All Industries

West Red Lake Gold (WRLG.V) hits 5.5 Meters @ 25.12 g/t as U.S. Federal Debt Goes up $1 Trillion Every 100 Days

West Red Lake Gold Mines Ltd.

March 12, 2024 – TheNewswire – Global Stocks News – In a press release dated March 4, 2024, West Red Lake Gold Mines (TSXV:WRLG) (OTC:WRLGF) drill results from the high-grade South Austin Zone, which currently contains an Indicated mineral resource of 474,600 ounces, grading 8.7 grams per tonne gold, with an additional Inferred resource of 31,800 oz grading 8.7 g/t Au. “We hit some high-grade intercepts, with visible gold showings,” Will Robinson VP of Exploration told Guy Bennett, CEO of Global Stocks News. “When the team saw that, we added additional holes to that station to flush those areas out, up dip and down.” “We planned this program so that we could be nimble, stay fluid,” continued Robinson. “We’re not just drilling a station, moving off it, and waiting for the results. We’re focused on maximising exploration dollars and building high confidence ounces, in preparation for our plan to restart the Madsen Mine.” The company’s flagship asset - The Madsen Gold Mine – is debt free, fully permitted, with a brand-new 800+ tonne per day mill, a tailings and water treatment facility. [ 1 ] Click Image To View Full Size The Madsen Mine deposit presently hosts an NI 43-101 Indicated resource of 1.65 million ounces of gold grading 7.4 g/t gold and an Inferred resource of 0.37 Moz of gold grading 6.3 g/t gold. [2.] [3.] This asset was once valued at over a billion dollars, about 8X the current market cap of WRLG. There is smart money heavily invested in the current project - Frank Guistra (11.8%); Sprott Resource (23.4%). March 4, 2024 Drill Highlights: Hole MM24D-12-4640-012 Intersected 5.5m @ 25.12 g/t Au, from 24.0m to 29.5m, Including 1.0m @ 134.90 g/t Au, from 25.0m to 26.0m. Hole MM24D-12-4640-008 Intersected 3.0m @ 12.58 g/t Au, from 45.0m to 48.0m, Including 1m @ 37.40 g/t Au, from 45.0m to 46.0m; And 2.0m @ 39.46 g/t Au, from 64.0m to 66.0m, Including 1.0m @ 76.18 g/t Au, from 64.0m to 65.0m. Hole MM24D-12-4640-018 Intersected 4.0m @ 18.60 g/t Au, from 41.0m to 45.0m, Including 1.0m @ 55.69 g/t Au, from 43.0m to 44.0m. Hole MM24D-12-4640-003 Intersected 11.0m @ 6.75 g/t Au, from 47.0m to 58.0m, Including 1.0m @ 17.01 g/t Au, from 47.0m to 48.0m, Also including 1.0m @ 10.52 g/t Au, from 51.0m to 52.0m; Also Including 0.5m @ 18.68 g/t Au, from 54.0m to 54.5m, Also including 0.5m @ 14.37 g/t Au, from 56.5m to 57.0m. Hole MM24D-12-4640-021 Intersected 6.45m @ 10.43 g/t Au, from 36.0m to 42.45m, Including 0.75m @ 49.68 g/t Au, from 39.25m to 40.0m. Hole MM24D-12-4640-019 Intersected 3.0m @ 7.75 g/t Au, from 35.0m to 38.0m, Including 1.0m @ 17.73 g/t Au, from 35.0m to 36.0m. Click Image To View Full Size “The team has been making great progress de-risking the Madsen deposit with definition drilling as we continue to build up an inventory of high-grade and high-confidence ounces that will prove invaluable during the initial ramping up of mine production,” stated WRLG President & CEO Shane Willams in the March 4, 2024 press release. “The Mine Operations team is working in tandem with geology to ensure the underground drills get to the highest priority areas of the deposit,” continued Williams. “The excellent results highlighted in this release are indicative of the upside that still exists at Madsen even within the current life-of-mine resource inventory.” Click Image To View Full Size The strategy for the Madsen Mine Restart is: 1. De-risk Resources (in-fill and expansion drilling, UG development; 2. Restart Planning (engineering, mill expansion assessment, optimisation; 3. Restart Execution (assembling team, community relations, focus on operability and profitability). “The previous operator was under-capitalised,” Willams told Bennett. “Debt repayment obligations forced the company into a quick-to-cash-flow mine model that was ultimately expensive and inefficient”. The profitability of a potential future mine at Madsen will be impacted by the price of gold. Gold is currently at an all time high of USD $2,186. Gold is up 5% in the last week, and 18% in the last 12 months. There is growing sentiment that the U.S. accumulated debt is going to sink the value of the U.S. dollar. “Who thinks this is sustainable?” asked WRLG co-founder and shareholder Frank Giustra on X. “The U.S. national debt is rising by $1 trillion about every 100 days.” https://twitter.com/Frank_Giustra/status/1763653676969967759 A long chain of zeros can be difficult to mentally process. Approximately 100 million U.S. citizens pay income tax to the federal government. Currently, each of those tax payers is burdened with an additional $100 debt per day (about $35,000 per year.) There is no model, no projection, no blue-sky story that explains how this money can ever be re-paid. If you’ve tried living off your credit cards, you know how this story ends. Because the debt is based on fiat currency (paper money), it is easy to manipulate supply, by printing more money. No act of Congress can magically make a tonne of gold appear on the lawn of the White House. In this inflationary environment, investing in hard assets like gold can be an effective strategy to protect and grow wealth. One of the key drivers of the bullish gold price momentum is “de-dollarization” by Central governments. “The World Gold Council reported that central banks bought 1,037 tons of gold in 2023 (worth $80 billion) just below the all-time record from 2022,” stated Business Insider. “ China's gold-buying spree has been going strong for 16 consecutive months. The People's Bank of China added roughly 390,000 troy ounces of the key metal in February, according to government data cited by Bloomberg on Thursday. In total, China's central bank holds 72.58 million troy ounces of gold, or roughly 2,257 tons.” “We have been focusing drill programs to test gold values in the Austin, North Austin, and South Austin Zones at Madsen,” Jill Christmann Chief Geologist at told Bennett. “On November 21, 2023 initial drilling at the North Austin Zone returned intercepts of 27.15 g/t gold over 10.28 meters and 22.31 g/t gold over 8.5 meters. On December 5, 2023, we reported intercepts at the South Austin zone of 47.44 g/t gold over 3.2 meters and 21.64 g/t gold over 7 meters and 296.83 g/t gold over 1 meter. On February 7, 2024 we reported 9.15 g/t gold over 3.3 meters and 10.66 g/t gold over 2.6 meters at North Austin Zone. Click Image To View Full Size Much of the opportunity for growth within the North and South Austin extensions is an unmined area, away from historic workings. “The purpose of this drilling was definition within South Austin to continue building an inventory of high-confidence ounces for eventual restart of the Madsen mill,” stated WRLG in the March 4, 2024 press release. “Notably, visible gold was observed in holes MM24D-12-4640-008 and -012.” “Based on these observations, additional holes were added to the drill station to further define these high-grade zones up and down plunge.” References: SRK Consulting. (2021). Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada (West Red Lake Gold Mines, Ed.) [Review of Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada. Mineral resources are estimated at a cut-off grade of 3.38 g/t Au and a gold price of US1,800/oz. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca Mineral resources that are not mineral reserves do not have demonstrated economic viability. Please refer to the technical report entitled “Independent NI 43-101 Technical Report and Updated Mineral Resource Estimate for the PureGold Mine, Canada”, prepared by SRK Consulting (Canada) Inc. and dated June 16, 2023. The Madsen Resource Estimate has an effective date of December 31, 2021 and excludes depletion of mining activity during the period from January 1, 2022 to the mine closure on October 24, 2022 as it has been deemed immaterial and not relevant for the purpose of the updated report. A full copy of the SRK report is available on the Company’s website and on SEDAR+ at www.sedarplus.ca Contact: guy.bennett@globalstocksnews.com Full Disclaimer

March 12, 2024 09:01 AM Eastern Daylight Time

Image

News Release

BYND Cannasoft Enterprises Inc. Announces Pricing of $7.0 Million Underwritten Public Offering

BYND Cannasoft Enterprises

ASHKELON, Israel and VANCOUVER, British Columbia – TheNewswire – March 12, 2024 - BYND Cannasoft Enterprises Inc. (Nasdaq:BCAN) (CSE:BYND) (“BYND Cannasoft” or the “Company”) an Israeli-based integrated software and cannabis company, today announced the pricing of a firm commitment underwritten public offering with gross proceeds to the Company expected to be approximately $7.0 million, before deducting underwriting fees and other estimated offering expenses payable by the Company. The offering consists of 116,666,667 Units, each consisting of one (1) Common Share or Pre-Funded Warrant to purchase one Common Share, one (1) Series A Warrants to purchase one (1) Common Share per warrant, and two (2) Series B Warrants to purchase, each to purchase one (1) Common Share. The public offering price per Unit is $0.06 (or $0.0599 for each Unit with a Pre-Funded Warrant, which is equal to the public offering price per Unit with a Common Share to be sold in the offering minus an exercise price of $0.0001 per Pre-Funded Warrant). The Pre-Funded Warrants will be immediately exercisable and may be exercised at any time until exercised in full. The initial exercise price of each Series A Warrant is $0.09 per common share or pursuant to an alternative cashless exercise option. The Series A Warrants are exercisable immediately and expire 30 months after the initial issuance date. The initial exercise price of each Series B Warrant is $0.102 per common share. The Series B Warrants are exercisable immediately and expire 60 months after the initial issuance date. In addition, the Company has granted Aegis Capital Corp. ("Aegis") a 45-day option to purchase up to an additional 15% of the total number of Common Shares and/or Pre-Funded Warrants and/or Series A Warrants and/or Series B Warrants sold in the offering, solely to cover over-allotments, if any. Aggregate gross proceeds to the Company are expected to be approximately $7.0 million. The transaction is expected to close on or about March 14, 2024, subject to the satisfaction of customary closing conditions. The Company expects to use the net proceeds from the offering for general corporate purposes and working capital. Aegis Capital Corp. is acting as the sole book-running manager for the offering. Louis A. Brilleman, Esq. is acting as U.S counsel to the Company and Owen Bird Law Corporation is acting as Canadian counsel to the Company. Kaufman & Canoles, P.C. is acting as U.S. counsel to Aegis Capital Corp. A registration statement on Form F-1 (No. 333-277464) previously filed with the U.S. Securities and Exchange Commission (the "SEC") on February 28, 2024, as amended, was declared effective by the SEC on March 11, 2024. The offering is being made only by means of a prospectus. A final prospectus describing the terms of the offering will be filed with the SEC and will be available on the SEC's website at www.sec.gov. Electronic copies of the final prospectus may be obtained, when available, by contacting Aegis Capital Corp., Attention: Syndicate Department, 1345 Avenue of the Americas, 27th floor, New York, NY 10105, by email at syndicate@aegiscap.com, or by telephone at +1 (212) 813-1010. Before investing in this offering, interested parties should read in their entirety the prospectus, which provides more information about the Company and such offering. This press release shall not constitute an offer to sell or a solicitation of an offer to buy, nor shall there be any sale of these securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. About BYND Cannasoft Enterprises Inc. BYND Cannasoft Enterprises is an Israeli-based integrated software and cannabis company. BYND Cannasoft owns and markets "Benefit CRM," a proprietary customer relationship management (CRM) software product enabling small and medium‐sized businesses to optimize their day‐to‐day business activities such as sales management, personnel management, marketing, call center activities, and asset management. Building on our 20 years of experience in CRM software, BYND Cannasoft is developing an innovative new CRM platform to serve the needs of the medical cannabis industry by making it a more organized, accessible, and price-transparent market. The Cannabis CRM System will include a Job Management (BENEFIT) and a module system (CANNASOFT) for managing farms and greenhouses with varied crops. BYND Cannasoft owns the patent-pending intellectual property for the EZ-G device. This therapeutic device uses proprietary software to regulate the flow of low concentrations of CBD oil, hemp seed oil, and other natural oils into the soft tissues of the female reproductive system to potentially treat a wide variety of women's health issues. The EZ-G device includes technological advancements as a sex toy with a more realistic experience and the prototype utilizes sensors to determine what enhances the users' pleasure. The user can control the device through a Bluetooth app installed on a smartphone or other portable device. The data will be transmitted and received from the device to and from the secure cloud using artificial intelligence (AI). The data is combined with other antonymic user preferences to improve its operation by increasing sexual satisfaction. Commercialization of the EZ-G device is subject to receipt of regulatory approvals. For Further Information please refer to information available on the Company’s website: www.cannasoft-crm.com, the CSE’s website: www.thecse.com/en/listings/life-sciences/bynd-cannasoft-enterprises-inc and on SEDAR+: www.sedarplus.ca. Gabi Kabazo Chief Financial Officer Tel: (604) 833-6820 e‐mail: ir@cannasoft-crm.com Cautionary Note Regarding Forward-Looking Statements This press release includes certain statements that may be deemed “forward-looking statements” within the meaning of Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. When used in this press release, the words “may”, “would”, “could”, “will”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “expect” and similar expressions are intended to identify forward‐looking statements. Those forward-looking statements include, without limitation, statements regarding the Company's expectations for the growth of the Company's operations and revenue. Such statements are subject to certain risks and uncertainties, and actual circumstances, events or results may differ materially from those projected in such forward-looking statements. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance, and actual events or developments may differ materially from those in forward-looking statements. Such forward-looking statements necessarily involve known and unknown risks and uncertainties, which may cause the Company’s actual performance and financial results in future periods to differ materially from any projections of future performance or results expressed or implied by such forward-looking statements. Such statements reflect the Company's current views with respect to future events and are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including future financial performance, unanticipated regulatory requests and delays, final patents approval, and those factors discussed in filings made by the company with the Canadian securities regulatory authorities, including (without limitation) in the company's management's discussion and analysis for the year ended December 31, 2022 and annual information form dated March 31, 2023, which are available under the company's profile at www.sedar.com, and in the Company’s Annual Report on Form 20-F for the year then ended that was filed with the U.S. Securities and Exchange Commission on April 27, 2023. Should one or more of these factors occur, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. We do not intend and do not assume any obligation to update these forward‐looking statements, except as required by law. Any such forward-looking statements represent management's estimates as of the date of this press release. While we may elect to update such forward-looking statements at some point in the future, we disclaim any obligation to do so, even if subsequent events cause our views to change. Shareholders are cautioned not to put undue reliance on such forward‐looking statements.

March 12, 2024 09:00 AM Eastern Daylight Time

New Study Shows Wave of AI Upskilling Among Independent Workers

MBO Partners

In response to the growing demand for AI-skilled talent, a recent study by MBO Partners suggests that employers should turn to independent workers for essential AI expertise. The study highlights that 37% of independent workers are currently incorporating Gen AI into their daily tasks, with a significant 59% using it across various applications. Despite being relatively new, a surprising 74% of independents are already familiar with AI and are planning to enhance their AI adoption and skills. The study reveals a doubling down on AI among independents, with the share of users projected to reach 73% by 2025. According to a Dec 2023 workforce study from Amazon, hiring AI-skilled talent is a priority among 73% of employers—but three out of four who consider it a priority can’t find the AI talent they need. Artificial intelligence is already transforming the workplace—from how businesses operate to how work gets done. With substantial potential to improve operational efficiency, worker productivity, and decision-making, employers said they would be willing to pay higher wages to employees with AI skills and expertise. “As AI becomes table stakes, any enterprise that doesn’t incorporate AI effectively into the business will drastically shrink its competitive footprint,” said Miles Everson, CEO of MBO Partners. “The encouraging aspect is the expansive and burgeoning pool of skilled independents who are not just keeping pace but leading the curve in AI knowledge. On the flip side, independents who fail to position themselves favorably relative to AI will have a more challenging time securing engagements with enterprise clients.” Key findings from MBO’s Exploring New Frontiers: How Independent Workers View and Use Generative AI in 2024 and Beyond reveal: When it Comes to AI, Independents are Fearless, Proactive, and Future-Ready When it comes to embracing AI, independent workers emerge as the fearless, proactive leaders. Only 8% of independents foresee their work facing immediate replacement by AI or ChatGPT in the next five years—a significantly lower percentage compared to the 13% reported by traditional workers. Taking a forward-thinking approach, independents are proactively leveling up on AI skills to deliver increased customer value and reduce the risk of replacement. MBO’s study found that 74% of independent workers showcase familiarity with Gen AI, with 37% already integrating it into their daily tasks. Among this group, 59% leverage Gen AI across diverse applications, enabling them to delegate routine tasks and freeing up valuable time for more intricate, value-driven aspects of their work. This trend underscores the emergence of a substantial pool of experienced, on-demand AI talent within independent workers. As this cohort continues to grow, enterprises have a unique opportunity to harness deep AI-augmented skill sets. Independents use AI as a Small Business Accelerator As small business accelerators, Gen AI is proving to be a transformative tool for independent workers seeking heightened productivity and efficiency. A significant 51% of independents integrating Gen AI into their daily tasks attest to its high utility, with 26% finding it extremely useful and an additional 25% marking it as very useful. Impressively, only 15% deem Gen AI not useful. One on one interviews echo these sentiments, with independent workers consistently highlighting how Gen AI contributes to increased productivity and time savings. Across the board, these workers report substantial productivity improvements ranging from 15% to 30%, aligning seamlessly with broader studies showcasing Gen AI's positive impact on overall business efficiency. In fact, forget hiring extra hands. With the right prompt, generative AI can accomplish tasks in minutes (or seconds) that require hours (or days) for humans to accomplish. The study revealed that independents are using AI for research assistance (39%), a marketing partner (27%) or even an IT administrator (9%). All of these roles are additive rather than sublative, and workers are becoming increasingly adept at using AI as a colleague. The AI Revolution Among Independents is Just Beginning While the independent worker shift towards Gen AI is in its early stages, AI holds big promises for the independent workforce. Looking into 2024 and beyond, the time has come to determine how AI sits in relation to employees and contingent labor. More specialized Gen AI tools and vertical market applications are also quickly becoming available. Most of these Gen AI tools are either free add-ins to existing software applications (Microsoft Office co-pilots, for example), or low cost. Because of this, they are easily accessible to independent workers. This points to a doubling of Gen AI adoption, reaching 73% among independent workers within the next two years. Only 24% of independent workers currently abstain from Gen AI, and almost all current users (97%) plan to continue usage. For more insights and detailed data, visit www.mbopartners.com/state-of-independence/ai-in-the-future-of-work About MBO Partners® MBO Partners is a deep job platform that connects and enables independent professionals and microbusiness owners to do business safely and effectively with enterprise organizations. Its unmatched experience and industry leadership enable it to operate on the forefront of the independent economy and consistently advance the next way of working. For more information, visit mbopartners.com Contact Details Words For Hire Karen Swim +1 586-461-2103 karen@wordsforhirellc.com Company Website https://mbopartners.com

March 12, 2024 09:00 AM Eastern Daylight Time

Nanonets Raises $29M from Accel to create Autonomous AI Agent for back office operations

Nanonets

Nanonets, a leading AI-based workflow automation platform, raised $29 million in a Series B funding round led by Accel. The funding round also saw participation from existing investors Elevation Capital, YCombinator and others. This takes the total funding raised till date to $42M. Over the last 2 years, Nanonets has seen extensive growth in their customer base, with over 34% of the Global Fortune 500 companies having used their AI-based workflow automation platform across Finance, Accounting, Operations and several other business use-cases. Their user base has grown 4x in the last 12 months. "The internet was going to kill paper but businesses today are producing more documents than ever, just in new forms. Email, PDF contracts, whitepapers, etc. There are millions of highly skilled professionals stuck looking for needles in haystacks and entering this data from these documents into different software. Nanonets uses cutting edge AI to automate these different processes. We are taking the most repetitive and mundane office work and automating it” said Sarthak Jain, CEO and Co-Founder of Nanonets. A majority of Nanonets’ revenue comes from automating finance processes such as Accounts Payable, Reconciliation, etc. A typical invoice takes 15 minutes to process manually, with processes such as entering an invoice into the ERP, matching against the purchase order, GL-code lookup followed by approvals; Nanonets brings this down to under a minute. Nanonets’ primary innovation is their ability to guarantee Straight Through Processing (STP), the percentage of data processed without any manual intervention. Other Generative LLMs tend to struggle with STP due to data hallucinations, hindering the large-scale adoption of Autonomous Agents for end-to-end tasks. The Turing test has evolved from humans being unable to differentiate an AI in conversation to humans being unable to differentiate an AI in performing tasks. Nanonets' Autonomous agents excel at performing tasks end-to-end. Additionally, their models, unlike other LLMs, learn instantly from new information, eliminating the need for complex training. Processing millions of documents monthly, Nanonets delivers over 90% STP rate, leading to significant productivity and cost savings. Abhinav Chaturvedi, partner at Accel, said, “We are thrilled to partner with Nanonets in their mission to revolutionize back-office operations with AI. Sarthak and his team have been dedicated to getting to the bottom of customer pain-points, and have built a powerful solution that fully automates business processes end-to-end. Nanonets stood out to us due to its comprehensive platform and its capability for Straight Through Processing (STP)- these qualities set Nanonets apart in the field of automation and have already demonstrated their positive impact to customers." About Nanonets Nanonets is a leading provider of intelligent automation solutions, revolutionizing business processes across industries. With a no-code platform and learnable decision engines, Nanonets enables organizations to make faster decisions and achieve unprecedented efficiency. Founded by Sarthak Jain and Prathamesh Juvatkar in 2017, Nanonets is headquartered in San Francisco. Learn more at https://nanonets.com About Accel Accel is a global venture capital firm that invests in people and their companies from the earliest days through all phases of private company growth. Investing in India for more than a decade, they have been the first, or among the earliest partners to many category-defining startups such as: Acko, Blackbuck, BrowserStack, Chargebee, CultFit, FalconX, Infra.Market, Moglix, Spinny, Swiggy, UrbanCompany, Zetwerk, and others. Accel helps ambitious entrepreneurs build innovative and durable businesses. More at https://www.accel.com/india-home Contact Details Nanonets Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://nanonets.com/

March 12, 2024 09:00 AM Eastern Daylight Time

Image

Sapphire Technologies Appoints Ayman Zeitoun as Vice President of Sales

Sapphire Technologies

Sapphire Technologies, developer and manufacturer of energy recovery systems for hydrogen and natural gas industrial applications, has appointed industry veteran, Ayman Zeitoun as Vice President of Sales. Drawing upon his extensive experience in sales leadership across various industries, including Oil & Gas, LNG, and Petrochemical industries, Zeitoun will be responsible for devising and implementing comprehensive sales strategies with the goal of meeting ambitious revenue targets. Zeitoun's ability to form strong partnerships with customers and identify new market opportunities will be critical in driving Sapphire Technologies' expansion efforts in emerging and growing markets globally. His knowledge of industry trends and customer needs will also help drive product development as well as optimize go-to-market strategies. Moreover, Zeitoun's track record of successfully completing large-scale projects in industries such as LNG, power generation, and clean energy make him highly qualified to spearhead the company's expansion into its next phase of growth. “Ayman’s appointment signifies a pivotal juncture in Sapphire Technologies' journey. After successfully securing a milestone funding round last year, our company continues to advance its mission of decarbonizing the industry,” said Freddie Sarhan, CEO of Sapphire Technologies. “Ayman's exceptional knowledge and strategic leadership, coupled with his unwavering commitment to excellence, will play a crucial role in helping us achieve our mission.” "This is an exciting time for the industry, and I am honored to join Sapphire Technologies and address the diverse needs of the industrial gas and LNG sectors," Zeitoun said. "The company's commitment to innovation and sustainability resonates deeply with my ethos, and I am confident that together, we will make significant strides in driving global decarbonization efforts and shaping a sustainable future." Before joining Sapphire Technologies, Zeitoun held prominent roles at global companies, including GE Oil & Gas, CCI, Atlas Copco, and Nikkiso, where his strategic insights and leadership led to remarkable achievements. Most recently, Zeitoun was Vice President of NESP Sales and Business Development at Nikkiso Clean Energy & Industrial Gases, where he successfully oversaw the closure of numerous high-profile projects worldwide. About Sapphire Technologies Sapphire Technologies is driving global decarbonization through developing and manufacturing energy recovery systems that harness the power of gas expansion to produce reliable and clean electricity. Sapphire Technologies’ systems are designed to convert energy wasted in pressure reduction processes into electric power without interrupting operations. By recovering this wasted pressure energy, Sapphire Technologies helps customers maximize efficiencies, improve productivity, reduce carbon emissions, offset electrical costs and achieve substantial financial returns. For additional information visit: https://www.sapphiretechnologies.com. Contact Details Kite Hill PR Lara Schembri Sant +1 202-262-5311 lara@kitehillpr.com Company Website https://www.sapphiretechnologies.com/

March 12, 2024 09:00 AM Eastern Daylight Time

Image

QuantaSing Group Posts Double-Digit Growth In Revenue, Registered Users In Fiscal Q2 Driven By Growing Demand For Its Senior Courses

QuantaSing

By Meg Flippin, Benzinga QuantaSing Group Ltd. (NASDAQ: QSG), the Chinese online learning service provider, posted double-digit revenue growth in Q2 of fiscal year 2024, buoyed by growing demand for the company’s courses aimed at seniors. For the three months ended December 31, 2023, QuantaSing reported revenue of RMB 980.5 million ($138.1 million), up 24.7% year-over-year. Net income in the quarter was RMB 107.6 million ($15.2 million). That compares to a net loss of RMB 41.4 million in the year-ago fiscal second quarter. The growth seen in the quarterly results was driven by a 44.6% increase in total registered users to 112.4 million from 77.8 million as of December 31, 2022. Paying learners increased 24.2% year-over-year to about 0.4 million. Looking out to the full fiscal year 2024, QuantaSing expects revenue to come in between RMB 900 million to RMB 930 million, representing a year-over-year increase of 11.5% to 15.2%. Capitalizing On The Aging China Population QuantaSing is one of the largest providers of online education for adults in China, focusing on both the learning and personal interest markets. Using cutting-edge technology including livestreaming and artificial intelligence, QuantaSing provides seniors with easy-to-understand, affordable and accessible online courses. It’s capitalizing on the aging population in China, which is growing at such rates the World Bank designated it a “super-aged society.” As of 2023 China had more than 297 million residents aged 60+, accounting for 21.1% of the total population. This group has money to spend and is on a quest to pursue hobbies and continuing education opportunities. It’s one of the reasons why the “silver economy” is valued at around RMB 7 trillion ($982 billion), and is forecast to surge to RMB30 trillion ($4.2 trillion) by 2035, according to China National Radio. “The evolving needs and desires of middle-aged and elderly people in China represent a significant opportunity for us,” Peng Li, Chairman and Chief Executive Officer of QuantaSing, said on a conference call to discuss second-quarter results with investors and analysts. “Last quarter, we saw a solid 24.7% increase in revenue, proving that our strategy to expand our course offerings is paying off. We are seizing the opportunity presented by growing demand for courses made for senior learners.” Livestreaming E-commerce And AI To boost its offering, QuantaSing has poured resources into several initiatives including integrating senior learning with livestreaming e-commerce and leveraging artificial intelligence to meet the strong demand it is seeing. Its livestreaming business, which it launched in June 2023, is initially focused on Chinese liquor. In its fiscal first quarter, QuantaSing’s live e-commerce business generated RMB 41.9 million in Gross Merchandise Value (GMV ). With a specialized team creating apps and AI tools, the company is looking for global opportunities and is adding staff to the team toward that end. QuantaSing plans to open AI offices in Hong Kong and Singapore shortly and is developing its own AI tools. QuantaSing isn’t the only learning platform company going after seniors in China. But it's trying to become the app older adults go to for all their learning. The idea is to become synonymous with senior learning in China similar to what Duolingo Inc. (NYSE: DUOL) did for learning a new language, Khan Academy has done for virtually educating students and Udemy Inc. (NASDAQ: UDMY) has done for business learning. That goal is being aided by the government in China, which recently introduced measures to strengthen the silver economy, such as urging enterprises to enhance their offerings for older adults including revamping apps and websites and creating standards for senior-friendly mobile devices. That will benefit QuantaSing as it should enhance the learning experience for its users from a hardware perspective, Li said during the earnings call. Streamlining Operations In addition to churning out new courses and offerings for seniors, the company is also overhauling how it recruits and retains new learners with an eye toward cutting costs. For instance, it recently upgraded its integrated business management process and now conducts pilot testing before rolling out new classes. It also now enables tutors to more easily manage tasks like one-click class reminders. Those efforts are paying off. The company said course completion rates and overall repurchases have increased. The repurchase rate for its standing mediation course, as one example, has increased to 32.8% in December 2023 from 18.4% in September. The goal is to streamline the operation system across all its courses. “As living standards improve, middle-aged and elderly people seek more than just health or longevity. They want experiences that will provide cultural and intellectual enrichment. Our diverse range of online courses includes many which are tailored to the interests of these demographics,” said QuantaSing’s CEO. “Our platform is dedicated to lifelong learning, and we have always emphasized user engagement and satisfaction. This means we are well equipped to fulfill user desire for intellectual stimulation and personal growth.” Featured photo by Alexander Schimmeck on Unsplash. QuantaSing is a leading online service provider in China dedicated to improving people’s quality of life and well-being by providing lifelong personal learning and development opportunities. The Company is the largest service provider in China’s online adult learning market and China’s adult personal interest learning market in terms of revenue, according to a report by Frost & Sullivan based on data from 2022. By leveraging its proprietary tools and technology, QuantaSing offers easy-to-understand, affordable, and accessible online courses to adult learners, empowering users to pursue personal development. Leveraging its extensive experience in individual online learning services and its robust technology infrastructure, the Company has expanded its services to corporate clients, and diversified its operations into its e-commerce business and its AI and technology business. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Leah Guo ir@quantasing.com Company Website https://ir.quantasing.com/

March 12, 2024 08:45 AM Eastern Daylight Time

Image

Knightscope (NASDAQ: KSCP) Is Making A Splash In The Robotic Industry With Revenue Increases Year Over Year

Benzinga

By Faith Ashmore, Benzinga Knightscope (NASDAQ: KSCP), a technology company ushering in the dawn of Autonomous Security Robots (ASRs), is entering 2024 after what it reports was a successful 2023; the company’s 10th year in business. Founded in 2013, Knightscope anticipated the growth of AI and robotics and got into the space early, setting the company on a path toward becoming a major player. Knightscope’s record has garnered attention across the nation. The company has consistently increased its revenue; in 2021 it reached $3.4 million, followed by $5.6 million in 2022, and the company believes the final amount for 2023 reached between $12-13 million in growth. Once confirmed, the company will have demonstrated consistent growth. One of the company’s most notable achievements in 2023 was its partnership with the NYPD, which placed its ASRs in the New York City subway system. However, Knightscope’s high-profile partnership with the NYPD is only part of the company’s success as interest grows in using ASRs to increase public safety. In 2023, Knightscope expanded into various industries including commercial real estate, universities, healthcare and casinos, among others. In the fall of 2023, a California community college invested over $1.5 billion in updating its facilities, including its safety and security measures. Knightscope was chosen as the vendor to replace the college's outdated emergency phone system with K1 Blue Light Towers. Now, the college has installed a total of 26 Towers and is adding six more to enhance its operations. Knightscope has also made strides in hospitality – they have secured contracts with hotels in Portland, Oregon, where their K5 Autonomous Security Robots will patrol the parking areas to ensure the safety of guests, employees and visitors. Last year saw more casinos partner with Knightscope; two casinos in Louisiana, located in Shreveport and Bossier City signed contracts to utilize Knightscope's K5 ASRs, making it the first ASR contract in the state. Those contracts added to ASRs already deployed in Nevada, Iowa, Illinois and California. The K5 ASR has been welcomed in the casino space as it greets guests with a friendly voice and provides an additional set of eyes and ears for the human security team. The company’s recent announcement of receiving its Authority to Operate (ATO) from the Federal Risk and Authorization Management Program (FedeRAMP), opens the door, the company believes, to billions in increase to its TAM (Total Addressable Market). The first deployment is planned with the U.S. Department of Veterans Affairs. While the company has a proven track record of signing new contracts and expanding its reach with new clients, it has also demonstrated that existing clients stay on board and extend their contracts, given that multiple clients of the company renewed their contracts in 2023, including a Fortune 500 company. The robotics market was valued at $31.38 billion in 2021 and is expected to reach $110.39 by 2030, with a CAGR of 15% from 2022-2030. Knightscope seems well-positioned to capitalize on this growth and continue to increase its consumer base. Click here to read more about the company’s future plans from CEO William Santana Li. Featured photo courtesy of Knightscope. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. AN OFFERING STATEMENT REGARDING THIS OFFERING HAS BEEN FILED WITH THE SEC. THE SEC HAS QUALIFIED THAT OFFERING STATEMENT, WHICH ONLY MEANS THAT THE COMPANY MAY MAKE SALES OF THE SECURITIES DESCRIBED BY THE OFFERING STATEMENT. THE OFFERING CIRCULAR THAT IS PART OF THAT OFFERING STATEMENT IS AVAILABLE HERE. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

March 12, 2024 08:30 AM Eastern Daylight Time

Image

New Horizon Aircraft Report Findings: 96% of Professional Investors Are Keeping An Eye On Transport Of The Future As Companies Advance eVTOL Technology

Benzinga

By Faith Ashmore, Benzinga The technology of Hollywood may finally be catching up to real life in another area. In the realm of electric vehicles (EVs), electric Vertical Take-Off and Landing (eVTOL) aircraft have gotten some attention from the press, the public and investors. From large international majors like Hyundai (OTCMKTS: HYMTF) to newer eVTOL companies like New Horizon Aircraft (NASDAQ: HOVR) (“Horizon Aircraft”), eVTOLs may be the way of the future. With population growth and urbanization on the rise, traffic congestion is becoming a pressing concern for citizens and city planners alike. A recent study conducted in the U.S., France, Germany and the U.K. reveals that road congestion results in up to $200 billion in lost productivity annually. Governments are also racing to transition away from gasoline-powered vehicles that contribute to global emissions and climate change. Advanced Air Mobility (AAM) offers a cost-effective, environmentally friendly and safer way to travel, presenting a disruptive alternative to traditional air travel and cargo systems. eVTOLs are among the solutions for the future. Horizon Aircraft is working on its prototype eVTOL, the Cavorite X7, which is designed for longer-range regional passenger, cargo and special missions. Their 50%-scale prototype has already successfully demonstrated hover flight and the company believes it may complete a successful transition flight before the end of Q1 of 2024. One of the key aspects that sets Horizon Aircraft apart from competitors like Joby Aviation (NYSE: JOBY) and Lilium NV (NASDAQ: LILM) is that it prides itself on the expertise of its team, comprised of professionals with extensive backgrounds in the aviation industry. Led by a highly skilled former fighter pilot, the company leverages collective knowledge gained from years of military and commercial aviation experience. The rest of the team at Horizon Aircraft consists of a group of engineers, pilots and business specialists who are committed to pushing the boundaries of regional transportation. The company is also vertically integrated; all of its composite manufacturing, 3D printed advanced carbon fiber thermoplastics, custom electronics, control systems and more are completed in-house. The company boasts that its product takes off and lands like a helicopter but has the capacity to fly almost twice as fast with lower operating costs. Unlike most of its competitors, Horizon’s Cavorite X7 uses a hybrid electric power system that should enable a top speed of 450 km/h, carrying 1,500 lbs of useful load for more than 800 km. A recent report by Morgan Stanley predicts that AAM will encompass a total addressable market of $1.5 trillion by 2040. “The intersection of many technologies, such as ultra-efficient batteries, autonomous systems, and advanced manufacturing processes are spawning a flurry of activity in this space," shared Adam Jonas, Head of Morgan Stanley's Global Auto and Shared Mobility research team. Horizon Aircraft also recently published a global study that showed an overwhelming majority (96%) of professional investors recognize the increasing global demand for improved transportation systems, coupled with the imperative to reduce the environmental footprint resulting from increased road congestion. The study’s findings included that investors also believe the advancements in technology that demonstrate the safety and feasibility of eVTOL aircraft will catalyze movement in the regulatory landscape and attract substantial investments to the sector within the next five years. Horizon Aircraft is looking to capitalize on these markets. Brandon Robinson, CEO of Horizon Aircraft, shared, "Private equity, venture capital and family office investors have been closely monitoring the Advanced Air Mobility sector for some time, but are now seeing an acceleration towards the launch of the first commercial eVTOL passenger routes. The sector has already attracted significant investment, and we anticipate that this will only increase as ongoing developments in technology provide new investment opportunities in this rapidly expanding market that has the potential to revolutionize transportation." Featured photo courtesy of Horizon Aircraft. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. 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

March 12, 2024 08:25 AM Eastern Daylight Time

Image

Xtrades Is Solving Social Trading’s Biggest Problem: Credibility

Xtrades

By Austin DeNoce, Benzinga Trading has undergone game-changing transformations with retail traders gaining access to advanced trading platforms. Engaging in stocks and options investing is easier than ever. Among these is a growing number of social trading platforms that have captivated beginners and experts alike, offering a space where individuals can learn from each other by sharing insights, strategies, and, most importantly, trading signals. This shift toward communal trading environments, like those found on Discord, Reddit or specialized websites such as Xtrades, promises a blend of education, community support, and, of course, the potential for profit. But this innovative approach is not without its pitfalls; how can you find trustworthy signals within a sea of noise? The Challenge Of Trusting Strangers With Your Finances At the heart of social trading are these trade signals, which are tips from seasoned traders about when to buy or sell. The convenience of access to these signals, amplified on social media and even video platforms such as TikTok, is often overshadowed by the lack of personalized advice or the risk of misinformation. If someone is pushing out signals with pump-and-dump motivations, followers of those signals can suffer significant financial loss. Innovations in finance have democratized trading, but they have also spawned endless streams of uninformed and even fraudulent financial advice. This is problematic for newcomers and experienced traders alike; the challenge is not just finding signals but ensuring they are reliable and actionable. This creates a need for platforms including Xtrades that bridge the gap between community and credibility. Building Trust In Social Trading Xtrades stands out among social trading platforms by marrying the principles of community learning with cutting-edge technology. Xtrades is designed to make trading accessible and understandable for beginners while providing advanced tools for those users and seasoned traders alike. With features such as machine-learning assisted signal endorsements and strict price validation for trader signals, Xtrades ensures only high-quality, reliable signals make it to \users. Key Features of Xtrades: Machine-Learning Endorsements: By utilizing AI to vet and endorse trading signals, Xtrades adds a layer of credibility unavailable in most trading communities. Strict Price Validation: Signals are timely and reflect current market conditions when they are posted, minimizing the risk that members will act on outdated information. Maximum Trader Transparency: Every trader's signal history is openly accessible, allowing other users to make informed decisions about which traders they want to follow and trust. Integration with Discord: By using this trusted and popular messaging platform that integrates with its own software, Xtrades facilitates real-time discussions and analytics, fostering a supportive community environment to level up trades. Solving The Credibility Crisis In Trading Groups Xtrades addresses the credibility issue for trading signals by leveraging multiple technologies and the power of its community to improve signal validation and transparency. By making every user's signaling history searchable and introducing a machine-learning algorithm for trade endorsement, Xtrades provides an easy, accessible way to assess the reliability of signals. This transparency ensures that users can confidently navigate the platform, armed with all the information needed to make informed trades. Charting A New Course In Social Trading Xtrades carved out a unique space for navigating financial markets by addressing the inherent challenges of social trading head-on. It's a sanctuary for those seeking to learn, trade and grow within a supportive, knowledgeable community, all while ensuring the signals available are backed by cutting-edge technology and a commitment to transparency. As the platform evolves, it continues combining the traditional trading wisdom of informed technical and fundamental traders with modern technological advances, redefining the trading experience for its users. The reliability of trading signals can be the difference between financial success and failure. Xtrades is providing valuable resources and a community home for traders of all levels. Connect with experienced traders on Xtrades to access validated trading signals and strategies. Invest in the Future of Online Trading Touted as one of the largest trading communities on Discord and headed by leaders Kevin Wan (momentumtrades) and his team, this up-and-coming generation of market crushers are raising their first seed round Not only this, but they are opening the round up to the public, so their user base can get in at the ground floor. Featured photo by Joshua Mayo on Unsplash. A financial technology company focusing on bringing interactive experiences to traders and investors on the internet that improve their edge in the market This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Kevin Wan kevin@enhancedinvestor.com Company Website http://xtrades.net

March 12, 2024 08:15 AM Eastern Daylight Time

Image

1 ... 353 354 355 356 357 ... 3756