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U.S. Anticipates Largest Adoption of Concealed Weapon Detection Systems in North America

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PALM BEACH, Fla., Aug. 15, 2023 /PRNewswire/ — FinancialNewsMedia.com News Commentary – Concealed weapon detection systems are implemented in various places in order to identify if any individual is carrying any weapon with themselves. The implementation becomes important when any region has seen a boost in crimes, infrastructure or population. Concealed weapon detection system demand accounted for 8% share of the global security screening market in 2022. Security screening and concealed weapon detection solutions allow the detection of hidden threats and contraband without any physical interaction between security personnel and the public. Rising terrorism threats necessitate the tightening of security at public places. As such, there has been a rise in demand for concealed weapon detection systems. A report from Future market Insights projected that the global concealed weapon detection systems market size is expected to grow from US$ 706.7 Mn in 2023 to US$ 2,281.2 Mn by 2033. Demand for concealed weapon detection systems is anticipated to rise at a CAGR of 12.4% from 2023 to 2033. The report said: “Effective security screening & weapon detection at high footfall places such as courthouses, airports, museums, and prisons demand the use of high-efficiency sensing technologies. This demand for efficient security screening and weapon detection is driving companies to develop and integrate high-speed sensors into their security screening solutions. Technology developers are offering concealed weapon detection solutions integrated with three-dimensional holographic millimeter-wave imaging capabilities. Integration of technologies such as deep learning, high-definition videography, and sensing equipment will boost demand for concealed weapon detection devices over the forecast period.” Active Companies active today in markets include: VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY), NVIDIA CORPORATION (NASDAQ: NVDA), Intel Corporation (NASDAQ: INTC), Apple® Inc. (NASDAQ: AAPL), Micron Technology, Inc. (NASDAQ: MU).

Future market Insights continued: “Public concerns, such as school shootings, rioting and local rebellions, are likely to motivate end-users operating in public infrastructures like banks, shopping malls and educational institutes, to procure concealed weapon detection technologies. This will enable market players to enhance revenue generation, which will consequently boost the growth of the global concealed weapon detection market during the forecast period. The USA market anticipates the largest adoption of concealed weapon detection systems in North America and is estimated to rise at a CAGR of 10.1% during the forecast period (2033).”

VSBLTY Groupe Technologies Corp. (OTCQB: VSBGF) (CSE: VSBY) BREAKING NEWS:  VSBLTY’S AI-DRIVEN WEAPONS DETECTION SOFTWARE IS FASTER & MORE RELIABLE WITH INTEL’S GPU FLEX 170 – VSBLTY Groupe Technologies Corp. (Frankfurt: 5VS) (“VSBLTY”), a leading software provider of AI-driven security and retail analytics technology, today announced that it has changed its Vector™ Weapons Recognition product from CPU-only to Intel® CPU + Intel GPU compute power of the Intel Data Center GPU Flex 170. The result is a significant improvement in weapons detection by significantly reducing false positives.

VSBLTY’s AI-driven software Vector provides early threat detection using enhanced facial recognition, and the ability to identify weapons, utilizing surveillance cameras to observe a wide area around protected sites.

A GPU (graphics processing unit) is a specialized processor that is particularly well suited for parallel computation, such as 3D graphics and AI algorithms. VSBLTY Vector is using the Intel Data Center GPU Flex 170 to run large complex AI-based computer vision weapons recognition algorithms providing high detection accuracy while simultaneously reducing false positives.

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The Vector system can monitor in real time hundreds, even thousands, of cameras simultaneously over a wide area and can detect firearms at a distance. When the system detects a threat via facial recognition, or weapon recognition, it immediately contacts a 24/7 manned security operations center (SOC) where a trained officer does an instant threat assessment and then takes the appropriate actions. If a threat is confirmed, simultaneously both law enforcement and the security personnel at the protected site (e.g., school, hospital, shopping mall, house of worship, etc.) are immediately alerted so threat mitigation procedures can be implemented.

In making the announcement, VSBLTY Co-founder & CEO Jay Hutton said, “The Intel Data Center GPU Flex 170 compute power enables our technology to be proactive and do its job quicker and with more accuracy. This improved accuracy will enable faster threat confirmations to call centers and permit first responders to act on threats in just seconds. I am very proud of our development team that continues to drive our technology to better serve our clients and ultimately to save lives.”

The enhanced technology enables improved VSBLTY weapons recognition for multiple camera streams per GPU and multiple GPUs per system to provide safety and security for much larger areas.

VSBLTY’s AI-driven technology provides enhanced customer engagement and audience measurement using machine learning and computer vision. In real time, this allows for the immediate interpretation and optimization of actions based on “what and who the camera sees.” CONTINUED… Read the full Press Release for VSBLTY Groupe Technologies at:  https://www.financialnewsmedia.com/news-vsby/  

In other active tech companies in the markets this week: 

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NVIDIA CORPORATION (NASDAQ: NVDA) recently announced a major release of its NVIDIA Omniverse™ platform, offering new foundation applications and services for developers and industrial enterprises to optimize and enhance their 3D pipelines with the OpenUSD framework and generative AI.

The update to Omniverse, an OpenUSD-native software platform for connecting, describing and simulating across 3D tools and applications, accelerates the creation of virtual worlds and advanced workflows for industrial digitalization. Cesium, Convai, Move AI, SideFX Houdini and Wonder Dynamics are now connected to Omniverse via OpenUSD.

Key highlights from the platform update include advancements to Omniverse Kit — the engine for developing native OpenUSD applications and extensions — as well as to the NVIDIA Omniverse Audio2Face™ foundation app and spatial-computing capabilities.

Intel Corporation (NASDAQ: INTC) recently announced a strategic collaboration agreement with Ericsson to utilize Intel’s 18A process and manufacturing technology for Ericsson’s future next-generation optimized 5G infrastructure.

As part of the agreement, Intel will manufacture custom 5G SoCs (system-on-chip) for Ericsson to create highly differentiated leadership products for future 5G infrastructure. Additionally, the companies will expand their collaboration to optimize 4th Gen Intel® Xeon® Scalable processors with Intel® vRAN Boost for Ericsson’s Cloud RAN (radio access network) solutions to help communications service providers increase network capacity and energy efficiency while gaining greater flexibility and scalability.

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Apple® Inc. (NASDAQ: AAPL) recently announced financial results for its fiscal 2023 third quarter ended July 1, 2023. The Company posted quarterly revenue of $81.8 billion, down 1 percent year over year, and quarterly earnings per diluted share of $1.26, up 5 percent year over year.

“We are happy to report that we had an all-time revenue record in Services during the June quarter, driven by over 1 billion paid subscriptions, and we saw continued strength in emerging markets thanks to robust sales of iPhone,” said Tim Cook, Apple’s CEO. “From education to the environment, we are continuing to advance our values, while championing innovation that enriches the lives of our customers and leaves the world better than we found it.”

“Our June quarter year-over-year business performance improved from the March quarter, and our installed base of active devices reached an all-time high in every geographic segment,” said Luca Maestri, Apple’s CFO. “During the quarter, we generated very strong operating cash flow of $26 billion, returned over $24 billion to our shareholders, and continued to invest in our long-term growth plans.”

Apple’s board of directors has declared a cash dividend of $0.24 per share of the Company’s common stock. The dividend is payable on August 17, 2023 to shareholders of record as of the close of business on August 14, 2023.

Micron Technology, Inc. (NASDAQ: MU), recently announced sample availability of the Micron CZ120 memory expansion modules to customers and partners. The Micron CZ120 modules come in 128GB and 256GB capacities in the E3.S 2T form factor, which uses PCIe® Gen5 x8 interface. Additionally, the CZ120 modules are capable of running up to 36GB/s memory read/write bandwidth and augment standard server systems when incremental memory capacity and bandwidth is required. The CZ120 modules use Compute Express Link™ (CXL™) standards and fully support the CXL 2.0 Type 3 standard. By leveraging a unique dual-channel memory architecture and Micron’s high-volume production DRAM process, the Micron CZ120 delivers higher module capacity and increased bandwidth. Workloads that benefit from more memory capacity include AI training and inference models, SaaS applications, in-memory databases, high-performance computing and general-purpose compute workloads that run on a hypervisor on premise or in the cloud.

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“Micron is advancing the adoption of CXL memory with this CZ120 sampling milestone to key customers,” commented Siva Makineni, vice president of the Micron Advanced Memory Systems Group. “We have been developing and testing our CZ120 memory expansion modules utilizing both Intel and AMD platforms capable of supporting the CXL standard. Our product innovation coupled with our collaborative efforts with the CXL ecosystem will enable faster acceptance of this new standard, as we work collectively to meet the ever-growing demands of data centers and their memory-intensive workloads.”

DISCLAIMER: FN Media Group LLC (FNM), which owns and operates Financialnewsmedia.com and MarketNewsUpdates.com, is a third- party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with any company mentioned herein. FNM and its affiliated companies are a news dissemination solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security. FNM’s market updates, news alerts and corporate profiles are NOT a solicitation or recommendation to buy, sell or hold securities. The material in this release is intended to be strictly informational and is NEVER to be construed or interpreted as research material. All readers are strongly urged to perform research and due diligence on their own and consult a licensed financial professional before considering any level of investing in stocks. All material included herein is republished content and details which were previously disseminated by the companies mentioned in this release. FNM is not liable for any investment decisions by its readers or subscribers. Investors are cautioned that they may lose all or a portion of their investment when investing in stocks. For current services performed FNM was compensated forty six hundred dollars for news coverage of current press release issued by VSBLTY Groupe Technologies Corp. by a non-affiliated third party. FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Contact Information:

Media Contact email: [email protected] – +1(561)325-8757

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View original content:https://www.prnewswire.co.uk/news-releases/us-anticipates-largest-adoption-of-concealed-weapon-detection-systems-in-north-america-301900211.html

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Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet

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Squad Labs announced that its Series A funding round, led by Electric Capital with participation from RockawayX, Coinbase Ventures, L1D, Placeholder, and Mert Mumtaz, will propel the launch of its Fuse smart wallet. The company aims to establish Fuse as a premier solution for securing and compounding personal digital wealth amid the growing onchain economy.

According to the company’s news release on June 12, smart accounts and smart wallets are gaining traction across blockchains as they offer a more intuitive, secure, and programmable user experience. Fuse abstracts seed phrases and provides features like wallet recovery, 2FA capabilities, and enterprise-level security for personal custody, simplifying the choice of storing digital wealth on-chain.

In addition to securing funding, Squad Labs also announced the public testing launch of Fuse on iOS. This move is part of their strategy to expand accessibility and refine functionality ahead of a full market release.

Meanwhile, a recent report from PYMNTS Intelligence explores blockchain’s role in enhancing cross-border payments. It suggests that integrating blockchain can streamline payment processing, enable digital-to-fiat currency conversion, and introduce stablecoins for faster and cost-effective cross-border transactions. Business-friendly decentralized finance (DeFi) solutions further automate and secure transactions via smart contracts, reducing dependence on traditional payment systems and enhancing security and transparency.

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The report underscores the significance of educating businesses and end-users about the benefits of blockchain-based cross-border payments. It advocates for partnerships with FinTechs and proactive engagement with financial institutions to drive adoption and improve industry-wide support for blockchain technologies in payments.

Overall, Squad Labs’ funding round and Fuse’s development represent strategic advancements in blockchain technology aimed at enhancing digital wealth management and transforming cross-border payment landscapes.

Source: pymnts.com

The post Blockchain Firm Squad Labs Raises $10 Million for Smart Wallet appeared first on HIPTHER Alerts.

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TON Blockchain Surpasses Ethereum in Daily Active Users

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Ethereum’s comparative underperformance relative to TON can be attributed to several factors, notably the migration of a significant portion of its user activity to layer 2 scaling solutions. These solutions were not factored into the comparison with TON.

During a week marked by global crypto market fluctuations and cautious investor sentiment, The Open Network (TON), backed by Telegram, has seen substantial growth in user activity, surpassing Ethereum in daily active users.

Since the beginning of the month, TON and Ethereum have been closely vying for user engagement. However, leveraging Telegram’s extensive user base of 900 million, TON has consistently outpaced Ethereum for ten consecutive days starting June 1.

On June 3, TON achieved a significant milestone with 568,300 daily active addresses (DAAs), according to Artemis data. In contrast, Ethereum has not reached this level of activity since September 13, 2023.

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Delving Deeper
Ethereum’s apparent lower activity compared to TON can be attributed to various factors, including the adoption of layer 2 scaling solutions designed to enhance transaction throughput and reduce fees by processing transactions off the main Ethereum blockchain.

Consequently, the majority of Ethereum’s transactional activities have shifted to these layer 2 networks.

For instance, on June 11, the top three Ethereum layer 2 networks—Arbitrum, Base, and Optimism—collectively registered 1.3 million daily active addresses. This highlights that while Ethereum’s primary network may appear less active, substantial transactional volume is occurring on these secondary layers.

New Milestones and Market Performance
Despite the challenges of comparing directly with Ethereum, TON has demonstrated significant growth. Amidst the recent global market volatility, the network’s native token, Toncoin (TON), reached a milestone of $7.76 earlier this month, marking its highest valuation since launch.

Although Toncoin has since experienced a decline of over 12%, industry analysts remain optimistic about its future trajectory.

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A pseudonymous analyst, “Crypto King,” has forecasted a potential rise to $10 for TON in the near term, citing its robust user base, rapid infrastructure development, and Telegram’s support.

Another expert, Alex Clay, shares this positive outlook, suggesting short-term price targets of $10.5 to $11.6 for TON despite broader market downturns.

Furthermore, data from Token Terminal indicates promising long-term indicators for TON, showing a 3.6% rise in fully diluted market capitalization, a 76.3% increase in token holders, and a 26.0% growth in revenue and fees over the past 30 days.

Despite a slight decrease in trading volume by 11.6%, these metrics underline a strong underlying growth trend for TON.

Source: coinspeaker.com

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The post TON Blockchain Surpasses Ethereum in Daily Active Users appeared first on HIPTHER Alerts.

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Brickken is selected to participate in the European Blockchain Regulatory Sandbox

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Brickken, a startup based in Barcelona at the forefront of real-world asset tokenization, has been chosen to participate in the European Blockchain and Distributed Ledger Technologies (DLT) Regulatory Sandbox. This initiative aims to establish legal clarity for decentralized technologies like blockchain by identifying legal and regulatory hurdles to deployment. It will provide confidential guidance, legal counsel, and regulatory expertise.

Facilitated by the European Commission, this program will enable regulators to deepen their understanding of cutting-edge blockchain technologies and foster dialogue between public institutions and private entities such as Brickken.

By joining the European Regulatory Sandbox, Brickken gains the opportunity to refine and enhance its solutions within a secure environment. This will bolster its credibility with institutional clients, market operators, and bond issuers, facilitating its expansion into new markets. Brickken seeks to become a strategic partner for various participants in capital markets, enhancing operational efficiency and promoting technological synergy in digital asset management.

Edwin Mata, CEO and co-founder of Brickken, expressed excitement about this selection, emphasizing:

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“This opportunity validates our innovative approach to asset tokenization and allows us to collaborate closely with regulators and industry leaders to strengthen the blockchain ecosystem. The knowledge and experience gained in this regulatory sandbox will be invaluable for our future growth and success.”

Brickken’s inclusion in this sandbox marks a significant milestone in its mission to revolutionize the tokenization industry. Recently selected for PricewaterhouseCoopers’ Scale program for tokenization and digital assets, Brickken continues to advance blockchain adoption among institutional clients, banks, and capital markets. Additionally, the company has forged partnerships with industry leaders like Psalion and Chainlink, known for their real-world asset tokenization technology.

In collaboration with Coinbase, Brickken aims to set new standards in infrastructure and market structure for real-world asset tokenization. Leveraging Coinbase’s technology such as Wallet and Base, Brickken brings its expertise in tokenization and technology to build robust solutions.

Established in Barcelona in 2020 by Edwin Mata, Yassir Haouati, Bram Duindam, and Dario Lo Buglio, Brickken has experienced rapid growth, operating in over 14 countries and tokenizing assets exceeding 200 million euros. With a client base of over 50, the company has achieved over 100% growth compared to the previous year and is expanding into new verticals.

Brickken’s digital asset platform specializes in tokenizing financial instruments such as equity and debt, catering to entities of all sizes, asset types, and jurisdictions. Offering robust technological support, Brickken enables market entry without the need for proprietary technology development. This positions Brickken to serve diverse sectors including real estate, startups, institutions, venture capital funds, and family offices, facilitating efficient digitization and management of assets.

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Source: cointelegraph.com

The post Brickken is selected to participate in the European Blockchain Regulatory Sandbox appeared first on HIPTHER Alerts.

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