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Lucidity makes cloud storage smarter as it secures $5.3m funding round

Lucidity

Nearly half of businesses are migrating their data to the cloud to create a competitive advantage and remain innovative. However, Cloud comes with its own set of challenges if not managed well. And to deliver the elusive ROI from cloud, cloud storage orchestration platform Lucidity has been helping businesses get truly cloud-native. The startup is today announcing a $5.3M seed funding round led by AlphaWave Investments with participation from Beenext, Blume Ventures, BoldCapital, NuVentures and Sparrow Capital to help ramp its international expansion plans. This funding round follows a $500k pre-seed round led by Beenext in 2021 along with 10+ super angels. Lucidity has built a “NoOps” orchestration layer that can sit on top of cloud storage making storage faster, efficient and cheaper, while enabling cloud-native functionalities. Using Lucidity, businesses will be able to unlock their block storage capabilities making it 70% cheaper and 10X faster with zero code changes and at the click of a button. Lucidity takes care of any hassle of storage provisioning and eliminates any potential downtime which could lead to business and reputation loss. Lucidity was envisioned by Vatsal Rastogi, who had gained extensive experience working as a developer at Azure, Microsoft and then later, working closely with the infrastructure team at Swiggy. He teamed up with Nitin Bhaduria, who has spearheaded the growth of multiple SaaS platforms from scratch, with his last role as the Head of Sales in Tracxn. Together, they established the company in 2021, as the duo brought Lucidity to life. Nitin Bhadauria, co-founder of Lucidity, commented: “Post the pandemic, businesses flocked aggressively to the cloud to ensure business continuity. However, the vast majority resorted to a ‘lift & shift of data’ approach for a quick migration. Whilst this provided a quick fix, they remain elusive of the ROI promised by cloud vendors. Lucidity is unlocking the ROI of cloud storage at a click of a button. “70% of the storage costs are wasted today because of manual cloud management and risks of downtime. And to add to that challenge, the skill curve required to adopt a cloud-first culture with the teams becomes an added barrier. Lucidity is solving these problems and much more”. Dirk van Quaquebeke, Managing Partner at BeeNext, commented: "Lucidity positions themselves at the interesting intersection of what I call cloud transient where large enterprises transition from on-prem to cloud and there is a lot of slack to be captured in terms of value. Lucidity is building something that will have a very strong GTM fit in a market that is extremely large and global in nature. How Lucidity identifies and solidifies their problem statement alongside their clients gives us a lot of comfort in them." Andrew C. Martinez, Alpha Wave Global, stated, ”Lucidity makes cloud storage management, not only more streamlined and reliable, but also increases cloud storage performance while saving a significant amount of money. What was more impressive for us is that this wasn't just a theoretical concept, but rather something on full display as proof of concepts with customers who are now onboarding on the Lucidity platform” About Lucidity Lucidity is the most trusted software-defined storage NoOps orchestrator. It unlocks cloud block storage capabilities making cloud storage reliable, performant, and economical with zero effort. With its industry-first multi-cloud “Auto-Scaler”, Lucidity helps Enterprises, DevOps and FinOps teams instantly observe their block storage to become 70% cheaper, 10X faster and eliminate downtime with zero code changes.Lucidity enables cloud optimization even for your legacy applications, as infra ops teams can now unlock cloud-native functionalities for block storage apps without any code changes. IT managers, VP Infrastructure, IT Directors and leading CIOs alike have all trusted Lucidity in becoming cloud-ready and have adopted the NoOps cloud experience. If you would like to be a part of the NoOps cloud experience as well, visit us at www.lucidity.cloud Contact Details Lucidity Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.lucidity.cloud/

September 08, 2022 07:00 AM Eastern Daylight Time

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OPPO Collaborates with Artist Julian Stanczak to Provide Aquamorphic Wallpaper in ColorOS 13

OPPO

SHENZHEN, CHINA - Media OutReach - 8 September 2022 - Following the release of ColorOS 13, OPPO today unveils a new Aquamorphic Wallpaper[i] in collaboration with the estate of Op Art artist Julian Stanczak (1928-2017) with Stanczak’s work Blue Diffusion # 2 on OPPO Theme Store Art+ Channel. The wallpaper features the iconic blue tones of the ColorOS Aquamorphic Design combined with Julian Stanczak’s mastery of color, giving users visual enjoyment and a unique aesthetic experience. As one of the founders of the international Op Art movement and a master of color, Julian Stanczak made paintings that prompt a visual, psychological, and emotional response in the viewer. In this collaboration, the Aquamorphic Wallpaper operates seamlessly with the Aquamorphic concept in ColorOS 13. Stanczak’s reverence for color comes from a desire to translate the drama and power of nature into a universal impression, which highly echoes the intention behind the Aquamorphic Design. Inspired by water (the natural and organic element of nature), the Aquamorphic Design is to provide a fluid, vibrant and inclusive user experience by vitalizing users when using the phone. The energy of the different wavelengths of light shown in the Aquamorphic Wallpaper is intuitive and abstract, yet private in everyone’s experience and use, providing an artistic and natural experience for ColorOS 13 users. Available on OPPO Theme Store Art+ Channel “ Building dialogue through product and time is what makes a design good. It should be able to respond to people’s psychological needs in the moment”, as Xi Zeng, OPPO’s Director of Software Design said. “The wallpaper collaboration of Julian Stanczak and OPPO incorporates nature, art, and technology to create a digital experience that encourages self-reflection, inspiration, and vitality.” In addition to the Aquamorphic Wallpaper, ColorOS 13 offers other wallpaper options, such as Blossom Wallpaper, providing a visually aesthetic experience while focusing on users’ digital well-being. The new operating system just released on 18th August also includes other smart features such as Multi-Screen Connect, a range of updates on Always-On Display, Meeting Assistant, and a brand-new Aquamorphic Design to better serve 500 million global users. [i] This will be available in the OPPO Theme Store Art+ Channel for selected regions/countries including: India,Thailand,Singapore,Malaysia and Indonesia. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. About ColorOS ColorOS is a highly customized, efficient, intelligent, and richly designed Android-based mobile OS from OPPO. With over 500 million global monthly active users, ColorOS supports 67 languages, including English, Hindi, Thai, and Indonesian. Contact Details Media Contact press@oppo.com Company Website https://oppo.com/en/proposal/

September 08, 2022 05:00 AM Eastern Daylight Time

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B2Broker Presents White Label cTrader

B2Broker

B2Broker, a leading provider of financial services and technology for the Forex and crypto businesses, is thrilled to announce its White Label cTrader solution. cTrader is a trading platform with rich functionality that makes it a popular choice among many professional traders. With White Label сTrader, brokers can take advantage of a wide range of features and benefits that can help them provide an exceptional trading experience for their clients. What cTrader White Label is All About With everything necessary to create a customized experience tailored to the preferences of businesses, White Label cTrader is perfect for those searching for a top-class brokerage solution. This offering allows you to create a look that fits your brand thanks to its highly customizable user interface. Both institutional and retail clients will find this solution appealing because it offers a wide range of features! The White Label cTrader is the perfect solution for those looking to get into the Forex, cryptocurrency, or multi-asset broker business or to elevate their existing brokerage without having to make additional investments. Since everything you need is already included, such as the cTrader server license and a reliable liquidity provider network, all that's left for you to do is focus on the success of your company.In addition, your brokerage can access a fully functional and tested solution without worrying about how to integrate CRM or back-office systems or implement crypto processing. As part of the White Label cTrader package, you will also receive a 24/7 customer service desk for any questions or issues you may have. cBroker, a Convenient Tool for White Label cTrader cBroker is an essential back office application that streamlines customer account management and trading inquiries. Brokers can keep track of every piece of information passing through cBroker, giving them complete control over how trades are executed. User-friendly and packed with features, cBroker gives administrators full control over all aspects of the system. cTrader Copy The cTrader Copy platform allows your customers to copy other traders' strategies or offer their own trading strategies to others. This feature offers a highly user-friendly interface and is packed with a wide range of options. Plus, with the built-in Copy Stop Loss feature, your customers can control their risk level with ease. The platform is suitable both for experienced traders and for those who are just getting started, which makes cTrader Copy a great option for growing businesses' clientele and boosting platforms' profits. Powerful API With the cTrader open API, you can create specialized applications that work with cTrader to meet your specific business requirements. Whether you're looking to develop a new tool or integrate an existing one, the cTrader open API has the flexibility to make it happen. Thanks to the solution's white-label functionality, you can easily customize the interface to match your brand and provide your traders with the features they need. Best of all, cTrader's adaptability makes it easy to implement these changes. Moreover, White Label cTrader can be seamlessly integrated into your existing trader's room. With this option, you can still access all the key trading features alongside other applications you may want to add. Whether you want to create the perfect customer interface from scratch or use one of the many popular ones already available (such as TradingView), our solution has you covered. With features like personalized labels and graphics, customized user interface preferences, and support for technical analysis indicators and programs, White Label cTrader gives you the flexibility to create the perfect trading experience for your needs. Prime of Prime Liquidity Pool As part of the package, the White Label cTrader solution includes a Prime of Prime Liquidity Pool. Therefore, White Label cTrader is the perfect choice for those who want to get the best prices from the world's leading financial institutions. With access to over a thousand different trading instruments, including 110 FX symbols and 150 cryptocurrency CFDs, you'll be able to take advantage of the market's greatest products. Traders can trade with confidence, knowing that they're getting the best prices thanks to Tier 1 liquidity coverage. Whether you want to offer Forex, metals, commodities, indices, cryptocurrencies, equities, or ETFs, cTrader White Label will fulfil all your brokerage business needs. B2Broker and cTrader When it comes to improving your operating brokerage or starting your own Forex, crypto, or multi-asset brokerage firm, B2Broker's White Label cTrader platform is your go-to solution. "cTrader is a well-known platform with a proven track record of success, and it is used by all the market's top brokers. A quick search on the Appstore for cTrader will reveal all the major companies that use this platform. We believe that in today's ultra-competitive markets, every broker must offer a wide variety of trading platforms to its clients. Otherwise, the broker would lose clients who wish to trade on the cTrader platform. In addition to the traditional trading capabilities provided by the MT platform, cTrader will almost certainly attract a new category of traders and investors. When it comes to managing your crypto brokerage, and its algo capabilities, cTrader is one of the top solutions on the market. Since 2021, we have been seeing a growing demand for cTrader among cryptocurrency brokers. Since many cTrader brokers use our liquidity offering, we decided to open a whole new world for brokers that want to grow more sophisticated and cater to traders' needs, rather than requiring them to use a single platform," B2Broker CEO Arthur Azizov. B2Broker's White Label cTrader can be customized to meet the branding needs of any company, whether it is a startup or an established organization. The White Label cTrader platform from B2Broker offers a wealth of features and benefits that make it an ideal solution for businesses looking to get into the online trading space. With continued updates and improvements, the platform is only getting better, so be sure to stay tuned for more information! If you have any questions, don't hesitate to get in touch with us, and we'll be happy to help. Contact Details B2Broker Alexander Gorushin +44 20 8068 8636 agorushin@b2broker.net Company Website http://b2broker.com/

September 08, 2022 02:40 AM Eastern Daylight Time

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FutureTrack® by Union Savings Bank, a Goal-Based Planning Service Offers Unique Combination of Personal Coaching, Financial Insights and Digital Tools

Union Savings Bank

Union Savings Bank, a Danbury, Conn.-based community bank, announces the availability of “FutureTrack® by Union Savings Bank,” a goal-based planning service for customers. The program is designed to help customers achieve a variety of life goals – home ownership, starting a family, college planning, saving and budgeting, retirement and more – through one-on-one support with personal FutureTrack coaches and on-going financial insights and digital tools for managing finances. “We know people have diverse financial goals at varying stages of life, and each person defines success differently. But going it alone can be daunting,” said Rick Judd, USB’s Executive Vice President overseeing FutureTrack. “FutureTrack is an opportunity for people to finally feel like they are not tackling financial decisions on their own. Our FutureTrack coaches will help guide people so they can tackle life goals one at a time, building financial habits that will help them throughout their financial journey.” Judd also stated that with inflation rising and recent studies showing that nearly two-thirds of Americans are considered financially unhealthy, FutureTrack is more important than ever. The first step with FutureTrack (click to view:15 videos) is to book an appointment with the FutureTrack team for an assessment. A FutureTrack coach will ask questions about the person’s current financial situation, future goals, both short- and long-term. From there, the coach and “FutureTracker” set a plan on how to achieve those goals. The FutureTrackers will then receive frequent check-ins, educational materials, and recommendations to support them on their unique financial journey. To book an appointment, people can visit any USB branch, book an appointment online, or call the Customer Service Center at 866-872-1866. To become a “FutureTracker” and receive ongoing support, a relationship with USB is required, which enables the customer to take full advantage of the digital tools. Judd also explained that FutureTrack provides the perfect combination of human and technological support that people desire. “Access to ongoing coaching with an assigned FutureTrack coach with regular check-ins, our artificial intelligence (AI) tool like Spending Insights that help monitor spending habits, and USB Round-Up that enables customers to round up USB debit card purchases and automatically move that money into a savings account, plus educational information – all work together to help customers achieve their goals. We know there is a significant need for this kind of service based on industry research and feedback from our customers, and we don’t believe there’s anything quite like FutureTrack in the local community bank space.” According to Forbes “Most consumers are ’goal-oriented’ and focused on long-term savings goals. When it comes to those goals…people are hungry for more help reaching them and personalized advice at key moments. Increasingly, that help could come from artificial intelligence. A recent Accenture survey of North American banking customers discovered 46 percent are willing to use ‘robo-advice,’ 40 percent would consider switching banks to get more personalized service, and 39 percent said they want their financial institution to provide ‘actionable financial advice on a proactive, real-time basis.’” Judd adds, “This is not a one-and-done program ─ it is an ongoing understanding of the customer and their financial goals. FutureTrack is here for our customers throughout their journey, no matter the changes along the way.” In terms of the certified coaches, there are currently 23 Union Savings Bank FutureTrack coaches, and the Bank has more currently going through the certification process. The plan is to add more coaches on an on-going basis, as well. Each coach has completed extensive training through BVS Performance Solutions, a leading financial training company. The coaches are also trained to help customers navigate the various products and services Union Savings Bank offers and can direct customers to various subject matter experts, like mortgage loan originators, financial advisors, and business banking loan officers. Judd said that FutureTrack is yet another example of how the bank is using technology combined with personal service to benefit customers in their daily lives. “This service is designed to enhance the customer experience and help our customers feel like they have a trusted partner they can rely on. It’s less transactional and more relationship-driven and ultimately helps improve financial well-being, all of which are part of our mission.” For more information, please visit FutureTrack www.unionsavings.com/futuretrack. Established in 1866 and headquartered in Danbury, Conn., Union Savings Bank is a $3.0 billion mutual bank dedicated to being the bank of choice. As a full-service financial institution, Union Savings Bank provides banking, mortgage, investment, trust and insurance products throughout western Connecticut with 25 offices in Bethel, Brookfield, Canton, Danbury, Goshen, Kent, Litchfield, Marble Dale, Monroe, New Fairfield, New Milford, Newtown, Ridgefield, Roxbury, Southbury, Torrington and Washington Depot. The bank provides financial services to individuals, businesses, not-for-profit organizations, and government entities through its commercial, residential and consumer lending, corporate services, retail banking and wealth management divisions. Please visit www.unionsavings.com for more information. Member FDIC. Equal Housing Lender. Contact Details Union Savings Bank Michele Bonvicini +1 203-830-6045 mbonvicini@unionsavings.com Company Website https://www.unionsavings.com/futuretrack/

September 07, 2022 01:45 PM Eastern Daylight Time

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Secure Like Swiss? The Data Privacy Company That Reports Globalizing Its Currency Options

Sekur Private Data Ltd

Since the COVID-19 pandemic, more people than ever are choosing to stay home, according to a new Pew Study. This may raise additional concerns around cybersecurity if more and more aspects of life go virtual. In 2021 the cybersecurity industry saw over $50 billion in spending worldwide, and this number is forecasted to increase as more work is done from home and more measures are needed to protect both company and private data. Individuals and businesses around the globe may need solutions that work locally for them. Sekur Private Data Ltd. (OTCQX: SWISF) is one company that reports trying to find innovative solutions to these data protection problems. Companies that are dependent on U.S.-based cloud servers such as Google Cloud, offered by Alphabet Inc. (NASDAQ: GOOGL), are also subject to a subpoena under the 2019 Clarifying Lawful Overseas Use of Data (CLOUD) Act. Sekur is hosted in Switzerland to take advantage of the strict Swiss data privacy laws. It harnesses what its website describes as “proprietary military-grade encryption security” to protect its private, International Standards Organization (ISO)-certified data centers. Sekur says its platform provides secure messaging and email services as well as data storage, document management, and password management service — and that it also partners with companies like PartnerStack and Ingram Micro Inc. (NYSE: IM) to host a Sekur Business Suite platform. It has recently expanded its operations, hoping to make its platform an appealing international option. Currencies And Chats Both Part Of A Global Push Sekur entered the American market in July 2021 and in July 2022 launched its multicurrency, multilingual platform. This was part of Sekur’s global mass market launch to make it available for both private and business use internationally. Sekur’s multicurrency platform enables customers to avoid paying the often-expensive bank and credit card fees on currency exchange. It also creates a more seamless experience, ensuring users can use the platform in their own language. Since Sekur launched the multicurrency platform, it has expanded to include eight currencies from over 30 countries. These are USD, CAD, AUD, NZD, SGD, CHF, EUR and GBP. This gives customers in the United States, Canada, Australia, New Zealand, Singapore, Switzerland, any Eurozone country and the United Kingdom the ability to pay for the platform with their local money. Customers from outside these regions are still able to access the platform and will be charged in U.S. dollars. Sekur also plans to make its platform available in Japanese and accept JPY. Sekur saw a sales increase of 5,600% in the first quarter of 2022 when compared with the first quarter of 2021, while subscriber signups for the platform jumped by over 1,900%. This growth seems to be an indication that the multicurrency offering should foster even more growth Internationally, as Sekur is growing its global footprint.. Another component of Sekur’s platform, Chat-By-Invite, has as of August, enabled chats in 61 countries. Chat-By-Invite allows Sekur users to communicate securely via SekurMessenger by sending an SMS or email invitation to non-Sekur users. After hosting the conversation, the user who initiated the chat can delete the conversation from all users and at the server source. This initiative has been used by Sekur customers to communicate with people in Argentina, Australia, Austria, Bahrain, Belgium, Brazil, Canada, Chile, Colombia, Costa Rica, Croatia, Cyprus, Csech Republic, Denmark, Dominican Republic, El Salvador, Finland, France, Germany, Greece, Guatemala, Honduras, Hungary, Iceland, India, Indonesia, Ireland, Italy, Japan, Kuwait, Lichtenstein, Luxembourg, Malaysia, Malta, Mexico, Monaco, Netherlands, New Zealand, Nicaragua, Norway, Oman, Panama, Peru, Poland, Portugal, Qatar, Romania, Saudi Arabia, Serbia, Singapore, Slovakia, Spain, Sri Lanka, Sweden, Switzerland, Taiwan, United Arab Emirates, United Kingdom, United States of America, and Vatican City. This list suggests that Sekur may see future growth in South and Central America, where it already has seen some success, and Europe, Asia, Australasia and the Middle East. Sekur Private Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. Sekur Private Data Ltd. sells its products through its websites www.sekur.com and www.sekursuite.com, and approved distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Corporate Department corporate@sekurprivatedata.com Company Website https://sekur.com/en/about

September 07, 2022 09:21 AM Eastern Daylight Time

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Joan Burns, Global Leader in Financial Services HR, Becomes Treliant’s Chief Human Resources Officer

Treliant

Treliant, an essential, consulting partner to the financial industry globally, has named seasoned bank HR executive, Joan Burns to the position of Chief Human Resources Officer. This position is critical for supporting the rapid growth of Treliant and fulfilling the commitment to employee satisfaction, DE&I, career pathing, and many other critical programs including, helping to drive the company’s empowerment and accountability initiatives. In addition to leading the firm’s efforts in these areas, Joan will also be a member of the executive leadership team, contributing to the overall strategy and operational direction of the company. “Our firm prides itself on the caliber of its people and the quality of their work environment,” said David Samuels, Chief Executive Officer at Treliant. “With a broad background in HR, benefits and recruiting, combined with extensive financial services knowledge and experience, Joan is uniquely positioned to help us create a global environment of excitement, job satisfaction, and long-term retention.” Joan comes to Treliant with over 30 years of experience in human resources for financial services firms, concentrated in Commercial and Retail banking as well as, Capital Markets and Mortgage Lending. She successfully planned and implemented HR processes, programs, and tools with business leaders to build and enhance organizational capability. Prior to Treliant, Joan was the Chief Human Resources and Diversity Officer at Israel Discount Bank of NY for 4 years and spent 25 years at HSBC in a variety of senior roles, two of note, being the Head of Recruitment for US, Canada, and EMEA, and the Head of HR for Commercial Banking in North America. “Treliant’s team members have impressed me as passionately committed to earning and keeping their client’s trust, by being forward thinking and providing industry leading advice and solutions,” said Joan. “I’m just as passionate about making a positive impact at Treliant, empowering the team through cultural enhancement, robust career development, and diversity, equity, and inclusion initiatives.” Treliant is a consulting firm serving banks, mortgage originators and servicers, FinTechs, and other companies providing financial services globally. We are led by practitioners from the industry and the regulatory community who bring deep domain knowledge to help our clients drive business change and address the most pressing compliance, regulatory, and operational challenges. We provide data-driven, technology-enabled advisory, implementation, and staffing solutions to the regulatory compliance, risk, financial crimes, and capital markets functions of our clients. Founded in 2005, Treliant is headquartered in Washington, DC, with offices in New York, London, Belfast, Northern Ireland and Łódź, Poland. Contact Details Melissa Pazornik +1 202-249-7932 mpazornik@treliant.com Company Website https://www.treliant.com

September 07, 2022 09:20 AM Eastern Daylight Time

Foresight Collaborates with Leading American EV Manufacturer to Enhance Existing ADAS Systems

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid joint proof of concept (POC) project with a leading American manufacturer of electric vehicles (EVs). The project consists of the technological evaluation and testing of predefined scenarios. Foresight intends to demonstrate its ability to create 3D stereo perception with software only, using the manufacturer’s existing pair of mono cameras mounted on a large baseline (distance between the cameras). Foresight’s proprietary ScaleCam ™ separated stereo camera solution allows manufacturers to place cameras on a large baseline. This solution increases distance accuracy at long ranges, allows detection of any type of obstacle, and improves the safety and robustness of the manufacturer’s driver assistance system. “We are delighted to collaborate with a major player from the EV industry who chose to evaluate the potential of our software to improve the company’s existing safety systems using a software-only solution,” said Haim Siboni, CEO of Foresight. “We believe that our cost-effective advanced stereo vision technology may be beneficial to electric vehicle manufacturers as they develop more advanced autonomous capabilities, resulting in better distance accuracy and improved active safety features, contributing to a greener and safer future.” Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the paid joint POC project and its intention to demonstrate its ability to create 3D stereo perception using the manufacturer’s existing pair of mono cameras, mounted on a large baseline (distance between the cameras), through the use of software only; its belief that its cost-effective advanced stereo vision technology may be of benefit to electric vehicle manufacturers; and the proposed benefits that may be derived from the use of its products. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

September 07, 2022 08:05 AM Eastern Daylight Time

SnappRetail secures $2.5m to digitise retailers in Pakistan as it expands coverage 13 cities by 2024

SnappRetail

Big retail is dominating consumer communities around the world and Pakistan is no different. Fintech startup SnappRetail is empowering micro and traditional retailers in Pakistan with a suite of digital solutions to help them remain relevant and competitive. In doing so, SnappRetail is today announcing a $2.5m pre-seed funding round to expand the business across Pakistan. The round was led by Zayn Capital’s BitRate Fund with participation by Antler and Century Oak Capital. Based on Crunchbase data, this is one of largest pre-seed rounds raised in the sector in the country. SnappRetail offers retailers point of sale (POS) tools and a digital operating platform - a micro enterprise system for end-to-end shop operations - that helps traditional retailers to grow their margin and revenue while helping micro-retailers upgrade who are losing out to growing modern supermarkets because of inefficient operations, inadequate cash flows, and cluttered in-store display. Through the deployment of SnappRetail POS hardware and a sales driven data optimization operating system, they will get access to micro credit for working capital, ability to accept digital and card payments, unlock cost efficiencies and grow their sales. SnappRetail was co-founded in 2021 by Adeel Rasheed (ex-Unilever), Moazzam Ali Khan (ex Unilever/L'oreal), Ahsan Aziz (ex TRG) and Moiz Ali (Ex Primatics Financials). SnappRetail is their second startup venture having previously founded retail recruitment consultancy Resource Linked which placed employees at over 100,000 retailers. They have seen up close and first-hand the spread of the retail industry across Pakistan. Retail is the second biggest contributor to Pakistan’s GDP at $170b and an industry comprising 3m businesses. Adeel Rasheed, CEO and co-founder at SnappRetail commented: “It’s hard to believe that retail, which is such a significant contributor to Pakistan’s GDP, is still run on pen and paper. Little to no data exists for these businesses to make meaningful decisions and, critically, to seek finance to help them succeed. They are missing out on revenue and We are moving retailers from manual ways of working to digital ways of working in all their daily tasks for the shop. We anticipate this change in approach will help them increase revenue by 25-50%.” Moazzam Ali Khan, co-founder at SnappRetail added: “Our ambition is to support retailers and we will collaborate with the industry because the true winner will be the customer in terms of product choice, service and price. We believe that the whole retail and startup ecosystem is working towards improving the livelihoods of the traditional retailer, grocery and beyond. We are trying to create an ecosystem where all aggregators and other applications can come in and take advantage of our base platform. With our pilot we have seen that retention is very high and gross transaction value through the system is extremely high vs any other play.” Faisal Aftab, General Partner & Co-Founder at Zayn BitRate Fund commented: “Being a proven concept globally, there is no doubt SnappRetail has the right approach to solving the essential problem of the retailer. We were particularly impressed by the experience and maturity this founding team brings to the table, hitting the right balance between hypergrowth and managing the burn. This balance is the need of the hour as SnappRetail gears up for national and eventually international success.” Jussi, General Partner and Founder at Antler, commented: “Having invested in similar plays globally, we have witnessed the immense market potential of this sector. We have been thoroughly impressed by the vision SnappRetail brings to the tech industry of Pakistan and are looking forward to seeing them build up on their great progress.” About SnappRetail SnappRetail is a complete retail operating platform that empowers traditional retailers in Pakistan to grow their margin. SnappRetail is a digital operating platform that empowers traditional trade retailers in Pakistan to grow their margin and revenue helping reshape micro-retailers/kiryana-stores in Pakistan, which are losing out to growing modern trade and supermarkets due to inefficient operations, inadequate cash flows, and cluttered in-store display. Through deployment of SnappRetail POS ecosystem & sales driven data optimization, traditional retail gets access to micro credit for working capital, ability to accept digital and card payments,unlock cost efficiencies and grow their sales-accelerating them on their quest to scale and disrupt the retail market For more information please visit https://snappretail.io/ Contact Details SnappRetail Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://snappretail.io/

September 07, 2022 07:00 AM Eastern Daylight Time

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Foresight to Hold an Investor Conference in Israel

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today that the Company will host an investor conference on September 14, 2022 at 9:15 a.m. The investor conference will be held in the conference hall of the Tel Aviv Stock Exchange, 2 Ahuzat Bayit St., Tel Aviv. Foresight will present its activities in the recent period, review trends in the defense market and summarize its activities in the developing Chinese market. In addition, business and technological developments at Eye-Net Mobile, its wholly owned subsidiary, will be presented. The updates will be presented by the senior management and will be followed by a questions and answers session. Participation in the conference is free of charge but requires registration. Click here to register. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

September 07, 2022 04:40 AM Eastern Daylight Time

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