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Gaming Innovation Group reports Q2 2024

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ST. JULIAN’S, Malta, Aug. 28, 2024 /PRNewswire/ — 

Highlights

Media reported all-time high revenues of €30.3m, up 39% YoY (18% organic growth)EBITDA increased by 43% to €14.8m, with an EBITDA margin of 48.7% (47.4%)EBIT reached €7.8m, with a margin of 25.8% (32.3%)Cash and balance sheet bolstered by a €9m equity raise and a €15m bond tapGiG Media rebranded to Gentoo MediaFTDs for Gentoo Media were 121,900 (109.400), up 11% YoY Q2-23AskGamblers and KaFe Rocks thrives post acquisition showing strong growthStrategic acquisition of Casinomeister, an online casino advocacy and review platformSigned Head of Terms to acquire Titan Inc. Limited, a premier supplier of SEO and content services, significantly enhancing Gentoo Media’s operational efficiencyRevenues for Platform & Sportsbook were €7.3m (9.3), a decrease of 21%, with an adjusted EBITDA of €-1.6m (3.7)Platform & Sportsbook signed two new agreements, two additional Head of Terms and one contract extension in Q2 2024Four additional brands went live in the quarter, two so far in Q3 2024, and the number of live brands is 72 as of today Subject to the remaining regulatory and shareholder approvals, the split is expected to be executed by the end of September, with the first day of trading for Platform & Sportsbook anticipated on 1 October 2024

Investor presentation and webcast

Chairman of the Board, Mikael Riese Harstad, will host a presentation of the Q2 2024 results via livestream at 10:00 CET today with Jonas Warrer, CEO Media and group CEO, and Richard Carter, CEO Platform & Sportsbook, attending. The presentation will be followed by a Q&A-session, and investors, analysts and journalists are welcome to participate. The presentation will be given in English.

Link to the livestream:
https://www.redeye.se/events/1026774/live-q-gaming-innovation-group-9 

For further information, contact: 

Jonas Warrer, CEO of GiG, jonas.warrer@gig.com, +45 30788450
Richard Carter, CEO Platform & Sportsbook, Richard.carter@gig.com, +44 968753750
Tore Formo, Group CFO, tore@gig.com, +47 91668678

This information is information that Gaming Innovation Group Inc. (GiG) is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 28 August 2024.

About Gaming Innovation Group (GiG)

Gaming Innovation Group is a leading iGaming technology company, providing solutions, products and services to iGaming Operators. Founded in 2012, Gaming Innovation Group’s vision is ‘To be the industry leading platform, sportsbook and media provider delivering world class solutions to our iGaming partners and their customers. GiG’s mission is to drive sustainable growth and profitability of our partners through product innovation, scalable technology and quality of service. Gaming Innovation Group operates out of Malta and is dual-listed on the Oslo Stock Exchange under the ticker symbol GIG and on Nasdaq Stockholm under the ticker symbol GIGSEK. www.gig.com

Legal disclaimer 

Gaming Innovation Group Inc. gives forecasts. Certain statements in the report are forward-looking and the actual outcomes may be materially different. In addition to the factors discussed, other factors could have an impact on actual outcomes. Such factors include developments for customers, competitors, the impact of economic and market conditions, national and international legislation and regulations, fiscal regulations, the effectiveness of copyright for computer systems, technological developments, fluctuation in exchange rates, interest rates and political risks. 

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/gaming-innovation-group/r/gaming-innovation-group-reports-q2-2024,c4029520

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SOURCE Gaming Innovation Group

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E Ink Breaks Ground on Expansion of U.S. Research & Development Headquarters

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New facility underscores company’s long-term investment in innovation, advanced display technologies, and local economic growth

BILLERICA, Mass., July 21, 2026 /PRNewswire/ — E Ink, the originator, pioneer, and global commercial leader in ePaper technology, today celebrated the groundbreaking of an expansion of the U.S. headquarters in Billerica, Massachusetts. The project expands the footprint at the company’s Billerica Innovation Center, reinforcing E Ink’s long-term commitment to cutting-edge innovation and the Massachusetts technology ecosystem.

E Ink Breaks Ground on Expansion of U.S R&D Headquarters in Massachusetts.

“Today’s groundbreaking marks an exciting milestone for E Ink as we further invest in the people, technologies, and infrastructure that drive innovation,” said Paul Apen, Chief Business and Operations Officer at E Ink. “Expanding our Billerica campus strengthens our ability to advance technology innovation in the United States, support our customers around the world, and contribute to the continued growth of the local economy and innovation community.”

The expanded facility will provide a new, cutting-edge workspace that inspires collaboration and accelerates advancements in ePaper applications. Construction is expected to be completed by March 2027 with support from NV5 Planning & Design, Inc., IF Design L.L.C., and SPEC Process Engineering & Construction, Inc.

E Ink has a storied connection to the state of Massachusetts, having spun out of the MIT Media Lab in 1997 and since establishing its U.S. headquarters in Billerica. The Billerica campus is home to 260+ employees and serves as a key global R&D center, collaborating closely with customers, academic institutions, and industry partners to develop technologies that enable low-power, highly readable, and sustainable display solutions.

“We’re grateful for the ongoing partnership between the Town of Billerica and E Ink,” said Katherine Malgieri, Director, Planning & Community Development at the Town of Billerica. “This latest project is expected to create new jobs during development and upon completion, further contributing to the region’s innovation economy.”

About E Ink
E Ink Holdings Inc. (8069.TWO), based on technology from MIT’s Media Lab, provides an ideal display medium for applications spanning eReaders and eNotes, retail, home, hospital, transportation, logistics, and more, enabling customers to put displays in locations previously impossible. E Ink’s electrophoretic display products make it the worldwide leader for ePaper. Its low-power displays enable customers to reach their sustainability goals, and E Ink has pledged using 100% renewable energy in 2030 and reaching net zero carbon emissions by 2040. E Ink has been recognized for its efforts by receiving validation from Science-Based Targets (SBTi) and is listed in both the DJSI World and DJSI Emerging Indexes. Listed in Taiwan’s Taipei Exchange (TPEx) and the Luxembourg market, E Ink Holdings is now the world’s largest supplier of ePaper displays. For more information, please visit www.eink.com. E Ink. We Make Surfaces Smart and Green.

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SOURCE E Ink Corporation

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Hewlett Foundation Announces New $100 Million Emerging Technology and Security Initiative

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MENLO PARK, Calif., July 21, 2026 /PRNewswire/ — The William and Flora Hewlett Foundation announced a five-year, $100 million grantmaking initiative intended to help foster innovation while supporting the safe development of emerging technologies. Unveiled at the Aspen Security Forum, the Emerging Technology and Security Initiative addresses critical challenges in artificial intelligence, biotechnology, and quantum computing to help keep people safe in the US and around the world.

The initiative builds on $10 million in exploratory grants announced in February to institutions including Stanford’s Hoover Institution and Vanderbilt University’s Institute of National Security, with another $10 million planned through 2026.

“Rapidly emerging technologies like AI hold extraordinary promise while posing novel security challenges,” said Hewlett Foundation President Amber D. Miller. “We view embracing progress and tackling safety risks as natural complements, not competing approaches.”

The public increasingly worries that neither industry nor government can adequately balance innovation with cybersecurity. Independent institutions can bridge this gap, ensuring transformative technologies strengthen democratic societies while safeguarding against vulnerabilities and misuse.

The initiative supports civil society organizations, universities, think tanks, and independent institutions through three focused areas:

Protect Critical Infrastructure — Strengthen defense of essential systems including power grids, water infrastructure, hospitals, and the information ecosystem against AI-enabled threats domestically and globally.

Address Emerging Technology Vulnerabilities — Reduce security risks posed by AI and other fast-moving technologies, particularly biotechnology and quantum computing, while safeguards remain feasible.

Support Global Governance — Help U.S. states, allied governments, and capable actors worldwide develop responsible rules, norms, and frameworks for governing emerging technologies while advancing American leadership.

This initiative continues the Hewlett Foundation’s 60-year commitment to technology and security, including its decade-long Cyber Initiative that established cyber policy as a field. The foundation emphasizes empirically grounded, practical solutions addressing near-term security challenges.

“Too much of the AI and emerging technology debate misses questions ordinary people care about most — their safety and how these technologies impact their families,” said Eli Sugarman, director of Special Projects leading the initiative. “This is about evidence-based problem-solving, funding creative experts on critical cybersecurity challenges, and convening diverse stakeholders across government, industry, and civil society.”

The foundation believes success requires broad coalition partnerships, including constructive engagement with technology companies on shared safety and security priorities while maintaining civil society’s independence.

Learn more: hewlett.org/emerging-tech-and-security 

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SOURCE Hewlett Foundation

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Gastops Delivers 20,000th MetalSCAN® Sensor to the Aerospace Market

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OTTAWA, ON, July 21, 2026 /PRNewswire/ – Gastops, a Canadian leader in intelligent condition monitoring and predictive maintenance solutions, announced the delivery of its 20,000th MetalSCAN® oil debris monitoring sensor to the aerospace market at the Farnborough International Airshow today.

This milestone marks nearly three decades of innovation and collaboration with leading aerospace manufacturers. Gastops began developing MetalSCAN® technology in the early 1990s for integration into the Pratt & Whitney F119 engine powering the F-22 Raptor. Following the delivery of the first production unit in 1997, the technology has become a trusted condition monitoring solution across some of the world’s most advanced aerospace platforms. Pratt & Whitney is an RTX business.

The 20,000th aerospace MetalSCAN® sensor was delivered in June 2026 for Pratt & Whitney’s F135 engine program, which powers all variants of the F-35 Lightning II.

Over the past 35 years, MetalSCAN® has been selected for numerous military and commercial aerospace programs and is now an integral bill-of-material component on several leading propulsion platforms, including:

Pratt & Whitney F119 engine for the F-22 RaptorPratt & Whitney F135 engine and Lift Fan system for the F-35 Lightning IIEurojet EJ200 engine for the Eurofighter TyphoonPratt & Whitney GTF™ engine family

MetalSCAN® technology enables operators to detect and monitor metallic wear debris in lubricated systems, providing critical insight into equipment health and supporting condition-based maintenance strategies. MetalSCAN® helps maintenance teams make informed decisions that improve operational readiness, reduce unnecessary inspections, and optimize lifecycle costs.

For Gastops, supporting these world-class aerospace programs represents a significant achievement for a Canadian small-to-medium enterprise.

“For more than 35 years, our research and innovation, and collaboration with our partners have advanced our condition monitoring technologies that improve the safety, performance, and availability of critical aerospace assets,” said Daniel Obedi, Vice President, Aerospace Platforms at Gastops. “While MetalSCAN remains a core solution in our portfolio, we have also advanced complementary technologies such as ChipCHECK®, expanding the capabilities available to both commercial and defence operators worldwide.”

While MetalSCAN® is widely recognized for its aerospace applications, the technology is also deployed across marine, energy, and industrial markets. To date, Gastops has delivered more than 50,000 MetalSCAN® sensors worldwide across all industries.

About Gastops

Gastops is the world’s leading provider of intelligent condition monitoring solutions used in Aerospace, Defence, Energy, and Industrial applications to optimize the availability, performance, and safety of critical assets. We offer peace of mind to our customers with innovative online monitoring sensors, at-line analysis, complex modeling and simulation, world-class laboratory testing, engineering, design, and MRO services that predict performance to enable proactive operating decisions. We have been providing powerful insights into the condition of critical equipment since 1979. Gastops is the intelligence inside what moves you.

Media Contact:
Justin St-Denis
media@gastops.com  
+1 (613) 744-3530

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