News Hub | News Direct

Finseta doubles revenue, turns a profit in transformational year

Cornerstone FS PLC

Finseta CEO James Hickman tells Proactive's Stephen Gunnion the company experienced a transformative year in 2023 as it doubled of revenue and reported a pretax profit of £1.3 million, a significant recovery from a previous loss. Hickman attributed the improvement to a strategic refocus on enhancing the sales pipeline, expanding the payments network, and refining the product and geographical reach. Key strategic changes included shifting from indirect to direct client interactions, which increased the proportion of revenue from direct clients from 78% in 2022 to 95% in 2023. This shift also resulted in margin improvements and an increase in the average transaction value as the company began serving not only small businesses but also medium-sized businesses and high-net-worth individuals. The company also underwent a rebranding from Cornerstone PLC to Finseta, aimed at differentiating itself in a crowded market and reflecting its evolved business strategy and ethos. Furthermore, Finseta expanded its international presence, partnering with best-of-breed payment companies and banks to enhance its service offerings globally. Noteworthy developments included a new corporate card scheme with Mastercard and the approval to provide payment services in Canada, emphasizing Finseta's commitment to geographical and service expansion in its operations. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

May 13, 2024 10:25 AM Eastern Daylight Time

Video

New Tech Paves the Way for Faster Airport Security

MarketJar

Airport security delays and operational disruptions are becoming an increasingly common headache for travelers around the globe, often leading to missed flights and mounting frustrations. A recent incident at Birmingham Airport vividly illustrates this growing problem. Lucy Kenneally and her boyfriend Matthew experienced the chaos firsthand when they endured a staggering four-hour wait in the security line and ultimately missed their flight. 1 Days later, Gatwick Airport faced significant delays after a fire alarm in the South Terminal prompted a full evacuation, causing passengers to be stuck on the runway and leading to a cascading effect of delayed departures. 2 Of course, these are just a few examples that highlight a much bigger issue. In reality there are thousands of delayed flights every day across the US and up to 20,000 delays every single day around the world. The problem has gotten so bad that the Biden administration has developed a new rule to address one of the most pressing travel grievances: flight delays. 3 Announced in late April, the rule mandates airlines to provide automatic refunds for delays that disrupt travelers' plans significantly, reflecting a major shift towards enhancing passenger rights. Another major issue that demands an urgent solution are airport security breaches. According to the US Transportation Security Administration (TSA), there have been at least 300 instances of people bypassing parts of airport security in the last year. 4 These security concerns are coming to light at a time when the TSA is working to solve airport security issues by upgrading checkpoints with more advanced technology developed by AI security company Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF). Liberty Defense specializes in advanced security solutions tailored for areas with high pedestrian traffic and heightened security needs, including airports, stadiums, and educational institutions. The company's flagship product, HEXWAVE, licensed from the Massachusetts Institute of Technology (MIT), offers discreet, scalable protection that detects both metallic and non-metallic weapons. Revolutionizing Airport Security with Advanced Technology Liberty Defense Holdings (TSXV:SCAN) (OTCQB:LDDFF) has successfully deployed HEXWAVE across various market verticals and signed several large contracts with airports around the globe. The company also inked a $3.8 million contract with the TSA for its High-Definition Advanced Imaging Technology (HD-AIT) Wideband Upgrade Kit to improve detection capabilities and enhance the passenger experience. On May 13, Liberty Defense announced that its HEXWAVE system has been selected by the Frederick Douglass Greater Rochester International Airport (ROC) to enhance the TSA’s Aviation Worker Security Screening. ROC, a vital transportation hub serving about 2.4 million passengers annually with 120 daily flights, is now the first U.S. airport to integrate HEXWAVE into its security operations. This deployment marks a notable step in using advanced technology to bolster airport security and operational efficiency. “As industry leaders, we are excited to be the first airport in the United States to acquire the HEXWAVE system to use in our broader airport security program,” said Deputy Director at the Frederick Douglass Greater Rochester International Airport Andrew Moore. “ We will use the HEXWAVE to provide enhanced security and an improved screening experience in non-traditional areas of the airport. We are excited to work with Liberty Defense as we are continually looking to innovate and improve the overall safety of our airport.” Unlike traditional weapon detection technologies, HEXWAVE utilizes millimeter wave technology, advanced 3D imaging, and AI to detect a wide range of concealed metallic and non-metallic threats—including liquid, powder and plastic explosives, and 3D printed ghost guns—without requiring passengers to remove common items like belts and shoes. This capability allows for a faster, more seamless screening process, enhancing the flow of traffic and reducing bottlenecks at security checkpoints. Liberty Defense is also expanding into international markets, announcing a recent shipment of its HEXWAVE™ system to Amsterdam’s Schiphol Airport in the Netherlands and Subic Bay Airport in the Philippines. Click here for more information about Liberty Defense (TSXV:SCAN) (OTCQB:LDDFF). [1] https://nypost.com/2024/05/06/lifestyle/england-airports-15-minute-security-wait-turns-into-4-hour-nightmare/ [2] https://www.dailymail.co.uk/news/article-13399237/Chaos-London-Gatwick-airport-passengers-evacuated-South-terminal-fire-alarm-goes-amid-fears-flight-delays-inevitable.html [3] https://www.vox.com/politics/24147613/flight-delay-refund-white-house-rule [4] https://www.washingtonpost.com/travel/2024/04/04/airport-security-tsa-stowaway/ Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Liberty Defense Holdings Ltd. Market Jar Media Inc. was paid $1,500 for the production and publishing of this article by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.). Additional details relating to Market Jar Media Inc.’s engagement by Liberty Defense Holdings Ltd.’s Digital Marketing Agency of Record (Native Ads Inc.) are set out in https://pressreach.com/disclaimer-scan. 3) Statements and opinions expressed are the opinions of the author and not Market Jar Media Inc., its directors or officers. The author is wholly responsible for the validity of the statements. The author was not paid by Market Jar Media Inc. for this Article. Market Jar Media Inc. was not paid by the author to publish or syndicate this Article. Market Jar has not independently verified or otherwise investigated all such information. None of Market Jar or any of their respective affiliates, guarantee the accuracy or completeness of any such information. The information provided above is for informational purposes only and is not a recommendation to buy or sell any security. Market Jar Media Inc. requires contributing authors to disclose any shareholdings in, or economic relationships with, companies that they write about. Market Jar Media Inc. relies upon the authors to accurately provide this information and Market Jar Media Inc. has no means of verifying its accuracy. 4) The Article does not constitute investment advice. All investments carry risk and each reader is encouraged to consult with his or her individual financial professional. Any action a reader takes as a result of the information presented here is his or her own responsibility. By opening this page, each reader accepts and agrees to Market Jar Media Inc.’s terms of use and full legal disclaimer as set forth here. This Article is not a solicitation for investment. Market Jar Media Inc. does not render general or specific investment advice and the information on pressreach.com should not be considered a recommendation to buy or sell any security. Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on pressreach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management’s expectations regarding Liberty Defense Holdings Ltd.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Liberty Defense Holdings Ltd.’s industry; (b) market opportunity; (c) Liberty Defense Holdings Ltd.’s business plans and strategies; (d) services that Liberty Defense Holdings Ltd. intends to offer; (e) Liberty Defense Holdings Ltd.’s milestone projections and targets; (f) Liberty Defense Holdings Ltd.’s expectations regarding receipt of approval for regulatory applications; (g) Liberty Defense Holdings Ltd.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Liberty Defense Holdings Ltd.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Liberty Defense Holdings Ltd.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Liberty Defense Holdings Ltd.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Liberty Defense Holdings Ltd.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Liberty Defense Holdings Ltd.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Liberty Defense Holdings Ltd. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Liberty Defense Holdings Ltd.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Liberty Defense Holdings Ltd.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Liberty Defense Holdings Ltd.’s business operations (e) Liberty Defense Holdings Ltd. may be unable to implement its growth strategy; and (f) increased competition. Except as required by law, Liberty Defense Holdings Ltd. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Liberty Defense Holdings Ltd. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Liberty Defense Holdings Ltd. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Liberty Defense Holdings Ltd. or such entities and are not necessarily indicative of future performance of Liberty Defense Holdings Ltd. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

May 13, 2024 08:30 AM Eastern Daylight Time

Image

Phil Dervan appointed by Bacula Systems as Global Partner Strategy Director

Bacula Systems

Expanding its leadership in high security backup and recovery for HPC and demanding IT environments, Bacula Systems today announced it has appointed Phil Dervan as its Global Partner Strategy Director. Dervan will be responsible for overseeing and managing the relationships Bacula has with each of its partners, to help them further grow their business and deliver Bacula's value to customers. Dervan will increase Bacula's ability to adapt to changing market conditions, customer needs and partner feedback, as, in turn, it introduces its partners to increasingly large projects that need Bacula's high security protection and performance. “Phil's ability to constructively collaborate with technology partners, create and execute joint strategies and initiatives come at an exciting time for Bacula, when its highly secure backup and recovery software is increasingly being adopted by large enterprises with demanding IT environments. Having the right strategic partners can help Bacula bring even more value, especially in the areas of scalable storage, systems integration and high-performance Cloud providers" said Gopal RajGuru, CEO of Bacula Systems SA. "Bacula provides the missing link that storage providers and systems integrators need to provide their customers with a truly scalable, secure and resilient backup and recovery solution", said Dervan. "Other backup vendors may be effective in straightforward IT environments, but as soon as it gets complicated, more enterprise-grade and customizable software is needed. That's where Bacula comes in", said Dervan. Dr. Philip Dervan has held roles in Pre-Sales, Global Product Management Sales Operations, Partner Strategy, Partner Business Development and Solution Management positions. In 2002, Phil relocated to the USA from his native England, and lives in the greater Boston area. Phil worked at SAP for 23 years. Prior to SAP, Phil has more than 15 years of expertise in various line of business roles, as well as in strategic roles at Pirelli in the UK and in Italy. Phil holds an MBA and a PhD from the University of Southampton in the UK. Bacula’s customers include NASA, Warner Bros. Discovery, and Navisite. About Bacula Systems: Bacula Enterprise Edition is a highly scalable backup and recovery software for large organizations, data centers and MSPs. www.baculasystems.com Contact Details Rob Morrison rob.morrison@baculasystems.com +41 21 641 60 80 rob.morrison@baculasystems.com Company Website https://www.baculasystems.com/

May 13, 2024 06:27 AM Eastern Daylight Time

Utilities Sector ETF XLU Top Holdings

Select Sector SPDR

The Utilities Select Sector SPDR Fund ( XLU ) top holdings provide valuable insights into the key assets that constitute the fund's portfolio, offering investors a comprehensive view of its composition. XLU's Key Assets The top 10 holdings* of the Utilities sector ETF, XLU, include key players in the industry. The holdings are led by NextEra Energy at 13.93% of the ETF, followed by Southern Co. at 8.13%, Duke Energy at 7.68%, Constellation Energy at 6.02%, American Electric Power Co. at 4.59%, Sempra Energy at 4.57%, Dominion Energy at 4.32%, Exelon Corp. at 3.79%, PG&E Corporation at 3.70%, and Public Service Enterprise Group at 3.49%. These top holdings collectively represent 60% of the total assets within XLU. Boasting more than $16 billion in assets and a low total expense ratio of just 0.09%**, XLU offers a convenient gateway to this essential industry. XLU’s holdings provide investors seeking transparency and clarity regarding the composition of a fund that exclusively invests in utilities. By providing daily detailed information on its top holdings, XLU aims to enhance investor confidence and facilitate informed decision-making within the utilities sector. Investors and industry observers are encouraged to leverage this information to gain comprehensive insights into XLU's underlying holdings, enabling a deeper understanding of the intricacies of ETFs and mutual funds within the utilities sector. Decoding XLU's Investment Strategy XLU maintains a focused investment approach tailored to the unique dynamics of the utilities industry. The companies included in this fund are crucial to driving our economy forward, making the utilities sector an essential area of focus. 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 4/30/24 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. SEL007510 EXP 7/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

May 13, 2024 05:00 AM Eastern Daylight Time

Analyst's Bold SOL Forecast Grabs Headlines; KANG and DOGE Reign Supreme in the Meme Coin Space

Kangamoon

The crypto market was recently shaken after analyst Altcoin Sherpa made a bold Solana (SOL) price prediction. Meanwhile, KangaMoon (KANG) and Dogecoin (DOGE) are soaring in the meme coin space. In fact, numerous analysts claim that KANG, which is now in Stage 5 of its presale, could become the next 100x meme coin in 2024. Today, we find out why. Altcoin Sherpa: The Solana Price Could Surge to $500 Solana (SOL) has been showing some volatility in the market. CoinMarketCap data shows that the price of SOL fell from $154 to $133 on the one-week chart. In that time, the Solana market cap also moved between $68B and $59B. However, crypto analyst Altcoin Sherpa remains bullish. In his new tweet, he predicts SOL's growth to $500 this year. From a technical analysis standpoint, this prediction could come true. For example, the Solana coin trades above its 100 and 200-day EMAs. As a result, experts have made a bullish Solana price prediction - reaching $177 before the end of Q2 2024. KangaMoon (KANG): Among the Best Meme Coins To Buy As Solana steals all attention, other cryptos are still making headlines. KangaMoon (KANG) is one coin that has shone with its stellar presale performance. Notably, this meme coin has already raised over $6M and will reach $7M before May 2024 ends. There are now over 6K KANG holders and 20K registered community members. Evidently, global traders are interested in this meme coin since it will bring something new - utility. KANG will be the main in-game currency for KangaMoon's upcoming P2E game. With this meme coin, you can buy in-game items as well as upgrade characters. This utility immediately separates KANG from 99% of other meme coins, which are hype-driven only. Another aspect that makes KangaMoon different is its community-driven focus. For instance, KangaMoon rewards its most active community members with free KANG tokens before its launch. Thus, 20K members rush to like/share/comment on KangaMoon's social media posts and earn this meme coin for free. Early buyers of KANG have already experienced a 290% ROI as KANG costs $0.0196 in Stage 5 of its presale. But remember that KangaMoon has ties to the P2E gaming market, which may reach $885M by 2028. This means that KANG's long-term growth potential is outstanding. Experts foresee a 100x jump once this meme coin gets a Tier-1 CEX listing in Q2 of 2024. Analyst Kevin Makes a Bullish Dogecoin Price Prediction Meanwhile, Dogecoin (DOGE) is another meme coin that is seeing some bullish signs. For example, the Dogecoin volume has jumped 26% in the past week alone. In that period, the price of DOGE fluctuated between $0.15 and $0.13. Based on the historical performance, analyst Kevin predicts that this meme coin may soar to $3.80. The technical analysis for the Dogecoin crypto also shows bullish signals. For example, DOGE is trading above its 100 and 200-day EMAs. Thus, experts foresee a rise to $0.21 for Dogecoin within Q2 of 2024. Solana vs. KangaMoon vs. Dogecoin - Which One Rises First? In the battle between Solana, KangaMoon, and Dogecoin, the spotlight shines on KangaMoon. This is because KANG boasts a low market cap of $19.6M, hinting at its potential for explosive growth with fewer new funds needed for its price to skyrocket. If you want this meme coin, sign up for its presale and get a 10% bonus. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

May 11, 2024 05:39 AM Central Daylight Time

Image

USITC Issues Affirmative Preliminary Determination in Trade Case Against Imports of Ferrosilicon from Brazil, Kazakhstan, Malaysia and Russia

U.S. Ferrosilicon Producers

The U.S. International Trade Commission (USITC) preliminarily determined today that ferrosilicon imports from Brazil, Kazakhstan, Malaysia and Russia are causing material injury to the U.S. industry. All four Commissioners voted in the affirmative. The Commission’s unanimous vote comes in response to petitions filed on March 28 by CC Metals and Alloys, LLC (“CC Metals”) and Ferroglobe USA, Inc. (“Ferroglobe”), who together account for all American ferrosilicon production. The petitions allege that unfairly priced and subsidized ferrosilicon imports are injuring the U.S. industry and its workers. Ferrosilicon is a critical input used to produce steel and foundry products, making preservation of the American industry a matter closely related to significant national security priorities. “Producers in Russia, Kazakhstan, Malaysia, and Brazil are using predatory pricing practices to take market share from American producers. This distorts the market and puts American workers out of jobs,” said Marco Levi, Chief Executive Officer of Ferroglobe PLC. “Today’s vote is encouraging. It brings us one step closer to ensuring a level playing field.” On April 17, the U.S. Department of Commerce (Commerce) initiated eight antidumping (AD) and countervailing duty (CVD) investigations into imports of ferrosilicon from Russia, Kazakhstan, Malaysia, and Brazil. "Today's vote validates the data in our petitions and questionnaires showing the serious harm inflicted by unfair imports," said Chris Cobb, Plant Manager of CC Metals and Alloys, Inc. " We applaud the USITC for taking this step toward restoring fair competition to the U.S. market and confidence to U.S. workers and consumers. We look forward to seeing our trade laws enforced.” Commerce is continuing its investigations and will make preliminary CVD determinations as early as June 2024 and AD determinations as early as September 2024. If the determinations are affirmative, provisional AD and CVD duties will be collected based on the preliminary margins calculated by Commerce and potentially applied retroactively. About the CC Metals and Ferroglobe CC Metals traces its roots back to 1949, when it was founded as a producer of large-volume commodity ferroalloys for the steel industry in Calvert City, Kentucky. Today CC Metals is an ISO 9001 certified leading manufacturer of more than 40 different products including 18 different ferrosilicons and more than 20 different magnesium ferrosilicon inoculants, high purity, 3%-9% magnesium and proprietary alloys. CC Metals ships over 100,000 metric tons of finished product annually from its manufacturing facility in Calvert City, KY via barge, rail and truck. Ferroglobe USA, Inc. is a wholly-owned U.S. subsidiary of Ferroglobe PLC, a world leading producer of silicon metal and ferroalloys, serving a customer base across the globe in dynamic and fast-growing end markets, such as solar, automotive, consumer products, construction and energy. Through its subsidiaries, Ferroglobe operates metallurgical manufacturing facilities and mining sites in Alabama, Indiana, Kentucky, Ohio, South Carolina, and West Virginia. For more information, visit https://www.ccmetals.com/ and https://www.ferroglobe.com/ Contact Details Elizabeth Heaton +1 202-445-9858 elizabeth@eahstrategiesllc.com

May 10, 2024 04:10 PM Eastern Daylight Time

Did the Next Crypto Bull Run Begin? BTC Price Tops $64K and ETH Rises Above $3K. Raboo ICO Brings in Over $1 mil

Total Media

Last week started with a bullish trend and the crypto-market saw significant price movements. The BTC price passed the $64,000 mark and the ETH price hit $3,100. Amid the excitement, Raboo, the new crypto sensation of the DeFi world, raised over $1 million in its ongoing presale and is quickly heading for a 100x surge after its ICO. Bitcoin (BTC): The BTC price is quickly recovering As the first and biggest cryptocurrency in the world, the Bitcoin (BTC) price acts as a proxy for the entire market. Consequently, the recent post-halving drop in the price of Bitcoin triggered a market-wide bearish trend, nudging investors to liquidate their positions in anticipation of new growth signals. These market behaviors stand as a testament to Bitcoin's relevance to the entire crypto ecosystem. The latest growth in the Bitcoin (BTC) price resulted in a rebound for the entire market, with most tokens showing a 10% growth over the last week. Additionally, experts believe that the Bitcoin price is going to hit $75,000 in the coming months as more and more institutional investors are injecting funds into the crypto markets. Ethereum (ETH): What will happen to the ETH price in the following months? As the first to introduce smart contracts in the Web3 world, Ethereum soon became the second most valuable cryptocurrency by market cap. This great surge may be attributed to the importance of Ethereum in the whole crypto ecosystem, from the DeFi sector to the NFT industry. Unfortunately, despite all the enthusiasm around the project, the Ethereum (ETH) price is still hovering around $3000. Experts suggest that this high-volatility period should be expected and that the future of Ethereum is still looking bright. The majority of these voices claim that Ethereum is probably going to reach the $5000 mark in the coming months and that wise investors should act upon this opportunity and get ready for the start of the next bull run. Raboo (RABT): The next rising star of the crypto world Raboo is a new AI meme coin that has amazed the market with its unique mix of advanced technology, SocialFi mechanics, and community-driven philosophy. Investors are offered a variety of features such as AI-generated memes, social media content monetization via Raboo's post-to-earn platform, and different exclusive advantages. Thanks to its innovative technology and robust ecosystem, Raboo successfully attracted over 5,000 members to its vibrant community. Thus, with a starting price of only $0.0042 and optimistic predictions of a 100x payday for early investors, it's not hard to see why Raboo is viewed as a golden opportunity by gem hunters worldwide. Conclusion As the market recovers back from last month's bearish trend, investors are watching the Bitcoin (BTC) and Ethereum (ETH) prices for the start of the next bull run. This indicates a positive future for Raboo's presale, positioning the project as one of the best post-halving investments available for any gem hunter looking for their next 100x. Make sure you don't miss out on this golden opportunity! You can participate in the Raboo presale here. Contact Details Total Media Solutions media@Totalsolutionspr.io

May 09, 2024 04:05 PM Eastern Daylight Time

Image

Triomics automates oncology workflows with GenAI powered platform, raises $15M

Triomics

Currently, oncology staff must manually search thousands of patient health records to find the right trials or care pathways for their patients. Triomics is today announcing it has raised $15M to help cancer centers streamline these workflows and process oncology data at scale by applying their framework to build, institution-tuned large language models (OncoLLM™) and use case-specific software. The company has raised from several Silicon Valley firms making pioneering investments in generative AI and healthcare, including Lightspeed, Nexus Venture Partners, General Catalyst and Y Combinator. Manual chart review can take hours per patient, and many health systems face significant backlogs in completing key oncology-related workflows for thousands of patients. This workload leads to clinical delays, such as patients missing out on clinical trials or biomarker-driven treatments, lagging quality reporting, and provider dissatisfaction and turnover. Triomics co-founders Sarim Khan (CEO) and Hrituraj Singh (CTO) were college friends who later worked as an MIT biotech researcher and Adobe AI researcher, respectively. They knew software existed to quickly analyze the ~20% of medical data that is stored in a uniform, structured manner, like a patient’s demographics or laboratory values. However, they realized recent advances in generative AI created the possibility of similarly analyzing the ~80% of medical data that exists in an unstructured format, like a doctor’s free-text note. “Hrituraj and I decided to partner to build solutions leveraging the advances in the field of generative AI and LLMs to help hospital staff,” said Sarim Khan, CEO of Triomicss. “We want our solutions to reason and sound like experts in oncology.” After developing an OncoLLM™ with Medical College of Wisconsin researchers, Triomics found that, in just minutes, it found 90% of eligible patients for clinical trials, which would have taken days or weeks for qualified nurses. It also extracted structured data points from unstructured notes at similar or higher accuracy to proprietary models like GPT4 or Claude while being 40 times cheaper. Triomics recently also published the results of its information retrieval engine for oncology, which they found to be 1.5-2 times better than other state-of-the-art retrieval models. “Most of the solutions on the market today claim they use GenAI, but many lack published evidence. Triomics is setting themselves apart by taking a truly collaborative approach to co-developing these models,” said Bradley Taylor, Chief Research Informatics Officer at the Medical College of Wisconsin and Director of the CTSI Center for Biomedical Informatics. Anai Kothari, a surgical oncologist at the Medical College of Wisconsin Cancer Center added: “The ability to quickly and accurately convert complex cancer data into a format that can be used to improve patient care is crucial. Triomics has been a great partner in integrating our suggestions and rigorously studying their approach to ensure safety.” OncoLLM™ powers proprietary Triomics software that integrates with health system EHRs to complete specific clinical and administrative tasks. For example, Triomics Prism aids in patient-trial matching by prescreening oncology patients with upcoming appointments to find relevant clinical trials. Triomics Harmony curates EHR data to support quality reporting, cohort analysis and precision oncology. Hrituraj Singh, CTO at Triomics, commented: “Our investments in our core areas of focus have been deliberate. We have successfully merged expertise in two complex functional areas: our AI researchers, who are specialized in customizing language models to specific domains, and our clinical staff, who have decades of oncology-specific experience. As a result, our software can complement the strengths of these advanced models while also proactively addressing potential flaws, all with the intricacies of cancer research and care in mind.” Given the heightened importance of accuracy for oncology data, Triomics partners with leading academic cancer centers and researchers to develop generative AI performance and safety benchmarks and best practices. Partners include the Collaboration for Oncology-focused LLM Training (COLT), a consortium of leaders from a dozen NCI-designated cancer centers, and the Cancer Informatics for Cancer Centers (CI4CC) Society. “We differentiate ourselves by building tailored models specifically for oncology and pairing them with GenAI native workflows,” said Sarim Khan. “While other solutions address some of the use cases we’re working on, like patient-trial matching, they are broad based solutions that use or modify legacy technologies that have proven not to have the scalability or ROI the industry is requesting.” Triomics next plans to publish additional data on OncoLLM efficacy across a diversity of settings and patient populations, and develop software that powers additional use cases. “Triomics is leveraging existing healthcare datasets and Generative AI to empower hospital staff to automate clinical trials and streamline cancer center workflows,” said Dev Khare, partner at Lightspeed. “We are excited to back Triomics in this important mission.” “With robust early results for their proprietary oncology specific LLMs and partnerships with leading cancer care and research centers, Triomics is well poised to deliver significant value to cancer care providers and patients in the U.S. and globally,” said Jishnu Bhattacharjee, managing director at Nexus Venture Partners. “We are thrilled to partner with Sarim and Hrituraj to help build a remarkably impactful company!" About Triomics Triomics uses generative AI to streamline workflows for cancer centers. Its oncology specialized generative AI model (OncoLLMTM) and use case-specific software help cancer providers process free-text health record data at scale, match patients to clinical trials, improve quality of care operations, deliver precision oncology and more. Based in San Francisco, the company has raised $15 million from leading VC investors. About Lightspeed Lightspeed is a global multi-stage venture capital firm focused on accelerating disruptive innovations and trends in the Enterprise, Consumer, Health, and Fintech sectors. Over the past two decades, the Lightspeed team has backed hundreds of entrepreneurs and helped build more than 500 companies globally including Affirm, Acceldata, Carta, Cato Networks, Darwinbox Epic Games, Faire, Innovaccer, Guardant Health, Mulesoft, Navan, Netskope, Nutanix, Rubrik, Sharechat, Snap, OYO Ultima Genomics and more. Lightspeed and its global team currently manage $25B in AUM across the Lightspeed platform, with investment professionals and advisors in the U.S., Europe, India, Israel, and Southeast Asia. About Nexus Venture Partners Nexus Venture Partners is a leading early-stage venture capital firm partnering with extraordinary entrepreneurs to build product-first companies. With $2.6 billion under management, Nexus operates as one team across the US and India. Nexus portfolio includes Apollo.io, Aryaka, Clover Health, Delhivery, Druva, FingerprintJS, Hasura, H2O.ai, Infra Market, Kaltura, Mezi, MinIO, Observe.ai, Postman, Pubmatic, Quizizz, Rancher, Sibros, Snapdeal, TileDB, Turtlemint, Unacademy, and Zomato. Contact Details Triomics Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.triomics.com/

May 09, 2024 01:16 PM Eastern Daylight Time

Image

Nextech3D.ai Unveils Success of AI-Powered 3D Model Search Engine, Accelerating Production by 40%

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to revealed the triumph of their proprietary AI-Powered 3D model search engine launched in Q1, 2024. This cutting-edge AI technology, powered by Nvidia's GPUs, revolutionizes the 3D modeling process by significantly enhancing speed and scalability. Using images as input, the AI search engine swiftly sifts through Nextech's extensive library of 3D models and meshes, recommending the closest match to the provided image. According to Gappelberg, the implementation of this AI search engine has led to a remarkable 40% increase in production, enabling the company to boost its output of 3D models significantly. Nextech3D.ai remains committed to advancing its proprietary technology and has plans to patent its breakthrough AI innovations tailored for the mass scale of 3D models, identifying this market segment as a key growth opportunity in 2024. Developed in-house by the company's team of AI engineers and scientists, the AI-powered search engine effortlessly scours Nextech's vast repository of over 200,000 3D models, matching colors, textures, and shapes to deliver precise results. This achievement underscores Nextech3D.ai's technical prowess and expertise in harnessing AI to drive innovation in the 3D modeling industry. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 09, 2024 10:41 AM Eastern Daylight Time

Video