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MultiversX and the "Lucian Blaga" University Unveil a New Academic Initiative

STORM Partners

Since ancient times, up to the very present, education has been and remains one of the essential pillars of any society, ensuring its progress and development, fostering innovation, and directly contributing to the well-being of its individuals. In the current context of rapid technological advancement, education plays a crucial role in equipping the society for the challenges and opportunities of the digital era. A 2022 report published by SlashData, a company that specializes in analyzing the developer economy, highlights that developers with 6 to 10 years of experience show the highest openness to work in the blockchain industry. Even though some of them are not yet seasoned enough to work in this industry, developers with less than 5 years of experience are not only interested in the technology, but they are actively seeking to learn and make a move into the field. Consequently, one of the key factors in encouraging the adoption of blockchain technology in general, and the MultiversX network in particular, could be attracting developers from the early stages of their careers, even from their university years. To foster such an environment, MultiversX has partnered with the “Lucian Blaga” University of Sibiu (ULBS), Romania, joining five other local companies that will financially and educationally support the initiative aimed at nurturing talented young individuals in this field. Starting this autumn, the Faculty of Economic Sciences at ULBS will introduce a new undergraduate programme with an innovative and modern approach, called “Business Informatics”. This university program will be taught exclusively in English, by qualified professors, as well as specialists and entrepreneurs from the field. The specialization will offer 30 tuition-free spots for students, of which 10 spots will be state-subsidized and 20 by the 6 companies involved in this initiative. As part of the collaboration between MultiversX and ULBS, students will have the opportunity to study the “Blockchain and FinTech Applications” course during the second semester of their third academic year. This will enable them to immerse themselves in the comprehensive understanding of the MultiversX blockchain network and explore decentralized applications within the ecosystem. "Blockchain technology facilitates access to financial instruments and other digital services to anyone, anywhere in the world, while offering other advantages, such as censorship resistance, composability, high performance and cost-effectiveness. On the path to an economy based on this technology and its adoption, we fully understand the importance and necessity of high-quality educational initiatives. Education is the key that supports individual development while connecting us to the innovative potential of young people, who will become the architects of the new internet economy." stated Beniamin Mincu, CEO of MultiversX. The course dedicated to MultiversX will consist of 2 hours of lectures and 2 hours of lab work per week, for a total period of 14 weeks. Students will have the opportunity to gain both theoretical and hands-on knowledge directly from the MultiversX team members, who will be actively involved in the educational process. “The partnership between the Faculty of Economic Sciences of “Lucian Blaga” University of Sibiu and MultiversX contributes to the development of higher education adapted to the challenges of the digital age in studying and applying emerging technologies in economics and business, preparing students for successful careers in a changing world. Through this collaboration, both parties, students and teachers alike, will together build knowledge and innovations that can have a significant impact on society and the global economy. MultiversX demonstrates a strong commitment to education through active engagement, and this bridge between academia and business can bring mutual benefits. On the one hand, the faculty benefits from know-how through the experience of a technology leader, which enhances the quality of education offered to students. On the other hand, MultiversX benefits from opportunities for applied research and attracting new talent, contributing to the development and advancement of the technology industry.” said Assoc. Prof. Eduard Stoica, Ph.D., Vice-Dean / Faculty of Economic Sciences. This joint initiative opens new horizons and aims to shape generations of leaders ready to face the challenges of the future. The collaboration is part of MultiversX’s wider effort to contribute to the development of the entire blockchain industry. In order to stimulate the adoption within a segment that naturally exhibits an interest in new technologies, a series of other activities and events are planned. Demos, hackathons, as well as guides and other educational materials, are all intended to onboard enthusiastic young minds into the MultiversX ecosystem. About the Faculty of Economic Sciences After more than three decades of higher education in economics in Sibiu, the Faculty of Economics of the "Lucian Blaga" University of Sibiu stands among the best economics faculties in Romania, according to international rankings. This recognition of the value of higher education in economics in Sibiu is the result of a permanent development and consolidation activity, in which students, graduates, professors, institutional partners and companies were equally involved, as well as of a favorable management context within the university. About MultiversX MultiversX is a highly scalable, secure and decentralized blockchain network created to enable radically new applications, for users, businesses, society, and the new metaverse frontier. Distributed by STORM Partners. Contact Adrian Bono for interviews and quotes -adrian.bono@storm.partners or telegram @STORMPartners Contact Details Dan Voicu, Head of Communications dan.voicu@multiversx.com

August 01, 2023 06:00 AM Eastern Daylight Time

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Toggle3D.ai continues to see strong growth in users with over 10,000 now on platform

Toggle3D.ai Inc

Toggle3D.ai chief product officer Dasha Vdovina joined Steve Darling from Proactive with news about the company's remarkable growth. The software as a service (SaaS) solution, which utilizes generative AI to convert CAD files, has achieved a significant milestone by surpassing 10,000 users since the company's IPO in June. In total, there have been over 12,900 3D projects completed on the platform, representing a remarkable 300% increase. Vdovina expressed that the company is experiencing a tremendous influx of new users, with hundreds joining every day. However, Toggle3D.ai is not content with its current success and has ambitious plans for even faster and more substantial growth. To achieve this, the company is implementing several key initiatives. Firstly, it aims to make the Toggle3D app available in more countries, thereby expanding its global reach. Secondly, the company plans to run paid advertising campaigns in additional countries to attract new users. Toggle3D is also actively seeking valuable feedback from its customers to understand their needs better and utilize this information to drive product-led growth. Toggle3D.ai's innovative SaaS solution primarily caters to product designers and industrial designers. It offers seamless integration with CAD files, allowing users to effortlessly convert CAD data into Web 3D Mesh. The platform's ease of use and powerful capabilities have contributed to its rapid adoption and popularity among designers worldwide. With its significant user base and aggressive growth plans, Toggle3D.ai is poised to further solidify its position as a leading provider of AI-driven CAD conversion solutions, making a substantial impact in the design and industrial sectors. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

July 31, 2023 11:15 AM Eastern Daylight Time

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Nextech3D.ai announces additional order from Amazon totalling $2.2 million

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to share news about the company's significant contract increase from its largest customer, Amazon. The new orders for 3D models amount to $2.2 million in additional revenue, indicating a strong and growing demand for Nextech3D.ai's services. Gappelberg also mentioned that the company's profit margins are expanding significantly, which is a positive indicator of the company's financial health. He stated that Nextech3D.ai is rapidly progressing towards achieving positive cash flow, a significant milestone for any business. The CEO revealed that Nextech3D.ai has been a supplier to Amazon for the past 12 months and has successfully delivered over 25,000+ 3D models to the tech giant. This long-standing relationship with Amazon demonstrates the company's reliability and capability to meet the needs of a major customer. Furthermore, Gappelberg shared the company's plans for expansion beyond the e-commerce sector into gaming and manufacturing. Nextech3D.ai aims to leverage its AI-powered innovation in the lucrative 3D modeling sector to explore new opportunities and diversify its offerings. The news of the significant contract increase and the company's progress towards positive cash flow reflects Nextech3D.ai's growth and potential in the market. With its focus on cutting-edge technology and expansion into new sectors, the company seems well-positioned for further success and continued growth in the future. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

July 31, 2023 10:43 AM Eastern Daylight Time

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Could HybriU, Ambow Education’s (NYSE: AMBO) New AI-Powered Education Solution, Revolutionize The $600+ Billion Learning Market?

Ambow Education Holding

By David Willey, Benzinga Ambow Education Holdings Ltd. (NYSE: AMBO) is bringing innovative artificial intelligence (AI) technology to the educational sector. It has launched HybriU, an AI-powered digital education platform that is designed to empower students and bridge the gap between academia and industry. Ambow’s HybriU employs cutting-edge connective technology that transcends the traditional barriers between languages, regions, academia and industry to create a seamless online and offline learning experience. Ambow is a technology-driven educational company that primarily operates in the U.S.. Its new HybriU platform is powered by the powerful, patented OOOK technology, which was created to help provide students with modern educational and workforce training. With the launch of HybriU, Ambow is looking to turbocharge the use of AI in online learning. The online education sector is projected to grow from its 2022 value of $192 billion to $602 billion by 2030 at a compound annual growth rate (CAGR) of 17.2% during the forecast period. Recently the World Economic Forum (WEF) declared that AI has immense potential to create inclusive systems of learning for students and to enhance the experience of teachers. This is the potential that Ambow is looking to harness with its revolutionary HybriU platform. What Does HybriU Do? In an interview, Ambow's President and CEO Dr. Jin Huang identified some key solutions that HybriU provides, including its scalable, affordable technology, as well as its smart classrooms and labs. Huang was recently listed on CIO’s “ 10 Most Innovative CEO’s To Watch In 2023.” HybriU’s capabilities include simultaneous content creation with instant AI translation. This allows students to study in their native language, improving global access to educational material. The platform also eliminates the need for distinct online content creation, as it automatically generates educational content directly from online and offline sessions, including those in a traditional classroom, lab, or corporate training session. Using the OOOK technology, HybriU can also create customized content that is adapted to diverse student populations. One way it provides more inclusive content is by offering live subtitles and an AI-generated voiceover that provides the content in the student’s native language. The platform also has a mechanism for providing real-time feedback to help promote continuous improvement of the experience for both teachers and students. With HybriU’s digital classes, students won’t need to take notes, as the AI will direct the teacher’s transcripts straight to their account. Students can tag or comment on the transcript, and an AI-powered indexing and tagging system allows for an efficient organization of the content. Student comments also provide teachers with immediate feedback on their lessons to enhance their curriculum and teaching style. HybriU also has the capability to create marking material for AI-generated online courses. These include sales posters and short videos to maximize the reach and impact of the course content. With all these capabilities, Ambow believes that HybriU will help reshape the traditional educational landscape and create a more inclusive, efficient and effective learning experience. "During the second half of 2022, we completed the sale of our overseas assets and transitioned our business operations to the U.S. where we introduced HybriU, our industry-leading hybrid learning platform designed to tackle the challenges of the new education paradigm," said Dr. Jin Huang. "We believe that HybriU brings the education industry its first fully integrated, interactive, online and offline instruction platform. This places Ambow at the cutting edge of a game-changing transition toward hybrid learning with HybriU's ability to facilitate borderless education opportunities by removing historical barriers between online and offline, languages and regions, as well as academia and industry.” To sign up for a free demo of HybridU, visit http://www.hybriU.com or www.ambow.com. Ambow Education Holding Ltd. is a leading cross-border career educational and technology service provider, offering high-quality, individualized services and products. With its extensive network of regional service hubs complemented by a dynamic proprietary learning platform and distributors, Ambow provides its services and products to students in China and United States of America. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Kevin Derrivan kderrivan@amboweducation.com Company Website https://www.ambow.com/

July 31, 2023 09:15 AM Eastern Daylight Time

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New Research by nsKnox and Treasury Dragons: Treasurers Are Underestimating the Vast Scale of Corporate Payment Fraud

nsKnox

nsKnox, the leader in Global Bank Account Validation and B2B Payment Security, together with Treasury Dragons, a global network for buyers, specifiers, and users of corporate treasury technology, released a new research report titled “Is treasury in denial on payment fraud?”. The report reveals the alarming disparity between perception and reality regarding the cost and scale of B2B payment fraud and how companies are protecting themselves from this threat. The survey’s results showed that almost nine in ten corporations experienced at least one payment fraud attempt in the past year, with 61% of them reporting multiple fraud attacks annually, yet many corporate treasurers still don’t realize the scale of the problem. While 86% of those questioned said fraudsters had targeted their company, the same respondents significantly underestimated how widespread the problem is. Only just over half (51%) correctly estimated that more than 80% of firms were affected. The data comes from the first edition of the Payments Fraud Report and is based on responses from 100 corporate treasurers in organizations with annual revenues above $300M. The underestimation of the threat from payments fraud is reflected in the uptake of automated systems to detect and prevent fraud. Only 43% of treasurers said they had such a system for payables fraud (AP) and just 15% for receivables fraud (AR). At the same time, responsibility for tackling payments fraud remains a gray area for many. Just 23% of respondents thought the treasury should be responsible, while almost half said ‘all departments.’ “It’s clear from this research that payment fraud is underestimated, and the ownership for addressing this significant risk is unclear. There is more work to do if treasurers are to be effective in tackling the menace of payment fraud,” said Nithai Barzam, President and COO of nsKnox. “All our experience in detecting and preventing fraud suggests that this threat will continue to grow both in volume and sophistication, and an automated, technology-based approach is crucial to fending off that threat.” “Corporate payments fraud is a serious and growing threat,” said Llewelyn Mullooly, Head of Analytics at Treasury Dragons. “Yet our research shows that too many treasurers are unaware of just how widespread it is.” A full copy of the report is available at https://www.treasurydragons.com/paymentsfraud.html About nsKnox nsKnox is a fintech-security company enabling corporations and banks to prevent fraud and ensure compliance in B2B Payments. We help organizations avoid significant financial losses, heavy fines, and reputational damage. Leveraging its patented Cooperative Cyber Security™ (CCS) and groundbreaking Bank Account Certificate™ technologies, nsKnox’s solutions detect and prevent finance & ops infrastructure attacks, social engineering, business email compromise (BEC), insider fraud, and other Advanced Persistent Fraud attacks. nsKnox offers an end-to-end technology-driven solution, the PaymentKnox™ Payment Security Platform, that integrates with the company’s unique global account validation technology, master data security, and automated payment transaction scanning to eliminate the vulnerabilities of manual processes. About Treasury Dragons Treasury Dragons ( www.treasurydragons.com ) is the global network for buyers, specifiers and users of corporate treasury technology. More than 12,000 treasury professionals attend online events to review rival solutions or receive news, reviews and research. For media inquiries, please contact: nsKnox: Assaf Dargan VP Marketing, nsKnox Email - assaf.dargan@nsknox.net Tel: 972-52-720-2701 Treasury Dragons: Llewelyn Mullooly Head of Analytics Email - llewelyn.mullooly@adaugeomedia.com Contact Details nsKnox Assaf Dargan +972 52-720-2701 assaf.dargan@nsknox.net Company Website https://nsknox.net/

July 31, 2023 07:00 AM Eastern Daylight Time

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RocketFuel sees 1,500% increase in customer traction following success of new products launch

RocketFuel Blockchain

Rocketfuel Payment Solutions CEO Peter Jensen joined Steve Darling from Proactive to share news about the company's recent growth and success. Rocketfuel has experienced a significant increase in customer traction within just 30 days, driven by the successful launch of new products and the acquisition of three large-scale customers. The transaction volume has skyrocketed from 110 transactions per day in June 2023 to an impressive 1,600 transactions per day in July 2023. This remarkable growth represents an astounding increase of approximately 1,500% in just one month. With the rapid pace at which the company is progressing, RocketFuel is confidently expecting to achieve cash flow positivity by September 2023. Jensen explained that RocketFuel provides online shoppers with a simple and user-friendly one-click checkout process that accepts payments through various methods, including bank transfers, Bitcoin, and over 120 cryptocurrencies. This innovative payment solution offers merchants significantly lower fees and a range of benefits, including no chargebacks, no card declines, and a settlement guarantee, ensuring that merchants always receive the full amount for their products in their local currency. The success of RocketFuel's new products and its ability to attract large-scale customers in such a short period is a testament to the company's commitment to delivering convenient, secure, and cost-effective payment solutions for both merchants and online shoppers. As the company continues to expand its customer base and enhance its offerings, it is well on its way to becoming a prominent player in the payment solutions industry. Contact Details Proactive Investors +1 347-449-0879 na-editorial@proactiveinvestors.com

July 28, 2023 01:16 PM Eastern Daylight Time

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WHAT'S COOL FOR SCHOOL 2023

News Media Group, Inc.

Contact Details Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

July 28, 2023 06:00 AM Eastern Daylight Time

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ActivePort Group success has "far exceeded expectations"

ActivePort Group Ltd

ActivePort Group Ltd (ASX:ATV) CEO Peter Christie speaks to Thomas Warner from Proactive about how the Australian software-defined networking (SDN) solutions company has been performing and what investors can expect from it in the future. Christie introduces the company, highlighting its primary focus on the telecommunications sector - a sector that he describes as undergoing a period of profound change at the moment. He explains that ActivePort offers a software tool that can automate processes on telecommunication providers' networks and allow customers to buy services through a web interface. The key value they deliver is efficiency, as their software drastically reduces the time it takes to connect new services, moving from weeks to just hours. Despite being listed on the ASX, the majority of their customers are overseas. Looking to the future, Peter envisions a highly profitable software business with strong revenue growth, given the high demand for their product in the rapidly expanding telecommunications industry. He plans to focus on building customer relationships and expanding opportunities for the company's growth, and says that the success achieved by the business so far has "far exceeded expectations." Contact Details Proactive Australia Pty Ltd Proactive Australia Pty Ltd +61 431 597 771 action.australia@proactiveinvestors.com

July 27, 2023 06:00 PM Eastern Daylight Time

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4GLOBAL "very pleased" with final results and looking to the future

4GLOBAL PLC

4GLOBAL PLC (AIM:4GBL) CEO Eloy Mazon speaks to Thomas Warner from Proactive London following the release of audited final results for the year ended 31 March 2023. Mazon gives his highlights from the news release, saying that "all in all we are very pleased with the year", which was the company's first as a listed entity. Group revenues for the year ending 31 March 2023, grew by 53% to £5.6mln, with basic earnings per share closing at 2.4p compared to losses of 7.1p in 2022. Mazon says that strong demand from international markets played a significant role in the results and aligning with the company's growth strategy. Looking ahead, Mazon says 4GLOBAL PLC is focusing on capitalising on the strong demand, particularly in the North American market, where they have established key relationships and commercial partnerships. He explains that commercial partnerships, like the recent one with Jonas Fitness in the US, provide a valuable route to market and complement their product offerings and client onboarding capabilities. As the market shifts towards valuing data and insights, 4GLOBAL PLC aims to leverage its extensive database and technology for cleansing and transforming data into actionable insights. They also have plans to explore AI integration with a view to providing more valuable insights to their customers. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

July 27, 2023 10:43 AM Eastern Daylight Time

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