Technology

Artificial Intelligence Big Data Cloud Computing Cyber Security Data Management Electronics Enterprise & Network Technology Financial Technology Hardware Mobile & Wireless Nanotechnology Semiconductor Software Telecommunications
News Release Digital Asset Direct

Technology Select Sector SPDR Fund (XLK) an Interesting Option for Technology Investors

Select Sector SPDR

The Technology Select Sector SPDR Fund (XLK) continues to be a cornerstone in the realm of technology investing, providing comprehensive coverage of the U.S. technology sector. This fund offers focused exposure for both individuals and institutions. Starting with components of the S&P 500 within the technology industry, XLK offers an efficient way to gain exposure to this dynamic sector. This ETF is carefully structured, featuring a roster of technology giants that have shown resilience. The fund's composition reflects substantial holdings in some of the most influential and innovative companies in the United States. Key Holdings* of the Technology Select Sector SPDR Fund (XLK) include: Apple (14.94%) Microsoft (13.94%) Nvidia (12.29%) Broadcom (4.52%) Oracle (3.02%) Salesforce (2.90%) Advanced Micro Devices (2.83%) Adobe (2.60%) Accenture (2.37%) Cisco (2.35%) These key holdings illustrate XLK ETF's significant market position, which mirrors the ongoing relevance and innovation within the technology sector. The fund manages total assets exceeding $69 billion, with an expense ratio of 0.09%**. This balanced portfolio approach allows investors to participate in the potential of the technology sector, leveraging the strength and stability of well-established companies. The XLK ETF continues to serve as a vital tool for those aiming to stay aligned with the technological advancements and economic impacts driven by these leading corporations. Moreover, the XLK fund has been a consistent choice for investors wanting to take part in the innovative edge of the tech industry. By maintaining substantial investments in high value tech companies, XLK is an excellent vehicle for its stakeholders to benefit from advancements in the sector. Investors seeking diversified exposure to the tech sector may find XLK's portfolio appealing. The Technology Select Sector SPDR Fund offers an opportunity to engage with a portfolio comprising these tech giants while ensuring diversification across various technology industries. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 9/23/24 subject to change **Ordinary brokerage fees apply DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007815 EXP 11/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

September 24, 2024 01:00 PM Eastern Daylight Time

Blue Trust Selects Vident, Brightlight, and Mammoth Technology to Launch Revolutionary Faith-Based Private Investing Platform

Mammoth

Blue Trust selected Vident Asset Management (“Vident”) to build a new platform for Blue Trust advisors and clients that provides specialized due diligence and state-of-the-art technology. This platform is designed to provide a unique opportunity for advisors to offer their clients investments that align their financial goals with their faith and values. This first-of-its-kind platform is set to transform the landscape of private investing by offering a comprehensive, faith-driven approach. Brightlight and Mammoth Technology were invited to participate due to their capability of providing a highly curated catalog of private investment funds designed for Blue Trust clients on an innovative technology platform. Blue Trust Sought Due Diligence that Ensures a Faith-based Alignment of Values Due diligence on each private fund is performed by Brightlight, an industry leader in investment research and analysis. Brightlight is renowned for its ethical evaluation processes, ensuring that all investment opportunities meet the highest standards of impact-driven criteria. Its expertise provides an added layer of trust and integrity to the platform, making it a reliable choice for advisors when working with their clients to pursue aligning their money with their faith. Technology Powered by Mammoth Mammoth Technology brings cutting-edge technology and innovative processes, enabling seamless workflows and user experiences. The flexibility of its platform allows for a variety of funds to be offered through a unified experience while keeping the costs low for end investors and optimizing the process for the advisory firms that manage the investments. Mammoth works alongside each firm's tech stack to ensure accurate reporting and improve the confidence and scalability of allocating to private markets. Blue Trust advisors apply biblical wisdom and technical expertise Blue Trust, an Atlanta-based wealth management firm and trust company, oversees $59 billion in assets under advisement serving for more than 10,000 individuals and families. This endeavor with Vident, Brightlight, and Mammoth Technology underscores Blue Trust's commitment to offering clients innovative and values-aligned investment opportunities. “We are thrilled with this relationship, which empowers our advisors to better serve our clients that desire to more fully integrate their faith with their finances. This collaboration will enhance our ability to deliver exceptional investment opportunities with best-in-class service,” said Brian McClard, Chief Investment Officer of Blue Trust. A Platform for RIAs and Broker-Dealers The platform is designed for use by registered investment advisors (RIAs) and broker-dealers, providing them with access to a carefully curated catalog of private funds. Funds selected for the platform have undergone due diligence and are seamlessly integrated into a process tailored for advisors to guide client allocations. This process ensures that advisors remain at the center of transactions throughout the life of the investment, strengthening their client relationships and enhancing service delivery. A Unique Approach to Alternative Investing What sets this platform apart from other alternative investing platforms is Mammoth's ability to work with a wide range of fund managers while simultaneously creating a standardized, white-labeled process for advisors and their clients. This approach reduces the cost to end investors and allows advisors to scale the onboarding process, reducing not in good order (NIGO) errors and building trust with their clients. "It’s all about helping deepen the relationship between an advisor and their client. When a client completes a subscription agreement on Mammoth, they experience their advisor’s brand and guidance every step of the way," said Steve Zuschin, Chief Revenue Officer at Mammoth. Flexibility in Investment Structures Mammoth Technology offers flexible processes for private fund limited partner engagement or works with financial advisors and emerging fund managers to create special purpose vehicles that pool client assets. This flexibility allows advisors to tailor investment structures to meet the specific needs of their clients, further enhancing the platform's appeal and usability. The goal is to create an efficient path to allocating to private vehicles while keeping the cost to the end investor down. About Mammoth Technology Mammoth Technology is at the forefront of financial technology innovation, delivering cutting-edge solutions that streamline operations, enhance user experiences, and support the unique needs of advisors and their clients in the alternative investing space. Visit mammothtechnology.com for more information. About Vident Vident Asset Management (“Vident”) brings expert thinking, technical and operational capability, and seamless execution to a diverse set of partners so they can provide their clients with specialized exposure solutions. The cornerstones of Vident are its accumulated knowledge, technical and operational expertise, and entrepreneurial spirit centered around its people, capabilities, and long-standing relationships with what Vident believes are best-in-class service providers. About Blue Trust Blue Trust advisors apply biblical wisdom and technical expertise to help clients make wise financial decisions to experience clarity and confidence and leave a lasting legacy. With $59 billion assets under advisement and a nationwide network of 17 offices, we offer comprehensive financial services and objective advice to more than 10,000 clients across the wealth spectrum in all 50 states. (As of 6/30/24 and subject to change.) Contact Details For Mammoth Technology Steve Zuschin, Chief Revenue Officer steve@mammothtechnology.com Company Website https://mammothtechnology.com/

September 24, 2024 10:35 AM Eastern Daylight Time

fpPathfinder Partners with MoneyTree Solutions to Create Knowledge Integration

Moneytree Software

fpPathfinder and Moneytree Solutions are excited to announce their Knowledge Integration partnership, bringing together their powerful tools to enhance the financial planning experience. As part of this strategic collaboration, Moneytree Solutions' robust financial planning tools will be seamlessly integrated with fpPathfinder’s comprehensive checklists, flowcharts, and summary guides. These guides are designed to help advisors feel confident navigating complex planning concepts, ensuring they can provide precise and personalized advice to their clients. The integration will exist in Moneytree’s new financial planning platform for Elite-package users. Elite is Moneytree’s most comprehensive package with both goal-based and cash-flow-based planning and a host of specialized planning tools that cover areas such as retirement distribution, tax planning, and estate planning. “Unlike a traditional data integration which shares data between two tech companies, we have created a Knowledge Integration with Moneytree to share information to help explain planning concepts to the advisor and their client,” said Michael Lecours, fpPathfinder co-founder. Patrick Spencer, Managing Director of Moneytree Solutions, added, “This partnership aligns perfectly with our commitment to give planners and advisors the engagement tools they need to build stronger client relationships founded on trust and understanding. fpPathfinder’s guides will provide users of the new Moneytree Elite platform with an invaluable resource to dig deeper into planning concepts and more easily help clients achieve their financial goals and lifestyle dreams.” This partnership underscores both companies' dedication to helping advisors look and feel smarter while providing thoughtful, comprehensive financial advice. About fpPathfinder fpPathfinder was founded in 2018 to bridge the gap between complexity and clarity using topical checklists, flowcharts, and summary guides. Our team is dedicated to helping advisors unravel the intricacies of financial planning concepts and translate them into actionable steps that you can implement with confidence. For more information about fpPathfinder, visit www.fpPathfinder.com. About Moneytree Solutions Founded in 1981, Moneytree has been developing financial planning solutions for over 40 years, and continuously refining their software to help advisors grow their firms and become the trusted advisor for their clients. For more information about Moneytree, visit www.moneytree.com. Contact Details For Moneytree Software Lisa Aldape laldape@vocatusllc.com Company Website https://moneytree.com/

September 24, 2024 10:00 AM Eastern Daylight Time

Vertical IQ Selected as NC State Master of Science in Analytics Practicum Sponsor

Vertical IQ

Vertical IQ, a leader in Industry Intelligence, is proud to announce its selection as a sponsor of the Master of Science in Analytics (MSA) Practicum at North Carolina State University’s Institute for Advanced Analytics. This partnership will connect NC State MSA students with Vertical IQ’s team to collaborate on a range of data-driven projects that will contribute to the company’s ongoing commitment to real-time data and the support of aspiring data professionals. Vertical IQ joins an impressive roster of 18 organizations sponsoring projects for the university’s MSA Class of 2025. As part of the collaboration, student teams will work with Vertical IQ to apply their advanced analytics skills to real-world challenges over the next eight months, all while gaining valuable hands-on experience in the Industry Intelligence space. The MSA practicum, a core component of the MSA program at NC State, challenges students to solve real-world problems for sponsor organizations, helping them to develop critical skills in analytics, data science, and teamwork. Since 2007, over 150 organizations have participated in the practicum, providing students with invaluable experience in tackling complex, data-driven challenges. “We are excited to support NC State’s MSA program and to provide students with the opportunity to collaborate on innovative projects that will ultimately benefit our Vertical IQ end users as well,” said Matt Redding, chief technology officer at Vertical IQ. “The practicum aligns perfectly with our mission to leverage data to empower businesses, and we’re thrilled to contribute to their professional development.” This marks Vertical IQ’s first sponsorship of the MSA practicum, and the collaboration will focus on projects that sync with the company’s data-centric approach, driving new insights and opportunities for growth within its platform. For more information on Vertical IQ or to request a demo, please visit https://verticaliq.com/demo/ ABOUT VERTICAL IQ Headquartered in Raleigh, N.C., Vertical IQ is a nationally recognized leader in Industry Intelligence. Whether they’re pitching a local brewery or a national biotech company, successful sales, marketing and customer success teams use Vertical IQ to better understand a prospect’s or client’s business challenges before, during and after meetings. Covering more than 560 distinct industries, 3,400 local economies and more than 97 percent of the U.S. economy and Canada, Vertical IQ equips users with the confidence and credibility to make memorable first impressions and sustain enduring relationships. Contact Details Vertical IQ Jessica Teal +1 919-787-4600 jteal@verticaliq.com Company Website https://verticaliq.com/

September 24, 2024 09:00 AM Eastern Daylight Time

Compete In BullRush's Fantasy Trading Games For As Little As $5!

Benzinga

By James Blacker, Benzinga One of the biggest hurdles for aspiring traders to overcome is navigating the steep learning curve of the markets without putting too much of their own capital at risk. Trading can take years of practice to master, and even the most gifted traders can expect to make many mistakes and suffer big losses along the way. Diving headfirst into the market with no safety net is never a good idea, and the fear of losing money is often enough to deter someone from ever learning to trade. But one company has come up with a new way to get into the trading game – a platform where you can develop your skills and build confidence without significant financial risk. BullRush says it is a first-of-its-kind fantasy trading platform that gives traders hands-on experience of the markets in a competitive and social environment. With entry fees starting as low as $5, it is accessible to virtually anyone. Why BullRush Is Different Traders who are just starting out often turn to prop firms, drawn by the promise of trading capital if you can pass their multiple evaluations. However, the cost of prop firm challenges can be very high, and with strict rules and trading parameters, many people who take these tests end up failing anyway. Even if you do manage to get funded, the structure of prop firm trading is largely focused on reaching goals more than trader development. Traditional trading simulators and demo accounts are another option for beginner traders. They can be helpful for practicing in a risk-free environment, but because the stakes are low, they often fail to replicate the emotional aspects of live trading. BullRush, on the other hand, says it offers something unique. By pitting traders against one another in a variety of games and tournaments for real prizes, it combines relatively risk-free trading with a level of excitement and intensity that mirrors real money trading. By competing against each other, traders are motivated to stay on their toes, constantly improving and refining their trading strategies. BullRush is a dynamic platform that brings traders of all levels together not only to compete but also to collaborate. The social aspect adds an element that further sets it apart from run-of-the-mill demo trading platforms and enhances the experience. Through the BullRush Discord, traders can share tips and strategies, learning from how others approach the markets. This community aspect turns a typically solitary activity into a shared one with the goal of creating a more engaging experience. How To Join The BullRush Fantasy Trading Game So how does the BullRush platform function in practice? The process to get started is simple: Sign up: If you are over 18 and live in one of the regions BullRush is authorized to operate in, you can fill in the registration form on its website. From there, you can choose the competitions, tournaments, trivia and challenges (coming soon) you want to join. Register for competitions: BullRush offers more than 10 different types of competitions, some free to enter and others with nominal entry fees as low as $5. These include games focusing on forex, crypto, indices, metals and oils. Competitions vary in length from single-day games to month-long tournaments. You can register for as many as you like. Fantasy trade: Once your competition has begun and the clock starts ticking, you can open the trading platform and start trading in your demo account. Using credits, you will compete against other traders in real-time markets. Track your performance: You can see how you and your fellow traders are stacking up against each other by keeping an eye on the competition leaderboard. Win prizes: If you make it to the top of the leaderboard, you can win cash prizes, as well as XP and other rewards. BullRush is not simply a trading simulator; the company’s aim is to create an exciting, competitive space where like-minded traders can get together and push each other to improve while gaining trading experience in live markets with lower risk. With entry fees starting at just $5, anyone can get involved. Think you’ve got what it takes to take home some prizes? Check out the BullRush fantasy trading platform here! Featured photo courtesy of BullRush. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. 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

September 24, 2024 08:25 AM Eastern Daylight Time

Image

AI Unpacks Generational Stereotypes, Highlighting Key Differences, but Beer Bridges the Gap

AIport

What happens when you ask generative AI models to depict Baby Boomers, Gen X, Millennials, and Gen Z? You might expect tech-challenged Boomers and avocado-loving Millennials. But what you get is far more interesting and in some cases, unexpected. A joint research project conducted by AIport and Turing Post last month analyzed over 1200 AI-generated images across four different models—Stable Diffusion, Midjourney, YandexART, and ERNIE-ViLG. The findings have revealed both familiar stereotypes and surprising quirks about how AI perceives these generations. Sad Boomers, Happy Zoomers? Contrary to the carefree Boomer stereotype, AI models like Midjourney depict Baby Boomers as introspective, or even somber, often bundled up and gazing wistfully into the distance—a reflection, perhaps, of their disillusionment with the unfulfilled ideals of the 1960s cultural revolution. However, the ERNIE-ViLG model, likely trained on datasets with a more collectivist cultural slant, shows 93% of Boomers smiling. This fascinating contrast underscores the cultural differences embedded in different AI models. Meanwhile, Gen Z’s images are vibrant and diverse, reflecting their reputation as a generation that embraces individuality, inclusivity, and self-expression. The AI-generated images depict Zoomers in colorful, highly detailed scenarios, making them the most visually distinct generation in the study. Generations Through the AI Lens The research explored how generations are portrayed in five key aspects of life: identity, relationships, work, lifestyle, and consumer habits. The AI models revealed consistent patterns and stereotypes; for example, males predominated in the depictions of Boomers and Gen Xers across all four models, while many images of Millennials and Zoomers showed greater diversity and more female representation. Surprisingly, Gen X appears to be the least well-understood generation by AI, characterized by fewer defining features compared to all other generations, likely due to the limited amount of training data available. The one stereotypical Gen X leitmotif that AI consistently identifies is their fondness for flannel shirts—an unmistakable symbol of the 1990s grunge scene worn by Gen Xers who were rebellious teenagers and young adults during that era. As for one (un)expected commonality… It’s beer. Whether they’re Millennials job-hopping or Boomers reminiscing about the good old days, AI consistently showed beer in 34% of the produced images across all generations. Prompt Engineering and AI Insights The prompts for this research were carefully crafted to avoid bias, using neutral phrases like "A Millennial at work" or "A Boomer relaxing." The results offer a telling look at how generative AI models mirror societal stereotypes, often shaped by the data they're trained on. These findings open the door to deeper discussions on how AI reflects, and sometimes distorts, cultural narratives. "Whether we think we can learn about generations from these images depends upon how confident we feel that the training data that went in is an accurate image of the self identity of a group,” explains Senior Engineer and Sociologist Stephanie Kirmer, who analyzed the findings. “For the younger sets, I don’t think we can know how much of it is media representation created by people outside the group versus how much is selfie-style personal expression. Some of what we’re getting, especially for the older groups who don’t contribute as much self-generated visual media online, is perceptions of that group from advertising and media, which we know has inherent flaws." About the Study The study examined the outputs of four globally recognized generative AI models, each with distinct aesthetic and cultural nuances, providing a comprehensive look at how each generation is portrayed visually. The selected models included Stable Diffusion, Midjourney, YandexART, and ERNIE-ViLG, offering diverse perspectives from different regions across the globe. Conclusion Whether confirming or contradicting societal stereotypes, AI-generated images provide a fascinating snapshot of how technology interprets generational differences. The fact that beer remains a unifying theme across all four models shows that, no matter our age, some things—like enjoying a cold one—transcend generational divides. To learn more about the project, visit https://www.aigenerations.tech/. Hero images for the media: Google Drive Link About AIport AIport is an emerging community of AI/ML enthusiasts and practitioners with a goal of providing a truly global view of the AI/ML/DS landscape. https://www.blog.aiport.tech/ About Turing Post Turing Post is everything you need to make smarter decisions about AI. https://www.turingpost.com/ Contact Details Nick Leighton nick.leighton@nettresultsllc.com Company Website https://www.aigenerations.tech/

September 23, 2024 10:00 AM Eastern Daylight Time

News Release

BestGrowthStocks.Com Issues Comprehensive Analysis of Globalstar Inc’s Strategic Partnerships and Growth Drivers

Global Star Inc. (GSAT)

NEW YORK, NY / NewsDirect / September 23rd, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued a comprehensive analysis of Globalstar Inc. a satellite and terrestrial connectivity services as an international telecom infrastructure provider. Globalstar Inc. (NYSE: GSAT) has garnered significant investor attention following recently reported revenue growth. Best Growth Stock's full report analyzes Globalstar’s operations, competitive advantages and disadvantages, potential catalysts, growth drivers, strategic partnerships, financials, key customers, management evaluation, share structure, chart, support and resistance levels, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-gsat-analysis/ About Globalstar Globalstar empowers its customers to connect, transmit, and communicate in smarter ways – easily, quickly, securely, and affordably – offering reliable satellite and terrestrial connectivity services as an international telecom infrastructure provider. The Company’s LEO satellite constellation assures secure data transmission for connecting and protecting assets, transmitting critical operational data, and saving lives for consumers, businesses, and government agencies across the globe. Globalstar’s terrestrial spectrum, Band 53, and its 5G variant, n53, offer carriers, cable companies, and system integrators a versatile, fully licensed channel for private networks with a growing ecosystem to improve customer wireless connectivity, while Globalstar’s XCOM RAN product offers significant capacity gains in dense wireless deployments. In addition to SPOT GPS messengers, Globalstar offers next-generation IoT hardware and software products for efficiently tracking and monitoring assets, processing smart data at the edge, and managing analytics with cloud-based telematics solutions to drive safety, productivity, and profitability. For more information, visit www.globalstar.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

September 23, 2024 07:00 AM Eastern Daylight Time

How NurseMagic Helps Patients Recieve The Care They Deserve

Benzinga

By Johnny Rice, Benzinga Dr. Ann Marie Sastry, CEO & Founder of Amesite Inc. (NASDAQ: AMST), was recently interviewed by Benzinga. Amesite specializes in the development and marketing of B2C and B2B AI-driven solutions. Harnessing the power of AI to build better educational platforms, Amesite empowers clients in higher education, businesses, medicine and government. The company creates custom solutions tailored to the specific needs of its clients. Dr. Sastry spoke about the incredible new app the company recently rolled out called NurseMagic which will help medical providers across the industry. Watch the full interview here: Featured photo by Piron Guillaume 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

September 20, 2024 09:15 AM Eastern Daylight Time

Video Image

Siyata Mobile Inks New Deal For Its Push-to-Talk Devices As It Goes After Private Security Market

Siyata Mobile Inc.

By Meg Flippin, Benzinga Communication is key among security professionals. Whether they’re protecting a building or critical infrastructure, being able to convey messages in real-time all the time is paramount. Two-way Land Mobile Radio (LMR) has been the main way of doing it. However, that hasn’t proven to be that reliable. A better alternative according to its manufacturers, one that’s gaining traction in the market, is Push-to-Talk over Cellular (PoC). It is clearer and more reliable, say manufacturers. It's also the sweet spot of Siyata Mobile (NASDAQ: SYTA), which recently announced a deal in partnership with Apex Wireless that underscores its commitment to expanding its customer base and providing high-quality solutions for security professionals. The Vancouver, British Columbia, global vendor of Push-to-Talk over Cellular devices and cellular signal booster systems seems to be making a splash in the private security industry with its SD7 handsets and VK7 vehicle kits. SD7 is a rugged handset that enables Push-to-Talk (PTT) conversations with co-workers over public cellular networks. SD7 operates with a SIM card on public cellular networks, giving users nationwide coverage. Siyata Mobile says its handsets deliver crystal-clear audio quality. The SD7 is rugged and water resistant, making it ready for any environment. Then there’s Siyata’s VK7 all-in-one vehicle kit. The connect-and-go in-vehicle solution pairs with the SD7, turning the vehicle into a mobile hub. Making A Splash Siyata seems to be winning customers and expanding its sales. Its most recently announced deal in September was with Trans-West Security Systems, a physical private security company based in Bakersfield, CA, that has been providing security services for over 50 years. Siyata reports that Trans-West needed to replace its outdated LMR radios, as well as renew all licensing agreements, and that this was proving to be a very costly exercise. Trans-West also experienced communication blackouts with their field employees, says Siyata, due to LMR repeaters not being available in certain areas of operation. Enter Siyata’s PTT solutions. Following a demo period, Trans-West is deploying hundreds of Siyata’s devices in an initiative to replace its aging two-way radios more cost-effectively. “Businesses and communities have a growing need for comprehensive security solutions that may include increasing private security as crime rates rise and criminal activities become more diversified and complex,” said Marc Seelenfreund, CEO of Siyata, in a press release announcing the deal. “Our ruggedized devices operating over a highly reliable cellular network equip private security personnel with clear communication channels to help them perform their job duties to keep people and other assets safe.” Apex Wireless, based in Austin, TX, is acting as the reseller in the transaction. Protection In Demand The private security industry represents a big opportunity for Siyata. The market is projected to reach $385.32 billion by 2032, growing at a CAGR of 5.7% between now and then. Driving the need for more security professionals and better communications are fluctuating crime rates and trends in the types of crimes being committed. Some cities and municipalities are dealing with tight budgets and local police forces that may not be fully equipped to handle an unexpected influx of crime. Many businesses are turning to private security companies to pick up the slack, driving demand and, thus, sales. That’s certainly been the case for Siyata which expects to have a strong second half of 2024 with more than $7 million in confirmed orders slated to be filled. “We expect the third quarter will be a break-out quarter with high double-digit year-over-year growth as the delivery of orders accelerates,” Seelenfreund said in a press release reporting second-quarter results in August. “We have achieved 'stocked' status for our SD7 handsets with four of the largest North American cellular carriers and continue to tap into new vertical markets reinforcing a growth trajectory that extends into 2025 and beyond." Siyata Is Everywhere Beyond the private security market, Siyata’s handsets and accessories are being used in mines, on beaches and oceanfronts and in cities around the U.S. The company is also doing brisk business as a partner to U.S. wireless carriers. As of July, Siyata had new orders for its SD7 handsets and accessories valued at more than $4.5 million in aggregate from U.S. wireless carriers. With that kind of validation, things could be looking up for Siyata. “The U.S. wireless carrier channel is proving to be a powerful point of distribution,” said Seelenfreund. “Our SD7 handset is experiencing even wider adoption as a result of our relationships with the leading U.S. carriers and their distributors, and these orders demonstrate that." Featured photo by Ryan McGuire from Pixabay. 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

September 20, 2024 08:30 AM Eastern Daylight Time

Image

1 ... 14 15 16 17 18 ... 597