SHENZHEN, China, Jan. 15, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, announced its success in overcoming a new technical challenge—achieving precise quantum Computing in complex scenarios involving quantum oscillations. This groundbreaking achievement injects new momentum into the deep optimization and wide application of quantum circuits.

Focusing on a system of two superconducting qubits with unique characteristics, tightly coupled by fixed capacitors, the introduction of pulse technology acts like a double-edged sword. On one hand, it provides an effective means for controlling quantum states; on the other hand, it inevitably triggers quantum oscillation phenomena. Even slight parameter deviations, at the quantum scale, can cause dramatic fluctuations in the quantum state, leading to signal distortion, computational errors, and a series of other issues. In the face of this challenging problem, HOLO has innovatively integrated Quantum Fisher Information (QFI) with Hilbert-Schmidt Speed (HSS), creating a powerful toolset for quantum estimation. Quantum Fisher Information (QFI), known for its precise quantification of the ultimate limits of parameter estimation in quantum systems, acts as a high-precision “detector” in the quantum realm. It relies on meticulous measurements and deep analysis of quantum states, extracting system parameter information hidden within the quantum states through complex mathematical transformations and physical model construction. For example, in a specific quantum bit flip experiment, QFI can accurately track the parameter changes corresponding to each quantum state flip, providing solid data support for subsequent system optimization.

Complementing this, the Hilbert-Schmidt Speed (HSS) serves as a “speedometer” for the dynamic evolution of quantum systems. It focuses on the rate of evolution of a quantum system over time, revealing the system’s adaptation and response mechanisms to external disturbances, such as quantum oscillations triggered by pulse technology, by closely monitoring the gradient of quantum state changes at different moments. In experimental scenarios, when pulses induce quantum oscillations, HSS can capture the pace of quantum bit state updates in real-time, helping researchers discern when the quantum system is in a stable state and when it is approaching a critical point of uncontrollable instability.

HOLO conducts a comprehensive “scan” of the fixed capacitor-coupled dual superconducting qubit system. First, it performs detailed “grid-based” tuning of pulse technology parameters, gradually inducing quantum oscillation patterns of varying strengths and frequencies, simulating quantum state fluctuations in a real and complex environment. Simultaneously, high-sensitivity quantum state detection equipment is used to continuously collect real-time quantum bit state data, ensuring the timeliness and accuracy of the data. Leveraging the QFI and HSS analysis models constructed in earlier stages, massive amounts of experimental data are imported for deep exploration and repeated validation.

HOLO has discovered that even under harsh conditions where quantum oscillations are rampant, the precision of quantum estimation has still achieved a significant leap forward. Taking a typical algorithm in quantum computing—the Quantum Fourier Transform—as an example, after introducing HOLO’s quantum computing optimization scheme, the algorithm’s computational error rate was reduced compared to traditional methods, and computational efficiency was significantly enhanced. This means that in the design blueprint of quantum circuits, engineers can make more precise adjustments to the circuit structure based on more accurate quantum bit performance parameters, thereby avoiding the potential risks posed by quantum oscillations and enhancing the stability, reliability, and computational performance of quantum circuits.

Looking to the future, HOLO will continue to optimize the QFI and HSS technological tools, expanding their application boundaries in diverse quantum systems, helping quantum technology reach the public sooner and reshaping a new paradigm of scientific and technological life for humanity.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/ 

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

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SOURCE MicroCloud Hologram Inc.

Funding will drive Reeco’s strategic growth initiatives as it streamlines back-of-house operations for North American hotels

MIAMI, Jan. 15, 2025 /PRNewswire/ — Reeco, the leading AI-driven procure-to-pay platform for the hospitality industry, announced today it has secured $15 million in Series A funding. This investment will fuel the company’s strategic growth initiatives, including the accelerated advancement of the Reeco platform. The solution frees the industry’s back-of-house teams from Excel sheets, punchout systems, and GL coding with a unified system that seamlessly integrates every critical function. Users can purchase from any contracted vendor in just a few clicks and receive goods in record time, manage recipes to track real-time food costs, and automate inventory audits and invoicing. The Series A funding builds on a $10 million seed round, bringing Reeco’s total funding to $25 million. 

“This Series A funding reflects strong investor confidence in our vision to revolutionize procurement in the hospitality space,” said Henrik Shimony, co-founder and CEO of Reeco. “We’re witnessing unprecedented demand as operators recognize that modernizing their procurement and back-of-house operations is no longer optional — it’s essential to remain competitive in today’s market. With this funding, we’re enhancing our platform development to meet growing demand, expanding our technological capabilities while maintaining the exceptional service our customers rely on to transform their operations.”

The round was led by Aleph VC, with participation from Net Capital Ventures and Joule Ventures. The funding will support research and development, customer acquisition, the scaling of sales and marketing teams, and the delivery of new platform features.

“Reeco benefits from a charismatic founding team with deep domain expertise and a strong pull from the market,” said Tomer Diari, general partner at Aleph. “It’s already demonstrated strong product-market fit and is positioned to transform one of the largest sectors in our economy. We are highly impressed by what the Reeco team has accomplished and are excited to partner with them and support their journey.”

Reeco Builds on Record Growth as 2025 Begins

The hospitality industry has long relied on manual procurement processes and legacy systems that result in a cascade of challenges, including unreliable data, volatile pricing, ineffective inventory management, and fractured vendor relationships, which hold hospitality companies back from achieving operational peak performance for their stakeholders. The industry clearly needs a modern, transformative solution to move forward.

Reeco’s AI-driven procure-to-pay platform eliminates these challenges by unifying procurement and receiving, inventory, recipe management, and accounts payable into a single system to save tremendous time and costs. Users can purchase food and supplies based on real-time pricing and with one cart, integrating all their preferred suppliers. Teams can use the AI-powered smartphone app to quickly receive and audit inventory, scanning bottles for accuracy and cutting counting time by 50 percent. Food and beverage teams can build and manage recipes with the AI-powered ingredient database; they connect recipes with point-of-sale systems to reveal real-time food costs and identify cost-saving opportunities. The accounts payable solution automates GL coding based on the property’s coding patterns and syncs with AP’s preferred accounting system. The platform brings unprecedented efficiency to every step of the process and transforms how hospitality companies manage their operations.

“Reeco is the only platform that connects purchasing, receiving, recipe management, inventory control, and accounts payable,” said Omri Shalev, co-founder and CTO at Reeco. “By using these modules on the Reeco platform, hotels can finally eliminate data silos, ditch their Excel spreadsheets, and stop toggling between supplier portals and paper forms. Gone are the days of manual data entry, scattered paper trails, and jumping between multiple supplier websites. Any team member — from executive chefs to controllers — can quickly master the system and start optimizing their operations immediately.”

In less than two years, Reeco has achieved an 800% adoption growth rate, transforming operations for hundreds of customers, from full-service resorts to select-service properties.

“Before Reeco, I spent more than 20 years managing a disorganized and time-consuming procurement process that involved Excel sheets, calling our suppliers, checking our emails,” said Brian Archibald, Executive Chef at Playa Largo Resort & Spa, an Autograph Collection Hotel. “Reeco has completely changed how we operate. Hotel procurement, inventory auditing, recipe management — it’s all on one customized, consistent, and dependable platform that saves me and my team so much time and money, allowing me to spend more time being creative and less time chasing vendors.” 

Leading hotel operators Vision Hospitality, OTH Hotels Resorts, and Scarlett Hotel Group credit Reeco with improving profit margins and operational efficiency in purchasing, housekeeping, food and beverage, and maintenance and engineering.

“Reeco has completely modernized our accounts payable processes and saves us significant dollars in both operating costs and labor,” said Arlene McCullough, senior vice president of accounting at Vision Hospitality Group. “Before, our properties struggled with GL coding and managing blind spots across back-of-house operations. With Reeco, GL coding is automated. I have real-time visibility into spend, at the property and department level, without having to waste time and money searching for answers. Reeco’s AI and leading-edge technology improves efficiencies and drives margins across your portfolio. In today’s ultra-competitive marketplace, Reeco is a must-have.”

Founding the Future of Hotel Procurement

Reeco was born from the unique insights of Henrik Shimony and Omri Shalev. Shimony’s deep experience managing his family’s hotel operations and Shalev’s software engineering expertise from roles at Microsoft and Samsung revealed a critical gap: while consumer shopping had embraced digital solutions, hotel procurement was stuck in the past.

“Managing a hotel’s six-figure purchases with outdated tools made no sense,” Shimony said. “I could shop for groceries at home with the best tech available, but at the hotel, I was managing purchases in the hundreds of thousands with little technology or tracking. From select-service hotels to a full-service property, the purchasing processes are stuck in the past. That realization inspired us to build Reeco — a platform that gives hotels the same efficiency and transparency available in consumer shopping and so much more.”

About Reeco

Reeco is the leading AI-driven procure-to-play platform for the hospitality industry, transforming how hotels manage procurement, inventory, and accounts payable. As the only provider to bring purchasing, receiving, recipe management, inventory control, and accounts payable functionality together on one seamless platform, Reeco eliminates manual processes, streamlines operations, and empowers teams to focus on what they do best. By connecting every aspect of procurement and back-of-house operations, Reeco helps operators cut costs, increase efficiency, and improve profit margins. For more information, visit https://www.reeco.io/.

About Aleph VC

Aleph is a venture capital fund focused on partnering with great Israeli entrepreneurs to build large, meaningful companies and impactful global brands. Founded in 2013, Aleph is a partnership of Michael Eisenberg, Eden Shochat, Yael Elad, and Tomer Diari, with $850M under management. For more information about Aleph, visit https://www.aleph.vc/.

Media Contact:

Christopher Joseph (CJ) Arlotta
CJ Media Solutions, LLC for Reeco
C: 631-572-3019
E: 388759@email4pr.com 

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SOURCE Reeco

Latest successes underscore MRO’s legacy and leadership in clinical data exchange, setting the stage for another milestone year.

NORRISTOWN, Pa., Jan. 15, 2025 /PRNewswire/ — MRO Corp. (MRO), the leading clinical data exchange company in healthcare, is pleased to announce its CEO, Jason Brown, was named one of The Top 50 Healthcare Technology CEOs of 2024, following several years of client expansion and growth.

This year’s Top CEO list features individuals whose leadership has been a driving force behind some of the most significant advancements in healthcare. MRO’s Jason Brown is one of those CEOs who has inspired his team to push boundaries, fostering a culture of innovation and transformative breakthroughs. This year’s awardees were selected through a methodical nomination process and careful consideration of each candidate’s career track record and industry contributions.

Over the last three years since Jason became CEO of MRO, the organization has experienced remarkable organic growth and innovation.   

“Technological innovation has been pivotal in driving our impressive results and our growth trajectory,” said Jason Brown. “MRO is undergoing a digital transformation, and as part of that transformation, we are enhancing every facet of our business to better serve our clients. This strategic utilization of technology combined with our world class services has enabled us to support our clients’ goals of exchanging secure, high quality, low latency clinical data at scale.” 

MRO is also pleased to announce a record number of new client partnerships. These include one of the nation’s largest Catholic health systems and a provider-sponsored health plan, backed by a top five US research hospital, according to Statista’s World’s Best Hospitals 2024.

Just as the organization has for the last 23 years, MRO continues to support hospitals and health systems in protecting revenues and simplifying the exchange of information with patients and third-party requesters to reduce risk, increase compliance, and introduce new efficiencies. Additionally, MRO has expanded its solutions portfolio.

MRO successfully launched three new solutions in 2023 and 2024. These innovative solutions unlock new market opportunities for MRO while also deepening relationships with existing clients and further solidifying the organization’s position in the healthcare technology industry overall.

Today, MRO partners with 1,200 hospitals, 35,000 clinics, 78 Accountable Care Organizations and works with the top 50 payers in the US. These partnerships are vital as MRO continues to accelerate clinical data exchange between providers, payers and patients.

“We’re continuing to push boundaries in how clinical data is exchanged, setting the foundation for long-term partnerships that improve outcomes across healthcare,” said Matt Wildman, Chief Commercial Officer.

About MRO
MRO is accelerating the exchange of clinical data throughout the healthcare ecosystem on behalf of providers, payers, and users of clinical data. By utilizing industry-leading solutions and incorporating the latest technology, MRO facilitates the efficient management and exchange of clinical data for all stakeholders. With a 23-year legacy, MRO brings a technology-driven mindset built upon a client-first service foundation and a relentless focus on client excellence. For more information on how MRO is empowering healthcare organizations of every type and scale with proven, enterprise-wide clinical data solutions, visit www.mrocorp.com.

Press contact information:
Stephanie Kindlick
MRO
(610) 994-7500, ext. 1353
skindlick@mrocorp.com

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SOURCE MRO