Market Newsdesk

NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) — Roadzen Inc. (Nasdaq: RDZN) (“Roadzen” or the “Company”), a global leader in AI at the convergence of insurance and mobility, today announced that a leading liquefied petroleum gas (LPG) supplier in India—a wholly owned subsidiary of one of the world’s largest LPG companies—will outfit its entire truck fleet with Roadzen’s drivebuddyAI. The system will monitor driver fatigue and provide real-time feedback to drive improvements in safety and compliance.

Roadzen’s drivebuddyAI was selected following a comprehensive five-month validation process, competing against the world’s leading video telematics and ADAS vendors. The contract, which carries a term of five years for more than 500 vehicles, is expected to deliver over seven figures in revenue over the term.

As the first system to receive Automotive Research Association of India (ARAI) certification under India’s Automotive Industry Standard 184, Roadzen’s DrivebuddyAI offers an unparalleled suite of advanced features designed to enhance driver safety, mitigate risks, improve driver performance, and optimize fleet operations. Leveraging state-of-the-art artificial intelligence and machine learning algorithms combined with video-telematics, DrivebuddyAI enables real-time monitoring, audio warnings and tagging recorded incidents, predictive analytics, and proactive collision avoidance capabilities. Featuring 98-point landmark tracking focused on the driver’s eye movement combined with 2-way communications, DrivebuddyAI is at the forefront of innovation for in-cabin analysis incorporating the most advanced safety features including distraction alert, drowsiness alert, focus monitoring, and emotion tracking capabilities.

Rohan Malhotra, founder and CEO of Roadzen, commented, “LPG suppliers and distributors care deeply about road safety due to the sensitive nature of cargo being transported. We’re seeing some of the leading players in this space adopt AI to enhance safety features across their fleets and reduce insurance premiums. As the first and only Advanced Driver Assistance System currently validated by the government of India to offer an integrable solution to vehicles seeking compliance with the AIS184 regulation— which is closely aligned with EU 2144 in Europe—we expect traction not just in India but also across European markets where safety and compliance remain top priorities. We’re looking at a highly active sales calendar for DrivebuddyAI and are fully prepared to meet the demand.”

For more information about Roadzen Inc. and DrivebuddyAI, please visit https://roadzen.ai/

About Roadzen Inc.

Roadzen Inc. (Nasdaq: RDZN) is a global technology company transforming auto insurance using advanced artificial intelligence (AI). Thousands of clients, from the world’s leading insurers, carmakers, and fleets, to dealerships, and auto insurance agents, use Roadzen’s technology to build new products, sell insurance, process claims, and improve road safety. Roadzen’s pioneering work in telematics, generative AI, and computer vision has earned Roadzen recognition as a top AI innovator by publications such as Forbes, Fortune, and Financial Express. Roadzen’s mission is to continue advancing AI research at the intersection of mobility and insurance, ushering in a world where accidents are prevented, premiums are fair, and claims are processed within minutes, not weeks. Headquartered in Burlingame, California, the Company has 379 employees across its global offices in the US, India, UK, and France. To learn more, please visit www.roadzen.ai

Media Contacts:

Sanya Soni: [email protected]
Gutenberg: [email protected]

Investor Contacts:

Yvonne Zappulla: [email protected]

Cautionary Statement Regarding Forward Looking Statements

This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended (the “Securities Act”), and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us that may cause our actual results, levels of activity, performance or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by such forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “expected to,” “projected,” “begun to be adopted,” “accelerate the transformation,” “plan,” “anticipate,” “believe,” “estimate,” and “continue,” or the negative of such terms or other similar expressions. Such statements include, but are not limited to, statements regarding our strategy, demand for our products, expansion plans, future operations, future operating results, estimated revenues, performance of our partnerships, losses, projected costs, prospects, plans and objectives of management, as well as all other statements other than statements of historical fact included in this press release. Factors that might cause or contribute to such a discrepancy include, but are not limited to, those described in “Risk Factors” in our Securities and Exchange Commission (“SEC”) filings, including the definitive proxy statement/prospectus we filed with the SEC on August 14, 2023. We urge you to consider these factors, risks and uncertainties carefully in evaluating the forward-looking statements contained in this press release. All subsequent written or oral forward-looking statements attributable to our Company or persons acting on our behalf are expressly qualified in their entirety by these cautionary statements. The forward-looking statements included in this press release are made only as of the date of this release. Except as expressly required by applicable securities law, we disclaim any intention or obligation to update or revise any forward-looking statements whether as a result of new information, future events or otherwise.

MONTREAL, Dec. 09, 2024 (GLOBE NEWSWIRE) — CN (TSX: CNR) (NYSE: CNI) announced today that a new tentative four-year collective agreement has been reached with Unifor. The union represents approximately 3,300 employees at CN in Canada, working in different mechanical, clerical, and intermodal functions.

No details of the tentative agreement will be released publicly until the agreement is ratified. The current collective agreement with Unifor expires on December 31, 2024.

About CN

CN powers the economy by safely transporting more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year for its customers. With its nearly 20,000-mile rail network and related transportation services, CN connects Canada’s Eastern and Western coasts with the U.S. Midwest and the Gulf of Mexico, contributing to sustainable trade and the prosperity of the communities in which it operates since 1919. 

Contacts:

ATLANTA, Dec. 09, 2024 (GLOBE NEWSWIRE) — A shareholder class action lawsuit has been filed against DMC Global Inc. (“DMC Global” or the “Company”) (NASDAQ: BOOM). The lawsuit alleges that Defendants made materially false and/or misleading statements and/or failed to disclose material adverse facts about DMC Global’s business, operations, and prospects, including allegations that: (i) the goodwill associated with Acadia Products was overstated due to the adverse events and circumstances affecting that reporting segment; (ii) DMC Global’s materially inadequate internal systems and processes were adversely affecting its operations; (iii) the Company’s inadequate systems and processes prevented it from ensuring reasonably accurate guidance and that its public disclosures were timely, accurate, and complete; and (iv) as a result, Defendants misrepresented DMC Global’s operations and financial results.

If you bought shares of DMC Global between May 3, 2024 and November 4, 2024, and you suffered a significant loss on that investment, you are encouraged to discuss your legal rights by contacting Corey D. Holzer, Esq. at [email protected], by toll-free telephone at (888) 508-6832 or you may visit the firm’s website at www.holzerlaw.com/case/dmc-global/ to learn more.

The deadline to ask the court to be appointed lead plaintiff in the case is February 4, 2025.

Holzer & Holzer, LLC, an ISS top rated securities litigation law firm for 2021, 2022, and 2023, dedicates its practice to vigorous representation of shareholders and investors in litigation nationwide, including shareholder class action and derivative litigation. Since its founding in 2000, Holzer & Holzer attorneys have played critical roles in recovering hundreds of millions of dollars for shareholders victimized by fraud and other corporate misconduct. More information about the firm is available through its website, www.holzerlaw.com, and upon request from the firm. Holzer & Holzer, LLC has paid for the dissemination of this promotional communication, and Corey Holzer is the attorney responsible for its content.  

CONTACT:
Corey Holzer, Esq.
(888) 508-6832 (toll-free)
[email protected]

Dubai and Amsterdam, 9 December 2024: VEON Ltd. (Nasdaq: VEON), a global digital operator (“VEON” or the “Company”), announces that its Board of Directors has approved the commencement of the first phase of its previously announced share buyback program with respect to the Company’s American Depositary Shares (“ADS”). This first phase of the buyback will be in the amount of up to USD 30 million.

This USD 30 million first phase is part of VEON’s larger plan to execute a share  buyback program of up to USD 100 million. The buybacks will be conducted on the open market pursuant to a 10b5-1 plan signed with a registered broker-dealer, and in compliance with Rule 10b-18.

As stated in VEON’s announcement on 1 August 2024, the Company believes that its ADSs are undervalued relative to its operational performance and strategic potential.  By repurchasing ADSs, VEON aims to optimize shareholder value and strengthen its financial position for future opportunities.

Kaan Terzioglu, CEO of VEON Group, commented: “Our decision to initiate this share buyback program reflects the confidence we have in VEON’s growth trajectory and the value it delivers to shareholders. This program underscores our commitment to delivering long-term value while maintaining a disciplined approach to capital allocation.”

As noted in the Company’s 1 August 2024 announcement, the decisions on the timing and the specifics of the buybacks are subject to liquidity considerations, market conditions, applicable legal requirements, and other factors. Such factors have been taken into account in the approval process of the first USD 30 million phase of the program; and subsequent phases are expected to be carried out in the same manner, up to the authorized USD 100 million amount.

About VEON

VEON is a Nasdaq-listed digital operator that provides converged connectivity and digital services to nearly 160 million customers. Operating across six countries that are home to more than 7% of the world’s population, VEON is transforming lives through technology-driven services that empower individuals and drive economic growth. For more information visit: www.veon.com.

Disclaimer

This release contains “forward-looking statements,” as the phrase is defined in Section 27A of the U.S. Securities Act of 1933, as amended, and Section 21E of the U.S. Securities Exchange Act of 1934, as amended. Forward-looking statements are not historical facts, and include statements relating to, among other things, VEON’s initiation and continuation of its buyback program. Forward-looking statements are inherently subject to risks and uncertainties, many of which VEON cannot predict with accuracy and some of which VEON might not even anticipate. The forward-looking statements contained in this release speak only as of the date of this release. VEON does not undertake to publicly update, except as required by U.S. federal securities laws, any forward-looking statement to reflect events or circumstances after such dates or to reflect the occurrence of unanticipated events. There can be no assurance that the initiatives referred to above will be successful.

Contact Information 

Hande Asik 
Group Director of Communications 
[email protected]

Faisal Ghori 
Group Director of Investor Relations 
[email protected]

NEW YORK, Dec. 09, 2024 (GLOBE NEWSWIRE) — Klotho Neurosciences, Inc. (NASDAQ: KLTO), a specialty biotechnology company focused on developing cell and gene therapies for amyotrophic lateral sclerosis (ALS), Alzheimer’s and Parkinson’s disease is proud to announce the appointment of Dr. Merit Cudkowicz, MD, MSc, to its Scientific Advisory Board (SAB).

Dr. Cudkowicz is the Chair of Neurology at MGH, Director of the Sean M. Healey & AMG Center for ALS, and is the Julieanne Dorn Professor of Neurology at Harvard Medical School. A member of the National Academy of Medicine, Dr. Cudkowicz has been a leading clinician in promoting and devising more efficient methods for the development of therapies for people with neurological disorders such as ALS. She is one of the founders and co-directors of the Northeast ALS (NEALS) Consortium, a group of over 150 clinical sites in the United States and Canada dedicated to performing collaborative, academic-led clinical trials in ALS subjects.

In welcoming Dr. Cudkowicz to the SAB, Dr. Joseph Sinkule, the Founder, CEO, and Chairman of Klotho Neurosciences commented: “Dr. Cudkowicz is clearly a world-renowned clinician and authority in the field of ALS, which is also often referred to as Lou Gehrig’s disease. We are honored to have her join our SAB and help guide us in clinical trial design and execution. We firmly believe that the Company’s gene therapy approach could be an important advance in the treatment of ALS using our patent-protected product candidate expressing the Klotho gene transcribed protein called ‘s-KL’ or “secreted Klotho.”

In responding, Dr. Cudkowicz expressed her appreciation for the invitation to join the SAB, stating that “It is vitally important that a company like Klotho Neurosciences receives the full support and guidance from members of their SAB to maximize the opportunity to expeditiously develop a safe and effective new treatment for ALS based on the Company’s proprietary s-KL. There is a clear and absolute urgent need for new and effective treatments for this devastating, universally-fatal disease, and I hope to be able to assist Klotho Neurosciences along the path to success.”

About Klotho Neurosciences, Inc.

Klotho Neurosciences, Inc. (NASDAQ: KLTO), is a biopharmaceutical company focused on the development of innovative, disease-modifying cell and gene therapies using a protein derived from a patented form of the “anti-aging” human Klotho gene and it’s novel delivery system (s-KL/AAV.myo) to transform and improve the treatment of neurodegenerative and age-related disorders such as ALS, Alzheimer’s, and Parkinson’s disease. The company’s current portfolio consists of its proprietary cell and gene therapy programs using DNA and RNA as therapeutics and genomics-based diagnostics. Other assets include clinical-stage programs involving antibody biologics targeting cancer and autoimmune diseases, and drug delivery via a needle-free dry powder jet autoinjector called Nanoject. The company is managed by a team of individuals and advisors who are highly experienced in biopharmaceutical product development and commercialization.

For more information, contact:

Eric Boyd

Investor Relations

Email: [email protected]

Website: www.klothoneuro.com

Forward-Looking Statements:

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Without limiting the generality of the foregoing, the forward-looking statements in this press release include descriptions of the Company’s future commercial operations. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, such as the Company’s inability to implement its business plans, identify and realize additional opportunities, or meet or exceed its financial projections and changes in the regulatory or competitive environment in which the Company operates. You should carefully consider the foregoing factors and the other risks and uncertainties described in the documents filed or to be filed by the Company with the U.S. Securities and Exchange Commission (the “SEC”) from time to time, which could cause actual events and results to differ materially from those contained in the forward-looking statements. Copies of these documents are available on the SEC’s website, www.sec.gov. All information provided herein is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

ST HELIER, Jersey, Dec. 09, 2024 (GLOBE NEWSWIRE) — Neptune Maritime Leasing Limited (“Neptune Leasing” or the “Company”), a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool, is delighted to announce that it has been recognized as the “Shipping Financier of the Year 2024” at the Lloyd’s List Greek Shipping Awards. The Shipping Financier of the Year Award trophy was presented by the sponsor of the award, Tototheo Global.

Harris Antoniou, the Founder and CEO of Neptune Leasing, stated: “We are delighted to receive this prestigious award which recognizes Neptune’s expanded capabilities and footprint following the investment by Costamare Inc., (“Costamare”) (NYSE: CMRE) and the Latsis Family Office. The year 2024 has been another year of growth for Neptune Leasing. We managed to expand our fleet, as well as to grow our sector coverage to include offshore vessels and our geographic coverage to include the Middle East and Asia. At the same time, we have increased our focus on material sustainability and decarbonization topics that drive long-term value to our business and stakeholders.”

About The Latsco Family Office

The Latsco Family Office (“LFO”), the first Anchor Investor in Neptune Leasing in 2021, is the Single Family Office of Marianna J. Latsis’ family, with offices in Athens, Geneva, and London. LFO manages strategic investments in Shipping, Energy, Infrastructure, Real Estate and Fintech, has investment expertise across asset classes and multiple strategic partnerships. The Latsis family is one of the world’s most renowned investors in shipping since the 1940’s via the Latsco Shipping Group.

About Costamare Inc.

https://www.costamare.com/

Costamare Inc. is one of the world’s leading owners and providers of containerships and dry bulk vessels for charter. The Company has 50 years of history in the international shipping industry and a fleet of 68 containerships, with a total capacity of approximately 513,000 TEU and 39 dry bulk vessels with a total capacity of approximately 3,054,000 DWT (including three vessels that we have agreed to acquire and one vessel we have agreed to sell). The Company also has a dry bulk operating platform which charters in/out dry bulk vessels, enters into contracts of affreightment, forward freight agreements and may also utilize hedging solutions. The Company participates in a leasing business that provides financing to third-party owners. The Company’s common stock, Series B Preferred Stock, Series C Preferred Stock, and Series D Preferred Stock trade on the New York Stock Exchange under the symbols “CMRE”, “CMRE PR B”, “CMRE PR C”, and “CMRE PR D”, respectively.

About Neptune Maritime Leasing

https://www.neptuneleasing.com

Neptune Maritime Leasing was established in 2021. It is a growth-oriented maritime leasing platform with the mission to providing shipowners with access to a flexible financing tool and investors with secure access to an under-invested asset class with attractive real yield. Our strategy is to buy high quality assets and build a portfolio of long-term contracts through sale and leaseback transactions in diverse maritime sectors. We are committed to delivering attractive, long term, risk-adjusted, and responsible returns to our investors, by advancing global trade and economic growth through supporting the maritime industry responsibly, and by making a positive contribution to the environment and to society as a whole.

For more information please contact:

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/336247fc-fe9c-4a77-a59a-7181fcfb6b10

MIAMI, Dec. 09, 2024 (GLOBE NEWSWIRE) — SKYX Platforms Corp. (NASDAQ: SKYX) (d/b/a “SKYX Technologies”), a highly disruptive smart platform technology company with over 97 issued and pending patents in the U.S. and globally, and over 60 lighting and home décor websites with a mission to make homes and buildings become smart, safe, and advanced as the new standard, today announced that Rani Kohen, Founder, and Lenny Sokolow, Co-CEO of SKYX, will present on Wednesday, December 11, 2024, at 3:30pm in the 9^th Floor Ballroom of the New York Athletic Club, and engage in one on one investor meetings throughout The Benchmark 13^th Annual Discovery One-on-One Investor Conference.

Investors interested in arranging a meeting with the Company’s management during the conference should contact The Benchmark Conference coordinator.

Details of the SKYX Platforms Presentation:

About SKYX Platforms Corp.

As electricity is a standard in every home and building, our mission is to make homes and buildings become safe-advanced and smart as the new standard. SKYX has a series of highly disruptive advanced-safe-smart platform technologies, with over 97 U.S. and global patents and patent pending applications. Our technologies place an emphasis on high quality and ease of use, while significantly enhancing both safety and lifestyle in homes and buildings. We believe that our products are a necessity in every room in both homes and other buildings in the U.S. and globally. For more information, please visit our website at https://skyplug.com/ or follow us on LinkedIn.

Investor Relations Contact:

Jeff Ramson
PCG Advisory
[email protected]

RESTON, Va., Dec. 09, 2024 (GLOBE NEWSWIRE) — Kevin P. Chavous, Senior Advisor to the CEO at Stride, Inc., has been recognized with the prestigious 2024 Profiles in Diversity Journal® Black Leadership Award, celebrating his exceptional contributions and leadership in education. This honor places Chavous among a distinguished group of leaders committed to driving positive change in their respective fields. 

“Receiving this award is a profound honor,” said Kevin P. Chavous, Senior Advisor to the CEO at Stride, Inc. “This recognition is a testament to the power of advocacy, innovation, and collaboration in education and reflects my commitment to ensuring all students have access to quality education.” 

As a Senior Advisor to the CEO, Chavous plays a pivotal role in impacting over 200,000 students nationwide by championing access to high-quality online education through Stride, Inc. A trailblazer in the education space, he has been a leading advocate for school choice and charter schools. His leadership as a founding member of Democrats for Education Reform and the American Federation for Children reflects his dedication to shaping policies that uplift underserved communities and ensure equitable access to education. 

“Kevin embodies true leadership with his unwavering dedication to educational reform and school choice,” stated James Rhyu, CEO of Stride, Inc. “His visionary approach and passion have not only transformed numerous lives but also significantly impacted our organization. We are honored to celebrate this well-deserved recognition.” 

This recognition comes as Stride celebrates 25 years of providing innovative, accessible, and personalized education. Stride’s K12-powered schools deliver a robust online curriculum for public and private schooling options, homeschooling materials, tutoring, and Career and Technical Education pathways. Students benefit from state-certified teachers, award-winning curricula, hands-on learning, and immersive experiences designed to inspire success.  

About Stride, Inc.
   

Stride Inc. (NYSE: LRN) is redefining lifelong learning with innovative, high-quality education solutions. Serving learners in primary, secondary, and postsecondary settings, Stride provides a wide range of services including K-12 education, career learning, professional skills training, and talent development. Stride reaches learners in all 50 states and over 100 countries. Learn more at Stridelearning.com.    

About Profiles in Diversity Journal 

Profiles in Diversity Journal® is a quarterly publication dedicated to promoting and advancing diversity, inclusion, and equity in the corporate, government, nonprofit, STEM, and higher education sectors. Since 1999, Diversity Journal has helped stimulate organizational change by profiling visionary leadership, innovative programs, and individual commitments that make it happen.