All Industries

Silver Bullet Mines announces high-grade silver results at Buckeye Mine leading to key decision

Silver Bullet Mines Corp.

Silver Bullet Mines Vice President of Capital Markets Peter Clausi joined Steve Darling from Proactive to share news regarding the impressive high-grade silver results that have been announced as part of the development of the new Zone 1 at the Buckeye Mine Project. Clausi explained that recent blasting activities have substantially widened the vein to over 19 feet, with assays revealing up to 24.2 ounces of silver per ton. This development is particularly promising, suggesting that the company is nearing the location of historical drill holes from 1969, and management anticipates that silver grades will continue to improve with further blasting deeper into Zone 1. Furthermore, the material obtained from these recent blasts is considered economically viable for processing. As a result, it is being prepared for transportation to the mill. Once the material is delivered, Silver Bullet Mines plans to restart milling operations. This step is crucial as the company progresses with the Buckeye Mine Project, aiming to enhance silver production and advance the project's overall development. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

November 28, 2023 12:54 PM Eastern Standard Time

Video

Soma Gold 3rd quarter financial numbers shows a record amount of gold ounces sold

Soma Gold Corp.

Soma Gold CEO Javier Cordova joined Steve Darling from Proactive to provide an update on the company’s third-quarter financial numbers. That included reporting significant production and sales growth. The company achieved total gold production of 24,839 ounces from the Cordero Mine and the El Bagre Milling Operations. Sales saw a substantial increase, with ounces sold up by 66% from the third quarter of 2022, reaching a record of 9,112 ounces, and a 42% increase over the nine months to 24,503 ounces. Cordova highlighted a solid financial performance, with net income for the third quarter reaching $3.2 million from a revenue of $22.8 million. The company's Adjusted EBITDA stood at $9.6 million for the quarter and $26.7 million for the nine months ending September 30, 2023. These figures represent a significant improvement over the $3.8 million and $15.0 million reported in the corresponding periods of 2022. Looking forward, Soma Gold is aiming for a strong year-end finish and is focused on ramping up production to achieve an ambitious growth target for the year. A crucial component of this strategy is the restart of the El Limon Mill, which is expected to increase production capacity significantly and lay the groundwork for a sustained increase in gold output into 2024 and beyond. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

November 28, 2023 12:51 PM Eastern Standard Time

Video

Rotunda Capital Partners Named for Fourth Consecutive Year in Inc.’s 2023 List of Founder-Friendly Investors

Rotunda Capital Partners LLC

Rotunda Capital Partners ("Rotunda"), an operationally focused, lower middle-market private equity investment firm, has, once again, earned a place on Inc.’s recently announced Founder-Friendly Investors list. The list honors 218 private equity, venture capital and debt firms that entrepreneurs collaborate with and trust as they receive the financial support they need to drive growth. This recognition highlights Rotunda’s commitment to fostering the growth and success of family/founder-owned businesses. Rotunda partners with family/founder-owned companies seeking assistance to grow or evolve their business. Before closure of any deal, thorough consideration is given to ensure a cultural fit, alignment of goals and a collaborative partnership. Together, Rotunda works with its portfolio companies to transform them into growth-oriented platforms powered by data and analytics. “We are excited to once again be recognized by Inc. magazine. Since our founding, Rotunda has only focused on investing in family-founder led companies. We believe our unique model of bringing significant value creation resources to lower middle market companies allows us to transform these companies into data-driven, growth platforms,” said John Fruehwirth, managing partner of Rotunda. “Now more than ever, founder-led companies need financing partners that offer guidance, expertise, and understanding—not just capital. These are the private equity, venture capital, and debt firms that have founders’ backs when it comes to accelerating growth,” says Scott Omelianuk, editor-in-chief of Inc. Business Media. To compile the list, Inc. went straight to the source: entrepreneurs who have sold to private equity and venture capital firms. Founders filled out a questionnaire about their experiences partnering with the nominated firms and shared data on how their portfolio companies have grown during these partnerships. To see the complete list of 2023 Inc. Founder-Friendly award recipients, go to: https://www.inc.com/founder-friendly-investors/2023. About Rotunda Capital Partners Rotunda Capital Partners is an operationally oriented private equity firm focused on transforming family-founder owned companies into dynamic, data-driven platforms able to achieve and manage significant growth. Since its founding in 2009, Rotunda has partnered with management teams to build great businesses within three primary sectors: value-added distribution, asset-light logistics and industrial, business & residential services. Rotunda strives to achieve replicable results by implementing its Rotunda Performance System to create strategic alignment, develop lean processes and create robust, data-driven infrastructures. For more information, visit www.rotundacapital.com. About Inc. The world's most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community they need to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com. Past performance is no guarantee of future results, while all investments are subject to loss. Any subjective views or opinions expressed herein should not be construed as absolute statements and are subject to change without notice to you. No representation, express or implied, is given regarding the accuracy of the information contained herein. Any forward-looking statements included herein are based on Rotunda Capital Partners' current opinions, assumptions, expectations, beliefs, intentions, regarding future events, are subject to risks and uncertainties, and are provided for informational purposes only. Rotunda Capital Partners submitted an application and paid an application fee to be considered for this list, which was issued on October 31st, 2023. This list is based on an analysis of information gathered by Inc. Magazine using its own methodologies and criteria and involves discussions with exited portfolio company executives. The analysis relies in part on certain subjective determinations and is subject to inherent limitations. Contact Details Rotunda Capital Partners Margaux G Valle +1 240-499-3362 PR@rotundacapital.com Company Website https://www.rotundacapital.com

November 28, 2023 12:07 PM Eastern Standard Time

Explore NAFA’s 2024 Institute & Expo Pre-conference Events

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is thrilled to offer three pre-conference event opportunities at its 2024 Institute & Expo (I&E), taking place April 22-24 in San Antonio, TX. I&E is the industry’s largest gathering of fleet and mobility professionals, and the pre-conference events give attendees the ability to dive into concentrated topics. “Each of these immersive pre-conference sessions are designed to empower and educate fleet professionals,” said Michael Camnetar, CAFM, NAFA Board President. “Sustainability, leadership and asset management are essential for fleet managers, and we look forward to seeing how attendees use the tools and knowledge from these pre-conference events to shape the future of our industry.” 2024 I&E attendees will be able to participate in one of three pre-conference events: Sustainable Fleet Management Certificate Program, Asset Management Certificate Program and the Leadership Development Institute Program. All pre-conference programs take place on Sunday, April 21 from 1:00 – 5:00 p.m. The Sustainable Fleet Management Certificate Program plays a vital role in helping fleet managers reach their organizations’ sustainability goals. The course will explore Building a Sustainable Fleet Program, Acquiring a Sustainable Fleet, Driver Training, Fleet Metrics, Fuel Tracking, Sustainable Leadership and Change Management. NAFA’s Asset Management Certificate Program explores Strategic Sourcing, Vehicle Specifications and Selection, Procurement, Active Management and Remarketing. Attendees will also have the opportunity to participate in the Leadership Development Institute. This program is designed to empower individuals and organizations to unlock their full leadership potential. This workshop is suitable for individuals at all levels of leadership, from emerging leaders to experienced executives, who are committed to enhancing their leadership abilities and making a meaningful impact within their organizations. Interested participants can learn more about these pre-conference events & register here. I&E attracts thousands of fleet professionals from a variety of fields, including corporate, government, public safety, utility, education, and more. The three day conference offers a blend of education, impactful conversations, networking opportunities, and products and services from the industry’s leading suppliers. More information about the I&E schedule can be found here. Prospective exhibitors are encouraged to secure their space early to ensure prime placement in the I&E Expo Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. This year’s current sponsors include Bestpass Inc., FASTER Asset Solutions, Geotab, Holman, Legend Fleet Solutions, Merchants Fleet, Samsara, Stellantis, U.S. Bank Voyager, WEX and Wheels, Inc. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and Twitter. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

November 28, 2023 11:30 AM Eastern Standard Time

CoinTR Joins Forces with EOS to Lead Web3 Innovation in Turkey

EOS Network Foundation

The EOS Network Foundation and EOS Labs, leading stewards for the EOS blockchain, are thrilled to announce a pivotal partnership with CoinTR, Turkey’s leading cryptocurrency exchange. The partnership was ceremonially inaugurated during the CoinTR 2nd Anniversary Party on November 28 in Istanbul with the announcement of the jointly established Web3 Labs between CoinTR and EOS Labs. The event was attended by over 300 prominent figures from the industry, finance sector, and government, including Turkey’s Minister of Finance, the Chairman of the Banking Regulation and Supervision Agency, and the Chairman of the Securities and Exchange Commission. Yves La Rose, CEO of the EOS Network Foundation, emphasized the strategic importance of Turkey in the blockchain sphere, "With its dynamic economy, forward-looking approach to regulation, and increasing cryptocurrency engagement amidst global economic challenges, Turkey is rapidly becoming a key player in the digital asset space. This partnership with CoinTR is a key step in nurturing and expanding the Web3 ecosystem in this vibrant market." This alliance is a cornerstone in our strategy to drive Web3 innovation in Turkey, emphasizing local development and global collaboration. Web3 Labs Partnership Highlights: Synergistic Market Growth: This partnership combines the EOS Network's advanced blockchain technology with CoinTR's expanding market influence, aiming to revolutionize the Turkish Web3 landscape and enhance blockchain adoption both locally and globally. Turkish Web3 Incubator Launch: This collaboration will see the establishment of a Turkish Web3 Incubator aimed at cultivating cutting-edge blockchain projects within the Turkish market, reinforcing the EOS Network's commitment to fostering global blockchain innovation. CoinTR Launchpad: Users on CoinTR will be able to participate in IEOs and launchpools for incubated projects exclusively with EOS, USDT, the Turkish lira as the officially supported platform currencies. EOS Staking Pool: CoinTR will launch an EOS staking pool, offering incentives to EOS holders who lock their tokens on the exchange. Ecosystem Support: This partnership will provide extensive support to selected EOS projects, encompassing marketing, token listings, and other ecosystem activities. Ali Eselioglu, the newly appointed CEO of CoinTR and former Deputy Executive Director of the Central Bank of the Republic of Türkiye expressed his commitment to this partnership, "With the Labs project, we have the opportunity to contribute to Turkey's growth and global competitive advantage in the industry. This cooperation aims to spur innovation in the sector by hosting groundbreaking projects leveraging blockchain and cryptocurrencies." Eselioglu further noted that this collaboration will not only be an incubation, and that CoinTR will contribute to the development of the EOS ecosystem by supporting both the EOS mainnet and EOS EVM, providing a better financial experience for Turkish and EOS community users. Huaqiang Wen, CEO of EOS Labs, also shared his perspective for the partnership, "Our collaboration with CoinTR is a crucial move in establishing Turkey as a global Web3 hub. This partnership goes beyond mere cooperation; it's a catalyst for transformative change and progress in the dynamic world of blockchain, not just in Turkey but on a global scale." Turkey ranks fourth globally in crypto transactions, with $170 billion in volume last year, underscoring its importance in the global cryptocurrency market. This partnership marks a new chapter for the EOS Network as it continues to expand its global footprint and reinforce its commitment to fostering blockchain innovation. About CoinTR CoinTR, founded in 2022, is a global cryptocurrency exchange headquartered in Istanbul, Türkiye, dedicated to providing users worldwide with secure and compliant trading services. The exchange boasts a team of experts with a wealth of knowledge from a variety of top crypto exchanges and is committed to fostering the growth of local crypto-oriented and Web3 industries. CoinTR also actively collaborates with several industry partners to continuously create new opportunities for regional economic growth. About EOS Network The EOS Network is a 3rd generation blockchain operating system powered by a low-latency, highly performant, and extensible WebAssembly engine for deterministic execution of near feeless transactions; purpose-built for enabling optimal Web3 user and developer experiences. The network features an enterprise grade Ethereum Virtual Machine housed within an EOS smart contract that offers feature parity to Ethereum with unmatched speed, performance and compatibility, connecting the EOS Network to the Ethereum ecosystem. Contact Details EOS Network Foundation Zack Gall, Chief Communications Officer zack.gall@eosnetwork.com Company Website https://eosnetwork.com/

November 28, 2023 11:14 AM Eastern Standard Time

Image

News Release

Amaero International sets course for commercial production as build of Tennessee plant continues

Amaero International Ltd

Amaero International CEO Hank Holland joined Steve Darling from Proactive to discuss the company's plans to establish a critical metals powder manufacturing facility in Tennessee in the US. This facility will initially focus on the production of C-103, a Niobium alloy known for its high-performance and heat-resistant qualities essential for hypersonic and space applications. The company has recently announced a raise of $10 million to aid in the construction. The 100,000-square-foot facility will house the world's most advanced gas atomizer, catering to defense, aerospace, and space industries. The nature of Amaero's work, involving export-controlled technologies, aligns with US and allied customers, particularly US Defense primes and close allies like Australia and the UK. The strategic plan involves intensive restructuring and relocation, with milestones including facility design completion, equipment installation, and commercial production initiation by January 2025. Additionally, Holland outlined Amaero International's roadmap towards commercial production, with the aim of completing several initiatives by the end of 2024. These include finalizing the floor plan for the Tennessee facility, ordering the second atomiser, and fully commissioning the first gas atomiser along with the requisite ancillary powder and processing equipment. The company is currently sourcing feedstock supply and preparing to staff the initial shift of a three-shift operation. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

November 28, 2023 10:26 AM Eastern Standard Time

Video

VALR Appoints Ben Caselin as CMO to Spearhead Global Expansion

VALR

Following its success in becoming Africa’s largest crypto exchange by trade volume, VALR has appointed Ben Caselin as its Chief Marketing Officer (CMO) as part of the exchange's strategic plans for global expansion. VALR serves over 900 corporate and institutional clients as well as more than half a million active retail customers while maintaining a time-tested commitment to security, performance, and integrity. VALR, founded in 2018, and firmly established as the foremost exchange in South Africa, has processed over $10 billion in trading volume and secured $55 million in equity funding. Notable shareholders include Coinbase Ventures, Pantera Capital, and Avon Ventures, a venture capital fund affiliated with the parent company of Fidelity Investments. "VALR is thrilled to welcome Ben Caselin as our CMO," said Farzam Ehsani, Co-Founder and CEO of VALR. "Ben's extensive experience in driving growth, coupled with his dedication to advancing the adoption of Bitcoin in emerging markets, aligns perfectly with VALR's mission to contribute to the creation of a financial system that underscores the oneness of humanity." Ben Caselin brings a wealth of experience to his role at VALR, previously holding executive positions with prominent exchanges, most notably in Hong Kong, with AAX, and the United Arab Emirates. Caselin’s industry insights have been widely published in top-tier media outlets, and he is a regular speaker at global conferences. "VALR stands out as a values-driven company with an unwavering commitment to integrity, quality and security, unlike anything I've seen before," said Ben Caselin. “Innovative trading pairs, an expert technology team, visionary leadership and offering possibly one of the best API trading environments in the world for professional crypto traders, I believe VALR is well-positioned to become a serious global player.” "The company's vision strongly aligns with my own mission. I look forward to working with VALR’s impressive team and contributing to the platform’s success, enhancing our market presence, and providing a sound, professional trading platform to users worldwide." VALR's recent launch of perpetual futures trading, featuring the world's first Bitcoin and USDT perpetual futures paired against the South African Rand, further positions the exchange as an innovative player in the crypto exchange ecosystem, providing users with new opportunities in the volatile ZAR-denominated crypto futures market. VALR has received approval to offer crypto services in Europe and is actively pursuing licenses in Mauritius and Dubai, having received initial approval from VARA, Dubai's Virtual Assets Regulatory Authority. For more information about VALR and its latest developments, visit www.valr.com. About VALR: VALR is a prominent digital asset exchange headquartered in South Africa, empowering individuals and institutions to effortlessly and securely trade, store, and stake a variety of crypto assets. Since its establishment in 2018, VALR has gained widespread recognition for its extensive range of cryptocurrencies, competitive trading fees, and user-friendly platform. VALR’s mission is to help build a financial system that recognises the oneness of humanity. To discover more about VALR and its offerings, visit www.valr.com or follow us on Twitter and Instagram @VALRdotcom. Sign up for free here. Press Contact: press@VALR.com Contact Details MarketAcross PR pr@marketacross.com Company Website https://www.valr.com/

November 28, 2023 10:00 AM Eastern Standard Time

Image

VinFuture announces the 2023 Sci-Tech week and award ceremony

Vingroup

HANOI, VIETNAM - Media OutReach - 28 November 2023 - VinFuture Foundation officially announces the agenda for the third Science and Technology Week slated to take place from December 18th to 21st, 2023, in Hanoi, Vietnam. This series of world-class events will bring together leading scientists and experts in pivotal technological domains, including semiconductor technology, precision medicine, green transportation infrastructure, and artificial intelligence. The pinnacle of the Sci-Tech week will be the VinFuture Prize Award Ceremony, recognizing scientists for their groundbreaking achievements that significantly impact the lives of millions worldwide. The 2023 VinFuture Sci-Tech Week and the VinFuture Prize Award Ceremony are among the most highly anticipated annual events in the global science and technology community. This year, centered around the theme of “Boundless Unity,” the four-day 2023 VinFuture Sci-Tech Week comprised a wide array of engagements, including the “ Science for Life ” Symposia, the “ VinFuture Discovery Talk Series,” the prestigious “ VinFuture Prize Award Ceremony,” and “ Talk Future: Dialogue with the 2023 VinFuture Prize Laureates.” Commencing the series of events is the “Science for Life” Symposia taking place on December 18th-19th, including four sessions with the topics: “Semiconductors Unleashed: The Backbone of Modern Innovation,” “Advancing Precision Immunology Therapy for the Treatment of Autoimmune Disorders,” “Sustainable Infrastructure and Green Transportation,” and “Artificial Intelligence: Transformative Opportunities and Challenges.” The symposia serve as an eminent platform that unites policymakers, scientists, experts, and businessmen from prestigious domestic and international organizations. Guests attending the symposia will meet and discuss with distinguished scientists such as Professor Teck-Seng Low, Senior Vice President at the National University of Singapore (Singapore); Dr. Sadasivan (Sadas) Shankar, Research Technology Manager at SLAC National Laboratory in Stanford University (USA); Professor Shimon Sakaguchi, Immunologist and Distinguished Professor at the Immunology Frontier Research Center (IFReC), Osaka University (Japan); Professor Jang-Soo Chun, Gwangju Institute of Science, and Technology and Director of the Korea National Creative Research Initiatives Center for Osteoarthritis Pathogenesis (South Korea); Professor Christian Borgs, Director of the Bakar Institute of Digital Materials for the Planet (BIDMaP) and Member of the Berkeley Artificial Intelligence Research (BAIR) Lab at University of California, Berkeley (USA) … The highlight of VinFuture Season 3 is the connection activities under the “ VinFuture Discovery Talk Series ” - organized for the first time to cultivate partnerships and delve into potential technology transfers at renowned research institutes and universities in Vietnam. Nine participating organizations in Hanoi will engage in profound discussions with globally acclaimed scientists. These conversations will revolve around pivotal topics, including “ Ending AIDS: Developing new prevention technologies for young women, ” “ Building research capacity to address global health issues in low- and middle-income countries, ” “ COVID-19: Advancing an evidence-based response, ” “ Agriculture's path to net zero emissions: The role of livestock, ” etc. The pinnacle of this series culminates in the highly anticipated 2023 VinFuture Prize Award Ceremony, poised to take place on the evening of December 20th, 2023, at the Ho Guom Opera House. This ceremony, under the resounding theme of “Boundless Unity,” serves as the grand stage for unveiling the Laureates of the VinFuture Prize Season 3, whose technological breakthroughs were meticulously curated from a comprehensive pool of nearly 1,400 nominations spanning over 90 countries and territories worldwide. Wrapping up the VinFutureSci-Tech Week is the grand finale: “ Talk Future: Dialogue with the 2023 VinFuture Prize Laureates, ” scheduled for December 21st, 2023. Attendees can seize the morning session to personally connect with the esteemed 2023 VinFuture Prize Laureates as they share the inspirational scientific research journey that led them to prestigious accolades. Later in the afternoon, the Laureates will deliver an enthralling presentation catered towards exceptional young scientists, gifted students, innovative businesses, and the startup community, all eager to implement groundbreaking scientific advancements into practical applications. The VinFuture Prize has entered its third year with the prestige and stature increasingly affirmed by the global science and technology community, recognized on par with the world’s top prestigious awards. In Vietnam, the VinFuture Foundation and the VinFuture Prize also have a unique meaning, not only serve as a bridge to connect the world’s outstanding minds with the Vietnamese science and technology community but also contribute to inspiring and motivating Vietnamese science to catch up quickly and advance further on the global science and technology map. EVENT SCHEDULE FOR THE 2023 VINFUTURE SCI-TECH WEEK 1. “Science for Life” Symposia Date and time: 9:00 am - 3:45 pm, December 18th-19th, 2023 Location: Almaz International Convention Center, Hoa Lan Street, Vinhomes Riverside, Long Bien, Hanoi 2. VinFuture Discovery Talk Series Date and time: December 18th-21st, 2023 Anticipated locations: Nine (09) participating institutes, universities, and organizations 3. 2023 VinFuture Prize Award Ceremony Date and time: 8:00 pm – 10:00 pm, December 20th, 2023 Location: Ho Guom Opera House, 40 Hang Bai, Hoan Kiem, Hanoi 4. Talk Future: Dialogue with the 2023 VinFuture Prize Laureates Date and time: 9:00 am – 4:00 pm, December 21st, 2023 Location: VinUniversity, Vinhomes Ocean Park, Gia Lam, Hanoi About the VinFuture Prize The VinFuture Foundation, established on International Human Solidarity Day on December 20th, 2020, is a non-profit organization co-founded by billionaire Mr. Pham Nhat Vuong and his wife, Mrs. Pham Thu Huong. The Foundation's core activity is awarding the annual VinFuture Prize, which recognizes transformative scientific and technological innovations capable of making significant positive changes in the lives of millions of people worldwide. The VinFuture Prize consists of four prestigious awards presented each year. The most esteemed is the VinFuture Grand Prize, valued at US$3 million, making it one of the largest annual prizes globally. Additionally, there are three Special Prizes, each valued at US$500,000, specifically dedicated to honoring female innovators, innovators from developing countries, and innovators with outstanding achievements in emerging fields. In pursuit of its mission, the Foundation undertakes various activities. These include engaging in strategic grantmaking initiatives, fostering intellectual connections, and collaborating in the advancement of science and technology. Learn more at: https://vinfutureprize.org. Contact Details Media Contact v.chidqd1@vingroup.net

November 28, 2023 09:57 AM Eastern Standard Time

Image

Knightscope 9-Month Financial Report: Company Triples Net Revenue, Reduces Backlog

Benzinga

By Faith Ashmore, Benzinga Click here to learn more about the Knightscope Public Safety Infrastructure Bond. Technology is advancing quicker than ever with robotics, AI and space technology becoming not just possible but integrated into everyday life. The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 billion by 2030 with a CAGR of 15% from 2022-2030. Similarly, the AI market had a valuation of $454.12 billion in 2022 and is projected to reach approximately $2,575.16 billion by 2032, with a CAGR of 19% between 2023 and 2032. While things like mainstream AI adoption raised questions just 10 years ago, it is undoubtedly the way of the future. One company, in particular, took a gamble ten years ago and started combining technology in multiple multi-billion dollar markets such as robotics, AI, electric vehicles (EV), telecommunications and autonomous tech. Knightscope (NASDAQ: KSCP) is a technology company ushering in the dawn of Autonomous Security Robots (ASRs) and working hard to protect U.S. citizens from crime across the country. Its robots are designed to deter, detect and report potential security threats, providing valuable situational awareness to security and public safety professionals. Q3 Earnings Report Knightscope reported financial results for the nine months ending on September 30th, 2023. The company's net revenue for this period was approximately $9.8 million, which is almost triple the $3.3 million reported during the same time frame in 2022. This translates to an annual revenue run rate of around $13 million, which is more than double the previous year's net revenue of $5.6 million. The backlog for the company as of October 29th, 2023 was approximately $4.1 million, reflecting a decrease from the previous quarter. The backlog is subject to fluctuations as new orders come in, and the company has made significant progress in reducing its backlog. Although the backlog for autonomous security robots slightly increased, the backlog for K1B products was reduced by approximately $1.1 million. Knightscope has been working to improve its production and supply chain processes to increase production output. With these efforts and the scaling up of operations, the company has improved its gross margins. During the first nine months of 2022, Knightscope had a gross loss of $2.1 million, while during the same period in 2023, the gross loss was only $154,000. The company expects to see continued improvements in the future as it executes its plan for profitability. The company's performance has also improved on a per-share basis. The loss per common share for the period decreased from $0.40 to $0.26. As of September 30th, 2023, Knightscope had cash and cash equivalents of $4.6 million, and on December 31st, 2022, it had $4.8 million. The company also fully extinguished convertible notes secured in connection with the acquisition of CASE emergency systems by the end of the second quarter of 2023. Bond Offering Knightscope recently launched its public safety infrastructure bond offering. It is offering 10% interest, paid in cash annually, on up to a 5-year bond. For example, a $10,000 investment could yield $1,000 of interest in cash payments annually for 5 years. The company plans to conduct rolling closes of the bonds on a monthly basis and successfully completed its initial closing a few weeks ago. Investors begin earning interest on their closing date, and the bond offering will remain active for several months as per Reg A+ offering regulations. Contracts Heading Into 2024 Knightscope’s success has garnered national attention, and the company has won corporate contracts with major corporations such as PENN Entertainment (NASDAQ: PENN), PG&E (NYSE: PCG), ABM (NYSE: ABM) and Lowe's (NYSE: LOW). The company also recently announced a collaboration with the NYPD and MTA in New York City, as their robots will operate in the subway system during late-night hours. Known for their effectiveness and approachability, the K5 robots strike a balance between engagement and respect for privacy. These partnerships are among a long list of other collaborations. Knightscope also offers an educational series about the increasing role robots are playing in the economy today and the company’s mission to “make the United States the safest country in the world.” Click here to learn more about the Rise of the Robots. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

November 28, 2023 09:55 AM Eastern Standard Time

1 ... 626 627 628 629 630 ... 3768