IHub

The Future of Accessibility: Toyota Mobility Foundation and MaRS Discovery District Launch the Mobility Unlimited Hub in Toronto

Retrieved on: 
Friday, March 8, 2024

In a significant step towards creating a more inclusive society, Toyota Mobility Foundation (TMF) and MaRS Discovery District are proud to announce the launch of the Mobility Unlimited Hub.

Key Points: 
  • In a significant step towards creating a more inclusive society, Toyota Mobility Foundation (TMF) and MaRS Discovery District are proud to announce the launch of the Mobility Unlimited Hub.
  • The Mobility Unlimited Hub will work to foster innovation by offering a path to successful commercialization.
  • While establishing the Mobility Unlimited Hub, Toyota Mobility Foundation and MaRS worked closely with Toronto Global, a team of experienced business advisors assisting global organizations to expand into the Toronto Region.
  • The launch of the Mobility Unlimited Hub in Toronto is just the beginning.

Kyndryl Expands Partnership with Google Cloud to Deliver Enterprise-Ready Generative AI Solutions

Retrieved on: 
Wednesday, February 7, 2024

NEW YORK, Feb. 7, 2024 /PRNewswire/ -- Kyndryl (NYSE: KD), the world's largest IT infrastructure services provider, today announced an expanded partnership with Google Cloud to develop responsible generative AI solutions and to accelerate adoption among customers.

Key Points: 
  • Kyndryl and Google Cloud have worked together since 2021 to help global businesses transform with Google Cloud's advanced AI capabilities and trusted infrastructure.
  • Kyndryl will also use its extensive experience supporting businesses implementing Google Cloud existing and new technology – like Gemini – to continue enabling business transformation with AI and generative AI.
  • With investments to increase AI expertise in Google Cloud generative AI, including Duet AI for Developers, across its workforce and its experience with Google's Generative AI Initiative for Service Partners, Kyndryl is well positioned to address demand for generative AI solutions and bring Google Cloud-powered solutions to customers.
  • As part of their early collaboration on generative AI solutions for customers, Kyndryl and Google Cloud have helped iHub Solutions, a Singapore based smart warehouse, contract logistics and e-commerce fulfillment services provider launch a generative AI pilot for customer service.

Spruce Point Capital Management Announces Investment Opinion: Releases Report and Strong Sell Research Opinion on Perion Network Ltd. (Nasdaq / TASE: PERI)

Retrieved on: 
Tuesday, May 23, 2023

However, in the February to March 2023 timeframe, Perion removed Yandex as a search partner on CodeFuel’s website.

Key Points: 
  • However, in the February to March 2023 timeframe, Perion removed Yandex as a search partner on CodeFuel’s website.
  • In Q1 2023, Perion also reported that revenue per search day declined -35% and -21% quarter-over-quarter and year-over-year, respectively.
  • Perion’s capital raising practices are troubling, and Spruce Point believes that Perion’s financing activities are a major red flag.
  • As disclosed, Spruce Point has a short position in Perion Network, Ltd. and owns derivative securities that stand to net benefit if its share price falls.

CJ Logistics Builds Saudi Arabia's First Dedicated eCommerce Global Distribution Center to Target Middle East Market

Retrieved on: 
Thursday, May 11, 2023

RIYADH, Saudi Arabia, May 11, 2023 /PRNewswire/ -- CJ Logistics, a leading provider of logistics solutions worldwide, announced plans to build a Global Distribution Center (GDC) in Saudi Arabia by 2024.

Key Points: 
  • RIYADH, Saudi Arabia, May 11, 2023 /PRNewswire/ -- CJ Logistics, a leading provider of logistics solutions worldwide, announced plans to build a Global Distribution Center (GDC) in Saudi Arabia by 2024.
  • The GDC will be the first dedicated e-commerce logistics facility in Saudi Arabia.
  • "The Saudi e-commerce market has the richest growth potential in the Middle East and the geographical advantage of connecting Africa and Europe," said Kang Sin-ho, CEO of CJ Logistics.
  • "We will spare no support for state-of-the-art logistics technology and infrastructure so that the GDC can become a logistics hub that leads the Middle East e-commerce market."

Perion’s Momentum Continues, Delivering 16% Revenue Growth and 54% Increase in Net Income

Retrieved on: 
Wednesday, May 3, 2023

Revenue: Revenue increased by 16% to $145.2 million in the first quarter of 2023 from $125.3 million in the first quarter of 2022.

Key Points: 
  • Revenue: Revenue increased by 16% to $145.2 million in the first quarter of 2023 from $125.3 million in the first quarter of 2022.
  • Growth was primarily due to a 26% increase in video revenue, 12% increase in CTV revenue, 93% increase in SORT® customer spending and a 60% year-over-year increase in Retail media revenue.
  • Net Income: On a GAAP basis, net income increased by 54% to $23.8 million in the first quarter of 2023 from $15.5 million in the first quarter of 2022.
  • Non-GAAP net income was $29.9 million, or 21% of revenue, in the first quarter of 2023, compared with $20.7 million, or 17% of revenue, in the first quarter of 2022.

POET Technologies Expands Investor Outreach Efforts

Retrieved on: 
Friday, April 14, 2023

TORONTO, April 14, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced that it has signed agreements with HE Capital Markets for distribution of the Company’s content on Investors Hub and Wall Street Silver Services (“WSS”).

Key Points: 
  • TORONTO, April 14, 2023 (GLOBE NEWSWIRE) -- POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; NASDAQ: POET), the designer and developer of the POET Optical Interposer™, Photonic Integrated Circuits (PICs) and light sources for the data center, tele-communication and artificial intelligence markets, today announced that it has signed agreements with HE Capital Markets for distribution of the Company’s content on Investors Hub and Wall Street Silver Services (“WSS”).
  • The agreement covers an initial 3-month period during which POET will take advantage of the broad reach of HE Capital Markets and its affiliated platforms to drive investor awareness about the Company’s commercialization developments in its targeted end markets, including the rapidly expanding AI-ML market.
  • A range of content — including videos, articles, social-media posts and newsletter coverage — will be used to disseminate information about POET and its value to the investment community.
  • The Company will pay US$15,000 to HE Capital Markets, which is headquartered in London, UK, and US$15,000 to WSS.

Perion’s Momentum Extends into the Fourth Quarter of 2022 – Preliminary Results Show Over 60% YoY Adjusted EBITDA Growth and 30% YoY Revenue Growth.

Retrieved on: 
Wednesday, January 4, 2023

See a reconciliation table below

Key Points: 
  • See a reconciliation table below
    “The strong business momentum we have experienced during the first three quarters of 2022 continued into the fourth quarter, said Doron Gerstel, Perion’s CEO.
  • “Our extraordinary fourth-quarter results demonstrate that our business model is a powerful growth engine, driven by our proprietary iHub (“Intelligent hub”), which connects Perion’s supply and the demand assets.
  • By that, we benefit from maximum operational efficiency, and simultaneously maximize economic value for our customers.
  • Doron Gerstel, CEO and Maoz Sigron, CFO will host a conference call to discuss the results at 8:30 a.m.

MITRE and Miami Dade College to Collaborate on Research and STEM Talent Development

Retrieved on: 
Thursday, November 17, 2022

Engagements may include collaborative research and development with MITRE staff and MDC students and faculty in areas including Web3, blockchain, cryptocurrency, artificial intelligence (AI), cybersecurity, climate science, and digital health.

Key Points: 
  • Engagements may include collaborative research and development with MITRE staff and MDC students and faculty in areas including Web3, blockchain, cryptocurrency, artificial intelligence (AI), cybersecurity, climate science, and digital health.
  • It will also include curriculum development and internship opportunities for MDC students and supporting the growth and acceleration of the Miami ecosystem.
  • Were proud to partner with Miami Dade College to combine our shared values and resources to solve problems for a safer world, said Julie Gravallese , MITRE vice president, workplace innovation.
  • Working with MDC, MITRE will help expand, engage, and develop diverse talent through internship and faculty development opportunities.

Buchanan & Edwards (BE) Unveils New Modern Headquarters in McLean

Retrieved on: 
Thursday, September 15, 2022

WASHINGTON, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Buchanan & Edwards Inc. (BE), an award-winning and fast-growing technology leader delivering transformative solutions to the national security community, has moved from Arlington, VA to a new 7,300-square-foot headquarters in McLean, Virginia, near Tysons Galleria shopping center.

Key Points: 
  • WASHINGTON, Sept. 15, 2022 /PRNewswire-PRWeb/ -- Buchanan & Edwards Inc. (BE), an award-winning and fast-growing technology leader delivering transformative solutions to the national security community, has moved from Arlington, VA to a new 7,300-square-foot headquarters in McLean, Virginia, near Tysons Galleria shopping center.
  • "Our new headquarters really focuses on the employee experience while also providing us with opportunity for expansion.
  • Since 1998, Buchanan & Edwards Inc. has served as a trusted partner on missions of vital importance to the defense, intelligence, and law enforcement communities.
  • We design and deliver solutions that embody a future forward approach and reflect our unwavering commitment to helping our clients achieve mission success.

Jacobs Center for Neighborhood Innovation and CONNECT Group Celebrate Partnership & New Directions

Retrieved on: 
Thursday, September 1, 2022

SAN DIEGO, Sept. 1, 2022 /PRNewswire/ -- Jacobs Center for Neighborhood Innovation (Jacobs Center) and Connect celebrate their partnership, legacy, and new strategic directions.

Key Points: 
  • SAN DIEGO, Sept. 1, 2022 /PRNewswire/ -- Jacobs Center for Neighborhood Innovation (Jacobs Center) and Connect celebrate their partnership, legacy, and new strategic directions.
  • Going forward, the Jacobs Center's Business Accelerator program (fka CONNECT ALL @ the Jacobs Center) will continue to align with its business resource center located in the Joe & Vi Jacobs Community Center, a three-story, 78,000-sq.
  • The Business Accelerator (fka CONNECT ALL @ the Jacobs Center) is a strategic partnership between the City of San Diego, Connect and the Jacobs Center through 2022.
  • To learn more or get involved, visit https://www.connect.org/
    Media Contact(s): Selina Castillo Hudgins, Jacobs Center for Neighborhood Innovation