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News Release Digital Asset Direct

Carson Knuth Joins I-ON Digital Corp. to Help Drive Advanced Tokenization and Digital Asset Solutions

I-ON Digital Corp.

I-ON Digital Corp. (OTC: IONI) (“I-ON” or the “Company”), a market leader in gold and precious metals digitization and tokenization, as well as digital asset banking innovation, proudly welcomes Carson Knuth to its management team. A leader in blockchain-based product innovation and digital asset tokenization, Knuth’s expertise will help drive I-ON’s mission to revolutionize and transform real-world (RWA) asset digitization (in alignment with the Company’s primary emphasis on gold and precious metal tokenization). His addition further positions I-ON to set new compliance standards in digital product offerings and related service platform distribution, further elevating I-ON’s emerging status among first-tier regional banks and financial institutions. With an extensive background in emergent blockchain technology, Knuth’s expertise in advanced tokenization frameworks will bring additional focus on bridging traditional financial services with the new efficiencies inherent in digital asset platforms. At I-ON, he will help lead the Company’s innovative approach to the digital economy, focusing on scalable tokenization strategies that enable secure, efficient, and regulatory-compliant transactions in the sale, transfer, and delivery of gold-backed digital securities through regulated digital asset exchanges, financial institution platforms, and digital banking ecosystems. “I am thrilled to join I-ON at such a pivotal moment in the evolution of asset digitization and help further propel I-ON’s leadership in gold and precious metal tokenization,” said Knuth. “The Company’s bold vision and commitment to innovation in digital asset banking solutions align perfectly with the rapidly growing demand for transactional blockchain technology. Together, we intend to develop secure and scalable gateways for asset distribution and management and will work to establish new standards for the rapidly expanding digital marketplace.” Knuth’s expertise adds material depth to I-ON’s groundbreaking gold-backed digital solutions, enhancing the impact of its cutting-edge Digital Banking Platform-as-a-Service (PasS) tailored for tier-1 banks and financial institutions. I-ON’s gold digitization platform redefines asset-backed securities by transforming verified in-situ gold reserves into digital securities without the need for invasive mining activities. This eco-conscious innovation not only safeguards environmental resources but also unlocks unprecedented liquidity channels, empowering investors and institutions to tap into new, sustainable and highly scalable financial ecosystems. “We are pleased to welcome Carson to the I-ON team,” said I-ON CEO Carlos X. Montoya. “His exceptional expertise and notable achievements in digital assets and tokenization solutions align seamlessly with our strategic goals. Carson’s proven track record in driving value through innovative digital asset-based liquidity solutions and his extensive network within the financial institutions industry will open exciting new pathways for our asset tokenization initiatives. With his leadership, we are poised to elevate the market acceptance of our flagship digital security, ION.au, advancing our mission to make ION.au and our complimentary Platform-as-a-Service delivery channels more accessible and impactful.” Montoya added, “The timing couldn’t be better, as our ION.au gold-backed digital asset, continues to gain traction with investors seeking the reliability of gold-backed assets absent the logistical challenges of physical gold ownership. We are uniquely positioned—validated through recent transactional achievements—to help investors diversify with a trusted digital asset. This is an exciting step forward as we continue to define how gold-backed securities are perceived and utilized in the modern financial landscape.” About I-ON Digital Corp: I-ON Digital Corp specializes in the digitization of real-world assets (RWA), with a primary focus on gold and other mineral asset reserves, providing cutting-edge solutions for asset tokenization and Digital Banking Platform-as-a-Service. By merging blockchain innovation with comprehensive financial products, I-ON empowers organizations to seamlessly engage with the digital economy. For more information, visit www.iondigitalcorp.com. Forward-Looking Statements This news release contains forward-looking statements involving risks and uncertainties, which may cause results to differ materially from the statements made. When used in this document, the words "may," "would," "could," "will," "intend," "look to," plan," "anticipate," "believe," "estimate," "expect," "seek," "potential," "outlook," and similar expressions are intended to identify forward-looking statements. Such statements, including, but not limited to, I-ON's current views with respect to future events and its financial forecasts, are subject to such risks and uncertainties. Many factors could cause actual results to differ materially from the statements made, including those risks described from time to time in filings made by I-ON with the Securities and Exchange Commission. In addition, there is uncertainty about the further spread of the COVID-19 virus or new variants thereof or the occurrence of another wave of cases and the impact it may have on the Company's operations, the demand for the Company's products, global supply chains, and economic activity in general. These and other risks and uncertainties are detailed in the Company's filings with the Securities and Exchange Commission. Should one or more of these risks or uncertainties materialize, or should assumptions underlying the forward-looking statements prove incorrect, actual results may vary materially from those described herein as intended, planned, anticipated, or expected. Statements in this news release regarding past trends or activities should not be taken as a representation that such trends or activities will continue. I-ON does not intend or assume any obligation to update these forward-looking statements other than as required by law. Contact Details I-ON Digital Corp. I-ON Digital Investor Relations +1 866-440-2278 ir@iondigitalcorp.com Company Website https://iondigitalcorp.com

November 15, 2024 08:00 AM Eastern Standard Time

News Release

Go7UP Launches New Inclusive Webmaster Training Program to Empower Aspiring Developers Worldwide

Rev Up Marketers

Geneva, Switzerland - Go7UP’s inclusive program opens doors to web development careers, welcoming participants from diverse backgrounds and focusing on practical, job-ready skills. A world that takes into account experience and formal education as components for professional success is a changing scenario Go7UP’s innovative new program announcement. Their Formation Webmaster program invites individuals to explore a career in web development, regardless of prior experience or educational background. An Accessible Pathway for Everyone Go7UP eliminates traditional barriers to entry, allowing anyone into its learning platform to take in the necessary web development skills one needs. It is for such individuals who want to transfer to a new career and join the workforce or fresh starts. Hands-On Training to Build Real-World Skills The program emphasizes practical experience with hands-on projects that develop real-world skills, giving students a professional edge and a portfolio to showcase their abilities to potential employers or clients. Flexible Career Options with remote work opportunities The opportunities of web development are exciting and remote, and Go7UP prepares students to be excellent at these roles. Graduates can work from anywhere and bring convenience and work-life balance to their professional journey. Individual Support for All Students Go7UP is about students' success, creating an individualized learning platform, one-on-one support guidance, and mentorship through resources that provide them the opportunity to develop and take over challenges. Program Highlights: Employment Opportunities: No Experience Necessary: Remote Work Options: Ongoing Support: About Go7UP: Go7UP’s mission is to provide accessible, high-quality training that empowers individuals with practical skills for the digital world. The Webmaster Training program emphasizes flexibility and remote work opportunities, preparing graduates for the evolving demands of the digital workforce. For more information, visit Go7UP to discover the latest details about the program and become a webmaster and work remotely starting today. Contact Details Go7UP Sebastien Santorelli contact@go7up.com Company Website https://www.go7up.com/

November 15, 2024 06:45 AM Eastern Standard Time

Saison Technology Introduces the HULFT Order Management Service

Saison Technology International

Saison Technology International today unveiled the HULFT Order Management Service. The offering combines a world-class data integration platform with AI- and ML-powered order workflow automation processes to streamline sales operations and improve accuracy, efficiency, and customer satisfaction. The solution will be available in January 2025, exclusively on Amazon Web Services (AWS) Marketplace — a digital catalog with thousands of product listings from independent software vendors (ISVs), data providers, and channel partners that helps simplify procurement, provisioning, and governance of software, data, and services. “In an era where customers expect swift, transparent, and hassle-free ordering experiences, Saison Technology is helping B2B customers to adapt and upgrade their sales order management systems,” said Masa Maruyama, CEO of Saison Technology. “HULFT Order Management is designed to meet these evolving demands by automating repetitive ordering tasks, integrating with enterprise systems, and enhancing end-to-end business processes.” Service Description and Benefits HULFT Order Management leverages AI, ML, and an LLM and has the ability to not only automate sales order workflows but also to free up workforce capacity. This allows companies to improve sales and customer service while eliminating manual procedures that often lead to inaccuracies and inefficiencies. Among the myriad benefits of the service, Saison Technology customers also report: Increased accuracy and data quality, reducing the risk of downtime, Significant reduction in operational costs without compromising performance, Enhanced customer insights for more effective sales strategies, A more engaged and satisfied workforce benefiting from streamlined processes. HULFT Sales Order Management can integrate data sources and enterprise applications into an end-to-end framework with improved visibility throughout the ordering process. Saison Technology can connect all the dots in the sales order management process without altering how customers initiate their orders. Visit our YouTube page for a short 60-second video. About Saison Technology Saison Technology (TYO: 9640) has helped more than 10,000 global enterprises move critical information, streamline data flows, and automate processes to instantly put knowledge where it is needed. Knowledge empowers people, inspires strategy, and transforms businesses and markets. In the right hands, in the right place, it is much more than a set of facts. Knowledge is a force that can inspire innovation, drive profits, and affect positive change. For more information, please visit https://saison-technology-intl.com. Contact Details Kurt Foeller +1 415-588-6390 kfoeller@saison-technology-intl.com Company Website https://saison-technology-intl.com

November 14, 2024 08:00 AM Pacific Standard Time

Fidelity's Bitcoin ETF Records Daily Inflow Of Over $8 Million

Cutoshi

Spot Bitcoin ETFs attracted a record-breaking inflow of close to $1.4B on Thursday, according to Senior ETF analyst Eric Balchunas. BlackRock’s iShares Bitcoin Trust collected more than $1.1B of this total. Other funds, including the Fidelity Wise Origin Bitcoin Fund, also attracted a noticeable daily inflow exceeding $8M. The surge coincided with BTC hitting the $76,943 mark. Tron also recorded an unprecedented surge in its transfer volume, which increased by 1928% over the year, as per data from Symbiosis. Moreover, as the two crypto giants continue to record impressive milestones, a new DeFi hybrid known as Cutoshi has also stood out, raising over 730K in its presale, which is only in 3rd stage. Cutoshi Farming Continues To Attract Major Investors Due to its unique innovations, Cutoshi is quickly becoming a viral crypto project. The project is designed to bring utility and luck to its investors through its unique hybrid DeFi ecosystem. Moreover, Cutoshi farming, now live, aims to provide its community members with a new way of earning money by completing quests and being rewarded with CUTO tokens. Cutoshi also stands out due to its decentralized exchange, offering users a low-fee, high-speed asset training experience across blockchains. The project also focuses on educating investors through the Cutoshi Academy, which helps learners understand the basics of DeFi and cryptocurrency technology. Through this feature, new investors could educate themselves about DeFi and discover new approaches to building a profitable portfolio. With a stage three presale price of $0.0259, Cutoshi is already offering over 70% ROI to early buyers. Given the CUTO token's capped supply of just 440M, this price is also set to surge in the next presale, which could help drive immense demand for the token, leading to token scarcity and driving the Cutoshi price even higher. Bitcoin Price Hits $77K Two Days After U.S. Election The price of Bitcoin crossed the $77K mark on November 8, setting a new ATH for the second consecutive day. This latest price mark was set just two days after Donald Trump won the US presidential election, topped with the election of several pro-crypto policymakers to Congress. With a market cap of over $1.5T, BTC is now the world’s ninth most valuable asset, surpassing Mark Zuckerberg’s Meta. Bitcoin’s YTD growth has also surged by over 115% as the BTC price trades around the $76,600 mark. Over the past month, the price of Bitcoin has surged by over 26%, with seasonal trends and halving-year data suggesting bullish prospects. Moreover, Bitcoin has always hit new highs during the previous two election cycles without returning to pre-election levels. Supported by technical indicators and the recent daily inflows of Bitcoin ETFs, the price of BTC could hit the $100K target before the year ends, followed by $200K by 2025. Adding to this momentum, the US Federal Reserve has lowered interest rates by 0.25%, a rare cut that could contribute to Bitcoin’s bullish sentiment. Tron Dao Unveils Tron-Peg USD Coin For Cross-Chain Transactions On Blockchain Tron Dao has unveiled the Tron-Peg USD Coin within the TRX blockchain, a new cross-chain designed to streamline global transactions while expanding Tron’s stablecoin ecosystem. This launch will allow users to leverage USD Coin across the TRX network, enhancing cross-chain functionality for a seamless and secure transaction. Tron-Peg USD Coin will simplify USDC transfers within Ethereum and Tron, establishing itself as a stablecoin bridge. Moreover, qualified users can acquire the Tron-Peg USD Coin through a straightforward cross-chain process. This strategic launch comes when Tron’s price performance has recorded a weekly dip of over 3% to trade around the $0.16 mark. If Tron’s price manages to overcome the $0.16 position, it would be on a path for further gains towards $0.17. Its RSI is also at 47, which suggests that the asset is still in a neutral position. Its 50—and 100-day SMAs, which are at $0.1593 and $0.1526, provide significant support should the TRX price dip. Can Cutoshi Mirror BTC Price Performance In Q4? As Bitcoin continues to experience significant price performance, Cutoshi is also looking to push Ethereum-based meme coins back into the limelight. Due to the project's DeFi ecosystem and built-in utilities, its growing presale is set to record significant price performance in Q4. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 14, 2024 10:42 AM Eastern Standard Time

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TeamWorking by TechNexus becomes largest coworking space in Chicago after expansion at historic Civic Opera Building

TechNexus Venture Collaborative

TeamWorking by TechNexus, a shared workspace located in Chicago, is now the city’s largest coworking space as a result of a multi-floor expansion at the historic Civic Opera Building. TeamWorking now operates 100,000+ square feet of suites, offices, and event space at 20 N. Wacker Dr. after entering into a management partnership agreement with the building. JLL represented TeamWorking in the expansion, which now makes TeamWorking Chicago’s largest single coworking location. Born out of TechNexus Venture Collaborative, one of the most active venture firms in the country, TeamWorking is a tech-focused coworking space in Chicago that helps firms ready to scale and grow find a home. As a leading provider of tech-focused coworking solutions in Chicago, TeamWorking offers a community where entrepreneurs, innovators, executives, and teams can thrive. Along with being the physical home for TechNexus, TeamWorking tenants include fast-growing tech firms such as Ocient, Network Perception and TruckSmarter. More than 80 firms call TeamWorking home. In addition to office space, the location offers a rooftop terrace, fitness center, podcast studio and full editing suite, stocked kitchens, wellness room and more. Additional amenities include meeting space for up to 175 guests. Top brands like McDonald’s, Airbnb and more turn to TeamWorking to host their events. “TeamWorking is where the best tech companies in Chicago come to scale,” said Fred Hoch, co-founder and general partner of TechNexus. “We know that space is only as good as the people you have in it. TeamWorking’s focus on collaboration, network building, and community connection have created a space for Chicago’s most innovative organizations to grow, collaborate and thrive.” Beyond TeamWorking becoming the largest coworking space in Chicago, this transaction represents one of the larger transactions completed across the West Loop, and signifies trending momentum for coworking, hybrid office space that fits what many entrepreneurs, innovators and startup organizations are seeking as they build and scale their organization, according to JLL. “TeamWorking’s expansion represents surging momentum and growth across Chicago’s downtown office landscape as more organizations are seeking desirable amenities and collaborative office spaces to fuel their growth,” noted JLL’s Deanna Becker, Executive Vice President. About TeamWorking by TechNexus Established in 2007, TeamWorking’s innovative tech-focused community has grown to more than 750 alumni. TeamWorking is currently home to more than 80 companies, creating a community where entrepreneurs, innovators, executives, and teams can thrive. TeamWorking is located in Chicago's Civic Opera Building, steps from Union Station, Ogilvie, and the CTA, offering easy access to Chicago’s central business district. Learn more about available TeamWorking space here. About TechNexus Venture Collaborative TechNexus helps leading corporations and ambitious entrepreneurs develop mutually beneficial relationships that accelerate growth opportunities. A first-of-its-kind Venture Collaborative, we invest capital, incubate, and collaborate to create new growth opportunities. TechNexus, in partnership with leading corporations, has invested in more than 150 startups across the globe. TechNexus helps portfolio companies grow by creating new business models, revenue streams, markets and products. Portfolio companies include Harbinger Motors, Tonal, H3X and more. For more information, please visit technexus.com. Contact Details TeamWorking by TechNexus Jim Dallke jdallke@technexus.com Company Website https://teamworking.vc/

November 13, 2024 01:00 PM Eastern Standard Time

Cutoshi Hits #1 Worldwide And In The USA – The Hype Behind $CUTO’s Explosive Growth

Cutoshi

Cutoshi, a memeFi project in presale, took X by storm yesterday as it went viral and took the number 1 trending spot worldwide and in the USA, for over 8 hours. This hype also spread worldwide, as $CUTO became the trending keyword for all countries. The term DeFi was also trending worldwide yesterday, showing that Cutoshi is proving itself to be one of the hottest decentralized crypto projects around. Meme Appeal Cutoshi is cute and catchy, bringing Lucky Cat energy to the blockchain and people’s digital assets. As crypto booms thanks to new all-time highs for Bitcoin, memecoins continue to dominate the market as the most profitable and engaged-with sector in crypto. And as of today, the meme coin market cap is at $105 billion according to CoinMarketCap, with a 24 hour trading volume of $60 billion. That shows us that a lot of people are trading memes right now. DOGE has been on a tear and has also been trending on X since the US elections, proving the enduring nature of important memecoins. MemeFi Hybrid Approach While DOGE has a first mover advantage as a memecoin, Cutoshi is new and in presale. There is another important difference between the two coins - utility. Dogecoin doesn’t have utility, or at least very little (it's accepted as payment in certain places, according to their website). Cutoshi, on the other hand, does. Cutoshi is currently building a cross-chain DEX to simplify swapping and trading on the blockchain, and a whole ecosystem revolving around the benefits of DeFi. The aim is to introduce people to DeFi and then help them to make the most out of it, and that’s why they are offering a learning academy to help people find out more in a fun way. $CUTO will be used throughout the ecosystem, ensuring that the token has true utility, which is essential for ensuring the price moves in the right direction. Fun And Community Is Key All good crypto projects have a loyal community. Decentralized exchanges like Uniswap and 1inch clearly have a loyal community. Cutoshi is currently engaging their growing community through quests and challenges such as meme-making. And because people love the fun of competition, they have built a leaderboard so that people can spur each other on. These quests accrue points, which will be swapped for $CUTO tokens, airdropped once the coin goes live. This ensures that all early community members are rewarded for their participation and can have more skin in the game. Over 1500 people have taken part in the quests within days of launch. Cutoshi Investors Are Early As anyone who’s taken a look at meme coins like Dogecoin and Shiba Inu knows, the ones who got in early profited the most, with DOGE up by an impressive 435,594% since its launch and SHIB up by an amazing 42,665,342%. Just $10 invested at this time in SHIB would have made a current holder over $4 million dollars! Although returns like this are exceptional, new coins are the way to get huge gains. Cutoshi is currently in presale phase; given the hype around it, it could be the next life-changing coin for wealth generation. For more information on the Cutoshi (CUTO) Presale: https://cutoshi.com/ Join and become a community member: https://twitter.com/CutoshiToken https://t.me/cutoshi Welcome to Cutoshi, the revolutionary meme coin, DeFi hub and educational platform inspired by the Lucky Cat and Satoshi Nakamoto’s teachings. Traditionally, people put the Lucky Cat in their homes and businesses to maximize its lucky powers and bring them good fortune and wealth. Now Cutoshi the Lucky Cat is on the blockchain bringing luck, prosperity, and wealth to your digital assets. Cutoshi is creating a path to financial freedom, for those who choose to honor the power of the Lucky Cat. Supporting the principles of freedom, privacy, anonymity, and monetary empowerment for the masses. Cutoshi aims to bring the benefits of blockchain to everyone. Contact Details Cutoshi hello@cutoshi.com Company Website https://cutoshi.com/

November 13, 2024 10:09 AM Eastern Standard Time

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SPARK Microsystems Redefines Wireless Gaming with New 8K Mouse Reference Design

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, today announced the release of its 8K gaming mouse reference design, supporting polling rates up to 8,000 Hz. Built for high-performance gaming and esports, this new design harnesses SPARK’s SR1020 ultra-wideband (UWB) wireless transceiver, offering a wireless gaming experience that matches the performance of wired solutions. The 8K mouse reference design is specifically engineered to meet the needs of competitive gamers, offering the seamless, high-speed responsiveness typically associated with wired mice. SPARK’s UWB technology delivers ultra-low latency of 0.2 ms and remarkably low power consumption – 30% or more lower than 2.4 GHz gaming mice at 8,000 Hz. SPARK’s technology outperforms traditional wireless standards by avoiding interference with the congested 2.4 GHz spectrum, ensuring an uninterrupted gaming experience free from the lag and delays often found in traditional wireless solutions. “Our focus at SPARK is on delivering practical innovations in short-range wireless communications, making it faster, more efficient, and seamlessly responsive" said Dr. Abdul Hafiz Alameh, PhD, Director of Product Marketing, SPARK Microsystems. "Our 8K mouse reference design, powered by the SR1020 UWB transceiver, provides industry-leading performance —offering a gaming experience indistinguishable from wired solutions.” Key features of SPARK’s 8K gaming mouse reference design include: Polling Rate: Unmatched smoothness and responsiveness with configurable polling rates up to 8 kHz. Ultra-Low Latency: Latency of 0.2 ms ensures a real-time response indistinguishable from wired solutions. Low Power Operation: Significantly reduced power consumption for extended battery life and smaller battery sizes. Low Interference: Operates outside congested frequency bands, avoiding the performance bottlenecks of traditional wireless systems. The new 8K gaming mouse reference design showcases the SR1020 UWB transceiver’s advanced capabilities, allowing for sustained high data rates while consuming minimal power. Gamers benefit from longer battery life and lighter, more agile designs, all without sacrificing performance. The design is part of SPARK’s growing ecosystem of reference designs, aimed at enhancing wireless capabilities in gaming, consumer electronics, and IoT markets. About SPARK Microsystems SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

November 13, 2024 09:33 AM Eastern Standard Time

Analysis of Top U.S. Sportsbooks Shows Long College Football Suspension Times When Compared to NFL According to Sports Odds Intelligence Firm Bettormetrics

Bettormetrics

Bettormetrics, a sports odds intelligence firm providing competitive sports odds data and insight to the sports betting industry, today released their latest report, a one-week comparison of suspension times between top operators during week eight of the college football season and week nine NFL games. The analysis found that while operators exhibit short suspensions during NFL games, there are still significant improvements to be made on suspension times during college football games. Suspension is when a sportsbook periodically shuts down betting lines in a sporting event to readjust the odds based on activity within the event, while uptime is the amount of time they are accepting live wagers during the game. Bettormetrics’ analysis found that DraftKings and FanDuel were suspended for the least and second least amount of time during NFL games, respectively, and the two operators flipped when it came to college football – with FanDuel leading the operators that were analyzed. DraftKings, who was previously noted as a market leader in past Bettormetrics’ reports on NBA and NFL season-long suspension times, suffered the biggest drop off during college games when compared to its NFL suspension times. On average, operators' suspension times were 8.7% worse during college games. Hard Rock saw the smallest drop in performance in comparison. “The NFL is clearly the American bettor’s favorite competition so it is only a matter of time before sportsbooks shift their focus to its younger sibling, college football, seeking improvements in suspension, uptime and overall trading performance,” said Sabin Brooks, Bettormetrics’ Chief Revenue Officer. “Those who master suspension in college games will ultimately come out on top. Doing so is a win-win because the bettor will have an improved betting experience meaning they will keep coming back and the operator will be able to bring in more handle, meaning a fly wheel of better product, customer experience and sportsbook profitability.” “While there are challenges with the availability, quality and speed of scouting data for college football, there is clear demand for betting on NCAA football. As such, operators are going to need to find solutions to overcome the tremendous suspension differences between the NFL and college football,” said Robert Urwin, Bettormetrics’ co-founder and CEO. “While we recognize that there are significantly more college games every weekend during football season than NFL, there is work to be done. With an estimated gross gaming revenue of over $800 million coming in during college football season, sportsbook operators will continue to lose out on potential revenue unless suspension times are addressed.” ABOUT BETTORMETRICS Bettormetrics is an innovative company providing competitive sports odds intelligence and insight to the sports betting industry. Bettormetrics’ Trading Analytics Platform is a SAAS product supporting sportsbook trading desks with cutting edge insight and analysis on the entire event life cycle, helping sportsbooks, data suppliers and B2B platforms gain an edge on competitors and ensure no profits are left on the table. For more information, please email info@bettormetrics.com or visit Bettormetrics.com. Contact Details Bailey Irelan birelan@hotpaperlantern.com Company Website https://bettormetrics.com/

November 13, 2024 08:51 AM Eastern Standard Time

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Customer Wins Fuel Triple-Digit Q3 Revenue Growth For Aeva Technologies, Are More Wins On The Horizon?

Benzinga

By Meg Flippin, Benzinga The world is becoming more automated, and LiDAR technology is playing a key role in helping make that happen. At Aeva Technologies Inc. (NYSE: AEVA), the company reports it is also gaining share as more customers transition to its next-generation FMCW 4D LiDAR technology. This is reflected in Aeva’s recently reported third-quarter results, with the company delivering triple-digit year-over-year revenue growth and several customer wins for its September-ending quarter. Aeva makes advanced LiDAR technology that uses a low-power continuous laser beam to measure range and velocity simultaneously. Aeva says this technology unlocks new levels of safety and automation by instantly discriminating between moving and non-moving points and knowing the precise velocity of objects in motion. This edge, along with other FMCW advantages not found in traditional 3D time-of-flight LiDAR solutions, garnered Aeva interest and customer wins in the third quarter. Revenue Growth On Display Take its revenue for starters. Aeva reported revenue of $2.3 million, up 178% from the year-ago third quarter. Aeva ended the quarter with $259.8 million of liquidity, bolstering its position to continue to grow the business. “Aeva in Q3 continued to gain momentum across multiple fronts as more customer programs and industries look to adopt Aeva's unique 4D LiDAR technology to enable next-generation solutions,” said Soroush Salehian, co-founder and CEO at Aeva during a conference call to discuss third-quarter results with Wall Street. “From new production awards to key milestones achieved towards production with existing partners and progress on securing additional wins, Aeva achieved major accomplishments this quarter.” New Contracts Fueling Demand During the third quarter, Aeva inked a multi-year sensor supply deal with The Indoor Lab, a LiDAR perception and analytics solutions company. Indoor Lab operates a LiDAR analytics platform used to improve safety, security and operational efficiency for major U.S. airports, mass transit railways, agriculture and smart infrastructure at theme parks and other large venues across the U.S. The multi-year agreement offers multiple tens of millions of dollars in revenue potential over just the next few years alone, the company said. The deal marks the first industrial customer production win for Atlas, Aeva’s next-generation 4D LiDAR. The sensor shipments have already started with a planned ramp-up in 2025 to support multiple projects at scale, the companies reported. “This is an exciting expansion for Aeva that offers meaningful revenue potential and builds on our first win in security earlier this year,” said Salehian. During the quarter, it also secured a win with a major European passenger vehicle original equipment manufacturer (OEM). The unnamed OEM selected Aeva’s 4D LiDARs because of their ability to collect velocity data which the OEM is using to validate its next-generation vehicle automation systems, reports Aeva. Importantly, on top of that, Aeva continued to work toward finalizing the RFQ for a global top 10 passenger OEM’s vehicle program in addition to making progress on other RFQs in the passenger vehicle market. On the trucking front, Aeva is helping companies make self-driving trucks a reality, including its $1 billion dea l with Daimler Truck AG and Torc Robotics, an independent subsidiary of Daimler Truck. Through the multi-year OEM deal, Aeva’s 4D LiDAR is the exclusive long range and ultra long range LiDARs for Daimler Truck’s Class 8 Freightliner Cascadia autonomous truck platform, which, together with Torc’s autonomous driving stack, will enable highway speed autonomy. These are heavy-duty trucks that spend most of their time on interstates hauling cargo to and fro. The companies see heavy-duty trucking as an area rife for autonomous vehicles given the severe shortages of drivers in that segment of the industry. During the quarter Torc, using Aeva’s LiDAR technology, successfully validated fully driverless operations at highway speeds up to 65 miles per hour, a key milestone in the commercialization plan for Daimler Truck’s autonomous truck production program by 2027, reported Aeva. The Key: Speeding Up Production To meet all the demand Aeva is seeing, the company said that during the quarter, it pulled forward the first shipments of Aeva Atlas, its production-intent product, by approximately two quarters. Aeva is currently implementing plans to scale production for next year. “Aeva continues to convert the growing interest in our unique 4D LiDAR technology to new wins while also achieving critical milestones for our existing production programs,” said Soroush Salehian, Co-Founder and CEO at Aeva. “With more industries looking to adopt FMCW technology, we made the strategic decision and executed on pulling forward first shipments of Atlas to the third quarter to meet more of our strong demand. We believe this further places Aeva on the path to leading the market and expanding our commercial momentum with additional wins in automotive, industrial and beyond.” Learn more about Aeva Technologies Inc. by checking out its investors deck here. Featured photo by Clay Banks 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

November 13, 2024 08:45 AM Eastern Standard Time

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