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ZOOMEX Leads the Charge for Gender Equality in the Crypto Industry

Zoomex

In the swiftly evolving world of cryptocurrency, ZOOMEX stands out as a pioneer dedicated to fostering a more inclusive and gender-equal industry. The global digital currency trading platform proudly announces a series of initiatives aimed at breaking down barriers and promoting gender diversity within the crypto space. These efforts are part of ZOOMEX ’s broader mission to champion diversity, equity, and inclusion (DEI) across all its operations. Commitment to Gender Equality The world of cryptocurrency has often been criticized for its gender gap, with women historically underrepresented in the industry. Recognizing this disparity, ZOOMEX is taking concrete steps to build a more balanced and inclusive environment. The exchange firmly believes that gender diversity is not just a moral imperative but also a business advantage that drives innovation and growth. “At ZOOMEX, we understand that diversity of thought and experience can propel our industry to new heights,” stated Ashley Levin, spokesperson of ZOOMEX. “We are committed to creating opportunities for women and other underrepresented groups in crypto, ensuring they have a voice and a seat at the table.” Leadership and Representation Leading by example, ZOOMEX has made significant strides in promoting women to leadership positions within the company. The exchange’s executive team is a testament to this commitment, featuring accomplished women in key roles such as Chief Financial Officer, Chief Compliance Officer, and Head of Marketing. “Having women in leadership positions is crucial for driving change,” commented Ashley Levin, spokesperson of ZOOMEX. “Our presence at the decision-making level sends a powerful message about the importance of gender diversity and serves as an inspiration for other women in the industry.” Educational Programs and Mentorship Education is a cornerstone of ZOOMEX ’s gender equality initiatives. The exchange has launched various programs aimed at educating and empowering women in cryptocurrency. These include scholarships for women pursuing blockchain-related studies, webinars featuring female industry leaders, and partnerships with educational institutions to develop inclusive curriculums. Additionally, ZOOMEX has established a mentorship program that pairs experienced female professionals with newcomers to the crypto industry. This initiative provides guidance, support, and networking opportunities, helping to bridge the gap for women entering this traditionally male-dominated field. “Our mentorship program is designed to empower the next generation of female crypto enthusiasts and professionals,” said Ashley Levin, spokesperson of ZOOMEX. “By connecting them with industry veterans, we hope to foster an inclusive community where knowledge and experience are shared freely.” Creating a Supportive Work Environment ZOOMEX recognizes that fostering gender equality requires a supportive and inclusive work environment. To this end, the exchange has implemented family-friendly policies, including flexible working hours, parental leave, and childcare support. These measures aim to create a workplace where all employees, regardless of gender, can thrive. “Creating a supportive work environment is key to retaining top talent,” said Ashley Levin, spokesperson of ZOOMEX. “Our policies are designed to ensure that our employees can balance their professional and personal lives. We want everyone, regardless of gender, to feel valued and supported at ZOOMEX.” Community Engagement and Advocacy Beyond internal initiatives, ZOOMEX is also actively engaged in promoting gender equality across the broader crypto community. The exchange regularly sponsors and participates in events that highlight the contributions of women to the industry, such as conferences, panel discussions, and hackathons. ZOOMEX is also a proud partner of several organizations dedicated to advancing women in technology and finance. By supporting these groups, the exchange aims to amplify the voices of women in crypto and advocate for policies that promote gender diversity. “Community engagement is a vital part of our mission,” explained Ashley Levin, spokesperson of ZOOMEX. “We are committed to supporting organizations and initiatives that champion gender diversity in our industry. By working together, we can create lasting change.” Global Initiatives and Impact ZOOMEX ’s commitment to gender equality is not confined to a single region; it is a global mission. The exchange is actively working to promote inclusivity in all the markets it operates in, recognizing that gender equality is a universal issue that requires a concerted effort. To further this goal, ZOOMEX has established regional diversity and inclusion committees tasked with addressing specific challenges and opportunities in different areas. These committees provide valuable insights and recommendations, ensuring that ZOOMEX ’s initiatives are culturally sensitive and impactful. “Gender equality is a global challenge, and we are dedicated to making a difference everywhere we operate,” said Ashley Levin, spokesperson of ZOOMEX. “Our regional committees play a crucial role in tailoring our initiatives to meet local needs and create meaningful impact.” Future Goals and Vision Looking ahead, ZOOMEX remains steadfast in its commitment to gender equality. The exchange has set ambitious goals to increase female representation at all levels of the company and within its user base. This includes a target of achieving 50% gender parity in its workforce by 2028, as well as increasing the number of female traders and investors on its platform. To achieve these goals, ZOOMEX will continue to invest in education, mentorship, community engagement, and policy advocacy. The exchange believes that by fostering a more gender-diverse industry, it can unlock new opportunities for growth and innovation. “We have made significant progress, but there is still much work to be done,” concluded Ashley Levin, spokesperson of ZOOMEX. “Our vision is a crypto industry where gender equality is the norm, not the exception. We are committed to leading this change and creating a more inclusive future for all.” About ZOOMEX ZOOMEX is a premier cryptocurrency exchange dedicated to providing a swift, stable and secure platform for trading cryptocurrencies. Committed to diversity, equity, and inclusion, ZOOMEX strives to create a more inclusive and equitable crypto industry for all. Zoomex Official: https://www.zoomex.com X (Twitter): https://twitter.com/ZoomexOfficial Telegram: https://t.me/zoomex_com LinkedIn: https://www.linkedin.com/company/zoomex-com Contact Person: Ashley Levin Business Mail: business@zoomex.com Contact Details ZOOMEX Ashley Levin business@zoomex.com

June 21, 2024 03:30 PM Eastern Daylight Time

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Aberdeen Limited Secures Landmark Victory in European Court Case

Aberdeen Limited

In a landmark decision, Aberdeen Limited, a leading fixed rate bond advisor, has emerged victorious in a high-profile legal battle that has spanned over two years. The European Court has ruled in favor of Aberdeen Limited, aﬃrming its right to operate within the European Union, marking a significant triumph for the company and the financial services sector. The case, which has garnered substantial attention due to its implications for cross-border financial operations within the EU, saw Aberdeen Limited pitted against a prominent bank. While the identity of the bank remains undisclosed, the court’s decision unequivocally supports Aberdeen’s position, ensuring their continued presence and operations in the European market. The court’s ruling also includes a substantial settlement for Aberdeen Limited. The company will receive an undisclosed sum in damages and compensation for loss of earnings, addressing the financial impact of the protracted legal proceedings and the accusations leveled against them. A spokesperson for Aberdeen Limited expressed immense satisfaction with the court’s decision. “We are delighted with the outcome,” he stated. “This ruling not only reaﬃrms our right to operate within the European Union but also vindicates our stance throughout this challenging period. While we always had confidence in our position and the eventual outcome, it is gratifying to see justice served so decisively.” The spokesperson further emphasized that this victory is a testament to Aberdeen Limited’s commitment to integrity and excellence in the financial services sector. “We have maintained our dedication to providing superior financial solutions to our clients, and this decision allows us to continue doing so without hindrance. Our clients can rest assured that Aberdeen Limited remains a steadfast and reliable partner in their financial endeavors. The ruling is expected to have far-reaching implications for the financial services industry, particularly for firms operating across multiple jurisdictions within the EU. It underscores the importance of regulatory clarity and the protection of legitimate business operations against unfounded claims. Aberdeen Limited extends its gratitude to its legal team for their unwavering dedication and expertise throughout the case. The company also thanks its clients and stakeholders for their continued support and trust during this period. With this legal hurdle now overcome, Aberdeen Limited looks forward to expanding its services and reinforcing its position as a leader in the fixed rate bond market across Europe and beyond. About Aberdeen Limited Aberdeen Limited is a premier bond advisory firm specializing in fixed rate bonds. With a commitment to excellence and a focus on delivering tailored financial solutions, Aberdeen Limited serves a diverse clientele across the globe. Contact Details Aberdeen Limited Joe Cawley joe.cawley@aberdeen-ltd.com Company Website https://aberdeen-ltd.com/

June 21, 2024 12:31 PM Eastern Daylight Time

Media Advisory: Comcast Partners with Legendary Mexican Rock Band EL TRI to Provide ASL Interpretation for the First Time at Upcoming Music in the Park Concert

Comcast California

Comcast has partnered with legendary Mexican rock band, EL TRI to provide sign language interpretation for their June 22 Music in the Park performance at Plaza de Cesar Chavez in San Jose. This marks the first time that EL TRI, whose lyrics are in Spanish, will perform with sign language interpreters to provide greater accessibility to deaf and hard-of-hearing fans. In addition to interpreting the iconic lyrics of EL TRI, interpreters from Pro Bono ASL will translate the announcers of the traditional Lucha Libre matches that Music in the Park will offer as entertainment to attendees before the concert. WHAT: • Capture historic moments of ASL interpretation at Music in the Park • Interview ASL interpreters who have worked in shows with Bad Bunny, Juanes and Elvis Crespo • Hear from Comcast about its plans to serve the Deaf and hard-of-hearing community • Lucha Libre matches will feature local wrestlers such as "El Gladiador del aire,” "El Viento" and "Rey de las pesadillas” El Cucuy, WHEN: Saturday, June 22, 2024 Doors open at 4:00 PM PT Concert starts at 8:00 PM PT Lucha Libre Matches will happen throughout the event WHO: • Alex Lora and his legendary Mexican rock band EL TRI • ASL interpreters from Pro Bono ASL - an organization that specializes in bringing immigrant, first-gen, queer, multilingual and multicultural ASL interpreters to concerts and festivals across the U.S. • Comcast representatives WHERE: • Plaza de Cesar Chavez - 1 Paseo de San Antonio, San Jose, CA 95113 About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Comcast Adriana Arvizo +1 925-200-1919 adriana_arvizo@comcast.com Company Website https://california.comcast.com/

June 21, 2024 09:00 AM Pacific Daylight Time

EuroPacific Metals Expands Drilling Program at Miguel Vacas Mine

Europacific Metals Inc

EuroPacific Metals CEO Karim Rayani joined Steve Darling from Proactive to announce the expansion of the company's drill program at the Miguel Vacas mine area. The expansion includes an additional drill hole extending down to 350 meters, targeting the high-grade zone below the fourth hole where the company previously intersected a mineralized section. This new hole will also target a section approximately 80 meters north, where the results of the first hole showed 22.8 meters grading 2.76% copper, including 9.0 meters grading 7.49% copper. Rayani explained that a decision was made to extend the drilling program by adding an undercut inclined 350-meter hole to test the "fresh" mineralization below the oxidized rich material in the same section as hole EBMV004, which revealed a wide mineralized section. The mineralized system at Miguel Vacas extends at least 2 kilometers along strike and remains open at depth. It includes an 80-meter supergene blanket containing a suite of copper carbonates, phosphates, and oxides, which gradually transitions to a sulphide assemblage primarily composed of chalcopyrite and pyrite. To date, the company has completed 10 holes at the Miguel Vacas copper deposit, totaling 1,060 meters. This expanded drilling program underscores EuroPacific Metals' commitment to thoroughly exploring and developing the Miguel Vacas mine area, aiming to uncover substantial copper resources and enhance the project's overall value. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 21, 2024 11:53 AM Eastern Daylight Time

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Fathom Nickel Secures Permits for Expanded Exploration at Gochager Lake Project

Fathom Nickel Inc

Fathom Nickel CEO Ian Fraser joined Steve Darling from Proactive to announce that the company has secured all necessary permits to advance its exploration activities at the Gochager Lake project. This project, which hosts an historic NI43-101 non-compliant open-pit resource consisting of 4.3 million tons at 0.295% nickel and 0.081% copper, will now see significant development. The newly acquired permits enable Fathom Nickel to drill up to 60 drill holes and construct an all-season, 25-person camp. Additionally, the company has received permission to use temporary "fly camps" during the summer-fall field season. These camps will support site-specific airborne geophysical anomaly follow-ups, mapping and prospecting, soil geochemistry, and site-specific geophysical surveys. The exploration permit is valid for two years, expiring in 2026. Fraser also shared that the company mobilized field crews last week to begin a soil geochemical survey. The objective is to define a soil geochemical signature associated with the Gochager Lake deposit and use this signature to locate additional similar deposits. Detailed mapping, prospecting, and soil geochemical sampling will focus on areas of conductivity identified through surface time-domain electromagnetic surveys conducted last season. Moreover, the company plans to conduct a detailed drone-MAG survey over the historic Gochager Lake deposit area, covering approximately 385 line-kilometers. These advancements mark a pivotal step in Fathom Nickel's exploration strategy, underscoring the company's commitment to expanding its resource base and uncovering new mineral deposits at Gochager Lake. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

June 21, 2024 10:00 AM Eastern Daylight Time

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Mainz Biomed’s ColoAlert Potentially Puts It On A Similar Track As Big Name Cancer Screening Stocks

Benzinga

By Meg Flippin, Benzinga When it comes to screening for colorectal cancer, Mainz Biomed NV (NASDAQ: MYNZ) and Exact Sciences Corp. (NASDAQ: EXAS) have a lot in common. Both are overhauling the screening market for a cancer that kills 50,000 people each year. And both are doing it without an invasive test that requires hours of uncomfortable prep. Exact Sciences, which makes Cologuard and Mainz Biomed, which makes ColoAlert, are trailblazing with their at-home cancer screening tests. Cologuard in the U.S. and ColoAlert in Europe. Take ColoAlert for starters. It spots bleeding and non-bleeding tumors through tumor DNA analysis, offering what the company says is a better early detection than fecal occult blood tests. That’s important since almost all colorectal cancers develop from polyps that grow over time. The longer the polyps are present, the higher the risk of them becoming cancerous, which is why early screening has the potential to dramatically impact treatment and prevention. Caught early, the survival rate after five years is 90% for colorectal cancer. Exact Sciences’ Cologuard looks for colorectal neoplasia-associated DNA markers and for the presence of occult hemoglobin in human stool. It, too, says its screening technology is better at detecting colorectal cancer than blood tests. Similar But Different The companies both boast high accuracy rates and customer satisfaction. But that is where the similarities end. Exact Sciences dwarfs Mainz Biomed in size and sales, sporting a market cap of $7 billion to Mainz Biomed’s $12.6 million as of this writing. Exact Sciences stock, which trades at around $42 a share, has already had a runup, while Mainz Biomed, which is under $1.00 a share, is just starting out. That might not be forever, which could position Mainz to follow a similar trajectory to Exact Sciences and other diagnostics companies specializing in the detection of early-stage cancers. Exact Sciences launched Cologuard in 2014, becoming the first DNA test for colorectal cancer in the U.S. Since then, it has expanded into other cancers and its stock and business have taken off. Mainz has been in the market since 2018 and sales have been growing at double digits since then. Revenue for ColoAlert increased 69% year-over-year in 2023 and more growth is expected this year and beyond. ColoAlert Coming To The U.S. Mainz Biomed has already made a name for itself in Europe and is gearing up to bring ColoAlert to the U.S. ColoAlert is currently under evaluation by the Food and Drug Administration for use in the U.S. as part of its ReconAAsense clinical study of about 15,000 subjects from 150 sites across the United States. The results of the study, which is pivotal for FDA approval, are expected next year. Once approved, MYNZ says it plans to establish scalable distribution through a collaborative partner program with regional and national laboratory service providers across the country. If it does get the nod from the FDA, it could prove to be a catalyst for the company’s growth. It shouldn’t prove difficult given ColoAlert’s accuracy and ease of use. The company says ColoAlert detects 85% of colorectal cancer cases, often in the very early stages of the disease. A recent multicentric study of 566 patients simultaneously using the occult blood test, M2-PK test and ColoAlert, found ColoAlert, with a sensitivity of 85% and a specificity of 92%, was the most accurate test result among the non-invasive screening methods. The company plans to engage in further testing to validate the effectiveness of its screening over what’s already available in the market. “Combined DNA stool assay represents a reliable assay for detecting colorectal cancer, sufficient to be recommended as a supplement to colonoscopy screening,” the study researchers reported. Big Opportunity On The Horizon Then there is the market opportunity. As it stands, 37 million people in the U.S. get screened for rectal cancer each year. That could increase to 52 million per year within ten years as the population ages. In the United States there are 112 million people 50+, which is expected to increase to 157 million in the next decade. Of the U.S. population between 50 and 75, about 40% have never been screened. While the common practice is to start the screening at 50, the Food and Drug Administration says screening should start at age 45 and be conducted every three years. If that guidance is followed, it presents an even bigger opportunity for ColoAlert. All told, Mainz pegs the U.S. opportunity at $4 billion and the European market opportunity at $6 billion. Colorectal cancer is deadly but it doesn’t have to be. Companies like Exact Sciences and Mainz Biomed are turning the market on its head with their at-home screening tests. While Exact Sciences dwarfs Mainz in size, Mainz has a lot of potential, especially if it gets approval to sell its test in the U.S. With that coming down the pike, Mainz is a story worth keeping an eye on. Featured photo by National Cancer Institute on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:45 AM Eastern Daylight Time

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“One Of The Most Significant Developments In Rapid In Vitro Diagnostics Since Its Invention” Says Gemina Labs CEO About Company’s Revolutionary Technology

Benzinga

By Meg Flippin, Benzinga Gemina Laboratories (CNSX: GLAB), the biosensor and diagnostic company focused on rapid testing for respiratory and other pathogens that affect human health and wellness, is making waves in the diagnostics sector thanks to its cutting-edge, next-gen technology. Under the leadership of CEO Brian Firth, formerly COO of Swiss Precision Diagnostics and makers of the Clear Blue Pregnancy Test, Gemina Laboratories says it is poised to transform the landscape of rapid testing for respiratory diseases and beyond. It’s a big market opportunity, given chronic respiratory disease was the third-leading cause of death in 2019. Rapid testing for it and other pathogens can reduce the spread of life-threatening illnesses and help people get treated faster. Breakthrough In Point-Of-Care Diagnostics Gemina Labs specializes in the development of unique binding technologies for the Point-of-Care (PoC) diagnostic industry. Utilizing their proprietary chemistry, Gemina's innovations reduce production costs and improve the accuracy and the useability of diagnostic tests. The company’s "game-changing" chemistry is not only reserved for its own products. Gemina Labs is also licensing it to other producers to incorporate into their lateral flow technologies. "Our chemistry is one of the most significant developments in rapid in vitro diagnostics since its invention. It reduces production costs and improves accuracy," says Firth. Expanding Horizons And Industry Impact Gemina Labs is in growth mode, pursuing its vision to make affordable, rapid and lab-accurate PoC diagnostics available worldwide. The company’s cutting-edge technology and R&D capabilities have drawn significant attention from leading biochemists, healthcare professionals, academics and business leaders globally, including a big global diagnostics company. Gemina Labs just signed a licensing agreement with what it says is one of the leading players in the $106 billion global in vitro diagnostics market. Gemina says the agreement marks a major validation of its technology after a year of extensive scrutiny and evaluation by the diagnostics company. "This is an outstanding first for Gemina," said Firth. "We are now targeting similar licensing deals with strategic partners across the life sciences and medical device sectors to enable next-generation diagnostics with our unique suite of proprietary technologies." Financial And Commercial Implications The new partnership looks poised to have significant financial implications for both Gemina and the broader diagnostics market, thanks to Gemina’s ability to reduce the antibody requirements in lateral flow. As it stands, Gemina says the antibodies used in lateral flow cost up to $1,500 per mg. Gemina’s technology can potentially reduce that by 75%, translating into $3 billion in annual savings for the lateral flow diagnostics sector. That, says Firth, is a convincing commercial opportunity for partners. "Our diagnostic technology asset has passed rigorous testing by one of the best teams in the industry, resulting in this long-term relationship. We have previously reported how one of our technology breakthroughs saves up to 75% of antibodies used on lateral flow tests," Firth said. Future Prospects Looking ahead, Gemina Labs is strategically positioning itself for further growth through additional licensing deals and partnerships. The company’s goal is to continue expanding access to rapid, accurate diagnostics – making a positive difference in the medical, healthcare, wellness and occupational health sectors. Gemina Labs isn’t your run-of-the-mill diagnostics company. It sees itself as a transformative force with the potential to revolutionize how rapid diagnostics are developed and deployed globally. Investors and industry stakeholders may want to keep an eye on this potential rising star. Featured photo by Anastasiia Chepinska on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:45 AM Eastern Daylight Time

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Laser Photonics Inks Deals With Brokk, Fastenal And ISL To Bring Its Laser Technology To More Markets

Benzinga

By Meg Flippin, Benzinga From removing contaminants and cleaning corrosion to marking and engraving material, Laser Photonics Corporation (LPC) (NASDAQ: LASE) and its laser-based solutions are changing the way industry professionals work. The company's prowess has been on full display this year, with the Orlando, Florida-based company forging key strategic alliances that should position it for growth as it continues to expand. The laser-processing market was valued at $20.64 billion in 2022 and is expected to hit $44.02 billion by 2032 according to Precedence Research. Laser Photonics Corporation stands out in the laser industry space thanks to its next generation of leading-edge laser blasting technologies and equipment that the company says is precise, non-abrasive, eco-friendly, and FDA CDRH-certified. LPC’s technology also addresses the health, safety, environmental, and regulatory issues associated with currently used industrial processes, which is why it continues to gain Fortune 1000 companies in the aerospace, automotive, defense, energy, maritime, and space industries as clientele. Next Up: Robotic Lasers Laser Photonics recently announced a technology partnership with Brokk Inc., a leading manufacturer of remote-controlled robotic machines. The two are teaming up to bring laser technology to the mining, tunneling, construction, metal processing, military, nuclear disposal and decommissioning industries. "Our technology is a perfect match for the dynamic and complex jobs that Brokk machines undertake daily, and we are proud to have forged a technology partnership with the company," said Wayne Tupuola, CEO of LPC. "In this collaboration with Brokk, we stand at the intersection of automation and laser technology, pushing limits and providing operators with cutting-edge machines that help them streamline operations." Through the partnership, LPC and Brokk are aiming to change the way professionals work. Integrating LPC laser cleaning and cutting technology into Brokk's remote-controlled robots will enable operators to handle heavy jobs in dangerous settings more effectively and safely – whether it's decommissioning a nuclear plant or tunneling in a mine. "This technological partnership between Brokk and Laser Photonics translates to their laser cutting and surface cleaning technology being a valuable new addition to our state-of-the-art arsenal," said Brokk's Executive Vice President for Nuclear, Military, Security and Rescue, Tony Marlow. "Our brand is committed to providing reliable and safe remotely operated systems, and we look forward to equipping our robots with cutting-edge lasers. By collaborating with LPC, we continue to distinguish ourselves as the leader in our market while expanding our capabilities,” Marlow said. New Market Opportunities The partnership with Brokk Inc alone presents a big opportunity, but it's not the only recent partnership Laser Photonics has made. LPC recently entered into a distribution agreement with the Fastenal Company (NASDAQ: FAST) – the largest fastener distributor in North America and a leading distributor and provider of industrial technology and products – for its CleanTech line of laser systems. With LPC's laser cleaning technology, users can remove surface contaminants by directing a focused laser beam onto a targeted area to ablate unwanted material. It removes rust and corrosion while leaving the underlying substrate intact. As part of the distribution deal, LPC gets access to Fastenal's global distribution network and will benefit from the company's service model, which centers on approximately 3,300 locations, each supporting its local customer base. Laser Photonics says the partnership gives LPC access to one of the most robust and well-equipped distribution networks in the world. "This agreement will increase our customer base and expand our distributor network while equipping Fastenal with cutting-edge industrial laser solutions that its clients have been demanding," said Tupuola when announcing the distribution agreement earlier this year. "We look forward to building on this new relationship and providing world-class laser systems to an even larger audience." Initially, several products will be offered through Fastenal, including Laser Photonics' CleanTech Handheld LPC-50-CTHD Laser Cleaning System, its CleanTech Blaster Cabinet LPC-50-CTBC Laser Cleaning System and its MarkStar Handheld LPC-20-MSH Laser Engraving System, among others. Troy Parkos, Regional VP of the Wisconsin area for Fastenal, said earlier this year that the company receives a lot of inquiries from clients about laser technologies, including laser cleaning systems. "Our extensive distribution network and ability to deliver, paired with the cutting-edge technology of Laser Photonics, makes this the ideal partners Courting the Defense Industry Those two announcements are just the start for Laser Photonics as the company continues to build out its strategic network and partnerships. LPC recently announced that they entered into a distribution agreement with Incredible Supply & Logistics (ISL) – an award-winning product distribution, mission kitting and third-party logistics company that is specialized in supporting federal government customers and defense contractors as well as serving the maritime and space communities. This partnership will help LPC expand its distributor network while equipping ISL with the cutting-edge industrial laser solutions that its government and defense clients have been demanding. This will serve to increase LPC's presence in the defense industry, which the company has continued to grow. ISL and Laser Photonics have even gone as far as co-hosting an exhibit booth at The Technology Showcase in Norfolk Naval Shipyard (NNSY), which took place in May. The annual event was hosted by NNSY in partnership with the National Center for Manufacturing Sciences (NCMS), providing a platform for contractors and civilians to demonstrate or seek out innovative technologies and prospective solutions for the maritime industry. At the show, Laser Photonics and ISL presented a selection of laser systems, and LPC was able to demonstrate how its products can help with rust control, corrosion control and coating removal, optimizing MRO processes and streamlining inventory maintenance. Laser Photonics also highlighted its full portfolio of industrial-grade laser systems for material processing. Featured photo by Milind Kaduskar on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:35 AM Eastern Daylight Time

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North American Gold Rush Spotlights Strategically Positioned Explorers Like Austin Gold (AMEX: AUST)

Benzinga

By Gerelyn Terzo, Benzinga If you haven’t noticed, a 21st-century gold rush is underway, as soaring demand sent the price of the precious metal to an all-time high of close to $2,500 per ounce in May. However, traders and investors remain jittery about an indecisive Federal Reserve on the direction of interest rates this year, watching and waiting for any sign of easing inflation. As a result, after reaching a new record, the price of gold retreated last month, including a drop of over $100 in the United Arab Emirates (UAE) to a two-week low, before recovering. Nevertheless, long-term catalysts remain intact. In addition to providing diversification, gold serves as a hedge against inflation and offers investors a safe-haven asset in an otherwise volatile market environment. Analysts believe the gold price will test the $2,280-$2,300 range next. While gold never really goes out of fashion, economic headwinds coupled with geopolitical tensions have further increased the allure of the precious metal. This backdrop has given exploration companies and investors alike good reason to be more bullish than ever on gold. Whether it’s bars, coins or ETFs, investors are earmarking more of their portfolios for gold these days. In response, the gold price has been on a tear, climbing over 15% higher in the past six months alone, outshining its digital counterpart Bitcoin as investors opt for the physical asset. Through a long-term lens, the price of gold looks even better. Since hitting a bottom in Q4 2022, the value of gold has ballooned by 40%, while increasing almost 500% over the past two decades. As a result, gold explorers like Austin Gold (AMEX: AUST), with drilling projects planned this year on two North American fields, are strategically positioned to benefit from this phenomenon. Gold’s Resilience The Federal Reserve’s hawkish monetary policy combined with high inflation have kept traders and investors on edge. No assets are immune to pullbacks, and gold is no exception. Soon after reaching a new record this year, gold experienced a correction to below the psychologically sensitive $2,300 level in May. If there was any question about the current gold rush, central bankers put it to rest when they started stocking up on the commodity recently. While their interest in gold is nothing new, they have been buying in droves of late amid heightened geopolitical uncertainty, most notably U.S. sanctions on Russia amid U.S. dollar weakness. The bullion buying has been led by the People’s Bank of China, with the precious metal comprising 4.3% of its central bank reserves as of year-end 2023, up from 3.6% in 2022. Many investors view gold’s recent pullback as an opportunity to buy more of the precious metal at a discounted price. A sure sign of this demand can be spotted at big-box retailer Costco, which is having a difficult time keeping enough gold bars on its shelves, owing to robust demand. As of Q4 2023, Costco has been selling gold bars at approximately $2,000 per ounce. The company is generating sales hand over fist, in the range of $100 million-$200 million per month, despite tight profit margins, according to Wells Fargo analysts. Additionally, investors in Bitcoin, which is known as digital gold, are beginning to reconsider whether they should be betting instead on the physical asset. Bitcoin is similarly designed to serve as a safe-haven asset but has not produced the type of gains investors expected of late. Instead, one sector that looks especially attractive is gold mining stocks, which are looking increasingly bullish as the price of the precious metal soars. Billionaire investor and long-term gold bull Ray Dalio, who describes gold as “timeless and universal,” has given a plethora of reasons for owning gold in one’s portfolio. Most recently, Dalio said he’s using gold as a hedge against a potential debt crisis and high inflation, a similar catalyst among monetary policymakers. "[Gold] is held by central banks for this reason. In fact, gold is the third-most-held reserve currency by central banks,” he noted. Dalio, who also holds gold as a way to diversify his portfolio, fears a U.S. debt crisis could send the economy reeling, even into what he calls a “balance sheet recession.” That’s when businesses and households spend more to service debt than to grow the economy, making an even more compelling case for holding a resilient precious metal that is uncorrelated to the broader financial markets. Austin Gold’s Drilling Projects Shine Led by seasoned industry executives and advisors with impressive track records of mineral discoveries, Austin Gold’s management team boasts a deep bench of mining successes. The company’s seven directors have experience bringing exploration projects from discovery to more advanced stages and through to production. They’ve participated in the creation of three billion-dollar market cap resource companies, a model Austin Gold is looking to emulate. Having an experienced team is critically important in the mining sector, where past wins pave the way for future performance. Austin Gold specializes in district-scale gold discoveries in the Southwestern Great Basin area of the United States, with projects in the gold-rich regions like North Central Nevada as well as Southeast Oregon, where they recognize potential for significant discoveries. Nevada comprises three-quarters of U.S. gold production, rivaling the production of entire countries like China, Australia and Russia. “Our view with Austin is let’s go looking in the best jurisdiction for gold in the world, which is Nevada, and look for projects. We’re looking for elephants because we want to take them from discovering them to advancing them and selling them off to a major [mining company],” said Austin Gold Executive Chairman Joseph Ovsenek in a recent interview. As serial mine finders, Austin Gold’s trio of projects include Nevada’s Kelley Creek and Lone Mountain, as well as the Stockade Mountain Project in Oregon. Most recently, the company experienced promising results at its Stockade Mountain, where upon drilling three holes recovered “a high gold value of 9.32 grams per tonne.” In response, Austin Gold plans to initiate another drilling program at a greater depth in this area in the hunt for the high-grade vein deposits formed deeper in the hydrothermal system. The company is encouraged by some positive developments by other producers on the permitting front in the state of Oregon, which sets a precedent for a similar experience at Austin Gold. Investors who are looking to gain exposure to the gold mining industry and all the benefits that this precious metal has to offer, not least acting as a hedge against inflation and a rising price, could consider Austin Gold during these exciting times. Featured photo by Sebastian Pichler on Unsplash Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 21, 2024 08:30 AM Eastern Daylight Time

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