BEIJING, Oct. 11, 2024 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WIMI) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced a federated learning framework based on layered and sharded blockchain technology, which can solve multiple key issues in federated learning, including information interaction, data security and privacy protection, computational efficiency, and system scalability by combining layered and sharded blockchain technologies to achieve more efficient and secure data collaboration.

In the federated learning framework based on layered and sharded blockchain technology, the IoT network is finely divided into a multi-layer structure, and each layer is subdivided into multiple shards, aiming to optimize the information interaction and processing efficiency. The strategy of multiple layers and multiple shards enables the communication between nodes to be restricted to the same shard, which significantly reduces the complexity of information interaction and greatly reduces the global communication cost. And the sharding mechanism ensures that each shard can execute local training tasks independently and in parallel, accelerating the overall learning process. At the same time, cross-shard data exchange is performed only when the model parameters are updated, which not only ensures the training efficiency, but also further strengthens the data security and privacy protection.

In response to the abnormal or malicious behavior that may occur in federated learning, WiMi has developed a highly adaptive consensus algorithm. The algorithm is able to accurately identify and reject abnormal models, effectively resist interference caused by malicious or erroneous data, and ensure the accuracy and reliability of learning results. The application of blockchain technology records the transaction details of every model update, provides an untampered audit log, enhances system transparency, and establishes a foundation of trust among participants.

With the help of encryption and distributed ledger technology, WiMi’s federated learning framework ensures the security of data during transmission and storage, effectively guarding against data leakage and tampering. Distributed ledger uses cryptographic techniques to protect the security and integrity of data, such as hash functions, public and private key encryption, and other techniques. These techniques prevent problems such as data tampering, forgery, and theft. In addition, data privacy can be further protected by restricting user access to data through smart contracts or other permission control mechanisms.

The sharding and parallel processing mechanism greatly improves computational efficiency and reduces latency, which is particularly suitable for real-time learning scenarios of large-scale IoT devices. The flexible layering and sharding design enables the system to seamlessly adapt to all kinds of network environments from small LANs to global scale. This design not only improves the scalability of the system, but also enables it to be flexibly deployed and operated in different network environments to meet diverse needs.

The federated learning framework builds an efficient, secure, and scalable IoT learning platform through layered and sharded technologies, adaptive consensus algorithms, encryption and distributed ledger technologies, and flexible computing architectures, laying a solid foundation for future large-scale machine learning applications. The federated learning framework based on layered and sharded blockchain not only overcomes the limitations of traditional federated learning, but also creates a brand-new path to safer and more efficient data collaboration, which is a profound insight and layout for future smart life. Whether it is smart home, smart city, or Industry 4.0, federated learning technology based on layered and sharded blockchain shows broad application prospects, and is expected to promote the digital transformation of all industries, and build a smarter, safer, and more efficient future society. In the era of the Internet of Everything, WiMi will also continue to explore and practice, leading the way to a new era of smarter, safer and more efficient data collaboration.

About WIMI Hologram Cloud

WIMI Hologram Cloud, Inc. (NASDAQ:WIMI) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

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SOURCE WiMi Hologram Cloud Inc.

LAS VEGAS, Oct. 11, 2024 /PRNewswire/ — Down4Sound, a pioneer in high-performance car audio, proudly introduces the DVX Subwoofer Series—a new standard in sound designed to dominate audio any way a customer craves. Available in 12-inch, 15-inch, and 18-inch models, the DVX subwoofers deliver an explosive 1700W RMS of bass, offering unmatched sound and precision for every audio enthusiast.

“We built the DVX Series for true bass lovers,” said Jacob Scott, Chief Marketing Officer at Down4Sound. “Whether you’re competing in audio events or enhancing your daily drive, this subwoofer gives you the power, precision, and flexibility to customize your sound to perfection.”

Power and Flexibility Built for Performance

The DVX Series combines advanced materials and technology, delivering 1700W RMS with an advanced dual voice coil system for versatile wiring configurations. A precision cooling system ensures that each subwoofer maintains peak performance under heavy loads, while the rugged construction guarantees durability even in the most intense setups.

Features of the DVX Subwoofer Series:

1700W RMS Power Handling: Provides the ultimate bass experience.Dual Voice Coil Flexibility: Tailor your system with multiple wiring configurations.Precision Cooling Technology: Keeps your subwoofer running cool during high-powered use.Rugged Build: Designed to withstand extreme conditions while maintaining elite sound quality.

Sizes to Match Any Audio Setup

The DVX Subwoofer Series is available in 12-inch, 15-inch, and 18-inch sizes, in Dual 2 and Dual 4 OHM, allowing customers to find the perfect subwoofer for their system, whether they’re looking for super sound quality, tight, punchy bass, or full-blown, ground-shaking power cate 5 hurricane status.

Shipping and Availability

The DVX Series is now available for pre-order at Down4Sound DVX Subwoofers, with shipping expected to begin on October 23, 2024. Secure your DVX subwoofer and get ready to dominate the audio scene like never before.

For more details on the best car audio subwoofers and the full range of Down4Sound products, visit the official website.

About Down4Sound

Down4Sound is a leader in high-performance car audio, dedicated to delivering innovative, powerful sound solutions for enthusiasts and competitors alike. With products engineered to dominate any audio environment, Down4Sound is the go-to source for those who crave the best in car audio technology.

Contact:
Chris Smith
7027019800
384736@email4pr.com

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SOURCE Down4Sound

Investment Will Advance LeagueApps’ Growth As a Leading Youth Sports Management Platform and Further its Ability to Serve Organizations, Families, and Communities

NEW YORK, Oct. 11, 2024 /PRNewswire/ — LeagueApps, a leading youth sports management platform, today announced that it has received a significant equity investment from Accel-KKR, a technology-focused investment firm. The investment by Accel-KKR will advance LeagueApps’ role in providing youth and local sports organizers with the tools, partnerships, and community they need to succeed on and off the field – helping them manage and grow their clubs, tournaments, leagues, camps, and facilities.

Founded in 2010, LeagueApps currently powers thousands of youth and local sports organizations across eight different team sports, as well as programs by many professional leagues and professional teams. To date, the LeagueApps platform has helped youth sports organizations manage millions of events, process billions of dollars that enable their sports programming, as well as support their engagement of millions of players, parents, and coaches.  

Brian Litvack, LeagueApps’ CEO & Co-Founder, said, “We are thrilled to team up with Accel-KKR to further our mission to create amazing sports experiences for all. The youth sports industry is evolving, and LeagueApps strives to provide more solutions, technology and data to youth sports communities. The partnership with Accel-KKR will give us capabilities and resources that enhance our ability to serve organizations that are central to the youth sports experience.”

Jeremy Goldberg, LeagueApps’ President & Co-Founder, said, “We are eager to build on the strengths of our product and technology, and will use this investment to expand our capabilities across more dimensions of youth sports management, and further impact the experience of coaches, parents and participants via our web and mobile technology and partnerships. We chose to partner with Accel-KKR because of the firm’s track record of supporting market-leading software firms as they have grown, with a portfolio of over 60 software companies that also are committed to innovation and success. Accel-KKR is a perfect fit with our values-led culture and they share our belief in our mission to impact the world through sport.”

Dean Jacobson, Managing Director at Accel-KKR, said, “We have been impressed by LeagueApps’ key role in the rapidly evolving youth sports universe, and their vision of how technology can be integrated to help organizations scale, simplify, build community, and enable more youth athletes and families to participate. We are excited to support their important mission to bring the benefits of sport to kids and communities everywhere.”

In conjunction with the significant equity investment in LeagueApps by Accel-KKR, Arctos Partners, a private investment firm with a platform dedicated to the sports industry, will also make a minority investment. Since 2020, Arctos has invested in over 25 professional sports franchises, including the Utah Jazz, Los Angeles Dodgers, and Tampa Bay Lightning, as well as mobile sports platforms like SeatGeek.

Existing investors Contour Venture Partners, funds managed by Hamilton Lane and a range of sports and business leaders will continue their involvement with LeagueApps in support of its mission to deliver amazing sports experiences. These investors include Julie Foudy (Broadcaster, Olympic Gold Medalist, USWNT World Cup Champion), Shane Battier (NBA Champion, NCAA Champion), Swin Cash (New Orleans Pelicans SVP of Basketball Operations & Team Development, NCAA Champion, WNBA Champion, Olympic Gold Medalist), Dhani Jones (11-yr NFL veteran, NCAA Champion), and Derrick Dockery (10-yr NFL veteran).

Julie Foudy, former captain of the U.S. Women’s National Soccer Team and founder of the Julie Foudy Sports Leadership Academy, said, “I’ve experienced the value that LeagueApps provides through its technology in my own organization, the Julie Foudy and espnW Sports Leadership Academy, as well to the industry as a whole through NextUp, FundPlay, and their strategic partnerships. There’s so much opportunity to make youth sports better for everyone, and I’m excited to continue my involvement with LeagueApps and to be joined by others who share our commitment to elevating the industry through innovation and community.” 

LeagueApps is committed to continuing its leadership of the youth sports industry. LeagueApps launched and leads NextUp, the leading industry conference created to provide youth sports leaders with the professional development and networking opportunities, and co-founded and chairs the PLAY Sports Coalition, the industry’s advocacy platform that has unlocked millions of dollars in federal and state funding. LeagueApps has been involved in the Aspen Institute’s Project Play initiative since inception, and has committed to be in the 63×30 Roundtable that involves leading organizations focused on increasing U.S. youth sports participation to 63% by 2030. 

LeagueApps will continue to use its success to fuel its ability to increase access and improve the quality of youth sports experiences. LeagueApps’ impact initiative, FundPlay, has now officially grown into a public charity, FundPlay Foundation, a 501c3 that provides technology, resources and professional development to support sports-based youth development organizations doing amazing work in underserved communities. Over 200 youth sports organizations have received grants of free, perpetual licenses of LeagueApps software and more than 275,000 youth sports opportunities have been enabled in underserved communities as a result. The foundation has set a goal of enabling another 500,000 unique sports experiences over the next three years.

About Accel-KKR
Accel-KKR is a technology-focused investment firm with $19 billion in cumulative capital commitments. The firm focuses on software and tech-enabled businesses, well-positioned for top-line and bottom-line growth. At the core of Accel-KKR’s investment strategy is a commitment to developing strong partnerships with the management teams of its portfolio companies and a focus on building value alongside management by leveraging the significant resources available through the Accel-KKR network. Accel-KKR focuses on middle-market companies and provides a broad range of capital solutions, including buyout capital, minority-growth investments, and credit alternatives. Accel-KKR also invests across various transaction types, including private company recapitalizations, divisional carve-outs and going-private transactions. Accel-KKR’s headquarters is in Menlo Park, with offices in Atlanta, Chicago, London, and Mexico City. Visit accel-kkr.com to learn more.

About Arctos
Arctos is a private investment firm that provides bespoke growth capital and liquidity solutions, differentiated thought partnership, and value creation advice to sports franchises (Arctos Sports) and alternative asset managers, their funds, and portfolio companies (Arctos Keystone). Founded in 2019, Arctos serves as a catalyst for innovation and business transformation for its portfolio companies and its markets. The firm’s proprietary approach is anchored by its unique quantitative research and data science platform, Arctos Insights. Arctos has a team of more than 50 investment and operational professionals with investment and operating expertise across industries, geographies, and economic cycles. The firm is headquartered in Dallas, with office locations in New York, and London. For more information, visit www.arctospartners.com or Arctos’ company page on LinkedIn.

About LeagueApps
LeagueApps is the leading youth sports management platform. Powering thousands of leading organizations from teams, clubs, and camps to professional leagues, LeagueApps is on a mission to bring the benefits of sport to kids everywhere. Through its software and NextUp platform, which provides organizers with opportunities for leadership development and networking, LeagueApps supports and strengthens the youth sports industry. It also runs FundPlay, a philanthropic program focused on sports-based youth development programs in underserved communities, and is a founding member of the PLAY Sports Coalition.

Visit leagueapps.com for more information.

Media Contacts:

For Accel-KKR & LeagueApps
Todd Fogarty, Kekst CNC
todd.fogarty@kekstcnc.com
+1-919.992.1170

For Arctos
Prosek Partners
Pro-Arctos@Prosek.com

View original content:https://www.prnewswire.com/news-releases/leagueapps-secures-significant-equity-investment-from-accel-kkr-to-accelerate-innovation-in-youth-sports-302274139.html

SOURCE LeagueApps; Accel-KKR