eXp Realty Unveils Innovative Partnership with HomeHunter To Streamline International Property Search

eXp Realty Unveils Innovative Partnership with HomeHunter To Streamline International Property Search

eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced today a new partnership with HomeHunter, an innovative web application designed to improve the home search process for consumers across Europe, the Middle East, South Africa, India, Australia and New Zealand.

BELLINGHAM, Wash., Nov. 01, 2023 (GLOBE NEWSWIRE) — eXp Realty®, “the most agent-centric real estate brokerage on the planet™” and the core subsidiary of eXp World Holdings, Inc. (Nasdaq: EXPI), announced today a new partnership with HomeHunter, an innovative web application designed to improve the home search process for consumers across Europe, the Middle East, South Africa, India, Australia and New Zealand.

HomeHunter is powered by WikiRealty and goes beyond a traditional search tool, providing a personalized, comprehensive and centralized platform for an easy global home search. It goes beyond the limits of individual searches to streamline the hunt for a home, bringing together data from numerous international platforms. It also features an intuitive bookmarking function that allows users to save their favorite properties from different regions and platforms with just a single click, and provides a curated list of property suggestions based on user search history.

“HomeHunter is poised to become a core source for listing data all over the world with unprecedented opportunities,” said Glenn Sanford, founder and CEO of eXp Realty. “We are immensely proud to be the pioneering brokerage to offer our agents access to this tool to improve the home search experience for their clients. It exemplifies our commitment to enhancing our agents’ value proposition on an international scale. By streamlining the home-buying process for consumers, this tool empowers eXp Realty agents to allocate more of their time to revenue-generating opportunities.”

About eXp World Holdings, Inc.

eXp World Holdings, Inc. (Nasdaq: EXPI) is the holding company for eXp Realty®, Virbela® and SUCCESS® Enterprises.

eXp Realty is the largest independent real estate company in the world with more than 89,000 agents in the United States, Canada, the United Kingdom, Australia, South Africa, India, Mexico, Portugal, France, Puerto Rico, Brazil, Italy, Hong Kong, Colombia, Spain, Israel, Panama, Germany, Dominican Republic, Greece, New Zealand, Chile, Poland and Dubai and continues to scale internationally. As a publicly traded company, eXp World Holdings provides real estate professionals the unique opportunity to earn equity awards for production goals and contributions to overall company growth. eXp World Holdings and its businesses offer a full suite of brokerage and real estate tech solutions, including its innovative residential and commercial brokerage model, professional services, collaborative tools and personal development. The cloud-based brokerage is powered by Virbela, an immersive 3D platform that is deeply social and collaborative, enabling agents to be more connected and productive. SUCCESS® Enterprises, anchored by SUCCESS® magazine and its related media properties, was established in 1897 and is a leading personal and professional development brand and publication.

For more information, visit https://expworldholdings.com

Safe Harbor Statement

The statements contained herein may include statements of future expectations and other forward-looking statements that are based on management’s current views and assumptions and involve known and unknown risks and uncertainties that could cause actual results, performance or events to differ materially from those expressed or implied in such statements. Examples of such forward-looking statements include, but are not limited to, the availability of incentive programs in international markets and the future value of financial incentive programs. Such forward-looking statements speak only as of the date hereof, and the company undertakes no obligation to revise or update them. Such statements are not guarantees of future performance. Important factors that may cause actual results to differ materially and adversely from those expressed in forward-looking statements include changes in business or other market conditions; the difficulty of keeping expense growth at modest levels while increasing revenues; and other risks detailed from time to time in the company’s Securities and Exchange Commission filings, including but not limited to the most recently filed Quarterly Report on Form 10-Q and Annual Report on Form 10-K.

Media Relations Contact:

eXp World Holdings, Inc.
mediarelations@expworldholdings.com

Investor Relations Contact:

Denise Garcia
investors@expworldholdings.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/46667153-6cfb-4078-8cac-368b0a36d78b

GlobeNewswire Distribution ID 8970566

Japan’s WAFUU.COM: 20-Language Global Expansion, 1200%+ Growth

Operated by QRESTIA Inc., WAFUU.COM is a Japan-based e-commerce site that offers a curated selection of Japanese cosmetics, snacks, anime, games, and gadgets. We aim to share the allure of Japan globally, offering multi-language support and extensive shipping options.

WAFUU.COM: Japan-Based Cross-Border E-Commerce Site Expands to 70 Countries with 20-Language Support

WAFUU.COM, a Japan-based e-commerce platform, breaks new ground by expanding its shipping network to 70 countries and providing a 20-language interface, bringing Japanese culture closer to a global audience.

WAFUU-JAPAN

TOKYO, Nov. 01, 2023 (GLOBE NEWSWIRE) — The world’s fascination with Japanese culture is far from waning, and WAFUU.COM, operated by QRESTIA Inc., has taken ambitious steps to meet this global demand. The growth rate of over 1200% (compared to the same month last year) is attributed to an expansive product range, multi-language support, the impact of a weaker yen, and an expanded target audience.

This initiative was brought to life by a team deeply passionate about sharing the beauty of Japan. WAFUU.COM has recently expanded its offerings by initiating shipping to 70 countries and adding support for 20 languages, breaking down previous challenges of restricted shipping zones, high shipping costs, and language barriers to reach an even wider audience than before.

This growth suggests that our multi-language platform is effectively reaching countries that previously had limited access to Japanese products. As we continue to refine the user experience, several future upgrades are planned to make the platform more user-friendly. “We have always aimed to build a bridge between Japan and the rest of the world, and this new initiative helps us do just that,” says FUKADA HIDEMASA, CEO of QRESTIA Inc.

Before pivoting to its current e-commerce model, WAFUU.COM was engaged in a business that actively utilized web marketing. This well-honed expertise and experience have been seamlessly transitioned into their new venture in cross-border e-commerce. Product selection is backed by comprehensive market research and AI technology, taking into account both global and local Japanese trends as well as online and offline purchasing data. Building on previous experience with multi-language business operations, the company has also accelerated its multi-language support, making Japanese products more accessible than ever. This multi-faceted approach ensures a product lineup that resonates with a diverse customer base.” For more information, visit https://wafuu.com/

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/8aecd815-8139-4240-a056-bf82abf32f15

CONTACT FUKADA HIDEMASA
COMPANY QRESTIA Inc.
PHONE +81-35726-9180
EMAIL pr@qrestia.com
WEB https://wafuu.com

GlobeNewswire Distribution ID 8967985

WAFUU.COM du Japon : expansion mondiale en 20 langues, croissance de plus de 1 200 %

Exploité par QRESTIA Inc, WAFUU.COM est un site de commerce électronique basé au Japon qui propose une sélection de produits cosmétiques, de snacks, d’animés, de jeux et de gadgets japonais. Notre objectif est de partager l’attrait du Japon avec le monde entier, en offrant un support multilingue et de nombreuses options d’expédition.

WAFUU.COM : un site de commerce électronique transfrontalier basé au Japon s’étend à 70 pays avec un support en 20 langues

WAFUU.COM, une plateforme de commerce électronique basée au Japon, innove en étendant son réseau d’expédition à 70 pays et en proposant une interface en 20 langues, rapprochant ainsi la culture japonaise d’un public mondial.

WAFUU.COM, une plateforme de commerce électronique basée au Japon, innove en étendant son réseau d’expédition à 70 pays et en proposant une interface en 20 langues, rapprochant ainsi la culture japonaise d’un public mondial.

TOKYO, 01 nov. 2023 (GLOBE NEWSWIRE) — La fascination du monde pour la culture japonaise est loin de s’estomper et WAFUU.COM, exploité par QRESTIA Inc, a pris des mesures ambitieuses pour répondre à cette demande mondiale. Le taux de croissance de plus de 1 200 % (par rapport au même mois de l’année dernière) est attribué à une gamme de produits étendue, à un support multilingue, à l’impact d’un yen plus faible et à un public cible élargi.

Cette initiative a été mise en œuvre par une équipe profondément passionnée par le partage de la beauté du Japon. WAFUU.COM a récemment élargi son offre en commençant à expédier ses produits dans 70 pays et en ajoutant la prise en charge de 20 langues, surmontant ainsi les difficultés liées aux zones d’expédition restreintes, aux frais d’expédition élevés et aux barrières linguistiques, pour atteindre un public encore plus large qu’auparavant.

Cette croissance indique que notre plateforme multilingue atteint efficacement des pays qui n’avaient auparavant qu’un accès limité aux produits japonais. Nous continuons à améliorer l’expérience utilisateur et plusieurs mises à jour sont prévues pour rendre la plateforme plus conviviale. « Nous avons toujours eu pour objectif de jeter un pont entre le Japon et le reste du monde, et cette nouvelle initiative nous aide à y parvenir », déclare FUKADA HIDEMASA, PDG de QRESTIA Inc.

Avant d’adopter son modèle actuel de commerce électronique, WAFUU.COM exerçait une activité qui utilisait activement le marketing en ligne. Cette expertise et cette expérience bien rodées ont été transposées sans heurt dans leur nouvelle entreprise de commerce électronique transfrontalier. La sélection des produits s’appuie sur des études de marché exhaustives et sur la technologie de l’intelligence artificielle, en tenant compte des tendances japonaises mondiales et locales, ainsi que des données d’achat en ligne et hors ligne. Forte de son expérience en matière d’opérations commerciales multilingues, l’entreprise a également accéléré son support multilingue, rendant ainsi les produits japonais plus accessibles que jamais. Cette approche à multiples facettes garantit une gamme de produits qui trouve un écho auprès d’une clientèle diversifiée. Pour plus d’informations, consultez le site https://wafuu.com/.

Une photo accompagnant cette annonce est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/8aecd815-8139-4240-a056-bf82abf32f15/fr

CONTACT FUKADA HIDEMASA
SOCIÉTÉ QRESTIA Inc.
TÉLÉPHONE : +81-35726-9180
E-MAIL : pr@qrestia.com
SITE INTERNET https://wafuu.com

GlobeNewswire Distribution ID 8968999

WAFUU.COM no Japão: expansão global em 20 idiomas e crescimento superior a 1200%

Operada pela QRESTIA Inc., a WAFUU.COM é um site dedicado ao comércio eletrónico, com sede no Japão, que oferece uma seleção de cosméticos, snacks, anime, jogos e gadgets japoneses. O nosso objetivo é partilhar o fascínio do Japão a nível mundial, disponibilizando apoio em vários idiomas e opções de envio alargadas.

WAFUU.COM: site de comércio eletrónico transfronteiriço com sede no Japão expande-se para 70 países com apoio em 20 idiomas

 

WAFUU.COM, uma plataforma de comércio eletrónico sediada no Japão, explora novos territórios ao expandir a sua rede de expedição para 70 países e ao disponibilizar uma interface em 20 idiomas, aproximando a cultura japonesa de um público global.

A WAFUU.COM, uma plataforma de comércio eletrónico sediada no Japão, explora novos territórios ao expandir a sua rede de expedição para 70 países e ao disponibilizar uma interface em 20 idiomas, aproximando a cultura japonesa de um público global.

TÓQUIO, Nov. 01, 2023 (GLOBE NEWSWIRE) — O fascínio do mundo pela cultura japonesa está longe de diminuir, e a WAFUU.COM, operada pela QRESTIA Inc., tomou medidas ambiciosas para satisfazer esta procura global. A taxa de crescimento superior a 1200% (em comparação com o mesmo mês do ano passado) é atribuída a uma gama de produtos abrangente, ao apoio multilingue, ao impacto da desvalorização do iene e a um público-alvo alargado.

Esta iniciativa foi concretizada por uma equipa profundamente apaixonada por partilhar a beleza do Japão. A WAFUU.COM expandiu recentemente as suas ofertas, disponibilizando envios para 70 países e apoio adicional para 20 idiomas, e eliminou os desafios precedentes relativos à existência de zonas de envio restritas, custos de envio elevados e barreiras linguísticas para alcançar um público mais amplo do que nunca.

Este crescimento sugere que a nossa plataforma multilingue está a chegar eficazmente a países que anteriormente tinham um acesso limitado aos produtos japoneses. À medida que continuamos a aperfeiçoar a experiência do utilizador, estão previstas várias atualizações futuras para tornar a plataforma de mais fácil utilização. “Sempre tivemos como objetivo construir uma ponte entre o Japão e o resto do mundo, e esta nova iniciativa permite-nos fazer isso mesmo”, afirma FUKADA HIDEMASA, CEO da QRESTIA Inc.

Antes da mudança para o seu atual modelo de comércio eletrónico, a WAFUU.COM estava envolvida numa atividade que utilizava ativamente o marketing na web. A experiência e os conhecimentos adquiridos foram uniformemente adotados no novo empreendimento de comércio eletrónico transfronteiriço. A seleção de produtos é apoiada por uma pesquisa de mercado abrangente e pela tecnologia de IA, tendo em conta as tendências japonesas globais e locais, bem como os dados relativos a compras online e offline. A experiência anterior em operações comerciais multilingues permitiu também acelerar o apoio multilingue da empresa, tornando os produtos japoneses mais acessíveis do que nunca. Esta abordagem multifacetada garante uma linha de produtos que se adapta a uma base de clientes diversificada. Para obter mais informações, visite https://wafuu.com/

Uma foto a acompanhar este anúncio está disponível em https://www.globenewswire.com/NewsRoom/AttachmentNg/8aecd815-8139-4240-a056-bf82abf32f15/pt

CONTACTO FUKADA HIDEMASA
EMPRESA QRESTIA Inc.
TELEFONE +81-35726-9180
E-MAIL pr@qrestia.com
WEB https://wafuu.com

GlobeNewswire Distribution ID 8968999

King Faisal Specialist Hospital and Research Centre Utiliza Tecnologia de Detecção de 50 Genes para Prevenção de Câncer

RIADE, Arábia Saudita, Nov. 01, 2023 (GLOBE NEWSWIRE) — O King Faisal Specialist Hospital and Research Centre (KFSH&RC) alcançou um marco significativo com o sucesso da condução de biópsias líquidas em pacientes de diversas idades. Esta abordagem inovadora oferece uma alternativa mais segura às biópsias de tecidos convencionais. Notavelmente, o KFSH&RC se destaca como a primeira unidade de saúde do Oriente Médio a adotar essa tecnologia de ponta.

Este método inovador se distingue por sua capacidade de detectar aproximadamente 50 genes associados ao câncer e mais de 3.000 mutações genéticas. Isso representa um avanço fundamental no atendimento do paciente pois elimina a necessidade de extração do tecido da área afetada para exame. Esta etapa transformadora aprimora muito os resultados dos cuidados de saúde e eleva a experiência geral do paciente.

A biópsia líquida oferece mais vantagens do que as biópsias de tecido convencionais. É menos invasiva, envolve uma simples amostra de sangue de 10 ml que pode ser repetida durante o tratamento. Além disso, ela é altamente precisa na detecção rápida de biomarcadores tumorais, previsão de respostas ao tratamento, identificação de mutações emergentes e confirmação da ausência de recorrência do tumor, sendo um avanço significativo na ciência do câncer.

Essa tecnologia oferece uma alternativa mais segura às biópsias convencionais para pacientes que enfrentam desafios no acesso ao tecido afetado sem intervenção cirúrgica, como visto em casos como o câncer de pulmão. É particularmente benéfica para pacientes idosos, para os quais uma biópsia de tecido pulmonar pode não ser adequada devido ao potencial de complicações graves associadas a ela.

Como parceiro estratégico de saúde na Global Health Exhibition em Riade de 29 a 31 de outubro, o KFSH&RC está presente em um pavilhão onde os visitantes podem explorar a tecnologia de biópsia líquida e outras diversas soluções e tecnologias de cuidado da saúde.

A tecnologia de biópsia líquida é promissora para outros estágios do tratamento do câncer no KFSH&RC. Por meio do uso rotineiro do teste, é possível criar um banco de dados de mutações causadoras de tumores na comunidade local, para o auxílio no diagnóstico precoce do câncer antes da formação dos tumores, além do rastreio de mudanças na condição do paciente, frequentemente durante o tratamento, permitindo ajustes oportunos nos planos de tratamento e evitando o agravamento da condição.

Esta conquista faz parte do compromisso contínuo do KFSH&RC em utilizar todas as tecnologias avançadas para aprimorar a excelência operacional e o atendimento ao paciente. O teste facilita a rápida tomada de decisões clínicas para o gerenciamento de pacientes com câncer, e reduz o tempo e o processamento do teste por meio da completa automação.

O KFSH&RC é considerada uma das instituições mais proeminentes do mundo na prestação de cuidados de saúde especializados, sendo pioneiro na inovação e um centro avançado de pesquisa e educação médica. A instituição também trabalha no avanço das tecnologias médicas e no aprimoramento dos padrões de cuidados de saúde em todo o mundo com colaborações com significantes instituições locais, regionais e internacionais, com o objetivo de oferecer um serviço de classe mundial nos campos clínico, pesquisa e educacional.

Informações de Contato:
kfshrc@mcsaatchi.com

Fotos deste comunicado podem ser encontradas em:

https://www.globenewswire.com/NewsRoom/AttachmentNg/3ba7a2cd-ae09-4d9a-8658-a5efc2b198c3

https://www.globenewswire.com/NewsRoom/AttachmentNg/9de0dc61-7dc5-47e4-af70-09088ad689e1

GlobeNewswire Distribution ID 8970212

L’hôpital spécialisé et centre de recherche King Faisal adopte une technologie de détection précoce du cancer ciblant 50 gènes

RIYAD, Arabie Saoudite, 01 nov. 2023 (GLOBE NEWSWIRE) — L’hôpital spécialisé et centre de recherche King Faisal (ci-après « KFSH&RC ») a franchi un considérable cap en réalisant avec succès des biopsies liquides chez des patients issus de différents groupes d’âge. Cette innovation constitue une alternative plus sûre aux biopsies tissulaires conventionnelles. Premier établissement de santé au Moyen-Orient à adopter cette technologie de pointe, le KFSH&RC se distingue sensiblement.

Cette méthode révolutionnaire se caractérise par sa capacité à détecter près de 50 gènes associés au cancer, mais aussi plus de 3 000 mutations génétiques, et représente une avancée majeure dans les soins aux patients. Elle rend ainsi caduque l’extraction des fragments tissulaires affectés en amont des analyses. Cette étape est synonyme d’un grand changement, et permet d’améliorer considérablement les résultats en matière de soins de santé et l’expérience thérapeutique dans son ensemble.

La biopsie liquide présente divers avantages par rapport aux biopsies tissulaires traditionnelles. La procédure est d’abord moins invasive, prenant la forme d’un simple prélèvement sanguin de 10 ml qui peut se réitérer au cours dutraitement. Elle permet par ailleurs la détection rapide et très précise des biomarqueurs tumoraux, la prévision des réponses au traitement, l’identification des mutations émergentes et la confirmation de l’absence de récidive tumorale, le tout constituant une nette avancée en cancérologie.

Le recours à cette technologie représente une alternative plus sûre aux biopsies traditionnelles pour les patients chez qui l’accès aux tissus touchés sans intervention chirurgicale est compliqué, comme c’est le cas du cancer du poumon. Elle est particulièrement favorable aux patients âgés, pour qui une biopsie du tissu pulmonaire n’est pas toujours appropriée en raison du risque de complications graves qui y est associé.

Le KFSH&RC expose son pavillon à la Global Health Exhibition organisée à Riyad du 29 au 31 octobre, au titre de partenaire santé stratégique de l’événement. À cette occasion, les visiteurs pourront découvrir la technologie de biopsie liquide et bien d’autres solutions et technologies en matière de soins de santé.

La technologie de biopsie liquide est prometteuse pour d’autres étapes du traitement du cancer du sein au KFSH&RC. L’utilisation systématique du test permet d’établir un inventaire des mutations à l’origine des tumeurs constatées au sein de la population locale, entraînant un diagnostic précoce du cancer en amont de la formation des tumeurs. Elle permet en outre d’assurer un suivi régulier de l’évolution de la pathologie du patient en cours de traitement, de réajuster les protocoles de soins en temps opportun et d’empêcher l’aggravation de la maladie.

Cette réalisation s’inscrit au cœur de l’engagement prononcé de l’hôpital en faveur du recours à des technologies de pointe dans une démarche d’optimisation de l’excellence opérationnelle et des soins aux patients. Le test induit une prise de décision clinique rapide pour la prise en charge des patients atteints de cancer, et son automatisation complète en réduit à la fois la durée et le processus.

Le KFSH&RC se distingue parmi les plus importantes institutions au monde en matière de prestation de soins de santé spécialisés. En ouvrant la voie à l’innovation, l’hôpital fait office de pôle avancé pour la recherche et l’enseignement dans le domaine médical. Enfin, il s’efforce de développer des technologies médicales et de faire évoluer les normes internationales des soins de santé grâce à des collaborations avec d’importants organismes locaux, régionaux et internationaux visant la prestation de services cliniques, de recherche et d’éducation de classe mondiale.

Coordonnées :
kfshrc@mcsaatchi.com

Les photos jointes au présent communiqué sont disponibles aux adresses suivantes :

https://www.globenewswire.com/NewsRoom/AttachmentNg/3ba7a2cd-ae09-4d9a-8658-a5efc2b198c3

https://www.globenewswire.com/NewsRoom/AttachmentNg/9de0dc61-7dc5-47e4-af70-09088ad689e1

GlobeNewswire Distribution ID 8970212

LeddarTech Announces Participation in Upcoming Fourth Quarter 2023 Investor Conferences

QUEBEC CITY, Canada, Nov. 01, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, announces that Frantz Saintellemy, President and Chief Operating Officer, is scheduled to participate in the following upcoming investor events:

LeddarTech will participate in meetings with potential investors and industry analysts and in fireside chats. For more information or to register, please visit the “Events & Presentations” section of LeddarTech’s investor relations website.

On June 13, 2023, Prospector Capital Corp. (“Prospector”) (NASDAQ: PRSR, PRSRU, PRSRW), a Cayman Islands exempted company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, announced a definitive business combination agreement with LeddarTech. Upon closing of the transaction, which is expected during the fourth quarter of 2023, the combined company formed through the business combination, LeddarTech Holdings Inc. (“Newco”), is expected to be listed on the NASDAQ under the ticker symbol “LDTC.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patent applications (80 granted) that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and on LinkedIn, Twitter (X), Facebook and YouTube.

About Prospector Capital Corp.

Prospector is a special-purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on companies with advanced and highly differentiated solutions for the technology sector. The company is led by a team of experienced investors and executives focused on identifying and investing in high-growth companies with strong management teams and attractive market opportunities. Prospector’s securities are traded on NASDAQ under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed business combination, Prospector, LeddarTech and Newco will prepare and will file with the SEC the registration statement on Form F-4 (the “Registration Statement”), and Prospector will mail the proxy statement/prospectus contained within the Registration Statement to its shareholders and file other documents regarding the business combination with the SEC. This press release is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Prospector or Newco may file with the SEC in connection with the business combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION STATEMENT AND OTHER DOCUMENTS FILED BY PROSPECTOR OR NEWCO WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION, BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement and other documents filed with the SEC by Prospector or Newco through the website maintained by the SEC at www.sec.gov.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act (which forward-looking statements shall also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding the business combination involving Prospector, LeddarTech and Newco, the ability to consummate the business combination and the timing thereof, the anticipated benefits from the business combination, the closing of the private placement financing and expected proceeds therefrom and statements relating to Newco’s anticipated strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the business combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the business combination or the failure to timely or at all obtain any required regulatory clearances, including of the Superior Court of Justice of Québec; (ii) uncertainties as to the timing of the consummation of the business combination and the ability of each of Prospector, LeddarTech and Newco to consummate the business combination; (iii) the possibility that other anticipated benefits of the business combination will not be realized, and the anticipated tax treatment of the business combination; (iv) the occurrence of any event that could give rise to termination of the business combination; (v) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may affect the timing or occurrence of the business combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry-specific conditions; (vii) possible disruptions from the business combination that could harm LeddarTech’s business; (viii) the ability of LeddarTech to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the business combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the business combination that could affect LeddarTech’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; (xiii) access to capital and financing and LeddarTech’s ability to maintain compliance with debt covenants; and (xiv) other risk factors as detailed from time to time in Prospector’s reports filed with the SEC, including Prospector’s Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the SEC, as well as the risk factors to be contained in the Registration Statement. The foregoing list of important factors is not exhaustive. Neither Prospector nor LeddarTech can give any assurance that the conditions to the business combination will be satisfied. Except as required by applicable law, neither Prospector nor LeddarTech undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Prospector or Newco, a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of Section 10 of the Securities Act of 1933, as amended (the “Securities Act”).

Participants in Solicitation

Prospector, LeddarTech and Newco, and certain of their respective directors, executive officers and employees, may be deemed to be participants in the solicitation of proxies in connection with the business combination. Information about the directors and executive officers of Prospector can be found in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 31, 2023. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the business combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the source indicated above.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

GlobeNewswire Distribution ID 8969420

LeddarTech annonce sa participation à certaines conférences à venir pour les investisseurs lors du quatrième trimestre 2023

QUÉBEC, Canada, 01 nov. 2023 (GLOBE NEWSWIRE) — LeddarTech®, une société de logiciels automobiles qui fournit des technologies logicielles de fusion bas niveau de capteurs et de perception innovatrices et brevetées pour systèmes avancés d’aide à la conduite (systèmes ADAS) et de conduite autonome (systèmes AD), annonce que Frantz Saintellemy, président et chef de l’exploitation, participera aux événements suivants à l’intention des investisseurs :

LeddarTech participera à des réunions avec des investisseurs potentiels et des analystes de l’industrie, ainsi qu’à des discussions informelles.   Pour plus de renseignements ou pour s’inscrire, consulter la section « Événements et présentations » du site web Relations investisseurs de LeddarTech.

Le 13 juin 2023, Prospector Capital Corp. (« Prospector ») (NASDAQ : PRSR, PRSRU, PRSRW), une société exonérée des îles Caïmans dirigée par l’ancien président de Qualcomm, Derek Aberle et présidée par l’ancien vice-président du conseil d’administration de Qualcomm, Steve Altman, a annoncé un accord définitif de regroupement d’entreprises avec LeddarTech. À la clôture de la transaction, prévue au cours du quatrième trimestre 2023, la société issue du regroupement d’entreprises, LeddarTech Holdings Inc. (« Newco »), devrait être cotée au NASDAQ sous le nouveau symbole « LDTC ».

À propos de LeddarTech

Entreprise mondiale de logiciels fondée en 2007, basée à Québec et disposant de centres de R&D supplémentaires à Montréal, Toronto et Tel Aviv (Israël), LeddarTech développe et propose des solutions de perception logicielles complètes qui permettent le déploiement d’applications ADAS et de conduite autonome (AD). Le logiciel de classe automobile de LeddarTech applique des algorithmes d’intelligence artificielle et de vision numérique avancés afin de générer des modèles 3D précis de l’environnement, pour une meilleure prise de décision et une navigation plus sûre. Cette technologie performante, évolutive et économique permet la mise en œuvre efficace de solutions ADAS pour véhicules automobiles et hors route par les équipementiers et les fournisseurs de rang 1 et 2.

Ayant déposé plus de 150 demandes de brevets (dont 80 accordées) qui améliorent les capacités des systèmes d’aide à la conduite et de conduite autonome, l’entreprise a contribué à plusieurs innovations liées à des applications de télédétection. Une plus grande conscience situationnelle est essentielle pour rendre la mobilité plus sûre, plus efficace, plus durable et plus abordable : c’est ce qui motive LeddarTech à vouloir devenir la solution logicielle de fusion de capteurs et de perception la plus largement adoptée.

Renseignements complémentaires disponibles sur www.LeddarTech.com et sur LinkedIn, Twitter (X), Facebook et YouTube.

À propos de Prospector Capital Corp.

Prospector est une société d’acquisition à vocation spécifique créée dans le but de réaliser une fusion, un échange d’actions, une acquisition d’actifs, un achat d’actions, une réorganisation ou un regroupement d’entreprises similaire avec une ou plusieurs entreprises, mettant l’accent sur les sociétés proposant des solutions avancées et hautement différenciées dans le secteur technologique. La société est dirigée par une équipe d’investisseurs et de cadres expérimentés qui se concentrent sur l’identification et les investissements dans des entreprises à forte croissance dotées d’équipes de gestion solides et d’opportunités de marché attrayantes. Les titres de Prospector se négocient sur le NASDAQ sous les symboles « PRSR », « PRSRU » et « PRSRW ».

Renseignements importants sur la transaction proposée et où les trouver

Dans le cadre du regroupement d’entreprises proposé, Prospector, LeddarTech et Newco prépareront et déposeront auprès de la SEC la déclaration d’enregistrement sur le formulaire F-4 (la « Déclaration d’Enregistrement »), et Prospector enverra à ses actionnaires la circulaire de sollicitation de procurations/prospectus contenue dans la Déclaration d’Enregistrement et déposera d’autres documents concernant le regroupement d’entreprises auprès de la SEC. Le présent communiqué de presse ne se substitue à aucune circulaire de sollicitation de procurations, déclaration d’enregistrement, circulaire de sollicitation de procurations/prospectus ou autres documents que Prospector ou Newco pourrait déposer auprès de la SEC dans le cadre du regroupement d’entreprises. LES INVESTISSEURS ET LES PORTEURS DE TITRES SONT INSTAMMENT PRIÉS DE LIRE ATTENTIVEMENT ET DANS LEUR INTÉGRALITÉ LA DÉCLARATION D’ENREGISTREMENT LORSQU’ELLE SERA DISPONIBLE, TOUT AMENDEMENT OU SUPPLÉMENT À LA DÉCLARATION D’ENREGISTREMENT ET TOUT AUTRE DOCUMENT DÉPOSÉ PAR PROSPECTOR OU NEWCO AUPRÈS DE LA SEC DANS LE CADRE DU REGROUPEMENT D’ENTREPRISES, CAR CES DOCUMENTS CONTIENDRONT DES RENSEIGNEMENTS IMPORTANTS. Les investisseurs et les détenteurs de titres pourront obtenir gratuitement des copies de la Déclaration d’Enregistrement et des autres documents déposés auprès de la SEC par Prospector ou Newco sur le site web géré par la SEC à l’adresse www.sec.gov.

Énoncés prospectifs

Certains énoncés contenus dans le présent communiqué de presse peuvent être considérés comme des énoncés prospectifs au sens du Private Securities Litigation Reform Act de 1995, de la section 27A du Securities Act et de la section 21E de l’Exchange Act des États-Unis (lesquels énoncés prospectifs comprennent également les énoncés prospectifs et les renseignements prospectifs au sens des lois canadiennes sur les valeurs mobilières applicables), y compris, mais sans s’y limiter, les énoncés concernant le regroupement d’entreprises impliquant Prospector, LeddarTech et Newco, la capacité à réaliser le regroupement d’entreprises et son calendrier, les avantages attendus du regroupement d’entreprises, la clôture du financement par placement privé et le produit attendu de celui-ci, ainsi que les énoncés relatifs à la stratégie, aux opérations futures, aux perspectives, aux objectifs et aux projections financières et autres mesures financières anticipés de Newco. Les énoncés prospectifs comprennent généralement des énoncés de nature prévisionnelle qui dépendent d’événements ou de conditions à venir ou qui s’y réfèrent, et comprennent des termes tels que « pouvoir », « anticiper », « prévoir », « avoir l’intention de », « estimer », « planifier », « croire », « s’attendre à », « projeter de » et autres expressions similaires et verbes au futur et au conditionnel notamment. Les énoncés qui ne sont pas des faits historiques sont des énoncés prospectifs. Les énoncés prospectifs reposent sur des convictions et des hypothèses actuelles qui sont soumises à des risques et à des incertitudes et ne constituent pas des garanties de performance future. Les résultats réels peuvent différer sensiblement de ceux contenus dans un énoncé prospectif en raison de divers facteurs, y compris, mais sans s’y limiter : (i) le risque que les conditions de clôture du regroupement d’entreprises ne soient pas remplies, y compris le défaut d’obtenir en temps voulu ou non l’approbation des actionnaires pour le regroupement d’entreprises ou le défaut d’obtenir en temps voulu ou non les autorisations réglementaires requises, y compris de la Cour supérieure de justice du Québec; (ii) les incertitudes quant au calendrier de réalisation du regroupement d’entreprises et à la capacité de Prospector, de LeddarTech et de Newco à réaliser le regroupement d’entreprises; (iii) la possibilité que d’autres avantages prévus du regroupement d’entreprises ne se réalisent pas, et le traitement fiscal prévu du regroupement d’entreprises; (iv) la survenance de tout événement susceptible de donner lieu à la résiliation du regroupement d’entreprises; (v) le risque que des litiges entre actionnaires liés au regroupement d’entreprises ou autres règlements ou enquêtes affectent le calendrier ou la réalisation du regroupement d’entreprises ou entraînent des coûts importants de défense, d’indemnisation et de responsabilité; (vi) l’évolution de la conjoncture économique générale et/ou des conditions propres à l’industrie; (vii) les éventuelles perturbations dues au regroupement d’entreprises susceptibles de nuire aux activités de LeddarTech; (viii) la capacité de LeddarTech à retenir, à attirer et à embaucher du personnel clé; (ix) les réactions ou changements négatifs potentiels dans les relations avec les clients, employés, fournisseurs ou autres parties résultant de l’annonce ou de la réalisation du regroupement d’entreprises; (x) l’incertitude commerciale potentielle, y compris les changements dans les relations commerciales existantes, pendant la durée du regroupement d’entreprises, susceptible d’affecter la performance financière de LeddarTech; (xi) les développements législatifs, réglementaires et économiques; (xii) l’imprévisibilité et la gravité d’événements catastrophiques, y compris, mais sans s’y limiter, les actes de terrorisme, le déclenchement d’une guerre ou d’hostilités et toute épidémie, pandémie ou apparition de maladie (y compris la COVID-19), ainsi que la réponse de la direction à l’un des facteurs susmentionnés; (xiii) l’accès au capital et au financement et la capacité de LeddarTech à maintenir le respect des clauses restrictives de ses emprunts; et (xiv) les autres facteurs de risque détaillés de temps à autre dans les rapports de Prospector déposés auprès de la SEC, y compris le rapport annuel de Prospector sur le formulaire 10-K, les rapports trimestriels périodiques sur le formulaire 10-Q, les rapports courants périodiques sur le formulaire 8-K et autres documents déposés auprès de la SEC, ainsi que les facteurs de risque qui figureront dans la Déclaration d’Enregistrement.   La liste des facteurs importants ci-dessus n’est pas exhaustive. Ni Prospector ni LeddarTech ne peuvent garantir que les conditions du regroupement d’entreprises seront remplies. Sauf si la loi applicable l’exige, ni Prospector ni LeddarTech ne s’engagent à réviser ou à mettre à jour les énoncés prospectifs, ni à mentionner d’autres énoncés prospectifs, que ce soit à la suite de nouvelles informations, d’événements futurs ou autres.

Absence d’offre ou de sollicitation

Le présent communiqué de presse ne constitue pas une offre de vente ou la sollicitation d’une offre d’achat de titres de Prospector ou de Newco, ni une sollicitation de vote ou d’approbation, et il n’y aura pas de vente de titres dans une juridiction où une telle offre, sollicitation ou vente serait illégale avant l’enregistrement ou la qualification en vertu de la législation sur les valeurs mobilières d’une telle juridiction. Aucune offre de valeurs mobilières ne peut être faite si ce n’est au moyen d’un prospectus répondant aux exigences de la section 10 du Securities Act de 1933, tel que modifié (le « Securities Act »).

Participants à la sollicitation

Prospector, LeddarTech et Newco, ainsi que certains de leurs administrateurs, dirigeants et employés respectifs, peuvent être considérés comme des participants à la sollicitation de procurations dans le cadre du regroupement d’entreprises. Des renseignements sur les administrateurs et les dirigeants de Prospector sont disponibles dans le rapport annuel sur le formulaire 10-K pour l’exercice clos le 31 décembre 2022, qui a été déposé auprès de la SEC le 31 mars 2023. Les renseignements concernant les personnes qui peuvent, en vertu des règles de la SEC, être considérées comme des participants à la sollicitation de procurations dans le cadre du regroupement d’entreprises, y compris une description de leurs intérêts directs ou indirects, par la détention de titres ou autrement, seront présentés dans la Déclaration d’Enregistrement et dans d’autres documents pertinents lorsqu’ils seront déposés auprès de la SEC. Ces documents peuvent être obtenus gratuitement auprès de la source indiquée ci-dessus.

Contact :
Daniel Aitken, vice-président, Marketing, communications et relations avec les investisseurs mondiaux, LeddarTech Inc.
Tél. : + 1-418-653-9000 poste 232 daniel.aitken@LeddarTech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision et les logos associés sont des marques de commerce ou des marques déposées de LeddarTech Inc. et de ses filiales. Tous les autres noms de marques, noms de produits et marques sont ou peuvent être des marques de commerce ou des marques déposées utilisées pour désigner les produits ou les services de leurs propriétaires respectifs.

GlobeNewswire Distribution ID 8969420

FG to support Royal Commonwealth Society’s hosting of High Commissioners’ Banquet

The Federal Government has assured the Royal Commonwealth Society (RCS) of its support toward the successful hosting of the maiden Commonwealth High Commissioners’ Banquet in Nigeria.

The Minister of Foreign Affairs, Amb. Yusuf Tuggar said this in Abuja at a news conference held in Abuja on Wednesday by the society.

The news conference was organised by the society to announce the plan to host the banquet on Dec. 12 in Abuja.

The minister, who was represented by Amb. Bolaji Akinremi, the Director of the Economy, Trade, and Investment Department in the ministry, underscored the importance of the meeting, saying it would engender economic diplomacy and trade facilitation among members of the Commonwealth.

He added that the banquet will be based on the theme of the Commonwealth Heads of Government Meeting (CHOGM) held in Kigali in 2022 under the theme: ‘Delivering a Common Future: Connecting, Innovating, Transforming’.

The News Agency of Nigeria (NAN) reports that delegates at the heads of government meeting in Kigali held from June 20 to June 25, 2022, embraced unity and collaboration to tackle issues that are at the heart of the Commonwealth’s values.

The issues ranged from gender equality, youth empowerment, sustainable economic development, and climate action.

The minister said that the time to render support to the society was now, especially in view and furtherance of the President Bola Tinubu-led administration’s Renewed Hope Agenda.

Addressing journalists earlier, the Country Director of RCS, Mr Blackson Bayewumi, said that the banquet which “will be the first of its kind to be hosted in Africa, is designed to enhance trade facilitation and investment promotion between Nigeria and the major Commonwealth countries.

According to him, the objective is to ensure economic development in line with the Nigeria Economic Diplomacy Initiative of the Federal Government, job creation, investment promotion, and economic development.

“Royal Commonwealth Society is a network of individuals and organisations committed to improving the lives and prospects of Commonwealth citizens across the world.

“Through youth empowerment, education, and high-level advocacy, the society champions the importance of literacy equality, inclusion, the environment, and connected communities across the 56-member Commonwealth.

“RCS’ unique position within the Commonwealth family allows it to play a pivotal role in convening and connecting the Commonwealth’s political and diplomatic representatives, civil society, business, and youth leaders on a wide range of issues as well as to deliver highlights of the Commonwealth calendar,’’ he said

The country director said that it was no longer news that problems existed everywhere in the world.

He said in view of that, Nigeria is not an exception.

“We should not think that Nigeria is the only country in the world that has problems. We know that there are security issues, for instance. But it is not by shouting and fighting ourselves that solutions will come.

“It is by positive engagements and we can come up with initiatives and ideas like what we are doing.

“We are going to use our platforms to look for solutions to our problems.

“For instance, if through this banquet we are going to host we are able to raise 2 billion dollars’ worth of investment in Nigeria, many people will get employed and Nigerians will benefit from it,’’ he added.

Bayewumi said the banquet will showcase opportunities for trade and investment in Nigeria with the High Commissioners of the Commonwealth member states and other foreign guests.

He added that among other things, the meeting will discuss potential support for the new administration and government in Nigeria, strengthen cordial relationships and friendship among Commonwealth members, and promote peace and interaction within the bloc.

Also speaking during the news conference, Alhaji Babangida Nguroje, a former Chairman of the Nigeria Investment Promotion Council (NIPC), said the banquet to be hosted in December “is timely in view of the challenges facing the economy’’.

According to him, Nigeria is desirous of Foreign Direct Investment (FDI) to buoy the economy.

He expressed the belief that the event will mobilise Commonwealth member states for sustained, balanced investment.

NAN further reports that high-powered interaction among Commonwealth High Commissioners, the Presidency, senior government officials, state government officials, business leaders, and the organised private sector will feature during the banquet.

Source: News Agency of Nigeria

Wike warns against tampering with political structure in Rivers

The Minister of the Federal Capital Territory (FCT), Mr Nyesom Wike, has warned against any attempt to tamper with the political structure in Rivers.

Wike gave the warning after a closed-door meeting with members of the Peoples Democratic Party (PDP) Governors’ Forum, led by its Chairman, Gov. Bala Mohammed of Bauchi State in Abuja on Wednesday.

Mohammed was accompanied by the Governors of Adamawa, Ahmadu Fintiri, Mr Caleb Muftwang, of Plateau and Mr Agbu Kefas of Taraba.

The News Agency of Nigeria (NAN) reports that a crisis had erupted in Rivers on Monday, after an attempt by the Rivers Assembly to impeach the incumbent Governor, Mr Siminalayi Fubara.

Wike told the visiting governors that he would not be intimidated by any one for his influence in Rivers or his appointment by President Bola Tinubu as FCT minister.

He explained that the impeachment move was not a military coup, but in line with the provision of the constitution of the Federal Republic of Nigeria.

He dismissed the rumours going round that the fracas was born out of his interest in the finances of the state, which he dismissed as “absolute rubbish.”

“No body can take away the political structure in Rivers; nobody can intimidate me. If I want to do something, I will do it.

“The impeachment is not a military coup; it is provided under the constitution. Also, I am not interested in all the rumours, money, this, and that. Rubbish. Absolute rubbish.

“I just left the office, how many months ago? And I am FCT Minister, so which money? But nobody can take away our political structure. No one.

“You cannot work, and people will begin to bring enemies; those who fought you when you were struggling for the person to be in office. Nobody does that.

“I am not a political ingrate, but don’t touch the political structure of the state. I will not shut my eyes,” Wike said.

The minister thanked the forum for the visit and further thanked President Tinubu for finding him worthy to serve in his cabinet, stressing that he was still a member of the PDP working for Tinubu and not APC.

“Forget about the Obidients and the Atikus who have lost and felt that I did not support them, and those that I revoked their Certificate of Occupancy.

“Oh! Wike did this; Wike did that because I didn’t support Obi, and didn’t support their own Presidential candidate, and all of you just teamed up ‘Wike! Wike! Wike!’.

“I am not disturbed; I will do what is right; and my conscience is clear. I am not the person you think that you will now go to social media and say all kinds of things.

“You must be careful, I have the capacity to fight back”, he warned.

Earlier, Mohammed thanked Wike for the willingness to resolve crises, noting that the forum had waded into the matter because of the importance of Rivers to the party.

He also commended the Tinubu for appointing one of their own to serve in his government, noting that Wike’s antecedents spoke volumes about his ability to lead.

Source: News Agency of Nigeria

FCTA introduces e-booking, ticketing of vehicles to block revenue leakages

The Federal Capital Territory Administration (FCTA) has introduced e-booking and e-ticketing of vehicles in the Federal Capital City, Abuja, to block revenue leakages.

Dr Abdulateef Bello, Director, Directorate of Road Traffic Services (DRTS), FCTA, made this known during a training of operational staff of the directorate on e-booking and e-billing systems in Abuja on Wednesday.

Bello explained that the move was to curb revenue leakages, promote transparency, accountability, and effectiveness in the FCT traffic management system.

He said that the implementation of the e-ticketing system would begin in the city centre due to the heavy traffic before it would be extended to the suburbs in days to come.

The director explained that the system would allow offenders to appeal or protest unsatisfactory bookings to ensure justice and address discrepancies.

“This evolution will empower DRTS officers to serve the public better by delivering services that are not only seamless but efficient and transparent.

“The new paperless system exemplifies our commitment to leveraging cutting-edge technology to serve our community with unparalleled efficiency and integrity.

“This will equally eliminate the challenges associated with manual systems. It will also help us to manage fines and ticketing systems while minimizing revenue leakages,” he said.

Bello said that with the e-platforms in place, the directorate would be able to have a comprehensive record of all transactions.

This, he said, would ensure that every money due to the government goes to the government and accounted for.

He added that the systems offer seamless payment options for offenders and would enhance their overall experience while interacting with the officials of the directorates.

“It provides easy access to penalty records from various endpoints, audit trail history and other related data analytics.

“This will ensure accountability and informed decision-making,” he added.

The News Agency of Nigeria (NAN) reports that the training was attended by all operational staff from the 22 commands of the directorates.

Source: News Agency of Nigeria

Increasing access to treatment for cleft victims in Nigeria

Cleft lip and palate are birth defects that occur when a baby’s lip or mouth do not form properly during pregnancy. These birth defects are commonly known as “Orofacial Clefts”.

Cleft is caused by a combination of genes and other environmental factors that an expectant the mother comes in contact with, including what she eats or drinks, or certain medications she uses during pregnancy.

Other factors may include diseases like diabetes, obesity, and excessive consumption of cigarettes or alcohol, as well as poor mother’s nutrition level.

The World Health Organisation (WHO) stated that globally, one in every 700 children is born with the condition.

WHO added that one in 1,200 children estimated cleft incidences, are of African descent. 19,000 cleft children are born every year in Africa, out of which 12,000 are in West Africa and 6,000 in Nigeria.

Dr Akintunde Akintayo, a Consultant Surgeon with the Plastic and Reconstruction Unit, Department of Surgery, Jos University Teaching (JUTH), had told the News Agency of Nigeria (NAN), in an interview that cleft often occurred when certain body parts and structures did not properly fuse together during fetal development.

According to Akintayo, cleft lip is a congenital opening on the lip, while the palate is an opening in the throat.

“As a baby develops during pregnancy, body tissue and special cells from each side of the head grow towards the center of the face, and join together to make the face.

“A cleft lip happens if the tissue that makes up the lip does not join completely before birth and this results in an opening in the upper lip.

“The opening in the lip can be a small slit or it can be a large opening that goes through the lip into the nose.

“A cleft lip can be on one or both sides of the lip, or in the middle of the lip, which occurs very rarely. Children with cleft lip also can have cleft palate,’’

Akintayo, who said that the abnormality could be hereditary, added that the mother’s lifestyle during pregnancy could increase her chances of having a child with cleft.

He, however, assured that cleft was treatable.

The surgeon explained that anyone born with cleft might likely have other abnormalities, and therefore, advised mothers to be wary of their lifestyles during pregnancy.

“Cleft is hereditary; it can be transferred from parents to children. But it is a treatable condition.

“It is not possible to have a society that’s totally free of cleft because it is genetic, and it is difficult to correct genes, but the cases can be reduced.

“When both parents have cleft, it increases the chances of their children coming up with the condition.

“But specifically, mothers must take good care of themselves and avoid indiscriminate consumption of medicines during pregnancy.

“We also advice intending couples, who both have cleft, against getting married; this will automatically reduce the number of cleft victims in our society,”

How enlightened are people about this condition? But how can access to treatment be increased for victims of cleft? Whose responsibility is it to ensure such access? What is the government’s role in tackling the menace? These and more are the questions that readily come to mind in a bid to understand the condition and curb it.

In the light of the above, and worried by the situation, Smile Train, a non-profit organisation, founded in 1999, with its headquarters in New York City, has been providing corrective surgery for children with clefts.

Currently, it provides free corrective cleft surgery in 87 countries, training local doctors and providing hospital funding for the procedures, with the sole aim of supporting 100 per cent free cleft repair surgery and comprehensive cleft care for children globally.

In Nigeria for instance, Smile Train has sponsored more than 25,000 free cleft treatments since 2002.

Beyond the surgeries, its sustainable model empowers local medical professionals to provide other cleft care in their own communities such as orthodontics, speech therapy and nutritional support.

Commending smile train for providing free treatment for cleft victims, Akintayo said that the organisation had sponsored more than 300 free surgeries in JUTH since 2007.

According to him, the free treatment introduced by Smile Train and other similar organisations has increased access to treatment for victims.

“But we need to do more in creating awareness, particularly in rural communities.

“Smile Train is doing well in this regard, but a lot of victims are still not aware of the existing free treatment.

“In JUTH, surgery for cleft costs between N75,000 to N100,000. These figures may look small, but it is big for a family with a lean income.

“Inhabitants of urban cities like Jos may not know how and where to access free cleft treatment, but the people in rural communities must be adequately sensitised in this regard.”

Prof. Emmanuel Ameh, of the Department of Paediatrics Surgery, National Hospital, Abuja, who also threw more light on the condition, called on federal and state governments to commit more funds towards improving surgical treatment and care for cleft victims.

According to Ameh, the spate of deaths due to unavailability of surgical procedures for those with medical conditions such as cleft, keep going higher, and that the policymakers, who should consider the issue as critical, usually view surgical care as too expensive.

He noted that the government often placed more emphasis on treating infectious diseases over other health conditions.

“Over the years, policymakers believe surgical care is very expensive and tend to neglect that aspect of medicine.

“Government at all levels lay more emphasis on infectious diseases over other medical conditions and one classical example is the outbreak of COVID-19 pandemic.

“Currently, nine out of 10 people in Low-Income Countries such as Nigeria lack access to basic surgical care.

“So, there is a need for the government to invest more funds into surgical and anaesthetic care.”

He further advised the government to expand surgical care to cover 75 per cent of the population and 50 per cent of children less than 15 years of age.

The surgeon further called on the government to ensure that the National Health Insurance Scheme (NHIS), removed restrictions on the treatment of surgical conditions.

Ameh also called on the government to train more experts in providing surgical care, particularly in the aspect of life support.

Rhoda Ajiji, a beneficiary of the free treatment offered by smile train, narrated her ordeal before she could access treatment.

Ajiji, a resident of Maijuju community, in Jos East Local Government Area of Plateau, said that some people from her community did everything to prevent her from getting treated.

“In 2009, I heard of the free treatment offered in JUTH by Smile Train. It was at the village market that someone told me about it.

“But when people in my community, including members of my family, heard of it, they refused me going for the treatment.

“They warned those with motorcycles or cars not to pick me, so, I had to trek for two days to go to JUTH for treatment,”

Dismissing the claim in some quarters that cleft could be a spiritual attack on the victims, Rev. Ayuba Asheshe, the Secretary General of Evangelical Church Winning All (ECWA), agreed with Akintayo that it was a genetic condition.

According to Asheshe, the Church does not discriminate against anyone on the basis of their health condition, but supports people, irrespective of religious background, to seek medical help when in need of one.

“Most Churches today have established hospitals and these facilities cater for the health needs of not just its members, but the general public, irrespective of religious or cultural affiliations.

“So, the Church does not discriminate on basis of health condition, but we support our members to seek medical attention alongside prayers when passing through any health challenge,”

Asheshe promised to create awareness on the availability of free treatment for people with cleft lip and palate.

Da Samuel Jok, the District Head of Riyom, promised to support the efforts of Smile Train, and other relevant agencies in providing succor to all cleft victims in rural communities.

Therefore with concerted efforts by critical stakeholders in the health sector, it is believed that cases of cleft in Nigeria, particularly in rural communities, would drastically reduce, as those who are currently suffering from the condition would access the free treatment courtesy of Smile Train.

Source: News Agency of Nigeria

Emir of Kano lauds Air Peace’s inaugural commercial flight to Jeddah

Emir of Kano, Alhaji Aminu Ado-Bayero has commended Air Peace Airline’s Tuesday’s maiden commercial flight to Jeddah.

The airline’s spokesman, Mr Stanley Olisa, stated in Ikeja on Wednesday that the emir commended Air Peace for expanding its Asian footprints with Tuesday’s flight.

Air Peace operated its maiden commercial flight from Kano to Jeddah on Tuesday on a B777s jet carrying 231 passengers.

The airline had in the past been operating chartered flights to Saudi Arabia on Hajj operations.

The emir noted that with the launch of the scheduled nonstop flights to Jeddah, Air Peace would further deepen bilateral ties between Nigeria and Saudi Arabia, boost economies of both countries and advance mutual development.

Ado-Bayero also commended the Chairman of Air Peace Airlines, Dr Allen Onyema for the impact he was creating in the country through the airline.

He thanked the Saudi Arabian authorities, travel partners and the Nigerian government for making the launch possible.

Reacting, Onyema described Air Peace’s entry into Jeddah as a milestone, stating that Jeddah was the airline’s sixth international destination in nine years of launch of commercial operations.

“This is huge, not just for Air Peace, but for Nigeria.

“We are undoubtedly exemplifying our ambition of connecting Nigeria to the world with world-class flight services.

“Air Peace is on a mission to easing the air travel burdens of Nigerians and plugging the connectivity gaps that had hitherto existed.

“We are happy to be serving as a means of solidifying socio-economic ties between Nigeria and other countries of the world,’’ Onyeama said.

He noted that Nigeria and Saudi Arabia had always cooperated smoothly with religious tourism being a key driver of the relationship.

He said that in line with its route expansion drive, Air Peace would launch flight operations into London soon.

Onyeama expressed gratitude to the emir of Kano who felicitated with the airline during its recent ninth anniversary, describing the emir as a bridge-builder.

He also applauded Ado-Bayero for his contributions to nation-building, adding that the nation needed more of such traditional rulers.

He said Air Peace was modernising and increasing its fleet as it already signed an order for five new E175 aircraft in addition to existing orders for 15 Boeing MAX aircraft.

Source: News Agency of Nigeria

We’ll create conditions for genuine investment – Tinubu

President Bola Tinubu has assured genuine businesses intending to invest in Nigeria that his government was determined to create the conducive atmosphere for genuine businesses to thrive.

Tinubu, who was represented by the Secretary to the Government of the Federation, Sen. George Akume, said this in Abuja at the opening of the 2nd edition of the Africa Natural Resources and Energy Summit (AFNIS).

He warmed that the government would no longer tolerate criminal adventures and their criminal collaborators.

According to him, the government will do everything possible to lower the risks of investment by overcoming the temptation to interfere in the legitimate business operation of duly licenced miners.

“Dear investors, we are determined to create the conducive conditions for genuine businessmen.

“We welcome you and shall do everything possible to assist law-abiding businesses to operate in our country.

“However, we shall no longer tolerate criminal adventures and their local collaborators who exploit our socio-economic – environment to sabotage our nation, in the guise of bringing business.

“Those caught will face the full wrath of our laws, ‘” he said.

The president said that the said that the AFNIS event was also an opportunity to discuss new ideas and display new technologies.

” Our country does not Intend to “re-invent the wheel”.

“We hope to leverage on the advancement of technology so that our solid minerals can catch up with the world,” he said.

He called on geologists, , and all other professionals in the field, to put on their thinking caps, and establish Nigeria as an intellectual, professional and industrial hub in solid mineral exploitation, manufacture and export in Africa.

Also speaking, the Minister of Solid Minerals Development, Mr Dele Alake said that Nigeria has witnessed the transformative potential of the solid minerals sector.

Alake expressed government’s renewed commitment to effectively harness the resources for the benefit of all Nigerians.

“In Nigeria, we have witnessed the transformative potential of our solid minerals sector and the vast opportunities that lie within it.

“We are committed to harnessing these resources effectively, efficiently and sustainably to drive economic growth and create prosperity for our citizens.

” Our efforts in this direction have already yielded positive results, with increased exploration, investment, and responsible mining practices taking center stage,” Alake said.

According to him, the global energy landscape is also undergoing a profound transformation.

He said that the imperative of combating climate change was steering us towards cleaner and more sustainable energy sources driving our industrial activities towards less carbon footprints.

“We must embrace this transition, seizing the opportunities it presents for innovation, job creation, and a healthier planet.

“Nigeria, with its vast energy potential, is poised to play a pivotal role in this journey.

“We must work collaboratively to diversify our energy sources, promote renewable energy, and implement energy efficiency measures,”

.

Source: News Agency of Nigeria

Investment in solid minerals will boost FX inflow, job creation – Minister

Minister of Steel Development, Prince Shuaibu Audu, says the Federal Government will enforce the processing of industrial raw materials locally to boost foreign exchange inflow and enhance job creation.

Addressing the 2nd edition of the Africa Natural Resources and Energy Investment Summit on Tuesday in Abuja, Audu said some pathways had been suggested that transition metals could be produced locally with requisite value addition.

He said such pathways included enforcing the processing of raw materials locally.

“Government will provide an environment conducive to investments in minerals processing plants across the country.

“This will ensure FOREX proliferation and creation of jobs for skilled and unskilled workers in the mining sector.

“We must improve promotional activities for specific minerals; we must build on several on-going initiatives to grow Nigeria’s mining sector.

“Local and global promotion needs to be intensified on lithium, gold, limestone, among others to attract investments into the sector,’’ he said.

The minister said the government would also invest in exploration of bankable data for mining.

“Government will encourage investments in the determination of large volumes and deposits of transition metals.

“We need to secure the mining environment; ensuring a secure environment through enhanced security initiatives remains one of the matters that require urgent attention.

“We need to establish host communities mineral development fund.

“This will address the challenges investors usually encounter with local communities on ownership of mineral deposits,’’ he said.

Audu noted that Nigeria’s journey in the mining sector had been both transformative and evolutionary.

According to him, as Nigeria stands at the cusp of a new era, the pursuit of value addition becomes paramount, particularly in the realm of transition metals.

“The demand for these metals, crucial in the development of green technologies, has surged globally.

“Africa’s potential to meet this demand is vast, yet largely untapped.

“The key lies not only in extracting these metals, but in harnessing our capabilities to produce and refine them locally.

“Doing so is an opportunity to foster economic growth, create jobs, and also maintain control over our resource value chain.

“By investing in domestic refining and production capabilities, we are adding value and also paving the way for sustainable development,’’’ the minister stressed.

He said collaboration between the Federal Government and sub-national governments, industry stakeholders, and investors was necessary to build a robust infrastructure, promote innovation, and instigate supportive policies that encouraged local value addition.

“Furthermore, it calls for a commitment to sustainability, incorporating responsible mining practices, and embracing environmentally-friendly production techniques to mitigate any adverse impact on the ecosystem.

“As the minister of steel development, I stand committed to supporting initiatives that foster the local production of transition metals.

“We are committed to a sustainable future that demands innovation and transformation in steel production, ensuring that our advancements align with global environmental standards,’’ Audu said.

Source: News Agency of Nigeria