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Cordiant Digital Infrastructure targets future growth with innovative tech investments

Cordiant Digital Infrastructure Ltd

Cordiant Capital CEO and managing partner Benn Mikula provides insight into the evolving landscape of digital infrastructure, underlining the significant impact of social and technological changes. Through Cordiant Digital Infrastructure Ltd (LSE:CORD), Cordiant Capital invests in the essential components of the internet’s infrastructure, including fibre optic cabling, mobile towers, and data centres, which Mikula describes as the internet's "plumbing". These elements are integral to the transmission of data across an international network. Despite the complex and energy-intensive nature of this infrastructure, it facilitates global communication, exemplified by the potential routing of the interview through a data centre in New York. Mikula highlights several trends affecting digital infrastructure: the need for expansion due to network congestion and regulatory impacts, the installation of 5G technology requiring denser network coverage, and the surge in demand for advanced data centres driven by artificial intelligence. Cordiant Digital Infrastructure’s approach to investment is a "buy, build and grow" strategy, focusing on acquiring platforms with existing customers and expanding them, often pre-leased to reputable or governmental clients. The company successfully deployed its initial fund and plans to raise a second, targeting high-growth opportunities within digital infrastructure. Mikula also discusses innovative solutions to contemporary challenges, such as leveraging existing sites for new data centres to minimise environmental impact and investing in renewable energy sources. Looking forward, Cordiant Digital Infrastructure sees continued investment potential in towers, edge data, interconnect data centres, and backbone fibre networks, particularly in Europe and the United Kingdom, where the middle market offers attractive entry points and investment returns. Contact Details Proactive UK Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 18, 2024 08:48 AM Eastern Daylight Time

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accesso CEO unveils massive 2023 wins and plans for more growth

Accesso Technology Group PLC

Accesso Technology Group PLC (AIM:ACSO, OTC:LOQPF) chief executive Steve Brown discussed the company's strong 2023 performance with Proactive's Stephen Gunnion. The year was marked by significant achievements including surpassing profitability targets and attaining nearly $150 million in revenue. Key developments included three strategic acquisitions aimed at expanding the company’s global footprint. These acquisitions introduced new opportunities with companies like VGS in Milan and Paradocs in Canada, enhancing Accesso's market presence. In 2023, accesso secured 28 new venues and expanded its services to 273 additional venues through these acquisitions, which also incorporated 50 ski resorts in Canada, making it the largest provider of ski technology in North America. The company's growth drivers included increased sales penetration and transaction counts across existing venues. Looking ahead, Brown highlighted accesso's focus on improving profit margins by enhancing revenue efficiency and scrutinising low-margin revenue streams. Furthermore, the company has recently made a significant entry into the Saudi Arabian market through a partnership, building on the acquisition of VGS, which has been rebranded as Accesso Horizon. Brown also discussed the launch of 'Freedom', a new platform for restaurant and retail operations, which has already seen considerable uptake. For 2024, Brown mentioned the possibility of more acquisitions, supported by a strong balance sheet and cash position. The company forecasts revenues of around $160 million with a cash EBITDA margin of 17%, anticipating another robust year. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 18, 2024 08:35 AM Eastern Daylight Time

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Learning Technologies reports steady performance amid economic challenges

Learning Technologies Group PLC

Learning Technologies Group PLC chief executive Jonathan Satchell takes Proactive's Stephen Gunnion through the company's 2023 financial results, which reveal a slight revenue decline but rising profitability. Despite the economic challenges, the company maintained strong cash flow and increased its dividend by 5% to 1.2 pence. Satchell highlighted the resilience of the company's long-term and SaaS contracts, which helped sustain performance amidst reduced corporate spending on employee development. Operational achievements included retaining all client contracts above $10 million. The company saw some revenue declines due to reduced discretionary spending but reported growth in US government contracts and expansions in Latin America and the Middle East. Another highlight was GP Strategies, which has more than doubled profits since it was acquired in 2021, benefiting from a commercial transformation program that improved margins without impacting customer service. Satchell also noted the sale of Lorien Engineering, aligning with the company's focus on learning and talent development. This strategy, alongside prudent financial management, positioned the company well in the tough economic climate. For 2024, the company anticipates revenues similar to 2023, with continued emphasis on acquisitions and leveraging AI in learning tools to enhance operational efficiency and data insights. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 18, 2024 08:31 AM Eastern Daylight Time

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From Providing Cutting-Edge AI Traffic Management Tech To Helping Manage It – Iteris Could Be Key Ally For Government Agencies Revolutionizing America’s Roadways

Benzinga

By Austin DeNoce, Benzinga Urban mobility and the network of traffic management solutions underpinning it, face several challenges, ranging from traffic signal inefficiencies to safety risks. Put simply, the current roadway system is largely outdated. Amid this landscape, the infrastructure management company Iteris Inc. (NASDAQ: ITI) is bringing the American transportation system into the modern age through smarter, safer and more sustainable urban mobility solutions. The company’s suite of technologies and domain expertise are helping enhance traffic flow, increase road safety and minimize carbon emissions. One of the most exciting ways Iteris is accomplishing this is through its expertise in signal performance. The Advantages Of Improving Signal Performance Optimizing traffic signal performance yields substantial benefits across multiple areas of urban mobility. By honing signal timing and coordination, Iteris says it can help significantly mitigate traffic congestion to enhance the overall flow of traffic. This would directly contribute to heightened road safety because well-optimized signals can reduce the frequency and severity of intersection-related accidents. Smoother traffic flow also translates into less stop-and-go driving, which in turn lowers vehicle emissions. Such advancements are significant in the push toward sustainable urban environments, where air quality and carbon footprint are a growing concern. Overall, Iteris' initiatives in signal performance optimization embody a holistic approach to addressing speed and safety challenges related to urban traffic, while also leading to major reductions in emissions. ClearGuide And Signal Trends The recent introduction of Iteris’ ClearGuide Signal Trends marked a pivotal advancement in traffic light management technology. Utilizing data from cloud-connected vehicles, Signal Trends identifies issues at traffic signals without the need for additional hardware, streamlining the process for traffic managers to locate and address malfunctions swiftly. This innovation not only accelerates improvements – leading to reduced wait times for drivers and overall satisfaction – but also integrates seamlessly with existing Iteris tools to bolster traffic flow efficiency. By leveraging anonymized vehicle data, Signal Trends offers a comprehensive overview of traffic light performance across various regions. This capability aims to ensure that cities can proactively address signal-related delays and prioritize repairs or adjustments based on real-time data, bypassing traditional, costly data collection methods. With its nationwide application, Signal Trends aims to provide significant enhancement in traffic management strategies, fostering a smoother and safer driving experience. Support For Transportation Agencies Iteris also focuses on delivering managed services that utilize its cutting-edge technology, including its proprietary ClearGuide software, to enhance traffic flow and safety across urban landscapes. By monitoring and analyzing traffic data, Iteris’ congestion management service proactively spots and rectifies traffic-related issues, thereby mitigating congestion and facilitating smoother, safer commutes. This approach is particularly relevant during highway construction projects, where it ensures optimal traffic signal timing and uninterrupted traffic flow. Beyond congestion management, Iteris aids transportation agencies in managing their technology assets, improving the performance and reliability of traffic sensors and signals. Significant contracts such as a $6 million agreement with the Illinois Department of Transportation and a $9.6 million deal with the Orange County Transportation Authority underscore Iteris' ongoing role in elevating urban mobility by refining traffic signal timing with the aid of ClearGuide technology. These partnerships highlight Iteris’ commitment to advancing safety, efficiency and sustainability across regions, as well as the growing demand for its solutions. Successful implementations in regions like Lake Forest, CA, Arizona and Southern California further highlight Iteris' dedication to fostering smart mobility solutions nationwide. In fact, Iteris even provides consulting services to assist agencies in crafting strategic plans for signal timing optimization. Together, these initiatives make Iteris a key ally for agencies in potentially transforming traffic management practices and endorsing safer, more efficient transportation systems nationwide. Leading The Way In Smart Mobility Solutions Iteris continues to redefine the limits of traffic management through its ongoing innovation and dedication to improving urban mobility. By integrating advanced technologies like ClearGuide Signal Trends with its managed and consulting services, Iteris says it is addressing today's traffic challenges while paving the way for the future of smart mobility solutions. The company has a clear vision of safer, more efficient and sustainable traffic systems worldwide and a robust portfolio of services to back it up. Featured photo by Mark Boss 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

April 18, 2024 08:30 AM Eastern Daylight Time

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FiscalNote (NYSE: NOTE) Strategic Review In Focus As Board.org Divested For $103 Million Or 7x Sales, Company Surpasses Adjusted EBITDA Guidance

Benzinga

By Austin DeNoce, Benzinga FiscalNote (NYSE: NOTE) is a leading provider of policy and global intelligence insights that operates through a blend of data and technology. The company was founded in 2013 and has been at the forefront of offering essential tools and insights for strategic decision-making ever since. FiscalNote has a global presence catering to an extensive client base, including names like CQ, FrontierView, Oxford Analytica and VoterVoice. The company recently shared its fourth-quarter and full-year financial results that shed more light on its performance and the direction it is headed in 2024. Strategic Review Following the announcement of FiscalNote’s formation of a Special Committee in November and receipt of inbound interests, the Board along with their advisors commenced a strategic review process to evaluate all strategic options available to the company. Strategic reviews aim to maximize shareholder value. Fourth Quarter Financial Highlights FiscalNote's financial performance in the fourth quarter showcased its growth trajectory toward profitability. The company reported a 9% increase in revenue totaling $34.3 million, which was largely driven by its proprietary Security Intelligence and Analysis Service (SIAS) subscription platform and in line with its November 2023 guidance. The company also reported a gross profit of $28.3 million with a gross margin of 83% on a non-GAAP basis. Adjusted EBITDA was $3 million, surpassing the guided figure of approximately $2.5 million and marking a 157% year-over-year increase from a loss of $5.2 million in the fourth quarter of 2022. FiscalNote reported a GAAP net loss of $51 million for the quarter, which represented an improvement over the previous year. Other operational metrics for the fourth quarter included a 10% increase in run-rate revenue to $140 million, with organic run-rate revenue rising 4% to $130 million. Meanwhile, annual recurring revenue increased by 11% to $126 million, with organic ARR of $119 million; a 6% increase. Finally, the revenue retention rate for the quarter was 99%. Full-Year 2023 Results And Highlights In 2023, FiscalNote reported a 17% increase in revenue to $132.6 million, largely fueled by an 18% increase in subscription revenue, which accounted for 90% of the total. Although the company recorded a net loss of $115.5 million for the year, this was partly due to $72.8 million in net non-cash items – expenses like depreciation and stock-based compensation that don't involve actual cash outflow. The company also narrowed its adjusted EBITDA loss to $7.5 million from a $24.5 million loss in 2022. In terms of operational highlights, FiscalNote took meaningful steps to solidify its leadership in global policy and market intelligence, achieving milestones such as securing contracts with major U.S. and global brands, expanding its public sector footprint and enhancing partnerships with influential trade associations and advocacy groups. The company also focused on operational efficiency, implementing a cost reduction plan that saved approximately $25 million. Significant strategic initiatives for the year included collaborations with OpenAI and other tech giants, the expansion of its global policy coverage to over 80 countries and the acquisition of Dragonfly, a provider of geopolitical intelligence. FiscalNote launched AI products to enhance policy and risk management workflows, expanded its patent portfolio and received several awards for its SaaS solutions. Sale Of Board.org In addition to its financial results, another significant development from FiscalNote was its sale of the peer-to-peer executive community platform Board.org to Executive Platforms for total consideration of $103 million, including $95 million in cash. Board.org was a non-core, separately run business from FiscalNote. The transaction allows FiscalNote to significantly deleverage its capital structure by reducing senior debt and it highlights the significant value implied by the look-through multiple from Board.org. CEO Tim Hwang said it was a demonstration of FiscalNote's undervaluation in public markets and its ability to deploy capital and drive returns. The sale of Board.org represented roughly 10% of FiscalNote's full-year 2023 revenue and was executed as a strategic step to concentrate on its core expertise in policy, regulatory and geopolitical intelligence as it further expands its AI-enabled intelligence solutions. FiscalNote's March Forward FiscalNote's recent financial results and the strategic sale of Board.org illustrate the company's ongoing efforts to optimize its operations and focus on its core competencies. By streamlining its product strategy and strengthening its balance sheet, FiscalNote argues that it is positioning itself for sustainable growth and continued innovation in the policy and global intelligence sectors. As the company moves forward, it remains committed to leveraging AI and technology to provide actionable insights, with a clear focus on enhancing profitability and operational efficiency. Featured photo by Aditya Joshi 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

April 18, 2024 08:25 AM Eastern Daylight Time

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ToolsGroup Reimagines Supply Chain Decisions: Unveiling Decision Hub and GenAI-Assisted Planning at Hannover Messe

ToolsGroup

ToolsGroup, a global leader in supply chain planning software, is set to unveil its latest innovations in decision-centric planning at Hannover Messe. As a pioneer in adopting AI-driven solutions that enable supply chain executives to navigate uncertainty, ToolsGroup has long been on the cutting edge, enabling smarter, faster decisions that drive profit. With the release of Decision Hub, ToolsGroup now makes continuous, collaborative and asynchronous decision-making in response to supply chain volatility simple. Supply chain leaders face unprecedented and increasing supply chain disruptions. They need a more effective and efficient way to evaluate options, mitigate risks, and exploit opportunities as situations arise. Decision Hub transforms traditional supply chain decision-making by bringing together the right stakeholders at the right time, armed with the right information to make better decisions faster. Rather than struggling to find a time for a meeting or collaborating piecemeal in chats and a rapidly expanding email thread to make delayed decisions informed by outdated and cobbled-together data, supply chain executives can leverage Decision Hub to collaborate asynchronously in a virtual situation room, run multiple scenarios, evaluate potential impacts, and decide on the most profitable response. ToolsGroup is revolutionizing customer productivity and value delivery through GenAI, reshaping the user experience within the SO99+ suite. This cutting-edge chatbot, integrated as a beta solution, integrates Microsoft AI Services, including Azure OpenAI Service in addition to Azure Kubernetes Service to offer unprecedented visibility into ToolsGroup’s proprietary engines’ autonomous decisions. Available for testing at Hannover Messe, it allows users to harness Natural Language Processing to interact with the solution effortlessly. This ensures seamless alignment with business objectives and facilitates critical decision-making. As the feature evolves, users will effectively have an SO99+ expert at their fingertips. These innovations lay the groundwork for ToolsGroup’s vision of decision-centric planning. "Today, data latency, poor collaboration, and rigid decision-making processes all work against companies trying to make the right decisions in the face of uncertainty. Supply chain leaders must collaborate seamlessly and respond in real-time to critical events, adapting production and distribution plans to changes in demand and supply. Decision Hub reimagines this process, innovating decision collaboration for the speed of today’s supply chain,” said Robert Kaufholz, Senior VP of Product Management at ToolsGroup. “We are thrilled to unveil our latest innovations for true decision-centric planning with Microsoft at Hannover Messe. Together we are helping customers transform their businesses and are delivering impactful, human-centered solutions to the market.” Dominik Wee, Corporate Vice President, Manufacturing and Mobility at Microsoft added, “Microsoft AI capabilities provide ToolsGroup access to powerful language models, effortlessly tailored to specific tasks. This integration enables ToolsGroup to provide solutions that ensure seamless coordination between business goals and human-focused solutions.” Find out more about ToolsGroup’s solutions for manufacturing here. Join ToolsGroup at Hannover Messe to experience firsthand how Decision Hub and GenAI are reshaping the future of the supply chain - Find us in the Microsoft Booth, Hall 17 Stand G06, April 22-26. Book a meeting with our experts. About ToolsGroup ToolsGroup’s innovative AI-powered solutions enable retailers, distributors, and manufacturers to navigate through supply chain uncertainty. Our supply chain planning suites empower a new level of intelligent decision-making and unlock powerful business improvements in forecast accuracy, service levels, and inventory - delighting customers and achieving financial and ESG KPIs. Stay in touch with ToolsGroup on LinkedIn, Twitter, YouTube, or visit www.toolsgroup.com. Contact Details Meir Kahtan +1 917-864-0800 mkahtan@rcn.com Company Website https://www.toolsgroup.com

April 18, 2024 08:00 AM Eastern Daylight Time

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Adobe's New Acrobat AI Assistant

News Media Group, Inc.

Contact Details News Media Group, Inc. Karl Wayne +1 334-440-6397 karl@newsmg.com Company Website https://newsmg.com/

April 18, 2024 07:00 AM Eastern Daylight Time

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HTX Participates as Sponsor in Blockchain Life 2024 Dubai, Driving Conversations on Cryptocurrency Adoption

HTX

HTX, a leading global cryptocurrency exchange, secured a prominent presence as a registration sponsor and a sapphire sponsor at Blockchain Life 2024 held in Dubai, United Arab Emirates from April 15 to 17. The decade-long exchange is committed to fostering innovation and development within the blockchain space. This strategic sponsorship not only allowed HTX to demonstrate its brand strength but also served as a platform to connect with a global audience of crypto enthusiasts and entrepreneurs, facilitating the widespread adoption of cryptocurrencies. HTX's professional and forward-thinking image resonated with attendees, garnering significant attention throughout the event. Additionally, HTX VIP Client Services Head Charmaine was invited to participate in theme-based panel discussions, where she engaged with industry experts to explore current trends, challenges, and prospects in the cryptocurrency market. On April 15, in a panel titled "Conductors in the World of Cryptocurrencies: What Top Exchanges Think about 2024?", Charmaine highlighted the burgeoning growth of DeFi, NFTs, metaverse, and AI over the past two years and the emergence of innovative technologies and projects, particularly within the early-stage AI sector. She also expressed that HTX, as a leading exchange, recognizes its responsibility to drive the development of these sectors. According to Charmaine, HTX outlined its plans to foster collaboration with developer communities, organize hackathons, and identify promising projects at an early stage. The exchange further pledged to support these premium projects through facilitated listings, expedited market entry, and strategic guidance for operational and market expansion – all aimed at propelling the Web3 ecosystem forward. Addressing security concerns, Charmaine emphasized HTX's commitment to user protection. The exchange leverages Merkle tree proof of reserves and third-party custody services such as Fireblocks to deliver a comprehensive security framework, ensuring a trusted trading environment. Additionally, a series of HTX-hosted events will take place in Dubai to connect with top ecosystem partners and projects in the industry, media friends, and the blockchain community. This includes “Core's Bitcoin Social Afterparty” hosted by Core Foundation and HTX Ventures, and an exclusive meetup with HTX’s key market makers in Dubai. Held on April 18, the highly anticipated HTX Dubai Whale Night will take place at an avant garde urban playground, Papa Dubai. Sponsored by DeepLink, a decentralized AI cloud gaming protocol, the theme of the event is "Innovators Unite, Pioneering the Frontier" and notable attendees include H.E. Justin Sun, a member of HTX Global Advisory Board, Edward, HTX Ventures Managing Partner, and Park JiHye, DeepLink CSO, who will each deliver a speech on the development of the cryptocurrency industry. Dubai, as a leading hub for global blockchain development, serves as a testament to HTX's global vision and confidence in the crypto market. HTX's active participation in Blockchain Life 2024 served as a springboard for extensive dialogues with policymakers, industry leaders, and global crypto communities, further solidifying its influence in the cryptocurrency space. Moving forward, HTX remains committed to proactive dialogue with the industry to explore innovations and collaborations on driving global adoption and application of cryptocurrencies and shape a more open and interconnected Web3 ecosystem. 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/

April 18, 2024 05:36 AM Eastern Daylight Time

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Bitcoin's 4th Halving Is Approaching! Vie for 30,000 USDT in HTX's Bitcoin Halving-Themed Trading Contest

HTX

The 4th Bitcoin halving event is expected to occur on April 20, after which mining rewards will be reduced from 6.25 BTC to 3.125 BTC per block. Currently, the crypto market is unstable, with Bitcoin price hovering around the $63,000 mark. To commemorate this momentous occasion, HTX is rolling out a Bitcoin Halving-Themed Trading Contest! Traders can compete for a share of the 30,000 USDT prize pool by engaging in spot, futures, or margin trading of BTC-related cryptocurrencies. As per HTX's official announcement, the event kicked off at 12:00 (UTC) on April 17. Traders can split a prize pool of 30,000 USDT by trading BTC, BCH, LTC, ETC, and CORE in spot, futures, or margin. The event, comprising a Spot & Margin Trading Contest and a Futures Trading Contest, is scheduled to last for eight days, starting from 12:00 (UTC) on April 17 until 12:00 (UTC) on April 25. Event 1: [Spot & Margin Trading Contest] Trade Designated Cryptos in Spot to Split 5,000 USDT Trading BTC, BCH, LTC, ETC, and CORE in spot and margin during the event period, participants are eligible to share the 5,000 USDT prize pool based on their spot and margin trading volumes. Moreover, users engaging in margin trading for BTC/USDT, BCH/USDT, LTC/USDT, ETC/USDT, and CORE/USDT will have their trading volume multiplied by 2 times for this event. Throughout the event, users who visit the event page on any given day will be automatically enrolled in the event, and their trading volume during the event period will be calculated. Failure to do so will disqualify users from receiving any rewards. Event 2: [Futures Trading Contest] Trade Futures on Designated Cryptos to Split 25,000 USDT During the event, participants trading USDT-M futures on designated cryptos (including futures copy trading) can share a prize pool of 25,000 USDT in Futures Trial Bonuses based on their cumulative futures trading volume rankings. Refer to the following table for details. The 1st place winner will secure a reward of 5,000 USDT in futures trial bonuses. Users need to click Register Now to participate in the Futures Trading Contest. The total prize pool of this event is set at 30,000 USDT. Rewards will be credited to winners' HTX accounts within 14 working days after the end of the event. While continuing to provide a secure and diverse trading experience, HTX is committed to offering new opportunities for wealth growth to users worldwide by following industry events closely. https://www.htx.com.ec/support/en-us/detail/64967651911076 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/

April 18, 2024 03:41 AM Eastern Daylight Time

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