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Nextech AR Solutions seeing a 'new tempo' of 3D modeling contract wins as it looks to a record 1Q

Nextech AR Solutions Corp.

Nextech AR Solutions Corp. CEO Evan Gappelberg told Proactive's Stephen Gunnion the first quarter of 2023 is currently tracking to be a record quarter for 3D modeling thanks to the company’s groundbreaking generative AI technology. Gappelberg said record 3D modeling demand and record production capabilities are expected to drive record 2023 revenue for the 3D model business in eCommerce. He said he is seeing a "new tempo of 3D contract wins" away from Amazon after it became a preferred 3D model supplier to the eCommerce giant. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

March 01, 2023 08:11 AM Eastern Standard Time

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OPPO Pledges Carbon Neutrality Across its Operations by 2050 at MWC 2023

OPPO

BARCELONA, SPAIN - Media OutReach - 1 March 2023 - In recent years, the issue of climate change has gathered momentum, with the frequency of persistent hot weather and climate-related natural disasters drawing worldwide attention to the urgent need for action. Billy Zhang, President of Overseas Sales and Service at OPPO, releases the OPPO Climate Action Report on the first day of MWC, with congratulation from Steven Moore, Head of GSMA Climate Action OPPO believes that better environmental protection can only be achieved through the parallel advancement of science and technology. Following years of research and analysis, OPPO released the OPPO Climate Action Report: Climate Pledges and Low Carbon Development Strategy, at MWC 2023. In the report, OPPO pledges for the first time to achieve carbon neutrality across its global operations by 2050. With technical support from global consultancy Deloitte [1], the report outlines five key areas in which OPPO will work towards achieving this goal: low-carbon manufacturing, reducing the carbon footprint of products, investing in options that generate less carbon, utilizing digital technology to manage carbon emissions, and collaborating on industry standards to address climate change. Starting in 2020, OPPO has published a sustainability report each year to publicly disclose its plans and practical progress towards sustainability goals. In 2022, OPPO completed its first global inventory of greenhouse gas emissions and used this data as the scientific basis for its carbon reduction strategy. Now, in the new Climate Action Report, OPPO pledges to make its operations carbon neutral by 2050. Commenting on this commitment, Tony Chen, OPPO Founder and CEO, said: “Achieving our goal of becoming carbon neutral will require both determination and patience. Guided by our mission of ‘Technology for Mankind, Kindness for the World’, we promise to pursue carbon neutrality with the same zeal and commitment that we invest in our technological innovation.” OPPO pledges to become carbon neutral across its global operations by 2050 and identifies low carbon development roadmap Promoting green manufacturing and operations through innovation OPPO has held onto its global position as the fourth-largest phone manufacturer for two consecutive years，with users in over 60 countries and regions worldwide. As its business grows rapidly, OPPO is equally concerned about how to reduce its environmental impact. Among the carbon emissions generated by OPPO's various operations, factories and data centers are the two most significant sources of greenhouse gas emissions, accounting for 62% and 31.9% respectively. While continuing to drive commercial growth, OPPO is also exploring innovative ways to achieve greener manufacturing and business operations. Through energy saving and emission reduction initiatives, by the end of 2022, OPPO has managed to reduce 6000 tons of greenhouse gas emission from its operation each year. This is equivalent to the amount of greenhouse gas absorbed by 3,330 square kilometers of forest in a year. Since 2020, OPPO has systematically carried out a series of energy-saving upgrades to key machinery in its factories. One such project has involved automating previously manually operated machines. Compared with manual control, the automated equipment can be set to operate precisely according to the real-time requirement, thus reducing power consumption to the bare minimum. For example, with the automation upgrades introduced to the corner cutting machines, power consumption has fallen by 54%. In addition, OPPO is also working on the construction of carbon neutral data centers. Its first self-built data center, OPPO Binhai Bay Data Centre not only uses 100% renewable energy, but also continues to explore and apply cutting-edge, low-carbon technology. One of the key outcomes of this exploration has been the research and implementation of immersion cooling technology for GPU server clusters. We are living in a digital era, with ever-increasing demand for data storage, artificial intelligence, and high-performance computing. Thus, the power consumption of data centers and their GPU server clusters is also rising significantly. Not only does this increased power consumption present a major challenge, but we must also work out how to dissipate the heat produced as efficiently as possible. Most traditional data centers rely on mechanical equipment such as fans and air conditioners to cool the building, which in turn consumes more energy and produces higher levels of CO 2. In order to improve energy efficiency and reduce carbon emissions, OPPO is deploying immersion cooling technology for GPU server clusters in its data center. Immersion cooling technology, which refers to the direct immersion of servers in a non-conductive liquid, directly draws the heat generated during operation away through the liquid, without the need for active cooling by devices such as fans and air conditioners. The liquid that has risen in temperature is cooled by circulation and then returned to continue absorbing thermal energy. The heat recovered is then put to good use in other areas such as heating and hot water provision, significantly improving the energy efficiency of the overall system. The deployment of immersion cooling technology leads to a 45% improvement in energy efficiency, and an industry-leading data center power usage efficiency (PUE) as low as 1.15. OPPO Binhai Bay Data Center deploys immersion cooling for GPU server clusters Introducing sustainability into the product management life cycle While constantly thinking about how to improve the user experience of its products, OPPO also aims to provide greener products. To this end, OPPO has made sustainability a key goal in the life cycle management of its products to minimize their impact on the environment. While designing the packaging of its products, OPPO follows the internationally recognized green packaging principle of 3R+1D (reduce, reuse, recycle and degradable). In 2023, starting in the European market, nearly all plastics have been removed from the packaging of OPPO’s smartphones, making it 100% biodegradable and more eco-friendly. Approximately 45% is also made from recycled fibers, sourced from recycled wastepaper or plant-based materials (such as sugarcane and bamboo byproducts), helping to reduce the demand for raw materials. OPPO has also made technological breakthroughs aimed at improving the durability of its products. For example, OPPO's proprietary Battery Health Engine technology can maintain 80% of the original battery capacity for up to 1600 charging cycles, significantly extending battery life. The volume of electronic waste generated globally has grown by 21% over the past 5 years, making it the fastest growing category of household waste [2]. To tackle the problem of e-waste pollution, OPPO has established a number of product recycling systems and launched a trade-in service in both domestic and international markets to promote the recycling of used electronic devices. In 2021, 1.2 million phones were recycled in China, amounting to a total weight of 216 tons. This number rose to 1.3 million phones and 240 tons in 2022. In the EU and other regions, OPPO is involved in the Green Dot program as well as partnering with professional recycling firms to help recycle used products. OPPO’s progress towards low carbon development For a long time, OPPO has not only been investing in low carbon initiatives but has also taken action to inspire more of its peers. During the Global Mobile (GLOMO) Awards at MWC 2023, OPPO Senior Vice President and Chief Technology Officer, Jun Liu, was invited to present the Tech4Good award, recognizing companies that have used technology and innovation to make the world better and to solve global challenges. In recognition of its own efforts, OPPO was also invited to join the judging panels for the Best Mobile Innovation for Climate Action Award and the Outstanding Mobile Contribution to the United Nations Sustainable Development Goals Award. Jun Liu, Senior Vice President and Chief Technology Officer at OPPO, presents the 2023 GLOMO Tech4Good Award to winners The road to a greener future is a long one, but with its Climate Action Report and low carbon development strategy, OPPO is already well on the way to achieving this goal. OPPO is committed to playing its part as it works with both partners and the public to build a better future for all. To learn more about OPPO’s low carbon development strategy, please refer to the OPPO Climate Action Report: https://www.oppo.com/content/dam/oppo/common/mkt/footer/OPPO-Climate-Action-Report-EN.pdf [1] Deloitte provided technical support to OPPO when it developed its GHG emissions inventory, emission reduction goals and long-term roadmap for low carbon development. [2] Data from: https://news.un.org/zh/story/2020/07/1061272 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 relentless in its pursuit of the perfect synergy between aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find and Reno series. Beyond devices, OPPO also provides its users with the 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. Contact Details OPPO Media Contact press@oppo.com

March 01, 2023 04:53 AM Eastern Standard Time

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HUB Cyber Security Ltd, a Developer of Confidential Computing Cybersecurity Solutions and Services, Successfully Closes Its Business Combination with Mount Rainier Acquisition Corp.

HUB Cyber Security Ltd

HUB Cyber Security Ltd., a developer of Confidential Computing cybersecurity solutions and services ("HUB" or the "Company") and Mount Rainier Acquisition Corp. (Nasdaq: RNER), today announced the completion of their previously announced business combination and will begin trading on the Nasdaq Stock Market tomorrow, March 1, 2023. The combined company will operate as Hub Cyber Security Ltd., and the combined company’s ordinary shares and two series of warrants have been approved for trading on Nasdaq under the ticker symbols “HUBC,” “HUBCW, and “HUBCZ” respectively. HUB’s move to the Nasdaq follows the company’s delisting of its ordinary shares and warrants from the Tel Aviv Stock Exchange (TASE). As previously announced, Mount Rainier stockholders approved the transaction at a previously held special meeting. To celebrate the completion of the business combination, HUB’s leadership will be at the Nasdaq MarketSite to ring the opening bell on March 1, 2023. “We are extremely pleased to complete this transaction and become a public company traded on the NASDAQ,” says Uzi Moskovitch, Major General (Ret.), CEO of HUB. “HUB has grown rapidly, and we believe this transformative step will support our initiatives to capitalize on the large, and fast growing market for more efficient and effective cybersecurity solutions. Our goal is to continue to develop and implement advanced Confidential Computing and other cybersecurity technologies for our current and future customers in both government and private industries. Access to larger capital markets is expected to enable HUB to accelerate its growth plans both in technology development and customer adoption, while building more value for our public shareholders.” Advisors A-Labs Advisory & Finance Ltd. and Oppenheimer & Co. Inc. served as financial advisors to HUB. Latham & Watkins LLP served as legal advisor to HUB. A.G.P./Alliance Global Partners served as the exclusive financial advisor to RNER. Loeb & Loeb LLP and Sullivan & Worcester LLP (Tel Aviv) served as legal advisors to RNER. About HUB Cyber Security Ltd HUB Cyber Security Ltd ("HUB") was established in 2017 by veterans of the 8200 and 81 elite intelligence units of the Israeli Defense Forces. The company specializes in unique Cyber Security solutions protecting sensitive commercial and government information. The company debuted an advanced encrypted computing solution aimed at preventing hostile intrusions at the hardware level while introducing a novel set of data theft prevention solutions. HUB operates in over 30 countries and provides innovative cybersecurity computing appliances as well as a wide range of cybersecurity services worldwide. About Mount Rainier Acquisition Corp. Mount Rainier Acquisition Corp. is a blank check company sponsored by DC Rainier SPV LLC, a Delaware limited liability company managed by Dominion Capital LLC, whose business purpose is to effect a merger, share exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. Forward-Looking Statements This press release contains forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995, including statements about the anticipated benefits of the transaction, and the financial condition, results of operations, earnings outlook and prospects of the combined company. Forward-looking statements are typically identified by words such as "plan," "believe," "expect," "anticipate," "intend," "outlook," "estimate," "future," "forecast," "project," "continue," "could," "may," "might," "possible," "potential," "predict," "seem," "should," "will," "would" and other similar words and expressions, but the absence of these words does not mean that a statement is not forward-looking. The forward-looking statements are based on the current expectations of the management of HUB, as applicable, and are inherently subject to uncertainties and changes in circumstances and their potential effects and speak only as of the date of such statement. There can be no assurance that future developments will be those that have been anticipated. These forward-looking statements involve a number of risks, uncertainties or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those discussed and identified in public filings made with the SEC by the HUB and the following: (i) expectations regarding HUB's strategies and future financial performance, including its future business plans or objectives, prospective performance and opportunities and competitors, revenues, products and services, pricing, operating expenses, market trends, liquidity, cash flows and uses of cash, capital expenditures, and HUB's ability to invest in growth initiatives and pursue acquisition opportunities; (ii) the outcome of any legal proceedings that may be instituted against the combined company; (iii) the ability to meet stock exchange continued listing standards; (iv) the risk that the consummation of the business combination disrupts HUB's current operations and future plans; (v) the ability to recognize the anticipated benefits of the transaction, which may be affected by, among other things, competition, the ability of HUB to grow and manage growth profitably, maintain relationships with customers and suppliers and retain its management and key employees; (vi) costs related to the transaction; (vii) limited liquidity and trading of HUB’s securities; (viii) geopolitical risk, including military action and related sanctions, and changes in applicable laws or regulations; (ix) the possibility that HUB may be adversely affected by other economic, business, and/or competitive factors; (x) inaccuracies for any reason in the estimates of expenses and profitability and projected financial information for HUB; and (xi) other risks and uncertainties set forth in the section entitled "Risk Factors" and "Cautionary Note Regarding Forward-Looking Statements" in HUB’s final proxy statement/prospectus filed on December 5, 2022. Should one or more of these risks or uncertainties materialize or should any of the assumptions made by the management of HUB prove incorrect, actual results may vary in material respects from those expressed or implied in these forward-looking statements. All subsequent written and oral forward-looking statements concerning the business combination or other matters addressed in this press release and attributable to HUB or any person acting on their behalf are expressly qualified in their entirety by the cautionary statements contained or referred to in press release. Except to the extent required by applicable law or regulation, HUB undertakes no obligation to update these forward-looking statements to reflect events or circumstances after the date of this press release to reflect the occurrence of unanticipated events. Contact Details Hub Cyber Security Ltd Gregory FCA on behalf of HUB Security matt@gregoryfca.com Company Website https://hubsecurity.com/

February 28, 2023 04:36 PM Eastern Standard Time

Temporal Investors Expand Funding with $75M Round

Temporal

Temporal, the leader in durable execution systems, today announced it raised $75 million in Series B-Prime funding to accelerate investment in the company’s open source community and cloud service. The Temporal Series B-Prime investment comes one year after its initial Series B round; customers and revenues for Temporal Cloud have grown 20X during that time period. Greenoaks joins the existing list of Temporal investors, all of which participated in this round, including Amplify Partners, Index Ventures, Sequoia Capital, Madrona, and Addition Ventures. Total funding to date is now over $200 million. Investor enthusiasm in Temporal continued as momentum for durable execution accelerated in 2022, with more than 50,000 new developers joining the user community. Temporal also launched its inaugural Replay conference, hosting a sold-out crowd of backend developers and architects in Seattle. Innovators such as Netflix, Descript, Yum! Brands, Instacart, Datadog, Comcast, Snap, Hashicorp, and ANZ Bank began or expanded their use of Temporal; many of these companies use the Temporal Cloud service. By adding over 350 new customers with more than 100 services or applications already in production, Temporal has significantly expanded availability for Temporal Cloud while extending into several hyper scale production applications, reaching volumes as great as one million executions per second. "At Netflix, we view Temporal as a fundamental shift in the way applications can be developed, and it is rare to see a new programming model like this come along,” said Rob Zeinert, Senior Software Engineer at Netflix. “Temporal has solved a huge challenge for developers with a platform that orchestrates and manages software failures that otherwise would bring down distributed applications." "Temporal is one of our most ambitious investments. It has the potential to impact several industries, and fundamentally change the way organizations develop applications," said Lenny Pruss, General Partner at Amplify. "The momentum that is building around the technology is unlike anything we've seen in recent history. We hear it not just from our portfolio companies, but from leading engineering organizations all over the world as they re-platform many of their most mission-critical applications on Temporal." Companies of all sizes have become software companies, and their ability to innovate and iterate their apps and services quickly has become a critical challenge. Many try to accelerate development with focused teams, modular software architectures, and elastic infrastructure; however none of these solutions significantly impact velocity. Engineers and developers are still required to focus on plumbing, rather than business logic, as the nature of these distributed systems requires them to write nonstop code to address cross-service coordination and unreliable processes. Durable execution systems like Temporal enable engineering organizations to take full advantage of distributed systems, while allowing developers to build and deploy reliable, consistent applications for their users. Temporal explicitly presents a new programming paradigm for developers. It delivers visibility and control into any end-to-end business process or customer workflow that drives a business, and presents an abstraction layer that ensures any process – such as a financial transaction, fulfillment of an order, customer interaction, or any operation workflow – will complete accurately and reliably. "Temporal simplifies the development process by shifting complex, error-checking code, retry processes, and state management to a central platform, so developers don’t have to manage these complexities," said Maxim Fateev, co-founder and CEO, Temporal. "My co-founder Samar and I have been building a durable execution framework for the better part of 15 years, and much of that work is foundational to Temporal. It is exciting to see other developers support, embrace, and even advocate our approach as these concepts are being validated by the broader market." Organizations of all sizes have embraced the Temporal programming model as it allows them to deliver new capabilities faster, while ensuring they deliver reliable, predictable experiences to their customers and users. With Temporal, developers code in their language of choice and call the Temporal Server to manage and monitor the successful execution of defined workflows. SDKs are available for Go, Python, PHP, TypeScript, and Java. The software is available under open-source MIT license and can be adopted freely by anyone, anywhere. Alternatively, developers can use Temporal Cloud, which delivers value as a service, greatly simplifies the deployment and management of the server, and allows developers to take advantage of direct Temporal expertise and support. Pricing options are available at https://temporal.io/ About Temporal: Temporal is a durable execution system that enables reliable and correct execution of software services and applications. It allows teams to manage an application's state at scale, monitor the execution of application logic in real-time, and push updates and changes without downtime. Platform and application teams at companies like Netflix, Snap, Stripe, and Coinbase use Temporal to run application functions as workflows that inherit scalability, durability, and fault tolerance. Learn more at https://temporal.io/. Contact Details Forrest Carman +1 206-859-3118 forrestc@owenmedia.com Company Website https://temporal.io/

February 28, 2023 09:00 AM Pacific Standard Time

ToolsGroup Announces Significant Enhancements To Its Industry-Leading Demand Planning Solution

ToolsGroup

ToolsGroup, a global leader in retail and supply chain planning and optimization software, has announced the latest version of its Service Optimizer 99+ (SO99+) software, making major advancements in its forecasting and demand sensing capabilities. This is just the latest of the company’s significant strides towards making supply chains a force for good by helping organizations guarantee service, reduce excess stock, and increase profits. “ToolsGroup SO99+ improved the accuracy of our forecasts for slower moving items by 5-10%,” said Sarah Voorhees, Vice President of Demand and Inventory Planning at American Tire Distributors. “Better probabilistic forecasts translate into better fulfillment, helping us reduce inventory, carry less safety stock, and increase revenue through fewer stockouts.” With the release of v8.60, ToolsGroup aims to further improve customer experience and supply chain performance with expanded capabilities that now deliver: - A New Product Introduction (NPI) Dashboard that provides an interactive display for SO99+ NPI forecasting. The dashboard enables immediate what-if scenario planning for all the attributes that may impact the performance of a new product introduction, a deeper understanding of the variables that affect the success of a new product launch, and the rationale supporting the projections for the launch forecast. - Automatic Forecast Model Backtesting that eliminates the typically time-consuming, manual calibration process of configuring, defining, and simulating forecast models, delivering significant forecasting accuracy improvements nearly automatically. - Re-Forecasting Based on Pre-orders that empowers users to incorporate actual orders into probabilistic forecasts to better determine future demand, improving short- and medium-term forecast accuracy while enabling customers to respond quickly and proactively to market changes. - Machine Learning Speed and Accuracy Enhancements, thanks to the implementation of new light gradient-boosting machine functionality (LightGBM) into the SO99+ machine learning engines. By incorporating this advanced modeling technique, SO99+ delivers unmatched machine learning scalability and results, ensuring faster processing and major forecast accuracy improvements. - Flexible Forecast Aggregation that simplifies demand planning by allowing demand teams to plan at the aggregate level, while retaining the variables and details necessary for accurate supply planning processes. This ensures higher-quality, more flexible forecasts because SKUs are no longer restricted to a single hierarchical view. “As businesses continue to face significant disruptions across their supply chains, new challenges are constantly rising to the forefront. Demand planners need to be able to act quickly and decisively,” says ToolsGroup CEO, Inna Kuznetsova. “With this release, we have improved the power of our demand planning and demand sensing abilities in SO99+ and further enable our customers to navigate uncertainty and make the most informed planning decisions faster. More accurate forecasts translate into less waste and greater customer satisfaction, making supply chains a force for good in demand.” These exciting new capabilities add to the industry leading innovations in SO99+ which include: - Probabilistic Forecasting that combines historical, real-time, and other demand-relevant data into an probabilistic model that determines the possibility (and likelihood) of a range of outcomes, accounting for risk and enabling greater planning dexterity. It seamlessly self-adjusts to a wide variety of demand behaviors, generating optimal forecasts in uncertain demand scenarios. - Demand Sensing that helps users better leverage granular data to capture changes in the market before they happen, ensuring proactive adjustments in demand planning and lower downstream latency while still delivering optimal service levels, ensuring fewer lost sales and increased revenues. - Self-Adaptive, Frequency-Based Forecasting that effectively forecasts both fast-moving items and products with intermittent demand by capturing network-wide changes and events and accounting for both order size and order frequency, delivering the most accurate forecast available. - Machine Learning Engines that are mapped to every unique attribute that can affect a forecast, from seasonality and promotions to causals and external factors, ensuring the most accurate and robust forecasts on the market. With SO99+, ToolsGroup provides the power of dynamic planning to over 365 customers across 45 countries, enabling intelligent decision making at the speed of business that transforms supply chain performance. Customers report a 5-10 percentage point improvement in forecast accuracy and a 3-5 percentage point increase in service levels while simultaneously achieving a 20-30% inventory reduction. Built-in automation cuts the planning workload by up to 90% and helps companies reduce waste by 10-30%. For more information about SO99+, read our blog on the 8.6 release HERE. 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 fast, 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 Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

February 28, 2023 10:30 AM Eastern Standard Time

Multipolar Development Corporation Electric Machine Prototype Promises Unprecedented Versatility

Multipolar Development Corporation

Multipolar Development Corporation (MDC) an electrical and automation engineering company announced details on its patented multipolar electric vehicle (EV) propulsion enhancement system today. The company has begun construction and testing of a physical prototype of its novel multipolar electric vehicle propulsion enhancement system. MDC’s Recent successes with finite element method (FEM) models of the system have paved the way for the development of the first iteration of the revolutionary electric machine design. “The technology is performing even better than we anticipated,” stated MDC CEO and inventor, Shaun McCutcheon. “We fully intend to shock the EV industry as our patented technology advances it to a new level of efficiency and performance.” Multipolar Technology™ manages the speed and torque of a DC electric machine directly through advanced intelligent control, requiring fewer external drive components and power connections and eliminating the need for brushes and commutators. Breaking the “medium voltage” barrier The innovative Multipolar approach is a response to the rapidly growing demand for high-power electric machines. In addition to the push to replace internal combustion motors with greener alternatives, there’s an increasing need for more efficient DC electric generators, particularly at an industrial scale. With heavy industrial applications and electric vehicles (EV's) being the next phase for green initiatives, Multipolar marks a significant milestone in machine technology. The increased efficiency and scalability of MDC’s patented design will allow its DC machines to operate at voltages of 2000 V and above (medium voltage above 1 kV) – something that has been traditionally impractical for DC electric machines. Long-term use, electrical arcing, and environmental conditions lead to mechanical wear and imperfections that reduce efficiency in high-power motor and generator applications. By using its unique control system to dynamically alter a machine’s pole configuration, Multipolar can compensate for these conditions in real time to offset inefficiencies and accumulated mechanical defects. Ultimate versatility and customization The biggest advantage of Multipolar machines is versatility. Traditional DC electric machines have a fixed design and operation. With a Multipolar DC machine, however, the performance can be optimized for the demands of each end device or system using software and machine learning. Engineer and electric motor consultant Thomas Neroda stated, “The major advantage of the Multipolar machine is the performance versatility. With almost unlimited performance configurations, the machine can be uniquely adapted to match the requirements of the end application.” The Multipolar machine will allow end-product designers to use a custom controller with multiple performance options and settings. An array of sensors will inform intelligent software, both at setup and during operation, not only to optimize performance to meet initial design specifications but also to maintain that efficiency and performance under dynamic conditions. With a range of operational speeds at full power, designers will even be able to repurpose Multipolar machines when applications or operational demands change. The upcoming Multipolar electric machine prototype, expected to be completed in mid-2023, will demonstrate the practicality of an intelligent multipolar DC electric machine design setting the stage for further research and production including new Multipolar Universal AC/DC Machines. “At a time where political leaders in the United States are seeking to position the country as a global leader in EV manufacturing, the introduction of our technology has perfect timing,” Shaun McCutcheon continued. “With more than $3 billion expected to be invested into the domestic electric vehicle industry by the U.S. Department of Commerce, and likely even more from private investors, we expect significant interest in the technology our team of engineers developed.” Multipolar Development Corporation is an Austin, TX-based C-Corp comprised of energy, electric, and automotive engineering experts. ### Please visit: www.MultipolarMachine.com for more information. For more information or to schedule an interview with Shaun McCutcheon, please contact Dan Rene of kglobal, at daniel.rene@kglobal.com or 202-329-8357. Contact Details Dan Rene +1 202-329-8357 daniel.rene@kglobal.com Company Website https://www.multipolarmachine.com/

February 28, 2023 10:00 AM Eastern Standard Time

i2Coalition Launches Ethical Web Data Collection Initiative to Promote Industry Best Practices

Ethical Web Data Collection Initiative

The initiative is an international, industry-led consortium of web data collectors focused on strengthening public trust of the web scraping industry, and developing principles that will lead to greater accountability Web data aggregators (“web scraping”) gather available data from around the Internet; enabling consumer confidence, commercial innovation, and community safety. To drive further awareness of and public trust in this crucial digital ability, the Internet Infrastructure Coalition (i2Coalition) has announced the launch of the Ethical Web Data Collection Initiative (EWDCI). This international, industry-led, and member-driven consortium of web data aggregation business leaders is focused on encouraging dialogue and improving digital peace of mind for consumers and companies. By establishing the EWDCI, the i2Coalition seeks to foster cooperation within the data aggregation industry and build a framework to establish an open, participatory process around the development of legal and ethical web scraping provider principles that will lead to greater accountability. The EWDCI is actively seeking more members of the data scraping field dedicated to establishing best practices to join and help shape the initiative’s early efforts. “The public deserves digital peace of mind, and ‘scraping’ doesn’t have to be a dirty word when it is done responsibly, but responsibility needs defining,” said Christian Dawson, the i2Coalition’s Executive Director. “As with any industry in these early stages, it has a unique opportunity to have a hand in how it is developed and perceived.” The web data aggregation industry is young and growing, and the founding members of the EWDCI are committed to serve as the voice of this emerging industry. This means collaboratively building public trust in the practice of data aggregation, promoting ethical guidelines, and helping businesses make informed data aggregation choices. Founding EWDCI members include five companies: Coresignal, Oxylabs, Smartproxy, Rayobyte, and Zyte. Web scraping enables business innovation and competition, provides consumer benefits—including serving accurate information and comprehensive pricing—and facilitates thorough data analysis for academic and public safety purposes. Some noteworthy use cases include: E-commerce price intelligence, including up-to-the-minute comparative information on same-item pricing across the internet Jobs and real estate listing aggregation Social listening and brand monitoring Alternative data for investment decision-making Businesses performing a thorough review of consumer trends and competitor companies worldwide to best position themselves for success Companies scanning the Internet data for illicit uses of their intellectual property Businesses confirming validity of marketing spend via ad verification Data aggregation companies supplying pro-bono scraped data to academic researchers, providing them vast data stores for essential research To properly provide these benefits to consumers, companies, and the public at large, data aggregators need to follow ethical practices. Such dedication will serve to further understanding of the data aggregation practice and process, and further the adoption of this technology. Key to this is a safe and community-minded application of aggregation, and therefore a positive reputation for the practice and its practitioners. The i2Coalition is the leading voice for businesses that build the internet, and has spearheaded the creation of similar efforts to create standardized industry benchmarks—such as the VPN Trust Initiative, which determined and promoted best practices for that vital industry. “The EWDCI aims to reach companies with this message of ethical data aggregation, as well as to educate consumers at large and legislators worldwide in the interest of informed, empowered action,” said Dawson. “This will promote industry-led stewardship of important—and already widely adopted—technology in the interest of solving any present challenges and setting the industry up for forthcoming success.” To learn more about the EWDCI, please visit www.ethicalwebdata.com. To become a member, please email Hilary Osborne. To learn more about the i2Coalition, please visit www.i2Coalition.com. About The Ethical Web Data Collection Initiative The Ethical Web Data Collection Initiative (EWDCI) seeks to foster cooperation in the web data collection and aggregation industry and leverage collective first-hand knowledge and insights to advocate for beneficial technical standards and business best practices regarding the aggregation of data. The EWDCI is dedicated to serving as the voice of the industry, collaboratively strengthening public trust in the practice of Data Aggregation, promoting ethical guidelines, and helping businesses make informed data aggregation choices. About the i2Coalition The Internet Infrastructure Coalition (i2Coalition) is the leading voice for web hosting companies, data centers, domain registrars and registries, cloud infrastructure providers, managed services providers, and related tech. The i2Coalition works with Internet infrastructure providers to advocate for sensible policies, design and reinforce best practices, help create industry standards, and build awareness of how the Internet works. The i2Coalition also spearheaded the creation of the VPN Trust Initiative, which determined and promoted best practices for that vital industry. Contact Details Aaron Alberico +1 202-744-0786 aalberico@raynoravenue.com Company Website https://ethicalwebdata.com/

February 28, 2023 09:30 AM Eastern Standard Time

Privacy Is More Important Than Ever In The New Age Of AI – Tech CEO Alain Ghiai Explains

Sekur Private Data Ltd

By Faith Ashmore, Benzinga AI art has been taking the internet by storm lately. Apps like Lensa AI allow users to take a selfie and have it transformed into avatars, whether it be a goddess, superhero, or Renaissance-era portrait. CEO Alain Ghiai of Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) recently spoke to New to The Street to share his concerns about the data privacy around these seemingly harmless apps. Ghiai warns viewers about the danger of AI apps because when users engage in these platforms, the platforms gain access to facial recognition. He shares, “these apps, like Lensa AI and others like it, entice people to give away your personal details and your facial unique features, and it's a trap. Essentially you are being fooled to give your facial recognition features.” Ghiai explains that Big Tech platforms are known for cybersecurity breaches but more concerningly, they sell and rent your data, and the companies and people they sell that data to, are not protecting users’ data from hackers. He estimates that the data lending business is worth around $185 billion yearly. While there have been some updates to privacy laws that Big Tech companies and apps have to adhere to, the laws aren’t too strict and Terms & Conditions do not guarantee safety. Recently California and the European Union enacted new privacy changes on data which has led to an increase in privacy policy updates, but this does not prevent Big Tech platforms from mining and selling personal data. This is what makes Sekur such an appealing company to individuals who are concerned about their privacy. Sekur is a US-listed cybersecurity and internet privacy company with roots in Switzerland that provides private and secure communications and data management. It uses military-grade encryption security and combines it with its proprietary encryption and Swiss data privacy laws. The Swiss are known for their tough privacy laws and willingness to penalize tech providers who violate those laws. Sekur is best known for its corporate products like SekurMail and SekurMessenger which offer users complete privacy. Capitalizing on the strict Swiss privacy laws, Sekur has built a brand that prides itself on state-of-the-art technology allowing for secure communication. The company recently announced its advancement into a new market with its new Swiss hosted and highly encrypted VPN product, SekurVPN. Ghiai explains that privacy is in the company’s DNA. Every product is designed with privacy as a foundation. For Ghiai, allowing people to divest from Big Tech platforms and have access to products like SekurMail or SekurMessenger gives people peace of mind and protects them from exploitation. He compares Big Tech companies to “advertising agencies,” and Sekur has a strict policy of never selling, lending, or renting data. In a way, Sekur is democratizing privacy. This article was originally published on Benzinga here. Sekur Private Data Ltd. is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes a suite of secure cloud-based storage, disaster recovery, document management, encrypted e-mails, and secure communication tools. Sekur Private Data Ltd. sells its products through its websites www.sekur.com and www.sekursuite.com, and approved distributors, and telecommunications companies worldwide. Sekur Private Data Ltd. serves consumers, businesses and governments worldwide. This post contains sponsored advertising content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Corporate Department corporate@sekurprivatedata.com Company Website https://sekurprivatedata.com

February 28, 2023 09:15 AM Eastern Standard Time

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With Current, Payday Arrives Two Days Earlier

Current

By Faith Ashmore, Benzinga In the late 1990s, direct electronic deposit was introduced to employees, and since then it has become the primary method of payment when it comes to employment. Today, more than 93% of U.S. workers receive their pay by direct deposit — 99% of social security payments and the majority of Veteran Affairs payments, whether that be GI bills or disability checks, also come through direct deposit. While some people still receive checks or cash, the reliability and efficiency of direct deposit are attractive. While workers count on the reliability of their scheduled direct deposits, they are increasingly seeking more. A 2018 ADP survey showed that employees are longing for more customization to a pay schedule because a fixed pay schedule, while consistent, doesn’t always align with personal needs and lifestyles. In general, the earlier an employee could access their money, the better. Who wouldn’t want to receive their paycheck earlier? Fintech Current has created a system that makes it possible for people to get their paychecks faster. With Current, you can get paid up to two days earlier. 1 For those living paycheck to paycheck when bills often fall on the same day as paychecks, two days can make a world of difference. Current is a new type of banking alternative, and a lot of the features could be ideal for individuals looking for the assurance of always being able to pay their bills on time. It is built around the idea that people deserve financial flexibility and freedom in their everyday life. How Does Current’s Direct Deposit Work? When you sign up for direct deposit with your Current account, you provide your employer with your banking information. Once your employer registers your information in their system, the Federal Reserve sends all applicable information (like how much you get paid and the payment schedule) to Current. From there, Current takes it upon itself to credit your account up to two days before your scheduled payday. Current has several other features that are really appealing. The mobile banking app also lets you overdraft up to $200, pending approval, with no overdraft fees. 2 There are no minimum balance fees either. Current’s app also allows for buying and selling crypto without trading fees, conveniently all in one place, with the cash from your crypto sales immediately then available to spend from your Current account. For individuals who aren’t looking to invest in a volatile market, the fintech offers savings accounts with up to 4.00% APY. 3 With its range of features, Current is making banking simple while giving individuals access to their money at unprecedented speed. This article was originally published on Benzinga here. Current is a leading U.S. financial technology platform serving the needs of Americans who are working to create a better future for themselves. Our mission is to enable members to change their lives by creating better financial outcomes. Leveraging the best technology, we deliver inspirational and motivational products as we all move forward in a world of increasing digitization and complexity. Current is a financial technology company, not a bank. Banking services provided by Choice Financial Group, Member FDIC. The Current Visa Debit Card is issued by Choice Financial Group pursuant to a license from Visa U.S.A. Inc. and may be used everywhere Visa debit cards are accepted. 1Faster access to funds is based on comparison of traditional banking policies and deposit of paper checks from employers and government agencies versus deposits made electronically. Direct deposit and earlier availability of funds is subject to timing of payer's submission of deposits. 2 Please refer to Overdrive™ Features Terms and Conditions. Out of network cash withdrawal fees, third-party, and adding cash fees may apply. 3 The Annual Percentage Yield ("APY") for Current Interest is variable and may change at any time. The disclosed APY is effective as of January 18, 2023. Qualifying direct deposit of more than $200 required for 4.00% APY. No minimum balance required. Must have $0.01 in savings pods to earn Current Interest on up to $2000 in deposits per Savings Pod up to $6000 total. Please refer to Current Interest Terms and Conditions. Current - Banking for Modern Life Cryptocurrency services are powered by Zero Hash LLC and Zero Hash Liquidity Services LLC, and may not be available in all states. Licensed to engage in Virtual Currency Business Activity by the New York State Department of Financial Services. Terms and conditions apply. All forms of investments carry risks, including the possible loss of principal. Cryptocurrency is not subject to FDIC or SIPC coverage. Contact Details Erin Bruehl media@current.com Company Website https://current.com

February 28, 2023 09:00 AM Eastern Standard Time

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