Aegis Trust & Custody Joins Hands with FORMS HK, Hi Sun Tech, and Infocast to establish the Digital Asset Service Hub (DASH) and Consortium for Banks in Hong Kong

HONG KONG, Jan 19, 2024 – (ACN Newswire) – Aegis Trust & Custody (“Aegis Custody”) a regarded virtual asset custody that provides regulated custody services for Real World Asset Tokenization and cryptocurrency in the United States and Hong Kong, announced at an event yesterday, the establishment of the Digital Asset Service Hub (DASH) and Consortium with the support of Syndicate Capital Group (“Syndicate Group”). Being part of the DASH & Consortium projects, Aegis Custody is co-creating the Reference Operation Demo Labs (“Custody+ Lab”) in Cyberport as a show-case for the banking and financial sector.

Aegis Custody also announced a strategic partnership with Forms Syntron Information (HK) Ltd. (“FORMS HK”, fully owned subsidiary of FORMS SYNTRON (300468.SZ)), Infocast Limited (“Infocast”), and Hi Sun Technology (China) Limited (stock code: 0818.HK, “Hi Sun Tech”) yesterday.

From the technical side, Aegis Custody, in collaboration with FORMS HK and Infocast, built the Custody+ Lab with their technical know-how and clients in both the traditional banking and Web3 spaces. This groundbreaking project aims to support banks in becoming “Virtual Asset Ready” by providing a foundational step. The collaboration covers technology, business operating readiness, and integration with the evolving landscape of tokenized securities, stablecoins, and Central Bank Digital Currency (“CBDC”) within the territory.

The Custody+ Lab focuses on virtual asset custody for cryptocurrencies, tokenized securities, stablecoins, and CBDC. The project’s goal is to enhance the technological and operational preparedness of businesses navigating the complex realm of digital assets in Hong Kong. Aegis Custody brings extensive expertise in custody, operational and compliance frameworks, and core technology, while FORMS HK and Infocast contribute its experience in local development, integration with banking systems, and delivering a superior digital experience.

The collaboration is set to revolutionize the approach to custody opportunities, compliance, and core technology in the banking sector. By strategically combining Aegis Custody’s robust digital asset custody and compliance infrastructure with FORMS HK and Infocast’s innovative local development and user-centric digital solutions, the partnership aims to create a comprehensive, secure, and user-friendly platform. The executives express confidence in the role of CBDC in shaping the future-ready platform.

This collaboration goes beyond technological integration, envisioning a secure, efficient, and forward-thinking ecosystem for all stakeholders in Hong Kong’s financial landscape. This emphasizes the transformative potential of the partnership, expressing dedication to delivering innovative solutions, driving ecosystem engagement, and fostering a new standard of excellence for banks in the city. Together we believe this Web3 proof of concept will have a positive impact on the Hong Kong financial market and beyond.

Serra Wei, Founder and CEO of Aegis Trust and Custody said, “Today, we stand on the threshold of a new era as our vision of traditional financial institutions adopting virtual assets powered by Aegis infrastructure transforms into reality through our strategic partnership with 3 leading banking solution providers. We are excited about the potential of our collaboration and are dedicated to ensuring that these partnerships will deliver innovative solutions and foster the Hong Kong Fintech industry. We look forward to a fruitful partnership with FORMS HK, Hi Sun Tech and Infocast and the positive impact it will have on the Hong Kong financial market and beyond.”

Albert Yip, Co-Chair of Aegis Hong Kong, and Chairman of Syndicate Capital Group, commented, “The recent joint circular by HKMA and SFC marks a significant milestone in the development of Hong Kong’s regulation of VA-related products amidst Aegis’ strategic plan of DASH project. Syndicate Capital Group is the Investor Champion and Corporate Champion of Global Fast Track that was initiated by InvestHK, promoting fintech and CBDC. We are delighted to support Aegis to establish the Custody+ Lab at Cyberport and collaborate with reputable market leaders such as FORMS HK, Infocast and Hi Sun Tech, fostering the digital asset sector in Hong Kong as the Web3 Hub in Asia.”

Alex Chan, CEO of FORMS HK, commented, “As we forge ahead into 2024, we are excited to announce FORMS HK’s collaboration with Aegis Trust & Custody. This partnership is set to redefine the digital and virtual asset landscape as we come together to establish the DASH and a Consortium for Banks in Hong Kong. We extend our heartfelt gratitude to Aegis Trust & Custody for placing their trust in us. At FORMS HK, we firmly believe that trust and safety are paramount when it comes to virtual assets. That’s why we have branded our Web 3.0 finance technology offerings under the name FINNOSafe. With our expertise and dedication, we are fully committed to supporting the financial sector in navigating the ever-changing FinTech landscape, as we strive to position Hong Kong as the premier hub for regulated virtual assets.”

Cecily Ho, President of Infocast, said, “Reflecting on the transformative year of 2023 in the fintech industry, our journey ahead will be marked by continuous adaptation and innovation. The collaboration is not just a business milestone, but also our major leap in integrating digital assets into traditional financial systems. I am proud to see Infocast’s expertise in financial technologies and enterprise solutions become the technological backbone for this ambitious project. Our joint efforts with Aegis Custody and other partners show-case our dedication to driving innovation in the fintech space, particularly in the realm of digital asset management.”

Jack Qu, COO of Hi Sun FinTech Global Limited, a subsidiary of Hi Sun Tech commented, “At Hi Sun, our contribution to this initiative is fuelled by our extensive expertise in information technology and banking solutions. We will play a key role in ensuring the seamless integration of financial transactions within banks and the digital asset ecosystem. Under the supervision of the Hong Kong Monetary Authority and in collaboration with Aegis Trust & Custody, we are co-creating a holistic system and working together to promote the virtual currency business, aiming to bring new opportunities for economic development.”

About Aegis Custody

Aegis Custody, as a qualified custodian through its affiliate Aegis Trust, provides high-quality custody solutions for institutional clients globally, redefining industry standards with a focus on security, innovation, and excellence. Operating under trust charters in the US and Hong Kong, Aegis Custody ensures both security and compliance for its clients through its subsidiaries Aegis Trust Company and Aegis Custody.

Stay updated with Aegis Custody on Twitter and LinkedIn.

About Syndicate Capital Group

Incorporated in 2001, Syndicate Capital Group (https://www.syndicatecapital.com/#home) focuses on co-investments in mid-market companies alongside core and specialist sponsors. Syndicate Capital Group serves as a bridge to connect entrepreneurs with ultra-high-net-worth individuals, private investors, family offices and financial institutions including investment banks and PE funds across the international capital markets. Syndicate Capital Group is a Corporate Champion and Investor Champion of Global Fast Track.

About FORMS HK

FORMS Syntron Information (HK) Ltd. (“FORMS HK”), a wholly-owned subsidiary of FORMS SYNTRON (300468.SZ), was incorporated in 2009 and is based in Hong Kong. FORMS HK offers advisory and implementation services to help established banks change, virtual banks build, and FinTech companies innovate and thrive.

About Hi Sun Technology (China) Limited

Hi Sun Technology (China) Limited (Stock Code: 0818.HK) (http://www.hisun.com.hk/en/global/home.php) is a leading integrated solution provider for payment, finance and telecommunication in China. Hi Sun FinTech Global (HSG) is one of its major subsidiaries. It is a technology company specializing in the provision and implementation of “turn-key” Fintech solutions, guiding and supporting Financial Services clients through their digital transformation journey. HSG offers a full suite of Financial Services modules that can be fully deployed or scale up into selective plug & play modules.

About Infocast Limited

Infocast (http://www.infocast.com.hk/en), incorporated in 1996, is a leading supplier of financial information technology (FinTech) products and services in Hong Kong. Infocast has over 25 years’ experience supplying trading platforms, enterprise solutions, financial content and investor applications to over 150 banks and brokerages in Hong Kong and across Asia. Infocast is also a licensed information vendor for multiple exchanges, with in-house news team reports on the latest financial news.

TreasureNFT Rises to Second Place in OKX Market Rankings, Embarking on a New Journey in 2024

NEW YORK, Jan 18, 2024 – (ACN Newswire) – In the world of digital assets, the OKX market, with its significant influence and global reach, has become a pivotal hub for NFT trading. TreasureNFT has risen to second place in this highly competitive platform. This achievement not only represents global market recognition for TreasureNFT but also proves its exceptional platform development performance.

TreasureNFT Rises to Second Place in OKX Market Rankings

As the digital asset market continues to evolve, NFTs (Non-Fungible Tokens) have emerged as a shining star in the blockchain industry. Particularly noteworthy is TreasureNFT, a project that has made remarkable strides in the NFT field and recently climbed to second place in the OKX market rankings. This not only signifies the rapid growth of TreasureNFT but also indicates the start of a new journey. As one of the world’s most influential cryptocurrency exchanges, OKX’s NFT trading volume is massive, with a global user base. TreasureNFT’s ability to stand out in such a competitive environment and secure second place signifies high industry and market recognition.

Unique Aspects of TreasureNFT’s Rise

TreasureNFT’s ability to stand out among many competitors is attributed to its unique innovative concepts and practices. First, TreasureNFT is committed to creating a more open and inclusive NFT ecosystem. It supports diverse digital art transactions and encourages creators and users to engage in deeper interactions and co-creation on the platform. Second, TreasureNFT utilizes the latest core trading algorithm – a pooled algorithm model designed for effectively concentrating and matching NFT trades. This pooling algorithm model is a new NFT matching method based on pooled transactions. It improves liquidity, accelerates trades, and offers instant settlement advantages, making the NFT market more efficient and flexible. The application of this technology will help further develop and grow the NFT market.

Success in the OKX Market: A Significant Milestone

TreasureNFT’s success on OKX, a globally renowned cryptocurrency trading platform, marks an important milestone. This not only means increasing market recognition and influence for TreasureNFT but also indicates its significant position in the global NFT market. Achieving second place on a platform with high liquidity and a broad user base undoubtedly proves TreasureNFT’s effectiveness in technological innovation and market strategy. Leveraging OKX’s strong traffic and user base, TreasureNFT will attract even more users. As the world’s largest Web3 wallet gateway, OKX has a massive number of monthly active users. These high-quality blockchain users are potential NFT investors and collectors. They will access and use TreasureNFT through OKX, providing significant growth momentum.

Embarking on a New Journey: Future Development Directions

What’s next for TreasureNFT? First, it plans to further expand its platform features, adding more user-friendly interfaces and tools to attract a broader user group. Second, TreasureNFT is committed to collaborating with other blockchain projects and technologies. Through cross-chain technology and partnerships, it aims to further extend its market influence. Lastly, TreasureNFT plans to explore more innovative application scenarios, such as applying NFT technology in virtual reality, gaming, and online experiences, to explore the potential of NFTs in emerging markets.

Conclusion

TreasureNFT’s success in the OKX market is a significant starting point. It is not only an important achievement for TreasureNFT’s own development but also a vivid representation of the overall NFT market trend. As TreasureNFT continues to make progress in technological innovation and market expansion, there is good reason to believe that it will play an even more important role in the future world of digital assets. With its new algorithmic trading model and inclusive financial model, TreasureNFT will further lower the entry barrier to the NFT market, expand its boundaries, and focus on various asset categories such as metaverse assets, physical IP assets, and crypto gaming assets, aiming to build a world-class NFT trading market.

Social Links
Twitter: https://twitter.com/Treasurenft_xyz
Telegram: https://t.me/TreasureNFTchat

Media Contacts
Brand: Treasure NFT
Contact: Media team
Email: promotion@treasurenft.xyz
Website: https://treasurenft.xyz/

China Resources Corporate Service’s Acquisition of SWCS Corporate Services Has Been Completed Successfully

HONG KONG, Jan 19, 2024 – (ACN Newswire) – China Resources Corporate Service and SWCS Corporate Services, two renowned professional corporate services providers, jointly announce the successful completion of the acquisition yesterday.

More than 100 guests, including Dr. Kenneth LAM, Vice Chairperson of the General Committee of The Hong Kong Listed Companies; Mr. Levin WANG, CEO of Huatai International; Mr. LAN Yi, Vice General Manager of China Resources Group; representatives from the Hong Kong Chinese Enterprises Association, Mainland Chinese enterprises in Hong Kong, industry associations, financial institutions, and professional service organizations, attended the completion ceremony in Hong Kong.

At the event, Mr. ZHANG Liqiang, Executive Director, General Manager of China Resources Corporate Service, expressed his gratitude to all the guests. He stated in his speech that China Resources Corporate Service is a new business unit of China Resources Group, focusing on the modern services industry and carrying the significant mission of exploring and laying out modern services in Hong Kong and mainland China. After more than two years of effort, the company now boasts a diversified business portfolio including comprehensive corporate services, supply chain services, and sci-tech services. The acquisition of SWCS Corporate Services signifies China Resources Corporate Service’s commitment to implement China Resources Group’s business strategy in Hong Kong, explore the modern service industry, and develop professional corporate services. Following the acquisition, China Resources Corporate Service will leverage Hong Kong’s unique advantage of “backed by the Motherland, connected to the world,” to focus on customer needs and promote the rapid development of SWCS Corporate Services.

Dr. Maurice NGAI, Director and CEO of SWCS Corporate Services, remarked that the acquisition is a significant milestone for the company. Since its establishment in 2011, SWCS Corporate Services has mainly provided mature and top-notch secretarial and compliance services for listed and private companies, while expanding into diversified services such as ESG Reporting and Consultancy, Employee Stock Ownership Plan (ESOP), Private Trust Services, Shareholder Identification Services, and Continuing Professional Development Training Services through the SWCS Academy and other Business Supporting Services. With a deep understanding of mainland corporate culture and the Hong Kong capital market, SWCS Corporate Services has become a preferred professional service provider, leading in secretarial and compliance services for listed companies in Hong Kong and establishing an exceptional corporate image. With the resources from China Resources Corporate Service, SWCS Corporate Services can further enhance its service capabilities to listed companies in the region, expand its influence in Hong Kong and mainland markets, and elevate the company to a new level.

Moving forward, both parties will leverage their respective strengths to improve existing professional services, understand the needs of domestic and international corporate clients, continuously expand the professional services market, and contribute to the high-quality development of professional corporate services in Hong Kong and mainland China.

About China Resources Corporate Service

China Resources Corporate Service Limited is committed to becoming a leading modern service enterprise in Hong Kong and mainland China with significant market influence. The company’s diversified business portfolio includes comprehensive corporate services, supply chain services, and sci-tech services. Its subsidiary has been recognized as a “National High-Tech Enterprise” , and its secretarial service company holds a “Trust or Corporate Service Provider (TCSP)” license. Its intellectual property company was selected as one of the “Top 10 Influential Brands in Chinese Intellectual Property” by the World Brand Lab in 2023.

About SWCS Corporate Services

SWCS Corporate Services Group (Hong Kong) Limited (SWCS) is a forward-looking professional corporate consulting service provider. Adhering to a client-centric principle, SWCS operates with a cost-effective business model and a unique direct service approach, coupled with exceptional technological services for clients. Whether enterprises are in the pre-listing, listing, or post-listing stages, SWCS can cater to their different needs. Its professional services include company secretarial and compliance, ESG reporting and consultancy (including climate change), family legacy and corporate talent retention, investor relations, SWCS Corporate Academy, and other corporate services. SWCS holds a “Trust or Corporate Service Provider (TCSP)” license.

Aegis Trust & Custody Joins Hands with FORMS HK, Hi Sun Tech, and Infocast to establish the Digital Asset Service Hub (DASH) and Consortium for Banks in Hong Kong

Peter Yan, CEO of Cyberport stated, “We are happy to support Syndicate Capital Group, which is a member of Cyberport Investors Network (CIN) and Aegis Custody, an incubatee of Cyberport, for the establishment of DASH. Cyberport is a key community builder with a strong network for innovative technologies across various industries. To showcase the potential solutions to intermediates, particularly the banking and financial sector, as well as other stakeholders in the virtual assets ecosystem, Cyberport will support Aegis to establish the banks consortium, which will enable the banking industry and related enterprises to better understand the latest development, promote cross-industry collaboration and prepare the readiness of virtual assets related activities such as stablecoins and CBDC.”

About Aegis Custody

Stay updated with Aegis Custody on Twitter and LinkedIn.?

About Syndicate Capital Group

About Cyberport

Cyberport (https://www.cyberport.hk/en) is Hong Kong’s digital technology flagship and incubator for entrepreneurship with over 2,000 members including over 900 onsite and close to 1,100 offsite start-ups and technology companies. It is managed by Hong Kong Cyberport Management Company Limited, wholly owned by the Hong Kong SAR Government. With a vision to be the hub for digital technology, thereby creating a new economic driver for Hong Kong, Cyberport is committed to nurturing a vibrant tech ecosystem by cultivating talent, promoting entrepreneurship among youth, supporting start-ups, fostering industry

About FORMS HK

About Hi Sun Technology (China) Limited

About Infocast Limited

The 2024 TIENS Global Business Launch Conference Provides a Grand Opening

TIANJIN, China, January 18, 2024 – (ACN Newswire) – ‘HELLO TIENS, HELLO 2024’, TIENS Global Business Launch Conference was held at the TIENS International Health Industrial Park in Tianjin, China, on January 14.

Mr. Li Jinyuan, Chairman of TIENS Group, delivered the opening keynote, stating that TIENS would cooperate with technology giants such as Microsoft, Amazon, Huawei and Tencent to implement a comprehensive digital transformation. As an essential part of this transformation, the ‘V-Moment’ was released. V-Moment’s ‘intelligent’ education platform has a global footprint and allows distributors to receive professional training anytime, anywhere, regardless of language or region.

Another release was the ‘perfect’ supply chain system, the ‘Flying Lion Supply Chain’, designed to improve the efficiency and competitiveness of the Group’s global business operations. Additionally, as a global multinational enterprise, the TIENS Group launched a global resource-sharing platform, ‘MetaPoint Global Elites Club’, relying on its global advantages to join hands with elites in various fields worldwide to contribute to global sustainable development.

Closing the conference, TIENS Group presented a solemn flag ceremony to encourage all major business divisions to forge ahead in 2024. In the new year, TIENS will continue to uphold its mission of “Healthy Mankind and Serving Society”, actively embrace and master AI technology, and join hands with families worldwide to share a better tomorrow.

Media Contact

Ms Liang, TIENS Group
Email: liangyi1@tiens.com
Website: www.tiens.com

About TIENS Group

TIENS Group was founded in 1992 by Mr Li Jinyuan in Tianjin, China, joining international markets in 1995. During these years of development and self-transcendence, TIENS has become a global enterprise spanning biotechnology, health management, hospitality and tourism, education and training, e-commerce and international trade. With business covering 224 countries and territories and branches established in 117, the Group has achieved global business coverage and has formed strategic alliances with many first-class companies worldwide.

From TIENS International Health Industrial Park, the Group has formed a global health industry network involving a health science and technology innovation system, health production and logistics system, customer support system, health education system, and health investment and financial system, gathering talent flow, logistics, capital flow and information flow. This global industrial chain covers a supply chain, a centralized product procurement system and a global network system with a shared e-commerce platform for its million-level membership and nearly 50 million family users.

Plato Data Intelligence Leverages Vectara to Power its Data-As-A-Service / DaaS Platform

NEW YORK, NY, Jan 19, 2024 – (ACN Newswire) – From development to launch, Vectara’s GenAI technology and team help innovators get to market faster. The announced partnership breaks new ground towards deploying a next generation of GenAI tools with Vertical focus.

Vectara, the Trusted Generative AI Product Platform, and Plato Data Intelligence, creators of PlatoAi, have entered into a commercial agreement to unlock the power of Vectara via Plato AI’s Generative Intelligence platform. With an emphasis on secure, trustworthy, and transparent GenAI for enterprises, Vectara was the clear choice for developers who want a trusted provider to count on for MVPs and new product launches.

Plato Data Intelligence offers many new and enhanced solutions leveraging AI and machine learning to curate data intelligence for users via its secure web3.0 platform

Bryan Feinberg, CEO of Plato Data Intelligence, commented: “Once we understood Vectara’s strength in retrieval, selecting Vectara was an easy choice, and we have been rewarded with a level of support from Vectara’s technical team that has met and exceeded all expectations especially as it relates to our strategy to collaborate with only best-in-class technology providers with low TCO and fast time-to-market solutions.”

To provide the most optimal and cost-effective solution for their end clients, PlatoAi undertook a large migration process, moving from a big cloud service provider to a smaller cloud hosting platform. This move decreased costs by over 70%, allowing Plato to focus on giving more content to platform end-users while operating in a more streamlined and profitable manner. The affinity for Vectara was felt strongly and early on, with features like cross-language understanding fueling their vertical content across languages. Vectara also acts as the main search mechanism of the content platform, delivering relevant results across all types of queries.

“Empowering innovative builders like Plato is why Vectara exists,” said Shawn Clink, Head of Strategic Sales at Vectara. “As an API-first GenAI platform, Vectara’s industry-leading, end-to-end approach to Retrieval Augmented Generation (RAG) allows companies to quickly extend their solutions to include Conversational AI, Question Answering, Semantic App Search, and Research & Analysis capabilities. We are excited about empowering Plato Data Intelligence with industry-leading capabilities to ensure their success both across their development and commercial environments.”

About Vectara

Vectara is an end-to-end platform that empowers product builders to embed powerful Generative AI features into their applications with extraordinary results. Built on a solid hybrid search core, Vectara delivers the shortest path to an answer or action through a safe, secure, and trusted entry point. Vectara is built for product managers and developers with an easily leveraged API that gives full access to the platform’s powerful features. Vectara’s Retrieval Augmented Generation (RAG) allows businesses to quickly, safely, and affordably integrate best-in-class conversational AI and question-answering into their application. Vectara never trains its models on customer data, allowing businesses to embed generative AI capabilities without the risk of data or privacy violations. To learn more about Vectara, visit https://www.vectara.com

About PlatoAi

PlatoAi is at the forefront of machine learning and AI technology, creating innovative solutions that transform how businesses engage with their audience. They specialize in advanced learning algorithms and AI-driven products. To learn more about Plato.ai visit https://PlatoAistream.com

Contact:
Bryan Feinberg CEO
Zephyr@Platodata.io

NSE is the world’s largest derivative exchange for fifth consecutive year: Ranks 3rd largest globally in equity segment in calendar year 2023

MUMBAI, INDIA, Jan 19, 2024 – (ACN Newswire) – NSE Group (National Stock Exchange of India and NSE International Exchange) has once again emerged as the world’s largest derivatives exchange group in calendar year 2023 by number of contracts traded based on statistics published by Futures Industry Association (FIA), a derivatives trade body.

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange for the fifth consecutive year in 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE).

The year has witnessed many milestones such as market capitalization of listed companies surpass USD 4 trillion, SME listed companies surpassed the Rs 1,00,000 crore mark and the Nifty 50 index surpassed the 20,000 index levels for the first time. The number of unique registered investors on the exchange surpassed 8.5 crores at the end of the calendar year.

NSE has witnessed year on year growth in number of clients traded for the 10th consecutive year beginning 2014 to 2023 in its equity segment. The year also saw record high turnover on single day in equity segment of Rs 167,942.47 crores on November 30, 2023, and Rs 381,623.12 crores on December 2, 2023, in the equity derivatives segment. The equity derivatives to cash market turnover ratio marginally declined this year from 2.86 in calendar year 2022 to 2.64 in calendar year 2023.

The equity segment completed its transition for settlement of all securities on T+1 basis. In the primary market, the timeline for listing of securities has been shortened to T+3 days.

Exchange launched the Social Stock Exchange as a segment this year which will facilitate the social enterprises (NPO and FPE) to showcase their work to a wider audience & mobilize funds through issuance of instruments such as Zero Coupon Zero Principal Bonds, thereby allowing participants to participate in philanthropic causes and bring in efficiency & transparency in the overall ecosystem. The segment has seen registrations by 42 Non-Profit Organizations (NPOs) and fund raising by one NPO.

In the commodity derivatives segment, the exchange has launched 21 new commodity derivatives contract including commodity options on futures contracts on underlying such as WTI Crude Oil, Natural Gas, Gold, Silver, and Base metals.

NSE International Exchange (NSE IX), commenced its full-scale operations of the NSE IX-SGX GIFT Connect from July 3, 2023, paving way for creating deeper liquidity pool for Nifty products at GIFT IFSC. GIFT NIFTY contracts are available for trading for almost 21 hours, which overlaps Asia, Europe, and US trading hours.

Shri Sriram Krishnan, Chief Business Development officer, NSE said, “Ranking 3rd in the equity segment and being the largest derivatives exchange demonstrates the strong capabilities of Indian capital market ecosystem on the global map. This will help attract new investors as well as fund flows to Indian markets, thereby aiding capital formation. I take this opportunity to thank Government of India, Securities and Exchange Board of India, Reserve Bank of India, Trading members, Investors, and all other stakeholders for their continued support.”

About National Stock Exchange of India Limited (NSE):

National Stock Exchange of India (NSE) is the world’s largest derivatives exchange by trading volume (contracts) as per the statistics maintained by Futures Industry Association (FIA) for calendar year 2023. NSE is ranked 3rd in the world in equity segment by number of trades (electronic order book) in 2023, as per the statistics maintained by World Federation of Exchanges (WFE). NSE was the first exchange in India to implement electronic or screen-based trading. It began operations in 1994 and is ranked as the largest stock exchange in India in terms of total and average daily turnover for equity shares every year since 1995, based on SEBI data. NSE has a fully integrated business model comprising exchange listings, trading services, clearing and settlement services, indices, market data feeds, technology solutions and financial education offerings. NSE also oversees compliance by trading, clearing members and listed companies with the rules and regulations of SEBI and the exchange. NSE is a pioneer in technology and ensures the reliability and performance of its systems through a culture of innovation and investment in technology.

For more information, please visit: www.nseindia.com

For any media queries please contact:

Arijit Sengupta – Chief Marketing and Communications Officer
Kumar Kartikey – Associate Vice President, Corporate Communications
Priyanka Roy – Senior Manager, Corporate Communications

Email ID: cc@nse.co.in

Enterprise Video Platform Developer Network Optix, Inc. Acquires Scailable BV and Its Innovative Cloud-to-Edge AI Deployment

Walnut Creek, Calif., Jan 19, 2024 – (ACN Newswire) – Network Optix, Inc. (Nx), a premier developer of enterprise video platforms, proudly announces the acquisition of Scailable BV, an innovative cloud-to-edge AI deployment and fleet management startup based in the Netherlands.

Scailable’s cutting-edge development, deployment, and management tools allow AI developers or data ops teams to seamlessly deploy AI models from the cloud to any edge hardware device, re-train them, and manage an infinite fleet of edge AI pipelines. This not only streamlines operations but does so while minimizing spent time, effort, and cost.

By integrating Scailable’s tools as a component of the Network Optix Video Platform, Network Optix and Scailable aim to supercharge the extraction of actionable intelligence from video, turning it into a powerful data sensor, accessible to anyone.

Data derived from video has become a crucial element in organizational and government operations, and plays a pivotal role in data-collection and automated decision-making used to optimize operational efficiency. Intelligent video has already solidified its presence in industries such as Manufacturing, Logistics, Smart City, Transportation, Data Operations, and many more (read more here).

With the incorporation of Scailable’s capabilities into the Network Optix Video Platform, Nx aims to empower developers and organizations to create and deliver customized and ever-evolving solutions, with a fraction of the resources.

“We are thrilled to welcome Scailable as the new member of our Nx global family,” said Nathan Wheeler, Chairman and CEO of Network Optix. “Their disruptive edge AI management software supercharges our enterprise video platform, empowering organizations and businesses worldwide to unlock the full potential of video data to drive innovation in operational intelligence.”

Prof. Dr. Maurits Kaptein, CEO of Scailable, added, “We are excited to join forces with Network Optix, bringing the benefits of edge AI – increased user privacy, reduced carbon footprints, and faster response times – to a global stage. Together, we can ensure real-time AI-generated insights on any video stream without the heavy and costly cloud processing.”

The combined solution is expected to be available to customers in Q3 2024.

About Network Optix: Network Optix is a premier enterprise video platform provider for security, transportation, smart city, and smart building markets. Our award-winning platform helps organizations improve security, protect assets, optimize operations, and reduce costs. Headquartered in Walnut Creek, California, Network Optix serves customers on every continent.

About Scailable BV: Scailable BV, founded in Eindhoven in 2020, is a Dutch company on a mission to make edge AI model management and deployment effortless and hardware agnostic. The Scailable AI manager enables the deployment of trained AI models over-the-air, without device-specific engineering, to various devices and chipsets, allowing AI solution developers to leverage specialized AI hardware without re-engineering their models or software.

To find out more, click here for the full Network Optix blog post.

Contact Information
Press and Media
media@networkoptix.com

SOURCE: Network Optix

View the original press release on newswire.com.

R.T. Weatherman Foundation Facilitates Meeting Between U.S. Veterans’ Families and Congress

Washington, DC, Jan 19, 2024 – (ACN Newswire) – In a powerful and unprecedented effort, the R.T. Weatherman Foundation has organized meetings in Washington, D.C., between the families of American military veterans who lost their lives in Ukraine and members of the United States Congress. This meeting is part of a broader effort to advocate for continued support for Ukraine in its struggle against Russian aggression.

Andrew Duncan, co-founder of the R.T. Weatherman Foundation, emphasized the importance of this meeting. “We are beyond honored and privileged to bring our fellow Americans to Washington, D.C. They have sacrificed their health and the families have paid the ultimate sacrifice in defense of Ukraine and global democracy. Vladimir Putin is wounding and killing Americans. Putin must leave Ukraine now.”

The event highlights the personal stories and sacrifices of the veterans and their families. It underscores the urgency of the conflict in Ukraine and its impact on American lives. The families, sharing their experiences and the memories of their loved ones, aim to shed light on the real consequences of the war and the importance of continued support from the U.S.

The R.T. Weatherman Foundation, known for its commitment to supporting families affected by the conflict in Ukraine, believes this meeting is a crucial step in raising awareness and garnering further support for the cause. The Foundation will hold a press conference on Friday, Jan. 19, to discuss.

About the R.T. Weatherman Foundation:

The R.T. Weatherman Foundation is a nonprofit organization that stands in the center of turmoil, taking risks that others cannot. We are the last-mile convener. We uncover the gaps and bring together the skills and resources for precision delivery of lifesaving aid and the safe passage of children and families.

Contact Information

Meaghan Mobbs
President
meaghan@weathermanfoundation.org
7034020373

Tori Hill
Director of Strategy, Programs, and Outreach
tori@weathermanfoundtion.org
407-755-7584

SOURCE: R.T. Weatherman Foundation

View the original press release on newswire.com.

Loop Industries Announces MOU For US$66 Million of Non-Dilutive Financing from Reed Management, as Part of a Joint Venture for European Infinite Loop(TM) Technology Roll-Out

MONTREAL, QUEBEC, Jan 19, 2024 – (ACN Newswire) – Loop Industries, Inc. (Nasdaq:LOOP) (the “Company” or “Loop”), a clean technology company whose mission is to accelerate a circular plastics economy by manufacturing 100% recycled polyethylene terephthalate (“PET”) plastic and polyester fiber, announced today that the Company signed a non-binding Memorandum of Understanding (“MOU”) with Reed, a European investment firm focused on high impact and technology-enabled infrastructure.

Loop and Reed intend to form a strategic long-term partnership through the establishment of a 50/50 joint venture (the “JV”) to commercialize Loop’s technology in Europe. Reed intends to provide financing of €60 million (US$66 million) in non-dilutive capital. Of this amount, US$33 million is to be provided to Loop as non-dilutive capital to fund Loop’s technology commercialization globally. The remaining US$33 million is to be invested in the JV.

The non-binding MOU is subject to customary due diligence and the fulfillment of certain pre-closing conditions. The transaction is expected to close by the end of March 2024.

Under the terms of the MOU, Reed will provide capital as follows:

US$11 million equity investment in the JV to acquire from Loop exclusive rights to co-invest alongside Loop in commercialization projects using Loop’s technology in Europe through the planned joint venture between Loop and Reed;
US$22 million loan from the JV to Loop in two equal tranches – first tranche paid at closing and second tranche paid in the following 12 months with both tranches having a 10% PIK rate and 3-year term;
US$33 million commitment to cover initial costs to develop projects in Europe, including Loop’s equity contribution to the previously announced JV to construct an Infinite LoopTM plant in Saint-Avold, France;
Any subsequent capital injections in the JV will be funded on a 50/50 basis between Reed and Loop.

The planned 50/50 JV will be formed to invest in projects across Europe to commercialize Loop’s technology. This partnership reflects the strong commitment on the part of both Reed and Loop to capitalize on the potential of the rapidly developing European market, with high demand being driven by the introduction of more stringent European plastic recycling regulations and commitments by global brands to achieve their sustainability targets.

The planned partnership with Reed leverages the in-depth industry experience of Reed’s leadership in the development and financing of infrastructure projects throughout Europe as well as their established financing relationships with major institutions. Reed’s experienced investment team is augmented by world-class industry leaders and operating partners with significant expertise in the infrastructure, climate change and investment industries, with a strong network of alliances of large cap companies in the energy, water and waste sectors.

This intended partnership allows for Loop Industries to reduce the funding needs for its equity contributions to support the rollout of an increased number of facilities to be constructed in the European market using the Infinite LoopTM technology. Loop Industries will receive royalty and engineering fees directly from the planned facilities in Europe.

Daniel Solomita, Founder and CEO of Loop Industries, commented “We are delighted to form a partnership with Reed, which has been a long-standing supporter of Loop’s groundbreaking technology. We believe that this partnership, which combines Reed’s extensive financing relationships and experience in the development of major capital projects with Loop’s innovative technology, will be invaluable in the next stage of Loop’s strategic development, and maximize our opportunity to penetrate the European market as brands adapt to increasingly stringent regulatory requirements for plastic recycling.”

“This model will also allow Loop to maximize shareholder value as Reed will co-invest in the equity for each Infinite LoopTM project in Europe, while Loop receives annual royalty fees and one-time engineering fees from each facility. In addition, the structure of the current planned financing will be accretive to shareholder value by minimizing initial equity dilution,” added Mr. Solomita.

About Reed Management SAS

Founded in 2023, Reed Management is a European investment firm focused on high impact and technology-enabled infrastructure. Led by Julien Touati, Reed Management is leveraging the multi-decade experience of its team and partners to support the scale-up of capital and technology intensive solutions enabling to shift essential infrastructure and deliver long-term, stable returns with a strong impact.

About Loop Industries

Loop Industries is a technology company whose mission is to accelerate the world’s shift toward sustainable PET plastic and polyester fiber and away from our dependence on fossil fuels. Loop Industries owns patented and proprietary technology that depolymerizes no and low-value waste PET plastic and polyester fiber, including plastic bottles and packaging, carpets and textiles of any color, transparency or condition and even ocean plastics that have been degraded by the sun and salt, to its base building blocks (monomers). The monomers are filtered, purified and polymerized to create virgin-quality LoopTM branded PET resin suitable for use in food-grade packaging and polyester fiber, thus enabling our customers to meet their sustainability objectives. LoopTM PET plastic and polyester fiber can be recycled infinitely without degradation of quality, successfully closing the plastic loop. Loop Industries is contributing to the global movement towards a circular economy by reducing plastic waste and recovering waste plastic for a sustainable future.

Common shares of the Company are listed on the NASDAQ Global Market under the symbol “LOOP.”

For more information, please visit www.loopindustries.com. Follow Loop on Twitter: @loopindustries, Instagram: loopindustries, Facebook: Loop Industries and LinkedIn: Loop Industries

Forward-Looking Statements

This news release contains “forward-looking statements” as defined in the U.S. Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words “intends,” “may,” “will,” “plans,” “expects,” “anticipates,” “should,” “could,” “projects,” “predicts,” “estimates,” “aims,” “believes,” “hopes,” “potential” or “continue” the negative of such terms or similar words. These forward-looking statements include, without limitation, statements about Loop’s market opportunity, its strategies, ability to improve and expand its capabilities, competition, expected activities and expenditures as Loop pursues its business plan, the adequacy of its available cash resources, regulatory compliance, plans for future growth and future operations, the size of Loop’s addressable market, market trends, and the effectiveness of Loop’s internal control over financial reporting. 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 Loop’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 among other things: (i) commercialization of our technology and products, (ii) our status of relationship with partners, (iii) development and protection of our intellectual property and products, (iv) industry competition, (v) our need for and ability to obtain additional funding relative to our current and future financial commitments, (vi) engineering, contracting, and building our manufacturing facilities, (vii) our ability to scale, manufacture, and sell our products in order to generate revenues, (viii) our proposed business model and our ability to execute thereon, (ix) the ability to obtain the necessary approvals or satisfy any closing conditions in respect of any of our proposed partnerships, (x) our joint venture projects and our ability to recover certain expenditures in connection therewith, (xi) adverse effects on the Company’s business and operations as a result of increased regulatory, media, or financial reporting scrutiny, practices, rumors, or otherwise, (xii) disease epidemics and other health-related concerns and crises, which could result in reduced access to capital markets, supply chain disruptions and scrutiny, embargoing of goods produced in affected areas, government-imposed mandatory business closures and any resulting furloughs of our employees, government employment subsidy programs, travel restrictions or the like to prevent the spread of disease, or market or other changes that could result in non-cash impairments of our intangible assets, and property, plant and equipment, (xiii) the effect of the continuing worldwide macroeconomic uncertainty and its impacts, including inflation, market volatility and fluctuations in foreign currency exchange and interest rates, (xiv) the outcome of any SEC investigations or class action litigation filed against us, (xv) our ability to hire and/or retain qualified employees and consultants, (xvi) other events or circumstances over which we have little or no control, and (xvii) other factors discussed in Loop’s subsequent filings with the Securities and Exchange Commission (“SEC”). More detailed information about Loop and the risk factors that may affect the realization of forward-looking statements is set forth in Loop’s filings with the SEC. Investors and security holders are urged to read these documents free of charge on the SEC’s web site at http://www.sec.gov. Loop assumes no obligation to publicly update or revise its forward-looking statements as a result of new information, future events or otherwise.

For More Information:

Investor Relations:
Kevin C. O’Dowd, Investor Relations
Loop Industries, Inc.
+1 617-755-4602
kodowd@loopindustries.com

Media Inquiries:
Andrea Kostiuk, VP Marketing & Communications
Loop Industries, Inc.
+1 (450) 951-8555
akostiuk@loopindustries.com

SOURCE: Loop Industries, Inc.