eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

eXp Realty Supercharges Agent Earning Potential

Introducing the “Accelerate” agent incentive program, breaking down growth barriers through accelerated revenue share opportunities

BELLINGHAM, Wash., Sept. 07, 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), today announced the launch of Accelerate – an incentive program focused solely on helping eXp agents build for their future by maximizing their revenue share earning potential during their first year with the company.

“In the lifespan of an agent, a critical component of long-term success is the ability to build for their retirement, so we launched Accelerate to help catalyze their potential earnings and create momentum in the first year and build for their future,” said Glenn Sanford, Founder and CEO of eXp Realty. “We continue to be relentlessly focused on delivering a model that puts agents first. I couldn’t be more proud of what we have created, especially for those looking to build long-term wealth, with our revenue share and equity programs for agents, as well as a favorable cap and split model.”

Accelerate, which is available in all 24 countries where eXp Realty operates, applies to agents who joined on or after March 1, 2023. The program automatically opens revenue share tiers 2 and 3 for 12 months beginning Sept. 7, 2023, creating the opportunity to have 10 front line qualifying agents (FLQA) immediately. This can open up the eXponential components of eXp’s revenue share program in that first year. After the 12-month period, standard revenue share criteria will apply.

“Accelerate was designed to reduce barriers and incentivize agents to grow their organizations,” said Michael Valdes, Chief Growth Officer, eXp Realty. “It enables them to focus on selling and growing their businesses while earning the maximum potential revenue share for tiers two and three for the first year. Our aligned compensation model, where agents are rewarded for both production and contributions to eXp’s growth, brings more value than ever before.”

This launch comes on the heels of the company’s June announcement that, for the first time, was refining revenue share criteria for its agents, reducing the current FLQA tier 7 threshold from 40 to 30 FLQA. As part of its efforts to continually enhance its model, the company also launched Boost, a program designed to financially incentivize qualifying independent teams and brokerages to join eXp Realty.

Revenue share is just one part of eXp Realty’s aligned compensation model, which also includes competitive commissions and stock equity programs designed to enable its agents to build for their future.

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 88,000 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. 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/04ad7948-9819-48ea-92e3-6e0804785bab

GlobeNewswire Distribution ID 8918619

eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

eXp World Holdings Appoints Fred Reichheld to Board of Directors

Net Promoter® System creator and one of the world’s leading experts on customer and employee loyalty brings unparalleled knowledge of employee and customer satisfaction

BELLINGHAM, Wash., Sept. 07, 2023 (GLOBE NEWSWIRE) —  eXp World Holdings, Inc. (Nasdaq: EXPI) (the “Company”) this week announced the appointment of Net Promoter® System (NPS) creator Fred Reichheld to the Company’s board of directors, effective Sept. 7, 2023.

“We are honored to welcome Fred Reichheld to our Board of Directors,” said Glenn Sanford, Founder, CEO and Chairman of eXp World Holdings. “For companies that value customer and employee satisfaction and loyalty, as we do, the holy grail is the Net Promoter System. Conducting regular NPS surveys with our agents and staff since 2016 is core to delivering on our agent-centric mission, and Fred shared his wisdom with our team at this year’s Shareholder Summit. I am thrilled to have him on our Board of Directors and look forward to working even more closely together.”

In addition to creating the NPS system, Reichheld is a sought-after speaker and best-selling author. His most recent book, “Winning on Purpose: The Unbeatable Strategy of Loving Customers,” explains how NPS helps companies become truly customer-centric, experiencing profitable growth through systematically converting more customers into promoters and fewer into detractors. He is currently a Bain & Company Fellow and founder of their Loyalty practice. He graduated with honors both from Harvard College (B.A., 1974) and Harvard Business School (M.B.A., 1978).

Concurrent with Reichheld’s appointment, Sir Darren Jacklin will step down but continue to serve on the eXp Realty Canada Board of Directors. Following these changes, the eXp World Holdings board will comprise seven directors, four of whom are independent. Jacklin served on the eXp World Holdings Board of Directors for nearly 10 years.

“Darren has been an integral part of this company, and we are fortunate to have his continued insight and leadership on the eXp Canada Board of Directors,” said Sanford. “I would like to personally thank him for all his many contributions over the years. His experience traveling to four continents and over 50 countries mentoring entrepreneurs and business owners on specific and measurable strategies designed to build their success was a great asset to us. eXp Canada will greatly benefit from his experience and wisdom.”

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 88,000 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. 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/097fbd03-129c-44d0-bb81-073f4d26b3a7

GlobeNewswire Distribution ID 8917806

Testμ Conference 2023: LambdaTest’s flagship conference leads a record-breaking journey in the world of software testing

LambdaTest’s TestMu Conference 2023 brought together over 20,000 testers, developers, and technology enthusiasts, 63 speakers, and 40+ prominent partners

San Francisco, Sept. 07, 2023 (GLOBE NEWSWIRE) — LambdaTest, a leading cloud-based unified testing platform concluded the second edition of the Testμ (‘TestMu’) Conference, a 3-day online testing conference, culminating in the recognition and celebration of exceptional testers and developers at the Delta Awards in Testing ceremony.

The conference attracted over 20,000 testers, developers, tech evangelists, and community leaders from the software testing community with a peak attendance of 6200+ audience. A diverse and international audience attended from 105+ countries for an average of 6 hours.

The event featured 63 speakers, including industry veterans and community leaders from 14 countries. These speakers shared insights into various aspects of software testing, offering diverse perspectives on the field. Notable speakers at Testμ 2023 included Anne-Marie Charrett (Principal Consultant & Founder, Testing Times), Mahesh Venkataraman (Managing Director, Cloud First, Accenture), Pradeep Soundararajan (Founder & CEO, Moolya & Bugasura), Shivani Gaba (Engineering Manager, Beyonnex), Andrew Knight (Automation Panda), Christian Bromann (Founding Engineer, Stateful Inc.), Maaret Pyhäjärvi (Development Manager, Vaisala), Marit van Dijk (Developer Advocate, JetBrains), and Marie Cruz (Developer Advocate, k6 by Grafana Labs), among others. The eminent speakers led 35+ sessions, AMAs, and panel discussions covering diverse testing topics from scaling career in QA, quality leadership, and testing micro frontends, to API testing, mobile automation, observability, and advancements in testing frameworks.

This year’s conference also shed light on the path to decoding the future of testing in the age of AI/ML and beyond.

Manoj Kumar, VP of Developer Relations and OSPO at LambdaTest said, “As a community, we have always strived to push the boundaries of what is possible in testing. Attendees were inspired to embrace new challenges and elevate their testing practices after hearing from industry leaders, experts, and enthusiasts.” he also added, “Testμ 2023 was an extraordinary journey delving into the ever-changing landscape of software testing. It was a successful event filled with meaningful discussions, workshops, and presentations, which encouraged participants to obtain new strategies and approaches in their organizations.”

The LambdaTest Delta Awards in Testing ceremony was also held as part of the TestMu Conference 2023. Launched with the purpose of celebrating and rewarding those who are passionate about quality and play a critical role in the software testing & QA community, the award ceremony recognized the winners across various categories.

The winners of the Delta Awards in Testing are as follows:

  • Rising Tester of the Year: Kelly Kenyon, Software Tester at Glean
  • Best Test Leaders of the Year:  Pricilla Bilavendran, Team Leader at Billennium, and Todd Lemmonds, VP of Quality Assurance at Lereta
  • Best Test Teams of the Year: Wesfarmers’s OneDigital and Culture Amp
  • Best Contributor in Open-Source Testing: Sri Harsha and Abhinaba Ghosh
  • Best Open-Source Projects in Testing: Hoppscotch and Appium Test Distribution
  • Best Test Tutor of the Year: Raghav Pal, Creator at AutomationStepByStep.com
  • Excellence in Testing: James Bach, Founder of the Rapid Software Testing Methodology

In the closing note ceremony, LambdaTest announced the next edition of the Testμ Conference. The Testμ Conference 2024 conference is scheduled to take place from August 20 to 22, 2024, offering an opportunity for software testing & QA experts, professionals, and enthusiasts to come together once again and explore the evolving landscape of testing.

To learn more about Testμ (TestMu) Conference 2024 and to submit talk proposals, visit: https://www.lambdatest.com/testmuconf-2024

About LambdaTest

LambdaTest is an intelligent and omnichannel enterprise execution environment that helps businesses drastically reduce time to market through Just in Time Test Orchestration (JITTO),  ensuring quality releases and accelerated digital transformation. Over 10,000+ enterprise customers and 2+ million users across 130+ countries rely on LambdaTest for their testing needs.

● Browser & App Testing Cloud allows users to run both manual and automated tests of web and mobile apps across 3000+ different browsers, real devices, and operating system environments.

● HyperExecute helps customers run and orchestrate test grids in the cloud for any framework and programming language at blazing-fast speeds to cut down on quality test time, helping developers build software faster.

For more information, please visit, https://lambdatest.com

LambdaTest press office: press@lambdatest.com

GlobeNewswire Distribution ID 8918417

Resonac ร่วมมือกับ Matmerize เพื่อบุกเบิกความก้าวหน้าทางเทคโนโลยี 6G โดยใช้ซอฟต์แวร์ AI ที่เป็นนวัตกรรม

แอตแลนตา, Sept. 07, 2023 (GLOBE NEWSWIRE) — ในความร่วมมือครั้งสำคัญครั้งนี้ Matmerize, Inc. ผู้บุกเบิก AI ด้านวัสดุและ Resonac Corporation ได้ก่อตั้งความร่วมมือเชิงกลยุทธ์โดยมีเป้าหมายเพื่อปฏิวัติภูมิทัศน์ของเทคโนโลยี 6G Resonac จะใช้ประโยชน์จากพลังของเทคโนโลยีซอฟต์แวร์ PolymRize™ AI ของ Matmerize เพื่อเร่งการพัฒนาวัสดุประณีตซึ่งมีประสิทธิภาพสูงเป็นพิเศษและวัสดุคอมโพสิตสำหรับเทคโนโลยี 6G และนอกเหนือจากนั้น ด้วยรากฐานการทำงานร่วมกันที่แข็งแกร่ง

ในเดือนมกราคม 2566 บริษัท Resonac Corporation ได้ประกาศแผนการที่จะพัฒนาวัสดุเซมิคอนดักเตอร์ใหม่สำหรับเทคโนโลยี 6G ซึ่งเป็นมาตรฐานระบบโทรคมนาคมยุคต่อไปถัดจาก 5G ด้วยการตั้งค่า 6G ให้เร็วกว่า 5G ถึง 100 เท่า จึงมีความจำเป็นต้องใช้วัสดุเซมิคอนดักเตอร์ใหม่เพื่อลดการสูญเสียการส่งสัญญาณที่เกี่ยวข้องกับความเร็วการสื่อสารที่เพิ่มขึ้นอย่างมาก เพื่อให้เป็นไปตามข้อกำหนดนี้ Resonac จะระบุวัสดุที่เหมาะสมที่สุดพร้อมคุณลักษณะที่ต้องการผ่านวิธีการคำนวณและปัญญาประดิษฐ์ (AI) โดยกิจการความร่วมมือกับ Matmerize, Inc. โดยที่การทดสอบด้วยตนเองด้วยการใช้เทคนิคแบบดั้งเดิมจะใช้เวลาสามเดือนในการประเมินการผสมผสานวัสดุเดี่ยว โดยซอฟต์แวร์ของ Matmerize ที่ชื่อว่า AI PolymRize™ จะช่วยลดเวลาที่ต้องใช้เหลือเพียงวันเดียว และสามารถประเมินการผสมผสานได้สูงสุดถึง 90 รูปแบบภายในช่วงสามเดือนเดียวกันดังกล่าว ผลลัพธ์ที่ได้ให้การรับรองว่าจะเป็นการผสมผสานกันระหว่างวิศวกรรมวัสดุและปัญญาประดิษฐ์ ซึ่งพร้อมที่จะกำหนดนิยามใหม่ของการพัฒนาเทคโนโลยี 6G

PolymRize™ จะนำข้อมูลที่เป็นกรรมสิทธิ์ของ Matmerize หรือข้อมูลเฉพาะของลูกค้ามาใช้เพื่อสร้างแบบจำลองเชิงคาดการณ์ เมื่อสร้างขึ้นแล้ว แบบจำลองเหล่านี้จะคาดการณ์คุณสมบัติของโพลีเมอร์ที่ยังไม่ได้สังเคราะห์ใหม่ ๆ คอมโพสิต และสูตรผสมต่าง ๆ ได้อย่างรวดเร็ว พร้อมด้วยการคาดการณ์ความไม่แน่นอนที่เกี่ยวข้อง ซอฟต์แวร์นี้ใช้เครื่องมือออกแบบอัตโนมัติและสร้างใหม่ (generative) เพื่อแนะนำตัวเลือกที่เหมาะสมซึ่งตรงตามข้อกำหนดคุณสมบัติสำหรับการทดลองทางกายภาพรอบต่อ ๆ ไป PolymRize™ จึงช่วยเร่งการเดินทางไปสู่วัสดุเป้าหมาย ซึ่งช่วยลดทั้งเวลาและต้นทุนได้อย่างมาก นอกจากนี้ ซอฟต์แวร์ยังแนะนำกรอบงานสำหรับการจัดการข้อมูลและองค์กร และกลายเป็นผู้ช่วยดิจิทัลที่เชื่อถือได้สำหรับนักเคมีและวิศวกรกระบวนการ

Resonac ได้ประเมินความสามารถของ Matmerize ในโครงการริเริ่มนำร่อง แบบจำลองการคาดการณ์ถูกสร้างขึ้นโดยใช้ PolymRize™ และซอฟต์แวร์บุคคลที่สามสำหรับคุณสมบัติของวัสดุหลักที่เกี่ยวข้องกับเทคโนโลยี 6G คุณสมบัติต่าง ๆ ได้แก่ แถบพลังงาน ค่าคงตัวไดอิเล็กทริก ดัชนีการหักเหของแสง อุณหภูมิการเปลี่ยนสถานะคล้ายแก้ว และสัมประสิทธิ์การขยายตัวเชิงเส้น ประสิทธิภาพของแบบจำลอง PolymRizeTM และของบุคคลที่สามได้รับการประเมินโดยการคาดการณ์คุณสมบัติสำหรับกรณีทดสอบที่ไม่ทราบมาก่อนซึ่งเหมือนกัน (Identical unseen test case) การคาดการณ์ความเร็วและความแม่นยำของ PolymRizeTM มีประสิทธิภาพเหนือกว่าแบบจำลองของบุคคลที่สามอย่างต่อเนื่อง (กรุณาดูรูปภาพซึ่งแสดงประสิทธิภาพของแบบจำลองประกอบ)

คุณสามารถดูตัวอย่างสื่อที่มาพร้อมกับประกาศนี้ได้โดยการคลิกที่รูปภาพหรือลิงก์ด้านล่าง:

Resonac PR: การเปรียบเทียบแบบจำลองด้านประสิทธิภาพ

“การร่วมมือกับ Resonac ในการพัฒนาเทคโนโลยี 6G ถือเป็นโอกาสอันน่าทึ่งสำหรับ Matmerize” Rampi Ramprasad ผู้ร่วมก่อตั้งและประธานเจ้าหน้าที่บริหารของ Matmerize กล่าว “ด้วยความสอดคล้องกับวิสัยทัศน์ของ Resonac ที่จะปฏิวัติเทคโนโลยียุคถัดไป และขับเคลื่อนโดยความมุ่งมั่นของ Matmerize ในการพัฒนาอัลกอริทึม AI สถาปัตยกรรม และความสามารถในการออกแบบวัสดุเสมือนจริง เราจึงพร้อมที่จะเปิดศักราชใหม่ของการออกแบบวัสดุอัจฉริยะที่เร่งการออกแบบได้อย่างรวดเร็ว”

สำหรับข้อมูลเพิ่มเติมเกี่ยวกับแพลตฟอร์ม PolymRizeTM ที่ล้ำสมัย กรุณาเยี่ยมชม: https://www.matmerize.com/polymrize

สำหรับการประกาศของ Resonac เกี่ยวกับการพัฒนาวัสดุเซมิคอนดักเตอร์ใหม่สำหรับ 6G กรุณาเยี่ยมชม
https://www.resonac.com/news/2023/03/13/2391.html

เกี่ยวกับ Matmerize:

Matmerize ซึ่งเพิ่งแยกตัวจากสถาบันเทคโนโลยี Georgia นั้น ได้อยู่ในแนวหน้าของโซลูชันบุกเบิกที่ช่วยเชื่อมช่องว่างระหว่าง AI และวิศวกรรมวัสดุ แพลตฟอร์ม PolymRizeTM ของ Matmerize ใช้การคัดกรองเสมือนจริงและอัลกอริธึม AI เพื่อระบุวัสดุที่เหมาะสมที่สุด ซึ่งช่วยให้นักเทคโนโลยีสามารถมุ่งเน้นไปที่ความพยายามในการทดลองกับตัวเลือกที่มีแนวโน้มมากที่สุดได้ ซึ่งจะช่วยเร่งกระบวนการทางวิศวกรรมวัสดุได้อย่างมาก PolymRizeTM ได้แสดงถึงการเปลี่ยนแปลงกระบวนทัศน์ในอุตสาหกรรม ขับเคลื่อนลูกค้าให้ก้าวนำหน้าการแข่งขัน และขับเคลื่อนนวัตกรรมในระดับที่ไม่เคยมีมาก่อน

เกี่ยวกับ Resonac:Resonac Group เป็นบริษัทใหม่ที่ก่อตั้งขึ้นอันเป็นผลจากการควบรวมกิจการระหว่าง Showa Denko Group และ Showa Denko Materials Group (เดิมคือ Hitachi Chemical Group) ในเดือนมกราคม 2566 ยอดขายเซมิคอนดักเตอร์และวัสดุอิเล็กทรอนิกส์ต่อปีของกลุ่มบริษัทมีมูลค่าประมาณ 400,000 ล้านเยน ซึ่งคิดเป็นประมาณ 30% ของยอดขายสุทธิประจำปีของกลุ่มบริษัท กลุ่มบริษัทมีส่วนแบ่งสูงสุดในระดับสากลในด้านวัสดุเซมิคอนดักเตอร์สำหรับกระบวนการบรรจุหีบห่อ การควบรวมกิจการของทั้งสองบริษัททำให้ Resonac Group สามารถออกแบบฟังก์ชันของวัสดุ ตลอดจนพัฒนาฟังก์ชันของวัสดุภายในองค์กร โดยการย้อนกลับไปที่วัตถุดิบ ชื่อทางการค้าใหม่ “RESONAC” สร้างขึ้นจากการรวมคำภาษาอังกฤษสองคำคือคำว่า “RESONATE” และ “C” ซึ่งเป็นอักษรตัวแรกของคำว่า CHEMISTRY Resonac Group จะใช้แพลตฟอร์มที่สร้างสรรค์ร่วมกันให้เกิดประโยชน์สูงสุด และเร่งสร้างนวัตกรรมทางเทคโนโลยีร่วมกับผู้ผลิตเซมิคอนดักเตอร์ ผู้ผลิตวัสดุ และผู้ผลิตอุปกรณ์ทั้งในและนอกประเทศญี่ปุ่น

กรุณาดูที่เว็บไซต์ของเราสำหรับรายละเอียด: Resonac Holdings Corporation: https://www.resonac.com/

ติดต่อ: Matmerize, Inc.https://www.matmerize.comอีเมล: info@matmerize.com
YouTube: รับชม วิดีโอ Matmerize บน YouTube
LinkedIn: ติดตาม เพจ LinkedIn ของเรา

GlobeNewswire Distribution ID 8918560

S&P Global Market Intelligence Initiates Coverage of Gorilla Technology in 451 Research Report

LONDON, Sept. 07, 2023 (GLOBE NEWSWIRE) — Gorilla Technology Group Inc. (“Gorilla”) (NASDAQ: GRRR), a global provider of AI-based edge video analytics, IoT technologies, and security convergence, today announced the commencement of coverage by Smart Cities and IoT Analyst Zoe Roth and Information Security Analyst Megan Goodwin of 451 Research, which is part of S&P Global Market Intelligence.

“Both Zoe and Megan have strong reputations and are recognized for delivering informed and insightful perspectives in the industry of IoT-enabled deployments in smart cities and information security,” said Jay Chandan, Chairman & CEO of Gorilla Technology. “Gorilla’s commitment to innovation and excellence has propelled it to the forefront of AI and security convergence sectors. This coverage initiation underscores the company’s dedication to transparency, education, and sharing its journey with stakeholders, analysts, partners, and the wider community.”

About Gorilla Technology Group Inc.

“Empowering Your Tomorrow”

Gorilla, headquartered in London U.K., is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence and IoT technology. Gorilla provides a wide range of solutions, including, Smart City, Network, Video, Security Convergence and IoT across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education.

The Company’s vision is to empower a connected tomorrow through innovative and transformative technologies. Gorilla envisions a world where seamless connectivity transcends boundaries, enriching lives, industries, and societies.

Gorilla’s commitment is to lead the way in pioneering cutting-edge solutions that bridge gaps, foster collaboration and inspire progress. By relentlessly pushing the boundaries of technology, the Company aims to create an ecosystem where individuals, businesses and communities thrive in an era of digital empowerment.

Through continuous innovation, ethical practices and a steadfast dedication to quality, Gorilla strives to shape a future where every interaction, transaction, and experience is enhanced by the power of technology.

For more information go to Gorilla-Technology.com.

Forward-Looking Statements

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors, including those described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 28, 2023, and those that are included in any of Gorilla’s future filings with the SEC, are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Media Contact:
Jeff Fox
The Blueshirt Group for Gorilla
+1 (415) 828-8298
jeff@blueshirtgroup.com

Investor Relations Contacts:
Gary Dvorchak
The Blueshirt Group for Gorilla
+1 (323) 240-5796
gary@blueshirtgroup.com

Scott McCabe
The Blueshirt Group for Gorilla
+1 (917) 434-3275
scott@blueshirtgroup.com

GlobeNewswire Distribution ID 8918540

Philips reaches resolution of US economic loss litigation

September 7, 2023

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA) announced today that the company and certain of its US subsidiaries, including Philips Respironics, have reached an agreement to resolve all economic loss claims in the US Multidistrict Litigation (MDL) related to Philips Respironics’ voluntary recall of certain sleep and respiratory care devices. This settlement, which is expected to be submitted to the US District Court for the Western District of Pennsylvania later today, does not include or constitute any admission of liability, wrongdoing, or fault by any of the Philips parties.

The agreement, which is subject to approval by the court, will provide predefined cash awards to all eligible participants in the US depending on the type of device, extended warranties on all replacement devices, and an additional cash award if they return the recalled device to Philips Respironics. The settlement will further compensate certain individuals who acquired replacement devices post-recall.

The final cost of the settlement may vary based on, among other things, how many patients participate in the settlement and what the Court awards for the professional fees relating to the resolutions. Philips Respironics has recorded a provision for an amount of EUR 575 million in the first quarter of 2023 to cover for the estimated costs of the final settlement.

Subject to final Court approval, payments to class members under the settlement are not expected to begin until the first quarter of 2024 at the earliest.

The agreement does not settle any personal injury or medical monitoring claims in the MDL, which the Philips parties have moved to dismiss.

• Patients, hospitals, and sleep labs in the US eligible for benefits under the agreement do not need to take any action at this time in order to participate in the settlement.

• The settlement must be approved by the US District Court for the Western District of Pennsylvania, and additional information will be provided in the future.

• All related inquiries by patients, hospitals and sleep labs in the US should be directed to the third-party Settlement Administrator, Angeion Group. More information will be available at www.RespironicsCPAP-ELSettlement.com.

For media and investor relations questions, please contact:

Philips Global Press Office (Europe time zone)
Ben Zwirs
Tel.: +31 6 15213446
E-mail: ben.zwirs@philips.com

Philips Global Press Office (US time zone)
Mario Fante
Tel.: +1 603 560 9226
E-mail: mario.fante@philips.com

Philips Investor Relations
Derya Guzel
Tel: +31 20 59 77055
E-mail: derya.guzel@philips.com

About Royal Philips
Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and well-being through meaningful innovation. Philips’ patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, ultrasound, image-guided therapy, monitoring and enterprise informatics, as well as in personal health. Philips generated 2022 sales of EUR 17.8 billion and employs approximately 71,500 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

Forward-looking statements
This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items. Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips’ organic business and the completion of acquisitions and divestments. By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

GlobeNewswire Distribution ID 1000838454