Technology

ConnectM Provides Update from CEO

Published

1 year ago

May 10, 2025

MARLBOROUGH, Mass., May 9, 2025 /PRNewswire/ — ConnectM Technology Solutions, Inc. (OTC: CNTM) (“ConnectM” or the “Company”), a high-growth technology company on the leading edge of the energy economy, today issued the following letter to shareholders:

Dear ConnectM Community,

As promised, I would like to provide some more details on my team’s plan to regain compliance and re-list on Nasdaq.

First, I want to reiterate that ConnectM’s fundamentals have not changed. Our operations and growth prospects are as strong as ever. We have several appealing capital raise, organic, and inorganic growth options available to us, and management will prudently evaluate these options in the best interest of our stockholders. I believe the future remains bright for ConnectM and our intrinsic value is well above our current market price and would like to outline a plan in a bit more detail.

As mentioned in yesterday’s release, to provide immediate liquidity to our stockholders, we have already down-listed to the OTC Pink Open Market and our stock can be traded through certain brokerage accounts, including Charles Schwab, Fidelity, E*Trade, and Interactive Brokers. Some of these platforms require user approval for OTC trading and users may need to adjust account settings and risk profiles so please check with your broker if you would like to trade our stock.

Our team is currently laser focused on the filing of our Annual Report on Form 10-K, for the year ended December 31, 2024, followed by our Quarterly Report on Form 10-Q for the quarter ended March 31, 2025. Due to the growing nature of our business and the sophistication of some of our derivative financial instruments, the complexity of these reports has increased exponentially since 2023—as reflected by the 10X more hours our team has spent compiling them. Unfortunately, this has led to delays, but we believe we have put in the requisite controls and processes in place to file timely going forward.

In parallel with the filing of our 10-K, management is evaluating all available options including applying to uplist from OTC Pink to a higher OTC exchange tier, whose listing rules require current reporting status. Trading on a higher OTC tier indicates to the market that the Company meets reporting standards and baseline governance. Unlike OTC Pink companies, higher tier OTC companies must remain current in their disclosures, thereby improving credibility and investor confidence. In parallel with an OTC uplisting, we intend to re- file our re-sale S-1 and continue to work with our investment bank and capital market advisor, ThinkEquity, on a capital raise plan to bring fresh growth capital into ConnectM.

In conjunction with a capital raise process, our team will evaluate an IPO or uplisting back to Nasdaq or NYSE as soon as possible under the exchange listing rules.

We are confident this process will result in a stronger, more resilient ConnectM. My management team and I want to reiterate our commitment to the company, our employees, our stockholders, and our community. ConnectM is a viable, strong, growing company and we will demonstrate this in due course.

Please don’t hesitate to reach out with your questions via our contact information below:

CNTM@redchip.com 

1-407-644-4256

Sincerely Yours,

Bhaskar Panigrahi

About ConnectM Technology Solutions, Inc.

ConnectM is a constellation of companies powering the next generation of electrified equipment, mobility, and distributed energy—thus enabling a faster, smarter transition to a modern energy economy. The Company provides residential and light commercial service providers and original equipment manufacturers with a proprietary Energy Intelligence Network platform to accelerate the transition to all-electric heating, cooling, and transportation. Leveraging technology, data, artificial intelligence, and behavioral economics, ConnectM aims to lower energy costs and reduce carbon emissions globally.

For more information, please visit: https://www.connectm.com/

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act and Section 21E of the Securities Exchange Act of 1934, as amended (the “Exchange Act”). We have based these forward-looking statements on our current expectations and projections about future events. All statements, other than statements of present or historical fact included in this press release, regarding our future financial performance and our strategy, expansion plans, future operations, future operating results, estimated revenues, losses, projected costs, prospects, plans and objectives of management are forward-looking statements. In some cases, you can identify forward-looking statements by terminology such as “may,” “should,” “could,” “would,” “expect,” “plan,” “anticipate,” “intend,” “believe,” “estimate,” “continue,” “project” or the negative of such terms or other similar expressions. These forward-looking statements are subject to known and unknown risks, uncertainties and assumptions about us 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 such forward-looking statements. Except as otherwise required by applicable law, we disclaim any duty to update any forward-looking statements, all of which are expressly qualified by the statements in this section, to reflect events or circumstances after the date of this press release. We caution you that the forward-looking statements contained herein are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond our control. In addition, we caution you that the forward-looking statements regarding the Company contained in this press release are subject to the risks and uncertainties described in the “Cautionary Note Regarding Forward-Looking Statements” section of the Current Report on Form 8-K filed with the Securities and Exchange Commission on July 18, 2024. Such filing identifies and addresses other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and ConnectM is under no obligation to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise.

Contact:

Investor Relations
Dave Gentry, CEO
RedChip Companies, Inc.
1-407-644-4256
CNTM@redchip.com

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SOURCE ConnectM Technology Solutions, Inc.

Technology

Teleste Brings Live OTT Streams to Broadcast TV with New Luminato 4X4 Receiver

Published

23 minutes ago

September 28, 2026

Operators can bring live OTT streams to sites that cannot use them directly-expanding service options for existing customers and opening new locations to TV delivery.

TURKU, Finland, Sept. 28, 2026 /PRNewswire/ — Teleste today announced a new receiver for Luminato 4X4 that enables operators to deliver over-the-top (OTT) television streams to sites using conventional cable or IPTV distribution. Available in Q4 2026, the receiver converts incoming OTT streams into the formats those local systems require. By adding the Luminato receiver, operators can extend their television offering without changing their delivery network or the site’s television distribution.

The new capability gives operators another way to use their OTT delivery infrastructure: the same live streams used to serve streaming customers can also supply a conventional television channel lineup at the destination. Delivery over broadband connections allows operators to serve locations beyond their own network. Hotels, hospitals, care facilities and multi-dwelling properties are natural applications, alongside other sites requiring local cable or IP television distribution.

“Moving the incoming television feed to streaming does not mean every screen has to become a streaming device,” said Julius Tikkanen, Vice President, Video Service Platforms at Teleste. “Luminato handles that transition at the receiving site. Operators can develop their delivery network while continuing to offer television in the format that works for each customer.”

Streaming reception with broadcast processing

The adaptive bitrate (ABR) receiver supports live MPEG-DASH streams and decryption of content protected by Widevine DRM. MPEG-DASH is a standard for delivering OTT television streams over broadband. The receiver converts these services into MPEG transport streams for local IP multicast or QAM distribution. IP and QAM outputs can operate simultaneously, allowing the same installation to serve different distribution requirements.

For cable distribution, the dense QAM module supports up to 32 QAM carriers per module, with support for DVB-C and ITU-T J.83 Annex B. Reception and output modules can be selected to match the installation’s requirements. The Luminato 4X4 chassis accommodates up to six hot-swappable modules and dual power supplies, providing capacity for expansion, modular servicing and power redundancy.

The receiver will be available for both new Luminato 4X4 systems and compatible existing installations. New deployments can be configured for ABR reception from the outset. Existing users can add the receiver while retaining applicable processing and output modules. Both approaches draw on the same modular broadcast platform and its established range of IP and RF delivery options.

About Teleste

Teleste (HEL: TLT1V) offers an integrated portfolio of products and services that helps build and run a better-networked society. Our solutions deliver broadband and television services, enhance safety in public places, and support the use of public transport. With solid industry expertise and a strong drive for innovation, we are a leading international company in broadband, security and information technologies and related services. We connect with our customers through a global network of offices and partners. Teleste is listed on Nasdaq Helsinki. For more information, please visit www.teleste.com.

Media inquiries
Teleste – Linda Kallas, SVP, Communications, linda.kallas@teleste.com

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

https://news.cision.com/teleste-corporation/r/teleste-brings-live-ott-streams-to-broadcast-tv-with-new-luminato-4×4-receiver,c4401363

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Technology

Deakin University awards Vice Chancellor’s Meritorious 50% Scholarships to 8 students across 4 HUBs in India

Published

23 minutes ago

September 28, 2026

NEW DELHI, Sept. 28, 2026 /PRNewswire/ — Deakin University, Australia, is proud to announce the Vice Chancellor’s Meritorious 50% Scholarships 2026, recognising eight high-achieving students from across its four India HUB partners — Manipal Academy of Higher Education (MAHE), Symbiosis International University (SIU), O.P. Jindal Global University and Chitkara University.

Two outstanding students from each HUB will receive a 50% contribution towards their Deakin tuition fees, recognising their academic excellence, leadership potential, achievements and ambition to make a meaningful difference. Six students have already been recognised, with two scholarships still to be awarded this year.

The scholarships reflect Deakin’s commitment to its ‘in India, with India, for India’ approach to engagement, working with its India HUB ecosystem to create meaningful international pathways that connect strong academic foundations in India with globally connected education, networks and career opportunities.

For the recipients, the scholarship represents more than financial support. It is recognition of their journey, confidence in their potential and an opportunity to develop the global capabilities, connections and experiences needed to thrive in an increasingly interconnected world.

Sharing her thoughts on the occasion, Ravneet Pawha, Vice President (Global Engagement) and CEO (South Asia), Deakin University, said, “Our India HUB partnerships are about opening doors to a world of opportunity by giving students the ability to build on their education in India while accessing Deakin’s global learning, industry and professional networks.”

“These scholarships are an important part of that journey, recognising ambitious students and giving them the support and confidence to pursue their aspirations, embrace global opportunities and create impact in the world.”

Ishan Attri, from Chitkara University, who will pursue the Master of Data Science (Professional), sees the scholarship as a significant step towards advancing his career in the data science industry, with Deakin’s internationally recognised qualification opening pathways to senior roles and global opportunities.

For Parth Bhandari of Chitkara University, the scholarship brings him closer to his ambition of becoming a leader in cybersecurity with opportunities to build the skills, knowledge and global exposure at Deakin.

Aditi Raj, from O.P. Jindal Global University, sees the scholarship as recognition of her journey, giving her confidence to begin her education in a new country and experience a global learning environment.

For Alekhya Chaganti, of SIU, the scholarship is more than an award. It offers access to a global community and a launchpad for her ambitions.

Snigdha, from MAHE, sees the opportunity as a catalyst for personal and academic growth, empowering her to broaden her horizons and connect with an inspiring global community.

Deakin’s India HUB strategy is built on developing deep, long-term partnerships with leading Indian institutions, creating integrated ecosystems that bring together education, research, industry engagement and student mobility. Through these partnerships, Deakin works with its HUB institutions to create diverse pathways including dual degrees, curriculum licensing, articulation pathways, integrated Masters, cotutelle programs, academic mobility and joint research opportunities.

At the heart of this strategy is an aim to create meaningful global pathways for India’s brightest students. By building on the strong academic foundations students develop in India, the HUB model connects them to Deakin’s international learning environment, global networks and industry opportunities.

To know more about Deakin HUBs in India, please visit Partnerships

About Deakin University:

Established in 1974, Deakin University successfully combines excellence in teaching, research and effective partnerships with industry and government to deliver high-quality courses and undertake research that makes a difference to the domestic and international communities it serves.

Deakin’s South Asia operations commenced in 1994 at New Delhi, India, making it one of the first overseas education providers to set up operations in this region. Here, Deakin engages with the government, industry, and academia to share its vibrant culture of education and research.

To know more about Deakin University and its various initiatives as part of its ‘in India, with India, for India’ approach towards engagement, please visit Deakin South Asia partnerships and pathways | Deakin

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Technology

Crypto, Sports, Esports: Bybit Gamifies Freedom of Choice Through ByPick

Published

23 minutes ago

September 28, 2026

DUBAI, UAE, Sept. 28, 2026 /CNW/ — Bybit, the New Financial Platform trusted by more than 80 million users worldwide, has introduced ByPick, a free-to-play prediction game built on winning points other than prize money. Launched with a “Make Your Pick” campaign, ByPick enables users to forecast outcomes across crypto, sports, and esports and major market-moving financial events, with participants racing to build winning streaks and climbing seasonal leaderboards for a share of a 100,000 USDT leaderboard prize pool.

Prediction markets have become a defining trend across financial platforms, drawing millions of participants to platforms built on real-money wagers. That model has also brought controversy and introduced a slew of risk factors for players. ByPick takes a different format: a points-based game in the Bybit app, where the outcome of a pick affects a user’s streak and leaderboard standing instead of a direct shift in a wallet balance.

Make Your Pick: Turning Opinions into Fun Gameplay and Rewards

To participate, eligible Bybit users may register for the event to receive 200 Campaign Points as a one-time starter bonus, with no deposit or trading tasks required. From there, a Points Top-up Station keeps active users supplied: eligible users who complete a trade that day can refill their balance back up to a 200 cp floor once every 24 hours, with the offer resetting at 00:00 UTC.

Participants can also embark on their personal quest for additional points by completing tasks, including daily check-ins for consistency and receiving milestone bonuses for consecutive streaks. A variety of tasks are tailored to players of various styles:

Correct picks pay out Campaign Points proportionally based on the odds at the time of the prediction.Battle Pass milestones unlock further Campaign Points.Designated Trading Tasks offer a repeatable, uncapped way to earn Campaign Points through qualifying trades.Referrals yield Campaign Points for each friend who joins.New players who register partway through the season are automatically enrolled in a time-limited Sprint Task with enhanced Campaign Points rewards, giving later joiners a way to close the gap on the leaderboard.

All users are ranked on a single leaderboard based on total Campaign Points earned during the season, with two prize pools for user groups divided by a threshold of 10,000 USDT in cumulative trading volume, including the Standard Prize Pool and the Grand Prize Pool.

The community-first, experience-based new feature underscores Bybit’s commitment to serving its global user base and meeting every Bybit customer’s diverse needs, unlocking one financial freedom at a time.

ByPick is available now to eligible Bybit users through the Bybit app under the Make Your Pick campaign. Terms and conditions apply. For details, users may visit: ByPick Season 1: Free Picks to Earn Points

Campaign Points (cp) have no monetary value and cannot be withdrawn or transferred. Bybit reserves the right of final interpretation.

About Bybit

Bybit is The New Financial Platform.

We believe every person should have access to every financial opportunity on earth. That’s why we’re building the first intelligent platform that connects anyone, anywhere to the world’s finance.

Trusted by more than 80 million users worldwide, Bybit brings together investing, trading, payments, and wealth-building in a single secure and intelligent ecosystem. Through the combination of AI-powered technology, deep global liquidity, robust security, and transparent operations, Bybit makes global finance more accessible, efficient, and empowering for everyone.

Built for everyone. Powered by intelligence. Open to the world.

Learn more at Bybit.com.
For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media