• SuperCom, a global leading provider of traditional and digital identity solutions (“DIS”), is targeting the expanding demand for DIS, and cybersecurity generally, to assert its position as a growing market leader
• The DIS market is projected to be valued at $83.2 billion by 2028, representing a CAGR of 19.3% over the forecast period
• The growing reliance on technology to solve emerging serious security issues is set to be one of the key factors fueling this growth
• SuperCom, through its increasing list of offerings, is delivering unique secured solutions tailored to the security space, part of a mission to revolutionize the public sector worldwide

It is projected that by 2028, the Digital Identity Solutions (“DIS”) market will be valued at $83.2 billion, representing a CAGR of 19.3% over the forecast period (2023-2028). Experts have pointed out that this growth will be primarily driven by the growing demand for DIS in different sectors, including, but not limited to, government and defense, banks, retail and commerce, energy and utility, healthcare, IT and telecom (https://ibn.fm/HHc4U). As a first-mover, SuperCom (NASDAQ: SPCB) is looking to take advantage of this spreading demand to create value for its shareholders and assert its position as a leader in its segment.

Given the growing identity and authentication fraud incidents, governments worldwide have embarked on initiatives facilitating ID security. In the financial sector, account takeovers have been on the rise, resulting in financial losses of billions of dollars annually. In the third quarter of the 2023 calendar year alone, account takeover attacks saw a 354% increase year-over-year, affecting at least 24 million households in the U.S. or 22% of adults in the country (https://ibn.fm/fPZlk).

These factors have prompted more companies to ramp up DIS and bolster their overall cybersecurity infrastructure. Blockchain, machine learning (“ML”), and artificial intelligence (“AI”) are some of the recent entrants into this space, indicating a strong reliance on technology to solve emerging security issues. They have also proven DIS to be the next-generation solution to identity governance and administration that effectively establishes a trusted identity, unlike previous forms of identity that were considered the norm.

Companies and governments are forced to find the perfect balance between service experience and security with the growing reliance on online services. Researchers have also shown that proper digital identity can make a big difference in customer differentiation, retention, and satisfaction, which SuperCom understands perfectly.

Through its offerings, the company delivers secured solutions specifically tailored to address emerging issues in the security space. Its efforts represent the company’s general mission to revolutionize the public safety sector worldwide through data intelligence, proprietary monitoring technology, and complementary services.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

• Eloro Resources has recently filed its NI43-101 technical report, designed to complement the release of its initial mining resource estimate (“MRE”) published in August 2023
• Designed to calculate the project’s net smelter value and the respective economic costs of production, an NI 43-101 technical report is a key resource when calculating the economic viability of developing a mining site
• Iska Iska was recently referred to as a ‘giant’ mining system by famed Bolivian geologist, Dr. Osvaldo Arce given the site’s substantial inferred resource deposits
• Relatively high NSR values – and moderate operational costs – have boosted optimism around the deposit’s economic potential

In early October 2019, Eloro Resources (TSX: ELO) (OTCQX: ELRRF) (FSE: P2QM), an exploration and mining company announced that it had signed a Letter of Intent, granting the company the option to acquire up to a 100% interest in the Iska Iska Polymetallic Property, a mineral concession nestled in the midst of Bolivia’s famed Potosi region and home to history’s most prolific silver deposit. Four years later and following an extensive programme of drill work amounting to over 96,000 metres of diamond drilling across 139 individual holes, Eloro Resources has filed its NI 43-101 technical report, in support of the company’s initial mineral resource estimate, published on August 19, 2023 (https://ibn.fm/ZXBkW). Prepared in conjunction with independent mining consultant, Micon International Limit, the NI-43-101 technical report seeks to provide an overview on the overall economic viability related to the potential exploitation and development of the Iska Iska deposit.

With Eloro Resources having uncovered the presence of silver, tin and zinc within the expanses of its 900 hectare site, the company has opted to employ the net smelter return (“NSR”) method to encompass the estimated dollar value which each metal contributes towards the total value of each tonne – a valuation technique designed to calculate the estimated ex-ante revenue generation capacity of a designated mining zone.

Initial findings have estimated an NSR for Iska Iska’s polymetallic domain (containing zinc, tin and silver) of $20.32/t for open pit mining and $42.23/t for underground mining versus NSR cut-off values (representing the cost of extraction and refining, below which mineral extraction would become economically unfeasible) of $9.20/t and $34.40/t, respectively. Meanwhile, the NSR for the Project’s tin domain has been appraised at a relatively more modest $12.22/t for open pit mining operations, albeit, representing a premium of over 100% relative to the tin domain’s NSR cut-off value of $6.00/t.

Eloro Resources separately revealed that its NSR cut-off values had been significantly reduced as a result of the positive impact derived from the companies ‘ore-sorting’ tests, wherein a significant proportion of the mineral ‘waste’ could be removed prior to submitting the ore for further refining, thereby increasing concentrator feed grades and reducing operating costs.

In addition to providing an update on the potential economic values related to the development of the Iska Iska Project, Eloro Resources also provided an updated estimate of the inferred mineral resource within the site – an update following the publication of its initial mineral estimate report published in August. Total in situ metal is now estimated to amount to 298 million ounces of silver, 4.09 million tonnes of zinc, 1.74 million tonnes of lead and 130,000 tonnes of tin with the majority of the inferred mineral resources likely to be upgraded to ‘indicated’ mineral resources on the back of continued exploration works.

For more information, visit the company’s website at www.EloroResources.com.

NOTE TO INVESTORS: The latest news and updates relating to ELRRF are available in the company’s newsroom at https://ibn.fm/ELRRF

• Canada-based strategic metals innovator Ucore Rare Metals Inc. is preparing to make the leap from proving its rare earth element (“REE”) separation technology to utilizing it in a commercial-scale facility, which the company is set to begin building this year in the United States
• REEs are metals critical to magnets used in modern technologies ranging from smartphones to electric vehicles and U.S. fighter jets
• Industry professionals and government officials have been troubled by the REE industry’s dependence on China for processing the difficult-to-extract metals from mined product, but Ucore’s platform aims to provide a more efficient and cost-effective solution
• Ucore has received a $4 million award from the U.S. Department of Defense to help it demonstrate its capabilities and potential for sustaining national interests in the face of tech espionage concerns between Western countries and China

The race to stop climate change in its tracks by reducing industrial and motor vehicle pollutants has long been stymied, in part, by the difficulty of refining metals vital to modern, greener technology, but Canadian critical technology metals supply chain innovator Ucore Rare Metals (TSX.V: UCU) (OTCQX: UURAF) is positioning its proprietary RapidSX(TM) solvent extraction solution to overcome the obstacles and disrupt the market.

RapidSX(TM) is expected to match and improve on the standard CSX solvent refining process used by China in its market-dominating extraction of rare earth elements (“REEs”) from mined product to prepare them for use in high-grade magnets that convert power into motion for modern technologies that range from smartphones to electric vehicles and F-35 fighter jets.

Ucore has been proving RapidSX(TM) against the standard CSX process at a demonstration plant in Ontario and is preparing to begin construction this year on a commercial-scale facility in Louisiana that will process up to 2,000 metric tons of total rare earth oxides (“TREOs”) by early 2025, separating heavy and light rare earth elements, with scale growth to 7,500 tons in 2027 (https://ibn.fm/G98BL).

The Economic Times recently noted the difficulties mining companies have faced in trying to break free of their reliance on China for REE processing and seeking alternatives for REE processing. Ore may contain any of 17 REE metals, each of which are nearly the same size and atomic weight, making separation complex, the report notes. And the rare earths must be teased out in a specific order, preventing companies from cherry-picking specific elements they may want, it states.

“The rare earths refining process can be very finicky,” University of Arizona’s mining and geological engineering department chief Kray Luxbacker told the publication (https://ibn.fm/kEkoE). “There are just so many complex steps.”

International trade policy conflicts between China and other countries in recent years have heightened concerns about the world’s virtual dependence on Chinese industry for REE processing, however.

“If you can innovate and bring solutions to market that produce rare earths efficiently, you have a tremendous market opportunity” geopolitical consulting firm Horizon Advisory co-founder Nathan Picarsic added.

Ucore’s side-by-side comparison of RapidSX(TM) to CSX at its Ontario plant is designed to show that RapidSX(TM) is a more efficient and cost-effective REE processing method with a shorter overall processing time and lower construction and operation costs. The process results in REE products that are virtually indistinguishable from those made in facilities using CSX.

The facility has hosted tours that have included government personnel, and the company has received a $4 million award from the U.S. federal government to help it demonstrate the capabilities of its solution in sustaining national interests in the face of tech espionage concerns between the United States and China.

For more information, visit the company’s website at www.Ucore.com.

NOTE TO INVESTORS: The latest news and updates relating to UURAF are available in the company’s newsroom at https://ibn.fm/UURAF

• Renovaro added Avram Miller, Leni Boeren, Ruud Hendriks, to the company’s board of directors
• The three additions bring extensive financial backgrounds that will help as the company ventures into the new agreement with GEDiCube and Renovaro AI branding
• Avram Miller believes that Renovaro Bioscience, combined with GEDiCube, has the key elements to play a significant role in transforming AI’s impact on medicine

Renovaro Biosciences (NASDAQ: RENB), an advanced, pre-clinical biotechnology firm in cell, gene, and immunotherapy focused on solid tumors with short life expectancy, recently announced a definitive agreement to combine with the advanced AI Company GEDiCube Intl Ltd., rebranding as Renovaro AI. The company has also announced the addition of three new members to its board of directors – Avram Miller, Leni Boeren, and Ruud Hendriks.

Leni Boeren brings a 40-year career in the financial sector, with banking roles at Paribas and Rabobank. She has held several director-level positions at Amsterdam Exchanges and Euronext, the first pan-European stock and derivatives exchange resulting from the merger of exchanges in Amsterdam, Paris, and Brussels. After these roles, she transitioned to asset management, spending over a decade undertaking executive roles, including CEO and Chair of the international Robeco Groep N.V. and holding board of directors seats for the group’s subsidiaries. Boeren currently holds several advisory roles, including the Capital Market Committee of the Dutch regulator, the Authority for the Financial Markets.

Boeren said she was excited to join the Board for Renovaro Biosciences as it moves towards combining with GEDiCube. “I look forward to supporting the company in unlocking the vast potential of the two companies. Together, we are committed to spearheading advancements in the battle against cancer and other diseases, harnessing cutting-edge AI technology and pioneering biotherapeutics,” Boeren added (https://ibn.fm/o1anO).

Ruud Hendriks brings over 35 years of experience in asset management, having held senior roles at some of the most established financial institutions. This includes a decade at Goldman Sachs Asset Management, which he joined as a managing director, becoming co-head of sales for Europe, the Middle East, and Africa. Before this, he worked at Robeco Group, including Rodamco, the property fund of the Robeco Group, before becoming Senior Vice President and Global Head of Institutional Sales at Robeco. He also advises wealthy individuals next to being an Ambassador to Add Value Fund Management B.V.

Avram Miller is an American businessperson, corporate venture capitalist, scientist, and technologist who served as vice president of Business Development for Intel Corporation and co-founded Intel Capital, a division of Intel Corporation set up to manage corporate venture capital, global investment, mergers, and acquisition. Before his career in High-Tech, he had a 13-year career in medical science. For the last decade, Miller has re-engaged his interest in utilizing technology in health care, advising prominent institutions like the Cleveland Clinic and Sheba Medical Center coaching and investing in many early-stage Med-Tech startups.

Most importantly, according to Miller, the impact of AI on medicine will be as significant as the impact of the Internet on the computer industry. “I was fortunate to play a role in that, and now I am excited to have a similar opportunity. We are at an inflection point. AI should lead to personalized medicine comprised of new diagnostics and treatments, which will have a profound impact on longevity and, in particular, health span, something I care deeply about,” Miller added (https://ibn.fm/CW1pe). “I believe that Renovaro Bioscience, combined with GEDiCube, has the key elements to play a significant role in this transformation. I am delighted to have the opportunity to assist the company as a board member and an advisor working closely with the company’s leadership team.”

For more information, visit the company’s website at www.RenovaroBio.com.

NOTE TO INVESTORS: The latest news and updates relating to RENB are available in the company’s newsroom at https://ibn.fm/RENB

• U.S. regulatory agencies are fining banks and other financial institutions millions of dollars for privacy violations
• Fines range up to $50 million per occurrence, but Sekur’s services offer an immediate and cost-effective solution to avoid fines
• Sekur offers Chat-by-Invite, SekurMessenger, and SekurMail as a fully encrypted communications platform that financial institutions can utilize to safeguard their data and comply with U.S. regulations

Sekur Private Data (CSE: SKUR) (OTCQB: SWISF) (FRA: GTD0), a cybersecurity and internet privacy provider of Swiss-hosted solutions for secure and private communications, was recently featured on the New to the Street segment “Sekur Privacy & Sekur Security Segment – The Weekly Hack” (https://ibn.fm/JiVFd). Sekur’s internationally acclaimed internet privacy expert and CEO Alain Ghiai was interviewed by host and multi-media journalist Ana Berry about U.S. regulatory agencies fining banks and other financial institutions millions of dollars for bank privacy violations.

Under U.S. regulation, financial entities cannot communicate with clients and their employees using non-secure, open text, and email platforms – with an SEC probe discovering financial institutions using WhatsApp to communicate private banking matters. Fines can range up to $50 million per occurrence for using non-secure e-communication platforms, but the segment concludes that with Sekur’s Chat-by-Invite feature, SekurMessenger, and SekurMail, there is an affordable and immediate cost-effective solution financial institutions can use to avoid being fined.

In 2022, the global cyber security market was valued at $173.5 billion and is expected to reach $266.2 billion by 2027, growing at a CAGR of 8.9% (https://ibn.fm/J4C3x). This market is being driven by the increased number of data breaches worldwide, with the ability of malicious characters to operate from anywhere in the world – making the need for secure and encrypted communications occur, especially in the financial industry where personal and vulnerable data is constantly being communicated daily.

With the shift to a work-from-home landscape, vulnerabilities, especially where financial data is concerned, have become an easy target when not using high-level encryption. When using Sekur’s suite of services, customer information is stored confidentially and safely in Switzerland using military-grade security. Sekur chose Switzerland due to its very tough privacy laws – as a company, Sekur never tracks devices, doesn’t ask for phone numbers, doesn’t use third-party platforms, and never sells data to third-party companies.

Mr. Ghiai explains during the segment that, with Sekur, financial entities can communicate with clients on the company’s fully secure encrypted platform:

• Invites to Sekur’s Chat-by-Invite allow clients to receive an invite to communicate without downloading apps using Sekur’s closed-loop platform.
• The SekurMessenger SMS platform is available in 83 countries, allowing financial institutions protection under US laws when communicating with overseas clients.
• SekurMail is an encrypted email service that allows for communication, whether through Sekur’s ecosystem or outside of it, that is secured and encrypted – safeguarding communications regardless of geographical or political barriers.

He also recommends SekurVPN, a virtual private network hosted on the company’s 100 %-owned servers in Switzerland. Subscribers will always appear as being in Switzerland, with web traffic never traced or information sold to third parties. Financial institutions and other interested parties can get a 15% savings monthly and yearly on all of Sekur’s service plans, which is good for five years, using the Promo Code: PRIVACY.

The new weekly interviews between Ms. Berry and Mr. Ghiai air on Bloomberg TV 2 Saturdays a month at 6:30PM EST and on the Fox Business Network every Sunday at 3:30 to 4:00 PM EST (with the Sekur segment airing usually the last 10 minutes) – and are available now for replays at https://newtothestreet.com/?s=skur.

For more information, visit the company’s website at www.SekurPrivateData.com.

NOTE TO INVESTORS: The latest news and updates relating to SWISF are available in the company’s newsroom at https://ibn.fm/SWISF

• PaxMedica, with the help of financial services firm Bourne Partners, is actively exploring presale of its Priority Review Voucher (“PRV”), highly valuable in the pharmaceutical marketplace once it gets formal approval from the FDA
• The move is the next step in PaxMedica’s ongoing commitment to advancing innovative healthcare solutions for autism patients worldwide
• Similar successful endeavors in the pharmaceutical landscape have demonstrated lucrative potential

PaxMedica (NASDAQ: PXMD), a pioneering biopharmaceutical company focused on advancing treatments for neurologic disorders, has set its sights on an exciting potential opportunity. With the engagement of Bourne Partners, a prominent financial services firm specializing in the pharmaceutical and consumer health sectors, PaxMedica is actively exploring the presale of its Priority Review Voucher (“PRV”).

The Food and Drug Administration (“FDA”) can approve and award a priority review vouchers to drug sponsors that develop drugs for rare pediatric or tropical diseases. Such vouchers have value, providing for expedited regulatory review, and can be sold for significant sums in the pharmaceutical marketplace. This strategic move aligns with PaxMedica’s ongoing commitment to advancing innovative healthcare solutions for autism patients worldwide.

As the industry eagerly awaits the FDA decision on PaxMedica’s groundbreaking developments, the potential sale of the PRV could serve as a significant milestone for the company. Similar successful endeavors in the pharmaceutical landscape have demonstrated the lucrative potential of such transactions. In recent industry news, Novartis’s planned acquisition of a PRV from bluebird bio for an impressive $103 million highlights the growing value of PRVs in the evolving healthcare sector. This strategic maneuver not only reflects the industry’s persistent drive for pioneering progress but also underscores the increasing significance of PRVs as pivotal assets in the pharmaceutical landscape.

PaxMedica’s collaboration with Bourne Partners underscores the company’s dedication to maximizing its resources and optimizing its assets to support the development of groundbreaking autism treatments and research initiatives. With an established reputation for facilitating the efficient movement of capital through the global healthcare industry, Bourne Partners brings valuable insights and expertise to the table, positioning PaxMedica for a successful PRV presale and future advancements in neurology.

For more information, visit the company’s website at www.PaxMedica.com.

NOTE TO INVESTORS: The latest news and updates relating to PXMD are available in the company’s newsroom at https://ibn.fm/PXMD

• Application showed an improvement of 50% in customer rewards program effectiveness for the same amount of budget
• Italian fintech company Satispay anticipates that its internal teams will use the application weekly when the company transitions it into production
• D-Wave’s suite of services is backed by two decades of quantum technology development and over ten years of customer feedback, which have been incorporated to create the industry’s first quantum computer designed for commercial business applications

D-Wave Quantum (NYSE: QBTS), a leader in quantum computing systems, software, and services and the world’s first commercial supplier of quantum computers, recently announced that it is working with Satispay, the leading Italian fintech unicorn revolutionizing mobile payments, to build a quantum-hybrid application designed to optimize customer rewards initiatives (https://ibn.fm/u15OM).

Using D-Wave’s constrained quadratic model (“CQM”) hybrid solver, the application showed an improvement of 50% in customer rewards programs for the same amount of budget – identifying more effective approaches to Satispay’s rewards programs and the goal of increasing membership of its payment network.

Satispay’s internal teams are anticipating to use the application weekly when the company transitions it into production. The quantum-hybrid application comes as Satispay’s adoption is on the rise in countries including Italy and France – with consumers and businesses looking for a seamless, secure, and easy way to send, receive, and spend money.

Murray Thom, vice president of quantum business innovation at D-Wave, underlined that digital payments are one of the fastest-growing developments in financial services. “By applying the power of quantum-hybrid technology to optimize Satispay’s customer acquisition strategies, D-Wave is assisting one of Europe’s top fintech companies unlock a competitive advantage and bring its independent payment network to more customers, faster,” Thom added.

The D-Wave Advantage(TM) quantum computer is built from two decades of quantum technology development and over ten years of customer feedback to deliver the first quantum computer designed for commercial business applications. The system features a processor architecture with over 5,000 qubits and 15-way qubit connectivity. Since 2018, Advantage has been available to users through the Leap(TM) quantum cloud service – which delivers immediate, real-time access to Advantage and the company’s quantum hybrid solver service with enterprise-class performance and scalability.

“It is our mission at Satispay to simplify payments to improve everyone’s life, and we’re looking at innovative ways we can accelerate adoption and usage of our network to quickly build out our market footprint in service of that vision,” said Satispay founder and CEO Dario Brignone. “Together with D-Wave, we’ve built a quantum-hybrid application that has demonstrated immediate business value at scale, helping us more effectively manage our rewards program to save money, improve rewards appreciation, and drive increased membership.”

Leap enables developers proficient in Python to start building and running quantum applications today. The secure and seamless cloud-based connection allows users to easily start solving complex problems of up to one million variables and 100,000 constraints. D-Wave’s CQM hybrid solver is available through its Leap quantum cloud service.

D-Wave’s relentless pursuit of practical quantum computing has resulted in its technology being used today by some of the world’s most advanced enterprises – including numerous Forbes Global 2000 companies. D-Wave’s commercial customers include blue-chip industry leaders like Mastercard, Deloitte, ArcelorMittal, Siemens Healthineers, Unisys, Accenture, BBVA, NEC Corporation, Pattison Food Group Ltd., DENSO and Lockheed Martin.

D-Wave’s four-step Launch(TM) program uses an in-house professional services team and technical domain experts to help businesses accelerate enterprise quantum adoption and realize value faster. Through this hands-on consultative approach, customers receive support with problem discovery, quantum proof of concept, production pilot, and in-production deployment. D-Wave enables customers to build quantum applications capable of solving real-world business problems today. The company showcases customer success stories that demonstrate how quantum technology has been applied to various problems ranging from grocery optimization to protein design at https://ibn.fm/q0HjI.

For more information, visit the company’s website at www.DWaveQuantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward-Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. Forward-looking statements in this press release include, but are not limited to, statements regarding Satispay’s plans to transition the application to production, the expected usage of the application by Satispay’s internal teams, and the potential impact of the application once in production. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the usage of the application by Satispay’s internal teams and the continued positive impact of the application once in production; general economic conditions and other risks; the company’s ability to expand its customer base and the customer adoption of the company’s solutions; risks within D-Wave’s industry, including anticipated trends, growth rates, and challenges for companies engaged in the business of quantum computing and the markets in which they operate; the outcome of any legal proceedings that may be instituted against the company; risks related to the performance of D-Wave’s business and the timing of expected business or financial milestones; unanticipated technological or project development challenges, including with respect to the cost and/or timing thereof; the performance of the company’s products; the effects of competition on the company’s business; the risk that D-Wave will need to raise additional capital to execute its business plan, which may not be available on acceptable terms or at all; the risk that the company may never achieve or sustain profitability; the risk that the company is unable to secure or protect its intellectual property; volatility in the price of the company’s securities; the risk that the company’s securities will not maintain the listing on the NYSE; and the numerous other factors set forth in D-Wave’s Annual Report on Form 10-K for its fiscal year ended December 31, 2022 and other filings with the Securities and Exchange Commission. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to the company on the date hereof. The company undertakes no duty to update this information unless required by law.

• Rat populations have created concerns for centuries because of their potential to be a vector for diseases, their destruction of infrastructure, and their consumption or spoilage of stored food supplies
• Arizona-based SenesTech Inc. is now introducing its new Evolve(TM) Soft Bait as a companion to its patented ContraPest(R) liquid product as means of shifting rodent control methods from lethal poisons to preventative birth control formulations, with Evolve(TM) Soft Bait representing a big step into a major new market
• The company recently discussed its operation and plans for the near future during a webcast presentation as part of Lytham Partners’ Fall 2023 Investor Conference
• SenesTech has produced successes during testing at West Coast and East Coast poultry farms, and has achieved new client agreements that extend to the countries of Maldives and South Africa

Rodent control innovator SenesTech (NASDAQ: SNES) is delivering a new method of administering its unique, patented contraceptive technology that serves as a form of birth control in both male and female rats, making SenesTech’s solution to the rat population more readily accessible and appealing to pest management companies as well as consumers who prefer non-liquid baits.

The company’s new trademarked Evolve(TM) Soft Bait is an important non-liquid addition to SenesTech’s portfolio, which includes the liquid ContraPest(R) bait brand that has been its flagship product (https://ibn.fm/KhoQm). Since non-liquid forms of control products are preferred by rodent control professionals, Evolve(TM) Soft Bait is a strong entry for the company into this huge new market.

SenesTech CEO Joel Fruendt and CFO Tom Chesterman discussed the strategy behind Evolve(TM) in a Lytham Partners Fall 2023 Investor Conference webcast presentation earlier this month (https://ibn.fm/xmDqm).

While ContraPest(R) has been “very palatable” to rodents and “keeps the rats coming back for more,” Fruendt said, only about 5 percent of current rodenticide formulations are in liquid form — the vast majority of the market uses solids. Pest management businesses represent a significant market for SenesTech’s new product.

“. . . we are … releasing a soft bait formulation which provides the unique attributes of proven fertility control in an industry-familiar soft bait format demanded by many, including big box retailers, key e-commerce channels and leading pest management professionals,” Fruendt said. “When I took over as CEO at SenesTech, soft bait is one of the key items I quickly identified as a need for us to steepen the curve. I believe its introduction … will be transformative for our business.”

Fruendt labeled rodent control “one of the world’s most challenging problems,” but noted solutions have thus far focused on lethal poisons that “seek to control the death rate” with limited success.

“The challenge, as we see it, is the incredible rate of reproduction of the rats. Given sufficient food, water and harborage, two breeding rats can result in 15,000 offspring after a single year,” he said. “In fact, the largest pest company in the world, Rentokil, commissioned an interactive study, The Rise of Rats, that revealed how a pair of rats could produce nearly half a billion descendants in just three years,” Fruendt added. “Half a billion! You cannot poison them, or trap them or gas them fast enough to overcome their fertility.”

Evolve(TM) will be available for direct sale to pest management professionals, and to the broader consumer market through distributors, on the company’s e-commerce portal and through big box retailers.

The company expects agribusiness and the pest management industry to be crucial to its future success. Currently, about 50 percent of its revenue comes from small e-commerce orders. SenesTech also sees potential in local government partnerships.

“As we are seeing significant increases within the government vertical driven by deployments in California and New England, our experience here is that our customers in the government sector require a longer sales cycle but are very sticky once they get on board. Hopefully, this will provide us a long-term tail wind,” Fruendt said.

Chesterman noted that the company’s most recent financial report for Q2 showed that revenue was up 31 percent sequentially compared to Q1, and Fruendt noted revenue has been consistently growing with an 87 percent CAGR over the past few years.

“We’ve experienced rapid growth over the past few years,” Chesterman said.

“Most recent trends confirm that growth is accelerating as our initiatives put place in the first half of the year take hold,” he added. “Our current goal is to take $1 million out of the annual cash expenses and we’re well on our way to achieving that goal. … (And) we have no long-term debt.”

For more information, visit the company’s website at www.SenesTech.com.

NOTE TO INVESTORS: The latest news and updates relating to SNES are available in the company’s newsroom at https://ibn.fm/SNES

Serious investors — and anyone concerned with protecting and building wealth in volatile times — invited to attend the New Orleans Investment Conference to be held in New Orleans, November 1-4, 2023.

With a rich legacy spanning almost 50 years, the New Orleans Investment Conference has been acclaimed as “The Greatest Investment Show on Earth” by Money Magazine. Held in the heart of New Orleans, the 2023 Conference is set to present a dream team of world-class experts on geopolitics, macroeconomics and every asset class to hundreds of savvy investors.

The 2023 Conference will feature enlightening presentations from leading experts such as Konstantin Kisin, Matt Taibbi, Jim Rickards, Danielle DiMartino Booth, Lyn Alden, George Gammon, Rick Rule, Dominic Frisby, Brent Johnson, Dave Collum, Peter Boockvar, James Stack, Peter Schiff, Jim Iuorio, Tavi Costa, Adrian Day, Adam Taggart, The Real Estate Guys, Gwen Preston, Brent Cook, Brien Lundin, and many more. Early bird registration is still open, offering significant savings for those who secure their spots early.

To learn more, please visit https://ibn.fm/ISvQC

• The UK’s criminal justice department recently announced that domestic abusers leaving prison will be wearing electronic monitoring tags for better victim protection
• Up to 500 offenders will be forced to wear GPS and curfew tags to monitor their movements, with those who breach the stipulated license conditions being returned to prison
• This move by the UK validates digital monitoring solutions such as SuperCom’s Electronic Monitoring (“EM”) products
• It also shows the technology’s viability in solving emerging issues while also validating SuperCom’s research and development efforts as targeting an active and growing world market

SuperCom (NASDAQ: SPCB), a global provider of traditional and digital identity solutions offering advanced safety, identification, and security products and solutions to governments, is constantly pushing the envelope with innovation and exploring new markets for its products. This ambition has been driven by its mission and commitment to “creating safer communities”. More nations globally are beginning to realize the need for more advanced technologies to manage offender populations, representing a significant growth opportunity for SuperCom.

In September 2023, the UK’s criminal justice department announced that domestic abusers leaving prison would wear electronic monitoring tags to offer better victim protection. The plan, which will first launch in East and West Midlands, will see up to 500 offenders forced to wear GPS or curfew tags to monitor their movements upon leaving prison. Offenders who breach the stipulated license conditions will face being returned to prison.

“Survivors of domestic abuse show great strength and bravery in coming forward, and it is right that every tool is used to protect them from further harm,” noted the lord chancellor and justice secretary, Alex Chalk.

“The tagging of prison leavers at risk of committing further domestic abuse is a further protection we are introducing to help victims rebuild their lives and feel safe in their communities,” he added (https://ibn.fm/JjWky).

In the case of SuperCom, the company recently announced it has secured a new national program with the government of Finland. The Finnish government announced that domestic violence offenders will wear Domestic Violence Monitoring Solutions as a way to safeguard victims, proactively prevent domestic violence, and empower Finnish authorities with advanced tech that promises to enhance the safety and well-being of the country’s citizenry (https://ibn.fm/8K6hA). It adds to the country’s use of electronic ankle bracelets, introduced in 2011, and electronic monitoring for offenders found repeatedly guilty of drunk driving.

UK’s move to adopt advanced monitoring solutions validates these technologies, specifically SuperCom’s family of Electronic Monitoring (“EM”) products. It showcases the potential application of this technology and its viability in solving emerging security issues within countries. More importantly, it is encouraging the efforts of companies such as SuperCom to continue developing technological solutions that steer society towards being safer and protecting domestic abuse victims from their abusers.

The UK is already witnessing positive results from a prison scheme launched last summer that prevented unwanted prisoner contact with the victims by blocking the victims’ numbers’ from prison phones and preventing the former from sending threatening letters to the victims’ addresses. The government pointed out that over 2,700 victims had been protected from further harassment, which has helped further accentuate the potential of GPS and curfew tags on domestic abusers leaving prison.

With the initial launch in the East and West Midlands, the UK plans to roll out the monitoring tags across England and Wales in 2024. The government is optimistic that the positive results will allow victims to rebuild their lives and feel safe in their communities.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB