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goTenna expands critical collaboration with the U.S. Navy to enhance robust & reliable communication capabilities amid global challenges

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goTenna to Enhance the U.S. Navy’s Tactical Communications with Advanced Mobile Mesh Networking in High-Risk Environments

JERSEY CITY, N.J., Oct. 1, 2024 /PRNewswire/ — goTenna, the world’s leading mobile mesh networking company, was awarded a 16-month follow-on contract with the U.S. Navy to develop more robust and resilient communications for low-bandwidth environments. Under this Naval Information Warfare Center (NIWC) Pacific contract, goTenna will continue efforts to migrate its Aspen Grove mesh networking protocols to existing Navy radios to ensure secure, tactical communications in any threat environment.

Aspen Grove is goTenna’s suite of innovative mesh networking protocols, designed from the ground up for robust and resilient communications in the most austere and challenging environments. Initially developed for moving small burst data over long ranges through goTenna’s Pro X line of radios, Aspen Grove is now being adapted for use on other hardware platforms, including existing naval radio platforms used by U.S. Navy vessels. Working closely with NIWC Pacific, these efforts by goTenna will ultimately produce similarly robust, resilient, and reliable next-generation naval communications for current and future conflicts.

goTenna’s contract comes at a time when near-peer adversaries are actively attempting to disrupt American military technology. The world has witnessed the importance of secure military communications in conflicts like the war in Ukraine, and preparing sailors for similar situations is fundamental to American military success in future operations.

“We are proud to continue our partnership with the U.S. Navy on this vital project,” said Ari Schuler, goTenna CEO. “This software-focused effort demonstrates how goTenna’s protocols can enhance the resilience of non-goTenna communications hardware platforms in contested and denied environments. goTenna looks forward to continuing to support the Navy with innovative solutions that ensure sailors and vessels can remain connected in any situation.”

This project began in December 2021 when the Navy chose goTenna as the winner of the Networks Challenge in Naval Information Warfare System Command’s (NAVWAR) Networks Advanced Naval Technology Exercise (NetANTX), a prize competition seeking operationally relevant innovations and emerging networking technologies in support of Project Overmatch. That win led to the Navy awarding goTenna a follow-on contract in May 2023 to begin migrating Aspen Grove to naval radios.

About goTenna:
goTenna is advancing universal access to connectivity by building the world’s most intelligent and scalable mobile mesh networks. goTenna is the world’s leading mobile mesh networking company, providing off-grid connectivity solutions for smartphones and other devices, as well as augmenting traditional communications networks. This technology enables mobile, long-range connectivity without cell, wifi, or satellite connectivity. goTenna’s drive to create resilient connectivity began during Hurricane Sandy in 2012 when approximately a third of cell towers and power stations in affected areas failed. goTenna’s products are currently used by over 300 law enforcement, military, and public safety agencies worldwide. goTenna is backed by investors, including Union Square Ventures, Founders Fund, Lockheed Martin Ventures, Vanedge Capital, ONE9, Moore Capital, Comcast Ventures, MentorTech Ventures, Walden Venture Capital, and Anchor Capital. For more information, visit gotenna.com

About Project Overmatch
Project Overmatch is a high priority Department of the Navy initiative to deliver a more lethal, better-connected fleet of the future by connecting manned and unmanned platforms, weapons and sensors together in a robust Naval Operational Architecture that integrates with Joint All-Domain Command and Control for enhanced Distributed Maritime Operations.

Critical to Project Overmatch is the development of networks, infrastructure, data architecture, tools and analytics that support the operational and developmental environment that will enable sustained maritime dominance for years to come.

About NetANTX Challenge

To deliver this modernized network, the NetANTX Challenge focused on exploring new networking technologies that will advance the reach, capacity, and resiliency of the maritime tactical network in support of Project Overmatch.

Selected phase two participants were invited to demonstrate their solutions in a simulation-based environment that employed tactically relevant scenarios in operationally relevant conditions. The first-place entry won $75,000, while second place was awarded $25,000. Winners were announced in November 2021.

About NAVWAR

NAVWAR identifies, develops, delivers and sustains information warfighting capabilities and services that enable naval, joint, coalition and other national missions operating in warfighting domains from seabed to space and through cyberspace. NAVWAR consists of more than 11,000 civilian, active duty and reserve professionals located around the world.

About NIWC Pacific

Naval Information Warfare Center (NIWC) Pacific is the Navy’s premier research, development, test, and evaluation, engineering, and fleet support center for command, control, communications, computers, intelligence, surveillance, and reconnaissance (C4ISR), cyber, and space capabilities. NIWC Pacific delivers full-spectrum solutions and technologies that enable information dominance and ensure mission success for naval, joint, and coalition warfighters.

Company Press Contact:
Natalia Sorto
Associate Director, Content and Digital Marketing
press@gotenna.com

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SOURCE goTenna

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Max Stock Limited Announces Change in Shares Held by an Interested Party

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CAESAREA, Israel, Nov. 24, 2024 /PRNewswire/ — Max Stock Limited (TASE: MAXO(; )the “Company”, “Max Stock“) today announced that on November 20th, 2024, Phoenix Financial Ltd. and Phoenix Investment House Ltd. (“Phoenix reporting group”), including their respective nostro account, provident funds and provident fund management companies, as well as mutual fund management companies and market maker sub entities, informed the Company that they had sold shares of the Company thereby lowering their joint holdings to 4.8% of the Company’s issued capital (4.15% and 0.65% respectively). As a result, Phoenix reporting group will no longer be an interested party in the Company.

This is an English translation of segments of a Hebrew immediate report that was published on November 24, 2024 (Ref. No: 2024-01-618032) (hereinafter: the “Hebrew Version”). This English version is only for convenience purposes. This is not an official translation and has no binding force. In the event of any discrepancy between the Hebrew Version and this translation, the Hebrew Version shall prevail.

About Max Stock

Max Stock is Israel’s leading extreme value retailer, currently present in 64 locations throughout Israel and 2 locations in Portugal. We offer a broad assortment of quality products for customers’ everyday needs at affordable prices, helping customers “Dream Big, Pay Small”. For more information, please visit https://ir.maxstock.co.il                 

Company Contacts:

Talia Sessler,
Chief Corporate Development and IR Officer
talia@maxstock.co.il

View original content:https://www.prnewswire.com/news-releases/max-stock-limited-announces-change-in-shares-held-by-an-interested-party-302314811.html

SOURCE Max Stock Limited

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Qatar Development Bank announces strategic investment in global Islamic FinTech, Wahed

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Qatar Development Bank (QDB) announces a strategic investment in Wahed, a global Shariah-compliant fintech.

Wahed currently manages over $1 billion in assets and has attracted over 400,000 clients worldwide. The company is built on the principles of democratizing access to financial services and offers clients access to Shariah-compliant investments in its mobile app. Wahed removes the barriers to sophisticated investment management services that have been traditionally reserved for high-net-worth investors.

Khalid Al Jassim, Executive Chairman of Wahed MENA said: ‘We are delighted to welcome our new shareholders, QDB. We believe Qatar is fully aligned with our mission in creating a technology-first Islamic finance leader that unlocks a financial ecosystem free from Riba. We look forward to supporting the Qatar National Vision 2030 of becoming a leading knowledge-based economy.

Ali Rahimtula, Partner at Cue Ball Capital said: “Qatar Development Bank’s strategic investment is a clear signal of the faith the industry has in Wahed and its ability to create the future of Islamic Finance.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

About Qatar Development Bank

Qatar Development Bank’s mission is to advance the economic and innovation development cycle of Qatar, supporting and contributing to the nation’s economic diversification. As well as a focus on the development of Qatar’s private sector, QDB is a powerful catalyst for socio-economic development in the country, empowering the local economy and bettering living standards.

For more information, visit: https://www.qdb.qa/

 

SOURCE Wahed

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Wahed appoints Khalid Al Jassim as Executive Chairman of Wahed MENA to help guide the strategic growth of Wahed in the region

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DOHA, Qatar, Nov. 24, 2024 /PRNewswire/ — Wahed, a global Shariah-compliant fintech, has appointed Khalid Al Jassim as Chairman of Wahed MENA.

On this appointment, Khalid commented, ”I am excited to guide Wahed’s growth in the region. Wahed’s mission of furthering Islamic Finance is one I resonate with deeply and I look forward to supporting its growth ambitions.”

Khalid has over twenty five years of investment banking and corporate advisory experience gained with some of the most innovative and groundbreaking institutions in the world.

His career spans leading firms including SABIC, Arthur Anderson and Arcapita Bank in Bahrain, where he was instrumental in making it into one of the PE powerhouses in the region. His responsibilities started in the earlier years with establishing the Investment Placement Team and transforming it into one of the most robust teams in the industry. At the time that Khalid left Arcapita to build his personal business, he was an Executive Director. Today he is Chairman of Afkar Vision, a private advisory house specialized in mergers and acquisitions with offices in Manama, Dubai and Riyadh.

As well as being one of the earliest investors in Wahed, he is currently Chairman of the Audit Committee and Board Member at Bahrain Islamic Bank, the 4th oldest Islamic Bank in the World and Board Member at SICO Bank and SICO Capital in Saudi, an $8bn asset manager in the region.

Mohsin Siddiqui, Wahed CEO said, “We are delighted to announce Khalid’s appointment. His unique understanding of the financial landscape in the MENA region is unparalleled and we are excited to bring this expertise in continuing to grow our presence in the region.”

About Wahed

Founded in 2015, Wahed is a financial technology company that is advancing financial inclusion through accessible, affordable, and values-based investing. The company has made significant inroads in the world Shariah compliant investing by creating an easy-to-use digital platform that provides a suite of Shariah compliant investing products including managed portfolios and venture and real estate investments. Wahed caters to over 400,000 customers globally and manages over $ 1 billion in assets.

For more information, visit: www.wahed.com

Photo – https://mma.prnewswire.com/media/2566076/Wahed_MENA_Khalid_Al_Jassim.jpg

View original content:https://www.prnewswire.co.uk/news-releases/wahed-appoints-khalid-al-jassim-as-executive-chairman-of-wahed-mena-to-help-guide-the-strategic-growth-of-wahed-in-the-region-302314779.html

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