All Industries

U.S. Chamber of Commerce Unveils Expanded Small Business Awards Program

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/TdgmziOXvl8 In a moment of persistent inflation and market uncertainty, small businesses are vital growth drivers—yet few are recognized for their contributions to our economy in a meaningful way. To elevate the nation’s most innovative and resilient small businesses, the U.S. Chamber of Commerce is recognizing businesses who are driving innovation, growth, and ingenuity in their communities. Small businesses are invited to apply for the CO—100, an exclusive list of the 100 best small and mid-sized businesses in America who have impressive growth strategies, innovative products and services, and an unwavering dedication to serving local communities. As entrepreneurs navigate the current economic landscape, programs like the CO—100 provide essential recognition and resources to help them thrive. The CO—100 is an awards program run by the U.S. Chamber of Commerce that recognizes and celebrates America’s Top Small Businesses. This exclusive list honors businesses that excel and stand out in 10 categories: Growth Accelerators, Community Champions, Micro-Business Leaders, Champions of Adaptability, Customer Champions, Global Stars, Digital Innovators, Enduring Businesses, The Disruptors, and Culture Champions. On June 25th, a media tour was conducted with Jeanette Mulvey, Vice President and Editor-in-Chief of CO— by the U.S. Chamber of Commerce. Topics that were discussed by Jeanette Mulvey, Vice President and Editor-in-Chief of CO— by the U.S. Chamber of Commerce included: · CO—100: This awards program and the U.S. Chamber’s support for small businesses as key growth drivers in America. · Innovation, Growth & Impact: Qualities that make for a successful small business—and how to highlight these traits on the CO—100 application and get noticed by an esteemed panel of judges. · Recognition, Exposure & Opportunity: The benefits of applying to be recognized on the CO—100 list and opportunities available to the honorees. For more information, visit CO100.COM Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:18 PM Eastern Daylight Time

Video

Snapchat Releases New Teen Safety Measures

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/7Hv0EHNRJ_g The digital world can be a challenge to navigate, and helping keep teens safe online is not just a priority—it’s a necessity. Snapchat is working to make its app even safer—now expanding a range of features to help keep Snapchat a place where people can be comfortable expressing themselves with the friends they know in real life. These extra protections for young people are more than a tech upgrade—they’re part of Snapchat’s ongoing commitment to building tools to help users connect with friends in a safe, secure way. Rachel Hochhauser, Snap’s Head of Safety Operations Outreach, conducted a nationwide media tour on June 25th to discuss these new features. Topics and features she discussed included: · Expanded In-app Warnings Teens will now see a warning message if they receive a chat from someone who’s been blocked or reported by others or is from a region where the teen’s network isn't typically located – signs that the person may be a stranger. · Simplified Location-Sharing Expansion of reminders to make sure Snapchatters are always up to date on which friends they’re sharing their location with on the Snap Map. · Enhanced Friending Protections These protections prevent certain suspicious friend requests from getting to teens in the first place, further reducing teens’ ability to connect with people they may not know in real life. · Blocking Improvements Improvements aim to prevent bullying and repeated harassment by limiting outreach from any new accounts created by someone who’s been blocked. For more information, visit https://parents.snapchat.com/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:02 PM Eastern Daylight Time

Video

WagerWire Launches Buying and Selling of Fantasy Entries in App

WagerWire

WagerWire, a sports gaming marketplace technology company serving sportsbooks and fantasy operators, today announced that buying and selling is now live in their app, available in the iOS and Google Play stores. This marks the first time that fantasy players can legally buy and sell daily fantasy Pick’em entries with the tap of a button. WagerWire users are now able to buy and sell RealTime Fantasy Sports entries on the app, with more fantasy operators to be added for trading soon. WagerWire announced their integration with RealTime Fantasy in January 2024, allowing users to sell their Pick’em lineups while in progress, including during the actual game, directly on the RTFS platform. During the NFL playoffs, the marketplace saw 12% of all DFS Pick’em lineups sell on the secondary market. “This is a paradigm shifting moment for fantasy,” said WagerWire Co-Founder and CEO Zach Doctor. “This launch represents a way to bring more ownership and control over their entries. For the first time, there is a way to cash in on your lineups even if they go on to lose - by selling it to a friend or on the open market. The excitement is palpable.” The newly launched fantasy marketplace is the latest addition to the growing technology portfolio of WagerWire’s parent company Wire Industries, Inc. Their app already hosts an array of marketplace tools for both sports betting and fantasy including stat tracking, account syncing, bet value graph builders and calculator, and social features that allow users to follow how their friends, influencers, or sharps are playing. “I’ve been playing fantasy for years, but being able to sell my DFS lineups is game-changing," said Braiden Payne, RealTime Fantasy Sports veteran user. "I’m also loving being able to buy and sell in-game and see the progress of my picks with live price suggestions. The RT marketplace in the WagerWire app takes an already great and easy-to-use experience to the next level.” WagerWire was recently shortlisted for two awards at SBC North America – Rising Star of the Year and Affiliate of the Year, in addition to EGR's Rising Star of the Year and Hashtag Sport’s Best X Presence award. WagerWire burst onto the scene in 2021 with the announcement of a high-profile seed round led by Miami Marlins co-owner Roger Ehrenberg, Eberg Capital and NBA All-Star Richard Jefferson. They are a licensed affiliate and media partner to top US sportsbooks including BetMGM, BetRivers, Caesars, FanDuel, Hard Rock Bet, SuperBook and more. WagerWire content has been viewed over 250M times in the past year and has been featured in the New York Post, USA Today, Bleacher Report, ESPN, Bloomberg and CNBC, among others. WagerWire empowers fantasy players and bettors to take control of their action and treat their fantasy lineups, contest entries, and sports bets as assets that can be bought and sold at any time. WagerWire’s proprietary GLI-33 certified marketplace technology can be directly embedded into sportsbook apps, and also powers the WagerWire app that serves as an aggregated marketplace of bets across partner sportsbooks. The WagerWire Media Network that generates engaging daily sports and betting content “By Fans, For Fans.” You can download WagerWire in the Apple App Store and Google Play, and find them @WagerWire on Twitter and LinkedIn, or @WagerWireLive on TikTok and Instagram. WagerWire is dedicated to providing users with a responsible gaming environment. If you think you or someone you know may have a gambling problem, resources are available. Call 1-800-GAMBLER. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://www.wagerwire.com/

July 01, 2024 10:01 AM Eastern Daylight Time

Stack Identity Announces Expansion of Its Identity-First Platform to Address Non-Human Identity Governance

Stack Identity

Stack Identity, a leader in identity security, announces a significant expansion of its platform to include non-human identities. This enhancement addresses the growing needs of modern enterprises in managing and securing digital identities, thereby bolstering identity security posture, threat detection, and compliance. "Bad actors are relentlessly targeting your identities, authentication processes, and IAM systems. Our platform correlates attacker enumerations and actions across IDP, cloud, SaaS, and databases to expose suspicious and malicious behavior, tackling the root causes of these exposures," said Venkat Raghavan, founder and CEO of Stack Identity. "The rise of the AI era has led to unprecedented data sharing through service principals, tokens, secrets and API keys creating significant challenges in governing non-human identities. The Stack Identity platform excels in seamlessly integrating human and non-human identities, recognizing that behind every non-human identity is a human who bears ultimate responsibility and accountability," said Al Ghous, CISO and Advisor. Key Features and Benefits Comprehensive Identity Governance: Stack Identity's platform offers the industry's first converged solution for identity security governance, integrating governance controls, workflows, access reviews, and certifications. This comprehensive approach reduces identity and entitlement sprawl, strengthens overall identity posture, and minimizes identity-related threats. Enhanced Functionality: Continuous Access Reviews and Certifications: Includes reviews for identity posture, IDP access, cloud, and SaaS admin access. Governance Controls: Introduces new controls to manage privileged accounts, reducing the risk of unauthorized access. Threat Detection and Access Graph: Features improved tools for monitoring SaaS entitlements, detecting identity threats, and visualizing access patterns. Dynamic Credential Management: Replaces static secrets with dynamic credentials to enhance security and reduce exposure risk. Lateral Movement Prevention: Implements controls to prevent unauthorized lateral movement within networks. Just-in-Time Access Controls: Converts static secrets and rarely used access to dynamic RBAC for improved security. Specialized Campaigns: Supports critical access scenarios like GitHub collaborator access, PCI DSS 4.0 compliance, and third-party data sharing. "With the surge in unprecedented data sharing, enterprises now face the challenge of managing massive entitlement sprawl as SaaS applications and customer data proliferate. Effective lifecycle management for non-human identities across cloud accounts has become essential. It’s impressive to see that Stack Identity’s platform now enables consistent management of both human and non-human identities," said Steve De Jong, Distinguished Engineer at Vercara. Company Growth and Deployment Success Remarkable Customer Growth: Stack Identity has achieved a 500% increase in its customer base, reflecting strong market demand for its solutions. Wide Deployment: The platform is now deployed across major enterprises in sectors including financial services, FinTech, cloud technology, and insurance technology. About Stack Identity Stack Identity is a pioneer in identity governance, offering innovative solutions to secure and manage digital identities across cloud and on-premises environments. The company's Identity-First Governance platform helps organizations reduce risk, ensure compliance, and strengthen their security posture. Contact Details Stack Identity Twinkle Khanna +1 832-878-6915 twinkle.khanna@stackidentity.com Company Website https://stackidentity.com/

July 01, 2024 10:00 AM Eastern Daylight Time

Novidea Acquires Automated Document Generation Leader Docomotion

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, today announced the strategic acquisition of Docomotion, an automated document generation technology provider. The acquisition of Docomotion is the latest in a series of strategic moves by Novidea in its journey to become an insurtech industry leader. The transaction is set to close within the week. The acquisition will accelerate product innovation and create unparalleled value to customers, adding new capabilities to Novidea’s award-winning insurance management platform, including automated forms processing, design, management, and e-signatures. Docomotion’s customers will benefit from a broader product suite, increased focus on product development, enhanced customer experience, and global access to professional expertise. “Docomotion is a leading innovator in automated document management, an essential technology for document-heavy industries. Its unique, cloud-based document generation technology presents major technological synergies between our two companies,” said Roi Agababa, CEO of Novidea. “We are proud to welcome Docomotion’s talented team to the Novidea family and look forward to working together, leading successful digital transformation initiatives for our customers.” Digital transformation remains a significant challenge in the insurance space. Novidea’s platform enables customers to improve operational efficiencies, increase business resilience, stay competitive, and provide a better customer experience. Docomotion’s automated document management solution removes the administrative and manual burden of processing complex forms and documents. “Novidea has experienced unprecedented growth over the last few years, driven by the global trend to modernize customer experience in insurance. We share a similar vision for the evolution of the document generation industry,” said Oren Leshem, CEO and Founder of Docomotion. “By combining our powers, Docomotion and Novidea can further expand our capabilities and drive even greater value for our customers. Docomotion will continue to serve all its customers in the various verticals. Customers will benefit from access to broader resources and availability of assets as we join forces with Novidea.” Novidea was represented by Yael Shimon-Many, partner at Pearl Cohen law firm. Docomotion was represented by Oded Levy, partner at Arnon, Tadmor- Levy. The terms of the deal were not disclosed. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. For more information, please go to: www.novidea.com About Docomotion Docomotion is an advanced document generation application on Salesforce, offering intuitive and easy-to-use tools for designing and generating complex documents tailored to meet the needs of businesses operating in a document-intensive environment. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

July 01, 2024 09:15 AM Eastern Daylight Time

AmeriLife Expands Wealth Distribution Portfolio with Acquisition of WerksGroup

AmeriLife

AmeriLife Group, LLC (“AmeriLife”), a national leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions, announced today a strategic partnership with WerksGroup, LLC and its primary business line, MyFedRetirementWerks, helping Federal Employees optimize their retirement and benefit options. This partnership will enhance the retirement and life insurance guidance available to federal employees, offering a more comprehensive range of solutions to help them achieve their long-term financial goals. Per the agreement, the terms of the deal were not disclosed. “Our company began with a simple phrase: ‘One big purpose,’” said Richard and Karen Wolfe, principals of WerksGroup, LLC. “We believe that financial guidance is more than just selling products. It is the pursuit of helping clients create and implement a plan to achieve their long-term life goals. Partnering with AmeriLife strengthens that mission, broadens our reach, and merges our core values seamlessly.” With over 60 years of combined retirement planning and life insurance expertise, WerksGroup, LLC has built its business on the idea that relationships are more important than sales. As such, the company has focused on nurturing a client base of those who serve the American people, including employees of the U.S. Postal Service, the Department of Veteran Affairs, the Central Intelligence Agency, and various other federal agencies and departments. “Our success and this partnership would not have been possible without the dedication of our management team and minority partners, Patrick Shehan from our sales division in the postal and federal market, and Mark Ross, who was critical in expanding our annuity market. Their contributions were exemplary in bringing our vision to fruition and building WerksGroup into a great organization,” added Richard and Karen. As part of AmeriLife Wealth Group, WerksGroup will gain access to a best-in-class platform that delivers efficiency, value, and access to diverse resources and services to increase their productivity and grow their bottom line. “We are immensely impressed with Richard and Karen and their dedication and expertise while growing WerksGroup,” said AmeriLife Chief Distribution Officer of Wealth Distribution Mike Vietri. “Their exceptional work in the life insurance and annuity sectors has played a pivotal role in ensuring the retirement comfort of their federal employee clients. We are excited to integrate their strengths into our portfolio and continue building on their success.” About AmeriLife AmeriLife’s strength is its mission: to provide insurance and retirement solutions to help people live longer, healthier lives. In doing so, AmeriLife has become recognized as the leader in developing, marketing, and distributing life and health insurance, annuities, and retirement planning solutions to enhance the lives of pre-retirees and retirees across the United States. For over 50 years, AmeriLife has partnered with top insurance carriers to provide value and quality to customers through a distribution network of over 300,000 insurance agents, financial professionals, and over 100 marketing organizations and insurance agency locations nationwide. For more information, visit AmeriLife.com and follow AmeriLife on Facebook and LinkedIn. About WerksGroup, LLC Founded on a simple yet profound principle, WerksGroup, LLC is committed to assisting clients nationwide in preparing for their immediate needs and future aspirations. With over 60 years of combined expertise in retirement and life insurance, our team understands that trustworthy financial guidance involves more than just offering products—it requires a deep, comprehensive understanding of each client's financial, familial, and estate planning goals. Contact Details Media Inquiries Jeff Maldonado media@amerilife.com Partnership Inquiries Patrick Nichols corporatedevelopment@amerilife.com Company Website https://amerilife.com/

July 01, 2024 09:00 AM Eastern Daylight Time

Inflation Slows Small Cap Rally, But SMCP ETF Offers Strategic Entry Point

Benzinga

By Josh Enomoto, Benzinga ZINGER KEY POINTS • SMCP offers speculators an opportunity to spread their risk across several small companies with potentially big upside. • The ETF is currently trading within a horizontal consolidation pattern that may provide an intriguing entry point. Investors looking to dial up their risk-reward profile typically consider targeting small publicly traded enterprises that offer robust upside potential. Of course, the main threat to this framework is volatility. While that risk can never be completely mitigated, the AlphaMark Actively Managed Small Cap ETF (SMCP) provides market speculators with a more sensible platform. Fundamentally, the SMCP exchange-traded fund offers two core advantages. Firstly, AlphaMark is actively managed, which means that the investment vehicle is guided by a professional. As market conditions change, the SMCP may navigate around certain pitfalls. Secondly, the ETF encompasses a wide range of individual enterprises. Therefore, no one company will completely sink the portfolio. Generally, small-capitalization firms have not always performed well. One of the headwinds impacting the ecosystem have been elevated benchmark interest rates. According to Reuters 1, small caps started surging in late 2023 – as reflected by the rising per-unit price of SMCP – due to speculation of incoming rate cuts. However, the acceleration eventually faded as inflationary pressures stubbornly stood their ground. Nevertheless, some relief in this department could possibly be on the way. Based on the latest information 2 from the Labor Department, while the number of new applicants for jobless claims decreased from the prior week, the total number of people requesting some form of government assistance increased. This dynamic suggests that the red-hot labor market is beginning to cool. Naturally, the framework presents a possible incentivization for the Federal Reserve to present a more accommodative or dovish shift in monetary policy. If so, that could potentially reignite sentiment in small-cap entities, which may have a positive effect on SMCP. Presently, the top holding of the fund is Abercrombie & Fitch Co. (NYSE: ANF), an omnichannel retailer of popular apparel brands. ANF represents 1.48% of the small-cap fund. Coming in second place is Fabrinet (NYSE: FN), an enterprise in the electronic components segment that provides optical packaging and precision manufacturing services. It carries a fund weighting of 1.38%. Rounding out the top three is Neogen Corporation (NASDAQ: NEOG), which falls under the diagnostics and research sector of the healthcare ecosystem. It focuses on products and services dedicated to food and animal safety and features 1.31% of the SMCP ETF. Visit https://alphamarkadvisors.com/etf/ to obtain Top 10 holdings of SMCP ETF. To be sure, small-cap stocks present a higher-risk profile than that of mid or especially large cap firms. Primarily, small caps simply require more due diligence. Part of the reason is that because the underlying businesses tend to be relatively diminutive, not many analysts cover the space. As a result, there are likely to be informational gaps. These gaps can catch unprepared investors off guard yet this unpredictability also facilitates opportunities for upside. The SMCP Chart: Since its public market debut in 2015, the SMCP ETF has returned 20%. Perhaps not surprisingly, the fund tends to be choppy, with some of the strongest players lifting the portfolio while downside performances in the least-promising names have caused snap volatility. • Over the past 52 weeks, the SMCP is up around 20% based on closing prices. Since approximately early March, however, the ETF has entered into a sideways trend channel. That might present an entry point for prospective investors, especially as the market appears to be looking for its next big catalyst. • At the moment, SMCP trades hands at $30.60. That’s modestly above its 50-day moving average, which comes in at $30.49. However, the fund is also a hair below its 20 DMA (Displaced Moving Average), which stands at $30.77. Notably, an upside resistance line has materialized at the $31 level. That would be the next logical target for the fund to cross. • A support line has been established at the $30 level. That’s also a psychologically satisfying whole number that the bulls need to maintain. Bearish traders will attempt to drive down the price below this key threshold, which could trigger automated sell orders. • A big acquisition volume spike that flashed on the June 17 session will offer encouragement to the optimists, especially as they wait for news that could benefit small caps, such as an accommodative (dovish) monetary policy. Past performance is not a guarantee of future results. The investment return and the principal value of an investment in the Fund will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data cited. Current month-end data is available at 859-957-1803. Visit https://alphamarkadvisors.com/etf/ for more information about the AlphaMark Actively Managed Small Cap ETF. Standardized fund performance can also be found through the link in addition to more information. Featured photo by StockSnap from Pixabay The fund’s investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contains this and other important information about the investment company, or a free, hard-copy may be obtained by calling 1-800-730-3457. Read it carefully before investing. Investing involves risk. Principal loss is possible. Investing involves risk. Principal loss is possible. When the Fund invests in ADRs as a substitute for an investment directly in the Underlying Shares, the Fund is exposed to the risk that the ADRs may not provide a return that corresponds precisely with that of the Underlying Shares. The Fund is non-diversified, meaning it may concentrate its assets in fewer individual holdings than a diversified fund. Therefore, the Fund is more exposed to individual stock volatility than a diversified fund. A Fund that concentrates its investments in the securities of a particular sector area may be more volatile than a fund that invests in a broader range of industries. The Fund invests in foreign securities which involve political, economic and currency risks, greater volatility and differences in accounting methods. These risks are greater for investments i n emerging markets. The Fund invests in smaller companies, which involve additional risks such as limited liquidity and greater volatility. REITs may have limited financial resources, may trade less frequently and in limited volume, and may be more volatile than other securities. Investing in investment companies, such as ETFs will subject the Fund to additional expenses of each investment company and risk of owning the underlying securities held by each. ETFs may trade at a premium or discount to their net asset value. ETFs are bought and sold at market price and not individually redeemed from the fund. Brokerage commissions will reduce returns. Fund holdings and sector allocations are subject to change at any time and should not be considered recommendations to buy or sell any security. The SEC does not endorse, indemnify, approve, nor disapprove of any security. AlphaMark Advisors LLC is the Advisor to the AlphaMark Actively Managed Small Cap ETF which is distributed by Quasar Distributors, LLC. Footnotes: 1 https://www.reuters.com/markets/us/wall-st-week-ahead-us-small-caps-struggle-elevated-interest-rat es-take-toll-2024-05-03/ 2 https://www.reuters.com/markets/us/us-weekly-jobless-claims-fell-latest-week-2024-06-20/ 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

July 01, 2024 08:45 AM Eastern Daylight Time

Image

The Future Of Air Mobility: Horizon Aircraft's Cavorite X7 Leading The Charge In eVTOL Innovation

Benzinga

By James Blacker, Benzinga Imagine being able to order a flying taxi at the touch of a button, then to be whisked over the traffic and across the city in minutes, navigating above skyscrapers to an awaiting vertiport. Imagine a loved one being airlifted to the hospital in half of the time of a traditional helicopter. While this futuristic vision was once confined to the realm of science fiction, excitement for a new form of air travel is growing as advances in technology could bring them to our skies sooner than many think. Global investors expect to see the first commercial flights using electrical vertical take-off and landing (eVTOL) aircraft by 2026. The United States Federal Aviation Administration said last year that it expects the first eVTOL to begin commercial operations around late 2024 or early 2025. The United Kingdom, meanwhile, recently outlined a roadmap for eVTOL aircraft use, which it sees launching in the country by 2026, with fully autonomous versions in the skies by 2030. According to Spherical Insights, the Advanced Mobility Market (AMM) was worth $9.3 billion in 2023 and is expected to grow at a compound annual growth rate of 18.69% from 2023 to 2033, reaching $51 billion. Morgan Stanley has an even more bullish outlook, predicting that AMM will encompass a total addressable market of $1.5 trillion by 2040, citing the convergence of technologies such as batteries, autonomous systems and advanced manufacturing as reasons for this explosive growth. Who Needs A Pilot, Anyway? Several key players are making headlines in the eVTOL market, including New Horizon Aircraft (NYSE: HOVR), Joby Aviation and Lilium. While most companies are taking a traditional piloted approach with their eVTOLs, others, such as Archer Aviation (NYSE: ACHR), EHang and Boeing (NYSE: BA) subsidiary Wisk Aero are developing fully autonomous versions. As the technology develops and governments begin to adopt regulations to allow unpiloted eVTOLs, we can expect to see other players, such as Horizon Aircraft, following suit with autonomous vehicles of their own. Horizon Aircraft: Bucking The Trend While many competitors in the space are developing fully electric eVTOL aircraft, Horizon’s Cavorite X7 uses a hybrid electric propulsion system, allowing it to travel faster, go further and carry more useful cargo. According to the company, the X7 will have a maximum range of 500 miles, a maximum useful load of 1,500lb and a top speed of 250 mph – outperforming its all-electric competitors in every metric. The seven-seat Cavorite X7 uses a patented fan-in-wing design, with 14 electric ducted fans installed. After a vertical takeoff, the wings reconfigure, allowing it to fly like a normal aircraft during en-route flight. It can also take off and land from a traditional airport like a normal aircraft. The Canadian firm currently has a 50%-scale prototype that has successfully demonstrated hover flight and hopes to complete a successful transition flight soon. The company recently announced a number of promising technical updates. Horizon’s innovative approach appears to be working – earlier this year, Indian air operator JetSetGo signed a letter of intent with the company to purchase 50 Cavorite X7 for $5 million each, with an option to purchase an additional 50, at a total cost of $500 million. With its innovative approach to eVTOL design, and with a government that has shown robust support for the development of sustainable aviation, New Horizon Aircraft seems to be in a good position to take advantage of a potential boom in this new and disruptive form of air travel. Featured photo by Patrick Tomasso 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

July 01, 2024 08:30 AM Eastern Daylight Time

Image

AITX Expands Market Reach with 20% Growth in Channel Partners

RazorPitch AITX

The global security robots market, valued at USD 27.32 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 17.65% during the forecast period. This growth is driven by escalating security concerns and the increasing adoption of advanced automation techniques worldwide. Artificial Intelligence Technology Solutions, Inc. (OTC: AITX) is capitalizing on these trends, recently achieving significant milestones in revenue and expanding its distribution network. Market Context and Demand Drivers The demand for security robots is increasing due to several key factors, including geopolitical instabilities and substantial government investments in security technologies. These robots' advanced capabilities, such as operating in challenging terrains and hazardous environments and performing analytical surveillance, are driving their adoption globally. Additionally, improvements in sensor technology and automation, alongside advancements in neural technology, are enhancing the functionality and adoption of these robots. About Artificial Intelligence Technology Solutions AITX is at the forefront of delivering AI-based solutions that empower organizations to gain new insights, address complex challenges, and foster innovative business ideas. Through its next-generation robotic product offerings—RAD-I, RAD-R, RAD-M, and RAD-G—the company helps organizations streamline operations, increase ROI, and enhance business efficiency. AITX's technology simplifies and reduces the cost of patrolling and guard services, allowing experienced personnel to focus on more critical tasks. The solutions are widely applicable across multiple industries, including enterprises, government, transportation, critical infrastructure, education, and healthcare. Q1 FY 2025 Revenue Surge On June 17, 2024, AITX announced a notable increase in its recurring monthly revenue (RMR) for the first quarter of fiscal year 2025, marking a 385% year-over-year growth. The company's unaudited operating revenue for Q1 FY 2025 stood at $1,098,975, up from $384,277 in the same quarter of the previous fiscal year. This significant milestone underscores the company's ongoing exponential growth. Steve Reinharz, CEO/CTO of AITX, expressed his satisfaction, stating, "Achieving continuous, exponential growth is what we forecasted, and what we have delivered once again. Although we have smartly added some general expenses in sales, support, and development, we remain committed to operational profitability this fiscal year. It’s important that we position ourselves to be a dominant player in the solar security tower market, support the launch of AIR in our Gen4 solutions, and prepare for the upcoming relaunch of ROAMEO. I am pleased to say we are on track." Recent Update: Expansion of Channel Partners On June 25, 2024, AITX announced a significant milestone: a 20% expansion of its distribution channel partners over the past six months. This growth underscores AITX's commitment to extending its market reach and solidifying its position as a leader in AI-driven security solutions. “The expansion of our distribution network is a clear indicator of the trust and confidence our partners have in RAD’s technology. This 20% increase in channel partners will allow us to reach even more customers and provide them with the security solutions they need to protect their assets and people,” said Troy McCanna, Senior Vice President of Revenue Operations at RAD. Mark Folmer, President of RAD, echoed this sentiment, highlighting the strategic value of these partnerships: “Each of our channel partners brings a unique set of clients and immediate opportunities to RAD. Their diverse portfolios and strong relationships within their respective markets are invaluable. We are excited about the potential each partnership holds and are confident that together, we can deliver unparalleled security solutions to a wider audience.” RAD's distribution network now includes 83 partners covering the US, Canada, and the European Union. One of the standout products driving this expansion is the ROSA™ system, a compact, self-contained, portable security and communication solution. ROSA™ can be installed and activated in about 15 minutes and features AI-driven security analytics such as human, firearm, and vehicle detection, license plate recognition, responsive digital signage, and audio messaging. It also integrates seamlessly with RAD’s software suite for notifications and autonomous responses, offering two-way communication optimized for cellular, including live video from its high-resolution cameras. Looking ahead, AITX remains committed to scaling its operations and enhancing its technological capabilities. The company is investing in research and development to introduce new features and products that align with market demands and client needs. With a prospective sales pipeline that includes over 35 Fortune 500 companies, AITX is well-positioned for sustained growth. Conclusion AITX's recent achievements and the broader market dynamics highlight the potential for substantial growth in the security robots market. The company's focus on AI-driven solutions and recurring revenue models positions it well to capitalize on the increasing demand for advanced security technologies. As AITX continues to innovate and expand its market presence, the future looks promising, with significant opportunities for further growth and development, making AITX an OTC stock to watch. 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 Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

July 01, 2024 06:00 AM Eastern Daylight Time

1 ... 132 133 134 135 136 ... 3767

Back