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Cyngn Granted Extension for Continued Listing on Nasdaq

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MENLO PARK, Calif., Feb. 21, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN), today announced it has received an additional 180-day extension from Nasdaq to continue its listing on the Nasdaq Capital Market. The Company was given until August 19, 2024 to regain compliance with Nasdaq’s $1 minimum bid price per share requirement.

“We are pleased with the extension and express our appreciation to Nasdaq,” said Cyngn’s Chairman and Chief Executive Officer, Lior Tal. “We are fully committed to addressing the compliance issue identified by Nasdaq as we continue to execute our strategic plan and actively work towards maximizing shareholder value.”

About Cyngn

Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn’s self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce.

Cyngn’s DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.

Cyngn’s flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).

Find Cyngn on:

Website: https://cyngn.com

Twitter: http://twitter.com/cyngn

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

YouTube: https://www.youtube.com/@cyngnhq

Investor/Media Contact:

Bill Ong, bill@cyngn.com; 650-204-1551

FORWARD-LOOKING STATEMENTS:

This press release contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act and other securities laws. Words such as “expects,” “anticipates,” “intends,” “plans,” “believes,” “seeks,” “estimates” and similar expressions or variations of such words are intended to identify forward-looking statements. Forward-looking statements are not historical facts, and are based upon management’s current expectations, beliefs and projections, many of which, by their nature, are inherently uncertain. Such expectations, beliefs and projections are expressed in good faith. However, there can be no assurance that management’s expectations, beliefs and projections will be achieved, and actual results may differ materially from what is expressed in or indicated by the forward-looking statements. In addition, we cannot assure that any patent will issue as a result of a pending patent application or, if issued, whether it will issue in a form that will be advantageous to us. Forward-looking statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in the forward-looking statements. Forward-looking statements speak only as of the date the statements are made. The Company assumes no obligation to update forward-looking statements to reflect actual results, subsequent events or circumstances, changes in assumptions or changes in other factors affecting forward-looking information except to the extent required by applicable securities laws. If the Company does update one or more forward-looking statements, no inference should be drawn that the Company will make additional updates with respect thereto or with respect to other forward-looking statements. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.

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SOURCE Cyngn

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Anterix Announces Tom Kuhn as Chairman of the Board of Directors as Morgan O’Brien Retires After More Than 12 Years on the Board

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WOODLAND PARK, N.J., Dec. 30, 2024 /PRNewswire/ — Anterix (NASDAQ: ATEX) (“the Company”) announced today utility industry veteran Tom Kuhn as Chairman of the Anterix Board of Directors, effective January 1st, as the end of 2024 marks the anticipated retirement of Morgan O’Brien as Executive Chairman of the Anterix Board after more than 12 years with the Company. O’Brien will continue as an advisor.

“Anterix and our nation’s utilities have benefited greatly from Morgan’s tremendous leadership and counsel during his tenure and his impact on the Company cannot be overstated,” said Tom Kuhn, Vice Chairman of the Board. “I am honored to be named Chairman of the Board during this important time in the Company’s evolution and look forward to supporting the Company’s efforts to drive significant growth and value creation for the benefit of all Anterix stakeholders.” 

“Morgan has been a true thought leader in our industry. On behalf of the Board and management team, I want to extend our sincere gratitude to him for his steadfast leadership and innovative vision,” said Scott Lang, Anterix President and Chief Executive Officer. “I also want to congratulate Tom on his new role, and I look forward to working with him and the rest of the Board to realize the next chapter of the Company.”

“The last 12 years have been an amazing journey. As a result of the success Anterix has already achieved, the Company is well positioned to continue in its mission of transforming our nation’s energy sector with the power of connectivity,” said Morgan O’Brien. “I am confident that under the leadership of Scott Lang and Tom Kuhn, the Company will achieve great results.”

Kuhn has served on Anterix’s Board of Directors since January 2024 and prior to that spent more than thirty years as President and CEO of the Edison Electric Institute (“EEI”), the trade association representing U.S. investor-owned electric utilities.

O’Brien has served as an executive leader with the company for more than 12 years in roles spanning from President and CEO of the Company to Executive Chairman of its Board of Directors.

About Anterix Inc. 

At Anterix, we work with leading utilities and technology companies to harness the power of 900 MHz broadband for modernized grid solutions. Leading an ecosystem of more than 100 members, we offer utility-first solutions to modernize the grid and solve the challenges that utilities are facing today. As the largest holder of licensed spectrum in the 900 MHz band (896-901/935-940 MHz) throughout the contiguous United States, plus Hawaii, Alaska, and Puerto Rico, we are uniquely positioned to enable private LTE solutions that support cutting-edge advanced communications capabilities for a cleaner, safer, and more secure energy future. To learn more and join the 900 MHz movement, please visit www.anterix.com.

Shareholder Contact 

Natasha Vecchiarelli
Vice President, Investor Relations & Corporate Communications
Anterix
973-531-4397
nvecchiarelli@anterix.com

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SOURCE Anterix Inc.

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Capital Group Canada Announces Final Cash Distributions for the Capital Group Canada ETFs (CAPG, CAPI, CAPM, CAPW)

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TORONTO, Dec. 30, 2024 /CNW/ – Capital International Asset Management (Canada), Inc. (“Capital Group Canada”) today announced the final December 2024 cash distributions for the Capital Group Canada ETFs listed below.

Unitholders of record on December 30, 2024, will receive cash distributions payable on January 3, 2025. Please be advised that the distributions announced in this press release replace those stated in the December 19, 2024, press release for these funds.

Details of the “per unit” distribution amounts are as follows:

Capital Group Canada ETF

Ticker
symbol

Distribution
per unit ($)

CUSIP

ISIN

Payment
frequency

Capital Group Global Equity
Select ETF™ (Canada)

CAPG

0.003119

14021V107

CA14021V1076

Annually

Capital Group International
Equity Select ETF™ (Canada)

CAPI

0.017656

14021W105

CA14021W1059

Annually

Capital Group Multi-Sector
Income Select ETF™ (Canada)

CAPM

0.142857

14021Y101

CA14021Y1016

Monthly

Capital Group World Bond
Select ETF™ (Canada)

CAPW

0.109468

14021X103

CA14021X1033

Monthly

For more information on the Capital Group Canada ETFs, visit: www.capitalgroup.com/ca/en

About Capital Group

Capital International Asset Management (Canada), Inc. is part of Capital Group, a global investment management firm originating in Los Angeles, California. Since 1931, the Capital Group organization has been singularly focused on delivering superior results for long-term investors using high-conviction portfolios, rigorous research and individual accountability. As of September 30, 2024, Capital Group manages more than US$2.8 trillion in equity and fixed income assets for millions of individual and institutional investors around the world.

Capital Group manages equity assets through three investment groups. These groups make investment and proxy voting decisions independently. Fixed income investment professionals provide fixed income research and investment management across the Capital Group organization; however, for securities with equity characteristics, they act solely on behalf of one of the three equity investment groups.

Commissions, management fees and expenses all may be associated with investments in investment funds. Please read the prospectus before investing. Investment funds are not guaranteed, their values change frequently, and past performance may not be repeated.

SOURCE Capital Group Canada

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Bright Light Solutions and 365 Retail Markets Announce Strategic Partnership

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Collaboration Paves the Way for Industry-Leading Innovation

TROY, Mich., Dec. 30, 2024 /PRNewswire/ — Bright Light Solutions (BLS) and 365 Retail Markets today announced a strategic partnership to drive innovation and deliver transformative solutions to the market. This collaboration leverages the combined expertise of BLS Engineering and 365 Engineering, led by Anton Rakushkin, to develop cutting-edge technologies that will redefine industry standards.

BLS and 365 look forward to engaging in this partnership and are confident it will yield significant success and deliver substantial value to both companies and our customers.

About Anton Rakushkin
Mr. Rakushkin, founder of BLS, brings twenty years of experience in retail technology to 365 Retail Markets, including time with Streamware Corporation and Crane Connectivity Solutions. He holds impressive accomplishments in the areas of vending management, including the architecture of Vendmax, an extensively used VMS system across the industry. His achievements also include innovations around data exchange and tools for operator success such as industry-first pre-kit and dynamic scheduling features. Rakushkin has had notable success working closely with both customers and other solution providers to create widely adopted industry standards.

CONTACT:   
Navreet Gill
VP of Marketing & Communications, 365 Retail Markets
navreet.gill@365smartshop.com

About 365 Retail Markets
365 Retail Markets is the global leader in unattended retail technology. Founded in 2008, 365 provides a full suite of best-in-class, self-service technologies for food service operators including end-to-end integrated SaaS software, payment processing and point of-sale hardware. Today, the company’s technology solutions autonomously power food retail spaces at corporate offices, manufacturing and distribution facilities, hospitality settings and more, in order to provide compelling foodservice options for consumers. 365’s technology solutions include a growing suite of frictionless smart stores, micro markets, vending, catering, and dining point-of-sale options to meet the expanding needs of its customers. 365 continuously pioneers innovation in the industry with superior technology, strategic partnerships and ultimate flexibility in customization and branding.  

For more information about 365 Retail Markets, visit www.365retailmarkets.com and connect on Facebook, Twitter, YouTube, and LinkedIn 

View original content to download multimedia:https://www.prnewswire.com/news-releases/bright-light-solutions-and-365-retail-markets-announce-strategic-partnership-302340415.html

SOURCE 365 Retail Markets, LLC

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