Partnership Preceded US Government Announcing a $920 Million FMF Direct Loan Agreement with Romania

FAIRFAX, Va., Sept. 27, 2024 /PRNewswire/ — Leading American autonomous defense company DZYNE Technologies announced a partnership with Romania’s national defense company ROMARM to enhance Romania’s defense capabilities, particularly in the areas of drone and counter-drone technologies. This collaboration, formalized through a Memorandum of Understanding (MoU), and with support of Romania’s Ministry of Economy, Entrepreneurship and Tourism, and the US Embassy in Bucharest, aims to develop advanced unmanned aerial systems (UAS) and counter-UAS (cUAS) solutions for critical security sectors like border control and infrastructure protection.

The partnership, which preceded the US government announcing a $920 million Foreign Military Financing (FMF) Direct Loan Agreement with Romania, is expected to bolster Romania’s defense capability and industrial base, create new jobs, and integrate cutting-edge autonomous solutions into the country’s military operations. By leveraging DZYNE’s expertise and Romania’s commitment to security, the initiative reflects a broader strategy to enhance regional security and technological leadership.

“This agreement represents a critical step forward in our strategic partnership with Romania, reinforcing our shared commitment to enhancing regional security through cutting-edge drone and counter-drone technologies,” said Christopher Miller, Chief Strategy Officer for DZYNE Technologies and former acting US Secretary of Defense. “It symbolizes a generational leap toward innovation, combining our expertise with Romania’s vision to develop advanced drone and counter-drone capabilities. Together, we will build solutions that redefine the future of defense.”

“Together we are ensuring that our armed forces are equipped to meet today’s complex geostrategic challenges with agility and confidence,” said Emanuel Ioana, General Manager, ROMARM. “This memorandum is not only a promise for the future, but also a reflection of our long-lasting commitment to peace, security, and technological leadership.”

DZYNE Technologies develops innovative autonomous defense solutions across the spectrum of Unmanned Aerial Systems (UAS) and Counter-UAS (cUAS) technologies. DZYNE’s Counter UAS solutions have achieved over 1,000 confirmed hostile drone kills in combat environments. The company’s autonomous products, ranging from loitering munitions to groundbreaking surveillance platforms, provide cutting-edge capabilities that are both effective and cost-efficient, positioning DZYNE as a leader in the field.

The collaboration between DZYNE and Romania highlights a growing emphasis on innovation. DZYNE is playing a leadership role in both autonomy and counter-autonomy in a period of rapid technological evolution. The company intends to work alongside ROMARM and key Romanian defense companies to research, design, and produce tailored solutions for border security, critical infrastructure protection, and other key domestic security domains. 

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SOURCE DZYNE Technologies

NEW YORK, Sept. 27, 2024 /PRNewswire/ — MyExpatTaxes, the leading tax filing platform for American expats, has found that nearly 60% (58.4%) of expats would give up their right to vote in exchange for not having to file U.S. taxes while living abroad amidst the increasingly complex filing requirements imposed on them.

“We are seeing a very notable shift in the attitude of American expats,” said MyExpatTaxes CEO Nathalie Goldstein. “As tax requirements become more onerous and expensive, especially against the backdrop of historic political polarization and the perception of getting less value in return for taxes paid, we are seeing more Americans than ever questioning whether to remain U.S. citizens.”

There are now 5.9M Americans living outside the United States.

The filing requirements as an American expat have become so daunting that MyExpatTaxes’ survey found 46.7% of respondents considered actually renouncing their US citizenship due to the complexities of filing.

Many first time expats are in fact surprised to learn that even income earned from working a job located in a foreign country is still subject to U.S. tax filing requirements– and adding additional forms and documentation along the way.

The shifting attitude of American expats seems to not merely be a referendum on taxation itself, but rather a dissatisfaction with the value realized from those taxes. Just about 90% of respondents indicated that their quality of life had improved since moving abroad. Perhaps as a nod to the taxation systems in other countries such as across Europe, 88% stated that they are agreeable with paying higher taxes if it means better access to healthcare and social safety nets.

The survey, the largest of its kind ahead of the 2024 U.S. presidential election, polled 1,500 expats living in 89 different countries. The findings also illuminated the potential impact of expat voters with just over 27% of respondents admitting that they have not voted while living abroad. Of those polled, 15% hail from swing states.

As the U.S. remains one of two countries that enforce citizen-based taxation, Goldstein, an American expat herself, encourages all U.S. citizens living abroad to vote in the upcoming 2024 election. “It’s important that Americans abroad are seen as a sizable community, so that those making changes to U.S. taxation laws keep them in mind.”

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SOURCE MyExpatTaxes

Industry Luminaries Join Speaker Roster to Discuss AI Use Cases that Drive Economic Growth.

MARINA DEL REY, Calif., Sept. 27, 2024 /PRNewswire/ — Spring Labs, the intelligent AI powerhouse solution for financial services, today announced it has deepened its bench of speakers to present at the inaugural Artificial Intelligence (AI)-Native Banking and Fintech Conference, Monday, October 7, 2024, at the University of Utah in Salt Lake City, Utah—an epicenter for AI innovation.

The AI-Native Banking and Fintech Conference, which will include an address from Utah Governor Spencer J. Cox, will be co-hosted by the University of Utah, the Utah Bankers Association (UBA), the Governor’s Office of Economic Opportunity (GOEO) and American Fintech Council. In a collaborative setting, leading banks, fintechs, and AI providers will hear about the AI use cases and value-added ideas that translate into real-world applications that drive economic growth.

“When we first announced this event, we were met with a huge wave of enthusiasm from the financial service and fintech ecosystem,” says John Sun, CEO and Co-Founder of Spring Labs. “Our updated roster of speakers includes some of the most prominent names in the industry, and we’re delighted to host them as they collaborate with and inspire our audience on the practical and ethical development and applications of AI.”

“As an organization who is focused on accelerating fintech growth, it’s great to work with organizations like Spring Labs, which are committed to innovation and excellence in fintech and AI,” says Ryan Christiansen, Executive Director of the Stena Center for Financial Technology. “The conference agenda highlights the fantastic financial services ecosystem here in Utah, and we’re excited to participate.”

New speakers added to the line-up include:

Travis Hill, Vice Chairman of the Federal Deposit Insurance Corporation (FDIC)Brian Brooks, Former Comptroller of the Currency, OCCDan Pillemer, President and CEO at CardWorksKirk Cullimore, Utah State Senator, Sponsor of the AI Policy Act (SB 149)Zach Boyd, PhD, Director, Office of Artificial Intelligence Policy, State of Utah

Additionally, we will be joined by senior leaders from regulatory agencies such as the Consumer Financial Protection Bureau, the Federal Deposit Insurance Corporation, the Federal Reserve, the Utah Department of Financial Institutions, C-Suite leaders from prominent fintech banks and fintech companies, academics studying the AI space, and top media outlets covering AI in banking and fintech.

Visit the conference website for further details on the event and/or to purchase tickets.

About Spring Labs
Spring Labs is the creator of Zanko, the intelligent AI copilot for financial institutions. Zanko streamlines customer support and compliance operations by automating tasks, enabling robust self-service options, boosting team efficiency and enhancing the customer experience. For more information, visit: https://www.springlabs.com/.

Media Contact: Kristina LeBlanc, kristina@notablypr.com

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SOURCE Spring Labs