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Oasys Announces the First-ever Oasys Special Event in Kyoto; New titles and verses by global gaming giants to be showcased

Oasys

SINGAPORE - Media OutReach - 31 May 2023 - Oasys, a gaming-optimised blockchain, today announced its inaugural Oasys Special Event in Kyoto. The conference is scheduled for 28 June 2023 at the historic Nijo Castle, and will be held as a side-event to one of Japan’s largest startup conference, IVS Crypto 2023. The event promises to reveal project updates, new gaming titles and Verses from global gaming giants. This conference is held during the height of the Japan Blockchain Week, an event supported by Japan’s Ministry of Economy, Trade and Industry, which also supports IVS Crypto 2023. With over 2,000 attendees expected, the event agenda will spotlight game updates and announcement presentations from industry leaders and innovators in the gaming, technology and entertainment sectors. Daiki Moriyama, Director, Oasys, said: “We are thrilled to announce our first-ever Oasys Special Event. This conference will provide a forum for the gaming industry to showcase their forthcoming gaming titles and Verses, and their venture into blockchain. As a game-specific blockchain, we see the necessity of a dedicated occasion to celebrate blockchain gaming, enabling the industry to explore the full potential of blockchain-powered gaming. This event goes beyond the play-to-earn hype, shedding light on the impact of this technology on gaming architectures and user experiences.” In addition to main stage game presentations, the Oasys Special Event will also feature special installations by “teamLab,” an international art collective celebrated for their work at the intersection of art, science and technology; along with a DJ booth by Shinichi Osawa, one of Japan's leading musicians. The official agenda commences at 7:00 PM JST. Daiki Moriyama further added: “Japan is an ideal location for our inaugural event. As a project initiated in Japan, we have directly witnessed the innate vitality of Web3 in Japan first-hand. With its deep cultural influence, dynamic community of game developers, progressive governmental initiatives, and a vibrant gaming ecosystem, Japan is poised to lead the blockchain gaming revolution. Oasys remains committed to supporting this growth and will continue to collaborate with gaming industry leaders to realise the unique potential of Japan and blockchain gaming.” Since its launch in December 2022, Oasys has revolutionised the way gamers and developers create and interact on blockchain, supporting about 20 games in its ecosystem. In less than a year, Oasys has forged strategic partnerships with leading players in gaming, entertainment and technology industry, including MIXI, NEXON, KDDI, SoftBank, DMM, and YGG Japan. Oasys continues its mission to bring blockchain gaming to the world by forging strategic partnerships and releasing an extensive pipeline of ecosystem updates, titles and Verses. The event is open exclusively to IVS Crypto 2023 participants and Oasys’ invited guests. For more information and updates on the first edition of the Oasys Special Event, please follow the official Twitter page. About Oasys Oasys was established in February 2022 to increase mainstream play-and-earn adoption, and at launch, committed to partnering with 25 gaming and Web3 tech companies to act as validators, such as Bandai Namco Research, SEGA, Ubisoft and Yield Guild Games. Led by a team of blockchain experts and joining forces with the biggest gaming company names to serve as the initial validators, Oasys is revolutionising the gaming industry with its Proof-of-Stake (PoS) based blockchain. With a focus on creating an ecosystem for gamers and developers to distribute and develop blockchain-based games, Oasys solves the problems game developers face when building games on the blockchain. The trifecta approach of the fastest network powered by the gaming community, a scalable network powered by AAA game developers and the blockchain offering the best user experience with fast transactions and zero gas fees for users, readies participants to enter the Oasys and play. More information on Oasys is available at: Website: https://www.oasys.games Twitter: https://twitter.com/oasys_games Discord: http://discord.gg/oasysgames Contact Details Vanessa Low oasys@wachsman.com Company Website https://www.oasys.games/

May 30, 2023 11:20 PM Eastern Daylight Time

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Multnomah County Partners with Comcast to Announce $4 Million in Grant Packages to Local Small Businesses

Comcast Washington

Today, Comcast announced it will award grant packages to 100 small businesses in Multnomah County including those owned by women, people of color, and individuals committed to uplifting their local communities. Expanding on the foundational work by Multnomah County to provide relief funds to small businesses impacted by the COVID-19 pandemic, Comcast will award grant packages valued at $40,000 to 100 small business owners. The grant package will include business consultation services, educational resources, a monetary grant, creative production, a media schedule, and a technology makeover. From June 1-30, eligible small businesses in Multnomah County can apply for the Comcast RISE program at www.ComcastRISE.com. Winners will be notified in August. Local small businesses seeking more information about the Comcast RISE grants, may learn more about the fund, eligibility requirements, and how to apply by watching this video. Multnomah County is one of five metropolitan areas selected to award the grant package to 100 local businesses, including Baltimore, Detroit, Memphis, and Philadelphia. These recipients join the 13,000 entrepreneurs nationwide who have been selected as Comcast RISE awardees since the program launch in late 2020. “Among the many things we all love about the Portland Metro area is our vibrant small businesses and Comcast is committed to supporting them,” said Marion Haynes, vice president of external affairs, Comcast Pacific Northwest Region. “Unprecedented challenges are facing these small businesses, especially those owned by women and people of color, which are at greater risk in today’s uncertain economy with inflation and rising costs. That is why we encourage small business owners to apply for the Comcast RISE program. The grant may cover any need to help your business survive and thrive.” “Beyond the many things that make Portland so special is our small business community,” said Andrew Hoan, president and CEO of the Portland Business Alliance. “Comcast RISE is a great opportunity for small business owners who want to invest in themselves and create a more dynamic city. We're proud to partner with Comcast to promote this program and encourage all small businesses in Multnomah County to apply.” "Hacienda supports entrepreneurs year-round with technical assistance and connection to resources as they work to start or grow their businesses,” said Ernesto Fonseca, CEO of Hacienda CDC. “We are thrilled to partner with Comcast to help spread the word about Comcast RISE and make sure small businesses know about this opportunity and submit an application." “APANO is excited to participate in this year’s RISE! We would like to express our thanks to Comcast for investing in small businesses and entrepreneurs,” said Duncan Hwang, Community Development Director at APANO. “These small businesses—especially those owned and run by Asian American, Native Hawaiian, and Pacific Islander Oregonians—are the backbone of our community. Over the last few years, too many have been impacted by both the pandemic and hate and bias incidents. This opportunity will support them in coming back stronger than ever.” Comcast RISE stands for Representation, Investment, Strength and Empowerment. Comcast RISE was created in November 2020 to help small businesses hardest hit by COVID-19, from bakeries and barber shops to childcare centers and cleaning services, the grants needed to survive and recover. The program will evolve from helping businesses survive the pandemic, to helping businesses and their communities thrive with a focus on economic growth. All eligible applicants will receive a monthly Comcast RISE newsletter with educational content, and all small business owners can visit the Comcast RISE destination on the X1 platform featuring aggregated small business news, tips, insights, and more. Just say “Comcast RISE” into the X1 voice remote. Comcast RISE is part of Project UP, the company’s comprehensive initiative to advance digital equity and help build a future of unlimited possibilities. More information on eligibility requirements and how to apply for the grant program are available at www.ComcastRISE.com. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Rachael Arnold Rachael_Arnold@Comcast.com Company Website https://oregon.comcast.com/

May 30, 2023 01:23 PM Pacific Daylight Time

News Release

Fernhill Corp discusses bullish potential of digital asset trading and NFTs on Web3 platforms

Fernhill Corp

Fernhill Corp chairman and CEO Chris Kern joins Natalie Stoberman from the Proactive newsroom to share how the company develops Web3 enterprise infrastructure for digital asset trading and NFT marketplaces. Kern says Fernhill offers a digital asset trading platform that connects multiple exchanges and provides trading tools to users through its acquisition of MainBloq. The company has also built a platform called DigXNFT for NFT tokenization and marketplace transaction. Despite the decline in NFT popularity, Kern says Fernhill remains bullish on the technology due to the vast potential in tokenizing alternative assets. He says he anticipates the growth of NFTs and tokenization in the coming years, particularly with institutional adoption, pending the establishment of regulatory frameworks. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

May 30, 2023 02:01 PM Eastern Daylight Time

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CyTaka CEO Unveils Artificial Intelligence Technologies that Could Help Train Hackers in the Field of Cyber

CyTaka

Doron Amir, CEO of CyTaka (the World Cyber Championship), unveiled the next thing in cyber technology: a machine that integrates artificial intelligence (AI) that will enable creating simulations of new cyber attacks and could be used to train cyber professionals: "In the near future, we might see cyberattacks against which we have no defense" Doron Amir: "I have a great suggestion for Elon Musk: The space infrastructures he is building might very well be better suited for cooling quantum computers rather than for space tourism". There is no doubt that the machines will beat the humans. The only way to control the situation is with a game changer such as the quantum computer, which could definitely be a crucial instrument in defense and thwarting cyberattacks. Amir cautions: "The age of machines is underway. We must expedite the race to quantum computing, otherwise the machines might rise up against their creators. This could happen as today's computers are not protected in a way that can cope with machines equipped with AI. "If quantum computing is not functional in the next few years, we will see AI-based cyberattacks against which we will not be able to defend ourselves using existing technology in the civilian and business markets. Such cyberattacks could make much more damage than anything we now know, including the harming human life due to the use of smart technology in our vehicles, aviation and health industries." Fluid and Crystalized Intelligence in AI. Amir recounts that a couple of years ago, when his company started to develop a machine that could simulate cyberattacks for the purpose of training cyber professionals, they discovered that their work was cut out for them, and that it was more complex than they initially thought. "The first version showed us by the results that the machine behaved with crystalized intelligence (it could only cope with problems it had previously encountered or that were similar to patterns it was already familiar with). Actually, the new generation of Cyber Security needs to understand and be ready to handle new cyber security cases which never happened before. This is why we developed the fluid intelligence module to our machine. (Giving us the ability to cope with new problems)," explains Amir. "Unlike humans, who lose their fluid intelligence as they grow older, the machine has no biological limitations, and therefore, its fluid intelligence gets better over time, as its computing power continues to increase." ‘Moore’s Intelligence’ is a term that Amir coined based on Moore's Law. According to Amir, there is direct correlation between computational power and fluid intelligence in the world of AI. "In order to simulate fluid intelligence, we engaged young people whose fluid intelligence is at its peak, who work in the fields of software, information security and cyber. The idea was to identify people who have a proven record in dealing with new security problems. We met these hackers at the cyber championships held around the world, where we witnessed the very best minds solving cyber challenges using various methodologies and tactics. After studying these methodologies and tactics, we found they were different from one hacker to the next and that hackers from different countries cope with the same cyber challenges differently, both in terms of offense and defense. "As we could not find a fluid intelligence cyber module, we created our own module by gathering data and techniques from all around the world. We held cyber competitions in Israel, USA and of course, the World Cyber Championship was held in United Arab Emirates (UAE), which allowed us to host cyber professionals from countries that do not have diplomatic relations with Israel." Amir says that the main challenge in the final round of the World Cyber Championship produced by CyTaka in Dubai, was to hack a drone located in Israel, manipulate it to take a photograph from the air of a secret code positioned in a hidden place, and then to send this code back to the Competition Judges on the main stage in GISEC Global in Dubai. The event was held in partnership with the Cyber Security Council (UAE) together with the respectful H.E. Dr. Mohamed Al Kuwaiti (Head of Cyber Security UAE Govt). Only after an hour, (when the allotted time and the time extensions were over) a professional hacker from Tunisia completed the mission. "In comparison, our machine managed to solve the challenge in under 7 minutes," says Amir enthusiastically. ‘Terminator’ Comes to Life "Today, competitors in our cyber championships can use our machine to practice before the competition starts. In the near future, we will hold cyber competitions where not only machines compete against human hackers, but against other machines." Amir notes that there is room for concern, as there is no doubt that the machines will beat the humans. He says that the only way to control the situation is with a game changer like the quantum computer, which could definitely be a crucial instrument in defense and thwarting cyberattacks. "The quantum computer already exists in terms of feasibility, and one can travel to Singapore for a demonstration (if you get invited to see this wonder). One of the problems today putting the computer to use in the industry is the tremendous amount of energy required to cool the system to -273° Celsius (the absolute zero -273.15° C). "The solution to the extreme temperature requirements might be found in the ability to use the space platform, where the required temperature can occur naturally." "I have a great suggestion for Elon Musk” says Amir. “The space infrastructure he is building might very well be better suited for cooling quantum computers rather than for space tourism." https://www.cytaka.com/ CyTaka is lead by Doron Amir (Israeli Cyber entrepreneur) promoting a global activity in the world for building bridges between various nations, with an emphasis on encouraging high-tech education and employment in a wide range of sectors globally.Together with simulations of cyber cases and defense, we give the opportunity for programmers and cyber experts to prove information security skills no matter where they come from or where they were born. Contact Details LAPIDOT Srategy & Communications LTD MERAV LAPIDOT +972 54-288-8808 merav@goldfinger-lapidot.com Company Website https://www.cytaka.com/

May 30, 2023 12:10 PM Eastern Daylight Time

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NAVEX Announces AI-Powered Compliance Assistant

NAVEX Global

NAVEX, the leader in integrated risk and compliance management software, today announced NAVEX Compliance Assistant. The initial release of this new AI-powered functionality will offer instant answers to employee questions regarding company policies and procedures delivered in natural language. This functionality makes an organization’s compliance program more accessible and personal for all employees. As part of the NAVEX One GRC Information System, employees interact with NAVEX Compliance Assistant by asking it questions in their own words. The AI-powered Compliance Assistant then searches through a company’s policies and procedures to present a comprehensive answer to the employee’s inquiry. Compliance Assistant applies Large Language Model (LLM) technology to customer-controlled document sets for maximum relevance and accuracy. NAVEX’s secure cloud infrastructure protects document and data privacy. Rich NAVEX Integration Ensures Ease of Use and Data Security The AI-powered NAVEX Compliance Assistant is seamlessly integrated into NAVEX One People Hub, a unified, simplified way for employees to engage with the compliance program. Through People Hub, employees can conveniently report incidents, confirm policy adherence, complete training and disclose information within a user-friendly interface accessible on mobile devices. With the addition of Compliance Assistant, employees, and other authorized parties, can quickly clarify how to follow specific procedures and policies that apply to them. NAVEX Compliance Assistant offers a range of features tailored to meet the needs of organizations of all sizes, including: Intuitive chat interface: Employees can query the system with natural language questions about a policy or procedure of interest and receive prompt, accurate responses. Multilingual access: Users can ask questions and receive answers in 70 languages. Find relevant policies: Employees can easily search for and access relevant, verified policies and procedures, eliminating time-consuming manual searches or the need to reach out across departments to source an answer. Responsive access anywhere: NAVEX Compliance Assistant is accessible via the web and mobile devices, helping employees access critical compliance information from anywhere. Uncompromising privacy and security: NAVEX is committed to safeguarding all data within the systems it manages, including policy and procedure information and employee queries through Compliance Assistant. “Successful organizations turn governance, risk and compliance management into a competitive advantage. It helps prevent mistakes, motivate employees, and promotes confident decision-making,” said Sean Thompson, Chief Executive Officer at NAVEX. “In my years of experience with natural language user interface technology, incorporating it into a GRC program is one of the most exciting applications. Our new AI-enabled Compliance Assistant makes engaging with the compliance program simpler and more intuitive, which in turn makes employees more confident users of the system.” Expert point of view The adoption of AI-powered technologies to facilitate access to compliance-related information can bring great benefits. “Giving employees the ability to quickly and accurately access company policies and procedures fosters a culture of trust and safety with regards to risk mitigation. It also makes the whole process more efficient," said Darren Bradshaw, Chief Audit and Compliance Officer of Stellantis, a multinational automotive company on a journey of transformation into a sustainable mobility tech organization. Stellantis, as a customer of some NAVEX applications, plans to partner with the company to test the usability of this new application. To learn more about the AI-powered NAVEX Compliance Assistant, visit https://www.navex.com/en-us/products/navex-ethics-compliance/ai-employee-compliance-assistant/. Or, read our blog, “ Artificial Intelligence – The Next Frontier of GRC Management ” on Risk & Compliance Matters. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Scott Levesque +1 617-388-5773 scott.levesque@navex.com Company Website https://www.navex.com

May 30, 2023 08:30 AM Eastern Daylight Time

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News Release

Esker's cloud platform for financial and customer service sectors growing beyond Europe and the US

Esker SA

Esker chief operating officer Emmanuel Olivier joins Natalie Stoberman from the Proactive studios to discuss how the company's expertise in software and its global cloud platform for the financial and customer service sectors have been expanding throughout Europe, North America and beyond. Olivier says Esker helps clients digitize and automate their back-office functions by eliminating paper processes and leveraging AI technology for increased efficiency. He adds that Esker aims for consistent organic growth of around 15% annually, prioritizing sustainable expansion and profitability to provide integrated solutions for its customers. While headquartered in France, Olivier says the company has focused on the US market for business development that has been contributing over 40% of its revenue. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

May 29, 2023 01:45 PM Eastern Daylight Time

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News Release

“Smart Cars” Cepton looking to use its patented lidar technology in the automotive industry

Cepton Inc

Cepton Inc chief financial officer Hull Xu joined Steve Darling from Proactive to share news about the company that is using it lidar-based solutions in a number of industries including automotive, smart cities and smart industry. Xu told Proactive more about the company’s technology and also how the technology makes smart cars even smarter with embedded software, including cybersecurity, over-the-air updates, functional safety and multiple custom features. The company has been awarded a series production program by General Motors and Cepton is currently in the execution phase and plans to start production by the end of this year. It is also engaged with other top global OEMs and is exploring opportunities in markets like smart cities, autonomous warehouses, and security. Contact Details Proactive Investors +1 604-688-8158 na-editorial@proactiveinvestors.com

May 29, 2023 01:41 PM Eastern Daylight Time

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Laos Government to Promote Digital Transformation with Blockchain Technology

MetaBank

The Laotian government and blockchain experts held the first Ministerial Conference on Blockchain 4.0 Digital Transformation on May 26, 2023, at the National Convention Center in Vientiane, the capital of Laos. The conference, chaired by Laotian Prime Minister Sonexay Siphandone, was attended by leaders from the main economic departments. The meeting primarily discussed how to advance the digital transformation of Laos using digital technology, and for the first time, presented the theory of Blockchain 4.0 to the world, advocating for open collaboration and global co-construction, and boosting Laos' potential to be a builder and beneficiary of the global digital world order through national digital operations. Prime Minister Sonexay Siphandone stated that in order to achieve the ninth five-year plan for national economic and social development, Laos must vigorously develop and utilize blockchain technology to digitize various government tasks and apply it extensively to administrative management and public services. The Laotian Minister of Technology, Boveingkham Vongdara, said that Laos faces opportunities and challenges brought about by Industry 4.0 and needs to use blockchain technology to transform production and service methods. To promote the digital transformation of Laos, the Ministry of Technology has signed a cooperation agreement with Singapore's MetaBank, planning to establish a blockchain technology research and development center and develop talents. The conference set goals for Laos's digital economy development, including utilizing digital technology to create new fiscal revenue, increase foreign exchange reserves, reduce inflation, achieve sustainable economic growth, improve living standards, and enhance international competitiveness in the short term. The meeting also proposed the establishment of a Blockchain Technology Transformation Committee, responsible for the legal compliance and legislation related to the digital economy. Experts attending the meeting stated that blockchain technology could help developing countries achieve "leapfrog development". Building a digital nation is divided into four stages: deploying digital infrastructure, deploying cybersecurity infrastructure, supporting the digitalization of various industries, and building a "digital brain". Developing countries should focus on open collaboration, use borderless blockchain technology to attract talents, and create "netizen citizens". Professor Bill Roscoe shared his perspective, asserting that blockchain technology serves as the driving force propelling us towards a digital civilization. How can ordinary people accept or understand the digital world? It needs to be promoted through the introduction of products and services. Specifically, a controllable platform is needed to ensure that citizens, enterprises, and the government abide by laws and regulations. Blockchain can establish a very effective platform and achieve the best balance and integration between different applications and jurisdictions through the integration of new languages and technologies. "Digital civilization is the inevitable path for the future development of society, and blockchain will become the 'cornerstone' of building digital civilization." MetaBank's founder and chairman, Frank Sui, believes that blockchain technology can help developing countries "overtake on a bend". MetaBank's mission is to serve as the leading solution partner for developing countries using blockchain technology, accelerating the transformation of developing countries towards digital civilization, improving the GDP and living standards of developing countries, and building a digital civilization on the three main pillars of digital financial infrastructure, digital asset tokenization platform, and digital society. Blockchain expert Zhu Jiawei believes that the construction of a digital nation has entered the fourth stage. Developing countries should focus on open collaboration, use universal borderless technology, attract technical talents, and create "netizen citizens". When Zhu Jiawei attended the Blockchain 4.0 Conference, he discussed the construction path of a digital nation, which is divided into four levels: (1) deploying digital science and technology infrastructure, (2) deploying physical and cybersecurity facilities to safeguard the development of the digital economy, (3) supporting the digitalization of various industries to keep up with the pace of the times, (4) building a digital brain through artificial intelligence technology to realize intelligent management from cities to national level. D11 Labs co-founder Lily Zhang believes the world is in the midst of the fourth open revolution, with openness, co-construction, sharing, prosperity, and new order as keywords. Laos can use blockchain technology to gain a development advantage and achieve leapfrog development. Laos should become the first country in the world to fully transform digitally, redefine its role in the global order, gain order-setting advantages, and help improve the lives of the Laotian people. The Lao government is determined to transform through blockchain technology, demonstrating the importance of the digital economy. This conference reflects the foresight and determination of the Lao government in the development of the digital economy. The government will play a key leadership role, establish a national digital transformation committee, and promote and supervise the implementation of related policies. Laos welcomes all sectors to participate in the development of the digital economy. In the future, Laos will become a model of blockchain technology application, leading the development of the new digital society. Contact Details Jasmine +65 8302 6504 jasmine@dethings.com Company Website https://www.metabank.com.sg/

May 29, 2023 06:00 AM Eastern Daylight Time

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UAT Group Strategic Partner Next Casting Receives Patent

Umbra Applied Technologies Group, Inc.

Umbra Applied Technologies Group, Inc. (UAT Group) (OTC: UATG ) - UAT Group strategic partner Next Casting Technologies has been issued a patent for technology it developed for use in its advanced SmartCast, IntelliBrace and BioSplint products. Filed in December of 2017, this patent was one of four patents that had been pending. The Company anticipates remaining patents being approved over the next ten to twelve months. Next Casting Technologies (NCT) has begun the process of commercializing proprietary technologies which will positively impact people’s lives and increase value through a unique and diverse product line. The SmartCast Application allows the casting technician to slip the SmartCast around the affected limb and position to ﬁt by using a simple “mold and hold” technique. Lastly, the cast is activated by pressing the button to initiate the curing process. Within 4 minutes that cast is hardened, fixed in place and is not dependent on the technician’s artistry, or lack thereof. The results are a predictable standard of care across the patient spectrum. The end result is a completely waterproof, antimicrobial, orthopedic cast, that is time saving for clinicians and a superior standard of care for patients. UAT Group’s Chief Executive Officer Alex Umbra, stated, “This marks a significant step forward for NCT. Having the appropriate measures in place to protect intellectual property enables the Company to begin evaluating production schedules, supply chain resources and fulfillment execution strategies. I look forward to working with the NCT team in the near-term future as they begin their ramp up.” UAT Group has a 26% equity interest in NCT. For more information about NextCast go here: https://nextorthocast.com/ For more information about UAT go here: http://umbraappliedtechnologies.com/ About Umbra Applied Technologies Group, Inc. The firm is located in Tampa, Florida and focuses on advanced technologies across many disciplines. UAT Group is a holding company with interests in both public and private companies during the early stages of development as well as growth stages of companies with a synergistic business model to UAT Group subsidiaries. For more information, visit: www.uatgroup.com Investor and Media Contact: info@uatgroup.com NEITHER THE SECURITIES EXCHANGE COMMISSION NOR ITS REGULATION SERVICES PROVIDER ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE. Forward-Looking Information This news release may include "forward-looking statements" including forecasts, estimates, expectations, and objectives for future operations including but not limited to its ability to conclude a business combination with a third party, sale of assets, return of capital or initial public offering and a secondary listing on the OTC as a result of aforementioned and its ability to fund the exploration of its assets through the raising of equity or debt capital or through funding by a joint venture partner that are subject to a number of assumptions, risks, and uncertainties, many of which are beyond the control of Umbra Applied Technologies Group including but not limited to capital markets and securities risks and continued development success on technology. There can be and are no actual or implied guarantees that any of the above activities will be completed or completed on terms acceptable to the Company and its shareholders or approved by any regulatory authority having jurisdiction. Such forward-looking information represents management's best judgment based on information currently available. No forward-looking statement can be guaranteed, and actual future results may vary materially. Umbra Applied Technologies Group does not assume the obligation to update any forward-looking statement, except as required by applicable law. Contact Details UAT Group info@uatgroup.com

May 26, 2023 08:00 AM Eastern Daylight Time

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