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Marti Technologies Begins Monetizing Ride-Hailing Super App With Drivers Paying Subscription Fees

Benzinga

By Meg Flippin, Benzinga Marti Technologies, Inc. (AMEX: MRT), which is the top urban mobility app in Türkiye as per data cited in its most recent investor presentation, has begun monetizing its ride-hailing service, selling drivers subscription packages to access ride requests from Marti’s growing rider base, which is now around 1.3 million. By the end of the year, the company is targeting 1.6 million users. Under its initial monetization strategy, drivers pay Marti monthly subscription fees to receive ride requests from riders. The company says it has over 225,000 registered drivers using its app. In the first half of 2024, Marti’s driver base increased by 60%. Drivers Are Willing To Pay For Access To Riders Marti, which bills itself as the only ride-hailing company in Türkiye that can handle large volumes of rides, does face competition from offline ride-hailing services in the country. Still, the company says that none of the smaller services have a mobile app that streamlines the process of hailing a ride. Instead, they rely on voice calls and text messages to connect drivers and riders. Such inefficiency results in a lower volume of ride requests from those service providers, reports Marti. Nonetheless, the company says drivers are willing to pay upwards of $300 per month for that type of offline access to riders, which means Marti can also charge that much. To maximize its monetization efforts and to make it equitable for drivers, Marti’s driver subscription package prices are set to dynamically adjust to reflect the level of real-time ride requests that Marti directs to its drivers. During busy times, Marti can charge more for access. Before this monetization, Marti was focused solely on growing the number of riders and drivers on its app, a strategy the company says is paying off. “The first half of 2024 was a period in which we significantly exceeded our ride-hailing targets, demonstrating that demand for ride-hailing in Türkiye is even higher than we anticipated,” Oguz Alper Oktem, founder and CEO, said when reporting earnings at the end of September. “In the first half of 2024, in addition to achieving our new rider and driver acquisition targets, we also increased our efforts to retain existing riders and drivers in a capital-efficient manner.” Standing Out From The Pack Marti is different from its rivals, which the company credits for its growth. To connect drivers and riders, the company launched its super app in 2019, and in under five years has morphed into a leader in the marketplace. Not only does it match riders with cars easily and efficiently, but it also has motorcycle-hailing and taxi-hailing services, and operates a large fleet of rental e-mopeds, e-bikes and e-scooters. Another differentiator is its concentration throughout Türkiye, particularly in Istanbul. With an unofficial population of over 20 million people, Istanbul is the largest city in Europe; bigger than cities like London, Paris and Berlin. Of the company’s 225,000 registered drivers, more than 167,000 are in Istanbul. The company says that compares to some 21,000 taxis operating in the city. “Monetization is constantly on our mind,” said company executives during a recent earnings conference call. “We look at drivers' behavior, we look at riders' behavior. When the pilot programs come alive, the profitability of the company will change significantly.” Featured photo by Tolga Ahmetler 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 15, 2024 09:00 AM Eastern Daylight Time

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Siyata Mobile, Ambra Solutions And TASSTA Americas Collaborate To Migrate Mining Sites To Cutting-Edge Wireless Networks For All Their Communication Needs

Siyata Mobile Inc.

By Meg Flippin, Benzinga For years mining companies had no choice but to build two communications networks, one for data and the other for two-way radio. After all, in remote locations, both are important to keep mining operations going. But thanks to LTE/5G networks, the old way of doing things – which was costly and cumbersome – is going away. That’s particularly true of new greenfield mines, which are increasingly installing one LTE/5G network to meet all their needs. Even existing mines, recognizing the benefits, which include better coverage and connectivity, are melding their networks into one. They are turning to companies like Siyata Mobile Inc. (NASDAQ: SYTA), Ambra Solutions and TASSTA Americas to make it happen. The three are collaborating to help mining sites migrate from a traditional VHF/UHF two-way radio system into what the companies say are cutting-edge wireless networks enabling voice, data and real-time location services. All three play an important role in making this a reality, bringing many benefits to their mining customers. Communicating Everywhere Take automatic channel switching for starters. In dynamic industrial environments maintaining consistent and reliable communications is essential for operational safety and efficiency. TASSTA Americas` software solution enables automatic channel switching, ensuring workers remain connected to the correct network segment as they move throughout the site. This functionality helps prevent communication failures and ensures continuous connectivity across the entire industrial site, enhancing both safety and operational efficiency. Then there are vehicle-mounted push-to-talk (PTT) devices. For industries requiring robust and reliable communication solutions, Siyata offers specialized vehicle-mounted PTT devices designed to withstand the harshest conditions. These devices provide workers with effective communication tools, ensuring reliable, hands-free communication even within vehicles operating in challenging conditions. Safety Front And Center Safety is also top of mind for mining operators and an LTE/5G network system facilitates that and then some, from man-down detection to emergency video functionality. After all, worker safety remains a top priority in any work environment, especially in ones where workers can encounter a number of hazardous elements. TASSTA Americas' advanced software solutions, integrated with Ambra’s private LTE/5G connectivity solutions, include man-down detection systems that utilize sensors to monitor worker status. These systems automatically alert emergency services in the event of a fall or incapacitation, ensuring rapid responses and possibly avoiding critical situations. In the event of an emergency, the availability of real-time visual information can be critical. Ambra’s LTE/5G solutions, coupled with TASSTA Americas' emergency response software, enable the automatic activation of video functionality on devices when the SOS button is pressed. This integration provides emergency responders with immediate visual context to better assess and address the situation. Communicating Without Interferences But the benefits don’t end there. Electromagnetic interference mitigation is another important feature for miners and their workers. In facilities like aluminum smelters, severe electromagnetic interference can pose significant challenges, potentially disrupting the operation of electronic devices and creating safety hazards. Ambra Solutions' Private LTE/5G networks are engineered to function reliably in these environments, maintaining operational integrity even in the presence of strong electromagnetic fields. Siyata says that this capability ensures uninterrupted communication and device functionality, even under the most challenging conditions, with Siyata's rugged devices specifically designed to withstand such adverse conditions. The ability to communicate one-on-one and in groups is also important, which is where flexible talk-groups come in. In dynamic industrial operations, the ability to create and manage multiple talk groups without the need for reconfiguring devices is crucial. TASSTA Americas offers this flexibility, allowing for scalable communication setups that can easily adapt to evolving operational needs. TASSTA Americas software enables the creation of as many talk groups as needed without requiring extensive device reconfiguration or downtime. Recording communications is essential for developing effective emergency response strategies and analyzing incidents post-occurrence. TASSTA Americas' software supports the recording of all communications, providing valuable data that can be used to refine safety protocols and prevent future emergencies. Looking to the future, the Ambra LTE/5G network can also support things like automated guided vehicles or AGVs. Industries like aluminum smelters, where operational conditions are particularly harsh, increasingly rely on AGVs to enhance efficiency and reduce human exposure to dangerous environments. Ambra Solutions’ Private LTE/5G networks provide the robust and reliable communication infrastructure needed for AGVs to operate seamlessly in such challenging environments. While Siyata and TASSTA Americas focus on human communication solutions, Ambra Solutions ensures that the AGVs are fully supported by a network that guarantees high-speed, uninterrupted connectivity, allowing these vehicles to perform autonomously and safely. The integration of Ambra Solutions' Private LTE/5G networks in industrial environments, combined with Siyata's rugged communication devices and TASSTA Americas' advanced software solutions, marks what the companies say is a leap forward in both operational efficiency and safety. These technologies address the unique challenges faced by modern industrial settings, ensuring that industries can operate more safely and efficiently. As industries continue to evolve, the adoption of Ambra’s LTE/5G connectivity, along with Siyata's and TASSTA Americas' products, expect to play a crucial role in creating smarter and safer working environments, and so, even across time and evolving technologies. Ambra is focused on providing their clients a future-proof infrastructure that will be capable of adapting with existing technologies while enabling future use-cases without having to replace hardware or start all over again, which means that networks deployed today are also an investment in tomorrow. Featured photo by Dominik Vanyi 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

October 15, 2024 08:55 AM Eastern Daylight Time

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Lightwave Logic Presents At 2024 European Conference On Optical Communications, Takes Home Award For Innovation

Benzinga

By Meg Flippin, Benzinga From streaming movies and shows to online gaming and AI-powered apps, demand for data is growing at a rapid pace. That is overwhelming network infrastructures, leading to increased congestion which can result in slower speeds, increased latency and disrupted service. This network congestion is only expected to worsen as AI and machine learning become part of our daily lives and data demands reach terabytes and petabytes. Solving that network congestion problem is the main focus of Lightwave Logic, Inc. (NASDAQ: LWLG), the Englewood, Colorado, technology company that makes electro-optic – “EO” – polymers. Lightwave Logic says these EO polymers increase the efficiency of internet infrastructure by allowing more data to be transmitted at significantly higher speeds and with less power than existing solutions on the market. The result, according to the company, is three times faster data transmission speeds and ten times lower power, relieving bottlenecks in infrastructures. Tech Prowess On Display With more than 70 patents and an initial licensing agreement under its belt, it's not surprising Lightwave Logic was a presenter at the 2024 European Conference on Optical Communications (ECOC), which was held in late September in Frankfurt, Germany. ECOC is Europe's leading conference on optical communications and one of the largest and most prestigious events in the field worldwide. The conference brings together experts and leaders from academia, research and industry across the globe to share their latest breakthroughs and visions for the future, giving Lightwave a big platform to show off its technology prowess. And that it did with CEO Dr. Michael Lebby discussing how polymer modulators are now showing performance for 200 Gbps PAM4 lanes, with initial results at 400 Gbps PAM4 lanes and headroom for 800 Gbps lanes. PAM4 lanes use Pulse Amplitude Modulation 4-level (PAM4) to transmit data at high speeds. "Electro-optic (EO) polymer modulators are a hot topic in the industry today as the industry strives to increase modulation speed while reducing optical network equipment power consumption, driven by generative AI-driven needs to upgrade hyperscale data centers,” said Lebby. “We believe that as artificial intelligence, machine learning and other cloud-based services continue to drive the need for higher speed data transmission, the interest in the inherent wide bandwidth, low power consumption and footprint of our world-class performance electro-optic (EO) polymers will grow.” Showing EOs In Action During the event, Lightwave collaborated with Polariton Technologies to demonstrate a packaged device with over 110 GHz super high bandwidth packaged electro-optic polymer modulators. Lebby said through the collaboration the two companies are showing how they can extend the performance of silicon photonics using plasmonics and electro-optic polymers. “This collaboration forms an important technology platform for scalability using large silicon foundries for mass commercialization with 200mm silicon wafers,” he said. But taking part in the prestigious conference wasn’t the only feather in the company’s cap. Lightwave won the 2024 Industry Award for Most Innovative Hybrid PIC/Optical Integration Platform during the conference. It's an award that’s bestowed on companies that develop products and technology that advance the business of optical communications, transport, networking, fiber-based products, photonic integration circuits and related developments. The awards are granted by a technical committee of industry peers and industrial corporations and cover optical materials, components, packages and modules, and optical systems, networks, standards and architecture. "Lightwave Logic is honored to receive the Award for Most Innovative Hybrid PIC/Optical Integration Platform on behalf of Lightwave Logic for the second time, granted by a committee of industry peers, reflecting true market recognition of our technology," said Lebby. "Since winning the award in 2023, we have continued to demonstrate our leadership in the photonics industry with outstanding 200 Gbps per lane performance for our technologies that align well with data center expectations today.” Inking Deals Lebby said the award acts as an important highlight amid ongoing discussions with a broad array of companies to provide designs, material supplies and licensing agreements for its EO polymer materials. Lebby said the discussions are with original equipment manufacturers and tier-1 multinational corporations. During the second quarter, Lightwave said it hosted visits with potential customers at its Englewood, Colorado, volume scale materials facility for inspection and review and to analyze its data rate performance. The company also inked a supply-chain collaboration with Advanced Micro Foundry 's (AMF) Silicon Photonics platform, which it said will accelerate the development of state-of-the-art silicon photonics modulators. As a result, Lightwave Logic expects to ramp up volume of its polymer materials in its manufacturing facility in Colorado, as well as 200-millimeter silicon wafer volume with AMF. Lightwave ended the quarter with $29 million in cash, enough to finance operations through 2025, the company reported. “We are confident in the implicit competitive advantage of our solution to support data centers around the world which are responding to the burgeoning demand for higher speed data transmission from artificial intelligence, machine learning and other cloud-based services,” Lebby said. Featured photo by Umberto 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

October 15, 2024 08:42 AM Eastern Daylight Time

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SuRo Capital: Unlocking Access To Potentially High-Growth Venture Opportunities Like OpenAI And Liquid Death

Benzinga

By James Blacker, Benzinga SuRo Capital Corp (NASDAQ: SSSS), a publicly-traded investment fund founded in 2011, has provided everyday individual investors with access to high-growth, venture-backed companies for over a decade. While venture capital has historically been typically limited to large or institutional investors, SuRo Capital provides exposure to these highly sought-after pre-IPO opportunities to the public. Other options to invest in venture capital are currently limited; complex investment platforms like Fundrise can be difficult to navigate, while other venture-focused platforms often have high barriers to entry. Instead, investors can simply purchase shares of SuRo Capital to gain exposure to a portfolio of potentially lucrative emerging companies. Portfolio Highlights SuRo Capital aims to spot potential early, focusing on late-stage, high-growth private companies that are potentially poised for rapid expansion. Holdings cover a range of sectors and include names like artificial intelligence (AI) developer OpenAI, graphic design software platform Canva, AI hyperscaler CoreWeave and fast- growing beverage brand Liquid Death. Throughout its history, SuRo Capital reports that it has carried out successful exits from some of the biggest companies in the world, notably achieving a 6.9x return on its investment in Palantir (NYSE: PLTR) from 2012-2021 and a 6.6x return on its Coursera (NYSE: COUR) investment over a similar period. Other successful exits include Spotify (NYSE: SPOT), which returned 3.4x over a four-year period, and Lyft (NASDAQ: LYFT), which grew 2.8x during SuRo’s investment from 2014 to 2019. More of SuRo Capital’s select investments and exits can be seen here. Q3 Update: $55 Million In AI Investments In an Oct. 10 press release, SuRo Capital provided an update on its investment portfolio for the third quarter of 2024, noting it was one of the most active investment periods in the last decade. The quarter saw SuRo Capital make a $17.5 million investment in OpenAI, the AI research firm primarily known for developing advanced AI models GPT and DALL-E. SuRo also increased its position in AI cloud computing provider CoreWeave through a $5 million secondary transaction. Following the end of the quarter through Oct. 10, the company also invested $12 million in VAST Data, an AI infrastructure data platform focused on providing enhanced productivity and simple data management, as well as an additional $5 million secondary investment in CoreWeave. “With these new investments and our existing investment in CW Opportunity 2 LP we have invested nearly $55 million into some of the leading AI infrastructure companies. Given AI’s significant addressable market, we believe dedicating a significant portion of our portfolio to AI infrastructure will prove to be successful for our shareholders,” said SuRo Capital chairperson and chief executive officer Mark Klein. As of Sept. 30, SuRo Capital’s portfolio included positions in 36 different companies. The company’s net asset value is estimated at between $6.50 to $7.00 per share, down from $8.41 per share in Sept. 2023. A Potentially Promising IPO Landscape A resurgence in IPO activity in 2024 driven by the tech sector could provide ample exit opportunities for SuRo Capital, particularly with analysts anticipating even more offerings in 2025. Notably, Reddit (NYSE: RDDT) went public earlier this year, rising 48% on its debut. As IPOs gain momentum, SuRo Capital's pre-IPO investments could unlock significant value, offering its shareholders the potential for substantial returns as more companies in its portfolio potentially go public. Featured photo by Scott Graham 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 15, 2024 08:35 AM Eastern Daylight Time

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VOESH New York Unveils Holiday Shop: Featuring Exclusive Holiday Edition Products

VOESH New York

VOESH New York, the leader in clean, vegan body care, is thrilled to announce the launch of its much-anticipated Holiday Shop, bringing a festive touch to self-care routines everywhere. This season, indulge in exclusive holiday edition products featuring the sweet and sensational Golden Vanilla scent that embodies the spirit of the holidays. Whether for personal use or as the perfect gift, VOESH’s holiday offerings promise to make every moment feel special. “The holidays are about sharing joy and love, and what better way to do that than with the gift of clean beauty? Share the glow of radiant, healthy skin this holiday season, and let your loved ones feel the magic of VOESH,” said Vera Oh, Co-Founder of VOESH New York. Introducing Our 2024 Holiday Collection Heel Repair Duo: Get your “mistle-toes” ready for the holiday season! This duo is designed for the ultimate foot care transformation, including VOESH’s Red Moisturizing Heel Socks paired with the Solemate Heel Repair Balm. Perfect for pampering and healing dry, cracked feet, this combination ensures your feet are soft, healthy, and ready for any occasion. The festive red socks add a touch of holiday cheer, making this set a great gift or a treat for yourself. Pedi Moments Golden Vanilla: Experience the perfect at-home pedi for every merry me-time moment with our Pedi Moments kit. This 5-step kit, accompanied by a dual-grit nail file, provides everything you need for a nourishing and soothing pedicure. Infused with the delightful Golden Vanilla scent, this kit transforms your pedicure routine into a spa-like experience. Pedi Moments Duo Golden Vanilla: Elevate your self-care ritual with this deluxe set, featuring two complete Pedi Moments kits. Enjoy the luxurious Golden Vanilla experience twice over, or share the joy by gifting one to a friend. This duo ensures that your feet stay pampered and cared for throughout the holiday season. Golden Vanilla Fragrance Set: Wrap yourself in the comforting aroma of our Golden Vanilla Fragrance Set, which includes a Room & Fabric Fragrance, Hair & Body Fragrance, and Ceramic Fragrance. This set features notes of sweet vanilla bean, golden sugar crystals, and sandalwood, creating a cozy and inviting ambiance perfect for the holidays. Ideal for gifting or adding a touch of holiday spirit to your home. Celebrate the Holidays Early VOESH’s Holiday Shop is opening early, inviting all consumers and retailers to get a head start on holiday shopping. From soothing pedicures to nurturing heel treatments, each product is crafted with clean, high-quality ingredients, ensuring you indulge in self-care that is both luxurious and safe. To explore VOESH’s 2024 Holiday Shop, visit voesh.com. About VOESH New York: Founded in 2013, VOESH New York has emerged as a premier destination for clean and efficacious body care solutions catering to head-to-toe wellness. Noteworthy products include Pedi in a Box, Mani in a Box, the award-winning Shower & Empower Vitamin C Shower Filter, and Collagen Gloves and Socks. VOESH New York is committed to providing 100% vegan, cruelty-free, and sustainable products because every body deserves better beauty! All VOESH New York products are certified by PETA and registered with the US Mocra, EU CPNP and UK SCPN, maintaining vegan, cruelty-free, and dermatologist-tested standards. VOESH New York proudly excludes all 1,680+ EU-banned ingredients and an additional 400+ potentially harmful ingredients. For more information, visit VOESH New York’s website at Voesh.com or contact press@voesh.com. ### All VOESH New York products are certified by PETA and registered with the EU CPNP, and UK SCPN. Always vegan, cruelty-free, and dermatologist-tested, VOESH New York proudly excludes all 1,680+ EU-banned ingredients and an additional 400+ potentially harmful ingredients. VOESH New York products can be found at select Target, Rite Aid, and, Kroger stores nationwide, as well as on voesh.com, amazon.com, walmart.com, and riteaid.com. Contact Details Colleen Mathis +1 917-690-5560 Colleen@absoluterrelations.com Company Website https://voesh.com/

October 15, 2024 08:00 AM Eastern Daylight Time

Soaring Ahead: ZenaTech (Nasdaq: ZENA) Makes Moves in the Booming Drone Market

ZENA

The global commercial drone market is on the rise, estimated at USD 19.89 billion in 2022 and projected to grow at a compound annual growth rate (CAGR) of 13.9% from 2023 to 2030. This surge is fueled by the increasing enterprise applications of drones across diverse industries and continuous technological advancements. As businesses strive to enhance operational efficiencies and reduce costs, innovative drone solutions are becoming indispensable. Amid this growth, ZenaTech (Nasdaq: ZENA) is positioning itself as a notable contender, leveraging its AI-driven drone technology to cater to the evolving needs of sectors like agriculture, defense, and logistics. ZenaTech: A Rising Player in AI Drone Technology ZenaTech is quickly emerging as a notable contender in the AI and drone technology sector, making strides in both drone manufacturing and enterprise SaaS solutions. Founded in 2017, the company has grown its software development expertise and expanded into cutting-edge drone technologies, positioning itself as a promising stock for investors interested in innovative solutions driving operational efficiency across various industries. With a focus on enterprise applications in law enforcement, government, industrial sectors, and beyond, ZenaTech’s diverse product lineup and recent regulatory milestones are pushing the company to the forefront of the drone services industry. ZenaDrone 1000: Enhancing Efficiency in Critical Operations At the heart of ZenaTech’s drone division is ZenaDrone, a wholly-owned subsidiary. ZenaDrone’s flagship product, the ZenaDrone 1000, is an intelligent unmanned aerial vehicle (UAV) designed to tackle a variety of industrial tasks, from military surveillance and agricultural monitoring to humanitarian missions. The ZenaDrone 1000 offers cutting-edge capabilities such as autonomous flight, heavy-lift capabilities, and long-range operation, making it suitable for mission-critical tasks where reliability and precision are paramount. The ZenaDrone 1000 incorporates advanced machine learning and AI, allowing it to automate tasks like plant tracking, crop management, and land surveys. Its heavy-duty construction, featuring carbon fiber layering, 360-degree Lidar, and a 4K stabilized camera, positions it as a top choice for industries like construction, defense, and environmental inspection. With 90-degree tilting rotors and quick-swap batteries, it offers flexibility and ease of use in dynamic environments. According to Dr. Shaun Passley, Ph.D., CEO of ZenaTech, “The ZenaDrone 1000 empowers businesses and organizations with precise and efficient mission execution, offering new horizons in unmanned aerial vehicle applications.” Recent Product Launch: The IQ Nano Most recently, on October 10, 2024, ZenaTech announced the launch of the IQ Nano, a compact indoor drone designed for warehouse inspections and inventory management. The IQ Nano is small but powerful, offering features like autonomous data collection, obstacle avoidance, and a charging pad for convenient use. Weighing just 1.5 kg, the IQ Nano is ideal for indoor applications where space is tight, and drones need to navigate safely around obstacles. “The IQ Nano is breakthrough technology,” said Dr. Passley. “Its ability to automate inspection, maintenance, and inventory monitoring tasks provides immense value to companies in sectors like warehousing and logistics.” FAA Approval: A Critical Milestone One of ZenaTech’s most significant achievements came on October 2, 2024, when the company announced that it had received approval from the Federal Aviation Administration (FAA) to begin live testing and demonstrations of the ZenaDrone 1000 in the United States. This FAA exemption for visual line-of-sight commercial applications is a game changer for ZenaTech, as it enables the company to test its drone solutions with U.S.-based partners in real-world scenarios. “This milestone is central to our work with U.S.-based customers and partners as we refine our drone solutions and expand distribution in the U.S.,” said Dr. Passley. This regulatory approval not only validates the technology but also positions ZenaTech for broader adoption across agriculture, defense, logistics, and search and rescue sectors in the U.S. ZenaDrone’s recent joint venture with Night Sun, a Native American Corporation, highlights its strategic push into the U.S. market. The venture aims to develop drone applications for search and rescue, firefighting, cargo delivery, and land surveying, specifically for use by Native American tribes across the country. The FAA approval allows ZenaDrone to move forward with these initiatives, expanding its footprint in mission-critical drone services. Launching Commercial Drone Services in the U.S. Building on the momentum from its FAA approval, ZenaDrone has initiated Drone-as-a-Service (DaaS) operations through its Phoenix, Arizona, office as of October 8, 2024. This marks a significant step for the company, as it begins generating revenue from commercial drone services, offering solutions in land surveying, inspection, monitoring, and tracking. The company is also working towards receiving an aerial spraying license (14 CFR Part 137), which will enable it to offer agricultural services like plant nourishment and pest control. “We are excited to commence commercial operations in the U.S., which will allow us to expand our reach and revenue streams,” said Dr. Passley. “We believe this is just the beginning as we pave the way for additional regulatory approvals in other countries.” A Stock to Watch With significant technological advancements and growing commercial opportunities, ZenaTech is emerging as a strong player in the AI and drone sectors. Its FAA approval, joint ventures, and commercial operations in the U.S. create a compelling growth narrative for potential investors. As the company continues to expand its product lineup and regulatory approvals, it stands to benefit from the increasing demand for AI-driven drone solutions across multiple industries. For those seeking an up-and-coming company in the drone technology space, ZenaTech (Nasdaq: ZENA ) is one to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by the company to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website http://razorpitch.com

October 15, 2024 06:00 AM Eastern Daylight Time

News Release

Quantum BioPharma Ltd. (NASDAQ: QNTM): Pioneering Alcohol Metabolism Support with Unbuzzd

QNTM

As the health and wellness sector gains momentum, consumers are increasingly seeking products that can aid recovery from the effects of alcohol. Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM), a company focused on developing innovative health solutions, is well-positioned to meet this demand with its groundbreaking product designed to support the body in metabolizing alcohol. Recently, Quantum BioPharma announced a significant business development. On October 7, 2024, its subsidiary, Celly Nutrition Corp, secured a Master Distribution Agreement with FUSION Consulting Group. This agreement could have meaningful implications for the company as it expands the market for its alcohol metabolism product, unbuzzd. The News: Expanding Market Reach Celly Nutrition’s partnership with FUSION, a distributor operating across Puerto Rico, the Caribbean, and parts of Central and South America, could signal a key turning point for Unbuzzd, a product designed to support the body’s natural alcohol metabolization processes. By entering major vacation destinations known for high alcohol consumption, the product will now be distributed through prominent retailers, including Walmart, Walgreens, CVS, Costco, and others. John Duffy, CEO of Celly Nutrition, emphasized the importance of this partnership, stating: “Our partnership with FUSION marks a pivotal moment for Unbuzzd. Their proven success in growing brands across the region will help us expand our footprint while delivering a functional, science-backed product.” Currently available on Amazon in Ready-to-Mix powder sticks, Unbuzzd is also set to launch in Ready-to-Drink 12oz cans. FUSION’s experience distributing other health-conscious beverages like CELSIUS and SHINE Water provides Celly Nutrition with a strategic partner to help Unbuzzd gain traction in these new markets. Why This Matters This development comes at a time when Quantum BioPharma is actively expanding its business model beyond its core focus in biopharmaceuticals. While the company’s primary drug candidate, Lucid-MS, remains in the preclinical stage, Quantum BioPharma’s stake in Celly Nutrition provides a diversification strategy with potential for near-term revenue generation. By retaining a 25.71% ownership stake in Celly Nutrition, Quantum BioPharma is positioned to benefit from any financial success Unbuzzd achieves, with royalties further boosting revenue. Celly Nutrition’s Unbuzzd stands out in the growing wellness and recovery market, offering a solution to help metabolize alcohol faster, promoting clarity, and minimizing aftereffects. With FUSION’s established distribution network, Unbuzzd, now has the opportunity to reach a wider audience, including consumers who may prioritize wellness while still enjoying alcohol responsibly. Eduardo Santacana, CEO of FUSION Consulting Group, expressed enthusiasm about the partnership, stating: “It’s an exciting opportunity to be part of Unbuzzd’s journey. This innovative product helps metabolize alcohol faster, promoting clarity and minimizing the aftereffects of drinking.” With the product entering new markets and retail giants like Walmart and Costco, Unbuzzd’s potential for broad consumer adoption increases, which could contribute meaningfully to Quantum BioPharma’s future financial performance. This partnership underscores Quantum BioPharma’s strategy to diversify and expand its revenue streams. Although the company remains committed to advancing its biopharmaceutical pipeline, particularly with the development of Lucid-MS, its involvement in Celly Nutrition offers a complementary business avenue in the wellness space. As Unbuzz gains traction in markets known for high tourist activity, Quantum BioPharma stands to benefit from the increased visibility and sales that FUSION’s network could generate. The company’s decision to remain invested in Celly Nutrition suggests confidence in the product’s potential to deliver near-term returns. If Unbuzzd continues to resonate with consumers in these key markets, it could help bolster Quantum BioPharma’s financial performance in a way that supports its long-term biopharma ambitions. Conclusion: Quantum BioPharma Ltd. (NASDAQ: QNTM) (CSE: QNTM) has taken an important step in expanding its business with Celly Nutrition’s Master Distribution Agreement. This partnership with FUSION Consulting Group has the potential to introduce Unbuzzd to new markets and drive significant sales, complementing Quantum BioPharma’s ongoing drug development efforts. With the potential for sales growth and diversification of its revenue streams, QNTM could emerge as a compelling stock to monitor in the evolving health and wellness market. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performances are not statements of historical fact and may be forward-looking statements. Forward-looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties that could cause actual results or events to differ materially from those presently anticipated. Forward-looking statements in this action may be identified through the use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investor's investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Awareness Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only; you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third-party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details RazorPitch Mark McKelvie +1 585-301-7700 Mark@razorpitch.com Company Website http://razorpitch.com

October 15, 2024 06:00 AM Eastern Daylight Time

News Release

Sergiy Groza and Volodymyr Naumenko sentenced to prison by English High Court Judge

Argentem Creek Partners

Sergiy Groza and Volodymyr Naumenko, former ultimate beneficial owners of GN Terminal Enterprises, sentenced to 21 months in prison by English High Court judge, Mr. Justice Bryan. Groza and Naumenko breached an asset disclosure order, made in support of a worldwide freezing order (“WFO”). London, UK, 15 October 2024 – The former ultimate beneficial owners (“UBO”) of the Ukrainian import-export business GN Terminal Enterprises (“GNT”), Sergiy Groza and Volodymyr Naumenko, have been sentenced to 21 months in prison by a judge of the English High Court for failing to comply with a worldwide freezing order (“WFO”). Groza and Naumenko were found to be in contempt of court by Mr Justice Bryan during a committal hearing on Friday, 30th August for breaching an asset disclosure order made in support of the WFO, before being sentenced on Friday 4 th October 2024. The disclosure order was made in April 2024, pursuant to the US$118 million English High Court WFO over Groza and Naumenko’s assets, in order for Madison Pacific Trust Limited to be able to police Groza and Naumenko’s compliance with the WFO. But the Ukrainian businessmen actively refused not to comply with the disclosure order, which has ultimately led to their committal for contempt of court (to the criminal burden of proof) and them being sentenced to prison. Groza attended the sentencing hearing remotely, but did not respond when asked by the Judge if he wished to say anything in his defence, despite being given the use of a Ukrainian translator, while Naumenko did not appear at all. Mr Justice Bryan issued warrants of committal for Groza and Naumenko meaning they will be arrested when they next set foot in the United Kingdom. Nicholas Cherryman, a barrister instructed by Groza and Naumenko only the night before the hearing, requested an adjournment which was rejected by Mr Justice Bryan. The judge condemned the late appointment of lawyers (which was only notified to the court an hour before the sanction hearing commenced) as “the hallmarks of a last minute ploy to secure an adjournment.” Groza and Naumenko are represented by Fortior Law SA, Solsidus Law, Appleby and M.B. Kemp LLP in various proceedings around the world. The WFO was originally obtained by Madison Pacific on behalf of GNT’s secured lenders, Argentem Creek Partners (“ACP”) and Innovatus Capital Partners (“Innovatus”), in January 2023. It was upheld after an unsuccessful challenge by Groza and Naumenko in February 2024. The presiding judge, Mr Justice Jacobs, stated that he was concerned about the “very real risk of dissipation [of assets].” He added that the asset dissipation case is “one where the evidence is as strong as any that I have ever seen.” The disclosure order required Groza and Naumenko to provide further information about US$97 million of dividends received over a 10-year period from their shareholding in GNT; nominees holding their assets; and funding of their legal fees in these and related proceedings via Waylink Assets, a company owned by Groza. Mr Justice Bryan, Judge of the Commercial Court, noted in his sentencing that “I am satisfied that the Claimant continues to suffer very real prejudice as every day goes by when the Defendants continue to fail to comply with the Disclosure Order the very purpose of which is to police the freezing injunction.” He also noted that an 80-page witness statement submitted by Naumenko shortly before the committal hearing highlighted “the lengths to which [Groza and Naumenko] have gone to fight and, the Claimants would say, seek to frustrate, the Claimant's debt enforcement steps around the world.” He also referred back to the "fierce resistance" Mr Justice Jacobs found in his judgment upholding the WFO. Daniel Chapman, CEO and founder of Argentem Creek Partners, commented: “Any entity, private or public, which is working with Groza and Naumenko should stop conducting business with these bad actors. Case after case in Ukraine and across the world have laid out the truth: Groza and Naumenko are flagrantly breaking the law and ignoring court orders. With them now being sentenced to prison in England, it is the time for legitimate businesses and local government entities alike to truly stand up for the rule of law. Facilitating unlawful behavior cannot be tolerated at any level.” John Patton, Head of EMEA & Asia at Argentem Creek Partners, said: "This is a step toward justice. The decision by the English High Court reinforces that Sergiy Groza and Volodymyr Naumenko have continued to break the law for personal gain. They have consistently taken deliberate steps to hide and strip their assets from GNT Group and avoid disclosure of any information even when ordered by competent courts. Finally, they are being held responsible for their actions. “At a time when Ukraine needs its companies to pay taxes in full and support the country’s war effort, Groza and Naumenko are hiding millions of dollars offshore, using a company run by Russian citizen, Mikhail Ipatov.” Ana Firmato, Managing Director at Innovatus, added: “Justice Bryan’s decision is clear and unequivocal. Sergiy Groza and Volodymyr Naumenko have consistently and deliberately exploited the law for personal and financial gain, and this sentencing holds them accountable for their repeated wrongdoing. We appreciate the support of the English High Court and look forward to bringing the former ultimate beneficial owners of GNT to justice." In 2019, ACP provided a US$75 million loan to GNT Group under a secured English law facility agreement. This loan benefits from security over the majority of GNT's assets and guarantees from most of GNT's subsidiaries, as well as personal guarantees from Groza and Naumenko. In January 2021, GNT also obtained a US$20 million working capital facility from Innovatus. GNT repeatedly failed to pay interest on these two loans and failed to repay them at their maturity date in December 2021. When the creditors began to investigate why they were failing to reimburse their debts, an asset dissipation scheme worth millions was revealed. This revelation caused the creditors to enforce to protect their position. The criminal sentencing in the UK is separate to ongoing criminal investigations into fraud and asset stripping alleged to have been undertaken by Groza, Naumenko and certain of their associates including Serbian Dusan Denic and Russian Mikhail Ipatov. Denic is also facing a civil fraud case in New York arising out of his part in the scheme. ENDS Notes to editors: You can find the full judgement here. About Argentem Creek Partners Argentem Creek Partners is an emerging markets specialist investment firm committed to delivering value for investors and partners. The firm seeks to deliver uncorrelated emerging market alpha by investing in special situations, private credit, high yield, trade finance, and bespoke capital solutions. Argentem Creek was founded in 2015 by Daniel Chapman and his former team from Cargill, Inc. subsidiary, Black River Asset Management. https://www.argentemcreek.com About Innovatus Capital Partners, LLC Innovatus Capital Partners, LLC is a New York based registered investment adviser and portfolio management firm with over US$1.8B in assets under management; focused on creating value across special situations, emergent asset classes, private credit and asset-based investments. Innovatus adheres to an investment strategy that identifies disruptive and growth opportunities across multiple asset categories with a unifying theme of capital preservation, income generation, and upside optionality. The Firm has a dedicated team of agriculture finance investment professionals with deep experience in emerging market lending and a strong network of relationships across local contacts and industry participants. www.innovatuscp.com Contact Details Argentem Creek Partners media@argentemcreek.com media@argentemcreek.com Company Website https://www.argentemcreek.com/

October 15, 2024 04:24 AM Eastern Daylight Time

Understanding Wagering Requirements: What Every Player Should Know

Acroud Media

An essential guide to help players make the most of their online casino bonuses. Online casino bonuses can be a great way for players to boost their bankroll and extend their gaming sessions, but understanding the wagering requirements tied to these offers is crucial to making the most of them. In this guide, we break down what wagering requirements are, how they affect your bonus, and what players should know before claiming a bonus. What Are Wagering Requirements? Wagering requirements, often called playthrough or rollover requirements, refer to the number of times players must wager the bonus amount (or the combined deposit and bonus) before they can withdraw any winnings. These conditions are attached to most casino bonuses, such as deposit match offers and free spins. For example, if you receive a £100 bonus with a 20x wagering requirement, you’ll need to bet £2,000 (20 x £100) before you can cash out any winnings associated with the bonus. Wagering requirements are commonly found in free spins no deposit bonuses. You can find out more about the best free spins no deposit bonuses and more on how to navigate wagering requirements here. Why Do Casinos Have Wagering Requirements? Casinos use wagering requirements to prevent players from immediately withdrawing bonus funds without using them for gameplay. These conditions ensure that players engage with the casino and games, balancing the rewards casinos offer with the business's operational sustainability. Types of Bonuses with Wagering Requirements Different types of bonuses come with their own wagering conditions. These include: Deposit Match Bonuses: A percentage of your deposit added as bonus funds (e.g., 100% deposit match up to £200). No Deposit Bonuses: Bonuses offered without requiring an initial deposit, often with higher wagering requirements. Free Spins: Winnings from free spins often have wagering requirements before withdrawal is allowed. Cashback Bonuses: Some cashback offers may include wagering on the bonus funds returned to players. How to Calculate Wagering Requirements Wagering requirements can vary, typically ranging from 20x to 50x the bonus amount. Here's how they work in practice: Bonus Only: If the requirement is applied to the bonus only, you multiply the bonus amount by the requirement. Example: A £50 bonus with a 30x wagering requirement means you need to wager £1,500 (30 x £50). Bonus + Deposit: In some cases, the requirement applies to both the bonus and the deposit. Example: A £50 deposit and £50 bonus with a 30x wagering requirement means you must wager £3,000 ([£50 + £50] x 30). Top Tips for Navigating Wagering Requirements For players looking to maximize their bonus experience, here are some key tips to keep in mind: Read the Terms and Conditions: Always check the wagering requirements and other bonus terms before opting in. Look for hidden details like game restrictions or maximum bet limits. Consider the Wagering Multiplier: Lower wagering requirements (20x-30x) are typically more favorable for players and easier to meet. Higher requirements can make it harder to withdraw winnings. Check Game Contributions: Not all games contribute equally to wagering. Slots often contribute 100%, but table games like blackjack or roulette may only contribute 10% or less. Time Limits: Bonuses often come with time limits for meeting wagering requirements, typically between 7 to 30 days. Make sure you’re aware of how long you have to fulfill the conditions. Know Your Maximum Win: Some bonuses cap the amount you can win or withdraw from bonus funds, so check for any maximum payout limits. What to Look for in a Fair Casino Bonus Not all bonuses are created equal. Players should look for: Reasonable Wagering Requirements: Bonuses with 20x to 40x wagering requirements are considered fair and achievable. Transparency in Terms: The best casinos will clearly state all terms and conditions, including wagering requirements, eligible games, and time limits. No Sticky Bonuses: A “sticky” bonus cannot be withdrawn and is deducted from your balance when you cash out. Avoid these when possible, or ensure you understand their terms. It is important to always gamble responsibly, and seek help via one of the following resources if you feel it is necessary. https://www.gamcare.org.uk/ https://www.nhs.uk/live-well/addiction-support/gambling-addiction/ https://www.gambleaware.org/ Contact Details Acroud Media info-media@acroudmedia.com

October 15, 2024 04:24 AM Eastern Daylight Time

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