Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Syntekabio Appoints Joonhyuk Choi, Former Target Health CEO, as Head of US Operations

Syntekabio, Inc.

Syntekabio (KOSDAQ: 226330), a leading artificial intelligence (AI)-driven drug development company, is pleased to announce the appointment of Joonhyuk Choi, former CEO of Target Health, as Head of US Operations. Joonhyuk brings over 25 years of extensive experience in the pharmaceutical industry, underpinned by his academic background in electrical and computer engineering from Rutgers University in New Jersey. His prominent career is distinguished by a strong track record in developing clinical trial software, navigating the US FDA’s drug and medical device approval processes, managing clinical trials, and leading business development success. Prior to joining Syntekabio, Joonhyuk served as CEO of Target Health, a US-based contract research organization (CRO). There, he played a pivotal role in clinical operations and drove business development, spearheading sales and marketing teams while overseeing the development and maintenance of validated software solutions for clinical trials and data management for over two decades. Syntekabio anticipates that Joonhyuk, with his deep understanding of the drug development process from AI-driven drug discovery and clinical trials to drug approvals as well as business development, coupled with his extensive knowledge of the US market, will significantly enhance the company’s strategic partnership and revenue-generating initiatives. “I am honored to join Syntekabio at such a pivotal moment in the company’s journey,” said Joonhyuk Choi, newly appointed Head of US Operations. “I am committed to leveraging strategies tailored to the unique dynamics of the US pharma and biotech market to enhance the global reach and impact of Syntekabio’s AI drug discovery platform.” Jongsun Jung, PhD, CEO of Syntekabio, remarked, “With Joonhyuk’s appointment, Syntekabio is now strategically positioned to collaborate with potential partners across the entire drug development spectrum, from AI-driven candidate screening to clinical trials. His extensive expertise and experience in the US market will be crucial in driving our global expansion and enhancing our competitiveness, positioning us for achieving sustained business success.” About SyntekabioSyntekabio Co., Ltd. (KOSDAQ: 226330) is a drug discovery company bringing together biology and AI/ML since 2009 and facilitating the discovery of first-in-class and best-in-class compounds, rapidly. The Company has its own supercomputer cloud, along with a global contract research organization network to complement and validate its computational results. Syntekabio offers clients a one-stop shop, with technologies and tailored services to rapidly generate and optimize drug candidates from target to IND-enabling. Syntekabio’s disease-agnostic physics-based platform generates a continual stream of hits, leads, and drug candidates that are readily available for purchase. The Company also undertakes client-specific projects to identify highly promising development candidates for specific targets and indications. Visit the Syntekabio website at www.syntekabio.com or follow the Company on LinkedIn for the latest updates. Contact Details Media inquiries – US & Europe - Laurie Doyle MC Services AG +1 339-832-0752 syntekabio@mc-services.eu Company Website http://www.syntekabio.com/

September 10, 2024 08:00 AM Eastern Daylight Time

Flash Secures $85 Million to Back Special Purpose Vehicle to Propel Growth and Provide Flexible Payment Options

Flash

Flash, the industry-leading end-to-end parking technology platform, today announced that it has closed on $85 million in debt financing for a newly formed special purpose vehicle (“SPV”) to accelerate platform adoption and offer Flash clients an expanded range of flexible payment options. The debt capital, which can be increased up to $100 million, was provided by Vantage Infrastructure (“Vantage”), a leading independent specialist infrastructure credit fund. “Asset owners and operators have a myriad of budgetary and deployment preferences – the payment options we can now extend through the SPV will allow customers to join the Flash platform on terms that work best for them," said Chris Donus, President of Flash. “Innovation in payment options is as critical as platform innovation in pursuit of our vision for the parking industry’s transformation in light of the scale and momentum we're on pace to achieve." Flash’s payment options allow clients to select amongst flexible monthly payment plans that suit their budgets, regardless of scale, asset type, or configuration. This includes EV charging infrastructure and other advanced parking technologies offered by Flash. Flash anticipates extending the SPV structure and partnership with Vantage in future financings. ”We’re pleased to support Flash with a tailored financing solution that enables their team to continue to meet and exceed their clients’ need for better transport related infrastructure,” said Nick Cleary, Senior Partner at Vantage. “This is a great example of the opportunity to upgrade and transform proven traditional infrastructure that saves time and costs for drivers and help build out the EV charging network.” Evercore acted as Flash’s exclusive financial advisor, and Cadwalader, Wickersham & Taft LLP provided legal counsel to Flash. Steptoe LLP acted as counsel to Vantage. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. About Vantage Infrastructure Vantage Infrastructure is an independent infrastructure specialist manager committed to delivering sustainable investment solutions with an equity and debt infrastructure investment portfolio of over US $4 billion invested in infrastructure assets across Europe, North America, and Australia on behalf of global clients. Contact Details Razor Sharp PR Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

September 09, 2024 09:00 AM Central Daylight Time

Syntekabio to Highlight its Cutting-edge AI-driven Discovery Solutions at BioTechX

Syntekabio, Inc.

Syntekabio (KOSDAQ: 226330), an artificial intelligence (AI) based drug development company, today announced its participation at BioTechX USA, being held September 17-18, 2024 in Philadelphia, PA. Syntekabio is the Title Sponsor for the event and will give a keynote address and in-depth talk on its AI-driven solutions, as well as host a booth. “We look forward to meeting with potential clients at BioTechX and discussing how our AI-driven technologies can improve and accelerate their R&D activities,” said Jongsun Jung, PhD, CEO of Syntekabio. “We recently announced our ‘Develop Now, Pay Later’ offer that enables clients to test the validity of a target protein of interest without incurring any upfront costs. In addition to identifying potential hits and optimizing small molecule leads, we also have strong capabilities in antibody and cancer neoantigen discovery. We are excited to have the opportunity to highlight these technologies at the conference.” Meet us at BioTechX USA! Syntekabio has several activities planned at the conference. Schedule a meeting by clicking here or stop by our booth (#401) to meet the team and learn how our innovative AI-driven solutions can help solve your current pipeline challenges. Don’t miss out on the latest insights in AI presented in our talks! Tuesday, September 17 th 9:20 AM - Keynote presentation Addressing Data Scarcity in D rug Discovery with Physics-based AI Models Jonathan Witztum, PhD, CTO, Syntekabio USA 5:05 PM – AI in drug discovery presentation Flexible Molecular Docking for Neoantigen & Antibody Drug Prediction; Pre-Clinical Application Jongsun Jung, PhD, CEO, Syntekabio Recently announced Develop Now, Pay Later offer – drug discovery with no upfront fees Syntekabio’s Develop Now, Pay Later model enables pharmaceutical and biotechnology companies to test the validity of a target protein of interest without incurring any upfront costs. Should a project demonstrate viability, Syntekabio then employs its STB LaunchPad program, powered by its proprietary AI-driven DeepMatcher ® technology platform, to deliver hits and optimized leads as well as IND-enabled candidates. The client only pays for the work once the agreed upon validated results are obtained. For more information about Syntekabio, STB LaunchPad and Develop Now, Pay Later, please click here. Additional powerful tools enable novel antibody and cancer neoantigen prediction Additionally, the company will highlight its in silico biologics platforms, Neo-ARS TM and Ab-ARS TM, which enable personalized or universal neoantigen cancer vaccine and novel antibody drug prediction, respectively. These cutting-edge solutions address complex challenges in drug discovery, equipping researchers with powerful tools to develop novel and effective therapeutics. Syntekabio’s AI accesses over 10 billion known compounds as well as 1,400 in vitro/in vivo compatible drug targets covering over 70% of human diseases. This technology is powered by Syntekabio’s AI Bio-Supercom Center, which houses an immense infrastructure of 5,000 servers, 40,000 CPU cores, and 2,500 GPUs fueling the Company’s algorithms. The Company has a comprehensive suite of advanced proprietary tools designed to accelerate the drug discovery and development process. About Syntekabio Syntekabio Co., Ltd. (KOSDAQ: 226330) is a drug discovery company bringing together biology and AI/ML since 2009 and facilitating the discovery of first-in-class and best-in-class compounds, rapidly. The Company has its own supercomputer cloud, along with a global contract research organization network to complement and validate its computational results. Syntekabio offers clients a one-stop shop, with technologies and tailored services to rapidly generate and optimize drug candidates from target to IND-enabling. Syntekabio’s disease-agnostic physics-based platform generates a continual stream of hits, leads, and drug candidates that are readily available for purchase. The Company also undertakes client-specific projects to identify highly promising development candidates for specific targets and indications. Visit the Syntekabio website at www.syntekabio.com or follow the Company on LinkedIn for the latest updates. Contact Details Media inquiries US & Europe - MC Services AG Laurie Doyle / Dr. Cora Kaiser +1 339-832-0752 syntekabio@mc-services.eu Company Website http://www.syntekabio.com/

September 06, 2024 08:30 AM Eastern Daylight Time

PayMedix/TempoPay Names David Kinsey Vice President of Sales

PayMedix/TempoPay

PayMedix/TempoPay announced today the appointment of David Kinsey as Vice President of Sales. Kinsey joins during a period of accelerated growth for PayMedix/TempoPay, which delivers innovative healthcare payment solutions that provide interest-free financing to employees for healthcare services, no matter their credit histories. Kinsey brings an extensive background in the healthcare and employee benefits industry. In his new role, Kinsey will lead sales initiatives, focused on driving growth of the PayMedix/TempoPay solution and building strategic relationships across the healthcare industry with a specific focus on the Southeast region. “As more health systems, employers, and benefits administrators across the country continue to look for ways to lower costs and provide affordable access to healthcare for employees, we're seeing increased interest in our flexible financing and payments solutions," said Tom Policelli, CEO of PayMedix/TempoPay. "David's extensive knowledge of healthcare sales and the employee benefits industry will help us increase our reach and ability to serve providers and employers looking for alternative healthcare payment solutions. We are excited to welcome him to our team." Before his current role, Kinsey was an Executive Director at Aetna. He led the Healthcare Business Solutions team to achieve 60% growth over five years by directing enterprise sales, retention, and membership growth strategy. Kinsey was awarded Aetna's Chairman's Leadership Award for his leadership and collaboration. Kinsey’s prior roles at Aetna included working with employer groups and consultants on innovative employee benefits strategies and plan administration. Prior to Aetna, he was a Senior Client Manager at Cigna Healthcare, where he was awarded the Gold Circle for top sales results. He earned his BBA in Finance from Stetson University. "The PayMedix/TempoPay solution is a game-changer, offering a straightforward and effective approach to tackling the demanding issue of high out-of-pocket healthcare costs," said Kinsey. "I look forward to working with the team to expand our reach and bring employers a financial safety net for their employees that ultimately improves retention and reduces absenteeism.” “Having worked with David previously, I am confident in his ability to help employers, PEOs, health plans and network builders see the value in our solution,” said Brian Marsella, President, PayMedix/TempoPay. “By ensuring individuals have access to financial resources to get care when they need versus when they think they can afford it, we can break the cycle of care avoidance, which historically has led to sicker patients entering the system, worse outcomes and increased costs.” About PayMedix PayMedix, which began as the financing arm of Wisconsin-based HPS over a decade ago, is the only company solving the problem of high out-of-pocket costs for everyone -- providers, patients, employers, and TPAs. PayMedix is changing how people access, use, and pay for healthcare by guaranteeing payments to providers and financing for all patients. PayMedix has processed more than $5 billion in medical payments for hospital systems and physician practices and can be implemented in conjunction with any PPO or HMO network. About TempoPay TempoPay partners with employers to help their employees manage their medical costs with interest-free financing and flexible repayment options. With the TempoPay VisaÂ® card employees can take control of how they pay for healthcare without added stress, providing simple access to the financial security needed for happier, healthier lives. Contact Details Brodeur Partners Sam LeCompte +1 603-660-9407 slecompte@brodeur.com Company Website https://paymedix.com

September 05, 2024 10:00 AM Eastern Daylight Time

The Technology Powering Aeva's (NYSE: AEVA) Vision For A Safer Autonomous Future And Why It Could Be Game-Changing

Benzinga

By Meg Flippin, Benzinga When it comes to autonomous driving, safety and accuracy are top of mind. For self-driving cars, trucks and trains to become ubiquitous on America’s roads, streets and railways, they must be extremely safe and reliable. The same goes for the robots that will someday deliver everything from food to medicine without human intervention. They have to be able to see everything around them and react in real time to avoid crashes. Technology advances and companies like Aeva Technologies (NYSE: AEVA) are making that a reality. Mountain View, California-based Aeva makes LiDAR sensors for use in vehicles, trucks and trains. The sensors act as eyes, providing 3D views of the surroundings. FMCW, The Technology Enabler For Highway Autonomy What takes Aeva’s sensors to the next level on the safety and reliability fronts is its Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology, which uses a low-power continuous laser beam to measure range and a fourth dimension of velocity at the same time. Aeva says FMCW unlocks new levels of safety and automation by instantaneously discriminating between moving and non-moving points and knowing the precise velocity of objects in motion. Instant velocity data gives real-time insight into how an object’s position is changing, giving the vehicle’s computer a more accurate picture to help plan its next move. But that’s not all. Aeva’s sensors also have advanced perception capabilities that deliver new features, which the company says are not possible with typical legacy LiDAR sensors, including Ultra resolution and vehicle localization. Ultra resolution provides a camera-like image of the world providing what Aeva Technologies says is up to 20 times the resolution of legacy time-of-flight LiDAR sensors. Image segmentation enables the detection of roadway markings, drivable regions, vegetation, road barriers and road hazards like tire fragments at up to twice the distance of conventional time-of-flight LiDAR sensors. Instant velocity data allows for confident detection and tracking of dynamic objects such as oncoming vehicles and other moving objects at distances up to 500 meters, reports Aeva. Meanwhile the technology’s Vehicle Localization features enable real-time vehicle motion estimation with six degrees of freedom, providing accurate vehicle positioning and navigation, which could be a substitute for other sensors, like IMU or GPS. That provides for safe autonomous navigation in common GPS-denied environments like tunnels and parking structures. Aeva says its FMCW technology provides autonomous vehicles with freedom from interference from sunlight and other LiDAR sensors, elimination of retroreflector blooming and ghosting from highly reflective objects like street signs and roadway markings, as well as a greater ability to see in weather conditions like dust, fog, rain and snow. Importantly, these benefits can allow automated vehicles to safely operate at highway speeds, a feat that has been sought after by major car manufacturers. Overcoming The Limitations With all that safety and technology packed into Aeva’s LiDAR sensors, Aeva is overcoming one of the biggest challenges of self-driving vehicles today: blindspots. Self-driving vehicle algorithms and conventional sensors can have difficulty when the weather is bad, lane markings are not clear or unexpected obstacles are in their way. That can lead to accidents and fatalities. Reacting in real-time is the goal and Aeva delivers that with its LiDAR sensors. The company’s FMCW LiDAR sensors can also enable self-driving cars and trucks to achieve highway speeds safely. It's something that has eluded the industry so far, with many self-driving vehicles achieving top speeds of 35 to 45 MPH. For the trucking industry to move to autonomous vehicles, it has to be able to sustain highway speeds safely. Achieving that can someday address the labor shortages the heavy truck industry faces. Finding drivers who want to spend most of their time on the road and away from family for three to four-week clips is harder to come by. Autonomous trucks that can run all day and all night can help fill that gap. It’s why Daimler Truck AG is using Aeva’s sensors in its Class 8 Freightliner Cascadia autonomous truck platform. Daimler Truck intends to integrate the LiDAR sensors directly into its production process, making it easy for customers to buy autonomous-ready trucks directly from its manufacturing plants. Daimler Truck said it chose Aeva’s LiDAR sensors because of its ability to provide enhanced safety and control. “Daimler Truck is committed to leading the industry’s advancement toward autonomous trucks. Selecting the right LiDAR technology is a crucial strategic decision to safely deploy autonomous trucks on the road,” said Joanna Buttler, Head of Global Autonomous Technology Group at Daimler Truck. “We are convinced that Aeva with its cutting-edge and reliable technology is the right production partner for LiDAR sensors and has the manufacturing capabilities to scale along with us.” The world is moving toward autonomous vehicles but for them to become ubiquitous safety can’t be a question. That’s where companies like Aeva Technologies come in. Its advanced next-generation LiDAR sensors can react in real-time, potentially taking autonomous driving to the next level. Learn more about Aeva Technologies Inc. by checking out its investors deck here. Featured photo by Chris Bair on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 05, 2024 08:55 AM Eastern Daylight Time

Image

$10K Up For Grabs For The Top 100 Traders In BullRush’s Upcoming Trading Event

Benzinga

By James Blacker, Benzinga Think you’ve got what it takes to take home the prize? Sign up for BullRush’s Crypto, Forex and CFD trading competition here. Gamified trading platform BullRush is offering a unique opportunity for anyone interested in learning how to trade while making money. Starting from its September 9 launch, the company is running a fantasy trading game with a total prize pool of $10,000 to be awarded to the top 100 traders in the competition. The trading competition will feature any of the following assets: Crypto, Forex and CFDs. Whether you are an experienced or beginner trader, BullRush’s launch event could be your chance to level up your skills and potentially walk away with a cash prize. Master The Art Of Trading With BullRush BullRush's trading platform offers skill-based games, which, much like chess, require participants to master various tools and strategies to outwit their opponents and win. The upcoming tournament allows traders to practice new skills, strategies and ideas in a demo account without using real money. This focus on strategy and skill makes BullRush a suitable learning ground for traders of all experience levels. Fantasy trading in a demo account has many benefits, such as the ability to test and refine your trading strategies, experiment with different styles as well as try out different asset classes. Furthermore, with simulated trading, you can forward-test your strategy in real-time live markets. Trading psychology is a major factor that can be the difference between success and failure in the markets. With no money at stake, fantasy trading lets you practice without the emotional stress and burnouts associated with trading, helping you to develop discipline before you transition your strategies to real-money trading. BullRush Is More Than Just Trading BullRush is not just a trading platform – it's an interactive community where traders can learn, compete and grow together. In addition to the games and tournaments, BullRush also offers trading courses, tutorials and trading analysis. The platform aims to foster a strong community spirit, with traders able to connect, share strategies and learn from one another. Joining The BullRush Community To commemorate its launch on September 9, Bullrush is hosting a launch event, where the best 100 traders in the competition will share a prize pool of $10,000. This fantasy trading game is not just about winning money; it's also about learning to trade effectively while having fun in a dynamic, interactive environment. As the official launch of BullRush approaches, now is the perfect time to get involved. Whether you're looking to test your skills, learn new strategies or simply enjoy the thrill of the game, BullRush offers a unique trading experience. With a $10K prize pool up for grabs, there's never been a better time to join the BullRush community and see what you're capable of. Think you’ve got what it takes to take home the prize? Sign up for BullRush’s Crypto, Forex and CFD trading competition here. Featured photo courtesy of BullRush. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 05, 2024 08:45 AM Eastern Daylight Time

Image

Crossroads Summit Taps Renowned Historian And Demographer Neil Howe As Panelist For November Event

Benzinga

By Anthony Termini, Benzinga The Crossroads Summit, scheduled to take place Nov. 21-22 in Miami, Florida, is billed as a conference for savvy investors and business leaders. Summit attendees will hear from visionaries in a number of disciplines, from academia to investment research. A central theme will be the role of rapid change in propelling innovations that create opportunity. Neil Howe: Navigating The Era Of Crisis And Renewal One of the visionaries recruited to speak at the Crossroads Summit is Neil Howe, an authority on generational trends. He is an economist and demographer, as well as a historian and sociologist. Howe is a senior associate at the Center for Strategic and International Studies and the Global Aging Institute, both in Washington, D.C. He is the Managing Director of Demography at Hedgeye Risk Management and his human resources and strategic planning consulting firm, LifeCourse Associates, has served hundreds of corporate, government and nonprofit clients. The author of several books on “generational theory”, which argues that history repeats itself in 80 to 100-year cycles, Howe will share his insights on how these turning points impact America's ability to invest in its future. In his latest book, “The Fourth Turning Is Here,” Howe shows that America is currently in the last stage of one of these long cycles. He describes past turnings as “traumatic and transformative” and notes that they “dramatically reshape attitudes, behaviors, and the future of society.” Howe will lead a fireside chat at the Crossroads Summit, sponsored by TradeStation Group, that will delve into what the current stage of these cyclical patterns implies for America’s present and future. Howe Among Many Experts To Speak At The Crossroads Summit More than a dozen speakers, all experts in their respective fields, will address attendees at the Crossroads Summit. Each will focus on how turmoil like what Howe identifies will inspire the innovative solutions that could drive future investment opportunities. The conference is intended to help investors learn how to adjust their investing strategies to focus on future themes such as the end of near-zero interest rates, immigration policy, changes in the domestic workforce and new investable products. Fireside chats and panel discussions are intended to offer attendees investable insights by uncovering the hidden trends and critical developments that are driving world markets and economies. TradeStation Group is the title sponsor of the Crossroads Summit. Ticket packages are available at the Crossroads Summit website. TradeStation Group’s Sponsorship In The Crossroads Summit The Crossroads Summit was created to help business leaders and investors cut through the current clutter of information. Today's leaders are often inundated with so much data that making future projections is more difficult than just a few years ago. Today’s world is facing unprecedented challenges and disruption with advancements in artificial intelligence, political and economic uncertainty, an increase in armed conflict and rapid changes in technologies like cryptocurrency and fintech innovations. The Crossroads Summit is intended to be a catalyst for uncovering investment opportunities. As such, it was a natural fit that a global financial services company like TradeStation Group should present the conference. TradeStation Group aims to offer investors comprehensive market access and high-quality trade execution. The platform provides trading capabilities in stocks, options, mutual funds, and ETFs. TradeStation Group’s sponsorship of the Summit appropriately dovetails its capabilities with the needs of attendees. See how the fourth turning might shape future investments by attending the 2024 Crossroads Summit. Featured photo by Holgi on Pixabay. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 05, 2024 08:30 AM Eastern Daylight Time

Image

News Release

Proven Leadership Team With A History Of Unlocking Shareholder Value Could Drive Railtown AI Higher

Railtown AI

Back in July, CrowdStrike released a configuration update for their Falcon sensor, which inadvertently caused a system crash on Windows systems across the world. This issue was triggered by a logic error in the update that affected systems running Falcon Sensor for Windows, which resulted in downloading the faulty configuration during a specific timeframe. The fallout was immediate and widespread, impacting banks, airlines, and various other critical sectors globally. Systems crashed, operations halted, and organizations were left scrambling to restore functionality. This disruption also opened the door for cybercriminals to exploit the situation, as they began distributing phishing emails and malicious files masquerading as solutions to the issue. In what’s been described as the largest IT outage in history that cost Fortune 500 companies alone more than $5 billion in direct losses, according to one insurer’s analysis of the incident, one under-the-radar company seems well positioned to prevent the possibility of such events in the future, thus attracting significant investor interest. Railtown AI Technologies (CSE:RAIL) (OTCQB:RLAIF) is a promising player in the AI sector, offering innovative solutions that streamline software development. As a Microsoft Partner, Railtown AI has developed a cloud-based Application General Intelligence (AGI) platform designed to support software developers and Agile teams. The company’s main objective is to leverage artificial intelligence to catch errors before they reach production, and here’s how it could have mitigated the issues faced by CrowdStrike: Automated Code Analysis: Railtown AI employs advanced machine learning algorithms to perform continuous and automated analysis of code. This enables the company to detect anomalies and potential errors that might be missed during manual reviews through alerts. Predictive Insights: The AI-driven platform not only identifies existing errors but also predicts areas of code that are more likely to contain future issues. This predictive capability helps developers focus their attention where it’s needed most. Integration with Development Tools: Railtown AI seamlessly integrates with popular development environments and CI/CD pipelines, ensuring that error detection is an integral part of the development process, not an afterthought. Enhanced Security: By identifying and addressing vulnerabilities early, Railtown AI enhances the security posture of software, reducing the risk of exploitation and ensuring user trust and safety. In addition to that, Railtown also helps assist developers to save time on repetitive tasks, improve productivity, reduce costs, and accelerate developer velocity. This platform is readily accessible via Microsoft's Azure Marketplace, making it easily available to a broad range of businesses. Although there’s been a lot of hype surrounding how AI companies could disrupt the future of coding and programming, investors need to be aware that not all AI companies will turn out to be the next unicorn. Picking out a winner in the sector is particularly challenging due to the rapid pace of advancement as well as the increasing complexity of the capabilities of these systems, making it hard for non-tech people to comprehend. However, one strategy that has worked for savvy investors across different sectors of the market has been looking at the founders or leadership track record in creating shareholder value. A closer look at Railtown reveals that it has a proven leadership team with a history of driving growth for shareholders, which should bode well for the company’s stock. For starters, Railtown co-founder and CTO Marwan Haddad has over 25 years of software development experience in addition to 10 years of experience leading and building high-performance engineering and product development teams. He was the Chief Technology Officer and Vice President of Engineering for RESAAS, a global award-winning proptech cloud platform. He has also led the development efforts/teams and launched several platforms for Fortune 500 companies, including Microsoft and Starbucks. CEO Cory Brandolini has over 30 years of experience as a founder, partner, angel investor, financier, and advisor to disruptive, high-growth software companies within the technology industry. His wealth of capital markets experience includes helping raise well over $150 million for private and public technology companies. Cory Brandolini has over 30 years of experience as a founder, partner, angel investor, financier, and advisor to disruptive, high-growth software companies within the technology industry. His wealth of Capital Markets experience includes helping raise well over $150 million for private and public technology companies. Co-founder Dr. Elliot Holtham has a wide range of experience in natural sciences, engineering, and technology. While he has a passion for developing innovative technology, his strong work ethic and competitive drive have also enabled him to advise and lead groups to success. Previously, he was co-founder, CEO, and COO of Xtract AI, a machine learning company that was later acquired by Patriot One Technologies (TSX:XTRA) for about $6 million. Last but not least is Kevin O'Neil, who has over 35 years of experience in technology investing, advisory, and leadership. He was formerly the CEO of Xtract AI and also an investment banker at Merrill Lynch. More importantly, Railtown AI's proprietary platform is entirely owned and developed in-house, ensuring that the company has complete control over its technology. The platform offers dual deployment options, catering to organizations with different needs by offering both cloud-based and on-premise solutions. This flexibility, combined with the platform's ability to process data quickly and learn over time, allows businesses to make real-time decisions and continuously improve their software development processes. Additionally, Railtown AI's focus on compliance with industry standards such as SOC 2, GDPR, and ISO 27001 is a significant advantage, as these compliance achievements build customer trust by ensuring that the platform handles data responsibly and securely. Railtown AI has achieved several milestones, reaffirming that its business model has been validated by the market. These include the company’s recently announced debt-free status and strengthening of its capital base through private placements. Clearly, those achievements, combined with strategic partnerships with leading institutions like the Mila Quebec AI Institute and Amii Alberta Machine Learning Institute, set the stage for future growth. Going forward, we believe that Railtown AI is poised to capitalize on its strong leadership team to unlock shareholder value as the company positions itself to rapidly scale user acquisition and commercialize new features on the platform. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

September 05, 2024 06:00 AM Eastern Daylight Time

News Release

How Iveda Solutions (NASDAQ: IVDA) is Redefining Industry Norms with Advanced AI Applications

IVDA

The artificial intelligence (AI) sector is experiencing unprecedented growth, driven by advancements that are transforming various industries. The global AI market is projected to reach $826 billion by 2030, propelled by a compound annual growth rate of 28.46% from 2024 to 2030. This rapid expansion reflects a broader technological shift, with companies increasingly integrating AI to enhance performance and uncover new opportunities. Amid this dynamic landscape, Iveda Solutions, Inc. (NASDAQ: IVDA) is making notable strides. Iveda Solutions is carving a prominent niche in the realm of cloud-based AI and video surveillance technologies. The company's innovative approach integrates smart devices with AI to offer transformative solutions across public safety, environmental preservation, elderly care, and energy efficiency. Let’s take a closer look at the company. Recent Developments and Innovations One of Iveda Solutions, Inc.'s latest advancements is the vumastAR AI software, a cutting-edge tool designed to detect oil spills. This new initiative targets major oil companies in Australia and the US, addressing a critical need in the oil and gas industry. VumastAR, pronounced "view master," is an AI vision software that interfaces with a variety of smart devices, such as IP cameras and AR glasses, to provide real-time insights and automated alerts. This system is poised to revolutionize the $175.79 billion oil spill management market by reducing the labor-intensive and costly process of manual spill detection. David Ly, CEO and Founder of IVDA, highlighted the significance of this technology: “We’ve seen a significant increase in interest from the oil and gas industry for AI solutions that can enhance safety and environmental protections. Our focus remains on delivering cutting-edge technology that aligns with ESG principles, ensuring that our solutions not only meet industry needs but also contribute to broader sustainability goals.” In addition to vumastAR, the company has filed a patent for its LevelNOW IoT sensor, a sophisticated liquid storage management solution. LevelNOW provides real-time monitoring of liquid storage, addressing issues like leaks, evaporation, and theft. This innovative sensor has already proven its worth in optimizing operations for major oil companies in Australia. “This innovation comes from being in the field with our customers and truly listening to their needs and desires,” said Ly. “By enhancing our LevelNOW solution through this new patent, Iveda is underscoring its commitment to industry-specific innovation that simplifies everyday workflows.” Iveda’s dedication to industry-specific solutions is further exemplified by its integration of IvedaCare and IvedaAI at Waymark Gardens, a senior living facility in Glendale, AZ. This integration marks a significant step in enhancing remote patient monitoring. IvedaCare utilizes camera-less sensors for private monitoring, while IvedaAI provides real-time video analysis in public areas. This combination supports IVDA’s subcontract under a substantial $1.032 billion Veterans Affairs contract, demonstrating the company’s capability to deliver tailored AI solutions in healthcare. Ly commented on this development: “Facilities using IvedaCare for remote patient monitoring are now discovering the enhanced capabilities of IvedaAI. Waymark Gardens’ adoption of IvedaAI is a showcase and testament to the growing value of these solutions.” Financial Performance and Market Outlook Iveda Solutions, Inc.'s financial performance in the second quarter of 2024 shows a decline in revenue by 36% year-over-year, amounting to $1.53 million. However, the company managed to beat earnings per share (EPS) expectations, with a loss of $0.03 per share, which was an improvement from $0.048 per share in the same quarter last year. Looking ahead, Iveda Solutions (NASDAQ: IVDA) forecasts a robust average annual revenue growth of 122% over the next two years, significantly surpassing the 12% growth anticipated for the broader software industry. Strategic Position and Future Prospects IVDA’s strategic initiatives, including its advancements in AI applications for diverse industries, position it as a company with considerable growth potential. Its recent launch of the IvedaAI Forensics Desk, which provides law enforcement in the Philippines with advanced video intelligence tools, further highlights the company's expansive reach and innovative spirit. As Timmy Evangelista, Chief Technology Officer of Iveda Solutions, Inc. (NASDAQ: IVDA) Philippines, noted, “The IvedaAI Forensics Desk is uniquely valuable for law enforcement and security officials operating in high-traffic, tourist locations.” In summary, Iveda Solutions, Inc. (NASDAQ: IVDA) continues to make significant strides in cloud-based AI and video surveillance, with promising innovations and strategic expansions across various sectors. As the company pushes the boundaries of technology and addresses critical industry needs, it could be a key player in the evolving landscape of digital transformation. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com

September 05, 2024 06:00 AM Eastern Daylight Time

1 ... 14 15 16 17 18 ... 594