Artificial Intelligence
Letter to Shareholders
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NEW YORK,, May 10, 2023 (GLOBE NEWSWIRE) — To our Shareholders
We are excited to provide an annual update for the Company, as much has happened since our merger with Tekumo LLC last June. As we outlined in our first letter, it was time to switch from being an IT Service company to our real “soul” of being a software company, to address the growing needs of a networked world and smart connected devices.
This decision to switch business models wasn’t taken lightly, as the management team knew in doing so, we would have to say goodbye to some prior long-standing contracts, that revenue would dip, and questions from outsiders would arise. However, the vision is still there, and the target is way too big to forget.
To that end, we have completed the development of our Service Delivery Platform to manage technical resources for installation and support, as well as monitoring and maintaining our customers’ connected devices.
We are also pleased to announce anchor customers in four areas:
- IT and Retail Services: The rise in adoption of automation & digitization in the field services industry, and the manual methods that hamper managed service providers today, has led to an industry leader adopting Tekumo as its OnDemand field workforce solution. We have also added partners in digital signage with OnPremise, and the rollout of smart technology across automotive dealerships, and two prominent Quick Service Restaurant chains.
- Smart Apartments: Smart apartments offer property managers more control, more insight and better ROI through smart locks, access control, smart thermostats, water loss prevention and energy conservation. We have contracts to install several thousand units across the country with a leading Smart Home provider beginning in Q2.
- Smart Buildings: Water and energy conservation play a critically important role in managing operating budgets for facility managers. Tekumo offers a comprehensive IoT platform that that allows managers to view and manage all their IoT technology needs in a single view. We have recently completed our first site surveys on properties in Miami and New York.
- Hospitality: Regulations to protect employees and guests in hotels are changing rapidly. We have been engaged to install panic buttons and other wireless technologies in leading hotel groups.
Our value proposition is simple – “Service delivered, with lower cost, more revenue, less effort – Just Smarter.” For Managed Service providers, we extend their network of service technicians, while lowering costs with less effort. For OEM’s, we increase revenue by providing a national installation network, while monitoring and maintaining their devices 24/7. For asset and facility managers we give visibility to all their assets, while providing an installation and maintenance network. For Smart Home providers, we have you covered.
Like the meaning of our name in Japanese, we are the next generation “Tech Cloud” that manages the work needed to deliver on the Internet of Things.
Our History
We started Tekumo after acquiring all the assets of Sequenza Inc. in January 2020. Sequenza dates back to 2013 as a managed service provider for IT and telecommunication services having completed projects for such companies as Target, Home Depot, McDonalds, US Bank, 7Eleven, and AT&T.
Many of the team have a shared background from one of the leading technician marketplaces, Field Nation. After a successful corporate exit, we realized collectively that providing a platform that could manage the whole service delivery process, rather than just self-sourcing a technician, was a much bigger problem for product and service companies. Our TekumoPRO service platform was developed over the last couple of years and has successfully delivered over 30,000 work orders and growing.
At the same time, the explosion of connected devices and the digital transformation brought about by the Internet of Things (IoT) revealed a larger gap in the market – how do you install, monitor and manage all those devices. This led to the evolution of our System Monitoring And Reporting Technology, TekumoSMART. We rolled out this extension to our platform in Q1.
The next chapter in our corporate history is dawning with the change in our name and symbol to Tekumo Inc., TKMO. We have received first comments from FINRA and continue to expect approval shortly.
Opportunity
We play at the intersection of two rapidly growing marketplaces. The Field Service management market is projected to reach $29.9 billion by 2031, growing at a CAGR of 19.2% (Allied Market Research), and the much broader “Internet of Things” (IoT) that spans manufacturing, housing, retail, energy, and healthcare represents a multi trillion-dollar opportunity.
The Internet of Things “uses a variety of technologies to connect the digital and physical worlds. Physical objects are embedded with sensors—which can monitor things like temperature or motion, or really any change in an environment. The sensors communicate via wired or wireless networks with computing systems that can monitor or manage the health and actions of connected objects and machines” (McKinsey & Company). Tekumo is at the heart of that change.
Our Foundation
We have added to our key “people” factor. Graham King has assumed the role of Chief Operating Officer and brings over four decades of leadership in the services industry, having held C level positions in service companies Tech Data, Avnet, and StorageTek. Adding to our
Industrial and Commercial risk management expertise, Jarret Shearin brings 20 years of commercial insurance and risk mitigation experience.
Together with our CEO – Strings Kozisek, President & CFO – Phillip Dignan, CSO – Chris Nichols, and Chief Software Architect – Jacob Beasley we have a strength of shared vision and shared history. Our previous business ventures in software, managed services, organic material manufacturing, retail and automotive verticals have demonstrated our ability to drive significant revenue and launch new products.
The Next Phase
Tekumo now offers a “whole solution” in that it enables the installation, monitoring and management of connected devices across a diverse set of industries.
Our product suite will continue to expand, and we are excited to incorporate Artificial Intelligence (AI) into our service offering, as well as developing our data and visualization tools further through TekumoIQ.
As stated previously, being a public company is a key element in our growth strategy, as it provides us with greater access to capital to launch our full product offering, enhance our ability to attract additional management talent, and allow us to use our public equity to execute an acquisition strategy. The current Reg A offering provides initial capital of up to $1 million in capital.
Summary
We have accomplished a great deal in the 10 months since our Merger, and recognize that despite the challenges of an early-stage company, the opportunities before us are very exciting. If you are an investor, we are happy you are with us. If you are a customer, we are working hard to provide you with the absolute best. If you are new to us, sit back and watch us grow.
Sincerely,
Strings, Phillip and Chris
Founders
For more details related to the Company, please see the Company’s Current Disclosure filed with OTC Markets on May 9, 2023.
Safe Harbor:
Forward-Looking Statements
Any statements made in this press release which are not historical facts contain certain forward-looking statements, as such term is defined in the Private Security Litigation Reform Act of 1995, concerning potential developments affecting the business, prospects, financial condition and other aspects of the company to which this release pertains. The actual results of the specific items described in this release, and the Company’s operations generally, may differ materially from what is projected in such forward-looking statements. Although such statements are based upon the best judgments of management of the Company as of the date of this release, significant deviations in magnitude, timing and other factors may result from business risks and uncertainties including, without limitation, the Company’s dependence on third parties, general market and economic conditions, technical factors, the availability of outside capital, receipt of revenues and other factors, many of which are beyond the control of the company. The Company disclaims any obligation to update the information contained in any forward-looking statement. This press release shall not be deemed a general solicitation.
Colorado Springs, CO
Timothy Simpson, Investor Relations
719-900-4535
Artificial Intelligence
KMS Lighthouse and lastminute.com Triumph with a Double Win at the Global Sourcing Association (GSA) 2024 Awards
TEL AVIV, Israel, June 17, 2024 /PRNewswire/ — KMS Lighthouse, a global leader in knowledge management, is proud to announce its remarkable achievement of winning two prestigious awards with lastminute.com at the Global Sourcing Association (GSA) 2024 Awards. The brands were honored in the following categories:
Retail Programme of the Year: lastminute.com and KMS Lighthouse LimitedTechnology Enabled Programme of the Year (Automation/AI): lastminute.com and KMS Lighthouse LimitedKMS Lighthouse was also a finalist in the Service Provider of the Year category.
The awards were presented on June 11, 2024, at a glittering ceremony held at Richmond Hill Hotel, as part of the GSA Festival of Sourcing. Celebrating its 21st year, the GSA Awards recognize organizations that demonstrate exceptional best practices in strategic sourcing.
Sagi Eliyahu, CEO of KMS Lighthouse Limited commented “We are absolutely delighted to have won these two esteemed awards. This recognition underscores the tireless dedication and innovation of our teams in delivering exceptional knowledge management solutions to our clients. I would like to extend my heartfelt gratitude to our partners at lastminute.com. The synergy and true partnership we have formed exemplify the collaborative spirit needed to drive outstanding results.”
“We are thrilled to celebrate these award wins with KMS Lighthouse,” said Walter Di Lello, Knowledge Manager & Procedure Team Leader at lastminute.com. “This achievement is a testament to the hard work and dedication of both our teams. The collaborative partnership approach we have fostered with KMS Lighthouse has been pivotal in delivering innovative and impactful solutions. Thank you to everyone involved for their relentless commitment and excellence.”
This double accolade highlights KMS Lighthouse’s unwavering commitment to excellence, innovation, and effective collaboration. The successful partnership with lastminute.com has not only enhanced the retail sector’s capabilities but also set new standards in automation and AI-driven solutions.
About KMS Lighthouse:
KMS Lighthouse is a global leader in knowledge management solutions, providing innovative platforms that enhance organizational knowledge sharing and decision-making. Through advanced AI and automation technologies, KMS Lighthouse enables businesses to improve customer service, streamline operations, and achieve higher efficiency.
About lastminute.com
lastminute.com is the European Travel-Tech leader in Dynamic Holiday Packages. Our mission is to simplify, personalise, and enhance our customers’ travel experience by leveraging technology. Thanks to the iconic brand lastminute.com and a rich portfolio of vertical brands, we meet the most diverse needs of travellers across the entire holiday experience. As one of the few fully licensed European tour operators, we offer unlimited real-time travel combinations thanks to our proprietary Dynamic Holiday Packaging engine, providing additional customer protection and exclusive deals. lastminute.com N.V. is a publicly traded company listed under the ticker symbol, LMN on the SIX Swiss Exchange.
Media Contact:KMS Lighthouse [email protected] [email protected]://www.linkedin.com/company/kms-lighthouse/https://kmslh.com/
View original content:https://www.prnewswire.co.uk/news-releases/kms-lighthouse-and-lastminutecom-triumph-with-a-double-win-at-the-global-sourcing-association-gsa-2024-awards-302174249.html
Artificial Intelligence
CluePoints Continues ‘Turning Artificial Intelligence into Human Intelligence’ by Launching Two New Innovations
Site Profile & Oversight Tool (SPOT) and Intelligent Medical Coding (IMC) unveiled by RBQM innovator at DIA Global Annual Meeting 2024
KING OF PRUSSIA, Pa., June 17, 2024 /PRNewswire/ — CluePoints, provider of leading statistical and AI-driven software solutions, will unveil two of its latest advanced, deep learning technology innovations at the DIA Global Annual Meeting 2024. Both solutions deliver groundbreaking enterprise platform transformations providing Sponsors and CROs with a smarter way to conduct clinical research and detect and manage risks that could impact clinical trial outcomes.
Taking RBQM to a new level, CluePoints’ Site Profile & Oversight Tool (SPOT) delivers adaptive site monitoring, enabling teams to swiftly pinpoint anomalies and translate insights into strategies and actions. Sponsors and CROs can improve their ability to evaluate the performance of clinical trial sites and adjust site visit plans more effectively and efficiently while accurately balancing risk and resource workload.
Further streamlining processes, CluePoints’ Intelligent Medical Coding solution harnesses advanced deep learning technology to enhance the accuracy and efficiency of coding in clinical trials. It seamlessly integrates with existing systems to offer precise, AI-generated coding suggestions, drastically reducing the need for manual dictionary searches and costly coding reviews, freeing up valuable resources and ensuring uniformity across all coded data.
Andy Cooper, CEO of CluePoints, said: “DIA offers the perfect opportunity to share with the industry our latest disruptive and innovative solutions that address key challenges within traditional clinical research methods. Unveiling two new products that leverage next generation AI will transform how CluePoints is viewed in the industry, as we enhance our enterprise-wide solutions to reach new levels of accuracy and efficiency to both improve clinical trial performance and deliver greater insights to further mitigate risk. Our early adopters are already raving about how valuable they are finding both product offerings and we are excited to showcase how they will shape future processes and embody our brand promise to ‘turn artificial intelligence into human intelligence.”
With over 9,500 users engaged with CluePoints’ enterprise platform, to date over 1,600 studies have been de-risked and over 142,000 issues detected.
Visitors to the CluePoints’ DIA Global exhibition booth #1301 will have the opportunity to meet with subject matter experts and see demonstrations of both new platform solutions.
CluePoints also invites DIA attendees to join them at 3pm on Tuesday, June 18th, for a special toast at their booth to celebrate the latest innovations.
To learn more about CluePoints’ award-winning solutions, please visit www.cluepoints.com.
About CluePoints
CluePoints is the premier Risk-Based Quality Management (RBQM) and Data Quality Oversight Software provider. We are leveraging the potential of artificial intelligence using advanced statistics and machine learning to determine the quality, accuracy, and integrity of clinical trial data both during and after study conduct. Aligned with guidance from the FDA, EMA, and ICH E6 (R2), CluePoints is deployed to support central and on-site monitoring, medical review, quality risk management and to drive a holistic Risk-Based strategy in all trials. Coupled with thought leadership and consulting expertise to aid pre-study risk assessment, identification of risk controls and solution implementation, you now have everything you need to adhere with global regulatory guidance. The result is positive clinical development outcomes, increased operational efficiency, lower costs and reduced regulatory submission risk as part of the industry paradigm shift to RBQM.
View original content:https://www.prnewswire.co.uk/news-releases/cluepoints-continues-turning-artificial-intelligence-into-human-intelligence-by-launching-two-new-innovations-302174137.html
Artificial Intelligence
ComplyCube Launches Trust Center with the Most Complete Compliance Posture in the Market
LONDON, June 17, 2024 /PRNewswire/ — ComplyCube, a RegTech100 global leader in identity verification and compliance solutions, proudly announces the launch of its comprehensive Trust Center. This new initiative emphasizes ComplyCube’s unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, the AI-powered SaaS leads the way in ensuring clients stay ahead of international regulations and standards.
The Trust Center provides real-time updates on security measures, compliance statuses, and operational transparency, empowering clients to meet regulatory requirements confidently and allowing them to view ComplyCube’s compliance posture on demand. This platform is engineered to enhance transparency, build trust, and streamline compliance processes for organizations worldwide.
ComplyCube unveils its unrivaled compliance posture, redefining security and privacy for IDV, KYC, and AML platforms. With over fifty continuously monitored controls, ComplyCube leads the way in ensuring clients stay ahead of international regulations and standards.
Key Features of the Trust Center:
Real-Time Compliance Dashboard: Live updates on compliance metrics and security statuses.Comprehensive Resource Hub: Access to essential documents, certifications, and regulatory guidelines.Incident Reporting and Tracking: Full transparency in reporting and monitoring security incidents.Tarek Nechma, CEO of ComplyCube, remarked, “The launch of the Trust Center marks a pivotal milestone in our mission to build trust at scale and deliver state-of-the-art compliance solutions. This platform will empower our clients to navigate the complexities of regulatory landscapes with confidence.”
Non-compliance costs are 2.71 times higher than the costs of maintaining or meeting compliance requirements. Another study indicates that companies with strong compliance programs can reduce incident costs by up to 30%. On top of this, 84% of businesses encounter compliance challenges that can lead to significant financial and reputational damage. ComplyCube’s Trust Center aims to further mitigate these risks by providing tools that help businesses maintain and improve their compliance posture.
Mohamed Alsalehi, CTO of ComplyCube, stated, “We design our systems to be compliant by design with the stringent laws and regulations. This proactive approach ensures our clients can meet and exceed compliance requirements effortlessly.”
Joshua Dent, Business & Partnerships Manager, added, “The Trust Center showcases ComplyCube’s adherence to a multitude of globally recognized standards and data protection regulations. Clients and partners can find answers to many of their data protection questions, view active controls, and request documents to fulfill due diligence. It’s fantastic to see this go live following our latest certifications, such as UK DIATF, ISO 9001, PAD Level 2, and ISO 27001:2022 upgrade.”
ComplyCube continues to set industry standards with its innovative solutions, and the Trust Center’s launch underscores its mission to support businesses in achieving compliance excellence.
For more information about the Trust Center, visit ComplyCube Trust Center.
About ComplyCubeComplyCube is a leading provider of identity verification and compliance solutions, helping organizations across various sectors secure their operations and meet regulatory requirements. With a focus on innovation and customer satisfaction, ComplyCube delivers reliable and efficient services that empower businesses to thrive in a complex regulatory environment.
About VantaVanta is a leading trust management platform that automates compliance and streamlines security reviews for SaaS businesses. It helps companies manage risk and prove security in real-time, ensuring adherence to global standards and data protection regulations. With Vanta’s Trust Center, businesses can efficiently manage compliance processes and demonstrate their commitment to security and trust.
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View original content:https://www.prnewswire.co.uk/news-releases/complycube-launches-trust-center-with-the-most-complete-compliance-posture-in-the-market-302174177.html
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