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Telematics can Now Issue Crypto Token for Driver Engagement, Powered by Damoov

Damoov

We are fast advancing to an age where the lines separating our real life from our virtual life are blurring. From Virtual Concerts to sites that let you buy virtual property anywhere in the world - it's all there already, and there is more coming up. In the latest development, Telematics major Damoov has announced the integration of the popular crypto networks of today, Solana and NEAR, to its Telematics platform. The integration opens up two significant possibilities. Firstly, companies building telematics-based apps can provide drivers with new ways of engaging by accruing crypto tokens for safe driving, eco driving or driver performance. The crypto tokens that have all known benefits and may be transferred to wallets across the entire blockchain ecosystem. On the other hand, gaming companies can easily build Play to Earn games where gamers can be rewarded with crypto for their real-life driving skills. Telematics is the field that studies vehicle movement and position data to arrive at actionable insights about driving skills, safety, and vehicle longevity. Companies like Damoov use machine learning to analyze the data to derive such insights. Damoov's APIs have been used by Automakers, Fleet Management Companies, Driving Schools, and Insurance companies to build their smartphone app for telematics. As per Ivan Shornikov, the CEO of Damoov, the promise is immense. " All existing smartphone telematics products are struggling with low driver's engagement. That is a game-changing step for driver engagement and future telematics. The new service unlocks huge opportunities to use crypto to improve safe driving, eco-driving, and driver performance," says Shornikov. " Most Importantly, this engagement feature doesn't require months of development. In as little as 30 mins, you can add crypto earning capabilities to your existing telematics-based apps for safe driving. " So, how does it work? Damoov's proprietary machine learning-based algorithm measures smartphone sensors data and translates it into driving behaviors, vehicle position and other variables to calculate Safe Driving Score, Eco Driving Score, and other performance metrics. These metrics can then be used as input for rewarding drivers as well as vehicle utilization. While such rewarding capabilities were already present in Damoov's telematics suite, the rewards get more real with the new developments. When it comes to Crypto gaming, we are also looking at some exciting possibilities. " We are in talks with Crypto Game Developers as well. We will soon see games where your real-life driving skills are linked to your virtual car and can reward you in the virtual world via crypto tokens," adds Shornikov. Damoov supports any 3rd party tokens launched on Solana or NEAR protocols, so Developers can launch their own tokens and connect them to Damoov platform. Founded in 2019 and headquartered in Washington, Damoov has so far raised funding from Alchemist Accelerator and StartaVC. Contact Details Ivan Shornikov PR Contact connect@damoov.com Company Website https://damoov.com

May 25, 2022 07:25 AM Eastern Daylight Time

TRUST & WILL ACQUIRES EZ-PROBATE TO FURTHER ENHANCE ESTATE PLANNING EXPERIENCE

Trust & Will

Trust & Will, the leading digital estate planning platform, today announced the acquisition of EZ-Probate, the nation’s leading digital probate settlement provider. This acquisition will provide a more comprehensive estate planning experience for Trust & Will members, advisors, and partners by adding estate settlement and probate assistance benefits to the holistic portfolio of estate planning documents. EZ-Probate is an affordable and alternative approach to the traditional attorney probate process, helping families settle estates and navigate the probate legal procedure. Since its launch in 2016, EZ-Probate has resolved more than 3,500 cases and saved customers more than $30M in legal fees related to probate. On average, estates are settled within six months and for as little as $600 using EZ-Probate’s service. Probate is the legal process a person’s estate goes through after they pass away to distribute their assets to the proper heirs. There are estimated to be more than one million new probate cases in the U.S. each year. The average time to settle an estate using a traditional attorney takes up to 14 months and roughly $10,000 in legal fees. This is Trust & Will’s first acquisition to support its mission to help every family leave their legacy, accelerating its increased focus on digital asset and estate management and wealth distribution. “We are humbled to work directly alongside EZ-Probate, a brand and team that I’ve admired in the end-of-life planning space for years,” said Cody Barbo, Founder & CEO of Trust & Will. “By integrating EZ-Probate into our estate planning platform, we can better serve families with customized and affordable solutions to fit their needs and help build generational wealth.” Both Trust & Will and EZ-Probate were created from their founders’ desires to modernize an antiquated industry that caused families financial and mental stress to carry out the wishes of their loved ones through estate planning and settlement. EZ-Probate was founded by Byron Batres, CFP ®, who serves as the company’s CEO. He will transition into a new role at Trust & Will as General Manager of Probate. “We are excited to join the growing Trust & Will team and help more families tackle the process of settling estates,” said Byron Batres, CEO of EZ-Probate. “I founded EZ-Probate after my own experience of acting as an executor for my family’s estate. Even with years as a Certified Financial Professional under my belt, I was extremely frustrated by the slow and expensive legal process. By merging with Trust & Will, we can help more families navigate the complex processes involved with estate settlement by providing much-needed access to affordable legal services that are a fraction of the cost of a typical attorney.” The existing EZ-Probate team will be joining the newly formed Probate team within Trust & Will, bringing the company’s remote workforce to more than 90 employees across 19 states. To learn more, visit http://trustandwill.com/probate-acquisition. ##### ABOUT TRUST & WILL Trust & Will is a modern approach to digital estate planning, offering legally valid documents designed and approved by estate planning attorneys to adhere to individual state guidelines. Since 2017, more than 300,000 Trust & Will members have created an online estate plan to set up their family legacy. We make estate planning simple, affordable, and accessible by providing a secure way to set up a plan online in minutes, using bank-level encryption that protects customer data and complies with the highest security standards, including SOC2. Trust & Will is the official estate planning benefit provider for AARP members and is a proud partner of several leading financial institutions, including Northwestern Mutual and Haven Life. To learn more, visit trustandwill.com. ABOUT EZ-PROBATE EZ-Probate is the easiest and most cost-effective way to probate an estate in the U.S. Our proprietary software prepares ready-to-sign documents vetted by probate attorneys with easy-to-follow instructions, empowering customers to expedite the process conveniently, and either avoid probate or probate an estate on their own, significantly reducing costs, time and stress. For more information, visit ez-probate.com. Contact Details Trust & Will Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

May 25, 2022 07:04 AM Eastern Daylight Time

PreSkale secures funding round for capturing PreSales Intelligence to create sales playbooks

PreSkale

Tech start-up PreSkale is capturing intel that helps people close a sale and is shining a light on the growing army of ‘PreSales' teams to become revenue creators. The PreSkale proposition and their all-in-one PreSales intelligence platform has raised a $500,000 pre-seed funding round today led by BoldCap with participation from PointOne Capital and strategic angel investors including Sathya Nellore Sampath, Ajith Sowndararajan, Vaidhyanathan, Jayagopal and Archana Priyadarshini. PreSkale was founded in 2021 by Ajay Jay (Co-founder & CEO) and Prashanth Ganesh (Co-founder & COO) to improve product adoption early in the sales cycle and connect PreSales insights with go-to-market teams. During his time at Freshworks & RFPIO, Ajay worked with enterprise clients — managing documents, meetings, product discussions, POCs, RFPs, and other assets across a dozen tools. The workflow was super-tedious, and lacked a centralized platform to offer a well rounded product evaluation experience. Ajay quickly realized his efforts and time weren’t documented either, and it was impossible to track or analyze PreSales influence and contribution across the sales lifecycle. He started creating one-pagers to store evaluation plans and customer interactions during evaluation. These one-pagers were an instant hit during internal strategy discussions and with external stakeholders as well, as they helped get more done, faster. Ajay collaborated with Prashanth to iterate on this idea, and with an urge to solve these challenges they started building the platform for everything PreSales. According to McKinsey, the PreSales engine can yield a five-point improvement in conversion rates, a 6–13% improvement in revenue, and a 10 – 20% improvement in the speed of moving prospects through the sales process. McKinsey found that companies with strong PreSales capabilities consistently achieve win rates of 40 – 50% in new businesses and 80 – 90% in renewal businesses — well above average rates. Recognising the change in buyers mind-set and the impact of PreSales within the Go-To-Market ecosystem, G2 has announced PreSales as a new category in April 2022. “PreSales stands to be one of the most influential, and impactful go-to-market (GTM) functions for all B2B teams. Yet, today PreSales doesn't garner the same value as other GTM teams. We're building PreSkale to level up PreSales operations for PreSales Engineers, and organizations. From managing day-to-day account tasks, notes, and meetings to generating master-playbooks filled with valuable insights to help PreSales engineers build better product experiences, and improve product adoption, PreSkale does it all” commented Ajay Jay, Cofounder & CEO of PreSkale PreSkale will use the funds to grow its customer base by 20x and team size by 3x over the next 12 months. It will also invest in Go-To-Market strategy and marketing initiatives to increase reach and awareness. “PreSales is a relatively large team in most companies, and they generally collaborate across sales, product, and engineering teams. They enable sales teams to sell better and bring customer intelligence, and product requirements back to product and engineering teams. They are important, yet a massively underserved team, and that’s what got us excited” commented Sathya Nellore Sampat, General Partner at BoldCap. About PreSkale PreSkale helps PreSales teams streamline evaluation experiences, deliver impactful solutions, and improve technical conversions. With PreSkale teams can: 1) Streamline everyday operations effortlessly with the unified workspace and the seamless integrations with existing systems. 2) Identify and engage with best-fit prospects, document niche product interactions, and accelerate product conviction to drive sales conversions; and 3) GTM functions can make data-driven decisions with intelligent playbooks powered by PreSales evaluation plans, interactions, efforts, and insights to make effective strategies. For more information please visit https://www.preskale.com/ or follow the company on LinkedIn and Twitter Contact Details Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.preskale.com/

May 25, 2022 07:00 AM Eastern Daylight Time

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News Release

Cube Chain Test-Net Goes Online: A Prelude to Enhanced On-Chain User Experience

Cube

Cube Chain, a new modular permissionless blockchain with multi-chain architecture, today announced the official launch of its test-net. Cube Chain is specially designed to unlock the full potential of GameFi, Metaverses, and DeFi. Touted as the next-generation, high-performance network, it boasts features such as low-cost transactions, EVM and Cosmos ecosystem compatibility, and innovative BFT protocol. With the growth of GameFi, DeFi, and NFT, transaction volumes on chains have increased exponentially, and early public chains have been unable to meet the needs of users. For example, Ethereum takes about 10 minutes to complete a transaction during peak periods and gas fees can reach several hundreds of dollars. To meet the needs of the industry, Cube Chain takes the high-performance Layer 1 blockchain as the base and fundamentally solves the problem of blockchain expansion, providing users with a fast and low cost trading platform. Core features of Cube Chain include: ● Modular layered architecture with built-in and self-developed Collaborative Rollup to ensure transaction security. ● "Chaos" Consensus: a brand new pipelined-optimized BFT consensus that comes with high throughput, decentralization, security, and fast transaction confirmation. ● Multi-Chain: a decentralized cross-chain communication protocol named “Time Crossing”, which supports cross-chain DeFi contract calls and is compatible with Cosmos IBC protocol supporting a seamless migration of applications within the ecosystems. To improve the performance of the chain and offer a better user experience, Cube will hold a test-net incentive activity online from May 25 to June 25. During this period, developers can participate in the DAPP deployment competition and receive gas fee rewards. In addition, hackathons will also be held during this period, with grants disbursed to winning teams. It also gives an opportunity for all participants to become the first guests of Cube's global roadshow and live broadcasts. Users can participate in the Cube DAO organization through the decentralized identity system and experience the test-net. In addition, all participants have the opportunity to share a prize pool of 2000 exclusive NFTs and obtain rights and interests such as whitelist, token priority purchase, priority investment dividends, and other rewards. Cube Chain will actively participate in the Web3.0 development and construction of decentralized cross-chain protocols, focusing on innovation for Web3.0 infrastructure with the aim to become an integral part of the future Metaverse. For more information about Cube, please visit: https://www.cube.network/ About Cube Cube is a high-performance, scalable and modular layer1 public chain, capable of supporting multi-chain and cross-chain architecture. Compatible with EVM and Cosmos ecosystems, Cube is actively committed to participating in the development of decentralized cross-chain protocols and Web3.0 infrastructure to provide users with the next-generation multi-chain experience. Contact Cube Twitter ： https://twitter.com/Cube0x Telegram ： https://t.me/Cube_Network Contact Details Ker Zheng media@global-hgroup.com

May 25, 2022 06:00 AM Eastern Daylight Time

Revolutionize Remote Working with New Automated Lecture Capture Solution – CaptureCast™

NewTek

NewTek, the leader in IP-based video technology and part of the Vizrt Group, announces today the latest in its innovative portfolio, CaptureCast; a ground-breaking multi-input recording and live streaming technology to drive active participation, engagement, and experience for remote working, training, onboarding, and more. The IP-based lecture capture and micro broadcasting system will connect colleagues from boardroom to boardroom, home office to home office, and corporate headquarters to employees all throughout the globe. Easy to implement and fully autonomous, CaptureCast doesn’t require a dedicated operator leaving users more time, effort, and energy to focus on collaborative communication. Connect, globally. CaptureCast is the first solution on the market to harness the power of NDI ® by connecting camera apps on mobile, software screen capture, and thousands of compatible devices like PTZ cameras. Using NDI, CaptureCast also incorporates direct connection with video communication applications including Microsoft ® Teams, Zoom, among others. The innovative automation inside CaptureCast records any live devices such as cameras, mics, tablets, document cameras, and nearly any digital device offering HD video out, enabling remote participants to interact with video content more dynamically. With CaptureCast, workplaces can also deliver high quality, impactful videos to streamline onboarding new employees, increase quality of training for current employees and more as the technology automatically records live video and files for on-demand access. Pre-recorded content can be reviewed on replay, or content can be accessed in real-time offering more flexibility to recording sessions and reaching global audiences more easily. Stream, seamlessly. Furthermore, CaptureCast takes any live capture and instantaneously replicates it across any streaming platforms to empower remote participants to switch between viewpoints, cameras, or screens to completely personalize, and take control of their video viewing experience. CaptureCast automates the entire record-stream-enrichment process. It moves between different set-ups for any given class, to a pre-programmed schedule or timetable, and intelligently maps the captured content to common learning or content management systems – all without any input from HR or IT staff. Each set-up can be customized to any style of lecture, speaker, or for totally exceptional and out-of-the-box hybrid working experiences. “Video is embedded in every area of society and in today’s world anyone can get on camera and connect to an audience. Micro-broadcasting has become a need for corporations to meet the growing need of servicing distance workers, and outfitting rooms for flex/hybrid instructions to deliver an enhanced experience to drive engagement and productivity for the workplace of the future,” states Barbara Spicek, President, and GM, NewTek. For more information on NewTek’s CaptureCast, visit: www.newtek.com About NewTek: NewTek is the leader in IP video technology that gives every storyteller a voice through video. Working exclusively with selected Channel Partners around the world to bring its innovative solutions to market, NewTek empowers customers to grow their audiences, brands, and businesses faster than ever before. NewTek products are natively IP-centric via NDI ®. Clients include: The Supreme Court of the United Kingdom, New York Giants, NBA Development League, NHL, Nickelodeon, CBS Radio, ESPN Radio, Fox Sports, MTV, the National Aeronautics and Space Administration (NASA), Pinsent Masons LLP, and more than 80% of the U.S. Fortune 100. NewTek is part of the Vizrt Group alongside its sister brands, Vizrt and NDI. NewTek follows the single purpose of this Group; more stories, better told. www.newtek.com NDI, TriCaster, TalkShow, 3Play, LightWave 3D, and Broadcast Minds are registered trademarks of NewTek, Inc. MediaDS, LightWave, ProTek, LivePanel, LiveGraphics, and ProServ are trademarks and/or service marks of NewTek, Inc. All other products or brand names mentioned are trademarks or registered trademarks of their respective holders. About NDI® NDI® (Network Device Interface technology), is a royalty-free standard enabling IP video workflows across standard Ethernet networks, which advances our customer’s software-drive IP workflows. It allows video and audio sources to be shared bi-directionally across a network, eliminating the need for costly direct connections, expensive cable runs, and infrastructure upgrades while turning every source into a destination instantly available anywhere on the network - enabling our mission of “moving video, moving the world”. NDI® is in the hands of millions of customers using applications and devices that are NDI®-enabled and has been adopted by more media organizations than any other IP standard, therefore creating the industry’s largest IP ecosystem of products and the rapidly expanding number of companies enabling IP-based customer workflows. www.ndi.tv About the Vizrt Group: Vizrt Group® runs under the passionately held single, simple purpose of “more stories, better told,” supplying media content creators around the world with software-defined visual storytelling tools to help them to build a better-informed world. The Group contains three of the strongest names in the broadcast technology industry; NewTek, NDI® and Vizrt. All three being creative businesses, built on innovation and grown by our people, with the goal of becoming the most recommended solution provider in the markets we serve. We combine our strategic pillars of Content-Centricity, Software-Defined, IP First, and Innovation to increase our customers’ success in delivering engaging and immersive content to their audiences. Vizrt Group is a global and diverse organization with over 600 employees from 58 different nationalities, with offices in 16 countries worldwide. It is privately-owned by Nordic Capital Fund VIII. www.vizrtgroup.com Contact Details Vizrt Group Cath Webb cwebb@vizrt.com Company Website https://www.newtek.com/

May 25, 2022 03:00 AM Eastern Daylight Time

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Comodo and AquaOrange Software Partner to Deliver Zero Trust Endpoint Protection to Thailand

Comodo

Comodo Security Solutions, a leading provider of endpoint protection, today announced that they have partnered with AquaOrange Software, a large managed-service provider in Thailand, to boost presence and better support customers in Southeast Asia. The company will now deliver Comodo ’ s patented Auto-Containment technology to defeat zero-day attacks with no impact to their customer ’ s end-user experience. This partnership comes at a critical time as ransomware attacks are increasing exponentially. More than 300,000 new ransomware variants are released each day. While other cybersecurity solutions detect and report on threats, Comodo ’ s Advanced Endpoint Protection (AEP) is the only solution on the market that both protects and prevents 100% of ransomware and other malware before any damage occurs. “ The costs of ransomware attacks are becoming astronomical, and can be absolutely devastating especially for smaller and mid-market enterprises,” said Ezra Correa, Vice President of Global Markets at Comodo Security Solutions. “ We ’ re thrilled to be partnering with AquaOrange Software to extend our reach and provide a comprehensive solution for endpoint protection to customers in Southeast Asia.” “ We couldn ’ t be happier to enter into this partnership and provide our customers with the best in endpoint protection,” said Shanan Farid, CEO and Founder of AquaOrange Software. “ This will significantly improve the threat landscape in our region during a most critical time. Where other vendors fall short, Comodo AEP defeats all zero-day attacks, keeping our customer ’ s infrastructure safe and malware free.” For more information, visit www.comodo.com or https://www.aquaorange.co.th/comodo. About Comodo Headquartered in Bloomfield, NJ, Comodo’s mission is to help customers avoid breaches with groundbreaking isolation technology that fully neutralizes ransomware, zero-day malware, and cyber-attacks that other security providers can’t do. We deliver active breach prevention with patented auto containment technology. Our Unified Endpoint integrates this technology with critical components like our highly rated advanced endpoint protection, endpoint detection and response, and endpoint management to offer a single cloud-accessible Active Breach Protection solution. Comodo’s SOC-as-a-Service team makes the solution a frictionless, high-security implementation. For more information, visit https://www.comodo.com/. About AquaOrange Software AquaOrange Software Thailand has been in business for over 21 years and has worked on over 600 Zoho CRM projects in Thailand. They are one of Thailandâs leading authorized Zoho partners. The company caters to mainly small businesses right up to enterprise customers. AquaOrange Software provides consultancy, implementation service, training, and onboarding services in addition to full-time consultancy to manage and assist managers using the CRM solution. For more information visit https://www.aquaorange.co.th/. Telephone: +662 6863440 AquaOrange Software Co., Ltd. 1 Empire Tower 47F, Room 4703 South Sathorn Road, Yannawa, Khet Sathorn Bangkok 10120 Thailand. Contact Details Comodo Ashley Pontius +1 813-409-4091 ashley@ashleypontiuspr.com Company Website http://www.comodo.com

May 24, 2022 11:00 PM Eastern Daylight Time

New DataWeave Beauty Report Finds Over a Third of SKUs Increased in Price in April 2022, 10 Times the Number of Price Increases in April 2021

DataWeave

DataWeave, a global leader in retail data, pricing and AI analytics, today released its report Optimizing Online Beauty Sales in a Changing Business Environment. In an analysis of some 200,000 SKUs, the research examines how brands and retailers are adjusting their pricing in an inflationary environment as they work to stay engaged with an increasingly price-sensitive consumer. The study digs deep into what’s driving price and explores the strategies that helped some beauty e-retailers and brands succeed during the period from April 2021 through April 2022, as consumers started returning to stores. DataWeave’s Beauty Retail report analyzes prices, availability, assortment, and discoverability by brand, category and retailer in light of inflation and market-driven economic changes. “Despite supply chain disruptions, shifting consumer demands and persistent inflationary trends, many retailers fared well during this period. While increased production and shipping costs forced most beauty industry players to raise prices on many of their products, smart tech investment and a firm eye on the changing pricing needs of the American consumer have helped top brands and retailers thrive during the period we examined,” said Karthik Bettadapura, CEO of DataWeave. “We will continue to watch the Beauty sector closely, as it may serve as a bellwether for inflationary trends across the retail value chain.” The report analyzed 1,500 brands at 13 top performing beauty e-retailers, finding that on average, more than a third of SKUs examined saw raised prices in April 2022, compared with only 3.6 percent back in April 2021. Additionally, top beauty brands have been expanding their range of low- and mid-price offerings. DataWeave analysts predict that these trends are likely to continue as price increases across consumer categories push buyers to make choices in how they spend in the months ahead. With the skincare category in particular on the rise as U.S. beauty shoppers choose skincare products over cosmetics, the report authors suggest that retailers prioritize their skincare inventory. “Availability and affordability were buzzwords for top beauty brands, who maintained superior in-stock availability through 2021 and into 2022. Across the major beauty brands and retailers we analyzed, the defining trends we identified are a shift toward producing more low and mid-tier items and an expansion of investments in tech-driven consumer marketing,” said Krishnan Thyagarajan, president and COO of DataWeave. Report Methodology To come to its findings, DataWeave analyzed 200,000 SKUs, tracking price variations, stock availability, and product assortment changes across 1,500 brands at 13 top performing beauty e-retailers, over the period April 2021 to April 2022, noting price variations, stock availability, and product assortment changes. DataWeave is a leading provider of advanced sales optimization solutions for e-commerce businesses, consumer brands and marketplaces. The AI-driven proprietary technology and language-agnostic platform aggregates consumable and actionable Competitive Intelligence across 500+ billion data points globally, in 25+ languages, with insights to drive performance for more than 400,000 brands across 1,500+ websites tracked across 20+ verticals and ensure online performance is always optimized. Learn more about the power of big data and global level analytics in understanding the rapidly changing retail industry at DataWeave.com. Contact Details Meir Kahtan Public Relations, LLC (MKPR) Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://dataweave.com

May 24, 2022 10:30 AM Eastern Daylight Time

Proteus Ocean Group Ltd. Engages DRASS Group To Build PROTEUS™, the International Space Station of the Ocean

PROTEUS

Proteus Ocean Group Ltd., the social enterprise building and operating PROTEUS™, the world's most advanced underwater research station, has selected Italy-based engineering firm DRASS Group as its Engineering Procurement Construction (EPC) partner. DRASS Group is a world leader in subsea and hyperbaric technologies and will partner and consult on the design, construction, and onsite installation of PROTEUS™. "From Fabien Cousteau’s lifelong commitment to the understanding, appreciation, and protection of our oceans and Drass Group’s rich history of reliable subsea technology, this partnership brings over 200 years of legacy and experience to create what will be the future of ocean conservation and exploration," said Lisa Marrocchino, CEO at Proteus Ocean Group Ltd. "We look forward to seeing how DRASS Group blends its expertise with our vision to deliver a global collaborative platform capable of aiding in the advancement of research, development, and solutions addressing some of the world’s largest challenges." The partnership marks the first time in its history that DRASS Group has partnered with and invested in a project, signing a memorandum of understanding (MOU) with Proteus Ocean Group Ltd., providing the company with equity compensation in place of the standard profit margin. As part of its agreement, DRASS Group will be committing their top engineers to design, develop, and construct PROTEUS™. “This partnership is a historic milestone in over a century of business for DRASS Group. We've been captivated by the PROTEUS™ team's vision for subsea research and the use of technology as a tool to safeguard our oceans and unlock its immense potential," said Sergio Cappelletti, Managing Director of DRASS Group. "We're confident in this mission and have chosen to invest directly in PROTEUS™ as we progress toward a sustainable interaction between mankind and the ocean." PROTEUS™ will feature state-of-the-art research labs for onsite experimentation, full-scale video production facility for media and continuous live stream educational programming, and a moon pool to provide researchers with seamless access to the ocean. It will also include the first underwater greenhouse and social areas, workspaces, and sleeping quarters for up to 20+ occupants. “Inspired by the work of the explorers and builders before us, PROTEUS™ will play a vital role in the conservation and understanding of our oceans, furthering ocean science, enabling exploration and establishing the human ocean connection needed to inspire future generations to protect humanity’s source of life,” commented Fabien Cousteau, Founder, Executive and Board Member at Proteus Ocean Group Ltd. “We are thrilled to partner with the DRASS Group team, who are equally invested in the future of the ocean and move another step closer to seeing our vision for PROTEUS™ come to life.” Located in richly biodiverse marine-protected water off the coast of Curaçao, PROTEUS™ aims to enable researchers, academics, government and private industries, media, and private aquanauts to spend more time at-depth, and leverage storytelling, immersive experiences, adventure, and education to bring ocean science to life for global audiences. Proteus Ocean Group is currently working alongside DRASS Group to outline the project's scope, deliverables, and schedule, to align on Founder, Board Member and aquanaut, Fabien Cousteau's final vision for the final design slated to be unveiled later this year. The installation of PROTEUS™ is anticipated to begin in 2025. About PROTEUS™ Proteus Ocean Group Ltd. is developing PROTEUS™, the world's most advanced underwater station, built to enable research seeking to address the most pressing issues the Earth faces. The multi-purpose marine platform will feature an onsite observatory, state-of-the-art research lab and habitat to facilitate life and work at depth. Accessible to academia, government, private industry, media and visitors, PROTEUS™ will also be essential to education and the advancement of marine research and development to drive disruptive scientific breakthroughs across areas including medicine, genetics, sustainable energy and food cultivation. For additional information visit: https://www.proteusoceangroup.com. About DRASS Group Drass is a historic Italian company excelling in the high-tech diving and hyperbaric sector, providing specialized solutions and products in the military, industrial and medical fields. Combining solid experience and a continuous drive for innovation, it is active with recognized leadership in a highly competitive international market. There are 200 highly specialized professionals working in the offices in Rome, Livorno, Dubai and Timisoara (Romania) locations. For additional information visit: https://www.drass.tech. Contact Details Kite Hill PR Patrice Gamble +1 918-845-2359 patrice@kitehillpr.com Company Website https://www.proteusoceangroup.com/

May 24, 2022 08:00 AM Eastern Daylight Time

Volatus Aerospace to showcase leading Tactical ISTAR Drone at CANSEC as part of its Strategic Partnership with Aerovel

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") is pleased to announce a strategic partnership with Aerovel, manufacturer of the Flexrotor. The Russian invasion of Ukraine prompted Volatus to seek an industry-leading UAV solution with exceptional military accuracy, intelligence, surveillance, target acquisition, and reconnaissance ("ISTAR") capabilities. "We have been supplying small ISR drones to Ukrainian forces, and our team is in regular contact with Ukrainian defenders on the frontline. Aerorozvidka leadership tell us that the small drones are becoming less effective because of their low altitude and short endurance combined with Russian jamming. Lt. Col. Yaroslav Honchar shared that Russian forces have dug in and are indiscriminately bombarding Ukraine's civilian populations from concealed places, with no regard for the death and destruction inflicted on non-military targets. Ukraine needs dynamic situational awareness and accurate targeting," said Glen Lynch, Volatus CEO. "The Aerovel Flexrotor is capable of altitudes of up to 6.5 km, airspeeds of up to 170 kph and staying aloft for up to 30 hours, making it the ideal solution. We look forward to broadening our relationship with Aerovel as we work to supply Ukraine with the capabilities they need to protect civilian populations targetted by Russia.” Volatus will showcase the Flexrotor at CANSEC 2022, Canada's largest global defence and security trade show. The company has indoor (#801 and #1911) and outdoor (#3036) booths. Ali Dian, Aerovel CEO, stated: "We are hopeful that we can support Ukraine and its courageous defence fighters. Volatus and Aerovel have a shared vision of the enormous market potential for the Flexrotor as global defence ministries realize how critical it is to have these UAV-enabled ISR and ISTAR capabilities. Our relationship with Volatus also provides the capability to expand our manufacturing to Canada. We’re looking forward to standing together at CANSEC 2022.” About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. 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. 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. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 24, 2022 07:45 AM Eastern Daylight Time

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