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More Americans are Living Paycheck to Paycheck Despite Increased Budgeting

Debt.com

Debt.com’s 2024 budgeting survey, which polled 1,000 Americans, paints a complex financial picture. Although a growing number of people are adopting budgeting practices and recognizing the benefits of avoiding debt, the percentage of individuals managing with just enough each month has increased by 10% over the last two years. In 2022 and 2023, 50% of respondents reported living paycheck to paycheck; this year, that figure has risen to 60%. At the same time, 90% of those surveyed now say they budget, up from 70% when the survey was first conducted seven years ago. “Debt.com’s latest survey shows that while budgeting is becoming more widespread and helpful, it hasn’t entirely protected Americans from financial difficulties,” Howard Dvorkin CPA and chairman of Debt.com One bright spot is the percentage of people who say budgeting has helped them get out of or stay out of debt, increased to 89% this year from 73% in 2018. Millennials lead the way, with 92% reporting that budgeting has kept them out of debt, followed by 90% of Gen X, 86% of Baby Boomers, and 83% of Gen Z. The survey also highlights the reasons people began budgeting: 38% – Increasing wealth and savings 21% – Tackling debt 17% – Inflation and cost of living 15% – Saving for retirement 6% – Job loss 2% – Divorce or loss of a spouse “The rising number of people living paycheck to paycheck indicates that economic factors may be driving the need for individuals to fine-tune their budgeting strategies,” Howard Dvorkin Of those who say they budget, 39% say their whole household works to stay on budget. The survey also shows that, overall men (94%) are budgeting more than women (87%). The top reason women cited for not budgeting was that they “don’t have much income,” while men primarily said it’s “too time-consuming.” Researches in Spanish on Debt.com: https://www.debt.com/es/investigaciones/ Debt.com is a consumer website where people can find help with credit card debt, student loan debt, tax debt, credit repair, bankruptcy, and more. Debt.com works with vetted and certified providers that give the best advice and solutions for consumers “when life happens.” Contact Details Debt.com Jill Randolph JRandolph@mediamgmtgroup.com Company Website https://www.debt.com/

October 10, 2024 09:15 AM Eastern Daylight Time

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Direxion Unveils Broadcom and Micron Technologies Single Stock Leveraged and Inverse ETFs

Direxion

One week after the launch of four additional Single Stock Leveraged and Inverse ETFs, Direxion, a leading provider of tradeable ETFs, today announced bringing two more semiconductor pairs to market. The four new funds allow active traders to obtain magnified, or inverse, exposure to the daily performance of the common stock of Broadcom Inc., or Micron Technologies Inc., through either the Direxion Daily AVGO Bull 2X Shares ( Ticker: AVL ) and Direxion Daily AVGO Bear 1X Shares ( Ticker: AVS ), or the Direxion Daily MU Bull 2X Shares ( Ticker: MUU ) and Direxion Daily MU Bear 1X Shares ( Ticker: MUD ). “Direxion is the leader in the semiconductor sector of the leveraged and inverse ETF universe, with over $13B in assets across the suite,” said Direxion Managing Director, Edward Egilinsky. “With the launch of the Broadcom and Micron Technologies ETFs, Direxion now has the largest suite of single stock leveraged and inverse ETFs as well.” As ground-breaking products built for active traders, Direxion’s pairs of single stock leveraged and inverse ETFs are meant to be used for short-term trading purposes. Leveraged and inverse single stock ETFs should not be viewed as buy and hold investments, but rather trading tools for traders with a high risk tolerance. In addition, unlike traditional ETFs, or even other levered and/or inverse ETFs, these ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. All Direxion leveraged and inverse ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee these ETFs will meet their objective. Please visit the Direxion Leveraged and Inverse ETF Education Center, where you will find educational brochures, videos, and a self-paced online course to help you understand if leveraged ETFs are right for you. About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $48.6 billion in assets under management as of September 30, 2024. For more information, please visit www.direxion.com. There is no guarantee that the Funds will achieve their investment objectives. For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866.476.7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing. Investing in the funds involves a high degree of risk. Unlike traditional ETFs, or even other leveraged and/or inverse ETFs, these leveraged and/or inverse single-stock ETFs track the price of a single stock rather than an index, eliminating the benefits of diversification. Leveraged and inverse ETFs pursue daily leveraged investment objectives, which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying stock’s performance over periods longer than one day. They are not suitable for all investors and should be utilized only by investors who understand leverage risk and who actively manage their investments. The Funds will lose money if the underlying stock’s performance is flat, and it is possible that the Bull Fund will lose money even if the underlying stock’s performance increases, and the Bear Fund will lose money even if the underlying stock’s performance decreases, over a period longer than a single day. Investing in the Funds is not equivalent to investing directly in AVGO or MU. Semiconductor Industry Risk – Semiconductor companies may face intense competition, both domestically and internationally, and such competition may have an adverse effect on such companies’ profit margins. Semiconductor companies may have limited product lines, markets, financial resources or personnel. Companies in the semiconductor industry may have products that face obsolescence due to rapid technological developments and frequent new product introduction, unpredictable changes in growth rates and competition for qualified personnel. Broadcom Inc. Investing Risk – Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. As of the date of this prospectus, in addition to the risks associated with operating companies and companies in the semiconductor sector, AVGO faces risks associated with: the highly competitive nature of the semiconductor industry; failure to realize expected benefits from mergers, acquisitions and other joint ventures; economic and market uncertainty; reduced demand for its products; potential concentration of revenues in a few large clients; among other risks. Micron Technology, Inc. Investing Risk – Issuer-specific attributes may cause an investment held by the Fund to be more volatile than the market generally. The value of an individual security or particular type of security may be more volatile than the market as a whole and may perform differently from the value of the market as a whole. In addition to the risks associated with companies in the technology sector and semiconductor industry, Micron Technology, Inc. faces risks associated with: volatility in selling prices of its products; the ability to develop and produce new and competitive technologies and products; the highly competitive nature of the semiconductor industry; its international operations, including geopolitical risks; availability and quality of materials, supplies, and capital equipment and dependency on third-party service providers; cybersecurity attacks and data breaches; among other risks. Direxion Shares Risks – An investment in each Fund involves risk, including the possible loss of principal. Each Fund is non-diversified and includes risks associated with a Fund concentrating its investments in a particular security, industry, sector, or geographic region which can result in increased volatility. A Fund's investments in derivatives such as futures contracts and swaps may pose risks in addition to, and greater than, those associated with directly investing in securities or other investments, including imperfect correlations with underlying investments or the Fund's other portfolio holdings, higher price volatility and lack of availability. As a result, the value of an investment in a Fund may change quickly and without warning. Risks of the Funds include Effects of Compounding and Market Volatility Risk, Derivatives Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Broadcom Inc. or Micron Technology, Inc. Investing Risk, Market Risk, Industry Concentration Risk, Cash Transaction Risk, Indirect Investment Risk, and risks specific to the technology sector and semiconductor industry. Additional risks include, for the Direxion Daily AVGO Bull 2X Shares and Direxion Daily MU Bull 2X Shares, Leverage Risk and Daily Correlation Risk, and for the Direxion Direxion Daily AVGO Bear 1X Shares and Direxion Daily MU Bear 1X Shares, Shorting or Inverse Risk as well as Daily Inverse Correlation Risk. Please see the summary and full prospectuses for a more complete description of these and other risks of the Funds. Distributor: ALPS Distributors, Inc. Contact Details Ditto Public Relations Danielle Black, AD direxion@dittopr.co Company Website https://www.direxion.com/

October 10, 2024 09:00 AM Eastern Daylight Time

NAVEX Lance « La Conformité en France : Le Guide Ultime »

NAVEX Global

NAVEX, le leader mondial des logiciels et services de gestion de la gouvernance, des risques, et de la conformité (GRC), a annoncé le lancement de « La conformité en France: Le guide ultime ». NAVEX aide plus de 13 000 entreprises à travers le monde à gérer et à atténuer les risques en toute confiance. Les programmes de conformité doivent jouer un rôle crucial quotidien à la fois pour garantir le respect des réglementations et pour cultiver une culture éthique. Le lancement d’alerte étant un élément clé de ces efforts. Jan Stappers, directeur des solutions réglementaires chez NAVEX, affirme: « Les organisations pourraient passer à côté d’opportunités si elles ne disposent pas d’un canal pour alerter les gens des risques ou dangers potentiels. Le lancement d’alerte est la meilleure source d’informations sur les actes répréhensibles réels ou potentiels, mais avec autant de réglementations à respecter, le risque actuel est que les entreprises effectuent des exercices de vérification plutôt que d’adopter une approche plus intégrée. » La première partie du guide offre un aperçu détaillé du paysage actuel du lancement d’alerte en France, y compris une explication du contexte culturel et d’informations sur la façon dont le système français se compare à d’autres dans le monde. Une plongée dans les données de lancement d’alerte montre que les niveaux de signalement français augmentent mais restent bas par rapport aux normes européennes, tandis que les rapports français sont moins susceptibles d’être anonymes et ont tendance à prendre plus de temps à traiter que ceux d’autres pays. De plus, la deuxième partie de ce guide présente le cadre réglementaire français, en mettant l’accent sur les défis critiques de conformité et les questions extraterritoriales qui peuvent être particulièrement difficiles à maîtriser pour les entreprises. Au sens large, le respect de toutes les réglementations existantes est devenu un défi majeur, de nombreuses entreprises ne disposant pas de la bande passante nécessaire pour suivre l’évolution du paysage réglementaire. Enfin, la troisième partie de ce rapport couvre en profondeur les lois et réglementations qui sont importantes pour toute entreprise cherchant à naviguer dans le paysage de la conformité et de l’alerte professionnelle en France. La France et le monde: les principales différences à savoir selon les données de NAVEX La France a un taux de lancement d’alerte inférieur à celui de l’Allemagne ou à la moyenne européenne, avec des niveaux de signalement en hausse mais toujours inférieurs aux normes régionales. Il existe des preuves que les rapports français sont plus susceptibles d’être justifiés, avec plus de la moitié s’avérant vrais contres seulement un tiers qui sont attestés en Allemagne. Les rapports français sont beaucoup moins susceptibles d’être anonymes que les pratiques courantes dans d’autres pays et régions. Seulement la moitié des alertes françaises sont effectuées de manière anonyme, contre plus de deux tiers au Royaume-Uni, ce chiffre n’étant qu’en légère hausse ces dernières années. Il est suggéré que les personnes soulevant des préoccupations aujourd’hui ne le feront que s’ils soient plus confiants et directs dans leurs allégations. Les questions de RH, de diversité et de lieu de travail dominent les rapports en France. Les questions de RH, de harcèlement et de discrimination combinées ont représenté près de deux plaintes sur trois adressées aux entreprises françaises en 2023, tandis que les signalements liés aux conflits d’intérêts étaient les quatrièmes problèmes les plus fréquents et représentaient 10 % des signalements. Cliquez- ici pour télécharger le guide ultime de la conformité en France. À propos de NAVEX Des milliers de clients du monde entier font confiance à NAVEX pour les aider à atteindre les résultats qui comptent le plus. En tant que leader mondial des logiciels et services de gestion intégrée des risques et de la conformité, nous proposons nos solutions par le biais de la plateforme NAVEX One, le système d’information le plus complet du secteur en matière de gouvernance, de risque et de conformité (GRC). NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details NAVEX Anita Lo +1 617-388-5773 anita.lo@navex.com Company Website https://www.navex.com/fr-fr/

October 10, 2024 09:00 AM Eastern Daylight Time

Unlocking Elite Financial Strategies With Arta Finance

Benzinga

By James Blacker, Benzinga Digital wealth platform Arta Finance is on a mission to broaden access to sophisticated financial solutions. Traditionally, family-office-style investing was reserved for the ultra-wealthy, but many savvy investors are now realizing that this is no longer the case. Arta offers accredited investors access to elite fund managers and intelligent investment tools in public and private markets. By combining technology and deep financial expertise, Arta aims to empower individuals and families to take control of their financial futures. Expanding Access To Private Investments Arta provides investors with access to high-growth private investment opportunities such as private equity, venture capital, private credit and private real estate – products that were previously considered accessible only to institutional investors or ultra-high-net-worth individuals. For those looking to diversify beyond stocks and bonds, private investment options can offer low correlation with public markets, potentially reducing risk and improving long-term returns. Arta’s team of experts carefully curates a selection of high-quality funds from leading managers. Investors can start with minimums as low as $2,500 – which is significantly less than historically typical minimums for private funds – and low fees starting at just 0.5%. This makes it much easier for a wider audience to invest in private markets without many of the hurdles usually associated with this asset class. It’s easy to get started – it takes just a few minutes to create an account. If you need investment guidance, Arta also has investment experts available to discuss offerings in one-on-one sessions. Investing In Public Markets Outside of private investments, Arta offers an array of public market products that give investors exposure to global markets through a selection of ETFs. Leveraging advanced algorithms, Arta manages a range of diversified portfolios that align with each investor’s unique financial goals and risk tolerance. For example, the company notes that its High Yield Cash Reserve product offers a secure, high-yield cash alternative for investors looking to earn more on their idle cash while maintaining liquidity. Similarly, Arta’s Income Bonds product focuses on providing downside protection and income generation during periods of market volatility. Arta allows you to choose from a variety of algorithm-driven portfolios to match your goals and risk profile. This combination of high-tech automation and expert curation lets investors take a hands-off approach to growing their wealth. Tailored Investment Solutions Investors looking for more customization might want to consider Arta’s Structured Products. These are bespoke investment opportunities tailored for the current market environment and designed to align with specific financial objectives, such as capital preservation or yield generation. Each product has a limited investment window. Structured Products include a combination of securities and are crafted with the expertise of Arta’s investment team based on current market trends. They could be an ideal solution for those seeking a specific risk-reward approach in their portfolios. Personalized Index Portfolios Another feature that sets Arta Finance apart is Direct Indexing. Unlike traditional index funds, Direct Indexing allows investors to own individual securities within an index, offering the ability to tailor portfolios to personal values and financial goals. Investors can exclude up to 10 stocks from a given index or even create micro-indexes with up to seven key stocks. Wealth Management Services Arta also offers a suite of financial planning tools designed to help you grow and protect your money like the ultra-wealthy. Whether you want to leverage WealthGen Insurance for tax-advantaged growth, hedge your portfolio with options or optimize your tax and estate planning, Arta can help. You can also access personal assistant services to free up time and boost efficiency, all with the same elite level of service previously reserved for the ultra-wealthy. Gateway To Elite Financial Strategies More than just a digital wealth platform, Arta Finance says it offers a gateway to sophisticated investment strategies once reserved for the ultra-wealthy. Whether you want to grow your wealth in private or public markets, or if you are looking for personalized wealth management solutions, Arta uses state-of-the-art technology and investing expertise to broaden access to exclusive investment opportunities and empower investors to take control of their financial futures. Click here to learn more about how Arta Finance can help you grow and protect your wealth. Featured photo by Aura Finance from Pixabay. 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. This article is sponsored by Arta Finance Wealth Management LLC. Benzinga is not a client of Arta and has been compensated by Arta to provide this endorsement. The opinions expressed are based on the author's knowledge of Arta's services and are not indicative of future results. This article is for informational purposes only and should not be considered investment advice or a recommendation to buy or sell any particular security. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 10, 2024 08:35 AM Eastern Daylight Time

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U Power And Velo Labs Team Up To Create Battery Bank Trading And Funding Platform

Benzinga

By Meg Flippin, Benzinga U Power Limited (NASDAQ: UCAR), the Chinese EV power solution company that offers a proprietary battery-swapping technology, is setting out to further electrify the market via a deal with Velo Labs Technology Ltd., a global fintech company. The two have entered into a memorandum of understanding to establish a battery infrastructure investment ecosystem in Thailand. The idea is to create a battery bank asset and fund trading platform based on Velo's blockchain technology. Through the platform U Power and Velo Labs hope to attract external funding to promote the large-scale development of the battery bank industry. A battery bank is a collection of batteries that are connected and store energy together. For EVs, the idea of the industry is to create battery bank stations around the country where drivers quickly swap out dead batteries for new ones. The trading platform would integrate battery assets from various "UOTTA" battery bank scenarios, including batteries for four-wheel and two-wheel electric vehicles, batteries from various battery swap stations and batteries used in energy storage projects. "Our partnership with Velo Labs demonstrates that as electric vehicles and other green applications develop on a large scale, battery banks will become increasingly important,” said Jia Li, Chairman and CEO of U Power, when announcing the deal. “Once the value system and trading model for battery assets are established, more investors will be attracted to enter this vast market in the future. Our UOTTA battery swap business serves as an ideal carrier for this model and will generate consistent returns for our shareholders." U Power’s Edge With U Power’s advanced technology, consumers and fleet operators can replace dead EV batteries with fully charged ones in under five minutes. That removes the time challenges, and with swapping stations eventually located throughout China, it eliminates the fear of running out of battery life. As of March 2023, U Power had a vehicle sourcing network of about 100 wholesalers and 30 dealers across China’s lower-tier cities. Last year, it sold and delivered six battery-swapping stations to four customers. All told, it has already sold eleven battery-swapping stations. As part of the collaboration between U Power and Velo Labs, the two will manage the entire lifecycle of battery assets, including battery cascade utilization, dismantling and environmentally friendly disposal and comprehensively improving battery utilization rates and residual value, U Power says. Velo Labs is a fintech based in the British Virgin Islands. It was co-founded in 2018 by Chatchaval Jiaravanon, a member of the Charoen Pokphand Group, which is Thailand's largest conglomerate. Velo Labs aims to create a trustless financial infrastructure that supports cryptocurrency payments and smart contracts, making financial transactions cheaper, faster and more accessible. Battery Swapping Trending U Power and Velo Labs collaboration comes at a time when battery swapping could be set to grow in China as the country embraces EVs as a way to fight global warming. The market size for battery swapping and electric commercial vehicles is projected to reach RMB 176,615.1 million in 2026, growing at a CAGR of 68.1% from now until then, according to a report by Frost & Sullivan cited by U Power. U Power is aiming to capitalize on it by forging partnerships and innovating in the market. In addition to its deal with Velo Labs, U Power counts Dutch electric vehicle company UNEX as well as Cornerstone Technologies Holdings Limited as partners. The EV market seems to be poised for growth as the world looks for greener alternatives, and trading the energy being collected and stored could emerge as a key trend. U Power and Velo Labs are banking on that with this collaboration. Featured photo by israel palacio on Unsplash. 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. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 10, 2024 08:30 AM Eastern Daylight Time

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SBC Medical Group (Nasdaq: SBC) Earnings Update: H1 2024 Revenue Up 29% And Net Income Up 123%

Benzinga

By Gerelyn Terzo, Benzinga After successfully completing its business combination with Pono Capital in September, SBC Medical Group (NASDAQ: SBC) has been trading on the Nasdaq under the symbol “SBC”, marking a key moment in its transition as a global company The listing on the Nasdaq is expected to provide SBC Medical with access to capital while bolstering its partnership opportunities and paving the way for an expansion in the U.S. and South Asian markets. Tokyo-based SBC Medical has already gained a reputation as a go-to medical services company specializing in the aesthetic medical industry. After paving the way in Japan, where it reports it has built the biggest network of franchised clinics in the country, SBC Medical has now set its sights on an international expansion, including the broader South Asian and U.S. markets, where it intends to maintain the high standards which drove its growth in Japan. Led by renowned industry executive Dr. Yoshiyuki Aikawa, SBC Medical seems to have the wind at its back, as evidenced by a strengthening balance sheet in H1 2024. Despite economic headwinds, the company continued to grow its available cash in the period in excess of $115 million on a pro forma combined basis while also managing to increase net income more than twofold year-over-year and growing revenue while honing expenses. SBC Medical’s Financial Performance In H1 2024, SBC Medical reported revenue of $107.9 million, an increase of 28.6% compared to $83.9 million in the first half of 2023. SBC Medical more than doubled its net income to $37.2 million from $16.6 million in H1 2023. Growth Opportunities In Japan Given SBC Medical’s performance so far in 2024, the company has set its sights on further growth opportunities, particularly in Japan, where it says it already enjoys a competitive advantage. SBC recognizes an opportunity for further growth there as it continues to solve some critical pain points for doctors, allowing physicians to focus on their patients. SBC Medical’s fully digitized integrated system streamlines processes like customer flow and human resources, while its educational system offers a quality patient experience at its franchisees. Additionally, SBC’s extensive network of franchise clinics empowers doctors to hone their skill sets in diverse medical treatments. As for its expansion, SBC Medical is targeting adjacent areas such as fertility treatments, hair loss solutions and online clinic services, all of which present robust growth and profit potential. The company believes its reputation should pave the way for strategic business-to-business partnerships to accelerate growth. SBC Medical seems well-positioned to capitalize on these opportunities with its strong balance sheet. With its recent listing, SBC Medical’s growth story is just getting underway. Investors who are interested in taking a front seat to the action can learn more about the company here. Featured photos courtesy of SBC Medical Group. 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

October 10, 2024 08:30 AM Eastern Daylight Time

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Aeva Enables Customers To Go Where They Have Never Gone Before – Looking Into Automated Vehicles And Network Effects From An Expanding List Of Customers

Benzinga

By Meg Flippin, Benzinga Keep a look out for more Aeva Technologies Inc. announcements here. From self-driving trucks that can safely achieve highway speeds to autonomous vehicles that can easily navigate cities, Aeva Technologies Inc.’s (NYSE: AEVA) Frequency Modulated Continuous Wave (FMCW) 4D LiDAR technology is breaking barriers, enabling its growing customer base to go where they have never gone before. Aeva’s advanced LiDAR technology uses a low-power continuous laser beam to measure range and velocity simultaneously, which it says unlocks new levels of safety and automation by instantaneously discriminating between moving and non-moving points and knowing the precise velocity of objects in motion. Instant velocity data gives real-time insight into how an object’s position changes, giving the vehicle’s computer a more accurate picture to help plan its next move. These sensors can also achieve highway speeds and do it safely. It’s something that’s eluded the industry so far, with many vehicles with automated driving functionality only achieving top speeds of 35 to 45 MPH, which is sub-optimal for highway driving. For the automotive industry to move to autonomous vehicles, it must sustain tackling city streets and importantly highway speeds safely. Reimaging Self-Driving Trucks for Safety At Scale It’s the reason Daimler Truck AG and Torc Robotics, an independent subsidiary of Daimler Truck, tapped Aeva to power its self-driving trucks of the future and enable a highway driving operational design domain (ODD). The world's largest commercial vehicle manufacturer recently inked a multi-year OEM deal with Aeva with an estimated order book of $1 billion in which Daimler is using Aeva’s sensors in its Class 8 Freightliner Cascadia autonomous truck platform. These are heavy-duty trucks that spend most of their time on interstates hauling cargo to and from major logistics hubs. The industry sees heavy-duty trucking as an area rife for autonomous vehicles given the severe shortages of drivers in that segment of the market. “There’s a strong need for something that drives on interstates at high speeds of 65 miles per hour,” says Peter Vaughan Schmidt, CEO of Torc. “That’s the problem Torc is trying to solve and found a solution with Aeva.” For self-driving heavy-duty trucks to become a reality, Schmidt says they have to be ultra-precise in understanding their environment so they can react and plan ahead, and that’s what he said Aeva’s sensors enable. That, Aeva says, is achieved through things like Ultra Resolution, a real-time camera-level image that provides up to twenty times the resolution of legacy LiDAR sensors. Another key feature of Aeva’s technology is its small road hazard detection at highway speeds. Aeva says it can detect hazards twice the distance of what is possible today. All told its sensors can see 500 meters away. On top of all that, Aeva’s FMCW technology is resistant to interference from sunlight and other LiDAR sensors, including Aeva sensors, ensuring performance across a wider set of lighting conditions and when used near other LiDAR-equipped vehicles. “We are designing to scale by year 2027 and it doesn’t mean prototype trucks, it means you can go to a Freightliner dealer and buy a Cascadia Truck,” says Schmidt. Navigating City Streets Safely But Daimler Truck and Torc aren’t the only ones that are tapping Aeva’s LiDAR sensors to take their autonomous driving platforms to the next level. May Mobility, the Ann Arbor, Michigan, company which makes self-driving cars for cities around the world, is also turning to Aeva to realize its safe self-driving plans. What May Mobility says sets it apart is its focus on creating self-driving technology that can safely handle the unexpected and plan for what may happen next on a city street. That enables the vehicles to drive safely in any situation no matter how unique. To make it a reality, May Mobility, which counts Toyota Motor Corp. (NYSE: TM) as a customer, selected Aeva to be the exclusive supplier of long-range LiDAR sensors for May Mobility’s autonomous vehicles globally. The multi-year supply agreement provides five-year volume commitments through 2028, with deliveries already begun last year and production ramping in 2025. “Aeva’s long-range 4D LiDAR technology provides unique and exciting new capabilities for our autonomous stack and aligns well with our technology and commercialization roadmap,” Edwin Olson, co-founder and CEO at May Mobility, said when announcing the deal. “We’re thrilled to partner with Aeva on our mission to reimagine transportation by developing and deploying autonomous vehicles that get people where they need to go safely and easily.” More To Come For Passenger Vehicles? Earlier this week, Aeva announced that a major European Passenger OEM selected Aeva’s 4D LiDAR for its automated vehicle validation program. The OEM will leverage Aeva’s FMCW technology, with its instant velocity data, to gather real-world data, to benchmark and validate its next-generation vehicle automation and assisted driving systems. In addition, Aeva has said it is engaged and progressing on multiple ongoing production program RFQs with global top-10 passenger OEMs, suggesting more vehicle manufacturers are looking to leverage Aeva’s FMCW LiDAR for their production vehicle programs to enable new capabilities for advanced driver assistance and autonomous systems. The company has said that some of these OEMs are expected to make award decisions in the coming months. A new major passenger vehicle manufacturer adopting Aeva’s technology in its production vehicles can be a potential massive boost for the company and cement the shift in the industry to its FMCW-based perception technology that the company has been talking about. From heavy-duty trucks to robotaxis, and increasingly passenger vehicles at mass scale, Aeva is helping its customers go beyond what they imagined before, thanks to its advanced 4D LiDAR and perception software technology. Learn more about Aeva Technologies Inc. by checking out its investors deck here. Featured photo by Emmanuel Acua on Unsplash. 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

October 10, 2024 08:20 AM Eastern Daylight Time

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SUNGLASS HUT HOSTS SHOPPING EXPERIENCE AT GEORGETOWN, D.C. STORE IN CELEBRATION OF HOMECOMING SEASON

Sunglass Hut

Sunglass Hut, the world’s premier destination for high-quality sunglasses and member of Luxottica Group S.p.A, is set to host an exclusive shopping event to celebrate Howard University’s Homecoming with a special event hosted by Beauty and Style Expert Blake Newby. The event will be taking place on Thursday, October 17 th at the Sunglass Hut store located in Georgetown. The Shades and Shine Sunglass Hut Homecoming Celebration invites students, alum, and consumers to preview an array of eyewear selections, learn about Sunglass Hut ’s customization program for personalized glasses and case options, and benefits of The Sun Club loyalty program. To continue revolutionizing sunglasses style, care, and quality, Sunglass Hut aims to connect with consumers, media, and influencers on the multifunctional selection of available frames and inspire self-expressions through eyewear. Sunglass Hut has partnered with Creator, and Howard University alumnae Blake Newby to host and offer her top styling tips and sunglasses recommendations. Utilizing Sunglass Hut ’s Smart Shopper digital interactive platform, guests can explore the vast inventory of brands, styles, and colors at their fingertips to create a custom pair and order directly to their home. The event features interactive activations with renowned Black and woman owned beauty brand The Lip Bar for skincare and makeup product trial and gifting, along with eyeglass chain customization in-store. Light refreshments and music by DJ Soul Sugar will be provided, and guests can explore the aisles to discover new arrivals and best-selling selections, with a special in-store promotion available from select brands. "We're thrilled to host this special event at our Georgetown flagship store! It’s a fantastic opportunity to connect with our community, showcase our exclusive collections, and celebrate the loyalty of our valued members", notes Sunglass Hut. We are excited for the Shades & Shine Event to show our commitment to providing our customers with an engaging experience.” As an integral part of the DC shopping community, Sunglass Hut aims to have the Shades and Shine Event create a memorable experience to prepare guests for an eventful weekend. For more information on Sunglass Hut, please visit www.sunglasshut.com ABOUT SUNGLASS HUT Founded in 1971, Sunglass Hut has grown into the best curated destination for the most sought-after high-quality fashion and performance sunglass brands, with more than 16,000 North America retail locations. Stores can be found in fashionable shopping districts across the globe, from the Americas, Europe and the Middle East to Australia, South Africa, China, Southeast Asia and beyond, providing consumers with a fun, highly engaging shopping experience in-store and online. www.sunglasshut.com. Part of the Essilor Luxottica Group, the world's leading manufacturer and distributor of eyewear. https://www.sunglasshut.com/ Contact Details First and Last PR First and Last PR sunglasshut@firstandlastpr.com Company Website https://www.sunglasshut.com/us

October 10, 2024 08:00 AM Eastern Daylight Time

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CURE ALZHEIMER’S FUND RECEIVES $338,384 DONATION FROM TARA MANUFACTURING

Alzheimer’s Disease Research Foundation

Cure Alzheimer's Fund, a non-profit organization that funds research into Alzheimer’s disease received a significant donation from Tara Manufacturing, a leading innovator in pool and outdoor products. The largest in its history to a non-profit, the $338,384.01 donation represents 100% of proceeds from the sales of Tara's Celestial Skies pattern, a unique product designed to support Alzheimer's research and honor the company's founder, Marshall Richardson. “Celestials Skies is truly a pattern with a purpose,” said Meg Smith, CEO of Cure Alzheimer’s Fund. “To the entire Tara team, i2M and your community of distributors and customers, thank you for choosing CureAlz. We are honored and immensely grateful to be the recipient of your philanthropy and inspired by your commitment to raising awareness in your community and industry. Your generosity will truly make a difference.” The Celestial Skies pattern was launched in celebration of Tara's 40th anniversary, embodying the company's commitment to giving back to the community and inspired by founder Marshall Richardson's values of innovation and charity. “We are incredibly proud of the Celestial Skies initiative and what it has accomplished in support of Alzheimer’s research,” said Tara Furlough, CEO of Tara Manufacturing. “The dedication of our employees, partners, and customers has made this donation possible, and we’re honored to play a part in helping find a cure.” “This partnership has shown the power of collaboration between businesses to support a meaningful cause,” said Alex Grover, CEO of i2M, the supplier of the Celestial Skies material. Grover presented an additional $5,000 donation raised by i2M in support of the cause. “We are grateful to have worked with Tara Manufacturing on this project, and it’s inspiring to see the positive impact we’ve been able to make together.” Tara Manufacturing, is a leading innovator in pool and outdoor products. Founded in 1984, Tara Manufacturing is a second-generation family-owned business based in Owen’s Cross Roads, Alabama. Specializing in high-quality pool liners, safety covers, sun shades and custom fabrications, Tara is committed to innovation, excellence and community support. I2M is a leading manufacturer of specialized materials serving a variety of industries, including pool liners and outdoor products, based in Mountain Top, Pennsylvania. Known for its innovation and quality, i2M is dedicated to supporting initiatives that make a positive impact on communities. Cure Alzheimer’s Fund is a nonprofit dedicated to funding the most promising research to prevent, slow or reverse Alzheimer’s disease. Since its founding in 2004, Cure Alzheimer’s Fund has provided 884 grants to more than 300 of the world’s leading researchers and contributed $209 million to research. Its funded initiatives have been responsible for many key breakthroughs in understanding the causes and pathology of Alzheimer’s disease. Cure Alzheimer’s Fund has received a 4-star rating for more than 12 consecutive years from Charity Navigator. Our Board of Directors, Trustees and a core group of other donors direct their donations to CureAlz overhead expenses so that 100% of general donations go to our research program. For more information, visit CureAlz.org. To learn about the impact of Alzheimer’s on women and women working toward a cure, visit WomenandAlzheimers.org. Contact Details Barbara Chambers +1 781-304-4510 BChambers@CureAlz.org Company Website https://curealz.org

October 10, 2024 05:55 AM Eastern Daylight Time

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