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Category: GlobeNewswire

  • MIL-OSI: Breeze Holdings Acquisition Corp. Announces Definitive Agreement to Merge with YD Biopharma Limited

    Source: GlobeNewswire (MIL-OSI)

    YD Biopharma is a Clinical-Stage Biopharmaceutical Company Focusing on Cancer Prevention Diagnostics and Seeking to Transform the Treatment of a Wide Spectrum of Diseases

    Pro Forma for the Transaction, Combined Company is Expected to Have an Estimated Enterprise Value of Nearly $700 Million

    The Proposed Merger is Expected to Close by Early 2025; After Closing, the Combined Company is Expected to be Listed on Nasdaq Capital Market

    YD Biopharma has Recently Obtained Patents, Technology, and U.S. Authorization for Core Methylation Detection of Pancreatic Cancer, Along with Entering into an Agreement to Acquire Licenses for Breast Cancer Detection Upon the Closing of the Merger

    IRVING, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) — Breeze Holdings Acquisition Corp. (OTCQX: BRZH, BRZHR, BRZHW) (“Breeze” or the “Company”), a publicly traded special purpose acquisition company, has entered into a definitive agreement to merge with YD Biopharma Limited (“YD Biopharma”), a clinical-stage biopharmaceutical company focusing on cancer prevention medical diagnostics and the development of exosome-based therapeutics with the potential to transform the treatment of a wide spectrum of diseases with high unmet medical need. Following the closing, the combined company is expected to be listed on the Nasdaq Capital Market.

    Using Technology to Detect Health Problems Early On
    YD Biopharma specializes in the biopharmaceutical business and serves as a supplier of drugs and medical materials for clinical trials. In 2015, YD Biopharma was appointed as a clinical testing drug supplier by Novartis and has since expanded its offerings to include development and supply of ancillary products post-launch. YD Biopharma’s mission is to create a cancer-free world through advancements in biotechnology.

    More recently, YD Biopharma obtained patent and technology authorization from 3D Global Biotech Inc. (“3D Biotech”) to pioneer the application of corneal mesenchymal stem cells and their exosomes for treating eye diseases. YD Biopharma has introduced new advanced drugs and treatments for conditions such as dry eye disease, glaucoma, and corneal repair. YD Biopharma aims to optimize the treatment market for eye diseases by distribution through pharmacies, optometrists, and other channels.

    Earlier this year, YD Biopharma obtained patents, technology and U.S. market authorization from EG Biomed Taiwan for core methylation detection of pancreatic cancer with high sensitivity, specificity and accuracy. This partnership has led to the establishment of an independent laboratory in the U.S. dedicated to pancreatic cancer early detection and monitoring technology that marks a significant expansion of YD Biopharma’s research and development capabilities to collaborate with hospitals, insurance companies and pharmaceutical companies to reach new patients.

    YD Biopharma has also recently negotiated related authorizations for breast cancer detection to further expand the Company’s product offerings. YD Biopharma is in the process of acquiring licenses from EG BioMed Taiwan for advanced breast cancer detection technology in the U.S., E.U., and Asia-Pacific that has high sensitivity, specificity and accuracy. The acquisition of the licenses for EG Biomed’s breast cancer detection technology in the U.S., E.U., and Asia-Pacific is expected to be consummated simultaneously with the closing of the merger with Breeze.

    Management Commentary
    Dr. Ethan Shen, the Founder, Chairman and CEO of YD Biopharma, has an extensive background in the pharmaceutical industry having worked at a well-known global pharmaceutical company. Inspired by his father’s struggle with cancer and subsequent passing, Dr. Shen is dedicated to eradicating cancer and helping people to avoid chronic and painful treatments through early detection.

    Dr. Shen stated the following regarding the proposed transaction, “I’m pleased to announce the next phase of our strategy as we embark on a public listing in the U.S. through the proposed business combination with Breeze. Since our founding in 2013, we’ve made significant strides in expanding our capabilities through organic innovation, licensing agreements, and notable strategic partnerships. We have a strategic roadmap in place for accelerated growth and a compelling story to tell in the U.S. market as we aim to deliver health problem detection at an earlier stage than ever before through minimal intervention.”

    J. Douglas Ramsey, Ph.D., Chairman and CEO of Breeze, commented, “From day one, it has been our mission at Breeze to find a company with innovative and disruptive technology that has the potential to deliver significant growth to our shareholders. We are highly optimistic about the proposed business combination with YD Biopharma, a company that we believe is a true outlier in the biotech industry with strong growth potential in a variety of healthcare markets. We are working closely with their team to expeditiously close the transaction by early 2025 and move forward with YD Biopharma as a publicly traded company in the U.S.”

    YD Biopharma Key Investment Highlights

    • Proven Capabilities Across a Broad Spectrum of Solutions: YD Biopharma has an extensive suite of solutions ranging from ophthalmology cellular drug development to pancreatic and breast cancer diagnostics to nutritional product sales.
    • Notable Strategic Partnerships, Offering Validation and Growth Potential: YD Biopharma is a clinical testing drug supplier for Novartis, a top five global pharmaceutical company, as well as having licensing partnerships with EG BioMed for pancreatic cancer detection and 3D Global Biotech to develop treatment for eye disorders.
    • Proprietary Technology Supported by Licensing Agreements and IP Portfolio: Multi-decade, exclusive licensing agreements and owned, patented technology provides YD Biopharma with significant competitive first-mover advantage in each of its clinical markets.
    • Large and Underserved Markets for Each Solution Showcase Untapped Growth Potential: Multi-billion-dollar global market sizes and high single digit CAGRs over the next decade provide significant growth potential for YD Biopharma’s solutions.
    • Strong Leadership Team with Deep Expertise in Biotech and Finance: YD Biopharma has a founder-led management team with experience in new drug development, medical-grade health product development, pharmacy channel development, and financial management and accounting.

    Transaction Overview
    Under the terms of the business combination agreement, Breeze and YD Biopharma will each merge into wholly-owned subsidiaries of a newly formed Cayman holding company expected to be named “YD Biopharma Holdings Limited” and is anticipated to be listed on the Nasdaq Capital Market.

    Assuming no redemptions, the combined company will have an estimated post-transaction enterprise value of $694 million, consisting of an estimated equity value of $715 million, $21.0 million in cash and no debt. Cash proceeds raised will consist of Breeze’s $10.1 million cash in trust (before redemptions and payment of any transaction expenses) and $15 million in anticipated new capital.

    YD Biopharma intends to use the proceeds from the transaction to expand production and continue development, approval and launch of new technologies.

    The transaction has been unanimously approved by the boards of directors of both YD Biopharma and Breeze. It is expected to close by early 2025, subject to regulatory and stockholder approvals, and other customary closing conditions. Additional information may be found in the Current Report on Form 8-K that was filed by Breeze Holdings today with the U.S. Securities and Exchange Commission.

    Upon completion of the transaction, YD Biopharma will continue to be led by Founder, Chairman, and CEO Dr. Ethan Shen. Wu Cheng-fend will serve as Chief Medical Officer, and May Tsai will serve as Chief Business Officer.

    Advisors
    ArentFox Schiff LLP and Ogier are acting as legal advisors to YD Biopharma. I-Bankers Securities, Inc. is acting as financial advisor to Breeze Holdings. Woolery & Co. PLLC is acting as legal advisor to Breeze Holdings.

    About YD Biopharma
    YD Biopharma Limited is a clinical-stage biopharmaceutical company focusing on cancer prevention medical diagnostics and the development of exosome-based therapeutics with the potential to transform the treatment of a wide spectrum of diseases with high unmet medical need. Through continuous effort and innovation, the Company has also become a recognized supplier of clinical trial drugs and has begun developing and supplying post-market auxiliary products.

    For more information, please visit www.yd-biopharma.com.

    About Breeze Holdings Acquisition Corp.
    Breeze Holdings is a blank check company organized for the purpose of effecting a merger, share exchange, asset acquisition, stock purchase, recapitalization, reorganization, or other similar business combinations with one or more businesses or entities.

    Additional Information and Where to Find It
    This press release relates to a proposed business combination transaction involving Breeze Holdings and YD Biopharma. In connection with the proposed transaction, a newly-formed Cayman exempted company expected to be named “YD Biopharma Holdings Limited” (“YD Holdings”) intends to file with the U.S. Securities and Exchange Commission (the “SEC”) a registration statement on Form F-4 that will include a proxy statement of Breeze and that also will constitute a prospectus of YD Holdings with respect to the ordinary shares of YD Holdings to be issued in the proposed transaction (the “Proxy Statement/Prospectus”). This document is not a substitute for the Proxy Statement/Prospectus. The definitive Proxy Statement/Prospectus (if and when available) will be delivered to Breeze Holdings’ and YD Biopharma’s stockholders. Breeze Holdings may also file other relevant documents regarding the proposed transaction with the SEC. BEFORE MAKING ANY VOTING OR INVESTMENT DECISION, INVESTORS AND SECURITY HOLDERS OF BREEZE HOLDINGS AND YD BIOPHARMA AND OTHER INTERESTED PARTIES ARE URGED TO READ THE REGISTRATION STATEMENT, PROXY STATEMENT/PROSPECTUS AND ALL OTHER RELEVANT DOCUMENTS THAT ARE FILED OR WILL BE FILED WITH THE SEC IN CONNECTION WITH THE PROPOSED TRANSACTION, INCLUDING ANY AMENDMENTS OR SUPPLEMENTS TO THESE DOCUMENTS, CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT BREEZE HOLDINGS, YD HOLDINGS, YD BIOPHARMA, THE PROPOSED TRANSACTION AND RELATED MATTERS.

    Investors and security holders of Breeze Holdings and YD Biopharma may obtain free copies of the Registration Statement and Proxy Statement/Prospectus (if and when available) and other documents that are filed or will be filed with the SEC by Breeze Holdings through the website maintained by the SEC at www.sec.gov. Copies of the documents filed with the SEC by Breeze Holdings will be available free of charge at Breeze Holdings Acquisition Corp., 955 W. John Carpenter Fwy., Suite 100-929, Irving, TX 75039, attention: J. Douglas Ramsey.

    Participants in the Solicitation
    Breeze Holdings, YD Biopharma and certain of their respective directors and executive officers may be deemed to be participants in the solicitation of proxies from the stockholders of Breeze Holdings and YD Biopharma in respect of the proposed transaction. Information about Breeze Holdings’ directors and executive officers and their ownership of Breeze Holdings common stock is set forth in Breeze Holdings’ filings with the SEC, including its Annual Report on Form 10-K/A for the year ended December 31, 2023 filed with the SEC on April 25, 2024 (the “Annual Report”). To the extent that holdings of Breeze Holdings’ securities have changed since the amounts included in the Annual Report, such changes have been or will be reflected on Statements of Change in Ownership of Form 4 filed with the SEC. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, will be contained in the Proxy Statement/Prospectus and other relevant materials to be filed with the SEC in respect of the proposed transaction when they become available. You may obtain free copies of these documents as described in the preceding paragraph.

    Cautionary Note Regarding Forward-Looking Statements
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, including, among other things, statements regarding the anticipated benefits and impact of the proposed transaction on the combined company’s business and future financial and operating results, the anticipated timing of closing of the proposed transaction, the anticipated growth of the industries and markets in which YD Biopharma competes, the success and customer acceptance of YD Biopharma’s product and service offerings and other aspects of YD Biopharma’s operations, plans, objectives, opportunities, expectations or operating results, the expected ownership structure of the combined company and the likelihood and ability of the parties to successfully consummate the proposed transaction. Words such as “may,” “should,” “will,” “believe,” “expect,” “anticipate,” “intend,” “estimated,” “target,” “project,” and similar phrases or words of similar meaning that denote future expectations or intent regarding the combined company’s financial results, operations and other matters are intended to identify forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. Such forward-looking statements are based upon the current beliefs and expectations of management and are inherently subject to significant business, economic and competitive risks, uncertainties and other factors, both known and unknown, which are difficult to predict and generally beyond our control and that may cause actual results and the timing of future events to differ materially from the results and timing of future events anticipated by the forward-looking statements in this press release, including but not limited to: (i) the ability of the parties to complete the proposed transaction within the time frame anticipated or at all, which may adversely impact the price of Breeze Holdings’ securities; (ii) the failure to realize the anticipated benefits of the proposed transaction or those benefits taking longer than anticipated to be realized; (iii) the risk that the proposed transaction may not be completed by Breeze Holdings’ business combination deadline and the potential failure to obtain further extensions of the business combination deadline if sought by Breeze Holdings; (iv) the failure to satisfy the conditions to the consummation of the proposed transaction, including the adoption of the definitive merger agreement by the stockholders of Breeze Holdings or YD Biopharma, the receipt of any required governmental or regulatory approvals or the failure to meet the Nasdaq listing standards in connection with the closing of the proposed transaction; (v) the lack of a third party valuation in determining whether or not to pursue the proposed transaction; (vi) the occurrence of any event, change or other circumstance that could give rise to the termination of the definitive merger agreement; (vii) the impact of the COVID-19 pandemic or related governmental or regulatory orders ; (viii) the effect of the announcement or pendency of the proposed transaction on YD Biopharma’s business relationships, performance and business generally; (ix) risks that the proposed transaction disrupts current plans and operations of YD Biopharma and any potential difficulties in YD Biopharma employee retention as a result of the proposed transaction; (x) the outcome of any legal proceedings that may be instituted against YD Biopharma or Breeze Holdings related to the definitive merger agreement or the proposed transaction or any product liability or regulatory lawsuits or proceedings relating to YD Biopharma’s products or services; (xi) the ability to maintain the listing of YD Holdings’ securities on the Nasdaq Capital Market after the closing of the proposed transaction; (xii) potential volatility in the price of Breeze Holdings’ securities due to a variety of factors, including changes in the competitive and highly regulated industries in which YD Biopharma operates, variations in performance across competitors, changes in laws and regulations affecting YD Biopharma’s business, and changes in the combined company’s capital structure; (xiii) the ability to implement business plans, identify and realize additional opportunities and achieve forecasts and other expectations after the completion of the proposed transaction; (xiv) the risk of downturns and the possibility of rapid change in the highly competitive industries in which YD Biopharma operates or the markets that YD Biopharma targets; (xv) the inability of YD Biopharma and its current and future collaborators to successfully develop and commercialize YD Biopharma’s products and services in the expected time frame or at all; (xvi) the risk that the combined company may never achieve or sustain profitability or may need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; and (xvii) the costs of the proposed transaction. The forward-looking statements contained in this press release are also subject to additional risks, uncertainties and factors, including those described in Breeze Holdings’ most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q and other documents filed or to be filed with the SEC by Breeze Holdings from time to time. You are cautioned not to place undue reliance on forward-looking statements as a predictor of future performance as projected financial information and other information are based on estimates and assumptions that are inherently subject to various significant risks, uncertainties and other factors, many of which are beyond our control. The forward-looking statements included in this press release are made only as of the date hereof, and we disclaim any intention or obligation to update any forward-looking statements as a result of developments occurring after the date hereof. Forecasts and estimates regarding YD Biopharma’s industry and end markets are based on sources we believe to be reliable, however there can be no assurance these forecasts and estimates will prove accurate in whole or in part. Annualized, pro forma, projected and estimated numbers are used for illustrative purposes only, are not forecasts and may not reflect actual results.

    No Offer or Solicitation
    This press release is for informational purposes only and is not intended to and shall not constitute an offer to sell or the solicitation of an offer to sell or to buy any securities or a solicitation of any proxy, consent, vote or approval with respect to any securities in respect of the proposed transaction and is not a substitute for the Proxy Statement/Prospectus or any other document that Breeze Holdings may file with the SEC or send to Breeze Holdings’ or YD Biopharma’s stockholders in connection with the proposed transaction. No offer, sale, issuance or transfer of securities shall be made in any jurisdiction in which such offer, sale, issuance or transfer would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

    Contacts:

    YD Biopharma Limited
    Bob Chiu
    bobc95@udn-pharm.com

    Breeze Holdings Acquisition Corp.
    Investor Relations
    Cody Slach and Cody Cree
    Gateway Group

    (949) 574-3860
    BREZ@gateway-grp.com

    The MIL Network –

  • MIL-OSI: PUBLICATION OF SUPPLEMENTARY PROSPECTUS

    Source: GlobeNewswire (MIL-OSI)

    Issuer LEI: 213800ZBKL9BHSL2K459

    OSB GROUP PLC

    (the “Company” or “Issuer”)

    The Company announces today that a supplementary prospectus dated 25 September 2024 to the base prospectus dated 14 May 2024 (the “Base Prospectus“), in relation to the establishment of its £3,000,000,000 Euro Medium Term Note Programme (the “EMTN Programme”) has been approved by the Financial Conduct Authority and is available for viewing.

    To view the full document, paste the following URL into the address bar of your browser:

    https://www.osb.co.uk/investors/debt-investors/emtn-programme/

    A copy of the supplementary prospectus will also be submitted to the National Storage Mechanism and will shortly be available for inspection at: https://data.fca.org.uk/#/nsm/nationalstoragemechanism.

    OSB GROUP PLC

    Alastair Pate                                                 
    Group Head of Investor Relations
    Email: osbrelations@osb.co.uk                                t: 01634 838 973

    Jens Bech
    Group Commercial Director                                    t: 01634 835 796

    Brunswick                                                                            
    Robin Wrench/Simone Selzer                                 t: 020 7404 5959 

    Notes to Editors

    About OSB GROUP PLC

    OneSavings Bank plc (OSB) began trading as a bank on 1 February 2011 and was admitted to the main market of the London Stock Exchange in June 2014 (OSB.L). OSB joined the FTSE 250 index in June 2015. On 4 October 2019, OSB acquired Charter Court Financial Services Group plc and its subsidiary businesses. On 30 November 2020, OSB GROUP PLC became the listed entity and holding company for the OSB Group. The Group provides specialist lending and retail savings and is authorised by the Prudential Regulation Authority, part of the Bank of England, and regulated by the Financial Conduct Authority and Prudential Regulation Authority. The Group reports under two segments, OneSavings Bank and Charter Court Financial Services.

    The MIL Network –

  • MIL-OSI: illumin to Participate in Upcoming Investor Conferences

    Source: GlobeNewswire (MIL-OSI)

    TORONTO, Sept. 25, 2024 (GLOBE NEWSWIRE) — illumin Holdings Inc. (TSX:ILLM, OTCQB:ILLMF) (“illumin” or “Company”), a Journey Advertising technology company that empowers marketers to make smarter decisions about communicating with online consumers, today announced that Simon Cairns, Chief Executive Officer, and Elliot Muchnik, Chief Financial Officer, will participate in the following upcoming conferences.

    Wedbush Securities AdTech Conference

    Management will participate (virtually) in a fireside chart at the Wedbush Securities AdTech Conference on Thursday, October 10th at 12:15 pm ET, and will also host virtual investor meetings.

    TD Securities Technology Conference

    The Company will also participate in the TD Securities Technology Conference taking place in Toronto from November 25- 26th. Management will also host investor meetings on Tuesday, November 26th.

    For more information about the conferences or to schedule a one-on-one meeting with management, please contact your representatives at Wedbush Securities and TD Securities.

    About illumin:

    illumin is a journey advertising platform that enables marketers to reach consumers at every stage of their journey by leveraging advanced machine learning algorithms and real-time data analytics. The Company’s mission is to illuminate the path for brands to connect with their customers through the power of data-driven advertising. Headquartered in Toronto, Canada, illumin serves clients across North America, Latin America, and Europe.

    For further information, please contact.

      Steve Hosein  David Hanover
      Investor Relations Investor Relations – U.S.
      illumin Holdings Inc. KCSA Strategic Communications
      416-218-9888 x5313  212-896-1220
      investors@illumin.com dhanover@kcsa.com
         

    Disclaimer in regard to Forward-looking Statements

    Certain statements included herein constitute “forward-looking statements” within the meaning of applicable securities laws. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable by management at this time, are inherently subject to significant business, economic and competitive uncertainties and contingencies. Investors are cautioned not to put undue reliance on forward-looking statements. Except as required by law, the Company does not intend, and undertakes no obligation, to update any forward-looking statements to reflect, in particular, new information or future events.

    The MIL Network –

  • MIL-OSI: FactSet’s GHG Emissions Commitment Validated by Science Based Targets Initiative

    Source: GlobeNewswire (MIL-OSI)

    NORWALK, Conn., Sept. 25, 2024 (GLOBE NEWSWIRE) — FactSet, a global financial digital platform and enterprise solutions provider, today announced that the Science Based Targets initiative (SBTi) has validated its near-term, company-wide sustainability initiative to reduce greenhouse gas (GHG) emissions to combat the global climate crisis.

    This validation follows FactSet’s 2022 near-term emission reduction commitment, confirming the company’s goals have been reviewed by corporate climate experts and are inline and attainable according to SBTi’s guidelines. These goals include reducing scope 1, direct and owned company emissions; scope 2, indirect and off-site company emissions; and scope 3, indirect value chain emissions.

    FactSet’s commitment involves:

    • FactSet Research Systems Inc. commits to reduce absolute scope 1 and 2 GHG emissions by 45% by its 2030 fiscal year from its fiscal 2023 base year levels.
    • FactSet Research Systems Inc. commits to reduce absolute scope 3 GHG emissions by 25% by its 2030 fiscal year from its fiscal 2023 base year levels.

    As outlined in FactSet’s 2023 Sustainability Report, FactSet commits to measuring and disclosing its GHG emissions to drive business goals and reach a net zero future. As FactSet progresses towards its decarbonization targets, FactSet will be researching and implementing alternate strategies to adapt its operations to decrease its scope 1, 2, and 3 emissions.

    “At FactSet, we are committed to upholding the highest standards to achieve our sustainability goals,” said Bénédicte Godet Crochet, Chair of the Sustainability Committee at FactSet. “As we receive this validation from the Science Based Targets initiative, we continue to progress our efforts towards making a meaningful impact on our planet and community. This achievement marks a significant milestone in our sustainability journey, and we are proud to be a player in reaching a net-zero future.”

    This validation is in accordance with FactSet’s sustainability plan, which is reinforced by the company’s executive-sponsored Sustainability Committee, a group that supports and executes sustainability goals and initiatives, as well as previous pledges with the United Nations Global Compact (UNGC) and Principles for Responsible Investing (PRI).

    To learn more about FactSet’s sustainability program, please visit: https://www.factset.com/our-company/sustainability.

    About FactSet
    FactSet (NYSE:FDS | NASDAQ:FDS) helps the financial community to see more, think bigger, and work better. Our digital platform and enterprise solutions deliver financial data, analytics, and open technology to more than 8,200 global clients, including over 216,000 individual users. Clients across the buy-side and sell-side as well as wealth managers, private equity firms, and corporations achieve more every day with our comprehensive and connected content, flexible next-generation workflow solutions, and client-centric specialized support. As a member of the S&P 500, we are committed to sustainable growth and have been recognized amongst the Best Places to Work in 2023 by Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more at www.factset.com and follow us on X and LinkedIn.

    FactSet
    Investor Relations Contact:
    Ali van Nes
    +1.203.810.2273
    Avannes@factset.com

    Media Contact:
    Megan Kovach
    +1.512.736.2795
    megan.kovach@factset.com

    The MIL Network –

  • MIL-OSI: HP Strengthens Workforce Experience Platform with Acquisition of Vyopta

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — HP Inc. today announced it has acquired Vyopta, an Austin based provider of collaboration management solutions, offering analytics and monitoring for large, unified communications and collaboration (UC) networks. Vyopta brings extensive expertise and infrastructure to turbocharge the development of HP’s Workforce Experience Platform and provide customers with more insights and capabilities.

    The HP Workforce Experience Platform, launched earlier this year, is designed to improve the employee experience and simplify IT management by giving customers control over their digital ecosystem from a single pane of glass. Today’s news marks the next step in the Platform journey to create a more comprehensive workplace view for customers and set HP further apart from competitors.

    “With the addition of Vyopta’s unique capabilities, HP has a tremendous opportunity to unlock fulfilling employee experiences and meet the evolving needs of our customers,” said Faisal Masud, President, HP Digital Services. “Vyopta has revolutionized the way organizations deliver collaboration experiences by providing contextual intelligence, unified visibility, and actionable alerts across a wide range of business collaboration applications, devices, and infrastructure. Together, we will deliver more AI-driven, streamlined, and comprehensive insights that enable an agile, resilient, and productive workforce.”

    This acquisition will accelerate HP’s existing platform strategy and expand its capabilities to include space and application management, offering customers:

    • Enhanced Fleet Management with Vyopta as a core feature that provides multi-vendor monitoring, analytics, space utilization and occupancy tracking, and planning insights.
    • End-to-End Insights based on telemetry captured from on premises and cloud collaboration technologies to deliver visibility across devices, applications, infrastructure, and networks and proactive troubleshooting, recommendations, and data-driven workplace decisions.
    • AI-Powered Platform with accelerated Managed Collaboration Solutions integration and enriched datasets for employee experience management.
    • Rebuilt SaaS Platform using a modern microservices architecture with improved integrations, scalability, and security

    Vyopta was founded in 2007 and transforms how organizations deliver exceptional collaboration experiences by providing contextual intelligence, unified visibility, and actionable alerts for business collaboration applications, devices, and infrastructure.

    About HP
    HP Inc. (NYSE: HPQ) is a global technology leader and creator of solutions that enable people to bring their ideas to life and connect to the things that matter most. Operating in more than 170 countries, HP delivers a wide range of innovative and sustainable devices, services and subscriptions for personal computing, printing, 3D printing, hybrid work, gaming, and more. For more information, please visit: http://www.hp.com. 

    The MIL Network –

  • MIL-OSI: Synchronoss Introduces Enhanced Version of Flagship Personal Cloud Platform for Service Providers

    Source: GlobeNewswire (MIL-OSI)

    BRIDGEWATER, N.J., Sept. 25, 2024 (GLOBE NEWSWIRE) — Synchronoss Technologies, Inc. (“Synchronoss” or the “Company”) (NASDAQ: SNCR), a global leader and innovator in personal cloud platforms, today announced the latest version of its carrier-grade Synchronoss Personal Cloud platform. Unlike over-the-top (OTT) solutions, the new Synchronoss Personal Cloud offers a tailored white-label solution for service providers to enable subscribers to manage, backup and optimize all types of digital content across a range of mobile devices, laptops, and computers.

    Available now, the latest Synchronoss Personal Cloud introduces several enhanced features and capabilities that are designed to increase awareness and drive subscriber engagement:

    • Memories – an AI curated personalization of user’s content in a movie format that users can enjoy and share with their family and friends.
    • AI-Enhanced Genius with One-Click Editing – allows users to edit and optimize photos with an array of AI filters and transformations.
    • Improved Backups – significant enhancements to improve backup and notification management.
    • Tip Cards – new in-app communications “tiles” allow carriers to provide relevant tips to their subscribers to drive awareness and adoption of new features.

    “The newest version of Synchronoss Personal Cloud enables our service provider partners to deliver robust cloud solutions with enhanced user experiences aimed specifically at improving engagement,” said Jeff Miller, President and CEO of Synchronoss. “With the introduction of Memories and AI-Enhanced Genius features, subscribers can effortlessly curate, share, and optimize their digital content – all within an intuitive and consistent interface. We are very proud to announce these new capabilities and are excited for subscriber feedback based on the user experience testing we have done.”

    Delivered as a white-label solution through leading communications service providers, telecom carriers, and mobile operators, Synchronoss Personal Cloud currently supports over 10 million mobile and broadband subscribers worldwide. Synchronoss’ flexible and highly scalable platform enables operators and service providers to rapidly launch and offer personal cloud solutions across tiered plans, value-added bundles, and premium features, effectively minimizing churn and increasing average revenue per user (ARPU).

    About Synchronoss
    Synchronoss Technologies (Nasdaq: SNCR), a global leader in personal Cloud solutions, empowers service providers to establish secure and meaningful connections with their subscribers. Our SaaS Cloud platform simplifies onboarding processes and fosters subscriber engagement, resulting in enhanced revenue streams, reduced expenses, and faster time-to-market. Millions of subscribers trust Synchronoss to safeguard their most cherished memories and important digital content. Explore how our Cloud-focused solutions redefine the way you connect with your digital world at www.synchronoss.com.

    Media Relations Contact: 
    Domenick Cilea 
    Springboard 
    dcilea@springboardpr.com 

    Investor Relations Contact:
    Ryan Gardella
    ICR for Synchronoss
    SNCRIR@icrinc.com 

    The MIL Network –

  • MIL-OSI: E Ink Announces Collaboration with Delvaux for Handbag Capsule at Paris Fashion Week Using E Ink Prism™ 3

    Source: GlobeNewswire (MIL-OSI)

    BILLERICA, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) — E Ink (8069.TW) the originator, pioneer, and global commercial leader in ePaper technology, today announced their collaboration with Delvaux at Paris Fashion Week. Delvaux’s Helios capsule showcases four designs using E Ink Prism 3 which merge traditional textiles with innovative technologies.

    Inspired by E Ink’s color-changing Prism film—dynamic electronic ink technology defined by its fully programable, reflective, and low power consumption—Delvaux imagined redefining what luxury can be. Over the past two years E Ink and Delvaux have worked closely together to push the boundaries of technology – ultimately creating a product that weaves material innovation and leather mastery together to create a completely unique and personalized experience.

    “Our Helios project unifies extreme tradition with extreme innovation. Once more, it’s the fruit of an encounter and truly collaborative work which started more than two years ago between E Ink’s and Delvaux’s teams,” said Jean-Marc Loubier, Delvaux’s CEO. “The start, in January 2022, is the discovery of E Ink’s innovative technology with new materials, light, and colours at CES in Las Vegas. Our project demonstrates the drive to mix this extraordinary tech with our leather mastery and create outstanding bags, for real, daily use. Commitment and collaboration pushed our two companies well beyond their comfort zones to reach a historic result.”

    “E Ink has explored how to integrate our films into textiles for a number of years,” said Tim O’Malley, Associate Vice President of E Ink’s US Business Unit. “In Delvaux we found a partner that had the vision to imagine new possibilities in how the two materials could work together harmoniously. The resulting designs highlight how innovative materials like E Ink Prism can be seamlessly woven into a traditional material, honoring both history and the future.”

    le Caprice and le Pin mark the first implementation of E Ink’s unique technology in any luxury maison. The two companies are working together to bring the collection to market.

    Founded in 1829, Delvaux has remained at the forefront of luxury leather goods for nearly two centuries because of its savoir-faire, uncompromising craftsmanship, and the outstanding quality of its creations. The visionary and pragmatic Brussels-based luggage maker foresaw the travel revolution approaching and filed its first world patent for a woman’s leather handbag in 1908 with ‘le Princesse’, becoming the inventor of the modern handbag.

    As a global leader in ePaper technology, E Ink is not only committed to delivering innovative technology via advanced manufacturing processes but is also prioritizing sustainability. The company is actively focused on reducing carbon emissions throughout the product design and manufacturing processes by conducting carbon footprint verification and providing customers with a sustainable framework for the design and integration of ePaper products.

    About E Ink

    E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, provides an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation, logistics, and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink has been recognized for their efforts by receiving, validation from Science-Based Targets (SBTi) and is listed in both the DJSI World and DJSI Emerging Indexes. Listed in Taiwan’s Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world’s largest supplier of ePaper displays. For more information please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.

    Contact:

    V2 Communications on behalf of E Ink

    eink@v2comms.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d50c2242-b107-44e4-a86d-63328d86f1ac

    The MIL Network –

  • MIL-OSI: Tactile Medical Announces Positive Clinical Trial Results in Lymphedema Patients Using Advanced Pneumatic Compression Device Therapy

    Source: GlobeNewswire (MIL-OSI)

    MINNEAPOLIS, Sept. 25, 2024 (GLOBE NEWSWIRE) — Tactile Systems Technology, Inc. (“Tactile Medical”; the “Company”) (Nasdaq: TCMD), a medical technology company providing therapies for people with chronic disorders, today announced the publication of a new clinical study in the Journal of Vascular Surgery, Venous and Lymphatic Disorders. This study assessed outcomes associated with use of the Company’s Flexitouch advanced pneumatic compression device (APCD) in Veterans with lower extremity lymphedema. Notably, this 52-week study represents the largest peer-reviewed, prospective, clinical trial investigating PCDs and lymphedema ever published in the United States.

    The prospective, longitudinal, pragmatic study publication, titled “Longitudinal assessment of health-related quality of life and clinical outcomes with at home advanced pneumatic compression treatment of lower extremity lymphedema”, was authored by Padberg et al. and included 179 Veterans across four participating VA medical centers. The primary outcome measures included disease-specific health-related quality of life (QoL) endpoints obtained at baseline and again at each of 12, 24, and 52 weeks. The secondary outcome measures assessed limb circumference, cellulitis events, skin quality, and therapy compliance over the course of 52 weeks. Among the patients included in the study, chronic venous insufficiency was the most common etiology of lymphedema (phlebolymphedema), presenting in approximately 63% of study participants. Further, mild lymphedema was the most common disease stage, presenting in 68% of patients.

    The secondary endpoint results demonstrated several statistically significant improvements, baseline to 52 weeks, with reductions in limb girth, cellulitis events, and skin hyperpigmentation. Among these results, the following were observed:

    • Limb girth decreased by 1.4 cm
    • Cellulitis events decreased from 21.4% to 6.1%
    • Skin hyperpigmentation decreased from 75% of patients to 40% 

    There were additional improvements also noted in compliance and limb girth reduction which included:

    • 92% patient compliance (defined as used for 5 to 7 days per week) with Flexitouch at 8 weeks and 72% patient compliance at 52 weeks
    • 74% patient compliance with compression garments at 52 weeks, compared to 64% at baseline
    • 6% limb girth reduction at 12 weeks in patients with moderate (stage 2) and severe (stage 3) lymphedema.

    “We sincerely thank the clinical researchers, patients, and VA Medical Centers for advancing peer-reviewed evidence that supports clinical and patient benefits of our Flexitouch therapy,” said Sheri Dodd, President and Chief Executive Officer of Tactile Medical. “Achieving these impressive study results, including outstanding compliance over a 1-year timeframe, validates the importance of APCD therapy outcomes and demonstrates a patient experience that supports strong adherence to therapy. We are proud to provide Veterans the at-home tools they need to improve their clinical symptoms and quality of life.”

    Full text of the study may be found online at: https://www.jvsvenous.org/article/S2213-333X(24)00208-7/fulltext.

    About Tactile Systems Technology, Inc. (DBA Tactile Medical)

    Tactile Medical is a leader in developing and marketing at-home therapies for people suffering from underserved, chronic conditions including lymphedema, lipedema, chronic venous insufficiency and chronic pulmonary disease by helping them live better and care for themselves at home. Tactile Medical collaborates with clinicians to expand clinical evidence, raise awareness, increase access to care, reduce overall healthcare costs and improve the quality of life for tens of thousands of patients each year.

    Investor Inquiries:
    Sam Bentzinger
    Gilmartin Group
    investorrelations@tactilemedical.com

    The MIL Network –

  • MIL-OSI: WTW expands Asia Client Division – CRB N.A. with new China Client Division Leader for North America

    Source: GlobeNewswire (MIL-OSI)

    NEW YORK, Sept. 25, 2024 (GLOBE NEWSWIRE) — WTW (NASDAQ: WTW), a leading global advisory, broking, and solutions company, today announced the launch of a new China Client Division within Corporate Risk and Broking, North America (CRB NA), marking a significant milestone in the company’s strategy to expand its presence and broaden offerings focused on the Chinese market.

    The new China Client Division is part of the broader Asia Risk Division, established in December 2023, which encompasses country-specific teams for Japan, South Korea, India, and China. These particular groups were created to address the specific cultural and economic dynamics of each country, alongside their distinctive approaches to risk management in each market. All practice groups within the Asia Risk Division report to Christopher Condello, Head of the Asia Risk Division within CRB NA, who spearheads this strategic expansion and focuses on delivering innovative solutions tailored to the unique needs of Chinese clients.

    This new China client strategy includes the appointment of Jie Yan as China Client Division Leader, effective September 1, 2024. With more than a decade of industry experience, Yan brings a wealth of expertise and cultural understanding of the nuances specific to the Chinese market. She has consistently demonstrated exceptional leadership and robust market knowledge aligned with driving growth and cultivating deep client relationships, making her the ideal selection to lead this new division and execute the China strategy.

    Christopher Condello, Head of the Asia Desk, CRB NA, WTW, commented, “We are excited about the opportunities this new division presents and I am confident that, under Jie’s leadership, we will be able to deliver unparalleled support and service to our Chinese clients with operations in North America. Our focus is on building a market-specific team that can deliver tailored solutions for clients in this key market.”

    About WTW

    At WTW (NASDAQ: WTW), we provide data-driven, insight-led solutions in the areas of people, risk and capital. Leveraging the global view and local expertise of our colleagues serving 140 countries and markets, we help organizations sharpen their strategy, enhance organizational resilience, motivate their workforce and maximize performance. Working shoulder to shoulder with our clients, we uncover opportunities for sustainable success—and provide perspective that moves you. Learn more at wtwco.com.

    Media Contacts

    Douglas Menelly
    Douglas.Menelly@wtwco.com  +1 (516) 972 0380

    Arnelle Sullivan
    Arnelle.Sullivan@wtwco.com  +1 (718) 208-0474

    The MIL Network –

  • MIL-OSI: Equipment Leasing and Finance Association’s Monthly Leasing and Finance Index Shows Originations Down 10% Y/Y, Improved Credit Performance

    Source: GlobeNewswire (MIL-OSI)

    WASHINGTON, Sept. 25, 2024 (GLOBE NEWSWIRE) — The Equipment Leasing and Finance Association’s (ELFA) Monthly Leasing and Finance Index (MLFI-25), a survey of economic activity from 25 companies representing a cross section of the $1 trillion equipment finance sector, reports that in August:

    • New business volume (NBV) was $9.2 billion, down 10% from August 2023.
    • Month over month, NBV was down 17% from $11.1 billion in July 2024.
    • Year to date, cumulative NBV was up 3.5% compared to 2023.

    Additional findings include:

    • Receivables over 30 days were 2.2%, down from 2.5% the previous month and down from 2.3% in the same period in 2023.
    • Charge-offs were 0.4%, down from 0.5% the previous month, and up from 0.3% year over year.
    • Credit approvals totaled 76%, unchanged from July.
    • Total headcount for equipment finance companies was up 1.2% year-over-year.

    Separately, the Equipment Leasing & Finance Foundation’s Monthly Confidence Index in September is 61.9, up from the August index of 58.4, and the highest level in more than two years.

    ELFA President and CEO Leigh Lytle said, “The Fed’s decision to begin lowering interest rates will support demand for equipment, even if some businesses wait for rates to fall further before investing. That wait-and-see approach showed up in our August MLFI as new business volumes declined. However, ELFA members expect acquisitions to pick up once we‘re past the election and interest rates fall a bit further. That sentiment was also reflected in our Foundation’s recent Monthly Confidence Index, which showed that equipment finance executives are very optimistic about their organizations’ prospects over the next four months. Finally, credit conditions remain healthy, which will allow lessors and financiers to service new demand when it shows up later this year.”

    Marci Slagle, CLFP, President, BankFinancial Equipment Finance, said, “It appears there is still a slight slowdown in the equipment finance industry, which was heavily weighted in the decrease in origination activity at banks, which led to a dip in new business volume. However, it’s reassuring to hear that portfolio quality is remaining stable, with improvements in receivables and a reduction in losses. What was not baked into these numbers was the Fed rate drop this month. This will help stimulate fourth quarter growth, for both independent lessors and banks. The anticipation of further rate reductions may indeed boost demand, encouraging businesses to invest in capital expenditures. It’s definitely a pivotal time for both independent lessors and banks as we navigate these changes, but I think we are going to start trending in the right direction.”

    About ELFA’s MLFI-25
    The MLFI-25 is the only near-real-time index that reflects capex, or the volume of commercial equipment financed in the U.S. It is released monthly from Washington, D.C., one day before the U.S. Department of Commerce’s durable goods report. This financial indicator complements reports like the Institute for Supply Management Index, providing a comprehensive view of productive assets in the U.S. economy—equipment produced, acquired and financed. The MLFI-25 consists of two years of business activity data from 25 participating companies. For more details, including methodology and participants, visit www.elfaonline.org/knowledge-hub/mlfi.

    About ELFA
    The Equipment Leasing and Finance Association (ELFA) represents financial services companies and manufacturers in the $1 trillion U.S. equipment finance sector. ELFA’s 575 member companies provide essential financing that helps businesses acquire the equipment they need to operate and grow. Learn how equipment finance contributes to businesses’ success, U.S. economic growth, manufacturing and jobs at www.elfaonline.org.

    Follow ELFA:
    X: @ELFAonline
    LinkedIn: https://www.linkedin.com/groups/89692/

    Media/Press Contact: Amy Vogt, Vice President, Communications and Marketing, ELFA, avogt@elfaonline.org

    The MIL Network –

  • MIL-OSI: iHit Tech Makes Its Debut in the Southeast Asian Market, Exploring the Development Potential of Pure Quality Products with Local Vape Brands

    Source: GlobeNewswire (MIL-OSI)

    KUALA LUMPUR, Malaysia, Sept. 25, 2024 (GLOBE NEWSWIRE) — iHit Tech is excited to announce its first participation in the ANTYS New Tobacco Exhibition, representing a pivotal entry into the Southeast Asian market. This event offered a valuable opportunity for iHit Tech to connect with local brand representatives and explore the current dynamics of the Southeast Asian vape market, as well as the emerging trends for ceramic coil vaping products.

    At the exhibition, iHit Tech showcased a comprehensive range of atomization technology solutions, including the iHit Solo, iHit Dual, and iHit Pro. These innovative products collectively highlight several key advantages:

    1. Pure Atomization and Visibility: iHit solutions ensure a clean vaping experience while offering a transparent view of the atomization process, enhancing user engagement.

    2. High Burst and TPM Release: With exceptional burst capability and high Tokes Per Minute (TPM) delivery, iHit tech solutions elevate the quality of the vaping experience. Users can enjoy substantial vapor volume while savoring a richer aromatic profile.

    3. Optimal Balance of Atomization and E-liquid Supply: iHit Tech has achieved the perfect equilibrium between atomization speed and E-liquid supply, ensuring consistent performance and satisfaction.

    With these cutting-edge tech solutions, iHit Tech is at the forefront, collaborating with brand partners to deliver exceptional flavor and performance for vaping users.

    iHit Solo:
    – Type: Single Ceramic Coil Solution
    – Pod Capacity: 2-4 mL (Pod Kit) / 8-12 mL (Disposable)
    – Power Range: 5.5 – 11W
    – TPM: 7 – 13 mg/puff
    – Nicotine Delivery: Evenly released with every puff
    – Advantages: Fully atomized for excellent flavor reproduction, ensuring a satisfying vaping experience.

    iHit Dual:
    – Type: Double Ceramic Coil Solution
    – Pod Capacity: >10 mL (Pod Kit) / 10-15 mL (Disposable)
    – Power Range: 12 – 20W
    – TPM: 15 – 20 mg/puff
    – Nicotine Delivery: Double release for enhanced satisfaction
    – Advantages: High power burst capability with elevated TPM, providing a robust and flavorful vaping experience.

    iHit Pro:
    – Type: World’s Smallest Ceramic Coil with Twin-Mesh Heating Film Solution
    – Pod Capacity: 2 – 4 mL (Open Pod System)
    – Power Range: 13 – 18W
    – TPM: 13 mg/puff
    – Vapor Quality: Silky and pure vapor
    – Advantages: Features a single coil supporting two atomization modes: one shot at 13W and two shots at 18W, providing flexibility for users. Notably, the iHit Pro boasts a lifespan 3 times longer than traditional mesh cotton coils.

    As iHit Tech continues to explore opportunities in the Southeast Asian market, we are committed to collaborating with local partners to drive the development of high-quality products that meet the evolving needs of consumers.

    Hit Every Puff!

    iHit launched by SMISS as a healthcare-focused atomization technology brand. iHit and SMISS share the same vision: Leading the global intelligent atomization manufacturing and accelerate the world’s shift to healthy life.

    Contact:
    support@ihitglobal.com
    www.ihitglobal.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/307c25d4-3bae-42e7-995d-d14bb84cbc8e

    The MIL Network –

  • MIL-OSI: Heliene Closes $50M 45X Investment Tax Credit Transfer Sale, facilitated by Basis Climate

    Source: GlobeNewswire (MIL-OSI)

    MOUNTAIN IRON, Minn., Sept. 25, 2024 (GLOBE NEWSWIRE) — Heliene Inc., a customer-first provider of North American-made solar PV modules, today announced the sale of approximately $50M Section 45X Advanced Manufacturing Production Tax Credit (45X credits). The transaction was facilitated by Basis Climate, a leading facilitator of clean energy tax credit transfers.

    Heliene is able to claim eligibility for these tax credits under the guidelines of the Inflation Reduction Act’s Section 45X credits. Heliene manufactures high-quality, U.S.-made solar modules that feature a high volume of domestically-sourced components at its existing factory in Mountain Iron, Minnesota. The company is now building a new module factory in the Minneapolis-St. Paul Metro-area, with a planned start up of May 2025.

    “Monetising our 45X tax credits through this sale is instrumental in continuing the growth of Heliene’s domestic manufacturing capacity,” said Martin Pochtaruk, CEO of Heliene, Inc. “This transaction provides long term sustainability, hence enabling us to expand our commitment to offering developers reliable, quality modules that feature the highest possible volume of domestic content. We’re grateful to the team at Basis Climate for facilitating this important deal. Together we’re building a stronger, bankable U.S. solar supply chain.”

    This deal is believed to be among the first within the solar manufacturing industry. Heliene will use funds from this sale to reduce debt and support ongoing efforts to expand its U.S. cell and module manufacturing footprint and grow its domestic, clean energy workforce.

    “Congrats to Heliene and Basis Climate for closing this transaction, which we believe is a testament to the strength of the Heliene business and the resiliency of the 45x manufacturing tax credit framework,” said Ethan Shoemaker, Partner and head of the Infrastructure Credit platform at OIC, who led an investment into Heliene in Spring 2023. “We continue to be impressed by Martin and his team, who are leading the charge for the domestic solar industry through consistent execution, innovation, and creativity.”

    “We are proud to have participated in this landmark deal for Heliene and the domestic solar industry more broadly. Basis supported Heliene in the sale of their 45X credits to a profitable domestic manufacturer. This was an all-American transaction,” noted Erik Underwood, Basis Climate’s CEO. He continued, “we used visual language models to help review thousands of supporting documents to substantiate these tax credits. We look forward to applying learnings to many more deals to come.”

    This tax credit transfer sale follows several months of strategic dealflow completed by Heliene, which is focused on bolstering its domestic manufacturing footprint and shoring up the U.S. solar supply chain. This included a strategic sourcing agreement with cell manufacturer Suniva, a partnership and multi-year contract with Norsun for the supply of U.S.-made wafers, and a joint venture with Premier Energies to jointly build a U.S.-based solar cell manufacturing facility.

    About Heliene

    Heliene is one of North America’s fastest-growing domestic module manufacturers serving the utility-scale, commercial, and residential markets. With an in-house logistics team and remarkably responsive support staff, Heliene delivers competitively priced, high performance solar modules precisely when and where customers need them to accelerate North America’s clean energy transition. Founded in 2010, Heliene consistently ranks as a highly bankable module manufacturer and has production facilities located in Canada, and the USA. For more information, visit www.heliene.com.

    Media inquiries:
    Carly Ross
    FischTank PR
    heliene@fischtankpr.com  

    About Basis Climate

    Basis Climate is a leading facilitator of clean energy tax credit transfers, providing a seamless and efficient platform for businesses and individuals to monetize their tax credits generated from renewable energy projects. The company’s mission is to unlock the full potential of clean energy tax credits by connecting credit generators with motivated buyers, ultimately accelerating the transition to a clean and sustainable future. By leveraging technology and standardized diligence and transaction processes, Basis is able to support the full range of clean energy tax credits established by the Inflation Reduction Act of 2022.

    The MIL Network –

  • MIL-OSI: Calling All Paw-ty Animals: Trupanion to Connect Families & Shelter Pets for a Frightfully Howling Halloween

    Source: GlobeNewswire (MIL-OSI)

    SEATTLE, Sept. 25, 2024 (GLOBE NEWSWIRE) — Do you have a Cleocatra? Perhaps a Vampug or Terri-fido. Because whether they’re spooky, sweet or somewhere in between—it’s time to break out the costume box for Trupanion’s Tricked Out for Treats Pet-tacular, a pet costume contest to run throughout October.

    Starting October 1, Trupanion invites pet parents to share photos of their furry friends in (pet safe!) costumes for a chance to win a custom pet portrait, pet-tacular swag, global spotlight opportunities, and ultimate bragging rights. And with eight tricked-out categories like ‘Solo Stunner’ for pet close ups and ‘Clinic Charmer’ spotlighting pets and veterinary team members, there’s something for everyone. Including ‘Adorably Adoptable’, a great way for Trupanion to team up with shelter and rescue organizations nationwide in order to find adoptable pets new homes.

    “When developing this initiative, we knew we wanted to create something fun and lighthearted, but with a deeper purpose,” said Margi Tooth, CEO & President of Trupanion. “That’s why we chose to shine a spotlight on shelter and rescue pets with the Adorably Adoptable category to connect these pets with potential families.”

    Submissions for the Adorably Adoptable category will receive extra attention on the campaign’s showcase page, where visitors will be able to see available pets. They’ll also have the opportunity to learn more about each pet’s shelter/rescue organization and connect with the team directly — whether they’re interested in adopting or want to explore ways to support their mission.

    “We’re looking forward to celebrating the fun, laughter, and love our pets bring into our lives each and every day with this campaign,” added Tooth. “It will be wonderful to share these joyful moments with the world and we are so excited for the opportunity to connect pets available for adoption with their forever homes.”

    Here’s How It Works

    Say Cheese: Starting October 1, trick out your pet in their finest and snap some pics.

    Tag, Brag & Vote: Submit your photos to trickedout.trupanion.com, tag one of the categories that best fits your pet’s paw-some personality, then share one social media to get as many votes as possible.

    Tune In: Don’t miss our virtual pet-tacular, streamed at trickedout.trupanion.com on October 30 at 12pm PST/3pm EST. Come meet the best-dressed pets, have lots of laughs, and find out who’s the “pick of the patch” in select categories.

    Visit trickedout.trupanion.com for more information and to submit your pet’s photo.

    Know a shelter or rescue interested in showcasing adoptable pets? Encourage them to pre-register for the campaign via email at shelterlove@trupanion.com before October 1.

    About Trupanion

    Trupanion is a leader in medical insurance for cats and dogs throughout the United States, Canada, Europe, Puerto Rico and Australia with over 1,000,000 pets enrolled. For over two decades, Trupanion has given pet owners peace of mind so they can focus on their pet’s recovery, not financial stress. Trupanion is committed to providing pet owners with the highest value in pet medical insurance with unlimited payouts for the life of their pets. With its patented process, Trupanion is the only North American provider with the technology to pay veterinarians directly in seconds at the time of checkout. Trupanion is listed on NASDAQ under the symbol “TRUP”. The company was founded in 2000 and is headquartered in Seattle, WA. Trupanion policies are issued, in the United States, by its wholly-owned insurance entity American Pet Insurance Company and, in Canada, by Accelerant Insurance Company of Canada. Trupanion Australia is a partnership between Trupanion and Hollard Insurance Company. Policies are sold and administered by Trupanion Managers USA, Inc. (CA license No. 0G22803, NPN 9588590). For more information, please visit trupanion.com.

    Contacts:
    Media: Trupanion Corporate Communications
    Corporate.communications@trupanion.com

    Images accompanying this press release are available for use. Pictures are of various pets in their Halloween costumes.

    Photos accompanying this announcement are available at:

    https://www.globenewswire.com/NewsRoom/AttachmentNg/ea20e913-f4ec-47b5-a39f-8c691c689f7c

    https://www.globenewswire.com/NewsRoom/AttachmentNg/afb1fff5-3942-49b2-bf5c-082f346ed877

    https://www.globenewswire.com/NewsRoom/AttachmentNg/742b0d6c-1791-49b4-a200-68e784bf8e76

    The MIL Network –

  • MIL-OSI: KnowBe4 Joins AWS ISV Accelerate Program

    Source: GlobeNewswire (MIL-OSI)

    TAMPA BAY, FL, Sept. 25, 2024 (GLOBE NEWSWIRE) — KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform announced today that it has joined the Amazon Web Services (AWS) Independent Software Vendor (ISV) Accelerate Program and simultaneously launched its KnowBe4 Security Awareness Training (KSAT), PhishER Plus, Compliance Plus, and SecurityCoach in AWS Marketplace. Customers can now procure KnowBe4 products through AWS Marketplace using their AWS committed spend. In addition to streamlined procurement, it simplifies product onboarding shortening implementation time, which is much needed as organizations race to meet compliance requirements and implement cybersecurity best practices.

    According to the 2024 Verizon Data Breach Investigations Report, phishing was the most used threat action variety, representing 22% of data breaches and was the second most seen threat action in all incidents. Phishing and other social engineering tactics can bypass security technologies by targeting humans directly. Employees across many organizations are likely still failing to recognize phishing emails, allowing attackers to successfully execute their attacks.

    The AWS ISV Accelerate Program maintains rigorous standards, and KnowBe4 underwent a comprehensive evaluation, including architectural and security reviews, to gain acceptance. This process ensures the quality and design of our offerings meet AWS’s high standards. Proof of customer excellence was also reviewed to validate the successes KnowBe4 customers have achieved across industry verticals.   

    A joint KnowBe4 and AWS customer, Martha’s Vineyard Bank, developed a robust security awareness culture with KnowBe4’s KSAT: “KnowBe4 had a number of innovations. We could have [training in] shorter vignettes, they could provide phishing tests to our employees, and [could] make them realistic not only to help our employees through the business line but for their personal lives as well,” said John Shorrock, training and development manager, Martha’s Vineyard Bank.

    “With our strong collaboration with AWS, our customers now have greater flexibility and speed in how they can procure and implement KnowBe4 products,” said Prashant Pai, EVP of global business development, KnowBe4. “This allows us to collaborate closely with AWS field sellers globally while providing customers with simplified access to KnowBe4, enabling them to achieve a robust security culture and reduce human risk.”

    KSAT, PhishER Plus, CompliancePlus, and SecurityCoach are now generally available in AWS Marketplace, and KnowBe4’s platform is available globally. For more information on KnowBe4 and its platform or to learn more about our participation in the AWS ISV Accelerate Program, please visit here.

    About KnowBe4 

    KnowBe4, the provider of the world’s largest security awareness training and simulated phishing platform, is used by more than 70,000 organizations around the globe. Founded by IT and data security specialist Stu Sjouwerman, KnowBe4 helps organizations address the human element of security by raising awareness about ransomware, CEO fraud and other social engineering tactics through a new-school approach to awareness training on security. The late Kevin Mitnick, who was an internationally recognized cybersecurity specialist and KnowBe4’s Chief Hacking Officer, helped design the KnowBe4 training based on his well-documented social engineering tactics. Organizations rely on KnowBe4 to mobilize their end users as their last line of defense and trust the KnowBe4 platform to strengthen their security culture and reduce human risk.

    The MIL Network –

  • MIL-OSI: Pivotal Hits Industry Milestone, Surpassing 1,000 Crewed eVTOL Flights

    Source: GlobeNewswire (MIL-OSI)

    PALO ALTO, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) — Pivotal, the market leader in light electric Vertical Takeoff and Landing (eVTOL) aircraft, today announced it has reached an industry-leading milestone. Specifically, the Pivotal team and its customers have now completed 1,117 crewed flights in BlackFly aircraft, a first in the emerging category of light eVTOL aircraft and all powered-lift eVTOLs.

    “Surpassing 1,000 human-piloted light eVTOL flights is an unmatched achievement,” said Ken Karklin, Pivotal CEO. “Whether for pure recreation, short commutes in rural areas, visits with neighbors, or to explore new terrain – once trained and approved, every pilot loves hopping into this single-seat eVTOL and taking off straight up into the sky.”

    By simplifying flight controls and reducing complexity, Pivotal’s novel tilt aircraft immerses the pilot in the wonder of flight, minimizes points of failure, and offers a high degree of safety.

    “I’ve always sought out the latest advancements in aviation. Pivotal’s eVTOLs provide an incredible flight experience,” said BlackFly owner, Dave Cook. “I’ve had the opportunity to showcase my aircraft at shows alongside my other rides. When I fly in this aircraft, people want to talk with me all about it.”

    BlackFly, Pivotal’s heritage development vehicle and pre-production eVTOL aircraft, have been delivered to individual owners nationwide via its Early Access Program. Additionally, friends and family of these early adopters who are seeking to fly are also receiving comprehensive training to become approved light eVTOL pilots, enabling them to adventure with BlackFly.

    Aircraft delivered through Pivotal’s Early Access Program (EAP) established a two-way communication channel with a select group of owners to provide invaluable feedback on every aspect of their customer experience. Participants in the program purchased a BlackFly prototype light eVTOL aircraft. The Program is closed to new participants as the company moves towards final qualification and production of BlackFly’s production successor, Helix.

    Today, customers can place orders for the Helix, Pivotal’s new production aircraft. The Helix builds on the innovation delivered in the BlackFly. https://pivotal.aero/helix.

    About BlackFly eVTOL
    Pivotal’s prototype eVTOL, the BlackFly, is a fixed-wing aircraft built on Pivotal’s third-generation eVTOL platform. The entire aircraft tilts for vertical takeoff and landing, rather than wing assemblies or rotors rotating to reorient thrust, reducing weight, complexity, and eliminating multiple points of failure. At the heart of this vehicle lies a robust fault-tolerant design, bolstered by triple modular systems for safety and reliability. Capable of manned, unmanned, and optionally manned missions, the light eVTOL aircraft can take off and land on pavement, dirt, or grass –– there’s no landing gear, simply a fuselage wear strip. The BlackFly complies with FAA Part 103 (Ultralight) category in the United States for flight in Class G airspace.

    About Pivotal
    Pivotal designs, develops, and manufactures light eVTOL aircraft. As an industry pioneer, Pivotal is renowned for the BlackFly, the first light eVTOL to be commercially available and delivered to buyers in the United States. Pivotal announced the Helix, its first production aircraft, in October 2023 and opened sales in January 2024. The company’s distinctive tilt-aircraft architecture and scalable platform have been under continuous improvement for well over a decade, and today, Pivotal has the most mature technology in the light eVTOL category. Efficient, compact, and simple, Pivotal vehicles are designed for a wide range of consumer, public service, and defense applications. The company is headquartered in Palo Alto, CA. For videos and more information, visit https://pivotal.aero.

    Media Contact:
    Heidi Groshelle
    press@pivotal.aero

    A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/aab56d1d-ee6f-4896-ba01-1d7c76ff0781

    The MIL Network –

  • MIL-OSI: Honcho Introduces AI-Enhanced Tools for Simplified Website Building

    Source: GlobeNewswire (MIL-OSI)

    SYDNEY, Sept. 25, 2024 (GLOBE NEWSWIRE) — Honcho has launched new artificial intelligence (AI) tools to simplify creating and launching business websites. This new suite of enhanced tools aims to make website building even more accessible to startup and small business owners who lack technical, creative, or marketing skills.

    Photo by afotostock

    “Our goal with these AI-enhanced tools is to remove the barriers many small business owners face when trying to establish an online presence – namely creative and technical skills,” said Matt Abrahams, CEO of Honcho. “With Honcho, users can easily create and launch a professional website in minutes without any prior experience.”

    AI streamlines the website creation process. Users can input minimal information, often just a business name and industry, and the AI will automatically generate a customized website complete with text, images, and optimized design elements.

    “Most small business owners just want a fully functioning website up and running … and fast,” added Abrahams. “Using our platform, business owners can begin marketing their business, and in turn, start adding to their bottom line, much faster.”

    Honcho is a well-established Australian business service with over 800,000 clients and has been operating in the website-building space for some time. The prototype version of the newly launched site has been in stealth mode in Australia for two years while the company perfected its operations. While the company will not provide numbers, it is understood thousands of clients have successfully used Honcho’s website-building services to date.

    A minimum viable product aptly named ‘Instant Website’ was launched first on Sept. 18, 2022, prior to AI becoming the hot commodity it is today. Version 2 of Instant Website, incorporating a range of new features, including business and domain name generators, automatic AI text generation and free photo library services, was released in February of 2024. Honcho launched its latest version with a completely new design interface and built for the global market on its premium Honcho.com site in September 2024.

    The company has big plans for the future with more features featuring AI soon to be launched, Abrahams noted. “We are not an AI company. We are service-focused specialists helping business owners globally to design, create and launch professional websites for their business – fast and simply. AI is another technology that adds value to our robust ecosystem, similar to many of the other technology tools we incorporate,” he said.

    About Honcho

    Honcho is a provider of business services to startups and small businesses. The technology company is dedicated to simplifying the process of creating and launching business websites. Honcho has delivered business services to more than 800,000 clients. With a focus on user-friendly design and AI technology, Honcho continues to set standards in the sector. For more information, visit Honcho’s website.

    Contact:

    Name: Morgan Davies
    Company: Honcho
    Website: Honcho.com
    Email: media@honcho.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e20860ed-4d91-46fa-9238-cc480e6365b1

    The MIL Network –

  • MIL-OSI: Form 8.3 – ASCENTIAL PLC

    Source: GlobeNewswire (MIL-OSI)

    FORM 8.3

    PUBLIC OPENING POSITION DISCLOSURE/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: VELAY FINANCIAL SERVICES 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.    		 Not applicable
    (c)   Name of offeror/offeree in relation to whose relevant securities this form relates:
            Use a separate form for each offeror/offeree    		 ASCENTIAL PLC
    (d)   If an exempt fund manager connected with an offeror/offeree, state this and specify identity of offeror/offeree: Not applicable
    (e)   Date position held/dealing undertaken:
            For an opening position disclosure, state the latest practicable date prior to the disclosure    		 24/09/2024
    (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”    		 N/A

    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: 1p ordinary
      Interests Short positions
      Number % Number %
    (1)   Relevant securities owned and/or controlled:        
    (2)   Cash-settled derivatives: 2 362 095 1.15    
    (3)   Stock-settled derivatives (including options) and agreements to purchase/sell:        

            TOTAL:

    		 2 362 095 1.15    

    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
           

    (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
    1p ordinary Swap Increasing long position 31 008 5.6464 GBP

    (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: 25/09/2024
    Contact name: Arnaud STEPHANN
    Telephone number*: 00 41 22 707 42 70

    Additional dealing in this security:

    DATE Buy/Sell QTY Price
           
           

    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.

    *If the discloser is a natural person, a telephone number does not need to be included, provided contact information has been provided to the Panel’s Market Surveillance Unit.

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

    The MIL Network –

  • MIL-OSI: Arq Publishes its First-Ever ESG Report

    Source: GlobeNewswire (MIL-OSI)

    GREENWOOD VILLAGE, Colo., Sept. 25, 2024 (GLOBE NEWSWIRE) — Arq, Inc. (NASDAQ: ARQ) (the “Company” or “Arq”), a producer of activated carbon and other environmentally efficient carbon products, today announced the publication of its inaugural Environmental, Social, and Governance (ESG) Report. This report builds upon the Company’s previously published 2023 ESG Overview Tear Sheet and provides a comprehensive assessment of Arq’s ongoing efforts to drive positive environmental impact, employee well-being, and responsible governance.

    “The release of our 2023 ESG Report further illustrates our unwavering commitment to the environmental technology sector and reflects where we are and the strides we’ve made in addressing key environmental and social challenges,” said Bob Rasmus, CEO of Arq. “As we look ahead, we remain committed to refining our ESG practices, improving operational efficiencies, and enhancing the experience we offer our employees and stakeholders.”

    Key Highlights from the report include:

    Environmental Impact:

    • Arq has developed a proprietary process to reclaim, purify, and recycle waste coal fines, ensuring sustainability from sourcing to product impact.
    • Arq’s products are designed to enhance access to high-quality water. We prioritize water efficiency and recycling at our manufacturing facilities, continually striving to improve our resource management.
    • Energy efficiency is central to our operations. Arq’s manufacturing process maximizes energy reuse, with our Red River facility consistently exporting more electricity than it consumes.

    Social Responsibility:

    • “Safety is never compromised” remains a core value at Arq, upheld across all levels—from frontline operators to lab technicians, customer relations, and C-Suite leaders.
    • We believe that our success depends on our people. By fostering a culture of inclusivity, respect, and affirmation, we unite our workforce and encourage collective achievement.
    • Engagement is vital to our sustainability. Our team-building activities connect employees while also fostering community service across our sites.

    Governance:

    • We are committed to the highest standards of corporate governance, ensuring integrity in all aspects of our business while driving Arq’s growth, sustainability, and performance.
    • Our ESG program is run by multi-functional team composed of dedicated individuals, overseen by a dedicated team, led by an executive officer and monitored by the Nominating and Governance Committee to ensure best practices, data accuracy, and continuous improvement.
    • Arq holds itself accountable to a broad range of stakeholders, including customers, suppliers, employees, and investors, operating with honesty, fairness, and integrity at every level.

    The full 2023 ESG Report is available for download at Arq’s Sustainability Page.

    This report comes on the heels of the Company’s 2023 ESG Overview Tear Sheet, reinforcing Arq’s mission to drive environmental innovation through responsible corporate governance, ethical business practices, and a strong commitment to stakeholders.

    About Arq

    Arq (NASDAQ: ARQ) is a diversified, environmental technology company with products that enable a cleaner and safer planet while actively reducing our environmental impact. As the only vertically integrated producer of activated carbon products in North America, we deliver a reliable domestic supply of innovative, hard-to-source, high-demand products. We apply our extensive expertise to develop groundbreaking solutions to remove harmful chemicals and pollutants from water, land and air. Learn more at: www.arq.com.

    Investor Contact:
    Anthony Nathan, Arq
    Marc Silverberg, ICR
    investors@arq.com

    The MIL Network –

  • MIL-OSI: FinWise Bancorp Announces Strategic Lending Program with PowerPay to Offer Transparent and Affordable Monthly Payments for Home Improvement and Elective Healthcare Purchases

    Source: GlobeNewswire (MIL-OSI)

    MURRAY, Utah, Sept. 25, 2024 (GLOBE NEWSWIRE) — FinWise Bancorp (NASDAQ: FINW) (“FinWise” or the “Company”), parent company of FinWise Bank (the “Bank”), today announced the launch of a new strategic lending program with PowerPay, LLC (“PowerPay”). PowerPay is a leading fintech company specializing in simple and affordable real-time lending and payment solutions to the Home Improvement and Elective HealthCare segments. With over 200 employees, the Company has processed over $8 billion across all 50 states since its inception in 2020.

    The FinWise loan product, in partnership with PowerPay offers consumers nationwide, fair and affordable monthly payments through a network of quality contractors and medical providers. Each of the Company’s 12,000+ onboarded Service Providers uses the data driven platform to quickly process credit at the point-of-sale. PowerPay has partnered with leading national home remodelers and physician networks, enabling consumers to obtain financing options from trusted professionals. Through this new partnership, borrowers can expect to receive the same level of care and support, from application to loan payoff, via PowerPay’s highly-rated Customer Concierge team and technology platform.

    “PowerPay remains relentless in our pursuit of responsive and responsible solutions to meet the growing needs of homeowners and patients who seek financing,” said Mike Petrakis, PowerPay Founder & CEO. “Our dedication to merchant service and low monthly payment financing for consumers has led to a significant increase in demand for our loans. Partnership with FinWise Bank allows us to increase the number of borrowers we can effectively support while also ensuring deep regulatory expertise and focus as we continue to scale the business and our technologies.”

    Kent Landvatter, CEO of FinWise commented, “We are thrilled to partner with PowerPay on this innovative approach to offer consumers a transparent and affordable lending product with a simple monthly payment structure for Home Improvement and Elective HealthCare purchases. This agreement is a testament to the meaningful benefits that FinWise’s lending and payments solutions provide its strategic partners. It also underscores how the FinWise model enables strategic partner scaling while providing regulatory oversight through an intensive due-diligence process and compliance assessment.”

    About PowerPay
    Launched in 2020, PowerPay is a financial technology company providing seamless consumer financing solutions to over 12,000+ national providers. The Company helps contractors and physicians convert homeowner and patient purchases into simple monthly payments through its point-of-sale lending platform. Since its inception, PowerPay has funded over $8B. www.getpowerpay.com.

    About FinWise Bancorp

    FinWise provides Banking and Payments solutions to fintech brands. 2024 is a key expansion year for the Company, as it expands and diversifies its business model by launching and incorporating Payments (MoneyRails™) and BIN Sponsorship offerings. Its existing Strategic Program business, done through scalable API-driven infrastructure, powers deposit, lending and payments programs for leading fintech brands. In addition, FinWise manages other Lending programs such as SBA 7(a), Owner Occupied RE, and Leasing, which provide flexibility for disciplined balance sheet growth.

    Through its compliance oversight and risk management-first culture, the Company is also well positioned to guide fintechs through a rigorous process to facilitate regulatory compliance.

    Contacts

    investors@finwisebank.com
    media@finwisebank.com
    bennett.andelman@getpowerpay.com

    The MIL Network –

  • MIL-OSI: NEWTON GOLF Introduces New Gravity Putter Line, Building on Momentum from Recent Rebranding

    Source: GlobeNewswire (MIL-OSI)

    Gravity, the putter division of parent company NEWTON GOLF, introduces five putters in its new premium series

    CAMARILLO, CA, Sept. 25, 2024 (GLOBE NEWSWIRE) — NEWTON GOLF, (Nasdaq: SPGC) (“NEWTON GOLF” or the “Company”), a technology-forward golf company with a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, builds on its recent rebranding with the launch of three new putter models and two redesigned classics in its newly formed Gravity Premium Series (“Gravity”) of putters.

    Formerly known as Sacks Parente Golf putters, the putter line has been redesigned and rebranded as Gravity under the NEWTON GOLF umbrella, ushering in a new era with a fresh, modern aesthetic. Featuring striking red and black colors and a premium ceramic coating finish previously reserved for Tour-level putters, these models embody NEWTON GOLF’s core design principles, including the brand’s signature patented Ultra’Low Balance Point (ULBP) and Center of Gravity (CG) technology.

    The new lineup includes three new models: The Classic, the DEUCE, and the DUKE. Additionally, the DRAC and the PRISM are two models from the previous Sacks Parente brand that have been redesigned and have the new Gravity logo and colorways. The Company is also introducing a new putter shaft, Newton Tempo, which is an improved design to provide better feel and balance with the newly designed heads.

    At the core of NEWTON GOLF’s Gravity putter design is the belief that gravity truly matters.

    Technology and Innovation: Gravity and Tempo

    All of the Gravity Premium Series putters are equipped with advanced features, such as Ultra Low Balance Point and optimized Center of Gravity. This ensures that golfers experience improved tempo by placing the weight of the putter predominantly in the head, with very light grips and carbon fiber shafts.The center of gravity is designed to be as low and close to the ball as possible. This promotes a smooth, repeatable tempo, minimizes side spin, and ensures the ball stays on the intended line for a truer, consisent roll.

    PGA Tour Champions player Ken Duke has already adopted a Gravity putter in his bag, saying, “The putters are beautiful and have amazing feel and sound. I fell in love with them instantly. Finally, the consumers will get to experience a true Tour-only quality product without paying thousands of dollars.”

    Forgiveness and Sweet Spot

    Each Gravity Premium Series putter is engineered for maximum Moment of Inertia (MOI). This increases the stability of the face, effectively widening the sweet spot to ensure off-center strikes are met with forgiveness and consistency.

    The Gravity Premium Series Putters:

    • The Classic – The Classic, Gravity’s new traditional anser-style putter in the Premium Series, is optimized for modern stroke types with a shallower arc. It features a newly designed hosel for enhanced performance and feel. The Classic is made with 1018 carbon steel material for the best ball feel with Tour Only quality ceramic coating finish. MSRP: $450
    • The DEUCE – The new DEUCE is a double-wide anser putter that is easy to aim with a blade-like look. Available in 1018 carbon steel body, the DEUCE is designed to fit all stroke types with two hosel locations. MSRP: $450
    • The DUKE – The new DUKE putter takes its inspiration from PGA TOUR Champions player Ken Duke. Made with a 1018 carbon steel body with tungsten weighting, the DUKE is a modern interpretation of a classic-style putter that has a shorter blade length with a half mallet back: MSRP: $450
    • The PRISM – Gravity’s redesigned PRISM mallet putter naturally improves the putting stroke and tightens the dispersion of putts. Engineered to deliver the right MOI and unmatched stability, the PRISM optimizes the stroke and provides the best roll in golf. It is made of 6061 aluminum and 50 grams of tungsten. The mallet head has been reshaped to improve stability and move CG more forward. MSRP: $450
    • The DRAC – The redesigned DRAC is the modernization of a fang-style putter. It is Gravity’s highest MOI putter that is made of 6061 aluminum and 100 grams of tungsten. It has been redesigned with the Gravity logo and colorways. MSRP: $450

    “We named the new putter division ‘Gravity’ because it perfectly encapsulates this fundamental design principle that enhances the natural tempo and precision of every putt,” said NEWTON GOLF’s Executive Chairman Greg Campbell. “When the golfer lifts the putter on the backstroke, potential energy is stored, and, by trusting gravity to accelerate the putter head during the stroke, golfers can achieve consistent velocity at impact – which is proportional to the length of the backstroke.”

    All Gravity putters are available for preorder on October 1, 2024 at https://newtongolfco.com.
    Images of the Gravity putters can be found here.

    About NEWTON GOLF: A Sacks Parente Company

    NEWTON GOLF: A Sacks Parente Company, is a technology-forward golf company that help golfers elevate their game. With a growing portfolio of golf products, including putters, golf shafts, golf grips, and other golf-related accessories, the Company’s innovative accomplishments include: the First Vernier Acuity putter, patented Ultra-Low Balance Point (ULBP) putter technology, weight-forward Center-of-Gravity (CG) design, and pioneering ultra-light carbon fiber putter shafts.

    In consideration of its growth opportunities in golf shaft technologies, the Company expanded its manufacturing business in April of 2022 to develop the advanced Newton brand of premium golf shafts by opening a new shaft manufacturing facility in St. Joseph, MO. It is the Company’s intent to manufacture and assemble substantially all products in the United States, while also expanding into golf apparel and other golf-related product lines to enhance its growth.

    The Company’s future expansions may include broadening its offerings through mergers, acquisitions or internal developments of product lines that are complementary to its premium brand. The Company currently sells its products through resellers, the Company’s websites, Club Champion retail stores, and distributors in the United States, Japan, and South Korea. For more information, please visit the Company’s website at www.newtongolfco.com or on social media at @newtongolfco.com, @newtonshafts, or @gravityputters.

    Media Contact for NEWTON GOLF

    Beth Gast
    BG Public Relations
    beth.gast@bgpublicrelations.com

    Investor Contact for NEWTON GOLF
    CORE IR
    516-222-2560
    investors@sacksparente.com

    The MIL Network –

  • MIL-OSI: Data Storage Corporation Secures Expanded Contract Servicing a Billion Dollar Insurance Company

    Source: GlobeNewswire (MIL-OSI)

    MELVILLE, N.Y., Sept. 25, 2024 (GLOBE NEWSWIRE) — Data Storage Corporation (Nasdaq: DTST) (“DSC” and the “Company”), a provider of diverse business continuity solutions for disaster-recovery, cloud infrastructure, cyber-security, and IT automation, today announced that its subsidiary, CloudFirst, has secured an expanded agreement through its infrastructure partner, servicing a billion-dollar insurance company.

    The client is currently utilizing the Company’s security services for their IBMi system and has now opted to enhance their disaster recovery capabilities by moving to a fully managed hosted target system. Through this agreement, Data Storage Corporation will provide a fully managed hosting solution that includes cloud backup, backup management, and replication management ensuring seamless and reliable data continuity.

    Hal Schwartz, President of CloudFirst, stated, “Having served as a reliable and trusted partner for this client’s sensitive data, we’re honored to now expand the scope of our services within this large organization.  This hosted solution enables the client to avoid the cost of acquiring new hardware while benefiting from our fully managed services, which ensure the client’s systems are continuously monitored, backed up, and supported for maximum uptime and security. This agreement exemplifies our ongoing commitment to providing reliable and scalable IT solutions that meet the unique needs of our clients.”

    Chuck Piluso, CEO of Data Storage Corporation, commented, “This new contract demonstrates how closely we work with our infrastructure partners to create seamless solutions for clients. Our partners, that specialize in Intel and Windows platforms, turn to us for our expertise and to utilize our IBM Power Cloud. By collaborating, we’re able to deliver a unique, fully managed cloud solution that benefits all parties.”

    About Data Storage Corporation

    Data Storage Corporation (Nasdaq: DTST) is a leading provider of fully managed cloud hosting, disaster recovery, cybersecurity, IT automation, and voice & data solutions. With strategic technical investments in multiple regions, DTST serves a diverse clientele, including Fortune 500 companies, in sectors such as government, education, and healthcare. Focused on the fast-growing, multi-billion-dollar cloud hosting and business continuity market. DTST is recognized as a stable and emerging growth leader in cloud infrastructure, support and the migration of data to the cloud. Our regional data centers across North America enable us to deliver sustainable services through recurring subscription agreements.

    For more information, please visit www.dtst.com or follow us on Twitter @DataStorageCorp.

    Safe Harbor Provision
    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995, as amended, that are intended to be covered by the safe harbor created thereby. Forward-looking statements are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by such forward-looking statements. Statements preceded by, followed by or that otherwise include the words “believes,” “expects,” “anticipates,” “intends,” “projects,” “estimates,” “plans” and similar expressions or future or conditional verbs such as “will,” “should,” “would,” “may” and “could” are generally forward-looking in nature and not historical facts, although not all forward-looking statements include the foregoing. The forward looking statements in this press release include statements such as continuing to grow revenue and increase profitability as the Company executes on its strategic initiatives, the consolidation of the CloudFirst and Flagship subsidiaries positioning the Company to optimize operations, leverage its technical teams, realize greater efficiencies, and improve internal resource allocation, while capitalizing on extensive cross-selling and upselling opportunities among its customer networks, the two meaningful announced contracts being just the first of many such announcements that will come from the efforts of the combined organizations, having developed a robust business strategy that we will drive growth and secure sustainable profitability while maximizing long term value for shareholders and providing meaningful updates to shareholders as developments unfold. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, it can provide no assurance that such expectations will prove to have been correct. These forward-looking statements are based on management’s expectations and assumptions as of the date of this press release and are subject to a number of risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include the Company’s ability to execute and advance its growth strategies. These risks should not be construed as exhaustive and should be read together with the other cautionary statements included in the Company’s Annual Report on Form 10-K, subsequent Quarterly Reports on Form 10-Q and Current Reports on Form 8-K filed with the Securities and Exchange Commission. Any forward-looking statement speaks only as of the date on which it was initially made. Except as required by law, the Company assumes no obligation to update or revise any forward-looking statements, whether as a result of new information, future events, changed circumstances or otherwise.

    Contact:
    Crescendo Communications, LLC
    212-671-1020
    DTST@crescendo-ir.com

    The MIL Network –

  • MIL-OSI: Byrna Technologies to Report Fiscal Third Quarter 2024 Financial Results on Wednesday, October 9, 2024 at 9:00 a.m. ET

    Source: GlobeNewswire (MIL-OSI)

    ANDOVER, Mass., Sept. 25, 2024 (GLOBE NEWSWIRE) — Byrna Technologies Inc. (“Byrna” or the “Company”) (Nasdaq: BYRN), a personal defense technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions, will hold a conference call on Wednesday, October 9, 2024 at 9:00 a.m. Eastern time to discuss its financial results for the fiscal third quarter ended August 31, 2024. Financial results will be issued in a press release prior to the call.

    Byrna management will host the presentation, followed by a question-and-answer period.

    Date: Wednesday, October 9, 2024
    Time: 9:00 a.m. Eastern time
    Toll-Free Dial-In: 877-709-8150
    International Dial-In: +1 201-689-8354
    Conference ID: 13748618

    Please call the conference telephone number 10 minutes prior to the start time. An operator will register your name and organization. If you have any difficulty connecting with the conference call, please contact Gateway Group at 949-574-3860.

    The conference call will be broadcast live and available for replay here and via the Investor Relations section of Byrna’s website.

    About Byrna Technologies Inc.

    Byrna is a technology company specializing in the development, manufacture, and sale of innovative less-lethal personal security solutions. For more information on the Company, please visit the corporate website here or the Company’s investor relations site here. The Company is the manufacturer of the Byrna® SD personal security device, a state-of-the-art handheld CO2 powered launcher designed to provide a less-lethal alternative to a firearm for the consumer, private security, and law enforcement markets. To purchase Byrna products, visit the Company’s e-commerce store.

    Investor Contact:
    Tom Colton and Alec Wilson
    Gateway Group, Inc.
    949-574-3860
    BYRN@gateway-grp.com

    The MIL Network –

  • MIL-OSI: Schellman Becomes First ISO 42001 ANAB Accredited Certification Body, Underscoring Commitment to Responsible AI

    Source: GlobeNewswire (MIL-OSI)

    TAMPA, Fla., Sept. 25, 2024 (GLOBE NEWSWIRE) — Schellman, a leading provider of attestation and compliance services and a top 50 CPA firm, announced today their status as an ANSI National Accreditation Board (ANAB) accredited International Organization for Standardization (ISO) 42001 certification body. With this achievement, Schellman is the first ISO 42001 certification body accredited by ANAB able to certify organizations against the world’s first Artificial Intelligence Management System (AIMS) standard. 

    “This is a significant achievement for not only our ISO and AI practices, but our firm overall,” said Danny Manimbo, a Principal at Schellman and an AI Assessment Leader. “As a firm, we’ve prioritized AI governance in 2024 in terms of ensuring that our core service offerings can adapt and stay relevant to emerging technologies, such as AI. This ensures our ability to help our clients demonstrate that they’re using this technology in a responsible manner, fostering trust amongst their customers and partners.”  

    As the first global standard of its kind, ISO/IEC 42001 provides a certifiable AIMS framework in which AI systems can be developed and deployed responsibly, ethically, and with security, privacy, and quality at its core.  

    Organizations seeking certification must align with the standard’s requirements for establishing, implementing, maintaining, and continually improving their AIMS. Doing so mitigates risk, builds trust, and reassures customers, clients, stakeholders, and society of the safe and responsible development and use of these AI systems.  

    With this accreditation, Schellman expands its accolades in the cybersecurity field, confirming the subject matter expertise of its teams and solidifying itself as an industry-leading, innovative firm. 

    “As the digital landscape evolves, trust in technology becomes paramount. Our accreditation as the first ANAB-accredited ISO 42001 certification body signifies our commitment to ensuring that artificial intelligence is developed and deployed responsibly,” said Avani Desai, CEO of Schellman. “We recognize that AI governance is not just a trend, but a necessity. It’s about fostering trust among clients and partners, demonstrating responsible use of technology, and mitigating risks. This certification helps us empower our clients to navigate the complexities of emerging technologies with resilience and confidence.” 

    Schellman remains dedicated to providing cutting-edge cybersecurity services that equip organizations with the resilience and confidence needed to thrive in an evolving digital landscape. For more information about Artificial Intelligence assessments and Schellman’s comprehensive cybersecurity solutions, visit schellman.com.

    About Schellman
    “Schellman” is the brand name under which Schellman & Company, LLC and Schellman Compliance, LLC provide professional services. Schellman stands as a leading global provider of attestation, compliance, and certification services. Operating under two distinct entities, Schellman & Company, LLC (a top 50 firm) and Schellman Compliance, LLC (a globally accredited compliance assessment firm which is not a licensed CPA firm). The services provided by the Schellman entities include acting as a CPA firm (Schellman & Company, LLC Florida license number AD62941) as a leading provider of SOC reports, an ISO Certification Body, a PCI Qualified Security Assessor Company, a HITRUST assessor, a FedRAMP 3PAO, being among the pioneering CMMC Authorized C3PAOs, as well as offering international certification services including TISAX and HDS.

    Renowned for its professionals’ expertise combined with practical experience, Schellman delivers superior client service while upholding steadfast independence. The company’s approach fosters successful, long-term relationships, enabling clients to achieve multiple compliance objectives through a single trusted third-party assessor. For further information about the services provided, please visit schellman.com.

    Contact 
    V2 Communications  
    schellman@v2comms.com  

    The MIL Network –

  • MIL-OSI: Peapack Private Hires Vanessa Tortorice as Senior Managing Director

    Source: GlobeNewswire (MIL-OSI)

    BEDMINSTER, NJ, Sept. 25, 2024 (GLOBE NEWSWIRE) — Peapack-Gladstone Financial Corporation (NASDAQ Global Select Market: PGC) and Peapack Private, a division of Peapack-Gladstone Bank, are proud to announce that Vanessa Tortorice has joined Peapack Private’s New York City location as Senior Managing Director.  Vanessa joins a team of highly-skilled commercial bankers at Peapack Private, where she will contribute to the growth of commercial and industrial business in the New York market. She is dedicated to providing tailored banking solutions to help clients achieve their long-term financial goals.

    With a proven track record in financial services, Vanessa brings 12 years of experience to Peapack Private.  Previously, she served as Vice President and Senior Business Banker at M&T Bank, where she managed a portfolio of high-net-worth clients.  Vanessa excelled at fostering relationship stewardship and driving cross-functional collaboration, significantly contributing to revenue growth.  Prior to that as Vice President, Business Banking at Capital One, she managed a diverse portfolio of valued clients, consistently surpassing targeted net portfolio loan and deposit growth objectives.  Veronica exceeded goals in acquiring new clients, managing existing relationships, and forging new banking alliances.  She ranked within the top 10% nationally, affirming her track record of excellence.

    Ms. Tortorice attended the University of Rome, Rome, Italy, and the College of Staten Island CUNY, with a focus on Liberal Arts.

    About the Company

    Peapack-Gladstone Financial Corporation is a New Jersey bank holding company with total assets of $6.51 billion and assets under management and/or administration of $11.5 billion as of June 30, 2024.  Founded in 1921, Peapack-Gladstone Bank is a commercial bank that offers a client-centric approach to banking, providing high-quality products along with customized and innovative wealth management, investment banking, commercial and retail solutions.  Peapack Private, a division of Peapack-Gladstone Bank, offers comprehensive financial, tax, fiduciary and investment advice and solutions to individuals, families, privately held businesses, family offices and not-for-profit organizations, which help them to establish, maintain and expand their legacy.  Together, Peapack-Gladstone Bank and Peapack Private offer an unparalleled commitment to client service.  Visit www.pgbank.com and www.peapackprivate.com for more information.

    Contact:  Rosanne Schwab, Peapack-Gladstone Bank, Vice President, Public Relations and Corporate Communications Manager, 500 Hills Drive, Suite 300, Bedminster, NJ  07921 rschwab@pgbank.com, (908) 719-6543.

    Attachment

    The MIL Network –

  • MIL-OSI: Fortinet Announces Progress Toward its Mission to Tackle the Cybersecurity Skills Shortage

    Source: GlobeNewswire (MIL-OSI)

    SUNNYVALE, Calif., Sept. 25, 2024 (GLOBE NEWSWIRE) —

    John Maddison, Chief Marketing Officer at Fortinet
    “Through our longstanding investments to address the cyber talent shortage, Fortinet continues to grow and expand our programs and strategic partnerships by delivering an award-winning cybersecurity training and certification program. Addressing the cyber skills gap is vital to enhancing our society’s collective cyber resiliency and we are committed to developing the current and future cyber workforce through the Fortinet Training Institute. As part of this effort, we remain focused on our pledge to train 1 million individuals in cyber by 2026.”

    News Summary  
    Fortinet® (NASDAQ: FTNT), the global cybersecurity leader driving the convergence of networking and security, today announced significant progress in its mission to address the cybersecurity skills shortage through its Training Institute programs. As part of the company’s commitment to closing the cyber workforce gap, Fortinet pledged to train 1 million people in cybersecurity by the end of 2026 and through the Fortinet Training Institute programs has achieved significant strides toward this goal. With more than half a million people having been trained since the 5-year span pledge was announced, Fortinet is on track to meet this commitment by the end of 2026.

    As the cybersecurity landscape grows increasingly complex, the demand for skilled professionals continues to grow with an estimated 4.8 million cybersecurity professionals required to address the industry’s workforce gap. At the same time, Fortinet’s 2024 Global Cybersecurity Skills Gap Report reveals that 70% of organizations believe the shortage of skilled cybersecurity professionals is increasing risks to their security.

    Fortinet is at the forefront of working to address the skills gap by providing award-winning training and certification curriculum designed to equip individuals with the necessary skills and knowledge to better mitigate cyber risks. Additional recent key initiatives and achievements include:

    • Award-Winning Cybersecurity Curriculum: Fortinet’s most recent industry acknowledgement includes winning the 2024 SC Awards for Best Professional Certification Program. In the fall of 2023, Fortinet introduced enhancements to the Fortinet Network Security Expert (NSE) Certification program, providing multiple certification options focused on role-based training – such as administrator, analyst, architect – as well as a foundational certification level. Fortinet has also been honored with Gold for best cybersecurity training and Gold for best security awareness program from the Cybersecurity Excellence Awards; Gold for cyber and education and training and security awareness and training from the Globee 2024 Cyber Security Global Excellence Awards; and Most Innovative in cybersecurity training and certification, and security awareness and training service from the Global Infosec Awards, among others.
    • European Commission’s Cybersecurity Skills Academy Initiative Pledge: Earlier this year, Fortinet pledged to offer its award-winning cybersecurity training and security awareness curriculum to up to 75,000 individuals for free in Europe over the next three years. Since joining this initiative, Fortinet is offering its Certification program curriculum through the Cybersecurity Skills Academy and expanding learning opportunities for individuals across all 27 countries of the European Union, helping develop critical cyber skills in the region.
    • All-India Council for Technical Education (AICTE) and EduSkills Foundation Partnership: Fortinet is partnering with the All-India Council for Technical Education (AICTE) and EduSkills Foundation to offer 100,000 virtual internships in the field of cybersecurity across India, as well as providing our Certification program free of cost.
    • Fortinet Cyber Bootcamps Help Develop the Future Cyber Workforce: Fortinet is partnering with organizations across the world to host cybersecurity and networking bootcamps to further increase access to its training curriculum. Earlier this year, Fortinet hosted a threat hunting workshop for participants of the MITRE Embedded Capture the Flag (eCTF) competition, which included students from around the world. Attendees of the Fortinet workshop gained hands-on cybersecurity experience, assuming the role of a security analyst to identify adversarial behaviors using renowned frameworks and procedures.
    • Continuing to Drive a Diverse Cyber Workforce through Partnerships: Through the Education Outreach program and Veterans program, Fortinet cultivates partnerships to drive a skilled, inclusive and diverse cyber workforce. More recently, Fortinet partnered with the British Columbia Institute of Technology (BCIT), Cyber Catalyst Talent Solutions, and Tech Vets Canada, among others, on an in-person bootcamp specifically for veterans interested in gaining technical and hands-on expertise in cyber. Fortinet also collaborated with several Fortinet Veteran program and Education Outreach program partners earlier this year – including Cerco, Helping Heroes, Hire Heroes USA, Onward 2 Opportunity, TechVets, and VetSec – to offer a nine-week Networking Fundamentals Bootcamp this year to further upskill and reskill veterans. Additionally, Fortinet is continuing to partner with Women in CyberSecurity (WiCyS) to offer members a Networking Fundamentals Bootcamp designed as an entry point for those wanting to pursue a career in cybersecurity.

    Building on Fortinet’s Longstanding Commitment to Close the Global Cyber Skills Gap
    These initiatives build on Fortinet’s longstanding commitment to address the cybersecurity skills gap worldwide. The Fortinet Training Institute delivers training and certifications to IT and security professionals, students and educators, and underserved communities, through its various programs. The ecosystem supporting these programs – including the Education Outreach program, the Veterans program and the Academic Partner program – is comprised of more than 700 partners across more than 100 countries globally.

    To further help advance this work, Fortinet is a part of various public-private partnerships, including participating in the White House’s National Cyber Workforce and Education Strategy commitments by introducing free security awareness training for primary and secondary school educators and students globally including school districts across the United States, United Kingdom, Canada, Australia and Brazil. All these efforts contribute toward Fortinet’s goal to train 1 million people globally in cyber by 2026.

    Additional Resources

    About Fortinet 
    Fortinet (NASDAQ: FTNT) is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere you need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including CERTs, government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.    

    Media Contact:  Investor Contact:  Analyst Contact: 
    Stephanie Lira
    Fortinet, Inc. 
    408-235-7700 
    pr@fortinet.com 
          		 Aaron Ovadia 
    Fortinet, Inc.  
    408-235-7700 
    investors@fortinet.com     		 Brian Greenberg  
    Fortinet, Inc. 
    408-235-7700 
    analystrelations@fortinet.com 

    The MIL Network –

  • MIL-OSI: Texas Capital Launches Government Money Market Exchange Traded Fund

    Source: GlobeNewswire (MIL-OSI)

    DALLAS, Sept. 25, 2024 (GLOBE NEWSWIRE) — Texas Capital Bank Private Wealth Advisors, a subsidiary of Texas Capital Bank, and the Texas Capital Funds Trust today announced the launch of the Texas Capital Government Money Market ETF (NYSE: MMKT) (the “MMKT ETF” or “Fund”). This innovative and first-of-its-kind ETF will hold highly liquid, short-term U.S. government debt instruments and cash equivalents, providing an exchange-traded investment option for investors focused on managing credit risk and preserving capital.

    The MMKT ETF is the latest fund launched by Texas Capital ETF & Funds Management, whose managed ETFs include the flagship Texas Capital Texas Equity Index ETF (NYSE Arca: TXS) that helps investors gain investment exposure to the diversity and growth of the eighth largest economy in the world, Texas1. Complementing Texas Capital’s other funds, the MMKT ETF is designed to provide investors with a government money market fund in the form of an ETF, combining the intraday liquidity and flexibility of an ETF with the risk and return characteristics of a money market fund.

    “With the substantial changes in the interest rate environment over the last few years, the Texas Capital Government Money Market ETF offers an exciting alternative for investors,” said Daniel S. Hoverman, Head of Corporate & Investment Banking at Texas Capital. “As the first ETF committed to following Rule 2a-7, the provision of the Investment Company Act of 1940 that governs money market funds, Texas Capital believes the combination of the tradability of an ETF and the structure of a money market fund will prove an important investment alternative for investors looking to manage liquidity, volatility and credit risks in their securities portfolio.”

    The Texas Capital Government Money Market ETF seeks to provide as high a level of current interest income as is consistent with maintaining liquidity and stability of principal while following Rule 2a-7.

    “As the premier full-service financial services firm headquartered in the state of Texas, the launch of the MMKT ETF continues our commitment to serving our clients’ liquidity and investment needs,” added Hoverman. “Innovation is an integral part of the Texas Capital experience, ranging from Initio, our commercial banking platform that enables new account onboarding within a single business day, to today’s announcement about the revolutionary combination of ETF flexibility and money market sensibility. We look forward to welcoming investors in MMKT to our suite of funds and to Texas Capital.”

    The Texas Capital Funds Trust is a Delaware statutory trust formed in 2023 and registered as an open-end management investment company under the Investment Company Act of 1940. The Trust has retained Texas Capital Bank Wealth Management Services, Inc., doing business as Texas Capital Bank Private Wealth Advisors, as the adviser to the Fund. Edward Rosenberg, head of ETF & Funds Management for Texas Capital serves as the president of the Texas Capital Funds Trust. The Fund’s portfolio is managed by the chief investment officer of Texas Capital Bank Private Wealth Advisors, J. Steven Orr, who brings more than 30 years of portfolio management experience. The Board of Trustees for the Texas Capital Funds Trust includes Hayman Capital Management Founder and Chief Investment Officer J. Kyle Bass, Texas Capital’s Head of Corporate & Investment Banking Daniel S. Hoverman, Avery Capital Co-founder and Chief Executive Officer Avery Johnson, Texas Capital’s Head of Investor Relations & Corporate Development Jocelyn Kukulka and PIXIU Founder and Chief Executive Officer Eddie Margain.

    Additional details on the Fund can be found here.

    About Texas Capital
    Texas Capital Bancshares, Inc. (NASDAQ®: TCBI), a member of the Russell 2000® Index and the S&P MidCap 400®, is the parent company of Texas Capital Bank (“TCB”). Texas Capital is the collective brand name for TCB and its separate, non-bank affiliates and wholly-owned subsidiaries. Texas Capital is a full-service financial services firm that delivers customized solutions to businesses, entrepreneurs and individual customers. Founded in 1998, the institution is headquartered in Dallas with offices in Austin, Houston, San Antonio and Fort Worth, and has built a network of clients across the country. With the ability to service clients through their entire lifecycles, Texas Capital has established commercial banking, consumer banking, investment banking and wealth management capabilities. All services are subject to applicable laws, regulations, and service terms. Deposit and lending products and services are offered by TCB. For deposit products, member FDIC. For more information, please visit www.texascapital.com.

    Trading in securities and financial instruments, strategic advisory, and other investment banking activities are performed by TCBI Securities, Inc., doing business as Texas Capital Securities. TCBI Securities, Inc. is a member of FINRA and SIPC and has registered with the SEC and other state securities regulators as a broker dealer. TCBI Securities, Inc. is a subsidiary of TCB. All investing involves risks, including the loss of principal. Past performance does not guarantee future results. Securities and other investment products offered by TCBI Securities, Inc. are not FDIC insured, may lose value and are not bank guaranteed.

    Disclosures
    Investors should carefully consider the investment objectives, risks and charges of the Fund before investing. The prospectus contains this information and other information about the Fund, and it should be read carefully before investing. Investors can obtain a copy of the prospectus by calling 844.TCB.ETFS (844.822.3837). 

    Credit Risk. Issuers of money market instruments or financial institutions that have entered into repurchase agreements with the Fund may fail to make payments when due or complete transactions or they may become less willing or less able to do so.

    Interest Rate Risk. The value of the Fund’s investments generally will fall when interest rates rise, and its yield will tend to lag behind prevailing rates. The Fund may face a heightened level of interest rate risk due to certain changes in general economic conditions, inflation and monetary policy, such as certain types of interest rate changes by the Federal Reserve.
    U.S. Government Securities Risk. There are different types of U.S. government securities with different levels of credit risk, including the risk of default, depending on the nature of the particular government support for that security. For example, a U.S. government-sponsored entity, such as Federal National Mortgage Association (“Fannie Mae”) or Federal Home Loan Mortgage Corporation (“Freddie Mac”), although chartered or sponsored by an Act of Congress, may issue securities that are neither insured nor guaranteed by the U.S. Treasury and are therefore riskier than those that are.
    Repurchase Agreements Risk. Repurchase agreements carry certain risks not associated with direct investments in securities, including a possible decline in the market value of the underlying obligations.
    Portfolio Liquidity Risk. Although the Fund invests in a diversified portfolio of high-quality instruments, the Fund’s investments may become less liquid as a result of market developments or adverse investor perception. In stressed market conditions, the market for the Fund’s shares may become less liquid in response to deteriorating liquidity in the markets for the Fund’s underlying portfolio holdings.
    Management Risk. The risk that the investment strategies, techniques and risk analyses employed by the Adviser may not produce the desired results.
    Investment and Market Risk. As with all investments, an investment in the Fund is subject to investment risk. Investors in the Fund could lose money, including the possible loss of the entire principal amount of an investment, over short or prolonged periods of time.  Markets can decline in value sharply and unpredictably which may affect the Fund’s net asset value (“NAV”) per share. The increasing interconnectivity between global economies and financial markets increases the likelihood that events or conditions in one region or financial market may adversely impact issuers in a different country, region, or financial market.
    ETF Risks. The Fund is an ETF, and because of the ETF’s structure, it is exposed to the following risks:

    Authorized Participants, Market Makers, and Liquidity Providers Concentration Risk. The Fund has a limited number of financial institutions that may act as Authorized Participants (“APs”). In addition, there may be a limited number of market makers and/or liquidity providers in the marketplace. To the extent either of the following events occur, Shares may trade at a material discount to NAV and possibly face trading halts or delisting: (i) APs exit the business or otherwise become unable to process creation and/or redemption orders and no other APs step forward to perform these services; or (ii) market makers and/or liquidity providers exit the business or significantly reduce their business activities and no other entities step forward to perform their functions.
    Costs of Buying or Selling Shares. Due to the costs of buying or selling Shares, including brokerage commissions imposed by brokers and bid/ask spreads, frequent trading of Shares may significantly reduce investment results and an investment in Shares may not be advisable for investors who anticipate regularly making small investments.
    Large Shareholder Risk. From time to time, an AP, a third-party investor, an affiliate of the Adviser, or a fund may invest in the Fund and hold its investment for a specific time period to allow the Fund to achieve size or scale. There can be no assurance that any such entity will not redeem its investment or that the size of the Fund will be maintained at such levels, which could negatively impact the Fund.
    Premium-Discount Risk. The Shares may trade above or below their NAV. The market prices of Shares will generally fluctuate in accordance with changes in NAV as well as the relative supply of, and demand for, Shares on the Exchange or other securities exchanges. The existence of significant market volatility, disruptions to creations and redemptions, or potential lack of an active trading market for Shares (including through a trading halt), among other factors, may result in the Shares trading significantly above (at a premium) or below (at a discount) to NAV.
    Trading Risk. Although Shares are listed for trading on the Exchange and may be traded on U.S. exchanges other than the Exchange, there can be no assurance that Shares will trade with any volume, or at all, on any stock exchange. In stressed market conditions, the liquidity of Shares may begin to mirror the liquidity of the Fund’s underlying portfolio holdings, which can be significantly less liquid than Shares.
    Trading Halt Risk. Sharp price declines in securities owned by the Fund may trigger trading halts, which may result in the Fund’s shares trading in the market at an increasingly large discount to NAV during part (or all) of a trading day or cause the Fund itself to halt trading. In such market conditions, market, or stop-loss orders to sell the ETF shares may be executed at market prices that are significantly below NAV or investors might not even be able to transact in Shares if the Fund halts trading.

    New Adviser Risk. The Adviser has only served as an adviser to a registered fund for less than one year. As a result, there is no long-term track record against which an investor may judge the Adviser and it is possible the Adviser may not achieve the Fund’s intended investment objective.
    New Fund Risk. The Fund is new and does not have shares outstanding as of the date of this Prospectus. As a result, prospective investors have no track record or history on which to base their investment decisions. In addition, there can be no assurance that the Fund will grow to or maintain an economically viable size. If the Fund does not grow large once it commences trading, it will be at greater risk than larger funds of wider bid-ask spreads for its shares, trading at a greater premium or discount to NAV, liquidation and/or a stop to trading. Any liquidation of the Fund could cause the Fund to incur elevated transaction costs for the Fund and negative tax consequences for its shareholders.

    Shares are not individually redeemable and are issued and redeemed at their net asset value only in large, specified blocks of shares called creation units. Shares otherwise can be bought and sold only through exchange trading at market price (not NAV). Shares may trade at a premium or discount to their net asset value in the secondary market. Brokerage commissions will reduce returns.

    Texas Capital Bank Wealth Management Services, Inc. d/b/a Texas Capital Bank Private Wealth Advisors (“PWA”), a wholly owned subsidiary of Texas Capital Bank and a Registered Investment Advisor with the U.S. Securities and Exchange Commission (“SEC”), serves as investment adviser to the Texas Capital Government Money Market ETF and Texas Capital Texas Equity Index ETF and is paid a fee for its services. Shares of the Texas Capital Government Money Market ETF and Texas Capital Texas Equity Index ETF are not deposits or obligations of, or guaranteed or endorsed by, Texas Capital Bank or its affiliates. The Texas Capital Government Money Market ETF and Texas Capital Texas Equity Index ETF are not insured by the FDIC or any other government agency. The Texas Capital Government Money Market ETF and Texas Capital Texas Equity Index ETF are distributed by Northern Lights Distributors, LLC, member FINRA/SIPC, which is not affiliated with Texas Capital Bank Private Wealth Advisors. 

    INVESTMENTS: NOT FDIC INSURED | MAY LOSE VALUE | NO BANK GUARANTEE

    1 Source: Texas Economic Development Corporation

    The MIL Network –

  • MIL-OSI: ServiceTrade Releases a New Modular Dashboard Giving Commercial Fire and Mechanical Contractors a “Command Center” to Maximize Productivity and Profit 

    Source: GlobeNewswire (MIL-OSI)

    DURHAM, N.C., Sept. 25, 2024 (GLOBE NEWSWIRE) — ServiceTrade, Inc., the software platform for commercial mechanical and fire contractors, announces the release of ServiceTrade Fall ‘24, the latest innovations to its industry-leading field service management software. The newest release features capabilities that can maximize tech productivity and improve profit for every job, every customer, every time. Enhanced AI-driven features provide more useful information that helps companies increase technician and customer satisfaction.

    The Fall ‘24 release features a new customizable dashboard that can be personalized to provide relevant data for each operational role. Owners, dispatchers, operations executives, and service managers can create personalized “command centers” that deliver the necessary real-time information they need. Drag and drop widgets make it easy for stakeholders to create a view of the most appropriate information for their job function. In addition, enhanced tasking, scheduling functionality, and dispatch features guide schedules that optimize time and tech profitability by prioritizing the most important customers. The Fall ‘24 release is designed to help companies optimize time on-site, meet customer expectations, and win and keep the most valuable customers. 

    Brian Smithwick, ServiceTrade CTO and co-founder, commented: “For over a decade, we’ve been singularly focused on solutions that help contractors prioritize the most profitable customers, build maximum pipeline, and improve productivity and profits. The Fall ‘24 release brings critical innovations to market and will allow commercial contractors to scale their businesses and deliver exceptional service, build customer loyalty, and drive revenue. With the Fall ‘24 release, we continue to raise the bar with software solutions to support the unique challenges commercial service contractors face.”

    Customized, Role-Based Views Through Drag-and-Drop Widgets
    ServiceTrade has completely transformed its dashboard, enabling a customizable, real-time view of operational data that shows relevant information for specific jobs and business functions. Unlike traditional static dashboards, ServiceTrade’s dashboard is fully customizable, allowing users to select from an extensive library of widgets that integrate real-time operational data across work orders, customer communications, financial performance, and more. By providing users with personalized views that contain insights about the details that matter most to their job function, the dashboard helps users easily find the information they need, increasing productivity and optimizing business performance. 

    Streamlined, Powerful Scheduling and Dispatching
    The latest version of the ServiceTrade dispatch board delivers scheduling and dispatching game changers to simplify the way dispatchers assign and schedule technicians and jobs. These enhancements provide everything business owners need – and nothing they don’t – to make smarter scheduling decisions, reduce travel time, and provide technicians with more information so they can work efficiently and productively. With a refurbished user interface and AI infusions to streamline all workflows, the dispatch and scheduling experience empowers commercial contracting businesses to prioritize the most profitable customers and jobs, optimize technician routes, schedule high-value work, and plan long-term to ensure all technicians are fully utilized. 

    Automated Tasking Ensures Efficiency and Maximum Profit at Each Appointment 
    Streamlining the management of recurring maintenance tasks provides technicians with clear task checklists for each job and piece of equipment, and helps contractors meet service agreements. New task manager features simplify the planning and execution of maintenance activities, allow techs to meet productivity goals, and deliver quality service accurately to meet customer contract commitments and regulations at every service appointment.

    AI-Driven Commenting and Job Summaries 
    New AI-driven features, including SmartTranscribe, SmartComment, and SmartSummary, make it easier for technicians to provide detailed notes and for the office to more efficiently deliver complete customer communication. ServiceTrade’s industry-leading AI infusions help manage the full life-cycle of commercial and industrial building equipment from installation and startup to inspection and maintenance to repair and replace. Unlike other solutions focused on financial data, residential services, or those with limited data in the commercial sector, ServiceTrade Smart AI is powered by over 18 million commercial work orders servicing over 13 million building assets with over 6 million identified equipment issues. 

    To learn more about ServiceTrade:

    About ServiceTrade:
    ServiceTrade, Inc. is a software platform for commercial mechanical and fire and life safety contractors. During a chronic skilled labor shortage, ServiceTrade helps commercial contractors increase profit by improving service and project operations, increasing technician productivity, selling more service agreements, and growing customer loyalty. Located in Durham, North Carolina, ServiceTrade was founded in 2012 to automate and streamline the commercial mechanical and fire protection industry and has grown to have more than 1,300 customers. More than 10% of the commercial or industrial buildings in the United States are serviced by contractors using ServiceTrade. Learn more at www.servicetrade.com.

    Contact:
    Media@KTCMarketingandpr.com

    The MIL Network –

  • MIL-OSI: Buchanan Technologies Strengthens Oracle Expertise with Heartland IT Consulting Acquisition

    Source: GlobeNewswire (MIL-OSI)

    GRAPEVINE, Texas, Sept. 25, 2024 (GLOBE NEWSWIRE) — Buchanan Technologies, a leading IT and Application Managed Services provider, has acquired Dallas-based Heartland IT, an IT services firm with primary expertise in Oracle technologies, including Oracle Fusion Applications (OFA), Oracle Cloud Infrastructure (OCI), Oracle EBS, JD Edwards, and PeopleSoft. This marks the third acquisition Buchanan has completed in the last three years centered around its Oracle solutions.

    Heartland IT was founded in 2010 with a vision to be the premier Oracle consulting firm providing services to multi­national organizations. With exceptional delivery expertise in Oracle technologies and a robust grasp of the needs of diverse industries, Heartland IT has created innovative solutions for its tenured customer base, assisting clients with their journey through the Oracle ecosystem. Buchanan will leverage this expertise to enhance the growth of its Oracle and Applications Services practice.

    Buchanan Technologies is going through a period of rapid growth, and by bringing Heartland IT into the fold, it can utilize the two organizations’ combined strengths to better service the growing demand for managed services across the entire technology stack as a one-stop solution for mid-market and enterprise customers. “Heartland IT’s expertise in Oracle solutions and their proven track record in consulting services further cements Buchanan’s ability to deliver a distinctive, holistic, and innovative approach to customers across the globe who rely on Oracle technologies within their business,” said Jim Buchanan, Founder and CEO of Buchanan Technologies.

    Patrick Donlin, CEO and President of Sales for Heartland IT, commented, “We are proud to be a part of the Buchanan team. Buchanan’s breadth of experience and customers for Oracle-based solutions is a natural fit and perfectly aligns with the vision of Heartland for being a premier Oracle consulting firm. We look forward to supplementing and growing as one team.”

    Buchanan Technologies is backed by Lightview Capital. Heartland IT was represented by Sett & Lucas. With this acquisition, Buchanan Technologies and Heartland IT will set new benchmarks in Oracle-based consulting services.

    About Buchanan Technologies
    Established in 1988, Buchanan Technologies is an award-winning managed services provider offering innovative IT services and customized solutions to mid-tier and enterprise-level organizations across the United States, Canada, and Europe. Buchanan offers flexible and customizable solutions to accommodate any IT needs – whether it is improving customer experience, serving with onsite IT services, or complete managed IT solutions – and believes every interaction matters with each customer to provide a seamless user experience. To learn how Buchanan can simplify your IT solution, visit www.buchanan.com.

    About Heartland IT Consulting
    Heartland IT Consulting is a resource delivery firm that supplies hard-to-locate consultants who specialize in Oracle products including Oracle Enterprise Business suite, JD Edwards, PeopleSoft, Business Intelligence and Oracle Cloud applications. Heartland offers clients a flexible partnership as Heartland’s Resource Delivery Model innovatively creates contract and permanent staffing solutions to fit any client’s needs.

    About Lightview Capital
    Lightview Capital is a leading private equity firm focused on investing in founder-owned companies in the business services and tech-enabled services industries. Lightview partners with its portfolio companies by providing deep industry knowledge, insightful experience, and active resources to unlock growth and drive value. Lightview Capital’s approachable investment style combines deep operational and financial experience with an entrepreneurial spirit that delivers measurable results. For more information, visit lightviewcapital.com.

    Media Contact:

    LaRessa Cox
    Vice President of Marketing,
    Buchanan Technologies
    lcox@buchanan.com
    +1-972-910-7544

    The MIL Network –

  • MIL-OSI: YPrime Survey Finds 62% of Clinical Site Staff Report eCOA Platforms are Misaligned with Site Needs

    Source: GlobeNewswire (MIL-OSI)

    MALVERN, Pa., Sept. 25, 2024 (GLOBE NEWSWIRE) — YPrime, the leading pioneer in clinical trial technology, today announced the release of a comprehensive research report that sheds light on the technology experiences and preferences of clinical trial site personnel. The report, A Sponsor’s Guide to Leveraging Site Insights for Smarter Technology Decisions, offers crucial insights for clinical trial sponsors seeking to enhance site experience, patient compliance, and overall trial efficiency with technologies aligned to users’ needs and preferences.

    The research, based on a survey of 100 clinical trial site personnel (95% investigators, 5% other roles), reveals a significant gap between sponsor-provided technologies and the actual needs of sites. Key findings include:

    • 47% cite difficulties teaching participants how to use their devices and ePRO system as a key issue keeping them up at night.
    • 60% say sponsors rarely or never gain site input when selecting an eCOA platform for a study.
    • 72% do not feel adequately trained in using the eCOA platform(s) before the study begins, and 71% do not feel adequately trained to help their clinical trial participants with ePRO data collection.

    “This research validates YPrime’s proactive focus on user-centric design in clinical trial technologies,” said Mike Hughes, Chief Product Officer of YPrime. “We’ve implemented dedicated teams and systems to develop intuitive applications prioritizing user needs. Our solutions improve efficiency and compliance, enhancing the overall trial experience. We are inspired to make life better for patients and clinicians.”

    The report offers guidance to sponsors about improving technology effectiveness by involving site personnel in technology selection, prioritizing integration and interoperability, investing in comprehensive training programs, emphasizing user-friendly interfaces, and continuously gathering and acting on feedback. These strategies address key concerns such as lack of integration, insufficient training, and the need for greater user-friendliness in clinical trial technologies.

    “Sponsors must integrate the voice of investigators and site stakeholders into technology decisions—not just at the initial selection stage, but throughout the entire process,” stated Jimmy Bechtel, Vice President of Site Engagement at the Society for Clinical Research Sites (SCRS). “The feedback loop must be continuous and iterative, ensuring that the technology evolves to meet the real-world needs of those on the front lines of clinical research. When we prioritize the input of sites and genuinely listen to their experiences, we will pave the way for a better experience for patients as well.”

    The full research paper offers an in-depth analysis of the current clinical trial technology landscape, site personnel challenges, and sponsors’ strategies to bridge the gap between technology selection and user needs. Please visit the YPrime website to download the free report, A Sponsor’s Guide to Leveraging Site Insights for Smarter Technology Decisions.

    To learn more about this important topic from stakeholders with decades of experience, attend today’s webinar, Understanding Site and Patient Challenges: Empowering Sponsors to Drive Trial Success, at 11:00 AM EDT/9:00 AM PDT/4:00 PM BST.

    About YPrime
    At YPrime, we streamline the clinical trial journey with a configurable platform designed for speed, quality, and certainty. With 50% faster IRT startup times, 30% faster eCOA launch times, and quality standards 50% above the industry average, YPrime can help you solve for certainty. Discover how by visiting www.yprime.com or emailing marketing@yprime.com.

    Media Contact        
    Terry Rehm
    Head of Thought Leadership and Public Relations, YPrime
    trehm@yprime.com
    862-288-0329

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7f5e3d1f-0c5b-4afd-92c3-8718eaefe991

    The MIL Network –

  • MIL-OSI: Introducing the FloQast Accounting Transformation Platform: Bringing AI Power to Accounting Automation

    Source: GlobeNewswire (MIL-OSI)

    LOS ANGELES, Sept. 25, 2024 (GLOBE NEWSWIRE) — FloQast today announced the start of a new era of accounting operational excellence, driven by the debut of its all-new Accounting Transformation Platform, purpose-built by accountants, for accountants. Incorporating the entire FloQast™ solution portfolio, including FloQast Close, FloQast Compliance Management, and FloQast Ops, the Accounting Transformation Platform unveils new AI workflows to deliver value throughout every step of the accounting journey, including:

    FloQast also introduced several all-new solutions that align with each of these four steps, elevating accountants from simply being workflow stewards to critical drivers of organizational strategy – and empowering organizations to achieve transformation without disruption. The Accounting Transformation Platform and these solutions were unveiled at TakeControl, FloQast’s annual user conference, taking place from September 25-26, 2024.

    FloQast developed the Accounting Transformation Platform over more than a decade of innovation, supercharged by the latest advancements in artificial intelligence. Built from direct customer feedback and deep industry expertise, the platform not only addresses evolving market demands, shifting regulatory landscapes, and the growing pressure on accounting leaders to deliver more with fewer resources in the face of a worsening talent shortage but also positions AI as a transformative force. By integrating AI, the platform gives organizations and accounting teams a powerful competitive advantage, driving new efficiencies and actionable insights for better decision-making.

    “We’re launching the FloQast Accounting Transformation Platform at a time when the accounting profession faces unprecedented challenges,” said Mike Whitmire, CEO and co-founder of FloQast, CPA. “With the number of practicing CPAs declining and fewer new professionals entering the field, the pressure on accounting leaders to do more with less has never been greater. This platform is designed to meet that reality head-on, using the power of AI to create solutions that not only streamline and automate critical processes but also enhance the strategic value of accounting teams within their organizations. In today’s landscape, the ability to drive operational excellence isn’t just a competitive advantage—it’s essential for future business success.”

    Today’s launch features three new solutions, FloQast Journal Entry Management, FloQast AI Transaction Matching, and FloQast Consolidation – as well as the introduction of FloHub, an all-new, centralized hub for third-party applications. The announcements also include several key updates to existing offerings, creating a more comprehensive platform experience.

    For more information on the FloQast Accounting Transformation Platform, read the blog post.

    About FloQast

    FloQast, an Accounting Transformation Platform created by accountants for accountants, enables organizations to automate a variety of accounting operations. Trusted by more than 2,800 global accounting teams – including Twilio, Los Angeles Lakers, Zoom, and Snowflake – FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

    Contact:
    Kyle Cabodi
    FloQast Director of Corporate Communications
    kyle.cabodi@floqast.com

    The MIL Network –