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Cepton looking to capitalize on business initiatives as company delivers strong 2Q financials

Cepton Inc

Cepton Inc chief financial cfficer Hull Xu joined Steve Darling from Proactive to discuss the company's second-quarter performance. Cepton achieved a milestone by setting a new company record for shipments of its LiDAR technology, demonstrating its robust momentum in the automotive and smart infrastructure markets. Xu emphasized the notable achievement of Cepton, pointing out that the company is poised for a substantial increase in shipment volume in each successive quarter throughout the remainder of the year. He also highlighted a significant accomplishment within the company's portfolio, as Cepton is actively fulfilling a multi-million dollar tolling contract, underscoring its strong standing in the market. The company is on track to meet orders to support original equipment manufacturers' (OEM) start of production by the end of the year and has successfully delivered to General Motors with support from Koito, a strategic partner. Xu also provided insights into Cepton's Smart Infrastructure division. The company has secured its first production orders for lidar installations in multiple airports across the United States. Cepton is in advanced discussions to expand these projects to additional states and countries, showcasing the increasing adoption of its lidar solutions in various sectors. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:37 PM Eastern Daylight Time

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Ocean Power Technologies announces major milestone in the field of autonomous maritime technology

Ocean Power Technologies Inc

Ocean Power Technologies vice president of sales Matt Burdyny joined Steve Darling from Proactive to share an exciting development within the company. Ocean Power Technologies has achieved a significant milestone by successfully demonstrating the capabilities of its Wave Adaptive Modular Vessel during the 10th Annual Maritime Security West event. During the event, the company showcased the WAM-V's capability to remotely attach itself to a buoy and establish a connection for charging. Burdyny explained to Proactive that the achievement was the outcome of on-water trials conducted earlier in the month. This successful connection and charging capability represent a notable advancement in integrating renewable energy sources within the maritime industry. Burdyny emphasized that this achievement has important implications for the future of autonomous vessels. The successful docking of the WAM-V to the buoy demonstrates the potential for extended-duration autonomous operations, which could open up a range of applications within the maritime sector. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:32 PM Eastern Daylight Time

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Wishpond shares 2Q financials including a healthy jump in quarterly revenue year-over-year

Wishpond Technologies Ltd.

Wishpond Technologies CEO Ali Tajskandar and CFO David Pais joined Steve Darling from Proactive to discuss the company's second-quarter financial results, which reveal notable growth in revenue attributed to various factors, including increased product demand, expanded sales and marketing efforts, and the introduction of new products. Pais informed Proactive that during 2Q 2023, the company achieved revenue of $5,639,417, marking a 13% increase from the $5,007,343 generated in the corresponding period of 2022. Notably, Wishpond also achieved a positive adjusted EBITDA of $215,926, signifying a substantial 212% increase from the previous year. Tajskandar added that in this quarter, the company successfully finalized the acquisition of Essential Studio Manager (ESM), a significant addition to its portfolio and the sixth acquisition in the company's history. The integration of ESM broadened Wishpond's offerings to include features like invoicing, customer relationship management, and business management functionalities. Moreover, Wishpond has been diligently working on the development of additional AI-powered marketing tools, set to be launched in the upcoming quarters. He also touched on a game-changing AI product, Sales Closer AI, capable of autonomously handling sales calls, which could revolutionize the sales industry. Tajskandar also emphasized the growing popularity of the company's flagship Propel IQ platform, which has been gaining traction in the market. Early indicators point to improved margins and increased customer retention for this platform, reflecting its robust value proposition. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:27 PM Eastern Daylight Time

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Toggle3D.ai announces company is now trading on the OTCQB using the ticker TGGLF

Toggle3D.ai Inc

Toggle3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to discuss the company's recent achievement of having its common shares listed for trading in the US on the OTCQB Venture Market. The company's stock symbol on this market is TGGLF. Gappelberg conveyed to Proactive that being listed on the OTCQB Venture Market signifies a significant step forward for Toggle3D.ai. The listing is subject to meeting elevated financial standards and disclosure requirements, demonstrating the company's commitment to maintaining transparency, adhering to good governance practices, and achieving a certain level of financial and operational success. The OTCQB Venture Market is known for being a reputable and well-regulated platform for trading stocks, which can offer enhanced visibility, accessibility, and liquidity for companies. By successfully uplifting to this market, Toggle3D.ai is positioning itself to tap into a broader pool of investors and potentially expand its reach in the US. Gappelberg's discussion highlights Toggle3D.ai's dedication to its growth trajectory and commitment to providing valuable investment opportunities for stakeholders. As the company continues its journey, its presence on the OTCQB Venture Market is anticipated to contribute to its overall market exposure, potentially driving further interest and engagement from investors in the U.S. and beyond. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 22, 2023 01:21 PM Eastern Daylight Time

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Sofy’s Monthly Active Users Grow 20x: Cloud Device Lab Opens to Meet Customer Demand

Sofy

Today Sofy, a testing platform for software developers which accelerates product release times by 95 percent, opened a new cloud device lab. Based in Dallas, the facility provides mobile app developers with immediate access to an assortment of new iOS and Android devices. Developers around the world can run QA tests on real devices without writing a single line of code. “We’re launching our new facility as a direct result of customer demand,” said Syed Hamid, founder and CEO, Sofy. “Over the past six months, our existing customers have doubled their average device usage time, and our monthly active users have grown 20x. We needed another facility to host more physical iOS and Android devices, ensuring that developers can access any device they need with 99.99% availability.” Sofy’s cloud device lab offers distinct advantages over both emulators and in-house device labs. Emulators only mimic real devices and cause significant headaches if hardware or software conditions change, while in-house device labs are expensive and require continual maintenance. Sofy’s cloud device lab provides genuine testing environments, ensuring accurate assessment of app performance, usability, and compatibility across a fragmented device landscape. By offering a robust array of devices via the cloud, testers can quickly identify and address issues that may only surface in real-world usage scenarios. This ultimately leads to the creation of reliable and polished apps. More information on Sofy’s device lab is available here: https://sofy.ai/products/device-lab/. A free trial is also available for users to test complex apps at scale here: https://gosofy.com/freetrial About Sofy: The best way to automate is not to write automation code but rather leverage the power of AI to create resilient, no-code automation so QA teams can focus on testing. Sofy is an intelligent tool that simplifies testing and saves time, increases productivity, and shortens testing cycles. Sofy is powered by machine learning and real devices to let QA teams simplify manual, automated, and robotic testing while saving time and money. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://sofy.ai/

August 22, 2023 09:00 AM Pacific Daylight Time

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Minuteman Press Franchise Review: Jim Sweeney ‘Talks Shop’ on Growing Sales With Booming Apparel Business in Houston, Texas

Minuteman Press International Inc.

Jim and Jane Sweeney are the owners of the Minuteman Press franchise in Houston, Texas for the last 29 years; they first joined Minuteman Press in June of 1994. Jim and Jane have done a tremendous job building their business over the years. Most recently, they have truly excelled in growing their apparel sales. Jim summarizes: “ The past 2 years have certainly been interesting. We are currently (as of July of 2023) running 30.5% ahead of 2022 sales, which was up 35% over 2021. It seems like the world (or our world anyway) came out of its 2-year long malaise in 2022.” In the below interview, Jim shares more specific details about his center’s booming apparel business and how he and Jane’s Minuteman Press franchise in Houston have accomplished such strong growth in their apparel sales. Their center is located at 1040 Hercules Ave (Clear Lake City); Houston - Clear Lake City, TX 77058. How have you grown your business in general over the past two years? Jim Sweeney: “During the early pandemic we pivoted to personal protection products, which naturally led to custom face masks. While Jane was busy actually sewing 1000 face masks, I was providing custom logo cloth masks to hospitals, medical offices, service providers, and schools. We sold about 40,000 custom masks during that time, and we either heat pressed them or sent them to a local screen print vendor. We also donated a lot of masks to schools, non-profits, etc. Finally, in 2022, our traditional printing was finally starting to climb back to pre-pandemic levels. Promotional products also grew as trade shows and marketing calls became more the norm. We also had a big spurt of large format work, but that actually slowed down a bit after that initial spurt. EDDM printing has also become a larger portion of our print sales. Once we registered as EDDM providers on the USPS website, we definitely saw a very large increase in direct mail in general. Business Card printing has always been big for us, and the addition of the Graphic Whizard slitter, cutter, creaser has made it even more profitable. Our marketing efforts consists of: heavy community involvement; direct mail postcards, especially this year with the Deal of the Month art provided by MMP corporate; SEO/SEM on the Minuteman.com website, and social media, specifically as it relates to Direct to Film Transfer sales.” How have you grown your apparel business? What have you done to get your apparel sales going? Jim Sweeney: “We really started getting serious about apparel about 8 years ago when we purchased a commercial embroidery machine. Then, about 5 years ago, Jane put together a great lobby presentation. This area features apparel, large format, and promotional items of interest. We added dye sublimation capabilities with the Epson F570, and then we added DTG printing for one- offs (we eventually sold the DTG printer). During this time, we were using a lot of screen printed transfers, mostly from 613 originals or FM expressions. The issue became turnaround time. It would take up to 2 weeks to receive those transfers, and then of course we had to press them. We purchased a second, and then a third Stahls’ heat press during this time. That is when we decided to move in to the Direct to Film (DTF) printing business. After going through several desktop converted printers to try to print our own transfers, about 2.5 years ago we purchased our first large format, dual printhead DTF printer and finisher. In addition to producing transfers for our in-house use, we have enough capacity that we sell transfers to other printers, screen printers, sign shops and Facebook Group/Etsy owners. We added additional capacity with a 4 head DTF printer in January of this year (we will most likely be adding a third printer in the third quarter this year).” Jim continues: “Wholesale Transfer printing is now approximately 20% of our monthly sales; we ship all over the country, with a daily capacity for printing thousands of transfers. Adding embroidery and our in-house t-shirt sales makes apparel approximately 30% of our monthly revenue.” “Concurrently with this growth in transfer sales, the embroidery business was taking off. We regularly receive orders for 10-50 polos or button-down shirts for embroidery. We landed a grocery store chain and 2 local hospitals, and the orders became 150-200 shirts at a time. This past fall we completed a $24,000 jacket embroidery order, and we just delivered $32,000 jacket order to that same client, a hospital. Of course, we use a trusted local vendor for larger quantities of jackets.” Jim adds: “Our apparel business continues to grow weekly with more, and larger, in-house turn-key t-shirt sales really ramping up.” What are 3 tips for other owners on growing their apparel business? Jim Sweeney: “1. We feel that the #1 thing that is continuing to drive our apparel sales, in addition to the wholesale transfer sales, is our lobby display. Several years ago, we put this display of apparel samples, promotional items, and some of our large format samples in our shop. Whenever a new, or even an existing customer comes into the shop, invariably they are drawn to this display. About 1 in 5 people who walk into the shop asks about something that they see on that display. We turn about 85% of those inquiries into sales. 2. It also helps that our CSR is very knowledgeable about all aspects of apparel, as she is about all of our products and services. Our CSR/production manager, our daughter Allison, was the store manager at our Galveston location (which we sold in August of 2022), and has worked in every aspect of our business over the years. I realize that not everyone can be this lucky, however, that does not stop you from training and providing your staff with the tools that they need to do their jobs well. SanMar has great apparel catalogs with swatch samples, and you can put together a simple apparel website using their marketing tools. Of course, it also goes without saying that everyone on your staff should be wearing logo shirts, to further showcase your capabilities. 3. If you have the opportunity, attend a local apparel industry trade show, an ASI show, and most especially the MMP International World Expo. Educate yourself, request samples, purchase a good heat press, start small, with your own shirts, then visit your current clients to show them your new capabilities. Apparel is a perfect tie in to all of the other services that our shops provide to our clients. Apparel sales spur printing sales, just like printing sales should spur apparel sales.” At least once or twice a year, this hospital does a bulk purchase of 430 t-shirts for all the staff members. The purchase might include jackets, rain jackets, backpacks, other specialty items, or t-shirts. We’ve provided $200,000 or more in just apparel and high-end promo items to the hospital in the last 3 years. This hospital then referred us to the hospital Can you provide an example of a client who has used you for apparel? Jim Sweeney: “One of our regular ordering apparel clients is a local specialty hospital. In addition to their hospital facility, they also own or partner with 15 other physical therapy centers in the Houston region. We started out providing them with the usual printing and large format products, then contracted with them to provide new building signage for each of the outlying offices, and then grew into apparel with them. We have them set up on 2 Stahl’s Spirit Sale websites. One of them is for employees to purchase branded apparel, and the other is for the hospital to purchase apparel for new employees. In addition to standard corporate apparel, each department has their own branded t-shirt. Is there anything else you’d like to share? Jim Sweeney: “Apparel is an easy sell. Wear your logo. Talk it up. Ask for referrals. Don’t be afraid of it just because you haven’t done it before.” For more information on Jim and Jane Sweeney’s Minuteman Press franchise in Houston/Clear Lake, visit https://minuteman.com/us/locations/tx/houston27/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

August 22, 2023 10:00 AM Eastern Daylight Time

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US Tech volatility presenting opportunities this week - OptionsDesk

Options Desk

OptionsDesk broker Simon Hanouka speaks to Thomas Warner from Proactive at the end of a bruising ten-day period for the FTSE 100, and a head of a busy week of tech earnings in the US. Hanouka addresses this morning's change in fortunes for London's blue chip index, which gained around 1% in early trading following the announcement of measures to boost the Chinese economy and the strong performance of London's energy companies. He adds that European stocks are also showing higher sentiment. Over in the US, markets are expecting fresh earnings data from tech operators Zoom and NVIDIA. NVIDIA faces high expectations after a remarkable 200% stock rise this year. With concerns over demand fulfilment following disappointing figures from their supplier TSM, AMD's new AI chip release presents an opportunity. Hanouka suggests considering put spreads for potential plays on NVIDIA and emphasises the need for protective options on the S&P ahead of the upcoming Jackson Hole event. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 22, 2023 09:38 AM Eastern Daylight Time

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SPARK Microsystems rejoint l'Alliance mondiale des semi-conducteurs

SPARK Microsystems

SPARK Microsystems, une entreprise canadienne de semi-conducteurs spécialisée dans les communications sans fil à courte portée de nouvelle génération, a annoncé aujourd'hui qu'elle était officiellement devenue membre de la Global Semiconductor Alliance (GSA), la voix de l'industrie mondiale des semi-conducteurs. Cette affiliation témoigne de l'engagement de SPARK à stimuler l'innovation, à favoriser l'adoption des technologies et à relever en collaboration les défis qui se posent à l'ensemble de l'industrie. « La GSA est un catalyseur important pour la collaboration au sein de l'écosystème mondial des semi-conducteurs ». a déclaré Fares Mubarak, PDG de SPARK Microsystems. « Devenir membre permet à SPARK, qui met l'accent sur le développement durable, d'apporter des contributions importantes à la communauté des semi-conducteurs qui partage notre passion pour l'innovation, la collaboration et le progrès technologique ». SPARK Microsystems est un leader de la technologie sans fil à courte portée. Les émetteurs-récepteurs sans fil de la société exploitent le spectre à bande ultra-large pour réduire considérablement la consommation d'énergie des appareils connectés, tout en offrant les débits de données élevés et la faible latence synonymes de connexions filaires - sans les fils. Que ce soit pour le gaming ou les applications IoT, ces attributs de performance sont essentiels pour permettre la prochaine génération d'appareils mobiles connectés sans fil et de capteurs optimisés pour une efficacité énergétique élevée. « La Global Semiconductor Alliance est ravie d'accueillir SPARK Microsystems dans son réseau d'entreprises technologiques innovantes", a déclaré Jodi Shelton, PDG de la GSA. "Les solutions uniques de SPARK dans le domaine de la technologie sans fil à courte portée à haute performance et à faible consommation d'énergie, son engagement en faveur de l'efficacité et de la durabilité, et sa volonté d'excellence en matière d'innovation font de cette société un ajout idéal à notre alliance. Nous sommes impatients de travailler avec l'équipe de SPARK pour façonner l'avenir de l'industrie des semi-conducteurs ». La GSA offre à SPARK une plateforme internationale pour présenter sa technologie et contribuer au dialogue mondial sur les défis et les opportunités liés aux semi-conducteurs. La GSA représente plus de 25 pays et 250 entreprises membres, dont 100 entreprises publiques. Grâce à sa plateforme unique et neutre, les membres de la GSA vont des entreprises émergentes les plus prometteuses aux piliers de l'industrie des semi-conducteurs et aux leaders technologiques. Ses membres représentent 70 % de l'industrie des semi-conducteurs, qui pèse plus de 450 milliards de dollars. En s'associant à la GSA, SPARK aura l'occasion de collaborer avec ces leaders de l'industrie et d'influencer l'orientation de l'industrie des semi-conducteurs à l'échelle mondiale. À propos de SPARK Microsystems SPARK Microsystems construit la prochaine génération de dispositifs de communication sans fil à courte portée. SPARK fournit des liens de communication sans fil à haut débit et à très faible latence avec un profil de puissance ultra-faible, ce qui le rend idéal pour les réseaux personnels (PAN) utilisés dans les produits mobiles, grand public et connectés à l'IoT. S'appuyant sur des technologies brevetées, SPARK Microsystems s'efforce de minimiser et, à terme, d'éliminer les fils et les batteries d'un large éventail d'applications tout en offrant une performance semblable à celle d'un fil. Pour plus d'informations, veuillez consulter www.sparkmicro.com.​ Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:31 AM Eastern Daylight Time

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SPARK Microsystems Joins Global Semiconductor Alliance

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, announced today that it has officially become a member of the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry. This affiliation signifies SPARK’s commitment to driving innovation, fostering technology adoption, and addressing industry-wide challenges collaboratively. "GSA is an important catalyst in building collaboration within the worldwide semiconductor ecosystem.” Said Fares Mubarak, CEO, SPARK Microsystems. “Becoming a member enables SPARK, with its specific focus on sustainability, to make important contributions to the semiconductor community who share our passion for innovation, collaboration, and technology advancement.” SPARK Microsystems is at the forefront of short-range wireless technology. The company’s wireless transceivers leverage the ultra-wideband spectrum to dramatically reduce energy consumption for connected devices while delivering the high-data rates and low latency synonymous with wired connections – without the wires. From gaming to IoT applications, these performance attributes are essential for enabling the next generation of wireless connected mobile devices and sensors optimized for high energy efficiency. "The Global Semiconductor Alliance is delighted to welcome SPARK Microsystems into our network of innovative technology companies," said Jodi Shelton, CEO of the GSA. "SPARK's unique solutions in high performance, low power short-range wireless technology, its commitment to efficiency and sustainability, and its drive for innovative excellence makes the company an ideal addition to our alliance. We look forward to working with SPARK’s team to shape the future of the semiconductor industry." The GSA offers SPARK an international platform to showcase its technology and contribute to the global dialogue around semiconductor challenges and opportunities. The GSA represents over 25 countries and 250 corporate members, including 100 public companies. As a result of its unique, neutral platform, GSA membership ranges from the most exciting, emerging companies to semiconductor industry stalwarts and technology leaders. Its members represent 70% of the $450B plus semiconductor industry. By partnering with the GSA, SPARK will have an opportunity to collaborate with these industry leaders and influence the direction of the semiconductor industry on a global scale. About SPARK Microsystems​ SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com.​ Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:29 AM Eastern Daylight Time

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