Press Release - Latest News & Updates https://www.thetechoutlook.com/category/press-release/ Daily Tech News, Interviews, Reviews and Updates Thu, 23 Jan 2025 21:55:04 +0000 en-US hourly 1 https://wordpress.org/?v=6.7.1 https://www.thetechoutlook.com/wp-content/uploads/2019/09/cropped-favicon-1-150x150.png Press Release - Latest News & Updates https://www.thetechoutlook.com/category/press-release/ 32 32 Innventure, Inc. to Host Conference Call Detailing Dow Collaboration & Launch of Refinity https://www.thetechoutlook.com/press-release/innventure-inc-to-host-conference-call-detailing-dow-collaboration-launch-of-refinity/ Thu, 23 Jan 2025 21:55:04 +0000 https://www.thetechoutlook.com/press-release/innventure-inc-to-host-conference-call-detailing-dow-collaboration-launch-of-refinity/ ORLANDO, Fla., Jan. 23, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (Nasdaq: INV) (“Innventure”), a technology commercialization platform, today announced it will host a conference call on January 30, 2025, at 5:00 pm ET to detail its recently announced collaboration with The Dow Chemical Company and the launch of its fourth operating company, Refinity. Bill Haskell, […]

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ORLANDO, Fla., Jan. 23, 2025 (GLOBE NEWSWIRE) — Innventure, Inc. (Nasdaq: INV) (“Innventure”), a technology commercialization platform, today announced it will host a conference call on January 30, 2025, at 5:00 pm ET to detail its recently announced collaboration with The Dow Chemical Company and the launch of its fourth operating company, Refinity. Bill Haskell, Chief Executive Officer of Innventure, and Bill Grieco, Chief Executive Officer of Refinity, will discuss Refinity’s value proposition, market opportunity and technology differentiation.

The event will be webcast live via Innventure’s investor relations website https://ir.innventure.com/ or via this link.

Parties interested in joining via teleconference can register using this link: https://register.vevent.com/register/BI4b30a1f9b144487daa3c053485ade19c

After registering, you will be provided dial in details and a unique dial-in PIN. Registration is open through the live call, but to ensure you are connected for the full call, we suggest registering in advance.

Innventure will also post a slide presentation to accompany the prepared remarks to its investor relations website https://ir.innventure.com/ shortly before the of the start of the event.

About Innventure
Innventure (NASDAQ: INV) founds, funds, and operates companies with a focus on transformative, sustainable technology solutions acquired or licensed from multinational corporations. As owner-operators, Innventure takes what it believes to be breakthrough technologies from early evaluation to scaled commercialization utilizing an approach designed to help mitigate risk as it builds disruptive companies it believes have the potential to achieve a target enterprise value of at least $1 billion. Innventure defines ‘‘disruptive’’ as innovations that have the ability to significantly change the way businesses, industries, markets and/or consumers operate.

Media Contact: Laurie Steinberg, Solebury Strategic Communications
press@innventure.com

Investor Relations Contact: Sloan Bohlen, Solebury Strategic Communications
investorrelations@innventure.com


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Antonio Lizano Joins Sunlight Solutions as Regional Director for LATAM to Lead Expansion and Regional Growth https://www.thetechoutlook.com/press-release/antonio-lizano-joins-sunlight-solutions-as-regional-director-for-latam-to-lead-expansion-and-regional-growth/ Thu, 23 Jan 2025 18:55:05 +0000 https://www.thetechoutlook.com/press-release/antonio-lizano-joins-sunlight-solutions-as-regional-director-for-latam-to-lead-expansion-and-regional-growth/ ORLANDO, Fla., Jan. 23, 2025 (GLOBE NEWSWIRE) — Sunlight Solutions, a leading innovator in a scalable software solution for insurance companies, proudly announces the appointment of Antonio Lizano as the Regional Director for Latin America (LATAM). Lizano will spearhead Sunlight Solutions’ strategic initiatives across Latin America. With over 20 years of experience in global marketing, […]

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ORLANDO, Fla., Jan. 23, 2025 (GLOBE NEWSWIRE) — Sunlight Solutions, a leading innovator in a scalable software solution for insurance companies, proudly announces the appointment of Antonio Lizano as the Regional Director for Latin America (LATAM). Lizano will spearhead Sunlight Solutions’ strategic initiatives across Latin America.

With over 20 years of experience in global marketing, product management, and SaaS-driven business strategies, Lizano demonstrates a great ability to identify market opportunities, foster strategic partnerships, and deliver innovative solutions tailored to regional needs.

“I am honored to join Sunlight Solutions and lead its growth initiatives in Latin America,” explains Lizano. “The region’s dynamic and evolving insurance market presents immense opportunities for innovation. I look forward to collaborating with local and global teams to bring Sunlight’s cutting-edge solutions to new markets and transform the way businesses approach insurance technology.”

In his role as Regional Director, Lizano will focus on:

  • B2B Expansion: Driving partnerships with insurers and MGA’s
  • Product Management: Tailoring Sunlight’s offerings to meet the unique demands of the LATAM market, ensuring seamless integration and scalability.
  • Regional Growth: Leading the charge in market entry strategies, building on-the-ground teams, and enhancing brand visibility throughout the region.

“We are thrilled to welcome Antonio to the Sunlight Solutions team,” states Didier Lamour, CEO of Sunlight Solutions. “His deep understanding of the Latin American market and expertise in product management aligns perfectly with our vision to expand our footprint in this key region. Antonio’s leadership will be instrumental in driving our mission to deliver world-class technology to businesses across LATAM.”

Sunlight Solutions remains committed to enabling businesses worldwide with its state-of-the-art insurance platform. The addition of Antonio Lizano reflects the company’s dedication to hiring industry leaders who drive innovation and results.

For more information about Sunlight Solutions and its LATAM initiatives, please visit https://www.sunlightsolutions.com/.

About Sunlight Solutions
Sunlight Solutions is a global leader in digital insurance technology, offering a flexible, open platform that empowers carriers and MGAs to design, launch, and manage tailored insurance products. With a strong presence in the USA and Europe, Sunlight Solutions drives innovation and efficiency, delivering exceptional user experiences throughout the insurance lifecycle.

For more information about this update and how Sunlight Solutions is shaping the future of insurance technology, visit www.sunlightsolutions.com or contact Antonio at alizano@sunlightsolutions.com.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d4757533-0683-431a-a3b6-3b1de9a4253a


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Aptean Named a ‘Major Player’ in 4 IDC MarketScape Reports https://www.thetechoutlook.com/press-release/aptean-named-a-major-player-in-4-idc-marketscape-reports/ Thu, 23 Jan 2025 15:55:04 +0000 https://www.thetechoutlook.com/press-release/aptean-named-a-major-player-in-4-idc-marketscape-reports/ ALPHARETTA, Ga., Jan. 23, 2025 (GLOBE NEWSWIRE) — Aptean, an AI-first company and global provider of mission-critical enterprise solutions, announced today it has been named a ‘Major Player’ in four IDC MarketScape reports: IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications  2024-2025 Vendor Assessment (doc # US52759424, December 2024) IDC MarketScape: Worldwide SaaS and […]

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ALPHARETTA, Ga., Jan. 23, 2025 (GLOBE NEWSWIRE) — Aptean, an AI-first company and global provider of mission-critical enterprise solutions, announced today it has been named a ‘Major Player’ in four IDC MarketScape reports:

  • IDC MarketScape: Worldwide SaaS and Cloud-Enabled Operational ERP Applications  2024-2025 Vendor Assessment (doc # US52759424, December 2024)
  • IDC MarketScape: Worldwide SaaS and Cloud-Enabled Manufacturing ERP Applications 2024-2025 Vendor Assessment (doc # US51752524, December 2024)
  • IDC MarketScape: Worldwide Manufacturing Execution Systems  2024-2025 Vendor Assessment (doc # US51813624, November 2024)
  • IDC MarketScape: Worldwide Retail, Footwear and Apparel PLM 2024 Vendor Assessment (doc # US51795224, December 2024)

This recognition comes shortly after the launch of the revolutionary Aptean AppCentral, which is a first-of-its-kind, all-in-one platform powered by AI that transforms how Aptean’s enterprise software is consumed.

IDC MarketScape reports are the result of a thorough evaluation of a provider’s strategies and capabilities, assessed against a comprehensive and rigorous framework. The evaluation covers criteria which are important to companies investing in software solutions, such as the technical architecture, customer satisfaction, ease of deployment, service delivery, product functionality and the solution’s ability to integrate with business operations.

“Aptean is thrilled to be recognized in four IDC MarketScape reports. We believe this recognition underscores our innovation in the industry and our commitment to helping our customers thrive,” said TVN Reddy, CEO at Aptean. “This recognition follows the launch of Aptean AppCentral to our discrete manufacturing customers with a wider rollout planned in 2025. As an AI-first company, we believe that AI generates the most value when combined with industry-specific solutions, rather than generic offerings. We aim to deliver exponentially greater value for our customers with our AI-enabled solutions.” 

About Aptean: 
Aptean is one of the world’s leading providers of purpose-built, industry-specific software that helps manufacturers and distributors effectively run and grow their businesses. With both cloud and on-premises deployment options, Aptean’s products, services and unmatched expertise help businesses of all sizes to be Ready for What’s Next, Now®. Aptean is headquartered in Alpharetta, Georgia, USA, and has offices in North America, Europe and Asia-Pacific.

To learn more about Aptean and the markets we serve, visit www.aptean.com. 

Aptean and Ready for What’s Next, Now are Registered Trademarks of Aptean, Inc. All other company and product names may be trademarks of the respective companies with which they are associated. 

About IDC MarketScape: 
The IDC MarketScape vendor assessment model is designed to provide an overview of the competitive fitness of technology and service suppliers in a given market. The research utilizes a rigorous scoring methodology based on both qualitative and quantitative criteria that results in single graphical illustration of each supplier’s position within a given market. IDC MarketScape provides a clear framework in which the product and service offerings capabilities and strategies, and current and future market success factors of technology suppliers, can be meaningfully compared. The framework also provides technology buyers with a 360-degree assessment of the strengths and weaknesses of current and prospective suppliers. 

For Media Inquiries Please Contact
MediaRelations@aptean.com 


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Wix Teams Up with YouTube to Expand Social Shopping Experience https://www.thetechoutlook.com/press-release/wix-teams-up-with-youtube-to-expand-social-shopping-experience/ Thu, 23 Jan 2025 14:55:04 +0000 https://www.thetechoutlook.com/press-release/wix-teams-up-with-youtube-to-expand-social-shopping-experience/ Wix merchants can now sell products directly through YouTube Shopping, reaching broader audiences NEW YORK – – Wix.com Ltd. (NASDAQ: WIX),  the leading SaaS website builder platform globally1, announced today an integration with YouTube Shopping, enabling merchants to sell their products directly through the platform, further expanding their social shopping capabilities. By building on Wix’s […]

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Wix merchants can now sell products directly through YouTube Shopping, reaching broader audiences

NEW YORK – – Wix.com Ltd. (NASDAQ: WIX),  the leading SaaS website builder platform globally1, announced today an integration with YouTube Shopping, enabling merchants to sell their products directly through the platform, further expanding their social shopping capabilities. By building on Wix’s existing collaboration with Google Shopping, this integration enables merchants to seamlessly display their products in a store format directly on their YouTube profiles. 

Merchants can tag products in YouTube videos, live streams, and shorts, increasing product visibility and engagement. Products are featured directly on the YouTube store tab, allowing viewers to easily access them for purchase. Merchants can track the performance of these tagged products using YouTube’s analytics tools, providing valuable insights into shopping behavior and product popularity. Product details such as descriptions, and images, are automatically synced between Wix and YouTube, ensuring a consistent, up-to-date shopping experience across platforms.

“We are always looking for new ways to help our merchants grow their businesses and connect with their customers,” said Greg Sisung, Head of Sales Channels at Wix. “Our integration with YouTube transforms the social shopping experience for both sellers and buyers, and even influencers, allowing users to reach their target audiences where they already are, and enhancing their ability to engage with new and larger clientele.”

Wix merchants can manage YouTube Shopping through the Google & YouTube Sales Channels section in their Wix dashboard. Once enabled, merchants can take advantage of features like product tagging in videos and live streams, product drops, and showcasing items on the YouTube store tab. This seamless approach provides a unified shopping experience while Wix handles the backend processes, including syncing product information, managing inventory, and facilitating checkout.

Wix merchants can now utilize the Google & YouTube App in all locations where YouTube Shopping is supported.

About Wix.com Ltd.

Wix is the leading SaaS website builder platform1 to create, manage and grow a digital presence. Founded in 2006, Wix is a comprehensive platform providing users – self-creators, agencies, enterprises, and more – with industry-leading performance, security, AI capabilities and a reliable infrastructure. Offering a wide range of commerce and business solutions, advanced SEO and marketing tools, the platform enables users to take full ownership of their brand, their data and their relationships with their customers. With a focus on continuous innovation and delivery of new features and products, users can seamlessly build a powerful and high-end digital presence for themselves or their clients. 

For more about Wix, please visit our Press Room
Media Relations Contact:  PR@wix.com  

1 Based on number of active live sites as reported by competitors’ figures, independent third-party data and internal data as of H1 2024.

Attachments


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Wizeline Strengthens Leadership Team with Key Promotions and New CFO https://www.thetechoutlook.com/press-release/wizeline-strengthens-leadership-team-with-key-promotions-and-new-cfo/ Thu, 23 Jan 2025 14:55:04 +0000 https://www.thetechoutlook.com/press-release/wizeline-strengthens-leadership-team-with-key-promotions-and-new-cfo/ Alfredo Rivera Appointed to Chief Financial Officer Promotions Bolster Communities, Delivery, People and Marketing, Positioning Wizeline for Continued Growth NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) — Wizeline, a global AI-native product engineering company, today announced the promotion of Alfredo Rivera to Chief Financial Officer (CFO), effective January 1. “Alfredo has been an invaluable asset […]

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  • Alfredo Rivera Appointed to Chief Financial Officer
  • Promotions Bolster Communities, Delivery, People and Marketing, Positioning Wizeline for Continued Growth
  • NEW YORK, Jan. 23, 2025 (GLOBE NEWSWIRE) — Wizeline, a global AI-native product engineering company, today announced the promotion of Alfredo Rivera to Chief Financial Officer (CFO), effective January 1.

    “Alfredo has been an invaluable asset to Wizeline, demonstrating exceptional leadership and a deep understanding of our financial performance,” said Andres Angelani, CEO of Wizeline. “His contributions have been instrumental in driving our growth and financial stability. I am confident that in his new role as CFO, Alfredo will continue to play a vital role in shaping the future of our company.”

    With more than 15 years of experience in finance, accounting and investment banking, Alfredo brings a wealth of experience to his new role. He spent the past two years with Wizeline in various corporate finance positions, including the past eight months as Interim CFO. Prior to joining Wizeline, Alfredo spent several years advising Fortune 500 companies on pivotal financial milestones, including M&A, IPOs, and raising capital. He also served as a financial analyst and investment banker at established financial institutions such as Citigroup and UBS, among others.

    In addition to Rivera’s promotion, several other executives have assumed expanded roles:

    • Cristian Ceja has been appointed VP, Communities & Practices and will join the e-staff team. In his role Cristian will lead the strategy and operations of the Tech Communities and Practices groups, reporting directly to Ines Casares, Chief Services Officer.
    • Andres Destefanis has been named VP, Global Delivery, responsible for driving operational excellence and standardizing delivery practices across the organization.
    • Sol Noello, General Counsel, has added Chief Administrative Officer to her role, expanding her responsibilities to include oversight of the People Team, IT & Security and Regional Operations.
    • Fausta Ballesteros, Chief Marketing Officer, has added Chief Culture Experience Officer to her role, in charge of shaping, nurturing, and sustaining Wizeline’s culture across all our operations and delivery centers.

    “These promotions reflect the exceptional talent and dedication of our leadership team,” said Angelani. “I am confident that with this strong leadership in place, Wizeline will continue to deliver innovative solutions and exceed client expectations.”

    About Wizeline

    Wizeline, a global AI-centric technology solutions provider, specializes in developing cutting-edge digital products and platforms that leverage the power of artificial intelligence. In collaboration with our customers, we are revolutionizing businesses by harnessing data and AI to accelerate time to market and drive transformative outcomes. Our agile and adaptive teams bring a unique blend of AI expertise, advanced methodologies, and innovative solutions to deliver exceptional results while fostering a culture of continuous learning and innovation alongside our customers’ teams. We invest in doing well while doing good, striving to have a positive impact where we live and work. Our diverse culture of innovation, ownership, and community, combined with our AI-focused Academy, offers unparalleled opportunities for talented people to work on innovative projects and build thriving, long-term careers. Discover how Wizeline’s AI-centric approach can revolutionize your business at wizeline.com. To join our visionary team, explore exciting career opportunities at wizeline.com/careers.

    Press Contact
    press@wizeline.com


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    Rackspace Technology to Announce Fourth Quarter 2024 Earnings on February 20, 2025 https://www.thetechoutlook.com/press-release/rackspace-technology-to-announce-fourth-quarter-2024-earnings-on-february-20-2025/ Wed, 22 Jan 2025 21:55:05 +0000 https://www.thetechoutlook.com/press-release/rackspace-technology-to-announce-fourth-quarter-2024-earnings-on-february-20-2025/ SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will release its fourth quarter 2024 financial results after the market closes on Thursday, February 20, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will […]

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    SAN ANTONIO, Texas, Jan. 22, 2025 (GLOBE NEWSWIRE) — Rackspace Technology® (NASDAQ: RXT) a leading end-to-end hybrid, multicloud, and AI technology solutions company, today announced that it will release its fourth quarter 2024 financial results after the market closes on Thursday, February 20, 2025. Amar Maletira, Chief Executive Officer, and Mark Marino, Chief Financial Officer, will host a conference call on the day of the release (February 20, 2025) at 5:00 PM ET to discuss the Company’s financial results.

    Interested parties may access the conference call as follows:

    To listen to the live webcast or access the replay following the webcast, please visit our IR website at the following link: https://ir.rackspace.com/news-and-events/events-and-presentations.

    To obtain a dial-in number, please pre-register at the following link: https://register.vevent.com/register/BIad56d9097db646978aea4b4bd013e646

    Registrants will receive dial-in information and a PIN allowing them to access the live call.

    About Rackspace Technology
    Rackspace Technology is a leading end-to-end hybrid, multicloud, and AI technology solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products and adopt innovative technologies.

    Investor Relations Contact: Sagar Hebbar, ir@rackspace.com
    Media Contact: Natalie Silva, publicrelations@rackspace.com


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    Shipsi Unveils ‘Lowest-Cost, Last-Mile Guarantee’ to combat rapidly escalating nationwide shipping costs https://www.thetechoutlook.com/press-release/shipsi-unveils-lowest-cost-last-mile-guarantee-to-combat-rapidly-escalating-nationwide-shipping-costs/ Wed, 22 Jan 2025 16:55:05 +0000 https://www.thetechoutlook.com/press-release/shipsi-unveils-lowest-cost-last-mile-guarantee-to-combat-rapidly-escalating-nationwide-shipping-costs/ MIAMI, Jan. 22, 2025 (GLOBE NEWSWIRE) — Shipsi, the nation’s fastest-growing delivery technology, today announced its groundbreaking ‘Lowest-Cost, Last-Mile Guarantee’, positioning itself as the go-to replacement for services like USPS, UPS Surepost, and FedEx Ground Economy who are suffering from widespread rate hikes. With nationwide coverage and a distributed network of drivers powered by advanced […]

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    MIAMI, Jan. 22, 2025 (GLOBE NEWSWIRE) — Shipsi, the nation’s fastest-growing delivery technology, today announced its groundbreaking ‘Lowest-Cost, Last-Mile Guarantee’, positioning itself as the go-to replacement for services like USPS, UPS Surepost, and FedEx Ground Economy who are suffering from widespread rate hikes. With nationwide coverage and a distributed network of drivers powered by advanced technology, Shipsi is redefining e-commerce logistics by delivering a reliable, scalable, and cost-effective alternative that meets the needs of retailers across the U.S.

    “Shipsi was built to provide retailers with the tools they need to stay competitive in an increasingly challenging landscape,” said Rye Akervik, CEO of Shipsi. “Now, with rising shipping costs and a USPS rate hike over 25%, carriers and 3PLs need an affordable, efficient, and reliable solution. That’s exactly what Shipsi delivers—low-cost last-mile delivery without compromising on service quality.”

    A Technological Edge in Last-Mile Delivery

    Shipsi’s ‘Lowest-Cost, Last-Mile Guarantee’ is driven by its innovative technology, which integrates directly with carrier networks to enable real-time bidding. This ensures that retailers get the most cost-effective final-mile delivery solution every time, without sacrificing speed or reliability.

    “Unlike traditional carriers, Shipsi leverages a distributed network of drivers across the U.S.,” Akervik added. “This allows us to adapt dynamically to demand, offering retailers unmatched flexibility and savings, even in high-volume areas. With our SLAs at 99.9% reliability, we’re not just the most affordable option—we’re the most dependable, too.”

    An Industry Disruption Amid USPS Challenges

    The recent USPS rate hikes have sent shockwaves through the logistics industry, leaving many retailers scrambling to find alternatives. Shipsi steps in as the ideal solution, Just last month Shipsi reaffirmed its commitment to 3PLs bringing cutting-edge tech to middle and last mile delivery. Now, with their ‘Lowest-Cost, Last-Mile Guarantee’, Shipsi is ready to solve the cost crisis for 3PLs and carrier networks who need reliable last-mile delivery nationwide.

    Shipsi Lowest Cost Last Mile Guarantee

    Nationwide Coverage with Localized Solutions

    3PLs and carriers can plug into Shipsi’s nationwide network to add value to their customers by facilitating final mile delivery through our ‘Lowest-Cost, Last-Mile Guarantee’. With over 7 million drivers in 5,000 cities, Shipsi’s unique distributed network allows it to scale efficiently across urban and suburban markets, ensuring reliable service nationwide.

    For more information on the Shipsi Last-Mile Guarantee and to find out how Shipsi can solve your last mile problem, visit https://discover.shipsi.com/last-mile-guarantee

    ‘Lowest-Cost, Last-Mile Guarantee’ National Call Line: 1-888-421-4392
    ‘Lowest-Cost, Last-Mile Guarantee’ 24/7 Email Response: lowest-cost@shipsi.com

    About Shipsi
    Shipsi aims to be the fastest, most affordable, and most reliable delivery technology in the United States. With a mission to revolutionize last-mile delivery, Shipsi connects retailers with a nationwide network of drivers through advanced technology, enabling real-time bidding and guaranteeing the lowest delivery costs. Shipsi’s SLAs at 99.9% ensure reliability at scale, making it the premier partner for retailers navigating today’s logistics challenges.

    *terms apply, visit https://discover.shipsi.com/last-mile-guarantee to request more information.

    Media Contact:
    Mark Crawford
    mark.crawford@shipsi.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8109607d-bd36-4d78-865f-5786eb5b43ba


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    Auradine Welcomes Semiconductor and Technology Industry Visionary Lip-Bu Tan to its Board of Directors https://www.thetechoutlook.com/press-release/auradine-welcomes-semiconductor-and-technology-industry-visionary-lip-bu-tan-to-its-board-of-directors/ Wed, 22 Jan 2025 14:55:04 +0000 https://www.thetechoutlook.com/press-release/auradine-welcomes-semiconductor-and-technology-industry-visionary-lip-bu-tan-to-its-board-of-directors/ SILICON VALLEY, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Auradine, Inc., a leader in Blockchain and AI infrastructure, announced today that Lip-Bu Tan has joined its Board of Directors. Lip-Bu Tan, one of the most influential leaders in the Tech Industry, is the Founder and Chairman of Walden International and Founding Managing Partner of Celesta Capital […]

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    Lip-Bu Tan

    SILICON VALLEY, Calif., Jan. 22, 2025 (GLOBE NEWSWIRE) — Auradine, Inc., a leader in Blockchain and AI infrastructure, announced today that Lip-Bu Tan has joined its Board of Directors. Lip-Bu Tan, one of the most influential leaders in the Tech Industry, is the Founder and Chairman of Walden International and Founding Managing Partner of Celesta Capital and Walden Catalyst Ventures.

    Lip-Bu Tan has four decades of hardware and software industry expertise with an unparalleled record in the semiconductor industry, and has received the Semiconductor Industry Association’s highest honor, the Robert N. Noyce Award. Tan previously served as President and CEO of Cadence Design Systems, a leader in computational software, where he spearheaded the company’s business and cultural transformation, tripling revenue during his tenure. He is chairman or board member of several companies, including SambaNova Systems, Schneider Electric SE, Credo Technology Group Holding Ltd, and was previously on the board of Intel Corporation. Tan also serves on the board of trustees and School of Engineering Dean’s Council at Carnegie Mellon University, MIT Dean’s School of Engineering Advisory Board and UC Berkeley School of Engineering & School of Compute, Data Science & Society’s Advisory boards.

    “I am impressed by the Auradine team’s vision and execution in developing groundbreaking, energy-efficient solutions for Blockchain and Gen AI networking infrastructure. Their innovative use of cutting-edge semiconductor and systems technology addresses significant, high-growth markets,” said Lip-Bu Tan. “With a team having a proven record of delivering leading silicon and system-level products, and achieving multi-billion-dollar revenues, Auradine is set up for enduring success. I am excited to partner with them towards building a market-leading company.”

    “Lip-Bu is a visionary global leader in the technology industry, and we are delighted to welcome him to Auradine’s board of directors,” said Rajiv Khemani, co-founder and CEO of Auradine. “Having worked closely with him previously, I am confident that the board and the leadership team will benefit tremendously from his semiconductor and AI expertise, deep relationships, and significant growth company experience.”

    “We are honored to welcome Lip-Bu Tan to Auradine’s Board of Directors,” said Sriram Viswanathan, Celesta Capital Founding Managing Partner and Auradine Board Chairman.Having worked closely with Lip-Bu at Celesta Capital, seeing firsthand his proven track record of helping companies reach their full potential, I know he will add tremendous value as we at Auradine continue to drive industry leadership and accelerate growth.”

    Previously, Lip-Bu served as a director of several public companies, including SoftBank Group Corp. from 2020 to 2022; Hewlett Packard Enterprise Company from 2015 to 2021; Advanced Micro-Fabrication Equipment Inc. China (AMEC), a global semiconductor microfabrication equipment company, from 2005 to 2020; and Flextronics International Ltd. from 2003 to 2012. He holds a Bachelor of Science in physics from Nanyang Technological University in Singapore, a Master of Science in nuclear engineering from the Massachusetts Institute of Technology, and an MBA from the University of San Francisco.

    About Auradine
    Auradine, Inc. is a leader in blockchain and AI infrastructure solutions. The company provides groundbreaking software, hardware, and cloud offerings to enable scalable, sustainable, and secure solutions. Founded in 2022 by a team of seasoned entrepreneurs and technologists, Auradine boasts deep expertise and a proven track record in semiconductors, SaaS, and systems. Auradine is committed to innovation and excellence and is headquartered in Silicon Valley, California. For more information, visit www.auradine.com.

    Media Contact:
    Sanjay Gupta
    media@auradine.com

    A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/611196c0-6e7c-4ee1-8e3d-439b31c681ec


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    Vimeo to Sponsor the Short Film Program at 2025 Sundance Film Festival https://www.thetechoutlook.com/press-release/vimeo-to-sponsor-the-short-film-program-at-2025-sundance-film-festival/ Wed, 22 Jan 2025 13:55:04 +0000 https://www.thetechoutlook.com/press-release/vimeo-to-sponsor-the-short-film-program-at-2025-sundance-film-festival/ PARK CITY, Utah, Jan. 22, 2025 (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced its sponsorship of the Short Film Program at the Sundance Film Festival. These shorts will screen as part of eight curated Short Film Programs that will include fiction, nonfiction, and […]

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    PARK CITY, Utah, Jan. 22, 2025 (GLOBE NEWSWIRE) — Vimeo (NASDAQ: VMEO), the world’s most innovative video experience platform for creators and enterprises, today announced its sponsorship of the Short Film Program at the Sundance Film Festival. These shorts will screen as part of eight curated Short Film Programs that will include fiction, nonfiction, and animated titles from the U.S. and abroad.

    “Sundance Film Festival and Vimeo have always been a shared home of a new generation of filmmakers, and we’re proud to partner with the Sundance Institute to bring a robust Short Film Program to this year’s festival,” said Philip Moyer, CEO of Vimeo. “There is no better way to kick off a new year than at Sundance Film Festival discovering new storytellers pushing the medium forward.”

    The Festival will take place in person from January 23–February 2, 2025, in Park City and Salt Lake City, Utah. A selection of titles will be available online from January 30–February 2, 2025, for audiences nationwide to discover bold, independent storytelling.

    Vimeo will host a panel, From Sundance Film Festival to Staff Picks: How Shorts Break Through The Noise, on Saturday, January 25, from 4:30-5:30 p.m. MT at The Box at The Ray. The panel featuring Vimeo’s Curation team will provide a behind-the-scenes look at their curation process, what makes a film stand out, the value of human curation, and how filmmakers can get their work noticed in today’s crowded digital landscape. Vimeo’s participation comes after its first user conference, Vimeo REFRAME, which brought together creators from across the creative and corporate landscapes to celebrate video. Notably, six filmmakers making their feature debuts at this year’s festival were supported through Staff Picks earlier in their career.

    Derick Rhodes, Vice President of Community at Vimeo, added, “For 17 years, we’ve uplifted and supported the short film community, and this sponsorship is a further testament to that commitment. This year, 29 Staff Pick alumni are sharing new work at Sundance Film Festival–that’s something we are immensely proud of.”

    As part of Vimeo’s sponsorship of the Short Film Program, the brand will also support regional screenings in select cities throughout the year. These events offer an opportunity for Vimeo to connect with the community and share in the celebration of short films. More information about regional screenings in cities like New York, Los Angeles, Seattle, Dallas, and more will come throughout the year.

    About Vimeo
    Vimeo (NASDAQ: VMEO) is the world’s most innovative video experience platform. We enable anyone to create high-quality video experiences to better connect and bring ideas to life. We proudly serve our community of millions of users – from creative storytellers to globally distributed teams at the world’s largest companies – whose videos receive billions of views each month. Learn more at www.vimeo.com.

    Contact:
    Frank Filiatrault
    frank.filiatrault@vimeo.com


    Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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    Rail Vision Enters Indian Market with an Agreement to Potentially Supply Safety Systems for Thousands of Locomotives https://www.thetechoutlook.com/press-release/rail-vision-enters-indian-market-with-an-agreement-to-potentially-supply-safety-systems-for-thousands-of-locomotives/ Wed, 22 Jan 2025 12:55:05 +0000 https://www.thetechoutlook.com/press-release/rail-vision-enters-indian-market-with-an-agreement-to-potentially-supply-safety-systems-for-thousands-of-locomotives/ Collaboration focuses on major rail safety tenders, targeting the installation of advanced technologies on thousands of locomotives across India Ra’anana, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced the signing of a binding […]

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    Collaboration focuses on major rail safety tenders, targeting the installation of advanced technologies on thousands of locomotives across India

    Ra’anana, Israel, Jan. 22, 2025 (GLOBE NEWSWIRE) — Rail Vision Ltd. (Nasdaq: RVSN) (the “Company”), a technology company at the forefront of revolutionizing railway safety and the data-related market, recently announced the signing of a binding Memorandum of Understanding (MOU) with Sujan Ventures, a division of the esteemed Sujan Group, a premier technology and components supplier to the Indian rail industry. Indian Railways, which operates India’s national railway system, boasts one of the largest rail networks in the world, with approximately 15,000 locomotives.

    Under the terms of the binding MOU, Sujan Ventures will lead local efforts to introduce Rail Vision’s advanced safety systems to the Indian market. As an initial step, Rail Vision will conduct a short trial of its systems at the customer’s facilities to demonstrate their capabilities. Following satisfaction and approval of Sujan Venture’s customers, the parties intend to proceed with a definitive agreement to advance their collaboration.

    Sujan Ventures shall make an initial upfront payment to the Company and will make additional payments upon the completion of certain milestones. In addition, during the term of the MOU, Sujan Ventures shall have the exclusive right to negotiate and enter an agreement to distribute the Company’s solutions in India.

    This collaboration aims to position Rail Vision’s innovative technologies for inclusion in future tenders and ongoing projects to enhance rail safety by equipping locomotives with advanced systems for accident avoidance, particularly in adverse weather conditions.

    These tenders will require thousands of locomotives in India to be outfitted with state-of-the-art technologies to significantly reduce accidents and casualties, creating a substantial market opportunity for Rail Vision.

    Brijesh Sujan, Chief Executive Officer of Sujan Ventures commented, “We at Sujan Ventures are excited to collaborate with Rail Vision to enhance rail safety and efficiency in one of the world’s largest railway networks. With our partnership, we are proud to support Rail Vision’s solutions to become fully compliant with ‘Make in India’ initiatives, which will empower Indian Railways to deploy advanced, locally-sourced safety systems without compromising on global standards. Through our ‘HUSE – Help Us Save Earth’ initiative, we also support sustainability, ensuring safer, more efficient, and eco-friendly rail travel for millions.”

    Shahar Hania, Chief Executive Officer of Rail Vision, added, “The opportunity to penetrate the vast and dynamic Indian rail market with our safety systems is truly exciting. We believe that a successful collaboration with Sujan Ventures and a strong presence in India could elevate Rail Vision to a new level in the rail safety and technology market. We are eager to bring our innovative solutions to one of the world’s largest railway industries, contributing to safer and more efficient rail operations.”

    About Rail Vision Ltd.

    Rail Vision is a technology company that is seeking to revolutionize railway safety and the data-related market. The Company has developed cutting-edge, artificial intelligence-based, industry-leading technology specifically designed for railways. The Company has developed its railway detection and systems to save lives, increase efficiency, and dramatically reduce expenses for the railway operators. Rail Vision believes that its technology will significantly increase railway safety around the world, while creating significant benefits and adding value to everyone who relies on the train ecosystem: from passengers using trains for transportation to companies that use railways to deliver goods and services. In addition, the company believes that its technology has the potential to advance the revolutionary concept of autonomous trains into a practical reality. For more information, please visit https://www.railvision.io/

    Forward-Looking Statements

    This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the parties intention to proceed with a definitive agreement to advance their collaboration, the Company’s entry into the Indian market, including the substantial market opportunity for the Company, the Company’s receipt of additional milestone payments under the MOU, how this collaboration aims to position Rail Vision’s innovative technologies for inclusion in future tenders and ongoing projects to enhance rail safety by equipping locomotives with advanced systems for accident avoidance, particularly in adverse weather conditions and its belief that a successful collaboration with Sujan Ventures and a strong presence in India could elevate Rail Vision to a new level in the rail safety and technology market. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F filed with the SEC on March 28, 2024. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Rail Vision is not responsible for the contents of third-party websites.

    Investor Relations
    Michal Efraty
    investors@railvision.io


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