Artificial Intelligence
Concerned Shareholders of Australis Remind Shareholders to Vote the Yellow Proxy to Deliver Positive and Much Needed Change
Roger Sykes, 1703469 Alberta Ltd., Duke Fu, Green Therapeutics LLC, Jason Dyck, Terry Booth and Lola Ventures Inc. (the “Concerned Shareholders“), each of whom is a shareholder of Australis Capital Inc. (“Australis” or the “Company“) (CSE: AUSA), would like to thank shareholders for the overwhelming support they have received to date. For those shareholders who have yet to vote and who support our efforts for positive change, the deadline to submit YELLOW proxies is November 12, 2020 at 6:00 pm (Mountain Time).
Australis shareholders have tolerated ineffective and misguided leadership for long enough. The current board of directors and management team (the “Incumbents“) have had opportunity after opportunity to prove themselves as worthy stewards of shareholder resources and at every turn, they have failed to deliver. Do not be fooled by the Incumbents’ selective disclosure to purposely mislead shareholders. Let the facts speak for themselves. The Incumbents’ track record of deal-making and corporate stewardship is fraught with failures and can be summarized as follows:
- Catastrophic Acquisitions. The Incumbents approved the nearly catastrophic acquisitions of Passport Technology Inc. and Folium Biosciences in addition to a litany of other failures. They oversaw a massive decline in shareholder value as well as the erosion of the Company’s resources, all while completely failing to establish any material revenue generating operations. This is not a track record that warrants another opportunity to lead the Company.
- Abysmal Governance and Self-Interested Behaviour. The abysmal corporate governance and self-interested behaviour exhibited by the Incumbents, examples of which we have repeatedly cited throughout this campaign, have recently been demonstrated by the issuance of 4.25 million shares to Scott Dowty in connection with his resignation as Executive Chairman of Australis shortly following Passport’s termination of the Passport transaction, and the issuance of 7.65 million options to Harry DeMott, all at a time when shareholders have incurred massive losses in the value of their investment in Australis.
DeMott continues to mislead shareholders on multiple fronts. The most recent example was his disingenuous assertion on an investor update call held on November 10, 2020 that he waived his previous options as a director for his 7.65 million new options as CEO. What he neglected to mention was that all of the options that were waived were out of the money and he was simply granting himself options that were better-suited to enrich himself. Additionally, DeMott failed to disclose on the call that the exercise price of his new options is $0.13, while the exercise price of the cancelled options ranged between $0.18 to $0.98. The Concerned Shareholders question the assertion that DeMott has in fact even cancelled his previously granted options, as there is no evidence in his insider filings or filings with the Canadian Securities Exchange of such a cancellation. If such a cancellation did in fact take place, Australis would have been precluded from issuing new options to DeMott for 30 days from the date of the cancellation. DeMott has either misled shareholders regarding the status of his current holdings, or he and Australis are in breach of securities laws and CSE filing requirements. Either way, this is further evidence of continued governance failures at Australis.
Additionally, on the same November 10 investor update call, DeMott spoke of honouring the non-disclosure agreement (“NDA“) that was entered into between Australis and the Concerned Shareholders in advance of settlement discussions; however, after the Concerned Shareholders presented their plan, DeMott in fact breached the NDA and reached out to the CEO of one the companies that the Concerned Shareholders disclosed.
- Lack of Strategic Direction. The Incumbents have shown a complete lack of strategic direction, demonstrated by knee-jerk reactions to the pressure exerted by the Concerned Shareholders. Over the last 6 months, Australis has changed CEOs three times, seen two board members leave and quickly appointed two new members with no public company experience. What is needed going forward is relevant public cannabis company experience, a concrete strategy to move Australis forward and a competent board of directors to oversee the implementation of that strategy. This is what the Concerned Shareholders’ nominees provide and that the Incumbents lack.
- Misleading Representation of ISS and Glass Lewis Recommendations. DeMott promotes his pride in being transparent; however, he neglected to inform shareholders that both ISS and Glass Lewis have governance concerns with the Incumbents’ equity plans and recommended that shareholders vote AGAINST the SOP and RSU. Additionally, ISS recommended that shareholders WITHHOLD votes from Roger Swainson.
The Concerned Shareholders stand by our strong belief that the Incumbents lack the execution ability and governance integrity needed to create shareholder value going forward. This belief is based on the abysmal track record of value destruction that has plagued the Incumbents’ tenure at the helm of Australis. We urge all shareholders to read our information circular and go-forward strategy for the Company objectively and compare it against the Incumbents’ continued empty promises. We are eager and optimistic to revive Australis and deliver a restoration of value to shareholders.
Australis is at a Critical Juncture – Vote YELLOW to Support Change
The resoundingly strong indications of support we have received from fellow shareholders reinforces our conviction that change is necessary and underscores the crucial need for all shareholders to take a stand now and vote.
Regardless of how many shares you own, all Australis shareholders are urged to read the information circular prepared by the Concerned Shareholders and to seize this opportunity ̶ vote the YELLOW proxy to ensure change for a better future.
Shareholders who have voted the management proxy and wish to support the Concerned Shareholders have the right to change their vote by simply executing a YELLOW proxy, as a later-dated YELLOW proxy replaces a previously recorded vote.
TIME IS OF THE ESSENCE, YELLOW PROXIES MUST BE RETURNED NO LATER THAN NOVEMBER 12, 2020 AT 6:00 P.M. (MOUNTAIN TIME).
Forward Looking Statement
This news release contains forward-looking statements and forward-looking information within the meaning of applicable securities laws, including, without limitation, The Concerned Shareholders’ and Australis’ respective priorities, plans and strategies. All statements and information, other than statements of historical fact, included herein are forward-looking statements, including, without limitation, statements regarding activities, events or developments that the Concerned Shareholders expect or anticipate may occur in the future. These forward-looking statements can be identified by the use of forward-looking words such as “may”, “will”, “expect”, “intend”, “plan”, “estimate”, “anticipate”, “believe” or “continue” or similar words and expressions or the negative thereof. Such statements reflect the Concerned Shareholders’ or the Concerned Shareholder nominees’ current views and intentions with respect to future events and are subject to certain risks, uncertainties and assumptions. There can be no assurance that the plans, intentions or expectations upon which these forward-looking statements are based will occur or, even if they do occur, will result in the performance, events or results expected. We caution readers not to place undue reliance on forward-looking statements contained herein, which are not a guarantee of performance, events or results and are subject to a number of risks, uncertainties and other factors that could cause actual performance, events or results to differ materially from those expressed or implied by such forward-looking statements. These factors include: changes in Australis’ and the Concerned Shareholders’ strategies, plans or prospects; general economic, industry, business, regulatory and market conditions; actions of Australis and its competitors; conditions in the cannabis industry; risks relating to government regulation and changes thereto; the state of the economy including general economic conditions globally and economic conditions in the jurisdictions in which Australis operates; the unpredictability and volatility of Australis’ share price. These factors should not be construed as exhaustive. Readers are cautioned that all forward-looking statements involve known and unknown risks and uncertainties, including those risks and uncertainties detailed in the continuous disclosure and other filings of Australis, copies of which are available on the System for Electronic Document Analysis (“SEDAR”) at www.sedar.com. We urge you to carefully consider those risks and uncertainties. The forward-looking statements contained herein are expressly qualified in their entirety by this cautionary statement. Unless expressly stated otherwise, the forward-looking statements included herein are made as of the date of this news release and the Concerned Shareholders disclaim any obligation to publicly update such forward-looking statements, except as required by applicable law.
SOURCE Concerned Shareholders of Australis Capital Inc.
Artificial Intelligence
Businessabc.net, part of Ztudium group partners with IEBF to offer GenerativeAI tools for SMEs, Adds Dilip Pungliya to Leadership
LONDON and NEW DELHI, April 24, 2024 /PRNewswire/ — Businessabc.net part of ztudium group partners with Indo-European Business Forum IEBF and signed an MOU to collaborate in building tech AI-powered tools and trade corridors and technological solutions for businesses in India, UK, and Europe.
Businessabc.net is a global business abc AI, digital certification search engine, and directory marketplace that offers a fresh approach to business insights, and analytics and makes it accessible to every company, and employee, empowering knowledge-sharing and strategic insights across every level for businesses worldwide. Businessabc offers a digital hub marketplace to empower SMEs and businesses of all types with B2B, B2C, and AI-powered tools, that give them access to strategies, and insights and connect them with chambers of commerce, trade corridors, digital supply chains, provenance tools, and multi-store e-commerce solutions. The Indo-European Business Forum – IEBF is an independent, impartial organisation promoting two-way flows of trade, and investment in India, the UK, and EU member countries.
Businessabc.net owned by ztudium announces this strategic partnership with the IEBF and announces Dilip Pungliya as a new partner and Board Member to lead these endeavours. In this role, Mr. Pungliya, a tech, business, and data scientist executive will bring his extensive expertise in business strategy and digital transformation to lead key initiatives within the organisation.
The growth of Generative AI among Small and Medium Enterprises (SMEs) worldwide has been steadily gaining momentum, and in India, the UK, and Europe a burgeoning tech ecosystem is growing awareness of the transformative potential of artificial intelligence.
IEBF and Businessabc.net join forces to expand the platform with new indexes powered by Generative AI to enhance efficiency, streamline operations, and give companies a competitive edge in the market. Factors such as the availability of cost-effective AI solutions, the skilled workforce, and a global need to push towards digitalisation have contributed to the adoption of Generative AI technologies. GenAI tools and tech solutions are critical to unlocking new value for businesses and becoming the most important tools for organisations of all sizes. AI revolution through platforms such as businessabc.net semantic and GenAI search, indexes, and chatbots, can solve business problems and offer leaders integrated solutions for their growth.
IEBF has been collaborating with Governments in India, UK, and Europe,. Their contribution includes events in the UK House of Lords, Indian governmental organisations, and research and education initiatives for businesses. Created by Mr. Vijay Goel and Mr. Sunil Kumar Gupta the founders, responsibles for the organisation said about this: “We are excited to work and enhance business solutions between IEBF and Businessabc.net, part of Ztudium group. All businesses need to be aware, educated, and prepared for this new AI and digital growth tools world. Data from India’s Ministry of Electronics and Information Technology (MeitY) reports that GenAI is expected to add USD 450–500 billion to India’s GDP by 2025 – 10% of the country’s USD 5 trillion GDP target. We expect to work together to empower businesses in India, the UK, and Europe joining forces with Businessabc.net to organise strategic trade corridors, events, and Indexes.”
Dinis Guarda, Founder of Ztudium / Businessabc.net, a business top thought leader, author, and Youtuber said about the partnership: “We are thrilled to work with IEBF to expand the businessabc.net solutions to India, UK, and Europe businesses and welcome Dilip Punglyia to support, lead this partnership and Ztudium group. Together we will offer cutting-edge simple tools that use genAI in business and finance. In the financial sector alone GenAI is expected to increase global gross domestic product (GDP) by 7%—nearly $7 trillion—and boost productivity growth by 1.5%, according to Goldman Sachs Research.”
Dilip Pungliya, a seasoned tech, digital, and business strategy leader with more than twenty five years of experience creating data-driven solutions will be at the forefront of this partnership. Mr. Dilip Pungliya said about this: “I’m thrilled to join businessabc.net and Ztudium leadership team and contribute to the growth of the partnership with the IEBF and its holistic company’s mission of driving innovation and digital transformation through cutting-edge technologies like AI, fintech, Web 3.0, Metaverse, and Blockchain. This partnership will allow us to create a digital ID, new AI data-driven generative tools, and scale growth for businesses in India, UK, and Europe, and Dilip’s wealth of experience and strategic vision will be invaluable as we continue to drive innovation and empower businesses with transformative technologies.”
About the Indo-European Business Forum
IEBF is an independent, impartial body actively promoting two-way flows of trade, and investment in India and EU member countries. Indo European Business Forum is an open forum comprising like-minded people who believe that “India can offer strong and sustained business opportunities for European Union countries”. IEBF is patronised by leading personalities from both India and the EU having excellence in the fields of business, finance, real estate, and art, to name a few. Our advisory board consists of people who are determined to create a progressive world.
About the Businessabc.net,
Founded in August 2011 by Dinis Guarda, who was joined by Sonesh Sira as board and partner some years after businessabc.net part of Ztudium group has been creating Digital Transformation, and AI tools and being recognised as one of the top global thought leaders organisations by organisations like Thinkers360.com. The company has been working and advising Fortune 500 companies and governments and offers technology products and platforms. Some of its offers are citiesabc.com, fashionsabc.com, sportsabc.org. It also manages a media division with intelligenthq.com, tradersdna.com, hedgethink.com, and services that integrate a wide range of 4IR, AI, 3D, web 3.0, and blockchain technologies solutions such as Metaverseabc. tech, MStores.shopping, iDNA.technology, and AI.DNA. The platform unveiled recently its Top 10,000 Public Companies Market Cap Index, which lists tech giants like Apple, Microsoft, Google, Alphabet, Nvidia, and Meta, and LVMH, IBM, and JPMorgan Chase & Co., from other industries at the top.
About Ztudium: The maker of 4IR, AI, Web 3.0, and Smart Cities technologies
Ztudium is a UK-based global maker of leading proprietary intellectual property and technologies that integrate Fourth Industrial Revolution (4IR) technologies. The company creates technology products, platforms, media, and services that integrate fintech, smart cities, Web 3.0, AI, Metaverse, and Blockchain. Ztudium collaborates with multiple governments, organisations, educational institutions, and business networks worldwide.
For media inquiries, please contact:
Media Contact Name: Manan KothariEmail Address: [email protected] Number: +44 7833881659
Company Name: Businessabc / ZtudiumCompany Address: 85, Great portland street, London W1W7LTWebsite URL: www.businessabc.net, www.ztudium.com
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Artificial Intelligence
South Korea Data Center Market to Witness Investment of $7.22 Billion by 2029 – Get Insights on 35 Existing Data Centers and 19 Upcoming Facilities across South Korea
CHICAGO, April 24, 2024 /PRNewswire/ — According to Arizton’s latest research report, the South Korea data center market is growing at a CAGR of 8.43% during 2023-2029.
To Know More, Download the Free Sample Report: https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
South Korea Data Center Market Report Scope
Report Attributes
Details
Market Size (Investment)
USD 7.22 Billion (2029)
Market Size (Area)
688 thousand sq. Feet (2029)
Market Size (Power Capacity)
143 MW (2029)
CAGR Investment (2023-2029)
8.43 %
Colocation Market Size (Revenue)
USD 1.42 Billion (2029)
Historic Year
2020-2022
Base Year
2023
Forecast Year
2024-2029
South Korea is becoming a resilient data center market, propelled by a strategy prioritizing cloud service, a conducive business climate, and a well-established regulatory framework. Moreover, South Korea is a prominent Southeast Asian market, with investment opportunities driven by Artificial Intelligence and Renewable Energy initiatives. Major investments from local and international data center providers position the country as a pivotal player in the Asia-Pacific (APAC) digital infrastructure landscape.
Recently, South Korea has seen the development of smart cities such as Seoul, Incheon, Busan, and Daejeon. These cities implemented various smart solutions, including the Integrated Public Transportation Fare System, Demand-Responsive Transportation (DRT), Smart Grid, Smart Waste Management System, and numerous others.
Investment Opportunities in South Korea
In October 2023, LGU+ announced the completion of their second facility, Pyeoungchon 2 Center, in South Korea.In September 2023, Kakao announced the completion of their data center facility in Ansan, Gyeonggi, South Korea.In September 2023, SK Ecoplant announced plans to develop a data center campus facility in Pohang, South Korea.In August 2023, the South Korean government announced plans to develop a 1GW data center campus in the Southwest of South Korea.In June 2023, Empyrion DC commenced constructing its first data center facility in the Gangnam area of Seoul, South Korea.Market Trends
The South Korean government has committed to overturning the earlier policy by the administration of phasing out nuclear energy—the previous approach aimed to reduce the number of operational nuclear plants to 17 by 2034.South Korea plans to reduce its dependence on coal-fired power generation to 19.7% by 2030 and further down to 14.4% by 2036. Additionally, the country aims to decrease its reliance on gas-fired generation to 22.9% by 2030 and 9.3% by 2036.KOEN, formerly Korea South-East Power (KOSEP), generates renewable power from photovoltaic – 36 MW, hydro – 18.6 MW, fuel cells – 51.9 MW, wind – 58.4 MW, and biomass – 325 MW.Korea Western Power owns and operates around 17 solar power plants with a total capacity of around 43 MW. The Taean Small Hydro Power plant generates 2.2 MW, and the Hwasun Wind Power plant produces around 16 MW. In addition, the company generates around 39 MW of power capacity through fuel cells, generating around 35 MW of power through biomass.Significant Growth in Cloud, Mission Critical, and High-Performance Infrastructure to Increase OCP and Arm-based Server Adoption Booming the Market Growth
The expansion of hyperscale data centers will likely increase the demand for arm-based servers and promote the procurement of high-performance infrastructure solutions and OCP infrastructure solutions. South Korea-based cloud service provider Douzone Bizon adopted Intel Xeon Scalable Processor solutions to decrease the total cost of ownership for managing blade servers.
Why Should You Buy This Research?
Market size is available regarding investment, area, power capacity, and South Korea colocation market revenue.An assessment of the data center investment in South Korea by colocation, hyperscale, and enterprise operators.Investments in the area (square feet) and power capacity (MW) across cities in the country.A detailed study of the existing South Korea data center market landscape, an in-depth market analysis, and insightful predictions about market size during the forecast period.Snapshot of existing and upcoming third-party data center facilities in South KoreaFacilities Covered (Existing): 35Facilities Identified (Upcoming): 19Coverage: 12+ CitiesExisting vs. Upcoming (Area)Existing vs. Upcoming (IT Load Capacity)Data Center Colocation Market in South KoreaColocation Market Revenue & Forecast (2023-2029)Wholesale vs. Retail Colocation Revenue (2023-2029)Retail Colocation PricingWholesale Colocation PricingThe South Korea data center market investments are classified into IT, power, cooling, and general construction services with sizing and forecast.A comprehensive analysis of the latest trends, growth rate, potential opportunities, growth restraints, and prospects for the industry.Business overview and product offerings of prominent IT infrastructure providers, construction contractors, support infrastructure providers, and investors operating in the industry.A transparent research methodology and the analysis of the demand and supply aspects of the industry.Buy this Research @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Post-Purchase Benefit
1hr of free analyst discussion10% off on customization The Report Includes the Investment in the Following Areas:
IT InfrastructureServersStorage SystemsNetwork InfrastructureElectrical InfrastructureUPS SystemsGeneratorsTransfer Switches & SwitchgearsPDUsOther Electrical InfrastructureMechanical InfrastructureCooling SystemsRack CabinetsOther Mechanical InfrastructureCooling SystemsCRAC & CRAH UnitsChiller UnitsCooling Towers, Condensers & Dry CoolersEconomizers & Evaporative CoolersOther Cooling UnitsGeneral ConstructionCore & Shell DevelopmentInstallation & Commissioning ServicesEngineering & Building DesignFire Detection & Suppression SystemsPhysical SecurityData Center Infrastructure Management (DCIM)Tier StandardTier I & Tier IITier IIITier IVGeographySeoulOther CitiesVendor Landscape
IT Infrastructure Providers
Arista NetworksAtosCisco SystemsDell TechnologiesFujitsuHewlett Packard EnterpriseIBMInspurIntelLenovoNetAppData Center Construction Contractors & Sub-Contractors
BEHIVE ArchitectsDPR ConstructionGS E&CHanmiGlobalHyundai Engineering & ConstructionISGPOSCO ICTSAMOO Architects & EngineersSamsung C&TSupport Infrastructure Providers
ABBCaterpillarCumminsDelta ElectronicsEatonFuji ElectricLegrandMitsubishi ElectricPiller Power SystemsRittalRolls-RoyceSchneider ElectricSTULZVertivData Center Investors
ActisDigital RealtyDreammark1Digital EdgeEquinixHostway IDCKakao CorpKT CorpLG UplusLG CNSNaverNHN CorpSOLISIDCSK BroadbandNew Entrants
Empyrion DCESROneAsia NetworkPrinceton Digital GroupPure Data Centres GroupSC Zeus Data CentersST Telemedia Global Data CentresSTACK InfrastructureKey Questions Answered in the Report: How big is the South Korea data center market?How many existing and upcoming data center facilities exist in South Korea?How much MW of power capacity will be added across South Korea during 2024-2029?What factors are driving the South Korea data center market?What is the growth rate of the South Korea data center market?Who are the key investors in the South Korea data center market?
Get the Detailed TOC @ https://www.arizton.com/market-reports/south-korea-data-center-market-investment-analysis
Check Out Some of the Top-Selling Research Reports: Indonesia Data Center Market – Investment Analysis & Growth Opportunities 2024-2029
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Australia Data Center Market – Investment Analysis & Growth Opportunities 2023–2028
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About Us:
Arizton Advisory and Intelligence is an innovative and quality-driven firm that offers cutting-edge research solutions to clients worldwide. We excel in providing comprehensive market intelligence reports and advisory and consulting services.
We offer comprehensive market research reports on consumer goods & retail technology, automotive and mobility, smart tech, healthcare, life sciences, industrial machinery, chemicals, materials, I.T. and media, logistics, and packaging. These reports contain detailed industry analysis, market size, share, growth drivers, and trend forecasts.
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Contact Us Call: +1-312-235-2040 +1 302 469 0707 Mail: [email protected] Contact Us: https://www.arizton.com/contact-us Blog: https://www.arizton.com/blog Website: https://www.arizton.com/
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REYKJAVIK, Iceland, April 24, 2024 /PRNewswire/ — Lucinity , a leader in generative AI for financial institutions, is thrilled to announce the appointment of Udi Nessimyan as its new President and Chief Revenue Officer. Udi brings to the role a wealth of experience from his time in AI development at some of the world’s most prestigious tech companies, including Sealed.ai, Oracle, and Amazon Web Services.
Gudmundur Kristjansson, Founder and CEO of Lucinity, expressed his enthusiasm about Udi’s appointment, stating, “Udi’s proven track record of driving growth and innovation aligns perfectly with our core mission at Lucinity. His strategic acumen and deep industry knowledge are invaluable as we continue to develop and deliver AI solutions that enhance the efficiency and effectiveness of our clients’ operations.”
Udi’s career highlights include co-founding and leading Sealed.ai as CEO, where he spearheaded the development of a cutting-edge conversational AI platform that redefined standards in business communication. At Basis Technology, he was instrumental in driving sales and operational strategies for their flagship products, including Rosette and various Cyber Forensics tools, achieving an annual recurring revenue growth rate exceeding 30%.
In his new role, Udi will focus on refining Lucinity’s approach to marketing, sales, and customer onboarding. His expertise will be crucial in ensuring that Lucinity’s innovative AI solutions are effectively communicated and reach the right audiences, thereby maximizing their impact and facilitating the adoption of the technology.
“Udi’s involvement is vital as we strive to make our AI tools more intuitive and impactful,” said Kristjansson. “His insights and leadership will enhance our ability to deliver these technologies efficiently and effectively, aligning them closely with customer needs and industry demands.”
Under Udi’s leadership, Lucinity is set to deepen its commitment to unleashing human efficiency with AI, expanding the reach and impact of its mission to create AI that makes people better at what they do.
Lucinity thanks its partners and stakeholders for their continued support and interest as it embarks on this exciting new chapter.
About Lucinity:
Lucinity is a leader in generative AI technologies for financial institutions, designed to accelerate workforce efficiency. Its platform features Luci, an AI copilot that enhances intelligence gathering, analysis, and decision-making, allowing institutions to streamline operations and reduce costs. As an open, configurable, no-code platform, Lucinity is a crucial tool for enhancing productivity and operational efficiency in the financial sector.
Media Contact
Celina PabloSenior Marketing [email protected] +354 792 4321
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