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Category: GlobeNewswire

  • MIL-OSI: Arcis Capital Partners LLC Renamed As Quartus Capital Partners LLC With Renewed Focus on AI and Technology Investments

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 15, 2024 (GLOBE NEWSWIRE) — Quartus Capital Partners LLC, formerly known as Arcis Capital Partners LLC, is unveiling a bold new identity as part of its evolution into an Artificial Intelligence (AI) and technology investment firm.

    The rebranding as Quartus Capital Partners signifies a renewed focus on AI and technology investments—sectors that are not only burgeoning with innovation but also offer significant opportunities for growth and impact.

    “With the rebranding to Quartus Capital Partners, we harness our historical strengths and channel them into new opportunities, allowing us to remain at the leading edge of AI and technology investments,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. This new identity is a testament to our enduring commitment to lead and shape the markets of tomorrow by driving innovation and excellence in AI and technology ventures.

    Leading with Expertise: The Quartus Edge

    Quartus Capital Partners’ leadership team boasts over 30 years of expertise in AI and technology, offering unique insights into high-growth potential sectors. As a firm, we don’t just invest—we partner with companies, leveraging our deep expertise in growth and performance improvement to unlock their true potential.

    Venture Growth Equity Strategy with a Performance Edge

    Our strategy goes beyond typical venture investments. Quartus Capital Partners specializes in growth-stage ventures, combining the high-upside potential of venture capital with the downside risk protections usually seen in buyouts. With our deep expertise in growth and performance improvement, we help turn growth-stage ventures into market leaders poised for long-term success.

    Transforming Industries, Shaping the Future
    “At Quartus, we believe in the power of AI and technology to not only drive financial returns but to create lasting, positive change,” said Afzal M. Tarar, Founder & Managing Partner of Quartus Capital Partners. “We’re investing in the future, in companies that are not just part of the AI revolution, but are leading it.”

    About Quartus Capital Partners
    Quartus Capital Partners is an AI and technology investment firm with partner presence in New York City, Miami, Silicon Valley and Asia. Led by AI pioneers, technologists, and seasoned operators, we specialize in scaling growth-stage technology ventures. Our mission is to create market leaders that will define the future, improve performance across industries and make positive impact.

    Media Contact

    info@quartuscap.com

    The MIL Network –

  • MIL-OSI: Invesco Ltd: Form 8.3 – Learning Technologies Group PLC; Public dealing disclosure

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC DEALING DISCLOSURE BY
    A PERSON WITH INTERESTS IN RELEVANT SECURITIES REPRESENTING 1% OR MORE
    Rule 8.3 of the Takeover Code (the “Code”)

    1. KEY INFORMATION  
       
    (a) Full name of discloser: Invesco Ltd.  
    (b) Owner or controller of interests and short positions disclosed, if different from 1(a):
    The naming of nominee or vehicle companies is insufficient. For a trust, the trustee(s), settlor and beneficiaries must be named.    		    
    (c) Name of offeror/offeree in relation to whose relevant securities this form relates:
    Use a separate form for each offeror/offeree    		 Learning Technologies Group PLC  
    (d) If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree:    
    (e) Date position held/dealing undertaken:
    For an opening position disclosure, state the latest practicable date prior to the disclosure    		 11.10.2024  
    (f) In addition to the company in 1(c) above, is the discloser making disclosures in respect of any other party to the offer?
    If it is a cash offer or possible cash offer, state “N/A”    		 No  
       
    2. POSITIONS OF THE PERSON MAKING THE DISCLOSURE  
       
    If there are positions or rights to subscribe to disclose in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 2(a) or (b) (as appropriate) for each additional class of relevant security.  
    (a) Interests and short positions in the relevant securities of the offeror or offeree to which the disclosure relates following the dealing (if any)  
       
    Class of relevant security: 0.375p ordinary GB00B4T7HX10  
      Interests Short Positions  
      Number % Number %  
    (1) Relevant securities owned and/or controlled: 8,079,444 1.02      
    (2) Cash-settled derivatives:          
    (3) Stock-settled derivatives (including options) and agreements to purchase/sell:          
      Total 8,079,444 1.02      
       
    All interests and all short positions should be disclosed.

    Details of any open stock-settled derivative positions (including traded options), or agreements to purchase or sell relevant securities, should be given on a Supplemental Form 8 (Open Positions).

    		  
       
       
    (b) Rights to subscribe for new securities (including directors’ and other employee options)  
       
    Class of relevant security in relation to which subscription right exists:    
    Details, including nature of the rights concerned and relevant percentages:    
       
    3. DEALINGS (IF ANY) BY THE PERSON MAKING THE DISCLOSURE  
       
    Where there have been dealings in more than one class of relevant securities of the offeror or offeree named in 1(c), copy table 3(a), (b), (c) or (d) (as appropriate) for each additional class of relevant security dealt in.

    The currency of all prices and other monetary amounts should be stated.

    		  
    (a) Purchases and sales  
       
    Class of relevant security Purchase/sale Number of securities Price per unit  
    0.375p ordinary GB00B4T7HX10 Sale 3,381,761 0.93 GBP  
       
    (b) Cash-settled derivative transactions  
       
    Class of relevant security Product description e.g. CFD Nature of dealing e.g. opening/closing a long/short position, increasing/reducing a long/short position Number of reference securities Price per unit  
               
       
    (c) Stock-settled derivative transactions (including options)
     
    (i) Writing, selling, purchasing or varying
     
    Class of relevant security Product description e.g. call option Writing, purchasing, selling, varying etc. Number of securities to which option relates Exercise price per unit Type e.g. American, European etc. Expiry date Option money paid/ received per unit
                   
       
    (ii) Exercise  
       
    Class of relevant security Product description e.g. call option Exercising/ exercised against Number of securities Exercise price per unit  
               
       
    (d) Other dealings (including subscribing for new securities)  
                 
    Class of relevant security Nature of dealing e.g. subscription, conversion Details Price per unit (if applicable)  
             
             
       
    4. OTHER INFORMATION  
       
    (a) Indemnity and other dealing arrangements  
       
    Details of any indemnity or option arrangement, or any agreement or understanding, formal or informal, relating to relevant securities which may be an inducement to deal or refrain from dealing entered into by the person making the disclosure and any party to the offer or any person acting in concert with a party to the offer:
    Irrevocable commitments and letters of intent should not be included. If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (b) Agreements, arrangements, or understandings relating to options or derivatives  
       
    Details of any agreement, arrangement or understanding, formal or informal, between the person making the disclosure and any other person relating to:
    (i) the voting rights of any relevant securities under any option; or
    (ii) the voting rights or future acquisition or disposal of any relevant securities to which any derivative is referenced:
    If there are no such agreements, arrangements or understandings, state “none”    		  
    None  
       
    (c) Attachments  
       
    Is a Supplemental Form 8 (Open Positions) attached? NO  
       
    Date of disclosure 14.10.2024  
    Contact name Philippa Holmes  
    Telephone number +441491417447  
       

    Public disclosures under Rule 8 of the Code must be made to a Regulatory Information Service.

    The Panel’s Market Surveillance Unit is available for consultation in relation to the Code’s disclosure requirements on +44 (0)20 7638 0129.

    The Code can be viewed on the Panel’s website at http://www.thetakeoverpanel.org.uk.

    The MIL Network –

  • MIL-OSI: Correction: Prepayments (CK93) – Totalkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Prepayments (CK93)

    Pursuant to s 24 of the Danish Capital Markets Act, Totalkredit A/S hereby publishes prepayment data (CK93) as at 11 October 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial-reporting/prepayments/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Totalkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI: RYVYL to Present at the LD Micro Main Event XVII

    Source: GlobeNewswire (MIL-OSI)

    SAN DIEGO, CA, Oct. 14, 2024 (GLOBE NEWSWIRE) — RYVYL Inc. (NASDAQ: RVYL) (“RYVYL” or the “Company”), a leading innovator of payment transaction solutions leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, today announced it will participate at the LD Micro Main Event XVII being held October 28-30, 2024, at the Luxe Sunset Blvd Hotel in Los Angeles.

    RYVYL Chairman and Co-Founder, Ben Errez, and Chief Financial Officer, George Oliva, will be in attendance to present to conference attendees and available for 1×1 meetings with investors throughout the conference. For more information on the LD Micro Main Event XVII, or to schedule a one-on-one meeting, please contact your conference representative, or email your request to RYVYL@lhai.com.

    Presentation Time:  October 29, 11:00 am PT
       Webcast Link
       

    The webcast of the presentation will also be found on the investor relations section of RYVYL’s website: RYVYL Investor Events.

    About RYVYL

    RYVYL Inc. (NASDAQ: RVYL) was born from a passion for empowering a new way to conduct business-to-business, consumer-to-business, and peer-to-peer payment transactions around the globe. By leveraging proprietary blockchain ledger and electronic payment technology for diverse international markets, RYVYL is a leading innovator of payment transaction solutions reinventing the future of financial transactions. Since its founding as GreenBox POS in 2017 in San Diego, RYVYL has developed applications enabling an end-to-end suite of turnkey financial products with enhanced security and data privacy, world-class identity theft protection, and rapid speed to settlement. As a result, the platform can log immense volumes of immutable transactional records at the speed of the internet for first-tier partners, merchants, and consumers around the globe. http://www.ryvyl.com

    Cautionary Note Regarding Forward-Looking Statements

    This press release includes information that constitutes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are based on the Company’s current beliefs, assumptions, and expectations regarding future events, which in turn are based on information currently available to the Company. Such forward-looking statements include statements regarding the timing and expectation of revenues from the license described herein and are characterized by future or conditional words such as “may,” “will,” “expect,” “intend,” “anticipate,” “believe,” “estimate” and “continue” or similar words. You should read statements that contain these words carefully because they discuss future expectations and plans, which contain projections of future results of operations or financial condition or state other forward-looking information.

    By their nature, forward-looking statements address matters that are subject to risks and uncertainties. A variety of factors could cause actual events and results to differ materially from those expressed in or contemplated by the forward-looking statements, including the risk that the licensee understands and complies with various banking laws and regulations that may impact the licensee’s ability to process transactions. For example, federal money laundering statutes and Bank Secrecy Act regulations discourage financial institutions from working with operators of certain industries – particularly industries with heightened cash reporting obligations and restrictions – as a result of which, banks may refuse to process certain payments and/or require onerous reporting obligations by payment processors to avoid compliance risk. These and other risk factors affecting the Company are discussed in detail in the Company’s periodic filings with the SEC. The Company undertakes no obligation to publicly update or revise any forward-looking statement, whether because of the latest information, future events or otherwise, except to the extent required by applicable laws.

    IR Contact: David Barnard, LHA Investor Relations, 415-433-3777, RYVYL@lhai.com

    The MIL Network –

  • MIL-OSI: Correction: Prepayments (CK93) – Nykredit Realkredit A/S

    Source: GlobeNewswire (MIL-OSI)

    To the Nasdaq Copenhagen

    Prepayments (CK93)

    Pursuant to s 24 of the Danish Capital Markets Act, Nykredit Realkredit A/S hereby publishes prepayment data (CK93) as at 11 October 2024 in the attached file.

    Furthermore, the data will be distributed in the usual way through Nasdaq Copenhagen. Data on Nykredit and Totalkredit bonds is also available by ISIN code in Excel format on https://www.nykredit.com/en-gb/investor-relations/financial-reporting/prepayments/.

    For further information about data format and contents, please refer to the Nasdaq website.

    Questions may be addressed to Morten Bækmand Nielsen, Head of Investor Relations, tel +45 44 55 15 21.

    Yours sincerely
    Nykredit Realkredit A/S

    Attachments

    The MIL Network –

  • MIL-OSI: Šiaulių Bankas AB plans a bond offering, subject to market conditions

    Source: GlobeNewswire (MIL-OSI)

    Šiaulių Bankas AB plans an offering of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write Down Notes, subject to market conditions.

    THIS NOTICE DOES NOT CONSTITUTE OR FORM PART OF ANY OFFER, INVITATION TO SELL OR ISSUE, OR ANY SOLICITATION OF AN OFFER TO PURCHASE OR SUBSCRIBE FOR, ANY SECURITIES OF AKCINĖ BENDROVĖ ŠIAULIŲ BANKAS.

    On 14 October 2024, the Management Board of Šiaulių Bankas AB approved an offering of Fixed Rate Reset Perpetual Additional Tier 1 Temporary Write Down which would follow subject to market conditions.

    Šiaulių Bankas AB has mandated Goldman Sachs Bank Europe SE as Lead Manager to arrange a series of virtual fixed income investor meetings commencing on 14 October. Relevant stabilisation regulations including FCA/ICMA will apply.

    This communication is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of securities or possession or distribution of this announcement in any jurisdiction where action for that purpose is required. Persons into whose possession this announcement comes are required to inform themselves about and to observe any such restrictions.

    Additional information:
    Tomas Varenbergas
    Head of Investment Management Division
    tomas.varenbergas@sb.lt   

    The MIL Network –

  • MIL-OSI: Publication of eQ Plc’s Q3 2024 interim report and invitation to result presentation

    Source: GlobeNewswire (MIL-OSI)

    eQ Plc Investor news
    14 October 2024, at 2:00 p.m.

    eQ Plc will publish its Q3 2024 interim report on Tuesday 22 October 2024 at around 8:00 a.m. eQ will present the result to press, investors and analysts in a press conference to be held on 22 October 2024 at 11:00 a.m. The press conference will held at eQ’s head office in Helsinki, address Aleksanterinkatu 19, 5th floor, 00100 Helsinki and it is also possible to participate via webcast. The webcast participation requires a registration.

    The press conference will be held in Finnish. The presentation material can be viewed at eQ’s website after the press conference has begun. To join the press conference, please register with Nicolina.Zilliacus@eq.fi.

    eQ Plc

    Additional information: Mikko Koskimies, CEO, tel. +358 9 6817 8799

    Distribution: Nasdaq Helsinki, http://www.eQ.fi, media

    eQ Group is a Finnish group of companies specialising in asset management and corporate finance business. eQ Asset Management offers a wide range of asset management services (including private equity funds and real estate asset management) for institutions and individuals. The assets managed by the Group total approximately EUR 13.2 billion. Advium Corporate Finance, which is part of the Group, offers services related to mergers and acquisitions, real estate transactions and equity capital markets.

    More information about the Group is available on our website at http://www.eQ.fi.

    The MIL Network –

  • MIL-OSI: ASM informs the market about ASMPT announcement

    Source: GlobeNewswire (MIL-OSI)

    Almere, The Netherlands
    October 14, 2024, 1:00 p.m. CET

    ASM international N.V. (Euronext Amsterdam: ASM) informs the market that ASMPT, in which ASM has a shareholding of approximately 25%, today announced that it received a non-binding approach in relation to a possible privatization of ASMPT. 

    ASM is a shareholder in ASMPT Ltd. (“ASMPT”), which today issued an announcement that its board has received a preliminary non-binding approach from an independent third party (the “Potential Offeror”) in relation to a possible privatization of ASMPT. ASMPT further mentioned in its announcement today that discussions are at an early stage and that it has not reached any agreement with the Possible Offeror for any offer, and that there is no certainty that the preliminary non-binding approach will lead to an offer being made in relation to its shares.

    About ASM International

    ASM International N.V., headquartered in Almere, the Netherlands, and its subsidiaries design and manufacture equipment and process solutions to produce semiconductor devices for wafer processing, and have facilities in the United States, Europe, and Asia. ASM International’s common stock trades on the Euronext Amsterdam Stock Exchange (symbol: ASM). For more information, visit ASM’s website at http://www.asm.com.

    Cautionary note regarding forward-looking statements: All matters discussed in this press release, except for any historical data, are forward-looking statements. Forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from those in the forward-looking statements. These include, but are not limited to, economic conditions and trends in the semiconductor industry generally and the timing of the industry cycles specifically, currency fluctuations, corporate transactions, financing and liquidity matters, the success of restructurings, the timing of significant orders, market acceptance of new products, competitive factors, litigation involving intellectual property, shareholders or other issues, commercial and economic disruption due to natural disasters, terrorist activity, armed conflict or political instability, changes in import/export regulations, epidemics, pandemics and other risks indicated in the company’s reports and financial statements. The company assumes no obligation nor intends to update or revise any forward-looking statements to reflect future developments or circumstances.
    This press release contains inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

    Contact

    Investor and media relations

    Victor Bareño
    T: +31 88 100 8500
    E: investor.relations@asm.com

    		  

    Investor relations

    Valentina Fantigrossi
    T: +31 88 100 8502
    E: investor.relations@asm.com

    The MIL Network –

  • MIL-OSI: OTC Markets Group Welcomes Blumetric Environmental, Inc. to OTCQX

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) — OTC Markets Group Inc. (OTCQX: OTCM), operator of regulated markets for trading 12,000 U.S. and international securities, today announced Blumetric Environmental, Inc. (TSX-V: BLM; OTCQX: BLMWF), (“BluMetric”) an integrated product and service organization, has qualified to trade on the OTCQX® Best Market. BluMetric Environmental, Inc. upgraded to OTCQX from the Pink® market.

    BluMetric Environmental, Inc. begins trading today on OTCQX under the symbol “BLMWF.”  U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on http://www.otcmarkets.com.

    The OTCQX Market provides investors with a premium U.S. public market to research and trade the shares of investor-focused companies. Graduating to the OTCQX Market marks an important milestone for companies, enabling them to demonstrate their qualifications and build visibility among U.S. investors. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance, and demonstrate compliance with applicable securities laws. 

    “We are excited to announce our trading debut on the OTCQX,  a milestone that reflects our commitment to connecting with a broader investor base,” said Scott MacFabe, CEO of BluMetric. “This achievement coincides with our strategic expansion into the U.S. market through our recent acquisition of Gemini Water. We look forward to leveraging this platform as we execute on our new opportunities and drive shareholder value.”

    About BluMetric Environmental Inc.
    BluMetric Environmental Inc. is an integrated product and service organization. It principally provides sustainable solutions for complex environmental issues. It serves clients in many industrial sectors, and at all levels of government, both domestically and internationally. The organization offers services and solutions such as environmental earth sciences and engineering; contaminated site remediation; water resource management; industrial hygiene; occupational health and safety; and water and wastewater design-build and pre-engineered solutions. It operates in Canada and internationally, of which the majority of the revenue is derived from the operations in Canada.

    About OTC Markets Group Inc.
    OTC Markets Group Inc. (OTCQX: OTCM) operates regulated markets for trading 12,000 U.S. and international securities. Our data-driven disclosure standards form the foundation of our three public markets: OTCQX® Best Market, OTCQB® Venture Market and Pink® Open Market.

    Our OTC Link® Alternative Trading Systems (ATSs) provide critical market infrastructure that broker-dealers rely on to facilitate trading.  Our innovative model offers companies more efficient access to the U.S. financial markets.

    OTC Link ATS, OTC Link ECN and OTC Link NQB are each an SEC regulated ATS, operated by OTC Link LLC, a FINRA and SEC registered broker-dealer, member SIPC.

    To learn more about how we create better informed and more efficient markets, visit http://www.otcmarkets.com.

    Subscribe to the OTC Markets RSS Feed

    Media Contact:
    OTC Markets Group Inc., +1 (212) 896-4428, media@otcmarkets.com

    The MIL Network –

  • MIL-OSI: Baker Hughes, Repsol to Develop Next Generation Digital Capabilities Through Leucipa™

    Source: GlobeNewswire (MIL-OSI)

    • Companies will develop new AI-powered processes and workflows to achieve further optimization in oil and gas production
    • Knowledge sharing will enhance Leucipa’s capabilities

    HOUSTON and LONDON, Oct. 14, 2024 (GLOBE NEWSWIRE) — Baker Hughes (NASDAQ: BKR), an energy technology company, and Repsol, a global multi-energy company, announced Monday a new agreement to collaboratively develop and deploy next-generation artificial intelligence capabilities through the Leucipa™ automated field production solution.

    Through this strategic collaboration, AI-powered automation workflows will be developed and implemented throughout Repsol’s assets around the globe to unlock new operational capabilities. This collaboration will leverage the shared knowledge, best practices and technical expertise of both companies to optimize production, improve efficiency and reduce emissions.

    “Artificial intelligence is revolutionizing energy production, and Leucipa enables companies to operate more efficiently to recover more from their assets,” said Amerino Gatti, executive vice president of Oilfield Services & Equipment at Baker Hughes. “Repsol has long been a trusted collaborator, and their support has helped Leucipa develop into the industry’s most innovative and effective digital production software. We are excited to work together to accelerate the energy industry’s digital evolution.”

    Repsol has leveraged Leucipa across their operations since the introduction of the solution, helping to optimize their digital infrastructure and operational capabilities. The memorandum of understanding signed Oct. 11, 2024, will deepen that relationship while also reinforcing Repsol’s position as an industry leader and creating new commercial opportunities for Leucipa.

    The Leucipa automated field production solution helps oil and gas operators proactively manage production and reduce carbon emissions. Leucipa focuses first on the specific outcome an operator wants to achieve, harnessing and leveraging data to drive intelligent operations. By automating production processes, Leucipa will reduce inefficiency, ensure more environmentally sound operations, and enable customers to help recover the millions of barrels that would have otherwise remained in the ground.

    About Baker Hughes
    Baker Hughes (NASDAQ: BKR) is an energy technology company that provides solutions to energy and industrial customers worldwide. Built on a century of experience and conducting business in over 120 countries, our innovative technologies and services are taking energy forward – making it safer, cleaner and more efficient for people and the planet. Visit us at bakerhughes.com.

    For more information, please contact:

    Media Relations

    Brian Reynolds
    +1 346-315-6663
    brian.reynolds@bakerhughes.com

    Investor Relations:

    Chase Mulvehill
    +1 346-297-2561
    investor.relations@bakerhughes.com

    The MIL Network –

  • MIL-OSI: Descartes Acquires Sellercloud

    Source: GlobeNewswire (MIL-OSI)

    Adds Inventory Management and Order Management Capabilities to Descartes’ Ecommerce Suite

    WATERLOO, Ontario and ATLANTA, Oct. 14, 2024 (GLOBE NEWSWIRE) — Descartes Systems Group (TSX:DSG) (Nasdaq:DSGX), the global leader in uniting logistics-intensive businesses in commerce, announced that it has acquired Sellercloud, a leading provider of omnichannel ecommerce solutions.

    Based in the US, Sellercloud supports small and mid-market retailers, distributors, wholesalers, and manufacturers with multi-channel ecommerce operations. Sellercloud’s Inventory Management Solutions and Order Management Solutions (IMS/OMS) help customers synchronize, plan and manage inventory levels across multiple sales channels. In addition, Sellercloud helps product sellers orchestrate the fulfillment process from routing orders to the right warehouse to enabling warehouse staff to better manage order picking, packing, shipping, and returns.

    “Our integrated ecommerce solutions are designed to help product sellers through all phases of their growth, from a single product startup to a global multi-channel enterprise,” said Mikel Richardson, General Manager of ecommerce at Descartes. “Sellercloud expands our product suite with advanced inventory and order management capabilities that our customers have been asking for. When combined with Descartes’ existing ecommerce shipping, fulfilment and warehouse management solutions, we believe the result is a truly differentiated offering to manage the full lifecycle of domestic and cross-border ecommerce shipments.”

    “We continue to listen to our customers for key areas of investment in our Global Logistics Network,” said Edward J. Ryan, Descartes’ CEO. “Sellercloud directly complements our ecommerce investments in XPS, ShipRush, pixi, and Peoplevox, and we’re excited to welcome the Sellercloud employees, customers and partners into the Descartes family.”

    Sellercloud is headquartered in New Jersey. Descartes acquired Sellercloud for up-front consideration of approximately US $110 million satisfied from cash on hand, plus additional potential performance-based consideration. The maximum amount payable under the all-cash performance-based earn-out is US $20 million, based on the combined business achieving revenue-based targets in each of the first two years post-acquisition. Any earn-out is expected to be paid in fiscal 2026 and fiscal 2027.

    About Descartes Systems Group           
    Descartes is the global leader in providing on-demand, software-as-a-service solutions focused on improving the productivity, security, and sustainability of logistics-intensive businesses. Customers use our modular, software-as-a-service solutions to route, track and help improve the safety, performance and compliance of delivery resources; plan, allocate and execute shipments; rate, audit and pay transportation invoices; access global trade data; file customs and security documents for imports and exports; and complete numerous other logistics processes by participating in the world’s largest, collaborative multimodal logistics community. Our headquarters are in Waterloo, Ontario, Canada and we have offices and partners around the world. Learn more at http://www.descartes.com, and connect with us on LinkedIn and X (Twitter).

    Descartes Investor Contact         
    Laurie McCauley
    (519) 746-2969
    investor@descartes.com

    Cautionary Statement Regarding Forward-Looking Statements

    This release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”) that relate to Descartes’ acquisition of Sellercloud and its solution offerings; the potential to provide customers with omnichannel ecommerce solutions including inventory management and order management solutions; other potential benefits derived from the acquisition and Sellercloud’s solution offerings; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the expected future performance of the Sellercloud business based on its historical and projected performance as well as the factors and assumptions discussed in the section entitled, “Certain Factors That May Affect Future Results” in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities commissions across Canada including Descartes’ most recently filed management’s discussion and analysis. If any such risks actually occur, they could materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially. Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management’s current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

    The MIL Network –

  • MIL-OSI: Dragonfly Energy Announces Dragonfly IntelLigence™ Smart Battery Technology for Heavy Duty Trucking Lithium Power Systems

    Source: GlobeNewswire (MIL-OSI)

    NASHVILLE, Tenn., Oct. 14, 2024 (GLOBE NEWSWIRE) — Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) (“Dragonfly Energy” or the “Company”), an industry leader in energy storage and maker of Battle Born Batteries®, unveiled at the American Trucking Associations’ annual Management Conference & Exhibition its Dragonfly IntelLigence™ technology for the heavy duty trucking industry. This patent-pending smart battery technology gives fleets and truck drivers real-time system monitoring and app-based connectivity, providing full visibility over their battery system. Building upon the proven reliability of Battle Born Batteries, Dragonfly IntelLigence represents the next generation of the Company’s energy storage solutions, designed to optimize performance and efficiency in demanding commercial applications.

    Dragonfly IntelLigence communication technology empowers drivers with real-time insights into their entire battery system, providing visibility at both the individual battery level and the system as a whole. By combining a wireless mesh network with Bluetooth connectivity, drivers can use the Battle Born mobile app to monitor battery life, set custom alerts, and access historical usage data. This comprehensive connectivity, unique to Dragonfly Energy’s system, provides a significant advantage over competitor Bluetooth solutions, and will provide drivers with peace of mind and enhanced control over their power source. Additionally, through the Dragonfly IntelLigence Hub, OEMs can transmit battery data via external communication protocols, such as RV-C (Recreation Vehicle-CAN), allowing for seamless integration with in-cab displays and fleet management systems.

    This new, advanced smart lithium solution provides a powerful addition to the Company’s award-winning Battle Born® All-Electric Auxiliary Power Unit (“APU”), delivering enhanced capabilities beyond what was previously available. The advanced monitoring capability of Dragonfly IntelLigence, gives drivers the visibility to now have complete confidence in the company’s lithium powered system’s ability to maintain power during rest periods, eliminating the need for idling or auto start/stop.

    “The integration of our patented Dragonfly IntelLigence technology marks a significant advancement for our APU solution,” said Wade Seaburg, chief revenue officer of Dragonfly Energy. “This upgrade gives drivers comprehensive visibility over their battery system so they can rest easy knowing the battery won’t drain nor the truck restart while they are trying to sleep. By prioritizing driver experience and efficiency, we’re helping fleets reduce costs and improve sustainability.”

    The Battle Born All-Electric APU, equipped with Dragonfly IntelLigence as an optional upgrade, is available now to fleets and OEMs, with public availability to owner/operators expected by the end of the calendar year 2024.

    For more information about Dragonfly Energy, visit DragonflyEnergy.com. To learn more about Dragonfly IntelLigence™ click here.

    About Dragonfly Energy 
    Dragonfly Energy Holdings Corp. (Nasdaq: DFLI) is a comprehensive lithium battery technology company, specializing in cell manufacturing, battery pack assembly, and full system integration. Through its renowned Battle Born Batteries® brand, Dragonfly Energy has established itself as a frontrunner in the lithium battery industry, with hundreds of thousands of reliable battery packs deployed in the field through top-tier OEMs and a diverse retail customer base. At the forefront of domestic lithium battery cell production, Dragonfly Energy’s patented dry electrode manufacturing process can deliver chemistry-agnostic power solutions for a broad spectrum of applications, including energy storage systems, electric vehicles, and consumer electronics. The Company’s overarching mission is the future deployment of its proprietary, nonflammable, all-solid-state battery cells.

    To learn more about Dragonfly Energy and its commitment to clean energy advancements, visit http://www.dragonflyenergy.com/investors.

    Forward-Looking Statements
    This press release contains forward-looking statements within the meaning of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical statements of fact and statements regarding the Company’s intent, belief, or expectations, including, but not limited to, statements regarding Dragonfly IntelLigence™, the Company’s future results of operations and financial position, planned products and services, business strategy and plans, market size and growth opportunities, competitive position and technological and market trends. Some of these forward-looking statements can be identified by the use of forward-looking words, including “may,” “should,” “expect,” “intend,” “will,” “estimate,” “anticipate,” “believe,” “predict,” “plan,” “targets,” “projects,” “could,” “would,” “continue,” “forecast” or the negatives of these terms or variations of them or similar expressions.

    These forward-looking statements are subject to risks, uncertainties, and other factors (some of which are beyond the Company’s control) which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. Such factors include those set forth in the sections entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023, and in the Company’s subsequent filings with the SEC available at http://www.sec.gov. If any of these risks materialize or any of the Company’s assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that the Company presently does not know or that it currently believes are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. All forward-looking statements contained in this press release speak only as of the date they were made. Except to the extent required by law, the Company undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made.

    Investor Relations
    Caldwell Bailey
    ICR, Inc.
    DragonflyIR@icrinc.com

    Media Contacts:
    Susan Fall
    LaunchIt Public Relations
    619-890-9415
    susan@launchitpr.com

    Amy Demuth
    RAD Strategies Inc.
    775-323-6333
    dragonfly@radstrategiesinc.com

    Source: Dragonfly Energy Holdings Corp.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cef2a1be-a6b5-4b51-8326-698f3f3f7227

    The MIL Network –

  • MIL-OSI: Global PROTAC Therapy Market Clinical Trials Drug Approval Insight

    Source: GlobeNewswire (MIL-OSI)

    Delhi, Oct. 14, 2024 (GLOBE NEWSWIRE) — Global PROTAC Targeted Protein Degraders Market Opportunity & Clinical Trials Insight 2027 Report Finding & Inclusions:

    • First PROTAC Drug Approval Expected By  2027
    • Global & Regional PROTAC Drug Market Trends Insight
    • First 12 Months & First 5 Years Market Size Estimates Since Approval
    • Global PROTAC Drugs Clinical Trials Insight By Company, Country, Indication & Phase: > 90 Drugs
    • FDA Fast Track & Orphan Drug Status Insight By Company & Indication
    • Comprehensive Insight On PROTAC Technology Platforms:  10 Platforms
    • Global PROTAC Drug Market Trends By Indications
    • Competitive Landscape
    Features Details
    Key Segments By Indication, By Region, Technology Platforms
    Therapeutic Areas Cancer, Infectious Diseases, Autoimmune & Inflammatory Diseases and others
    Countries Covered US, China, South Korea
    Report Coverage Mechanism of Action, Potential in Cancer, Comprehensive Clinical Drugs Insight, Current Trends and Future Opportunities
    Companies Covered Arvinas, EnhancedBio, Uppthera, TYK Medicine, Axter Therapeutics among others

    Download Report: https://www.kuickresearch.com/report-protac-targeted-protein-degraders-protac–therapy-protac-drug-approved

    Significant advancements have been made in the field of drug discovery in recent years with the aim of overcoming the drawbacks of conventional small-molecule therapies. Among these, the development of Proteolysis Targeting Chimeras, or PROTACs, is one of the most exciting developments. These dual-purpose compounds have become a cutting-edge method for selectively breaking down proteins, providing a special way to treat a range of diseases, such as cancer and neurological conditions.

    PROTACs are synthetic compounds designed  to specifically break down particular proteins by utilizing the ubiquitin-proteasome system (UPS) found in cells. Theoretically, in drug development, the ability to eradicate disease-associated proteins instead of simply blocking them presents a potent alternative. In this regard, PROTACs work by attracting an E3 ubiquitin ligase to the target protein, designating it for degradation, in contrast to conventional therapies that block protein activity. As a result of this process, the protein’s cellular levels are decreased, hence downregulating its activity.

    The mechanism of PROTACs is piloted by three key elements: an E3 ligase ligand, a target protein ligand, and a linker that joins the two. When a PROTAC molecule enters a cell, it recruits an E3 ligase and uses its ligand to attach to the target protein. The target protein is then signaled for proteasome breakdown by this ligase’s transfer of ubiquitin molecules. PROTACs are highly adaptable in drug development because of their modular structure, which makes it simple to create and optimize these compounds to target different proteins.

    The ability of PROTACs to selectively degrade particular proteins is one of their greatest advantages. A more favorable safety profile results from this tailored approach’s reduction of off-target effects, which are frequently linked to conventional small-molecule inhibitors. Resistance to conventional treatments is a hallmark of many diseases, including cancer. PROTACs may be able to get over these challenges and regain therapeutic efficacy by addressing the underlying proteins that cause resistance. Furthermore, PROTACs can also target proteins that are challenging to inhibit efficiently using conventional small molecules by taking advantage of the UPS. Many proteins implicated in disease pathways lack appropriate binding sites for small compounds, giving PROTACs an edge since they do not require particular binding sites on the target protein.

    Since the protein is eliminated from the cell when a PROTAC breaks down a target protein, the effects may endure for a long time and may result in long-lasting therapeutic benefits. One of the main areas of PROTAC development has been cancer treatment. PROTACs have been used to target particular oncoproteins, such as those implicated in signaling pathways that support tumor growth. In preclinical models, for example, PROTACs that target mutant variants of oncogenic proteins, such as KRAS, have demonstrated potential. PROTACs have the potential to produce longer-lasting remission and more substantial therapeutic effects by breaking down these proteins as opposed to just blocking them.

    Neurodegenerative diseases, such as Alzheimer’s and Parkinson’s, present unique challenges due to the accumulation of misfolded proteins that disrupt cellular function. PROTACs have demonstrated the ability to target these aggregated proteins for destruction, providing a unique therapeutic approach to slow the progression of the disease. For instance, studies are being conducted to create PROTACs that have the ability to specifically break down tau and α-synuclein protein aggregates, which are linked to Alzheimer’s and Parkinson’s diseases, respectively.

    Although PROTACs have shown promise in early clinical trials, more research is needed to assess their safety, effectiveness, and optimal dosing schedules. To advance this exciting area of study, collaboration among researchers, academics, and physicians is essential. For disorders that are difficult to treat with traditional methods, PROTACs offer a groundbreaking approach to therapy development. They use the body’s natural protein breakdown processes to specifically target and remove harmful proteins, which could lead to improved treatment options in oncology and other fields. With continued investigation, PROTACs have the potential to transform modern medicine and introduce a new era of targeted therapies.

    The MIL Network –

  • MIL-OSI: MKS Instruments Announces Third Quarter 2024 Earnings Conference Call

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Oct. 14, 2024 (GLOBE NEWSWIRE) — MKS Instruments, Inc. (NASDAQ: MKSI), a global provider of enabling technologies that transform our world, today announced that the Company will release third quarter 2024 financial results after market close on Wednesday, November 6, 2024.

    A conference call with management will be held on Thursday, November 7, 2024 at 8:30 a.m. (Eastern Time). A live and archived webcast of the call will be available on the company’s website at https://investor.mks.com/. To participate in the call by phone, participants should register online by clicking here, where dial in details will be provided. We encourage participants to register and dial in to the conference call at least 15 minutes before the start of the call to ensure a timely connection.

    About MKS Instruments

    MKS Instruments enables technologies that transform our world. We deliver foundational technology solutions to leading edge semiconductor manufacturing, electronics and packaging, and specialty industrial applications. We apply our broad science and engineering capabilities to create instruments, subsystems, systems, process control solutions and specialty chemicals technology that improve process performance, optimize productivity and enable unique innovations for many of the world’s leading technology and industrial companies. Our solutions are critical to addressing the challenges of miniaturization and complexity in advanced device manufacturing by enabling increased power, speed, feature enhancement, and optimized connectivity. Our solutions are also critical to addressing ever-increasing performance requirements across a wide array of specialty industrial applications. Additional information can be found at http://www.mks.com.

    MKS Investor Relations Contact:
    Paretosh Misra, VP, Investor Relations
    Telephone: (978) 284-4705
    Email: paretosh.misra@mksinst.com

    The MIL Network –

  • MIL-OSI: Asset Entities Signs Macy Gray, Multi-Platinum, Grammy Award Winning Artist, to Design, Develop, and Manage Her Music and Entertainment Discord Community

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Oct. 14, 2024 (GLOBE NEWSWIRE) — Asset Entities Inc. (“Asset Entities” or “the Company”) (NASDAQ: ASST), a provider of digital marketing and content delivery services across Discord and other social media platforms, and a Ternary Payment Platform company, today announced that renowned Grammy Award-winning R&B and soul singer, songwriter, producer and actress Macy Gray has chosen Asset Entities to Design, Develop, and Manage her server on the Discord social community platform.

    Macy Gray is a worldwide icon, revered for her unique approach to sound, lyrics, fashion, and acting. Gray has sold over 25 million album copies worldwide, won a Grammy for Best Female Vocal Performance for her song “I Try,” and has appeared in legendary movies such as Training Day and Spider Man. Macy had essentially given up on her music career when Jeff Blue, who was a young executive at Zomba Music Publishing, heard her demo in 1996 and knew her voice was something the world needed to hear. They developed her sound together, created a bidding war, signed with Epic Records, and Macy’s legend began.

    Macy has decided to team with Asset Entities to create a digital platform to give new artists a shot at stardom, showcasing their talent digitally on the platform Discord. “I am thrilled to be working with Asset Entities,” said Ms. Gray. “Asset Entities represents the future of fan engagement via Discord, and that’s why I chose to partner with the best in the game when it comes to growing fan bases via Discord.”

    Jeff Blue, Asset Entities’ Head of Entertainment, added, “I am so proud to have played a part in discovering Macy back in 1996, and teaming with her again 28 years later is an honor. There’s so much chaos in the music industry right now and I feel that Macy’s musical and personal integrity allows her to be the ideal person to help discover and develop new talent, representing the American dream. She is a role model of courage and faith, and among our century’s greatest entertainers.”

    To learn about Asset Entities, please go to http://www.assetentities.com. To learn about the Ternary payment platform, please go to http://www.ternarydev.com. To learn about Asset Entities 360 suite of discord services, go to http://www.ae360ddm.com and https://discord.gg/ae360ddm.  

    About Asset Entities, Inc.

    Asset Entities Inc. is a technology company providing social media marketing, management, and content delivery across Discord, TikTok, Instagram, X (formerly Twitter), YouTube, and other social media platforms. Asset Entities is believed to be the first publicly traded Company based on the Discord platform, where it hosts some of Discord’s largest social community-based education and entertainment servers. The Company’s AE.360.DDM suite of services is believed to be the first of its kind for the Design, Development, and Management of Discord community servers. Asset Entities’ initial AE.360.DDM customers have included businesses and celebrities. The Company also has its Ternary payment platform that is a Stripe-verified partner and CRM for Discord communities. The Company’s Social Influencer Network (SiN) service offers white-label marketing, content creation, content management, TikTok promotions, and TikTok consulting to clients in all industries and markets. The Company’s SiN influencers can increase the social media reach of client Discord servers and drives traffic to their businesses. Learn more at assetentities.com, and follow the Company on X at $ASST and @assetentities.

    Important Cautions Regarding Forward-Looking Statements

    This press release contains forward-looking statements. In addition, from time to time, representatives of the Company may make forward-looking statements orally or in writing. These forward-looking statements are based on expectations and projections about future events, which are derived from the information currently available to the Company. Such forward-looking statements relate to future events or the Company’s future performance, including its financial performance and projections, growth in revenue and earnings, and business prospects and opportunities. Forward-looking statements can be identified by those statements that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors including those that are described in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. These and other factors may cause the Company’s actual results to differ materially from any forward-looking statement. Forward-looking statements are only predictions. The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

    Company Contacts:
    Arshia Sarkhani, President and Chief Executive Officer
    Michael Gaubert, Executive Chairman
    Asset Entities Inc.
    Tel +1 (214) 459-3117 
    Email Contact

    Investor Contact:
    Skyline Corporate Communications Group, LLC
    Scott Powell, President
    1177 Avenue of the Americas, 5th Floor
    New York, NY 10036
    Office: (646) 893-5835
    Email: info@skylineccg.com

    The MIL Network –

  • MIL-OSI: Red Cat Introduces ARACHNID™ Family of Small ISR and Precision Strike Systems at AUSA 2024

    Source: GlobeNewswire (MIL-OSI)

    SAN JUAN, Puerto Rico, Oct. 14, 2024 (GLOBE NEWSWIRE) — Red Cat Holdings, Inc. (Nasdaq: RCAT) (“Red Cat”), a drone technology company building hardware and software for military, federal, and commercial operations, today introduced its ARACHNID™ family of unmanned intelligence, surveillance, and reconnaissance (ISR) and precision strike systems. Red Cat unveiled the Family of Systems at AUSA 2024 Annual Meeting and Exposition in Washington D.C.

    The ARACHNID family of systems is purpose built for the U.S. Army’s roadmap to integrate UAS and long endurance aircraft in a combined arms fight with synchronized fire and maneuver across various command levels. Red Cat currently addresses the needs of warfighters at the platoon and company level with drones that span capabilities and endurance for short and medium-range operations in air, land, and maritime environments. Future potential partnerships will enable long-range reconnaissance.

    Red Cat redefines the future of sUAS for defense applications by combining the capabilities of portable, low-cost, and recoverable ISR drones with precision strike payloads. The company is enabling a shift away from legacy, high-cost UAS to highly interoperable systems that can adapt to a rapidly evolving battlefield. This shift includes layered UAS/LE deployment to shape fires and maneuver, extended reach via networks and autonomy, and reduced cognitive burden with increased safety and survivability for warfighters.

    “The U.S. Army has prioritized integrating UAS across military formations from squad to corps and have specific requirements informed by an understanding of emerging real-world threats,” said Jeff Thompson, Red Cat CEO. “We are introducing the ARACHNID™ family of systems to ensure we can react to the rapidly evolving needs of sUAS for short, medium and long range operations. With future partnerships, our drones can be dropped from long endurance aircraft or integrated into unmanned surface vessels to extend reach and penetration at the battlefield’s tactical edge.”

    ARACHNID advances Red Cat’s established leadership in the sUAS space and brings enhanced capabilities and tech integrations to its existing flagship products from Teal. To reflect this technology evolution and the capabilities of the newest model that Red Cat developed for the U.S. Army’s SRR Program of Record, the company has rebranded its flagship within the ARACHNID family of systems:

    • Black Widow™ (successor to Teal 2) is a highly capable, rucksack portable sUAS designed specifically for operation in Electronic Warfare (EW) environments. A fully modular architecture enables swift adaptation to mission requirements including short range reconnaissance and secondary payload operation. Black Widow™ is significantly enhanced from the Teal 2 model with longer endurance, EW resilience, and advanced autonomy.
    • WEB™ (Warfighter Electronic Bridge) is a Ground Control Station purpose built to operate Red Cat’s entire ARACHNID family of systems for military operations. WEB is fully integrated with Kinesis and ATAK to provide seamless integration with platforms and enhance mission effectiveness. WEB can also function as a stand-alone GCS for other non-Red Cat platforms, offering multi-domain versatility.

    To address the needs of medium-range reconnaissance and persistent strike systems, Red Cat is accelerating the development of its FANG™ line of First-Person View (FPV) drones. Additionally, Red Cat’s product roadmap includes TRICHON™, which will build upon the FlightWave Edge 130 Blue, a military-grade VTOL tricopter for medium-range mapping, intelligence, surveillance, and reconnaissance.

    “The Pentagon’s Replicator initiative established a bold mission to accelerate the deployment of attritable sUAS to the warfighter. In concert with Replicator’s mission we are accelerating the development of our products that will enhance the effectiveness and safety of military and security operations,” said George Matus, Red Cat CTO. “In many ways, domestic UAS innovation has been spurred by learnings in Ukraine and Israel, where drones have clearly demonstrated asymmetric warfare. The ARACHNID family of systems represents what we believe the future of drones needs to look like.”

    The new family of systems will leverage ongoing industry collaboration, underpinned by the Red Cat Futures Initiative. Both through Red Cat’s agile internal research and development, as well as robust partnerships, the family of systems will continually iterate with new capabilities across hardware and software. Red Cat has the ability to manufacture these systems at a high production rate with superior quality to meet the demands of our customers globally.

    To meet with Red Cat and see the Black Widow™ and rest of the family of systems, visit booth 330 at AUSA October 14-16, 2024.

    For more information about the Red Cat family of systems and capabilities, visit: https://redcat.red/solutions/family-of-systems/.

    About Red Cat, Inc.  
    Red Cat (Nasdaq: RCAT) is a drone technology company integrating robotic hardware and software for military, government, and commercial operations. Through two wholly owned subsidiaries, Teal Drones and Flightwave Aerospace, Red Cat has developed a bleeding-edge Family of ISR and Precision Strike Systems including Black Widow™, a small unmanned system offering the highest-resolution thermal imaging in its class, TRICHON™ Tricopter for extended endurance and range, and FANG™, the industry’s first line of NDAA compliant FPV drones optimized for military operations with precision strike capabilities. Learn more at http://www.redcat.red.

    Forward-Looking Statements 
    This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on Red Cat Holdings, Inc.’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the final prospectus related to the public offering filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and Red Cat Holdings, Inc. undertakes no duty to update such information except as required under applicable law. 

    Contacts:

    INVESTORS:
    E-mail: Investors@redcat.red

    NEWS MEDIA:
    Indicate Media
    Phone: (347) 880-2895
    Email: peter@indicatemedia.com

    The MIL Network –

  • MIL-OSI: Advanced Flower Capital Schedules Third Quarter 2024 Earnings Conference Call for November 13, 2024

    Source: GlobeNewswire (MIL-OSI)

    WEST PALM BEACH, Fla., Oct. 14, 2024 (GLOBE NEWSWIRE) — AFC Gamma, Inc. (Nasdaq:AFCG) (“Advanced Flower Capital” or “AFC”) today announced that it plans to report earnings for the quarter ended September 30, 2024 on Wednesday, November 13, 2024.

    Advanced Flower Capital will host a conference call at 10:00 am Eastern Time on Wednesday, November 13, 2024 to discuss its quarterly financial results. All interested parties are welcome to participate. The call will be available through a live audio webcast at the Investor Relations section of AFC’s website at http://advancedflowercapital.com/. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call.

    The complete webcast will be archived for 90 days on the Investor Relations section of AFC’s website.

    About Advanced Flower Capital

    Advanced Flower Capital (Nasdaq:AFCG) is a leading commercial mortgage REIT that provides institutional loans to state law compliant cannabis operators in the U.S. Through the management team’s deep network and significant credit and cannabis expertise, AFC originates, structures and underwrites loans ranging from $10 million to over $100 million, typically secured by quality real estate assets, license value and cash flows. It is based in West Palm Beach, Florida.

    Forward-Looking Statements

    This news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 that reflect the company’s current views and projections with respect to, among other things, operating results and anticipated investments.  All statements other than historical facts, are forward-looking statements. Words such as “believes,” “expects,” “will,” “intends,” “plans,” “guidance,” “estimates,” “projects,” “anticipates,” and “future” or similar expressions are intended to identify forward-looking statements.  These forward-looking statements are subject to the inherent uncertainties in predicting future results and conditions and are not guarantees of future performance, conditions or results.  Certain factors, risks and uncertainties discussed under the caption “Risk Factors” and elsewhere in AFC’s most recently filed periodic reports on Form 10-K and Form 10-Q and subsequent filings, could cause actual results and performance to differ materially from those projected in these forward-looking statements. 

    Investor Relations Contact:
    Robyn Tannenbaum
    (561) 510-2293
    ir@advancedflowercapital.com
    advancedflowercapital.com

    Media Contact:
    Profile Advisors
    Rich Myers and Rachel Goun
    (347) 343-2999
    afcgamma@profileadvisors.com

    The MIL Network –

  • MIL-OSI: Auction result of Treasury Bills – RIKV 25 0115 – RIKV 25 0416

    Source: GlobeNewswire (MIL-OSI)

    Series  RIKV 25 0115 RIKV 25 0416
    Settlement Date  10/16/2024 10/16/2024
    Total Amount Allocated (MM)  14,001 14,680
    All Bids Awarded At (Price / Simple interest)  97.764 / 9.048 95.653 / 8.989
    Total Number of Bids Received  10 21
    Total Amount of All Bids Received (MM)  23,100 27,180
    Total Number of Successful Bids  7 14
    Number of Bids Allocated in Full  4 14
    Lowest Price / Highest Simple Interest Allocated  97.764 / 9.048 95.653 / 8.989
    Highest Price / Lowest Simple Interest Allocated  97.809 / 8.862 95.815 / 8.640
    Lowest Price / Highest Simple Interest Allocated in Full  97.776 / 8.998 95.653 / 8.989
    Weighted Average of Successful Bids (Price/Simple Interest)  97.778 / 8.990 95.718 / 8.849
    Best Bid (Price / Simple Interest)  97.809 / 8.862 95.815 / 8.640
    Worst Bid (Price / Simple Interest)  97.742 / 9.139 95.510 / 9.299
    Weighted Average of All Bids Received (Price / Simple Interest)  97.769 / 9.027 95.666 / 8.961
    Percentage Partial Allocation (Approximate)  61.26 % 100.00 %
    Bid to Cover Ratio  1.65 1.85

    The MIL Network –

  • MIL-OSI: VERB Chairman & CEO Letter to Stockholders

    Source: GlobeNewswire (MIL-OSI)

    LOS ALAMITOS, Calif. and LAS VEGAS, Oct. 14, 2024 (GLOBE NEWSWIRE) — Verb Technology Company, Inc. (Nasdaq: VERB) (“VERB” or the “Company”), the company behind MARKET.live, a leading livestream social shopping platform, and GO FUND YOURSELF!, a TV show and innovative new platform disrupting the crowd funding industry, releases the full unredacted text of VERB Chairman & CEO Rory J. Cutaia’s Letter to Stockholders, distributed via Form 8-K filed on Friday, October 11, 2024.

    VERB Stockholders:

    I’m Rory J. Cutaia, VERB CEO, and I wanted to take this opportunity to share some information about the Company. Specifically, I want to address the recent reverse stock split, the current share price, the current businesses that comprise the Company, our financial condition, and finally, our future prospects.

    But first – here’s the headline – as of today, October 10, 2024, our market cap is approximately $3.8M, and as of our last Form 10-Q filing, we had cash in the bank of approximately $17.2M – and the only debt we have is a ridiculously small, low interest (3.75%), low payment, 30-year term SBA loan of approximately $125K.

    So do the math – this means if we traded at nothing more than our net cash value, the stock should be trading at more than $22 per share.

    And that assumes we get ZERO value for the underlying businesses – ZERO.

    It makes no sense to me that the stock should trade the way it does. I can only assume that people are not reading the filings, analyzing the financials, and recognizing the amazing opportunity that the new VERB represents.

    This is where I want to direct readers to the safe harbor provision disclosures at the bottom of this letter as I intend to make forward looking statements in what follows.

    We have completely restructured, realigned, reinvented, reconstituted, and reinvigorated our business. We sold an unprofitable business unit that was operating in a challenging business sector. We’ve since restructured VERB as a holding company with three distinct, yet complimentary business units, one of which we have yet to announce. Each is managed by a separate management team, incentivized for success, and all three are currently generating revenue and are growing and growing at a rate that far outpaces the rate of revenue growth we have ever experienced. Third quarter results will be exceedingly better than second quarter results as these business units are now hitting their stride, and based on what we’re seeing right now, fourth quarter will greatly exceed third quarter results.

    I believe we’ve placed ourselves atop a wave of three hot high-growth opportunities that are an outgrowth of recent changes in consumer, business, and societal behaviors, as well as recent changes in securities regulations, that are currently experiencing meaningful growth right now and into the foreseeable future.

    Our MARKET.live business has evolved to one of a service provider to brands fueled by our blossoming partnership with TikTok. Our revenue model has changed from a percent-of-client-sales model to a fixed-price, contract-based, recurring revenue business. Over the past six months you will have seen fewer MARKET.live businesses stream on MARKET.live – NOT because that business is declining – but because as we expanded our partnership with TikTok we shifted most of our live productions to TikTok Shop. A completely revamped MARKET.live is in the works and nearing release. More on that soon.

    Our GO FUND YOURSELF SHOW business vertical, though just-launched, is disrupting the equity crowd-funding sector, offering Reg CF and Reg A issuers an unmatched opportunity to create broad-based awareness for their equity offerings among the investment community. The GO FUND YOURSELF show format also reaches the everyman and everywoman non-accredited investor that can learn about and participate in these types of offerings. Our revenue model includes cash and equity-based fees paid by the issuers for appearances on the show, including fees for show assets we create for the issuers to use for their own marketing purposes. We also take a percentage of sales revenue from those issuers who utilize the Show’s unique shoppable platform to sell their products. We also generate revenue from sponsorships and advertisers.

    Our third business vertical is currently operating in stealth mode as we refine the user/subscriber experience. We believe this business represents an explosive revenue growth opportunity in one of the fastest-growing business sectors in the world today and I can’t wait to reveal it to you.

    As to the reverse stock split, we did everything reasonably possible – and then some – to avoid it. In the end, it’s not our call – let me repeat that because I don’t think some investors realize that – WE DON’T UNILATERALLY DECIDE TO DO A STOCK SPLIT. IT IS A DECISION MADE BY THE STOCKHOLDERS. Because of the way the stock traded, we received a delisting notice from Nasdaq.

    Our obligation as management and as board members is to take the steps required to give our stockholders the option to decide our path forward – delist from Nasdaq and potentially list on the OTC, or reverse split the shares and retain our Nasdaq listing. Neither management, nor our Board is able to implement a reverse stock split unless the stockholders decide to do so. Our job was to provide every stockholder with all the information needed to make that decision for themselves. If we had not given stockholders the option to choose, and if we had unilaterally decided NOT to do a reverse stock split, and we allowed VERB to be delisted – we would have violated our obligations to all stockholders and we would have been held accountable.

    On September 26, 2024, a significant majority of the stockholders that cast a vote, decided to do a reverse stock split in order to stay listed on Nasdaq. It was then our job to carry out that decision, which we’ve done. And now we look forward to the value creation opportunities that lay before us.

    We are extremely well capitalized – on even the most modest revenue assumptions, we have years of cash runway.

    We have virtually no debt to service.

    We have a super clean cap table – all of the warrants have either expired or are so far out of the money as to be irrelevant.

    There’s no hedge fund out there with cheap VERB shares they plan to short against warrants that they picked up for little or no consideration through a bad financing – as they simply don’t exist.

    We have an unbelievably small, tight float – only 763,230 shares as of October 9, 2024.

    We have three revenue generating, high-performing/growing business units.

    And once again – assuming all three of these businesses are worth zero – no value whatsoever – and we trade on nothing more than LIQUIDATION VALUE CASH IN THE BANK – we should be trading at more than $22 per share right now.

    Think about that.

    And think about this – as and when we see the stock trading in the range we believe it should – I will absolutely advocate for, and petition our Board to consider a FORWARD stock split. My interests are completely – 100% aligned with those of every stockholder – as are the interests of our management team and our Board.

    We win together and now is our time.

    Best,

    Rory

    FORWARD-LOOKING STATEMENTS

    This communication contains “forward-looking statements” as that term is defined in the Private Securities Litigation Reform Act of 1995. Forward-looking statements involve risks and uncertainties and include, without limitation, any statement that may predict, forecast, indicate or imply future results, performance, or achievements. Forward-looking statements are neither historical facts nor assurances of future performance. Instead, they are based only on our current beliefs, expectations and assumptions regarding the future of our business, future plans and strategies, projections, anticipated events and trends, the economy and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, those identified in our filings with the Securities and Exchange Commission (the “SEC”), including the risk factors included in our annual report on Form 10-K filed with the SEC on April 1, 2024. Any forward-looking statement made by us herein is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement whether as a result of new information, future developments or otherwise.

    About VERB Technology Company

    Verb Technology Company, Inc. (NASDAQ: VERB), is the innovative force behind interactive video-based social commerce. The Company’s MARKET.live platform is a multi-vendor, livestream social shopping destination at the forefront of the convergence of ecommerce and entertainment, where brands, retailers, creators, and influencers engage their customers, clients, fans, and followers across multiple social media channels simultaneously. GO FUND YOURSELF!, is a revolutionary interactive social crowd funding platform for public and private companies seeking broad-based exposure across social media channels for their crowd-funded Regulation CF and Regulation A offerings. The platform combines a ground-breaking interactive TV show with MARKET.live’s back-end capabilities allowing viewers to tap on their screen to facilitate an investment, in real time, as they watch companies presenting before the show’s panel of “Titans”. Presenting companies that sell consumer products are able to offer their products directly to viewers during the show in real time through shoppable onscreen icons. The Company is headquartered in Las Vegas, NV and operates full-service production and creator studios in Los Alamitos, California and Philadelphia, PA.

    Investor Relations:
    investors@verb.tech

    Media Contact: 
    info@verb.tech 

    The MIL Network –

  • MIL-OSI: LAUD Launches Comprehensive Marketing Solutions for Fintech Companies: Leveraging Blockchain, and Advanced AI Tools

    Source: GlobeNewswire (MIL-OSI)

    LONDON, UK, Oct. 14, 2024 (GLOBE NEWSWIRE) — LAUD, a London-based marketing firm, is at the forefront of fintech innovation, providing comprehensive solutions that empower financial technology companies to maximize their digital presence and operational efficiency. Leveraging the power of blockchain and Web3 technology, LAUD’s specialized services enable fintech firms to streamline processes, optimize client engagement, and build stronger brand identities.

    “We understand the unique challenges faced by fintech companies and have developed tailored solutions that incorporate blockchain, Web3, and advanced AI tools to solve these pain points,” said a representative from LAUD. “Our goal is to help our clients navigate the complexities of the fintech ecosystem, from smart API integrations to CRM automation, ensuring they stay ahead of the competition.”

    In addition to their technology-driven solutions, LAUD offers a full suite of marketing services, including social media management, PR strategy development, and content creation. Their AI-powered social media management platform allows fintech companies to maintain an active online presence, engage with their audience more effectively, and optimize their digital footprint.

    LAUD’s team of experts works closely with clients to design and execute strategies that not only enhance brand visibility but also foster long-term growth. By utilizing advanced analytics and AI tools, LAUD ensures that every marketing campaign is data-driven, measurable, and aligned with the client’s business goals. For more information, visit their official website.

    LAUD is a London-based marketing firm specializing in solutions for fintech companies. Their services range from blockchain and Web3 integrations to CRM automation and AI-powered social media management. LAUD’s comprehensive approach helps fintech firms leverage the latest technologies to drive innovation and market growth.

    LAUD is specializing in solutions for fintech companies. Their services range from blockchain and Web3 integrations to CRM automation and AI-powered social media management. By implementing CRM automation, LAUD streamlines customer relationship processes, allowing fintech firms to enhance engagement, personalize communication, and improve customer retention. This automation not only saves time but also provides valuable insights into customer behavior, enabling companies to tailor their offerings effectively. Additionally, LAUD’s expertise in Web3 integrations empowers fintech businesses to tap into decentralized technologies, fostering transparency and security in transactions. This integration can lead to increased trust among users, thereby attracting a more extensive customer base.

    Through their comprehensive approach, LAUD helps fintech firms leverage the latest technologies to drive innovation and market growth, ensuring they remain competitive in a rapidly evolving landscape.

    Social Links

    LinkedIn: https://www.linkedin.com/company/laud-uk/

    Media contact

    Brand: LAUD

    Contact: Media team

    Email: support@laud.tech

    Website: https://laud.tech

    The MIL Network –

  • MIL-OSI: Bybit Announces Growth Milestone for Liquid Staking Token bbSOL, Surpassing $100 Million in Locked Value

    Source: GlobeNewswire (MIL-OSI)

    DUBAI, United Arab Emirates, Oct. 14, 2024 (GLOBE NEWSWIRE) — Bybit, the world’s second-largest crypto exchange by trading volume, is thrilled to announce the continued growth and expansion of its innovative liquid staking token, bbSOL. As Bybit’s inaugural Liquid Staking Token (LST), bbSOL continues to offer users a seamless, secure way to stake SOL and earn competitive rewards.

    The rapid adoption of bbSOL has propelled its total locked value beyond 100 million USD in a short span. Beyond staking rewards, bbSOL holders can now further enhance their earning potential through three key opportunities:

    • Providing Liquidity to bbSOL Trading Pairs: Users can earn trading fees by contributing liquidity on decentralized exchanges such as Orca, Raydium and Kamino.
    • Utilizing bbSOL as Collateral: bbSOL can be used as collateral on partner platforms, including Drift, Kamino, marginfi, Save, enabling users to lend, borrow, and unlock higher returns.
    • Restaking bbSOL for Additional Rewards: Through partner platforms like Solayer, users can restake bbSOL to generate extra rewards while supporting the Solana network’s security and governance.

    “We’re excited to see bbSOL’s continued growth and success. The increasing total locked value demonstrates the trust and confidence our users have in bbSOL as a reliable and rewarding digital asset,” added Emily Bao, Head of Spot and Web3 at Bybit.

    As bbSOL’s reach extends across both centralized and decentralized exchanges, it solidifies its position as a premier liquid staking token. Bybit remains committed to offering innovative products and services that empower users to thrive in the digital asset space.

    #Bybit / #TheCryptoArk 

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, users can visit Bybit Press. 

    For media inquiries, users can contact: media@bybit.com

    For more information, users can visit: https://www.bybit.com

    For updates, users can follow: Bybit’s Communities and Social Media

    Contact

    Head of PR
    Tony Au
    Bybit
    tony.au@bybit.com

    The MIL Network –

  • MIL-OSI: 2024 Digital Sales Evolution in the Channel Report: 90% of IT Solution Providers Expect a Rise in Marketplace Sales by 2029

    Source: GlobeNewswire (MIL-OSI)

    New survey finds online marketplaces are essential growth engines to expand customer base, offer new and improved services, and enhance profitability at scale

    DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced the findings of its new global survey, commissioned by Channelnomics, of IT solution providers on the marketplace trends that are transforming the future of digital sales in the channel. Entitled, “Digital Sales Evolution in the Channel,” the report reveals nine out of 10 respondents are experiencing significant benefits of marketplaces and highlights opportunities to tap their customer data analytics and scalability to unlock new and recurring revenue streams.

    “As solution providers look to marketplaces as the sales channels of the future, they are best served by platforms with comprehensive e-commerce solutions that expand their digital capabilities, deliver a seamless online sales experience and maximize opportunities for upselling and cross-selling,” said Ryan Walsh, Chief Strategy Officer at Pax8. “The Pax8 Marketplace is designed to help partners unlock more sales opportunities and enhance relationships with their customers, providing them with the infrastructure and resources to drive profitability at scale.”

    Unlocking the Transformative Potential of Marketplaces

    Embracing the digital economy, more than one-third of solution providers globally generate more than 20% of their revenue through marketplaces. Further, the survey revealed 87% of respondents expect their use of marketplaces to increase in the next five years. Respondents in North America and Europe, where digital infrastructure and fulfillment systems for marketplace activities already exist, echo this sentiment.

    The emergence of marketplaces as growth engines enables solution providers to expand their reach, enhance profitability at scale, and offer new and improved services to customers. Among the vast potential that marketplaces offer, include:

    • Reaching larger audiences and demographics with minimal overhead, while driving sales volume and scalability simultaneously: The scalability of marketplaces enables providers to offer their product and services to a global market, unlocking new business opportunities, including increased profitability (46%), higher demand for professional services (45%), and better customer data analytics (38%).
    • Focusing sales strategies on the customer experience to sustain growth, specifically prioritizing customer retention and satisfaction: Globally, more than half of survey respondents (51%) are upgrading their sales technology and developing new partnerships (51%) and expanding their specialized services (46%) to provide a better customer experience.
    • Evolving GTM strategies shaped by customers buying preferences and behaviors: Three-quarters of respondents acknowledge that customer feedback about marketplace purchases is influencing their decision-making. Further, 46% of solution providers in North America report that customer feedback influences their decision making; 34% providers in Europe and just 18% in Asia-Pacific share this sentiment.

    Key Considerations for Marketplace Adoption

    As marketplace adoption comes into focus, solution providers are navigating a range of factors that can impact their success, from cost-savings to technological compatibility. Among the key considerations highlighted in the report include:

    • Prioritizing cost-effectiveness in the strategic development process: Nearly half of global respondents prioritize cost-effectiveness when developing their marketplace strategies, assessing costs related to fees, commissions, and marketing spend. Balancing incoming expenses against new revenue and growth streams are critical for maintaining scalable profitability.
    • Powering decision-making with advanced analytics: Digital sales platforms provide vast information about customers purchasing history and anticipatory needs through order consumption pattern analysis, data telemetry, and gap analytics. By leading decision-making with data-driven insights, solution providers can drive future sales and improve customer experiences.
    • Boosting sales with a user-friendly platform: A user-friendly marketplace enhances the experience for both solution providers and their customers, facilitating more transactions. Choosing a platform that offers an intuitive interface, efficient search functions, and easy product management can reduce technical barriers, boost profitability and maximize returns from technical infrastructure investments.

    “Marketplaces are becoming indispensable to managed service providers (MSPs) to scale more efficiently, tap into valuable customer insights, and drive new revenue streams,” said Larry Walsh, CEO and chief analyst at Channelnomics. “Our survey’s findings highlight the growing importance of digital sales platforms in transforming go-to-market strategies and optimizing the customer experience. As digital commerce evolves, MSPs should embrace these platforms to ensure long-term growth and profitability.”

    To learn more, download the Digital Sales Evolution in the Channel report here.

    About Pax8
    Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 35,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.
    Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

    About Channelnomics
    Channelnomics is a global analyst and research firm that helps technology vendors and service providers fine-tune their channels, win customers, and sharpen their competitive edge. The company offers a portfolio of best-in-class products and services, including research, market analysis, thought-leadership content, and expert guidance. The innovative analysts at Channelnomics leverage data to develop customized route-to-market strategies for any client that wants to translate vision into value.

    Visit us: http://www.channelnomics.com 
    Follow us: @channelnomics (LinkedIn | X (formerly Twitter) | YouTube)
    Contact us: info@channelnomics.com

    Media Contact:
    Kristen Beatty
    Sr. Director of Public Relations
    kbeatty@pax8.com

    The MIL Network –

  • MIL-OSI: Solomon Partners Hires James Butcher as Managing Director in the Technology Group

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Oct. 14, 2024 (GLOBE NEWSWIRE) — Solomon Partners, a leading financial advisory firm and independent affiliate of Natixis, announced the appointment of James Butcher as a Managing Director in the Technology group. Based in New York, he will focus on advising companies in the Information Services and Business-to-Business (B2B) sectors and will further enhance Solomon’s Software, Data & Analytics coverage.

    Mr. Butcher joined Solomon from Moelis & Company, where he served as a Managing Director. During his 13-year tenure, he worked with clients in the Media & Technology sector, acting as a trusted advisor to large corporations and mid-market companies, as well as financial sponsors, on a variety of transactions.

    Craig Muir, who joined Solomon in 2023 to build out the Technology practice, noted that Mr. Butcher’s addition to the team expands the range of companies Solomon can serve in the sector.

    “James brings a wealth of experience and expertise in the Information Services and B2B sectors,” Mr. Muir said. “This will be invaluable as we continue to expand our capabilities and deliver exceptional service to our clients.”

    Mr. Butcher commented, “I am excited to be joining Solomon Partners and the Technology group, both of which have significant momentum. I have been impressed by the caliber of the bankers and the firm’s commitment to providing our clients with unrivaled advice and creative solutions. I am looking forward to working with Craig and the team to continue to grow the Technology group and to expand our coverage of the Information Services and B2B sectors.”

    Mr. Butcher earned a BA from University College London and is a Chartered Accountant (FCA).

    To learn more, read a Q&A with Solomon CEO Marc Cooper and Mr. Butcher here.

    About Solomon Partners

    Founded in 1989, Solomon Partners is a leading financial advisory firm with a legacy as one of the oldest independent investment banks. Our difference is unmatched industry knowledge in the sectors we cover, creating superior value with unrivaled wisdom for our clients. We advise clients on mergers, acquisitions, divestitures, restructurings, recapitalizations, capital markets solutions and activism defense across a range of industries. These include Business Services, Consumer Retail, Distribution, Financial Services & FinTech, Financial Sponsors, Healthcare, Grocery, Pharmacy & Restaurants, Industrials, Infrastructure, Power & Renewables, Media and Technology. Solomon Partners is an independently operated affiliate of Natixis, part of Groupe BPCE. For further information, visit solomonpartners.com.

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/202b978d-935b-4af9-b0b6-120821f1c595

    The MIL Network –

  • MIL-OSI: Commvault Joins the Pax8 Marketplace to Bring Enterprise Data Protection to SMBs

    Source: GlobeNewswire (MIL-OSI)

    DENVER, Oct. 14, 2024 (GLOBE NEWSWIRE) — Pax8, the leading cloud commerce marketplace, today announced that Commvault, a leader in cyber resilience and data protection solutions for hybrid cloud organizations, has joined the Pax8 Marketplace. Commvault Cloud is the solution that unifies all the company’s SaaS and software offerings on one platform built to meet the demands of the hybrid organization at the lowest total cost of ownership (TCO). Commvault Cloud combines cloud-based data security with rapid, enterprise-scale recovery and the industry’s most advanced AI to secure data anywhere it lives.

    “The addition of Commvault underscores our continued commitment to bring enterprise-level solutions to our managed service providers to deliver to their small to midsized business customers,” said Ryan Burton, Vice President of Marketplace Vendor Strategy at Pax8. “In addition to being the only vendor partner in Pax8’s Marketplace to backup Salesforce, Commvault Cloud can protect the broadest set of cloud, on-prem and hybrid environments and applications, including Microsoft Dynamics and Microsoft Entra ID, which will provide the flexibility and configurability that our partners want in a data protection solution.”

    Commvault Cloud unifies data protection and management in one single solution for a comprehensive set of workloads. The benefit to SMB customers includes having complete control over where their data is stored, with the option to select a country that maps back to a Microsoft Azure or Oracle Cloud Infrastructure (OCI) region that allows for in-country data residency. In addition, Commvault offers unparalleled flexibility, allowing customers to choose which data resides in primary or secondary storage tiers, optimizing cost and performance.

    “MSPs are a critical component of Commvault’s channel-first strategy and a key pillar for our future business. Today, we are excited for this new partnership to have Pax8 join our growing partner ecosystem and to be listed in the Pax Marketplace,” said Alan Atkinson, Chief Partner Officer, Commvault. “Through this partnership, Pax8’s growing global MSP community will now have access to the Commvault Cloud Platform, arming them with an industry-leading suite of solutions that will enhance their customers’ cyber resilience.”

    Commvault’s commitment to innovation and flexibility helps ensure that MSPs can deliver top-tier data protection services to small businesses, empowering them with the same level of security and control as large enterprises – all while reducing risk, minimizing downtime, and managing costs.

    Commvault is a Diamond sponsor and exhibitor at Pax8’s partner event, Beyond Berlin, October 13-15 at the InterContinental Berlin.

    About Pax8
    Pax8 is the technology marketplace of the future, linking partners, vendors, and small to midsized businesses (SMBs) through AI-powered insights and comprehensive product support. With a global partner ecosystem of over 35,000 managed service providers, Pax8 empowers SMBs worldwide by providing software and services that unlock their growth potential and enhance their security. Committed to innovating cloud commerce at scale, Pax8 drives customer acquisition and solution consumption across its entire ecosystem.

    Follow Pax8 on Blog, Facebook, LinkedIn, X, and YouTube

    Pax8 Media Contact:
    Kristen Beatty
    Sr. Director of Public Relations
    kbeatty@pax8.com

    The MIL Network –

  • MIL-OSI: AI Powered Web3 wallet with chatGPT UI revolutionizing crypto trading

    Source: GlobeNewswire (MIL-OSI)

    SINGAPORE, Oct. 14, 2024 (GLOBE NEWSWIRE) — Armor Wallet unveils a next generation crypto wallet, powered by AI to supercharge crypto investing. It utilizes a chatGPT style text-to-prompt interface allowing users to type how they want to invest, buy, sell, DCA and more. The integrated AI agents execute your request without the user having to learn complex interfaces or understand crypto and financial jargon .Armor simplifies the often very complex and technical world of crypto investing.

    This wallet is solving one of the biggest problems in crypto. The ability to easily buy, sell, research and trade tokens and track your history, profit, loss and current position. If a person can type in plain english what they want to do, then Armor AI will turn it into a trade or asks additional questions to finalize the trade.

    “Buy $500 worth of Bitcoin.” The AI will find the best price of Bitcoin, place the order (spot price) and fill the order at once. Or maybe you want to wait to buy bitcoin in case the price lowers. Then you can ask “Buy $500 of bitcoin whenever it is down 10%. Armor will watch the market constantly and if the price of bitcoin goes down, it will place the order, anytime night or day.

    Armor Wallet is like having a broker or trading desk in your pocket. It can place very complex trades like dollar cost averaging over months, setup buy limits or sell on a given day and much more.

    The use of AI is to make investing simple and understandable for beginners, but it also benefits professional traders, giving them new tools to make very complex trades and do crucial market research. From scheduling future trades based on market conditions to understanding their past performance better, AI is a new tool for all types of investors.

    Armor Wallet’s AI is trained on Web3 culture as much as investing techniques and vocabulary. This gives the AI an edge in understanding the current trends and narrative that is critical when investing in crypto which is largely trend and narrative based. Armor can also be used with X (formerly Twitter) analyzing twitter accounts to better guidance to investors on new and popular tokens.

    Armor’s use of AI is not designed to try and forecast future crypto prices, it’s built to help users trade better, faster and put powerful trading tools into the hands of everyone with one simple and easy chat based interface. If everyone can easily invest in crypto like a pro we can onboard the next billion users and solve one of the biggest challenges in the space.

    AI is starting to benefit our daily lives and Armor Wallet is harnessing this powerful tool to make crypto investing safer, easier and more profitable than ever before.

    About

    Armor Wallet is an AI powered crypto wallet and trading assistant supporting multiple blockchains to make investing simple and safe. Bringing all your investing data together and managed by an intuitive chatGPT style interface, you have a complete overview of your portfolio. By utilizing AI Agents, Armor Wallet helps you do better research, avoid scams and create sophisticated trades that can execute 24/7.

    You can follow the project and stay up to date with its development at these links: Website | X (Twitter) | Telegram | Discord

    Contact Details:

    Stefan Savevski
    stefan@armorwallet.ai

    Disclaimer: This content is provided by “Armor”. The statements, views and opinions expressed in this column are solely those of the content provider. The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities. Please conduct your own research and invest at your own risk.

    Photo accompanying this announcement are available at

    https://www.globenewswire.com/NewsRoom/AttachmentNg/a75f7dee-b38d-49ee-9b61-8cb69f7cad47

    https://www.globenewswire.com/NewsRoom/AttachmentNg/33647cb4-7ab5-447a-9081-f60f95e03220

    The MIL Network –

  • MIL-OSI: SBB Research Group Foundation Names September 2024 Grant Finalists: Black Onyx Allstars, Comic Books for Kids, Illinois Association of Free & Charitable Clinics

    Source: GlobeNewswire (MIL-OSI)

    CHICAGO, Oct. 14, 2024 (GLOBE NEWSWIRE) — The SBB Research Group Foundation recognizes three Chicago-area charities as the September 2024 finalists of its monthly grant program supporting impactful nonprofits (in alphabetical order): 

    • Black Onyx Allstars (Chicago, IL) offers a culturally inclusive and empowering cheerleading program that fosters community engagement. They are committed to delivering a comprehensive all-star journey that promotes teamwork, athleticism, and personal growth in a supportive and uplifting environment.
    • Comic Books for Kids (St. Charles, IL) aims to bring kid-friendly comics and pop culture items to children in hospitals and cancer centers. They work closely with Child Life teams to tailor donations to the unique needs of each hospital, primarily in the U.S., with expansion into Canada.
    • Illinois Association of Free & Charitable Clinics (Lemont, IL) enhances the impact of free and charitable clinics by advocating for and supporting them to provide equitable, accessible, and high-quality healthcare. They address systemic health inequities, drive change in marginalized communities, foster clinic-led collaboration, and use the unique clinic model to inspire innovation and influence policy.

    The Foundation encourages any 501(c)(3) nonprofit organization to apply for a grant at sbbrg.org/apply-for-grant. Donations are awarded to different organizations monthly.

    About the SBB Research Group Foundation

    The SBB Research Group Foundation is a 501(c)(3) nonprofit that furthers the philanthropic mission of SBB Research Group LLC (SBBRG), a Chicago-based investment management firm led by Sam Barnett, Ph.D., and Matt Aven. The Foundation provides grants to support ambitious organizations solving unmet needs with thoughtful, long-term strategies. In addition, the Foundation sponsors the SBBRG STEM Scholarship, which supports students pursuing science, technology, engineering, and mathematics degrees.

    Contact: Erin Noonan 
    Organization: SBB Research Group Foundation 
    Email: grants@sbbrg.org 
    Address: 450 Skokie Blvd, Building 600, Northbrook, IL 60062 United States 
    Phone: 1-847-656-1111 
    Website: https://www.sbbrg.org 

    The MIL Network –

  • MIL-OSI: Rihanna’s “Goodnight Gotham” Acquisition by Music Licensing, Inc. (OTC: SONG) Unlocks Significant Royalty Opportunities Across Global Platforms

    Source: GlobeNewswire (MIL-OSI)

    Naples, FL, Oct. 14, 2024 (GLOBE NEWSWIRE) — Rihanna’s hit track “Goodnight Gotham” has become a key asset in the expanding portfolio of Music Licensing, Inc. (OTC: SONG), following the company’s acquisition of the sound recording rights to the song. This strategic move complements Music Licensing, Inc.’s prior acquisition of the publishing rights to “Goodnight Gotham,” providing the company with comprehensive control over one of the most celebrated works by the globally renowned artist. With over 250 million records sold and 14 Billboard No. 1 hits, Rihanna’s catalog is a valuable asset in the global music rights market, and this acquisition positions Music Licensing, Inc. as a significant player in this fast-growing sector.

    The sound recording rights will continue to be administered by Universal Music Group (EURONEXT: UMG) (OTC: UNVGY) (OTC: UMGNF), while the publishing rights are administered by Kobalt Music Group. By securing both the sound recording and publishing rights, Music Licensing, Inc. (OTC: SONG) now holds a full stake in the work, opening up diverse revenue streams from multiple platforms and media channels.

    Value Proposition for Shareholders

    This acquisition is a milestone for Music Licensing, Inc. (OTC: SONG), as it underscores the company’s commitment to acquiring high-value, royalty-generating assets that promise consistent and scalable income. The ownership of both sound recording and publishing rights unlocks multiple revenue opportunities, ensuring Music Licensing, Inc. can capitalize on every instance of “Goodnight Gotham” being played, streamed, or licensed.

    Revenue Streams Across Global Platforms

    The acquisition allows Music Licensing, Inc. to generate income across various platforms, including:

    • Streaming Services: Royalties from top digital streaming platforms such as Spotify, Apple Music, Amazon Music, Deezer, Tidal, Tencent Music, and SoundCloud, ensuring consistent revenue from millions of listeners worldwide.
    • Social Media and Short-Form Video: Revenue generated through platforms like TikTok and Instagram, where music is an integral part of user-generated content, presents further monetization opportunities for “Goodnight Gotham” through sync and performance royalties.
    • Radio and Broadcast: Income from the song’s airplay on traditional and digital radio platforms, including iHeartMedia and SiriusXM, provides another consistent stream of royalties through public performance.
    • Synchronization (Sync) Licensing: High-value opportunities arise from licensing “Goodnight Gotham” for use in films, TV shows, commercials, and video games. Rihanna’s widespread appeal makes this track a strong candidate for premium sync placements, driving significant revenue.

    By owning both forms of intellectual property—sound recording and publishing—Music Licensing, Inc. (OTC: SONG) is in a unique position to maximize revenue from “Goodnight Gotham” across these diverse platforms.

    Strategic Growth Opportunity

    As global music consumption continues to rise, particularly through digital and streaming platforms, the acquisition of “Goodnight Gotham” gives Music Licensing, Inc. a valuable asset that offers steady, long-term revenue potential. The music rights industry is experiencing rapid growth, with expanding digital platforms and new technologies creating broader opportunities for music consumption and monetization. For shareholders, this acquisition represents a strategic entry into one of the most scalable sectors in entertainment, positioning Music Licensing, Inc. for sustainable growth and enhanced shareholder value.

    With platforms like Spotify, Apple Music, Deezer, Tidal, and more continuing to experience growth in user engagement and content demand, the value of rights to works like “Goodnight Gotham” will only increase, solidifying Music Licensing, Inc.’s role as a key player in the music rights and intellectual property space.

    About Music Licensing, Inc. (OTC: SONG) (ProMusicRights.com)

    Music Licensing, Inc. (OTC: SONG), also known as Pro Music Rights, is a diversified holding company and the fifth public performance rights organization (PRO) formed in the United States. Its licensees include notable companies such as TikTok, iHeart Media, Triller, Napster, 7Digital, Vevo, and many others. Pro Music Rights holds an estimated market share of 7.4% in the United States, representing over 2,500,000 works by notable artists such as A$AP Rocky, Wiz Khalifa, Pharrell, Young Jeezy, Juelz Santana, Lil Yachty, MoneyBagg Yo, Larry June, Trae Pound, Sauce Walka, Trae Tha Truth, Sosamann, Soulja Boy, Lex Luger, Trauma Tone, Lud Foe, SlowBucks, Gunplay, OG Maco, Rich The Kid, Fat Trel, Young Scooter, Nipsey Hussle, Famous Dex, Boosie Badazz, Shy Glizzy, 2 Chainz, Migos, Gucci Mane, Young Dolph, Trinidad James, Chingy, Lil Gnar, 3OhBlack, Curren$y, Fall Out Boy, Money Man, Dej Loaf, Lil Uzi Vert, and countless others, as well as artificial intelligence (A.I.) created music.

    Additionally, Music Licensing, Inc. (OTC: SONG) owns royalty stakes in Listerine “Mouthwash” Antiseptic and musical works by artists such as The Weeknd, Justin Bieber, Kanye West, Elton John, Mike Posner, blackbear, Lil Nas X, Lil Yachty, DaBaby, Stunna 4 Vegas, Miley Cyrus, Lil Wayne, XXXTentacion, Jeremih, Ty Dolla $ign, Eric Bellinger, Ne-Yo, MoneyBagg Yo, Halsey, Desiigner, DaniLeigh, Rihanna, and numerous others.

    Forward-Looking Statements:

    This press release contains certain forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended and Section 21E of the Securities Exchange Act of 1934, which are intended to be covered by the safe harbors created thereby. Investors are cautioned that, all forward-looking statements involve risks and uncertainties, including without limitation, the ability of Music Licensing, Inc. & Pro Music Rights, Inc. to accomplish its stated plan of business. Music Licensing, Inc. & Pro Music Rights, Inc. believes that the assumptions underlying the forward-looking statements contained herein are reasonable, any of the assumptions could be inaccurate, and therefore, there can be no assurance that the forward-looking statements included in this press release will prove to be accurate. In light of the significant uncertainties inherent in the forward-looking statements included herein, the inclusion of such information should not be regarded as a representation by Pro Music Rights, Inc., Music Licensing, Inc., or any other person.

    Non-Legal Advice Disclosure:

    This press release does not constitute legal advice, and readers are advised to seek legal counsel for any legal matters or questions related to the content herein.

    Non-Investment Advice Disclosure:

    This communication is intended solely for informational purposes and does not in any way imply or constitute a recommendation or solicitation for the purchase or sale of any securities, commodities, bonds, options, derivatives, or any other investment products. Any decisions related to investments should be made after thorough research and consultation with a qualified financial advisor or professional. We assume no liability for any actions taken or not taken based on the information provided in this communication.

    Contact: investors@ProMusicRights.com

    SOURCE: Music Licensing, Inc

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  • MIL-OSI: Magnus Andersson announces his intention to leave Terranet in early 2025

    Source: GlobeNewswire (MIL-OSI)

    Terranet’s CEO Magnus Andersson has informed the Board of Directors that he intends to leave Terranet in early 2025 for a CEO position in another company in another industry.

    “Magnus has successfully led the development and commercialization work in Terranet and the company has delivered according to plan. It is of course sad that Magnus has chosen to leave the company. While the company has executed on the existing plan, we are now entering the next phase of the commercialization work. Magnus will assist with the handover when a new CEO is in place,” says Terranet’s Chairman of the Board Torgny Hellström.

    A recruitment process to find a successor has been initiated.

    This information is such that Terranet AB is required to make public in accordance with the EU’s Market Abuse Regulation (MAR). The information was made public by the Company’s contact person below on 14 October 2024, at 15.30 CET.

    For more information, please contact:        
    Torgny Hellström, Chairman of the Board        
    E-mail: torgny.hellstrom@terranet.se

    About Terranet AB (publ)
    Terranet’s goal is to save lives in urban traffic. The company develops innovative technical solutions for Advanced Driver Assistance Systems (ADAS) and Autonomous Vehicles (AV). Terranet’s anti-collision system BlincVision laser scans and detects road objects up to ten times faster than any other ADAS technology available today.

    The company is headquartered in Lund, with offices in Gothenburg and Stuttgart. Since 2017, Terranet has been listed on Nasdaq First North Premier Growth Market (Nasdaq: TERRNT-B). Follow our journey at: http://www.terranet.se

    Certified Adviser till Terranet är Mangold Fondkommission AB, 08-503 015 50, ca@mangold.se.

    Attachment

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  • MIL-OSI: ManTech Appoints Michael Biddick Vice President of Enterprise Program Management, Standards and Quality Assurance

    Source: GlobeNewswire (MIL-OSI)

    HERNDON, Va., Oct. 14, 2024 (GLOBE NEWSWIRE) — ManTech, a leading provider of AI and mission-focused technology solutions, has named Michael Biddick Vice President of Enterprise Program Management, Standards and Quality Assurance.

    Biddick joins ManTech with a distinguished, two-decade career focused on client satisfaction and technology consulting. At ManTech he will accelerate enterprise-wide excellence in program execution and quality assurance aligned with strategy and technology, including digital transformation, AI/ML, cybersecurity and IT.

    “With a 25-year track record of proven expertise in tech consulting and entrepreneurship, Michael excels at building high-performing teams leveraging technology-enabled capabilities, software tools, effective performance measures and indicators to support client and program requirements,” said ManTech Executive Vice President & Chief Performance Officer Bonnie Cook.

    Prior to ManTech, Biddick worked at Gartner, Inc., as the Vice President and Managing Partner leading the national security consulting business, overseeing the growth and delivery of applied research solutions across the community. Prior to Gartner, Biddick founded and served as CEO of Fusion PPT, an award-winning IT consulting company. He also served as Chief Technology Officer of Windward, a successful IT consulting startup venture, and as Strategic Enterprise Network Consultant at Booz Allen Hamilton.

    Biddick holds a Master’s degree from the Johns Hopkins University Cary Business School and an undergraduate degree in Political Science and African American Studies from the University of Wisconsin.

    About ManTech  
    ManTech provides mission-focused technology solutions and services for U.S. Defense, Intelligence and Federal Civilian agencies. In business for more than 55 years, we are a leading provider of AI solutions that power full-spectrum cyber, data collection & analytics, enterprise IT, high-end engineering and software application development solutions that support national and homeland security. Additional information on ManTech can be found at http://www.mantech.com.

    Media Contact: 
    Jim Crawford 
    ManTech 
    Executive Director, External Communications 
    (M) 703-498-7315
    James.Crawford2@ManTech.com 

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/2e4fe903-5d95-4b83-b202-52ba6550b5da

    The MIL Network –

  • MIL-OSI: WISeKey Subsidiary WISeSat to Launch Second Proof of Concept for SEALCOIN Token

    Source: GlobeNewswire (MIL-OSI)

    WISeKey Subsidiary WISeSat to Launch Second Proof of Concept for SEALCOIN Token

    Zug, Switzerland – October 14, 2024: WISeKey International Holding AG (“WISeKey”, SIX: WIHN), a global leader in cybersecurity, blockchain, and IoT solutions, today announced that its subsidiary, WISeSat.Space (“WISeSat”), will conduct the second Proof of Concept (PoC) for SEALCOIN by transacting tokens via satellites to IoT devices. The PoC is set to take place during the launch of a new generation of WISeSat satellites, planned for January 2025. This milestone, once complete, will represent a major leap forward in secure, autonomous machine-to-machine (M2M) transactions using WISeSat’s current satellite constellation.

    The launch of a new generation of WISeSat satellites will feature enhanced operational capabilities specifically designed to support M2M transactions from space. These next-generation satellites will further strengthen the WISeSat constellation, enabling secure and efficient decentralized transactions across a wide range of IoT devices, marking a new era in space-based digital ecosystems.

    This PoC will demonstrate SEALCOIN’s groundbreaking potential to facilitate decentralized transactions in the growing Internet of Things (IoT) ecosystem. Leveraging the SEALCOIN platform, the PoC will enable satellite-initiated transactions to IoT devices without human intervention. The tokens, based on Decentralized Ledger Technology (DLT), ensure secure, transparent, and tamper-proof exchanges, driving the creation of a scalable Transactional IoT (t-IoT) infrastructure.

    Previously, SEALCOIN successfully conducted a Proof of Concept (PoC) for Transactional-IoT (t-IoT) between two devices in early August. This milestone marked a significant step forward in the disintermediation of service providers for interconnected devices, showcasing the transformative potential of SEALCOIN’s innovative platform. For a video presentation of the initial PoC, please visit https://youtu.be/daOvoOxqGvQ.

    Transactional-IoT refers to the automated communication and transactions between devices within the Internet of Things (IoT) ecosystem. SEALCOIN’s PoC demonstrates the use of advanced technology embedded within a semiconductor device to validate and verify transactions autonomously. At the heart of this innovation is the Secure Element, an embedded security hardware that protects the private key and certificate representing the device’s unique identity. Leveraging elliptic curve cryptography (ECC) compatible with Hedera’s Decentralized Ledger Technology (DLT), the device can simultaneously authenticate and sign transactions on-chain.

    SEALCOIN AG

    Backed by over 25 years of experience in cybersecurity and secure semiconductor chips, embedded firmware, and trusted hardware provisioning services, SEALCOIN AG, the WISeKey subsidiary housing the SEALCOIN project, is establishing itself as a trusted partner in safeguarding digital assets. SEALCOIN AG was formed in collaboration with The Hashgraph Group AG, and is poised to revolutionize decentralized services and IoT markets.

    The SEALCOIN platform will seamlessly integrate physical security infrastructure with DLT components, bridging the gap between traditional secure systems and the decentralized digital future. The platform will ensure that all autonomous device interactions occur within a transparent, secure ecosystem, with SEALCOIN’s TIOT token serving as the key enabler of these interactions. This system is designed to eliminate bottlenecks and vulnerabilities associated with centralized transaction models, ushering in a new era of M2M transactions.

    Bridging Satellite and IoT Ecosystems

    SEALCOIN’s first PoC was a success, validating the feasibility of M2M transactions within a terrestrial framework. The second PoC will expand this capability to space-based systems, with SEALCOIN tokens transacted via WISeSat’s satellite constellation to IoT devices on the ground. This innovative approach demonstrates the scalability of decentralized infrastructures to handle real-world applications, from energy trading to automated service exchanges.

    Towards a Decentralized IoT Marketplace

    With SEALCOIN’s TIOT token, IoT devices can autonomously negotiate, execute, and settle transactions securely, without the need for human intervention or centralized intermediaries. This decentralized marketplace allows devices to participate in service-for-payment exchanges and other automated processes, all powered by SEALCOIN’s TIOT token.

    Carlos Moreira, CEO of WISeKey, commented, “This PoC marks an important step towards enabling seamless, decentralized M2M transactions from space. With the SEALCOIN token and WISeSat’s satellite infrastructure, we are moving closer to a future where IoT devices can securely and autonomously manage transactions across vast, interconnected ecosystems. The upcoming launch of the new generation of WISeSat satellites in January 2025 will further accelerate our vision of a decentralized, space-powered IoT network.”

    For more information on WISeSat, SEALCOIN, and their decentralized IoT solutions, please visit http://www.wisekey.com and http://www.sealcoin.com.

    About SEALCOIN AG
    SEALCOIN is a decentralized platform designed to facilitate secure, autonomous transactions between IoT devices. Built on Hedera Hashgraph, SEALCOIN allows devices to engage in seamless service-for-payment exchanges without the need for intermediaries. With a focus on privacy, scalability, and decentralized governance, SEALCOIN is poised to revolutionize the Internet of Things (IoT) landscape.

    About WISeSat.Space

    WISeSat AG is pioneering a transformative approach to IoT connectivity and climate change monitoring through its innovative satellite constellation. By providing cost-effective, secure, and global IoT connectivity, WISeSat is enabling a wide range of applications that support environmental monitoring, disaster management, and sustainable practices. The integration of satellite data with advanced climate models holds great promise for enhancing our understanding of climate change and developing effective strategies to combat its impacts. As the world continues to grapple with the challenges of climate change, initiatives like WISeSat’s IoT satellite constellation are essential for creating a more resilient and sustainable future.

    About WISeKey

    WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a Swiss-based computer infrastructure company specializing in cybersecurity, digital identity, blockchain, Internet of Things (IoT) solutions, and post-quantum semiconductors. As a computer infrastructure company, WISeKey provides secure platforms for data and device management across industries like finance, healthcare, and government. It leverages its Public Key Infrastructure (PKI) to ensure encrypted communications and authentication, while also focusing on next-generation security through post-quantum cryptography.

    WISeKey’s work with post-quantum semiconductors is aimed at future-proofing its security solutions against the threats posed by quantum computing. These advanced semiconductors support encryption that can withstand the computational power of quantum computers, ensuring the long-term security of connected devices and critical infrastructure. Combined with its expertise in blockchain and IoT, WISeKey’s post-quantum technologies provide a robust foundation for secure digital ecosystems at the hardware, software, and network levels.

    WISeKey operates as a holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions, and (v) SEALCOIN AG which focuses on decentralized physical internet with DePIN technology and house the development of the SEALCOIN platform.

    For more information on WISeKey’s strategic direction and its subsidiary companies, please visit http://www.wisekey.com.

    Disclaimer
    This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

    This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FinSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

    Press and Investor Contacts

    WISeKey International Holding Ltd 
    Company Contact:  Carlos Moreira
    Chairman & CEO
    Tel: +41 22 594 3000
    info@wisekey.com    		 WISeKey Investor Relations (US) 
    The Equity Group Inc.
    Lena Cati
    Tel: +1 212 836-9611 / lcati@equityny.com
    Katie Murphy
    Tel: +1 212 836-9612 / kmurphy@equityny.com

    The MIL Network –