Connect with us

Technology

LISNR and S-CUBE Forge Partnership to Elevate Transit Systems in India with Ultrasonic Technology

Published

on

The Collaboration Signifies A Shared Global Commitment To Delivering Be In, Be Out Solutions for Mass Transportation Automatic Fare Collection Systems

CINCINNATI, July 30, 2024 /PRNewswire-PRWeb/ — LISNR, a leader in ultrasonic data transmission, is excited to announce its strategic partnership with S-CUBE, which aims to augment and elevate transit systems in India through advanced ultrasonic technology. S-CUBE, the trading name of Satyam Software Solutions, specializes in automation solutions and mass rapid transit systems, providing innovative and cost-effective services tailored to urban mobility.

“Working with LISNR allows (S-CUBE) to enhance the standards of transit technology in India and beyond, integrating ultrasonic solutions to increase system throughput and reduce congestion, particularly in high-density scenarios.”

The collaboration will further cement ultrasonic as a new standard for urban mobility solutions to complement the existing ecosystem for mass transit operators in India. With its scalable, versatile applications from 1-to-one to 1-to-many, LISNR’s ultrasonic technology can replace or work alongside existing solutions like NFC and QR code systems.

Transforming Multimodal Travel

The integration of Radius, LISNR’s ultrasonic SDK alongside S-CUBE’s existing automatic fare collection systems will facilitate enhanced mobile ticketing, payments, and BIBO systems. This initiative is designed to complement and extend the capabilities of current technologies, thereby improving the efficiency and security of transit systems throughout India, including major cities like Delhi, Mumbai, and Jaipur; the system will subsequently be rolled out to other countries around the world, including South Korea, Dubai, the United Kingdom, and the United States.

Eric Allen, CEO of LISNR, emphasized the importance of this partnership to bring ultrasonic to the high-speed travel market in India. “Our collaboration with S-CUBE represents a significant step forward in enriching urban mobility solutions. Ultrasonic technology complements existing modalities and opens new possibilities for addressing complex transit challenges. This partnership represents our commitment to innovation and our belief in the transformative potential of ultrasonic solutions in high-speed, high-volume transit environments.”

Expanding Ultrasonic Utility

The rollout of the National Common Mobility Card and the standardization of new data modalities in India are significant steps forward for transit solutions in India. LISNR’s technology will help S-CUBE expand the capabilities of automatic fare collection systems using a new identification protocol at the device level without increasing hardware costs or transactional friction. Ultimately, S-CUBE’s goal is to increase system throughput minimums by 42% and provide a hassle-free travel experience.

Ritesh Verma, CEO of S-CUBE, echoes a shared vision for the partnership. “Working with LISNR allows us to enhance the standards of transit technology in India and beyond, integrating ultrasonic solutions to increase system throughput and reduce congestion, particularly in high-density scenarios.”

The Future of Urban Mobility Transit in India is Ultrasonic

This partnership signifies a joint commitment to setting new standards that will continue to shape the landscape of public transportation globally. As LISNR and S-CUBE continue to innovate within the transit sector, they invite transport operators and stakeholders to join them in shaping the future of urban mobility. To learn more about how LISNR’s ultrasonic solutions empower urban mobility applications, visit the website.

ABOUT LISNR

LISNR powers secure and seamless data transmission in over 100 countries using sound for proximity verification, proximity marketing, and transaction verifications. Its ultrasonic SDK challenges conventional methods like Bluetooth, NFC, and QR codes, offering a versatile, offline alternative requiring no special hardware. By converging offline and online experiences, LISNR’s technology is critical to digital transformation initiatives in urban mobility, retail, financial services, digital identity, and hospitality. For more information, visit LISNR.com.

ABOUT S-CUBE

Satyam Software Solutions, an ISO 9001:2015 and ISO 20000 – 1: 2018 certified company founded in 2006, specializes in delivering innovative solutions for Automation and Mass Rapid Transit Systems, including metros and BRTS. With a robust product portfolio that includes Automatic Fare Collection Systems and Industrial Automation, S-CUBE tailors its services to meet client needs throughout the product development lifecycle, ensuring cost-effective quality with a focus on technology and innovation. For more information, visit S-CUBETECH.com.

Media Contact

Julie Chadbourne, LISNR, 1 (513) 322-8400, julie.chadbourne@lisnr.com, https://Lisnr.com 

View original content to download multimedia:https://www.prweb.com/releases/lisnr-and-s-cube-forge-partnership-to-elevate-transit-systems-in-india-with-ultrasonic-technology-302209499.html

SOURCE LISNR

Continue Reading

Technology

Rocket Companies to Announce Third Quarter 2026 Results on October 29, 2026

Published

on

By

DETROIT, Oct. 22, 2026 /PRNewswire/ — Rocket Companies, Inc. (NYSE: RKT) (“Rocket Companies” or “the Company”), the Detroit-based homeownership platform, today announced that the Company will issue its third quarter 2026 earnings on October 29, 2026. Leadership will host a conference call to discuss results at 4:30 p.m. ET on that date. A press release detailing the Company’s results will be issued prior to the call.

A live webcast of the event will be available on the “Events & Presentations” section of the Company’s Investor Relations website at ir.rocketcompanies.com. A replay of the webcast will be available on the Investor Relations website following the event.

About Rocket Companies

Founded in 1985, Rocket Companies (NYSE: RKT) is a Detroit-based homeownership platform including mortgage, real estate and personal finance businesses: Rocket Mortgage, Redfin, Rocket Close, Rocket Money and Rocket Loans.

With insights from more than 160 million calls with clients each year, more than 30 petabytes of data and a mission to Help Everyone Home, Rocket Companies is well positioned to be the destination for AI-fueled homeownership.

For more information, please visit the Company’s Corporate website or Investor Relations website.

View original content to download multimedia:https://www.prnewswire.com/news-releases/rocket-companies-to-announce-third-quarter-2026-results-on-october-29-2026-302917496.html

SOURCE Rocket Companies, Inc.

Continue Reading

Technology

Lunai Bioworks Announces Receipt of Nasdaq Determination and Intention to Voluntarily Delist and Deregister

Published

on

By

SACRAMENTO, Calif., Oct. 22, 2026 /PRNewswire/ — Lunai Bioworks Inc. (Nasdaq: LNAI) (the “Company”) announced that on October 21, 2026, it received a letter from the Listing Qualifications Department of The Nasdaq Stock Market LLC (“Nasdaq”) stating that the Company no longer complies with Nasdaq Listing Rule 5550(b)(1), which requires minimum stockholders’ equity of $2,500,000. The Company reported a stockholders’ deficit of $(9,024,946) in its Annual Report on Form 10-K for the fiscal year ended June 30, 2026, and does not meet the alternative market value of listed securities or net income standards. Because the Company is subject to a mandatory Hearings Panel Monitor under Nasdaq Listing Rule 5815(d)(4)(B), Nasdaq staff determined to delist the Company’s securities. Trading in the Company’s common stock on Nasdaq is expected to be suspended at the opening of business on October 30, 2026.

The Company will not request a hearing. Rather than contest the staff determination, the Company’s Board of Directors approved on October 22, 2026 the voluntary withdrawal of the Company’s common stock from listing on Nasdaq under Rule 12d2-2(c) under the Securities Exchange Act of 1934, as amended. The Board took this action because of the staff determination and the Company’s financial condition, and concluded that the cost of continued listing and SEC reporting is not justified.

The Company notified Nasdaq of its intention on October 22, 2026. The Company intends to file a Form 25 with the Securities and Exchange Commission (the “SEC”) on or about November 2, 2026, and expects the delisting to become effective on or about November 12, 2026. The Company then intends to file a Form 15 to suspend its SEC reporting obligations, to the extent it is eligible to do so. The Company’s SEC reporting obligations will continue unless and until they are terminated or suspended in accordance with the SEC’s rules.

The Company does not intend to arrange for quotation of its common stock on any over-the-counter market and cannot assure that any trading market for its common stock will exist after trading on Nasdaq is suspended.

Forward-Looking Statements
This press release contains forward-looking statements, including statements regarding the expected suspension of trading, the expected timing of the Form 25 and Form 15 filings, and the expected timing of delisting and deregistration. Actual results may differ materially due to risks and uncertainties, including Nasdaq and SEC procedures and the Company’s financial condition. The Company undertakes no obligation to update these statements, except as required by law.

View original content to download multimedia:https://www.prnewswire.com/news-releases/lunai-bioworks-announces-receipt-of-nasdaq-determination-and-intention-to-voluntarily-delist-and-deregister-302917510.html

SOURCE Lunai Bioworks Inc.

Continue Reading

Technology

Bulletin from Sivers Semiconductors AB’s Extraordinary General Meeting on 22 October 2026

Published

on

By

KISTA, Sweden, Oct. 22, 2026 /PRNewswire/ — The Extraordinary General Meeting in Sivers Semiconductors AB (the “Company”) was held on 22 October 2026 and in particular the following resolutions were resolved.

Election of auditor

The Extraordinary General Meeting resolved, in accordance with the Nomination Committee’s proposal, to terminate the assignment of the Company’s auditor Deloitte AB and to elect Ernst & Young AB as new auditor for the period until the close of the next Annual General Meeting.

Resolution on a long-term incentive program

The Extraordinary General Meeting resolved to introduce a long-term incentive program (the “P11”) for employees of the group in the United States, Scotland, Sweden, India and China.

P11 comprises a maximum of 7,280,000 stock options entitling to purchase of the same number of shares, corresponding to approximately 2.0 per cent of the shares and votes in the Company after dilution. The stock options are granted free of charge, are not subject to any performance conditions, and may not be transferred or pledged. Each vested stock option entitles the employee to acquire one ordinary share between the third and the sixth anniversary of the date of grant, at a price corresponding to 110 per cent of the volume-weighted average price of the Company’s share on Nasdaq Stockholm during the five trading days immediately preceding the date of grant.

Resolution to authorise the Board of Directors to resolve on directed issue of Series C shares

The Extraordinary General Meeting resolved to authorise the Board of Directors to, until the next Annual General Meeting, resolve on a new issue of no more than 7,280,000 Series C shares to be subscribed for by a bank or securities company at a subscription price corresponding to the quota value.

The purpose is to secure delivery of shares to participants under the Company’s outstanding incentive programs and payment of related social security charges. The Series C shares will be reclassified into ordinary shares before transfer to participants.

Resolution to authorise the Board of Directors to resolve on repurchase of Series C shares and transfer of ordinary shares to secure payment of social security charges

The Extraordinary General Meeting resolved to authorise the Board of Directors to, until the next Annual General Meeting, resolve on repurchases of all outstanding Series C shares, at a price corresponding to the quota value.

The Board of Directors was further authorised to, until the next Annual General Meeting, transfer own ordinary shares on Nasdaq Stockholm within the applicable price range, or outside Nasdaq Stockholm to a bank or securities company with deviation from the shareholders’ preferential rights at such market discount as the Board of Directors deems appropriate, to the extent required to secure payment of social security charges related to the Company’s outstanding incentive programs.

For more information, please contact:

Vickram Vathulya, CEO, Sivers Semiconductors AB (publ)

Email: ir@sivers-semiconductors.com

Tel: +46 (0)8 703 68 00

About Sivers Semiconductors

Sivers Semiconductors is a critical enabler of a greener data economy with energy efficient photonics & wireless solutions. Our differentiated high precision laser and RF beamformer technologies help our customers in key markets such as AI Datacenters, SATCOM, Defense and Telecom solve essential performance challenges while enabling a much greener footprint. For additional information, please visit us at: www.sivers-semiconductors.com. (SIVE.ST)

CONTACT:

Media Contact   
Tyler Weiland 
Shelton Group
+1-972-571-7834
tweiland@sheltongroup.com

Company Contact
Heine Thorsgaard
CFO 
ir@sivers-semiconductors.com

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

https://news.cision.com/sivers-semiconductors/r/bulletin-from-sivers-semiconductors-ab-s-extraordinary-general-meeting-on-22-october-2026,c4414255

View original content:https://www.prnewswire.com/news-releases/bulletin-from-sivers-semiconductors-abs-extraordinary-general-meeting-on-22-october-2026-302917519.html

SOURCE Sivers Semiconductors

Continue Reading

Trending