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NuggMD is Providing Free Medical Cannabis Evaluations to Veterans on Veterans Day

NuggMD

NuggMD, the nation's leading telemedicine platform for cannabis, today announced that it is providing free online medical marijuana evaluations to veterans from Nov. 7 to Nov. 11. Rates of PTSD range from 10% to 30% among war-time vets and 31% struggle with chronic pain. Additionally, according to the U.S. Department of Veterans Affairs, fewer than 50% of veterans in need of mental health treatment end up receiving it. While cannabis remains illegal federally, 38 states and several U.S. territories have legalized cannabis used to treat qualifying medical conditions, among them PTSD and chronic pain. “Every adult deserves the freedom to use cannabis. That is what we stand for,” said Bobby Brock, vice president of marketing at NuggMD. “We urge our peers in the cannabis industry to use their resources to help veterans, because serving in the armed forces is one of the most selfless, patriotic things an American can do. We also invite policymakers to take seriously the potential that cannabis may have to improve the quality of life of those who choose to enlist, both as they serve and after they return home.” The free evaluations will be offered to all veterans who reside in the 28 markets that NuggMD serves, and who provide valid proof of service and their state-issued identification. The applicable states are listed on NuggMD’s website, and veterans can secure their appointment using NuggMD’s on-demand platform from 8 AM to 10 PM in their local time zone. In addition to providing free evaluations to veterans, the company is also offering a 25% discount to the spouses of veterans, under the same conditions. Since its launch in 2016, NuggMD's affiliated medical cannabis practitioners have helped over two million patients connect with qualified medical cannabis doctors. About NuggMD NuggMD is the nation's leading medical marijuana technology platform, serving patients in Arizona, California, Connecticut, Delaware, Florida, Georgia, Illinois, Iowa, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Missouri, Montana, Nevada, New Jersey, New Mexico, New York, Ohio, Oklahoma, Pennsylvania, Texas, Vermont, Virginia, Washington, and West Virginia. They've connected over 2,000,000 patients face-to-face with their new medical marijuana doctors via their state-of-the-art telemedicine platform. They believe every human being has the right to explore the benefits of medical cannabis and are fully committed to helping each patient explore every option in their journey to wellness. For further information, visit https://www.nuggmd.com. Contact Details Andrew Graham +1 646-385-0189 andrew.g@getnugg.com Company Website http://www.nuggmd.com

October 29, 2024 02:50 PM Eastern Daylight Time

K3 Holdings and Alpine LA Properties Warn of Possible Unintended Consequences of Proposition 33 on Los Angeles Housing Market

K3 Holdings

K3 Holdings, a privately held real estate investment firm with extensive holdings throughout the United States and Alpine LA Properties, a leasing company providing newly remodeled apartments at affordable rates in Los Angeles voiced concern today about debate over California Proposition 33. Proposition 33 moves the decision of rent control laws into the hands of municipalities. While the proposal is intended to support vulnerable renters, via rent control and/or vacancy control solutions, many within the real estate and housing industries are raising concerns about its potential impact on housing availability. As municipalities create new legislation and regulations, many of these policies may have unintended negative consequences, especially for low-income families. Some experts are warning that Proposition 33 may result in fewer affordable housing options and discourage investment in new development, exacerbating the city's housing crisis. “As a property management company with deep roots in the Los Angeles community, we are committed to supporting renters and ensuring the availability of safe, affordable housing options,” stated Michael Kadisha, a Principal of K3 Holdings. “We have long been a resource to local leaders and policymakers, offering insights into the needs of renters and the realities of the housing market, and we look forward to further collaboration.” “While we understand and respect the goals behind Proposition 33, we are concerned that its unintended consequences will be harmful to the very communities it aims to protect. Proposition 33 could reduce the supply of housing options, especially for low-income families, by discouraging new development and forcing out existing property owners. This could exacerbate the housing crisis, not alleviate it,” Michael Kadisha continued. “By making it financially untenable for real estate owners and developers to operate, this proposal may inadvertently limit the number of available homes, leading to fewer choices for renters and higher prices in the long term,” Nathan Kadisha a K3 Principal added. “Surely this is not what local leaders, and the community is intending with these proposals.” “Our goal is to remain a partner in crafting balanced, effective housing policies that protect renters while also ensuring a healthy, sustainable housing market. We stand ready to work with city leaders to find solutions that benefit both renters and property owners alike,” Nathan Kadisha continued. While K3 does not endorse or reject any specific legislation and refrains from political involvement, its sole focus remains on building strong communities and helping renters thrive. About K3 Holdings and Alpine LA Properties K3 Holdings and Alpine LA Properties are committed to creating strong, vibrant communities through thoughtful property management and a focus on fostering neighborly connections. By hosting community events and providing quality living spaces, we strive to make our neighborhoods places where residents feel a sense of pride and belonging. ### For more information or to schedule an interview with a K3 spokesperson, please contact Dan Rene at 202-329-8357 or dan@danrene.com Contact Details K3 Holdings/Alpine LA Properties Dan Rene +1 202-329-8357 dan@danrene.com Company Website https://k3holdings.com/

October 29, 2024 02:00 PM Eastern Daylight Time

TRON Returns to Nigeria for TRON Connect Africa Community Event

TRON DAO

Geneva, Switzerland,October 29,2024 – TRON DAO brought together students and industry professionals for a day filled with discussions, networking, and educational sessions at the TRON Connect Community Event in Uyo, Nigeria. Held at the University of Uyo, the event brought together over 200 students from across Nigeria. Program Highlights Educational Workshops: Throughout the event, TRON DAO local community members hosted a series of educational workshops focused on utilizing TRON platforms to provide services that enable individuals to leverage blockchain technology. These sessions explained how TRON’s stablecoin solutions are driving adoption within emerging markets, showcasing real-world applications of blockchain technology in various industries. In addition to this, George Rodriguez, Tron community projects’ Co-founder, spoke about TRON’s Hackathon, which recently closed submissions for its seventh season. HackaTRON attracted builders from around the world to develop decentralized applications (dApps) across five tracks: Builder, Integration, DeFi, Artistry, and Web3. Gaming Tournaments: Tapping into the growing gaming culture in regions like Nigeria and South Africa, the tournament featured TRON-based games, showcasing blockchain’s role in revolutionizing the gaming industry through digital ownership. By engaging students in discussions on owning digital assets and unlocking new opportunities in gaming through blockchain, TRON is helping to shape the future of crypto adoption within the gaming community. Importance of TRON Africa Initiatives TRON’s events in Africa play a crucial role in empowering local communities by increasing blockchain literacy. These events help people understand the fundamentals of decentralized technology, allowing them to explore new ways of improving financial inclusion and creating innovative solutions. Steven Bischoff, a TRON Community Spokesperson, said: “From the heart of Africa to every corner of the globe, TRON remains committed to building a future where blockchain technology is accessible to all.” About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the integration of BitTorrent, a pioneer in decentralized Web3 services, boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of October 2024, it has over 267 million total user accounts on the blockchain, more than 8.7 billion total transactions, and over $16 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens – TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

October 29, 2024 10:37 AM Eastern Daylight Time

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Study Shows PayMedix Lowers Costs and Improves Access to Healthcare for All Members

PayMedix

Today PayMedix announced findings from a longitudinal analysis of member data that shows its zero-interest financing and healthcare payments solution successfully stems the rise in health insurance costs for its employer members by as much as 40% versus the national average. Further, its data revealed that subscribers are less likely to require in-patient hospital care and access care at similar rates across all credit score categories. The findings, part of a review of 2023 data from more than 45,000 active members over a 12-month period, is the most comprehensive analysis of the long-term benefits of PayMedix’s innovative payments solution, first introduced more than 10 years ago. Highlights from the study include: Medical trend beats national benchmarks – according to Milliman’s 2023 study, the one-year and two-year annualized medical trend nationally were 6.4% and 5.4% respectively, in contrast to trend of just 4.0% (one-year) and 3.1% (two-year) for PayMedix member employers What it means: PayMedix member rates are rising at an annual rate that is approximately 40% lower than the national average. Employers who use PayMedix are saving money for themselves and their employees Equitable access to care regardless of credit scores – the PayMedix analysis showed that in 2023, employee members with low credit scores (between 350 – 649) averaged the same number of annual claims as employee members with higher credit scores (between 650 – 850+) What it means: Employers who provide members access to zero-interest financing and flexible payment plans offered through PayMedix allow all employees to access care that fits their means and budgets Lower inpatient utilization – on average, 22% of all insurance claims represent hospital inpatient care, according to Milliman’s 2023 benchmark, but only 14% of PayMedix members’ claims were for in-patient care during the same period * What it means: Lower inpatient utilization keeps costs down for everyone and illustrates how PayMedix contributes to better outcomes. In addition, when looking at claims involving professional care (e.g., visits to primary care, etc.), PayMedix outpaces national benchmarks by 10%, with 48% of all claims vs. 38% nationally. This suggests employees are going to the doctor and avoiding the need for emergent care. * “Our data demonstrates what we have believed all along – together with employers and providers, PayMedix can break the cycle of out-of-control healthcare costs and fix our broken healthcare system by providing guaranteed zero-interest financing for employees and prompt full payments to providers,” said Tom Policelli, CEO, PayMedix. “We’ve shown that over time, PayMedix not only reduces costs, but improves equitable access to the healthcare system. Nearly 25% of PayMedix members would not qualify for commercial credit. We have proven that we can drive down cost for everyone when people can access care when they need it and not when they think they can afford it.” PayMedix provides complete, uncapped financing for all in-network allowed charges that any employee may owe to providers. All employees are automatically enrolled, and PayMedix pays all participating providers in full. The employees each get a simplified consolidated statement (a SuperEOB) each month and can arrange to pay it on terms that fit their budgets. Participating providers, in turn, are simply paid the full employee balance due automatically and therefore have no consumer bill to collect. “Our solution has allowed better access to healthcare for tens of thousands of employee subscribers by making it simpler, more affordable and more equitable,” said Brian Marsella, president of PayMedix. “Add to that the satisfaction and retention of our members, with a NPS score that is three times the industry average and we’re excited about the continued potential for PayMedix.” * Reference: 2023 Milliman Medical Index (MMI) Study. Percentage noted excludes pharmacy claims. 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 with any benefit plan that is using any PPO or HMO network. Contact Details PayMedix Kaitlynn Cooney +1 609-351-5944 kcooney@brodeur.com Company Website https://paymedix.com

October 29, 2024 10:00 AM Eastern Daylight Time

Mooncool Unveils the Long-Awaited TK Pro E-Trike: A New Era in Long-Range Electric Trikes

Rev Up Marketers

Mooncool, a leading name in e-trikes, has announced the launch of the Mooncool TK1 Pro, a powerful new electric trike designed to meet the demand for long-range, comfortable, and high-performance riding. With upgraded specifications and features, the TK Pro is set to revolutionize the e-trike experience, offering riders the blend of power, style, and durability that has become synonymous with Mooncool. Designed for Power, Built for Comfort The Mooncool TK1 Pro is engineered with a 1500-watt peak motor to provide unparalleled torque and speed, ideal for riders tackling both city streets and challenging inclines. Complementing this power is a redesigned 48V, 20Ah lithium battery, offering a significant 38% increase in amp hours over its predecessor and delivering a range of up to 75 miles. This makes the TK Pro the ideal choice for those seeking an electric trike that can go the distance without compromising performance. Features that Matter Beyond its impressive power, the TK Pro is also crafted with rider comfort in mind. Its step-through frame sits just 12.2 inches from the ground, providing easy mounting for riders of all ages. Equipped with a hydraulic suspension fork, wide Kenda tires, and a well-padded comfort seat with backrest, the TK Pro ensures a smooth and comfortable ride. For added utility, Mooncool includes sturdy front and rear baskets, offering ample storage without additional cost. Safety and Control at Every Turn The TK Pro isn’t just powerful; it’s safe. Featuring StarUnion 180mm hydraulic disc brakes, riders can count on reliable stopping power even on steep descents. Additionally, the e-trike includes a parking brake, rear differential mechanism for stable turns, turn signals, and a horn, all designed to enhance rider safety and visibility. Precision Quality with Elite Quality Control Mooncool’s attention to quality is evident throughout the TK Pro. Mooncool is one of the few e-trike brands with the ability to closely monitor production, ensuring that each unit meets the brand’s stringent standards. Every TK Pro is built with a premium alloy frame known for its strength, corrosion resistance, and durability. Specifications at a Glance Battery: 48V 20Ah Lithium Battery Motor: 750W rear motor (peaks at 1,500W) Brakes: StarUnion Hydraulic disc brakes (180 mm rotors) Fork: Hydraulic suspension fork Range: Up to 75 miles Max Load: 450 lbs Wheels: Kenda 20″x3.0″ wide tires Extras: Digital LCD display, headlight, taillight, turn signals Available Now with Special Introductory Offer The Mooncool TK1 Pro is available now in five vibrant colors. For a limited time, early adopters can take advantage of Mooncool’s 30-day return policy and 1-year warranty, ensuring peace of mind with every purchase. With unprecedented demand expected, customers are encouraged to place orders early to secure their preferred color. Discover the TK Pro’s power, comfort, and quality by visiting Mooncool’s official website. About Mooncool Mooncool is a premier brand in electric trikes, renowned for its commitment to quality, innovation, and customer satisfaction. From design to delivery, Mooncool strives to exceed customer expectations, delivering reliable, stylish e-trikes for riders worldwide. For more detail Visit https://www.mooncool.com/ Contact Details Moon Cool Alexandrea Schroeder support@mooncool.com Company Website https://www.mooncool.com/

October 29, 2024 09:21 AM Eastern Daylight Time

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Luftgekühlt Celebrates a Thrilling Tenth Anniversary and Closes Out an Epic 2024!

Luftgekuhlt

To celebrate ten years of the Luftgekühlt event series, focusing on the incredible air-cooled Porsche models and their rich history, the organizers ventured to realize their most ambitious plans to date and enjoyed tremendous success shared with tens of thousands of Porsche fans from around the world. For its tenth season, Luftgekühlt 10 returned to the site of its most memorable event to date to finish the story: Universal Studios Backlot. And The Sequel was even bigger and better than the original. The Luft 10 experience stretched more than a half-mile through the movie sets on the famous Backlot. It incorporated legendary movie locations such as the Court House from Back to the Future, the New York district, Western and Mexico regions, and an entire section that portrayed mid-century Europe. The locations provided the perfect backdrop for Luft’s creative team to present some of the finest air-cooled Porsche road and racing machinery, crafting photographic scenes from around the world. The incredible success of Luft 6 – when the series first took over the Universal Studios Backlot – paired with the promise of an all-new experience made Luft 10 the biggest and most epic event in its ten-year history. More visitors attended than ever before, eager to discover more than 400 cars on display, including a number of legendary “hero” cars strategically placed to provide the perfect photo opportunity. In addition to the main event, the Luftgekühlt team explored new territories in 2024. Taking the show across the Atlantic, they visited Wroclaw in Poland in June and Copenhagen in Denmark in September, recreating the elements that have made Luftgekühlt such a groundbreaking experience for North American audiences. Both European destinations were a huge success, reaching not only enthusiasts from Luft’s previous visits to Germany and the UK in 2018, but also introducing many new enthusiasts to the Porsche brand. A combination of curated “hero” cars, which included some from the Porsche Museum, and registered visitor display cars ensured visitors were exposed to an authentic Luftgekühlt experience on their doorstep. On a smaller scale, the Luft team supported the Porsche Brand Store’s Saturday Tunes event in Stuttgart, Germany on September 28, where a number of historic air-cooled cars were presented in Luftgekühlt style in the center of Porsche’s hometown. The team similarly joined the C hattanooga Motorcar Festival on October 11-13 to showcase a mix of legendary Porsche heritage and motorsport cars in celebration of CMF’s grand marshall; legendary Le Mans, Indycar and F1 driver, David Hobbs. This year, the spotlight fell on the iconic Porsche 935 K4-01 Hobbs drove in the 1982 IMSA GT class. David made a special appearance and joined a panel discussion hosted by Bob Varsha. The event also featured a curated display of enthusiast’s air-cooled Porsches. As if that wasn’t enough, one of the biggest adventures in 2024 for the Luft team was the introduction of its sister-brand, Air|Water. The first ever standalone event took place in Southern California in April after the show had previously existed as an extension of Luft 9 in San Francisco during 2023. While Luftgekühlt is dedicated to the early air-cooled Porsche models, Air|Water embraces both the air- and newer water-cooled Porsche models, allowing fans and owners of every Porsche model to attend and participate. With its inclusive model range and larger venue, Air|Water 2024 surprised visitors and organizers alike with its size and scope, promising a bright future for the new addition to the Luftgekühlt franchise. Throughout its ten years and rapid expansion, Luftgekühlt has been supported by a number of dedicated partners, which have shared the ride and helped make the growth possible. The entire Luft team, led by co-founder Patrick Long and Creative Director Jeff Zwart, would like to thank the partners, fans, followers and car owners for their shared belief; and invite everybody to continue the journey together. Planning for the 2025 season is well underway and the throttle will remain wide open as we race into the new year. More details will be released in due course but Luft fans can look forward to the Holiday Collection, which will be released next month. Sign up to the newsletter at luftgekuhlt.com for the latest updates. EDITOR’S NOTE Images from Luft 10 are available here: dropbox.com/scl/fo/f8dwtwu92d7rpvu9gg2c4/AFdsBxAne49pkofrKpwXkaw?rlkey=pm94tykbpkqyur1njkr8y5h2k&dl=0 Link to Luft 10 recap video: youtu.be/z8EilnSuNW8?si=VRGCDcSSv5D7JCNh ABOUT LUFTGEKÜHLT In the Porsche vernacular, Luftgekühlt represents all the air-cooled cars in the manufacturer’s history, from the Pre-A 356 through the 993 model line, which ended in 1998. A true Porsche happening, Luftgekühlt is an experiential car culture event centered around a tightly curated list of historically significant or interesting cars, both street and race. There is no set formula for our events, but we're excited by cool venues, fun people, and creative expression, so you can bet those elements will always be included. The team strives to develop wild ideas that celebrate the passion we have for all things air-cooled, including exciting collaborations with likeminded people and brands. For more information, visit luftgekuhlt.com ABOUT AIR|WATER From the creators of Luftgekühlt comes the largest single-brand automotive experience to hit Southern California. Embarking on a fresh format that traces Porsche's journey from its inaugural moments to the contemporary masterpieces and most cutting-edge examples of today. For more information, visit air-water.com Contact Details Media Contact media@luftgekuhlt.com Company Website https://luftgekuhlt.com/

October 29, 2024 06:05 AM Pacific Daylight Time

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Mariner Announces Strategic Partnership with Neuberger Berman Capital Solutions

Mariner

Mariner, a leading national financial services firm, announces Neuberger Berman Capital Solutions (NB Capital Solutions) and funds managed by Neuberger Berman Private Markets (NB) have made a significant minority growth investment in the firm. NB joins existing investor Leonard Green & Partners (LGP), which made a minority investment in Mariner in 2021 and will be retaining all its investment in Mariner. Mariner will continue to be led by its Chief Executive Officer and President Marty Bicknell. Mariner is a fast-growing, leading national financial services firm that offers retail and institutional clients a holistic set of wealth advisory solutions spanning financial planning, investment management, retirement planning, estate and tax planning and insurance products. “Mariner is fully committed to building the fiduciary service provider of the future,” said Bicknell. “With this investment and continued partnership, we are confident in our ability to reach new heights in both client service and business expansion as we continue to build a truly holistic financial services firm rooted in the vision of positively impacting the lives of many.” Together with its affiliates, Mariner has more than $245 billion in combined assets under management and advisement. Mariner’s goal remains scaling its national advisor base to 5,000 advisors, a vision that will be achieved through both organic growth—via strategic alliances and referral partnerships—and inorganic growth via strategic acquisitions. The growth capital from NB will help accelerate these efforts, allowing Mariner to further scale its operations and accelerate inorganic growth while staying true to its client-first approach. "We are thrilled to be backing Marty and the exceptional team at Mariner," said David Lyon, Head of NB Capital Solutions. "Marty has built a truly differentiated business that sets the standard for personalized, holistic financial advice. This investment underscores our confidence in Marty's leadership and the entire Mariner team, and we look forward to supporting their continued growth and success as they help more clients achieve their financial goals." Tapping into the capital and strategic support from NB, this growth investment recognizes Mariner’s exceptional position within the wealth management industry, supported by consistently strong net organic growth, advisor recruitment and retention, as well as industry-leading branding efforts. Following the investment, Bicknell will continue to hold majority control of Mariner’s board of directors. NB will receive board representation and LGP, which became Mariner’s first institutional capital partner in 2021, will continue to serve on the board. Each of Mariner’s institutional capital partners further enhances its ability to execute against its aggressive growth goals, serving as a sounding board for new initiatives and adding value through strategic guidance. These relationships will allow Mariner to focus on driving forward its bold vision without compromising operational control or client service standards. Ardea Partners LP served as exclusive financial advisor and Ropes & Gray LLP served as legal advisor to Mariner. Latham & Watkins LLP served as legal advisor to LGP. Cravath, Swaine & Moore LLP served as legal advisor to NB. About Mariner Mariner is a privately held national financial services firm equipped with the experience to meet your modern wealth needs. Our advisors have access to in-house expertise covering everything from tax, estate, trust, and insurance to investment banking and valuation, so they can maximize time spent creating unified wealth plans with clients. By opening more windows of wealth, we create opportunities to positively impact the lives of many. With this purpose, we intend to raise the bar for the entire industry. Founded in 2006 with $300 million in assets under advisement, Mariner and its affiliates now advise on over $245 billion in assets as of 6/30/24. Learn more at www.mariner.com. About NB Capital Solutions NB Capital Solutions provides bespoke capital solutions to private equity-owned companies, enabling sponsors and management teams to achieve long-term strategic objectives. NB Capital Solutions manages ~$8 billion in AUM and has made investments in over 90 companies across its three funds. NB Capital Solutions is part of the Neuberger Berman Private Markets platform, which is a leading global private equity investor with over 35 years of experience that has managed over $115 billion of commitments since inception through June 2024 across various private equity strategies. Its dedicated team of over 400 private markets professionals has a global presence with offices in the United States, Europe and Asia. Over time, our global team has evolved to work in a cohesive and integrated manner across our GP-centric strategies. For more information, please visit www.nbcapitalsolutions.com About LGP Leonard Green & Partners, L.P. (LGP) is a leading private equity investment firm founded in 1989 and based in Los Angeles with over $70 billion of assets under management. The firm partners with experienced management teams and often with founders to invest in market-leading companies. Since inception, LGP has completed over 150 investments in the form of traditional buyouts, going-private transactions, recapitalizations, growth equity, and selective public equity and debt positions. The firm primarily focuses on services, including consumer, healthcare, and business services, as well as distribution and industrials. For more information, please visit www.leonardgreen.com. Contact Details Mariner Remi Yuter RYuter@hotpaperlantern.com NB Capital Solutions / Neuberger Berman Private Markets Alex Samuelson Alexander.samuelson@nb.com Leonard Green & Partners, L.P. (LGP) Leonard Green & Partners, L.P. (LGP) communications@leonardgreen.com Company Website https://www.mariner.com/

October 29, 2024 09:00 AM Eastern Daylight Time

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Aeva Technologies Inks Multi-Year Deal With The Indoor Lab, Growing Its Commercial Momentum And Increasing Revenue Potential

Benzinga

By Meg Flippin, Benzinga In what is further evidence of the growing adoption of Aeva Technologies Inc.'s (NYSE: AEVA) differentiated technology, the maker of advanced FMCW 4D LiDAR sensors inked a multi-year sensor supply deal with The Indoor Lab, a LiDAR perception and analytics solutions company. Indoor Lab operates a LiDAR analytics platform used to improve safety, security and operational efficiency for major U.S. airports, mass transit railways, agriculture, smart infrastructure at theme parks and other large venues across the U.S. and for cities at a broader level, as well. The multi-year agreement marks the first industrial customer production win for Atlas, Aeva’s next-generation 4D LiDAR. Notably, sensor shipments are beginning this month and planned to ramp up in 2025 to support multiple projects at scale, the companies reported. Importantly, this deal can provide increasing near-term revenue opportunity for Aeva ahead of its production launch with Daimler Truck, as well as complement its other production programs such as the one with Nikon and May Mobility. Initially, The Indoor Lab will integrate Aeva’s 4D LiDAR at some of the nation’s largest and most heavy-traffic airports including John F. Kennedy International Airport’s New Terminal One and San Francisco International Airport. The Indoor Lab also plans to use Aeva’s sensors for yet to be disclosed integrations in agriculture and in smart infrastructure at theme parks, cities and other large venues across the U.S. “We have evaluated nearly all time-of-flight 3D LiDAR technologies on the market today and selected Aeva because we see significant advantages in its 4D LiDAR technology,” said Patrick Blattner, founder and CEO of The Indoor Lab. Why Is Aeva Winning In The Market? Aeva’s advanced LiDAR technology uses a low-power continuous laser beam to measure range and velocity at the same time, which it says unlocks new levels of perception by instantaneously discriminating between moving and non-moving points and knowing the precise velocity of objects in motion. The company’s LiDAR technology integrates all key LiDAR components onto a silicon photonics chip in a compact module, which enables a small and scalable solution that the company says opens the door for a variety of automation applications. Under the terms of the deal, Aeva 4D LiDAR will be integrated into The Indoor Lab’s Overwatch Perception Platform, a component of its Enterprise Analytics Suite for Critical Infrastructure. That platform provides data for round-the-clock AI-powered analytics to monitor and manage indoor and outdoor environments. “Aeva is the first to commercialize 4D LiDAR for production at scale and its technology brings crucial advantages to our analytics platform including the addition of instant velocity data and the inherent immunity to sunlight interference,” said Patrick Blattner, founder and CEO of The Indoor Lab. “By selecting Aeva, we have future-proofed our perception analytics platform for critical infrastructure throughout the U.S. and will be able to provide the most comprehensive and advanced solutions for our customers at scale.” Going Beyond The Automotive Market The deal with The Indoor Lab builds on Aeva’s expansion into the industrial and security markets. In late July, Aeva was selected by a top U.S. National Security Organization to help protect critical energy infrastructure sites across the United States. Aeva’s sensors are expected to be the primary detection sensors to protect sensitive locations in various facilities from intrusions, such as water entries and exits and perimeter fences. Aeva says this national defense security organization selected Aeva 4D LiDAR after evaluating multiple sensing technologies, including 3D time-of-flight LiDAR. “Aeva is seeing significant momentum in the market following recent wins in automotive and industrial including our recent selection by a top national defense security organization,” said James Byun, managing director of business development at Aeva. “This key production win with The Indoor Lab solidifies Aeva’s position in the industrial market as the go-to lidar supplier of choice when performance and scalability matter.” It looks like the momentum isn’t ending there for the company. Aeva is also working towards an upcoming launch by the end of 2024 for its industrial metrology and manufacturing automation program with Nikon – the global manufacturer and supplier of metrology and inspection equipment for the industrial automation and metrology markets. Aeva is producing sensors for Nikon industrial machines to inspect objects on manufacturing assembly lines for microscopic defects that can be smaller than the width of a human hair. From protecting the nation’s critical infrastructure to helping large-scale organizations improve manufacturing, safety and efficiency, Aeva is showing how its unique technology is applicable across a diverse range of markets, including automotive, industrial automation, manufacturing and security. With the LiDAR market poised to grow at a CAGR of 19.3% between now and 2030, the company is working hard, making deals and delivering its products to position itself in a leading role in that market growth starting now and through the coming years. Learn more about Aeva Technologies Inc. by checking out its investors deck here. Featured photo by Rocker Sta 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

October 29, 2024 09:00 AM Eastern Daylight Time

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Soccersm Deploys AI-Assisted Prediction Markets on Lisk Protocol

Lisk

Lisk, a leading Layer 2 blockchain dedicated to bringing Ethereum to emerging markets, is announcing its partnership with Soccersm, a decentralized AI prediction markets platform. Soccersm will deploy its AI-assisted prediction markets on the Lisk protocol under a beta program alongside a beta launch of some of its newest features, with plans for a full mainnet launch by the early Q1 2025. Lisk is the first project from the Optimism Superchain to introduce a prediction market on its protocol. Soccersm stands out in the prediction market landscape by integrating AI to assist users in making informed decisions when placing bets. The platform features P2P Betting, also known as Challenge Pools, which is a decentralized betting pool allowing users to stake against each other on the outcome of future events. Additionally, the AI Prediction Agent provides pre-match predictions and recommendations for smarter betting. With over 65,000 users already on its platform, Soccersm is set to leverage Lisk's technology and expand its reach within the thriving Optimism Superchain ecosystem. The platform also offers exciting Casino Games, including the unique Balls Game, Wheel of Treasures, and Raffles, providing fun and profit opportunities for users. "The deployment of Soccersm is a significant step in our evolution,” said Dominic Schwenter, COO of Lisk. “While other platforms have shown the appetite for prediction markets, Lisk will work with the Soccersm team to offer a fully decentralized, permissionless alternative. As a result, we will continue to build a community where users can create and trade prediction markets without relying on centralized intermediaries. I'm excited to see the diverse range of markets our users will establish, from sports outcomes to politics and economic indicators." "We are choosing to deploy exclusively on Lisk because of the protocol's commitment to building in emerging markets like Africa," said Baah Kusi, Co-Founder of Soccersm. "With Lisk, we have greater opportunities to grow and tap into a community eager for innovative prediction market solutions." The partnership between Lisk and Soccersm is poised to drive increased volume and interest in the Lisk ecosystem, providing better access and assistance for individuals looking to participate in prediction markets. For more information, visit Lisk and Soccersm. About Lisk Lisk is a Layer 2 blockchain dedicated to bringing web3 adoption in emerging markets back to Ethereum. By leveraging cost-efficient, scalable, and innovative Layer 2 technology, Lisk enables real-world applications in emerging markets to operate efficiently on Ethereum for the first time. Lisk's founder-focused approach provides a comprehensive ecosystem of startup programs, tooling, seed liquidity, and knowledge bases to support local founders from inception to success. As a long-standing Web3 infrastructure project, Lisk has been contributing towards democratizing blockchain accessibility for developers globally since 2016. As an original member of the Optimism Superchain, Lisk also plays a pivotal role in building the industry’s first truly interoperable supernetwork alongside Optimism, Base, Mode, and Worldchain. For more information, visit us on X and join our network of builders to start building for the real world. About Soccersm Soccersm is a decentralized AI predictions market platform that allows users to stake against each other on the outcome of future events, including crypto prices, politics, football, and pop culture. Users can also access AI predictions and play fun games to win exciting prizes, making the platform unique in the prediction market. With over 65,000 users, Soccersm is poised to revolutionize how prediction markets operate. Contact Details Wahaj Khan wahaj@serotonin.co Company Website https://lisk.com/

October 29, 2024 09:00 AM Eastern Daylight Time

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