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Nanonets Raises $29M from Accel to create Autonomous AI Agent for back office operations

Nanonets

Nanonets, a leading AI-based workflow automation platform, raised $29 million in a Series B funding round led by Accel. The funding round also saw participation from existing investors Elevation Capital, YCombinator and others. This takes the total funding raised till date to $42M. Over the last 2 years, Nanonets has seen extensive growth in their customer base, with over 34% of the Global Fortune 500 companies having used their AI-based workflow automation platform across Finance, Accounting, Operations and several other business use-cases. Their user base has grown 4x in the last 12 months. "The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms. Email, PDF contracts, whitepapers, etc. There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it” said Sarthak Jain, CEO and Co-Founder of Nanonets. A majority of Nanonets’ revenue comes from automating finance processes such as Accounts Payable, Reconciliation, etc. A typical invoice takes 15 minutes to process manually, with processes such as entering an invoice into the ERP, matching against the purchase order, GL-code lookup followed by approvals; Nanonets brings this down to under a minute. Nanonets’ primary innovation is their ability to guarantee Straight Through Processing (STP), the percentage of data processed without any manual intervention. Other Generative LLMs tend to struggle with STP due to data hallucinations, hindering the large-scale adoption of Autonomous Agents for end-to-end tasks. The Turing test has evolved from humans being unable to differentiate an AI in conversation to humans being unable to differentiate an AI in performing tasks. Nanonets' Autonomous agents excel at performing tasks end-to-end. Additionally, their models, unlike other LLMs, learn instantly from new information, eliminating the need for complex training. Processing millions of documents monthly, Nanonets delivers over 90% STP rate, leading to significant productivity and cost savings. Abhinav Chaturvedi, partner at Accel, said, “We are thrilled to partner with Nanonets in their mission to revolutionize back-office operations with AI. Sarthak and his team have been dedicated to getting to the bottom of customer pain-points, and have built a powerful solution that fully automates business processes end-to-end. Nanonets stood out to us due to its comprehensive platform and its capability for Straight Through Processing (STP)- these qualities set Nanonets apart in the field of automation and have already demonstrated their positive impact to customers." About Nanonets Nanonets is a leading provider of intelligent automation solutions, revolutionizing business processes across industries. With a no-code platform and learnable decision engines, Nanonets enables organizations to make faster decisions and achieve unprecedented efficiency. Founded by Sarthak Jain and Prathamesh Juvatkar in 2017, Nanonets is headquartered in San Francisco. Learn more at https://nanonets.com About Accel Accel is a global venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Investing in India for more than a decade, they have been the first, or among the earliest partners to many category-defining startups such as: Acko, Blackbuck, BrowserStack, Chargebee, CultFit, FalconX, Infra.Market, Moglix, Spinny, Swiggy, UrbanCompany, Zetwerk, and others. Accel helps ambitious entrepreneurs build innovative and durable businesses. More at https://www.accel.com/india-home Contact Details Nanonets Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://nanonets.com/

March 12, 2024 09:00 AM Eastern Daylight Time

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Sapphire Technologies Appoints Ayman Zeitoun as Vice President of Sales

Sapphire Technologies

Sapphire Technologies, developer and manufacturer of energy recovery systems for hydrogen and natural gas industrial applications, has appointed industry veteran, Ayman Zeitoun as Vice President of Sales. Drawing upon his extensive experience in sales leadership across various industries, including Oil & Gas, LNG, and Petrochemical industries, Zeitoun will be responsible for devising and implementing comprehensive sales strategies with the goal of meeting ambitious revenue targets. Zeitoun's ability to form strong partnerships with customers and identify new market opportunities will be critical in driving Sapphire Technologies' expansion efforts in emerging and growing markets globally. His knowledge of industry trends and customer needs will also help drive product development as well as optimize go-to-market strategies. Moreover, Zeitoun's track record of successfully completing large-scale projects in industries such as LNG, power generation, and clean energy make him highly qualified to spearhead the company's expansion into its next phase of growth. “Ayman’s appointment signifies a pivotal juncture in Sapphire Technologies' journey. After successfully securing a milestone funding round last year, our company continues to advance its mission of decarbonizing the industry,” said Freddie Sarhan, CEO of Sapphire Technologies. “Ayman's exceptional knowledge and strategic leadership, coupled with his unwavering commitment to excellence, will play a crucial role in helping us achieve our mission.” "This is an exciting time for the industry, and I am honored to join Sapphire Technologies and address the diverse needs of the industrial gas and LNG sectors," Zeitoun said. "The company's commitment to innovation and sustainability resonates deeply with my ethos, and I am confident that together, we will make significant strides in driving global decarbonization efforts and shaping a sustainable future." Before joining Sapphire Technologies, Zeitoun held prominent roles at global companies, including GE Oil & Gas, CCI, Atlas Copco, and Nikkiso, where his strategic insights and leadership led to remarkable achievements. Most recently, Zeitoun was Vice President of NESP Sales and Business Development at Nikkiso Clean Energy & Industrial Gases, where he successfully oversaw the closure of numerous high-profile projects worldwide. About Sapphire Technologies Sapphire Technologies is driving global decarbonization through developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity. Sapphire Technologies’ systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, Sapphire Technologies helps customers maximize efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and achieve substantial financial returns. For additional information visit: https://www.sapphiretechnologies.com. Contact Details Kite Hill PR Lara Schembri Sant +1 202-262-5311 lara@kitehillpr.com Company Website https://www.sapphiretechnologies.com/

March 12, 2024 09:00 AM Eastern Daylight Time

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QuantaSing Group Posts Double-Digit Growth In Revenue, Registered Users In Fiscal Q2 Driven By Growing Demand For Its Senior Courses

QuantaSing

By Meg Flippin, Benzinga QuantaSing Group Ltd. (NASDAQ: QSG), the Chinese online learning service provider, posted double-digit revenue growth in Q2 of fiscal year 2024, buoyed by growing demand for the company’s courses aimed at seniors. For the three months ended December 31, 2023, QuantaSing reported revenue of RMB 980.5 million ($138.1 million), up 24.7% year-over-year. Net income in the quarter was RMB 107.6 million ($15.2 million). That compares to a net loss of RMB 41.4 million in the year-ago fiscal second quarter. The growth seen in the quarterly results was driven by a 44.6% increase in total registered users to 112.4 million from 77.8 million as of December 31, 2022. Paying learners increased 24.2% year-over-year to about 0.4 million. Looking out to the full fiscal year 2024, QuantaSing expects revenue to come in between RMB 900 million to RMB 930 million, representing a year-over-year increase of 11.5% to 15.2%. Capitalizing On The Aging China Population QuantaSing is one of the largest providers of online education for adults in China, focusing on both the learning and personal interest markets. Using cutting-edge technology including livestreaming and artificial intelligence, QuantaSing provides seniors with easy-to-understand, affordable and accessible online courses. It’s capitalizing on the aging population in China, which is growing at such rates the World Bank designated it a “super-aged society.” As of 2023 China had more than 297 million residents aged 60+, accounting for 21.1% of the total population. This group has money to spend and is on a quest to pursue hobbies and continuing education opportunities. It’s one of the reasons why the “silver economy” is valued at around RMB 7 trillion ($982 billion), and is forecast to surge to RMB30 trillion ($4.2 trillion) by 2035, according to China National Radio. “The evolving needs and desires of middle-aged and elderly people in China represent a significant opportunity for us,” Peng Li, Chairman and Chief Executive Officer of QuantaSing, said on a conference call to discuss second-quarter results with investors and analysts. “Last quarter, we saw a solid 24.7% increase in revenue, proving that our strategy to expand our course offerings is paying off. We are seizing the opportunity presented by growing demand for courses made for senior learners.” Livestreaming E-commerce And AI To boost its offering, QuantaSing has poured resources into several initiatives including integrating senior learning with livestreaming e-commerce and leveraging artificial intelligence to meet the strong demand it is seeing. Its livestreaming business, which it launched in June 2023, is initially focused on Chinese liquor. In its fiscal first quarter, QuantaSing’s live e-commerce business generated RMB 41.9 million in Gross Merchandise Value (GMV ). With a specialized team creating apps and AI tools, the company is looking for global opportunities and is adding staff to the team toward that end. QuantaSing plans to open AI offices in Hong Kong and Singapore shortly and is developing its own AI tools. QuantaSing isn’t the only learning platform company going after seniors in China. But it's trying to become the app older adults go to for all their learning. The idea is to become synonymous with senior learning in China similar to what Duolingo Inc. (NYSE: DUOL) did for learning a new language, Khan Academy has done for virtually educating students and Udemy Inc. (NASDAQ: UDMY) has done for business learning. That goal is being aided by the government in China, which recently introduced measures to strengthen the silver economy, such as urging enterprises to enhance their offerings for older adults including revamping apps and websites and creating standards for senior-friendly mobile devices. That will benefit QuantaSing as it should enhance the learning experience for its users from a hardware perspective, Li said during the earnings call. Streamlining Operations In addition to churning out new courses and offerings for seniors, the company is also overhauling how it recruits and retains new learners with an eye toward cutting costs. For instance, it recently upgraded its integrated business management process and now conducts pilot testing before rolling out new classes. It also now enables tutors to more easily manage tasks like one-click class reminders. Those efforts are paying off. The company said course completion rates and overall repurchases have increased. The repurchase rate for its standing mediation course, as one example, has increased to 32.8% in December 2023 from 18.4% in September. The goal is to streamline the operation system across all its courses. “As living standards improve, middle-aged and elderly people seek more than just health or longevity. They want experiences that will provide cultural and intellectual enrichment. Our diverse range of online courses includes many which are tailored to the interests of these demographics,” said QuantaSing’s CEO. “Our platform is dedicated to lifelong learning, and we have always emphasized user engagement and satisfaction. This means we are well equipped to fulfill user desire for intellectual stimulation and personal growth.” Featured photo by Alexander Schimmeck on Unsplash. QuantaSing is a leading online service provider in China dedicated to improving people’s quality of life and well-being by providing lifelong personal learning and development opportunities. The Company is the largest service provider in China’s online adult learning market and China’s adult personal interest learning market in terms of revenue, according to a report by Frost & Sullivan based on data from 2022. By leveraging its proprietary tools and technology, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners, empowering users to pursue personal development. Leveraging its extensive experience in individual online learning services and its robust technology infrastructure, the Company has expanded its services to corporate clients, and diversified its operations into its e-commerce business and its AI and technology business. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Leah Guo ir@quantasing.com Company Website https://ir.quantasing.com/

March 12, 2024 08:45 AM Eastern Daylight Time

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Knightscope (NASDAQ: KSCP) Is Making A Splash In The Robotic Industry With Revenue Increases Year Over Year

Benzinga

By Faith Ashmore, Benzinga Knightscope (NASDAQ: KSCP), a technology company ushering in the dawn of Autonomous Security Robots (ASRs), is entering 2024 after what it reports was a successful 2023; the company’s 10th year in business. Founded in 2013, Knightscope anticipated the growth of AI and robotics and got into the space early, setting the company on a path toward becoming a major player. Knightscope’s record has garnered attention across the nation. The company has consistently increased its revenue; in 2021 it reached $3.4 million, followed by $5.6 million in 2022, and the company believes the final amount for 2023 reached between $12-13 million in growth. Once confirmed, the company will have demonstrated consistent growth. One of the company’s most notable achievements in 2023 was its partnership with the NYPD, which placed its ASRs in the New York City subway system. However, Knightscope’s high-profile partnership with the NYPD is only part of the company’s success as interest grows in using ASRs to increase public safety. In 2023, Knightscope expanded into various industries including commercial real estate, universities, healthcare and casinos, among others. In the fall of 2023, a California community college invested over $1.5 billion in updating its facilities, including its safety and security measures. Knightscope was chosen as the vendor to replace the college's outdated emergency phone system with K1 Blue Light Towers. Now, the college has installed a total of 26 Towers and is adding six more to enhance its operations. Knightscope has also made strides in hospitality – they have secured contracts with hotels in Portland, Oregon, where their K5 Autonomous Security Robots will patrol the parking areas to ensure the safety of guests, employees and visitors. Last year saw more casinos partner with Knightscope; two casinos in Louisiana, located in Shreveport and Bossier City signed contracts to utilize Knightscope's K5 ASRs, making it the first ASR contract in the state. Those contracts added to ASRs already deployed in Nevada, Iowa, Illinois and California. The K5 ASR has been welcomed in the casino space as it greets guests with a friendly voice and provides an additional set of eyes and ears for the human security team. The company’s recent announcement of receiving its Authority to Operate (ATO) from the Federal Risk and Authorization Management Program (FedeRAMP), opens the door, the company believes, to billions in increase to its TAM (Total Addressable Market). The first deployment is planned with the U.S. Department of Veterans Affairs. While the company has a proven track record of signing new contracts and expanding its reach with new clients, it has also demonstrated that existing clients stay on board and extend their contracts, given that multiple clients of the company renewed their contracts in 2023, including a Fortune 500 company. The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 by 2030, with a CAGR of 15% from 2022-2030. Knightscope seems well-positioned to capitalize on this growth and continue to increase its consumer base. Click here to read more about the company’s future plans from CEO William Santana Li. Featured photo courtesy of Knightscope. 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. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 12, 2024 08:30 AM Eastern Daylight Time

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New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Benzinga

By Faith Ashmore, Benzinga The technology of Hollywood may finally be catching up to real life in another area. In the realm of electric vehicles (EVs), electric Vertical Take-Off and Landing (eVTOL) aircraft have gotten some attention from the press, the public and investors. From large international majors like Hyundai (OTCMKTS: HYMTF) to newer eVTOL companies like New Horizon Aircraft (NASDAQ: HOVR) (“Horizon Aircraft”), eVTOLs may be the way of the future. With population growth and urbanization on the rise, traffic congestion is becoming a pressing concern for citizens and city planners alike. A recent study conducted in the U.S., France, Germany and the U.K. reveals that road congestion results in up to $200 billion in lost productivity annually. Governments are also racing to transition away from gasoline-powered vehicles that contribute to global emissions and climate change. Advanced Air Mobility (AAM) offers a cost-effective, environmentally friendly and safer way to travel, presenting a disruptive alternative to traditional air travel and cargo systems. eVTOLs are among the solutions for the future. Horizon Aircraft is working on its prototype eVTOL, the Cavorite X7, which is designed for longer-range regional passenger, cargo and special missions. Their 50%-scale prototype has already successfully demonstrated hover flight and the company believes it may complete a successful transition flight before the end of Q1 of 2024. One of the key aspects that sets Horizon Aircraft apart from competitors like Joby Aviation (NYSE: JOBY) and Lilium NV (NASDAQ: LILM) is that it prides itself on the expertise of its team, comprised of professionals with extensive backgrounds in the aviation industry. Led by a highly skilled former fighter pilot, the company leverages collective knowledge gained from years of military and commercial aviation experience. The rest of the team at Horizon Aircraft consists of a group of engineers, pilots and business specialists who are committed to pushing the boundaries of regional transportation. The company is also vertically integrated; all of its composite manufacturing, 3D printed advanced carbon fiber thermoplastics, custom electronics, control systems and more are completed in-house. The company boasts that its product takes off and lands like a helicopter but has the capacity to fly almost twice as fast with lower operating costs. Unlike most of its competitors, Horizon’s Cavorite X7 uses a hybrid electric power system that should enable a top speed of 450 km/h, carrying 1,500 lbs of useful load for more than 800 km. A recent report by Morgan Stanley predicts that AAM will encompass a total addressable market of $1.5 trillion by 2040. “The intersection of many technologies, such as ultra-efficient batteries, autonomous systems, and advanced manufacturing processes are spawning a flurry of activity in this space," shared Adam Jonas, Head of Morgan Stanley's Global Auto and Shared Mobility research team. Horizon Aircraft also recently published a global study that showed an overwhelming majority (96%) of professional investors recognize the increasing global demand for improved transportation systems, coupled with the imperative to reduce the environmental footprint resulting from increased road congestion. The study’s findings included that investors also believe the advancements in technology that demonstrate the safety and feasibility of eVTOL aircraft will catalyze movement in the regulatory landscape and attract substantial investments to the sector within the next five years. Horizon Aircraft is looking to capitalize on these markets. Brandon Robinson, CEO of Horizon Aircraft, shared, "Private equity, venture capital and family office investors have been closely monitoring the Advanced Air Mobility sector for some time, but are now seeing an acceleration towards the launch of the first commercial eVTOL passenger routes. The sector has already attracted significant investment, and we anticipate that this will only increase as ongoing developments in technology provide new investment opportunities in this rapidly expanding market that has the potential to revolutionize transportation." Featured photo courtesy of Horizon Aircraft. 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

March 12, 2024 08:25 AM Eastern Daylight Time

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Xtrades Is Solving Social Trading’s Biggest Problem: Credibility

Xtrades

By Austin DeNoce, Benzinga Trading has undergone game-changing transformations with retail traders gaining access to advanced trading platforms. Engaging in stocks and options investing is easier than ever. Among these is a growing number of social trading platforms that have captivated beginners and experts alike, offering a space where individuals can learn from each other by sharing insights, strategies, and, most importantly, trading signals. This shift toward communal trading environments, like those found on Discord, Reddit or specialized websites such as Xtrades, promises a blend of education, community support, and, of course, the potential for profit. But this innovative approach is not without its pitfalls; how can you find trustworthy signals within a sea of noise? The Challenge Of Trusting Strangers With Your Finances At the heart of social trading are these trade signals, which are tips from seasoned traders about when to buy or sell. The convenience of access to these signals, amplified on social media and even video platforms such as TikTok, is often overshadowed by the lack of personalized advice or the risk of misinformation. If someone is pushing out signals with pump-and-dump motivations, followers of those signals can suffer significant financial loss. Innovations in finance have democratized trading, but they have also spawned endless streams of uninformed and even fraudulent financial advice. This is problematic for newcomers and experienced traders alike; the challenge is not just finding signals but ensuring they are reliable and actionable. This creates a need for platforms including Xtrades that bridge the gap between community and credibility. Building Trust In Social Trading Xtrades stands out among social trading platforms by marrying the principles of community learning with cutting-edge technology. Xtrades is designed to make trading accessible and understandable for beginners while providing advanced tools for those users and seasoned traders alike. With features such as machine-learning assisted signal endorsements and strict price validation for trader signals, Xtrades ensures only high-quality, reliable signals make it to \users. Key Features of Xtrades: Machine-Learning Endorsements: By utilizing AI to vet and endorse trading signals, Xtrades adds a layer of credibility unavailable in most trading communities. Strict Price Validation: Signals are timely and reflect current market conditions when they are posted, minimizing the risk that members will act on outdated information. Maximum Trader Transparency: Every trader's signal history is openly accessible, allowing other users to make informed decisions about which traders they want to follow and trust. Integration with Discord: By using this trusted and popular messaging platform that integrates with its own software, Xtrades facilitates real-time discussions and analytics, fostering a supportive community environment to level up trades. Solving The Credibility Crisis In Trading Groups Xtrades addresses the credibility issue for trading signals by leveraging multiple technologies and the power of its community to improve signal validation and transparency. By making every user's signaling history searchable and introducing a machine-learning algorithm for trade endorsement, Xtrades provides an easy, accessible way to assess the reliability of signals. This transparency ensures that users can confidently navigate the platform, armed with all the information needed to make informed trades. Charting A New Course In Social Trading Xtrades carved out a unique space for navigating financial markets by addressing the inherent challenges of social trading head-on. It's a sanctuary for those seeking to learn, trade and grow within a supportive, knowledgeable community, all while ensuring the signals available are backed by cutting-edge technology and a commitment to transparency. As the platform evolves, it continues combining the traditional trading wisdom of informed technical and fundamental traders with modern technological advances, redefining the trading experience for its users. The reliability of trading signals can be the difference between financial success and failure. Xtrades is providing valuable resources and a community home for traders of all levels. Connect with experienced traders on Xtrades to access validated trading signals and strategies. Invest in the Future of Online Trading Touted as one of the largest trading communities on Discord and headed by leaders Kevin Wan (momentumtrades) and his team, this up-and-coming generation of market crushers are raising their first seed round Not only this, but they are opening the round up to the public, so their user base can get in at the ground floor. Featured photo by Joshua Mayo on Unsplash. A financial technology company focusing on bringing interactive experiences to traders and investors on the internet that improve their edge in the market This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Kevin Wan kevin@enhancedinvestor.com Company Website http://xtrades.net

March 12, 2024 08:15 AM Eastern Daylight Time

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News Release

VSBLTY to Launch AI-Driven Retail Solutions Powered by Qualcomm

VSBLTY Groupe Technologies Corp.

Philadelphia, PA – TheNewswire - March 12, 2024 –VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt 5VS) ( “ VSBLTY ”), a leading AI software provider of security and retail analytics technology, is launching a retail solutions suite utilizing enhanced computer vision solutions that are powered by the Qualcomm® QRB5165 platform. “Using the QRB5165 platform and VSBLTY’s suite of computer vision software we are creating solutions that will soon answer many of retails’ common challenges,” according to VSBLTY Co-founder & CEO Jay Hutton. “Our development teams have been aligning to optimize our solutions for Qualcomm Technologies’ platform to enable customer analytics and personalized digital signage. This has expedited the validation of the QRB5165 platform within demanding edge use cases in retail.” “We are excited about the introduction of VSBLTY’s new retail solutions suite powered by the QRB5165 platform,” explained Art Miller, VP of Business Development & Global Head of Retail IoT, Qualcomm Technologies, Inc. “We believe that Qualcomm Technologies’ solutions for computer vision are particularly well-suited for small footprint environments, and utilizing VSBLTY’s retail solution suite can address legacy issues in retail including inventory management and visibility to sales trajectory.” VSBLTY also announces a change in the role of Executive Chairman of the Board from Luiz Barros to Amin Shahidi, who will take on the role on an interim basis. Luiz Barros will transition to the role of Strategic Advisor at VSBLTY and undertake a new full-time leadership position and partner with an external company. Amin, a five-year member of the BOD brings extensive retail and security experience particularly in strategic planning and M&A from his 35-year career including a leadership role with Johnson Controls and their retail focused sub Sensormatic and its 200+ portfolio of retail clients. Amin most recently managed the contract negotiations with the lender for Winkel Media and the subsequent reduction of operating costs to achieve a projected 40% reduction in monthly operating costs which immediately brings Winkel to profitability. Amin commented, “I have been watching the VSBLTY team make enormous progress in both the retail and security sectors of their business over the past five years and am happy to play a role, along with the leadership team, which I respect very much, to help drive the business to profitability in 2024”. Investor Relations Harbor Access Jonathan Paterson, 475-477-9401 Jonathan.Paterson@Harbor-Access.com Graham Farrell, +1-416-842-9003 Graham.Farrell@Harbor - Access.com CONTACT: Linda Rosanio, 609-472-0877 lrosanio@vsblty.net About VSBLTY ( http://vsblty.net/ ) Headquartered in Philadelphia, VSBLTY (OTCQB: VSBGF) (CSE: VSBY) (Frankfurt: 5VS) (OTC: VSBGF) ( “ VSBLTY ”) is the world leader in Artificial Intelligence and real time interpretation of what a CCTV and other cameras see. By utilizing facial recognition, age and gender, VSBLTY’s proprietary technology can effectively enhance retail brand engagement and measurement through customized ads on in-store digital displays at point of purchase in real time. This technology has been proven to increase brand sales by over 25%. The firm is also recognized for its leadership role in the growing “Store as a Medium” movement that enables brands to reach customers with paid media ads when and where buying decisions are being made while producing a new revenue stream for retailers. Most recently, VSBLTY has been building object recognition software to identify products by SKU, at the point of checkout, to integrate this capability into their retail media network offering to large CPG brands in Latin America. Using its proprietary AI software, VSBLTY has also developed a range of security products that include not only facial recognition but weapon recognition utilizing modern surveillance cameras and legacy CCTV cameras. VSBLTY has the capability to create a proactive security system rather than a reactive security system, providing early warning of threats that can save lives. CONTACT: Linda Rosanio, 609-472-0877 lrosanio@vsblty.net Qualcomm is a trademark or registered trademark of Qualcomm incorporated. Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

March 12, 2024 08:01 AM Eastern Daylight Time

Novidea appoints Daniela Krispin as VP, Research & Development

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform, today announced the appointment of Daniela Krispin as VP, Research & Development. Daniela will be responsible for leading the company's research and development processes, driving innovation initiatives, implementing advanced technologies (such as AI), and fostering a product-oriented and agile organizational culture. Daniela brings over 25 years of experience in product development, both in startups and global corporations, specializing in SaaS products, data, and AI systems. She has held senior technology roles at Amdocs, most recently Head of AI & Data. Subsequently, she served as VP R&D at Seebo, playing a key role in its growth by leading strategic initiatives, building and leading multidisciplinary teams, and optimizing processes and product architecture. Following the acquisition of Seebo by Augury, Daniela was appointed as VP R&D for the acquiring company. Daniela's appointment adds to a series of strategic appointments made by Novidea in the past year to its technology leadership team. Among them are Erez Nassim as CTO and Ido Peled as SVP Product. By assembling a team of exceptional talents, the company continues to strengthen its position as a key player in the global Insurtech market. Erez Nissim, CTO at Novidea, said: "Global insurance market companies are rapidly embracing digital innovation to remain competitive. Daniela's extensive experience as a VP R&D will help us to continue solidifying our position at the forefront of the Insurtech market and guiding companies in the insurance market through the fastest route to digital transformation." Daniela Crispin, VP R&D at Novidea, said: "I joined Novidea because of its vision to lead the digital revolution in the insurance industry. I am particularly drawn to the capabilities of its advanced data-driven platform to make a profound impact on the workflows of insurance companies globally and improve their performance. I am excited to collaborate with our talented teams across our global offices and lead the company into the next generation of data-driven solutions.” About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. For more information, please go to: www.novidea.com Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

March 12, 2024 08:00 AM Eastern Daylight Time

CIOB Report Reveals Construction Industry’s Reluctance to Hire People with Criminal Convictions

Chartered Institute of Building

Just 25 per cent of construction bosses say that they would hire people with a criminal conviction Negative stigma, lack of prior qualifications and fears over existing employees’ safety cited amongst barriers New report says recruiting people with a criminal record could decrease rate of employment for those leaving prison (Currently 74 per cent still unemployed after six months). Government estimates annual cost of reoffending is £18 billion. Negative stigma and a lack of proper training opportunities are blocking many people with criminal records from earning a second chance at life within the construction industry, a Chartered Institute of Building (CIOB) report has revealed. The report, called Building Opportunity: Employing People with Criminal Convictions in Construction, shows individuals with a criminal record face significant barriers to gaining employment within the industry including perceived risk to the business by employers and fears about business reputation. It urges the Government to break down barriers and provide more accessible training opportunities to improve individual’s employability and ease the skills shortage in the construction industry. Statistics show nearly 75 per cent of people leaving prison are still without work six months after their release. CIOB says breaking down barriers would lower unemployment amongst people with criminal convictions. Meanwhile, the Government estimates the current cost of re-offending is approximately £18 billion per year. Niamh Evans, Policy and Public Affairs Officer North at CIOB, said more people within the industry should consider an open-minded approach to hiring people looking for a fresh start, adding: “Construction companies across the UK are facing a labour shortage and there is an untapped market of potential candidates waiting to be unearthed. “However, negative stigma and a lack of access to proper training for people in prison means there are many people missing out on a second chance at life. “Companies can proactively show they are willing to consider applicants with a criminal record by making this known on their website and teaming up with organisations that support people with criminal convictions to find work. “While there are some training opportunities available for people with criminal convictions, we would like to see improved access to give more candidates a chance to develop their skills ahead of a rewarding career within construction.” CIOB’s research shows just 25 per cent of construction managers surveyed* would consider hiring a person with an unspent criminal conviction – despite the sector facing a significant labour crisis. Thirty-two per cent of respondents said they would not consider hiring someone with an unspent criminal conviction while 43 per cent said they might. More than 12 million people in the UK currently have a criminal record with hundreds of thousands of convictions remaining unspent – so candidates must declare their convictions when applying for a job. Some survey respondents said they would not hire people with criminal convictions due to the lack of trust in an individual’s behaviour and concerns over existing employees’ safety, particularly in a high-risk environment like a construction site. Despite this CIOB’s report highlights how some construction companies have already enjoyed success through hiring people with criminal convictions and specifically showcases how one large construction company and one much smaller one, are being proactive in this area. They include Williams Homes, based in Bala, Wales, which has taken on several recruits through its work with HMP Berwyn. Owain Williams, joint managing director, added: “Our initiative to provide work experience and training to individuals in our local prison has been incredibly successful. We have gained loyal workers and we have been able to tailor our supply chain to meet the company’s needs, whilst giving back to the community. “Everyone working in the prison academy and on site through temporary release receives a high standard of training. Our colleagues and clients have all supported and embraced the project as it allows us to make an immense difference to the lives of people leaving custody by broadening their career opportunities. “As we have had such a positive experience with this initiative, we are now exploring how to scale up this work and employ more people following their release from prison.” It is estimated 225,000 additional construction workers will be needed to meet demand by 2027, according to data from the Construction Industry Training Board (CITB). Demand for construction work is likely to increase in the years ahead with significant plans for the regeneration of the built environment in the UK, particularly with the Government’s flagship levelling up agenda and political focus on delivering a faster rate of housebuilding. CIOB obtained its data through a survey of more than 130 construction companies across the UK. To read the report in full, visit: www.ciob.org/industry/research/criminal-convictions-employment Notes to editors * Survey of 270 construction industry representatives across 133 businesses carried out by CIOB in September/October 2023. Other CIOB recommendations include: Construction companies should review the recruitment process to remove unnecessary barriers and look to assess applicants on an individual, case-by-case basis Prisons and training partners should align qualifications and training with construction industry needs, whilst also considering the specific learning requirements for people in custody Improved Government support for individuals leaving custody, including access to appropriate accommodation and financial assistance which is vital for supporting individuals to reintegrate into the workforce. About CIOB The Chartered Institute of Building (CIOB) stands for the science, ethics and practice of built environments across the world. We have over 47,000 members worldwide and are the world's largest and most influential professional body for construction management and leadership. Everything we do is to improve the quality of life for those using and creating the built environment. We have a role in the management, leadership, education and development of our industry. For our members, guiding and educating them as they embark on their careers. For policymakers, defining the standards for all to meet. For the public, creating an environment they can live and work in safely, comfortably and confidently. Contact Details For further information please contact Courtney Friday CIOB Media Relations Officer +44 7552 538788 cfriday@ciob.org.uk Company Website https://www.ciob.org/

March 12, 2024 07:00 AM Eastern Daylight Time

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