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

Foresight Partners with One of the World’s Largest Industrial Equipment Manufacturers for POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight” or the “Company”), an innovator in automotive vision systems, announced today the signing of a paid proof of concept (POC) project with the Chinese subsidiary of one of the world’s leading manufacturers of industrial equipment, heavy machinery, construction and mining equipment. Foresight was selected over other three-dimensional (3D) perception vision solutions due to its accurate and high-resolution point cloud and all object detection capabilities in harsh weather, environment and lighting conditions. A successful POC project may lead to the integration of Foresight's technology into the industrial equipment manufacturer’s construction and mining trucks. The industrial equipment manufacturer will evaluate Foresight’s technology to add 360° 3D perception capabilities to its mining and construction trucks, offering an alternative to its existing LiDAR sensors. Foresight’s QuadSight vision solution uses both visible-light and thermal cameras to deliver a comprehensive vision system capable of addressing the driving challenges in construction and mining settings. These challenges include off-road navigation, detection of non-classified objects in dusty surroundings and enabling safe driving in pitch-dark conditions. In addition, the industrial equipment manufacturer will evaluate Foresight’s DynamiCal ™ automatic calibration solution to enable continuous calibration of the cameras while its trucks encounter intense vibrations to ensure an accurate 3D image of the environment. “We are excited to extend our innovative stereo vision solutions to the construction and mining industry. By collaborating with one of the world's largest industrial equipment and heavy machinery manufacturers, we aim to enhance the safety, accuracy of object detection, and environmental awareness in their operations. This POC project reflects our dedication to delivering advanced automotive vision technologies across diverse sectors," said Haim Siboni, CEO of Foresight. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the POC, that it aims to enhance the safety, object detection accuracy, and environmental awareness in the industrial equipment manufacturer’s operations, and that the POC project reflects its dedication to delivering advanced automotive vision technologies across diverse sectors. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2023, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

August 11, 2023 08:20 AM Eastern Daylight Time

Back-to-School Shopping 101

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

August 11, 2023 06:00 AM Eastern Daylight Time

Video

CloudWerx Names Munish Gupta as New CIO

Cloudwerx

CloudWerx, a full-service enterprise/corporate cloud consulting firm, has announced Munish Gupta as its new CIO. Munish Gupta will bring his considerable success in engineering and other technical roles to CloudWerx. He spent nearly 12 years at Google as Technical Account Manager and has eight certifications, including Google Cloud Certified Professional Cloud Network Engineer and Google Cloud Certified Professional Cloud Security Engineer. Munish Gupta has also built and led a diverse, geo-distributed, and world-class SRE organization at Google, and has more than four years’ experience in database engineering. With these credentials, CloudWerx is confident he will be pivotal to the company’s continued business growth. This announcement follows the hiring of Sidhant Gupta as CTO back in March. CloudWerx anticipates strong collaboration between the two roles with planned joint ownership on a number of technical initiatives, including strategic planning, technology governance, IT operations, and more. “I’m very excited for this opportunity,” said Munish Gupta. “Technology is constantly evolving, and the only way to stay relevant is to keep at it. The way forward is to now build a world-class engineering team that has the passion and technical depth, and we will always strive to revolve around the fundamental principles of any solution — simplicity, reliability, security, and ability to automatically scale up and down.” In the short term, CloudWerx will rely on Munish Gupta to develop and implement the company's technology strategy in alignment with its overall business goals and objectives. Focus areas include vendor management, talent management, data management and security, and business continuity and disaster recovery. “Betsy Reed and I set out to form an exceptional engineering team at CloudWerx, dedicated to tackling the most formidable cloud-related obstacles with the most clientele in the field,” said Jason Geis, CEO of CloudWerx. “We are thrilled to announce a remarkable addition to our Engineering team, extending a warm welcome to Munish Gupta.” About CloudWerx CloudWerx is an engineering-focused cloud consulting company that provides the most elite technology resources to solve the toughest challenges. Maintaining 100 percent customer retention and a commitment to 11/10 technical, account and customer service, the CloudWerx team has unique experience working in some of the most complex cloud environments at scale and can help your business accelerate with confidence. Please visit https://www.cloudwerx.tech/ to learn more. Contact Details CloudWerx Betsy Reed +1 206-999-3517 press@cloudwerx.tech Company Website https://www.cloudwerx.tech/

August 10, 2023 03:00 PM Eastern Daylight Time

CEO reveals Nextech3D.AI's latest milestone: 50,000+ 3D models delivered and explosive growth ahead

Nextech3D.AI

Nextech3D.AI (CSE:NTAR, OTCQX:NEXCF) CEO Evan Gappelberg joined Proactive's Stephen Gunnion with details of the company's latest achievement of delivering over 50,000 3D models to customers. Gappelberg highlighted the company's rapid growth and anticipated even more impressive records ahead due to escalating 3D model demand. The company's preliminary second-quarter results, out last week, revealed a 155% increase in revenues to $1.4 million, with third-quarter revenue projected to surge by 200% to $1.7 million year-over-year. Gappelberg attributed a substantial portion of this exponential growth to the partnership with Amazon, which constitutes 70% of the eCommerce ecosystem. As Amazon's preferred 3D model supplier, Nextech3D.AI capitalizes on the expanding demand. With Amazon opening Seller Central to over 10 million merchants, Gappelberg envisions substantial growth potential, given that only a fraction of Amazon SKUs have been converted to 3D. He asserted that Nextech's breakthrough generative AI technology provides a competitive edge, streamlining 3D model creation and production at scale. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

August 10, 2023 12:09 PM Eastern Daylight Time

Video

News Release

Tech innovator Stephen Thomas reveals TPT Global Tech's path to NASDAQ and disruptive VüMe super app

TPT Global Tech

Stephen Thomas, the founder, chairman, and CEO of TPT Global Tech (OTCQB:TPTW) joined Proactive's Stephen Gunnion with details of the company's journey and future plans. TPT Global Tech, established in 2003, was a pioneer in Voice over IP technology, revolutionizing internet service providers into telcos with cutting-edge billing solutions. Today, the San Diego-based company operates across four main divisions: software-as-a-service, real estate, ISP telecom, and media production. TPT Global Tech is on a significant trajectory, currently trading on the OTC but with plans to uplift to NASDAQ within 120 days, Thomas explained. The recent acquisition of broadband infrastructure boosted its cash flow and equity, fulfilling the NASDAQ listing requirements. The CEO detailed the VüMe super app, set to be the first of its kind in the Western Hemisphere. Leveraging strategic partnerships in telecommunications, broadband, and media production, the company aims to tap into a global market. TPT Global Tech's growth journey continues with a $38 million fundraising campaign, ahead of the NASDAQ uplisting. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 10, 2023 11:50 AM Eastern Daylight Time

Video

News Release

Trust Stamp says customer adoption of its Orchestration Platform is poised for more growth

T Stamp Inc

Trust Stamp President and co-founder Andrew Gowasack joined Proactive's Stephen Gunnion with an update on the company's low-code Orchestration Platform. Gowasack explains that the Orchestration Layer (OL) is a low-code platform that leverages advanced AI technologies, including biometric verification and data protection, to transform digital operations by enhancing security, privacy, and usability. This solution enables the establishment of a robust identity framework with the agility provided by the orchestration layer. Gowasack highlighted that Trust Stamp's previous business model involved custom solutions for flagship customers. However, with the launch of the Orchestration Layer, the company aims to expand its market reach by providing a fast and cost-effective integration solution, thereby attracting a wider range of clients. The platform's adoption has been significant, with over 29 financial institutions, including a global bank's US arm, adopting the solution, representing a total of 1,500 branches and $1.5 trillion in assets. Considering the current trends in the US banking and financial service markets, where digital channels are prioritized and data protection is crucial, he said Trust Stamp's technology aligns well. The company's focus on enhancing the user experience while ensuring transparent and auditable decision-making positions it favorably to cater to this growing demand. The company has taken operational steps to support their growing direct sales of the Orchestration Layer, including strengthening its balance sheet and expanding its sales team. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

August 10, 2023 11:44 AM Eastern Daylight Time

Video

Garrett Brands Chooses ToolsGroup to Drive Digital Supply Chain Transformation

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, is proud to announce it has been selected by Garrett Brands LLC, LLC, dba Garrett Popcorn Shops and Frango Chocolate, to support its increasing growth while achieving its high standards for product freshness and customer satisfaction. Garrett Popcorn has been a Chicago staple for over 70 years, and now has retail shops in 8 countries. Frango Chocolate was established over 100 years ago. Garrett Brands maintains a portfolio of perishable items affected by seasonal demand, all while maintaining a customer experience that is synonymous with the quality of Garrett Popcorn and Frango. To streamline operations and increase efficiency, Garrett Brands initiated a search for the right supply chain planning tools to further its digitalization efforts and fuel continued growth. Garrett Brands selected ToolsGroup Service Optimizer 99+ (SO99+), a suite of planning functions encompassing Demand Forecasting & Planning, Inventory Optimization, and Replenishment. These solutions tailor inventory to demand by accounting for market uncertainty, thanks to a powerful, built-in probabilistic forecast. ToolsGroup has over 60 food and beverage customers, giving the machine learning engine behind this forecast ample opportunity to learn and adapt to the industry’s unique challenges. By leveraging ToolsGroup’s native AI and automation, Garrett Brands can navigate the complexity of multiple channels and perishability amid network expansion. “Due to the perishable nature of its products, the food industry is up against the clock when it comes to fulfilling demand and particularly sensitive to volatility,” said ToolsGroup CEO, Inna Kuznetsova. “As the pioneers in using the probabilistic method and AI in supply chain, ToolsGroup has empowered many food industry leaders and trained our AI models to strategically and decisively neutralize the ramifications of supply and demand volatility. We’re excited to partner with Garrett Brands, helping them grow their business, combat food waste, and continue their long tradition of delighting customers.” ToolsGroup helps food producers achieve impressive business outcomes through intelligent probabilistic forecasting and inventory management. Learn more HERE. About Garrett Brands LLC GARRETT BRANDS LLC is the proud company behind the iconic Garrett Popcorn Shops and Frango Chocolate. While these brands are now recognized throughout the world, our hometown and our hearts are here in Chicago. We are grateful to be a part of special celebrations across generations, from holidays and weddings to quiet moments at home. For Garrett Brands press inquiries, please contact: Michelle Molise, 313-549-3137 About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

August 10, 2023 10:30 AM Eastern Daylight Time

Image

Former Google Chief Information Officer Joins Rally Ventures Full-Time as Venture Partner

Rally Ventures

Rally Ventures, a leading venture capital firm focused on early-stage business technology, today announced that Ben Fried has joined the company as a Venture Partner. Ben has worked with Rally Ventures for over a decade as an advisor and investor, and he will now take on a full-time role with the firm. In his capacity as Venture Partner, Ben will expand Rally's expertise in engineering leadership, cybersecurity, managing hypergrowth and building enterprise software. His responsibilities will include identifying and evaluating investment opportunities, contributing to the firm's overall strategic roadmap and advising portfolio companies on how to harness the power of emerging technologies, like Generative AI, to achieve superior results in their products and operations. From 2008 to 2022, Ben worked at Google, where he was Chief Information Officer and head of the New York City office. As Chief Information Officer, he oversaw the creation and deployment of technologies and systems that enhanced productivity across the organization and facilitated Google's remarkable growth. Some of the initiatives that Ben led while at Google include BeyondCorp, the company's groundbreaking implementation of a zero trust network architecture; Google's in-house videoconferencing system; and the creation of its industry-leading IT Residency Program. Prior to his time at Google, Ben was employee #1 at a bay area startup building mission-scheduling software for NASA. And, he spent over a decade at Morgan Stanley, where he was the architect of the firm's technology platform, and led teams responsible for software development infrastructure and business intelligence. "Rally Ventures has a strong track record of identifying disruptive technologies and a reputation for being committed investors who actively support the growth of their portfolio companies,” said Ben Fried, Venture Partner at Rally Ventures. “Combining my knowledge overseeing the creation of software tools used by billions of people and managing billion-dollar corporate purchases of third-party software with Rally's best-in-class B2B deal flow is a natural fit.” Ben will strengthen Rally’s team of three managing directors, four venture partners and seven professionals. The firm also includes a network of 100+ technology partners — executives, technologists and luminaries — who act as an extension to the Rally Ventures team and provide operating leverage for portfolio companies to help broaden the firm's capabilities. “Ben has been a Rally Technology Partner since day one. We’ve known him for over a decade, and he’s provided meaningful guidance and support to many of our portfolio companies,” said Charles Beeler, Co-Founder and Managing Director at Rally Ventures. “Ben’s experience working for a company at the leading edge of technology, combined with his unique ability to distinguish which emerging technologies will make an impact versus where they are just hype, is invaluable.” "Ben has worked with a number of our portfolio companies on how to use AI and ML in enterprise technology," said Jeff Hinck, Co-Founder and Managing Director at Rally Ventures. "AI is set to disrupt virtually every industry, business process and even the very development of software for both start-ups and mega-tech companies. Ben’s ability to guide our portfolio companies in both how to build a strong technical foundation and how to adopt AI efficiently will set them apart from the competition." About Rally Ventures Rally Ventures invests exclusively in early-stage business technology companies, focusing on entrepreneurs creating major new markets or bringing transformative approaches to existing ones. Since 1997, Rally Ventures' partners and venture capital industry veterans have invested in or run early stage enterprise business-to-business technology companies with a proven ability to deliver superior returns regardless of the overall market environment. For more information visit rallyventures.com. Contact Details Rally Ventures Rachel Subasic rachel@rallyventures.com Company Website https://www.rallyventures.com/

August 10, 2023 08:03 AM Central Daylight Time

Building blocks: SAEKI emerges from stealth with $2.3M funding round for its Robots-as-a-service for manufacturing industry

SAEKI

The architecture, engineering and construction industry has undergone significant changes in recent years yet one major challenge they face is the slow and costly manufacture of large components as part of their installations. Enabling the industry to move faster and efficiently, SAEKI has today launched from stealth with a $2.3M seed funding round to create fully automated plants with industrial robots using 3D technology to create anything from wings for aircraft to construction site installations. The funding round was led by Wingman Ventures including participation from Vento Ventures, Getty Capital and angel investors. Founded in 2021 by Andrea Perissinotto, Oliver Harley and Matthias Leschok, SAEKI works with the architectural design, engineering design and construction services industry to turn complex designs into reality, save concrete and CO2 having developed a new method to produce custom concrete formwork cost-effectively. They achieve this by combining 3D printing, milling, with large industrial robots that can print formwork up to many metres in length, very efficiently and when it comes to design complexity, the opportunity is unlimited. Currently, to develop a lightweight carbon fibre element, or to build a topologically optimised concrete floor slab, buyers would have to wait months and spend vast sums of money to receive a first sample and only then build a prototype, let alone consider reiterating for any flaws. With SAEKI this bottleneck is removed, enabling buyers to rapidly innovate, grow their services and offerings in ways they have not been able to before. Indeed, for large scale items, this has not been previously possible. Andrea Perissinotto, Co-Founder of SAEKI, commented: “From what we build underground, to what we build on earth, to what goes to space, from the construction to aerospace industries, there is a need for large, one-off (custom) components, that are mostly used once a couple of times at most, then scrapped. Manufacturing these parts, from the moulds to make concrete elements to the tooling required to build composite rockets, is labour intensive, has long lead times, and is very expensive. Moreover, these factors delay hardware iteration to get to the final product.” “For vast swathes of industry it’s not practical to own and manage robots that can create what you need quickly. We are at the forefront of addressing this and democratising access to the best tools and creating productive, sustainable and effective outcomes for industry. Long lead times for large components will be a thing of the past and we can provide faster and cost effective iterations. Our comprehensive approach sets us apart - it's not just about being faster or cheaper; it's about providing a complete solution that caters to the entire spectrum of challenges, which is resonating well with our customers.” SAEKI is focussed on building a partnership of trust, support, and mutual growth with its customers. The team currently works hand-in-hand with customers, understanding their unique challenges, and tailoring the microfactories to address their specific needs. This collaborative approach will help the business unleash its full potential. SAEKI is building its first production hub, which will be the blueprint for further expansion. In an industry bottlenecked by manual processes, the company takes on the difficult challenge of solving manufacturing problems, acting as a catalyst and enabler for radical growth and progress across industry. The production hub will offer industrial robots built by SAEKI. The robots will combine multiple digital manufacturing methods, from 3D printing, milling, inspection to creating an all in one low waste production process and recyclable materials. The robots will act as microfactories; self-contained units able to do all the manufacturing steps, easily deployable for localised manufacturing. Additionally, SAEKI will offer a quoting platform tailored to the customers' own business needs to remove the complex opaque approach currently in the market. Edouard Treccani, Principal at Wingman Ventures commented: “We're thrilled to join forces with SAEKI as lead investor of their pre-seed round. Their groundbreaking approach to distributed additive manufacturing has the power to revolutionize sectors from aerospace to construction through disruptive tech, local production and sustainable materials. We look forward to supporting them as they embark on their mission to create yet another deep-tech champion from Switzerland.” SAEKI is building a platform that will allow our customers to transcend the limits of traditional manufacturing, where size, complexity, and efficiency are no longer obstacles but catalysts for progress. In doing so, SAEKI envisions a network of decentralised, robot operated production hubs around the world. Matthias Leschok, Co-Founder at SAEKI added: “In 10 years from now SAEKI envisions lights-out factories filled with SAEKI microfactories autonomously producing complex, material and weight saving formwork for the construction industry, fixtures and tooling for super-sonic jets or composite moulds for the next generation formula one cars. SAEKI’s mission is to empower design freedom to be efficient and sustainable - irrespective of the final product.” About SAEKI SAEKI AG is developing and manufacturing “RDM” (Robotic Digital Manufacturing) microfactories (uFactories) for on-demand fabrication of large-scale components for the construction, automotive, aerospace, marine and energy industries. SAEKI aims to become the leading system/technology provider for large-scale (0.2 to 10+ metres) components that are fabricated using digital manufacturing technologies. SAEKI offers a flexible solution by combining large-scale 3D printing, milling, postprocessing and 3D scanning into one microfactory, operated by a robot. For more information please visit https://saeki.ch/ About Wingman Ventures Wingman Ventures is Switzerland’s leading pre-seed fund, backing founder teams building tech companies with the potential to become global market leaders. Wingman has a track record of supporting exceptional founders in creating breakthrough companies and has the passionate conviction that the Swiss startup ecosystem is just starting to write its best success stories. To learn more, please visit https://www.wingman.ch/ About Vento Ventures "Vento, the Italian chapter of Exor Ventures". Exor Ventures is the venture arm of Exor. Exor Ventures invests in startups from pre-seed to pre-IPO, focusing on discovering exceptional founders with the ambition to build great companies. About GETTY Founded to back era-defining engineering and applied math, GETTY leads, co-leads and collaborates — Seed+ to pre-IPO: https://gettycap.com Contact Details SAEKI AG Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://saeki.ch/

August 10, 2023 07:00 AM Eastern Daylight Time

Image

1 ... 227 228 229 230 231 ... 620