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First commercial launch of biometric payment cards in Japan with LIFE CARD and IDEX Biometrics
GlobeNewswire News Room· 2025-01-27 12:02
Core Insights - IDEX Biometrics is entering the Japanese market in collaboration with LIFE CARD, introducing biometric payment cards, with commercial deployment expected in the first half of 2025 [1][2]. Company Overview - IDEX Biometrics ASA is a global leader in fingerprint biometrics, providing authentication solutions for payments, access control, and digital identity, focusing on card-based applications [6]. - LIFE CARD, established in 1952, is a prominent credit card issuer in Japan, known for its innovative advancements in the credit system and commitment to financial inclusivity [7][8]. Market Context - Japan is a significant payment market in Asia, with over 314 million credit cards issued, accounting for more than 80% of cashless transactions, indicating a strong acceptance of digital payment methods [2]. - The introduction of biometric payment cards is expected to enhance security and convenience, aligning with Japan's reputation for technological innovation in payments [5]. Strategic Implications - The partnership between IDEX Biometrics and LIFE CARD aims to differentiate LIFE CARD's offerings in the competitive credit card market, potentially increasing customer acquisition and transaction volumes [3][4]. - The integration of biometric technology is anticipated to reinforce LIFE CARD's market positioning and enhance customer lifetime value [4].
EdgeTI Closes C$4,999,490 Non-Brokered LIFE Private Placement Financing
Newsfile· 2025-01-20 23:03
Core Points - Edge Total Intelligence Inc. has successfully closed a non-brokered private placement offering, raising C$4,999,490 by issuing 9,433,000 units at a price of C$0.53 per unit [1][3] - Each unit consists of one subordinate voting share and one half of a purchase warrant, with the warrants exercisable at C$0.67 for 24 months [2] - The financing was fully subscribed by strategic long-term investors, including leading single-family investment firms in Canada [3] Financial Details - The offering generated gross proceeds of C$4,999,490, which will be utilized for sales and growth programs related to the company's Digital Twins technology, as well as general working capital [1][6] - The company paid a total of C$25,962.50 in cash finders' fees and C$125,000 to Roth Canada for financial advisory services [4] Regulatory Compliance - The offering was conducted under the listed issuer financing exemption, allowing units to be sold to purchasers in Canadian provinces (excluding Quebec) without a hold period [5] - The offering is subject to final approval from the TSX Venture Exchange [7] Company Overview - Edge Total Intelligence Inc. specializes in real-time digital operations software, particularly its edgeCore™ Digital Twin platform, which integrates multiple software applications and data sources [8] - The platform aims to enhance situational awareness and operational agility for global enterprises, service providers, and governments [8]
EdgeTI Announces LIFE Offering Private Placement
Newsfile· 2025-01-14 23:29
Core Points - Edge Total Intelligence Inc. announced a non-brokered private placement financing of up to 9,433,000 units at a price of C$0.53 per unit, aiming for gross proceeds of approximately C$4,999,490 [1] - Each unit consists of one subordinate voting share and one half of a purchase warrant, with the warrant exercisable at C$0.67 for 24 months, subject to an acceleration condition [1] - The net proceeds will be used for sales and growth programs related to the company's "Digital Twins" technology and for general working capital [4] Offering Details - The offering will be available to purchasers in Canadian provinces (excluding Quebec) under the Listed Issuer Financing Exemption, with no hold period for the securities issued [2] - The closing of the offering is contingent upon receiving necessary approvals and submitting required forms to the TSX Venture Exchange [5] Advisory Agreement - The company has entered into a financial advisory agreement with Roth Canada, Inc., which will provide strategic advisory services for a cash fee of $125,000 [7] Company Overview - Edge Total Intelligence Inc. specializes in real-time digital operations software, helping customers enhance situational awareness and accelerate actions through its edgeCore™ platform, which integrates multiple software applications and data sources into a "Digital Twin" experience [8]
Smith+Nephew's ALLEVYN™ LIFE Sacrum Foam Dressing and LEAF™ Patient Monitoring System receive ‘favorable' Evidence Bar™ ratings from ECRI for pressure injury prevention
GlobeNewswire News Room· 2025-01-14 13:00
Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, today announces that ECRI – leaders in advancing evidence-based healthcare globally - have completed updated Clinical Evidence Assessments of ALLEVYN LIFE Sacrum Foam Dressings and the LEAF Patient Monitoring System. In their latest reports, ECRI upgraded its Evidence Bar ratings for both to favorable* after assessing the most recently published clinical evidence and key outcomes for pressure injury prevention. The ECRI Evidence Bar pro ...
Trilogy Announces Life Offering
Newsfile· 2024-12-17 03:27
Vancouver, British Columbia--(Newsfile Corp. - December 16, 2024) - Trilogy AI Corp. (formerly, Ambari Brands Inc.) (CSE: TRAI) (OTCQB: TRAIF) (FSE: Y920) (the "Company") is pleased to announce (i) a non-brokered private placement offering of up to 7,000,000 common shares in the authorized share structure of the Company ("Common Shares") at a price of C$0.07 per Common Share, for aggregate proceeds of up to C$490,000 (the "LIFE Offering"), and (ii) an additional (non-LIFE) private placement (the "Private P ...
CHEEZ-IT® BRINGS COLLEGE FOOTBALL FANS' MOST ABSURD 'FANTASEEZ' TO LIFE AT THE 2024 CHEEZ-IT® CITRUS BOWL
Prnewswire· 2024-12-02 14:00
From an On-Field Wedding to Broadcasting From the World's Largest Bowl of Cheez-It Crackers – Fans Will to Live Out their Wildest College Football 'Fantaseez' with the Help of New CFO, Reality Star Kordell BeckhamCHICAGO, Dec. 2, 2024 /PRNewswire/ -- Bowl season is almost here, and the Cheez-It® Citrus Bowl is bringing more absurd experiences than ever before. College football fans have wild game day fantasies they can only dream about – like proposing on the jumbotron or delivering a halftime peptalk to th ...
Cerro de Pasco Resources Announces Amendment to LIFE Offering Document
GlobeNewswire News Room· 2024-11-19 15:44
Core Points - Cerro de Pasco Resources Inc. has filed an amended and restated offering document for a brokered private placement aiming to raise gross proceeds of $10 million through the sale of 33,333,333 units at a price of $0.30 per unit [1][2] - The offering includes a concurrent private placement for a minimum of 16,666,667 units, potentially raising an additional $5 million [2] - Each unit consists of one common share and one half of a common share purchase warrant, with warrants allowing the purchase of additional shares at $0.50 for 24 months [3] Financial Details - The total gross proceeds from the LIFE Offering and the Concurrent Private Placement could reach $15 million if the Agents' Option is fully exercised, allowing for an increase of up to $2.25 million [4] - The net proceeds will be utilized for exploration at the Quiulacocha Tailings Project and for general corporate purposes [5] Securities Information - Securities from the LIFE Offering will be immediately tradeable without a hold period under Canadian securities laws, while those from the Concurrent Private Placement will be subject to a statutory hold period [6][7] - Agents will receive a cash fee of 6% of the gross proceeds and non-transferable warrants representing 6% of the total units issued [8] Company Overview - Cerro de Pasco Resources Inc. focuses on the El Metalurgista mining concession, which contains silver-rich mineral tailings and stockpiles from over a century of mining operations [11] - The company's strategy involves reprocessing mining waste and promoting environmental remediation, contributing to a circular economy [11]
VERSES Closes Second Tranche of LIFE Offering Bringing Aggregate Funds Raised to $5.2M From Recent Offerings
GlobeNewswire News Room· 2024-11-16 01:51
Core Points - VERSES AI Inc. has successfully closed the second tranche of its non-brokered private placement, the LIFE Offering, raising gross proceeds of $512,800 [1][4] - The first tranche of the LIFE Offering raised $2,903,850, and an additional private placement of special warrants raised $1,800,000 on November 8, 2024 [1][2] - The LIFE Offering is structured to utilize the listed issuer financing exemption, allowing shares to be freely tradable without a hold period [3] Offering Details - In the second tranche, the company issued 1,025,600 LIFE Units at a price of $0.50 per unit, each consisting of one Class A Subordinate Voting share and one-half of a share purchase warrant [2] - Each warrant allows the holder to acquire one share at an exercise price of $0.70 for a period of 36 months from November 15, 2024 [2] - The offering was conducted across all provinces in Canada, except Québec, and in the United States under exemptions from registration requirements [4] Financial Aspects - The company paid a cash commission of C$30,082 to finders and advisors and issued 60,164 compensation warrants, each exercisable into one unit at the offering price for 36 months [5] - The net proceeds from the LIFE Offering will be allocated for general working capital, ongoing operations, and research and development, including the development of the Genius product [6] Company Overview - VERSES is a cognitive computing company focused on creating intelligent software systems inspired by natural principles, with its flagship product, Genius™, designed to enhance applications with reasoning, planning, and learning capabilities [8]
VERSES AI Inc. Announces Closing of First Tranche of LIFE Private Placement Offering
GlobeNewswire News Room· 2024-11-09 03:36
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQX:VRSSF) (“VERSES” or the “Company”) is pleased to announce that it closed the first tranche of its previously announced non-brokered private placement of 5,807,700 units of the Company (the "LIFE Units") at a price of $0.50 per LIFE Unit (the “Offering Price”) for aggregate gross proceeds of $2,903,850 (the ...
VERSES AI Inc. Announces Upsizing of LIFE & Private Placement Offering and Closing of Special Warrant Private Placement
GlobeNewswire News Room· 2024-11-09 02:41
THIS NEWS RELEASE IS NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES FOR DISSEMINATION IN THE UNITED STATES VANCOUVER, British Columbia, Nov. 08, 2024 (GLOBE NEWSWIRE) -- VERSES AI Inc. (CBOE: VERS) (OTCQX:VRSSF) (“VERSES” or the “Company”) is pleased to announce that it closed its previously announced non-brokered private placement of 3,600,000 special warrants of the Company (the “Special Warrants”) at a price of $0.50 (the “Offering Price”) per Special Warrant for aggregate gross proceeds of $1.8 million ...