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

HackaTRON Season 7 Launches With Google Cloud as Diamond Sponsor, Celebrates Successful Kickoff at Bitcoin Nashville

TRON DAO

Geneva, Switzerland, July 29, 2024 - TRON DAO, along with co-hosts HTX DAO, BTTC, and JustLend DAO, proudly announces the launch of HackaTRON Season 7, with submissions open until October 23. Following a successful launch party at Bitcoin 2024, this season promises a series of engaging events and innovative competition tracks. Participants will have access to leading crypto VCs - TRON DAO Ventures and HTX Ventures, connect with a broad network of industry collaborators, and gain visibility among leading venture capital firms. HackaTRON Season 7 Tracks Season 7 includes five different tracks: Web3: Shape the next evolution of the internet with contributions that bridge the gap to a decentralized future. Artistry: Redefine entertainment by merging blockchain technology with gaming and NFTs, exploring new horizons for creators. DeFi: Craft the next DeFi project that makes financial services more accessible. Builder: For returning projects on TRON/BTTC that have significant updates. Integration: A new track inviting the integration of protocols, dApps, or services to enrich the TRON ecosystem. It’s an open call for developers to leverage the TRON network’s capabilities. Prize Pool Details HackaTRON Season 7 features a substantial prize pool totaling up to $650,000, which includes $500,000 in TRX, TRON's native utility token, and $150,000 in energy prizes. The energy component helps subsidize network fees, making blockchain interactions smoother and more efficient for users. The prize distribution, determined by both judge and community voting per track, is as follows: Judge-Selected Qualifiers 1st Place: $25,000 in TRX* 2nd Place: $15,000 in TRX* 3rd Place: $10,000 in TRX* 4th Place: $8,000 in TRX* 5th Place: $6,000 in TRX* Community-Selected Winners 1st Place: $7,000 in TRX* 2nd Place: $6,000 in TRX* 3rd Place: $5,000 in TRX* 4th Place: $4,000 in TRX* 5th Place: $3,000 in TRX* Additionally, there are various bonus prizes and special awards that contribute to the total prize pool of $500,000 in TRX. These bonuses recognize outstanding achievements and contributions in specific areas, encouraging diverse and innovative solutions. *All prizes are issued in TRX or TRON network Energy, not USD, restrictions applied. Sponsors Spotlight Diamond Google Cloud is the new way to the cloud, providing AI, infrastructure, developer, data, security, and collaboration tools built for today and tomorrow. Google Cloud offers a powerful, fully integrated and optimized AI stack with its own planet-scale infrastructure, custom-built chips, generative AI models and development platform, as well as AI-powered applications, to help organizations transform. Google Cloud will provide cloud service to HackaTRON S7 and partners. Gold Mobilum is a financial technology company providing various payments and banking solutions to bridge the traditional finance and web3 world. Mobilum's core mission is to make cryptocurrencies more accessible, spendable and ubiquitous in our daily lives Pentagon Games is a ZkEVM chain game publisher powering XR metaverse through deep learning and Web3. Their vision is to create immersive experiences that go beyond traditional gaming, incorporating elements of AI, AR, VR, and ZK Proof EVM blockchain technology to offer a truly integrated and interactive environment for players. GT-Protocol is a Web3 AI execution technology that provides users with access to CeFi, DeFi, and NFT crypto markets through an all-in-one conversational AI interface. Additional sponsors will be announced in the coming weeks. Stay tuned for updates. Key Dates to Remember HackaTRON S7 Submission Period: July 25 - Oct 8 Judging & Community Voting Period: Oct 24 - Oct 31 Winners Announcement: Nov 13 Demo Week: Nov 18 - Nov 22 Projects on Mainnet: Dec 3 Successful HackaTRON S7 Launch Party at Bitcoin 2024 Nashville On July 25th, The Vū Nashville, located at the iconic Movie Studio, hosted the HackaTRON Season 7 Launch Party. This event marked the commencement of HackaTRON Season 7, immersing attendees in the vibrant, cyberpunk world of TRON. The unforgettable evening featured live music, a DJ, and three hours of complimentary drinks and light bites. Guests also had the exclusive opportunity to explore the TRON merch shop. Special thanks to the HackaTRON Season 7 sponsors for making this event possible. Join Us in Shaping the Future To learn more about HackaTRON Season 7 prizes and rules and to register, please visit HackaTRON S7. 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 July 2024, it has over 244 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 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 Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

July 30, 2024 12:56 AM Eastern Daylight Time

Image
Article thumbnail News Release

BrandPilot AI Launches Spectrum IQ to Revolutionize Influencer Marketing and Prepares for US Listing

BrandPilot AI Inc

BrandPilot AI CEO Brandon Mina joined Steve Darling from Proactive to announce the launch of Spectrum IQ, an innovative web application designed to streamline the influencer marketing process for brands of all sizes. Spectrum IQ is a comprehensive platform that allows clients to search, analyze, and execute influencer marketing campaigns efficiently. It is a powerful tool that leverages AI technology to help brands identify the right influencers for their campaigns and track the results in real-time. Mina explained that the new platform enables brands to search for influencers based on various criteria, including demographics, interests, and engagement rates. Users can access detailed influencer profiles that offer performance data and audience insights, facilitating the management of influencer campaigns from start to finish. This includes sending briefs, tracking progress, and measuring results, making it easier for brands to optimize their marketing strategies. In addition to the launch of Spectrum IQ, BrandPilot AI has also announced that it has begun the initial filing of documentation for listing on the OTC Markets in the United States. The company anticipates that the listing process will be completed within the next 4-6 weeks. Once the listing is finalized, BrandPilot AI will commence its operations in the US under the symbol BPAIF on the OTC. This dual announcement marks a significant milestone for BrandPilot AI as it expands its presence in the influencer marketing industry and prepares to enter the US market. The launch of Spectrum IQ, combined with the upcoming OTC listing, positions the company for growth and increased visibility in the rapidly evolving digital marketing landscape. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 29, 2024 11:21 AM Eastern Daylight Time

Video
Article thumbnail News Release

Pathfinder Minerals becomes Rome Resources with Merger and New Exploration Plans in the DRC

Rome Resources Ltd

Paul Barrett, the newly appointed CEO of Rome Resources and formerly the Executive Director of Pathfinder Minerals, spoke with Steve Darling from Proactive about Pathfinder Minerals' recent strategic moves. Previously operating as a cash shell company, Pathfinder Minerals disposed of its asset in Mozambique and has been actively searching for a new venture. The company has now merged with Rome Resources, which owns a high-grade tin project located in the Democratic Republic of Congo (DRC). Barrett revealed that the merged entity will operate under the name Rome Resources and is scheduled to be listed on AIM with the ticker RMR on Friday, July 26th. The new entity is raising £4 million in conjunction with the merger and plans to commence drilling activities within a week. The Bisie North Tin Project, managed by a team of experienced geologists, will explore two tin anomalies, including a significant polymetallic anomaly containing copper and tin. Initial drilling has returned promising grades, prompting the team to plan an extensive drill program covering approximately 3,000 meters. This program aims to establish a resource estimate by early 2025. The nearby Alpha mining tin mine, known as the highest-grade tin mine globally, enhances the potential of this project. The company anticipates generating substantial news flow in the coming months as the drilling progresses. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

July 29, 2024 11:16 AM Eastern Daylight Time

Video
Article thumbnail News Release

Davis Davis & Harmon Partners With Alteryx to Transform Sales Tax Consulting Practice

Davis Davis & Harmon

Demonstrating its commitment to technological leadership in the sales tax consulting sector, Davis Davis & Harmon LLC (DDH), the nation's largest woman- and minority-owned firm, today announced its strategic adoption of Alteryx, a leading enterprise analytics platform. The adoption of Alteryx enhances DDH's robust data analytics capabilities and reinforces its position as an innovative service provider that leverages technology to address the dynamic needs of its clientele. The platform’s comprehensive data preparation and analytics tools establish repeatable workflows, freeing up DDH experts to focus on their value-added, sophisticated insights. “Our clients rely on DDH to navigate their most challenging sales tax issues,” said Chanel Christoff Davis, Davis Davis and Harmon CEO and founder. “DDH will fully integrate Alteryx into its operations by the end of the year, and anticipate that it will significantly enhance our in-depth analysis and strategic advising, catalyzing our growth and delivering bottom-line results for clients.” The combination of DDH's specialized expertise and Alteryx’s technological proficiency in managing high-volume, sophisticated data challenges positions DDH and its clients ahead of the digital transformation curve. “By deploying Alteryx for tax automation and analytics, DDH is, once again, blazing new ground for the benefit of its clients and team members,” said Mike Tagtow, Sales Director at Alteryx partner, Capitalize Analytics. DDH’s subject matter experts handle intricate transactions for Fortune 100 clients, who typically present much larger and more complex data sets. For example, DDH client Baker Hughes, one of the world’s largest energy companies, has fully transitioned to the new system. With Alteryx, DDH streamlined tax processing, identified potential tax savings and provided them with more accurate and timely tax advice. “We fearlessly embrace technological advancements,” says Deon Harmon, Davis Davis and Harmon's Chief Growth Officer. “Just as we blaze trails for minority and women-owned businesses, we are harnessing the power of technology to transform the sales tax advisory industry.” About Davis Davis & Harmon LLC - Sales Tax Experts Davis Davis & Harmon LLC (DDH), established in 2001 by rising entrepreneur Chanel Christoff Davis, is the largest woman- and minority-owned sales tax firm in the United States. Based in Dallas, the company guides businesses through the complexities of sales and use tax laws and regulations. Its team fosters an environment of compliance, education, and risk mitigation and delivers measurable bottom-line results to clients. To learn more about DDH, visit http://www.ddhtax.com. About Alteryx Alteryx (NYSE: AYX) powers analytics for all by providing our leading Analytics Automation Platform. Alteryx delivers easy end-to-end automation of data engineering, analytics, reporting, machine learning, and data science processes. It enables enterprises everywhere to democratize data analytics across their organizations for a broad range of use cases. More than 8,000 customers globally rely on Alteryx to deliver high-impact business outcomes. To learn more, visit http://www.alteryx.com. Alteryx is a registered trademark of Alteryx, Inc. All other product and brand names may be trademarks or registered trademarks of their respective owners. Contact Details Davis Davis & Harmon Chanel Christoff Davis +1 972-488-5000 chanel@ddhtax.com Center Reach Communications Alexandra Campbell alexandra@centerreachcommunication.com Company Website http://www.ddhtax.com/

July 29, 2024 09:00 AM Eastern Daylight Time

Article thumbnail News Release

Text Patents a Method for Combining Asynchronous and Real-Time Communication

Text, Inc.

Text, a global leader in B2B text communication solutions, has secured its fifth patent in the United States. The patented "system and method" enables the seamless integration of asynchronous communication channels with real-time communication within a single platform. "Customers want to communicate with companies in various ways. Sometimes, an email or another method that allows the recipient to respond later is best, which is asynchronous communication. However, sometimes rapid, direct, real-time interaction is necessary. Our technology enables seamless integration of these communication types, providing real benefits for our clients: increased user satisfaction, faster issue resolution, and better management of existing information, " explains Konrad Kruk, Head of Widget and the patent's author. The patent granted by the United States Patent and Trademark Office (USPTO) describes a system and method that integrates asynchronous messaging with real-time communication, allowing smooth transitions between different communication modes within a single platform. The invention enables users to switch between messages (such as emails or SMS) and real-time interactions (such as voice or video calls) without leaving the communication platform or starting a new session. "This is our fifth patent, confirming our position as one of the technological innovators in the industry. We are especially proud because the secured solution introduces significant improvements in online communication, ensuring companies maintain uninterrupted and consistent communication with customers across various industries, " said Katarzyna Rogowska, head of Text's legal department. The key benefits of the newly patented solution for Text's clients and end-users include: - Improved communication efficiency: Combining asynchronous messaging with real-time communication on one platform reduces the need to switch between different communication tools, saving time and increasing productivity. - Enhanced user experience: Internet users communicating with companies via solutions like LiveChat can enjoy seamless communication, effortlessly transitioning between messaging and real-time conversations. This particularly benefits customer service, remote work, and collaborative projects. - Increased accessibility: The unified interface makes managing communications easier, ensuring that important messages and real-time interactions are never missed. This is particularly useful in environments where timely communication is critical. - Easier and more efficient record-keeping: The synchronization feature ensures that all communications are recorded, providing a reliable record of interactions. This can be crucial for legal, compliance, and reference purposes. - Scalability and flexibility: The system can be scaled to suit different organizational sizes and integrated with other systems, making it a flexible solution for various industries and applications. In summary, the invention registered by the USPTO enhances communication by combining the advantages of asynchronous messaging and real-time communication in one coherent system, offering increased efficiency, user experience, and accessibility for individuals and organizations. Operating in the “customer service” business, Text (formerly LiveChat) is one of the leaders in the global market for live chat solutions. Its LiveChat product supports companies in customer service, online sales support, and lead generation—allowing its partners to stay in touch with their customers anywhere and anytime. Text’s other products include ChatBot, HelpDesk, KnowledgeBase, and OpenWidget. LiveChat is used by over 37 thousand companies in 150 countries, the ChatBot product has over 2,800 customers in more than 30 countries, and the Helpdesk product has over 1,000 customers. Contact Details PR Team pr@text.com Company Website https://text.com/

July 29, 2024 05:34 AM Eastern Daylight Time

Article thumbnail News Release

BestGrowthStocks.Com Issues a Comprehensive Analysis of Tivic Health Systems Potential Catalysts

Tivic Health Systems Inc.

NEW YORK, NY / NewsDirect / July 29, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis on Tivic Health Systems Inc. a health tech company that develops and commercializes bioelectronic medicine. Tivic Health Systems Inc. (NASDAQ: TIVC) recently announced the expansion of its intellectual property portfolio with three new patents granted in the US and Europe. Best Growth Stocks full report breaks through the noise and offers an extensive comprehensive analysis of Tivic Health Systems operations, potential catalysts, pipeline, patents, share structure, recent news events, growth strategy, financials, chart support and resistance zones, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-tivc-analysis/ Access the full analysis free here: https://bestgrowthstocks.com/access-tivc-analysis/ About Tivic Tivic is a commercial health tech company advancing the field of bioelectronic medicine. Tivic’s patented technology platform leverages stimulation on the trigeminal, sympathetic, and vagus nerve structures. Tivic’s non-invasive and targeted approach to the treatment of inflammatory chronic health conditions gives consumers and providers drug-free therapeutic solutions with high safety profiles, low risk, and broad applications. Tivic’s first commercial product ClearUP is an FDA approved, award-winning, handheld bioelectronic sinus device. ClearUP is clinically proven, doctor-recommended, and is available through online retailers and commercial distributors. For more information visit http://tivichealth.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.com Contact Details Best Growth Stocks Steve Macalbry Editor@bestgrowthstocks.com

July 29, 2024 04:25 AM Eastern Daylight Time

Image
Article thumbnail News Release

Trust Stamp and Botdoc Forge Strategic Partnership to Enhance Automotive Security

T Stamp Inc

Trust Stamp President Andrew Gowasack and Karl Falk, CEO of Botdoc joined Steve Darling from Proactive to announce an exciting new partnership. The collaboration aims to integrate Trust Stamp’s low-code Orchestration Platform into Botdoc Connect product, enhancing Identity Verification and Know Your Customer processes. This integration will include document validation using the Driver License Data Verification System provided by the American Association of Motor Vehicle Administrators. Trust Stamp has obtained a license from AAMVA to access this system, ensuring accurate and reliable identity verification. Trust Stamp and Botdoc have a history of working together in various industries, including banking, lending, and insurance. Both companies are graduates of the Independent Community Bankers of America ThinkTECH accelerator. They have observed a growing trend of criminals using counterfeit or altered driver's licenses, driving permits, and ID cards to commit fraud. With nearly 80,000 cars stolen from dealerships in the past year, the need for robust identity document validation is more critical than ever. Through this partnership, Botdoc customers will be empowered to combat fraud more effectively. Trust Stamp’s low-code Orchestration Layer platform offers a variety of solutions, including the real-time capability to verify driver's license and ID information against data from the issuing agency. This feature significantly enhances the security and reliability of identity verification processes, helping businesses protect themselves and their customers from fraudulent activities. The integration of Trust Stamp’s advanced technology into Botdoc's Connect product represents a significant step forward in the fight against identity fraud. It underscores both companies' commitment to leveraging innovative solutions to address complex challenges in the digital age. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

July 26, 2024 10:22 AM Eastern Daylight Time

Video
Article thumbnail News Release

BRIGHTSPEED LAUNCHES MYBUNDLE PLATFORM TO PROVIDE BRIGHTSPEED FIBER INTERNET CUSTOMERS WITH MORE TV CHOICE AND VALUE

MyBundle

MyBundle, the premier online platform connecting consumers, streaming services and broadband providers with tools to simplify streaming television, and Brightspeed, the nation’s fourth largest fiber broadband builder focused on empowering more homes with ultrafast, reliable internet, today announced they have entered into an agreement to provide content options to Brightspeed customers. Brightspeed has launched the MyBundle platform to give its Brightspeed Fiber Internet customers more choice and value through streaming in this era of changing video consumption. Brightspeed has deployed Find My Bundle, MyBundle’s critically acclaimed personalized recommendation tool to fiber internet service shoppers and customers. Brightspeed will also launch MyBundle’s suite of marketing tools and educational resources to help customers navigate an increasingly complex and dynamic streaming marketplace. Brightspeed Fiber Internet customers now also have access to a co-branded version of MyBundle’s recently launched mobile app. The Brightspeed MyBundle mobile app makes it easy for those already streaming to make the most of their streaming services through optimized content search and recommendations. “Our state-of-the-art multi-gig-speed fiber network has reached more than 1.2 million homes and businesses and counting, and now the launch of MyBundle will help more of those households transition from their current TV service provider to streaming with Brightspeed Fiber Internet,” said Brightspeed Vice President of Marketing Steve DeCaspers. “We tapped MyBundle for its depth and breadth of resources to help our customers across our 20-state footprint better navigate the ever-changing world of streaming and enable them to make a more seamless transition from traditional cable service to streaming channels.” MyBundle now partners with 250 broadband providers, serving more than 13 million households in the United States. “MyBundle is perfectly suited to work with broadband leaders serving a wide range of demographics and we are thrilled to share news of our launch with Brightspeed,” said MyBundle Co-Founder and CEO, Jason Cohen. “With 250 broadband partners, MyBundle is leading the way by helping broadband providers and streaming networks grow their businesses and educate and inform consumers on ways to optimize their video consumption. Find My Bundle and the new MyBundle mobile app are two of the vehicles MyBundle offers to increase value, and for most consumers, save lots of money compared to legacy pay TV.” More on Find My Bundle and The MyBundle Mobile App Find My Bundle is MyBundle’s free, easy-to-use personalized streaming TV recommendation engine that enables and streamlines the migration from traditional pay TV to streaming alternatives. Find My Bundle guides customers through a step-by-step process to specify all of their television needs, including live locals, news and sports, and then recommends the simplest, most affordable streaming alternative. The recently launched free MyBundle mobile app helps consumers build and maintain a list of movies and TV shows they want to watch, with synopses, ratings, trailers and “where to watch” all in one place. About MyBundle MyBundle is the industry-leading consumer and enterprise platform simplifying streaming TV. MyBundle’s free and easy-to-use tools help consumers discover and manage their streaming service subscriptions, watch free live TV, and find content to watch across their services. Incorporating more than 150 streaming services and partnering with 250 broadband providers serving more than 13 million customers and growing, the MyBundle platform helps consumers navigate the streaming video world and creates new growth opportunities for programmers and high-speed data distributors alike. About Brightspeed Headquartered in Charlotte, N.C. and with assets and associated operations in 20 states, Brightspeed provides broadband and telecommunications services through a network platform capable of serving more than 6.5 million homes and businesses. Our more than 4,000 employees are committed to building a future where more communities benefit from a more connected life, deploying a state-of-the-art fiber network and a customer experience that makes being connected as simple as it should be. For more information please visit www.brightspeed.com. Contact Details Becker PR for MyBundle Eric Becker +1 303-638-3469 press@mybundle.tv Brightspeed Gene Rodriguez Miller, director, PR pr@brightspeed.com Company Website https://mybundle.tv/

July 25, 2024 10:00 AM Eastern Daylight Time

Image
Article thumbnail News Release

Major Leadership Additions, Partnerships With All Leading Carriers: How This Small-Cap Aims To Disrupt The Massive Push-To-Talk Over Cellular Market

Siyata Mobile Inc.

By Kyle Anthony, Benzinga Recent years have seen many industries being disrupted, and innovation is occurring everywhere, even with the walkie-talkie – more formally known as a handheld transceiver – industry. Siyata Mobile Inc. (NASDAQ: SYTA), a global developer and vendor of Push-to-Talk over Cellular (PoC) handsets and accessories, is set on revolutionizing the industry through its innovative devices – and is implementing seminal strategic initiatives and bringing in industry experts to further the firm’s goal of disrupting a legacy multi-billion-dollar two-way radio market. Siyata Mobile Inc.’s Background Founded in 2012 and headquartered in Canada, Siyata Mobile aims to be the global leader in the growing Push-to-Talk over Cellular industry by disrupting the legacy of the Land Mobile Radio (LMR) industry with next-generation communication technology. The firm has gained prominence as a developer and provider of technologically advanced rugged smartphones, in-vehicle mounted cellular communications devices and cellular signal boosters. Siyata has customers throughout the United States, Canada, Europe, Australia and the Middle East. The Growing Push-To-Talk Over Cellular Market As the name suggests, Push-to-Talk over Cellular uses mobile networks to relay communications to another handset. It supports all the advanced features of digital mobile radios and combines them with 4G and 5G bandwidth and nationwide coverage. Research published by Allied Market Research valued the Push-to-Talk over Cellular market at $3.43 billion in 2019 and projects it to reach $6.95 billion by 2027. Compared to LMR, Push-to-Talk over Cellular handsets work virtually anywhere on cellular networks, support third-party data applications and are less capital intensive for customers, as they have a lower price point and do not require investment in tower sites. Siyata Mobile: Revenue Growth And Strategic Initiatives For the fiscal year 2023, Siyata Mobile Inc’s. reported revenue and gross profit were $8.23 million and $2.66 million, respectively – an increase of 27.0% and 91.2% from the previous year. Regarding the firm’s business model, Siyata Mobile markets its devices with leading cellular carriers and their distributors, who sell them to enterprise customers. Leveraging these carrier sales channels and their broad customer base with Siyata Mobile’s product portfolio means the firm can maintain a lean operating cost structure. Siyata Mobile gives carriers the ability to activate a SIM card and generate income otherwise not captured with customers who use LMR, and the company reports that it has already partnered with all major carriers in the U.S. Siyata Mobile’s integration with the Zello push-to-talk application is a strategic initiative launched with the goal of elevating the value proposition of the firm’s product offering. Zello is a live voice push-to-talk communication platform that turns any smart device into a digital two-way radio that works over Wi-Fi and cell networks anywhere in the world. Purpose-built to connect frontline teams and communities, the push-to-talk walkie-talkie app offers instant voice communication with one or many in unlimited secure, private channels, as well as message replay, emergency alerts, location tracking, dispatch capabilities and Bluetooth device support. With more than 175 million reported users registered worldwide and 99.99% uptime, Zello is simple to use and easily connects frontline and operations teams with a platform that is easy to use. Addition Of Industry Veterans To Siyata Mobile’s Leadership Team Since July 2023, Syiata Mobile has made a series of personnel moves that have positioned the firm to strengthen and broaden its value proposition. In July 2023, it was announced that industry veteran Doug Clark would assume the role of Assistant Vice President, Sales and Marketing at the firm. Clark joins Siyata following a 20-plus year career with AT&T. Most recently, he served as Assistant Vice President for AT&T's FirstNet, the only nationwide wireless communications network that was designed and built specifically for first responders and the extended public safety community. More recently, Syiata announced the addition of Bob Escalle and T.J. Kennedy to the firm. Escalle will assume the role of vice president of public safety. Public Safety, the most significant and fastest-growing vertical within the push-to-talk industry, benefits from the increasing focus on safety in the U.S. and worldwide. Escalle brings over 30 years of extensive experience across the U.S., European and Asian markets at leading global PTT companies, including Motorola Solutions, ESChat and Nemergent Solutions. He joins Siyata from Samsung Electronics America, where he served as Director of New Business for Enterprise and Public Safety. Kennedy will join Syiata’s advisory board, which assists management with strategic thinking, operational execution and sales strategy. He is widely recognized as a thought leader in mission-critical communications and public safety. Kennedy is also a venture advisor for AI Fund, a team of AI pioneers, proven entrepreneurs, seasoned operators and venture capitalists that collaborates with leading entrepreneurs to solve big challenges using artificial intelligence. He is a board member at the public safety drone company Echelon AI. He has also previously served as CEO and as a board director of WRAP Technologies, a global provider of public safety solutions, where he created a strategic roadmap with a focus on improved pricing and profitability, right-sized expenses and successfully grew gross profit year over year by 87%. Prior to that, he served in senior leadership roles, including as CEO, primarily for companies operating in the public safety space. Path To Profitability Customers' willingness to grow their business with a particular vendor indicates customer satisfaction. Recently, Siyata Mobile announced receiving a $1.2 million order from an existing customer, a leading international EMS service provider, for additional units of the company's PoC rugged handsets, Real Time View and related accessories. Regarding this new purchase order, Marc Seelenfreund, CEO of Siyata, stated, "Building on our July 18, 2024 press release highlighting $4.5 million in new orders, this additional order for $1.2 million further shows the market demand for our Siyata solutions. This order is a great testament to our technology and the performance of our devices and monitoring system. This customer has repeatedly purchased our devices over the past two years to enable better collaboration and improve command and control of critical communications across its operation. Our devices are rugged, reliable and mission critical allowing EMS units and first responders to focus on emergency response and saving lives." Wall Street analysis also reveals the company may be on the verge of profitability, as recent coverage suggests that the company is expected to be profitable in 2026. As mentioned in the article, Siyata Mobile has exhibited financial prudence as it continues to grow, highlighting the future-focused mentality present among the firm’s leadership. The Way Forward As a business-to-business global developer and vendor of next-generation Push-To-Talk over Cellular handsets and accessories, Siyata Mobile continually seeks to enhance the utility it provides to its customers, which includes police, fire and ambulance organizations as well as schools, utilities, security companies, hospitals, waste management companies, resorts and many other organizations. The firm’s strategic initiatives and recent personnel moves reflect its focus on meaningful growth and strengthening its internal capabilities through veteran industry leadership as it continues to disrupt the industry’s landscape. Featured photo by Oxana Melis on Unsplash. Siyata Mobile Inc. is a B2B global vendor of next-generation Push-To-Talk over Cellular devices, cellular booster systems, and video monitoring solutions. Its portfolio of in-vehicle and rugged devices enables first responders and enterprise workers to instantly communicate, over a nationwide cellular network of choice, to increase situational awareness and save lives.Its portfolio of enterprise-grade and consumer cellular booster systems enables first responders and enterprise workers to amplify cellular signals in remote areas, inside structural buildings where signals are weak, and within vehicles for the maximum cellular signal strength possible.For its video monitoring system, Siyata integrates software that we license with off-the-shelf hardware providing our customers with an integrated advanced camera system for management and visual monitoring of their fleet vehicles. 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 Siyata's current expectations, they are subject to various risks and uncertainties, and actual results, performance, or achievements of Siyata 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 Siyata's filings with the Securities and Exchange Commission ("SEC") and in subsequent filings with the SEC. Except as otherwise required by law, Siyata 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 and social media have been provided as a convenience, and the information contained on such websites or social media is not incorporated by reference into this press release. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Brett Maas SYTA@haydenir.com

July 25, 2024 08:45 AM Eastern Daylight Time

Image
1 ... 3334353637 ... 638