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Global Uranium Market Surges as US Production Rebounds and Canada Advances Major Projects

MarketJar

On behalf of Generation Uranium Inc. The global uranium market is experiencing a wave of activity, marked by a significant uptick in production and the greenlighting of new projects. In the United States, uranium production made a stunning comeback in early 2024, outpacing the entire output of the previous year. Across the border, Saskatchewan is on the cusp of launching what could become Canada’s largest uranium mining project. According to the US Energy Information Administration (EIA), domestic uranium production in the first quarter of 2024 exceeded the total for all of 2023, with over 82,000 pounds of uranium concentrate (U3O8) mined—a 64% jump from the 50,000 pounds produced last year. 1 The 2023 slump was largely attributed to the shutdown of Utah's only uranium mill, but a surge in exploration and drilling activities throughout 2023 has fueled the current rebound. Despite this production surge, the spot price for U3O8 in Canada has dipped to $81.75 per pound, the lowest point of 2024 so far. The increase in US uranium production reflects a broader trend of renewed interest and investment in the uranium sector, which is also evident in Canada with significant new projects on the horizon. Saskatchewan is gearing up to host the country’s largest uranium mining project as NexGen Energy moves forward with the Rook I Project. Located 130 kilometers north of La Loche, the project recently received provincial approval under Saskatchewan’s Environmental Assessment Act, 2 marking the first time in over two decades that a greenfield uranium project has secured full environmental assessment approval in the province. While federal approval is still pending, NexGen plans to have the project operational by the end of the decade. Saskatchewan’s Energy and Resources Minister, Jim Reiter, remains optimistic about the province's critical minerals industry, despite challenges like labor shortages and setbacks in rare earth elements processing. He expressed confidence in the sector’s long-term potential, driven by growing global demand for critical minerals essential for renewable energy and battery technologies. Another company making progress on an exciting uranium project in Canada is Generation Uranium (TSXV:GEN) (OTCQB:GENRF), a natural resource company that holds a 100% interest in the Yath Uranium Project, located in the prolific and under-explored Thelon Basin in Nunavut, Canada. The Yath project is situated along trend from the 43 million lbs Lac 50 uranium deposit, which is being advanced by Latitude Uranium, a company acquired by ATHA Energy in an all-share transaction valued at $64.7 million. 3 Historical exploration at Yath has consistently revealed uranium concentrations between 1% and 10% U3O8, highlighting its significant promise. 4 Generation Uranium to Launch Advanced Survey at Yath Uranium Project in Collaboration with Atha Energy Generation Uranium (TSXV:GEN) (OTCQB:GENRF) is ramping up its exploration efforts at the highly anticipated Yath Uranium Project in Nunavut, Canada, with the launch of a cutting-edge airborne electromagnetic survey. This bold move is set to redefine the exploration landscape in one of Canada’s most promising uranium districts. In a strategic collaboration with ATHA Energy Corp, Generation Uranium has engaged the services of Expert Geophysics Ltd., a pioneer in geophysical survey technologies, to deploy their advanced Mobile MagnetoTellurics (MMT) system. This system, known for its unparalleled accuracy, will employ the latest airborne AFMAG (Audio-frequency Magnetic) technology to map out electromagnetic (EM) anomalies across the vast 123.45 km² Yath property. The survey will span 890 line-kilometers with an impressive 150-meter line spacing, meticulously collecting high-resolution magnetic and VLF data. This comprehensive survey aims to unlock the hidden treasures within Yath, positioning it as a potential game-changer in the uranium sector. What makes this initiative even more exciting is its integration with Atha Energy’s larger survey, creating a powerful synergy that reduces costs and accelerates the exploration timeline. "We are pleased to have procured the services of Expert Geophysics to initiate some of the most advanced mapping technology available in the industry,” said Generation Uranium CEO Anthony Zelen. “Our collaboration with Atha Energy makes sense by using economies of scale to deliver a cost-effective way to survey Yath and advance the project towards the drill.” This ambitious exploration effort is a testament to Generation Uranium ’s commitment to pushing the boundaries of what’s possible in uranium exploration. With over $6 million already invested in Yath by the company and previous property owners, the upcoming survey is expected to yield valuable insights that could pinpoint new high-priority drill targets and propel the project to new heights. Generation Uranium Partners with APEX Geoscience to Advance Yath Project Towards Diamond Drilling Campaign Last month, Generation Uranium (TSXV:GEN) (OTCQB:GENRF) entered into a strategic partnership with APEX Geoscience to enhance its exploration activities at the Yath Uranium Project in Nunavut, Canada. As part of this collaboration, APEX will provide comprehensive geological consulting services, with a focus on advancing the project toward a much-anticipated diamond drilling campaign. Under the agreement, APEX Geoscience will oversee the preparation and submission of all necessary exploration authorization applications for the upcoming drilling program. This includes thorough groundwork and coordination with key regulatory bodies, such as the Nunavut Planning Commission, the Nunavut Impact Review Board, and the Kivalliq Inuit Association, to ensure full compliance with regulatory and community requirements. This engagement with APEX is timely, as Generation Uranium seeks to build on historical data that points to significant uranium potential at Yath. Past explorations have identified high-grade uranium deposits, with recent surveys by Kivalliq Energy further validating these findings. The partnership highlights Generation Uranium 's commitment to utilizing expert knowledge and advanced technology to unlock the Yath Uranium Project's full potential, laying the groundwork for future development and economic growth in the region. Click here for more information about Generation Uranium (TSXV:GEN) (OTCQB:GENRF). [1] https://www.spglobal.com/commodityinsights/en/market-insights/blogs/energy-transition/081424-et-highlights-us-uranium-india-renewables-blue-hydrogen-vcm-carbon-tax [2] https://ca.news.yahoo.com/sask-government-approval-brings-biggest-191818071.html [3] https://www.juniorminingnetwork.com/junior-miner-news/press-releases/3224-tsx-venture/gen/157786-generation-uranium-to-begin-exploration-program-on-its-100-wholly-owned-yath-project-in-nunavut-canada.html [4] https://generationuranium.com/yath-project Disclaimer 1) The author of the Article, or members of the author’s immediate household or family, do not own any securities of the companies set forth in this Article. The author determined which companies would be included in this article based on research and understanding of the sector. 2) The Article was issued on behalf of and sponsored by, Generation Uranium Inc. 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These forward-looking statements include, among other things, statements relating to: (a) revenue generating potential with respect to Generation Uranium Inc.’s industry; (b) market opportunity; (c) Generation Uranium Inc.’s business plans and strategies; (d) services that Generation Uranium Inc. intends to offer; (e) Generation Uranium Inc.’s milestone projections and targets; (f) Generation Uranium Inc.’s expectations regarding receipt of approval for regulatory applications; (g) Generation Uranium Inc.’s intentions to expand into other jurisdictions including the timeline expectations relating to those expansion plans; and (h) Generation Uranium Inc.’s expectations with regarding its ability to deliver shareholder value. Forward-looking statements are not a guarantee of future performance and are based upon a number of estimates and assumptions of management in light of management’s experience and perception of trends, current conditions and expected developments, as well as other factors that management believes to be relevant and reasonable in the circumstances, as of the date of this document including, without limitation, assumptions about: (a) the ability to raise any necessary additional capital on reasonable terms to execute Generation Uranium Inc.’s business plan; (b) that general business and economic conditions will not change in a material adverse manner; (c) Generation Uranium Inc.’s ability to procure equipment and operating supplies in sufficient quantities and on a timely basis; (d) Generation Uranium Inc.’s ability to enter into contractual arrangements with additional parties; (e) the accuracy of budgeted costs and expenditures; (f) Generation Uranium Inc.’s ability to attract and retain skilled personnel; (g) political and regulatory stability; (h) the receipt of governmental, regulatory and third-party approvals, licenses and permits on favorable terms; (i) changes in applicable legislation; (j) stability in financial and capital markets; and (k) expectations regarding the level of disruption to as a result of CV-19. Such forward-looking information involves a variety of known and unknown risks, uncertainties and other factors which may cause the actual plans, intentions, activities, results, performance or achievements of Generation Uranium Inc. to be materially different from any future plans, intentions, activities, results, performance or achievements expressed or implied by such forward-looking statements. Such risks include, without limitation: (a) Generation Uranium Inc.’s operations could be adversely affected by possible future government legislation, policies and controls or by changes in applicable laws and regulations; (b) public health crises such as CV-19 may adversely impact Generation Uranium Inc.’s business; (c) the volatility of global capital markets; (d) political instability and changes to the regulations governing Generation Uranium Inc.’s business operations (e) Generation Uranium Inc. may be unable to implement its growth strategy; and (f) increased competition. 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Geo, (L5569) at Generation Uranium as the Qualified Person for the Company as defined in National Instrument 43-101. 9) Investing is risky. The information provided in this article should not be considered as a substitute for professional financial consultation. Users should be aware that investing in any form carries inherent risks, and as such, there is a possibility of losing some or all of their investment. The value of investments can fluctuate significantly within a short period, and investors must understand that past performance is not indicative of future results. Additionally, users should exercise caution as transactions involving investments may be irreversible, even in cases of fraud or accidental actions. It is crucial to acknowledge that rapidly evolving laws and technical issues can have adverse effects on the usability, transferability, exchangeability, and value of investments. Furthermore, users must be cognizant of potential security risks associated with their investment activities. Individuals are strongly encouraged to conduct thorough research, seek professional advice, and carefully evaluate their risk tolerance before engaging in any investment endeavors. Market Jar Media Inc. is neither an investment adviser nor a broker-dealer. The information presented on the website is provided for informative purposes only and is not to be treated as a recommendation to make any specific investment. No such information on PressReach.com constitutes advice or a recommendation. Contact Details James Young +1 800-340-9767 campaigns@pressreach.com Company Website https://pressreach.com

August 22, 2024 08:30 AM Eastern Daylight Time

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AI Security Company Reports Growth – President Speaks To Benzinga

Benzinga

By Johnny Rice, Benzinga Paul Allen, President of Airship AI (NASDAQ: AISP), was recently a guest on Benzinga’s All-Access. Airship AI is a cutting-edge, artificial intelligence-driven video, sensor and data management surveillance platform. Customers rely on its services to provide actionable intelligence in real-time –- collected from a wide range of deployed sensors and utilizing the latest in edge and cloud-based analytics. These capabilities improve public safety and operational efficiency for both public sector and commercial clients. Mr. Allen spoke about the company’s recent quarterly earnings, which showed growth. Learn more here: Featured photo by Bernard Hermant 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

August 22, 2024 08:30 AM Eastern Daylight Time

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Alta Global Targets 45,000 US Martial Arts Gyms To Drive Revenue Growth With Hype Marketing Launch

RazorPitch MMA

Alta Global Group (NYSE American:MMA) recently announced a nationwide roll-out of its newly acquired, all-in-one marketing platform called Hype, to combat sports gym partners across the United States. Apart from revolutionizing the way the combat sports industry monetizes its social followers and enhances member engagement, Hype sets Alta up to drive major revenue growth. Hype is like a mini-website builder, a CRM and payments processor all built into one that you can operate from your smartphone. So let's say a business owner has been growing their business through Instagram or Facebook and has amassed a large social media following. What Hype essentially allows them to do is take those followers social media and replicate them onto a platform with more freedom and tools to communicate and monetize. Hype is an extremely powerful tool for business owners due to a number of reasons. First, it helps business owners avoid the problem of having a limited number of links in their bios, which is common in some social media apps. Also, even if a business has a large social media following, every time it wants to communicate something or send a message to its followers, the algorithm essentially dictates that only a small percentage of the followers actually end up seeing the message, making it a very ineffective and unreliable way to reach potential customers. That is where Hype comes in. The platform makes the process of converting a social media following much more efficient, giving full control over the potential customer base once they are in the CRM. From there, you can communicate with them directly via email or SMS without being at the behest of social media algorithms. Hype’s nationwide rollout ties in well with Alta’s long-term mission of converting 640 million combat sports fans into participants because the intimate, community-oriented nature of combat sports gyms fosters strong relationships and referrals. This network effect could enhance the penetration of Hype among gym owners, coaches, and athlete influencers within each gym community. The revenue potential for Alta Global Group (NYSE American:MMA) here is substantial considering that Hype operates on a traditional SaaS model. Hype's subscription pricing ranges from $39 to $299 per month. It also collects a transaction fee of up to 5% across all transactions processed through the platform. Hype is currently generating approximately $200,000 per year in recurring revenue from subscriptions and transactions, but this figure could be gearing up for exponential growth. To illustrate this potential, think of it this way: At the moment, there are about 45,000 gyms in the US, with 67,000 forecast by 2026 that have the potential to bring in revenue of anywhere from $39 to $299 a month. In addition to that, you’ve got a huge network of at least 100,000 coaches, on top of the number of gyms and 11.8 million active participants in the US alone. Alta Global Group (NYSE American:MMA) believes that the coaches will obviously want to sell memberships and promote people coming to the gym for the trial. With every gym having say 3 or 4 coaches who often sell private 1 on 1 lessons and may again have a large social media following independent from the gym itself, Hype would provide them with an opportunity to target their social followers with private classes or even monetize their own training content. According to Alta's founder and CEO, Nick Langton, "We have a great opportunity here to help our gym partners, coaches, and athletes better monetize their infrastructure and content while Alta Global Group (NYSE American:MMA) benefits from the subscription-based monthly recurring revenue stream. With a potential footprint of tens of thousands of gyms across the US and annual subscription revenues of up to $3500 (plus potential transaction revenue), plus many more coaches and athlete influencers, the opportunity for Alta is substantial as we help bring more of the 640 million MMA fans into their local gyms for direct participation in their favorite sport." From an investor's perspective, capturing just 10% of the US martial arts gym market—approximately 4,500 gyms—at a mid-tier price of $99 per month could generate at least $5 million in additional revenue for Alta, with minimal added costs. At a premium price of $299 per month, this figure could reach up to $15 million. And that's just from gym subscriptions alone and also excluding the transaction fees, highlighting significant potential for further growth. In the US, there’s approximately 340,000 certified personal trainers working professionally and over 100,000 athlete influencers, all of whom can leverage Hype’s platform to create more value for their brands. Again, what's most exciting about Hype is that Alta can target a multitude of other businesses apart from combat sports gyms. There’s about 27.1 million businesses in the US managed by sole owners, and Hype could be a key tool for driving conversions of their social media following. As mentioned before, Hype combines features from multiple established SaaS brands into a comprehensive solution that can be tailored for combat sports gyms, reducing the need for multiple subscriptions. It competes with platforms like WordPress and Squarespace for website creation, and provides more flexible payment options. Perhaps the most interesting thing here is just the number of products Hype can replace. For instance, Linktree, Mailchimp, and Hubspot are multibillion dollar companies. Since Alta currently has a market cap of about $30 million, it appears to have significant room to grow its valuation in the near term as Hype’s rollout gathers momentum. That potential is reaffirmed by the fact that some of these products have been acquired at sky-high valuations. For instance, Mailchimp was acquired for about $12 billion by Inuit back in 2021 and recently there were rumors of Alphabet intending to acquire Hubspot in a deal valued at $25 billion. While Alta doesn't currently have any direct comparables, investors should note a couple of things. What the company is really doing is acknowledging that most businesses now, or a lot of small businesses, rely heavily on social media platforms such as TikTok, Instagram, or Facebook for most of their customer acquisition. So rather than replacing these social media apps, Hype offers a more efficient way to actually take those potential customers into your own sales funnel. The main takeaway here is that the rollout of Hype across the US is set to unlock substantial shareholder value after this major milestone. So far, Hype as a product has been around for a while and already has a customer base that sits well beyond the combat sports realm, which further validates the business model. Although Alta Global Group (NYSE American:MMA) is initially targeting combat sports gyms, there’s still a lot of revenue potential through Hype if the company decides to expand into other adjacent sectors like community sports or different athletes. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 Mark@RazorPitch.com Company Website http://razorpitch.com

August 22, 2024 08:00 AM Eastern Daylight Time

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News Release

Top AI Stocks to Watch Under $5

IVDA SOUN BBAI POET

Artificial intelligence has emerged as a dominant theme over the past year, with the stock market rapidly recognizing its potential. Companies across various sectors are integrating AI solutions into their core business models to reduce costs, enhance performance, and explore new market opportunities. The global AI market is set for explosive growth, projected to reach $826 billion by 2030, driven by a compound annual growth rate of 28.46% from 2024 to 2030, according to Statista. This growth is reflected in the technology sector's performance, with the Nasdaq-100 Technology Sector index soaring 69% since the start of 2023, largely fueled by advancements in AI. With AI’s rapid expansion creating new opportunities, these four stocks under $5 could be worth exploring in this evolving sector. Iveda Solutions, Inc. (NASDAQ: IVDA) is at the forefront of the smart city and video surveillance revolution, leveraging its innovative cloud-based AI technology to redefine safety, security, and operational efficiency. With a robust portfolio of solutions, Iveda is making significant strides in various sectors, from public safety to fluid management. The company’s launch of the IvedaAI Cloud Subscription back in May marked a significant milestone in democratizing AI-powered video surveillance. This service transforms existing IP cameras into advanced smart cameras, offering features like facial recognition and intrusion detection. Priced at $99.99 per month, the service is designed to be accessible to a wide range of users, from homeowners to business owners. David Ly, CEO and founder of Iveda, highlights the service’s impact: “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” As the global demand for AI-enhanced surveillance grows, projected to hit $55.22 billion by 2030, Iveda is strategically positioned to capture a significant share of this expanding market. A game-changer in video surveillance, the IvedaAI Cloud Subscription transforms existing IP cameras into advanced AI-driven systems. For just $99.99 per month, users gain access to powerful features such as facial recognition, intrusion detection, and license plate recognition, making high-end security technology accessible to both small businesses and residential users. This democratization of AI technology is expected to capture a significant share of the global IP camera market, projected to reach $55.22 billion by 2030. David Ly, CEO and founder of IVDA, emphasizes, “With IvedaAI Cloud Subscription, anyone with an IP camera can now experience the safety and security advantage of AI without breaking the bank.” This innovative service marks a significant milestone in making advanced security accessible to a broader audience. In addition to this, Iveda has also introduced the IvedaAI Forensics Desk. Launched in July 2024, the IvedaAI Forensics Desk enhances law enforcement capabilities in the Philippines by providing advanced AI tools for video analysis. Timmy Evangelista, CTO of Iveda Philippines, notes, “The Forensics Desk will truly transform the way local police units handle video evidence,” highlighting its potential to significantly improve crime-solving efficiency. IVDA ’s global expansion is underpinned by strategic partnerships that leverage local expertise to penetrate new markets. The collaboration with the Arab Organization for Industrialization (AOI) and ZeroTech in Egypt exemplifies this strategy. As Egypt embarks on developing 38 new smart cities by 2050, IvedaAI technology is set to play a crucial role in enhancing security and operational efficiency. Beyond the Middle East, IVDA is expanding its footprint in Asia and Latin America. Recent contracts in Vietnam and Taiwan, along with a significant partnership in Latin America, underscore Iveda’s growing international presence and its potential to drive substantial revenue growth in these emerging markets. Iveda Solutions, Inc. (NASDAQ: IVDA) is also making strides in the senior care sector. The integration of IvedaCare with IvedaAI at Waymark Gardens, a senior living facility in Glendale, AZ, is part of a $1.032 billion Veterans Affairs contract for remote patient monitoring. This integration enhances the safety and well-being of seniors by combining IvedaCare’s camera-less sensors with IvedaAI’s real-time video monitoring. David Ly notes, “We’re beginning to see real progress on the VA contract awarded to us in 2023. The integration of IvedaAI at Waymark Gardens is a testament to our technology’s growing value.” Dr. Eric Luster, CEO of Movement Interactive, praises Waymark Gardens as a model for senior living innovation, adding, “Our technology’s success here is driving broader adoption and showcasing real-world benefits.” Residents and staff at Waymark Gardens have responded positively, with one resident stating, “I feel safer knowing that my family is alerted in case of any issues, and IvedaCare’s technology gives us peace of mind.” Iveda Solutions (NASDAQ: IVDA) stands at the intersection of AI, video surveillance, and smart city technology. With a robust portfolio of products and a series of strategic global partnerships, Iveda is uniquely positioned to capitalize on the growing demand for AI-driven security solutions. As the company continues to expand its market reach and enhance its product offerings, it presents a compelling opportunity for investors interested in this emerging segment. SoundHound AI (Nasdaq: SOUN) is positioning itself as a dominant force in the conversational AI space, offering cutting-edge voice solutions to a wide range of industries. Its proprietary technology powers millions of interactions annually across automotive, customer service, and IoT sectors, with products like Smart Answering and Dynamic Drive-Thru driving the company’s reputation for speed and accuracy. In Q2 2024, SOUN reported record revenue of $13.5 million, a 54% increase from the previous year. CEO Keyvan Mohajer noted this as a "milestone quarter," highlighted by the acquisition of Amelia, a move that expanded SoundHound’s reach across verticals like banking and Fortune 500 companies. Post-acquisition, SoundHound now serves 200 marquee customers globally, accelerating its presence in the generative AI-powered customer service market. The company’s success is reflected in its financial strength. With a cumulative booking backlog of $723 million, SoundHound nearly doubled its customer commitments year-over-year. Its gross margins reached 67%, and the firm boasts a cash balance of $201 million after paying down $100 million in debt. The company’s raised revenue guidance for 2024 targets $80 million, with expectations to climb further to $150 million by 2025. SoundHound’s (Nasdaq: SOUN) voice AI is being integrated into six Stellantis brands, including Peugeot and Alfa Romeo, across multiple languages. It also signed a contract with a U.S. EV manufacturer to implement its AI assistant fleet-wide, marking a significant breakthrough in the automotive sector. Partnerships with Perplexity and Connex2X enhance SoundHound’s AI reach across connected vehicles and devices. BigBear.ai (NYSE: BBAI) stands out as a prominent player in the AI sector, particularly in areas such as national security, digital identity, and supply chain management. The company's recent developments showcase its strategic position and the potential for significant growth in the AI-driven decision intelligence market. BigBear.ai’s strategic initiatives, such as the development of the ConductorOS platform, highlight the company's commitment to delivering cutting-edge solutions. ConductorOS, designed to work seamlessly within any existing infrastructure, underscores BigBear.ai's focus on enabling AI integration in highly complex and distributed environments. The company's signing of a Master Service Agreement (MSA) with Heathrow Airport further cements its role in providing advanced technologies for critical infrastructure. This partnership not only enhances security and operational effectiveness but also aligns BigBear.ai with major players in the transportation sector, a crucial step for expanding its market presence. BigBear.ai reported a 3.4% increase in revenue for the second quarter of 2024, reaching $39.8 million, compared to $38.5 million in the same quarter of 2023. This growth was driven by higher-margin solutions and the integration of revenue from its Pangiam acquisition. The gross margin also improved to 27.8% from 23.3% year-over-year, signaling a positive trend in profitability despite the planned wind-down of the Air Force EPASS program. However, the company faced challenges, including the timing of customer awards and regulatory approvals, which led to a downward adjustment of its full-year guidance to $165–$180 million. While the net loss decreased to $11.7 million from $16.9 million in the previous year, the ongoing non-recurring integration costs and strategic initiatives continued to impact the bottom line. BigBear.ai's recent contract wins and partnerships underscore its expanding influence across various sectors. The company's collaboration with Concept Solutions in the FAA’s Information Technology Innovative Procurement Strategic Sourcing (ITIPSS) contract is particularly noteworthy. This multiple-award IDIQ contract, with a shared ceiling of $2.4 billion over ten years, positions BigBear.ai as a critical partner in delivering IT solutions and emerging technologies to the FAA. Additionally, BigBear.ai’s involvement in significant projects like the DoD’s T-REX-24-2 event and its partnerships with major airports, such as Heathrow and Dallas Fort Worth International Airport, showcase its growing role in implementing AI-powered solutions in critical infrastructure. These developments contribute to a robust backlog, which stood at $266 million as of June 30, 2024. As artificial intelligence (AI) continues to reshape industries and drive technological advancements, POET Technologies Inc. (NASDAQ: POET) (TSX Venture: PTK ) is emerging as a key player in this transformative wave. Specializing in high-speed optical modules and engines, POET’s innovations are essential for meeting the skyrocketing demands of AI and hyperscale data centers. At the heart of POET’s offerings is the POET Optical Interposer, a groundbreaking platform that integrates electronic and photonic devices into a single chip. This revolutionary technology not only reduces costs and power consumption but also enhances performance and scalability—critical factors as AI systems grow increasingly complex and data-intensive. POET’s recent expansion of its partnership with Luxshare Technology Co. Ltd. underscores its growing influence in the AI sector. The collaboration will see POET’s advanced optical engines incorporated into Luxshare Tech’s 400G and 800G transceivers, catering to the high-speed communication needs of AI networks. This development follows the successful testing of POET’s 800G 2xFR4 OSFP modules, highlighting the company’s ability to deliver cutting-edge solutions that keep pace with rapid technological advancements. POET recently secured $15 million through equity capital and an additional $10 million from a registered direct offering, boosting its cash reserves to approximately $28.7 million. These funds position POET for continued growth and innovation, while its recognition as the “Best Optical AI Solution” at the AI Breakthrough Awards solidifies its status as a leader in the field. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of content related to IVDA. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website https://razorpitch.com/

August 22, 2024 05:00 AM Eastern Daylight Time

Navigate your Investment Roadmap with Select Sector SPDR ETFs

Select Sector SPDR

In an era where market dynamics shift as swiftly as the winds, Select Sector SPDR ETFs remain a beacon for investors aiming to harness the potential of sector-specific investments. Tailored to meet the diverse needs of both individual and institutional investors, these ETFs chart a course for strategic portfolio management by distilling the vast S&P 500 into accessible segments. Focused Investment Across Diverse Sectors Select Sector SPDR ETFs stand out by offering a focused approach to investing, breaking down the broad landscape of the S&P 500 into key sectors. This segmentation allows investors to pinpoint their investments according to specific economic areas, aligning their portfolios with their investment goals, risk assessments, and market perspectives. Below is a glimpse into the diverse holdings that form the core of the Select Sector SPDR ETFs: Communication Services Select Sector SPDR Fund (XLC): Zooms in on the telecommunications and media sectors, capturing the pulse of digital communication. Consumer Discretionary Select Sector SPDR Fund (XLY): Targets the vibrant consumer goods and services sector, from retail giants to entertainment behemoths. Consumer Staples Select Sector SPDR Fund (XLP): Focuses on essential consumer goods and services, providing stability in fluctuating markets. Energy Select Sector SPDR Fund (XLE): Powers through with a dedicated look at the energy sector, from fossil fuels to renewable resources. Financials Select Sector SPDR Fund (XLF): Encompasses the robust banking, investment, and insurance industries, the backbone of economic infrastructure. Health Care Select Sector SPDR Fund (XLV): Centers on the pharmaceuticals, healthcare equipment, and services sectors, addressing global health needs. Industrials Select Sector SPDR Fund (XLI): Broadens the horizon with manufacturing, construction, and logistics firms. Materials Select Sector SPDR Fund (XLB): Covers the foundational chemicals, construction materials, and packaging industries. Real Estate Select Sector SPDR Fund (XLRE): Opens doors to commercial real estate services and REITs. Technology Select Sector SPDR Fund (XLK): Accelerates into the information technology and electronics sectors, powering innovation and connectivity. Utilities Select Sector SPDR Fund (XLU): Illuminates the path with utility companies, ensuring the flow of essential services. A Path for Strategic Investment By offering a lens through which to invest in specific sectors, Select Sector SPDR ETFs enable investors to steer their portfolios with confidence and clarity. The ETFs’ commitment to transparency and strategic focus empowers investors to adapt and thrive amidst the ebb and flow of market conditions. In the evolving landscape of the financial markets, Select Sector SPDR ETFs stand as a testament to the power of targeted investment. Through detailed sector analysis and dedicated portfolio exposure, these ETFs offer a distinguished pathway for those seeking to refine their investment strategies with sector-specific allocations. About Select Sector SPDR ETFs Select Sector SPDR ETFs are a series of exchange-traded funds designed to provide investors with an effective way to engage in sector-specific investment strategies. By segmenting the S&P 500 into distinct sectors, Select Sector SPDR ETFs furnish investors with the tools necessary for targeted and strategic investment decisions. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007734 EXP 10/31/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

August 22, 2024 05:00 AM Eastern Daylight Time

Brief Filed in Opposition to Warren Buffett’s Attempt to Get Lawsuit Dismissed

NLPC

On Monday the National Legal and Policy Center filed its brief in federal court in Omaha, Nebraska opposing Warren Buffett ‘s and Berkshire Hathaway ‘s motion to dismiss NLPC’s lawsuit filed in May to hold them accountable for having NLPC’s Chairman, Peter Flaherty, arrested at Berkshire’s 2023 Annual Meeting. Mr. Flaherty’s presentation, as part of the meeting agenda, supported NLPC’s shareholder proposal to have the positions of Chairman and CEO be held by separate individuals, as a matter of good corporate governance. As part of his presentation, Mr. Flaherty criticized Mr. Buffett’s billions of dollars of support to the Bill and Melinda Gates Foundation, which promotes the controversial Critical Race Theory teaching that “math is inherently racist,” and a Gender Identity Toolbox, “which asserts that gender is a result of socially and culturally constructed ideas.” Mr. Flaherty also pointed out Bill Gates ‘s relationship with convicted sex offender Jeffrey Epstein, which had been reported in a Wall Street Journal story two days before the meeting. As he spoke, Buffett cut Flaherty’s microphone and ordered his security guards to eject Mr. Flaherty from the arena, who had an Omaha Police officer arrest Flaherty on the spot. “The silencing and arrest of a shareholder who was speaking in favor of a shareholder proposal has never before occurred at an annual meeting of a public company in the United States,” Flaherty said. “We look forward to having our day in court to hold Mr. Buffett and Berkshire Hathaway accountable for their actions,” said NLPC Counsel Paul Kamenar. It is expected that the federal court will rule in the coming weeks on Berkshire’s motion to dismiss. Click here for NLPC’s Brief. Click here for Exhibit #1 (charge dismissal document). Click here for Exhibit #2 (meeting transcript) Click here for Exhibit #3 (Flaherty Declaration) Click here for NLPC’s original Complaint (May 3, 2024) Founded in 1991, the National Legal and Policy Center promotes ethics in public life 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

August 21, 2024 02:00 PM Eastern Daylight Time

Flash ‘Puts Parking on the Map’ with Google Search, Google Maps, and Now Waze

Flash

Flash today announced the full U.S. release of reservable parking transactions in Waze that Flash developed in collaboration with the popular navigation app. Waze joins Google Search and Google Maps in Flash’s growing portfolio of integrations which features parking options with Flash across all three major platforms, including many of the world’s largest parking operators and owners. Together, Flash and Waze set a new standard for how drivers find and pay for parking at 30,000 parking locations in North America. When drivers enter their destinations in Waze, the app now suggests nearby reservable parking locations. Drivers can see important details for selecting their preferred parking location such as cost, amenities, wheelchair-accessibility and valet options. Drivers can reserve and pay for the parking location they choose, and Waze will route them to the selected parking destination where they can access the parking facility with a digital pass. “Driver behaviors and expectations are shifting, and our efforts to embed reservable parking and charging experiences with leading apps and platforms anticipated that shift,” said Dan Roarty, Chief Digital Officer at Flash. “We can help parking asset owners and operators meet drivers in the apps and sites where they plan their travel and bring an end to the era of circling blocks, wasting time and fuel in the search for parking.” Early results prove that allowing drivers to book parking directly in the search and navigation apps they use most is a win for parking owners and operators. Over 90 percent of these drivers are new customers to the parking locations. They make Google parking reservations 8.5 hours in advance and at a median distance of 22.3 miles away from their destination. These customers plan ahead through digital services and trust the navigation apps they already use. “This is an exciting time in the parking industry as Flash continues to partner with Parkway to make our customer experience more seamless and integrated than ever,” said Robert Zuritsky, Parkway President and CEO. “Parkway is thrilled to see reservable parking at our locations made available through these services. Flash understands our business and continually innovates to deliver new channels and capabilities that drive additional customers and transactions to us.” Flash’s integrations with Waze, Google Search and Google Maps unify operators’ availability and pricing data and performance metrics across these Google properties. These properties join Flash’s growing integration footprint alongside existing relationships with Ticketmaster, hundreds of major event venues and automakers like Mercedes Benz and Hyundai. Flash’s flexible developer tools and payment configurations support the integration of Flash experiences into a wide range of interfaces, from desktop and mobile browsers to mobile apps, connected car dashboards and enterprise applications for employee parking and fleets. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations — connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress from driving. The solution has arrived. Visit www.flashparking.com to learn more. Note to the editor: Find b-roll footage and animation of the user experience in Waze for use at the included links. A list of selected reservable parking options for landmarks in major cities is available by request. Contact Details Razor Sharp PR Ian Thomas +1 512-822-5490 ian@razorsharppr.com Company Website https://www.flashparking.com/

August 21, 2024 09:49 AM Central Daylight Time

Airship AI (NASDAQ: AISP) Marks Six Months On The NASDAQ: Russell 2000 Inclusion, Company Projects Triple-Digit Growth For 2024

Benzinga

By James Blacker, Benzinga Redmond, Washington-based artificial intelligence company Airship AI (NASDAQ: AISP) seems to have quickly made its mark in the AI-driven surveillance technology space since its bourse debut six months ago. Specializing in synthesizing vast amounts of data from surveillance cameras and sensors, the company uses AI to provide real-time actionable insights for its customers across a range of sectors, including law enforcement, defense, logistics and retail. In a recent interview with Benzinga, Airship AI President Paul Allen shared the latest updates from the company. Public Offering And Q2 Results Airship AI was founded in 2006 but only debuted on the NASDAQ in December 2023 through a special purpose acquisition company (SPAC). As Allen explained, the company’s decision to go public via a SPAC rather than an IPO was driven by a need for financial transparency, particularly in securing large government contracts. Having the backing of Wall Street gives Airship AI a competitive edge against large established defense contractors, as it reassures potential clients that the company has the financial stability to deliver on large-scale projects. The decision to go public appears to be paying off, with Airship AI’s latest financial report showing its growth over the second quarter. The company reported net revenues of $6.4 million, a gross profit of $4.5 million, a gross margin of 70% and a positive operating income. Allen noted that it has made significant progress toward its target of achieving triple-digit year-over-year revenue growth and being cash flow positive. Russell 2000 Inclusion: A Key Milestone Airship AI announced in July that it has been added to the Russell 2000 index, a benchmark for small-cap companies in the U.S. This achievement is a testament to its growth potential and a signal of confidence in the company’s future, with Allen pointing to its project pipeline and current opportunities as reasons for this confidence. While its shareholder base comprises mostly retail investors at present, the company’s inclusion in the Russell 2000 is expected to widen its exposure to institutional investors, which could open avenues for more significant investment. Harnessing AI For Real-World Impact The transformative potential of AI has been one of the main stories of the market recently, and Airship AI is using this technology to address some of the biggest challenges in safety and security. Applying advanced AI techniques to video data management, the company focuses on computer vision, object edge detection and real-time data analysis to enable its clients to make fast decisions in high-stakes situations. For example, Airship AI’s technology can be used to track a suspect’s movements, track packages on conveyor belts, or monitor public areas for unusual activity. Airship AI’s platform could even predict potential problems before they occur, offering its clients an invaluable level of foresight. Recent Contracts Airship AI has already attracted several high-profile clients, including awards from commercial and government entities. Most recently, the company announced on 25 June that it has been awarded a contract extension within the Department of Justice, which uses Airship AI’s Acropolis Enterprise Sensor Management video and data management platform to investigate and counter threats to national security. Also in June, the company announced a six-figure contract with a separate DOJ agency for its Acropolis platform. In the same month, Airship AI announced another six-figure contract with a Fortune 100 company in the transportation and e-commerce sector. The company will use the Acropolis platform to support operational and physical security requirements. Looking Ahead Allen highlighted Airship AI’s recent participation in the NASDAQ closing bell ceremony in May as a symbolic moment for the company, serving as a celebration of its first few months as a public company, and of the hard work and dedication it took to bring the company to this point. The company sees a big demand for its technology, with a market that is projected to grow to over $40 billion by 2030. With its recent financial performance exhibiting growth and its robust pipeline of projects, Airship AI seems well-positioned to capitalize on the growing demand for AI-driven surveillance and data management solutions. To find out more about Airship AI, visit its website. Read More Airship AI Makes Its Debut On The Nasdaq After Completing Merger With BYTE Acquisition Corp. Airship AI Awarded Contract With DOJ Agency, Marking Second Big Government Contract Win Since December IPO Featured photo by PhotoMIX Company on Pexels. 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

August 21, 2024 08:15 AM Eastern Daylight Time

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Svenska lagar och regler - en inblick & rapport

AM Europe

Sveriges spellagstiftning genomgick en betydande förändring 2019 med införandet av en ny spellag. Syftet med reformen var att öka konsumentskyddet och kontrollera den svenska spelmarknaden. En direkt konsekvens av detta blev en striktare reglering av utländska casinon som riktar sig till svenska spelare. Utländska Casinon och Svensk Lag Innan 2019 var det relativt fritt fram för utländska casinon att verka på den svenska marknaden. Men med den nya spellagen är det endast casinon med svensk licens som får rikta sig till svenska spelare. Detta innebär att utländska casinon utan svensk licens inte längre får marknadsföra sig till svenska spelare eller erbjuda sina tjänster till dem. Vad betyder detta för svenska spelare? Begränsat utbud: Spelare har ett mindre utbud av casinon att välja mellan. Ökad säkerhet: Spelare som väljer ett svenskt licensierat casino kan känna sig säkrare då dessa casinon följer strikta regler och krav. Skatter: Vinster från spel på svenska casinon beskattas inte, medan vinster från spel på utländska casinon kan vara skattepliktiga. Spelinspektionen – Tillsynsmyndigheten Spelinspektionen är den svenska myndighet som ansvarar för att övervaka och kontrollera spelmarknaden. De har till uppgift att se till att spelbolag följer gällande lagar och regler, samt att skydda spelare från oärliga aktörer. Spelinspektionen har verktyg för att blockera olagliga casinon och kan även utdela sanktioner till bolag som bryter mot reglerna. Läs mer här: Utländska Casino NewsDirect Konsumentskydd och Ansvarigt Spelande Den nya spellagen har också infört skärpta krav på ansvarsfullt spelande. Casinon måste erbjuda verktyg för spelare att sätta gränser för sina spelande, och det finns även stödlinjer för spelberoende. Det är viktigt att komma ihåg att spel alltid innebär en risk. Det är därför viktigt att spela ansvarsfullt och sätta upp gränser för sig själv. Sammanfattning Sveriges spellagstiftning har blivit betydligt striktare för att skydda spelare och kontrollera spelmarknaden. Även om det innebär begränsningar för spelare, så ökar det också säkerheten och skapar en rättvisare spelmiljö. Det är viktigt att alltid välja ett svenskt licensierat casino för att vara säker på att spela på laglig grund och kunna ta del av konsumentskyddet. Viktigt att notera: Denna artikel är en allmän översikt och ersätter inte juridisk rådgivning. För mer detaljerad information rekommenderas att kontakta Spelinspektionen eller en jurist. Nyckelord: svensk spellagstiftning, utländska casinon, Spelinspektionen, ansvarsfullt spelande, konsumentskydd. Resurser Spelpaus.se spelinspektionen.se Stödlinjen.se Contact Details Spiru Borg +356 2735 7227 Spiru.borg@casinolistingmedia.com

August 20, 2024 11:00 PM Eastern Daylight Time

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