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Understanding Wagering Requirements: What Every Player Should Know

Acroud Media

An essential guide to help players make the most of their online casino bonuses. Online casino bonuses can be a great way for players to boost their bankroll and extend their gaming sessions, but understanding the wagering requirements tied to these offers is crucial to making the most of them. In this guide, we break down what wagering requirements are, how they affect your bonus, and what players should know before claiming a bonus. What Are Wagering Requirements? Wagering requirements, often called playthrough or rollover requirements, refer to the number of times players must wager the bonus amount (or the combined deposit and bonus) before they can withdraw any winnings. These conditions are attached to most casino bonuses, such as deposit match offers and free spins. For example, if you receive a £100 bonus with a 20x wagering requirement, you’ll need to bet £2,000 (20 x £100) before you can cash out any winnings associated with the bonus. Wagering requirements are commonly found in free spins no deposit bonuses. You can find out more about the best free spins no deposit bonuses and more on how to navigate wagering requirements here. Why Do Casinos Have Wagering Requirements? Casinos use wagering requirements to prevent players from immediately withdrawing bonus funds without using them for gameplay. These conditions ensure that players engage with the casino and games, balancing the rewards casinos offer with the business's operational sustainability. Types of Bonuses with Wagering Requirements Different types of bonuses come with their own wagering conditions. These include: Deposit Match Bonuses: A percentage of your deposit added as bonus funds (e.g., 100% deposit match up to £200). No Deposit Bonuses: Bonuses offered without requiring an initial deposit, often with higher wagering requirements. Free Spins: Winnings from free spins often have wagering requirements before withdrawal is allowed. Cashback Bonuses: Some cashback offers may include wagering on the bonus funds returned to players. How to Calculate Wagering Requirements Wagering requirements can vary, typically ranging from 20x to 50x the bonus amount. Here's how they work in practice: Bonus Only: If the requirement is applied to the bonus only, you multiply the bonus amount by the requirement. Example: A £50 bonus with a 30x wagering requirement means you need to wager £1,500 (30 x £50). Bonus + Deposit: In some cases, the requirement applies to both the bonus and the deposit. Example: A £50 deposit and £50 bonus with a 30x wagering requirement means you must wager £3,000 ([£50 + £50] x 30). Top Tips for Navigating Wagering Requirements For players looking to maximize their bonus experience, here are some key tips to keep in mind: Read the Terms and Conditions: Always check the wagering requirements and other bonus terms before opting in. Look for hidden details like game restrictions or maximum bet limits. Consider the Wagering Multiplier: Lower wagering requirements (20x-30x) are typically more favorable for players and easier to meet. Higher requirements can make it harder to withdraw winnings. Check Game Contributions: Not all games contribute equally to wagering. Slots often contribute 100%, but table games like blackjack or roulette may only contribute 10% or less. Time Limits: Bonuses often come with time limits for meeting wagering requirements, typically between 7 to 30 days. Make sure you’re aware of how long you have to fulfill the conditions. Know Your Maximum Win: Some bonuses cap the amount you can win or withdraw from bonus funds, so check for any maximum payout limits. What to Look for in a Fair Casino Bonus Not all bonuses are created equal. Players should look for: Reasonable Wagering Requirements: Bonuses with 20x to 40x wagering requirements are considered fair and achievable. Transparency in Terms: The best casinos will clearly state all terms and conditions, including wagering requirements, eligible games, and time limits. No Sticky Bonuses: A “sticky” bonus cannot be withdrawn and is deducted from your balance when you cash out. Avoid these when possible, or ensure you understand their terms. It is important to always gamble responsibly, and seek help via one of the following resources if you feel it is necessary. https://www.gamcare.org.uk/ https://www.nhs.uk/live-well/addiction-support/gambling-addiction/ https://www.gambleaware.org/ Contact Details Acroud Media info-media@acroudmedia.com

October 15, 2024 04:24 AM Eastern Daylight Time

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Leaders in The News: BigBear.ai, Luminar, New World Solutions, Tevogen Bio

WSR: BigBear.ai, Luminar, New World Solutions, Tevogen Bio

Wall Street Reporter, the trusted name in financial news since 1843, has published reports on the latest comments and insights from CEO’s of: BigBear.ai (NYSE: BBAI), Tevogen Bio (NASDAQ: TVGN), Luminar (NASDAQ: LAZR) and New World Solutions (OTC: REGRF) (CSE: NEWS). Wall Street Reporter highlights the latest comments from industry thought leaders shaping our world today, and in the decades ahead: New World Solutions (OTC: REGRF) (CSE: NEWS) Chairman Jack Marks: ”...Pure Play on $31 Billion Luxury Watch Market” New World Solutions (OTC: REGRF) (CSE: NEWS), majority-owned dialMKT is addressing the digital transformation of the multi-billion dollar global wristwatch enthusiast market by developing a digital ecosystem integrating content, e-commerce, and community.dialMKT’s e-commerce platform is expected to go live within 30 days. The global pre-owned watch market for luxury brands such as Rolex(™), and Patek Philippe(™), is expected to reach $29-32 billion by 2025, according to a recent report from McKinsey & Co. dialMKT CEO and New World Chairman Jack Marks commented “dialMKT already has a fast-growing online community of almost +18,000 users across its website and social media channels, including, YouTube, Instagram, and a growing e-mail newsletter. From our interactions with our community, we know many of these enthusiasts have watch collections worth $50,000 to well over $1 million+. Our business model anticipates that a significant number of our community members will turn into customers on our e-commerce platform to buy, sell and trade their collections - a pipeline for potentially significant revenues in the months ahead". Marks, further noted that (OTC: REGRF) (CSE: NEWS) is “the first and only “pure play” stock focused on the multibillion dollar watch enthusiast market.” Validating the investment thesis of the digital transformation of the watch market, venture capital is flowing into online watch market platforms such as Chrono24, and attracting investors such as Bill Ackman, Jay Z, Tom Brady, Mike Ovitz, Bernard Arnault, Google Ventures and others. New World Solution (OTC: REGRF) (CSE: NEWS) News: https://www.wallstreetreporter.com/2024/09/18/new-world-solutions-cse-news-enters-31-billion-global-watch-market-with-acquisition-of-majority-stake-in-dialmkt/ BigBear.ai (NYSE: BBAI) CEO Mandy Long: “Committed to Digital Transformation of Army” BigBear.ai (NYSE: BBAI) announced that the U.S. Army has awarded the company a five-year, $165.15 million sole source prime contract for Global Force Information Management (GFIM) Production Services. The primary requirement of this contract is to complete the delivery of a dynamic, integrated, and interoperable transactional global force structure and employment data system for the force management community. This system will enable effective planning, programming, and production of authoritative force structure data. BigBear.ai (NYSE: BBAI) CEO Mandy Long commented: "This contract exemplifies our unwavering commitment to the Army’s digital transformation efforts through our deep mission expertise and use of cutting-edge technology." BigBear.ai (NYSE: BBAI) News: https://www.wallstreetreporter.com/2024/10/14/bigbear-ai-nyse-bbai-awarded-5-year-production-contract-valued-at-165-million-to-deliver-the-u-s-armys-global-force-information-management-objective-environment-gfim-oe/ Tevogen Bio (NASDAQ: TVGN) CEO Ryan Saadi: “Drug Development Pipeline With Multi Billion DOllar Revenue Potential” Tevogen Bio (NASDAQ: TVGN), a clinical-stage specialty immunotherapy biotech developing off-the-shelf, genetically unmodified T cell therapeutics to treat infectious disease and cancers, plans to share its $1B+ revenue potential pipeline this week. Tevogen Bio (NASDAQ: TVGN) Ryan Saad Commented: “In the current market reality, Tevogen Bio’s unique, faster, and cost-efficient drug development model has the potential to serve as a blueprint to ensure sustainable medical innovation for years to come. With over three decades of experience in the biopharma industry, Tevogen’s projected multi-billion-dollar revenue reassures me of the company’s strong business fundamentals and its bold, patient-centric drug development strategy, aimed at addressing some of the most pressing health conditions impacting large patient populations" Tevogen Bio (NASDAQ: TVGN) News: https://www.wallstreetreporter.com/2024/10/14/tevogen-bio-nasdaq-tvgn-plans-to-share-1b-revenue-potential-of-its-pipeline-portfolio-beginning-week-of-october-14-2024/ Luminar (NASDAQ: LAZR) CEO Austin Russell: “Luminar Here to Stay and Thrive this Decade.” Luminar (NASDAQ: LAZR), a leading global automotive technology company recently entered into private, separately negotiated transactions to reduce its debt, extend maturities, and receive $100 million in new capital to bolster its balance sheet. This directly addresses the company’s capital structure overhang, captures a discount on existing notes, and helps provide the financial runway to execute the company’s business plan. Luminar (NASDAQ: LAZR) CEO Austin Russell commented: "We’ve now successfully ramped production for the first global production vehicle with standardized LiDAR, and our shift from all eyes on launch towards cost and efficiency are beginning to pay off as we begin to convert our multi-billion-dollar Order Book. This transformational transaction signed today represents a level of conviction from our institutional stakeholders that Luminar is here to stay and thrive this decade. We were able to capitalize on the challenging capital markets conditions in our industry to bolster our balance sheet and raise substantive additional capital from investors to fulfill our business plan." Luminar (NASDAQ: LAZR) News: https://www.wallstreetreporter.com/2024/08/06/luminar-nasdaq-lazr-bolsters-balance-sheet-reports-second-quarter-2024-business-update/ WALL STREET REPORTER Wall Street Reporter (Est. 1843) is the leading financial news provider, focused on giving investors direct access to CEO's of promising, publicly-traded companies, and market experts. www.WallStreetReporter.com. Nothing in this news summary shall be construed as investment advice. Quotes/content may be edited for brevity and context. Issuer sponsored content in this article includes: New World Solutions. Full disclaimer, and relevant SEC 17B disclosures here: https://tinyurl.com/2x4eznd5 About Wall Street Reporter’s Next Super Stock conference: Wall Street Reporter's NEXT SUPER STOCK Live! conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead. Click here to join next livestream event: https://www.wallstreetreporter.com/next-superstock-online-investor-conference/ Rolex (™), Patek Philippe (™), Audemars Piguet (™), Cartier (™) Frank Muller (™) and Richard Mille (™) are licensed trademarks of their respective owners. dialMKT is not an authorized dealer or has any commercial relationship with these brands. Contact Details Wall Street Reporter Wall Street Reporter +1 212-871-2057

October 14, 2024 11:39 AM Eastern Daylight Time

Novidea and Pathpoint Explore E&S Insurance Growth Live at ITC Vegas

Novidea

Novidea, creator of the cloud-based, data-driven enterprise insurance management platform for brokers, agents, MGAs/MGUs, carriers, and wholesalers, and Pathpoint, the modern wholesaler where insurance agents can get bindable, small commercial E&S quotes in just a few minutes, will present a live Q&A at ITC Vegas, the world's largest gathering of insurance innovation. Jeff Heine, Chief Revenue Officer of Novidea, and Alexander Bargmann, CEO and Co-founder of Pathpoint, will present " ITC Brokers: Powering E&S Growth through Strategic Tech Investments," on Tuesday, October 15, 2024, at 11:15 a.m. Pacific Time at ITC Las Vegas at Ballroom F of the Mandalay Bay Convention Center. Pathpoint is one of the fastest-growing Excess & Surplus (E&S) insurance wholesalers in the U.S. Since implementing Novidea's insurance management platform, the company has achieved a 20 percent policy submission growth rate and doubled its sales and underwriting operations to further expand its presence across the country. Novidea's technology enabled the seamless integration of data and applications across Pathpoint's underwriting, account, sales, and operations departments, eliminating data silos and facilitating data-driven decisions about the business. With greater access to customer and operational data across the business, Pathpoint gained greater insights into which lines of business were performing well. They were also able to uncover new opportunities to launch additional risk products in key geographic regions best positioned for growth. "The strategic technology investments we've made over the last few years and the ecosystem we've built have been instrumental in our growth strategy," Bargmann said. "I'm looking forward to joining Jeff Heine of Novidea on stage at ITC to share the Pathpoint story. I hope to inspire and educate other E&S and intermediary insurance leaders with valuable advice that they can implement in their own organizations." Experts across the insurance industry predict the E&S segment will outpace the overall commercial lines market within the next few years. E&S saw double-digit, year-over-year growth for four consecutive years. To support this unprecedented growth, E&S brokers and agents must make investments in modern, highly scalable technology so they can keep up with demand and respond faster. "Novidea research shows that 49% of insurance business decision-makers say enabling growth is the number one priority when choosing a new technology. E&S and the broader intermediary market that lack modern technology systems to help them streamline processes at scale will lose out on the massive growth potential this sector is experiencing," said Jeff Heine, CRO at Novidea. "In our presentation at ITC, Alex and I will talk about the need for agile, cloud-native technologies that deliver a great digital experience while eliminating the need for agents to re-key information or fill out clunky forms. We will show how speed, accuracy, efficiency, and scale are the keys to success for E&S players like Pathpoint." In addition to the presentation, Novidea is a sponsor and exhibitor at ITC Vegas. For more information about Novidea's award-winning technology, visit ITC booth number #2365 or visit www.novidea.com. 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, visit www.novidea.com. About Pathpoint Pathpoint is the modern wholesaler where insurance agents can get bindable small commercial E&S quotes in just a few minutes. Pathpoint combines proprietary technology and first-class service to enable strategic partners to give retail insurance agents fast access to quotes from multiple, A-rated carriers in the contractors, vacants, lessor's risk, monoline property, restaurants, and cyber verticals. Pathpoint is licensed in all 50 states and a coverholder at Lloyd's of London. To learn more about Pathpoint, and become a strategic partner, visit www.pathpoint.com. Contact Details Michelle Barry +1 603-809-2748 Michelle.barry@chameleon.co Company Website https://novidea.com/

October 14, 2024 11:00 AM Eastern Daylight Time

This Company Is Saving Lives With Personal Emergency Response Systems

Benzinga

By Johnny Rice, Benzinga Chia-Lin Simmons, CEO of LogicMark (NASDAQ: LGMK), was recently interviewed by Benzinga. LogicMark is a cutting-edge provider of personal emergency response systems (PERS), health communications devices and IoT technologies. CEO Chia-Lin Simmons spoke about the company and its growth strategies aimed at increasing shareholder value. She discussed her efforts to turn the company around, shifting from a one-time purchase hardware model to a SAAS and recurring revenue model. Additionally, she talked about LogicMark’s expansion into personal safety, not just for aging adults but for all. Watch the full interview here: Featured photo by Piotr Chrobot 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

October 14, 2024 09:15 AM Eastern Daylight Time

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MSTU And MSTZ: The Only 2x ETFs On MicroStrategy And One Of The Most Volatile Ways To Play Bitcoin

Benzinga

By Gerelyn Terzo, Benzinga As the Bitcoin price dances in the $60,000s, investors are reminded of an effectively inherent element – volatility. Now that Bitcoin has become mainstream, investors and traders have more ways than ever to gain exposure to this digital currency. They are no longer limited to buying and holding in dedicated crypto wallets or exchanges, thanks to a combination of regulatory tailwinds and tech innovation that has opened up the world of crypto directly within brokerage accounts. While many people are focusing on Spot Bitcoin ETFs, one of the most interesting ways to capitalize on this opportunity includes listed companies that are piling Bitcoin onto their balance sheets, such as MicroStrategy (NASDAQ: MSTR). The company's strategic decision to invest heavily in Bitcoin ties its stock performance closely to the digital currency's price swings. As a result, trading in MicroStrategy shares effectively becomes a play on Bitcoin's infamous volatility. This has particularly appealed to traders who seek exposure to Bitcoin's potential upsides and inherent risks, while also leveraging the liquidity and regulatory framework of a NASDAQ-listed stock. MicroStrategy's own implied volatility is a potentially attractive feature for those looking to benefit from rapid price changes in the crypto market, magnified by the company's significant Bitcoin holdings. With an average daily trading volume of 11 million shares in September, MicroStrategy stock offers no shortage of opportunities. And now one way to play MicroStrategy with leverage is through a pair of ETFs launched by REX Shares — which recently surpassed $5 billion in assets under management — alongside ETF provider Tuttle Capital Management. Now, REX Shares and Tuttle Capital have launched the industry’s only 2x/-2x ETFs for MicroStrategy - T-REX 2X Long MSTR Daily Target ETF (BATS: MSTU) and T-REX 2X Inverse MSTR Daily Target ETF (BATS: MSTZ). REX’s ETFs are the first of their kind to offer +200% and -200% exposure to MicroStrategy, reports REX Shares, potentially paving the way for traders who closely monitor MSTR stock movements to harness fresh possibilities. Each of REX’s latest products gives investors a way to play both sides of the coin. For example, the T-REX 2X Long MSTR Daily Target ETF was created for traders who are bullish on MSTR shares, delivering the potential to amplify gains with +200% exposure to the stock’s daily movements. On the flip side, the T-REX 2X Inverse MSTR Daily Target ETF offers 200% inverse exposure to MSTR, offering traders who are bearish on MicroStrategy’s stock price to bet on its decline. With the options market now open, investors can take their trading strategies a step further by utilizing options to fine-tune their positions, hedge risk or capitalize on market volatility, said REX Shares. With the opportunities that options trading can provide, coupled with ETFs and Bitcoin, investors have no shortage of ways to play this dynamic market that is ripe with volatility. To explore REX’s approach to trading, check out its product offerings here. REX’s ETF Appeals To Bulls And Bears Options give traders the opportunity to purchase contracts that give them the right to buy or sell an asset, like a stock or cryptocurrency, for a pre-set price over a specified term. Options trading has taken hold in the Bitcoin market, where monthly expiry amounts on BTC contracts have been ranging from $8 billion to $14 billion since the flagship cryptocurrency’s most recent halving event. After recently introducing the first and only 2x leveraged MSTR ETFs to the market, REX Shares says it will continue to innovate, essentially giving sophisticated traders a chance to place leveraged wagers on Bitcoin, of which MicroStrategy owns over $9 billion worth, as of September. Given MicroStrategy’s commitment to owning Bitcoin, its stock is often as volatile as the cryptocurrency itself. Investors should be aware that trading these funds is not the same as investing directly into Bitcoin or MicroStrategy, commanding a heightened level of portfolio management. You can learn more about these ETFs as well as other trading products that REX Shares has to offer here. Featured photo by Tyler Prahm 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

October 14, 2024 09:05 AM Eastern Daylight Time

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Tesla Seems To Be Having Trouble Building A Better Battery – Could This Company Solve The Problem?

Benzinga

By Johnny Rice, Benzinga Denis Phares, CEO of Dragonfly Energy (NASDAQ: DFLI), was recently a guest on Benzinga’s All-Access. Dragonfly Energy is a leading green energy storage company. The company reports that it develops some of the most popular Lithium-ion battery products in the RV and Marine industries today, through the Battle Born Batteries brand. Dragonfly is committed to pushing the industry forward and helping onshore manufacturing back to the U.S. Mr. Phares spoke about the company’s process and how it could help Tesla (NASDAQ: TSLA) solve its production woes. Watch the full interview here: Featured photo by Possessed Photography 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 not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 14, 2024 09:02 AM Eastern Daylight Time

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VTS Recognized on Commercial Observer’s Annual Power Proptech List For Third Consecutive Year

VTS

VTS, the industry's only technology platform that unifies owners, operators, brokers, and their customers across the real estate ecosystem, today announced that Commercial Observer has recognized CEO Nick Romito, Chief Strategy Officer Ryan Masiello, and Chief Technology Officer Swaroopa Penikelapati in its third annual Power Proptech List. “We’ve seen immense product-led growth in 2024, and our recognition as a power player in proptech is a testament to all of the hard work our team at VTS has invested since day one,” said Nick Romito, CEO of VTS. “We look forward to maintaining our position at the forefront of industry transformation and to continue pushing the boundaries of innovation for real estate.” Under Romito, Masiello, and Penikelapati’s leadership, VTS has celebrated numerous company milestones in the past year and continued to expand its platform’s capabilities. In March 2024, VTS announced the launch of VTS 4, the company’s novel predictive analytics solution powered by the newly developed VTS Demand Model. Along with the launch of VTS 4, VTS expanded its VTS Data offering to the London market, bringing commercial real estate’s only real-time data and insights to the United Kingdom. In April 2024, the company announced it would be expanding into the multifamily sector with the launch of its resident experience offering, VTS Activate Multifamily, and major residential industry players Lendlease, Habitat, and Stonehenge all selected and deployed it as their resident experience solution of choice. In May 2024, VTS introduced VTS Activate Workplace, the first workplace experience solution that can combine native workplace and building systems into one application. VTS continues to be a trusted source for industry data, with its quarterly VTS Office Demand Index (VODI) and annual Global Landlord Report. In February 2024, VTS introduced its Global Workplace Report, which leverages data to pinpoint corporate tenant needs and expectations related to office space. “We’re honored to be recognized once again on Commercial Observer’s Power PropTech list,” said Ryan Masiello, Chief Strategy Officer at VTS. “At VTS, we have always focused on anticipating industry needs and delivering solutions that drive meaningful impact for both landlords and tenants. We remain committed to being a leader in proptech, and are incredibly excited for what the future holds for both VTS and the real estate industry at large.” "I’m thrilled to be recognized by the Commercial Observer in their annual Power Proptech List alongside Nick and Ryan, as well as other innovators in the proptech space” said Swaroopa Penikelapati, Chief Technology Officer at VTS. “VTS is committed to innovation by driving meaningful outcomes through our technology and solving problems for our customer base. I look forward to continuing to push the boundaries of what our platform can deliver and drive maximum value for our customers.” Commercial Observer’s annual Power Proptech List is a compilation of the most influential individuals in the rapidly evolving world of proptech. In a field that continues to undergo significant transformation, this list recognizes executives and companies that shape the industry and possess the resilience and innovation necessary to thrive in changing times. About VTS VTS is the commercial real estate industry’s only technology company that unifies owners, operators, brokers, and tenants in a single platform to capitalize on opportunities revealed in every square foot of their properties. In 2013, VTS revolutionized the commercial real estate industry’s leasing operations with what is now VTS Lease. Today, the VTS Platform is the largest first-party data source in the industry, transforming how strategic decisions are made and executed by CRE professionals across the globe. With the VTS Platform, consisting of VTS Lease, VTS Activate, VTS Data, and VTS Market, every business stakeholder in commercial real estate is given real-time market information and workflow tools to do their job with unparalleled speed and intelligence. VTS is the global leader, with more than 60% of Class A office space in the U.S., and 12 billion square feet of office, retail, and industrial space is managed through our platform worldwide. VTS’ user base includes over 45,000 CRE professionals and industry-leading customers such as Blackstone, Brookfield Properties, LaSalle Investment Management, Hines, BXP, Oxford Properties, JLL, and CBRE. To learn more about VTS, and to see our open roles, visit www.vts.com. Contact Details Sofia Chevez +1 646-912-5354 schevez@marinopr.com Company Website https://www.vts.com/

October 14, 2024 09:00 AM Eastern Daylight Time

CleanCore Solutions Announces String Of Wins Over Past Few Months, Including Deals With Fortune 50 Companies, Universities And More

Benzinga

By Anthony Termini, Benzinga According to Fortune Business Insights, the worldwide market for cleaning services was projected to reach almost $400 billion in 2023. In this context, Nebraska-based company, CleanCore Solutions, Inc. (AMEX: ZONE) has announced a string of wins over the past few months. CleanCore’s products can be used in a range of service industries, including hotels, hospitals, and airports. While there is no official government estimate for how many new hotels will be built in the United States by 2050, if the current market is any indication, the demand for hotels will continue to grow. Room demand is set to reach an all-time high in 2024 according to STR research. Additionally, it is predicted hotel occupancy will increase by 2.5% globally and hotel average daily rate (ADR) is projected to grow by 4.9% in the next 12 months. Similarly, while the federal government doesn’t offer an estimate of the number of new airports that will be built by 2050, the FAA does say that the number of people getting on planes by then will grow to more than 300 million. That represents a 111% increase over 2021. The National Center for Education Statistics, part of the U.S. Department of Education, in its most recent accounting said that the number of colleges and universities in America was 5,916. It also estimated that enrollments through 2030 would remain relatively equivalent to where they are today. According to Fortune Business Insights, the property management business in the United States is expected to grow at a compound annual rate of nearly 8% through 2028. Each of these estimates is likely to have an impact on the growth prospects of CleanCore Solutions, which has developed a patented technology that replaces traditional cleaning chemicals with a safe, low-cost solution it brands as Aqueous Ozone. Who Is CleanCore Solutions And What Is Aqueous Ozone? CleanCore is an Omaha, Nebraska-based manufacturer of equipment and supplies that create safe aqueous ozone from regular tap water. The result is an effective, all-natural and chemical-free cleaner. In comparison to Ecolab (NYSE: ECL), a company that provides chemical options, Cleancore seeks to change the norms of cleaning practices in a manner that is more safe and cost effective. Aqueous Ozone is a highly concentrated solution proven to be a powerful oxidizer, says CleanCore. It is an effective bacteria and germ killer. Because it is completely natural, it is also simpler, healthier and more sustainable than other chemical-based disinfectants. CleanCore Focuses On Key Industries CleanCore’s strategy to grow its business by focusing on those industries looking for clean, all-natural solutions to replace the harsh chemicals they currently use in everyday cleaning and specialty processes. The company provides solutions to hospitals and other healthcare facilities to keep their physical plant clean and to provide unique hygiene solutions in their food service and laundry operations. It does the same for colleges and universities around the world, as well as at airports and commercial buildings. Part of the allure of CleanCore is its products create safer environments for employees, while saving money for companies because of the inexpensive technology that Cleancore utilizes. Scoring New Wins Within Its Target Markets CleanCore announced in September that it had completed the successful installation of more than 200 cleaning systems at a leading university in the United States that has implemented initiatives to become a chemical-free campus, adding to the four other universities of varying sizes that have engaged CleanCore for similar initiatives. The installation followed an initial pilot program of the company's products. The contract also provides employee training and support. CleanCore’s chief executive officer, Clayton Adams, said that the company is dedicated to promoting sustainability and health and to bringing chemical-free cleaning solutions to schools across the globe. He said that “in addition to the health and environmental benefits, [the company’s] solutions reduce chemical costs, providing a highly attractive return on investment." The program includes CleanCore's Power Caddies; portable units that produce the company’s patented Aqueous Ozone solution and on-site Fill Stations; wall-mounted dispensers of the company’s proprietary cleaning solution. The new relationship tees up future opportunities for CleanCore to provide the university with its products that sanitize water used in laundry facilities and potable ice machines. Creating Revenue Generating Opportunities From Previous Pilot Programs At the end of July, CleanCore launched a separate revenue-generating pilot program with one of the world's leading logistics companies. The program was initiated at one of the client's million-plus square-foot facilities. This program also deploys Power Caddies as well as other cleaning solutions. The project is expected to jumpstart a rollout of CleanCore products throughout the client’s organization. According to Adams, "We are pleased to announce the successful commencement of this pilot program in collaboration with a Fortune 50 logistics company.” Adams also commented that the customer has an enormous international footprint. The hope is that it will become a significant opportunity to expand because the client has more than 500,000 employees around the world. “Given the early positive feedback, our track record of high customer satisfaction, and meaningful cost savings, we are highly confident this initial purchase order will translate into significant, long-term, enterprise-wide contracts,” said Adams. Just the month before, CleanCore announced that one of the largest airports in the southwestern United States – serving more than 48 million passengers in 2023 – will be installing Power Caddies after another successful pilot test. CleanCore says that it is continuing to see a number of different types of facilities (including hospitals, hotels, schools and commercial buildings) adopting new technologies and solutions to eliminate traditional chemical cleaners. It says it sees the cost savings its solutions provide as a catalyst for this. Adams added that “the value proposition in combination with a switch from dangerous chemicals makes the adoption of our technology easy for our customers." More company information is available at CleanCoreSol.com. Featured photo by Erik Odiin 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

October 14, 2024 08:55 AM Eastern Daylight Time

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Closure Of Lithium Mine In China Sees Uptick In Lithium Prices

Benzinga

By Kyle Anthony, Benzinga Generally, price movement in an asset class can be attributed to several factors, but for commodities, the underlying principles of supply and demand are often the primary reasons. Bloomberg recently reported that Chinese battery giant Contemporary Amperex Technology Co., commonly called CATL, has shut down its major lithium mine in Jiangxi province. Jiangxi is a substantial source of lithium carbonate, with estimates that it accounted for 5% to 6% of global supply. CATL is currently the world’s largest battery manufacturer, with a market share of 34%. The Ripple Effects Of The Mine Closure News of the mine’s closure had a catalyzing effect on the stock prices of lithium miners, as firms from Asia to the Americas saw an uptick in their equity prices. As S&P Global reported earlier this year, lithium prices have declined for a prolonged period due to the metal’s oversupply and that demand for EVs, particularly outside of China, slowed earlier this year. As noted in the Bloomberg report, CATL’s stoppage will likely spur an 8% cut in China’s monthly lithium carbonate output. However, much inventory of the metal remains, with recent reporting positing that a historically high level of 130 kilotons is in storage. Though CATL’s mine closure has created a potential opportunity for the metal’s price appreciation. Gaining Exposure To Lithium Miners With Sprott With lithium prices being at or close to their floor, a reduction in supply could potentially have a supportive impact on its price. For investors seeking pure-play exposure to the lithium industry, the Sprott Lithium Miners ETF (NASDAQ: LITP) is a turnkey solution that tracks the Nasdaq Sprott Lithium Miners™ Index, which is designed to track the performance of companies that derive at least 50% of their revenue and/or assets from mining, exploration, development or production of lithium. The index generally consists of 40 to 50 constituents. Lithium plays a pivotal part in battery construction. The movement of lithium ions back and forth between the anode and cathode of a battery generates the free electrons in the anode, producing the actual charge at the positive end of the battery. That charge flows into a vehicle’s motor or the electronics being powered. The lithium market is of interest to some companies that are looking to replace internal combustion engine vehicles with EVs in the years to come. As argued in Sprott’s summary report 5 Reasons to Invest in Lithium Miners, as electric vehicles and energy storage technologies potentially become mainstays in the global economy, the companies that reflect the value of battery materials may represent or become a source of wealth-building for investors. Featured photo by MiningWatch Portugal 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. Important Disclosures Before investing, you should consider each Fundâs investment objectives, risks, charges and expenses. Each Fundâs prospectus contains this and other information about the Fund and should be read carefully before investing. A prospectus can be obtained by calling 888.622.1813 or by clicking this link: Sprott Lithium Miners ETF Prospectus The Fund is not suitable for all investors. There are risks involved with investing in ETFs, including the loss of money. The Fund is non-diversified and can invest a greater portion of assets in securities of individual issuers than a diversified fund. As a result, changes in the market value of a single investment could cause greater fluctuations in share price than would occur in a diversified fund. Exchange Traded Funds (ETFs) are bought and sold through exchange trading at market price (not NAV) and are not individually redeemed from the Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns." Authorized participants" may trade directly with the Fund, typically in blocks of 10,000 shares. Funds that emphasize investments in small/mid-cap companies will generally experience greater price volatility. Diversification does not eliminate the risk of experiencing investment losses. ETFs are considered to have continuous liquidity because they allow for an individual to trade throughout the day. A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses, affect the Fundsâ performance. The Sprott Lithium Miners ETF seeks to provide investment results that, before fees and expenses, generally correspond to the total return performance of the Nasdaq Sprott Lithium Minersâ¢ Index (NSLITPâ¢). NasdaqÂ®, Nasdaq Sprott Lithium Minersâ¢ Index, and NSLITPâ¢ are registered trademarks of Nasdaq, Inc. (which with its affiliates is referred to as the âCorporationsâ) and are licensed for use by Sprott Asset Management LP. The Product(s) have not been passed on by the Corporations as to their legality or suitability. The Product(s) are not issued, endorsed, sold, or promoted by the Corporations. THE CORPORATIONS MAKE NO WARRANTIES AND BEAR NO LIABILITY WITH RESPECT TO THE PRODUCT(S). One cannot invest directly in an index. Sprott Asset Management USA, Inc. is the Investment Adviser to the Sprott Lithium Miners ETF. Sprott Asset Management LP is the Sponsor of the Fund. ALPS Distributors, Inc. is the Distributor for the Sprott Lithium Miners ETF and is a registered broker-dealer and FINRA Member. ALPS Distributors, Inc. is not affiliated with Sprott Asset Management LP. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 14, 2024 08:45 AM Eastern Daylight Time

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