AMEC Announces New Chair

AMEC Chair Official Handover 2024 LONDON, June 05, 2024 (GLOBE NEWSWIRE) — The International Association for the Measurement and Evaluation of Communication (AMEC) has announced the new incoming Chair of the association. AMEC, the world’s largest media intelligence and insights professional body announced Raina Lazarova, Co-Founder of global media intelligence organisation Ruepoint, will take over […]

AMEC Chair Official Handover 2024

AMEC Chair Official Handover 2024 during the Global Summit on Measurement

LONDON, June 05, 2024 (GLOBE NEWSWIRE) — The International Association for the Measurement and Evaluation of Communication (AMEC) has announced the new incoming Chair of the association.

AMEC, the world’s largest media intelligence and insights professional body announced Raina Lazarova, Co-Founder of global media intelligence organisation Ruepoint, will take over the position for a two-year term commencing June 2024. As Chair, Raina Lazarova will lead the AMEC Board of Directors to continue to deliver on its mission to define, promote and advance best practice in communication measurement and evaluation, research, analysis, evaluation, data and insights in a fast-changing communication landscape.

The official handover took place at the 2024 AMEC Global Summit on Measurement, in Sofia 21-23 May which welcomed over 200 in-person attendees including communicators, public relations professionals, academics and those involved in the research and analytics industry.

Outgoing Chair Aseem Sood, CEO, Impact Research and Measurement Pvt said, After a successful two-year tenure as the AMEC Chair, I am pleased to hand over the reins of leadership to Ms. Raina Lazarova. Her vision and innovative ideas make her the ideal person to guide AMEC into its next chapter of growth and success. I am confident that under her leadership, AMEC will continue to thrive and achieve even greater accomplishments. During the recent board meeting in Sofia, the AMEC Board deliberated and established the key areas of focus and strategic plan for the upcoming two years. I will continue to serve as an engaged member of the AMEC Board of Directors, with a specific focus on spearheading the development of a thought leadership editorial calendar for the board.”

New Chair elect Raina Lazarova said, “It is a great honour to have been elected Chair of AMEC’s board of directors. As a leading industry body, we will continue to promote the benefits of communication measurement and evaluation, while delivering value to our members and the extended communication community. The advent of generative AI has meant that we are in a very interesting time for the communication sector, and AMEC recognises its role in providing both thought leadership and support to the profession in leveraging new technologies.”

AMEC CEO, Johna Burke added, We have International Board Director elections every year which assures members are engaged and represented as we consider the complex and important industry initiatives. It’s only every two years we hold a special election for the Chair role. During this transition, we celebrate Aseem’s leadership and contributions as Chair and welcome Raina who is a champion of the AMEC community. Raina is already working on collaborations allowing AMEC Members to navigate the known and unknown during the next two years as a collective to learn from each other and benefit from the global experience of the broadest ecosystem in the media intelligence industry.”

AMEC represents a global membership community of over 200 organizations including media monitoring and analysis companies, PR and communications agencies, brand owners and market research companies. The association has chapters across four continents – EMEA, Asia Pacific, North America and Latin America.

AMEC strives to support to the global communication industry with free educational resources and best practice guidance on how to plan, measure and evaluate performance to raise standards and promote the value of PR and Communication globally.

It is the founding organisation of the prominently accepted, adopted and applied best practice resources, including the Barcelona Principles (1.0, 2.0 and 3.0) and the globally used Integrated Evaluation Framework (IEF).

For more information about AMEC, please visit https://amecorg.com.

Connect with us

Contact us via AMEC CEO and Global Managing Director, Johna Burke – johna@amecorg.com

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Mediktor Acquires Sensely and Consolidates Its Position as a Leader in AI Healthcare Solutions

BARCELONA, Spain and SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) — Mediktor, the leading digital healthcare company, has announced the acquisition of Sensely, a San Francisco-based digital healthcare provider that pioneered an empathy-driven conversational platform to support hospital systems and insurance services with world-class member engagement. This consolidation of two world-leading artificial intelligence-driven solutions providers marks […]

BARCELONA, Spain and SAN FRANCISCO, June 05, 2024 (GLOBE NEWSWIRE) — Mediktor, the leading digital healthcare company, has announced the acquisition of Sensely, a San Francisco-based digital healthcare provider that pioneered an empathy-driven conversational platform to support hospital systems and insurance services with world-class member engagement. This consolidation of two world-leading artificial intelligence-driven solutions providers marks a major medical technology milestone, extending Mediktor’s global presence to more than 35 countries and expanding its footprint in the United States.

Adam Odessky and Cristian Pascual

The merger creates one of the largest global providers of AI-based solutions in the healthcare ecosystem. The new organisation will be driven by an enriched conversational healthcare platform to help increase efficiency and reduce costs through its complementary technologies, including the company’s AI medical assistant. According to a recent survey of insurance customers, 54% of patients who used it were satisfied with the medical advice it provided and did not need additional services or follow-up from a physician.

“This acquisition is a transformative step for Mediktor, reinforcing our commitment to digital health innovation. By joining forces with Sensely, we will be able to offer a leading, best-in-class AI solution to multiple companies, ultimately improving access to healthcare for millions of people,” said Cristian Pascual, Chief Executive Officer of Mediktor.

As a result of the integration, Mediktor will acquire Mayo Clinic’s educational healthcare content developed under a pre-existing agreement with Sensely. Mayo Clinic will also become a shareholder in the combined company and will have an observer seat on the board of directors.

MTIP, a leading Swiss-based growth equity firm and long-time partner of Mediktor, has reaffirmed its confidence in the company’s vision and direction. As a member of Mediktor’s Board of Directors, MTIP has communicated its unwavering financial and strategic support for the company’s acquisition of Sensely and its overall growth strategy.

At the same time, Aliath Bioventures, a venture capital firm that has been supporting Mediktor since 2018, also played a significant role in facilitating this acquisition. Aliath remains deeply committed to supporting Mediktor’s strategic growth, strengthening its market leadership, and long-term success.

“Mediktor and Sensely represent the perfect synergy between AI-based symptom assessment and empathy-driven, patient-centric virtual assistance,” said Adam Odessky, co-founder and CEO of Sensely. “The combination of these two organisations provides customers with a strong, comprehensive suite of technology services that are proven to increase efficiency and reduce overhead costs for institutions, while delivering unparalleled personalised engagement services to patients and plan members. We’re excited to share Mediktor’s vision of becoming a leading player in an evolving and competitive digital healthcare environment.

Mediktor plans to integrate Sensely’s current staff and management team into the new organisation, with Mr. Odessky taking on the role of Chief Product Officer, bringing his extensive experience and leadership to the team.

About Mediktor

Mediktor is the most advanced AI-based medical chatbot for triage and pre-diagnosis, guiding patients to the right level of care at the right time – improving access while enabling more efficient care navigation. Powered by a sophisticated AI engine that allows users to converse naturally in multiple languages, Mediktor’s white-labelled SaaS is omnichannel and can be easily embedded into any interface (web, mobile, desktop). Mediktor’s customers include health plans, hospitals and health systems, telemedicine and pharmaceutical companies. For further information please visit www.mediktor.com.

About Sensely

Sensely is a leading innovator of avatar- and chatbot-based platforms designed to assist insurance plan members and patients with insurance services and healthcare resources whenever they need them. With offices in San Francisco and London, Sensely’s global teams provide virtual assistant solutions to a range of diverse healthcare sectors, including insurance companies, hospital systems and pharmaceutical clients worldwide. For more information, please visit www.sensely.com.

About MTIP
MTIP is a Swiss-based growth equity firm investing in European healthtech companies that aim to revolutionise global healthcare. The team leverages deep sector expertise to help scale up successful and sustainable healthtech businesses. For more information, visit www.mtip.ch.

About Aliath Bioventures
Aliath Bioventures, formerly known as Alta Life Sciences, is a life sciences venture capital firm part of the AltamarCAM group. Aliath aims to provide solutions to the most pressing healthcare challenges by targeting therapeutics and HealthTech companies built on innovative and disruptive trends. For more information visit https://www.aliathbio.com/.

Media Relations Contact
David Patti
Telephone: +1 908.421.5971
Email: dspcommsconsulting@gmail.com
www.mediktor.com

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eXp Realty Enhances International Connections with Global Agent Referral Platform

Platform offers agents improved networking and business connections on a worldwide scale eXp Realty Enhances International Connections with Global Agent Referral Platform BELLINGHAM, Wash., June 05, 2024 (GLOBE NEWSWIRE) — eXp Realty®, the largest real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is proud to announce […]

Platform offers agents improved networking and business connections on a worldwide scale

eXp Realty Enhances International Connections with Global Agent Referral Platform

Platform offers agents improved networking and business connections on a worldwide scale

BELLINGHAM, Wash., June 05, 2024 (GLOBE NEWSWIRE) — eXp Realty®, the largest real estate brokerage on the planet and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), is proud to announce the launch of its Global Agent Referral Platform, designed to simplify and accelerate the real estate referral process. This innovative tool empowers its agents worldwide to effortlessly connect and collaborate, contributing to a robust and interconnected global marketplace

With a user-friendly platform and seamless search functionality, eXp’s Global Agent Referral Platform streamlines the entire process, reducing referral times to a matter of seconds. eXp Realty agents can complete a simple form, select a preferred referral partner from anywhere in the world, and electronically sign the agreement — all within one centralized location.

“At eXp, we understand that potential buyers are just as easily found in a seller’s hometown as they are in another country,” said Leo Pareja, CEO, eXp Realty. “With the launch of the Global Agent Referral Network, we are leveraging the depth and power of our worldwide network of more than 85,000 agents across 24 countries and revolutionizing how agents connect and collaborate, paving the way for smoother transactions and enhanced client experiences. We remain focused on building industry-leading resources by providing agents unparalleled access to advanced tools for expanding their businesses globally.”

The introduction of the Global Agent Referral Platform underscores eXp Realty’s commitment to fostering global innovation and growth. This cutting-edge tool not only enhances the efficiency of referral processes but also opens new avenues for agents to expand their reach and tap into international markets. By fostering a more interconnected global network, eXp Realty is setting a new standard in the real estate industry, ensuring that its agents are well-equipped to meet the diverse needs of clients around the world.

In addition to its technological advancements, eXp Realty continues to prioritize agent education and support. The company regularly offers training sessions and resources to help agents maximize the potential of the Global Agent Referral Platform. This holistic approach ensures that eXp agents are not only connected but also proficient in using the latest tools to deliver exceptional service to their clients.

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, FrameVR.io and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 85,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by FrameVR.io, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com.

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. These statements include, but are not limited to, expectations related to referral and incentive programs. Such forward-looking statements speak only as of the date hereof, and the Company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include the Company’s ability to implement its strategic initiatives and other risks detailed from time to time in the Company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia
investors@expworldholdings.com

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Surge in Foreign Interest in Chinese Investments: EBC Financial Group (UK) Ltd CEO David Barrett Shares Insights with Yi Cai

David Barrett, CEO of EBC Financial Group (UK) Ltd, as one of the speakers on Yi Cai’s Chief Strategy Forum on Chinese investment opportunities David Barrett, CEO of EBC Financial Group (UK) Ltd, shares insights with Yi Cai on the surge in foreign interest in Chinese investments. He explores the factors driving major investors to […]

David Barrett, CEO of EBC Financial Group (UK) Ltd, as one of the speakers on Yi Cai’s Chief Strategy Forum on Chinese investment opportunities
David Barrett, CEO of EBC Financial Group (UK) Ltd, shares insights with Yi Cai on the surge in foreign interest in Chinese investments. He explores the factors driving major investors to Chinese markets and offers his outlook on their future growth.

LONDON, June 05, 2024 (GLOBE NEWSWIRE) — David Barrett, CEO of EBC Financial Group (UK) Ltd, recently shared his insights on the burgeoning interest in Chinese investments during an in-depth interview with Yi Cai. Barrett explored the factors driving major investors toward Chinese markets and offered his outlook on the future of these investments.

David Barrett, CEO of EBC Financial Group (UK) Ltd, as one of the speakers on Yi Cai's Chief Strategy Forum on Chinese investment opportunities

Surge in Foreign Interest

In recent months, there has been a notable increase in foreign interest in Chinese stocks, driven by high-profile investors. Michael Burry, well-known for his predictions during ‘The Big Short,’ has significantly raised his investments in JD.com and Alibaba. Similarly, David Tepper’s hedge fund has heavily invested in technology and Chinese markets. This growing interest is reflected in the performance of the Nasdaq Golden Dragon China Index, which surged by 14.86% from April 22 to May 3, achieving its largest two-week gain since January 2023. On May 16, the Index closed up by 2.49%, marking its highest level since September 2023.

Barrett attributes this renewed interest to the relative value Chinese markets offer. “Chinese indexes have struggled since the property-led bust in 2021, causing a significant dip in foreign direct investment and domestic confidence. However, this has led to extreme pricing discrepancies, making Chinese stocks an attractive option for value-focused investors,” Barrett explained. “Investors like Burry and Tepper are known for their strategic focus on high-concentration portfolios, and their significant investments in Chinese companies signal strong confidence in the potential upside of these markets.”

Future Prospects of Chinese Investments

Looking ahead, Barrett remains optimistic about the continued growth of Chinese markets. “There are several indicators suggesting that the Chinese government is taking effective measures to stimulate economic growth and restore market confidence,” Barrett noted. “Efforts to support vulnerable areas of the economy, encourage domestic investments, and stabilize the financial landscape are beginning to show positive results.”

He emphasized the crucial role of domestic policy in sustaining this growth. “Policies aimed at reducing property-related risks, supporting the semiconductor industry, and encouraging state-owned enterprises to strengthen their financial positions are essential. Additionally, initiatives to increase dividend payouts among Chinese companies are likely to attract more foreign investors seeking yield in a higher interest rate environment.”

Promising Sectors and Global Asset Allocation

Barrett highlighted the technology sector as a key area for investment within the A-share and Hong Kong stock markets. “Chinese tech companies are at the forefront of innovation, and with substantial government backing, they are well-positioned to navigate global challenges,” Barrett asserted. “For instance, if China faces headwinds in purchasing semiconductors, they have the capability to develop their own. Given the impressive profit margins seen in companies like NVIDIA, there is a strong incentive for Chinese firms to produce competitive, lower-cost chips. With significant government support and investment, the resilience and growth potential in this sector are considerable.”

He also identified the electric vehicle (EV) industry as a promising sector. “EVs as a topic has been grabbing a lot of column inches of late,” Barrett observed. “However, it’s uncertain how well Western brands will perform in mainland China, and vice versa, how Chinese brands will fare in the global market. Despite these challenges, Chinese tech remains on the cutting edge, and any progress, especially amid geopolitical tensions, will likely bolster domestic investment. This increased focus on local innovation and development will enhance the industry’s growth prospects.”

From a global perspective, Barrett advises a diversified asset allocation strategy, cautioning against overreliance on US stocks. “While US markets have experienced substantial growth, it is crucial to consider opportunities elsewhere, such as in China, where valuations are compelling,” he explained. “Given the recent run-up in US stocks, there is a need to be cautious and diversify. Commodities like gold remain attractive as a store of value and a hedge against economic and geopolitical uncertainties. As central banks continue to manage liquidity and interest rates, maintaining a balanced portfolio that includes undervalued international assets and tangible commodities could provide stability and growth potential.”

About EBC Financial Group
Founded in the esteemed financial district of London, EBC Financial Group (EBC) is renowned for its comprehensive suite of services that includes financial brokerage, asset management, and comprehensive investment solutions. With offices strategically located in prominent financial centres, such as London, Sydney, Hong Kong, Tokyo, Singapore, the Cayman Islands, Bangkok, Limassol, and more, EBC caters to a diverse clientele of retail, professional, and institutional investors worldwide.

Recognised by multiple awards, EBC prides itself on adhering to the highest levels of ethical standards and international regulation. EBC Financial Group (UK) Limited is regulated by the UK’s Financial Conduct Authority (FCA), EBC Financial Group (Australia) Pty Ltd is regulated by Australia’s Securities and Investments Commission (ASIC), and EBC Financial Group (Cayman) Limited is regulated by the Cayman Islands Monetary Authority (CIMA).

At the core of EBC Group are seasoned professionals with over 30 years of profound experience in major financial institutions, having adeptly navigated through significant economic cycles from the Plaza Accord to the 2015 Swiss franc crisis. EBC champions a culture where integrity, respect, and client asset security are paramount, ensuring that every investor engagement is treated with the utmost seriousness it deserves.

EBC is the Official Foreign Exchange Partner of FC Barcelona, offering specialised services in regions such as Asia, LATAM, the Middle East, Africa, and Oceania. EBC is also a partner of United to Beat Malaria, a campaign of the United Nations Foundation, aiming to improve global health outcomes. Starting February 2024, EBC supports the ‘What Economists Really Do’ public engagement series by Oxford University’s Department of Economics, demystifying economics, and its application to major societal challenges to enhance public understanding and dialogue.

https://www.ebc.com/

Media Contact:
Douglas Chew
Global Public Relations Manager
douglas.chew@ebc.com

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Award-Winning Decision Intelligence Firm Quantexa Accelerates Global Momentum, Announces Strong FY24 Business Results

Quantexa set to achieve $100M in ARR by end of 2024, fueled by the growing Decision Intelligence Market worth *$500BN New enterprise customers accounted for a 20% (+) contribution to fiscal year ARR Closely coupled enterprise Data and AI strategies see Quantexa’s average contract increase 15% in blended ACV in FY24  LONDON and NEW YORK, […]

  • Quantexa set to achieve $100M in ARR by end of 2024, fueled by the growing Decision Intelligence Market worth *$500BN
  • New enterprise customers accounted for a 20% (+) contribution to fiscal year ARR
  • Closely coupled enterprise Data and AI strategies see Quantexa’s average contract increase 15% in blended ACV in FY24 

LONDON and NEW YORK, June 05, 2024 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the private and public sectors, announced its continued global business momentum and growth highlights from their 2024 fiscal year, dating from April 1st, 2023, to March 31st, 2024. With a focus on helping customers realize the benefits of practical applications of trusted data and AI, the company delivered on its goals of driving sustainable growth through increased platform and solution adoption, geographic, and industry expansion.

Founded in London in 2016, Quantexa now employs more than 700 team members globally across 15 locations. The company completed FY24 with a 40% increase in global Decision Intelligence ARR and a 120% (+) net retention rate.

2024 Fiscal Year Financial Highlights:

  • New tier 1 customers acquired across banking, insurance, telecommunications, media, technology, and the public sector, helping to accelerate Quantexa’s market expansion strategy and drive 20% (+) contribution to fiscal year ARR.
  • Over 25% of the world’s 50 largest banks have deployed Quantexa’s Decision Intelligence Platform to build a trusted data foundation and realize the benefits of operationalizing AI.
  • Decision Intelligence ARR grew more than 30% in the Americas, and >50% in Europe and the Middle East.
  • Led by a 30% increase in ARR across its Data Management and FinCrime Solution suites, the company continued driving significant YoY revenue growth with an uptick in adoption of its solution suites, helping industry leaders address specific pain points and take advantage of new revenue opportunities.
  • Successful completion of the Aylien acquisition and subsequent integration into Quantexa’s technology portfolio contributed to 16% growth in annual revenue for Quantexa’s News Intelligence offering.

2024 Notable Fiscal Year Milestones:

  • In April 2023, Quantexa announced that it had completed a $129M Series E funding round. The latest investment round secured the British tech company’s unicorn status with a valuation of $1.8BN and accelerated the execution of its growth strategy within the **$500BN DI category.
  • In July 2023, Quantexa announced that it would invest heavily in the global artificial intelligence (AI) industry over the next three years to help clients advance the use of AI to protect, optimize, and grow their organizations.
  • In November 2023, keeping Quantexa close to its customer base, the company announced the opening of its new Asia Pacific Headquarters in Singapore. The opening is part of a broader regional expansion plan and follows the July 2023 launch of Quantexa’s Japan operations in Tokyo and long-standing presence in Melbourne, Sydney, and Malaysia.
  • In January 2024, the company detailed the ROI customers receive from deploying its technology across enterprises and public sector agencies, when it published The Total Economic Impact™ of The Quantexa Decision Intelligence Platform study in conjunction with Forrester Consulting.
  • Quantexa detailed its innovation platform roadmap in support of its ambitious plan to lead the emerging Decision Intelligence category, anchored in helping enterprises and government agencies use contextual analytics and AI to improve organizational decision making.
  • In March 2024, it was announced that Quantexa’s Decision Intelligence Platform will be adopted by the University of Liverpool’s Civic Health Innovation Labs (CHIL) and Mersey Care NHS Foundation Trust, one of the largest trusts providing physical health and mental health services in Northwest England, serving more than 1.4M people.
  • A strategic partnership with Microsoft made Quantexa’s Decision Intelligence Platform immediately available on Microsoft Azure Marketplace for financial services organizations and government agencies, the companies also announced exclusive plans to bring the platform to mid-sized banks in the United States. Quantexa is also building a Microsoft Fabric Workload experience.
  • Quantexa completed the fiscal year surpassing 750 global employees, 16k active Decision Intelligence Platform users, and a Net Retention Rate (NRR) of 120% (+).

Vishal Marria, Founder and CEO of Quantexa, said: “The acceleration of our efforts to become the world leading provider of decision intelligence technology, and delivering strong, sustainable global growth can be attributed to two things. Our ability to help customers get their data ready for AI, as well as our execution of a series of strategic investments and partnerships. This achievement underscores Quantexa’s unwavering commitment to empower our customers to solve some of their toughest challenges across multiple industries in every corner of the globe.”

To learn more about how industry leaders are obtaining a 228% return on investment over 3 years with Quantexa’s Decision Intelligence Platform, download the Total Economic Impact (TEI) Study by Forrester.

*Proprietary market data obtained by Quantexa from a commissioned Gartner study.
**Includes AML, Fraud, and KYC solution suite growth.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI.  Founded in 2016, Quantexa now has more than 700 employees and thousands of platform users working with billions of transactions and data points across the world.

Media Inquiries
C: Stephanie Crisp, Fight or Flight
E: Quantexa@fightorflight

OR

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com 

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SEALSQ, WISeKey and The Hashgraph Association Join Forces to Bring Secure IoT and DePIN solutions to Saudi Arabia

Geneva, Switzerland / Riyadh, Saudi Arabia – June 5, 2024 – SEALSQ Corp (“SEALSQ” or “Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, and its parent company, WISeKey, SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things […]

Geneva, Switzerland / Riyadh, Saudi Arabia – June 5, 2024 – SEALSQ Corp (“SEALSQ” or “Company”) (NASDAQ: LAES), a company that focuses on developing and selling Semiconductors, PKI and Post-Quantum technology hardware and software products, and its parent company, WISeKey, SIX: WIHN; Nasdaq: WKEY), a global leader in cybersecurity, digital identity, and Internet of Things (IoT) solutions, announced their partnership with The Hashgraph Association, a Swiss-based association and leader in digital innovation and DLT solutions through the Hedera network, to spearhead the implementation of Internet of Things and DePin (Decentralized Physical Infrastructure network) solutions in the Kingdom of Saudi Arabia in line with Saudi Arabia’s Vision 2030. Vision 2030 aims to establish a sophisticated digital infrastructure for the kingdom and enhance economic competitiveness.

The Hashgraph Association, who recently announced the launching of a $250 million Deep Tech Studio with the Saudi Ministry of Investment, aimed at developing technological solutions, including blockchain and artificial intelligence, for local businesses in Saudi Arabia, will work closely with WISeKey and its partners in Saudi Arabia (E.A. Juffali & Brothers Group) to offer a robust decentralized ledger technology that will enhance the security and efficiencies of IoT, Blockchain, and DePIN applications and solutions across Saudi Arabia and MENA region.

WISeKey, has been present in KSA since 2020 through its joint venture WISeKey Arabia, with Saudi Advanced Technologies Company Ltd (SAT), a wholly-owned subsidiary of Juffali Group.

Kamal Youssefi, President of The Hashgraph Association, added, “As part of our mission to accelerate the adoption of emerging technologies which include DLT technology such as Hedera globally and in the MENA region, we are pleased to support the growth of DePIN solutions which offer a secure, transparent, cutting-edge digital infrastructure needed for future of digital economies in the region.”

Carlos Moreira, CEO and Chairman of SEALSQ stated, “We are pleased to be working with two major industry leaders in Saudi Arabia to develop secure IoT, and DePIN solutions for retail, financial, smart cities, healthcare, industrial, transportation and other sectors. We are now able to offer a full 360-degree solution that includes cybersecurity, Blockchain, IoT infrastructure needed for Saudi Vision 2030 digitization aims as well as those of the MENA region in general.”

The Kingdom’s IoT and M2M Communication market, currently encompassing 65% of the cybersecurity and IoT market of the Gulf region, was estimated to reach $16 billion in 2019, up from approximately $4.9 billion in 2014, and is expected to continue its rapid growth over the next decade, supported by Saudi Arabia’s Vision 2030 economic reform plan.

DePIN, or Decentralized Physical Infrastructure Networks, refers to the integration of decentralized technologies, such as blockchain and IoT, to create a more secure, transparent, and efficient infrastructure network. By leveraging Hedera’s decentralized ledger technology, the cooperation will enhance the security and reliability of physical infrastructure networks, making them more resilient to cyber threats and more efficient in their operations.

SEALSQ, a subsidiary of WISeKey, and a leader in semiconductors, PKI, and Post-Quantum technology had previously announced a significant initiative to establish an Open Semiconductors Assembly and Test (OSAT) Center in Saudi Arabia.  OSAT is designed to offer a comprehensive array of testing services, including wafer and final tests, as well as assembly services for various semiconductor packages such as QFN, BGA, WLCSP, and others. This initiative is a key component of a larger strategy aimed at developing Semiconductor Personalization Centers through Public-Private Partnerships (PPP).

SEALSQ is currently in active discussions to launch three major projects across Europe, the Middle East, and the Far East. These OSAT centers will employ RISC-V technology for chip design, focusing on local manufacturing to meet the highest standards of security and certification from authoritative bodies like Common Criteria and NIST.

About SEALSQ
SEALSQ focuses on selling integrated solutions based on Semiconductors, PKI and Provisioning services, while developing Post-Quantum technology hardware and software products. Our solutions can be used in a variety of applications, from Multi-Factor Authentication tokens, Smart Energy, Smart Home Appliances, and IT Network Infrastructure, to Automotive, Industrial Automation and Control Systems.

Post-Quantum Cryptography (PQC) refers to cryptographic methods that are secure against an attack by a quantum computer. As quantum computers become more powerful, they may be able to break many of the cryptographic methods that are currently used to protect sensitive information, such as RSA and Elliptic Curve Cryptography (ECC). PQC aims to develop new cryptographic methods that are secure against quantum attacks.
For more information, please visit www.sealsq.com

About WISeKey
WISeKey International Holding Ltd (“WISeKey”, SIX: WIHN; Nasdaq: WKEY) is a global leader in cybersecurity, digital identity, and IoT solutions platform. It operates as a Swiss-based holding company through several operational subsidiaries, each dedicated to specific aspects of its technology portfolio. The subsidiaries include (i) SEALSQ Corp (Nasdaq: LAES), which focuses on semiconductors, PKI, and post-quantum technology products, (ii) WISeKey SA which specializes in RoT and PKI solutions for secure authentication and identification in IoT, Blockchain, and AI, (iii) WISeSat AG which focuses on space technology for secure satellite communication, specifically for IoT applications, and (iv) WISe.ART Corp which focuses on trusted blockchain NFTs and operates the WISe.ART marketplace for secure NFT transactions.

Each subsidiary contributes to WISeKey’s mission of securing the internet while focusing on their respective areas of research and expertise. Their technologies seamlessly integrate into the comprehensive WISeKey platform. WISeKey secures digital identity ecosystems for individuals and objects using Blockchain, AI, and IoT technologies. With over 1.6 billion microchips deployed across various IoT sectors, WISeKey plays a vital role in securing the Internet of Everything. The company’s semiconductors generate valuable Big Data that, when analyzed with AI, enable predictive equipment failure prevention. Trusted by the OISTE/WISeKey cryptographic Root of Trust, WISeKey provides secure authentication and identification for IoT, Blockchain, and AI applications. The WISeKey Root of Trust ensures the integrity of online transactions between objects and people. For more information on WISeKey’s strategic direction and its subsidiary companies, please visit www.wisekey.com.

Forward-Looking Statements
This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include the success and timeline of SEALCOIN’s launch; the timeline for and the successful release of the Machine-to-Machine (M2M) Proof of Concept (PoC); SEAL’s token Issuance and Exchange Listing before the end of 2024; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

About The Hashgraph Association
The Hashgraph Association is at the forefront of the digital enablement and empowerment of organizations through the broad adoption of Hedera-powered enterprise-grade solutions and decentralized applications, including funding training, innovation, and venture building programs globally. As a non-profit organization headquartered in Switzerland, The Hashgraph Association supports and funds innovation, research, and development that enables economic inclusion and a digital future for all, with a positive environmental, social, and governance (ESG) impact. For further information about The Hashgraph Association, visit www.hashgraph-association.com.

Press and Investor Contacts

SEALSQ Corp
Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@sealsq.com
SEALSQ Investor Relations (US)
The Equity Group Inc.
Lena Cati
Tel: +1 212 836-9611 / lcati@equityny.com
Katie Murphy
Tel: +212 836-9612 / kmurphy@equityny.com

GlobeNewswire Distribution ID 1000964653

Eanan Al Samma and Jetoptera commence flight test campaign in the U.A.E.

Eanan Al Samma and Jetoptera conduct test flights of subscale J-500 transitioning from vertical to wingborne flight DUBAI, United Arab Emirates and EDMONDS, Wash., June 04, 2024 (GLOBE NEWSWIRE) — We are excited to share the news that Jetoptera and Eanan Al Samma have kicked off the flight test campaign of a subscale, box-wing VTOL […]

Eanan Al Samma and Jetoptera conduct test flights of subscale J-500 transitioning from vertical to wingborne flight
Eanan Al Samma and Jetoptera conduct test flights of subscale J-500 transitioning from vertical to wingborne flight

Eanan Al Samma and Jetoptera conduct test flights of subscale J-500 transitioning from vertical to wingborne flight

DUBAI, United Arab Emirates and EDMONDS, Wash., June 04, 2024 (GLOBE NEWSWIRE) — We are excited to share the news that Jetoptera and Eanan Al Samma have kicked off the flight test campaign of a subscale, box-wing VTOL aircraft which is a flight test bed for the J-500 autopilot development.

The subscale eVTOL version of the J-500 VTOL cargo UAV being co-developed by the two companies is one of the tools for perfecting the automated transitions to and from forward flight. The goal of the campaign is to further integrate the J-series flight controls to develop the autopilot and navigation system for the larger J-500 UAV. The J-500 will address the U.A.E. market. It will be powered by the unique, patented Fluidic Propulsive System™ developed by Jetoptera and will have a maximum speed of 200 knots and payloads of up to 50 kg.

The subscale eVTOL model is battery powered and is operated in automated mode, including VTOL, hover, and transitions to and from forward flight. The tests conducted so far show excellent automated conversions from hover to forward flight and vice versa, as well as hover maneuverability of the aircraft, without pilot intervention. In automated mode, the mission is uploaded to the onboard control system and the entire mission is executed without any interaction from the pilot.

Subscale J-500 soaring above the sand and sea in UAE

Subscale J-500 soaring above the sand and sea in UAE

The subscale model uses electric ducted fans for propulsion. Over the next few months, the vehicle will be upgraded and tested with the J-500 avionics developed by EANAN utilizing the Embention Veronte autopilot as adapted to the unique controls of the J-series aircraft developed by Jetoptera.

The two companies remain on track to complete the construction of the first prototype of the J-500 by the end of 2024. Data collected from the subscale aircraft informs the requirements for the J-500.

The flight test campaign of the subscale model has commenced at the Xrange test field near Abu Dhabi and will continue over the next few months. Multiple automated missions conducted to date include vertical take-off, hover, transitions, horizontal flight, vertical landing and endurance tests. Just like the J-500, the subscale model is also capable of conventional take-off and landing.

“Our collaboration with Eanan Al Samma on the co-development of the J-500 has reached the important milestone of automated VTOL flights in the U.A.E. The first flights of our J-series architecture in the U.A.E. today also kicked off the development of the controls and avionics for the larger J-500. Using the subscale aircraft at the location, we are collecting important flight data that are instrumental for the development and validation of the avionics planned for the FPS-powered vehicle. The partnership with Eanan Al Samma allows Jetoptera to accelerate our roadmap for the introduction of the larger J-series air taxis, on location, under the unique local conditions, where the primary market target is,” said Dr. Andrei Evulet, CEO of Jetoptera.

“Our partnership with Jetoptera marks a significant milestone in our journey to revolutionize the UAS industry. By integrating Jetoptera’s FPS technology, we are enhancing the capabilities and operational efficiency of our aircraft, offering our clients unparalleled performance and reliability. This collaboration fits perfectly into Eanan’s strategy of continuously seeking innovative and game-changing technologies to maintain our leadership in the market,” said Eanan Al Samma’s CEO, Ulrich Weckx.

Subscale J-500 soaring above the sand and sea in UAE

About Eanan Al Samma

Eanan Al Samma is a leading provider of advanced Unmanned Aerial Systems, based in Dubai, UAE and committed to delivering innovative and reliable UAS solutions. With a focus on cutting-edge technology and operational excellence, Eanan Al Samma is at the forefront of the UAS industry, pushing the boundaries of what is possible in aerial operations.

For more information, visit www.eanan.ae
Youtube channel: https://www.youtube.com/@Eanandxb
Linkedin: https://www.linkedin.com/company/eananofficial/?viewAsMember=true

About Jetoptera

Jetoptera’s vision is to create a world where aerial mobility is commonplace for both cargo and people. We have developed a unique propulsion system integrated with a novel airframe. This allows us to create lighter, more efficient, and less complex aircraft. Our technology enables vertical and short takeoff and landing (V/STOL), high speeds, sizable payloads and range, and maneuverability.

Connect with Jetoptera:
LinkedIn at https://www.linkedin.com/company/18447683/
Facebook at https://www.facebook.com/Jetoptera/
YouTube at https://youtu.be/QEILXoyZl7I

Media Contact: todd@jetoptera.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/62994a06-f08f-4be3-8aa0-4379407b2919

https://www.globenewswire.com/NewsRoom/AttachmentNg/22412485-bba2-4ce2-8f16-6c3738b584c6

GlobeNewswire Distribution ID 9149000

IdentiFlight Debuts V5 Technology: Elevating Wind Farm Wildlife Protection

IdentiFlight V5 LOUISVILLE, Colo., June 04, 2024 (GLOBE NEWSWIRE) — IdentiFlight, a leader in avian anti-collision systems for wind farms, is proud to announce the launch of its V5 technology. IdentiFlight V5 represents a significant advancement in both performance and reliability. Building upon IdentiFlight’s proven track record of safeguarding avian species while supporting the expansion […]

IdentiFlight V5

IdentiFlight scans the skies detecting and classifying birds in wind farms. Photo credit: IdentiFlight

LOUISVILLE, Colo., June 04, 2024 (GLOBE NEWSWIRE) — IdentiFlight, a leader in avian anti-collision systems for wind farms, is proud to announce the launch of its V5 technology. IdentiFlight V5 represents a significant advancement in both performance and reliability. Building upon IdentiFlight’s proven track record of safeguarding avian species while supporting the expansion of renewable energy, IdentiFlight V5 sets a new standard for efficiency and effectiveness in avian detection systems.

“We are thrilled to unveil our V5 technology, representing a significant leap forward in species protection at wind farms,” Carlos Jorquera, CEO and CTO of Boulder Imaging – the company responsible for developing IdentiFlight – remarked. “This milestone reflects our unwavering dedication to a sustainable future, where clean energy flourishes alongside thriving ecosystems.”

Key features of IdentiFlight V5 include:

Enhanced Performance: V5 boasts improved detection accuracy and efficiency, ensuring swift and reliable identification and classification of bird species, particularly raptors such as eagles, hawks, and falcons, expanding detection to a 1.3 km range.

IdentiFlight V5

IdentiFlight scans the skies detecting and classifying birds in wind farms. Photo credit: IdentiFlight

Ruggedized Design: With ruggedized control cabinets capable of withstanding harsh environmental conditions, V5 is optimized for deployment in diverse landscapes, now including coastal areas.

Streamlined Serviceability: The new design of V5 facilitates easier maintenance and serviceability, minimizing downtime and optimizing operational efficiency for wind farm operators.

The debut deployment of V5 will take place at the Musselroe Wind Farm in Tasmania, in collaboration with Woolnorth Renewables. “The installation of IdentiFlight V5 at Musselroe underscores our dedication to protecting Tasmania’s iconic wedge-tailed eagle and white-bellied sea eagle,” Jie Yao, Woolnorth Renewables General Manager, stated. “We recognize that cutting-edge solutions, such as IdentiFlight, are integral to mitigating potential risks of wind farms as we advance critical clean energy initiatives across Tasmania and Australia.”

Boulder Imaging President and COO, Don Mills went on to say, “Together with Woolnorth Renewables, we’re proud to pioneer this next chapter in species protection. By deploying IdentiFlight’s V5 technology at the Musselroe Wind Farm, we’re not just innovating; we’re setting new benchmarks for wildlife protection in wind farms. This partnership represents more than just a collaboration; it’s a shared commitment to conservation and progress.”

For more information on how IdentiFlight and their V5 technology offers species protection, while maximizing power generation with proven results, please visit IdentiFlight.com.

About IdentiFlight and How it Works

Developed by Boulder Imaging, Inc., IdentiFlight utilizes cutting-edge machine vision and AI technology to achieve a 99% accuracy rate in identifying avian species within a 1.3 km range in wind farms. Specialized software and neural networks swiftly analyze images, determining 3D position, speed, trajectory, and specific species.

IdentiFlight safeguards birds in operational wind farms by reducing collision risk with turbine blades and reduces energy loss through informed curtailment. Additionally, it supports wind energy projects by quantifying bird activity at potential sites. Deployed globally since 2016 and independently validated over multiple years, the IdentiFlight system now protects for hundreds of wind turbines worldwide. Independent research underscores its effectiveness, showcasing over 85% reduction in eagle fatalities over previous mitigation methods.

Explore further at IdentiFlight’s website.

IDENTIFLIGHT DEBUTS V5 TECHNOLOGY

A Media Snippet accompanying this announcement is available by clicking on this link.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e2544c63-b7ac-4bc7-a172-f522ab070125

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/30bff975-5fd7-436a-850b-26fa8f1e6273

CONTACT INFORMATION
Tawney Eisenbraun
Marketing and Communications Manager
+1.605.863.1232
teisenbraun@boulderimaging.com

GlobeNewswire Distribution ID 9146975