Artificial Intelligence
NexTech CEO Evan Gappelberg Buys 250,000 Shares of Company Stock, Announces Major New Hires
- CEO continues to increase his position
- Company hires executives from major technology companies including: Oracle, IBM, SAP, Cisco to support its ambitious Asia Pacific and Japan product rollout
VANCOUVER, British Columbia, Dec. 21, 2020 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), a leading provider of virtual and augmented reality (AR) experience technologies and services for eCommerce, education, conferences and events today announced that CEO Evan Gappelberg purchased 250,000 shares.
- This is his fifth purchase for the year 2020
- This purchase brings his 2020 purchased shares to 1,279,885 common shares of NexTech
- This purchase brings his total investment in 2020 to $975,921
NexTech CEO Evan Gappelberg purchased the shares by exercising 250,000 warrants which put an additional $175,000 onto the balance sheet, further bolstering the company’s cash and inventory position which is already over $16 million.
Under the leadership of Yau Boon Lim, the company’s Asia Pacific and Japan (APJ) hires are now in place, positioning the company for significant revenue potential as it rapidly rolls out its platforms into the APJ region which has over 4 billion people and 60% of the world’s market.
China: Steven Seet, a 30-year Meetings, Incentives, Conferences and Exhibitions (MICE) industry pioneer and veteran, who has held multiple chief executive and chairmanship roles, joined NexTech as Senior Director focusing on NexTech’s MICE vertical across APJ. Steven, based in Shenzhen (China), will also help grow the China business across all verticals. Steven’s deep understanding of MICE will be a great asset to NexTech AR.
Japan: Yumi Yasuda, a 20+ year MICE and Hospitality industry veteran, is also the immediate past president Meeting Planner International Japan Chapter and sits on 2021 MPI Foundation Global Board of Trustees, joins NexTech from Chiba Convention Bureau and International Center as the Director & General Manager for Japan. Yumi-san, based in Tokyo (Japan), will be responsible for growing NexTech’s Japan business across all verticals with a preliminary focus on the MICE industry.
Korea, China, and Japan Channel Coverage: Zoy Chiang, a 20+ year IT veteran, previously held regional leadership roles in channels, operation and marketing with SAP, CISCO, and NTT Data, joining NexTech as VP, APJ Channels. Zoy based in Taipei (Taiwan), will be working closely with the team to drive the Channel business in APJ, with a preliminary focus on China, Japan & Korea.
Singapore Head of Channel Development & South Asia Channel Sales: Connie Lim, 20-year IBM veteran, where she held regional channels and marketing roles across the IBM portfolio, joins NexTech as Head of Channel Development & South Asia Channel Sales. Connie, based in Singapore, will work closely with Zoy Chiang and the Global Channel team to grow channels in APJ, and to support Zoy for South Asia Channel Sales.
Singapore VP, APJ Marketing & Inside Sales: Katherine Poh, 20+ year IBM & Oracle veteran, has held leadership roles in marketing and demand generation, joins NexTech as VP, APJ Marketing and Inside Sales. Katherine, based in Singapore, will work closely with NexTech’s CMO, Guillaume Pascual, and his global marketing team to drive strategic and tactical marketing, branding, and demand generation in APJ. Katherine will also be responsible for developing NexTech’s Inside Sales team in APJ.
Singapore Inside Sales Manager: Joan Taher, 20 years’ experience in sales and customer service, joins NexTech as an Inside Sales Manager. Joan will work closely with Katherine Poh, VP, APJ Marketing and Inside Sales, to focus on inbound leads and high-volume sales. Joan, based in Singapore, will have a preliminary focus on South Asia English speaking clients, and as a native Indonesian, will help grow the Indonesian market.
Operation & Enablement: Warren Wang, will be supporting the APJ team and channels growth. Warren will be responsible for Operation and Enablement for APJ.
Gappelberg comments; “These new hires solidify us in the APJ region and position us for significant global growth for many years to come. We are continuing to execute on our global expansion plans, so that the sun never sets for NexTech and our sales teams. I’m extremely excited for 2021 to be another record breaking year as we have positioned our company for continued rapid sales growth in fast growing industry sectors; Augmented Reality for events both live and virtual, AR for eCommerce, AR labs for education, webAR and our 3D/AR ad network.” He continues; “By being one of the first AR companies we have built a formidable AR tech stack and knowledge base, which when combined with our diverse business, creates what I believe is a very unique and powerful value proposition. Personally, I believe the current stock price still does not yet reflect NexTech’s strong market leadership position and growth potential, which is why I continue to invest personal funds in buying company shares”.
Recent Company Highlights in 2020:
December 15, 2020: NexTech announced that it has received conditional approval to list its common shares with the NEO Exchange (“NEO”). Final approval is subject to the Company fulfilling all NEO’s listing requirements. Subject to final approval by NEO, NexTech’s common shares are expected to be listed on NEO on January 5, 2021.
December 11, 2020: Expanded into China and Hired Steven Seet, as its Senior Director, Asia Pacific. In his new role, Seet will utilize his vast network and industry experience to support NexTech with its rapid expansion into Asia’s MICE industry, which according to Allied Market research is valued at $229 billion.
December 9, 2020: Announced the launch of a new collaborative streaming solution with AI and AR enhancements, that integrates with its existing Virtual Experience Platform (VXP) and its ARitize SaaS offerings. NexTech will also offer the streaming platform ‘ARoom’, as a stand-alone service externally similar to Zoom, increasing the company’s revenue potential for 2021.
December 8, 2020: Announced that the Canadian Society of Nephrology (CSN) has chosen NexTech AR’s Virtual Experience Platform (VXP) to host its 2021 Annual General Meeting, taking place May 10-13.
December 3, 2020: Company announced that it has achieved a record-breaking 315% increase in Black Friday sales year-over-year across its AR eCommerce platform. With 2020 being a year dominated by coronavirus, shoppers have shown that they will embrace the convenience and safety of online shopping more than ever.
December 2, 2020: Company announced the creation of its new Artificial Intelligence (AI) division. Through a dedicated initial team of three AI experts focused on enhancing NexTech’s AI capabilities, the company aims to gain a competitive edge and create new portfolio offerings to complement its AR; streamlining operations for clients while tapping into a market that is expected to surpass $300 billion in revenues by 2024.
December 1, 2020: The company entered into seven additional strategic channel partnerships bringing the total for the Asia Pacific region to eight. These partner agreements support both the $35B e-learning market and $229B MICE industries, two target sectors that NexTech is focusing on in the Asia Pacific market expansion.
November 23, 2020: The company acquired hybrid event management platform, Map Dynamics. The company’s self-serve hybrid virtual events platform supports live video, chat, networking, and analytics, reporting for associations, conferences, trade shows, webinars, summits, forums, workshops, events. It helps organizers create, host, and manage live events for 100,000+ attendees both online and in its branded native event app.
To learn more about NexTech, please click here.
About NexTech AR
NexTech is one of the leaders in the rapidly growing Augmented Reality market, estimated to grow from USD $10.7B in 2019 and projected to reach USD $72.7B by 2024 according to Markets & Markets Research; it is expected to grow at a CAGR of 46.6% from 2019 to 2024.
The company is pursuing four verticals:
Virtual Experience Platform: An 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. According to Grandview Research the global virtual events market in 2020 is $90B and expected to reach more than $400B by 2027, growing at a 23% CAGR. With NexTech’s Virtual Conference Platform having augmented reality, AI, end-to-end encryption and built in language translation for 64 languages, the company is well positioned to rapidly take market share as the growth accelerates globally.
ARitize™ For eCommerce: The company launched its SaaS platform for webAR in eCommerce early in 2019. NexTech has a ‘full funnel’ end-to-end eCommerce solution for the AR industry including its Aritize360 app for 3D product capture, 3D/AR ads, its ARitize white label app it’s ‘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/AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.
ARitize™ Hollywood Studios: The studio is in development 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.
For further information, please contact:
Evan Gappelberg
Chief Executive Officer
[email protected]
The NEO Exchange has neither approved nor disapproved the contents of this news release and is not responsible for the adequacy and accuracy of the contents herein.
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.
Artificial Intelligence
Heimdal to Showcase Widest Cybersecurity Tech Stack at Infosecurity Europe 2024
LONDON, May 23, 2024 /PRNewswire/ — Heimdal® is excited to announce its participation in Infosecurity Europe 2024, taking place from 3–4 June 2024 at ExCel London.
Attendees are invited to visit Heimdal’s booth for an exclusive opportunity to engage with industry-leading cybersecurity experts, experience live demonstrations, and enjoy engaging presentations.
Event Highlights
Personalized Experience and Meet & Greet
Visitors to the Heimdal booth will receive a warm welcome and a personalized tour of our latest cybersecurity solutions.
Those attending on the first day will have the unique chance to meet our Chief Enhancement Officer, who will be on hand to give mind penetration tests to guests.
Event Countdown
The countdown to Infosecurity Europe 2024 is underway, and we are thrilled to share this journey with the cybersecurity community. Follow Heimdal’s LinkedIn page to see how you can make the most of the event, with tips, tricks, and promos posted each day: https://www.linkedin.com/company/heimdal-security/ .
As InfoSec emphasizes, “Together, we can rethink the power of infosecurity and discover what that means for you.”
Top Reasons to Visit Heimdal at Infosecurity Europe 2024
1. Take the Mind Penetration Test
Test your security against our Chief Enchantment Officer, a prestigious member of the Inner Magic Circle. Challenge your limits and see if your defenses can withstand his expertise.
2. Face-to-Face Product Demos
Experience Heimdal’s solutions live with our experts. Engage in interactive sessions, ask pressing questions, and get hands-on with our cybersecurity tools.
3. Live Edutainment Shows
Join us for five engaging shows that combine education and entertainment. Learn new cybersecurity tactics from our enthusiastic hosts.
4. Discover Unexpected Solutions
Visit Stand D140 to find innovative solutions you didn’t know you needed. Forge new connections and explore the future of cybersecurity with Heimdal.
Agenda and Speakers
Heimdal’s team will present a series of edutainment shows covering pressing cybersecurity topics:
Value Realization for the Enterprise
Learn to use data-driven evidence for governance alignment, risk mitigation, and security program efficiency. Overcome reporting challenges and enhance your cybersecurity strategy.
Detonating Ransomware LIVE at InfoSec
Analyze 2024 ransomware trends and witness a live ransomware detonation. Gain insights into effective countermeasures to combat this pervasive threat.
Time is of the Essence – Mastering Patch Management
Discover the importance of Patch Management, best practices, and automation strategies to keep your systems secure and efficient.
Navigating Privileged Access: To Admin or Not to Admin?
Explore Privileged Elevation and Delegation Management (PEDM) and understand the strategic impacts of admin rights management with case studies and industry insights.
DNS Security – The First Line of Defense
Understand the critical role of DNS security, address key vulnerabilities, and learn the latest advancements to protect your infrastructure from DNS attacks.
Meet Our Experts
Ross Duncan, Director of Customer Success
Experienced post-sales leader with 15 years of building functions from scratch. Successfully recruited and led teams, delivered major projects, optimized processes, and set business vision at the executive level. Passionate about showcasing value within the customer base.
Imran Rai, Technical Success Manager
Success-focused executive with 20+ years in cybersecurity and IT. Built and led teams, advised C-level executives, and aligned technical needs with business goals. Passionate about staying ahead in technology and security, delivering value at every step.
Join us at Infosecurity Europe 2024 to discover how Heimdal can enhance your cybersecurity posture with innovative solutions and expert guidance.
Learn more here: https://heimdalsecurity.com/infosecurity-europe-2024
Press Contact
Danny Mitchell Head of Content & PR Email: [email protected]: 07999498241
About Heimdal
Founded in Copenhagen, Denmark, in 2014, Heimdal empowers CISOs (Chief Information Security Officers), Security Teams, and IT admins to enhance their SecOps, reduce alert fatigue, and be proactive using one seamless command and control platform.
Heimdal’s award-winning lineup of more than 10 fully integrated cybersecurity solutions spans the entire IT estate, enabling organizations to be proactive, whether remotely or onsite.
This is why their range of products and managed services offers a solution for every challenge, whether at the endpoint or network level, in vulnerability management, privileged access, implementing Zero Trust, thwarting ransomware, preventing BECs, and much more.
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/heimdal-security/r/heimdal-to-showcase-widest-cybersecurity-tech-stack-at-infosecurity-europe-2024,c3986779
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Meet, Greet, and Discover What the Widest Cybersecurity Tech Stack Can Do For You with Heimdal at Stand D140
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Heimdal at Infosecurity Europe 2024
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Artificial Intelligence
CME Acquires EdTech Innovator Augmental, Leading a New Era of Educational Transformation
DUBAI, United Arab Emirates, May 23, 2024 /PRNewswire/ — CME, an international leader in technology solutions, has announced the acquisition of Augmental, a cutting-edge EdTech company. This strategic partnership combines CME’s technological expertise with Augmental’s innovative tools to transform the education sector.
“This strategic alliance enhances our service offerings and reinforces our commitment to driving digital transformation in education on a global scale. The aim is to ensure that digital solutions remain at the forefront of educational strategies and practices,” said Wissam Youssef, CEO of CME Offshore.
This acquisition represents a pivotal step towards creating a comprehensive ecosystem of educational services and tools. The new entity will offer a fully integrated suite of solutions designed to enhance every aspect of the learning journey and cater to various stakeholders within the educational sector.
The collaboration between CME and Augmental is set to dismantle traditional barriers in education. By leveraging CME’s global network and merging their robust tech infrastructure and exceptional customer support experience with Augmental’s innovative AI-based tools, Augmental, the new EdTech arm of CME, will deliver personalised learning experiences, streamlined content creation and delivery, advanced analytics, and management tools. This partnership will transform educational access and effectiveness on both a regional and global scales.
Existing organizations using CME technologies now have access to an AI-powered LMS with unique features, while companies and training institutions using Augmental LMS are able to expand their tech stack with CME’s solutions.
“Joining CME marks an exciting new chapter for Augmental. It is more than an acquisition; it is a strategic alliance set to elevate the educational journey for learners everywhere. We look forward to continuing our mission to transform education and support our clients with pioneering solutions,” said Paul Barakat Diab, CEO of Augmental.
With a deep understanding of the education market, Augmental’s team brings invaluable expertise to the digital education sector. Their experience is crucial in innovating and developing targeted solutions that address the unique challenges and opportunities within the educational landscape.
Paul Barakat Diab and Elie Nahas, the founders of Augmental, will continue to lead and innovate within the newly formed entity. Their ongoing leadership underscores a shared commitment towards education, combining the strengths of both companies to establish new standards of educational excellence and innovation.
“Education is the cornerstone of progress and growth,” concludes Carole Alsharabati, Founding Partner at CME. “By equipping learners with next-gen tools, we are not just enhancing learning experiences; we are empowering them to shape the future.”
About AugmentalAugmental is an AI-powered, white-labeled learning platform that empowers educational institutions and course creators by offering next-generation personalised learning experiences, intelligent content creation, and data-driven analytics.www.augmental.education
About CMECME is a multinational enterprise offering premium technology services and solutions. Over the years, CME has helped 100+ global clients, including renowned Fortune 500 companies, become leaders in their fields. The company’s end-to-end solutions and comprehensive services cover Enterprise Application Services, Data & Analytics, User Experience, Artificial Intelligence, the Internet of Things, and DevOps. With a skilled team across 8 locations, CME has delivered 300+ innovative and impactful projects, contributing to 8 US Patents and serving 80 million users daily.www.gotocme.com
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Artificial Intelligence
Info-Tech Research Group Reveals Dr Timnit Gebru and Meredith Whittaker to Be Keynote Speakers at LIVE 2024 IT Conference
The annual Info-Tech LIVE conference provides CIOs and IT professionals with practical insights to drive technology-led transformations, impact business outcomes, and accelerate their professional careers over the coming year. The first round of anticipated keynote speakers for the September 2024 conference has been formally announced by the global research and advisory firm.
LONDON, May 23, 2024 /PRNewswire/ — Info-Tech Research Group, a global leader in IT research and advisory, has announced the first two highly anticipated keynote speakers for Info-Tech LIVE 2024: Dr Timnit Gebru and Meredith Whittaker. Info-Tech LIVE 2024 will provide leaders and industry professionals with unparalleled insights into the latest advancements in AI and Exponential IT. The prestigious annual three-day conference, which brings together global CIOs and IT professionals across diverse industries, is scheduled from September 17 to 19, 2024, at the iconic Bellagio in Las Vegas.
Dr Timnit Gebru, a pioneering computer scientist and advocate for ethical AI, is the founder and executive director of the Distributed AI Research Institute (DAIR), focusing on the impact of AI on marginalised communities. Dr Gebru is known for her groundbreaking work on the ethical implications of AI and her advocacy for greater diversity in the tech industry. Meredith Whittaker, a leading voice in AI policy and president of the Signal Foundation, has been instrumental in advancing secure communication technologies and data transparency. As the cofounder of the AI Now Institute, Whittaker’sWhittaker’s efforts have significantly influenced responsible AI practices and major policy reforms.
‘We are excited to welcome Dr Timnit Gebru and Meredith Whittaker as keynote speakers at Info-Tech LIVE 2024,’ says Gord Harrison, senior vice president of research and advisory at Info-Tech Research Group. ‘Their contributions and work in AI and technology ethics will offer our attendees unique perspectives and invaluable insights. By engaging with these influential leaders, participants will gain a deeper understanding of the profound impact of AI and Exponential IT on the future of technology and how to harness these innovations to drive their organisations forward.’
Special Keynote Speakers for LIVE 2024:
Dr Timnit GebruFounder & Executive Director, The Distributed AI Research Institute (DAIR)A trail-blazing computer scientist, Dr. Gebru is renowned for her efforts to reduce the potential negative impacts of AI. As the former co-lead of Google’s Ethical AI research team, Dr Gebru’s departure from Google after authoring a pivotal research paper on the risks of large language models (LLMs) ignited a labour movement, resulting in the formation of the first tech workers union at Google.
Meredith WhittakerPresident, Signal FoundationAs a cofounder of New York University’s AI Now Institute, Whittaker’s work has helped shape global AI policy. During her decade-long tenure at Google, she founded its Open Research Group and cofounded M-Lab, the world’s largest open data source on internet performance. Whittaker gained notable recognition as a key organiser of the Google walkouts and for her role in a protest against Google’s involvement in a military drone AI surveillance program.
‘Through cutting-edge insights and research, this year’s gathering of global experts will address the most pressing opportunities and challenges in today’s tech landscape,’ adds Harrison. ‘We are looking forward to welcoming distinguished CIOs, speakers, and partners to Las Vegas this September. Together, we will explore the future of AI, ethical considerations, and the exponentially evolving landscape of technology.’
Registration is now open for Info-Tech Research Group’s annual IT conference, Info-Tech LIVE 2024.
Updates and new details about speakers, agendas, and exclusive event experiences can be found via LinkedIn and Twitter over the coming months.
Media Passes for Info-Tech LIVE 2024Taking place September 17 to 19, 2024, at the iconic Bellagio in Las Vegas, this premier event offers journalists, podcasters, and media influencers access to exclusive content, the latest IT research and trends, and the opportunity to interview industry experts, analysts, and speakers. To apply for media passes to cover the insights presented at Info-Tech LIVE or to gain access to research and expert insights on trending topics, please contact [email protected].
About Info-Tech Research GroupInfo-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organisations.
To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software-buying insights.
Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact [email protected].
For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.
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