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U.S. Air Force Extends Contract with SandboxAQ to Further Develop AQNav Technology to Address GPS Jamming and Spoofing

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Next phase of USAF contract will explore additional configurations for deployment on a wider range of aircraft platforms, including unmanned aerial systems

PALO ALTO, Calif., Aug. 16, 2024 /PRNewswire/ — SandboxAQ today announced it was awarded a SBIR Phase 2B Tactical Funding Increase (TACFI) by the U.S. Air Force (USAF) to further develop its dual-use AQNav magnetic navigation (MagNav) system. The funding increase will enable SandboxAQ and collaboration partner AFWERX to explore additional configurations of the core AQNav architecture, including a pod-based attachment, for deployment on a wider range of aircraft platforms, including unmanned aerial systems.

AQNav is a breakthrough navigation technology that leverages proprietary AI Large Quantitative Models (LQMs), powerful quantum sensors, and the Earth’s crustal magnetic field to provide an unjammable, un-spoofable, all-weather, day/night, terrain-agnostic, passive, real-time navigation solution for military and commercial applications, with zero reliance on Global Navigation Satellite Systems (GNSS). This is a key example of the application of quantitative AI – AI models that are trained on quantitative data and not language. SandboxAQ is a leader in Large Quantitative Models (LQMs), in this case to pull the signal from the background magnetic noise for navigation.

This funding increase extends a prior Direct-to-Phase-II SBIR contract awarded to SandboxAQ in January 2023. To date, SandboxAQ’s AQNav technology has logged more than 200 flight hours and more than 40 sorties across multiple regions on four different aircraft types, ranging in size from single-engine planes to large military transport aircraft. In this process, AQNav was successfully tested in two USAF exercises – Exercise Golden Phoenix and Exercise Mobility Guardian – Air Mobility Command’s largest exercise ever at the time.

“The new TACFI contract exemplifies the strong collaborative relationship we have with the USAF and the continued confidence they have in our MagNav platform,” said Luca Ferrara, General Manager of Navigation at SandboxAQ. “We are incredibly excited to expand AQNav’s capabilities and further demonstrate its ability to provide accurate navigation when GPS is unavailable or unreliable.”

“In an era of rapidly evolving technology and increasingly sophisticated adversaries, it is critical that the USAF maintain tactical air dominance in highly contested environments when adversaries employ robust GPS spoofing and targeted jamming,” said Jen Sovada, President, Global Public Sector, at SandboxAQ. “AQNav offers a highly precise and secure position and navigation solution that can withstand adversarial disruptions, making it suitable for the most demanding military applications.”

“AFWERX is expanding the MagNav capability through SandboxAQ to rapidly enable critical operations in denied environments,” said Lt Col Josh Fehd, AFWERX Autonomy Prime Branch Chief. “The rapid development and deployment of MagNav technology is imperative for the USAF to ensure a strategic advantage over our peer adversaries, enable mission continuity, and improve the safety of our warfighters and infrastructure when facing the denial or degradation of critical GPS systems.”

How AQNav Works
AQNav uses a powerful quantum magnetometer system to acquire data from Earth’s crustal magnetic field, which exhibits geographically unique patterns – similar to a human fingerprint. AQNav uses proprietary LQMs to compare this data against known magnetic maps, enabling the system to quickly and accurately find its position. Due to the high sensitivity of foundational quantum sensors, AI algorithms are applied to improve the signal-to-noise ratio, removing any mechanical, electrical, or other interference that would impact the system’s ability to acquire its location.

Importantly, AQNav offers worldwide availability and the approach can be applied in all domains, including air, land, and sea. The system doesn’t rely on visual ground features or satellite transmissions to function and is not affected by weather conditions. Additionally, AQNav’s passive technology emits no electronic signals, which reduces the aircraft’s detectability. It operates at room temperature, requires no shielding, and has a small form factor that can be integrated into a wide variety of platforms, from multi-engine airliners to unmanned aerial vehicles.

Because the need for resilience to GPS vulnerabilities extends societally and economically, SandboxAQ is developing AQNav as a dual-use solution. In addition to the USAF, SandboxAQ is engaged with several aerospace leaders to test and develop AQNav, including other allied governments as well as Boeing and Acubed – the Silicon Valley research and innovation center of Airbus.

For more information about AQNav, please visit https://www.sandboxaq.com/aqnav 

About SandboxAQ
SandboxAQ is a B2B company delivering AI solutions that address some of the world’s greatest challenges. The company’s Large Quantitative Models (LQMs) deliver critical advances in life sciences, financial services, navigation, cyber and other sectors. The company emerged from Alphabet Inc. as an independent, growth capital-backed company in 2022, funded by leading investors including T. Rowe Price, Eric Schmidt, Breyer Capital, Guggenheim Partners, Marc Benioff, Thomas Tull, Paladin Capital Group, and others. For more information, visit http://www.sandboxaq.com.

About AFRL  
The Air Force Research Laboratory is the primary scientific research and development center for the Department of the Air Force. AFRL plays an integral role in leading the discovery, development, and integration of affordable warfighting technologies for our air, space and cyberspace force. With a workforce of more than 12,500 across nine technology areas and 40 other operations across the globe, AFRL provides a diverse portfolio of science and technology ranging from fundamental to advanced research and technology development. For more information, visit www.afresearchlab.com.

About AFWERX
As the innovation arm of the DAF and a directorate within the Air Force Research Laboratory, AFWERX brings cutting-edge American ingenuity from small businesses and start-ups to address the most pressing challenges of the DAF. AFWERX employs approximately 370 military, civilian and contractor personnel at five hubs and sites executing an annual $1.4 billion budget. Since 2019, AFWERX has executed over 6,100 new contracts worth more than $4 billion to strengthen the U.S. defense industrial base and drive faster technology transition to operational capability. For more information, visit: www.afwerx.com.

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Activeport’s bold capital strategy fuels path to innovation and growth

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SYDNEY, Nov. 14, 2024 /PRNewswire/ — Activeport Group Ltd (ASX:ATV) has successfully closed its renounceable rights issue, raising approximately $3.1 million before costs. With a possible $1.5M offered into the placement by fund manager MWP Partners and its associates in Hong Kong, the total of up to $4.6M is close to the maximum possible under the offer of $5.3M.

This significant new capital inflow paves the way for Activeport to rapidly expand sales capacity to generate new revenue from its network orchestration software. Notably Activeport Company Directors and management demonstrated confidence by fully subscribing to their entitlements, underscoring their commitment to Activeport’s long term vision.

Activeport Chairman and CEO Peter Christie “We would like to extend our gratitude to existing shareholders for their participation, and warmly welcome our new investors. This is an exciting time in Activeport’s growth, and we look forward to realising our strategic goals with their support.”

Activeport recently launched its SaaS business in Australia in conjunction with FibreconX. The combination of Activeport’s software and the FibreconX network offers new connectivity solutions for consumers of data centre capacity in Australia, a market that is booming from the AI revolution. Internationally, Activeport is deploying its software to major telecommunications carriers, data centre operators and sub-sea fibre owners that are also growing exponentially with the demand generated from AI.

The funds raised in this Rights issue will be strategically allocated to scale Activeport’s operational capabilities to take advantage of the unprecedented growth in demand for its network orchestration software across the data centre and telecommunications industries.

New securities will be issued on November 13th, 2024, with the Directors holding the flexibility to place any shortfall within three months.

About Activeport

Headquartered in Australia, Activeport develops automation software and customer self-service portals for global telecommunication providers. The Activeport product suite enables network automation, minimising operational costs, accelerating ‘time to revenue; and improving customer experience. 

For more information: https://www.activeport.com.au 

View original content:https://www.prnewswire.com/apac/news-releases/activeports-bold-capital-strategy-fuels-path-to-innovation-and-growth-302304094.html

SOURCE ActivePort

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Resideo to Participate at Upcoming Investor Conferences

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SCOTTSDALE, Ariz., Nov. 13, 2024 /PRNewswire/ — Resideo Technologies, Inc. (NYSE: REZI), a leading global manufacturer and distributor of technology-driven products and solutions that provide home comfort and smart living, security, life safety and energy efficiency to consumers and businesses, today announced that it is scheduled to participate at the following investor conferences.

NYSE Industrials Conference (Virtual) on Tuesday, November 19, 2024.

Wells Fargo TMT Summit in Rancho Palos Verdes, CA on Tuesday, December 3, 2024.

Bank of America Leveraged Finance Conference in Boca Raton, FL on Wednesday, December 4, 2024. Mike Carlet, Resideo’s Chief Financial Officer, will participate in a fireside chat starting at 10:50AM ET

Raymond James TMT and Consumer Conference in New York, NY on Tuesday, December 10, 2024. Mike Carlet, Resideo’s Chief Financial Officer, will participate in a fireside chat starting at 10:40AM ET.

The fireside chats will be webcast live and available for replay on the Investor Relations page of the Resideo website at investor.resideo.com and archived on the Investor Relations page for a period of 30 days.

About Resideo
Resideo is a leading manufacturer and developer of technology-driven sensing and controls products that provide critical comfort, energy, smoke and carbon monoxide detection home safety products and security solutions to homes globally. We are also a leading wholesale distributor of low-voltage security products including access control, fire detection, fire suppression, security, and video products, and participate significantly in the broader related markets of, communications, data communications, networking, power, residential and professional audio-visual solutions, smart home, and wire and cable. Our global footprint serves both commercial and residential end markets. For more information about Resideo, please visit www.resideo.com

Contacts:

Investors:

Media:

Christopher T. Lee

Garrett Terry

Global Head of Investor Relations

Corporate Communications Manager

investorrelations@resideo.com

garrett.terry@resideo.com

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SOURCE Resideo Technologies, Inc.

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TTEC Celebrates Growth in India with Milestone Anniversaries

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Company marks one year of operation at its Mumbai Customer Experience Center and Digital Innovation Studio in Hyderabad

DENVER and MUMBAI, India, Nov. 14, 2024 /PRNewswire/ — TTEC Holdings, Inc. (NASDAQ: TTEC), a leading global CX (customer experience) technology and services innovator for AI-enhanced CX with solutions from TTEC Engage and TTEC Digital, is marking a significant year of growth in India with the one-year anniversaries of two key facilities: its Mumbai Customer Experience Center and Hyderabad Digital Innovation Studio.

TTEC has been operating in India for 24 years providing support to large global brands through its care, back office, trust and safety, and content moderation capabilities, and more recently with its CX technology talent. Over the past year, TTEC has significantly grown its footprint in India, adding 800 positions to support the new facilities in Mumbai and Hyderabad with plans for more growth in 2025. TTEC has approximately 3,500 employees in total in the country, including its sites in Ahmedabad and Chennai.

Mumbai Attracting New Clients from Across the Globe

TTEC’s Customer Experience Center in Mumbai has been instrumental in delivering world-class customer support and enhancing operational efficiency for its global clients. The center’s diverse and skilled workforce continues to meet the growing demand for innovative customer service solutions with voice and back-office capabilities for multiple global industries including healthcare, banking, financial services, insurance, and tech support. 

India has long been a global leader in the BPO sector, and today’s advanced, AI-driven environment is attracting a new generation of skilled professionals,” said TTEC Engage Senior Vice President of Asia Pacific Operations Arnab Ray. “Our talented, multilingual workforce is well-positioned to deliver innovative CX solutions, making India an essential and important hub for meeting the evolving needs of our global clients. We’re proud of our team here and remain poised to lead in this AI-enabled CX ecosystem.”

Hyderabad is India’s Digital Hub

Meanwhile, the TTEC Digital Innovation Studio in Hyderabad has emerged as a leading hub for talent across CX hyperscaler platforms and other leading technology and disciplines, uniting experts in Contact Center, CRM, and AI & Analytics to power modern customer experiences. The studio is also a key driver of TTEC Digital’s bespoke software IP that is creating value with transformation services and customized solutions that help clients improve their customer experiences and streamline operations.

“Our Innovation Studio is a testament to the incredible talent and creativity of our team in India,” said TTEC Digital India Leader and Group Vice President of Global Delivery Amol Gupta. “They are at the leading edge of advanced AI, automation, and analytics which are at the core of every CX transformation project we deliver. Their technical expertise and innovative spirit allow us to deliver on any platform, in a globally integrated, value optimized way that helps our clients stay ahead in a rapidly evolving market.”

Creating Opportunities for Professionals and Communities

Both new facilities reflect TTEC’s dedication to creating meaningful job opportunities; nurturing diverse, local talent; and fostering innovation in India’s rapidly evolving CX landscape. TTEC is certified as a Great Place to Work® in India and for the second year in a row HR Asia has recognized it as one of the Best Companies to Work for in Asia. The company provides career advancement opportunities for professionals in areas such as customer service, digital innovation, and IT, all while contributing to the local economies. TTEC’s diverse, highly-skilled workforce in India boasts impressive credentials – 32 percent are women, 82 percent hold degrees, and 21 percent are engineers.

Additionally, TTEC’s India sites proudly give back to their communities. The Ahmedabad Customer Experience Center has held an annual wellness walk for the past 22 years and has raised an estimated $1.8 million for local charities. That site is also one of the largest corporate blood donors for the Gujarat Red Cross and, according to their estimates, their blood donations have saved an estimated 6,900 lives.

To learn more about TTEC India and its award-winning work and workplace culture, visit here.

To learn about our current jobs in India, visit ttec.jobs.com/India.   

About TTEC
TTEC (pronounced T-TEC) Holdings, Inc. (NASDAQ: TTEC) is a leading global CX (customer experience) technology and services innovator for AI-enabled digital CX solutions. Serving iconic and disruptive brands, TTEC’s outcome-based solutions span the entire enterprise, touch every virtual interaction channel, and improve each step of the customer journey. Leveraging next-gen digital technology, the Company’s TTEC Digital business designs, builds, and operates omnichannel contact center technology, CRM, AI and analytics solutions. The Company’s TTEC Engage business delivers AI-enhanced customer engagement, customer acquisition and growth, tech support, back office, and fraud prevention services. Founded in 1982, the Company’s singular obsession with CX excellence has earned it leading client, customer, and employee satisfaction scores across the globe. The Company’s employees operate on six continents and bring technology and humanity together to deliver happy customers and differentiated business results. To learn more visit us at https://www.ttec.com.

Media Contact:
Meredith Matthews
meredith.matthews@ttec.com
+1 281-770-2566

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View original content:https://www.prnewswire.com/in/news-releases/ttec-celebrates-growth-in-india-with-milestone-anniversaries-302304769.html

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