Connect with us

Technology

Scope Technologies Announces $1.5 Million Private Placement Financing and Acceleration of QSE Mobile App Development

Published

on

VANCOUVER, BC, March 24, 2025 /CNW/ — Scope Technologies Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) (“Scope Technologies” or the “Company”) announces a non-brokered private placement financing of 3,000,000 common shares (the “Shares”) at a price of $0.50 per Share for gross proceeds of $1,500,000 (the “Offering”).

The Company is pleased to confirm that $1 million of the Offering is being invested by First Majestic Silver Corp., a strategic investor and enterprise client of Scope Technologies.

The Shares issued under the Offering will be subject to a four-month hold period. The Company does not intend to pay any finder’s fees under the Offering.

Proceeds of the Offering will be used to repay a $1 million loan previously received from First Majestic Silver Corp., with the remaining funds dedicated to accelerating the development of Scope’s QSE mobile application. The app will serve as a secure communication and file sharing platform powered by QSE’s proprietary Entropy-as-a-Service technology. It enables true round-trip encryption that is fully quantum-resistant—designed to protect data not only today but well into the post-quantum future.

Fully integrated with the QSE core system, the mobile app will round out the Company’s full-stack security offerings, providing users with a seamless way to send messages and share sensitive files through a secure, decentralized infrastructure. With this app, Scope aims to make enterprise-grade quantum resilience accessible to businesses and individual users alike.

For more information on how QSE’s quantum security solutions can protect your data, visit www.qse.group or contact sales@qse.group.

About Scope Technologies Corp

Headquartered in Vancouver, British Columbia, Scope Technologies Corp is a pioneering technology company specializing in quantum security and machine learning. Through its flagship brands, QSE Group and GEM AI, Scope provides next-generation solutions in data security, quantum encryption, and neural networks, empowering businesses with secure, scalable technologies that drive growth and operational efficiency.

LinkedIn: scope-technologies-corp
Facebook: Scope Technologies Corp
Twitter:  @ScopeTechCorp

Contact Information:

James Young
CEO, Scope Technologies Corp.
Email: james@scopetech.ai 
Phone: +1 604-416-1720
Website: www.scopetechnologies.io

Cautionary Note Regarding Forward-Looking Statements

This news release contains forward-looking statements that constitute forward-looking information (collectively, “forward-looking statements”) within the meaning of applicable Canadian securities legislation. All statements in this news release that are not purely historical statements of fact are forward-looking statements and include statements regarding beliefs, plans, expectations, future, strategy, objectives, goals and targets, and more specifically, the use of proceeds of the Offering. Although the Company believes that such statements are reasonable and reflect expectations of future developments and other factors which management believes to be reasonable and relevant, the Company can give no assurance that such expectations will prove to be correct. Forward-looking statements are typically identified by words such as: “believes”, “expects”, “aim”, “anticipates”, “intends”, “estimates”, “plans”, “may”, “should”, “would”, “will”, “potential”, “scheduled” or variations of such words and phrases and similar expressions, which, by their nature, refer to future events or results that may, could, would, might or will occur or be taken or achieved. Forward-looking statements involve known and unknown risks and are based on assumptions and analyses made by the Company in light of its experience and its perception of historical trends, current conditions and expected future developments, including, but not limited to, those risks and assumptions described in the Company’s latest management discussion and analysis, a copy of which is available under the Company’s profile on SEDAR at www.sedar.com. While Scope considers these assumptions to be reasonable, based on information currently available, they may prove to be incorrect. Readers are cautioned not to place undue reliance on any forward-looking statements, which speak only as of the date of this press release. In addition, forward-looking statements necessarily involve known and unknown risks, including, without limitation, risks associated with general economic conditions, continued satisfaction of Canadian Securities Exchange requirements, product safety and recalls, regulatory compliance and risks associated with the Company’s business. Forward-looking statements are made as of the date of this news release and, unless required by applicable law, the Company assumes no obligation to update the forward looking statements or to update the reasons why actual results could differ from those projected in these forward-looking statements. All forward-looking statements are qualified in their entirety by this cautionary statement.

The Canadian Securities Exchange has in no way passed upon the merits of the business of the Company and has neither approved nor disapproved the contents of this news release and accepts no responsibility for the adequacy or accuracy hereof.

Logo: https://mma.prnewswire.com/media/2521783/5230388/Scope_Technologies_Corp_Logo.jpg

View original content:https://www.prnewswire.com/news-releases/scope-technologies-announces-1-5-million-private-placement-financing-and-acceleration-of-qse-mobile-app-development-302408986.html

SOURCE Scope Technologies Corp.

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

A Landmark Step Towards Kidney Health Awareness – Manipal Hospitals Yeshwanthpur and Malleshwaram Host a Comprehensive Kidney Health Forum

Published

on

By

BENGALURU, India, April 3, 2025 /PRNewswire/ — In a bid to highlight the increasing significance of kidney health, especially on the occasion of World Kidney Day, Manipal Hospital Yeshwanthpur and Manipal Hospital Malleswaram hosted a joint event featuring two insightful and educative panel discussions, tailored to engage a diverse audience that included senior citizens and college-goers. The forum was designed to resonate with both age groups, highlighting how kidney health concerns affect individuals across all life stages, from active young adults to the elderly.

The event moderator, Dr Deepak Kumar Chitralli, Senior Consultant – Nephrology and Transplant Physician, Manipal Hospital Yeshwanthpur and Hebbal, set the stage with an introduction to the theme of World Kidney Day 2025 – “Are your kidneys OK?” Emphasizing the need for proactive engagement with kidney health, Dr. Chitralli stated, “World Kidney Day serves as a reminder that kidney health should not be overlooked. By increasing awareness and encouraging regular screenings, we can prevent unnecessary complications and ensure that kidney diseases are diagnosed early, giving patients a better chance for effective treatment.”

Key Highlights of the Event

Panel 1: Nephrologists Discuss Kidney Disease, Risk Factors, and Early Intervention

The first panel featured esteemed nephrologists, Dr G K Prakash, Consultant – Nephrology & Transplant Physician, Manipal Hospital Malleshwaram and Millers road and Dr Santosh S, Consultant – Nephrology, Manipal Hospital Yeshwanthpur, who tackled the urgent issue of Chronic Kidney Disease (CKD) and its rising prevalence due to lifestyle changes.

Noting the alarming status of about 850 million people worldwide living with CKD with over 200 million of them progressing to End-Stage Renal Disease (ESRD), and about 10% of the Indian adult population being affected as well, Dr. G K Prakash, pointed out the lifestyle factors contributing to CKD, stating, “The rise in CKD is linked to unhealthy diets, sedentary lifestyles, and the widespread use of over-the-counter drugs. Early intervention, such as reducing salt intake and regular health screenings, can go a long way in preventing progression.” Dr. Prakash also spoke on the role of obesity as an independent high risk factor for kidney disease and stated, “Obesity is the mother of all diseases, including kidney disease. Hence, combating obesity across all age groups is crucial, with particular attention to children, as recent years have seen a significant rise, affecting at least 10-15% of children in our society.”

Adding on to the information, Dr. Santosh S expanded on the differences between acute kidney failure and chronic kidney failure, emphasizing, “Acute kidney failure is often transient (temporary) and reversible with early treatment, while chronic kidney failure requires long-term management.” Dr. Santosh emphasized the importance of managing diabetic kidney disease through a multidisciplinary approach and stated, “Combating high blood sugar levels through regular monitoring significantly helps in preventing or managing the progression of kidney disease.”

Panel 2: Urological Insights into Kidney Cancer, Stones, and Surgical Advancements

The second panel focused on urological perspectives. Dr V Mohan Kumar, Consultant – Urologist and Renal Transplant Surgeon, Manipal Hospital Yeshwanthpur and Dr Vishnu Prasad, Consultant – Uro-Oncology and Robotic Surgery, Manipal Hospital, Yeshwanthpur enlightened the audience with insights on advanced treatments in kidney stone management and kidney cancer.

Dr. V Mohan Kumar spoke about the role of laser surgeries in kidney stone management, stating, “Being minimally invasive techniques, laser treatments have revolutionized surgical management bypassing the need for larger incisions as seen in conventional open surgeries. The laser surgical techniques are highly effective, promote faster healing and recovery with minimal to nil chances of complications, thereby, improving outcomes for kidney stone patients.” Dr. Mohan also addressed some popular myths about kidney stones and advocated the audience to not to resort to any extreme or hearsay measures to prevent the formation or home-management of already formed kidney stones. He stated, “It is rather unfortunate that kidney stone formation cannot be prevented. But ensuring adequate hydration and regular check-ups can significantly reduce the risk of stone formation”.

Dr. Vishnu Prasad talked about kidney cancer with a focus on early detection. “Kidney cancer is often asymptomatic in the early stages. Patients need to be vigilant about unexplained weight loss, blood in the urine, or persistent back pain. Regular health check-ups can make a critical difference in early-stage detection and treatment,” he explained. Addressing treatment options for kidney cancer, Dr. Prasad went on to discuss the effectiveness of both traditional surgeries and newer robotic techniques, saying, “Robotic-assisted surgeries are revolutionizing the way we approach kidney cancer. These methods offer greater precision, faster recovery times, and significantly better outcomes for patients.”

Manipal Hospitals kidney health awareness programs continue to garner attention and make a tangible impact, signalling a growing commitment to protecting kidney health at the community level.

For more information, please visit: https://www.manipalhospitals.com/

Photo: https://mma.prnewswire.com/media/2657335/Manipal_Hospitals_Host_Forum.jpg
Photo: https://mma.prnewswire.com/media/2657334/Manipal_Hospitals_Awareness.jpg

View original content to download multimedia:https://www.prnewswire.com/in/news-releases/a-landmark-step-towards-kidney-health-awareness–manipal-hospitals-yeshwanthpur-and-malleshwaram-host-a-comprehensive-kidney-health-forum-302419564.html

Continue Reading

Technology

Truecaller surpasses 450 million monthly active users

Published

on

By

STOCKHOLM, April 3, 2025 /PRNewswire/ — Truecaller, the leading global platform for verifying contacts and blocking unwanted communication, reached another important milestone on 1st of April, when the number of monthly active users surpassed 450 million. Truecaller continues to grow rapidly in many different geographic markets and has added approximately 50 million users during the last 10 months. Since the year-end, Truecaller has increased monthly active users with approximately 15.5 million users.

“What started off as a quite basic Caller-ID has over the years transformed to become a loved communication platform that solves for many different communication needs. We are proud that we now serve more than 450 million users globally. As before, we continue to see steady growth in our largest market India but the fastest relative growth is in markets outside of India. So far in 2025 we see strong growth trends in Latin America, South Africa, Kenya, Nigeria, Malaysia and the US to mention a few markets. We continue to develop safe communication that goes way beyond just a caller-ID and we constantly add new functionality to protect our users before, during, and after a phone call or SMS, says Rishit Jhunjhunwala, CEO of Truecaller.

Truecaller reported an average of 429.4 million active users per month during the fourth quarter of 2024 and at the end of the quarter, the number of monthly active users was 434.5 million.

For more information, please contact:
Andreas Frid, Head of IR & Communication
+46 705 29 08 00
andreas.frid@truecaller.com

About Truecaller:
Truecaller (TRUE B) is the leading global platform for verifying contacts and blocking unwanted communication. We enable safe and relevant conversations between people and make it efficient for businesses to connect with consumers. Fraud and unwanted communication are endemic to digital economies. especially in emerging markets. We are on a mission to build trust in communication. Truecaller is an essential part of everyday communication for more than 450 million active users. Truecaller is listed on Nasdaq Stockholm since 8 October 2021. For more information. please visit corporate.truecaller.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/truecaller-ab/r/truecaller-surpasses-450-million-monthly-active-users,c4130364

The following files are available for download:

 

View original content:https://www.prnewswire.com/news-releases/truecaller-surpasses-450-million-monthly-active-users-302419568.html

SOURCE Truecaller AB

Continue Reading

Technology

Calastone Launches Tokenised Distribution Solution to Unlock the Future of Fund Distribution

Published

on

By

LONDON, April 3, 2025 /PRNewswire/ — Calastone, the largest global funds network, today announces the launch of Calastone Tokenised Distribution – a pioneering solution that allows asset managers to tokenise any fund operating on Calastone’s network and distribute it seamlessly across blockchain-based channels.

This innovative service delivers a simple, frictionless route into tokenisation, without requiring asset managers to change how their funds are structured, administered, or serviced. Yet with one step, they can unlock access to a growing universe of investors who operate exclusively within blockchain ecosystems.

“Calastone Tokenised Distribution offers asset managers a powerful new route to market,” said Adam Belding, Chief Technology Officer at Calastone. “We make it possible to distribute existing funds via blockchain networks, instantly and at scale. without any operational upheaval or technical reinvention.”

The solution bridges the gap between traditional investment funds and blockchain-native networks such as Ethereum, Polygon, and Canton, where investment activity is increasingly executed and settled using digital assets. These networks are attracting a fast-growing class of investors that traditional distribution channels do not reach, including:

Corporate treasurers managing substantial on-chain cash balances for yield and efficiencyStablecoin issuers and institutional crypto firms seeking regulated investment options without the need to convert into fiat currenciesCrypto-experienced retail and wealth investors who want access to traditional assets via the same wallets and digital infrastructure they use for digital assets

By embedding tokenised fund shares into these blockchain networks, asset managers gain direct access to new pools of capital, without disrupting existing processes or partnerships.

The solution leverages Calastone’s existing global network – spanning over 4,500 firms across 56 markets – to enable any share class on the network to be tokenised and distributed via public, hybrid, or private blockchains. Orders initiated on-chain are automatically translated and processed through Calastone’s infrastructure, ensuring full compatibility with traditional fund operations.

This enables asset managers to:

Expand into blockchain-native investor channels with no operational disruptionReduce distribution costs via automation and smart contractsMaintain existing service provider relationshipsPosition themselves for long-term advantage in an evolving investment landscape

The launch follows a recent Calastone study showing that tokenisation could unlock over $1351 billion in annual cost savings for the asset management industry, while accelerating fund launches and lowering seed capital requirements.

“The investment world is changing fast,” said Julien Hammerson, CEO of Calastone. “New pools of capital are forming on blockchain networks, and they are not being accessed through traditional channels. Our Tokenised Distribution solution gives asset managers instant reach into these markets, without the requirement or need for transformation. We are making it easy to evolve with the market.”

At its core, Calastone Tokenised Distribution converts eligible fund shares into smart contract-powered tokens embedded directly onto blockchain networks. These tokens reflect the fund’s full detail, operate with built-in security protocols, and automatically mint and burn in line with real-time subscriptions and redemptions.

 

About Calastone

Calastone is the largest global funds network, connecting the world’s leading financial organisations.

Our mission is to reduce complexity, risk and costs, enabling the industry to deliver greater value to investors. Over 4,500 clients in 56 countries and territories benefit from Calastone’s services, processing over £250 billion of investment value each month.

Calastone is headquartered in London and has offices in Luxembourg, Hong Kong, Taipei, Singapore, New York and Sydney.

1 https://www2.calastone.com/tokenisationcostresearch

Logo – https://mma.prnewswire.com/media/2656896/Calastone_Logo.jpg

View original content:https://www.prnewswire.co.uk/news-releases/calastone-launches-tokenised-distribution-solution-to-unlock-the-future-of-fund-distribution-302418984.html

Continue Reading

Trending