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Biotechs Zero in on New Pancreatic Therapies as Global Pancreatic Cancer Market Expected Reach to $7.4 Billion By 2032

Palm Beach, FL – May 24, 2024 – The pancreatic cancer market encompasses the pharmaceutical and healthcare sectors dedicated to addressing the prevention, diagnosis, and treatment of pancreatic cancer, a particularly aggressive and often fatal form of cancer affecting the pancreas. With its low survival rates and limited treatment options, pancreatic cancer remains a significant focus of medical research and development efforts.  A recent report from BioSpace projected that the pancreatic cancer market size which grew to USD 2.05 billion in 2022 is estimated to hit approximately USD 7.4 billion by 2032, with a CAGR of 13.7% for the period of 2023 – 2032.   The report said: “This growth is driven by increasing instances of pancreatic cancer and higher investments in pancreatic oncology research.  In recent years, the pancreatic cancer market has experienced steady growth, largely driven by the increasing prevalence of pancreatic cancer cases globally. As of 2020, pancreatic cancer ranks as the third most common cause of cancer-related deaths worldwide, with over 64,000 new cases diagnosed in the United States alone in 2023, resulting in over 50,000 deaths.”  Active biotech and pharma companies in the markets this week include Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC), Renovaro, Inc. (NASDAQ: RENB), Altamira Therapeutics Ltd. (NASDAQ: CYTO), Pfizer Inc. (NYSE: PFE), AbbVie (NYSE: ABBV).

 

BioSpace concluded: “Several notable trends are shaping the pancreatic cancer market. Among them are advancements in early detection and diagnosis facilitated by improved imaging technologies, as well as the rapid progress in precision medicine.  Early detection methods such as endoscopic ultrasound and magnetic resonance imaging have improved the ability to identify pancreatic tumors at earlier stages, facilitating more effective treatment interventions. Precision medicine leverages genomic profiling and molecular diagnostics to understand the genetic alterations driving pancreatic cancer, leading to the development of targeted therapies tailored to individual patients for more personalized and efficacious treatment approaches.”

 

Oncolytics Biotech® Inc. (NASDAQ: ONCY) (TSX: ONC) ASCO Abstracts Highlight Pelareorep’s Potential in Pancreatic Cancer and Immunotherapeutic Mechanism of Action –

 

  • Trial-in-progress abstract highlights new cohort that could expand the company’s pancreatic cancer program
  • Pelareorep’s ability to expand TILs highlights its immunotherapeutic mechanism of action and potential as a backbone immunotherapy for multiple indications –

 

Oncolytics Biotech ® Inc., ($ONCY $ONC) a leading clinical-stage company specializing in immunotherapy for oncology, presented two abstracts at the 2024 American Society of Clinical Oncology (ASCO) Annual Meeting. One is a trial-in-progress abstract discussing cohort 5 of the GOBLET study, which will evaluate the combination of pelareorep and modified FOLFIRINOX (mFOLFIRINOX) with and without atezolizumab in newly diagnosed metastatic pancreatic ductal adenocarcinoma (PDAC) patients. The second describes pelareorep’s ability to induce the expansion of tumor-infiltrating lymphocytes (TILs) across multiple cancers and the correlation between TIL expansion and tumor response. The ASCO annual meeting will take place from May 31 – June 4, 2024, in Chicago, Illinois.

 

“The two abstracts that we are sharing at ASCO this year are in synch with our mission of advancing pelareorep towards registrational trials. The first abstract outlines the design of a new GOBLET PDAC cohort that could significantly expand the potential of the company’s pancreatic cancer program,” said Dr. Matt Coffey, President and Chief Executive Officer of Oncolytics. “The chemotherapy regimens of mFOLFIRINOX and gemcitabine/nab-paclitaxel are the two most common standards of care in metastatic pancreatic cancer. We previously reported that the combination of pelareorep, gemcitabine, nab-paclitaxel, and atezolizumab yielded tumor response rates nearly triple historical results. Should the combination of pelareorep and mFOLFIRINOX produce a similarly positive outcome, an even broader range of metastatic PDAC patients may benefit from pelareorep-based therapy. This cohort is being funded by a US$5 million grant in the form of the Therapeutic Accelerator Award from the Pancreatic Cancer Action Network (PanCAN). We anticipate enrollment in this cohort will begin this quarter.”

 

Thomas Heineman, MD, PhD, Chief Medical Officer of Oncolytics stated, “Pelareorep stimulates a proinflammatory response that primes tumors for immunologic killing and also activates both innate and adaptive immune responses. Our second ASCO abstract provides additional support for pelareorep’s immunotherapeutic mechanism of action by describing its ability to stimulate the expansion of pre-existing and new TIL clones in the blood, which correlate with treatment response. These results build upon previously reported data from the AWARE-1 study in breast cancer to expand our understanding of pelareorep’s immune-based mechanism of action, and it supports further investigation of TIL expansion as a potential biomarker of clinical activity in patients treated with pelareorep.”  CONTINUED Read these full press releases and more news for ONCY at:  https://www.financialnewsmedia.com/news-oncy/

 

Other recent developments in the biotech industry of note for cancer events include:

 

RenovaroCube, wholly owned subsidiary of Renovaro, Inc. (NASDAQ: RENB) recently unveiled Flamingo, a potentially groundbreaking multi-cancer detection model contributing to its mission to transform early cancer diagnostics. Leveraging ultra-low pass whole genome sequencing (ULP-WGS) of cell-free DNA (cfDNA), Flamingo represents a promising leap forward in the fight against cancer.

 

Traditional cancer detection methods often fall short in identifying cancers at an early stage when treatment is the most effective. However, Flamingo has the potential to overcome these limitations by harnessing the power of AI to analyze minute amounts of cfDNA data that is highly accurate.

 

“At RenovaroCube, we believe in pushing the boundaries of possibility,” states Daan Vessies, senior scientist at RenovaroCube. “Flamingo undescores our commitment to change cancer diagnostics in a transformative way, ultimately offering clinicians a powerful tool to detect cancer across diverse omic layers.”

 

Altamira Therapeutics Ltd. (NASDAQ: CYTO) recently announced that highlights from the NASAR clinical trial with Bentrio® nasal spray in seasonal allergic rhinitis (SAR) have been published in video format on the social media channels of Allergy, one of the highest-ranking journals in the field of allergology world-wide. This follows the journal’s publication in April of the peer-reviewed article “AM-301, a barrier-forming nasal spray, versus saline spray in seasonal allergic rhinitis: A randomized clinical trial” which had provided detailed information about this pivotal trial.

 

The NASAR trial enrolled 100 patients during allergy season in Australia who were randomized at a 1:1 ratio to receive either Bentrio or saline nasal spray, the current standard of care in drug-free SAR management. Study participants self-administered the treatment for two weeks three times per day. The study met its primary efficacy endpoint, showing a statistically significant reduction in the mean daily reflective Total Nasal Symptom Score (rTNSS) for Bentrio compared to saline (p = 0.013), as well as its secondary efficacy endpoints. The latter included, among others, a statistically significant improvement in health-related quality of life (Rhinoconjunctivitis Quality of Life Questionnaire, p < 0.001) and superior global ratings of efficacy by patients and investigators alike (p < 0.001). In addition, Bentrio showed good safety and tolerability, similar to saline controls, and fewer Bentrio treated patients used relief medication and more of them enjoyed symptom-free days compared to saline treatment.

 

Arvinas, Inc. (ARVN) and Pfizer Inc. (NYSE: PFE) recently announced updated clinical data from a Phase 1b combination cohort evaluating vepdegestrant, an investigational oral PROteolysis TArgeting Chimera (PROTAC®) estrogen receptor (ER) degrader, in combination with palbociclib (IBRANCE®). After six months of additional follow-up, these data are consistent with data presented at the San Antonio Breast Cancer Symposium (SABCS) in December 2023, and show that vepdegestrant plus palbociclib continue to demonstrate encouraging clinical activity in heavily pre-treated patients with a median of four lines of prior therapy with locally advanced or metastatic ER positive (ER+)/human epidermal growth factor 2 (HER2) negative (ER+/HER2-) breast cancer. These updated data were presented at the 2024 European Society for Medical Oncology (ESMO) Breast Cancer Annual Congress.

 

AbbVie (NYSE: ABBV) and Gilgamesh Pharmaceuticals recently announced a collaboration and option-to-license agreement to develop next-generation therapies for psychiatric disorders. This collaboration will leverage AbbVie’s expertise in psychiatry and Gilgamesh’s innovative research platform to discover novel neuroplastogens.

 

Classic psychedelic compounds provide novel mechanisms to address mental health disorders, and some have shown promising clinical efficacy where other treatments have been ineffective. However, these first-generation compounds may induce profound psychoactive effects, such as hallucinations, necessitating in-office administration and concomitant supportive care.

 

Next-generation versions known as neuroplastogens target mechanisms that have shown potential to provide significant clinical benefits and are designed to minimize the challenging effects seen with first-generation compounds. These new compounds hold substantial promise for treating a variety of psychiatric conditions, including mood and anxiety disorders. Gilgamesh has leveraged an innovative research platform to successfully identify lead compounds in this novel class of therapeutics.

 

About FN Media Group:

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty nine hundred dollars for news coverage of the current press releases issued by Oncolytics Biotech® Inc.  by a non-affiliated third party.

 

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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Hybrid Aircraft Market Size Expected to Reach $13.2 Billion By 2030 as Demand Grows for Commercial Applications

Palm Beach, FL – April 2, 2024 – FN Media Group News Commentary – According to a report from MarketsAndMarkets projected that the Hybrid Aircraft Market size is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.   It said: “The Hybrid Aircraft Industry is driven by factors such as increasing demand for short haul range connectivity, technological convergence and increasing demand for alternate modes of transportation.  Short-haul range connectivity refers to air travel over relatively short distances, typically between nearby cities or regions. These flights are usually within a few hundred to a few thousand kilometers, and they are commonly served by regional airlines or low-cost carriers. Short-haul flights are essential for connecting smaller cities, supporting regional economies, and providing convenient transportation options for travelers. Hybrid aircraft, especially those with electric propulsion systems as primary source, are well-suited for short-haul flights because they can operate with greater fuel efficiency compared to traditional aircraft. Electric propulsion systems have the potential to significantly reduce fuel consumption and operating costs, which is particularly attractive for airlines operating frequent short-haul flights.  Short-haul flights, despite their relatively short distances, can collectively contribute to a substantial carbon footprint due to the high number of takeoffs and landings involved. Hybrid aircraft offer the advantage of reduced emissions and lower noise levels, making them more environmentally friendly. Short-haul flights often operate in and out of airports located in or near urban areas. Hybrid aircraft, particularly those with electric propulsion, produce less noise during takeoff and flight, making them more suitable for operating in noise-sensitive regions. This can lead to reduced community opposition and support for expanding regional flight operations.”  Active defense stocks in news today include:  KULR Technology Group, Inc. (NYSE: KULR), Joby Aviation, Inc. (NYSE: JOBY), Lilium N.V. (NASDAQ: LILM), Archer Aviation Inc. (NYSE: ACHR), Blade Air Mobility, Inc. (NASDAQ: BLDE).

 

MarketsAndMarkets continued: “Hybrid-electric aircraft can have faster charging times compared to traditional aircraft refueling processes, which can be advantageous for airlines running frequent short-haul flights. This reduces turnaround times at airports, enabling more efficient flight scheduling and improved utilization of aircraft. Short-haul flights serve regional markets, connecting smaller cities and remote locations that may not have the infrastructure to accommodate large airports. Hybrid aircraft can offer flexible and economically viable solutions for regional air travel, supporting regional connectivity and economic development. High chance of Governments and regulatory bodies prioritizing and supporting the development and adoption of hybrid aircraft for short-haul flights could be seen in upcoming years. They recognize the potential environmental and economic benefits of such hybrid-aircraft in reducing emissions, noise pollution, and enhancing regional connectivity. As hybrid aircraft technology continues to advance, their capabilities, reliability, and performance improve, making them increasingly viable for short-haul operations. Advancements in battery technology, electric motors, and power management systems contribute to the feasibility of electric and hybrid-electric aircraft for regional flights.”

 

KULR Technology Group, Inc. (NYSE American: KULR) Secures Over $1M Contract from H55 for Proprietary, Patented Thermal Runaway Shield TechnologyKULR Technology Group, (the “Company” or “KULR”), renowned for its contributions to sustainable energy management, today unveiled a commitment exceeding $1 million with H55 Inc. (“H55”), a pioneer and global leader in electric propulsion. H55 will employ KULR’s unique Thermal Runaway Shield (“TRS”) within its propulsion systems that equip fleets of industry behemoths such as Pratt & Whitney and CAE Inc. (NYSE: CAE). According to the agreement, the initial delivery phase began in Q1 2024. Embedding KULR’s TRS into H55’s Electrical Propulsion System (“EPS”) is critical for aligning with the European Union Aviation Safety Agency (“EASA”) safety protocols. H55 harnesses KULR’s innovative TRS to construct systems that adhere to stringent safety measures while retaining efficiency and energy density. EASA recently approved the H55 EPS solution, paving the way for the critical compliance demonstration phase of their certification program (https://h55.ch/news/).

 

Michael Mo, CEO of KULR, reflected on the significance of this collaboration. “Working with H55 epitomizes our commitment to setting new standards for safety in electric aviation. With H55, we reinforce our role in addressing the escalating compliance requisites from regulatory bodies such as EASA and the FAA. Our goal is to ensure our technology not only fulfills but also anticipates the evolving safety needs of the electric aviation sector.”

 

Martin Larose, CEO of H55, also acknowledged the positive side of this collaboration. “Tightening the relationship with KULR has marked a transformative step for us. The TRS technology from KULR has enabled us to push the safety norms and position H55 as a global leader. We are equipped to offer products that defy the rigorous requirements of EASA while preserving the high caliber and compactness our clients rely on. This synergy with KULR promises significant progress.”

 

According to a recent forecast, the global hybrid aircraft market is estimated to grow from USD 1.2 billion in 2023 to USD 13.2 billion by 2030, at a CAGR of 41.6% from 2023 to 2030.  KULR continues to pioneer revolutionary energy management solutions, propelling the electric aviation industry forward.  CONTINUED…  Read this entire press release and more news for KULR at:  https://www.financialnewsmedia.com/news-kulr/

 

In other defense industry developments of note:

 

Joby Aviation, Inc. (NYSE: JOBY), a company developing electric air taxis for commercial passenger service, recently announced it has acquired an existing facility at Dayton International Airport and begun hiring in support of the Company’s initial manufacturing operations in Dayton, Ohio.

 

The facility acquired by Joby will be fitted out to support initial manufacturing operations in Dayton, which are expected to begin later this year. The facility will be used for the manufacturing of aircraft parts in support of Joby’s Pilot Production Line in Marina, California.

 

Joby’s acquisition of the on-airport facility is the first step in the Company’s plan to develop facilities capable of building up to 500 aircraft per year in Dayton, which is expected to include the design and construction of a larger greenfield factory.

 

Lilium N.V. (NASDAQ: LILM), developer of the first all-electric vertical take-off and landing (“eVTOL”) jet, has recently teamed up with Atlantic Aviation, a leading fixed-based operation (FBO) and aviation services provider, to prepare Atlantic’s network of more than 100 FBOs for the Lilium Jet’s regional upcoming air mobility service launch in the United States.

 

This strategic partnership will work to ensure seamless compatibility between the Lilium Jet and Atlantic’s network of aviation assets across North America, enabling Advanced Air Mobility operations at current and future locations. Atlantic operates sites at more than 30 airport locations within Lilium’s planned launch markets in Florida, Southern California, the Northeast corridor, and Texas.

 

Archer Aviation Inc., (NYSE: ACHR) a leader in the development of electric vertical takeoff and landing (“eVTOL”) aircraft, recently announced the successful completion of rigorous battery pack drop testing conducted at a National Institute for Aviation Research lab. This marks a significant milestone in the development of the company’s proprietary electric propulsion system for its Midnight aircraft in what is seen as one of the most difficult tests to pass for an eVTOL aircraft, putting Archer in a strong position to successfully complete this same test in upcoming for-credit testing with the FAA.

 

Over the course of this week, Archer’s engineering and certification teams led Midnight’s proprietary battery packs through three 50-foot drop tests simulating extreme impact scenarios. Tested at varying states of charge, 0%, 30%, and 100%, the battery packs withstood the impact without any signs of failure and, remarkably, continued to function properly.

 

Blade Air Mobility, Inc. (NASDAQ: BLDE), recently announced financial results for the fourth quarter ended December 31, 2023.  “After a rewarding year of strong growth, flight profit margin expansion and cost structure improvements, we are now confident to begin providing guidance to our investors for positive Adjusted EBITDA for the year-ending December 31, 2024 and double-digit Adjusted EBITDA in 2025(2),” said Rob Wiesenthal, Blade’s Chief Executive Officer. “Though Q4 is a seasonally light quarter for Blade, we remained focused on continued margin enhancement and significant additions to our dedicated aircraft fleet, highlighted by the acquisition of eight jets for our organ transportation business. These initiatives will further improve our competitive positioning without compromising the benefits of our asset-light model, as the vast majority of our Medical flights and nearly 100% of our Passenger flights will continue to be serviced by third-party owned and operated aircraft.”

 

“We’ve made huge progress transitioning more and more of our Medical flights to dedicated aircraft that provide us with fixed cost leverage as we grow and are strategically based near our hospital customers,” said Will Heyburn, Blade’s Chief Financial Officer. “This is a win-win that has enabled us to increase our Flight Profit per trip while reducing costs for our hospital customers. When paired with our growing fleet of medical vehicles and new organ placement offering, we believe we’ve built the most cost-effective and reliable end-to-end organ logistics platform in the United States. At the same time, we improved our Passenger flight profit margins by five percentage points in Q4 2023 versus the prior year, demonstrating our path to full-year profitability in the Passenger segment, which we expect in 2025.”

 

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE: FN Media Group

Global Electronic Warfare Market Size Expected to Reach $24.76 Billion by 2029

Palm Beach, FL – March 26, 2024 – FN Media Group News Commentary – The Global Electronic Warfare market size has been steadily rising and is projected by numerous reports to continue to see significant growth throughout the decade. The electronic warfare market is marked by the presence of global and local players competing in technology and product offerings; Some major market players are Lockheed Martin Corporation, L3Harris Technologies, Inc., Northrop Grumman Corporation, RTX Corporation, and Leonardo S.p.A., amongst others. A report from Mordor Intelligence projected that the Electronic Warfare Market size is estimated at USD 19.30 billion in 2024, and is expected to reach USD 24.76 billion by 2029, growing at a CAGR of 5.11% during the forecast period (2024-2029).  The report said: “The ongoing border disputes between several nations as well as the changing nature of modern warfare are expected to generate substantial demand for sophisticated electronic warfare systems that possess advanced capabilities thereby generating significant market growth during the forecast period. Moreover, the development of multilayered defensive systems owing to significant technological developments as well as the growing integration of electronics into military hardware is expected to bolster the growth of the market in the coming years.  Significant progress in terms of the development of cognitive electronic warfare which refers to the integration of advanced technologies such as artificial intelligence (AI) and neural networks to manufacture faster systems with minimal lag in threat detection and tracking will alter the current market dynamics, drive innovation from the market players and create potential business opportunities during the forecast period.”   Active defense stocks in news today include:  KULR Technology Group, Inc. (NYSE: KULR), Lockheed Martin (NYSE: LMT), Northrop Grumman Corporation (NYSE: NOC), RTX Corporation (NYSE: RTX), General Dynamics Corporation (NYSE: GD).

 

Mordor Intelligence concluded: “Various players in the market are investing significantly in research and developing advanced next-generation warfare products having higher electromagnetic capabilities. Furthermore, various players are collaborating with defense forces worldwide to understand the military requirements and develop cutting-edge technologies such as radio frequency-enabled cyber (cyber capabilities within electronic warfare systems) while also working towards business expansion. In addition, the higher geographical presence of international companies coupled with significantly growing investment in new technologies as compared to their regional counterparts is anticipated to lead to international companies increasing their market share significantly in the years to come.”

 

KULR Technology Group, Inc. (NYSE American: KULR) Enters into an Agreement with Lockheed Martin for Heat Sink Advancements in Precision Missile ElectronicsKULR Technology Group, (the “Company” or “KULR”), a global leader in sustainable energy management, today proudly announces receiving a six-figure contract from Lockheed Martin (NYSE: LMT) for developing phase change material (“PCM”) heat sinks that are pivotal for the thermal regulation of essential electronics within long-range precision missiles. This achievement follows a series of successful evaluations that showcased the efficiency of KULR’s solutions in cooling critical onboard systems.  With over two decades of pioneering work in heat dissipation technologies, KULR has become a trusted provider for demanding sectors, including defense, aerospace, and beyond. This latest contract with Lockheed Martin underscores KULR’s role as a source of innovative cooling solutions.

 

KULR’s PCM heat sinks stand out for their efficient, lightweight, and durable design, ideal for managing the heat loads of systems requiring intense, short bursts of power. Such capabilities are crucial for maintaining the reliability and performance of sophisticated missile electronics. Lockheed Martin’s selection of KULR for this project reflects confidence in the company’s ability to meet the high standards required for aerospace and defense applications.

 

Ted Krupp, KULR’s VP of Sales and Marketing, expressed pride in this collaboration, stating, “Our partnership with Lockheed Martin validates our drive for excellence and innovation in managing high-stakes thermal challenges. Our work is critical for enhancing the capabilities of precision-guided weaponry.” KULR remains at the forefront of thermal regulation technology, continuously evolving its solutions to support safer, more efficient electronic and battery systems across a variety of applications.

 

According to Straits Research, the global electronic warfare market size is estimated to reach an expected value of USD 27.79 billion by 2030, registering a CAGR of 5.8% during the forecast period of 2022 to 2030.  CONTINUED…  Read this entire press release and more news for KULR at:  https://www.financialnewsmedia.com/news-kulr/

 

In other defense industry developments of note:

 

Lockheed Martin (NYSE: LMT) recently successfully completed a Missile Defense Agency (MDA) acquisition milestone for the nation’s modernized long range ballistic missile interceptor. The company completed the first Knowledge Point – known as KP1 – ahead of schedule, taking a major contractual step forward that allows its Next Generation Interceptor (NGI) program to continue development towards the Critical Design Review (CDR).

 

During KP1, the MDA evaluated Lockheed Martin’s development progress to date. This includes completing design review milestones and demonstrating significant maturation across critical technologies, manufacturing readiness, and utility of the company’s NGI Software Factory. This KP1 achievement follows the program’s All Up Round Preliminary Design Review, which Lockheed Martin executed on-schedule in September.

 

Northrop Grumman Corporation (NYSE: NOC) recently completed tests of several crucial elements of the Sentinel intercontinental ballistic missile (ICBM), marking significant progress for the program in its engineering, manufacturing and development phase.

 

Forward and aft sections of a Sentinel ICBM missile were evaluated through a rigorous test campaign at the company’s Strategic Missile Test and Production Complex in Promontory, Utah. The tests lower risk for the program with important data about the missile’s inflight structural dynamics. Data from the tests help engineering teams mature models, lower risk and ensure flight success.

 

The shroud fly-off and missile modal tests were part of the company’s engineering, manufacturing, and development (EMD), or design, contract for Sentinel. Northrop Grumman is closely partnered with the Air Force as the EMD phase progresses and key milestones are achieved.

 

Pratt & Whitney, an RTX Corporation (NYSE: RTX) business, recently received full funding in the recently passed fiscal year 2024 Defense Appropriations bill for its F135 Engine Core Upgrade, which will modernize the F-35’s propulsion system to increase durability and fully-enable Block 4 capabilities and beyond starting in 2029.

 

“This bill will allow Pratt & Whitney to deliver the current and future propulsion capabilities that will keep the United States and its allies on the cutting edge of fighter engine technology,” said Jill Albertelli, president of Pratt & Whitney Military Engines. “We are incredibly thankful to our congressional allies for their steadfast commitment to supporting these programs.”

 

General Dynamics Corporation (NYSE: GD) – General Dynamics European Land Systems – Steyr (GDELS) recently announced that it has been awarded a contract to deliver an additional 225 PANDUR 6×6 EVO wheeled armored vehicles to the Austrian Armed Forces. The contract has an initial value of 1.2 billion euros (U.S. $1.3 billion).

 

GDELS already has 100 PANDUR EVO vehicles under contract, with the third batch currently in production and delivery. In addition to the delivery of state-of-the-art personnel carriers and flexible conversion kits for medical, and command & control missions, the order includes eight new vehicle variants, including vehicles equipped with a 120 mm mortar combat system, as well as mobile air defense and electronic warfare variants.

 

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty two hundred dollars for news coverage of the current press releases issued by KULR Technology Group, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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Billion Dollar Uranium Market Growing at a Solid Rate Along With Rising Adoption Strategies

Palm Beach, FL – March 6, 2024 – FN Media Group News Commentary – The Global Uranium Mining Market has consistently been growing over the past several years and is expected to continue for years to come. Uranium is a silver-white metal chemical element belonging to the lanthanide series of the periodic table. Its chemical symbol is U and its atomic order is 92. Each uranium atom has 92 protons and 92 electrons, 6 of which are valence electrons. Uranium is micro-radioactive, its isotopes are unstable, and uranium-238 and uranium-235 are the most common.  A report from Market Reports World said that the global Uranium market size is expected to expand at a CAGR of 3.6% of 3.6% during the forecast period, reaching USD $3.27 Billion by 2027. The report said that the primary factors propelling the growth in the industry is primarily fueled by technological advancements, evolving consumer preferences, and the impact of government policies and regulations, which serve as drivers for expansion.  Another report from 360Research Reports said: “The Global Uranium Mining, market is anticipated to rise at a considerable rate during the forecast period, between 2024 and 2031. In 2023, the market is growing at a steady rate and with the rising adoption of strategies by key players, the market is expected to rise over the projected horizon.” Active mining companies in the markets this week include Stallion Uranium Corp. (OTCQB: STLNF) (TSX-V: STUD), CanAlaska Uranium Ltd. (OTCQX: CVVUF) (TSX-V: CVV), Denison Mines Corp (NYSE American: DNN), IsoEnergy Ltd. (OTCQX: ISENF) (TSX-V: ISO), Energy Fuels Inc. (NYSE American: UUUU).

 

360Research Reports continued: “North America, especially The United States, will still play an important role which cannot be ignored. Any changes from United States might affect the development trend of Uranium Mining. The market in North America is expected to grow considerably during the forecast period. The high adoption of advanced technology and the presence of large players in this region are likely to create ample growth opportunities for the market.  Europe also play important roles in global market, with a magnificent growth in CAGR During the Forecast period 2024-2031.  Despite the presence of intense competition, due to the global recovery trend is clear, investors are still optimistic about this area, and it will still be more new investments entering the field in the future.”

 

Stallion Uranium Corp. (TSX-V: STUD) (OTCQB: STLNF) Commences Drilling on Appaloosa Uranium Target – 3,300 Meter Program Testing High Priority Appaloosa Target Stallion Uranium Corp. (FSE: HM40) is pleased to announce that it has begun drilling on its high priority Appaloosa Target as part the Company’s maiden drill program on its 100% owned Coffer Project in the prolific Southwestern Athabasca Basin in Saskatchewan, Canada.

 

Highlights:

  • The objective of the drill program is the discovery of uranium mineralization associated with conductive electromagnetic (EM) anomalies.
  • Drill holes are targeting multiple stacked geophysical anomalies including conductive EM anomalies, gravity low anomalies and magnetic low anomalies.
  • Approximately 3,300 meters are planned in 3 drill holes.
  • Stallion holds a 100% ownership of the project.

 

“Drilling marks a key milestone for Stallion as we move into more advanced exploration with potential to make a uranium discovery! We have been able to progress the Appaloosa target from a regional survey to an advanced drill target that hosts several known features associated with uranium mineralization,” stated Drew Zimmerman, CEO. “Our systematic approach over such a large land package gives our team high confidence in drill testing the Appaloosa target.”

 

Drill Program:  The diamond drill program is the maiden drill program for Stallion Uranium. Drilling on the first hole is currently underway and will be the first drilling undertaken on Stallion’s 100% owned Coffer Project. The Company has contracted CYR Drilling, a company with extensive drilling experience with a history of successful drill programs in the Southwestern Athabasca Basin. They will utilize one drill to complete a 3,300-meter program on the Appaloosa target. The target area hosts a ~6 km long EM conductor located on the contact between the Beaverlodge and Taltson geological domains. The contact between two domains is an optimal location for uranium bearing fluid to concentrate. The drill targets are along the identified EM conductor and will focus on coincident gravity and magnetic lows associated with alteration which have the potential to host uranium mineralization. The results from the recent ground EM survey are being plate modeled which will be integrated into the final drill targeting models.

 

Stallion will be announcing any anomalous scintillometer results from the program as a preliminary indication of the presence of radioactive materials if they are encountered. Final assay results will be released when available and are expected in the summer of 2024 after lithogeochemical analysis is completed.

 

Darren Slugoski, VP Exploration Canada, commented. “We are thrilled to announce that drill coring has begun on Coffer Project. This drilling program is the result from our successful exploration in 2023. We will continue to update market and shareholders with the news as we receive the results.” CONTINUED… Read these full press releases and more news for Stallion Uranium at:  https://www.financialnewsmedia.com/news-stud/      

 

Other recent developments in the mining industry of note include:

 

CanAlaska Uranium Ltd. (OTCQX: CVVUF) (TSX-V: CVV) recently reported that drillhole WMA082-4 has intersected 13.75% eU3O8 over 16.8 metres, including 40.30% eU3O8 over 4.7 metres and 13.54% eU3O8 over 2.4 metres at the Pike Zone as part of the ongoing winter exploration program on the West McArthur Joint Venture project (the “Project”) in the eastern Athabasca Basin. The main objectives of the 2024 drill program are continued expansion of the Pike Zone discovery and along strike unconformity testing to the northeast and southwest. The West McArthur project, a Joint Venture with Cameco Corporation, is operated by CanAlaska that holds an 83.35% ownership in the Project (Figure 1). CanAlaska is sole-funding the 2024 West McArthur program, further increasing its majority ownership in the Project.

 

CanAlaska CEO, Cory Belyk, comments, “It is extremely rare to intersect uranium mineralization of this grade and width anywhere in the world, including the Athabasca Basin. This is a significant outcome for the West McArthur JV and CanAlaska shareholders. Since initial discovery in 2022, the CanAlaska team has believed Pike Zone had the potential for Cigar- and McArthur River-like uranium grades and thickness based on prior drilling results. The geologists have been laser focused on determining the geological controls in a clear and methodical approach and the results of this fantastic work are now achieving outcomes for our shareholders. Tier 1 uranium deposits always occur as ‘pearls on a string’ and we have now found a pearl. We look forward to the remainder of the winter program results from West McArthur in the backdrop of an eastern Athabasca region that requires a tier 1 uranium deposit discovery to maintain its current production profile.”

 

IsoEnergy Ltd. (OTCQX: ISENF) (TSX-V: ISO) recently announced its strategic decision to reopen access to the underground at our Tony M uranium mine (“Tony M” or the “Mine) in the first half of 2024 (“H1-2024”), with the goal of restarting uranium production operations in 2025, should market conditions continue as expected. The decision to advance Tony M is underpinned by rising uranium prices, the climate of increasing support and demand for nuclear energy, and the recent announcement by Energy Fuels Inc. (“EFR”) to restart its uranium circuit at the White Mesa Mill (the “Mill”), with whom IsoEnergy has a toll milling agreement.

 

Tony M, along with our Daneros and Rim projects, is one of three past-producing, fully-permitted, uranium mines in Utah owned by IsoEnergy, and is a large-scale, fully-developed and permitted underground mine that previously produced nearly one million pounds of U3O8 during two different periods of operation, from 1979-1984 and from 2007-2008.

 

Energy Fuels Inc. (NYSE American: UUUU) recently reported its financial results for the year ended December 31, 2023. The Company’s Annual Report on Form 10-K has been filed with the U.S. Securities and Exchange Commission (“SEC”) and may be viewed on the Electronic Document Gathering and Retrieval System (“EDGAR”) at www.sec.gov/edgar.html, on the System for Electronic Document Analysis and Retrieval (“SEDAR”) at www.sedar.com, and on the Company’s website at www.energyfuels.com. Unless noted otherwise, all dollar amounts are in U.S. dollars.

 

Mark S. Chalmers, Energy Fuels’ President and CEO, stated:  “In 2023, Energy Fuels joined an exclusive club. With nearly $100 million in net income, we became one of the only profitable non-state-owned uranium mining companies in the world. There were two factors that contributed to our profitability: profitable uranium sales that captured the recent sharp rise in uranium prices and the sale of our non-core Alta Mesa project. The Alta Mesa sale was important, because it provided the Company with the funds needed to increase our uranium production and strategically diversify into the REE business. Keep in mind that while net income was less than Alta Mesa proceeds, this was by design, as we are investing heavily in growth to become a sustainably profitable, high-margin U.S. critical minerals company.”

 

Denison Mines Corp. (NYSE American: DNN) recently announced that it has completed an acquisition of fixed and mobile MaxPERF Tool Systems from Penetrators Canada Inc. (“Penetrators”). Significantly, Penetrators has also agreed to work exclusively with Denison with respect to the use of the MaxPERF Tool Systems for uranium mining applications, and related services, in Saskatchewan for a 10-year period.

 

David Cates, Denison’s President & CEO, commented, “We are pleased to enter into this exclusive arrangement with Penetrators and add the MaxPERF technology to Denison’s in-house ISR mining toolkit, which we believe will further enhance our existing and significant competitive advantage in deploying the low-cost In-Situ Recovery (‘ISR’) mining method to our high-grade uranium deposits in the Athabasca Basin.”

 

 

About FN Media Group:

 

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM expects to be compensated sixty five hundred dollars for news coverage of the current press releases issued by Stallion Uranium Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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A.I. Supercomputer Market Projected To Reach $3.3 Billion By 2028 with Significant Growth Expected

Palm Beach, FL – March 4, 2024 – FN Media Group News Commentary – The application of Artificial Intelligence (AI) supercomputers in numerous industries has witnessed significant growth in recent years. These powerful computing systems are being leveraged to address complex challenges, as they analyze massive datasets. Processors with faster and higher compute power provides the ability to AI supercomputers to handle larger and complex models and aids in reducing the time it takes to train and run AI models. AI supercomputers with high computational power processors are used for a wider range of applications. This includes applications that require large and complex AI models, such as drug discovery, climate change research, and financial modelling.  A report from MarketsAndMarkets said that the AI supercomputer market is projected to grow from USD $1.2 billion in 2023 and is expected to reach USD $3.3 billion by 2028, growing at a CAGR of 22.0% from 2023 to 2028.  The report said: “The Government segment in the AI supercomputer market for application is expected to hold the largest market size during the forecast period in the AI supercomputer market. AI supercomputers can be used to detect fraud in a variety of areas, such as tax evasion, insurance fraud, and welfare fraud.”  Active tech companies in the markets this week include: Avant Technologies, Inc. (OTCQB: AVAI), NVIDIA Corporation (NASDAQ: NVDA), Symbotic Inc. (NASDAQ: SYM), SoundHound AI, Inc. (NASDAQ: SOUN), C3 AI (NYSE: AI).

 

MarketsAndMarkets continued: “For example, the US Internal Revenue Service (IRS) is using AI supercomputers to detect tax evasion. Moreover, AI supercomputers are also being used to coordinate disaster relief efforts and provide assistance to victims of disasters. For example, the US Federal Emergency Management Agency (FEMA) is using AI supercomputers to coordinate disaster relief efforts during hurricanes and other natural disasters. In this sector, AI supercomputers are being used for various applications, including disaster management, oil exploration, space, and energy research, and enhancing healthcare facilities.  Commercial enterprises are increasingly utilizing AI supercomputers for various applications, leveraging their immense computational power and advanced algorithms to gain competitive advantages and drive innovation. AI supercomputers process vast datasets in real time, providing valuable insights into customer behavior, market trends, and operational efficiency. This data driven approach enhances decision-making processes for businesses.”

 

Avant Technologies, Inc. (OTCQB: AVAI) Announces Early Demand Accelerating for Avant Technologies’ Planned High-Density Compute Solutions Avant Technologies, Inc. (OTCQB: AVAI) (“Avant” or the “Company”), an artificial intelligence technology (AI) company specializing in creating and developing innovative and advanced AI infrastructure solutions, announced today that Avant is experiencing growing demand for its planned high-density compute infrastructure and distributed supercomputing solutions.

 

In September 2023, Avant announced plans to begin working on the design and production of a faster, more powerful, and more cost-effective compute infrastructure aimed at supporting AI, machine learning and other big data use cases. Last month Avant announced its partnership with the Florida-based technology development firm Wired4Tech to help support “last mile” development and testing of Avant’s new high-density private cloud infrastructure solution. On the heels of that recent announcement, the company shared today that it is seeing strong prelaunch momentum for its new high-density compute solution, which is expected to be available later this year.

 

Avant’s VP of Business Development, Jared Pelski, stated, “The team has been working hard on bringing new technology to market that will address critical issues and growing opportunities in the current data center infrastructure landscape. We’re starting to see that effort and innovation play out on the demand side as we continue to ramp up our pre-launch selling activities. Our qualified pipeline has almost doubled since December and new lead volume for February was up over 500%, month-over-month.”

 

The global cloud computing market size was valued at $545.8 billion in 2022, and it is projected to reach $1.24 trillion by 2027. Within that broader landscape, private cloud and AI are two of the fastest growing subsegments with rapidly increasing demand for better, more cost-effective, and scalable solutions. These early indicators of demand for Avant’s new high-density compute infrastructure are consistent with commercial growth numbers that have been reported from traditional data centers. A Q3 2023 report by TD Cowen, entitled, “A Tsunami of AI Demand Hits the Data Center Market,” highlighted annualized growth rates in the third-party data center market of more than 80%, and went on to cite a specific example of a large data center whose sales pipeline doubled in size over a 90-day period.  Continued… Read these full press releases and more news for Avant Technologies at:  https://www.financialnewsmedia.com/news-avai/          

 

Other recent developments in the markets of note include:

 

NVIDIA Corporation (NASDAQ: NVDA) and ServiceNow (NOW), and Hugging Face, and recently announced the release of StarCoder2, a family of open-access large language models (LLMs) for code generation that sets new standards for performance, transparency, and cost-effectiveness.

 

StarCoder2 was developed by the BigCode community, stewarded by ServiceNow, the leading digital workflow company making the world work better for everyone, and Hugging Face, the most-used open-source platform where the machine learning community collaborates on models, datasets and applications.

 

“StarCoder2 stands as a testament to the combined power of open scientific collaboration and responsible AI practices with an ethical data supply chain,” emphasized Harm de Vries, lead of ServiceNow’s StarCoder2 development team, and co-lead of BigCode. “The state-of-the-art open-access model improves on prior generative AI performance to increase developer productivity and provides developers equal access to the benefits of code generation AI, which in turn enables organizations of any size to more easily meet their full business potential.”

 

Symbotic Inc. (NASDAQ: SYM), a leader in A.I.-enabled robotics technology for the supply chain, recently announced financial results for its first fiscal quarter of 2024 ending December 30, 2023. Symbotic posted revenue of $369 million, a net loss of $13 million and adjusted EBITDA of $14 million for the first quarter of fiscal 2024. In the same quarter of fiscal 2023, Symbotic had revenue of $206 million, a net loss of $68 million and an adjusted EBITDA loss of $16 million. Cash, cash equivalents, restricted cash and marketable securities on hand increased by $129 million from the prior quarter to $677 million at the end of the first quarter.

 

“Fiscal year 2024 is off to a solid start with strong financial and operational results. I am pleased with the trajectory and goals we have planned for the rest of the year,” said Rick Cohen, Chairman and Chief Executive Officer of Symbotic. “We will continue to innovate and build deployment capacity to support growth and increased profitability for our stakeholders.”

 

SoundHound AI, Inc. (NASDAQ: SOUN), a global leader in voice artificial intelligence, recently reported its financial results for the fourth quarter and full year 2023.

 

“This was a breakthrough year in which SoundHound rapidly integrated powerful new generative AI capabilities. Our real-world voice AI applications are already live and driving consumer engagement across vehicles, devices, and customer service businesses,” said Keyvan Mohajer, CEO and Co-Founder of SoundHound AI. “We also acquired SYNQ3, establishing SoundHound as the largest voice AI provider for restaurants. Our pace and agility amid this AI revolution has put us ahead of the field when it comes to delivering real commercial value.”

 

“We finished the year strong by accelerating revenue and meaningfully increasing our penetration in the marketplace,” said Nitesh Sharan, CFO of SoundHound AI. “We have fortified our balance sheet and taken prudent measures to strengthen our bottom line to ensure we can continue to capitalize on the tremendous customer demand for our AI solutions.”

 

C3 AI (NYSE: AI), the Enterprise AI application software company, recently announced that Genentech, the medical biotechnology company, has selected C3 AI Reliability as the continued provider for AI-based predictive maintenance software on the company’s biologics manufacturing equipment.

 

The biotechnology company began using the AI application in 2021 to ensure centrifuges in the facility remained operational, with patients ultimately benefiting by receiving their medicines on time. Genentech uses this facility to manufacture biologics, a specific class of medicine that is extremely complex, time consuming, and resource intensive to develop and deliver to patients. These medicines help patients with some of the most difficult to treat diseases, from multiple sclerosis and macular degeneration to blood cancers such as lymphoma and leukemia.

 

“We’re proud to partner with Genentech, a company well-known for delivering breakthrough medical innovations for patients, and support its efforts with a robust AI program that allows what is an involved manufacturing process to operate efficiently and ensure patients get the care they need on time,” said C3 AI CEO Thomas M. Siebel.

 

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty nine hundred dollars for news coverage of the current press releases issued by Avant Technologies, Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE: FN Media Group

Demand Booming as Global Uranium Mining Market Expected To Reach $11.3 Billion By 2030

Palm Beach, FL – February 21, 2024 – FN Media Group News Commentary – According to a report from a RationalStat industry report, the Global Uranium Mining Market value was estimated at US$ 8,086.6 million in 2023 and is expected to rise at a strong CAGR of over 5.0% over the forecast period of 2023-2030. About 66% of the global production of uranium from mines is from Kazakhstan, Canada, and Australia. It also said that the global uranium mining market is expected to reach US$ 11,388.3 million by 2030, with an annual growth rate of more than 5.0%. The uranium mining market is estimated to be 53.0 thousand tons (kt) in 2023.  The report added: “Uranium mining is the extraction of uranium ore from the ground for use in nuclear power plants and the development of nuclear weapons. Uranium is a radioactive element that occurs naturally in trace amounts in soil, rock, and water. Uranium is primarily used as a fuel in nuclear reactors, where it undergoes nuclear fission to produce energy in the form of heat.  Based on the mining method, the open-pit mining segment is the most common method of uranium mining, accounting for over 90% of global uranium production in 2022. Open-pit mining is a relatively simple and inexpensive method of mining, and it is suitable for deposits that are close to the surface.”  Active mining companies in the markets this week include Stallion Uranium Corp. (TSX-V: STUD) (OTCQB: STLNF), FISSION URANIUM CORP. (OTCQX: FCUUF) (TSX: FCU), Denison Mines Corp (NYSE American: DNN) (TSX: DML), Uranium Energy Corp (NYSE American: UEC), BHP Group Limited (NYSE: BHP).

 

RationalStat continued: “Some leading players adopt various strategies in order to reinforce their market share and gain a competitive edge over other competitors in the market. Mergers & acquisitions, partnerships and collaborations, and product launches are some of the strategies followed by industry players.  Based on region, the Asia Pacific region is predicted to be the fastest-growing uranium mining market in the next years, owing to the region’s increased nuclear power generation.  Nuclear power is regarded as a clean energy source because it produces no greenhouse gases when in operation. Countries investing in nuclear energy to cut carbon emissions and battle climate change are boosting the uranium market.”

 

Stallion Uranium Corp. (TSX-V: STUD) (OTCQB: STLNF) Completes Largest Airborne Geophysical Survey in Southwestern Athabasca Basin – Survey Area Covered Over 2,200km2, Preliminary Results Reveal Over 560 km of New Conductive Trends – Stallion Uranium Corp. (FSE: HM40) is pleased to announce the preliminary results from the completion of the MobileMTTM airborne geophysical survey (the “Survey”). The Survey covered the entire 2,200 sq/km of the Atha Energy (CSE: SASK) JV Uranium Project (the “Project”), a new frontier of exploration in the prolific southwestern Athabasca Basin and part of the largest exploration land package held by Stallion.

 

Highlights

  • Over 560 km of new basement conductive trends have been outlined.
  • Successfully identified and extended the Patterson Lake Corridor, Carter Corridor, Derkson Corridor, R7 Corridor, Virgin River Conductive Trend and the Coyote Corridor across the project.
  • Large multi-kilometer conductive trends coincide with basement structures interpreted to be present in multiple locations across the project.
  • The latest in 2D and 3D inversion processing will be utilized to further identify sandstone and basement alteration zones associated with uranium mineralization in the basin.

 

“Stallion’s strategy to build out the largest exploration land package, taking on a new frontier of exploration in the southwestern Athabasca Basin, has been rewarded with the results of this regional survey,” stated Drew Zimmerman, CEO. “Utilizing the latest survey technology we have transformed an underexplored land package, uncovering hundreds of kilometers of conductive trends that are highly prospective target areas for uranium mineralization. Not only have we extended known prolific conductive corridors, but we have also been able to uncover completely new zones. We believe the process of identifying, prioritizing, and advancing the best targets from over 2,200sq/km gives our team the potential and probability of finding the next significant uranium discovery.”

 

Preliminary Results – The preliminary interpretation of the survey data has changed the landscape in a meaningful way, successfully identifying over 560 km of new conductive trends across the Atha Energy JV Project. This opens a new frontier of exploration in the southwestern Athabasca Basin, as the project area has never had effective exploration. With the completion of the survey, the company has been able to identify and extend new conductive corridors that were previously unknown. These new conductive corridors will be the cornerstone that the next phase of exploration is built on. The survey was able to identify structural complexities, including bends and splays, in the basement geology which suggest favorable conditions for uranium mineralization. These results, along with the advanced 2-D and 3-D inversion modeling, will be used to prioritize the newly identified conductor corridors for the next stages of exploration.

 

Darren Slugoski, VP of Exploration commented, “We are incredibly excited to see the quality and number of targets that were identified by the completion of the regional MobileMT survey. The 560 km of conductive corridors identified greatly exceeded our expectations. This survey provides Stallion with a significant number of high priority target areas the company can prioritize and advance towards the drilling.”  CONTINUED… Read these full press releases and more news for Stallion Uranium at:  https://stallionuranium.com/news/press-releases/     

 

Other recent developments in the mining industry of note include:

 

Orano Canada Inc. (“Orano Canada”) and Denison Mines Corp. (TSX: DML) (NYSE American: DNN), as joint-venture partners in the McClean Lake Joint Venture (“MLJV”), recently announced that the MLJV has approved a restart of uranium mining operations using the joint venture’s patented Surface Access Borehole Resource Extraction (“SABRE”) mining method. Orano Canada owns a 77.5% interest and is the operator of the MLJV and Denison owns a 22.5% interest.

 

Mining is planned to commence at the McClean North deposit in 2025, with 2024 activities expected to focus on preparations necessary to ready the existing SABRE mining site and equipment for continuous commercial operations, as well as the installation of eight pilot holes for the first mining cavities planned for excavation. The approved budget for this work in 2024 is $7 million (100% basis).

 

Approximately 800,000 lbs U3O8 (100% basis) are targeted for production from McClean North in 2025, with approximately 3,000,000 lbs U3O8 (100% basis) identified for potential additional production from a combination of the McClean North and Caribou deposits during the years 2026 to 2030.

 

Uranium Energy Corp (NYSE American: UEC) recently announced that the Company’s Board of Directors has approved restarting uranium production at its fully permitted, and past producing, Christensen Ranch In-Situ Recovery (“ISR”) operations in Wyoming. The recovered uranium will be processed at the fully operational Irigaray Central Processing Plant (“CPP”) with a current licensed capacity of 2.5 million pounds U3O8 per year. The Irigaray CPP is the hub central to four fully permitted ISR projects in the Powder River Basin of Wyoming, including Christensen Ranch.

 

The first production is expected during August of this year and will be funded with existing cash on the Company’s balance sheet. As UEC’s strategy has been to remain 100% unhedged, produced uranium will be sold at prevailing spot market prices which was $106 per pound U3O8 as of January 15, 2024 as reported by UxC.

 

In the coming months, the Company will provide additional information on the expected volumes for the first year of production. The key focus in the final pre-production phase before the August restart is hiring and training of additional operations personnel to augment UEC’s experienced operations team to ensure a successful ramp-up of uranium production. New personnel are anticipated to be hired from local communities such as Buffalo, Gillette, Casper, Kaycee and Wright.

 

BHP Group Limited (NYSE: BHP) has recently announced its second cohort of six companies, chosen from a pool of over 500 applicants, to join the BHP Xplor accelerator program. The accelerator program is designed to support early-stage mineral exploration companies in finding the critical resources needed to support the energy transition.

 

Each company will receive a grant of up to US$500,000 together with access to a network of internal and external industry experts to accelerate its growth and further build out its exploration concepts. The program aims to support development across technical, business and operational facets of the participating companies.

 

BHP Xplor pushes the boundaries of what has conventionally been achievable in the exploration field. Over the span of the six-month program, the six companies will work collaboratively with BHP Xplor to expedite the maturation of their geological concepts to position the projects for commercialisation or partnership.

 

FISSION URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) recently announced that it has closed its previously announced “bought deal” public offering consisting of 63,560,000 common shares of the Company (the “Common Shares”) at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the “Offering”).

 

Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the “Underwriters”).  The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.  The Offering was completed pursuant to a prospectus supplement to the Company’s base shelf prospectus dated December 11, 2023.

 

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty five hundred dollars for news coverage of the current press releases issued by Stallion Uranium Corp. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

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Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE: FN Media Group

Canada Rich in Uranium Resources Projected to Fuel Strong Growth for Mining Industry Over Next Five Years

Palm Beach, FL – February 13, 2024 – FN Media Group News Commentary – Companies in the Uranium and Metal Ore Mining industry in Canada mine molybdenum, platinum, palladium, uranium, cobalt, and a variety of metal bearing ores sold to various markets. Industry revenue is closely linked to the underlying prices of the commodities, which themselves are a function of global supply and demand conditions. The prices of these major commodities experience significant volatility. Overall industry revenue has climbed at a CAGR of 5.4% to an estimated $4.0 billion, while leading to growth in industry profit. Revenue reached about 3.5% in 2023 alone as a result of emerging downstream demand.  According to the World-Nuclear.org said: “Canada is a country rich in uranium resources and a long history of exploration, mining and generation of nuclear power… With known uranium resources of 694,000 tonnes of U3O8 (588,500 tU), as well as much continuing exploration, Canada has a significant role in meeting future world demand.  A report from IBISWorld said that the Uranium & Metal Ore Mining industry in Canada outlook (2024-2029)  is projected to increase over the next five years. It said that commodity price movement dictates the pace of industry growth. The industry in Canada will continue to be primarily driven by fluctuations in the prices of its underlying commodities. Declining prices for molybdenum and platinum will inhibit industry growth, but be partly offset by inclines/rises in the price of uranium.  Active mining companies in the markets this week include Hertz Energy Inc. (OTCQB: HZLIF) (CSE: HZ), Cameco (NYSE: CCJ) (TSX: CCO), FISSION URANIUM CORP. (OTCQX: FCUUF) (TSX: FCU), Uranium Energy Corp (NYSE American: UEC), NexGen Energy Ltd. (NYSE: NXE).

 

The report continued: “The industry’s largest products by revenue are uranium, platinum and molybdenum. The prices of industry goods have swung wildly, but has overall benefited the industry as the price of its three largest products have all risen to varying extents.  The prices of three of the most prominent industry products, molybdenum, platinum and uranium have all grown since 2018. Soaring commodity prices have enabled the industry to attain positive revenue and profit growth.  Industry revenue has grown at a CAGR of 5.4% over the past five years, reached an estimated $4.0 Billion in 2023…. And will continue to rise over the next 5 years.”

 

Hertz Energy Inc. (OTCQB: HZLIF) (CSE: HZ) ENTERS AGREEMENT TO ACQUIRE COMINCO URANIUM PROPERTY – Hertz Energy Inc. (the “Company”) (FSE: QE2) is pleased to announce that it has entered into a Property Purchase and Sale Agreement dated February 2, 2024 (the “Definitive Agreement”) with BullRun Capital Inc. (the “Vendor”) pursuant to which the Company has agreed to acquire the Cominco Uranium Project, located in Bathurst Inlet, Nunavut, Canada (the “Cominco Property”).

 

PURCHASE AGREEMENT – The Company has entered into the Definitive Agreement to acquire the Cominco Property. Pursuant to the terms and conditions of the Definitive Agreement and as consideration for the acquisition of a 100% undivided interest in the Cominco Property, the has agreed to:

(i)            pay the Vendor cash consideration of $75,000; and

(ii)           grant the Vendor a two percent (2%) net smelter returns royalty on the Cominco Property.

 

Mr. Kal Malhi, CEO of Hertz states, “Hertz was always founded and positioned to explore for mineral deposits that will power the future. We started with our Lucky Mica project and have added the AC/DC Lithium Project, while also obtaining options to acquire the Snake and Patriota Lithium Projects, since our listing in April 2023. Adding the Cominco Property fits extremely well with our energy metals offering and we aim to aggressively explore both the lithium and uranium mineral projects and continue to offer investors a well-diversified energy metals project portfolio.”

 

The Vendor is wholly-owned by Kal Malhi, a director and officer of the Company. Accordingly, the Company’s acquisition of the Cominco Property constitutes a “related party transaction” as defined in Multilateral Instrument 61-101 – Protection of Minority Securityholders in Special Transactions (“MI 61-101”). The Company is relying on the exemption from valuation requirement and minority approval pursuant to subsection 5.5(a) and 5.7(1)(a) of MI 61-101, respectively, for its acquisition of the Cominco Property, as the value of the consideration to be paid by the Company for the acquisition of the Cominco Property does not represent more than 25% of the Company’s market capitalization, as determined in accordance with MI 61-101.

 

COMINCO URANIUM PROPERTY – The Cominco Property is focused on two main uranium showings of interest, the Pomie and the Yon showings in Nunavut (see Figure 1 below). Additional showings of uranium, copper, gold, nickel, and lead are known in the area. The Pomie and Yon showings were both explored in the mid 1970s by Cominco and Noranda and no work using modern exploration technologies has taken place since.

 

Previous regional work in the area by the Geological Survey of Canada (GSC) identified mineral potential for uranium in the area (Roscoe, 1984), based on the presence of the above showings and favorable stratigraphy for the formation of Unconformity Related Uranium (URU) deposits, similar to the stratigraphy found in the Athabasca and Thelon basins.

 

The Cominco Property covers the Yon and Pomie “Advanced Exploration” stage showings and is comprised of four licensing spanning 5,046.25 hectares covering favorable geology.   CONTINUED Read these full press releases and more news for Hertz Energy at:   https://www.financialnewsmedia.com/news-hz/     

 

Other recent developments in the mining industry of note include:

 

Cameco (NYSE: CCJ) (TSX: CCO) recently reported its consolidated financial and operating results for the fourth quarter and year ended December 31, 2023, in accordance with International Financial Reporting Standards (IFRS).

 

“Our 2023 financial performance benefitted from higher sales volumes and realized prices in our uranium and fuel services segments. Our net earnings, adjusted net earnings, and cash from operations all more than doubled compared to 2022, with adjusted EBITDA up 93%. In 2024, we expect strong financial performance as we begin to realize the benefits from our investment in Westinghouse. We plan to continue to transition to our tier-one cost structure and make the capital and other expenditures we believe are necessary to position the company for continued sustainable growth. Growth that will be sought in the same manner as we approach all aspects of our business; strategic, deliberate, disciplined, and with a focus on generating full-cycle value,” said Tim Gitzel, Cameco’s president and CEO.

 

FISSION URANIUM CORP. (TSX: FCU) (OTCQX: FCUUF) recently announced that it has closed its previously announced “bought deal” public offering consisting of 63,560,000 common shares of the Company (the “Common Shares”) at a price of C$1.18 per Common Share for gross proceeds of C$75,000,800 (the “Offering”).

 

Canaccord Genuity Corp. and SCP Resources Finance LP acted as co-lead underwriters on behalf of a syndicate of underwriters including BMO Nesbitt Burns Inc., Haywood Securities Inc., Eight Capital, Red Cloud Securities Inc. and H.C. Wainwright & Co., LLC (collectively, the “Underwriters”).

 

The net proceeds from the Offering will be used by the Company to fund exploration and development of the PLS project, as well as for working capital and general corporate purposes.  The Offering was completed pursuant to a prospectus supplement to the Company’s base shelf prospectus dated December 11, 2023.

 

Uranium Energy Corp (NYSE American: UEC) recently reported drill results from its Roughrider Project located in Northern Saskatchewan, Canada. Both exploration and metallurgical sample drilling have been successful at intersecting uranium mineralization.

 

Chris Hamel, Vice President Exploration, Canada stated: “Roughrider is a world-class project with untapped potential for resource expansion and we’re pleased to confirm this with the discovery of high-grade mineralization between the East and West Zone deposits. The drilling program will continue through the winter and focus on exploration for additional uranium that is outside the existing mineralized zones.

 

Additionally, our metallurgical drilling has also confirmed the high-grade and vein-hosted nature of the Roughrider deposit with grades and thicknesses consistent with resource modelling and its structural setting. Our competitive advantage is the combination of the foundational work by Hathor and Rio Tinto with the UEC Canada Roughrider Team’s proven track record in brownfields resource expansion.”

 

NexGen Energy Ltd. (NYSE: NXE) recently announced the commencement of a 30,000-meter exploration drill program that will test priority targets on NexGen’s 100% owned properties that dominate the boundary of the proven high-grade uranium district of the southwest Athabasca Basin. The Company’s 2024 program builds on 2023 exploration results, which advanced the geological investigation of previously unexplored corridors and produced priority targets for this 2024 campaign.

 

NexGen’s 2023 exploration program applied high-resolution geophysical surveys across all properties, and 22,114.4 meters of drilling dedicated to SW 2 (Rook I) (Figure 1) and SW1 (Gambit, Gartner and King) (Figure 2). The results yielded a more comprehensive understanding of the geology in the highly prospective R7 and Morrow targets on the SW2 property; including brittle-reactivated structure and hydrothermal alteration indicative of high-grade uranium-bearing systems. Further, the 2023 program identified high prospectivity in the SW1 property (Gartner and Gambit corridors) where hydrothermal alteration associated with structure was discovered. In 2024, NexGen is increasing its exploration effort with a 30,000-meter drill program to follow up on these results and continue to systematically test the large and prospective land package NexGen holds. By refining targets through purpose-built geophysical coverage and drill testing priority areas, this exploration program is designed to strategically capitalize on the increasing global demand for clean, sustainably produced Canadian uranium.

 

About FN Media Group:

At FN Media Group, via our top-rated online news portal at www.financialnewsmedia.com, we are one of the very few select firms providing top tier one syndicated news distribution, targeted ticker tag press releases and stock market news coverage for today’s emerging companies.

 

Follow us on Facebook to receive the latest news updates: https://www.facebook.com/financialnewsmedia

Follow us on Twitter for real time Market News: https://twitter.com/FNMgroup

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DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM was compensated forty five hundred dollars for news coverage of the current press releases issued by Hertz Energy Inc. by a non-affiliated third party.  FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

 

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

 

Contact Information:

Media Contact email: editor@financialnewsmedia.com – +1(561)325-8757

 

SOURCE: FN Media Group

Global Search & Rescue Drone Market Estimated To Exceed 3.25 Billion By The End Of 2023

Palm Beach, FL – January 17, 2023 – FinancialNewsMedia.com News Commentary – Deployment of drones have increased in recent years for a variety of purposes. Drones offer unique capabilities used by emergency responders around the world. They can be used on land and at sea or at night or in low visibility. They are saving many lives by participating in various general emergency and security operations and their use in search and rescue operations has proven to be one of the most potentially life-saving applications. Equipped with sensors and powerful cameras, drones can cover a large area in a short time. Search and rescue drones can also be equipped with special equipment such as infrared cameras and speakers. This allows user to locate missing persons and save lives. Helicopters and manned aircraft cost hundreds of dollars an hour to operate during rescue operations. Drones, only require an initial investment and have a low maintenance cost. The drone takes off from a safe location and scans from a high altitude. This leads to the safety of the team the as they stay back on the ground and get an idea of the rescue operation.  A report from Fact.MR projected that the search and rescue drone market is estimated to reach valuation of US$ 3,254.4 Million in 2023 and will top US$ 11,648.1 Million by 2033, growing with a CAGR of around 13.6% from 2023-2033.  The report said: “Search and rescue drones are now becoming a popular product for responders conducting any type of emergency response. These drones are designed to provide aerial support to ground teams in searching for the locations of missing and injured people.  The team can rely on UAVs for search and rescue missions while other team members continue conventional search techniques or provide support elsewhere. Equipped with the right sensors and cameras, the drone can cover large areas quickly and efficiently, making it ideal for search missions.”  Active companies in the markets this week include: Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO), Deutsche Lufthansa AG (OTCQX: DLAKY), Joby Aviation, Inc. (NYSE: JOBY), The Boeing Company (NYSE: BA), Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS).

 

Fact.MR continued: “Drones can now fly farther and higher owing to developments in sensor technology, giving them a clearer view of hard-to-reach places. They will also have stronger cameras and other sensors, enabling them to gather more comprehensive data about possible victims and dangers.  Fact.MR anticipates that search and rescue teams will depend more and more on these adaptable and life-saving devices as drone technology advances. Manufacturers will also shift towards these innovations for generating higher profits… (Drones are) a safe, efficient, and cost-effective product to drive market growth for search and rescue drone.”

 

Draganfly Inc. (NASDAQ: DPRO) (CSE: DPRO) BREAKING NEWS:  Draganfly Selected by Lufthansa Industry Solutions to Strengthen Marine Search and Rescue InfrastructureDraganfly Inc. (FSE: 3U8) (“Draganfly” or the “Company”), an award-winning, industry-leading drone solutions and systems developer, is pleased to announce that Lufthansa Industry Solutions, an IT service provider and a subsidiary of Lufthansa Group has entered into a letter of intent with Draganfly to explore providing its drone solutions and Vital Intelligence (VI) technology for use into its existing infrastructure and customer solutions.

 

Draganfly’s technology will assist in Lufthansa Industry Solutions’ objective of providing the maritime industry with the highest information technology and performance monitoring standard. Draganfly’s drone solutions will be integrated for deployment during marine search and rescue operations and for reconnaissance purposes, adding another layer of safety and security for crew members and passengers.

 

Draganfly’s search and rescue drone can be utilized when a passenger aboard a vessel falls into the ocean. These specialized drones are high-endurance, multirotor UAVs capable of utilizing Draganfly’s optical and infrared imaging solutions during an active emergency. The company’s drone can be used to thoroughly map certain areas, locate survivors, and begin measuring core vitals.

 

The reconnaissance drones provided by Draganfly can carry out inspections of cargo and potential hazards on the water. This UAV is a high-endurance, drone that utilizes optical and imaging solutions.   These drones can even function in hazardous areas.

 

Lufthansa Industry Solutions plans to integrate Draganfly’s Vital Intelligence technology into its Artificial Intelligence as a Service (AIaaS) platform, a package that offers a quick and easy solution for businesses trying to achieve digital transformation. Draganfly’s Vital Intelligence (VI) is software that uses video feed from simple RGB cameras to measure biometric data and share human experience and health insights.

 

“We are thrilled to partner with Lufthansa Industry Solutions and provide our versatile AI technology for use in their current infrastructure,” said Cameron Chell, President and CEO of Draganfly. “This partnership reflects the growing demand for our drone, AI and data solutions with Tier 1 customers.”  CONTINUED Read this full press release and more news for Draganfly at:  https://www.financialnewsmedia.com/news-dpro/    

 

Other recent developments in the markets of note include

 

Deutsche Lufthansa AG (OTCQX: DLAKY) recently announced an upbeat forecast for air travel, saying it expected demand to remain strong.  Consumer demand for travel in Europe is holding up despite record-high euro zone inflation, with travelers willing to pay higher fares, according to recent statements by airlines including Ryanair and easyJet.  Lufthansa said on Thursday that the continued high premium demand from leisure travelers was especially remarkable, with load factors in Business and First Class exceeding pre-pandemic levels. Its yields, a metric of profitability, jumped by 23% in the third quarter versus 2019, reaching a new record high.

 

“With this sort of commentary even at the end of October, by when the airline should have significant visibility into November (one of the softest months in a typical year), we could be looking at an industry confounding fears of a macro-driven slowdown even as Europeans turn the heating on,” Bernstein analyst Alex Irving said.

 

Joby Aviation, Inc. (NYSE: JOBY) recently announced the completion of its second of four System Reviews required by the Federal Aviation Administration (“FAA”) as part of the Company’s aircraft type certification program.

 

The successful completion of the in-person, multi-day audit by the FAA last week at Joby’s facilities in Marina, California, demonstrates the Company’s continued leadership on the path to certifying its revolutionary electric vertical take-off and landing (eVTOL) aircraft.

 

The series of System Reviews serve to validate the overall architecture of the aircraft and ensure the Company’s development process is on track to satisfy the FAA’s safety objectives associated with complex aircraft systems. The System Reviews take place alongside the ongoing submission of Means of Compliance, area-specific certification plans, and other certification documents that cover specific elements of the Joby aircraft and its systems.

 

The Boeing Company [NYSE: BA] recently reported 774 commercial orders last year after cancellations and conversions, including 561 orders for the 737 family and 213 orders for the company’s market-leading twin-aisle airplanes. Boeing delivered 69 commercial jets in December, including 53 737 MAX, bringing total deliveries for 2022 to 480 airplanes.

 

“We worked hard in 2022 to stabilize 737 production, resume 787 deliveries, launch the 777-8 Freighter and, most importantly, meet our customer commitments,” said Boeing Commercial Airplanes President and CEO Stan Deal. “As the airline industry expands its recovery, we are seeing strong demand across our product family, particularly the highly efficient 737 MAX and the 787 Dreamliner. We will stay focused on driving stability within our operations and the supply chain as we work to deliver for our customers in 2023 and beyond.”

 

Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, recently announced that its Defense & Rocket Systems business supported the successful intercept test of a medium-range ballistic missile (MRBM) target by a Standard Missile 3 (SM-3) Block IIA fired from the JS Maya (DDG 179), marking the first time that a Japanese Maya-class destroyer has fired an SM-3 Block IIA. The intercept was the highlight of the Japan Flight Test Aegis Weapon System-07 (JFTM-07) event which featured four Kratos subscale ballistic missile targets that was conducted by the Japan Maritime Self-Defense Force (JMSDF) and the United States Missile Defense Agency (MDA) over a span of two weeks from the Pacific Missile Range Facility (PMRF) in Hawaii. During the event, the Kratos team also supported a live-fire event featuring the engagement of a short-range ballistic missile (SRBM) target by the JS Haguro (DDG 180). Altogether, Kratos along with Government and industry partners, integrated and launched three MRBM targets and one SRBM target in support of these mission critical national security related exercises.

 

The three-stage MRBM targets feature a “payload” mounted atop Kratos’ proven Oriole rocket motor and two government surplus Terrier Mk-70 rocket motors, while the two-stage SRBM target uses a Kratos Oriole and one Terrier Mk-70, to deliver the respective payloads to specific mission requirements. All four target vehicles, which have an incredibly successful, flight-demonstrated heritage on test and intercept missions for the US Navy and the MDA, executed nominal trajectories while meeting target requirements.

 

DISCLAIMER:  FN Media Group LLC (FNM), which owns and operates FinancialNewsMedia.com and MarketNewsUpdates.com, is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels.  FNM is NOT affiliated in any manner with any company mentioned herein.  FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities.  The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material.  All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks.  All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release.  FNM is not liable for any investment decisions by its readers or subscribers.  Investors are cautioned that they may lose all or a portion of their investment when investing in stocks.  For current services performed FNM expects to be compensated forty six hundred dollars for news coverage of the current press releases issued by Draganfly Inc. by a non-affiliated third party.

 

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SOURCE Financialnewsmedia.com

ShiftPixy Announces Quelliv Incubation Launch

Miami, FL – October 4, 2022 – ShiftPixy, Inc. (NASDAQ: PIXY) (“ShiftPixy” or “the Company”), a Florida-based national staffing enterprise which designs, manages, and sells access to a disruptive, revolutionary platform that facilitates employment in the rapidly growing Gig Economy, today announced the successful incubation launch of Quelliv Inc. low level laser centers which provide an effective, non-invasive therapeutic alternative to ease pain, reduce inflammation, enhance skin health, and activate personal well-being. Quelliv laser centers are powered by industry leader Genesis One Lasers to ensure effective sessions with long-lasting results.

 

“After getting to know the science that powers Quelliv, we were very motivated to help incubate and position Quelliv for a very exciting growth journey,” said ShiftPixy Co-Founder and Chief Executive Officer, Scott Absher. “The incubation process for Quelliv is central to what ShiftPixy Labs does, from taking an initial idea through to funding and mass commercialization. Quelliv is another example of our active engagement process and quest to build large national clients for the unique ShiftPixy platform.”

 

Quelliv CEO Mike Keyes said, “I have spent a lot of time over the past two years with the ShiftPixy Labs team since the formation of the company, building our business plan, fleshing out our brand, digging through the research and identifying our targeted national locations. The ShiftPixy Labs development team has purpose-built our mobile customer experience to better connect us with our customers and elevate their engagement with the Quelliv brand and experience.”

 

Quelliv plans to craft a national footprint of 500 centers within twenty-four months of launch, and its first phase of laser centers are already available in Florida at the following locations:

 

West Palm Beach – 1411 N. Flagler Drive, Ste. 4700, West Palm Beach, FL 33401

Naples – 851 5th Ave. North, Ste. 301, Naples, FL 34102

St. Petersburg – 150 2nd Ave. N, Ste 425, St Petersburg, FL 33701

 

Upcoming Locations:

 

Aventura – 18999 Biscayne Blvd, Suite 205, Aventura, FL 33180

Sarasota – 6524 University Parkway, Sarasota, FL 34240

 

Upcoming Markets:

 

Nashville; Charlotte; Atlanta; Raleigh Durham; Oklahoma City; Dallas; Austin; Newport Beach

To learn more about Quelliv please visit www.quelliv.com

 

About Quelliv

 

Quelliv was designed to introduce a proprietary, high value and high efficacy photobiomodulation technology trained to address a number of biological applications in the wellness market’s highest demand subsectors. Quelliv’s trained laser technology is uniquely applied to anti-aging, weight management, pain management and scalp rejuvenation.  The Company has launched its initial four south Florida locations with two additional locations coming online in Q4 2022. The Company plans to launch a national rollout to major metro markets in Q1 of 2023 with a goal of 500 company owned locations throughout the US longer term.

 

The company sells its Genesis One photobiomodulation equipment to professional and collegiate sports teams for rapid athlete recovery.

 

About ShiftPixy

 

ShiftPixy is a disruptive human capital services enterprise, revolutionizing employment in the Gig Economy by delivering a next-gen platform for workforce management that helps businesses with shift-based employees navigate regulatory mandates, minimize administrative burdens and better connect with a ready-for-hire workforce. With expertise rooted in management’s more than 25 years of workers’ compensation and compliance programs experience, ShiftPixy adds a needed layer for addressing compliance and continued demands for equitable employment practices in the growing Gig Economy.

 

Forward-Looking Statements

 

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements. These forward-looking statements include, among other things, statements regarding the anticipated use of proceeds from the private placement, the anticipated closing date of the private placement and the anticipated filing and effectiveness date for a registration statement related to the resale of the common shares and common shares underlying warrants from the private placement.  Although such forward-looking statements are based upon what management of the Company believes are reasonable assumptions, there can be no assurance that forward-looking statements will prove to be accurate. If any of the risks or uncertainties, including those set forth below, materialize or if any of the assumptions proves incorrect, the results of the Company, could differ materially from the results expressed or implied by the forward-looking statements we make. The risks and uncertainties include, but are not limited to, risks associated with the nature of the Company’s business model; the Company’s ability to execute its vision and growth strategy; the Company’s ability to attract and retain clients; the Company’s ability to assess and manage risks; changes in the law that affect the Company’s business and its ability to respond to such changes and incorporate them into its business model, as necessary; the Company’s ability to insure against and otherwise effectively manage risks that affect its business; competition; reliance on third-party systems and software; the Company’s ability to protect and maintain its intellectual property; and general developments in the economy and financial markets. These and other risks are discussed in the Company’s filings with the SEC, including, without limitation, its Annual Report on Form 10-K, and its periodic and current reports on Form 10-Q and Form 8-K. The Company undertakes no obligation to update forward-looking statements if circumstances or management’s estimates or opinions should change, except as required by applicable securities laws. The information in this press release shall not be deemed to be “filed” for the purpose of Section 18 of the Securities Exchange Act of 1934, as amended, or otherwise subject to the liabilities of that section, and will not be deemed an admission as to the materiality of any information that is required to be disclosed solely by Regulation FD. Further information on these and other factors that could affect the financial results of the Company, is included in the filings we make with the SEC from time to time. These documents are available on the “SEC Filings” subsection of the “Investor Information” section of the Company’s website at https://ir.shiftpixy.com/financial-information/sec-filings, or directly from the SEC’s website at https://www.sec.gov. Consistent with the SEC’s April 2013 guidance on using social media outlets like Facebook and Twitter to make corporate disclosures and announce key information in compliance with Regulation FD, the Company is alerting investors and other members of the general public that the Company will provide updates on operations and progress required to be disclosed under Regulation FD through its social media on Facebook, Twitter, LinkedIn and YouTube. Investors, potential investors, shareholders and individuals interested in the Company are encouraged to keep informed by following us on Facebook, Twitter, LinkedIn and YouTube.

 

INVESTOR CONTACT:

InvestorRelations@shiftpixy.com

800.475.3655

 

Source:  ShiftPixy, Inc.

PANGEA ANNOUNCES PRODUCT LISTING INTO URBAN FARE, WESTERN CANADA’S GOURMET SUPERMARKET CHAIN

Vancouver, British Columbia, September 22, 2022 – Pangea Natural Foods Inc. (CSE: PNGA) (“Pangea” or the “Company”), a natural food company, is pleased to announce the listing of its Old Fashioned Ghee in all Urban Fare stores located across multiple upscale districts in British Columbia and Alberta.

 

Urban Fare is a subsidiary of the Pattison Food Group, which is Canada’s largest Western-based provider of food and health products. Headquartered in British Columbia, Canada, Pattison Food Group’s legacy spans a business going back 107 years, and now employs more than 30,000 team members. Currently with 6 locations across Vancouver, Calgary, and Kelowna, Urban Fare is primarily upmarket, with a focus on high-end, gourmet, organic and imported foods.

 

Effective immediately, Pangea’s Old Fashioned Ghee is now listed in all six Urban Fare locations in British Columbia and Alberta. The Company’s Old Fashioned Ghee is a grass-fed, organic, clarified butter sourced from New Zealand.

 

Pangea’s CEO, Pratap Sandhu, commented on the Company’s new distribution with Urban Fare, “This is officially our second listing with the Pattison Food Group, as we already sell our products in Save-On-Foods locations. Now having been added to the shelves in all Urban Fare locations, we see this is another vote of confidence testifying the elite quality of our Old Fashioned Ghee product. We look forward to introducing our products to Urban Fare’s customers, who are known for their discerning tastes and their focus on delicious, nutritious and sustainable eating.”

 

Ghee is a clarified and unsalted form of butter that is caramelized and transformed into pure fat at a high smoking point, with the milk solids removed, meaning even the lactose-intolerant to enjoy the remaining pure ghee.

 

The Global Ghee Market reached a value of US$45.7 billion in 2021, and is expected to reach US$68.9 billion by 2027, growing at a CAGR of 7.18%.1

 

All of the Company’s products are manufactured in the Vancouver lower mainland at an in-house facility approved by both the Canadian Food Inspection Agency and the U.S. Food and Drug Administration. To provide a convenient experience for its customers, the Company offers its products for purchase via e-commerce platforms and traditional retail outlets.

 

About Pangea Natural Foods Inc.

 

Pangea Natural Foods Inc. is a food manufacturing company focused on manufacturing and distributing high quality food products across North America.

 

On Behalf of the Board of Directors

 

(signed) “Pratap Sandhu”

Pratap Sandhu

CEO, Corporate Secretary and Director

 

For further information, please visit the Company’s website at www.pangeafood.com or contact:

 

Pangea Natural Foods Inc.

Pratap Sandhu, Chief Executive Officer

Telephone:         +1 (604) 765-8069

Email:                   pratap@pangeafood.com

 

1 https://www.imarcgroup.com/ghee-market#:~:text=The%20global%20ghee%20market%20reached,7.18%25%20during%202022%2D2027.

 

Forward-Looking Information

 

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the Company’s plans to expand distribution of its products throughout North America and expectations regarding the Company’s growth. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends,” “anticipates,” “it is expected,” or variations of such words and phrases, or statements that certain actions, events or results “may,” “could,” “should,” or “would” occur.

 

Forward-looking statements are based on certain material assumptions and analyses made by management of the Company and the opinions and estimates of management of the Company as of the date of this news release, including that the Company will be able to widen the distribution of its products in North America and that the Company’s business will grow.  Although the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements.  Such risk factors may include, among others, that the Company will not be able to expand its distribution network, and the other risks and uncertainties applicable to the Company and the business of the Company as set forth in the Company’s final long form prospectus dated June 20, 2022 and its other disclosure available under the Company’s profile at www.sedar.com.

 

There can be no assurance that the transactions contemplated in this news release will complete. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations. We seek safe harbor.

 

SOURCE:

Pangea Natural Foods Inc.

Pangea’s Munchie Mix is a superfood rich snack made with dried cranberries, yogurt chips, roasted cashews, almonds and pumpkin seeds. (CNW Group/Pangea Natural Foods Inc.)

VANCOUVER, BC Sept. 7, 2022 /CNW/ – Pangea Natural Foods Inc. (CSE: PNGA) (” Pangea ” or the ” Company “), a natural food company, is pleased to announce the launch of Pangea Munchie Mix, a high-protein snack mix which will be available on Air Canada’s network of flights.

 

Pangea’s Munchie Mix is a superfood rich snack made with dried cranberries, yogurt chips, roasted cashews, almonds and pumpkin seeds. (CNW Group/Pangea Natural Foods Inc.)

The Company’s Munchie Mix is a superfood rich snack made with dried cranberries, yogurt chips, roasted cashews, almonds and pumpkin seeds. The Company manufactures the Munchie Mix, along with its Plant-Based Patties and Old Fashioned Ghee, in-house at its Vancouver Lower Mainland facility. The Company’s facility has been approved by both the Canadian Food Inspection Agency and the U.S. Food and Drug Administration.

 

“The introduction of Munchie Mix into Pangea’s product line is yet another opportunity for us to bring high-quality products to the market. All ingredients are free of GMOs and packed with antioxidants, magnesium, manganese, zinc and vitamin E,” says Pangea’s CEO, Pratap Sandhu , “Every step we take to make healthy and nutritious products more accessible for consumers is a step in the right direction and something we constantly strive for at Pangea.”

 

Pangea’s Munchie Mix will initially be available on Air Canada’s (TSX: AC) fleet of airplanes. Air Canada is Canada’s largest domestic and international airline with a fleet of over 330 aircrafts and serving more than 160 destinations. Together with Air Canada Rouge and Air Canada Express partners, Air Canada provides scheduled passenger service directly to 51 Canadian airports, 46 destinations in the United States and 67 airports in Europe , the Middle East Asia , and Africa .

 

Sandhu commented on the Company’s new distribution with Air Canada saying, “We are thrilled to introduce the Munchie Mix to Air Canada’s large network of routes, thus expanding our distribution beyond just an e-commerce and retail footprint.”

 

To date, the Company offers its other products, the Pangea Plant-Based Patties and Old Fashioned Ghee, via its online website and through over 250 retail outlets across Canada and the United States .

 

About Pangea Natural Foods Inc.

Pangea Natural Foods Inc. is a food manufacturing company focused on manufacturing and distributing high quality food products that are nutritious and free of GMO ingredients, fillers, antibiotics, hormones, and bioengineered ingredients.

 

On Behalf of the Board of Directors

 

(signed) “Pratap Sandhu”
Pratap Sandhu
CEO, Corporate Secretary and Director

 

Forward-Looking Information

This news release includes certain statements and information that constitute forward-looking information within the meaning of applicable Canadian securities laws, including statements regarding the Company’s plans to expand distribution of its products throughout North America and expectations regarding the Company’s growth. Generally, forward-looking statements and information can be identified by the use of forward-looking terminology such as “intends,” “anticipates,” “it is expected,” or variations of such words and phrases, or statements that certain actions, events or results “may,” “could,” “should,” or “would” occur.

 

Forward-looking statements are based on certain material assumptions and analyses made by management of the Company and the opinions and estimates of management of the Company as of the date of this news release, including that the Company will be able to widen the distribution of its products in North America and that the Company’s business will grow.  Although the Company considers these assumptions to be reasonable based on information currently available to them, they may prove to be incorrect, and the forward-looking statements in this release are subject to numerous risks, uncertainties and other factors that may cause future results to differ materially from those expressed or implied in such forward-looking statements.  Such risk factors may include, among others, that the Company will not be able to expand its distribution network, and the other risks and uncertainties applicable to the Company and the business of the Company as set forth in the Company’s final long form prospectus dated June 20, 2022 and its other disclosure available under the Company’s profile at www.sedar.com .

 

There can be no assurance that the transactions contemplated in this news release will complete. Although management of the Company has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking statements or forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. Readers are cautioned that reliance on such information may not be appropriate for other purposes. The Company does not intend, and does not assume any obligation, to update these forward-looking statements or information to reflect changes in assumptions or changes in circumstances or any other events affections such statements and information other than as required by applicable laws, rules and regulations. We seek safe harbor.

SOURCE Pangea Natural Foods Inc.

NetCents Technology Completes ExaDigm, Inc. N5 Smart Terminal Integration

VANCOUVER, B.C., February 6, 2019 – NetCents Technology Inc. (“NetCents” or the “Company”) (CSE: NC/ Frankfurt: 26N), is pleased to announce that the integration into the ExaDigm, Inc. (ExaDigm) N5 smart terminal has been completed.

 

“The NetCents integration into our N5 terminal represents another way we provide our customers and their customers the latest and greatest in payment options,” Patricia Love, Vice President of ExaDigm, Inc., says. “Making it easier to spend cryptocurrency for day-to-day purchases is a big leap for all of us.”

 

ExaDigm is a leader in Point-of-Sale (POS) terminal solutions. ExaDigm has developed a range of point-of-sale terminals, such as mobile payment terminals, countertop payment terminals, mobile point-of-sale solutions, smart PIN pads, and compact mobile payment terminals. ExaDigm services retail, foodservice, transportation, events and venues, as well as home services industries worldwide.

 

The N5 POS terminal allows for multiple payment types including NFC, EMV, pin-based transactions, and signature capture. Now, with the integration of the NetCents cryptocurrency merchant gateway, cryptocurrency. The terminal is certified for TYSYS and can process as a stand-alone solution or semi-integrated with a POS solution.

 

“The successful integration of the NetCents platform into ExaDigm N5 POS terminal is milestone for both NetCents and the acceptance of cryptocurrency as a daily transactional currency,” stated Clayton Moore, CEO of NetCents. “Through this integration we have now made it easier for merchants to accept and cryptocurrency holders to spend their cryptocurrency in brick and mortar locations.”

 

ExaDigm’s hardware is also integrated within the SoftPoint software through their All-in-One payment integrated terminal. With the addition of the NetCents cryptocurrency merchant gateway into both ExaDigm and SoftPoint, the strategic relationships provide merchants a seamless method to accept cryptocurrency payments in the card present environment.

 

About ExaDigm, Inc.

ExaDigm offers a one-stop payment solution for hardware and wireless needs. ExaDigm provides affordable and customizable payments solutions and wireless communication services that enable businesses worldwide to perform payment transactions confidently, securely, and efficiently. This effort includes purpose-built terminals that meet EMV requirements, provide integrated solutions, and offer dedicated personalized support. As a leading provider of wireless data solutions, ExaDigm Wireless meets the needs of businesses requiring end-to-end device-managed connectivity, offering stand-alone retail and wholesale solutions, failover solutions, as well as a wireless value bundle. For more information, visit http://www.exadigm.com.

 

About NetCents

NetCents is a next-generation online payment processing platform, offering consumers and merchants online services for managing electronic payments. The Company is focused on capturing the migration from cash to digital currency by utilizing innovative Blockchain Technology to provide payment solutions that are simple to use, secure and worry free. NetCents works with its financial partners, mobile operators, exchanges, etc., to streamline the user experience of transacting online. NetCents Technology is integrated into the Automated Clearing House (“ACH”) and is registered as a Money Services Business (MSB) with FINTRAC, which ensures our consumer’s security and privacy. NetCents is available for deposits from 194 Countries around the World, providing you with the freedom to choose to Pay. Your Way. ™

 

For more information, please visit the corporate website at www.net-cents.com or contact Gordon Jessop, President / COO at: gord.jessop@net-cents.com.

 

On Behalf of the Board of Directors

NetCents Technology Inc.

 

“Clayton Moore”

Clayton Moore, CEO, Founder and Director

 

NetCents Technology Inc.

Suite 880, 505 Burrard St (Bentall 1),

Vancouver, BC, V7X 1M4

 

Cautionary Note Regarding Forward Looking Information

This release includes certain statements that may be deemed “forward-looking statements”. All statements in this release, other than statements of historical facts, that address events or developments that the Company expects to occur, are forward-looking statements. Forward-looking statements are statements that are not historical facts and are generally, but not always, identified by the words “expects”, “plans”, “anticipates”, “believes”, “intends”, “estimates”, “projects”, “potential” and similar expressions, or that events or conditions “will”, “would”, “may”, “could” or “should” occur. Although the Company believes the expectations expressed in such forward-looking statements are based on reasonable assumptions, such statements are not guarantees of future performance and actual results may differ materially from those in the forward-looking statements. Factors that could cause the actual results to differ materially from those in forward-looking statements include regulatory actions, market prices, and continued availability of capital and financing, and general economic, market or business conditions. Investors are cautioned that any such statements are not guarantees of future performance and actual results or developments may differ materially from those projected in the forward-looking statements. Forward-looking statements are based on the beliefs, estimates and opinions of the Company’s management on the date the statements are made. Except as required by applicable securities laws, the Company undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates or opinions, or other factors, should change.

 

The CSE has not reviewed, approved or disapproved the content of this press release

 

Source:  NetCents Technology Inc.

Former New Technology Education Manager to Assist with First Installations

Santa Monica, CA, Dec. 19, 2018 — BioSig Technologies, Inc. (NASDAQ: BSGM), a medical device company developing a proprietary biomedical signal processing platform designed to address an unmet technology need for the $4.6 billion electrophysiology (EP) marketplace, today announced that the Company has appointed Mrs. MaryAnn Edzards as Senior Director – Account Manager.Mrs. Edzards brings to the Company over 10 years of experience in electrophysiology (EP), including six years at Biosense Webster, a Johnson & Johnson company. Most recently, she served as New Technology Education Manager, a role, in which she was responsible for all internal and external marketing and training programs for two global product launches. Mrs. Edzards facilitated training of over 300 field and in-house employees and delivered impactful training modules for complex technologies through virtual and live classroom environments. She brings to BioSig extensive experience in converting Voice of Customer feedback into commercially valuable solutions. Mrs. Edzards is a holder of numerous Johnson & Johnson awards, including 2016 Standards of Leadership Award and 2017 Gold Encore Award from Commercial Marketing.

 

“A high-performing and motivated professional like MaryAnn is an invaluable addition to our commercial team. Her expertise in delivering highly impactful education and training of both in-house professionals and physicians will tremendously benefit our efforts during the vital First-in-Human patient data collection phase and subsequent market launch in 2019,” stated Mr. Kenneth Londoner, Chairman & CEO of BioSig Technologies, Inc.

 

The Company announced that it received the 510(k) clearance for its PURE EP™ System on August 14, 2018. BioSig announced on November 28, 2018 that it begins installations of the first systems at Texas Cardiac Arrhythmia Institute in Austin, Texas, followed by another announcement on December 6, 2018 about enrolling Mayo Clinic as the second center for the First-in-Human studies. BioSig signed a 10-year collaboration agreement with Mayo Clinic in March 2017 and announced a new research agreement focusing on development of additional advanced features and potential new applications of PURE EP™ System on November 13, 2018.

 

“I’m excited to join the BioSig team as the Company commences first installations of PURE EP™ System in some of the leading medical centers of excellence. There is a pressing need for better technological solutions in the space of arrhythmia treatments, and I look forward to contributing my knowledge and expertise to help the Company bring its novel platform onto the market,” commented Mrs. Edzards.

 

About BioSig Technologies
BioSig Technologies is a medical technology company developing a proprietary biomedical signal processing platform designed to improve the electrophysiology (EP) marketplace (www.biosigtech.com). Led by a proven management team and a veteran, independent Board of Directors, Los Angeles-based BioSig Technologies is preparing to commercialize its PURE EP™ System. The technology has been developed to address an unmet need in a large and growing market.

 

The Company’s first product, PURE EP™ System, is a novel cardiac signal acquisition and display system which is engineered to assist electrophysiologists in clinical decision-making during procedures to diagnose and treat patients with abnormal heart rates and rhythms. BioSig’s main goal is to deliver technology to improve upon catheter ablation treatments for the prevalent and potentially deadly arrhythmias, Atrial Fibrillation and Ventricular Tachycardia. BioSig has partnered with Minnetronix on technology development and has received FDA 510(k) clearance for the PURE EP™ System in August 2018.

 

Forward-looking Statements
This press release contains “forward-looking statements.” Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or similar words. Forward-looking statements are not guarantees of future performance, are based on certain assumptions and are subject to various known and unknown risks and uncertainties, many of which are beyond the Company’s control, and cannot be predicted or quantified and consequently, actual results may differ materially from those expressed or implied by such forward-looking statements. Such risks and uncertainties include, without limitation, risks and uncertainties associated with (i) our inability to manufacture our products and product candidates on a commercial scale on our own, or in collaboration with third parties; (ii) difficulties in obtaining financing on commercially reasonable terms; (iii) changes in the size and nature of our competition; (iv) loss of one or more key executives or scientists; and (v) difficulties in securing regulatory approval to market our products and product candidates. More detailed information about the Company and the risk factors that may affect the realization of forward-looking statements is set forth in the Company’s filings with the Securities and Exchange Commission (SEC), including the Company’s Annual Report on Form 10-K and its Quarterly Reports on Form 10-Q. Investors and security holders are urged to read these documents free of charge on the SEC’s website at http://www.sec.gov. The Company assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

 

Contact:
Natasha Drapeau
BioSig Technologies, Inc.
Executive Vice President
12600 Hill Country Blvd R-275
Austin, TX 78738
ndrapeau@biosigtech.com
512-329-2643

Source: BioSig Technologies, Inc.

Vanadium Becoming Essential for Accelerating Global Energy Transformation as well as Strengthened Steel Rebar

Palm Beach, FL – (December 13, 2018) – Vanadium has made a huge comeback in 2018. Vanadium’s price rise in 2018 has been nothing short of spectacular rising dramatically from USD $20/lb to above USD $33/lb in October 2018.  Prices in China have more than tripled over the course of 2018 as a result of Chinese construction laws requiring vanadium to be used in steel rebar.  Vanadium and Energy storage is also a very important disruptive trend resulting in a growing demand for vanadium redox flow batteries which involves storing energy that can later be harnessed for electricity to power our homes, our cars – our future. The International Renewable Energy Agency (IRENA) states Batteries for energy storage could reach 250GW by 2030 as demand for Energy Efficient Batteries is generating new levels of growth.  Active mining companies in the markets this week include Delrey Metals Corp.  (CSE:DLRY) (FSE:1OZ), Albemarle Corporation (NYSE:ALB), Largo Resources Ltd. (TSX:LGO) (OTC:LGORF), Katanga Mining Limited (TSX:KAT) (OTC:KATFF), First Vanadium Corp. (TSX-V:FVAN) (OTC:FVANF).

 

Delrey Metals Corp.  (CNX:DLRY) (FSE:1OZ)  BREAKING NEWSDelrey Metals Corp is pleased to announce it has entered into and closed a share purchase agreement dated December 12, 2018 (the “Share Purchase Agreement”) with WEM Western Energy Metals Ltd., a private arm’s length corporation (“WEM”), to acquire all the issued and outstanding share capital of WEM.  Pursuant to the terms of the Share Purchase Agreement, the Company issued 4,250,000 common shares of the Company (each, a “Share”). All securities issued pursuant to the Share Purchase Agreement will be subject to a four month statutory hold period.

 

WEM owns a 100 percent undivided, unencumbered legal and beneficial interest in both the Peneece and the Blackie Vanadium properties (the “Properties”), located in British Columbia. The Properties cover a total area of 2,714 hectares and host vanadium mineralization within large bodies of titaniferous magnetite. Both properties are strategically located on tidewater, near to the small coastal cities of Port Hardy (Peneece – 68km) and Prince Rupert (Blackie – 96km).

 

About the Peneece and Blackie Vanadium Projects:

The Properties are comprised of large-scale ultramafic complexes which are intruded by gabbroic bodies hosting iron-titanium-vanadium (Fe-Ti-V) mineralization within massive titaniferous magnetite. Two of the gabbro bodies mapped on surface display lateral extents of 4.8km x 0.8km (Peneece) and 1.2km x 0.4km (Blackie).

 

Highlights:

 

  • Historic samples collected from the gabbro on the Blackie assay up to 2.14% V205.1
  • The Blackie property is located in a historic mining district. The adjacent past-producing Yellow Giant Mine, located less than 10km from the property and operated by Banks Island Gold as recently as 2015 initially boasted a 414% IRR, showing the economic potential that exists on Banks Island2.
  • McDougall (1984), commented that, “an unusually strong and extensive magnetic anomaly exists over the [Peneece Property]. It was, and still remains the largest flux gate magnetic anomaly noted by the writer during many years of work on the West Coast. The size and overall magnetic intensity of the anomaly were only exceeded at the multi-billion ton “Klukwan pyroxenite-amphibolite” deposit in S.E. Alaska.”
  • Magnetic concentrate from limited float samples collected distal to the magnetic anomaly on the Peneece Property assayed up to 0.59% V205.1
  • Both properties are easily accessible by boat or helicopter and workable year round. Historic barge-logging was completed within and near to the project areas, which has created a network of logging roads and allows for low cost exploration and development.

 

An initial work program including a high-resolution airborne magnetic survey is planned in the near term on both Properties.     Read this and more news for Delrey Metals Corp at https://financialnewsmedia.com/news-dlry


Other recent developments in the mining industry include:

 

Largo Resources Ltd. (TSX:LGO.TO) (OTCQX:LGORF) recently announced  record cash provided before non-cash working capital items of $127.5 million and basic earnings per share of $0.14 on record revenues of $149.5 million during the third quarter 2018. Production at the Maracás Menchen Mine for the quarter was 2,563 tonnes of V2O5, representing a new quarterly production record and the Company’s strongest quarter of production to date. Mark Smith, Chief Executive Officer for Largo, stated “Largo delivered robust financial performance as a result of record operational output from the Maracás Menchen Mine in the third quarter. The Company also reported the highest ever revenues and operating cash flows to date of $149.5 million and $113.4 million , respectively, and continues to strengthen its balance sheet every quarter. Production at the Maracás Menchen Mine continued to be strong delivering its best quarter of the year with record production of 2,563 tonnes of V2O5. We continue to advance the expansion project at the Maracás Menchen Mine and the Company remains on track to achieve its increased production guidance for 2018.”

 

Albemarle Corporation (NYSE:ALB) recently announced it  has signed an Exclusivity Agreement (Agreement) with Mineral Resources Limited (MIN.AX) in relation to the potential creation of a 50/50 joint venture (JV) to own and operate the Wodgina hard rock lithium mine and ultimately develop an integrated lithium hydroxide operation at the resource site. Wodgina, located in the Pilbara region of Western Australia, is a world-class hard rock lithium deposit, with an estimated mine life of over 30 years. The proposed JV, which remains subject to negotiation of definitive documents, would combine Albemarle’s world-class lithium production and marketing expertise with Mineral Resources Limited’s (MRL) leading regional presence and mining capabilities. Under the terms of the Agreement, Albemarle would manage the marketing and sales of lithium hydroxide produced by the JV via Albemarle’slong term agreement strategy.

 

First Vanadium Corp. (TSX-V:FVAN.V) (OTCQX:FVANF) recently announced that it has negotiated the purchase of a 1.5% NSR attached to its Carlin Vanadium property in consideration for which it will issue 1,300,000 common shares of the Company to the owner of the NSR. The shares, when issued, will be subject to a hold period expiring four months plus a day after the date of their issuances in compliance with Canadian securities laws. The completion of this purchase is subject to TSX Venture Exchange acceptance. Paul Cowley, President of the Company, stated: “This is a unique opportunity for us at this time to extinguish a 1.5% NSR on the Carlin Vanadium Property and associated advanced royalty payments, all at a deep discount of roughly 67% to the original US$3 million buy-back price established for this NSR. This preserves and focuses our treasury on advancing the project. Upon completion of this transaction, only a 2% NSR will remain attached to the property, with the Company retaining the rights to purchase the remaining NSR for US$4 million.”

 

Katanga Mining Limited (TSX:KAT.TO) (OTCPK:KATFF) recently announced that it has successfully completed the hot commissioning of Phase 2 of its whole ore leach (“WOL”) processing facility at its 75% owned subsidiary Kamoto Copper Company’s (“KCC”) copper and cobalt mine in Lualaba Province, DRC. The commissioning of the pre-leach circuits is continuing as scheduled and is expected to be completed by the end of 2018. A progressive ramp-up of the facility is expected to follow with the objective of achieving full capacity of the WOL plant by the end of Q1 2019.  Johnny Blizzard , Chief Executive Officer of Katanga, commented: “We are very pleased to have entered into the final phase of the commissioning of the WOL processing plant project after three years of hard work. Following the commissioning of Phase 1 last year, and the commissioning of Phase 2, we are already seeing the benefits of improved recoveries, more predictable plant performance and looking forward to increasing production.”

 

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