Technology

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

This Japanese Tech Company Just Boosted Its Capabilities As It Expands Into The US Market

HeartCore Enterprises

Learn More about HeartCore Enterprises, Inc. by gaining access to the latest research report Technology solutions company HeartCore Enterprises Inc. (NASDAQ: HTCR) recently agreed to acquire a majority stake in information technology (IT) solutions provider Sigmaways. An aspiring leader in its industry, HeartCore offers software-as-a-service (SaaS) technology solutions to businesses, primarily through its platform that facilitates marketing, sales and customer service. Under the terms of the agreement, HeartCore will acquire a 51% share in California-based Sigmaways in an effort to expand its offerings — particularly in the United States. HeartCore will most likely integrate Sigmaways as its software solutions provider with the goal of improving customer experience and satisfaction. The deal is expected to reduce HeartCore’s outsourcing costs, as the company will now be able to use Sigmaways’s in-house IT specialists. Both companies anticipate an expansion in their customer bases through upselling and cross-selling to their complementary markets. HeartCore says it was drawn to acquiring Sigmaways because of the company’s similar workplace philosophy and ethos. Both companies pride themselves on premier customer service. This acquisition represents what HeartCore hopes will be its strong entry into the U.S. market. HeartCore also collaborates with International Business Machines Corp. (NYSE: IBM), distributing its myInvenio mining process technology in Japan. The vertical integration of technology services gained through acquiring Sigmaways will allow HeartCore to enter the same markets as Seattle-based software engineering companies like Qualtrics International Inc. (NASDAQ: XM) and Infobird Co. Ltd. (NASDAQ: IFBD). At The Heart Of An Industry “Sigmaways is a well-respected organization that has successfully proven its ability to utilize technology to help customers reach their business goals, which is on brand with our corporate philosophy and culture,” HeartCore CEO Sumitaka Kanno Yamamoto said. “Our team is thrilled to continue its work at the intersection of machine learning, language and sales, and we look forward to the closing of this acquisition, as we intend to fully capitalize on all the synergies hand in hand with the Sigmaways team.” Sigmaways Founder and CEO Prakash Sadasivam said, “Our deep expertise as a system integrator in product engineering and technology solutions has helped clients turn IT into strategic assets through our digital advisory services. This collaboration will bring a network of IT professionals to clients across multiple industries.” HeartCore recently closed an initial public offering in the U.S. at $15 million. As the industry continues to grow, with its compound annual growth rate (CAGR) predicted to be 11.3% per year, HeartCore hopes to become a leader in the field. Meanwhile, Sigmaways generated almost $9 million in revenue in 2021. Learn more about HeartCore at its website. Learn more about Sigmaways at its website. Headquartered in Tokyo, Japan, HeartCore Enterprises, Inc. is a leading software development company offering Software as a Service (SaaS) solutions to enterprise customers in Japan and worldwide. The Company also provides data analytics to create tailored web experiences for their enterprise clients. HeartCore’s customer experience management platform (CXM Platform) includes marketing, sales, service, and content management systems, as well as other tools and integrations, which enable companies to enhance the customer experience and drive engagement. HeartCore also operates a digital transformation business that provides customers with robotics process automation, process mining, and task mining to accelerate the digital transformation of enterprises. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details TraDigital IR - Malaika Temu malaika@tradigitalir.com Company Website https://heartcore-enterprises.com/

September 21, 2022 02:08 PM Eastern Daylight Time

Synthetic speech startup Murf AI raises $10Mn Series A to help your words find a voice

Murf

Murf AI, a fast-growing synthetic speech technology startup that is transforming the way voiceovers are created, is today announcing a $10M Series A funding round led by Matrix Partners India with participation from existing investor Elevation Capital, as well as prominent angel investors such as Ajay Arora - SVP Product, Disney Streaming, Ankit Bhati - Founder, Ola, Ashwini Asokan - Founder, Mad Street Den, Pushkar Mukewar - Founder, Drip Capital and Yamini Bhat - Founder, Vymo. Murf plans to use these funds to drive further product innovation, accelerate R&D, and scale its presence in focused geographies. Founded in October 2020 by IIT-Kharagpur class mates Sneha Roy, Ankur Edkie, and Divyanshu Pandey, Murf provides an AI-enabled SaaS tool that allows users to generate “human-like” voice overs for videos and presentations—without the need for complex recording equipment or hiring a voice artist. In May of 2021, the company raised a $1.5M Seed funding round led by Elevation Capital and a few angel investors which helped them recruit talent, invest in product innovation, and user acquisition. Since then, Murf has grown 22x in ARR and synthesised 1 million+ voice over projects. According to market reports, the global text to speech market is expected to reach $7.06B by 2028, growing at a 14.7% CAGR. In addition, the voiceover and the dubbing market is predicted to generate a total of $8B annually by 2027. Tapping into this unparalleled opportunity, Murf aims to make high-quality voice overs accessible to all by placing a simple yet powerful online voice studio in the hands of every content creator. From conversational to aspirational, casual to authoritative, excited to sad, cheerful to angry, Murf’s AI voices can simulate a variety of speaking styles and tones. The firm has a high-quality AI voice for every use case, including eLearning, advertising, podcasting, L&D, and audiobooks. While text to speech has been around for years, limitations in quality restricted the usage of the technology to primarily IVR and chat bots. Recent advances in AI and deep learning have however made it possible to build synthetic voices that mimic the natural prosody and pronunciation of human speech. Murf’s AI engine has been trained on hours of actual human speech to produce high-fidelity synthetic AI voices that mimic the nuances and subtleties, including the likeness, style, and uniqueness of the human voice. The 120+ human-parity AI voices offered by Murf Studio across 20+ languages are rich with emotion and intonation. The startup is also working towards bridging the diversity gap that exists in traditional text to speech platforms by ensuring the inclusion of voices across varied accents like African American, British, and Australian English. “Synthetic media is poised to become omnipresent in the near future and voice is at the core of it. At Murf, we continue to make advances in our speech technology to bring the diverse abilities of talented voice actors at our customers’ fingertips through AI. This Series A investment would further bolster our commitment towards simplifying and scaling voiceovers,” said Ankur Edkie, Co-Founder and CEO, Murf AI. Akin to the human brain, Murf’s AI-powered TTS can track and learn from a vast amount of contextual information to return a relevant response. Serving as an all-in-one voice solution, its simple-to-use AI voice generator enables users to add images, videos, and background music and sync the voiceover with the visuals and music. The platform also offers key features for smart pronunciations using IPA, voice customizations that enable users to change pitch, pause, emphasis, and speed, and ability to clone a voice. "AI-driven, life-like voiceovers are the next frontier in the text to speech market. Murf, with their stellar founding team and unique IP, is perfectly poised to gain a leadership position in this space. Their execution prowess and tech-first focus is evident in the solid traction and growth that they've demonstrated so far. We are really excited to double down on our partnership with Murf.", commented Mukul Arora, Co Managing Partner, Elevation Capital. “We’re big believers that AI will reinvent every market and Murf is reinventing a multi-billion dollar category with their AI-voiceover technology. Creating voiceovers is hard, and Murf’s unique IP makes it easy for every individual to create emotional and theatrical voices—faster, better, and cheaper. With phenomenal customer love and international traction, Murf is an early category leader and we’re excited to partner with Ankur, Sneha, and Divyanshu on their next phase of growth,” commented Pranay Desai, Principal, Matrix India. About Murf AI Murf helps businesses simplify the process of creating natural-sounding voiceovers using AI. The firm’s AI-powered Saas tool enables users to create lifelike voices for their content in a matter of minutes. From L&D, educators, authors, and podcasters to animators, product developers, YouTubers, freelancers, and corporate coaches, the platform has a voice for every creator across all industries. Murf’s curated voice library of 120+ realistic sounding AI voices in 20+ languages, is ideal for those on a tight budget who want to create voiceovers at scale. Murf’s geographic footprint spans worldwide, with 80 percent of its customers coming in from the US, Canada, and EU regions. For more information please visit https://murf.ai/ About Elevation Capital Elevation Capital is a leading venture capital firm which provides seed and early stage capital for emerging companies in India. Elevation Capital has been investing in India since 2002 deploying almost $2 billion of capital in over 150 companies. The firm announced its eighth pool of capital of $670 million in April 2022. The firm is led by Co-Managing Partners Ravi Adusumalli and Mukul Arora, along with three Managing Directors Mridul Arora, Deepak Gaur and Mayank Khanduja. The firm has invested in over 150 companies across Consumer Internet, SaaS, Fintech, Consumer Brands, Edtech, Healthtech and Web3/Crypto, and has offices in Bengaluru, Gurgaon and Salt Lake City. About Matrix Partners India Founded in 2006, the firm invests in Indian companies targeting the consumer and enterprise market at seed, early, and early growth stages. Matrix India has invested in several market-leading companies such as Ola (mobility), Dailyhunt (mobile local language platform), Razorpay (payments), OfBusiness (B2B Commerce, fintech), Five Star Business Finance (SME lending), Ola Electric (electric vehicles), DealShare (social commerce platform), Stanza Living (tech-enabled student housing platform), OneCard (mobile-first credit card), Country Delight (D2C dairy & fresh foods brand), GoKwik (e-commerce enablement platform), Captain Fresh (seafood marketplace), Bijnis (B2B platform for factories), MoEngage (intelligent marketing cloud platform), Superops (MSP software), Zupee (skill-based gaming app), Rocketlane (customer onboarding software), 100ms (live video infrastucture startup) and Itilite (corporate travel SaaS platform) among others. Matrix India has advisory offices in Bangalore, Delhi, and Mumbai. Further information is available at www.matrixpartners.in. To know more about our investment philosophy & ideologies, check out the #MatrixMoments podcast. Contact Details Murf Ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://murf.ai/

September 21, 2022 12:10 PM Eastern Daylight Time

Image

Shareholder Group Recommends Nominee for ExxonMobil Board Who Supports Fossil Fuel Extraction

National Legal & Policy Center

As the Securities and Exchange Commission enters the first month under a new rule that eases proxy access for shareholders’ corporate director nominations, National Legal and Policy Center is announcing its first recommendation for a seat on a corporate board. The government and corporate ethics watchdog, which owns shares in dozens of major companies, has proposed the nomination of Donald van der Vaart to the board of the Exxon Mobil Corporation. NLPC delivered its recommendation to the multinational energy giant in mid-August, detailing Dr. van der Vaart’s outstanding qualifications in a five-page letter to the company’s Board Affairs Committee. Should the three-member panel vote favorably for him, his candidacy would be in the hands of the full board, which would then decide whether to endorse Dr. van der Vaart for a shareholder vote at the 2023 Annual Meeting. “Don van der Vaart’s professional accomplishments and experience meet all the criteria articulated by Exxon’s board for what they seek in directors,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “He is an eminently qualified scientist, engineer and lawyer. His candidacy should be a no-brainer.” Dr. van der Vaart is the former Secretary for the Department of Environmental Quality for the State of North Carolina, serving in that role from 2015 to 2017. He rose to that position after serving in several roles under various permutations of the agency through multiple gubernatorial administrations, starting in 1993 – with a brief two-year detour to serve in environmental compliance in the mid-1990s for a large investor-owned utility in the Tar Heel State. He currently is Chief Administrative Law Judge and Director of the Office of Administrative Hearings for North Carolina. Dr. van der Vaart holds a Ph.D in chemical engineering from the University of Cambridge in England, and a law degree from the North Carolina Central University School of Law. “Don checks all the boxes for desired qualities in an Exxon board member: He’s a scientist, a lawyer, a top judge, a former energy and environment regulator, a leader, and a manager of large administrative agencies,” Chesser added. “The company has no one like him, with his deep and broad expertise, that can advise on the many areas of policy and operations where it is involved.” Dr. van der Vaart was also North Carolina’s Energy Policy Director, and served on the EPA’s Scientific Advisory Board. A principled and practical environmentalist, he has written articles that address pollution from solar panels and from electric vehicles; Russian collusion with environmental groups to protect its natural gas industry; and the risks of ESG investment priorities for pensioners. He recognizes the need for responsible fossil fuel development to sustain and expand the economic flourishing of the human race, while protecting the environment and its resources. NLPC’s board recommendation comes just as the SEC implemented a new rule on Sept. 1 that dramatically eases the process by which shareholders can nominate candidates for corporate boards on proxy voting cards. This would hypothetically increase activity at annual meetings in which slates of director nominees are proposed by shareholders, in competition with companies’ recommended candidates. NLPC, with its proposal of Dr. van der Vaart, seeks to have him placed on the proxy card with the endorsement of Exxon’s board of directors. NLPC sponsored shareholder resolutions at more than two dozen annual meetings during the most recent proxy season, which ended in the spring. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Contact Details Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

September 21, 2022 11:30 AM Eastern Daylight Time

Axiom Consulting Partners Rebrands as Lotis Blue Consulting

Lotis Blue Consulting

Lotis Blue Consulting, formerly known as Axiom Consulting Partners, is pleased to announce that it has undergone a comprehensive rebranding to better reflect the firm’s identity 17 years after it was founded. As part of an extensive review of its existing brand and value proposition, the firm reached out to clients, firm leadership, and colleagues to obtain perspectives on what they find distinctive and valuable about the firm’s people, approach, differentiators, and impact on client success. Together, these inputs helped to shape the Lotis Blue Consulting brand messaging and visual identity. “On September 19, we gathered together for the firm’s annual Americas-wide meeting,” noted Lotis Blue Consulting CEO Garrett Sheridan. “When we went into that day, we were Axiom — but we emerged from that wonderful event with new purpose and energy under the Lotis Blue Consulting brand.” “As Lotis Blue Consulting, we are truly at the forefront of growth and transformation,” Sheridan continued. “We're excited to help our clients grow and transform their businesses as we work side by side with leaders committed to achieving their most far-reaching ambitions. The Lotis Blue Consulting brand puts a newfound emphasis on the firm’s people and their bold personalities. The firm has long been known for its boldness, for pushing both clients and itself to think differently and accept hard truths. Boldness is one of Lotis Blue Consulting’s eight foundational values, alongside Transparency, Wholeness, Stewardship, Community, Inclusion, Partnership, and Insight. Collectively, these values truly shape how the firm serves clients and further strengthens its culture and working environment. Lotis Blue Consulting employs an unparalleled and unique combination of data science and behavioral science to develop and implement the best path forward for clients. This powerful blend of these two disciplines results in tangible action, complementing quantitative analysis with a deep understanding of how to drive behavioral change. Maximizing data’s value is critical to business transformation in the digital-age, and combining data with behavioral science makes Lotis Blue Consulting true experts at directly engaging clients around the change needed to grow and transform. “All of us at Lotis Blue Consulting are beyond excited about the launch of our new brand,” Sheridan concluded. “We look forward to continuing to deepen our many strong client relationships and working with new companies as well.” At the intersection of growth and transformation, you’ll find Lotis Blue Consulting. We dig deep with personal attention and analytical rigor to uncover, define, and implement the smartest path forward for your organization. In doing so, we transform your most ambitious visions into a clear and sustainable reality. For more information, please visit www.lotisblueconsulting.com Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.lotisblueconsulting.com

September 21, 2022 11:00 AM Eastern Daylight Time

Advanced AI Drug Development Platform 'DeepMatcher®' 2.0 Launches Worldwide (226330.KQ)

Syntekabio, Inc.

SyntekaBio (226330.KQ)(226330:KS), an AI drug discovery and development company, announced the successful completion of its DeepMatcher® 2.0 performance verification. The advanced version of an AI small molecule drug discovery technology is ready to launch in the global market. The company opened its regional U.S. office in New York City in August. SyntekaBio has developed and verified DeepMatcher® into a three-step process: 1D/2D/3D virtual pre-screening (DMC-PRE), screening by best binding pose and binding energy prediction (DMC-SCR), and molecular dynamics-based self-verification (DMC-MD), which has utilized 1 billion compounds and 600 target models. In silico validation performed on these three modules has authenticated 85-95 percent accuracy, a competitive level in sensitivity and specificity. DeepMatcher® ’s performance is greatly enhanced by the DMC-MD process, in which the molecular dynamic simulation process in the final stage proves to significantly reduce the false positive results that commonly occur and lead to misinterpretation when predicting new drug candidates. The molecular dynamics simulation process typically requires vast computational resources to generate highly accurate results in the screening process. SyntekaBio’s own supercomputing infrastructure is capable of fully supporting the simulation, a major advantage over its competitors. Thus far, the outcome of the screening process evidently points towards the future where it can be applied to the discovery of ‘Molecular Glue’ that can promote and stabilize PPI (Protein-Protein Interaction) between ubiquitin ligase and its target protein. SyntekaBio has also completed the validation of a large-scale drug repurposing project that has been ongoing since the third quarter of 2021. This project was conducted using DeepMatcher® to derive a previously unknown drug-target combination by predicting the binding force between approximately 3,000 drugs and 400 target proteins. By validating approximately 6,000 combinations from the project with in vitro binding efficacy tests, SyntekaBio was able to secure a new effective drug group from a total of 120 protein groups, including the Kinase family, GPRC, Methyltransferase, Deacetylase and Phosphodiesterase. Therefore, the efficacy of DeepMatcher® is positively verified, providing the basis for pipeline development for various disease groups. “We are thrilled to confirm encouraging results from a long-awaited outcome of DeepMatcher® version 2.0 experimentation. SyntekaBio is preparing to launch our AI drug cloud PaaS (Platform as a Service) system based on DeepMatcher® 2.0. We look forward to sharing our cutting-edge technology to enhance drug discovery and development capabilities in the U.S. and internationally,” said SyntekaBio CEO Jongsun Jung, Ph.D. The drug group discovered through SyntekaBio’s large-scale drug repurposing project is undergoing cell experiments in various fields such as anti-cancer, anti-inflammatory, hair loss prevention and growth, and central nervous system diseases. For business development meetings and information about SyntekaBio’s products and services, contact the New York office at +1 (212) 371-2544 or admin.usa@syntekabio.com. Syntekabio is a global artificial intelligence (AI) and big data-based drug discovery and development company, headquartered in South Korea since 2009, with its U.S. operations bringing innovative technologies and science to create transformative medicines worldwide that are compliant with international standards to cure diseases and improve people's lives. Find out more about DeepMatcher®, NEO-ARS™, NGS-ARS™ and PGM-ARS™ at www.syntekabio.com. Contact Details SyntekaBio USA | WMSG Sabina Lee +1 201-402-1400 wgroup@wmedical.org

September 21, 2022 10:07 AM Eastern Daylight Time

The Blockchain Talent Shortage Crisis — How This Company Is Working To Fill The Blockchain Developer Void

Chainsulting

Blockchain development has become one of the most highly-demanded skills of the century. Companies both large and small are leveraging blockchain — the underlying technology powering cryptocurrencies such as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH)— to reduce costs, increase trust, improve security and also improve the traceability of data shared across networks. Several multinational companies, including IBM Corp. (NYSE: IBM), Microsoft Corp. (NASDAQ: MSFT) and Oracle Corp. (NYSE: ORCL) are reportedly implementing blockchain into their business strategy. Blockchain has disrupted several key economic industries, including business and finance, and given birth to decentralized finance (DeFi) establishments such as Opensea and Uniswap. Demand For Crypto Roles Hits All-Time High Because of the growing number of enterprises working with crypto and blockchain, the need for skilled talent in the industry has skyrocketed in recent years. Last year, job search engine Indeed reported a massive 118% year-on-year jump in cryptocurrency and blockchain job postings. Blockchain Developers Remain In Short Supply Globally The global blockchain industry has a shortfall of skilled candidates. A study by LinkedIn Corp. and OKX using data collected from 180 countries between January 2019 and June 2022 revealed an imbalance in the supply and demand of talent in the global blockchain field, with qualified candidates in short supply. Data from the report shows that the number of LinkedIn members working in the blockchain space has grown by 76% year on year through June, but the countries that produce the most blockchain professionals are experiencing a decline in talent growth. The Crypto Recruiters CEO Emily Landon told Blockworks that her firm receives overwhelming requests for marketing, investor relations and developer roles, as well as those skilled in programming blockchain languages like Rust and Solidity. “Finding technical talent has become increasingly difficult as candidates aren’t always marketing themselves well on LinkedIn,” Landon said. “Others have deleted their LinkedIn accounts due to spam from recruiters, flocking to Twitter and Discord instead. It makes it challenging to find them on those platforms.” Chainsulting says it is on a mission to narrow down the talent gap by helping companies hire highly-skilled, experienced blockchain developers externally. Bridging The Gap Through Talent Outsourcing Chainsulting has provided consulting and development services to the blockchain industry since 2017. The company offers Web3 development, consulting and security services to the growing industry. Yannik Heinze, the CEO of Chainsulting says its team uses the best-in-class development tools and blockchain architectures to build and implement custom Web3 solutions for its clients. While blockchain allows the creation of smart contracts for digital assets such as tokens, smart contracts have been targets of cyberattacks that historically have led to millions of dollars in losses. Smart-contract audits help organizations discover potential loopholes and security vulnerabilities in the code behind smart contracts. Chainsulting prides itself on having a wide range of successful projects in its portfolio, ranging from e-commerce to mobile payment platforms. The company has helped give a facelift to Shopping.io (an e-commerce platform that allows users to pay for goods in crypto), developed several DeFi products for big Web3 brands, and helped companies like Improbable, CryptoBatz by Ozzy Osbourne and 1inch to secure their infrastructure, to mention a few. Chainsulting is a professional software development firm, founded in 2017 and based in Germany. They show ways, opportunities, risks and offer comprehensive web3 solutions. Their services include web3 development, security and consulting. Chainsulting conducts code audits on market-leading blockchains such as Solana, Tezos, Ethereum, Binance Smart Chain, and Polygon to mitigate risk and instil trust and transparency into the vibrant crypto community. They have also reviewed and secure the smart contracts of 1Inch, POA Network, Unicrypt, LUKSO among numerous other top DeFi projects. Chainsulting currently secures $100 billion in user funds locked in multiple DeFi protocols. The team behind the leading audit firm relies on their robust technical know-how in the web3 sector to deliver top-notch smart contract audit solutions, tailored to the clients' evolving business needs. This post contains sponsored advertising content. This content is for informational purposes only and not intended to be investing advice. Contact Details Chainsulting hello@chainsulting.de Company Website https://chainsulting.de/

September 21, 2022 08:00 AM Eastern Daylight Time

Working Toward a Carbon Neutral Future, Volatus Aerospace Teams with Accipiter Radar Technologies to Commercialize Beyond Visual Line of Sight Missions

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") today announced a Collaboration Agreement with Accipiter Radar Technologies Inc. signed on 20 September, 2022 to facilitate and commercialize drone flights beyond visual line of sight (BVLOS). This will allow Volatus to introduce clean energy drone solutions for a variety of aerial inspections in oil and gas pipeline, energy, railway, and arctic surveillance using remotely piloted aircraft (drones) operating beyond visual line of sight. “Deconflicting drone operations with low-flying, crewed aircraft is an essential element for long range flight operations beyond visual line of sight. The use of Accipiter’s proven radar solutions will provide detect-and-alert / detect-and-avoid information needed to commercialize at scale,” said Glen Lynch, CEO of Volatus Aerospace. "Teaming with Accipiter enables us to introduce innovative green solutions for our customers in our journey toward a carbon neutral future.” “We are delighted to be collaborating with Volatus, furthering our mission of Targeting A Safer World®. The safe deployment of drones leveraging our well-established radar surveillance solutions will make a real difference both for industrial customers and our environment alike,” said Dr. Tim J. Nohara. President & CEO at Accipiter Radar Technologies Inc. “We are excited by the opportunities ahead.” “Every 1,000 miles of pipeline or right of way we inspect using a drone in place of a helicopter or light airplane, reduces the carbon emissions being released into the atmosphere by as much as 2,400 pounds, according to 8 Billion Trees, a company dedicated to offsetting carbon emissions,” says Danielle Gagne, Corporate Communications and Chief Storyteller for Volatus. “Considering that there are approximately three-million miles of pipeline in North America that need to be inspected as often as once a week from the air to comply with regulation, the environmental impact is staggering. These initiatives are essential for our future.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout North America and growing into Latin America and globally. Volatus serves civil, public safety, and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, as well as R&D, design, and manufacturing. Through its subsidiary, Volatus Aviation, the company is introducing green and innovative drone solutions to supplement and replace traditional aircraft and helicopters for long-linear inspections such as pipeline, energy, rail, and cargo services. Volatus is committed to carbon neutrality; the fostering of a safe, equitable and inclusive workplace; and responsible governance. About Accipiter Radar Technologies Inc. Accipiter Radar is a North American company that develops, sells, and operates high-performance radar and sensor intelligence networks engineered to monitor the environment and characterize the behavior of targets such as small vessels, low flying aircraft, vehicles and birds, as well as distributed phenomenon such as weather, waves and snow/ice. The result is enhanced wide-area safety and security through unprecedented domain awareness for 21st century applications in homeland security, aviation safety and security and environmental protection. Accipiter Radar Technologies Inc. of Niagara, Ontario Canada and Accipiter Radar Corporation of Niagara, New York, USA are Targeting a Safer World® and have won business from of all levels of government in North America, as well as major corporations and governments in various parts of the world. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Rob Walker +1 579-977-5066 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

September 21, 2022 07:45 AM Eastern Daylight Time

Image

Inery Blockchain Closes Strategic Partnership and Investment with Truth Ventures Fund

Inery

Inery, a Decentralized Data System, has announced a partnership and an investment coming from Truth Ventures, uniting two companies on their path to streamline decentralized database adoption. Inery takes a different approach to decentralizing data and data management for both Web2 and Web3 companies, while streamlining the shift to the decentralized web. Its security, scalability features, and high throughput capabilities provide support to use cases across different industries. These include the healthcare sector, enterprises and governments, gaming, real estate, aviation, and any other business anywhere where data is an asset. “Inery’s real-world utility is what got us on the same page with Truth Ventures in the first place,” stated Inery Co-founder and CEO, Dr. Naveen Singh. “Truth Ventures firmly believes that Inery has the potential to revolutionize the way data is handled, both online and offline. This partnership will be an important factor in helping Inery reach its full potential and will help the push for mass adoption of decentralized databases in the conventional and Web3 spaces.” Inery’s layer 1 blockchain, and an elegant DB solution on top of it have attracted the attention of the blockchain industry from its inception, showing interest in database decentralization and security. The project rolled out its first public testnet on August 10, 2022, preceding its upcoming launch, and is also scheduled for listing at the end of the third quarter of 2022. “Truth Ventures saw and agreed with the vision and real-world utility of Inery and believes that it has great potential for mass adoption. The mutual goal of this partnership is aimed at making decentralized database management a standard instead of an outlier,” as per Mr. Varun Datta Founder & CEO of Truth Ventures. Truth Ventures had previously invested in and partnered with Bet Neo–a pioneering gaming hub, Gordium Healthcare, Moneto Sports, and many other new companies. About Inery Inery is a proprietary layer-1 blockchain and decentralized data management solution. The network enables a decentralized, secure, and trusted foundation for database management by leveraging blockchain technology. It integrates blockchain functionalities and distributed database properties to create a paradigm shift in data access, storage, and management. About Truth Ventures Truth Ventures is an international investment fund dedicated to bringing market-defining innovations and ideas into light by financing and mentoring them. The international venture capital firm finances companies at their seed stage, developing stage, or startups exhibiting potential for growth in the Entertainment, Blockchain Technology, Healthcare, and holistic wellness sectors. Contact Details TreeBee Communication Akhlaq Ahmad +91 98109 05699 akhlaq@treebeepr.com Company Website https://inery.io/

September 21, 2022 07:12 AM Eastern Daylight Time

ZestyAI Announces 180-day Playbook to Navigate First-of-its-kind Wildfire Regulatory Requirements in California

ZestyAI

Zesty AI, the leading provider of property risk analytics solutions powered by Artificial Intelligence (AI), has developed a 180-day playbook to support insurance carriers as they work to meet the Mitigation in Rating Plans and Wildfire Risk Models regulation expected to be adopted by the California Department of Insurance (CDI) before year-end. The playbook reflects the company’s unique ability as the only comprehensive solution in the marketplace to help insurers meet or exceed every single requirement in the new regulation — meeting 100 percent compliance inside the tight 180-day window. On September 7, 2022, Insurance Commissioner Ricardo Lara announced he had submitted the department’s insurance rating regulation recognizing wildfire and safety mitigation efforts made by homeowners and businesses, to the California Office of Administrative Law for final approval. This first-of-its-kind regulation will require all insurers in California to refile their existing rating plans on an aggressive 180-day timeline. “Eight of the ten most destructive wildfires in California’s history have occurred in the last five years,” said Attila Toth, Founder and CEO of Zesty AI. “While the new wildfire regulations will have a significant impact on California’s insurance industry, adapting to this peril is key to having a sustainable insurance ecosystem in California. As the leader in property-specific wildfire risk assessment, we have offered input at each step of this process. We are here to support admitted carriers with a turnkey solution complying with every single requirement as they navigate this process and work to meet the new regulations.” The new wildfire safety regulation requires insurance companies to consider the structure of a home, its surroundings, and community-level mitigation. Insurers with concerns about the regulation can reach out to Zesty AI to get a complete explanation of how the regulations will impact them. This includes access to the 180-day playbook, which breaks down the regulatory compliance process into an orderly roadmap that addresses all three major challenges that insurers will face: Operational — The process of rapidly integrating new data sources, educating the public on how wildfire mitigation affects insurance policies, and a framework for a compliant appeals process. Rating — How to weight property-specific characteristics, including those with and without historical loss data, in rating plans as well as guidance on mitigation credits. Filing — Carriers who use a rating plan reliant on traditional wildfire models without property-specific information will need to overhaul their rating framework. Relying on multiple approved rate filings, Zesty AI has developed a comprehensive filing toolkit that can support carriers at every facet of the filing process. Zesty AI ’s Z-FIRE TM model has quickly become the leader in property-specific wildfire risk assessment. Using AI algorithms trained on more than 1,500 wildfire events across 20 years of historical loss data, Z-FIRE TM provides a level of detail that is of essential value to both the insurer and the homeowner. The model was the first AI model ever approved as part of a rate filing by the CDI and the second wildfire risk model. It has been widely adopted across the Western U.S., where its use has been approved for both underwriting and rating. During 2021's APCIA Western Region Conference, CDI representatives expressed that the agency’s familiarity with Z-FIRE TM means in future filings the focus will be limited to the carrier's specific use of the model, not the details of the model itself, potentially greatly expediting the reviews of carriers using the Z-FIRE TM model. Zesty AI ’s Z-FIRE TM considers features such as topography and historical climate data in combination with factors extracted from high-resolution imagery of the property itself and its surroundings, including homeowner and community mitigation efforts, to provide both neighborhood and property-specific risk scores. A significant advantage to insurance carriers is that they can use these data elements to communicate with homeowners on what specific actions can be taken to lower their property’s risk, such as upgrading building materials and cutting down surrounding dry brush or overhanging vegetation. The impact of mitigation efforts can be significant. A joint study by the Insurance Institute for Business & Home Safety (IBHS) and Zesty AI, which studied over 71,100 wildfire-exposed properties, found that property owners who clear vegetation from the perimeter of their home or building can nearly double their structure's likelihood of surviving a wildfire. About Zesty AI Zesty AI offers insurers and real estate companies access to precise intelligence about every property in the United States. The company uses AI, including computer vision, to build a digital twin for every building across the country, encompassing 200 billion property insights accounting for all details that could impact a property’s value and associated risks, including the potential impact of natural disasters. Visit zesty.ai for more information. Contact Details ZestyAI Linsey Flannery +1 416-939-9773 linsey@zesty.ai Company Website https://www.zesty.ai/

September 20, 2022 09:00 AM Pacific Daylight Time

Image

1 ... 381 382 383 384 385 ... 592