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Industrial ETF ‘XLI’: A Gateway to Infrastructure Revitalization and Industrial Expansion

Select Sector SPDR

The nation's focus on renewing its infrastructure, including railroads, aviation, and heavy machinery, has spurred a surge in demand for industrial space and has consequently been a catalyst for job creation in these sectors. As the country invests in revamping its infrastructure, the industrial sector represents an exciting opportunity, with sectors such as aerospace and defense, construction and engineering, and electrical equipment leading the charge. An exchange-traded fund (ETF) such as the Industrials Select Sector SPDR Fund (XLI) offers an accessible method of gaining exposure to this burgeoning industrial sector, a potential component of any diversified portfolio. The Industrials Select Sector SPDR Fund (XLI) consists of 75 U.S. stocks* representing key subsectors that fuel the U.S. economy. XLI tracks a market cap-weighted index of industrial-sector stocks drawn from the S&P 500, holds over $14 billion in assets under management, and has a 0.10%** annual expense ratio, making it one of the most efficient and most tradeable ways to gain access to this important sector. The top 10 holdings for XLI are: Caterpillar Inc. (4.67%) Union Pacific Corp. (4.23%) Honeywell International Inc. (4.17%) General Electric Co. (4.09%) Boeing Co. (3.82%) United Parcel Service, Inc. Class B (3.78%) Deere & Co. (3.61%) Raytheon Technologies Corp. (3.60%) Automatic Data Processing (3.29%) Lockheed Martin Corp. (3.11%) Caterpillar, Union Pacific, Honeywell, General Electric and Boeing are dominant by market capitalization in this sector. Aerospace and defense, building products, construction and engineering, electrical equipment, conglomerates, machinery, commercial services and supplies, air freight and logistics, airlines, marine, road, and rail are all represented by XLI. XLI is employed by investors ranging from institutional, broker-dealers, financial advisors, and individuals to open the door to this important diversification vehicle, packed in the efficient and low-cost ETF wrapper. The foundation of any economy lies in the manufacturing of goods and their distribution to businesses and consumers. XLI provides investors with access to this fundamental process that is vital to the daily operations of commerce, retail, and services. Understanding the significance of each of the core 11 sectors of Select Sector SPDR ETFs is crucial when building a diversified portfolio, as it aids investors in their journey towards meeting their investment goals. For investors of all sizes, XLI can serve as an excellent entry point to consider. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. * Holdings, Weightings & Assets as of 9/15/23 subject to change ** Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL006898 EXP 11/30/23 Contact Details Dan Dolan dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

October 02, 2023 07:54 AM Eastern Daylight Time

Space and Time Integrates Verifiable Compute Layer Natively into Chainlink Functions

Space and Time

Space and Time today announces that Proof of SQL, the platform’s novel zk-proof for SQL queries, will run its zk-Verifier natively on Chainlink nodes. Space and Time will leverage the Chainlink Network to provide consensus on the proof results. The integration is announced as Space and Time is named the official preferred data warehouse solution for the Chainlink ecosystem. Proof of SQL was released in August of this year. Originally designed for queries run in the Space and Time data warehouse, the proof can now be attached to any centralized or decentralized SQL database to enable verifiable, zk-proven query results for smart contracts, AI models, and enterprises. “We are thrilled to make Proof of SQL available to all databases and to integrate Chainlink as the consensus layer,” said Nate Holiday, CEO and Co-Founder of Space and Time. “As the world’s business increasingly moves to operate at the intersection of blockchain and AI, verifiable data and compute will become more critical than ever. We see a future where every database needs to be verified by Space and Time’s zk-proof.” Proof of SQL allows a database to generate a SNARK cryptographic proof of SQL query execution to guarantee that queries were computed accurately and on untampered data. The zk-protocol is composed of two parties: the Prover, which generates a proof of query execution, and the Verifier, which validates the proof against a cryptographic hash of the data. With the new integration, the Proof of SQL Verifier will run natively on Chainlink nodes. The Chainlink Network will come to consensus that the results received from the Prover have not been tampered with, allowing the protocol to become more trustless, transparent, and decentralized. Space and Time already includes native integration with Chainlink Functions, enabling users to send query results onchain directly from Space and Time. With the Proof of SQL Verifier running as a Chainlink Functions job, Space and Time becomes more deeply integrated with the Chainlink platform as its official data warehouse solution. The leading Web3 services platform, Chainlink enables smart contracts to connect to real-world data, computation, and any public or private blockchain. Space and Time builds on this vision by providing zk-queries to smart contracts through the Chainlink Network. “We’re excited that Space and Time is using Chainlink for secure decentralized computation in its novel Proof of SQL ZK protocol,” said Sergey Nazarov, Co-founder of Chainlink. “By enabling developers to underpin application databases with cryptographic proof, Chainlink and Space and Time are powering the creation of an end-to-end decentralized tech stack that helps scale Web3.” Together, Space and Time and Chainlink are realizing a new era of verifiability, data-driven smart contracts, and enterprise adoption of blockchain technology. About Space and Time Space and Time is the first AI-powered decentralized data warehouse that joins tamperproof on-chain and off-chain data to deliver enterprise use cases to smart contracts. Space and Time has developed a novel cryptography called Proof of SQL that allows developers to connect analytics directly to smart contracts, opening up a wealth of powerful new use cases and business logic on blockchain technology. Space and Time is built from the ground up as a multichain data platform for developers in financial services, gaming, DeFi, or any project requiring verifiable data across enterprise, blockchain and AI. About Chainlink Chainlink is the industry-standard Web3 services platform that has enabled trillions of dollars in transaction volume across DeFi, onchain finance, gaming, NFTs, and other major industries. As the leading decentralized oracle network, Chainlink enables developers to build feature-rich Web3 applications with seamless access to real-world data and offchain computation across any blockchain and provides global enterprises with a universal gateway to all blockchains. Learn more about Chainlink by visiting chain.link or reading the developer documentation at docs.chain.link. To discuss an integration, reach out to an expert. Contact Details Space and Time Spencer Reeves marketing@spaceandtime.io Company Website https://www.spaceandtime.io/

October 02, 2023 04:22 AM Eastern Daylight Time

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Libertine's recent development work "feeding into" its confidence

Libertine Holdings PLC

Libertine Holdings PLC (AIM:LIB) chief executive Sam Cockerill speaks to Thomas Warner from Proactive after the linear generator technology developer released its full year results for the twelve months ended 31 March 2023. Cockerill gives a brief overview of the results before moving on to discuss how the business has been performing since, highlighting its current focus on developing its technology and selling it into the market. The company revealed in its results statement that in the absence of further revenues, it would expect to remain solvent through to May 2024. Cockerill therefore provides some detail about the commercial discussions currently underway and expresses confidence in the work being done at the company's facilities in Sheffield. He says all of the hard work currently underway on product development "feeds into our confidence about the commercial viability and the revenue potential of our technology." Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 02, 2023 03:00 AM Eastern Daylight Time

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RC365 Holding to continue expanding in Southeast Asia after creating Malaysian subsidiary

RC365 Holding PLC

RC365 Holding PLC (LSE:RCGH) has announced the incorporation of a new, wholly owned subsidiary in Malaysia by the name of RC365 Solutions SDN. Regal Crown Technology Ltd Vice President of Information Technology KC Chua and Vice President of Production Management Yun Seong Yu speak to Thomas Warner from Proactive about the rationale for the decision and their hopes for what it can go on to deliver. Yu starts with a brief overview of RC365's operations before Chua goes on to explain this week's news in more detail, saying that the new subsidiary expects to issue and manage Mastercard Prepaid Card services to 40 merchants and 3,000 active cardholders by end of year 2024. He also lists the benefits the company expects to garner from working in Malaysia, citing its strategic location, a welcoming business environment for businesses, cost effectiveness, an impressive talent pool and political and economical stability. Yu reveals more about future plans, expressing confidence in the ability of the company to deliver a 40% annual saving on RC365 Holding's informational technology costs. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

October 02, 2023 03:00 AM Eastern Daylight Time

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DealMaker announced as one of the fastest growing companies in Canada

DealMaker

September 29, 2023, DealMaker, a leading FinTech, has been named Canada’s 6th fastest growing company by The Globe and Mail Report on Business annual survey from hundreds of qualifying companies analyzed. For the second year in a row, DealMaker has out-performed competition, ranking this year in 6th place and last year in 3rd place. Even in a challenging economy, a capital markets FinTech product has continued to lead Canada's growth and innovation. The award ranks qualifying independent Canadian companies by the percentage of their revenue growth over three years. The DealMaker platform allows brands to tap into funding solutions beyond traditional venture capital, by using the internet to help companies to turn their customers and fans into shareholders. Also called Equity or Investor Crowdfunding, DealMaker’s platform facilitates all types of funding rounds for companies and startups - while offering pre-IPO opportunities to invest to the general public. Founded by two lawyers in the capital markets industry, the Toronto-based startup is helping companies raise capital from their customers, followers, and fans. DealMaker has built an e-commerce-style platform that supports companies raising capital online. Co-founders Rebecca Kacaba and Mat Goldstein came up with the idea for DealMaker in 2015 while running a startup practice in their law firm. “We saw a huge pain point in the market where our clients were suffering, where the process to raise capital from investors was expensive and obsolete, and it was ripe for disruption,” says Rebecca Kacaba, co-founder and CEO. “Our innovative technology is advancing the equity crowdfunding space by increasing access to capital to founders who previously have been under-funded while also providing pre-IPO investment opportunities for those outside of the gilded gates of Wall Street.” To date, DealMaker has processed over $1.8 Bn USD in transactions and over 700,000 investments globally. “What makes DealMaker truly unique is our focus on providing an end-to-end platform for companies that need to raise capital, and are looking for an elegant digital solution,” says Mat Goldstein, co-founder and Chief Strategy Officer. “From the cultivation of prospects, our best-in-class conversion functionality, and our state-of-the-art transfer agent, DealMaker is a pioneer in developing the online relationship between companies and their stakeholder.” With a staff of over 100 employees spanning Canada, the US, and South America - DealMaker is the market leader in online capital formation. DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions that includes equity crowdfunding, investor ranking algorithms, and data/analytical tools to support all capital raise types and all securities. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker works for their issuers: putting brands and founders back in control to run streamlined, successful capital raises. Its mission is to turn the process of raising capital into simple eCommerce. The company’s offices are located in Toronto, Canada, Austin, Texas and Tampa, Florida. Visit DealMaker.tech for more information. Contact Details Leigh Nolan +1 416-554-0949 leigh.nolan@dealmaker.tech Company Website https://www.dealmaker.tech/

September 29, 2023 01:30 PM Eastern Daylight Time

EMQQ Global sees investor opportunities as India moves to center of world stage

HANetf

EMQQ Global founder and chief investment officer Kevin Carter joined Steve Darling from Proactive to discuss a new report on India, which he describes as the "perfect emerging market at the perfect time." The report delves into India's economic growth and draws comparisons with China's growth trajectory, highlighting several key factors that make India an attractive investment destination. One standout feature of India is its well-established homegrown technology sector, which dates back several decades. Companies like Tata Computer Systems (founded in 1968) and Infosys (founded in 1981) have been at the forefront of this technological evolution. Furthermore, India annually produces the world's largest number of computer science engineering graduates, and the country's Indian Institutes of Technology, with 23 locations, consistently churn out a significant number of computer science graduates. Carter also emphasized the significance of "The Indian Stack," a term used to describe India's "Digital Public Infrastructure." Starting in 2010, India has been systematically developing crucial public technology platforms that have enabled rapid digitization. A key milestone was the introduction of the Unified Payments Interface in 2016, which has since driven substantial growth in mobile payments in India, experiencing a 40-fold increase in the past five years. This robust and well-planned digital public infrastructure sets India apart and positions it for sustained technological advancement. In essence, India's unique combination of factors, including a well-established tech sector, a highly skilled workforce, and a visionary digital infrastructure, makes it a compelling emerging market that investors are increasingly turning their attention to. This comprehensive report provides valuable insights into India's growth story and its potential to follow in the footsteps of China's remarkable economic ascent. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 29, 2023 01:27 PM Eastern Daylight Time

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News Release

Spectral AI announces "single largest contract to date"

Spectral AI Inc

Spectral AI Ltd (NASDAQ:MDAI) founder and CEO Wensheng Fan speaks to Thomas Warner from Proactive after the medical-focused artificial intelligence company announced it has been awarded a new contract valued at up to $149 million by the Biomedical Advanced Research and Development Authority (BARDA), part of the Administration for Strategic Preparedness and Response (ASPR) within the U.S. Department of Health and Human Services. The CEO describes the contract as Spectral AI's "single largest to date" and highlights that it represents an important step forward in its commercial efforts. The deal includes a base phase of $55mln for FDA clearance of "Deep View" in burn indication. The technology aims to assist ER physicians in determining whether burn patients should be transferred to specialized burn centers. With 1.1 million burns occurring in the US annually, the potential for Deep View's application in emergency rooms and trauma centers is vast. Additionally, the technology will play a role in the treatment flow of both burn and diabetic foot ulcers, further expanding its clinical utility. Fan explains that following Spectral's recent move from London's AIM to the NASDAQ, the contract signifies a pivotal moment in the company's history, cementing its commercial future and revealing more about its potential impact on the healthcare sector. Contact Details Proactive Investors +44 20 7989 0813 uk@proactiveinvestors.com

September 29, 2023 01:17 PM Eastern Daylight Time

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Cloud Tech ETF's 5-year journey: CEO Anthony Ginsberg shares explosive growth and future insights

HANetf

Anthony Ginsberg, CEO of GINSGLOBAL Index Fund joined Steve Darling from Proactive to reflect on the remarkable journey of the Cloud Technology ETF, which was launched in 2018. Over the past five years, cloud technology adoption has skyrocketed, especially accelerated by the COVID-19 pandemic and remote work trends. Initially, cloud technology was embraced by startups and SMEs, but it's now a cornerstone for large enterprises, including banks, insurers, and governments. This evolution has significantly reshaped the landscape, with major players like Amazon, Microsoft, and Google benefiting. The pandemic expedited the adoption of hybrid and multi-cloud solutions, reducing risk for large corporations. IBM's acquisition of Red Hat was a pivotal moment, enabling multinational organizations to diversify their cloud providers. Cloud technology now encompasses diverse industries, from social media and gaming to electric vehicles, even intersecting with AI, primarily driven by NVIDIA chips. In terms of performance, the ETF has experienced remarkable growth, with a year-to-date increase of up to 30%. Overall, since its inception, it has seen a gain of around 44%, though there were some challenges due to factors like inflation and market fluctuations. Looking ahead, Ginsberg anticipates continued M&A activity in the cloud and cybersecurity sectors. As AI becomes increasingly intertwined with cloud technology, it's likely that AI firms may also venture into the cloud space. The cloud industry is poised for substantial growth, potentially tripling in size over the next five to six years. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

September 29, 2023 12:56 PM Eastern Daylight Time

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Cyberattack Explosions Are Driving Customers To Sekur, Which Saw 650% Increase In Website Traffic In 2 Weeks And 100% Rise In VPN Sales Month-Over-Month

Benzinga

By Meg Flippin, Benzinga Cyberattacks are on the rise, with cyberattacks increasing by 38% in 2022 as bad actors steal identities and wipe out bank accounts at alarming rates. But consumers and businesses are becoming wise to the risk, which is in turn driving sales for providers of virtual private networks (VPNs). One good example is Sekur Private Data Ltd. (OTCMKTS: SWISF), a Swiss-hosted secure and private communications platform provider. It seems to be seeing explosive growth, with subscriber sign-ups for its Swiss-hosted privacy VPN, SekurVPN, up more than 100% month-over-month in September. Given the sheer number of attacks committed online and on mobile devices, that might not come as much of a surprise. According to a Clark School of Engineering Study, a hacker attack occurs every 39 seconds. And, in 2022, the potential total loss from cyber attacks was more than $10.2 billion, up almost 50% from $6.9 billion in 2021, according to the FBI’s Internet Crime Report for 2022. Identity theft collectively costs consumers billions of dollars and untold hours repairing damaged credit. So consumers and businesses are turning to VPNs to protect them online – and Sekur’s sales are soaring because of it. According to Forbes, two-thirds of surveyed U.S. internet users use a VPN to help protect personal data, one-third use a VPN to mask their internet activity and 80% use a VPN for increased cybersecurity. Only The Beginning? For Sekur, 100% subscriber growth could just be the beginning. The company expects exponential growth over the long term as it adds more enterprise features to its offering and upgrades to the next-generation Internet Protocol standard IPv6. A new ad campaign slated for October or early November should create more buzz as well. Plus, Sekur plans to sell its VPN products through resellers later this year. All of those initiatives should position the company well in the years to come. “Our prime directive is to provide private and secure communications for everyone,” said CEO Alain Ghiai when announcing the subscriber growth. “The results also do not reflect yet the full scale launch as we have just completed a prelaunch and are testing the waters. We expect this to be a big success once we launch it on social media and digital paid media.” Organic Search Booming The strong demand isn’t only for its VPN. Sekur.com is seeing a surge in traffic, too – up about 100% in the past month and 650% in the last two weeks. Importantly, the surge has been driven by organic searches. The more people that find Sekur.com on their own, the less the company spends to acquire customers. Currently, about 5% of organic website visitors become customers – a number Sekur expects to grow, lowering overall acquisition costs. The company is also going after the small and medium business market, of which there are over 30 million in the U.S. – which will further lower customer acquisition costs. SMBs often tend to have multiple users, and a single customer win can result in several subscribers. On top of all that, Sekur expects to launch a complete communication suite in the first quarter of 2024, adding encrypted voice calling tool SekurVoice and encrypted video conferencing solution SekurPro to its offerings. Those new products could drive sales as well. Privacy Matters The internet can be a scary place for many and consumers and businesses are becoming increasingly conscious of the risks presented by it. They connect with VPNs before they do their banking, shopping and socializing online. As the threats grow, so should sales of VPNs. Sekur seems well-positioned to capitalize on this demand. It uses the latest encryption technology through a proprietary infrastructure and doesn't rely on any big tech hosting providers. Plus, the company only offers Swiss IPs. Swiss privacy laws are considered among the strongest in the world for many reasons – for example, in 2010 the Federal Supreme Court of Switzerland found that IP addresses are personal information and that under Swiss privacy laws, they may not be used to track Internet usage without the knowledge of the individuals involved. Sekur’s offerings are geared toward those who value privacy and want their personal information to be safe online. In today’s increasingly connected world, that could — or maybe should — be all of us. 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

September 29, 2023 09:15 AM Eastern Daylight Time

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