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News Release

Spectral AI announces "single largest contract to date"

Spectral AI Inc

Spectral AI Ltd (NASDAQ:MDAI) founder and CEO Wensheng Fan speaks to Thomas Warner from Proactive after the medical-focused artificial intelligence company announced it has been awarded a new contract valued at up to $149 million by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR) within the U.S. Department of Health and Human Services. The CEO describes the contract as Spectral AI's "single largest to date" and highlights that it represents an important step forward in its commercial efforts. The deal includes a base phase of $55mln for FDA clearance of "Deep View" in burn indication. The technology aims to assist ER physicians in determining whether burn patients should be transferred to specialized burn centers. With 1.1 million burns occurring in the US annually, the potential for Deep View's application in emergency rooms and trauma centers is vast. Additionally, the technology will play a role in the treatment flow of both burn and diabetic foot ulcers, further expanding its clinical utility. Fan explains that following Spectral's recent move from London's AIM to the NASDAQ, the contract signifies a pivotal moment in the company's history, cementing its commercial future and revealing more about its potential impact on the healthcare sector. Contact Details Proactive Investors +44 20 7989 0813 uk@proactiveinvestors.com

September 29, 2023 01:17 PM Eastern Daylight Time

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Cloud Tech ETF's 5-year journey: CEO Anthony Ginsberg shares explosive growth and future insights

HANetf

Anthony Ginsberg, CEO of GINSGLOBAL Index Fund joined Steve Darling from Proactive to reflect on the remarkable journey of the Cloud Technology ETF, which was launched in 2018. Over the past five years, cloud technology adoption has skyrocketed, especially accelerated by the COVID-19 pandemic and remote work trends. Initially, cloud technology was embraced by startups and SMEs, but it's now a cornerstone for large enterprises, including banks, insurers, and governments. This evolution has significantly reshaped the landscape, with major players like Amazon, Microsoft, and Google benefiting. The pandemic expedited the adoption of hybrid and multi-cloud solutions, reducing risk for large corporations. IBM's acquisition of Red Hat was a pivotal moment, enabling multinational organizations to diversify their cloud providers. Cloud technology now encompasses diverse industries, from social media and gaming to electric vehicles, even intersecting with AI, primarily driven by NVIDIA chips. In terms of performance, the ETF has experienced remarkable growth, with a year-to-date increase of up to 30%. Overall, since its inception, it has seen a gain of around 44%, though there were some challenges due to factors like inflation and market fluctuations. Looking ahead, Ginsberg anticipates continued M&A activity in the cloud and cybersecurity sectors. As AI becomes increasingly intertwined with cloud technology, it's likely that AI firms may also venture into the cloud space. The cloud industry is poised for substantial growth, potentially tripling in size over the next five to six years. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 29, 2023 12:56 PM Eastern Daylight Time

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Cyberattack Explosions Are Driving Customers To Sekur, Which Saw 650% Increase In Website Traffic In 2 Weeks And 100% Rise In VPN Sales Month-Over-Month

Benzinga

By Meg Flippin, Benzinga Cyberattacks are on the rise, with cyberattacks increasing by 38% in 2022 as bad actors steal identities and wipe out bank accounts at alarming rates. But consumers and businesses are becoming wise to the risk, which is in turn driving sales for providers of virtual private networks (VPNs). One good example is Sekur Private Data Ltd. (OTCMKTS: SWISF), a Swiss-hosted secure and private communications platform provider. It seems to be seeing explosive growth, with subscriber sign-ups for its Swiss-hosted privacy VPN, SekurVPN, up more than 100% month-over-month in September. Given the sheer number of attacks committed online and on mobile devices, that might not come as much of a surprise. According to a Clark School of Engineering Study, a hacker attack occurs every 39 seconds. And, in 2022, the potential total loss from cyber attacks was more than $10.2 billion, up almost 50% from $6.9 billion in 2021, according to the FBI’s Internet Crime Report for 2022. Identity theft collectively costs consumers billions of dollars and untold hours repairing damaged credit. So consumers and businesses are turning to VPNs to protect them online – and Sekur’s sales are soaring because of it. According to Forbes, two-thirds of surveyed U.S. internet users use a VPN to help protect personal data, one-third use a VPN to mask their internet activity and 80% use a VPN for increased cybersecurity. Only The Beginning? For Sekur, 100% subscriber growth could just be the beginning. The company expects exponential growth over the long term as it adds more enterprise features to its offering and upgrades to the next-generation Internet Protocol standard IPv6. A new ad campaign slated for October or early November should create more buzz as well. Plus, Sekur plans to sell its VPN products through resellers later this year. All of those initiatives should position the company well in the years to come. “Our prime directive is to provide private and secure communications for everyone,” said CEO Alain Ghiai when announcing the subscriber growth. “The results also do not reflect yet the full scale launch as we have just completed a prelaunch and are testing the waters. We expect this to be a big success once we launch it on social media and digital paid media.” Organic Search Booming The strong demand isn’t only for its VPN. Sekur.com is seeing a surge in traffic, too – up about 100% in the past month and 650% in the last two weeks. Importantly, the surge has been driven by organic searches. The more people that find Sekur.com on their own, the less the company spends to acquire customers. Currently, about 5% of organic website visitors become customers – a number Sekur expects to grow, lowering overall acquisition costs. The company is also going after the small and medium business market, of which there are over 30 million in the U.S. – which will further lower customer acquisition costs. SMBs often tend to have multiple users, and a single customer win can result in several subscribers. On top of all that, Sekur expects to launch a complete communication suite in the first quarter of 2024, adding encrypted voice calling tool SekurVoice and encrypted video conferencing solution SekurPro to its offerings. Those new products could drive sales as well. Privacy Matters The internet can be a scary place for many and consumers and businesses are becoming increasingly conscious of the risks presented by it. They connect with VPNs before they do their banking, shopping and socializing online. As the threats grow, so should sales of VPNs. Sekur seems well-positioned to capitalize on this demand. It uses the latest encryption technology through a proprietary infrastructure and doesn't rely on any big tech hosting providers. Plus, the company only offers Swiss IPs. Swiss privacy laws are considered among the strongest in the world for many reasons – for example, in 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws, they may not be used to track Internet usage without the knowledge of the individuals involved. Sekur’s offerings are geared toward those who value privacy and want their personal information to be safe online. In today’s increasingly connected world, that could — or maybe should — be all of us. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 29, 2023 09:15 AM Eastern Daylight Time

Is The Time Right for M&A In The Mining Sector? Silvercorp Metals’ Acquisition Of OreCorp Adds Timely Growth With A Promising Project

Benzinga

By Faith Ashmore, Benzinga Companies in the junior mining sector are currently operating in a challenging capital-raising environment. The mining industry is highly cyclical, making it susceptible to fluctuations in commodity prices and other macroeconomic headwinds, making investors cautious about funding new exploration and development projects as potential returns may be uncertain. Against this backdrop, mergers and acquisitions (M&A) has emerged as a cost-effective avenue for well-capitalized companies to pursue disciplined growth and diversification. By leveraging their financial resources, technical expertise, and market presence, these established companies can effectively mitigate development and operating risks while unlocking the true value of quality projects. A study conducted by EY highlights that M&A deals in the mining sector have shown an upward trend, and Silvercorp’s recent acquisition might be a testament to the acceleration of this industry trend. Silvercorp Metals Inc. ( NYSE AMERICAN: SVM; TSX: SVM ) is an established Canadian mining company boasting a strong balance sheet, combining a track record of profitability along with growth opportunities, including fully-funded ‘organic’ growth within its existing low-cost mines, as well as ongoing strategic M&A efforts — has one recent example which could prove to be a home run. On August 6, Silvercorp and OreCorp Limited announced the signing of a binding agreement that will result in Silvercorp acquiring all the outstanding shares of OreCorp. The deal enhances Silvercorp’s asset base by adding a largely de-risked, low-cost gold project, while preserving the company’s cash for mine development. Under the agreement, OreCorp shareholders will receive AUD $0.15 in cash and 0.0967 of a Silvercorp common share for each OreCorp share, representing a total consideration of approximately AUD $240 million. Existing OreCorp shareholders will own 17.8% of Silvercorp's common shares after the deal is completed. The primary objectives of the acquisition are to create in Silvercorp a diversified and highly profitable precious metals company, provide a re-rating opportunity through the successful development of OreCorp's Nyanzaga Gold Project in Tanzania, and enable Silvercorp and OreCorp investors to be part of a company with greater access to capital, higher liquidity, increased scale and enhanced capital markets relevance. With its financial strength and the technical team's track record and expertise, Silvercorp is well-positioned to build, optimize, and further explore Nyanzaga, as well as pursue additional M&A opportunities. As part of the agreement, Silvercorp provided OreCorp with approximately AUD $28 million in funding through an equity placement to advance the project development, including resettlement activities and early project works, laying the groundwork for imminent full-scale construction. The board of OreCorp has unanimously recommended that shareholders vote in favor of the transaction, which is subject to various closing conditions, including shareholder and court approvals. Silvercorp has also committed to seeking a listing on the Australian Securities Exchange. Silvercorp looks to stand out in the mining industry by prioritizing cash flow generation, actively pursuing diverse avenues for growth, and upholding responsible mining practices. The company's strategic initiatives may have the potential to propel Silvercorp to a new level, while also highlighting enduring dedication to enhancing shareholder value. Readers interested in the latest updates on Silvercorp's growth strategies can find additional information at silvercorpmetals.com/welcome. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 29, 2023 09:15 AM Eastern Daylight Time

Crossword Cybersecurity CEO reveals focus for the rest of 2023

Crossword Cybersecurity PLC

Crossword Cybersecurity PLC (AIM:CCS) CEO Tom Ilube speaks to Thomas Warner from Proactive after the company released its interim results for the six months to 30 June 2023. Dr Ilube gives an overview of the company's strong performance during the first half of the year, highlighting revenue growth to £1.9 million, marking a 27% increase from the same period last year, with annual recurring revenue surging by 35% to £2.7 million. The company also improved its margins from 16% to 20%. Dr. Ilube emphasises Crossword's focus on organic growth and its commitment to working closely with key accounts. Addressing the impact of generative AI on cybersecurity, he revealed that Crossword is actively exploring how AI can be integrated into their products, especially in supply chain and network monitoring areas. He reveals that as the company moves forward, the primary challenge is converting their sales pipeline into closed contracts. "The challenge now in the back half of the year is taking that pipeline and converting it into closed deals, closed contracts with clients... so that's where all the energy is going." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 29, 2023 03:00 AM Eastern Daylight Time

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Learning Technologies Group "much more comfortable about the second half"

Learning Technologies Group PLC

Learning Technologies Group PLC (AIM:LTG, OTC:LTTHF) chief executive Jonathan Satchell speaks to Thomas Warner from Proactive after the workplace talent development company released its interim results for the six months to 31 June 2023 Satchel provides an overview of the company's performance over the period as well as its future outlook. The firm reported £285 million in revenue for the first half, a 2.5% increase from the previous year. However, challenges arose from integrating their LEO business into the GP Strategies content business, which Satchell suggests may ultimately have cost an estimated $80 million of EBIT. Despite these challenges, Satchell expresses confidence in the company's resilience. He says the company's performance during the second half was always going to hinge on the GPLX turnaround, adding that August's figures show a strong recovery and he feels "much more comfortable about the second half." While facing softness in markets like China and Japan, the company remains optimistic about meeting analyst expectations for the full year. He also says that as they approach their 10th anniversary, the firm is being selective about acquisitions and has announced a voluntary debt repayment of $25 million. Satchell also highlighted their focus on integrating AI thoughtfully, ensuring they don't merely follow trends but leverage technology effectively. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 29, 2023 03:00 AM Eastern Daylight Time

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HTX Earn Launches New User Rewards Program with 100% APY

HTX

Singapore – September 28, 2023 – HTX, a comprehensive ecosystem of blockchain businesses, announced the recent launch of its special Earn campaign tailored for new users. Through this campaign, new users can enjoy up to 100% APY by subscribing to popular cryptocurrencies such as USDT, BTC, ETH, and more for 7 days. All new users who qualify can embark on this exciting wealth growth journey by subscribing through HTX Earn, starting on Sep 18, 2023, at 10:00:00 UTC.. Against a backdrop of global economic slowdown, the cryptocurrency market continues to attract investors worldwide with its openness, diversity, and standardization after over a decade of development. For centralized exchanges, the competition to become the top choice for global crypto investors hinges on the quality of their passive income offerings for new customers. This quality manifests itself in various aspects, including a diverse selection of cryptocurrencies, attractive annual returns, and low entry requirements. Based on a competitive analysis of five leading exchanges, HTX consistently stands out due to the distinct advantages it offers. HTX Leads the Pack in Offering New User Passive Income Opportunities In the chart above, it is evident that HTX's offerings excel in several aspects including cryptocurrency variety, APYs, KYC requirements, and more. HTX currently offers Earn products for as many as 20 mainstream coins and has continued to introduce more consistently. They also offer remarkable 100% APYs for these passive income products. Additionally, compared to exchanges that limit time and require complex verification processes, HTX provides its new user benefits for longer and only requires KYC Level 2 verification to participate. To access HTX Earn, simply visit HTX's official website and click Earn in the top navigation bar, or open the HTX app and tap HTX Earn on the homepage. Grab Your Opportunity! Exclusive to New Users – Subscribe Now HTX's special Earn campaign is exclusive for new HTX Earn users that subscribe starting from Sep 18, 2023, at 10:00:00 UTC. Users must complete KYC Level 2 verification to be eligible for subscriptions through this activity. Each qualifying new user can only subscribe to one of the products offered in this promotion once. The activity will end once the total subscription quota for each cryptocurrency is depleted. After 7 days of subscription, the returns and the principal for the subscription will be credited to the users' spot accounts in the same token they subscribed to. HTX Earn is a reliable tool for managing virtual assets, offering a variety of products that cater to users' demands while ensuring the utmost security of their assets through the exchange's strict risk management system. HTX Earn is designed to provide users with high-quality assets for daily passive income and user-friendly interface for convenient wealth management experience. This exclusive campaign, coinciding with HTX's rebranding, demonstrates the exchange's commitment to strengthen its global presence. While HTX continues to focus on the mainstream crypto ecosystem to meet users' trading demands, it is also exploring emerging sectors to uncover more wealth opportunities accessible to users. This not only fulfills the essential needs of users in the current crypto market but also aligns with its vision: "Achieving Financial Freedom for 8 Billion People on Earth". For the next decade, HTX envisions an all-encompassing platform, including spot trading, derivatives trading, and wealth and asset management, becoming a trusted metaverse free port for global users in the Web3 era. About HTX Founded in 2013, HTX has evolved from a crypto exchange into a comprehensive ecosystem of blockchain businesses that span digital asset trading, financial derivatives, wallets, research, investment, incubation and other areas. HTX serves millions of users worldwide, with a business presence covering over 160 countries and regions across five continents. Its three development strategies - "global development, technology drives development, and technology for good" underpin its commitment to providing comprehensive services and values to global cryptocurrency enthusiasts. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

September 28, 2023 07:17 PM Eastern Daylight Time

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ARway Corp announces company has built its first platform for Apple Pro Vision Glasses

ARway

ARway Corp Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to share an exciting update at ARway Corp has achieved a significant milestone by completing the first build of the ARway Platform on Apple's Vision Pro hardware and realityOS operating system at the prestigious Apple Park in Cupertino. During this development phase, developers had the exclusive opportunity to access early prototypes of the headsets, showcasing the platform's compatibility with Apple's cutting-edge technology. This new version of the ARway Platform introduces several enhancements, including multi-map and multi-floor navigation capabilities on the Web Creator Portal. Creators can now streamline the process of crafting augmented reality experiences, as the platform offers three default floorplans, significantly reducing the time and effort required for development. Furthermore, ARway Corp has announced substantial upgrades to its platform and technology in version 2.6. These enhancements go beyond the recent features and provide even more advanced capabilities. Some of the notable additions include a comprehensive location directory and an improved onboarding experience. These enhancements reaffirm ARway's commitment to remaining at the forefront of the augmented reality industry, ensuring that its technology continues to offer cutting-edge solutions to creators and developers. Overall, this development signifies a significant leap forward for ARway Corp, positioning it as a key player in the augmented reality space and highlighting its dedication to providing innovative solutions that enhance the AR experience for users and creators alike. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

September 28, 2023 02:13 PM Eastern Daylight Time

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News Release

1606 announces launch of ChatCBD, a revolutionary AI chatbot to enhance customer experiences

1606 Corp.

1606 Corp CEO Greg Lambrecht joined Proactive's Steve Darling with news the company is launching ChatCBD, an AI chatbot designed to revolutionize the customer experience. Lambrecht explained that ChatCBD, a conversational e-commerce tool, is set to debut through a partnership with Cool Blue Distribution. This strategic collaboration will enable 1606 to integrate its proprietary AI merchandizing ChatBot into Cool Blue's website. ChatCBD has been custom-tailored to provide comprehensive responses to customer inquiries related to CBD and offer product recommendations from the range of retail brands available through Cool Blue Distribution, a leading CBD distributor in the United States. The chatbot's standout feature lies in its utilization of Natural Language Processing (NLP) technology, which equips it with the capability to comprehend and respond to customer queries with a high degree of precision and understanding, akin to human interactions. Furthermore, ChatCBD operates 24/7, ensuring that customers receive assistance and solutions to their questions promptly, even beyond regular business hours. This innovative approach not only enhances the customer experience but also showcases 1606 Corp's commitment to leveraging cutting-edge technology to provide valuable solutions in the growing CBD market. By offering an AI-driven chatbot for CBD-related inquiries and product recommendations, 1606 Corp aims to create a seamless and informative shopping experience for consumers exploring the world of CBD products. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

September 28, 2023 01:46 PM Eastern Daylight Time

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