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MicroCloud Hologram Inc. Develops Quantum Random Number Generator (QRNG) of the Superposition and Entanglement Properties Based on Quantum Walks

PR Newswire


SHENZHEN, China
, Jan. 22, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, they recently launched an innovative research achievement— a quantum random number generator (QRNG) of the properties of superposition and entanglement entirely based on quantum walks.

Quantum walks, as a process of quantum state evolution, possess unique properties of superposition and entanglement. HOLO has cleverly utilized these properties to construct the quantum random number generator (QRNG). Quantum walks offer several advantages, among which the ability to generate multiple bits from a single qubit is particularly noteworthy. In traditional random number generation methods, obtaining multiple bits from a single bit source faces many limitations, while quantum walks break through these constraints, greatly enhancing the efficiency and flexibility of random number generation.

In any practical system, the application of quantum walks has certain limitations. The practical limits are primarily determined by the number of quantum walk steps that can be achieved experimentally. For example, in experimental scenarios such as nuclear magnetic resonance, ion trapping, cold atoms, and photonic systems, the number of quantum walk steps is constrained by factors like the precision of experimental equipment and environmental noise interference. However, HOLO, through in-depth analysis and numerical simulations, has found that despite these limitations, the dynamics of quantum walks can still significantly enhance the randomness of the particle’s initial state.

In their research, HOLO considers a special form of randomness quantification in quantum systems, namely the inherent randomness of measurements, which has been quantified as coherent measurement. Through the study of coherent measurements, HOLO further clarifies the operational aspects of quantum coherence. Quantum coherence is one of the key characteristics that distinguish quantum systems from classical systems, and a deeper understanding of its operational aspects helps to better utilize quantum properties for random number generation.

Since the QRNG protocol proposed by HOLO is entirely based on discrete-time quantum walk (DTQW) dynamics, it requires good randomness metrics to be incorporated in both the position and coin spaces. In the theoretical framework of quantum walks, coin space and position space are two key concepts. The coin space is analogous to the probability distribution in classical random processes, while the position space describes the particle’s position state in space.

To assess the randomness associated with the coin space, HOLO employs a specific method. First, it is necessary to trace a portion of the Hilbert space related to the position space from the density matrix. The density matrix is a crucial tool in quantum mechanics for describing the state of a quantum system, and by manipulating it, information related to specific spaces can be extracted. After tracing out the portion related to the position space, HOLO can calculate the randomness described in the method section from the simplified density matrix. This calculation method, based on relevant theories in quantum information theory, enables accurate quantification of randomness in the coin space.

Similarly, by tracing the coin space, HOLO can calculate the randomness combined with the position space. Through separate calculations of the randomness in these two spaces and their comprehensive analysis, a thorough evaluation of the randomness quality of the quantum walk-based QRNG can be achieved. This dual consideration of randomness in both position and coin spaces makes the QRNG proposed by HOLO more comprehensive and reliable in terms of randomness generation.

Compared to traditional random number generation methods, HOLO’s quantum walk-based QRNG offers significant advantages. Traditional random number generators are often limited by algorithms and hardware, and the random numbers they generate have certain limitations in terms of randomness and unpredictability. In contrast, the quantum walk-based QRNG leverages the inherent properties of quantum systems to generate truly random numbers, whose randomness is not constrained by classical algorithms, offering higher security and reliability.

In practical applications, HOLO’s QRNG has broad prospects. In the field of cryptography, the security and randomness of random numbers are critical to encryption algorithms. The quantum walk-based QRNG can provide high-quality random keys for encryption algorithms, enhancing the security of cryptographic systems and effectively defending against various forms of attacks. In fields such as scientific computing and simulation, high-quality random numbers can also improve the accuracy and reliability of computational results, providing strong support for scientific research.

In the future, HOLO will continue to conduct in-depth research on quantum walk-based QRNG technology, constantly optimizing algorithms and experimental schemes, overcoming limitations in practical applications, and further improving the performance and stability of QRNGs.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE MicroCloud Hologram Inc.

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ClearOne Introduces DIALOG® AERO Two-Channel Digital Wireless Microphone System for Seamless Audio

ClearOne Introduces DIALOG® AERO Two-Channel Digital Wireless Microphone System for Seamless Audio

SALT LAKE CITY–(BUSINESS WIRE)–
ClearOne, a global leader in conferencing, collaboration, and communication solutions, today introduced the DIALOG® AERO, a wideband UHF 2-channel encrypted digital wireless microphone solution with over 100 MHz of RF tuning range.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20250122534606/en/

DIALOG® AERO Two-Channel Digital Wireless Microphone System (Photo: Business Wire)

DIALOG® AERO Two-Channel Digital Wireless Microphone System (Photo: Business Wire)

“The DIALOG® AERO digital wireless microphone system, with less than 4 ms of end-to-end audio latency, is ideal for conferencing and sound reinforcement applications,” said Derek Graham, CEO of ClearOne. “We have meticulously designed DIALOG® AERO, making it the perfect choice for clear and reliable communication in any environment. From classrooms and courtrooms to auditoriums and houses of worship, DIALOG® AERO delivers crystal-clear audio for many applications.”

The Dialog AERO will be on display at ISE 2025 in Booth# 2N220 at Fira Barcelona Gran Vía Venue, Barcelona, Spain.

The DIALOG® AERO system features a modular expandable 2-bay smart dock, allowing for easy expansion up to eight channels by linking multiple docks together, simplifying installation and minimizing cabling. Larger systems can be further expanded using optional accessories, including a four-channel antenna distributor with ceiling mount antennas, antenna combiners, and a joining kit for mounting two receivers in a single rack space. The auto-scan feature finds open channels for optimal reception. The system also includes detachable antennas with a 5-foot extension kit for added flexibility in system placement and signal optimization.

DIALOG® AERO microphones offer flexible powering options. They can be powered with the included rechargeable Li-Ion AA batteries, NiMH AA rechargeable batteries, common AA battery types, or USB-C. Microphones and Dock can charge Li-Ion and NiMH AA batteries and the dock also charges spare AA batteries for added convenience.

The receiver offers professional connectivity with balanced XLR outputs and an unbalanced 1/4-inch mixed output for seamless integration with various audio devices. It features a large LCD display that provides real-time information on frequency, RF power level, battery life, received signal strength, and audio level. The receiver’s compact half-rack size allows for versatile mounting options, including installation in an equipment rack using the included rack ears, or placement on a desktop, inside a credenza, under a table, or behind a video display.

The DIALOG® AERO features an intuitive interface with a large, easy-to-read LCD display that provides real-time information on critical settings. Aero Console software provides remote configuration, monitoring and management of the receiver and smart dock via Ethernet.

DIALOG® AERO is ideal for a wide range of applications, including town hall meetings, company all-hands meetings, management retreats, school award ceremonies, rallies, houses of worship, hybrid training and presentation sessions, sound reinforcement and voice lift scenarios.

The Dialog AERO supports leading collaboration platforms like Microsoft Teams®, Google Meet®, Zoom®, and WebEx®.

Upgrade your communication experience with Dialog AERO. Learn more here.

About ClearOne

ClearOne is a global market leader enabling conferencing, collaboration, and network streaming solutions. The performance and simplicity of its advanced, comprehensive solutions offer unprecedented levels of functionality, reliability, and scalability. Visit ClearOne at https://www.clearone.com

[email protected]

KEYWORDS: Utah United States North America

INDUSTRY KEYWORDS: Networks Hardware Audio/Video Mobile/Wireless Technology

MEDIA:

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DIALOG® AERO Two-Channel Digital Wireless Microphone System (Photo: Business Wire)
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Greene County Bancorp, Inc. Announces Cash Dividend

CATSKILL, N.Y., Jan. 22, 2025 (GLOBE NEWSWIRE) — Greene County Bancorp, Inc. (NASDAQ-GCBC) today announced that its Board of Directors has approved a quarterly cash dividend of $0.09 per share on the Company’s common stock. The dividend reflects an annual cash dividend rate of $0.36 per share, which is the same rate as the dividend declared during the previous quarter.

The cash dividend for the quarter ended December 31, 2024 will be paid to shareholders of record as of February 14, 2025, and is expected to be paid on February 28, 2025.

The Company is the majority-owned subsidiary of Greene County Bancorp, MHC (the “MHC”), a federal mutual holding company, which owns 54.1% of the Company’s outstanding common shares. The MHC is waiving its receipt of this dividend. The MHC received the nonobjection of the Federal Reserve Bank of Philadelphia to waive its right to receive dividends, aggregating up to $0.48 per share, paid by the Company during the four quarters ending with the quarters that end on December 31, 2024, March 31, 2025, June 30, 2025, and September 30, 2025.

Greene County Bancorp, Inc. is the direct and indirect holding company for the Bank of Greene County, a federally chartered savings bank, and Greene County Commercial Bank, a New York-chartered commercial bank, both headquartered in Catskill, New York. Our primary market is the Hudson Valley Region and Capital District Region in New York State. For more information on Greene County Bancorp, Inc., visit www.tbogc.com.

For Further Information Contact:

Donald E. Gibson
President and Chief Executive Officer
(518) 943-2600
[email protected]



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Outlook Therapeutics® to Present at LIVE! with Webull Corporate Connect: Healthcare Investment Webinar

Live webcast on Wednesday, January 29th at 2:00 PM ET

ISELIN, N.J., Jan. 22, 2025 (GLOBE NEWSWIRE) — Outlook Therapeutics, Inc. (Nasdaq: OTLK), a biopharmaceutical company that achieved regulatory approval in the European Union (EU) and the United Kingdom (UK) earlier this year for the first authorized use of an ophthalmic formulation of bevacizumab for the treatment of wet age-related macular degeneration (wet AMD), today announced that Lawrence A. Kenyon, Executive Vice President, CFO and Interim CEO of Outlook Therapeutics will present at LIVE! with Webull Corporate Connect: Healthcare Investment Webinar being held on January 29, 2025.

Conference Details:

Conference: LIVE! with Webull Corporate Connect: Virtual Biotech Investment Webinar

Date/Time: Wednesday January 29, 2025 at 2:00 PM ET

Presenter: Lawrence A. Kenyon, Executive Vice President, CFO and Interim CEO

Registration Link:
HERE

About Webull Financial

Webull Financial is a leading online brokerage platform committed to empowering self-directed investors with innovative tools and cutting-edge technology. With low-cost trading on a wide range of assets, advanced charting tools, and real-time market data, Webull is revolutionizing the way individuals approach investing. The user-centric approach and commitment to staying at the forefront of industry trends underscore the mission to provide a seamless and rewarding experience for traders of all levels. Through the Webull Group, Webull Financial and its affiliates combine to serve tens of millions of users from over 180 countries worldwide. Securities and futures trading is offered to customers by Webull Financial LLC (“Webull Financial”), a broker-dealer registered with the Securities and Exchange Commission (SEC) and a futures commission merchant registered with the Commodity Futures Trading Commission (CFTC). Webull Financial is a member of the Financial Industry Authority (FINRA), the National Futures Association (NFA), and the Securities Investor Protection Corporation (SIPC). All investing is subject to risk, including the possible loss of principal. For more information about Webull, visit www.webull.com.

About Outlook Therapeutics, Inc.

Outlook Therapeutics is a biopharmaceutical company focused on the development and commercialization of ONS-5010/LYTENAVA™ (bevacizumab-vikg; bevacizumab gamma), for the treatment of retina diseases, including wet AMD. LYTENAVA™ (bevacizumab gamma) is the first ophthalmic formulation of bevacizumab to receive European Commission and MHRA Marketing Authorization for the treatment of wet AMD. Outlook Therapeutics is working to initiate its commercial launch of LYTENAVA™ (bevacizumab gamma) in the EU and the UK as a treatment for wet AMD, expected in the first half of calendar 2025. In the United States, ONS-5010/LYTENAVA™ is investigational, is being evaluated in an ongoing non-inferiority study for the treatment of wet AMD, and if successful, the data may be sufficient for Outlook to resubmit a BLA to the FDA in the United States. If approved in the United States, ONS-5010/LYTENAVA™, would be the first approved ophthalmic formulation of bevacizumab for use in retinal indications, including wet AMD.

Investor Inquiries:       
Jenene Thomas
Chief Executive Officer
JTC Team, LLC
T: 908.824.0775
[email protected]



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Jackson Study Reveals Vast Underestimation of Healthcare and Long-Term Care Costs in Retirement Planning

Jackson Study Reveals Vast Underestimation of Healthcare and Long-Term Care Costs in Retirement Planning

Latest research in Jackson’s Security in Retirement Series exposes critical gaps in retirement healthcare planning amid rising costs of care and increased life expectancy

Nearly two-thirds of pre-retired investors surveyed are underestimating their expected healthcare expenses in retirement

Only 27% of investors surveyed believe they will require long-term care — yet 70% of individuals turning 65 are likely to need this type of care

LANSING, Mich.–(BUSINESS WIRE)–Jackson National Life Insurance Company® (Jackson®), the main operating subsidiary of Jackson Financial Inc.1 (NYSE: JXN), today released key findings on how retirees and financial professionals perceive healthcare risk and the associated impacts on retirement income planning, including costs of healthcare and long-term care. The study is the third installment of Jackson’s Security in Retirement Series, conducted in partnership with the Center for Retirement Research at Boston College, and follows the initial longevity risk and inflation risk studies released over the past 15 months. The multi-phased research initiative aims to provide useful, actionable, research-based insights on a variety of potential threats to financial security in retirement.

Jackson’s research reveals a notable gap between individuals’ perceptions of healthcare and long-term care costs and their overall financial preparedness, underscoring the need for better retirement planning. The findings reveal critical risks once retired, particularly in light of rising healthcare expenses, longer lifespans and the increasing prevalence of chronic conditions, all of which highlight a growing need for proactive planning to achieve a secure retirement.

Key findings from the research include:

  • Healthcare costs are grossly underestimated. Nearly two-thirds of pre-retired investors surveyed are underestimating their prospective healthcare expenses in retirement, anticipating health care expenses at least $1,220 below the $8,600 annual estimate and possibly increasing their healthcare risk.2 Additionally, only 27% of investors surveyed believe they will require long-term care at some point in their lives, however, 70% of individuals turning 65 each year are likely to need this type of care at some point in their lives.3 This is particularly notable, as Jackson’s recent longevity risk study found the vast majority of investors inaccurately predict their life expectancy, increasing retirement income planning risk.
  • Rising costs and advancements in technology increase financial burden. Advances in medical technology and treatments are expected to increase healthcare costs significantly over the next decade. The price of medical care including services, insurance, drugs and equipment has increased by over 120% since 2000,4 leaving many retirees at risk of draining their savings. These findings align with insights from Jackson’s 2024 inflation risk study, which examined how pre-retired households struggle to adapt to rising costs of essential expenses, including healthcare, in the face of inflation.
  • Investors are considering asset spend-down to qualify for Medicaid. More than 60% of investors surveyed said they plan to or may consider spending down their assets to qualify for Medicaid as a long-term care funding solution but may be underprepared for the dramatic life changes that would come with spending down their assets.
  • Concerns over long-term care costs are amplified among financial professionals surveyed. Two in five financial professionals are concerned that clients will be unable to afford acceptable care, with 56% citing this as a major risk for retirees.
  • Personal experience drives better preparedness. Respondents who have seen family members require long-term care are nearly twice as likely to believe they will need similar care. This group is also more proactive in exploring costs, adjusting retirement timelines and planning for assisted living expenses.
  • Women face unique challenges. Women leading household financial decisions express higher concern about healthcare risks but are less likely to anticipate requiring long-term care despite longer life expectancies. Many report lower income and asset levels, yet they are three times more likely than men to be caregivers for family members.

“Retirement should be a time for security and stability, however, our research shows many households may be unprepared for the realities of the healthcare challenges and expenses they will face,” said Glen Franklin, Assistant Vice President of Research, RIA and Lead Generation Strategy for Jackson National Life Distributors LLC (JNLD), the marketing and distribution business of Jackson. “Our research is particularly timely given potential policy shifts resulting from the election outcome, as proposals addressing healthcare reform and federal funding for long-term care programs could significantly impact retirees’ healthcare costs and savings strategies. This further underscores the importance of working with financial professionals to prepare for an evolving landscape and proactively address healthcare risks in investors’ retirement plans.”

“These new survey data should be a wakeup call for policymakers, financial professionals and older Americans themselves,” said Andrew Eschtruth, Director of the Center for Retirement Research at Boston College. “We are particularly concerned that too many people nearing or in retirement don’t have a good grasp of their potential healthcare needs and out-of-pocket costs, which could narrow their options when it comes time to pay the bills.”

The research, fielded between July 12-August 2, 2024, included online surveys of more than 400 financial professionals and 500 investors with at least $100,000 in financial assets between the ages of 48 and 78 years. Respondents were required to participate in, or lead, household financial decision-making.

Jackson’s ongoing work with the Center for Retirement Research at Boston College aims to help retirement investors and financial professionals better navigate financial challenges and mitigate risks to retirement income planning. Part one of Jackson’s Security in Retirement Series focused on longevity risk, or the risk of outliving income when faced with the possibility of living longer than expected, and part two of the Series focused on inflation risk. Future studies will explore and analyze a selection of other critical risks impacting Americans’ security in retirement, such as market dynamics and policy risk related to government programs.

To access details and up-to-date findings relative to this research as well as other proprietary research materials developed by Jackson on topics that impact the saving and spending habits of Americans, visit www.jackson.com/researchcenter.

ABOUT JACKSON

Jackson® (NYSE: JXN) is committed to helping clarify the complexity of retirement planning—for financial professionals and their clients. Through our range of annuity products, financial know-how, history of award-winning service* and streamlined experiences, we strive to reduce the confusion that complicates retirement planning. We take a balanced, long-term approach to responsibly serving all our stakeholders, including customers, shareholders, distribution partners, employees, regulators and community partners. We believe by providing clarity for all today, we can help drive better outcomes for tomorrow. For more information, visit www.jackson.com.

*SQM (Service Quality Measurement Group) Call Center Awards Program for 2004 and 2006-2023. (Criteria used for Call Center World Class FCR Certification is 80% or higher of customers getting their contact resolved on the first call to the call center (FCR) for 3 consecutive months or more.)

Jackson® is the marketing name for Jackson Financial Inc., Jackson National Life Insurance Company® (Home Office: Lansing, Michigan) and Jackson National Life Insurance Company of New York® (Home Office: Purchase, New York).

Jackson, its distributors, and their respective representatives do not provide tax, accounting, or legal advice. Any tax statements contained herein were not intended or written to be used and cannot be used for the purpose of avoiding U.S. federal, state, or local tax penalties. Tax laws are complicated and subject to change. Tax results may depend on each taxpayer’s individual set of facts and circumstances. You should rely on your own independent advisors as to any tax, accounting, or legal statements made herein.

This material should be considered educational in nature and does not take into account your particular investment objectives, financial situations, or needs, and is not intended as a recommendation, offer, or solicitation for the purchase or sale of any product, security, or investment strategy.

Annuities are issued by Jackson National Life Insurance Company (Home Office: Lansing, Michigan) and in New York by Jackson National Life Insurance Company of New York (Home Office: Purchase, New York). Variable annuities are distributed by Jackson National Life Distributors LLC, member FINRA. May not be available in all states, and state variations may apply. These products have limitations and restrictions. Discuss them with your financial professional or contact the Company for more information.

Jackson® is committed to ensuring more Americans in or nearing retirement can benefit from greater clarity and confidence in their financial futures. To better support this important goal, we have partnered with leading academic experts at the Center for Retirement Research at Boston College to launch the Jackson Security in Retirement Series. This multiphase research effort will take a comprehensive look at a range of potential threats to financial security with the goal of helping financial professionals and retirement savers more effectively identify and manage them. Jackson is not affiliated with the Center for Retirement Research at Boston College.

Firm and state variations may apply. Additionally, products may not be available in all states.

*Guarantees are subject to the claims-paying ability of the issuing insurance company.

1 Jackson Financial Inc. is a U.S. holding company and the direct parent of Jackson Holdings LLC (JHLLC). The wholly-owned direct and indirect subsidiaries of JHLLC include Jackson National Life Insurance Company, Brooke Life Insurance Company, PPM America, Inc. and Jackson National Asset Management, LLC.

2 This is based on a subset of 114 pre-retired investors surveyed and excludes those who indicated they were unable to provide an estimate of annual household health care expenses.

3 Christine Benz, Morningstar, “100 Must-Know Statistics about Long-Term Care: 2023 Edition,” March 29, 2023.

4 Shameek Rakshit, et al., Peterson-KFF Health System Tracker, “How does medical inflation compare to inflation in the rest of the economy?” August 2, 2024.

Media Contact:

Patrick Rich

[email protected]

KEYWORDS: Michigan New York United States North America

INDUSTRY KEYWORDS: Seniors Personal Finance Insurance Data Analytics Finance Banking Professional Services Consumer

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Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet

Blackstone and Vista Equity Partners Complete Acquisition of Smartsheet

BELLEVUE, Wash.–(BUSINESS WIRE)–
Smartsheet, the AI enhanced enterprise grade work management platform, today announced the completion of its acquisition by funds managed by Blackstone (“Blackstone”) and Vista Equity Partners (“Vista”) in a transaction valued at approximately $8.4 billion.

The transaction was previously announced on September 24, 2024, and approved by Smartsheet stockholders on December 9, 2024. With the completion of the take private transaction, Smartsheet stockholders are entitled to receive $56.50 in cash for each share of Smartsheet common stock they owned immediately prior to the closing. Smartsheet’s stock has ceased trading, and the company is no longer listed on the New York Stock Exchange.

“We are so pleased to reach another significant milestone, and look forward with optimism to the next chapter for Smartsheet,” stated Mark Mader, President and CEO of Smartsheet. “Working alongside industry powerhouses Blackstone and Vista, Smartsheet can invest with a long-term horizon to the benefit of our customers, partners and team.”

In today’s workplace, collaborative work management and AI-enabled user experiences are more important than ever as companies seek to become more efficient and productive. Smartsheet, Blackstone and Vista will seek to invest to expand the company’s leading collaborative work management solutions and deliver exceptional products and experiences for customers and partners. Further, Smartsheet will benefit from Blackstone and Vista’s global expertise to help it scale its international business and make its products and expertise available to customers and partners worldwide.

Sachin Bavishi, a Senior Managing Director at Blackstone, said, “Smartsheet’s enterprise grade work management solutions have long enabled teams at leading organizations to collaborate seamlessly across mission-critical projects and workflows. We are excited to partner with Smartsheet’s management team to deliver even greater value to customers through continued product innovation and investment by leveraging our and Vista’s combined scale and resources.”

“Smartsheet’s intuitive and easy-to-use platform brings people, work and technology together to help teams perform with the pace, scale and proficiency modern enterprises and their workforces have come to expect,” said Monti Saroya, Co-Head of Vista’s Flagship Fund and Senior Managing Director, and John Stalder, Managing Director at Vista. “We are pleased to welcome Smartsheet to the Vista ecosystem, and we look forward to working alongside Blackstone to drive continued product innovation, productivity gains and outstanding customer experiences to thousands of organizations worldwide.”

Advisors

Qatalyst Partners acted as exclusive financial advisor to Smartsheet. Fenwick & West LLP acted as legal counsel to Smartsheet.

Goldman Sachs & Co. LLC and Morgan Stanley & Co. LLC acted as financial advisors and Kirkland & Ellis LLP and Simpson Thacher & Bartlett LLP acted as legal counsel to Blackstone and Vista.

About Smartsheet

Smartsheet is the modern enterprise work management platform trusted by millions of people at companies across the globe, including over 85% of the 2024 Fortune 500 companies. The category pioneer and market leader, Smartsheet delivers powerful solutions fueling performance and driving the next wave of innovation. Visit www.smartsheet.com to learn more.

About Blackstone

Blackstone is the world’s largest alternative asset manager. We seek to deliver compelling returns for institutional and individual investors by strengthening the companies in which we invest. Our more than $1.1 trillion in assets under management include global investment strategies focused on real estate, private equity, infrastructure, life sciences, growth equity, credit, real assets, secondaries and hedge funds. Further information is available at www.blackstone.com. Follow @blackstone on LinkedIn, X (Twitter), and Instagram.

About Vista Equity Partners

Vista is a leading global investment firm with more than $100 billion in assets under management as of June 30, 2024. The firm exclusively invests in enterprise software, data and technology-enabled organizations across private equity, permanent capital, credit and public equity strategies, bringing an approach that prioritizes creating enduring market value for the benefit of its global ecosystem of investors, companies, customers and employees. Vista’s investments are anchored by a sizable long-term capital base, experience in structuring technology-oriented transactions and proven, flexible management techniques that drive sustainable growth. Vista believes the transformative power of technology is the key to an even better future – a healthier planet, a smarter economy, a diverse and inclusive community and a broader path to prosperity. Further information is available at vistaequitypartners.com. Follow Vista on LinkedIn, @Vista Equity Partners, and on X, @Vista_Equity.

For Smartsheet

Lisa Henthorn

[email protected]

For Blackstone

Matt Anderson

(518) 248-7310

[email protected]

For Vista Equity Partners

Brian Steel

(212) 804-9170

[email protected]

KEYWORDS: Washington United States North America

INDUSTRY KEYWORDS: Apps/Applications Technology Finance Other Technology Professional Services Software Data Management Other Professional Services Artificial Intelligence

MEDIA:

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Thornburg Launches Its First Active ETFs

PR Newswire


SANTA FE, N.M.
, Jan. 22, 2025 /PRNewswire/ — Thornburg Investment Management (“Thornburg”), a global investment firm that oversees $45 billion in assets1, today announced the launch of its first two exchange-traded funds (ETFs), Thornburg International Equity ETF (Nasdaq: TXUE) and Thornburg International Growth ETF (Nasdaq: TXUG).

“We are excited to enter the ETF market and provide clients with an additional means to access our investment solutions,” said Thornburg CEO Mark Zinkula. “Each of these new ETFs reflects our long-term commitment to meet client demand for solutions with an active, fundamental investment process and high-conviction approach.”

Thornburg International Equity ETF begins trading today and is managed by Lei Wang, CFA, and Matt Burdett. Thornburg International Growth ETF will start trading tomorrow, January 23, 2025, and is overseen by Sean Sun, CFA, and Nicholas Anderson, CFA. Thornburg International Equity ETF seeks long-term capital appreciation, while Thornburg International Growth ETF seeks long-term capital growth. Both funds invest primarily in non-U.S. developed market equities.

For over 42 years, Thornburg has been a recognized leader in equity, fixed income and multi-asset investing. In the coming months, Thornburg anticipates launching two fixed income ETFs: Thornburg Core Plus Bond ETF (Nasdaq: TPLS) and Thornburg Multi Sector Bond ETF (Nasdaq: TMB).

“Thornburg’s ETF strategies offer investors flexible, transparent and efficient opportunities to construct and diversify their portfolios,” said Global Head of Distribution Jesse Brownell. “The buildout for Thornburg’s ETF platform represents significant human and capital investments to ensure our infrastructure is scalable and successful for our clients.”

Learn more about Thornburg ETFs at www.thornburg.com/etfs.

The Thornburg ETFs are launched with the support of the Goldman Sachs ETF Accelerator, a digital platform that enables Goldman Sachs’ clients to quickly and efficiently launch, list, and manage ETFs.


About Thornburg

Thornburg Investment Management (Thornburg) is an active, high-conviction manager of equities, fixed income, multi-asset and alternative solutions. As a privately-owned firm and with $45 billion1 in client assets as of December 31, 2024, Thornburg serves institutions, financial professionals and investors worldwide. The firm offers mutual funds, ETFs, closed-end funds, separate accounts and UCITS funds. Thornburg was founded in 1982 and is headquartered in Santa Fe, New Mexico with an additional office in Hong Kong. For more information, visit www.thornburg.com or call 877 215 1330.


Media Inquiries
 
Michael Corrao
Director of Global Communications
Thornburg Investment Management
Tel: +1 505 467 5345
Email: [email protected]

Important Disclosures

Before investing, carefully consider the Fund’s investment goals, risks, charges, and expenses. For a prospectus or summary prospectus containing this and other information, contact your financial advisor or visit thornburg.com. Read them carefully before investing.

Exchange Traded Funds (ETF) are bought and sold through exchange trading at market prices (not NAV) and are not individually redeemed from a Fund. Shares may trade at a premium or discount to their NAV in the secondary market. Brokerage commissions will reduce returns.

Each Fund is an actively managed ETF that does not seek to replicate the performance of a specified index. To determine whether to buy or sell a security, the portfolio managers consider, among other things, various fund requirements and standards, along with economic conditions, alternative investments, interest rates and various credit metrics. If the portfolio manager considerations are inaccurate or misapplied, the fund’s performance may suffer.

Investments carry risks, including possible loss of principal. Additional risks may be associated with investments outside the United States, especially in emerging markets, including currency fluctuations, illiquidity, volatility, and political and economic risks. Investments in small- and mid-capitalization companies may increase the risk of greater price fluctuations.

Risks associated with investing in Thornburg ETFs may include: (1) New and Smaller Sized Fund Risk, (2) Investment Adviser Risk and (3) Derivatives Risk.

Additional risks associated with investing in TXUE and TXUG may include: (1) Equity Risk, (2) Risks Affecting Specific Countries or Regions and (3) Market and Economic Risk.

Additional risks associated with investing in TXUG may include: (1) Growth Company Risk and (2) Small and Mid-Cap Company Risk.

Additional risks associated with investing in TPLS and TMB may include: (1) Credit Risk, (2) High Yield Risk, (3) Interest Rate Risk and (4) Market and Economic Risk.

Additional risks associated with investing in TPLS may include: (1) Emerging Markets Risk.

More information regarding the risks associated with investing in Thornburg ETFs can be found in the fund prospectuses.

Please see our glossary for a definition of terms.

Thornburg ETFs are distributed by ALPS Distributors, Inc.

1 Includes $44 billion in assets under management and $1 billion in assets under advisement as of December 31, 2024.

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SOURCE Thornburg Investment Management

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MERCURY GENERAL CORPORATION TO REPORT FOURTH QUARTER RESULTS ON FEBRUARY 11, 2025

PR Newswire


LOS ANGELES
, Jan. 22, 2025 /PRNewswire/ — Mercury General Corporation (NYSE: MCY) reported today that after the markets close on Tuesday, February 11, 2025, the Company will issue an earnings press release reporting its results for the fourth quarter of 2024, and will also file its annual report on Form 10-K with the Securities and Exchange Commission.  The earnings press release should be read in conjunction with the Company’s annual report on Form 10-K.

Mercury General Corporation and its subsidiaries are a multiple line insurance organization offering predominantly personal automobile and homeowners insurance through a network of independent producers and direct-to-consumer sales in many states.  For more information, visit the Company’s website at http://www.mercuryinsurance.com.

The Private Securities Litigation Reform Act of 1995 provides a “safe harbor” for certain forward-looking statements. Certain statements contained in this press release are forward-looking statements based on the Company’s current expectations and beliefs concerning future developments and their potential effects on the Company. There can be no assurance that future developments affecting the Company will be those anticipated by the Company. Actual results may differ from those projected in the forward-looking statements. These forward-looking statements involve significant risks and uncertainties (some of which are beyond the control of
the Company) and are subject to change based upon various factors, including but not limited to the following risks and uncertainties: changes in the demand for the Company’s insurance products, inflation and general economic conditions, including general market risks associated with the Company’s investment portfolio; the accuracy and adequacy of the Company’s pricing methodologies; catastrophes in the markets served by the Company; uncertainties related to estimates, assumptions and projections generally; the possibility that actual loss experience may vary adversely from the actuarial estimates made to determine the Company’s loss reserves in general; the Company’s ability to obtain and the timing of the approval of premium rate changes for insurance policies issued in the states where it operates; legislation adverse to the automobile insurance industry or business generally that may be enacted in the states where the Company operates; the Company’s success in managing its business in non-California states; the presence of competitors with greater financial resources and the impact of competitive pricing and marketing efforts; the Company’s ability to successfully allocate the resources used in the states with reduced or exited operations to its operations in other states; changes in driving patterns and loss trends; acts of war and terrorist activities; pandemics, epidemics, widespread health emergencies, or outbreaks of infectious diseases; court decisions and trends in litigation and health care and auto repair costs; and legal, cybersecurity, regulatory and litigation risks. The Company undertakes no obligation to publicly update or revise any forward-looking statements, whether as the result of new information, future events or otherwise. For a more detailed discussion of some of the foregoing risks and uncertainties, see the Company’s filings with the Securities and Exchange Commission.

 

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SOURCE Mercury General Corporation

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KnitWell Group, Synchrony and Mastercard Partner to Offer Shoppers More Ways to Pay for Apparel and Accessories at Chico’s, WHBM and Soma

PR Newswire

Partnership Expands Payment Choices with Private Label and Dual Card Credit Programs for KnitWell’s Fashion Brands’ Customers 


STAMFORD, Conn.
, Jan. 22, 2025 /PRNewswire/ — KnitWell Group, a leading portfolio of iconic American fashion brands, has selected Synchrony (NYSE: SYF), a premier consumer financial services company, as a strategic provider for consumer financing. The multi-year partnership includes rewards and flexible financing options for three brands — Chico’s, WHBM and Soma.

Synchrony will partner with KnitWell Group on a private label credit card and a Mastercard powered dual-branded card for each brand. The dual-branded card will allow customers to earn rewards for purchases anywhere Mastercard is accepted. 

“In making our selection, we were seeking a trusted partner that could help us drive customer experiences, loyalty, repeat purchases and overall sales,” said Paul Lazorisak, Senior Vice President, Performance Marketing, CRM & Loyalty, KnitWell Group. “Synchrony will empower our brands to achieve these goals through its advanced analytics capability, flexible financing options and omnichannel application experience.”

“KnitWell Group’s commitment to innovation and collaboration results in exceptional products and memorable experiences for customers,” said Darrell Owens, Executive Vice President and Chief Executive Officer, Lifestyle, Synchrony. “Together, we aim to enable customers to purchase the products they want while helping KnitWell Group grow their business.”  

“Mastercard is committed to empowering consumers with secure, seamless, and rewarding payment experiences that enhance their loyalty to the brands they love,” said Chiro Aikat, Co-President, Mastercard US. “By collaborating with Synchrony and KnitWell Group, we’re helping to deliver innovative solutions that not only make shopping easier and safer but also provide meaningful benefits for customers of Chico’s, WHBM and Soma — wherever their passions take them.” The new Synchrony-backed credit cards and key features of the program are expected to be issued in September 2025.

About Synchrony
Synchrony (NYSE: SYF) is a premier consumer financial services company delivering one of the industry’s most complete digitally-enabled product suites. Our experience, expertise and scale encompass a broad spectrum of industries including digital, health and wellness, retail, telecommunications, home, auto, outdoor, pet and more. We have an established and diverse group of national and regional retailers, local merchants, manufacturers, buying groups, industry associations and healthcare service providers, which we refer to as our “partners.” We connect our partners and consumers through our dynamic financial ecosystem and provide them with a diverse set of financing solutions and innovative digital capabilities to address their specific needs and deliver seamless, omnichannel experiences. We offer the right financing products to the right customers in their channel of choice. For more information, visit www.synchrony.com. 

Contact:

Michelle Blaya Romero

Synchrony
[email protected] 

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SOURCE Synchrony Financial

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Cineverse to Bring Legendary’s The Toxic Avenger Back to Theaters in 2025 with Unrated Wide Release Directed by Macon Blair and Starring Peter Dinklage

PR Newswire


Highly Acclaimed Gory Superhero Comedy Earned a 92% Score on Rotten Tomatoes After Wowing Audiences at Fantastic Fest


LOS ANGELES
, Jan. 22, 2025 /PRNewswire/ — Cineverse(Nasdaq: CNVS), a next-generation entertainment studio, today announced the highly anticipated theatrical release of The Toxic Avenger, a daring and darkly comedic reimagining of the cult-classic franchise that first took the world by storm in the 1980s. Directed by Macon Blair (I Don’t Feel at Home in This World Anymore) and starring Emmy and Golden Globe winner Peter Dinklage (Game of Thrones), this fresh take on the beloved anti-hero known as “Toxie” will premiere as an unrated wide release later this year. Cineverse acquired all U.S. and Canadian theatrical, home entertainment, and streaming rights through a deal with Legendary Entertainment.

In this bold new chapter of the classic midnight movie franchise created by Lloyd Kaufman and Troma Entertainment; a shocking accident transforms downtrodden janitor Winston Gooze (Dinklage) into a mutant vigilante. Armed with his signature mop, the unlikely hero battles freaks, gangsters and corrupt CEOs while trying to save his relationship with his son.  The story channels the subversive gonzo energy of the original Toxic Avenger while delivering a fresh, contemporary twist.  The film features an all-star cast beyond Dinklage, including Kevin Bacon, Elijah Wood, Jacob Tremblay, Julia Davis, and Taylour Paige. Tackling themes of corporate greed and systemic social injustice, it is as outrageous and hilarious as it is relevant, with timely commentary drawn straight from today’s headlines.

Opening to critical acclaim at Fantastic Fest, The Toxic Avenger has been hailed as a riotous blend of social satire, inventive gore, and unexpected heart. With a 92% score on Rotten Tomatoes, the film reaffirms the enduring power of subversive cinema to captivate and challenge audiences.

“The Toxic Avenger isn’t just a great film; it’s an important one,” said Cineverse Chairman and CEO Chris McGurk. “Peter Dinklage’s transformative performance and Macon Blair’s fearless direction deliver a story that speaks to the anxieties of our time with outrageous humor and unflinching creativity. This is the kind of movie that major studios are averse to release because it dares to push boundaries, but Cineverse is rooted in championing bold, uncompromising storytelling. We believe audiences are ready – and eager – for films like this to take center stage.”

In reaction to the upcoming release, Lloyd Kaufman, President of Troma and creator of The Toxic Avenger commented, “Michael Herz, Toxie, and I have mopped our tears away! Macon Blair’s Fantoxic reimagining of Toxie’s life is even better than Troma’s! The Troma Fans will be ecstatic!”

Cineverse’s proven track record with unrated films, including last October’s box-office phenomenon Terrifier 3 – the highest-grossing non-rated film in U.S. history – underscores its ability to connect audiences with bold, authentic stories. The company’s horror division, Bloody Disgusting, has emerged as a champion for genre films with passionate fanbases, including the upcoming reimagining of Silent Night, Deadly Night set for release in late 2025.

“We are proud to be growing a reputation as the home for iconic franchises that have incredibly passionate fan bases who just want to see their favorite stories on the big screen,” added Cineverse Chief Content Officer Yolanda Macias. “This wouldn’t be possible without the support of indie film and bold filmmakers that come from visionaries like Mary Parent and Legendary who were determined to figure out a smart way to get this film into theaters. We are grateful for their partnership and excited to bring this big budget remake of this story to everyone who, like us, can’t wait to see Toxie back in theaters.”

“I’m beyond grateful to the team behind The Toxic Avenger who were so supportive and steady-handed as we searched for the perfect distribution partner for our film,” said Director Macon Blair. “It’s so cool that folks will have the chance to see this in theaters, it’s a fun rowdy movie you wanna see with a crowd. Mutant hero smashes bad guys with a mop: perfect entertainment for the whole family! Our goal was always to preserve the heart and spirit of the original Toxie (which was seared into my brain at a very young age) and try to make something that Troma fans would dig and at the same time do something with the character that feels fresh. Lloyd and Michael at Troma have been a blast to work with, absolutely everyone at Legendary are stars, and I can’t wait to start working with the champs at Cinverse to bring this version of Toxie to fans new and old.”

Macon Blair directed the film from a screenplay he wrote based on Lloyd Kaufman’s “The Toxic Avenger” (1984). The film is produced by Mary Parent, Alex Garcia, Lloyd Kaufman and Michael Herz. The executive producers are Andrew Pfeffer, Jay Ashenfelter and Macon Blair with casting by Mark Bennett and Julie Harkin.

Blair’s collaborators behind the camera include Emmy Award winning director of

photography, Dana Gonzalez; production designer Alexander Cameron; editors Brett W. Bachman and James Thomas; visual effects supervisor Chris Ritvo; costume designer Vanessa Porter; with music by Will Blair and Brooke Blair.

On behalf of Cineverse the deal was negotiated by Chief Legal Officer, Gary Loffredo, Chief Content Officer, Yolanda Macias and Executive Director, Acquisitions, Brandon Hill. CAA Media Finance brokered the deal on behalf of the filmmakers. 

About Bloody Disgusting

Bloody Disgusting is Cineverse’s horror division serving fans through premium editorial, audio, video and social content and branded merchandise. As the No. 1 entertainment destination for horror, Bloody Disgusting is home to the leading website in horror at bloody-disgusting.com; Bloody FM, the chart-topping horror division of Cineverse Podcast Network; Bloody Press, Cineverse’s publishing arm focused on creating and bringing audiobooks, e-books and print editions to market; and Bloody Disgusting merchandise. Bloody Disgusting also powers SCREAMBOX (SVOD) and SCREAMBOX TV (FAST channel), the content destination for casual and die-hard horror fans alike.

About Cineverse Entertainment

Cineverse super-serves passionate audiences by distributing content across all windows and platforms, from theatrical to digital to physical. This most recently includes the breakout box office successTerrifier 3 and the upcoming reimagined features in the Silent Night Deadly Night and The Toxic Avenger franchises.

About Cineverse

Cineverse (Nasdaq: CNVS) is a next-generation entertainment studio that empowers creators and entertains fans with a wide breadth of content through the power of technology. It has developed a new blueprint for delivering entertainment experiences to passionate audiences and results for its partners with unprecedented efficiency, and distributes more than 71,000 premium films, series, and podcasts.  Cineverse connects fans with bold, authentic, independent stories. Properties include the highest-grossing non-rated film in U.S. history; dozens of streaming fandom channels; a premier podcast network; top horror destination Bloody Disgusting; and more.  Powering visionary storytelling with cutting-edge innovation, Cineverse’s proprietary streaming tools and AI technology drive revenue and reach to redefine the next era of entertainment. For more information, visit home.cineverse.com.

About Legendary Entertainment

Legendary Entertainment is a leading media company with film (Legendary Pictures), television and digital (Legendary Television and Digital Media) and comics (Legendary Comics) divisions dedicated to owning, producing and delivering content to worldwide audiences. Legendary has built a library of marquee media properties and has established itself as a trusted brand which consistently delivers high-quality, commercial entertainment including some of the world’s most popular intellectual property. In aggregate, Legendary Pictures-associated productions have realized grosses of more than $20 billion worldwide at the box office. To learn more visit: www.legendary.com

CONTACTS:

For Media, The Lippin Group for Cineverse
[email protected]

For Investors, Julie Milstead
[email protected]

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SOURCE Cineverse Corp.