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NexTech’s AR eCommerce Platform Integrates With Magento 2.0 250,000 eCommerce Sites

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NEW YORK and TORONTO, Nov. 28, 2019 (GLOBE NEWSWIRE) — NexTech AR Solutions (NexTech) (OTCQB: NEXCF) (CSE: NTAR) (FSE: N29), the leader in augmented reality for eCommerce, learning applications, and branded entertainment experiences is pleased to announce that NexTech’s 3D augmented reality (3D/AR) solution for eCommerce will integrate seamlessly with Magento 2.0.  With this new integration, 250,000 eCommerce sites are now able to sign up for NexTech’s 3D/AR-enabled product experience.

Rob Christie, Senior VP of Products and Partnerships at NexTech highlights the impact of today’s announcement: “The seamless integration of NexTech’s AR eCommerce platform with Magento 2.0 is a gamechanger. All our subscriber data support an increased level of both engagement and conversions with AR. By integrating with Magento 2.0 site owners can now experience the same level of online shopper conversions and sell more products.”

“With this integration NexTech AR continues to build momentum as it scales up customer wins and is at the forefront of making AR easy to implement and quickly accessible to everyone,” states Evan Gappelberg, CEO of NexTech AR. “NexTech’s industry-leading augmented reality eCommerce platform was specifically designed to enhance product engagement, increase add to cart rates and to reduce product returns. Our integration with Magento and its 250,000 site ecosystem brings NexTech AR deeper into the eCommerce marketplace and provides an enormous opportunity for more customer wins.”

About NexTech AR Solutions Corp.

NexTech is one of the leaders in the rapidly growing AR industry, estimated to hit $120 billion by 2022, according to Statista. NexTech, the first publicly traded “pure-play” AR company, began trading on the CSE on October 31st, 2018. NexTech has a two-pronged strategy for rapid growth including growth through acquisition of eCommerce businesses and growth of its omni-channel AR SaaS platform called ARitize™. NexTech has an exclusive license to a portfolio of patents 7,054,831, 7,266,509 and patent-pending applications 15351508, 62457136, 62559487, related to interactive gaming, interactive advertising, and augmented reality (“AR”) technology.

The company is pursuing four multi-billion dollar verticals in AR.

ARitize™ For eCommerce; The company launched its technologically advanced webAR for e-commerce early in 2019 and has been rapidly signing up customers onto its SaaS platform. Customers include Walther Arms, Wright Brothers, Mr. Steak, and Budweiser. NexTech has the first ​‘full funnel’ end-to-end e-commerce solution for the AR industry including its 3D product capture, 3D ads for Facebook and Google, ‘Try it On’ technology for online apparel, 3D and 360-degree product views, and ‘one click buy’.

ARitize™ University; having launched in June 2019, the app-based solution allows companies and educational establishments to leverage all of their existing 2D assets – YouTube videos, PDF documents, PowerPoint decks, images, etc. – and then overlay immersive 3D-AR experiences on top of that content for an interactive training experience that drives productivity.

ARitize™ Hollywood Studios; expected to launch in Q4 2019, the studio has created a proprietary entertainment venue for which it is producing immersive content using 360 video, and augmented reality as the primary display platform.

ARitize™ 3D-AR-360 Advertising Platform: expected to launch in Q4 2019/Q1 2020 the ad platform will be the industry’s first end-end solution whereby the company will leverage it’s 3D asset creation into 3D, 360, AR ads. In 2019, according to IDC, global advertising spend will be about $725 billion.

To learn more, please follow us on Twitter, YouTube, Instagram, LinkedIn, and Facebook, or visit our website: https://www.nextechar.com.

On behalf of the Board of NexTech AR Solutions Corp.
Evan Gappelberg
CEO and Director

For further information, please contact:

Evan Gappelberg
Chief Executive Officer
info@nextechar.com  

The CSE has not reviewed and does not accept responsibility for the adequacy or accuracy of this release.

Certain information contained herein may constitute “forward-looking information” under Canadian securities legislation. Generally, forward-looking information can be identified by the use of forward-looking terminology such as, “will be”, “looking forward” or variations of such words and phrases or statements that certain actions, events or results “will” occur. Forward-looking statements regarding the Company increasing investors awareness are based on the Company’s estimates and are subject to known and unknown risks, uncertainties and other factors that may cause the actual results, levels of activity, performance or achievements of NexTech to be materially different from those expressed or implied by such forward-looking statements or forward-looking information, including capital expenditures and other costs.  There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking statements and forward-looking information. NexTech will not update any forward-looking statements or forward-looking information that are incorporated by reference herein, except as required by applicable securities laws.

GlobeNewswire is one of the world's largest newswire distribution networks, specializing in the delivery of corporate press releases financial disclosures and multimedia content to the media, investment community, individual investors and the general public.

IT

Wecan Group, a Blockchain Venture Builder and WISeKey, a Leader in the Field of Cybersecurity, Blockchain and IoT, Announce Strategic Partnership

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Wecan Group, a Blockchain Venture Builder and WISeKey, a Leader in the Field of Cybersecurity, Blockchain and IoT, Announce Strategic Partnership

ZUG, Switzerland – December 16, 2019 — WISeKey International Holding Ltd (“WISeKey”, NASDAQ: WKEY, SIX: WIHN), a leading cybersecurity and IoT company, and Wecan Group, a Geneva based blockchain venture builder, announced a strategic partnership to join forces and resources in supporting several key blockchain related projects.

Wecan joins the Geneva Blockchain Center of Excellence

The Wecan Group will be joining the Geneva Blockchain Center of Excellence established by WISeKey in early 2019.  The business model of the Geneva Blockchain Center of Excellence is to assist blockchain startups and research to promote their technologies internationally, facilitate the rapid adaptation and on-boarding of blockchain-based solutions, foster stronger collaboration between the public, private and academic sectors and cooperate to ensure that the latest technological standards are made available in a safe and trusted manner. 
By making the most of the knowledge sharing, and available experiences & resources, the partnership will contribute to foster and accelerated adoption of blockchain technologies and increase the positive impact these technologies can have on businesses and institutions.

The Blockchain Center of Excellence is enabled by the OISTE/WISeKey’s neutral cryptographic Root Key and trust model.  OISTE foundation has partnered with international organizations, corporations and governments worldwide and its root certification and digital identities are recognized by leading Operating Systems and Internet Applications and integrates innovative blockchain technologies to distribute the identity attributes and build federated ecosystems. The purpose of the OISTE Trust Protocol is to establish a new Trust Protocol for the Internet combining traditional Cryptographic Trust Models with distributed blockchain ledgers creating a new Global Trust platform.
The mission of the Association is to create an ecosystem of governmental, technology and business partners, each representing a node with the possibility to have multiple nodes per country.

Carlos Moreno, WISeKey’s VP Corporate Alliances and Partnership noted: “We are excited about this partnership and proud to onboard WeCan Group as technological partner of the Blockchain Center Of Excellence to engage promoting best in class blockchain applications and platforms developed by WeCan secured by WISeKey, our trusted identities would be a critical factor when creating chronological, immutable records and where Know Your Customer (“KYC”) verification process plays an important role in the architecture of the solutions.   Combining the virtues of the Blockchain Application/Platform with WISeKey Digital Certificates can help customers guarantee the security and integrity of all transactions.”

Promoting common synergies and ambition

The objective of the WISeKey – Wecan Group partnership is to create synergies for the development of innovative solutions, by bringing their expertise on their respective technological layers.

Dr Vincent Pignon, CEO of Wecan Group concludes: “WISeKey has many assets in security and our venture builder strategy allows us to focus on the development of our joint ventures while pooling all support functions, but also strategic partnerships. Whether for identity or qualified signature, many applications are likely to benefit from this partnership.”

Wecan Group, through its two joint ventures, Wecan Tokenize (an asset tokenization platform) and Wecan Accelerate (a Libra acceleration program) empowers companies to grow with blockchain, provides capital and operational support to the companies that it partners with, and helps them establish defensible market-leading positions internationally.

In addition, Wecan Group’s two new joint ventures – Wecan Comply (a resource pooling platform for financial institutions) and Wecan Protect (a proof of ownership platform), are also expected to greatly benefit from this collaboration.  These two new joint ventures, together with several milestones of the Wisekey /BRI Blockchain Center of Excellence, will be presented to the public during the Geneva Annual Blockchain Congress Palexpo, to be held on January 20, 2020.

Wecan Comply enables banks and financial players to simplify compliance management by pooling resources, creating recognized standards and facilitating auditing and monitoring by regulators and is designed to increase compliance efficiencies. 

Wecan Protect which will be introduced and coordinated by Philippe Lucet, an intellectual property specialist, aims to facilitate the registration and protection of intellectual property of intangible assets worldwide.

***

About Wecan Group
Wecan Group empowers companies to grow with blockchain by supporting the launch, growth and scale of joint-venture by providing the «Wecan» brand and deep functional expertise, proprietary technology solutions and access to an extensive ecosystem of global partnerships.
Wecan Group co-create companies to leverage blockchain and address basic needs of both consumers and companies, and that achieve over time significant scale, high levels of profitability and market leading positions.

Wecan Group incubates, invests in and supports companies in the Blockchain sector worldwide and provides investors with a diversified exposure to the global Blockchain sector.
Headquartered in Geneva, Switzerland, Wecan Group has offices and extensive operational experience around the globe. The global network with teams in target markets worldwide having a deep local expertise (e.g. technologies) helps companies achieve economies of scale and synergies, thus reducing marginal costs for building new joint-venture.
For more information, visit www.wecangroup.ch.

About WISeKey
WISeKey (NASDAQ: WKEY; SIX Swiss Exchange: WIHN) is a leading global cybersecurity company currently deploying large scale digital identity ecosystems for people and objects using Blockchain, AI and IoT respecting the Human as the Fulcrum of the Internet. WISeKey Microprocessors Secures the pervasive computing shaping today’s Internet of Everything. WISeKey IoT has an install base of over 1.5 billion microchips in virtually all IoT sectors (connected cars, smart cities, drones, agricultural sensors, anti-counterfeiting, smart lighting, servers, computers, mobile phones, crypto tokens etc.).  WISeKey is uniquely positioned to be at the edge of IoT as our semiconductors produce a huge amount of Big Data that, when analyzed with Artificial Intelligence (AI), can help industrial applications to predict the failure of their equipment before it happens.

Our technology is Trusted by the OISTE/WISeKey’s Swiss based cryptographic Root of Trust (“RoT”) provides secure authentication and identification, in both physical and virtual environments, for the Internet of Things, Blockchain and Artificial Intelligence. The WISeKey RoT serves as a common trust anchor to ensure the integrity of online transactions among objects and between objects and people. For more information, visit www.wisekey.com.

Press contacts:

WISeKey International Holding Ltd 
Company Contact:  Carlos Moreira
Chairman & CEO
Tel: +41 22 594 3000
info@wisekey.com
WISeKey Investor Relations (US) 
Contact:  Lena Cati
The Equity Group Inc.
Tel: +1 212 836-9611
lcati@equityny.com

Wecan Group SA 
Company Contact:  Vincent Pignon
Chairman & CEO
Tel: +41 22 338 13 70
contact@wecangroup.ch

Disclaimer:
This communication expressly or implicitly contains certain forward-looking statements concerning WISeKey International Holding Ltd and its business. Such statements involve certain known and unknown risks, uncertainties and other factors, which could cause the actual results, financial condition, performance or achievements of WISeKey International Holding Ltd to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. WISeKey International Holding Ltd is providing this communication as of this date and does not undertake to update any forward-looking statements contained herein as a result of new information, future events or otherwise.

This press release does not constitute an offer to sell, or a solicitation of an offer to buy, any securities, and it does not constitute an offering prospectus within the meaning of article 652a or article 1156 of the Swiss Code of Obligations or a listing prospectus within the meaning of the listing rules of the SIX Swiss Exchange. Investors must rely on their own evaluation of WISeKey and its securities, including the merits and risks involved. Nothing contained herein is, or shall be relied on as, a promise or representation as to the future performance of WISeKey.

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Networld to Distribute Cloudian Object Storage Solutions in Japan

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TOKYO, Dec. 15, 2019 (GLOBE NEWSWIRE) — Networld Corp. and Cloudian® today announced that Networld will begin selling Cloudian’s HyperStore® object storage solution in Japan this month under a recently completed distribution agreement. The new partnership will provide customers with a limitlessly scalable, fully S3-compatible and highly cost-effective platform for managing, protecting and maximizing the value of growing datasets in hybrid cloud and on-premises environments. It builds on Cloudian’s position as the most widely deployed independent provider of object storage systems and its expanding presence in the Asia Pacific region over the last year. As the largest VMware distributor in Japan, Networld will also be able to capitalize on a solution Cloudian recently introduced specifically for VMware Cloud Providers.

Cloudian serves the needs of data-intensive industries such as scientific research, financial services, telecommunications, healthcare, government, and media and entertainment in a broad range of use cases, including:

  • Data protection
  • Active archive
  • Storage services
  • NAS offload
  • Big data
  • Artificial intelligence/machine learning

HyperStore offers the industry’s most advanced S3 compatibility, enabling seamless data management across public cloud and on-premises private cloud environments. In addition to hybrid and multi-cloud data management, other HyperStore benefits include:

  • Modular and limitless scalability: Unlike many other object storage providers that require users to over-provision, Cloudian enables customers to start small and then grow without limit. As more capacity is needed, they can non-disruptively add an additional node or even new locations to the cluster and that capacity becomes part of the available storage pool.
  • Geo-distribution: HyperStore’s global data fabric means storage can be deployed anywhere but still be managed centrally from a single pane of glass.
  • Multi-tenancy: HyperStore provides isolated storage environments within a shared system to ensure data privacy. In addition, it incorporates billing and quality-of-service (QoS) features to help meet performance SLAs.
  • Up to 70 percent cost savings: By reducing CAPEX and eliminating expensive and time-consuming data migrations, Cloudian can cut data protection costs by up to 70 percent compared to purpose-built disk-based offerings and tape-based systems.
  • Choice of configurations: HyperStore is available as software-defined storage or pre-configured appliances.

“We’re seeing increasing adoption of object storage and expect this trend to accelerate moving forward,” said Shoichi Morita, president, at Networld. “The partnership with Cloudian reflects our continued commitment to providing customers with best-of-breed solutions that enable them to drive greater business or organizational success.”

“Over the past year, Cloudian has solidified its position as the leading object storage specialist, enabling customers to overcome the inability of traditional file and block storage systems to meet their evolving data management and protection needs,” said Brian Burns, vice president, Asia Pacific, at Cloudian. “Our sales partners play a vital role in helping us bring the benefits of our solutions to users, so we’re thrilled to be working with Networld, an undisputed leader in the Japanese market.”

For more information about Cloudian and the HyperStore solution, visit cloudian.com.

About Networld
As a solution distributor for IT infrastructure, Networld Inc. provides technology products and related services that transform the IT infrastructure of enterprises in the age of cloud computing. The company has been working since its early days on servers, storage and networking, and application and desktop virtualization, to lead the way to what the next generation IT infrastructure should be. https://www.networld.co.jp/

About Cloudian
Cloudian is the most widely deployed independent provider of object storage systems, with the industry’s most advanced S3 compatibility and an extensive partnership ecosystem. Its award-winning flagship solution, HyperStore, provides limitless scalability and cloud-like technology, flexibility and economics in the data center. Cloudian’s global data fabric architecture enables enterprises to store, find and protect object and file data seamlessly across sites, both on-premises and in public clouds, within a single, unified platform. Learn more at cloudian.com.

Networld Media Contact
Tsutaya
pr@networld.co.jp
+ 81-5210-3911

Cloudian Media Contact
Jordan Tewell
10Fold Communications
cloudian@10fold.com
+1 415-666-6066

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Traffic4cast competition reveals novel way to predict traffic flow using AI

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NeurIPS, Vancouver – The Institute for Advanced Research in Artificial Intelligence (IARAI), an independent global machine-learning research institute established by HERE Technologies, today announced the results and winners of its traffic prediction competition, which aimed to solve mobility challenges using artificial intelligence (AI). Traffic4cast, a unique competition merging movie-prediction machine learning with traffic research, challenged competitors to understand complex traffic systems and make predictions about how they would flow in the future.

The results show how AI can effectively uncover insights to solve traffic gridlock through trial and error of industrial geospatial data from HERE, a leader in mapping and location-based services. Traffic comes about when drivers make simple decisions that lead to complex behavior patterns. These patterns depend on various factors, such as time of day, the road network, congestion situations, holidays, weather conditions and day of the week. Effectively identifying and analyzing traffic patterns lead to more accurate predictions of how traffic would move on given roads at given times of day.

AI, and more specifically neural networks—computer systems modeled on the human brain and nervous system—can help to solve this problem because they are very good at spotting patterns. Neural networks “learn” to do tasks by considering examples, such as datasets, usually without being programmed with task-specific rules. This ability to learn without being programmed means that although neural networks are good at identifying patterns, why they are good at it is unclear. Their inner workings are one of the mysteries of machine learning, the so-called “black box” AI, meaning that the processes cannot be easily understood or tested by programmers.

The Traffic4cast results show that neural networks were the most effective method used at predicting traffic and came closest to simulating the exact traffic flow. All the top entrants used neural networks instead of “non-black box” solutions, such as support vector machines, Bayesian networks and other fixed algorithms. Winners from South Korea, Oxford/Zurich and Toronto were among more than 40 teams from around the world who submitted over 4,000 entries. 

Working with HERE, IARAI provided participants with traffic movie clips based on a year’s worth of industrial-scale, real-world data for three diverse cities: Berlin, Istanbul and Moscow. The clips were created using data based on an unprecedented number of over 100 billion probe points from positions reported by a large fleet of probe vehicles. They captured morning, evening and rush-hour traffic. Each movie frame summarized GPS trajectories mapped to spatio-temporal cells. The movies showed multiple color channels characterizing traffic volume, speed and direction.

“This competition is special alone because of the sheer scope and size of the data,” said Sepp Hochreiter, a founding co-director of IARAI and an artificial intelligence pioneer (he invented the long short-term memory (LSTM) neural network framework).

Entrants had to forecast the traffic by completing the next part of each movie clip for all three cities. Contestants were given 285 full training days (full movie for the entire day) and 72 testing days (containing five blocks of 12 consecutive images with at least 30 frames between each such block); the rest were marked out validation sets. Each contestant then had to produce the three consecutive images following each given block of 12 images in each movie file for each day in the test set for each city.

“This competition brought together diverse groups to tackle a fundamental problem—predicting geospatial processes—that lies at the heart of sustainable mass mobility,” said Michael Kopp, head of research at HERE and founding co-director of IARAI. “Guiding the AI revolution to this problem using an interdisciplinary approach via billions of real-life data points is both novel and a paradigm shift that will be reflected in many applied scientific disciplines. The results seem to prove that ‘black box’ machine learning is most effective at solving predictive problems. This gives us a jumping-off point for further research into how AI learns.”

Media Contacts  
Jordan Stark
+1 312 316 4537
jordan.stark@here.com

Amy Stupavsky
+49 175 419 1678
amy.stupavsky@here.com


About HERE Technologies

HERE, a location data and technology platform, moves people, businesses and cities forward by harnessing the power of location. By leveraging our open platform, we empower our customers to achieve better outcomes – from helping a city manage its infrastructure or a business optimize its assets to guiding drivers to their destination safely. To learn more about HERE, please visit www.here.com and http://360.here.com.

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