Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced it has filed its full-year consolidated financials for the fiscal year ended June 30, 2021 and is pleased to provide shareholders with a business and operational update.
 
“Fiscal 2021 was a breakout year for Voyager, positioning our platform to be a leading player in the digital asset arena as crypto and related blockchain technologies are increasingly embraced by the mainstream,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “Voyager continues to deliver noteworthy performance through verified user and funded account growth punctuated by providing users with a transparent, safe, secure and trusted personal cryptocurrency platform. We continued to see significant net new funded accounts and net new asset inflows on the platform and as we add more product extensions, we believe the ability to leverage our growing user base will accelerate our revenue growth and provide diversification to our revenue mix.”
 
Fiscal Year 2021 Financial and Business Milestones:
All figures are in U.S. dollars unless otherwise noted.

• Total revenue increased to $175 million, from $1 million in FY20
• Operating Income of $56 million, compared to an Operating Loss of $11 million in FY20
• Total Verified Users grew to 1.75 million, up from 86,000 at June 30, 2020
• Total Funded Accounts grew to 665,000 from 23,000 at June 30, 2020
• Total Assets Under Management grew to $2.6 billion from $35 million at June 30, 2020
• Added to our leadership team in key areas
• Increased our headcount to 141 at June 30, 2021, from 36 at June 30, 2020
• Invested in and developed a strategic partnership with Blockdaemon to deliver enhanced staking capabilities

 
“We are seeing industry volumes rebound off extreme midsummer weakness, and are excited about the prospects ahead,” continued Ehrlich. “As we started to see lower than expected volumes in the summer months, we turned our attention to enhancing our rewards programs as a customer acquisition and retention tool. In the September quarter, we started focusing on account acquisition as our key performance metric.  Voyager remains dedicated to growth in funded accounts and deposits and you can expect we will be more aggressive with both our marketing spend as well as our rewards offerings to accelerate growth. As we diversify our revenue streams to enhance the long-term value of each customer and expand our market opportunity internationally, we believe the best is yet to come for the Voyager platform.”
 
Voyager will be announcing the results of its first quarter ending September 30th on or about November 15th, and will provide further commentary on its second quarter ending December 31st based on current trends and a very robust October which validates its strategy of total focus on account and deposit growth.
 
For more detailed information, the Company encourages investors to read its audited financial statements and related Management Discussion & Analysis (“MD&A”) for the three and twelve months ended June 30, 2021, which were filed with SEDAR yesterday.
 
The Company also wishes to provide an update on the US$75 million Private Placement of common shares with Alameda Research announced on October 28, 2021. The Company is issuing a total of 7,723,996 common shares to Alameda Research at a price of US$9.71 per common shares. The newly issued shares are subject to a statutory hold period of 4 months and one day from the date of closing and are subject to a lock-up agreement of one year from the closing date.
 
The TSX has not approved or disapproved of the information contained herein. The Private Placement with Alameda Research is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.
 
Conference Call Details
Voyager will discuss its fiscal 2021 results today, October 29, 2021, via a conference call at 8:00 a.m. Eastern Time. To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at investvoyager.com/investorrelations/events.
 
About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets Under Management, Adjusted EBITDA and Adjusted Working Capital. All figures are in U.S. dollars unless otherwise noted.

The TSX has not approved or disapproved of the information contained herein.

Voyager Digital Ltd.
Consolidated Statements of Financial Position
(USD, in thousands)

Voyager Digital Ltd.
Consolidated Statements of Loss
(USD, in thousands except for shares data)

SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Reports Revenue of US$175 Million for Fiscal 2021 and Provides Business Update

 

Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced it has filed its full-year consolidated financials for the fiscal year ended June 30, 2021 and is pleased to provide shareholders with a business and operational update.
 
“Fiscal 2021 was a breakout year for Voyager, positioning our platform to be a leading player in the digital asset arena as crypto and related blockchain technologies are increasingly embraced by the mainstream,” said Steve Ehrlich, Voyager’s CEO and Co-founder. “Voyager continues to deliver noteworthy performance through verified user and funded account growth punctuated by providing users with a transparent, safe, secure and trusted personal cryptocurrency platform. We continued to see significant net new funded accounts and net new asset inflows on the platform and as we add more product extensions, we believe the ability to leverage our growing user base will accelerate our revenue growth and provide diversification to our revenue mix.”
 
Fiscal Year 2021 Financial and Business Milestones:
All figures are in U.S. dollars unless otherwise noted.

• Total revenue increased to $175 million, from $1 million in FY20
• Operating Income of $56 million, compared to an Operating Loss of $11 million in FY20
• Total Verified Users grew to 1.75 million, up from 86,000 at June 30, 2020
• Total Funded Accounts grew to 665,000 from 23,000 at June 30, 2020
• Total Assets Under Management grew to $2.6 billion from $35 million at June 30, 2020
• Added to our leadership team in key areas
• Increased our headcount to 141 at June 30, 2021, from 36 at June 30, 2020
• Invested in and developed a strategic partnership with Blockdaemon to deliver enhanced staking capabilities

 
“We are seeing industry volumes rebound off extreme midsummer weakness, and are excited about the prospects ahead,” continued Ehrlich. “As we started to see lower than expected volumes in the summer months, we turned our attention to enhancing our rewards programs as a customer acquisition and retention tool. In the September quarter, we started focusing on account acquisition as our key performance metric.  Voyager remains dedicated to growth in funded accounts and deposits and you can expect we will be more aggressive with both our marketing spend as well as our rewards offerings to accelerate growth. As we diversify our revenue streams to enhance the long-term value of each customer and expand our market opportunity internationally, we believe the best is yet to come for the Voyager platform.”
 
Voyager will be announcing the results of its first quarter ending September 30th on or about November 15th, and will provide further commentary on its second quarter ending December 31st based on current trends and a very robust October which validates its strategy of total focus on account and deposit growth.
 
For more detailed information, the Company encourages investors to read its audited financial statements and related Management Discussion & Analysis (“MD&A”) for the three and twelve months ended June 30, 2021, which were filed with SEDAR yesterday.
 
The Company also wishes to provide an update on the US$75 million Private Placement of common shares with Alameda Research announced on October 28, 2021. The Company is issuing a total of 7,723,996 common shares to Alameda Research at a price of US$9.71 per common shares. The newly issued shares are subject to a statutory hold period of 4 months and one day from the date of closing and are subject to a lock-up agreement of one year from the closing date.
 
The TSX has not approved or disapproved of the information contained herein. The Private Placement with Alameda Research is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.
 
Conference Call Details
Voyager will discuss its fiscal 2021 results today, October 29, 2021, via a conference call at 8:00 a.m. Eastern Time. To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at investvoyager.com/investorrelations/events.
 
About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG; OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets, with zero commissions, using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.
 
Forward Looking Statements
Certain information in this press release, including, but not limited to, statements regarding future growth and performance of the business, momentum in the businesses, future adoption of digital assets, and the Company‘s anticipated results may constitute forward looking information (collectively, forward-looking statements), which can be identified by the use of terms such as “may,” “will,” “should,” “expect,” “anticipate,” “project,” “estimate,” “intend,” “continue” or “believe” (or the negatives) or other similar variations. Forward-looking statements involve known and unknown risks, uncertainties and other factors that may cause Voyager’s actual results, performance or achievements to be materially different from any of its future results, performance or achievements expressed or implied by forward-looking statements. Moreover, we operate in a very competitive and rapidly changing environment. New risks emerge from time to time. It is not possible for our management to predict all risks, nor can we assess the impact of all factors on our business or the extent to which any factor, or combination of factors, may cause actual results to differ materially from those contained in any forward-looking statements we may make. In light of these risks, uncertainties, and assumptions, the future events and trends discussed in this press release may not occur and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. Forward looking statements are subject to the risk that the global economy, industry, or the Company’s businesses and investments do not perform as anticipated, that revenue or expenses estimates may not be met or may be materially less or more than those anticipated, that trading momentum does not continue or the demand for trading solutions declines, customer acquisition does not increase as planned, product and international expansion do not occur as planned, risks of compliance with laws and regulations that currently apply or become applicable to the business and those other risks contained in the Company’s public filings, including in its Management Discussion and Analysis and its Annual Information Form (AIF). Factors that could cause actual results of the Company and its businesses to differ materially from those described in such forward-looking statements include, but are not limited to, a decline in the digital asset market or general economic conditions; changes in laws or approaches to regulation, the failure or delay in the adoption of digital assets and the blockchain ecosystem by institutions; changes in the volatility of crypto currency, changes in demand for Bitcoin and Ethereum, changes in the status or classification of cryptocurrency assets, cybersecurity breaches, a delay or failure in developing infrastructure for the trading businesses or achieving mandates and gaining traction; failure to grow assets under management, an adverse development with respect to an issuer or party to the transaction or failure to obtain a required regulatory approval. In connection with the forward-looking statements contained in this press release, the Company has made assumptions that no significant events occur outside of the Company’s normal course of business and that current trends in respect of digital assets continue. Readers are cautioned that Assets Under Management and trading volumes fluctuate and may increase and decrease from time to time and that such fluctuations are beyond the Company’s control. Forward-looking statements, past and present performance and trends are not guarantees of future performance, accordingly, you should not put undue reliance on forward-looking statements, current or past performance, or current or past trends. Information identifying assumptions, risks, and uncertainties relating to the Company are contained in its filings with the Canadian securities regulators available at www.sedar.com. The forward-looking statements in this press release are applicable only as of the date of this release or as of the date specified in the relevant forward-looking statement and the Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after that date or to reflect the occurrence of unanticipated events. The Company assumes no obligation to provide operational updates, except as required by law. If the Company does update one or more forward-looking statements, no inference should be drawn that it will make additional updates with respect to those or other forward-looking statements, unless required by law.Readers are cautioned that past performance is not indicative of future performance and current trends in the business and demand for digital assets may not continue and readers should not put undue reliance on past performance and current trends.  Refer to definition of certain Non-IFRS terms in Management’s Discussion and Analysis including Assets Under Management, Adjusted EBITDA and Adjusted Working Capital. All figures are in U.S. dollars unless otherwise noted.

The TSX has not approved or disapproved of the information contained herein.

Voyager Digital Ltd.
Consolidated Statements of Financial Position
(USD, in thousands)

Voyager Digital Ltd.
Consolidated Statements of Loss
(USD, in thousands except for shares data)

SOURCE Voyager Digital, Ltd.

Press Contacts
 
Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

 

Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 

Strategic partnership will focus on execution, asset management, and broader crypto initiatives

NEW YORK, Oct. 28, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced a $75 million investment from Alameda Research (“Alameda”).

“We are excited to enter into a strategic alliance with Alameda, a clear pioneer in the crypto industry,” said Steve Ehrlich, CEO and Co-founder of Voyager. “Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. While the immediate opportunity is on the order flow and asset management front, we are tremendously excited about potential future synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well as the creation of thought leadership as we work with lawmakers on shaping regulation.”

“We are thrilled to be partnering with Voyager as they have emerged as a key player in the retail crypto market,” commented Caroline Ellison, Co-CEO of Alameda. “As a public company, we have admired Voyager’s transparency in the industry and believe the management team has laid the groundwork to succeed at scale as evidenced by their explosive growth this past year. Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses.”

Alameda Research trades over $5 billion per day across thousands of products including all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets. Alameda’s market making abilities and sophisticated market neutral algorithms are a perfect fit to be a core lending partner of Voyager and will allow Voyager to further expand the breadth of its rewards program.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG;OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein. The Transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “seek”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. The Company can give no assurances the partnership will advance beyond this original investment. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Press Contacts:

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

 

Voyager Digital Secures $75 Million Strategic Investment from Alameda Research

 

Strategic partnership will focus on execution, asset management, and broader crypto initiatives

NEW YORK, Oct. 28, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced a $75 million investment from Alameda Research (“Alameda”).

“We are excited to enter into a strategic alliance with Alameda, a clear pioneer in the crypto industry,” said Steve Ehrlich, CEO and Co-founder of Voyager. “Alameda is one of the largest crypto market makers in the world, and we believe there are significant opportunities in working together. While the immediate opportunity is on the order flow and asset management front, we are tremendously excited about potential future synergistic opportunities in the continuously evolving crypto industry. These opportunities include NFTs and crypto derivatives through Alameda, as well as the creation of thought leadership as we work with lawmakers on shaping regulation.”

“We are thrilled to be partnering with Voyager as they have emerged as a key player in the retail crypto market,” commented Caroline Ellison, Co-CEO of Alameda. “As a public company, we have admired Voyager’s transparency in the industry and believe the management team has laid the groundwork to succeed at scale as evidenced by their explosive growth this past year. Through our strategic partnership, we believe there are endless mutually beneficial opportunities to grow both our businesses.”

Alameda Research trades over $5 billion per day across thousands of products including all major coins and altcoins, as well as their derivatives. Alameda has a full-scale global operation with the ability to trade on all major exchanges and markets. Alameda’s market making abilities and sophisticated market neutral algorithms are a perfect fit to be a core lending partner of Voyager and will allow Voyager to further expand the breadth of its rewards program.

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG;OTCQX: VYGVF; FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX has not approved or disapproved of the information contained herein. The Transaction is subject to the satisfaction of certain customary closing conditions, including the receipt of all necessary regulatory and stock exchange approvals, including the approval of the Toronto Stock Exchange.

Cautionary Statement Regarding Forward-Looking Information

This news release contains “forward-looking statements” that are based on expectations, estimates, projections and interpretations as at the date of this news release. Forward-looking statements are frequently characterized by words such as “plan”, “expect”, “project”, “seek”, “intend”, “believe”, “anticipate”, “estimate”, “suggest”, “indicate” and other similar words or statements that certain events or conditions “may” or “will” occur. Such forward looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any future results, performance or achievements expressed or implied by such forward-looking statements. Such risks and other factors may include, but are not limited to, those risk factors outlined in the Company’s Management Discussion and Analysis as filed on SEDAR. The Company can give no assurances the partnership will advance beyond this original investment. The Company does not undertake to update any forward-looking information except in accordance with applicable securities laws.

Press Contacts:

Voyager Digital, Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

 

Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 

 

Voyager is the first international partner of the Dallas Mavericks, joining forces to make crypto more accessible for all

NEW YORK, Oct. 27, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, has entered into a five-year exclusive, integrated partnership with the Dallas Mavericks, becoming the team’s first cryptocurrency brokerage and international partner. A press conference will be hosted in Dallas today at 4:00 p.m. Central Time to discuss the partnership. To watch, please visit: https://www.mavs.com/voyager/.

Voyager and the Dallas Mavericks will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions. The partnership also includes naming rights to the Mavs Gaming Hub, the official gaming and event venue for the Mavs NBA 2K League team, and will be announced at a later date.

This partnership makes Voyager the first international partner of the Dallas Mavericks, enabling both parties to reach a wider, global audience to raise brand awareness and drive cryptocurrency adoption around the world. In 2019, the NBA granted teams the ability to provide international sponsorship rights, outside the United States and Canada.

“The Mavs are proud to welcome Voyager to the Dallas Mavericks family,” said Mavs governor Mark Cuban. “Crypto assets and applications are changing how business and personal finance are done. We believe our partnership with Voyager will allow Mavs and NBA fans to learn more about Voyager and how they can earn more from Voyagers’ platform than from traditional financial applications.”

“We could not be more excited to partner with the Dallas Mavericks to make crypto more accessible for all,” said Steve Ehrlich, CEO and Co-founder of Voyager. “This partnership gives us the opportunity to educate people all over the world on ways to use crypto in their everyday lives. We want to help people learn alternate ways to grow their wealth to achieve true financial freedom and build intergenerational wealth through crypto. We found a great partner to do this with in the Mavs and their owner, Mark Cuban, who is already deeply involved in the space.”

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About The Dallas Mavericks
The Dallas Mavericks are a first-class global sports and entertainment organization providing memorable experiences for fans worldwide. The Mavs compete in the National Basketball Association as a member of the Western Conference and play at American Airlines Center under the direction of Coach Jason Kidd, General Manager Nico Harrison, CEO Cynt Marshall and Governor Mark Cuban. Since the inaugural season in 1980- 81, the Mavs have won four division titles, two conference championships and one NBA championship in 2011. In addition to on-court success, the Mavs are committed to making a difference in North Texas through community programs and the Mavs Foundation. For more information on Dallas Mavericks players, staff, stats and tickets, visit mavs.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Dallas Mavericks
Erin Finegold White
SVP, Corporate Communications
(214) 415-9183
Erin.Finegold@dallasmavs.com

SOURCE Voyager Digital (Canada) Ltd.

 

Voyager Digital Becomes the Official Cryptocurrency Brokerage Partner of the Dallas Mavericks

 

 

Voyager is the first international partner of the Dallas Mavericks, joining forces to make crypto more accessible for all

NEW YORK, Oct. 27, 2021 /PRNewswire/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, has entered into a five-year exclusive, integrated partnership with the Dallas Mavericks, becoming the team’s first cryptocurrency brokerage and international partner. A press conference will be hosted in Dallas today at 4:00 p.m. Central Time to discuss the partnership. To watch, please visit: https://www.mavs.com/voyager/.

Voyager and the Dallas Mavericks will work to make cryptocurrency more accessible through educational and community programs, global activations, and fan engagement promotions. The partnership also includes naming rights to the Mavs Gaming Hub, the official gaming and event venue for the Mavs NBA 2K League team, and will be announced at a later date.

This partnership makes Voyager the first international partner of the Dallas Mavericks, enabling both parties to reach a wider, global audience to raise brand awareness and drive cryptocurrency adoption around the world. In 2019, the NBA granted teams the ability to provide international sponsorship rights, outside the United States and Canada.

“The Mavs are proud to welcome Voyager to the Dallas Mavericks family,” said Mavs governor Mark Cuban. “Crypto assets and applications are changing how business and personal finance are done. We believe our partnership with Voyager will allow Mavs and NBA fans to learn more about Voyager and how they can earn more from Voyagers’ platform than from traditional financial applications.”

“We could not be more excited to partner with the Dallas Mavericks to make crypto more accessible for all,” said Steve Ehrlich, CEO and Co-founder of Voyager. “This partnership gives us the opportunity to educate people all over the world on ways to use crypto in their everyday lives. We want to help people learn alternate ways to grow their wealth to achieve true financial freedom and build intergenerational wealth through crypto. We found a great partner to do this with in the Mavs and their owner, Mark Cuban, who is already deeply involved in the space.”

About Voyager Digital Ltd.
Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

About The Dallas Mavericks
The Dallas Mavericks are a first-class global sports and entertainment organization providing memorable experiences for fans worldwide. The Mavs compete in the National Basketball Association as a member of the Western Conference and play at American Airlines Center under the direction of Coach Jason Kidd, General Manager Nico Harrison, CEO Cynt Marshall and Governor Mark Cuban. Since the inaugural season in 1980- 81, the Mavs have won four division titles, two conference championships and one NBA championship in 2011. In addition to on-court success, the Mavs are committed to making a difference in North Texas through community programs and the Mavs Foundation. For more information on Dallas Mavericks players, staff, stats and tickets, visit mavs.com.

The TSX has not approved or disapproved of the information contained herein.

Press Contacts

Voyager Digital Ltd.
Michael Legg
Chief Communications Officer
(212) 547-8807
mlegg@investvoyager.com

Voyager Public Relations Team
pr@investvoyager.com

Dallas Mavericks
Erin Finegold White
SVP, Corporate Communications
(214) 415-9183
Erin.Finegold@dallasmavs.com

SOURCE Voyager Digital (Canada) Ltd.

Wednesday, October 27, 2021

Digerati Technologies (DTGI)
Scores A Decent Quarter

Digerati Technologies, Inc. (OTCQB: DTGI) is a telecom and technology provider of diverse, carrier-grade, Only in the Cloud™ communication and network solutions including Unified Communication as a Service, cloud telephony, cloud WAN, cloud call center, cloud mobile, and delivery of digital oxygen on its fiber/mobile broadband network. Digerati has developed a robust integration platform to fuel mergers and acquisitions in a highly fragmented market as it delivers flexible, cost-effective services with enterprise-grade quality and reliability. A multi-year recipient of Deloitte’s Fast500 and Fast50 Awards for one of the fastest growing technology companies in North America, Digerati has become an expert at successfully merging and managing subsidiary operations since 2015. The Company’s impressive tech-stack serves 28,000 business users on its platform and its dynamic channel program includes over 300 channel partners that serve as a conduit for sales growth. Digerati has continuously increased customer adoption while serving diverse industries including Healthcare, Banking, Financial Services, Legal, Real Estate, and Construction. Digerati currently has a strong platform for growth throughout Texas and Florida, the 2nd and 4th largest state economies by GDP in the U.S. The Company’s clean and clear fundamentals, combined with its clearly defined growth plan, disciplined acquisition strategy and seasoned leadership team is expected to increase shareholder value as it enters the next phase of its corporate development plan. For more information, please visit www.digerati-inc.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

In line Q4. Total company revenues increased 141.7% to $3.787 million, in line with our $3.775 million estimate. Revenues benefited from the year earlier acquisitions of Nexogy and ActivePBX and the significant increase in customers from 728 to 2,655 at year end. Adj. EBITDA of $748,000 was above our $375,000 estimate. The Q4 result variances are highlighted in this report.


Current focus, reduce expenses.  The company is taking measures to reduce cash expenses, which include stock compensation for members of management. In addition, the company is focused on increasing recurring revenue, predominately through the use of its value-added resellers and channel partners …

This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

	Image Credit: Riley Kaminer (flickr)

Can Facebook’s Smart Glasses be Smart About Security and Privacy?

Facebook’s global project, referred to as Ego4D is out researching new uses for so-called smart glasses.

In September, Facebook unveiled its Ray-Ban Stories glasses, which have two cameras and three microphones built-in. The glasses capture audio and video so wearers can record their experiences and interactions.

The research project aims to add augmented reality features to smart glasses using artificial intelligence technologies that could provide wearers with a wealth of information, including the ability to get answers to questions like “Where did I leave my keys?” Facebook’s vision also includes a future where the glasses can “know who’s saying what when and who’s paying attention to whom.”

Several other technology companies like Google, Microsoft, Snap, Vuzix and Lenovo have also been experimenting with versions of augmented or mixed reality glasses. Augmented reality glasses can display useful information within the lenses, providing an electronically enhanced view of the world. For example, smart glasses could draw a line over the road to show you the next turn or let you see a restaurant’s Yelp rating as you look at its sign.

However, some of the information that augmented reality glasses give their users could include identifying people in the glasses’ field of view and displaying personal information about them. It was not too long ago that Google introduced Google Glass, only to face a public backlash for simply recording people. Compared to being recorded by smartphones in public, being recorded by smart glasses feels to people like a greater invasion of privacy.

This article was republished with permission from  The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of  Apu Kapadia, Professor of Computer Science, Indiana University

As a researcher who studies computer security and privacy, I believe it’s important for technology companies to proceed with caution and consider the security and privacy risks of augmented reality.

Smartphones vs. Smart Glasses

Even though people are now used to being photographed in public, they also expect the photographer typically to raise their smartphone to compose a photo. Augmented reality glasses fundamentally disrupt or violate this sense of normalcy. The public setting may be the same, but the sheer scale and approach of recording has changed.

A Pair of Sunglasses

Facebook’s Ray-Ban Stories glasses capture photos and video and play audio, but the company has much bigger plans for smart glasses, including AI that can interpret what the wearer is seeing. Courtesy Facebook

Such deviations from the norm have long been recognized by researchers as a violation of privacy. My group’s research has found that people in the neighborhood of nontraditional cameras want a more tangible sense of when their privacy is being compromised because they find it difficult to know whether they are being recorded.

Absent the typical physical gestures of taking a photo, people need better ways to convey whether a camera or microphone is recording people. Facebook has already been warned by the European Union that the LED indicating a pair of Ray-Ban Stories is recording is too small.

In the longer term, however, people might become accustomed to smart glasses as the new normal. Our research found that although young adults worry about others recording their embarrassing moments on smartphones, they have adjusted to the pervasive presence of cameras.

Smart Glasses as a Memory Aid

An important application of smart glasses is as a memory aid. If you could record or “lifelog” your entire day from a first-person point of view, you could simply rewind or scroll through the video at will. You could examine the video to see where you left your keys, or you could replay a conversion to recall a friend’s movie recommendation.

Our research studied volunteers who wore lifelogging cameras for several days. We uncovered several privacy concerns – this time, for the camera wearer. Considering who, or what algorithms, might have access to the camera footage, people may worry about the detailed portrait it paints of them.

Who you meet, what you eat, what you watch and what your living room really looks like without guests are all recorded. We found that people were especially concerned about the places being recorded, as well as their computer and phone screens, which formed a large fraction of their lifelogging history.

Popular media already has its take on what can go horribly wrong with such memory aids. “The Entire History of You” episode of the TV series “Black Mirror” shows how even the most casual arguments can lead to people digging through lifelogs for evidence of who said exactly what and when. In such a world, it is difficult to just move on. It’s a lesson in the importance of forgetting.

Psychologists have pointed to the importance of forgetting as a natural human coping mechanism to move past traumatic experiences. Maybe AI algorithms can be put to good use identifying digital memories to delete. For example, our research has devised AI-based algorithms to detect sensitive places like bathrooms and computer and phone screens, which were high on the worry list in our lifelogging study. Once detected, footage can be selectively deleted from a person’s digital memories.

 

 

X-ray Specs of the Digital Self?

However, smart glasses have the potential to do more than simply record video. It’s important to prepare for the possibility of a world in which smart glasses use facial recognition, analyze people’s expressions, look up and display personal information, and even record and analyze conversations. These applications raise important questions about privacy and security.

We studied the use of smart glasses by people with visual impairments. We found that these potential users were worried about the inaccuracy of artificial intelligence algorithms and their potential to misrepresent other people.

Even if accurate, they felt it was improper to infer someone’s weight or age. They also questioned whether it was ethical for such algorithms to guess someone’s gender or race. Researchers have also debated whether AI should be used to detect emotions, which can be expressed differently by people from difference cultures.

Augmenting Facebook’s View of the Future

I have only scratched the surface of the privacy and security considerations for augmented reality glasses. As Facebook charges ahead with augmented reality, I believe it’s critical that the company address these concerns.

I am heartened by the stellar list of privacy and security researchers Facebook is collaborating with to make sure its technology is worthy of the public’s trust, especially given the company’s recent track record.

But I can only hope that Facebook will tread carefully and ensure that their view of the future includes the concerns of these and other privacy and security researchers.

 

Suggested Reading:

Edge Computing Can Take AI Out of the Cloud and to the Moon

Preparing Investors for the Artificial Intelligence Revolution

AI and Skyborg Technology Will Create Huge Tech Winners

Facebook’s “Supreme Court” to Rule on Favoritism of Elite Users

 

Stay up to date. Follow us:

 

Esports Entertainment Group Partners with NetEase to Become Official Tournament and Broadcast Provider of Naraka: Bladepoint

Newark, New Jersey–(Newsfile Corp. – October 22, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”) and their EGL brand have signed a partnership with NetEase (NASDAQ: NTES) to become their official North American tournament and broadcasting provider for Naraka: Bladepoint, running the entirety of the Morus Cups Seasons One, Two, and Three, which take place between September and November 2021. The Company will run the tournaments as well as produce the broadcasts to cover it all. This partnership is another six-figure source of revenue for the Company.

The partnership’s promotion began at the end of August with the Asura Showmatch, with players getting an opportunity to go up against some of the world’s most popular streamers. The event drew over 85,000 viewers.

“Nakara: Bladepoint has already taken the gaming world by storm, and we are hoping that in working with NetEase, we can build a fun, competitive and sustainable esport ecosystem,” said Glen Elliott, General Manager of EGL. “It’s a pleasure working with such a global giant like NetEase on launching their esport activation around its new exciting game, Nakara: Bladepoint.”

Each of the three seasons of the Morus Cup will be narrowed down through three stages with each having a distinct prize pool of $20,000, including a qualification into the December Grand Finals that has a $100,000 reward. The Grand Finals will be broadcasted live in studio.

“We couldn’t be more thrilled to partner with Esports Entertainment Group and EGL to bring an amazing gaming experience to our Naraka: Bladepoint players,” said Archer Wang, Marketing Executive of NetEase’s 24 Entertainment. “With the success of August’s showmatch, we are more than confident in Esports Entertainment Group’s ability to create a top notch event for both our competitors and viewers.”

The Morus Cup kicked off on September 4 and Nakara: Bladepoint looks to be one of the battle royale genre’s hottest new entries. Nakara: Bladepoint has recently been nominated for a Golden Joystick Award in the category of Best Multiplayer Game.

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:

U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498

dave@redchip.com

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

 

Voyager Digital Schedules Fiscal Year and FY4Q 2021 Results and Business Update Conference Call

NEW YORK, Oct. 22, 2021 /CNW/ – Voyager Digital Ltd. (“Voyager” or the “Company”) (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2), one of the fastest-growing, publicly traded cryptocurrency platforms in the United States, today announced that it will host a live webcast and conference call at 8:00 a.m. Eastern Time on Friday, October 29 to discuss financial results for the fiscal year and fourth quarter 2021 ended June 30, 2021.

To access the webcast, please register by clicking here. A live webcast and a replay will be available on the Investor Relations section of the Company’s website at investvoyager.com/investorrelations/events.

About
Voyager Digital Ltd.

Voyager Digital Ltd. (TSX: VOYG) (OTCQX: VYGVF) (FRA: UCD2) is a fast-growing, publicly traded cryptocurrency platform in the United States founded in 2018 to bring choice, transparency, and cost efficiency to the marketplace. Voyager offers a secure way to trade over 60 different crypto assets using its easy-to-use mobile application, and earn rewards up to 12 percent annually on more than 30 cryptocurrencies. Through its subsidiary Coinify ApS, Voyager provides crypto payment solutions for both consumers and merchants around the globe. To learn more about the company, please visit https://www.investvoyager.com.

The TSX
has not approved or disapproved of the information contained herein.

Press
Contacts:

Voyager
Digital, Ltd.
Michael Legg

Chief Communications Officer
(212) 547-8807
 
mlegg@investvoyager.com

Voyager Public Relations Team
 
pr@investvoyager.com

SOURCE Voyager Digital (Canada) Ltd.

Related Links

https://www.investvoyager.com/

	Image Credit: XPeng Motors Twitter

The Era of Flying Cars May Have Just Dawned

 

Some electric vehicle (EV) companies are not limiting their vehicles to the road. Yesterday (October 19), XPeng Motors ($XPEV), a Chinese company with the slogan “Pioneering mobility, Exploring technology,” announced a $500 million investment in a company that designs flying cars — they already have a prototype.

XPeng announced the half-billion $US dollar investment in Chinese urban air mobility company HT Aero in a news release. HT Aero is an eight-year-old company that is in the flying car business. The company has built prototypes and brought one it calls the “X2” to a Chinese air show in September.

While many have dreamed for decades of the day they could have a “car” in the garage that would easily fly over traffic and gain access to areas past where the road ends; the vision may have been very different than the current HT Aero prototypes. The X2 is all-electric, has vertical take-off and landing, and incorporates XPeng’s charging technology. There is an overlap with the autonomous driving technology incorporated for both on and off-road. The thought is the average operator will need some help operating an aircraft without advanced pilot training.

 

Image Credit: HA.com

 

Image Credit: Xpeng HT

In the news release, Xpeng Motors expressed: “What we are seeing is the integration of the three driving forces of smart mobility–disruptive technology, new sources of energy, and mass production. We will embrace this opportunity, which is unprecedented in the history of modern transportation.”

 

Plans for a Domestic Flying Car?

Joby
Aviation which is headquartered in Santa Cruz, California is building an urban air-mobility business. It has been described as a Tesla plus Uber, in the skies. Joby plans to merge with a SPAC sponsored by LinkedIn co-founder Reid Hoffman.

Elon Musk had once been asked at a shareholder meeting if flying vehicles were on his “to-do” list, “Electric planes, yes, I’ve been dying to do that for a decade, honestly,” Musk continued to express that there are no immediate plans as he has a lot on his plate already.

 

Suggested Reading:

Lithium Prices Continue Their Ascent

Lithium-Ion Power vs Hydrogen Fuel Cell

 

 

Sources:

https://www.businesswire.com/news/home/20210923006034/en/XPeng-Backed-HT-Aero-Unveils-Flying-Vehicle-City-Usage-Scenarios

https://portalvhds1fxb0jchzgjph.blob.core.windows.net/press-releases-attachments/1342450/HKEX-EPS_20211019_9978428_0.PDF

https://www.aeroht.com/

https://www.barrons.com/articles/xpeng-stock-flying-cars-51634600418

 

Stay up to date. Follow us:

Comtech Telecommunications Corp. Announces New Cybersecurity Solution

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Oct. 18, 2021– 
October 18, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger™.

CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings include cyber threat detection and management, off-the-shelf and custom training, hands-on skills labs, and competency-based assessments mapped to cybersecurity job roles. The CyberStronger solutions will also include the CYBRScore® set of products that provide hands-on assessments and training to upskill and reskill cybersecurity workforces. These solutions were created by a team of former national intelligence community members who have the practical cybersecurity experience and abilities required to meet the demanding needs of Comtech’s customer base which includes large universities, government entities, and enterprise-level corporations. Additional information about CyberStronger is available at www.cyberstronger.com and about CYBRScore at cybrscore.io.

“We are proud to offer CyberStronger as a 
Comtech solution to customers worldwide,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “The need for cybersecurity is ever-growing and we stand ready to meet the demands of organizations globally to protect themselves from the dangers of cybercrime.”

CYBRScore is a premium, performance-based cyber skills training and assessment provider that quantifies a user’s ability to defend a network. CYBRScore has over 400 hands-on labs available for practitioners to develop and enhance their skills in an independent fashion. Labs are available in a hosted on-demand environment so students can learn by doing wherever they are, whether in a classroom, workplace or at home.

The Trusted Location group of 
Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information about our location and cyber products, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

 

Source: 
Comtech Telecommunications Corp.

Comtech Telecommunications Corp. Announces New Cybersecurity Solution

 

MELVILLE, N.Y.–(BUSINESS WIRE)–Oct. 18, 2021– 
October 18, 2021— 
Comtech Telecommunications Corp. (NASDAQ: CMTL), a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies, announced today, that during its first quarter of fiscal year 2022, it launched a new cybersecurity brand, CyberStronger™.

CyberStronger provides cybersecurity solutions and services tailored to threat monitoring and assessment, training, and workforce development. Offerings include cyber threat detection and management, off-the-shelf and custom training, hands-on skills labs, and competency-based assessments mapped to cybersecurity job roles. The CyberStronger solutions will also include the CYBRScore® set of products that provide hands-on assessments and training to upskill and reskill cybersecurity workforces. These solutions were created by a team of former national intelligence community members who have the practical cybersecurity experience and abilities required to meet the demanding needs of Comtech’s customer base which includes large universities, government entities, and enterprise-level corporations. Additional information about CyberStronger is available at www.cyberstronger.com and about CYBRScore at cybrscore.io.

“We are proud to offer CyberStronger as a 
Comtech solution to customers worldwide,” said  Fred Kornberg, Chairman of the Board and Chief Executive Officer of 
Comtech Telecommunications Corp. “The need for cybersecurity is ever-growing and we stand ready to meet the demands of organizations globally to protect themselves from the dangers of cybercrime.”

CYBRScore is a premium, performance-based cyber skills training and assessment provider that quantifies a user’s ability to defend a network. CYBRScore has over 400 hands-on labs available for practitioners to develop and enhance their skills in an independent fashion. Labs are available in a hosted on-demand environment so students can learn by doing wherever they are, whether in a classroom, workplace or at home.

The Trusted Location group of 
Comtech Telecommunications Corp. is a leading provider of precise device location, mapping and messaging solutions for public safety, mobile network operators, and enterprise solutions. Sold around the world to mobile network operators, government agencies, and Fortune 100 enterprises, our platforms locate, map, track and message. For more information about our location and cyber products, visit www.comtechlocation.com.

Comtech Telecommunications Corp. is a leading global provider of next-generation 911 emergency systems and secure wireless communications technologies to commercial and government customers around the world. Headquartered in 
Melville, New York and with a passion for customer success, 
Comtech designs, produces and markets advanced and secure wireless solutions. For more information, please visit www.comtechtel.com.

Certain information in this press release contains statements that are forward-looking in nature and involve certain significant risks and uncertainties. Actual results could differ materially from such forward-looking information. The Company’s 
Securities and Exchange Commission filings identify many such risks and uncertainties. Any forward-looking information in this press release is qualified in its entirety by the risks and uncertainties described in such 
Securities and Exchange Commission filings.

Comtech Investor Relations:
631-962-7005
investors@comtech.com

 

Source: 
Comtech Telecommunications Corp.