ITS

Spectral Medical Inc. Announces C$8.5 Million Bought Deal Convertible Note Financing

Retrieved on: 
Thursday, May 9, 2024

TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- Spectral Medical Inc. (TSX:EDT) (the "Company" or "Spectral"), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the "Underwriter"), in connection with a bought deal private placement consisting of the sale of 9% convertible notes of the Company (the "Convertible Notes") at a price of US$1,000 per Convertible Note due on May 1, 2028 (the "Maturity Date") for gross proceeds of approximately C$8.5 million (the "Offering"). The holders of the Convertible Notes may convert all or any portion of the Convertible Notes into common shares of the Company (the "Common Shares") at a conversion price of C$0.52 per Common Share, subject to customary anti-dilution adjustments and in integral multiples of US$1,000 principal amount at any time prior to the Maturity Date. The Convertible Notes are convertible into approximately 16.4 million Common Shares (or approximately 18.8 million Common Shares if the over-allotment option, as described below, is exercised in full), subject to customary anti-dilution and make whole fundamental change adjustments.

Key Points: 
  • TORONTO, May 09, 2024 (GLOBE NEWSWIRE) -- Spectral Medical Inc. (TSX:EDT) (the "Company" or "Spectral"), is pleased to announce that it has entered into an agreement with Paradigm Capital Inc. (the "Underwriter"), in connection with a bought deal private placement consisting of the sale of 9% convertible notes of the Company (the "Convertible Notes") at a price of US$1,000 per Convertible Note due on May 1, 2028 (the "Maturity Date") for gross proceeds of approximately C$8.5 million (the "Offering").
  • The holders of the Convertible Notes may convert all or any portion of the Convertible Notes into common shares of the Company (the "Common Shares") at a conversion price of C$0.52 per Common Share, subject to customary anti-dilution adjustments and in integral multiples of US$1,000 principal amount at any time prior to the Maturity Date.
  • The Convertible Notes are convertible into approximately 16.4 million Common Shares (or approximately 18.8 million Common Shares if the over-allotment option, as described below, is exercised in full), subject to customary anti-dilution and make whole fundamental change adjustments.
  • The net proceeds from the Offering are expected to be primarily used by the Company on its Phase III registration trial (Tigris) for its PMX treatment for endotoxemic septic shock and for general corporate and working capital purposes.

New Silk Road Investment Appoints Northern Trust to Provide Outsourced Trading Solutions

Retrieved on: 
Wednesday, May 8, 2024

Northern Trust (Nasdaq: NTRS) today announced that it has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager.

Key Points: 
  • Northern Trust (Nasdaq: NTRS) today announced that it has been selected to provide outsourced trading via its Integrated Trading Solutions (ITS) for New Silk Road Investment Pte Ltd., a Singapore-based investment manager.
  • Founded in 2009, New Silk Road invests in Asian companies with the goal to achieve long-term returns.
  • In addition to the new remit for trading services, Northern Trust continues to provide global custody services for New Silk Road funds which it has done since 2011.
  • “New Silk Road came to us looking for a solution to help navigate cross-border trading challenges amidst a changing market structure in North America,” said Yen Leng Ong, Country Executive, Southeast Asia, Northern Trust.

Quarterhill Announces Sponsorship and Participation at IBTTA Technology Summit

Retrieved on: 
Sunday, May 5, 2024

Quarterhill will showcase its advanced roadside and back-office tolling solutions at this year's technology summit.

Key Points: 
  • Quarterhill will showcase its advanced roadside and back-office tolling solutions at this year's technology summit.
  • Quarterhill's appearance at the IBTTA Technology Summit signifies an important evolution towards a unified brand identity, highlighting the integration of Electronic Transaction Consultants, LLC ("ETC") into its portfolio.
  • Joining the excitement, Red Fox ID Limited ("Red Fox")—a company at the forefront of above-ground vehicle classification technology and the latest addition to the Quarterhill family—is also exhibiting at the Technology Summit in booths 101/103.
  • Visitors to the IBTTA Technology Summit can experience the future of tolling and AVDC technology by meeting with the experts from Quarterhill and Red Fox at their respective booths.

CVPR 2024, the Industry's Top AI Conference, Reveals Areas to Watch in Workshop Programming

Retrieved on: 
Wednesday, May 1, 2024

LOS ALAMITOS, Calif., May 1, 2024 /PRNewswire/ -- As the preeminent event for research and development in computer vision, artificial intelligence (AI), machine learning (ML), augmented, virtual and mixed reality (AR/VR/MR), deep learning, and much more, the Computer Vision and Pattern Recognition (CVPR) Conference annually reveals the latest developments in the field. However, as research progresses, so too does it introduce a litany of new questions. At CVPR 2024, scheduled for 17-21 June at the Seattle Convention Center in Seattle, Wash., U.S.A., workshops will offer a deeper investigation of some of the biggest obstacles facing the field, evaluating the next generation of AI technologies and their applications.

Key Points: 
  • "These hands-on sessions encourage scientists and engineers to chip away at issues plaguing computer vision and build toward viable, efficient, and market-ready solutions."
  • This workshop focuses on harnessing AI to enhance operational efficiency in physical settings such as retail environments and Intelligent Traffic Systems (ITS).
  • In addition to AI City Challenge, other workshop "challenge" sessions tackle open questions through competition.
  • To register for CVPR 2024 as a member of the press and/or sign up for a specific workshop, visit https://cvpr.thecvf.com/Conferences/2024/MediaPass .

OTC Global Holdings Offers Advanced Solutions for Crude and Refined Products Trading.

Retrieved on: 
Wednesday, May 1, 2024

HOUSTON and NEW YORK and LONDON, May 1, 2024 /PRNewswire/ -- OTC Global Holdings (OTCGH), the world's largest energy-focused commodity inter-dealer broker, announces its comprehensive offerings designed to provide traders with forward price visibility across various crude and refined product benchmarks.

Key Points: 
  • THROUGH ITS PROPRIETARY EOXLIVE DATA AND TRADING PLATFORM, AND OTCLOGISTICIS' GLOBAL SHIPPING CAPABILITIES, OTC GLOBAL HOLDINGS IS THE ONLY BROKERAGE OFFERING END-TO-END EXECUTION.
  • Traders in over-the-counter (OTC) markets often face challenges due to the lack of a centralized platform to view forward price curves.
  • OTC Global Holdings addresses this issue by offering advanced market intelligence through its proprietary EOXLive platform.
  • For more information on how OTC Global Holdings can support your crude and refined product trading needs, please visit www.otcgh.com .

OTC Global Holdings Offers Advanced Solutions for Crude and Refined Products Trading.

Retrieved on: 
Wednesday, May 1, 2024

HOUSTON and NEW YORK and LONDON, May 1, 2024 /PRNewswire/ -- OTC Global Holdings (OTCGH), the world's largest energy-focused commodity inter-dealer broker, announces its comprehensive offerings designed to provide traders with forward price visibility across various crude and refined product benchmarks.

Key Points: 
  • THROUGH ITS PROPRIETARY EOXLIVE DATA AND TRADING PLATFORM, AND OTCLOGISTICIS' GLOBAL SHIPPING CAPABILITIES, OTC GLOBAL HOLDINGS IS THE ONLY BROKERAGE OFFERING END-TO-END EXECUTION.
  • HOUSTON and NEW YORK and LONDON, May 1, 2024 /PRNewswire/ -- OTC Global Holdings (OTCGH), the world's largest energy-focused commodity inter-dealer broker, announces its comprehensive offerings designed to provide traders with forward price visibility across various crude and refined product benchmarks.
  • OTC Global Holdings addresses this issue by offering advanced market intelligence through its proprietary EOXLive platform.
  • For more information on how OTC Global Holdings can support your crude and refined product trading needs, please visit www.otcgh.com .

Actelis Receives $2.3 Million Order for Immediate Delivery of New Hybrid-Fiber Intelligent Networking Solution For Washington D.C.’s Department of Transportation

Retrieved on: 
Thursday, May 2, 2024

FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced that it has received an approximately $2.3 million order to supply Washington D.C.’s Department of Transportation (DDOT) with a new hybrid-fiber intelligent networking solution for the city’s transportation network.

Key Points: 
  • FREMONT, Calif., May 02, 2024 (GLOBE NEWSWIRE) -- Actelis Networks, Inc. (NASDAQ:ASNS) (“Actelis” or the “Company”), a market leader in cyber-hardened, rapid deployment networking solutions for IoT applications, today announced that it has received an approximately $2.3 million order to supply Washington D.C.’s Department of Transportation (DDOT) with a new hybrid-fiber intelligent networking solution for the city’s transportation network.
  • DDOT currently utilizes a mix of fiber optic and copper cables to communicate with all Intelligent Transportation System (ITS) assets city-wide including traffic signals, Closed Circuit cameras (CCTV), roadway weather systems, and data collection sites.
  • The Actelis IoT solution components will communicate with DDOT’s various central systems at the agency’s transportation management centers, the city’s Advanced Traffic Management System (ATMS), and critical homeland security support systems.
  • Because of the importance of the systems involved, it is vital that the connectivity solution is fast, reliable, and secure.

Optimi Health and Kwantlen Polytechnic University Applied Genomics Centre Partner to Advance Mushroom Science and Research

Retrieved on: 
Tuesday, April 23, 2024

VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, is thrilled to announce an innovative research and development partnership with the Kwantlen Polytechnic University Applied Genomics Centre (KPU-AGC).

Key Points: 
  • VANCOUVER, British Columbia, April 23, 2024 (GLOBE NEWSWIRE) -- Optimi Health Corp. (CSE: OPTI) (OTCQX: OPTHF) (FRA: 8BN), a leading Health Canada licensed psychedelics pharmaceutical manufacturer, is thrilled to announce an innovative research and development partnership with the Kwantlen Polytechnic University Applied Genomics Centre (KPU-AGC).
  • Optimi boasts an extensive genetic bank of over 200 psilocybin-containing mushroom strains, making it among the largest globally.
  • Chase, Chief Science Officer at Optimi, expressed enthusiasm for the partnership and its potential impact on mushroom science and research.
  • "The Kwantlen Polytechnic University Applied Genomics Centre brings a wealth of experience and expertise in genomics research, making it an ideal partner for Optimi’s innovative initiatives in mushroom science,” he added.

TAPCO Announces New Wrong-Way Alert Systems, Powered by Bosch 

Retrieved on: 
Tuesday, April 23, 2024

Through this new partnership, TAPCO Wrong-Way Alert Systems have been updated with state-of-the-art technology, including Bosch’s latest ITS cameras, featuring edge-enabled video analytics for roadway incident detection.

Key Points: 
  • Through this new partnership, TAPCO Wrong-Way Alert Systems have been updated with state-of-the-art technology, including Bosch’s latest ITS cameras, featuring edge-enabled video analytics for roadway incident detection.
  • For the past fifteen years, TAPCO has led the traffic safety industry in Wrong-Way Alert System deployments, developing credibility in the ITS space.
  • Previous generation Wrong-Way Alert Systems have relied on thermal technology, but with the Bosch partnership, wrong-way vehicle detection is more flexible, efficient and accurate.
  • Uniquely engineered to fit any ramp configuration, TAPCO Wrong-Way Alert Systems flash warning alerts to capture the wrong-way driver’s attention and encourage self-correction.

Sanford Heisler Sharp Files $10 Million Religious & Age Discrimination, Retaliation Suit Against Teachers College, Columbia University for Muslim Faculty Member Denied Tenure - Track Positions

Retrieved on: 
Wednesday, April 17, 2024

The Complaint alleges that Teachers College discriminated against Dr. Sabic-El-Rayess, a 48-year-old Muslim woman, by repeatedly denying her a promotion to a tenure-track role because of her Muslim religion and age.

Key Points: 
  • The Complaint alleges that Teachers College discriminated against Dr. Sabic-El-Rayess, a 48-year-old Muslim woman, by repeatedly denying her a promotion to a tenure-track role because of her Muslim religion and age.
  • Dr. Sabic-El-Rayess is represented by Sanford Heisler Sharp’s Chairman David Sanford, Partner Melinda Koster, and Senior Litigation Counsel Alok Nadig, as well as Deborah Rhode Civil Rights Fellow Hoda Katebi.
  • “Teachers College’s mistreatment of Dr. Sabic-El-Rayess demonstrates that it is paying lip service to its professed values of diversity and inclusion,” said Sanford.
  • For example, when Dr. Sabic-El-Rayess applied for a tenure-track position in 2012, a Hiring Committee member probed into her Muslim background.