All Industries

Chicano Hollywood Announces Elevate the Latino Voice Conference at the Iconic Ricardo Montalban Theater, Sept 13-14, 2024

Nuestro Stories

Chicano Hollywood is proud to announce the highly anticipated Elevate the Latino Voice Conference, a two-day event that on Sept. 13 and 14 will celebrate and amplify the powerful voices of Latino creatives, producers, and influencers in the entertainment industry. Presented by City National Bank and Nuestro Stories, the conference will take place at the historic Ricardo Montalbán Theater, bringing together some of the most prominent Latino figures in film, television, and animation to inspire, educate, and empower the next generation of talent. Several must-attend panels will highlight the conference featuring Latino industry leaders who have contributed to some of Hollywood’s most successful and beloved projects. Key sessions include: • Latinos Behind the Success of Cobra Kai – Featuring Xolo Maridueña and Vanessa Rubio, two of the stars who helped shape the hit Netflix series into a global phenomenon. • Real Talk for Latino Producers – Joel Gonzales (The Long Game), Rick Telles (A Million Miles Away), and other successful producers will share their experiences and insights into navigating Hollywood. • Storytellers – Moises Zamora (Selena: The Series) will provide a deep dive into the process of storytelling, and how Latino voices are reshaping narratives. • Latinas in Animation – Featuring industry powerhouses like Yvette Merina (Encanto, Moana) and Angela Sanchez (Primos on Disney), this panel will discuss the influence and importance of Latinas in the world of animation. • Latinas Shifting Hollywood – Trailblazers Lisa Vidal (Star Trek), Diana Maria Riva (Gordita Chronicles), and Sarah Seligman (Hotel Cocaine) will explore how Latina women are breaking barriers and driving change in Hollywood. • Latino Power Couples – Join Bel Hernandez and Enrique Castillo, alongside Maria Canals-Barrera and David Barrera, as they share their journey as power couples in the entertainment industry, offering advice and inspiration to those aspiring to thrive in both family life and professional success. • Nuestro Studios: A New Blueprint for Growth and Collaboration – A year after launching Nuestro Studios, Nuestro Stories’ founders Manny Ruiz, and Angela Sustaita-Ruiz share their vision for growth and collaboration. The Ruiz’s will be joined by Marc Sanchez, creator of the history-making Latino anime series, Entre 2 Mundos. “We are thrilled to bring together such a dynamic and diverse group of Latino creators and influencers,” said Johnny Murillo, founder of Chicano Hollywood. “This conference is about more than celebrating our successes. It’s about creating opportunities, breaking down barriers, and making space for future generations of Latinos to tell their stories and take their rightful place in Hollywood.” The Elevate the Latino Voice Conference will feature additional panels, workshops, and networking opportunities, designed to foster collaboration and mentorship across all sectors of entertainment. Attendees will also have the chance to interact with industry veterans, emerging talent, and influential leaders committed to elevating Latino voices in every aspect of the industry. Tickets for the event can be purchased at www.chicanohollywood.com. For more information on the Elevate the Latino Voice Conference, please visit www.chicanohollywood.com or contact Johnny Murillo at Info@chicanohollywood.com. Other Elevate Conference sponsors include Renchilida, Tribune Law, Liuna Local 724, SEIU Local 87, Quixote Studios, and The Devils Ring Feature Film About Chicano Hollywood Chicano Hollywood is dedicated to elevating Chicano/Latino stories, creators, and talent across the entertainment spectrum. With a mission to champion authentic representation and bring Chicano/Latino-driven narratives to the forefront, Chicano Hollywood is empowering a new wave of creatives in film, television, and digital media. Contact Details Johnny Murillo Info@chicanohollywood.com

September 09, 2024 06:41 PM Eastern Daylight Time

Image

Domestic Violence Services of Snohomish County Selects Comcast Business to Support Reliable 24/7 Connectivity

Comcast Pacific Northwest

Comcast Business is providing Domestic Violence Services of Snohomish County (DVS) – a private, non-profit organization that provides emergency shelter and comprehensive, confidential services to victims of domestic violence – with Comcast Business Ethernet Dedicated Internet (EDI) and Comcast Business Voice Mobility Solutions. The services provide reliability and speed for the organization's network, and serve as a technological backbone that supports DVS’ growing operations and survivor-first approach. Founded in 1976, DVS has a 52-bed confidential emergency shelter for those in imminent danger from intimate partner violence (IPV). It is the only program in Snohomish County, WA that provides emergency shelter and related services to victims of domestic abuse regardless of age, gender, race, religion, culture, national origin, sexual orientation or income level. DVS also offers individual and community awareness programs that focus on eliminating domestic violence in the area. Dedicated to fostering a safe, judgment-free atmosphere that promotes healing and growth for individuals and families impacted by domestic violence, DVS requires top-notch technology services to do so effectively and efficiently. “It is crucial for our organization to be connected to survivors in need 24/7. To do so, we depend on a reliable, fast internet connection and phone service, which Comcast Business has been able to seamlessly provide,” said Lauren Stiger, Development and Volunteer Manager of DVS. “The technology they provide helps us ensure that survivors have a safe place to turn to at all times, no matter the situation. Comcast Business has been very accommodating and has played a big role in our continued success as an organization.” Because using forms of online contact, such as email, is not always the safest option for survivors, DVS’ phone system is the leading tool the organization uses to stay connected to those affected by domestic violence. Comcast Business Voice Mobility Solutions are crucial, as DVS’ needs its crisis hotline to be available 24/7, seven days a week. Meanwhile, Comcast Business EDI provides the speed to tackle high bandwidth needs, such as DVS’ individual and community awareness programs. These programs are a growing aspect of DVS’ operations, geared toward eliminating cases of domestic violence. The organization’s team attends local events and visits locations such as schools to better inform the community about the importance of building healthy relationships, and to spread the word that DVS is readily available to help survivors. The awareness programs also consist of various online webinars and virtual meetings, further emphasizing the need for DVS to work with a reliable connectivity provider. “Reliable connectivity is critical to the day-to-day operations of organizations, like DVS, that are building healthier, happier communities by caring for individuals and families in need,” said Rob Brenner, Vice President of Comcast Business for Comcast’s Pacific Northwest Region. “Comcast Business is proud to provide quality solutions for quality organizations that share our vision of bettering our community. We look forward to continuing to support DVS with technology that helps enable their team to further ease the healing process for survivors.” About Comcast Business Comcast Business offers a broad suite of technology solutions to keep businesses of all sizes ready for what’s next. With a range of offerings including connectivity, secure networking, advanced cybersecurity, and unified communications solutions, Comcast Business is partnering with business and technology leaders across industries and integrating Masergy, a leader in software defined networking, to help drive businesses forward. Backed by a next-generation network, Comcast Business has been recognized for its growth, innovation, and leadership in global secure networking. For more information, call 800-501-6000. Follow on Twitter @ComcastBusiness and on other social media networks at http://business.comcast.com/social. About Domestic Violence Services of Snohomish County Domestic Violence Services of Snohomish County (DVS) is a private, non-profit organization serving Snohomish County since 1976. DVS is the only program in Snohomish County providing emergency shelter and comprehensive, confidential services to victims of domestic abuse without regard to age, gender, race, religion, culture, national origin, sexual orientation or income level. DVS provides individual and community awareness programs which can affect the social change necessary to eliminate domestic violence throughout Snohomish County. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company that connects people to moments that matter. We are principally focused on connectivity, aggregation, and streaming with 57 million customer relationships across the United States and Europe. We deliver broadband, wireless, and video through our Xfinity, Comcast Business, and Sky brands; create, distribute, and stream leading entertainment, sports, and news through Universal Filmed Entertainment Group, Universal Studio Group, Sky Studios, the NBC and Telemundo broadcast networks, multiple cable networks, Peacock, NBCUniversal News Group, NBC Sports, Sky News, and Sky Sports; and provide memorable experiences at Universal Parks and Resorts in the United States and Asia. Visit www.comcastcorporation.com for more information. Contact Details Jack Follman jack_follman@comcast.com

September 09, 2024 09:05 AM Pacific Daylight Time

DeepSales 2.5 Released: Discover and AI-Driven Prospecting Features Revolutionize Sales Intelligence

Rev Up Marketers

DeepSales, a sales intelligence company, announced the release of its latest version, DeepSales 2.5. This new version introduces two major features, Discover and an enhanced Prospecting function designed to elevate how businesses interact with sales data and streamline lead generation. With these enhancements, DeepSales aims to provide companies with more precise and efficient tools for targeting potential customers. The latest version of DeepSales is part of the company's ongoing commitment to enhancing the capabilities of sales teams. By integrating sophisticated data analytics and AI-driven technology, DeepSales 2.5 offers a user-friendly interface and enhanced functionalities designed to meet the evolving needs of modern businesses. The newly introduced Discover feature simplifies data exploration by providing users with streamlined access to over 50 industry-specific datasets. This feature enhances user experiences by reducing search times by up to 40%, allowing users to locate specific, relevant information. Discover also improves the understanding and application of filters, allowing users to conduct more precise and targeted searches, significantly reducing the time spent finding critical data. The intuitive design ensures seamless navigation, making it accessible even for those without extensive technical expertise. The enhanced Prospecting feature builds on DeepSales' existing capabilities by incorporating AI-driven suggestions, making lead generation more targeted and effective. This upgrade allows users to perform keyword searches while simultaneously applying filters, increasing search accuracy by 30%. The AI suggestions analyze search input to provide personalized industry recommendations, aligning closely with the user’s business needs. This intelligent system simplifies the process of identifying and engaging with high-quality leads, enabling sales teams to focus on prospects most likely to convert. One of DeepSales' distinguishing factors is its focus on the Asia-Pacific region, an area often underserved by other leading lead generation platforms. While competitors are primarily focused on the North American and European markets, DeepSales offers unique expertise and comprehensive data coverage across Asia. Headquartered in South Korea, DeepSales understands the cultural, economic, and regulatory complexities of this diverse market. With localized data and insights, DeepSales 2.5 supports businesses looking to expand their reach in countries involving South Korea, Japan, China, and India. The enhanced Discover and Prospecting features are particularly beneficial for companies aiming to navigate the intricate business environments of Asia, providing valuable opportunities to connect with potential clients and partners effectively. DeepSales 2.5 demonstrates the company’s commitment to innovation and user-centric design. By focusing on delivering practical tools that address real-world sales challenges, DeepSales enables businesses to optimize their sales strategies, improve efficiency, and drive revenue growth. DeepSales 2.5 is now available to all current and new users looking to enhance their sales capabilities. For more information about the latest features, please visit https://deepsales.com. About DeepSales DeepSales is a sales intelligence platform that empowers businesses to streamline lead generation and optimize their sales strategies through AI-driven contact data. Specializing in the Asia-Pacific region, DeepSales provides localized data and expertise, helping companies navigate complex markets like South Korea, Japan, China, and India. With a focus on innovation and user-friendly design, DeepSales equips sales teams with tools that enhance efficiency and drive revenue growth. Contact Details DeepSales Taehee Kong +82 70-4417-5507 tkong@deepsales.com Company Website https://deepsales.com/

September 09, 2024 11:23 AM Eastern Daylight Time

Image

Swiss Security Solutions Announces Global Inspector AI App Funding for Advanced Crime Prevention and Risk Mitigation

Rev Up Marketers

Swiss Security Solutions, a global leader in investigative, cybersecurity, cyber intel and business intelligence services, is proud to announce the launch of the Global Inspector AI App Funding, a groundbreaking Swiss-made FinTech solution designed for crime prevention, financial risk mitigation and digital verifications. This cutting-edge app is set to revolutionize how individuals, businesses, and investors navigate the complexities of the modern digital economy, particularly in finance and financial risk mitigation and verification. The Global Inspector AI App represents the next evolution in economic security and trust verification, providing an opportunity for stakeholders to support this innovative development. The Global Inspector AI App tackles one of the most pressing challenges of the digital age—ensuring trust in online transactions and verifying the legitimacy of businesses, individuals, and digital assets. It provides comprehensive checks on businesses, individuals, domains, social media profiles, phone numbers, emails. Swiss Security Solutions provides specialized security, investigative, intelligence, and defense services to clients globally. With over 220 years of combined expertise and 85+ years of management experience, Swiss Security Solutions offers comprehensive security solutions that ensure the safety of businesses, individuals, and assets.. With its user-friendly interface and advanced investigative capabilities, the app empowers users to safeguard against scams, fraud, and other cyber threats, offering peace of mind in today’s rapidly evolving digital landscape. Key Features and Market Potential: Advanced FinTech for Crime Prevention and Risk Mitigation: The Global Inspector AI App, a leading FinTech solution, empowers users with accurate and timely verification data, mitigating financial risks up to USD 20 million per investment in any kind of financial transactions. Global Reach with Customized Analysis: The app’s expert-driven investigations provide insights that go beyond automated checks, ensuring that users can confidently engage with potential partners or assets. A High-Growth FinTech Market: The verification market is forecasted to reach $8.5 billion by 2030, with a compound annual growth rate (CAGR) of 7.6%. Global Inspector AI is uniquely positioned to capitalize on this expanding sector. Deep Analyst Work for Complex Cases: Users can request customized, in-depth investigative analysis by a team of global experts for more complex verification needs, providing tailored insights that go beyond what standard automated tools offer. Here including Site Visits with photo reports, Surveillance Investigations, and more. User-Friendly, Intuitive Interface: Designed with a focus on ease of use, the app's interface makes it accessible to a broad audience, from individuals to corporate professionals, ensuring a seamless verification process. The app features a flexible subscription-based model, catering to individual users, SMEs, and enterprises, complemented by on-demand services for deep analytical work. This dual revenue stream ensures a robust financial foundation with recurring subscription revenue and additional fees for specialized investigations. The app features a flexible subscription-based model, catering to individual users, SMEs, and enterprises, complemented by on-demand services for deep analytical work. This dual revenue stream ensures a robust financial foundation with recurring subscription revenue and additional fees for specialized investigations. Join the Revolution in Digital Trust: Global Inspector AI App is more than just a product; it’s a paradigm shift in how we navigate trust and security in the digital world. By automating the investigative work Swiss Security Solutions has perfected over the past seven years, the app delivers unparalleled value to users needing reliable verification services. Whether you’re an individual seeking protection from fraud or an institutional investor looking for secure, verified opportunities in the international space, Global Inspector AI App is the solution. For further information on the Global Inspector AI App visit the official page Global Inspector AI app Page. This powerful tool supports AML (Anti-Money Laundering) and KYC (Know Your Customer) processes for banks, family offices, capital firms, and startups, offering enhanced due diligence capabilities. Additionally, it will support law enforcement agencies, including Interpol and Europol, with rapid verification services that surpass the capabilities of their existing tools, ensuring faster and more reliable assessments and due diligence in critical investigations and interventions. This groundbreaking venture provides an opportunity for stakeholders to engage with and contribute to the future of secure digital interactions. Supporting this cutting-edge Swiss innovation contributes to the future of secure digital interactions, fostering advanced crime prevention and risk mitigation technologies. About Swiss Security Solutions Swiss Security Solutions provides customized security, safety, investigative, intelligence and defence solutions, services and systems to help, serve, secure and care for the people, businesses and public in local communities, and to make private, business and public customers feel safe. At Swiss Security Solutions, they firmly believe that security is unique and quite unlike any other service. To be effective it requires expertise, skill, and professionalism, as well as a dedication to providing the best possible protection for people, property, data, and assets. Swiss Security Solutions LLC possesses 220+ years of know how and 85+ years of management experience, members of Swiss Criminalistics Association, and membership at esteemed International Trade Council (ITC). The new StartUp name for Global Inspector AI App is Global Inspector LLC registered at EU StartUps. For more information, please visit our News page. Contact Details Swiss Security Solutions LLC Elena Goldi +41 44 586 60 33 info@swiss-security-solutions.com Company Website https://www.swiss-security-solutions.com

September 09, 2024 11:14 AM Eastern Daylight Time

Image

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

No More Wisdom Teeth Horror Stories? TriAgenics' Alternative To Painful Wisdom Teeth Removal

Benzinga

By Mangeet Kaur Bouns, Benzinga For countless people, the prospect of wisdom teeth removal stirs a deep sense of dread. While many undergo the procedure without incident, the reality is that this “routine” surgery is fraught with risks that can turn a simple operation into a painful and protracted ordeal. Complications are not just possible – they’re common. Dry sockets, for example, occur when the blood clot that forms after extraction becomes dislodged, exposing the underlying bone and nerves. The pain from a dry socket can be intense – often radiating to the ear – and it can take weeks for full recovery. Nearly 30% of patients experience bleeding, which, if not properly managed, can lead to further complications. Nerve damage, though less frequent, can result in permanent changes in sensation, affecting the lower lip, chin and gums. Even more concerning are the cases where wisdom teeth removal leads to life-threatening outcomes. The tragic story of 17-year-old Jenny Olenick, who suffered fatal brain damage due to oxygen deprivation while under anesthesia for a wisdom tooth extraction, serves as a somber reminder that no surgery is ever truly routine. Despite the best efforts of medical professionals, Jenny’s surgery ended in tragedy, a stark example of the potential dangers inherent in this common procedure. Complications Beyond The Expected: A Risky Rite Of Passage While stories like Jenny Olenick’s are rare, they highlight the unpredictable nature of wisdom teeth removal. What starts as a straightforward procedure can quickly spiral into a series of complications that demand additional medical intervention, prolong recovery and increase costs. For many patients, the aftermath of surgery is marked by a litany of issues: swelling, pain and difficulty opening the mouth are common, sometimes persisting for weeks. Trismus, a condition characterized by painful jaw movement, is particularly prevalent among younger patients, especially those between the ages of 17 and 25. This condition can make it challenging to perform everyday activities such as eating and speaking, further complicating the recovery process. Infections are another frequent concern, often manifesting as persistent discomfort, swelling and, in severe cases, fever or yellow discharge from the extraction site. If left untreated, these infections can lead to more serious complications, requiring antibiotics or even additional surgery. Sinus complications can occur in cases where the upper wisdom teeth are involved, adding another layer of risk. If the tooth roots are close to the sinus cavity, the removal can create an opening between the tooth socket and the sinus. This condition, known as sinus communication, can cause ongoing discomfort and complicate the healing process. Anesthesia reactions, although rare, pose their own risks, ranging from mild nausea to severe allergic reactions. In extreme cases, these reactions can be life-threatening. Such incidents, while uncommon, underscore the need for thorough preparation and careful monitoring during any surgical procedure. Given these risks, there is a clear unmet need for a safer, more reliable alternative to traditional wisdom teeth removal practices. Triagenics And Zero3 TBA: A Game-Changing Solution? Enter TriAgenics, a company potentially on the cusp of revolutionizing dental care with its innovative Zero3 Tooth Bud Ablation (TBA) technology. This procedure promises a potential end to the painful and often risky process of wisdom teeth removal by preventing wisdom teeth from forming in the first place. Zero3 TBA treatment is designed for children ages 6 to 12, a time when the early signs of wisdom teeth can be detected. The procedure is minimally invasive and highly precise, targeting and neutralizing the developing tooth bud tissue before it can grow into problematic third molars. TriAgenics reports that the entire process takes only 60 to 90 seconds per tooth bud, with the full treatment, which involves four tooth buds, completed in about 30 minutes. The company says that what makes Zero3 TBA particularly compelling is the simplicity and effectiveness of the procedure. Traditional wisdom teeth extraction involves cutting into the gums and bone to remove the teeth, which often leads to significant pain and a lengthy recovery period. Zero3 TBA is quick, minimally invasive and comes with minimal recovery time. The procedure’s targeted approach means that the risks of complications such as dry socket, nerve damage and infection are significantly reduced if not entirely eliminated, says TriAgenics. Disrupting A Multi-Billion Dollar Market The potential market for TriAgenics’ Zero3 TBA technology is large. With approximately 85% of all wisdom teeth eventually requiring removal, the demand for a preventative solution is clear. The company estimates that its Zero3 TBA product could tap into a total addressable market of more than $2.5 billion annually. TriAgenics is already on its way to capitalizing on this opportunity. The company has completed extensive research and development, achieving a 100% success rate in animal trials in preventing wisdom tooth formation. This success has paved the way for the next critical step: obtaining FDA clearance. If approved, TriAgenics plans to begin commercializing Zero3 TBA in 2025, with licensed dentists treating patients. The process will involve dentists sending X-rays and prescriptions to TriAgenics, which will then produce custom 3TBA guides. These guides, designed specifically for each patient, will be sold to dentists at an estimated $350 per tooth bud treated. The company has already raised over $11.5 million in capital, a testament to the investor interest in its technology. Furthermore, TriAgenics has established a robust intellectual property portfolio, securing 32 U.S. and international patents, expanding patent coverage in Australia, Canada, Europe and Mexico. This IP position, combined with growing interest from oral surgeons and pediatric dental specialists, potentially positions TriAgenics as a frontrunner in the future of dental care. Potential To Transform Dental Care As TriAgenics advances toward FDA clearance and market entry, the company could be poised to disrupt the traditional approach to wisdom teeth management. Zero3 TBA offers a solution that could spare tens of millions from the pain, risks and costs associated with wisdom teeth removal. By preventing the formation of wisdom teeth, TriAgenics is not just offering a new product; it’s proposing a paradigm shift in how dental care is approached. “Dental practitioners have expressed tremendous excitement about the potential to eliminate all complications normally associated with wisdom teeth removal,” said Dr. Leigh Colby, TriAgenics CEO. “We believe this will be the industry standard of care by 2030.” The implications of Zero3 TBA extend beyond just a single procedure. If successful, the company believes this technology could set a new standard in preventative dental care, reducing the need for invasive surgeries and the associated complications that may come with them. This means less pain, fewer risks and significant cost savings for patients. For the dental industry, it could represent a major leap forward in how care is delivered. To explore how TriAgenics is shaping the future of wisdom teeth management, check out TriAgenics on StartEngine. Featured photo by S&B Vonlanthen 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 09, 2024 08:35 AM Eastern Daylight Time

Image

Bitcoin Miner Bitdeer (NASDAQ: BTDR) Grows Q2 Revenue Amid Volatile Market Backdrop

Benzinga

By Gerelyn Terzo, Benzinga Bitdeer’s R&D run rate continues to hover in the range of $5 million-$6 million as the company moves ahead on the optimization of its SEALMINER technology series and upgrades at its global datacenter facilities. Bitcoin miner Bitdeer Technologies Group (NASDAQ: BTDR), which is behind the SEALMINER application-specific integrated circuit (ASIC) technology, has reported its Q2 2024 financial results. Bitdeer seems to have held its own against a challenging mining backdrop, owing to difficult broader market conditions in the wake of the Bitcoin mining halving event. After reaching an all-time high of over $73,000 in March, the Bitcoin price has pulled back, but remains up 133% over the past 12-month stretch. Bitdeer’s performance seems to be resilient, generating year-over-year growth across its revenue, gross profit and adjusted EBITDA, despite also suffering a net loss. Among the quarterly highlights, the Singapore-based blockchain company’s total revenue came in slightly below $100 million, up roughly 6% compared with year-ago results of $93.8 million. Performance was driven largely by Bitdeer’s self-mining division, the revenue for which nearly doubled to $41.6 million compared with $21.6 million in the year-ago period. Bitdeer’s proprietary self-hosted business mined 628 Bitcoins during the quarter. The company generally sells those Bitcoins for cash shortly after mining them. Self-mining revenue drivers were two-pronged, comprising a soaring self-mining hashrate, which reflects total computing power, to 7.3 EH/s from 3.8 EH/s in its Bhutan mining datacenter as well as a bullish Bitcoin price. The Bhutan facility became operational in H2 2023. Bitdeer’s cloud hash rate revenue declined by a sharp 33% in the quarter, owing to broader market conditions leading to changes in the amount of active orders and a drop in electricity subscriptions amid lower margins caused by the Bitcoin halving event in April. The Bitcoin halving had a domino effect, causing the temporary shutdown of hosting mining rigs and pressuring general hosting revenue. However, it is important to note that any hash rate allocated to cloud mining rolls into self mining when these contracts roll off. Bitdeer remains profitable on an adjusted EBITDA basis, with that metric coming in at $24.9 million and representing a 25% increase compared to year-ago levels. Its Q2 gross profit came in at $24.4 million, ballooning 50% higher compared with $16.2 million in the year-ago period. However, Bitdeer continues to operate at a net loss, which amounted to $17.7 million in the quarter compared with a $40.4 million net loss in the year-ago quarter. The most recent net loss was associated with a non-cash expense of the fair value change for warrants on stablecoin company Tether, with which Bitdeer partnered for a private placement financing earlier this year. Those warrants could still be converted to equity, thereby offsetting any liabilities. Graphic Source: Bitdeer on LinkedIn Bitdeer ended the quarter with nearly $204 million in cash and cash equivalents on the balance sheet, including close to $25 million in cryptocurrency. The company operates in a capex-heavy industry, directing $17.5 million into its products and mining machines during the quarter. As its ASIC chip and machine production continues to ramp up, Bitdeer may be able to offset these investments while continuing to grow revenue. Of the Q2 performance, Bitdeer Chief Business Officer Matt Kong stated, “We achieved these results despite significant growth in the global network hashrate and the April 2024 halving. This demonstrates the strength of our differentiated strategy, underpinned by Bitdeer’s commitment to technology and innovation.” Bitdeer’s Operations And Outlook Bitdeer has several datacenter projects under development across the United States, Norway and Bhutan, all of which the company says remain on track. It has set its sights on expansion and expects these projects will support its growth for the foreseeable future. In its power and data center infrastructure business, Bitdeer signed a 30-year lease agreement for 570 MW of power capacity in Ohio, thereby strengthening its total capacity. Earlier this year, Bitdeer launched a high-performance computing (HPC) and AI business, for which it deployed Nvidia (NASDAQ: NVDA) systems in Singapore and achieved a 100% utilization rate at the start of Q3. During Q2, Bitdeer reports that it advanced its SEALMINER ASIC roadmap, including the recent acquisition of crypto ASIC design company Desiweminer. Bitdeer has deployed its maiden batch of its SEALMINER A1 chips, initiating mass production with a view to add 3.4 EH/s into its data centers by year-end 2024. Bitdeer is awaiting delivery of its second-generation SEAL02 chip products by the end of Q3, after which time it plans to ramp up production for deployment by year-end. Once these chips become available, Bitdeer says it will have the opportunity to generate immediate cash flow from customer pre-orders. Bitdeer On Investor Radars Despite uncertainty around where the Bitcoin price will end in 2024, Bitdeer says it has a robust roadmap, one that involves an ambitious pipeline around its self-mining business, ASIC miner technology, cloud capabilities, AI-powered data centers and more. While Bitdeer’s stock is currently trading below its 52-week high, Wall Street analysts have an average “buy” rating on BTDR shares, suggesting that the stock could have more runway for gains. Investors who are interested in participating in the Bitcoin mining sector can learn more about Bitdeer’s stock here. Featured photo by the-design_org 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 09, 2024 08:30 AM Eastern Daylight Time

Image

This New Gamified Trading Platform Is Eyeing A Share Of The $30B-A-Year Fantasy Sports Market

Benzinga

By James Blacker, Benzinga Fantasy sports has developed into a $30 billion-per-year industry, with millions of players around the world drawn to the thrill of the game and the potential to win big rewards. According to Straits Research, the global fantasy sports market was valued at $28.23 billion in 2023 and is estimated to grow at a compound annual growth rate of 14.1% to reach $92.52 billion by 2032. Within this flourishing market, fantasy trading platform BullRush is carving out a space by combining the excitement of fantasy sports with trading in a gamified platform. The Thrill Of Fantasy Trading Traditional fantasy sports platforms involve managing sports teams, such as in the Premier League, NBA or MLB. BullRush is putting its own twist on this idea by making you the manager of your own simulated trading portfolio. While the trades may be simulated, the adrenaline of seeing your portfolio fluctuate is anything but. Traders can play single-round games or bracket-style tournaments, testing their strategies against fellow traders in real-time markets. The top traders in each event earn more than just bragging rights, with cash prizes and other rewards up for grabs – offering an incentive to level up your trading game. While regular fantasy sports sites require successful participants to have an in-depth knowledge of the sport, including its teams and players, BullRush rewards those who excel in market analysis and developing profitable trading strategies. Whether you are a long-time trader or new to the markets, BullRush offers a platform where you can show off your trading skills to the rest of the community. Beyond trading in the markets, BullRush offers various other games to keep players engaged. From testing your skills against the market in the Challenge Arena to flexing your financial knowledge in trivia games, BullRush community members have plenty of different ways to trade, compete and win. A Large Market Opportunity The fantasy sports industry is booming, with one of the biggest platforms, Fantasy Premier League, attracting more than 11 million players. This enormous scale highlights the potential for growth within the market, particularly for innovative platforms like BullRush, which are carving out their own niche within the industry. By tapping into the existing popularity of fantasy sports, BullRush could be well-positioned to attract not only existing fantasy sports fans but also newcomers who are interested in financial markets. With the industry already valued at almost $30 billion per year and growing, BullRush’s platform, which launches officially on September 9, is getting into the industry at the right time. Have You Got What It Takes? Whether you want to improve your trading, share strategies with other traders or simply have fun with trading games and challenges, BullRush has you covered. The company has created a fun, interactive, gamified experience that appeals to a diverse audience of traders and fantasy sports fans alike. Think you’ve got what it takes to take home the prize? Sign up for BullRush’s games here. Featured image 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 is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 09, 2024 08:20 AM Eastern Daylight Time

Image

Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF): Major Approvals Make TBRIF A Stock To Watch

TBRIF

The medical device sector is experiencing rapid growth, driven by technological advancements and rising global healthcare needs. According to Statista, the global market is set to expand at an annual rate of 5.71%, reaching $673.10 billion by 2029. In 2024 alone, the United States is expected to generate $179.80 billion in medical device revenues, underscoring the sector’s substantial potential. In this burgeoning market, Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) stands out as an emerging leader. The company has made notable progress in diagnostics and health-tech solutions, with recent milestones such as the approval of reimbursement for its Venowave VW5 device. These developments highlight Therma Bright’s strong growth potential and its ability to open new revenue streams in the healthcare and medical technology sectors. Reimbursement Approval: A Game-Changer for Revenue On August 19, 2024, Therma Bright announced a landmark achievement with the U.S. Centers for Medicare and Medicaid Services (CMS) granting permanent Healthcare Common Procedure Coding System (HCPCS) code E0683 to its Venowave VW5 device. This approval signifies a major breakthrough, as it not only provides a specific reimbursement code but also sets a precedent for the device's integration into the U.S. healthcare system. Rob Fia, CEO of Therma Bright, expressed his enthusiasm about the development: "We're pleased that the Centers for Medicare and Medicaid have approved our permanent code request, as well as the reimbursement pricing and the new HCPCS Level II designation for our Venowave VW5 device." This approval ensures that Venowave VW5 will be reimbursed for up to $1,199 per device or $78.05 per month for rental, totaling up to $819.55 over 13 months. The device addresses critical circulatory issues, including deep vein thrombosis (DVT), a condition affecting over 900,000 U.S. citizens annually. The reimbursement approval opens a major revenue channel for Therma Bright. Market research projects that the global market for DVT-related treatments will reach $1.5 billion by 2032. With the Venowave VW5 device being the first of its kind to receive a permanent HCPCS code, Therma Bright is poised to capture a significant share of this expanding market. Strategic Investments and Expanding Market Reach In addition to the reimbursement milestone, Therma Bright has been actively expanding its footprint through strategic investments and partnerships. On August 22, 2024, the company announced the securing of a nationwide U.S. distribution partner for the Venowave VW5. This partner will launch an initial sales program to assess Medicare/Medicaid reimbursement timelines and billing procedures, with a commitment to acquire inventory valued at up to $2.38 million post-program success. The partnership is a testament to the confidence in Venowave’s market readiness and the anticipated success of the reimbursement process. Rob Fia highlighted the significance of this deal: "We are thrilled to welcome our nationwide distribution partner to our team... We expect the program to be successful, leading to a significant increase in Venowave orders on a monthly basis and accelerating our revenue growth." Innovative Technological Advancements Therma Bright’s innovative approach extends beyond Venowave. On August 16, 2024, the company revealed that its AI-powered Digital Cough Technology (DCT) is under consideration for a clinical trial involving a new chronic cough drug. This AI-driven platform aims to enhance data collection and clinical decision-making, showcasing Therma Bright’s commitment to advancing healthcare technology. Additionally, Therma Bright continues to make strategic investments in cutting-edge solutions. On August 6, 2024, the company increased its investment in InStatin, a firm developing an inhaled statin for chronic lung conditions. This move not only boosts Therma Bright’s stake but also positions the company to benefit from potential breakthroughs in asthma and COPD treatments. Leadership and Future Prospects The company’s progress is further supported by recent additions to its advisory board. On August 13, 2024, Therma Bright welcomed Michael Raimondo, a seasoned expert in medical sales and operations, to its advisory board. Raimondo’s extensive experience is expected to drive sales growth and navigate the complexities of U.S. healthcare reimbursement processes. Rob Fia commented on Raimondo’s appointment: "We are pleased that Michael has agreed to join Therma Bright's Advisory Board, where his skills and experience in sales and operations will aid in the company’s sales efforts of its health-tech and med-tech devices." Conclusion Therma Bright Inc. (TSXV: THRM) (OTCQB: TBRIF) is poised for significant growth following the approval of the HCPCS code for its Venowave VW5 device. This milestone opens up opportunities in the large DVT treatment market. With strategic investments, new partnerships, and technological advancements, TBRIF is well-positioned for future success, potentially making it a compelling stock for investors 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 has been compensated by Therma Brite to assist in the production and distribution of content related to TBRIF. 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 https://razorpitch.com/

September 09, 2024 06:00 AM Eastern Daylight Time

1 ... 56 57 58 59 60 ... 3764