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Communication Services Select Sector SPDR Fund (XLC) Adapts to the Evolving Digital Economy

Select Sector SPDR

In a world increasingly driven by digital communication and information delivery, the Communication Services Select Sector SPDR Fund ( XLC ) is maintaining its focus on the communication services sector. This Exchange-Traded Fund (ETF) is tailored for those interested in engaging with the digital economy, providing exposure to companies leading in telecommunications, media, and entertainment within the S&P 500 index. Portfolio Highlights XLC's portfolio, with an expense ratio of 0.09%* showcases a diversified selection of companies that are central to the current digital transformation. Key holdings** include: Meta Platforms (Facebook): 22.53% Alphabet (Google) Class A: 12.62% Alphabet (Google) Class C: 10.57% AT&T: 4.78% Comcast: 4.61% These entities, along with others such as Verizon (4.58%), Electronic Arts (4.52%), Netflix (4.44%), T-Mobile US Inc. (4.41%), and Walt Disney (4.38%), represent a cross-section of the sector. The mix of technology firms, telecommunication leaders, and media companies offers a reflection of the communication services sector's landscape. Observing the Digital Shift The strength of the digital economy is underscored by the robust use of digital services across various aspects of business and personal life. Trends such as high volume internet traffic, the popularity of streaming services, advancements in mobile technology, and the introduction of new communication products illustrate the sector's dynamic nature. In response to these trends, the Communication Services Select Sector SPDR Fund (XLC) focuses on aligning its portfolio with the evolving demands and opportunities within the digital and communication services domain. It aims to provide a means for investors to engage with this sector with components of the S&P 500 Index. As the digital economy continues to evolve, XLC is positioned to observe and adjust to the evolution of the digital world, bolstering its commitment and emphasis on staying relevant within the fast-paced landscape of communication services. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Ordinary brokerage fees apply **Holdings, Weightings & Assets as of 6/30/24 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL007623 EXP 9/30/24 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

July 02, 2024 05:00 AM Eastern Daylight Time

Snapchat Releases New Teen Safety Measures

YourUpdateTV

A video accompanying this announcement is available at: https://youtu.be/7Hv0EHNRJ_g The digital world can be a challenge to navigate, and helping keep teens safe online is not just a priority—it’s a necessity. Snapchat is working to make its app even safer—now expanding a range of features to help keep Snapchat a place where people can be comfortable expressing themselves with the friends they know in real life. These extra protections for young people are more than a tech upgrade—they’re part of Snapchat’s ongoing commitment to building tools to help users connect with friends in a safe, secure way. Rachel Hochhauser, Snap’s Head of Safety Operations Outreach, conducted a nationwide media tour on June 25th to discuss these new features. Topics and features she discussed included: · Expanded In-app Warnings Teens will now see a warning message if they receive a chat from someone who’s been blocked or reported by others or is from a region where the teen’s network isn't typically located – signs that the person may be a stranger. · Simplified Location-Sharing Expansion of reminders to make sure Snapchatters are always up to date on which friends they’re sharing their location with on the Snap Map. · Enhanced Friending Protections These protections prevent certain suspicious friend requests from getting to teens in the first place, further reducing teens’ ability to connect with people they may not know in real life. · Blocking Improvements Improvements aim to prevent bullying and repeated harassment by limiting outreach from any new accounts created by someone who’s been blocked. For more information, visit https://parents.snapchat.com/ Contact Details YourUpdateTV +1 212-736-2727 yourupdatetv@gmail.com

July 01, 2024 01:02 PM Eastern Daylight Time

Video

Stack Identity Announces Expansion of Its Identity-First Platform to Address Non-Human Identity Governance

Stack Identity

Stack Identity, a leader in identity security, announces a significant expansion of its platform to include non-human identities. This enhancement addresses the growing needs of modern enterprises in managing and securing digital identities, thereby bolstering identity security posture, threat detection, and compliance. "Bad actors are relentlessly targeting your identities, authentication processes, and IAM systems. Our platform correlates attacker enumerations and actions across IDP, cloud, SaaS, and databases to expose suspicious and malicious behavior, tackling the root causes of these exposures," said Venkat Raghavan, founder and CEO of Stack Identity. "The rise of the AI era has led to unprecedented data sharing through service principals, tokens, secrets and API keys creating significant challenges in governing non-human identities. The Stack Identity platform excels in seamlessly integrating human and non-human identities, recognizing that behind every non-human identity is a human who bears ultimate responsibility and accountability," said Al Ghous, CISO and Advisor. Key Features and Benefits Comprehensive Identity Governance: Stack Identity's platform offers the industry's first converged solution for identity security governance, integrating governance controls, workflows, access reviews, and certifications. This comprehensive approach reduces identity and entitlement sprawl, strengthens overall identity posture, and minimizes identity-related threats. Enhanced Functionality: Continuous Access Reviews and Certifications: Includes reviews for identity posture, IDP access, cloud, and SaaS admin access. Governance Controls: Introduces new controls to manage privileged accounts, reducing the risk of unauthorized access. Threat Detection and Access Graph: Features improved tools for monitoring SaaS entitlements, detecting identity threats, and visualizing access patterns. Dynamic Credential Management: Replaces static secrets with dynamic credentials to enhance security and reduce exposure risk. Lateral Movement Prevention: Implements controls to prevent unauthorized lateral movement within networks. Just-in-Time Access Controls: Converts static secrets and rarely used access to dynamic RBAC for improved security. Specialized Campaigns: Supports critical access scenarios like GitHub collaborator access, PCI DSS 4.0 compliance, and third-party data sharing. "With the surge in unprecedented data sharing, enterprises now face the challenge of managing massive entitlement sprawl as SaaS applications and customer data proliferate. Effective lifecycle management for non-human identities across cloud accounts has become essential. It’s impressive to see that Stack Identity’s platform now enables consistent management of both human and non-human identities," said Steve De Jong, Distinguished Engineer at Vercara. Company Growth and Deployment Success Remarkable Customer Growth: Stack Identity has achieved a 500% increase in its customer base, reflecting strong market demand for its solutions. Wide Deployment: The platform is now deployed across major enterprises in sectors including financial services, FinTech, cloud technology, and insurance technology. About Stack Identity Stack Identity is a pioneer in identity governance, offering innovative solutions to secure and manage digital identities across cloud and on-premises environments. The company's Identity-First Governance platform helps organizations reduce risk, ensure compliance, and strengthen their security posture. Contact Details Stack Identity Twinkle Khanna +1 832-878-6915 twinkle.khanna@stackidentity.com Company Website https://stackidentity.com/

July 01, 2024 10:00 AM Eastern Daylight Time

Novidea Acquires Automated Document Generation Leader Docomotion

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, today announced the strategic acquisition of Docomotion, an automated document generation technology provider. The acquisition of Docomotion is the latest in a series of strategic moves by Novidea in its journey to become an insurtech industry leader. The transaction is set to close within the week. The acquisition will accelerate product innovation and create unparalleled value to customers, adding new capabilities to Novidea’s award-winning insurance management platform, including automated forms processing, design, management, and e-signatures. Docomotion’s customers will benefit from a broader product suite, increased focus on product development, enhanced customer experience, and global access to professional expertise. “Docomotion is a leading innovator in automated document management, an essential technology for document-heavy industries. Its unique, cloud-based document generation technology presents major technological synergies between our two companies,” said Roi Agababa, CEO of Novidea. “We are proud to welcome Docomotion’s talented team to the Novidea family and look forward to working together, leading successful digital transformation initiatives for our customers.” Digital transformation remains a significant challenge in the insurance space. Novidea’s platform enables customers to improve operational efficiencies, increase business resilience, stay competitive, and provide a better customer experience. Docomotion’s automated document management solution removes the administrative and manual burden of processing complex forms and documents. “Novidea has experienced unprecedented growth over the last few years, driven by the global trend to modernize customer experience in insurance. We share a similar vision for the evolution of the document generation industry,” said Oren Leshem, CEO and Founder of Docomotion. “By combining our powers, Docomotion and Novidea can further expand our capabilities and drive even greater value for our customers. Docomotion will continue to serve all its customers in the various verticals. Customers will benefit from access to broader resources and availability of assets as we join forces with Novidea.” Novidea was represented by Yael Shimon-Many, partner at Pearl Cohen law firm. Docomotion was represented by Oded Levy, partner at Arnon, Tadmor- Levy. The terms of the deal were not disclosed. About Novidea Novidea is the leading Insurtech provider of a cloud-native, data-driven insurance management system. With its open API architecture, Novidea enables brokers, agents, MGAs, and carriers to modernize and manage the customer journey end-to-end and drive growth across the entire insurance distribution lifecycle. Novidea's streamlined and automated platform fully integrates front, middle, and back offices. The Novidea platform boosts operational efficiency while providing a seamless digital experience for team members and customers alike. Insurance businesses benefit from a 360-degree view of customers and policies and can access data and actionable insights anytime, anywhere, and on any device. Novidea supports more than 100 customers across 22 countries. For more information, please go to: www.novidea.com About Docomotion Docomotion is an advanced document generation application on Salesforce, offering intuitive and easy-to-use tools for designing and generating complex documents tailored to meet the needs of businesses operating in a document-intensive environment. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

July 01, 2024 09:15 AM Eastern Daylight Time

AITX Expands Market Reach with 20% Growth in Channel Partners

RazorPitch AITX

The global security robots market, valued at USD 27.32 billion in 2021, is projected to grow at a compound annual growth rate (CAGR) of 17.65% during the forecast period. This growth is driven by escalating security concerns and the increasing adoption of advanced automation techniques worldwide. Artificial Intelligence Technology Solutions, Inc. (OTC: AITX) is capitalizing on these trends, recently achieving significant milestones in revenue and expanding its distribution network. Market Context and Demand Drivers The demand for security robots is increasing due to several key factors, including geopolitical instabilities and substantial government investments in security technologies. These robots' advanced capabilities, such as operating in challenging terrains and hazardous environments and performing analytical surveillance, are driving their adoption globally. Additionally, improvements in sensor technology and automation, alongside advancements in neural technology, are enhancing the functionality and adoption of these robots. About Artificial Intelligence Technology Solutions AITX is at the forefront of delivering AI-based solutions that empower organizations to gain new insights, address complex challenges, and foster innovative business ideas. Through its next-generation robotic product offerings—RAD-I, RAD-R, RAD-M, and RAD-G—the company helps organizations streamline operations, increase ROI, and enhance business efficiency. AITX's technology simplifies and reduces the cost of patrolling and guard services, allowing experienced personnel to focus on more critical tasks. The solutions are widely applicable across multiple industries, including enterprises, government, transportation, critical infrastructure, education, and healthcare. Q1 FY 2025 Revenue Surge On June 17, 2024, AITX announced a notable increase in its recurring monthly revenue (RMR) for the first quarter of fiscal year 2025, marking a 385% year-over-year growth. The company's unaudited operating revenue for Q1 FY 2025 stood at $1,098,975, up from $384,277 in the same quarter of the previous fiscal year. This significant milestone underscores the company's ongoing exponential growth. Steve Reinharz, CEO/CTO of AITX, expressed his satisfaction, stating, "Achieving continuous, exponential growth is what we forecasted, and what we have delivered once again. Although we have smartly added some general expenses in sales, support, and development, we remain committed to operational profitability this fiscal year. It’s important that we position ourselves to be a dominant player in the solar security tower market, support the launch of AIR in our Gen4 solutions, and prepare for the upcoming relaunch of ROAMEO. I am pleased to say we are on track." Recent Update: Expansion of Channel Partners On June 25, 2024, AITX announced a significant milestone: a 20% expansion of its distribution channel partners over the past six months. This growth underscores AITX's commitment to extending its market reach and solidifying its position as a leader in AI-driven security solutions. “The expansion of our distribution network is a clear indicator of the trust and confidence our partners have in RAD’s technology. This 20% increase in channel partners will allow us to reach even more customers and provide them with the security solutions they need to protect their assets and people,” said Troy McCanna, Senior Vice President of Revenue Operations at RAD. Mark Folmer, President of RAD, echoed this sentiment, highlighting the strategic value of these partnerships: “Each of our channel partners brings a unique set of clients and immediate opportunities to RAD. Their diverse portfolios and strong relationships within their respective markets are invaluable. We are excited about the potential each partnership holds and are confident that together, we can deliver unparalleled security solutions to a wider audience.” RAD's distribution network now includes 83 partners covering the US, Canada, and the European Union. One of the standout products driving this expansion is the ROSA™ system, a compact, self-contained, portable security and communication solution. ROSA™ can be installed and activated in about 15 minutes and features AI-driven security analytics such as human, firearm, and vehicle detection, license plate recognition, responsive digital signage, and audio messaging. It also integrates seamlessly with RAD’s software suite for notifications and autonomous responses, offering two-way communication optimized for cellular, including live video from its high-resolution cameras. Looking ahead, AITX remains committed to scaling its operations and enhancing its technological capabilities. The company is investing in research and development to introduce new features and products that align with market demands and client needs. With a prospective sales pipeline that includes over 35 Fortune 500 companies, AITX is well-positioned for sustained growth. Conclusion AITX's recent achievements and the broader market dynamics highlight the potential for substantial growth in the security robots market. The company's focus on AI-driven solutions and recurring revenue models positions it well to capitalize on the increasing demand for advanced security technologies. As AITX continues to innovate and expand its market presence, the future looks promising, with significant opportunities for further growth and development, making AITX an OTC stock to watch. Disclaimers: RazorPitch Inc. "RazorPitch" is not operated by a licensed broker, a dealer, or a registered investment adviser. This content is for informational purposes only and is not intended to be investment advice. The Private Securities Litigation Reform Act of 1995 provides investors a safe harbor in regard to forward-looking statements. Any statements that express or involve discussions with respect to predictions, expectations, beliefs, plans, projections, objectives, goals, assumptions, or future events or performance are not statements of historical fact may be forward looking statements. Forward looking statements are based on expectations, estimates, and projections at the time the statements are made that involve a number of risks and uncertainties which could cause actual results or events to differ materially from those presently anticipated. Forward looking statements in this action may be identified through use of words such as projects, foresee, expects, will, anticipates, estimates, believes, understands, or that by statements indicating certain actions & quote; may, could, or might occur. Understand there is no guarantee past performance will be indicative of future results. Investing in micro-cap and growth securities is highly speculative and carries an extremely high degree of risk. It is possible that an investors investment may be lost or impaired due to the speculative nature of the companies profiled. RazorPitch has been retained and compensated by Cambridge Consulting to assist in the production and distribution of this content. RazorPitch is responsible for the production and distribution of this content. It should be expressly understood that under no circumstances does any information published herein represent a recommendation to buy or sell a security. This content is for informational purposes only, you should not construe any such information or other material as legal, tax, investment, financial, or other advice. Nothing contained in this article constitutes a solicitation, recommendation, endorsement, or offer by RazorPitch or any third party service provider to buy or sell any securities or other financial instruments. All content in this article is information of a general nature and does not address the circumstances of any particular individual or entity. Nothing in this article constitutes professional and/or financial advice, nor does any information in the article constitute a comprehensive or complete statement of the matters discussed or the law relating thereto. RazorPitch is not a fiduciary by virtue of any persons use of or access to this content. Contact Details Mark McKelvie +1 585-301-7700 mark@razorpitch.com Company Website http://razorpitch.com

July 01, 2024 06:00 AM Eastern Daylight Time

DOGE’s Rebound Attempt Fails, Amid Raboo’s Dominating Price Action Surpassing Rival Coin Pepe

Total Media

The cryptocurrency market is expanding, but so is the volatility. On one hand we have Dogecoin on a bullish trend, on the other hand we have Pepe on a bearish trend. Raboo, a new AI meme coin has appeared with loads of amazing features. Raboo is still in its presale and has raised over $1.6 million, which is very impressive. Analysts expect the Initial Coin Offering (ICO) to grow 233% during presale and 100x on launch day. Keep reading to find out more. DOGE attempts to validate bullish pattern Dogecoin is presently trading in a bullish wave. But the coin may not be able to maintain the pattern to start meaningful price climb, if investors do not take control. The dynamics around DOGE are being keenly watched by the market. This is because changes in its price could have an impact on the altcoin market as a whole. The distribution of Dogecoin's supply among its holders is showing a noticeable shift, which could lead to additional declines in the meme coin's price that'll be presented on a daily chart. The shift in ownership of DOGE mid- and long-term investors to short-term holders raises questions over the stability of the altcoin price. The amount of DOGE held by short-term holders has increased significantly over the last month. It has increased from 10.5 billion DOGE to 13.4 billion DOGE. This noteworthy expansion emphasizes the growing tendency toward short-term trading activity, which may increase market volatility. Pepe: bulls struggle to recover from downward trend Pepe is down by 27% from its all time high in May this year, however, some traders think the coin could become victorious, especially if Bitcoin’s BTC/USD performance picks up. A recent deal was released by Binance, for cryptocurrency users who want to earn PEPE coins simply by buying and holding PEPE for increased interest rates. Users can get rewards if they send at least $0.01 using Binance Pay for the first time. With this promotion, cryptocurrency users can win up to 100 million PEPE coins. The price of PEPE coins has been dropping lately. PEPE saw a 7.84% decrease in value following the announcement of Binance Pay's offer. Investors are switching to Raboo since the PEPE coin price prediction does not yet present any advantages. Satoshi, a popular crypto analyst, detailed in a tweet the wave patterns he observed on the Pepe chart and predicted a wave of 3 candles. He also suggested that there might be a mirror wave 2 retracement before the green candle happens. The altcoin price still has a chance of going bullish and even breaking it all time high. But only patient enough investors will witness this. Raboo grabs investors attention with 100x potential Raboo ($RABT) is a popular new meme coin that is making waves in the market as an Initial Coin Offering (ICO), demonstrating why ICOs are fantastic avenues for making investments. Raboo's initial coin offering (ICO) offers investors the opportunity to participate in cutting-edge initiatives from the very beginning. By incorporating artificial intelligence to improve user engagement and content creation, Raboo sets itself apart from other meme coins. Raboo stands out in the competitive meme coin market thanks to its AI-driven strategy, which also highlights the company's potential for significant expansion and influence in the cryptocurrency field. By taking part in the Raboo presale, investors will become a part of a ground-breaking initiative that uses artificial intelligence (AI) to reimagine the meme coin genre, providing a special fusion of community, technology, and entertainment. Raboo’s presale is now underway, with tokens available at $0.0048, analysts say $RABT can easily explode 100x by the time it hits the markets this year. Conclusion Between the rise of Dogecoin and Pepe's price, Raboo is standing out as the best crypto to invest in this year. Meme coins are now making noise, becoming the money makers of the crypto market. Raboo is very affordable, giving the opportunity for anyone to join in. Small risk for a great reward. Even though it is yet to launch, Raboo has aimed to be a top 20 coin and it is currently on the right path. You can participate in the Raboo presale here: Telegram: https://t.me/RabootokenPortal Twitter: https://twitter.com/Raboo_Official Contact Details Total Media Solutions media@Totalsolutionspr.io Company Website https://rabootoken.com

June 30, 2024 12:00 PM Eastern Daylight Time

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News Release

Serve Robotics Expands Delivery Operations into Koreatown with Enhanced Fleet Technology

Serve Robotics

Serve Robotics CEO Dr. Ali Kashani joined Steve Darling from Proactive to announce the expansion of the company's delivery operations into Koreatown. This move is part of Serve's long-term plan to broaden its geographic reach in Los Angeles and across the U.S. Koreatown was selected for its dense and vibrant commercial hub, growing residential community, and well-maintained sidewalk infrastructure, which are ideal for robotic delivery. This coverage expansion follows ongoing collaboration with the Los Angeles city government and local stakeholders. In preparation for scaling up its fleet for future expansions, Serve has announced the signing of an expanded supply agreement with Ouster, Inc. This agreement will equip Serve's next-generation robots with the latest-generation lidar sensors, providing equipment for 2,000 robots. Lidar technology is critical to Serve's autonomy stack, enabling the robots to perceive their environment, identify their precise location, and safely navigate alongside pedestrians and other sidewalk users. Serve anticipates that the new sensors will improve the safety, speed, and cost-effectiveness of its fleet. This strategic expansion and technological enhancement highlight Serve Robotics' commitment to advancing its autonomous delivery services and meeting the growing demand for efficient, sustainable delivery solutions. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

June 28, 2024 04:09 PM Eastern Daylight Time

Video

Flash Appoints Chris Donus as President

Flash Parking

Flash, the leading end-to-end parking technology platform, today announced that Chris Donus, the current CFO, has been appointed president of the organization. In the newly established role, Donus will expand his focus on day-to-day operations, working closely with the leadership team to execute transformative strategies that include the expansion of Flash’s burgeoning digital demand network, EV charging and parking platform scale, and driving the company’s regionalized branch organization to deliver unmatched partner experiences. Dan Sharplin will continue in his role as Chairman and CEO, focusing on international growth, strategic transactions, and ecosystem partnerships. “This promotion reflects Chris’s exceptional leadership and expertise at this time of tremendous momentum for Flash as we rapidly scale our industry-leading parking and EV charging digital ecosystem," said Flash CEO Dan Sharplin. “In the next 24 months, we anticipate more transformation in the parking industry than we’ve seen in several decades prior. Chris has the relevant experience to ensure we execute on our priorities that allow us to drive this industry transformation.” “We are building a parking and EV charging ecosystem where a seamless driver experience benefits everyone,” said Donus. “There is an incredible amount of innovation and hard work being done across Flash to build the platform and partnerships that further our position as the leader in parking and EV Charging technology. I look forward to ensuring the value we create is incomparable in my role as President of Flash.” Before Flash, Donus served as COO and CFO at Wheel Health, a venture-backed telehealth platform developer designed to connect companies and clinicians to deliver virtual care. He also served in senior leadership roles at Lyft as VP and Business Unit leader of Express Drive, the customer-facing fleet line of business, generating over $400 million in rental revenue and over $2 billion in Lyft rides. Prior to that, he was president of Silvercar from 2015 to 2018 alongside roles as COO, from 2017 to 2018, and CFO from 2012 to 2015. He has also served in leadership roles at Freescale Semiconductor, Hertz Global Holding, and Lucent Technologies. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations—connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress. The solution has arrived. Contact Details Razor Sharp PR Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

June 27, 2024 10:00 AM Central Daylight Time

From Sustainability To Reliability: How Laser Photonics' Ethical Approach To Engineering Sets It Apart From Rivals

Benzinga

By Meg Flippin, Benzinga Ethical engineering may only receive lip service from some companies, but it's a guiding principle for Laser Photonics Corp (NASDAQ: LASE) (LPC). Sustainability and environmental and societal impacts must be part of the equation in research and development, engineering and manufacturing, the company believes. A business with ethical standards enhances safety, improves quality, builds public trust and promotes sustainability – these values define the company. It's a belief Laser Photonics has long subscribed to. The company, established in 1981, adheres to a stringent ethical code of conduct when developing industrial-strength laser systems for cleaning, cutting, marking and welding. That code includes a commitment to transparency, while meeting all applicable laws, regulations and industry standards – as well as taking responsibility for actions, decisions and results. Laser Photonics says it strives for excellence in all aspects of its business and is committed to sustainable and environmentally responsible practices. Laser Photonics Leads By Example Ethical leadership is a big part of achieving engineering excellence. After all, ethical leaders are the ones who embody positive behavior and foster cultures in which integrity, respect and sustainability are among the top tenets. That ethical prowess appears to be in abundance at Laser Photonics, thanks to a deep management bench and a world-class research and development (R&D) team led by CEO Wayne Tupuola, who has over 15 years of C-level management experience. Before joining Laser Photonics, Tupuola spent over 25 years in the fiber laser equipment, semiconductor and aerospace industries – honing his craft and cultivating a commitment to the principles of ethical engineering. A similar pedigree is also found in Laser Photonics’ R&D team, which holds several patents and is focused on creating reliable and cutting-edge solutions. The team’s commitment to continuous innovation nurtures customer loyalty and drives growth. It's why Laser Photonics counts more than 100 Fortune 1000 companies in the aerospace, defense, energy, automotive and maritime industries as customers, including General Electric Co. (NYSE: GE) and Caterpillar (NYSE: CAT). Ethics In Manufacturing The company’s focus on ethical business is also reflected in its approach to developing, manufacturing and commercializing laser systems. LPC says it prioritizes quality in every component and sub-assembly it designs to produce machines that are built to last, are easily mastered and require minimal upkeep. Laser systems such as its CleanTech products are also easily integrated into production lines and capable of handling specialized tasks. To protect its customers, Laser Photonics has built in an added level of security, including a manual reset, a key-locked laser power switch and a remote interlock connector, which all serve to prevent accidental exposure to laser radiation. Optional features include an exhaust outlet for fume extraction and a Class I operator safe viewing port for safe observation of the laser cleaning process and easier alignment. LPC says these features set it apart in the industry and showcase its commitment to providing safe and effective technology to its customers. Since Laser Photonics develops laser systems certified by the Food and Drug Administration’s(FDA) and Center for Devices and Radiological Health (CDRH), the company is positioned to meet rigorous standards for the safety of customers and employees. As a result, LPC says investors can be confident in its dedication to aligning with ESG principles and reaching sustainability goals. Societal Impact Beyond its approach to business, LPC is making a positive impact on society, underscoring its commitment to upholding strong ethics. For centuries, sand and abrasive blasting was the go-to way to remove contaminants from substrates, but this practice creates hazardous work environments and exposes workers to crystalline silica, which is one of the most common minerals found in stone, rock, brick, mortar and block. Exposure to airborne silica dust occurs when cutting, sawing, drilling and crushing stones and using sand products such as abrasive blasting tools. Inhaling silica dust was found to cause irreversible lung damage and even lung cancer. Laser Photonics is turning the old way of surface processing on its head with its CleanTech brand of lasers used to remove rust, mold and other residue. These state-of–the-art systems accurately and quickly remove contaminants from a wide range of surfaces without damaging the underlying substrate and while keeping the operator safe from harmful chemicals and substances. Ethical engineering is the foundation for growth, and that’s not lost on Laser Photonics. From its management team to its laser development processes, LPC has best practices, sustainability, safety and reliability at the forefront of its operations. The set of values the company brings to the table is the key component to its continuous expansion. Companies big and small, as well as government agencies, rely on Laser Photonics because of its quality, reputation and ethical approach to engineering. Featured photo by ThisisEngineering on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

June 27, 2024 08:35 AM Eastern Daylight Time

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