News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

ASP Isotopes CEO says future technologies "are not going to work without isotopes"

ASP Isotopes

ASP Isotopes (NASDAQ:ASPI) CEO Paul Mann speaks to Proactive after announcing the conclusion of the construction and cold commissioning of a light isotope enrichment facility in Pretoria, South Africa. Mann highlights the importance of isotopes for many of the most promising emerging technologies in realms including quantum computing, healthcare and sustainable energy. He also speaks about a recent fundraise, the proceeds of which will be used to finish constructing a second, larger plant in South Africa. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

April 10, 2023 07:35 AM Eastern Daylight Time

Video
Article thumbnail News Release

Onfolio Holdings very happy with decision to fully decentralise

Onfolio Holdings

Onfolio Holdings (NASDAQ:ONFO) CEO Dominic Wells speaks to Proactive about the company's decision to adopt a fully decentralised model for running its portfolio businesses. Wells gives an update on how the transition to the new model has been going and what it means in practical terms - adding that there is no substitute for experience in making a decision of this type. Read more about the decision at https://onfolio.com/operational-update-the-move-to-decentralize/ Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

April 10, 2023 06:51 AM Eastern Daylight Time

Video
Article thumbnail News Release

XLB Offers Diverse Exposure to Building, Chemical, and Industrial Companies

Select Sector SPDR

America could be entering a building boom once again. The chemicals, metals and mining, paper and forest products, containers and packaging, and construction materials needed during this boom are in strong demand. Exposure to these industries can be easily accessed by investors through the exchange-traded fund, Materials Select Sector SPDR Fund ( XLB ). XLB holds the industry leaders for these key businesses that drive the U.S. economy A common predecessor of an economic rebound is an increase in construction building permits, which is happening in the commercial and multifamily residential sectors. Residential single-family building is also coming back as interest rates stabilize, but at a slower pace than commercial and multifamily projects. The Department of Labor reported this month that construction spending has been increasing, and thus the demand for building materials, chemicals, and other products which XLB represents. While inflation persists and is coming down incrementally, the supply and demand equation works into XLB’s favor. The more demand there is, the more pricing power building materials can leverage. Exposure to the Industry Leaders XLB tracks a market-cap-weighted index of U.S. basic materials companies. The fund includes only components of the S&P 500. The ETF’s Index is primarily composed of companies involved in such industries as chemicals, construction materials, containers and packaging, metals and mining, and paper and forest products. XLB offers exposure to these companies dominant in their industries, some of which have been around more than 100 years. Company Weightings* Linde plc, the largest chemical producer in the world, is the top constituent at 19.30%* weighting, more than twice as big as the other holdings. Geographically concentrated funds can be volatile, but Linde operates throughout the world to mitigate some of those regional differences for building material needs. The other top holdings and their weightings are Air Products and Chemicals, Inc. (7.03%); Freeport McMoRan (6.45%); and Sherwin-Williams (5.84%). Another 25 companies are included in this index, all with smaller weightings. The Materials Sector SPDR fund, with over $6.5 billion in assets under management, is actively traded and carries a low expense ratio of 0.10%** per year, making it popular with many financial advisors and investors. A diversified portfolio could include XLB for easy access to this sector which includes chemicals, steel, timber, masonry, etc., used in all commercial and residential construction. The key is knowing where to see the sweet spots in the industry and XLB from Select Sector SPDR makes that easy and affordable for diversified investor portfolios, big and small. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. * Holdings, Weightings & Assets as of 3/31/23 subject to change ** Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. Contact Details Dan Dolan dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 07, 2023 01:27 PM Eastern Daylight Time

Article thumbnail News Release

Foresight Announced One-For-Thirty ADS Ratio Change

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, today announced that it plans to change the ratio of its American Depositary Shares (“ADSs”) to its Ordinary Shares (the “ADS Ratio”), no par value per share, from the current ADS Ratio of one (1) ADS to five (5) Ordinary Shares, to a new ADS Ratio of one (1) ADS to thirty (30) Ordinary Shares (the “ADS Ratio Change”). The Company anticipates that the ADS Ratio Change will be effective on or about April 21, 2023. There will be no change to the Company’s Ordinary Shares. The effect of the ADS Ratio Change on the ADS trading price on the Nasdaq Capital Market is expected to take place at the open of trading on April 21, 2023 (U.S. Eastern Time). Effective April 21, 2023, ADS holders of record in certified form will be required on a mandatory basis to surrender their ADSs to the depositary bank for the Company’s ADS program, The Bank of New York Mellon (the “Depositary Bank”), for cancellation and will receive one (1) new ADS in exchange for every six (6) existing ADSs then held in connection with the ADS Ratio Change, with further details to be provided in the notice by the Depositary Bank. Holders of uncertificated ADSs in the Direct Registration System (DRS) and in The Depository Trust Company (DTC) will have their ADSs automatically exchanged and need not take any action. The exchange of every six (6) then-held (existing) ADSs for one (1) new ADS will occur automatically, at the effective date, with the then-held ADSs being canceled and new ADSs being issued by the Depositary Bank. As of the effective date for the ADS Ratio Change, the Company’s ADSs will continue to be traded on the Nasdaq under the symbol “FRSX” with a new CUSIP Number. The Company will file a post-effective amendment to its registration statement on Form F-6 with the United States Securities and Exchange Commission to reflect the ADS Ratio Change. The ADS Ratio Change will not impact any shareholder’s percentage ownership of the Company or voting power. No fractional new ADSs will be issued in connection with the change in the ADS ratio. Instead, fractional entitlements to new ADSs will be aggregated and sold by the Depositary Bank and the net cash proceeds from the sale of the fractional ADS entitlements (after deduction of fees, taxes and expenses) will be distributed to the applicable ADS holders by the Depositary Bank. As a result of the change in the ADS Ratio, the ADS price is expected to increase proportionally, although the Company can give no assurance that the ADS price after the change in the ADS ratio will be equal to or greater than the ADS price on a proportionate basis. The Company believes that the change in the ADS Ratio will help the Company to maintain compliance with Nasdaq listing requirements. However, the Company can give no assurance that this goal will be achieved. 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 plan to implement ADS ratio change and the implications thereof including the potential increase of its ADS price as a result of the ADS Ratio Change, the timing thereof and the Company’s belief that the ADS Ratio Change will help to maintain compliance with Nasdaq listing requirements. 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 30, 2023, 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/

April 06, 2023 04:15 PM Eastern Daylight Time

Article thumbnail News Release

Accesso Technology Group says business is "back to normal"

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) (AIM:ACSO, OTC:LOQPF) CEO Steve Brown speaks to Proactive after releasing preliminary full year results for calendar year 2022. Brown says that Accesso's results for 2022 show that the leisure business is now "back to normal" following the Covid-19 pandemic, with "all the sectors we serve back to normal operating parameters and normal operation volumes." He also highlights Accesso's balance sheet, saying that the company continues to explore acquisition opportunities. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 06, 2023 09:51 AM Eastern Daylight Time

Video
Article thumbnail News Release

Nextech3D.AI’s Toggle 3D announces converting power of CAD to POLY now 10x file reduction

Nextech3D.AI

Nextech3D.AI chief product officer Dasha Vdovina joined Steve Darling from Proactive to share news the company has announced that Toggle3D has increased the converting power of its CAD to POLY importer by over 10 times, with the ability to now convert manufacturing files over 1,000mb. Vdovina told Proactive that with these new features, the company can now service much large enterprise clients asking for this solution. The software will now allow clients to use machine learning and computer vision tools to decrease a file by 95%. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

April 05, 2023 12:10 PM Eastern Daylight Time

Video
Article thumbnail News Release

ARway Corp unveils updated SDK 2.3, adding enhanced AI features

ARway

ARway head of product Shadnam Khan joined Steve Darling from Proactive to share news the company has announce the release of ARwayKit SDK Version 2.3. Khan tells Proactive the update enhances the AR experience for users' Video as spatial content in AR, Image Access Points, and Custom Branding Watermarking. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

April 05, 2023 12:03 PM Eastern Daylight Time

Video
Article thumbnail News Release

LightMetrics scales globally having improved fleet driver behaviors with intelligent video as it secures $8.5m funding round

LightMetrics

Commercial fleet owners are investing heavily in telematics data to improve road safety concerns, driver well-being and operational efficiencies. It's a marketplace worth $76B today and set to grow to $214B in the next 6 years. However, their insurance claims have been steadily increasing over the past 5 years. Aiming to rebalance this equation, video telematics business LightMetrics is today announcing a $8.5m funding round from Sequoia Capital India, to help telematics service providers adopt video telematics and help fleets become safer. LightMetrics helps telematics service providers (TSPs) by launching their own branded edge AI powered video telematics solution. Its flagship no-code video telematics platform RideView is widely considered the most impactful in the industry. It allows fleets to gain visibility into risky behaviors like distracted driving, tailgating, cell phone usage, overspeeding, stop sign violation, poor lane keeping and fatigue among several others. Intuitive workflows to retrieve videos, recognize good drivers and coach drivers helps fleet managers protect the fleet, improve driver engagement and reduce accidents. With fleets in different verticals and geographies having different needs, RideView offers a choice of dash cameras across price points and capabilities, all supported by the same backend thus creating an uniform user experience no matter the dash camera hardware used. Founded in 2015 by Nokia alumni Soumik Ukil, Ravi Shenoy, Mithun Uliyar, Gururaj Putraya, Pushkar Patwardhan and Krishna A.G, they came together to help make roads safer for everyone. They put their expertise to work in building efficient algorithms for computer vision technology, machine learning and AI by helping people “see how they drive” and coaching drivers to become safer. In 2022, LightMetrics expanded into new geographies and grew revenues 3x. Their technology is now deployed in over 2500 fleets across US, Canada, Mexico, Brazil, Australia, South Africa, Middle East and India. LightMetrics’ video telematics platform RideView’s success and popularity with telematics service providers can be attributed to the significant outcomes they have achieved for customers, including a drop in risky driving behaviors such as speeding and distracted driving by up to 80% and 70% respectively within just a few months of installation. Soumik Ukil, co-founder and CEO of LightMetrics commented: “Our growth and success comes down to the product - having built the preeminent video-based fleet safety platform globally. We will continue to invest deeply in building the most advanced and efficient edge AI, empowering our customer base to deliver this critical technology across the entire fleet ecosystem, and expanding our international footprint.” The video telematics market is forecast to grow from 10% in 2021 to 20% by 2026, at an impressive growth rate of 16.5% CAGR. “Two key factors are driving the growth of this market; a combination of market need and the technology trends coming together. Fleet owners are seeking a single integrated view of all their data to improve safety and operations. Conventionally, while telematics has focused on location tracking, routing, optimal utilization of assets, vehicle maintenance, remote diagnostics, etc., it is clear that the performance of the human driver is critical to running a profitable fleet. Advanced video telematics, enabled by the advances in connectivity, chipsets (computing on the edge) and AI, is the comprehensive solution” said Soumik Ukil. “Our approach, and the adoption of RideView, has created a win-win situation for everyone concerned. Fleets, the end user, benefit from improved safety, better driver engagement and lower insurance premiums. Our customers, the telematics service providers, are able to offer a holistic service to fleet owners with more comprehensive data and analytics around safety.” Ashish Agrawal, MD, Sequoia India commented: “Video telematics is the fastest growing segment of the telematics industry. LightMetrics’ ability to deploy advanced computer vision models on the edge, across a range of dash cameras, enables it to serve all vehicle types in this large market. At Sequoia Capital India, we expect advancements in AI to transform several industries and are excited to partner with LightMetrics on their quest to improve road safety.” “Investing in technology can also drive down insurance premiums for fleet owners. A granular understanding of driver behavior can help underwriting with better risk modeling, and ongoing driver coaching helps insurance carriers reduce loss over time. I am confident that video telematics can help insurance carriers significantly on claims, underwriting and loss control.” said Soumik Ukil. About LightMetrics Founded in 2015, LightMetrics is a video telematics technology business that exists to make roads safer for everyone, everywhere by helping mobility businesses become safer and more productive through a better understanding of driving behavior. LightMetrics works with telematics service providers to adopt video technology in their platforms and hardware to improve road safety outcomes and operational efficiencies. RideView by LightMetrics is their flagship no-code, end-to-end video telematics platform that includes edge AI and camera systems software, cloud backend, REST APIs, dashboards and apps. LightMetrics was recognized by Frost and Sullivan for having the most innovative AI dash camera in North America in 2022. The solution is globally deployed across the US, Canada, Mexico, Brazil, Australia, South Africa, Middle East and India. For more information please visit https://www.lightmetrics.co/ About Sequoia Capital India & Sequoia Capital Southeast Asia Sequoia helps daring founders build legendary companies, from idea to IPO to beyond. Sequoia Capital India and Sequoia Capital Southeast Asia actively partner with founders from a wide range of companies, across categories, including BYJUs, CRED, Druva, Five Star Finance, Freshworks, GoTo, Groww, Kopi Kenangan, Mamaearth, Pine Labs, Polygon, Razorpay, Truecaller, Zomato and more. We spur founders to push the boundaries of what's possible. In partnering with Sequoia, startups benefit from over 50 years of tribal knowledge and lessons learned working with companies like Airbnb, Alibaba, Apple, Dropbox, Google, LinkedIn and Stripe early on. From the beginning universities, endowments, and other non-profits have been the backbone of our investor base which means founders' accomplishments make a meaningful difference. For more information on Sequoia's work in India and Southeast Asia visit www.sequoiacap.com/India and www.sequoiacap.com/sea Contact Details LightMetrics Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.lightmetrics.co/

April 05, 2023 07:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

NCMA's Announces New Members to their National Committee

National Contract Management Association

The National Contract Management Association, the leading association dedicated to the advancement and expansion of the contract management profession, announced today the appointment of its new National Committee Members. The new members bring a wealth of experience and expertise in contract management which will further strengthen the association’s strategic direction and growth. "We are thrilled to welcome our new National Committee Members," said NCMA's incoming President, Denyce Carter. "Their extensive experience and diverse backgrounds will be invaluable to our community’s growth and success. We look forward to working closely with them to achieve our goals and provide the best possible education to our community." The National Committee members are seasoned professionals with impressive track records in their respective fields, and all graduates of the Contact Management Leadership Development Program (CMLDP). NCMA welcomes: Audra Charity, Sr. Contracts Administrator, Ball Aerospace & Technologies Corporation, Chapter: Rio Grande Jami Dinsmore, CPCM, Fellow, Sr. Manager Contract Operations, Policy, Training, and Audit at Ball Aerospace & Technologies Corporation, Chapter: Denver Sheralyn Fallon, CFCM, CPCM, Fellow, Sr. Manager of Subcontracts, Massachusetts Institute of Technology Lincoln Laboratory, Chapter: Boston Kerry Hall, Contract Manager, Leidos, Inc., Chapter: North Carolina Kameke Mitchell, Chief of Contracts for the Space Systems Command, Commercial Services Office, Chapter: Tysons Amanda Thompson, CFCM, Fellow, VP of Growth Services at JJR Solutions, Chapter: Dayton National Committees Members can make a lasting impact on NCMA. The Committees are made up of five groups including audit and risk, governance and ethics, member engagement, professional development and certification, and strategic planning. All who have served have played an instrumental role in helping to shape the associations’ strategy and direction. The National Contract Management Association (NCMA), a nonprofit organization founded in 1959 and is the world’s leading association in the field of contract management. With nearly 20,000 members, NCMA is dedicated to promoting excellence in the contract management profession through education, certification, and professional networking opportunities. NCMA strives to serve and inform the profession and industry it represents and to offer opportunities for the open exchange of ideas in neutral forums. To find out more, please visit www.ncmahq.org. Contact Details NCMA Holly DeHesa +1 281-865-3296 holly.dehesa@ncmahq.org Company Website https://www.ncmahq.org/

April 05, 2023 05:00 AM Eastern Daylight Time

Image
1 ... 293294295296297 ... 641