CoreStack Announces Record Growth in 2020 and Strong Momentum with Cloud Governance Adoption

CoreStack Announces Record Growth in 2020 and Continued Momentum in Cloud Governance Adoption

Organizations globally embrace CoreStack’s Cloud Governance and Compliance Solutions to enhance operational efficiencies, assure compliance, and optimize costs

CoreStack delivered excellent value in 2020, and we will enable more companies unleash the power of cloud this year. We look forward to continue to deliver transformational cloud governance”

— Ezhilarasan Natarajan, CEO

BELLEVUE, WA, USA, January 20, 2021 /EINPresswire.com/ — CoreStack, a global multi-cloud governance provider that empowers enterprises to achieve continuous and autonomous cloud governance at scale, today announced 2020 as a year of record business growth in revenues, new customers, and industry recognitions.

CoreStack witnessed more than 150% Year-on-Year growth in revenues and is now serving more than 100 organizations globally from industries including Financial Services, Healthcare, Banking, Insurance, Education and Manufacturing. CoreStack attributes this outstanding growth to its relentless focus on customer-value innovation. Today, CoreStack boasts of a Net Promoter Score (NPS) of more than 70.

Customers leveraging its multi-cloud governance solution reap transformational benefits such as enhanced operational efficiencies, comprehensive cloud compliance with industry standards and regulations, and optimized cloud costs.

“CoreStack helped us rapidly achieve future-ready robust cloud governance. We were able to realize cost savings of $1.5 million amounting to a reduction in cloud costs by over 40% within 2 months of implementing CoreStack,” said Shailu Tipparaju, Chief Technology Officer of Examity. “This is an impressive value from any new implementation. Thanks to this significant cost savings, we were able to retain jobs and scale opportunities globally, especially during this vulnerable time of the pandemic”, he added.

In 2020, CoreStack raised Series A financing of $8.5 million led by Dallas Venture Capital (DVC) and Iron Pillar. Buoyed by the funding and rapid customer growth, CoreStack expanded its R&D, customer service, sales, and marketing teams globally in US and India. CoreStack earlier announced the joining of former CEO of Wipro, Abidali Neemuchwala, as Strategic Advisor.

CoreStack earned several industry-leading awards and recognitions in 2020:
• Recognized as an IDC Innovator in Cloud Management Solutions
• Awarded NASSCOM Emerge50 – League of 10 in Enterprise Software
• Mentioned in the Gartner Magic Quadrant for Cloud Management Platforms 2020
• Won TiE50 2020 for the second time in a row

“Organizations globally have fast-tracked their digital transformation in 2020 and that trend is expected to continue in 2021. While Cloud adoption is a key component in this transformation, the challenges around cloud operations, security, compliance, and cost, can be overcome only with an effective governance strategy,” said Ezhilarasan Natarajan, CEO of CoreStack. “CoreStack has delivered excellent value to multiple companies in 2020, and we look forward to enabling several more companies unleash the power of cloud this year. We’re innovating at a rapid pace and are very excited to continue to deliver transformational cloud governance for our customers,” he added.

About CoreStack

CoreStack, an AI-powered multi-cloud governance solution, empowers enterprises to rapidly achieve Continuous and Autonomous Cloud Governance at Scale. CoreStack enables enterprises to realize outcomes such as a 50% increase in operational efficiencies, 40% reduction in costs, and 100% compliance with standards such as ISO, FedRAMP, NIST, HIPAA, PCI-DSS, AWS CIS & Well-Architected Framework (WAF). With a unique Cloud-as-Code approach that uses deep AI/ML, declarative definitions, connector-less model, and a patented cloud service-chaining technology, CoreStack continually innovates to harness the real power of the cloud. CoreStack is a Microsoft Azure Gold & Co-Sell Partner and Amazon AWS Advanced Technology Partner. Learn more at www.corestack.io

Contacts
Bala Vishwanath
Chief Marketing Officer, CoreStack
bala@corestack.io

Bala Vishwanath
CoreStack
bala@corestack.io
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Enterprise Cloud Governance and Compliance | Continuous & Autonomous @ Scale | CoreStack


Source: EIN Presswire

Delve Health Announces Participation in ON TARGET Phase III Study

Clinical StudyPal, a decentralized trial solution for clinical trials

Delve Health’s Clinical StudyPal enables study Sponsor and CRO to randomize patients, manage study drugs and collect patient outcomes

With Clinical StudyPal, sponsors and CROs can view site and patient activities and identify and eliminate bottlenecks quickly keeping their trials on schedule and budget”

— Wessam Sonbol

PLYMOUTH, MN, USA, January 19, 2021 /EINPresswire.com/ — Delve Health is proud to announce participation in the ON TARGET Phase III Study which seeks to address therapy-related diarrhea, one of the most common and unpleasant side effects of Targeted Cancer Therapies. Currently enrolling, ON TARGET is sponsored by NAPO Pharmaceuticals and managed by Integrium Clinical Research. For more information regarding the ON TARGET Study please contact Lauren Garufis at lauren.garufis@integrium.com.

Clinical StudyPal is a cloud application which follows the clinical patient from recruitment through pre-screening, consent and randomization and then once in the study, the system utilizes a patient communication portal with secure messaging to provide patients with up to date study information and allows patients to communicate with their doctors. Using the patients’ own smartphones, SMS, chatbots and web portals, the system gather diaries and eCOA/ePRO and other information including data from wearables and sensors related to patient activity, physical parameters, treatments and medications.

Clinical StudyPal also has TeleVisit technology to allow live video interaction with investigators and other site personnel to discuss their consent or conduct a virtual visit. Through a partnering arrangement with regional service providers, professionals can be scheduled to visit patients, gather samples, perform treatments and observe patient condition at home, all using Clinical StudyPal to document the visit information in an electronic capture portal.

“We are excited to be working with NAPO and Integrium on this important study,” said Wessam Sonbol, president and CEO of Delve Health. “For this double-blinded ON TARGET Study, Clinical StudyPal provides stratified randomization and also manages study drug kit supply tracking and automated logistics for 50 sites. Task automation and complete visibility of patient progress speeds data collection and provides full transparency of study status across all partners. With Clinical StudyPal, sponsors and CROs can view site and patient activities and identify and eliminate bottlenecks quickly keeping their trials on schedule and budget”.

Clinical StudyPal was developed to enable decentralized clinical trials thus reducing patient burden by allowing patients to conduct some or all of their visits from the comfort of their home. It was designed to supplement existing clinical applications specifically in the areas of patient recruitment and enrollment, remote capture of patient data, facilitating digital patient engagement, improving patient compliance while reducing dropout rates and most importantly, improving patient experiences.

Clinical StudyPal integrates with various EDC and CTMS solutions to enable sponsors and CROs to streamline and automate their virtual patient engagement processes within their existing trial management activities and workflow to ensure patient visits continue on time. Real-time reports also give sponsors, CROs and sites a complete view of all patient captured data.

Delve Health enables companies to eliminate system silos, streamline end-to-end trial processes, and improve collaboration across sponsors, CROs, and clinical research sites. For more information, visit www.delvehealth.com.

Wessam Sonbol
Delve Health
+1 952-200-6228
wsonbol@delvehealth.com


Source: EIN Presswire

FinMkt, Point of Sale Financing Fintech, Appoints Erin Smith Chief Marketing Officer

Erin Smith, previously FinMkt's Director of Marketing, has been named the company's first Chief Marketing Officer.

NEW YORK, NY, USA, January 19, 2021 /EINPresswire.com/ — FinMkt, leading SaaS provider of point of sale consumer finance technology, has promoted Erin Smith to Chief Marketing Officer. Joining the team in September 2019 as Director of Marketing, Ms. Smith was promoted to Vice President of Marketing in record time. After a little more than a year with the company, she has been appointed FinMkt’s first ever Chief Marketing Officer. Ms. Smith’s promotion is the culmination of her constant display of dedication, preparation, knowledge and passion. She has been instrumental in building the company over the past year, playing a key role in developing SaaS partnerships and working closely with FinMkt’s technology team to enhance UX.

“Never in my career, have I met someone so confident in her professional abilities and who could articulate exactly how she was going to make an immediate and positive impact,” says FinMkt’s CEO and co-founder, Luan Cox. “We hired her as Director of Marketing and almost immediately promoted her to VP of Marketing. Erin embodies all that we are and aspire to be at FinMkt, as individuals and as a team.”

Ms. Smith’s career was largely in the real estate and financial sectors, having held previous positions at Keller Williams Realty and Morgan Stanley, before entering the fintech space as Brand Manager at small business lender, Lendistry. Fintech turned out to be a natural fit for Ms. Smith who enjoys the challenge of being both analytical and creative.

“I feel like I found my calling when I entered fintech, and that I found my home when I joined FinMkt,” Ms. Smith said. “It is an honor to be recognized by FinMkt’s leadership. Luan has been a valuable mentor since my arrival and I hope to make her and the FinMkt family proud.”

About FinMkt

FinMkt is passionate about delivering best-in-class technology to improve the way consumers access competitive financing. FinMkt has developed a state-of-the-art multi-lender platform to facilitate point-of-sale financing for the home improvement, retail and medical verticals. FinMkt's scalable, patent-pending SaaS platform includes seamless APIs and fully hosted white-label solutions. To learn more, please visit FinMkt.io or reach us by email at info@finmkt.io.

Jackie Bass
FinMkt
+1 917-633-4241
info@finmkt.io
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Source: EIN Presswire

Industrial Defender and aDolus Partner to Secure ICS Supply Chain with Independent File Validation

Industrial Defender - aDolus Partnership

Industrial Defender – aDolus Partnership

Industrial Defender’s integration with the aDolus FACT™ platform ensures updates are valid, tamper-free, and safe to install.

By joining aDolus’ FACT community, Industrial Defender continues to invest in supply chain security.”

— Jim Crowley, CEO Industrial Defender

NANAIMO, BC, CANADA, January 19, 2021 /EINPresswire.com/ — aDolus Technology Inc., a global authority on software intelligence for the critical infrastructure software supply chain, today announced its partnership with Industrial Defender, a pioneer in operational technology (OT) security. The collaboration will mitigate the risk of supply chain attacks in ICS environments.

aDolus provides a platform called FACT™ for brokering security information regarding Industrial Control System (ICS) and IoT software and firmware. FACT aggregates information on software created by manufacturers of intelligent devices used in regulated and critical industries. Industrial Defender’s products are now included in the FACT platform, allowing their customers to apply product updates with the assurance that the files they are using are genuine, tamper-free, and Industrial Defender-approved.

“The software supply chain is an extremely attractive target for attackers because a successful supply chain attack yields access to so much more than the initial victim. SolarWinds is a perfect example of how bad actors needed to compromise only one company to go on to affect over 18,000 organizations, including US government agencies, the US military, and most of the Fortune 500 companies,” said Eric Byres, CEO of aDolus and inventor of the Tofino Firewall.

Industrial Defender ASMⓇ and Building Defender™ protect the availability and safety of ICS and building management systems respectively. They allow asset owners to manage all their core cyber security and compliance tasks from a single application. By registering these products on the FACT platform, Industrial Defender is protecting its customers from these supply chain attacks by providing independent authentication of packages prior to installation.

“By joining aDolus’ FACT community, Industrial Defender continues to invest in supply chain security,” says Jim Crowley, CEO at Industrial Defender. “This independent validation of our files prevents attackers from trying to exploit the trust between us and our customers. It’s also a critical tool to help our customers demonstrate compliance with supply chain regulations, such as NERC-CIP-013-1,” he adds.

About aDolus Technology Inc.
aDolus Technology Inc. is the global authority on software intelligence for critical infrastructure. Our AI technology correlates information from diverse sources about ICS, IIoT, and IoT firmware and software to provide continuous assurance that packages (and all their subcomponents) are legitimate, tamper-free, and safe to ship and install. By working together to secure the software supply chain, we can create a safer, better world. Learn more at http://www.adolus.com/.

About Industrial Defender
Since 2006, Industrial Defender has been solving the challenge of safely collecting, monitoring, and managing OT asset data at scale, while providing cross-functional teams with a unified view of security. Their specialized solution is tailored to complex industrial control system environments by engineers with decades of hands-on OT experience. Easy integrations into the broader security and enterprise ecosystem empower IT teams with the same visibility, access, and situational awareness that they’re accustomed to on corporate networks. They secure some of the largest critical control system deployments with vendors such as GE, Honeywell, ABB, Siemens, Schneider Electric, Yokogawa and others to protect the availability and safety of these systems, simplify standards and regulatory requirements, and unite OT and IT teams. Learn more at http://www.industrialdefender.com/.

Norma Dowler
aDolus Technology Inc.
8664236587706
email us here
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Source: EIN Presswire

Congresswoman Nicole Malliotakis Swears In Staten Island Board of Realtors® 2021 President

Angelo Pappalardo, Esq., was inducted as the 58th president of the Staten Island Board of Realtors® (SIBOR). Pappalardo, broker/owner of Century 21 Papp Realty, was sworn into office Jan.14 by Congresswoman Nicole Malliotakis during a virtually held celebration.

Angelo Pappalardo, Esq., is sworn in as the 58th president of the Staten Island Board of Realtors® by Congresswoman Nicole Malliotakis during a virtual ceremony. (Photo: Courtesy of the Staten Island Board of Realtors®)

Angelo Pappalardo is the 58th president of the borough’s largest professional organization

No matter what challenge or issue you may face, know that there is always an opportunity for success.”

— Angelo Pappalardo

STATEN ISLAND, NY, UNITED STATES, January 19, 2021 /EINPresswire.com/ — Angelo Pappalardo, Esq., was recently inducted as the 58th president of the Staten Island Board of Realtors® (SIBOR).

Pappalardo, broker/owner of Century 21 Papp Realty, was sworn into office Jan. 14 by Congresswoman Nicole Malliotakis during a virtually held celebration. David Legaz, president of the New York State Association of REALTORS®, presided over the swearing-in of all other officers and directors during the evening.

“Looking forward, I’d like to say that this new year will leave the challenges of last year far behind us, but every new year brings new challenges – 2021 will be no exception,” Pappalardo said. “… so in times that are rapidly changing, it’s the responsibility of our organization to help its members prepare to meet those challenges head on. We will do our best to ensure that our organization meets that responsibility.”

Recalling his father, Pasquale (Pat) Pappalardo, the beloved Staten Island Realtor and business mentor who passed away in November, the newly inducted SIBOR president said, “… He’s the reason I’m here this evening. His story is an epic one of an Italian immigrant living the American dream.”

Further sharing his father’s inspiration, Pappalardo added, “No matter what challenge or issue you may face, know that there is always an opportunity for success.”

In passing the gavel, 2019-2020 SIBOR President Scott Setaro reflected upon the unprecedented challenges imposed by the pandemic, praising SIBOR and its members for helping to revitalize the local housing industry.

The Island’s Realtors were “forced to learn a new language” in the face of COVID-19,” he said. “We flipped a switch, and we were forced to do business differently than we did the day before.”

In addition to Pappalardo, SIBOR officers installed at the event included President-Elect Francis J. Rizzo of Cornerstone Realty, and Secretary/Treasurer Rosanne La Fata of RE/MAX Elite.

Other inducted directors: Scott A. Setaro of Weichert, Realtors® – Evolution Group, immediate past president; Phyllis Cangro, RE/MAX Elite; Dawn M. Carpenter, Dawning Real Estate; Sandra Cascio, Robert DeFalco Realty; Ann Coppola, Master Associates; Georgianna Diaz, Village Realty of Staten Island; Michael Dukhovny, United National Realty; Curtis Mason, Great American Homes Realty; Robert J. Nixon, Casandra Properties; Erica Orlando, Cornerstone Realty; Francine Reali, Better Homes and Gardens Real Estate Safari Realty; Annmarie Triolo, Prodigy Real Estate; Valerie Vargas, Keller Williams Realty Staten Island, and Vincent M. Zaloom Jr., Century 21 Zaloom Realty.

Two directors are non-Realtors: Toni Ann Barone, a partner with the law firm of Barone & Barone, and Michael Bloomfield, president of Tekie Geek.

STATEN ISLAND MULTIPLE LISTING SERVICE

Sworn in as officers and directors of the Staten Island Multiple Listing Service Inc. (SIMLS) were: Sandy Krueger, president and CEO; Frank Reali of Better Homes and Gardens Real Estate Safari Realty, vice president; Ron Molcho of American Homes Group, secretary/treasurer; Diane Birrell, Diane Realty; Steven Caro, Exit Realty Liberty Homes; Georgianna Diaz, Village Realty of Staten Island; Daniel Fausak, Red Door Realty Group; Michael Gentilesco, Robert DeFalco Realty; Donna A. Iadarola, RE/MAX Elite; Sari Kingsley, Sari Kingsley Real Estate; Sallyanne Malfi, Tom Crimmins Realty; Gerry McClean, Weichert, Realtors® – Evolution Group; Brian J. Moore, Opulence Properties; Michael E. Napolitano, RE/MAX Edge; Domenica (Mimi) Neuhaus, Neuhaus Realty, and Francis J. Rizzo, Cornerstone Realty.

Alfred M. Fazio, Esq., Capuder Fazio Giacoia LLP, will continue as counsel to each of the boards.
SPONSORS

Major sponsors of the cyber event were ShowingTime and First Home Bank.

“This was our first virtual installation and hopefully our last; but it went very well, and it was a good kickoff to 2021,” reflected SIBOR CEO Sandy Krueger following the event.

About the Staten Island Board of REALTORS® (SIBOR)

Established in 1915, the Staten Island Board of REALTORS® (SIBOR) is the largest professional association in Staten Island, N.Y.

SIBOR exists to enhance the ability and opportunity of its members to conduct their business successfully and ethically, and promote the preservation of the public’s right to own, transfer and use real property. Comprised of more than 2,300 members, SIBOR serves real estate agents, brokers and affiliated professionals throughout the borough and surrounding areas.

SIBOR is the provider of the Staten Island Multiple Listing Service Inc. (SIMLS), which works as a clearinghouse through which more than 250 local real estate firms exchange information on properties they have listed for sale. Together, its members participate in over 5,000 real estate transactions every year.
All SIBOR Realtors belong to the New York State Association of REALTORS® (NYSAR) and the National Association of REALTORS® (NAR).

SIBOR may be reached at 718-928-3220 and viewed online at SIBORREALTORS.com. SIBOR may also be visited on Facebook at Staten Island Board of Realtors, on Twitter via @SIBOR, and on Instagram at SIBOR REALTORS (siborrealtors).

Barton Horowitz
Relevant Public Relations, LLC
+1 718-682-1509
bhorowitz@relevantpr.com
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Source: EIN Presswire

KEG LOGISTICS and NORTH KEG COMBINE to PROVIDE NEW KEG MANAGEMENT OPTIONS to the CANADIAN BREWING INDUSTRY

Denver Based Keg Logistics LLC acquires Canadian Keg Supply Company

DENVER, CO, UNITED STATES, January 19, 2021 /EINPresswire.com/ — Keg Logistics is pleased to announce its acquisition of Canadian-based keg leasing company, North Keg. The deal brings together the two leading keg leasing providers in the USA and Canada, creating the premier leader in the keg management sector supporting over 2,600 high growth breweries, cideries, and specialty beverage customers across the United States, Canada, and the United Kingdom.

Keg Logistics is the only keg management company in the world that offers brewers multiple options to source kegs, including pay per use, flex term rentals, rent to own, and export keg supply. The company is uniquely positioned to provide a one stop solution to help its customers thrive in markets throughout North America and Europe. The acquisition of North Keg adds to the current Canadian brewing customers currently working with Keg Logistics and significantly deepens Keg Logistics’ density across Canada.

North Keg will continue to operate as before, but with the acquisition they will be able to expand to other parts of Canada and launch a pay per fill offering to all Canadian breweries. Canadian brewers will now have access to the full Keg Logistics/North Keg service menu with its ability to provide keg, brewery equipment financing, and logistics solutions to beer, wine, coffee, kombucha and cider producers.

Chris Sapyta, Keg Logistics CEO and pioneer of the keg management industry stated that “I am very excited to add North Keg to our Keg Logistics family. I see a tremendous opportunity to join our two successful companies together to be able to deliver a best of class keg management solution to every size Canadian Brewer. We will be able to service the startup brewer and provide cost saving options to any Canadian Brewer who sells nationwide and exports to the USA or EU”.

North Keg, founded by Matt Wowchuk and Eric Liptok in 2017, has provided keg leasing solutions to an ever-expanding portfolio of breweries in Canada and their Toronto-based hub provides keg servicing capabilities and stocks new keg inventory to allow brewers quick access to the best quality stainless steel kegs in the market. Mr. Wowchuk will continue in a sales leadership role in Canada, while Jacob Liptok will manage the Canadian operations hub.

“Teaming with Keg Logistics allows North Keg to provide Canadian Customers with kegs via a short-term rental, a lease to own option and offer an export keg program in stainless kegs for brewers in Canada. We will soon be expanding the Keg Logistics pay-per-fill model into Canada as well, uniquely positioning our company to be the only single keg provider to address all keg requirements of any size brewer”, said Matt Wowchuk.

ABOUT KEG LOGISTICS

Denver, CO based Keg Logistics was founded in 2011 by industry veteran, Chris Sapyta, the founder of MicroStar Keg Management. Keg Logistics is a leading provider of keg and equipment financing to breweries and wineries globally. Keg Logistics provides its customers in the USA, UK and Canada with a flexible pathway to owning their own kegs and maximizing their growth and profitability. In addition to financing solutions, Keg Logistics also manages both domestic and international logistics, as well as 3PL support. For more information, please visit www.keglogistics.com.

ABOUT NORTH KEG

Toronto, Ontario based North Keg was founded in 2017. North Keg has built an impressive list of brewery customers across Canada by being the first to offer the growing Canadian craft brewing community an alternative to sourcing kegs. The customers of North Keg can have a personalized, branded, top quality European kegs delivered to their door in less than two weeks anywhere in the country. North Keg can provide financial support to allow brewers to secure keg assets, tanks, and all related brewing equipment. For more information, please visit www.northkeg.com.

Chris Sapyta
Keg Logistics LLC
email us here


Source: EIN Presswire

Rare Earth Element News -Defense Metals (TSX-V: $DEFN.V) FOUNDING MEMBER C2M2A

Defense Metals (TSXV:DEFN /OTCQB:DFMTF) announces its support as a Founding Member of recently launched Canadian Critical Minerals & Materials Alliance (C2M2A)

Defense Metals Corp. (TSX:DEFN.V)

VANCOUVER, BRITISH COLUMBIA, CANADA, January 19, 2021 /EINPresswire.com/ — Mining/Metals/ Green Energy Stock News from Investorideas.com Newswire: Defense Metals Corp. (“Defense Metals”) (TSX-V:DEFN / OTCQB:DFMTF/ 35D: FSE) is pleased to announce its support as a Founding Member of the recently launched Canadian Critical Minerals and Materials Alliance (C2M2A). Defense Metals and nine other C2M2A founders reflect a broad knowledge base across the suite of critical material supply chains; including current & prospective producers and processors, commercial & national laboratories, academia and innovation hubs, and engineering & business experts.

Read this news, featuring DEFN in full at https://www.investorideas.com/news/2021/mining/01191DEFN-C2M2A.asp

Defense Metals support of the C2M2A initiative, representing a clear industry voice to guide Government of Canada policy towards establishing Canadian-based critical material supply chains, will greatly benefit the advancement of its 1,708 hectare (4,220 acre) Wicheeda Rare Earth Element (REE) Property (“Wicheeda”) located near Prince George, British Columbia (BC). The Wicheeda project has indicated mineral resources of 4,890,000 tonnes averaging 3.02% LREO (Light Rare Earth Elements) and inferred mineral resources of 12,100,000 tonnes averaging 2.90% LREO (1).

Launched on January 14, 2021 the Canadian Critical Minerals and Materials Alliance is an industry association aimed at advancing resilient critical materials supply chains for Canada’s cleantech economy. The launch of C2M2A builds on the earlier establishment of the Canadian Rare Earth Elements Network (CREEN) in 2013 and its success in building awareness on the growing importance of rare earth elements.

Recent geopolitical developments have underscored the importance of the critical materials supply chains necessary for clean energy, electric vehicles, communications, medical and aerospace applications. A coordinated supply chain consortium, which represents both upstream and downstream critical materials producers (e.g., rare earth elements, lithium, cobalt, graphite and others) will help support policymakers and industry players implement strategies that will enable full Canadian participation in the sector.

Other international jurisdictions including the European Union, Japan, the United States and Australia have already made announcements on their critical materials strategy. Alliance members agree that it is time for Canada to step up and move forward with its own strategy. Canada is well positioned to implement its vision for a clean energy future because of its enormous critical minerals resource wealth; however, the country must implement a strategy to use this wealth to establish the downstream processing capacity to create the refined materials needed in electric vehicle and battery technologies.

Recent announcements by the federal government with Ford Motors and General Motors on their plans to establish more electric vehicle manufacturing capacity in Canada confirm Canada’s commitment to a low-carbon future. C2M2A will help support further investments in this rapidly advancing sector of the economy, particularly in outlining the effort and costs to build value- creating materials chains in Canada.

Craig Taylor, CEO comments:

“With the support of the C2M2A initiative Defense Metals continues to establish itself as one of the industry leaders in the advancing Canadian-based critical material supply chains. As North America and the world move toward widespread adoption of electric vehicles and other green technologies there will be upward demand pressure on critical REE magnet-metals, principally NdPr. Defense Metals is well-positioned to meet demand for North American-sourced critical REE’s with one of the highest-grade road accessible deposits, with potential to reduce the political and strategic risk of current reliance on Chinese REE sources.”

About C2M2A
C2M2A is a non-profit, independent organization with a mission to foster and enhance Canada’s role as a leader in the production of critical materials manufacturing in support of the global transition to a low-carbon, clean-growth economy. By focusing on rapidly advancing the establishment of economic critical materials production and manufacturing capacity, Canada will grow its economy, compete globally and continue to protect the environment. C2M2A will enable stakeholders around the country to collaborate on shared priorities while respecting each jurisdiction’s needs and plans, including the need to ensure the continued competitiveness and viability of businesses. For more information, please visit www.C2M2A.org.

Qualified Person
The scientific and technical information contained in this news release as it relates to the Wicheeda REE Property has been reviewed and approved by Kristopher J. Raffle, P.Geo. (BC) Principal and Consultant of APEX Geoscience Ltd. of Edmonton, AB, a director of Defense Metals and a “Qualified Person” as defined in National Instrument 43-101 – Standards of Disclosure for Mineral Projects.

About Defense Metals Corp.
Defense Metals Corp. is a mineral exploration company focused on the acquisition of mineral deposits containing metals and elements commonly used in the electric power market, military, national security and the production of “GREEN” energy technologies, such as, high strength alloys and rare earth magnets. Defense Metals has an option to acquire 100% of the 1,708 hectare Wicheeda Rare Earth Element Property located near Prince George, British Columbia, Canada. Defense Metals Corp. trades in Canada under the symbol “DEFN” on the TSX Venture Exchange, in the United States, under “DFMTF” on the OTCQB and in Germany on the Frankfurt Exchange under “35D”.

For further information, please visit https://defensemetals.com/ or contact:
Todd Hanas, Bluesky Corporate Communications Ltd.
Vice President, Investor Relations
Tel: (778) 994 8072
Email: todd@blueskycorp.ca

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this news release.

Cautionary Statement Regarding Forward Looking Information
https://www.investorideas.com/news/2021/mining/01191DEFN-C2M2A.asp

Paid News -Disclaimer/Disclosure: Disclosure : this news release featuring Defense Metals Corp. is a paid for service on Investorideas.com ($750) More disclaimer info: https://www.investorideas.com/About/Disclaimer.asp Please read Investorideas.com privacy policy: https://www.investorideas.com/About/Private_Policy.asp

(1) Technical Report on the Wicheeda Property, British Columbia, effective June 27, 2020 and prepared by APEX Geoscience Ltd. (Steven J. Nicholls, B.A. Sc., MAIG and Kristopher J. Raffle, B.Sc., P.Geo) is available under Defense Metals Corp.’s profile on SEDAR (www.sedar.com)

Dawn Van Zant
Investorideas.com
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Source: EIN Presswire

AP&M Announces Field Service Expansion with Acquisition of Turbine Controls & Excitation Group

AP+M Logo

TCE Logo

Florida based AP&M Holdings, LLC (AP&M) announced acquisition of Maine, USA based Turbine Controls & Excitation Group (TC&E).

Building on our recent aeroderivative field services expansion, TC&E was a natural fit and enhances the strengths of both organizations”

— Greg Young, Chief Executive Officer, AP&M

BOYNTON BEACH, FL, UNITED STATES, January 19, 2021 /EINPresswire.com/ — Today AP&M Holdings, LLC (AP&M) announced they have acquired Turbine Controls & Excitation Group (TC&E). TC&E is a global, full-service Power Generation Controls and Excitation company specializing in Gas Turbine, Steam Turbine, and Generator Control systems. TC&E will merge with AP&M’s aeroderivative service team to form the AP4 Energy Services division led by TC&E’s John Downing.

Now with one call to AP4 Energy Services, a customer can coordinate the full range of field services, acquire parts & component repairs of their aeroderivative and heavy-duty gas turbine generator and steam turbine power plants. This very experienced service team expands the company’s technical service offering and field service solutions. Both AP&M and TC&E customers will experience enhanced access to technical services, product upgrades, spare parts, and component repairs.

“It’s exciting to expand our support to the power generation and oil & gas industries through integration of Parts, Component Repair and Field Services. Building on our recent aeroderivative field services expansion, the TC&E acquisition was a natural fit for our company and enhances the strengths of both organizations” said Greg Young, Chief Executive Officer, AP&M.

John Downing, TC&E CEO, agrees that the marriage of these two businesses is perfect. “TC&E had been looking at options to grow further into Aeroderivative services, so what could be better than combining a great parts company with a great services company?” He further added, “both companies have built trusted reputations of providing reliability, efficiency, affordability, through longevity. By joining forces, we’ve developed a unique integrated solution to support Aeroderivative & Heavy-duty Frame Gas Turbines, Steam Turbines, Generators, Exciters, LCI’s, BOP and ancillary systems. “

About AP+M
Since 1990, Aviation, Power & Marine, LLC (AP+M) has established itself as a leading global independent distributor of OEM parts and repairs to the aeroderivative and heavy-duty industrial gas turbine engine (IGT) industries, stocking more than 10,000 different part numbers. These OEM authorizations include Advanced Atomization Technologies (a 50/50 joint venture between GE and Parker), Parker Hannifin, AMETEK Power Instruments, Triumph Engine Control Systems, Meggitt, Turbotect and many more. For more information visit AP+M’s website https://www.apm4parts.com

About Turbine Controls & Excitation Group
Established in 2009 by John Downing and Chris Rychcik, TC&E is a global full-service Power Generation controls company specializing in Gas Turbines, Steam Turbines and Generator Control systems. TC&E provides the highest quality Field Engineers with the correct skill set to support customers’ requests. The team is committed to providing customers with cost-effective solutions to improve the REAL issues of power plant operations & maintenance. Reliability, Efficiency, Affordability and Longevity are the key factors to running today’s aging plants and TC&E can be trusted to maintain, repair or even upgrade critical and complex turbine controls, exciters, LCI’s and instrumentation systems. All of TC&E’s Field Engineers are OEM trained turbine startup and commissioning engineers with 20, 30, even 40+ years of experience in the power industry. For more information visit TC&E’s website https://tcexg.com

For more information please contact AP4 Energy Group marketing at info@ap4energy.com

Marketing Department
AP&M Holdings, LLC.
+1 561-732-6000
marketing@apm4parts.com
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Source: EIN Presswire

Cognerium Conducts Case Study Highlighting the Credit Risk Model’s Value to Banks

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Cognerium’s Rohit Garg outlines how the Credit Risk Model provides risk management solutions to banks using AI/ML

BOCA RATON, FLORIDA, UNITED STATES, January 19, 2021 /EINPresswire.com/ — A recent case study has been conducted by Rohit Garg, Chief Data Scientist at Cognerium to illuminate how the Credit Risk Model has been built and what value it can provide to clients. In this study, the client, a credit risk team of a mid-sized bank, wanted to predict the riskiness of applicants obtaining secured and unsecured loans for their personal lending business.

Banks are tasked with determining whether or not they should move forward with an individual’s application for a loan. This decision is ultimately based on the client’s evaluation of whether the individual can reliably repay the loan and principal interest.

Lending Ally is a platform developed by Cognerium consisting of multiple credit scoring models developed using multiple AI/ML models. These include the Logistic regression model, Decision trees, Random forest, Gradient boosting, and Artificial neural network. The data scientists at Cognerium provided this solution to the client to conduct their evaluation of the applicants.

In order to enact the study, the client provided the data composed of credit and personal information of a group of customers. The data set includes details on default payments, demographics factors, credit data, and history of payment.

Various statistics were then compared to evaluate the Lending Ally models. First, the scientists looked at accuracy, which measures the percentage of the correctly classified population to the total population. Next, they looked at the AUROC. The AUC or ROC curve shows the proportion of true positives (defaulter is correctly classified as defaulter) versus the proportion of false positives (non-defaulter is wrongly classified as a defaulter). Finally, the KS, which measures the maximum separation between the good population and the bad population, was compared. Based on accuracy, the algorithms are arranged in decreasing order.

Overall, Cognerium’s case study determined that the solution helped the client (Bank) conduct better risk management. The Lending Ally successfully identified the best AI/ML model for the client. With this substantial improvement in accuracy, the bank can increase the true positive rate by correctly identifying the applicant that will default; therefore, reducing the losses. Simultaneously, the bank can increase the true negative rate by correctly identifying the applicant that will not default, thus increasing the profits.

When asked to report the value the bank realized using the Credit Risk Model for loan applicants, Rohit responded, “When we ran the Credit Risk Model, on loan applicants data and macro-economic data from the past year, the model returned 41% of the loan portfolio with high-risk. This model can help banks understand each loan applicant’s risk-level and help banks to correctly position the borrowing terms and conditions to avoid losses. The same model can run on active loans to determine future risk of borrowers, taking any variation of market conditions into account.”

To learn more about Cognerium and the Credit Risk Model, please visit https://www.cognerium.com/.

About Cognerium

Cognerium is a Florida-based financial technology company specializing in AI-enabled Digital Transformations for banks and credit unions. With a vision to build intelligence that can assist humans in solving complex problems, Cognerium built the world’s first AI operating system for banking, financial services, and insurance (BFSI). The company’s services encompass business growth, credit risk and compliance, data strategy governance, and digital experience.

Rohit Garg
Cognerium
contact@cognerium.com
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Source: EIN Presswire

Family Room Entertainment (FMYR) Shifts Gears with Acquisition of Cannabis Operations

FMYR announces change of directions by acquiring cannabis operations

Family Room Entertainment Corp. (OTCMKTS:FMYR)

We are very excited to officially announce the launch of operations in the cannabis and hemp sector.”

— Mark Cheung

LAKE FOREST, CALIFORNIA, USA, January 19, 2021 /EINPresswire.com/ — Family Room Entertainment Corp. (the “Company’) makes it official and announces that it has changed directions. Executive management has focused the past two years acquiring strategic company assets and personnel to best enter a new market. Family Room Entertainment Corp. is proud to unveil our plans to redirect Family Room into the cannabis and hemp markets. The Company is also working on more new developments for 2021.

Medical and Recreational Cannabis and Hemp are dominating new market spaces in the United States. The 2019 US Farm Bill legalizing Hemp trade in the United States, and trends leading toward national legalization of Cannabis, expose a void of supply chains in blooming cannabis and hemp markets. The legal cannabis and hemp industries have shown the greatest potential for growth in current US markets.

The Company in the Summer of 2018, appointed Mark Cheung as its CEO. Mark was tasked by the board to secure assets and experts in the California cannabis industry to add to the Family Room umbrella.

Effective October 1, 2018, the Company acquired a major California Central Valley industry retailer, Sweet Leaf Hydroponics, through the Company’s acquisition of Safestarr Inc.

Sweet Leaf Hydroponics has been supplying cannabis and hemp industry supplies, “picks and shovels”, installation and consultation services to cannabis cultivators, hemp cultivators, and extractors in the Central Valley of Northern California for the past 10 years. Such a retail hydroponics location grants the Company direct access to the cannabis industry supply chain (“picks and shovels”) and longstanding legacy cultivators.

“We are very excited to officially announce the launch of operations in the cannabis and hemp sector,” said Mark Cheung, the Company’s CEO. “We believe that positioning the Company in the very relevant cannabis sector will immediately enhance growth potentials and provide value to our company.”

About Family Room Entertainment Corp.
With its headquarter office located in Lake Forest, California, and founded in 1969 originally as Cobb Resources, Family Room Entertainment Corp. (the “Company”) has focused its business operations in the cannabis sector with its acquisition of Safestarr Inc., a California corporation, which operates under the trade name of Sweet Leaf Hydroponics. Through the acquired operations, the Company markets and sells equipment for cultivators, extraction products, topsoil, and other various “picks and shovels” equipment necessary for cannabis and hemp operations. The Safestarr subsidiary has an active social media presence at its own website (http://www.slhydro.com/) and on Facebook (https://www.facebook.com/SweetLeafHydro/) and Instagram (@sweet_leaf_hydro).

Safe Harbor:
Statements in this press release may constitute forward-looking statements and are subject to numerous risks and uncertainties, including the failure to complete successfully the development of new or enhanced products, the Company's future capital needs, the lack of market demand for any new or enhanced products the Company may develop, any actions by the Company's affiliates that may be adverse to the Company, the success of competitive products, other economic factors affecting the Company and its markets, seasonal changes, and other risks detailed from time to time in the Company's filings with the U.S. Securities and Exchange Commission. The actual results may differ materially from those contained in this press release. The Company disclaims any obligation to update any statements in this press release.

Contact:
Family Room Entertainment Corp.
Email: info@fmlyroom.com

Info Office
Family Room Entertainment Corp.
info@fmlyroom.com


Source: EIN Presswire