MICT

GE HealthCare Highlights Commitment to Delivering Better Patient Experiences and Outcomes Through Deep Learning at RSNA 2023

Retrieved on: 
Wednesday, November 29, 2023
FDA, Health Technology, Data Management, Other Health, Technology, Radiology, Oncology, Medical Devices, Hospitals, Artificial Intelligence, Cardiology, Science, Software, Other Science, Research, Health, Lung, RSNA, Time of flight, Pulmonary embolism, PET/CT, AIR, Google Images, Patient, Neurology, Artificial intelligence, MICT, Workflow, Molecular imaging, DNN, Deep learning, Diagnosis, 3D, MRI, Experiential learning, AI, Noise, GE HealthCare, Medical imaging

When diagnosing patients in areas where every second counts, like neurology, oncology and cardiology, clinicians need fast, clear and reliable imaging technologies.

Key Points: 
  • When diagnosing patients in areas where every second counts, like neurology, oncology and cardiology, clinicians need fast, clear and reliable imaging technologies.
  • GE HealthCare is committed to using deep learning to accelerate and improve diagnostics through efficient workflows and faster exam times.
  • These include:
    True Enhance DLii uses a dedicated Deep Neural Network (DNN) designed to generate deep learning-based monochromatic-like images from single-energy X-ray.
  • For more information on GE HealthCare and these innovative solutions at RSNA, visit Booth 7326 or the RSNA 2023 events page .

Tingo Group Announces Appointment of Interim Co-Chief Executives and Independent Director

Retrieved on: 
Monday, September 18, 2023
Hindenburg Research, Communication, Interim, Hindenburg, Investigation, History, Credit Suisse, MICT, Audit committee, Goldman Sachs, Private limited company, Retirement, Acquisition, Work, TIO, Happiness, Growth, Digital, Family, Retail, Management, Video game, Tingo District

Mr. Denos has served as a director of Tingo since its acquisition of Tingo Mobile in November 2022, and an executive of Tingo Mobile’s prior parent company, Agri Fintech Holdings, Inc. (formerly known as Tingo, Inc.) since August 2021.

Key Points: 
  • Mr. Denos has served as a director of Tingo since its acquisition of Tingo Mobile in November 2022, and an executive of Tingo Mobile’s prior parent company, Agri Fintech Holdings, Inc. (formerly known as Tingo, Inc.) since August 2021.
  • In addition, the Company is pleased to appoint Jamal (Jamie) Kurshid as an independent member of the Board of Directors.
  • Mr. Kurshid’s appointment follows the retirement of Robert Benton as independent member of the Board and Chair of the Audit Committee.
  • His vision and belief in acquiring Tingo Mobile and Tingo Foods has added immense value to the Company’s shareholders.

Tingo Mobile Signs Exclusive Agreement with Prime Commodity Exchange (PCX) and All Farmers Association of Nigeria (AFAN), Securing Considerable Produce Supply, Nationwide Warehousing Facilities and Enhanced Commodity Trading Opportunities

Retrieved on: 
Wednesday, April 26, 2023
Agreement, Partnership, Food, Farmer, MICT, Sale, Tingo District, TIO, Growth, Ecosystem, PCX, Early warning system, Food security, Empowerment, Warehouse, Agriculture

MONTVALE, N.J., April 26, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that its wholly owned subsidiary, Tingo Mobile Limited (“Tingo Mobile”) has entered into a tri-partite agreement (the “Agreement”) with Prime Commodity Exchange (“PCX”) and All Farmers Association of Nigeria (“AFAN”).

Key Points: 
  • AFAN’s warehouses are typically a minimum of 200 square meters in size, and mainly used for storing crops and agricultural produce for its farmers.
  • In addition to a charge for storage in the warehouses, Tingo Mobile plans to sell additional value-added services, including those related to goods handling, re-pack, freight, and inventory management.
  • Tingo Mobile also has the right to sub-let space in the warehouses to pre-approved third parties, which it believes will become a significant additional source of profitable income.
  • “The components of today’s agreement further augment our seed-to-sale model and enhance the financial upliftment and empowerment of our farmers.

Tingo Group Regains Compliance with Nasdaq Minimum Bid Price Rule

Retrieved on: 
Thursday, April 13, 2023
Tingo District, Rule, TIO, MICT, Cryptocurrency, Auction

MONTVALE, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Tingo that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.

Key Points: 
  • MONTVALE, N.J., April 13, 2023 (GLOBE NEWSWIRE) -- Tingo Group, Inc. (NASDAQ: TIO) (“Tingo” or the “Company”) announced today that it has received a Bid Price Compliance Letter from The Nasdaq Stock Market LLC ("Nasdaq") informing Tingo that it has regained compliance with the minimum bid price requirement under Nasdaq Listing Rule 5550(a)(2) for continued listing on The Nasdaq Capital Market.
  • As announced on Monday, April 10, 2023, Tingo was previously notified by Nasdaq that it was not in compliance with the minimum bid price rule because its common stock failed to meet the closing bid price of $1.00 or more for 30 consecutive business days, as required by the Nasdaq Listing Rules.
  • To regain compliance with the Rule, the Company was required to maintain a minimum closing bid price of $1.00 or more for at least 10 consecutive trading days.
  • This requirement was met on April 12, 2023, the tenth consecutive trading day of MICT’s common stock bid price closing above $1.00.

Tingo Group, Inc. Provides Corporate Update to Stockholders

Retrieved on: 
Monday, April 10, 2023
Letter, Calendar, MICT, Acquisition, TIO, Auction, Cryptocurrency

The Company has been given 180 calendar days to regain its compliance and achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days.

Key Points: 
  • The Company has been given 180 calendar days to regain its compliance and achieve a closing bid price of at least $1.00 per share for a minimum of ten consecutive trading days.
  • As the position stands today, our bid price has closed at higher than $1.00 for the past eight consecutive trading days.
  • “With the Company’s Pro Forma Consolidated Revenues for 2022 amounting to $1.152 billion and its Pro Forma Consolidated Operating Income for 2022 amounting to more than $550 million, the previously mentioned substantial disconnect between our stock price and financial performance remains clear.
  • “As explained previously, and updated on during our earnings call on March 31, 2023, we are implementing a number of strategies to address the considerable disconnect in our share price.

South Africa Introduces EMEA’s First National Qualification in Robotic Process Automation to Support Tech Skills Creation

Retrieved on: 
Tuesday, March 14, 2023
Professional Services, Education, Other Professional Services, Technology, Other Technology, Software, Training, National qualifications framework, Fourth Industrial Revolution, Research, NYSE, TFG, Data analysis, RPA, Artificial intelligence, ICT, Information, University, ROI, Unemployment, Workforce, Student, MICT, NQF, Growth, Automation, Robotic process automation, Employment, Presidential commission (United States), Workplace, Management, Nursing, UiPath, African

UiPath (NYSE: PATH), a leading enterprise automation software company, has collaborated with the Media, Information and Communication Technologies Sector Education and Training Authority (MICT SETA) in South Africa to develop the first national qualification in Robotic Process Automation (RPA) in the Europe, Middle East, and Africa region.

Key Points: 
  • UiPath (NYSE: PATH), a leading enterprise automation software company, has collaborated with the Media, Information and Communication Technologies Sector Education and Training Authority (MICT SETA) in South Africa to develop the first national qualification in Robotic Process Automation (RPA) in the Europe, Middle East, and Africa region.
  • “Automation adoption has led to the creation of new roles; however, the need for qualified automation talent is acute.
  • For this reason, the introduction of the national qualification in RPA is well positioned to help address the current shortage of RPA skills in South Africa.
  • Further, being a recognised qualification, means that it builds on the individuals’ educational achievements,” said Ugan Maistry, CEO, FIRtech.

MICT Announces Rebranding and Name Change to Tingo Group, Inc.

Retrieved on: 
Friday, February 24, 2023
MICT, Insurance, TIO, Growth, Symbol, Pan Africa Christian University, Cryptocurrency, Visa, Tingo District

MONTVALE, N.J., Feb. 24, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) announced today that it is changing its name to Tingo Group, Inc. effective prior to the market open on Monday, February 27, 2023. The ticker symbol “MICT” will change to “TIO” and the stock will continue to trade on the Nasdaq Capital Market.

Key Points: 
  • Stock Symbol to Change to NASDAQ: TIO
    MONTVALE, N.J., Feb. 24, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) announced today that it is changing its name to Tingo Group, Inc. effective prior to the market open on Monday, February 27, 2023.
  • The ticker symbol “MICT” will change to “TIO” and the stock will continue to trade on the Nasdaq Capital Market.
  • In conjunction with the change of name and ticker, the Company will launch a new Investor Relations website in the coming days, at tingogroup.com , which will be complemented by a corporate website in the near future.
  • The Company’s change of name reflects this and also provides improved clarity to our external stakeholders, including current and prospective partners, customers, and investors.

MICT, Through its Wholly Owned Subsidiary Tingo Foods Plc, Signs Partnership Agreement with Evtec Energy Plc to Build Zero Emission Solar Energy Plant to Power Food Processing Facility

Retrieved on: 
Wednesday, February 22, 2023
MICT, Carbon, Credit Suisse, Food, Delta, ESG, Partnership, Tea, JPMorgan Chase, Tingo District, United, Sustainable energy, Chocolate, Coffee, Power purchase agreement, PPA, Renewable energy

MONTVALE, N.J., Feb. 22, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) announced today that its wholly owned subsidiary, Tingo Foods Plc (“Tingo Foods”), has entered into a partnership with Evtec Energy Plc (“Evtec Energy”), who have committed to build a $150 million net zero carbon emission solar plant to provide a sustainable and low-cost energy source to power Tingo Foods’ multi-billion dollar food processing facility announced on February 9, 2023.

Key Points: 
  • The state-of-the-art $1.6 billion Tingo Foods processing facility in the Delta State of Nigeria is scheduled to be completed by the end of the first half of 2024.
  • By constructing its own on-site 110 megawatt solar power plant using the advanced energy-tech of Evtec Energy and utilizing the technology of TAE Power Solutions Limited (“TAE Power”), Tingo Foods expects its food processing facility to achieve net zero carbon emissions while also benefiting from considerable energy cost savings.
  • Under the terms of the partnership, Tingo Foods will enter into a Power Purchase Agreement (PPA).
  • Additionally, through their partnership and collaboration, Tingo Foods, Evtec Energy and their technology partner TAE Power will explore similar projects throughout Nigeria and Sub-Saharan Africa.

Visa and Tingo Mobile, an MICT subsidiary, Launch Partnership to Promote Financial Inclusion and Expand Access to Digital Payment Channels Across Africa

Retrieved on: 
Tuesday, February 14, 2023
MICT, Farmer, Small and medium-sized enterprises, NYSE, Travel, Acquisition, Pension, SME, Agriculture, Head, Kingdom, Partnership, Online shopping, Visa

MONTVALE, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”), through its wholly-owned subsidiary Tingo Mobile, and Visa (NYSE: V), the global leader in digital payments, today announced the launch of their pan-African strategic partnership, which aims to improve access to digital payments and financial services, and drive financial inclusion across Africa. The launch of the Tingo Visa card, together with the new TingoPay Super App and the TingoPay business portal, opens significant global opportunities to Tingo’s subscribers, allowing secure cashless payments at more than 61 million merchants in over 200 countries through Visa’s global network, as well as the ability for business subscribers to more readily and securely accept payments from customers and other third parties.

Key Points: 
  • MONTVALE, N.J., Feb. 14, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT”), through its wholly-owned subsidiary Tingo Mobile, and Visa (NYSE: V), the global leader in digital payments, today announced the launch of their pan-African strategic partnership, which aims to improve access to digital payments and financial services, and drive financial inclusion across Africa.
  • The Tingo Visa card’s interface with the TingoPay super app and e-wallet allows customers to use their digital money easily and securely for both online and physical payments anywhere Visa is accepted.
  • The Tingo Visa partnership and TingoPay are also expected to deliver significant benefits to businesses, in particular farmers and other Small and Medium Enterprises (SMEs) across all sectors.
  • We are proud to partner with Tingo Mobile and support their ambitions to bring more Africans into the financial system with relevant digital solutions.”

MICT to Revolutionize Africa’s Food Industry Through Wholly Owned Subsidiary, Tingo Foods, and Commitment to Develop Multi-Billion Dollar Food Processing Facility

Retrieved on: 
Thursday, February 9, 2023
United, Tea, Empowerment, Ecosystem, Farmer, Carbon, Acquisition, Chocolate, Coffee, Delta, Local government, Sale, MICT, Partnership, Food, Continent, Growth, Agriculture, Tingo District, African

MONTVALE, N.J., Feb. 09, 2023 (GLOBE NEWSWIRE) -- MICT, Inc. (NASDAQ: MICT) (“MICT” or the “Company”) announced today that it has entered into a corporate transaction giving it ownership of 100% of Tingo Foods PLC (“Tingo Foods”), which has successfully developed a food processing business with a current capacity to process and wholesale more than $1 billion of food produce per annum. Through a joint venture, Tingo Foods has also committed to build and operate a state-of-the-art $1.6 billion food processing facility in the Delta State of Nigeria. With build, fitout and commissioning scheduled for completion by the end of the first half of 2024, the new facility is expected to multiply the size of the Company’s processing capacity and revenues, while also materially expanding its capacity for the offtake of produce from its farmers and increasing its supply into MICT’s commodity trading platform and export business.

Key Points: 
  • Through a joint venture, Tingo Foods has also committed to build and operate a state-of-the-art $1.6 billion food processing facility in the Delta State of Nigeria.
  • Tingo Foods currently has the ability to produce and wholesale processed foods such as rice, millet, pasta and noodles.
  • The Tingo Foods transaction will not result in any new issuance of MICT common stock, nor of any instruments convertible into shares of the Company.
  • Our ecosystem from seed to sale is significantly strengthened through Tingo Foods and leaves us very excited about the prospects for MICT shareholders as we move forwards.”