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D-Wave Quantum Inc. (NYSE: QBTS) Names New Board of Directors Member as Stock Price Hit 52-Week High

Posted on December 5, 2024 by MissionIR
  • The company’s share price recently reached a 52-week high, a significant milestone that reflects a period of robust trading and investor optimism.
  • D-Wave continues efforts to expand its board of directors with experienced tech executives to assist the company’s aggressive go-to-market strategy and accelerate adoption of its annealing quantum computing technology.
  • The latest board addition, Sharon Holt, is a veteran technology executive, investor and board director with extensive global industry experience.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has seen a remarkable share price surge in recent weeks, reporting a 52-week high. The price increase is a significant milestone for the company, reflecting a period of robust trading and investor optimism (https://ibn.fm/QBIw4).

To support its aggressive go-to-market efforts amid accelerating adoption of its annealing quantum computing solutions, D-Wave has added several key members to its board of directors in recent weeks, including John DiLullo and Rohit Ghai in October 2024. The latest addition, announced on Nov. 25, is Sharon Holt, a veteran technology executive, investor and board director with extensive global industry experience in semiconductors, embedded technologies and intellectual property (https://ibn.fm/ysqzY).

“We’re witnessing the onset of a new era of computation, as quantum shifts from an experimental technology to an essential solution for any organization looking to solve its toughest problems,” said Holt. “As the world’s first commercial quantum computing company, D-Wave is at the forefront of this quantum transformation, and I’m looking forward to supporting the company as it helps customers harness the power of quantum for measurable impact today.”

Throughout her career, Holt has had executive roles spanning business unit leadership, P&L ownership, business development, sales, marketing and engineering. Holt held executive roles at Agilent Technologies and HP and until 2016, she served as senior vice president and general manager of the semiconductor business group at Rambus Inc., a leading technology development and licensing company. Since 2016, she has served as a principal at Fraser Stuart Ventures, LLC, a private investment and advisory firm.

Holt also serves on the board of directors of Infinera Corp., a publicly traded supplier of intelligent transport network solutions, and previously served as chair of the board of directors of Immersion Corporation, a publicly traded developer of haptics technology for cell phones and other devices.

D-Wave board chair Steve West said the board was very excited to welcome Holt as a new member to assist the company’s efforts to fuel the global adoption of annealing quantum computing. “Her proven business leadership coupled with a background in successful go-to-market strategies are well-suited for maximizing impact of the company’s growth initiatives,” West said.

D-Wave CEO Dr. Alan Baratz said Holt’s addition to the board was perfectly timed to help the company capitalize on its unique position and advantages in the process of developing a profitable and solid business. “D-Wave’s opportunity is significant, supported by remarkable product development, rapidly growing customer adoption and ongoing scientific advancements,” said Dr. Baratz.

For more information, visit the company’s website at www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in D-Wave Quantum Inc. QBTS | Leave a comment

Thumzup Media Corp. (NASDAQ: TZUP) Is ‘One to Watch’

Posted on December 4, 2024 by MissionIR
  • Thumzup offers a unique platform designed to democratize the multi-billion-dollar social media marketing industry.
  • The company combines programmatic advertising with user-generated content to create high-impact campaigns.
  • Thumzup achieved 202% growth in advertisers on its platform through October 2024, showcasing strong traction.
  • Recent video integration with Instagram Reels enhances platform capabilities and expands advertiser options.
  • The company operates in a rapidly growing market with strong long-term growth potential, led by an experienced leadership team.

Thumzup (NASDAQ: TZUP) is at the forefront of modernizing the social media branding and marketing industry with its unique platform designed to connect advertisers directly with everyday social media users. The company’s mission is to empower individuals by turning their authentic social media activity into a monetizable asset while providing brands with cost-effective and impactful advertising solutions.

Through its flagship Thumzup platform, the company offers a seamless system where users post about participating advertisers and receive cash payments via Venmo or PayPal. Thumzup recently announced plans to integrate bitcoin as an additional payment option, expanding accessibility for gig economy workers.

By prioritizing accessibility and transparency, Thumzup is redefining traditional marketing strategies with an inclusive, user-driven approach. It is leveraging its scalable technology to disrupt the status quo, offering a win-win ecosystem for advertisers and users alike.

The company is headquartered in Los Angeles, California.

Products

Thumzup’s key offering, the Thumzup platform, features two integrated components: a sophisticated advertiser dashboard and an intuitive consumer-facing app. The advertiser dashboard provides companies with tools to design, manage and analyze campaigns.

On the consumer side, the Thumzup app allows users to participate in campaigns by posting approved content to their social media accounts. In exchange, users receive direct cash rewards.

Recent enhancements to the platform include the launch of video capabilities, enabling integration with Instagram Reels. This update allows advertisers to tap into the growing popularity of short-form video content, broadening campaign possibilities.

The platform not only incentivizes users but also delivers authentic, relatable content for advertisers, bridging the gap between grassroots engagement and effective campaign management.

Market Opportunity

The global social media advertising market is projected to reach $219.8 billion in 2024, with an expected annual growth rate of 3.86%, resulting in a market volume of $255.8 billion by 2028, according to Statista. Thumzup targets the intersection of this growth with the rise of micro-influencers and everyday social media users, a segment that remains largely untapped in the advertising ecosystem.

In October 2024, Thumzup achieved 202% year-over-year growth in advertisers on its proprietary platform, demonstrating significant traction and scalability. With plans for further expansion in both advertiser partnerships and user engagement, the company is well-positioned to capitalize on the growing demand for authentic and trust-building marketing strategies. As Thumzup integrates innovative features like video support and continues its geographic expansion, it is poised to capture a larger share of the rapidly growing social media advertising market.

Leadership Team

Robert Steele, Founder and Chief Executive Officer of Thumzup, has over 25 years of experience as a technologist and entrepreneur. He has successfully launched multiple companies, including iBrite, a pioneer in mobile software development. Mr. Steele’s leadership and innovative vision drive Thumzup’s mission to democratize the social media marketing industry.

Robert Haag, Director of Thumzup, is the Managing Member of Westside Strategic Partners LLC and a Managing Director at IRTH Communications. With decades of experience in financial communications, investment and corporate strategy, Mr. Haag provides critical guidance on strategic initiatives and business growth.

Dr. Joanna Massey, member of the company’s Board of Advisors, brings over 25 years of executive experience with Fortune 500 companies and startups to Thumzup. She has held senior roles in communications at Lions Gate Entertainment and CBS Corporation. Dr. Massey leverages her expertise to support Thumzup’s growth strategy.

For more information, visit the company’s website at www.ThumzupMedia.com.

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Thumzup Media Corp. TZUP | Leave a comment

MissionIRNewsBreaks – Thumzup Media Corp. (NASDAQ: TZUP) Announces Integration with X Corp. to Revolutionize Digital Advertising

Posted on December 3, 2024 by MissionIR

Thumzup Media Corp. (NASDAQ: TZUP) plans to integrate its innovative ad tech platform with X Corp. (formerly Twitter), expanding its reach to over 535 million monthly active users. This integration, expected by January 2025, complements Thumzup’s existing presence on Instagram, allowing unified campaign management, enhanced audience targeting, and user monetization through authentic brand endorsements. CEO Robert Steele highlighted the milestone as part of Thumzup’s aggressive growth strategy following its Nasdaq listing and $250,000 in user payouts for 25,000 Instagram posts. The integration will enable Thumzup to explore diverse advertising content unique to X, driving scalable, authentic engagement in the booming $1 trillion digital ad market.

To view the full press release, visit https://ibn.fm/fQIfC

About Thumzup Media Corp.  

Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.

For more information, visit the company’s website at https://www.thumzupmedia.com/

NOTE TO INVESTORS: The latest news and updates relating to TZUP are available in the company’s newsroom at https://ibn.fm/TZUP

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Thumzup Media Corp. TZUP | Leave a comment

D-Wave Quantum Inc. (NYSE: QBTS) Completes Q3 2024 with Key Product Milestones, New Partnerships and Technological Breakthroughs

Posted on December 3, 2024 by MissionIR
  • Among the most notable technical achievements was the completion of the calibration of a 4,400 qubit Advantage2(TM) processor, capable of solving much larger and complex problems with faster time-to-solution than earlier generation processors.
  • D-Wave earned “awardable” status on the U.S. Department of Defense’s Tradewinds buying platform, gaining increased visibility with U.S. government customers.
  • New partnerships and collaborations include working with NTT DOCOMO, Japan Tobacco Inc., Staque and the Chicago Quantum Exchange.

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, recently announced Q3 2024 business results, highlighting several key operational milestones and technological achievements, including new partnerships and developments in driving the adoption of quantum computing technology.

“Annealing quantum computing is continuing to drive the commercial adoption of quantum technology,” said Dr. Alan Baratz, CEO of D-Wave, in a company news release (https://ibn.fm/ZjaSa). “Organizations around the world – from Vinci Energies in Europe to NTT DOCOMO in Japan – are recognizing the value our technology can bring right now in fueling new discoveries, facilitating operational excellence and driving measurable outcomes.”

One of the most notable achievements was the recently completed calibration of a 4,400 qubit Advantage2 processor, a significant technical development milestone. With nearly four times more qubits than the previous Advantage2 prototype, with 1,200 qubits, this new processor is capable of solving much larger and complex problems with faster time-to-solution, increased qubit connectivity and a 40% increase in energy scale when compared to the prior generation Advantage processor.

As part of its quantum AI product roadmap efforts, D-Wave continues to make progress on exploring generative AI architectures that directly use quantum processing unit (“QPU”) samples from quantum distributions, with the goal of supporting faster and more energy-efficient model training and inference.

D-Wave also continued implementing its go-to-market growth strategy, launching the quantum optimization market category with a collection of website content and assets that showcase key use cases such as workforce and production scheduling, vehicle routing, resource optimization, and cargo loading. To further help drive the company’s next phase of growth and the continued commercial adoption of quantum computing, D-Wave expanded its executive leadership with a new chief human resources officer, Sophie Ames, and three new board members, John DiLullo, Rohit Ghai and Sharon Holt.

Other notable business updates include:

  • D-Wave earning “awardable” status on the U.S. Department of Defense’s Tradewinds buying platform, which is designed to accelerate the procurement and adoption of emerging technologies.
  • D-Wave’s annealing quantum computing solutions being used by Japan’s largest mobile phone operator, NTT DOCOMO, in the production deployment of a hybrid-quantum application, for the optimization of mobile network performance.
  • A new collaboration with Japan Tobacco Inc. to build a proof-of-concept that leverages quantum computing technology and AI in the drug discovery process.
  • A strategic partnership with Staque, designed to accelerate the commercial adoption of annealing quantum computing in the Middle East. The partnership was announced at the first-ever Qubits UAE users’ event in Dubai, a tailored version of D-Wave’s annual Qubits user conference.
  • Joining the Chicago Quantum Exchange (“CQE”) as a corporate partner, aiming to engage with the CQE community on materials science research, quantum education, and the development of practical optimization use cases.

For more information, visit the company’s website at www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in D-Wave Quantum Inc. QBTS | Leave a comment

Annovis Bio Inc. (NYSE: ANVS) to Present Recent Achievements and 2025 Strategic Outlook During Upcoming Live Investor Webcast

Posted on December 3, 2024 by MissionIR
  • The webcast led by Annovis’ Founder, President and CEO, Maria Maccecchini, Ph.D., will take place on Dec. 11, at 4:30 p.m. EST.
  • Dr. Maccecchini will provide a comprehensive view of the company’s recent achievements along with strategic initiatives for 2025, followed by a Q&A session.
  • The company recently received FDA clearance to proceed with a pivotal Phase 3 Alzheimer’s disease program for lead drug candidate buntanetap, set to begin in early 2025.

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company pioneering transformative therapies for neurodegenerative diseases such as Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), will hold a live investor webcast on Dec. 11, 2024, at 4:30 p.m. EST, to provide key operational highlights and year-end clinical updates (https://ibn.fm/69VpQ).

The investor webcast will be led by Annovis’ CEO, Maria Maccecchini, Ph.D., who will share a comprehensive update on the company’s recent achievements, ongoing clinical programs and strategic initiatives for 2025.

Key topics addressed during the webcast will include:

  • Clinical Progress: Updates on Phase 3 studies for AD and PD.
  • Regulatory Milestones: Insights into interactions with the U.S. Food and Drug Administration (“FDA”) and upcoming submissions.
  • Financial Overview: Summary of the company’s financial health and funding strategies.
  • Strategic Outlook: Plans for advancing neurodegenerative disease therapies in the coming year.

The company recently received FDA clearance to proceed with a pivotal Phase 3 study for buntanetap in early AD, set to begin in Q1 2025. The FDA clearance came after the company presented encouraging results of a recently completed Phase 2/3 AD study which showed that buntanetap significantly improved cognition in patients with early AD by 3.3 points on the ADAS-Cog11 test after three months of treatment, compared to a 0.3-point improvement in the placebo group.

Buntanetap is an innovative drug that targets multiple pathways involved in neurodegenerative diseases by inhibiting the production of neurotoxic proteins that lead to the death of neurons, thereby slowing or stopping disease progression.

A separate Phase 3 PD clinical trial indicated that buntanetap led to significant improvements in motor skills, daily functions and cognition in the per protocol PD population. The drug also halted cognitive decline in the intent-to-treat population. The company is now preparing for a meeting with the FDA to align on the next steps for its PD program, to be held in Q1 2025.

“Our priority is to bring a safe and effective treatment to patients, and we are committed to ensuring the next clinical trials are executed at the highest standards to attain an expedited NDA submission,” Dr. Maccecchini said in a recent episode of IBNs’ The BioMedWire Podcast (https://ibn.fm/E592U).

Investors and parties interested in attending the webcast on Dec. 11 can register in advance (https://ibn.fm/Qb3Es). During the event’s Q&A session, the Annovis CEO will also answer as many questions as possible, and participants are encouraged to submit their inquiries in advance via email at ir@annovisbio.com.

For more information about the company, visit www.AnnovisBio.com, and social channels LinkedIn, X, and YouTube.

NOTE TO INVESTORS: The latest news and updates relating to ANVS are available in the company’s newsroom at https://ibn.fm/ANVS

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Annovis Bio Inc. ANVS | Leave a comment

Financial Discipline and EM Client Expansion Drive Q3 Improvements for SuperCom Ltd. (NASDAQ: SPCB)

Posted on December 2, 2024 by MissionIR
  • SuperCom’s superior electronic monitoring (“EM”) technology is highly competitive when it comes to tracking house arrest subjects and domestic violence offenders, allowing the company to expand its client base and revenue performance this year
  • Israel-based SuperCom is improving law enforcement agencies’ capacity to monitor offenders on supervised release as a community-building and budget-conscious alternative to incarceration and to help reduce recidivism
  • The company recently reported third-quarter financial information, including data on YoY revenue growth from $20.9 million to $21.3 million in the first 9 months and $6.78 million to $6.91 million during Q3. Also, the company reported on YoY EBITDA growth from $3.7 million to $4.6 million in the first 9 months.
  • SuperCom’s recent client contract wins have included expansion into various states in North America, plus over $13.5 million in projects for European governments

Electronic monitoring (“EM”) technology developer SuperCom (NASDAQ: SPCB) reported the success of its international expansion initiatives recently in a Q3 earnings call that included details about increased revenue and gross profit margin.

SuperCom has developed EM technology under its PureSecurity platform, which offers competitive performance improvements over legacy services in domestic violence offender tracking, house arrest monitoring, and other critical GPS-based tracking applications.

The company’s production of a device with a battery life of up to one year without recharging makes it particularly attractive to clients. In addition, its sleek, unobtrusive visuals further the industry’s aim of helping offenders and accused individuals reintegrate into society and avoid reoffending rather than being incarcerated in an overcrowded and costly prison system.

SuperCom’s Nov. 14 report highlighted its ongoing increase in revenue to $21.3 million for the first nine months of the year, as well as a dramatic improvement in gross profit margin to 50.1% from 30.7% on a year-over-year basis (https://ibn.fm/zYuPj).

“Our financial results for the third quarter and the first nine months of 2024 reflect the successful execution of our strategic initiatives, which have been driving revenue growth, improving profitability and enhancing cash flow,” SuperCom President and CEO Ordan Trabelsi stated (https://ibn.fm/4j0E1). “This quarter was particularly exciting as we solidified our leadership position with key contract wins, including the prestigious National Israeli Electronic Monitoring project. We also expanded into new regions, including New York, West Virginia and Maryland, further strengthening our footprint in the U.S. market.”

The Israeli Prison Service state agency (“IPS”) project will allow authorities to monitor an estimated 1,500 enrollees nationwide in all of the country’s EM offender programs for five years (already underway), with an option to extend the contract for four additional periods of one year.

SuperCom’s use of GPS and RFID technology allows trackers to see the movements of supervised individuals in three dimensions, with elevation data incorporated into information on where someone is located on a grid plane. That ability is particularly useful when the monitored subject is in a high-rise apartment or office building.

The technology notifies authorities if boundaries are trespassed by the monitored individuals and can also notify identified potential victims via smartphone, giving them an opportunity to take preventative or defensive measures in a timely fashion.

The Q3 report also notes that the company has reversed an operating loss to finish with an operating income of $1.13 million, evidence of the company’s financial discipline.

“The U.S. market moves faster than Europe, often involving counties and resellers rather than national projects. This requires more feet on the ground due to the fragmented market,” Trabelsi said. “We are focused on maintaining profitability while optimizing our cash use and sales efforts. We have seen growth even as we work efficiently with our capital.”

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

MissionIRNewsBreaks – McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Poised to Tap Explosive Growth of AI Industry

Posted on November 27, 2024 by MissionIR

McEwen Mining (NYSE: MUX) (TSX: MUX) is positioned for opportunity as artificial intelligence is rapidly reshaping the landscape of economies around the world. “Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade… As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry,” reads a recent article.

“McEwen Mining (NYSE: MUX) (TSX: MUX) is well poised to benefit from the tailwinds arising from the explosive growth of the AI industry. For example, the company has a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, which is one of the world’s largest and most economically robust undeveloped copper projects.

“Given the skyrocketing demand for copper and the anticipated supply shortages in the coming decades, McEwen’s copper resource alone could be a game-changer. The ongoing geopolitical tensions and the drive to develop critical metals’ supply lines outside of those controlled by China and its allies makes the gold and silver extraction operations of McEwen Mining in the Americas better positioned to tap the AI revolution for years and decades to come.”

To view the full article, visit https://ibn.fm/76R9i

About McEwen Mining Inc.
McEwen Mining is a gold and silver producer with operations in Nevada, Canada, Mexico and Argentina. In addition, it owns approximately 47.7% of McEwen Copper, which owns the large, advanced-stage Los Azules copper project in Argentina. The company’s goal is to improve the productivity and life of its assets with the objective of increasing its share price and providing a yield. Rob McEwen, MUX’s chairman and chief owner, has personally provided the company with $220 million and takes an annual salary of $1.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
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www.MissionIR.com
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Editor@MissionIR.com

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Posted in McEwen Mining Inc. MUX | Leave a comment

AI Boom Transforms Nearly 150-Year Old Japanese Firm into the Country’s Hottest Stock

Posted on November 27, 2024 by MissionIR

The current boom in AI has turned a previously little-known Japanese company into a star on the stock market. Fujikura, which has been in existence for the past 139 years, has shot to fame because of its longstanding excellence in making cables for data centers.

Since the beginning of this year, the shares of this company have seen a whopping 400% rise in value. Consequently, Fujikura is top of the best performing stocks on the Stock Average Index of the Nikkei 225. Because of this stellar performance, the company made its debut on the MSCI’s worldwide standard indexes. This is a notable feat given that Fujikura is the sole enterprise from Japan to be included while eight companies from the country lost their positions on this prestigious listing the same day that the data center cable maker made its entry.

During the California Gold Rush in the 1840s to 1850s, fortunes were made by firms that sold shovels and picks; the tools used to dig up the earth in the quest for gold. Fujikura can be seen in the same light. Tech companies are racing to build out their data center capacity in order to claim a share of the growing market for AI solutions, and Fujikura is providing the highly sought-after cabling needed to wire those data centers and connect them to the power grid.

So, why is this little-known Japanese company suddenly attracting so much attention? The answer lies in three words, fiber optic cables. Fujikura manufactures fiber optic cables, and the company has earned a remarkable industry-wide reputation for producing cables having the smallest diameter. So far, no other firm beats Fujikura at this. Consequently, the firm’s cables have risen in demand because companies building data centers can install these cables without doing any extra tunneling.

The company’s CFO, Kazuhito Iijima, says the demand for their products started rising back in 2022. He reveals that the company didn’t immediately know why so many data centers were being constructed at the time and it was only this year that it dawned upon them that artificial intelligence requirements were behind this surge.

Bloomberg News analysts say at least a trillion dollars will be invested in constructing communications networks, data centers and setting up power supplies for the AI industry. McKinsey & Company forecasts a 33% yearly growth in data center demand around the world until 2030. These projections show that companies like Fujikura are well positioned to benefit from this boom in AI.

Other companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) that extract minerals like gold and copper, critical for establishing AI infrastructure, could also see their revenues grow significantly as the artificial intelligence industry continues to require more resources.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
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www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

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State’s Juvenile Detention Problems Highlight Need for SuperCom Ltd. (NASDAQ: SPCB) EM Tracking Solution

Posted on November 27, 2024 by MissionIR
  • The state of Illinois has been struggling with the need to find space in juvenile detention facilities for offenders, due to the state’s problems with staffing levels, quality of services, and watchdog complaints about the quality of juvenile detention facilities and services
  • The state is now using electronic monitoring (“EM”) as a must-have alternative to the shuttered or reduced detention facilities
  • Israel-based SuperCom is a global leader in EM technology innovations that provide greater security, discretion and functionality than industry-standard tracking models
  • SuperCom has secured a number of significant contracts during the past year, adding to the reputation the company has been building since 1988

A dearth of confinement options for juvenile crime suspects in Illinois highlights the importance of effective electronic monitoring (“EM”). Amid concerns about lax standards, staffing shortages, a fatal shooting, and hundreds of child abuse allegations involving juvenile detention centers that have been shuttered throughout the state (https://ibn.fm/hKWKY), Illinois court officers are turning to EM technology as their only option.

Two recent cases note juveniles were arrested because of concerns about violent behavior — one involving gun violations (https://ibn.fm/BEpRq) and another involving threats against a school administrator and fellow students (https://ibn.fm/DaO1l).

EM technology innovator SuperCom (NASDAQ: SPCB) is building clientele worldwide thanks to its strong reputation for competitive products and services that respond to the type of need being so urgently demonstrated in Illinois.

SuperCom’s end-to-end solution is an improvement over the bulky ankle monitors that have become the industry standard. Its GPS tracking technology is a sleek, waterproof design that can be worn discreetly while providing the means for reliable offender tracking and 24/7 monitoring, as well as seamless notification to authorities and identified potential victims through common smartphone functionality.

The solution — the PureSecurity platform — tracks the monitored individuals’ location in real-time, including a three-dimensional footprint based on elevation measurement, while also monitoring the location of participating victims in cases such as domestic violence incidents.

The company has announced several new contracts in the United States and Europe during the past year and has served over 50 governments and 100,000 individuals since its founding in 1988.

On Nov. 14, SuperCom discussed its financial results for the third quarter during a conference call with investors (https://ibn.fm/1anLt). Earlier, during a recent appearance at a micro-cap conference, company executives highlighted a $32 million project in Romania. SuperCom President and CEO Ordan Trabelsi stated the contract is “substantial” because Romania has some 15,000 offenders that will be monitored through the program, and it is moving toward establishing the contract as a reference point for other potential clients.

“If you put someone on house arrest, you’re saving 90% of the costs, direct costs (of incarceration),” Trabelsi said during the conference (https://ibn.fm/p7tb5). “Over half a percent of the U.S. is in prison. That’s a very high rate; certainly not effective, not cost-effective, and not effective in terms of increasing public safety.”

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

MissionIRNewsBreaks – Platinum Group Metals Ltd. (NYSE American: PLG) (TSX: PTM) Advances Plans for Saudi-Based PGM Smelter and Refinery

Posted on November 27, 2024 by MissionIR

Platinum Group Metals (NYSE American: PLG) (TSX: PTM) has signed a memorandum of understanding (MOU) with Ajlan & Bros Company for Mining and Saudi Arabia’s Ministry of Investment (MISA) to explore the development of a platinum group metals smelter (“PGM Smelter”) and base metal refinery (“BMR”) in Saudi Arabia. The initiative supports Saudi Arabia’s Vision 2030 by fostering the mining and minerals sector as a key economic pillar. Building on a 2023 Cooperation Agreement with Ajlan, the project includes a global PGM concentrate market study, a feasibility study, and potential for a 50:50 joint venture. The project aims to process Waterberg Project concentrate from South Africa, supplemented by end-of-life catalysts and other regional materials, pending long-term export approvals from South Africa.

To view the full press release, visit https://ibn.fm/ZLyOF

About Platinum Group Metals Ltd.

Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Platinum Group Metals Ltd. PLG | Leave a comment