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American Battery Technology Company Appoints Manufacturing Scale-Up Expert Steven Wu as Chief Operating Officer to Accelerate Expansion of Battery Metals Manufacturing Operations

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RENO, Nev., Aug. 26, 2024 /PRNewswire/ — American Battery Technology Company (NASDAQ: ABAT), an integrated critical battery materials company that is commercializing its technologies for both primary battery minerals manufacturing and secondary minerals lithium-ion battery recycling, appoints Steven Wu as its new chief operating officer (COO). Wu brings an extensive background from his previous companies in successfully scaling first-of-kind technologies into high-volume, bespoke manufacturing operations, an extremely applicable skillset as American Battery Technology Company (ABTC) continues to progress commercialization and ramp up efforts to onshore and build out a resilient battery metals supply chain for its North American strategic customers.

“We are thrilled to welcome Steven to the team at this exciting and critical stage of growth of our commercialization efforts,” stated ABTC CEO Ryan Melsert.  “As we move beyond the first-of-kind design and commissioning phases, Steven brings the exact skillset and experiences needed in scaling commercial operations, building engaged and high-productivity teams, and innovating and implementing ground-up, high-volume, product manufacturing operations to meet the needs that our domestic strategic partners are demanding as we scale-up our domestic critical battery material solutions.”

Wu has extensive experience with operationalizing innovative technologies manufactured in customized facilities and employed in first-of-kind products at global companies. As director of product and programs at Rivian, he led efforts to ramp products, set and drive achievement of objective and key results (OKRs), and build and manage partnerships with key customers and suppliers.  While working at autonomous vehicle startup Nuro as head of new product introduction, he developed and led their revenue generation initiatives, led partnerships with OEMs, led manufacturing and process improvement operations, commissioned facilities, and managed the operational scale-up of in-house manufacturing.  He also worked at Uber as an operations group manager, and at Apple as a global supply manager scaling production of products internationally and in the United States. Each of Wu’s previous experiences have grown and demonstrated his abilities to lead global operational scale-ups of new technologies for high-volume, brownfield manufacturing facilities, and to build out large, cross-functional operational teams.

“I am very excited to step into this role at this transformative stage of ABTC’s journey to widespread commercialization,” said Steven Wu, ABTC’s incoming COO. “I share Ryan’s vision to drive accelerated but efficient and smart growth for a company leading the efforts to secure a domestic, sustainable supply of battery metals enabling our transition to electrification.”

In his role at ABTC, Wu will be responsible for accelerating the company past its current stage of commissioning and ramp up of its first integrated lithium-ion battery recycling facility and primary claystone to lithium hydroxide pilot plant, progressing toward widespread commercialization and proliferation of these technologies.  He will oversee ABTC’s manufacturing operations while also working closely with ABTC’s leadership teams across the organization on growth initiatives.

Wu graduated from Rutgers University with a bachelor’s degree in electrical and computer engineering.

He will succeed Andrés Meza who served as COO for over three years and is stepping down to pursue other opportunities. “Andrés has been an integral part in driving ABTC’s foundational growth and success to date, and we are grateful for his contributions,” continued Melsert.

About American Battery Technology Company 
American Battery Technology Company (ABTC), headquartered in Reno, Nevada, has pioneered first-of-kind technologies to unlock domestically manufactured and recycled battery metals critically needed to help meet the significant demand from the electric vehicle, stationary storage, and consumer electronics industries.  Committed to a circular supply chain for battery metals, ABTC works to continually innovate and master new battery metals technologies that power a global transition to electrification and the future of sustainable energy.

Forward-Looking Statements  
This press release contains “forward-looking statements” within the meaning of the safe harbor provisions of the U.S. Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact, are “forward-looking statements.” Although the American Battery Technology Company’s (the “Company”) management believes that such forward-looking statements are reasonable, it cannot guarantee that such expectations are, or will be, correct. These forward-looking statements involve a number of risks and uncertainties, which could cause the Company’s future results to differ materially from those anticipated. Potential risks and uncertainties include, among others, risks and uncertainties related to the Company’s ability to continue as a going concern; general economic conditions and conditions affecting the industries in which the Company operates; the uncertainty of regulatory requirements and approvals; fluctuating mineral and commodity prices. Additional information regarding the factors that may cause actual results to differ materially from these forward-looking statements is available in the Company’s filings with the Securities and Exchange Commission, including the Annual Report on Form 10-K for the year ended June 30, 2023. The Company assumes no obligation to update any of the information contained or referenced in this press release.

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SOURCE American Battery Technology Company

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New GFT research reveals 1 in 4 Brits keep cash on hand amid growing IT failure concerns

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42 minutes ago

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January 8, 2025

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Research reveals mounting worries amongst UK banking customers about IT outages at financial institutions

LONDON, Jan. 8, 2025 /PRNewswire/ — As digital banking becomes the norm, over a third (34%) of Brits are worried about the potential of IT failures at their banks, and 25% now keep cash on hand as a precaution against outages.

This trend reflects the growing uncertainty consumers feel about the reliability of digital financial services, as the availability of in-person banking continues to decline.

Over the past year, one in six (17%) people have been affected by IT failures within their banks, facing an average disruption time of six hours, with customers unable to access their funds or pay for essential goods and services.

This data comes from GFT’s latest Banking Disruption Index, a bi-annual assessment of consumer sentiment towards digital banking.

The research also uncovered growing concern about the security and resiliency of third-party technology providers supporting banks, with 38% of respondents worried about the potential of these organisations to cause an IT outage at a bank, highlighting a broader scepticism around the security and reliability of outsourced digital services.

Additionally, 42% of those surveyed said they were wary of cyber-attacks, fearing that an outage could lead to personal information theft. This underscores the growing expectation for banks to protect both consumer data and access to funds.

Richard Kalas, Client Solutions Director, Retail Banking at GFT, said: “These findings reveal a clear disconnect between the rapid digitalisation of banking services and consumer confidence around the security and resilience of these measures. While digital banking offers numerous benefits, it’s essential that banks continue to clearly demonstrate the various measures they are taking to ensure all critical customer services are resilient.”

The role of banks in enhancing security

As digital banking continues to grow, so do consumer concerns about security and reliability. In response, banks are under increased pressure to strengthen their resilience strategies, ensure operational stability, and better safeguard customers.

To meet these expectations, financial institutions must continue to invest in robust IT infrastructure and cybersecurity measures, and partner with trusted organisations to effectively prevent and swiftly recover from outages.

What’s more, under recent Payment Systems Regulator (PSR) guidelines effective from 7th October, banks must now refund fraud victims up to £85,000 within five days. By shifting a significant portion of responsibility back to banks, the regulation reinforces the importance of customer protection and proactive fraud prevention.

To download the full Banking Disruption Index report, please follow this link.

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View original content:https://www.prnewswire.co.uk/news-releases/new-gft-research-reveals-1-in-4-brits-keep-cash-on-hand-amid-growing-it-failure-concerns-302345598.html

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Route Mobile Partners with PT MRT Jakarta to launch first-of-its-kind WhatsApp ticketing via vending machines and Email

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42 minutes ago

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January 8, 2025

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MUMBAI, India, Jan. 8, 2025 /PRNewswire/ — Route Mobile Limited (“Route Mobile”), a leading cloud communication platform service provider, has partnered with PT MRT Jakarta, Jakarta’s premier urban rail transit provider, to launch an innovative, first-of-its-kind WhatsApp based metro ticketing solution through vending machines. The solution streamlines the whole process, delivering essential ticket and travel information to commuters via WhatsApp for a smoother, more convenient journey.

With over 91,000 daily riders and 33.5 million annual ridership, Jakarta MRT plays a vital role in the city’s transportation infrastructure. Currently, it operates a North-South line with 13 stations, from Lebak Bulus to Bundaran HI, serving as a critical transit route that alleviates traffic congestion and improves urban mobility.

Through this innovative WhatsApp solution, passengers who purchase tickets from MRT Jakarta vending machines will receive the following three automated messages to simplify their journey:

Easy-to-follow instructions on using the QR codeA unique QR code to be scanned for entry at the origin stationA unique QR code to be scanned for exit at the destination

This multi-step WhatsApp engagement reduces friction, enhances user convenience, and significantly improves the commuter experience by enabling instant, reliable access to crucial travel details.

In addition to the core WhatsApp solution, Route Mobile is also supporting MRT Jakarta’s marketing initiatives by offering an email solution. This will allow MRT Jakarta to engage passengers through targeted email campaigns, sharing event updates, promotional content, special offers, and other relevant information that deepens customer engagement beyond their transit journey.

This strategic, one-year agreement will streamline the ticketing experience and introduce new marketing capabilities, enhancing customer engagement and convenience for MRT Jakarta commuters.

Gautam Badalia, Chief Executive Officer, Route Mobile, expressed his excitement about this pioneering collaboration, “We are honoured to partner with PT MRT Jakarta on this innovative project, which brings the convenience of WhatsApp communication to the MRT ticketing experience. With Route Mobile’s solution, customers will benefit from real-time information and seamless QR-based entry and exit, setting a new standard for public transit efficiency. We look forward to enhancing PT MRT Jakarta’s customer engagement through our WhatsApp and email solutions.”

About Route Mobile Limited (www.routemobile.com) (BSE: 543228) (NSE: ROUTE)

Established in 2004, Route Mobile Limited (“RML”) is a cloud communications platform service provider catering to enterprises, over-the-top (OTT) players, and mobile network operators (MNO). RML’s portfolio comprises solutions in messaging, voice, email, SMS filtering, analytics, and monetization. RML has a diverse enterprise client base across various industries, including social media companies, banks and financial institutions, e-commerce entities, and travel aggregators. RML is headquartered in Mumbai, India, with a global presence in Asia Pacific, the Middle East, Africa, Europe, and the Americas. Route Mobile is now a part of Proximus Group, a provider of digital services and communication solutions operating in Belgium and international markets.

Additional Resources

Follow Route Mobile on LinkedIn: https://in.linkedin.com/company/routemobilelimited
Become a fan of Route Mobile: https://www.facebook.com/Routemobilelimited

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BIT Mining Limited Announces Results of Annual General Meeting

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42 minutes ago

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January 8, 2025

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AKRON, Ohio, Jan. 8, 2025 /PRNewswire/ — BIT Mining Limited (NYSE: BTCM) (“BIT Mining” or the “Company”), a leading technology-driven cryptocurrency mining company, today announced the results of its annual general meeting of shareholders (the “AGM”) held on January 7, 2025.

At the AGM, the shareholders of the Company passed the resolution increasing the authorised share capital of the Company to US$440,000 divided into 8,399,935,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each, 65,000 Class A Preference Shares of a nominal or par value of US$0.00005 each, and 400,000,000 Class B Ordinary Shares of a nominal or par value of US$0.00005 each, by the creation of 6,800,000,000 Class A Ordinary Shares of a nominal or par value of US$0.00005 each.

About BIT Mining

BIT Mining (NYSE: BTCM) is a leading technology-driven cryptocurrency mining company with operations in cryptocurrency mining, data center operation and mining machine manufacturing. The Company is strategically creating long-term value across the industry with its cryptocurrency ecosystem. Anchored by its cost-efficient data centers that strengthen its profitability with steady cash flow, the Company also conducts self-mining operations that enhance its marketplace resilience by leveraging self-developed and purchased mining machines to seamlessly adapt to dynamic cryptocurrency pricing. The Company also owns 7-nanometer BTC chips and has strong capabilities in the development of LTC/DOGE miners and ETC miners.

For more information:

BIT Mining Limited
ir@btcm.group
Ir.btcm.group  
www.btcm.group  

Piacente Financial Communications
Brandi Piacente
Tel: +1 (212) 481-2050
Email: BITMining@thepiacentegroup.com

View original content:https://www.prnewswire.com/news-releases/bit-mining-limited-announces-results-of-annual-general-meeting-302345628.html

SOURCE BIT Mining Limited

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