News Hub | News Direct

OPPO Brings Inspirational Moments to People through Professional Imaging Technologies at Roland-Garros 2023

OPPO

SHENZHEN, CHINA - Media OutReach - 24 May 2023 - Roland-Garros 2023, the must-attend clay court tennis event, takes place from May 22 to June 11 in Paris. For its fifth consecutive year as premium partner of the tournament, OPPO will once again capture inspirational moments on and off the court using its professional imaging technologies and bring them to tennis fans worldwide. Built on a foundation of shared values, OPPO’s collaboration with Roland-Garros has brought to life the powerful connection between technology and sport, expanding the impact of this exciting sports worldwide over the past four years. OPPO has been using the top-of-the-line professional imaging technologies to capture athletes, fans, and other sparks of excitement on and off the court. As the world's most prestigious clay-court event, Roland-Garros is filled with inspirational moments and spirit that inspires generations of tennis fans to follow their passion with more positivity and confidence. OPPO’s own professionalism and the ability to create products with advanced technology perfectly match the professional performances seen day-in, day-out on the courts. Together with Roland-Garros, OPPO looks forward to empowering fans to better witness, experience, and share precious moments throughout the tournament and bringing the charm of the game to the world at Roland-Garros 2023. Picture Shot on OPPO During the tournament, OPPO will once again host the RG x OPPO Photo Gallery, showcasing inspirational moments captured by OPPO’s latest flagship smartphones including OPPO Find N2 Flip. Through the “Shot of the Day”, OPPO will also continue to bring the best shot or rally to fans through Roland-Garros’s digital platforms every day of the tournament. With its brand proposition “Inspiration Ahead”, OPPO will work closely with Roland-Garros to bring more passion and inspiration to tennis through its world-leading devices and technologies while empowering global fans to better enjoy and participate in this year’s tournament. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 60 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. About ROLAND-GARROS In the eyes of sports fans, and indeed the general public, Roland Garros is an unmissable event. The 2022 tournament was attended by more than 600,000 spectators and was broadcast in 223 countries worldwide, confirming the tournament's status as a first-class international sporting event. Organised by the French Tennis Federation, Roland Garros is the only Grand Slam tournament to be played on clay, one of the oldest and most noble surfaces in the history of tennis. Contact Details OPPO Media Contact press@oppo.com

May 24, 2023 07:00 AM Eastern Daylight Time

Image

Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR): Championing Privacy in the Digital Age

Sekur Private Data, Ltd.

In an era where data breaches and privacy violations are becoming increasingly common, Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) is making waves in the tech industry with its commitment to secure and private communication. The company has recently announced a series of significant developments that not only enhance its service offerings but also demonstrate impressive financial performance. Let's delve into these updates and understand why they are so crucial in today's digital landscape. Sekur Launches Customizable Bundle Packages Sekur Private Data Ltd. has recently unveiled a new set of bundle offerings on its website, Sekur.com. This move marks a significant stride in the company's ongoing efforts to provide robust, privacy-focused solutions to its customers. The new offerings include SekurVPN, a unique solution that stands as the world's first commercially available, non-big tech-powered, Swiss-hosted privacy-focused VPN. This innovative service is a testament to Sekur's commitment to privacy and security, offering users an effective tool to protect their online activities from prying eyes. Customers visiting the Sekur website now have the flexibility to select from SekurMail, SekurVPN, or SekurMessenger as their primary choice. In addition, they can choose any add-on offered for the other two solutions not selected as the primary choice. These add-ons are offered at a discounted price when bundled with any single solution, providing customers with a cost-effective way to enhance their privacy and security. The introduction of these bundle offerings has been met with a positive response from customers. Over half of Sekur's customers have chosen to bundle solutions, demonstrating the appeal of this new offering. Furthermore, at least 30% of new customers are selecting the SekurVPN solution in their bundles, indicating a strong interest in the privacy-focused VPN solution. Alain Ghiai, the CEO of Sekur Private Data, expressed his excitement about this development. He highlighted the benefits of offering all of Sekur's solutions in one place and the potential of customized bundles. As Sekur continues to roll out more solutions, such as SekurVoice, the company plans to use the same custom bundle offerings for all its consumer and business customers. In a world where data is the new oil, SekurSuite is like a fortress that safeguards this precious resource. By offering a suite of tools that prioritize security and privacy, Sekur Private Data Ltd. is addressing the growing concerns of individuals and businesses alike about the safety of their digital communication. SekurVPN: A Stronghold of Privacy in a Connected World Understanding the need for privacy in the digital world, Sekur Private Data Ltd. has introduced SekurVPN, a privacy-focused VPN solution. This service is designed to mask users' IP addresses, providing them with enhanced privacy and protection from potential hackers. The service guarantees no data leakage or sale to third parties, no traffic monitoring, and no requirement for a phone number to register for the service. In a world where privacy is often compromised, the introduction of SekurVPN is a testament to the company's commitment to user privacy. SekurVPN is not just another VPN service. It is a statement that privacy matters and that it should be the norm, not the exception. By offering a service that guarantees no data leakage or sale to third parties, SekurVPN is setting a new standard for privacy in the digital world. As of May 12, 2023, SekurVPN is now available on the Apple Mac App Store. A Remarkable Reduction in Customer Acquisition Cost: A Testament to Efficient Marketing In a significant financial achievement, Sekur Private Data Ltd. has managed to reduce its Customer Acquisition Cost (CAC) by a staggering 79%. This reduction, from US$364 per customer in Q1 2023 to US$74 per customer, has been achieved through optimization and SEO marketing for its Sekur website. The company's goal is to maintain a CAC of US$75 or lower by the end of 2023, and a CAC of US$60 or lower for 2024. This reduction in CAC is a clear indication of the company's effective marketing strategies and its commitment to financial efficiency. This achievement is not just about numbers. It is about the company's ability to attract new customers while keeping costs low. It is a testament to the company's understanding of the market and its ability to effectively communicate its value proposition to potential customers. Impressive Financial Performance: A Reflection of Growth and Stability Sekur Private Data Ltd. has reported a 220% increase in sales for 2022 compared to 2021, ending the year with over 4 million CAD in cash and no long-term debt. The company has also announced a budget of 3.2 million CAD for FY 2023. This impressive financial performance, coupled with the launch of new solutions like SekurVPN, paints a promising picture of the company's future prospects. The increase in sales is a clear indication of the growing demand for the company's services, reflecting its ability to meet the needs of its customers effectively. Ending the year with a substantial cash reserve and no long-term debt is a testament to the company's financial stability and prudent management. The announced budget for FY 2023 indicates the company's commitment to investing in its growth and development. Conclusion In conclusion, Sekur Private Data Ltd. is making significant strides in the tech industry with its commitment to secure and private communication. The launch of SekurVPN, the reduction in CAC, and the impressive financial performance all point to a company that is not only committed to user privacy but also to financial efficiency and growth. These developments are not just about enhancing services or improving financial performance. They are about setting a new standard for privacy and security in the digital world. They are about recognizing the value of data and the importance of protecting it. As we move further into the digital age, Sekur Private Data Ltd. is setting a high standard for secure communication, making it a company to watch in the tech industry. Its commitment to privacy, security, and financial efficiency is a beacon of hope in a world where these values are often compromised. Disclaimer: Spotlight Growth is compensated, either directly or via a third party, to provide investor relations services for its clients. Spotlight Growth creates exposure for companies through a customized marketing strategy, including design of promotional material, the drafting and editing of press releases and media placement. All information on featured companies is provided by the companies profiled, or is available from public sources. Spotlight Growth and its employees are not a Registered Investment Advisor, Broker Dealer or a member of any association for other research providers in any jurisdiction whatsoever and we are not qualified to give financial advice. The information contained herein is based on external sources that Spotlight Growth believes to be reliable, but its accuracy is not guaranteed. Spotlight Growth may create reports and content that has been compensated by a company or third-parties, or for purposes of self-marketing. Spotlight Growth was compensated two thousand dollars cash for the creation and dissemination of this content by the company. This material does not represent a solicitation to buy or sell any securities. Certain statements contained herein constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may include, without limitation, statements with respect to the Company’s plans and objectives, projections, expectations and intentions. These forward-looking statements are based on current expectations, estimates and projections about the Company’s industry, management’s beliefs and certain assumptions made by management. The above communication, the attachments and external Internet links provided are intended for informational purposes only and are not to be interpreted by the recipient as a solicitation to participate in securities offerings. Investments referenced may not be suitable for all investors and may not be permissible in certain jurisdictions. Spotlight Growth and its affiliates, officers, directors, and employees may have bought or sold or may buy or sell shares in the companies discussed herein, which may be acquired prior, during or after the publication of these marketing materials. Spotlight Growth, its affiliates, officers, directors, and employees may sell the stock of said companies at any time and may profit in the event those shares rise in value. For more information on our disclosures, please visit: https://spotlightgrowth.com/disclosures/ The Post " Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR): Championing Privacy in the Digital Age " First Appeared On Spotlight Growth. Contact Details Sekur Private Data, Ltd. Spotlight Growth info@spotlightgrowth.com

May 23, 2023 11:25 AM Eastern Daylight Time

ToolsGroup and illycaffè to Present at Gartner Supply Chain Symposium, June 5-7, in Barcelona

ToolsGroup

ToolsGroup announced today that we are exhibiting at the Gartner Supply Chain Symposium/Xpo 2023 in Barcelona, Spain, June 5-7. The ToolsGroup team gained compelling insights from the Gartner Symposium in Florida earlier this month and is excited to keep this momentum going in Europe. We’re also pleased to announce that one of ToolsGroup’s valued customers, illycaffè, has been selected to present on June 7 (Session SPS34, Room 111 Level P1). The presentation will provide an in-depth view of how the company’s adoption of ToolsGroup Service Optimizer 99+ (SO99+) enables the Italian coffee company to embrace a more holistic planning approach. “illycaffè’s success is a testament to the company’s focus on sustainable practices and to the significant benefits of the probabilistic forecasting method,” said ToolsGroup CMO, Kevin Young. “This AI-driven capability gives companies an in-depth understanding of demand. It allows them to match inventory to customer needs, enhancing the consumer experience while avoiding detrimental excesses. We’re excited to see our partnership with illycaffè continue to flourish and drive profitable, customer-centric business practices.” illycaffè was experiencing steady organic growth, serving customers in 140 countries worldwide and managing a broad product portfolio amid significant disruption. Thanks to ToolsGroup’s AI-powered probabilistic forecasting engine, the company improved and accelerated its forecasting and planning processes. With SO99+, illycaffè has the speed, data insights, and maneuverability to plan and manage inventory sustainably while supporting business growth and satisfying customers. The company’s long-time partnership with ToolsGroup helped it deliver a superior consumer experience, even in the midst of the pandemic, and continues to sustain its high standards for customer satisfaction and efficient inventory management across its network. Interested in learning more about ToolsGroup’s solutions? Book a meeting here and stop by booth #113. About Gartner Supply Chain Symposium/Xpo™ Gartner Supply Chain Symposium/Xpo conference delivers must-have insights, strategies and frameworks for chief supply chain officers (CSCOs) and supply chain leaders to think big and drive real impact within their organizations. Join a global community of CSCOs and supply chain executives in 2023. For more information visit: https://www.gartner.com/en/conferences/emea/supply-chain-spain About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details MKPR Meir Kahtan +1 917-864-0800 mkahtan@rcn.com ToolsGroup Mark Gallant +1 978-808-0123 mgallant@toolsgroup.com Company Website https://www.toolsgroup.com

May 23, 2023 09:30 AM Eastern Daylight Time

Image

Showtime: World’s first personalized human video platform Gan.ai raises $5.25M helping brands drop tailored video campaigns

Gan.ai

Brands have been able to personalize text, images and audio in their marketing campaigns for years and with the onset of AI resources, this has helped them scale their work. Today, Generative AI video platform Gan.ai is announcing a $5.25M seed funding round as they breach the final frontier of personalizing video for mass marketing campaigns. The funding round was led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program with participation from Emergent Ventures and other angel investors. With Gan.ai’s studio-quality video personalization software, brands simply need to record a video once, add dynamic keywords to a script, and Gan.ai will generate millions of hyper-customized videos in one click. Businesses can also create personalized landing pages with Gan.ai and deliver videos via preferred communications platforms, enabling specific interactions with users and tailored call-to-actions. The platform integrates with Shopify, Calendly, Stripe, Salesforce and Hubspot for businesses to create unique shopping and payment experiences also. Moreover, Gan.ai’s end-to-end solution also provides businesses with granular customer insights and video performance analytics. Gan.ai was founded in March 2021 by Suvrat Bhooshan and is headquartered in California, US. Suvrat previously worked at Facebook AI Research (FAIR) having completed his masters degree in computer science from Stanford University. His deep-learning papers have been published and cited over 300 times. Today, they are a team of 35 with a leadership team that includes Anupreet Singh as Chief Revenue Officer and Kushaagra Goyal as Chief Technology Officer. Anupreet Singh was US and Europe lead at Mettl (acquired by Mercer) and scaled up business from zero. Most recently, he was the GTM leader at Slintel (acquired by 6sense), where he achieved 0-$5M ARR in just two years. Kushaagra Goyal, leads the development of their disruptive generative AI technology. He has five years of experience working at Databricks, Rubrik and Samsung. He has published over ten patents in this field. Gan.ai is solving a pressing need for businesses as video becomes the go-to means in engaging users. The amount of online video people are watching has almost doubled since 2018, and an overwhelming 86% of businesses use video as a marketing tool. However, creating videos can often be a time-consuming process which lacks personalization when it comes to targeting a large audience. Suvrat Bhooshan, Founder and CEO of Gan.ai commented: “We’re empowering marketing teams around the world to generate a higher return on investment for video campaigns. Imagine a food delivery company being able to send a personalized video from a brand ambassador, addressing its customer by name and how they enjoyed items in their last order, or a clinic reminding a patient to book a follow-up appointment. This hyper-personalization leads to much higher conversion rates vs other static forms of communications. With Gan.ai, businesses will be able to scale their video personalization process while seamlessly integrating it with existing workflows. We’re excited to grow our operations with the new funds, and expand our sales and engineering teams across US and India,” he said. Gan.ai boasts a global customer base that includes brands such as Samsung, Zomato, vivo and gaming platform Mobile Premier League. In the US, Gan.ai has been used by some of the biggest brands including the largest chain of optometry and ophthalmology clinics, EyeCare Partners. “We record videos with influencers and celebrities, and now with Gan.ai, when they call out your name and tell you to take a personalized call-to-action the results are astounding. We saw a 5x increase in our Video Completion Rate, 3x increase in open rates, and 1.5x increase in our Click-Through-Rate," said user Tejnoor Grover at gaming platform Mobile Premier League. At TechCrunch Disrupt 2022, Gan.ai was one of the 200 technologies of the future. They have also been inducted into Stanford University’s prestigious StartX cohort in 2023. About Gan.ai Gan.ai is on a mission to democratize personalized video creation by allowing brands to customize videos for their customers using AI. Gan.ai helps organizations enhance the video creation process and reach out to their audience effectively by making personalized landing pages for customers and delivering customized videos via preferred communication platforms. It empowers organizations to generate a higher return on investment (ROI) for campaigns. For more information on Gan.ai, visit https://gan.ai/ or follow the team on LinkedIn. Contact Details Gan.ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://gan.ai/

May 23, 2023 09:00 AM Eastern Daylight Time

Image

UA Multimedia Appoints Huan Nguyen as New CEO

UA Multimedia, Inc.

UA Multimedia, Inc. (OTC: UAMM), a technology holding company and solution provider specializing in the areas of information technology, blockchain and artificial intelligence, today announced the appointment of Huan Nguyen as its new Chief Executive Officer. Huan Nguyen will replace Michael Lajtay, who resigned from the Company as its interim CEO, to lead UA Multimedia in its next growth phase. Mr. Nguyen graduated from Oklahoma State University in 1981 with a Bachelor of Science in Electrical Engineering, served 30 years in the Navy and retired as a Rear Admiral. A career Engineering Duty Officer, he has commanded at various levels including Flag Officer assignment as Deputy Commander, Cyber Engineering. Mr. Nguyen also earned a Master of Science degree in Electrical Engineering from Southern Methodist University, Master of Science Engineering from Purdue University and Master of Science in Information Technology with highest distinction from Carnegie Melon University. Mr. Nguyen is an innovator, motivational speaker and board member on several start-up technology companies. He also spends time serving as mentor for Asian-American. He has created an endowment at Oklahoma State University to support education in the fields of Science, Technology, Engineering, and Mathematics (STEM). Mr. Nguyen will lead UA Multimedia to further grow in the areas of information technology, blockchain and artificial intelligence through organic growth as well as via mergers and acquisitions. The effort will begin with the investment in a technology company specializing in integrating artificial intelligence into logistics and supply chain management systems to reduce cost and improve efficiency. Additional information regarding the transaction will be provided in the upcoming days. UA Multimedia director Michael Lajtay said: “We are delighted to welcome Huan Nguyen as our new Chief Executive Officer. Mr. Nguyen is a values-driven leader who has a strong background in technology and management. He has extensive experiences and exceptional strategic capabilities that will be instrumental in leading our company in its expansion initiatives. We look forward to Mr. Nguyen realizing the full potential of UA Multimedia as a key solution provider, which delivers long-term growth and value for all its shareholders.” Nguyen commented: “I am excited to join UA Multimedia as its new Chief Executive Officer. The Company has strong technical talents and tremendous growth potential. I will be working closely with our team to capture market shares and to provide exceptional solutions to our clients worldwide.” About UA Multimedia, Inc. UA Multimedia, Inc. is a technology company and solution provider specializing in the areas of information technology, blockchain and artificial intelligence. It is also a holding company seeking to acquire domestic and foreign entities who are in the same space. Corporate Website: https://www.uammedia.com Facebook: https://www.facebook.com/uamultimedia Twitter: https://www.twitter.com/uamultimedia Forward-Looking Statements: This release contains forward-looking statements within the meaning of Section 27a of the Securities Act of 1933, as amended and section 21e of the Securities and Exchange Act of 1934, as amended. Those statements include the intent, belief or current expectations of the Company and its management team. Some or all of the events or results anticipated by these forward-looking statements may not occur. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those projected in the forward-looking statements as a result of various factors. Accomplishing the strategy described herein is significantly dependent upon numerous factors, many that are not in management's control. UA Multimedia, Inc. does not undertake any duty nor does it intend to update the results of these forward-looking statements. Contact UA Multimedia, Inc. Investor Relations 949.229.1208 ir@uammedia.com Contact Details Investor Relations ir@uammedia.com

May 23, 2023 08:30 AM Eastern Daylight Time

Blackbird focused on "big opportunities in the Americas" after restructuring

Blackbird PLC

Blackbird PLC (AIM:BIRD, OTCQX:BBRDF) CEO Ian McDonough speaks to Proactive's Thomas Warner about the award-winning technology company's decision to restructure the business, with a view to taking advantage of "big opportunities in the Americas." McDonough highlights the importance of "being sensible" with the resources available and deploying them to best effect. Contact Details Proactive Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 23, 2023 04:16 AM Eastern Daylight Time

Video

Globally Acclaimed Cybersecurity Luminary Chuck Brooks to Headline at the 2023 1FinanceWorld Conference

1BusinessWorld

The 2023 1FinanceWorld Conference is thrilled to announce the participation of Chuck Brooks, a globally recognized powerhouse in Cybersecurity and Emerging Technologies, as a distinguished speaker. The 2023 1FinanceWorld Conference, taking place virtually on Monday, May 22, and on Tuesday, May 23, promises to be a game-changer for the finance industry, Brooks, celebrated by LinkedIn as one of "The Top 5 Tech People to Follow," by Thompson Reuters as a "Top 50 Global Influencer in Risk, Compliance," and by IFSEC as the "#2 Global Cybersecurity Influencer," is bringing his cutting-edge insights to the forefront of our conference. His vast knowledge and expertise in the cybersecurity realm make his upcoming address, "Securing the Future: Safeguarding Financial Institutions from Cyber Threats," one of the most anticipated highlights of this year's event. With an illustrious career spanning across government, industry, academia, and media, Brooks is no stranger to leading and innovating in high-stakes environments. His government service includes two senior Presidential appointments - he served as the first Legislative Director of The Science & Technology Directorate at the Department of Homeland Security (DHS) under President George W. Bush, and as Special Assistant to the Director of Voice of America under President Reagan. He was also a top Advisor to the late Senator Arlen Specter on security and technology issues on Capitol Hill. His influential role in the industry, serving as Advisor at Fibernet and holding senior executive roles at companies like General Dynamics, Xerox, and Sutherland, has positioned him at the frontier of cybersecurity and emerging technologies. Brooks is also an esteemed academic, currently serving as Adjunct Faculty at Georgetown University’s Applied Intelligence and graduate Cybersecurity Programs. His writings and commentary have been featured in numerous high-profile media outlets, such as Forbes, The Washington Post's "The Network," and Homeland Security Today, solidifying his position as a leading voice in the cybersecurity discourse. "Chuck Brooks' participation in the 2023 1FinanceWorld Conference is an incredible boon for our event," said Stelios Hatzakis, the CEO of 1BusinessWorld. "His insights, honed from years of multi-sector experience, will undoubtedly illuminate the path for safeguarding our financial institutions in this increasingly digital age." The 1FinanceWorld Conference is set to chart the future course of financial cybersecurity. To learn more about the event and secure your virtual attendance, please visit: https://1businessworld.com/1financeworld-conference/ All news and content distribution in partnership with News Direct. About 1FinanceWorld 1FinanceWorld, hosted by 1BusinessWorld, is a premier platform organizing conferences and events for finance professionals. The platform fosters discussions on critical issues in the finance sector, offering opportunities for networking, learning, and collaboration. 1FinanceWorld About 1BusinessWorld 1BusinessWorld is a global business ecosystem, network and marketplace that provides entrepreneurs, business owners and professionals with the information, tools, resources and connectivity needed to succeed throughout their company’s growth journey, toward a better business world. Our vision is based on the reality that we live, work and do business in one global interconnected business environment, and hence our motto: “One World, One Business World”. Our mission is to encourage and support global communication and collaboration among entrepreneurs, professionals, and businesses. 1BusinessWorld Contact Details Media Enquiries +1 212-220-6677 info@1businessworld.com Company Website https://1businessworld.com

May 22, 2023 03:01 PM Eastern Daylight Time

Image

NextTech3D.ai discusses record-breaking growth and AI-generated 3D model deliveries

Nextech3D.AI

NextTech3D.ai CEO and Founder Evan Gappelberg joins Natalie Stoberman from the Proactive studios to share the company's record financial and operational results for the first quarter of 2023. Gappelberg says NextTech3D.ai has experienced significant growth which saw a 550% year-over-year surge in its 3D modeling business. The company has also reported 40% sequential revenue growth, while delivering 20,000 3D models to Amazon, their largest customer. Gappelberg says he attributes the company's explosive growth to Amazon's influence and their ability to generate 3D models at a lower cost and higher volume using generative AI. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 22, 2023 02:01 PM Eastern Daylight Time

Video

Nextech3D.AI adds $2 million in growth capital cash from fintech firm Ratio Technology

Nextech3D.AI

Nextech3D.AI CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has received an initial $2 million infusion without share dilution by doing a deal with fintech firm Ratio Technology and its $400 million credit fund. Gappelberg telling Proactive the $2 million in cash was paid against future invoices that the company has contracts for but has not yet been paid. It feels this new access to non-dilutive capital on these long-dated purchase orders will enhance its financial flexibility. The company's strong customer contracts, including blue-chip clients like Amazon and Kohl's, contribute to its ability to secure long-dated contracts and attract substantial funding. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

May 22, 2023 01:22 PM Eastern Daylight Time

Video