Day: December 4, 2023

A surge in urbanization, an increasing number of cyberattacks, and the emergence of technologies such as machine learning and artificial intelligence is driving the Voice Biometrics Market demand Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The global Voice Biometrics Market is forecasted to be worth USD 14.13 Billion by 2032, according to a new report by Emergen Research. The market is witnessing high demand owing to the rise in advancement in software and hardware. Rapid urbanization and adoption of digital technology in industries like Telecommunications and IT, BFSI, Government, and Defense will drive the demand for the voice biometric. The proliferation of digital devices in everyday activities has created a need for advanced protection solutions. Some of the commonly used biometric technology are radio networks, mobile phones...

The growing demand for renewable sources of energy and increasing consumption of hydrogen in the transportation sector are driving the demand of the power to gas market. Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The global Power to Gas Market will be worth USD 111.00 Million by 2032, according to a current analysis by Emergen Research. The growth of this market can be attributed to the increasing demand for electricity owing to rapid urbanization. Both the transportation and industrial sector has increasingly adopted renewable sources of energy. Moreover, the increasing preferences of the industrial segment towards cleaner sources of energy in order to reduce their dependency on fossil fuel-based power generation and be more energy efficient in the future is expected to drive the demand of the system over the forecast period. The...

The promising growth of the Food Ingredients market is driven by the higher expansion in the processed foods and ready-to-serve foods market and the increasing demand from developing economies Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The Food Ingredients Market is forecasted to be worth USD 140.62 billion by 2032, according to a new report by Emergen Research. The key factors influencing the market include increasing adoption of the convenience foods, higher demand for the natural food ingredients, and a tremendous surge in demand for ready-to-eat food products. Higher consumer preference for the extended nutritious value, rising requirement for the cold-storage foods, the higher proliferation of the ready-made packaged & ready-to-serve foods, foods with lower calorific values & dietary foods, and cheaper alternatives...

VANCOUVER, British Columbia, Dec. 04, 2023 (GLOBE NEWSWIRE) — X1 Entertainment Group Inc. (CSE:XONE; OTCQX: XOEEF; FSE: QN9) (“X1” or the “Company”) is pleased to announce that the Company has entered into a non-binding letter of intent dated December 1, 2023 (the “LOI”) with SKRR Exploration Inc. (“SKRR”) which sets out the terms of a proposed transaction (the “Proposed Transaction”) whereby the Company will acquire a 100% legal and beneficial interest in certain mining claims located in Manitoba known as the Manson Bay Project (the “Property”). Proposed Transaction Terms Pursuant to the terms and conditions of the LOI, as consideration for the acquisition of the Project the Company will issue 1,000,000 common shares to SKRR at an issue price of $0.055, or such higher price as may be required by the policies of the Canadian Securities...

MIAMI, Dec. 04, 2023 (GLOBE NEWSWIRE) — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”), a special purpose acquisition company, announced today that on November 30, 2023, its sponsor, Vision Sensing, LLC, deposited $60,000 into the Company’s trust account, which is the sum that the Company must pay to extend the date by which the Company must consummate its initial business combination from December 3, 2023, to January 3, 2024 (the “Extension”). The Company has issued to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $60,000 as consideration for the funding. This is the second of up to six one-month extensions that the Company is authorized to obtain under its amended and restated certificate of incorporation as recently amended on October 25, 2023. The Extension...

Acquisition is Expected to Add an Estimated $20 Million of Revenue on a Pro Forma Basis and Provide Significantly Enhanced Manufacturing Capabilities MIAMI, Dec. 04, 2023 (GLOBE NEWSWIRE) — Smart for Life, Inc. (Nasdaq: SMFL) (“Smart for Life” or the “Company”), a high growth global leader in the Health & Wellness sector marketing and manufacturing nutritional foods and supplements worldwide, today announced that it has executed a Letter of Intent (LOI) to acquire a state-of-the-art manufacturer of vitamins and supplements, which is expected to add an estimated $20 million of revenue on a pro forma basis over the next year. “We are pleased to announce this latest LOI as part of our M&A strategy in the nutraceutical space,” said A.J. Cervantes, Jr., the Company’s Chairman. “This transaction will be our largest acquisition...

The growing proliferation of virtual reality, emergence of telemedicine coupled with higher proliferation of the e-commerce industry are the key factors driving global growth in the Digital Scent Technologies market Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The Global Digital Scent Technologies Market is projected to reach USD 14.21 billion in 2032. The key factors influencing the market include increasing demand for the electronic smell sensing technologies, growing emergence of the digital market strategies for the products that include flavor & fragrance, rising penetration for the e-commerce shopping, and higher proliferation for the telemedicine or online healthcare services, and non-invasive healthcare techniques. Inclusion of sense of smell is expected to create enormous possibilities of use cases in various end-use...

High prevalence of infectious diseases is a major factor driving market revenue growth for point-of-care testing Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The global Point-of-Care Testing (POCT) market size reached USD 39.80 Billion in 2021 and is expected to register a significantly rapid revenue CAGR during the forecast period, according to latest analysis by Emergen Research. Point-of-Care (POCT) Testing Market Drivers: POCT can help with better management of infectious disease, specifically in underdeveloped and developing countries where access to diagnostic centers is limited and healthcare infrastructure is obsolete and inadequate. According to the report by The Joint United Nations Programme on HIV/AIDS (UNAIDS), about 20.6 million people in East and Southern Africa were living with HIV in 2018. In 2019, 20,000 new HIV...

Increasing R & D for the development of technologically advanced devices and growing incidences of skin diseases and neonatal jaundice are driving the demand of the Phototherapy Devices Market Vancouver, Dec. 04, 2023 (GLOBE NEWSWIRE) — The global Phototherapy Devices Market is expected to reach USD 949.89 Million by 2032, according to a new report by Emergen Research. The growth of this market can be attributed to the growing awareness among patients about the advanced diagnostic solutions provided by the improved healthcare structure. Increasing research and development by the key manufacturers for the technological advancement of the devices is augmenting the demand for the industry.  The pandemic has caused a shortage of essential life-saving devices and medical supplies. It has severely disrupted the supply chain and...