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Hyperloop Transportation Technologies Accelerates with 100 Engineers from World Leading Firm Altran

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Hyperloop Transportation Technologies (HyperloopTT) announced today an agreement with world-leading engineering and R&D services provider Altran, part of the Capgemini Group. The agreement includes one hundred Altran engineers to accelerate the development of commercialized passenger hyperloop systems at the HyperloopTT facility in Toulouse, France, the Aerospace Valley of Europe. HyperloopTTs European R&D Center is the home of the worlds only full-scale hyperloop system, which has been undergoing testing and optimization since 2019.

The agreement advances HyperloopTTs capabilities in a lean way, negotiated within HyperloopTTs hybrid collaborative framework. The announcement comes after recent commitments from both the European Union and the United States, emphasizing the development of commercial hyperloop systems as part of a broader post-pandemic economic solution focused on sustainable high-speed transportation and infrastructure.

Were seeing more and more major players in technology and transportation embrace hyperloop as the future of sustainable high-speed travel, and we welcome Altran to the HyperloopTT global movement, said HyperloopTT CEO Andres De Leon. Our business model has enabled us to add their top-tier engineering expertise in aerospace, aeronautics, and systems engineering.

HyperloopTT is leading the way in profitable and sustainable high-speed infrastructure, said Altran Executive Vice-President William Roz. Our work together will make the HyperloopTT European R&D Center at Aerospace Valley, the epicenter for hyperloop engineering worldwide, while building upon the long tradition of transportation innovation and leadership in Toulouse.

HyperloopTTs continued European-based development has accelerated the adoption of commercial hyperloop systems across the continent. Since reaching an agreement with the City of Toulouse in 2017, HyperloopTT has led international hyperloop regulation efforts from its full-scale test site. After developing the world’s first hyperloop insurance framework with Munich Re, HyperloopTT completed the first set of safety and certification guidelines for hyperloop systems with TV SD and delivered them to the European Commission. HyperloopTT is committed to demonstrating that hyperloop is a sustainable near-term infrastructure project that can solve the congestion, sustainability, air quality, infrastructure, and competition concerns that face the European Union.

About Altran

Altran is the world leader in engineering and R&D services. Altran offers its clients a unique value proposition to meet their transformation and innovation challenges. Altran supports its clients, from concept through industrialization, to develop the products and services of tomorrow and has been working for more than 35 years with major players in many sectors: Automotive, Aeronautics, Space, Defense & Naval, Rail, Infrastructure & Transport, Energy, Industrial & Consumer, Life Sciences, Communications, Semiconductor & Electronics, Software & Internet, Finance & Public Sector. Altran has more than 50,000 employees operating in over 30 countries.

Altran is an integral part of Capgemini, a global leader in consulting, digital transformation, technology, and engineering services. The Group is at the forefront of innovation to address the entire breadth of clients opportunities in the evolving world of cloud, digital and platforms. Building on its strong 50-year heritage and deep industry-specific expertise, Capgemini enables organizations to realize their business ambitions through an array of services from strategy to operations. A responsible and multicultural company of 265,000 people in nearly 50 countries, Capgeminis purpose is to unleash human energy through technology for an inclusive and sustainable future. With Altran, the Group reported 2019 combined global revenues of ‚¬17 billion.

Visit altran.com.

About HyperloopTT

Hyperloop Transportation Technologies (HyperloopTT) is an innovative transportation and technology company focused on realizing the hyperloop, a system that moves people and goods at unprecedented speeds safely, efficiently, and sustainably. Through the use of unique, patented technology, and an advanced business model of lean collaboration, open innovation and integrated partnership, HyperloopTT is creating and licensing technologies.

Founded in 2013, HyperloopTT is a global team of more than 800 engineers, creatives and technologists in 52 multidisciplinary teams, with 40 corporate and university partners.

HyperloopTTs European R&D Center at Aerospace Valley in Toulouse, France, is the testing site of the worlds first and only full-system and passenger capsule. In 2019, HyperloopTT released the first comprehensive feasibility study analyzing a hyperloop system, which found that the system is economically and technically feasible and will generate a profit without requiring government subsidies.

Headquartered in Los Angeles, CA and Toulouse, France, HyperloopTT has offices in Abu Dhabi and Dubai, UAE; Bratislava, Slovakia; S£o Paulo, Brazil; and Barcelona, Spain. HyperloopTT has signed agreements in the United States, UAE, France, Germany, India, China, Korea, Indonesia, Slovakia, Czech Republic, and Ukraine.

For more information or media inquiries, contact [email protected] or visit hyperlooptt.com.

Hyperloop Transportation Technologies images and assets can be found here.

Ben Cooke

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Digital Turbine Announces Definitive Purchase Agreement to Acquire AdColony

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AUSTIN, Texas, Feb. 26, 2021 /PRNewswire/ — Digital Turbine, Inc. (Nasdaq: APPS) announced today that it has entered into a definitive purchase agreement to acquire AdColony Holding AS (“AdColony”) from Otello Corporation ASA (“Otello”), a Norway company and sole shareholder of AdColony. AdColony is a leading mobile advertising platform servicing advertisers and publishers with a reach of more than 1.5 billion monthly global users.  The Company's proprietary video technologies and rich media formats are widely viewed as best-in-class technology delivering industry-leading third-party verified viewability rates for well-known global brands, such as Disney, Amazon and BMW.

The acquisition of AdColony is fully consistent with Digital Turbine's expressed strategy to provide a comprehensive media and advertising solution for our operator and OEM partners while enriching the mobile experience for end users by delivering highly relevant content to their fingertips.  The acquisition is subject to approval of the Otello shareholders and is expected to close in the Company's fiscal fourth quarter.

Total estimated consideration for the AdColony acquisition is in the range of $350 million to $375 million, paid as follows: (1) $100 million in cash to be paid at closing, subject to purchase price adjustments, (2) $100 million in cash to be paid six months after closing, and (3) an estimated expected earn-out payment in the range of $150 million to $175 million, to be paid in cash, based on AdColony achieving certain future target net revenues, less associated cost of goods sold, over the twelve-month period ending on December 31, 2021. The Company intends to pay the purchase price with a combination of available cash on hand and borrowings under its existing senior credit facility along with future capital financing.

“We are extremely excited to announce the acquisition of AdColony today,” said Bill Stone, CEO of Digital Turbine.  “We look forward to welcoming the AdColony team to the Digital Turbine family and believe that this strategic transaction will accelerate our growth and is a positive for our partners, advertisers, employees and shareholders. AdColony saw the secular tailwinds toward mobile, video and high-speed networks like 5G before most and has been able to capitalize on its vision.  The ability for Digital Turbine to utilize AdColony's unique mobile advertising solutions across our vast device distribution footprint will unlock significant new monetization opportunities for the combined company's platform offerings.  With the addition of AdColony, we will expand our collective experience, reach and suite of capabilities to benefit mobile advertisers and publishers around the globe.  Performance-based spending trends by large, established brand advertisers present material upside opportunities for platforms with unique technology deployable across exclusive access to inventory.”   

Mr. Stone concluded, “We look forward to providing more specific details regarding our forward financial projections for AdColony after the transaction has closed.  Considering the current run-rate of recurring business at AdColony, along with expected realized synergies and the terms of consideration, we anticipate that the AdColony transaction will be substantially accretive to our expected profitability in the first full year following the transaction.”

“AdColony is excited to join the successful team at Digital Turbine,” said Lars Boilesen, CEO of Otello. “The underlying strategic rationale for the combination is very promising.  We believe that Digital Turbine, with its extensive global relationships and distribution, will be uniquely positioned to benefit via the seamless integration of AdColony's mobile video advertising expertise and global brand advertiser awareness.  The combination will yield a highly-differentiated and more vertically-integrated solution for the mobile advertising industry.  We look forward to joining Digital Turbine to help navigate this innovation.”

About Digital Turbine, Inc.

Digital Turbine simplifies content discovery and delivers relevant content directly to consumer devices. The Company's on-demand media platform powers frictionless app and content discovery, user acquisition and engagement, operational efficiency and monetization opportunities. Digital Turbine's technology platform has been adopted by more than 40 mobile operators and OEMs worldwide, and has delivered more than three billion app preloads for tens of thousands of advertising campaigns. The Company is headquartered in Austin, Texas, with global offices in Arlington, Durham, Mumbai, San Francisco, Singapore and Tel Aviv. For additional information visit www.digitalturbine.com.

Follow Digital Turbine:
Twitter: https://twitter.com/DigitalTurbine  
Facebook: https://www.facebook.com/DigitalTurbineInc 
LinkedIn: https://www.linkedin.com/company/digital-turbine?trk=tyah&trkInfo=tas:digital+tur   

Forward-Looking Statements

This news release includes “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. Statements in this news release that are not statements of historical fact and that concern future results from operations, financial position, economic conditions, product releases and any other statement that may be construed as a prediction of future performance or events, including financial projections and growth in various products are forward-looking statements that speak only as of the date made and which involve known and unknown risks, uncertainties and other factors which may, should one or more of these risks uncertainties or other factors materialize, cause actual results to differ materially from those expressed or implied by such statements. These factors and risks include:

  • a decline in general economic conditions nationally and internationally
  • decreased market demand for our products and services
  • market acceptance and brand awareness of our products
  • risks associated with indebtedness
  • the ability to comply with financial covenants in outstanding indebtedness
  • the ability to protect our intellectual property rights
  • risks associated with adoption of our platform among existing customers (including the impact of possible delays with major carrier and OEM partners in the roll out for mobile phones deploying our platform)
  • actual mobile device sales and sell-through where our platform is deployed is out of our control
  • risks associated with our ability to manage the business amid the COVID-19 pandemic
  • the impact of COVID-19 on our partners, digital advertising spend and consumer purchase behavior
  • the impact of COVID-19 on our results of operations
  • risks associated with new privacy laws, such as the European Union's GDPR and similar laws which may require changes to our development and user interface for certain functionality of our mobile platform
  • risks associated with the timing of our platform software pushes to the embedded bases of carrier and OEM partners
  • risks associated with end user take rates of carrier and OEM software pushes which include our platform
  • new customer adoption and time to revenue with new carrier and OEM partners is subject to delays and factors out of our control
  • risks associated with fluctuations in the number of our platform slots across US carrier partners
  • required customization and technical integration which may slow down time to revenue notwithstanding the existence of a distribution agreement
  • risks associated with delays in major mobile phone launches, or the failure of such launches to achieve the scale
  • customer adoption that either we or the market may expect
  • the difficulty of extrapolating monthly demand to quarterly demand
  • the challenges, given the Company's comparatively small size, to expand the combined Company's global reach, accelerate growth and create a scalable, low-capex business model that drives EBITDA (as well as adjusted EBITDA)
  • ability as a smaller company to manage international operations
  • varying and often unpredictable levels of orders; the challenges inherent in technology development necessary to maintain the Company's competitive advantage such as adherence to release schedules and the costs and time required for finalization and gaining market acceptance of new products
  • changes in economic conditions and market demand
  • rapid and complex changes occurring in the mobile marketplace
  • pricing and other activities by competitors
  • technology management risk as the Company needs to adapt to complex specifications of different carriers and the management of a complex technology platform given the Company's relatively limited resources
  • risks and uncertainties associated with the completion and integration of the acquisition of AdColony, including the satisfaction of closing conditions
  • the impact on our operations and stock price if the acquisition of AdColony is not completed
  • risks and uncertainties associated with the integration of the acquisition of AdColony, including our ability to realize the anticipated benefits of the acquisition and the satisfaction of related earn-out provisions
  • other risks including those described from time to time in Digital Turbine's filings on Forms 10-K and 10-Q with the Securities and Exchange Commission (SEC), press releases and other communications.  

You should not place undue reliance on these forward-looking statements. The Company does not undertake to update forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

Investor Relations Contacts:

Brian Bartholomew
Digital Turbine
[email protected]

Digital Turbine - Right App. Right Person. Right Time. (PRNewsFoto/Digital Turbine, Inc.) (PRNewsfoto/Digital Turbine, Inc.)

 

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SOURCE Digital Turbine, Inc.

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Xcoins receives In-Principle Approval for a VFA License

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One of the first crypto-platforms to achieve these regulatory milestones

SANTA VENERA, Malta, Feb. 26, 2021 /PRNewswire/ — Xcoins, a leading cryptocurrency exchange, has announced that they have just received their In-Principle Approval for their Class 3 VFA License issued by Malta Financial Services Authority (MFSA), making them one of the very few cryptocurrency exchanges to obtain these permissions.

Xcoins receives In-Principle Approval for a VFA License

Xcoins has, again, proven that their internal policies and processes are in line with the highest standards in the industry, recognized by the MSFA. With a business strategy that focuses on global expansion, receiving an in-principal approval from the VFA was a natural next step.

CEO and Founder at Xcoins, Rob Frye stated, “As the digital asset space explodes globally, the need for clear and meaningful regulation is more important than ever. Our commitment to building a fully regulated business is now one step closer to realization. Being one of the first cryptocurrency platforms to receive In-Principle approval by the MFSA, for a Class 3 VFA license, is a historic milestone for Xcoins. We look forward to serving customers globally and securing additional licenses throughout 2021.

This outstanding milestone means customers can feel secure that they are trading cryptocurrencies on a platform that has been licensed by renowned authorities who are driving industry standards.

Xcoins had fabulous growth since their first time contacting DWP VFA Agent Ltd. After a lot of hard work, they are now a step closer to being licensed by the Malta Financial Services Authority. I am incredibly proud to have been part of their application process and also very excited to see what the future holds.” – Dr Rebecca Misfud, VFA Agent at DWP

Fulfilling the conditions and the on-going obligations of the international laws and regulations is proof of Xcoins' commitment to providing secure and compliant crypto services, protecting users' fiat and crypto funds, across the world.

About Xcoins

Xcoins is a leading cryptocurrency platform, that provides quick and secure Bitcoin and Altcoin trading services.

Photo: https://mma.prnewswire.com/media/1445466/Xcoins_MFSA.jpg

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Sandler Welcomes New Hires Jamie Bernier, Katie Williams, And Lisa Ellis

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OWINGS MILLS, Md., Feb. 26, 2021 /PRNewswire/ — Sandler (www.sandler.com) is pleased to announce several new hires to the corporate team.

Jamie Bernier has been named Head of Global Brand & Marketing at Sandler. A versatile marketing leader with demonstrated success in developing and implementing strategic multi-channel lead generation strategies to drive bottom-line profitability, she is focused on Sandler's enterprise side of the business working closely with Damon Jones, Head of Global Growth and Strategy and Colum Lundt, Chief Revenue Officer of Global Strategy and Growth. Bernier was previous Director of Direct Marketing at ArmadaGlobal.

Lisa Ellis was named Senior Product Manager at Sandler. A results-oriented leader who manages aggressive product development timelines and complex delivery matrices, Ellis is bringing her skill and expertise from Korn Ferry and Miller Heiman Group where she was Resource Manager and Senior Product Manager, respectively. She will be working on launching new offerings to support the growth of Sandler's enterprise business.

Katie Williams has been named Sales Operations and Enablement Manager at Sandler. With a dedicated focus to optimizing sales performance, she will be accountable for all sales materials, analytics, and reporting within the enterprise division. Williams was previously a Sales Effectiveness Trainer in Learning & Development at Addison Group.

Sandler is one of the largest training organizations in the world, providing innovative customer-focused content, tools, and resources designed to increase performance and stature of those involved in revenue generation. Delivery modalities include Virtual Instructor-Led Training (livestream & on-demand), Online Courses (SandlerOnline LMS), and in-person ILT via 270 local offices as well as the Corporate Development Division which serves enterprise organizations.

Programs focused on Prospecting, Social Selling, Enterprise Selling, Customer Success, Sales Management, Selling Into the C-Suite, and Coaching result in common processes, culture, and sales language within client organizations, translating to increased revenue and more accurate forecasting.

For more information visit www.Sandler.com.

Cision View original content to download multimedia:http://www.prnewswire.com/news-releases/sandler-welcomes-new-hires-jamie-bernier-katie-williams-and-lisa-ellis-301236224.html

SOURCE Sandler

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