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May 20, 2024 07:00 AM Eastern Daylight Time
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News ReleaseHANetf research head Tom Bailey on AI's impact on commodities
HANetf Holdings Limited
Tom Bailey, head of research at HANetf, discussed the impact of AI on the commodities market. He noted that since 2023, AI has significantly influenced market investment, especially through big tech companies like Microsoft. Bailey highlighted that AI's increasing energy demand, especially for AI data centres, necessitates a shift towards more robust power generation methods, including nuclear energy. He pointed out that nuclear energy is seen as a sustainable solution due to its low carbon emissions. Bailey discussed the growing demand for commodities such as uranium and copper. He explained that AI data centres and the broader energy transition, including electric vehicles and renewable energy, drive this demand. HANetf has developed ETFs focused on uranium and copper miners, through which investors can leverage these trends. Th broader Uranium Miners ETF, launched two years ago, includes major and minor players, while a more recent Junior Uranium Miners ETF focuses on smaller companies. Additionally, the Copper Miners ESG ETF, which emphasises pure-play copper mining and includes an ESG screening element, has performed well. Bailey concluded by noting the strong performance of these ETFs, with the Copper Miners ESG ETF up 35% year-to-date and the broad Uranium Miners ETF up 15%. He expressed optimism about the ongoing commodity supercycle driven by various factors, including the energy transition and industrial policy shifts. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
May 20, 2024 03:00 AM Eastern Daylight Time
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News ReleaseMediazest's Geoff Robertson on audio-visual solutions for big brands and market expansion
Mediazest PLC
Mediazest PLC CEO Geoff Robertson gives Proactive's Stephen Gunnion an overview of the company's operations and recent developments. Mediazest, an audiovisual solutions provider, operates in markets such as retail, automotive showrooms, and workspace offices. The company, established nearly 20 years ago, counts well-known brands like Pets at Home, Hyundai, and Jaguar Land Rover among its clients. Mediazest focuses on a holistic, consultative approach, ensuring high-quality delivery and ongoing support. Robertson highlighted the company's European expansion with a Dutch subsidiary established in late 2022, which has enabled better service for EU clients. Following a challenging 2023, Mediazest has seen improvements in 2024, with a positive trading update indicating a strong first half and a promising second half of the year. Robertson mentioned the potential for both organic growth and acquisitions to expand their market presence, noting the ripe conditions for consolidations within the industry. Looking ahead, Mediazest aims to capitalise on opportunities in digital signage, electric vehicle showrooms, and hybrid meeting technologies. Robertson expressed optimism about the company's ability to leverage these trends and deliver value to its clients. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com
May 17, 2024 02:44 PM Eastern Daylight Time
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News ReleaseARway.ai Announces Strategic Partnerships with Ershad Technologies and Walkk
ARway.ai
ARway.ai Chief Product Officer Shadnam Khan joined Steve Darling from Proactive to announce two new strategic partnerships with Ershad Technologies and Walkk. Ershad Technologies, based in Saudi Arabia, is a technology agency specializing in advanced augmented reality (AR) technologies. They focus on delivering immersive AR experiences on mobile platforms, providing comprehensive implementation services aimed at improving visitor experiences and enhancing marketing solutions through the strategic use of AR technology. Walkk, a 3D and AR-focused technology startup based in Oman, has joined ARway as a developer. Walkk is set to develop and deploy an indoor navigation app for the Comex 2024 Global Technology Show, taking place from May 27-30 in Oman. The partnership aims to showcase the capabilities of Walkk and ARway to secure new projects in the Oman market. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com
May 17, 2024 11:48 AM Eastern Daylight Time
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News ReleaseToken Terminal and Messari Release Research Reports on TRON Network For Q1 of 2024
TRON DAO
Geneva, Switzerland, May 17, 2024 – Recent detailed analyses by Token Terminal and Messari have provided an in-depth review of the TRON network’s activity during the first quarter of 2024, emphasizing its competitive positioning and expansive growth within the blockchain sector. Token Terminal Analysis Token Terminal’s comprehensive report offers crucial insights into key data points and metrics of the TRON networks, setting it apart from comparable blockchain networks: Daily Transaction Fees: TRON leads with $4.4 million in daily transaction fees, significantly higher than its peers, highlighting the network’s robust activity and utility. Daily Active Users: Averaging 1.6 million daily active users across Q1, TRON is a leading blockchain for user activity, demonstrating a vibrant and engaged user base that supports continuous network growth. Transaction Volume and Efficiency: TRON’s high transaction volume and operational efficiency underscore its strong infrastructure, which is optimized to handle extensive activity without compromising speed or cost. Messari’s Comprehensive Insights Messari’s report showcases key areas of TRON’s growth and strategic advancements: Revenue and Market Expansion: With a 15% increase in market cap and record Q1 revenue of $128.1 million, TRON has solidified its place among the top revenue-generating blockchain networks. DeFi and Stablecoin Sector Growth: TRON’s DeFi sector saw a 25% increase in TVL, while its stablecoin market cap, dominated by USDT, grew by 8%, further anchoring its pivotal role in the global stablecoin market. Layer-2 Development for Bitcoin: The TRON DAO’s introduction of a Layer-2 solution for Bitcoin marks a pivotal development, aiming to integrate the TRON network, BitTorrent Chain, and Bitcoin networks to boost scalability and functionality. Further Insights Both reports highlight TRON’s resilience and strategic adaptability. Messari notes the network’s deflationary token model as a key factor in its economic stability. Token Terminal’s analysis of TRON’s transactional efficiency and user engagement sheds light on its capacity for sustaining growth and increasing adoption. For a more granular look at TRON’s performance metrics and strategic initiatives, the full reports can be accessed through Token Terminal and Messari’s platforms. Keep up with TRON DAO for the latest updates and developments as we continue to push the boundaries of decentralization and blockchain innovation worldwide. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of May 2024, it has over 230.22 million total user accounts on the blockchain, more than 7.64 billion total transactions, and over $22.12 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Hayward Wong press@tron.network Contact Details Hayward Wong press@tron.network Company Website https://trondao.org/
May 17, 2024 08:00 AM Eastern Daylight Time
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News ReleaseNewmark Security wraps up strong year as positive momentum continues
Newmark Security PLC
Newmark Security PLC CEO Marie-Claire Dwek takes Proactive's Stephen Gunnion through the company's trading update for the year to 30 April 2024 following a strong second-half performance. The UK-based firm, specialising in electronic software and security systems, has observed a positive revenue trajectory, reaching over £22 million. This increase was complemented by significant improvements in EBIT, EBITDA, and cash flow figures, with year-end cash rising to £1.1 million from £600,000 in the previous year. Growth was recorded across both divisions—People and Data Management and Physical Security—with Human Capital Management (HCM) posting a 28% increase in recurring revenues to £2.9 million for the year. Dwek highlighted the company's expansion in the US market, including setting up a US headquarters and internalising logistics operations, which has enhanced service responsiveness and operational efficiency. Looking ahead, Dwek remains optimistic about the new financial year, pointing to a strong sales pipeline with potential in both hardware and software, indicating a continued upward trend in growth and expansion for Newmark Security. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com
May 17, 2024 03:00 AM Eastern Daylight Time
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News ReleaseA New Era for On-Chain Airdrops! HTX Liquid Restaking: Your Gateway to Effortless Airdrop Rewards
HTX
Following the recent distribution of the first Merlin Chain (MERL) Airdrop, Restaking has once again taken center stage as a highly sought-after sector among investors in the crypto sphere. HTX Liquid Restaking has distinguished itself in this airdrop event by adhering to on-chain airdrop rules, offering lucrative yields, and providing individual users with the opportunity to receive up to 112,816 MERL tokens as airdrop rewards. Once more, these qualities have earned HTX praise and recognition from the investment community. As the first exchange to introduce Restaking services, HTX Liquid Restaking has revolutionized how users participate in on-chain airdrops. With features like zero-threshold, no-staking, and no-lockup, it provides unparalleled convenience and flexibility, making it effortless for users to claim on-chain rewards. No Lock-up, More Flexibility! What Else Makes Liquid Restaking on HTX the Preferred Choice? Restaking, at its core, involves re-staking already staked crypto assets to earn additional rewards. HTX Liquid Restaking, however, breaks away from the conventional model of restaking, ushering in a groundbreaking new dimension for airdrops. In comparison to on-chain staking, HTX Liquid Restaking eliminates the need for staking and lock-up assets, offering the following distinct advantages: 1. Easy Accessibility: Traditional staking models typically require users to lock up a specific amount of crypto assets in a smart contract for a set period to earn corresponding rewards. HTX's zero-staking, no-lockup model, represented by Liquid Restaking, revolutionizes the staking landscape by eliminating these limitations. Users can join the event at any time without the need to pre-lock their assets, significantly reducing the entry barrier. 2. Flexibility and Liquidity: HTX's zero-staking, no-lockup model guarantees users full control over their assets. With HTX Liquid Restaking available for both spot and futures accounts, users have the freedom to withdraw and trade their funds at any time without facing lock-up constraints. This flexibility empowers users to adjust their investment strategies according to market conditions, enabling them to seize opportunities more effectively. 3. Reduced Risk: Users do not need to perform complex on-chain transfers, mitigating potential asset risks linked to improper management of on-chain wallets. 4. Enhanced User Participation: HTX's zero-staking, no-lockup model allows participants to join the event at any time and earn rewards effortlessly, boosting user enthusiasm and investment drive. Conversely, traditional staking models, which often require prolonged asset lock-up, make participants more cautious and hesitant. Therefore, HTX's Liquid Restaking, characterized by its zero-staking, no-lockup model, is uniquely designed to cater to user needs. This approach empowers participants to join the event at any time and effortlessly earn airdrop rewards, free from the constraints of asset lock-ups. This truly provides participants with a straightforward participation experience. Trustworthy Liquid Restaking Projects, Carefully Selected by the HTX Team Besides zero-threshold and flexibility, HTX Liquid Restaking boasts a host of other key advantages: Firstly, HTX Liquid Restaking removes the limitations that typically require users to lock up their assets for a period when participating in staking under the traditional model. Users can freely withdraw and trade their crypto assets at any given time, unaffected by lock-up periods. Furthermore, all on-chain projects available in HTX Liquid Restaking undergo meticulous selection by the platform's investment research team. This ensures the security of participants' assets and transaction transparency, enabling users to feel safe and secure when participating in the event. Most importantly, HTX Liquid Restaking offers users airdrop rewards equivalent to those from direct on-chain participation. Supported by the guarantee of asset safety and without affecting users' fund liquidity, the event also offers them an opportunity to realize wealth appreciation by securing additional earnings. In summary, HTX Liquid Restaking, a groundbreaking model, heralds a new era for users to effortlessly claim airdrop rewards. With zero-threshold, no-staking, and no-lockup features, it offers unparalleled convenience and flexibility to investors. By participating in the event with a simple "one-click", users can harvest lucrative rewards without missing out on any benefits of the on-chain restaking sector. Seize the opportunity and join HTX Liquid Restaking now to claim a share of airdrops from popular projects like BounceBit, EigenLayer, and Puffer, and prepare for even more exciting additions in the future. Early participants stand to pocket higher rewards. Get ready for even more excitement ahead! Participants can either join an existing team or create one by teaming up with friends to receive boosts on their rewards through HTX Liquid Restaking. Invite more friends to join this event to claim more airdrop rewards. About HTX Founded in 2013, HTX has evolved over a decade from a simple cryptocurrency exchange to a comprehensive blockchain business ecosystem. This expansion covers a wide range of services including digital asset trading, financial derivatives, wallets, research, investments, incubation, and more. As a world-leading portal to Web 3.0, HTX is committed to a growth strategy focused on global expansion, ecological prosperity, wealth effect, and safety and compliance. This approach enables us to offer comprehensive, safe, and reliable services and value to virtual currency enthusiasts around the world, reinforcing our position as a global gateway to Web3. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/
May 17, 2024 02:15 AM Eastern Daylight Time
News ReleaseISC Reports Strong First Quarter Growth in 2024, Launches Five-Year Growth Strategy
Information Services Corp
ISC CEO Shawn Peters joined Steve Darling from Proactive to discuss the company's impressive financial performance in the first quarter of 2024, coinciding with the launch of its ambitious five-year growth plan. The company recorded a revenue of $56.4 million, marking a 15 percent increase compared to the first quarter of 2023. This growth is attributed to fee adjustments within the Saskatchewan Registries division implemented in the third quarter of 2023, as well as consistent customer and transaction growth in the Services’ Regulatory Solutions division and the advancement of project work on both existing and new solutions in the Technology Solutions division. Peters also highlighted that the Adjusted EBITDA for the quarter rose to $19.4 million, up from $14.5 million in the same period last year. This increase was primarily driven by the aforementioned fee adjustments in the Registry Operations’ Saskatchewan Registries division, in line with the Extension Agreement and annual CPI adjustments. Additionally, the Technology Solutions division saw an increase in its Adjusted EBITDA, which grew due to increased revenue from ongoing and new solution definition and implementation contracts. The Adjusted EBITDA margin significantly improved to 34.5 percent, up from 29.5 percent in the first quarter of 2023, reflecting the positive impact of the pricing strategies implemented. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com
May 16, 2024 12:11 PM Eastern Daylight Time
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News ReleaseRecall.ai raises $10M to give any developer the ability to build AI meeting bots in days
Recall AI
Conversations are now the world’s largest dataset. Millions of hours of meetings happen everyday over video conferencing platforms, and hundreds of companies try to make sense of these meetings using AI-powered meeting bots that take months to build. Today, the universal API for meeting bots Recall.ai has announced a $10 million funding round to allow engineers to integrate with any meeting platform, including Zoom, Google Meet, Microsoft Teams, Slack Huddles, and even platforms with no API. This funding round comes hot on the heels of 10x growth over the past 12 months. The Series A funding round was led by Ridge Ventures with participation from Industry Ventures, Y Combinator, IrregEx, Bungalow Capital, Hack VC, and other existing investors. which will be used to scale Recall.ai’s product and team. This fresh investment brings the company’s total amount raised to over $12M, following a $2.7 million seed round in December 2022. It can take over one year for a team of specialist engineers to build the infrastructure and integrations required for even the most basic AI-powered meeting bots. After they’re built, companies face the bigger and more labor-intensive challenge of hosting and maintaining the infrastructure on hundreds of thousands of servers. In comparison, Recall.ai lets a single engineer get up and running with a meeting bot in a few days, even if they don’t have expertise in real-time video processing. This lets companies focus on building their core product while Recall.ai runs, monitors, and scales complex, real-time video infrastructure. "Recall has been a critical partner to us in rolling out Fellow.app's new AI copilot functionality which has been a huge hit with customers,” explained Aydin Mirzaee, CEO of Fellow.app. “We love working with Recall because they are focused on the infrastructure so that we can focus on what we're good at - solving meeting productivity for companies everywhere." Co-founders David Gu and Amanda Zhu launched Recall.ai as two important trends emerged: a worldwide shift to remote work, and advances in AI technology that simplified the processing of unstructured voice and video data. Gu and Zhu previously worked on a real-time transcription tool for video conferences, where the bulk of their engineering team’s effort was spent building and maintaining integrations with conferencing platforms. The duo realized companies building LLM tools to process data from virtual meetings today were running into the same integration and infrastructure hurdles they had already solved, and decided to start Recall.ai to enable the next generation of LLM-powered apps. Over the last 12 months, Recall.ai has grown 10x and today ingests millions of hours of video meeting data for more than 300 companies. Customers are currently using the platform to build powerful tools that leverage conversation intelligence for sales enablement discussions, productivity, customer success, financial advising, telehealth applications, and virtual depositions, among other use cases. Recently, Recall also partnered with Zoom to release an official Meeting Bot Starter Kit that generates a transcript, requests a meeting summary, and provides it to participants in near real-time. “Conversations are the world’s largest dataset,” said David Gu, co-founder at Recall.ai. “Large language models continue to unlock conversations in exciting ways, and the demand for developers to capture this data has never been higher. Every SaaS company in the world should be using conversations as a data source. Recall’s unified API makes it as easy as possible.” “Recall is on its way to becoming the de facto infrastructural layer for all enterprise-level conversational data,” added Akriti Dokania, Partner at Ridge Ventures. “Video and voice data will only become more central to software companies moving forward. Providing infrastructure API access is a hard problem to solve and enterprises don’t want to solve it in-house—Recall’s tremendous growth proves it ten times over. Most importantly, David and Amanda are an ideal founding duo: technically gifted, tenacious, wise beyond their years, and always willing to learn and grow.” With this new funding, the company is primed for the next phase of growth. The same way that AWS provided common infrastructure that every company building a web application would need as they scale, Recall.ai is setting out to provide the common infrastructure for every company who needs to access and apply AI to conversations. About Recall.ai Recall.ai provides a single API for accessing real-time meeting data from platforms like Zoom, Microsoft Teams, Google Meet, and more. Real-time meeting integrations require a lot of moving parts, so Recall.ai provides a unified framework that simplifies this process. Recall.ai makes it easy to trigger actions based on who is speaking, when people join or leave a meeting, and more, all with a single API for every platform which helps lower development time and upkeep costs. The API can be used with both audio and video streams, even for meeting platforms that do not have a publicly accessible API. About Ridge Ventures Founded in 2007, Ridge Ventures is a seed and early-stage venture capital firm investing in founders who are redefining how the world interacts with data and code. Ridge takes a fast, flexible, and founder-focused approach, and backs companies delivering advanced technologies, new distribution models, and incredible user experiences. Find out more at www.ridge.vc Contact Details Recall.ai Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://www.recall.ai/
May 16, 2024 09:00 AM Pacific Daylight Time
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