Investment Empowers Next Stage of Growth and Innovation for Leading Merchant Services Provider

CLEVELAND, Aug. 1, 2024 — Financial Technology company Electronic Merchant Systems (EMS), an industry-leading merchant solutions and payments provider, is pleased to announce a strategic majority investment by BharCap Partners, LLC (“BharCap”), a Greenwich, CT based private investment firm focused on the financial services sector. The investment marks a significant milestone in EMS’ growth journey and enables the company to accelerate growth and enhance its client service offerings. 

EMS offers payment processing solutions for retail and eCommerce merchants through three distinct go-to-market sales channels, with a focus on eCommerce and small-to-medium sized merchants. EMS processes approximately $6 Billion in transaction volume for 25,000 merchants nationwide. With a seasoned leadership team, a scalable platform, and unique distribution channels, EMS is well-positioned to capitalize on growth opportunities and expand its merchant network.

Afshin Yazdian, who joined EMS as CEO and Executive Chairman in 2023, commented, “This is a big moment for EMS and our incredible team, and we look forward to working with a great partner in BharCap. We are now well positioned to continue the transformation of EMS into a leading FinTech Platform. I am grateful for BharCap’s belief in our vision and strategy.  I am excited to work with the team and BharCap to continue to build our amazing organization.”

EMS was previously majority-owned by Jim Weiland, who founded the company in 1988. The company began as a local three-person sales office and has expanded to operate nationwide. Jim will retain a minority ownership stake in EMS and will remain on the EMS Board of Directors post-transaction.

Jim noted, “I could not be happier about the outcome for EMS. Afshin has a proven track record of building great companies and established himself as a highly effective leader who can now take EMS to another level of size and scale. I am also grateful to FT Partners for their support throughout this transaction. I look forward to working with Bharath and the team at BharCap as I believe they are the perfect partner for me and the EMS management team. I admire BharCap’s approach and style when working with founders; it is clear they have walked in our shoes. The BharCap team’s operational and strategic orientation, coupled with their sector expertise, will help drive our next phase of growth. I also would like to thank our dedicated and hardworking employees, who play an integral part in the growth and achievements of EMS. Our company’s success is a reflection of their efforts. I am excited for the growth opportunities that will be available to them as EMS enters this new chapter.”

Bharath Srikrishnan, Co-Founder and Managing Partner of BharCap, noted, “The payment processing industry was the first financial services sub-sector I worked in 24 years ago, and I have always considered it to be one of the most attractive sub-sectors in which to invest. We first met EMS almost a decade ago, and we have deep respect for EMS’ ability to deliver unparalleled service to their partners in the digital economy. As entrepreneurs ourselves, we have tremendous empathy for founders, and are therefore often chosen to be a company’s first capital partner – and we do not take this responsibility lightly. We hope to build on EMS’ great legacy while also leveraging our proven toolkit to help management execute its next phase of innovation and expansion.”

In the past 15 months, BharCap has invested approximately $700 Million of equity, comprising $1.7 Billion in enterprise value, in five companies in the payment processing, insurance services, insurance distribution, wealth management and specialty finance sub-sectors of financial services, in each case backing proven management teams to capitalize on demonstrated secular growth trends.

With BharCap’s investment and partnership, EMS expects to become an active player in the M&A market. In January 2024, EMS further bolstered its distribution channels and significantly expanded its technology stack through the acquisition of Los Angeles, California-based PaymentCloud. 

Ethan Wang, BharCap Co-Founder and Partner, added, “Afshin brings considerable M&A expertise to EMS, which coupled with BharCap’s resources, will enable the company to become a credible acquiror of payment processing businesses and merchant portfolios. We look forward to helping EMS develop into a reliable and repeatable strategic acquiror.” 

In conjunction with BharCap’s investment, BharCap Operating Partners and strategic advisors Raj Date and Karl Mehta will join the EMS Board of Directors alongside Bharath Srikrishnan, Ethan Wang, Jim Weiland and Afshin Yazdian. Both Raj and Karl are financial technology veterans who bring decades of experience to the EMS Board.

Financial Technology Partners (FT Partners) served as exclusive financial advisor and Sullivan & Cromwell along with UB Greensfelder served as legal counsel to EMS. Simpson Thacher & Bartlett LLP served as legal counsel to BharCap. The terms of the transaction were not disclosed.

About Electronic Merchant Systems:  

Headquartered in Cleveland, Ohio, Electronic Merchant Systems is an industry-leading merchant services provider that businesses depend on for their processing needs. Over 25,000 retail, internet, and omnichannel customers nationwide rely on the firm’s diverse suite of modern payment solutions.

From credit card processing and risk management to gateways and virtual terminals, sales software, and web management, EMS offers comprehensive tools that empower businesses to thrive. EMS enables frictionless onboarding, swift underwriting, and exemplary post-approval merchant support. Our operations encompass research and development, underwriting, sales, marketing, and end-to-end innovation. EMS further leverages the robust services of its subsidiaries, MaxxPay, Total Touch, Paysley and PaymentCloud, to drive success for clients. Discover more at https://www.emscorporate.com.

About BharCap Partners: 

BharCap Partners, LLC is a private investment firm investing in businesses across the financial services industry including financial technology and tech-enabled services; insurance distribution and insurance services; and asset and wealth management. BharCap manages over $2 billion of capital across 12 investments. For more information, please visit https://bharcap.com.

Media Contacts:
Delia Cannan / Pamela Greene
Reevemark
212-433-4600
[email protected] 

SOURCE Electronic Merchant Systems

Five Finalists to Receive Messaging and Go-To-Market Coaching and Present to an Expert Panel of Judges and an Audience of Prospective Investors and Customers

FULTON, Md., Aug. 1, 2024 — DataTribe, a global cyber foundry that invests in and co-builds next-generation cybersecurity and data science companies, today opened its call for applications for the 2024 Cybersecurity Startup Challenge. The deadline for submissions is September 27th.

The five Finalists, to be announced on October 18th, will share $25,000 in prize money and work with DataTribe principals and other cybersecurity entrepreneurs to hone and develop their messaging and presentations for a live event in front of a panel of judges, potential investors, and customers on November 13th.

To qualify for participation, interested companies must be pre-Series A with maximum funding not exceeding more than $1.2 million to date. They must also have an Enterprise, Big Data or Cyber Security product, beta, market viable product or concept to present.

“After six Challenges that have seen 20 Finalists selected, $93 million raised, and four successful exits, we’re focused on giving Finalists an even deeper experience. This year, there will be more opportunities to learn from our coaches, to connect with potential investors, and to get in front of prospective customers,” said John Funge, DataTribe Managing Director. “The Challenge this year will begin with DataTribe’s leaders conducting messaging and strategy workshops with each Finalist to help them prepare for the live event. As well, Finalists will get a peek into the DataTribe seed-to-A playbook with coaching on key success factors for cybersecurity companies going from start to series A. Our goal is that every Finalist leaves the Challenge with their pitch and strategy substantially improved and with valuable connections to accelerate funding and customer traction.”

Qualifying companies may submit a proposal that includes a deck and relevant company and product information via the DataTribe website. DataTribe will review submissions for technical merit, market potential, and team readiness. Finalists will be announced on October 18th.

The in-person competition will take place in the DataTribe Challenge Auditorium in Maple Lawn, Maryland, on November 13th. An expert panel of leaders in the cybersecurity field will judge each Finalist’s presentation. These judges include:

• Bob Ackerman, Founder of AllegisCyber and Co-Founder of DataTribe
• George Barnes, Partner at Red Cell and Former Deputy Director of NSA
• Betsy Bevilacqua, Co-founder of Tabiri Analytics and Former CISO of Chainalysis & Butterfly Network
• Arno Van Der Walt, CISO of Marriott International

More judges will be announced before the competition.

In addition to the five Finalists selected to present at the live event, up to 10 additional top applicants will be invited to attend the competition. These companies can join the audience of CISOs, venture capitalists, and cyber industry leaders to watch the Finalist presentations and network.

“Every year, DataTribe is impressed and humbled by the quality of the submissions we receive,” said Mike Janke, Co-Founder of DataTribe. “These entrepreneurs are investing their time, money, hard work, and talent in making the digital world safer. We’re excited to provide a platform to help these startups refine their messaging, hone their fundraising skills, and network with the best in the business.”

To apply for the 2024 DataTribe Challenge, please visit https://datatribe.com/challenge/.

About DataTribe
DataTribe is a startup foundry that invests in and co-builds world-class startups focused on generational leaps in cybersecurity and data science. Founded by leading investors, startup veterans, and alumni of the U.S. intelligence community, DataTribe commits capital, in-kind services, access to an unparalleled network, and decades of professional expertise to give their companies an unfair advantage. DataTribe is headquartered in the Washington-Baltimore metro area in Fulton, Maryland. For more information, visit https://datatribe.com.

Media Contact: Matthew Bowen, [email protected]

SOURCE DataTribe

Congresswomen Barragán and Bonamici Introduce Historic Wave Energy Legislation to Jumpstart Marine Energy as a Clean Energy Solution

WASHINGTON, Aug. 1, 2024 — Eco Wave Power Global AB (publ) (NASDAQ Capital Market: WAVE) (“Eco Wave Power” or the “Company”), a leading, publicly traded onshore wave energy developer, applauds Representatives Nanette Barragán (CA-44) and Suzanne Bonamici (OR-01) for the introduction of the Marine Energy Technologies Acceleration Act, legislation that would invest $1 billion to advance marine energy toward full scale commercialization.

Marine energy harnesses the power from waves, tides, currents, and other water-based resources to generate a clean energy resource that can provide reliable 24/7 clean power to communities.

The Marine Energy Technologies Acceleration Act would provide unprecedented levels of funding to the Department of Energy’s Waterpower Technologies Office for demonstration projects, research and development, detailed resource potential mapping, workforce development, and more efficient permitting processes.

“Nearly 40 percent of the U.S. population lives in coastal communities where marine energy resources are abundant and offer tremendous potential to power our communities with clean, renewable energy, including California,” said Rep. Barragán. “With the Marine Energy Technologies Acceleration Act, we can usher in an emerging clean energy resource to help our nation and our communities meet clean energy and decarbonization goals, reduce pollution, and create high-paying jobs.”

“The scale of the climate crisis requires us to use every possible approach to rapidly transition to a clean energy economy. Marine energy has the potential to tap into the immense power of the ocean, but the industry’s progress has been hampered by inconsistent and limited federal investment. I’m grateful to introduce the Marine Energy Technologies Acceleration Act with Representative Barragán to catalyze the development of the marine energy field and support the coastal communities where technology demonstrations occur. These investments will create good clean technology jobs and reduce climate-warming greenhouse gas emissions,” said Rep. Bonamici.

This federal legislation comes in parallel to the upcoming wave energy demonstration project to be implemented by Eco Wave Power and Shell MRE at Altasea at the Port of Los Angeles, where Eco Wave Power is set to install the first U.S. onshore wave energy pilot station in the coming months. Representative Barragán has already visited Eco Wave Power’s installation site and was impressed by the abundant possibilities for wave energy implementation in California and in the United States.

“We are grateful that representatives Barragán and Bonamici recognized the vast potential of wave energy in meeting the U.S. renewable energy targets and promoting economic growth through the blue economy,” said Inna Braverman, Founder and Chief Executive Officer of Eco Wave Power.  

“The U.S. is becoming a global leader on climate initiatives, and this new federal legislation further demonstrates the U.S. leadership across the world. We believe that wave energy has massive potential, and we will soon be demonstrating our pioneering technology at the Port of Los Angeles and showcasing that wave energy can be a significant force in combating climate change and powering our communities with clean, reliable energy sourced from the endless power of the ocean,” added Ms. Braverman.

“For too long, this useful source of power has had a back seat to investments in other renewable and non-renewable forms of energy,” said Terry Tamminen, CEO of AltaSea. “With this bill, Representative Barragán puts wave and tidal energy on the map — and does so in a very meaningful way.”

The legislation is cosponsored by Representatives Suzanne Bonamici (Ore.), Ed Case (Hawaii), Rashida Tlaib (Mich.), Kevin Mullin (Calif.), Val Hoyle (Ore.), Troy Carter (La.), Salud Carbajal (Calif.), and Anne Kuster (NH).

The full text of the bill can be found here.

About Congresswoman Nanette Barragán

Congressmember Nanette Barragán represents California’s 44^th District.  She sits on the House Energy and Commerce Committee and works on environmental justice and healthcare issues.  She is also Chair of the Congressional Hispanic Caucus (CHC).

About Eco Wave Power Global AB (publ)

Eco Wave Power is a leading onshore wave energy company that developed a patented, smart and cost-efficient technology for turning ocean and sea waves into green electricity.

Eco Wave Power’s mission is to assist in the fight against climate change by enabling commercial power production from the ocean and sea waves.

The Company owns and operates a grid connected wave energy project in Israel, with co-investment from EDF Renewables IL and the Israeli Energy Ministry, which recognized Eco Wave Power’s technology as “Pioneering Technology.”  The Israeli wave energy project marks the first grid-connected wave energy system in Israel’s history.

Eco Wave Power will soon commence the installation of its third and fourth wave energy projects, in the Port of Los Angeles, and in Portugal. The Company also holds a total projects pipeline of 404.7MW.

Eco Wave Power received funding from the European Union Regional Development Fund, Innovate UK and the European Commission’s Horizon 2020 framework program and was honored with the “Global Climate Action Award” from the United Nations.

Eco Wave Power’s American Depositary Shares (WAVE) are traded on the Nasdaq Capital Market.

Read more about Eco Wave Power at www.ecowavepower.com.

*Information on, or accessible through, the websites mentioned above does not form part of this press release.

For more information, please contact the company at:
[email protected]
+97235094017

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995 and other Federal securities laws. For example, the Company is using forward-looking statements in this press release when it discusses potential $1 billion investment to advance marine energy toward full scale commercialization, the potential advantages and benefits of Marine Energy Technologies Acceleration Act, that Eco Wave Power is set to install the first U.S. onshore wave energy pilot station at the Altasea at the Port of Los Angeles in the coming months, and the Company’s belief that wave energy has massive potential and that that wave energy can be a significant force in combating climate change and powering communities with clean, reliable energy. Forward-looking statements can be identified by words such as: “anticipate,” “intend,” “plan,” “goal,” “seek,” “believe,” “project,” “estimate,” “expect,” “strategy,” “future,” “likely,” “may,” “should,” “will”, or variations of such words, and similar references to future periods. These forward-looking statements and their implications are neither historical facts nor assurances of future performance and are based on the current expectations of the management of Eco Wave Power and are subject to a number of factors, uncertainties and changes in circumstances that are difficult to predict and may be outside of Eco Wave Power’s control that could cause actual results to differ materially from those described in the forward-looking statements. Therefore, you should not rely on any of these forward-looking statements. Except as otherwise required by law, Eco Wave Power undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting Eco Wave Power is contained under the heading “Risk Factors” in Eco Wave Power’s Annual Report on Form 20-F for the fiscal year ended December 31, 2023 filed with the SEC on March 28, 2024, which is available on the on the SEC’s website, www.sec.gov, and other documents filed or furnished to the SEC. Any forward-looking statement made in this press release speaks only as of the date hereof. References and links to websites have been provided as a convenience and the information contained on such websites is not incorporated by reference into this press release.

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/ewpg-holding-ab–publ-/r/new-federal-legislation-to-invest–1-billion-to-advance-marine-energy-toward-full-scale-commercializ,c4020487

The following files are available for download:

SAN FRANCISCO, Aug. 1, 2024 — Ballistic Ventures, the venture capital firm dedicated exclusively to funding and incubating entrepreneurs and innovations in cybersecurity, today announced U.S. Army General Paul Nakasone (Retired) joined the firm as Strategic Advisor.

Gen. Nakasone is one of the nation’s top experts in cybersecurity having previously served as commander of U.S. Cyber Command, director of the National Security Agency (NSA), and chief of the Central Security Service. He brings deep expertise and understanding of emerging threats to U.S. national security and global stability. In his advisory role, he will draw on his extensive cybersecurity leadership to assess the firm’s investments and offer strategic support to portfolio companies in the fight against adversarial advances in the cyber domain.

“General Nakasone is uniquely familiar with the most pressing national security threats facing the U.S. today. His incredible leadership skills and mission-driven work, honed throughout his decades-long career, will be highly valuable for our entrepreneurs as they scale their organizations,” said Ted Schlein, co-founder and general partner at Ballistic Ventures. “General Nakasone’s keen ability to bridge the private and public sector gaps make him one of the most respected individuals in Silicon Valley, Washington and beyond, and we’re honored to have his support here at Ballistic.”

“Throughout my career, I learned very quickly that partnerships between the public and private sectors can never be understated,” said Gen. Nakasone. “I’m thrilled to join Ballistic and work alongside the firm’s leadership, whom I know are experts in understanding cyber challenges from a national security perspective and as former cyber operators. I look forward to joining this team to work more closely with the entrepreneurs who are driving innovation and strengthening our cyber defenses.”

Gen. Nakasone is a leading expert in technology advancement and global cyber defense. He was the longest-serving leader of USCYBERCOM and led the NSA, protecting the United States’ digital infrastructure and advancing the country’s cyber defense capabilities. As a U.S. Army officer, he was instrumental in creating the U.S. Cyber Command. He has held command and staff positions across all levels of the Army with assignments in the U.S., the Republic of Korea, Iraq, and Afghanistan. Most recently, Gen. Nakasone joined OpenAI’s board of directors and is the founding director of Vanderbilt University’s Institute of National Security.

Gen. Nakasone joins Ballistic Ventures’ distinguished group of cybersecurity expert advisors. This news follows Kevin Mandia’s recent appointment to general partner as well as Ballistic’s close of its $360 million oversubscribed second fund earlier this year. Learn more about the team by visiting ballisticventures.com/team.

About Ballistic Ventures
Ballistic Ventures is a venture capital firm solely dedicated to early-stage cybersecurity and cyber-related companies. The partners have spent their entire careers defending against every cyber threat conceivable. Members of the firm have founded, operated, and funded over 100 successful cybersecurity firms – including Abnormal Security, AlienVault, ArcSight, Fortify, Mandiant, and Shape Security – led over 10,000 security professionals globally, and have 40+ years of experience in venture capital. The Ballistic portfolio includes Aembit, Alethea, ArmorCode, AuthMind, Codezero, Concentric AI, GetReal Labs, Mimic, Nudge Security, Oligo, Pangea, Perygee, Reach Security, SpecterOps, Talon (PANW), Veza, and WitnessAI. Our experience provides entrepreneurs impactful support from people focused on the same mission. Our networks and relationships open doors for our founders. Learn more at ballisticventures.com.

SOURCE Ballistic Ventures

Eliyahu brings nearly two decades of growth strategy and executive experience at tech giants, including SimilarWeb [NYSE: SMWB] and LivePerson [NASDAQ: LPSN]. As the recent president of Gravyty, she played a pivotal role in integrating AI and innovative technology to enhance community engagement and fundraising efforts for educational institutions and nonprofits. Eliyahu currently serves as a Growth Partner at AnD Ventures, a firm specializing in taking seed-stage start-ups to market. She also promotes the advancement of women in high-tech as a volunteer mentor for Women in Tech Israel.

“Onebeat is perfectly positioned for accelerated growth, thanks to its foundation of deep Industry knowledge, innovative AI technology, and strong market presence,” said Eliyahu. “My goal is to harness this potential and drive significant revenue growth in the coming years, and make inroads toward an IPO that recognizes the singularity of Onebeat’s expertise, technology, and ability to impact the entire retail sector positively. The retail sector notoriously suffers from razor-thin profit margins. Few, if any, technology providers have the efficacy to make a direct and meaningful impact on retailers’ margins in the way that Onebeat does.” 

“We are thrilled to welcome Sevonne Eliyahu to our team,” said CEO Dr. Yishai Ashlag. “The U.S. retail-tech market is facing immense growth potential. Over 20,000 mid-size retailers alone are without the high-resolution inventory executive tools they need to break even, let alone advance. Ms. Eliyahu’s extensive experience will ensure that we effectively capitalize on this opportunity, setting the stage for a future public offering.”

About Onebeat:
Onebeat was founded in 2018 by Avihai Schnabel and Dr. Yishai Ashlag of Goldratt Consulting as an initiative to translate Goldratt’s supply chain optimization practices into data-driven inventory execution software for the retail industry. The company has partnered with over 200 retailers across 26 countries and has optimized over $11 billion in inventory value across 55,000 points of sale for well-known brands across the retail sector. Onebeat’s customers include Crocs, American Eagle, Panasonic, and the retail division of the TATA group, which includes fashion, footwear, jewelry, pharmacy, and more. Onebeat has completed two funding rounds since 2022, with investments from Magenta Venture Partners, Surround Ventures, and AnD Ventures, among others. 

For more information about Onebeat and its innovative solutions, visit www.1beat.com.

Media Contact:

Itamar Assaf Head of Marketing, Onebeat
[email protected]

Photo – https://mma.prnewswire.com/media/2473787/Sevonne_Eliyahu_Credit_Omer_Hacohen.jpg

SOURCE Onebeat

The clean health and beauty company defies fundraising odds and reaches significant milestone with the support of the Philadelphia investment community

PHILADELPHIA, Aug. 1, 2024 — Naturaz, the clean health and beauty company that formulates, manufactures and distributes 100% vegan hair care products for curly hair, announced today that it raised $1 million in investments during its seed round of financing. Key investors in the round included the Philadelphia Community Impact Fund, which invested $300,000 in the round, as well as other impact and angel investors.

Naturaz is a groundbreaking clean hair care product line, meticulously crafted by Founder and CEO Mumbi Dunjwa, delivering and sustaining an impressive 3X more moisture in curly hair. As an award-winning chemist from the American Chemical Society, Dunjwa utilized her background and experience in chemistry, large pharma, healthcare, and technology to build Naturaz.

According to a recent report by PitchBook, women are massively under-represented among venture capital investors, with companies founded solely by women receiving less than 3% of all venture capital investments. Fundraising is an especially difficult journey for Black female founders, who have long been significantly under-funded. Dunjwa is forging ahead, reaching a significant milestone in the company’s journey of raising $1M in investment capital.

“We are so grateful that the Philadelphia investment ecosystem has been so supportive of Naturaz and our mission,” said Mumbi Dunjwa, Founder and CEO of Naturaz. “The funds that have come from the Philadelphia Community Impact Fund, in addition to other investors who have been instrumental in this process, will go a long way in ensuring Naturaz products become available and accessible to curly-haired women and their families across the United States. We’re hopeful that sharing our story serves as an example and an inspiration for female entrepreneurs.”

With the help of the Philadelphia Community Impact Fund, the Bucks County IDA and other investors, Naturaz raised over $700,000 in the last six months, and fundraised $500,000 in July alone. Although the journey to get there has not been easy, Naturaz has found success by taking a unique approach to raising capital. The company focused on building strong, targeted relationships with investors by creating the opportunity to speak with stakeholders one-on-one, connecting them to the company’s brand strategy, growth trajectory and future optimizations.

Securing this significant funding allows Naturaz to execute its retail expansion strategy, bringing high quality, highly efficacious, vegan hair care products to consumers who are demanding cosmetic products that keep the health of their families top of mind. Naturaz looks forward to raising additional investment capital before closing this round soon. The company also looks forward to continuing to formulate innovative products that are 100% vegan, non-GMO, highly effective and scientifically formulated to care for curly hair. Naturaz products are currently available in beauty supply stores and can be purchased online at www.Naturaz.com.

Download Naturaz images here.

About Naturaz
Naturaz is a socially inclusive, clean health and beauty company that formulates, manufactures and distributes 100% vegan hair care products for curly hair. This groundbreaking product line, meticulously crafted by Founder and CEO Mumbi Dunjwa, delivers and sustains an impressive 3X more moisture in curly hair. The company’s signature Moisture Burst System^® is the embodiment of Naturaz’s commitment to excellence in hair care. Naturaz has been committed to formulating products that are 100% vegan, non-GMO, highly effective and scientifically formulated to care for curly hair. To place an order or learn more about Naturaz, visit www.Naturaz.com.

Media Contact:
Kathleen Dwyre
[email protected] 

SOURCE Naturaz

AUSTIN, Texas, Aug. 1, 2024 — Athena Security , the innovative leader in concealed weapons detection system software that is inspired by Homeland Security Best Practices, today announced the successful completion of a $10 million seed funding round led by its founders, Lisa Falzone and Chris Ciabarra. This investment decision reflects Chris and Lisa’s unwavering confidence in Athena’s CWDS technology and the growing demand for advanced security solutions.

“In a market that doesn’t always align with our vision or valuation, we’ve chosen to take control of our destiny,” said Chris Ciabarra, CTO of Athena Security.” This round allows us to maintain focus on expanding our business, developing cutting-edge technology, and delivering unparalleled security solutions to our clients.”

Athena Security has consistently delivered innovation to concealed weapons detection systems, introducing patented features like “Evasion” detection which uses artificial intelligence to alert the security team when uncooperative patrons try to avoid the weapons screening system. Other unique features, like the “Voluntary” function, real-time photo alerts, and a wide variety of integrations, allow security teams to streamline processes and enhance compliance with  Homeland Security Best Practices . The company’s unwavering commitment to innovation, information security, and compliance has earned them a reputation as a trusted partner in safeguarding businesses, schools, casinos, hospitals, and public spaces.

“The new funding will be used to accelerate sales, product development, expand reach in new markets, and strengthen customer support,” says Michael Green, CEO. Athena Security remains dedicated to its mission of creating a safer world through advanced security technology.

“We are not deterred by market fluctuations,” added Lisa Falzone, President of Athena Security. “We believe in the value we bring to the table and are committed to building a long-term, sustainable business. This funding round is a testament to our confidence in the future of Athena Security.”

About Athena Security

Athena Security is a leading provider of concealed weapons detection system patented software and people screening systems designed to protect businesses, hospitals, casinos, schools, and public spaces. The system enhances checkpoint security with the necessary processes and controls to support best practices by Homeland Security. Athena Security is committed to creating a safer world through cutting-edge technology and unwavering dedication to customer satisfaction.

Media Contact:
Athena Security
833-928-4362
[email protected]

SOURCE Athena Security

The funds are being used to further expand markets and release the 8-year sherry cask finished reserve and a low-alcohol ready-to-serve

FAIRFIELD, Conn., Aug. 1, 2024 — Fairfields Rum of the Americas, founded by entrepreneurs Frank Klein and Joy Branford, announced a Late Seed round led by Maplewood Ventures of Westport Connecticut.  “We will be going deeper into existing markets, releasing our reserve, and launching our evolutionary ready to serve low-alcohol rum cocktails,” according to Frank Klein, CEO of Fairfields.  The rum is currently distributed in fine Connecticut restaurant and retail locations and via e-commerce with distribution in California, New York, Massachusetts and Rhode Island coming this summer.

“We continue to be well received by not only rum drinkers but those seeking a no-additive clear spirit that is expressive and nuanced” commented Frank Klein, Co-Founder and CEO.  “The lower sugar, diverse craft drinks that bartenders are making with Fairfields showcase how versatile an all-naturally distilled, no sugar added white rum can be” Klein added.  The rum is made in the United States from cane sourced throughout the Americas.  The 8-year-aged reserve is bottled at eighty-eight proof and the amber spirit is finished in sherry casks with no additives or colorings.

The brand is continuing with its campaign that declares “If you like your tequila, you will love our rum”.  Joy Branford, Caribbean born, Brooklyn raised, collaborated with Klein to create a unique rum that intentionally strayed away from Caribbean styles that rely on flavorings or added sugar.  “We use a blend of Agricole and Molasses distillations to create a rum that sips on its own over ice like tequila or can be used in simple three ingredient cocktails.”  Branford added “because a daiquiri was around long before George Clooney invented tequila”.   Not surprisingly the founders prefer daiquiris on the rocks.

“We are truly excited and proud to support Frank, Joy and the wider Fairfields Team as their production partner on these incredible rums,” states Anthony Moniello, Co-CEO of Next Century Spirits. Moniello continues, “Fairfields’ headquarters are right in our backyard and supporting skilled entrepreneurs like Frank is core to who we are. We believe in what they’re building as well as the quality of the rum at-hand and are excited to be part of their wider journey ahead.”

Fairfields Rum of the Americas was founded by Frank Klein and Joy Branford.  Investors include Overdrive Ventures which is led by founder Ray Potter, Maplewood Ventures and others. Fairfields Rum of the Americas is based in Fairfield, CT.   Suggested retail is $29.99 for the Dry White Rum and $43.99 for the Reserve.

To learn more visit www.rumoftheamericas.com as well as check out their Instagram.

Frank Klein can be reached at 203-763-9997 or [email protected]

SOURCE Fairfields Rum

HONG KONG, GERMANTOWN, Md. and SUZHOU, China, July 31, 2024 — Sirnaomics Ltd. (the “Company“, Stock Code: 2257.HK, together with its subsidiaries, the “Group” or “Sirnaomics“), a leading biopharmaceutical company engaging in discovery and development of advanced RNAi therapeutics, today announced a partnership with Gore Range Capital LLC (“Gore Range Capital“) (Dallas, TX, USA) for establishment of a joint venture, Sagesse Bio, Inc., to advance its novel RNAi therapeutic products into aesthetic medicine.

Sagesse Bio, Inc., a Delaware corporation (“Sagesse Bio“), combines the strength of Sirnaomics’ leadership in RNAi-based technology and product development for focal fat reduction and Gore Range Capital’s world leading expertise in skin health industry and financial resources, to accelerate clinical development of the company’s innovative products for addressing a fast-growing aesthetic medicine market. Sagesse Bio will rapidly advance Sirnaomics lead compound that is IND-enabled and currently in Phase II clinical trials for other indications. Initial indications of interest include body contouring and fat reduction. The founders, board of directors, and newly established executive management team of Sagesse Bio are comprised of a group of well-accomplished senior executives from skin health industry, world-renowned clinicians in dermatology and aesthetic medicine, and leading experts in RNAi medicine. The strategic goal of Sagesse Bio is to become a world-leading aesthetic medicine company with innovative technologies and aesthetic products.

Frederick Beddingfield, MD, PhD, serving as Chairperson of the board of directors of Sagesse Bio, is an internationally renowned dermatologist and expert in biopharma and the aesthetics industry, who has led the development of global leading brands such as BOTOX®, JUVEDERM®, LATISSE® and KYBELLA®. He served as Chief Medical Officer of Allergan Medical and Kythera, and as CEO of Sienna Bio and Kira Pharmaceuticals, and currently serves on the board of directors of Cytrellis Biosystems. Dr. Beddingfield stated: “I could not be more excited to help lead and build Sagesse Bio. We have an amazing team with the right experience and a unique opportunity based on the finding of adipocytolysis with good tolerability in human clinical studies, to rapidly advance our IND-approved lead product.”

Mr. Humberto Antunes, co-founder of Sagesse Bio, partner of Gore Range Capital, former Chairman and CEO of Galderma/Nestlé Skin Health, an internationally renowned executive in skin health industry, comments: “The strategic goal of Sagesse Bio is to deliver innovative and life changing therapies to patients with an initial emphasis on focal fat destruction.”

“We are thrilled to build this historic partnership: RNAi therapeutic candidate is moving into medical aesthetic product development for body contouring,” commented Dr. Patrick Lu, founder, Chairman of the board, executive director, President and CEO of Sirnaomics. “The joint expertise and resources from both Sirnaomics and Gore Range Capital are setting up a strong foundation for a tremendous growth potential of Sagesse Bio with its accelerated product development speed.”

The board of directors of the Company has approved, and the board of directors and the stockholders of Sagesse Bio have approved, a series of agreements in relation to the partnership (the “Agreements”). The Company and Sagesse Bio have signed the Agreements, which shall become effective only upon being approved by the shareholders of the Company at an upcoming general meeting. Under the partnership arrangement, Sagesse Bio will initiate a clinical evaluation immediately for its leading product candidate, SGY-101, with scientific and technical support from Sirnaomics, receiving assignment and licensing of certain relevant intellectual property rights for the licensed product. In return, Sirnaomics will receive milestone payments of up to US$33 million and a majority equity position of Sagesse Bio with value of approximately US$36 million upon successful equity or debt financing in the future at a minimum pre-financing valuation of Sagesse Bio at US$60 million. Gore Range Capital is responsible for initial funding and building the executive management team and advisory board. In addition, with its well-built domain expertise and extensive networks in the skin health industry, Gore Range Capital is able to provide a hands-on approach for Sagesse Bio’s fundraising and business development challenges.

About Gore Range Capital

Gore Range Capital is focused on investments in the skin health businesses. Gore Range’s approach is simple: “We invest in what we know.” Over the course of their respective careers the Gore Range team has built domain expertise and extensive networks across multiple areas of healthcare. Through Gore Range Capital, capabilities are channeled to focus on the largest organ and the most visible manifestation of personal identity: the skin. At Gore Range, the hands-on approach of operationally focused private equity is blended with the early-stage guidance needed in venture capital. Formed in 2015, Gore Range works closely with portfolio companies and industry leaders to bring skin health innovations to market. To accomplish this mission, Gore Range leverages its team of experienced healthcare investors, leaders, and practitioners to bring strategic, financial and scientific expertise to its investments. Learn more at: www.gorerangecapital.com.

About Sirnaomics

Sirnaomics is an RNA therapeutics biopharmaceutical company that focuses on the discovery and development of innovative drugs for indications with unmet medical needs and large market opportunities. Sirnaomics is the first clinical-stage RNA therapeutics company to have a strong presence in both Asia and the United States. Based on its proprietary delivery technologies, a polypeptide nanoparticle RNAi platform and GalNAc RNAi platform, GalAhead™, Sirnaomics has established an enriched drug candidate pipeline. STP122G, which represents the first drug candidate utilizing the Company’s GalAhead™ mxRNA technology, is currently in Phase I development. STP237G is the first dual-targeted drug based on a GalAhead™ muRNA technology and is in the late stage of preclinical development. The Company has also had multiple successes with oncology applications through its clinical programs for STP705 and STP707. With the establishment of the it manufacturing facility in China, Sirnaomics is undergoing a transition from a biotech company to a biopharma corporation. Learn more at: www.sirnaomics.com.

CONTACT: 

USA Media Contact:
George Ji, MBA
Head of Finance and Administration
Email: [email protected]

Asia Media Contact:
Johnson Shen, M.A.
Senior Business Manager for Investor Relations
Email: [email protected]

SOURCE Sirnaomics