvall will remain part-time during an interim period to ensure a seamless transition of leadership. Muir says the company has a compelling portfolio of assets in well-established exploration regions in WA, including strategic JV partnerships and he’s looking forward to working with the board and management team to unlock value for shareholders. Chairman Craig McGown said: “We are delighted that Andrew is joining our team. Along with the requisite skills and experience to guide Sipa through its next phase of growth, he also has the credentials to be an excellent leader of our company. “Andrew is a highly qualified geologist with an impressive track record covering a variety of projects and commodities. These attributes, combined with his extensive senior management experience in the resources sector, make him the ideal candidate for the role." Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

December 07, 2023 11:00 AM Eastern Standard Time

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Drug Arrest Defense Lawyer In Dallas John Helms Enumerates Common Defenses Against Drug Possession

Prodigy Press Wire

Drug possession charges can be intimidating, but an expert legal counsel can present various defenses that may dispute the allegations. In this short article, Dallas Drug Arrest Lawyer John Helms enumerates the top three common defenses to contest possession charges. Illegal Search and Seizure: Defense attorneys can argue that law enforcement violated due process by conducting an unlawful search. The evidence may be rendered inadmissible if narcotics are found without a valid search warrant or the resident's consent. Not Controlled Substances: A defense attorney may be able to show that the seized substances, which were thought to be illegal, were, in fact, harmless. This argument may entail demonstrating that substances, such as powders, are not illegal drugs but rather harmless chemicals such as baking soda. Planted Evidence: The defense may claim that evidence was planted in locations where there has been a history of police misconduct, specifically targeting specific communities. Eyewitness reports and supporting proof of earlier corruption involving the arresting officer or federal agent are required for this defense strategy. Handling drug possession charges needs a thorough awareness of legal intricacies. With his long-term expertise as a Dallas Drug Arrest Lawyer, John Helms provides a set of strategic defenses against possession charges. If you or a loved one is facing drug possession charges, contact John Helms, a seasoned Dallas Drug Arrest Lawyer, to discuss the best defense strategy for your case. Source: How a Dallas Drug Arrest Defense Lawyer Defends Possession Charges in a TX Case Release ID: 833620

December 07, 2023 10:00 AM Eastern Standard Time

Should You Trade Stocks in Your Retirement?

TechniTrader

It’s a wonderful concept: Retire on your 401(k), pension plan or IRA and go have fun. The reality for millions of Americans is totally different. Not only are Americans often living much longer than Financial Planners and Advisors plan for, the cost of retirement is much more than most retirees have planned and saved for. Trading Stocks in retirement is a much more desirable and enjoyable retirement job than many other job opportunities available to retired Americans. And in retirement, you tend to be in exactly the right position in life to make the most of trading or investing in stocks or ETFs. There are many perks to Trading Stocks in Retirement: Unlike every other industry in the US, the Stock Market holds a very high regard for Brain Trust, which is the accumulation of knowledge, experience, expertise, skills, and the wisdom that comes with age. Keep your mind sharp. The brain is like a muscle; the more you use it, the more time you spend learning throughout your lifetime, the HIGHER your IQ. The average person gains a considerably higher IQ as they age when they learn through their entire life. One of our students is now 106 years old. It doesn’t take all your time. Trading stocks can be something you do a couple of times a month or for a couple of hours 5 days a week or less. My students are always surprised that they can pay for their course in a couple of trades and start making spendable income soon after they complete the course. You can trade stocks from wherever you are: at home, when you are traveling to see the world, and it is a much more productive pastime than TV, games or casinos. Be prepared for unexpected expenses. You don’t have to sell your long-term held stocks OR charge a credit card when there is a sudden expense that is way beyond your budget. Your trading gives you monthly cash flow that you have on hand for emergencies. You can sell your stocks or ETFs at any time without tax penalties or higher taxes. Trading as a Business gives you the ability to have ALL of the advantages of professional traders who earn 6 to 7-digit incomes. Of course, your monthly income from trading stocks is dependent on your initial cash in your Trading Brokerage Account. We advise a separate account for long-term and one for stock trading for monthly income. It keeps everything neat, clean and simple to track for IRS purposes. Trading as a Business is something all traders should consider as this IRS status has many perks and deductibles that lower taxes. You have CONTROL again. If your retirement income or Social Security is cut or diminished for any reason, then you are in a position to move forward and maintain your retirement lifestyle. Trading Successfully in Retirement There are rules and parameters that you must adhere to IF you want to make your trading in retirement a success: Do not Day Trade or trade intraday. It takes the longest to learn to do correctly and has the highest risk with the least amount of profit potential. The SEC has been studying retail day trading for 20 years and has determined that 99% of all retail day traders not only lose all of their capital over time, but often are faced with steep margin calls by their broker. If you’re looking for a short-term trading style, learn swing trading. Avoid scams and so-called “gurus.” People with a lot of life experience know that investing in an education is the best way to meet your goals and have success in any endeavor. Make sure that the company you choose for your trading education has a credentialed individual teaching and creating the courses you will take. Make sure the company is at least 20 years in business and has testimony from successful students. Check BBB and see what, if any, complaints or accolades the company has earned. A corporate entity provides a foundation of credibility over a sole proprietorship. Choose wisely, not some gimmick or get-rich-quick scheme. Risk Analysis, Risk Management, and Risk Mitigation are essential to retirement stock trading. When you don’t have time to recover huge losses, it is critical to learn how to keep losses to a very small amount. TechniTrader provides Trade Management and Risk Analysis training in our comprehensive courses so that you have that knowledge and skill before you ever place your first trade. Simulate Trading Stocks on a real trading simulator that is identical to the real trading platform you will be using when you go live trading stocks. Our students stay on their simulator until they have a consistent minimum of 75% success rate or higher. Elite students and our semi-professional to professional students have success rates between 80-90%. That sounds amazing, but it is simply a matter of receiving a complete education on: Developing Spatial Pattern Recognition Skills. Determining Risk factors and only trading low-risk stocks. Adhering to our Trading rules to eliminate mistakes and bad habits. Respecting the market as a means of financial security and not a place to gamble. Using our Trade Management Planner to make trading simple, straight forward, and fun. Using our Trading Journal to analyze the market conditions, trading conditions, and your activity over time, especially if trading as business. Retirees tend to be excellent traders when trained by professionals who understand your needs and goals for monthly income beyond your long-term investments, dividends and social security checks. TechniTrader is a specialized and unique educational experience. What we teach is taught nowhere else. We have thousands of successful retirees who have made their retirement years the best years of their lives. Martha Stokes, CMT https://www.technitrader.courses TechniTrader has been teaching traders and investors a complete process for trading or investing in the stock market and other financial markets since 1998. We have helped over 500,000 traders and investors achieve their financial goals. Our courses provide a complete, comprehensive training program based on a college-style curriculum that uses a tri-level approach to analyzing assets or derivatives to trade. Contact Details Mel Ainuu mel@technitrader.com Company Website https://www.technitrader.courses/

December 07, 2023 09:15 AM Eastern Standard Time

Lithium Ionic Corp - The Western Hemisphere’s Next Significant Lithium Producer?

Lithium Ionic

By Jeremy Golden, Benzinga As one of the largest emitters of greenhouse gases in the global economy, the transportation sector is under heightened scrutiny. Experts are welcoming the transition from the more than 1.3 billion internal combustion engine vehicles currently on the road to electric vehicles (EVs), the largest source of demand for lithium. Essential to the production of lithium-ion batteries, lithium demand is expected to quadruple by 2030, making it a critical mineral that is fueling the green revolution. A mining company committed to the global energy transition is developing a nuanced, commercial-grade lithium operation economically and sustainably to support the EV and battery supply chains. Lithium Ionic Corp. (OTCMKTS: LTHCF) is developing lithium properties in Brazil with the goal of extracting lithium in the near future. Located in Minas Gerais state in Brazil, Lithium Ionic’s properties span 14,182 hectares, or more than 35,044 acres, in this prolific lithium province. Last month, Lithium Ionic published results that support a long-life and low-cost spodumene concentrate mining project with a post-tax net present value of $1.6 billion. In comparison, the company’s market capitalization is about $140 million. Bandeira Project – Granted Priority Status Since Lithium Ionic launched in May 2022, the company reports that its portfolio of properties has increased more than tenfold as it continues to assess prospective properties in this globally significant hard rock lithium district. Currently, the company is focused on advancing its flagship Bandeira Project toward a production decision. The Itinga basin, also known as Brazil’s “Lithium Valley,” is situated within the Eastern Brazilian Pegmatite Province, the largest lithium pegmatite province in South America. Experts view it as one of the most significant emerging lithium spodumene basins globally. The region boasts excellent infrastructure, including highway access, hydro-electrical grid power, water and nearby commercial ports. In July 2023, Lithium Ionic’s projects were granted priority status by the state of Minas Gerais regional government bodies, facilitating the acceleration of approvals and licensing through the development process and paving the way toward mine operation and production. Construction permits are expected to be obtained by mid-2024. Last month, Lithium Ionic’s 100%-owned Brazilian subsidiary, MGLIT Empreendimentos Ltda, entered into an agreement with Cemig Distribuição S.A., the largest electricity distributor in Brazil. With access to Cemig’s low-cost renewable hydroelectric power, Lithium Ionic will be prepared to fast-track Bandeira toward production by utilizing its existing power grid. In October 2023, Lithium Ionic reported an updated mineral resource and Preliminary Economic Study. The company reported that the numbers support projections that the Bandeira Project can be a highly profitable operation. Since reporting robust project economics, Lithium Ionic has announced multiple sets of drilling results that demonstrate the quality of the system and the project’s growth potential. Following the positive results from its 50,000-metre drill program, Lithium Ionic says it is rapidly advancing Bandeira, its flagship project, toward a production decision. While it continues to explore other regional targets, permitting activities are progressing and the project engineering is advancing. The Bandeira Project is in the same district where Companhia Brasileira de Litio’s Cachoeira mine has been producing lithium for more than 30 years. Nearby, Sigma Lithium operates the largest hard rock lithium deposit in the Americas through its Grota do Cirillo project. Drilling next to a multi-billion dollar lithium producer will allow Lithium Ionic to mirror this development by continuing to advance Bandeira. Lithium Ionic reports that Bandeira has delivered an 84% resource growth rate in less than four months, demonstrating its upside potential. “The growth trajectory of this deposit since we began drilling it in April 2022 is a testament to its significance within our large portfolio of properties in this belt and will continue to be a key driver of our success,” said Lithium Ionic CEO Blake Hylands. “Bandeira represents just a fraction of our land holdings, and our team strongly believes that our success at this property could be replicated at our other properties in the region with the same effort.” This Canadian company is advancing its lithium projects in Brazil’s mining-friendly jurisdiction which is quickly emerging as a world-class hard-rock lithium district. Follow its progress by visiting lithiumionic.com. Lithium Ionic is a Canadian mining company focused on becoming the next significant Brazilian lithium producer. Our properties are located in Brazil’s Minas Gerais state, a mining-friendly jurisdiction that is quickly emerging as a world-class hard-rock lithium-producing district. A recent PEA for the Bandeira Project indicates a long-life, low-cost, and highly profitable project with a Post-tax NPV8% of US$1.6B (~C$2.2B) and IRR of 121%. Our goal is to generate significant returns for our stakeholders by becoming the country's next producer of high-quality spodumene concentrate for the global lithium supply chain. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Caroline Arsenault +1 647-316-2500 info@lithiumIonic.com Company Website https://www.lithiumionic.com/

December 07, 2023 09:15 AM Eastern Standard Time

Versatus Raises $2.3M at $50M Valuation To Launch The World’s First Stateless Rollup

Versatus

Versatus Labs, a Peer-to-Peer Web Services Protocol that enables Web2 developers to seamlessly transition to Web3, has successfully raised $2.3 million with participation from key investors NGC Ventures and Republic Crypto, bringing its value to $50 million. The fundraising will help Versatus launch the world’s first Stateless Rollup, Versatus LASR. Founded by Distributed Systems veteran Andrew Smith, Versatus paves a new frontier in decentralized verifiable compute innovation. Versatus offers a seamless transition from Web2 to Web3 for developers while enabling unrivaled speed and cost-efficiency without sacrificing security and maintaining wide decentralization. Developers can use Versatus to employ familiar tools and frameworks for prototyping, optimizing, DevOps, testing and deployment, allowing for a seamless transition from Web2 to Web3. Versatus has now raised a total of $3.7 million with backing from Jump Crypto, BigBrain Holdings, NGC Ventures, Republic Crypto, Taureon Group, and Hyperithm. The platform has partnerships with data availability service EigenLayer, liquid staking platform Stader Labs, and Web3 venture Anagram. Unlike traditional rollups, Versatus LASR is a pure execution environment that shifts compute off-chain without the obligation or costs related to maintaining the state and saving data. LASR can be used to build complex and data intensive smart contracts, enable cross-chain native asset transfers, cross-chain contract integrations and much more. LASR, the Versatus stateless rollup, is a game-changing technology, enabling stateless verification of programming language-agnostic smart contract transactions. In short, Versatus LASR reduces cost and inefficiencies of Ethereum, eliminates the friction and centralization associated with optimistic roll-ups, all while delivering a 100x better developer experience Sreeram, founder of EigenLayer, said: “Stateless verification is a key feature required to enable infinite scaling of optimistic rollups while preserving verifiability by regular nodes, which can sample and verify portions of the state update. Stateless verifiers are a key milestone in the future of the Ethereum scaling roadmap and we are excited to partner with Versatus to bring this key unlock to the modular Ethereum landscape.” Joseph Eagan, co-founder of Anagram, commented: “I’ve gotten to know Andrew, and I can confidently say he is the most sober mind in the space, unphased by hype cycles or FUD. Andrew is on a mission to solve a real problem, and has done the groundwork to deeply understand it. Versatus LASR delivers a solution to the problem and ushers in a new era of web3, one that takes crypto from the fringes of the tech community and places it at the center.” About Versatus Versatus is a Peer-to-Peer Web Services protocol enabling the best developer experience in the world. Versatus LASR, the World’s first Stateless Rollup, enables developers to build smart contracts in their preferred language, with their preferred tools, seamlessly transitioning web2 developers to web3. Versatus is set to launch a suite of web services, including P2P Functions, P2P Service Hosting & P2P On-Demand Compute. With this suite of services, Versatus enables developers to build without barriers, making web3 the new standard. With the potential to activate 20 million developers worldwide, Versatus stands on the brink of igniting a Cambrian explosion in the Web3 ecosystem. By nurturing fresh ideas, fostering new applications, and facilitating unprecedented connectivity within the crypto ecosystem, Versatus is laying the groundwork for the mass adoption of this revolutionary technology. Versatus is Web3 Unchained. Contact Details MarketAcross Daniella Assaf daniella@marketacross.com

December 07, 2023 09:07 AM Eastern Standard Time

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