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MIND Technology Announces Deferral of Preferred Stock Dividend

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THE WOODLANDS, Texas, July 5, 2024 /PRNewswire/ — MIND Technology, Inc. (“MIND” or the “Company”) (Nasdaq: MIND) announced today that the Company’s Board of Directors (the “Board”) has elected not to declare a quarterly cash dividend on its 9.00% Series A Cumulative Preferred Stock (“Series A Preferred Stock”) for the second quarter of its fiscal year ending January 31, 2025.

The Company may defer dividend payments on the Series A Preferred Stock, but the dividend is a cumulative dividend that accrues for payment in the future.  During a deferral period, the Company is prohibited from paying dividends or distributions on its common stock, or redeeming any of those shares.

If the Company does not pay dividends on its Series A Preferred Stock for six or more quarters, the holders of Series A Preferred Stock will have the right to appoint two directors to the Board.  The deferral of the dividend on the Series A Preferred Stock for the second quarter of the fiscal year ending January 31, 2025 is the eighth quarterly dividend to be deferred.  Accordingly, holders of Series A Preferred Stock have the right to appoint two directors to the Board pursuant to the specific provisions of the Certificate of Designations, Preferences and Rights of MIND Technology, Inc. 9.00% Series A Cumulative Preferred Stock, as amended.

About MIND Technology

MIND Technology, Inc. provides technology to the oceanographic, hydrographic, defense, seismic and security industries.  Headquartered in The Woodlands, Texas, MIND has a global presence with key operating locations in the United States, Singapore, Malaysia, and the United Kingdom.  Its Seamap unit designs, manufactures and sells specialized, high performance, marine seismic equipment. 

Forward-looking Statements

Certain statements and information in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. All statements contained in this press release other than statements of historical fact, including statements regarding our future results of operations and financial position, our business strategy and plans, our objectives for future operations, future orders and anticipated delivery of existing orders, and future payments of dividends are forward-looking statements.  The words “believe,” “expect,” “anticipate,” “plan,” “intend,” “should,” “would,” “could” or other similar expressions are intended to identify forward-looking statements, which are generally not historical in nature.  These forward-looking statements are based on our current expectations and beliefs concerning future developments and their potential effect on us.  While management believes that these forward-looking statements are reasonable as and when made, there can be no assurance that future developments affecting us will be those that we anticipate.  All comments concerning our expectations for future revenues and operating results are based on our forecasts of our existing operations and do not include the potential impact of any future acquisitions or dispositions.  Our forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from our historical experience and our present expectations or projections. These risks and uncertainties include, without limitation, reductions in our customers’ capital budgets, our own capital budget, limitations on the availability of capital or higher costs of capital, volatility in commodity prices for oil and natural gas and the extent of disruptions caused by the COVID-19 outbreak.

For additional information regarding known material factors that could cause our actual results to differ from our projected results, please see our filings with the SEC, including our Annual Report on Form 10-K, Quarterly Reports on Form 10-Q and Current Reports on Form 8-K.

Readers are cautioned not to place undue reliance on forward-looking statements, which speak only as of the date hereof.  We undertake no obligation to publicly update or revise any forward-looking statements after the date they are made, unless required by law, whether as a result of new information, future events or otherwise. All forward-looking statements included in this press release are expressly qualified in their entirety by the cautionary statements contained or referred to herein.

Contacts:

Rob Capps, President & CEO

MIND Technology, Inc.

281-353-4475

Ken Dennard / Zach Vaughan

Dennard Lascar Investor Relations

713-529-6600

MIND@dennardlascar.com

 

View original content:https://www.prnewswire.com/news-releases/mind-technology-announces-deferral-of-preferred-stock-dividend-302189769.html

SOURCE MIND Technology, Inc.

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Feindef 2025 sees record year: more than 44,000 attendees, 78% increase in international visitors

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MADRID, May 28, 2025 /PRNewswire/ — The International Defense and Security Exhibition of Spain, Feindef, had a record year in 2025, with more than 44,000 attendees, an increase of 78% in international presence, and the signing of numerous strategic agreements, becoming a “benchmark platform for cooperation” for the sector for three days.

With a strong international focus, the biennial fair, which has the institutional support of the Spanish Ministry of Defense, reinforced its global role.

Feindef Foundation President Ángel Olivares said the focus was “essential” to guarantee “our security and defense” and that, at the same time, “opens a very hopeful path for the future.”

The fair, held from May 12 to 14 at Ifema Madrid, had 601 exhibitors (75% SMEs), of which 187 were international, and more than 90 delegations from different countries.

There was “intense diplomatic and commercial activity with representatives from 56 nations,” according to organizers.

The European Defense Agency (EDA), Europol, the UN, NATO, the Organization for Joint Armament Cooperation (OCCAR), and the European Commission were among the organizations participating.

During the three days, key issues in the sector were covered, such as unmanned systems, cyber defense, advances in artificial intelligence applied to military logistics, dual application technologies, and other major structural challenges, such as the importance of attracting and retaining talent and making young people more security aware.

The fair served as an “ideal framework to facilitate agreements on international strategic alliances,” said Olivares. The president also saw it as a space to continue advancing towards “a single defense market in Europe.” This is in a context, in which EU leaders have agreed to boost security and defense spending, which, according to Brussels, could result in a rise of up to 800 billion euros.

The event also served as a platform for formalizing more than a dozen relevant agreements. Those include ones reached by Ukraine with both national and international companies, those made by TEDAE (Spanish Association of Technology Companies for Defense, Security, Aeronautics and Space) and AESMIDE (Association of Contractors with Public Administrations), letters of intent signed by the Spanish Ministry of Defense with the European Defense Agency (EDA), and a memorandum of understanding signed between Spanish industry and Turkish Aerospace for an integrated training program for the Spanish Air and Space Force.

Photo – https://mma.prnewswire.com/media/2696223/FEINDEF.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/feindef-2025-sees-record-year-more-than-44-000-attendees-78-increase-in-international-visitors-302465301.html

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StoneX Group Taps AI-Powered LIQUID eKYC to Improve Onboarding Experience, Expecting to Double Account Openings

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— Image Recognition AI Minimizes User Abandonment and Supports Japan’s Legal My Number Acquisition —

TOKYO, May 28, 2025 /PRNewswire/ — Liquid Inc. , a member of the ELEMENTS Group, is pleased to announce that StoneX Group Inc., a company listed on the NASDAQ in the United States, has adopted Liquids online identity verification service, LIQUID eKYC. The solution will be implemented by its Japanese subsidiary, StoneX Securities Co., Ltd.

LIQUID eKYC will be used to verify customer identities during account openings for FOREX.com, the FX and CFD trading burand,m operated by StoneX Securities. Although StoneX Securities had previously utilized eKYC services, the company has now decided to transition to LIQUID eKYC, which is distinguished by its advanced image recognition AI technology, enabling more accurate identity verification.

With this transition, the company aims to prevent user drop-offs during the application process and anticipates that the number of account openings will approximately double as a result.

Background

FOREX.com is a global online trading platform that primarily offers foreign exchange (FX) trading and CFD trading services to individual investors and traders. The platform is used by over one million users across 180 countries worldwide.

In Japan, StoneX Securities has already implemented eKYC procedures for online account openings, which involve capturing images of identification documents and matching them with user selfies for identity verification. In order to achieve more accurate identification, StoneX Securities has decided to integrate LIQUID eKYC.

Implementation Overview

LIQUID eKYC is an online identity verification solution that enables the completion of the entire verification process remotely through either the capture or IC chip reading of ID documents, combined with facial photo matching, or by utilizing Japanese Public Key Infrastructure (JPKI) for official digital authentication.

The solution is characterized by its use of biometric authentication and image recognition technologies, which contribute to reducing the drop-off rate during onboarding, minimizing the occurrence of unclear image submissions, and enhancing the accuracy of automated facial recognition. These features collectively improve the efficiency and reliability of the identity verification process.

Key Advantages of Implementing LIQUID eKYC

Improved Completion Rates Through Real-Time, Contextual Error Messaging

Previously, many users abandoned the application process midway, particularly during the photo capture stage required for identity verification. With LIQUID eKYC, AI-powered image recognition provides real-time, detailed error messages during the capture process, guiding users more effectively.

Backed by over 130 million identity verifications across the group, the system leverages advanced technology and a meticulously designed user interface to ensure a seamless user experience. This allows users to proceed with confidence and minimal confusion, significantly improving the application completion rate.

Improving Approval Rates in the Post-Submission Review Process

LIQUID eKYC has a built-in review management function that enables clear identification of discrepancies—such as mismatches between information entered in the application form and the details on the submitted identification documents.

By integrating with LIQUID eKYC, the system can automatically notify users of specific errors and prompt them to reapply with corrected information. This reduces the need for individual follow-up with users.

In addition, tasks such as manual verification of ID documents, which are required under Japan’s Act on Prevention of Transfer of Criminal Proceeds, are handled through LIQUID eKYC’s BPO (Business Process Outsourcing) services.

This implementation not only enhances the efficiency of the overall review process but also contributes to a higher approval rate.

Compliance with Legal Requirements, Including MyNumber (Individual Number) Collection and Management

In Japan, financial institutions are required to conduct identity verification and collect MyNumber (Individual Number) information in accordance with the Act on Prevention of Transfer of Criminal Proceeds when opening accounts.

LIQUID eKYC not only supports legally compliant identity verification, but also offers end-to-end support for the collection, management, and secure storage of MyNumber data. This is particularly advantageous for foreign-affiliated companies, for whom MyNumber compliance often poses a significant operational challenge.

By accommodating Japan’s complex and use-case-dependent regulatory requirements, LIQUID eKYC helps ensure full legal compliance while streamlining onboarding operations.

Proven Track Record in Identity Verification for Foreign Nationals

LIQUID eKYC has a strong track record of verifying the identities of a wide range of users, both in Japan and internationally. At FOREX.com, identity verification is conducted not only for Japanese nationals residing in Japan but also for foreign residents.

This capability ensures that the onboarding process is inclusive, compliant, and effective across diverse user segments.

Dedicated Support Team for Foreign-Affiliated Companies

LIQUID eKYC offers a specialized support team dedicated to foreign-affiliated enterprises. This team provides comprehensive implementation and operational support entirely in English, including guidance on navigating regulatory compliance requirements in Japan.

This structure ensures a smooth and reliable onboarding experience for global companies entering or operating in the Japanese market.

About FOREX.com

FOREX.com is a global online trading platform operated by StoneX Group Inc., a company listed on the NASDAQ (Ticker: SNEX). The platform serves customers in over 180 countries and offers access to more than 12,000 financial instruments worldwide.

In Japan, FOREX.com provides trading services for 84 FX currency pairs and 26 Knock-Out Option products. Trading is available via PC (web platform) and mobile devices (iPhone and Android), and the platform also supports MetaTrader 4 (MT4).
Website: https://www.forex.com/jp/

About LIQUID eKYC: No.1 Market Share for Six Consecutive Years*

The service provides online completion of identity verification required for online contracts, account registration, and account opening. We offer a method that takes a picture of an identification document or reads an IC chip and matches it with selfies, as well as a method that utilizes public personal authentication (JPKI / Smartphone JPKI). We can also support age verification for student discounts. Our proprietary AI, biometric, and OCR technologies have enabled us to maintain a low drop-off rate from the start to the end of the photo shooting process. As a result, the ELEMENTS Group has achieved a cumulative total of approximately 130 million identity verifications, with around 600 companies having adopted our services.

Web site: https://liquidinc.asia/global/kyc-application/

*ITR “ITR Market View: Identity Access Management / Personal Authentication Type Security Market 2025 eKYC Market: Sales Value Share by Vendor (FY2019-FY2024Forecast)

About Liquid Inc.

Liquid aims to create a seamless world where all of the world’s approximately 8 billion people can easily and safely use all services as they are, by automatic and ubiquitous authentication. We provide our own Digital ID, KYC, and Authentication service, where users can prove their identity anytime, anywhere in the world with their smartphone or face. We are expanding our service globally and use the know-how accumulated under the strict Japanese laws and rules. We adapt our operations and services flexibly and quickly to changes in the required legal and security framework.
For more information, visit: https://liquidinc.asia/global/

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SOURCE Liquid, Inc.

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YouWare Launches as the First AI Coding Platform for Creators

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Empowering a new generation of creators to turn ideas into interactive experiences with AI.

SHENZHEN, China, May 27, 2025 /PRNewswire/ — YouWare, the world’s first AI coding platform built for creators, is officially live. YouWare empowers creators of all backgrounds, not just engineers, to bring ideas to life through AI coding.

The idea for YouWare came to founder and CEO Leon Ming during a late-night scroll through X in March 2025. He saw AI coders sharing code snippets, but realized there was no simple way to turn them into live, interactive projects. That same night, Leon stayed up and built the first version of YouWare—by 2 AM, it was live. Within 48 hours, the platform grew from 1,000 to over 1 million visits as creators around the world began building and sharing.

“We built YouWare because creativity belongs to everyone, not only the technical elite,” says Leon Ming, founder and CEO of YouWare. “AI is here to amplify, not replace, human creativity. Our mission is to make sure that as technology evolves, creators can express their ideas freely and share them with the world.”

YouWare lets anyone turn their AI-generated code into live, shareable websites in a single click, regardless of their technical skill level. Whether they use ChatGPT, Claude, or any AI tool, YouWare brings users’ creations to life. With features like prompt-to-website generation, built-in design enhancements, one-click remixing, and a fast-growing, supportive community culture, YouWare is making coding more intuitive and collaborative than ever before.

Since its inception, YouWare has raised tens of millions of dollars across two funding rounds, with a current valuation of $80 million. Today, approximately 200,000 projects have been created by users worldwide.

About YouWare

YouWare is the first AI coding platform designed for creators. By combining intuitive AI tools, real-time previews, and a remixable community ecosystem, YouWare empowers a new generation of creators to turn ideas into living, interactive projects.

Learn more at youware.com.

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SOURCE YouWare

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