News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

Dukkantek creates a digital ecosystem for SMB retail sector as it rapidly expands across MENA

Dukkantek

In less than six months since securing a $5.2m funding round, store management platform DukkanTek has expanded from UAE where it is headquartered into Oman, Qatar, Kuwait, Bahrain, Turkey and Saudi Arabia. This takes their presence to 7 countries as they seek opportunities in North Africa. Dukkantek was founded in January 2021 by Ali Al Sayegh, Sanad Yaghi and Shadi Joulani. It has already attracted more than 5,000+ customers for its suite of services empowering traditional merchants with end-to-end digital technology that improves all business processes. Dukkantek believes that traditional merchants and small and medium enterprises (SMEs) remain the backbone of the global economy, and their transactions should be digitized to keep pace with market developments. And to this end they platform provides: Cloud POS: The Cloud POS is a Point-of-Sales system that can be accessed online, from anywhere. It allows businesses to keep track of transactions & sales, calculate VAT, generate reports and calculate profit margin. Inventory Management: The Cloud IM is an online software that helps businesses track, manage & organize the inventory. It allows users to keep track of stock, measure stock value, manage fast-moving products and generate reports for analysis. Payment Options: The platform offers a variety of payment options including cash, card payments or credit payments. Reports can be generated to track payments. E-Commerce: The e-commerce functionality allows stores to sell their goods online or through an app. One of its features includes live inventory, as it’s linked to the IM & POS software. Another feature is that stores can choose what items to put online and their corresponding prices. Moreover, it sends push notifications to customers. Companion App: The companion app is a mobile application that helps manage the store online. Its features include: Automated Inventory Reconciliation, live store data, linked to IM & POS, ability to track daily sales on the dashboard, ability to review all transactions, and track cash movements and payment methods. Dukkantek co-founder Sanad Yaghi commented: “For too long SMB store owners have been left on the margins of the tech shift. We are serving the unmet need observed in these businesses with the adoption and usage of comprehensive online shopping technologies. It’s a severely underserved market and we are trying to get to as many people as possible. Our growth is testament to our efforts in empowering traditional merchants to thrive in a digital world with premium end-to-end technology.” The UAE has one of the most vibrant and attractive startup ecosystems in the Middle East and North Africa (MENA) region. Dukkantek provides a one stop shop for local community retail stores, supermarkets, small grocers, service shops and dark stores who are seeking to use the latest technology to serve their customers. The coronavirus pandemic hastened digital adoption in the MENA region, leading to an increase in online shopping, in particular. The region's e-commerce market is expected to reach $49 billion in 2025, up almost 55 per cent from 2021, a report by EZDubai, an e-commerce zone in Dubai, and Euromonitor International showed earlier this year. The UAE’s e-commerce market alone is forecast to grow 60 per cent to more than $8bn by 2025 from 2021. Community retailers in the UAE without a digital presence, who were unable to accept online payments during the pandemic, were severely affected due to the drop in customer footfall. About Dukkantek Founded in January 2021, Dukkantek is the UAE’s first and only revolutionary store management platform that enables traditional merchants to compete equally in an evolving digital world, and further empower their retail capacity. Redefining the conventional way of managing tasks and sales, the innovative platform aims to strengthen local community stores and power digital transformations with end-to-end technology that enhances and streamlines all business processes, enabling them to compete with dark stores and delivery players. Dukkantek is the technology partner for all local community stores in the region. For more information please visit https://www.dukkantek.com Contact Details Dukkantek Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.dukkantek.com/

May 26, 2022 07:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

FinancialMarkets.media, formerly FXStreet’s Marketing team, will participate at the iFXExpo in Limassol, Cyprus from 7th-9th June

FMM

- The iFXExpo will be the first event this year in which the company will participate to present its new brand - The brand will be exhibiting all its services and products at booth 161 - FinancialMarkets. media continues being part of FXStreet financial group, and operates as its exclusive media agency. - The aim of this new agency is to offer the best-in-class services, whilst increasing the business opportunities of their clients across a wider publisher and financial institutions network. FinancialMarkets. media is the new independent media agency specializing in the financial markets that was launched in February 2022 and is managed by the former FXStreet Marketing and Traders team. With the aim of introducing and presenting the new brand to the markets, the company will participate in several exhibitions and workshops throughout this year, and the iFXExpo in Limassol- Cyprus, the world’s first and largest financial Fintech B2B exhibition, is the first on the 2022 calendar. The launching of FinancialMarkets. media was prompted by the growth of the company’s network of publishers in the last years, demanding specialization in order to keep on offering top-notch services to all its already existing clients. With the decision more focus can be placed on expanding its reach in the market reaching more institutions and publishers for the Forex, Cryptos, Stock and Commodities markets, as well as banks and hedge funds. “ FinancialMarkets. media continues to be part of the FXStreet group, and it operates as its exclusive media agency. However, we are an independent media agency inside the group. The aim of this FXStreet spin-off business is to offer the best-in-class services, whilst increasing the business opportunities to our clients, where all parties will have more options on where to invest their budget, more advertising placements to accommodate the different business models, needs and marketing objectives”. Sergi López Tomàs, previous CMO to FXStreet.com and now CEO at FinancialMarkets. media, commented. About their presence at the Cyprus iFXExpo this coming June, Mr López Tomàs also commented, “w e are committed to participating in all these types of events and exhibitions, as we aim to expand our reach to new audiences by introducing all of our media services and marketing solutions to new markets and businesses, aiming to not only to help them to execute profitable investments but will also maximize them ”. In the same way, the company also emphasizes the importance of human relations and honesty in all their business transactions. “ Our daily work is to continue guiding financial institutions and publishers in an honest way so that our clients can invest in the right media according to their needs and budgets. Participating in these kinds of face-to-face events allows us to be closer to our clients and partners and boost this human interaction that we think should never be lost in business and it is critical to creating trustworthy, solid and long-term relationships '' added Carolina Bracale, Marketing and Communications Manager of FinancialMarkets. media. After all, more than 20 years of success in online advertising for the finance market, are not in vain. The team of experts of FinancialMarkets. media know the market, granting better pricing and campaign management control, always taking care of both, clients and publishers. “Programmatic advertising is OK but it still fails to understand the needs of the players and that is where my team makes a big difference. We are humans behind the machines who happen to be experts in Marketing and Trading the markets.”, concluded Sergi López Tomàs. The company will be exhibiting all its services and products at the iFXExpo in Limassol, Cyprus at booth 161. To know more about Financial Markets. media visit the new website: www.financialmarkets.media. Contact Details Financial Markets Media Carolina Olenka carolina@financialmarkets.media

May 25, 2022 01:00 PM Eastern Daylight Time

Image
Article thumbnail News Release

Shareholder Activist Confronts Big Tech Companies at Annual Meetings

National Legal & Policy Center

Today, Paul Chesser, Director of the National Legal and Policy Center’s Corporate Integrity Project, is presenting remarks at the Amazon, Twitter, and Meta annual meetings to support shareholder resolutions that the ethics group filed with the companies. Chesser’s remarks at the meetings today will focus on the shareholder resolutions NLPC filed targeting the ‘woke’ corporations’ lobbying activity and charitable donations. NLPC seeks more transparency, urging companies to protect shareholder interests by staying out of politics. NLPC has filed dozens of shareholder resolutions and appeared at the annual meetings of Berkshire Hathaway, Disney, Coca-Cola, and more. Additional resolutions are scheduled to be presented at the meetings for McDonald’s, Walmart, Alphabet, General Motors, and others. “Big-Tech leaders act like they know what is best for everyone and assume power by censoring information or supporting causes that are contrary to shareholder interests,” Chesser explained. “Corporate leaders cave to progressive political activists and support ‘woke’ causes that must be disclosed, but moreover, eventually put to an end.” In support of the Twitter shareholder proposal, Chesser plans to say that, “…Twitter wasted more than $1.7 million in 2021 on advocacy lobbying, tripling what it spent six years earlier. Twitter is all about ideology, not free speech, or profit. It is no wonder so many Twitter employees are terrified that Elon Musk is buying the company and plans to turn their lying, progressive playground into a true free-speech platform…” In remarks at the Amazon meeting, Chesser will point out that “Amazon's transparency about its charitable donations is vague at best, and opaque at worst.” He will share how Amazon funded the unaccountable, wild-spending Black Lives Matter Global Network Foundation at Chairman Jeff Bezos’s direction. “While many of us in middle America saw right through it, Princeton-educated Jeff Bezos fell for the con hook, line and sinker,” Chesser will say. At the Meta meeting Chesser plans to compare Facebook shareholders to mother of a rebellious teenager. “Unfortunately, Mr. Zuckerberg, currently obsessed with virtual reality while shareholder value tanks, is the equivalent of that teenager. And with the equivalent of well over 50 percent of voting shares, this teenager can do whatever the heck he wants. Shareholders are the helpless Mom,” Chesser plans to say. Chesser will point out Zuckerberg’s hypocrisy by censoring scientific truths about climate change alarmism, throttling of the Hunter Biden laptop story, and keeping COVID-19 information off the platform. “The Big Tech leaders were bamboozled by the BLM scammers and Hunter Biden protectionists. They refuse to admit they were wrong, and must be held accountable,” Chesser said. “Twitter, Amazon, Meta, and others in corporate America stand in stark contrast to the economic interests of the American people. Corporate leaders must be stopped from undermining the very systems that created the wealth they enjoy today.” All of Paul Chesser’s remarks at the three meetings will be posted at http://www.nlpc.org this afternoon. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org

May 25, 2022 11:08 AM Eastern Daylight Time

Article thumbnail News Release

Provana Partners with The iA Institute to Address Needs of Credit & Collections Industry

Provana

The iA Institute, publisher of insideARM, the premier publication for the credit & collections industry, and Provana, provider of the industry’s first unified platform for compliance and performance management, today announced a broad partnership to enhance the support both firms deliver to industry participants. As part of the partnership, Provana is making significant investments into iA Institute programs, including Research Assistant, Innovation Council, Consumer Relations Consortium, and Women in Consumer Finance, with a goal of bringing additional value to its members and expanding the membership. “Provana is a predominant industry player in credit and collections when it comes to its breadth and depth of products and global delivery model for businesses operating in these markets,” said Stephanie Eidelman, CEO of The iA Institute. “We are pleased to collaborate with the Provana team to extend the charter of our programs and better serve industry players.” “The iA Institute is a leading voice in the consumer finance market, especially pertaining to the regulatory hurdles of the full debt lifecycle,” said Sandeep Bhargava, CEO of Provana. “This partnership reinforces our mission to become a one-stop compliance and performance solution, providing digital capabilities, global delivery and thought leadership that raises the bar of competition in a way that benefits consumer finance industry participants.” There are a number of ways The iA Institute and Provana plan to create value for the industry. One way in particular is through the Research Assistant program, which provides a forum for compliance practitioners to solve challenges together as a peer group. The group not only includes practical compliance tools and regular analysis, but it also develops meaningful peer-built content based on tangible experience, which Provana will make available to subscribers though its own compliance management platform. “We look forward to taking an active part in the forums managed by The iA Institute,” said Britney Schaeffer, Director of Content Programs at Provana. “Provana has a rich heritage of thought leadership in solving compliance and performance issues for credit & collections businesses. We believe we can bring valuable new thinking to the Innovation Council and to compliance-related discussions.” “With Provana’s knowledgebase of industry processes and data, we anticipate Provana’s contribution in our Research Assistant program to help our subscribers a great deal,” said Aaron Steinberg, Chief Growth Officer of The iA Institute. “Provana brings a passion for leadership that puts women at the decision-making table, which means they will also have a lot to contribute in the Women in Consumer Finance forum.” Overall, the goal of the partnership is not only to create value for current iA Institute and Provana subscribers, but to deliver that same value to a broader base of industry constituents, including banks, fintechs, specialty finance players, and other enterprises that provide financing of their products and services to consumers. Many longtime industry participants have expressed positive sentiment about the partnership and its long-term implications for the consumer finance industry. “I have worked productively with both organizations for multiple years,” said Marian Sangalang, Vice President at The Bureaus, Inc. “With the changes in the regulatory and economic environment around our industry, I can think of no better time for these key players in our space to take their collaboration to the next level.” “The consumer finance industry is long overdue for a partnership of this nature,” said LaDonna Bohling, Chief Compliance Officer at Contract Callers, Inc.. “The lines between traditional creditors, their collections networks, and new tech-first creditors are blurring in the eyes of industry regulators. A thoughtful collaboration between two leading content and tech providers will help our industry raise the game for everyone involved.” About The iA Institute The iA Institute is a media company that specializes in providing context, insight, and practical information to the complex debt industry. With its long history as an innovator, the company has grown from its inception as a publisher of a daily newsletter to one that influences the industry at the highest level. Our initiatives bring a range of stakeholders to the table in a candid environment to inform, to build a culture of compliance, to address industry challenges, and to make profitable connections. Our initiatives cover three areas: Legal & Compliance, Strategy & Tech, and Women & Diversity. Learn more at www.theiAinstitute.com. About Provana Provana’s interaction management and compliance solutions are the first of their kind, providing effortless control over process-intensive operations. Available for consumer lending, legal, ARM, insurance and other industries that handle heavily regulated consumer interactions. Provana technology is based on over a decade of business process management, AI, RPA, regulatory compliance and secure data operation experience. Solutions include speech analytics, a compliance suite, omnichannel payments, legal tech, and business analytics, comprising a one stop digital transformation platform for small and medium enterprises. Provana is backed by a NYC-based Fintech PE, with a presence across the US and in India. Learn more at www.provana.com. Contact Details Britney Schaeffer +1 469-774-2409 britney.schaeffer@provana.com The iA Institute Aaron Steinberg aaron@theiainstitute.com Company Website https://www.provana.com/

May 25, 2022 09:05 AM Eastern Daylight Time

Article thumbnail News Release

DealMaker co-founders finalists for EY Entrepreneur Of The Year® 2022

DealMaker

DealMaker is delighted to announce that co-founders Rebecca Kacaba and Mat Goldstein, have been selected as regional finalists in the EY Entrepreneur Of the Year® 2022 Ontario program. Selected by an independent panel of judges, Rebecca and Mat have been recognized for building a company that is transforming the capital markets and FinTech industries through inclusive innovation, sustainable growth, and democratizing prosperity. DealMaker is a disruptor in the capital markets and transforms the way leading brands raise private capital through technology. In just 4 years, DealMaker has powered over $1.5 Billion in capital raised for issuers; that’s more than double any leading US counterpart in less than half the operating history. “It’s a great honour to be a finalist. Our mission has always been to innovate and digitize complex legal processes to democratize how capital is raised while increasing the access to invest to a wider audience” said Rebecca Kacaba, CEO, DealMaker. “None of this would have been possible without the dedication and hardwork of our entire international team at DealMaker. They bring our vision to life everyday and are allowing us to live our dream - we are extremely grateful.” “I am very grateful for our team to receive this recognition from EY,” said co-founder Mat Goldstein, “We love what we do and it’s phenomenal for our remarkable team to receive this kind of external appreciation for all of their hard work and innovation.” Issuers and organizations in the capital markets can learn more about DealMaker at https://www.dealmaker.tech/. DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions including investor ranking algorithms and data analytics tools to support all global private placements exemptions. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker puts forward-thinking organizations in control to run streamlined, successful capital raises in one centralized platform. The company’s offices are located in Toronto, Canada, Austin, Texas and Tampa, Florida. Visit DealMaker.tech for more information. Contact Details Natasha Jose natasha.jose@dealmaker.tech Company Website https://www.dealmaker.tech/

May 25, 2022 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Foresight and Chinese Tier-One SUNWAY-AI Collaborate on Product Development Following Successful POC Project

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of a memorandum of understanding (MOU) with SUNWAY-AI Technology (Changzhou) Co., Ltd. (“SUNWAY”), a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. The agreement follows the successful completion of a proof of concept (POC) project, reported by the Company on January 12 of this year. The MOU establishes a joint development program for an obstacle detection system for unmanned vehicles based on Foresight’s stereoscopic technology, using both visible-light and thermal cameras. SUNWAY designs and develops autonomous farms in China, among other projects, and intends to incorporate Foresight’s stereo vision technology into its unmanned agricultural vehicles and heavy machinery. The new product is designed for use by SUNWAY’s customers in solutions for the agriculture industry. Furthermore, SUNWAY will apply for the endorsement and financial support of the Chinese province of Jiangsu to underwrite and otherwise advance the joint development. Meanwhile, both parties intend to negotiate a commercial agreement to develop the above-mentioned obstacle detection system for SUNWAY’s end-customer and to establish a joint venture in China. About SUNWAY-AI Technology SUNWAY-AI Technology (Changzhou) Co., Ltd. focuses on research and development, design, manufacturing, and sales of intelligent vehicle technology and products. SUNWAY’s employees include technicians from the Institute of Automation of the Chinese Academy of Sciences, Tsinghua Automobile Research Institute, BAIC, and China Automobile. SUNWAY’s technologies and products are applied to autonomous vehicles, unmanned logistics and transportation vehicles, and unmanned commercial vehicles. Commercial cooperation to date includes well-known domestic enterprises such as XCMG group, LiuGong Group and Shenzhen Airport. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the MOU, including the intended joint development program of an obstacle detection system for unmanned vehicles for use by SUNWAY’s customers in the agriculture industry, that SUNWAY intends to apply for financial support from the Chinese province of Jiangsu and that the parties intend to negotiate a commercial agreement and to establish a joint venture in China. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 31, 2022, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd., Foresight Changzhou Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration and dense three-dimensional (3D) point cloud that can be applied to different markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

May 25, 2022 08:10 AM Eastern Daylight Time

Article thumbnail News Release

Global Affairs Canada Arranges High Level Meetings for Volatus at CANSEC 2022

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (OTCQB: VLTTF) ("Volatus" or "the Company") announces high-level meetings with military attaches from LATAM and Europe during CANSEC 2022. Several visiting delegations, including Lieutenant General Carlos Chávez Cateriano, Chief of Staff for the Peruvian Air Force, have requested meetings with Volatus during Canada’s largest global defence and security event being hosted at the EY Center in Ottawa on June 1-2, 2022. "We are honoured to have Lieutenant General Cateriano visit us at CANSEC as Peru and other sovereign entities look to add high-end military ISR and ISTAR drones to their capabilities" said Glen Lynch, Volatus CEO. "The Global Affairs Canada team has done an outstanding job helping us expand our business globally." During the show, Volatus will showcase a wide range of products including its mobile command vehicles, cargo & resupply drones, packable ISR drones, versatile land and sea ISTAR (Intelligence, Surveillance, Target Acquisition and Reconnaissance) and long-range surveillance drones. In addition, the company will debut its Task Force ISR service—a fully equipped team of Veteran UAV operators deployable globally to provide ISR services in times of crisis or natural disaster. The company will be showcasing products and services at CANSEC 2022 in Booths #801, #1911 and #3036. About Volatus Aerospace: Volatus Aerospace Corp. is a leading provider of integrated drone solutions throughout Canada, the United States, and Latin America. Operating a vast pilot network, Volatus serves commercial and defense markets with imaging and inspection, security and surveillance, equipment sales and support, training, and design, manufacturing, and R&D. Through its subsidiary Volatus Aviation, Volatus carries on the business of aircraft management, charter sales, and cargo services using piloted, remotely piloted, and autonomous aircraft. Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in policies of the TSX Venture Exchange) accept responsibility for the adequacy or accuracy of this release. Forward-Looking Statement This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement. Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Source: Volatus Aerospace Corp. TSXV: VOL Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

May 25, 2022 07:50 AM Eastern Daylight Time

Image
Article thumbnail News Release

Telematics can Now Issue Crypto Token for Driver Engagement, Powered by Damoov

Damoov

We are fast advancing to an age where the lines separating our real life from our virtual life are blurring. From Virtual Concerts to sites that let you buy virtual property anywhere in the world - it's all there already, and there is more coming up. In the latest development, Telematics major Damoov has announced the integration of the popular crypto networks of today, Solana and NEAR, to its Telematics platform. The integration opens up two significant possibilities. Firstly, companies building telematics-based apps can provide drivers with new ways of engaging by accruing crypto tokens for safe driving, eco driving or driver performance. The crypto tokens that have all known benefits and may be transferred to wallets across the entire blockchain ecosystem. On the other hand, gaming companies can easily build Play to Earn games where gamers can be rewarded with crypto for their real-life driving skills. Telematics is the field that studies vehicle movement and position data to arrive at actionable insights about driving skills, safety, and vehicle longevity. Companies like Damoov use machine learning to analyze the data to derive such insights. Damoov's APIs have been used by Automakers, Fleet Management Companies, Driving Schools, and Insurance companies to build their smartphone app for telematics. As per Ivan Shornikov, the CEO of Damoov, the promise is immense. " All existing smartphone telematics products are struggling with low driver's engagement. That is a game-changing step for driver engagement and future telematics. The new service unlocks huge opportunities to use crypto to improve safe driving, eco-driving, and driver performance," says Shornikov. " Most Importantly, this engagement feature doesn't require months of development. In as little as 30 mins, you can add crypto earning capabilities to your existing telematics-based apps for safe driving. " So, how does it work? Damoov's proprietary machine learning-based algorithm measures smartphone sensors data and translates it into driving behaviors, vehicle position and other variables to calculate Safe Driving Score, Eco Driving Score, and other performance metrics. These metrics can then be used as input for rewarding drivers as well as vehicle utilization. While such rewarding capabilities were already present in Damoov's telematics suite, the rewards get more real with the new developments. When it comes to Crypto gaming, we are also looking at some exciting possibilities. " We are in talks with Crypto Game Developers as well. We will soon see games where your real-life driving skills are linked to your virtual car and can reward you in the virtual world via crypto tokens," adds Shornikov. Damoov supports any 3rd party tokens launched on Solana or NEAR protocols, so Developers can launch their own tokens and connect them to Damoov platform. Founded in 2019 and headquartered in Washington, Damoov has so far raised funding from Alchemist Accelerator and StartaVC. Contact Details Ivan Shornikov PR Contact connect@damoov.com Company Website https://damoov.com

May 25, 2022 07:25 AM Eastern Daylight Time

Article thumbnail News Release

TRUST & WILL ACQUIRES EZ-PROBATE TO FURTHER ENHANCE ESTATE PLANNING EXPERIENCE

Trust & Will

Trust & Will, the leading digital estate planning platform, today announced the acquisition of EZ-Probate, the nation’s leading digital probate settlement provider. This acquisition will provide a more comprehensive estate planning experience for Trust & Will members, advisors, and partners by adding estate settlement and probate assistance benefits to the holistic portfolio of estate planning documents. EZ-Probate is an affordable and alternative approach to the traditional attorney probate process, helping families settle estates and navigate the probate legal procedure. Since its launch in 2016, EZ-Probate has resolved more than 3,500 cases and saved customers more than $30M in legal fees related to probate. On average, estates are settled within six months and for as little as $600 using EZ-Probate’s service. Probate is the legal process a person’s estate goes through after they pass away to distribute their assets to the proper heirs. There are estimated to be more than one million new probate cases in the U.S. each year. The average time to settle an estate using a traditional attorney takes up to 14 months and roughly $10,000 in legal fees. This is Trust & Will’s first acquisition to support its mission to help every family leave their legacy, accelerating its increased focus on digital asset and estate management and wealth distribution. “We are humbled to work directly alongside EZ-Probate, a brand and team that I’ve admired in the end-of-life planning space for years,” said Cody Barbo, Founder & CEO of Trust & Will. “By integrating EZ-Probate into our estate planning platform, we can better serve families with customized and affordable solutions to fit their needs and help build generational wealth.” Both Trust & Will and EZ-Probate were created from their founders’ desires to modernize an antiquated industry that caused families financial and mental stress to carry out the wishes of their loved ones through estate planning and settlement. EZ-Probate was founded by Byron Batres, CFP ®, who serves as the company’s CEO. He will transition into a new role at Trust & Will as General Manager of Probate. “We are excited to join the growing Trust & Will team and help more families tackle the process of settling estates,” said Byron Batres, CEO of EZ-Probate. “I founded EZ-Probate after my own experience of acting as an executor for my family’s estate. Even with years as a Certified Financial Professional under my belt, I was extremely frustrated by the slow and expensive legal process. By merging with Trust & Will, we can help more families navigate the complex processes involved with estate settlement by providing much-needed access to affordable legal services that are a fraction of the cost of a typical attorney.” The existing EZ-Probate team will be joining the newly formed Probate team within Trust & Will, bringing the company’s remote workforce to more than 90 employees across 19 states. To learn more, visit http://trustandwill.com/probate-acquisition. ##### ABOUT TRUST & WILL Trust & Will is a modern approach to digital estate planning, offering legally valid documents designed and approved by estate planning attorneys to adhere to individual state guidelines. Since 2017, more than 300,000 Trust & Will members have created an online estate plan to set up their family legacy. We make estate planning simple, affordable, and accessible by providing a secure way to set up a plan online in minutes, using bank-level encryption that protects customer data and complies with the highest security standards, including SOC2. Trust & Will is the official estate planning benefit provider for AARP members and is a proud partner of several leading financial institutions, including Northwestern Mutual and Haven Life. To learn more, visit trustandwill.com. ABOUT EZ-PROBATE EZ-Probate is the easiest and most cost-effective way to probate an estate in the U.S. Our proprietary software prepares ready-to-sign documents vetted by probate attorneys with easy-to-follow instructions, empowering customers to expedite the process conveniently, and either avoid probate or probate an estate on their own, significantly reducing costs, time and stress. For more information, visit ez-probate.com. Contact Details Trust & Will Danielle Nuzzo +1 631-807-7772 danielle@trustandwill.com Company Website https://trustandwill.com

May 25, 2022 07:04 AM Eastern Daylight Time

1 ... 462463464465466 ... 647