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Aware Extends Biometric Security Market Leadership With Acquisition Of AFIX™ Product Line

With Addition of AFIX, Aware Provides a Comprehensive Family of ABIS Products

BEDFORD, Mass., Nov. 17, 2020 (GLOBE NEWSWIRE) — Aware, Inc., a leading global provider of biometrics software products, solutions and services, has acquired the AFIX™ suite of biometric products from Maxar Technologies. The addition of AFIX, which provides turnkey face and fingerprint biometric matching and forensic analysis software for small and medium-sized law enforcement and government agencies, extends the Aware ABIS product family.

With the AFIX product line and expertise, Aware is positioned for growth across a broad segment of ABIS customers, including small to large government agencies and enterprises across multiple verticals.

“Customers that have relied on Aware to provide the most full-featured, flexible, reliable and durable biometric security and forensic technologies on the market are asking for more choices in how the solutions are aligned to fit their individual needs,” said Robert Eckel, CEO of Aware. “Our purchase of the AFIX line of biometric solutions gives us the ability to grow and serve a much broader customer base seeking everything from small, customized solutions to enterprise implementations that can scale to millions of identities.”

The global market for biometric technology is growing at nearly 20 percent per year as vertical industries in public, private and commercial sectors struggle to counter security threats. Government agencies of all sizes have been particularly active biometrics users for many use cases, including passenger processing, law enforcement, and civil registries for identity card issuance, voter registration and benefit disbursements. The combination of AFIX with AwareABIS™ and Aware’s Astra™ enables quick turnkey deployments or customized solutions to keep communities safe – no matter their size.

Complete Family of Offerings for ABIS

With the acquisition of AFIX, Aware now offers a complete family of offerings for ABIS across civil use cases and law enforcement, offering solutions and resources for any sized community. Specifically, this includes:

  • AFIX systems, which have been installed in more than 500 sites across the U.S. and in more than 25 countries. The AFIX Tracker™ – an automated fingerprint, palmprint and latent print identification solution – is most often used in crime scene investigation applications. Most users are individual communities with populations of between 15,000 and 2 million, including sheriff’s offices in Polk County, Fla., and Harrison County, Miss.; and police departments in Denton, Texas, and Tuscaloosa, Ala.
  • AwareABIS, used for large-scale biometric identification and deduplication, provides fingerprint-, face-, and iris-based search, biometric deduplication, civil identity proofing, national ID confirmation and border management, with individual deployments serving between 2-30 million identities or more. AwareABIS leverages BioSP™ (Biometric Services Platform), Aware’s market-leading workflow and integration server to achieve unsurpassed configurability and ease of integration to existing IT infrastructures. It utilizes Aware’s high-performance, NIST-tested Nexa™ face, fingerprint, and iris matching algorithms, as well as top-tier fingerprint algorithms from trusted partners. AwareABIS is fast, scalable, and fault tolerant.
  • Aware’s Astra is the scalable, fault tolerant, configurable matching subsystem that provides the speed and accuracy of the AwareABIS platform. For commercial partners that provide their own business processes and workflows, Astra in stand-alone mode is the ideal way to plug high speed and accurate finger, face, iris and voice verification and identification into their solution offerings.

“The AFIX team is thrilled to join Aware,” said Scott Howard, director, AFIX. “Aware’s technologies have been an integral part of AFIX biometric identification products from the beginning. Our combined experience of more than fifty years of development and delivery of industry-leading biometric identification and verification technologies provides the catalyst for both the enhancement of existing products and the creation of new solutions. United through a common dedication to providing unsurpassed biometric solutions and mission-critical support to our clients, the AFIX team looks forward to new opportunities for growth, innovation, and strength as part of Aware, Inc.”

A group of entrepreneurs established AFIX in 1989 in an effort to serve an emerging market for Automated Fingerprint Identification Systems (AFIS) technology that operated on personal computers. Research into solutions that would serve a national firearms control system led to the introduction of the AFIX Tracker in 1998. Radiant Solutions, a Maxar Technologies company, later purchased AFIX, and in 2018 the company introduced facial recognition technology into the AFIX Tracker.

To learn more about the AwareABIS product family, visit Aware’s product webpage.

About Aware

Aware, a global leader in productized biometrics software products, solutions and services, provides critical biometric functionality to collect, manage, process, and match biometric images and data for identification and authentication. With their decades-long experience, Aware leads the market in liveness detection and multi-modal fusion to protect client and business processes through fingerprint, face, iris, and voice matching algorithms, mobile biometric capture and authentication software, a biometric workflow and middleware platform, and a fully-scalable ABIS. Their device-agnostic, integration-ready, and customer-managed products enable ease-of-use for enterprises to empower individuals to own their identities. Aware serves customers across a multitude of industries, including financial services, enterprise security, healthcare, human resources, citizen ID, border management, law enforcement, defense, and intelligence. Aware is a publicly held company (Nasdaq: AWRE) based in Bedford, Massachusetts. To learn more, visit https://www.aware.com or follow Aware on Twitter @AwareBiometrics.

Safe Harbor Warning

Portions of this release contain forward-looking statements regarding future events and are subject to risks and uncertainties, such as estimates or projections of future revenue, of us broadening our customer base as a result of acquiring the AFIX suite of biometric products, and the growth of the biometrics markets. Aware wishes to caution you that there are factors that could cause actual results to differ materially from the results indicated by such statements.

Risk factors related to our business include, but are not limited to: i) our operating results may fluctuate significantly and are difficult to predict; ii) we derive a significant portion of our revenue from government customers, and our business may be adversely affected by changes in the contracting or fiscal policies of those governmental entities; iii) a significant commercial market for biometrics technology may not develop, and if it does, we may not be successful in that market; iv) we derive a significant portion of our revenue from third party channel partners; v) the biometrics market may not experience significant growth or our products may not achieve broad acceptance; vi) we face intense competition from other biometrics solution providers; vii) our business is subject to rapid technological change; viii) our software products may have errors, defects or bugs which could harm our business; ix) our business may be adversely affected by our use of open source software; x) we rely on third party software to develop and provide our solutions and significant defects in third party software could harm our business; xi) part of our future business is dependent on market demand for, and acceptance of, the cloud-based model for the use of software: xii) our operational systems and networks and products may be subject to an increasing risk of continually evolving cybersecurity or other technological risks which could result in the disclosure of company or customer confidential information, damage to our reputation, additional costs, regulatory penalties and financial losses; xiii) our intellectual property is subject to limited protection; xiv) we may be sued by third parties for alleged infringement of their proprietary rights; xv) we must attract and retain key personnel; xvi) we rely on single sources of supply for certain components used in our hardware products; xvii) our business may be affected by government regulations and adverse economic conditions; xviii) we may make acquisitions like our acquisition of the AFIX suite of biometric products, which could adversely affect our results or which may not achieve the results we are expecting, xix) we may have additional tax liabilities; and xx) we believe the effects caused by the COVID-19 pandemic will likely have an adverse impact on our revenue over the next several quarters.

We refer you to the documents Aware files from time to time with the Securities and Exchange Commission, specifically the section titled Risk Factors in our annual report on Form 10-K for the fiscal year ended December 31, 2019 and other reports and filings made with the Securities and Exchange Commission.

Aware
, AFIX and AFIX Tracker,
are registered trademarks of Aware, Inc.

CONTACT
Company Contact   Investor Contact  
Gina Rodrigues   Matt Glover  
Aware, Inc.   Gateway Investor Relations  
781-276-4000   949-574-3860
[email protected]    [email protected] 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/3f705529-1abf-40cd-a1dd-1ddc167ca9a6



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TESSCO’s Ongoing Robust Board Refreshment Process Has Led to the Identification and Vetting of Four New, High Quality Independent Directors

TESSCO’s Ongoing Robust Board Refreshment Process Has Led to the Identification and Vetting of Four New, High Quality Independent Directors

Board Reiterates its Commitment to Exiting Difficult Retail Business Even as Mr. Barnhill Wavers Urges Shareholders to Sign and Return TESSCO’s GREEN Consent Revocation Card

HUNT VALLEY, Md.–(BUSINESS WIRE)–
TESSCO Technologies Incorporated (NASDAQ: TESS), a leading value-added distributor and solutions provider for the wireless industry, today distinguished its approach to Board refreshment and its business configuration from that of Robert B. Barnhill, Jr., who is seeking to replace a majority of the directors on the TESSCO Board.

TESSCO released an infographic related to its ongoing Board refreshment process, which is available here: LINK. Additional important information related to the Company’s opposition to Mr. Barnhill’s efforts can be found on the Company’s website at ir.tessco.com.

The Board noted that it began this phase of its refreshment process at a February 2020 Board meeting at which goals for the refreshment process were discussed. As shown in the infographic, the Board systematically engaged with outside experts and more than sixty individual candidates over a nine-month period to recruit three exceptional directors who have been added to the Board in 2020. Two directors have left the Board in 2020, and the third, the Chairman of the Audit Committee, will leave the Board no later than year-end, after transitioning his responsibilities to new members of the Audit Committee.

“Our Board recruitment process has been ongoing for many months and reflects a thorough and deliberate effort to ensure we attract talented directors who can assist our new management team and oversee the strategy of the Company,” said Paul Gaffney, Chairman of the Nominating and Governance Committee. “The talent we have attracted thus far is the result of this process and the terrific job Spencer Stuart did in identifying well-qualified candidates.”

The Board noted that nothing is known about how Mr. Barnhill recruited his candidates for the Board. Despite many requests, Mr. Barnhill and those candidates refused to participate in the Board’s process or disclose anything about their backgrounds or views beyond that which is minimally required by the proxy disclosure rules. Further, at least one of Mr. Barnhill’s nominees has a prior relationship with Mr. Barnhill, having previously been unsuccessfully proposed by Mr. Barnhill to become TESSCO’s CEO, and shared TESSCO material non-public information on at least one subsequent occasion.

The Board also noted that it followed a thorough process for evaluating alternatives for its retail business, beginning in 2019. Despite the interruptions caused by the COVID-19 crisis, the Company was able, over an approximately six-month period, to negotiate an exit transaction with a third-party that the Board—including Mr. Barnhill—unanimously approved. Mr. Barnhill is now suggesting that he and his hand-picked directors would consider forcing TESSCO to breach that agreement. The current Board, other than Mr. Barnhill, continues to believe TESSCO should exit its retail business and fully intends to perform under the agreement TESSCO signed. The Board is unaware of Mr. Barnhill’s rationale for changing his position on this transaction after having voted in favor of it.

“Mr. Barnhill is attempting to scare investors into believing they will be on the hook for penalties associated with the agreement simply if he and his directors are elected, which is not the case,” said John D. Beletic, Chairman of the Board. “I truly hope that Mr. Barnhill recommits to the exit from this legacy business, which has cost the Company dearly. Although we fought the buyer when it wanted to include a clause meant to prevent Mr. Barnhill from reneging on TESSCO’s contractual obligations, we really never thought this would be an issue. After months of discussions among the Board, it was clear to us all that exiting the retail business was the right decision. I am surprised that Mr. Barnhill is now, belatedly, rethinking that and implying that his candidates would consider derailing the deal.”

The TESSCO Board has moved methodically to refresh the Board and reconfigure the business. Mr. Barnhill is seeking to upend those decisions.

We encourage all shareholders to vote for good governance processes and stability by signing, dating and returning the enclosed GREEN Consent Revocation Card TODAY. If you receive a White Consent Card from Robert B. Barnhill, Jr., please disregard it.

If you have any questions or need assistance executing your revocation,

please contact TESSCO’s proxy solicitor,

Innisfree M&A Incorporated

Shareholders may call toll-free: (877) 800-5195

Banks and Brokers may call collect: (212) 750-5833

Sidley Austin LLP and Ballard Spahr LLP are serving as legal counsel to the Special Committee of TESSCO’s Board of Directors.

About TESSCO Technologies Incorporated (NASDAQ: TESS)

TESSCO Technologies, Inc. (NASDAQ: TESS) is a value-added technology distributor, manufacturer, and solutions provider serving commercial and retail customers in the wireless infrastructure and mobile device accessories markets. The company was founded more than 30 years ago with a commitment to deliver industry-leading products, knowledge, solutions, and customer service. TESSCO supplies more than 46,000 products from 350 of the industry’s top manufacturers in mobile communications, Wi-Fi, Internet of Things (“IoT”), wireless backhaul, and more. TESSCO is a single source for outstanding customer experience, expert knowledge, and complete end-to-end solutions for the wireless industry. For more information, visit www.tessco.com.

Forward-Looking Statements

This release contains certain 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. All statements other than statements of historical facts contained herein, including statements regarding our future results of operations and financial position, strategy and plans and future prospects, and our expectations for future operations, are forward-looking statements. These forward-looking statements are based on current expectations and analysis, and actual results may differ materially from those projected. These forward-looking statements may generally be identified by the use of the words “may,” “will,” “expects,” “anticipates,” “targets,” “goals,” “projects,” “intends,” “plans,” “seeks,” “believes,” “estimates,” and similar expressions, but the absence of these words or phrases does not necessarily mean that a statement is not forward-looking. These forward-looking statements are only predictions and involve a number of risks, uncertainties and assumptions, many of which are outside of our control. Our actual results may differ materially and adversely from those described in or contemplated by any such forward-looking statement for a variety of reasons, including those risks identified in our most recent Annual Report on Form 10-K and other periodic reports filed with the Securities and Exchange Commission (the “SEC”), under the heading “Risk Factors” and otherwise. Consequently, the reader is cautioned to consider all forward-looking statements in light of the risks to which they are subject. For additional information with respect to risks and other factors which could occur, see Tessco’s Annual Report on Form 10-K for the year ended March 29, 2020, including Part I, Item 1A, “Risk Factors” therein, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K and other securities filings with the SEC that are available at the SEC’s website at www.sec.gov and other securities regulators.

We are not able to identify or control all circumstances that could occur in the future that may materially and adversely affect our business and operating results. Without limiting the risks that we describe in our periodic reports and elsewhere, among the risks that could lead to a materially adverse impact on our business or operating results are the following: the impact and results of the consent solicitation and other activism activities by Robert B. Barnhill, Jr. and certain other participants in his consent solicitation and/or other activist investors, termination or non-renewal of limited duration agreements or arrangements with our vendors and affinity partners that are typically terminable by either party upon several months or otherwise relatively short notice; loss of significant customers or relationships, including affinity relationships; loss of customers either directly or indirectly as a result of consolidation among large wireless services carriers and others within the wireless communications industry; the strength of our customers’, vendors’ and affinity partners’ business; negative or adverse economic conditions, including those adversely affecting consumer confidence or consumer or business spending or otherwise adversely impacting our vendors or customers, including their access to capital or liquidity, or our customers’ demand for, or ability to fund or pay for, the purchase of our products and services; our dependence on a relatively small number of suppliers and vendors, which could hamper our ability to maintain appropriate inventory levels and meet customer demand; changes in customer and product mix that affect gross margin; effect of “conflict minerals” regulations on the supply and cost of certain of our products; failure of our information technology system or distribution system; system security or data protection breaches; technology changes in the wireless communications industry or technological failures, which could lead to significant inventory obsolescence and/or our inability to offer key products that our customers demand; third-party freight carrier interruption; increased competition from competitors, including manufacturers or national and regional distributors of the products we sell and the absence of significant barriers to entry which could result in pricing and other pressures on profitability and market share; our relative bargaining power and inability to negotiate favorable terms with our vendors and customers; our inability to access capital and obtain financing as and when needed; transitional and other risks associated with acquisitions of companies that we may undertake in an effort to expand our business; claims against us for breach of the intellectual property rights of third parties; product liability claims; our inability to protect certain intellectual property, including systems and technologies on which we rely; our inability to hire or retain for any reason our key professionals, management and staff; health epidemics or pandemics or other outbreaks or events, or national or world events or disasters beyond our control; and the possibility that, for unforeseen or other reasons, we may be delayed in entering into or performing, or may fail to enter into or perform, anticipated contracts or may otherwise be delayed in realizing or fail to realize anticipated revenues or anticipated savings.

The above list should not be construed as exhaustive and should be read in conjunction with our other disclosures, including but not limited to the risk factors described in our most recent Annual Report on Form 10-K and other periodic reports filed with the SEC, under the heading “Risk Factors” and otherwise. Other risks may be described from time to time in our filings made under the securities laws. New risks emerge from time to time. It is not possible for our management to predict all risks.

Although we believe that the expectations reflected in the forward-looking statements are reasonable, we cannot guarantee future results, level of activity, performance or achievements. In addition, neither we nor any other person assumes responsibility for the accuracy and completeness of any of these forward-looking statements. Any forward-looking statement made by us in this press release speaks only as of the date on which it is made. We disclaim any duty to update any of these forward-looking statements after the date of this press release to confirm these statements to actual results or revised expectations.

Important Additional Information and Where to Find It

In connection with the consent solicitation initiated by Robert B. Barnhill, Jr. and certain other participants, TESSCO Technologies Incorporated (the “Company”) has filed a consent revocation statement and accompanying GREEN consent revocation card and other relevant documents with the Securities and Exchange Commission (the “SEC”). SHAREHOLDERS ARE STRONGLY ENCOURAGED TO CAREFULLY READ THE COMPANY’S CONSENT REVOCATION STATEMENT (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO), ACCOMPANYING GREEN CONSENT REVOCATION CARD AND ALL OTHER DOCUMENTS FILED WITH THE SEC IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE AS THEY WILL CONTAIN IMPORTANT INFORMATION. Shareholders may obtain a free copy of the consent revocation statement, any amendments or supplements to the consent revocation statement and other documents that the Company files with the SEC at the SEC’s website at www.sec.gov or the Company’s website at https://ir.tessco.com as soon as reasonably practicable after such materials are electronically filed with, or furnished to, the SEC.

Cindy King, TESSCO

+1 410 229 1161 or [email protected]

Media

Jeff Kauth / Aiden Woglom

Joele Frank Wilkinson Brimmer Katcher

(212) 355-4449

Investors

Larry Miller / Gabrielle Wolf

Innisfree M&A Incorporated

Phone: (212) 750-5833

KEYWORDS: Maryland United States North America

INDUSTRY KEYWORDS: Manufacturing Other Manufacturing Consumer Electronics Mobile/Wireless Technology

MEDIA:

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USA Technologies Announces Approval to Relist on Nasdaq

USA Technologies Announces Approval to Relist on Nasdaq

Company Will Trade Under Its Existing Symbol ”USAT”

MALVERN, Pa.–(BUSINESS WIRE)–USA Technologies, Inc. (OTC: USAT) (“USA Technologies”), a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market, today announced that The Nasdaq Stock Market LLC (“Nasdaq”) has approved its application for the relisting of the Company’s common stock on The Nasdaq Global Select Market. The Company’s common stock is expected to be relisted and commence trading on the Nasdaq Global Select Market at the opening of the market on or about Thursday, Nov. 19, 2020, under the ticker symbol “USAT.”

“Our relisting on Nasdaq is an important milestone in our journey to build a better, stronger Company for our customers, employees and stakeholders,” said Sean Feeney, chief executive officer, USA Technologies. “This achievement reflects the operational and financial progress we have accomplished in the past six months, the fundamental strengths of our core business, and our ability to capitalize on the opportunities that lie ahead.”

About USA Technologies, Inc.

USA Technologies, Inc. is a cashless payments and software services company that provides end-to-end technology solutions for the self-service retail market. USAT is transforming the unattended retail community by offering one integrated solution for payments processing, logistics, and back-office management. The company’s enterprise-wide platform is designed to increase consumer engagement and sales revenue through digital payments, digital advertising and customer loyalty programs, while providing retailers with control and visibility over their operations and inventory. As a result, customers ranging from vending machine companies, to operators of micro-markets, gas and car charging stations, laundromats, metered parking terminals, kiosks, amusements and more, can run their businesses more proactively, predictably, and competitively.

Forward-Looking Statements

All statements other than statements of historical fact included in this release, including without limitation the business strategy and the plans and objectives of USAT’s management for future operations, are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. When used in this release, words such as “may,” “could,” “expect,” “intend,” “plan,” “seek,” “anticipate,” “believe,” “estimate,” “predict,” “potential,” “continue,” “likely,” “will,” “would” and variations of these terms and similar expressions, or the negative of these terms or similar expressions, as they relate to USAT or its management, may identify forward-looking statements. Such forward-looking statements are based on the reasonable beliefs of USAT’s management, as well as assumptions made by and information currently available to USAT’s management. Actual results could differ materially from those contemplated by the forward-looking statements as a result of certain factors, including but not limited to the incurrence by USAT of any unanticipated or unusual non-operational expenses which would require us to divert our cash resources from achieving our business plan; the uncertainties associated with COVID-19, including its possible effects on USAT’s operations and the demand for USAT’s products and services; the ability of USAT to retain key customers from whom a significant portion of its revenues is derived; the ability of USAT to compete with its competitors to obtain market share; the ability of USAT to make available and successfully upgrade current customers to new standards and protocols; whether USAT’s existing or anticipated customers purchase, rent or utilize ePort or Seed devices or our other products or services in the future at levels currently anticipated by USAT; or other risks discussed in USAT’s filings with the U.S. Securities and Exchange Commission. Readers are cautioned not to place undue reliance on these forward-looking statements. Any forward-looking statement made by us in this release speaks only as of the date of this release. Unless required by law, USAT does not undertake to release publicly any revisions to these forward-looking statements to reflect future events or circumstances or to reflect the occurrence of unanticipated events. If USAT updates one or more forward-looking statements, no inference should be drawn that USAT will make additional updates with respect to those or other forward-looking statements.

— F-USAT

Media and Investor Relations Contact:

Alicia V. Nieva-Woodgate

USA Technologies

+1 720.445.4220

[email protected]

Investor Relations:

ICR, Inc.

[email protected]

KEYWORDS: Pennsylvania United States North America

INDUSTRY KEYWORDS: Software Other Retail Finance Hardware Banking Professional Services Technology Retail

MEDIA:

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GCI Liberty Announces Agreement to Sell LendingTree Stake

GCI Liberty Announces Agreement to Sell LendingTree Stake

ENGLEWOOD, Colo.–(BUSINESS WIRE)–
GCI Liberty, Inc. (“GCI Liberty”) (Nasdaq: GLIBA, GLIBP) today announced that it has agreed to sell its stake of LendingTree, Inc. (“LendingTree”), and agreed to unwind its forward sale contract on LendingTree shares. The gross proceeds of the sale are expected to be $1,007 million. GCI Liberty intends to use the proceeds from the sale to pay costs related to unwinding the forward sale contract and for other general corporate purposes that could include debt reduction at GCI Liberty and share repurchases post-closing of the planned merger with Liberty Broadband Corporation (“Liberty Broadband”). The closing of the sale of the LendingTree shares is expected to occur on November 18, 2020.

“Doug Lebda and his team have grown LendingTree substantially and positioned the company well for the future of fintech. It has been a wonderful investment since Liberty became direct owners in 2008,” said Greg Maffei, GCI Liberty President and CEO. “Given our substantial return and other objectives we have for GCI Liberty, we felt it was an opportune time to monetize this investment. We wish LendingTree continued success.”

Corporate Update

On August 6, 2020, GCI Liberty and Liberty Broadband announced that they have entered into a definitive merger agreement under which Liberty Broadband has agreed to acquire GCI Liberty in a stock-for-stock merger (the “Combination”). Additional information regarding the Combination can be found in the press release and presentation issued by GCI Liberty on August 6, 2020, which are available at ir.gciliberty.com/index.php/news-releases and www.gciliberty.com/events, respectively, and the definitive merger proxy statement filed on October 30, 2020. GCI Liberty will hold a virtual special meeting of stockholders on December 15, 2020 at 10:30 a.m. (M.S.T.) where stockholders will be asked to consider and vote on proposals related to the Combination.

The closing of the Combination is subject to, among other things, certain regulatory approvals, including transfer of control approval by the Federal Communications Commission (“FCC”), waiting period requirements under the Hart-Scott-Rodino Act (“HSR”) and approval by the Regulatory Commission of Alaska (“RCA”). GCI Liberty and Liberty Broadband filed applications with the RCA on September 16, 2020. The RCA’s approval must become a final order before the Combination can close. The HSR waiting period expired on October 9, 2020. The FCC released public notice of approval of transfer of control on October 23, 2020, which is expected to become a final order on December 2, 2020 (subject to the absence of any applicable challenge). GCI Liberty expects the Combination to close no later than the first quarter of 2021, subject to COVID-19 related delays.

Forward-Looking Statements

This press release includes certain forward-looking statements including, without limitation, statements about the sale of the LendingTree shares and the use of proceeds therefrom and the planned merger with Liberty Broadband. These forward-looking statements involve many risks and uncertainties that could cause actual results to differ materially from those expressed or implied by such statements, including, without limitation, general market conditions and satisfaction of conditions to the planned merger with Liberty Broadband. These forward-looking statements speak only as of the date of this press release, and GCI Liberty expressly disclaims any obligation or undertaking to disseminate any updates or revisions to any forward-looking statement contained herein to reflect any change in GCI Liberty’s expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based. Please refer to the publicly filed documents of GCI Liberty, including its most recent Annual Report on Form 10-K and Quarterly Reports on Form 10-Q, for additional information about the risks and uncertainties related to GCI Liberty which may affect the statements made in this press release.

About GCI Liberty, Inc.

GCI Liberty, Inc. (Nasdaq: GLIBA, GLIBP) operates and owns interests in a broad range of communications businesses. GCI Liberty’s assets consist of its subsidiary GCI Holdings, LLC (“GCI”) and interests in Charter Communications and Liberty Broadband. GCI is Alaska’s largest communications provider, providing data, wireless, video, voice and managed services to consumer and business customers throughout Alaska and nationwide. GCI has delivered services for nearly 40 years to some of the most remote communities and in some of the most challenging conditions in North America.

Additional Information

Nothing in this communication shall constitute a solicitation to buy or an offer to sell securities of Liberty Broadband or GCI Liberty. The offer and sale of shares in the Combination will only be made pursuant to Liberty Broadband’s effective registration statement. Liberty Broadband’s stockholders, GCI Liberty’s stockholders and other investors are urged to read the joint proxy statement/prospectus included in the registration statement on Form S-4 filed regarding the Combination and any other relevant documents filed with the SEC, as well as any amendments or supplements to those documents, because they will contain important information about the Combination. Copies of these SEC filings are available free of charge at the SEC’s website (http://www.sec.gov). Copies of the filings together with the materials incorporated by reference therein are also available, without charge, by directing a request to Liberty Broadband, 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5700 or to GCI Liberty, Inc., 12300 Liberty Boulevard, Englewood, Colorado 80112, Attention: Investor Relations, Telephone: (720) 875-5900.

Participants in the Solicitation

Liberty Broadband and GCI Liberty and their respective directors and executive officers and other persons may be deemed to be participants in the solicitation of proxies in respect of the Combination. Information about Liberty Broadband’s directors and executive officers is available in Liberty Broadband’s definitive proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on April 10, 2020. Information about GCI Liberty’s directors and executive officers is available in GCI Liberty’s definitive proxy statement for its 2020 annual meeting of stockholders, which was filed with the SEC on April 10, 2020. Other information regarding the participants in the proxy solicitation and a description of their direct and indirect interests, by security holdings or otherwise, are contained in the joint proxy statement/prospectus included in the registration statement on Form S-4 filed with the SEC and other relevant materials to be filed with the SEC, as well as any amendments or supplements to those documents, regarding the Combination when they become available. Investors should read the joint proxy statement/prospectus included in the registration statement on Form S-4 carefully before making any voting or investment decisions. You may obtain free copies of these documents from Liberty Broadband and GCI Liberty as indicated above.

GCI Liberty, Inc.

Courtnee Chun, 720-875-5420

KEYWORDS: Alaska Colorado United States North America

INDUSTRY KEYWORDS: Technology Internet Telecommunications

MEDIA:

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Adoption for 8×8 Voice for Microsoft Teams Rising

Adoption for 8×8 Voice for Microsoft Teams Rising

Enterprises Across All Industries Recognizing the Need for Global Telephony Capabilities Seamlessly Integrated with Microsoft Teams without Changing the Employee Experience

CAMPBELL, Calif.–(BUSINESS WIRE)–8×8, Inc. (NYSE: EGHT), a leading integrated cloud communications platform provider, today announced growing adoption for 8×8 Voice for Microsoft Teams, which is successfully delivering an enterprise-class, easy-to-administer global telephony direct routing solution for businesses and organizations while keeping the Microsoft Teams experience unchanged for end users. As Microsoft Teams usage continues to skyrocket around the world, reaching 115 million daily active users in October according to Microsoft, enterprises have recognized the strategic and operational importance to seamlessly integrate it with a single, reliable global voice solution to enable operate-from-anywhere employee and customer communications.

“The very deep integration that 8×8 has developed treats Microsoft Teams as a first-class citizen, and vice versa. There is no bait-and-switch here. 8×8 Voice for Microsoft Teams actually enables and betters a ‘pure’ Microsoft Teams solution,” said Dave Michels, founder and principal analyst at TalkingPointz in a recent report about 8×8 Voice for Microsoft Teams. “8×8’s services are delivered seamlessly and transparently to end users via the Microsoft Teams app. The experience is more seamless than cloud-bot integrations. It even outshines Microsoft’s own UCaaS offer in multiple ways, including reliability, global availability, analytics, and versatility.”

8×8 is seeing strong momentum for 8×8 Voice for Microsoft Teams and:

  • Added hundreds of new customers and tens of thousands of seats across multiple countries in North America, Europe and Asia-Pacific in the last quarter, ending September 30, 2020.
  • Signed new customers including:

    • A UK local district council, providing services and support for more than 120,000 residents as well as businesses and visitors.
    • Case Paper, one of the largest privately-held US distributors and converters of paper and board for the printing and packaging industries.
    • AmerCareRoyal, a US supplier of disposable products used in the food service, janitorial, sanitation, industrial, hospitality and medical industries.
    • Orix Australia, one of the world’s leading fleet management, novated leasing and rental companies in Australia.
  • Recently deployed 8×8 Voice for Microsoft Teams at MSC Mediterranean Shipping Company, a global leader in transportation and logistics and one of the world’s largest shipping lines in terms of container vessel capacity, providing 15,000 employees with a single, global telephony solution with advanced features they can use directly from any Microsoft Teams interface, including desktop and mobile apps.
  • Announced a strategic channel partnership with Pax8, a leading Microsoft supplier to the MSP community.

“Through our strategic partnership with Microsoft, we offer our partner ecosystem education, enablement, and support so they can easily add in-demand solutions and grow and maximize their Microsoft business,” said Ryan Walsh, Chief Product Officer and Channel Chief at Pax8. “Microsoft Teams is a tremendous growth driver for our partners, and 8×8 Voice for Microsoft Teams presents a significant market opportunity for both Pax8 and 8×8 to help empower the modern partner to accelerate business growth and drive revenue.”

8×8 Voice for Microsoft Teams provides direct routing capabilities allowing Microsoft Teams users to make and receive calls on the Public Switched Telephone Network (PSTN) right from the native Teams apps. Leveraging 8×8’s global infrastructure, including regional, Microsoft-certified Session Border Controllers (SBC) across North America, Europe and Asia-Pacific, 8×8 Voice for Microsoft Teams provides organizations with full PSTN replacement and global calling plans in 42 different countries worldwide. Other popular features include:

  • Full-featured, centralized user management interface to synchronize Microsoft Teams users on the 8×8 telephony platform across the organization with a single click.
  • Inbound and outbound calling from/to the PSTN, and to any Microsoft Teams extension.
  • Enterprise calling features, including ring groups, call queues, transfer, voicemail, hold, and cloud call recordings.
  • Global Calling Plans with unlimited calling plans to up to 47 countries, and direct inward dial (DID) and toll free numbers in more than 120 countries.
  • Tight, out-of-the-box integrations with more than 25 third-party business applications, such as Salesforce, Zendesk, NetSuite and Microsoft Dynamics 365, to automatically log all calls with the ability to attach details, recordings and speech analytics to any customer record.
  • Native 8×8 Contact Center support, enabling cross-functional collaboration between agents and functional area experts on Microsoft Teams apps.
  • Comprehensive call recordings, reporting and analytics, including Speech Analytics and Quality Management, across all PSTN calls using the 8×8 communications platform.

“Organizations around the world are rapidly adopting Microsoft Teams for all their employee collaboration requirements. They also realize the importance of integrating it with business-critical solutions and services, such as enterprise applications, contact center, and global telephony,” said Dejan Deklich, Chief Product Officer at 8×8, Inc. “Leveraging the 8×8 Open Communications Platform, and specifically the 8×8 Voice for Microsoft Teams direct routing solution, enables enterprise IT leaders to mix-and-match capabilities, and seamlessly integrate global voice communications into Microsoft Teams workflows, enrich essential business apps with native voice calling, and get deeper insights. This helps organizations meet their unique business needs, allowing employees and customers to stay productive and engaged from anywhere.”

Caution Concerning Forward-Looking Statements

This press release contains forward-looking statements. Readers are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual events or our actual results to differ materially from those expressed in any such forward-looking statements. Readers are directed to 8×8’s periodic and other reports filed with the Securities and Exchange Commission (SEC) for a description of such risks and uncertainties. 8×8 undertakes no obligation to update any forward-looking statements.

About 8×8, Inc.

8×8, Inc. (NYSE: EGHT) is transforming the future of business communications as a leading Software-as-a-Service provider of voice, video, chat, contact center, and enterprise-class API solutions powered by one global cloud communications platform. 8×8 empowers workforces worldwide to connect individuals and teams so they can collaborate faster and work smarter. Real-time business analytics and intelligence provide businesses unique insights across all interactions and channels so they can delight end-customers and accelerate their business. For additional information, visit www.8×8.com, or follow 8×8 on LinkedIn, Twitter and Facebook.

8×8® and 8×8 X Series™ are trademarks of 8×8, Inc.

US Media:

John Sun, 1-408-692-7054

john.sun@8×8.com

UK Media:

Bee Hindocha, 44 (0)20 8059 9230

Bee.hindocha@8×8.com

Investor Relations:

Victoria Hyde-Dunn, 1-669-333-5200

victoria.hyde-dunn@8×8.com

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Data Management Technology VoIP Telecommunications Software Internet

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Phunware to Present at the Virtual Fall Investor Summit on November 18, 2020

Phunware to Present at the Virtual Fall Investor Summit on November 18, 2020

AUSTIN, Texas–(BUSINESS WIRE)–Phunware, Inc. (NASDAQ: PHUN) (“Phunware” or “the Company”) a fully-integrated enterprise cloud platform for mobile that provides products, solutions, data and services for brands worldwide, has been invited to present at the Virtual Fall Investor Summit, on Wednesday, November 18, at 1:30 p.m. Central time.

The presentation will be webcast live and available for replay here. Phunware management will also host one-on-one meetings throughout the conference.

To receive additional information or schedule a one-on-one meeting, please contact Phunware’s IR team at [email protected].

Safe Harbor Clause and Forward-Looking Statements

This press release includes forward-looking statements. All statements other than statements of historical facts contained in this press release, including statements regarding our future results of operations and financial position, business strategy and plans, and our objectives for future operations, are forward-looking statements. The words “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “expose,” “intend,” “may,” “might,” “opportunity,” “plan,” “possible,” “potential,” “predict,” “project,” “should,” “will,” “would” and similar expressions that convey uncertainty of future events or outcomes are intended to identify forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments and their potential effects on us. Future developments affecting us may not be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) and other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements. These risks and uncertainties include, but are not limited to, those factors described under the heading “Risk Factors” in our filings with the Securities and Exchange Commission (SEC), including our reports on Forms 10-K, 10-Q, 8-K and other filings that we make with the SEC from time to time. Should one or more of these risks or uncertainties materialize, or should any of our assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. We undertake no obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. These risks and others described under “Risk Factors” in our SEC filings may not be exhaustive.

By their nature, forward-looking statements involve risks and uncertainties because they relate to events and depend on circumstances that may or may not occur in the future. We caution you that forward-looking statements are not guarantees of future performance and that our actual results of operations, financial condition and liquidity, and developments in the industry in which we operate may differ materially from those made in or suggested by the forward-looking statements contained in this press release. In addition, even if our results or operations, financial condition and liquidity, and developments in the industry in which we operate are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in subsequent periods.

Disclosure Information

Phunware uses and intends to continue to use its Investor Relations website as a means of disclosing material nonpublic information and for complying with its disclosure obligations under Regulation FD. Accordingly, investors should monitor the Company’s Investor Relations website, in addition to following the Company’s press releases, SEC filings, public conference calls, presentations and webcasts.

About Phunware, Inc.

Everything You Need to Succeed on Mobile — Transforming Digital Human Experience

Phunware, Inc. (NASDAQ: PHUN), is the pioneer of Multiscreen-as-a-Service (MaaS), an award-winning, fully integrated enterprise cloud platform for mobile that provides companies the products, solutions, data and services necessary to engage, manage and monetize their mobile application portfolios and audiences globally at scale. Phunware’s Software Development Kits (SDKs) include location-based services, mobile engagement, content management, messaging, advertising, loyalty (PhunCoin & Phun) and analytics, as well as a mobile application framework of pre-integrated iOS and Android software modules for building in-house or channel-based mobile application and vertical solutions. Phunware helps the world’s most respected brands create category-defining mobile experiences, with more than one billion active devices touching its platform each month. For more information about how Phunware is transforming the way consumers and brands interact with mobile in the virtual and physical worlds visit www.phunware.com, www.phuncoin.com, www.phuntoken.com, and follow @phunware, @phuncoin and @phuntoken on all social media platforms.

Investor Relations Contact:

Matt Glover and John Yi

Gateway Investor Relations

Email: [email protected]

Phone: (949) 574-3860

PR & Media Inquiries:

Email: [email protected]

Phone: (512) 693-4199

KEYWORDS: Texas United States North America

INDUSTRY KEYWORDS: Technology Mobile/Wireless Finance Banking Professional Services Software Networks Internet Data Management

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Badger Technologies Collaborates with STCR to Drive Rapid Adoption of Autonomous Robots by Independent Grocers

Badger Technologies Collaborates with STCR to Drive Rapid Adoption of Autonomous Robots by Independent Grocers

In-Store, Multipurpose Robots Complement STCR’s Suite of Smart Retail Tech Solutions

NICHOLASVILLE, Ky.–(BUSINESS WIRE)–Badger Technologies, a product division of Jabil, is teaming up with STCR, Inc., a leading provider of advanced retail point of sale (POS) and self-checkout solutions, to increase the momentum of multipurpose robot rollouts by independent and regional grocers around the world. This collaboration will speed deployments of Badger Technologies® autonomous robots to address critical out-of-stock, price integrity, planogram compliance and other operational inefficiencies.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20201117005418/en/

Badger Retail InSight scanning store shelves. (Photo: Business Wire)

Badger Retail InSight scanning store shelves. (Photo: Business Wire)

“Our mission is to bring much-needed retail automation to the independent and regional grocer, empowering them to run their stores more efficiently while competing more effectively with the largest supermarket chains,” said Farrell McKenna, GM of STCR, Inc. “Adding Badger Technologies autonomous robots to our portfolio was a no-brainer, as they complement our existing solutions and extend the amount of actionable data and insights we can offer our grocery customers.”

For over a half-century, STCR has aided hundreds of independent and regional grocers in the selection, implementation and support of innovative retail systems to improve operations and shopping experiences. The addition of Badger Technologies autonomous robots to the company’s portfolio of retail tech innovations is designed to streamline and automate critical store operations.

“There’s been a major groundswell of demand for in-store robots to help grocery staff keep stores safe and shelves fully stocked, especially during COVID-19,” said Tim Rowland, CEO of Badger Technologies. “Working with STCR enables us to accelerate deployments while ensuring independent and regional grocers can provide their local communities with highly personalized customer service.”

STCR is working with Badger Technologies to expand implementations of its multipurpose robotic lineup, which includes:

  • Badger™ Retail InSight—This autonomous robot identifies missing, mispriced and misplaced products. In addition to performing shelf scans in hours instead of days, this robot provides precise product location data within a four-foot section of store aisles.
  • Badger™ Retail InSpect—This hazard-detection robot traverses store aisles looking for liquid, powder and bulk-food spills and debris. Real-time hazard alerts mitigate risks while keeping stores cleaner and safer for shoppers.
  • Badger™ Retail InForm—This combination robot integrates hazard-detection and shelf-scanning capabilities to provide grocers with elevated inventory management and store safety capabilities.

Robots Bolster Grocers’ COVID-19 Response

STCR and Badger Technologies also are focused on helping grocers respond to continuing pressures placed on the retail industry during COVID-19. The ability to integrate robot-collected data with mobile shopping applications ensures shoppers, store associates and online order pickers can find what they’re looking for quickly. Additionally, the ability to generate real-time stocking reports on the most popular items ensures shelves are stocked more frequently throughout the day.

Woodman’s Markets, an independent, employee-owned grocer with 18 stores throughout Wisconsin and Illinois, is relying on Badger Technologies autonomous robots to better support its customers, especially during the pandemic. “We’re using real-time trending data gathered by our robots to better forecast and manage commodities and vendors with frequent stock issues, which escalated during COVID-19,” said Tyler Davis, IT Project Coordinator for Woodman’s Markets. “We’re also using highly accurate pricing data produced by the robots to prioritize replenishment on behalf of our customers.”

To date, more than 500 Badger Technologies autonomous robots have been deployed throughout the United States, Australia and New Zealand while 15 pilot deployments are currently underway.

About Badger Technologies

Badger Technologies is a product division of Jabil (NYSE: JBL), a manufacturing solutions provider that delivers comprehensive design, manufacturing, supply chain and product management services. Badger Technologies® retail automation solutions feature autonomous robots that capture and share valuable data designed to improve operations and financial performance. Retail robots automate hazard detection and expedite issues resolution while addressing a host of inventory and data disconnects to improve profitability and shopping experiences. Badger Technologies also has developed an autonomous robot for the security guard industry to elevate security workforce management efficiencies.

Sue Hetzel/HetzelMeade Communications, Inc.

[email protected]

760.473.4729

KEYWORDS: Kentucky United States North America

INDUSTRY KEYWORDS: Other Manufacturing Technology Other Technology Supermarket Manufacturing Software Food/Beverage Retail Supply Chain Management

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Badger Retail InSight scanning store shelves. (Photo: Business Wire)
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LiveRamp and Kinetiq Partner to Strengthen TV Analytics

LiveRamp and Kinetiq Partner to Strengthen TV Analytics

Best-in-class ad capture delivers comprehensive measurement and reporting

SAN FRANCISCO–(BUSINESS WIRE)–
Leading data connectivity platform LiveRamp® (NYSE: RAMP) and Kinetiq, the first and only scalable solution to unify paid, earned and owned TV impressions at the household level, today announced a new partnership to streamline measurement of all TV ad exposures across traditionally siloed channels. Now, advertisers can finally capture a holistic view of their TV investments across all screens and all streams.

TV measurement often lacks speed and agility, facing gaps in coverage, exclusion of advanced ad formats, and inaccurate auditing of exposure data across platforms resulting in complexities. By leveraging Kinetiq’s industry-leading ad catalog of 2,600 TV stations across more than 85 countries, LiveRamp—through its Data Plus Math TV measurement solution—can more accurately tie cross-screen ad exposure data to outcomes to perform better, more comprehensive measurement and reporting.

“Through these enhanced analytics capabilities, TV marketers and media owners no longer have to concede to blind spots when evaluating the value and impact of their expenditures,” said John Hoctor, GM of LiveRamp TV. “As viewership continues to fragment throughout the rapidly changing TV landscape, the value of cross-screen measurement and reporting increases tenfold. Access to Kinetiq’s intelligence platform allows us to connect the highest quantities of data with the agility and foresight necessary to deliver across any screen, be it linear, digital, streaming or beyond.”

Capturing TV ad exposures across all formats, lengths and language variations, Kinetiq enables Data Plus Math to connect impressions to other data sources in order to determine ROI, access historic ad placement performance, and optimize future TV and digital buys. LiveRamp customers can leverage this partnership to map viewers’ ad exposure to actual purchases, store visits, app downloads and other online or offline events, and ultimately gain more robust, accurate and actionable insights about TV audiences at scale.

“Working with LiveRamp, we aim to redefine the TV attribution model so brands, MVPDs and programmers can finally measure the full value of their marketing,” added Kevin Kohn, CEO at Kinetiq. “Paid attribution is only one part of that equation. We look forward to expanding our partnership to include attribution for TV sponsorships, earned media and product placements—forever changing TV attribution for the industry.”

LiveRamp continues to innovate in the TV marketplace by forging key partnerships, including a strategic collaboration with Comscore to improve addressable TV activation and cross-platform video measurement across the ecosystem. The combination of Kinetiq’s vast ad coverage, customer-provided post logs, and Comscore’s enhanced viewership data gives Data Plus Math a robust foundation built on the largest TV data source with best-in-class ad harvesting capabilities. In continuing to build the bridge between traditional and new-age solutions, LiveRamp is ushering clients into the next generation of TV.

To learn more about LiveRamp’s partnership with Kinetiq, read the blog post here.

About LiveRamp

LiveRamp is the leading data connectivity platform for the safe and effective use of data. Powered by core identity resolution capabilities and an unparalleled network, LiveRamp enables companies and their partners to better connect, control, and activate data to transform customer experiences and generate more valuable business outcomes. LiveRamp’s fully interoperable and neutral infrastructure delivers end-to-end addressability for the world’s top brands, agencies, and publishers. For more information, visit www.LiveRamp.com.

Media Contact:

Michelle Millsap on behalf of LiveRamp

[email protected]

619-857-2384

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Software Other Communications TV and Radio Advertising Data Management Communications Technology Entertainment

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Fisker Inc. to Participate in Upcoming Barclays Global Automotive Virtual Conference

Fisker Inc. to Participate in Upcoming Barclays Global Automotive Virtual Conference

LOS ANGELES–(BUSINESS WIRE)–Fisker Inc. (NYSE: FSR) (“Fisker”) – designer and manufacturer of the world’s most emotionally desirable, eco-friendly electric vehicles and advanced mobility solutions – today announced that Henrik Fisker, chairman and chief executive officer of Fisker, will participate in the Barclays Global Automotive Virtual Conference.

Mr. Fisker’s “Fireside Chat” will take place Wednesday, Nov. 18, 2020 from 12:10 p.m. ET to 12:45 p.m. ET and will be webcasted. To register for and access the event, please click here.

About Fisker Inc.

California-based Fisker Inc. is revolutionizing the automotive industry by developing the most emotionally desirable and eco-friendly electric vehicles on Earth. Passionately driven by a vision of a clean future for all, the company is on a mission to become the No. 1 e-mobility service provider with the world’s most sustainable vehicles. To learn more, visit www.FiskerInc.com – and enjoy exclusive content across Fisker’s social media channels: Facebook, Instagram, Twitter, YouTube and LinkedIn. Download the revolutionary new Fisker mobile app from the App Store or Google Play store.

Forward Looking Statements

This press release includes forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as “feel,” “believes,” expects,” “estimates,” “projects,” “intends,” “should,” “is to be,” or the negative of such terms, or other comparable terminology. Forward-looking statements are statements that are not historical facts. Such forward-looking statements are not guarantees of future performance and are subject to risks and uncertainties, which could cause actual results to differ materially from the forward-looking statements contained herein due to many factors, including, but not limited to: Fisker’s limited operating history; Fisker’s ability to enter into platform and manufacturing contracts with Magna International Inc., or other OEMs or tier-one suppliers in order to execute on its business plan; Fisker’s ability to execute its business model, including market acceptance of its planned products and services; Fisker’s inability to retain key personnel and to hire additional personnel; competition in the electric vehicle market; Fisker’s inability to develop a sales distribution network; and the ability to protect its intellectual property rights. Any forward-looking statements speak only as of the date on which they are made, and Fisker undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date of this press release.

Fisker Inc.

Dan Galves, VP, Investor Relations

[email protected]

[email protected]

Simon Sproule, VP, Communications

310.374.6177

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Automotive General Automotive Automotive Manufacturing Environment Manufacturing Alternative Vehicles/Fuels

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Netcapital Inc. Portfolio Company ChipBrain Successfully Completes Digital Capital Raise, Paving The Way For Its Next Phase of Growth

Netcapital Inc. Portfolio Company ChipBrain Successfully Completes Digital Capital Raise, Paving The Way For Its Next Phase of Growth

  • ChipBrain empowers business communication with emotionally intelligent AI
  • The company’s machine learning models outperform state-of-the-art emotion prediction and sentiment analysis models
  • Pilot launch with customers across key industries – December 2020
  • Large-scale launch of subscription model capable of fully integrating with communication and CRM platforms – Mid 2021

BOSTON–(BUSINESS WIRE)–
Netcapital Inc. (OTC: VSTRD) announced that portfolio company ChipBrain’s Netcapital.com offering generated overwhelming investor interest, propelling the innovative AI start-up to reach the maximum capital threshold rapidly, resulting in an early close and paving the way for the company’s next phase of growth. ChipBrain has built an emotionally intelligent AI platform that empowers sales professionals by turning conversation data into business insights, leading to increased success rates. In addition to the company’s impressive digital capital raise, ChipBrain has made significant progress on key initiatives.

ChipBrain’s Machine Learning Models are Outperforming State-of-the-Art Emotion Prediction Models

ChipBrain’s team of Harvard and MIT engineers leveraged cutting-edge research to create the company’s machine learning models. ChipBrain’s technology automatically analyzes business calls to generate actionable insights. For example, to increase upselling opportunities, early pilot customers used ChipBrain on hundreds of sales calls to understand which sales reps best build rapport with customers and which reps need improvement. ChipBrain’s models have demonstrated impressive results, outperforming state-of-the-art emotion prediction and sentiment analysis models in sales and customer service conversations.

ChipBrain to Launch Pilot Program with Several Companies this December, Expects Full-Scale Subscription Model Launch in Mid 2021

This December, ChipBrain will launch its pilot program with companies across a number of industries including healthcare, fintech, real estate and advertising.

ChipBrain plans a full-scale launch of its self-serve subscription platform by mid 2021. This advanced model will have the capability to integrate with communication platforms like Zoom, as well as traditional phone calls. It will also seamlessly integrate with a broad spectrum of customer relationship management systems (CRMs), such as Salesforce and HubSpot.

“Our team could not be happier about the success of our capital raise and the tremendous progress we’ve made,” said Lisa Vo, ChipBrain Co-Founder and CEO. “We want to thank Netcapital Advisors’ incredible team for their support and help. From providing strategic advice to executing our digital marketing campaign, Netcapital Advisors has invested in our success. We look forward to continuing to build on our fruitful partnership to accelerate the realization of our vision for ChipBrain.”

“ChipBrain’s technology extends cutting-edge research from the Massachusetts Institute of Technology (MIT). Netcapital Advisors was instrumental in transforming our research technology and deep learning innovations into a business. It’s a good thing we secured funding ahead of schedule because we’re growing quickly. We’re excited to work with Netcapital Advisors on our next stages of growth,” said Curtis Northcutt, ChipBrain Co-Founder and CTO, whose PhD thesis at MIT focuses on augmenting human intelligence using machine learning.

“We congratulate ChipBrain on reaching a number of exciting milestones and continuing to build on its strong momentum,” commented Cecilia Lenk, Netcapital Inc. CEO. “ChipBrain’s disruptive AI technology has the potential to transform sales teams and capture a significant market opportunity. We’re pleased to be able to continue our work with ChipBrain’s talented team to help advance the company’s next stages of growth. We’re very optimistic about what the future holds for ChipBrain.”

About ChipBrain:

ChipBrain’s mission is to empower communicators with augmented persuasion capabilities.ChipBrain’s first product leverages recent advances in deep neural technologies to assess the changing emotional state of customers and provide real-time coaching to sales professionals during client calls. Over time, ChipBrain’s adaptive intelligence platform provides messaging recommendations tailored to each product, customer, and company. Effective communicators close more deals and ChipBrain enhances critical communication skills. To learn more, please visit https://chipbrain.com/.

About Netcapital Inc.:

Netcapital Inc. is a publicly traded fintech company dedicated to democratizing private capital markets and empowering entrepreneurs to succeed. We help companies at all stages to build, grow and fund their businesses with a full range of services from strategic advice to raising capital. Our online private investment platform, Netcapital.com, employs powerful and scalable technology that connects entrepreneurs and investors, enabling companies to raise capital digitally. Netcapital.com provides investor access to pre-IPO investment opportunities as well as potential liquidity in privately held shares via its Secondary Transfer Platform. Netcapital Advisors, our team of professional investors and digital marketing experts, offers deep expertise across a range of verticals including biotechnology, technology and public policy. Netcapital Advisors has a strong track record of facilitating successful fundraising campaigns by leveraging its unique experience in digital capital raises as well as its extensive network of institutional and accredited investors. The company also acts as an incubator and accelerator, taking equity stakes in select disruptive start-ups. To learn more about how Netcapital Inc. can help your business please visit our website at https://NetcapitalInc.com.

The Netcapital funding portal is registered with the U.S. Securities & Exchange Commission (SEC) and is a member of the Financial Industry Regulatory Authority (FINRA), a registered national securities association. For more information, please visit https://netcapital.com.

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future.

Netcapital Inc.:

Coreen Kraysler, CFA

CFO

781-925-1700

[email protected]

Callie Gauzer, MSIM, CAIA

Director, Investor Relations

781-925-1700

[email protected]

KEYWORDS: Massachusetts United States North America

INDUSTRY KEYWORDS: Professional Services Data Management Technology Other Technology Software Finance Banking

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