Partners include DataPlex Group Limited, Megaport, SinglePoint Global, Sky Data Vault and Viatel

Digital Fortress, one of the fast-growing multi-tenant colocation and wholesale data center providers, has been rapidly evolving throughout 2021 expanding and adding new facilities to offer solutions across ten interconnected key locations in Chicago, Denver, New Jersey, Portland, Seattle and Richmond, Virginia. As a result of its expanded footprint, Digital Fortress announces the formation of a new suite of local and global partners to enhance service and further extend network capabilities within its existing and growing footprint. The assembly of new partnerships includes cloud, network and managed service solutions offered by market leaders, DataPlex Group Limited, Megaport,  SinglePoint Global, Sky Data Vault, and Viatel.

DataPlex Group Limited provides a range of technical facilities and services to clients seeking mission-critical wholesale data center services including colocation, private suites, powered shell, and client tailored data centers. DataPlex Executive, Andy Collinge, shares, “Our new partnership will allow Digital Fortress and DataPlex customers to have the capability to expand into new global markets. Our focus is on customer satisfaction and meeting the high standards that our data center customers demand. We are excited to work alongside Digital Fortress and provide North American customers the ability to develop and operate data centers in the European market.”

Digital Fortress is also proud to announce its latest partnership, Megaport, a leading global Network as a Service provider with a private Software Defined Network (SDN) that connects to over 760 enabled data centers in 23 countries across North America, Asia-Pacific, and Europe. Megaport provides customers with fast, flexible, secure, and on-demand connectivity to leading cloud, network, and managed service providers. Megaport Chief Revenue Officer Rodney Foreman adds, “We are pleased to partner with Digital Fortress to enhance network service capabilities to customers and enable low-latency Software-Defined Cloud Interconnections (SDCI) across the Digital Fortress platform. Megaport’s extensive reach of over 230 cloud on-ramps provides Digital Fortress customers with easy, direct, and scalable access to leading global cloud providers. Digital Fortress customers can now provision and manage network services with ease in a point-click-connect manner to meet their evolving business needs.”

SinglePoint Global, headquartered in the data center hub of Ashburn, Virginia is an IT service vendor focusing on solutions and support for customers’ productivity and profitability. SinglePoint Global founder, Gregory Browning, shares, “Our partnership with Digital Fortress provides customers with the resources to run their businesses worry-free in regards to their mission-critical equipment, enterprise-level infrastructure and security.  Our mission aligns with Digital Fortress’ goal to provide custom services to every customer with a market leading approach to primary IT needs.”

Sky Data Vault, a top Managed Cloud Services provider headquartered in Rockville, Maryland has partnered with Digital Fortress to offer Microsoft Office 365 Backup, managed data backup, disaster recovery and cloud infrastructure to Digital Fortress’ rapidly expanding customer base. For each of their service offerings, Sky Data Vault includes complete end-to-end onboarding, service, and support to their customers. Michael Thompson, Co-Founder and VP of Sales and Strategy of Sky Data Vault, states, “Sky Data Vault will provide a truly ‘white glove-service’ for all of our service offerings.  This will allow the Digital Fortress customer a chance to refocus on their core business while Sky Data Vault provides the day-to-day support of the service and our team of US-based experts at the ready, 24x7x365 if data recovery is required.” The partnership between Digital Fortress and Sky Data Vault will ensure Digital Fortress customers the highest quality experience with an industry leader in the backup, disaster recovery, and cloud infrastructure marketplace.

Along with the many new partnerships, Digital Fortress introduced its sister company, Viatel, headquartered in Dublin, Ireland. Viatel is the leading independent, Irish-owned provider of connectivity, cloud and security solutions. Serving respected Irish companies, multinational corporations and public sector bodies, Viatel has deep strengths in the healthcare, financial services and education sectors. Damien McCann, Executive of Viatel, shares, “Viatel offers Digital Fortress customers the opportunity to expand into the European data center market with confidence to receive great customer service as well as access to the service and capabilities that Digital Fortress has to offer in the North American data center market.” Digital Fortress’ and Viatel’s combined efforts can now support customer requirements across North American and European markets.

Digital Fortress’ partnerships enable customers to access additional communications solutions - directly available and accessible from Digital Fortress facilities across the U.S - including disaster recovery, cloud connectivity, colocation management and cloud services. This announcement fortifies Digital Fortress’ mission to provide customers with a one-stop shop solution for all digital infrastructure needs.

For more information about how Digital Fortress and its partnerships with DataPlex Group Limited, Megaport,  SinglePoint Global, Sky Data Vault, and Viatel can help your business grow and succeed on a local and global scale,  please visit: www.digital-fortress.com or contact Jhoan Checo at jhoan.checo@dfcolo.com.

smartInfrastructure Pioneer also Introduces Nebulon smartStart and Nebulon smartRewards Incentives to Help Resellers Accelerate Business While Growing Top and Bottom Line

Nebulon, Inc.^® the pioneer of smartInfrastructure^TM, server-embedded infrastructure software delivered as-a-service, today announced the new Nebulon smartPartner programme and two new incentives, Nebulon smartStart and NebulonsmartRewards, designed to help reseller partners significantly accelerate and grow both their revenue and margins.

Channel companies today are facing three key challenges. The first is that they compete in a market over-saturated with hyper-converged infrastructure platforms, which reduces win rates and accelerates a gross margin ‘race to the bottom.’ Second, they face headwinds as they seek to develop business models and product offerings that generate annual recurring revenue (ARR) and low churn, against a backdrop of an existing portfolio of vendor partners slow to adapt their traditional offerings. And finally, many channel partners struggle to find differentiated infrastructure solutions to offer end-users while major vendors continue to rationalise partner landscapes.

With this in mind, Nebulon introduced the smartPartner programme. As a member of smartPartner, reseller partners gain access to Nebulon’s differentiated application infrastructure, called “smartInfrastructure”, to help win incremental business and drive more revenue versus hyper-converged infrastructure solutions. smartPartner also provides access to incentives for its members to help them close new deals faster, as well as boost their recurring revenue-based solutions. 

"With the smartPartner programme, Nebulon is showing its commitment to expanding into the channel with incentives, marketing and certifications designed to help us accelerate business revenue," said Dev Tyagi, Chief Sales & Marketing Officer at Boston. "We are really pleased that Nebulon has opted to take a partner-first approach with this new programme and with smartInfrastructure we are able to offer an innovative and differentiated product, which has the potential to provide a much more effective business solution for our customers."

As part of the Nebulon smartPartner programme, reseller partners will have access to two incentive programmes designed to help them accelerate their business and enhance margins. Nebulon smartRewards is a tiered ‘frequent-seller’ programme that offers smartPartner members rebates based upon their Nebulon ON SaaS subscription sales. Based on Silver, Gold, and Platinum tiers, each level offers incremental rebates. The more Nebulon ON software the reseller sells, the higher the tier, the higher the rebate. 

Nebulon smartStart is the second incentive available to resellers aimed at accelerating early wins with smartInfrastructure. smartStart provides a rebate on Nebulon Service Processing Units (SPUs) on a partner’s first smartInfrastructure deal. As an added bonus, members qualify for additional smartStart incentives when promoted from Silver to Gold, and Gold to Platinum.

“It's no secret that the channel industry has experienced limited margins and growth as a direct result of overly-distributed hyper-converged platforms,” said Tim Pitcher, Vice President of Sales at Nebulon. “With smartInfrastructure we are excited to offer our reseller partners a unique and differentiated cloud-managed, on-premises solution which enables them to overcome these challenges while significantly accelerating their business growth.” 

Click here to learn more about or enroll in the Nebulon smartPartner programme.

Shortly following its $65 Million Series B Round, Addi Raises another $75 Million, Led by Greycroft, to Fuel Expansion in Latin America

Addi, the fintech and digital commerce startup based in Bogota and Sao Paulo, today announced new equity funding for $75 million, led by Greycroft with participation from new investors GGV Capital, Citius Capital, and Intersection Growth Partners, as well as existing investors Andreessen Horowitz, Citius VC, Endeavor Catalyst, Foundation Capital, Monashees, and Quona Capital. This extension to Addi’s previously announced Series B brings the company’s 90-day funding total to $140 million. Union Square’s Opportunity Fund also participated in the round, after having led the previous round. The company disclosed that this new round has nearly tripled its valuation into the “hundreds of millions”. The Company also announced today it has hired Niki Sri-Kumar as Vice President and General Manager, following her stints at Vise and Affirm.

In 2020, Latin America led the world in e-commerce sales growth (36.7%). With e-commerce transactions in the region projected to exceed $160 billion by 2024, the market is well poised for online and digital BNPL purchases to explode in popularity. Research estimates that this trend will contribute to a global BNPL spend of around $995 billion by 2026. Addi’s mission is to power and make these digital commerce projections a reality in Latin America, starting with Buy Now Pay Later. (BNPL) In just a few clicks, customers can buy from their favorite merchants and pay over time. Addi is currently available for e-commerce, mobile, and brick-and-mortar purchases in Brazil and Colombia, with plans to expand across Latin America in the coming years.

Addi will use the funds to continue to scale its current operations in Brazil and Colombia, and expand into Mexico in early 2022. Additionally, the company will enhance its BNPL offering while allowing customers and merchants to pay in new ways through its platform and its app, which launches later this month.

​​“Addi is redefining commerce in Latin America, said Will Szczerbiak, a Partner at Greycroft. “The company’s payment and credit products create tremendous value for merchants while unlocking a modern checkout experience that has the potential to reach more consumers than any other fintech in the region. We are fortunate to partner with such a wonderful company and team.”

Addi has experienced exponential growth since the start of 2021, having grown the volume of payments it powers on its platform 13x over since the beginning of the year. Addi has established itself as a key partner for online retailers, including Arturo Calle, Keep Running, Claro, Mario Hernandez, and BNPL as a top payment method, with hundreds of merchants. By using Addi, merchants see their order values double or triple, with similar increases in online and mobile shopping conversions. Thousands of customers across Brazil and Colombia are making purchases with BNPL, powered by Addi, every day.

“Consumers around the world are shifting to digital commerce more rapidly than ever before, especially in emerging markets where new business models, growing middle class, and a digital-first mindset is taking hold. Huey Lin, founding COO of Affirm, venture partner with GGV Capital, and I look forward to working with Santiago and the strong team he has assembled to scale BNPL in Latin America,” said Hans Tung, Managing Partner, GGV Capital, who also leads its Latin American investment efforts.

“This round has increased our focus on making digital commerce ubiquitous and accessible across Latin America. Additionally, it’s a testament to the growth we’ve experienced, as well as the trust we’ve established with merchants and customers alike,” said Addi co-founder and CEO Santiago Suarez. “Our mission is now validated by world-class investors like Greycroft and GGV Capital, and this only fuels our motivation to accelerate our product and commercial roadmap.”

Company expands its Identity Detection and Response portfolio with Credential Cloaking and Policy-based Application Access

Attivo Networks®, the leader in identity detection and response, today announced a revolutionary new way of protecting credentials from theft and misuse. As part of its Endpoint Detection Net (EDN) Suite, the ThreatStrike® functionality allows organizations to hide real credentials from attacker tools and bind them to their applications. Additionally, the solution can show decoy credentials that facilitate threat intelligence gathering when left as bait. With this new functionality, Attivo becomes the only solution of its kind to cloak real credentials from attackers.

A credential-based attack occurs when an attacker steals credentials, extends privileges, and compromises critical data. Credential theft is the first stage of a lateral movement attack and stopping the attack early in the process can make a material impact on the success and damages incurred by an attacker.

According to Verizon’s 2021 Data Breach Investigation Report, credentials remain among the most sought-after data types by attackers (60%).  Stolen Credentials have been behind some of the largest and most costly data breaches.

The Attivo ThreatStrike cloaking hides and denies unauthorized access to applications. For example, only Chrome will have access to its credential store, and all other applications won’t. The product launches with support for 75 of the most popular Windows applications that attackers target, with a plan to add more applications in the future. 

“The benefit of credential protection is that only allowed system software can access them,” said Srikant Vissamsetti, senior vice president of engineering at Attivo Networks. “Customers will benefit from the prevention of unauthorized access, which can lead to credential theft attacks, such as Pass-the-Hash, Pass-The-Ticket, and Password Theft that can be extremely difficult to detect and stop.”

This new capability directly addresses sophisticated attack techniques as outlined in the MITRE ATT&CK Credential Access Tactic, such as OS Credential Dumping (T1003), Credentials from Password Store (T1555), Unsecured Credentials (T1552), Steal or Forge Kerberos Tickets (T1558) and Steal Web Session Cookie (T1539).

With endpoint credentials now hidden from attacker view, the ThreatStrike solution plants bait on the endpoint, designed to appear as popular production Windows, Mac, and Linux credentials. As threat actors conduct reconnaissance, these lures will appear as attractive bait for in-network attackers to steal.

“The growing risk of credential theft attacks and misuse is the root cause of many modern cyber incidents,’ said Ed Amoroso founder and CEO of TAG Cyber. ‘The recent Verizon Data Breach Report, for example, underscores stolen credentials as a top target for attackers. This challenge in the market is fueling the need to reduce credential risk by managing entitlements in the context of an authorization model. With the introduction of credential cloaking and policy-based application access, Attivo Networks is well-positioned to emerge as a significant player in the identity detection and response market.”

The addition of credential cloaking also adds to the company’s stack of cloaking technology. The company can currently cloak Active Directory objects, as well as files, folders, network, and cloud mapped shares, and removable drives. This technology is distinctly different from traditional deception technology that weaves fake objects amongst real ones. Cloaking technology hides real assets and puts fake data in its place. This combined innovation has received recognition and awards for its efficacy in identifying and deterring both ransomware and advance attack tactics.

The Attivo Networks Endpoint Detection Net (EDN) Suite is a component of the company’s identity detection and response (IDR) offering. IDR solutions grew popular in 2021 as the technology became available to detect identity theft, privilege escalation, and lateral movement threat activities. The company’s EDN solution includes:

• ThreatStrike: for credential protection
• ADSecure: for Active Directory protection
• ThreatPath®: for credential attack path visibility and attack surface reduction
• Deflect: prevents fingerprinting of endpoints to identify targets and vulnerabilities to exploit
• Central Management: manages EDN and comes with the ability, through licensing, to add visibility to Active Directory and cloud entitlement exposures and vulnerabilities

To learn more about EDN – ThreatStrike for credential protection, visit the EDN - ThreatStrike product page or read the EDN Suite data sheet here.

Visit the EDN Suite product page for additional information about the solutions.

The award-winning product (formerly Acronis True Image) provides individuals with comprehensive protection against all threats — from disk failures to cyberattacks

Acronis, the global leader in cyber protection, today released the newly-rebranded Acronis Cyber Protect Home Office (formerly Acronis True Image). This new name for the company’s flagship personal solution reflects its evolution from data and system backup software to a solution that delivers complete cyber protection — next-generation anti-malware, best-in-breed backup, and easy management, all-in-one integrated tool.

Cyber protection

The need for both effective data protection and cybersecurity has become dominant in daily life. Businesses rely on the continuous availability and integrity of their data, while individuals around the world send and receive large volumes of sensitive information over remote connections. Cybercriminals, in response, have stepped up the scale and complexity of their attacks — and with advances in the automation of these threats, no one is “too small to target.”

Recognising the evolving challenges of data protection, Acronis has been advancing its solutions since 2017 to meet the latest challenges. When ransomware threats began targeting file backups directly, the company became the first to integrate anti-ransomware defences into a personal backup solution. In 2021, Acronis continued to expand its cybersecurity focus, adding capabilities that include threat-agnostic anti-malware, cryptojacking protection, and web filtering. The solution evolved from a backup one to complete personal cyber protection solution, safeguarding not only backups but devices as well.

Acronis’ success with these efforts has not gone unnoticed, earning Editor’s Choice awards from both PCWorld and PCMag. PCWorld called it “an all-encompassing tragedy-prevention solution.” When evaluated by independent security research lab AV-TEST, the integration of data backup and advanced cybersecurity successfully detected and blocked 100% of cyberattacks.

Protection for everybody

Acronis Cyber Protect Home Office (formerly Acronis True Image) incorporates a number of capabilities to counter modern cyberthreats and ensure complete data protection. The unique integration of cybersecurity and backup into a single solution not only makes protection simpler and more affordable, but also delivers advanced capabilities that standalone solutions cannot — such as the automatic restoration of any data damaged during a ransomware attack.

Its advanced anti-malware is proven to detect and stop the latest cyberthreats in real-time, including zero-day attacks that have never been seen before. Protection is extended across popular software, including videoconferencing applications like Zoom and Microsoft Teams, preventing attackers from accessing data in-transit.

“The past two years have changed the industry landscape for good, no user is too small to be targeted anymore” said Candid Wuest, Acronis VP of Cyber Protection Research. “The unique quality of our corporate solutions is the integrated cyber protection – combining cybersecurity and backup is the only way to keep your critical data truly protected. Now we offer Acronis Cyber Protect Home Office – to protect every individual and home office, and keep the world going despite the challenges of the remote work and distributed IT infrastructure.”

To learn more about the cybersecurity and data protection capabilities that Acronis Cyber Protect Home Office enables for individuals such as home users, remote workers, freelancers, and at-home students, visit the official page.

35% of businesses say that receiving late payments would make them consider raising prices 

New research suggests that a single late payment doesn't just affect the business immediately involved, but triggers a domino effect that tumbles down the entire payment flow.

A survey of 500 UK business decision-makers from GoCardless, a global leader in account-to-account payments, finds that 86% agree that one late payment affects everyone in the supply chain. Indeed, out of the 31% of businesses that have paid a supplier late, almost half (47%) say that it was due to late or failed payments from their customers. Nearly four in ten (38%) report that receiving late payments has made them consider delaying payments to their own suppliers, pushing the problem further downstream. 

Even those outside the flow of funds shoulder the burden. Over a third (35%) of businesses indicate that late payments would make them think about raising the price of their products or services for customers. A quarter (26%) say they would consider postponing their hiring plans, potentially impacting the availability of much-needed jobs.

The findings indicate, however, that businesses would like to turn this vicious cycle into a virtuous one, with 97% of respondents agreeing that every business should be paid on time. And, the first thing one in five businesses (20%) would do if they collected all of their receivables on time is to pay their own suppliers sooner. 

The news comes as GoCardless releases its 2021 Global Payment Timings Index, an analysis of over 40 million payments to establish benchmarks for how long it takes a business to get paid. 

The index finds that businesses using account-to-account payments like bank debit have the shortest wait between charging a customer and receiving funds into their account, with those using bank debit via GoCardless getting paid, on average, in 3.6 days. This is more than five times faster than physical methods such as cheques where merchants are forced to wait 22 days. 

Given the downstream effects of a single late payment, the index and related research highlight the impact that one company’s payment strategy could have on a wider ecosystem. 

Pranav Sood, VP Small Business at GoCardless says: “Slow and late payments present a challenge to businesses of all sizes, but what is often ignored is the trickle-down effect this has on both suppliers and customers. Prompt payments power change that can boost the entire economy. This is why GoCardless is pushing for improvement, not only for the businesses we support but also for the suppliers and customers implicated in the wider chain.” 

To further address the issue of late payments, GoCardless has partnered with Good Business Pays, a movement backed by the UK’s largest business groups which aims to bring an end to slow and late payments. 

Responding to the research, Dr Roger Barker, Director of Policy at the Institute of Directors -- a member organisation of Good Business Pays -- says: “These findings indicate that paying on time is not something that benefits a single organisation. It has a positive impact up and down the supply chain, and beyond. All businesses must play their part to better this issue for the good of the broader economy, especially as we rebuild in this post-Covid world.” 

The number of POS and Ecommerce transactions in Bahrain shot up by 65% in August, year-on-year, reaching a total value of nearly $744 million during the month, after topping $3.62 billion in the first half of 2021, the Central Bank of Bahrain (CBB) revealed today.

According to new figures from the CBB, there were more than 11.3 million digital transactions in Bahrain last month, valued at BD279.6 million ($743.7 million). The value of e-commerce and point-of-sale (PoS) payments rose by 50% in August 2021 compared to the same month last year. There were more than 53 million digital payments in the first half of 2021, the data shows.

The figures reflect the trend in the rest of the GCC, which is currently experiencing a region-wide surge in online and digital payments as countries accelerate their transition towards cashless societies in the wake of the pandemic.

Lockdowns last year caused a dramatic shift towards digital payment systems. Bahrain's national electronic wallet, BenefitPay, announced a 785% increase in the number of remittances through its Fawri+ service (an online payment service introduced under the Electronic Funds Transfer System) in 2020 – exceeding $5 million. And research from the European Payments Council indicates that the MENA region will process around 139 billion individual non-cash transactions in 2022, which is 90 billion more than five years ago.

Bahrain is among the leaders of the Middle East's march towards a paperless financial system, thanks to its innovative regulation of FinTech. Bahrain boasts some of the world's most advanced digital infrastructure and has produced several leading start-ups that are disrupting the region's digital payments infrastructure.

Dalal Buhejji, Executive Director of Business Development Investment Origination at the Bahrain Economic Development Board, said: "Even before the pandemic, the GCC was embracing digital and mobile banking and payments. Bahrain has anticipated the trends that were catalysed by the pandemic. The Kingdom has a proven track record of reacting quickly to embrace emerging financial technologies and flexibly regulate them. An example of our forward-thinking regulatory framework is the way the Kingdom mandated the adoption of open banking. Our regulatory approach, along with our advanced digital infrastructure, is why we are at the forefront of developing the technologies, solutions and ecosystems that will form the future of the region's digital economy."

Reforms to open banking are expected to have broad ramifications for the payments business, according to a recent survey from McKinsey, published in 23 August. When respondents to the survey were asked what government- or regulator-driven action would be most effective in steering customers to digital payments, 27% nominated regulatory approval for open banking. In 2018, Bahrain made a leap forward in the financial services sector, issuing open banking rules, followed by a framework with guidelines on data sharing and governance in 2020.

Nasdaq-listed cryptocurrency exchange EQONEX, today released the details of its first ever airdrop EQO dollars (EQO-D) exclusively for the holders of its native token EQO. 

Under the terms of the airdrop, 100 EQO-D will be issued per 1,000 EQO held, and will give traders three unique benefits: trading collateral, gift collateral, and buyback benefits.

Once issued, EQO-D can be used as collateral when trading perpetual futures contracts on EQONEX on a 1 EQO-D to 1 USDC basis up to a maximum of 5,000 EQO-D.

EQO-D recipients who have been allocated more than 5,000 EQO-D can choose to gift some of their remaining EQO-D tokens to new or inactive EQONEX customers (terms and conditions apply). 

The third benefit to recipients of EQO-D is the buyback utility in which the EQONEX exchange will buy back eligible EQO-D.  Eligible EQO-D holders will benefit from a buyback pool of 200,000 USDC[1] and be able to earn USDC from their tokens by selling them to the exchange. 

Traders have until September 19, 2021, to ensure they have 1,000 EQO or more in their EQONEX account to benefit from the EQO-D airdrop on September 20, 2021. 

In addition to the EQO-D allocation, traders who sign up, verify their account, and purchase EQO can further benefit from up to $200 in EQO during September 2021. 

Neil Sheppard, Chief Product Officer at EQONEX, said: “The upcoming EQO-D airdrop provides an opportunity for EQO holders to experiment with, or increase their, perpetual trading strategies using our advanced trading features such as cross collateral, sub account functionality, and isolated margin whilst benefiting those same holders with increased referral reward opportunities and a buyback."

To learn more about EQO dollars and to read the whitepaper click here. 

Developed a Widget Demonstrating Telemedicine Capabilities

GBT Technologies Inc. ("GBT”, or the “Company”) concluded its large-scale testing for its qTerm GEN III prototype device. Based on the collected data GBT will attempt to finalize the device’s accuracy and features. The company developed a web-based widget to demonstrate telemedicine capabilities. The widget enables viewing a user’s vitals anywhere in the world through a web-based interface. The widget includes analytics, historical data recordation and categorization of abnormal results.

The GEN III release will include a series of enhancements for higher accuracy, consistency, and visual feedback to support broader user’s usages and behaviors. GBT's qTerm, a human vitals intelligent device is targeted to measure human vitals with a touch of a finger. Based on this larger scale testing the company will make the enclosure’s shape changes and code modifications to enhance user’s guidance during the measurement process. This device includes sensors for oxygen (SPO2), heart rate and IR (Infra-Red) type for temperature including a coprocessor chip that provides advanced calibration algorithm to assist users with qTerm’s usage. The device is accompanied by a smartphone app and a new synchronized widget web application to keep a history and provide health analytics. The widget reads the device’s data and presenting it on a graph to show vitals history and abnormalities.

In further development phases the data will be fed into an AI engine that will monitor the user’s health status. qTerm’s widget is a demonstration of a real time telemedicine application, enabling remote vitals observation anywhere; anytime. qTerm’s GEN III device modifications should be implemented during the next few months to finalize the device.

"GEN III version improvements will significantly increase the device’s overall performance, accuracy, and consistency and with its accompanied web application widget, it can offer a real time medical information observation in remote places or simply from home. Our Artificial Intelligence technology is aimed to process the widget data and provide a 24/7 medical monitoring in a later stage. The web widget will be soon available on qTerm’s web site at www.qterm.me. As a courtesy for the public, we will provide a demo device data for demonstration purposes. During the next few months we plan to conclude the qTerm device and approach potential domain for its commercialization. We believe that this type of technology can become an essential health monitoring assistant at any time and place, keeping our lives healthier and safer.” Said Danny Rittman, the Company’s CTO.

There is no guarantee that the Company will be successful in researching, developing or implementing this qTerm into the market. In order to successfully implement this concept, the Company will need to raise adequate capital to support its research and, if successfully researched, developed and granted regulatory approval if at all, the Company would need to enter into a strategic relationship with a third party that has experience in manufacturing, selling and distributing this product. There is no guarantee that the Company will be successful in any or all of these critical steps.

New Partnership Supports Development of Larger Facility to Address Food Insecurity in Wilmington Area

nCino, Inc. (NASDAQ: NCNO), a pioneer in cloud banking and digital transformation solutions for the global financial services industry, today announced its partnership with the Food Bank of Central & Eastern North Carolina in order to help the organization expand its food relief efforts and ensure substantial growth in its nutrition services, food access, and distribution throughout southeastern North Carolina.

“The Food Bank at Wilmington is a valuable partner that provides a critical service for thousands of people in our area who suffer from food insecurity,” said Wilmington Mayor Bill Saffo. “From working families, to seniors on fixed incomes, to children and teens who live at home or are working their way through college, everyone deserves access to nutritious food daily. This new partnership between nCino and the Food Bank of Central & Eastern North Carolina will help expand services and is an important step forward in the fight to end hunger in our region.”

nCino will provide a donation of $1 million dollars total over a five-year period, to support the development of the soon to be named nCino Hunger Solutions Center, the Food Bank’s new facility in Wilmington at 1000 Greenfield Street. Construction of the new facility is a critical step toward bolstering the Food Bank’s capacities to address urgent food insecurity throughout Brunswick, Columbus, New Hanover, and Pender counties in North Carolina. To implement long-term solutions for hunger relief, the new facility also plans to work with community partners to offer comprehensive programing in workforce development opportunities and health education, a community garden, and a teaching kitchen. The Food Bank’s plan is to break ground later in 2021 for a facility that would open in 2022.

“The pandemic has clearly shown that food insecurity is a defined reality for thousands in our community,” added Beth Gaglione, Branch Director at the Food Bank of Central & Eastern North Carolina. “Insufficient space has prevented us from increasing our efforts to nourish more people and build solutions to end hunger. With nCino’s generous partnership and support, we are one huge step closer to bringing our new facility to life and bolstering our ability to help those most in need in our community.”

Since 2002, the Food Bank at Wilmington has provided more than 150 million pounds of food across its service area, an investment valued at nearly $200 million. While the organization distributed nearly 11 million pounds of food last year, the COVID-19 pandemic has had a serious and widespread impact on food access, driving an estimated 35 percent increase in visits to Food Bank partner food pantries. The new facility – approximately 35,000 square feet, or 190% larger than the Food Bank’s current facility – will accommodate distribution of an additional 4.2 million pounds of food annually, a 37 percent increase in overall distribution.

“For decades, the Food Bank at Wilmington has been a pillar of support for this community in the fight against food insecurity, and we’re proud to broaden our partnership to support their important work,” said Zedrick Applin, Program Manager of Diversity, Equity, Inclusion & Community at nCino. “As a company that has been based in Wilmington for nearly a decade, we’re committed to giving back to impactful community institutions and supporting our neighbors throughout the region.”