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PathAI Announces Research Presentations at the 2024 AACR Annual Meeting

PathAI

PathAI, Inc., a leading AI-powered precision pathology company, today announced it will present research from its portfolio of oncology products at the AACR Annual Meeting on April 7-10, 2024, in San Diego, CA. The research demonstrates how machine learning models developed to characterize the tumor microenvironment (TME) from routine hematoxylin and eosin (H&E)-stained whole slide images (WSIs) can be used to advance biomarker development and precision medicine strategies. The presentations include new research leveraging PathAI’s pan-tumor foundation models and its commercially available product, PathExplore 1, to identify key histologic features associated with molecular signatures and patient response to therapy. Highlights: Researchers deployed PathExplore on HNSCC and NSCLC samples to characterize the cell and tissue composition of the tumor microenvironment, as well as compute immune phenotypes directly from H&E WSI. (Poster #905 ) Researchers from Incendia Therapeutics developed a continuous scoring method for Discoidin Domain Receptor 1 (DDR1), which revealed widespread immune exclusion in tumors based on the spatial distribution of lymphocytes, CD8+ T cells, and CD45+ immune cells from H&E and mIF images. DDR1 is highly expressed in epithelial cancers and has been implicated in tumor growth, invasion, and lack of response to therapy. The immune exclusion score correlates with DDR1 mRNA and protein expression. The study provides additional insight into the role of DDR1 in human cancers and may be useful in selecting indications and stratifying patients for DDR1-targeted therapies. (Poster #2916 ) Using unsupervised learning driven by PathExplore’s features and a novel collagen fiber detection imaging technology, researchers discovered three distinct phenotypes of cancer associated stroma (CAS) that had distinct patterns of association with survival and gene expression signatures. Two of them were enriched in collagen fiber density as well as in density of fibroblasts, while the third phenotype had the highest density of immune cells, providing a categorization of different types of CAS-tumor interaction that may be useful for patient stratification. (Poster #4912 ) Using AI-powered models from PathAI, Foundation Medicine researchers investigated digital pathology TME features of immunotherapy outcomes among NSCLC patients within a real-world dataset from the Flatiron Health-Foundation Medicine Clinico-Genomic Database. These results indicate that the composition of the TME assessed via digital pathology may have utility in identifying NSCLC patients who will respond to first-line immune checkpoint inhibitors beyond the established immunotherapy biomarkers. (Poster #4969 ) In collaboration with EMD Serono, AI-powered TME models from PathAI were used to analyze H&E WSI of NSCLC from a randomized Phase 3 trial directly comparing two immunotherapies. Researchers compared cell abundance features with gene expression data from the same samples and found that immune and stromal cell abundance features were associated with expression of genes in relevant cellular pathways, confirming the biological relevance of our cellular features. In analyzing the features alongside the clinical data from the retrospective study, researchers identified candidate prognostic immunotherapy biomarkers. (Poster #6179 ) Researchers from Incendia Therapeutics illustrated that morphologic features derived from H&E images using PathExplore can be effective predictors of CD8-defined immune exclusion, providing an option for patient stratification by immune phenotype using widely available H&E images. The features and direction of association align with prior knowledge of the mechanism or manifestations of immune exclusion or infiltration in the TME, including the relative density of lymphocytes in tumor and stroma. (Poster #7392 ) PathAI’s pan-tumor foundation models were used to identify tissue regions and cell types on H&E WSI to quantify tumor purity across multiple tumor types. Model-derived tumor purity estimates were compared to three orthogonal molecular methods of purity and found to correlate across disease indications. These results provide evidence of how AI can improve the efficiency of molecular testing and enhance precision diagnostic strategies. (Poster #7402 ) Follow PathAI on LinkedIn and X for more updates from #AACR24 and visit us in person at booth #1549. 1 PathExplore is For Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials and laboratory use. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of pathology samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge therapeutic efficacy and accelerate drug development for complex diseases. PathAI, which is headquartered in Boston, MA, and operates a CAP/CLIA-certified laboratory in Memphis, TN, is proud to have a team of 600+ innovative thinkers from around the globe. For more information, please visit www.pathai.com. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Company Website https://www.pathai.com/

April 03, 2024 10:00 AM Eastern Daylight Time

ETHICAL SEARCH ENGINE KARMA ARRIVES IN THE U.S.; EMPOWERS USERS TO PROTECT ANIMALS AND BIODIVERSITY BY BROWSING THE WEB

KARMA

KARMA, the world’s first search engine dedicated to protecting animals and biodiversity, is now available in the United States. KARMA utilizes the revenue generated by users’ Internet searches to fund its first non-profit partners, Re:wild and Humane Society International, expected to surpass $100M in [the United States/North America] over the next three years. KARMA taps into the sponsored links market – worth a whopping $300+ billion per year – to help fund rigorously selected non-profit partners recognized for their actions in animal protection and biodiversity conservation. Similar to traditional search engines, KARMA displays sponsored links when users make an online search. However, unlike traditional search engines, KARMA donates 100% of its proceeds to its non-profit partners. Launched in France in 2022, KARMA has received enthusiastic feedback, with more than 150,000 downloads and rave user reviews, averaging a rating of 4.7 stars across the leading app stores. KARMA was also recently selected by Google to be displayed in the Google Choice Screen menu in European markets. As a result, Android users are prompted during setup to choose their default search engine among a list of 12 options that now includes KARMA. The ongoing antitrust case from the U.S. government against Google may also lead to a similar development coming to U.S. markets in the future. With an estimated market size of $132B, the U.S. sponsored links market segment is highly lucrative and a tremendous opportunity for KARMA and its cause. “Search engines are used daily by all Internet users, making them the most scalable of tools capable of having a material impact in supporting financially the urgent needs of animal protection and biodiversity conservation, said Yann Kandelman, Co-Founder and CEO of KARMA. “KARMA is providing Internet users with the opportunity to be part of the solution in just a few clicks. For example, if just 1% of Google users were to use KARMA as their default search engine, we would be able to donate more than $1 billion per year to our non-profit beneficiaries, including our first selected partners, Re:wild and Humane Society International.” Learn & Act with KARMA In a world where a species becomes extinct every 20 minutes and animal suffering is at an all-time high thanks, in part, to 99% of U.S. meat coming from factory farms, KARMA also pledges to empower its users to “Learn & Act.” "Thanks to its "Learn & Act" feature, KARMA provides a news feed of useful information and highlights concrete and easy ways to make a difference on a daily basis. In just a few clicks, users can maximize their impact by signing a petition, registering to try a vegan diet for a week, participating in a citizen science project to identify bird species in their area, and more. More on KARMA’s Partnership with Re:Wild and Humane Society International KARMA has selected Re:wild and Humane Society International-two key players in the biodiversity conservation and animal protection movements- as its first two non-profit partners. The organizations have joined forces with KARMA and will benefit from the $100M KARMA expects to raise in the North America over the next 3 years. “Conserving biodiversity is not just about saving individual species,” said Carrie Hutchison, director of marketing and brand for Re:wild. “It’s about maintaining the complex ecosystems that sustain life on Earth. By working with companies like KARMA, which are supporting our conservation work and expanding our reach, we can protect more of the world’s irreplaceable places for biodiversity, and inspire a global community to act for the wild.” “At Humane Society International, we believe in creating a world where animals are treated with respect and protected from cruelty. Switching your default search engine to KARMA is an easy and free way to support our work. Your internet searches with KARMA can help fund our vital initiatives such as banning the sale of real fur, ending some of the most inhumane factory farming practices, and creating a more compassionate world for all animals,” said Nick Jones, executive director at Humane Society International/UK. KARMA is exploring future partnerships with several other American nonprofits using complementary levers to protect animals and biodiversity. Robust, Versatile and Privacy-Friendly: The Technology Behind Karma KARMA is available on all platforms: through a mobile browser app on iOS and Android, and through an extension for Chrome, Safari, Brave, Firefox and Edge on both PC and Mac. KARMA technology makes it a robust, transparent, and secure search engine: Based on privacy-oriented search engine Brave Search, KARMA’s web indexing is fully independent from internet giants Google and Bing, making it an ethical alternative, alongside other challengers launched in the recent years (Perplexity.ai, You.com, PreSearch, Yep, etc.), in a market traditionally dominated by large, listed companies. Developed based on Firefox’s open-source code, KARMA’s mobile application supports ad blockers and anti-tracking extensions. To ensure the best results to users, KARMA provides a one-click access to a wide range of vertical, independent search engines: unbiased customer reviews from Reddit, royalty-free images from Unsplash, GIFs from GIPHY, etc. Committed to protecting their users’ privacy, KARMA does not permanently store search histories nor resell personal data to third parties. Additional KARMA photos and imagery may be found here: About KARMA KARMA is the first alternative search engine dedicated to protecting animals and biodiversity. Unlike traditional search engines, KARMA empowers users to make a tangible impact on the planet without changing their browsing habits. By simply utilizing KARMA for their internet searches, individuals contribute to fund nonprofits safeguarding wildlife, promoting animal welfare and preserving biodiversity worldwide. About Re:wild Re:wild has a singular and powerful focus: the wild as the most effective solution to the interconnected climate, biodiversity and human wellbeing crises. Founded by a group of renowned conservation scientists together with Leonardo DiCaprio, Re:wild is a force multiplier that brings together Indigenous peoples, local communities, influential leaders, nongovernmental organizations, governments, companies and the public to protect and rewild at the scale and speed we need. About Humane Society International Advancing the welfare of animals in more than 50 countries, Humane Society International works around the globe to promote the human-animal bond, rescue and protect dogs and cats, improve farm animal welfare, protect wildlife, promote animal-free testing and research, respond to disasters and confront cruelty to animals in all of its forms. Contact Details Becker PR for KARMA Eric Becker +1 303-638-3469 press@mykarma.org

April 03, 2024 10:00 AM Eastern Daylight Time

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Analyst Crypto Jebb Urges To Buy Ethereum Right Now! Cardano Left in the Dust As KangaMoon Bull Run Continues!

Kangamoon

Renowned analyst Crypto Jebb has been talking about Ethereum (ETH) a lot lately and people are starting to listen. Meanwhile, Cardano (ADA) has been outshined by many altcoins like KangaMoon (KANG), which is on a massive bull run. This Stage 5 presale star has already provided early buyers with 291% ROI, causing many experts to hint at a $0.5 price in 2024. Crypto Jebb: Ethereum Price Will Moonshot Recently, Ethereum (ETH) has been on an uptrend. Over the past 30 days, the Ethereum price soared from $3,409 to $3,557. During that time, its market cap increased from $410B to $427B. According to crypto analyst Crypto Jebb, this bullish trend will continue for the Ethereum crypto. He forecasts a potential 10x on ETH within the next ten years. This altcoin's technical analysis also shows a bullish future. For instance, Ethereum is now trading above its 100— and 200-day EMAs. Additionally, 25 technical indicators are showing green for ETH. As a result, experts have made a bullish Ethereum price prediction. They foresee this altcoin's price hitting $4,489 within Q2 of 2024. Cardano (ADA): Trading in the Red On the other hand, Cardano (ADA) has been trading in the red. According to CoinMarketCap data, the Cardano price sank from $0.73 to $0.63 over the past month. In that period, its market cap also fell from $26B to $22.46B. However, the technical analysis for this altcoin paints a different picture. Notably, the Cardano coin is trading above its 100 and 200-day EMAs. Additionally, this altcoin now has over 20 technical indicators showing bullish signs. Due to all these reasons, market analysts have made a bullish Cardano price prediction - a rise to $0.86 within Q2 of 2024. KangaMoon (KANG): Becoming One of the Altcoins To Watch While Ethereum and Cardano experience ups and downs, KangaMoon (KANG) has surfaced as an unexpected contender. This presale star has already soared by 291%, with 20,000 registered community members. Moreover, KangaMoon has raised over $3.9M and projects reaching $5M before April 2024 ends. Essentially, KangaMoon will develop a Play-to-Earn (P2E) game in which KANG will serve as the main in-game currency. With KANG, you can buy character upgrades or in-game items. Additionally, KANG holders gain exclusive access to challenges for extra tokens or in-game items. Another impressive part of KangaMoon is its dedication to cultivating an active community. As an example, users can earn free KANG tokens by being engaged members before the official launch. This has caused a significant surge in social media interaction as traders eagerly like, share and retweet KangaMoon's content. All these factors have helped KangaMoon obtain over 5,800 holders. Currently, one KANG token costs just $0.0196 - a 291% rise from its starting price of $0.005. Experts remain bullish as they forecast a rise to $0.5 once a Tier-1 CEX lists this altcoin in Q2 of 2024. This price prediction seems plausible with ties to the P2E gaming market, which will reach $885M by 2028. Will KangaMoon Rise Faster than Ethereum and Cardano? With its low $14M market cap, KangaMoon could outshine Ethereum and Cardano. This means it needs fewer new funds so the price can skyrocket faster. If you want to buy one of the top altcoins, sign up for its presale using the links below and get a 10% bonus. Discover the Exciting Opportunities of the KangaMoon (KANG) Presale Today! Website: https://Kangamoon.com/ Join Our Telegram Community: https://t.me/Kangamoonofficial Integrating GameFi and Play To EarnEmbark on your quest for glory. Assemble your champions, engage in epic battles or bet on your favorite fighters to earn $KANG tokens and exclusive rewards. Gain control of rare NFTs, unlock exclusive content and build alliances with fellow gamers as you ascend the ranks and leaderboards. Disclaimer: The following disclaimer is important to read and understand before engaging with Kangamoon, a play-to-earn meme coin. By accessing or participating in any activities related to Kangamoon, you acknowledge and accept the terms outlined below: 1 No Financial Advice: This whitepaper and any associated content do not constitute financial advice, investment recommendations, or solicitation to purchase Kangamoon tokens. The information provided is for informational purposes only. It is your responsibility to conduct thorough research and seek professional advice before making any financial decisions. 2 Volatility and Risks: Cryptocurrencies, including Kangamoon, are volatile and subject to significant price fluctuations. Investing in or holding Kangamoon tokens involves substantial risks, including the possibility of total loss. Past performance is not indicative of future results. 3 Regulatory Compliance: The regulatory environment surrounding cryptocurrencies is evolving and varies across jurisdictions. It is your responsibility to ensure compliance with applicable laws and regulations in your country or region before engaging with Kangamoon. 4 Uncertain Market: The market for meme coins and play-to-earn platforms is highly speculative and subject to rapid changes. There is no guarantee of market demand, liquidity, or utility for Kangamoon tokens. Token values may fluctuate drastically and may not reflect the intrinsic value of the project. By continuing to engage with Kangamoon, you acknowledge and accept the risks and limitations outlined in this disclaimer. You should only participate if you fully understand and are willing to assume these risks. Contact Details Kangamoon marketing@kangamoon.com Company Website https://kangamoon.com/

April 03, 2024 09:00 AM Central Daylight Time

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LOTUS NETWORK BRINGS THE “SHMEALER” TO THE FRONT RANGE FOR ITS SPRING CONNECTOR EVENT

Lotus Network

Lotus Network, a Denver-based non-profit organization providing opportunities for all women to create meaningful connections, announced today its 2024 Spring Connector event, Reigniting the Women’s Spirit, featuring the “Shmealer” (shame healer) Sarah Lajeunesse. An award-winning coach, writer and speaker, Lajeunesse brings Reigniting the Women’s Spirit to the U.S. for the first time at this Lotus Network event. The discussion will explore how the weight of perfectionism, people-pleasing, societal, cultural and gender expectations and pressures, are deeply rooted in guilt and shame. Touching upon the ways these self-conscious emotions can prevent a woman from experiencing a greater, richer quality of life, this timely talk will explore the yearning so many women experience in wanting to feel whole and empowered. Through a hilariously liberating and thought-provoking discussion about uncomfortable emotions, “ Reigniting the Women’s Spirit” is aimed at helping women: Identify and challenge their own personal limiting beliefs and unrelenting patterns that keep them stuck Set healthy boundaries and communicate them effectively with others Cultivate self-compassion and self-care practices that nurture well-being and happiness Uncover individual strengths for achieving self-confidence Lajeunesse will provide tips on how to release the heavy, unnecessary burden of shame that has continued to plague many women for years, decades and even generations. She will also address ways to stop the unconscious passing down of guilt and shame repercussions throughout life. The Spring Connector event will be held on Tuesday, May 7, 2024 from 7:00–9:00 P.M. at the Leach Center for the Performing Arts on the Colorado Academy campus, 3800 South Pierce Street, Denver, CO, 80235. Lotus Network’s hope for the event is that all women – mothers, daughters, sisters and friends – become more empowered to make important and necessary journeys to reclaim their voices, choices and lives by releasing guilt and shame to better trust themselves. “Reflecting Lotus Network’s founding mantra of ‘It’s Never Too Late...,’ we bring the Front Range a premier event to which we believe so many women can relate. Empowering women through connection is a global, topical conversation that we are bringing to the forefront through Sarah’s first U.S. discussion. Our goal for this event – and all our programming – is to truly connect women and provide them platforms and tools for learning, growth and self-discovery,” Lotus Network Co-founders Lisa Cook and Leslie Heins explained. Tickets are $35 for Reigniting the Women’s Spirit Event and can be purchased at Connector Event 2024 Featuring Sarah Lajeunesse - Lotus Network There also will be a VIP Meet & Greet event with Lajeunesse on Monday, May 6 th. In addition, the event will be offered via a virtual platform for out-of-state participants. For more information on ticket purchases and the event, please contact sue@lotusnetwork.org. HealthONE Rose Women's Hospital is the sponsor behind Lotus Network’s Spring Connector event. About Sarah Lajeunesse Sarah Lajeunesse is an award-winning coach, writer, speaker and “shmealer” (shame healer) whose work is devoted to helping women heal the guilt, shame and past experiences that prevent them from moving toward a greater, richer quality of life. From working with, speaking to and supporting hundreds of individuals across several countries, ranging from teens to those in their 60’s and in various phases and stages of life, she’s witnessed the long-term damage and detrimental impacts the weight of shame can carry. Visit the Shmealer at https://www.sarahlajeunesse.com/. About Lotus Network In 2019, best friends and business partners Lisa Cook and Leslie Heins founded Lotus Network, a nonprofit organization raising awareness of purposeful living by inspiring women of all ages to live in authentic and gratifying ways through connection. Lotus Network encourages women to start their next chapter by taking on new challenges – physically, mentally and spiritually – by spreading the message that age is not a limitation. Lotus Network’s pillars include connection, empowerment, integrity, optimism and purpose. Please visit https://lotusnetwork.org and connect with the organization on Facebook, Instagram and LinkedIn to learn more. Contact Details Susan J. Turkell +1 303-766-4343 sturkell@pairelations.com Company Website https://lotusnetwork.org/

April 03, 2024 08:00 AM Mountain Daylight Time

Rush Rare Metals Advances Two Key Projects: Uranium in Wyoming and Niobium in Quebec

Rush Rare Metals Corp

Rush Rare Metals CEO Peter Smith joined Steve Darling from Proactive to share news about the mineral exploration company's focus on its Boxi Property in Quebec and the Copper Mountain Project in Wyoming. The company recently announced the staking of the Knob claims in Wyoming, comprising 52 mineral claims totaling 780 acres. According to Smith, these claims are now part of the Copper Mountain Project, subject to an option/earn-in agreement between Rush and Myriad Uranium. Under the agreement, Myriad can earn a 50% interest in the project by spending $1.5 million exploring Copper Mountain and increase its interest to 75% by spending a total of $5.5 million. As Myriad meets certain progress thresholds, Rush will receive Myriad shares and other incentives. Conversely, the Boxy property in Quebec, initially acquired for its uranium potential, has shifted focus towards its exceptional niobium prospects. Niobium, a lesser-known element, is highly valued for its application in enhancing steel's strength and resistance, making it crucial for major infrastructural projects and as a component in superconductors and magnets. Recent exploration has revealed a mineralized dike with high-grade niobium samples, indicating a promising potential compared to other niobium mining operations. For the upcoming year, Rush Rare Metals plans to extend exploration efforts at the Boxy property, incorporating more stripping, channel sampling, and drilling to gain a comprehensive understanding of the niobium deposit's extent and quality. The objective is to ascertain the deposit's economic viability and prepare for future development. This exploration phase is eagerly anticipated by the company, given the substantial market opportunity mirrored in the success of similar niobium discoveries, highlighting the potential for significant value creation. Contact Details Proactive North America Proactive North America +1 604-688-8158 NA-editorial@proactiveinvestors.com

April 03, 2024 09:56 AM Eastern Daylight Time

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CleanTech Lithium on track with Laguna Verde project as it updates contract application

CleanTech Lithium PLC

CleanTech Lithium PLC CEO Aldo Boitano tells Proactive's Stephen Gunnion the company has updated its applications for Special Lithium Operating Contracts for its Laguna Verde and Francisco projects in Chile. This action followed an announcement by the Chilean government regarding the process and criteria for awarding lithium extraction rights to private entities. This necessitated adjustments to the current rules, prompting CleanTech Lithium to resubmit applications for the projects. Boitano highlighted a productive meeting with Chile's mining ministry, noting the company's compliance with the necessary criteria, including community engagement and detailed project planning. Despite the resubmission, Boitano assured that the project timeline remains unaffected, with indigenous consultations and contract details being the next steps. He outlined key milestones for investors in 2024, including government acknowledgment of interest in April and May, potential indigenous consultations in June, and the hopeful acceleration of the awarding process. Contact Details Proactive UK +44 20 7989 0813 UKEditorial@proactiveinvestors.com

April 03, 2024 09:50 AM Eastern Daylight Time

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Thor Explorations increases its position around Douta project in Senegal with licence acquisitions

Thor Explorations Ltd

Thor Explorations Ltd (TSX-V:THX, AIM:THX, OTC:THXPF) president and CEO Segun Lawson tells Proactive's Stephen Gunnion the company has increased its position in southeast Senegal through the acquisition of interests in two licences. This move capitalises on the company's progress in advancing the grassroots Douta gold project to over 1.7 million ounces of gold in global resources, despite a delayed preliminary feasibility study due to extensive processing flow sheet work. Lawson said the licence acquisitions, especially the one adjacent to Thor's existing resources, provide a low-cost entry for significant exploration upside. The terms of the main agreement for the Douta West licence include a total consideration of $120,000, granting the original licence holder a free carry until the completion of a PFS, after which they can choose to fund or dilute. The Senegalese government retains a 10% free carry, leaving Thor with an 80% interest. Simultaneously, Thor is advancing towards the preliminary feasibility study for Douta and initiating exploration activities on the new licences, expecting drill results throughout the current quarter. This includes extending drilling programmes and analysing soil and termite samples to potentially expand the total resource base. In Nigeria, exploration efforts continue at the Segilola mine to extend the life of mine, alongside reaffirming production guidance for the year. Lawson said Thor is focused on deleveraging, strengthening its balance sheet, and achieving a strong free cash flow position. This year's strategic emphasis is on exploring satellite deposits and deeper drilling beneath the Segilola pit, with significant news flow anticipated across its Senegalese and Nigerian projects in the upcoming quarter. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 03, 2024 09:46 AM Eastern Daylight Time

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What's next for Bitcoin? ETC Group CEO breaks down ETFs & market trends

HANetf Holdings Limited

ETC Group CEO Tim Bevan discusses the recent volatility in Bitcoin prices, attributing it to macroeconomic factors and specific market events. In an interview with Proactive's Stephen Gunnion, Bevan noted the unexpected strength in the US economy indicated by recent jobs data, which has led to revised expectations for interest rate cuts, impacting risk assets like Bitcoin. The movement of $2 billion worth of confiscated Bitcoin related to the Silk Road case onto a Coinbase account by the US Department of Justice (DOJ) has also contributed to the market's instability. Despite these short-term drivers, Bevan views the fluctuations as part of Bitcoin's usual trading range. Regarding the likelihood of an Ethereum ETF in the US, Bevan indicated a negative shift, citing the SEC's increased efforts to classify Ethereum as a security. This classification, driven by interactions with the Ethereum Foundation and the transition to proof of stake, marks a significant regulatory change and dampens the immediate prospects for an Ethereum ETF. Nonetheless, Bevan remains hopeful for developments later in the year. Bevan also commented on the London Stock Exchange's (LSE) decision to launch a segment for crypto ETPs, viewing it as a positive step for market legitimization. However, he critiqued the exclusion of retail investors from this segment, suggesting it could limit market liquidity and appeal. Lastly, Bevan discussed the upcoming Bitcoin halving event, a reduction in the reward for mining Bitcoin, anticipated around 20 April. He stressed that while the halving itself may not instantly affect prices, its long-term impact on supply could be significant. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 03, 2024 09:42 AM Eastern Daylight Time

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Ethernity Networks forecasts substantial growth with new OEM engagements

Ethernity Networks Ltd

Ethernity Networks Ltd (AIM:ENET, OTCQB:ENETF) vice president of marketing and business development Ilan Tevet shares the company's promising business outlook for 2024 and beyond based on current customer engagements. Tevet told Proactive's Stephen Gunnion Ethernity is in advanced discussions with two Original Equipment Manufacturer (OEM) customers, testing the Universal Edge Platform 2025 (UEP2025) platform for launching solutions targeting distinct markets: a 25 Gigabit Ethernet Carrier Ethernet switch for business services and a similar switch with bonding capability for the wireless backhaul market. These engagements are anticipated to significantly enhance Ethernity's revenue in 2024, showcasing a remarkable growth trajectory. Tevet said the increasing demand for high-capacity Carrier Ethernet Access switches is driven by the widespread adoption of cloud services and the surge in video conferencing and AI applications, which intensify bandwidth usage. Furthermore, the wireless backhaul market is expanding to accommodate the escalating data consumption by smartphones, with a forecasted CAGR of 37% through 2027. Ethernity addresses the challenges of environmental sensitivity in wireless link capacity through its patented bonding technology, enabling optimal service delivery by aggregating multiple wireless links. He said Ethernity also offers versatile business models to meet OEM customer needs, including system sales for rapid revenue generation, a licensing model for custom integration, and the development of an Application-Specific Integrated Circuit (ASIC) for cost reduction and performance enhancement. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

April 03, 2024 09:38 AM Eastern Daylight Time

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