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Klaros and Panza AI Form Partnership to Strengthen Compliance Services

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Panza, an AI-powered compliance and risk management platform, today announced a partnership with Klaros Group to strengthen compliance services for the financial industry.

ATLANTA, Dec. 18, 2024 /PRNewswire-PRWeb/ — Panza, an AI-powered compliance and risk management platform for the financial industry, today announced a partnership with Klaros Group, a boutique advisory firm with deep expertise in bank regulation, compliance and risk management, corporate governance, and business strategy.

Panza’s AI platform, alongside its expert-driven vetting process and human oversight, should help clients find economies of scale, improving their bottom line.

“We’ve always been committed to the highest standards of professionalism and client service,” said Konrad Alt, managing partner of Klaros Group. “We’re excited by the potential of emerging AI technologies to enable our subject matter experts to spend less time on foundational consulting tasks and more on the problems where they can add the most value.”

“When selecting a regulatory audit partner, we sought not only industry-leading expertise but also a shared commitment to advancing the responsible use of AI in the industry. With decades of experience in risk, compliance, and governance at financial institutions, Klaros’s leadership brings a unique and invaluable perspective on balancing innovation with the highest standards of security, privacy, and trust,” said Panza co-founder Suresh Rajan.

Panza enables continuous and on-demand reviews of policies, marketing copy, and more, for compliance with regulations and regulatory guidance. It also monitors regulatory updates, financial news and research, continuously assessing impact on financial portfolios and balance sheets to uncover emerging risks.

Proprietary technology, SME vetted data, and security are hallmarks of Panza’s multitenant platform. Panza’s security features include isolated data rooms, NIST best practices, and private instance LLMs through Microsoft Azure OpenAI (which does not require data to be shared with OpenAI).

“Many of the emerging AI solutions we’ve reviewed at Klaros simply don’t work for us because they don’t adequately protect the confidentiality of client information,” Alt said. “Panza is different. The Panza team shares our commitment to preserving client confidentiality; they’ve built a solution that we’re excited to work with.”

Many financial services businesses spend 10% of their revenue or more managing compliance and risk, struggling in vain to manage these areas more efficiently as they grow. Panza’s AI platform, alongside its expert-driven vetting process and human oversight, should help clients find economies of scale, improving their bottom line.

Panza believes that their AI agents and training methodology, combined with expert-level feedback, delivers a level of precision and reliability that chatbots and generic AI products cannot replicate.

About Panza

Panza AI is a pioneering AI platform dedicated to revolutionizing risk and compliance management for financial institutions. By leveraging custom-trained LLMs and a user-friendly interface, Panza AI empowers financial institutions to automate regulatory compliance, reduce balance sheet risks, and transform risk analysis and mitigation workflows. For more information visit panza.ai.

About Klaros Group

Klaros Group is an advisory and investment firm focused on the future of financial services. Its principal operating subsidiary, Klaros Advisors, works with innovators and incumbents to develop and implement smart strategies to scale their businesses responsibly, in full compliance with regulatory requirements and expectations. For more information visit klaros.com.

Media Contact
Panza, Panza AI Inc., 1 540-407-2692, solutions@panza.ai, https://panza.ai
Klaros, klaros@methodcommunications.com, https://klaros.com/

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SOURCE Panza AI Inc.

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PREFORMED LINE PRODUCTS ANNOUNCES QUARTERLY DIVIDEND

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December 18, 2024

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CLEVELAND, Dec. 18, 2024 /PRNewswire/ — The Board of Directors of Preformed Line Products (Nasdaq: PLPC) on December 3, 2024, declared a regular quarterly dividend in the amount of $.20 per share on the Company’s common shares, payable January 21, 2025, to shareholders of record at the close of business on January 7, 2025.

ABOUT PLP

PLP protects the world’s most critical connections by creating stronger and more reliable networks. The company’s precision-engineered solutions are trusted by energy and communications providers worldwide to perform better and last longer. With locations in 20 countries, PLP works as a united global corporation, delivering high-quality products and unparalleled service to customers around the world.

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SOURCE Preformed Line Products

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Cassia Networks Releases the M1500 Enterprise-Grade Compact Bluetooth Gateway, Enhancing Enterprise Application Flexibility

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December 18, 2024

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Cassia Networks presents the new M1500, a compact Bluetooth Gateway designed to provide flexible and cost-effective solutions for enterprise IoT applications.

SAN JOSE, Calif., Dec. 18, 2024 /PRNewswire/ — Today, Cassia Networks, Inc., a leading provider of enterprise Bluetooth IoT products and solutions, announces the launch of its new M1500 Bluetooth Gateway in China. Further announcements for the global release will follow.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance.

Cassia’s M1500 is a compact and cost-effective Bluetooth gateway that delivers exceptional performance. It is designed to be easy to install and use, offering the convenience of supporting both Wi-Fi and Ethernet as backhaul options, along with Power over Ethernet (PoE) supply capabilities.

The M1500 provides customers with enterprise-grade security, flexibility, and scalability, making it an ideal solution for deploying IoT projects in a cost-effective manner. Like all of Cassia’s Bluetooth gateways, the M1500 can be managed using Cassia’s IoT Access Controller (AC), which stands as the industry’s most robust enterprise Bluetooth network management solution.

The M1500 also supports Bluetooth roaming and positioning, features that are shared with other Cassia enterprise Bluetooth gateways such as the M2000, E1000, and X2000. It serves as a complementary addition to this lineup.

The M1500 is available in two distinct versions: the M1500 Standard and the M1500-XT. The M1500 Standard is an indoor model equipped with an omni-directional antenna. In contrast, the M1500-XT is designed for outdoor use, featuring a robust outdoor enclosure and a directional antenna.

The versatility of the M1500 gateway allows it to be utilized across a wide range of industries and applications. These include continuous vital sign monitoring in hospitals, telehealth, Industrial IoT, smart campuses, supply chain management, and personnel and asset tracking.

Felix Zhao, CEO of Cassia Networks, expressed his enthusiasm about the new product, stating, “We are thrilled to announce the M1500. This addition enhances our suite of enterprise IoT solutions by providing flexible, secure, and cost-effective connectivity for our enterprise customers.”

To learn more about the M1500 technical specifications visit: https://www.cassianetworks.com/products/m1500-bluetooth-gateway/

About Cassia Networks

Cassia Networks is the leading provider of enterprise Bluetooth IoT products and solutions. Our patented technology provides the most reliable and easy to manage long-range, multiple device connectivity, edge processing and locationing for Bluetooth IoT networks. Our mission is to solve the IoT connectivity, locationing and management challenges faced by today’s enterprises and make IoT easy.

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SOURCE Cassia Networks

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Pye-Barker Fire & Safety Launches into Maine, New Hampshire and Vermont, Acquiring Seacoast Security

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December 18, 2024

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ATLANTA, Dec. 18, 2024 /PRNewswire/ — Pye-Barker Fire & Safety – the largest fully integrated and full-service fire protection, life safety and security services provider in the United States – has acquired Seacoast Security, a Northeast leader in security systems, fire alarms and video surveillance with eight locations in Maine, New Hampshire and Vermont. These locations will be Pye-Barker’s first in these three states, marking important milestones for the company. By partnering with values-aligned organizations like Seacoast, Pye-Barker is in nearly every continental state.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast.”

Since 1976, under the oversight of H. David Haynes, Seacoast Security has built a strong reputation for excellence in the industry, specializing in integrated security systems, fire detection and alarms, CCTV and access control. Today’s owners, Stephen and Scott Haynes, started as technicians and have upheld their father’s commitment to prioritizing relationships with customers, team members and communities.

“The decision to join Pye-Barker came after thoughtful consideration for all those we serve and the legacy of Seacoast Security,” said Seacoast Co-owner Scott Haynes. “We’re grateful to our loyal customers, 94 dedicated employees and trusted partners who have supported us throughout this journey, and we believe all will benefit from continued success and innovation under Pye-Barker’s leadership.”

“This new partnership will enhance the company’s growth and bolster our ability to continue offering high-quality security products and services,” added Co-owner Stephen Haynes. “We are confident that Pye-Barker shares our values and will continue to build on the strong foundation we have established.”

“Pye-Barker is committed to honoring the legacies of the owners and families who choose to join us,” said Pye-Barker CEO Bart Proctor. “Together, we are stronger in our shared goals to serve our communities with pride, provide for our teams and protect our communities.”

Seacoast’s highly qualified team will continue to serve customers in New England, delivering the same quality service and dependability.

In the transaction, Barry Epstein of Vertex Capital represented Seacoast, and Nelson Mullins Riley & Scarborough LLP represented Pye-Barker.

About Pye-Barker Fire & Safety

The U.S. leader in fully integrated life safety systems, Pye-Barker Fire & Safety provides complete fire protection and security systems nationwide. With over 230 locations and 7,000 team members nationwide, Pye-Barker ranks No. 849 on the Inc. 5000 and No. 8 on the SDM 100.

Visit pyebarkerfs.com/acquisitions to learn why we’re the industry’s acquirer of choice.

Contact:
Eric Garner
Chief Business Development Officer
801.395.8738
eric.garner@pyebarkerfs.com

Media:
Alycia Volpe
media@pyebarkerfs.com 

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SOURCE Pye-Barker Fire & Safety

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