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Minuteman Press Franchise Review: Jim Sweeney ‘Talks Shop’ on Growing Sales With Booming Apparel Business in Houston, Texas

Minuteman Press International Inc.

Jim and Jane Sweeney are the owners of the Minuteman Press franchise in Houston, Texas for the last 29 years; they first joined Minuteman Press in June of 1994. Jim and Jane have done a tremendous job building their business over the years. Most recently, they have truly excelled in growing their apparel sales. Jim summarizes: “ The past 2 years have certainly been interesting. We are currently (as of July of 2023) running 30.5% ahead of 2022 sales, which was up 35% over 2021. It seems like the world (or our world anyway) came out of its 2-year long malaise in 2022.” In the below interview, Jim shares more specific details about his center’s booming apparel business and how he and Jane’s Minuteman Press franchise in Houston have accomplished such strong growth in their apparel sales. Their center is located at 1040 Hercules Ave (Clear Lake City); Houston - Clear Lake City, TX 77058. How have you grown your business in general over the past two years? Jim Sweeney: “During the early pandemic we pivoted to personal protection products, which naturally led to custom face masks. While Jane was busy actually sewing 1000 face masks, I was providing custom logo cloth masks to hospitals, medical offices, service providers, and schools. We sold about 40,000 custom masks during that time, and we either heat pressed them or sent them to a local screen print vendor. We also donated a lot of masks to schools, non-profits, etc. Finally, in 2022, our traditional printing was finally starting to climb back to pre-pandemic levels. Promotional products also grew as trade shows and marketing calls became more the norm. We also had a big spurt of large format work, but that actually slowed down a bit after that initial spurt. EDDM printing has also become a larger portion of our print sales. Once we registered as EDDM providers on the USPS website, we definitely saw a very large increase in direct mail in general. Business Card printing has always been big for us, and the addition of the Graphic Whizard slitter, cutter, creaser has made it even more profitable. Our marketing efforts consists of: heavy community involvement; direct mail postcards, especially this year with the Deal of the Month art provided by MMP corporate; SEO/SEM on the Minuteman.com website, and social media, specifically as it relates to Direct to Film Transfer sales.” How have you grown your apparel business? What have you done to get your apparel sales going? Jim Sweeney: “We really started getting serious about apparel about 8 years ago when we purchased a commercial embroidery machine. Then, about 5 years ago, Jane put together a great lobby presentation. This area features apparel, large format, and promotional items of interest. We added dye sublimation capabilities with the Epson F570, and then we added DTG printing for one- offs (we eventually sold the DTG printer). During this time, we were using a lot of screen printed transfers, mostly from 613 originals or FM expressions. The issue became turnaround time. It would take up to 2 weeks to receive those transfers, and then of course we had to press them. We purchased a second, and then a third Stahls’ heat press during this time. That is when we decided to move in to the Direct to Film (DTF) printing business. After going through several desktop converted printers to try to print our own transfers, about 2.5 years ago we purchased our first large format, dual printhead DTF printer and finisher. In addition to producing transfers for our in-house use, we have enough capacity that we sell transfers to other printers, screen printers, sign shops and Facebook Group/Etsy owners. We added additional capacity with a 4 head DTF printer in January of this year (we will most likely be adding a third printer in the third quarter this year).” Jim continues: “Wholesale Transfer printing is now approximately 20% of our monthly sales; we ship all over the country, with a daily capacity for printing thousands of transfers. Adding embroidery and our in-house t-shirt sales makes apparel approximately 30% of our monthly revenue.” “Concurrently with this growth in transfer sales, the embroidery business was taking off. We regularly receive orders for 10-50 polos or button-down shirts for embroidery. We landed a grocery store chain and 2 local hospitals, and the orders became 150-200 shirts at a time. This past fall we completed a $24,000 jacket embroidery order, and we just delivered $32,000 jacket order to that same client, a hospital. Of course, we use a trusted local vendor for larger quantities of jackets.” Jim adds: “Our apparel business continues to grow weekly with more, and larger, in-house turn-key t-shirt sales really ramping up.” What are 3 tips for other owners on growing their apparel business? Jim Sweeney: “1. We feel that the #1 thing that is continuing to drive our apparel sales, in addition to the wholesale transfer sales, is our lobby display. Several years ago, we put this display of apparel samples, promotional items, and some of our large format samples in our shop. Whenever a new, or even an existing customer comes into the shop, invariably they are drawn to this display. About 1 in 5 people who walk into the shop asks about something that they see on that display. We turn about 85% of those inquiries into sales. 2. It also helps that our CSR is very knowledgeable about all aspects of apparel, as she is about all of our products and services. Our CSR/production manager, our daughter Allison, was the store manager at our Galveston location (which we sold in August of 2022), and has worked in every aspect of our business over the years. I realize that not everyone can be this lucky, however, that does not stop you from training and providing your staff with the tools that they need to do their jobs well. SanMar has great apparel catalogs with swatch samples, and you can put together a simple apparel website using their marketing tools. Of course, it also goes without saying that everyone on your staff should be wearing logo shirts, to further showcase your capabilities. 3. If you have the opportunity, attend a local apparel industry trade show, an ASI show, and most especially the MMP International World Expo. Educate yourself, request samples, purchase a good heat press, start small, with your own shirts, then visit your current clients to show them your new capabilities. Apparel is a perfect tie in to all of the other services that our shops provide to our clients. Apparel sales spur printing sales, just like printing sales should spur apparel sales.” At least once or twice a year, this hospital does a bulk purchase of 430 t-shirts for all the staff members. The purchase might include jackets, rain jackets, backpacks, other specialty items, or t-shirts. We’ve provided $200,000 or more in just apparel and high-end promo items to the hospital in the last 3 years. This hospital then referred us to the hospital Can you provide an example of a client who has used you for apparel? Jim Sweeney: “One of our regular ordering apparel clients is a local specialty hospital. In addition to their hospital facility, they also own or partner with 15 other physical therapy centers in the Houston region. We started out providing them with the usual printing and large format products, then contracted with them to provide new building signage for each of the outlying offices, and then grew into apparel with them. We have them set up on 2 Stahl’s Spirit Sale websites. One of them is for employees to purchase branded apparel, and the other is for the hospital to purchase apparel for new employees. In addition to standard corporate apparel, each department has their own branded t-shirt. Is there anything else you’d like to share? Jim Sweeney: “Apparel is an easy sell. Wear your logo. Talk it up. Ask for referrals. Don’t be afraid of it just because you haven’t done it before.” For more information on Jim and Jane Sweeney’s Minuteman Press franchise in Houston/Clear Lake, visit https://minuteman.com/us/locations/tx/houston27/ Learn more about #1 rated Minuteman Press franchise opportunities and read Minuteman Press franchise reviews at https://minutemanpressfranchise.com Contact Details Minuteman Press International Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

August 22, 2023 10:00 AM Eastern Daylight Time

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US Tech volatility presenting opportunities this week - OptionsDesk

Options Desk

OptionsDesk broker Simon Hanouka speaks to Thomas Warner from Proactive at the end of a bruising ten-day period for the FTSE 100, and a head of a busy week of tech earnings in the US. Hanouka addresses this morning's change in fortunes for London's blue chip index, which gained around 1% in early trading following the announcement of measures to boost the Chinese economy and the strong performance of London's energy companies. He adds that European stocks are also showing higher sentiment. Over in the US, markets are expecting fresh earnings data from tech operators Zoom and NVIDIA. NVIDIA faces high expectations after a remarkable 200% stock rise this year. With concerns over demand fulfilment following disappointing figures from their supplier TSM, AMD's new AI chip release presents an opportunity. Hanouka suggests considering put spreads for potential plays on NVIDIA and emphasises the need for protective options on the S&P ahead of the upcoming Jackson Hole event. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

August 22, 2023 09:38 AM Eastern Daylight Time

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SPARK Microsystems rejoint l'Alliance mondiale des semi-conducteurs

SPARK Microsystems

SPARK Microsystems, une entreprise canadienne de semi-conducteurs spécialisée dans les communications sans fil à courte portée de nouvelle génération, a annoncé aujourd'hui qu'elle était officiellement devenue membre de la Global Semiconductor Alliance (GSA), la voix de l'industrie mondiale des semi-conducteurs. Cette affiliation témoigne de l'engagement de SPARK à stimuler l'innovation, à favoriser l'adoption des technologies et à relever en collaboration les défis qui se posent à l'ensemble de l'industrie. « La GSA est un catalyseur important pour la collaboration au sein de l'écosystème mondial des semi-conducteurs ». a déclaré Fares Mubarak, PDG de SPARK Microsystems. « Devenir membre permet à SPARK, qui met l'accent sur le développement durable, d'apporter des contributions importantes à la communauté des semi-conducteurs qui partage notre passion pour l'innovation, la collaboration et le progrès technologique ». SPARK Microsystems est un leader de la technologie sans fil à courte portée. Les émetteurs-récepteurs sans fil de la société exploitent le spectre à bande ultra-large pour réduire considérablement la consommation d'énergie des appareils connectés, tout en offrant les débits de données élevés et la faible latence synonymes de connexions filaires - sans les fils. Que ce soit pour le gaming ou les applications IoT, ces attributs de performance sont essentiels pour permettre la prochaine génération d'appareils mobiles connectés sans fil et de capteurs optimisés pour une efficacité énergétique élevée. « La Global Semiconductor Alliance est ravie d'accueillir SPARK Microsystems dans son réseau d'entreprises technologiques innovantes", a déclaré Jodi Shelton, PDG de la GSA. "Les solutions uniques de SPARK dans le domaine de la technologie sans fil à courte portée à haute performance et à faible consommation d'énergie, son engagement en faveur de l'efficacité et de la durabilité, et sa volonté d'excellence en matière d'innovation font de cette société un ajout idéal à notre alliance. Nous sommes impatients de travailler avec l'équipe de SPARK pour façonner l'avenir de l'industrie des semi-conducteurs ». La GSA offre à SPARK une plateforme internationale pour présenter sa technologie et contribuer au dialogue mondial sur les défis et les opportunités liés aux semi-conducteurs. La GSA représente plus de 25 pays et 250 entreprises membres, dont 100 entreprises publiques. Grâce à sa plateforme unique et neutre, les membres de la GSA vont des entreprises émergentes les plus prometteuses aux piliers de l'industrie des semi-conducteurs et aux leaders technologiques. Ses membres représentent 70 % de l'industrie des semi-conducteurs, qui pèse plus de 450 milliards de dollars. En s'associant à la GSA, SPARK aura l'occasion de collaborer avec ces leaders de l'industrie et d'influencer l'orientation de l'industrie des semi-conducteurs à l'échelle mondiale. À propos de SPARK Microsystems SPARK Microsystems construit la prochaine génération de dispositifs de communication sans fil à courte portée. SPARK fournit des liens de communication sans fil à haut débit et à très faible latence avec un profil de puissance ultra-faible, ce qui le rend idéal pour les réseaux personnels (PAN) utilisés dans les produits mobiles, grand public et connectés à l'IoT. S'appuyant sur des technologies brevetées, SPARK Microsystems s'efforce de minimiser et, à terme, d'éliminer les fils et les batteries d'un large éventail d'applications tout en offrant une performance semblable à celle d'un fil. Pour plus d'informations, veuillez consulter www.sparkmicro.com.​ Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:31 AM Eastern Daylight Time

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SPARK Microsystems Joins Global Semiconductor Alliance

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, announced today that it has officially become a member of the Global Semiconductor Alliance (GSA), the voice of the global semiconductor industry. This affiliation signifies SPARK’s commitment to driving innovation, fostering technology adoption, and addressing industry-wide challenges collaboratively. "GSA is an important catalyst in building collaboration within the worldwide semiconductor ecosystem.” Said Fares Mubarak, CEO, SPARK Microsystems. “Becoming a member enables SPARK, with its specific focus on sustainability, to make important contributions to the semiconductor community who share our passion for innovation, collaboration, and technology advancement.” SPARK Microsystems is at the forefront of short-range wireless technology. The company’s wireless transceivers leverage the ultra-wideband spectrum to dramatically reduce energy consumption for connected devices while delivering the high-data rates and low latency synonymous with wired connections – without the wires. From gaming to IoT applications, these performance attributes are essential for enabling the next generation of wireless connected mobile devices and sensors optimized for high energy efficiency. "The Global Semiconductor Alliance is delighted to welcome SPARK Microsystems into our network of innovative technology companies," said Jodi Shelton, CEO of the GSA. "SPARK's unique solutions in high performance, low power short-range wireless technology, its commitment to efficiency and sustainability, and its drive for innovative excellence makes the company an ideal addition to our alliance. We look forward to working with SPARK’s team to shape the future of the semiconductor industry." The GSA offers SPARK an international platform to showcase its technology and contribute to the global dialogue around semiconductor challenges and opportunities. The GSA represents over 25 countries and 250 corporate members, including 100 public companies. As a result of its unique, neutral platform, GSA membership ranges from the most exciting, emerging companies to semiconductor industry stalwarts and technology leaders. Its members represent 70% of the $450B plus semiconductor industry. By partnering with the GSA, SPARK will have an opportunity to collaborate with these industry leaders and influence the direction of the semiconductor industry on a global scale. About SPARK Microsystems​ SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com.​ Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

August 22, 2023 09:29 AM Eastern Daylight Time

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Bearish On Nvidia (NASDAQ: NVDA) Before Earnings? Check Out This Unique ETF

Benzinga

By Rachael Green, Benzinga Nvidia Corporation (NASDAQ: NVDA) seems to have become something of a bellwether of the larger AI industry. The chipmaker makes the graphics processing units (GPUs) that well-known AI tech like ChatGPT use to run, and the company is widely expected to cash in on the emerging technology. As a result, NVDA shares have been trending up since the fall of last year and are currently up more than 200% year-to-date. But some investors aren’t convinced the stock can keep up this momentum indefinitely – at least not without some bumps in the road. For those who may see a bubble, those bumps could translate into profitable trades if played right. Here are a few reasons some traders are bearish on NVDA. Unprecedented Demand Growth Could Exceed Nvidia’s Manufacturing Limits While few are questioning the demand for Nvidia’s GPUs, rumors of a looming GPU shortage could inadvertently have a snowball effect on new AI research. AI technology takes a significant amount of time and money to develop. The hardware, the massive quantities of data, and the specialized expertise needed to create AI that lives up to the hype don’t come cheap—and then there’s the sunk time in developing and training the AI that could have been spent on R&D with a little more certainty. So if developers can’t be reasonably certain that the GPUs they need will even be available, some companies might decide to hold off on their AI projects until supply is a little more stable. Right now, NVDA’s growth has a lot of future revenue potential built into it so news that the chip maker might not be able to scale production fast enough to make enough chips to meet rising revenue forecasts could be enough to push shares down at least temporarily. Nvidia Chip Shortage Would Create An Opening For Competition Nvidia seems to be dominating the AI space right now, but it’s far from the only chip maker in the game. Some of its most-watched competitors include Advanced Micro Devices (NASDAQ: AMD), Intel (NASDAQ: INTC), Cerebras, and Alphabet (NASDAQ: GOOGL). If Nvidia faces a hiccup in production as it tries to scale production to meet this unprecedented demand, that could open the door just enough for these competitors to gain a foothold in the market. AMD is developing a family of chips that will compete with Nvidia on performance. Unlike Nvidia, AMD also offers an open software ecosystem called ROCm, giving developers a lower-cost, more flexible entry point into AI development. This could make it a key competitor among smaller developers and startups in particular. Intel, on the other hand, is already one of Nvidia’s strongest chip-making competitors though it’s still lagging behind Nvidia when it comes to GPUs specialized for AI. Intel acquired Habana in 2019, getting the Israel-based developer’s line of Gaudi AI chips as part of the deal. So far, the Gaudi chips aren’t as fast as Nvidia’s latest GPUs, but they are competitive on price and do offer enough performance for some lighter-duty AI tasks. The company is also working on Sapphire Rapids, a server CPU with built-in accelerators to handle generative AI. Nvidia might have the edge now while it’s the only major player in the game, but as these competitor products roll out, it’s going to get harder for the chip maker to hold onto its lead—especially if it’s already struggling to scale production. Trade NVDA Dips With The AXS NVDA Bear Daily ETF For investors who are near-term bearish on Nvidia or are looking for a short-term hedge on their existing long position, consider using the AXS 1.25x NVDA Bear Daily ETF (NVDS). NVDS is a leveraged ETF designed by AXS Investments to seek 125% of the inverse of NVDA’s daily performance. This leverage can help magnify the performance of each trade so that even smaller, short-lived dips have the potential to generate meaningful gains for traders. Use of this ETF also avoids having to source a borrow on NVDA from your broker which can be a hassle at times. At the same time, leveraged ETFs do come with additional risk and NVDS is not intended to be held for longer than a day. So it’s especially important that traders do their research and understand how to incorporate the leveraged ETF into their overall trading strategy. But when used carefully, NVDS could be a great tool for turning your bearish assumptions about Nvidia into potential yield. 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

August 22, 2023 09:25 AM Eastern Daylight Time

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ESE Entertainment Enters Strategic Partnership With BlackPines, To Sell 70% Stake In GameAddik To BlackPines For About $9 Million

Benzinga

By Faith Ashmore, Benzinga ESE Entertainment (OTCQX: ENTEF) (TSXV: ESE) is a leading global technology company that operates primarily in the gaming and esports industry. In the gaming industry, ESE provides crucial technology solutions to video game developers, publishers and brands, and the company is actively involved in fan engagement services globally. It also operates its own e-commerce channels. However, the company is most well known for its involvement in the esports industry. A prominent player in the global gaming and esports industry, ESE recently announced an all-cash transaction – the company has reached an agreement with an affiliate of BlackPines Capital Partners Ltd. to sell 70% of the shares of its subsidiary, GameAddik. The remaining 30% of GameAddik's shares will still be owned by ESE. As part of the deal, BlackPines will pay ESE a total of $9,100,000 in cash for the purchase, with some adjustments to the final amount. Additionally, 15% of the payment will be held back initially to cover any potential indemnification obligations from ESE. This holdback will be released to ESE in two portions, with one portion after 6 months and the other after 12 months, depending on any outstanding claims. "We couldn't be more excited about our investment in GameAddik and partnership with ESE Entertainment," said Darren Huston, CEO & Founder of BlackPines. "We have an ambitious plan to invest in and grow the business, and to help an already outstanding team deliver industry-best marketing ROIs to a growing roster of PC game industry customers.” Darren Huston has a strong background and expertise in the technology and travel industries, he has consistently demonstrated exceptional leadership and strategic vision. One of the most notable successes in Darren Huston's career was his tenure as the CEO of Priceline Group, one of the world's largest online travel companies. Under his leadership, the company experienced significant growth and expansion, solidifying its position as a global leader in the travel industry. Through strategic acquisitions and innovative business strategies, Huston successfully steered Priceline Group towards sustained profitability and market dominance. Another remarkable highlight of Darren Huston's successful career was his role as the CEO of Booking.com, a subsidiary of Priceline Group. During his tenure, he played a pivotal role in transforming Booking.com into one of the world's leading online hotel reservation platforms. Under his guidance, the company focused on enhancing the user experience, and the platform witnessed tremendous growth, capturing a significant share of the online hotel booking market. His involvement in the ESE transaction is notable for the company’s positive outlook. Konrad Wasiela, CEO of ESE shared his thoughts on the transaction, sharing, "This transaction and partnership with BlackPines marks a significant milestone in ESE's growth trajectory. We're aligning our growth path with a proven technology executive and entrepreneur with world-class exits. We're confident that this partnership will propel GameAddik, and ESE as a whole, into a period of growth. The synergy will empower GameAddik to harness its full potential, further enabling ESE to deliver premier services to the gaming community. As we retain a strategic stake in GameAddik, we'll continue to be a part of its journey, ensuring this partnership fuels mutual growth and success in our industry." This agreement marks an important step for ESE as it continues to strategically navigate its business operations and partnerships in the gaming industry to drive continued growth. 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

August 22, 2023 09:25 AM Eastern Daylight Time

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Shapeways Transforms Multi-Billion-Dollar Manufacturing Industry; Its Proprietary Software Empowers On-Demand Production

Benzinga

By David Willey, Benzinga Shapeways Holdings, Inc. (NASDAQ: SHPW), a leading digital manufacturing company, is positioned to transform the global manufacturing industry. The company has advanced its mission by providing on-demand manufacturing services at scale, simplifying complex production processes via proprietary software. Shapeways also provides its digital manufacturing software platform to other companies, enabling them to digitize operations, grow revenue, increase profitability, and expand their manufacturing capabilities. The global manufacturing market is challenged with slow, inflexible processes focused on mass production, and often fails to meet evolving customer needs. Shapeways addresses these challenges by enabling customers to access high-quality, on-demand manufacturing services. This not only speeds up time-to-market but also reduces cost, and offers flexibility for adapting to changing requirements. By leveraging software, Shapeways has digitized the end-to-end manufacturing process and is helping other manufacturers do the same as they reshape the global manufacturing industry. Manufacturing Solutions Shapeways operates in the global digital manufacturing market, worth $276 billion in 2020 according to Allied Market Research, and predicted to reach $1.3 trillion by 2030 at a compound annual growth rate (CAGR) of 16.5% over the decade. The company’s mission is to integrate modern technology into the global manufacturing framework, introducing fresh perspectives and practical solutions for optimizing the entire manufacturing process–beginning with product development. Shapeways recognizes major challenges in the manufacturing industry, mainly stemming from a sluggish response to shifting market needs. Traditional manufacturing's focus on mass production often restricts the options available to clients. To counter this, Shapeways introduces transformative solutions like additive manufacturing to enhance flexibility and adaptability. According to a Smithers report, “ The Future of 3D Printing to 2027,” the additive manufacturing industry, where Shapeways plays a key role, was worth $5.8 billion in 2016 and is predicted to reach $55 billion in 2027 at a compound annual growth rate (CAGR) of 23% during the forecast period. To date, the company has manufactured over 24 million unique parts delivered to more than 1 million customers in over 180 countries. Shapeways reports strong customer relationships, with a less than 1% complaint rate and a 98% on-time delivery rate for its manufactured parts. Software Solutions The Shapeways-owned OTTO software offering is a comprehensive manufacturing software suite that enables other manufacturers to digitize their operations, leading to increased revenue, improved profitability, expanded capabilities, and greater customer satisfaction. Shapeways deploys this software offering through its MFG.com brand, serving as a key software solution connecting buyers with sellers of custom parts. MFG.com reduces costs, streamlines supply chains, and delivers services that improve value for everyone involved in the manufacturing equation. Shapeways is creating scalable, high-margin recurring revenue through its MFG customer base. The company’s reported earnings for Q1 2023 included more than 50% quarter-on-quarter growth in its Software-as-a-Service bookings, consistent customer retention, and a customer lifetime value of over $4,200. Shapeways also just announced an enhancement of its MFG brand with a positive response. The company has further expanded its offerings with MFG Materials, and the launch of a 3D Model Viewer created to improve the quoting experience and generate more leads for manufacturers. Read more about what Shapeways is doing in the manufacturing and software industries. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2023 09:25 AM Eastern Daylight Time

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Imagine Joining All Cryptocurrency Networks Into A Super-Network That Is Cross-Chain And Protocol-Driven — Swopblock Is Doing Just That

Benzinga

By James Wells, Benzinga Learn more about and invest in SwopBlock via Wefunder In an ideal scenario, all cryptocurrency blockchains would be interconnected, providing users with a seamless experience across chains and apps. Yet, interoperability still remains a significant challenge. Emerging technologies aim to interlink blockchains and streamline asset and information movement. Swopblock, a cross-chain trading protocol, is at the forefront, aspiring to be the most decentralized medium of cross-chain trading. The following article will explore how Swopblock aims to consolidate liquidity within the decentralized exchange (DEX) world in an entirely decentralized fashion. Decentralized DEXs: Confronting Current Limitations And Siloed Blockchains DeFi Llama reports over 200 different blockchain networks, with Ethereum, Tron, and Binance Smart Chain commanding over 75% of the market. Despite progress in interoperability, these blockchains mainly operate separately, leading to talent and resources focusing on competing networks instead of a unified system. The siloed nature of blockchains is primarily problematic for end-users, as cross-chain trading proves challenging. This is due to most DEXs' lack of multi-chain support, absent of access to various altcoin swaps. For instance, Uniswap, the leading DEX by trading volume, only supports 7 EVM-compatible networks. Hence, more users are opting for cross-chain exchanges to simplify asset transfers and navigation across chains. However, these exchanges address the interoperability problem by pooling liquidity across multiple blockchains which exposes user's assets to external hacking and internal theft. Swopblock: Unleashing A New Era In Cross-Chain Trading Swopblock, an open-source, proof-of-relay (PoR) protocol, allows peer-to-peer, self-custodial, cross-chain trading. It lets users transact directly from their wallets without giving their crypto keys to any intermediary. Unlike native blockchain-restricted DEXs, Swopblock enables both retail users and institutions to seamlessly transfer assets, including Ethereum, Bitcoin and more. The Swopblock protocol is powered by its Liquidity Stream, the underlying infrastructure that channels market volume. SWOBL, the native asset of the protocol, serves as a free-flowing medium of exchange that provides 100% of the market volume necessary for autonomous cross-blockchain trading between peers. A New Era Of Infrastructure: Swopblock's Impact While other decentralized cross-chain exchanges like THORChain, Open Ocean, and RocketX exist, Swopblock revolutionizes the industry through total decentralization. This is realized by ensuring 100% liquidity distribution across all user wallets. Such distribution reduces the hacking risks associated with liquidity pools, bridges and pipes, as they often hold significant cash, making them prone to exploits and attacks. In 2022 alone, over $2.8 billion of crypto was lost due to hacks and exploits, with crowd looting and bridge exploits being common examples. The Utility Of SWOBL In addition to complete decentralization, 100% liquidity distribution across all user wallets allows for equitable value accrual across the entire ecosystem. As trading volume rises, so does SWOBL demand, benefiting all users, traders, or investors who hold SWOBL. Swopblock is currently raising funds for its official launch, rewarding early investors with additional SWOBL in four phases based on their investment size and timing. Early exposure could be a profitable choice for investors who believe in the future of Swopblock's superior technology. Looking Ahead: Exploring The Future Of DEXs With Swopblock Swopblock is a powerful solution to the existing limitations of the DEX landscape. It proposes a fully decentralized, self-custodial, cross-chain trading method that helps users autonomously navigate blockchain networks. As crypto adoption grows, Swopblock's unique decentralized strategy could leverage this demand. Learn more about and invest in SwopBlock via Wefunder This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

August 22, 2023 09:25 AM Eastern Daylight Time

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Chinese Startup Debuts World’s First Mass-Produced Humanoid Robot at WAIC

MarketJar

Fourier Intelligence's striking humanoid robot, GR-1, made a remarkable debut at the World Artificial Intelligence Conference (WAIC) in Shanghai in July. This jet-black marvel captured the attention of the global technology community, showcasing the immense potential of bipedal robots. Amid the buzz surrounding AI software, the Chinese-designed GR-1 garnered attention by demonstrating its ability to walk at 5 km/h on two legs while carrying a 50 kg load. This breakthrough highlighted the prowess of bipedal robots in the evolving tech landscape. The unexpected triumph of unveiling GR-1 marked a transformative phase for Shanghai-based startup Fourier Intelligence. Originating in 2015 with a focus on rehabilitation robotics, the company has since diversified its offerings. From smart exercise bikes to wireless robotic gloves and computer-guided devices aiding movement restoration, Fourier's portfolio has expanded significantly. Alex Gu aligns with Telsa CEO Elon Musk's vision for humanoid robots as tools for mundane tasks and companionship. Musk has been quoted saying, “"There will probably be far more robots than humans in the future." Gu also recognizes the potential of large language models (LLMs), such as those underlying AI chatbots like ChatGPT. LLMs could grant robots logical reasoning abilities, enhancing their human-like qualities. Fourier's focus on hardware development aligns with collaborations with AI companies for LLM integration. GR-1's deployment for research and development is underway, with mass production planned by year-end. While a journey lies ahead before humanoid robots become part of daily life, Gu balances caution with optimism. As technology advances, the tantalizing prospect of humanoid robots becoming integral in the next five to ten years is within reach. Combating Crime Demands Superhuman Capabilities While the development of humanoid robots is still in its infancy, security robots are gaining popularity across the US as a response to rising crime rates. The global security robot market is projected to reach $31.08 billion by 2030, with a 12.8% CAGR. One of the companies leading the charge in this field is Knightscope, Inc. (NASDAQ:KSCP), an advanced security technology company headquartered in Silicon Valley. The company specializes in creating fully autonomous security robots (ASRs) that deter, detect, and report. Established in 2013, Knightscope leverages four key technologies – autonomy, robotics, artificial intelligence, and electric vehicle tech – to develop their unique solutions. Their tech has logged over 2.3 million hours of real-world field operation. A major achievement for Knightscope was the acquisition of CASE Emergency Systems in 2022, bolstering their capabilities and driving significant revenue growth. The company boasts an impressive clientele, including the New York Police Department (NYPD), New York City Fire Department (FDNY), San Luis Obispo Council of Governments (SLOCOG), and the Orange County Transportation Authority (OCTA). Throughout the year, Knightscope secured several substantial deals nationwide. These include a $1.25 million contract with Rutgers, The State University of New Jersey, encompassing 145 devices, as well as a pilot contract with the New York Police Department (NYPD) for a K5 robot designated for patrolling a Manhattan subway station. A recent strategic initiative unveiled by Knightscope involves a collaboration with a property management group in Chicago. This deployment features the K5 Autonomous Security Robot (ASR), tasked with patrolling a mixed-use facility housing both retail establishments and professional tenants. This marks Knightscope 's second deployment in Chicago, aiming to address elevated levels of crime, trespassing, vehicle break-ins, and catalytic converter thefts. Another notable milestone was reached as Knightscope successfully deployed its first two K1 Hemisphere ASRs in Hawaii. This deployment signifies the conclusive phase of product development—client testing. Collaborating with a globally recognized brand specializing in full-service hotels and resorts, Knightscope has initiated a comprehensive evaluation phase. Further showcasing the company’s impact, the deployment of a K5 in Ohio has garnered national attention, solidifying Knightscope 's position as a key player in the evolving landscape of security technology. Knightscope CEO, William Santana Li, was recently stated during the Company’s 2Q 2023 update, “For the six months ended June 2023, we booked $6.4 million of revenue putting us on an over $12 million annual revenue run rate – well over double last year. That’s right, not only double-digit growth over 2022 but literally potentially doubling the Company’s revenue by the end of 2023. As I often say, the Rise of the Robots is happening, and it is happening now!" For more information on Knightscope, Inc. (NASDAQ:KSCP) and the projects it is working on, visit this link or learn more about the Rise of the Robots at the company's official website. Disclosure: 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Knightscope, Inc. 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Market Jar Media Inc. does not endorse or recommend the business, products, services or securities of any company mentioned on PressReach.com. 5) Market Jar Media Inc. and its respective directors, officers and employees hold no shares for any company mentioned in the Article. 6) This document contains forward-looking information and forward-looking statements, within the meaning of applicable Canadian securities legislation, (collectively, “forward-looking statements”), which reflect management's expectations regarding Knightscope, Inc.’s future growth, future business plans and opportunities, expected activities, and other statements about future events, results or performance. Wherever possible, words such as “predicts”, “projects”, “targets”, “plans”, “expects”, “does not expect”, “budget”, “scheduled”, “estimates”, “forecasts”, “anticipate” or “does not anticipate”, “believe”, “intend” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative or grammatical variation thereof or other variations thereof, or comparable terminology have been used to identify forward-looking statements. These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Knightscope, Inc.’s industry; (b) market opportunity; (c) Knightscope, Inc.’s business plans and strategies; (d) services that Knightscope, Inc. intends to offer; (e) Knightscope, Inc.’s milestone projections and targets; (f) Knightscope, Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Knightscope, Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Knightscope, Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Knightscope, Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Knightscope, Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Knightscope, Inc.’s ability to enter into contractual arrangements with additional Pharmacies; (e) the accuracy of budgeted costs and expenditures; (f) Knightscope, Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Knightscope, Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Knightscope, Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Knightscope, Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Knightscope, Inc.’s business operations (e) Knightscope, Inc. may be unable to implement its growth strategy; and (f) increased competition.Except as required by law, Knightscope, Inc. undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, future event or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Neither does Knightscope, Inc. nor any of its representatives make any representation or warranty, express or implied, as to the accuracy, sufficiency or completeness of the information in this document. Neither Knightscope, Inc. nor any of its representatives shall have any liability whatsoever, under contract, tort, trust or otherwise, to you or any person resulting from the use of the information in this document by you or any of your representatives or for omissions from the information in this document. 7) Any graphs, tables or other information demonstrating the historical performance or current or historical attributes of Knightscope, Inc. or any other entity contained in this document are intended only to illustrate historical performance or current or historical attributes of Knightscope, Inc. or such entities and are not necessarily indicative of future performance of Knightscope, Inc. or such entities. 8) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

August 22, 2023 09:00 AM Eastern Daylight Time

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