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Nextech3D.ai's Q1 Performance: Enhancing Profitability Through Strategic Measures

Nextech3D.AI

Nextech3D.ai CEO Evan Gappelberg joined Steve Darling from Proactive to discuss the company's Q1 performance. Despite a slight drop in revenue, Gappelberg highlighted a significant improvement in the company's profit margin, which rose from 30% in Q1 2023 to an impressive 51% in Q1 2024. This notable enhancement is attributed to aggressive cost reduction measures, including the relocation of operations to India. Monthly expenses decreased from $2.2 million to $850,000, with further reductions anticipated in Q2. Gappelberg underscored the importance of enterprise customers, particularly mentioning Nextech3D.ai's largest client, Amazon, and the addition of new enterprise clients. The company continues to excel in 3D modelling, delivering thousands of models monthly. Recent expansions include the introduction of a new AI-powered 3D model search engine, an expanded AR tech team in Hyderabad, and an entry into the jewellery industry. Moreover, Nextech3D.ai launched an AI technology incubator and obtained pivotal patents for generating 3D models from 2D images. Gappelberg emphasized that while Q1 revenue was modest, the company's focus remains on long-term profitability. Nextech3D.ai aims to secure five large enterprise deals, which are anticipated to drive future growth. Gappelberg expressed confidence in their strategic approach and extended gratitude to shareholders for their ongoing support. Contact Details Proactive United States +1 347-449-0879 action@proactiveinvestors.com

May 27, 2024 12:13 PM Eastern Daylight Time

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Time to Harvest! HTX Liquid Restaking Injects ETHFI & zkLink Airdrops and Allows Points Redemption Soon

HTX

This summer, as the scorching heat envelopes the Northern Hemisphere, an even more exciting anticipation filled the air—the arrival of the restaking airdrop harvest season. HTX, the global leading cryptocurrency exchange, is heating up the restaking season with the addition of Etherfi (ETHFI) and zkLink airdrops to its Liquid Restaking event. Points earned through the event will soon be accessible for redemption, allowing users to capitalize on their participation. According to the previous report, the event has recently increased its quota to over $150 million and introduced a new version featuring a clearer reward display and automatic update from LRS points to r-points. What is New on HTX Liquid Restaking This May? HTX reportedly added Etherfi (ETHFI) and zkLink to its Liquid Restaking event's rewards pool on May 22. Additionally, the point redemption feature will be available starting at 03:00 (UTC) on May 31, with the approaching first batch of rewards including BouncebBit airdrops, ETHFI, TRX, USDT, and $HTX. Let's look at the update details as follows: 1. Enabling BTC: A daily prize pool of 250,000 r-ZKL points, equivalent to zkLink airdrops by staking 500 BTC daily. 2. Enabling ETH: A daily prize pool of 50,000 r-ETHFI points. 100 r-ETHFI = 1 ETHFI 3. BounceBit points (r-BB) distribution will be ceased on May 22. You can redeem your r-BB points for rewards starting on May 31. Moreover, HTX will continuously increase the event quota and introduce new premium projects based on the event participation to help you earn more than on-chain retaking. Join Restaking on HTX: Enjoy Effortless On-chain Airdrops Together with Tens of Billions of Smart Money The restaking sector is growing stronger and more mature with over $20 billion TVL, thanks to the engagement of notable institutions including Ethereum Foundation, Polychain Capital, and ABCDE, leading platforms like HTX, Binance, and OKX, as well as major ecosystem participants. As a leading exchange in retaking, HTX has cherry-picked premium restaking projects, such as Merlin, BounceBit, EigenLayer, and Puffer to its Liquid Restaking event. In addition, HTX Liquid Restaking employs a dedicated research team for projects' security audits, on-chain participation analyses, and team assessments. Participating in the event means mirroring the choices of mega smart money and the professional team. You are just one click away from easy participation in restaking for fruitful rewards. ● Safer: HTX's latest Merkle Tree Proof of Reserves shows that the reserve ratio exceeds 100%, and regular asset audits are performed to ensure sufficient reserves to safeguard user assets. ● Simpler: The event features no entry requirements, with one-click participation by holding assets in your HTX spot/futures account. It also highlights flexibility and no lockups, where you can deposit/withdraw your assets at any time. The event will cover all the on-chain operations, allowing you to enjoy seamless investing. ● More Effortless: Receive instant points after registration and redeem for rewards anytime. Earn more airdrops by enabling certain assets for several restaking projects. BTC Participation Earns You: MERL tokens from Merlin Chain (already airdropped), with APR over 88%; This May, millions of BB tokens from BounceBit with an estimated value of nearly $1B; upcoming zkLink token airdrop; and future airdrops from reputable restaking projects like Babylon. ETH Participation Earns You: EIGEN tokens from EigenLayer with over 3M ETH staked; upcoming PUFF airdrop from Puffer Finance; over 3% APR on stETH from Lido; future airdrops from other projects, such as Etherfi, Swell, Renzo, and KelpDAO. Additionally, you can enable USDT, TRX, and $HTX for corresponding on-chain rewards. Just stay tuned for more airdrop updates on HTX. Liquid Restaking is a CEX-based airdrop event launched by HTX. It allows users to effortlessly enjoy popular on-chain airdrops for free, with no entry barriers. Participation is simple, but the opportunity is lucrative, as the restaking space boasts a market cap of tens of billions of dollars. You can participate with a simple click on the event page, with this portal: HTX app > Earn > Liquid Restaking. Don't miss out on this gateway to easily share in on-chain restaking 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 25, 2024 11:43 AM Eastern Daylight Time

TRON Network Collaborates with FearsOff to Enhance Security

TRON DAO

Geneva, Switzerland, May 24, 2024 – The TRON DAO announces a collaboration with FearsOff, a leading cybersecurity auditing firm based in Dubai. Renowned for its elite team of ethical hackers, FearsOff specializes in continuous offensive security testing for the world's largest crypto-exchanges and blockchain networks. This collaboration is set to enhance the TRON network’s robust security infrastructure with FearsOff’s advanced expertise and state-of-the-art tools. Marwan Hachem, Chief Operating Officer at FearsOff, expressed his enthusiasm: “We’re delighted to collaborate with TRON and honored to play a pivotal role in strengthening the cyber resilience of the #1 blockchain by monthly active users and USDT settlements. This proactive collaboration enables us to build a safe Web3 ecosystem”. By embracing this collaborative approach, TRON underscores its commitment to transparency, continuous improvement, and the highest standards of cybersecurity. This partnership with FearsOff illustrates TRON's forward-thinking strategy, ensuring their blockchain ecosystem remains resilient and secure. 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 231.9 million total user accounts on the blockchain, more than 7.69 billion total transactions, and over $21.94 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 24, 2024 01:13 PM Eastern Daylight Time

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Two-Thirds Of Top 20 Pharmaceutical Companies Have Prohibited AI – Brand Engagement Network Aims To Change That Perception With Its Solutions

Benzinga

By Faith Ashmore, Benzinga According to a recent survey conducted by ZoomRx involving 200 professionals in the life sciences industry, over 50% of the respondents indicated that their respective companies had implemented a ban on the usage of ChatGPT, a popular generative artificial intelligence tool developed by OpenAI. Interestingly, around 65% of the largest 20 pharmaceutical companies have prohibited the tool's usage. Participants in the survey stated that the reason for this policy was mostly associated with concerns that confidential company information could be accidentally exposed to rival organizations. It is understandable that some companies may be struggling with implementing new technology, especially in an industry where confidentiality is paramount. There have even been leaks associated with OpenAI that raise concerns for companies looking to adopt new technology but are still wary of execution. Some have even called artificial intelligence (AI) “overrated.” And while ChaptGPT may be one of the bigger names in the burgeoning field of AI, that doesn’t make it the best – there are companies offering AI that could meet the needs and allay the concerns of such healthcare companies. Simply put, not all AI platforms are created equal. The AI Company That Is Bringing Security And Assurance To The Industry Brand Engagement Network (NASDAQ: BNAI) (BEN), an AI company that is cementing its place against big tech giants, is working to secure a firm foothold in the AI space. The company has spent the past several years acquiring patents to enhance sound and image processing, sensor data and AI perception and understanding. The company released its AI/3D avatar prototype in 2020, showcasing BEN's ability to blend cutting-edge technology with immersive user experiences. BEN says its AI has distinguished itself from competitors through 16+ perception, understanding and response AI modules that facilitate a truly human-like interaction in the ways it can listen, see, speak and react. BEN retains a laser focus on offering the right solution to healthcare companies and has been making progress. The company recently partnered with MedAdvisor Solutions, a global leader of pharmacy-driven patient engagement solutions, to bring BEN’s AI assistants to certain pharmacies to help enhance patient outcomes. BEN’s AI Assistant technology will be a part of MedAdvisor Solutions’ Medication Advisor product, offering its vast pharmacy network configurable, easy-to-deploy and effective AI technology. BEN's success hinges on its lineup of conversational AI applications that facilitate superior customer experience, higher levels of automation and enhanced operational efficiency. This has been made possible by leveraging highly sophisticated proprietary large language models. These models, based on updated training and fine tuning of open-sourced large language models, are the product of extensive research and development by renowned AI thought leaders as well as advanced security methodologies. BEN’s AI assistants are walled gardens for each business, meaning they learn and are trained on what the business specifies they learn and train on and the benefits are contained to that individual instance. It truly is the businesses’ AI. BEN’s full-stack solutions can be ring-fenced and operate without access to 3rd party systems or without an external Internet connection for companies where maximum data security and compliance are a must. BEN says it is committed to weaving mutually beneficial relationships with businesses that have complementary capabilities and networks to deliver tangible outcomes that foster growth and success. By utilizing a proprietary model designed specifically for their needs, BEN ensures that their client's sensitive data is secure and safeguarded more effectively than if they were to opt for less protective AI programs. While there are still companies that are nervous about adopting new technology, it is unlikely that the industry is going away; the global AI in healthcare market size was valued at $20.9 billion in 2024 and is expected to reach $148.4 billion by 2029 at a CAGR of 48.1%. For companies that are hesitant, platforms like BEN may offer the security and reassurance that is needed to adapt to newer technology. Featured photo by National Cancer Institute on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 24, 2024 08:30 AM Eastern Daylight Time

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News Release

Quarktwin Electronics Unveils Revolutionary Innovations in Consumer Technology

Rev Up Marketers

Quarktwin Electronics, a leading figure in consumer technology, announces a series of groundbreaking innovations poised to redefine the industry. With an unwavering commitment to technological advancement, Quarktwin Electronics introduces new products and advancements set to elevate user experiences worldwide. Introducing the Quarktwin QuantumChip Processor Central to Quarktwin Electronics’ latest offerings is the groundbreaking QuantumChip processor. Harnessing the power of quantum computing, the QuantumChip processor significantly boosts computational speeds while reducing energy consumption. This cutting-edge technology promises unparalleled performance for personal and professional computing needs, establishing a new industry standard. Launch of the Quarktwin Infinity Smartphone Series Expanding upon its tradition of innovation, Quarktwin Electronics proudly presents the Quarktwin Infinity Smartphone Series. These smartphones integrate the QuantumChip processor, delivering rapid processing capabilities, advanced AI functionalities, and extended battery life. The Infinity series features an impressive edge-to-edge OLED display and an advanced camera system, making it the ultimate device for work and leisure. Expanding the Smart Home Ecosystem Quarktwin Electronics is further expanding its smart home ecosystem with the introduction of Quarktwin HomeHub. This comprehensive smart home controller seamlessly integrates with existing devices, offering enhanced security, energy management, and home automation. With intuitive voice control and AI-driven insights, Quarktwin HomeHub aims to streamline and enhance modern living. Commitment to Sustainability In addition to technological breakthroughs, Quarktwin Electronics reaffirms its commitment to sustainability. The company strives to minimize its carbon footprint by employing eco-friendly materials and implementing energy-efficient manufacturing processes. The new product line reflects this dedication, with packaging crafted from 100% recycled materials and devices engineered for longevity and recyclability. About Quarktwin Electronics Quarktwin Electronics stands as a global leader in consumer electronics, renowned for its innovative spirit and cutting-edge products. Established in 2010, the company consistently pushes technological boundaries, delivering high-quality, user-centric solutions to a global clientele. With a steadfast focus on innovation, sustainability, and customer satisfaction, Quarktwin Electronics continues to shape the landscape of consumer technology. Contact Details Quarktwin Ellen Zhang info@quarktwin.com Company Website https://www.quarktwin.com/

May 24, 2024 04:09 AM Eastern Daylight Time

Catalyst Marketing Agency Wins Prestigious Awards for Creative Brand Campaign

Catalyst Marketing Agency

Catalyst, a leading global marketing agency headquartered in Denver, Colorado, wins multiple awards for the high-performing brand campaign they created for Streamlabs, a division of Logitech. These accolades highlight the agency’s commitment to creativity, strategic execution, and impactful storytelling. The award-winning campaign, titled “Unleash Your Live,” showcases live streamers who have built communities around their passions by using Streamlabs’ comprehensive suite products. This initiative not only captivated the live-streaming creators, but also significantly boosted brand awareness and engagement for Streamlabs. “We are incredibly honored to be recognized for our work on the Unleash Your Live campaign,” said Carlos Musquez, executive creative director at Catalyst Marketing Agency. “Our team put a tremendous amount of passion and creativity into this project, and it is rewarding to see our efforts acknowledged by industry peers and professionals.” The campaign earned accolades in the following categories: Silver Telly Award for Online Commercials Silver American Advertising Award for Internet Commercials Platinum Muse Creative Award for Social Media Gold Hermes Creative Award for Strategic Campaigns Each award underscores the agency’s expertise in delivering highly creative marketing solutions that drive results. The Unleash Your Live campaign was particularly noted for its creative design, strategic insight, and unique collaboration. Streamlabs also shared in the excitement of these achievements. Mikey Kilun, global head of marketing at Streamlabs, stated, “Working with Catalyst has been a transformative experience for our brand. Their ability to understand our vision and translate it into a compelling and effective campaign has been instrumental in our success.” As Catalyst Marketing Agency continues to push the boundaries of creativity and strategy in the marketing world, these awards serve as a testament to the agency’s dedication to excellence and innovation. About Catalyst Marketing Agency Catalyst is an award-winning creative marketing agency that prevents brands from being ignored. The agency offers a wide range of services, including branding, digital marketing, content creation, and strategic planning. Catalyst is dedicated to relentlessly helping brands connect with their audience in more meaningful ways, even when it defies convention. Contact Details Catalyst Marketing Agency Robin Emiliani robin@catalystmarketing.io Company Website https://catalystmarketing.io/

May 23, 2024 01:00 PM Mountain Daylight Time

HTX Ventures Invests in Kelp DAO to Accelerate Restaking Innovations

HTX Ventures

Singapore / May 21, 2024 – With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Kelp DAO, a triple-income re-pledge protocol based on EigenLayer. Kelp DAO has secured $9 million in its latest round of strategic private sales, which will support its vision to reshape the DeFi and restaking ecosystem. This funding will enable Kelp DAO to further develop its cutting-edge technology, expand its offerings, and refine its liquid restaking solutions. Currently, Kelp offers liquid restaking across the Ethereum mainnet and nine Layer 2 solutions, including Arbitrum, Blast, Linea, Base, and Scroll. "We are excited to support Kelp DAO," said Edward, Managing Partner at HTX Ventures. "Their focus on enhancing user experience and driving developer experimentation is pivotal to the early success of restaking. We believe Kelp's innovative approach will transform the DeFi landscape, and we are thrilled to be part of their journey." Dheeraj Borra, Co-founder at Kelp, shared, "This fundraise not only fuels our operational capabilities but also validates the vision we have for Kelp, which is now shared by our investors. We're excited to scale our solutions and enhance user experience even further with their support.” HTX Ventures is thrilled to support innovative projects like Kelp DAO, which offers a much-needed, user-friendly, and scalable solution. Users can stay connected with Kelp DAO through their official website and social media channels for the latest product updates. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

May 23, 2024 10:38 AM Eastern Daylight Time

PathAI and Aster Insights Partner to Deliver Combined AI-Derived Structured Pathology and Multimodal Real-World Data Solutions

PathAI

PathAI, a global leader in AI-powered pathology, and Aster Insights, the leading provider of scientific and clinical intelligence for oncology discovery, today announced a multi-year strategic partnership to develop curated multimodal datasets that pair PathAI’s PathExplore 1 artificial intelligence (AI) tumor microenvironment (TME) quantification panel with Aster Insights’ Avatar clinical, molecular, and digital pathology imaging data. By combining their respective best-in-class platforms, PathAI and Aster Insights will be able to expedite the development of novel insights to accelerate the discovery and development of new treatments for patients with cancer. The partnership will allow PathAI to utilize digital whole slide imaging (WSI) from Aster Insights’ Oncology Research Information Exchange Network ® (ORIEN). ORIEN ® members participate in Total Cancer Care ® (TCC), the world’s largest and longest-running observational research study in oncology, which has accrued over 400,000 patients to date. Digital pathology images contain a wealth of untapped data, and PathAI’s PathExplore is the world’s first structured, standardized, and scalable product that leverages AI to characterize the TME from routinely available hematoxylin and eosin (H&E) stained digital WSIs. PathExplore exhaustively detects and classifies the millions of cell and tissue regions across H&E WSIs to provide researchers access to important insights, such as patterns of immune cell infiltration and presence of complex tissue structures. These data are critical for better understanding existing treatments and the development of novel therapeutics. PathExplore features are paired with Aster’s Avatar multimodal data including tumor whole exome and whole transcriptome sequencing, which allows researchers to follow a patient throughout their cancer journey and access rich information about their cancer biology. Avatar provides a powerful set of data, allowing for a deeper understanding of disease pathology, and what happens to patients when they are exposed to certain treatments. “Analysis of histopathology images uniquely allows researchers to define and quantify spatial changes in the tumor microenvironment resulting from treatment or disease progression,” said Andy Beck, M.D., Ph.D., Chief Executive Officer and Co-founder of PathAI. “Our collaboration with Aster Insights is empowering researchers with robust multimodal datasets to explore hypotheses such as identifying and analyzing novel histological biomarkers correlated with patient treatment, outcomes, and gene expression.” “Our approach to leveraging AI with multimodal data will lead to new information and deeper insights than currently possible,” said Anand Shah, M.D., Chief Executive Officer of Aster Insights. “Together with PathAI, we are creating new knowledge that is critical for researchers and life sciences partners to expand therapeutic options.” PathAI and Aster Insights are offering these joint solutions to biopharma customers to support targeted and pan-cancer initiatives across the drug development lifecycle. For more information, please contact Aster Insights and PathAI. You can also connect with both companies at ASCO in Chicago, IL, from May 31-June 4, 2024. Footnotes 1 PathExplore is For Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials to the industry leading AISight Image Management System. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of pathology samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge biomarker status and accelerate drug development for complex diseases. For more information, please visit www.pathai.com. About Aster Insights Aster Insights is the leading provider of scientific and clinical intelligence for oncology discovery. We partner with drug, biologics, diagnostics, and medical device developers to accelerate oncology product discovery and development. Aster Insights leads the Oncology Research Information Exchange Network® (ORIEN), a consortium of the nation's leading cancer centers that conduct Total Cancer Care®, the world's largest and longest running observational research study in oncology. Together, we are changing the way cancer is studied, treated, and prevented. Learn more at www.AsterInsights.com and follow us on LinkedIn and Twitter. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Aster Insights Dawn Thomas-Smith dawn.thomas-smith@asterinsights.com Company Website https://www.pathai.com/

May 23, 2024 10:00 AM Eastern Daylight Time

DB Schenker Americas Earns IATA Lithium Battery Transport Certification

DB Schenker

DB Schenker, a global leader in logistics and supply chain solutions, is proud to announce the successful acquisition of the Center of Excellence for Independent Validators (CEIV) Lithium Batteries Certification for its United States airfreight operations from the International Air Transport Association (IATA). This significant achievement underscores DB Schenker's commitment to setting the standard for safely and efficiently handling lithium battery shipments, a critical component in today’s technology-driven market. John McDonald, EVP of Americas for Airfreight, DB Schenker, said, “The CEIV Lithium Batteries program, crafted by IATA, is an industry-recognized certification that represents a company's ability to meet the stringent guidelines and standards for the logistics of lithium batteries. The certification confirms DB Schenker's proficiency in the safe transport of these items, which are essential for powering a vast array of devices and systems essential to modern life and commerce.” DB Schenker embarked on a rigorous certification journey marked by a series of in-depth training sessions, self-assessments, and meticulous documentation reviews. Barbara England, Sr. Director of Operations for Airfreight, DB Schenker, said, “The process began with comprehensive training, where Air Export Operations personnel and Air Product Management teams completed the IATA Lithium Battery Logistics Safety Management Certification Program. Following this, DB Schenker conducted a thorough self-assessment to ensure alignment with IATA’s exacting standards.” Brendan Sullivan, IATA’s Global Head of Cargo, said, "Congratulations to DB Schenker for achieving CEIV Lithium Batteries Certification for their operations in the United States. This accomplishment underscores the company's unwavering commitment to excellence in logistics within the rapidly growing sector. DB Schenker’s dedication to the safe handling of shipments is something their customers will undoubtedly value. Furthermore, the industry stands to benefit from the quality benchmark that they are helping to establish.” The assessment phase took place at DB Schenker's facility in Franklin Park, IL, where an IATA assessor meticulously evaluated the company's operations, processes, and adherence to the CEIV Lithium Batteries audit checklist. This checklist, featuring over 200-line items, required DB Schenker to demonstrate the highest level of precision and commitment to safety standards. Upon completion of the assessment, the findings underwent a rigorous validation process by IATA, culminating in the certification being awarded on January 29, 2024, with the notable distinction of zero non-conformities – a testament to DB Schenker's diligent preparation and dedication to excellence. The implications of receiving the CEIV Lithium Batteries certification are far-reaching for DB Schenker. This certification is not only a validation of DB Schenker’s unwavering dedication to safety and quality but also positions the company to meet the surging demand for the transportation of lithium battery products. Clients and partners can now have even greater confidence in DB Schenker’s capabilities to handle their shipments with the utmost care and expertise. Looking to the future, DB Schenker views this certification as a cornerstone of its ongoing strategy to expand its specialty in transporting dangerous goods. The company is already planning to extend the CEIV Lithium certification to additional global sites and is confident in pursuing further certifications for other dangerous goods, irrespective of the mode of transport. This certification aligns with DB Schenker's strategic vision to lead the logistics industry in safety, efficiency, and reliability. With the growing reliance on lithium batteries across multiple sectors, DB Schenker is well-prepared to support its customers with the highest level of service. The CEIV Lithium Batteries certification is valid for two years, during which DB Schenker will engage in continuous improvement and compliance to maintain this status. Refresher training for key personnel will be conducted, and new assessments will ensure ongoing adherence to the rigorous standards set forth by IATA. ### About DB Schenker Americas DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas, with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker's Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices, knowledge, and global capabilities. About DB Schenker With around 72,700 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world's leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Contact Details Nicholas Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com

May 23, 2024 09:00 AM Eastern Daylight Time

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