Market Newsdesk

BUFFALO, N.Y., Jan. 21, 2025 (GLOBE NEWSWIRE) — ACV (Nasdaq: ACVA), the leading digital automotive marketplace and data services partner for dealers and commercial partners, will arrive at the 2025 National Automobile Dealers Association (NADA) Show in New Orleans poised to reshape inventory acquisition, management, appraisals, and dealership operations to help attendees boost efficiency and profitability.

ACV’s data, fueled by millions of used vehicle inspections and transactions from its dynamic digital marketplace, is transforming the way dealers do business—expanding its solutions beyond wholesale operations. From leveraging the service drive for consumer vehicle acquisition to optimizing wholesale operations with real-time pricing and inventory insights, ACV’s team looks forward to engaging with dealers and commercial partners to create solutions that will address their most critical business needs.

ACV AI introduces the future of automotive


This year’s booth (#1901) will give attendees insight into how ACV’s deep moat of high-quality, structured data and AI capabilities are shaping the future of the automotive industry. ACV is showcasing its offerings and featured technologies to empower dealers to solve two key challenges: more effectively acquiring inventory from consumers and streamlining dealership operations.

• ACV’s leading vehicle appraisal and valuation suite, ClearCar, now contains QuickQuote. This new offering provides more flexibility for sourcing consumer leads and inventory acquisition. It leverages ACV’s real-time marketplace data to capture customer inquiries and immediately turn them into actionable inventory opportunities.
• ACV MAX now features ACV MAX Appraisal, an appraisal-only option, powered by real-time, market-based data to deliver unmatched precision and confidence in vehicle appraisals. This lighter solution responds to dealer feedback, offering the same accuracy as the ACV MAX Inventory Management Platform in an appraisal-only format. The company’s full-service inventory management offering, ACV MAXInventory Management Platform, offers a robust set of tools designed to leverage inventory insights to manage current stock, merchandise vehicles, and appraise with ease and precision. Now turbocharged with data from ACV Auctions’ vibrant 24-hour digital marketplace, no other inventory management offering has more real-time insights.
• ACV Auctions will introduce new tools and enhancements that simplify buying and selling vehicles, saving dealers valuable time. Buyers now benefit from package codes and enriched vehicle descriptions on late-model vehicles, rental cars from leading rental car companies with warranties, and improved Stockwave integration for easier inventory search. Sellers can schedule auctions, manage offers directly in the app, and utilize the new “Low Reserve” badge feature to boost visibility and mid-auction reserve removal to drive sales success. These updates streamline operations and give dealers an edge.
• Ship any vehicle anywhere, regardless of its purchase location, with ACV Transport. With instant, competitive nationwide quotes, protection against damage or fraud plus smart bundling options for multiple vehicles, dealers can buy quickly and confidently from any lane—digitally or in-person. One-click ordering makes the process simple and quick, and ACV manages every problem, delay, cancellation, dry run, and more so dealers can focus on their businesses instead of logistics.
• ACV Capital is a full financing service provider, offering dealers fast, flexible, and transparent solutions to help maximize their purchasing power. Whether buying inventory online or at physical auction locations across the country, ACV Capital offers dealers an option to finance with the confidence of no hidden fees.

NADA Educational Workshop with Kraig Quisenberry


On Saturday, January 25, at 3:30 p.m. CT, ACV Vice President of Strategic Accounts, Kraig Quisenberry, will host an interactive workshop on the Variable Operations track: “Regain Control of Your Profits.” As a former dealer with 40 years of automotive experience, Quisenberry will share strategies to unlock profits in the service center, tools to make every auto technician an expert on every vehicle and make vehicle inspections and appraisals faster and more accurate. Dealers will take away methods to completely transform their dealerships into agile, customer-centric enterprises poised for long-term success.

Third Annual Exhibitor Pitch Competition featuring Maggie Donnelly


After a competitive first-round video submission, ACV Research Engineer, Maggie Donnelly, will step into the spotlight on the Main Stage for the popular Shark Tank-style Exhibitor Pitch Competition. On Friday, January 24 at 11:00 a.m., she will deliver a two-minute, live pitch about how ACV AI can help dealers standardize their appraisal process, assist in the service bay, auction lane or any lot they travel to, to a panel of automotive expert judges followed by a lively Q&A. If Maggie is selected as the winner, she will present a 20-minute workshop on ACV AI, how it works and why it’s helping dealers succeed on the Main Stage.

ACV TEC Talks


Throughout the show, ACV will continue its series of TEC (Technology, Education, Community) Talks on stage at booth 1901, where industry experts will share the latest data insights to help dealers thrive. Talks with automotive thought leaders and dealer partners will cover everything from precision pricing to consumer acquisition to AI-powered appraisals.

“We can’t wait to reconnect with our dealer and commercial partners at this year’s NADA Show,” said ACV CEO, George Chamoun. “As 2025 unfolds with evolving market conditions and increasing new vehicle inventory, it’s more critical than ever for dealers to excel in sourcing and selling used vehicles. AI is impacting every industry, and automotive is no exception. Thanks to our meticulous, industry-leading inspections, ACV has cultivated a structured library of data to master the power of AI when it comes to vehicle remarketing. Our TEC Talks and live demonstrations showcase how these cutting-edge solutions can help our partners make smarter decisions with greater efficiency resulting in higher profits. We’re committed to helping our partners thrive in 2025 and shape the future of automotive together.”

Sign-up today to schedule a meeting on a specific topic or for a general ACV capabilities overview at https://www.acvauctions.com/nada.

Learn more about ACV’s product offerings at www.acvauto.com and meet in-person at the ACV booth (#1901) at the New Orleans Convention Center, January 24–26.

About ACV


ACV is on a mission to transform the automotive industry by building the most trusted and efficient digital marketplace and data solutions for sourcing, selling and managing used vehicles with transparency and comprehensive insights that were once unimaginable.

ACV offerings include ACV Auctions, ACV Transportation, ACV Capital, MAX Digital, True360, and ClearCar. For more information about ACV, visit www.acvauto.com.

Trademark reference: ACV, the ACV logo, and ClearCar are registered trademarks or trademarks of ACV Auctions, Inc. or its affiliates in the United States and/or other countries. All other trademarks referenced herein are the property of their respective owners
.

Media Contact:

Maura Duggan
[email protected]

NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) — Cell BioEngines, Inc. (“Cell BioEngines” or the “Company”), a clinical-stage biotechnology company developing a universal ‘plug-and-play’ allogeneic stem cell therapy platform and a portfolio of ‘off-the-shelf’ cell therapies for the treatment of hematologic and solid tumor malignancies, announced today that it has signed a new lab lease at the Center for Engineering and Precision Medicine (CEPM), launched by the Rensselaer Polytechnic Institute and the Icahn School of Medicine at Mount Sinai, starting May 1^st. This new space will allow the Company to expand its internal R&D efforts by utilizing the cutting-edge resources that the CEPM facilities offer to further develop its platform technologies and advance its pipeline of innovative cell therapy product candidates. The decision to join the CEPM community builds upon the pre-existing relationship between the Company and Mount Sinai and further strengthens Cell BioEngines’ commitment to the New York City area.

“The decision to establish our presence in CEPM, is a strategic move for Cell BioEngines. It gives us access to a collaborative, complementary group of researchers and core facilities to support the further development of our platform technologies and therapeutic pipeline, opening opportunities for new translational programs in both immune-engineering and regenerative medicine. Our decision is also very timely as the city’s strategy to emerge from the pandemic stronger has sparked remarkable innovation in New York’s biotech and life sciences sector, particularly through advancements in real estate and workforce development. This is a promising sign of growth when considering our expansion efforts. And not to forget, New York is an ideal location for meeting potential partners, accessing a diverse talent pool, and tapping into a broader market—all of which are crucial for the growth of an early-stage company like ours,” said Dr. Ajay Vishwakarma, CEO and Founder of Cell BioEngines.

“CEPM represents a unique state-of-the-art public-private ecosystem designed to support growth and innovation by using engineering and advanced computing to rapidly move forward biomedical and life sciences startups and early-stage companies like Cell BioEngines that are creating the future of medicine. Cell BioEngines is an excellent fit with our research and development foci in regenerative and reparative medicine, immuno-engineering and neuromodulation, and we welcome them into our space. We are looking forward to supporting their needs through collaboration, availability of high-end equipment for advanced manufacturing and quality control, education and workforce development programs,” said Deepak Vashishth, Ph.D., Co-Director of CEPM.

Cell BioEngines will join a list of growing, innovative biotechnology companies at CEPM’s 23,000 square foot facility. The collaborative center continues the longstanding relationship between Rensselaer and Mount Sinai researchers in the field of precision medicine. Additionally, the center will be home to a new doctoral program administered by both RPI and Mount Sinai, allowing Cell BioEngines to leverage the next generation of scientists and entrepreneurs and gain excess to vast clinical expertise and resources at Mount Sinai.

Thomas Burrus, JLL Associate Vice President and member of the firm’s New York City Life Science team, represented Cell BioEngines in arranging its lease. Mr. Burrus added, “I’m excited to support Cell BioEngines’ growth through relocation to a prime Life Science space that offers an exceptional environment for growing companies. With its focus on cell therapy, Cell BioEngines will be surrounded by potential partners and leading research institutions and positioned to build strong partnerships that fully tap into the dynamic New York market.”

About Cell BioEngines

Cell BioEngines is a clinical-stage biotech company focused on developing allogeneic ‘off-the-shelf’ stem cells and stem-cell derivatives as therapies for human disease treatment. Founded in 2022 by Dr. Ajay Vishwakarma and Dr. Alexey Bersenev and backed by SOSV and part of the IndieBio Class cohort 6, the company has a ‘plug-and-play’ stem cell platform to address donor source availability, cellular potency and scaling complexities in producing clinical-grade cell products. Its lead product is currently in Phase 1 trials for the treatment of hematologic malignancies with several preclinical assets in the pipeline focused on solid tumor malignancies. For more information about Cell BioEngines and to get the latest company developments, please visit www.cellbioengines.com.

About CEPM

The Center for Engineering and Precision Medicine (CEPM), created in 2022, is a joint center developed by the Icahn School of Medicine at Mount Sinai and Rensselaer Polytechnic Institute. RPI and Icahn Mount Sinai recently announced a joint Ph.D. program in health sciences engineering beginning in the fall semester of 2025. The Center is located at 916 West 54^th Street in midtown Manhattan and hosts over 23,000 square feet of wet and lab dry space. The shared space will foster education, training, and collaboration, all aimed at enhancing human health. For more information about CEPM, please visit https://cepmresearch.org/.

About JLL

For over 200 years, JLL (NYSE: JLL), a prominent global leader in commercial real estate and investment management, has supported clients in acquiring, developing, managing, and investing in a wide range of commercial, industrial, hospitality, residential, and retail properties. As a Fortune 500® company with annual revenues of $20.8 billion and operations across more than 80 countries, JLL employs over 111,000 professionals who leverage a global platform alongside local expertise. Guided by our commitment to shaping the future of real estate for a better world, we help our clients, employees, and communities discover a brighter way forward. JLL is the trademarked name of Jones Lang LaSalle Incorporated. For more information, visit jll.com.

Contact

Brett Schrand, PhD
VP, Translational Medicine
Cell BioEngines, Inc
[email protected]

Shareholders to Vote on a Proposal to Reincorporate the Company in Delaware

Reaffirms Commitment to Maintaining Headquarters and Operations in South Dakota

BROOKINGS, S.D., Jan. 21, 2025 (GLOBE NEWSWIRE) — Daktronics, Inc. (“Daktronics,” the “Company,” “we” or “us”) (NASDAQ-DAKT), the leading U.S.-based designer and manufacturer of best-in-class dynamic video communication displays and control systems for customers worldwide, today announced that the Company has filed a preliminary proxy statement and plans to hold a special meeting of shareholders (the “Special Meeting”) to consider and vote upon a proposal to change the Company’s jurisdiction of incorporation from South Dakota to Delaware.

“We are proud of our long history in South Dakota and remain committed to maintaining our headquarters and operations in the state,” said Reece Kurtenbach, Daktronics’ Chairman, President and Chief Executive Officer. “As our business has grown and become more complex, we have come to recognize the importance of evolving our corporate governance structure. Delaware is the legal domicile for most large, publicly traded companies, and its corporate law is well understood, clear and predictable and provides strong shareholder rights and protections. We believe changing our legal domicile to Delaware – without making any other structural changes to our employee base, facilities, operations or commitments to our communities – supports our ongoing business transformation plan and enables us to enhance the rights of our shareholders while continuing to benefit from the exemplary work ethic and ingenuity of our South Dakota employees.”

Reincorporation will provide an opportunity for the Company to make corporate governance enhancements – including a majority voting standard for uncontested director elections, proxy access and a conventional, statutory voting system for director elections – which will ensure holders of the majority of shares are able to elect a cohesive Board of Directors and eliminate the risk that a minority group of shareholders can hand-pick a faction of directors they believe will represent their particular interests.

South Dakota has been Daktronics’ home since 1968, when the Company was founded by Drs. Aelred Kurtenbach and Duane Sander, two professors at South Dakota State University, to capitalize on engineering talent graduating in South Dakota. The Company has its roots in this mission, and Daktronics’ growth from a small, local company to a world leader in the display industry has been fueled primarily by this talent pool as it has expanded into the global marketplace.

Today, more than half of the Company’s nearly 3,000 employees work in South Dakota. Daktronics proudly ranks among South Dakota’s largest employers and intends to continue to invest in its people and communities to maintain its strong presence in the state.

Mr. Kurtenbach added, “While Daktronics’ legal jurisdiction may change, our home will not. Our corporate headquarters, along with important manufacturing, engineering, sales and service facilities and the vast majority of our employees, will remain in South Dakota, where we have been for more than 50 years.”

Further details about the Special Meeting will be included in the Company’s definitive proxy materials to be distributed to all shareholders eligible to vote at the Special Meeting. The Company encourages all shareholders to carefully review those materials when they are available.

If you have any questions or require any assistance with voting your shares, please contact our proxy solicitor, Alliance Advisors, LLC, at (833) 215-7293 or [email protected].

About Daktronics

Daktronics has strong leadership positions in, and is the world’s largest supplier of, large-screen video displays, electronic scoreboards, LED text and graphics displays, and related control systems. The Company excels in the control of display systems, including those that require integration of multiple complex displays showing real-time information, graphics, animation, and video. Daktronics designs, manufactures, markets and services display systems for customers around the world in four domestic business units: Live Events, Commercial, High School Park and Recreation, and Transportation, and one International business unit. For more information, visit the Company’s website at: www.daktronics.com.

Safe Harbor Statement

Cautionary Notice: In addition to statements of historical fact, this news release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and is intended to enjoy the protection of that Act. These forward-looking statements reflect the Company’s expectations or beliefs concerning future events. The Company cautions that these and similar statements involve risk and uncertainties which could cause actual results to differ materially from our expectations, including, but not limited to, changes in economic and market conditions, management of growth, timing and magnitude of future contracts and orders, fluctuations in margins, the introduction of new products and technology, the impact of adverse weather conditions, increased regulation, and other risks described in the Company’s filings with the U.S. Securities and Exchange Commission (the “SEC”), including its Annual Report on Form 10-K for its 2024 fiscal year. Forward-looking statements are made in the context of information available as of the date stated. The Company undertakes no obligation to update or revise such statements to reflect new circumstances or unanticipated events as they occur.

Important Additional Information

The Company intends to file a definitive proxy statement (the “Proxy Statement”) and a proxy card with the SEC in connection with the solicitation of proxies for a Special Meeting of Shareholders of the Company (the “Special Meeting”). SHAREHOLDERS OF THE COMPANY ARE STRONGLY ENCOURAGED TO READ THE PROXY STATEMENT, ACCOMPANYING PROXY CARD, AND ALL OTHER DOCUMENTS FILED WITH, OR FURNISHED TO, THE SEC CAREFULLY AND IN THEIR ENTIRETY WHEN THEY BECOME AVAILABLE BECAUSE THEY WILL CONTAIN IMPORTANT INFORMATION ABOUT THE SPECIAL MEETING. Shareholders will be able to obtain the Proxy Statement, any amendments or supplements to the Proxy Statement, and other documents filed by the Company with the SEC at no charge at the SEC’s website at www.sec.gov. Copies will also be available at no charge at the Company’s website at https://investor.daktronics.com/.

Participant Information

The Company, its directors, and certain of its executive officers (as set forth below) are deemed to be “participants” (as defined in Section 14(a) of the Securities Exchange Act of 1934, as amended) in the solicitation of proxies from the Company’s shareholders in connection with the matters to be considered at the Special Meeting. Information about the compensation of our named executive officers and our independent directors is set forth in the sections titled “Executive Compensation” and “Fiscal Year 2024 Director Compensation” in the Company’s definitive proxy statement on Schedule 14A for the Company’s 2024 Annual Meeting of Shareholders, filed on August 5, 2024 (the “2024 Definitive Proxy”), commencing on pages 23 and 16, respectively, and is available here. Information regarding the participants’ holdings of the Company’s securities can be found in the section titled “Security Ownership of Certain Beneficial Owners and Management” in the 2024 Definitive Proxy commencing on page 4 and is available here, and as updated in the filings referenced in the table below. Supplemental information regarding the holdings of the Company’s securities can be found in the SEC filings on Forms 3 and 4, and as referenced in the table below, and such filings are available on the Company’s website at https://investor.daktronics.com/ or through the SEC’s website at www.sec.gov. Updated information regarding the identity of potential participants, and their direct or indirect interests, by security holdings or otherwise, will be set forth in the section titled “Security Ownership of Certain Beneficial Owners and Management” of the Proxy Statement and other materials to be filed with the SEC in connection with the Special Meeting.

For more information contact:

INVESTOR RELATIONS:
Sheila M. Anderson, Chief Financial Officer
Tel (605) 692-0200
[email protected]

Alliance Advisors IR
Carolyn Capaccio / Jody Burfening
[email protected]

MEDIA:
Gagnier Communications
Riyaz Lalani / Lindsay Barber
[email protected]

NEW YORK, Jan. 21, 2025 (GLOBE NEWSWIRE) — Critical Metals Corp. (Nasdaq: CRML) (“Critical Metals Corp”), a leading mining development company focused on critical metals and minerals and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners through its Tanbreez Greenland Rare Earth Mine and Wolfsberg Lithium Project, today announced its Board of Directors has approved a comprehensive bitcoin (“BTC”) treasury strategy, adopting BTC as a primary asset in its treasury program.

As part of the convertible note financing, led by JBA Asset Management, Critical Metals Corp may have access up to $500 million to purchase BTC subject to the conditions of the Transaction Documents, with $100 million closing in the first tranche, which may be used to purchase BTC, subject to certain conditions being met. The $100 million first tranche was issued with 100% warrant coverage and subsequent tranches totaling up to $400 million at the Buyers discretion will have 50% warrant coverage. This makes Critical Metals Corp the first Nasdaq-listed critical minerals companies to adopt bitcoin as a primary treasury reserve asset.

The convertible notes are primarily secured by the cash raised and any potential BTC purchased in connection with the financing. The notes are convertible into common stock of the company at a fixed conversion price of $6.00 per share and the warrants are convertible at $7.00.

Tony Sage, Executive Chairman and CEO of Critical Metals Corp., commented, “Incorporating a bitcoin allocation to our treasury management strategy is an innovative approach that we believe will strengthen our balance sheet and create long term shareholder value. As the first Nasdaq-listed critical minerals companies to adopt a bitcoin treasury strategy, we believe this approach provides both inflation protection and appreciation potential without dilution risk. This strategy aligns with broader western government initiatives around bitcoin adoption, including President Trump’s recent advocacy for a national bitcoin stockpile. As a key supplier of critical minerals to western nations, our bitcoin treasury strategy further strengthens our position as a reliable partner in secure supply chains, while protecting our balance sheet from currency debasement risks.”

Critical Metals Corp’s bitcoin acquisition strategy will be implemented through a disciplined approach guided by market dynamics and the Company’s cash flow requirements. The Company maintains flexibility to modify its approach based on evolving circumstances and strategic considerations.

Advisors

Cohen & Company Capital Markets, a division of J.V.B. Financial Group, LLC, and Jett Capital Advisors, LLC acted as financial advisor to Critical Metals in the Transaction. Sichenzia Ross Ference Carmel LLP acted as counsel to Critical Metals in the transaction.

About Critical Metals Corp.

Critical Metals Corp (Nasdaq: CRML) is a leading mining development company focused on critical metals and minerals, and producing strategic products essential to electrification and next generation technologies for Europe and its western world partners. Its initial flagship asset is the Wolfsberg Lithium Project located in Carinthia, 270 km south of Vienna, Austria. The Wolfsberg Lithium Project is the first fully permitted mine in Europe and is strategically located with access to established road and rail infrastructure and is expected to be the next major producer of key lithium products to support the European market. Wolfsberg is well positioned with offtake and downstream partners to become a unique and valuable building block in an expanding geostrategic critical metals portfolio. The Tanbreez Project represents one of the world’s largest rare earth deposits. With this strategic asset portfolio, Critical Metals Corp is positioned to become a reliable and sustainable supplier of critical minerals essential for defense applications, clean energy transition, and next-generation technologies in the western world.

For more information, please visit https://criticalmetalscorp.com/.

Cautionary Note Regarding Forward Looking Statements

This news release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). Forward-looking statements include, without limitation, statements regarding the financial position, financial performance, business strategy, expectations of our business and the plans and objectives of management for future operations. These statements constitute projections, forecasts and forward-looking statements, and are not guarantees of performance. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this news release, forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target,” “designed to” or other similar expressions that predict or indicate future events or trends or that are not statements of historical facts. In addition, any statements that refer to projections, forecasts or other characterizations of future events or circumstances, including any underlying assumptions, are forward-looking statements.

Forward-looking statements are subject to known and unknown risks and uncertainties and are based on potentially inaccurate assumptions that could cause actual results to differ materially from those expected or implied by the forward-looking statements. Actual results could differ materially from those anticipated in forward-looking statements for many reasons, including the factors discussed under the “Risk Factors” section in the Company’s Shell Company Report on Form 20-F filed with the U.S. Securities and Exchange Commission. These forward-looking statements are based on information available as of the date of this news release, and expectations, forecasts and assumptions as of that date, involve a number of judgments, risks and uncertainties. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Critical Metals Corp.

Investor Relations: [email protected]

Media: [email protected]

Vancouver, Canada, Jan. 21, 2025 (GLOBE NEWSWIRE) — AgriFORCE Growing Systems Ltd. (NASDAQ: AGRI), a technology-driven company committed to sustainable innovation, today announced the appointment of Barrett Mooney, Ph.D., as its Chief Operating Officer. Dr. Mooney’s extensive expertise in agriculture technology, sustainability, and strategic business growth positions him as a pivotal figure in AgriFORCE’s mission to integrate cutting-edge solutions into its newly acquired cryptocurrency mining and agricultural facility in Alberta, Canada.

Dr. Barrett Mooney: Pioneering Technological Advancements in Agriculture and Sustainability

Dr. Mooney holds a Ph.D. in Agricultural and Biological Engineering from the University of Florida and brings a wealth of experience in leveraging technology to drive sustainable practices. He co-founded and served as CEO of HydroBio Inc., a software company that utilized satellite-driven image analytics to conserve water and maximize crop yields. Under his leadership, HydroBio optimized irrigation for over 250,000 acres, managing 1.5 trillion gallons of water globally before its acquisition by The Climate Corporation, a subsidiary of Monsanto (later acquired by Bayer). At The Climate Corporation, Dr. Mooney led cross-functional teams that employed artificial intelligence and satellite imagery to enhance crop yields and improve sales efficiency.

Dr. Mooney also served as CEO and Chairman of a NYSE-listed aerospace and defense company, leading it through major acquisitions and its transition to a public entity. His expertise spans advising venture-backed startups, venture capital firms, and agricultural retail companies on technology-driven solutions for sustainability.

A Synergistic Vision for Sustainability and Innovation

Jolie Kahn, AgriFORCE’s CEO, added, “Dr. Mooney’s leadership and technological expertise will be instrumental in scaling our efforts to redefine sustainability. By transforming stranded gas assets and high-energy Bitcoin mining operations into drivers of agricultural and economic growth, AgriFORCE is poised to lead the way in sustainable innovation.”

Dr. Mooney’s Perspective on the Future

Dr. Mooney expressed his enthusiasm, stating, “I am honored to join AgriFORCE at such a pivotal moment. The integration of sustainable agricultural practices with energy-intensive operations like Bitcoin mining presents a transformative opportunity. I look forward to leveraging my experience to help AgriFORCE redefine the future of sustainable innovation.”

About AgriFORCE Growing Systems Ltd.

AgriFORCE Growing Systems Ltd. is dedicated to developing and acquiring innovative technologies and integrated solutions for sustainable agriculture. By combining advanced technology with sustainable practices, AgriFORCE aims to address critical challenges in energy and food production, creating scalable models that benefit communities and the environment.

For media inquiries, please contact:

Richard Wong
CFO
AgriForce Growing Systems Ltd.
1-778-658-0533
[email protected]
—

Forward-Looking Statements: This press release contains forward-looking statements that involve risks and uncertainties. Actual results may differ materially from those projected. For more information, please refer to AgriFORCE’s filings with the SEC.

###

Bowie, Maryland, Jan. 21, 2025 (GLOBE NEWSWIRE) —


Blink Charging Co.

(“Blink” or the “Company”) (Nasdaq: BLNK), a leading owner, operator, provider, and manufacturer of electric vehicle (“EV”) charging equipment and services, today announced that it received written notice from the Securities and Exchange Commission (“SEC”) that the SEC has concluded the previously disclosed investigation of the Company, and the SEC does not intend to recommend an enforcement action against the Company.

“We are pleased to move forward from this longstanding legacy issue, which started in July 2023,” said Aviv Hillo, Blink’s General Counsel and Executive Vice President of Mergers & Acquisitions. “Concluding this SEC matter not only provides closure but also eliminates a source of legal expense, contributing to a further reduction in our operating costs.”

“The closure of this matter represents another milestone for Blink as our collective team works to build a world-class organization serving our customers across the globe,” said Mike Battaglia, Blink’s current Chief Operating Officer and CEO Elect (effective February 1, 2025). “Resolving this issue allows the company to further focus on executing our core strategy and march toward profitability.”

About Blink Charging

Blink Charging Co. (Nasdaq: BLNK) is a global leader in electric vehicle (“EV”) charging equipment and services, enabling drivers, hosts, and fleets to easily transition to electric transportation through innovative charging solutions. Blink’s principal line of products and services include Blink’s EV charging networks (“Blink Networks”), EV charging equipment, and EV charging services. Blink Networks use proprietary, cloud-based software that operates, maintains, and tracks the EV charging stations connected to the network and the associated charging data. Blink has established key strategic partnerships for rolling out adoption across numerous location types, including parking facilities, multifamily residences and condos, workplace locations, health care/medical facilities, schools and universities, airports, auto dealers, hotels, mixed-use municipal locations, parks and recreation areas, religious institutions, restaurants, retailers, stadiums, supermarkets, and transportation hubs.

For more information, please visit https://blinkcharging.com/.

Forward-Looking Statements

This press release contains forward-looking statements as defined within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements, and terms such as “anticipate,” “expect,” “intend,” “may,” “will,” “should” or other comparable terms, involve risks and uncertainties because they relate to events and depend on circumstances that will occur in the future. These statements include statements regarding the intent, belief, or current expectations of Blink and members of its management, as well as the assumptions on which such statements are based. Prospective investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, including the possibility that its planned cost reduction actions will not result in the operational efficiencies as anticipated by management and the risk factors described in Blink’s periodic reports filed with the SEC and that actual results may differ materially from those contemplated by such forward-looking statements. Except as required by federal securities law, Blink Charging undertakes no obligation to update or revise forward-looking statements to reflect changed conditions.

Blink Investor Relations Contact 

Vitalie Stelea
[email protected]
305-521-0200 ext. 446

Blink Media Contact 

Nipunika Coe
[email protected]
305-521-0200 ext. 266

SINGAPORE, Jan. 21, 2025 (GLOBE NEWSWIRE) — Davis Commodities Limited (NASDAQ: DTCK), a global leader in commodities and logistics, and Kohai, an innovative gaming and eSports organization, today announced the signing of a Memorandum of Understanding (MOU) to jointly invest in Kinetic AI, a company that develops enterprise solutions using artificial intelligence (AI).

Empowering Businesses with Innovative AI Solutions

The global AI market is forecasted to surpass $1 trillion by 2030, showcasing the immense growth potential within the artificial intelligence sector. At the forefront of this transformative industry is Kinetic AI, a pioneering company specializing in crafting cutting-edge artificial intelligence solutions. Leveraging Tencent’s open-source AI language model and a range of advanced AI technologies, Kinetic AI is dedicated to developing innovative solutions tailored for a multitude of applications, ranging from sophisticated enterprise data analytics to immersive digital engagement experiences.

Kinetic AI’s unique approach lies in its commitment to providing customizable and scalable platforms that empower businesses of all scales to harness the power of AI effectively. By offering tailored solutions, Kinetic AI enables organizations to unlock the full potential of artificial intelligence, ultimately leading to the creation of impactful, user-centric solutions that drive innovation and enhance overall business performance. Davis Commodities Limited and Kohai plan to invest an initial capital of $2 million in Kinetic AI as cornerstone investors.

CEO Statement:

Ms Li Peng Leck, Executive Chairwoman and Executive Director of Davis Commodities Limited, commented: “Kinetic AI’s scalable, intuitive approach perfectly aligns with our pursuit of next-level innovation. We believe that Kinetic AI has significant potential for investment value growth in the future, making it a strategic investment for us. Davis Commodities will also provide various operational data to Kinetic AI for product development and AI model training in the future. We will ensure appropriate privacy protection in data processing. In return, Kinetic AI will offer us suggestions for operational optimization and cost savings that may increase our revenue and earnings in the future.”

Kohai Take an Important Role in Collaboration

Kohai is a pioneering gaming and eSports organization with its headquarters in Kuala Lumpur and operations extending into Indonesia.It is committed to pushing the boundaries of digital entertainment through large-scale events, community-centric platforms, and advanced technology. The company expects revenue and user compound annual growth rates (CAGR) to reach 519% and 389% respectively from 2022 to 2025. The Kohai team possesses deep expertise in information technology and AI research and development. In addition to investment, they will also be involved in the research and development of Kinetic AI products. They will likewise provide user and operational data to assist Kinetic AI in AI model development and solution building.

“This isn’t just a financial investment. It’s a collaboration that brings together very different but equally dynamic sectors,” explained Ms. Lim Su Min, CEO of Kohai. “With the gaming industry set to top $200 billion in value, Kinetic AI’s advanced technology can help us enrich fan and player experiences, opening up substantial new revenue opportunities.”

“By pairing Davis Commodities Limited and Kohai’s expertise in the rapidly expanding commodity trading and gaming arena, Kinetic AI can develop robust solutions that resonate across vastly different audiences,” stated Mustafa Suleyman co-founder of Kinetic AI. “We anticipate breakthroughs in both commercial viability and consumer-facing innovation through the support of the two cornerstone investors.”

About Davis Commodities Limited (NASDAQ: DTCK)

Davis Commodities Limited stands as a globally recognized agricultural trading company and logistics powerhouse. Specializing in the trading and distribution of essential staples like sugar, rice, and edible oils, the company boasts a robust presence spanning across Asia, Africa, and the Middle East. Renowned for its integration of forward-thinking technologies to optimize trading operations, manage supply chains, and propel organizational growth, Davis Commodities Limited strategically invests in AI to maximize value for stakeholders.

About Kohai

Kohai emerges as a tech-driven gaming and esports trailblazer, harnessing the power of big data analytics to revolutionize digital entertainment experiences. Positioned for an upcoming IPO and bolstered by an expanding user base, Kohai seamlessly blends creativity with cutting-edge technology to redefine the way gamers and fans engage with content.

About Kinetic AI

Kinetic AI constructs next-generation language models and AI technologies tailored for a range of applications, spanning from enterprise data analytics to immersive digital engagement. With customizable and scalable platforms, the company empowers businesses of all sizes to harness AI effectively in crafting impactful, user-centric solutions.

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