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Synagistics debuts as publicly traded company following business combination with HK Acquisition Corporation

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Synagistics Limited is now listed on the HKEX under stock code 2562.HK.The listing marks Hong Kong’s first successful De-SPAC transaction.With the resources and platform of a public company, Synagistics aims to deepen its presence in Southeast Asia and accelerate its expansion into the greater China region and Europe.

HONG KONG, Oct. 30, 2024 /PRNewswire/ — Shares in Synagistics Limited (“Synagistics”), a leading data-driven digital solutions platform in Southeast Asia, officially commenced trading today on the Main Board of the Hong Kong Stock Exchange (HKEX) under stock code 2562.HK, following the completion of Hong Kong’s first De-SPAC transaction. The listing represents a historic milestone for Hong Kong’s capital markets landscape following the introduction of the SPAC framework in 2022.

The listing follows the approval by the shareholders of HK Acquisition Corporation of the business combination between Synagistics Pte. Ltd. and HK Acquisition Corporation at the EGM held on 25 October 2024. As a publicly traded company, Synagistics is poised to drive further growth across Southeast Asia’s rapidly expanding digital economy and extend its presence into new territories, beginning with Hong Kong and Spain.

The transaction attracted HK$551 million in PIPE (Private Investment in Public Equity) investment from a diverse group of institutional investors, including Celestial Link (an indirect, wholly-owned subsidiary of HKT Trust and HKT Limited) and China Orient Enhanced Income Fund, underscoring strong market confidence in Synagistics’ growth prospects.

Mr. Clement Lee, Chairman of Synagistics Limited, commented, “Today marks a significant new chapter for Synagistics. Becoming a publicly listed company grants us greater access to capital markets and strengthens our visibility and credibility in the global marketplace, enabling us to expand faster and to bring more innovative digital solutions to our brand partners. We are deeply committed to creating long-term value for our shareholders and are confident in executing our ambitious growth strategy in the region’s fast-evolving digital economy.”

Dr. Norman Chan, Chairman and Executive Director of HK Acquisition Corporation, remarked, “We are delighted to have partnered with Synagistics to achieve this historic De-SPAC transaction. This is a pivotal moment not only for the company but also for Hong Kong’s capital markets, reinforcing the city’s status as an international financial center. We believe Synagistics will be a strong contributor to the growth of Southeast Asia’s digital economy and look forward to its continued success.”

 

About Synagistics Limited

Synagistics Limited (2562.HK) operates the Synagie Platform, a data-driven digital solutions platform in Southeast Asia. It was among the top ten digital solutions providers in Southeast Asia, having served more than 600 brand partners. It provides integrated digital solutions to its brand partners via two core propositions: (1) its direct-to-brands model helps brands to manage the full spectrum of their e-commerce business, while creating a unified experience for customers throughout the entire consumer journey, and (2) its direct-to-consumers model sells brands’ products directly to consumers through online stores owned by Synagistics and operated under the name of its brand partners across various e-commerce channels. For information, visit www.synagie.com.

These materials are not for distribution, directly or indirectly, in or into the United States or any jurisdiction where such distribution is not permitted. These materials do not constitute or form a part of any offer or solicitation to purchase or subscribe for securities in the United States. The securities mentioned herein have not been, and will not be, registered under the United States Securities Act of 1933.

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SOURCE Synagistics Limited

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Workiz Unplugged Podcast Empowers Field Service Professionals in the Age of AI

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October 30, 2024

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The leading field service software provider is ushering in a new era in AI-driven solutions and expert insights

SAN DIEGO, Oct. 30, 2024 /PRNewswire/ — Workiz, the leading field service management platform with over 120,000 customers, announces the launch of the “Workiz Unplugged” podcast – a dedicated platform that brings the voices of field service professionals to the forefront. This monthly podcast offers valuable insights into how technology, leadership and innovation are shaping the future of the field service industry.

“Field service professionals are the backbone of our economy, yet they often operate behind the scenes,” said Didi Azaria, CEO of Workiz. “With ‘Workiz Unplugged,’ we’re providing a space where HVAC professionals, plumbers, electricians and locksmiths can share their experiences and learn how to grow their business by automating their entire operation utilizing AI. 

As demand grows for automation and business optimization, field service business owners are looking for guidance on how to adapt to these changes. This podcast was created to connect them with experts in AI, business management and leadership who address today’s most urgent challenges, from labor shortages to the effects of emerging technologies. 

Insights from studies like Edison Research’s “The Infinite Dial” and Nielsen Podcast Insights reveal that 26 million people in the U.S. turn to podcasts for business advice. By tackling topics that resonate with business owners and their peers, the podcast offers a platform for exploring the issues shaping the industry’s future and provides actionable solutions to help service professionals thrive in 2024 and beyond.

The episodes take a deep dive into various topics. A recent episode discussed how tradespeople are capitalizing on the surge of private equity interest in the skilled trades. In the episode featuring Patrick Lange, Founder of the Business Modification Group, the conversation centers around this exciting trend. Lange shares practical strategies for preparing a service business to attract investment.

Thomas Scott, CEO and founder of Home Run Franchises, highlights a generational shift in career preferences in a podcast episode. According to the World Economic Forum, in 2024, Gen Z comprises around 20–25% of the U.S. workforce. Scott notes that many Gen Z workers are losing confidence in the value of traditional college degrees. Instead, they are increasingly turning to vocational training and pursuing careers in trades like plumbing and electrical work. 

The podcast also delves into how field service professionals can enhance customer experiences, optimize operations using AI and automation, while also providing valuable insights and actionable tips for building strong teams and fostering a culture of respect and accountability. 

“Workiz Unplugged sets itself apart by focusing not only on technological advancements but also on practical strategies for leadership and business growth,” Azaria said. “It explores the transformative potential of tools like Workiz’s AI assistant, Genius, which revolutionizes scheduling, communication, and workflow management, offering listeners a comprehensive roadmap to success in the modern field service industry.”

“Our goal is to ensure that field service professionals have access to the resources they need to thrive. This podcast is more than just a series of interviews – it’s a community dedicated to innovation and growth in our industry.”

“Workiz Unplugged” is now available on major podcast platforms:

Spotify: Listen on SpotifyApple Podcasts: Listen on Apple PodcastsYouTube: Listen on YouTube

For more information and to access episode transcripts, visit www.workiz.com/podcast.

About Workiz
Workiz is a leading field service management platform designed to help service professionals streamline their operations, improve customer satisfaction, and grow their businesses. With innovative tools like the AI assistant Genius, Workiz is committed to bringing cutting-edge technology to the field service industry. To learn more about Workiz, visit the website: www.workiz.com

MEDIA CONTACT:
Heather Ripley
Ripley PR
(865) 977-1973
hripley@ripleypr.com

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SOURCE Workiz

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New ‘Data Driven,Technology Enabled’ Brand Campaign Heralds Bold Next Chapter for Lloyd’s List Intelligence

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October 30, 2024

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New brand design, look and feelNew innovations coming in 2025

LONDON, Oct. 30, 2024 /PRNewswire/ — Lloyd’s List Intelligence, the maritime data, insights, analytics and technology company, today launched a dynamic new brand positioning, one that aligns to its data driven, technology enabled present and future. 

Professionals around the world rely on Lloyd’s List Intelligence to provide clarity and transparency to seaborne trade, with over 290 years in delivering commercial maritime information and data. Recent world events have underlined the importance of shipping to the global economy, and its unique exposure both to geopolitical shocks and the impacts of global warming. In this fast-changing world Lloyd’s List Intelligence remains essential and constant, helping its users navigate their way through risk and uncertainty.

Our brand has long been synonymous with trusted data and expert insight. We are now building on this legacy, and evolving our offering, to ensure our customers and partners can make decisions with confidence and keep their operations safe and secure, whatever the future brings.

A new look and future-proofed approach

Lloyd’s List Intelligence exists to support seaborne trade through change by combining data transparency, innovative technology and human ingenuity.  We deliver trusted insight, data and analytics that drive commercial advantage, evaluate risk and support the safe, efficient and legal movement of trade. We do this powered by data, enabled by technology and accelerated through human ingenuity

Data Driven. Tech Enabled.

Our new look and positioning herald a bold next chapter for Lloyd’s List Intelligence. It will also be the gateway to a raft of exciting new solution enhancements coming to market in 2025.   

Michael Dell, CEO, Lloyd’s List Intelligence, said, “Shipping is the engine of the global economy. When it is disrupted, everyone feels the effects, especially the thousands of professionals working in shipping, insurance, finance, commodities, government and law who keep global trade moving. We are evolving our business so we can continue to best serve them.  Nearly three centuries after pioneering the concept of maritime information, Lloyd’s List Intelligence is still defining the state of the art and supporting our customers’ decision making through our data, analytics, workflow integration and information.    Through almost three centuries of seismic change, we have proven our constant ability to innovate. 

Visit www.lloydslistintelligence.com or contact Richard.knight@mettlepr.com  07725 996 625 for further information.

 

 

View original content:https://www.prnewswire.co.uk/news-releases/new-data-driventechnology-enabled-brand-campaign-heralds-bold-next-chapter-for-lloyds-list-intelligence-302291435.html

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Cyngn Announces Date for Third Quarter 2024 Financial Results and Withdrawal of Reg A Filing

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October 30, 2024

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Cyngn will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024 and has withdrawn its Reg A Filing.

MENLO PARK, Calif., Oct. 30, 2024 /PRNewswire/ — Cyngn Inc. (the “Company” or “Cyngn”) (Nasdaq: CYN) will announce its fiscal third quarter 2024 financial results for the period ended September 30, 2024, on Wednesday, November 6, 2024, after the close of market.  In addition, the Company today announced that despite having been notified by the SEC that they had no further comments on the Reg A filing that was originally filed on August 15, 2024, the Company has submitted a letter to the SEC withdrawing the Reg A filing. 

The financial results will be available on the Cyngn website under “News & Events” at https://investors.cyngn.com/. The Company will not host an earnings call.

About Cyngn
Cyngn develops and deploys scalable, differentiated autonomous vehicle technology for industrial organizations. Cyngn’s self-driving solutions allow existing workforces to increase productivity and efficiency. The Company addresses significant challenges facing industrial organizations today, such as labor shortages, costly safety incidents, and increased consumer demand for eCommerce.

Cyngn’s DriveMod Kit can be installed on new industrial vehicles at end of line or via retrofit, empowering customers to seamlessly adopt self-driving technology into their operations without high upfront costs or the need to completely replace existing vehicle investments.

Cyngn’s flagship product, its Enterprise Autonomy Suite, includes DriveMod (autonomous vehicle system), Cyngn Insight (customer-facing suite of AV fleet management, teleoperation, and analytics tools), and Cyngn Evolve (internal toolkit that enables Cyngn to leverage data from the field for artificial intelligence, simulation, and modeling).

Find Cyngn on:   

Website: https://cyngn.comTwitter: http://twitter.com/cyngnLinkedIn: https://www.linkedin.com/company/cyngnYouTube: https://www.youtube.com/@cyngnhq

Investor Contact:
Don Alvarez
investors@cyngn.com               

Media Contact:
Luke Renner
media@cyngn.com

Forward-Looking Statements:
This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Any statement that is not historical in nature is a forward-looking statement and may be identified by the use of words and phrases such as “expects,” “anticipates,” “believes,” “will,” “will likely result,” “will continue,” “plans to,” “potential,” “promising,” and similar expressions. These statements are based on management’s current expectations and beliefs and are subject to a number of risks, uncertainties and assumptions that could cause actual results to differ materially from those described in the forward-looking statements, including the risk factors described from time to time in the Company’s reports to the SEC, including, without limitation the risk factors discussed in the Company’s annual report on Form 10-K filed with the SEC on March 7, 2024. Readers are cautioned that it is not possible to predict or identify all the risks, uncertainties and other factors that may affect future results No forward-looking statement can be guaranteed, and actual results may differ materially from those projected. Cyngn undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise.

Cautionary Note. References and links to websites have been provided as a convenience, and the information contained on such websites is not incorporated by reference into this press release. Cyngn is not responsible for the contents of third-party websites.

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SOURCE Cyngn

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