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Second Most Fatal Cancer In U.S. May Face A Big Fight From Mainz Biomed’s Non-Invasive Test; (NASDAQ: MYNZ) Is Making Early Detection Possible

Benzinga

By Faith Ashmore, Benzinga Colorectal cancer is the third most common cancer worldwid e, and the second most fatal. Although the majority of colorectal cancer cases have historically occurred in individuals aged 50 and older, it is increasingly affecting younger people. Alarming statistics reveal that new cases of colorectal cancer in individuals under the age of 50 have been steadily rising over the past few decades. Colorectal cancer is now the leading cause of cancer death for Americans between the ages of 20 and 59 years old according to the National Cancer Institute. However, younger adults are not routinely screened for colorectal cancer as it is still relatively uncommon in their age group. Determining the exact reasons for this uptick remains a challenge, although many experts believe this trend is being driven by a sedentary lifestyle, obesity, smoking, heavy alcohol use, low-fiber, high-fat diets or diets high in processed meats and other environmental factors. However, even without absolutely clear answers, regular screening is crucial to early detection followed by highly successful treatment of colorectal cancer. The CDC reports that colorectal cancer is the second most fatal cancer in the United States and Europe. However, it is also the most preventable, with early detection leading to survival rates above 90%. Given the rising incidence in young individuals and the majority's lack of regular screenings until later in life, accessible screenings are more important than ever. By providing efficient and convenient methods for early detection, healthcare professionals can make significant progress in combating colorectal cancer and ultimately save countless lives. Mainz Biomed (NASDAQ: MYNZ), a company that specializes in developing molecular genetic diagnostic solutions for life-threatening conditions, has created ColoAlert, an innovative product that addresses the need for easier and more accessible cancer screenings for quick detection and treatment of colorectal cancer. This non-invasive and user-friendly test aims to make colorectal cancer screening fast, simple and precise. The test is the first DNA-based screening test for colorectal cancer in Europe. ColoAlert has been recommended by the U.S. Preventive Services Task Force – stool DNA tests, such as ColoAlert, should be conducted once every three years, starting at age 45. Every year, 16.6 million colonoscopies are performed in the U.S. alone, and yet one-third of U.S. residents aged 50-75 have never been screened for colon cancer. Many times, fear of a colonoscopy contributes to populations avoiding the screening; ColoAlert is a non-invasive solution to the long-standing apprehension. Simply put, this innovative screening tool is not limited to younger ages. In fact, ColoAlert may have an annual market opportunity in excess of $4.0 Billion in the U.S. for testing populations aged 50 and above every three years. ColoAlert's unique genetic profiles allow for tailored treatment for each individual patient, leading to better health outcomes for patients with colorectal cancer. This revolutionary product is a major stride in combating colorectal cancer and has the potential to save countless lives. Mainz Biomed is quickly emerging as a strong contender in the diagnostic industry, putting renowned companies like Exact Sciences (NASDAQ: EXAS) and Geneoscopy Inc. on notice. While both Exact Sciences and Geneoscopy utilize DNA and RNA biomarkers respectively, Mainz Biomed is breaking new ground by revolutionizing the field with its cutting-edge evaluation of groundbreaking patent-pending mRNA biomarkers. This is evident by the company's ColoAlert® recent success in the market. The revenues generated by ColoAlert® in the first half of 2023 surged by an impressive 108% when compared to the same period in 2022. This remarkable growth further solidifies Mainz Biomed's position in the industry and showcases its ability to develop groundbreaking products that meet the needs of healthcare professionals and patients alike. With its pioneering approach and revenue growth over H1 this year, Mainz Biomed seems poised to disrupt the market and establish itself as a trusted and innovative provider of molecular genetic diagnostic solutions. Their commitment to pushing the boundaries of diagnostic technology and growth trajectory seems to be making them a force to be reckoned with in the industry, setting them apart from their competitors. 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

August 30, 2023 09:15 AM Eastern Daylight Time

AI for good: Voxel AI tech is saving industrial workers’ lives as it increases funding to $30m with strategic funding round

Voxel

Every year over 340m workers suffer a workplace injury: slips and falls, strains and sprains, vehicle collisions and crashes. Voxel, an AI startup using computer vision to transform safety and operations in the workplace, is today announcing a $12m strategic funding round to improve workplace safety and save lives. The strategic funding round was led by global manufacturing industry leader Rite-Hite with participation from existing investors Eclipse Ventures and World Innovation Lab. This takes total funds raised to $30m since 2020. In the US, manufacturing, logistics, and physical operations are the lifeblood of the economy, with over 25 million individuals at the frontlines, contributing to 40% of the nation’s GDP. However, with massive output comes the persistent challenge of workplace injuries and operational inefficiencies. Now, artificial intelligence is revolutionizing the field of environment, health and safety (EHS) in industrial operations. Voxel integrates state-of-the-art computer vision technology into existing security cameras to identify hazards, risky behaviors, and operational inefficiencies across a diverse range of workplaces. Once potential risks, such as near-miss vehicle collisions, blocked exits, improper ergonomics,or spills, are identified, a real-time alert is sent to on-site personnel who can take immediate action, and Voxel's analytics help sites identify operational inefficiencies and design policies to prevent future issues. These proactive measures allow businesses to significantly reduce worker’s compensation and general liability costs, while improving their operations. In order to protect workers’ privacy, Voxel’s AI ethics policy means that no facial recognition or identification of individuals is permitted in their systems. Voxel provides its customers with resources for ethically and responsibly implementing AI in the workplace crafted after years of experience developing AI for America’s industrial leaders. Voxel has had a transformative impact for their strategic partners’ operations, reporting up to an 80% reduction in workplace injuries and substantially improving operational efficiency. Fortune 500 firms like Michael’s, Dollar Tree, Clorox, PPG Industries, Office Depot, and many others are already seeing the benefits of Voxel’s platform. Alex Senemar, CEO and co-founder of Voxel commented: “AI is saving lives. We’ve proven that our technology has made great strides toward reducing injuries and saving lives. Our approach is going to create worksites where employers don't have to bargain between meeting safety standards and meeting their productivity goals. The future of work is not just about doing more, but doing it safer in an environment fit for purpose”. Voxel business highlights (since series A funding round, April 2022) The team has grown from 10 people to over 50 employees, who have joined from established industry firms Samsara and Verkada to big tech Google, Apple, and Uber Featured in the Fast Company magazine Most Innovative Companies list Best B2B Tech Tool of 2023 by Products That Count. Voxel’s team is led by CEO Alex Senemar, who previously co-founded Sherbit, an AI-powered remote health monitoring system for hospitals (acquired in 2018) as well as co-founders, CTO Anurag Kanungo, who co-founded Sherbit with Senemar, and led the Machine Learning Systems Team at Uber’s Self Driving Unit; Harishma Dayanidhi, who developed self-driving car technology at Uber and Aurora; and Troy Carlson, former software engineer at Google. About Voxel Voxel uses artificial intelligence to enable security cameras to automatically identify potential workplace hazards, high-risk activities, and operational inefficiencies, allowing on-site personnel to address concerns in real-time. The platform keeps workers safe, while helping companies significantly reduce overhead costs from general liability, worker's compensation, and property claims. Voxel software is transforming operations in warehousing, manufacturing, retail, transportation, construction, and oil & gas. A demo is available upon request. For more information, visit https://www.voxelai.com/ About Rite-Hite Rite-Hite is a world leader in the manufacture, sale, and service of loading dock equipment, industrial doors, safety barriers, HVLS fans, industrial curtain walls, and more - all designed to improve safety, security, productivity, energy savings, and environmental control. Watch Rite-Hite's Always Looking Ahead video to learn more. About Eclipse Ventures With over $2 billion in assets under management, 70 portfolio companies, and a team of investors with deep expertise in technology, manufacturing, supply chain, logistics, healthcare, and consumer products, Eclipse is one of the US’ leading venture capital organizations. Its leadership team has the experience necessary to create and scale complex operations – with partners coming from industry giants, such as Flextronics, Tesla, Apple, Samsara, Intel, and GE. Eclipse partners with entrepreneurs boldly transforming the essential industries that define and propel economies. For more information, visit www.eclipse.vc. Contact Details Voxel Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.voxelai.com/

August 30, 2023 07:00 AM Eastern Daylight Time

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FTN Network Announces Multi-Year Contract with Football Data Giant Aaron Schatz

FTN Network

FTN Network, a company built for delivering affordable, customizable, and highly detailed and advanced NFL data for betting, season-long fantasy, and daily fantasy, announced today that it has signed industry-leading football data analyst and DVOA creator Aaron Schatz to a multi-year contract and named him Chief Analytics Officer. On the heels of his decision to partner with FTN for the release of his industry-leading Football Almanac, Schatz joins FTN after leaving Football Outsiders, which he created in 2003. FTN Network will now feature Schatz’s DVOA, a unique statistical method of evaluating football teams, units or players, and all of Schatz’s football-related content. Football lovers will be able to find Schatz’s insights on FTN Bets, FTN Daily and FTN Fantasy. FTN Bets subscribers will see DVOA (Defense-Adjusted Value Over Average) and other impactful stats such as adjusted line yards incorporated into its NFL Model, while FTN Daily customers will have access to DVOA vs specific defenders. Its daily fantasy player projections and rankings will also incorporate Schatz’s extensive data. FTN Fantasy will have DVOA, Defense-adjusted Yards Above Replacement (DYAR) and many other stats unique to Schatz’s analytics available to its subscribers. Lastly, DVOA will also be integrated into FTN Data’s business-to-business offering for 2024. This will be the first time Schatz’s unique NFL Data is available directly to other businesses. “Adding Aaron as Chief Analytics Officer for the long term and as a voice in the FTN community was of utmost importance to us,” said FTN Network CEO Kevin Adams. “The day we launched the 2023 FTN Football Almanac, the site almost crashed and we had to upgrade our server capacity fourfold, showcasing the literal impact Aaron’s talents have made on our site already. Aaron is the best of the best, and we’re incredibly proud to be able to offer Aaron and his data and insights to our community, and continue to provide the best leg up when it comes to fantasy and betting.” In addition to his written work, Aaron will also co-host a bi-weekly podcast with NFL writer Mike Tanier on the FTN Podcast Network entitled “The Schatz & Tanier NFL Podcast.” Schatz will also run a premium Discord channel where he will field questions directly from FTN subscribers. “I have been incredibly impressed with FTN since our first meeting for the 2023 Football Almanac,” Schatz said. “The resources and support that I have received since I started working with FTN have not only been a natural fit, but have made the adjustment to my new environment almost seamless. Because of the flexibility and depth of FTN’s data, I’ve been able to prepare for the upcoming football season without skipping a beat. I’m looking forward to creating more engaging content for the FTN community over the next few years.” Schatz’s resume also includes writing for ESPN.com and ESPN The Magazine, and appearances as a regular panelist on ESPN 2’s Numbers Never Lie, among other accomplishments. He has spoken at numerous conferences including the MIT Sloan Conference and he has written for many esteemed publications including The New York Times, The Boston Globe and Slate. Aaron Schatz's FTN Football Almanac 2023 is still available for purchase, and is available in digital and paperback versions. About FTN Network FTN Network is a sports data B2B and fantasy sports and betting media B2C company. Founded in 2020, FTN gives the fantasy and sports betting community an edge through its own unique ecosystem, providing customizable tools that turn raw data into true insights while also offering expert analysis and content to help users make the best decision possible. FTN Network consists of FTN Fantasy (the home of fantasy football), FTN Daily (the home of daily fantasy sports), FTN Bets (the home of sports betting insights) and FTN Data (the home of NFL data). Contact Details Sterling A. Randle +1 801-319-6153 srandle@hotpaperlantern.com

August 29, 2023 10:01 AM Eastern Daylight Time

FNIH and PathAI Forge Partnership to Advance Mucosal Healing in Ulcerative Colitis Research

PathAI

PathAI, a leading provider of AI-powered pathology tools to advance precision medicine, is pleased to announce that the Foundation for the National Institute of Health's (FNIH) Biomarkers Consortium - Mucosal Healing in Ulcerative Colitis project team has selected PathAI to be its technology partner to further the study of mucosal healing, bring AI-assisted precision to disease assessment, and drive cutting-edge research to facilitate the development of new therapies for ulcerative colitis (UC), a disease affecting 1 to 2 million in the US alone. 1, 2 “Ulcerative colitis is an increasingly prevalent chronic disease. The lack of standardized measurement and definition of mucosal healing poses a significant challenge for UC drug development, limiting treatment options for patients,” said James O’Leary, Director, Inflammation and Immunity at the FNIH. Though nearly 200 active clinical trials support on-going development of new treatments and therapies, 3 no standard histological measure exists. “Through this collaborative project with PathAI, together we aim to establish a reproducible methodology for histological measurement of mucosal healing in UC treatment.” PathAI’s groundbreaking AI product, AIM-HI UC (AI-based Measurement of Histological Index for Ulcerative Colitis), will serve as the exclusive platform for automated Geboes-based disease assessment for the consortium. This innovative approach will provide invaluable insights into mucosal healing, enabling better capture of true drug effect/signal-to-noise ratio for UC treatments. Furthermore, this partnership holds the potential to fuel biomarker development by unraveling the inflammatory microenvironment of ulcerative colitis. The FNIH Biomarkers Consortium brings together eight prominent biopharmaceutical companies, two prominent disease area foundations, academic partners, and the FDA in an unprecedented effort to standardize and enhance disease assessment in the field of ulcerative colitis. By selecting PathAI as its technology partner, the consortium aims to leverage PathAI’s expertise in AI algorithms to achieve a more accurate and reproducible scoring of mucosal healing and provide improved prediction of long-term patient outcomes. The project will culminate in a common protocol and white paper that will be submitted to the FDA to influence regulatory guidance for future UC clinical trials. "PathAI's algorithms will elevate our ability to investigate novel relationships, signatures, and biomarkers in UC" said Andy Beck, CEO of PathAI. "By embracing an AI-driven standardized approach, we increase accuracy and reduce scoring variability for therapeutic response assessment. We are excited to be part of this groundbreaking project, with the ultimate goal of accurately predicting long-term patient outcomes and driving industry-wide consensus." One distinguishing feature of AIM-HI UC is that it is built on exhaustive WSI tissue segmentation and cell classification models, providing a quantitative and objective basis for a normally subjective assessment. Compared to traditional pathologist scoring, AIM-HI UC has demonstrated higher accuracy in measuring critical Geboes metrics essential to histological healing, including GS2A, GS2B, and GS3. AIM-HI UC is intended for research use only, not for use in diagnostic procedures, serving as a secondary and/or exploratory endpoint in clinical trials. It enables the identification of histologic remission (GS<2) and histologic improvement (GS≤3.1). Additionally, it facilitates translational research and retrospective deployment. To learn more about AIM-HI UC and the underlying algorithm driving this groundbreaking research, please visit www.pathai.com/aim-hiuc or contact PathAI. Footnotes 1 https://www.mayoclinic.org/diseases-conditions/ulcerative-colitis/multimedia/vid-20522485 2 https://www.asge.org/home/for-patients/patient-information/understanding-ulcerative-colitis 3 https://www.clinicaltrials.gov About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and diagnostic use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of patient samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to have a team of 600+ innovative thinkers from around the globe. For more information, please visit www.pathai.com. About FNIH The Foundation for the National Institute of Health (FNIH) is a non-profit organization that provides critical support to the National Institutes of Health (NIH). FNIH works to advance biomedical research by fostering public-private partnerships and collaborations that accelerate the development of new treatments and therapies. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

August 29, 2023 10:00 AM Eastern Daylight Time

Velocity Global Expands Leadership to Drive Strategy Execution and Customer Success

Velocity Global

Velocity Global, the world’s expert on work, today announced the appointment of Susan McDonough as Chief Transformation Officer and Frank Lucier as Chief Customer Success Officer, effective August 28th and September 5th, respectively. In her role, Susan will manage and execute on Velocity Global’s long-term strategy and vision, driving key initiatives and leading a cross-functional team to make operational scale a reality. In his role, Frank will drive an even greater focus and emphasis on our customer journey. “As our industry matures and Velocity Global enters its next stage of growth, Susan and Frank will be a critical part of our leadership team. Their impressive and proven track record of transforming companies and creating meaningful customer journeys during crucial stages of development will allow us to achieve a sustainable and scalable growth strategy,” said Frank Calderoni, CEO at Velocity Global. Susan most recently led the Enterprise Transformation Office at global HR leader, Workday. Prior to that, she spent nearly two decades leading growth and driving scale at Cisco in roles spanning Customer Experience, Operations, Corporate Development and Finance. She is widely regarded as a transformation pioneer for her ability to translate strategy into operational execution. She joins Velocity Global at a pivotal point in the company’s trajectory as it scales across customer success, product innovation, and operational excellence. “I am passionate about creating high-performing teams that are driven to collaborate, innovate, and exceed customer expectations,” said Susan McDonough, Chief Transformation Officer at Velocity Global. “Joining a company that is laser-focused on making opportunity borderless for people everywhere caught my interest immediately and I am excited to execute on this important vision. I look forward to driving measurable growth and scale across all functions of the company, with the success of our customers in mind.” Frank has nearly 20 years of leadership experience in customer-centric technology and is an expert in prioritizing the customer journey that is holistic, impactful, and goes beyond metrics. He has previously held leadership roles at SAP Concur, ServiceSource, and iSpot.TV enhancing the customer experience and driving retention and business growth. “Velocity Global has built an impressive business helping companies scale and grow to reach new heights. Joining at this stage in their trajectory is an incredible opportunity and I look forward to ensuring every customer optimizes the value of working with us,” said Frank Lucier, Chief Customer Success Officer at Velocity Global. “My passion is to build teams that focus on helping customers achieve their business goals with measurable results. I’m excited to execute this strategy with the team to bring a world class experience to our customers." Susan and Frank’s announcements come shortly after the appointment of Ann-Christel Graham, who joined the company last month as its Chief Revenue Officer. Ann-Christel and Chief People Officer, Linda Lee, were both brought on by CEO Frank Calderoni, who took on the role in April. The company also recently launched a rebranding effort to more accurately represent its next phase of growth and scale. For more information on how Velocity Global makes opportunity borderless for people everywhere, visit www.velocityglobal.com. About Velocity Global Velocity Global gives you the power to build your team everywhere—combining seamless technology and local expertise in 185+ countries. We make it simple to compliantly hire, pay, and manage talent anywhere. With Velocity Global, the world is yours. Start hiring across borders at VelocityGlobal.com. Contact Details Media Contact press@velocityglobal.com Company Website https://velocityglobal.com/

August 29, 2023 08:00 AM Mountain Daylight Time

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NAVEX Announces 12th Annual NAVEX Next 2023 Virtual Conference Featuring Keynote by Dr. Rumman Chowdhury on Ethical AI

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced its twelfth annual NAVEX Next virtual risk and compliance conference, scheduled for Wednesday, September 20, 2023. This year’s keynote will feature Dr. Rumman Chowdhury, a Responsible AI Fellow at the Berkman Klein Center for Internet & Society at Harvard University. NAVEX Next is the largest risk and compliance conference in the world, attracting thousands of professionals in 2022. It brings together practical guidance and best practices for industry professionals across disciplines and departments including risk management, compliance, legal, human resources, audit, information security, procurement, ESG program management, and corporate training. NAVEX Next 2023 features 18 global sessions on workplace culture, whistleblowing, business risk, third-party/supply chain risk management, corporate responsibility, sustainability, and integrated risk management. Dr. Rumman Chowdhury will join NAVEX CEO, Sean Thompson, to present ‘Ethical AI – What Does the Future of Artificial Intelligence Hold?’ The importance of ethical frameworks is more central than ever as organizations explore new ways to leverage this transformative technology. With the right approach, AI-enabled insights can empower organizations to build ethical cultures and comply with regulations across the globe. Featured speaker Alla Valente, Senior Analyst at Forrester, will share survey findings on how an integrated model of GRC management enables organizations to take siloed data and turn it into actionable business intelligence. This year, the conference will also showcase Desiree Fixler, ESG and sustainability advocate for change. Her keynote session will discuss how to shape a sustainable future, ‘Unmasking Greenwashing and Empowering Change through Whistleblowing.’ The NAVEX agenda will offer key insights into three themes critical to compliance professionals today: risk resilience, accelerating maturity, and compelling compliance. Sessions include: The Key Biggest Regulatory Risks for Businesses to Navigate in 2024 Human Rights Impact and Supply Chain Due Diligence The State of Compliance Programs and Whistleblowing in Europe Creating an Enterprise-Level Program for small-to-medium businesses Compliance Made Easy: Using Automation, AI, and Seamless Integrations Dedicated to continuous learning and professional development for the global risk and compliance community, the NAVEX Next virtual conference is free of charge and open to anyone interested in expanding their knowledge and enhancing their organization’s risk and compliance programs. Click here to register and to access the full agenda and profiles of all scheduled speakers. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Anita Lo +44 7778 754858 anita.lo@navex.com Company Website https://www.navex.com

August 29, 2023 08:00 AM Eastern Daylight Time

OPPO Next-gen Foldable Smartphone Coming Soon to Global Markets

OPPO

OPPO Find N3 Flip launched in China, coming soon to global markets Find N3 Flip to set a higher standard for flip phones SHANGHAI, CHINA - Media OutReach - 29 August 2023 - OPPO, the world's leading smart device brand has announced a new gold standard for flip phones, with full details of Find N3 Flip's availability and highlights to be revealed at OPPO's upcoming global launch event. "For Find N2 Flip, we created the best flip phone possible, and now Find N2 Flip is the number one foldable in China. We couldn't be more proud. For Find N3 Flip, we're bringing upgrades across the board – elevated styling, an improved cover screen experience, and a game-changing flip phone camera – simply put, expect the exquisite from Find N3 Flip." Pete Lau, SVP and Chief Product Officer at OPPO. Finally, the wait for a flip phone with a flagship camera system is over. Overhauled and upgraded, Find N3 Flip breaks through size and space limitations, combining world-class hardware, OPPO's powerful imaging engine, and iconic Hasselblad experiences. Upgraded with a more intuitive and powerful cover screen, refined, elegant styling, long-lasting battery life, and so much more, Find N3 Flip rewrites the flip phone rulebook, cutting back on compromises, not camera performance. Stay tuned to find out more about OPPO's next-gen foldable at the upcoming global launch. 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. Contact Details Media Contact press@oppo.com Company Website https://oppo.com/en/proposal/

August 29, 2023 04:23 AM Eastern Daylight Time

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Cloud Tech ETF soars 32% year-to-date. Managing Director Anthony Ginsberg reveals global cloud boom

HANetf

HAN-GINS ETF managing director Anthony Ginsberg joined Steve Darling from Proactive to discuss the Cloud Tech ETF's impressive performance in a recent interview. The Cloud Tech ETF has gained over 32% year-to-date and about 20% over the past year, driven by its diversified portfolio of cloud holdings. Unlike other players focused solely on the US, this ETF maintains a global approach with 15% of its weightage in Asia. The convergence of AI and cloud technology has significantly contributed to its success, with players like Palo Alto Networks and video streaming platforms benefiting. Notably, the Microsoft-Activision acquisition is also seen as a cloud play. The ETF features 100 holdings that are equally weighted and rebalanced every six months, ensuring comprehensive coverage of the cloud ecosystem. Ginsberg attributed the rise in cloud adoption to a recessionary environment that has led to outsourcing of servers and reduced IT staff. He projected cloud spending to reach 50% of all IT enterprise spending by next year and an additional trillion dollars in cloud expenditure by 2026. Cloud services offer cost savings and facilitate remote work and cybersecurity. Asia, particularly in gaming, is a major contributor to cloud usage. The ETF's unique design encompasses infrastructure, software as a service, and platforms as a service, capturing the entire cloud ecosystem. Ginsberg expects the cloud market to double in size within three years, especially as more enterprises transition to outsourcing. The flexibility of multi-cloud platforms is facilitating data sharing across regions and industries. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 28, 2023 02:02 PM Eastern Daylight Time

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Tech megatrend success: HAN-Gins Index fund managing director shares strategies for over 45% growth

HANetf

Anthony Ginsberg, managing director of the HAN-GINS Megatrend ETF, joined Steve Darling from Proactive to discuss the success of their tech Megatrend ETF. The fund, with a 45% surge this year and 20% year-over-year growth, capitalizes on the Fourth Industrial Revolution. Distinguished by its diversified approach, the ETF encompasses AI, robotics, cybersecurity, cloud, and electric vehicles, standing apart from standard tech funds. Unlike NASDAQ, the ETF maintains a global benchmark, with the US accounting for only 58-59%, promoting broader diversification. Ginsberg emphasized the equal-weighted structure of the fund, rotating profits every six months across its eight subthemes. This approach differentiates the Megatrend ETF from NASDAQ's heavily weighted allocation to large-cap stocks like the FAANGs. Ginsberg noted the emphasis on Asia, with over 20% exposure, compared to 10% in the US. Tech's transformative role was highlighted, driven by AI's projected quadrupling in expenditure to $2.5 trillion, influencing cloud and cybersecurity domains. Ginsberg also acknowledged the impact of remote work and key acquisitions, such as Microsoft's $75 billion Activision deal. Overall, this strategy leverages the tech megatrend's global scope and diversified portfolio to achieve notable returns. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 28, 2023 01:53 PM Eastern Daylight Time

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