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Month: May 2024

Vision Sensing Acquisition Corp. Announces Intention to Extend the Period to Consummate Its Initial Business Combination to July 3, 2024

NEW YORK, May 30, 2024 (GLOBE NEWSWIRE) — Vision Sensing Acquisition Corp. (NASDAQ: VSACU, VSAC, VSACW) (the “Company”), a special purpose acquisition company, announced today that it has notified Continental Stock Transfer & Trust Company that it intends to extend the date by which the Company must consummate its initial business combination from June 3, 2024, to July 3, 2024, and that its sponsor, Vision Sensing, LLC, intends to deposit into the Company’s trust account an aggregate of $51,016.10 by June 3, 2024 (the “Extension”). In connection with the Extension, the Company intends to issue to its sponsor a non-interest bearing, unsecured promissory note in the principal amount of $51,016.10 as consideration for the funding. This will be the second of up to six one-month extensions that the Company is authorized to obtain...

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Hivello app launched at Blockchain trade show Consensus

TORONTO, May 30, 2024 (GLOBE NEWSWIRE) — Blockmate Ventures Inc (TSX.V: MATE) (OTCQB: MATEF) (FSE: 8MH1) (“Blockmate” or the “Company”) is pleased to announce that its investee, Hivello Holdings, has launched in private beta its passive income generation app at the Consensus 2024 conference in Austin, Texas. The app has generated significant interest with 19,600 users subscribing to the waitlist of the platform that simplifies Web3 mining for novices that want to apply unused computing power to generate passive income via blockchain channels. Consensus is the world’s largest, longest-running and most influential gathering that brings together all sides of the cryptocurrency, blockchain and Web3 community. Blockmate owns a 67% stake in Hivello which successfully completed an upsized US$2.5 million funding round with its latest pre-money...

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Performance Shipping Inc. Reports Solid Financial Results for the First Quarter Ended March 31, 2024

ATHENS, Greece, May 30, 2024 (GLOBE NEWSWIRE) — Performance Shipping Inc. (NASDAQ: PSHG) (“we” or the “Company”), a global shipping company specializing in the ownership of tanker vessels, today reported net income of $11.4 million and net income attributable to common stockholders of $11.0 million for the first quarter of 2024. The 2024 first quarter results compared to a net income of $15.7 million and net income attributable to common stockholders of $4.6 million for the same period in 2023. Earnings per share, basic and diluted, for the first quarter of 2024 were $0.89 and $0.29, respectively. Revenue was $22.4 million ($21.6 million net of voyage expenses) for the first quarter of 2024, compared to $29.5 million ($28.0 million net of voyage expenses) for the same period in 2023. This decrease was attributable to the decrease...

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ARHT Media Announces Q1 2024 Operating Results

Revenue grew 23% YoY to $1.6m Cash-based Operating Expenses reduced by 44% EBITDA loss reduced by 48% TORONTO, May 30, 2024 (GLOBE NEWSWIRE) — ARHT Media Inc. (“ARHT” or “the Company”) (TSXV: ART), (OTCQB: ARHTF) the global leader in the development, production and distribution of high-quality, low latency hologram and digital content, today announced its financial results for the first quarter ended March 31, 2024. Q1 2024 Financial UpdateRevenue for Q1 2024 was $1.6M vs $1.3M for Q1 2023, a 23% increase. Cash based Operating Expenses reduced to $1.8M vs $3.2M, a 44% improvement. Q1 2024 EBITDA loss of ($0.9M) vs ($2.5M) in Q1 2023, a positive reduction of 48%.Q1 2023 Business HighlightsSigned the largest contract in the Company’s history with the University of Quebec at Trois Rivieres, to deliver...

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21.co Launches Wrapped Bitcoin (21BTC) on Solana

21.co aims to provide simple access to Bitcoin on the Solana blockchain, further enabling deep liquidity on decentralized exchanges, collateral eligibility on lending applications, and institutional-grade security. ZURICH, May 30, 2024 – 21.co, the parent company of 21Shares – one of the world’s largest issuers of crypto exchange traded products (ETPs), today announced the launch of 21.co Wrapped Bitcoin (21BTC) on the Solana blockchain. 21BTC on Solana represents 21.co’s latest addition to its lineup of wrapped tokens. Having entered the wrapped tokens space in 2023, 21.co aims to usher in the next phase of decentralized finance (DeFi) and help enable DeFi’s broader adoption. Tokens will play a crucial role in the digital transformation of capital markets, thereby making financial assets (both crypto assets and real-world assets) more...

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Philips celebrates 1.9m liters of helium saved as it marks 1,111 helium-free MRI operations installs, expanding care to more patients in more locations

Philips MR 5300 BlueSeal installation at Vida Imaging & Breast Center, Bayamon, Puerto RicoExterior picture of Vida Imaging & Breast Center, Bayamon, Puerto RicoA clinician using a Philips MR 5300May 30, 2024 First to provide helium-free operations in 2018, Philips marks milestone during installation in Puerto Rico Amsterdam, the Netherlands and Bayamón, Puerto Rico – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and world leader in proven helium-free [1] MRI operations, today announced the 1,111th installation of its revolutionary BlueSeal 1.5T magnet, which took place in Puerto Rico’s Vida Imaging & Breast Center (Bayamón, Puerto Rico). Beyond its economic and sustainability benefits [2], helium-free MRI operations also increase resilience in the face of the tropical...

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Nokia to deliver the first-ever Esports event over Wi-Fi technology: The Nokia Apex Legends invitational tournament

Nokia Beacon 10 – The ultimate Wi-Fi 6E tri-band mesh routerNokia WiFi Beacon 10Experience Wi-Fi 6E in every roomNokia Beacon 10 – Gigabit speeds throughout the homeNokia WiFi mesh creates a seamless Wi-Fi 6E network throughout the homeTrue tri-band: leverage the 2.4, 5 and 6 GHz bandsHigh-speed connectivity to the Internet (10 Gbps)Press ReleaseNokia to deliver the first-ever Esports event over Wi-Fi technology: The Nokia Apex Legends invitational tournamentNokia Wi-Fi Beacon powers first-ever Apex Legends Invitational Esports over Wi-Fi charity tournament. Nokia brings world class connectivity to communities worldwide, allowing players to compete and excel on the world gaming scene. Esports gamers use the Nokia Beacon to wirelessly connect and compete in the Apex Legends game, showcasing its near-deterministic...

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McGraw Hill Reports Fourth Quarter and Full Year Fiscal 2024 Financial Results

After a strong fourth quarter, the company delivered over $2 billion in billings, including nearly $1.3 billion in digital billings, and is well positioned for a strong fiscal 2025 COLUMBUS, Ohio, May 30, 2024 (GLOBE NEWSWIRE) — McGraw Hill, a leading global education company, today reported financial results for the full 2024 fiscal year of $2 billion in billings, $728 million in Adjusted EBITDA at a 36% adjusted EBITDA margin and $511 million in Operating Free Cash Flow. Although total billings were down 5% year-over-year due to an expected smaller U.S. K-12 adoption market, fiscal Q4 was stronger than anticipated with a larger market opportunity expected in the 2025 fiscal year. Digital billings increased year-over-year to $1.3 billion in the fiscal year, now making up 64% of total company billings and 90% of total Higher Education...

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Hepsiburada to Announce First Quarter 2024 Results on June 13, 2024

ISTANBUL, Türkiye, May 30, 2024 (GLOBE NEWSWIRE) — D-MARKET Electronic Services & Trading (d/b/a “Hepsiburada”) (NASDAQ: HEPS), a leading Turkish e-commerce platform, will report its unaudited financial results for the first quarter ending March 31, 2024 before the U.S. market opens on Thursday, June 13, 2024. Conference Call and Webcast DetailsHepsiburada’s management will host an analyst and investor conference call and live webcast to discuss its financial results at 16.00 İstanbul / 14.00 London / 9.00 a.m. New York time on Thursday, June 13, 2024. Live webcast can be accessed via https://87399.themediaframe.eu/links/hepsiburada240613.html. A replay will be available on the Hepsiburada Investor Relations website https://investors.hepsiburada.com following the call. Hepsiburada’s results presentation will be available on...

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AITX’s RAD Announces Engagement for Department of Homeland Security SAFETY Act Designation for Firearm Detection Software Solutions

Detroit, Michigan, May 30, 2024 (GLOBE NEWSWIRE) — Robotic Assistance Devices, Inc. (RAD), a subsidiary of Artificial Intelligence Technology Solutions, Inc., (the “Company”) (OTCPK:AITX), is excited to announce it has retained a consultant to prepare its application for SAFETY Act designation from the U.S. Department of Homeland Security (DHS) for its recently enhanced, state-of-the-art Firearm Detection software solution. Successful designation, which is expected sometime in 2024, would challenge the current monopoly position held by ZeroEyes in this designation. “Our Firearm Detection software has demonstrated its effectiveness in real-world scenarios, and receiving this designation will expand our potential market to the greatest possible extent,” said Steve Reinharz, CEO/CTO of AITX and RAD. “We are committed to providing...

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