News Hub | News Direct

Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
Article thumbnail News Release

Volatus Aerospace accelerates its Public Safety Initiative with the addition of advanced UAV Mobile Command Units

Volatus Aerospace Corp.

Volatus Aerospace Corp. (TSXV: VOL) (“Volatus”) is pleased to announce that it has partnered with Illinois-based DRAXXON to market and sell fully integrated mobile command centers configured to support drone operations in a public safety environment. Demonstrations of these Mobile Command Centers and various public safety drones will provide an opportunity for first responders to evaluate customized solutions to meet their tactical requirements. The Mobile Command Center enhances Volatus’ integrated solutions for public safety agencies. “The public safety market is rapidly adopting the use of tactical drones and the application of Drones as First Responder. We are committed to being a leading provider of turnkey solutions in this sector,” said Glen Lynch, Volatus CEO. “Mobile Command Centers provide all the components of a rapid response unit including drone communications, flight operations, and live data feeds. DRAXXON is a leading manufacturer of high-quality, specialized vehicles designed for multi-mission capabilities. Innovation and quality make them a perfect partner for our public safety initiative.” DRAXXON CEO Brock Wilkerson remarked, “Partnering with Volatus and integrating their various drones, mission control systems, and intelligence offerings with our high quality, specialized vehicle solutions, results in powerful resources for first responders.” According to Markets&Markets in their 2021 report ‘Unmanned Aerial Vehicle (UAV) Market,’ the global government and law enforcement market is forecast at US$5.72B by 2026 growing at a CAGR of 17.1%. The public safety market is a targeted growth sector for Volatus. “Delivery of the first vehicle is scheduled for January 25 th and our North American roadshow will begin in March," said Dean Attridge, VP of Solutions Engineering. "We will be showcasing our fully integrated solution at the International Security Conference & Exhibition (ISC) West tradeshow.” About Volatus Aerospace: Volatus Aerospace is a leading provider of integrated drone solutions. Operating a vast pilot network with offices throughout Canada, the United States, and South America, Volatus provides enterprise and industrial solutions including training, equipment sales & support, imaging & inspection services, drone cargo solutions, design & manufacture, and research & development. With a rapidly expanding network of strategic partnerships and acquisitions, Volatus is driving the full potential of UAV technologies around the world and shaping the industry of tomorrow. Forward-Looking Statement: This news release contains statements that constitute “forward-looking information” within the meaning of applicable securities laws, including statements regarding the plans, intentions, beliefs and current expectations of the Corporation with respect to future business activities and operating performance. Often, but not always, forward-looking information can be identified by the use of words such as “plans”, “expects”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates”, or “believes” or variations (including negative variations) of such words and phrases, or statements formed in the future tense or indicating that certain actions, events or results “may”, “could”, “would”, “might” or “will” (or other variations of the foregoing) be taken, occur, be achieved, or come to pass. Forward-looking information includes information regarding (i) the business plans and expectations of the Corporation; and (ii) expectations for other economic, business, and/or competitive factors. Forward-looking information is based on currently available competitive, financial and economic data and operating plans, strategies or beliefs as of the date of this news release, but involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements of the Corporation to be materially different from any future results, performance or achievements expressed or implied by the forward-looking information. Such factors may be based on information currently available to the Corporation, including information obtained from third-party industry analysts and other third-party sources, and are based on management’s current expectations or beliefs. Any and all forward-looking information contained in this news release is expressly qualified by this cautionary statement.Investors are cautioned that forward-looking information is not based on historical facts but instead reflects expectations, estimates or projections concerning future results or events based on the opinions, assumptions and estimates of management considered reasonable at the date the statements are made. Forward-looking information reflects the Corporation’s current beliefs and is based on information currently available to it and on assumptions it believes to be not unreasonable in light of all of the circumstances. In some instances, material factors or assumptions are discussed in this news release in connection with statements containing forward-looking information. Such material factors and assumptions include, but are not limited to: the impact of the COVID-19 pandemic on the Corporation; meeting the continued listing requirements of the TSXV; and anticipated and unanticipated costs and other factors referenced in this news release and the Circular, including, but not limited to, those set forth in the Circular under the caption “Risk Factors”. Although the Corporation has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in forward-looking information, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended. The forward-looking information contained herein is made as of the date of this news release and, other than as required by law, the Corporation disclaims any obligation to update any forward-looking information, whether as a result of new information, future events or results or otherwise. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Contact Details Volatus Aerospace Corp. Rob Walker +1 514-447-7986 rob.walker@volatusaerospace.com Company Website https://volatusaerospace.com

January 12, 2022 07:00 PM Eastern Standard Time

Image
Article thumbnail News Release

College of DuPage MPTV Student Produces Annual Fundraising Video for Spay Illinois

College of DuPage

College of DuPage Motion Picture and Television (MPTV) program student David Roudebush recently wrote, produced and directed a five-minute public service announcement highlighting Spay Illinois, a non-profit organization providing low-cost care to pet owners facing financial hardship. “It was my first time doing anything like this,” he said. “I learned on the spot and soaked in every last bit. That sometimes meant working 14-hour days, but it was worth it because it’s not really work when you love what you do.” Roudebush was approached by COD MPTV Professor Tony Venezia earlier in the semester to see if he would be interested in spearheading the video project to help Spay Illinois raise funds for their annual giving campaign. “I jumped at the opportunity because being able to use what I’m learning in the classroom for a professional client would be invaluable experience,” he said. “I also knew that I was passionate about Spay’s mission, and the more I talked to their staff, the more I felt a connection to the organization.” Roudebush got a chance to experience firsthand what goes into making a professional production from start to finish. As the writer, producer, director and editor for the project, he spent weeks planning every meticulous detail, including the technical aspects like lighting and sound, as well as creating a story arch and an emotional hook. “I had to think about what was going to land the ultimate goal of getting this organization the critical funds that they needed to help more pet owners in need,” he said. “I wanted to give the client something that was professional grade and reflected their mission statement.” Once Roudebush found a willing client whose dog’s life was saved when Spay Illinois stepped in to help, his vision came to life. ­­­Through firsthand storytelling, Roudebush’s finished product was an emotional and raw video that helped the non-profit organization reach its year-end fundraising goal. Venezia said he was impressed with the professionalism Roudebush displayed throughout the project. “I am highly impressed with the artistry of the project and David’s drive and dedication to his work,” he said. “The camera work is extraordinary and fully supports the message of the video. I also am impressed with the professionalism, care and involvement from everyone involved, including the staff from Spay. Excellent, amazing, professional work from all sides.” Roudebush credits his success on the project to his experience at COD. “At the end of the day, having COD as a resource and a safe place gave me the confidence that I could be successful working on a professional grade project that involved wearing multiple hats,” he said. “COD has really prepared me for what’s to come. I had this level of confidence that’s been missing for a long time.” Watch Roudebush’s fundraising video he produced for Spay Illinois. Finding Purpose at COD Roudebush enrolled in COD’s MTPV program at age 29 after spending nearly a decade working a variety of jobs. “Before finding my way at COD, I never thought I could made money off of dream jobs,” he said. “But one night I was watching the credits of a movie and saw that there were hundreds of names scrolling down the screen from lighting designers to photographers to writers. With the rise in streaming platforms, the needs of a crew are only going to grow, so I figured why not try it. When I finally got to COD, the MPTV department was able to provide me resources, knowledge and a safe place to explore my craft. And I’m still learning. I signed up for another semester because I truly don’t want to leave.” Eager to gain as much experience as possible, Roudebush began working as a student worker in the MPTV department helping students learn various multimedia equipment and assist students with studio rentals. “Working in the department allows me to have a center seat at the table,” he said. “The students that are the most successful are the ones that, like myself, completely commit to what COD has to offer. It’s about showing engagement with what is possible here. At a commuter school it’s so easy to come and leave, but getting involved is so important.” Hear more about Roudebush’s experience in COD’s MPTV program. Contact Details College of DuPage Angela Mennecke +1 630-942-3134 menneckea@cod.edu

January 12, 2022 02:19 PM Eastern Standard Time

Image
Article thumbnail News Release

Entertainment Industry Leader Jed Weitzman joins Logitix as Head of Music

Logitix

Logitix, the leader in live event ticketing technology and analytics, announced they have named Jed Weitzman as their Head of Music. Weitzman brings over 25 years of experience as an executive in the entertainment industry, specializing in talent management, technology, and ticketing. Through this newly created position, Weitzman will lead the music division for Logitix to optimize concert ticket sales through real-time data, dynamic pricing, and distribution. “Jed is one of the most respected leaders in our industry,” said Logitix CEO Stuart Halberg. “He has a proven track record of helping artists and promoters navigate their ticketing strategy and increase revenue. He is joining an all-star team at Logitix that continues to prove that we are the most trusted solution to optimize ticket sales for live events.” Before joining Logitix, Weitzman built the music division for Ticket Evolution and consulted for over 60 major concert tours. He worked directly with agencies, promoters, venues, and managers to create revenue. Earlier in his career, Weitzman oversaw world tours and licensing deals, working with many of the world’s top artists, including Prince, Dave Matthews, Billy Joel, Tom Petty & The Heartbreakers, James Taylor, Jane’s Addiction, and Morrissey. “Throughout my career, I have always taken the approach to consider the artist first,” said Weitzman. “There is nobody helping artists, teams, and promoters more in the ticketing space than Logitix. They represent the present and future of the ticketing industry, and I’m thrilled to lead their music division.” Weitzman’s career started in television, working on shows like Saturday Night Live and Late Night with Conan O’Brien before becoming a sought-after talent manager and TV development executive. He spent nearly 10 years managing careers of comedic talents, including Zach Galifianakis, Stephen Colbert, and Steven Carell. During his time at Brillstein Grey Entertainment, he worked with the writing and production staff of The Larry Sanders Show, Mr. Show, and The Dana Carvey Show. From Oct. 1 through Dec. 31, 2021, Logitix managed 2.4 million tickets that sold for over $300 million through teams across the NFL, NBA, and NHL, plus NCAA events and live event properties. Logitix optimizes ticket sale outcomes for all of its partners through proprietary dynamic pricing and distribution. Its unique platform analyzes millions of real-time data points, providing up-to-the-minute insights within the live event marketplace. About Logitix Logitix is the preeminent monetization engine and ticketing platform for the live event industry, combining optimized pricing, distribution, and inventory management with real-time insights to help sellers and buyers respond to a rapidly changing market environment. The Logitix vision is to automate the entire ticket life cycle and provide data-driven insights to serve the diverse needs of its clients. The company is backed by ZMC and is privately held. For more information about Logitix, visit Logitix.com or find them on LinkedIn. Contact Details Eric Nemeth nemeth@ericpr.com Company Website https://logitix.com/

January 12, 2022 11:03 AM Eastern Standard Time

Article thumbnail News Release

iTradeNetwork Introduces OrderMaestro — The Food Industry’s Best-In-Class E-Commerce Platform That Gives Foodservice Distributors a Competitive Advantage

iTradeNetwork

iTradeNetwork, the food and beverage industry’s largest network with over 8,000 food and beverage trading partners, is proud to announce the launch of OrderMaestro for distributors — a mobile e-commerce solution that automates and streamlines the ordering process for their customers. OrderMaestro enables distributors to create powerful loyalty programs, easily promote specific products, increase sales opportunities and deliver a best-in-class mobile ordering experience that customers love. Over the last 18 months, distributors have had to evaluate business operations to survive in an ever-changing foodservice climate. Small and independent restaurants have closed their doors for good, forcing distributors to pivot to find new customers and explore different channels for revenue. Meanwhile, COVID-19 has accelerated digital transformation and technology adoption by three to four years 1, pressuring distributors to quickly adapt to new technologies to meet customer needs. Customers are expecting more — and faster — than ever before. In order to compete with the thousands of distributors on the market, they need to deliver a seamless mobile ordering experience that will attract customers — and keep them coming back. Introducing OrderMaestro OrderMaestro is a branded e-commerce platform that catapults distributors into the digital age and allows them to do more with less. iTradeNetwork designed OrderMaestro to offer a personalized experience for customers. Distributors will not only grow sales revenue, but they will also provide an intuitive and scalable ordering experience for their customers. This best-in-class solution provides clear order guides across units, auto-generates orders from past purchases and offers configurable workflows to streamline purchase order (PO) approvals — but that scratches the surface of what OrderMaestro is capable of doing: Create Powerful Loyalty Programs That Attract and Engage Customers: Build a loyal customer base and increase revenue with in-app promotions. With OrderMaestro, distributors can create loyalty programs, drive volume to specific products, get rid of excess inventory quickly, run holiday and seasonal promotions and more. Gift Your Customers with Effortless Onboarding in an Easy-to-Use Mobile App: With widespread labor shortages, onboarding and ease-of-use is top of mind for distributors and their customers. OrderMaestro is simple to manage and requires no formal training — customers can submit POs from their mobile devices in minutes. 3-Touch “Scan-To-Search'' Smart Barcode Scanning: Now, customers can place an order or take inventory in as little as three taps. OrderMaestro’s barcode scanning and voice recognition functionality allow users to auto-populate product information right from their mobile devices. Collaborate In Real-Time and Increase Customer Satisfaction: With alerts, distributors can notify their customers about when to expect delays based on weather conditions, changes in account cut-off times and more. Gain Visibility into Customer Purchases, So You Can Grow Your Business: With barcode scanning and voice recognition technology, collect rich, comprehensive data on the products customers are purchasing from other suppliers. “In a very competitive foodservice distribution market, OrderMaestro is the key to differentiating yourself,” said Wills McMahon, senior product manager at iTradeNetwork. “Distributors will be able to increase sales through our in-app promotions while delivering a best-in-class mobile ordering solution to their customers. It’s a win-win.” The OrderMaestro mobile app is currently available for foodservice distributors on the Apple and Android app stores. About iTradeNetwork iTradeNetwork, Inc. is the leading global provider of supply chain management solutions for the food and beverage industry. Built upon deep industry expertise, a rich data foundation and the industries’ most extensive trading partner network, iTradeNetwork’s collaborative solutions allow distributors, manufacturers, operators, retailers, suppliers and wholesalers of all sizes to reduce cost, grow revenue and strengthen trading partner relationships. Today, iTradeNetwork’s growing customer list includes more than 8,000 companies globally. For more information, visit: https://www.itradenetwork.com/. 1 https://www.mckinsey.com/business-functions/strategy-and-corporate-finance/our-insights/how-covid-19-has-pushed-companies-over-the-technology-tipping-point-and-transformed-business-forever Contact Details Landis Communications Inc. Robin Carr +1 415-971-3991 itn@landispr.com Company Website https://www.itradenetwork.com/

January 12, 2022 06:02 AM Pacific Standard Time

Article thumbnail News Release

Altais Launches New Multi-Specialty Independent Medical Practice in Riverside, CA

Altais

Healthcare services company Altais today announced the launch of a state-of-the-art multi-specialty medical group in Riverside, California. The new Altais Medical Group Riverside will provide a wide range of specialties from primary care and obstetrics and gynecology to interventional cardiology for community members in Riverside County beginning in February 2022. The nearly 11,000-square-foot facility is located at 4646 Brockton Ave, Riverside CA 92506. Leading up to the official opening of Altais Medical Group Riverside’s offices, prospective patients and others can visit www.amgriverside.com for more information. Visitors can also sign up online to receive important news and updates about the group via email or text, including when they can register as a new patient and schedule an appointment with a physician. The new Altais Medical Group Riverside is founded on a patient-centric model of care and provides comprehensive primary and specialty care. Services provided include everything from routine check-ups to specialized cardiac, obstetric, gynecologic, urologic and gastroenterological care. “The doctors and our healthcare teams at Altais Medical Group Riverside are all seasoned professionals with a deep commitment to serving the Riverside community,” said Rodolfo Saenz, M.D., an obstetrician / gynecologist at the new Riverside office. “Altais Medical Group Riverside patients will benefit from having multiple specialists under one roof. At the same time, we are fully committed to collaborating closely with the referral and hospital network already in place here in the Inland Empire. We are confident that new patients will appreciate the quality of care and patient-centric approach we provide.” Altais is a healthcare services company creating business models and integrated, scalable technology solutions that enhance the patient experience, improve health outcomes, reduce cost, and drive professional gratification among physicians. Altais invests directly in physician practices, clinics and related business models. In 2020, Brown & Toland Physicians, a network of more than 2,700 independent physicians in the San Francisco Bay Area, joined the Altais family of companies. Los Angeles’ Family Care Specialists, one of the largest community-based and Latinx-led private medical groups in California, joined Altais in December 2021. Altais also has two independent primary care clinics serving essential civic employees and educators in the Monterey-Salinas market. Recent studies show the greater Riverside community may have a deficit of up to 1,000 physicians to serve a growing Riverside County population of well over 2 million residents. Altais Medical Group Riverside aims to address that shortage by providing a new model of independent practice that, in time, can serve to attract more healthcare professionals to the region. “Altais is proud to launch this new medical practice group in Riverside County,” said Jeff Bailet, M.D., president and chief executive officer for Altais. “Over the past decade, the healthcare field generally and the Riverside community in particular – has experienced unprecedented levels of physician burnout and early retirements. Independent physicians have been overwhelmed by the administrative demands of maintaining their practices. Altais’ mission is to focus on reversing that trend and provide independent physicians with the business practices and technologies that help them not just endure but thrive during this difficult period and beyond. We are excited to bring that vision of medical practice vibrancy to reality in Riverside.” * * * ABOUT ALTAIS Altais is a healthcare services company that helps physicians and the clinical community maximize the health and well-being of their patients in an affordable and sustainable way. Altais has two divisions. Altais Clinical Services offers a range of affiliation and employment models for physicians and high-quality, affordable care for patients. Altais Health offers a broad platform of clinical support tools and technology, along with high-touch support. Ultimately, Altais seeks to enhance the vibrancy of physician practice and strengthen the heart of medicine – physicians connecting with patients and providing personalized, high-quality care. For more information about Altais, please visit www.altais.com. # # # Media, please note: For interview and image requests, please contact Robin Carr at (415) 971-3991 or altais@landispr.com. Contact Details Landis Communications Inc. Robin Carr +1 415-971-3991 altais@landispr.com Company Website https://altais.com/

January 12, 2022 06:00 AM Pacific Standard Time

Image
Article thumbnail News Release

DealMaker announces new partnership with venture capital firm Wavemaker Labs

DealMaker

DealMaker, a data-driven capital raising technology platform, today announced a new partnership with Wavemaker Labs, a first-in-class global corporate venture studio and product development incubator focused on big data, artificial intelligence, and robotics. “We’re excited to formalize our work with Wavemaker through this partnership,” said Mike Werry, vice president of sales at Dealmaker, “Our collective success demonstrates the value our technology brings to organizations seeking to raise capital and illustrates how quickly our industry is changing. Progressive firms like Wavemaker are seeing the benefits of launching marketed, self-hosted raises for their clients.” Wavemaker will partner with DealMaker to help their clients raise additional capital after their own initial investment. The partnership began after Wavemaker achieved phenomenal success for their portfolio company, Miso Robotics, who leveraged the DealMaker platform to raise $30mm for their series C and D funding rounds. The partnership enables Wavemaker Labs to continue growing their portfolio companies and provide them with the right capital raising technology to scale effectively. Additionally, Wavemaker will continue to be a key advisory partner for DealMaker, using the insights from countless successful retail financings to shape future technology solutions. “Self-hosted raises equip our portfolio clients with expanded options to raise the capital they need to grow at scale while building community,” said Kevin Morris, CFO of Wavemaker Labs, “We are always looking to partner with disruptive companies like DealMaker. They are the best at what they do and their platform provides our clients with the tools they need for success.” +++ About DealMaker DealMaker is on a mission to create the most sophisticated capital markets tools on the planet, empowering capital to flow faster. It offers a suite of primary issuance, shareholder management, and capital raising solutions including investor ranking algorithms and data analytics tools to support all global private placements exemptions. Its innovative technology was designed to enable organizations to own and control exempt market raises to get the money they need, faster. DealMaker puts forward-thinking organizations in control to run streamlined, successful capital raises in one centralized platform. The company’s offices are located in Toronto, Canada and Tampa, Florida. Visit DealMaker.tech for more information. About Wavemaker Labs Wavemaker Labs is a food automation focused venture studio that builds disruptive technologies alongside corporate partners. Its lead investor, Wavemaker Partners, is a global venture capital fund with over $600 million of assets under management. Specializing in food and agriculture, Wavemaker Labs' goal is to help its partners think and execute like start-ups, and ultimately bring disruptive technology to market that advances their industry and business. Wavemaker has incubated and launched several robotics brands including Miso Robotics, Piestro, Bobacino and others. To learn more, visit https://www.wavemakerlabs.com. Contact Details Hot Paper Lantern Kristina Corso +1 908-278-6225 kcorso@hotpaperlantern.com Company Website https://www.dealmaker.tech/

January 12, 2022 09:00 AM Eastern Standard Time

Article thumbnail News Release

Exchange Listing Client, Siyata Mobile Inc., Secures $20M in Financing

Exchange Listing

Exchange Listing LLC announced that its client, Siyata Mobile Inc., (NASDAQ: SYTA, SYTAW) (“ Siyata ” or the “ Company ”), a B2B global vendor of next generation Push-To-Talk over Cellular (PoC) devices and cellular booster systems, announced the pricing and closing of its underwritten public offering of 8,695,652 common shares (or pre-funded warrants to purchase common shares in lieu thereof) and accompanying warrants to purchase up to 8,695,652 common shares at a unit price of $2.30 for a total gross proceeds of $20,000,000. Maxim Group LLC acted as sole book-running manager for the offering. Siyata Mobile Inc. is a leading global developer and provider of cellular communications solutions for enterprise customers, specializing in connected vehicle products for professional fleets and first responders, marketed under the popular Uniden® Cellular brand. Siyata plans to use the gross proceeds from the offering, approximately $20 million before deducting underwriting discounts and commissions and other expenses to repay a portion of its outstanding senior secured convertible promissory note, and for general corporate purposes including working capital, growth strategies, research and development, sales and marketing. “This is the start of another exciting chapter for Siyata Mobile Inc. as it leads the development of increasingly sophisticated next generation Push-to-Talk over cellular devices and booster systems to the global market,” explains Peter Goldstein, CEO, Exchange Listing who also serves as Chairman of the Board of Directors of the Company. “Exchange Listing has provided incredible value with its extensive network and capital market guidance. With the closing of this financing, Siyata Mobile can advance its leadership position,” affirms Marc Seelenfreund, Founder and CEO, Siyata Mobile Inc. “We are poised for continued market growth as a result of this offering.” Exchange Listing provides companies with cost-effective and efficient direct access to one-stop solutions in the strategic planning and implementation of listing and uplisting on senior exchanges such as the Nasdaq or NYSE. Focusing on company-specific structuring to meet listing requirements, Exchange Listing serves as the primary point of contact with the exchange, investment bankers and lawyers throughout the listing process. With extensive experience in investment banking, securities law, corporate governance and business management, Exchange Listing and its strategic partners facilitate clients' listing and capital markets objectives. About Exchange Listing Exchange Listing provides growth companies with direct access to a one-stop solution in the strategic planning and implementation of listing on a senior exchange such as NASDAQ or NYSE in a cost effective and efficient process. We assist clients in going public whether through an initial public offering, listing from another marketplace, merger or direct offering. We serve as the primary point of contact with the exchange, investment bankers, lawyers and other service providers. Our founders, strategic partners and advisors are entrepreneurs with backgrounds in investment banking, securities law, corporate governance and business management and have served as officers and directors of public and private companies. We pride ourselves in taking a hands-on role with our clients throughout the listing process. For more information, please visit: www.exchangelistingllc.com or contact info@exchangelistingllc.com. Contact Details WantLeverage Communications Julie Livingston +1 347-239-0249 julie@wantleverage.com Company Website https://exchangelistingllc.com/

January 12, 2022 08:11 AM Eastern Standard Time

Article thumbnail News Release

Foresight and SUNWAY-AI Collaborate to Commercialize Autonomous Technologies to the Chinese Agriculture Market

Foresight Autonomous Holdings Ltd.

Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) (“Foresight”), an innovator in automotive vision systems, announced today the signing of a multiphase business cooperation agreement with SUNWAY-AI Technology (Changzhou) Co., Ltd. (“SUNWAY”), a global Chinese manufacturer of autonomous and unmanned intelligent vehicle products. The first phase will consist of a proof of concept (POC) project in which SUNWAY will test the QuadSight® vision prototype system and evaluate Foresight’s technology and its further potential integration into SUNWAY’s products and services. Upon successful evaluation, the parties intend to enter into a partnership agreement, including collaborative projects to develop and commercialize solutions focused on the Chinese agriculture and heavy machinery markets. SUNWAY designs and develops autonomous farms in China, among other projects, and intends to incorporate Foresight’s stereo technology into its unmanned autonomous agricultural vehicles. “This cooperation agreement in China with SUNWAY, a leading automotive-related manufacturer and integrator, opens the door to the growing market of automated machines and autonomous agriculture. This opportunity has the potential to enhance our footprint in the Chinese market by expanding our solution offerings. Our advanced 3D vision technologies, and particularly our thermal stereo vision system, address detection challenges that are caused by dust and fertilizer particles, harsh weather and lighting conditions, potentially bringing added value to automated machines and autonomous agriculture,” stated Haim Siboni, Chief Executive Officer of Foresight. About SUNWAY-AI Technology Sunway-AI Technology (Changzhou) Co., Ltd. focuses on research and development, design, manufacturing and sales of intelligent vehicle technology and products. The company's employees include technicians from the Institute of automation of the Chinese Academy of Sciences, Tsinghua Automobile Research Institute, BAIC and China automobile. SUNWAY’s technologies and products can be applied to autonomous vehicles, unmanned logistics and transportation vehicles and unmanned commercial vehicles. Commercial cooperation to date includes well-known domestic enterprises such as XCMG group, Liugong group and Shenzhen airport. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as "expects," "anticipates," "intends," "plans," "believes," "seeks," "estimates" and similar expressions or variations of such words are intended to identify forward-looking statements. For example, Foresight is using forward-looking statements in this press release when it discusses the business cooperation agreement between the parties, the potential for a future partnership agreement, that the agreement opens the door to the growing market of automated machines and autonomous agriculture and the potential for it to enhance its footprint in China. Because such statements deal with future events and are based on Foresight’s current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of Foresight could differ materially from those described in or implied by the statements in this press release. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading "Risk Factors" in Foresight's annual report on Form 20-F filed with the Securities and Exchange Commission ("SEC") on March 30, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, Foresight undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Foresight is not responsible for the contents of third-party websites. About Foresight Foresight Autonomous Holdings Ltd. (Nasdaq and TASE: FRSX) is a technology company developing smart multi-spectral vision software solutions and cellular-based applications. Through the Company’s wholly owned subsidiaries, Foresight Automotive Ltd. and Eye-Net Mobile Ltd., Foresight develops both “in-line-of-sight” vision systems and “beyond-line-of-sight” accident-prevention solutions. Foresight’s vision solutions include modules of automatic calibration, sensor fusion and dense 3D point cloud that can be applied to diverse markets such as automotive, defense, autonomous vehicles and heavy industrial equipment. Eye-Net Mobile’s cellular-based solution suite provides real-time pre-collision alerts to enhance road safety and situational awareness for all road users in the urban mobility environment by incorporating cutting-edge AI technology and advanced analytics. For more information about Foresight and its wholly owned subsidiary, Foresight Automotive, visit www.foresightauto.com, follow @ForesightAuto1 on Twitter, or join Foresight Automotive on LinkedIn. Contact Details Investor Relations Contact: Miri Segal-Scharia, CEO, MS-IR LLC +1 917-607-8654 msegal@ms-ir.com Company Website https://www.foresightauto.com/

January 12, 2022 08:10 AM Eastern Standard Time

Article thumbnail News Release

McDade Products, LLC and G Medical Tests Secure Additional Purchase Order for $6.5 Million, Reflecting $3.5 Million Gross Margin, to be Delivered in Q1

G Medical Innovations Holdings

PITTSBURGH, PA – McDade Products, LLC and G Medical Tests and Services, a division of G Medical Innovations Holdings Ltd. (NASDAQ: GMVD), today announced an additional $6.5 million purchase order for two million COVID-19 PCR collection test kits. G Medical will be selling these units wholesale for $3.25 each, reflecting a gross profit of approximately $3.5 million. Additionally, G Medical expects to be paid an average of $85.00 per test through each patient’s insurance. “McDade is pleased to be expanding upon its existing purchase order so quickly and expects to be ordering a further seven million test kits in the next thirty days.” These orders seem to come at a pertinent moment with the Biden Administration recently requiring that private insurers pay for a minimum of eight COVID 19 test kits per person per month starting January 15 th. G Medical Tests and Services is delighted to provide McDade with current and future purchase orders. Visit https://www.mcdadegrp.com/ to place orders for the LiveNow PCR Collection Kits. About McDade Group Founded in 1994, McDade Group is a growing and dynamic sales, marketing, and distribution services company headquartered in Pittsburgh, PA. The company has expanded to provide solutions in distribution, category management, full-service merchandising, and consulting across the U.S. retail industry. Many of the world’s leading CPG manufacturers rely on the ability of McDade Group to build strong industry relationships and deliver services, insights, and expertise for hundreds of their products. Visit: https://www.mcdadegrp.com/ or LinkedIn: https://www.linkedin.com/company/mcdade-group/. About G Medical Innovations G Medical Innovations Holdings Ltd. is an early commercial stage healthcare company engaged in the development of next generation mHealth and telemedicine solutions and monitoring service platforms. The Company’s solutions and services can empower consumers, patients and providers to better monitor, manage and improve clinical and personal health outcomes, especially for those who suffer from cardiovascular disease (or CVD), pulmonary disease and diabetes. The Company’s current product lines consist of its Prizma medical device (or Prizma), a clinical grade device that can transform almost any smartphone into a medical monitoring device enabling both healthcare providers and individuals to monitor, manage and share a wide range of vital signs and biometric indicators; its Extended Holter Patch System, a multi-channel patient-worn biosensor that captures electrocardiography (or ECG) data continuously, including its QT Syndrome Prolongation Detection Capabilities Patch. In addition, the Company is developing its Wireless Vital Signs Monitoring System (or VSMS), which is expected to provide full, continuous and real time monitoring of a wide range of vital signs and biometrics. Its monitoring services include provision of Independent Diagnostic Testing Facility (or IDTF) monitoring services and private monitoring services. Visit https://gmedinnovations.com/. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995 and other Federal securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Because such statements deal with future events and are based on G Medical’s and McDade Products’ current expectations, they are subject to various risks and uncertainties, and actual results, performance or achievements of G Medical and McDade Products could differ materially from those described in or implied by the statements in this press release. For example, G Medical is using forward-looking statements when it discusses delivery of purchase orders and anticipated gross profits. The forward-looking statements contained or implied in this press release are subject to other risks and uncertainties, including those discussed under the heading “Risk Factors” in G Medical’s prospectus filed pursuant to Rule 424(b)(4), filed with the Securities and Exchange Commission (“SEC”) on June 28, 2021, and in any subsequent filings with the SEC. Except as otherwise required by law, the companies undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. G Medical and McDade Products are not responsible for the contents of third-party websites. Investor Relations CONTACT: G Medical Innovations Kobi Ben-Efraim, CFO +972 8-958-4777 service@gmedinnovations.com Contact Details Kobi Ben-Efraim, CFO +972 8-958-4777 service@gmedinnovations.com Company Website https://gmedinnovations.com/

January 12, 2022 07:00 AM Eastern Standard Time

1 ... 508509510511512 ... 636