Day: September 29, 2022

Company Expects to be Publicly Trading in Early Q4 Under Symbol “ILLR”

LOS ANGELES, Sept. 29, 2022 (GLOBE NEWSWIRE) — Triller Inc.(“Triller”) and GEM Global Yield LLC SCS (“GGY”) today announced a binding $310 million investment from GEM, the Luxembourg based private alternative investment group, in the form of a share subscription facility. Under the agreement, GEM will provide Triller with up to $310 million in equity capital for a 36-month term following a public listing of Triller’s common stock.

Triller will not be obligated to draw the full $310 million but can do so in part or in whole at its discretion. Triller will control both the timing and amount of all drawdowns and will issue stock to GEM on each drawn down from the facility. Triller will also issue warrants to GEM, further aligning the interests of the companies.

Triller filed its private S-1 with the U.S. Securities and Exchange Commission last month and is submitting what it anticipates being the final S-1 concurrently with the closing of this facility. The expectation is that trading will commence in early Q4 2022.

“Triller has been growing tremendously,” said Mahi de Silva, CEO and Chairman of Triller. “At our inception in 2019, we were a zero-revenue company; now we are on track to break $100 million in revenue this year. The Triller app has been downloaded more than 350 million times, and the company works with dozens of the world’s largest brands and thousands of top artists, disrupting the entire creator community.”

Triller has 10 business lines, eight of which are at break-even or profitable, and effectuates 750 million interactions per quarter, each of which is a potential monetizable transaction for the company in the future.

With the capital infusion from GEM, Triller will be able to make additional acquisitions to strengthen its toolbox for the creator community and reach breakeven or profitability in the short-term. Assuming it draws upon the full $310 million equity facility, Triller will have raised more than $600 million dollars and, upon its IPO, will be virtually debt free.

“Triller is breaking all the rules of the closed garden systems. It is challenging the way the old establishment takes advantage of creators and users by keeping 99 percent of the money within the system for itself,” said De Silva. “The reason the industry is so set on MAU, DAU and the like is that is how much time someone spends within one company’s particular closed garden and means that the social networks ‘own’ the user, revenue, brand and information.

“Triller breaks that system wide open. As an open garden, our goal is to put the power back in the hands of the creators and users, allowing creators and brands to connect directly. We provide tools to maximize those connections and how well each can be monetized. In addition, looking at the number of interactions we facilitate helps us to forecast future revenue since each one of those is a potential transaction fee for us.”

About Triller Inc.

Triller is the AI-powered open garden technology platform for creators. Pairing music culture with sports, fashion, entertainment, and influencers through a 360-degree view of content and technology, Triller encourages its influencers to post the content created on the app across different social media platforms and uses proprietary AI technology to push and track their content virally to affiliated and non-affiliated sites and networks, enabling them to reach millions of additional users. Triller additionally owns VERZUZ, the live-stream music platform; combat sports brands Triller Fight Club, Triad Combat and BKFC; Amplify.ai, a leading customer engagement platform; FITE.tv, a premier global PPV, AVOD, and SVOD streaming service; Thuzio, a leader in B2B premium influencer events and experiences; Fangage, a platform for creators to engage fans and monetize content and Julius, a platform for brands and agencies to harness creators for social engagement and social commerce.

About GEM
Global Emerging Markets (“GEM”) is a $3.4 billion, Luxembourg based private alternative investment group with offices in Paris, New York and The Bahamas. GEM manages a diverse set of investment vehicles focused on emerging markets and has completed over 530 transactions in over 70 countries. Each investment vehicle has a different degree of operational control, risk-adjusted return, and liquidity profile. The family of funds and investment vehicles provide GEM and its partners with exposure to: Small-Mid Cap Management Buyouts, Private Investments in Public Equities and select venture investments. For more information: http://www.gemny.com

Tony Freinberg
President, Edendale Strategies
tony@edendalestrategies.com
(310) 614-1435

Berkshire, England, Sept. 29, 2022 (GLOBE NEWSWIRE) — AAR (NYSE: AIR) subsidiary Airinmar, a leading independent provider of component repair cycle management and aircraft warranty solutions, signed a new services agreement with Philippines-based low-cost carrier Cebu Pacific.

Airinmar will provide Cebu Pacific with a full suite of support services covering both aircraft warranty management and value engineering. Warranty management services will include the identification, claim, and recovery of the multiple airframe, engine, and component warranty entitlements provided by airframe manufacturers and their suppliers. Value engineering services will include cost oversight to ensure compliance with Cebu’s contracted component repairs and to minimize component out-of-scope flight-hour repair charges. The services provided by Airinmar will complement Cebu’s current materials management activities and will focus on maximizing the recovery of Cebu’s warranty entitlements and reducing the cost of component repair.

“Airinmar’s well regarded warranty management and value engineering services and ability to deliver cost savings and credit recovery will support effective management of our maintenance spend as we expand our fleet of aircraft,” said Shevantha Weerasekera, Senior Advisor / Vice President, Engineering and Maintenance for Cebu. “Airinmar’s ability to customize its solutions to our business needs will enable us to relentlessly pursue new ideas and better solutions.”

“We are proud to provide Airinmar services and look forward to delivering results to Asia’s oldest low-cost carrier,” said Matt Davies, General Manager of Airinmar. “With 77 aircraft in service and a further 49 on order, we are excited to contribute to Cebu Pacific’s growth and success over the coming years.”

For more information on Airinmar’s industry-leading solutions, visit aarcorp.com/airinmar/.

About Airinmar
Airinmar has supported airlines, MROs, OEMs, helicopter operators, and military programs for more than 35 years through the delivery of its tailored component repair and warranty management support services, which deliver reduced repair expenditure, improved component availability, and enhanced operational efficiencies. Airinmar is a subsidiary of global aviation aftermarket leader AAR (NYSE: AIR). Additional information can be found at aarcorp.com/airinmar/.

About AAR
AAR is a global aerospace and defense aftermarket solutions company with operations in over 20 countries. Headquartered in the Chicago area, AAR supports commercial and government customers through two operating segments: Aviation Services and Expeditionary Services. AAR’s Aviation Services include Parts Supply; OEM Solutions; Integrated Solutions; and Maintenance, Repair, and Overhaul (MRO) Services. AAR’s Expeditionary Services include Mobility Systems operations. Additional information can be found at aarcorp.com.

About Cebu Pacific
Cebu Pacific (PSE: CEB) entered the Philippine aviation industry 26 years ago and is now the largest airline in the country with its “low fare, great value” strategy. It offers the widest network in the Philippines, with flights spanning Asia and the Middle East. One of the youngest fleets in the world, its 77-strong aircraft fleet is composed of Airbus and ATR aircraft, which includes its two ATR freighters. For more information visit www.cebupacificair.com.

This press release contains certain statements relating to future results, which are forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995 which reflect management’s expectations about future conditions. Forward-looking statements may also be identified because they contain words such as ‘‘anticipate,’’ ‘‘believe,’’ ‘‘continue,’’ ‘‘could,’’ ‘‘estimate,’’ ‘‘expect,’’ ‘‘intend,’’ ‘‘likely,’’ ‘‘may,’’ ‘‘might,’’ ‘‘plan,’’ ‘‘potential,’’ ‘‘predict,’’ ‘‘project,’’ ‘‘seek,’’ ‘‘should,’’ ‘‘target,’’ ‘‘will,’’ ‘‘would,’’ or similar expressions and the negatives of those terms. These forward-looking statements are based on beliefs of Company management, as well as assumptions and estimates based on information currently available to the Company, and are subject to certain risks and uncertainties that could cause actual results to differ materially from historical results or those anticipated. For a discussion of these and other risks and uncertainties, refer to “Risk Factors” in our most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q. Should one or more of these risks or uncertainties materialize adversely, or should underlying assumptions or estimates prove incorrect, actual results may vary materially from those described. These events and uncertainties are difficult or impossible to predict accurately and many are beyond the Company’s control. The Company assumes no obligation to update any forward-looking statements to reflect events or circumstances after the date of such statements or to reflect the occurrence of anticipated or unanticipated events.

Attachment

• Cebu Pacific image

Media Team
AAR CORP.
+1-630-227-5100
editor@aarcorp.com

Longtime customer Alaska Airlines invests in company

ATLANTA, Sept. 29, 2022 (GLOBE NEWSWIRE) — Volantio, an Atlanta-based technology startup, today announced the successful completion of its $6 million Series A raise led by DiamondStream Partners, an aviation and aerospace venture capital firm, with participation from Alaska Airlines and follow-on investments from JetBlue Ventures, IAG, Amadeus Ventures, and Ingleside Investors. The company plans to use the capital to rapidly scale its global team and invest in product development.

Volantio’s market-leading platform “GreenLeaf” uses machine learning to address optimization challenges for fixed-capacity industries, which today represent over $5.7 trillion in revenue globally. One strong use case for this type of technology lies within the aviation industry: GreenLeaf shifts demand from flights that are close to selling out to others with more space available — increasing revenue, lifting asset utilization, and improving the experience for both customers and front-line airline staff.

The company has more than tripled its customers in the last two years, and has recently expanded into the live events industry through a first-of-its-kind partnership with Disney Theatrical Group.

“Volantio has already delivered well over $20 million in annual benefit to Alaska Airlines, and that number continues to grow,” said Shane Tackett, Alaska Airlines’ CFO. “Our guests and front-line staff alike love the product. Just as revenue management companies transformed fixed-capacity industries 30 years ago, Volantio’s platform is having a similar impact today. This technology will be industry-standard functionality within the next three to five years, and we’re so excited to be both an early adopter and an early investor in the company.”

“Volantio’s technology represents a revolutionary ability to maximize our clients’ revenue while also benefiting their end consumers: the ultimate win-win,” said Azim Barodawala, Volantio’s co-founder and CEO. “We appreciate the belief our clients and investors have shown in our market-leading platform, and we are excited to deploy this capital to further scale our transformative solution globally in the years to come.”

About Volantio: Founded in 2014 by Azim Barodawala and Fenn Bailey, Volantio addresses revenue and capacity optimization challenges for capacity-constrained industries, which represent over $5.7 trillion in value globally. The company today works with over 18 airlines worldwide along with Disney Theatrical Group, and has received investment from some of the largest names in travel, including Alaska Airlines, Qantas, IAG, JetBlue, and Amadeus.

Contact Information:
Emily Dykes
Senior Manager of Marketing and Communications
emily.dykes@volantio.com
205- 370-7589

Related Images

Image 1: Volantio Office

Main office door with Volantio logo

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• Volantio Office

New Jersey-based lender prepares company-wide launch of Nexus Origination to enhance its customer-focused mortgage experience and award-winning internal culture

LEHI, Utah, Sept. 29, 2022 (GLOBE NEWSWIRE) — SimpleNexus (https://simplenexus.com/), an nCino (NASDAQ: NCNO) company and developer of the leading U.S. homeownership platform for loan officers, borrowers, real estate agents and settlement agents, announced today that EMM Loans has chosen SimpleNexus’ Nexus Engagement and Nexus Origination to power an electronic mortgage experience, attract and retain top talent and garner more business for its retail, wholesale, correspondent and consumer direct lending channels.

Founded in 2004, EMM Loans is a New Jersey-based lender offering private, direct and affordable mortgage loans. With 91 loan officers licensed in 38 states, EMM Loans provides best-in-class customer service using innovative technology. EMM Loans selected SimpleNexus to streamline its homebuyer experience, attract new business and drive referrals from real estate professionals.

EMM Loans will leverage SimpleNexus as a recruiting and retention tool, using its mobile lead engagement tool, Nexus Engagement, and its from anywhere point-of-sale (POS) platform, Nexus Origination, to support collaboration with real estate agents and deliver a better borrower experience. SimpleNexus integrates with EMM Loans’ core technology stack, including its loan origination system (LOS), market analytics and product pricing engine (PPE) and customer relationship management (CRM) platform.

“At EMM Loans, we support our expert team by giving them the innovative tools they need to attract more business and build lasting relationships,” said EMM Loans Senior Vice President Brad Miller. “SimpleNexus creates some of the strongest digital homebuying tools for mortgage lenders. Adopting its technology will allow our loan originators and real estate partners to provide a streamlined homebuying journey that converts more borrowers and wins customers for life.”

“SimpleNexus is thrilled to partner with EMM Loans, a mortgage lender that cares about the experience of its team members and the communities it serves,” said SimpleNexus CEO Ben Miller. “We look forward to the opportunity to support the exemplary service and award-winning company culture that EMM Loans is known for.”

About SimpleNexus
SimpleNexus, an nCino (NASDAQ: NCNO) company, is an award-winning developer of mobile-first technology for the modern mortgage lender. U.S. lenders depend on our namesake homeownership platform to unite the people, systems and stages of the mortgage process into a seamless, end-to-end solution that spans engagement, origination, closing and business intelligence. By helping lenders manage their teams and stay connected with borrowers and real estate professionals, we deliver a measurable return on investment in the form of reduced turn times, increased loan application submissions and more referral business. A four-time Inc. 5000 company, SimpleNexus has been recognized as one of the world’s Best Workplaces for Innovators. For more information, visit https://www.simplenexus.com or follow @SimpleNexus.

Media Contacts
Leslie Colley
DepthPR for SimpleNexus
+1 678.622.6229
leslie@depthpr.com

David Bolin
SimpleNexus
+1 414.688.6077
dbolin@simplenexus.com

Safe Harbor Statement
This press release contains forward-looking statements within the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. Forward-looking statements generally include actions, events, results, strategies and expectations and are often identifiable by use of the words “believes,” “expects,” “intends,” “anticipates,” “plans,” “seeks,” “estimates,” “projects,” “may,” “will,” “could,” “might,” or “continues” or similar expressions. Any forward-looking statements contained in this press release are based upon nCino’s historical performance and its current plans, estimates, and expectations, and are not a representation that such plans, estimates, or expectations will be achieved. These forward-looking statements represent nCino’s expectations as of the date of this press release. Subsequent events may cause these expectations to change and, except as may be required by law, nCino does not undertake any obligation to update or revise these forward-looking statements. These forward-looking statements are subject to known and unknown risks and uncertainties that may cause actual results to differ materially including, among others, risks and uncertainties relating to the market adoption of our solution and privacy and data security matters. Additional risks and uncertainties that could affect nCino’s business and financial results are included in reports filed by nCino with the U.S. Securities and Exchange Commission (available on our web site at www.ncino.com or the SEC’s web site at www.sec.gov). Further information on potential risks that could affect actual results will be included in other filings nCino makes with the SEC from time to time.

Cloud-based surveillance technology from Nasdaq to underpin DBS’ market abuse detection efforts

NEW YORK, Sept. 29, 2022 (GLOBE NEWSWIRE) — Nasdaq (Nasdaq: NDAQ) and DBS, a leading financial services group in Asia and Southeast Asia’s largest bank, announced today that DBS will leverage Nasdaq Trade Surveillance technology to advance its surveillance and market integrity efforts. Nasdaq’s Trade Surveillance solutions will enable DBS to enhance its abilities to analyze comprehensive market abuse surveillance scenarios and patterns and detect trading anomalies across equities and derivatives markets as well as OTC FX markets.

The technology will provide DBS with a consolidated, flexible, and user-friendly view to manage and monitor market conduct across multiple trading venues and asset classes, while enabling DBS’ trade surveillance team to detect, investigate, and document a wide array of market abuse behaviors through alerts that can be tailored to subsets of the market and asset classes. Used across institutional segments, the technology will enhance DBS’ ability to detect and respond swiftly to potential risks of market abuse and help analysts optimize their time spent. The SaaS-deployed technology solution widely used by regulators, exchanges and banks worldwide can effectively detect patterns of market abuse behaviors with over 200 tailored alerts.

“The confidence that markets and our clients have in DBS as a safe and trusted banking group is anchored in our ability to detect and respond to anomalous activity, which in turn calls for a robust surveillance and prevention infrastructure,” said Ko Chin Siong, Chief Operating Officer for DBS Vickers, the brokerage arm of DBS. “Nasdaq’s solutions add to the suite of cutting-edge technologies DBS deploys to enhance our surveillance capabilities at all levels, and will enable us to better protect our clients’ interest.”

“DBS will leverage Nasdaq’s cutting-edge robust technology as they seek to advance its surveillance capabilities to protect its clients from market abuse,” said Valerie Bannert-Thurner, Senior Vice President of Anti-Financial Crime Technology, Nasdaq. “They join a growing community of leading financial institutions, and retail brokerage firms specifically, across the region and beyond that leverage Nasdaq’s surveillance technology trusted by regulators to help track suspicious activities across markets and asset classes, and ultimately safeguard investors worldwide. We look forward to partner with DBS as they grow their business and evolve its market integrity efforts.”

Nasdaq’s end-to-end market technology powers more than 2,300 companies in 50 countries, spanning the world’s financial industry, including capital markets infrastructure operators, market participants, banks, and regulators.

About Nasdaq
Nasdaq (Nasdaq: NDAQ) is a global technology company serving the capital markets and other industries. Our diverse offering of data, analytics, software and services enables clients to optimize and execute their business vision with confidence. To learn more about the company, technology solutions and career opportunities, visit us on LinkedIn, on Twitter @Nasdaq, or at www.nasdaq.com.

About DBS
DBS is a leading financial services group in Asia with a presence in 18 markets. Headquartered and listed in Singapore, DBS is in the three key Asian axes of growth: Greater China, Southeast Asia and South Asia. The bank’s “AA-” and “Aa1” credit ratings are among the highest in the world.

Recognised for its global leadership, DBS has been named “World’s Best Bank” by Euromoney, “Global Bank of the Year” by The Banker and “Best Bank in the World” by Global Finance. The bank is at the forefront of leveraging digital technology to shape the future of banking, having been named “World’s Best Digital Bank” by Euromoney and the world’s “Most Innovative in Digital Banking” by The Banker. In addition, DBS has been accorded the “Safest Bank in Asia” award by Global Finance for 14 consecutive years from 2009 to 2022.

DBS provides a full range of services in consumer, SME and corporate banking. As a bank born and bred in Asia, DBS understands the intricacies of doing business in the region’s most dynamic markets. DBS is committed to building lasting relationships with customers, and positively impacting communities through supporting social enterprises, as it banks the Asian way. It has also established a SGD 50 million foundation to strengthen its corporate social responsibility efforts in Singapore and across Asia.

With its extensive network of operations in Asia and emphasis on engaging and empowering its staff, DBS presents exciting career opportunities. For more information, please visit www.dbs.com.

Media Contacts

Nasdaq
Yan-yan Tong
yan-yan.tong@nasdaq.com
+1 240 721 80 66

DBS
Tim Mou Hui
Vice President, Group Strategic Marketing & Communications, DBS
mouhuitim@dbs.com

NDAQG

 

The acquisition of Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co. further solidifies EV Technology Group’s mission of electrifying iconic brands

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, OTCQB: EVTGF, DE: B96A) announces that it has completed its acquisition of 1000310362 Ontario Inc. (the “Target”), previously announced by the Company on September 16, 2022 (the “Acquisition”). The Target holds a portfolio of intellectual property including iconic brands Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co.

EV Technology Group has a strategy of acquiring iconic, well loved automotive brands and then electrifying them for the future of motoring. This strategic Acquisition expands the portfolio of brands under EV Technology Group’s control and represents major potential to expand the future landscape of electric motoring. The brands in today’s Acquisition represent the epitome of world-class design and heritage, giving EV Technology Group the ability to leverage on existing brand value, and offer unique luxury EVs, with existing charm and heritage, to customers across the globe. The brands in the Acquisition include:

Marazzi, Fantuzzi, Brewster & Co and Officine Stampaggi Industriali – joining the EV Technology Group portfolio of strategic brands

Fantuzzi
Fantuzzi was founded in 1939 by Medardo Fantuzzi, an automotive engineer, in Modena Italy. Medardo and his brother Gino Fantuzzi were involved in building the Maserati A6GCS, Maserati 350S and Maserati 200S during the 1940’s and 1950’s. Medardo went on to work for Ferrari until 1966, where he became known for building bespoke low-production performance cars including the Ferrari Tipo 156 “sharknose” Fantuzzi, additionally working for De Tomaso, Scuderia Serenissima, AMS and Techno, emblematic designs that are still cherished today.

Marazzi
Marazzi was founded by Carlo Marazzi and his two sons, Serafino and Mario in 1967, in Milan Italy. Marazzi first completed the Lamborghini 400GT 2+2 series, followed by a series of 125 Lamborghini Islero, and the first few of the Lamborghini Jarama. Then came the beautiful Alfa Romeo 33 Stradale.

Officine Stampaggi Industriali
Officine Stampaggi Industriali (OSI) was founded in 1960, by Luigi Segre, former president of Carrozzeria Ghia, and Arrigo Olivetti from Fergat. OSI was based in Turin Italy and was a short-lived company that produced custom built vehicles based on Alfa Romeo, Fiat and Ford. Although production was short, OSI made a lasting impression in the automotive industry, renowned for the conception of the 1960 Innocenti 950 Spider and the Ford 20M TS Coupé, few of which are still around today.

Brewster & Co
Brewster & Company dates back to 1810, when James Brewster quickly formed a reputation as America’s premier carriage maker. Brewster then went on to work on automobiles, with the first being ahead of the times with an electric car based on a gas-powered Delaunay-Belleville chassis in 1905. The Company was well-recognised in America as a supreme coachbuilder for a variety of vehicles, with an on-off relationship with Rolls-Royce. Brewster & Co paved its way in the bespoke vehicle industry, winning numerous awards.

In connection with the Acquisition, EV Technology Group issued a total of 1,950,000 common shares of the Company (the “Payment Shares”) to Mr. Mark Stubbs, the shareholder of the Target, and to PrivCap Group LLC in exchange for all of the issued and outstanding shares of the Target.

Wouter Witvoet, CEO of EV Technology Group said, “The completion of this Acquisition brings four incredible brands into our strategic portfolio. The legendary brands of Officine Stampaggi Industriali, Fantuzzi, Marazzi and Brewster & Co will sit alongside the MOKE as we work to develop the future of the electric vehicle industry – defined by well-loved brands.”

EV Technology Group
EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to: the closing of the Transaction and EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

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 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 news 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. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/c33dcdc4-04ca-47f7-b21a-268eb8bd6032

The partnership integrates Sophi.io’s AI technology into Eidosmedia’s editorial platform, bringing seamless ML-powered print laydown automation to Eidosmedia customers

TORONTO, Sept. 29, 2022 (GLOBE NEWSWIRE) —  Eidosmedia, a developer of digital publishing solutions for leading news-media groups worldwide, has partnered with Sophi.io, an AI-powered automation, optimization and prediction platform developed by The Globe and Mail, to bring seamless print laydown automation to Eidosmedia customers.

The solution brings the entire print page layout process down from hours to just minutes, without the use of templates. Publishers can dramatically improve productivity and cut costs, all within the Méthode platform they currently use.

“The complexity of print page layouts has until now defied the easy automation that speeds the publishing of online formats,” said Marco Cetola, Eidosmedia Sales and Partner Program Director. “For our customers, especially large regional groups and national titles, print editions continue to be a major source of revenue. There’s intense interest in ways to cut production times and costs in this important publishing channel.”

“The fit between our print edition building routines and Sophi’s AI engine turned out to be very good,” said Marco. “We were quickly able to start training the pagination model on existing layouts, and we had the first results in a matter of days”.

“The productivity boost obtained is exceptional,” said Marco, “especially for daily publications where the page-design operation is usually running against the clock.” In fact, a typical 32-page print edition can be paginated in minutes compared to several hours for a manual operation.

Sophi-powered print automation is different than other print production solutions in that it is completely template-free. It uses smart AI to ensure that a publisher’s printed pages look and feel as though they were produced by experienced editors and page designers. Each page is designed from scratch following each individual brand’s design vocabulary. The final output is a print-ready PDF or InDesign file that’s ready in minutes.

Among those who stand to benefit from the new technology are page designers themselves. Page designers have been under pressure for some time to increase their productivity as publishers try to cut costs. With fewer hands to lay out growing numbers of pages, the designer’s job has in many cases become a stressful race against time. The automation engine will take routine tasks off their hands so they can devote more time to the front pages, features and special layouts where their creativity can really add value.

“Page automation is the greatest innovation in the publishing industry since the personal computer replaced typewriters,” said Marco.

Gabe Gonda, VP at Sophi.io, commented: “Sophi is delighted to be entering a partnership with Eidosmedia to deliver our print automation technology through the Méthode platform. Eidosmedia is a first-class CMS vendor with deep knowledge of its clients’ evolving needs. This partnership will help deliver a unique and high-value solution to some of the best newspaper publishers in the world.”

About Eidosmedia

Eidosmedia (www.eidosmedia.com) is a global leader in content management and digital publishing. Eidosmedia solutions are used by news-media organizations throughout the world to create and deliver portfolios of news products ranging from advanced digital formats to traditional newspapers and magazines.

About Sophi Inc.

Sophi.io (https://www.sophi.io) was developed by The Globe and Mail to help content publishers make important strategic and tactical decisions. It is a suite of AI and ML-powered automation, optimization and prediction solutions that include Sophi Site Automation, Sophi for Paywalls and Sophi for First Party Data. Sophi also powers one-click automated laydown of template-free print publishing. Sophi is designed to improve the metrics that matter most to your business.

Contact Us

Marco Cetola
Sales and Partner Program Director
Eidosmedia SpA
marco.cetola@eidosmedia.com
+390236732202

Jamie Rubenovitch
Head of Marketing
Sophi Inc.
jrubenovitch@globeandmail.com
416-585-3355