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Mobile Tech Services Provider FingerMotion Inc. (NASDAQ: FNGR) Strengthening Revenues With China’s Expanding User Base

  • U.S.-based mobile communications technology services provider FingerMotion is a China-focused innovator building revenues in the cell phone and reinsurance markets
  • China recently reinforced its interest in seeing mobile payments and financial technology platforms playing a larger part in its developing economic strategy for strengthening its internal domestic consumerism
  • FingerMotion recently reported annual financial data that showed revenue had grown by 37 percent during last year with 297 percent growth in its big data revenue and 170 percent growth in telecommunications products and services
  • China has an estimated 1.4 billion mobile users, and market analysts predict mobile engagement there will grow at a CAGR of 44.7 percent between 2020 and 2027
Evolving mobile technology services provider FingerMotion (NASDAQ: FNGR) is building a deeper channel for revenue in its services for China’s mobile phone users and big data clients as the nation’s government signals new interest in finding solutions to some of its regulatory concerns for the market in general. China President Xi Jinping recently encouraged mobile payments and financial technology platforms to “play a bigger role” in strengthening the country’s economy, which is the second-largest in the world (https://ibn.fm/mlTwA). The technology platforms are viewed as key players in supporting the country’s dual circulation economic goal — a new buzzword that describes the nation’s growing emphasis on strengthening its domestic consumer market while continuing to sustain its international exports (https://ibn.fm/I3hhy). FingerMotion’s central competencies are in mobile payment and mobile recharge platform solutions, but the company has been expanding into big data services through its Sapientus division. The data services have primarily been marketed as a tool for reinsurance companies as they they look for effective measures of risk scoring and ways to simplify policy underwriting purchasing, but FingerMotion has acknowledged it could expand into other industries at some in the future. “We’ve always thought of the ability of the algorithms that we have. It’s not really just to perfect those algorithms but it’s also to have them exportable and replicated in other jurisdictions, in other markets,” CEO Martin Shen said during a corporate conference call last year (https://ibn.fm/LbDcC). “But again, that takes time to develop. … Right now, let’s just build and make sure that our foundation is strong first.” The year-end financial summary presented by FingerMotion in early June showed annual revenue had grown by 37 percent during last year to $22.93 million, with 170 percent growth in the company’s telecommunications products and services as well as 297 percent growth in its big data revenue (https://ibn.fm/U0LtZ). Mobile top-up and short and multimedia messaging (SMS and MMS) services have remained the primary drivers of the company’s revenues, serving the interests of China’s estimated 1.4 billion mobile users, most of whom were born after Internet and mobile technology began to develop at a breakneck pace in the 1990s and are now actively the country’s manner of interpersonal communication through social media as “digital natives” (https://ibn.fm/zqkCJ). China’s leading world position as a developer of 5G wireless technology and its use have further made it fertile ground for expanding marketing and purchasing services (https://ibn.fm/a8ocr). Market analysts at Reportlinker.com forecast mobile engagement in China growing at a CAGR of 44.7 percent between 2020 and 2027, commanding $22.4 billion of the global $90.7 billion in revenues predicted by that point (https://ibn.fm/p6PgH). For more information, visit the company’s website at www.FingerMotion.com. NOTE TO INVESTORS: The latest news and updates relating to FNGR are available in the company’s newsroom at https://ibn.fm/FNGR

FuelPositive Corp. (TSX.V: NHHH) (OTCQB: NHHHF) Reducing Dependence of the Agricultural Sector on Unpredictable Supply Chain

  • Fuelpositive Corp. offers its flagship product, a containerized green ammonia production system which provides environmental-friendly energy solutions across multiple industries
  • Company’s green ammonia technology is modular and scalable, and produces green ammonia onsite, thereby eliminating problems posed by highly polluting traditional ammonia production and an unreliable supply chain
  • Fuelpositive’s carbon-free NH3 can also play a vital role in enabling the hydrogen economy
FuelPositive (TSX.V: NHHH) (OTCQB: NHHHF) s a growth-stage technology company engaged in providing energy-efficient solutions that are commercially viable and sustainable. Their flagship product, a containerized green ammonia production system, can be used across a spectrum of industries, with special significance for agricultural fertilizers, and offers innovative solutions that address environmental concerns and unpredictable supply chain risks. FuelPositive’s containerized green ammonia production system was developed by Dr. Ibrahim Dincer and his team at the University of Ontario Institute of Technology (“UOIT”)  (patent-pending). The ammonia is manufactured onsite from water and air, using a sustainable electricity source – thereby producing green ammonia that is entirely carbon-free. The system is modular, scalable, and fits in standard shipping containers that are placed where the green ammonia is needed. This decentralized approach avoids the hurdles posed by the unreliable supply chain and wildly fluctuating prices that end users have been struggling with over recent years. Users produce green ammonia when and where they want, in the right quantities. This mechanism is ideal for the fertilizer industry, where more than 80% of the world’s ammonia is used. FuelPositive Corp. has filed a U.S. Non-Provisional Patent Application for the company’s “Modular Transportable Clean Hydrogen-Ammonia Maker” with the United States Patent and Trademark Office. FuelPositive has also filed a companion Patent Co-Operation Treaty (“PCT”) Patent Application preserving FuelPositive’s right to its proprietary invention in all 156 PCT member states (https://ibn.fm/g1UQ9). FuelPositive’s demonstration units are being built to produce up to 300 kg/day, which is enough to provide fertilizer and fuel to thousands of acres of agricultural lands. The company’s first demonstration production system will be set up in Manitoba, Canada in fall 2022. Similar demonstration pilot projects will follow. For more information, visit the company’s website at www.FuelPositive.com. NOTE TO INVESTORS: The latest news and updates relating to NHHHF are available in the company’s newsroom at https://ibn.fm/NHHHF

Flora Growth Corp.’s (NASDAQ: FLGC) Management Confident in the Company’s Short, Medium, and Long-Term Growth Prospects

  • Flora just announced the repurchase of $5 million of its outstanding common shares
  • This repurchase aligns with its overall global expansion plan, and its move to grow its market reach
  • These moves by Flora assure shareholders of the company’s commitment to driving shareholder value and exploring various opportunities to do so
On June 16, 2022, Flora Growth (NASDAQ: FLGC) announced that its Board of Directors had authorized the repurchase of up to $5 million of its outstanding common shares. This came in the wake of the expiration of a one-year lockup period for specific shareholders who had acquired shares before the company’s Initial Public Offering (“IPO”). While making the announcement, Luis Merchan, Flora’s Chairman and Chief Executive Officer (“CEO”), noted: “Flora continues to move assertively to execute its growth plans while simultaneously improving gross profit margins and reducing corporate overhead expenses.” “We are confident in the company’s short, medium, and long-term growth prospects based on our strong in-market brand portfolio together with our cultivation and export capabilities in life sciences research,” he added (https://ibn.fm/maJ87). This move to repurchase shares aligns with Flora’s overall global expansion plan that has seen the company follow through with acquisitions of strategic brands and entities in the industry. For example, earlier in the year, Flora acquired 100% equity interests in Just Brands LLC and High Roller Private Label LLC, the owners of the JustCBD brand, for a consideration of $16 million in cash and 9.5 million in privately issued Flora common shares (https://ibn.fm/pzSTz). The repurchase also aligns with the company’s move to grow its market reach, having announced the expansion of its operational footprint in Europe and the United Kingdom. This expansion would bank on JustCBD’s 79 products registered with the UK Novel Foods, allowing for the distribution of its growing house of brands. At the beginning of the year, Flora’s management reiterated how the cannabis sector was ripe for the picking. Most notably, they noted how great brands and cost advantages are optimal traits for the company’s long-term market leadership and return on investment (“ROI”), emphasizing the opportunities ahead. This outlook is shaping the company’s decision-making process halfway into 2022, even as it seeks to aggressively grow its market reach, product line, and customer numbers. The global cannabidiol (“CBD”) industry is projected to post a CAGR of 21.3% over the forecast period (2021-2028), achieving a value of $47.22 billion, up from $4.9 billion. Flora looks to capitalize on this growth by making strategic acquisitions of key brands in the industry, aggressively expanding its market reach, and taking ownership of its brand, as evidenced by its recent repurchase of outstanding common shares. “The repurchase program affords us the opportunity to increase our ownership in our portfolio of high quality brands through our shares, which in our view, are trading well below NAV,” noted Mr. Merchan. These recent developments highlight Flora’s management’s confidence in where the company is headed and its potential for growth as the year progresses. It also assures shareholders of the company’s commitment to driving shareholder value and exploring various opportunities to do so. As such, this only emphasizes Flora’s value as a good investment. For more information, visit the company’s website at www.FloraGrowth.com. NOTE TO INVESTORS: The latest news and updates relating to FLGC are available in the company’s newsroom at https://ibn.fm/FLGC

Golden Matrix Group Inc. (NASDAQ: GMGI) Sees Robust Growth Within Their White-Labelled B2B Offering

  • The online gaming sector got its start in 1994, through the launch of Microgaming
  • The sector has seen hundreds of online gaming platforms come online in the ensuing decades, with the vast majority opting to white-label their gaming offering from third-party providers
  • Golden Matrix Group has sought to cater to this demand through its GMX-Ag platform, providing its customers with access to a portfolio of over 10,000 games
  • GMGI’s focus on their white-label business was reflected in the 28% top-line growth seen within their B2B segment in their most recent fiscal quarter
In 1994, a little-known company by the name of Microgaming based in Durban, South Africa would go on to launch what was then, the world’s first online casino – the appropriately named, ‘Gaming Club’ (https://ibn.fm/bNtr3). Debuting at a time when few households boasted an internet connection, much less an affinity to online gambling, Microgaming would go on to spark a revolutionary shift into online gaming, an industry valued as high as $61.5 billion as of 2021 (https://ibn.fm/Rue04). The online gaming industry has spawned hundreds of gambling platforms in the interim since Microgaming took its initial steps within the sector – however, the majority of these have not developed their own games, opting rather to white label product offerings from third party providers whilst devoting their resources on marketing and promotional efforts. Golden Matrix Group (NASDAQ: GMGI), a developer and licensor of online gaming platforms and systems, purveying online gaming and gambling platforms, has been a key beneficiary of this trend, providing its end customers with access to a substantial portfolio of upwards of 10,000 games. The growth of the online gaming market has been further boosted by the US Supreme Court’s decision to repeal the Professional and Amateur Sports Protection Act (“PASPA”) in 2018, effectively clearing the way for legalized sports betting across the United States on a federal level. The value of the online gaming market is now expected to surpass the $100 billion mark by 2026, a target which is being accelerated through new inventions and technological advancements –the latter including the likes of Virtual Reality, Internet of Things, Artificial Intelligence, and Augmented Reality. Golden Matrix Group has looked to cater to growing demand from online gaming platforms, most recently through the launch of their B2B aggregate gaming system, GMX-Ag. The turnkey iGaming system seeks to offer online gaming platforms with an optimal casino, sportsbook, and live gaming offering via a single integration with the operators’ existing business systems, whilst simultaneously providing their players with a single, simplified wallet. “The adoption of the GMX-Ag system is both strategic and timely,” said Golden Matrix CEO Brian Goodman (https://ibn.fm/mvGHI). “It expands our B2B offerings to operators in the Asia Pacific (‘APAC’) region, our traditional market, and at the same time opens new market opportunities for Golden Matrix outside of APAC. We expect our growth strategy to expand the GMGI brand and accelerate the company’s global market penetration.” The growth of the online gaming market as well as GMGI’s burgeoning B2B white-labelling business was clearly displayed in the most recent quarter, with Golden Matrix reporting quarterly revenues which rose by 221% year-over-year to $8,482,743 whilst simultaneously recording their 15th consecutive quarter of profitability. At the time of the results, the Company revealed that the strong results were partly attributable to the robust growth witnessed within their B2B business, with the business vertical seeing its top-line expand by 28% year-over-year. For more information, visit the company’s website at www.GoldenMatrix.com. NOTE TO INVESTORS: The latest news and updates relating to GMGI are available in the company’s newsroom at https://ibn.fm/GMGI

Nowigence Inc. (NOWG) Helps Usher in the Knowledge Era with Innovative Pluaris Platform

  • Company’s innovative Pluaris offering provides a synthesis of intelligence rather than just a picture of documents to open and read
  • NOWG CEO believes the company’s market opportunity is “over $20 billion”
  • As the world moves from an information era into a knowledge era, Nowigence gains footholds in both consumer and enterprise markets
Nowigence (OTCQB: NOWG), thae SaaS technology company behind Pluaris, a comprehensive and turnkey AI knowledge engine, and CEO Anoop Bhatia were the focus of a Proactive Investors director interview (https://ibn.fm/1J24y). During the interview, Bhatia provided a brief overview of the company and talked about how its Pluaris offering simplifies the challenges of learning and accelerates the pace of problem solving and decision making, giving Nowigence the means to capitalize on a $20-billion-plus market opportunity. Nowigence Inc. is focused on simplifying the challenges of learning, noted Bhatia, and the company’s name derives from the idea of “now” intelligence. “We are in the field of data intelligence, we are in the field of knowledge management,” he said. Explaining that one of the company’s overarching objectives was to replace keyword search, Bhatia said, “Keyword search doesn’t read the document, doesn’t open documents; it just kind of does a keyword match on the title line of the document. “Our product actually goes into various documents, countless documents, within a few seconds to read the content, answer the question, synthesize the intelligence on a topic that you’re looking for,” Bhatia continued. “And it does it during the time of the search, so it takes about 5 to 20 seconds for you to get a synthesis of intelligence rather than just a picture of documents for you to open and read.” According to Bhatia, Pluaris serves a target audience of knowledge seekers, who could be anyone from students to researchers. “Gartner says there are about a billion knowledge workers from around the world in the English language, and that becomes a market for us on a standalone basis,” Bhatia explained, going on to note that much like “our brain sits on top of our human bodies, Pluaris can also sit on top of various IT tools to read and search for intelligence. So, we do serve the enterprise market too, which is a higher-priced market for us. We process a lot of information for them.” Bhatia stated that the market Pluaris analyzes is huge. “We believe that the market opportunity is over $20 billion,” he noted. “It’s a huge opportunity. It’s an emerging industry that is still seeking a lot of investment dollars. It’s in its early phase of growth. As we become more public, people will recognize and use the product we’ve created. The industry will grow exponentially, as we’re moving from an information era to a knowledge era, and Pluaris helps usher in that knowledge era.” For now, says Bhatia, the company’s strategic plan is to grow commercially. “The product is very unique, a very differentiated product from the rest of the market,” he said. “We’ve already got footholds in both the consumer market and the enterprise market, so we do intend to grow the company, but we also intend to continue to invest in this product.” Nowigence is an innovative software as a service (“SaaS”) company, focused on developing and bringing to market Pluaris, its comprehensive, ready-to-use artificial-intelligence platform. By integrating state-of-the-art data processing techniques in an intuitive interface at an affordable subscription price, Pluaris puts the power of data science into the hands of consumers. For more information, visit the company’s website at www.Nowigence.com. NOTE TO INVESTORS: The latest news and updates relating to NOWG are available in the company’s newsroom at https://ibn.fm/NOWG

Helping Independent Artists Take Back Ownership of Their Music Through Friendable Inc.’s (FDBL) 360-Degree Platform

  • Music artists often find that major labels do not provide them with the support they need as an artist and are put off by the excessive fees taken for production, distribution, and promotion of music
  • Fan Pass Live is now the ultimate 360-degree anti-label offering for musicians, allowing them to keep control of their music and receive higher revenue
  • Fan Pass Live offers musicians the tools necessary to produce, distribute, and promote their music without hefty fees or loss of ownership, while also providing artists additional means of revenue through monthly contests
When an artist signs with a music label, most are required to assign the master rights of their songs to the label. The label is then responsible for duplicating, distributing, and marketing the recordings on behalf of the artist. Labels then earn revenue from the artist’s music when it is sold, performed, or used under master licensing. The amount of control the label has over the artist’s career and earnings has become a serious topic amongst independent artists looking to produce, distribute, and promote their music. Friendable (OTC: FDBL), a mobile technology and marketing company focused on developing and identifying products, services, and brand opportunities with mass market potential and scalability, is addressing this concern and opening doors for independent music artists through its flagship offering, Fan Pass Live, and acquired platforms Artist Republik and FeaturedX. The company’s presentation discusses the fees associated with traditional label control on a music artist’s offering (https://ibn.fm/xiv93). According to Friendable, on average, a music artist loses 90% of streaming revenue to labels, 10% to booking agents, and 15-20% of overall income to managers. Artists are not only losing revenue to the companies they entrust to produce, distribute, and promote their music but also feel a lack of support overall from the operation. With roots well established in the art of music, Friendable’s management, brothers Robert A. Rositano Jr. and Dean Rositano, set out on a mission to disrupt the music industry’s landscape. The Fan Pass Live artist platform was released in July 2020, when music venues were closing due to the pandemic. The platform’s initial offering was to provide a virtual stage where independent artists could perform for fans without needing to leave home. In January 2022, the company took one more step toward supporting these artists by acquiring Artist Republik and FeaturedX. When artists sign up for Fan Pass Live, they are given a 360-degree artist experience, free from label control with the tools necessary to produce, distribute, and promote their music without paying the excessive fees associated with label control. Through the Fan Pass Live artist platform, independent musicians now have access to:
  • Music distribution and management
  • Music production assistance
  • Press release and Instagram promotion
  • Digital storefront activation
  • Artist marketplace for collaborations
  • Merch, logo, and promotion design support
  • Virtual concert booking and ticketing mobile streaming service
  • Live streaming support
  • Revenue from fan tips, monthly artist contests, merchandise, and ticket sales
  • Access to fan data and performance analytics
  • Monthly artist contests
  • NFT development and Metaverse – coming soon
The services provided by Fan Pass Live, Artist Republik, and FeaturedX allow artists to do what they love without losing the revenue for doing it. In addition to production, distribution, and promotion efforts, artists also get to enjoy monthly contests put on by Fan Pass Live. The most recent contest for the month of June awards merchandise design packages to the top three artists with the most online tips for the month. In addition to the main contest, artists who schedule streams on the Fan Pass calendar get featured in the weekly Fan & Artist newsletter. For more information, visit the company’s websites at www.Friendable.com or www.FanPassLive.com. NOTE TO INVESTORS: The latest news and updates relating to FDBL are available in the company’s newsroom at http://ibn.fm/FDBL

LQwD FinTech Corp. (TSX.V: LQWD) (OTCQB: LQWDF) Plans to Reach 24 Countries by Q4 2022

  • LQwD currently has Lightning Network nodes in 17 countries with a goal of 24 by the end of Q4 2022
  • The current LQwD nodes have already processed over 10k transactions, and the number is climbing
  • The global cryptocurrency market was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8%
LQwD FinTech (TSX.V: LQWD) (OTCQB: LQWDF) continues to move forward with its endeavors on the Bitcoin Lightning Network. The company currently has active nodes spanning 17 countries, including the U.S., Ireland, India, Germany, Brazil, Hong Kong, Singapore, Sweden, South Korea, South Africa, Bahrain, Indonesia, Italy, France, Canada, England, and Japan. These nodes range in capacity from 0.050000000 BTC to 5.700269470 BTC. The longest running node within the company’s selection is US-West, released in November 2021. LQwD’s mission is to offer platform-as-a-service (“PaaS”) for the Lightning Network nodes and payment channels, be a network service provider that offers routing and liquidity services, and accumulate Bitcoin as a treasury reserve asset for staking and liquidity. The company’s flagship PaaS offering, https://lqwd.tech/, was released in November 2021. The PaaS features a sophisticated backend functionality and was designed to be scalable and flexible, positioning needed for the growth of the network. The LQwD Board currently consists of Shone Anstey, Ashley Garnot, Pino Perone, and Kim Evans (https://ibn.fm/Huddc). Shone Anstey is the Chairman and CEO of LQwD. He has over 20 years of experience building complex technologies and software. He has worked with cryptocurrency since 2012 and acted as a technology lead for an industrial Bitcoin mining and mining pool. Shone’s experience in cryptocurrency has afforded him titles of Certified Bitcoin Professional and Certified Cryptocurrency Investigator. Ashley Garnot is currently in charge of corporate communications and brand awareness programs for TSX-listed TAG Oil, Ltd. Her completion of the Canadian Securities Course, her strategic problem-solving skills, and broad knowledge of US and Canadian corporate and board-level relationships have made her an asset to the LQwD Board. She also holds an advanced merchandising diploma. Pino Perone is LQwD’s Corporate Secretary and has more than a decade of experience serving as an executive and director for private and publicly listed companies. He is a lawyer by trade with expertise spanning securities, corporate commercial, M&A, capital market matters, regulatory compliance, and corporate governance. Kim Evans is a CPA with extensive experience in the corporate securities, junior mining, and technology sectors. She has over two decades of experience in directorial and officer roles for publicly listed companies on the Canadian Exchange. As LQwD presses forward to become a top liquidity service provider, the knowledge and experience of the board will prove crucial to its efforts. By the end of Q4 2022, LQwD hopes to have active nodes in 24 countries worldwide (https://ibn.fm/SpE5i). The current nodes have already facilitated over 10k transactions and are climbing. As a publicly traded company, LQwD hopes to enhance public trust in the products and services to scale the Lightning Network as a premier cryptocurrency transaction platform. According to Allied Market Research, the global cryptocurrency market size was valued at US $1.49 billion in 2020. The market is projected to reach US $4.94 billion by 2030, growing at a CAGR of 12.8%. Driving factors for cryptocurrency adoption are operational efficiency, transparency, and the rise in demand for remittances in developing countries (https://ibn.fm/43tXm). For more information, visit the company’s website at www.LQwDFinTech.com. NOTE TO INVESTORS: The latest news and updates relating to LQWDF are available in the company’s newsroom at https://ibn.fm/LQWDF

Green Energy Helping Texas Power Grid Withstand Unusually High Demand; Correlate Infrastructure Partners Inc. (CIPI) Supplying Cost-Efficient Solutions for Renewable Energy Options

  • The current Texas heatwave and the demand on the power grid have reached record numbers, driving more consideration for renewable energy sources like wind and solar power
  • Correlate Infrastructure Partners Inc. offers a complete suite of clean energy assessment solutions for commercial real estate to find the appropriate avenue for incorporating more energy-efficient capabilities
  • The global renewable energy market, valued at $881.7 billion in 2020, is driven by the need to reduce carbon emissions and other greenhouse gasses
As unusually high temperatures sweep across the Southwestern U.S., especially Texas, new records for electricity demands are being reached. Texas grid operator ERCOT projects have recorded several peak days since the heatwave began in Texas, many of which surpass 75 gigawatts and have smashed records established in 2019. Thankfully, the state’s electric grid has so far been able to successfully meet high electricity demand, unlike previous years when extreme weather events created vulnerable situations that included blackouts (https://ibn.fm/k1EfM). Experts have concluded that the grid’s sustainability is partly due to the strong performance provided by alternative energy sources (wind, solar), which have been capable of generating close to 40% of the amount of electricity demand in the region. Despite the backlash of legislators that wind and solar power are unreliable, the state has seen an influx of growing fleets and renewables coming in. In 2021, about 38% of the state’s power was fueled by alternative zero-carbon sources, like wind, solar, and nuclear, becoming a glaring opponent for natural gas, which fueled 42% during the same year. Experts are concerned that, while the grid was built to sustain extreme heat (more than cold), the August-like temperatures in early June may impact the long-term sustainable nature of the grid. Companies like Correlate Infrastructure Partners (OTCQB: CIPI), can help evaluate the grid’s sustainability in terms of green energy capabilities. Through its subsidiaries, Correlate and Solar Site Design, Correlate Infrastructure Partners offers a comprehensive suite of proprietary clean energy assessment solutions for the commercial real estate industry. The company also develops and finances renewable energy projects to make investment properties more efficient. Correlate Infrastructure Partners has identified a tremendous market opportunity in reducing site-specific energy consumption and deploying energy generation and efficiency solutions at scale. Studies show that commercial properties across the United States consume more than 35% of the generated electricity. Although retrofits for better efficiency are available, they are not happening at the rate or scale needed to begin reducing the amount of pressure put on the grids. Through Correlate Infrastructure Partners’ proprietary software and financial instruments, tackling the known issue of “split incentive” unlocks most of the addressable market, making solutions more feasible than they once were. The company’s solutions have emerged against the backdrop of growing interest in clean energy worldwide. The global renewable energy market reached $881.7 billion in 2020 and is $1,977.6 billion by 2030. Presently, renewable energy sources are limited to heating, cooling, cooking, electricity, and the transport sectors, with increased interest for expansion growing. Traditional fossil fuels release carbon emissions into the atmosphere, and reducing these helps reduce the impact of global warming. Worldwide efforts are being made to lower the release of carbon emissions and greenhouse gases, which is a primary driving force for the uptick in renewable resource adoption. Governments in developing and developed countries are switching focus to promoting renewable energy sources due to output efficiency, pollution reduction, and low maintenance costs (https://ibn.fm/Qt2De). For company information, visit the company’s website at www.CorrelateInfra.com, including the following: NOTE TO INVESTORS: The latest news and updates relating to CIPI are available in the company’s newsroom at https://ibn.fm/CIPI

Cepton, Inc. (NASDAQ: CPTN) Announces Plans to Boost OEM Initiatives with New Center of Excellence in Detroit and Inclusion in Russell 3000(R) Index

  • Cepton aims to increase active engagements and initiatives with automotive OEMs with a newly opened office located in Metro Detroit
  • CPTN was added as a member to the Russell 3000(R) Index on June 27, 2022
  • Cepton is a leading developer of lidar solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications
  • CPTN management aims to make lidar a standard safety feature in the cars of today and the key component in the autonomous vehicles of the future
Cepton (NASDAQ: CPTN) plans to utilize its new corporate office in Metro Detroit (Troy, MI) to widen its growing engagements and initiatives with automotive original equipment manufacturers (“OEMs”) (https://ibn.fm/Bpu1g). The Silicon Valley innovator and leader specializes in high-performance Micro Motion Technology (MMT(R)) lidar solutions that enable reliable, scalable, long-range, high-resolution 3D perception for smart applications. “I’m incredibly proud that our Silicon Valley company, Cepton, has earned Detroit’s trust,” said Dr. Jun Pei, Cepton’s Co-Founder and CEO. “As we continue to expand our engagements with all of the top ten global OEMs, locating our experienced team in Detroit will serve us well. Our expanded footprint will help us reach our goal of making lidar a standard safety feature in the cars of today and the key component in the autonomous vehicles of the future.” As a result of CPTN’s rapid growth over the last year, the company was recently added to the Russell 3000(R) Index, effective June 27, 2022, as part of its annual reconstitution that roughly captures the 4,000 largest U.S. stocks as of May 6, 2022, ranked by total market capitalization. In addition, inclusion in the Russell 3000(R) Index automatically lists the company in either the large-cap Russell 1000(R) Index or small-cap Russell 2000(R) Index, along with other growth and value style indexes. “Cepton is excited to be joining the Russell 3000(R) Index as it enables us to expand awareness of our story among the investment community as we continue to execute against our milestones generating long-term stakeholder value,” said Dr. Jun Pei (https://ibn.fm/0Nb2V). “At Cepton, our design philosophy and technology enabled us to win the largest ADAS series production award to date, and inclusion in the Russell indexes is another point of validation in our ongoing journey as a public company.” Since its inception in 2016, Cepton has rapidly advanced lidar research and innovation, earning the company an award to support General Motors’ Ultra Cruise program. As a leading innovator of lidar-based solutions for automotive (ADAS/AV), smart cities, smart spaces, and smart industrial applications, Cepton aims to take its patented Micro Motion Technology (MMT(R)) mainstream to enable reliable, scalable, and cost-effective 3D perception solutions across multiple major global markets. For more information, visit the company’s website at www.Cepton.com. NOTE TO INVESTORS: The latest news and updates relating to CPTN are available in the company’s newsroom at https://ibn.fm/CPTN

Odyssey Health, Inc. (ODYY) Reports Positive Findings on Phase 1 Clinical Trials of PRV-002 for Concussions

  • No adverse reactions were reported in any of the healthy subjects enrolled in the Cohort II Phase 1 clinical trial of PRV-002
  • Company in talks with military training sites for Phase 2 and 3 clinical trials on concussed patients
  • The CDC estimates that approximately 1.6 to 3.8 million sports and recreation-related concussions occur annually, for which there is no FDA-approved treatment
  • The global concussion market size was valued at $6.8 billion in 2019. This value is expected to rise to $8.9 billion by 2027, growing at a CAGR of 3.6%
Odyssey Health (OTC: ODYY), a medical company focused on unique, life-saving medical products that offer clinical advantages to unmet clinical needs, has announced positive safety findings from Cohort II of their Phase 1 clinical trial. The company’s Phase 1 trial involves the administration of PRV-002, Odyssey’s novel treatment for concussions, to healthy human subjects. Findings from Cohort II have indicated that the drug is safe and well-tolerated amongst the subjects. Conducted at Nucleus Network, a leading clinical research organization, Cohort II was unblinded and evaluated by the Safety Review Committee. Cohort II was conducted using six healthy human volunteers, each receiving either one dose of PRV-002 or a placebo. These were followed up by evaluations looking for abnormal responses, which concluded no adverse effects were reported, and the drug was well tolerated. Evaluations included vital sign monitoring, EKG readings, sleep pattern, and breathing function – which were all normal. Labs indicated there were no alterations associated with the PRV-002 treatment. “PRV-002 continues to be well-tolerated as we increase the intranasal dose levels. We look forward to completing Phase I Clinical Trials and moving into a Phase II/III to determine the efficacy of PRV-002 for concussed patients,” Odyssey Health CEO Michael Redmond said (https://ibn.fm/U8T8X). “I believe that intranasal brain-targeting will be the key to its success. We are currently in discussions with military training sites for our Phase II/III clinical trials.” The Phase 1 trial is ongoing and has 40 healthy subjects administered a single ascending dose and a multi-ascending dose component. Odyssey is currently going through the process of scheduling a meeting with the FDA to present the findings from the Phase 1 trial. The company will report additional findings as they become available. “After reviewing the data from Cohort II, I have strong confidence that PRV-002 will continue to show safety for this Phase I clinical trial as an option for the treatment of concussion,” said Dallas Hack, MD, a member of the Safety Review Committee. “No abnormalities were seen, and we have unanimously approved the next cohort where the treatment dose will be doubled.” Concussions are a mild form of traumatic brain injury. They are caused by a bump, blow, or jolt to the head or body that causes rapid brain movement inside the skull. Even the slightest concussion can change the brain’s normal functions. According to the CDC, an estimated 1.6 to 3.8 million sports and recreation-related concussions occur annually in the United States (https://ibn.fm/a0Ozl). The global concussion market size was valued at $6.8 billion in 2019. Due to the rising number of accidents and sports injuries, this number is expected to grow at a CAGR of 3.6% from 2020 to 2027, resulting in a value of $8.9 billion by 2027. The leading causes of concussions in the United States include falls (52%), motor vehicle-related injury (20%), being hit by or colliding with an object (17%), and assaults (11%) (https://ibn.fm/II4pK). Odyssey’s PRV-002 is a new chemical entity, Proprietary Neurosteroid, with proven in-vivo efficacy in animal concussion models through gene amplification of anti-inflammatories, anti-oxidants, and efflux fluid channels. The administration nasally allows for the drug to reach the brain in a matter of minutes. PRV-002 is Odyssey’s solution for a medical need that currently has no FDA-approved treatment. For more information, visit the company’s website at https://odysseygi.com/. NOTE TO INVESTORS: The latest news and updates relating to ODYY are available in the company’s newsroom at https://ibn.fm/ODYY

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