Connect with us

Artificial Intelligence

POET Technologies Sets Date for Annual and Special Meeting of Shareholders and Grants Options to Directors and Employees

GlobeNewswire

Published

on

TORONTO, June 15, 2020 (GLOBE NEWSWIRE) — POET Technologies Inc. (“POET” or the “Company”) (TSX Venture: PTK; OTCQX: POETF), the designer and developer of the POET Optical Interposer and Photonic Integrated Circuits (PICs) for the data center and tele-communication markets, today announced the date of its annual and special meeting of shareholders (the “Meeting”), which will be held via a virtual on-line platform.  In addition, the POET Board of Directors granted options to its non-management directors and to certain officers, employees and consultants of the Company.
Formal notice of the meeting date and record date will be provided as of June 19, 2020.  To ensure the safety of the Company’s employees and shareholders during the COVID-19 pandemic, the Meeting will be held via a virtual on-line platform on August 26, 2020 (the “Meeting Date”). Participants at the Meeting will attend remotely, using an on-line platform, which allows attendees to vote, ask questions and participate electronically in real-time, rather than attend the meeting at a physical venue. Additional information, including the record date, the time and virtual on-line platform for the Meeting will be provided at a later date.  In addition to the election of directors and the ratification of the appointment of the Company’s auditors, POET shareholders will be asked to approve an increase in the Company’s stock option pool.  A management information circular pertaining to the matters to be acted upon at the Meeting will be provided to shareholders of record prior to the Meeting.  The form of the Meeting (i.e., fully or partially virtual) is subject to change, and the Meeting Date is subject to postponement at the discretion of the Company.As part of the Company’s incentive stock option program, the Board of Directors recently granted a total of 7,114,838 options to purchase common shares to non-management directors, officers, certain employees and consultants of the Company, representing approximately 2.4% of the outstanding common shares of the Company.  The total included 1,714,838 options to non-management directors (0.59%), 4,650,000 to officers (1.6%) and 750,000 to other employees (0.26%).The options are exercisable for 10 years at a price of CAD$0.53 (US$0.39), which represents the closing price of the Company’s common shares on the TSX Venture Exchange on June 11, 2020. The directors’ options vest quarterly in arrears over each year of service as a director and represent the option portion of directors’ fees for the 12-month period beginning June 15, 2020. All other options granted to officers, employees and consultants vest 25% on the first anniversary of the grant and the balance vests quarterly over a further three-year period thereafter.The options were granted subject to provisions of the Company’s incentive stock option plan and are subject to the TSX Venture Exchange policies and applicable securities laws. For further details on the Company’s share capital, refer to the Company’s unaudited interim financial statements and MD&A for the 3-months ended March 31, 2020, which were filed on SEDAR on May 28, 2020.About POET Technologies Inc.
POET Technologies is a design and development company offering integration solutions based on the POET Optical Interposer™ a novel platform that allows the seamless integration of electronic and photonic devices into a single multi-chip module using advanced wafer-level semiconductor manufacturing techniques and packaging methods. POET’s Optical Interposer eliminates costly components and labor-intensive assembly, alignment, burn-in and testing methods employed in conventional photonics. The cost-efficient integration scheme and scalability of the POET Optical Interposer brings value to any device or system that integrates electronics and photonics, including some of the highest growth areas of computing, such as Artificial Intelligence (AI), the Internet of Things (IoT), autonomous vehicles and high-speed networking for cloud service providers and data centers. POET is headquartered in Toronto, with operations in Allentown, PA and Singapore. More information may be obtained at www.poet-technologies.com.
This news release contains “forward-looking information” (within the meaning of applicable Canadian securities laws) and “forward-looking statements” (within the meaning of the U.S. Private Securities Litigation Reform Act of 1995). Such statements or information are identified with words such as “anticipate”, “believe”, “expect”, “plan”, “intend”, “potential”, “estimate”, “propose”, “project”, “outlook”, “foresee” or similar words suggesting future outcomes or statements regarding any potential outcome. Such statements include the Company’s expectations with respect to the success of the Company’s product development efforts, the expected results of its operations, meeting revenue targets, and the expectation of continued success in the financing efforts, the capability, functionality, performance and cost of the Company’s technology as well as the market acceptance, inclusion and timing of the Company’s technology in current and future products.Such forward-looking information or statements are based on a number of risks, uncertainties and assumptions which may cause actual results or other expectations to differ materially from those anticipated and which may prove to be incorrect. Assumptions have been made regarding, among other things, management’s expectations regarding the success and timing for completion of its development efforts, financing activities, receiving full payment for its sale of its DenseLight subsidiary, future growth, plans for and completion of projects by the Company’s third-party consultants, contractors and partners, availability of capital, and the necessity to incur capital and other expenditures. Actual results could differ materially due to a number of factors, including, without limitation, operational risks in the completion of the Company’s anticipated projects, delays or changes in plans with respect to the development of the Company’s anticipated projects by the Company’s third-party relationships, risks affecting the Company’s ability to execute projects, the ability of the Company to generate sales for its products, the ability to attract key personnel, and the ability to raise additional capital. Although the Company believes that the expectations reflected in the forward-looking information or statements are reasonable, prospective investors in the Company’s securities should not place undue reliance on forward-looking statements because the Company can provide no assurance that such expectations will prove to be correct. Forward-looking information and statements contained in this news release are as of the date of this news release and the Company assumes no obligation to update or revise this forward-looking information and statements except as required by law.Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.
120 Eglinton Avenue, East, Suite 1107, Toronto, ON, M4P 1E2- Tel: 416-368-9411 – Fax: 416-322-5075

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

Artificial Intelligence

Worldwide Smart Retail Industry to 2027 – by Solution, Retail Offering, System, Application & Geography

GlobeNewswire

Published

on

Dublin, July 08, 2020 (GLOBE NEWSWIRE) — The “Smart Retail – Global Market Outlook (2018-2027)” report has been added to ResearchAndMarkets.com’s offering.SoftwareHardwareRetail Offerings Covered:Hardlines and Leisure GoodsFast-moving Consumer GoodsApparel and AccessoriesSystems Covered:Smart LabelVisual MarketingIntelligent SystemSmart Payment SystemOther SystemsApplications Covered:Brand ProtectionFoot-traffic MonitoringInventory ManagementLoyalty Management and PaymentPredictive Equipment MaintenanceSmart Fitting RoomRegions Covered:USCanadaMexicoEuropeGermanyUKItalyFranceSpainRest of EuropeAsia PacificJapanChinaIndiaAustraliaNew ZealandSouth KoreaRest of Asia PacificSouth AmericaArgentinaBrazilChileRest of South AmericaMiddle East & AfricaSaudi ArabiaUAEQatarSouth AfricaRest of Middle East & AfricaWhat our report offers:Market share assessments for the regional and country-level segmentsStrategic recommendations for the new entrantsCovers Market data for the years 2017, 2018, 2019, 2023 and 2027Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis, etc.Strategic recommendations in key business segments based on the market estimationsCompetitive landscaping mapping the key common trendsCompany profiling with detailed strategies, financials, and recent developmentsSupply chain trends mapping the latest technological advancementsKey Topics Covered:Research and Markets also offers Custom Research services providing focused, comprehensive and tailored research.CONTACT: ResearchAndMarkets.com
Laura Wood, Senior Press Manager
press@researchandmarkets.com
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900

Continue Reading

Artificial Intelligence

NexTech is Presenting at Wall Street Reporter’s “NEXT SUPER STOCK” Livestream Conference on July 9th, 2020

GlobeNewswire

Published

on

NEW YORK and TORONTO, July 08, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), an emerging leader in augmented reality for eCommerce, Video Conferencing and Virtual Events, is pleased to announce that NexTech CEO Evan Gappelberg will be presenting at Wall Street Reporter’s “Next Super Stock” livestream conference on July 9th, 2020.
CLICK HERE TO SIGN UPEvan will update investors on NexTech’s latest technological advances, the recent surge in business from its Video Conferencing and Virtual Events platform InfernoAR, plus the company’s record revenue growth, all as the company pursues four multi-billion dollar verticals in AR.NexTech’s live presentation will take place at 12:30PM Eastern, on Thursday July 9th, 2020The 20-minute presentation will be followed by a question and answer session. To learn more about the event, and sign up for free, click:CLICK HERE TO SIGN UPFor those unable to join the live event, a video of the presentation will be posted later.About “Next Super Stock Live!” conference:
Wall Street Reporter’s “NEXT SUPER STOCK Live!” The conference is dedicated to featuring select companies that have near-term catalysts in place which can drive transformational growth (and stock appreciation) in the months ahead.
Recent Company Highlights in 2020:July 2, 2020: Hired Arnaud Amet as Director of Sales for Europe. Mr. Amet situated in Paris, France comes from regional and global sales and marketing roles in Microsoft (MSFT) where he worked for over a decade ending in 2015. He also has significant experience with his own startup in sales and marketing of AR/VR to large brands partnering with Facebook (FB), Huawei and Microsoft.
 
June 29, 2020: signed a contract to supply its InfernoAR video conferencing and virtual events platform to the Dallas Independent School District (Dallas ISD).
 
June 19, 2020: NexTech closed a private placement of 1,528,036 units priced at the market price of $2.10 per unit (the “Units”) for gross proceeds of $3,208,875 (the “Offering”). This financing provides the company with a healthy cash and inventory position of over $7.5million – its highest ever.
 
June 18, 2020: Company announces that it has signed a partner supplier agreement with BDA, LLC. BDA Sports will be using the InfernoAR virtual event platform for their signature annual Think Tank 2020 program for teams in NHL, NBA, MLB, and NFL.
 
June 10, 2020: Company signed a partner agreement and contract to provide its InfernoAR Virtual Events platform services to Skybridge World Dubai clients.  Skybridge is a leading events, exhibition and marketing solutions provider to global corporations whose clients include: Emirates Glass, IBM, Lilly, Henkel, Amgen and many others. NexTech and Skybridge have already solidified their partnership and signed up their first customer, Bohringer Ingelheim.
 
June 4, 2020 The company launched its new ARitize360 app now live and available for a FREE download on both iOS and Android. The app’s 3D scan technology will add to the revenue-generating power of its AR eCommerce solution and its recently launched 3D/AR advertising platform.
 
June 3, 2020: The company achieved record revenue and gross profit for the month of May 2020. Both revenue and gross profit showed dramatic increases in May. Notably, compared to May 2019, the company’s revenue increased 169% to $1,300,000 while gross profit grew 290% to $800,000 representing the highest revenue and gross profit ever achieved in a single month.
 
June 1, 2020 : CEO Evan Gappelberg purchased 100,000 shares. It was reported that on 5/5/2020 he purchased 929,885 common shares of NexTech common stock, this is his fourth buy for the year 2020.
 
May 25, 2020: Signed a contract to supply its Augmented Reality Solutions to a $30 billion market capital, publicly-traded global technology company.
 
May 22, 2020: The company announced very positive results for its recently launched 3D/AR Ad Network which went live on February 4th 2020. Using the company’s 3D/AR ads resulted in a 300% increase in sales conversions, a 32% increase in click-through-rate (CTR) and a 23% lower cost per click than traditional 2D ads.
 
May 21, 2020: InfernoAR Virtual Events platform chosen to supply a $13 billion capital, publicly-traded global insurance company, for their global leadership two day summit starting June 6th.
 
May 19, 2020: Inferno AR integration with Cvent Solutions optimizing the entire InfernoAR event management value chain. Integration with CVENT will broaden the utility and increase the appeal of the platform by helping end-users seamlessly register and become more productive while using the platform.
 
May 14, 2020: Q1 Revenue grows 177% to $2.5 million, Gross Profit grows 267% to $1.3 million, Working Capital of $3.5 million.
 
May 12, 2020: InfernoAR platform integration with all major video platforms including its previously announced integration with Zoom, Microsoft Teams, Skype, and new integrations with Cisco Webex, BlueJeans, Google Hangouts, Google Meet, and GoToMeetings. These critical integrations continue to extend the capabilities of the platform, broaden the utility of the platform and help end-users become even more productive while using the platform.About NexTech AR Solutions Corp.NexTech is one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™.The company is pursuing four verticals in AR.ARitize™ For eCommerce: The company launched its technologically advanced webAR for eCommerce early in 2019 and has been rapidly signing up customers onto its SaaS platform. Customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ​‘full funnel’ end-to-end eCommerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.ARitize™ 3D/AR Advertising Platform: launched in Q1 2020 the ad platform will be the industry’s first end-to-end solution whereby the company will leverage its 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.InfernoAR: the world’s most advanced Augmented Reality and Video Learning Experience Platform for Events, is a SaaS video platform that integrates Interactive Video, Artificial Intelligence and Augmented Reality in one secure platform to allow enterprises the ability to create the world’s most engaging virtual event management and learning experiences. Automated closed captions and translations to over 64 languages put InfernoAR in a class by itself.ARitize™ Hollywood Studios: expected to launch in 2020, the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform.To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.On behalf of the Board of NexTech AR Solutions Corp.
Evan Gappelberg
CEO and Director
For further information, please contact:Evan Gappelberg
Chief Executive Officer
info@nextechar.com
The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

Continue Reading

Artificial Intelligence

Causality Link Adds Veteran IBM Natural Language Processing (NLP) Engineer Craig Trim as Senior Software Engineer – NLP

GlobeNewswire

Published

on

Salt Lake City, July 08, 2020 (GLOBE NEWSWIRE) — Causality Link, an advanced, artificial intelligence (AI)-driven investment technology provider, today announced the addition of veteran software engineer and natural language processing (NLP) expert Craig Trim as senior software engineer – NLP.Trim joins Causality Link having spent the majority of his 20-year software engineering career with IBM, during which time he contributed to over 200 filed patents. He was most recently a senior managing consultant, leading teams in the inception, creation and deployment of chatbots for top companies in the energy, telecommunications and automotive industries. Joining IBM as an intern in 2000, Trim has since been lead engineer for formal offerings in Watson Group, has led teams developing the auto-generation of knowledge graphs, and has led the design and implementation of large-scale e-commerce sites. In addition to his time at IBM, Trim was chief technology officer for Dristi, a cognitive computing company, where he led research and development to create a first-of-a-kind “Audience OS” and cognitive analytics platform. At Causality Link, Trim will lead efforts to enhance the company’s Research Assistant. This initiative will include increasing the number of data sources ingested, the speed at which the data is processed, the insights garnered from the data and more.“Causality Link is an exciting melding of tried and true technology and cutting-edge innovation that is rare to find and has been instrumental in their success thus far,” said Trim. “I look forward to developing and implementing ways to propel the platform even further to gather more insights from more sources in less time.”“Craig is a true trailblazer in the NLP space,” said Pierre Haren, co-founder and CEO of Causality Link. “During his prolific tenure at IBM, he pioneered the use of NLP in ontology learning to look for relationships between data, which is a critical part of our operation. We are thrilled to bring this inventive thinking to Causality Link as we drive our technology to the next level.”Causality Link’s unique, AI-powered research platform extracts the knowledge contained within millions of documents and other text-based sources to provide investors and analysts with a unique perspective on companies, industries and macroeconomic drivers. By aggregating explicitly stated cause-and-effect relationships between market indicators and company key performance indicators (KPIs), the Causality Link platform provides clients with more significant, longer-lasting, less emotional and more precise insights and forecasts.With the overall aim of improving transparency in financial markets, the Causality Link platform models the forces acting on the markets, leveraging machine learning (ML) and natural language processing (NLP) techniques to weave together the insights and creativity of experts in understanding the causal relationships at work in the financial world. The solution is leading the next wave of AI innovation that leverages technology to combine human knowledge from thousands of authors.About Causality LinkWith its advanced AI-driven research platform, Causality Link helps investment research professionals produce smarter decisions by better understanding the “causal links” between their subjects and various market indicators. Causality Link was formed on the notion that long-term success in AI and Machine Learning requires a balance of human and machine collaboration that leverages the strongest qualities in each. Causality Link’s platform merges explicit expert knowledge of causation – not simply correlation – with the mathematical power of predictive analytics enabling professionals to gain big-picture understanding of the financial markets. Visit www.causalitylink.com to learn more. AttachmentCraig TrimMichael Kingsley
Forefront Communications for Causality Link
212-320-8984
mkingsley@forefrontcomms.com

Continue Reading

Trending

Roboticulized is part of PICANTE Media and Events, a leading media and boutique event organizer in the European Union with a monthly reach of +50,000 readers. The official company (PROSHIRT SRL), has been listed for 4 years in a row among the top 3 Advertising and market research agencies in the local Top Business Romania Microcompanies based on the Financial Reports. Roboticulized digests / hand picks the latest news about the AI industry and serves them to you daily.

Contact us: sales@picante.today

Editorial / PR Submissions

© Roboticulized.com 2019 - 2020 - part of PICANTE Media. All rights reserved. Registered in Romania under Proshirt SRL, Company number: 2134306, EU VAT ID: RO21343605. Office address: Blvd. 1 Decembrie 1918 nr.5, Targu Mures, Romania