Singularity Future Technology Receives Positive Nasdaq Listing Determination


Singularity Future Technology Ltd. (“Singularity” or the “Company”) (Nasdaq: SGLY) announced today that by a decision dated November 22, 2022, a Nasdaq Hearings Panel (the “Panel”) granted Singularity’s request for continued listing on The Nasdaq Stock Market (“Nasdaq”), subject to the Company evidencing compliance with Nasdaq’s filing requirement on or before February 28, 2023, and certain other conditions. The Company is working to file its delinquent periodic reports with the Securities and Exchange Commission as soon as practicable and thereby timely evidence compliance with the terms of the Panel’s decision. However, there can be no assurances that the Company will be able to do so.


Former Vice-Chairman of Nasdaq, Sandy Frucher, joins OwlTing’s board of directors


OwlTing Group, a blockchain technology company, announces that Meyer Sandy Frucher, a former Vice-Chairman of Nasdaq, has joined the company’s board of directors. OwlTing’s success in its home market in Taiwan has proven the company has a compelling value proposition that is ready for international competition. Mr. Frucher’s appointment comes as the firm focuses on scaling globally.

Mr. Frucher’s service with Nasdaq began in 2008 when, as CEO of the Philadelphia Stock Exchange (PHLX), he negotiated it’s acquisition by Nasdaq. Continuing on as Vice-Chairman of Nasdaq, he led Nasdaq’s relationships with international exchanges, representing Nasdaq on the board of directors of the World Federation of Exchanges. He continues to represent Nasdaq on the board of the Options Clearing Corporation (OCC), where he is the longest-serving board director.

“Stock Exchanges have enabled capital formation and job growth in the most developed countries, but far too many companies in the developing world have been left behind, unable to absorb the enormous costs of public listing or Environmental, Social and Governance reporting capabilities, and in some cases, simple payment systems. OwlTing’s affordable blockchain solutions are game-changing for growing companies around the world. I’m excited to support the management team’s global ambitions,” Mr. Frucher stated.

“Blockchain are systems of automated trust. This industry is in its infancy. Consumers and regulators alike are changing their expectations. Consumers want proof that their goods did not exploit vulnerable people and investors want proof that their portfolio companies are reducing their carbon emissions. Shortages and trade disruptions are causing companies to reconsider their supply chains and whether automation via smart contracts can improve their bottom line. Distributed ledgers and blockchain have transformative potential for a world with new expectations,” said Mr. Frucher.

OwlTing provides easy access to blockchain solutions for industries such as finance, hospitality, agriculture, logistics and mobility that share needs for cost-effective resilience and transparency in the digital era.

OwlTing’s strategic partners include SBI Holdings, the leading Japanese financial technology company, which placed a significant investment in OwlTing in 2018.

“SBI Group has been deeply engaged in the blockchain, fintech and asset management space,” stated Yoshitaka Kitao, CEO of SBI Holdings. “Investor demand in the blockchain sector has remained strong, and this reflects the growth potential and investment opportunities in the digital economy. OwlTing has been at the forefront of revolutionizing the blockchain landscape. I look forward to having Sandy on board and believe that his unparalleled experience will accelerate the company’s growth and expedite the development and delivery of various blockchain innovations around the world.”

Darren Wang, Founder and CEO of OwlTing said, “It is our pleasure to welcome Sandy to the OwlTing Group. Sandy’s embrace of technology at PHLX was visionary, and his leadership at Nasdaq and in the global exchange community guided the transformation of capital markets in the internet era. We are very early in the blockchain era, only recently moving from predictions and ‘hype’ to applications in production. Sandy’s experience in transforming capital markets and his global relationships will guide our growth strategy and add to our momentum.”


Trimble MX50 LiDAR System Expands Mobile Mapping Portfolio


Trimble (NASDAQ: TRMB) introduced today the Trimble® MX50 mobile mapping system for asset management and mapping—a new addition to its established mobile mapping portfolio. This vehicle-mounted mobile LiDAR system is a mid-range option for first-time mobile mapping users and experienced providers to expand their equipment fleet with precise, high-volume data capture technology that works in conjunction with Trimble’s geospatial software solutions.

By providing clean and accurate data of ground surfaces, the Trimble MX50 is a practical choice for highway and road inspection and maintenance organizations; city, state and local governments; public utilities; contractors; and survey companies wanting to expand their service capabilities.

The Trimble MX50 features new Trimble-designed profiling lasers for high-accuracy data collection, a 360-degree panoramic camera and a GNSS/IMU positioning system from Applanix, a Trimble Company. The system produces dense point clouds and immersive imagery for surveying and mapping accuracy, and works with Applanix POSPac, Trimble Business Center and the Trimble MX software suite. The Trimble MX50 also expands the company’s mobile mapping portfolio, which includes the widely adopted Trimble MX9 system for large scanning and mapping missions and the highly portable Trimble MX7 for capturing precisely positioned street-level imagery.

“The Trimble MX50 reduces the complexity of mobile mapping while enabling users to be more productive and efficient in mapping and managing assets, and maintaining highways and roads,” said Jacek Pietruczanis, business area Director for Mobile Mapping, Trimble Geospatial. “Combined with Trimble’s complete software field-to-finish workflow, the MX50 enables users to take control of the data they have captured from the comfort and safety of their vehicle.”

The Trimble MX50 is available now through Trimble Geospatial Distribution Partners. For more information, visit:


Elbit Systems Announces Rating of “ilAA” (Local Scale), With a Stable Outlook, by S&P Global Ratings Maalot Ltd., for Potential Notes Offering by Elbit Systems


Elbit Systems Ltd. (NASDAQ: ESLT) (TASE: ESLT) (“Elbit Systems” or the “Company”) announced today, following its announcement from June 10, 2021 of a potential notes offering in Israel (the “Offering”), that S&P Global Ratings Maalot Ltd., an Israeli rating agency (“Maalot”), announced today that it had assigned an “ilAA” (on local scaling) issuer rating to the Company, and an “ilAA” rating with a stable outlook, to the potential new notes that may be issued by the Company, in an aggregate amount of approximately NIS 1.2 billion (approximately $370 million) nominal value.

Maalot’s official rating report in Hebrew will be submitted to the Israel Securities Authority and the Tel Aviv Stock Exchange (the “TASE”). An unofficial English translation of Maalot’s rating report will be submitted by the Company on Form 6-K to the U.S. Securities and Exchange Commission.

The execution, timing, terms and amount to be raised in the contemplated Offering have not been finally determined and are subject to further approval of the Company’s Board of Directors and the approval of the TASE. There is no assurance that the Offering will be completed.

Any securities, if offered, will not be registered under the U.S. Securities Act of 1933, as amended (the “Securities Act”), and may not be offered or sold in the United States or to U.S. Persons (as defined in Regulation “S” promulgated under the Securities Act) without registration under the Securities Act or an exemption from the registration requirements of the Securities Act. Any offering of securities pursuant to the Company’s shelf prospectus dated September 30, 2020 and any shelf offering report, if made, will be made only in Israel. This announcement shall not constitute a solicitation or an offer to buy any securities.


Altair Announces Latest Release of Simulation Solutions


Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announces the release of its latest simulation solutions, including comprehensive computational fluid dynamics (CFD) and expanded capabilities in electronic system design (ESD). Updates include all major CFD solutions under a single license, expanded end-to-end electronic system design capability, and seamless access to the cloud.

“Throughout our 35-year history, Altair has developed and acquired countless specialized technologies to solve even the most challenging CFD problems,” said James R. Scapa, founder and chief executive officer, Altair. “We are proud to have the industry’s most robust CFD offering whose breadth and depth is unparalleled and can efficiently and effectively address a broad range of multidisciplinary challenges.”

Unparalleled breadth of CFD solutions under a single license

Altair CFD™ is a cost-effective alternative to purchasing individual tools from multiple software vendors by delivering all major CFD solutions under a single license including:

  • General purpose fluid dynamics and thermal simulation leveraging the Navier-Stokes (NS) method
  • Simulation of oiling, sloshing and mixing with smoothed-particle hydrodynamics (SPH)
  • External aerodynamics simulation using the Lattice Boltzmann method (LBM)
  • Simulation of particle fluid systems with the discrete element modeling (DEM) method
  • Modeling of complex, integrated thermo-fluid systems leveraging Altair’s unique system modeling technology

This ensures engineering teams always have the most appropriate technology available for each application, reducing modeling and product development times. Altair CFD provides advanced capabilities including coupling between several different CFD applications as well as with other applications such as structural analysis, etc.

Additionally, the LBM and SPH codes in Altair CFD were written from the ground up using native graphics processing unit (GPU) codes, enabling faster simulations, more design exploration, and improved product performance.

Expanded end-to-end electronic system design capabilities
Altair’s electronic system design toolset has a new thermal management workflow to enhance the design of electronic devices. In addition to the existing Altair SimLab™ workflows for structural stress, vibration, and drop-test performance, product engineers can now ensure the cooling of printed circuit boards (PCBs) and complete systems to prevent overheating, product reliability issues, or expensive late-stage redesigns.

Smart connected devices increasingly need high-speed memory. Altair PollEx™ has added signal integrity automation for double-data rate (DDR) memory interfaces, enhancing optimization of DDRx timing, transmission lines, topology, and terminations. Other improvements include additional power integrity simulation and the capability to export PCB layers for thermal management analysis. For more information about the latest enhancements to Altair’s ESD solutions, register for the upcoming “Modern Electronic System Design Webinar Series.”

Zero-download simulation in the cloud with Altair One
Altair One is a single portal for Altair’s products, accessible anywhere via standard workstations, PCs, laptops, and mobile devices. Users can launch simulation applications in the cloud from a single interface with easy access to resources that are on-premises, in the cloud, or a hybrid. Product teams can increase simulation-driven design collaboration by securely uploading, accessing, storing, and managing data using the Altair One drive.

Altair One does not require additional capital expenditures on complex IT and can scale immediately in response to peaks in workload. It also empowers users to provision turnkey, scalable appliance clusters across all major cloud providers including Amazon AWS, Microsoft Azure, Oracle Cloud Infrastructure, and Google Cloud Platform.

Flexibility is further enhanced by Altair Units, Altair’s patented, subscription-based licensing model, which allows organizations to pay only for what their employees need, when they need it. This includes the new Product Engineer bundle that automates and simplifies complex analysis tasks for multiple physics.

For more information about the latest updates to the Altair simulation suite, visit or register to attend the “Discover Altair CFD” webinar


Altair One Cloud Platform Delivers Most Advanced Environment for Collaborative, Data-driven Design and Development


Altair (Nasdaq: ALTR), a global technology company providing solutions in simulation, high-performance computing (HPC), and artificial intelligence (AI) announced general availability for a host of new features and functionality in Altair One, a fully integrated platform that brings together the company’s entire product suite and HPC capabilities to facilitate seamless collaboration and faster time-to-market. Eliminating the boundaries between computer-aided engineering (CAE) and data analytics, Altair One delivers access to a unified development environment and offers multi-disciplinary teams the on-demand HPC critical to complete complex projects quickly and efficiently.

“Altair One provides a modern, single pane of glass approach to leverage HPC and cloud resources for running computational science applications anywhere and everywhere at scale, which is key to optimizing outcomes and achieving faster time-to-value,” said James R. Scapa, founder and chief executive officer, Altair. “With the launch of Altair One, we are empowering our customers with all the software and tools to seamlessly manage hybrid on-premises and cloud HPC resources to process workloads in the most cost-efficient and fastest way possible.”

The instant availability of Altair’s HPC resources means that designers, engineers, and data scientists can run their complex projects without any need for the support of in-house HPC infrastructures. Altair One offers the ability to provision turnkey, scalable appliance clusters across all major cloud providers including Amazon AWS, Microsoft Azure, Oracle Cloud Infrastructure, and Google Cloud Platform in just a few mouse clicks.

The launch of Altair One establishes a robust roadmap of progressive development in features and functionality. By providing organizations the flexibility to seamlessly migrate workloads between cloud providers and on-premises environments, Altair One empowers teams to pivot quickly and embrace new technology while avoiding vendor lock-in.

Anytime, anywhere access to world-class tools and HPC

Altair One is a single portal for Altair’s products, accessible anywhere via standard workstations, PCs, laptops, and mobile devices. Users also have access to exclusive Altair One tools including:

  • Altair DesignAI™ – Combines physics-based simulation-driven design and machine learning-based AI-driven design to create high-potential designs earlier in development cycles
  • Altair Material Data Center™ – A multi-domain material properties repository to help create sustainable, efficient, minimum-weight designs

“Altair is a leader in simulation, HPC solutions and workload management. Altair One is a key differentiator because of its ability to provide seamless access to the cloud and delivers unmatched value for Altair’s customers,” said Nidhi Chappell, GM Workload Optimized Compute, Microsoft.

“The integration of Altair One with Oracle’s next-generation cloud infrastructure provides customers the ability to leverage fast and scalable computing in a highly secure environment – including bare-metal HPC servers and GPUs – for complex simulations,” said Clay Magouyrk, executive vice president, Oracle Cloud Infrastructure. “Together, Oracle Cloud Infrastructure and Altair One put the power of HPC at the fingertips of customers everywhere – without having to purchase expensive hardware, leading to improved productivity and optimized resource utilization.”

Data-driven development with AI- and ML-enabled analytics

Altair One facilitates a truly data-driven approach to product development. Designers, IT specialists, and the C-suite can build deeper insight and reach better decisions faster with Altair’s AI and machine learning (ML) enabled data analytics and data management tools. Diverse teams can work on the same models, with ubiquitous access ensuring effortless knowledge sharing and data transfer. The full value of both current and historic simulation and analysis is therefore realized.

Flexible, scalable HPC support

Altair One provides simple HPC access portals for end-users and intuitive management portals for IT administrators. Powered by Altair PBS Works™, Altair One leverages the same workload management technology used by many of the world’s Top 500 HPC systems and foremost supercomputing centers. Altair One does not require additional capital expenditures on complex IT and can scale immediately in response to peaks in workload.

Flexibility is further enhanced by Altair Units, Altair’s patented, subscription-based licensing model that allows organizations to pay only for what their employees need, when they need it.

Additional notable features in Altair One include the ability to:

  • Launch applications in the cloud instantly with zero download
  • Run complex HPC solver jobs in the cloud within a simple, intuitive user experience
  • Provision turnkey, scalable appliance clusters in just a few mouse clicks
  • Securely upload, access, store, and manage data using the Altair One drive

JazzCash Launches New App for Business Owners


VEON Ltd. (NASDAQ and Euronext Amsterdam: VEON), a leading global provider of connectivity and internet services, announces that Pakistan’s pioneering digital financial services provider, JazzCash, has successfully launched a Business App for its expanding merchant base.

The JazzCash Business App aims to make digital payments more efficient and seamless for business owners, company managers and home businesses, enabling them to kickstart the digital payment acceptance process without having to go to a bank.

Whereas previously merchants were able to use the JazzCash Customer App for accepting QR transactions, sending or receiving money and paying bills, the new Business App includes advanced business-related tools.

These include the ability to generate a QR code for specific amounts in real time and to send customisable digital invoices to customers, as well as to monitor sales and transactions and to conduct salary disbursements and supplier payments with ease.

Commenting on the launch, Erwan Gelebart, CEO of JazzCash, said: “JazzCash aims to cultivate a cashless economy and is committed to introducing innovative products and services that offer faster, more transparent and secure payment solutions. We identified a need for a one-stop digital solution in the SME sector, which still lacks the tools and resources to adopt digital transformation, and created this business app to manage their financial requirements. By taking advantage of secure, real-time payments, these businesses will witness higher efficiencies and benefit from a thriving digital ecosystem.”

JazzCash has a rapidly-growing merchant base of over 100,000 registered merchants. It is committed to innovating customer-focused products and services that promote the development of Pakistan’s digital economy.

Business owners can self-onboard to the new Business App by registering themselves via a few simple steps online.


Future Fintech Announces Framework Agreement to Purchase Antminer Bitcoin Mining Machines


Future FinTech Group Inc. (NASDAQ: FTFT) (“hereinafter referred to as Future FinTech”, “FTFT” or “the Company”), a leading blockchain-based e-commerce business and a fintech service provider, announced today that on March 26, 2021, the Company signed a framework agreement (the “Frame Agreement”) with Nanjing Shunru Electronic Technology Co., Ltd. (“Nanjing Shunru”) to purchase approximately 20,000 Antminer bitcoin mining machines, which will provide a combined 200 Petahash per second (PH/s) hash rate, which accounts for about 0.12% of Bitcoin’s total hash rate capacity. Mining hash rate is an important security metric in terms of verifying bitcoin transactions; high hashing or computing processing power means greater system security for Bitcoin transactions. The Frame Agreement is non-binding except for the ‘Confidentiality and Exclusivity’ and ‘Applicable Law and Dispute Resolution’ sections of the agreement.

According to the Frame Agreement, Nanjing Shunru will provide no less than 20,000 Antminer mining machines to Future FinTech and guarantees a total Bitcoin hash rate of at least 200 PH/s for at least 180 days per year. Should the hash rate be less than 200 PH/s, Nanjing Shunru must supplement the corresponding hash rate with additional Antminer mining machines within a five-day period with no additional cost to FTFT. The mining machines will be delivered pending further due diligence on the part of the Company and a definitive agreement by the parties. The purchase price of such Antminer miner machines is RMB 50 million (approximately $7.6 million), of which RMB 10 million (approximately $1.5 million) will be paid in cash, and the remaining RMB 40 million (approximately $6.1 million) will be paid in FTFT common stock.

Mr. Shanchun Huang, Chief Executive Officer of Future FinTech, commented, “The recent sharp increase in the price of Bitcoin has provided us with the opportunity and economic incentive to develop an encrypted digital currency mining business. The signing of the mining machine acquisition frame agreement is the first step for us to move into the bitcoin mining field. We will continue to optimize the Company’s comprehensive platform in the field of cryptocurrency mining and blockchain technology services to maximize returns to our shareholders.”


Canonic of Evogene Group and Tikun Olam (Israel)-Cannbit, sign production and distribution agreements for Canonic products in Israel


Canonic Ltd., a subsidiary of Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN), focused on the development of medical cannabis products and Tikun Olam-Cannbit Pharmaceuticals Ltd. (TASE: TKUN), a leading medical cannabis company, today announced that they have entered into agreements for the production and distribution in Israel of Canonic’s medical cannabis products. Canonic’s first product is expected to be launched in Israel next year.

Based on the Israeli Medical Cannabis Agency (IMCA)1, at the end of 2020 there were approximately 80,000 active patients in Israel, which translates to approximately $260 million sales of medical cannabis products per year2.

According to the production agreement, Tikun Olam Production (Israel) will produce Canonic’s medical cannabis products at its factory complying with IMC-GMP standards using Canonic’s raw materials, under the Canonic brand. The agreement is not exclusive for either party and consideration paid will be based on the scope of production and related services provided. The agreement is for a period of two years or the production of products from 700kg of raw material, whatever is the earliest.

According to the distribution agreement, Tikun Olam Supply and Distribution (Israel) will distribute in Israel Canonic’s medical cannabis products, through its distribution channels, on a consignment basis to its or other licensed pharmacies, under the Canonic brand. The initial term of the agreement is 18 months. Consideration to be paid by Canonic will be based on a percentage of sales and for related services.

As previously disclosed, Canonic’s strategy is to establish a value chain from genomics to end- product, with cultivation, production and distribution to be performed by established sub-contractors. Tikun Olam-Cannbit is a well-recognized, leading producer, and distributor of medical cannabis in the Israeli market. With these new agreements, Canonic looks forward to benefiting from Tikun Olam-Cannbit’s capabilities and proven expertise as its first products are introduced to the market next year.

Mr. Avinoam Sapir, CEO of Tikun Olam–Cannbit Pharmaceuticals, stated: “This is another step that increases the scope of activity in our state-of-the-art production plant, which combines advanced mechanization and technologies with the vast experience and unique knowledge we gained over the years to create medical cannabis products with very high therapeutic efficacy. We are proud to partner with Canonic. These agreements align with our strategy of increasing the revenue stream from providing production services from manufacturing, laboratory tests, transportation, and more.”

Dr. Arnon Heyman, CEO of Canonic, stated: “We look forward to partnering with Tikun Olam-Cannbit, a leading Israeli medical cannabis company. Signing our first production and distribution agreements with Tikun Olam-Cannbit, an established producer and distributor in the Israeli market is expected to support the successful launch of Canonic’s first products in 2022.”


2020 Year in Review: CVCA Venture Capital Canadian Market Overview: VC Investment in 2020 closes at CAD $4.4B – Lower than 2019 but the Second Highest on Record


The Canadian Venture Capital and Private Equity Association (CVCA) today released its newly redesigned year-end report focused on Canadian venture capital. Amid the COVID-19 pandemic, VC investment in 2020 was the second-highest level of annual VC investment based on existing CVCA records, with CAD $4.4B across 509 deals, second only to 2019. Total dollars invested in 2020 was higher than the five-year average ($3.8B and 517 deals in 2015-2019) with a lower number of deals.

The momentum of VC-backed exits is on track relative to previous years, with a total of 38 exits in 2020, which is only slightly below the 5-year average of 40 exits. BC-based biotech company Abcellera was the largest exit in 2020, listing on NASDAQ with a market cap of $6.7B, making it the largest exit on record. Also notable is the Newfoundland-based fintech company Verafin acquisition by Nasdaq Inc. which was announced in Q4 2020 for $3.49B CAD.

“The second half of 2020 has demonstrated a real resiliency in the venture capital market,” said Kim Furlong, Chief Executive Officer, Canadian Venture Capital and Private Equity Association. “The long-term health of the Canadian innovation ecosystem, including venture investment, is critical as we continue to navigate the impacts from the COVID-19 pandemic. It is imperative that we continue to grow the capital available to Canadian entrepreneurs. Venture capital is vital to Canada’s economic recovery and future growth.”

Information communications technology (ICT) companies received the majority (55%) of total VC dollars invested in 2020 (CAD $2.4B over 284 deals) while life science companies received 26% of dollars invested (CAD $1.1B over 89 deals) and clean tech companies received 2% (CAD $101M over 22 deals)

In partnership with Prospect, the CVCA is pleased to include employment numbers once again for VC-backed companies in Canada. A total of 26,277 people were employed by VC-backed companies as of Q4 2020. These employment numbers represent only those positions in VC-backed companies that received VC funding as of Q4 2020. Prospect is a free and fully aggregated talent network built by-and-for the Canadian tech startup ecosystem.