Freight Technologies Inc. (NASDAQ: FRGT) Collaboration With Trucker Tools Boosts Strength of Shipping Networks in United States

 

• Freight Technologies (aka Fr8Tech) is a growing commercial freight transportation technology developer whose flagship Fr8App platform helps shippers and carriers easily match loads and destinations in the USMCA
• Trucker Tools is a trip planning, shipment visibility, predictive freight matching and automated booking solutions company that has developed its flagship Smart Capacity(R) platform
• Fr8Tech recently announced integration of Trucker Tools’ network, boosting the pool of truck drivers able to use Fr8App by more than 315,000 carriers
• The collaboration is expected to increase the offers on loads by 75 percent and grow the carrier network for loads originating from and destined to locations within the United States by as much as twentyfold

Supply chain innovator Freight Technologies (NASDAQ: FRGT) (“Fr8Tech”) has expanded the reach of its modern technology platform by welcoming an extensive new pool of truck drivers working within the United States-Mexico-Canada Agreement (“USMCA”) trade area, increasing the ability of commercial freight transportation networks to manage shipping loads of all sizes.

Freight Technologies, aka Fr8Tech, recently announced completion of its collaboration with automated booking solutions platform Trucker Tools, integrating Trucker Tools’ extensive network of over 315,000 carriers across the United States with Fr8Tech’s load-matching solution Fr8App (https://nnw.fm/YehW8).

Fr8App streamlines the process of connecting shippers with carriers within the USMCA (formerly NAFTA), both domestically and across international borders, using artificial intelligence (“AI”) and machine learning technology.

Fr8App makes it simpler for businesses to post notice of their product load and destination needs, and for truck drivers to view and instantaneously bid on those available loads if the rate aligns with the target, helping the marketplace to efficiently move commerce with trucks filled to a maximum capacity.

Fr8App and the suite of companion brands produced by Fr8Tech further empower shippers and carriers by helping them to easily track loads in real time as they are moving over the road, complete necessary documentation, find dedicated truck services, and transparently review truck operations, helping to eliminate costly errors.

“Fr8App delivered cross-border capacity during a difficult time for us as we worked first through the COVID-19 pandemic and then through our plant expansion challenges in Mexico and many times under conditions that others in the logistics industry were not willing to accept,” multinational insulation manufacturer K-FLEX de México SA de CV President Maged Anis stated recently after renewing the company’s contract with Fr8Tech (https://nnw.fm/N9lGn). 

The collaboration between Fr8Tech and Trucker Tools is expected to increase the offers on loads by 75 percent and grow the carrier network for loads originating from and destined to locations within the United States by as much as twentyfold, according to the recent announcement.

For more information, visit the company’s website at www.Fr8Technologies.com and its freight matching platform information site at www.Fr8.app.

NOTE TO INVESTORS: The latest news and updates relating to FRGT are available in the company’s newsroom at https://nnw.fm/FRGT

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McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) Reports Additional Copper Values at Los Azules Project; Eyes Further Value for Company

 

• McEwen just reported new copper assays at its Los Azules project in San Juan, Argentina, the 9th largest undeveloped copper deposit in the world
• These results lead the company closer to realizing the full extent and economic potential of the deposit
• The latest drilling program, which began in October 2022 and concluded on June 19, 2023, has attracted new investment capital at rates implying a significant boost in the company’s value
• McEwen’s management is confident a future mine would support annual production of 415 million pounds of copper during its first 13 years at Los Azules, while creating long-term and sustainable value for its shareholders and all stakeholders

McEwen Mining (NYSE: MUX) (TSX: MUX), an asset-rich, diversified gold and silver producer in the Americas, on July 12th reported additional copper assays at its Los Azules project in San Juan, Argentina. Recent infill and other resource drilling completed since the data cut-off for the 2023 Preliminary Economic Assessment (“PEA”) highlights the strength of the resource model by directly comparing new assay results to the resource model prediction for the same area. A high level of predictability in the resource model represents an important milestone for McEwen and its efforts towards tapping into this vast resource (https://nnw.fm/LQOk1).

Over the course of the latest drill program, which began in October 2022 and concluded on June 19, 2023, up to 15 rigs completed some 39,900 m of drilling in 138 holes and have expanded the overall drill hole database to 126,000 m. Each hole serves to evaluate and de-risk geotechnical, hydrological, resource or exploration-related parameters and opportunities on a deposit whose depth and lateral extent has yet to be fully determined.

Preparations are underway for the next phase of drilling, which is expected to kick-off in early October. This phase will build on the progress made thus far and continue to increase geologic certainty with drilling needed to delineate a measured mineral resource estimate on the material expected to be mined in the first five years of operations. This work will support completion of a Feasibility Study (“FS”) in 2024/25 and could lead to a construction decision that would achieve the annual production of 415 million pounds of copper for the initial 13 years as contemplated in the 2023 PEA. This will be equivalent to supplying copper to 2.2 million electric vehicles annually.

With Los Azules ranked as the 9th largest undeveloped copper deposit in the world by Mining Intelligence (2022), McEwen Mining stands to emerge as a leader showcasing mining’s innovative contribution to the green economy while creating exceptional value for its shareholders. Recent investments by Stellantis, one of the world’s largest automakers and mobility providers and also Nuton LLC, a Rio Tinto venture, serve as international recognition of the long-term potential of the Los Azules project.

For more information, visit the company’s website at www.McEwenMining.com.

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at https://nnw.fm/MUX

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Lexaria Bioscience Corp. (NASDAQ: LEXX) Publishes Eighth Peer-Reviewed Article in International Journal of Molecular Science

 

• The article covers the concentration of cannabidiol in hypertensive women and men using the company’s patented DehydraTECH(TM)-processed CBD
• The global cardiovascular drugs market is expected to grow from $146.51 billion in 2021, reaching $173.48 billion in 2026, growing at a CAGR of 3.1%
• The article supports Lexaria’s efforts as it pursues IND status from the FDA for DehydraTECH-CBD as a potential treatment for hypertension
• Company is planning to begin preparations for a clinical trial that could start as early as the fourth quarter

Lexaria Bioscience (NASDAQ: LEXX), a global innovator in drug delivery platforms, recently announced that its groundbreaking research utilizing its patented DehydraTECH(TM)-processed cannabidiol (DehydraTECH-CBD) has been published in eight peer-reviewed articles across six different publications. Lexaria’s research into DehydraTECH-CBD is being considered for indications including hypertension, diabetes, epilepsy, and more. Hypertension, heart disease, and diabetes are broad fields of interest for the company, with DehydraTECH-CBD generating positive pilot-study data.

“We’re proud of the impressive amount of research that our Company has been able to develop through its HYPER-H21 series of clinical studies that has now been assessed by a variety of our respected peers,” said John Docherty, President of Lexaria (https://nnw.fm/qtDwH). “Lexaria is establishing itself as one of the world’s leaders in the investigation of cannabidiol for the purposes of controlling human blood pressure, and we are now focused on launching an FDA-registered IND program to formally investigate DehydraTECH-CBD for hypertension this year.”

The global cardiovascular drugs market is expected to grow from $146.51 billion in 2021, reaching $173.48 billion in 2026, growing at a CAGR of 3.1%. The market’s growth is supported by the increase in sedentary jobs, busy lifestyles, and changing consumer preferences – factors affecting the disease profile in world populations. North America contributed as the largest cardiovascular drug region in 2021 (https://nnw.fm/Kr4Pr).

The most recent publication in June 2023 in the peer-reviewed International Journal of Molecular Sciences is “Differences in Plasma Cannabidiol Concentrations in Women and Men: A Randomized, Placebo-Controlled, Crossover Study” (https://nnw.fm/d6NY0). The addition of this research article builds on the growing body of peer-reviewed literature developed by Lexaria’s leading research team into the effects of DehydraTECH-CBD and human health.

The findings and conclusions from the most recently published article revolve around the concentrations of CBD in a subject’s plasma and the bioavailability of the drug, examining the potential therapeutic benefits of CBD in the triple-blind study. Of the 62 hypertensive volunteers, concentrations of CBD were found to be higher in women and correlated with the proportion of adipose tissue. Lexaria found that the difference between the sexes was attributed to higher levels of fat tissue in women compared to men, and the men’s higher metabolism contributed to lower levels of CBD during the study.

Lexaria’s patented DehydraTECH technology improves how active pharmaceutical ingredients (“APIs”) enter the bloodstream by promoting healthier oral ingestion methods and increasing the effectiveness of fat-soluble molecules. DehydraTECH is covered by 34 granted patents and many pending patents.

The benefits of using DehydraTECH technology include:

• Improves the speed of onset, with effects felt in minutes
• Increased bioavailability by more effectively delivering the drug into the bloodstream
• Increased brain absorption, with testing suggesting up to 17x improvement
• Reduction in drug administration costs through a higher ratio of drug delivery

Lexaria’s next steps for its hypertension program include IND submission and additional preparations for its clinical trial. If the FDA clears the IND, Lexaria could begin its Phase Ib study as early as the fourth quarter of this year.

For more information, visit the company’s website at www.LexariaBioscience.com.

NOTE TO INVESTORS: The latest news and updates relating to LEXX are available in the company’s newsroom at https://nnw.fm/LEXX

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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Fintech Ecosystem Development Corp. (NASDAQ: FEXD) Continues to Support Cashless Society Technology by Meeting Mobile Money Needs Through Diverse Portfolio of Products and Services

 

• Digital money is replacing physical cash and further supporting the growth of a growing cashless society driven by the pandemic and other factors
• FEXD supports the United Nations’ Sustainable Development Goals of reducing cross-border transaction costs from 7 percent to 3 percent
• FEXD plans to offer a diverse portfolio of products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe, and Latin America

Financial technology, more commonly referred to as fintech, fuels economic growth and reduces inequality, poverty, and informality in underdeveloped companies. For impoverished people and small businesses without access to financial services as simple as a bank account, fintech creates opportunities and the ability to send and receive payments securely and access to savings, credit, and insurance products. Fintech Ecosystem Development (NASDAQ: FEXD), a special purpose acquisition company (“SPAC”), was formed with the mission of creating and growing a global financial services ecosystem to address unmet mobile money needs in developing and industrialized countries and markets.

With digital money replacing physical cash, consumers buy products and services from anywhere in the world, making payments across borders. FEXD plans to offer a diverse portfolio of products and services to consumers and businesses in the United States, South Asia, East Asia, Africa, Europe, and Latin America – using a growth strategy that includes developing mobile transaction platforms, applications, and services to help implement the changing financial landscape.

Mobitech International LLC (dba Afinoz), an artificial intelligence-enabled digital lending platform used by India’s leading banks, non-banking financial companies, and fintech loan providers, is currently a targeted acquisition for FEXD. Afinoz’s fintech platform supports enterprises making loans primarily to middle- and working-class borrowers via its website or mobile phone app. This platform makes loans available and affordable to millions of Indian workers and unbanked users by providing access at a low cost from more than 50 lending partners.

A McKinsey & Company research report outlines major trends driving the growth of digital payments worldwide, especially in the emerging markets that FEXD plans to service. The first trend outlined in the report is the pandemic, which accelerated the trend of contactless payments. Second, ecommerce continues to grow and evolve, being expected to increase by 12 to 15 percent annually by 2025. Third, governments are pushing for cashless payments to facilitate inoperability, plug tax leakages, and ensure effective aid distribution. Finally, the report points out that investors are hungry for digital payments, leading to an abundance of payments-focused fintechs (https://nnw.fm/414yV).

With so many areas of the world severely underserviced by financial service markets, FEXD plans to make it easier for people to access faster and cheaper ways of transferring money directly across borders to fund business transactions and provide support. With the increased interest in smartphone operation, mobile money platforms provide a solution for those who want to access financial institutions without requiring access to physical banking facilities. The company also allows people in other countries to access USD online accounts with FDIC assurance.

FEXD supports the United Nations’ Sustainable Development Goals of reducing cross-border transaction costs from 7 percent to 3 percent – using advanced technology to lower fintech costs and international fees. The company is led by a management team with extensive expertise in developing and managing financial service platforms and applications that will further drive the mobile money sector toward a cashless society.

For more information, visit the company’s website at www.FintechEcoSys.com.

NOTE TO INVESTORS: The latest news and updates relating to FEXD are available in the company’s newsroom at https://nnw.fm/FEXD

About NetworkNewsWire

NetworkNewsWire (“NNW”) is a financial news and content distribution company, one of 50+ brands within the InvestorBrandNetwork (“IBN”), that provides: (1) access to a network of wire solutions via InvestorWire to reach all target markets, industries and demographics in the most effective manner possible; (2) article and editorial syndication to 5,000+ news outlets; (3) enhanced press release solutions to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of corporate communications solutions. As a multifaceted organization with an extensive team of contributing journalists and writers, NNW is uniquely positioned to best serve private and public companies that desire to reach a wide audience comprising investors, consumers, journalists and the general public. By cutting through the overload of information in today’s market, NNW brings its clients unparalleled visibility, recognition and brand awareness. NNW is where news, content and information converge.

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