Market Newsdesk

HERNDON, Va., Dec. 23, 2024 (GLOBE NEWSWIRE) — Navient (Nasdaq: NAVI) announced today that it has reached an agreement to sell its Government Services business to an affiliate of Gallant Capital Partners, LLC, a Los Angeles-based investment firm.

Navient’s Government Services business includes Navient Business Processing Group, Duncan Solutions, Gila (D.B.A Municipal Services Bureau), Pioneer Credit Recovery and Navient BPO. Approximately 1,200 employees will be included in the transaction, which is expected to close in the first quarter of 2025, subject to certain conditions.

Additional information can be found in the 8-K filed by Navient today. Navient was advised on the transaction by Houlihan Lokey and WilmerHale.

About Navient

Navient (Nasdaq: NAVI) provides technology-enabled education finance and business processing solutions that simplify complex programs and help millions of people achieve success. Our customer-focused, data-driven services deliver exceptional results for clients in education and government. Learn more at navient.com.

Contacts:


Navient Media: Paul Hartwick, 302-283-4026, [email protected]
Navient Investors: Jen Earyes, 703-984-6801, [email protected]

Rehovot, Israel, Dec. 23, 2024 (GLOBE NEWSWIRE) — Maris-Tech Ltd. (Nasdaq: MTEK, MTEKW) (“Maris-Tech” or the “Company”), a global leader in video and artificial intelligence (“AI”) based edge computing technology, today announced that it has received a significant new order for $1 million. The order, placed by a repeat customer located in the United States, is for a product based on the Jupiter family and designed to meet the specific needs of the homeland security (“HLS”) sector.

This new order highlights Maris-Tech’s growing presence and strategic momentum in the U.S. market, and further establishes the Company as a trusted provider of innovative video and AI edge computing solutions for defense and HLS applications worldwide.

The order involves hundreds of units of this cutting-edge technology, which combines compact size, robust performance, and high-speed connectivity necessary to address mission-critical HLS requirements related to intelligence, surveillance, and operational efficiency.

“We are proud to announce this substantial order,” said Israel Bar, Chief Executive Officer of Maris-Tech. “This achievement strengthens our relationship with a valued returning customer and demonstrates the growing recognition of our innovative solutions within the HLS sector. As we move forward, Maris-Tech intends to significantly expand its marketing efforts in the U.S., with a focus on drones, defense and HLS applications.”

About Maris-Tech Ltd.

Maris-Tech is a global leader in video and AI-based edge computing technology, pioneering intelligent video transmission solutions that conquer complex encoding-decoding challenges. Our miniature, lightweight, and low-power products deliver high-performance capabilities including raw data processing, seamless transfer, advanced image processing, and AI-driven analytics. Founded by Israel technology sector veterans, Maris-Tech serves leading manufacturers worldwide in defense, aerospace, Intelligence gathering, homeland security (HLS) and communication industries worldwide. We’re pushing the boundaries of video transmission and edge computing, driving innovation in mission-critical applications across commercial and defense sectors.

For more information, visit https://www.maris-tech.com/

Forward-Looking Statement Disclaimer

This press release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, that are intended to be covered by the “safe harbor” created by those sections. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect”,” “may”, “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate” or other comparable terms. For example, we are using forward-looking statements when we are discussing: the repeat order and the timing of delivery of the products; the development, production and delivery of our product based on the Jupiter family and the ability of such product to meet the specific needs of the HLS sector; our growing presence and strategic momentum in the U.S. market; our position as a trusted provider of innovative video and AI edge computing solutions for defense and HLS applications worldwide; our relationships with the returning customer and our plans to significantly expand our marketing efforts in the U.S. with a focus on drones, defense, and HLS applications. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks and changes in circumstances that are difficult to predict and many of which are outside of our control. Our actual results and financial condition may differ materially from those indicated in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Important factors that could cause our actual results and financial condition to differ materially from those indicated in the forward-looking statements include, among others, the following: our ability to successfully market our products and service

s, including in the United States; the acceptance of our products and services by customers; our continued ability to pay operating costs and ability to meet demand for our products and services; the amount and nature of competition from other security and telecom products and services; the effects of changes in the cybersecurity and telecom markets; our ability to successfully develop new products and services; our success establishing and maintaining collaborative, strategic alliance agreements, licensing and supplier arrangements; our ability to comply with applicable regulations; and the other risks and uncertainties described in the Annual Report on Form 20-F for the year ended December 31, 2023, filed with the SEC on March 21, 2024, and our other filings with the SEC. We undertake no obligation to publicly update any forward-looking statement, whether written or oral, that may be made from time to time, whether as a result of new information, future developments or otherwise.

Investor Relations:

Nir Bussy, CFO
Tel: +972-72-2424022
[email protected]

Advertiser base expands by 230% in 2024, driven by acceleration in demand

Los Angeles, CA, Dec. 23, 2024 (GLOBE NEWSWIRE) — Thumzup Media Corporation (“Thumzup” or the “Company”) (Nasdaq: TZUP), an emerging leader in social media branding and programmatic marketing solutions, is pleased to report continued strong growth in its advertiser base, which now exceeds 600 just weeks after the Company announced it surpassed 500 advertisers. This momentum and robust growth trajectory should position Thumzup as an increasingly disruptive force in social media advertising.

“Our rapid expansion to over 600 advertisers highlights the strength of our disruptive advertising model,” stated Robert Steele, CEO of Thumzup. “As a leader in authentic and creator driven social media advertising, our platform continues to empower brands with wider access to various audiences, while offering users real monetary incentives for our app users. This growth is a testament to the effectiveness of our innovative approach.”

To further enhance its platform, Thumzup recently integrated with X (formerly Twitter), connecting advertisers with over 535 million monthly active users. Thumzup is also partnering with Tedras Global Solutions to leverage AI for improved ad targeting, campaign optimization, and enhanced user experiences.

Thumzup is working to redefine the digital advertising landscape with its proprietary technology and scalable growth model. This unique approach combines a programmatic advertiser dashboard with a user-centric app that incentivizes engagement through direct cash payouts, disrupting traditional advertising norms and driving measurable results.

About Thumzup

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Thumzup Media Corporation (Thumzup) is democratizing the multi-billion dollar social media branding and marketing industry. Its flagship product, the Thumzup platform, utilizes a robust programmatic advertiser dashboard coupled with a consumer-facing App to enable individuals to get paid cash for posting about participating advertisers on major social media outlets through the Thumzup App. The easy-to-use dashboard allows advertisers to programmatically customize their campaigns. Cash payments are made to App users/creators through PayPal and other digital payment systems.

Thumzup was featured onCBS Los Angeles and inKTLA.

Legal Disclaimer

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These include, without limitation, statements about its potential growth, impacts on the advertising industry, plans for potential uplisting, and planned expansion. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in our filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Contact Info

[email protected]

800-403-6150

Media Contact

Jessica Starman
[email protected]

Attachment

• Thumzup Media Corporation

Ankaa-3 features a broad hardware redesign enabling superior performance. Enhancements across the technology stack include a new cryogenic hardware design, an overhaul of the qubit circuit layout, precise qubit frequency targeting with Alternating-Bias Assisted Annealing, and flexible gate architecture with precise controls. Ankaa-3 has achieved a 99.5% median two-qubit gate fidelity.

BERKELEY, Calif., Dec. 23, 2024 (GLOBE NEWSWIRE) — Rigetti Computing, Inc. (Nasdaq: RGTI) (“Rigetti” or the “Company”), a pioneer in full-stack quantum-classical computing, announced today the public launch of its 84-qubit Ankaa-3 system. Ankaa-3 is Rigetti’s newest flagship quantum computer featuring an extensive hardware redesign that enables superior performance. Rigetti also celebrates major two-qubit gate fidelity milestones with Ankaa-3: successfully halving error rates in 2024 to achieve a median 99.0% iSWAP gate fidelity, as well as demonstrating 99.5% median fidelity fSim gates.

Ankaa-3 is now available to its partners via the Rigetti Quantum Cloud Services platform (QCS^®) and will be coming to Amazon Braket and Microsoft Azure in the first quarter of 2025. Users will be able to operate these higher fidelity and universal iSWAP gates for a wide range of algorithmic research, with a median gate time of 72 nanoseconds. The faster (median 56 nanoseconds), more specialized fSim gates are useful for specific algorithms such as random circuit sampling, as recently demonstrated on Google’s Willow system.

The Ankaa-3 system continues to feature Rigetti’s scalable, industry-leading chip architecture with 3D signal delivery while incorporating major enhancements to key technologies. Leveraging the Company’s full-stack expertise and in-house quantum foundry capabilities, Ankaa-3 demonstrates Rigetti’s ability to deliver increasingly higher performance quantum computers.

The Company’s focus on improving qubit fidelity has resulted in enhancements across the technology stack:

• All new cryogenic hardware design – Reducing the amount of metal at the refrigerator’s coldest stage increases efficiency and reduces the cost per qubit. Superior thermalization and magnetic/environmental shielding also improves system performance. This new design enables scaling up to thousands of qubits.

• Improved qubit chip – Rigetti overhauled its qubit chip, leading to improved coherence. Through its collaboration with the Superconducting Quantum Materials & Systems Center (SQMS) led by Fermilab, Rigetti implemented a metal deposition method for qubit circuitry with a higher T₁ baseline — which indicates the lifetime of a qubit. Additionally, the circuit layout was optimized to minimize qubit losses and take advantage of the new higher-coherence process.

• Josephson junction fabrication with Alternating-Bias Assisted Annealing (ABAA) – The Ankaa-3 chip features the hallmarks of Rigetti’s Ankaa-class chip architecture with a square lattice of qubits and tunable couplers. The 84-qubit chip’s Josephson junctions are manufactured using Rigetti’s novel ABAA technique. ABAA allows for precise qubit frequency targeting, which enables better execution of two-qubit gates and increases in yield, both of which contribute to higher fidelity.

• Precise control and flexible gate architecture – Rigetti has invested heavily in the control technologies underpinning its QPUs. Chip-wide optimization of qubit and tunable coupler frequencies produces fewer unwanted qubit-qubit interactions, and real-time, in-hardware pulse pre-compensation produces gates with lower incoherent errors. Rigetti has also developed a robust calibration process for highly expressive square-root-iSWAP-like gates while solving some of the compilation challenges associated with their practical usage, resulting in an nQA-oriented gate set with significantly lower error rates.

“With approximately $225 million of cash, cash equivalents and available for sale investments and no debt, we are extremely confident in our ability to deliver on our roadmap and performance goals. The remarkable performance of Ankaa-3 reinforces our leadership in the superconducting quantum computing field — which we believe is the winning modality for high-performance quantum computers due to their many advantages, including fast gate speeds and well-established manufacturing processes,” says Dr. Subodh Kulkarni, Rigetti CEO.

“Our teams, across the technology stack, work incredibly hard to introduce new, innovative ways to increase our system’s performance. As we continue the journey towards fault tolerance, we are constructing computing systems with capabilities that have not been seen before,” says David Rivas, Rigetti CTO. “At Rigetti, working closely with our partners, we are committed to finding ways to put those systems to practical use.”

Rigetti plans to introduce the next generation of its modular system architecture, while continuing to increase fidelities, in 2025. By mid-year 2025, the Company expects to release a 36-qubit system based on four 9-qubit chips tiled together, with a targeted 2x reduction in error rates from the current level. By the end of 2025, the Company expects to release a system with over 100 qubits with a targeted 2x reduction in error rates from the current level.

About Rigetti

Rigetti is a pioneer in full-stack quantum computing. The Company has operated quantum computers over the cloud since 2017 and serves global enterprise, government, and research clients through its Rigetti Quantum Cloud Services platform. In 2021, Rigetti began selling on-premises quantum computing systems with qubit counts between 24 and 84 qubits, supporting national laboratories and quantum computing centers. Rigetti’s 9-qubit Novera™ QPU was introduced in 2023 supporting a broader R&D community with a high-performance, on-premises QPU designed to plug into a customer’s existing cryogenic and control systems. The Company’s proprietary quantum-classical infrastructure provides high-performance integration with public and private clouds for practical quantum computing. Rigetti has developed the industry’s first multi-chip quantum processor for scalable quantum computing systems. The Company designs and manufactures its chips in-house at Fab-1, the industry’s first dedicated and integrated quantum device manufacturing facility. Learn more at www.rigetti.com.

Rigetti Computing Media Contact:


[email protected]

Cautionary Language Concerning Forward-Looking Statements

Certain statements in this communication may be considered “forward-looking statements” within the meaning of the federal securities laws, including expectations with respect to release by mid-year 2025 of a 36-qubit system based on four 9-qubit chips tiled together, with a targeted 2x reduction in error rates from the current level and release of a system with over 100 qubits with a targeted 2x reduction in error rates from the current level by the end of year 2025; our ability to deliver on our roadmap and performance goals and construct computing systems with capabilities that have not been seen before and finding ways to put those systems to practical use and expectations with respect to superconducting being the winning modality for higher performance quantum computing. Forward-looking statements generally relate to future events and can be identified by terminology such as “commit,” “may,” “should,” “could,” “might,” “plan,” “possible,” “intend,” “strive,” “expect,” “intend,” “will,” “estimate,” “believe,” “predict,” “potential,” “pursue,” “aim,” “goal,” “outlook,” “anticipate,” “assume,” demonstrate,” “target,” or “continue,” or the negatives of these terms or variations of them or similar terminology. Such forward-looking statements are subject to risks, uncertainties, and other factors which could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon estimates and assumptions that, while considered reasonable by Rigetti and its management, are inherently uncertain. Factors that may cause actual results to differ materially from current expectations include, but are not limited to: the Company’s ability to achieve milestones, technological advancements, including with respect to its technology roadmap, help unlock quantum computing, and develop practical applications; the ability of the Company to obtain government contracts successfully and in a timely manner and the availability of government funding; the potential of quantum computing; the ability of the Company to expand its QPU sales; the success of the Company’s partnerships and collaborations; the Company’s ability to accelerate its development of multiple generations of quantum processors; the outcome of any legal proceedings that may be instituted against the Company or others; the ability to maintain relationships with customers and suppliers and attract and retain management and key employees; changes in applicable laws or regulations; the possibility that the Company may be adversely affected by other economic, business, or competitive factors; the Company’s estimates of expenses and profitability; the evolution of the markets in which the Company competes; the ability of the Company to implement its strategic initiatives, expansion plans and continue to innovate its existing services; the expected use of proceeds from the Company’s past and future financings or other capital; the sufficiency of the Company’s cash resources; unfavorable conditions in the Company’s industry, the global economy or global supply chain, including financial and credit market fluctuations and uncertainty, rising inflation and interest rates, disruptions in banking systems, increased costs, international trade relations, political turmoil, natural catastrophes, warfare, and terrorist attacks; the Company’s ability to maintain compliance with the continued listing standards of the Nasdaq Capital Market; and other risks and uncertainties set forth in the section entitled “Risk Factors” and “Cautionary Note Regarding Forward-Looking Statements” in the Company’s Annual Report on Form 10-K for the year ended December 31, 2023 and Quarterly Report on Form 10-Q for the quarter ended September 30, 2024, and other documents filed by the Company from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and the Company assumes no obligation and does not intend to update or revise these forward-looking statements other than as required by applicable law. The Company does not give any assurance that it will achieve its expectations.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/ec541bde-8376-437d-a751-cbf9029f8d87

Robust October and November 2024 results driven by the continued success of FlexShopper’s

direct-to-consumer and business-to-business growth strategies

Based on strong October and November 2024 performance, management expects the fourth quarter of 2024 to exceed financial results for the fourth quarter of 2023

BOCA RATON, Fla., Dec. 23, 2024 (GLOBE NEWSWIRE) — FlexShopper, Inc. (Nasdaq: FPAY), a prominent national online lease-to-own retailer and payment solutions provider, today announced record initial holiday season financial results, as the Company benefits from the continued success of its direct-to-consumer (DTC) and business-to-business (B2B) growth strategies. For the first two months of the 2024 fourth quarter, compared to the same two-month period in 2023, lease gross revenue increased 15%, and lease net revenue increased over 25%, as bad debt expense, as a percent of gross revenue declined by 600 basis points. As a result, lease gross profit increased 51% for the first two months of the 2024 fourth quarter, while lease marketing expense has declined over 40% for the same period. New loan originations increased over 34% versus the same two-month period last year.

“I am encouraged by the positive contribution our DTC and B2B growth strategies are having on our initial holiday results in this last quarter of 2024, and I am excited by the opportunities we are pursuing in 2025 and beyond,” said Russ Heiser, CEO at FlexShopper. “FlexShopper has experienced robust and profitable year-over-year growth, while simultaneously improving credit quality as a result of the innovative platform we have developed. We expect these positive trends will continue, as prior period lease originations are recognized as lease revenue and benefit financial results in future quarters. As a result, we expect a record fourth quarter of 2024 and strong start to 2025.”

Mr. Heiser continued, “We have experienced favorable demand trends on our flexshopper.com marketplace during the 2024 holiday season. In fact, online originations set a daily record on December 18, 2024, driven by higher consumer traffic and expanded product offerings. As we close out 2024, we are seeing additional opportunities to grow our B2B partnerships and increase our exposure to more consumers, while we also pursue a differentiated growth opportunity by serving more customers directly on our flexshopper.com digital marketplace. I look forward to continuing to update investors on the progress we are making, as we pursue multi-year growth strategies to create lasting value for our shareholders.”

Today’s announcement continues the positive momentum underway as FlexShopper pursues a profit focused, dual-channel growth strategy. From January 1, 2024, to November 30, 2024, FlexShopper has expanded its access to over 5,600 retail locations, and over 12 new eCommerce websites. FlexShopper’s partnership growth strategy has also expanded the payment solutions and product offerings on flexshopper.com – FlexShopper’s digital marketplace. These trends have positioned FlexShopper for higher revenue growth and profitability. For the third quarter of 2024, FlexShopper’s total revenue increased 23% year-over-year to $38.6 million, expanded Adjusted EBITDA by 45% to $12.2 million, and generated net income attributable to common stockholders of $1.2 million, or $0.05 per diluted share.

FlexShopper’s financial closing procedures for the full fourth quarter ending December 31, 2024, are not yet complete. It is possible that the final results may differ from the preliminary results, and that the Company’s outlook may change when results are finalized.

About FlexShopper, Inc.:

FlexShopper, Inc. (Nasdaq: FPAY) is a leading national financial technology company that provides payment options to consumers. FlexShopper provides a variety of flexible funding options for underserved consumers through its online direct to consumer marketplace at flexshopper.com and in partnership with partner merchants both online as well as at brick and mortar locations. FlexShopper’s solutions are designed to meet the needs of a wide range of consumer segments via lease-to-own and lending products.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements, which are based on certain assumptions and describe our future plans, strategies and expectations, can generally be identified by the use of forward-looking terms such as “believe,” “expect,” “may,” “will,” “should,” “could,” “seek,” “intend,” “plan,” “goal,” “estimate,” “anticipate,” or other comparable terms. Examples of forward-looking statements include, among others, statements we make regarding expectations of lease originations, the expansion of our lease-to-own program; expectations concerning our partnerships with retail partners; investments in, and the success of, our underwriting technology and risk analytics platform; our ability to collect payments due from customers; expected future operating results and expectations concerning our business strategy. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including, among others, the following: our ability to obtain adequate financing to fund our business operations in the future; the failure to successfully manage and grow our FlexShopper.com e-commerce platform; our ability to maintain compliance with financial covenants under our credit agreement; our dependence on the success of our third-party retail partners and our continued relationships with them; our compliance with various federal, state and local laws and regulations, including those related to consumer protection; the failure to protect the integrity and security of customer and employee information; and the other risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our Annual Report on Form 10-K and subsequently filed Quarterly Reports on Form 10-Q. The forward-looking statements made in this release speak only as of the date of this release, and FlexShopper assumes no obligation to update any such forward-looking statements to reflect actual results or changes in expectations, except as otherwise required by law.

Company Contact:

FlexShopper, Inc.
Investor Relations
[email protected] 

Investor and Media Contact

Andrew Berger
Managing Director
SM Berger & Company, Inc.
Tel (216) 464-6400
[email protected] 

Geneva, Switzerland , Dec. 23, 2024 (GLOBE NEWSWIRE) —

SEALSQ Corp (NASDAQ: LAES) (“SEALSQ” or “Company”), a company that focuses on developing and selling Semiconductors, PKI, and Post-Quantum technology hardware and software products, today announced that it is at the forefront of developing innovative solutions to address the challenges posed by quantum computing. Through its QUASARS project, SEALSQ is advancing the field of Post-Quantum Cryptography (PQC) by creating hybrid solutions and quantum-resistant hardware designed to secure critical systems such as the Internet of Things (IoT) and blockchain networks.

Quantum Computing Risks to Bitcoin

As quantum computing evolves, its potential to disrupt blockchain-based systems like Bitcoin is becoming more evident. Bitcoin’s security relies on cryptographic principles that could be compromised by sufficiently powerful quantum computers.

Key vulnerabilities include:

1. p2pk and Reused p2pkh Addresses: These expose public keys, allowing quantum computers to derive private keys and steal funds.
2. Unspendable Bitcoins: Many Bitcoins in vulnerable addresses are inaccessible because their private keys have been lost. Without action, these coins remain at risk once quantum computers achieve sufficient computational power.

Mitigating Bitcoin’s Quantum Vulnerabilities

To safeguard Bitcoin against quantum threats, the community can take several actions:

• Transfer Funds to New p2pkh Addresses: Bitcoins in unused p2pkh addresses remain quantum-safe because their public keys are not exposed. Transferring funds to such addresses can prevent immediate risks.
• Consensus-Driven Ultimatums: A potential solution is for the Bitcoin community to establish an ultimatum requiring funds to be moved to safe addresses. After a set period, coins in unsafe addresses could become unusable. This measure, while effective, requires broad consensus and careful implementation to avoid unintended consequences.

Long-Term Resilience of Bitcoin

Even if all vulnerable Bitcoins are secured, blockchain systems remain at risk during transactions:

• Public keys are revealed when funds are transferred, creating a window for attackers with quantum computers to derive private keys and initiate competing transactions.
• Currently, Bitcoin’s network requires about 10 minutes to mine a block. Quantum computers would need to derive private keys faster than this to exploit the system. Scientific estimates suggest it currently takes a quantum computer approximately 30 minutes to hack a Bitcoin signature, making Bitcoin resistant for now. However, rapid advancements in quantum technology could reduce this time, jeopardizing the blockchain’s inherent security.

SEALSQ’s Commitment to a Quantum-Secure Future

SEALSQ is proactively addressing these challenges by developing quantum-resistant cryptographic solutions. Its innovations in hybrid post-quantum hardware and software ensure that critical systems, including Bitcoin and IoT networks, remain resilient in the quantum era. SEALSQ’s efforts empower organizations to transition securely into a future where quantum computing is a reality.

With its cutting-edge technology and dedication to cybersecurity, SEALSQ continues to lead the way in building a secure digital future that is resistant to even the most advanced threats.

About SEALSQ

SEALSQ is a leading innovator in Post-Quantum Technology hardware and software solutions. Our technology seamlessly integrates Semiconductors, PKI (Public Key Infrastructure), and Provisioning Services, with a strategic emphasis on developing state-of-the-art Quantum Resistant Cryptography and Semiconductors designed to address the urgent security challenges posed by quantum computing. As quantum computers advance, traditional cryptographic methods like RSA and Elliptic Curve Cryptography (ECC) are increasingly vulnerable.

SEALSQ is pioneering the development of Post-Quantum Semiconductors that provide robust, future-proof protection for sensitive data across a wide range of applications, including Multi-Factor Authentication tokens, Smart Energy, Medical and Healthcare Systems, Defense, IT Network Infrastructure, Automotive, and Industrial Automation and Control Systems. By embedding Post-Quantum Cryptography into our semiconductor solutions, SEALSQ ensures that organizations stay protected against quantum threats. Our products are engineered to safeguard critical systems, enhancing resilience and security across diverse industries.

For more information on our Post-Quantum Semiconductors and security solutions, please visit www.sealsq.com.

Forward Looking Statements

This communication expressly or implicitly contains certain forward-looking statements concerning SEALSQ Corp and its businesses. Forward-looking statements include statements regarding our business strategy, financial performance, results of operations, market data, events or developments that we expect or anticipates will occur in the future, as well as any other statements which are not historical facts. Although we believe that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates which are inherently subject to significant uncertainties and contingencies, many of which are beyond our control. Actual results may differ materially from those expressed or implied by such forward-looking statements. Important factors that, in our view, could cause actual results to differ materially from those discussed in the forward-looking statements include SEALSQ’s ability to implement its growth strategies; SEALSQ’s ability to successfully launch post-quantum semiconductor technology; SEALSQ’s ability to capture a share of the quantum semiconductor market; the growth of the quantum computing market; SEALSQ’s ability to expand its U.S. operations; SEALSQ’s ability to make additional investments towards the development of a new generation of quantum-ready semiconductors; SEALSQ’s ability to continue beneficial transactions with material parties, including a limited number of significant customers; market demand and semiconductor industry conditions; the growth of the quantum computing market; and the risks discussed in SEALSQ’s filings with the SEC. Risks and uncertainties are further described in reports filed by SEALSQ with the SEC.

SEALSQ Corp is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

THE WOODLANDS, TX, Dec. 23, 2024 (GLOBE NEWSWIRE) —

Autonomix Medical, Inc.
(NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated, today announced the next CEO Corner segment has been published on the Company’s website. For the CEO Corner segment, Brad Hauser, CEO of Autonomix, reflected on the Company’s progress made over the last year and shared insight into the year ahead.

The CEO Corner segment is now available here.

About Autonomix Medical, Inc.

Autonomix is a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated. The Company’s first-in-class platform system technology includes a catheter-based microchip sensing array that may have the ability to detect and differentiate neural signals with approximately 3,000 times greater sensitivity than currently available technologies. We believe this will enable, for the first time ever, transvascular diagnosis and treatment of diseases involving the peripheral nervous system virtually anywhere in the body.

We are initially developing this technology for the treatment of pain, with initial trials focused on pancreatic cancer, a condition that causes debilitating pain and is without a reliable solution. Our technology constitutes a platform to address dozens of potential indications, including cardiology, hypertension and chronic pain management, across a wide disease spectrum. Our technology is investigational and has not yet been cleared for marketing in the United States.

For more information, visit autonomix.com and connect with the Company on X, LinkedIn, Instagram and Facebook.

Investor and Media Contact

JTC Team, LLC
Jenene Thomas
908.824.0775
[email protected]

Completed acquisition of strategic assets of Gander Group™

Revenue expected to grow approximately 7.8% compared to the first nine months of 2023

Quincy, MA, Dec. 23, 2024 (GLOBE NEWSWIRE) — Stran & Company, Inc. (“Stran” or the “Company”) (NASDAQ: SWAG) (NASDAQ: SWAGW), a leading outsourced marketing solutions provider that leverages its promotional products and loyalty incentive expertise, today reported preliminary selected unaudited results for the nine months ended September 30, 2024.

“During the quarter, we continued to execute on our growth strategy, including securing significant contracts with leading customers as well as acquiring strategic assets that complement and improve our operations,” commented Andy Shape, President and CEO of Stran. “Specifically, we completed the acquisition of assets of Gander Group™, a recognized leader in casino continuity and loyalty programs, generating over $34 million in revenue in 2023. By integrating Gander Group’s assets in the gaming, casino, and entertainment sectors with our established operational infrastructure and customer base, we anticipate significant cross-selling opportunities and operational efficiencies that will drive revenue growth and improve margins. While we are working to fully integrate Gander into Stran, we project our revenue to increase by approximately 7.8% to $57 million for the nine months ended September 30, 2024 compared to the same period in 2023. Importantly, we have continued to prioritize prudent expense management, maintaining a strong balance sheet with approximately $17 million in cash equivalents and investments and no long-term debt as of September 30, 2024. The reduction in cash reflects our strategic investment in the Gander acquisition and we have no need or plan to raise capital to support our operations or ongoing growth initiatives. Lastly, we are finalizing our financial statements and look forward to sharing further updates in the coming weeks.”

The selected unaudited results in this press release are preliminary and subject to the completion of accounting and interim review procedures and are therefore subject to adjustment.

About Stran

For over 29 years, Stran has grown to become a leader in the promotional products industry, specializing in complex marketing programs to help recognize the value of promotional products, branded merchandise, and loyalty incentive programs as a tool to drive awareness, build brands and impact sales. Stran is the chosen promotional programs manager of many Fortune 500 companies, across a variety of industries, to execute their promotional marketing, loyalty and incentive, sponsorship activation, recruitment, retention, and wellness campaigns. Stran provides world-class customer service and utilizes cutting-edge technology, including efficient ordering and logistics technology to provide order processing, warehousing and fulfillment functions. The Company’s mission is to develop long-term relationships with its clients, enabling them to connect with both their customers and employees in order to build lasting brand loyalty.

Additional information about the Company is available at: www.stran.com.

Forward Looking Statements

This press release contains “forward-looking statements” that are subject to substantial risks and uncertainties. All statements, other than statements of historical fact, contained in this press release are forward-looking statements. Forward-looking statements contained in this press release may be identified by the use of words such as “anticipate,” “believe,” “contemplate,” “could,” “estimate,” “expect,” “intend,” “seek,” “may,” “might,” “plan,” “potential,” “predict,” “project,” “target,” “aim,” “should,” “will,” “would,” or the negative of these words or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements are based on the Company’s current expectations and are subject to inherent uncertainties, risks and assumptions that are difficult to predict. Further, certain forward-looking statements are based on assumptions as to future events that may not prove to be accurate. These and other risks and uncertainties are described more fully in the section titled “Risk Factors” in the Company’s periodic reports which are filed with the Securities and Exchange Commission. Forward-looking statements contained in this announcement are made as of this date, and the Company undertakes no duty to update such information except as required under applicable law.

Contacts:

Investor Relations Contact:

Crescendo Communications, LLC
Tel: (212) 671-1021
[email protected] 

Press Contact:

Howie Turkenkopf
[email protected]