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IICSPA Welcomes Fourteen New Fellows for 2024

Rev Up Marketers

The International Institute of Computer Science Professional Association (IICSPA) proudly announces the election of 14 distinguished engineers, technologists, and leaders in the fields of Science, Technology, Engineering, and Maths (STEM) as Fellows for 2024. This esteemed cohort represents a wealth of expertise and commitment to advancing technology for the greater good. The new Fellows, selected from universities around the world, bring diverse specializations, including innovations in artificial intelligence, software engineering, and the development of cutting-edge technologies. Their collective achievements further solidify IICSPA’s mission to promote responsible and impactful technological practices. This year's cohort includes notable figures such as: Vinoth Nageshwaran Senthilkumar Sakthivel Sai Kumar Arava Anantharaj Thalaimalai Vanaraj Dananjayan Thirumalai Rahul Vadisetty President Mohammad Ishra expressed his excitement about the new appointments: “We are delighted to welcome this year’s cohort of Fellows, and I offer my warmest congratulations to everyone. Our Fellows have been the lifeblood of IICSPA since its inception in 1998. Their expertise and dedication are vital to our continued impact in the community.” The 14 new Fellows join a prestigious community of over 1,100 esteemed academics and professionals dedicated to fostering innovation and ethical practices in technology. Consequently, as IICSPA continues to lead in promoting positive technological experiences, it remains committed to nurturing a community of competent professionals who harness technology for societal benefit. About the Organization - IICSPA Founded in 1998, the International Institute of Computer Science Professional Association (IICSPA) is dedicated to ensuring that everyone’s experience with technology is positive. IICSPA envisions a future where technology is responsibly harnessed to enhance lives, driven by a community of ethical professionals. Intending clients and techno-aficionados can visit the following links for more updates regarding IICSPA and its new Fellows: iicspa.org. Contact Details IICSPA Mohammed Ishra info@iicspa.org Company Website http://iicspa.org

September 30, 2024 06:27 AM Eastern Daylight Time

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OCEAN Restoring Bitcoin Mining Decentralization

Bitcoin Ocean,LLC

OCEAN, a leader in Bitcoin mining-pool innovation, is proud to announce the launch of DATUM (Decentralized Alternative Templates for Universal Mining), a revolutionary decentralized mining protocol designed to restore the original ethos of Bitcoin mining. DATUM empowers miners to reclaim control over block template construction, ensuring the Bitcoin network remains secure, decentralized, and resistant to centralization threats such as financial censorship. OCEAN’s lead investor and decentralization advocate Jack Dorsey applauded the news saying “Continued decentralization and permissionless mining are essential for Bitcoin’s long term health. OCEAN's latest innovation with DATUM makes decentralization easier for modern miners." What is DATUM? Bitcoin mining has drifted from its decentralized origins. Today, large mining pools dominate the creation of block templates—the structure that determines which transactions are included in a block. This concentration of power undermines the security and legitimacy of the Bitcoin network. DATUM changes that by giving individual miners, not pools, the ability to construct their own block templates while still participating in a pool for consistent rewards. Similar to Stratum V2 (Sv2), DATUM is designed to decentralize block construction and restore control to individual miners. Jason Hughes, VP of Engineering at OCEAN and author of the DATUM codebase, commented “DATUM is a leap forward in decentralized mining, making true mining available for everyone with as little friction as possible. It enables miners to be actual solo miners and to do all of the things miners were always intended to do for the Bitcoin network, while still reducing their variance through pooled rewards. The codebase is written in C. It is extremely lightweight and portable so it can easily run alongside a Bitcoin full node.” Why Does This Matter? With large pools now controlling more than 50% of Bitcoin’s hash rate, the network faces a serious centralization risk. This raises the possibility of transaction censorship, weakening the very foundation of Bitcoin. DATUM provides a solution by decentralizing block construction, helping to prevent 51% attacks and ensuring Bitcoin remains a free and open system. "The launch of DATUM is a pivotal moment for the Bitcoin mining community. We’re moving block creation back to the individual miners, just as it was intended in the original whitepaper," said Luke Dashjr, Co-founder of OCEAN. "With DATUM, we’re ensuring the security and decentralization of the Bitcoin network, safeguarding its future." About OCEAN: OCEAN is dedicated to advancing the decentralization of Bitcoin mining through innovative technology and cutting-edge solutions. With a focus on preserving Bitcoin’s original principles, OCEAN is committed to creating a secure, sustainable, and decentralized mining ecosystem. Miners interested in participating in the exclusive beta can reach us here: datum@ocean.xyz. Contact Details OCEAN Ian A. Northon +1 307-222-3486 media@ocean.xyz Company Website https://www.OCEAN.xyz

September 29, 2024 10:00 AM Eastern Daylight Time

Copper Property CTL Pass Through Trust Releases Q2-2024 Penney Intermediate Holdings LLC Financial Statements and Master Lease Store Performance Disclosures

Copper Property CTL Pass Through Trust

Copper Property CTL Pass Through Trust (“the Trust”) has filed a Form 8-K containing the Q2-2024 consolidated financial statements of Penney Intermediate Holdings LLC for the three months ended August 3, 2024 and July 29, 2023, respectively, and related Master Lease store performance disclosures. Additional information, including the Trust’s Monthly and Quarterly Reports, as well as other filings with the Securities and Exchange Commission (“SEC”) can be accessed via the Trust’s website at www.ctltrust.net. About Copper Property CTL Pass Through Trust Copper Property CTL Pass Through Trust (the “Trust”) was established to acquire 160 retail properties and 6 warehouse distribution centers (the “Properties”) from J.C. Penney as part of its Chapter 11 plan of reorganization. The Trust’s operations consist solely of owning, leasing and selling the Properties. The Trust’s objective is to sell the Properties to third-party purchasers as promptly as practicable. The Trustee of the trust is GLAS Trust Company LLC. The Trust is externally managed by an affiliate of Hilco Real Estate LLC. The Trust is intended to be treated, for tax purposes, as a liquidating trust within the meaning of United States Treasury Regulation Section 301.7701-4(d). For more information, please visit https://www.ctltrust.net/. Forward Looking Statement This news release contains certain “forward-looking statements”. All statements other than statements of historical fact are “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These statements may be identified by the use of forward looking terminology such as “anticipate,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “might,” “our vision,” “plan,” “potential,” “preliminary,” “predict,” “should,” “will,” or “would” or the negative thereof or other variations thereof or comparable terminology and include, but are not limited to, the Trust’s expectations or beliefs concerning future events and stock price performance. The Trust has based these forward-looking statements on its current expectations, assumptions, estimates and projections. While the Trust believes these expectations, assumptions, estimates and projections are reasonable, such forward-looking statements are only predictions and involve known and unknown risks and uncertainties, many of which are beyond its control. These factors, including those discussed in the Trust’s Registration Statement on Form 10 filed with the Securities and Exchange Commission (the “SEC”), may cause its actual results, performance or achievements to differ materially from any future results, performance or achievements expressed or implied by these forward-looking statements. For a further list and description of such risks and uncertainties, please refer to the Trust’s filings with the SEC that are available at www.sec.gov. The Trust cautions you that the list of important factors included in the Trust’s SEC filings may not contain all of the material factors that are important to you. In addition, in light of these risks and uncertainties, the matters referred to in the forward-looking statements contained in this news release may not in fact occur. The Trust undertakes no obligation to publicly update or revise any forward-looking statement as a result of new information, future events or otherwise, except as otherwise required by law. Contact Details Jessica Cummins +1 847-313-4755 jcummins@hilcoglobal.com Company Website https://ctltrust.net/about/default.aspx

September 27, 2024 04:15 PM Eastern Daylight Time

News Release

AMERICAN DREAM DEBUTS PAW PATROL HERO ACADEMY

American Dream

*** Pictures can be accessed through this link. Will share drone footage and video from 3:30 pm grand opening event upon request ** https://we.tl/t-TT9YlyT0Kx American Dream proudly announces the opening of The PAW Patrol Hero Academy, a vibrant and immersive play environment that brings the beloved PAW Patrol series to life inside Nickelodeon Universe, the largest indoor theme park in the Western Hemisphere. This state-of-the-art attraction promises to captivate and inspire young heroes with a variety of interactive experiences and themed adventures. “Children of all ages love PAW Patrol, and now they can unleash their inner pup by recreating rescue missions from Adventure Bay at American Dream,” said Bryan Gaus, Senior Vice President and General Manager of American Dream. “Through The PAW Patrol Hero Academy, families will create lasting memories as kids interact with Chase, Marshall, Skye, and the entire pup team, learning valuable life skills along the way. This is yet another example of American Dream enhancing our property to provide guests with unique and memorable experiences.” The academy complements the existing PAW Patrol-themed climbing structures and rescue-play activities already inside the theme park. It features numerous slides, obstacles, interactive play panels and puzzles. Additionally, it introduces new and unique themed zones that recreate this special setting. Key Features: • Skye’s Helicopter: This 3D-themed helicopter structure includes motorized rotor blades, offering an authentic and thrilling experience. Children can climb aboard and imagine soaring high above Adventure Bay. • Fire Station and Police Station: Explore themed zones modeled after the PAW Patrol's headquarters. Climb the Fire Station Tower, slide down the Drop Slide with waterfall lighting, and peek through the colorful window panels that bring these iconic buildings to life. • Liberty’s Addition: Children can join Liberty, the newest member of the PAW Patrol, on her daring adventures. Experience her special interactive features, including the Liberty Hero Academy Sensor Panel, which lights up and engages with sounds, adding a new layer of fun to the adventure. The PAW Patrol Hero Academy is for everyone, with accessibility in mind. It includes ADA-compliant structures and transfer decks to ensure that every child can join in the fun. As they say in the show, “no job is too big and no pup is too small.” For more information on event schedules, character appearances and ticket purchases, visit www.americandream.com ABOUT AMERICAN DREAM American Dream, developed by Triple Five Group, is an unparalleled mix of world-class entertainment, retail and dining, comprising more than 3-million square feet just minutes away from New York City in East Rutherford, New Jersey. American Dream is home to leading attractions, including DreamWorks Water Park, Nickelodeon Universe Theme Park, THE GAMEROOM Powered by Hasbro, New Jersey Hall of Fame, LEGOLAND Discovery Center, SEA LIFE Aquarium, Big SNOW Ski Hill, Dream Wheel – a 300-foot observation wheel overlooking the NYC skyline. Additionally, Sesame Street Learn & Play, will debut later this year. American Dream's immersive luxury shopping and dining experience – The Avenue – features Saks Fifth Avenue, Hermès, Rolex, Cartier, Watches of Switzerland, Saint Laurent, Tiffany & Co., Gucci, Balenciaga, Dolce & Gabbana, Ferrari, Gentle Monster, Canada Goose, Carpaccio, a fine-dining Italian restaurant, and much more. The retail and dining collection is further expanded with flagship locations for Aritzia, H&M, PRIMARK, Uniqlo, Sephora and Zara; as well as the Toys"R"Us global flagship, the only standalone location in the U.S, the first-ever MrBeast Burger restaurant, world renowned chef Marcus Samuelsson’s Marcus Live! and the world's first and only "candy department store," IT’SUGAR. Contact Details American Dream Gregg Schwartz gregg.schwartz@americandream.com

September 27, 2024 11:48 AM Eastern Daylight Time

Comcast Unveils Xfinity Rewards Hot Air Balloon in Clovis

Comcast California

Comcast is proud to announce its participation in the 49th annual ClovisFest & Hot Air Balloon Fun Fly, taking place from September 28-29, 2024, in Clovis, California. Comcast will bring its Xfinity Rewards branded hot air balloon to California for the first time at the iconic Central Valley event, offering attendees a unique and immersive experience. "Our participation in ClovisFest is a wonderful opportunity to connect with our customers and the broader community in a meaningful way,” said Justin Minniti, Area Vice President at Comcast in California. “The Xfinity Rewards hot air balloon symbolizes our commitment to providing extraordinary customer experiences. The balloon also symbolizes Comcast’s commitment to our communities through Project UP, a $1 billion investment to advance digital equity, foster economic mobility and open doors for the next generation of innovators.” “We are excited to have the Xfinity Rewards hot air balloon join our stellar lineup this year,” said Greg Newman, President and CEO of the Clovis Chamber of Commerce. “On behalf of the Clovis Chamber of Commerce and the Clovis community, we thank Comcast for its participation in and support of the festival that benefits thousands of business owners in the area and is a staple for Central Valley families and visitors.” The Xfinity Rewards hot air balloon will be prominently featured at the event, inviting attendees to sign up for Xfinity Rewards and learn more about the exclusive benefits available to its members. Eventgoers can also visit the Xfinity booth for interactive experiences and giveaways. Xfinity Rewards unlocks access to unforgettable experiences, the latest technologies, and perks and discounts that only Comcast NBCUniversal can deliver. Joining Xfinity Rewards is free for customers. Signing up is fast and easy through the Xfinity App or online at xfinity.com/rewards. Upon enrolling, members are placed in a Silver, Gold, Platinum or Diamond tier based on how long they’ve been a customer. Rewards are available immediately upon signing up for the program so members can start exploring and enjoying them right away with exciting new opportunities added frequently throughout the year. About the Xfinity Rewards Hot Air Balloon The 85 feet tall Lindstrand Balloon was created in 2022 to promote Comcast’s Xfinity Rewards Program. It features eight three-dimensional 23 feet tall hearts. More than 1,234 pieces of material were used to create the hearts. It holds three passengers at a time – the pilot plus two riders. Lindstrand is a prominent balloon manufacturer in the United States. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Adriana Arvizo +1 925-200-1919 Adriana_Arvizo@comcast.com Company Website https://california.comcast.com/

September 27, 2024 07:00 AM Pacific Daylight Time

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News Release

Red Capital's Revamped Platform Outshines Competitors in the FinTech Savings Arena

Rev Up Marketers

In the ever-evolving world of FinTech, Red Capital has proven its commitment to innovation by launching its newly retooled platform. This upgrade has enhanced the user experience and widened the gap between Red Capital and its competitors in the high-yield savings and Certificate of Deposit (CD) market. Red Capital's revamped platform showcases its superior technology, setting a new standard in the industry. Unlike competitors who often rely on outdated systems, Red Capital's state-of-the-art infrastructure connects users to an impressive network of over 3,000 insured banks. This vast network far exceeds what competitors can offer, giving users access to a wider range of high-yield savings options and CDs. While many FinTech platforms struggle with user-friendly interfaces, Red Capital's new platform shines in its simplicity and intuitive design. Red Capital's platform offers a streamlined experience. Users can easily navigate through various savings options, compare rates, and make informed decisions without the confusion often associated with financial platforms. Red Capital's focus on Certificates of Deposit gives it a significant advantage over generalist platforms. The new platform offers a variety of CD options, with terms and rates that outcompete even dedicated CD platforms. Users can quickly find and secure the best CD rates available in the market. Red Capital's platform is engineered to maximize savings potential. The combination of high-yield savings accounts and top-tier CD rates available through the platform enables users to earn substantially more on their deposits compared to traditional banks or even other FinTech companies. Red Capital 's new platform provides real-time updates on savings rates and CD offerings. This feature, coupled with market insights and trend analysis, gives users a comprehensive view of the savings landscape – a level of transparency and information not commonly found in competing platforms. In an industry where security is paramount, Red Capital's new platform incorporates advanced encryption and security protocols that match or exceed those of larger, established banks. This commitment to security provides a level of trust that newer FinTech startups often struggle to establish. Red Capital's newly retooled platform represents a significant leap forward in the FinTech savings space. By combining superior technology, unmatched ease of use, a vast network of partner banks, and a focus on maximizing returns through high-yield savings and CDs, Red Capital has positioned itself at the forefront of the industry. While competitors may excel in specific areas, none offer the comprehensive, user-friendly, and high-yielding experience that Red Capital now provides. For savers looking to make the most of their money, Red Capital's revamped platform is undoubtedly the top choice in today's market. About Red Capital Partners: Red Capital Partners is a financial technology company that connects clients with over 3,000 federally insured banks to offer high-yield investment opportunities, primarily through certificates of deposit (CDs). The platform ensures security by spreading deposits across multiple banks to maximize FDIC insurance coverage. It offers a streamlined account management system with no fees and aims to simplify financial strategies for clients seeking secure and profitable investment options. Contact Details Red Capital Partners David Monroe david@redcapital.partners Company Website https://www.redcapital.partners/

September 27, 2024 08:48 AM Eastern Daylight Time

Methode Electronics Inc. Has Been Implicated In A Securities Fraud Class Action Lawsuit – Here's How Investors Can Get More Information

Benzinga

By Meg Flippin, Benzinga Methode Electronics Inc. (NYSE: MEI) is under the spotlight amid a class action lawsuit filed in the United States District Court for the Northern District of Illinois against the company and former executives for allegedly engaging in securities fraud. The action, Marie Salem v. Methode Electronics Inc., et al., impacts investors who purchased or acquired shares of Methode Electronics between June 23, 2022, and Mar. 6, 2024. Methode is a Chicago-based designer and manufacturer of custom-engineered parts used in transportation, cloud computing infrastructure, construction, consumer appliances and medical devices. Most of its revenue is derived from its automotive segment, which had reportedly been humming along until 2020. With car manufacturers using fewer designs featuring buttons and knobs, favoring display screens and infotainment, Methode shifted its focus. Methode opted to move away from its low-mix but high-margin parts business into specialized components targeted at electric vehicle manufacturers instead of traditional car companies, which appeared to promise to bring higher margins and more sales – but that transition proved to be rocky, and the company allegedly hid its woes from investors, leading to the class action lawsuit. Transition To Speciality Components Rocky According to the lawsuit, during the transition period, the company made materially false and/or misleading statements and failed to disclose material adverse facts about operations and its prospects. The lawsuit points specifically to the company misleading investors or failing to disclose to them the operational, logistics and personnel problems that plagued the transition. What’s more, the lawsuit contends Methode did not disclose setbacks at its Monterrey facility during the transition caused by turnover, poor operational decisions, issues with vendors and supply-chain snafus that led to production planning delays, inventory shortages and what the lawsuit calls “botched” execution of the company’s plan. On top of that, the company incurred increased costs and delayed launches as it attempted to retool the plant to produce the specialty components. All told, the lawsuit states the “company’s business, operations and prospects were materially false and misleading and/or lacked a reasonable basis at all relevant times.” The lawsuit explains that this all started showing up in March 2023 when the company’s automotive unit missed sales targets for the third quarter and lowered its full-year 2023 diluted earnings per share guidance, sending the stock down 13% over the course of multiple trading sessions. The bloodletting didn’t stop there, with the company announcing a series of earnings misses in the subsequent quarters which weighed on the stock. Finally, in March 2024 when reporting its third-quarter 2024 results, Methode announced its automotive segment suffered an $11 million loss from operations, prompting it to withdraw its prior guidance citing “operational challenges” at its Monterrey facility. The company told investors its prior guidance should no longer be relied upon. To improve operations, the company announced it was cutting its headcount and discretionary expenses and is unloading non-core assets. On a conference call at the time to discuss results, the company’s new chief executive officer, Avinash Avula, said Methode’s sales for the third quarter were down $21 million year-over-year “entirely [attributable to] our Auto segment.” That drove the stock down about 31%. Here’s How Methode Investors With Losses Can Find Out More Information About Their Rights Kessler Topaz Meltzer & Check, LLP has earned a reputation for prosecuting class actions in state and federal courts throughout the United States and globally. It reports that it has successfully recovered billions of dollars for victims of fraud and other corporate misconduct. The firm is encouraging Methode investors who have suffered significant losses to directly contact it for more information. To potentially qualify as a lead plaintiff in the Methode class action lawsuit, investors must take action no later than October 25, 2024. They can move the court to serve as lead plaintiff either through Kessler Topaz Meltzer & Check, LLP, or other legal counsel. Alternatively, investors can choose to do nothing and remain as absent class members. A lead plaintiff is a representative party who acts on behalf of all class members in the litigation. This individual or small group of investors typically has the largest financial interest and is considered adequate and typical of the proposed class of investors. The lead plaintiff also selects legal counsel to represent both the lead plaintiff and the class. If the court approves these attorneys, they become lead or class counsel. Applying to become a lead plaintiff does not affect an investor's ability to share in any recovery from the lawsuit. CLICK HERE to submit your Methode losses or contact an attorney to discuss your rights: Jonathan Naji, Esq. (484) 270-1453 or email at info@ktmc.com. Link also available here: https://www.ktmc.com/new-cases/methode-electronics-inc?utm_source=benzinga&utm_medium=article&utm_campaign=mei&mktm=bzb Featured photo by Timothy Dykes on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. May be considered attorney advertising in certain jurisdictions. Past results do not guarantee future outcomes. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 27, 2024 08:45 AM Eastern Daylight Time

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ACTIVATE RECOGNIZED AMONG CANADA'S TOP GROWING COMPANIES BY THE GLOBE AND MAIL

Activate

Activate, the pioneering force behind the world's first active gaming experience, is proud to announce its inclusion in The Globe and Mail's prestigious list of Canada's Top Growing Companies for 2024. This recognition highlights Activate's impressive growth trajectory, unwavering commitment to innovation, and promise to deliver an unparalleled guest experience. The 2024 Canada's Top Growing Companies list, curated by The Globe and Mail's Report on Business, ranks Canadian businesses based on their three-year revenue growth. During this period, Activate achieved a remarkable growth rate of 1105%, reflecting its successful expansion to more than 50 locations open or under lease across North America, as well as international locations in Europe and the Middle East. "Being recognized as one of Canada’s top growing companies is an incredible milestone for Activate," said Adam Schmidt, co-founder and CEO of Activate. "This achievement reflects the dedication of our entire team, the enthusiasm of our players, and our commitment to innovation. As we continue to expand, our goal remains to push the boundaries of entertainment and bring our unique active gaming experience to new audiences worldwide.” Activate is revolutionizing the way people experience gaming by combining physical activity with immersive, tech-driven challenges that are captivating audiences around the globe. Every Activate location delivers a dynamic gaming environment where players work together or engage in interactive competitions that seamlessly blend movement with cutting-edge technology in multiple gaming rooms. Activate has strategic expansion plans, targeting the launch of 40 new locations by the end of 2025, followed by an additional 70 stores across 10 countries within the next five to ten years. As it continues to expand and nurture a global community of 2.7 million players, Activate remains at the forefront of modern entertainment, pushing the boundaries of traditional gaming and setting new standards for the industry. For more information about Activate, including upcoming locations and partnership opportunities, visit playactivate.com. Activate is the world’s first active gaming experience where players #EnterTheGame. Activate offers a unique blend of physical activity and gaming that promotes a healthy lifestyle. Each Activate location provides fun and interactive rooms for players to compete, earn stars and track achievements. With the global headquarters located in Winnipeg, Canada, Activate has grown to 30 locations across Canada, the U.S. and now the world! To join the active gaming movement, visit playactivate.com. Follow Activate on social media: Facebook: Activate Instagram: @activategames TikTok: @activategames EDS: Click here for high-res assets Contact Details Jalila Singerff +1 613-614-6777 jalila@jiveprdigital.com Company Website https://playactivate.com

September 27, 2024 08:30 AM Eastern Daylight Time

WiSA's Datavault Technology Launches Academic Credential Verification Platform For Universities, Aims To Licence 20-30 To Institutions By 2025

Benzinga

By Kyle Anthony, Benzinga The number of students graduating with either a bachelor’s, master’s or Ph.D. degree continues to increase, with over 2 million students graduating with a bachelor’s degree in 2022 and over 1 million students graduating with either a master’s degree or Ph.D. With more individuals attaining post-secondary education, the importance and need for ‘accreditation validation’ is growing. WISA’s (NASDAQ: WISA) Datavault technology offers a turnkey solution that universities and other stakeholders can utilize to verify academic credentials. Data Vault Holdings, which is under a definitive asset purchase agreement to sell its Datavault® and ADIO® IP and IT assets to WiSA, recently launched VerifyU, a platform developed in collaboration with Arizona State University (ASU) and its Luminosity Lab. VerifyU utilizes blockchain and artificial intelligence to provide secure, real-time academic credential verification. The platform's value proposition is its ability to efficiently verify and confirm the qualifications of individuals to stakeholder entities – such as educational institutions and prospective employers – or professional peer groups, such as research fellows. ASU’s Luminosity Lab, a think tank incubator dedicated to advancing technology and innovation, is VerifyU's inaugural partner. WiSA believes the platform’s focus on secure, efficient credential verification for students and external stakeholders resonates strongly with ASU as an academic institution. Executive Director of the ASU Knowledge Enterprise Mark Naufel stated: "VerifyU sets a new standard for secure, seamless credential verification that meets the essential needs of both educational institutions and employers. Our collaboration with Datavault has created a platform that combines academic institutions with practical, scalable solutions. VerifyU is helping to bring a much welcome change in the way academic credentials are verified by ensuring data integrity, reducing time and lowering costs for all parties involved." The global education verification service market is currently experiencing growth. In 2023, it was valued at $110 billion. By 2030, it is projected to reach $177 billion. This represents a compound annual growth rate (CAGR) of 10% over 2024-2030. Current verification processes are often inefficient and vulnerable to fraud – research suggests that as many as 70% of job applicants provide false information on their resumes. VerifyU seeks to address this issue by offering real-time, secure verification of educational credentials, ultimately reducing both the time and cost associated with traditional verification methods and enhancing the process for employers, graduate schools and other interested parties. In monetizing the platform, Datavault aims to license VerifyU to 20 to 30 educational institutions by 2025, with the aim of revolutionizing the verification of academic qualifications. The initial contract with ASU is just the beginning of a broader rollout and will demonstrate how the platform can generate administrative cost savings and revenue. Additionally, VerifyU plans to charge students a one-time fee for lifetime access to the platform. WiSA’s Datavault promises to transform the landscape of academic credential verification in universities through the launch of VerifyU. By leveraging innovative blockchain and AI technologies, the initiative aims to provide a more reliable and efficient verification process, paving the way for partnerships with multiple educational institutions in the coming years. With the potential to save time and money, VerifyU could be set to become an essential tool for the growing number of graduates seeking employment and higher education opportunities. Featured photo by Nathan Dumlao on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 27, 2024 08:30 AM Eastern Daylight Time

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