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May 25, 2023 06:00 AM Eastern Daylight Time
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News ReleaseWorld Record Travel by Travelport: 7 Wonders of the World in Less than 7 Days
YourUpdateTV
A video accompanying this announcement is available at: https://www.youtube.com/watch?v=3tfcL-uWQy s Travelport, a global technology company that powers travel bookings for hundreds of thousands of travel suppliers worldwide, and Jamie McDonald, a British adventurer better known as “ Adventureman ”, today announced a new world record – the fastest time to visit the new Seven Wonders of the World, achieved in less than seven days. Confirmed by Guinness World Records, the journey was achieved in 6 days, 16 hours, and 14 minutes, using only public transportation. The challenge was set to Adventureman by Travelport in order to put the company’s modern retail platform, Travelport+, to the test, proving that the company’s technology allows its travel agency partners to simply plan, book and manage even the world’s most complex trip. “When we began upgrading our agency partners to Travelport+ in 2021, it was with the intent of making the complicated travel industry easier and faster to navigate,” said Greg Webb, Chief Executive Officer at Travelport. “This epic adventure was the ultimate test for our platform – could we take the world’s most complex trip and make it simple? Could we ensure it was easy to service? Would the platform be agile enough to accommodate whatever unforeseen bumps the trip encountered? Six days, sixteen hours and fourteen minutes later, we had our answer: yes, yes and yes. This trip also proves that, after a few challenging years for the industry, travel is most definitely back and better than ever.” Travelport+ provides global travel agents with modern retail technology that allows them to compare millions of travel routes and select the best one for each individual traveller. Travelbag, a travel agency who has been a longtime partner of Travelport, booked all aspects of Adventureman’s trip via Travelport+, and they were able to search, filter, find, compare and build the most complex itinerary with ease using Smartpoint Cloud. Adventureman had round-the-clock access to a dedicated Travelbag Travel Specialist who, on his request, tracked evolving travel restrictions, identified schedule changes, and made necessary tweaks to his itinerary in real time. He also was able to access Travelport’s Trip Manager feature on the go, in order to add ancillaries and extras (meals, paid seats, etc.) to his itinerary. For travelers who want to visit one, or all, of the seven modern wonders themselves, Travelbag has a range of packages available, allowing travelers to visit all seven wonders of the world themselves (packages starting from £31,000) or visit an individual wonder (packages starting at £1,300 per person). Depending on each traveler’s individual requirements, Travelbag can tailor-make the perfect holiday. “At Travelbag, we’ve planned and booked thousands of trips, and yet, even we had never seen an itinerary this complex before,” said Caroline Foxwell, Sales and Service Leader at Travelbag. “The retailing tools from Travelport+ are so powerful – Smartpoint Cloud made booking and servicing this trip so easy, it practically did the job for us. Travelport+ helps us to build the perfect itinerary for our clients, time and again, even when that client is a globetrotting, world record-setting superhero!” Adventureman began the trip at the Great Wall of China, the world's longest human-made structure, and the world-record clock started ticking the moment he left the first wonder via toboggan. Second, he visited India’s Taj Mahal – the country’s top tourist destination, which is widely considered a symbol of eternal love. From there, he traveled to Jordan and then by bus to the ancient city of Petra, whose carved rose-red sandstone rock facades, tombs, and temples became even more famous from their role in Indiana Jones and The Last Crusade. Departing Jordan, Adventureman flew to Rome to see its legendary Colosseum, envisioning ancient gladiator battles before he made time for a quick pizza pit stop (the only non-airplane food he consumed during the trip). Christ the Redeemer, the world’s largest art deco statue, brought Adventureman to Brazil, where he was equally in awe of the view from its platform as he was of the statue itself. The sixth wonder, Machu Pichu (an Incan citadel nearly 8,000 feet above sea level) was Adventureman’s favorite: he plans to go back one day and bought a stuffed llama toy there to bring back for his daughter. Finally, after only 6 days, 16 hours and 14 minutes, he reached Chichén Itzá, an archeological site that was a hallowed place of ceremony in the Mayan culture. For Adventureman, a main focus of the record-breaking trip was raising funds for his charity, the Superhero Foundation. As a child, Jamie was diagnosed with a rare spinal condition called syringomyelia, and doctors warned his parents that he might lose the ability to walk. Through the help of many doctors, hospitals and his family, his health improved, starting him on his lifelong mission of giving back to sick kids around the world. To kick start fundraising efforts, Travelport has donated $22,856, a dollar for every mile that Jamie, a Pride of Britain winner, traveled for this challenge. The money will be utilized to continue the charity’s mission: helping families in need fund treatments, therapies and equipment that aren’t freely available to them through their traditional or local healthcare support system. “In my previous adventures, I’ve run solo across America (the equivalent of 210 marathons) and have cycled 22,000 kilometers from Thailand to the United Kingdom, and yet, this was certainly my most complex, complicated trip yet,” said Jamie McDonald, better known as Adventureman. “With travel, there are just so many variables – weather, restrictions, delays, customs, traffic, cancellations, you name it. When you’re attempting to set a world record, speed and agility are absolutely key. There was no other partner besides Travelport that could’ve made this all possible.” For the trip to be endorsed by Guinness World Records, Adventureman had to abide by several rules: Use only scheduled public transportation, with licensed taxi rides unable to exceed 50 kilometers Keep a logbook with clearly indexed evidence (receipts, tickets, etc.) supporting each step Obtain receipts and/or tickets everywhere available Use accurate professional equipment (i.e. GPS tracking equipment) Take videos and photos showing the applicant, the location and the date at each site visited Get a written or recorded statement from an official member of staff, local dignitary and/or police officer at each site Understand that the ‘clock’ starts the moment the challenger leaves the first wonder site, and it does not stop for any reason until the challenger sets foot in the final site Protecting the environment is of the utmost importance to both Travelport and Adventureman. The company calculated the carbon emissions from Adventureman’s trip using using the Travel Impact Model, a shared framework for calculating air travel emissions maintained by Google and developed as part of Travalyst, an independent not-for-profit organization of which Travelport is a member. Travalyst is working to unify industry tools and information to bring sustainable travel to the mainstream. As such, the total CO2 emissions of the world record trip was 2,523 kg. Travelport will remove these emissions with high-quality carbon dioxide removal services from Climeworks. To learn more about the Seven Wonders Challenge, to book a trip to the Seven Modern Wonders, or to make a donation to the Superhero Foundation, please visit Travelport.com/7wonders Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com
May 24, 2023 04:00 PM Eastern Daylight Time
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News ReleaseChillWell Launches ChillWell 2.0 Portable Air Cooler for Personal Space Chilling Benefits
Cosmic Wave
FOR IMMEDIATE RELEASE Contact: ChillWell Phone: 888-998-6324 Email: chillwell@rephelpdesk.com CHILLWELL LAUNCHES CHILLWELL 2.0 PORTABLE COOLER WITH INSTA-FROST TECHNOLOGY AT 55% DISCOUNT FOR A COMFORTABLE, COOL SUMMER New portable cooler decreases indoor air temperatures in minutes while helping save hundreds on utility and cooling bills FAIRFIELD, New Jersey – May 24, 2023 – Portable cooler company ChillWell has launched ChillWell 2.0, a new and improved version of its flagship product. Made with advanced Insta-Frost technology, ChillWell 2.0 can keep homes cool and comfortable all summer long. Insta-Frost uses the proven power of evaporative cooling to reduce the temperature of the air while adding moisture, helping homes stay cool, comfortable, and hydrated. ChillWell is promoting the new portable air cooler through a special 50% off promotion. For a limited time, you can buy ChillWell 2.0 for just $89.99 per unit. “ChillWell 2.0 is our most advanced portable cooler yet,” explains a company spokesperson. “Our team developed Insta-Frost to rapidly cool indoor air temperatures in small and medium-sized spaces, and it works as advertised to help anyone stay cool and comfortable.” Backed by a 60 day moneyback guarantee, ChillWell 2.0 is also designed to be more portable than any other cooler on the market. The cooler has a rechargeable battery, allowing it to be used away from an immediate power source. Simply plug in ChillWell 2.0 via USB-C to charge it, then use the portable carrying handle to take it anywhere it needs to go. ChillWell 2.0 has scored top marks from industry experts for its ability to rapidly cool any space. Instead of waiting for a whole home HVAC system to kick into action, customers can start to feel cool air within minutes. “Insta-Frost uses an innovative, evaporation-based system with cooling cartridges to rapidly cool the air. Within minutes of turning it on, it starts to blow cool air across the room. We also encourage customers to add ice cubes to the water container, or place the included cooling cartridge in the freezer, for optimal cooling power.” Other unique features of ChillWell 2.0 include the multi-colored LED night lights, charging light indicators, and convenient carrying handle. ChillWell 2.0 is about more than helping customers stay cool all summer; it’s also about helping customers save money on home cooling and utility bills: “We’ve heard reports of customers reducing summer utility bills by $500 or more by using ChillWell 2.0 regularly. Instead of paying to cool an entire home, our customers can cool a specific room or space – all without permanently installing an AC system or running hoses through a window.” Customers who buy multiple ChillWell 2.0 portable coolers online today can save even more. ChillWell has dropped the price as low as $67.50 per cooler when ordering four coolers as part of the summer 2023 promotion. About ChillWell: ChillWell, found online at ChillWellShop.com, is a portable cooler company best-known for its flagship lineup of portable coolers. The company recently launched ChillWell 2.0 at a 55% discount for a limited time. The new and improved portable cooler features a rechargeable battery, convenient handle, and Insta-Frost technology for maximum cooling power. For more information, visit ChillWellShop.com. ### Contact Details Melissa Isabel +1 530-418-8423
May 24, 2023 01:35 PM Eastern Daylight Time
News ReleaseShareholder to Demand Greater Transparency from McDonald’s, Walmart About Business Risks in China
National Legal & Policy Center
As shareholders are set to attend annual meetings over the next week for McDonald’s Corporation and Walmart Inc., National Legal and Policy Center will ask fellow investors to support its proposals to provide greater transparency about the companies’ risks of doing business in China. NLPC will present “Communist China Risk Audit” proposals at the meetings, which seek reports to shareholders that address “the nature and extent to which corporate operations depend on, and are vulnerable to, communist China….” The McDonald’s proposal is No. 7 on Page 93 of the company’s proxy statement. For Walmart, NLPC’s proposal is No. 11 on Page 116 of its proxy statement. Both companies oppose NLPC’s proposals. In response, NLPC filed rebuttals at the Securities and Exchange Commission in support of its resolutions to be considered at the McDonald’s meeting, to be held May 25, and at Walmart’s meeting, scheduled for May 31. Read NLPC’s SEC filing for McDonald’s here, and for Walmart here. NLPC’s report to the SEC on McDonald’s outlines some of the risks inherent in doing business in China, and notes: McDonald’s 2023 first quarter [report] states that “(financial) results reflected strong operating performance across the (International Developmental Licensed Markets & Corporate) segment, led by Brazil and China.” China is a clear driver of McDonald’s business performance, making its reliance on China a critical risk, as there are a number of factors that could harm the company The United Nations calls on companies to “provide information that is sufficient to evaluate the adequacy of an enterprise’s response to the particular human rights impact involved.” If McDonald’s is being “guided” by this principle and is already discussing significant risk exposures using “robust risk management program,” then a report…should be easy to deliver and provide investors with meaningful insights. An excerpt of NLPC’s filing for Walmart states: The magnitude of its risk in China is not comparable to the general business risks (already) disclosed by Walmart, many of which are indistinguishable from the disclosures made by other public companies. China-specific risks are present across many parts of Walmart’s business… Walmart has invested a considerable amount in its Chinese infrastructure. Thus, potential disruptions due to political, economic, regulatory, or health issues could negatively impact Walmart’s investments in the region. China is McDonald’s second-largest market, with more than 5,000 restaurants representing nearly 13 percent of its total locations. The communist nation is Walmart’s fourth-largest market, behind the United States, Central America, and Canada, with 365 stores representing nearly seven percent of its international locations. “Considering the extent of revenue generated and supply chain that is dependent on China, McDonald’s and Walmart owe their shareholders more transparency and specificity about their respective risks in the extensive amount of business they do there,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Between human rights atrocities and Chairman Xi Jinping’s saber-rattling against Taiwan, the feasibility of continuing operations there may be tenuous. We urge their boards of directors to disclose more.” Founded in 1991, NLPC promotes ethics in public life and government accountability through research, investigation, education, and legal action. ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at 202-329-8357 or drene@nlpc.org. Please visit http://www.nlpc.org. Contact Details National Legal and Policy Center Dan Rene +1 202-329-8357 drene@nlpc.org Company Website http://www.nlpc.org
May 24, 2023 09:30 AM Eastern Daylight Time
News ReleaseToolsGroup and illycaffè to Present at Gartner Supply Chain Symposium, June 5-7, in Barcelona
ToolsGroup
ToolsGroup announced today that we are exhibiting at the Gartner Supply Chain Symposium/Xpo 2023 in Barcelona, Spain, June 5-7. The ToolsGroup team gained compelling insights from the Gartner Symposium in Florida earlier this month and is excited to keep this momentum going in Europe. We’re also pleased to announce that one of ToolsGroup’s valued customers, illycaffè, has been selected to present on June 7 (Session SPS34, Room 111 Level P1). The presentation will provide an in-depth view of how the company’s adoption of ToolsGroup Service Optimizer 99+ (SO99+) enables the Italian coffee company to embrace a more holistic planning approach. “illycaffè’s success is a testament to the company’s focus on sustainable practices and to the significant benefits of the probabilistic forecasting method,” said ToolsGroup CMO, Kevin Young. “This AI-driven capability gives companies an in-depth understanding of demand. It allows them to match inventory to customer needs, enhancing the consumer experience while avoiding detrimental excesses. We’re excited to see our partnership with illycaffè continue to flourish and drive profitable, customer-centric business practices.” illycaffè was experiencing steady organic growth, serving customers in 140 countries worldwide and managing a broad product portfolio amid significant disruption. Thanks to ToolsGroup’s AI-powered probabilistic forecasting engine, the company improved and accelerated its forecasting and planning processes. With SO99+, illycaffè has the speed, data insights, and maneuverability to plan and manage inventory sustainably while supporting business growth and satisfying customers. The company’s long-time partnership with ToolsGroup helped it deliver a superior consumer experience, even in the midst of the pandemic, and continues to sustain its high standards for customer satisfaction and efficient inventory management across its network. Interested in learning more about ToolsGroup’s solutions? Book a meeting here and stop by booth #113. About Gartner Supply Chain Symposium/Xpo™ Gartner Supply Chain Symposium/Xpo conference delivers must-have insights, strategies and frameworks for chief supply chain officers (CSCOs) and supply chain leaders to think big and drive real impact within their organizations. Join a global community of CSCOs and supply chain executives in 2023. For more information visit: https://www.gartner.com/en/conferences/emea/supply-chain-spain About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our retail and supply chain planning suites empower a new level of intelligent decision making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details MKPR Meir Kahtan +1 917-864-0800 mkahtan@rcn.com ToolsGroup Mark Gallant +1 978-808-0123 mgallant@toolsgroup.com Company Website https://www.toolsgroup.com
May 23, 2023 09:30 AM Eastern Daylight Time
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News ReleaseShowtime: World’s first personalized human video platform Gan.ai raises $5.25M helping brands drop tailored video campaigns
Gan.ai
Brands have been able to personalize text, images and audio in their marketing campaigns for years and with the onset of AI resources, this has helped them scale their work. Today, Generative AI video platform Gan.ai is announcing a $5.25M seed funding round as they breach the final frontier of personalizing video for mass marketing campaigns. The funding round was led by Surge, Sequoia Capital India and Southeast Asia’s rapid scale-up program with participation from Emergent Ventures and other angel investors. With Gan.ai’s studio-quality video personalization software, brands simply need to record a video once, add dynamic keywords to a script, and Gan.ai will generate millions of hyper-customized videos in one click. Businesses can also create personalized landing pages with Gan.ai and deliver videos via preferred communications platforms, enabling specific interactions with users and tailored call-to-actions. The platform integrates with Shopify, Calendly, Stripe, Salesforce and Hubspot for businesses to create unique shopping and payment experiences also. Moreover, Gan.ai’s end-to-end solution also provides businesses with granular customer insights and video performance analytics. Gan.ai was founded in March 2021 by Suvrat Bhooshan and is headquartered in California, US. Suvrat previously worked at Facebook AI Research (FAIR) having completed his masters degree in computer science from Stanford University. His deep-learning papers have been published and cited over 300 times. Today, they are a team of 35 with a leadership team that includes Anupreet Singh as Chief Revenue Officer and Kushaagra Goyal as Chief Technology Officer. Anupreet Singh was US and Europe lead at Mettl (acquired by Mercer) and scaled up business from zero. Most recently, he was the GTM leader at Slintel (acquired by 6sense), where he achieved 0-$5M ARR in just two years. Kushaagra Goyal, leads the development of their disruptive generative AI technology. He has five years of experience working at Databricks, Rubrik and Samsung. He has published over ten patents in this field. Gan.ai is solving a pressing need for businesses as video becomes the go-to means in engaging users. The amount of online video people are watching has almost doubled since 2018, and an overwhelming 86% of businesses use video as a marketing tool. However, creating videos can often be a time-consuming process which lacks personalization when it comes to targeting a large audience. Suvrat Bhooshan, Founder and CEO of Gan.ai commented: “We’re empowering marketing teams around the world to generate a higher return on investment for video campaigns. Imagine a food delivery company being able to send a personalized video from a brand ambassador, addressing its customer by name and how they enjoyed items in their last order, or a clinic reminding a patient to book a follow-up appointment. This hyper-personalization leads to much higher conversion rates vs other static forms of communications. With Gan.ai, businesses will be able to scale their video personalization process while seamlessly integrating it with existing workflows. We’re excited to grow our operations with the new funds, and expand our sales and engineering teams across US and India,” he said. Gan.ai boasts a global customer base that includes brands such as Samsung, Zomato, vivo and gaming platform Mobile Premier League. In the US, Gan.ai has been used by some of the biggest brands including the largest chain of optometry and ophthalmology clinics, EyeCare Partners. “We record videos with influencers and celebrities, and now with Gan.ai, when they call out your name and tell you to take a personalized call-to-action the results are astounding. We saw a 5x increase in our Video Completion Rate, 3x increase in open rates, and 1.5x increase in our Click-Through-Rate," said user Tejnoor Grover at gaming platform Mobile Premier League. At TechCrunch Disrupt 2022, Gan.ai was one of the 200 technologies of the future. They have also been inducted into Stanford University’s prestigious StartX cohort in 2023. About Gan.ai Gan.ai is on a mission to democratize personalized video creation by allowing brands to customize videos for their customers using AI. Gan.ai helps organizations enhance the video creation process and reach out to their audience effectively by making personalized landing pages for customers and delivering customized videos via preferred communication platforms. It empowers organizations to generate a higher return on investment (ROI) for campaigns. For more information on Gan.ai, visit https://gan.ai/ or follow the team on LinkedIn. Contact Details Gan.ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://gan.ai/
May 23, 2023 09:00 AM Eastern Daylight Time
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News ReleaseEmergent Health and Apollo Biowellness Announce Strategic Collaboration
Emergent Health Corp.
Emergent Health Corp. (OTC: EMGE), a curator, developer, and marketer of products in the Regenerative Health Space announced today that it will be collaborating with Apollo Biowellness, Inc., the entity that Boustead has engaged to conduct an IPO of the roll up of the regenerative medicine space, previously announced by Emergent on May 18, 2023. Apollo is an aggregate of manufacturing, distribution and marketing of regenerative products and brands in the regenerative space. This partnership, along with the previously announced spin-off of PharmaZu will continue to build significant value to Emergent. As part of the roll-up being conducted by Boustead and Apollo Biowellness, effective June 1, 2023, Mr. Morrison will take over as President/CEO of Apollo Biowellness. Mr. Morrison will remain as a member of the Board of Directors of the Emergent and will assume the Title of Chairman of the Board. He will continue to be intimately involved with Emergent and the continued development, marketing and distribution of its products and brands, The two companies will coordinate marketing strategies, manufacturing and work together to expand the products and brands. Jim Morrison stated, “Since taking the helm of Emergent, I have enjoyed the process of creating the Company’s vibrant products and brands in the regenerative biologic space. The opportunity to coordinate between Emergent and Apollo and expand the value of these products and brands as President of Apollo Biowellness is an exciting opportunity and will bring expanded value to Emergent. I look forward to continuing to be involved in the dynamic offerings of Emergent going forward.” Jim Zimbler, a member of the Board of Directors, and previously the President of the Company, has been re-appointed as Interim President of the Company, also effective June 1, 2023. In addition to bringing on new senior management, the Company will be announcing a new CFO and a will conduct a new executive search for a new permanent full time CEO to work with the current management and Board and team and Mr. Morrison and the Apollo Biowellness team. The Company will announce more Management updates shortly. Jim Zimbler stated, “Jim Morrison has done a magnificent job during his tenure as President, and I know he will be a tremendous asset to Apollo Biowellness. I look forward to a close continued relationship with Mr. Morrison and leaning on him for his sizable experience and tutelage related to products and brands. That will greatly enhance the value Emergent will receive from the sale of Evolutionary Biologics and the other entities.” ABOUT EMERGENT HEALTH CORPORATION Emergent curates, develops and sells products in the Regenerative Health Space. Its products comprise of ingestibles as well as topicals for the whole family. The company distributes its products online and through Content Based Shopping using Influencers to position products in their produced content throughout the United States and Internationally. Its subsidiaries; PharmaZu, is a pure play, e-commerce products and service provider focused on the Pet Community, Pet Pharmacy and Pet Wellness using Influencers and their content, including the pet pharmacy, vet telehealth and pet wellness businesses. Evolutionary Biologics, is a new kind of biologics company founded for a clear purpose: bring cutting edge regenerative products to the medical community. Emergent does not claim any of its products are approved by the FDA to diagnose, treat, cure or prevent any disease. For more information, please visit Emergent's Website and Social Media on Twitter. Before using any products, you should always consult with your Veterinarian and/or Family Doctor. SAFE HARBOR STATEMENT This press release contains forward-looking statements that can be identified by terminology such as “believes,” “expects,” “potential,” “plans,” “suggests,” “may,” “should,” “could,” “intends,” or similar expressions. Many forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause actual results to be materially different from any future results implied by such statements. These factors include, but are not limited to, our ability to continue to enhance our products and systems to address industry changes, our ability to expand our customer base and retain existing customers, our ability to effectively compete in our market segment, the lack of public information on our company, our ability to raise sufficient capital to fund our business, operations, our ability to continue as a going concern, and a limited public market for our common stock, among other risks. Many factors are difficult to predict accurately and are generally beyond the company's control. Forward-looking statements speak only as to the date they are made, and we do not undertake to update forward-looking statements to reflect circumstances or events that occur after the date the forward-looking statements are made. FOR MORE INFORMATION, PLEASE CONTACT: Jim Morrison, Chairman of the Board James W. Zimbler – Interim President/Interim CEO Emergent Health Corporation Website i nfo@emergenthealthcompany.com Contact Details Emergent Health Corp. info@emergenthealthcompany.com Company Website https://emergenthealthcompany.com/
May 23, 2023 09:00 AM Eastern Daylight Time
News ReleaseNextTech3D.ai discusses record-breaking growth and AI-generated 3D model deliveries
Nextech3D.AI
NextTech3D.ai CEO and Founder Evan Gappelberg joins Natalie Stoberman from the Proactive studios to share the company's record financial and operational results for the first quarter of 2023. Gappelberg says NextTech3D.ai has experienced significant growth which saw a 550% year-over-year surge in its 3D modeling business. The company has also reported 40% sequential revenue growth, while delivering 20,000 3D models to Amazon, their largest customer. Gappelberg says he attributes the company's explosive growth to Amazon's influence and their ability to generate 3D models at a lower cost and higher volume using generative AI. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
May 22, 2023 02:01 PM Eastern Daylight Time
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News ReleaseNextech3D.AI adds $2 million in growth capital cash from fintech firm Ratio Technology
Nextech3D.AI
Nextech3D.AI CEO Evan Gappelberg joined Steve Darling from Proactive to share news the company has received an initial $2 million infusion without share dilution by doing a deal with fintech firm Ratio Technology and its $400 million credit fund. Gappelberg telling Proactive the $2 million in cash was paid against future invoices that the company has contracts for but has not yet been paid. It feels this new access to non-dilutive capital on these long-dated purchase orders will enhance its financial flexibility. The company's strong customer contracts, including blue-chip clients like Amazon and Kohl's, contribute to its ability to secure long-dated contracts and attract substantial funding. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com
May 22, 2023 01:22 PM Eastern Daylight Time
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