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Enjoy Mondays to Release Job Aid Chatbot

OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Enjoy Mondays, a recruitment platform that launched in October of 2023, is pleased to announce the pending launch of its new chatbot. This AI tool has been trained to answer questions from job seekers and provide instant career and job-seeking advice. The idea is to automate standard questions that typical job seekers have on a regular basis, freeing up Enjoy Mondays’ human staff members for more complex questions and issues.

Enjoy Mondays launched in October of 2023

The leadership team at Enjoy Mondays decided to develop this unique new chatbot because the platform was originally built based upon advanced machine learning and artificial intelligence technology, to offer data-driven vetting and automation for job matching to eliminate inefficiencies in traditional job hunting.

Integrating the new chatbot presents a strategic move for Enjoy Mondays, and the team feels it has the potential to enhance the company’s growth potential while promoting a client-centric mindset. Because the bot can automate responses to common inquiries, it can handle a high volume of queries simultaneously, ensuring instant, round-the-clock support.

This efficiency can improve the user experience and allow the company to allocate human resources more effectively, so that the human staff can focus on complex, high-value interactions.

The chatbot, through machine learning, will continually refine its responses based on user interactions. This can lead to more personalized and accurate advice over time to bolster user engagement and satisfaction. As it does so, it can gather valuable data on job seeker preferences and behaviors, driving informed decision-making and innovation in the platform’s services.

Founder Travis Lindemoen shares that the new chatbot is part of Enjoy Mondays’ forward-thinking strategy that integrates modern tech into the recruitment industry. "I’ve been in recruiting for over 18 years," says Lindemoen. "I’ve conversed with tens of thousands of job seekers. I’ve helped launch multiple startups, so I’ve been on both sides of recruiting. I’ve seen the gaps in the system and I feel that Enjoy Mondays can fill that gap, especially by integrating new technologies like AI and ML, combined with human intelligence. This new chatbot can make the whole process smoother to attract more users and employers and help them find the perfect fit for each talent and each position."

Lindemoen adds that the next phase of Enjoy Mondays will be a community page where both employers and job seekers can ask questions, receive expert career advice, and share information.

"When job seekers have job search questions or need career advice, it can be hard to book a session with a recruiter," says Lindemoen. "That’s why we created Enjoy Mondays. You can now chat with a talent expert whenever you have questions. Our hope is that you wake up each morning with more confidence, a plan for personal growth, and a talent expert you can get one-on-one advice whenever you need it."

He adds that the SaaS platform has been live for just a few months and they are already gaining traction daily. "Right now we have over 150 employers who are looking for talented individuals, ranging from entry-level roles to team leaders," says Lindemoen. "Job seekers can find opportunities in industries like fintech, fashion, insurance, PE, finance, and several others. We’re seeing over a thousand job seekers sign up every week, so we’re very excited to offer this new chatbot to help streamline the process."

About Enjoy Mondays

Enjoy Mondays is an AI-driven job matching platform designed to simplify the job search process. The platform utilizes advanced machine learning algorithms to match job seekers with ideal employment opportunities. Users create a one-time digital profile encompassing their skills, experiences, and career aspirations, with the goal of eliminating the need for manual job searches, multiple applications, and wasted interviews.

Website: https://enjoymondays.com/

Contact Travis Lindemoen at info@EnjoyMondays.com

SOURCE: Enjoy Mondays

View the original press release on accesswire.com

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Enjoy Mondays Launches as an AI-Driven Recruitment Platform

OVERLAND PARK, KS / ACCESSWIRE / January 30, 2024 / Novel recruitment platform EnjoyMondays.com has announced its official launch as of October 7, 2023. The company’s goal is to make the job hunt process more efficient, utilizing an AI-driven system to streamline recruitment.

Enjoy Mondays has a platform that leverages fact-based vetting along with machine learning and human intelligence to automate job matching. The idea is to eliminate inefficiencies prevalent in traditional job hunting, and allow job seekers to maintain more control over their career trajectory. Once a user creates a one-time digital profile encompassing their skills, experience, career aspirations, and work preferences, the platform’s AI algorithm initializes, with the intention of finding ideal job matches.

The team at Enjoy Mondays designed the software with the modern job seeker in mind. The company’s AI goes beyond matching skills with job requirements, diving deeper into a consideration of company culture, team dynamics, financial goals, and growth opportunities. These integral points were developed in the hopes of helping users not just get a job, but the right job.

The platform offers advanced personalization. Users can customize their profiles to align with their specific job hunting objectives – from preferred job titles, industries, and locations to work setup (remote or in-person), and even desired office environments. This allows the AI to provide a more nuanced matching process, factoring in the individual’s unique preferences and needs.

In addition to providing a personalized job matching service, Enjoy Mondays also helps to streamline the transparency aspect of the recruitment process. The platform offers detailed feedback on job matches, keeping job seekers informed about why a particular job might be an excellent fit for them. Job seekers will also be informed about companies that are interested in their profile.

This focus on transparency is intended to demystify the hiring process and empower job seekers with critical insights and knowledge, which are not always available during traditional hiring. The minds behind Enjoy Mondays believe that this transparency will both enhance the job search experience and also contribute to a more balanced power dynamic in recruitment.

Enjoy Mondays is a two-sided marketplace revolutionizing the job search process for both job seekers and employers. For job seekers, it removes the hassles of traditional hiring, offering transparency, fairness, confidential searches, and increased pay equity. It features a Smart Profiling system where both passive and active job seekers create a one-time digital profile reflecting their work preferences, eliminating the need for manual job searches and wasted conversations with non-matching companies or roles.

For employers, Enjoy Mondays streamlines the recruitment process, promising time savings, reduced candidate ghosting, higher acceptance rates, decreased bias in the interview process, and significant cost savings per hire. The platform pre-vets candidates’ career goals, preferences, and dislikes, allowing its matching technology to deliver accurate results based on technical and culture fit evaluations.

Enjoy Mondays is dedicated to eliminating sourcing for new talent and wasteful candidate conversations, helping both sides find fulfillment and satisfaction in the recruitment process. Its vision is a future where everyone anticipates Monday mornings due to higher job satisfaction levels brought about by smarter talent acquisition solutions.

Founder and CEO Travis Lindemoen shares that the platform is a two-sided marketplace. "We wanted to change the job searching process and provide value to both the job seeker and employer and we think we’ve done that. For job seekers, we’re looking to remove the hassles of traditional hiring, offering transparency, fairness, and increased pay equity," he explains. "We have a Smart Profiling system where both passive and active job seekers create a one-time digital profile reflecting their work preferences. This can eliminate the need for manual job searches and wasted conversations with non-matching companies or roles."

He adds that for employers, Enjoy Mondays streamlines the recruitment process, with the goal of saving time, reducing candidate ghosting, seeing higher acceptance rates, and decreasing bias in the interview process. The platform pre-vets candidates’ career goals, preferences, and dislikes, allowing its matching technology to deliver accurate results based on technical and culture fit evaluations.

Enjoy Mondays’ launch represents a milestone in AI’s utilization in the recruitment industry. The platform prioritizes the job seeker’s unique needs and harnesses machine learning’s power with the hope of transforming the job hunt from a challenging, time-consuming process into an efficient, streamlined, and fulfilling journey.

Lindemoen says that the mission at Enjoy Mondays is to make job hunting a stress-free, empowering experience. "We seek to help job hunters find fulfilling careers where they can thrive," he says.

Enjoy Mondays is dedicated to eliminating sourcing for new talent and wasteful candidate conversations, helping both sides find fulfillment and satisfaction in the recruitment process. Its vision is a future where everyone anticipates Monday mornings due to higher job satisfaction levels brought about by smarter talent acquisition solutions. Enjoy Mondays is free for job seekers, and the company is offering a limited amount of free resume assessments for applicants.

About Enjoy Mondays

Enjoy Mondays is an AI-driven job matching platform designed to simplify the job search process. The platform utilizes advanced machine learning algorithms to match job seekers with ideal employment opportunities. Users create a one-time digital profile encompassing their skills, experiences, and career aspirations, with the goal of eliminating the need for manual job searches, multiple applications, and wasted interviews.

Website: https://enjoymondays.com/

Contact Travis Lindemoen at info@EnjoyMondays.com

SOURCE: Enjoy Mondays

View the original press release on accesswire.com

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JM Capital II Corp. Announces Proposed Qualifying Transaction With Wheeler Resources

TORONTO, ON / ACCESSWIRE / January 30, 2024 / JM Capital II Corp. (TSX VENTURE NEX:JCI.H) ("JMCC" or the "Company") is pleased to announce that it has entered into a non-binding letter of intent dated January 29, 2024 (the "LOI") with Wheeler Resources Inc. ("Wheeler"). The LOI outlines the principal terms and conditions of a business combination by way of a share exchange, merger, amalgamation, arrangement, takeover bid, or other similar form of transaction (the "Proposed Transaction"), which will result in Wheeler becoming a wholly-owned subsidiary of JMCC, or otherwise combining its corporate existence with a wholly-owned subsidiary of JMCC.

JMCC is a Capital Pool Company and intends for the Proposed Transaction to constitute its Qualifying Transaction pursuant to the policies of the TSX Venture Exchange (the "TSXV"). The trading in the common shares of JMCC ("JMCC Shares") will remain halted pursuant to the policies of the TSXV. It is anticipated that Trading will remain halted until the completion of the Proposed Transaction. It is anticipated that the reporting issuer resulting from the Proposed Transaction (the "Resulting Issuer") will qualify as a Tier 2 Mining Issuer pursuant to the requirements of the TSXV. Unless otherwise indicated, any capitalized term contained in this news release that is not defined herein has the meaning ascribed to such term in the policies of the TSXV.

About Wheeler Resources Inc.
Wheeler is a privately-held company incorporated pursuant to the laws of British Columbia. Wheeler currently has a total of 36,000,000 common shares issued and outstanding (the "Wheeler Shares").

Wheeler holds a 100% interest in 184 mineral claims covering 4,600 hectares located in southwestern Newfoundland and Labrador (the "Wheeler Property"). The Wheeler Property is approximately 30km north-northeast of the town of Stephenville, near the southern extent of the Bay of Islands Ophiolite Complex. It covers layered ultramafic and mafic intrusions which are prospective for magmatic Ni-Cu-PGE mineralization, as well as chromite mineralization occurring as discrete layers within the ultramafic complex.

Lenses of magmatic sulphide Ni-Cu-PGE mineralization were first discovered on the Wheeler Property in the 1930’s by J.R. Cooper[1]. A Geological Survey of Canada mapping program conducted in 1962 located additional layered magmatic sulphide occurrences, as well as multiple chromite-rich lenses located near the southern part of the Wheeler Property boundary[2].

In 2010, an exploration alliance, which was formed between Cliffs Natural Resource Exploration Inc. ("Cliffs") and Altius Resources Inc. ("Altius"), carried out extensive stream-sediment sampling on a multitude of ultramafic ophiolite complexes throughout the island of Newfoundland, specifically in search of a rare Ni-Fe alloy called awaruite which can form during the serpentinization of nickel-rich olivine in ultramafic rocks. Altius collected 367 stream-sediment samples by helicopter within the current Wheeler Property boundary. Strongly anomalous nickel, copper, cobalt and chromium values were returned in the northeastern portion of the Wheeler Property, but high sulphur values deterred them from conducting further exploration[3]*. The presence of sulphur reduces the likelihood of awaruite forming but demonstrates the excellent potential for the presence of magmatic nickel-sulphide mineralization on the Wheeler Property.

In addition to the Altius-Cliffs sampling, the Wheeler Property also contains the locations of extremely anomalous lake-sediment samples collected as part of the Newfoundland and Labrador’s National Geochemical Reconnaissance ("NGR") Survey (35,768 lake-sediment sample database) including the four highest nickel values in the province with values of 4,980, 4,750, 4,390 and 4,230ppm Ni respectively. Four lake-sediment results on the Property from the NGR are in the 99.97th percentile for copper at 324, 312, 296 and 184 ppm Cu, five are in the 99.98th percentile for cobalt at 347, 301, 392, 556 and 333 ppm Co, and six are in the 99.98th percentile for Cr at 5,770, 5,140, 4,560, 4,000, 3,610 and 3,560 ppm Cr[4]*. Additional details and QA/QC procedures for the National Geochemical Reconnaissance (NGR) Survey can be found at the following link:

https://geoatlas.gov.nl.ca/custom/help/lakegeochemhelp.html

The Wheeler Property covers the southern extent of the Bay of Islands Ophiolite Complex, which was obducted onto the Laurentian rifted margin during the mid-Ordovician and is composed of mafic and ultramafic assemblages dominated by gabbros, pyroxenites, and peridotites. The target on the Wheeler Property is magmatic Ni-Cu-PGE (+Co-Cr) mineralization hosted within a layered mafic intrusion, similar to Norilsk in Russia, Lynn Lake and Namew Lake in Manitoba, Nkomati in South Africa, and Voisey’s Bay in the province of Newfoundland and Labrador. Historically documented occurrences on the Wheeler Property consist of both net-textured pentlandite (nickel-sulphide), and PGE-rich chalcopyrite (copper-sulphide) mineralization, indicating the minerals formed within a magma chamber[5].

Proposed Transaction Summary
Upon completion of the Proposed Transaction, the Resulting Issuer will carry on the business of Wheeler. Pursuant to the Proposed Transaction, holders of the Wheeler Shares will exchange their Wheeler Shares for common shares of the Resulting Issuer ("Resulting Issuer Shares") on a one-for-one basis (the "Exchange Ratio"). Convertible securities of Wheeler will be exercisable to acquire Resulting Issuer Shares at the Exchange Ratio. The final structure of the Proposed Transaction is subject to the receipt of tax, corporate and securities law advice for both JMCC and Wheeler.

As per the LOI, a condition of closing the Proposed Transaction, Wheeler, will complete an equity financing (the "Financing") in an amount that is sufficient to meet the initial listing requirements of the TSXV. The Financing will be comprised of units of Wheeler (the "Wheeler Units"), with each Wheeler Unit comprised of one Wheeler Share at a price of $0.05 per share and one-half of one warrant (a "Wheeler Warrant"), with each full Wheeler Warrant exercisable into a Wheeler Share for 18 months at an exercise price of $0.10 per share, provided that at the option of the Resulting Issuer, after the 4 month hold period, if the closing price of the Resulting Issuer Shares for any 10 consecutive trading days is equal to or exceeds $0.20 per Wheeler Share, the Resulting Issuer can accelerate the expiration date of the warrants to 30 days after the notice is provided to the holders.

On closing of the Proposed Transaction, the board of the Resulting Issuer will be comprised of nominees of Wheeler, and the Resulting Issuer is expected to change its name to "Wheeler Resources Inc." subject to JMCC shareholder approval, or such other name as is determined by Wheeler (the "Name Change").

Closing of the Proposed Transaction will be subject to a number of conditions precedent, including, without limitation:

a. receipt of all required regulatory, corporate and third-party approvals, including TSXV approval, and compliance with all applicable regulatory requirements and conditions necessary to complete the Proposed Transaction;

b. completion of satisfactory results from due diligence investigations for each of the parties;

c. completion of the Financing; and

d. other mutual conditions precedent customary for a transaction such as the Proposed Transaction.

The Proposed Transaction is not a Non-Arm’s Length Qualifying Transaction, is not subject to TSXV Policy 5.9, and it is not expected that the Proposed Transaction will be subject to approval by JMCC’s shareholders. There are no Non-Arm’s Length Parties of JMCC that are Insiders, officers or shareholders of Wheeler.

Sponsorship for the Proposed Transaction
Sponsorship for the Qualifying Transaction of a Capital Pool Company is required by the TSXV, unless exempt in accordance with TSXV policies. The Company expects to apply for an exemption for sponsorship.

Filing Statement
In connection with the Proposed Transaction and pursuant to the requirements of the TSXV, JMCC intends to file on SEDAR (www.sedarplus.ca) a filing statement which will contain details regarding the Proposed Transaction, JMCC, Wheeler and the Resulting Issuer.

Further Information
JMCC intends to issue a subsequent news release in accordance with the policies of the TSXV providing further details in respect of the Proposed Transaction, including information relating to the transaction structure, the definitive agreement, descriptions of the proposed Principals and Insiders of the Resulting Issuer, as well as the Financing. In addition, a summary of Wheeler’s financial information will be included in a subsequent news release.

For further information, please contact:

JM Capital II Corp.
Jay Freeman, CEO
Mobile: 416-457-1611
Email: jay@jjrcapital.com

Wheeler Resources Inc.
Daniel Boase, CEO
Mobile: 416-566-2673
Email: dboase@wheelerresources.ca

This news release does not constitute an offer to sell or the solicitation of an offer to buy any securities in any jurisdiction. The securities of the Company and Wheeler have not been and will not be registered under the United States Securities Act of 1933, as amended (the "U.S. Securities Act") or any state securities laws and may not be offered or sold within the United States or to U.S. Persons (as defined in the U.S. Securities Act) unless registered under the U.S. Securities Act and applicable state securities laws unless pursuant to an exemption from such registration.

Cautionary Note
Completion of the transaction is subject to a number of conditions, including but not limited to, TSXV acceptance and if applicable pursuant to TSXV Requirements, majority of the minority shareholder approval. Where applicable, the transaction cannot close until the required shareholder approval is obtained. There can be no assurance that the transaction will be completed as proposed or at all.

Investors are cautioned that, except as disclosed in the management information circular or filing statement to be prepared in connection with the transaction, any information released or received with respect to the transaction may not be accurate or complete and should not be relied upon. Trading in the securities of a capital pool company should be considered highly speculative.

The TSXV has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release.

Dawn Evans-Lamswood, PGeo, a qualified person as defined by National Instrument 43-101 – Standards of Disclosure for Mineral Projects, has reviewed and approved the scientific and technical disclosure in this press release.

Cautionary Statement Regarding Forward-Looking Information
This news release contains certain forward-looking statements, including statements relating to the Proposed Transaction and certain terms and conditions thereof, the ability of the parties to enter into a definitive agreement and complete the Proposed Transaction, the Exchange Ratio, the Name Change, the Resulting Issuer’s ability to qualify as a Tier 2 Mining issuer, the TSXV sponsorship requirements, shareholder, director and regulatory approvals, obtaining TSXV approval, completion of the Financing, the duration of the halt in respect of the JMCC Shares, planned future press releases and disclosure, and other statements that are not historical facts. Wherever possible, words such as "may", "will", "should", "could", "expect", "plan", "intend", "anticipate", "believe", "estimate", "predict" or "potential" or the negative or other variations of these words, or similar words or phrases, have been used to identify these forward-looking statements. These statements reflect management’s current beliefs and are based on information currently available to management as at the date hereof.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These risks and uncertainties include, but are not limited to geological risks, the financial markets generally, the results of the due diligence investigations to be conducted in connection with the Proposed Transaction, the ability of the Company to complete the Proposed Transaction or obtain requisite TSXV acceptance and, if applicable, shareholder approvals. As a result, the Company cannot guarantee that the Proposed Transaction will be completed on the terms described herein or at all. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this press release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. These forward-looking statements are made as of the date of this press release, and the Company assumes no obligation to update or revise them to reflect new events or circumstances, except as required by law.

________________________________________________________________________________________________________

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE)

ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

NOT FOR DISSEMINATION IN THE UNITED STATES OR FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES.

[1] Cooper, J.R. 1936. Geology of the southern half of the Bay of Islands Igneous Complex. PhD thesis, Princeton University. Newfoundland Department of Natural Resources Bulletin no. 04, 66 pages.

[2] Barnes, F.Q., Riley, G.C., and Smith, C.H. 1962. Geology Stephenville, Newfoundland. Geological Survey of Canada, "A" Series Map, No. 01117A.

[3] Devereaux, A., Patey, B., O’Reilly, D., Winter, L., Churchill, R., and Wilton., D. 2012. First Year Assessment Report Documenting Prospecting, Rock Sampling, Till Sampling, Stream Sediment Sampling, Petrography, SEM-MLA Analysis & Geophysical Consultation for Map-Staked Licenses… Nickel-Iron Alloy Properties, Central & Western Newfoundland.

[4] The reader is cautioned that the results highlighted are selective in nature and not necessarily representative of mineralization on the Property.

[5] Butler, Jr., R. 1996. First Year Geological, Geochemical, and Diamond Drilling Report. Rope Cove Canyon Property, Lewis Hills, Bay of Islands District, Western Newfoundland.

*Historical information contained in this news release and included figures regarding the Wheeler Project are reported for historical reference only and have not been confirmed by the Qualified Person (QP)..

SOURCE: JM Capital II Corp.

View the original press release on accesswire.com

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IWBI Launches WELL for Residential Program With 25 Pilot Participants and Nearly 30,000 Enrolled Homes

The new WELL designation will pioneer a health leadership benchmark for new and existing homes focused on spurring global market transformation; early adopters hailing from 10 countries signal strong market demand.

NEW YORK, NY / ACCESSWIRE / January 30, 2024 / In an effort to recognize and award industry best practices to create healthier and more resilient homes, the International WELL Building Institute (IWBI), the global authority for driving market transformation through healthy buildings, organizations and communities, today announced its new WELL for residential program, launching with 25 global pilot participants that have enrolled nearly 30,000 homes and residences. The evidence-based, third-party verified certification program is poised to transform the way homes are designed, built and maintained to support human health and well-being.

The WELL for residential program, informed by the evidence-based principles of the WELL Building Standard (WELL) and its 10 WELL concepts, offers more than 100 strategies to create homes that prioritize resident health, comfort and well-being. Designed to empower builders and developers, operators, architects and designers and homeowners, the new health leadership framework is applicable to both single family homes and residences within multifamily buildings.

"We are excited to work side by side with our pilot participants, as well as hundreds of stakeholders along the residential sector value chain, to introduce this transformational roadmap that will help market leaders adopt health-first strategies into how we design, operate and maintain our homes," said Rachel Hodgdon, President and CEO, IWBI.

Healthier and more resilient homes are increasingly vital today as people look to enhance their homes for advancing their health and well-being, while also fortifying against future health threats or challenges. The WELL for residential program seeks to provide a solution to help transform the global residential market and ensure that everyone, no matter their backgrounds, has access to a home that enhances their health and enables them to make healthier decisions.

The development of the program drew upon two years of industry input, market insight and expert recommendations from IWBI’s WELL for residential Advisory, a working group of over 100 globally renowned subject matter experts, including leading builders and developers, architects and engineers, public health and building scientists, government officials and academics, as well as other real estate professionals.

Projects can earn the WELL Residence seal for residences upon completion of third-party review and verification of selected strategies. To attain a WELL Residence certification, a home must achieve at least 40 points. Projects also have an opportunity to earn a pre-certified WELL Residence status upon preliminary design review, an incremental milestone that allows participants to communicate achievement before construction is completed.

Leading organizations excited to contribute toward the groundbreaking program are embracing WELL for residential in their developments. Twenty-five pilot participants have committed to implementing WELL for residential across nearly 30,000 residences in both single family homes and multifamily communities. The projects have a diverse global footprint across 10 countries, including, the United States, Canada, China, Japan, Australia, Saudi Arabia, the United Kingdom, Spain, Montenegro and the Netherlands.

Hodgdon applauded the pilot participants for their leadership and commitment to creating healthier living environments for residents.

To date, participants of the WELL for residential program include but not limited to:

Embracing WELL for residential as a way to pioneer health innovation, some of the programs earliest adopters included Corvias with nearly 22,000 single-family homes and apartments across seven military installations in six states through its partnerships with the United States Army and the Department of Defense as part of the military housing privatization initiative; Jubilee, a Texas-based community of nearly 5,000 single family homes by Johnson Development; Velvaere of Park City, Utah, a wellness-focused sky resort by Magleby Development; Caplow Manzano’s CM1 in Miami, a single family house elevated for climate preparedness; Albion Court of London, a historic brewery conversion by City Sanctuary Development; 123 Portland in Toronto by Canada’s leading developer Minto Communities; New York modular tech company Assembly OSM’s Saint Felix in Brooklyn and 117th Street in Harlem; Baopu Care in Taipei; Christopher Homes’ Seneca at Southern Highlands in Henderson, NV; Green Neighborhood Villa in Foshan, China; and renovated Continuum 115 Apartments by ARCHETYPE Investments in Charlotte, NC.

During the pilot stage, IWBI will work with global users and collect stakeholder feedback to refine the new standard, ensuring it is a robust, globally applicable roadmap for healthier, more resilient homes.

The WELL for residential program adds to the WELL ecosystem and provides a new pathway for creating people-first residences. The program builds upon the work IWBI has already done within the multifamily sector through its WELL Certification and WELL ratings programs. Leading organizations in the multifamily homes that have achieved WELL Certification have helped inform and inspire the development of the new WELL for residential program.

The WELL ecosystem comprises WELL Certification under the WELL Building Standard, a library of building and organizational strategies focused on health, the WELL Health-Safety Rating, WELL Performance Rating, WELL Equity Rating and certification under the WELL Community Standard. WELL’s holistic, evidence-based approach has provided a roadmap for organizations to promote social sustainability performance and enhance their ESG strategy. As a result, thousands of organizations including nearly 30% of Fortune 500 companies across nearly 130 countries have adopted WELL strategies in more than 40,000 locations totaling almost five billion square feet of space.

What early adopters are saying about the WELL for residential program:

"We are proud to be an early adopter of the innovative WELL for residential program for our first two projects because it reaffirms our commitment to building high quality, sustainable and healthy housing at scale."

  • Andrew Staniforth, CEO, Assembly OSM

"By integrating evidence-based WELL for residential standard into our already health and wellness focused strategies at Continuum 115 Apartments, we give residents an elevated sense of confidence that their inspiring and WELLIFIZE-technology-enabled homes are made even more healthy and resilient for them to enjoy."

  • Jaykant Patel, Founder and Managing Principal, ARCHETYPE

"Baopu is thrilled to join IWBI as an early adopter to advance the WELL for residential program. As the first residential project in Taiwan to apply the new standard, Baopu Care aims to be the first to earn the WELL Residence designation for its residents."

  • Ko-Chien Liu, Chairman, Baopu Development

"The WELL for residential pilot program is a perfect fit for us because we believe that all real estate decisions should revolve around people’s health. We appreciate that WELL shares our goal of preventing health problems before they happen."

  • Dr. Ted Caplow, Co-founder, Caplow Manzano

"City Sanctuary is excited to join IWBI as an early adopter of the WELL for residential program as this collaboration evidences our vision to build toward a radically healthier future. Evidence-based WELL strategies will reinforce our design principles for Albion Court."

  • Alex Uregian, Managing Director, City Sanctuary

"Corvias is committed to continuing to take care of the residences of servicemembers and their families. Our participation in this program enables us to enhance overall wellbeing, through a third-party, evidence-based program that includes strategies to improve air, water, and light."

  • Chris Wilson, CEO, Corvias

"This new WELL for residential program adds another layer to the holistic wellness vision we have set for Jubilee. It can help give residents further peace of mind in their choice to live in Jubilee."

  • June Tang, Vice President and General Manager, Jubilee

"We’re honored to be part of IWBI’s WELL for residential program, as our goal is to revolutionize the future of how we live and inspire wellness-based communities of all kinds not just in Utah, but around the world."

  • Chad Magleby, CEO, Magleby Development

"The WELL for residential program focuses on positively impacting resident health, something Minto Communities is excited to give to each of our new residents at 123 Portland. Achieving the WELL Residence designation for each unit will communicate additional confidence to residents in the health benefits inside their homes."

  • Carl Pawlowski, Senior Manager, Sustainability, Minto Communities

"Joining IWBI’s new residential program empowers us to pioneer the integration of WELL strategies, fostering resident well-being and shaping the future of healthier living environments."

  • Michael Stuhmer, Principal, Seneca

About the International WELL Building Institute
The International WELL Building Institute (IWBI) is a public benefit corporation and the world’s leading organization focused on deploying people first places to advance a global culture of health. IWBI mobilizes its community through the administration of the WELL Building Standard (WELL) and its WELL ratings, management of the WELL AP credential, the pursuit of applicable research, the development of educational resources, and advocacy for policies that promote health and well-being everywhere. More information on WELL can be found here.

International WELL Building Institute, IWBI, the WELL Building Standard, WELL v2, WELL Certified, WELL AP, WELL EP, WELL Score, The WELL Conference, We Are WELL, the WELL Community Standard, WELL Health-Safety Rated, WELL Performance Rated, WELL Equity Rated, WELL Equity, WELL Residence, Works with WELL, WELL and others, and their related logos are trademarks or certification marks of International WELL Building Institute pbc in the United States and other countries.

Media contact: media@wellcertified.com

View original content here.

View additional multimedia and more ESG storytelling from International WELL Building Institute on 3blmedia.com.

Contact Info:

Spokesperson: International WELL Building Institute
Website: https://www.3blmedia.com/profiles/international-well-building-institute
Email: info@3blmedia.com

SOURCE: International WELL Building Institute

View the original press release on accesswire.com

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GlamApp Launches Innovative Tool for Creating Reels, Stories, Posts, Collages, AI Avatars, AI Videos and Body Editing

NEW YORK, NY / ACCESSWIRE / January 30, 2024 / GlamApp, which is revolutionizing the world of content creation, has unveiled its all-in-one design and retouch app. The app, which has received over 100MM views across social media, is leveraging artificial technology to enable users of all skill levels to create stunning, one-of-a-kind visuals by changing the clothing a person wears in photos and videos.

GlamApp: Change your boring outfit with just one tap

GlamApp is a startup founded by Paul Shaburov, who envisioned an app whose cutting-edge features would bring to life the future of digital clothing. Through state-of-the-art AI technology, including stable diffusion and warp fusion neural networks, GlamApp allows content creators to create endless possibilities for a photo or video and express their unique style and creativity.

"As a startup, my team and I aim to be at the forefront of innovation, constantly pushing boundaries to provide users with unique technology and the best quality," Shaburov explains. "Because of the amazing capabilities of AI, we were able to develop the features of GlamApp and make it the center of content creation."

Through GlamApp, users can change the clothes a person wears, leading to unique reels, stories, posts, collages, AI avatars, AI videos, and body editing. The app’s user-friendly interface was developed for people without any hard design skills. It can be utilized by social media influencers, small business owners, or individuals who just want to express their creativity. Its features include:

  • AI-Powered Magic Videos: 100+ pre-made professional AI templates for all occasions allow creators to make ready-to-share aesthetic reels, which can transform the user into another reality. From adorable anime character transformations to sophisticated Neon styles and Vintage effects GlamApp provides a huge specter of filters.
  • Digital clothes on video: The photo video editing capabilities of GlamApp, which allow digital clothing, represent its commitment to pushing the boundaries of creativity.

Since its launch, GlamApp has received over 500K downloads on App Store/Google Play Store. Shaburov invites seasoned professionals and novices to join the GlamApp community. "We are excited about helping you to unlock your creative potential," he says. "Be sure to visit us in 2024 as we make the creation of stunning content even more fun and easier to do no matter your skill level."

About GlamApp:

GlamApp is an all-in-one design and retouch app that provides users with the ultimate tool for creating gorgeous and unique Reels, Stories, Posts, Collages, AI Avatars, AI Videos, and Body editing. GlamApp empowers users of all skill levels to become professional creators with its user-friendly interface and advanced AI technology. GlamApp is committed to pushing the boundaries of creativity and providing users with the best quality and unique technology.

For media inquiries, please contact:

Shaun Saunders
Graffiti Creative Group
shaun@graffiticreativegroup.com
(415) 504-5359

SOURCE: GlamApp

View the original press release on accesswire.com

Categories
Press Releases

Teradyne Reports Fourth Quarter and Fiscal Year 2023 Results

  • Revenue of $671 million in Q4’23, down 8% from Q4’22
  • Revenue of $2,676 million in FY 2023, down 15% from FY 2022
  • Record Robotics revenue in Q4’23, up 50% from Q3’23 and 17% from Q4’22
Q4’23 Q4’22 Q3’23 FY 2023 FY 2022
Revenue (mil)
$ 671 $ 732 $ 704 $ 2,676 $ 3,155
GAAP EPS
$ 0.72 $ 1.04 $ 0.78 $ 2.73 $ 4.22
Non-GAAP EPS
$ 0.79 $ 0.92 $ 0.80 $ 2.93 $ 4.25

NORTH READING, MA / ACCESSWIRE / January 30, 2024 / Teradyne, Inc. (NASDAQ:TER) reported revenue of $671 million for the fourth quarter of 2023 of which $431 million was in Semiconductor Test, $86 million in System Test, $25 million in Wireless Test and $129 million in Robotics. GAAP net income for the fourth quarter was $117 million or $0.72 per diluted share. On a non-GAAP basis, Teradyne’s net income in the fourth quarter was $127 million, or $0.79 per diluted share, which excluded pension actuarial losses, acquired intangible asset amortization, restructuring and other charges, and included the related tax impact on non-GAAP adjustments.

"We closed out 2023 with Q4 revenue and profit in line with our guidance as strong demand for memory test systems and 50% quarterly growth of Robotics revenue offset weakening demand for System-on-a-Chip (SOC) test systems," said Teradyne CEO Greg Smith. "Looking into the new year, we expect low tester utilization will impact demand in the first half of the year but anticipate the full year Semiconductor test demand to incrementally improve from 2023. In Robotics, after expected seasonal weakness in Q1, we project consistent quarterly growth powered by new products, new applications and improvements in our global distribution channels."

Guidance for the first quarter of 2024 is revenue of $540 million to $590 million, with GAAP net income of $0.19 to $0.35 per diluted share and non-GAAP net income of $0.22 to $0.38 per diluted share. Non-GAAP guidance excludes acquired intangible asset amortization and includes the related tax impact on non-GAAP adjustments.

Webcast

A conference call to discuss the fourth quarter results, along with management’s business outlook, will follow at 8:30 a.m. ET, Wednesday, January 31, 2024. Interested investors should access the webcast at www.teradyne.com and click on "Investors" at least five minutes before the call begins. Presentation materials will be available starting at 8:30 a.m. ET. A replay will be available on the Teradyne website at www.teradyne.com/investors.

Non-GAAP Results

In addition to disclosing results that are determined in accordance with GAAP, Teradyne also discloses non-GAAP results of operations that exclude certain income items and charges. These results are provided as a complement to results provided in accordance with GAAP. Non-GAAP income from operations and non-GAAP net income exclude acquired intangible assets amortization, restructuring and other, pension actuarial gains and losses, stock compensation modification expense, discrete income tax adjustments, and includes the related tax impact on non-GAAP adjustments. GAAP requires that these items be included in determining income from operations and net income. Non-GAAP income from operations, non-GAAP net income, non-GAAP income from operations as a percentage of revenue, non-GAAP net income as a percentage of revenue, and non-GAAP net income per share are non-GAAP performance measures presented to provide meaningful supplemental information regarding Teradyne’s baseline performance before gains, losses or other charges that may not be indicative of Teradyne’s current core business or future outlook. These non-GAAP performance measures are used to make operational decisions, to determine employee compensation, to forecast future operational results, and for comparison with Teradyne’s business plan, historical operating results and the operating results of Teradyne’s competitors. Non-GAAP diluted shares include the impact of Teradyne’s call option on its shares. Management believes each of these non-GAAP performance measures provides useful supplemental information for investors, allowing greater transparency to the information used by management in its operational decision making and in the review of Teradyne’s financial and operational performance, as well as facilitating meaningful comparisons of Teradyne’s results in the current period compared with those in prior and future periods. A reconciliation of each available GAAP to non-GAAP financial measure discussed in this press release is contained in the attached exhibits and on the Teradyne website at www.teradyne.com by clicking on "Investor Relations" and then selecting "Financials" and the "GAAP to Non-GAAP Reconciliation" link. The non-GAAP performance measures discussed in this press release may not be comparable to similarly titled measures used by other companies. The presentation of non-GAAP measures is not meant to be considered in isolation, as a substitute for, or superior to, financial measures or information provided in accordance with GAAP.

About Teradyne

Teradyne (NASDAQ:TER) test technology helps bring high-quality innovations such as smart devices, life-saving medical equipment and data storage systems to market, faster. Its advanced test solutions for semiconductors, electronic systems, wireless devices and more ensure that products perform as they were designed. Its robotics offerings include collaborative and mobile robots that help manufacturers of all sizes increase productivity, improve safety, and lower costs. In 2023, Teradyne had revenue of $2.7 billion and today employs over 6,500 people worldwide. For more information, visit teradyne.com. Teradyne ® is a registered trademark of Teradyne, Inc., in the U.S. and other countries.

Safe Harbor Statement

This release contains forward-looking statements including statements regarding Teradyne’s future business prospects, financial performance or position and results of operations. You can identify forward-looking statements by their use of forward-looking words such as "anticipate," "expect," "plan," "could," "may," "will," "believe," "estimate," "goal" or other comparable terms. Forward-looking statements in this press release address various matters, including statements regarding Teradyne’s financial guidance. Investors are cautioned that such forward-looking statements involve risks and uncertainties that could cause actual results to differ materially from the forward-looking statements due to known and unknown risks, uncertainties, assumptions, and other factors. Such factors include, but are not limited to, macroeconomic factors and slowdowns or downturns in economic conditions generally and in the markets in which Teradyne operates; decreased or delayed product demand from one or more significant customers; a slowdown or inability in the development, delivery and acceptance of new products; the ability to grow the Robotics business; the impact of increased research and development spending; the impact of epidemics or pandemics such as COVID-19; the impact of a supply shortage on our supply chain and contract manufacturers; the consummation and success of any mergers or acquisitions; unexpected cash needs; the business judgment of the board of directors that a declaration of a dividend or the repurchase of common stock is not in Teradyne’s best interests; changes to U.S. or global tax regulations or guidance; the impact of any tariffs or export controls imposed by the U.S. or China; the impact of U.S. Department of Commerce or other government agency regulations relating to Huawei, HiSilicon and other customers or potential customers; the impact of U.S. Department Commerce export control regulations for certain U.S. products and technology sold to military end users or for military end-use in China; the impact of the Israel-Hamas conflict; the impact of regulations published by the U.S. Department of Commerce relating to semiconductors and semiconductor manufacturing equipment destined for certain end uses in China. The risks included above are not exhaustive. For a more detailed description of the risk factors associated with Teradyne, please refer to Teradyne’s Annual Report on Form 10-K for the fiscal year ended December 31, 2022 and Quarterly Report on Form 10-Q for the fiscal quarter ended October 1, 2023. Many of these factors are macroeconomic in nature and are, therefore, beyond Teradyne’s control. We caution readers not to place undue reliance on any forward-looking statements included in this press release which speak only as to the date of this press release. Teradyne specifically disclaims any obligation to update any forward-looking information contained in this press release or with respect to the announcements described herein.

TERADYNE, INC. REPORT FOR FOURTH FISCAL QUARTER OF 2023

CONDENSED CONSOLIDATED STATEMENTS OF OPERATIONS

Quarter Ended Twelve Months Ended
December 31,
2023
October 1,
2023
December 31,
2022
December 31,
2023
December 31,
2022
Net revenues
$ 670,600 $ 703,732 $ 731,836 $ 2,676,298 $ 3,155,045
Cost of revenues (exclusive of acquired intangible assets amortization shown separately below) (1)
291,055 305,441 311,387 1,139,550 1,287,894
Gross profit
379,545 398,291 420,449 1,536,748 1,867,151
Operating expenses:
Selling and administrative (2)
142,336 138,330 142,752 577,315 558,103
Engineering and development
102,207 104,413 108,810 418,089 440,591
Acquired intangible assets amortization
4,651 4,720 4,670 18,999 19,333
Restructuring and other (3)
6,027 6,856 (2,369 ) 21,277 17,185
Operating expenses
255,221 254,319 253,863 1,035,680 1,035,212
Income from operations
124,324 143,972 166,586 501,068 831,939
Interest and other (income) expense (4)
(15,482 ) (308 ) (28,651 ) (24,504 ) (8,446 )
Income before income taxes
139,806 144,280 195,237 525,572 840,385
Income tax provision
22,752 16,164 22,936 76,820 124,884
Net income
$ 117,054 $ 128,116 $ 172,301 $ 448,752 $ 715,501
Net income per common share:
Basic
$ 0.77 $ 0.83 $ 1.11 $ 2.91 $ 4.52
Diluted
$ 0.72 $ 0.78 $ 1.04 $ 2.73 $ 4.22
Weighted average common shares – basic
152,812 153,762 155,762 154,310 158,434
Weighted average common shares – diluted (5)
162,106 164,050 165,468 164,304 169,734
Cash dividend declared per common share
$ 0.11 $ 0.11 $ 0.11 $ 0.44 $ 0.44

(1) Cost of revenues includes:

Quarter Ended Twelve Months Ended
December 31,
2023
October 1,
2023
December 31,
2022
December 31,
2023
December 31,
2022
Provision for excess and obsolete inventory
$ 5,289 $ 11,728 $ 11,787 $ 28,358 $ 31,452
Sale of previously written down inventory
(1,115 ) (1,198 ) (828 ) (5,161 ) (1,808 )
$ 4,174 $ 10,530 $ 10,959 $ 23,197 $ 29,644

(2) For the twelve months ended December 31, 2023, selling and administrative expenses included an equity charge of $5.9 million for the modification of Teradyne’s retired CEO’s outstanding equity awards in connection with his February 1, 2023 retirement.

(3) Restructuring and other consists of:

Quarter Ended Twelve Months Ended
December 31,
2023
October 1,
2023
December 31,
2022
December 31,
2023
December 31,
2022
Acquisition and divestiture related expenses
$ 3,132 $ $ $ 3,132 $
Employee severance
2,892 4,658 775 14,727 2,924
Contract termination
1,511 1,511
Litigation settlement
14,700
Gain on sale of asset
(3,410 ) (3,410 )
Other
3 687 266 1,907 2,971
$ 6,027 $ 6,856 $ (2,369 ) $ 21,277 $ 17,185

(4) Interest and other (income) expense includes:

Quarter Ended Twelve Months Ended
December 31,
2023
October 1,
2023
December 31,
2022
December 31,
2023
December 31,
2022
Pension actuarial losses (gains)
$ 2,575 $ 72 $ (25,592 ) $ 2,703 $ (25,584 )
Gain on foreign exchange option
(7,464 ) (7,464 )

(5) Under GAAP, when calculating diluted earnings per share, convertible debt must be assumed to have converted if the effect on EPS would be dilutive. Diluted shares assume the conversion of the convertible debt as the effect would be dilutive. Accordingly, for the quarters ended December 31, 2023, October 1, 2023 and December 31, 2022, 0.2 million, 0.6 million and 1.2 million shares, respectively, have been included in diluted shares. For the twelve months ended December 31, 2023 and December 31, 2022, 0.6 million and 1.8 million shares, respectively, have been included in diluted shares. For the quarters ended December 31, 2023, October 1, 2023 and December 31, 2022, diluted shares also included 8.6 million, 9.2 million and 7.9 million shares, respectively, from the convertible note hedge transaction. For the twelve months ended December 31, 2023 and December 31, 2022, diluted shares included 8.9 million and 8.8 million shares, respectively, from the convertible note hedge transaction.

CONDENSED CONSOLIDATED BALANCE SHEETS (In thousands)

December 31,
2023
December 31,
2022
Assets
Cash and cash equivalents
$ 757,571 $ 854,773
Marketable securities
62,154 39,612
Accounts receivable, net
422,124 491,145
Inventories, net
309,974 325,019
Prepayments
548,970 532,962
Other current assets
37,992 14,404
Current assets held for sale
23,250
Total current assets
2,162,035 2,257,915
Property, plant and equipment, net
445,492 418,683
Operating lease right-of-use assets, net
73,417 73,734
Marketable securities
117,434 110,777
Deferred tax assets
175,775 142,784
Retirement plans assets
11,504 11,761
Other assets
38,580 28,925
Acquired intangible assets, net
35,404 53,478
Goodwill
415,652 403,195
Assets held for sale
11,531
Total assets
$ 3,486,824 $ 3,501,252
Liabilities
Accounts payable
$ 180,131 $ 139,722
Accrued employees’ compensation and withholdings
191,750 212,266
Deferred revenue and customer advances
99,804 148,285
Other accrued liabilities
114,712 112,271
Operating lease liabilities
17,522 18,594
Income taxes payable
48,653 65,010
Current debt
50,115
Current liabilities held for sale
7,379
Total current liabilities
659,951 746,263
Retirement plans liabilities
132,090 116,005
Long-term deferred revenue and customer advances
37,282 45,131
Long-term other accrued liabilities
19,998 15,981
Deferred tax liabilities
183 3,267
Long-term operating lease liabilities
65,092 64,176
Long-term income taxes payable
44,331 59,135
Liabilities held for sale
2,000
Total liabilities
960,927 1,049,958
Shareholders’ equity
2,525,897 2,451,294
Total liabilities and shareholders’ equity
$ 3,486,824 $ 3,501,252

CONDENSED CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands)

Quarter Ended Twelve Months Ended
December 31,
2023
December 31,
2022
December 31,
2023
December 31,
2022
Cash flows from operating activities:
Net income
$ 117,054 $ 172,301 $ 448,752 $ 715,501
Adjustments to reconcile net income to net cash provided by operating activities:
Depreciation
23,260 22,861 92,118 90,763
Stock-based compensation
12,443 10,808 57,682 48,228
Provision for excess and obsolete inventory
5,289 11,787 28,358 31,452
Amortization
4,685 4,900 18,768 19,912
Deferred taxes
(13,616 ) (10,320 ) (37,642 ) (38,693 )
(Gains) losses on investments
(11,756 ) (1,451 ) (14,915 ) 9,985
Retirement plans actuarial losses (gains)
2,575 (25,592 ) 2,703 (25,584 )
Gains on sale of asset
(3,410 ) (3,410 )
Other
(811 ) 1,621 (955 ) 2,353
Changes in operating assets and liabilities
Accounts receivable
40,786 46,380 70,977 50,628
Inventories
(1,068 ) (11,992 ) 5,327 (80,809 )
Prepayments and other assets
20,881 (46,382 ) (43,101 ) (140,713 )
Accounts payable and other liabilities
42,783 11,911 46,782 (60,507 )
Deferred revenue and customer advances
(7,693 ) (337 ) (57,210 ) (6,233 )
Retirement plans contributions
(1,794 ) (1,219 ) (5,492 ) (5,116 )
Income taxes
15,762 1,536 (26,921 ) (29,834 )
Net cash provided by operating activities
248,780 183,402 585,231 577,923
Cash flows from investing activities:
Purchases of property, plant and equipment
(44,336 ) (34,577 ) (159,642 ) (163,249 )
Purchases of marketable securities
(24,120 ) (20,234 ) (161,906 ) (287,409 )
Proceeds from sales of marketable securities
24,438 8,858 61,401 268,058
Proceeds from maturities of marketable securities
13,595 40,849 85,042 222,941
Issuance of convertible loan
(5,000 )
Proceeds from life insurance
460
Proceeds from sale of asset
3,410 3,410
Net cash (used for) provided by investing activities
(30,423 ) (1,694 ) (179,645 ) 43,751
Cash flows from financing activities:
Repurchase of common stock
(50,749 ) (2,082 ) (397,241 ) (752,082 )
Payments of convertible debt principal
(23,529 ) (14,754 ) (50,264 ) (66,759 )
Dividend payments
(16,797 ) (17,133 ) (67,878 ) (69,711 )
Payments related to net settlement of employee stock compensation awards
(202 ) (183 ) (20,788 ) (33,170 )
Issuance of common stock under stock purchase and stock option plans
175 34,259 28,733
Net cash used for financing activities
(91,102 ) (34,152 ) (501,912 ) (892,989 )
Effects of exchange rate changes on cash and cash equivalents
(6,645 ) (3,529 ) (876 ) 3,889
Increase (decrease) in cash and cash equivalents
120,610 144,027 (97,202 ) (267,426 )
Cash and cash equivalents at beginning of period
636,961 710,746 854,773 1,122,199
Cash and cash equivalents at end of period
$ 757,571 $ 854,773 $ 757,571 $ 854,773

GAAP to Non-GAAP Earnings Reconciliation

(In millions, except per share amounts)

Quarter Ended

December 31,
2023

% of Net Revenues

October 1,
2023

% of Net Revenues

December 31,
2022

% of Net Revenues

Net revenues $

670.6

$

703.7

$

731.8

Gross profit GAAP and non-GAAP

379.5

56.6

%

398.3

56.6

%

420.4

57.4

%
Income from operations – GAAP

124.3

18.5

%

144.0

20.5

%

166.6

22.8

%

Restructuring and other (1)

6.0

0.9

%

6.9

1.0

%

(2.4

)

-0.3

%

Acquired intangible assets amortization

4.7

0.7

%

4.7

0.7

%

4.7

0.6

%
Income from operations – non-GAAP $

135.0

20.1

% $

155.6

22.1

% $

168.9

23.1

%

Net Income
per Common Share

Net Income
per Common Share

Net Income
per Common Share

December 31,
2023

% of Net Revenues

Basic

Diluted

October 1,
2023

% of Net Revenues

Basic

Diluted

December 31,
2022

% of Net Revenues

Basic

Diluted

Net income – GAAP $

117.1

17.5

% $

0.77

$

0.72

$

128.1

18.2

% $

0.83

$

0.78

$

172.3

23.5

% $

1.11

$

1.04

Restructuring and other (1)

6.0

0.9

%

0.04

0.04

6.9

1.0

%

0.04

0.04

(2.4

)

-0.3

%

(0.02

)

(0.01

)

Acquired intangible assets amortization

4.7

0.7

%

0.03

0.03

4.7

0.7

%

0.03

0.03

4.7

0.6

%

0.03

0.03

Pension mark-to-market adjustment (2)

2.6

0.4

%

0.02

0.02

0.1

0.0

%

0.00

0.00

(25.6

)

-3.5

%

(0.16

)

(0.15

)

Gain on foreign exchange option

(7.5

)

-1.1

%

(0.05

)

(0.05

)

Exclude discrete tax adjustments

3.3

0.5

%

0.02

0.02

(4.8

)

-0.7

%

(0.03

)

(0.03

)

(2.8

)

-0.4

%

(0.02

)

(0.02

)

Non-GAAP tax adjustments

1.0

0.1

%

0.01

0.01

(3.5

)

-0.5

%

(0.02

)

(0.02

)

4.5

0.6

%

0.03

0.03

Convertible share adjustment (3)

0.01

Net income – non-GAAP $

127.2

19.0

% $

0.83

$

0.79

$

131.5

18.7

% $

0.86

$

0.80

$

150.8

20.6

% $

0.97

$

0.92

GAAP and non-GAAP weighted average common shares – basic

152.8

153.8

155.8

GAAP weighted average common shares – diluted

162.1

164.1

165.5

Exclude dilutive shares related to convertible note transaction

(0.2

)

(0.6

)

(1.2

)
Non-GAAP weighted average common shares – diluted

161.9

163.4

164.3

(1) Restructuring and other consists of:

Quarter Ended
December 31,
2023
October 1,
2023
December 31,
2022
Acquisition and divestiture related expenses
$ 3.1 $ $
Employee severance
2.9 4.7 0.8
Contract termination
1.5
Gain on sale of asset
(3.4 )
Other
0.6 0.3
$ 6.0 $ 6.9 $ (2.4 )

(2) For the quarters ended December 31, 2023, October 1, 2023 and December 31, 2022 adjustment to exclude actuarial (gain) loss recognized under GAAP in accordance with Teradyne’s mark-to-market pension accounting.

(3) For the quarter ended December 31, 2022, the non-GAAP diluted EPS calculation adds back $0.2 million of convertible debt interest expense to non-GAAP net income. For the quarters ended December 31, 2023, October 1, 2023, and December 31, 2022, non-GAAP weighted average diluted common shares include 8.6 million, 9.2 million and 7.9 million shares, respectively, from the convertible note hedge transaction.

Twelve Months Ended

December 31,
2023

% of Net Revenues

December 31,
2022

% of Net Revenues

Net Revenues $

2,676.3

$

3,155.0

Gross profit GAAP and non-GAAP

1,536.7

57.4

%

1,867.2

59.2

%
Income from operations – GAAP

501.1

18.7

%

831.9

26.4

%

Restructuring and other (1)

21.3

0.8

%

17.2

0.5

%

Acquired intangible assets amortization

19.0

0.7

%

19.3

0.6

%

Equity modification charge (2)

5.9

0.2

%

Income from operations – non-GAAP $

547.3

20.4

% $

868.4

27.5

%

Net Income
per Common Share

Net Income
per Common Share

December 31,
2023

% of Net Revenues

Basic

Diluted

December 31,
2022

% of Net Revenues

Basic

Diluted

Net income – GAAP $

448.8

16.8

% $

2.91

$

2.73

$

715.5

22.7

% $

4.52

$

4.22

Restructuring and other (1)

21.3

0.8

%

0.14

0.13

17.2

0.5

%

0.11

0.10

Acquired intangible assets amortization

19.0

0.7

%

0.12

0.12

19.3

0.6

%

0.12

0.11

Equity modification charge (2)

5.9

0.2

%

0.04

0.04

Pension mark-to-market adjustment (3)

2.7

0.1

%

0.02

0.02

(25.6

)

-0.8

%

(0.16

)

(0.15

)

Gain on foreign exchange option

(7.5

)

-0.3

%

(0.05

)

(0.05

)

Exclude discrete tax adjustments

(3.4

)

-0.1

%

(0.02

)

(0.02

)

(12.1

)

-0.4

%

(0.08

)

(0.07

)

Non-GAAP tax adjustments

(7.7

)

-0.3

%

(0.05

)

(0.05

)

(1.4

)

0.0

%

(0.01

)

(0.01

)

Convertible share adjustment (4)

0.01

0.05

Net income – non-GAAP $

479.1

17.9

% $

3.10

$

2.93

$

712.9

22.6

% $

4.50

$

4.25

GAAP and non-GAAP weighted average common shares – basic

154.3

158.4

GAAP weighted average common shares – diluted

164.3

169.7

Exclude dilutive shares from convertible note

(0.6

)

(1.8

)
Non-GAAP weighted average common shares – diluted

163.7

167.9

(1) Restructuring and other consists of:

Twelve Months Ended
December 31,
2023
December 31,
2022
Employee severance
$ 14.8 $ 2.9
Acquisition and divestiture related expenses
3.1
Contract termination
1.5
Litigation settlement
14.7
Gain on sale of asset
(3.4 )
Other
1.9 3.0
$ 21.3 $ 17.2

(2) For the twelve months ended December 31, 2023, selling and administrative expenses include an equity charge of $5.9 million for the modification of Teradyne’s retired CEO’s outstanding equity awards in connection with his February 1, 2023 retirement.

(3) For the twelve months ended December 31, 2023 and December 31, 2022, adjustment to exclude actuarial (gain) loss recognized under GAAP in accordance with Teradyne’s mark-to-market pension accounting.

(4) For the twelve months ended December 31, 2023 and December 31, 2022, the non-GAAP diluted EPS calculation adds back $0.2 million and $1.0 million, respectively, of convertible debt interest expense to non-GAAP net income. For the twelve months ended December 31, 2023 and December 31, 2022, non-GAAP weighted average diluted common shares include 8.9 million and 8.8 million shares, respectively, related to the convertible debt hedge transaction.

GAAP to Non-GAAP Reconciliation of First Quarter 2024 guidance:

GAAP and non-GAAP first quarter revenue guidance:
$540 million
to
$590 million
GAAP net income per diluted share
$ 0.19
$ 0.35
Exclude acquired intangible assets amortization
0.03
0.03
Exclude restructuring and other charges
0.01
0.01
Non-GAAP tax adjustments
(0.01 )
(0.01 )
Non-GAAP net income per diluted share
$ 0.22
$ 0.38

For press releases and other information of interest to investors, please visit Teradyne’s homepage at http://www.teradyne.com.

Contact: Teradyne, Inc.
Andy Blanchard 978-370-2425
Vice President of Corporate Relations

SOURCE: Teradyne, Inc.

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App-Specific Rollup Cartesi Announces a $1 Million Ecosystem Grants Initiative

NEW YORK, NY / ACCESSWIRE / January 30, 2024 / Developers can receive up to $50,000 USDC per project, plus dedicated tech support, introduction to accelerators and investors, marketing support and project consulting.

Cartesi (CTSI), an app-specific rollup protocol with a virtual machine that runs Linux distributions, announced today an allocation for $1 million to the Cartesi Grants Program. The program is dedicated to fostering developer talent and enriching the Cartesi ecosystem by supporting new ideas & dApps, research & integrations, developer tooling and gaming. Independent developers, founding teams, DAOs, communities and collectives can apply starting today, Tuesday, January 30th and have the opportunity to receive up to $50,000 USDC per project, subject to community vote. Through this grants program, Cartesi aims to increase the number of long-term contributors and developers building novel applications on Cartesi.

Areas of focus:

  • New ideas & dApps: Applications and experiments built using the Cartesi framework that offers value to the broader ecosystem. Currently, Cartesi is supporting Complex Vouchers, an advanced voucher system for external interactions.
  • Research & Integrations: Split into two tracks, Track 1 focuses on research and solutions that integrate Cartesi technology with other innovative technologies. For example, Cartenix uses the Cartesi VM and Nix Package system to leverage reproducible builds in a deterministic and verifiable environment. Having this on-chain provides a much higher level of security and trustlessness for developers.
  • Track 2 is dedicated to in-depth research on topics identified as crucial for the advancement of the Cartesi ecosystem. For example, open-source research associated with RISC-V, ZK, and Cartesi.
  • Developer tooling: Tools that simplify and enhance the experience for developers building on Cartesi. For example, Drand is a component of a larger set of tools for generating random numbers on Cartesi’s convenience layer. The goal is to create a framework for Cartesi that will make it easy for web3 developers to create dApps using Cartesi.
  • Gaming: Games that uniquely leverage the capabilities of Cartesi, such as open-source games that can be reused and built upon, game frameworks, convenience layers, and other infrastructure contributions. Currently under development is Dazzle, a competitive online puzzle RPG that leverages Cartesi Rollups and the Cartesi Machine for high-stake, e-sport-like tournaments.

"This grants program is designed to foster long-term collaboration within the Cartesi ecosystem and increase the convenience and scalability of dApp development for both developers and users," said Hellenstans.eth, Grants Steward in the Cartesi ecosystem. "The grants program offers financial support and invaluable technical guidance to kickstart any developer’s project."

Cartesi’s first dApp, Honeypot, launched on the Ethereum mainnet this past summer. This dApp is designed to encourage developers to challenge the security of Cartesi Rollups. The Honeypot fund constantly increases by a compounded 8% weekly and is currently unbroken, holding 139,861 CTSI.

The Cartesi Foundation has committed $1,000,000 in total to the first two waves of the Cartesi Grants Program. During Wave 1, the Grants Program will allocate a maximum of $500,000 USDC, with a further $500,000 USDC available for allocation during Wave 2.

The Cartesi Grants Program’s goal for Wave 1 is to significantly ramp up in speed and scale in future rounds of grant funding by gathering feedback on the grant process and lowering friction for proposers looking to apply for grants. To review the list of projects approved for funding during the pilot, visit governance.cartesi.io. To find out more and apply, please visit the Cartesi Grants Program page on Charmverse.

About Cartesi Foundation

The Cartesi Foundation is a mission-bound organization dedicated to supporting the Cartesi technology and the decentralization of the Cartesi ecosystem. The Foundation’s mission is to be a supporting member of the Cartesi community, through fundings, education programs, grants, strategic alliances, and other focused activities. The Foundation is committed to supporting the development of the Cartesi ecosystem; bringing mainstream scalability and convenience to dApp developers and users. To learn more about Cartesi, visit https://cartesi.io/.

About Cartesi

Cartesi is an app-specific rollup protocol with a virtual machine that runs Linux distributions, creating a richer and broader design space for dApp developers. Cartesi Rollups offer a modular scaling solution, deployable as L2, L3, or sovereign rollups, while maintaining strong base layer security guarantees. To learn more about Cartesi, visit https://cartesi.io/.

Contact

PR Manager
Lauren Bukoskey
Serotonin
lauren@serotonin.co

SOURCE: Cartesi

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CCL to Hold Live Webcast to Discuss Fourth Quarter and Year End 2023 Results, Thursday, February 22, 2024, at 7:30 a.m. ET

TORONTO, ON / ACCESSWIRE / January 30, 2024 / CCL Industries Inc., (TSX:CCL.A)(TSX:CCL.B) a world leader in specialty label, security and packaging solutions for global corporations, government institutions, small businesses and consumers, will be releasing its Fourth Quarter and Year End 2023 results at 5:30 p.m. on Wednesday, February 21, 2024, and will be holding a live webcast on Thursday, February 22, 2024 at 7:30 a.m. ET to answer questions in connection with the Press Release.

The press release and conference call presentation will be posted on the Company’s website on Wednesday, February 21, 2024www.cclind.com.

To access the webcast or webcast replay, please use the following webcast link:

https://www.webcaster4.com/Webcast/Page/2807/49763

To access the audio/listen only live webcast, please use the following numbers:

Dial In Details
Toll Free: 1-877-545-0320
International: 1-973-528-0002
Conference Entry Code (CEC): 832360

Replay for the webcast will be available Thursday, February 22, 2024, until Sunday, March 24, 2024.

CCL Industries Inc. employs approximately 25,300 people operating 205 production facilities in 43 countries with corporate offices in Toronto, Canada, and Framingham, Massachusetts. CCL is the world’s largest converter of pressure sensitive and specialty extruded film materials for a wide range of decorative, instructional, functional and security applications for government institutions and large global customers in the consumer packaging, healthcare & chemicals, consumer electronic device and automotive markets. Extruded & laminated plastic tubes, aluminum aerosols & specialty bottles, folded instructional leaflets, precision decorated & die cut components, electronic displays, polymer banknote substrate and other complementary products and services are sold in parallel to specific end-use markets. Avery is the world’s largest supplier of labels, specialty converted media and software solutions for short-run digital printing applications for businesses and consumers available alongside complementary products sold through distributors, mass market stores and e-commerce retailers. Checkpoint is a leading developer of RF and RFID based technology systems for loss prevention and inventory management applications, including labeling and tagging solutions, for the retail and apparel industries worldwide. Innovia is a leading global producer of specialty, high performance, multi-layer, surface engineered films for label, packaging and security applications. The Company is partly backward integrated into materials science with capabilities in polymer extrusion, adhesive development, coating & lamination, surface engineering and metallurgy; deployed as needed across the four business segments.

For more information, contact:
Sean Washchuk
Senior Vice President and Chief Financial Officer
416-756-8526

SOURCE: CCL Industries Inc.

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AMERICAN LIBERTY SILVER SOLUTION Launches Alkaline Structured Silver Solution, Bringing the Past Health to the Future

SALT LAKE, UT / ACCESSWIRE / January 30, 2024 / AMERICAN LIBERTY SILVER SOLUTION, a leading provider of health and wellness products, is proud to announce the launch of its Alkaline Structured Silver Solution. With its new product, AMERICAN LIBERTY SILVER SOLUTION aims to bring the benefits of traditional silver usage into the modern era by leveraging new technology and powerful solutions. The company’s overall goal is to enhance overall health and well-being.

American Liberty: Bringing ancient remedies to the modern consumer

As an alkaline-based solution, AMERICAN LIBERTY SILVER SOLUTION’s Alkaline Structured Silver Solution combines the advantageous properties of silver with the added benefits of an alkaline pH balance. This unique combination creates an optimized environment for combating harmful microorganisms and supporting optimal immune function. By harnessing the power of silver in a structured, alkaline form, AMERICAN LIBERTY SILVER SOLUTION is providing a solution that brings ancient remedies into the future of healthcare.

Unlike traditional colloidal silver solutions, AMERICAN LIBERTY SILVER SOLUTION’s Alkaline Structured Silver Solution offers superior stability and the highest quality (will not metabolize in the body and create argyria or turn you blue). The advanced production and purification methods used ensure the effectiveness and purity of the product, making it a safe and reliable choice for users looking to boost their immune system and overall health.

AMERICAN LIBERTY SILVER SOLUTION’s Alkaline Structured Silver Solution can be used both orally and topically, offering versatility to consumers. Its easy-to-use design makes it ideal for everyday use, and it proves especially beneficial in supporting the body’s natural healing processes, providing an overall wellness boost.

AMERICAN LIBERTY SILVER SOLUTION is rewriting the rules of well-being.

"We are thrilled to introduce our Alkaline Structured Silver Solution to the market. Through extensive research and development, we have created a product that combines the ancient healing properties of silver with the modern understanding of alkaline pH balance. We believe that our solution will empower individuals to proactively take control of their health and live their lives to the fullest," said Michael Breinholt, who is Vice President of Marketing at AMERICAN LIBERTY SILVER SOLUTION and a Board-Certified Traditional Naturopath BCTN through the American Naturopathic Medical Association ANMA.

AMERICAN LIBERTY SILVER SOLUTION’s Alkaline Structured Silver Solution will be available for purchase on the company’s website and at select retail partners starting in the spring of 2024. To celebrate the launch, AMERICAN LIBERTY SILVER SOLUTION is offering an exclusive discount for a limited time. For more information about the product, pricing, and special offers, please visit americanlibertysilver.com.

About AMERICAN LIBERTY SILVER SOLUTION

AMERICAN LIBERTY SILVER SOLUTION is a leading provider of health and wellness solutions. With a commitment to producing high-quality, effective products, AMERICAN LIBERTY SILVER SOLUTION strives to lead the way in bringing ancient remedies to the modern consumer, promoting overall health and well-being. With the launch of its Alkaline Structured Silver Solution, AMERICAN LIBERTY SILVER SOLUTION continues to contribute to the advancement of healthcare.

For media queries, please contact:

Shaun Saunders
welcome@graffiticreativegroup.com

SOURCE: AMERICAN LIBERTY SILVER SOLUTION

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8081.io Announces the Prelaunch of Its Automated Trading Platform for Cryptocurrency

8081.io Redefines Crypto Trading with Advanced AI/ML Automation

SAN FRANCISCO, CA / ACCESSWIRE / January 30, 2024 / In a landmark development, 8081.io, a leader in cryptocurrency trading automation, today announced the pre-launch of its state-of-the-art automated trading platform. Armed with advanced AI/ML technology, this platform is meticulously crafted to serve the unique needs of both traditional retail investors and institutional licensed brokers. Poised to lead the upcoming global surge in crypto adoption, 8081.io combines user-friendly design with sophisticated technology.

Confronting the trust issues and asset selection uncertainties that have long plagued the crypto industry, 8081.io set out to serve as a beacon of innovation and dependability. This strategic positioning is further bolstered by the recent introduction of a Bitcoin ETF, highlighting the sector’s growing mainstream acceptance.

Ronen Cojocaru, CEO of 8081.io, states: "8081.io is set to bridge the gap between traditional investors and licensed brokers, thereby establishing a strong foundation of trust in the marketplace. Our platform’s uniqueness lies in its seamless investment management capabilities, which merge advanced automation with professional broker expertise. This approach guarantees that users retain control over their funds at their preferred custodian exchanges. Our aim is to broaden the crypto adoption spectrum by forging partnerships with key major exchanges and brokerage firms worldwide."

Introducing the 8081.io Automated Platform

Today’s announcement signals the introduction of the 8081.io automated trading platform, a groundbreaking innovation in crypto trading for both retail and licensed brokers. The platform facilitates uninterrupted portfolio management, freeing users from the necessity of constant oversight. Initially compatible with four major exchanges, 8081.io is planning an expansion to include 18, significantly enhancing trading possibilities.

Ronen Cojocaru adds: "Our team, including an elite design team and top-notch developers and crypto market experts, has devoted the past year to refining our platform with a strong focus on user experience. We are excited to unveil a solution that significantly improves both the efficiency and accessibility of crypto trading."

About 8081.io

Founded in December 2022 by seasoned professionals from the cryptocurrency and technology industries, 8081.io‘s mission is to demystify crypto trading and build bridges between traditional brokers and investors. The platform uses AI and ML for strategic, personalized trading, catering to a wide range of trading expertise. The founding and member teams, boasting backgrounds in prominent companies such as AT&T, Cisco, and Charles Schwab, offer a rich blend of finance and technology expertise, having pioneered extensive blockchain integrations across various platforms.

The Future of 8081.io

Currently in stealth mode and exclusively available to select partners and institutions, 8081.io is already managing several million dollars in daily trades. 8081.90 invites interested individuals and organizations to join the waiting list for early access.

Media Inquiries: press@8081.io

Disclaimer: Trading in cryptocurrencies involves inherent risks. 8081.io does not provide financial advice. Users are advised to conduct their own research and assess their risk tolerance prior to trading.

Contact

Marketing Manager
Kira Wojack
8081 Inc
press@8081.io

SOURCE: 8081.io

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