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
Reveals necessity in every industry
NEW YORK, April 23, 2024 /PRNewswire/ — Released today, The State of Public Web Data Report 2024, details a comprehensive analysis on how organizations leverage public web data to drive innovation, enhance customer experience, and develop AI models.
Bright Data commissioned an independent third-party to carry out the first survey of this kind which details the emergence of public web data as the most valued data type. Nearly every organization surveyed uses and benefits from public web data through quicker decision-making, boosting revenue, and meeting customer needs.
The need for public web data in AI is clear in all industries, with more than half of respondents using public web data to build AI models for customer service or to meet internal needs such as fraud detection and risk assessment.
Although necessary to build AI machines, 72% of respondents are worried that public web data will no longer be accessible in the next 5 years. The lack of a legal framework to protect this data emerged as a top concern.
Other key insights from the report:
89% of respondents recognize public web data is crucial or very important to the global economy.82% of respondents say public web data is critical to the future of their organization.79% of respondents agree that large organizations and or big tech hide too much of their public web data.88% of respondents believe public web data is critical for the development of AI models.”Our findings reveal a clear consensus among industry leaders: leveraging public web data is key to unlocking growth and fostering innovation,” said Or Lenchner, CEO of Bright Data. “Public web data is not a ‘like to have,’ it’s a ‘must have’ to conduct business and maintain a competitive market. We understand from our own experience with 20,000 customers that once a business realizes the potential of public web data they will look to discover new ways to leverage this tool to lead against the competition.”
About Bright Data: Bright Data is the #1 web data platform. Fortune 500 companies, academic institutions, non-profits, and small businesses rely on Bright Data’s solutions to collect public web data in the most efficient, reliable, and flexible way to make faster, more informed business-critical decisions.
Contacts:[email protected]
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View original content:https://www.prnewswire.co.uk/news-releases/first-comprehensive-report-on-public-web-data-released-by-bright-data-302124673.html
ITU Standardization Sector (ITU-T) Recommendation X.1281 – APIs for interoperability of identity management systems
BRUSSELS, April 23, 2024 /PRNewswire/ — The Secure Identity Alliance (SIA) announced today that its OSIA specification, is recognized as international standard by the International Telecommunication Union’s Telecommunication Standardization Sector (ITU-T). This milestone establishes OSIA as official ITU standard (ITU-T Recommendation) for the global infrastructure of information and communication technologies (ICT).
The specification that is now an ITU-T Recommendation is: ITU-T X.1281 – APIs for interoperability of identity management systems.
ITU-T is the standardization arm of ITU, the United Nations specialized agency for ICT. The Secure Identity Alliance specifications were approved as official ITU-T Recommendations by ITU members including 193 countries and the world’s front-running ICT companies on 1st March 2024. The new ITU-T Recommendation is under the responsibility of ITU’s standardization expert group for security, ITU-T Study Group 17.
“We are very proud that the OSIA specification is recognized as an international standard by ITU-T. This milestone demonstrates the maturity of OSIA and its potential to foster interoperability and promote fairness in the identity management systems market,” said Debora Comparin, Chair of the OSIA Initiative.
Prof. Heung Youl Youm, Chairman of ITU-T Study Group 17, said, “The recognition of the OSIA specification as an official ITU-T Recommendation underscores its critical contribution to the advancement of global ICT infrastructure. We are thrilled about the ongoing collaboration between ITU-T SG17 and the SIA, aimed at developing standards for secure identity management.”
“As Editor of the OSIA standard in the ITU-T Study Group 17 Q10, I am pleased to have contributed to this successful recommendation by the ITU,” said Abbie Barbir, Rapporteur for ITU-T’s working group on ‘Identity management and telebiometrics architecture and mechanisms’ (Q10/17). “The collaboration with the SIA continues on OSIA and other structuring initiatives and standards development.”
Engr Abisoye Coker-Odusote, CEO, National Identity Management Commission (NIMC), Nigeria & Chair of the OSIA Advisory Committee, said, “As the Chair of the OSIA Advisory Committee, comprised exclusively of government representatives, we take great pride in our five years of collaboration guiding the working group in the development of the OSIA specification. OSIA establishes equal marketplace conditions, fosters collaboration, and ensures product compatibility post-mergers and acquisitions. The OSIA standardized interfaces drive innovation, enabling new local market models and reducing fraud within multiple ID systems. Additionally, OSIA addresses integrator/vendor lock-in, allowing governments to maintain control over their identity systems and pursue national development agendas seamlessly.”
“The Secure Identity Alliance has always supported standards and its members have contributed to thousands of standards globally, which are now used in the ICT market. Standards are key to unlock the full power of Identity to enable people, economy and society to thrive,” concluded Didier Trutt, Chairman of the SIA.
X.1281 is at publication stage and can be accessed here: https://www.itu.int/ITU-T/workprog/wp_item.aspx?isn=18778
OSIA v6.1.0. twin specification can be accessed here: https://osia.readthedocs.io/en/v6.1.0/index.html
OSIA qualification programme can be accessed here: https://globalplatform.org/osia-qualification-program/
For more information on the Secure Identity Alliance and the OSIA Initiative, visit http://www.secureidentityalliance.org and www.osia.io
For more information on ITU-T SG 17 visit https://www.itu.int/en/ITU-T/studygroups/2022-2024/17/Pages/default.aspx.
About the Secure Identity Alliance:
Secure Identity Alliance (SIA) is a global non-profit association that serves as the voice for public and private actors and organizations active in the secure identity ecosystem and adjacent industries. SIA’s mission is to unlock the full power of identity so that people, economy, and society thrive. The association supports the development of the activities of its members across four broad pillars: Identity for Good, Outreach, Open Standards Development and Industry Services and Solutions. www.secureidentityalliance.org
About OSIA:
A digital public good, OSIA is an open standard set of interfaces (APIs) that enables seamless connectivity between building blocks of the identity management ecosystem – independent of technology, solution architecture or vendor. More information at www.osia.io
Follow the Secure Identity Alliance at on X @secureidentity1 and LinkedIn at https://www.linkedin.com/company/secure-identity-alliance/
About ITU-T SG 17
The ITU Telecommunication Standardization Sector (ITU-T) is one of the three Sectors (branches) of the International Telecommunication Union (ITU). It is responsible for coordinating standards for telecommunications and Information Communication Technology such as X.509 for cybersecurity, Y.3172 and Y.3173 for machine learning, and H.264/MPEG-4 AVC for video compression, between its Member States, Private Sector Members, and Academia Members.
Logo: https://mma.prnewswire.com/media/2394623/OSIA_Logo.jpg
View original content:https://www.prnewswire.co.uk/news-releases/osia-becomes-an-official-international-telecoms-union-itu-standard-302124668.html
STOCKHOLM, April 23, 2024 /PRNewswire/ — SciBase Holding AB (“SciBase”) (STO: SCIB), a leading developer of augmented intelligence-based solutions for skin disorders will participate at the Redeye Medtech event.
On April 24 at CET 9.50 CEO Pia Renaudin will present the latest developments in SciBase at Redeye. The presentation is live broadcasted and can be followed at https://www.redeye.se/events/974326/redeye-theme-medtech-2 where the replay and the presentations will be available afterwards.
For additional information, please contact:Pia Renaudin, VD, tel. +46732069802, e-mail: [email protected]
Certified Advisor (CA):Vator SecuritiesTel: +46 8 580 065 99Email: [email protected]
About SciBase:
SciBase is a global medical technology company, specializing in early detection and prevention in dermatology. SciBase develops and commercializes Nevisense, a unique point-of-care platform that combines AI (artificial intelligence) and advanced EIS technology to elevate diagnostic accuracy, ensuring proactive skin health management.
Our commitment is to minimize patient suffering, allowing clinicians to improve and save lives through timely detection and intervention and reduce healthcare costs.
Built on more than 20 years of research at Karolinska Institute in Stockholm, Sweden, SciBase is a leader in dermatological advancements.
The company has been on the Nasdaq First North Growth Market exchange since June 2, 2015. Learn more at www.scibase.com. All press releases and financial reports can be found here: http://investors.scibase.se/en/pressreleases
This information was brought to you by Cision http://news.cision.com
https://news.cision.com/scibase/r/scibase-will-present-at-the-redeye-medtech-event-on-april-24-th-,c3966053
The following files are available for download:
https://mb.cision.com/Main/12371/3966053/2751965.pdf
Redeye presentation
View original content:https://www.prnewswire.co.uk/news-releases/scibase-will-present-at-the-redeye-medtech-event-on-april-24th-302124656.html
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