News Hub | News Direct

Tennr puts fax machines back in vogue for healthcare organizations using AI, as it secures $18m from a16z

Tennr

Fax machines are older than telephones and the internet. Despite being a legacy technology, the healthcare industry still sends 9 billion faxes a year because they are more reliable than telephone calls and emails. While most startups have been trying to digitize faxes out of existence, Tennr has raised $18M to bridge healthcare’s problems in an unconventional way: working with, not against, the fax machine. Tennr’s $18m series A funding round was led by a16z with participation from Foundation Capital and The New Normal Fund. Other investors (from the seed round) include YCombinator, Zaza Pachulia, Jennifer Kaehms, and other notable health and AI focused investors. With this funding round, Tennr has now raised over $25m. Tennr’s founders, Trey Holterman, Diego Baugh, and Tyler Johnson, met as freshmen at Stanford where they worked together studying machine learning. They saw early on how good contextual models were becoming at doing repetitive, manual tasks and how much power this had to ‘magic away’ busywork in traditional industries. After graduation, the team dedicated years to building powerful, robust systems for reading unstructured documents, automating data entry, and applying them specifically to healthcare. Today, practices nationwide are using Tennr to automate referral processing, payment posting, claims auditing, medical record management and more. Many thought faxes would face their end in 2009 when the HITECH Act put $27 billion towards encouraging healthcare to use EHRs, become “paperless,” and set up integrations. Fifteen years later, most providers and hospitals have implemented EHRs, but still default to e-faxing for sending or receiving patient records, audit requests, and referrals back to coordinate patient care. This manual work triggers an endless cascade of issues for practices: it’s time-consuming, takes longer for patients to receive critical care, is vulnerable to human error, leads to expensive claim denials, creates needless back-and-forth between practices delaying care, and increases employee burnout and turnover. While most products that streamline healthcare workflows attempt to sever the dependency on faxes, Tennr is taking a different approach. Instead of expecting practices to change, Tennr meets them where they are — working inside the solution they already know and trust. When a practice receives a digital fax through email or their EHR inbox, Tennr reads the documents and automates the work associated with processing them. This act of finding and moving information quicker and with more accuracy resolves most of the problems digital faxes cause. For example, when a patient is referred from a primary care provider to a specialty practice through a faxed referral, Tennr, in real time, extracts the key patient information and coordinates with the patient so they can be scheduled quickly and accurately; if a fax or referral is incomplete, Tennr automatically requests the missing information. As a result, patients get the care they need, allowing practices to maintain stronger referral relationships, provide continuity of care and improve patient outcomes. “When building Tennr and this healthcare integration, we looked at what’s actually needed and saw what was possible with technology. Our number one integration today is across fax providers, on-prem file storage systems and EHRs from the 90s. And this is the real life need of the industry. But beyond that, what people miss the most in all of this is that it’s not about just automating work or making teams faster. Lots of people can build tools that make admins marginally faster–that just doesn’t move the needle. Instead, our research team is building models based around this very complex information flow, being able to parse it for one practice at a time, and then do the work so well that you can turn it into very clear growth for a business. And yes, the e-fax ends up being in the middle of it all,” said Trey Holterman, CEO and co-founder of Tennr. Insurance denials are often the result of poor or unclear information which impacts the provider and patient. Tennr works on both sides of the insurance/provider relationship, automating the flow of information to commercial payors, as well as reading the information that’s returned. Ultimately, this helps service providers catch and correct wrong information before they submit to a commercial payor. Moreover, when Tennr identifies wrong information it’s able to request the correct information, in the correct format – minimizing insurance denials and helping practices get paid faster. And since Tennr is automating this work, there are no manual errors, less employee burnout, and crucially, returns time back to staff. The hard part is of course, actually reading the faxes, and integrating with archaic systems. Documents that can be many pages long with dozens of patients attached are unstructured, messy blobs of data that are nearly impossible for computers to work with. To make matters worse, actually getting data where it needs to go (onto an electronic health records system) requires maintaining integrations with archaic and fragmented systems. Rommy Foteh, the Chief Operations Officer at NMA, a national specialty practice serving tens of thousands of patients a month said: “it's been about effectively seeing more patients while being the kind of partner our customers need. When we’re able to respond to our partners as quickly as we do now using Tennr, and ensure we have everything we need to see a patient, those patients remember their great experience with NMA, encouraging our surgeons and hospitals to continue to refer to us.” Commercial health plans like Prominence Health have begun to excitedly embrace this new technology as well, seeing it as a driver for better experiences for providers which means a better experience for patients subscribed to Prominence Health. Dominic Henriquez, Chief Development Officer at Prominence Health said, “At Prominence Health, we lead the charge in innovating value-based care, constantly seeking disruptive technologies to enhance operational efficiency. The Tennr product seamlessly aligns with our mission to deliver higher value to our customers. By eliminating traditional administrative burdens like scanning medical records and data entry, Tennr enables us to prioritize elevating patient experiences, improving health outcomes, and enhancing care coordination.” Cleaning up the messy data coming in from faxes to automate patient intake and insurance communications is just the beginning of Tennr’s vision. If Tennr can read faxes, understand what information needs to be extracted from them, and where that information needs to go, it can chip away at many of the most costly problems within the US health system. For now, Tennr is using this investment to grow its team, scale its operations, and help organizations automate everything that starts with a fax. “Amidst the theoretically unbounded possibilities of AI, the Tennr team has impressed us with their unwavering focus on building applications solving specific, tangible problems for their customers, said Kristina Shen, general partner at Andreessen Horowitz. About Tennr Based in New York, Tennr automates the messy, painful, manual work holding healthcare organizations back from seeing more patients, increasing revenue, and growing their business. These automations are configurable to the intricacies of each organization’s workflows – meaning they can perform exactly the way a human would, using a practice’s existing tools. As a result, organizations can automate any work that begins with a fax without migrating to a new tool or increasing their headcount. These organizations can also use the data Tennr structures to take advantage of trends that can grow their practice. Learn more at https://www.tennr.com/ About a16z Andreessen Horowitz (aka a16z) is a venture capital firm that backs bold entrepreneurs building the future through technology. We are stage agnostic. We invest in seed to venture to growth-stage technology companies, across AI, bio + healthcare, consumer, crypto, enterprise, fintech, games, and companies building toward American dynamism. a16z has $35B in assets under management across multiple funds. Contact Details Tennr Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.tennr.com/

March 26, 2024 09:00 AM Eastern Daylight Time

Image

SEC Treasury Clearing Mandate: What Market Participants Need to Know

Tradeweb

Late last year, the U.S. Securities and Exchange Commission (SEC) adopted a new set of rules requiring the majority of trades in the $26 trillion U.S. Treasuries markets to be cleared through a central counterparty clearinghouse. Coupled with new regulations that expand dealer registration requirements, the changes represent arguably the most significant overhaul yet to the structure of the world’s largest and most liquid market. The new rules are set to be phased-in beginning in March 2025, with Treasury cash clearing beginning December 31, 2025, and repo clearing beginning June 30, 2026. For those of us who were around to see a similar-looking mandate introduced in the interest rate derivatives markets as part of the Dodd-Frank Act following the 2008 financial crisis, there is a feeling of deja vu. Back then it seemed all anyone could talk about was fears that: swaps liquidity would grind to a halt; increased trading costs would put entire industry segments out of business; and overreliance on clearinghouses would create new systemic risks. Thankfully, those fears did not materialize. Perhaps because we’ve all now lived through more than a decade of smooth operation in centrally cleared swaps markets and steady growth of electronic swaps trading, or maybe because the Treasury clearing mandate was ultimately narrower than many in the industry had initially anticipated, much of the fear-mongering that came along with Dodd-Frank has been absent this time around. Still, despite the relative calm with which the news was digested, lingering concerns about clearing capacity and ever-growing capital requirements for the banks are very much a factor for market participants as they prepare for upcoming central clearing deadlines. Clearinghouse Access and Trading Costs When it comes to the Treasury clearing portion of the mandate, a primary concern is the threat of increased trading costs. Strategists at Deutsche Bank were quoted in the Financial Times saying, “On the flip side, dealers will face higher clearing costs, which they may pass down to customers in the form of wider spreads.” It’s still anyone’s best guess which clearinghouses will ultimately launch Treasury clearing offerings and what clearing model(s) they will employ. Today, Fixed Income Clearing Corporation (FICC) is the only clearing agency for U.S. Treasury transactions. At FIA Boca in mid-March 2024, however, CME announced their plan to enter the space, and we understand that other existing clearinghouses are also focusing closely on the U.S. Treasury market. There are also unanswered questions about who, exactly, will need to clear, which is dependent to some extent on the implementation of SEC’s expanded broker-dealer rule. Under the new clearing rules, all U.S. Treasury trades between members of a clearinghouse and registered broker-dealers, and any trades made via an interdealer broker must be cleared. Most bank dealers in this market are direct members of FICC and currently clear their trades there. However, under these new rules, other participants, such as Proprietary Trading Firms (PTFs), who may need to register to become broker-dealers, will need to start clearing their trades. This expanded broker-dealer rule, it’s worth noting, is currently being challenged. In other markets, participants who are not direct participants of a clearinghouse can only access the clearing agency through another market participant who is a direct participant, usually through a “sponsored” or futures commission merchant (FCM) model. Implementing these types of models in the U.S. Treasury space raises questions about commercial viability. The banks who traditionally offer services to sponsor non-banks at a clearinghouse may find that these businesses are not commercially compelling, especially if they are required to hold more and more capital. As a result, indirect participants may find it challenging and expensive to contract with banks to access a clearinghouse, which could result in increased overall trading costs to indirect participants. Market Resiliency and Liquidity As discussed above, the potential for increased costs could have an unintended impact on the U.S. Treasury market. Widely regarded as the most liquid marketplace in the world, any incremental slowdown in that liquidity could create significant knock-on effects in adjacent markets, and more urgently, affect the U.S. government’s ability to fund itself. Liquidity in U.S. Treasury markets is critical in all market conditions, but the consequences of illiquidity can be particularly acute during times of volatility or market stress. The market disruptions at the beginning of the COVID crisis in March 2020 clearly illustrate this issue. The introduction of central clearing would not alleviate liquidity constraints such as those seen in March 2020, and to the contrary, there is an argument that the obligation to meet increased margin and collateral calls during these times would introduce greater stress into the system and ultimately diminish liquidity even further. Part of that will come down to how access to FICC, or a new-entrant clearinghouse, is either encouraged or disincentivized. This will depend on whether or not commercial terms and/or netting arrangements can be leveraged to make clearing terms more attractive for market participants. DTCC and CME have made headway in this space, but as CME and other clearinghouses pursue their own clearing offerings, other solutions may also emerge. On the flip side, it is possible that, depending on exactly how the details of the clearing mandate are implemented, the requirement could increase dealer capacity in certain markets. Netting, for example, whereby the clearinghouse can aggregate several trades to reduce overall risk exposure, could reduce dealer capital and balance sheet capacity attributed to specific trades, giving the dealer the ability to enter into additional transactions. For this benefit to be realized, however, the SEC and market participants will need to understand and consider precisely how any clearing mandate would affect with the relevant capital and accounting rules, as well as regulatory initiatives still in flight such as Basel III Endgame. In either scenario, it is important to recognize that the detailed mechanics of the clearing process could have a material impact on overall liquidity in U.S. Treasury markets. What’s Next Just as we saw with the central clearing of swaps, the next several months will be filled with conversations on the specific details of implementation, which will collectively determine the long-term impacts of the Treasury clearing mandate on counterparty risk, trading costs and liquidity. Tradeweb’s deep presence across institutional, wholesale and retail markets position us well to help our clients navigate these upcoming changes. Over the next year, we will continue to work closely with dealers, customers, clearinghouses, and regulators to ensure a seamless clearing process on our platforms. We’ll also provide updates every step of the way to ensure our clients are ready to address any new details as they emerge. This will include updates around the central clearing mandate as it relates to repo transactions in U.S. Treasuries, and what these regulatory requirements mean for market participants trading repo and our industry more broadly. About Tradeweb Markets Tradeweb Markets Inc. (Nasdaq: TW) is a leading, global operator of electronic marketplaces for rates, credit, equities and money markets. Founded in 1996, Tradeweb provides access to markets, data and analytics, electronic trading, straight-through-processing and reporting for more than 50 products to clients in the institutional, wholesale and retail markets. Advanced technologies developed by Tradeweb enhance price discovery, order execution and trade workflows while allowing for greater scale and helping to reduce risks in client trading operations. Tradeweb serves more than 2,500 clients in more than 70 countries. On average, Tradeweb facilitated more than $1.4 trillion in notional value traded per day over the past four quarters. For more information, please go to www.tradeweb.com. Forward-Looking Statements This release contains forward-looking statements within the meaning of the federal securities laws. Statements related to, among other things, our outlook and future performance, the industry and markets in which we operate, our expectations, beliefs, plans, strategies, objectives, prospects and assumptions and future events are forward-looking statements.We have based these forward-looking statements on our current expectations, assumptions, estimates and projections. While we believe these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond our control. These and other important factors, including those discussed under the heading “Risk Factors” in documents of Tradeweb Markets Inc. on file with or furnished to the SEC, may cause our actual results, performance or achievements to differ materially from those expressed or implied by these forward-looking statements. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. The forward-looking statements contained in this release are not guarantees of future performance and our actual results of operations, financial condition or liquidity, and the development of the industry and markets in which we operate, may differ materially from the forward-looking statements contained in this release. In addition, even if our results of operations, financial condition or liquidity, and events in the industry and markets in which we operate, are consistent with the forward-looking statements contained in this release, they may not be predictive of results or developments in future periods.Any forward-looking statement that we make in this release speaks only as of the date of such statement. Except as required by law, we do not undertake any obligation to update or revise, or to publicly announce any update or revision to, any of the forward-looking statements, whether as a result of new information, future events or otherwise, after the date of this release. Contact Details Tradeweb Media Contact Savannah Steele +1 631-655-4225 Savannah.Steele@Tradeweb.com Tradeweb Media Contact Daniel Noonan +1 646-767-4677 Daniel.Noonan@Tradeweb.com

March 26, 2024 08:42 AM Eastern Daylight Time

Announcing the 50mm F1.2 DG DN | Art lens, the Brightest 50mm Prime Lens in SIGMA's Lineup

SIGMA CORPORATION OF AMERICA

SIGMA Corporation of America, the US subsidiary of SIGMA Corporation (CEO: Kazuto Yamaki. Headquarters: Asao-ku, Kawasaki-shi, Kanagawa, Japan) is pleased to announce the new SIGMA 50mm F1.2 DG DN | Art lens, a remarkably compact, ultra-fast standard prime lens for full-frame mirrorless camera systems. The new SIGMA 50mm F1.2 DG DN | Art is the brightest in the SIGMA 50mm prime lens lineup, while delivering extremely high optical performance from its widest aperture. It has achieved the highest level of performance among successive generations of Art lenses. The F1.2 maximum aperture allows photographers to actively take advantage of the large bokeh effect and to shoot handheld with a wide aperture in low-light situations such as indoors and evening scenes. Thanks to the excellent correction of various aberrations such as spherical aberration, sagittal coma flare, and axial chromatic aberration, along with SIGMA's first 13-blade rounded diaphragm, which maintains a circular bokeh effect even when the aperture is stopped down, this lens delivers beautiful imaging characteristics. Dual HLA-driven floating focusing, with one group near the front of the lens and one group near the back, provides stable optical performance from close to distant focus. The design also minimizes focus breathing, with very little change of the angle of view as focal distance changes, which is helpful for video capture. The dual floating HLA autofocus achieves focus smoothly, swiftly and silently for both still and video, and the manual focus ring can be assigned to be linear or non-linear response on compatible L-Mount cameras. Despite the fast aperture, the SIGMA 50mm F1.2 DG DN | Art lens is has the lightest weight in its class *, and is 30% smaller than the SIGMA 35mm F1.2 DG DN | Art lens. It is very similar in size and weight to the SIGMA 50mm F1.4 DG DN | Art lens, which was achieved in part by streamlining the optical system. * Full-frame mirrorless 50mm F1.2 lenses as of March 2024. As a DG DN Art lens designed specifically for full-frame mirrorless camera systems, the SIGMA 50mm F1.2 DG DN | Art is built with dust and splash-resistant structure, water and oil-repellent coating on the front lens element, and durable brass bayonet mount; along with click/de-click and lockable aperture ring, an AFL button, and AF/MF switch. Offered in L-Mount and Sony E-mount versions, the lens will be available on April 18, 2024 at a retail price of $1,399 through authorized retail partners. Learn more at the SIGMA America website: https://www.sigmaphoto.com/50mm-f1-2-dg-dn-a Exclusively for mirrorless cameras | Compatible with full-frame cameras A | Art SIGMA 50mm F1.2 DG DN Unveiling another SIGMA Art line F1.2 lens. Elevating photographic mastery beyond conventional limits. Highest descriptive power to take advantage of F1.2 brightness Lightest weight lens body in its class, suitable for a wide range of applications A wealth of functions for professional use and excellent build quality Supplied accessories: CASE, LENS HOOD LH782-03, FRONT CAP LCF-72mm III, REAR CAP LCR II Available mounts: L-Mount, Sony E-mount Launch date: April 18, 2024 * The appearance and specifications of the products are subject to change. * Sony E-mount lenses are developed, manufactured and sold in accordance with the E-mount specifications licensed under a license agreement with Sony Corporation. * L-Mount is a registered trademark of Leica Camera AG. #SIGMA #SIGMA50mmF12Art #SIGMAArt #SIGMAArtPrime #SIGMADGDN The lightest in its class* ― Bright F1.2 maximum aperture and the highest level of descriptive power from SIGMA's Art line. SIGMA's Art line has been offering new possibilities and surprise for expression, and now the SIGMA 50mm F1.2 DG DN | Art is here to break the standards. SIGMA's focus with this lens is on the descriptive power that is perfectly usable from the widest aperture, and on portability that allows the high performance to be demonstrated in any field. In terms of image rendition, SIGMA achieved high resolving power from the maximum aperture throughout the entire focus range, while also enriching the beauty of the large bokeh effect at F1.2. In addition, the lens construction and mechanical design have been stripped down to the bare essentials, resulting in a significantly compact and lightweight body. The lens is also equipped with a full range of functions suitable for professional use, including high-precision AF using the latest HLA (High-response Linear Actuator) that reduces volume while maintaining the same thrust. We hope users will enjoy the superb Art F1.2, which will transform everything they capture and even their photographic experience into something extra special. * As an AF 50mm F1.2 interchangeable lens for full-frame mirrorless cameras. (As of March 2024 by SIGMA) [Key Features] 1) Highest descriptive power to take advantage of F1.2 brightness The SIGMA 50mm F1.2 DG DN | Art has been designed with an emphasis on high resolution from the maximum aperture to the full focus range and large, beautiful bokeh expression. The contrast between the sharpness of the focus surface and the melting bokeh effect creates a three-dimensional effect thanks to its F1.2 aperture. In addition, the 13-blade diaphragm allows for beautiful bokeh expressions. Focus breathing is also well-suppressed that the F1.2 rendering can be fully utilized in video recording. Brightness of F1.2 maximum aperture and high resolution from minimum to infinity focus The latest optical design achieves high resolving power with each aberration thoroughly suppressed from the maximum aperture. The lens is capable of rendering details without color bleeding in any situation. In addition, the incorporated floating focus is advantageous in improving short-range performance, ensuring a stable, high-level image quality throughout the entire range from the minimum focusing distance to infinity. Rich and beautiful bokeh without color bleeding By correcting spherical aberration, sagittal coma flare, axial chromatic aberration, and other aberrations, the lens delivers natural bokeh images that blur smoothly and without color bleeding from the focal plane. Double-line bokeh is also suppressed, allowing users to take advantage of the mellow bokeh effect in their expression. Rounded diaphragm with 13 blades The lens incorporates SIGMA's first 13-blade diaphragm, which maintains a circular shape even when stopped down from the maximum aperture. The surface accuracy of the aspherical lens has been enhanced to the utmost to enable smooth and beautiful round bokeh expressions. Designed to minimize focus breathing Optimization of the focus group arrangement and aspherical shape significantly suppresses focus breathing. The change in angle of view due to focus shift is minimized, creating a natural-looking focus shift when recording video. Designed to minimize flare and ghosting Flare and ghosting, which reduce image quality, are addressed under all conditions of incident light, based on the most advanced simulation technology. High backlight resistance enables clear and sharp images under any lighting conditions. L2) Lightest lens body in its class*, suitable for a wide range of applications By uncompromisingly pursuing high optical performance and portability, which are inherently contradictory, the highest level of performance has been condensed into the lightest lens body in its class. The SIGMA 50mm F1.2 DG DN | Art can be used not only in limited situations and applications, but in all kinds of shooting environments. * As an AF 50mm F1.2 interchangeable lens for full-frame mirrorless cameras. (As of March 2024 by SIGMA) Dual HLA incorporating a new system A new system was developed that significantly reduces the volume while maintaining the same thrust of the HLA, which is characterized by its high driving accuracy and quietness, and is featured in each of the two focus groups. This technological innovation has realized both high-speed autofocus and a compact lens body. Lens construction and mechanical design stripped down to the absolute minimum Each piece of glass is made as thin as possible while employing glasses with a high refractive index and four aspherical lenses. The high level of production technology at SIGMA's only manufacturing base, the Aizu factory, provides the exacting precision necessary for processing these thin glass elements and making this mass production possible. In addition, the floating focus ensures high performance while shortening the overall length, resulting in a compact lens. In the mechanical design phase, emphasis was placed on weight reduction. Through the systematic elimination of individual components, SIGMA attained the distinction of producing the lightest lens in its class, weighing a mere 745g / 26.3oz.* * These figures are for L-Mount. 3) A wealth of functions for professional use and excellent build quality In addition to various functions that support photography, such as the AFL button* and an aperture ring, the construction of the lens body itself and its high-quality touch and feel are also pursued. The SIGMA 50mm F1.2 DG DN | Art is designed with high functionality and reliability to meet the stringent demands of professionals, as well as excellent build quality for long-lasting, reliable use. * Function available on supported cameras only. Available functions may vary depending on the camera used. Proud to be a tool of expression, excellent build quality with SIGMA's Art line specifications By assembling high-precision parts made of lightweight and strong TSC* and other materials, the lens has the high level of rigidity and durability of SIGMA's Art line specifications without sacrificing portability, as well as excellent build quality that allows for long-lasting and reliable use as a photographic tool. * TSC (Thermally Stable Composite) is a type of polycarbonate with a thermal expansion rate similar to that of aluminum. It has a high affinity to metal parts, which contributes to high quality product manufacturing. Various shooting assist functions The lens is equipped with an AFL button which can be assigned to a range of functions via the menu on selected cameras. In addition to the aperture ring, the lens is equipped with an aperture ring lock switch and a click switch to turn the click on and off. Dust and splash resistant structure* and water and oil repellent coating In addition to a dust and splash resistant structure, the front element of the lens features a water and oil repellent coating, allowing users to shoot without concerns even in harsh outdoor environments. * The structure is designed to be dust and splash resistant, but not waterproof. Be careful not to bring the lens in contact with a large amount of water. Water inside the lens may cause major damage and even render the lens unrepairable. Includes a petal-type hood with lock A dedicated petal-shaped hood is supplied. A locking mechanism is provided for secure attachment. [ Additional Features ] Lens construction: 17 elements in 12 groups (4 aspherical elements) Inner focus system Compatible with high-speed autofocus HLA (High-response Linear Actuator) Compatible with Lens Aberration Correction * Function available on supported cameras only. Available corrections or auto correction functionality may vary depending on the camera model. * On cameras where lens aberration correction is controlled with "ON" or "OFF" in the camera menu, please set all aberration correction functions to "ON" (AUTO). Supports DMF and AF+MF Compatible with AF assist (for Sony E-mount only) Super Multi-Layer Coating Water and Oil Repellent Coating (front element) Aperture ring Aperture ring click switch Aperture ring lock switch AFL button * Function available on supported cameras only. Available functions may vary depending on the camera used. Focus Mode switch Support for switching between linear and non-linear focus ring settings (for L-Mount only) * Function available on supported cameras only. Dust and Splash Resistant Structure Petal-type hood with lock LH782-03 Compatible with SIGMA USB DOCK UD-11 (sold separately / for L-Mount only) Designed to minimize flare and ghosting Every single lens undergoes SIGMA's proprietary MTF measuring system 13-blade rounded diaphragm High-precision, durable brass bayonet mount Mount Conversion Service available "Made in Aizu, Japan" craftsmanship Learn more about SIGMA's craftsmanship here: https://www.sigma-global.com/en/about/craftsmanship/ [ Key Specifications ] [ Information ] SIGMA Corporation: https://www.sigma-global.com/ SIGMA Global Network: https://www.sigma-global.com/en/corporate/world-network/ Product Information: https://www.sigma-global.com/en/lenses/a024_50_12/ [ About SIGMA Corporation ] Craftsmanship. Precision. Dedication. Since 1961, SIGMA has been devoted to the pursuit of advancing photographic technology. Unique to the industry, the family-owned business produces its high-quality, award-winning still photo and cinema camera lenses, DSLR and mirrorless cameras, flashes, filters and accessories from its state-of-the-art manufacturing facility located in Aizu, Japan. In 2012, the company introduced SIGMA Global Vision with three distinct lens lines: Art, Contemporary and Sports. Designed for industry camera mount systems including Canon, Fujifilm, Leica, Nikon, Olympus, Panasonic, Sony and SIGMA, each lens is handcrafted and tested in Japan to ensure a high-performance, premium product that is purpose-built to last. In 2016, the SIGMA Cine lens lineup was launched, further cementing SIGMA as an innovator in imaging engineering. Embodying the core optical DNA that has defined the SIGMA benchmark of excellence, SIGMA Cine lenses meet the needs of advanced 6k and 8k cinema production. Forming the landmark L-Mount alliance alongside Leica and Panasonic in 2018, SIGMA continues its storied tradition of imaging excellence through groundbreaking innovations such as the native L-mount SIGMA fp and fp L full-frame mirrorless digital cameras, announced in July 2019 and March 2021 respectively. These products, along with dozens of award-winning SIGMA Global Vision lenses available in native L-Mount format, demonstrate SIGMA's continued commitment to the creative community through expanded product offerings. With the fp, fp L and these lenses, even more users can now leverage SIGMA's renowned optical formula to achieve their creative vision with ease. For more information about SIGMA America, please visit sigmaphoto.com and SIGMA Blog. Follow SIGMA America (Photo): Facebook | Twitter | Instagram Follow SIGMA Ameica (Cine): Facebook | Twitter | Instagram Contact Details SIGMA Corporation Jack Howard +1 631-201-7381 sigma.pr@sigmaphoto.com SDDPR Stacey Doss stacey@sddpr.com Company Website https://www.sigmaphoto.com/

March 26, 2024 08:00 AM Eastern Daylight Time

Image

Classiq Advances the HPC Quantum Computing Stack by Integrating Classiq’s Engine with NVIDIA CUDA-Q

Classiq Technologies

Classiq, a leader in quantum computing software, today announced it is integrating Classiq’s software with the NVIDIA CUDA-Q platform, which was announced by NVIDIA at its GTC conference last week. This integration facilitates a streamlined process for researchers working with CUDA-Q to generate, analyze and execute quantum circuits. It supports a wide range of quantum applications, including simulations and machine learning. The Classiq true compilation technology enables quantum circuit synthesis that automates the implementation of quantum programs. This capability enables the development process for quantum software and ensures that the generated programs are finely tuned for execution on a broad range of quantum hardware, as well as NVIDIA GPUs. Previously, NVIDIA, Rolls Royce and Classiq demonstrated a breakthrough in quantum computational fluid dynamics (CFD) by designing and simulating the largest quantum program to date. Classiq also launched a Quantum Computing for Life Sciences & Healthcare Center in collaboration with NVIDIA. “Classiq’s technology lies at the heart of quantum computing and provides a powerful conduit between high-performance computing (HPC) users and quantum computing implementation,” said Nir Minerbi, CEO of Classiq. “We’re well-known for our popular quantum development platform, and this integration demonstrates Classiq’s focus on ensuring today’s CUDA-Q and HPC users benefit from seamless access to automatic production of optimized quantum and hybrid quantum-classical algorithms.” Classiq is leveraging its technology to bridge HPC and quantum computation. From simulation to deploying hybrid quantum-classical algorithms to enhanced data processing, this convergence is accelerating as the two advanced computation sectors grow closer. Classiq provides the ideal combination of libraries, functions and automation to support this hybrid HPC-quantum computation space. HPC and quantum computing are increasingly connected through the deployment of hybrid algorithms, co-location of hardware and an emerging talent pool of expert hybrid developers. Classiq makes quantum computing tools more accessible to the global research community, addressing the need to tackle complex problems across various domains such as healthcare, materials science, engineering and finance. Meet Classiq next at the International Supercomputing 2024 conference running May 12-16th in Hamburg, Germany. About Classiq Classiq Technologies, the leading quantum software company, provides an all-encompassing platform (IDE, compiler and OS) with a single point of entry into quantum computing, taking users from algorithm design to execution. The high-level descriptive quantum software development environment, tailored to all levels of developer proficiency, automates quantum programming. This ensures that a broad range of talents, including those with backgrounds in AI, ML and linear algebra, can harness quantum computing without requiring deep, specialized knowledge of quantum physics. Classiq democratizes access to quantum computing and equips its users to take full advantage of the quantum computing revolution, including access to a broad range of quantum hardware. Classiq’s core technology, algorithmic quantum circuit compilation, is engineered to power the quantum ecosystem of today and the future. Classiq works closely with quantum cloud providers and advanced computation hardware developers providing software for use with quantum computers, HPC and quantum simulators. Backed by powerful investors such as HPE, HSBC, Samsung, Intesa Sanpaolo and NTT, Classiq’s world-class team of scientists and engineers has distilled decades of quantum expertise into its groundbreaking software development platform. Follow Classiq on LinkedIn, X (formerly Twitter) or YouTube, join the Slack community, or try the Classiq platform. Contact Details Rainier Communications Michelle Allard McMahon +1 781-718-3248 classiqPR@rainierco.com Company Website http://www.classiq.io/

March 26, 2024 08:00 AM Eastern Daylight Time

NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, has released its 2024 Whistleblowing & Incident Management Benchmark Report. The annual benchmark report offers valuable insights into workplace culture, analyzing trends from 1.86 million global reports spanning thousands of organizations that together employ more than 50 million employees. Amid a record number of tips to the SEC and a burgeoning DOJ whistleblowing program, NAVEX’s comprehensive analysis sheds a critical light on the state of workplace environments worldwide, guiding organizations toward program improvement. "NAVEX remains the gold standard in risk and compliance data analytics, continually innovating our benchmarks to enhance corporate compliance programs and offer business leaders insights into the trending risk areas for their organizations," says NAVEX Chief Risk and Compliance Officer Carrie Penman. "This year's report introduces crucial third-party reporting insights, highlighting an organization’s need to adopt internal and external reporting avenues to bolster integrity, foster accountability and equip the organization to tackle emerging challenges effectively.” This year’s analysis of the data revealed several key themes and notable findings, including: Report volume and case substantiation reach milestones. Internal reporting programs saw a record level of use as measured by NAVEX’s Reports per 100 Employees metric. In addition, the Substantiation Rate metric reached an all-time high, meaning more reports were received and more were found to be true. Report volume, and the substantiation rates of the reports received, are two of the most highly watched metrics in the annual NAVEX publication. To see both reach the highest levels ever is good news. For those with trusted and effective internal reporting programs, this added up to greater visibility into the trends of risk, ethics and culture playing out in their organizations’ operations – real-time intelligence to inform business decision-making. In 2023, organizations received a median 1.57 Reports per 100 Employees across their internal reporting systems, exceeding the previous record of 1.47 set in 2022. More organizations (23%) received five or more Reports per 100 Employees, making this population the largest in the NAVEX data set. And while year-over-year values fluctuated, every size of organization – from the smallest companies to enterprises with over 100,000 employees – has seen report volumes rise comparing 2021 and 2023. At 45%, the overall median share of substantiated or founded reports in 2023 reached an 11-year high. Third parties more likely to report business integrity and financial misconduct issues. In a first for this report, NAVEX analyzed its database by both employees and third-party reporters. Its analysis shows these two groups are distinct across several metrics, highlighting the insight organizations see by promoting their reporting programs internally and externally. Third parties as a group delivered a far greater median share of reports related to Business Integrity matters than employees in 2023 (50% versus 17%). Encompassing topics like conflicts of interest, vendor issues, fraud, global trade and human rights, this category of issues can manifest in various elements of a supply chain. Third-party reporters also showed twice the median share of Accounting, Auditing & Financial Reporting reports as employees in 2023 (10% versus 4.5%). Story emerging on accounting-related reporting – internally and externally. Accounting-related reports -- while lower in overall percentage of reports received internally by organizations at a median of 4.3.% in 2023 -- often receive an outsized share of attention due to potential for regulatory action and the well-publicized bounty program offered by the SEC and its Office of the Whistleblower. The SEC's program is witnessing unprecedented growth in tips and generously rewarding valuable information. Now, the U.S. Department of Justice is launching a similar initiative. Specifically, reports related to Accounting, Auditing, and Financial reporting: Showed the longest time between when an incident was observed and when it was reported to the organization By a large margin, were least likely to be reported anonymously Comprised an outsized share of cases for organizations that receive very few Reports per 100 Employees – meaning while these organizations received well below the benchmark number of reports, they had a much more significant percentage of accounting-related reports Experienced the longest time to investigate and close the case Had among the highest median Substantiation Rates, at 50% Were most likely to cause an employment separation event as a result of a substantiated case Accounted for twice as many of the reports submitted by third parties than those submitted by employees Small increase in report volume shows big payoff in healthy report mix. A diverse array of topics, inquiries, and allegations in internal reporting indicates a robust program. NAVEX’s findings reveal that even minor efforts to promote internal reporting significantly improve the mix of report types received. For instance, in organizations with the lowest report volume, only 8.7% of reports pertain to HR, Diversity, and Workplace Respect. However, in the next tier, this proportion jumps to 36.3%. This trend persists across different report volumes, emphasizing the importance of fostering a reporting culture. A varied mix of report types signifies trust in internal reporting to address a broad spectrum of issues. Even a slight increase from minimal reporting yields a more comprehensive and insightful flow of reports. "With NAVEX's integrated data platform, companies gain unparalleled risk signal data that empowers them to foster healthier workplace cultures, helping them achieve outcomes that matter most,” explains NAVEX Chief Product Officer A.G. Lambert. "Data isn't just numbers; it's the compass guiding organizations toward success and ensuring they stay ahead in the ever-evolving landscape of risk and compliance." Additional notable findings include: Workplace behaviors and discord were clearly visible in the data as more organizations return to office environments. As is always the case in these reports, workplace behaviors and other human resources related matters are by far the highest percentage of reports received by organizations. Workplace Civility matters continued to increase in prominence in 2023, representing a median of 18% of reports and the highest median reporting rate in 2023. This was followed by Discrimination, at a median 12%, Harassment, at a median 7.1%, then Retaliation at a median of 2.0%. The HR, Diversity and Workplace Respect category overall has seen a multi-year increase in its median share of all reports (from 50% in 2021 to 55% in 2023). These figures underscore the growing importance of fostering a respectful and inclusive work environment. Highlighting the seriousness with which organizations are taking reports received, more substantiated reports (18%) resulted in separation from employment in 2023, up significantly from 14% in 2022 and 12% in 2021. The share of reports resulting in no action – effectively the opposite end of the outcome spectrum – fell from 17% in 2022 to 14% in 2023. Nearly nine out of 10 reports of Imminent Threat to a Person, Animals or Property were substantiated in 2023 highlighting the importance that reporters possess the training, knowledge, tools and trust that promote rapid reporting of dangerous issues. This need is made even greater by a new California workplace violence prevention law expected to take effect this year that includes requirements for reporting, incident management and training around this issue. For more insights on the 2024 Whistleblowing & Incident Management Benchmark Report, join Jane Norberg, Arnold & Porter partner and former chief of the SEC Office of the Whistleblower, Keith Thomas, FedEx corporate integrity & compliance lead counsel, Carrie Penman, NAVEX chief risk & compliance officer, and Anders Olsen, NAVEX senior data scientist, for an informative webinar where they will discuss the results of this year’s analysis in detail. Watch the webinar here. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global scott.levesque@navex.com Company Website https://navex.com

March 26, 2024 06:00 AM Eastern Daylight Time

Spring Renewal

News Media Group, Inc.

Contact Details News Media Group Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

March 25, 2024 01:47 PM Eastern Daylight Time

Video

HTX Liquid Restaking Doubles Reward Pool with Quota Rising to $100M and Launches Reward Boosters

HTX

Since its highly anticipated launch, HTX's Liquid Restaking event has witnessed a surge in participation. In response to this overwhelming interest, HTX has decided to add $50 million to the quota, effectively doubling the event rewards. This enhancement is set to commence on March 25, 2024, at 09:00 (UTC). Concurrently, the exchange will introduce new features to the event to boost participants' rewards by up to 150%. According to HTX's announcement, with the additional quota, Liquid Restaking is offering a total staking quota of $100 million. This includes 500 BTC, 5,000 ETH, 50,000,000 USDT, 50,000,000 TRX, and 3,000,000,000,000 HTX. You can participate in this event by enabling your assets in Spot and Futures accounts on HTX to get snapshotted and receive initial airdrops daily from premium restaking projects. Highlights of the event update include: ● Futures accounts are also eligible for participation. You can share corresponding crypto rewards after the platform captures a snapshot of your assets in your Spot account and net equity in your Futures account. ● Boosters. You have the chance to receive up to a 150% boost on your rewards through the following means: 1) Join or create a team. 2) Daily trading fees, including net fees generated from spot, margin, and futures trading. The higher the daily trading fees, the greater your rewards get boosted. 3) $HTX holdings (in Spot and Earn accounts). These boosts apply to the cryptocurrencies enabled in Liquid Restaking to increase your sharing weight, thereby yielding higher rewards from the event. The three methods mentioned above will grant you different levels of boosts, with particular emphasis on teaming up. Participants can either join a team or create one by teaming up with friends. A team is eligible to receive a boost, which all team members can enjoy. A team's boost is determined by its level, which is calculated based on the total participating amount contributed by all team members. As the team's level rises, it becomes eligible for a higher boost. Each team can have a maximum of 2,000 members. The team leader, besides benefiting from the team's boost, can receive an extra 20% boost. How to create a team: Visit the Liquid Restaking event page > Click on Boost > Create Team > Set up the team profile > Share the invitation poster or link with friends; How to join a team: Scan the QR code on the invitation poster / click the invitation link > Visit the Liquid Restaking event page > Confirm / Enter the team invitation code > Join the team. Seize the chance to build your own team and share the on-chain rewards. As the first cryptocurrency exchange to support Restaking with no entry requirements, HTX will bring more opportunities for users to engage in the on-chain ecosystem. HTX, aiming for People's Exchange, remains dedicated to providing secure, convenient trading services while driving innovation to propel the cryptocurrency industry forward. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/

March 25, 2024 10:47 AM Eastern Daylight Time

Cybernetics Launches Comprehensive Suite of Services for Blockchain Enthusiasts

Rev Up Marketers

Cybernetics, a crypto recovery services provider, has announced an enhancement in its suite of services to address the needs of individuals and businesses navigating the blockchain space. The company's advanced capabilities are instrumental in identifying the destination of stolen or mistakenly sent funds, providing a crucial layer of security for users. The company has offered consultation services to individuals and businesses, imparting valuable insights and practices for safeguarding digital assets. Cybernetics has empowered clients to make informed decisions implement proactive measures against potential threats and help potential users how to get their stolen crypto back. Cybernetics services include collaboration with legal teams. This offering encompasses a range of comprehensive services, from filing lawsuits to communicating with law enforcement agencies. Cybernetics focuses on providing clients with the support they need to navigate the legal landscape surrounding digital transactions and helping those impacted by crypto trading platform crimes. Cybernetics has cutting-edge tools to trace transactions on the blockchain. Cybernetics comes to the rescue with specialized wallet recovery services, offering individuals the opportunity to regain access to their digital assets and resume their transactions with confidence. Jessica Walker, Chief Information Officer at Cybernetics, expressed enthusiasm about the expanded service offerings, stating, "In an ever-evolving digital landscape, Cybernetics remains dedicated to providing innovative solutions that address the dynamic needs of our clients. With our enhanced suite of services, we aim to empower individuals and businesses to navigate the digital realm with confidence and security and provide crypto recovery services to help get stolen bitcoin back." For more information about Cybernetics and their services, please visit their website. About Cybernetics: Cybernetics is a technology firm that provides a variety of services to aid cybercrime victims in reclaiming their stolen funds. The company's team of professionals has extensive expertise in identifying and recovering funds from online transactions by employing sophisticated technologies and tactics. Cybernetics is devoted to delivering a transparent service to its customers, and it collaborates closely with financial institutions and law enforcement agencies to help that those responsible are held accountable. Contact Details Cybernetics (TM) Jessica Walker admin@cybernetics-services.com Company Website https://cybernetics-services.com/

March 23, 2024 05:03 PM Eastern Daylight Time

Image

HTX Ventures: One Week After the Ethereum Dencun Upgrade

HTX Ventures

Singapore / March 22, 2024 – The Ethereum network underwent a significant evolution with the implementation of the Dencun upgrade on March 13th, 2024. It is a great party for Ethereum rollups as Layer 2 costs drop significantly and open up vast opportunities. In this report, HTX Ventures examines the immediate impacts observed in the week following the upgrade, focusing on cost reduction, network performance, and the broader implications for the Ethereum ecosystem. As stakeholders in Ethereum's growth, HTX Ventures is enthusiastic about the potential unlocked by these developments. The Dencun upgrade not only facilitates a more inclusive ecosystem but also paves the way for innovative and complex applications in gaming, SocialFi, DeFi, cross-chain interoperability, and more. HTX Ventures, the global investment arm of HTX, leverages an integrated approach that combines investment, incubation, and research to identify the most exceptional and promising teams around the world. To date, HTX Ventures has supported over 200 projects spanning multiple blockchain tracks, with some high-quality projects already listed on HTX for trading. In the chart, we can see the Ethereum market is hyped until the date of Dencun upgrade, March 13th, 2024. Source: Google Finance Cost Reduction and Network Efficiency EIP4844 Integration The Dencun upgrade introduced EIP4844, which implemented data blobs—a development aimed at addressing Ethereum’s high fees and slow processing times. Although the full impact on cost reduction is yet to be completely realized due to the technical integrations into roll ups, the initial effects on Layer 2 gas fees indicate substantial improvements: 1.Significant Fee Reductions Across L2 Solutions: The integration of data blobs led to notable decreases in transaction fees across various L2 platforms: Changes in Average Transaction Fees: A 50%-99% decrease in median (Dated March 14th, Source: DuneAnalytics Dashboard) A rbitrum: $0.39 -> $0.14 B ase: $0.37 -> $0.03 Optimism: $0.32 -> $0.01 zksync: $0.19 -> $0.1 Zora: $0.2 -> $0.001 These reductions represent a decrease ranging from 50% to over 99% the day after Dencun upgrade, showcasing the upgrade’s immediate effectiveness in making transactions more affordable. 2. Cost of Posting data: (Dated March 14th, Source: DuneAnalytics Dashboard) Layer 2s shift to blob-based data posting has also led to an 88% reduction in data cost when posting data to ethereum, dropping the cost of posting data from a high of $400 per transaction to approximately $40 in the following week. 3. No Mainnet Gas Fee Reduction: Currently, the price of Ethereum gas has not been significantly affected. However, as adoption of the Blob API continues, reductions in Ethereum gas fees might be observed. This decrease in fees can be attributed to several factors, including the redirection of rollup demand to blobs, which frees up capacity for the Ethereum execution layer, and the separation of Ethereum gas fees and blob fees. Source: https://ycharts.com/indicators/ethereum_average_gas_price Future Outlook and Danksharding Danksharding remains a pivotal element in Ethereum’s upgrade roadmap, promising further enhancements to network capacity and performance. Planned improvements include increasing the number of blobs per block and exploring advanced data availability (DA) solutions such as PeerDAS. Concurrently, research continues on MEV resistance, Verkle Trees, and network optimization efforts to make Ethereum a more efficient, user-friendly ecosystem. Next Steps and HTX Ventures' Perspective As stakeholders in Ethereum's growth, HTX Ventures is enthusiastic about the potential unlocked by these developments. The Dencun upgrade's focus on cost reduction, scalability, security, and usability not only facilitates a more inclusive ecosystem but also paves the way for innovative and complex applications in gaming, SocialFi, DeFi, cross-chain interoperability, and more. Emerging Trends and Competitive Landscape 1. The return of application-specific chains to Ethereum, now reimagined as application-specific rollups, together with the emergence of new L2 and L3 solutions, signifies a significant shift within the Ethereum ecosystem. 2.Increased competition among L2 solutions underscores the importance of community engagement, infrastructure development, and a holistic approach to growth encompassing business development, sales, and marketing strategies. Ethereum sidenote: Separately, the introduction of Eigenlayer expands the ethereum ecosystem outreach to a vast number of protocols, introducing greater flexibility and diversity to the ethereum ecosystem to ensure a more agile ecosystem. The pending approval of the ETH ETF, along with the SEC's decision on categorizing Ethereum, will have a significant impact on the asset's exposure in traditional markets. HTX Ventures is closely monitoring developments related to this event. Conclusion: HTX Ventures remains committed to supporting Ethereum’s journey, providing comprehensive assistance to projects that are at the forefront of decentralized data innovations. By fostering cutting-edge technologies, we aim to contribute to the long-term success and expansion of the Ethereum ecosystem. Reference Offchain lab twitter space: https://x.com/OffchainLabs/status/1768631403540091131?s=20 Tom Wan: https://x.com/tomwanhh/status/1768423766151905313?s=20 HTX ETH Dencun Upgrade Twitter space: https://twitter.com/i/spaces/1ZkKzjvanBZKv?s=20 https://ycharts.com/indicators/ethereum_average_gas_price https://www.google.com/finance/quote/ETH-USD?sa=X&ved=2ahUKEwiZqoz1wISFAxV7EGIAHUAbAB4Q-fUHegQIBxAf&window=YTD About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

March 23, 2024 05:17 AM Eastern Daylight Time

Image

Technology

Tennr puts fax machines back in vogue for healthcare organizations using AI, as it secures $18m from a16z

SEC Treasury Clearing Mandate: What Market Participants Need to Know

Announcing the 50mm F1.2 DG DN | Art lens, the Brightest 50mm Prime Lens in SIGMA's Lineup

Classiq Advances the HPC Quantum Computing Stack by Integrating Classiq’s Engine with NVIDIA CUDA-Q

NAVEX 2024 Global Incident Management Benchmark Study Reveals Significant Third-Party Reporting to Companies

Spring Renewal

HTX Liquid Restaking Doubles Reward Pool with Quota Rising to $100M and Launches Reward Boosters

Cybernetics Launches Comprehensive Suite of Services for Blockchain Enthusiasts

HTX Ventures: One Week After the Ethereum Dencun Upgrade