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Classiq to Host Quantum Software Hackathon and Bootcamp on October 1

Classiq Technologies

Classiq Technologies, a leading quantum computing software company, today announced its annual quantum computing software bootcamp and hackathon, the Classiq Quest. There is no cost to participate in either event. First up is the bootcamp, October 1-5, during which participants will learn how to fully exploit Classiq’s software to design, optimize and execute quantum algorithms. One to two hours of work per day over the five days will provide students, professors and others in academia focused on electrical engineering, computer science and other related fields an excellent opportunity to learn how to develop quantum algorithms. The quantum computing bootcamp is also a resource for those in industries such as DevOps, finance, chemistry, pharma, automotive and supply chain who want to learn how to harness the power of quantum computing. With a daily challenge on each day, participants will emerge from the bootcamp as experts on Classiq’s platform and fully prepared to tackle the Quest Hackathon challenges. Next up is the Classiq Quest Hackathon, which runs from October 8-11. The hackathon is an online programming competition open to individual as well as group participants. It is designed to reward those that can create efficient and elegant quantum circuits for a variety of important problems. Over the four days, participants receive a series of challenges for which they must design, optimize, and execute quantum algorithms. The challenges are a combination of open and well-defined problems that fall under three quantum computing themes – applications, utility, and education – and for each theme, there are two challenges. The application challenges focus on the use of quantum algorithms for addressing real-life problems in industries such as chemistry, finance, material science, and cyber security. Quantum utility concentrates on quantum algorithms that fully exploit the capabilities of available quantum computers. The quantum education theme is targeted at quantum algorithms for educational purposes with intuitive graphics and visualizations. “We often hear from professors that they have difficulty finding ways to teach students about quantum computing,” said Amir Naveh, chief product officer and co-founder at Classiq. “Our bootcamp offers a great way for students to get up to speed quickly on quantum computing and then test their skills with the challenges in the hackathon. It’s equally relevant and useful for people on the corporate side, who are quantum curious and need an easy entry point. We’re all about democratizing quantum computing.” Last year, nearly 300 participants from 51 countries registered for the Classiq coding competition and Classiq received more than 150 solutions. Participants must register by Sunday, October 1. Details on events, challenges and ways to participate are available at https://go.classiq.io/classiq-quest-hackathon#Bootcamp. The prize pool is $15,000. For each challenge, the first, second and third place winners will be rewarded with $1,500, $700, and $300, respectively. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing software platform with a single point of entry into quantum computing, from algorithm design to execution. Tailored to all levels of developer proficiency, Classiq aims to democratize access to quantum computing with software that equips customers to take full advantage of the quantum computing revolution. A low-code development environment ensures that a broader range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of how to program quantum computer hardware. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter), or YouTube, or visit www.classiq.io to learn more. Contact Details Michelle Allard McMahon/Jenna Beaucage classiqPR@rainierco.com Company Website http://www.classiq.io/

September 27, 2023 01:45 PM Eastern Daylight Time

Substrate Artificial Intelligence invests in "fantastic" UK AI market ahead of listing

Substrate Artificial Intelligence

Substrate Artificial Intelligence (OTCQB:SUIAF) chairman Lorenzo Serratosa and CEO Ivan Garcia speak to Thomas Warner from Proactive about the latest developments at the Spanish AI company ahead of its planned London listing. Serratosa explains that Substrate develops its own AI technology to create, develop, and scale companies across various sectors. The core aim is to enhance profitability and sustainability using AI solutions. Garcia gives an update on preparations for the company's Aquis listing, which he expects to complete in October or November. He emphasises the UK's "fantastic" and relatively well-developed tech ecosystem with supportive AI policies. Furthermore, Serratosa revealed their recent acquisition of a UK-based company, Ifit Solutions, which specialises in AI-driven talent management and acquisition. This move aligns with Substrate AI's vision of leveraging AI to improve job satisfaction and company-employee compatibility. The acquisition is seen as a strategic step to tap into the UK market and further expand the scope of their technological solutions. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

September 27, 2023 01:36 PM Eastern Daylight Time

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Comcast Invests $3.6 Million to Bring Xfinity 10G Network to Rural Community of Caruthers, California in Fresno County

Comcast California

Comcast today announced it invested nearly $3.6 million to bring its smart, fast, reliable high speed broadband network – the Xfinity 10G Network – to Caruthers, a rural community in Fresno County, California. Expanding its secure Xfinity 10G Network and commercial broadband services to rural areas is an important part of Comcast’s overall effort to increase digital equity in the Central Valley. Today’s announcement follows Comcast’s high speed broadband expansions in Biola, CA, another rural community in Fresno County where the company invested $1 million, and Planada, CA, a rural community in Merced County where Comcast invested $4.5 million. Work is underway on Xfinity 10G Network expansion projects in several additional areas of Fresno and Merced Counties. Caruthers residential customers will now have access to Xfinity’s full suite of internet products, including Internet Essentials, which provides low cost, high speed broadband for income-constrained households. Since its inception in 2011, the program has connected more than 1.4 million residents across California. Businesses in the area will now be able to take advantage of the full suite of Comcast Business products and services. Comcast also participates in the Affordable Connectivity Program (ACP), which provides qualifying households with a $30 monthly credit toward internet and mobile services. “I greatly appreciate Comcast’s significant investments in our rural communities and the expansion of high-speed broadband access for the residents and business owners in Caruthers,” said Fresno County Supervisor Buddy Mendes. “Continuing to invest in rural communities has a significant, positive impact on the lives of families, students, seniors and veterans and helps to close the Digital Divide. Our community will now have access to a broader range of educational opportunities, better jobs, digital literacy training and workforce development skills. Internet access is at the center of our modern lives and the quality of those lives will be greatly enhanced here, thanks to Comcast.” “The Central Valley continues to be a big focus for us here at Comcast as we continue to invest and expand our high speed, high-capacity network in the State,” said Regional Senior Vice President David Tashjian. “We understand that fast, reliable and secure Internet access has become a necessity for everyone, and we’re excited to be able to bring our Xfinity 10G Network to these communities to create lasting impactful change.” Through September 30, Comcast will be showcasing products and services available to customers and providing a number of raffle prizes and giveaways to attendees at the Caruthers District Fair, California’s largest and longest-running free gate fair. Community members are encouraged to visit with Comcast representatives to learn how the company’s Internet and other services can support their residential or business needs. Powered by the Xfinity 10G Network Comcast’s network and Internet experience are powering homes and businesses today and into the future: Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. The Xfinity 10G Network with the next-generation Xfinity gateways deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously. Fastest Internet: More than a third of Xfinity Internet customers subscribe to gigabit speed products, and symmetrical gig speeds are planned to come to the first homes later this year. Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful Xfinity WiFi Boost Pod that extends coverage to hard-to-reach areas, with plans for an offering of increased support for in-home WiFi through a “boost guarantee” later this year. Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network – the Xfinity 10G Network – that passes 60 million homes and businesses and counting. The company launched Storm-Ready WiFi, a new device that comes equipped with cellular and battery backup to help keep customers connected even when the power goes out. Ultra-Low Latency: The Xfinity 10G Network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home. For local businesses, Comcast Business offers a suite of connectivity, cybersecurity, managed solutions and Comcast Business Mobile products designed specifically for their employee’s needs. Powered by the nation’s largest Gig-speed broadband network, and backed by 24/7 customer support, Comcast Business is the nation’s largest cable and Internet provider to small and mid-size businesses and one of the leading providers to larger organizations in the Enterprise market. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest growing providers of Ethernet services. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on broadband, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast California Jon Koriel +1 925-315-2690 Jon_koriel@comcast.com

September 27, 2023 10:00 AM Pacific Daylight Time

Shopistry Launches White-Label eCommerce Platform Enabling Banks, Merchant Acquirers, and Payment Processors

Shopistry

Toronto, Ontario -- Shopistry, a leading commerce solution provider powering local merchants to leading brands, today announced the launch of Private Label Commerce, the industry’s first white-label eCommerce solution. Banks, merchant service providers, payment providers, and software companies can now offer merchants a modern, no-code online store and omni-channel solution, integrated with their existing offerings, growing client value, gaining revenue, and reducing churn. The innovative approach is designed to empower traditional fintechs to deepen client relationships and compete with software providers that are increasingly offering payments and financial products to business owners as a catalyst for growth. “Owning the customer relationship is critical and the more indispensable you become to your merchant’s business the better. This why eCommerce software companies have increasingly moved into payments, loans, and more, putting pressure on traditional fintech companies. Shopistry’s Private Label Commerce levels the playing field; it’s a game changer to offer your clients a Shopify-like solution without the work,” said Jaafer Haidar, CEO at Shopistry. Private Label Commerce is the latest from Shopistry and introduces a focus on small/medium businesses to compliment the company's existing products for leading brands and media and entertainment that powered growth at Oura Ring, Black Rifle Coffee, NEON and other leading brands. “We’re focused on running our business and needed a solution that’s easy and integrated with our payments and banking so we can manage everything in one place. We tried others but Shopistry is easy to use and has a lot of features. The fact that it’s offered by our payments company means we only have one place to go for anything we need,” said Matt Boom, partner at Boomerz Boxing & Fitness.” Shopistry has partnered with major merchant service providers and is now open for additional partners. Key benefits include: White-Label & Supported: End-to-End software, videos, managed support by Shopistry Sales Enablement Program: Sales support and training to enable your sales effort Turn-key Mobile & Web Stores: Merchants quickly start selling online Dynamic Checkout: Single-page checkout, integrated payments, BOPIS, Shipping more Simplified Operations: Automatic product, inventory, order, and payment integration enables seamless operations without changes to business processes Seamless Omni-channel: Integration with in-store terminals and systems to deliver a seamless omni-channel solution Continuous Innovation with AI, Social and more: Ongoing product innovation drive further value to clients, keeping partners ahead of the game without costs To learn more about how Shopistry Private Label Commerce can benefit your organization, please visit shopistry.com contact partners@shopistry.com. For press inquiries please contact press@shopistry.com. About Shopistry Shopistry commerce software and solutions empower partners and merchants of all sizes to innovate and grow their business online hassle-free. Shopistry powers SMBs to leading growth brands like Oura Ring, Honed, NEON Studios, and more with modern functionality, simplicity, performance, and flexibility to adapt and grow as commerce continues to evolve. To learn more visit shopistry.com. Shopistry® is a registered trademark of Shopistry Inc. Third-party trademarks and service marks are the property of their respective owners. Contact Details Bryanne Baker press@shopistry.com Company Website https://www.shopistry.com

September 27, 2023 11:58 AM Eastern Daylight Time

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RuaTech Redefines IT Excellence Using Comcast Business Technology

Comcast New Mexico

Comcast Business today announced that it is providing RuaTech with technology solutions – including Comcast Business Mobile lines and Comcast Business Internet – that help the New Mexico-based business create a more connected, agile and productive work environment, empowering its teams to deliver exceptional results and bolster client satisfaction. Founded with a vision to redefine IT landscapes, RuaTech has rapidly emerged as a frontrunner in providing comprehensive technology solutions to businesses of all sizes. With a track record of seamlessly integrating cutting-edge systems into diverse business operations, RuaTech has gained a reputation for excellence in optimizing IT infrastructure for enhanced productivity. The company offers a variety of IT services to its clients, including diagnosing and troubleshooting technology issues as well as providing recommendations on new tools or processes needed to optimize their clients’ operations. RuaTech is a small business that operates out of Silver City, a rural area in New Mexico. With one office space in the city, the company’s employees are often connecting virtually with their clients, resolving IT issues without ever being present in a physical space. Recognizing the pivotal role that connectivity plays in its operations, the company needed to find a technology provider that offered reliable, fast service despite the less populated location it’s based in. Comcast Business was the best choice for the company’s needs. “Our customers come to us to resolve technology problems, which means we don’t have any room for technology issues on our end – thankfully, Comcast Business’ solutions have provided us with the peace of mind an IT organization needs to do business,” said José Velasco, CEO and owner or RuaTech, who also oversees day-to-day technical operations. “Moreover, they take the time to have conversations with us on our needs, which makes our small business feel just as important as any bigger company.” The technology solutions provided by Comcast Business are perfectly tailored to bolster RuaTech's IT operations. Comcast Business Mobile lines ensure that RuaTech's team can remain connected and agile, facilitating efficient communication and real-time collaboration regardless of whether they are in office, or offsite. Furthermore, Comcast Business Internet services empower RuaTech to handle complex projects, data-intensive tasks and client interactions quickly and reliably, ultimately enhancing the overall client experience. “RuaTech's innovative approach to IT services aligns seamlessly with our commitment to delivering advanced connectivity and communication tools, making them a perfect fit for Comcast technology solutions,” said Robert Thompson, vice president of business services for Comcast’s Mountain West Region. “We are proud to provide technology to help RuaTech reshape the landscape of IT support and redefine how businesses harness the power of technology.” About Comcast Business Comcast Business offers a broad suite of technology solutions to keep businesses of all sizes ready for what’s next. With a range of offerings including connectivity, secure networking, advanced cybersecurity, and unified communications solutions, Comcast Business is partnering with business and technology leaders across industries and integrating Masergy, a leader in software defined networking, to help drive businesses forward. Backed by a next-generation network, Comcast Business has been recognized for its growth, innovation, and leadership in global secure networking. For more information, call 800-501-6000. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Chloe Huard chloe.huard@finnpartners.com Company Website https://newmexico.comcast.com/

September 27, 2023 09:09 AM Mountain Daylight Time

The EOS Network Foundation, Upland, and Aerial Join Forces to Transform EOS into a Climate Positive Blockchain Network

EOS Network Foundation

The EOS Network Foundation (ENF) and Upland in collaboration with Aerial are proud to announce a groundbreaking initiative that will propel the EOS Network from being the world's first carbon-neutral blockchain to a climate positive blockchain network. The EOS Network’s architectural design offers low power consumption while delivering record breaking scalability and throughput that merges the effectiveness of immutable, decentralized systems with environmental responsibility. EOS ranks among the most environmentally friendly blockchains globally, with an annual carbon footprint of a mere 242 tonnes of CO2, a figure that has been fully offset since 2018. "As EOS celebrates 5 years since becoming the world’s first carbon-neutral blockchain, we are thrilled to take our sustainability efforts one step further by going climate positive," said Yves La Rose, Founder and CEO of the EOS Network Foundation. "This remarkable achievement goes well beyond our initial sustainability goals for carbon neutrality by offsetting more than 3x the carbon footprint of the EOS Network. This reinforces our steadfast commitment to environmental sustainability and our ambition to create real-world value through blockchain technology." Recognizing the importance of carbon offsetting in mitigating the environmental impact of blockchain technology, the EOS Network Foundation sought collaboration with Aerial, a leading sustainability platform, and Upland, a metaverse superapp mapped to the real world that simulates several aspects of life and economy. Upland has been actively involved in EOS’ sustainability efforts as a carbon offset sponsor since 2021. Their own sustainability efforts also extend beyond blockchain infrastructure by offsetting their carbon footprint for the cloud services that help power the Upland metaverse. "We are excited to collaborate with the EOS Network Foundation in this groundbreaking initiative to achieve climate positivity," stated Danny Brown-Wolf, Chief of Staff of Upland. “Upland has been committed to environmental sustainability since the day we started. We're proud to help EOS become a climate-positive blockchain network." Collaborating with Aerial, a sustainability platform that partners with verified environmental efforts globally, the EOS Network Foundation aims to actively reduce carbon emissions while inspiring others in the blockchain industry to adopt climate positive strategies. "Partnering with the EOS Network Foundation and Upland in this climate positive initiative is an important milestone in the sustainability journey of the blockchain industry," commented Andreas Homer, CEO of Aerial. "We are honored to collaborate with such forward-thinking organizations that are dedicated to environmental responsibility and making significant positive changes." The EOS Network Foundation and its partners aspire to set a new standard in sustainability within the blockchain industry. Through their actions, they aim to inspire and encourage other networks and applications to embrace climate positive strategies. Together, they believe in creating a sustainable digital economy and a lasting positive impact on our planet. About the EOS Network Foundation The EOS Network Foundation (ENF) was forged through a vision for a prosperous and decentralized future. Through our key stakeholder engagement, community programs, ecosystem funding, and support of an open technology ecosystem, the ENF is transforming Web3. Founded in 2021, the ENF is the hub for EOS Network, a leading open-source platform with a suite of stable frameworks, tools, and libraries for blockchain deployments. Together, we are bringing innovations that our community builds and are committed to a stronger future for all. About Upland Upland is an open web3 platform for the metaverse mapped to the real world. The company's mission is to build one of the leading and most dynamic maker-communities through a strong entrepreneur economy that allows players, creators, developers, and brands to manufacture goods and experiences, monetize assets, and provide utility and fun to other players. Headquartered in Silicon Valley with hubs in Las Vegas, Ukraine, and Brazil, Upland was named among Fast Company's "Next Big Things in Tech" in 2021 and one of "22 San Francisco Startups To Watch in 2022" by Built In SF. Upland is available on iOS, Android and the Web, and can be played from anywhere in the world. About Aerial Aerial is a sustainability platform that collaborates with verified environmental efforts worldwide to remove carbon emissions. By partnering with organizations seeking to offset their carbon footprint, Aerial is dedicated to creating a more sustainable planet and driving positive change in the blockchain industry. Contact Details EOS Network Foundation Zack Gall, Chief Communications Office zack.gall@eosnetwork.com Company Website https://eosnetwork.com/

September 27, 2023 09:22 AM Eastern Daylight Time

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How Altius Minerals Is Building An ESG-Compliant Portfolio With The Potential To Deliver Sustainable Royalties For The Next 100 Years

Benzinga

By Faith Ashmore, Benzinga As the United Nations wraps up its 78th General Assembly in New York City, the most pressing issue at hand has been putting the 17 Sustainable Development Goals (SDGs) back on track and aligning political agendas with the ever-important environmental goals. While governments will shape policy, companies have substantial sway in affecting the economy and direction of environmental action. ESG investing has been one of the fastest growing investment classes, even after public pressure around green-washing that occurred in 2022. This backlash has caused asset managers and regulators to be more cautious about what styles of investing get classified as ESG investments. This caution around using the term ESG more deliberately likely contributed to a report issued in 2022 by the US SIF, which classified $8.4 trillion in U.S. investment assets at the beginning of 2022 held by firms that factor ESG into their decision-making. Although this is a huge number, it’s less than half the $17.1 trillion assets that were classified as ESG assets under management in 2020. Altius Minerals (OTCQX: ATUSF) (TSX: ALS) has built an ESG-friendly royalty portfolio. Altius is part of the broader mining sector, an industry that has been under criticism for its long history of causing significant harm to the environment, from deforestation and habitat destruction to water pollution and greenhouse gas emissions. But materials that go into electronics, electricity generation, transportation and virtually all 21st-century lifestyle infrastructure are dependent on the mining industry. Altius is a royalty company that, unlike most of its competitors, has very little gold royalty exposure. Although gold has properties that make it uniquely adaptable for uses including medical and technology applications, its main demand source is jewellery and coins. Contrast that with copper, which along with potash, are Altius’s main exposures. Altius is working towards creating a portfolio that is sustainable. The company is targeting potash, electrification battery metals and iron ore for green steel, along with their core holding in subsidiary Altius Renewable Royalties (OTCQX: ATRWF) (TSX: ARR). These markets align with multiple UN sustainable development goals, such as eradicating poverty, ensuring renewable energy, responsible procurement and more. This strategic focus aligns with the values of stakeholders who believe in these goals. One significant aspect of Altius Minerals' sustainable portfolio is the emphasis on long mine lives. Unlike typical gold mines that run for 10-15 years, potash mines, for instance, are expected to have a lifespan of up to 100 years or more. This longevity ensures employment opportunities for entire careers or even generations. Long resource lives are also the best predictors of expansion opportunities. While potash mine lives can be long at 100+ years, renewable energy resources are potentially infinite, making the business of ARR unique in that the resource is never subject to depletion. That is a significant contrast to other energy forms, like shale wells. Revenue from Altius Renewable Royalties is accelerating, with new project royalties expected to be operational by 2024 from investments already made. Their commitment to renewable energy aims to align with the global transition towards cleaner and more sustainable energy sources. Altius claims it doesn’t avoid industries where emissions are considered “hard to abate” like steel-making. Altius wants its investments to fall on the side of steel-making that is sourcing high-purity iron ore for electric arc furnace steel making, aiming to eliminate the use of metallurgical coal inputs. Altius’s iron ore exposure is Labrador Trough iron ore, considered to be among the highest grade and lowest impurity sources globally. One of the most significant ESG transitions in the world, along with the energy transition, is the transition from internal combustion engine transport to electric vehicles. According to the International Energy Agency (IEA), electric car markets have witnessed exponential growth, with sales exceeding 10 million in 2022; 14% of all new car sales in 2022 were electric, a notable increase from around 9% in 2021 and less than 5% in 2020. The IEA further projects that the global market value of electricity for EV charging is set to grow significantly, reaching approximately $190 billion by 2030. The Climate Action Tracker report suggests that to align with the 1.5 degrees Celsius pathway, fully electric vehicles will need to account for 75-95% of global annual passenger vehicle sales by 2030 and 100% by 2035. This growth demonstrates the increasing demand for EVs and the need for the materials and infrastructure to support this growth. As an example, an electric vehicle uses almost 2.5 times the copper of a car with an internal combustion engine, and S&P Global forecasts that copper demand will nearly double between 2022 to 50 million metric tons and 2035 to 50 million metric tons. By 2050, demand will reach more than 53 million metric tons. To illustrate just how strong the demand growth is, S&P Global noted that that’s “more than all the copper consumed in the world between 1900 and 2021.” EV demand is similarly driving the need for mining of other materials such as lithium, which is commonly used in EV batteries. Copper is one of Altius’s largest royalty exposures. Mining producers of these critical materials will need financing partners who support the impact they’re making and their sustainability goals. Altius Minerals aims to position itself as a leading diversified royalty player with positive impacts on climate, electrification and food security, as well as a front-runner in the ESG space – an ideal financing partner for sustainable miners. 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 27, 2023 09:15 AM Eastern Daylight Time

With Cancer Immunotherapy Market Set To Grow At Double-Digit CAGR Till 2032, This Company Plans To Ride The Wave Through Treatments For Complex Cancers

Benzinga

By Faith Ashmore, Benzinga Oncotelic Therapeutics Inc. (OTCQB: OTLC) is a clinical-stage biopharmaceutical company. Its primary focus is on developing innovative drugs for the treatment of orphan oncology indications, with an emphasis on rare and underserved cancer types including pancreatic cancer, glioma and glioblastoma. Oncotelic's pipeline includes several promising drug candidates. One of their key products is OT-101, a targeted immunotherapy designed to inhibit the production of a specific protein critical for cancer evasion of host immunity. By targeting immune evasion specifically, OT-101 aims to reduce the effectiveness of traditional immunooncology (IO) drugs and improve patient survival. This drug has also been shown to be successful in helping treat immune evasion by COVID-19. Oncotelic is undertaking combination trials with IO drugs such as PD-1, PDL-1 and CTLA4, among others. Over the next 12 months, it is expected there will be reports available on these combination trials. In August, the company announced a collaboration between their joint venture partner, Sapu Bioscience, LLC (wholly owned by GMP Biotechnology Limited), and Cromos Pharma, LLC. This collaboration’s goal is to conduct a registrational trial for OT-101 in the treatment of pancreatic cancer. The company is expecting to report interim analyses in the near future. This trial leverages the ability of OT-101 to counteract chemoresistance that frequently arises during the treatment of cancers with chemotherapies. In many ways, OT-101 was designed to improve existing cancer treatments, such as Keytruda. Merck & Co’s (NYSE: MRK) Keytruda – also known as pembrolizumab – is an immunotherapy used to treat various types of cancer, including lung cancer, melanoma and triple-negative breast cancer. It blocks the PD-1 pathway, allowing the immune system to detect and fight cancer cells. What makes Oncotelic an industry innovator is its embrace of AI in its workflow. By leveraging AI, the company is mining its existing database to design the optimal clinical pathway for each of its drugs. Through their dedication to incorporating cutting-edge science and engineering, Oncotelic is positioning itself at the forefront of advancing novel drugs in oncology. In addition to OT-101, Oncotelic is advancing other drug candidates, as well, including CA4P and Oxi4503. These drugs utilize different mechanisms of action to target blood vessels feeding the tumors and disrupt their growth. This diversified pipeline strategy allows Oncotelic to explore multiple approaches to cancer treatment and increase the likelihood of success in addressing different types of cancer. By leveraging AI, Oncotelic's drug candidates can overcome the limitations of conventional clinical trials, avoiding unintended confounding factors that plague traditional clinical trials. Long before a clinical trial is initiated, extensive in silico modeling would have been completed at Oncotelic, derisking every aspect of the clinical trial and optimizing it for success. Oncotelic Therapeutics is an innovative player in the cancer immunotherapy market, which is expected to reach a value of $647 billion by 2032, growing at a CAGR of 13.8% over 2022-2032. The company has completed promising phase 2 trials in pancreatic cancer and melanoma, as well as in glioblastoma, achieving robust efficacy and safety in all three cases. With the company’s cutting-edge research and impressive track record, Oncotelic is setting the bar high for innovation in cancer treatments. 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 27, 2023 09:15 AM Eastern Daylight Time

Analysts Predict Net Zero Energy Transition Will Push Most Battery Metals Into Shortage By 2030 – How Investors Can Potentially Get Exposure

Benzinga

By Rachael Green, Benzinga Shares of Sprott Energy Transition Material ETF (NASDAQ: SETM) could be positioned for growth as the quest for new supplies of key battery metals like lithium and nickel intensifies. Sprott Asset Management launched the ETF at the beginning of the year as a way to give investors pure-play access to critical minerals that will be key to the global clean energy transition currently underway. Battery Metals Are Quickly Approaching Extreme Shortages According to the International Energy Agency (IEA), lithium demand has tripled since 2017, and it’s forecast to increase tenfold from 2022 to 2040 in order to meet the battery and electricity storage needs of countries aiming to reach net zero emissions by 2050. The soaring demand for lithium is almost entirely tied to the net zero transition. The mineral is a key component of EV batteries and clean energy storage platforms. About 56% of the demand for lithium in 2022 came from EV batteries exclusively. That’s only expected to get higher in the decades ahead as the typical battery contains about 8 kilograms (17.5 pounds) of lithium and about 2 billion electric vehicles (EVs) will need to be on the road by 2050 in order to meet the net zero emissions target. Meanwhile, while EV batteries and storage only represent about 11% of the current demand for nickel, the IEA estimates that it’ll account for over half of total nickel demand by 2040. A similar trajectory is forecast for cobalt and other minerals that are used to make various kinds of EV batteries and other storage units. To meet that demand, McKinsey & Company estimates that over 380 new mines would need to be added on top of the approximately 500 mines currently operating today. The Sprott Energy Transition Materials ETF (SETM) Gives Investors Broad Upstream Exposure to Critical Minerals SETM tracks the Nasdaq Sprott Energy Transition Materials TM Index, which is composed of over 100 global companies directly involved in energy transition materials including copper, lithium, nickel, uranium, cobalt, graphite, manganese, rare earths and silver. Currently, the index is heavily weighted toward lithium-, uranium-, and copper-related stocks, with each group accounting for about a quarter of the portfolio’s weight. With an even mix of large, medium and small-cap stocks all over the world, this gives investors broad exposure to the companies poised to benefit most from the net zero transition. It’s also concentrated on upstream companies – including producers, developers, explorers, refiners, recyclers and other companies involved in providing raw materials to EV makers, power plants and other downstream companies that will need those critical materials. With a supply shortage looming, upstream exposure might not only give investors a way to capture returns from surging battery metal prices but also to limit exposure to downstream companies that might not be able to keep up with competitors as costs increase. While the need for clean energy is clear and policymakers are enacting increasingly stricter emissions standards, it still remains to be seen which companies will come out on top and exactly what the clean energy mix will look like in the future. But what is fairly certain is that these critical minerals will be key to building the infrastructure to store and distribute that clean energy. 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 27, 2023 09:15 AM Eastern Daylight Time

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