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Solubag USA, Inc. Announces Strategic Investment by Exit Ventures to Accelerate Global Expansion and Revenue Growth

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HALLANDALE BEACH, Fla., Oct. 17, 2024 /PRNewswire/ — Solubag USA, Inc. (“Solubag”) today announced new funding led by Exit Ventures, a premier venture capital firm based in Utah, to accelerate the company’s global expansion and drive substantial revenue growth.

Solubag has patented its revolutionary, proprietary formula to produce film bags (such as grocery or shipping-envelope bags), non-woven fabric bags, pet waste bags, bubble-wrap, laundry sheets, and firmware (such as utensils, straws, plates, cups, etc.) When Solubag’s products are discarded, they require no recycling or separation from other forms of waste, as they dissolve completely and harmlessly in water or soil in a few weeks to a few months.

Paul Burgon, Managing Partner at Exit Ventures, stated, “We are excited to make a strategic investment in Solubag, a company that is reshaping the future of sustainable materials. Solubag’s unique technology positions it as a leader in the cleantech space, and we look forward to playing a pivotal role in its growth.”

Mike Latham, President and CEO of Solubag, remarked, “The investment by Exit Ventures presents an extraordinary opportunity to expand our reach and accelerate our impact in the marketplace. Their experience in scaling high-growth companies will enable us to achieve our mission of replacing single-use plastics with environmentally responsible products.”

Cristian Olivares, Co-Founder of Solubag, added, “Exit Ventures brings valuable expertise in both cleantech and sustainability, positioning Solubag for profitable growth as we continue to innovate and expand globally.” 

About Solubag

Solubag is a leader in the development of environmentally sustainable alternatives to single-use plastics. Founded in Santiago, Chile, the company developed and patented a proprietary raw material that replaces traditional plastic in single-use products such as shopping bags, dog waste bags, t-shirt bags, bubble-wrap, etc. Solubag’s products dissolve in soil or water, are plastic-free, non-toxic, and eco-friendly, offering a viable solution to the global plastic waste problem. For more information, visit www.solubagusa.com or our consumer platform www.solubagstore.com

About Exit Ventures

Exit Ventures is a leading venture capital firm, investing in early-stage climate tech companies with a focus on transformative, high-impact technologies in massive markets. The firm works closely with global corporate partners in all stages of due diligence, investment, commercial partnership and exits to accelerate the pace of innovation and commercialization of critical climate technologies. www.exitventures.net.

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SOURCE Solubag USA, Inc.

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Entertainment Tech Startup STAYGE Labs Launches ‘LiNC’ App, Connecting Artists with Core Fans

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TOKYO, Oct. 18, 2024 /PRNewswire/ — STAYGE Labs, an entertainment tech startup has officially launched ‘LiNC,’ a fandom communication platform designed to help artists connect more closely and easily with their core fans. LiNC not only strengthens artist-fan relationships but also offers tools that help artists efficiently manage and grow their fanbase.

LiNC provides two key features. First, ‘Private Messaging and One-on-One Video Calls’. Fans can engage with artists through a familiar messenger interface, joining chat rooms for free to receive updates and news. LiNC also includes a paid subscription option, enabling artists to share exclusive content and further build their fandom.

Secondly, ‘Efficient Fan Management for Artists’. For artists and their teams, the platform simplifies managing multiple one-on-one video calls with fans. With just a simple click, managers can oversee numerous video interactions simultaneously, eliminating the hassle of manually adjusting cameras or smartphones.

Before the official launch, STAYGE Labs ran a successful beta test featuring a one-on-one video call event with South Korean actor Park Bo-gum and 100 fans through a previous version of the app called ‘youmeOn.’ During the beta phase, over 100 online events with K-pop artists took place, proving the platform’s potential. Several K-pop artists participated in the beta and actively connected with their fans.

This year, STAYGE Labs plans to expand further by establishing a subsidiary in Tokyo, aiming to enter the Japanese market. The company also plans to bring J-pop artists, actors, and athletes to the platform, enhancing its reach across different entertainment sectors.

Baeg Myung-hyun, CEO of STAYGE Labs, said, “LiNC is designed to foster close relationships between artists and fans while offering a powerful tool for promoting their activities. Our goal is to create a win-win scenario where artists can build loyal core fanbases, and fans enjoy exclusive interactions.” He further emphasized that the company will continue improving the platform and focusing on global market expansion, particularly in Japan.

About STAYGE Labs

STAYGE Labs has been at the forefront of innovation in the entertainment industry for the past eight years. In 2021, the company entered into a strategic partnership with CJ ENM, and by 2022, it successfully launched the K-pop culture platform ‘Mnet Plus,’ which now serves over 10 million global users. STAYGE Labs excels in managing large-scale fan engagement platforms, leveraging its advanced technology and expertise. The company is also expanding into Japan with its subsidiary, STAYGE NXT Lab.

For more information, visit:

STAYGE NXT Lab Homepage: https://stayge.io/ja

LiNC Homepage: https://www.stayge.io/ja/linc

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SOURCE STAYGE Labs

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Hanwha Vision to Discuss Comprehensive Video Surveillance Solutions for Data Centers at DICE West 2024

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SEONGNAM, South Korea, Oct. 18, 2024 /PRNewswire/ — Hanwha Vision, a global vision solution provider, will highlight its range of data center offerings at the Data Center Investment Conference & Expo (DICE) West, taking place December 3rd, in San Jose.

The full-day event explores data center opportunities and development trends across the U.S. West Coast region. It starts at 7:30 PST and the location will be announced shortly.

During the show, Allen DiGerolami, business development manager for data center solutions, Hanwha Vision America, will support Q&A panel sessions focused on data center trends in 2025 and beyond, including “Physical and Cyber Security Convergence” and “What the Future of Security Looks Like in the Data Center Space.”

Along with discussing Hanwha Vision’s end-to-end surveillance solutions like AI-powered cameras, cloud offerings, video management systems (VMS), and IP audio devices, DiGerolami believes that the benefits of AI thermal cameras will also be a popular topic.

“Data center operators increasingly see that AI-powered thermal cameras are vital tools for creating multi- layered, facility-wide protection and maintaining the health of crucial data center equipment, such as server stacks, networking architecture, and HVAC systems. This is especially valuable given the high power demands on data centers today,” DiGerolami said.

In a recent report, the International Energy Agency (IEA) forecast that data centers’ total electricity consumption could reach more than 1,000 terawatt-hours (TWh) in 2026.  That is more than double the energy used to power data centers in 2022. At that time, data centers worldwide consumed 460 terawatt-hours (TWh), representing two percent of global electricity usage.

Preventing Overheating & Equipment Failure

To keep up with rising workloads, data center equipment is often operating round-the-clock at peak capacity. Temperature changes are an early warning sign of equipment problems.

“By providing real-time thermal imaging, these cameras can precisely detect things like overheating in electrical components and server racks, enabling operators to address equipment issues at the start before they lead to costly repairs or unplanned downtime,” DiGerolami said. “In case of immediate emergencies due to electric sparks or fire, AI thermal cameras and integrated video VMS and IP audio solutions, can trigger needed alarms, response protocols, and communications to employees.”

Supporting Energy Efficiency Goals

AI thermal video surveillance cameras can enhance energy efficiency in data centers by enabling computational fluid dynamics (CFD) simulations. They monitor airflow and temperature, helping engineers assess server equipment performance, test cooling unit efficiency, and identify issues like leaks and short circuits. This data allows for the implementation of more efficient and cost-effective cooling strategies.

Exceptional Image Quality – Even In Complete Darkness & At Long Ranges

Thermal cameras complement traditional security cameras by providing exceptional visibility even in low-light conditions or complete darkness, which is crucial for perimeter security in areas like parking lots. They help deter intrusions while ensuring easy access for authorized personnel, supporting 24/7 operations.

Learn More: Hanwha Vision

Hanwha Vision offers a broad range of AI-enabled thermal cameras and end-to-end surveillance solutions that are used in all types of data centers worldwide, including  enterprise, managed, edge, container, hyper-scaler, and co-location. Learn more about Hanwha Vision’s unique data center expertise and complete range of video surveillance solutions. Access Hanwha Vision’s whitepaper on thermal camera imaging. Along with its industry-leading video surveillance camera technologies, Hanwha Vision offers innovative cloud solutions, recording management devices, IP audio, software, and a range of accessories. Learn more about Hanwha Vision.

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SOURCE Hanwha Vision

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Steve McCool’s response to Deepak Jain’s recent indictment

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BALTIMORE, Oct. 17, 2024 /PRNewswire/ — Deepak Jain and his company performed fully under the SEC contract. There is no evidence that any data was lost or compromised in any way. Mr. Jain is an innocent man who looks forward to confronting these charges at trial.

Steve McCool, attorney for Mr. Jain

View original content:https://www.prnewswire.com/news-releases/steve-mccools-response-to-deepak-jains-recent-indictment-302279865.html

SOURCE Deepak Jain

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