SAN LOSS ALERT: ROSEN, NATIONAL TRIAL COUNSEL, Encourages Banco Santander, S.A. Investors to Inquire About Securities Class Action Investigation – SAN

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Banco Santander, S.A. (NYSE: SAN) resulting from allegations that Santander may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Santander securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=22671 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On February 5, 2024, the Financial Times published an article entitled “Iran used Lloyds and Santander accounts to evade sanctions.” This article stated, in part that “Santander UK provided accounts to British front companies secretly owned by a sanctioned Iranian petrochemicals company based near Buckingham Palace, according to documents seen by the Financial Times.”

On this news, Santander’s American Depositary Shares (“ADSs”) fell $0.24 per ADS, or 5.7%, to close at $3.94 per ADS on February 5, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9087753

EQIX INVESTOR NOTICE: ROSEN, A HIGHLY RECOGNIZED LAW FIRM, Encourages Equinix, Inc. Investors to Inquire About Securities Class Action Investigation – EQIX

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Equinix Inc. (NASDAQ: EQIX) resulting from allegations that Equinix may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Equinix securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=23498 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 20, 2024, before the market opened, Hindenburg Research released a report entitled “Equinix Exposed: Major Accounting Manipulation, Core Business Decay And Selling an AI Pipe Dream As Insiders Cashed Out Hundreds of Millions.” In part, Hindenburg stated its “investigation, which included a review of financial and litigation records and interviews with 37 former Equinix employees, industry experts and competitors, revealed that Equinix manipulates its accounting for AFFO (“adjusted funds from operations”), the key profitability metric for REITs [“(Real Estate Investment Trust”)]. We estimate this metric was overstated by at least 22% in 2023 alone.”

On this news, Equinix’s stock fell $19.70 per share, or 2.3%, to close at $824.88 per share on March 20, 2024.

Then, on March 25, 2024, Equinix filed an 8-K with the U.S. Securities and Exchange Commission, which contained a press release in which Equinix announced that the Audit Committee of the Company’s Board of Directors had commenced an independent investigation to review the matters referenced in the Hindenburg report. Equinix also announced that it had received a subpoena from the U.S. Attorney’s Office for the Northern District of California shortly after the release of the Hindenburg report.

On this news, Equinix’s stock fell $8.45 per share, or 1.1%, to close at $792.52 per share on March 25, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9087754

ROSEN, A GLOBALLY RESPECTED LAW FIRM, Encourages Envoy Medical, Inc. Investors to Inquire About Securities Class Action Investigation – COCH

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Envoy Medical, Inc. (NASDAQ: COCH) resulting from allegations that Envoy may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Envoy securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=21369 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On December 19, 2023, Envoy disclosed in a filing with the U.S. Securities and Exchange Commission that “[o]n December 14, 2023, the audit committee (the ‘Audit Committee’) of the board of directors of Envoy … concluded that the Company’s previously issued unaudited interim financial statements included in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023 (the ‘Previous Financial Statements’ and such period, the ‘Affected Period’), should no longer be relied upon.”

Envoy stated that “[t]he determination relates to the Company’s interpretation of the accounting guidance applicable to the forward purchase agreement, dated April 17, 2023, by and among the Company, Envoy Medical Corporation, Meteora Special Opportunity Fund I, LP, Meteora Capital Partners, LP, Meteora Select Trading Opportunities Master, LP and Meteora Strategic Capital, LLC (as amended to date, the ‘FPA’). The Company expects to restate the accounting treatment of the FPA for the Affected Period to reclassify the prepayment amount[.]” Envoy further stated “that the error above is consistent with the Company’s existing material weaknesses in internal control over financial reporting as of September 30, 2023, as previously disclosed in the Company’s Quarterly Report on Form 10-Q for the quarterly period ended September 30, 2023.”

On this news, Envoy’s stock price fell $0.27 per share, or 10%, to close at $2.25 per share on December 20, 2023.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

        Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9087772

ROSEN, A LEADING LAW FIRM, Encourages Waldencast plc Investors to Inquire About Securities Class Action Investigation – WALD, WALDW

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) — WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of Waldencast plc (NASDAQ: WALD, WALDW) resulting from allegations that Waldencast may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased Waldencast securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=18362 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On July 5, 2023, after the market closed, Waldencast filed a current report with the Securities and Exchange Commission in which it disclosed, among other things, that it intended to “restate its consolidated financial statements for the Relevant Periods”, which were the periods ending December 31, 2021, March 31, 2022, June 30, 2022, and September 30, 2022. Waldencast announced it had “determined that a material weakness existed in the Company’s internal control over financial reporting during the relevant periods.”

On this news, Waldencast’s stock fell $0.76 per share, or 10%, to close at $6.63 per share on July 6, 2023.

Then, on January 16, 2024, Waldencast reported its financial results for the fiscal year ended December 31, 2022, which included restated financial statements.

On this news, Waldencast’s stock fell $1.57 per share, or 15%, to close at $8.70 per share on January 16, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9087744

ROSEN, NATIONALLY REGARDED INVESTOR COUNSEL, Encourages bluebird bio Inc. Investors to Inquire About Securities Class Action Investigation – BLUE

NEW YORK, April 10, 2024 (GLOBE NEWSWIRE) —

WHY: Rosen Law Firm, a global investor rights law firm, continues to investigate potential securities claims on behalf of shareholders of bluebird bio Inc. (NASDAQ: BLUE) resulting from allegations that bluebird may have issued materially misleading business information to the investing public.

SO WHAT: If you purchased bluebird securities you may be entitled to compensation without payment of any out of pocket fees or costs through a contingency fee arrangement. The Rosen Law Firm is preparing a class action seeking recovery of investor losses.

WHAT TO DO NEXT: To join the prospective class action, go to https://rosenlegal.com/submit-form/?case_id=23843 or call Phillip Kim, Esq. toll-free at 866-767-3653 or email case@rosenlegal.com for information on the class action.

WHAT IS THIS ABOUT: On March 26, 2024, before the market opened, bluebird filed an 8-K with the SEC in which it announced, “[o]n March 24, 2024, the Audit Committee of the Board of Directors (the “Audit Committee”) of the Company, based on the recommendation of management and after consultation with EY, concluded that the Company’s previously-issued audited consolidated financial statements for each fiscal year beginning January 1, 2019 and its previously-issued unaudited interim condensed consolidated financial statements for each of the first three quarters in such years, as well as the associated earnings releases and investor presentations or other communications describing such financial statements, were materially misstated and, accordingly, should no longer be relied upon.”

On this news, bluebird’s stock fell $0.16 per share, or 11.8%, to close at $1.20 per share on March 26, 2024.

WHY ROSEN LAW: We encourage investors to select qualified counsel with a track record of success in leadership roles. Often, firms issuing notices do not have comparable experience, resources, or any meaningful peer recognition. Many of these firms do not actually litigate securities class actions. Be wise in selecting counsel. The Rosen Law Firm represents investors throughout the globe, concentrating its practice in securities class actions and shareholder derivative litigation. Rosen Law Firm has achieved the largest ever securities class action settlement against a Chinese Company. Rosen Law Firm was Ranked No. 1 by ISS Securities Class Action Services for number of securities class action settlements in 2017. The firm has been ranked in the top 4 each year since 2013 and has recovered hundreds of millions of dollars for investors. In 2019 alone the firm secured over $438 million for investors. In 2020, founding partner Laurence Rosen was named by law360 as a Titan of Plaintiffs’ Bar. Many of the firm’s attorneys have been recognized by Lawdragon and Super Lawyers.

Follow us for updates on LinkedIn: https://www.linkedin.com/company/the-rosen-law-firm, on Twitter: https://twitter.com/rosen_firm or on Facebook: https://www.facebook.com/rosenlawfirm/.

Attorney Advertising. Prior results do not guarantee a similar outcome.

——————————

Contact Information:

Laurence Rosen, Esq.
Phillip Kim, Esq.
The Rosen Law Firm, P.A.
275 Madison Avenue, 40th Floor
New York, NY 10016
Tel: (212) 686-1060
Toll Free: (866) 767-3653
Fax: (212) 202-3827
case@rosenlegal.com
www.rosenlegal.com

GlobeNewswire Distribution ID 9087732

EMGA secures US$ 50M debt finance for Kazakhstan’s MFO KMF

LONDON, April 09, 2024 (GLOBE NEWSWIRE) — Emerging Markets Global Advisory LLP (EMGA) announces they have secured a US$50M facility senior debt facility from JICA, The Japan International Cooperation Agency.

KMF Chairman of the Board Shalkar Zhusupov: “This is the first time that KMF has entered into a partnership with JICA, whose goals and mission are close to our own. We are grateful to EMGA and JICA for their trust and support. The funds from JICA will be used to implement projects to support micro and small enterprises, including rural entrepreneurs, which will create new opportunities and contribute to their economic growth.”

EMGA’s Head of Investment Banking and Managing Director Sajeev Chakkalakal said, “We are delighted to have arranged this new landmark debt facility for our long-standing client KMF. It has been a real pleasure to work with them again, as they continue to solidify their position as the largest MFI in the country, and further strengthen their financial position in spite of turbulent times.”

EMGA’s Managing Director Jeremy Dobson added, “This new financing will help KMF deliver on their stated mission; to continue to help entrepreneurs throughout Kazakhstan, and to develop their business with a greater focus on female owned businesses and in rural areas.”

MFO KMF is one of the leaders in Central Asian microfinance sector. The company aims to establish long-term partnership relations with clients based on mutual trust, understanding and respect. MFO “KMF” disburses clients individual and group loans for the following types of activity: business, trade, crop farming and cattle-breeding, production and services and consumer lending.

JICA: The Japan International Cooperation Agency is a governmental agency that delivers the bulk of Official Development Assistance for the government of Japan. It is chartered with assisting economic and social growth in developing countries, and the promotion of international cooperation.

Emerging Markets Global Advisory Limited (EMGA), with offices in London and New York, helps financial institutions and corporates seeking new debt or equity capital. EMGA’s multi-national team combine the decades of experience necessary to complete transactions on behalf of their clients within the world’s emerging markets and frontier economies, including Kazakhstan which remains a key market. With a proven track record in capital formation and strategic advisory throughout diverse economic cycles, EMGA continues expanding its geographic reach and service offering, solidifying its place in the market as one of the industries pre-eminent emerging markets focused niche investment banks.

Contact details
info@emergingmarketsglobaladvisory.com

GlobeNewswire Distribution ID 1000933917

ASICS Global Study Shows Link Between Regular Exercise in Teenage Years and Positive Mental Wellbeing in Adulthood

ASICS State of Mind Study
Moving your body as a teenager will also move your mind as an adult
Moving your body as a teenager will also move your mind as an adult
  • Global ASICS study of 26,000 people reaffirms the connection between movement and the mind and uncovers a direct link between teenage physical activity and adult mental wellbeing
  • Each additional year a teenager remains engaged in exercise is associated with improved State of Mind scores in adulthood, with the ages of 15-17 identified as the most critical years for staying active
  • Yet, younger generations are disengaging from exercise earlier and in larger numbers, potentially impacting their mental wellbeing now and for years to come

LONDON, April 09, 2024 (GLOBE NEWSWIRE) — Today, ASICS is announcing the results of its second Global State of Mind Study, which reaffirms a positive link between physical exercise and mental wellbeing and uncovers a link between being physically active in teenage years and positive mental wellbeing in adulthood.

The study of over 26,000 respondents across 22 countries found that the more people exercise, the higher their State of Mind scores1. Across the globe, respondents who are regularly active2 have an average State of Mind score of 67/100, while inactive3 people have a much lower State of Mind score of just 54/100.

What’s more, the study uncovered that being physically active in your teenage years directly impacts your mind later in life. Participants who engaged in exercise throughout their adolescence report higher activity levels and State of Mind scores as adults. The findings indicate that remaining active as a teenager is key to establishing good exercise habits that last into adulthood and positively impact adult mental wellbeing.

In fact, the study was able to pinpoint the ages of 15-17 as the most critical years for staying active and when dropping out of exercise significantly affects your mental state for years to come. Those who regularly exercised at 15-17 years old are found to be more likely to remain active later in life and report higher State of Mind scores as adults (64/100 vs 61/100) than those who weren’t active during these years.

In comparison, respondents who dropped out of exercise before the age of 15 displayed the lowest activity levels and lowest State of Mind scores in adulthood. 30% are still inactive as adults and they are shown to be 11% less focused, 10% less confident, 10% less calm and 10% less composed compared to those who were able to exercise throughout adolescence.

In fact, every year a teenager remained engaged in regular exercise is associated with improved State of Mind scores in adulthood. Those who stopped exercising before the age of 15 display an average State of Mind score 15% lower than the global average, while a decline in physical activity at 16-17 and before the age of 22 reduced their average scores by 13% and 6% respectively.

Worryingly, the study also uncovered an exercise generation gap, with younger generations being increasingly less active. 57% of the Silent Generation (aged 78+) said they were active daily in their childhoods compared to just 19% of Gen Z (aged 18-27), showing a concerning trend of younger generations dropping out of physical activity earlier and in larger numbers than the generations before them.

Globally, members of Gen Z have the lowest State of Mind scores with an average of 62/100 compared to the Baby Boomers’ 68/100 and the Silent Generation’s 70/100.

Professor Brendon Stubbs, a leading researcher in exercise and mental health from King’s College London, said: “It is worrying to see this decline in activity levels from younger respondents at such a critical age, particularly as the study uncovered an association with lower wellbeing in adulthood”.

Gen Zs across the world are already exhibiting the lowest State of Mind scores (62/100) in comparison to the Silent Generation (70/100), so this could be hugely impactful for future mental wellbeing across the world.”

Tomoko Koda, Managing Executive Officer for ASICS, said: ASICS was founded on the belief that sport and exercise benefit not only the body, but also the mind. It’s why we’re called ASICS: ‘Anima Sana in Corpore Sano’ or ‘Sound Mind in a Sound Body’. The results of our second global State of Mind Study show how important it is that young people stay active and the impact this can have on their minds for years to come. At ASICS, we’re committed to supporting and inspiring people to move for positive mental wellbeing throughout their lifetime.”

To find out more visit:
https://www.asics.com/us/en-us/mk/stateofmindstudy2024

NOTES FOR EDITOR

About the ASICS 2024 State of Mind Study
The 2024 State of Mind Study was conducted between 17 November – 21 December 2023 and explored the relationship between exercise and State of Mind across the world.

Over 26,000 people were surveyed across 22 markets including Australia, Brazil, Canada, Chile, China, Colombia, France, Germany, India, Italy, Japan, Malaysia, Netherlands, Saudi Arabia, Singapore, South Africa, Spain, Sweden, Thailand, UAE, the UK and the US. Each market sample was nationally representative by age and gender.


1The ASICS State of Mind score is out of 100, calculated based on the accumulative mean scores across ten cognitive and emotional traits – positive, content, relaxed, focused, composed, resilient, confident, alert, calm, energized.

2150 minutes or more of physical activity per week (as defined by Sport England).

3Less than 30 minutes of physical activity per week (as defined by Sport England).


Anima Sana In Corpore Sano, meaning “A Sound Mind in a Sound Body,” is an old Latin phrase from which ASICS is derived and the fundamental platform on which the brand still stands. The company was founded more than 60 years ago by Kihachiro Onitsuka and is now a leading designer and manufacturer of running shoes as well as other athletic footwear, apparel and accessories. For more information, visit www.asics.com.

The stripe design featured on the sides of the ASICS® shoes is a registered trademark of ASICS Corporation.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/25d28040-7b04-44cb-a421-97418e91c297

MEDIA CONTACTS:
For further information or to organise interviews, please contact asics.somi@golin.com

GlobeNewswire Distribution ID 1000933726

AI-Media Unveils Enhanced Lexi Tool Kit at NAB 2024

World Leader in AI-Powered Captioning Solutions Introduces the new LEXI DR (Disaster Recovery) and LEXI Recorded

AI-Media Launches LEXI DR (Disaster Recovery) Captioning Solution

World Leader in AI-Powered Captioning Solutions Introduces the new LEXI DR (Disaster Recovery) and LEXI Recorded at NAB Show 2024

NEW YORK, April 08, 2024 (GLOBE NEWSWIRE) —  AI-Media, the global leader in AI-powered captioning, is set to unveil two new products at the prestigious NAB Show 2024, scheduled from 14-17 April in Las Vegas USA. Renowned for its cutting-edge innovations serving the broadcast industry, AI-Media’s latest offerings; LEXI DR (Disaster Recovery) and LEXI Recorded are poised to revolutionize the captioning market.

In addition to showcasing numerous updates on products such as LEXI and our IP and SDI range of encoders, AI-Media is most excited to showcase the new LEXI DR product, a groundbreaking solution that ensures uninterrupted captioning delivery even in the face of cloud and connectivity disruptions. With LEXI DR, broadcasters can rest assured that their captions will always remain on air with minimal interruption, thanks to seamless caption workflow integration, on-premises redundant servers and flexible setup options via virtual machines or hardware. This solution offers 99.99% caption uptime, scalability with up to 10 instances available per LEXI DR unit plus the confidence that data is secure with robust encryption and security measures. LEXI DR exemplifies AI-Media’s commitment to providing reliable, resilient, and secure captioning solutions for the broadcast industry.

AI-Media will also introduce LEXI Recorded, designed to streamline the captioning process for recorded content. The solution offers unprecedented turnaround speed and cost efficiencies making it perfect for time-sensitive news clips, highlights, and promos. LEXI Recorded boasts features such as bulk processing, accuracy above 98%, flexible file output types, multilingual options, plus can be integrated into the caption workflow so files can be captioned without leaving the media management system. With LEXI Recorded, broadcasters can ensure fast, cost-effective captioning of their recorded content with unmatched precision and ease.

“At AI-Media, we are dedicated to pushing the boundaries of innovation to meet the evolving needs of our customers,” said James Ward, Chief Sales Officer at AI-Media. “We are thrilled to unveil LEXI Recorded and LEXI DR at NAB Show 2024, showcasing our relentless pursuit of excellence in captioning technology. LEXI DR represents the ultimate component in achieving full captioning automation. LEXI DR completes the automation of the captioning process. Previously, human intervention served as a backup, but LEXI DR revolutionizes this by eliminating the need for manual oversight.”

In addition to the product launches, AI-Media will feature an “Innovation Station” at their NAB booth, where attendees can explore exciting new technologies that are part of the company’s product roadmaps. Previews will showcase advancements in generative AI and its application in crafting topic models, also referred to as custom dictionaries. These topic models enhance accuracy by offering contextually relevant word suggestions and pronunciations based on themes, topics, and subject matter. Additionally, previews will feature innovations such as speaking subtitles or dubbing, as well as automated audio description. AI-Media is able to leverage decades of broadcast experience to ensure their captioning solutions are interoperable across different workflows, video standards and regions. As a leading innovator in the captioning industry, AI-Media remains committed to driving progress and shaping the future of accessible media worldwide.

For more information about AI-Media and its groundbreaking captioning solutions, visit:

AI-Media: AI-Media.tv

LEXI DR (Disaster Recovery): https://hubs.ly/Q02rWtMD0

LEXI Recorded: https://hubs.ly/Q02rWtLS0

About AI-Media:

Founded in Australia in 2003, AI-Media is a pioneering technology company specializing in innovative captioning workflow solutions. As a global leader, AI-Media provides high-quality AI-powered live and recorded captioning and translation technology and solutions to a diverse range of customers and markets worldwide. For the first time in February 2024, AI-Media was able to unveil groundbreaking data showcasing the superiority of its AI captioning product, LEXI, over traditional human workflows. This milestone further solidifies AI-Media’s position as the foremost AI technology leader in live and recorded captioning workflow solutions. With a commitment to utilising our deep industry experience and sophisticated AI technology to create solutions which streamline and simplify processes, AI-Media empowers leading broadcasters, enterprises and government agencies globally to ensure seamless accessibility and inclusivity in their content. Ai-Media (ASX: AIM) commenced trading on the ASX on 15 September 2020.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0fde5af3-8765-4882-abaa-03746dcde8af

Media Contact: Fiona Habben – Fiona.habben@ai-media.tv

GlobeNewswire Distribution ID 9086266