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Comcast RISE to Award $3 Million in Grants to 100 Local Small Businesses in the Wasatch Front

Comcast Utah

Today, Comcast announced that it will award comprehensive grant packages to 100 small business owners in the Wasatch Front. These grants are part of a program to support the growth of small businesses and entrepreneurs committed to uplifting their local communities. Each grant package includes a robust array of support, including a technology makeover, creative production, a media schedule, educational resources, a $5,000 monetary grant, and business consultation services. Between May 1 and May 31, eligible small businesses in Bluffdale, City of Draper, Herriman City, Riverton, Sandy City, South Jordan, City of West Jordan, and White City can apply for the Comcast RISE program at www.ComcastRISE.com. Grant packages will include: TECHNOLOGY MAKEOVER - Computer equipment and Internet, Voice, and Cybersecurity services for 12 months. (Taxes and other fees may apply for tech makeover services.) CREATIVE PRODUCTION & MEDIA - Professionally produced 30-second TV commercial, plus a media strategy consultation and a 180-day linear media schedule. (Taxes and other fees may apply for production and media services.) EDUCATION RESOURCES - 12-month access to online entrepreneurship courses, learning modules and resources for small business owners. MONETARY GRANT - $5,000 monetary grant. COACHING SESSIONS - Business assessment and coaching that provides business owners with recommendations on how to help grow their businesses. Wasatch Front, Utah is one of five regions where 100 local businesses will receive Comcast RISE grants, including Boston, Grand Rapids, Mich., Nashville, Tenn., and Seattle. The 500 total recipients will join the 14,000 entrepreneurs nationwide who have been supported through Comcast RISE since the program launched in 2020. “Among the many things we all love about Utah is our vibrant small businesses and Comcast’s commitment to supporting them,” said J.D. Keller, senior vice president of Comcast’s Mountain West Region. “The Comcast RISE program will deliver innovative and impactful resources that will make a lasting impact on small businesses in Utah. Supporting small businesses is crucial for economic development and ensuring that the backbone of our communities can thrive.” “The Comcast RISE program was everything I needed during a time of uncertainty and loss," said Tenisha Hicks, owner of Isha Recovery and Sculpt and former Comcast RISE recipient. “Having a way to help boost my business and ensure that patients can find me was a blessing, one that keeps giving to this day. I am so grateful for the Comcast RISE program and hope that it can help other businesses in the future because it certainly helped mine." Comcast RISE is part of Project UP, the company’s comprehensive initiative to create digital opportunity and help build a future of unlimited possibilities. More information on eligibility requirements and details on how to apply are available at www.ComcastRISE.com. Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Deneiva Knight +1 520-345-9792 deneiva_knight@comcast.com Company Website https://utah.comcast.com/

April 14, 2025 02:00 PM Mountain Daylight Time

XLF Fund Opens Doors to U.S. Financial Sector

Select Sector SPDR

The Financials Select Sector SPDR Fund ( XLF ) stands as an option for investors seeking exposure to the dynamic U.S. financial sector. By incorporating a broad range of financial stocks from the S&P 500, XLF provides a streamlined entry point to one of the most pivotal segments of the economy. A Balanced Fund XLF employs a modified market capitalization-weighted index strategy, offering investors a balanced approach to financial sector investment. This methodology focuses on well-established, large-cap companies while also capturing sub-sectors such as banking, insurance, credit services, and capital markets. Notable Holdings* Include: Berkshire Hathaway B – 13.98% JP Morgan Chase – 9.82% Visa A – 8.65% Mastercard A – 6.39% Bank of America– 3.96% Wells Fargo – 3.38% Goldman Sachs – 2.44% Progressive – 2.37% S&P Global – 2.29% American Express– 2.14% This mix of holdings provides exposure to various segments of the financial sector. Accessibility for All Investors For investors aiming to enter the financial sector without the complexity of picking individual stocks, XLF presents an accessible and straightforward option. By pooling a collection of financial stocks, the fund eliminates the heavy lifting involved in individual stock selection, making it a practical choice for both seasoned and new investors. A Seamless Gateway to the Financial Sector XLF is engineered to enable investors to take advantage of the financial sector’s critical role in the economy. With its portfolio focused on the financial components of the S&P 500, it provides exposure to various aspects of the financial sector. For more information about the Financial Select Sector SPDR Fund (XLF) and how it may serve your investment needs, please visit our website @ sectorspdrs.com. XLF offers an efficient and accessible pathway into the U.S. financial sector. DISCLAIMER: This is a work of research and should not be taken as investment or financial advice. Therefore, Select Sector SPDRs or the publisher is not liable for any decision made based on the publication. About the Company: Select Sector SPDR ETFs offer flexibility and customization opportunities. Many investors have similar outlooks, but no two are exactly alike. Select Sector SPDR ETFs let investors select the sectors that best meet their investment goals. *Holdings, Weightings & Assets as of 3/31/25 subject to change DISCLOSURES The S&P 500 Index is an unmanaged index of 500 common stocks that is generally considered representative of the U.S. stock market. The index is heavily weighted toward stocks with large market capitalizations and represents approximately two-thirds of the total market value of all domestic common stocks. The S&P 500 Index figures do not reflect any fees, expenses or taxes. An investor should consider investment objectives, risks, fees and expenses before investing. One may not invest directly in an index. Transparent ETFs provide daily disclosure of portfolio holdings and weightings All ETFs are subject to risk, including loss of principal. Sector ETF products are also subject to sector risk and nondiversification risk, which generally will result in greater price fluctuations than the overall market. Diversification does not eliminate risk. An investor should consider investment objectives, risks, charges and expenses carefully before investing. To obtain a prospectus, which contains this and other information, call 1-866-SECTOR-ETF (732-8673) or visit www.sectorspdrs.com. Read the prospectus carefully before investing. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is distributor for the Select Sector SPDR Trust. Media Contact: Company: Select Sector SPDRs Contact: Dan Dolan* Address: 1290 Broadway, Suite 1000, Denver, CO 80203 Country: United States Email: dan.dolan@sectorspdrs.com Website: https://www.sectorspdrs.com/ *Dan Dolan is a Registered Representative of ALPS Portfolio Solutions Distributor, Inc. ALPS Portfolio Solutions Distributor, Inc., a registered broker-dealer, is the distributor for the Select Sector SPDR Trust. SEL008350 EXP 6/30/25 Contact Details Dan Dolan +1 203-935-8103 dan.dolan@sectorspdrs.com Company Website https://www.sectorspdrs.com/

April 11, 2025 05:00 AM Eastern Daylight Time

Timeless Elegance from Lake Como: Elizabetta Showcases Handcrafted Luxury Scarves and Accessories Made in Italy

Rev Up Marketers

Elizabetta, a luxury fashion brand based in the heart of Italy's famed textile region, is redefining timeless style with its exclusive line of handcrafted scarves, shawls, ties, ascots, neckerchiefs, and pocket squares for both women and men. Founded by Francesca Dinardo, Elizabetta is committed to preserving the tradition of fine Italian craftsmanship while offering unique designs that speak to modern sophistication. Each piece in the Elizabetta collection is 100% handmade in Italy, using only the finest silk and wool sourced from ethical, family-run mills. From the drawing table to the final stitch, every product reflects the meticulous attention to detail and passion for excellence that defines Italian artisanal heritage. “ We believe in slow fashion and sustainable luxury, ” says founder Francesca Dinardo. “Our mission is to create beautiful, lasting pieces that honor the traditions of Italian craftsmanship while offering something truly distinctive for our customers around the world.” Designed in-house and inspired by Italian art, history, and culture, Elizabetta’s accessories stand apart for their originality and exclusivity. Limited production runs ensure that each item remains a rare, wearable work of art — not a mass-produced trend. About Elizabetta The Elizabetta brand is a celebration of elegance, individuality, and heritage, appealing to discerning customers who appreciate authenticity and refined design. Whether it’s a silk ascot that elevates formal attire or a wool scarf that adds a touch of class to everyday wear, Elizabetta offers luxury accessories that make a lasting impression. To explore the full collection, visit: https://elizabetta.net/ For media inquiries or collaboration requests, please contact: Francesca Dinardo Email: support@elizabetta.net Location: Lake Como, Italy Contact Details Elizabetta Francesca Dinardo support@elizabetta.net Company Website https://elizabetta.net/

April 10, 2025 09:05 AM Eastern Daylight Time

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Palatin Technologies Scores Triple Win with Breakthrough Results in Obesity, Colitis, and Kidney Disease

Global Markets News

Completion of Phase 2 Obesity Study With MC4R Bremelanotide Plus GLP-1/GIP Tirzepatide Palatin Announces Positive Phase IIb BREAKOUT Study Results in Patients with Type 2 Diabetic Nephropathy Palatin Announces Completion of Patient Enrollment in Phase 2 Study of Orally Administered Melanocortin Agonist PL8177 in Ulcerative Colitis Palatin Technologies (NYSE American: PTN)* is on a remarkable winning streak, reporting positive clinical results across three major diseases in just the past two weeks. The company's latest victory came today with promising data in diabetic kidney disease presented at the National Kidney Foundation Spring Meeting in Boston. "The positive results from our Phase 2b study evaluating a melanocortin agonist in patients with diabetic Type 2 nephropathy represents our third major clinical milestone across distinct therapeutic areas," said Carl Spana, Ph.D., President and CEO of Palatin. "These results, along with previously announced positive topline data from our Phase 2 obesity and ulcerative colitis studies, and the advancement of our Phase 3 dry eye disease program, demonstrate the breadth and robustness of our melanocortin platform." In the six-month BREAKOUT study, patients with Type 2 diabetic nephropathy showed significant improvements in kidney function after treatment with bremelanotide, a melanocortin agonist. Seventy-one percent of patients achieved meaningful reductions in protein levels in urine and maintained or improved their glomerular filtration rate—both critical markers of kidney health. This latest success caps an impressive series of announcements. On March 31, Palatin reported that its Phase 2 obesity study met its primary endpoint with highly statistically significant results. The co-administered group had a 4.4% reduction in weight compared to 1.6% for the placebo group (p<0.0001). Notably, the company's MC4R agonist appeared to prevent weight regain after tirzepatide discontinuation, potentially addressing one of the biggest challenges in obesity treatment. "This study provides compelling evidence that combining an MC4R agonist with a GLP-1/GIP compound creates a synergistic effect on weight loss," said Jesse Richards, DO, of Oklahoma State University College of Osteopathic Medicine, as quoted in Palatin's press release. "With a critical need for diverse weight loss solutions, this approach offers a promising improvement to GLP-1/GIP monotherapy, particularly for those who struggle with tolerability at high doses." Just days earlier, Palatin announced breakthrough results in ulcerative colitis. Their PL8177 treatment demonstrated clinical response in 78% of treated patients versus 33% on placebo (p<0.005), with clinical remission achieved in 33% of PL8177-treated patients versus 0% on placebo. "We are thrilled with the positive results in this study, especially the meaningful and high rates of achievement for clinical remission and clinical response," Dr. Spana stated in the announcement. "These endpoints align with the FDA's recommended primary and key secondary endpoints for evaluating efficacy in UC clinical trials." The potential market impact of these developments is substantial. Palatin's approach to obesity treatment appears particularly timely as Rhythm Pharmaceuticals just reported successful Phase 3 results for setmelanotide in hypothalamic obesity, showing a -19.8% placebo-adjusted BMI reduction. The two companies represent the only players actively developing MC4R-targeted therapies for obesity conditions. Adding to Palatin's momentum, the FDA recently granted "orphan drug" designation to PL7737, the company's oral melanocortin-4 receptor agonist, for leptin receptor deficiency obesity. This designation provides incentives including tax credits for clinical trials and potential market exclusivity. According to Dr. Spana, the company is advancing discussions with multiple pharmaceutical companies for potential licensing deals. "Several major pharmaceutical companies have shown strong interest in our UC program," he stated in the March 28 press release, "and we believe these positive Phase 2 results in PL8177 treated patients, for the critical efficacy endpoints of both clinical remission and clinical response, could help solidify a potential licensing deal." With multiple clinical successes driving interest in its technology platform across billion-dollar markets including obesity, ulcerative colitis, and kidney disease, Palatin appears to be validating its scientific approach as analysts at H.C. Wainwright maintain a $7 price target on the stock. Recent Palatin Technologies News Highlights: Completion of Phase 2 Obesity Study With MC4R Bremelanotide Plus GLP-1/GIP Tirzepatide Palatin Announces Positive Phase IIb BREAKOUT Study Results in Patients with Type 2 Diabetic Nephropathy Palatin Announces Completion of Patient Enrollment in Phase 2 Study of Orally Administered Melanocortin Agonist PL8177 in Ulcerative Colitis *DISCLAIMER: This alert is published by Wall Street Wire. Wall Street Wire does not provide financial or investment advice, and our content does not represent an offer to buy or sell securities. Wall Street Wire is a promotional content brand and its operators are not registered brokers, dealers, or investment advisers. This alert contains and is a form of paid promotional content for to Palatin Technologies and was produced as part of their paid subscription to Wall Street Wire’s distribution and promotional content services. This alert has not been reviewed or approved by Palatin Technologies prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms Contact Details WALL STREET WIRE | NEWS News Coverage media.globalmarkets@gmail.com

April 10, 2025 08:37 AM Eastern Daylight Time

Former ESPN NBA Insider Adrian Wojnarowski Joins Players Health’s NIL Advisory Board, Begins Brand Ambassadorship

Players Health

Players Health, the leading provider of athlete safety and insurance solutions, today announced the appointment of St. Bonaventure men’s basketball general manager and former ESPN NBA Insider Adrian “Woj” Wojnarowski to its NIL Advisory Board and as a brand ambassador. The partnership formally began on Friday, April 4, when Woj appeared on behalf of Players Health at the NCAA Men’s Final Four in San Antonio, Texas. Widely regarded as one of the most respected names in sports media, Woj joins the Players Health NIL Advisory Board after retiring from his award-winning role at ESPN, where he spent years breaking NBA news and guiding coverage across the network’s platforms. Now, as the general manager for St. Bonaventure men’s basketball, he oversees a broad range of responsibilities, including name, image, and likeness opportunities, transfer portal management, and alumni relations. “St. Bonaventure has given me opportunity to utilize three decades of relationships to create the greatest possible impact on the next generation of athletes,” said Wojnarowski. “Joining Players Health allows me to widen that circle even further, especially now, when NIL has opened remarkable doors. We want to ensure that while these athletes seize their opportunities, they do so with the safety and support they deserve.” Wojnarowski will join fellow industry leaders on the Players Health NIL Board of Advisors to drive strategic initiatives, engage in educational panels, and advance the Players Health mission at industry events. “Woj revolutionized sports journalism with his approach to reporting and relationships, and now he is bringing that same forward-thinking mindset to our team as one of the first GMs in college athletics,” said Tyrre Burks, Founder & CEO of Players Health. “NIL has fundamentally transformed the collegiate landscape, and there is no one better equipped to help us navigate this new era. His insights will be invaluable to our success as we work to develop solutions that keep athletes safe, supported, and empowered at every stage of their athletic career.” Players Health and Wojnarowski traveled to San Antonio for the NCAA Men’s Final Four, where Wojnarowski took part in a panel discussion on the evolution of the general manager role in collegiate athletics. The panel was held on Friday, April 4 at the Boggess Center during the Global NIL Conference hosted by Silver Waves Media. The announcement comes just three months after Players Health closed a $60 million Series C funding round to accelerate the expansion of their innovative athlete safety and insurance solutions across youth, recreational, collegiate, and professional sports. To learn more, visit: https://www.playershealth.com/ Players Health is a sports technology company providing digital risk management services, reporting tools and insurance products to sports organizations to empower them to stay ahead of their ever-changing safety and compliance responsibilities. Working towards establishing the safest environment for athletes, Players Health views the health and safety of athletes as a priority in today's sports landscape. Contact Details Hot Paper Lantern playershealth@hotpaperlantern.com Company Website https://www.playershealth.com

April 09, 2025 09:00 AM Eastern Daylight Time

Kraken Lists WINkLink (WIN) with $90,000 Reef Program Airdrop

WINkLink

Kraken, one of the world’s leading cryptocurrency exchanges, has announced the listing of WINkLink (WIN) for spot trading, with new WIN/USD and WIN/EUR trading pairs. WINkLink is the first comprehensive oracle of the TRON ecosystem. The listing comes alongside the launch of the Reef Program, an airdrop campaign of $90,000 in WIN tokens. WINkLink, launched in 2019, is the first decentralized oracle platform in the TRON ecosystem, providing secure and efficient off-chain data services for smart contracts. WINkLink connects data between TRON’s blockchain and centralized systems, supporting decentralized finance (DeFi) and decentralized applications (DApps). As the governance token, WIN (TRC-20) drives the WINkLink ecosystem, enabling holders to participate in governance and earn rewards. As of April 2025, WIN’s market cap is approximately $43 million, with listings on major exchanges like KuCoin and OKX. WINkLink has grown significantly since its launch reaching several milestones: August 2019: WINkLink was introduced as TRON's first decentralized oracle project, aiming to bridge smart contracts with real-world data. April 2021: The WINk team completed the acquisition of JustLink.io, establishing WINkLink as the first comprehensive oracle in the TRON ecosystem. 2022: WINkLink joined TRON’s BitTorrent Chain (BTTC) cross-chain ecosystem, enhancing interoperability with Ethereum and BNB Chain. 2023: Established a network of decentralized nodes, improving data reliability and security. October 2024: Launched Automation and Any API Beta, streamlining DApp development and improving on-chain operational efficiency. January 2025: Any API Data Feeds goes live, enhancing data transmission security with multi-layer encryption. The listing of WINkLink (WIN) on Kraken marks a key milestone in the token’s global expansion, with its exposure and access to institutional and retail investors across North America, Europe and Asia-Pacific. Having WIN/USD and WIN/EUR trading pairs now available, it gives the opportunity for direct entry into major fiat markets. Aimed at boosting the engagement and attracting a wide audience to the WINkLink ecosystem, an airdrop of $90,000 worth of WIN tokens through the Reef Program will be launched simultaneously. This listing on kraken is expected to drive new growth momentum for WINkLink, particularly with innovative features like Any API Data - Feeds. Fueling development and adoption of the TRON ecosystem following the listings of APENFT, JST, SUN and STEEM on Kraken. About WINkLink As the first comprehensive oracle on the TRON blockchain, WINkLink fully integrates the real world with the blockchain space, provides reliable and verifiable random numbers, and fully restores trust and improves user experience by tapping into data, events, and payment systems from the real world. WIN, a TRON-based TRC-20 token, is the governance token of the WINkLink oracle network, and has been listed on Binance, OKX, KuCoin, Poloniex, Bitget, and many other well-known international exchanges. Media Contact Victor bd@winklink.org Contact Details Victor bd@winklink.org

April 08, 2025 11:57 PM Eastern Daylight Time

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SUN (SUN) Lists on Kraken with a $90,000 Reef Program Airdrop Unlocking Broader Access to the TRON’s Ecosystem

SUN

Kraken, one of the world’s leading cryptocurrency exchanges, has officially listed SUN (SUN), a core governance token of SUN.io. The SUN.io platform integrates such functions as token swaps, liquidity mining, stablecoin swaps and decentralized autonomous organization (DAO) on the TRON public chain, focusing on building TRON’s DeFi ecosystem with decentralized exchanges (DEX) at its core. The new listing introduces two major trading pairs, SUN/USD and SUN/EUR, making SUN available to a wider market. In conjunction with this listing, an airdrop Reef Program offering $90,000 worth of SUN tokens launched at the same time. Launched in 2020, SUN.io has grown into a cornerstone of the TRON ecosystem. As of April 2025, the SUN token has reached over $649 million in total value locked (TVL). As the first platform on TRON to combine stablecoin swaps, token mining, governance, and trading, SUN.io stands as the network’s largest decentralized exchange (DEX). The platform has driven significant innovation, including the launch of SunSwap for efficient token swaps and the introduction of SunPump in 2024, which became a major hub for meme coin projects on TRON. Sun.io has grown significantly, reaching several milestones: August 2024: SunPump launched as TRON’s first fair-launch platform for meme coin issuance and trading. Since its debut, it has supported over 96,000 projects and generated more than $3.73 billion in transaction volume. SunPump’s unique bonding curve mechanism has drawn significant attention, attracting over 430,000 followers on X. It has generated 15 million new transactions and brought in 550,000 new wallet addresses to the TRON ecosystem—reaching a peak daily transaction volume of $350 million. 2025: SunPump introduced SunGenX, an AI-powered tool designed to simplify token creation through chatbot interactions. The addition of SUN (SUN) on Kraken marks a pivotal step in its global growth, pushing its exposure across major markets in North America and Europe. With SUN/USD and SUN/EUR trading pairs now available, SUN (SUN) extends its reach into major fiat markets. Kraken, known for its robust security measures and high compliance standards, offers the perfect platform for SUN to strengthen its credibility, particularly in stablecoin trading and meme coin issuance. The listing not only enhances the security of funds on SunSwap but also elevates the global appeal of the SunPump initiative, accelerating the international growth of the TRON ecosystem. Additionally, with the Reef Program airdrop of $90,000 worth of SUN tokens happening simultaneously, fueling SUN(SUN) to tap into a wider audience. SUN officially launched on Kraken on April 8, 2025, joining other TRON ecosystem tokens such as APENFT, JST, WIN, and STEEM. The listing reflects growing market interest and further strengthens TRON’s presence on leading global exchanges. About SUN.io SUN.io is the first decentralized autonomous platform on the TRON blockchain, distinguished by its integration of stablecoin trading, comprehensive token exchange, and liquidity mining capabilities. As a cornerstone of the TRON ecosystem, SUN.io is dedicated to optimizing trading liquidity and asset returns for its users. The platform empowers participants to stake SUN tokens, earning veSUN, which unlocks a suite of exclusive benefits, including enhanced rewards and voting rights in the platform's governance. Media Contact Sibyl marketing@sun.io Contact Details Sibyl marketing@sun.io

April 08, 2025 11:44 PM Eastern Daylight Time

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TRON DAO Fueling Growth For Young Innovators at Yale Blockchain Conference 2025

TRON DAO

Geneva, Switzerland, April 8 2025 — TRON DAO participated in the Yale Blockchain Conference as a proud sponsor of the Happy Hour Reception on April 4. The event brought together blockchain innovators, students, and thought leaders from top universities—including NYU, Harvard, MIT, BU, Columbia, and Fordham—fostering cross-campus dialogue and collaboration in the Web3 space. This year’s conference, themed "Blockchain Applications Across Industries," focused on blockchain’s transformative role in sectors such as healthcare, finance, supply chain, AI, art, law, gaming, and more. Attendees explored how blockchain is reshaping these industries and unlocking new possibilities. In addition to panel discussions and keynote sessions, the conference featured interactive segments, special prize giveaways, and surprise moments that added to the energy of the day. With over 100 attendees from a range of academic institutions, the event served as a vibrant hub for exchanging ideas and examining the opportunities and challenges of decentralized technology. TRON DAO proudly sponsored the Happy Hour session, which took place directly after the main conference. This reception created a relaxed, open environment for students, developers, and industry professionals to connect beyond the panel discussions—sparking forward-looking conversations on DeFi, scalability, and cross-chain innovation. TRON DAO was excited to engage with this dynamic community of rising individuals who are shaping the future of decentralized technology. The event served as a valuable opportunity to build relationships, exchange ideas, and support the next generation of blockchain leaders. For more details on upcoming conferences and events, please visit TRON DAO’s official website. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON blockchain has experienced significant growth since its MainNet launch in May 2018. Until recently, TRON hosted the largest circulating supply of USD Tether (USDT) stablecoin, exceeding $60 billion. As of April 2025, the TRON blockchain has recorded over 298 million in total user accounts, more than 10 billion in total transactions, and over $19 billion in total value locked (TVL), based on TRONSCAN. TRONNetwork | TRONDAO | X | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

April 08, 2025 06:59 PM Eastern Daylight Time

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Market Alert: Actelis Networks on a Roll - Secures Orange County Smart City Win Following Military Base Contracts

Global Markets News

Actelis Networks (NASDAQ: ASNS)*, a leader in cyber-hardened networking solutions, has secured a significant new order to modernize Orange County, California's intelligent transportation system (ITS) infrastructure, continuing the company's impressive momentum across multiple high-growth sectors. This latest win, announced today, builds upon Actelis' recent $140,000 order for U.S. military base modernization projects and follows strong full-year 2024 financial results that saw revenue increase by 38% and gross margins more than double. Orange County, California's third most populous county with over 3 million residents, joins Washington D.C., Seattle, and Ventura County in selecting Actelis' advanced networking technology for critical infrastructure upgrades. The order, placed through Actelis' long-standing partner Western Systems, will enhance traffic management across one of the nation's most heavily trafficked transportation networks. Actelis' hybrid-fiber technology delivers fiber-grade performance over existing infrastructure, providing both significant cost savings and dramatically accelerated project timelines—a combination that appears to be driving the company's recent string of contract wins across multiple infrastructure sectors. The Orange County contract comes just days after Actelis announced new orders to deliver its advanced GigaLine 800 (GL800) networking solution for U.S. military base modernization. These military orders will support Army installations with secure, high-speed connectivity for barracks, information centers, and other critical facilities. With Department of Defense-certified security including JITC FIPS certification, Actelis has positioned itself as a trusted provider for mission-critical defense networking applications. In late March, Actelis also announced an order from one of North America's largest railway groups to support Positive Train Control (PTC) implementation. This growing diversification across transportation, defense, and critical infrastructure sectors suggests Actelis' technology is gaining traction in markets where security and rapid deployment are paramount. The company's strong commercial momentum follows impressive financial results for fiscal year 2024, with revenue growing 38% to reach $7.8 million and gross margin expanding to 55% from 34% in the prior year. Actelis also successfully reduced operating expenses by 13% while shrinking its loss per share by 67% to $0.85. Following these results, Litchfield Hills Research's Theodore O'Neill reiterated his $5 price target and Buy rating on Actelis Networks, noting the company is "moving in the right direction – up and to the right" when viewed on a rolling four-quarter basis. The analyst highlighted that Actelis shares are trading at an 85% to 93% discount on sales measures compared to industry peers. With the global smart cities market projected to reach $300 billion by 2032 and the ITS segment expected to hit $65.33 billion, Actelis appears to be establishing a strong competitive position in rapidly growing markets for secure, rapidly deployable networking infrastructure. Recent News Highlights from Actelis Include: Actelis Receives Significant New Orders to Modernize U.S. Military Bases with Rapid Deployment, Cyber Hardened Networking (March 28, 2025) Actelis Networks Secures New Order from One of North America's Largest Railway Groups for Positive Train Control Implementation (March 27, 2025) Actelis Networks Reports Full Year 2024 Results: Revenue Sees 38% Growth Reaching $7.8 Million, 125% Increase in Gross Margin, Loss Per Share Shrinks by 67% to $0.85 (March 24, 2025) *DISCLAIMER: This article is published by Wall Street Wire, which operated multiple content brands. Wall Street Wire does not provide financial or investment advice, and our content does not represent an offer to buy or sell securities. Wall Street Wire is a promotional content brand and its operators are not registered brokers, dealers, or investment advisers. This article contains and is a form of paid promotional content for to Actelis Networks and was produced as part of their paid subscription to Wall Street Wire’s distribution and promotional content services. This alert has not been reviewed or approved by Actelis Networks prior to publication. Please review the full disclaimers and compensation disclosures here: redditwire.com/terms Contact Details WALL STREET WIRE media.globalmarkets@gmail.com

April 08, 2025 09:40 AM Eastern Daylight Time

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