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X-Bow to Receive Additional Funding for Expansion of DoD Contract for Hypersonic Solid Rocket Motor Development

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 The increase is an addition to the $64 million awarded to X-Bow in 2023 to expand production capacity of the solid rocket motor industrial base.

LULING, Texas, Dec. 20, 2024 /PRNewswire/ — X-Bow Systems Inc. (X-Bow), a leading non-traditional producer of advanced solid rocket motors (SRMs) and defense technologies, today announced the expansion of its contract to provide large solid rocket motors (SRM) to the U.S. Navy and the U.S. Army. This increase reinforces X-Bow as a new supplier of SRMs and strengthens the Defense Department supply chain in a critical period for the United States.

Following the increase, X-Bow hosted Ms. Adele Ratcliff, Director of the DoD’s Innovation Capability and Modernization (ICAM) Office, at our expanding Texas campus on December 3, 2024. Ms. Ratcliff leads the Industrial Base Analysis and Sustainment (IBAS) Program, crucial for fortifying the U.S. defense industry and fostering emerging sectors like advanced manufacturing to ensure rapid response to national security needs. 

Ms. Ratcliff stated, “It is a national imperative that DoD seek new and rapid alternative sources of solid rocket motor production that provide the Department’s decisions makers options that not only meet DoD’s operational needs but bring capabilities and capacity to bear that grow the defense industrial base (DIB). X-Bow is a critical partner in the DIB ecosystem that aims to provide technical overmatch in the Hypersonics domain.” 

“This contract expansion underscores the critical role X-Bow is playing in modernizing the U.S. defense industrial base,” said Max Vozoff, CTO, X-Bow Systems. “Our innovative manufacturing techniques and focus on advanced materials will enable us to deliver high-performance solid rocket motors more efficiently and cost-effectively, strengthening our national security posture.” 

Ms. Ratcliff witnessed X-Bow’s new methods for manufacturing SRMs and energetics that will lead to a significant increase in SRM production capacity and decrease in cost for production of SRMs.

X-Bow is nearing completion of its Texas campus which, when finished will be the second-largest solid rocket motor production facility in the United States. This facility will significantly enhance our nation’s defense readiness. Ms. Ratcliff’s visit highlighted the vital role X-Bow plays in strengthening the U.S. Defense Industrial Base through our advanced manufacturing approach to solid rocket motor technology.

About X-Bow Systems

X-Bow Systems is disrupting the aerospace industry with innovative and cost-effective advanced manufactured energetics for the solid rocket motor and launch vehicle market. X-Bow is also designing and building a suite of modular solid rocket motors and small launch vehicles for both orbital and suborbital launch services. X-Bow is led by CEO Jason Hundley, Chairman Mark Kaufman, CTO Max Vozoff, CRO Maureen Gannon, General Counsel John Leary, COO Mike Bender and a growing team of seasoned industry veterans and new space entrepreneurs. X-Bow is a dual-use technology company with investment from Crosslink Capital, Razor’s Edge Ventures, Balerion Space Ventures, Boeing, and Lockheed Martin Ventures. Headquartered in Albuquerque, New Mexico, X-Bow has additional presence in California, Alabama, Colorado, Texas, Utah, Maryland and Washington, DC. For more information visit www.xbowsystems.com.

About DoD’s Innovation Capability and Modernization (ICAM) Office:

The Innovation Capability and Modernization (ICAM) Office manages and executes the DoD’s Industrial Base Analysis and Sustainment (IBAS) Program Element, which aims to improve the readiness and competitiveness of the U.S. industrial base by investing in, and establishing high priority domestic capabilities for new supply chains needed for national security and mitigating exposure to global supply chain risks.

The appearance of U.S. Department of Defense visual information does not imply or constitute DoD endorsement.

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SOURCE X-Bow Systems

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Samsung Press Conference at CES 2025 ‘AI for All: Everyday, Everywhere’

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December 21, 2024

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KUALA LUMPUR, Malaysia, Dec. 21, 2024 /PRNewswire/ — Samsung Electronics will hold a press conference on January 6, a day before exhibitions open for CES 2025 in Las Vegas, NV.

The event is scheduled to begin at 6:00 a.m. MYT (Malaysia Time) (5:00 p.m. EST) at the Mandalay Bay Ballroom, South Convention Center, Mandalay Bay Hotel. Jong-Hee (JH) Han, Vice Chairman, CEO and Head of Samsung’s DX (Device eXperience) Division, will open the press conference, introducing the theme of ‘AI for All: Everyday, Everywhere.’

The press conference will be streamed live on Samsung Newsroom. Until then, stay tuned to Samsung Newsroom for more updates on the company’s plans for CES 2025.

About Samsung Electronics Co., Ltd.

Samsung inspires the world and shapes the future with transformative ideas and technologies. The company is redefining the worlds of TVs, smartphones, wearable devices, tablets, home appliances, network systems, and memory, system LSI, foundry and LED solutions, and delivering a seamless connected experience through its SmartThings ecosystem and open collaboration with partners. For the latest news, please visit the Samsung Newsroom at news.samsung.com.

“SAMSUNG MALAYSIA ELECTRONICS (SME) SDN BHD [Company No. 200301026766(629186-D)]”.

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SOURCE Samsung Electronics

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ZeroThreat, a Rising AppSec Innovator, to Showcase AI-Powered Security at Gujarat’s Largest Tech Expo

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2 hours ago

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December 21, 2024

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Enabling complete web and API security with AI-powered real-time vulnerability scanning, actionable insights, automated pentesting, remediation, and continuous security testing for modern applications.

AHMEDABAD, India, Dec. 20, 2024 /PRNewswire-PRWeb/ — ZeroThreat, an AI-powered Web Application and API security startup, is all set to make its mark at Gujarat’s largest Tech Expo, happening in Ahmedabad on December 20-21, 2024 Booth #G3. As a standout name in AppSec innovation, ZeroThreat is redefining how software teams build secure applications and APIs.

With its cutting-edge AI-driven platform, ZeroThreat offers unparalleled ease of use, requiring zero configurations and delivering point-and-click simplicity. Teams can detect vulnerabilities 5x faster with real-time scanning, automate pentesting, and produce compliance-ready products—ensuring proactive protection against modern threats.

In today’s fast-paced world, where software and B2B SaaS companies face relentless pressure to deliver rapid updates, ZeroThreat emerges as the ultimate solution to tackle critical security challenges. Tech Expo visitors will have the exclusive opportunity to witness its capabilities live, from real-time vulnerability detection to seamless API discovery at booth #G3.

Tech Expo Gujarat 2024, scheduled for December 20-21, 2024, at Ahmedabad, Gujarat, will bring together over 5000+ attendees, 20+ speakers, 125+ exhibitors, and 50+ sponsors. This one of the largest technology events serves as a premier platform to explore cutting-edge technological advancements and foster collaboration among industry leaders, decision-makers, and innovators.

ZeroThreat – Web Application and API Scanning Platform Highlights

Sensitive Data Exposure & Data Leak DetectionDetect Session Hijacking, Broken Access, XSS & SQL InjectionsAI-Guided Detection & RemediationRapid Port and Configuration ScanningOptimized for Modern Apps & SPA FrameworksFully Automated Authorization Checks

Designed for modern AppSec, ZeroThreat shortens vulnerability detection and resolution from days to hours, empowering businesses to launch secure products on time. As a standout DAST platform, it tackles complex configurations and eliminates the need for expert pentester, solving key challenges for software companies.

Key Benefits for Software Teams and Companies

ZeroThreat comes with several benefits for software companies and engineers that enhance security, productivity, and cost efficiency.

Point-and-Click Scan: Flawlessly scan your web apps without complex configurations and technical expertise required.Faster Vulnerability Detection: Detect 40,000+ vulnerabilities 5x faster than traditional methods, helping software teams to address issues quickly.Near-Zero False Positives: Minimize false positives to reduce alert fatigue with 98.9% accuracy.AI-Powered Remediation Reports: Get personalized code examples and actionable insights to fix vulnerabilities faster.CI/CD Integration: Integrate security seamlessly into your development process with CI/CD integration, ensuring minimal workflow disruption.Automated Compliance Check: Ensure adherence to security standards and regulations like GDPR, SOC2, PCI-DSS, OWASP, CWE/SANS and HIPAA, streamlining the compliance process.Location-based Data Storage and Scan: Choose a preferred global scanning location and store data in compliance with regional regulations.

A Commitment to APPSec Innovation

Empowering software teams with robust AppSec solutions is at the core of our mission,” said Dharmesh Acharya, Co-Founder of ZeroThreat.” At Gujarat’s largest tech expo, we’re excited to showcase how ZeroThreat helps businesses build secure applications easily, integrating security into workflows without compromising speed or efficiency.

About ZeroThreat

ZeroThreat is an AI-driven vulnerability scanning and pentesting platform providing comprehensive security solutions for web applications and APIs. It scans all types of web apps, including modern Single-Page Applications, JavaScript-heavy ones and APIs (Private, Public) to minimize external attacks and false positives by 90% manual pentesting. ZeroThreat empowers software teams and companies with robust security capabilities, ensuring the integrity and confidentiality of their applications and data.

Media Contact

Dharmesh Acharya, ZeroThreat, 91 9081579038, marketing@zerothreat.ai, https://zerothreat.ai/

View original content to download multimedia:https://www.prweb.com/releases/zerothreat-a-rising-appsec-innovator-to-showcase-ai-powered-security-at-gujarats-largest-tech-expo-302337016.html

SOURCE ZeroThreat

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EXRO PROVIDES UPDATE ON SEMI-ANNUAL INTEREST PAYMENTS ON OUTSTANDING CONVERTIBLE DEBENTURES

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6 hours ago

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December 21, 2024

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CALGARY, AB, Dec. 20, 2024 /PRNewswire/ – Exro Technologies Inc. (TSX: EXRO) (OTCQB: EXROF), a leading clean-technology company that provides new-generation power control electronics that expand the capabilities of electric motors and batteries, is pleased to provide an update on the settlement of interest payments through the issuance of common shares.

Pursuant to the terms of the C$15,000,000 secured convertible debentures of the Company issued on December 30, 2022 (the “Debentures”), bearing interest at 12% per annum, payable semi-annually in arrears beginning on June 30, 2023 (the “Due Date”). As of December 20, 2024 the Company has 14,950 debenture units outstanding, and an aggregate amount of interest owing on the Debentures payable of C$897,000 (the “Interest”). The Company has elected to issue 6,407,141 common shares in the capital of the Company (“Common Shares”) at a deemed price of $0.14 to the debenture holders as payment for the interest. Pursuant to the Debentures, the deemed issue price per Common Share is calculated based on the volume weighted average trading price of the Common Shares for the five trading days immediately prior to December 20, 2024.

The issuance of the Common Shares as payment for interest owing on the Debentures is subject to the terms and conditions of the Debentures as well as the receipt of all requisite approvals, including, without limitation, the approval of the Toronto Stock Exchange.

About Exro Technologies Inc.

Exro Technologies Inc., now expanded through the strategic acquisition of SEA Electric, is a leading clean technology company that has developed new generation power control electronics. Its innovative suite of solutions, including Coil Driver™, Cell Driver™, and SEA-Drive®, expand the capabilities of electric motors and batteries and offer OEMs a comprehensive e-propulsion solution with unmatched performance and efficiency. Exro is reshaping global energy consumption, accelerating adoption towards a circular electrified economy by delivering more with less – minimum energy for maximum results.

For more information, please visit www.exro.com.

To view our Investor Presentation, visit us at www.exro.com/investors.

Follow us on social media @Exrotech.

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SOURCE Exro Technologies Inc.

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