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Vuzix (NASDAQ: VUZI) Lands $20 Million Investment From Quanta Computer As The Two Expand Their Smart Glasses Collaboration

Benzinga

By Meg Flippin, Benzinga Vuzix Corp. (NASDAQ: VUZI), the maker of smart glasses and augmented reality (AR) products, just got more firepower to grow thanks to a multimillion-dollar investment from Quanta Computer Inc. (OTC: QUCCF), a global Fortune 500 company and original design manufacturer (ODM). The two already collaborate to advance the smart glasses market and this three-tranche $20 million investment further validates that partnership. The investment by Quanta Computer also strengthens Vuzix’s balance sheet, enabling it to ramp up production of its waveguides and launch new smart glasses and related products. Smart Glasses Getting Smarter Vuzix makes a variety of smart glasses and AR products, including head-mounted smart personal displays and wearable computing devices that offer users a portable high-quality viewing experience. The company’s smart glasses and component technologies are the result of deep R&D and OEM partnerships with technology companies like Quanta Computer. Quanta Computer is a leading notebook manufacturer, cloud computing provider and maker of products for the IT, consumer electronics, cloud computing and smart technology markets such as smart homes. Last year it had revenue of $35 billion, and it has a workforce of about 62,000 employees located around the world. Vuzix says its light, thin and ergonomic waveguide designs combined with its optics technology for display engines sets it apart from its rivals. Vuzix’s waveguides take a projected virtual image and relay it to the eye while expanding the exit pupil (viewing window) at the same time. "Quanta’s investment today represents another important step in our partnership, which has steadily deepened since we first disclosed it last November," said Paul Travers, president and CEO of Vuzix. "This investment, and the ones to follow, will significantly strengthen our balance sheet and assure that we can implement whatever steps needed to ramp production of waveguides, as well as the co-development of new smart glasses and related technologies.” Getting Cash In The Coffers Under the terms of the deal, Quanta will invest $20 million in three tranches. The first tranche will consist of $10 million of Vuzix common stock. The second and third tranches, $5 million each, are tied to specific milestones and will consist of the purchase of Vuzix Series B Preferred Stock. “We plan to work closely with Vuzix to support the AR smart glasses industry and today’s investment in Vuzix represents a strong endorsement of our partnership," said Frank Chuang, Vice President of Quanta Computer. Vuzix said at least $3 million from the investment will go for new product development. Quanta is paying $1.30 per share for the first $10 million of stock. Market In Growth Mode The investment comes at a time when the smart glasses market seems to be taking off and looks poised for growth. The global smart glasses market is forecast to reach $13.68 billion by 2031, growing at a CAGR of 10.3% from 2024 through 2031. Driving the market is demand from manufacturing, warehousing and healthcare companies that use smart glasses to train associates and to provide remote assistance. Monocular smart glasses, which are known to be light and compact, are expected to be a big driver of growth in industries where access to hands-free information is necessary. With these glasses, data and information are overlaid directly on the display. The investment and collaboration should help Vuzik continue to innovate in the marketplace and grow sales. The company said as much when announcing the deepening partnership, saying it looks forward to “realizing the significant” revenue potential it stands to generate in the coming years thanks to the collaboration. Smart glasses are taking off as the use cases continue to grow. Vuzik wants to be a leader and is forging partnerships to make that a reality. Its expanded deal with Quanta Computer underscores that. Not only does it give it $20 million in capital to innovate and expand its offering, but it also offers validation of its technology, given that a computer giant with more than $35 billion in sales has chosen to deepen their partnership. To learn more about the deal and Vuzik, click here. Featured photo courtesy of Vuzix. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 17, 2024 08:30 AM Eastern Daylight Time

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Join Benchmark International's Exclusive Webinar "Seller Motivation: What Goes Into the Decision to Sell?"

Benchmark International

Are you considering selling your business? Deciding when and why to sell is one of the most significant decisions you’ll ever make as a business owner. While maximizing financial proceeds is often at the forefront of these decisions, it’s essential to recognize that it’s not the only factor. Life circumstances, time with family, and other qualitative considerations can often outweigh financial gain. To help you navigate this complex process, we invite you to join our upcoming webinar: Seller Motivation: What Goes Into The Decision To Sell? Space is filling up fast, so register today! Why You Should Register Selling a business is about more than just crunching the numbers. In this exclusive webinar, you’ll gain valuable insights into the full spectrum of motivations that drive business owners to sell. Understanding these motivations can help you make a well-rounded and informed decision about your business’s future. This webinar is a must-attend for business owners contemplating the sale of their business, particularly in today’s strong but disciplined market. By attending, you’ll be better equipped to evaluate both the financial and personal factors that play a crucial role in this life-changing decision. Whether you’re focused on securing a comfortable financial future or prioritizing time with loved ones, the information presented will help you weigh these considerations effectively. Spots are limited, so don’t miss this opportunity to secure your spot. What You’ll Learn This webinar offers actionable insights into the decision-making process for business owners. Here’s what you can expect to learn: The wide range of reasons why business owners choose to sell, beyond just financial incentives How personal life events, such as family needs and future aspirations, can influence your decision A look at the current M&A market and how buyers are approaching valuations How to balance personal and financial goals using the concept of indifference curves, which help weigh non-monetary values like time with family against financial returns By attending, you’ll gain the tools to make a decision that aligns with your long-term vision—both personally and financially. Spots Are Filling Fast – Register Now! If you’re ready to gain clarity on your motivations for selling and align your decision with both your personal and financial goals, this is the webinar for you. Don’t miss out—register now and take the first step toward making a well-informed, strategic decision about the future of your business. ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

September 16, 2024 09:54 AM Eastern Daylight Time

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Moneytree Software Unveils Innovative Financial Planning Solution to Revolutionize Client-Advisor Relationships

Moneytree Software

Moneytree Software has launched a new, game-changing financial planning solution that empowers advisors to capitalize on changing investor expectations and grow their business. Recent research has shown that today’s clients care as much about their relationship with their advisors as they do about their portfolio performance. They value trust and understanding, and they want more consistent and personalized engagement. This is where the new Moneytree solution excels, according to Moneytree Software Managing Director Patrick Spencer. “Long-term success depends on all of us in this industry rethinking how we interact with clients and prospects,” Spencer said. “With this new solution, you have the tools you need to both cultivate more client relationships and develop deeper ones.” Moneytree developed the new cloud-based solution with a focus on the company’s foundational values of accuracy, comprehensiveness, and transparency. Furthermore, the modern interface and intuitive user experience enables advisors to plan with precision in a way that is more satisfying, more time-effective, and more scalable. “With the new Moneytree, you can focus less time on understanding and navigating your planning software and more time on building relationships that grow your business,” Spencer said. Features include: Both goal-based and cash-flow based planning modules to meet the needs of every client, regardless of where they are in their financial journey. Interactive, client-centric reporting tools that help turn insights into action. A wealth of specialized planning tools that save advisors time and money and help them cultivate deeper, more authoritative relationships by supporting retirement planning, income distribution, tax planning, and estate planning. The industry’s only transparent audit trail, which allows you to show highly engaged clients how you arrived at your answers. Advanced analytics that encourage client collaboration and drive better decision-making. In developing the solution, Moneytree spent countless hours on surveys, phone calls, emails, and pouring over market research. Product developers listened to what advisors like about various solutions, and equally importantly, what they found cumbersome. Already, Moneytree’s new solution is receiving rave reviews. “This is one of the best financial planning softwares I have seen, and I have been doing this since 1999,” said Greg Gilbert, CEO of Infinity Financial Services. The new Moneytree is currently available in the comprehensive “Elite” planning package, which replaces the previous Moneytree Plan software. Moneytree is continuing to support Plan, but will no longer sell it. A more streamlined, goals-based-only planning package called “Essential” will become available in early 2025. That product will replace what is currently Moneytree Advise. To learn more, visit moneytree.com. About Moneytree Moneytree Software is an innovator in the development of financial planning technology to support the vital work of financial planners and advisors. The company focuses on empowering professionals with mathematically advanced tools that produce accurate, repeatable results, inspiring trust and confidence. For more than 40 years, Moneytree has delivered the strongest calculation engine in the financial planning and wealth management industry. Contact Details Vocatus Lisa Aldape laldape@vocatusllc.com Company Website https://moneytree.com/

September 16, 2024 09:30 AM Eastern Daylight Time

Benchmark International Releases 2024 Global Surface Computing Industry Report

Benchmark International

Benchmark International, a leader in the mergers and acquisition (M&A) industry, has published its latest Global Surface Computing Industry Report, offering in-depth insights into the current trends, growth drivers, and market outlook for the surface computing industry. The report presents a comprehensive analysis of this dynamic industry, which is gaining significant traction across sectors such as education, healthcare, automotive, and retail. Surface computing technologies, characterized by touch-sensitive interfaces, are transforming the way users interact with digital content, and this report sheds light on the advancements that are shaping its future. Key findings from the report include: Market Growth: The global surface computing market is expected to grow at a robust pace, driven by innovations in user interface technologies and increasing demand for more interactive and immersive digital experiences. Sector-specific Applications: Surface computing is witnessing rapid adoption in key industries such as education, where it enhances interactive learning environments, and in healthcare, improving patient engagement through more intuitive technology. Geographical Insights: The report details regional performance, highlighting North America's dominance in the surface computing market while also noting significant growth opportunities in Europe and Asia-Pacific. Ready to Make a Move? We’re Here to Guide You. The Surface Computing Industry Report is an essential resource for stakeholders looking to understand market dynamics, capitalize on emerging trends, and make informed business decisions in this rapidly expanding field. The report is now available on Benchmark International's website as part of the firm’s commitment to providing comprehensive market intelligence. To explore this report, visit https://www.benchmarkintl.com/insights/featured-content/2024-global-surface-computing-industry-report/. For access to additional industry reports and detailed insights, visit Benchmark International’s Insights page. ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

September 16, 2024 09:00 AM Eastern Daylight Time

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Could Nuvectis Pharma be the Next Summit Therapeutics? A New Report Highlights NXP900's Approach to NSCLC Treatment

Global Markets News

A new report by PESG Research highlights Nuvectis Pharma's (NASDAQ: NVCT) drug candidate NXP900 and its potential role in the treatment of Non-Small Cell Lung Cancer (NSCLC). The review focuses on NXP900's unique approach to addressing critical challenges in cancer therapy resistance. NXP900 is positioned as a potential significant player in NSCLC treatment, comparing its approach to Summit Therapeutics' ivonescimab. NXP900's mechanism of action targets SRC/YES1 kinases in EGFR and ALK resistant NSCLC patients, offering a novel approach to overcoming treatment resistance. Preclinical studies, as noted in the report, indicate that NXP900 could enhance the efficacy of existing therapies like AstraZeneca's osimertinib (Tagrisso) when used in combination. The report also mentions NXP900's potential beyond NSCLC, including possible applications in other cancers such as squamous cell carcinoma. Context: The Current NSCLC Treatment Landscape The report comes at a time of significant developments in NSCLC treatment. Recently, Summit Therapeutics (NASDAQ: SMMT) made headlines with its drug ivonescimab, which showed promising results in a Phase 3 trial conducted in China. In this trial, ivonescimab outperformed Merck's Keytruda (NYSE: MRK), a current standard of care in many NSCLC cases. This breakthrough has intensified interest in novel approaches to NSCLC treatment, particularly those addressing resistance mechanisms. The report highlights the different approaches being developed to tackle NSCLC. While Summit's ivonescimab targets PD-L1 expression, Nuvectis' NXP900 focuses on EGFR and ALK mutations. The report suggests that this diversity in treatment approaches could be important in providing comprehensive options for NSCLC patients. Nuvectis Pharma's NXP900: Current Status and Potential NXP900 is currently in Phase 1 clinical trials, with a focus on safety and pharmacokinetics evaluations. The report emphasizes the preclinical data supporting NXP900, noting its activity against NSCLC models resistant to standard treatments and its potential synergistic effects when combined with existing therapies. A key feature of NXP900, as highlighted in the report, is its ability to inhibit both catalytic and scaffolding functions of SRC and YES1, which are described as key drivers of cancer cell survival. Implications for Cancer Treatment The Report underscores a trend in oncology: the focus on overcoming treatment resistance. It notes that as patients face progression despite initial responses to immunotherapies or targeted treatments, there's a growing need for novel approaches. NXP900's approach to targeting SRC/YES1 kinases seems is positioned as a unique strategy strategy compared to other emerging therapies. This diversification of approaches could be important in providing multiple avenues to tackle the complex mechanisms of treatment resistance. Conclusion The report provides an in-depth look at Nuvectis Pharma's NXP900, positioning it as a noteworthy development in the field of NSCLC treatment. While acknowledging the early stage of NXP900's development, the report highlights its unique mechanism of action and potential to address treatment resistance. The report suggests that as the landscape of NSCLC treatment continues to evolve, NXP900 represents one of several innovative approaches aiming to improve outcomes for cancer patients. As with all early-stage drug candidates, the full potential of NXP900 will only become clear as it progresses through clinical trials and further research. Click here to review the full report: https://finance.yahoo.com/news/pesg-releases-report-nuvectis-pharma-111500319.html * Please make sure to refer to the full dislcaimers and disclosures linked in the report itself when reading it. *** This news alert may include speculative forward looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. the BioTech and Pharma industries are volatile and risky and readers are advised to seek out preffesional advice in the relevent feilds from licensed profesionals. *** This news alert is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. Please review the full documentation detailing financial compensation disclosures and disclaimers the article is subject to. [https://justpaste.it/fcm9n/pdf]. Global Markets News Network is a commercial digital brand compensated to provide coverage of news related to innovative companies and industries and it is thus subject to conflicts of interest. Contact Details News Coverage ronald@futuremarketsresearch.com

September 16, 2024 08:45 AM Eastern Daylight Time

News Release

CodeGuru.ae Delivers Cutting-Edge Websites and Mobile Applications in Dubai and Abu Dhabi

Rev Up Marketers

CodeGuru.ae, a leading technology solutions provider, proudly announces its expansion into Dubai and Abu Dhabi, bringing its innovative website and mobile application development services to the UAE. They are recognized as the best website development and design company in Dubai and Abu Dhabi with a focus on cutting-edge technology and user-centric design, CodeGuru.ae is set to revolutionize the digital landscape across the region. Founded with the vision to empower businesses through advanced technology, CodeGuru.ae combines expertise in software engineering with a deep understanding of market needs. The company offers a comprehensive range of services including bespoke website development, mobile app design and development, and digital strategy consulting. "Dubai and Abu Dhabi are dynamic hubs for innovation and technology," said the Ashraf Altawashi CEO of CodeGuru.ae. “We are excited to contribute to the region's digital transformation by delivering solutions that are not only technically superior but also tailored to the unique needs of businesses here.” CodeGuru.ae's team of seasoned developers and designers utilizes the latest technologies and methodologies to ensure that clients receive state-of-the-art digital products. Their portfolio showcases a diverse range of projects, from interactive websites to sophisticated mobile applications, all crafted to enhance user experience and drive business growth. For these reasons they are among the best mobile application development company in Dubai and Abu Dhabi. The company’s expansion is poised to benefit a wide array of industries in the UAE, including retail, healthcare, finance, and more. By integrating local insights with global best practices, CodeGuru.ae aims to help businesses achieve their digital goals and stay ahead in a competitive market. For more information on CodeGuru.ae and their services, visit [www.codeguru.ae](http://www.codeguru.ae) or contact: admin@codeguru.ae About CodeGuru.ae CodeGuru.ae is a premier technology solutions provider specializing in website and mobile application development. Committed to excellence and innovation, CodeGuru.ae delivers high-quality digital solutions that empower businesses and enhance user engagement. With a focus on the latest technologies and industry trends, the company helps clients navigate the digital landscape with confidence and success. Contact Details Ashraf Altawashi CodeGuru.ae +971 58 696 4342 admin@codeguru.ae Company Website http://www.codeguru.ae

September 16, 2024 08:04 AM Eastern Daylight Time

TRON DAO Featured as Title Sponsor at KBW, Showcases Growing Meme Coin Ecosystem

TRON DAO

Geneva, Switzerland - September 16, 2024 - TRON DAO took center stage as a Title Sponsor at Korea Blockchain Week (KBW), an annual global blockchain and Web3 festival in Seoul, South Korea. Dave Uhryniak, Community Spokesperson at the TRON DAO, delivered a compelling keynote on the fast-growing meme coin ecosystem within the TRON network, highlighting its evolution and unique position in the crypto space. KBW 2024 featured a wide range of discussions, including the integration of AI with blockchain and the resurgence of DeFi through real-world asset tokenization. Korea Blockchain Week (KBW) is a global event celebrating blockchain and Web3 innovation. Organized by FACTBLOCK since 2018, the event brings together industry leaders, cutting-edge technologies, and a range of activities designed to foster communication and collaboration within the blockchain ecosystem. As one of the most significant blockchain events in South Korea, KBW continues to make a substantial impact across the East Asia region, driving forward innovation and dialogue in the space. In his keynote speech, Uhryniak highlighted the explosive growth of the meme coin market, which is approaching a total valuation of $40 billion. He emphasized that as the market continues to expand, institutional investors are likely to increase their involvement, recognizing the significant opportunities and potential within the space. Uhryniak compared meme coins to a modern form of digital art, highlighting their accessibility for anyone to create. He stated, "Meme coins are a piece of a reaction to culture and they're often very much a statement on culture at a specific time or on a specific event. They give everyone the opportunity to become an artist. They're the perfect Web3 application. They democratize making social commentary and making art". Uhryniak also emphasized the critical need to build a truly decentralized network that empowers creators and developers. With the recent push to expand the meme coin ecosystem, TRON is providing users everywhere the ability to unleash their creativity and connect with communities. At its core, the TRON ecosystem is designed to equip creators and developers with the tools and freedom they need to turn their ideas into innovative projects. TRON DAO is pushing forward with its goal to decentralize the internet, creating new and innovative blockchain solutions while building strong connections with communities around the world. Being part of Korea Blockchain Week shows TRON DAO’s dedication to shaping the future of decentralized technology and continuing to educate and inspire people in the blockchain space. About TRON DAO TRON DAO is a community-governed DAO dedicated to accelerating the decentralization of the internet via blockchain technology and dApps. Founded in September 2017 by H.E. Justin Sun, the TRON network has continued to deliver impressive achievements since MainNet launch in May 2018. July 2018 also marked the ecosystem integration of BitTorrent, a pioneer in decentralized Web3 services boasting over 100 million monthly active users. The TRON network has gained incredible traction in recent years. As of September 2024, it has over 256 million total user accounts on the blockchain, more than 8 billion total transactions, and over $20 billion in total value locked (TVL), as reported on TRONSCAN. In addition, TRON hosts the largest circulating supply of USD Tether (USDT) stablecoin across the globe, overtaking USDT on Ethereum since April 2021. The TRON network completed full decentralization in December 2021 and is now a community-governed DAO. Most recently in October 2022, TRON was designated as the national blockchain for the Commonwealth of Dominica, which marks the first time a major public blockchain partnered with a sovereign nation to develop its national blockchain infrastructure. On top of the government’s endorsement to issue Dominica Coin (“DMC”), a blockchain-based fan token to help promote Dominica’s global fanfare, seven existing TRON-based tokens - TRX, BTT, NFT, JST, USDD, USDT, TUSD, have been granted statutory status as authorized digital currency and medium of exchange in the country. TRONNetwork | TRONDAO | Twitter | YouTube | Telegram | Discord | Reddit | GitHub | Medium | Forum Media Contact Yeweon Park press@tron.network Contact Details Yeweon Park press@tron.network Company Website https://trondao.org/

September 16, 2024 03:33 AM Eastern Daylight Time

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Benchmark International Publishes Comprehensive Information Services Industry Report

Benchmark International

Benchmark International, the leading middle market mergers and acquisition (M&A) firm, has published its latest Global Information Services Industry Report. This comprehensive analysis provides detailed insights into current trends, market challenges, and opportunities shaping the global information services sector. The report offers a deep dive into the industry, encompassing a wide range of services such as data processing, analytics, information management, and digital content delivery. As businesses increasingly rely on data to drive growth and efficiency, the information services industry plays a critical role in powering this transformation. Key findings from the report include: Industry Growth Projections: The information services sector is expected to grow steadily over the next several years, with advances in technology such as artificial intelligence (AI), machine learning (ML), and cloud computing leading the charge. Market Drivers: Growing demand for real-time data, increased investment in IT infrastructure, and the shift towards data-driven decision-making are key factors driving growth in the industry. Challenges and Risks: The report also highlights ongoing challenges, such as cybersecurity threats, regulatory compliance issues, and the need for robust data privacy measures. Regional Analysis: North America continues to lead the market due to its advanced tech ecosystem and higher demand for analytics solutions while emerging markets in Asia-Pacific and Latin America show increasing growth potential. The Information Services Industry Report is a must-read for businesses, investors, and stakeholders seeking valuable insights into the evolving market dynamics. The report equips them with the knowledge to make informed strategic decisions in this fast-growing sector. The report is now available on Benchmark International's website and is part of the firm’s ongoing efforts to provide comprehensive market intelligence to its clients. For more information and to access the full 2024 Global Information Services Industry Report, please visit https://www.benchmarkintl.com/insights/featured-content/information-services-industry-report/ ABOUT BENCHMARK INTERNATIONAL: Benchmark International is a global M&A firm that provides business owners with creative, value-maximizing solutions for growing and exiting their businesses. Benchmark International has handled over $11 billion in transaction value across various industries from offices across the world. With decades of M&A experience, Benchmark International’s transaction teams have assisted business owners with achieving their objectives and ensuring the continued growth of their businesses. The firm has also been named the Investment Banking Firm of the Year by The M&A Advisor and the Global M&A Network as well as the #1 Sell-side Exclusive Privately-held M&A Advisor in the World by Pitchbook and Refinitiv's Global League Tables. Contact Details Brittney Zoeller +1 813-898-2350 zoeller@benchmarkintl.com Company Website https://www.benchmarkintl.com/

September 13, 2024 09:00 AM Eastern Daylight Time

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Comcast to Expand Fiber Broadband Services Across Northern California

Comcast California

Comcast announced it will expand its reliable, smart, high-speed, fiber broadband network in both residential and commercial neighborhoods in Northern California’s Marin and Sutter counties. By mid-2026 these expansion efforts will bring Comcast’s next-generation network to over 150 locations in Marin County and over 450 locations in Sutter County, both of which had previously been unserved. This broadband network expansion is made possible by a $14 million Federal Funding Account (FFA) Grant from the California Public Utilities Commission (CPUC) and private funding by Comcast. Comcast also recently announced it has received a $26 million FFA grant to expand its fiber-rich network in Tulare County, which will bring broadband services to nearly 6,200 unserved locations by early 2026. “At Comcast we understand that reliable, high-speed Internet has become a necessity to not only support those looking to participate in the ever-growing digital economy, but also to connect students, families and seniors to those moments that matter the most,” said David Tashjian, Regional Senior Vice President of Comcast California. “This continued investment of funds from the California Public Utilities Commission (CPUC) will allow us to expand into unserved communities throughout Marin and Sutter Counties, which will provide residents and businesses with a future of unlimited possibilities.” “This grant project will help level the playing field for a lot of families in Sutter County who have not previously had access to high-speed Internet,” said Mat Conant, Chair of the Sutter County Board of Supervisors. “This is really important for anyone doing any research for school or work, and for small business owners.” “There has always been an overwhelming demand to improve and expand our broadband services in Marin County,” said Eric Lucan of the Marin County Board of Supervisors. “That need is particularly important for our senior community, including my constituents within a mobile home community in Novato. I commend the California Public Utilities Commission (CPUC) and Comcast on today’s announcement and I’m excited to see the lasting impacts these awards will have in connecting more residents to high-speed Internet and the economic opportunities they will create.” Comcast’s commitment to new communities goes beyond network expansion efforts, addressing digital opportunities in communities through Project UP, the company’s $1 billion dollar commitment to help tens of millions of people connect to the Internet and build futures of unlimited possibilities. Over the past three years, Comcast has invested more than $130 million in cash and in-kind donations into California nonprofits focused on helping people build digital skills, expanding WiFi connected Lift Zones and funding connectivity and Internet adoption programs. Comcast’s funding also supports ongoing efforts to build awareness about affordable connectivity services like Internet Essentials, which offers eligible households high-speed Internet for $9.95/month or Internet Essentials Plus for $29.95/month. Affordable computers are also available through Internet Essentials. Since its inception in 2011, the program has connected more than 2.2 million Californians. Residential customers will be able to take advantage of Xfinity’s full suite of products, including Internet, video, mobile, voice and managed home solutions. For local businesses, Comcast Business will offer a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of different sizes prepare for what’s next. Industry analysts and associations have consistently recognized Comcast Business as a leader and innovator, and one of the fastest-growing providers of Ethernet services. Comcast’s network and Internet experience are powering homes today and into the future. Ultimate Capacity: Xfinity customers connect more than 1 billion devices across the company’s network annually. With the next-generation Xfinity gateways, we deliver the most advanced WiFi technology carrying three times more bandwidth to power streaming, gaming, videoconferencing, and more, simultaneously. Fastest Internet: Nearly a third of Xfinity Internet customers subscribe to gigabit speed products. Recently Comcast connected the first customers in the world to a DOCSIS 4.0 connection, delivering symmetrical gig speeds over existing connections in customers’ homes with plans to continue to rollout these speeds across the country over the coming years. Unprecedented Coverage: The latest Xfinity Gateway provides a more reliable connection throughout the home. Customers can get wall-to-wall WiFi coverage with a powerful WiFi Boost Pod that extends coverage to hard-to-reach areas of the home. Most Reliable Connection: Comcast is scaling the nation’s largest and most reliable network that passes 62 million homes and businesses and counting. The company launched Storm-Ready WiFi, a new device that comes powered with cellular and battery backup to help keep customers connected even when the power goes out. Ultra-Low Latency: The Xfinity network and the latest Xfinity Gateway are a powerful combination that deliver ultra-low latency for those moments when response times matter most like video games, a fast-growing category with Xfinity households averaging more than one gaming console per home. For local businesses, Comcast Business will offer a suite of connectivity, communications, networking, cybersecurity, wireless, and managed solutions to help organizations of different sizes prepare for what’s next. Comcast Business has been consistently recognized by industry analysts and associations as a leader and innovator, and one of the fastest-growing providers of Ethernet services. ### About Comcast Business Comcast Business offers leading global businesses the technology solutions and forward-thinking partnership they need. With a full suite of solutions including fast, reliable connectivity, secure networking solutions and advanced cybersecurity and a range of managed service options, Comcast Business is ready to meet the needs of businesses of all sizes. Comcast Business has been recognized by leading analyst firms for its continued growth, innovation, and leadership, and is committed to partnering with customers to help them drive their businesses forward. For more information, call 800-501-6000. Follow @ComcastBusiness on social media networks at http://business.comcast.com/social. About Comcast Corporation Comcast Corporation (Nasdaq: CMCSA) is a global media and technology company. From the connectivity and platforms we provide, to the content and experiences we create, our businesses reach hundreds of millions of customers, viewers, and guests worldwide. We deliver world-class broadband, wireless, and video through Xfinity, Comcast Business, and Sky; produce, distribute, and stream leading entertainment, sports, and news through brands including NBC, Telemundo, Universal, Peacock, and Sky; and bring incredible theme parks and attractions to life through Universal Destinations & Experiences. Visit www.comcastcorporation.com for more information. Contact Details Comcast California Jon Koriel +1 925-315-2690 jon_koriel@comcast.com Company Website https://california.comcast.com/

September 12, 2024 01:46 PM Pacific Daylight Time

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