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XChange TEC.INC RECEIVES NASDAQ NOTICE OF REGAINING COMPLIANCE

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SHANGHAI, Nov. 29, 2024 /PRNewswire/ — XChange TEC.INC (NASDAQ: XHG) (the “Company”), today announced that it has received a notice (the “Compliance Notice”) from The Nasdaq Stock Market LLC (“Nasdaq”) dated November 26, 2024 stating that the Company has regained compliance with the requirement to maintain a minimum bid price of $1 per share as set forth under Nasdaq Listing Rule 5550(a)(2) (the “Bid Price Rule”) for continued listing on The Nasdaq Capital Market.

As previously announced by the Company, on November 8, 2024, the Company received a notice from Nasdaq stating that the Company was not in compliance with the Bid Price Rule. With the receipt of the Compliance Notice from Nasdaq on November 26, 2024, the Company is now in compliance with The Nasdaq Capital Market’s listing requirements, and the Company’s American Depositary Shares will continue to be listed and traded on Nasdaq.

About XChange TEC.INC

XChange TEC.INC, through its subsidiaries and consolidated variable interest entities, operates insurance agency and insurance technology business. The insurance agency is PRC-licensed and operates nationwide in the PRC with a wide range of insurance products underwritten by major insurance companies, including industry leading and/or state-owned property and casualty insurance companies as well as certain regional property and casualty insurance companies in the PRC. The insurance technology business is focused on operating and developing insurance technology in the PRC, including developing SaaS platform to connect consumers and underwriting support.

Forward-Looking Statements

This press release contains forward-looking statements. 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. The Company’s actual results may differ materially from those expressed in any forward-looking statements as a result of various factors and uncertainties. The reports filed by the Company with the U.S. Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

View original content:https://www.prnewswire.com/news-releases/xchange-tecinc-receives-nasdaq-notice-of-regaining-compliance-302318294.html

SOURCE XChange TEC.INC

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GIS Solutions to Address Urban Challenges and Drive Smart City Development Revealed in New Resource From Info-Tech Research Group

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As governments face growth and economic pressures, a new strategic guide from Info-Tech Research Group shows how GIS technology can optimize infrastructure, improve service delivery, and support strategic urban development. This resource provides IT leaders with actionable strategies to navigate these challenges and drive smarter, more efficient government operations.

TORONTO, Nov. 29, 2024 /PRNewswire/ – Urban growth, smart city initiatives, and the demand for efficient service delivery are placing unprecedented pressure on local governments, making geographic information systems (GIS) indispensable tools for addressing these evolving challenges. However, tight budgets, labor shortages, and outdated infrastructure can hinder successful GIS adoption. To help overcome these barriers, Info-Tech Research Group has released its strategic guide Mapping Success. The recently published resource offers IT leaders actionable strategies to modernize operations, streamline GIS implementation, and meet the evolving needs of their communities.

“In the context of GIS technology, adopting a strategic vision is important for empowering governments to enhance service delivery, improve decision-making, and effectively address their operational needs,” says Patrick Spencer, research fellow at Info-Tech Research Group. “IT leaders should transition from passive technology enablers into proactive strategic collaborators by aligning GIS initiatives with government priorities, fostering cross-departmental collaboration, and maximizing the value of GIS investments.”

In the new strategic guide, Info-Tech highlights the challenges IT leaders face in adopting GIS technology despite its vital role in addressing economic and societal needs. Limited access to GIS tools in remote and underserved regions with poor internet connectivity continues to restrict the adoption of geospatial analysis. Additionally, the firm explains that a lack of understanding or appreciation of GIS capabilities among government leaders often hinders its effective use in decision-making and planning. The strategic guide emphasizes that embracing digital innovation and exploring emerging GIS technologies are key to improving service delivery, enhancing citizen engagement, and unlocking the full potential of geospatial analysis to address pressing challenges.

“A comprehensive GIS strategy involves establishing robust governance frameworks, promoting spatial literacy among staff, and prioritizing data security and privacy,” explains Spencer. “Developing a clear roadmap for GIS implementation and growth ensures that efforts are coordinated and aligned with broader organizational goals.”

The firm’s strategic guide further details how GIS integrates various data types, such as satellite imagery, topography, population demographics, and land use. This integration delivers valuable insights for decision-making across multiple sectors, including urban planning, natural resource management, emergency response, and business analysis.

Info-Tech advises that by focusing on strengthening GIS capabilities, encouraging cross-sector collaboration, and promoting data-driven decision-making, governments can unlock the full potential of GIS to drive positive outcomes and enhance operational efficiency.

In Mapping Success, Info-Tech outlines how GIS platforms can enable governments to work more efficiently and make better use of their resources:

GIS platforms like ArcGIS, QGIS, and GeoServer provide the foundation for spatial data management, analysis, and visualization within government operations.Remote sensing technologies leverage GIS to process and analyze satellite imagery and LiDAR, offering valuable spatial information for urban planning and infrastructure management.Internet of Things (IoT) data is integrated into government operations through GIS, allowing for the visualization and analysis of real-time geospatial information from IoT devices and sensors.Open data platforms incorporated into GIS applications enhance the accuracy and relevance of spatial information, supporting data-driven decision-making and promoting transparency in governance.Visualization tools, such as Tableau and Power BI, help present spatial data in an intuitive, visually engaging manner, making it easier for stakeholders to interpret and act on spatial insights.Digital twinning solutions combine GIS data with digital twin models to simulate real-world scenarios, monitor infrastructure performance, and optimize urban planning strategies through spatial analysis.

GIS enables the identification of areas with limited digital resources, allowing for a clear assessment of current broadband service levels and targeted investments in underserved regions. By leveraging insights from this strategic guide, IT leaders in the government sector can align GIS initiatives with government priorities, enhance operational efficiency, and unlock the potential of geospatial analysis to address the complex challenges of modern governance.

For exclusive and timely commentary from Patrick Spencer, an expert in the government sector, and access to the complete Mapping Success strategic guide, please contact pr@infotech.com.

About Info-Tech Research Group
Info-Tech Research Group is one of the world’s leading research and advisory firms, proudly serving over 30,000 IT and HR professionals. The company produces unbiased, highly relevant research and provides advisory services to help leaders make strategic, timely, and well-informed decisions. For nearly 30 years, Info-Tech has partnered closely with teams to provide them with everything they need, from actionable tools to analyst guidance, ensuring they deliver measurable results for their organizations.

To learn more about Info-Tech’s divisions, visit McLean & Company for HR research and advisory services and SoftwareReviews for software buying insights.

Media professionals can register for unrestricted access to research across IT, HR, and software and hundreds of industry analysts through the firm’s Media Insiders program. To gain access, contact pr@infotech.com.

For information about Info-Tech Research Group or to access the latest research, visit infotech.com and connect via LinkedIn and X.

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SOURCE Info-Tech Research Group

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The Inner Circle acknowledges, Larissa Duron as a Pinnacle Professional Member Inner Circle of Excellence

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LONG BEACH, Calif., Nov. 29, 2024 /PRNewswire/ — Prominently featured in The Inner Circle, Larissa Duron is acknowledged as a Pinnacle Professional Member Inner Circle of Excellence for her contributions to Electrical Systems Engineering and Prototype Manufacturing.

Larissa Duron is an accomplished professional with over 25 years of experience in technology and 15 years in electrical systems engineering and manufacturing. She founded Duron Industries LLC, specializing in engineering services, prototype manufacturing solutions, and electrical products. 

Ms. Duron holds a Bachelor of Science in Electronics and Communications Engineering from ITT Technical Institute and an Associate of Science in Visual Communications in Multimedia Design from Collins College with additional experience and certifications in Project Management, Electric Vehicles, Counterintelligence Training, Electrical Safety Training, and Radio Frequency.

As a Woman-Owned, Veteran-Owned, Minority-Owned, LGBT-Owned, and Disadvantaged Small Business, Duron Industries prioritizes supplier diversity to acknowledge and provide opportunities to struggling communities. Ms. Duron understands the challenges of operating a small, disadvantaged business and is now ready to take it a step further while planning to announce her new launch of business growth services to guide companies with resources toward success. Duron Industries also aligns with the American National Standards Institute (ANSI) and the entire executive team contributes to community service efforts in the areas of veteran assistance, child advocacy, and small business growth volunteer work.

Before starting her career, Ms. Duron proved her dedication to the United States by serving as an E-4 Specialist in the United States Army Signal Corps, during that time she was deployed to South Korea to support the 1st Signal Brigade Yongsan Garrison. She operated, maintained, and installed military telephones in addition to handling the COMSEC equipment for the President of the United States, AFKN radio, and AM/FM transmission systems. Throughout her service, Ms. Duron was also deployed to Fort Lewis, Washington for combat communications with the 29th Signal Battalion in support of the I Corps 7th Infantry Division. She was also invited to collaborate with an industry-leading astronaut in prototype manufacturing. Additionally, she assisted in aerospace antenna testing for the Mars Rover Parachute.  
After her service, she served as a Senior Electrical Systems Engineer at KLA Corporation where she led product development and hardware integration services for electrical distribution systems. Her experience in electrical engineering also includes significant roles at Kuryakyn, Applied Minds LLC, and Nearfield Systems Inc., enhancing her skills in manufacturing, product development, and leadership.

Diligently devoted to her industry, Ms. Duron continues her dedication to embracing resilience and maintaining a learner’s mindset while navigating the challenges and opportunities in the engineering and manufacturing industries. As she continues to lead her company towards innovative horizons, she remains committed to her vision of helping society by making impactful technological advancements.

Contact: Katherine Green, 516-825-5634, editorialteam@continentalwhoswho.com

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SOURCE The Inner Circle

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Infrasense Completes Subsurface Utility Engineering (SUE) Survey in Essex County, Massachusetts

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Infrasense recently performed a subsurface utility engineering (SUE) survey for an interstate in Massachusetts. All four industry standard quality levels were employed for this project from a comprehensive as-built records search (QL-D) to targeted test pitting for visual verification and direct measurements (QL-A). The geophysical survey (QL-B) utilized a high-resolution 3D ground-penetrating radar (3DGPR) system, and a thorough electromagnetic induction (EMI) investigation carried out by experienced utility locators.

SALEM, Mass., Nov. 29, 2024 /PRNewswire-PRWeb/ — Infrasense was tasked with completing a SUE survey to designate and locate underground utilities along a state highway road in Essex County, Massachusetts as part of rehab planning of an overpass. The survey included a QL-C level investigation using the record drawings, a QL-B investigation of all potential utilities and subsurface obstructions using geophysical methods (GPR and EMI), followed up by Level A potholing at 7 locations to measure precise depths of the individually mapped utilities at the clients’ specified locations.

The GPR data collection for the QL-B component was completed using our Impulse Radar Raptor-45 multichannel array GPR system. The Raptor system was deployed using the 18-channel vehicle mount setup for the roadway collection, and then with the 8-channel cart-based setup for sidewalk and shoulder collection. The 3-D array uses RTK GPS for location tracking and a total of eight 450-MHz GPR antennas simultaneously collecting subsurface information along 5.5-foot-wide swaths at traffic speed down to depths of approximately 10 feet for this project. As part of the ASCE 38-22 specification, the GPR data collection was completed in conjunction with an electromagnetic induction (EMI) pipe and cable locator tool (RD8200) to trace out the position of any utilities that were accessible from manholes, utility poles, water meters, hydrants, etc., and any active electrical lines which are detectable without direct access. Utilities identified by way of EMI were marked on the surface using paint and then recorded using RTK GPS.

The results of the project were compiled into a digital map integrating the GPR and EMI datasets. The array GPR data was assembled into a representative 3D model of the project for analysis using depth slice review, and advanced mapping toolsets in the Impulse Radar Condor software package. The GPR results are transferred into CAD software and then integrated with the EMI results to confirm service types and finalize target identification. Using these results, we coordinated with the client to determine the 7-test pit locations for full QL-A location information of the desired utilities, including communication, water, and gas lines. The test pit elevation information was used to calibrate the depth results before final submittal.

About Infrasense, Inc.
Since 1987, Infrasense, Inc. has applied advanced technologies to address the most difficult challenges in subsurface scanning. Infrasense’s engineers nondestructively extract critical information from a diverse range of structures. In addition to providing ongoing subsurface evaluation services to clients across the country, the firm has also conducted numerous research programs to advance the field of subsurface detection and nondestructive evaluation. To learn more about Infrasense and the services we provide, visit our website: http://www.infrasense.com.

Media Contact

Lily Strickler, Infrasense, Inc., 781-281-1686, info@infrasense.com, http://www.infrasense.com

View original content to download multimedia:https://www.prweb.com/releases/infrasense-completes-subsurface-utility-engineering-sue-survey-in-essex-county-massachusetts-302317574.html

SOURCE Infrasense, Inc.

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