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Prism Worldwide Raises $40 Million in Series A and A1 Funding Co-Led by Columbia Pacific Advisors and former Costco CEO Jim Sinegal

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The company will use the funds to accelerate the commercialization of its sustainable thermoplastic elastomers, high-performance materials derived from recycled end-of-life tires

KIRKLAND, Wash., Nov. 19, 2024 /PRNewswire/ — Prism Worldwide, a leader in innovative material solutions that is dedicated to advancing end-of-life tire recycling technology, today announced it has raised $40 million in Series A and Series A1 funds. Prism is using the funds to consolidate operations, make capital investments in technology and equipment, and expand its team. To date, the funding has provided a foundation from which Prism has reached commercial viability, demonstrated by an initial round of sales and sales commitments for its thermoelastic polymers (TPEs). The development of these TPEs marks the first time any company has successfully created a sustainable, high-performance polymer derived from end-of-life tires. The funding rounds were co-led by return investors Columbia Pacific Advisors, a Seattle alternative investment firm, and Jim Sinegal, co-founder and former CEO of Costco. The combination Series A and Series A1 funding round also includes participation from Robert “Spike” Anderson, former CEO of Anderson Daymon Worldwide. Anderson is Chairman of Prism Worldwide’s board of directors.

“Prism has achieved what no other company has by successfully developing a novel method to turn end-of-life tires into a useful polymer that can be compounded into a wide range of rubber and plastic products,” said John Bratrud, Portfolio Manager, Columbia Pacific Advisors. “Solving the challenge of recycling tires and transforming them into sustainable, high-quality, and reliable material opens a wide range of revenue pathways in every market that uses elastomers and plastics.”

The first deployment of Series A capital was for the acquisition of CRC Polymer Systems, a custom compounding company that supplies compounds, resins, and colors to the plastics industry. The acquisition enabled Prism to increase its capacity for product development, manufacturing and distribution throughout the United States and North America.

“Few companies have such a significant number of avenues to achieve financial success,” said Jim Sinegal, independent investor and co-founder and former CEO of Costco. “In addition to individual customers, Prism’s technology holds profound value for large petrochemical polymer companies seeking ways to make their virgin materials more sustainable.”

Prism breathes new life into end-of-life rubber tires, which traditionally have limited high-value uses. Tires are often burned or ground into final-stage materials used on playground surfaces or sporting fields. With its environmentally friendly technology, Prism reverses the polymerization of the end-of-life tire rubber in a novel, energy-efficient, and low capital-intensive manner that allows the end material to be functional and flexible in a wide range of elastomer and plastic applications. Notably, Prism makes it possible to integrate a higher concentration of recycled materials to be used in both rubber-based and plastic-based products without conceding product quality. Its technology can help companies scale revenues and profitability while helping them achieve sustainability goals by reducing carbon emissions and reliance on virgin petrochemical-based materials.

“Our patented technology has already captured the attention of a significant number of customers in the specialty polymer industry,” said Bob Abramowitz, CEO, Prism Worldwide. “This novel technology eliminates the common fate of end-of-life tires and waste plastics that often litter landfills or illegal dumps by creating functional polymers from these valuable recycled materials. We’re already fielding inquiries from a host of companies seeking ways to make their consumer and industrial products more sustainable. Even more compelling is that once the products manufactured from our polymer intermediates reach their end-of-life usefulness, they can be recycled again, creating a truly circular, long life.”

Notably, Prism is producing a real-world product that’s available for purchase today.

About Prism Worldwide
Prism was founded on the principle that there should be a better use for end-of-life (ELT) tires. We recognize that to solve this long-standing issue we need solutions that provide performance-oriented products. This requires that we address the problem differently.

Developed and patented in the United States, Prism’s technology and products are American-made and American-sourced. Prism provides a cost-effective solution that helps end users increase profitability by using sustainable materials.

We are bringing new patented technology to the market by producing polymer intermediates derived from ground tire rubber. These performance solutions for TPE, TPV, TPO markets (Ancora) and rubber modified plastics polymer markets (Ennova) are sustainable and circular, creating higher value uses for end-of-life tires and offering a route to Making Tires More Circular.

In November 2022, Prism acquired CRC Polymer Systems (CRC), a custom compounding company supplying compounds, resins, and colors to the plastics industry. For more information please visit https://prismww.com/.

Media contact:
Dwain Schenck
386410@email4pr.com 
+1 (203) 223-5230

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SOURCE Prism Worldwide

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Decentral Life Congratulates New Outdoorsmen.com CEO, Jeffory Gabrelcik, Ret. USAF

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GREENWOOD VILLAGE, Colo., Nov. 19, 2024 /PRNewswire/ — Decentral Life, Inc. congratulates the Outdoorsmen management team for selecting decorated and retired Chief Master Sgt. Jeff Gabrelcik, U.S. Air Force, as their new Chief Executive Officer.

Jeff Gabrelcik brings a unique combination of entrepreneurial expertise and military leadership to the role of Outdoorsmen’s CEO, with over 35 years of diversified experience. Jeff has held multiple senior leadership positions at the United States Pentagon and has been awarded over 55 medals and decorations during his distinguished career protecting and defending the United States of America. His extensive, deployment and military service has deepened his commitment to supporting military personnel, veterans, and first responders.

Jeff has built a successful track record as an entrepreneur, with experience across the financial, software, and service industries. His decorated career at The Pentagon, protecting the country we all love, equips him with a unique set of skills and experience to lead Outdoorsmen into its next phase of growth and innovation, said Decentral Life’s Chairman and CEO, Ken Tapp. Jeff is supported by a fantastic team of executives and support personnel such as Advisor to the Board, Retired United States Marine Corps Officer, Mr. Steve Reichert. Steve has over two decades of dedicated service both directly on and in support of highly sensitive U.S. Government programs. He is a trusted asset to many corporate and government leaders, including U.S. Presidents who rely on him to handle the most sensitive situations with precision and care, added Tapp.

About Decentral Life:
Decentral Life, Inc. (OTC: WDLF) is a SaaS company providing Blockchain and AI technology through license agreements with technology companies and operates a Technology Business Incubator (TBI) as a division of the company, which provides tech start-ups with technology solutions, executive leadership, and C-suite consulting services aimed to making it easier for start-up founders to focus on growing their business growth.

For more information, visit the website at: https://www.Decentral-Life.com

Safe Harbor & Disclaimer

This information also contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified using the words could, believe, anticipate, intend, estimate, expect, may, continue, predict, potential, possible, project and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this presentation. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations, and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations, or intentions will be achieved.

Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results may differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether because of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. Risks include but are not limited to general risks associated with partnerships, client cashflow, lack of sufficient capital, changes in industry related laws; possible impairment of assets, stock market conditions and liquidity in our traded stock. No information in this press release should be construed as any indication whatsoever of our current or future financial results, revenues, or stock price.

View original content:https://www.prnewswire.com/news-releases/decentral-life-congratulates-new-outdoorsmencom-ceo-jeffory-gabrelcik-ret-usaf-302310303.html

SOURCE Decentral Life, Inc.

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Netskope Partners with Microsoft to Offer Enterprise Customers Advanced SSE Capabilities

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Seamless integration combines flexibility and best-in-class security with Netskope One SSE to create a comprehensive data protection posture

SANTA CLARA, Calif., Nov. 19, 2024 /PRNewswire/ — Netskope, a leader in Secure Access Service Edge (SASE), today announced the extension of its partnership with Microsoft to provide advanced Security Service Edge capabilities to enterprise customers seeking to converge web, SaaS, and private application security into a single platform. Microsoft chose Netskope as its lead partner to deliver industry-leading Netskope One SSE integrated capabilities directly into the in-product experience of Microsoft Entra Suite.

As enterprises leverage Netskope together with Microsoft’s product offering, this integration streamlines operations and processes for security practitioners, delivers and preserves a high-quality end user experience, and simplifies administration for customers that require complete SSE capabilities.

Microsoft customers get a native SSE experience leveraging their investment in the Entra Suite, especially for Microsoft applications, and the ability to use Netskope’s Advanced SSE capabilities, such as advanced threat and data protection for Microsoft and non-Microsoft applications.

The integrated SSE solution was announced today at Microsoft Ignite. For three years in a row, Netskope has been named a Leader in the Gartner Magic Quadrant for SSE, and has also been named a Leader in the inaugural Forrester Wave for SSE.

“Microsoft continues to invest in security initiatives and sought a trusted partner that can provide enterprise customers with differentiated security solutions to address high-value use cases. We are proud that they selected Netskope as the lead partner to work on this integrated, flexible SSE solution and we look forward to bringing customers the best in SSE, tailored to match their flexibility and choice,” said John Martin, chief product officer, Netskope.

“We chose SSE leader Netskope as our first partner in building an open SSE ecosystem. This partnership ensures Microsoft’s customers get the best combination of security, experience and performance, helping protect their data from cyber threats,” said Joy Chik, president, Identity and Network Access at Microsoft. “We’re committed to providing our customers with the flexibility to choose an SSE solution that best fits their environment as their security needs evolve.”

Netskope’s Advanced SSE for Microsoft will be available via the Microsoft Azure Marketplace and through Microsoft partners. For more information, visit here.

About Netskope
Netskope, a global SASE leader, helps organizations apply zero trust principles and AI/ML innovations to protect data and defend against cyber threats. Fast and easy to use, the Netskope One platform and its patented Zero Trust Engine provide optimized access and real-time security for people, devices, and data anywhere they go. Thousands of customers trust Netskope and its powerful NewEdge network to reduce risk and gain unrivaled visibility into any cloud, SaaS, web, and private application activity—providing security and accelerating performance without compromise.

Learn more at netskope.com, on the Netskope blog, on LinkedIn, and Instagram.

Media Contact:
press@netskope.com

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SOURCE Netskope

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Aviatrix® Unveils Integration with Microsoft Security Service Edge Solution to Supercharge Cloud Perimeter Security

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Aviatrix Secure Edge for Microsoft Security Service Edge solution Provides Zero-Trust Access to Any Endpoint for Entra users

SANTA CLARA, Calif., Nov. 19, 2024 /PRNewswire/ — Aviatrix®, a cloud network security company, today unveiled a new integration with Microsoft’s Security Service Edge solution, powered by Microsoft Entra and designed to extend secure zero trust access across any endpoint. With Aviatrix Secure Edge for Microsoft Security Service Edge, any user, application, or workload across all major clouds and on-premises can enjoy fully secure, always-on access to Microsoft Global Secure Access without any agents or host configuration.

As both users and applications have become decentralized to leverage the cloud, security teams need a new approach to protect their businesses from more sophisticated threats and vulnerabilities. This new approach must adhere to the core principles of zero trust, use least privilege, verify explicitly, and assume breach.

Through this new collaboration, Aviatrix has pioneered a new approach to zero trust access by combining the flexibility, intelligence, and expanded reach of Microsoft Security Service Edge solution with the advanced networking capabilities and multicloud know-how of Aviatrix. The result is a SASE platform that unifies the Microsoft Global Secure Access platform across the entire cloud network and customer edge, and provides always-on, instant secure user access to the Internet, Microsoft 365, SaaS, and private services for any host or workload.

Aviatrix has a longstanding history of collaborating with key industry organizations, including Microsoft. Aviatrix Secure Edge for Microsoft Security Service Edge solution, which is currently in private preview, offers a unique and innovative experience for Microsoft Entra users by allowing any network connected server, workstation, or service in any major cloud or private network secure and always-on access to Microsoft Global Secure Access.

“Today’s enterprises face unique challenges when it comes to securing their networks,” said Chris McHenry, SVP of Product Management at Aviatrix. “The Microsoft Entra suite of products is trusted by the world’s largest global enterprises. The powerful combination of Aviatrix and Microsoft Security Service Edge solution ensures that applications and workloads – irrespective of cloud environment or network configuration – can enjoy fully secure, always-on access to Microsoft Global Secure Access.”

Users can access Aviatrix Secure Edge for Microsoft Security Service Edge solution directly within the Entra Admin Portal under Microsoft Global Secure Access and set it up in minutes, adding support for cloud perimeter security and route isolation and optimization.

Aviatrix also unveiled a new integration with Microsoft Security Copilot while on-site at Microsoft Ignite. To learn more about the two new integrations, visit this page.

About Aviatrix 

Aviatrix® is the cloud network security company. We’re on a mission to make cloud networking simple so companies stay agile. Trusted by more than 500 of the world’s leading enterprises, our cloud networking platform creates the visibility, security, and control needed to adapt with ease and move ahead at speed. Combined with the Aviatrix Certified Engineer (ACE) Program, the industry’s leading multicloud networking and security certification, Aviatrix empowers the cloud networking community to stay at the forefront of digital transformation. Learn more at www.aviatrix.com.

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SOURCE Aviatrix

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