Market Newsdesk

SAN FRANCISCO, Dec. 21, 2020 (GLOBE NEWSWIRE) — TONI Digital, a leading European insurtech provider, has chosen Socotra, the first cloud-native insurance core platform, to power the new TONI insurance-as-a-service technology platform for the white-label insurance market.

TONI Digital has developed an insurance-as-a-service solution enabling large corporations to quickly enter the insurance market, generate revenue, and leverage existing brand and customer bases. Built on Socotra’s agile core platform, TONI Digital’s new proprietary insurtech service will be able to automate all aspects of the insurance life-cycle. It will offer highly competitive insurance premiums and integrate with established risk carriers. Insurers will be able to provide customers with user-friendly, fully-digital experiences and transparent, affordable insurance products. The service is launching with personal auto insurance and will continue to expand into other lines of business.

TONI Digital has heavily invested in its new proprietary insurtech platform, which it began developing on Socotra’s cloud-native insurance core platform just 10 months ago. By using Socotra’s modern product architecture and open APIs, TONI Digital’s new insurtech platform has the agility needed to add new insurance products and distribution partners at an unprecedented speed. As a result, TONI Digital was able to quickly design, develop, and launch a comprehensive, cloud-based service providing corporations with highly customizable insurance products.

“Socotra handed us the essential underlying insurance functionality as a readily developed product on a silver platter,” said Alexander Sanders, TONI Digital CTO. “Integrating the Socotra insurance core using their well-documented APIs was easy. Additionally, we can configure everything ourselves—no phone calls or time-consuming and costly customizations needed. At the same time, Socotra fits perfectly into our vision of TONI developing highly-valuable intellectual property on our own TONI Digital insurance tech platform. As an example, we built our highly-flexible, self-hosted, proprietary pricing engine on top of Socotra’s cloud-native core. We also took a similar approach to developing integrations with 3rd party providers, and creating our customer-facing frontend and features. This hybrid-approach of Socotra’s cloud-native core and our proprietary technologies and integrations is a glimpse of the future of insurance technology.”

“It’s exciting to see what a talented team can build on Socotra’s platform,” said Dan Woods, Socotra CEO. “The TONI Digital team is taking full advantage of Socotra’s extensibility to empower banks, retailers, and other businesses to provide their customers with custom digital insurance products. We’re thrilled to partner with them as they build out the personal auto insurance service and explore additional lines of business.”

Carriers interested in Socotra can visit www.socotra.com to learn more or contact [email protected] to request a demo and 30-day free trial.

About
TONI Digital

TONI Digital offers Europe’s leading insurance-as-a-service offering and enables companies and corporations to quickly enter the insurance market without requiring any insurance know-how, insurance licence or insurance IT system. TONI’s proprietary insurance tech platform offers a fully digital and state-of-the-art customer experience in all aspects of the insurance life cycle while achieving unprecedented cost ratios due to its high degree of process automation. To learn more, visit www.tonidigital.ch.

About Socotra

Founded in 2014 and based in San Francisco, Socotra is a modern, enterprise-grade core system that enables global insurers to accelerate product development, reduce maintenance costs, and improve customer experiences. Insurers trust Socotra’s modern technology to rapidly develop products that better serve their customers and manage their existing books of business. Socotra’s flexible, radically open, cloud-native solution unifies underwriting, rating, policy management, claims, billing, reporting, and more. To learn more, visit www.socotra.com.

Media Contact

Zara Andrabi
[email protected]

New York, Dec. 21, 2020 (GLOBE NEWSWIRE) — Martech Record, the first and only independent authority on the partnership marketing space, today released the first ever affiliate marketing buyer’s guide to help marketing professionals have increased transparency into affiliate marketing platforms. The Buyer’s Guide reveals reviews and data directly on the top platforms, all based on survey results from Martech Record’s industry insider panel of experts.

Affiliate marketing spend has grown to become a nearly $7 billion industry and is a tactic leveraged by 80% of U.S. brands with more than $200 million in revenue, according to a 2020 Forrester report. The industry is set to continue to grow but marketers lack transparency into the technologies that are intended to help achieve their affiliate marketing objectives. With industry information historically being controlled by the platforms, The Buyer’s Guide relies on data from industry insiders to help decision-makers achieve an expanded awareness and deeper understanding of the products available in today’s marketplace.

“Everyone is doing it and for good reason: affiliate marketing works. That said, there are countless ways to work with thousands of publishers and dozens of platforms and networks but little transparency into best practices,” said Michael McNerney, Founder and CEO of Martech Record. “By publishing unbiased data through reports, surveys, and buyer’s guides as well as hosting events with industry insiders, we hope to bring more transparency to marketers, share best practices, and help them make more informed decisions.”

Martech Record’s industry insider panel is a group of more than 75 affiliate industry experts who actively manage programs with experience supporting retail, travel, direct-to-consumer (DTC), healthcare, telecom, and finance brands. The majority of the panel (60%) currently manages programs with over $25 million in affiliate revenue and share a collective experience of buying and selling marketing technologies. The Buyer’s Guide is based on data and responses to a 22 question survey on platforms’ tech, usability, customer services, pricing, and publisher networks.

By applying a consistent set of evaluation criteria, the Buyer’s Guide helps marketers simplify the decision making process through category rankings and a new benchmark: The Martech Record Market Presence Index, a weighted benchmark that measures buyers’ consideration, awareness, and preference. Additionally, the Guide includes Buyer’s Cheat Sheets, which reflect helpful qualitative feedback, such as: 

• “This data, can I trust it? The [customer services] reps even tell us they are not 100% confident in the attribution tracking.” 
• “[Their] support is fantastic — and it needs to be because you’ll ask a million questions.”
• “Great for programs without budget. Low barrier, low risk and implementation is pretty simple.”
• “Pricing is like an old cell phone plan where you get blocks of data … it does not scale.” 

“Brands of all sizes look to affiliate marketing platforms to help drive lead-gen but it is simply bad business to make six figure decisions based on biased or incomplete information,” McNerney continues.

Martech Record intends to publish an updated Buyer’s Guide each quarter as well as host virtual events with industry experts on a variety of topics. Martech Record’s second event, “The Intersection of Commerce and Content” will occur in early 2021. To receive updates about upcoming events, sign up via https://www.martechrecord.com/our-events.

Martech Record is an independent authority that brings transparency to the affiliate industry. By publishing unbiased data through reports, surveys, and buyer’s guides as well as hosting valuable events, Martech Record helps empower marketing executives responsible for tech and data purchases to make better, well-informed decisions. 

To learn more about Martech Record and The Buyer’s Guide, visit: https://www.martechrecord.com/get-the-guide. 

About Martech Record
Martech Record is an independent source of information on affiliate marketing platforms, partnership marketing networks, and industry best practices. Through professional, unbiased content, valuable in-person events, and detailed buyer’s guides, Martech Record brings transparency to the partnership marketing industry that has historically only been shared via word of mouth, and often with commercial bias. Setting a new standard for industry information, Martech Record helps marketers make good decisions and achieve their marketing goals. For more information, visit https://www.martechrecord.com/. 

Martech Record’s research reflects the survey results of its industry insider panel and Martech Record does not endorse any vendor, product, or service reviewed on its site and in its materials.

[email protected]

CHANHASSEN, MN, Dec. 21, 2020 (GLOBE NEWSWIRE) — Waytek, Inc., a family-owned specialty distributor of electrical components, is pleased to announce that it has received the Gold Standard of Achievement from Intelligentics for improvement in customer service via email communication.

Intelligentics, a provider of data-driven analysis and reporting services to help clients improve customer service, presents the Gold Standard of Achievement to companies that reach a score of 95 or higher in key customer service areas.  

“Waytek attained the Gold Standard of Achievement for customer service through email after only one year,” said Tom Vander Well, CEO, Intelligentics. “This typically takes companies two or three years to accomplish. Waytek’s improvement efforts and commitment to third-party validation demonstrate their remarkable commitment to customer service. It’s great to see a company who takes their mission statement seriously and puts real action behind it.”

“At Waytek, we pride ourselves on providing an exceptional customer experience,” said Kevin Pung, Waytek’s Chief Customer Officer. “Receiving the Gold Standard of Achievement from Intelligentics, a rigorous independent evaluator, shows that we have made progress in the important area of customer service via email.” 

Waytek enlisted the help of Intelligentics to do an initial assessment of email communications in the Waytek customer service department. Intelligentics established a baseline score of 79.9 out of a possible 100 and identified areas in most need of improvement. Waytek went to work improving key elements of email-related customer service such as providing greater clarity of answers, being sensitive to time-related service issues, and anticipating customers’ related questions when responding.

After a full year of ongoing monitoring and scoring, Intelligentics has now awarded Waytek with the Gold Standard level of performance for averaging more than 95 points on the scoring system.

Waytek has seen further validation of its efforts in recent surveys in which customers have scored Waytek significantly higher on email communications than in previous years.   

“Although we are proud to have received the Gold Standard for email—and for the value it represents to our customers—Waytek still has room for additional customer service improvements,” said Pung. “We look forward to finding more opportunities to help achieve our mission of providing an exceptional customer experience.”

About Waytek:

In 2020, Waytek marks 50 years as a company. Waytek is fiercely dedicated to quickly getting our mobile industry customers the quality electrical parts they need, when they need them, shipping over 99.5% of orders the same day.* Waytek is a family-owned business supplying electrical parts to manufacturers and upfitters specializing in wire harnesses and mobile equipment including trucks, trailers, ag equipment, construction equipment, emergency, specialty, and marine vehicles. With a mission to provide an exceptional customer experience, Waytek’s job is to make your job sourcing electrical parts easy.

About Intelligentics:

“Where intelligence meets tactics.” For over 30 years, Intelligentics has provided clients with customer-centric solutions for measuring and improving customer service and satisfaction. Intelligentics offers a full array of CSAT and CX research services as well as customized quality assessment, training, and coaching services to help clients translate data into actual tactics for improving the customer experience.

*Orders entered by 4:00 PM CST.

Attachment

• Intelligentics_Award_2019-2020

Steve Green
Waytek, Inc.
612-364-5650
[email protected]

MONACO, Dec. 21, 2020 (GLOBE NEWSWIRE) — Safe Bulkers, Inc. (the Company) (NYSE: SB), an international provider of marine drybulk transportation services, announced today that it has entered into an agreement for the acquisition of a Japanese-built, dry-bulk, Post-Panamax class, 87,000 dwt, newbuild vessel at an attractive price with a scheduled delivery within the third quarter of 2022. The vessel is designed to meet the latest requirements of Energy Efficiency Design Index related to Green House Gas, GHG emissions, ‘EEDI, Phase 3’. It will also comply with the latest NOx emissions regulation, NOx-Tier III. 

In parallel, the Company has entered into an agreement for a new term loan facility of up to 60% post-delivery financing of this acquisition, an increase of the commitment under the existing revolving credit facility from $20 million to $30 million and the extension of its maturity date, initially scheduled to expire in 2022, by up to 2 years under the same pre-existing financial covenants. The financing transaction was evaluated and approved by the Board of Directors of the Company, excluding an independent member of the Board of the Company, who serves as the Chief Executive Officer of the financial institution that is the lender in the transaction.  

Presently, the Company’s liquidity stands at $167.5 million including cash and cash equivalents, restricted cash and funds available under sale and lease back agreement, new term loan agreement and the revolving credit facility. Our aggregate remaining capital expenditure requirements for the acquisition of this newbuild and the newbuild contracted for in October 2020 are $51.8 million. 

Dr. Loukas Barmparis, President of the Company commented: “We continue to invest in technologically advanced vessels complying with the latest environmental regulations in an effort to renew our fleet. The Company’s capital expenditure requirements for the purchase of this newbuild are being financed through the new financial agreements. Safe Bulkers maintains a strong financial position with liquidity exceeding $167 million, that provides us with the required financial flexibility, and a previously announced at the market equity offering, that may be utilized at stock prices levels and at times that the Company deems to be appropriate.”

About Safe Bulkers, Inc.

The Company is an international provider of marine drybulk transportation services, transporting bulk cargoes, particularly coal, grain and iron ore, along worldwide shipping routes for some of the world’s largest users of marine drybulk transportation services. The Company’s common stock, series C preferred stock and series D preferred stock are listed on the NYSE, and trade under the symbols “SB”, “SB.PR.C”, and “SB.PR.D”, respectively.

Forward-Looking Statements

This press release contains forward-looking statements (as defined in Section 27A of the Securities Exchange Act of 1934, as amended, and in Section 21E of the Securities Act of 1933, as amended) concerning future events, the Company’s growth strategy and measures to implement such strategy, including expected vessel acquisitions and entering into further time charters. Words such as “expects,” “intends,” “plans,” “believes,” “anticipates,” “hopes,” “estimates” and variations of such words and similar expressions are intended to identify forward-looking statements. Although the Company believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of the Company. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in the demand for drybulk vessels, competitive factors in the market in which the Company operates, risks associated with operations outside the United States and other factors listed from time to time in the Company’s filings with the Securities and Exchange Commission. The Company expressly disclaims any obligations or undertaking to release any updates or revisions to any forward-looking statements contained herein to reflect any change in the Company’s expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based.

For further information please contact:

Company Contact:

Dr. Loukas Barmparis
President
Safe Bulkers, Inc.
Tel.: +30 2 111 888 400
+357 25 887 200
E-Mail: [email protected] 

Investor Relations / Media Contact:

Nicolas Bornozis, President
Capital Link, Inc.
230 Park Avenue, Suite 1536
New York, N.Y. 10169
Tel.: (212) 661-7566
Fax: (212) 661-7526
E-Mail: [email protected]

FREDERICTON, New Brunswick, Dec. 21, 2020 (GLOBE NEWSWIRE) — Sea-level rise is projected to hit the Maritimes in a major way, estimated to climb anywhere from 26 to 100 centimetres by 2100. Coastal salt marshes are a natural defence against storm surges, as their reedy grasses provide a stable base, buffering wave action on the coast.

That’s why Ducks Unlimited Canada (DUC) is taking steps to restore these saltwater marshes, and in some cases, completely adapting its habitat management of its own projects to make it happen.

A decades-old DUC habitat project site at Rivière du Nord on New Brunswick’s Acadian Peninsula is one example where DUC is taking this new course of action. DUC developed the site in 1992 to increase waterfowl breeding habitat while maintaining the stocks of fish like Atlantic salmon and brook trout.

DUC built a 250-metre dike, converting the salt marsh into an artificial freshwater site, complete with a fish ladder, which allowed fish to access the habitat within the upper tributary. The freshwater marsh provided important breeding habitat for American black ducks and a host of other wetland species.

This fall, DUC breached the dike to allow salt water to flow back into the marsh so the habitat functions more naturally. Within a few months of the tidal exchange, salt grasses will begin to pop up. Over the next two to five years, the marsh will be on its way to fighting against the coastal erosion of New Brunswick’s shores.

These efforts are also expected to help stabilize the population of Maritime ringlets, an endangered butterfly species. Maritime ringlets have made a habitat just 500 metres away from the restored marsh, on the banks of the Rivière du Nord. Once the salt marsh is restored, experts hope the butterflies will make their way over and repopulate.

Full story: https://www.ducks.ca/stories/atlantic/re-wilding-at-riviere-du-nord/

Quotes/Available for interviews:

“Salmon and trout will still be in the picture, and also smelt will use that system. There’s a significant nutrient load that gaspereau bring into these systems that help it function. American eels are also an extremely important species within this system. Through this restoration work, we hope to provide improved access to their habitat. They have been in steady decline over a number of years. Waterfowl will also continue to benefit as black ducks will make extensive use of this marsh during spring and fall migration periods.”

• Frank Merrill, DUC conservation program specialist, New Brunswick.
  

“It’s peaceful. It’s like having an Aspirin. If you get a headache, you take an Aspirin. If I get a headache, I go in the marsh.”

• Philip Bouchard, aka “Mr. Duck”, longtime DUC volunteer
  

Ducks Unlimited Canada

 delivers wetland conservation that benefits every Canadian. We keep the water in your lakes and rivers clean. We protect your community from the effects of flood and drought. We save wildlife and special natural places. We use science to find solutions to the most important environmental issues of the day and we collaborate with people who are helping create a healthier world. The wetlands we save aren’t just for ducks; they’re for all of us.

For an interview or to learn more about this story, please contact:

Frank Merrill
Conservation program specialist, Ducks Unlimited Canada
[email protected]
Phone: 506-442-1994

Photo accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/03d84adb-995d-46c1-b010-5d9517290c11

https://www.globenewswire.com/NewsRoom/AttachmentNg/0f50c30b-0598-43a8-928c-eb988753fb0a

TORONTO, Dec. 21, 2020 (GLOBE NEWSWIRE) — Dividend 15 Split Corp. (the “Company”) today announced it has renewed its at-the-market equity program (“ATM Program”) that allows the Company to issue shares of the Company to the public from time to time, at the Company’s discretion, effective until July 4, 2022. This ATM Program replaces the prior program established in July 2020 that has terminated. Any Class A Shares or Preferred Shares sold in the ATM Program will be sold through the Toronto Stock Exchange (the “TSX”) or any other marketplace in Canada on which the Class A Shares and Preferred Shares are listed, quoted or otherwise traded at the prevailing market price at the time of sale. Sales of Class A Shares and Preferred Shares through the ATM Program will be made pursuant to the terms of an equity distribution agreement dated December 17, 2020 (the “Equity Distribution Agreement”) with National Bank Financial Inc. (the “Agent”).

Sales of Class A Shares and Preferred Shares will be made by way of “at-the-market distributions” as defined in National Instrument 44-102 Shelf Distributions on the TSX or on any marketplace for the Class A Shares and Preferred Shares in Canada. Since the Class A Shares and Preferred Shares will be distributed at the prevailing market prices at the time of the sale, prices may vary among purchasers during the period of distribution. The ATM Program is being offered pursuant to a prospectus supplement dated December 17, 2020 to the Company’s short form base shelf prospectus dated July 3, 2020. The maximum gross proceeds from the issuance of the shares will be $100,000,000. Copies of the prospectus supplement and the short form base shelf prospectus may be obtained from your registered financial advisor using the contact information for such advisor, or from representatives of the Agent and are available on SEDAR at www.sedar.com.

The volume and timing of distributions under the ATM Program, if any, will be determined at the Company’s sole discretion. The Company intends to use the proceeds from the ATM Program in accordance with the investment objectives and investment strategies of the Company, subject to the investment restrictions of the Company.

The Company invests in a high quality portfolio of leading Canadian dividend-yielding stocks as follows: Bank of Montreal, Bank of Nova Scotia, Canadian Imperial Bank of Commerce, Royal Bank of Canada, Toronto-Dominion Bank, National Bank of Canada, CI Financial Corp., BCE Inc., Manulife Financial, Enbridge, Sun Life Financial, TELUS Corporation, Thomson Reuters Corporation, TransAlta Corporation, TC Energy Corporation.

Certain statements included in this news release constitute forward-looking statements, including, but not limited to, those identified by the expressions “expect”, “intend”, “will” and similar expressions to the extent they relate to the Company. The forward-looking statements are not historical facts but reflect the Company’s current expectations regarding future results or events. These forward-looking statements are subject to a number of risks and uncertainties that could cause actual results or events to differ materially from current expectations. Although the Company believes that the assumptions inherent in the forward-looking statements are reasonable, forward-looking statements are not guarantees of future performance and, accordingly, readers are cautioned not to place undue reliance on such statements due to the inherent uncertainty therein. The Company undertakes no obligation to update publicly or otherwise revise any forward-looking statement or information whether as a result of new information, future events or other such factors which affect this information, except as required by law. Commissions, trailing commissions, management fees and expenses all may be associated with mutual fund investments. Investors should read the prospectus before investing. Mutual funds are not guaranteed, their values change frequently and past performance may not be repeated. Please read the Company’s publicly filed documents which are available at


www.sedar.com


.

Investor Relations: 1-877-478-2372        
Local: 416-304-4443      
www.dividend15.com      
[email protected]

DOYLESTOWN, Pa., Dec. 21, 2020 (GLOBE NEWSWIRE) — Neuropathix, Inc. (OTCQB: NPTX), (the “Company” or “Neuropathix”), a socially responsible pain management life sciences company, announced today that it acquired neuroprotective and anticonvulsant small-molecule drug technology from Advanced Neural Dynamics, Inc., (“AND”) and Fox Chase Chemical Diversity Center, Inc., on December 18, 2020. Exemplification of this technology can be found in issued US Patent 8,609,849 entitled “Novel Hydroxylated Sulfamides Exhibiting Neuroprotective Action and Their Method of Use.” All relevant intellectual property rights have been acquired by Neuropathix for stock and cash purchase considerations. Neuropathix, Advanced Neural Dynamics and Fox Chase Chemical Diversity Center look forward to further characterizing and developing a novel class of anticonvulsant drugs designed to treated refractory epilepsy and neuropathic pain. All three companies are located within the Pennsylvania Biotechnology Center in Doylestown, PA.

“This is a pure-play life science acquisition on treatments for refractory epilepsy and neuroprotection,” stated Dean Petkanas, CEO of Neuropathix, Inc. “The acquired IP from Fox Chase and Advanced Neural Dynamics are compelling, SBIR NIH study grant validated neuroprotectant compounds. These acquisitions provide Neuropathix another exciting avenue for strong clinical pipelines. Additionally, having world-class life sciences professionals in Douglas Brenneman, Chief Scientific Officer from Advanced Neural Dynamics and Neuropathix Strategic Advisory Board member and Allen Reitz, CEO of Fox Chase, allied with our company further strengthens our path towards clinical validation and commercialization.”

About Neuropathix, Inc.

Neuropathix is a biopharmaceutical company focused on the research and development of a pipeline of next generation socially responsible pain management and neuroprotective therapeutics to treat patients with significant unmet medical needs. Over the past ten years, Neuropathix has discovered, developed and patented a global intellectual property estate, led by its lead clinical target, KLS-13019, as novel new therapeutic agents designed to prevent and reverse neuropathic pain, reduce oxidative stress, and act as anti-inflammatory neuroprotectants. The Company’s family of patented monotherapeutic molecules focuses on treating oxidative stress-related diseases, chronic pain management and neurodegenerative disorders. The therapeutic targets include chemotherapy-induced peripheral neuropathy (CIPN), a chronic neuropathy caused by toxic chemotherapeutic agents; hepatic encephalopathy (HE), a neurotoxic brain-liver disorder caused by excessive concentrations of ammonia and ethanol in the brain; mild traumatic brain injury (mTBI), a disorder associated with single and repetitive impact injuries; and chronic traumatic encephalopathy (CTE) a disease associated with highly repetitive impact injuries in professional and amateur sports. Neuropathix conducts its research and development efforts at the Pennsylvania Biotechnology Center of Bucks County in Doylestown, PA.

For more information about Neuropathix, visit www.neuropathix.com and the Company’s Twitter page at @neuropathix.

Forward-Looking Statements

This press release may contain certain forward-looking statements and information, as defined within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934 and is subject to the Safe Harbor created by those sections. This press release contains statements about expected future events, the ability to successfully integrate Fox and AND into the Company, the Company’s business plan, plan of operations, the viability of the Company’s and/or Fox and AND’s drug candidates, and/or financial results that are forward-looking in nature and subject to risks and uncertainties. Such forward-looking statements, by definition, involve risks and uncertainties. The Company does not sell or distribute any products that are in violation of the United States Controlled Substances Act.

CONTACTS:

Public Relations:

Kathryn Reinhardt
Account Supervisor
CMW Media
P. 858-264-6600
E: [email protected] 
www.cmwmedia.com 

Investor Relations:

Louie Toma
Managing Director
CORE IR
P: 516-222-2560
E: [email protected] 
www.coreir.com 

What you need to know:

• Verizon Business and Deloitte are building an extended ecosystem for 5G and mobile edge computing (MEC) solutions aimed at manufacturing and retail.
• The first deployment will be a smart factory solution that identifies and predicts quality defects on the assembly line. The solution will automatically alert plant engineering and management in near real-time through the use of computer vision and sensor based detection utilizing mobile edge compute, SD-WAN and VNS.

NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — Verizon Business is teaming with Deloitte to co-innovate 5G and mobile edge computing (MEC) solutions that can transform manufacturing and retail, and ultimately expand to other sectors. The companies plan to create transformational solutions to serve client-specific needs using Deloitte’s industry and solution engineering expertise combined with Verizon’s advanced mobile and private enterprise wireless networks, 5G Edge MEC platform, IoT, Software Defined-Wide Area Network (SD-WAN), and VNS Application Edge capabilities.

Verizon and Deloitte are collaborating on innovative solutions to transform manufacturers into “real-time enterprises” with real-time intelligence and business agility by integrating next-gen technologies including 5G, MEC, computer vision and AI with cloud and advanced networking. The companies are co-developing a smart factory solution at Verizon’s Customer Technology Center in Richardson, TX that will utilize computer vision and sensor-based detection coupled with MEC to identify and predict quality defects on the assembly line and automatically alert plant engineering and management in near real-time.

The companies will also introduce an integrated network and application edge compute environment for next generation application functionality and performance that reduces the need for manual quality inspection, avoids lost productivity, reduces production waste, and ultimately lowers the cost of raw materials and improves plant efficiency. The combination of SD-WAN and VNS Application Edge will bring together software defined controls, application awareness, and application lifecycle management to deliver on-demand network transformation and edge application deployment and management.

 “By bringing together Verizon’s 5G and MEC prowess with Deloitte’s deep industry expertise and track record in system integration with large enterprises on smart factories, we plan to deliver cutting-edge solutions that will close the gap between digital business operations and legacy manufacturing environments and unlock the value of the end-to-end digital enterprise,” said Tami Erwin, CEO of Verizon Business. “This collaboration is part of Verizon’s broader strategy to align with enterprises, startups, universities and government to explore how 5G and MEC can disrupt and transform nearly every industry.”

“In our recently published Deloitte Advanced Wireless Adoption study, over 85% of US executives surveyed indicated that advanced wireless is a force multiplier that will unlock the full potential of edge computing, AI, Cloud, IoT, and data analytics. Our collaboration with Verizon combines Deloitte’s business transformation expertise with advanced wireless and MEC technology to deliver game changing solutions,” said Ajit Prabhu, US Ecosystems & Alliances Strategy Officer and 5G/Edge Computing Commercialization leader, Deloitte Consulting LLP.

Learn more information about Verizon 5G Edge and Verizon’s 5G technology.

About Verizon

Verizon Communications Inc. (NYSE, Nasdaq: VZ) was formed on June 30, 2000 and is celebrating its 20th year as one of the world’s leading providers of technology, communications, information and entertainment products and services. Headquartered in New York City and with a presence around the world, Verizon generated revenues of $131.9 billion in 2019. The company offers data, video and voice services and solutions on its award-winning networks and platforms, delivering on customers’ demand for mobility, reliable network connectivity, security and control.

About Deloitte

Deloitte provides industry-leading audit, consulting, tax and advisory services to many of the world’s most admired brands, including nearly 90% of the Fortune 500® and more than 7,000 private companies. Our people come together for the greater good and work across the industry sectors that drive and shape today’s marketplace — delivering measurable and lasting results that help reinforce public trust in our capital markets, inspire clients to see challenges as opportunities to transform and thrive, and help lead the way toward a stronger economy and a healthier society. Deloitte is proud to be part of the largest global professional services network serving our clients in the markets that are most important to them. Now celebrating 175 years of service, our network of member firms spans more than 150 countries and territories. Learn how Deloitte’s more than 330,000 people worldwide connect for impact at www.deloitte.com.

VERIZON’S ONLINE MEDIA CENTER: News releases, stories, media contacts and other resources are available at www.verizon.com/about/news/. News releases are also available through an RSS feed. To subscribe, visit www.verizon.com/about/rss-feeds/.

Media Contacts:
Chris Ashraf
[email protected]201.320.4259
Twitter: @ChrisMoonPR

Anisha Sharma
Deloitte Services LP
[email protected]
201.290.9119

 

NEW YORK, Dec. 21, 2020 (GLOBE NEWSWIRE) — VAST Data, a storage company breaking decades-old tradeoffs, today announced the first of several customers to exceed $10 million in cumulative investment in its ground-breaking Universal Storage technology. With this customer’s most recent order, they’re now able to store dozens of petabytes of financial data and serve all of their data at the speed of NVMe flash.

The move to all-flash for this customer – and many others – solves the fundamental challenge of IO wait time that is commonly associated with mechanical hard-drive based storage. By adopting VAST Data Universal Storage, financial service customers achieve radically compelling flash economics and can scale infrastructure to eliminate I/O wait time, to eliminate application latency and the freedom to implement new financial analytic and AI-based quantitative models that were never before possible.

This most recent purchase builds on the momentum VAST has experienced in the financial services industry over the last 2 years, where customers have now purchased and deployed over 100PB of Universal Storage to power the next generation of quantitative trading.

More information on Universal Storage for Quantitative Trading can be found here.

About VAST Data

Headquartered in New York City, VAST Data is a storage company bringing an end to complex storage tiering and HDD usage in the enterprise. VAST consolidates applications onto a highly scalable all-flash storage system to meet the performance needs of the most demanding workloads, while also redefining the economics of flash infrastructure to finally make it affordable enough to store all of your data on flash. Since its launch in February 2019, VAST has established itself as the fastest selling storage startup in history. VAST’s Universal Storage now powers several of the world’s leading data centric computing centers. For more information, please visit https://www.vastdata.com/ and follow VAST Data on Twitter and LinkedIn.

Media Contact

Highwire PR for VAST Data
[email protected]