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Bragar Eagel & Squire, P.C. Reminds Investors That Class Action Lawsuits Have Been Filed Against Amazon, First High-School, Upstart, and Oscar and Encourages Investors to Contact the Firm

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NEW YORK, June 24, 2022 (GLOBE NEWSWIRE) — Bragar Eagel & Squire, P.C., a nationally recognized shareholder rights law firm, reminds investors that class actions have been commenced on behalf of stockholders of Amazon.com, Inc. (NASDAQ: AMZN), First High-School Education Group Co., Ltd. (NYSE: FHS), Upstart Holdings, Inc. (NASDAQ; UPST), and Oscar Health, Inc. (NYSE: OSCR). Stockholders have until the deadlines below to petition the court to serve as lead plaintiff. Additional information about each case can be found at the link provided.

Slazzer – Empowering people and businesses to experience automation using AI

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LAVAL, QUEBEC, CANADA, June 24, 2022 (GLOBE NEWSWIRE) — Slazzer for Windows/Mac/Linux is a desktop application that allows users to withdraw and remove the image, photos and pictures background, surroundings, locations, and sets from a prevalent number of photographs instantly. Users can simply drag and drop thousands of files at once and manage as per shot acquires carved out automatically. It credits and enable the users to use our API, Desktop software, or Plugins to download full-HD resolution images.

Diverse tools and APIs for enhanced user interference like WooCommerce Plugin, Slazzer Editor, Bulk Background Remover, Photoshop Plugin, API Documentation, On-premise, and Design Maker. The most recent update by Slazzer is the Slazzer infinity, which allows offline image processing. Most importantly, Slazzer is an artificial intelligence-powered program that uses machine learning methods to immediately obliterate the location, background, scene, and surroundings from any image in less than 5 seconds. 

Now, users can make NFTs using Slazzer and make money. A non-fungible token (NFT) is a digital asset that can be transferred, sold, or purchased digitally but cannot be touched. It can be a form of digital file like a picture, gif, music, art, etc. It can also be a meme like the “Disaster Girl,” which sold for a gigantic profit of $500k. With the recent development in Visual AI, Slazzer has developed a proprietary algorithm to make complex tech easy and comfortable. From freelancers or individuals to small businesses to Fortune 500 companies, everyone is starting to notice the power of our background removal software.

With Slazzer folks shall be able to get precise cut-outs powered by artificial intelligence. This astonishing step has sparked the editing and photo editing industry. This can be used to edit product photos, portraits, or anything else. Even hair and other difficult conditions, such as curved edges, are handled perfectly. The story doesn’t end here, now people can use the same parameters across all files. Whether small or large images are a concern, transparent backgrounds, or colored ones, everyone can have complete control over them. It boosts the efficiency and replaces background from multiple images to get thousands of AI-powered cutouts for all the design needs.

Slazzer is the best resolution for automatic background removal at the most useful accuracy and price. Removing the backgrounds of an image has been a major issue for a long time, but not anymore. Slazzer’s products are made for the new digital world. Its AI is the power that is needed to excel in design and can be used by every single person and business online. The possibilities are endless with Slazzer.


Hepion Pharmaceuticals Announces Adjournment of Annual Meeting of Stockholders

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EDISON, N.J., June 24, 2022 (GLOBE NEWSWIRE) — Hepion Pharmaceuticals, Inc. (NASDAQ:HEPA), a clinical mid-stage biopharmaceutical company focused on Artificial Intelligence (“AI”)-driven therapeutic drug development for the treatment of non-alcoholic steatohepatitis (“NASH”) and hepatocellular carcinoma (“HCC”), announced today that its 2022 annual meeting of stockholders (the “Annual Meeting”) has been adjourned to Friday, July 22, 2022 at 9:00 a.m. Eastern Time with respect to Proposal 4 (Authorized Share Increase), as described in Hepion’s definitive proxy statement filed with the U.S. Securities and Exchange Commission (the “SEC”) on April 19, 2022 (the “Proxy Statement”).

The record date for determining stockholders entitled to vote at the Annual Meeting will remain the close of business on April 29, 2022.

During the current adjournment, Hepion will continue to solicit votes from its stockholders with respect to Proposal 4 set forth in the Proxy Statement.

At the time the Annual Meeting was adjourned, proxies had been submitted by stockholders representing approximately 60% of the shares of Hepion’s common stock outstanding and entitled to vote, which constituted a quorum. At the time of the Annual Meeting votes were sufficient to approve the election of each of Dr. Gary S. Jacob, Dr. Robert Foster, John Brancaccio, Dr. Timothy Block, Dr. Arnold Lippa and Dr. Peter Wijngaard as a director, and to approve Proposal 2 (Appointment of Independent Auditors). However, votes were not sufficient to approve Proposals 3 (2022 Omnibus Equity Incentive Plan) and 5 (Say-On-Pay). Votes were also not sufficient to approve Proposal 4, which requires approval by the holders of a majority of the outstanding shares of common stock of Hepion.

Proxies previously submitted with respect to the Annual Meeting will be voted on Proposal 4 at the adjourned Annual Meeting unless properly revoked, and stockholders who have previously submitted a proxy or otherwise voted need not take any action.

The Board of Hepion urges stockholders who have not yet voted or who have previously voted against Proposal 4 to vote FOR the proposal. The Board believes that the approval of Proposal 4 is in the best interests of the stockholders of Hepion because the availability of additional authorized shares of common stock is required for several reasons including, but not limited to, the additional flexibility to issue common stock for a variety of general corporate purposes as the Board may determine to be desirable including, without limitation, future financings, investment opportunities, acquisitions, or other distributions and stock splits (including splits effected through the declaration of stock dividends).

Hepion encourages all stockholders of record on April 29, 2022 who have not yet voted or who wish to change their vote to do so by 11:59 p.m. Eastern Time on July 21, 2022.

About Hepion Pharmaceuticals

The Company’s lead drug candidate, rencofilstat, is a potent inhibitor of cyclophilins, which are involved in many disease processes. Rencofilstat is currently in clinical-phase development for the treatment of NASH, with the potential to play an important role in the overall treatment of liver disease – from triggering events through to end-stage disease. Rencofilstat has been shown to reduce liver fibrosis and hepatocellular carcinoma tumor burden in experimental models of NASH, and has demonstrated antiviral activities towards HBV, HCV, and HDV through several mechanisms, in nonclinical studies. In November 2021, the U.S. Food and Drug Administration (“FDA”) granted Fast Track designation for rencofilstat for the treatment of NASH. That was soon followed in December 2021 by the FDA’s acceptance of Hepion’s investigational new drug (IND) application for rencofilstat for the treatment of hepatocellular carcinoma (HCC). In June 2022, rencofilstat was granted Orphan Drug designation for the treatment of HCC.

Hepion has created a proprietary AI platform, called AI-POWR™, which stands for Artificial Intelligence – Precision Medicine; Omics (including genomics, proteomics, metabolomics, transcriptomics, and lipidomics); World database access; and Response and clinical outcomes. Hepion intends to use AI-POWR™ to help identify which NASH patients will best respond to rencofilstat, potentially shortening development timelines and increasing the delta between placebo and treatment groups. In addition to using AI-POWR™ to drive its ongoing NASH clinical development program, Hepion intends to use the platform to identify additional potential indications for rencofilstat to expand the company’s footprint in the cyclophilin inhibition therapeutic space.

Forward-Looking Statements

Certain statements in this press release are forward-looking within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward-looking words such as “anticipate,” “believe,” “forecast,” “estimated,” and “intend,” among others. These forward-looking statements are based on Hepion Pharmaceuticals’ current expectations and actual results could differ materially. There are a number of factors that could cause actual events to differ materially from those indicated by such forward-looking statements. These factors include, but are not limited to, substantial competition; our ability to continue as a going concern; our need for additional financing; uncertainties of patent protection and litigation; risks associated with delays, increased costs and funding shortages caused by the COVID-19 pandemic; uncertainties with respect to lengthy and expensive clinical trials, that results of earlier studies and trials may not be predictive of future trial results; uncertainties of government or third party payer reimbursement; limited sales and marketing efforts and dependence upon third parties; and risks related to failure to obtain FDA clearances or approvals and noncompliance with FDA regulations. As with any drug candidates under development, there are significant risks in the development, regulatory approval, and commercialization of new products. There are no guarantees that future clinical trials discussed in this press release will be completed or successful, or that any product will receive regulatory approval for any indication or prove to be commercially successful. Hepion Pharmaceuticals does not undertake an obligation to update or revise any forward-looking statement. Investors should read the risk factors set forth in Hepion Pharmaceuticals’ Form 10-K for the year ended December 31, 2021, and other periodic reports filed with the Securities and Exchange Commission.

For further information, please contact:

Stephen Kilmer
Hepion Pharmaceuticals Investor Relations
Direct: (646) 274-3580
[email protected]  

Altair Announces Sale of $230 Million Aggregate Principal Amount of Convertible Senior Notes

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TROY, Mich., June 24, 2022 (GLOBE NEWSWIRE) — Altair Engineering Inc. (Nasdaq: ALTR) (“Altair”) today announced the closing of its private offering of convertible senior notes and the exercise in full of the initial purchaser’s option to purchase additional convertible senior notes. At a closing on June 14, 2022, Altair sold $200 million aggregate principal amount of 1.750% convertible senior notes due 2027 and at a closing on June 24, 2022, Altair sold an additional $30 million aggregate principal amount of such notes upon the initial purchaser’s exercise in full of its option.

About Altair (Nasdaq: ALTR)

Altair is a global leader in computational science and artificial intelligence (AI) that provides software and cloud solutions in simulation, high-performance computing (HPC), data analytics, and AI. Altair enables organizations across all industries to compete more effectively and drive smarter decisions in an increasingly connected world – all while creating a greener, more sustainable future.

Media contacts

Altair
Dave Simon
248-614-2400 ext. 332
[email protected] 

Altair Investor Relations
The Blueshirt Group
Monica Gould
+1.212.871.3927
[email protected]

 

WISeKey Shareholders Approved All Agenda Items of the 2022 Annual General Meeting

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WISeKey Shareholders Approved All Agenda Items of the 2022 Annual General Meeting

Zug, Switzerland, June 24, 2022Ad-Hoc announcement pursuant to Art. 53 of SIX Listing Rules WISeKey International Holding Ltd. (“WISeKey” or the “Company”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity and IoT company, announced today that its shareholders approved all items on the agenda of WISeKey’s 2022 Annual General Meeting held on June 24, 2022. Among other things, the shareholders re-elected Carlos Moreira, Peter Ward, David Fergusson, Jean-Philippe Ladisa and Eric Pellaton as members of the Board of Directors, and elected María Pía Aqueveque Jabbaz and Cristina Dolan as new members of the Board of Directors. Shareholders also re-elected Carlos Moreira as Chairman of the Board, and David Fergusson and Eric Pellaton were re-elected as members of the Nomination and Compensation Committee, and Cristina Dolan was elected as its new third member.

In addition, the shareholders approved an extension in time, and increase, of the authorized share capital and an increase of the conditional share capital.

Shareholders of WISeKey approved all other proposals submitted by the Board including the following:

  • The 2021 Annual Report and the 2021 audited consolidated and statutory financial statements of the Company;
  • The discharge of all members of the Board of Directors and the Executive Management from liability for their activities during fiscal year 2021;
  • The advisory vote on the Company’s 2021 compensation report;
  • Board of Directors and Executive Management’s total compensation, for the period until the 2023 AGM and fiscal year 2023, respectively; and
  • Re-election of BDO SA as the Company’s audit firm for a further one-year term.

Carlos Moreira, Chairman of the Board, stated, “I would like to thank our valued shareholders for their continued trust, support and the confidence they have placed in us. I would also like to thank all members of our Board for their commitment and dedication to WISeKey.”

A presentation by Mr. Moreira in relation to the 2022 Annual General Meeting is available on WISeKey’s website at https://www.wisekey.com/company/investors/.

Financial Calendar:
The 2022 Interim Report will be published by September 30, 2022.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:

WISeKey International Holding Ltd 
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
[email protected]
WISeKey Investor Relations (US) 
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
[email protected]

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of the Swiss Financial Services Act (“FinSA”), the FInSa’s predecessor legislation or advertising within the meaning of the FinSA. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

AutoScheduler Wins Top Supply Chain Project Award from SDCE

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AUSTIN, Texas, June 24, 2022 (GLOBE NEWSWIRE) — AutoScheduler.AI, an innovative Warehouse Management System (WMS) accelerator, has won the Supply & Demand Chain 100 Award for 2022 for Top Supply Chain Projects. The SDCE100 Award spotlights successful and innovative transformation projects that deliver bottom-line value to small, medium, and large enterprises across various supply chain functions. AutoScheduler won for its planning and execution solution for a global CPG firm.

“At this global CPG, AutoScheduler has consistently proven that over 10% of inbound inventory is cross-dockable while respecting all space, labor, and inventory constraints and requirements at the site,” said Keith Moore, Chief Product Officer at AutoScheduler.ai. “This cross-docking availability significantly reduces the stress on labor while increasing customer fill rate. We are very pleased to win this award for this special project that brought value to this client.”

“The past 18 months have been a tumultuous time for US supply chains,” says Marina Mayer, Editor-in-Chief of Supply & Demand Chain Executive and Food Logistics. “But, today’s supply chains haven’t completely fallen apart because solutions providers have worked diligently to partner with customers and clients to streamline processes, implement emerging technology and deliver results that improve bottom lines and the environment. For many of these collaborations, it’s about achieving full visibility, complete forecasting, end-to-end leverage, and the ultimate in sustainability.”

The global CPG experienced increased demand at their main customer-facing distribution centers, creating a need for increased efficiency in inventory management at every site. To address this, the company introduced a multi-stage cross-docking initiative for all their 3PLs, requiring that over 5% of inbound inventory be cross-docked to outbound loads. AutoScheduler AutoPilot allowed the warehouse to go on “autopilot,” using advanced digital twins and artificial intelligence technology found in AutoScheduler.AI. Clients’ locations become more efficient through automated decision-making based on constraints within the warehouse environment.

AutoScheduler AutoPilot allows planners to dynamically find cross-dock opportunities and prioritize yard movements accordingly. To perform this function seamlessly, a semi-automated process was introduced that allows Planners at the site to review proposed opportunities and enable them with a few clicks inside the AutoScheduler solution.

AutoScheduler.AI adapts and dynamically rebalances activities across the warehouse environment based on what happens inside the warehouse every few minutes. It considers space, time, labor, dock doors, and more constraints to orchestrate and optimize activities to ensure on-time and fulfillment. AutoScheduler has proven through these engagements that it can add value to the supply chains of these global companies by helping to improve productivity, reduce costs, and speed fulfillment.

Go to https://sdce.me/5s59mx to view the complete list of this year’s Top Supply Chain Project winners. Go to www.SDCExec.com/awards to learn more about upcoming Supply & Demand Chain Executive awards.

About Supply & Demand Chain Executive
Supply & Demand Chain Executive is the only supply chain publication covering the entire global supply chain, focusing on trucking, warehousing, packaging, procurement, risk management, professional development, and more. Supply & Demand Chain Executive and sister publication Food Logistics is also home to LINK and LINK. Educate podcast channels, LINK. Live, SCN Summit, SupplyChainLearningCenter.com, and more. Go to www.SDCExec.com to learn more.

About AutoScheduler.AI
AutoScheduler.AI s a supply chain analytics company focused on distribution center optimization that accelerates existing WMS capabilities with Intelligent Warehouse Orchestration. AutoScheduler’s powerful yet intuitive platform helps streamline operations across your facility by seamlessly integrating with existing WMS and ERP systems. It provides dynamic dock scheduling, level loading labor, balancing inventory overflow, proactively cross-docking, eliminating redundant workforce allocation, etc. We add prescriptive analytics and drive efficiencies for companies like P&G and others. For more information, contact www.autoscheduler.ai.

Contact:
Becky Boyd
MediaFirst PR
[email protected]
Cell: (404) 421-8497  

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9efaf55-a58d-4e6c-b3e8-6d47fe611f5e

Vacuum Cleaner Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Application, By Region And Segment Forecasts, 2022 – 2030

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New York, June 24, 2022 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Vacuum Cleaner Market Size, Share & Trends Analysis Report By Product, By Distribution Channel, By Application, By Region And Segment Forecasts, 2022 – 2030” – https://www.reportlinker.com/p06096561/?utm_source=GNW

Vacuum Cleaner Market Growth & Trends

The global vacuum cleaner market size is expected to reach USD 26.4 billion by 2030. The market is expected to expand at a CAGR of 9.8% from 2022 to 2030. The growing per capita income in developing countries is one of the key factors leading to the increased consumer demand for advanced vacuum cleaners. Moreover, the COVID-19 pandemic has made people pay more attention to cleanliness and hygiene to maintain a sense of safety in private and public spaces. This is estimated to drive the market over the next few years. For instance, in November 2021, Kent RO Systems Ltd. launched a zoom vacuum cleaner with a bagless and cordless design. The vacuum cleaner has a cyclonic technology with a 130W suction motor to properly clean all the dirt and dust. Further, it also has a HEPA filter to prevent air pollution and maintain hygiene and clean surroundings.

COVID-19 lockdowns and related travel restrictions have restricted access to housekeeping services.The increased struggle to manage all household chores while maintaining high cleanliness and hygiene standards is driving the demand for household appliances such as vacuum cleaners.

For instance, in June 2021, Dyson, a Singapore-based technology company, unveiled its “omni-glide” cord-free vacuum in the Indian market due to the absence of domestic help during COVID-19. The device has an omnidirectional fluffy cleaner that can move in all directions and a five-stage filtration technology to collect dust particles as small as 0.3 microns. The additional features of omni-glide include a washable bin, battery with a run time of 20 minutes, ejection mechanism, and a two-counter rotating brush.

Government initiatives such as ‘Swachh Bharat Mission’ and 100% FDI in India have further fueled the growth of the regional market.Automatic vacuum cleaners and sweepers play a key role in maintaining public health in commercial places.

Several state governments in India have adopted road-sweeping machines that work like vacuum cleaners to clean the roads.For instance, in April 2021, CSIR- Central Mechanical Engineering Research Institute in India where the researchers designed a sweeping vacuum machine that collects the wastewater from the drain and cleans the streets.

This machine is designed to maintain the hygiene and cleanliness of Indian roads.

In addition, market growth is influenced by strong and well-established distribution channels and diversification of manufacturing and supply chain capabilities.The online distribution channel has also gained momentum in recent years and companies are emphasizing the direct-to-consumer sales channel.

For instance, in July 2021, realme, a Chinese smartphone company, launched its tech-life vacuum cleaner robot with a LiDAR system on its global online store for an improved digital experience for its customers. Further, the company is investing in strengthening its direct-to-consumer sales channel, and it would also build a long-term relationship directly with customers.

Vacuum Cleaner Market Report Highlights
• The use of intelligent technologies such as Artificial Intelligence (AI) to develop autonomous cleaning solutions is expected to emerge as a major trend aiding the market growth
• The robotic vacuum cleaner segment is expected to witness the fastest growth over the forecast period. The growth can be attributed to the advanced features offered by robotic cleaners that require minimum human intervention
• In terms of distribution channel, the online segment is anticipated to register a CAGR of over 10% from 2022 to 2030. This growth can be attributed to the enormous developments in digitalization and e-commerce platforms globally
• The introduction of advanced technologies in robotic cleaners, such as automatic charging systems and voice assistance systems, is expected to drive market growth in the residential segment
• In North America, the market is expected to retain its dominance over the forecast period. The increasing number of commercial places, demand for technology-driven cleaning systems, and the rising popularity of smart home products in the region are driving the regional market growth
Read the full report: https://www.reportlinker.com/p06096561/?utm_source=GNW

About Reportlinker
ReportLinker is an award-winning market research solution. Reportlinker finds and organizes the latest industry data so you get all the market research you need – instantly, in one place.

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Personal Service Robotics Market Anticipated to Hit USD 35.9 Billion at a Whopping 38.5% CAGR by 2030 – Report by Market Research Future (MRFR)

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New York, US, June 24, 2022 (GLOBE NEWSWIRE) — Personal Service Robotics Market Overview:
According to a comprehensive research report by Market Research Future (MRFR), “Personal Service Robotics Market” information by Components, by Application and Region – Forecast to 2030” market size to reach USD 35.9 billion, growing at a compound annual growth rate of 38.5% by 2030.

Personal Service Robotics Market Scope:
The adoption of swarm robotics that enables robots in performing different complex works with ease will offer robust opportunities for the personal service robotics market over the forecast period. Swarm robotics simply put is a method for coordinating many robots in a single system. Swarm robotics feature unique scalability, adaptability, and resilience qualities. Robots can easily accomplish a variety of complicated jobs because to swarm intelligence. For example, swarm intelligence allows drones to cover a bigger area faster since the Internet range can be extended via sharing the Internet among the drones.

Report Scope:

Report Metric Details
  Market Size USD 35.9 Billion 2030
  CAGR CAGR 38.5%
  Base Year 2019
  Forecast Period 2020-2030
  Historical Data 2018
  Forecast Units Value USD billion
  Report Coverage Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
  Segments Covered By Component, By Application
  Geographies Covered North American, European, Asian Pacific
  Key Vendors Samsung Electronics Co. Ltd. (Korea), Hasbro Inc.(U.S.), Ecovacs Robotics Inc (China),ZMP Inc (Japan),Hansol Robotics Corp. (Korea), Neato Robotics Inc (U.S.), F&P Robotics AG(Switzerland), Segway Inc.(U.S.), Honda Motor Co Ltd. (Japan),iRobot Corporation (U.S.)
  Key Market Opportunities The deployment of robotics is essential in every field.
  Key Market Drivers The demand for robotics has reached a peak during the past two decades

Get Free Sample PDF Brochure:  
https://www.marketresearchfuture.com/sample_request/2457   

Market Drivers
Falling Price of Raw Materials to Boost Market Growth
Personal robots are becoming more affordable to budget-conscious individuals. The average price of personal robots has reduced in recent years due to lower raw material costs. The general creation of personal service robots has been significantly influenced by the drop in raw material prices. This will boost market growth over the forecast period.

High Price to act as Market Restraint
The high price to develop personal service robots may act as a market restraint over the forecast period.

Concerns about Data Privacy to act as Market Challenge
The concerns regarding data privacy & regulations, high maintenance cost, and massive investments at the initial stage may act as market challenges over the forecast period.

Browse In-depth Market Research Report (100 Pages) on Personal Service Robotics Market: 
https://www.marketresearchfuture.com/reports/personal-services-robotics-market-2457   

COVID-19 Analysis
The COVID-19 epidemic will only accelerate the use of service robots for functions such as contactless delivery, disinfection, medication and food delivery, and border control assistance. As a result, this industry is likely to see a number of deployments, particularly in the healthcare industry. Furthermore, robots are vital in the fight against the SARS-CoV-2 coronavirus. Chinese hospitals, for example, have acquired over 2,000 disinfection UVD robots from Danish firm Blue Ocean Robotics, according to IFR. These robots walk around patient rooms on their own, covering all important surfaces with just enough UV-C light to destroy infections.

Segmentation of Market Covered in the Research:
The global personal service robotics market is bifurcated based on component and application.

By component, software will lead the market over the forecast period.

By application, the personal service robotics market is segmented into Cleaning Robot, Entertainment & Toy Robot, Education Robot, Handicap Assistance Robot, Companion Robot, Personal Transportation Robot, and Security Robot.

Talk to Expert:
https://www.marketresearchfuture.com/ask_for_schedule_call/2457  

Regional Analysis
Europe to Precede Personal Service Robotics Market
Because of its high acceptance of new technology and quick increase in disposable income, Europe is likely to have the highest share of the personal service robotics industry. In Europe, the global personal service robotics market is predicted to expand by 44%. Demand from the logistics, healthcare, defense, and retail industries are driving the market. In the anticipated year 2022, Europe will reach peak CRGR. Robotics services are more efficient thanks to increased R&D in Europe. In Europe, government attempts in promoting robotics are also common. During the projected period, Europe is likely to hold a considerable share of the service robots market. The expansion of the automotive, healthcare, & electronics industries in the region will propel the service robotics industry in the region. The majority of European countries are developed, have a high per capita income, and can afford the expensive cost of some service robots. The market is supported by a strong research base in France and the United Kingdom. The governments of Germany, France, and the United Kingdom are focusing on the creation of assistive robots for the elderly care as a result of their ageing populations. Domestic robots are being driven by a labor crisis in Europe. Furthermore, in order to combat COVID-19, European countries are actively embracing robotics. The AI-ROBOTICS vs. COVID-19 effort was launched by the European Commission to generate ideas to develop artificial intelligence (AI) & robotics solutions, and information on other initiatives which could assist address the current COVID-19 situation.

APAC to Have Admirable Growth in Personal Service Robotics Market
Due to expanding need for humanoid robots especially in Japan, increasing population, and high technical innovation investments, the Asia-Pacific region is expected to grow between 2016 and 2022. The personal service robotics market in the Asia Pacific area is expected to increase significantly due to the high export rate of robotic components and assembled robots, as well as the vast pool of personal service robot producers in countries such as China and Japan. Asia-Pacific, the world’s second-largest market, is in high demand. The market is being driven via increased research & development. This region has a greater rate of automation investment. It is the primary reason for the robots market’s fastest growth in the forecast year of 2022.

Buy this Report:
https://www.marketresearchfuture.com/checkout?currency=one_user-USD&report_id=2457

Dominant Key Players on Personal Service Robotics Market Covered are:

  • Ecovacs Robotics Inc (China)
  • Honda Motor Co Ltd. (Japan)
  • Samsung Electronics Co. Ltd. (Korea)
  • Hasbro Inc. (U.S.)
  • Hanool Robotics Corp. (Korea)
  • F&P Robotics AG (Switzerland)
  • ZMP Inc (Japan).
  • Segway Inc. (U.S.)
  • Neato Robotics Inc (U.S.)
  • iRobot Corporation (U.S.)

The major contributors of this market are China, Japan, India, and Korea. Due to increased construction activity in China and India and increased spending capacity on infrastructure, the market in Asia-Pacific is likely to grow at the fastest rate of 24.2 percent during the forecast period. During the forecast period, this market is predicted to develop at the fastest pace. This is owing to the presence of countries like Japan, China, and Korea, which were the fourth, fifth, and sixth largest manufacturers of such robots in 2017, according to IFR. Furthermore, rising disposable income in developing nations like India & the Philippines, due to increased industrialization, is predicted to boost demand for service robots. The APAC oil and gas industry has grown significantly in the last two to three years, resulting in a growing need for autonomous underwater vehicles (AUVs) & remotely operated vehicles (ROVs). In India, Australia, and China, there is a growing trend of automation & globalization, which is supporting the APAC service robotics market.

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About Market Research Future:
Market Research Future (MRFR) is a global market research company that takes pride in its services, offering a complete and accurate analysis regarding diverse markets and consumers worldwide. Market Research Future has the distinguished objective of providing the optimal quality research and granular research to clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help answer your most important questions.

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New to The Street TV / Newsmax TV Announces its Six Interviews for This Week’s TV Broadcast, Episode #358, June 26, 2022, 10-11 AM ET

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NEW YORK, June 24, 2022 (GLOBE NEWSWIRE) — FMW Media’s New To The Street / Newsmax TV show announces the broadcasting line-up of its national syndicated 1-hour TV show this Sunday, June 26, 2022, airing time 10-11 AM ET.

New to The Street’s 358th TV show line-up, features six (6) interviews of the following Companies and their representatives:

1). Tonix Pharmaceuticals, Inc.’s (NASDAQ: TNXP) interview with Dr. Seth Lederman, MD, and CEO.

2). Sun West Mortgage Company, Inc.’s interview with Mr. Pavan Agarwal, CEO

3). PetVivo Holdings, Inc.’s (NASDAQ: PETV) (NASDAQ: PETVW) interview with Mr. Mark Middleton, National Sales Director.

4). Sekur Private Data, Ltd.’s (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) interview with Mr. Alain Ghiai, CEO.

5). Smile Design Manhattan’s interview with Dr. Lee Gause, DDS, and CEO.

6). “Weekly Sekur Privacy & Sekur Security Segment” interview with internet privacy expert Mr. Alain Ghiai, CEO, Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) (Sekur®)

New to The Street TV re-airs Dr. Seth Lederman, MD, CEO at Tonix Pharmaceuticals, Inc. (NASDAQ: TNXP), in-studio interview at the Nasdaq Marketplace with TV Host Jane King. Recently, TNXP released data during three oral presentations at the 2022 American Transplant Congress held at the Center of Transplantation Sciences, Massachusetts General Hospital. TNX-1500 sees exciting results as a therapy in eliminating transplant rejections in the heart and kidneys. Through a collaboration with Massachusetts General Hospital, part of the Harvard Medical School, the TNX-1500 shows data for possible product development for therapeutic prevention of organ transplant rejection. TNX-1500 shows exciting results to date. A particular molecule, CD40-ligand (CD40L), appears to be the reason for transplant rejections. TNXP engineered a monotherapy to block toxicities associated with CD40L; its TNX-1500 in animal studies shows activities to prevent rejections. Dr. Lederman talks about the monkeypox virus and compares the West African and Central African variants. The West African is the one the press reports about, with infections worldwide not appearing deadly. The Central African variant, with no reported cases, can be lethal. TNXP has two patented vaccines, one for smallpox and the other for monkeypox. TNX-801 is a horsepox-based live virus vaccine currently in development to protect against monkeypox and smallpox. The monkeypox vaccine is in-testing with lab monkeys; so far, results look promising in possible prevention. The Company’s fibromyalgia and Long-COVID studies and clinical trials continue at TNXP. Exciting times for the Company for their novel therapies and treatments; Dr. Lederman will come back on a future show with further updates. The on-screen QR code is available during the show; download or visit Tonix Pharmaceuticals, Inc.https://www.tonixpharma.com/. This interview segment initially aired on June 19, 2022.

New to The Street’s TV Host Jane King welcomes Mr. Pavan Agarwal, CEO at Sun West Mortgage Company, Inc. For over 40 years, the Sun West Mortgage Company has offered mortgages for the low to mid-income earners throughout the US and Caribbean. Pavan passionately describes the quality of care that Sun West gives every mortgage applicant. After years of development, The Company rolled-out its Morgan™ platform, a technology-driven AI platform that understands and appreciates the unique challenges of getting a mortgage. As the first of its kind in the marketplace, the Morgan platform is an empathetic technology that offers solutions that intelligently adapt to a mortgage applicant’s individual needs, situations, and state of mind. Each loan officer and executive at Sun West takes a human-to-human approach to each applicant, ensuring everyone is fairly and kindly treated. The Morgan platform takes artificial intelligence and creates a human-to-technology interaction during the home buying process, eliminating stress, anxiety, uncertainty, and risk, even for those with challenging credit and employment history. Fair lending and fair equality are a must at Sun West Mortgage. Pavan says you cannot have one without the other, and his team, along with the Morgan™ mortgage platform, commit themselves to each applicant with need-based compassion. You are not just a number and a credit score; each applicant has unique life issues, and Sun West Mortgage Company wants to understand each applicant’s needs. The on-screen QR code is available during the show; download or visit Sun West Mortgage Company, Inc. – https://www.swmc.com/.

A second airing on New to The Street TV is Mr. Mark Middleton, National Sales Director at PetVivo Holdings, Inc. (NASDAQ: PETV) (NASDAQ: PETVW), and TV Host Jane King, who talks about the Company and its products. PetVivo Holdings, Inc. is a biomedical device company that manufactures, commercializes, and licenses innovative medical devices and therapeutics for companion animals. As PETV’s National Sales Director, Mark talks about his history within the pet products industry, dealing with FDA manufacturing, product distributions, capital markets, and mergers/acquisitions. He sees himself as a perfect fit at PETV; he understands the veterinarians (DVMs) needs for best practices and product result outcomes for their clients’ animals. The injectable patented Spryng with OsteoCushion Technology treats osteoarthritis and joint afflictions while providing rehabilitation treatments for horses and dogs and continues to grow as a reliable DVM treatment. Being an entirely naturally derived product, Spryng is superior to competitors’ non-biological, synthetic products, and the Spryng treatment lasts longer. The PETV has a talent team who understands science, finance, sales/marketing, manufacturing, distribution, etc. With patience, persistence, and follow-through, Mark sees a strong future for PETV. The on-screen QR code is available during the show; download or visit PetVivo Holdings, Inc. https://petvivo.com/ and Spryng with OsteoCushion Technology https://www.sprynghealth.com/. This interview segment initially aired on June 5, 2022.

New to The Street TV airs the in-studio interview at the Nasdaq Marketplace with Mr. Alain Ghiai, CEO at Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0). Talking with TV Host Jane King, Alain explains the workplace dynamic that shifted to a hybrid work schedule where workers work partially at home and office. While at home, employees log on to corporate systems using less secure home connections. Hackers exploit these home systems, creating a hacking portal into corporate IT networks. Alain states that over $6T in economic losses occur worldwide on data hacks, and his Company’s Sekur products can help eliminate data breaches. He explains the Company’s newest encrypted product, “Chat-by-Invite.” This new tool gives subscribers an utterly private communication. It works when the Sekur subscriber sends a text or email message to a recipient, and a link appears that opens into a private, secure platform hosted in Switzerland. Essentially, the chat occurs on the Swiss servers owned and controlled by Sekur Private Data, Ltd. At the end of a transmission, the initiator can remotely terminate the communication and delete all traces, including the recipient’s post. Hackers won’t know about the transmission because of the highly encrypted military technology behind the product. There is no direct texting on open-source platforms, making them invulnerable to cybersecurity breaches. The SekurMail / SekurMessenger, SekurVoice, SekurProVideo Conference, and other products are available now or soon. Sekur’s “Chat-by-Invite” app is available on iOS and Android; go to Sekur.com to download it. Subscribers get cybersecurity protections not available with open-source programs for reasonable pricing. Domain migration for emails is available for individuals and businesses. Alain invites viewers to the tutorial videos on how the products work. The Company recently uplifted its share onto the OTCQX trading platform at OTCMarkets, and Alain explains the Company’s goal in getting its share trading on a US national stock exchange. The Company, with its recurring revenues month over month from service subscribers, no debt, no toxic finances, and money in the bank, the value proposition for any investor looks attractive. As an added protection to subscribers, Sekur Private Data, Ltd operates its internet platforms and security businesses under the country of Switzerland’s very tough privacy laws. The on-screen QR code is available during the show to download more info or visit Sekur Private Data, Ltd. – http://www.Sekur.com.

The in-studio interview at the Nasdaq Marketplace with Smile Design Manhattan’s CEO, Dr. Lee Gause, DDS, is re-airing on this week’s New to The Street show. Talking with New to The Street TV’s Host Jane King, Dr. Gause explains the “Smile 23” platform that ensures that business executives make the most impressive physical appearance during presentations. A smile can make all the difference when talking with others, and Dr. Gause says that a warm, inviting smile can build huge confidence for the presenter and those attending in-person or Zoom presentations. “Smile 23” looks to roll up many high-end dental practices with a high level of care, positive patient experiences, and technologically advanced locations. More than 80% of the population is missing at least one tooth. Dental implant growth and technology advancements can reduce cost and improve service quality. The advent of robotic technology in other medical fields is now migrating into dental offices. The dentist-controlled robots can assist in precise dental implants. Dr. Gause talks about “Zoom Call Anxiety,” a condition when someone worries about their appearance on a video chat. With single dental implants costing an average of $5,000, Dr. Gause sees cost lowering and care access increasing. Smile Design Manhattan can provide video consultation, and with its “Smile 23” platform, you can get that smile you always wanted. The on-screen QR code is available during the show; download or visit Smile Design Manhattan – https://www.smiledesignmanhattan.com/. This interview segment initially aired on June 5, 2022.

New to the Street TV re-airs its “Weekly Sekur Privacy & Sekur Security Segmentwith internationally acclaimed internet privacy expert Mr. Alain Ghiai, CEO at Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) and TV Host / Multi-media Journalist Ana Berry. Ana opens the show talking about receiving electronic communication from the Oklahoma State Department of Health on steps to take to prevent being cyber-hacked during vacation travels. The state recommended several suggestions, including checking your device’s settings, installing up-to-date software, and changing passwords. Alain agreed with these suggestions and complimented the State of Oklahoma for being proactive. A common issue is that the factory setting is put back as default when downloading a new version of an updated app or software. Alain says these settings are advantageous for the app and software data harvesting. After new and updated app downloads, Alain suggests you go into your setting feature and enable all privacy settings, which can eliminate potential spying of your devices. Turn off your location settings on your mobile devices and only use them when necessary for a particular app when needed. An Uber lawsuit awarded damages for unauthorized sharing of location data and developed an industry-wide acceptance of a feature that now notifies end-users of permission-based options. End-users can directly agree or disagree with sharing their data when downloading apps. A password generation program is good to use. Alain, however, recommends using a sentence as your password with upper- and lower-case letters, numbers, and special characters; 8 or more characters is a must for a password. Update passwords every 90-days is a good idea to further protect from a possible hack. Alain suggests not using “Free” Wi-Fi at hotels, restaurants, airports, stores, etc., because open portals are prone to hacking data. Sekur Private Data, Ltd, based in Switzerland, uses its Helix military-grade encryption platform to develop many Sekur products that provide secure and private electronic communications. Emails, text messages, and domain migration are available as subscription-based services. SekurVPN (Virtual Private Network), a new product available soon, gives a single location VPN in Switzerland. Competitor products offer different VPN links based on your location. Having multiple VPNs switching back and forth from place to place can be a possible cybersecurity problem. Hosted in Switzerland, the SekurVPN network is available no matter where you connect. Alain recommends viewers learn more about Sekur products by going to the video tutorials on the Company’s website – https://sekur.com/en/tutorials. For over 1-year now, the “Weekly Sekur Privacy & Sekur Security Segment” provides excellent tips and education on preventing businesses and individuals with potential cybersecurity threats and hacks. Each week, the segment continues forward, and viewers can proactively learn more ways to avoid data breaches. The on-screen QR code is available during the show; download or visit Sekur Private Data, Ltd. – http://www.Sekur.com. “What is your privacy worth?” This interview segment initially aired on June 19, 2022.

About Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP):

Tonix Pharmaceuticals Holding Corp. (NASDAQ: TNXP) is a clinical-stage biopharmaceutical company focused on discovering, licensing, acquiring, and developing small molecules and biologics to treat and prevent human disease and alleviate suffering. Tonix’s portfolio comprises immunology, rare disease, infectious disease, and central nervous system (CNS) product candidates. Tonix’s immunology portfolio includes biologics to address organ transplant rejection, autoimmunity, and cancer. TNX-15001 is a humanized monoclonal antibody targeting CD40-ligand in development to prevent allograft and xenograft rejection and treat autoimmune diseases. A Phase 1 study of TNX-1500 is expected to be initiated in the second half of 2022. Tonix’s rare disease portfolio includes TNX-29002 for the treatment of Prader-Willi syndrome. The FDA has granted TNX-2900 Orphan-Drug Designation. Tonix’s infectious disease pipeline consists of a vaccine in development to prevent smallpox and monkeypox called TNX-8013, next-generation vaccines to prevent COVID-19, and an antiviral to treat COVID-19. Tonix’s lead vaccine candidates for COVID-19 are TNX-1840 and TNX-18504, live virus vaccines based on Tonix’s recombinant pox vaccine (RPV) platform. TNX-35005 (sangivamycin, i.v. solution) is a small molecule antiviral drug to treat acute COVID-19 and is in the pre-IND stage of development. TNX-102 SL, (cyclobenzaprine HCl sublingual tablets) is a small molecule drug being developed to treat Long COVID, a chronic post-acute COVID-19 condition. Tonix expects to initiate a Phase 2 study in Long COVID in the second quarter of 2022. The Company’s CNS portfolio includes small molecules and biologics to treat pain, neurologic, psychiatric and addiction conditions. Tonix’s lead CNS candidate, TNX-102 SL, is in mid-Phase 3 development to manage fibromyalgia, with a new Phase 3 study launched in the second quarter of 2022. Finally, TNX-13006 is a biologic designed to treat cocaine intoxication that is expected to start a Phase 2 trial in the second quarter of 2022 – https://www.tonixpharma.com. (1TNX-1500 is an investigational new biologic at the pre-IND stage of development and has not been approved for any indication.2TNX-2900 is an investigational new drug at the pre-IND stage of development and has not been approved for any indication.3TNX-801 is a live horsepox virus vaccine for percutaneous administration in development to protect against smallpox and monkeypox. TNX-801 is an investigational new biologic and has not been approved for any indication.4TNX-1840 and TNX-1850 are live horsepox virus vaccines for percutaneous administration, in development to protect against COVID-19. TNX-1840 and TNX-1850 are designed to express the SARS-CoV-2 spike protein from the omicron and BA.2 variants, respectively. TNX-1840 and TNX-1850 are investigational new biologics at the pre-IND stage of development and have not been approved for any indication. 5TNX-3500 is an investigational new drug at the pre-IND stage of development and has not been approved for any indication.6TNX-1300 is an investigational new biologic and has not been approved for any indication.)

About Sun West Mortgage Company, Inc.:

Sun West Mortgage Company, Inc. dedicates itself to offering its customers the best service. To accomplish this, they empower their loan officers so that they can find great rates and provide the most appropriate loan options for each customer – at amazing speed. The Company focuses on technology, giving them an edge in the mortgage industry to offer some of the fastest turn times available – so the customer can get into the home of their dreams sooner. They commit to their core values of people, experience, technology, and product. Sun West’s Morgan™ platform is a technology and AI platform that understands and appreciates the unique challenges of getting a mortgage. The platform is available 24 hours & 7 days a week. It was created to intuitively understand simple and complex requests and gives end-users a context-aware resolution of all daily requests, thereby resolving challenges with rigorous efficiency. The Morgan platform provides any inquiry, assistance, or service that an end-user require is completed intuitively, in minutes, and without friction. Founded in 1980, Sun West services a multi-billion-dollar loan portfolio with the perspective of “customers first” and the desire to make the mortgage process easy and stress-free for prospective homeowners. Licensed in 48 states, the District of Columbia, Puerto Rico, and the US Virgin Islands, Sun West Mortgage Company, Inc. acts as the lender and offers to finance qualified borrowers – https://www.swmc.com/ & https://www.hellomorgan.com/.

About PetVivo Holdings, Inc. (NASDAQ: PETV) (NASDAQ: PETVW): 

PetVivo Holdings, Inc. (NASDAQ: PETV) (NASDAQ: PETVW) is an emerging biomedical device company currently focused on manufacturing, commercializing, and licensing innovative medical devices and therapeutics for companion animals. The Company’s strategy is to leverage human therapies to treat companion animals time-efficiently and less costly. A key component of this strategy is the accelerated timeline to revenues for veterinary medical devices that enter the market much earlier than more stringently regulated pharmaceuticals and biologics. PetVivo has a pipeline of seventeen products to treat animals and people. A portfolio of nineteen patents protects the Company’s biomaterials, products, production processes, and use methods. The Company’s lead product Spryng with OsteoCushion Technology, a veterinarian-administered, intraarticular injection to treat lameness and other joint-related affliction, including osteoarthritis, in dogs and horses, is currently available for commercial sale to veterinarians – https://petvivo.com/ & https://www.sprynghealth.com/.

About Smile Design Manhattan:

Smile Design Manhattan’s goal for its dentists, endodontists and dental hygienists is to provide high-quality oral health care to men and women living in and around Midtown West, New York City. Patients feel confident about oral hygiene care and results when the dentist and office staff reiterate clear communications and a commitment to individualized care. At Smile Design Manhattan, the team’s commitment to patient comfort and cutting-edge technology extends to all the clinical treatment areas. The providers at Smile Design Manhattan provide a different kind of dental experience. After hearing dozens of new patients tell of “nightmare” dental scenarios, Smile Design Manhattan founder Lee Gause, DDS, designed the practice’s environments to be warm and inviting. Patients can access the best, most comprehensive oral health care and partner with the team at Smile Design Manhattan – https://www.smiledesignmanhattan.com/.

About Sekur Private Data Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0):

Sekur Private Data, Ltd. (OTCQX: SWISF) (CSE: SKUR) (FRA: GDT0) is a Cybersecurity and Internet privacy provider of Swiss hosted solutions for secure communications and secure data management. The Company distributes encrypted emails, secure messengers, secure communication tools, secure cloud-based storage, disaster recovery, and document management products. The Company sells and serves consumers, businesses, and governments worldwide through approved wholesalers, distributors, and telecommunications companies. Contact Sekur Private Data, Ltd. at [email protected] or visit https://www.sekurprivatedata.com and https://www.sekur.com.

About FMW Media: 

FMW Media operates one of the longest-running US and International sponsored and Syndicated Nielsen Rated programming TV brands, “New to The Street” and its blockchain show “Exploring The Block.” Since 2009, these brands have run biographical interview segment shows across major U.S. Television networks. The paid-for-TV programming platforms can potentially reach over 540 million homes in the US and international markets. FMW’s New to The Street / Newsmax TV broadcasting platform airs its syndication on Sundays at 10 -11 AM ET. FMW is also one of the nation’s largest buyers of linear television, long and short-form paid programming – https://www.newsmaxtv.com/Shows/New-to-the-Street & https://www.newtothestreet.com/.

Forward-Looking Statements Disclaimer:

This press release contains forward-looking statements within Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934. In some cases, you can identify forward-looking statements by the following words: “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “ongoing,” “plan,” “potential,” “predict,” “project,” “should,” “will,” “would,” or the negative of these terms or other comparable terminology. However, not all forward-looking statements contain these words. Forward-looking statements are not a guarantee of future performance or results and will not necessarily be accurate indications of the times at which such performance or results are achieved. This press release should be considered in all filings of the Companies contained in the Edgar Archives of the Securities and Exchange Commission at www.sec.gov.

CONTACT:

FMW Media Contact:

Bryan Johnson
+1 (631) 766-7462
[email protected]

“New to The Street” Business Development Office
1-516-696-5900
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/e348e2c6-20a0-4a2a-a16d-e72a6948f36c

WISeKey Showcases Innovative Embedded IoT Systems to Securely Connect Products to the Metaverse at the Embedded World 2022 Exhibition

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WISeKey Showcases Innovative Embedded IoT Systems to Securely Connect Products to the Metaverse at the Embedded World 2022 Exhibition

GENEVA – June 24, 2022: WISeKey International Holding Ltd. (“WISeKey”) (SIX: WIHN, NASDAQ: WKEY), a leading global cybersecurity, AI and IoT company today announced that it participated at the Embedded World 2022 Exhibition which took place in Nuremberg, Germany from June 21-23. The events focused on introducing the latest trends and technical innovations in the field of embedded technologies such as IoT and electronic systems security and brought together visitors with the technologies inspiring the future.

Apart from industry leading IoT solutions and Semiconductors, WISeKey showcased how its semiconductors are used to protect brands against counterfeiting and connect their products to the Metaverse using its WISe.ART NFT platform. WISeKey is providing this technology to luxury brands to protect high end watches and connect their owners to the Metaverse. The WISeKey embedded secure element provides a full certified history of the luxury good, from manufacturing to owners, which solves the traceability complexity of these products. Moreover, the silicon used to manufacture the mechanical parts offers additional useful characteristics such as shape memory effect, thermal stability, etc.

Counterfeiting is a huge and growing issue for the luxury industry. Not only the original manufacturers’ revenues and reputation are at stake, but the end customers are also impacted (quality issues, reliability, etc.). One of the solutions to fight counterfeiting is to digitally identify and authenticate these goods. For instance, a secure element with unique secret keys can be placed in or on a watch to prove the watch’s identity, the same way an electronic passport proves a passenger’s identity. For some luxury industries, electronic components are very badly perceived since they can waste the overall impression of luxury.

Today, there are no effective ways to mechanically and efficiently secure a piece of silicon (a secure element) in the (often metal) environment of a watch or of another luxury good. Therefore, such a secure element could easily be moved from an authentic watch to a fake one, or from a low-cost model to an expensive one. Similarly, an electronic passport with no biometric records could be stolen and used by anybody.

The secure element used to digitally prove the identity of a luxury good (watch, etc.) is no longer an external “dirty” part that is artificially affixed onto/into the product. It is fully integrated and becomes a constitutive part of the product. The overall luxury perception is intact.

This secure element is no longer an external part that could be moved to another product, it intrinsically becomes part of the product it protects, like a DNA signature. This seriously reinforces the proof of identity/authenticity. Since the secure element is intrinsically integrated into a piece of the good to be protected, it does not require any specific handling. The traditional fully hand-made assembly of the good is still possible and the craft environment of luxury is respected.

The authenticity of the luxury good can be easily proven by checking the digital identity (secret keys) contained in the embedded secure element through standard cryptographic transactions between this “chip” and an external authentication device. Various interfaces are possible (contact and contactless). The mechanical part that will be included in the luxury good to be protected is laser cut in a piece of silicon that embeds the secure element which was previously prepared in a regular semiconductor factory. The embedded secure element is a regular secure microcontroller that provides the communication interfaces required by the application (contact or contactless) and that can be powered by contact or by induction. The embedded secure element is provisioned with the digital identity (secret keys) once the luxury good is univocally initially authenticated by the brand. Depending on the physical integration and use case, the secure element can be accessed for authentication or traceability either through the casing of the good or after having opened it for inspection or maintenance.

WISeKey’s NFT technology creates a Watch Birth Certificates, digital identities which are analogous to birth certificates and can be converted into NFTs. The Watch Birth Certificate is signed, or “certified” by a trusted authority and contains basic information such as date & time of manufacture (birth), company (parents), and type of product. This digital identity, used throughout the watch lifetime, allows the watch to become a “Trusted Object” of the Internet, prove its identity and provide verifiable data.

The Watch Birth Certificate is based on a cryptographic public-private key pair that is unique to each IoT device. The public key for this key pair is part of the certificate and can be freely distributed, while the private key is used whenever the IoT device needs to verify its identity or to sign data to ensure cryptographic integrity. It is the private key that represents the essence of the identity of the IoT device.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey microprocessors secure the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.6 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.). WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press and investor contacts:
WISeKey International Holding Ltd
Company Contact: Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
[email protected]

WISeKey Investor Relations (US)
Contact: Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
[email protected]

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties, and other factors, which could cause the actual results, financial condition, performance, or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.