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Sify Technologies Ltd. Rights Offering Over-Subscribed

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CHENNAI, India, June 28, 2024 /PRNewswire/ — Sify Technologies Ltd. (Nasdaq: Sify) (the “Company”), a leading integrated information communications technology (or ICT) Solutions and Services provider in India, today announced that its recent rights offering was over-subscribed.

The subscription period for the equity share rights expired at 6:00 p.m. (Chennai, India time) on June 21, 2024. The subscription period for the American Depositary Share (“ADS”) rights expired at 2:15 p.m. New York Time on June 21, 2024. Subscription rights that were not exercised prior to the end of the subscription period have expired. Any excess subscription payments received which remain with the Company or Citibank, N.A., acting as ADS Rights Agent, will be returned to the applicable holders.

The Company expects to issue an aggregate of 190,268,698 equity shares and 59,730,265 ADSs (each representing one equity share) pursuant to the exercise of subscription rights during the rights offering, raising gross proceeds of approximately $30 million before any expenses of the rights offering. Following the issuance of the new equity shares and ADSs, the Company will have 433,331,423 equity shares outstanding, including equity shares represented by ADSs (and which includes the 13,262,908 ADSs to be issued as part of the over-subscription right). The net proceeds of the rights offering are expected to be used for expansion of the business for developing Network Centric Services, Data Center services, Digital Services and for general corporate purposes.

The 13,262,908 ADSs to be issued as part of the over-subscription right were allocated on a pro-rata basis among rights holders who exercised their over-subscription rights based on the number of additional equity shares or ADSs each rights holder subscribed for pursuant to its over-subscription right.

Delivery of the new equity shares subscribed for in the rights offering is expected to be made on or about July 5, 2024. Delivery of the new ADSs subscribed for in the rights offering is expected to be made on or about July 9, 2024.

Other Important Information

A prospectus relating to the rights offering was filed with the Securities and Exchange Commission on June 3, 2024 and is available on the website of the SEC at www.sec.gov.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy, nor shall there be any sale of these securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction.

Safe Harbor Statement

This release contains certain “forward-looking statements” relating to the Company and its business. These forward-looking statements are often identified by the use of forward-looking terminology such as “expects”, “intends”, “will”, or similar expressions. Such forward looking statements involve known and unknown risks and uncertainties that may cause actual results to be materially different from those described herein as expected, intended or planned. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (www.sec.gov). All forward-looking statements attributable to the Company or to persons acting on its behalf are expressly qualified in their entirety by these factors other than as required under the securities laws. The Company does not assume a duty to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/sify-technologies-ltd-rights-offering-over-subscribed-302185995.html

SOURCE Sify Technologies Ltd.

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Ottocast Introduces New-Gen Android Car Box NanoAI, Anchors New Era of Vehicle Intelligence

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HONG KONG, May 4, 2025 /PRNewswire/ — Ottocast, a leading provider of aftermarket connectivity solutions for cars and smartphones, has proudly announced the launch of the new-generation Android car box NanoAI, integrating AI emotive display, voice assistant, CloudSIM and the Android 13 system to provide users with brand-new AI-enabled in-vehicle experience through upgraded intelligent solutions.

NanoAI is equipped with the elite-performance Qualcomm Snapdragon 680 chip, and the basic edition has a memory configuration of 8GB and 128GB. With the Android 13 system and CloudSIM, it can connect to the internet without Wi-Fi, hotspot or a physical SIM card. It also supports seamless switching of CarPlay, Android Auto and OttoDrive 2.5, providing more personalization options and full application access.

The interactive 1.83-inch AI screen responds to voice commands to ensure safer driving, and the AI-powered Co-Pilot makes conversations smoother and smarter. The enhanced control unlocks more apps and features beyond standard CarPlay or Android Auto, and users can customize the system for a tailored experience and stream videos, browse the web, or use non-native apps directly on the display.

“Nano is our answer to the future of smart cockpits. It represents not only a product upgrade, but also Ottocast’s new vision and thinking on the integration of user experience and AI,” said Hery Zeng, deputy director of Ottocast product development center.

NanoAI’s wireless connection simplifies smartphone interaction with the vehicle, while its plug-and-play installation ensures a clean setup without messy cables. Additionally, it enhances safety with GPS tracking and security features.

“The AI emotive display and voice control completely changes the way users communicate with the vehicles, in that it’s no longer an ice-cold piece of equipment, but more like a partner sitting at the co-pilot,” said Sophia Chang, CEO of Ottocast.

As Ottocast’s most forward-looking product, NanoAI not only is a major leap for Ottocast’s AI-enabled in-vehicle experience, but also represents the company’s entry into the smart AI cockpit sector and a turning point to shift the product strategy from “car adapter” to “intelligent car computing terminal,” lowering the threshold for smart cockpit upgrades and promoting the transition of the aftermarket to high value-added products.

Looking ahead, Ottocast will continue to expand its product line with commitment to further redefining the future of in-vehicle lifestyle through continuous innovation, turning the automobile into a true “third space.”

For more details, please visit www.ottocast.com

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/ottocast-introduces-new-gen-android-car-box-nanoai-anchors-new-era-of-vehicle-intelligence-302438960.html

SOURCE OTTOCAST CORPORATION LTD

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EAI Community Unveils Interactive Client Portal Under the Leadership of Quentin Mitchell

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EAI Community, guided by founder Quentin Mitchell, has launched a cutting-edge interactive client portal designed to provide users with a more personalized and engaging experience. The portal offers real-time updates, improved support features, and streamlined account management tools to enhance overall user satisfaction.

OAKLAND, Calif., May 4, 2025 /PRNewswire-PRWeb/ — EAI Community is proud to announce the launch of its new interactive client portal, an innovative platform designed to provide users with an enhanced, personalized experience. This new portal offers users seamless access to a range of tools and services, including real-time updates, account management features, and direct customer support, all in one place.

The interactive portal has been designed with user engagement in mind, offering a streamlined interface that makes it easier for clients to manage their accounts, track important data, and resolve issues quickly. With its user-friendly design, the portal ensures that clients have all the resources they need at their fingertips, with fewer steps required to access critical information.

“We are thrilled to introduce our new client portal,” said Quentin Mitchell, founder of EAI Community. “This launch reflects our commitment to delivering a more efficient and user-friendly platform. By empowering our clients with easy access to real-time data and direct support, we aim to enhance their experience and ensure they are able to achieve their goals with greater ease.”

The new portal features several key improvements over the previous system, including:

Real-Time Updates: Clients can now track changes to their accounts instantly, staying up-to-date with the latest activity and information.

Enhanced Account Management: Users have streamlined access to account settings, transaction history, and key financial data, allowing for quicker adjustments and better decision-making.

Personalized Support: The portal includes a direct support feature, offering users the ability to quickly connect with customer service representatives for immediate assistance.

Interactive Features: Clients can engage with interactive tools designed to help them better understand their account activity, financial health, and available services.

The interactive portal is also designed to integrate with various mobile devices, ensuring that clients can access the platform from anywhere, at any time, for a truly flexible and connected experience.

“As we continue to grow and innovate, we want to ensure that our clients have the best possible experience when interacting with our services,” Mitchell added. “This portal represents a major step in that direction, providing our clients with the tools they need to manage their accounts and access support, all in a single, convenient location.”

EAI Community’s new interactive portal is now available to all users, with no additional fees required to access the enhanced features. The company is committed to continually improving its platform, with plans to add more functionality and support tools in the future.

About EAI Community:

EAI Community is a leading provider of user-focused solutions designed to improve customer experience and enhance account management. The platform is dedicated to delivering efficient, personalized services and providing users with the tools they need to manage their accounts and achieve their financial goals.

Media Contact

Ella Richardson, EAI Community, 1 209-903-1711, service@eai-ai.com, https://eai-ai.com/

View original content to download multimedia:https://www.prweb.com/releases/eai-community-unveils-interactive-client-portal-under-the-leadership-of-quentin-mitchell-302444874.html

SOURCE EAI Community

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AstraX Exchange Unveils Smart Mobile Suite for Digital Asset Traders

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AstraX Exchange introduces a redesigned mobile trading platform featuring biometric login, customizable dashboards, real-time alerts, and advanced execution tools for digital asset investors worldwide.

NEW YORK, May 4, 2025 /PRNewswire-PRWeb/ — AstraX Exchange has officially launched its Smart Mobile Suite, a newly engineered mobile trading solution designed to meet the evolving needs of digital asset traders. The platform overhaul introduces enterprise-level security, dynamic interface controls, and intelligent trading features, solidifying AstraX’s commitment to delivering a professional-grade experience on mobile devices.

At the core of the Smart Mobile Suite is a security-first architecture that now includes biometric login options such as fingerprint and facial recognition. These features are supported by encrypted session management and fraud detection protocols, ensuring that account access and transaction execution remain secure even in high-risk environments.

To address the demands of modern crypto investors, the new mobile suite includes a fully customizable dashboard where users can monitor preferred trading pairs, set personalized alerts for price fluctuations, and analyze historical charts with technical indicators. The mobile application also supports instant buy/sell orders, asset transfer between wallets, and one-click access to market news—all from a compact and intuitive interface.

AstraX Exchange’s upgraded mobile infrastructure was built to perform under pressure, with improved load speeds, low-latency data feeds, and optimized navigation for high-frequency decision-making. This performance boost ensures that traders can execute positions efficiently, regardless of market volatility or network conditions.

“The Smart Mobile Suite was developed for users who demand the same level of power and precision from their mobile experience as they do from desktop platforms,” said a product development lead at AstraX Exchange. “It represents not only a technical evolution but a strategic investment in user mobility, autonomy, and global accessibility.”

In addition to its technical enhancements, the suite introduces a new multilingual mode that aligns with AstraX’s localization strategy. Traders can now interact with the platform in more than ten languages, including English, Spanish, Portuguese, Mandarin, Korean, and Arabic—helping broaden its appeal across diverse regions.

The mobile suite also features seamless integration with AstraX’s security protocols, including Two-Factor Authentication (2FA), withdrawal whitelist settings, and smart monitoring of trading behaviors for anomaly detection. This holistic approach strengthens user confidence while preserving ease of use.

Educational tools are embedded directly into the mobile app, including interactive walkthroughs, a knowledge hub, and video tutorials tailored to user levels. These resources are aimed at helping newer users build confidence while also offering professional insights for advanced traders.

The release of the Smart Mobile Suite comes as part of a larger product roadmap aimed at scaling AstraX’s infrastructure globally. In the coming months, AstraX plans to introduce in-app staking, referral analytics, and API key management directly within the mobile platform to support power users and developers alike.

By unveiling the Smart Mobile Suite, AstraX Exchange reinforces its vision of creating a secure, intelligent, and user-centric environment for digital asset engagement—anytime, anywhere.

For further details, visit https://astraxexchange.com/

Disclaimer: The information provided in this press release is not a solicitation for investment, nor is it intended as investment advice, financial advice, or trading advice. It is strongly recommended you practice due diligence, including consultation with a professional financial advisor, before investing in or trading cryptocurrency and securities.

Media Contact

Emily Johnson, AstraX, 1 347-922-3762, service@astraxexchange.com, https://astraxexchange.com/

View original content to download multimedia:https://www.prweb.com/releases/astrax-exchange-unveils-smart-mobile-suite-for-digital-asset-traders-302444914.html

SOURCE AstraX

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