Category: MENA

Chartis also recognized Quantexa’s Decision Intelligence Platform AI capabilities for specialized applications in tax fraud detection and government use cases

LONDON, Sept. 09, 2024 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that it has been recognized as a Category Leader in the RiskTech Quadrant^® for Enterprise Fraud Solutions in Chartis Research’s Enterprise and Payment Fraud Solutions, 2024 Market Update and Vendor Landscape report. The positioning as a leader reflects Quantexa’s strong performance across multiple key criteria, particularly in advanced fraud detection techniques and its robust platform for fraud analytics.

The annual Chartis Market Update and Vendor Landscape report notes several key themes in the market for anti-fraud solutions. These include the growing role of generative AI in automation and the co-piloting of fraud solutions. The report explains how vendors are using new cutting-edge technology to address their clients’ evolving needs in the fraud landscape. Quantexa’s inclusion as a Category Leader recognizes its innovative and comprehensive platform approach, integrating workflow with knowledge graph analytics and addressing the constant evolution of challenges in identity risk and application fraud.

Quantexa has also been recognized as one of the top vendors in the inaugural Chartis RiskTechAI 50 2024 ranking and research report. The Chartis RiskTechAI 50 Report ranks global AI solutions in risk technology and has acknowledged Quantexa’s ability to use AI for specialized applications in tax fraud detection and government use cases. In the report, Quantexa technology has been commended in two categories: ‘Advanced tax fraud capabilities’ and ‘AI for government applications.’

This recognition underlines Quantexa’s industry leading expertise in leveraging AI for specialized applications in tax fraud detection and government use cases.

This recognition comes at a pivotal time for Quantexa, as the company continues to roll out its Q Assist technology, supporting customers to succeed in AI deployments. This technology suite allows Quantexa customers to operationalize generative AI for transformational gains without significant investment in infrastructure, tooling, and additional skilled resources.

Q Assist brings generative AI capabilities to Quantexa’s Decision Intelligence Platform.
View the full video

Ivan Heard, Global Head of Fraud Solutions at Quantexa, said: “Being ranked among other category change-makers by Chartis inspires us to continue exceeding in advanced, AI-driven fraud detection techniques. The recognition that we’re a best-in-class solution validates that we’re providing our customers with some of the strongest capabilities in emerging fraud types like APP and mule detection. Our aim is always to address the evolving challenges that our clients are facing in the changing world of fraud by developing top fraud detection techniques that out-class traditional approaches and ensuring the latest advancements in AI for clients to better understand their customers.”

Maryam Akram, Research Principal at Chartis, added: “Quantexa’s innovative use of AI and machine learning to collect, prepare, process, and analyze data, as well as to automate business processes across such areas as entity resolution and business intelligence, secured its position and awards in the RiskTechAI ranking. Its platform enables and integrates a wide array of AI and machine learning techniques, both supervised and unsupervised, to deliver advanced capabilities.”

“The fraud landscape is changing, as complexity increases exponentially there’s a strong need for a deep understanding of risk – and Quantexa’s highly unique and innovative approach to fraud management reflects this change,” said Nick Vitchev, Research Director at Chartis. “Quantexa is able to combine a multitude of fraud and risk signals and identify hard to detect linkages, providing a compelling way to manage large-scale fraud investigations, as well as some of today’s core fraud methodologies (such as APP fraud and mule detection).”

To learn more about Quantexa’s advanced tax fraud and AI for government capabilities, visit here.

About Quantexa
Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 750 employees and thousands of platform users working with billions of transactions and data points across the world.

Media Enquiries
C: Stephanie Crisp, Fight or Flight
E: [email protected]
OR
C: Adam Jaffe, SVP of Corporate Marketing
T : +1 609 502 6889
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Nikkiso CE&IG and GTT team members

TEMECULA, Calif., Sept. 05, 2024 (GLOBE NEWSWIRE) — Nikkiso Clean Energy & Industrial Gases Group, part of Nikkiso Co. Ltd.’s Industrial Business segment, and GTT announced today they have entered into a partnership to support the LNG-fueled cargo shipping market. The partnership between Nikkiso CE&IG and GTT brings together cutting-edge engineering and technology for LNG membrane containment and process systems and best-in-class hardware, global manufacturing and technical integration competencies.

GTT’s patented Recycool technology ensures boil-off gas (BOG) is recovered and managed safely to avoid unwanted emissions and improve fuel efficiency. Integrated with Nikkiso’s high-pressure fuel gas pump skids, the partnership provides ship owners with enhanced performance by maintaining reliability durability and efficiency to give customers a competitive edge in the market.

“Our partnership with GTT and complementary expertise advances the growth of both companies in the LNG-fuelled shipping market,” said Nikkiso Clean Energy & Industrial Gases CEO Adrian Ridge. “This strength is evidenced by the first large order for 10 container ships, and we expect more awards in the future.”

Jean-Baptiste Choimet, Chief Executive Officer of GTT, stated: “I’d like to thank the Nikkiso team for their support and collaboration. With GTT’s expertise in reducing boil-off rates through our membrane technology, the Recycool system now provides LNG-fueled vessels with effective solutions for managing boil-off and lowering their carbon footprint. The adoption of Recycool by leading Chinese and Korean shipyards reflects the industry’s trust in this solution.”

The value of this partnership has already been recognized by large ship owners with a recent award from a leading shipping operator and numerous projects under negotiation for a variety of ship types.

About Nikkiso Clean Energy & Industrial Gases Group

The Nikkiso Clean Energy & Industrial Gases Group is a leading provider of cryogenic equipment, technologies and applications for clean energy and industrial gas market segments. The Group employs more than 1,700 people in 22 countries and is headed by Cryogenic Industries, Inc. in Southern California, U.S., which is a wholly owned subsidiary of Nikkiso Co., Ltd. (TSE: 6376).

Media contact
[email protected]

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AI-Media at IBC2024

LONDON, Sept. 05, 2024 (GLOBE NEWSWIRE) — AI-Media, the leader in live video captioning and subtitling solutions, is set to unveil a suite of groundbreaking updates to its Alta platform at the International Broadcasting Convention (IBC) 2024 happening in Amsterdam, 13-16 September. As broadcasters across the globe seek to modernize workflows and improve accessibility, AI-Media continues to deliver innovative solutions that address the industry’s most pressing challenges.

Strategic Focus at IBC 2024

At IBC 2024, AI-Media will focus on expanding its footprint in the European market with its LEXI broadcast workflow, emphasizing solutions that deliver cost savings and workflow efficiencies. The primary highlights will include:

• LEXI Live AI-Powered Captions: Offering hands-on trials to demonstrate the power, low-latency and accuracy of AI-Media’s automated captioning.
• Gold standard SDI and video IP caption encoder tech trusted by major global broadcasters.
• File-based Solutions: Promoting new solutions for video-on-demand captioning workflows.
• Multilingual Captions and Translation: Showcasing solutions that support multiple languages to cater to diverse audiences.
• Innovation Station: showcasing new tech on the horizon including LEXI Live Voice dubbing, LEXI automated audio description, generative AI topic modelling, automated sound effects recognition plus more.

AI-Media’s Value Proposition

For EMEA broadcasters, AI-Media offers turnkey subtitling solutions that integrate seamlessly into existing workflows, backed by over 20 years of in-field experience and a proven track record of delivering cost savings and workflow efficiencies for their customers. As a trusted partner to major broadcasters globally, AI-Media is committed to ongoing investment and innovation in subtitling solutions.

Revolutionary Alta Platform Enhancements

AI-Media’s latest updates to the Alta platform underscore the company’s commitment to delivering cutting-edge technology for live video captioning and subtitling:

• SMPTE ST 2110-43 Support: AI-Media’s Alta now supports outputting live captions in a 2110-43 stream, leveraging the popular standard for transporting Timed Text Markup Language (TTML) within 2110 streams. This enables broadcasters to send non-Latin character sets in low bandwidth and facilitates easy integration with third-party systems, as well as conversion to online formats for OTT distribution.
• Audio Dubbing Capabilities: LEXI audio dubbing support in Alta TS. Broadcasters will be able to create synthetically dubbed audio tracks in multiple languages, which can be inserted into MPEG TS output streams, offering new layers of accessibility.
• SCTE Trigger Automation: Alta’s LEXI triggering automation enables automated control of captions during ad breaks. LEXI captions will automatically pause, or resume based on SCTE triggers, streamlining ad break management. Triggers can also be used to position captions.
• DVB Subs Customization: Alta TS now allows end users to configure DVB Subs/bitmap caption appearance, including font size, colours, and positioning. This supports image-based characters, expanding accessibility for Asian languages.
• Google Cloud Deployment: In addition to AWS, Alta is now deployable in Google Cloud, providing broadcasters with more cloud-based alternatives to enhance their operations.

The latest updates to the Alta platform are game-changers for broadcasters, offering unparalleled automation, flexibility, efficiency, and accessibility enhancements that meet the demands of modern media environments, from cloud-native deployments to advanced automation and multilingual support.

Visit AI-Media at IBC 2024

Experience AI-Media’s latest innovations at IBC 2024 and discover why broadcasters worldwide trust AI-Media to transform their captioning workflows. To book a 1:1 meeting click HERE. For more information, visit ai-media.tv.

Watch an interview between James Ward, Chief Sales Officer at AI-Media and TVB Europe about AI-Media’s planned showcase for IBC Show 2024.

About AI-Media

Founded in Australia in 2003, AI-Media is a pioneering technology company specialising in AI language and captioning workflow solutions.

As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide.

For the first time in February 2024, AI-Media unveiled groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional more expensive human workflows.

With deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity of their content.

AI-Media (ASX: AIM) commenced trading on the ASX on 15 September 2020.

Media Contact: Fiona Habben – [email protected]

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Representing Lantronix’s Global and Diverse Partner Ecosystem, SmartEdge Winners Deliver Lantronix’s Award-Winning Solutions to the World

IRVINE, Calif., Sept. 04, 2024 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global leader of compute and connectivity IoT solutions, today announced the winners of its 2024 SmartEdge Partner Program Awards, highlighting its top channel partners in North America; Asia Pacific; and Europe, Middle East and Africa.

“This year’s SmartEdge Partner Program winners are driving worldwide sales and developing relationships with our mutual customers, contributing to Lantronix’s position as a global compute and connect leader that is enabling edge intelligence with award-winning solutions for AI, Embedded, IoT and IT applications,” said Kurt Hoff, VP of Worldwide Sales at Lantronix. “We applaud their efforts and look forward to many more years of continued mutual success.”

Lantronix’s 2024 SmartEdge award winners are:

North America
SmartEdge Partner of the Year: TD Synnex
SmartEdge Innovation Partner: WWT
SmartEdge Software & Services Partner: Charter

Asia Pacific (APAC)
SmartEdge Partner of the Year: Nexty
SmartEdge Innovation Partner: Shanghai Scopecon Technology Co., Ltd.
SmartEdge Software & Services Partner: Sheeltron Digital Pvt. Ltd.
SmartEdge Newcomer: EDOM

Europe/Middle East/Africa (EMEA)
SmartEdge Partner of the Year: Atlantik Elektronik GmbH
SmartEdge Innovation Partner: Linkwave
SmartEdge Software & Services Partner: SOL
SmartEdge Newcomer: Netsecurity

For over two decades Lantronix has been providing its channel partners with a suite of reliable, secure and easy-to-deploy solutions, including out-of-band management, switches, system of modules (SoM) and trackers. As a global leader, Lantronix helps its customers increase productivity, all while supported by the exceptional Lantronix service team. Lantronix’s channel partners serve as an important part of the Lantronix customer support ecosystem.

“Winning the Lantronix SmartEdge channel partner award signifies our exceptional success as a valued channel partner for the EMEA region, bringing advanced solutions to leading organizations throughout the world,” stated Albert Windmeisser, line manager at Atlantik Elektronik GmbH.

“We are honored to win the prestigious SmartEdge award from Lantronix, a global leader in technology,” stated Steven Chaung, senior director at EDOM Technology Co Ltd. “Validating our position as one of Lantronix’s top channel partners in the APAC region, we are grateful to partner with Lantronix in bringing its innovative, award-winning solutions to the world’s leading organizations.”

“We are very proud to win Lantronix’s SmartEdge award, which acknowledges our success as a top channel partner for North America,” stated Ryan Abel, chief revenue officer at Charter Communications. “We are pleased to bring Lantronix’s exceptional AI, Embedded, IoT and IT solutions to the world.”

Lantronix’s SmartEdge Partner Program is designed to help Value-Added Resellers (VARs) and Systems Integrators (SIs) drive revenues by differentiating their offerings with Lantronix’s innovative Industrial Internet of Things (IoT), Out-of-Band Management (OOBM) and Mobility/Connectivity solutions.

For more information on the Lantronix SmartEdge Partner Program, visit https://www.lantronix.com/partners/.

About Lantronix

Lantronix Inc. is a global leader of compute and connectivity IoT solutions that target high-growth industries including Smart Cities, Automotive and Enterprise. Lantronix’s products and services empower companies to succeed in the growing IoT markets by delivering customizable solutions that address each layer of the IoT Stack. Lantronix’s leading-edge solutions include Intelligent Substations infrastructure, Infotainment systems and Video Surveillance, supplemented with advanced Out-of-Band Management (OOB) for Cloud and Edge Computing.

For more information, visit the Lantronix website.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: This news release contains forward-looking statements within the meaning of federal securities laws, including without limitation statements related to the 2024 SmartEdge Channel Partner Program, including statements about their reliability, security and flexibility industry position. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; our ability to mitigate any disruption in our and our suppliers’ and vendors’ supply chains due to the COVID-19 pandemic or other outbreaks, wars and recent tensions in Europe, Asia and the Middle East, or other factors; future responses to and effects of public health crises; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2023, filed with the Securities and Exchange Commission (the “SEC”) on Sept. 12, 2023, including in the section entitled “Risk Factors” in Item 1A of Part I of such report; in our Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2024, filed with the SEC on May 2, 2024, including in the section entitled “Risk Factors” in Item 1A of Part II of such report; as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2024 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
[email protected]
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
[email protected]
949-450-7241

GlobeNewswire Distribution ID 9224975

Fraud and Security solution is acknowledged for its unique features and integration of advanced AI technologies

LONDON, Sept. 04, 2024 (GLOBE NEWSWIRE) — Quantexa, the global leader in Decision Intelligence (DI) solutions for the public and private sectors, today announced that its Fraud Detection solution has been awarded “Luminary” status in Celent’s 2024 Insurance Fraud Detection Solutions: Property & Casualty Insurance Report. The report highlights Quantexa’s position as a leading provider of advanced fraud detection and investigation solutions. It showcases the impact the solution has on investigative and anti-fraud teams in the insurance industry make when protecting losses and enhancing customer experiences.

Insurance fraud is on the rise; organizations in the UK recorded that false claim applications increased by 20% in the insurance sector in 2023. In the U.S it is estimated that $308.6 billion annually is lost to insurance fraud. Quantexa’s Fraud and Security solution uses AI and ML in its dynamic entity resolution and knowledge graph capabilities to ingest, match, connect, and visualize billions of data records on-demand. These records come from both internal and external sources, providing an advanced, real-time holistic view of fraud risk. Clients can use a range of scoring and anomaly detection features to develop their own detection models self-sufficiently to match their risk appetite, capacity, and book of business.

Quantexa’s solution was recognized by Celent for its differentiation, as it incorporates innovative AI technologies, such as machine learning, deep learning and natural language processing, for predictive modelling and for data quality assessment and context generation. Quantexa’s solution is also highlighted for its ability to be deployed on all major public cloud platforms globally.

The report analyzes 10 fraud detection solution providers based on their technology and functionality. Quantexa’s “Luminary” status puts them in the leadership position in the report. Celent analysts write that “Quantexa stands out as a leading fraud detection platform from both a technology and functionality perspective. Its significant investments, marquee clients, and strong market positioning suggest it will remain a top player in insurance fraud detection.”

Alex Johnson, Global Insurance Industry Lead at Quantexa, said: “Being recognized by Celent as a Luminary in anti-fraud technology validates our ongoing investment into R&D, our future vision, and the value we deliver to our clients across the globe. Leveraging cutting edge entity resolution, knowledge graph, and AI technologies in our offering gives clients the ability to stay one step ahead of bad actors.”

Nathan Golia, Senior Analyst at Celent, added: “We have a thorough process of assessing the solutions that we consider for our Fraud Detection Solutions Report. To achieve Luminary status, Quantexa excelled in both the technical and functional dimensions that we measure. The world is increasingly vulnerable to fraudsters solutions like these are essential to protect insurers, and insurers’ customers.”

To learn more about Quantexa’s “Luminary” fraud detection capabilities, and download the Celent report, visit https://www.quantexa.com/resources/insurance-fraud-report/.

About Quantexa

Quantexa is a global AI, data and analytics software company pioneering Decision Intelligence to empower organizations to make trusted operational decisions with data in context. Using the latest advancements in AI, Quantexa’s Decision Intelligence platform helps organizations uncover hidden risk and new opportunities by unifying siloed data and turning it into the most trusted, reusable resource. It solves major challenges across data management, customer intelligence, KYC, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. An independently commissioned Forrester TEI study on Quantexa’s Decision Intelligence Platform found that customers saw a three-year 228% ROI. Founded in 2016, Quantexa now has more than 750 employees and thousands of platform users working with billions of transactions and data points across the world.

Media Enquiries
C: Stephanie Crisp, Fight or Flight
E: [email protected]

OR

C: Adam Jaffe, SVP of Corporate Marketing
T : +1 609 502 6889
E : [email protected]

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Setting new standards for the projector industry with epic brightness, contrast, and color reproduction—achieved all at once

Laser technology is renowned for delivering unmatched brightness and color over LED and lamp-based systems. However, the trade-off between brightness, contrast, and color has been a significant hurdle for both laser and hybrid laser/LED projectors. Typically, increasing brightness reduces contrast and oversaturates colors, while prioritizing color often results in lower brightness, compromising the overall viewing experience.

JMGO’s MALC 2.0 Triple Laser Optics breaks this barrier, enabling the N1S Series projectors to deliver up to 3,500 ANSI lumens of brightness while simultaneously maintaining an impressive 1,600:1 FOFO contrast ratio and covering 110% of BT.2020 with Δ<1 color accuracy. This means viewers can enjoy lifelike imagery with brilliant brightness, deep contrast, and precise color reproduction—without any compromise in picture quality.

Incorporating nine patented technologies, the MALC 2.0 laser engine also enhances brightness uniformity, reduces laser speckles, and improves optical efficiency—all while significantly lowering production costs. These innovations will be detailed during the press event on September 7 at 2:00 PM.

“The MALC 2.0 Triple Laser Optics embodies our relentless drive to overcome the industry’s toughest challenges,” said Forrest Li, CEO of JMGO. “As the ace of laser projection, we’re always at the forefront of R&D breakthroughs, setting new standards by delivering premium viewing experiences with uncompromised picture quality.”

At booth H20-104, Messe Berlin, JMGO will also debut its new MALC 2.0-powered projectors, including the flagship N1S Ultimate 4K. Attendees can experience these groundbreaking innovations firsthand and participate in interactive activities like the 120S Color Challenge and Space of Imagination, designed to showcase the unique strengths of MALC 2.0.

About JMGO
Since 2011, JMGO has been committed to delivering immersive large-screen experiences with portability and versatility. Integrating functional design and high-quality entertainment, JMGO strives to build an industry-first all-in-one home entertainment ecosystem that encompasses terminal, content, platform, and software for a global market.

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Yiming Zhan

[email protected]

GlobeNewswire Distribution ID 9225024