Startup ecosystem in Southeast Asia and India show signs of maturity – Profitability and customer-centricity take centre stage: HubSpot Study

SINGAPORE, June 5, 2024 – (ACN Newswire) – HubSpot, the customer platform for scaling businesses, today announced the findings of a study conducted by Milieu Insight that explored the trends and innovations shaping the startup landscape in Southeast Asia and India.

Despite current global economic headwinds and private funding in the region declining to its lowest levels in six years, the startup ecosystem in Southeast Asia and India remains resilient, demonstrating significant signs of maturity. HubSpot’s new report reveals that on average, about half (53%) of startups across the region found it easier to grow their businesses in the past year compared to previous years. Notably, startups recognise the need to balance growth and profitability, with the majority of regional startups agreeing that a clear path to profitability (98%) has become more important in the last year as compared to the years prior.

This resilience is characterised by an interesting dichotomy: while geographical expansion presents challenges, with 23% of startups finding it harder to enter new markets, customer acquisition and retention have become more manageable. Although 18% mentioned that acquiring customers has become more challenging, more than half (55%) of startups report improvements in customer acquisition and retention. Increased competition (31%), stricter customer demands (31%), and access to capital (29%) were cited as the key challenges to customer acquisition among those who mentioned acquiring customers have gotten harder.

Laurence Butler, Global Senior Director, HubSpot for Startups, commented: “These signs of growing resilience are a testament to the region’s entrepreneurial spirit and adaptability. While digital transformation has been a focus among the region’s SMBs in recent years, the digital-first nature of modern startups empowers them to swiftly adapt to volatile market conditions by leveraging data analytics and foundational technologies such as CRM platforms. Most startups now recognise the critical importance of having a clear path to profitability, marking a shift towards focusing on core markets and building robust customer relationships, which are crucial for long-term sustainability.”

Potential for technology-augmented growth

The survey findings also revealed that startups in the region have built a robust foundation of technology and are leveraging their tech stack to collect, structure, and analyse customer data to drive business growth.

Almost all (99%) startups say they are using at least one CRM tool and eight in ten (81%) startups are satisfied with their tech stack. CRM platforms consolidate customer data from multiple sources, creating a single source of truth that enables brands to accurately track and measure the impact or effectiveness of their customer engagement efforts.

Consequently, 71% of startups surveyed perceive that they have an adequate amount of data at their disposal to identify new opportunities for business growth. The collective use of data and technology is not only helping drive innovation and build better customer relationships, but may have also contributed to the enhanced resilience and adaptability of startups in the backdrop of a persisting global funding winter.

The report also uncovered a disparity between countries surveyed. More than a third of startups (38%) in the Philippines reported a lack of sufficient data on their business prospects and the customer journey. Only 58% of startups in the Philippines indicated satisfaction with their tech stack, the lowest among all countries surveyed. This could have contributed to local startups’ inability to collect the right data for better decision-making and also their growth prospects. Nearly half (48%) expressed that it is more difficult than before to grow their companies, almost double the regional average of 25%.

Amid ongoing economic uncertainties, the findings collectively suggest that the most successful startups will be those that adopt the relevant technologies to collect and leverage customer data, boosting their growth or expansion prospects.

AI is on the rise but talent is still in short supply

The emergence of artificial intelligence (AI) is fundamentally transforming the startup landscape in Southeast Asia and India. AI is increasingly seen as a pivotal element in the future strategies of companies, automating repetitive tasks and creating new roles that demand advanced skill sets. However, this technological advancement comes with its own set of challenges, particularly in the area of talent acquisition.

Startups are struggling to fill key positions, with marketing (46%), customer success (40%), as well as sales and business development (38%) roles being the most difficult to hire for among go-to-market positions. For non-go-to-market positions, AI and machine learning engineers top the list of hardest-to-hire roles (35%), followed closely by experts in data analytics (33%), product management, (33%) and industry-specific specialists (33%). Software engineers also remain in high demand (32%).

Cost and experience are identified as the primary shortcomings in the current talent pool across the region. Other challenges include a lack of soft skills among candidates and mismatch of expectations regarding remote and hybrid working arrangements.

The talent landscape varies across different countries:

In Singapore, the lack of diversity in the talent pool (41%) and the shortage of specialised technical skills (37%) are significant challenges, alongside cost (37%).
In India, limited experience in startup environments (49%), expectations misalignment regarding remote/hybrid work (49%), a general shortage of talent (48%), lack of soft skills (47%), and high turnover rates (41%) are prevalent issues, with cost being a major factor (50%).
Indonesia mirrors many of India’s trends, although the challenges related to soft skills, remote/hybrid working expectations, and turnover rates are less pronounced.

With the talent shortage showing no signs of easing, startups must rethink their talent strategies to overcome these hurdles. Solutions could include investing in upskilling and reskilling employees by tapping government-led talent initiatives such as Singapore’s SkillsFuture programme, leveraging remote work to access a broader talent pool, and fostering a culture that values diversity and continuous learning.

Future outlook: The role of AI in driving growth

The majority of startups across the region (98%) agree that AI is important in their future strategy, particularly among those in India and Indonesia. 73% of respondents in India and 63% in Indonesia strongly agreed with this statement, the highest sentiments registered among all countries surveyed.

Leveraging AI offers several key opportunities for startups:

Accelerating Time to Market: 32% of startups see AI as a way to bring products to market faster.
Enhancing Product Delivery: 30% believe AI can help in delivering products more quickly.
Competing with Larger Competitors: 30% view AI as a tool to level the playing field against bigger competitors and incumbents.

“Today, AI is viewed as the single largest economic opportunity since the start of the internet, and data is the currency of AI,” explained Butler. “Residing in some of the world’s fastest growing digital economies, digital-native startups in the region are well-positioned to tap on their established tech infrastructure and quality data that form the basis for effective AI solutions. By leveraging AI, startups can quickly identify gaps in their business models, better anticipate customer needs, and improve their overall ability to deliver highly personalised customer experiences.”

These findings were based on responses from 600 startup founders and decision-makers across Singapore, Indonesia, the Philippines and India to understand their biggest challenges and opportunities for growth conducted from February to March 2024.

Learn more about the startup pulse report at https://hubs.la/Q02zzr3s0. For more insights like this and helpful tips for founders, we invite you to join HubSpot for Startups. Get a library of free resources, access to top investors, and a place to meet other passionate founders — plus exclusive discounts on AI-powered growth tools. Learn more here: hubspot.com/startups

About HubSpot

HubSpot (NYSE: HUBS) is the customer platform that helps your business grow better. HubSpot delivers seamless connections for customer-facing teams with a unified platform that includes AI-powered engagement hubs, a Smart CRM, a connected ecosystem, and a team of over 7,600 employees. With over 1,500 App Marketplace integrations, a community network, and educational content from HubSpot Academy, that has helped over 459,000 professionals. Today, over 216,000 customers, like DoorDash, Reddit, Eventbrite, and Tumblr, across more than 135 countries use HubSpot to attract, engage, and delight customers. Learn more at www.hubspot.com.

Press contact:
Yanchang Tan
E: yanchangtan@slingstone.com

Unlocked – The Mobile & App Growth Summit Lands in Singapore

SINGAPORE, June 5, 2024 – (ACN Newswire) – Unlocked, the Mobile and App Growth Summit travels to Singapore on September 5, 2024. It is presented by Martechvibe, a global media outlet that focuses on marketing and CX industry summits.

Singapore leads the charge in the global digital transformation thanks to its tech-savvy populace and resilient infrastructure. The city-state experiences a surge in mobile usage, social media and dynamic shifts in consumer behaviour year-on-year. This underscores the critical need for inventive and impactful mobile app marketing strategies. What are the future trends, and how can marketers prepare for it?

The Unlocked – Mobile & App Growth Summit caters to mobile marketers, growth experts, productmarketers, and monetisation leaders, offering a platform to enhance their skills and elevate their brands.

The ecommerce sector has flourished due to heightened app usage among Singaporeans. Shopping platforms such as Shopee, Lazada, and Amazon dominate user activity, whiledelivery apps like Grab and FoodPanda capitalise on the surge in mobile usage for food and beverage orders.

Key sessions to attend:

Zero to Hero: Transforming Your Mobile Experience
Going Beyond Downloads – Formulating Habit-Forming Apps
Mastering IOS App Campaigns: Navigating Success with SKADNetwork
End-to-End Ad Fraud Management Handbook
The Power of Click-to-Subscribe
The Challenge of Personalisation In a Post-Tracking World

The speaker line-up includes Asha Gourinath, Regional Head of Growth-Performance Marketing & Media at Grab; Delphine, Director Qcom at foodpanda; Jeraldine Saw, Director eB2B Digital Marketing at The Coca-Cola Company; Dipti Khalate, Head of Growth APAC at Zalora;Gaurav Khanna, Head of Data Science at Tokopedia; Nikhil Vidyan, Group Head of Digital Marketing atNinja Van Group; Preeti Naini, VP Operations at Go City; Sudarshan Bala, Regional Marketing Director at Carousell Group; Tessa Kerk, Lead Creator Program at Socopely; Raji Senthilkumar, Head, Digital Platform at Standard Chartered; and Pablo D Cantu, Head of Product at Bitsmedia.

For more details and registration, visit Unlocked.

About Martechvibe

Martechvibe is a global digital magazine and authority on marketing technology and customer experience. It is theforemost voice on how enterprises, marketers, CX professionals and brands are adopting martech. With a pulse on the disruptions, regulations, challenges and enterprise goals of global players and legacy companies – the title taps into marketing leaders with a space to share, debate and inform the professional community. Since 2018, we have covered the evolution of martech, adtech and CX in this new era of marketing intelligence.

Media Contact:
Rajdatta Bekanalkar
Marketing Manager
Vibe Media Group
rajdatta@vibeprojects.com

Kucingko Inks Underwriting Agreement with Kenanga Investment Bank

KUALA LUMPUR, June 5, 2024 – (ACN Newswire) – Kucingko Berhad (“Kucingko” or the “Company”), an established 2D animation production services provider, is pleased to announce the signing of an underwriting agreement with Kenanga Investment Bank Berhad (“Kenanga Investment Bank”) for its upcoming IPO on the ACE Market of Bursa Malaysia Securities Berhad (“Bursa Securities”).

Executive Director of Kucingko Berhad, Mr. See Chin Joo; Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga IB, Datuk Roslan Hj Tik; Executive Director of Kucingko Berhad, Mr. Ooi Kok Hong [L-R]

Kucingko’s IPO exercise, according to the draft prospectus available on Bursa Securities’ website, involves a public issue of 100.0 million new ordinary shares and an offer for sale of 100.0 million existing ordinary shares, which represents an aggregate of 40.0% of the enlarged number of ordinary shares of the Company.

The IPO involves the following:

Public Issue (“Issue Shares”)

Malaysian public
25.0 million Issue Shares, representing 5.0% of the enlarged number of ordinary shares, are allocated for application by the Malaysian public, with half of this allocation reserved for Bumiputera investors.

Eligible persons
10.0 million Issue Shares, representing 2.0% of the enlarged number of ordinary shares, are allocated for application by eligible directors, key senior management, employees, and associates who have contributed to the Kucingko group’s success (“Pink Form Allocations”).

Private placement to selected investors
65.0 million Issue Shares, representing 13.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Offer for Sale (“Offer Shares”)

Private placement to selected investors
100.0 million Offer Shares representing 20.0% of the enlarged number of ordinary shares are allocated by way of private placement to selected investors.

Kenanga Investment Bank, as Principal Adviser, Sponsor, Underwriter and Placement Agent, will underwrite the 35.0 million Issue Shares made available for application by the Malaysian Public and Pink Form Allocations.

Mr. See Chin Joo, Executive Director of Kucingko Berhad said, “This IPO aligns very well with Kucingko’s ambition to grow in the 2D animation sector. The funds raised from the IPO will be instrumental in scaling our business through setting up a sales office in the United States of America, our largest market, and increasing our production capacity by setting up branch offices in Sabah and Sarawak to tap into the talent pools in these two cities. We are also very excited to be the first animation production studio to be listed on Bursa and, we are delighted to have Kenanga Investment Bank to advise us on this significant corporate milestone.”

Mr. Ooi Kok Hong, Executive Director of Kucingko Berhad, expressed his gratitude towards Kenanga Investment Bank for their support in the IPO process. He added, “Their expertise and guidance have been instrumental in helping Kucingko navigate the complexities of going public. We believe that Kucingko’s position as the first 2D animation company to be listed on Bursa Malaysia will have a positive impact on the market and industry, setting a benchmark for excellence in the creative sector.”

Datuk Roslan Hj Tik, Executive Director, Head of Group Investment Banking and Islamic Banking of Kenanga Investment Bank, stated, “Kucingko Berhad offers an excellent diversity for investors as the Malaysian market has historically lacked publicly traded animation production companies. We are proud to support Kucingko through its IPO, bringing one of the industry’s most successful and reputable 2D animation production companies to Bursa Malaysia. The IPO of Kucingko marks a momentous occasion, potentially inspiring other creative ventures to pursue such similar paths as well.”

Kucingko Berhad https://www.kucingko.com/

Fintech360 and TradingView Enter into Partnership for Innovation and Efficiency

NEW YORK, June 4, 2024 – (ACN Newswire) – Recently, Fintech360 has proudly announced that they enter into partnership with TradingView. The forex brokerage industry is rapidly evolving, and Fintech360 stands at the forefront, driving innovation and efficiency. A pivotal factor in this success is their partnership with TradingView, a renowned charting provider offering an extensive suite of market trading and analysis tools. This collaboration amplifies Fintech360’s capabilities, enabling brokers to offer a sophisticated trading experience to their clients.

Trade Smart, Not Hard: Fintech360 and TradingView Revolutionize Forex Brokerage Solutions

TradingView is celebrated for its user-friendly interface, custom charts, technical indicators, and other essential tools for market analysis. By integrating TradingView’s advanced charting technology into Fintech360’s solutions, brokers can provide their clients with superior market visualization and trend analysis tools, essential for making informed trading decisions. This partnership not only enhances the user experience but also strengthens Fintech360’s overall value proposition.

Comprehensive Solutions for Forex Brokers

Fintech360 is dedicated to revolutionizing the forex brokerage industry by offering a comprehensive suite of B2B fintech services tailored to regulated brokers. Flagman of their product lineup is their innovative trading platforms, both web-based and mobile, designed to meet the needs of modern forex brokers. These platforms allow brokers to quickly deploy a fully functional trading environment, eliminating the need for costly and time-consuming in-house development. This enables brokers to attract and retain clients more efficiently.

Fintech360 product lineup also includes CRM systems, payment gateway, business intelligence, affiliate management and now, thanks to their partnership with TradingView, advanced charting and market analysis capabilities.

Why Fintech360 Stands Out

Fintech360’s mission goes beyond profit. They aim to bring cutting-edge solutions to the forex brokerage industry, striving for the highest efficiency and reshaping traditional brokerage operations. By offering an omni-channel solution, Fintech360 ensures that all broker processes, from compliance and payments to trading, are seamlessly integrated under one roof.

The Importance of Strategic Partnerships

The success of Fintech360 is bolstered by its ability to forge strategic partnerships with industry leaders like TradingView. This collaboration demonstrates Fintech360’s commitment to providing brokers with the best tools available, ensuring they stay ahead in a competitive market.

For forex brokers looking to enhance their service offerings, Fintech360 presents an unparalleled opportunity. With their comprehensive suite of services and partnership with TradingView, Fintech360 equips brokers with the tools needed to deliver an exceptional trading experience. Embrace innovation and efficiency with Fintech360 and lead the way in the forex brokerage industry.

Social Links

LinkedIn: https://www.linkedin.com/company/fintech-360

Media contact
Fintech360
Media team
Website: https://www.fintech360.com/

SOURCE: Fintech360

HighTide Therapeutics Presents Analyses of Phase 2a MASH Study at the 2024 International Liver Congress, Reinforcing and Further Characterizing the Efficacy and Safety of Berberine Ursodeoxcyholate (HTD1801)

ROCKVILLE, MD and SHENZHEN, CHINA, June 5, 2024 – (ACN Newswire) – HighTide Therapeutics, Inc. (HKEX: 2511), a clinical stage biopharmaceutical company specializing in the development of multi-targeted therapies for chronic liver and metabolic diseases, announced that it will make multiple presentations at the European Association for the Study of the Liver (EASL) Congress, taking place from June 5-8, 2024 in Milan, Italy. The presentations include post-hoc analyses of the Phase 2a clinical study of berberine ursodeoxcyholate (HTD1801), a gut-liver anti-inflammatory metabolic modulator, in patients with metabolic dysfunction-associated steatohepatitis (MASH) and comorbid type 2 diabetes mellitus (T2DM) (NCT03656744).

“These data provide additional insight on the potential benefits of HTD1801, a novel, multifunctional therapy being developed for the treatment of patients with MASH and T2DM. The ongoing multi-regional Phase 2b study (CENTRICITY, NCT05623189), now fully enrolled, evaluates the histologic benefit of HTD1801 in this same patient population. We look forward to the results of CENTRICITY which is on track to read out in the first half of 2025,” said Dr. Leigh MacConell, Chief Development Officer of HighTide.

“Efficacy of Berberine Ursodeoxycholate (HTD1801) Compared to Ongoing Use of GLP-1 Receptor Agonists in Patients with MASH and T2DM” (Abstract SAT-227, Poster Presented June 8)

About the Abstract: As GLP-1 Receptor Agonists (GLP-1RAs) are prominently used in patients with T2DM and gaining attention as a potential treatment for MASH, this post-hoc comparative efficacy analysis evaluated ongoing GLP-1RA use compared to newly initiated HTD1801 treatment. This analysis suggests that HTD1801 provides greater benefit across multiple cardiometabolic endpoints compared to ongoing GLP-1RA use. These findings are important as they suggest that patients with MASH and T2DM, on concomitant GLP-1RA treatment, could achieve additional benefit with HTD1801 in terms of further glucose and lipid lowering as well as weight loss.

“Berberine Ursodeoxycholate (HTD1801) Provides a Unique Therapeutic Approach for Patients with Metabolic Liver Disease and Severe Insulin Resistance” (Abstract SAT-225, Poster Presented June 8)

About the Abstract: Insulin resistance is a significant risk factor for T2DM, obesity and MASH. HTD1801 enhances the utilization of glucose and fats through activation of AMP-activated protein kinase (AMPK), thereby improving insulin sensitivity. As HTD1801 is under development as a treatment for patients with MASH and T2DM, the objective of this post-hoc analysis was to evaluate the effects of HTD1801 based on degree of insulin resistance. These data demonstrate that HTD1801 can alleviate the metabolic inhibitory effects caused by hyperinsulinemia, leading to even greater metabolic benefits in patients with MASH and more severe insulin resistance and therefore may offer a unique therapeutic approach for individuals with MASH and T2DM.

“Time Course of Onset, Incidence, and Prevalence of Gastrointestinal Adverse Events with HTD1801 (Berberine Ursodeoxycholate) in Patients with MASH and T2DM” (Abstract SAT-243, Poster Presented June 8)

About the Abstract: The most commonly occurring adverse events (AEs) in studies of HTD1801 across several indications have been mild to moderate gastrointestinal (GI) AEs, primarily diarrhea and nausea. The purpose of this post-hoc analysis was to characterize the time course and severity of GI AEs in patients with MASH and T2DM treated with HTD1801 for 18 weeks. Diarrhea and nausea, the most commonly occurring of GI AEs, followed a trend that was consistent with all reported GI AEs; they showed early onset (within the first 4 weeks), were mild or moderate in severity, and importantly, showed a decreasing incidence and prevalence over the course of treatment. These data demonstrate that with continued treatment with HTD1801, GI tolerability improves supporting its potential for long-term use for the treatment of chronic disease, such as MASH.

About HighTide Therapeutics

HighTide Therapeutics, Inc. (HKEX: 2511) is a globally integrated biopharmaceutical company focusing on the discovery and development of first-in-class multifunctional multi-targeted therapies with chronic liver and metabolic diseases with significant unmet medical needs. The company is developing multiple clinical assets, including therapy for metabolic dysfunction-associated steatohepatitis (MASH), type 2 diabetes (T2DM), severe hypertriglyceridemia (SHTG), primary sclerosing cholangitis (PSC) and primary biliary cholangitis (PBC). Berberine ursodeoxycholate (HTD1801), the company’s lead drug candidate, received Fast Track designation from the U.S. FDA for both NASH and PSC, as well as Orphan Drug designation for PSC. In China, HTD1801 has been included in the National Major New Drug Innovation Program under the 13th Five-Year Plan for Major Technology Project.

Disclaimer

The information contained herein is based solely on events or data available as of the date of this document. Unless required by law, we are under no obligation to update or publicly revise any forward-looking statements or events beyond those anticipated, even if new information, future events, or other circumstances arise after the date of the forward-looking statement. Please review this document carefully and be aware that our actual future performance or results may significantly deviate from expectations. All statements in this document are made as of the publication date and may change considering future developments.

For more information, please visit www.hightidetx.com.

Contact: pr@hightidetx.com

IndoSec 2024 shaping up to be a Battleground for Giants

JAKARTA, June 5, 2024 – (ACN Newswire) – Indonesia’s own cybersecurity saga, aka IndoSec, an annual event with the reputation of convening the industry’s top leaders is now gearing up for its 7th edition. Scheduled to take place on 24 – 25 September 2024 at the Jakarta Convention Center, the platform’s efficacy, lucrative offerings, and exemplary body of work continues to lure the best cybersecurity providers.

While the public and private sectors’ vested interest in the platform is a regular phenomenon, the upcoming edition has grabbed the attention of world-renowned organisations such as Mastercard, Google Cloud Security, Cloudflare, Sophos, SentinelOne and many others, seen as competing against one other.

It comes as no surprise that last year, the platform witnessed an epic inauguration by the country’s guardians from the cyber, communications and security realms, namely: Lieutenant General (Ret.) Hinsa Siburian (Head, National Cyber And Crypto Agency (BSSN)), Semuel Abrijani Pangerapan (Director General Of Applications Informatics, Ministry Of Communication And Informatics Of Republic Of Indonesia), Brigadier General Iroth Sonny Edhie (Commandant Of Army Cyber & Crypto Center, Indonesian National Army), and Mochammad Yunnus Saputra (S.I.K., M.SC. IT – Head Of Unit 5, Sub Directorate 3, Cybercrime Investigation Centre, Indonesia National Police).

Over the last six years, IndoSec has completely revolutionized the art of cherry-picking the biggest cybersecurity buyers from the region who form the platforms’ delegate lineup. In the process of wooing these coveted delegates, the technology companies orchestrate the most advanced cybersecurity show entailing the finest display of cutting-edge solutions and dissemination of the latest intel through inspiring knowledge sessions.

In fact, IndoSec has always featured the most reliable thought leaders at the conference, including the top officials from the National Cyber & Crypto Agency (BSSN), Ministry of Communication & Informatics of Republic of Indonesia, Indonesian National Army, Indonesian National Police, Ministry of Tourism & Creative Economy, National Research & Innovation Agency, Telkom Indonesia and many others.

Last year, summarizing his opinion about IndoSec in one line, Muhammad Neil El Himam (Deputy for Digital Economy & Creative Product, Ministry Of Tourism & Creative Economy, Republic of Indonesia) stated, “IndoSec is great! Culture of Cybersecurity can be propagated to the masses here.”

The upcoming edition’s agenda is sure to drive some paradigm-changing conversations around cybersecurity’s most pressing topics, some of which include, ‘Crafting Resilient Cloud Security’, ‘Embracing Generative AI in Cybersecurity’, ‘PAM as a Cornerstone of Zero Trust Architecture’, ‘Next-Generation Authentication’, ‘Navigating 5G and IoT Interconnection’, ‘Protecting National Security’, ‘Impact of Blind SQL Injection on Web App Security’ and many more.

The Organiser and CEO of Tradepass, Sudhir Ranjan Jena expressed his point of view on the platform, “IndoSec’s upcoming edition will strongly reflect on the country’s evolving threat landscape and that is something today’s cyber defenders must navigate. There’s a dire need to address the vulnerabilities faster than ever before as it is directly correlated to organisations’ cyber hygiene. The conference is meticulously designed to provide a window into how the attacks are occurring and the best-in-class measures to mitigate the same.

He stated further, “Needless to mention, the presence of tech giants will bring global expertise and collaboration opportunities to the forefront, helping Indonesia’s public & private sector to fortify their digital walls.”

For more information about the event, log on to: https://indosecsummit.com/

About Tradepass

Providing access to the global emerging markets, Tradepass brings together people, products and solutions to power events for unparalleled business and networking opportunities. Being the most accredited event company, it helps organizations: enter new markets, grow sales pipeline, close prospects, raise capital and identify the right solution-providers.

As a deal facilitator, Tradepass is always determined about exposing the most agile liquid growth markets, to enable all-round scalability and growth.

Media contact:
Shrinkhal Sharad
PR & Communication Lead
shrinkhals@tradepassglobal.com
+ (91) 80 6166 4401
Tradepass Global

Rover Announces Intent to Pursue Strategic Alternatives for Its Cabin Gold Project

Vancouver, BC, June 5, 2024 – (ACN Newswire) – Rover Critical Minerals Corp. (TSXV:ROVR)(OTCQB:ROVMF)(FSE:4XO) (“Rover” or the “Company“) is pleased to announce the completion of a NI 43-101 Technical Report for its 100% owned Cabin Gold project (the “Cabin Technical Report“), NT, Canada.

The Company is also pleased to announce that it is considering strategic alternatives for its Cabin Gold project. In particular, the board of directors are considering a potential transaction pursuant to which the Company could potentially divest itself of the Cabin Gold project, either by way of a spin-out transaction, or by transacting with a Capital Pool Company (“CPC“), or a similar reverse take-over transaction. The Company has not yet identified a CPC, or other potential counterparties, or entered into any agreements in that regard. The Company anticipates disseminating a subsequent news release if and when a potential transaction is identified. Any transaction proposed to be undertaken by the Company will be subject to all requisite approvals, including the approval of the TSX Venture Exchange (“TSXV“) and, potentially, the Company’s shareholders.

Management of the Company do not intend to file the Cabin Technical Report on SEDAR+ until such time as they have entered into a definitive agreement with respect to a potential transaction. Parties that are able to introduce suitable transactions to the Company are invited to contact management if they wish to obtain a copy of the Cabin Technical Report.

Cabin Gold Project, NT, Canada

Rover owns a 100% interest in the Cabin Gold project, which is located 110 km northwest of the city of Yellowknife, NT, and is winter road accessible off of Highway NT3, and located at the north end of Russell Lake. The Cabin Gold project is 40km southeast of Fortune Minerals’ NICO mine and the project is available for access off of the new Tlicho All-Season Road (“TASR”). The Cabin Gold project is considered to be a high-grade gold exploration project with gold hosted in iron-formation, near to surface. Exploration at Cabin dates back to the 1940’s and the project has been owned and operated by legendary mining companies such as Echo Bay Mines and Aber Resources. The project has a historic resource estimate, and the Company, with diamond drilling, has both confirmed the grades of the historic drillholes, as well as, expanded the historic gold mineralized zones. Historical interest in the project has been the potential for a Lupin gold mine type of discovery. Rover is still working to establish the connectivity of the proven gold zones at Cabin, and has invested over CAD4,000,000 into exploration at the project over four years. The exploration work includes extensive ground and airborne magnetics, ground IP surveys, LiDAR mapping, and three diamond drilling campaigns. The Company has prepared an NI 43-101 Technical Report to showcase its work on the project, as well as to provide the recommended next steps for exploration.

Highlights of the Cabin Gold project include the Company’s release from November 24, 2020, when the Company announced drilling 32 meters of continuous gold averaging 13.6 grams per ton at the Arrow Zone, plus multiple other near surface, high-grade gold intercepts at the Arrow Zone. The Arrow Zone is one of the zones at Cabin which have reported historical gold resources.

Infrastructure in the area near to the Cabin project will likely benefit from Fortune Minerals recent announcements that it has secured U.S. and Canadian government funding to further the development of the neighbouring NICO mine. The NICO mine is projected to include a gold processing circuit.

Judson Culter, CEO at Rover, states: “The Northwest Territories, as a mining jurisdiction, is not as well known as the jurisdiction of Quebec, Ontario, or British Columbia, but that is starting to change. There’s been a lot of positive news generated in the past year that is leading to the recognition of the NT as a jurisdiction for both gold and critical minerals. Some big critical mineral discoveries have recently been made by companies such as LiFT Power, and Loyal Lithium. Companies like Stllr Gold, continue to advance new gold mining in the territories. The Cabin Gold project can only benefit from the infrastructure being advanced by Fortune Minerals at their NICO project.”

Paddy Moylan, Rover’s President, comments: “We always have a laser like focus on doing good deals for our holders to create long term growth. Sometimes you have to pivot when you see an opportunity. We have been doing preliminary work on this initiative for some time and it is time to update the market accordingly. We are going to do a very good deal here for our holders. This exciting Cabin Gold project is potentially world class and it deserves to have its own listing and focus. I look forward to updating the market imminently as we make progress.”

Technical information in this news release has been approved by Raul Sanabria, M.Sc., P.Geo., Eur.Geol., a Qualified Person for the purposes of National Instrument 43-101.

About Rover Critical Minerals

Rover is a publicly traded junior mining company that trades on the TSXV under symbol ROVR, on the OTCQB under symbol ROVMF, and on the FSE under symbol 4XO. The Company is focussed on the permitting and exploration of the LGL project, a claystone lithium project in the Amargosa Valley of Nevada, USA.

You can follow Rover on its social media channels:
Twitter: https://twitter.com/rovermetals
LinkedIn: https://www.linkedin.com/company/rover-critical-minerals/mycompany/?viewAsMember=true
for daily company updates and industry news, and
YouTube: https://www.youtube.com/channel/UCJsHsfag1GFyp4aLW5Ye-YQ?view_as=subscriber
for corporate videos.
Website: https://www.rovercriticalminerals.com/

ON BEHALF OF THE BOARD OF DIRECTORS
“Judson Culter”
Chief Executive Officer and Director

For further information, please contact:
Email: info@rovermetals.com
Phone: +1 (778) 754-2617

Statement Regarding Forward-Looking Information

This news release contains statements that constitute “forward-looking statements.” Such forward-looking statements involve known and unknown risks, uncertainties, and other factors that may cause Rover’s actual results, performance, achievements, or developments in the industry to differ materially from the anticipated results, performance, or achievements expressed or implied by such 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. Forward-looking statements in this news release include information relating to Rover’s business plans, including with respect to a potential transaction involving the divestment or spin-out of the Cabin Gold Project or other similar transaction (including TSXV approval and shareholder approval for any such transaction). There can be no assurance that such statements will prove to be accurate or the terms and conditions upon which a transaction involving the Cabin Gold Project will occur or if a transaction will occur at all. Actual results and future events could differ materially from those anticipated in such statements, and readers are cautioned not to place undue reliance on these forward-looking statements. Any factor could cause actual results to differ materially from Rover’s expectations. Rover undertakes no obligation to update these forward-looking statements in the event that management’s beliefs, estimates, opinions, or other factors, should change.

THE FORWARD-LOOKING INFORMATION CONTAINED IN THIS NEWS RELEASE REPRESENTS THE EXPECTATIONS OF THE COMPANY AS OF THE DATE OF THIS NEWS RELEASE AND, ACCORDINGLY, IS SUBJECT TO CHANGE AFTER SUCH DATE. READERS SHOULD NOT PLACE UNDUE IMPORTANCE ON FORWARD-LOOKING INFORMATION AND SHOULD NOT RELY UPON THIS INFORMATION AS OF ANY OTHER DATE. WHILE THE COMPANY MAY ELECT TO, IT DOES NOT UNDERTAKE TO UPDATE THIS INFORMATION AT ANY PARTICULAR TIME EXCEPT AS REQUIRED IN ACCORDANCE WITH APPLICABLE LAWS.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OF THIS RELEASE.

SOURCE: Rover Critical Minerals Corp.

New Research Launched at BIO24 Finds CROs with In-house Regulatory Affairs Deliver 30% Savings, Halve Timelines and Cut Risk for Biotechs

WAKE FOREST, N.C. | ADELAIDE, AUS, June 4, 2024 – (ACN Newswire) – Avance Clinical, the award-winning Australian and North American market-leading CRO for biotechs, is sharing new data at BIO 2024 from Frost & Sullivan research showing biotechs save more than 30% in costs and halve start-up times with CROs that have in-house scientific and regulatory affairs.

Meet the team at BIO 2024 Booth #5601

DOWNLOAD THE REPORT HERE

According to the report key benefits for biotechs with CROs that have in-house scientific and regulatory affairs included:

Decrease trial startup timelines by up to 50% by supporting sponsors in preparing the study protocols, reviewing essential documents and prepping site for activation.
Reduced compliance risk and achieve zero errors by preparing necessary regulatory documents, compile submission dossiers and manage responses with regulatory authorities
Decreased cost to sponsors by up to 30% by enabling sponsors to leverage benefits of full-service CRO services and avoiding standalone contracts with independent regulatory affairs agency.

Avance Clinical’s Chief Scientific Officer Gabriel Kremmidiotis said some of the biotech services offered by the Avance Clinical in-house Scientific and Regulatory Affairs team included:

Regulatory Strategy Development: We devise regulatory strategies to navigate diverse regulatory landscapes, ensuring timely submissions and approvals.
Liaison with Regulatory Authorities: We serve as the primary liaison between our clients and regulatory authorities, maintaining open lines of communication and addressing inquiries promptly.
Surrogate Development: Acting as a surrogate development department, we assist start-up companies in demonstrating safety and preliminary clinical proof of concept of their assets.
Streamlined Marketing Application: Our medium-term aim is to offer a streamlined and flexible marketing application experience to our clients through our fully integrated functions within SRMA, harnessing our comprehensive global expertise.
Adherence to GCP Standards: We utilize quality systems that uphold adherence to Good Clinical Practice (GCP) standards, safeguarding the integrity and ethical conduct of clinical trials.

Avance Clinical recent news:

Avance Clinical is focussed on accelerating drug development for its biotech clients, from preclinical stages through to later phase trials.

Avance Clinical CEO, Yvonne Lungershausen said “It’s clear there is a demand for a mid-sized, agile, and responsive CRO with an in-house regulatory affairs team, and a proven track record of swiftly advancing high-quality clinical programs”.

“Our Australian and New Zealand operations have been delivering successful early phase clinical trials for decades, while our European and North American operations as well as our new Asia operations makes us an ideal CRO partner for later phase biotechs that are seeking access to significant patient populations,” she said.

“Our global teams offer our biotech clients world-class quality data and seamless geographic expansions to accelerate their drug development programs and position for success.”

“Avance Clinical’s study data is accepted by all the main regulatory authorities including the EMA and FDA.”

“Biotechs are looking for a partner that can start fast with high-quality data that is readily accepted by the US FDA and other regulatory agencies. Backed by our in-house global regulatory affairs team, we can navigate biotechs through regulatory complexities with confidence including FDA, EMA, MFDS and TGA submissions,” she said.

“In addition, our GlobalReady Site Partnership Network of over 2,500 highly qualified sites across the globe ensures maximum efficiency and effectiveness for our biotech clients’ trials.”

Lungershausen said this is our GlobalReady program and we currently have more than 90 biotech clients leveraging this unique, streamlined multi-phase and multi-region process. “With a globalized strategy, we ensure efficiency every step of the way,” she said.

DOWNLOAD THE REPORT HERE

Find out more:

Learn about the GlobalReady model
For more information about the benefits of running your next study with Avance Clinical contact us
Request a Proposal here

Media Contact:
Avance Clinical
media@avancecro.com
Kate Thompson

About Avance Clinical

Avance Clinical is the largest premium full-service Australian and North American CRO delivering quality clinical trials, with globally accepted data, in Australia, New Zealand and the US for international biotechs. The company’s clients are biotechs completing Phase I to Phase III of their drug development program that requires fast, agile, and adaptive solution-oriented clinical research services.

Frost & Sullivan Awards
Avance Clinical, a Frost & Sullivan Asia-Pacific CRO Market Leadership Award recipient for the past four years, has been providing CRO services in the region for more than 26 years.

Pre-clinical through to mid to late phase
Avance Clinical offers pre-clinical services with their experienced ClinicReady team right from pre-clinical through to Phase III clinical services leveraging significant Australian Government incentive rebates of up to 43.5% and rapid start-up regulatory processes.

With experience across more than 120 indications, the CRO can deliver world-class results and high-quality internationally accepted data for FDA and EMA review.

Technology
Avance Clinical uses state-of-the-art technology and gold standard systems across all functional areas to provide clients with the most effective processes. Medidata, Oracle, TrialHub, Certinia, Salesforce, Zelta and Medrio are just some of the technology partners.

www.avancecro.com

Advancing Customer Experience Solutions at World CX Summit and Awards

MUMBAI, INDIA, June 3, 2024 – (ACN Newswire) – The 11th global edition of the World CX Summit and Awards, an event by Trescon, drew to a close at the Leela, Mumbai on 22nd May 2024. The event was attended by over 200+ CX experts participating in a day filled with insightful discussions focusing on solutions and innovations that are reshaping how businesses approach the customer experience space.

The event explored crucial topics that have been dominating the CX space ranging from amplifying CX through martech, enhancing CX through automation, personalised CX through conversational AI, AI-led intelligent CX workflows and more.

Among the insightful sessions during the summit was the tech talk on ‘Reimagine Customer Experience with GenAI’ by Santosh Rao, Technology Leader – Client Engineering, IBM, and Buvana Iyer, Technology Leader- Client Engineering, IBM. The discussion focused on how the integration of AI-based tools are reshaping the customer experience lifecycle.

Another notable session was the panel discussion on “Revolutionizing Customer Experience: Navigating the Era of Digital Transformation”. Moderated by Ninad Raje, Chief Information & Transformation Officer, Chief People Officer, HealthAssure, deliberated on how subscription-based models have reshaped consumer behaviour and expectations. Fellow panellists, Lavanya Pachisia, Chief Operating Officer, Zivame; Keshav Evani, President – Digital Banking, YES Bank, and Suraj Shetty, Head of Customer Experience and Learning Development, Ring, provided key insights on how the integration of emerging technologies such as the metaverse, robotics, and marketing automation lead to exceptional customer experiences and increased ROI.

Santhosh Rao, Partner & Growth Platform Leader, Business Transformation Services, India – South Asia, IBM, the Lead Partner of the event, reflected on his experience, stating, “I found the summit experience to be excellent, primarily due to the format in which it was conducted. The panel discussions, where various clients shared their experiences and insights on adopting GenAI, were particularly enlightening. Additionally, during my session on leveraging GenAI to reimagine the customer experience, there were engaging questions and interactions, indicative of the high level of attendance and participation in the sessions.”

Anvesha Poswalia, Head of Digital & E-commerce, Unilever, said, ”It’s been an amazing experience. I’m truly elated by the incredible people I’ve met and the engaging discussions we’ve had, including the independent ones.”

Delnaaz Irani, Associate Director – Customer Experience, GSK, added, “The overall experience of the Summit was truly exciting. You get to learn a lot of new things, especially within your specific industry. Typically, you’re so focused on your day-to-day tasks that attending summits like this expands your horizons.”

Lalit Khosa, Head of Growth & BFSI Strategy, Exotel, further added “The World CX Summit and Awards was truly exceptional. The articulation of the event, the sharing of growth strategies by customers, and the well-aligned networking sessions were all superb. It was a wonderful experience to engage in such meaningful conversations.”

Naveen Bharadwaj, the CEO of Trescon, expressed, “During our research in preparation for this summit, our community of CX leaders highlighted a pressing demand for innovative solutions and services, that shaped our strategic priorities and focus for this event’s agenda. We are committed to advancing our community’s objectives by fostering effective deal flow between vendors and key decision-makers. Through intelligent and strategic collaborations, we aim to support our ecosystem in achieving their goals.”

The event culminated in the prestigious Top 100 CX Leaders Awards and Top 30 Marketing Leader Awards ceremony, honouring the top leaders and marketers for their exceptional contributions to innovation and excellence.

The World CX Summit has become an essential platform for knowledge exchange, collaboration, and business growth within the CX community. Through focused discussions on conversational AI and MarTech, the summit explored practical strategies for implementing these solutions and shaping the digital future in India’s technological landscape.

The 11th edition of the World CX Summit was brought to you by:

Lead Partner: IBM
Platinum Partner: Exotel
Gold Partner: Kore.ai; OneXtel
Bronze Partners: Limechat
Awards Partner: Gupshup

About Trescon

Trescon is a pioneering force in the global business events and services sector, driving the adoption of emerging technologies while promoting sustainability and inclusive leadership. With a deep understanding of the realities and requirements of the growth markets we operate in – we strive to deliver innovative and high-quality business platforms for our clients. For more information about Trescon, visit: www.tresconglobal.com

For media inquiries and further information, please contact:
Vishal S S
Media, PR and Corporate Communications Executive
Trescon
Email: vishals@tresconglobal.com
Mobile: +91-7358680951

Graid Technology Announces SupremeRAID(TM) SE Beta Program, Delivering Enterprise-Level Data Protection & Performance to Workstation and Desktop Users

SANTA CLARA, CA, June 4, 2024 – (ACN Newswire) – Graid Technology, an industry trailblazer in GPU-based RAID for NVMe and creators of groundbreaking SupremeRAID™, today announced the closed beta testing program for a new product line – SupremeRAID™ SE. With a focus on high-end workstations and consumers, SupremeRAID™ SE allows for enterprise-grade RAID data protection at the desktop level.

SupremeRAID™ SE enables professionals to harness their existing GPU hardware to configure high-performance and highly resilient RAID setups easily. The solution supports between 4 and 8 NVMe drives, making it ideal for users who require robust data management without the complexity of traditional RAID configurations.

“We proudly present the SupremeRAID™ SE beta program, now open to the public. SupremeRAID™ SE is remarkable for its ability to let users leverage their existing GPU to develop a customized RAID environment that delivers the complete performance potential of NVMe SSDs,” said Leander Yu, CEO of Graid Technology. “Furthermore,” Yu added, “SupremeRAID™ SE optimizes CPU resources for all applications on users’ workstations or desktops, enhancing its overall value.”

SupremeRAID™ SE is engineered for applications where speed and data integrity are critical:

AI and Machine Learning: Speed up model training and experiments with fast data throughput and minimal latency.

Multimedia Production: Enhance editing and production capabilities with accelerated data processing.

Engineering and Design: Access and manage large engineering files efficiently and reliably.

Scientific Computing: Handle large datasets with ease, whether for computational biology, physics simulations, or other research-intensive tasks.

SupremeRAID™ SE supports both Windows and Linux platforms, as well as several GPU models. For more information or to enroll in the beta program, visit https://beta.graidtech.com. General product availability is planned for July 2024.

About Graid Technology and SupremeRAID™ / Graid Technology, led by a dedicated team of experts with decades of experience in the SDS, ASIC, and storage industries, continues to push boundaries in data storage innovation. SupremeRAID™, hailed as the world’s only NVMe and NVMeoF RAID card to unlock the full potential of PCIe 3, 4, and 5 SSD performance, eliminates traditional RAID bottlenecks, leveraging GPU acceleration to maximize enterprise SSD performance. The company’s headquarters in Silicon Valley, supported by an R&D center in Taiwan, symbolizes our global commitment to pioneering advancements in storage solutions. Visit our website or connect with us on LinkedIn.

Contact Information
Andrea Eaken
Director of Marketing, Americas & EMEA | Graid Technology
andrea.eaken@graidtech.com
949-742-9928

SOURCE: Graid Technology Inc.