Tag: Inc

  • Use of AI in cybersecurity surges in Singapore

    Use of AI in cybersecurity surges in Singapore

    Artificial Intelligence (AI) is no longer a futuristic concept in cybersecurity but is now the frontline. Fortinet, a global leader in cybersecurity, has unveiled findings from a 2025 IDC survey that show a dramatic surge in AI adoption across Singapore’s enterprises, with 82% of organisations already integrating AI into their security operations.

    The IDC study, commissioned by Fortinet, highlights how AI is now central to threat detection, incident response and even recruitment and investment strategies. As cyber threats grow more sophisticated, AI is being deployed not just to keep pace, but to get ahead.

    AI: A double-edged sword

    AI is transforming cybersecurity on both sides of the battlefield. While defenders use it to automate detection and scale threat intelligence, attackers are also leveraging AI to launch faster, stealthier and more adaptive campaigns.

    The survey found that some 56% of Singapore organisations encountered AI-powered threats in the past year. Among them, 52% saw a two-fold increase in threat volume, while 42% reported a three-fold surge. These attacks often exploit gaps in visibility and governance, making them harder to detect and contain.

    From detection to prediction

    AI’s role in cybersecurity is advancing rapidly. Beyond basic detection, organisations are now deploying AI for automated response, predictive threat modelling and behavioural analytics.

    Generative AI (GenAI) is gaining traction for tasks like updating rules, detecting social engineering, and guiding investigations. However, trust in full autonomy remains low. Auto-remediation is still rare, indicating that most teams are in the “co-pilot” phase of AI adoption.

    Building AI-first teams

    The rise of AI is reshaping the cybersecurity workforce. The top five roles in demand across Singapore include security data scientists, AI security engineers and AI-specific incident response professionals.

    Organisations are no longer just buying AI tools but building teams around them. This reflects a broader trend of aligning talent with technology to stay ahead of evolving threats.

    Strategic spending and smarter investments

    Cybersecurity budgets are increasing, but cautiously. While 86% of organisations reported budget growth, 68% saw increases of less than 5%.

    Spending is being directed toward high-impact areas like identity security, Zero Trust frameworks, and cloud-native protection. This marks a shift from infrastructure-heavy investments to more targeted, risk-centric strategies.

    Understaffed and overwhelmed

    Despite growing executive attention, many cybersecurity teams remain stretched thin. Only 6% of the total workforce is allocated to internal IT, and just 13% of that focuses on cybersecurity. Less than 15% of organisations have a dedicated Chief Information Security Officer (CISO), and only 6% have purpose-built threat hunting teams.

    This lack of specialisation is contributing to burnout and reduced effectiveness.

    Convergence and consolidation take centre stage

    To combat complexity, organisations are embracing unified cybersecurity frameworks. A staggering 96% are either converging security and networking or actively evaluating it. Additionally, 70% are considering vendor consolidation – not just for cost savings, but for better integration, faster support and improved security posture.

    Simon Piff, Research Vice-President at IDC Asia-Pacific, noted: “Organisations are no longer experimenting with AI, they are embedding it across threat detection, incident response and team design. This signals a new era of security operations that is smarter, faster and more adaptive to the evolving risk landscape. AI is fundamentally reshaping how threats are identified, prioritised and acted upon. This evolution demands a parallel shift in strategy and talent.”

    Jess Ng, Country Manager, Singapore and Brunei, Fortinet, added: “CISOs across Singapore are entering a more advanced phase of cybersecurity planning – one where AI is not just augmenting defences but influencing how organisations structure teams, allocate budgets and prioritise threats. At Fortinet, we are helping customers embrace this shift by embedding AI across the platform, enabling faster detection, smarter responses, and more resilient operations as cyber risks become more complex and distributed.”

    About Fortinet

    Fortinet is a driving force in the evolution of cybersecurity and the convergence of networking and security. Our mission is to secure people, devices, and data everywhere, and today we deliver cybersecurity everywhere our customers need it with the largest integrated portfolio of over 50 enterprise-grade products. Well over half a million customers trust Fortinet’s solutions, which are among the most deployed, most patented, and most validated in the industry. The Fortinet Training Institute, one of the largest and broadest training programs in the industry, is dedicated to making cybersecurity training and new career opportunities available to everyone. Collaboration with esteemed organizations from both the public and private sectors, including Computer Emergency Response Teams (“CERTS”), government entities, and academia, is a fundamental aspect of Fortinet’s commitment to enhance cyber resilience globally. FortiGuard Labs, Fortinet’s elite threat intelligence and research organization, develops and utilizes leading-edge machine learning and AI technologies to provide customers with timely and consistently top-rated protection and actionable threat intelligence. Learn more at https://www.fortinet.com, the Fortinet Blog, and FortiGuard Labs.

    Media Contact:
    Leonard Low
    leonard.low@priorityconsultants.com

  • International Land Alliance Brings Baja to Buyers with Live Zoom Webinar Experience

    International Land Alliance, Inc. (OTCQB: ILAL), a leading international land investment and development firm, announced today the launch of a series of live Zoom webinars designed to provide prospective homebuyers and investors with an immersive, real-time look at the Company’s flagship development, Rancho Costa Verde, located in the scenic San Felipe region of Baja, Mexico.

    The inaugural webinar, hosted by ILAL’s Vice President of Marketing Robert Rios, will be held Thursday, August 6 at 7:00 p.m. PDT (10:00 p.m. EDT). Attendees can register in advance at: Zoom Registration Link

    “There has been so much interest nationwide, and not everyone can travel to San Diego and then Baja—so we decided to bring Baja to them,” said ILAL President Frank Ingrande. “This is the first of many events, and we’re excited to eventually broadcast future sessions directly from the resort community itself.”

    The webinars aim to bridge the gap between lifestyle homebuyers and the investment community by offering both groups a transparent look into ILAL’s unique vision. Rancho Costa Verde is a sustainable, solar-powered residential resort development offering affordable, high-quality homes along the Sea of Cortez.

    “Why can’t we create crossover excitement between intelligent homebuyers and savvy pubco investors” Ingrande added. “The Zoom webinars are a vehicle for transparency and engagement. Our goal is to show—not just tell—what makes our company and properties so unique.”

    As a special incentive, participants who complete the post-event survey will receive a complimentary 3-day, 2-night Baja Weekend Getaway, which includes transportation from San Diego, accommodations, and most meals.

    In a further strategic development, ILAL has secured an exclusive agreement to become the sole licensed reseller in Mexico for a popular U.S.-based tiny home product line, furthering its commitment to sustainable living. Full details will be released in a separate announcement scheduled for pre-market Tuesday, August 12.

    For more information about ILAL and its properties, visit www.ila.company

    About International Land Alliance, Inc. 

    International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by allotting considerable resources to seek out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company

    Media Contact:
    Investor Relations
    International Land Alliance, Inc.
    Email: info@ila.company
    Phone: (877) 661-4811

    Safe Harbor Statement

    The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may,” “expects,” “believes,” “anticipates,” “intends,” “projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations, and actual results may vary (perhaps materially) from certain of the results anticipated herein.

  • International Land Alliance Announces Tiny Home Offerings at Cabo Oasis Development

    International Land Alliance Announces Tiny Home Offerings at Cabo Oasis Development

    International Land Alliance, Inc. (OTCQB: ILAL) (“ILAL” or the “Company”), a global real estate investment and development firm, today announced the launch of a new product offering at its flagship Cabo Oasis and Valle Divino developments in Baja California. With a focus on sustainable design and affordability, this initiative marks a significant expansion of the Company’s master-planned communities.

    International Land Alliance has identified initial locations within its 500-acre Cabo Oasis beachfront development to introduce Tesla-powered tiny homes. These units are designed to serve as vacation, second, or retirement residences—offered at a purchase price of under $100,000 or a lease option for under $1,000 per month.

    “We are bringing sustainable, high-quality living to everyone at a price that was once unimaginable,” said Frank Ingrande, President & CEO. “These homes emphasize eco-friendly design, compact efficiency, and cutting-edge technology, all while helping solve the affordability crisis that’s impacting many, especially in California.”

    As part of our broader vision to expand Cabo Oasis, ILAL is developing separate private neighborhoods within the master-planned community to accommodate a wide variety of homeownership needs and budgets—including condominiums, private estates, and these new tiny home options.

    The Company is currently in discussions with a leading tiny home manufacturer and expects to receive its first Tesla-powered model at Cabo Oasis within the next 30 days. The name of the provider will be announced shortly thereafter.

    The tiny homes will be available in both stationary and mobile versions, enabling owners to relocate between ILAL’s growing portfolio of communities across Baja California.

    Key Features of the Cabo Oasis Tiny Homes:

    • Solar-Powered Everything – Integrated Tesla Solar Roof panels and a Powerwall battery ensure energy independence making this 100% off-grid capable.
    • Smart Home Integration – Includes full home automation for lighting, climate, and security controls.
    • Sleek, Futuristic Design – Modular interiors that maximize space and feature premium finishes.
    • Zero Utility Costs – Energy-efficient systems designed to eliminate traditional energy bills.

    About Cabo Oasis

    Cabo Oasis is International Land Alliance’s flagship beachfront community in Baja California, featuring 500 acres of master-planned development with ocean views, resort amenities, and a wide range of residential options designed for sustainable coastal living.

    About Valle Divino

    Located in the heart of Baja’s wine country, Valle Divino is a luxury vineyard community that offers scenic living amidst Ensenada’s world-renowned wine region. The project blends boutique vineyard living with modern sustainability.

    About International Land Alliance, Inc.

    International Land Alliance, Inc. (OTCQB: ILAL) is a publicly traded real estate development company focused on acquiring desirable land and real estate assets in Northern Baja California and Southern California. With a mission to provide accessible housing solutions through innovative design and technology, ILAL builds environmentally friendly communities for vacation, retirement, and investment buyers.

    International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.

    For media inquiries, contact:
    Investor Relations
    info@ila.company
    (877) 661-4811
    www.ila.company

    Safe Harbor Statement

    The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may,” “expects,” “believes,” “anticipates,” “intends,” “projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

  • International Land Alliance Unveils New Revenue Model Featuring 100 Rental Homes in Cabo Oasis

    International Land Alliance Unveils New Revenue Model Featuring 100 Rental Homes in Cabo Oasis

    International Land Alliance, Inc. (OTCQB: ILAL), (“ILAL” or the “Company”), an international land investment and development firm, today announced a new planned phase at its Cabo Oasis development.  With the engineering and interior roads already completed, the Company plans to begin offering this rental property product in the next 45 days.

    “The market for rentals in Baja is in high demand and we will be meeting that demand with this new phase,” said ILAL president Frank Ingrande. “Not only is this a natural conduit for subsequent sales but will provide recurring rental revenues in addition to management fees.  We have added a new marketing team with offices in Las Vegas and Northern California to focus on the new rental and sales phases.  We have worked with this team that will now be operating in Las Vegas and Northern California for over 20 years and are excited to add this new inventory to their product offering.  We have already started our weekly informational dinner seminars in Las Vegas and had our first on site sales tour.”

    Sales continue to be strong for ILAL as the sales team reported 8 new homesite contracts signed over the weekend, including 4 contracts from newly released inventory at Cabo Oasis. With the beachfront inventory sold, the Company has released and opened for sales sites in Oasis Phase II, which comprises 200 homesites with an average price of $30,000. Four additional sales contracts were reported from Rancho Costa Verde homesites.

    As previously announced, the Company reported sales at Cabo Oasis of 23 beachfront lots average price entry prices of $80,000 each and 5 new homes in the contract stage. The new homes are being built on beachfront homesites adjacent to the planned 72-room condotel on the beach fronting an existing natural lagoon at Cabo Oasis. This will serve as a flagship amenity for owners at both Rancho Costa Verde and Cabo Oasis. This Sante Fe style design will be a scaled-up version of the existing boutique hotel at Rancho Costa Verde.  The total construction revenue for these first five homes is projected to be in excess of $1.3M, with the first home expecting break ground in August 2025.

    The Company opened up sales at its Cabo Oasis, a master planned community located just eight kilometers south of Rancho Costa Verde in San Felipe, Baja California. With 500 homesites available for development, this represents over $15,000,000 in gross lot sales potential, followed by over $125,000,000 in gross potential construction revenue.

    About International Land Alliance, Inc.

    International Land Alliance, Inc. (OTCQB: ILAL) is an international land investment and development firm based in San Diego, California. As its’ core mission, the Company has embraced technology for sustainable and socially responsible solutions, in addition to using proptech and construction tech advanced applications to meet these goals. The Company is focused on acquiring attractive raw land primarily in Northern Baja California, often within driving distance from Southern California. The Company serves its shareholders by devoting considerable time and resources to seeking out the finest sites available and obtaining the necessary development permits to build a compelling portfolio of properties, which provide a diversity of investment and living options. Please visit: www.ila.company.

    Safe Harbor Statement

    The press release may include certain statements that are not descriptions of historical facts but are forward looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements may include the description of our plans and objectives for future operations, assumptions underlying such plans and objectives, and other forward-looking terminology such as “may,” “expects,” “believes,” “anticipates,” “intends,” “projects,” or similar terms, variations of such terms or the negative of such terms. There are a number of risks and uncertainties that could cause actual results to differ materially from the forward-looking statements made herein. Such information is based upon various assumptions made by, and expectations of, our management that were reasonable when made but may prove to be incorrect. All such assumptions are inherently subject to significant economic and competitive uncertainties and contingencies beyond our control and upon assumptions with respect to the future business decisions which are subject to change. Accordingly, there can be no assurance that actual results will meet expectations and actual results may vary (perhaps materially) from certain of the results anticipated herein.

    CONTACT:
    Amplifi PR
    Erik Blum
    Erik@AmplifiPR.com

  • Coya Therapeutics Announces Positive Interim Results of an Investigator-Initiated Open Label Study with Low-Dose IL-2 and CTLA4-Ig Combination Treatment in Five Patients with Mild to Moderate Frontotemporal Dementia

    Coya Therapeutics Announces Positive Interim Results of an Investigator-Initiated Open Label Study with Low-Dose IL-2 and CTLA4-Ig Combination Treatment in Five Patients with Mild to Moderate Frontotemporal Dementia

    – Results from the first patient cohort (N=5) of an open-label proof of concept academic study with low-dose IL-2 and CTLA4-Ig demonstrated a rapid and durable statistically significant increase in the number and suppressive function of Tregs compared to baseline values.
    – Clinically, patients with Frontotemporal Dementia (FTD) demonstrated minimal to no cognitive decline throughout the study period. Treatment was well tolerated, no serious adverse events were reported, and all 5 patients completed the study.

    Coya Therapeutics, Inc. (NASDAQ: COYA) (“Coya” or the “Company”), a clinical-stage biotechnology company developing biologics intended to enhance regulatory T cell (Treg) function announced positive interim results of an investigator-initiated proof of concept open-label study with low-dose IL-2 and CTLA4-Ig combination treatment in patients with Frontotemporal Dementia (FTD). The study is led by Dr. Alireza Faridar and Dr. Stanley Appel at the Houston Methodist Neurological Institute (Houston, TX) with funding from The Peggy and Gary Edwards Endowment Fund. Study patients received subcutaneously administered CTLA4-Ig, followed by a 5-day course of low-dose IL-2 every four weeks, for a total of 22 weeks of dosing and follow-up. The study aims to enroll up to 10 patients, and these interim results include data from the first 5 patients with mild to moderate FTD who have completed the full course of treatment.

    Dr. Arun Swaminathan, Coya’s Chief Executive Officer followed: “The results thus far are consistent with previously published encouraging data from an open-label investigator-initiated study of patients with ALS treated with low-dose IL-2/CTLA4-Ig.  This interim data in FTD provides us further confidence of our approach to target and enhance Treg biology to address devastating neurodegenerative diseases including ALS and FTD”.

    Previous biomarker data presented by the Company demonstrated that FTD patients exhibit a compromised immunosuppressive function of regulatory T cells (Tregs), along with increased peripheral levels of inflammatory cytokines and chemokines, dysregulation of monocytes, and systemic activation of the inflammatory cascade, supporting the critical role of the immune system in the pathophysiology of FTD.

    One previous study showed that a cohort of 68 patients with FTD worsened by an average of 3.57 points over a 12-month period per the Clinical Dementia Rating – Frontotemporal Lobar Degeneration (CDR‐FTLD) scale (Knopman et al. Brain 2008; 131(11): 2957-2968). In addition, patients with FTD typically have shorter survival times and more rapid rates of cognitive and functional decline compared to patients with Alzheimer’s disease (Rascovsky et al. Neurology 2005; 65(3): 397-403).

    Dr. Fred Grossman, Coya’s Chief Medical Officer stated: “We are excited with the results observed in this initial group of patients with this proof-of-concept study.  We believe that the increase in Treg numbers and suppressive function, with subsequent anti-inflammatory biological activity still to be evaluated, underscores the potential for this low-dose IL-2/CTLA4-Ig combination to be further studied as a therapy for FTD, for which there are no currently approved treatments.”

    Summary of Interim Study Results

    Overall, treatment with low-dose IL-2 and CTLA4-Ig was well tolerated.  All 5 patients enrolled in the first cohort completed the study and received the investigational treatment as planned.  The most common adverse events were mild injection site reactions. No serious adverse events were reported.

    Treg numbers and suppressive function increased after the first treatment cycle (p < 0.01 and p < 0.05, respectively, and remained at higher significant levels throughout the treatment period.

    Clinical functional assessments were performed in all patients at pre-specified timepoints over the course of the study using validated tools, including the Clinical Dementia Rating – Frontotemporal Lobar Degeneration (CDR‐FTLD) scale, the Montreal Cognitive Assessment (MoCA) scale, and the Progressive Aphasia Severity Scale (PASS).  Results of the functional tests show that, on average, these five FTD patients treated with low-dose IL-2 and CTLA4-Ig combination exhibited minimal to no cognitive decline over the course of the study, compared to pre-treatment values.

    The Company intends to publish and/or present more comprehensive data in a future peer-reviewed meeting and/or publication.

    About Frontotemporal Dementia

    Frontotemporal dementia (FTD) refers to a group of neurodegenerative disorders characterized by altered behavior and language, with a progressive decline in executive function.1 FTD affects an estimated 30,000 Americans.2 FTD is categorized clinically into various subtypes; the main three include behavioral-variant frontotemporal dementia and two language variants, semantic dementia (also known as semantic variant primary progressive aphasia) and progressive non-fluent aphasia (also known as non-fluent variant primary progressive aphasia).  It’s a presenile dementia, meaning it can occur in younger individuals, often between the ages of 45 and 64. The average age of onset is 58, with an average survival time of 7.5 years.1,2

    References
    1. Knopman et al. Development of methodology for conducting clinical trials in frontotemporal lobar degeneration. Brain 2008; 131(11): 2957-2968

    2. Rascovsky et al. Rate of progression differs in frontotemporal dementia and Alzheimer disease. Neurology 2005; 65(3): 397-403

    About Coya Therapeutics, Inc.

    Headquartered in Houston, TX, Coya Therapeutics, Inc. (Nasdaq: COYA) is a clinical-stage biotechnology company developing proprietary treatments focused on the biology and potential therapeutic advantages of regulatory T cells (“Tregs”) to target systemic inflammation and neuroinflammation. Dysfunctional Tregs underlie numerous conditions, including neurodegenerative, metabolic, and autoimmune diseases, and this cellular dysfunction may lead to sustained inflammation and oxidative stress resulting in lack of homeostasis of the immune system.

    Coya’s investigational product candidate pipeline leverages multiple therapeutic modalities aimed at restoring the anti-inflammatory and immunomodulatory functions of Tregs. Coya’s therapeutic platforms include Treg-enhancing biologics, Treg-derived exosomes, and autologous Treg cell therapy.

    COYA 302 is a combination treatment comprised of low-dose IL-2 and CTLA4-Ig is an investigational therapy with a dual immunomodulatory mechanism of action intended to enhance the anti-inflammatory function of Tregs and suppress the inflammation produced by activated monocytes and macrophages. Coya is developing COYA 302 for the treatment of fatal neurogenerative diseases characterized by chronic inflammation and Treg dysfunction.

    For more information about Coya, please visit www.coyatherapeutics.com 

    Forward-Looking Statements

    This press release contains “forward-looking” statements that are based on our management’s beliefs and assumptions and on information currently available to management. Forward-looking statements include all statements other than statements of historical fact contained in this presentation, including information concerning our current and future financial performance, business plans and objectives, current and future clinical and preclinical development activities, timing and success of our ongoing and planned clinical trials and related data, the timing of announcements, updates and results of our clinical trials and related data, our ability to obtain and maintain regulatory approval, the potential therapeutic benefits and economic value of our product candidates, competitive position, industry environment and potential market opportunities. The words “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” and similar expressions are intended to identify forward-looking statements.

    Forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other factors including, but not limited to, those related to risks associated with the success, cost and timing of our product candidate development activities and ongoing and planned clinical trials; our plans to develop and commercialize targeted therapeutics; the progress of patient enrollment and dosing in our preclinical or clinical trials; the ability of our product candidates to achieve applicable endpoints in the clinical trials; the safety profile of our product candidates; the potential for data from our clinical trials to support a marketing application, as well as the timing of these events; our ability to obtain funding for our operations; development and commercialization of our product candidates; the timing of and our ability to obtain and maintain regulatory approvals; the rate and degree of market acceptance and clinical utility of our product candidates; the size and growth potential of the markets for our product candidates, and our ability to serve those markets; our commercialization, marketing and manufacturing capabilities and strategy; future agreements with third parties in connection with the commercialization of our product candidates; our expectations regarding our ability to obtain and maintain intellectual property protection; our dependence on third party manufacturers; the success of competing therapies or products that are or may become available; our ability to attract and retain key scientific or management personnel; our ability to identify additional product candidates with significant commercial potential consistent with our commercial objectives; ; and our estimates regarding expenses, future revenue, capital requirements and needs for additional financing.

    We have based these forward-looking statements largely on our current expectations and projections about future events and trends that we believe may affect our financial condition, results of operations, business strategy, short-term and long-term business operations and objectives, and financial needs. Moreover, we operate in a very competitive and rapidly changing environment, and new risks may emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties and assumptions, the forward-looking events and circumstances discussed herein may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Although our management believes that the expectations reflected in our forward-looking statements are reasonable, we cannot guarantee that the future results, levels of activity, performance or events and circumstances described in the forward-looking statements will be achieved or occur. We undertake no obligation to publicly update any forward-looking statements, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

    Investor Contact:
    David Snyder, CFO
    david@coyatherapeutics.com

    CORE IRBret
    Shapirobrets@coreir.com
    561-479-8566

    Media Contacts

    For Coya Therapeutics:
    Kati Waldenburg
    media@coyatherapeutics.com
    212-655-0924

  • Sonim Unveils All-New XP Pro Thermal 5G Smartphone at Mobile World Congress

    Sonim Unveils All-New XP Pro Thermal 5G Smartphone at Mobile World Congress

    Combining 5G Connectivity, Advanced Thermal Imaging, a Slim Design, and Built-to-Endure Toughness

    Sonim Technologies (NASDAQ: SONM), a U.S.-based leader in rugged mobile solutions, today introduced the Sonim XP Pro Thermal 5G smartphone, the latest addition to its flagship XP Pro series. This professional rugged solution blends 5G connectivity, integrated thermal imaging, and exceptional durability into a sleek design that empowers professionals to work smarter, faster, and more efficiently-no matter the challenge or environment.

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    “The best thermal camera is the one you have with you,” said Chuck Becher, Chief Commercial Officer at Sonim Technologies. “With the XP Pro Thermal, you eliminate the need for bulky standalone devices or costly add-ons. This all-in-one solution is compact, cost-effective, and ready to go wherever the job takes you. It is designed to save time, enhance productivity, and provide users with a reliable, durable tool that performs in the toughest environments.”

    Professional-Grade Imaging Meets 5G Performance

    The XP Pro Thermal raises the bar with FLIR Lepton® 3.5 thermal imaging powered by the Snapdragon® 7 Gen 3 chipset. This combination enables capturing, analyzing, sharing, and live-streaming thermal data over 5G networks for real-time decision-making. Enhanced with Teledyne FLIR’s MSX® technology, the thermal imaging system overlays visible-light details on heat maps for exceptional context.

    Built to Endure

    The XP Pro Thermal combines a long-lasting 5000 mAh battery with fast-charge and wireless charging to keep professionals ready all day long. Designed to Sonim Rugged Performance Standards™ (RPS), it withstands water, dust, shocks, and extreme temperatures. The slim, ergonomic design, Gorilla® Glass Victus II®-protected 6.58″ FHD+ display, 8GB of RAM, 256GB of storage (expandable up to 1TB1), and Android 14 make it a versatile, tough solution for everyday use.

    Built for Professionals in Demanding Industries

    The XP Pro Thermal is designed to meet the needs of those working in the world’s demanding roles, combining thermal imaging with durability and the ability to be easily disinfected, with use cases that include:

    • Electrical Maintenance – Detect overheating or potential fire hazards for preventative action.
    • HVAC and Plumbing – Pinpoint insulation gaps for increased energy efficiency, locate leaks or blockages behind walls without invasive damage.
    • Inspection and Safety – Identify risks in low-light or hazardous environments with ease.
    • Energy and Utilities – Detect faulty transformers, overloaded circuits, or connections; monitor pipelines for leaks which helps to improve safety and efficiency of field workers.
    • Automotive – Quick detection of heat-related issues in engines.
    • Construction and Home Improvement – Detecting insulation issues, air leaks, or water damage.
    • Pest and rodent control – Identify exact location of nests and minimize invasive damage to remove them.
    • Public safety and first responders – Provide situational awareness with a cost-effective, all-in-one tool.
    • Agriculture – Easily monitor livestock health, detect crop stress and pests.

    Preloaded with the Sonim IRIS software app-which contains MyFLIR Pro-and is fully compatible with FLIR Thermal Studio, the device streamlines workflows by enabling users to analyze thermal data on-site, share findings instantly, or generate professional-grade reports.

    Opening Doors to Innovation

    Sonim IRIS is a versatile software suite with an integrated SDK, enabling custom app development tailored to industries like construction, utilities, trades, and emergency services. It helps professionals streamline workflows, enhance reporting, and seamlessly integrate with existing systems to drive efficiency and performance.

    Key Features at a Glance**

    • Thermal Imaging – Integrated FLIR Lepton 3.5 with MSX for enhanced visuals2.
    • 5G Connectivity – Powered by Snapdragon® 7 Gen 3 for fast sharing and live-streaming.
    • Long-Lasting Power – Robust 5000 mAh battery with advanced charging options for all-day3 use.
    • Ultra Durability – Military-grade certifications, IP-rated protection4, Sonim Rugged Performance standards, and Gorilla® Glass Victus II®.
    • SonimWare software support – Comprehensive suite of professional-grade software tools for device management, application deployment, and seamless integration into enterprise workflows.
    • Flexible Platform – SDK-enabled Sonim IRIS software for custom app development.

    Availability

    The Sonim XP Pro Thermal will launch in Europe and South Africa in Q2 2025, with availability in other regions to follow at a later date. Pre-orders will open soon.

    Experience it at Mobile World Congress

    Visit Sonim and Teledyne FLIR at Mobile World Congress, Hall 7 stand 7B6, for a firsthand look at the XP Pro Thermal. Discover how Sonim is shaping the future of rugged technology-redefining what is possible for professionals in every industry.

    For more information, visit www.sonimtech.com/products/phones/xp-pro-thermal

    To schedule an interview, contact anette.gaven@sonimtech.com

    Sonim is a registered trademark of Sonim Technologies, Inc.

    Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

    FLIR and MSX are registered trademarks of Teledyne FLIR, LLC.

    Android is a trademark of Google LLC.

    1External storage sold separately.

    2The thermal imaging functionality is powered by Teledyne FLIR® OEM technology. Performance may vary based on environmental conditions and object emissivity.

    3Battery life varies significantly with settings, usage and other factors.

    4As of the time of the publication of this press release MIL-STD-810H, IP68, and IPX9K certifications for the XP Pro Thermal are currently undergoing testing in a third-party lab and are expected to meet these standards upon completion. Final certification results may vary, and users are encouraged to verify the latest updates prior to purchase. Water and dust resistance are not permanent and may decrease with normal wear. Do not charge the device when wet.

    *The XP Pro Thermal is designed to operate on select carrier networks. Network compatibility and availability depend on carrier certification and local regulations. Please check with your service provider for details; Wireless connectivity, including 5G, Wi-Fi, and Bluetooth performance, may vary depending on regional availability, carrier support, and network conditions.

    **Features and specifications are subject to change without notice. Availability may vary by region.

    About Sonim Technologies

    Sonim Technologies is a leading U.S. provider of ultra-rugged and rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

    Forward-Looking Statements

    This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, as amended. These statements relate to, among other things, the the timeline of new products. These forward-looking statements are based on Sonim’s current expectations, estimates and projections about its business and industry, management’s beliefs and certain assumptions made by Sonim, all of which are subject to change. Forward-looking statements generally can be identified by the use of forward-looking terminology such as “achieve,” “aim,” “ambitions,” “anticipate,” “believe,” “committed,” “continue,” “could,” “designed,” “estimate,” “expect,” “forecast,” “future,” “goals,” “grow,” “guidance,” “intend,” “likely,” “may,” “milestone,” “objective,” “on track,” “opportunity,” “outlook,” “pending,” “plan,” “poised,” “position,” “possible,” “potential,” “predict,” “progress,” “promises,” “roadmap,” “seek,” “should,” “strive,” “targets,” “to be,” “upcoming,” “will,” “would,” and variations of such words and similar expressions or the negative of those terms or expressions. Such statements involve risks and uncertainties, which could cause actual results to vary materially from those expressed in or indicated by the forward-looking statements. Factors that may cause actual results to differ materially include, but are not limited to, the following: the availability of cash on hand; potential material delays in realizing projected timelines for Sonim’s products; the current interest and potential attempt of a hostile takeover from a third party may divert the management attention from Sonim’s business and may require significant expenses; Sonim’s susceptibility to supply chain disruptions; a potential strain on Sonim’s resources as a result of rapid customer ramp-up and significant increases in demand; Sonim’s material dependence on its relationship with a small number of customers who account for a significant portion of Sonim’s revenue; risks related to Sonim’s ability to comply with the continued listing standards of the Nasdaq Stock Market and the potential delisting of Sonim’s common stock; Sonim’s ability to continue to develop solutions to address user needs effectively, including its next-generation products; Sonim’s reliance on third-party contract manufacturers and partners; Sonim’s ability to stay ahead of the competition; Sonim’s ongoing transformation of its business; the variation of Sonim’s quarterly results; the lengthy customization and certification processes for Sonim’s wireless carries customers; various economic, political, environmental, social, and market events beyond Sonim’s control, as well as the other risk factors described under “Risk Factors” included in Sonim’s most recent Annual Report on Form 10-K and any subsequent quarterly filings on Form 10-Q filed with the Securities and Exchange Commission (available at www.sec.gov). Sonim cautions you not to place undue reliance on forward-looking statements, which speak only as of the date hereof. Sonim assumes no obligation to update any forward-looking statements in order to reflect events or circumstances that may arise after the date of this release, except as required by law.

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/242257

  • Introducing the Sonim XP400: a 5g Smartphone Engineered for Demanding Days with Unmatched Durability, Now Available in EMEA and Australia

    Introducing the Sonim XP400: a 5g Smartphone Engineered for Demanding Days with Unmatched Durability, Now Available in EMEA and Australia

    Built tough for every challenge, the Sonim XP400 combines advanced rugged specs, 5G connectivity, and essential productivity tools in a sleek, durable design-perfect for prosumers, tradesmen, and adventurers who demand performance that lasts.

    Sonim Technologies (NASDAQ: SONM), a U.S.-based leader in rugged mobile solutions, today announced the availability of the Sonim XP400 5G smartphone across Europe, South Africa, and Australia. Engineered to meet the needs of professionals and adventurers alike, the XP400 combines best-in-class durability, seamless productivity, and advanced performance in one trusted device. Whether facing the challenges of a job site, farm field, or remote wilderness, the XP400 is designed to keep users connected and productive no matter the conditions.

    Cannot view this image? Visit: https://images.newsfilecorp.com/files/8971/238048_0402c6ae4412787e_001.jpg

    Sonim XP400

    To view an enhanced version of this graphic, please visit:
    https://images.newsfilecorp.com/files/8971/238048_0402c6ae4412787e_001full.jpg

    Designed to tackle the toughest environments

    The Sonim XP400 maintains the Sonim benchmark for professional rugged smartphones, with robust protection against drops, water, dust and more due to its military standard (MIL-STD-810H) certification, ingress protection durability ratings (IP68 & IPX9K), combined with Sonim’s proprietary Rugged Performance Standards and Corning® Gorilla® Glass Victus II display. With the ability to withstand drops of 1.5 metres onto concrete, endure extreme temperatures, resist fresh water submersion up to 1.5 metres for up to thirty minutes, resistance to salt fog, and much more, the XP400 is tailor-made for diverse environments and versatile enough to adapt to both professional and personal use. Its advanced performance is maintained in wet conditions or while using gloves due to its large 16.5 cm responsive touchscreen.

    “Customers today demand rugged technology that not only withstands the toughest environments but also offers exceptional value, unmatched by other phones in its class,” said Simon Rayne, GM of EMEA and APAC for Sonim Technologies. “The XP400 brings a new option to the market, combining Sonim’s trusted reputation among workers in critical communications with a professional-grade rugged form factor at a competitive price point. By addressing a clear market void with both carriers and resellers, the XP400 positions Sonim to capture significant share across EMEA and Asia-Pacific.”

    Power effortlessly through the day and into the night

    The Sonim XP400 supports non-stop productivity with the Qualcomm® Snapdragon® 4 Gen 2 Mobile Platform, a powerful 5000mAh battery that outlasts other devices in its class1, and 6GB of RAM. Packed with enhancing features like dual SIM slots, expandable storage of up to 2TB (SD cards sold separately), and the SonimWare™ software suite with barcode scanning, device management, and cloud management tools, the phone is ready to handle complex tasks and long hours. Fast-charging support makes recharging simple, while features like noise-canceling microphones and dual loudspeakers2 enable crystal-clear communication even in loud environments.

    Pre-installed with Android 14 with guaranteed updates to versions 15 and 16, alongside five3 years of security patches, the XP400 ensures smooth performance for years to come.

    Built for professionals and adventurers on the move

    The Sonim XP400 is the ultimate companion for those in agriculture, healthcare construction, HVAC, plumbing, or any occupation requiring unmatched reliability. For outdoor enthusiasts or those who spend long days in the field, tools like near field communications (NFC), programmable keys, and other features ensure the XP400 adapts to your lifestyle.

    With its 50MP rear camera, 5MP wide-angle lens, and 8MP front camera, users can easily document projects or capture their favorite outdoor adventures. Every capability of the device is tailored to ensure users are equipped for success wherever work and life takes them.

    A legacy of trust and support
    Sonim Technologies is trusted by enterprise, government, and critical communications customers worldwide for its commitment to rugged innovation and customer satisfaction. Backed by a three-year warranty4 and exceptional customer care, the XP400 continues Sonim’s reputation as a reliable partner for businesses and individuals alike. With a proven presence in North America, Europe, and Australia, Sonim delivers performance customers depend on.

    Availability
    The Sonim XP400 is available now through leading distributors, retailers, and carriers across EMEA, including BelSimpel in the Netherlands, MediaMkt in Germany, and Dustin in the Nordics, and Australia. For organizations or individuals seeking the perfect balance of rugged performance, cutting-edge features, and lasting reliability, the XP400 is the ultimate solution.

    To learn more about the Sonim XP400 or to find an authorized reseller, visit https://www.sonimtech.com/products/phones/xp400 or contact our sales team directly.

    1 Certified battery delivers a minimum of 4960 mAh
    2 To prevent possible hearing damage, do not listen at high volume levels for long periods of time.
    Three years of security patches plus an additional two years of emergency security patches as and when required
    4 Visit https://www.sonimtech.com/support/warranties for warranty details.

    Sonim is a registered trademark of Sonim Technologies, Inc.

    Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

    Android is a trademark of Google LLC.

    About Sonim Technologies
    Sonim Technologies is a leading U.S. provider of rugged mobile solutions, including phones, wireless internet data devices, accessories and software designed to provide extra protection for users that demand more durability in their work and everyday lives. Trusted by first responders, government, and Fortune 500 customers since 1999, we currently sell our ruggedized mobility solutions through tier one wireless carriers and distributors in North America, EMEA, and Australia/New Zealand. Sonim devices and accessories connect users with voice, data, workflow and lifestyle applications that enhance the user experience while providing an extra level of protection. For more information, visit www.sonimtech.com.

    Media Contact
    Anette Gaven
    M: 619-993-3058
    pr@sonimtech.com

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/238048

  • SMC Entertainment Executes Acquisition Agreement to Acquire Boutique Investment Manager, Bateau Asset Management

    SMC Entertainment Executes Acquisition Agreement to Acquire Boutique Investment Manager, Bateau Asset Management

    Providing Entry to Australian and Southeast Asian Financial Services Markets

    SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC PINK: SMCE), a Fintech incubator company focused on acquisition and support of commercialized financial services and technology (Fintech) companies, is pleased to announce that it has executed an Acquisition Agreement to acquire a 100% interest in Australia-based Bateau Asset Management, a boutique investment manager (“Bateau”). The acquisition will provide SMC with an initial presence in the Southeast Asia Fintech market.

    Since 2016, Bateau has offered an absolute-return investment philosophy delivered by a multi-manager approach to investing. Services include investment research and

    education with the objective of providing clients with rigorously constructed absolute return portfolios that they can understand.

    As further detailed in the Company’s Current Report on Form 8-K filed with the SEC, under the terms of the executed Acquisition Agreement, SMC will acquire 100% of Bateau in exchange for the issuance of 14,000,000 shares of Series C Preferred Stock and $2,000,000 in convertible promissory notes.

    About Bateau Asset Management

    Bateau Asset Management is a boutique investment manager founded in 2016 based in Australia with offices in Singapore. Bateau follows an absolute-return investment philosophy and a multi-manager approach to investing.

    To learn more, go to https://www.bateauam.com.au/.

    About SMC Entertainment, Inc.

    SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC’s multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. For more information on SMC, visit www.smceinc.com.

    Press Release Contact:
    Erik Blum
    Chief Executive Officer
    SMC Entertainment, Inc.
    360-820-5973

    Safe Harbor Statement
    Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by any third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.

  • Introducing the World’s First Rugged Rel 17 5G + Wi-Fi 7 Mobile Hotspot: Sonim H700 Debuts at Telstra

    Introducing the World’s First Rugged Rel 17 5G + Wi-Fi 7 Mobile Hotspot: Sonim H700 Debuts at Telstra

    Unmatched performance and feature set meets toughness and reliability in extreme conditions

    Sonim Technologies (NASDAQ: SONM) introduces the Sonim H700, the world’s first rugged 5G and Wi-Fi 7 mobile hotspot, available to Australians through Telstra. Featuring the Snapdragon® X75 Modem-RF system, the Sonim H700 offers advanced and reliable connectivity, ideal for professionals, first responders, and consumers needing high-speed internet in demanding conditions.

    “We’re thrilled to join forces with Telstra to introduce the Sonim H700 5G Mobile Hotspot, the industry’s first ultra-rugged device featuring both 5G and Wi-Fi 7 technologies, and other features not found on competing devices in its class,” said Peter Liu, CEO of Sonim. “This launch signifies a major leap forward in durability and connectivity, making our exceptional brand experience more accessible than ever before.”

    Future-proof advanced connectivity

    The Sonim H700 combines 5G and Wi-Fi 7 for gigabit speeds and low latency. With support for 5G, 4G, and 3G networks1, and external antenna ports, it ensures reliable connections even in low coverage areas. It supports up to 34 devices2, features a 2.5Gbps Ethernet port, USB 3.1 for tethering, and integrates seamlessly with existing routers, making it perfect for streaming 8K, gaming, and conferencing.

    Built for Extreme Conditions

    True to Sonim’s legacy, the Sonim H700 is engineered to perform in the most demanding environments. It meets a subset of Sonim’s proprietary Rugged Performance Standards (RPS), MIL-STD-810H military specifications, and IP68 certifications, ensuring flawless operation in virtually any condition3. The MIL-STD-810H standard guarantees resilience against drops, vibrations and other impacts, while the IP68 rating provides superior protection against water and dust ingress. Beyond these certifications, Sonim’s RPS adds an extra layer of durability by subjecting the device to a rigorous use case-scenario tests, including thermal shocks, chemical exposure, and pressure resistance. These features make the Sonim H700 ideal for construction and mining sites, emergency field locations, and outdoor activities and businesses.

    Long-Lasting Power and Management

    The 6000mAh removable battery provides extended use and doubles as a power bank4. ‘No Battery’ and ‘Battery Conservation’ modes ensure uninterrupted operation during outages. The intuitive touchscreen simplifies management of advanced networking features, while automatic power-on with power sensing ensures reliable, unsupervised connectivity. Plus, this IT-friendly solution includes advanced configurations like LAN/DHCP settings, IP passthrough, DNS, firewall, MAC/IP filtering, port forwarding, DMZ, and VPN passthrough.

    Gautam Sheoran, Vice President, Product Management, Qualcomm Technologies, Inc. commented: “We are proud to have our Snapdragon® X75 5G Modem-RF System at the heart of the Sonim H700 mobile hotspot. Bringing the best of 5G Rel 17 with Wi-Fi 7 in this segment is a significant leap forward and this powerful integration delivers exceptional connectivity and performance, making it a true work horse dedicated to providing reliable high-speed access in a variety of locations and use cases.”

    The Sonim H700 5G Mobile Hotspot is available through Telstra online and in select retail locations. For more information visit: https://www.telstra.com.au/internet/mobile-broadband/sonim/h700-5g-hotspot

    1 Data plan required. Actual results may vary. Coverage and data speeds subject to network availability.
    2 The H700 series supports up to 32 devices connected via Wi-Fi, plus two additional devices tethered via USB and Ethernet.
    3 Sonim devices are built for heavy duty use. They are certified to resist dust and water under International Electrotechnical Commission Ingress Protection (IP) Standard 60529. This means they are designed to minimize the intrusion of dust and can be submerged in water up to 6.5 feet deep (2 meters) for up to 30 minutes. They are also shock resistant and can withstand occasional drops from up to 5.9 feet (1.8 meters). While our devices are tough, they are not indestructible. Use outside these parameters is not recommended and is not warranted. After immersion, always promptly rinse and dry the device. For more information, visit www.sonimtech.com/support.
    4 Battery life and activity may vary with factors such as number of connected devices (Wi-Fi, Ethernet, USB), data usage, network conditions and amount of time the screen is actively ON.

    Sonim is a trademark or registered trademarks of Sonim Technologies, Inc.

    Snapdragon is a trademark or registered trademark of Qualcomm Incorporated. Snapdragon and Qualcomm branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Qualcomm patented technologies are licensed by Qualcomm Incorporated.

    About Sonim Technologies, Inc.
    Sonim Technologies is a leading U.S. provider of ultra-rugged, rugged and durable communication tools, including phones, wireless internet data devices, software and a robust ecosystem of accessories and partners that comprise solutions designed to provide extra protection and functionality for users that demand more in their work and everyday lives. Based in California, USA and operating globally, Sonim delivers carrier-grade solutions through leading carriers and distributors worldwide. Discover more at www.sonimtech.com.

    Media Contact
    Anette Gaven
    Sonim Technologies
    M: 619-993-3058
    pr@sonimtech.com

    Investor Contact
    Matt Kreps
    Darrow Associates Investor Relations
    mkreps@darrowir.com
    M: 214-597-8200

    To view the source version of this press release, please visit https://www.newsfilecorp.com/release/228095

  • SMC Enters into Acquisition Agreement to Purchase 100% of the Assets of ChainTrade Ltd. Launches AI-Powered Research Platform

    SMC Enters into Acquisition Agreement to Purchase 100% of the Assets of ChainTrade Ltd. Launches AI-Powered Research Platform

    SMC Entertainment, Inc. (“SMC” or the “Company”) (OTC: SMCE), a versatile incubator company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies, is excited to announce the launch of the Chaintrade AI powered research platform and that the Company has entered into an Acquisition Agreement to acquire 100% of the assets of ChainTrade Ltd.’s AI-powered Trading Platform (the “Platform”). The closing of the Acquisition is pending the completion of customary due diligence, which is expected to be completed within 30 days.

    Chaintrade is a Joint Venture between Plato Data Intelligence and Redmatter.Capital. and was built to revolutionize trading and investing by leveraging AI’s predictive capabilities.

    ChainTrade, is a UK-registered  Fintech company. Chaintrade has developed a Platform to allow users to trade Equities, ETFs, Commodities, and Indices with the support of a personalized AI-powered trading assistant. The Platform was built to revolutionize trading and investing by leveraging AI’s predictive capabilities. This will improve research, risk management and asset allocation. The Platform provides the user personalized and customized investment strategies and utilizes AI to evaluate assets within a portfolio.

    The launch of the AI research tool will enable investors to analyze thousands of data points including live price data, performance, investor sentiment, fair value, and risk factors simultaneously. These enable The ChainTrade AI Research tool to provide insights, enabling investors to make informed decisions to optimize their portfolio performance. ChainTrade and its founding members have spent the last three years building the required infrastructure to deploy it to the market. Once fully enabled the platform will be able to facilitate all transactions in a highly secured environment. The Platform’s development and features continue to evolve so it can be marketed across emerging markets. “I want to thank our shareholders for being patient with the management team. We continue to work towards the development of our vision for the company. With the pending acquisition of Chaintrade AI  our vision is now on a solid executable foundation.”  quoted Erik Blum, Chairman & CEO of SMC. “With the launch of the Chaintrade AI Research Tool we have another  foundation  block in place . We plan to deploy a fully functioning AI enhanced SaaS model  to market  by the end of the quarter . As well we will continue to build on the platform both organically and through acquisition. We have developed a very strong team internally which we believe can enhance our platform and increase our shareholder value  We expect to see positive revenue growth from the acquisition quickly. Nobody else can do what we do, we intend on being the best in class, what every other platform is measured against. This is an extremely exciting time for the company, and I look forward to executing on plan and uplisting to a senior exchange We are planning on providing a complete shareholder update within the next few weeks.”

    Prem Couture / Founder of Redmatter Capital: “We have developed a specialized language model tailored specifically for finance, with a focus on stocks, companies, revenue statements, balance sheets, and cash flow. This advanced model is adept at retrieving and analyzing data from live data feeds, providing real-time insights and analysis for financial professionals and investors. We have spent the last 3 years building our infrastructure around facilitating both OnChain and Offchain transactions in a highly secured environment.”

    Bryan Feinberg, Founder of Plato Data Intelligence: “As the underlying technologies we are developing continue to evolve, we can play in making AI more accessible to everyone, especially across emerging markets.”

    About SMC

    SMC is a versatile holding company focused on acquisition and support of proven commercialized financial services and technology (Fintech) companies. SMC’s multi-discipline growth by acquisition approach is to enhance revenues and shareholder equity. https://smceinc.com

    About Chaintrade

    Chaintrade LTD is a UK Registered Entity and is affiliated with Red Matter Capital LTD a registered financial service company, with its subsidiary licensed under a securities trading license granted by the Montenegro Capital Market Authority (CMA) Authorized by the law on capital markets by the government of Montenegro. https://chaintrade.ai

    Press Release Contact:
    Erik Blum / CEO
    SMC Entertainment, Inc.
    360-820-5973

     

    Safe Harbor Statement
    Some of the statements in this press release may be forward-looking statements or statements of future expectations based on currently available information. Such statements are naturally subject to risks and uncertainties. Factors such as the development of general economic conditions, future market conditions, unusual catastrophic loss events, changes in the capital markets, and other circumstances may cause the actual events or results to be materially different from those anticipated by such statements. The Company does not make any representation or warranty, express or implied, regarding the accuracy, completeness, or updated status of such forward-looking statements or information provided by the third-party. Therefore, in no case whatsoever will the Company and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages.