Market Newsdesk

GRAND CAYMAN, Cayman Islands, July 05, 2023 (GLOBE NEWSWIRE) — Patria Investments (“Patria”) (NASDAQ: PAX), a global alternative asset manager, announced today an agreement for the formation of a joint venture with Bancolombia, the leading full-service financial conglomerate incorporated in Colombia, with more than 148 years of experience serving clients in Colombia and Central America. The partnership will leverage Patria’s extensive private markets expertise in Latin America with Bancolombia’s well-established distribution capabilities to further expand access to alternative investment products in Colombia. At its inception, the JV will manage a permanent capital real estate investment vehicle with approximately US$1 billion of assets under management, which is the second largest fund in Colombia and focused broadly across market sectors.

“We’re very excited to announce this partnership with Bancolombia, which continues our efforts to build comprehensive local asset management practices that can provide investors with tailored alternatives products in their local currencies, as well as access to Patria’s suite of existing regional products” said Alex Saigh, Patria’s CEO. “Patria is already an established investor in Colombia through our private equity and infrastructure funds, and joining with a leading brand and distribution partner gives us a more complete presence in the country.”

The Colombian long-term savings market totals approximately US$145 billion, which has supported the growth and evolution of a US$10+ billion alternative asset management industry providing investment solutions for mandatory & voluntary pensions, life insurance companies, and private investors. Patria’s 35-year expertise in identifying, designing, and managing long-term investment solutions for institutional and private investors, together with Bancolombia’s leading position in the financial industry and developed distribution network, will allow this joint venture to provide innovative solutions to foster the local alternative asset management industry and drive long-term growth for clients.

“The creation of a new company in alliance with Patria Investments will allow us to evolve the Colombian alternative asset market, and boost our value proposition for our clients to include world-class investment solutions in Colombia” said Juan Carlos Mora, Bancolombia’s CEO.

Transaction Overview

While specific financial details of the transaction are not being disclosed, the joint venture will be structured with 51% ownership by Patria and 49% by Bancolombia, with approximately $1 billion of Fee Earning AUM at inception. Patria will contribute capital to be deployed over multiple years to support joint venture operations, as well as to fund GP commitments to promote growth of the existing real estate investment vehicle and new funds within other asset classes. The transaction is expected to close during Q3 2023, and expected to be accretive to Patria’s Fee Related Earnings and Distributable Earnings from day one.

Patria’s management team will be available to discuss the transaction on Patria’s upcoming 2^nd quarter 2023 earnings call.

About Patria Investments

Patria is a leading alternative investment firm focused on Latin America, with over 35 years of history and combined assets under management of $27.3 billion, and a global presence with offices in 10 cities across 4 continents. Patria aims to provide consistent returns in attractive long term investment opportunities that allow for portfolio diversification through its Private Equity, Infrastructure, Credit, Public Equities and Real Estate products. Through its investments Patria seeks to transform industries generating attractive returns for its investors, while creating sustainable value for society.

Further information is available at www.patria.com.

About Bancolombia

Grupo Bancolombia is a financial group with 148 years of experience that operates in Colombia and Central America, serving more than 29 million clients with financial and non-financial products and services. It includes a full range of banking solutions, trading, trust, asset management, leasing, factoring, and investment banking, among others. To generate a positive impact in the community, the organization is driven by its purpose of promoting sustainable economic development to achieve everyone´s well-being. Grupo Bancolombia delivers its products and services via its regional network comprised of Colombia’s largest non-government owned banking network, El Salvador’s leading financial conglomerate (Banagricola S.A.), International banking and local (Banistmo S.A.) banking subsidiaries in Panama, Guatemala, Cayman and Puerto Rico.

Disclaimer:

This press release is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any securities of Patria Investments Limited. The information contained herein does not purport to be all-inclusive. The data contained herein is derived from various internal and external sources. Any estimates or projections included should not be relied upon as being necessarily indicative of future results.

Forward Looking Statements:

This press release may contain 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. You can identify these forward-looking statements by the use of words such as “outlook,” “indicator,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “could,” “would,” “should,” “seeks,” “approximately,” “predicts,” “intends,” “plans,” “estimates,” “anticipates” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. We believe these factors include but are not limited to those described under the section entitled “Risk Factors” in our annual report on Form 20-F for the year ended December 31, 2021, as such factors may be updated from time to time in our periodic filings with the United States Securities and Exchange Commission (“SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in our periodic filings. We caution you not to place undue reliance on any forward-looking statements, which speak only as of the date of this investor presentation. We undertake no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, and if we do update one or more forward-looking statements, no inference should be drawn that we will make additional updates with respect to those or other forward-looking statements. There can be no assurance that the proposed transactions described in this presentation, which are subject to certain closing conditions, will be completed, nor can there be any assurance, if the transactions are completed, that any potential benefits of the transactions will be realized. The description of the transactions contained herein is only a summary and does not purport to be complete.

Press service:

Brazil – Ideal H+K Strategies (

[email protected]

)

Rodrigo Fonseca: +55 11 9.4846-5003 / [email protected]

Patria Shareholder Relations:

Josh Wood: +1 917 769 1611 / [email protected]

MARLBOROUGH, Mass. and YOKNEAM ILLIT, Israel, July 05, 2023 (GLOBE NEWSWIRE) — ReWalk Robotics Ltd. (Nasdaq: RWLK) (“ReWalk” or “the Company”), a leading provider of innovative technologies that enable mobility and wellness in rehabilitation and daily life for individuals with neurological conditions, announced that it will host a conference call and webcast on Tuesday, July 11, 2023 to discuss the recent proposal from the Centers for Medicare & Medicaid Services (“CMS”) to include personal exoskeletons in the Medicare benefit category for braces as part of the Calendar Year 2024 Home Health Prospective Payment System Proposed Rule, CMS-1780-P (“Proposed Rule”), released on June 30, 2023.

The Proposed Rule would establish a regulatory definition of “brace” and specify that exoskeletons like the ReWalk Personal Exoskeleton fit in this definition. Once finalized, the Medicare benefit category for personal exoskeletons would be clear – i.e., the Medicare benefit category for “leg, arm, back, and neck braces” – and payment would be on a lump sum basis. The Proposed Rule has a 60-day comment period ending on Tuesday, August 29 at 5 pm EDT. During the comment period, interested stakeholders can submit comments and feedback on the proposal prior to its expected finalization in early November.

Additional information on the Proposed Rule can be found at https://www.federalregister.gov/public-inspection/2023-14044/medicare-program-calendar-year-2024-home-health-prospective-payment-system-rate-update-home-health, as well as in the Company’s corresponding press release, issued June 30, 2023, at https://ir.rewalk.com/news-releases/news-release-details/rewalk-robotics-applauds-medicare-proposal-include-personal.

Larry Jasinski, Chief Executive Officer, and Michael Lawless, Chief Financial Officer, will host a conference call and live webcast on July 11^th at 8:30 a.m. EDT to discuss the potential impact of the Proposed Rule. They will be joined on the call by Jeannine Lynch, Vice President of Strategy and Market Access, and Ashley Barnes, exoskeleton advocate and ReWalk Personal Exoskeleton user since 2015.

To access the call, analysts and investors may utilize the following:

The conference call will be webcast live and the webcast can be accessed through a link on the Company’s website at rewalk.com in the “Investors” section, or through the following link: https://edge.media-server.com/mmc/p/3dupfmju. An archived webcast will also be available on the Company’s website.

About ReWalk Robotics Ltd.:
ReWalk Robotics Ltd. is a medical device company that designs, develops, and commercializes innovative technologies that enable mobility and wellness in rehabilitation and daily life for individuals with neurological conditions. ReWalk’s mission is to fundamentally change the quality of life for these individuals through the creation and development of market leading technologies. Founded in 2001, ReWalk has operations in the United States, Israel, and Germany. For more information on the ReWalk systems, please visit rewalk.com.

ReWalk® and ReStore® are registered trademarks of ReWalk Robotics Ltd. in the United States and other jurisdictions.

Forward-Looking Statements

In addition to historical information, this press release contains forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, 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. Such forward-looking statements may include projections regarding ReWalk’s future performance, statements regarding the Proposed Rule and its contents, which are preliminary and subject to further review and revision by CMS prior to publication, the timing for publication and effectiveness of the final rule, and the potential business or regulatory impact of the final rule once published and effective, and other statements that are not statements of historical fact and, in some cases, may be identified by words like “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “should,” “would,” “seek” and similar terms or phrases. The forward-looking statements contained in this press release are based on management’s current expectations, which are subject to uncertainty, risks and changes in circumstances that are difficult to predict and many of which are outside of ReWalk’s control. Important factors that could cause ReWalk’s actual results to differ materially from those indicated in the forward-looking statements are more fully discussed in ReWalk’s periodic filings with the Securities and Exchange Commission (“SEC”), including the risk factors described under the heading “Risk Factors” in ReWalk’s annual report on Forms 10-K and 10-K/A for the year ended December 31, 2022 filed with the SEC and other documents subsequently filed with or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. Factors or events that could cause ReWalk’s actual results to differ from the statements contained herein may emerge from time to time, and it is not possible for ReWalk to predict all of them. Except as required by law, ReWalk undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future developments or otherwise.

ReWalk Media Relations:

John Tomlin
E: [email protected]

ReWalk Investor Contact:

Mike Lawless
Chief Financial Officer
ReWalk Robotics Ltd
E: [email protected]

NEW YORK, July 05, 2023 (GLOBE NEWSWIRE) — Stronghold Digital Mining, Inc. (NASDAQ: SDIG) (“Stronghold”, the “Company”, or “we”) today provided the following operational update:

Bitcoin Mining

During the month of June, Stronghold was awarded approximately 225 Bitcoin through its mining operations, which, when combined with April and May Bitcoin production, equates to over 626 Bitcoin mined during the second quarter of 2023. This represents approximately 43% growth compared to Bitcoin awards during the fourth quarter of 2022 and 1% sequential growth compared to the first quarter of 2023 despite Bitcoin network hash rate growth of 39% and 23% during the same periods, respectively.

During June 2023, the Company received and energized the 2,000 Avalon 1346 Bitcoin mining rigs associated with its previously announced Canaan Bitcoin Mining Agreement. The Company continues to actively evaluate incremental opportunities, representing over 1 EH/s, to fill its remaining data center slots. While no assurances can be made that Stronghold will be able to consummate any of these transactions, the Company continues to believe that it will be able to fill its existing 4 EH/s of data center capacity by the end of the third quarter of 2023. Beyond the 4 EH/s of data center capacity at the Company’s wholly owned Scrubgrass and Panther Creek plants, Stronghold has extensively evaluated opportunities to deploy its additional 25 MW of end-to-end data center equipment that it owns in inventory, which includes 20 proprietary StrongBox containers and the transformers, breakers, and switchgear to support them. The Company expects to make a decision on the location of a third site for the deployment of the data center equipment during the third quarter of 2023.

About Stronghold Digital Mining, Inc.

Stronghold is a vertically integrated Bitcoin mining company with an emphasis on environmentally beneficial operations. Stronghold houses its miners at its wholly owned and operated Scrubgrass and Panther Creek plants, both of which are low-cost, environmentally beneficial coal refuse power generation facilities in Pennsylvania.

Cautionary Statement Concerning Forward-Looking Statements

Certain statements contained in this press release, including guidance, constitute “forward-looking statements.” within the meaning of the Private Securities Litigation Reform Act of 1995. You can identify forward-looking statements because they contain words such as “believes,” “expects,” “may,” “will,” “should,” “seeks,” “approximately,” “intends,” “plans,” “estimates” or “anticipates” or the negative of these words and phrases or similar words or phrases which are predictions of or indicate future events or trends and which do not relate solely to historical matters. Forward-looking statements and the business prospects of Stronghold are subject to a number of risks and uncertainties that may cause Stronghold’s actual results in future periods to differ materially from the forward-looking statements. These risks and uncertainties include, among other things: the hybrid nature of our business model, which is highly dependent on the price of Bitcoin; our dependence on the level of demand and financial performance of the crypto asset industry; our ability to manage growth, business, financial results and results of operations; uncertainty regarding our evolving business model; our ability to retain management and key personnel and the integration of new management; our ability to raise capital to fund business growth; our ability to maintain sufficient liquidity to fund operations, growth and acquisitions; our substantial indebtedness and its effect on our results of operations and our financial condition; uncertainty regarding the outcomes of any investigations or proceedings; our ability to enter into purchase agreements, acquisitions and financing transactions; public health crises, epidemics, and pandemics such as the coronavirus pandemic; our ability to procure crypto asset mining equipment from foreign-based suppliers; our ability to maintain our relationships with our third party brokers and our dependence on their performance; our ability to procure crypto asset mining equipment; developments and changes in laws and regulations, including increased regulation of the crypto asset industry through legislative action and revised rules and standards applied by The Financial Crimes Enforcement Network under the authority of the U.S. Bank Secrecy Act and the Investment Company Act; the future acceptance and/or widespread use of, and demand for, Bitcoin and other crypto assets; our ability to respond to price fluctuations and rapidly changing technology; our ability to operate our coal refuse power generation facilities as planned; our ability to remain listed on a stock exchange and maintain an active trading market; our ability to avail ourselves of tax credits for the clean-up of coal refuse piles; and legislative or regulatory changes, and liability under, or any future inability to comply with, existing or future energy regulations or requirements. More information on these risks and other potential factors that could affect our financial results is included in our filings with the Securities and Exchange Commission, including in the “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” sections of our Annual Report on Form 10-K filed on April 3, 2023. Any forward-looking statement or guidance speaks only as of the date as of which such statement is made, and, except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements or guidance, whether because of new information, future events, or otherwise.

Investor Contact:

Matt Glover or Alex Kovtun
Gateway Group, Inc.
[email protected]
1-949-574-3860

Media Contact:

[email protected]

TOKYO, July 05, 2023 (GLOBE NEWSWIRE) — SYLA Technologies Co., Ltd.(NASDAQ: SYT) (“SYLA” or “the Company”), operator of the largest membership real estate crowd-funding platform in Japan, announced that its Real Estate Crowdfunding Service, Rimawari-kun, has been ranked as the top real estate crowdfunding platform in Japan by total memberships for the second year in a row, according to a market-wide survey performed by the Japan Marketing Research Organization.

Rimawari-kun connects unique and broad real estate project exhibitors and exhibits with investors by way of a unified, and enhanced user experience (UX). Rimawari-kun advertises profit opportunities for investors via yield and social contribution as investments work towards regional revitalization in Japan. As of June 22, 2023, the number of registered members of Rimawari-kun has exceeded 260,000.

Since June 1, 2023, SYLA has been running a campaign and commemorative fund to celebrate the inception anniversary of the Rimawari-kun platform. Furthermore, in July of 2023, the Company plans to launch an additional campaign to commemorate the status as the two year consecutive leader in real estate crowdfunding membership in Japan. Details of this campaign will be announced early in July.

“The announcement of our two-year achievement as the top real estate crowdfunding platform in Japan signals a benchmark moment for our Company,” said SYLA’s Chairman, Founder, and CEO Hiroyuki Sugimoto. “Investors of all wealth-brackets in Japan are increasingly becoming aware of the opportunity our platform has to offer in the realm of real estate investment, and we have delivered steady value to our investors. We look to continue to promote democratization of real estate investment across Japan, and subsequently internationally, through our Rimawari-kun.”

About SYLA Technologies Co., Ltd.

Headquartered in Tokyo, Japan, our company consists of SYLA Technologies Co., Ltd. and its consolidated subsidiaries (SYLA Co., Ltd., SYLA Solar Co., Ltd., SYLA Brain Co., Ltd., and SYLA Biotech Co., Ltd.). The Company owns and operates the largest membership real estate crowd-funding platform in Japan, Rimawari-kun, which targets individuals, corporate and institutional investors, as well as high net worth individuals. Their mission is to democratize real estate investment around the world through technology and asset management through the Rimawari-kun platform. They are engaged in the overall investment condominium business, including planning, development, construction, sales, rental management, building management, repair work, and the sale of properties. Additional information about the Company’s products and services is available at https://syla-tech.jp/en

Cautionary Note Regarding Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. For example, the Company is using forward-looking statements when it discusses the expected gross proceeds and the closing of the offering. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. For a more detailed description of the risks and uncertainties affecting the Company, reference is made to the Company’s reports filed from time to time with the Securities and Exchange Commission (“SEC”), including, but not limited to, the risks detailed in the Company’s annual report on Form 20-F, filed with the SEC on April 18, 2023. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release.

Contact Information

Gateway Group, Inc.
John Yi and Thomas Thayer
[email protected]
Tel +1 (949) 574-3860

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/57cca5bd-6cc2-47c7-bc1d-94efa8bbeb8a

DALLAS and HARLEM, N.Y., July 05, 2023 (GLOBE NEWSWIRE) — Invitation Homes Inc. (NYSE: INVH) (“Invitation Homes” or the “Company”), the nation’s premier single-family home leasing company, and Esusu, a leading financial technology company advancing rent reporting and data solutions for credit building, today announced a new partnership to make Esusu’s platform for financial health solutions available at no cost to Invitation Homes residents across 80,000+ homes nationwide. This collaboration will provide free positive credit reporting to nearly 200,000 adult residents of Invitation Homes.

Since its inception in 2018, Esusu has empowered millions of renters to enhance their credit scores by reporting on-time rent payments to the three major credit bureaus. This partnership signifies a meaningful step forward in the single-family rental industry and marks one of Esusu’s most significant platform expansions to date.

“We work hard every day to provide an exceptional experience for our residents by offering high-quality homes, excellent service, and amenities that make their lives easier, and this partnership with Esusu extends our commitment to enhancing our residents’ financial well-being,” said Dallas Tanner, CEO of Invitation Homes. “This collaboration reinforces Invitation Homes’ dedication to offering choice and flexibility, and we believe that by providing free positive credit reporting for all of our adult residents we are further removing barriers to housing choice and helping our residents achieve their financial goals.”

“With this collaboration, we believe Esusu and Invitation Homes are forging a path toward financial empowerment by helping dismantle barriers to economic opportunities,” remarked Wemimo Abbey and Samir Goel, Co-Founders of Esusu. “Esusu’s commitment to enhancing the financial well-being of renters drives us to offer transformative credit-building services and a comprehensive platform for financial health. We believe that partnering with Invitation Homes, a long-standing leader in the single-family rental market, enables us to scale Esusu’s vision to bridge the racial wealth gap and positively transform communities nationwide.”

About Esusu

Esusu is the leading financial technology platform that leverages data solutions to empower residents and improve property performance. Esusu’s rent reporting platform captures rental payment data and reports it to credit bureaus to boost credit scores. This allows renters to build and establish their credit scores while helping property owners mitigate against initiating evictions, powered by differentiated data and insights. Founded in 2018, Esusu reaches over 4 million rental units across all 50 states in the United States. Learn more at www.esusurent.com and follow us on Instagram @myesusu and on Twitter @getesusu.

About Invitation Homes

Invitation Homes, an S&P 500 company, is the nation’s premier single-family home leasing company, meeting changing lifestyle demands by providing access to high-quality, updated homes with valued features such as proximity to jobs and access to good schools. The Company’s mission, “Together with you, we make a house a home,” reflects its commitment to providing homes where individuals and families can thrive and high-touch service that continuously enhances residents’ living experiences.

Forward-Looking Statements

This press 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”), which include, but are not limited to, statements related to the Company’s expectations regarding the performance of the Company’s business, its financial results, its liquidity and capital resources, and other non-historical statements. In some cases, you can identify these forward-looking statements by the use of words such as “outlook,” “believes,” “expects,” “potential,” “continues,” “may,” “will,” “should,” “could,” “seeks,” “projects,” “predicts,” “intends,” “plans,” “estimates,” “anticipates,” or the negative version of these words or other comparable words. Such forward-looking statements are subject to various risks and uncertainties, including, among others, risks inherent to the single-family rental industry and the Company’s business model, macroeconomic factors beyond the Company’s control, competition in identifying and acquiring properties, competition in the leasing market for quality residents, increasing property taxes, homeowners’ association and insurance costs, poor resident selection and defaults and non-renewals by the Company’s residents, the Company’s dependence on third parties for key services, risks related to the evaluation of properties, performance of the Company’s information technology systems, risks related to the Company’s indebtedness, risks related to the potential negative impact of unfavorable global and United States economic conditions (including inflation and rising interest rates), uncertainty in financial markets (including as a result of recent bank failures and events affecting financial institutions), geopolitical tensions, natural disasters, climate change, and public health crises on the Company’s financial condition, results of operations, cash flows, business, associates, and residents. Accordingly, there are or will be important factors that could cause actual outcomes or results to differ materially from those indicated in these statements. The Company believes these factors include, but are not limited to, those described under Part I. Item 1A. “Risk Factors” of the Annual Report on Form 10-K for the year ended December 31, 2022 (the “Annual Report”), as such factors may be updated from time to time in the Company’s periodic filings with the Securities and Exchange Commission (the “SEC”), which are accessible on the SEC’s website at www.sec.gov. These factors should not be construed as exhaustive and should be read in conjunction with the other cautionary statements that are included in this release, in the Annual Report, and in the Company’s other periodic filings. The forward-looking statements speak only as of the date of this press release, and the Company expressly disclaims any obligation or undertaking to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except to the extent otherwise required by law.

Invitation Homes Contacts

Investor Relations:

Scott McLaughlin
Phone: 844.456.INVH (4684)
Email: [email protected]

Media Relations:

Kristi DesJarlais
Phone: 972.421.3587
Email: [email protected]

Esusu Contact

SGPR on behalf of Esusu
[email protected]

MALTA, N.Y., July 05, 2023 (GLOBE NEWSWIRE) — GlobalFoundries (NASDAQ: GFS) today announced that it will host a conference call on Tuesday, August 8, 2023, at 8:30 a.m. ET following the release of the company’s second quarter 2023 financial results.

Conference Call and Webcast Information

The company will host a conference call with the financial community on Tuesday, August 8, 2023, at 8:30 a.m. ET. Interested parties may join the scheduled conference call by registering here.

The company’s financial results and a webcast of the conference call will be available on GlobalFoundries’ Investor Relations website at https://investors.gf.com.

About GF

GlobalFoundries Inc. (GF) is one of the world’s leading semiconductor manufacturers. GF is redefining innovation and semiconductor manufacturing by developing and delivering feature-rich process technology solutions that provide leadership performance in pervasive high growth markets. GF offers a unique mix of design, development and fabrication services. With a talented and diverse workforce and an at-scale manufacturing footprint spanning the U.S., Europe and Asia, GF is a trusted technology source to its worldwide customers. For more information, visit www.gf.com.

©GlobalFoundries Inc. GF, GlobalFoundries, the GF logos and other GF marks are trademarks of GlobalFoundries Inc. or its subsidiaries. All other trademarks are the property of their respective owners.

For further information, please contact:


                 
[email protected]

WOBURN, Mass., July 05, 2023 (GLOBE NEWSWIRE) — Bridgeline Digital, Inc. (NASDAQ: BLIN), a leader in cloud-based marketing technology software, is proud to announce that Designerie, a premier importer and distributor of European Designer-Focused Furniture, has chosen HawkSearch, Bridgeline’s advanced AI-powered search solution, to drive their ecommerce operations.

The premier importer and distributor of European designer-focused furniture has committed to a 36-month agreement with HawkSearch across two of its websites, Designerie and Sika-Design. They selected HawkSearch for its scalability to additional sites through the BigCommerce connector, advanced merchandising and recommendations capabilities, and ability to work with variant logic, all of which gave it an edge over competitor solutions. Using HawkSearch, websites such as Designerie have experienced an increase of over 50% more traffic, alongside a 20% boost in conversions. Designerie will also utilize HawkSearch’s Rapid UI Framework for fast implementation on its sites powered by BigCommerce MSF (Multi Storefront).

Since 2008, Designerie has been a trusted name in importing and distributing unique, high-quality furniture across the United States and Europe. They are dedicated to providing excellent service and promoting growth in the exclusive furniture market.

Drawing on over a decade of experience serving international distributors such as Valken Sports and Brownells, HawkSearch drives ecommerce growth through AI-powered features like Smart Search, Dynamic Targeting, and accelerated search solution implementation with Rapid UI Framework.

“We’re absolutely delighted to be teaming up with Designerie. They’re a real force to be reckoned with in the designer furniture industry. We’re looking forward to being a part of their digital journey and helping them take their online business to the next level.” Said Ari Kahn, CEO of Bridgeline Digital.

About Bridgeline Digital

Bridgeline Digital assists businesses in boosting their online revenue by increasing traffic, conversion rates, and average order value. To learn more, please visit www.bridgeline.com.

Contact:

Danielle Erwin

SVP of Marketing

Bridgeline Digital

[email protected]