The event is open to both institutional investors and the general public and will feature Charles Allen, Chief Executive Officer of BTCS; Ben Hunter, Vice President of Engineering at BTCS; and Freddy Zwanzger, Ethereum Ecosystem consultant at Blockdaemon, one of the leading Web3 staking and wallet infrastructure companies. Kevin Dede from H.C. Wainwright will moderate the discussion.

Details of the Fireside Chat:

• Host: H.C. Wainwright & Co.
• Date: Tuesday, January 28, 2025
• Time: 10:30 am ET
• Event registration link: Fireside Chat Link

This dynamic panel will discuss the latest innovations in blockchain technology, insights into the rapidly evolving Ethereum ecosystem, and BTCS role as a participant in Ethereum’s infrastructure.

Charles Allen, CEO of BTCS, stated, “We are thrilled to collaborate with H.C. Wainwright and Freddy to share insights on the future of blockchain and Ethereum’s transformative potential. This event underscores BTCS’s commitment to advancing blockchain infrastructure and fostering meaningful industry dialogue.”

About BTCS:

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

About Blockdaemon:

Blockdaemon powers the blockchain economy with its suite of industry-leading infrastructure solutions. We are a globally established, ISO-27001 certified partner with extensive protocol coverage, offering technical depth, industry-leading SLAs, 70+ global points of presence through 10+ cloud and bare metal providers, and 24/7 support for an unmatched institutional-grade experience. We provide integrated business solutions to exchanges, custodians, crypto platforms, financial institutions, and developers using our end-to-end suite of blockchain tools, including dedicated nodes, APIs, staking, liquid staking, MPC tech, and more. Blockdaemon provides its customers with the confidence to quickly and easily scale without compromising security or compliance. For more information visit: www.blockdaemon.com.

BTCS Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com

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nexos.ai was co-founded in late 2024 by Tomas Okmanas and Eimantas Sabaliauskas, the co-founders of several successful businesses including Nord Security (valued at $3 billion). The round attracted investment from prominent angels including Olivier Pomel (CEO of Datadog), Sebastian Siemiatkowski (CEO of Klarna), through Flat Capital, Ilkka Paananen (CEO of Supercell) and Avishai Abrahami (CEO of Wix.com).

As companies race to integrate AI capabilities, they face mounting complexity in managing multiple AI models, controlling costs, and ensuring reliable performance. The idea for nexos.ai emerged from Okmanas’ firsthand experience, where he struggled to integrate AI across several companies he was involved with – despite spending over $100k per month on large language models (LLM) usage in some cases. Conversations with other companies revealed the same pattern: businesses were eager to deploy AI, but lacked the infrastructure to create high-quality, secure, flexible and cost-effective applications at scale.

nexos.ai has solved this problem by building an AI operating system for enterprises, enabling them to harness and deploy hundreds of AI models through a single, seamless platform.

“Companies know that AI is an operational and competitive necessity, but they’re drowning in the challenges of managing multiple models, controlling costs and ensuring accurate and reliable performance,” said Okmanas, CEO and co-founder of nexos.ai. “At the same time, AI models are becoming increasingly autonomous and capable of handling complex tasks with minimal human intervention. We’ve built nexos.ai to be the enterprise-grade platform that makes working with AI as intuitive as working with human teams – providing the infrastructure and oversight to make sure these models perform at their best while remaining cost-effective and secure.”

The nexos.ai platform will launch in Q1 2025, and is already being tested by several major international companies for use cases such as automated customer support. It provides access to over 200 AI models from leading providers including OpenAI, Anthropic, Google, and Meta. Key capabilities include:

• Smart model routing and load balancing to optimize performance and costs
• Intelligent caching that can significantly reduce costs for repeated queries
• Comprehensive monitoring and analytics for AI operations
• Enterprise-grade security and compliance controls
• Automated performance optimization across model providers

“nexos.ai is a critical solution for any enterprise deploying AI at scale, where managing the inherently complex ecosystem of large language models, AI agents, and applications with varying levels of autonomy becomes essential. The demand for such solutions is expected to grow exponentially in the coming months and years,” said Hannah Seal, Partner at Index Ventures. “Tomas and his team have consistently demonstrated their ability to tackle complex challenges by creating products that deliver elegant, simple solutions — and this one might be their most consequential yet.”

For more information and to join the waitlist, visit nexos.ai.

About Tomas Okmanas

Tomas Okmanas is a tech-driven entrepreneur, investor, and co-founder of multiple global startups across both B2C and B2B sectors. He is best known for co-founding Nord Security, a leading global cybersecurity company that provides the world’s most advanced VPN service, NordVPN. Tomas consistently demonstrates strong business acumen, whether by bootstrapping ventures like Oxylabs, a market-leading web intelligence collection platform, or by fostering growth from the earliest stages, as seen with hosting provider Hostinger, now globally recognized as the fastest-growing brand in its market. One of his most recent ventures is nexos.ai, a rapidly growing AI startup aiming to become the ultimate AI orchestration platform for the agentic era.

Tomas’ key strengths lies in his ability to leverage technology to scale businesses and brands across diverse industries, from health-tech to sports. He owns the rising basketball brand, the BC London Lions, and is a part-owner of the Euroleague championship-winning and history-rich BC Žalgiris. Additionally, he co-founded the tech accelerator Tesonet and holds the majority share of media company Mediatech. Under his leadership, the combined talent pool across his ventures now exceeds 3,000 people.

About Index Ventures

Index Ventures is a global venture capital firm that backs exceptional entrepreneurs. We help founders turn their bold ideas into global businesses and, through the companies they build, have a long-lasting and positive impact on the world around us. Index-backed businesses are supported by an experienced team of investors, strategists, and an extensive global network built over three decades of startup investing. Working side-by-side through the scale-up journey, we forge deep and long-lasting relationships with founders and their teams across many industries and geographies.

About Creandum

Founded in 2003, Creandum is a leading pan-European early-stage venture capital firm. The firm’s portfolio of 150+ companies includes some of Europe’s most successful tech companies across a wide range of industries, including Spotify, Klarna, Depop, Trade Republic, Pleo, and neo4j. Today, every sixth company is a billion dollar company or more. Creandum’s advisory teams are based in Stockholm, London, Berlin, and San Francisco and offer extensive operational expertise to support the funds’ portfolio companies from seed to exit to become global category leaders. Learn more at www.creandum.com.

About nexos.ai

nexos.ai is a cutting-edge AI infrastructure company providing a centralized platform for enterprises to seamlessly integrate and manage multiple AI models. Founded in 2024 by Tomas Okmanas and Eimantas Sabaliauskas, who also co-founded several bootstrapped global ventures including the $3B cybersecurity unicorn Nord Security and Oxylabs, nexos.ai addresses the urgent enterprise need to efficiently deploy, manage, and optimize AI models within organizations. Originating in the ecosystem of Lithuania-based tech accelerator Tesonet, the company attracted its first investment of $8M in early 2025 from Index Ventures, Creandum, Dig Ventures, and a number of prominent angel investors.

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Jeffrey Benjamin will succeed David Sambur as Independent Chairman of the Board. Benjamin has been on the Rackspace Board since 2016 and chairs the Audit Committee. Benjamin has over 25 years of experience in investment management and has served on the boards of American Airlines Group and Caesars Entertainment Company, among others. He has also served on the board of Involta for 10 years prior to its sale to Carlyle in 2022. Sambur, Partner and Co-Head of Equity at Apollo Global Management, stepped down from the Rackspace Board after nine years of dedicated service.

In addition, Vikram Mahidhar will be joining the Rackspace Board. Mahidhar has led the digital, data, and artificial intelligence team at Apollo Global Management as an Operating Partner within the Apollo Portfolio Performance Solutions group since 2021. He also co-leads Apollo’s Artificial Intelligence strategy. Prior to joining Apollo, Mahidhar was a Senior Vice President at Genpact leading the global digital transformation business across industry verticals, including building the artificial intelligence business at RAGE frameworks prior to its acquisition by Genpact. Prior to Genpact, he served in various leadership roles with Deloitte in strategy and innovation. Mahidhar has been recognized by Data IQ as 2023 Top 100 Most Influential Leaders in Data and he received the AI100 Award by MachineCon in 2023. He also serves on the board of Cengage Group. Mahidhar replaces Susan Arthur, a director since 2020, who stepped down from the Rackspace Board to focus on other responsibilities.

“The Rackspace Board thanks David and Susan for their indispensable guidance and leadership over the years, and I wish them success going forward,” said Benjamin. “I want to welcome Vikram, who brings a wealth of executive leadership and artificial intelligence expertise and look forward to continuing to accelerate Rackspace’s AI journey.” 

The Company also announced that Brian Lillie, President of Private Cloud, will be moving on from his position to focus on personal commitments. Rackspace Chief Executive Officer Amar Maletira will assume the role of Interim Leader for the Private Cloud business. The Company has initiated a search for Lillie’s successor. Lillie is expected to remain with the Company in an advisory capacity until April 5, 2025.

“I would like to thank Brian for his leadership over the past two years in laying the product, technology, and organizational foundations for growth and profitability in our Private Cloud business. I am grateful for his partnership and contributions, and wish him the best in his future endeavors,” said Maletira. “I’m thrilled with our sales performance as we closed fiscal year 2024 on a high note, achieving record-breaking quarterly sales bookings in the fourth quarter at the company level—the highest since the inception of our two business units at the start of fiscal 2023. The company’s fourth-quarter bookings demonstrated impressive high double-digit growth, both year-over-year and sequentially.”

Outlook
Concurrently with the foregoing announcement, Rackspace Technology reaffirms its financial guidance for the fourth quarter 2024, as provided in a press release issued on November 12, 2024.

About Rackspace Technology
Rackspace Technology is a leading end-to-end multicloud technology solutions company. We can design, build, and operate our customers’ cloud environments across all major technology platforms, irrespective of technology stack or deployment model. We partner with our customers at every stage of their cloud journey, enabling them to modernize applications, build new products, and adopt innovative technologies.

Forward-looking Statements
Rackspace Technology has made statements in this press release and other reports, filings, and other public written and verbal announcements that are forward-looking and therefore subject to risks and uncertainties. All statements, other than statements of historical fact, included in this press release are, or could be, “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 and are made in reliance on the safe harbor protections provided thereunder. These forward-looking statements relate to anticipated financial performance, management’s plans and objectives for future operations, business prospects, outcome of regulatory proceedings, market conditions, and other matters. Any forward-looking statement made in this press release speaks only as of the date on which it is made. We undertake no obligation to publicly update or revise any forward-looking statement, whether as a result of new information, future developments or otherwise. Forward-looking statements can be identified by various words such as “guidance,” “outlook,” “expects,” “intends,” “will,” “anticipates,” “believes,” “confident,” “continue,” “propose,” “seeks,” “could,” “may,” “should,” “estimates,” “forecasts,” “might,” “goals,” “objectives,” “targets,” “planned,” “projects,” and similar expressions. These forward-looking statements are based on management’s current beliefs and assumptions and on information currently available to management. Rackspace Technology cautions that these statements are subject to risks and uncertainties, many of which are outside of our control, and could cause future events or results to be materially different from those stated or implied in this press release, including among others, risk factors that are described in Rackspace Technology, Inc.’s Annual Reports on Form 10-K, Quarterly Reports on Form 10-Q, Current Reports on Form 8-K, and other filings with the Securities and Exchange Commission, including the sections entitled “Risk Factors” and “Management’s Discussion and Analysis of Financial Condition and Results of Operations” contained therein.

IR Contact
Sagar Hebbar
Rackspace Technology Investor Relations
ir@rackspace.com

PR Contact
Natalie Silva
Rackspace Technology Corporate Communications
publicrelations@rackspace.com

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The project will focus on two critical objectives that showcase the potential of GSI’s innovative architecture. First, GSI will determine the feasibility of integrating Gemini-II with AI models specifically tailored for the Army’s edge computing needs. This will involve a comprehensive assessment of operational challenges, optimization with the Gemini-II architecture, and establishing key performance metrics through detailed customer discovery and technical specifications for edge AI development.

The second objective centers on identifying and validating the most suitable AI algorithms for the Gemini-II platform. GSI will conduct in-depth research to select efficient edge AI models, develop a detailed integration plan, and evaluate performance metrics for low-latency and high-throughput applications of value in military environments.

“This contract with the U.S. Army represents a significant opportunity for GSI Technology to demonstrate the transformative potential of our compute-in-memory architecture for military applications,” said Lee-Lean Shu, CEO of GSI Technology. “Our Gemini-II platform offers substantial processing capabilities that can dramatically enhance the Army’s operational efficiency and situational awareness.”

The Gemini-II is second generation APU technology based on the GSI compute-in-memory architecture that processes data directly in memory structures, addressing critical challenges in advanced computing. By performing data processing directly in memory, the technology significantly reduces power consumption and bottleneck transfer latency while increasing overall processing capacity. The platform features two million-bit processors per chip, enabling parallel processing and real-time data handling in demanding operational scenarios.

Particularly noteworthy is the project’s focus on developing 1-bit Large Language Models (LLMs) for the U.S. Army that maintain high accuracy while providing exceptionally low power consumption and minimal latency. This innovation not only promises to benefit warfighters but also presents compelling application opportunities across multiple dual-use markets, including complex computer vision recognition, autonomous vehicle navigation and mobile data computation.

“The SBIR contract underscores GSI Technology’s commitment to pushing the boundaries of edge computing and AI technologies,” added Shu. “Addressing the U.S. Army’s need for robust AI capabilities that enhance situational awareness and decision making, GSI is positioning itself at the forefront of technological innovation in the defense and commercial computing sectors.”

ABOUT GSI TECHNOLOGY
Founded in 1995, GSI Technology, Inc. is a provider of semiconductor memory solutions. GSI’s resources are focused on bringing new products to market that leverage existing core strengths, including radiation-hardened memory products for extreme environments and Gemini-I, the associative processing unit designed to deliver performance advantages for diverse artificial intelligence applications. GSI Technology is headquartered in Sunnyvale, California, and has sales offices in the Americas, Europe, and Asia. For more information, please visit www.gsitechnology.com.

Forward-Looking Statements

The statements contained in this press release that are not purely historical are forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, including statements regarding GSI Technology’s expectations, beliefs, intentions, or strategies regarding the future. All forward-looking statements included in this press release are based upon information available to GSI Technology as of the date hereof, and GSI Technology assumes no obligation to update any such forward-looking statements. Forward-looking statements involve a variety of risks and uncertainties, which could cause actual results to differ materially from those projected. Examples of risks that could affect our current expectations include: those associated with the rapidly evolving markets for GSI Technology’s products and uncertainty regarding the development of these markets; intensive competition; delays or unanticipated costs that may be encountered in the development of Gemini-II platform and other new products based on our in-place associative computing technology; and the establishment of new markets and customer and partner relationships for the sale of our new in-place associative computing products. Further information regarding these and other risks relating to GSI Technology’s business is contained in the Company’s filings with the Securities and Exchange Commission, including those factors discussed under the caption “Risk Factors” in such filings.

Contacts:

Investor Relations:

Hayden IR
Kim Rogers
385-831-7337
kim@haydenir.com

Media Relations:

Finn Partners for GSI Technology
Ricca Silverio
415-348-2724
gsi@finnpartners.com

Company:

GSI Technology, Inc.
Douglas M. Schirle
Chief Financial Officer
408-331-9802

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Bectran, Inc., the platform dedicated to accelerating credit, collections and accounts receivable management, has redefined how businesses handle references. As pioneers behind credit process digitization and automation, Bectran’s Trade Reference Network offers an instant and nearly effortless way for organizations to compile and share references.

“We aim to continuously elevate the credit management experience overall,” says Louis Ifeguni, Bectran’s CEO. “By implementing the Trade Reference Network, Bectran offers a new, streamlined approach to references, making the collection and analysis of customer account information instant and automatic.”

Automatic Information Exchange

Credit departments frequently request customer references from other companies to get a snapshot of the customer’s credit worthiness. Putting that reference information together, however, has largely remained a slow and arduous manual process. Credit managers have to collect and organize all the customer’s information, calculate payment histories and compile past due summaries, and package the reference for sending — usually by mail or fax.

Each customer reference interrupts a credit manager’s other operations, and departments receiving multiple simultaneous reference requests a day see significant impacts to their overall efficiency.

Bectran has developed the Trade Reference Network to cut out the manual effort and operational slowdowns. The platform’s latest solution automates the collection, compilation and delivery of customer references, saving departments time and helping to keep their operations on track, no matter how many reference requests they get.

How It Works

What once took an average of 120 minutes to process manually — not including delays from physical delivery — now takes a credit department only 5 minutes with Bectran.

Companies leveraging Bectran for their credit and accounts receivable management, can seamlessly share trade reference information within the platform. When a reference is requested, credit managers can choose between two workflows: automated and manual.

• Automated approval workflows enable reference data to be calculated, compiled and sent instantly without additional officer review.
• Manual approvals: Credit managers retain more control over the data shared, with the option to review and approve summaries while still benefiting from automated data compilation.

When a company requests a trade reference outside the network, Bectran validates the company and verifies customer authorization. Credit managers can access completed authorization forms and approve them directly from their Bectran dashboard with one click.

Bectran’s Trade Reference System instantly gathers all relevant customer information, creating concise, easy-to-read summary reports for streamlined sharing. An audit log provides a detailed history of every trade reference transaction including approving officers, date of reference, vendor information and what summary information was shared, ensuring transparency and effective risk management.

“This Trade Reference Network will save businesses immense amounts of time,” says Ali Kidwai, Director of Product & Implementation at Bectran. “Organizations run more smoothly when the tedious process of finding and compiling customer information for references is taken care of automatically. The reference network ensures credit managers can focus more time on critical credit operations.”

About Bectran

Bectran is the premier SaaS platform for Finance Departments, akin to CRM for Sales. Trusted by diverse organizations, from SMEs to Fortune 500 companies, we streamline credit processing by over 98%, reducing credit defaults and collection costs. Many businesses rely on Bectran for efficient Accounts Receivable and Collections management, achieving up to 95% cost savings. With rapid onboarding in days, our platform is hailed by credit professionals as the future of credit management. Visit Bectran.com to learn more about financial solutions for your industry.

Contact
Lilly Filippov
Director of Product Marketing
Bectran, Inc.
PR@Bectran.com

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To participate in the call, please dial 1-877-407-3982 in the U.S. or 1-201-493-6780 for international approximately 10 minutes prior to the above start time and provide Conference ID 13751185. The call will also be streamed live via the internet at https://ir.gsitechnology.com/.

A replay will be available from January 30, 2025 at 7:30 p.m. Eastern Time through February 6, 2025 at 11:59 p.m. Eastern Time by dialing toll free for the U.S. 1-844-512-2921 or international 1-412-317-6671 and entering pin number 13751185. A webcast of the call will be archived on the Company’s investor relations website under the Events and Presentations tab.

ABOUT GSI TECHNOLOGY
GSI Technology is at the forefront of the AI revolution with our groundbreaking APU technology, designed for unparalleled efficiency in billion-item database searches and high-performance computing. GSI’s innovations, Gemini-I® and Gemini-II®, offer scalable, low-power, high-capacity computing solutions that redefine edge computing capabilities. GSI Technology is not just advancing technology; we’re shaping a smarter, faster, and more efficient future.

For more information, please visit www.gsitechnology.com.

Contacts:

Investor Relations:
Hayden IR
Kim Rogers
385-831-7337
kim@haydenir.com

Media Relations:
Finn Partners for GSI Technology
Ricca Silverio
415-348-2724
gsi@finnpartners.com

Company:
GSI Technology, Inc.
Douglas M. Schirle
Chief Financial Officer
408-331-9802

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

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Silver Spring, MD, Jan. 15, 2025 (GLOBE NEWSWIRE) — BTCS Inc. (Nasdaq: BTCS) (“BTCS” or the “Company”), a leader in blockchain infrastructure and technology, today announced the deployment of its Scaled Validator Implementation Plan. This strategic initiative is designed to drive revenue growth and improve margins, aligning with BTCS’s commitment to innovation and operational efficiency in the blockchain sector.

Over the past five months, BTCS has conducted an extensive due diligence process on Rocket Pool, a decentralized Ethereum-based liquid staking protocol. This evaluation included a thorough assessment of auditability, compliance, cybersecurity, infrastructure integrity, and potential business risks and rewards to ensure a secure and scalable validator implementation. As part of this comprehensive review, BTCS completed a pilot program and has now expanded to 320 validators participating in Rocket Pool’s liquid staking pool, marking a significant step in expanding the company’s validator node operations.

Potential Revenue Impact

According to internal analysis, BTCS projects vertically integrated validator revenue increases of up to 10%, boosting its position in the sector. This approach is designed to optimize the number of active validators and increase total revenue, reinforcing BTCS’s commitment to scaling operations efficiently and maximizing profitability.

Commitment to Diversification and Growth

BTCS plans to broaden its validator partnerships and diversify its technology providers to support long-term, scalable revenue growth. “This initiative represents a pivotal step toward our goal of scaling blockchain infrastructure to drive revenue growth,” said Charles Allen, CEO of BTCS. “Our comprehensive approach ensures we prioritize security, compliance, and performance at every stage. This initiative underscores our dedication to enhancing our operations while delivering value to our shareholders.”

About BTCS:

BTCS Inc. (Nasdaq: BTCS) is a U.S.-based blockchain infrastructure technology company currently focused on driving scalable revenue growth through its Ethereum blockchain infrastructure operations. BTCS has honed its expertise in Ethereum network operations, particularly in block building and validator node management. Its branded block-building operation, Builder+, leverages advanced algorithms to optimize block construction for on-chain validation, thus maximizing gas fee revenues. BTCS also supports other blockchain networks by operating validator nodes and staking its crypto assets across multiple proof-of-stake networks, allowing crypto holders to delegate assets to BTCS-managed nodes. In addition, the Company has developed ChainQ, an AI-powered blockchain data analytics platform, which enhances user access and engagement within the blockchain ecosystem. Committed to innovation and adaptability, BTCS is strategically positioned to expand its blockchain operations and infrastructure beyond Ethereum as the ecosystem evolves. Explore how BTCS is revolutionizing blockchain infrastructure in the public markets by visiting www.btcs.com.

Forward-Looking Statements:

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws, including statements regarding our ability to increase validator revenue by 10% and improve margins, increase total revenue, and deliver value to our shareholders. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. While the Company believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are based upon assumptions and are subject to various risks and uncertainties, including without limitation regulatory issues, unexpected issues with Builder+, unexpected issues with ChainQ, and the reluctance of validators to try or utilize our Builder+ product, as well as risks set forth in the Company’s filings with the Securities and Exchange Commission including its Form 10-K for the year ended December 31, 2023 which was filed on March 21, 2024. Thus, actual results could be materially different. The Company expressly disclaims any obligation to update or alter statements, whether as a result of new information, future events, or otherwise, except as required by law.

Investor Relations:
Charles Allen – CEO
X (formerly Twitter): @Charles_BTCS
Email: ir@btcs.com

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Event:       First Quarter 2025 Conference Call
Date:        Thursday, February 6
Time:        4:00 p.m. Central Time

The conference call webcast and an accompanying slide presentation will be available in the Investor Center of ESCO’s website. The slide presentation will be utilized during the call and will be posted on the website prior to the call. Participants may also access the webcast using this registration link.

For those unable to participate, a webcast replay will be available after the call in the Investor Center of ESCO’s website.

ESCO is a global provider of highly engineered products and solutions serving diverse end-markets. It manufactures filtration and fluid control products for the aviation, Navy, space, and process markets worldwide and composite-based products and solutions for Navy, defense, and industrial customers. ESCO is an industry leader in designing and manufacturing RF test and measurement products and systems; and provides diagnostic instruments, software and services to industrial power users and the electric utility and renewable energy industries. Headquartered in St. Louis, Missouri, ESCO and its subsidiaries have offices and manufacturing facilities worldwide. For more information on ESCO and its subsidiaries, visit the Company’s website at www.escotechnologies.com.        

SOURCE ESCO Technologies Inc.
Kate Lowrey, Vice President of Investor Relations, (314) 213-7277

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Recognition Highlights YPrime’s Commitment to Patient-Focused eCOA Innovation

MALVERN, Pa., Jan. 14, 2025 (GLOBE NEWSWIRE) — YPrime, the leading pioneer in clinical trial technology, today announced that Dr. Karl McEvoy, Vice President, eCOA and Patient Technologies, has been appointed Industry Co-Director of the Critical Path Institute eCOA Consortium for 2025.

McEvoy assumes the Co-Director role with over a decade of eCOA and clinical technology expertise, including driving YPrime’s focus on patient-centered data collection, streamlining processes that enhance clinical trial participation. In this role, he will collaborate with industry peers to develop standards, conduct research, design and deliver educational opportunities, and define the best practices for the electronic collection of COA and DHT-derived data.

“It’s a privilege to step into this position, and I take seriously our responsibility to both clinical trial participants and site personnel,” McEvoy stated. “I look forward to working alongside such respected colleagues to shape the future of eCOA, as we remain committed to raising the bar for clinical outcomes through innovation and user-centric solutions.”

Founded in 2011, the Electronic Clinical Outcome Assessment (eCOA) Consortium provides scientific leadership and best practice recommendations surrounding electronic data capture technologies and services that support the collection of patient-focused outcomes data in clinical trials.

“Karl’s leadership exemplifies YPrime’s dedication to designing cutting-edge technologies that address the needs of trial participants, site teams, and sponsors,” remarked Mark Maietta, President of YPrime. “His role as Industry Co-Director underscores our deep expertise and unwavering commitment to delivering world-class eCOA solutions that drive patient engagement and trial success.”

YPrime focuses on advancing science and health through faster, more flexible eCOA, IRT, patient engagement, and eConsent solutions. McEvoy is part of YPrime’s team of experts who have shaped the company’s eCOA into a fully configurable, no-code platform designed to meet the complex needs of modern clinical trials.

The YPrime eCOA platform leads in quality and operational efficiency, enabling 47% faster study startup than the industry average, with a 70.6% reduction in UAT findings during startup configurations and a 90.2% reduction in UAT findings in change order configurations.¹ With a robust data warehouse, sponsors gain critical insights and portfolio-wide analysis to inform decision-making and streamline trial management. Advanced compliance and site performance monitoring features support proactive risk management, while a unified portal and tablet interface provides a consistent, user-friendly experience. YPrime continues to advance clinical trials with flexible, scalable, and easy-to-use solutions—raising the bar for patient engagement and data accuracy in clinical research.

_____________________
¹ YPrime Quality Survey, October 2024.

About YPrime
YPrime simplifies clinical trials with eCOA, IRT, and eConsent solutions that combine speed, flexibility, and quality. The YPrime eCOA platform enhances patient compliance with an intuitive app and easy-to-use design, streamlines site workflows through a powerful eCOA portal, integrates seamlessly with connected devices, and supports sponsors with real-time dashboards for better decision-making. A pre-validated and configurable eCOA platform delivers study startup 47% faster than industry benchmarks, with AI-supported localization that accelerates globalization. Delivering ~50% faster IRT startup times, eConsent that drives engagement, and quality metrics 55% above industry standards, YPrime is trusted by top pharma leaders and emerging biotech companies alike. With nearly two decades of experience, solutions in 100+ languages, and support in 90+ countries, YPrime is your partner in solving for certainty. Visit www.yprime.com or email marketing@yprime.com.

Media Contact        
Terry Rehm
Head of Thought Leadership and Public Relations, YPrime
trehm@yprime.com
862-288-0329

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Total Current Operating Hash Rate (EH) about 4.98 EH/s and expected to grow to about 5.10 EH/s given new developments announced in early January 2025

Recently Executed 20 MW Digital Asset Colocation Agreement with New Enterprise-Grade Customer

Current Total Operating Capacity of 129 MW, expected to grow to 153 MW upon Ohio facility completion later in 2025

MIDLAND, Pa., Jan. 14, 2025 (GLOBE NEWSWIRE) — Mawson Infrastructure Group Inc. (NASDAQ: MIGI) (“Mawson” or “the Company”), a publicly-traded technology company focused on digital infrastructure platforms for artificial intelligence (AI), high-performance computing (HPC), and digital assets markets, today announced its unaudited business and operational update for December 2024.

Rahul Mewawalla, CEO and President said, “We are delighted with what has been a transformational 2024 year for the company and a great start to the new year 2025. During 2024 and early 2025, we delivered significant upgrades and advancements to our strategic, technological and operational capabilities, drove robust year-on-year and monthly revenue growth across our digital colocation business, acquired and signed several enterprise-grade customers, drove innovation and built what has become one of the largest digital colocation businesses amongst our publicly-traded peers, expanded into new market offerings such as artificial intelligence and high-performance computing in addition to digital assets, we have onboarded leaders and team members with expertise from technology companies like Amazon Web Services and Apple, we were featured in the Financial Times, Reuters, Newsweek, Forbes, Fast Company amongst others, and were recently invited by NASDAQ to ring the Closing Bell. I am truly grateful to the entire organization and ecosystem including our employees, customers and partners. We are looking forward to the year ahead and what we will together accomplish in 2025.”

Unaudited financial and operational highlights for December 2024:

• Digital Colocation Monthly Business Revenue was up 69% Y/Y, to about $4.49 million growing from $2.66 million in December 2023, and up 8% M/M growing from $4.18 million in November 2024.
• Total Monthly Revenue up 7% M/M to about $5.26 million from $4.9 million in November 2024.
• Monthly Energy Management Business Revenue was up 25% M/M from $0.33 million in November 2024 to $0.41 million in December 2024 and Digital Assets Mining Monthly Business Revenue was $0.36 million.
• Total Current Operating Hash Rate (EH) is about 4.98 EH/s (exahashes per second)
• Mawson recently signed a new digital colocation customer agreement with a NASDAQ-listed publicly traded company as a customer on January 3, 2025
  • Digital colocation services for 5,880 miners or approximately 20 MW at Mawson’s facilities, initial digital colocation customer agreement term is for 12 months, and the parties can extend upon mutual agreement.
  • Further strengthens Mawson’s position as a leading industry provider of digital infrastructure and colocation services in the attractive PJM market, which is North America’s largest competitive and deregulated wholesale power market.
  • Upon completion of this deployment, Mawson expects to operate and manage approximately 41,500 miners.
  • Combined Total Current Operating Hash Rate (EH) expected to increase to about 5.10 EH/s (includes colocation and self-mining across our facilities).¹
• Company also has an additional site in Ohio under development which is expected to add an initial 24 MW to the Company’s currently operating 129 MW across its sites, growing the Company’s total operating capacity to 153 MW, upon completion with further potential expansion of its hashrate.
• Mawson supports innovative, agile, efficient, and scalable approaches to AI infrastructure and compute, and invites AI/HPC ecosystem companies to discuss opportunities to collaborate on artificial intelligence, high-performance and accelerated computing solutions.

Conferences and Events Update

Mawson has planned for its CEO and President, Rahul Mewawalla, and members of management to join the following upcoming conferences and events. Please contact IR@Mawsoninc.com for further information.

• Pacific Telecommunications Council Annual Conference – January 19-22, 2025
• ROTH Capital Chat with CEO Event – January 29, 2025
• AGP Annual Virtual Technology Conference – February 12, 2025
• Northland Capital Markets Fireside Chat with CEO – February 27, 2025
• Data Center World – March 12-13, 2025
• 37th Annual ROTH Capital Conference – March 17-18, 2025
• NVIDIA GTC AI Conference – March 17-21, 2025
• Data Center Dynamics Connect – March 24-25, 2025
• Mining Disrupt – March 25-27, 2025
• InfraAI Global Summit – March 26-27, 2025

About Mawson Infrastructure

Mawson Infrastructure Group (NASDAQ: MIGI) is a technology company providing next-generation infrastructure platforms for AI, HPC, and digital assets. Our innovation, technology, and operational expertise enables us to operate and optimize digital infrastructure to accelerate the digital economy including artificial intelligence, high-performance computing solutions, and digital assets using a carbon-free energy approach.

For more information, visit: https://www.mawsoninc.com

CAUTIONARY NOTE REGARDING FORWARD-LOOKING STATEMENTS

Mawson cautions that statements in this press release that are not a description of historical fact are forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words referencing future events or circumstances such as “expect,” “intend,” “plan,” “anticipate,” “believe,” and “will,” among others. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. These forward-looking statements are based upon Mawson’s current expectations and involve assumptions that may never materialize or may prove to be incorrect. Actual results and the timing of events could differ materially from those anticipated in such forward-looking statements as a result of various risks and uncertainties, which include, without limitation, the possibility of Mawson’s need and ability to raise additional capital, the development and acceptance of digital asset networks and digital assets and their protocols and software, the reduction in incentives to mine digital assets over time, the costs associated with digital asset mining, the volatility in the value and prices of digital assets and cryptocurrencies, further or new regulation of digital assets, cryptocurrencies and AI, the evolution of AI and HPC market and changing technologies, the slower than expected growth in demand for AI, HPC and other accelerated computing technologies than expected, the ability to timely implement and execute on AI and HPC digital infrastructure, and the ability to timely complete the digital infrastructure build-out in order to achieve its revenue expectations for the periods mentioned. More detailed information about the risks and uncertainties affecting Mawson is contained under the heading “Risk Factors” included in Mawson’s Annual Report on Form 10-K filed with the SEC on April 1, 2024, and Mawson’s Quarterly Reports on Form 10-Q filed with the SEC on May 15, 2024, August 19,2024, November 14, 2024, and in other filings Mawson has made and may make with the SEC in the future. One should not place undue reliance on these forward-looking statements, which speak only as of the date on which they were made. Because such statements are subject to risks and uncertainties, actual results may differ materially from those expressed or implied by such forward-looking statements. Mawson undertakes no obligation to update such statements to reflect events that occur or circumstances that exist after the date on which they were made, except as may be required by law.

For more information, visit us at https://www.mawsoninc.com

LinkedIn: https://www.linkedin.com/company/mawsoninc/

Twitter: Mawson (@Mawsoninc) / X (twitter.com)

Facebook: Mawson Inc | Pittsburgh PA | Facebook

YouTube: https://www.youtube.com/c/MawsonInc

Vimeo: https://vimeo.com/mawsoninc

Investor Contact:
Investor Relations Team
IR@mawsoninc.com

Partnerships Contact:
Partnerships Team
Partnerships@mawsoninc.com

Media and Press Contact:
Media Relations Team
mediarelations@mawsoninc.com

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¹ Current Operating Hash Rate is based on the nameplate hash rate of the miners currently deployed

This press release was published by a CLEAR® Verified individual.

Disclaimer: The above press release comes to you under an arrangement with GlobeNewswire. TheTechOutlook.com takes no editorial responsibility for the same.

The post Mawson Infrastructure Group Inc. Announces Monthly Operational Update for December 2024 appeared first on The Tech Outlook.