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Dye & Durham Calls Annual General Meeting of Shareholders and Cancels Special Meeting Requisitioned by Engine Capital

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Special Meeting cancelled in response to Engine Capital’s ever-shifting demands2024 Annual Meeting timing consistent with past practice and will spare the cost of holding two meetingsBoard has been substantially renewed as a direct result of constructive shareholder engagement

TORONTO, Oct. 15, 2024 /CNW/ – Dye & Durham Limited (the “Company” or “Dye & Durham”) (TSX: DND) today announced that the board of directors of the Company (the “Board’) intends to call an annual general meeting of shareholders (the “Annual Meeting”) to be held on December 17, 2024.

The previously scheduled special meeting of shareholders (the “Special Meeting”), called in response to a shareholder requisition submitted by investor Engine Capital LP (“Engine”), has been cancelled. After demanding less than one month ago that the Special Meeting be held “without further delay”, Engine, less than one week later, completed yet another about-face and publicly acknowledged that holding the Special Meeting would among other things, impose unnecessary costs on shareholders.

Despite the Board making several good faith attempts and offering significant concessions, Engine’s unreasonable and ever-shifting demands made a settlement that would be in the interests of all stakeholders impossible. As such, the Board looks forward to holding the Annual Meeting, which will be held at a time consistent with past practice, and putting an end to the costly distraction that Engine has caused.

The Board has continued its efforts to engage constructively with all shareholders, and was pleased to announce a cooperation agreement (the “Blacksheep Agreement”) with shareholder Blacksheep Fund Management Ltd. The Blacksheep Agreement will result in one new high calibre director joining the Board in the near term and a second that will be added to management’s slate for the Annual Meeting, which builds upon the substantial refreshment of the Board since the conclusion of the 2023 annual meeting.

Shareholders will receive detailed information about the matters to be presented at the Annual Meeting and information about how to vote in a management information circular in advance of the Annual Meeting.

Advisors

Dye & Durham has retained Goldman Sachs as its financial advisor, Goodmans LLP and Groia & Company as its legal advisors, and Gagnier Communications LLC and Sovereign Advisory Inc. as its strategic communications advisors.

ABOUT DYE & DURHAM LIMITED

Dye & Durham Limited provides premier practice management solutions empowering legal professionals every day, delivers vital data insights to support critical corporate transactions and enables the essential payments infrastructure trusted by government and financial institutions. The company has operations in Canada, the United Kingdom, Ireland, and Australia.

Additional information can be found at www.dyedurham.com.

Forward-Looking Statements

This press release may contain forward-looking information within the meaning of applicable securities laws, which reflects Dye & Durham’s current expectations regarding future events. In some cases, but not necessarily in all cases, forward-looking statements can be identified by the use of forward looking terminology such as “plans”, “targets”, “expects” or “does not expect”, “is expected”, “an opportunity exists”, “is positioned”, “estimates”, “intends”, “assumes”, “anticipates” or “does not anticipate” or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might”, “will” or “will be taken”, “occur” or “be achieved”. In addition, any statements that refer to expectations, projections or other characterizations of future events or circumstances contain forward-looking statements.

Forward-looking statements are not historical facts, nor guarantees or assurances of future performance but instead represent management’s current beliefs, expectations, estimates and projections regarding future events and operating performance. Forward-looking information is based on a number of assumptions and is subject to a number of risks and uncertainties, many of which are beyond Dye & Durham’s control, which could cause actual results and events to differ materially from those that are disclosed in or implied by such forward-looking information. Such risks and uncertainties include, but are not limited to, the factors discussed under “Risk Factors” in Dye & Durham’s most recent annual information form. Dye & Durham does not undertake any obligation to update such forward-looking information, whether as a result of new information, future events or otherwise, except as expressly required by applicable law.

SOURCE Dye & Durham Limited

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Tata Elxsi Launches Coalesce: An Innovative XR Platform for Digital Twins and Remote 3D Collaboration powered by the Snapdragon Spaces XR Platform

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October 16, 2024

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SAN DIEGO and BENGALURU, India, Oct. 16, 2024 /PRNewswire/ — Tata Elxsi, the leading global design and technology services company, announced the launch of Coalesce powered by the Snapdragon Spaces™ XR Platform (Snapdragon Spaces XR Developer Platform | Snapdragon Spaces [qualcomm.com]) from Qualcomm Technologies, Inc. Coalesce is an XR-based immersive collaboration solution that brings together spatial computing, digital twins and simulations. It facilitates reviews of product models and supports collaboration features for sharing text/audio comments, notes, and screen recordings with globally dispersed teams, including a 360-degree review for immersive interaction.

The Snapdragon Spaces XR platform is paving the way to a new frontier of spatial computing. The platform is empowering the creation of immersive experiences for XR devices that enable a multitude of enterprise use cases, for transformative spatial computing experiences.

Tata Elxsi’s Coalesce is a device-agnostic and web-based XR solution on the Snapdragon Spaces platform. This solution uses a wide range of built-in tools, enables effortless navigation through intuitive controls and gestures, and integrates advanced features for functional customisation. With cloud-integrated CMS and Gen AI integration, Coalesce delivers value to industries such as Automotive, Manufacturing, Rail, and High-Tech, blending domain expertise with digital innovation.

Unlike most XR platforms, Coalesce supports seamless, interactive design reviews with any VR device, using a custom UI. The platform is designed primarily for product design reviews like CAD but can also be used for training purposes across various sectors. For instance, Coalesce allows virtual walkthroughs of manufacturing processes for stakeholder collaboration and accelerates automotive design reviews, reducing the need for physical prototypes.

Aditya S Chikodi, Vice President & Head – Industrial Design, Engineering, & XR, said, “Product design and engineering are taking a leap forward with augmented virtual reality and spatial computing. Coalesce introduces a revolutionary approach to digital twins and performance simulation, pushing the boundaries of XR in the product development process.”

Per Neilson, Senior Director, Product Management at Qualcomm Technologies, Inc., added, “Tata Elxsi is working to bring the Coalesce platform to market, empowering industries and executive workforce to collaborate and make real-time decisions in product design and enterprise simulated environments. We are excited to see this platform brought to Snapdragon Spaces.”

To see Coalesce in action, get in touch.

About Tata Elxsi

Tata Elxsi is a fully integrated global design and technology consultancy, creating innovative products, services and experiences to build brands and help businesses grow. It has a multi-disciplinary team of over 13,000 design researchers, strategists, product, UX/UI designers, technologists, and engineers. Tata Elxsi helps clients globally to bring new ideas and award-winning products and services to market. For over 30 years, we have been helping brands differentiate and win.

Tata Elxsi leverages its comprehensive AR/VR capabilities across various sectors, including engineering design and modelling, worker safety, medical training, and virtual showrooms. The company’s expertise in application development, platforms and devices, and service integration ensures robust support for dispersed teams. With advanced development processes and technologies such as AI/ML, GenAI, XR, Metaverse, Tata Elxsi offers end-to-end solutions and platforms to improve user engagement and experience, driving innovation and efficiency in spatial computing. For more information, visit www.tataelxsi.com

Snapdragon branded products are products of Qualcomm Technologies, Inc. and/or its subsidiaries. Snapdragon Spaces is a trademark or registered trademark of Qualcomm Incorporated.

Logo: https://mma.prnewswire.com/media/742257/4913784/Tata_Elxsi_Logo.jpg 

 

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SOURCE Tata Elxsi

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From India to the World: Global Startups Club’s International Expansion to Begin in Dubai & Abu Dhabi

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October 16, 2024

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MUMBAI, India, Oct. 16, 2024 /PRNewswire/ — Global Startups Club, one of India’s largest and most active communities for early-stage founders, entrepreneurs, and investors, is expanding into international markets. With a strong commitment to supporting these startups, Global Startups Club has become a valuable resource, hosting offline networking meetups that connect founders, investors, and entrepreneurs. Building on its success in India, the club is now focusing on global markets, marking a new chapter in its mission to promote entrepreneurial growth. The club has created a network of over 12,000 startup founders, including more than 250 venture capitalists and investors, and thousands of budding entrepreneurs.

Global Startups Club’s international journey starts with major meetups in Dubai & Abu Dhabi, UAE, on 19th and 20th October, in partnership with Bon Conseil. These events will bring together promising startups and influential investors from the region, providing a valuable space for sharing ideas and fostering connections. Drawing on its experience in India, Global Startups Club aims to create an environment where entrepreneurs can learn from each other and explore opportunities for growth.

After launching in the UAE, the club plans to start community building in Canada in November, the United States in partnership with Maulik Mehta of MaShCube – Crossborder Tax Solutions, and the United Kingdom in March in partnership with Gisela Lyshetti of Market Forever Global – Digital Marketing Agency. These locations were chosen to engage with different startup ecosystems and support early-stage businesses looking to grow internationally. Each offline experience will be tailored to meet the needs of startups in these areas, focusing on bringing together investors, mentors, and entrepreneurs to help them succeed.

With an already well-established presence in more than 12 cities across India, Global Startups Club has built a strong community that supports startup founders through meetings and collaborative opportunities. These interactions help startups gain valuable insights and develop partnerships that lead to their success. Cities like Bengaluru, Hyderabad, and Mumbai have become hubs for the club’s vibrant activities, bringing together the brightest minds in the entrepreneurial ecosystem.

The club’s summit in Chennai, scheduled for December 7th, 2024, highlights its strong presence in India. The summit is expected to attract over 450 delegates, including startup founders, investors, and industry leaders from across the country. It will feature engaging panel discussions, keynote speeches, and interactive sessions, creating a platform for sharing ideas and driving growth. As Global Startups Club continues to support startups, this important summit will spark discussions about the future of entrepreneurship in India and worldwide.

As part of its growth plan, Global Startups Club aims to expand to over 15 cities in six countries within the next year. This expansion will focus on key startup hubs worldwide, enabling the club to connect early-stage founders with global investors, mentors, and business opportunities. By encouraging collaborations across borders, the club aims to help startups grow and succeed internationally.

Global Startups Club’s international expansion is a significant step in the journey as a key player in the startup ecosystem. With a strong reputation in India and a strategic move to enter global markets, the club is setting new standards for how startup communities can thrive and make a difference. By focusing on building connections, creating funding opportunities, and supporting talent across borders, the club is not only expanding its reach but also strengthening the global startup community overall.

As the club ventures into international markets, the gatherings in Dubai, UAE; Vancouver, Canada on November 16th; and Seattle, USA on November 30th will lay the foundation for a global network that supports the growth and success of startups everywhere.

About Global Startups Club:

Global Startups Club powered by Mojo Capital is not just an event. It’s an experience that fosters collaboration, innovation, and growth. As a startup networking ecosystem , we pride ourselves on creating dynamic platforms where entrepreneurs, investors, and industry experts converge to build meaningful connections.

Global Startups Club go beyond casual introductions. Our events feature curated networking sessions, ensuring meaningful connections that can fuel your startup journey. We believe in pushing boundaries! Our events incorporate innovative networking formats, from speed dating sessions to interactive workshops, providing diverse opportunities to connect.

For more details and to stay updated on upcoming opportunities, visit Global Startups Club: https://www.globalstartups.club/globalstartupsclub.

Photo: https://mma.prnewswire.com/media/2531989/Global_Startups_Club.jpg

 

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Sony Acquires KinaTrax, Inc. to Expand Its Sports Data Business into Player Performance

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26 mins ago

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October 16, 2024

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– Marking a new expansion into the biomechanics and player performance space –

TOKYO and BASINGSTOKE, United Kingdom, Oct. 16, 2024 /PRNewswire/ — Sony Corporation (“Sony”) today announced that Sony welcomed KinaTrax, Inc. (“KinaTrax”), a leader in research-grade markerless motion capture technology for sports that collects in-game biomechanical performance data on athletes, into Sony’s sports businesses through a recent acquisition.

Joining forces with Hawk-Eye Innovations Limited (“Hawk-Eye”), a Sony group company that forms an integral part of Sony’s sports businesses, KinaTrax will bring its trusted biomechanical and analytical expertise, as well as its markerless motion capture technology to Sony’s portfolio and is expected to further create synergy to maximize the use of sports data for athletes, teams, leagues and fans alike.

Hawk-Eye, Beyond Sports and Pulselive form the core foundation of Sony’s sports businesses, with a shared commitment to deliver best-in-class officiating, broadcast and digital solutions to the sports world around sports data technologies. Welcoming KinaTrax bolsters Sony’s capability to serve important use cases for sports data, such as analysis and biomechanics for coaching, scouting and athletes’ performance.

Rufus Hack, CEO of Hawk-Eye, Pulselive and Beyond Sports stated: “By welcoming KinaTrax into the family, we are excited to further expand our offering, under our mission of unlocking the power and emotion of sport through data. We are incredibly privileged to partner with an overwhelming majority of the top global sports leagues, and this acquisition allows us to broaden our proposition through new biomechanical insights in the critical and growing field of player performance.”

Steven Cadavid, President of KinaTrax also said: “We’re excited to become part of Sony and its sports businesses, and to bring our know-how to complement the powerful tech Hawk-Eye, Pulselive, and Beyond Sports have developed and are delivering today. The future of sports is in deeper data tracking and the creation of smarter insights through innovative technology. With Sony, by enhancing KinaTrax’s expertise in capturing and delivering biomechanical performance data, we aim to contribute to provide sports leagues, teams and players with the best insights to improve performance and pursue success.”

KinaTrax, Inc.

KinaTrax provides professional and collegiate teams with game-changing insights focusing on teams’ most valuable asset: their athletes. The company delivers research-grade markerless motion capture technology that allows teams to collect in-game biomechanical performance data. The camera systems are currently deployed in over 75 stadiums and labs across MLB, MiLB, and NCAA organizations, and are expanding into other sports leagues.

The comprehensive sets of tools for data capture and analysis are operationalized for daily use by players, GMs, coaches, trainers, medical staff, and researchers, providing value that goes beyond traditional scouting, training, and rostering.

About Sony Corporation
Sony Corporation is a wholly owned subsidiary of Sony Group Corporation and is responsible for the Entertainment, Technology & Services (ET&S) business. With the mission to “create the future of entertainment through the power of technology together with creators,” we aim to continue to deliver Kando* to people around the world. For more information, visit: http://www.sony.net/

*Kando is a Japanese word that roughly translates to the sense of awe and emotion you feel when experiencing something beautiful and amazing for the first time.

About Hawk-Eye Innovations Limited
Hawk-Eye has been at the forefront of sports officiating and broadcast enhancement technology since 2001. The world’s biggest sporting events trust Hawk-Eye to make the right call when it matters most.

Hawk-Eye’s vision-processing, video replay and creative graphic technologies make sport fairer, safer, more engaging and better informed. Hawk-Eye’s innovations are constantly changing the face of sports officiating, production, content management, and fan engagement in every sport.

Hawk-Eye forms a key part of Sony’s sports businesses with a shared mission to deliver best-in-class officiating, broadcast and digital solutions to the sports world.

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SOURCE Sony Corporation

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