/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES. ANY FAILURE TO COMPLY WITH THIS RESTRICTION MAY CONSTITUTE A VIOLATION OF U.S. SECURITIES LAWS./

TORONTO, Nov. 28, 2024 /CNW/ – Blockchain Venture Capital Inc. (the “Company” or “BVCI”) announces that Richard Zhou has resigned as President, Chief Executive Officer, and as Chairman of the Board of Directors of the Company (the “Board”), effective November 25, 2024, and the Board has accepted his resignation. The Company thanks Mr. Zhou for his valuable contributions as founder of the Company.

The Company has appointed Thomas Griffin as President and Chief Executive Officer and to the Board. In the last 35 years, Mr. Griffin has been a global entrepreneur with proven success, a seasoned executive, advisor and investor; a well-respected finance, strategy and business development executive. He places emphasis on profitability and growth which his partners and stakeholders trustfully embrace.

With a unique set of skills focusing on growth-stage and turn-around businesses across various industries, Mr. Griffin provides structure and strategy by leveraging his cross-cultural communication skills with his experiences in both the East and the West. Mr. Griffin has had success working with medium-sized, state-owned and multi-national organizations both public and private in various capacities.

The Board has also appointed Marc Kealey to serve as Chairman of the Board. Mr. Kealey was appointed as a Director of the Board in 2023.

This news release does not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the securities in any jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such jurisdiction. This news release does not constitute an offer of securities for sale in the United States. The securities being offered have not been, nor will they be, registered under the United States Securities Act of 1933, as amended, and such securities may not be offered or sold within the United States absent registration under U.S. federal and state securities laws or an applicable exemption from such U.S. registration requirements.

About the Company

BVCI is an Ontario incorporated company and is registered as a money service business with the Financial Transaction and Reports Analysis Centre of Canada (FINTRAC). It is a provider of an innovative technology infrastructure to participants in the emerging blockchain and distributed ledger technology industry. Instrumental to BVCI’s business and growth strategy is BVC Chain, a proprietary blockchain platform and distributed ledger technology, which can operate as a centralized or decentralized ledger. BVC Chain was designed to be a turnkey solution, which can be customized and implemented by organizations wishing to deploy blockchain platform based solutions, products or services. BVC Chain will also serve as the platform and infrastructure for BvcPay and CADT. BvcPay is a cloud based mobile application that is intended to have the capability to function as a Digital Currency wallet and which can facilitate point of sale and online transactions using Bitcoin, Ethereum and CADT. CADT is the native Digital Currency of the BVC Chain, and it is intended to be a stablecoin. BVCI’s CADT business division is expected to issue CADT, a cryptographic stablecoin supported on a 1:1 basis with an equivalent amount of Canadian dollar held in a custodial account. CADT is expected to support real time pricing, payment, settlement, digital asset issuance and ledger capabilities.

Unless and until BVCI obtains the necessary regulatory approvals or unless it can rely on an exemption from the prospectus and registration requirements in furtherance of the issuance and trading of CADT, there is no assurance BVCI will be able to pursue its proposed CADT business or any related BvcPay business that relies on CADT.

Although the term “stablecoin” is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset if and when traded on secondary markets or that the reserve of assets will be adequate to satisfy all redemptions.

Forward-Looking Information and Statements

Certain statements in this news release may constitute “forward-looking” statements which involve known and unknown risks, uncertainties and other factors which may cause actual results, performance or achievements of the Company or the industry in which it operates to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. When used in this news release, the words “estimate”, “believe”, “anticipate”, “intend”, “expect”, “pursue”, “proposed”, “plan”, “may”, “would”, “should”, “will”, the negative thereof or other variations thereon or comparable terminology are intended to identify forward-looking statements. Forward-looking statements in this news release include, but are not limited to statements related to: the Company’s business plans and strategies; and Mr. Griffin’s contributions to the Company. Such statements reflect the current expectations of the management of the Company with respect to future events based on currently available information and are based on certain assumptions and are subject to risks and uncertainties that could cause actual results, performance or achievements to differ materially from those expressed or implied by those forward-looking statements, including assumptions and risks related to receipt of regulatory approvals and to carry on its proposed CADT business or any related BvcPay businesses. These risks and uncertainties are detailed from time to time, including, without limitation, under the heading “Risk Factors”, in the Company’s listing statement, which is available on www.sedarplus.com., and in other continuous disclosure documents that are filed by the Company from time to time and which are available at www.sedarplus.com and to which readers of this news release are referred for additional information concerning the Company, its prospects and the risks and uncertainties relating to the Company and its prospects. New risk factors may arise from time to time and it is not possible for management to predict all of those risk factors or the extent to which any factor or combination of factors may cause actual results, performance and achievements of the Company to be materially different from those contained in forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure investors that actual results will be consistent and investors should not place undue reliance on forward-looking statements as a prediction of actual results.

The forward-looking information contained in this news release is current only as of the date hereof. The Company does not undertake or assume any obligation, except as required by law, to release publicly any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events.

No securities commission or regulatory authority has approved or disapproved the contents of this news release.

Neither the Canadian Securities Exchange nor its Regulation Services Provider (as that term is defined in the policies of the Canadian Securities Exchange) accepts responsibility for the adequacy or accuracy of this release nor have they approved or disapproved of the content hereof.

SOURCE Blockchain Venture Capital Inc.

GATINEAU, QC, Nov. 28, 2024 /CNW/ – The Competition Bureau is taking legal action against Google for anti-competitive conduct in online advertising technology services in Canada. Following a thorough investigation, the Bureau has filed an application with the Competition Tribunal that seeks to remedy the conduct for the benefit of Canadians.

This case is about online web advertising, which consists of ads shown to users when they visit websites. Many publishers count on digital ad revenue to support their activities and reach. Digital ad inventory is often purchased and sold through automated auctions using sophisticated platforms. These individual platforms are known as ad tech tools while the entire suite of tools used throughout the buy and sell process are collectively known as the ad tech stack.

The Bureau’s investigation found that, in Canada, Google is the largest provider across the ad tech stack for web advertising and has abused its dominant position through conduct intended to ensure that it would maintain and entrench its market power. Google’s conduct locks market participants into using its own ad tech tools, prevents rivals from being able to compete on the merits of their offering, and otherwise distorts the competitive process.

In particular, the Bureau found that Google has:

unlawfully tied its various ad tech tools together to maintain its market dominance; andleveraged its position across these ad tech tools to distort auction dynamics by:giving its own tools preferential access to ad inventory,taking negative margins in certain circumstances to disadvantage rivals, anddictating the terms on which its own publisher customers could transact with rival ad tech tools.

The Bureau’s position is that by implementing this anticompetitive conduct, Google has been able to entrench its dominance, prevent rivals from competing, inhibit innovation, inflate advertising costs and reduce publishers’ revenues.

The Bureau’s application with the Competition Tribunal seeks an order that, among other things:

requires Google to sell two of its ad tech tools;directs Google to pay a penalty to promote compliance with the Competition Act; andprohibits Google from continuing to engage in anticompetitive practices.

The final decision in this matter rests with the Competition Tribunal.

A backgrounder with more information on the Bureau’s investigation and next steps is available on our website. The application to the Competition Tribunal will be available on the Tribunal’s website shortly.

Quotes

“The Competition Bureau conducted an extensive investigation that found that Google has abused its dominant position in online advertising in Canada by engaging in conduct that locks market participants into using its own ad tech tools, excluding competitors, and distorting the competitive process. Google’s conduct has prevented rivals from being able to compete on the merits of what they have to offer, to the detriment of Canadian advertisers, publishers and consumers. We are taking our case to the Tribunal to stop this conduct and its harmful effects in Canada.”

Matthew Boswell
Commissioner of Competition

Quick facts

A recent Bureau study showed that a decline in competition deprives both businesses and consumers of the benefits of a competitive economy, including lower prices, greater choice, and more innovation.Online web advertising consists of ads shown to users when they visit websites.Advertisers and publishers use advertising technology services to support the selling and buying of online web ads. Google is unquestionably the largest provider of ad tech tools across the supply chain.In 2021, the Bureau obtained its first court order related to this investigation into Google’s online advertising business.Earlier this year, the Bureau obtained another court order and expanded its investigation. The Bureau also investigated Google in 2016 for alleged anti-competitive conduct relating to online search, search advertising and display advertising. At that time, the Bureau committed to closely follow developments with respect to Google’s conduct.

Related products

Backgrounder: Competition Bureau sues Google for anti-competitive conduct in online advertising

Associated links

Competition Bureau expands its investigation into Google’s advertising practicesCompetition Bureau obtains court order to advance an investigation of GoogleCompetition Bureau completes extensive investigation of GoogleRestrictive trade practicesWhy competition matters

General information:

Request for information | Complaint form

Stay connected:

X (Twitter) | Facebook | LinkedIn | YouTube | RSS Feed | Email Distribution List

The Competition Bureau is an independent law enforcement agency that protects and promotes competition for the benefit of Canadian consumers and businesses. Competition drives lower prices and innovation while fueling economic growth.

SOURCE Competition Bureau

NEW YORK, Nov. 28, 2024 /PRNewswire/ –Report on how AI is driving market transformation – The global printed electronics market size is estimated to grow by USD 68.68 billion from 2024-2028, according to Technavio. The market is estimated to grow at a CAGR of  17.92%  during the forecast period. Growing demand for flexible display is driving market growth, with a trend towards emerging stretchable electronics. However, challenge of encapsulation  poses a challenge. Key market players include Agfa Gevaert NV, BASF SE, DuPont de Nemours Inc., Dycotec Materials Ltd., Enfucell, Fujikura Co. Ltd., Henkel AG and Co. KGaA, InnovationLab GmbH, Jabil Inc., Koch Industries Inc., Nissha Co. Ltd., NovaCentrix, Optomec Inc., Printed Electronics Ltd., Samsung Electronics Co. Ltd., Schreiner Group GmbH and Co. KG, TE Connectivity Ltd., Xerox Holdings Corp., YFY Inc., and Ynvisible Interactive Inc.

Key insights into market evolution with AI-powered analysis. Explore trends, segmentation, and growth drivers- View Free Sample PDF

Market Driver

The Printed Electronics Market is experiencing significant growth, particularly in consumer electronics and IoT applications. OLED displays and printed RFID devices are leading the trend, offering higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Companies like CymMetrik are driving innovation with advanced materials, inks, and substrates. Flexible substrates, such as glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET), are used in various devices like photovoltaic, lighting, RFID, and other devices. Ink materials and substrate material segments are key areas of focus, with conductive inks in silver, carbon, and metallic varieties, and graphene ink gaining popularity. Printing technologies like inkjet, screen-printing, gravure, and flexographic are used, with R2R printing and offset printing also in use. While high investment costs are a challenge, the market’s potential for cost-effectivity, accuracy, authenticity, reliability, and innovation in smart packaging, photovoltaic devices, solar energy, and various other devices make it an exciting space to watch. 

Stretchable electronics, a technology for constructing flexible electronic circuits, is gaining significant traction in various industries. These electronics are designed to be placed on stretchable substrates or embedded within materials like silicones and polyurethanes. The market for stretchable electronics is projected to expand, particularly in the healthcare sector. This growth is attributed to the increasing demand for real-time patient monitoring, especially for individuals with critical health conditions, as well as the application of these technologies in military and sports sectors for health tracking and management. Key applications include cyber skins for robotic devices, implantable electronics, moldable energy storage devices, and blood glucose test strips. 

Request Sample of our comprehensive report now to stay ahead in the AI-driven market evolution!

 Market Challenges

 The Printed Electronics Market is experiencing significant growth due to its applications in consumer electronics, IoT devices, and various other sectors. OLED displays and RFID devices are leading the way, offering advantages such as higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Companies like CymMetrik are driving innovation with advanced materials, inks, and substrates. Flexible substrates like glass, silicon, and flexible foil, as well as paper and PET, are used in inkjet printing, screen-printing, and other technologies. Challenges include high investment cost for advanced technologies like R2R printing, gravure printing, offset printing, and inkjet or screen printing. The market for printed batteries, sensors, and medical & healthcare devices is expanding, with a focus on accuracy, authenticity, reliability, and cost-effectivity. Ink materials and substrate material segments include conductive inks, silver, carbon inks, metallic inks, and graphene ink. The photovoltaic devices segment, which includes solar energy, is also gaining traction.The encapsulation process for printed electronics, particularly in the manufacturing of flexible OLED displays and light panels, is a costly challenge. This issue is not limited to flexible substrates but also applies to rigid ones. With mass production of these panels, the cost increases significantly. Companies like Samsung and LG Display, which use vapor deposition techniques for OLED displays with curved form factors, face this expense. This challenge is anticipated to persist in printed OLED displays, where the encapsulation cost will be comparable to vapor deposition methods.

Discover how AI is revolutionizing market trends- Get your access now!

Segment Overview 

This printed electronics market report extensively covers market segmentation by  

Technology 1.1 Screen1.2 Inkjet1.3 Gravure1.4 FlexographicApplication 2.1 Display2.2 Sensors2.3 Photovoltaics2.4 Battery2.5 OthersGeography 3.1 APAC3.2 North America3.3 Europe3.4 Middle East and Africa3.5 South America

1.1 Screen-  The screen-printing process is a well-established technology in the printed electronics market for creating high-quality and reliable printed circuits. Its advantages include high throughput, high resolution, and a low cost per unit. Screen printing is particularly suitable for large-area and high-volume production in applications such as flexible displays, photovoltaics, and touch screens. Although it may not be ideal for producing small, intricate patterns with high precision, screen printing’s ability to create thick and highly conductive traces makes it suitable for high-current applications. Despite some limitations, such as the need for significant setup time and cost for stencils or masks, screen printing’s popularity continues in the printed electronics market due to its proven performance and versatility. Therefore, the screen-printing segment is expected to contribute significantly to the growth of the global printed electronics market during the forecast period.

Download a Sample of our comprehensive report today to discover how AI-driven innovations are reshaping competitive dynamics

Research Analysis

Printed electronics is a rapidly evolving technology that is revolutionizing the consumer electronics industry. This technology enables the production of electronic components directly onto various substrates, including glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET). The market for printed electronics is expanding due to its applications in IoT devices, OLED displays, RFID tags, and various communication devices. Printed electronics offer several advantages over traditional electronics, such as lower production costs, higher efficiency, and low power consumption. This technology is a research arena for upgrades and improvisations, with advancements in materials, inks, and substrates. Ink materials include conductive polymers, metal nanoparticles, and organic semiconductors, while substrate material segments include flexible substrates like PET and glass. Printing techniques such as inkjet printing and screen-printing are commonly used in the production of printed electronics. The market for printed electronics is expected to grow significantly in the coming years due to the increasing demand for smartphones, wearable devices, and other IoT applications. Overall, printed electronics is a dynamic and innovative field that is transforming the consumer electronics industry.

Market Research Overview

Printed electronics is an emerging technology that is revolutionizing the consumer electronics industry by enabling the production of flexible, lightweight, and cost-effective electronic devices. This technology is finding extensive applications in IoT, consumer electronics, and various other sectors. The technology offers several advantages such as higher efficiency, lower power consumption, and upgrades through easy upgrades and improvisations. Printed electronics are used in various applications including OLED displays, RFID devices, and communication devices. The market for printed electronics is driven by the demand for IoT devices, smartphones, and display devices. The technology utilizes various materials such as inks, substrates, and ink materials segment like conductive inks made of silver, carbon, metallic inks, and graphene ink. Substrate materials include glass, silicon, flexible foil, paper, and Polyethylene Terephthalate (PET). Printing technologies include inkjet printing, screen-printing, gravure printing, and R2R printing. While screen printing technology is widely used, other printing technologies like gravure and offset printing are also gaining popularity. The market for printed electronics is diverse and includes photovoltaic devices for solar energy, lighting, RFID, other devices like printed batteries, sensors, and medical & healthcare applications. The technology offers benefits such as accuracy, authenticity, reliability, and cost-effectivity. However, the high investment cost associated with the production of these devices remains a challenge for the market. Smart packaging is another growing application area for printed electronics. The market for printed electronics is expected to grow significantly in the coming years due to its numerous advantages and increasing demand from various industries.

Table of Contents:

1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Historic Market Size
5 Five Forces Analysis
6 Market Segmentation

TechnologyScreenInkjetGravureFlexographicApplicationDisplaySensorsPhotovoltaicsBatteryOthersGeographyAPACNorth AmericaEuropeMiddle East And AfricaSouth America

7 Customer Landscape
8 Geographic Landscape
9 Drivers, Challenges, and Trends
10 Company Landscape
11 Company Analysis
12 Appendix

About Technavio

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Contacts

Technavio Research
Jesse Maida
Media & Marketing Executive
US: +1 844 364 1100
UK: +44 203 893 3200
Email: media@technavio.com
Website: www.technavio.com/

View original content to download multimedia:https://www.prnewswire.com/news-releases/printed-electronics-market-to-grow-by-usd-68-68-billion-2024-2028-rising-demand-for-flexible-displays-drives-growth-report-highlights-ai-evolution—technavio-302318417.html

SOURCE Technavio