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Alpha Modus Files Patent-Infringement Lawsuit Against Adroit Worldwide Media (AWM) Over Cashierless and Smart-Shelf Technologies
Globenewswire· 2025-11-05 12:00
Core Viewpoint - Alpha Modus Holdings, Inc. has filed a federal patent-infringement lawsuit against Adroit Worldwide Media, Inc. for unauthorized use of its patented retail-intelligence and cashierless-checkout technologies [1][2]. Group 1: Patent Infringement Details - The lawsuit claims infringement of four U.S. patents related to real-time inventory management, personalized shopper engagement, and automated checkout experiences [2]. - Alpha Modus alleges that AWM's products, including AWM Frictionless and Smart Shelf, utilize its patented methods without authorization [2][3]. Group 2: Legal Actions and Objectives - The complaint seeks damages, enhanced penalties for willful infringement, and a permanent injunction against further violations by AWM [3]. - Alpha Modus emphasizes the importance of its intellectual property (IP) in the retail AI sector and aims to protect shareholder value through decisive legal actions [4]. Group 3: Strategic Enforcement - This lawsuit is part of a broader strategy by Alpha Modus to enforce its patents and strengthen its monetization pipeline [5]. - The company’s patent portfolio includes technologies that enhance in-store analytics and customer engagement, bridging online and offline retail experiences [4][6].
UPDATE -- Rezolve Ai Smashes Past $50 Billion in GMV in Explosive Start to 2025, Over 50 Major Enterprises Now Live and Scaling
Globenewswire· 2025-04-24 13:41
Core Insights - Rezolve Ai reported immaterial revenue for 2024 as it focused on establishing a strategic foundation for commercial scale, with significant growth in platform usage expected in 2025 [1] - The company is now operational with over 50 enterprise customers, including notable brands like Liverpool and KFC, indicating strong market traction [2] - The CEO emphasized that 2025 marks a pivotal year for retail AI, with the platform driving billions in commerce and accelerating demand for AI-powered engagement [3] Financial Performance - Rezolve Ai's financial foundation was strengthened in 2024 through a $59 million debt-to-equity conversion, a $15 million growth capital raise, and a new $30 million loan facility [7] - The company secured a $9.8 million annual contract with Liverpool Mexico, contributing significantly to 2025 revenues [8] Platform Metrics - As of 2025, Rezolve's technology is embedded in over 41.9 million consumer devices, with 16.5 million monthly active users [9] - The platform has processed over $50 billion in Gross Merchandise Value (GMV) this year, averaging $3.3 billion per week, with over 13.5 million transactions executed year-to-date [10] - The platform delivered over 8 billion API calls, an 80% increase year-on-year, and 27.9 million GeoZone triggers for context-aware promotions [10] Strategic Outlook - Rezolve Ai anticipates achieving a $100 million estimated Annual Recurring Revenue (ARR) target by year-end 2025, driven by new deployments and contracts [12] - The company is focused on disciplined capital allocation while remaining open to strategic acquisitions that enhance value [13]
Rezolve Ai Smashes Past $50 Billion in GMV in Explosive start to 2025, Over 50 Major Enterprises Now Live and Scaling
Globenewswire· 2025-04-24 12:00
Core Insights - Rezolve Ai reported immaterial revenue for 2024, focusing on establishing a strategic foundation for commercial scale, with significant growth in platform usage expected in 2025 [1] - The company has over 50 enterprise customers, including notable brands like Liverpool and KFC, indicating strong market traction [2] - The CEO emphasized that 2025 marks a pivotal year for retail AI, with the platform driving billions in commerce and accelerating demand for AI-powered engagement [3] Financial Performance - Rezolve Ai's financial foundation was strengthened through a $59 million debt-to-equity conversion, a $15 million growth capital raise, and a new $30 million loan facility [7] - The company secured a $9.8 million annual contract with Liverpool Mexico, contributing significantly to 2025 revenues [8] Platform Metrics - The platform is embedded on over 41.9 million consumer devices, with 16.5 million monthly active users, delivering over 8 billion API calls and 27.9 million GeoZone triggers in 2025 [9][10] - The platform processed over $50 billion in Gross Merchandise Value (GMV) so far in 2025, averaging $3.3 billion per week, with over 13.5 million transactions executed year-to-date [10] Strategic Initiatives - Rezolve Ai completed its NASDAQ listing in August 2024 and launched strategic partnerships with Microsoft and Google [11] - The company is pursuing a transformative crypto payment initiative with Tether, set to launch this year [11] Future Outlook - Rezolve Ai anticipates achieving a $100 million estimated Annual Recurring Revenue (ARR) target by year-end 2025, driven by new deployments and enterprise contracts [12] - The company is focused on disciplined capital allocation while remaining open to strategic acquisitions [13]
Rezolve Ai Smashes Past $50 Billion in GMV in Explosive start to 2025, Over 50 Major Enterprises Now Live and Scaling
Newsfilter· 2025-04-24 12:00
Core Insights - Rezolve Ai reported immaterial revenue for 2024, focusing on establishing a strategic foundation for commercial scale, with significant growth in platform usage expected in 2025 [1][3] - The company is now operational with over 50 enterprise customers, including notable brands like Liverpool and KFC, indicating strong market traction [2][3] Financial Performance - The company achieved a $59 million debt-to-equity conversion, a $15 million growth capital raise, and secured a new $30 million loan facility, enhancing its financial stability [7] - Rezolve Ai anticipates reaching a $100 million estimated Annual Recurring Revenue (ARR) by year-end 2025, driven by new contracts and deployments [12] Platform Metrics - As of 2025 YTD, Rezolve's platform processed over $50 billion in Gross Merchandise Value (GMV), averaging $3.3 billion per week, with over 13.5 million transactions executed [10] - The platform is embedded on 41.9 million consumer devices, with 16.5 million monthly active users, and has delivered over 8 billion API calls, reflecting an 80% year-on-year increase [9][10] Strategic Initiatives - Rezolve Ai has formed strategic partnerships with Microsoft and Google, and launched a transformative crypto payment initiative with Tether [11] - The company is committed to disciplined capital allocation while remaining open to acquisitions that provide strategic value [13]