Elliptic Labs Chosen for Transsion’s Infinix Note 40 Series Smartphones

Elliptic Labs Chosen for Transsion’s Infinix Note 40 Series Smartphones




Elliptic Labs Chosen for Transsion’s Infinix Note 40 Series Smartphones

OSLO, Norway–(BUSINESS WIRE)–#AIVirtualProximitySensorElliptic Labs (OSE: ELABS), a global AI software company and the world leader in AI Virtual Smart Sensors™ currently deployed in over 500 million devices, has launched its AI Virtual Proximity Sensor™ INNER BEAUTY® on Transsion’s latest smartphone release, the Infinix Note 40 series. Transsion, the fifth largest smartphone maker globally, is releasing the Infinix Note 40 smartphone series for the global market. The Infinix Note 40 series is comprised of four smartphones: the Infinix Note 40, Note 40 Pro, Note 40 Pro 5G, and Note 40 Pro+ 5G. All four smartphones are driven by Elliptic Labs’ partner MediaTek’s chipsets, with MediaTek’s Helio G99 chipset driving both the Note 40 and Note 40 Pro versions and the Dimensity 7050 chipset is at the core of the Note 40 Pro 5G and Note 40 Pro+ 5G smartphones. The contract for this launch was previously announced by Elliptic Labs.


“Transsion, a top-5 global smartphone maker, is launching another four smartphones utilizing our AI Virtual Smart Sensor Platform™,” said Laila Danielsen, CEO of Elliptic Labs. “Since 2022, we have released (12) Transsion devices to market utilizing our AI Virtual Smart Sensors. In the same time, we’ve seen Transsion grow from a smaller smartphone OEM into a global Top-5 smartphone maker. The latest launch of Transsion-brand Infinix’s value-focused devices incorporating our AI Virtual Proximity Sensor, INNER BEAUTY, underscores the critical impact of our 100% software-based AI Virtual Smart Sensors. Together with Transsion and our other global customers, we are committed to bringing to market, devices that are greener, smarter, and human-friendly.”

AI Virtual Proximity Sensor INNER BEAUTY

Elliptic Labs’ AI Virtual Proximity Sensor detects when a user holds their phone up to their ear during a call, allowing the smartphone to turn off its display and disable its screen’s touch functionality. This keeps the user’s ear or cheek from triggering unwanted actions during the call, such as hanging up or dialing numbers. Turning off the screen also helps conserve battery life.

Proximity detection is a core capability that is used in all smartphones, but Elliptic Labs’ AI Virtual Proximity Sensor is a unique, software-only solution that delivers robust proximity detection without the need for a dedicated hardware sensor. By replacing hardware sensors with software sensors, the AI Virtual Proximity Sensor reduces device cost and eliminates sourcing risk.

INNER BEAUTY is a registered trademark of Elliptic Labs.

AI Virtual Smart Sensor, AI Virtual Proximity Sensor, and AI Virtual Smart Sensor Platform are trademarks of Elliptic Labs.

All other trademarks or service marks are the responsibility of their respective organizations.

About Elliptic Labs

Elliptic Labs is a global enterprise targeting the smartphone, laptop, IoT, and automotive markets. Founded in 2006 as a research spin-off from Norway’s Oslo University, the company’s patented software uses AI, ultrasound and sensor fusion to deliver intuitive 3D gesture, proximity-, presence-, breathing- and heartbeat-detection experiences. Its scalable AI Virtual Smart Sensor Platform creates software-only sensors that are sustainable, human-friendly and already deployed in hundreds of millions of devices around the world. Elliptic Labs is the only software company that has delivered detection capabilities using AI software, ultrasound, and sensor fusion deployed at scale. The company joined the Oslo Børs main listing in March 2022.

Elliptic Labs is headquartered in Norway with presence in the USA, China, South Korea, Taiwan, and Japan. Its technology and IP are developed in Norway and are solely owned by the company.

Contacts

PR Contacts:
Patrick Tsui

pr@ellipticlabs.com

Investor Relations:
Lars Holmøy

Lars.Holmoy@ellipticlabs.com

New ASEAN Energy and ACTUAL Sign Cooperation Agreement to Develop Net-Zero Plan for the New $5B USD Pengerang Energy Complex

New ASEAN Energy and ACTUAL Sign Cooperation Agreement to Develop Net-Zero Plan for the New $5B USD Pengerang Energy Complex




New ASEAN Energy and ACTUAL Sign Cooperation Agreement to Develop Net-Zero Plan for the New $5B USD Pengerang Energy Complex

  • Pengerang Energy Complex has signed over $102B USD off-take agreements with several blue-chip energy providers, including Equinor, Chevron, PTT, and Mitsui.
  • It is anticipated to have higher margins and a materially lower environmental footprint than similar plants.
  • The Agreement between New ASEAN Energy and ACTUAL focuses on building a scientifically and technologically credible net-zero investment plan leveraging ACTUAL’s AI-driven capital planning technology. The plan seeks to improve PEC’s environmental performance further to move it toward net zero.

SAN FRANCISCO–(BUSINESS WIRE)–New ASEAN Energy (NAE) and ACTUAL have formed an agreement, leveraging ACTUAL’s AI-driven capital planning technology to develop a comprehensive net-zero emissions strategy for The Pengerang Energy Complex (PEC).


PEC is set to be one of the world’s largest and most competitive integrated condensate splitter and aromatics facilities. Having signed over $102B USD of off-take agreements with several blue-chip energy providers, including Equinor, Chevron, PTT, and Mitsui, PEC is anticipated to have higher margins and a materially lower environmental footprint than similar plants.

PEC’s outputs are strategically important for industries including textiles, bottling, housing, and pharmaceuticals. PEC is poised to set industry-leading benchmarks, achieving the lowest carbon footprint per ton of Paraxylene (PX) produced by any facility globally, thereby delivering best-in-class performance across many materials. The Agreement between NAE and ACTUAL focuses on building a scientifically and technologically credible transition plan leveraging ACTUAL’s AI-driven capital planning technology. The plan seeks to improve PEC’s environmental performance further to move it towards becoming one of the first net-zero facilities globally.

Decarbonizing complex plants like PEC requires a multi-layered approach. ACTUAL and NAE plan to iteratively investigate several strategies, such as the construction of green renewable power plants for facility operations; blue and green hydrogen production; native green feedstocks for the production of sustainable aviation fuel (SAF); carbon capture technologies such as the use of mineralization or algae; alternative sources for industrial heat such as geothermal, among many others.

“ACTUAL’s technology was designed for exactly this kind of important effort — decarbonizing industries critical to our economy and resilience,” said Karthik Balakrishnan, co-founder of ACTUAL. “We are excited to collaborate with NAE to build scientifically valid capital plans that could set PEC on the path towards net zero.”

“With our focus on investing in and operating high-margin, low-carbon facilities in Southeast Asia, engaging with new and innovative ways to improve our sustainability posture is critical,” said William I.Y. Byun, CEO of NAE. “This collaboration is exciting because of the potential to show a clear, articulate pathway towards net zero for one of the premier new facilities in the region.”

About New ASEAN Energy:

NAE focuses on the management and operations of low-carbon petrochemical plants in the ASEAN region. NAE is led by CEO William I.Y. Byun, a seasoned expert in infrastructure investing and renewable energy across the Asia climate sector, and CFO Mayank Vishnoi, who previously served as CEO of a listed holding company at SGX (Singapore) and worked on multiple fund-raising transactions in the infrastructure and renewable energy sectors across Southeast Asia. NAE’s board directors includes:

  • Bobby Tudor, previously a partner with Goldman Sachs and the former Chairman and founder of Tudor, Pickering, Holt & Co., now a part of Perella Weinberg Partners
  • Stephen Trauber, who previously served as the Vice Chairman & Global Head of Natural Resources & Clean Energy Transition for Citi Bank, Vice Chairman & Global Head of Energy for UBS, Managing Director and Head of Energy for Morgan Stanley and Vice President of Energy M&A Group for Credit Suisse First Boston
  • Robert Turnham, former President, Director and founding partner of Goodrich Petroleum Corporation, a public exploration and production company for 26 years
  • Neil Bush, Chairman of Atlas Renewable Inc, Co-Chairman of CIIC, Chairman of A&A Investments, Chairman of the George HW Bush Foundation for US China Relations, and Chairman of the Bush School of Government and Public Service Advisory Board
  • Laique Rehman, founder and Chief Executive Officer of US Petrochemicals Inc

About ACTUAL:

Founded in 2018 by Rajesh Chandran, Karthik Balakrishnan, Ph.D., and Derek Lyons, Ph.D., ACTUAL builds the first-in-category AI-driven capital planning technology designed to help large enterprises globally build capital plans to meet their net-zero and UN-SDG aligned targets. ACTUAL’s platform enables leaders to build living capital plans that are always up to date, in compliance with evolving standards, and available for stakeholder inspection. ACTUAL’s platform has been recognized by Business Intelligence Group as a 2022 Sustainability Product of the Year, is a TIME Best Inventions 2022 winner and an honoree of Fast Company’s 2023 Innovation By Design Award. ACTUAL is backed by Energy Capital Ventures, Buckley Ventures, Hyper, Social Impact Capital, Wndrco, Sequoia Scout, Signalfire Scout, Craft Scout and Global Founders Capital. For more information, visit actualhq.com.

About Pengerang Energy Complex:

Pengerang Energy Complex (“PEC”) is set to be one of the largest and most competitive integrated condensate splitter and aromatics facilities in the world. PEC is located in the Pengerang Integrated Petroleum Complex (PIPC) in Johor, Malaysia, directly opposite Singapore. The resulting downstream products are used in a wide range of consumer products (textiles, bottles, housing, pharmaceuticals). The 6.5 million metric tonnes per annum (mmtpa) facility will in turn produce aromatics of 2.3 mmtpa, energy products output of 3.9 mmtpa and hydrogen output of 50,000 metric tonnes per annum (mtpa).The condensate splitter will produce heavy naphtha, a primary feedstock for the aromatics plant whereas the hydrogen produced is planned to be used to support development of downstream renewable fuels facilities in Johor.

The US$5 billion project is estimated to generate an annual export turnover of US$5 billion for Malaysia. Involving fully automated processes, the greenfield PEC has been designed to optimize energy efficiency, minimize equipment size, and significantly reduce greenhouse gas emissions in line with International Financial Corporation’s (IFC) performance standards. Offering the latest technological advances, the world-class PEC facility will be one of the largest and most energy efficient integrated condensate splitter and aromatics facilities globally, strategically located to serve the regional Asian markets and satisfy forecast long-term sustained regional growth. ChemOne Group, a leading energy and petrochemicals project developer based in Singapore, is the master developer for the project. ChemOne’s successful track record over the last 40 years includes developing similar projects in Southeast Asia.

Contacts

Natalie Bartels

VSC, on behalf of ACTUAL

actual@vsc.co

Mobvista Achieves $1.05B in 2023 Revenue, Sees Significant Profit Increase

Mobvista Achieves $1.05B in 2023 Revenue, Sees Significant Profit Increase




Mobvista Achieves $1.05B in 2023 Revenue, Sees Significant Profit Increase

SINGAPORE–(BUSINESS WIRE)–Mobvista (1860.HK), a leading global marketing and advertising technology company, has today released its financial results for the twelve months ending December 31, 2023.


Performance highlights:

  • Group Revenue: Revenue increased 17.9% year-over-year (YoY) to the recorded high of $1.05 billion, and net revenue increased 26.2% YoY to $284 million.
  • Group Profitability: A gross profit of $217 million, up 22.7% YoY, and an adjusted EBITDA of $105 million, up 191.3% YoY.
  • Mintegral, a Mobvista subsidiary specializing in programmatic advertising, showcased exceptional performance. In 2023, Mintegral’s revenue climbed to $980 million, up 18.8% YoY.

Effective cost management and operational optimization markedly boosted business profitability.

During the reporting period, Mobvista achieved notable improvements in cost efficiency due to advancements in its machine learning-based advertising systems. Additionally, by implementing multi-cloud scheduling, introducing various new computing technologies, and applying personalized computing power technology, Mobvista successfully met the goal of unit server cost reduction to 5% by the end of 2023.

Regarding operational management in the fourth quarter of 2023, Mintegral achieved an impressive publisher retention rate of 94.7%. This period also saw a significant expansion in the supply-side business, as evidenced by a 21.8% increase in the number of apps partnering with Mintegral.

Additionally, from 2022 to 2023, the retention rate of enterprise-level customers contributing over $100,000 in revenue, was 93.3%, with a dollar-based net expansion rate of 115.0%.

Significant Breakthroughs in Mid-Core and Hardcore Game Revenue

Mintegral has also actively seized opportunities in hybrid monetization, enhancing its targeting and bidding strategies, including return on ad spend (ROAS), to ensure the achievement of advertising goals.

As a result, while maintaining its leading position in casual games, Mintegral further captured the mid-core and hardcore game market, which has a higher proportion of in-app purchases. Revenue from mid-core and hardcore games increased 66.3%, accounting for 29.1% of Mintegral’s total revenue in 2023.

The company conducted share buybacks exceeding HKD 100 million in 2023, and the buyback program is expected to continue, potentially further stabilizing investor expectations and boosting market confidence.

For more detailed information on Mobvista’s financial highlights, please refer to the 2023 Financial Report.

About Mobvista

Mobvista delivers the technology that drives app businesses towards global growth. Our suite of software is powered by advanced machine learning and supports every phase of the user journey. We provide meaningful user engagement, make user acquisition efficient, and maximize your app’s revenue potential. For more information, please visit www.mobvista.com.

Contacts

Media Relations

marketing@mobvista.com

Belkin BoostCharge Pro Magnetic 3-in-1 Stand with Qi2 Is Now Available

Belkin BoostCharge Pro Magnetic 3-in-1 Stand with Qi2 Is Now Available




Belkin BoostCharge Pro Magnetic 3-in-1 Stand with Qi2 Is Now Available

Buy now on belkin.com

LOS ANGELES–(BUSINESS WIRE)–Belkin:




What: Announced at CES 2024 earlier this year, Belkin’s BoostCharge Pro Magnetic 3-in-1 Stand is now shipping. The new 3-in-1 stand delivers up to 15W of fast wireless charging to iPhone 13 or newer with Qi2, fast charging for Apple Watch Series 7 and later, and optimal charging for wireless earbuds – all at the same time. It is available to order now for $149.99 USD on belkin.com and coming soon to major retailers.

When: Monday, March 18, 2024

Where: https://www.belkin.com/P-WIZ023.html

Additional information: The BoostCharge Pro Magnetic 3-in-1 Stand joins the BoostCharge Pro 2-in-1 Magnetic Pad and BoostCharge Pro Convertible Magnetic Stand in Belkin’s growing Qi2 portfolio catering to the early adopters who want the latest tech. To see the full collection, visit: https://www.belkin.com/products/wireless-chargers/qi2-wireless-chargers/

About Belkin

Belkin is a California-based accessories leader delivering award-winning power, protection, productivity, connectivity, and audio products over the last 40 years. Designed and engineered in Southern California and sold in more than 100 countries around the world, Belkin has maintained its steadfast focus on research and development, community, education, sustainability and most importantly, the people it serves. From our humble beginnings in a Southern California garage in 1983, Belkin has become a diverse, global technology company. We remain forever inspired by the planet we live on, and the connection between people and technology.

Contacts

Jen Wei

VP of Global Communications and Corporate Development

comms@belkin.com

Ether Capital Corporation Reports 2023 Q4 and Annual Financial Results

Ether Capital Corporation Reports 2023 Q4 and Annual Financial Results




Ether Capital Corporation Reports 2023 Q4 and Annual Financial Results

TORONTO–(BUSINESS WIRE)–Ether Capital Corporation (“Ether Capital” or the “Company”) (Cboe CA: ETHC) announces the reporting of its audited consolidated financial results for the year ended December 31, 2023.


During the year, the Company:

  • Increased its Staked Ether from 20,512 to 45,440 Ether units, representing approximately 98% of its Ether unit balance.
  • Began staking its Ether on its proprietary in-house infrastructure, which at December 31, 2023 was 64% of all staked Ether.
  • Earned staking rewards of 1,843 Ether, equating to Staked Ether Rewards (yield) of $4,496,102, compared to $2,445,369 in Fiscal 2022. During the year ended December 31, 2023, the gross yield was 4.94% p.a. (5.13% for 2022).
  • Implemented a reduction in employee-related and other operating overhead expenses of $0.8 million on an annualized basis.
  • Repurchased 726,400 shares under its Normal Course Issuer Bid Program (the “NCIB”) at a weighted average share price of $2.00 per share, for a total cash consideration of $1,430,359. Total shares repurchased represent a reduction of 2.9% of the public float of issued and outstanding shares from the time the NCIB program was commenced in June 2023. The earnings per share impact of the NCIB was $0.04.

We believe these actions have helped position the Company for continued positive Operating Profit (a non-IFRS measure defined as Revenue less Operating Expenses before Impairment and Revaluation Expenses).

Highlights of our financial results include:

  • The total value of digital assets held by the Company was $140.3 million as at December 31, 2023 versus $73.1 million as at December 31, 2022; a 91.9% year-over-year increase. The increase was primarily the result of the 86.5% increase in the value of Ethereum, to $3,022 at the end of 2023 ($1,620 in 2022).
  • Total revenue in fiscal 2023 was $5.2 million versus $3.7 million in fiscal 2022, representing an increase of 39.5%.
  • The Company incurred Operating Expenses before Impairment and Revaluation Expenses (“Operating Expenses”) in fiscal 2023 of $3.7 million, a 6.1% decrease from fiscal 2022’s level of $3.9 million.
  • Revenue in Q4 2023 increased 78% to $1.4 million versus $0.8 million in Q4 2022, due in part to an increase in the market price of Ether in Q4 2023 versus Q4 2022. Operating Expenses in Q4 decreased by 16% to $0.8 million from $0.9 million for Q4 2022.
  • Fiscal 2023 generated a positive Operating Profit of $1.5 million, compared with an Operating Loss in fiscal 2022 of $0.2 million. The improvement was attributable to higher Staked Ether Rewards due to the staking strategy outlined above and lower Operating Expenses resulting from the cost reduction initiatives noted above.
  • Shareholders’ Equity as at December 31, 2023 was $134.6 million compared to $75.6 million a year ago; an increase of 78.0%. Shareholders’ Equity per share also increased, from $2.24 per share at the end of fiscal 2022 to $4.02 per share at the end of fiscal 2023. The increases in fiscal 2023 were primarily attributable to the 91.9% increase in the value of the digital assets in 2023.

Revenue Highlights

The Company’s strategy to implement a leaner operating model and increase its staking resulted in a positive Operating Profit for fiscal 2023 of $1.5 million, compared to an Operating Loss of $0.2 million in fiscal 2022. See the table below for a reconciliation of this non-IFRS measure back to Revenue (the most closely comparable IFRS measure).

 

2023

2022

Change

Revenue

$5,211,517

$3,735,714

39.5%

Operating Expenses

$3,670,191

$3,908,905

(6.1%)

Revenue less Operating Expenses before Impairment and Revaluation expenses

$1,541,326

($173,191)

990.0%

Ether and Staking Results

The Company earned Staked Ether Rewards revenue of $4.5 million for the year ended December 31, 2023 (compared to $2.4 million for 2022). The year-over-year increase was attributed to (i) the increased level of Ether treasury being staked, (ii) a full year of earning yield generated from Execution Layer Rewards (versus 3.5 months in fiscal 2022), and (iii) to a lesser extent the increase in the price of Ether during fiscal 2023. Annualized staking yield in fiscal 2023 was 4.94% (5.13% in fiscal 2022). Current yields are approximately 3.84% as at March 14th (unaudited).

“Our staking strategy, which was executed on over fiscal 2023, proved to have had a positive impact. The Company increased its staked Ether to 45,440 units by the end of 2023, an increase of 121.5% from December 2022. At year end, the Company was staking 64% of its Staked Ether using its internal, lower cost infrastructure,” said Jillian Friedman, COO and interim CFO. The Company plans to continue to migrate its Staked Ether to the internal infrastructure in the first half of fiscal 2024, which is expected to yield additional cost savings, pending the outcome of the strategic review.

Assets, Liabilities, and Equity

Assets, Liabilities & Equity (in $ millions)

December 31, 2023

December 31, 2022

Total Assets

$141.3

$76.1

Digital Assets

$140.3

$73.1

Cash & Marketable Securities

$0.8

$2.9

Current Liabilities

$0.7

$0.5

Deferred Tax Liability

$6.0

Shareholders’ Equity

$134.6

$75.6

Shareholders’ Equity Per Share

$4.02

$2.24

Over the 2023 fiscal year, the trading price of Ether increased by approximately 88% and thus impacted the valuation of the Company’s digital assets. The Company’s Ether, valued at $73.1 million on December 31, 2022, increased to $140.3 million on December 31, 2023. The price of Ether as at December 31, 2022, was CAD$1,620 versus CAD$3,022 as at December 31, 2023.

The total cryptocurrency market capitalization saw an impressive increase in 2023, reflecting renewed positive sentiment across the industry in the second half of the year. The anticipated Shanghai Upgrade took place in April 2023 and facilitated the withdrawal of Staked Ether.

Operating Expenses

In June 2023, the Company implemented the 2023 Restructuring, which primarily impacted Operating Expenses. Operating Expenses decreased in the second half of fiscal 2023, to $1.6 million; a 25.0% decline from the first half of fiscal 2023. Expenses were $3.7 million in the current fiscal year, comparing favourably with the prior year’s amount of $3.9 million. On a quarterly basis, fourth quarter Operating Expenses in 2023 declined by 15.9% from the comparable period in fiscal 2022. These decreases were primarily attributable to reduced employee compensation (salaries, benefits, and share-based compensation expenses). The full effect of the employee reductions on Operating Expenses are expected to be visible in the first quarter of 2024 and on a go-forward basis. During the year ended December 31, 2023, the Company incurred $131,000 in severance costs related to the restructuring (Q4 – nil).

NCIB

On June 15, 2023, the Company announced it had received approval to implement a NCIB with Cboe Canada (formerly known as the NEO Exchange) for the purchase of up to 7.5% of its Common Shares. Pursuant to the NCIB, the Company may purchase up to a maximum of 2,566,662 Common Shares. During the year ended December 31, 2023, 726,400 shares were purchased and cancelled for a cost of $1,437,704 including commissions, at a weighted average share price of $2.00 per share.

Strategic Review

In December 2023, the Company announced that it was initiating a strategic review to determine the best path forward for the Company’s development. The strategic review is ongoing. The Company is continuing to focus on maximizing operational efficiency and yield generation as it undertakes the strategic review process.

Supplementary Information

The following supplementary financial and other data is provided for information purposes, noting that it is unaudited and dated as at March 14th 2024:

– 46,203 total Ether, including 45,408 staked Ether.

– $1.06 million cash.

– 33,060,020 shares issued and outstanding.

– Staking yield (31-day average) at 3.84%.

From January 1 to February 29, 2024, the Company purchased an additional 356,000 shares at a cost of $1,103,093.

The Company sold 391 units of Ether on January 23, 2024, for a value of $1,161,923, and on March 8, 2024, sold 156 units of Ether for a value of $810,248. The funds are used to provide cash for the NCIB and operations.

About Ether Capital Corporation

The Company’s mission is to be the premier access point in the public markets for investment in Ethereum’s native token, Ether. The Company generates yield on its Ether treasury through staking, a process that allows Ether holders to participate in securing the Ethereum network and earn rewards in the form of additional Ether tokens.

The Company’s strategy is to hold and stake Ether, build intellectual property related to staking and Ethereum infrastructure in general, and supplement staking income with consulting and sub-advisory mandates in the digital asset sector. For more information, please visit http://ethcap.co.

The content of this document is for informational purposes only and is not being provided in the context of an offering of any securities described herein, nor is it a recommendation or solicitation to buy, hold or sell any security. The information is not investment advice, nor is it tailored to the needs or circumstances of any investor. Information contained in this document is not, and under no circumstances is it to be construed as, an offering memorandum, prospectus, advertisement, or public offering of securities. No securities commission or similar regulatory authority has reviewed this document and any representation to the contrary is an offence. Information in this press release is current only as of the date provided and Ether Capital is under no obligation to update this information, other than in accordance with applicable securities laws.

Non-IFRS Measures

The Company’s condensed consolidated financial statements are prepared in accordance with International Financial Reporting Standards (“IFRS”). The Company refers to “Operating Profit”, which is defined as Revenue less Operating Expenses before Impairment and Revaluation Expenses, which is a non-IFRS financial measure. This non-IFRS financial measure is not defined by IFRS, does not have a standardized meaning and may not be comparable with similar measures presented by other issuers. The Company believes that this non-IFRS financial measure provides information that is useful to investors in understanding the Company’s performance and facilitates comparison of quarterly and year-to-date results from period to period. Non-IFRS measures should not be considered as alternatives to the information set out in the Company’s financial statements. A reconciliation to the nearest IFRS measure, being Revenue, is included above in a table within this press release.

Forward-Looking Information

This press release contains forward-looking information within the meaning of applicable securities laws (“forward-looking statements”). Such forward-looking statements include, but are not limited to, statements regarding: the Company’s future objectives and business operations, the Company’s ongoing strategic review, the prospects for blockchain technology, the Ethereum protocol and platform, the future trading supply of the digital asset Ether, the timing and implications of the Ethereum network’s upgrades, the potential for Ether Capital to earn an Ether-denominated return on the portion of its Ether holdings that it devotes to staking and its plans in respect thereof, the market for digital assets and the potential for mainstream adoption of the Ethereum platform. The Company cautions the reader not to place undue reliance upon any such forward-looking statements, which speak only as of the date they are made. Often, but not always, forward-looking statements can be identified by the use of words or phrases such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, “believes”, “will help position”, and similar expressions or state that certain actions, events or results “may”, “could”, “would”, “should”, “might”, or “will” be taken, occur or be achieved.

Forward-looking statements are based on information available to management at the time they are made, management’s current plans, estimates, assumptions, judgments and expectations. These estimates, assumptions, judgments and expectations include the ongoing strategic review, annualized savings from cost reduction and internalization initiatives implemented, a view on general global economic conditions and their impact on individual and corporate activity and profits, that Ethereum 2.0 upgrades will occur on the timelines anticipated and will contain the functionality expected by management, that there will be no material changes in the legislative, regulatory or operating framework for the Company’s existing and anticipated business that cannot be reasonably managed, investors’ appetite for risky assets, and other matters discussed in the Company’s materials filed with the Canadian securities regulatory authorities from time to time. Forward-looking statements are also subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of the Company to be materially different from those expressed or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to: general business, economic, competitive, geopolitical, technological and social uncertainties; uncertainties in regard to the development and acceptance of blockchain technology and the Ethereum platform (including Ethereum network upgrades), uncertainties pertaining to regulatory changes in various jurisdictions that may impact the adoption of digital assets and corporate business models, uncertainties regarding the outcome of the Company’s strategic review process and the Company’s going-concern risk in the event that there is a decline in the price of Ether. Additional information identifying risks and uncertainties relating to the Company’s business are described under the heading “Risk Factors” in the Company’s most recently filed Annual Information Form (“AIF”) which is available online at www.sedarplus.ca.

Although the forward-looking information contained in this press release is based on assumptions that the Company believes to be reasonable at the date such statements are made, there can be no assurance that the forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such forward-looking information. In addition, the Company cautions the reader that information provided regarding the Company’s outlook on certain matters, is provided in order to give context to the nature of some of the Company’s future plans and may not be appropriate for other purposes. Accordingly, readers are cautioned not to place undue reliance on forward-looking information. The Company does not undertake to update or revise any forward-looking information, except in accordance with applicable securities laws.

Contacts

Jillian Friedman

Chief Financial Officer (interim) & Chief Operating Officer

jillian@ethcap.co

Som Seif

Chief Executive Officer (interim)

som@ethcap.co

Invitation aux médias : les dirigeants mondiaux doivent améliorer leur adaptation. Il n’y a pas d’autre choix

Invitation aux médias : les dirigeants mondiaux doivent améliorer leur adaptation. Il n’y a pas d’autre choix




Invitation aux médias : les dirigeants mondiaux doivent améliorer leur adaptation. Il n’y a pas d’autre choix

COPENHAGUE, Danemark–(BUSINESS WIRE)–Une coalition d’organisations internationales de lutte contre le changement climatique se réunira à Copenhague le 20 mars 2024 pour formuler des recommandations à l’intention des dirigeants mondiaux sur l’intégration du climat et du développement dans le financement du climat, préalablement à une année d’intenses négociations qui débuteront lors de la conférence ministérielle de Copenhague sur le climat.




L’année 2024 est d’une importance capitale pour notre avenir. Il est urgent de faire face à la crise climatique, dans le cadre plus large des ODD. Cette année, les réunions de haut niveau précédant la COP29 se concentreront sur le financement de la lutte contre le changement climatique, dans le but de combler les importants déficits de financement.

Pour lancer ces échanges, DanChurchAid, E3G, l’Institut international pour l’environnement et le développement, CONCITO, NDC Partnerships et la Fondation des Nations unies s’associent pour organiser conjointement l’événement virtuel et en présentiel « Integrating Climate and Development for Adaptation Finance » À Copenhague le 20 mars, et représenter ainsi une source d’inspiration pour le Sommet de Copenhague sur le climat.

« Le financement de l’adaptation doit être au cœur des négociations en prévision de la COP29. L’adaptation aux conséquences du changement climatique est une question de survie. Nous devons nous adapter à une nouvelle réalité, où les sécheresses, l’élévation du niveau de la mer et les vagues de chaleur sont de plus en plus courants », a déclaré le secrétaire général de DanChurchAid, Jonas Nøddekær.

« Les pays les plus vulnérables au changement climatique ont clairement indiqué ce dont ils avaient besoin pour s’y adapter : plus de financement, à des conditions plus équitables et canalisé vers les populations locales les mieux placées pour l’utiliser. Les gouvernements réunis à Copenhague ont l’occasion de fixer un délai pour atteindre de meilleurs résultats climatiques au cours de l’année et montrer qu’ils prennent au sérieux les pays à faible revenu », a déclaré Ebony Holland, responsable de la politique nature-climat de l’IIED.

« Les décisions prises cette année par les gouvernements détermineront si les financements seront fournis, de quelle manière et combien, au cours de la prochaine décennie et au-delà. Nous devons nous assurer que les financements soient appropriés pour atteindre les ODD et un avenir résilient au changement climatique pour tous », a déclaré Cristina Rumbaitis del Rio, conseillère principale pour l’adaptation et la résilience à la Fondation des Nations Unies.

« Nous devons nous efforcer d’atteindre simultanément nos objectifs en matière de climat et de développement et de les interconnecter. Pour les pays en développement, l’adaptation et la résilience sont à la fois une priorité et un énorme défi. Le partenariat NDC soutient les efforts des pays en augmentant leur niveau d’ambition de manière à pouvoir mettre en œuvre des actions et les financer et contribuer ainsi à un développement plus équitable et durable, grâce au soutien coordonné et efficace de plus de 220 membres », a déclaré Pablo Vieira, directeur mondial du partenariat NDC.

« À l’échelle mondiale, toutes les parties prenantes doivent se rassembler derrière un cadre cohérent pour le financement climatique, tel qu’il a été présenté par le Groupe d’experts de haut niveau indépendants sur le financement climatique, afin d’augmenter massivement le financement d’une action intégrée en faveur du climat et du développement. Les plans climatiques nationaux (NDC) qui intègrent des plans d’adaptation et de développement à long terme doivent passer à des plans d’investissement d’ici 2030 », a déclaré la présidente du conseil d’administration du CONCITO, Connie Hedegaard.

« Les ministres du climat et du développement ont mis en lumière les réformes nécessaires dans notre façon de financer l’adaptation afin de passer à des investissements plus systémiques en matière de résilience. Le Danemark, les Samoa et leurs co-défenseurs de la vision du financement de l’adaptation convenue lors de la réunion ministérielle de l’année dernière ont une possibilité de dynamiser un accroissement du financement de l’adaptation au cours des deux prochaines années, alors que les pays préparent les prochaines mises à jour de leur politique climatique », a déclaré Alex Scott, responsable du programme de diplomatie climatique et de géopolitique chez E3G

Infos sur l’évènement et l’inscription : l’événement aura lieu le 20 mars 2024, de 14h00 à 16h30, à l’adresse suivante :

DanChurchAid, Meldahlsgade 3, 1613 Copenhagen V, Danemark.

Pour s’inscrire à une participation en ligne ou en présentiel, veuillez envoyer un courriel à l’adresse suivante copenhagenevent@dca.dk

Pour toutes demandes des médias, veuillez contacter Mattias Söderberg, à l’adresse suivante msd@dca.dk ou appeler le +45 29700609.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Contacts

Mattias Söderberg

msd@dca.dk
+45 29700609

Accord annonce des modifications à sa facilité bancaire

Accord annonce des modifications à sa facilité bancaire




Accord annonce des modifications à sa facilité bancaire

TORONTO–(BUSINESS WIRE)–HeyFinancière Accord Corp. (« Accord » ou la « Société ») (TSX — ACD) annonce aujourd’hui avoir apporté des modifications à sa facilité de crédit principale avec son syndicat bancaire. Comme indiqué dans son rapport du troisième trimestre, en novembre 2023, la Société a découvert d’importantes irrégularités dans la déclaration des garanties d’un emprunteur en rapport avec un prêt de 14,4 millions de dollars, ce qui a conduit la Société à enregistrer une provision spécifique pour pertes de crédit liées à ce prêt. Depuis lors, la Société exerce ses activités dans le cadre d’une série de dispenses de conventions de facilité, qui ont permis d’alléger temporairement un défaut technique causé par une réduction des emprunts autorisés à la suite du prêt. Les modifications annoncées aujourd’hui modifient certains éléments de la convention de facilité, prévoyant une résolution à plus long terme jusqu’à l’échéance de la facilité en juillet 2025.


Les modifications réinitialisent la limite totale de la facilité afin qu’elle réponde de manière mieux adaptée aux immobilisations corporelles à court terme et au niveau des emprunts à court terme de la Société. La limite de la facilité a été réduite de 375 millions de dollars à 300 millions de dollars et sera réduite à 260 millions de dollars d’ici janvier 2025. En outre, une clause de disponibilité minimale ainsi que des clauses financières et opérationnelles entraîneront un effet de levier plus conservateur dans l’ensemble, ce que nous considérons comme une approche prudente dans le contexte économique actuel.

À propos de la Financière Accord Corp.

La Financière Accord est la société de financement commercial la plus dynamique d’Amérique du Nord offrant des solutions de financement rapides et polyvalentes, y compris le financement sur actifs, l’affacturage, le financement des stocks, le crédit-bail d’équipement, le financement du commerce et le financement des films et des médias. En tirant parti de notre combinaison unique de solidité financière, d’expérience approfondie et de réflexion indépendante, nous créons des solutions financières à succès pour les PME afin que nos clients puissent prospérer.

Déclarations prospectives

Le présent communiqué contient des « déclarations prospectives » et des « informations prospectives » au sens des lois canadiennes sur les valeurs mobilières applicables. Les déclarations prospectives peuvent généralement être identifiées par l’utilisation de termes prospectifs tels que « peut », « s’attendre à », « avoir l’intention de », « estimer », « anticiper », « croire », « continuer », « planifier », les conjugaisons au futur et au conditionnel, ou une terminologie similaire. Les déclarations prospectives contenues dans le présent communiqué de presse comprennent, sans s’y limiter, les déclarations, les convictions, les attentes ou les intentions de la direction concernant la situation financière de la Société, la possibilité de recouvrer le compte faisant l’objet de l’enquête décrite ci-dessus, l’effet que ce qui précède peut avoir sur le financement disponible pour maintenir le rythme actuel de croissance du portefeuille de la Société et la durée de la suspension temporaire du dividende trimestriel annoncée en novembre 2023. Les déclarations prospectives sont fondées sur des prévisions des résultats futurs, des estimations des montants qui ne sont pas encore déterminables et des hypothèses qui, même si la direction estime qu’elles sont raisonnables, sont intrinsèquement sujettes à d’importantes incertitudes commerciales, économiques et concurrentielles et à des éventualités. Les déclarations prospectives sont soumises à divers risques et incertitudes, y compris les risques associés à la possibilité de recouvrer le compte faisant l’objet de l’enquête, la capacité de la Société à rétablir les dividendes et les risques identifiés dans les rapports déposés par Accord auprès des organismes canadiens de réglementation des valeurs mobilières. Voir le formulaire d’information annuel le plus récent d’Accord ainsi que le rapport de gestion le plus récent de la direction sur les opérations et la situation financière pour une analyse détaillée des facteurs de risque peuvent impacter Accord. Ces informations prospectives représentent le meilleur jugement de la direction sur la base des informations actuellement disponibles. Aucune déclaration prospective ne peut être garantie et les résultats futurs réels peuvent varier sensiblement. Par conséquent, il est conseillé au lecteur de ne pas se fier indûment aux déclarations ou aux informations prospectives.

Le texte du communiqué issu d’une traduction ne doit d’aucune manière être considéré comme officiel. La seule version du communiqué qui fasse foi est celle du communiqué dans sa langue d’origine. La traduction devra toujours être confrontée au texte source, qui fera jurisprudence.

Contacts

Pour de plus amples renseignements, veuillez visiter www.accordfinancial.com ou contacter :

Irene Eddy

Vice-présidente principale, directrice financière

Financière Accord Corp.

602 – 40 Eglinton Avenue East

Toronto, ON M4P 3A2

(416) 961-0304

ieddy@accordfinancial.com

Stellar Cyber Recognizes DXC Technology as 2023 Asia Pacific GSI Partner of the Year

Stellar Cyber Recognizes DXC Technology as 2023 Asia Pacific GSI Partner of the Year




Stellar Cyber Recognizes DXC Technology as 2023 Asia Pacific GSI Partner of the Year

DXC’s commitment to Open XDR plays a significant role in Stellar Cyber success in the region


SINGAPORE–(BUSINESS WIRE)–#ai–Stellar Cyber, the innovator of Open XDR for security operations, announced DXC Technology as its 2023 Asia Pacific GSI Partner of the Year. Since partnering with DXC, Stellar Cyber has seen significant growth in awareness and adoption of Open XDR throughout the Asia Pacific region.

DXC is a Fortune 500 IT service provider committed to delivering world-class services for its enterprise and government customers. With six differentiated offerings, DXC enables organizations to meet a wide range of technology challenges. DXC Security, one of the six offerings, focuses on helping organizations deliver comprehensive security across the enterprise.

“DXC’s commitment to providing managed security services that help organizations keep their sensitive information secure aligns perfectly with the Stellar Cyber philosophy for delivering comprehensive security coverage,” said Dominic Neo, Vice President of Sales, ASEAN and ANZ for Stellar Cyber. “Keeping enterprise operations secure requires the right combination of human expertise and technology. With DXC, we knew we had the right partner to deliver Open XDR effectively for customers in Asia Pacific, and we look forward to a long-lasting, mutually-productive relationship.”

About Stellar Cyber

Stellar Cyber delivers comprehensive, unified security without complexity, empowering lean security teams of any skill to secure their environments successfully. With Stellar Cyber, organizations reduce risk with early and precise identification and remediation of threats while slashing costs, retaining investments in existing tools, and improving analyst productivity, delivering an 8X improvement in MTTD and a 20X improvement in MTTR. The company is based in Silicon Valley. For more information, visit stellarcyber.ai.

Contacts

Charlie Rubin

Story PR

510-908-3356

charlie@storypr.com

Mbanq and The Financial Policy Council to Host: “Business Banking Battles – Big Value in the Face of Bank Industry Turmoil”

Mbanq and The Financial Policy Council to Host: “Business Banking Battles – Big Value in the Face of Bank Industry Turmoil”




Mbanq and The Financial Policy Council to Host: “Business Banking Battles – Big Value in the Face of Bank Industry Turmoil”

NEW YORK–(BUSINESS WIRE)–#BankingTechnology–Mbanq, a leading banking technology and compliance specialist, in collaboration with The Financial Policy Council, is pleased to announce an upcoming seminar titled “Business Banking Battles – Big Value in the Face of Traditional Bank Industry Turmoil.” The event will take place on April 17th, 2024, at The Penn Club of New York City.


In an era of significant upheaval within the banking industry, this seminar aims to explore the resilience and innovation driving the business banking sector forward. Against a backdrop of recent challenges, attendees will gain invaluable insights into the transformative strategies and cutting-edge technologies that shape the future of banking.

Vlad Lounegov, CEO of Mbanq, says, “The intersection between business-focused FinTech innovation and traditional banking challenges presents a fertile ground for exploration and wealth creation.”

Distinguished speakers scheduled to present include:

  • Ziad Abdelnour, Chairman, Financial Policy Council (moderator)
  • Vlad Lounegov, CEO, Mbanq
  • Sybel Pietersz Parker, Head of Banking Strategy, Mbanq
  • Tomas Milar, Founder, Cheqly
  • Stephen Williams, CEO, Qorbis

The seminar will cover a range of topics including:

  • The competitive landscape between business-focused FinTechs and traditional banking institutions.
  • Opportunities emerging from challenges within the bank industry.
  • Strategies for identifying undervalued assets and investment opportunities.
  • The role of regulatory changes in fostering long-term value creation.
  • Transforming industry challenges into growth opportunities.

Attendees can also look forward to networking opportunities with thought leaders, industry professionals, wealth creators and global experts in FinTech and banking.

Event Details:

Title: Business Banking Battles – Big Value in the Face of Traditional Bank Industry Turmoil

Date: April 17th, 2024

Time: 6:00 pm – 8:30 pm EDT

Location: The Penn Club of New York City, 30 W 44th St, Tarnopol room, New York, NY 10036

Attire: Smart professional attire. Refreshments will be provided.

“We anticipate lively discussions and meaningful connections at this transformative event,” says Ziad Abdelnour, Chairman of the Financial Policy Council.

Tickets are available with a $50 donation to The Financial Policy Council. Reserve your seat now at https://financialpolicycouncil.org/events/.

US-based Mbanq is a leading banking technology and compliance solutions provider. It creates and operates traditional banks, neobanks, credit unions and FinTech platforms for clients through its digital banking platform, white-label mobile apps and comprehensive support services. www.mbanq.com

The Financial Policy Council is a non-profit designed to improve all aspects of American business for entrepreneurs and wealth creators through expert policy advice, educational seminars, events and networking. www.financialpolicycouncil.org

Contacts

Alex Player

alex.player@mbanq.com

Using Banuba SDKs Gives Businesses an Advantage in the Case of TikTok Ban

Using Banuba SDKs Gives Businesses an Advantage in the Case of TikTok Ban




Using Banuba SDKs Gives Businesses an Advantage in the Case of TikTok Ban

If the US Congress ends up banning TikTok, companies using Banuba Video Editor SDK/API will get an edge over their competitors. Examples of countries where TikTok is already forbidden (e.g. India) show that this will likely spur startups and established players to fill the void. A video editing SDK will allow building short video-related features in hours if not minutes, thus allowing developers to shorten their time-to-market.


DUBAI, United Arab Emirates–(BUSINESS WIRE)–#AppDevelopment–On March 13, the US House of Representatives passed a bill that would either force TikTok to be sold to a different owner, or effectively ban it. Proponents of the bill argue that these measures are necessary to protect the personal data of Americans from being shared with the Chinese government. Its opponents claim that sanctioning TikTok would violate the freedom of speech and hurt the economy, as many small businesses use the platform to promote their goods and services.

Should the US government completely ban TikTok, its 170 million American users will have to join a new app looking to cover the gap in the market of short video platforms.

India serves as a good example. When the government prohibited TikTok along with 58 other Chinese apps in 2021, a host of local apps appeared to pounce on the opportunity, and quickly replaced their foreign competitor. Some of the most successful ones include Chingari, Josh, and Mitron.

Chingari is an especially interesting case, as it was able to quickly pivot towards the short video format by using Banuba Video Editor SDK – a video editor like TikTok that can be quickly integrated into an app. Potentially, utilizing such tools could cut the time-to-market by up to 50%.

Banuba Video Editor SDK provides tools and resources for creating, editing, and manipulating video content, including, but not limited to:

  • TikTok-like video editing suite
  • Audio editing
  • Royalty-free music provider integration
  • Picture-in-picture mode (duets)
  • AR masks
  • Color filters
  • Transition effects, etc.

Over 100 Indian companies turned to Banuba for Video Editor SDK and Face AR SDK so that their products could be released earlier or upgraded. Some have also requested custom filters with a local feel (e.g. ones resembling traditional Indian jewelry) in addition to the 24 effects supplied for free to every client.

Banning TikTok will likely cause a similar “gold rush,” as the companies scramble to attract their share of users looking for the same experience as the now-forbidden app used to give. Startups researching how to build an app like TikTok could use a tool like Banuba Video Editor SDK to get an edge over their competitors.

About Banuba

Banuba is an augmented reality company with over 7 years on the market, pioneering face tracking and virtual background technologies. Its other products include a virtual try-on SDK for jewelry and glasses, Face AR SDK – a software development kit for various AR applications, and Video Editor SDK – a compact and feature-rich mobile kit for video editing.

Contacts

Email: info@banuba.com
Banuba official blog: https://www.banuba.com/blog
Banuba on LinkedIn: https://www.linkedin.com/company/banuba
Banuba on Twitter: https://twitter.com/BanubaFaceAR