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Deep Tech Firm Makes the Oceans Transparent

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BMRT’s Generation 2 Platform Demonstrates Maritime, Underwater, and Long-Range Detection Capabilities Including a Previously Undisclosed 970-Mile U-235 Event

STUART, Fla., June 17, 2026 /PRNewswire/ — Base Molecular Resonance™ Technologies (“BMRT”) today announced a series of major advancements in maritime and long-range detection capabilities utilizing its proprietary Base Molecular Resonance™ (BMR™) technology platform, including unprecedented offshore and underwater detection results achieved with its Generation 2 platform following the successful completion of a separate U.S. government-sponsored field study.

The results mark the first operational deployment of BMRT’s Generation 2 (“Gen 2”) platform in a true maritime environment and further reinforce the company’s position at the intersection of advanced physics, national security, and resonance-based detection technologies.

“These results fundamentally alter how the world should think about shielding, distance, underwater concealment, and the movement of strategic materials,” said Robert “Bo” Short, Co-Founder and CEO of BMRT. “The oceans have historically served as a sanctuary for concealment, transport, and strategic ambiguity. With this technology those assumptions collapse.”

Unlike previous demonstrations, which emphasized long-range performance in land-based settings as well as controlled tethered aerial scenarios, the Generation 2 maritime testing initiative was specifically designed to assess precision detection capabilities within a maritime operating environment. Rather than pursuing maximum standoff distances, the effort focused on validating target discrimination, environmental stability, and detection precision from mobile maritime platform.

Maritime Detection Results — Generation 2 Platform
Operating from maritime vessels offshore, BMRT conducted a series of advanced detection exercises with the following results:

Standoff Detection — Maritime Platform
From a maritime platform positioned approximately 1,500 feet offshore, the Gen 2 system successfully detected ten individual nitrocellulose-based propellant targets located inside a vehicle on land.

Single-Target Detection — Maritime Platform
While operating from a maritime vessel, the system successfully detected a single trace quantity of nitrocellulose-based propellant positioned on a floating object at an approximate distance of 270 feet.

Multi-Target Detection — Extended Range
From a maritime platform, the system detected two discrete nitrocellulose-based propellant targets positioned on a floating object at approximately 450 feet, demonstrating enhanced range performance with increased target mass.

Subsurface Detection — Maritime Platform
In underwater trials, trace quantities of nitrocellulose-based propellant were submerged at depth to evaluate system performance through water. Despite the extremely low target mass, detection remained precise and stable, performing as though the water itself were effectively absent from the detection environment.

Previously undisclosed demonstrations utilizing BMRT’s Generation 1 platform had already revealed evidence suggesting that water may actually enhance certain resonance propagation behaviors associated with the company’s proprietary physics architecture.

Previously Undisclosed 970-Mile U-235 Detection Event
BMRT also publicly disclosed for the first time details surrounding a long-range detection event involving U-235.

During a demonstration attended by representatives from an elite U.S. Combatant Command, BMRT’s Generation 2 system reportedly detected U-235 from Stuart, Florida, across the Gulf of America to the South Texas Project Electric Generating Station near Bay City, Texas, a distance of approximately 970 miles.

Military representatives present during the demonstration independently recorded the system’s line-of-bearing data, plotted the vectors onto a map, and determined that the resulting detection path landed directly on top of the nuclear generating facility.

The result exceeded BMRT’s previously documented Generation 1 long-range performance by approximately 323 miles.

Until now, BMRT had not publicly discussed its Generation 1 U-235 and Pu-239 long-range detection capabilities. During validation work conducted by the Centre for Applied Innovation at York St John University in York, England, long-range exercises involving both U-235 and Pu-239 demonstrated the system’s ability not only to detect nuclear material signatures, but also to geospatially localize them with exceptional precision. Multiple independent observation points enabled triangulation of the source region, with the resulting convergence providing strong confirmation of the detected location at extended ranges.

BMRT stated that it is now releasing portions of this information due to the continued maturation of the technology, the successful evolution into its Generation 2 architecture, and the increasing strategic importance of transparent discussions surrounding nuclear detection, maritime security, counter-proliferation, and strategic deterrence.

“We are entering an era where the movement of strategic materials can no longer remain hidden by distance, shielding, terrain, or water,” said Lee Duke, BMRTs Co-Founder and President. “The implications for global security, maritime monitoring, counter-proliferation operations, and nuclear transparency are profound.”

BMRT indicated that it is currently developing the architecture for its Generation 3 (“Gen 3”) platform, which is expected to substantially extend both precision and standoff capabilities.

Strategic Implications
BMRT believes these advancements have implications far beyond conventional detection applications, including:

Maritime domain awarenessCounter-proliferation operationsUnderwater threat detectionPort and coastal securityStrategic border protectionDetection of shielded nuclear and radiological materialsCounter-smuggling operations involving weapons, narcotics, and explosivesMonitoring strategic material movement across land and maritime environments

The company further stated that ongoing testing increasingly suggests that resonance propagation characteristics through water may amplify certain aspects of the technology’s performance, a phenomenon BMRT believes could fundamentally reshape assumptions surrounding subsea concealment and maritime strategic mobility.

“As our technology continues to scale the way our testing and data suggests, the ability to monitor strategic nuclear traffic across maritime environments could become one of the most consequential national security advancements of this generation,” said Short.

For more information, visit www.BMRT.io

Investment Inquiries
Robert “Bo “Short
Co-Founder & CEO
bo@bmrt.io

Media Contact
Bryan Adams
Chief Marketing Officer
bryan@bmrt.io

About Base Molecular Resonance™ Technologies (BMRT)
BMRT has discovered a new area of quantum physics that utilizes resonant frequencies to detect particle interactions at subatomic levels. This technology, called Base Molecular Resonance™ (BMR™), can detect any compound or biological substance, including every element on the periodic table, and up to 200 cancers and other diseases. With over 20 years of prototyping and testing proving its unmatched detection capabilities, BMRT™ has the potential to save millions of lives by pinpointing weapons, explosives, and other physical threats both up close and at great distances and detecting cancers and other diseases long before they present clinical symptoms. The non-invasive, harmless, and instant scan has broad implications in Cancer Diagnostics, Public Safety, Law Enforcement, National Security, and Military Services. BMRT currently holds 20 patent assets and has received an independent $60.3 billion intellectual property valuation across 56 global use cases. To better understand how BMR™ technology works: Click Here

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SOURCE Base Molecular Resonance Technologies, LLC

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IIFL Capital Launches Algo Marketplace with Over 100 Ready-Made Strategies

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MUMBAI, India, June 19, 2026 /PRNewswire/ — IIFL Capital Services Limited (https://www.iiflcapital.com) today announced the launch of its next-generation algorithmic trading platform. The platform offers access to more than 100 ready-made exchange-approved algorithmic trading strategies, making sophisticated trading tools accessible to a wider investor base.

Algorithmic trading has emerged as one of the fastest-growing segments in global capital markets, driven by advances in technology, data analytics and automation. In India, increasing regulatory clarity and growing investor adoption are accelerating the shift towards systematic and rules-based trading approaches.

Commenting on the launch, Rachit Mehta, Head of Products and Platform, IIFL Capital, said:

“For over three decades, IIFL has been at the forefront of innovation in India’s financial services industry. From pioneering digital investing solutions to building cutting-edge trading infrastructure, technology has been central to our growth journey. The launch of our Algo Marketplace marks another important milestone in that evolution.”

“With access to over 100 ready-made strategies, a robust technology architecture and participation from leading exchange-approved strategy providers, I believe we have created one of the most comprehensive algorithmic trading ecosystems in the country. Our objective is to democratize access to sophisticated trading strategies and empower investors with institutional-grade tools through a simple and intuitive platform.”

The launch further strengthens IIFL Capital’s position as a technology-led financial services institution. Over the past three decades, the company has consistently invested in digital innovation, helping millions of investors access capital markets through advanced yet user-friendly solutions.

As algorithmic trading continues to gain momentum in India, IIFL Capital’s platform aims to bridge the gap between institutional-grade technology and retail investor participation, bringing automation, discipline and data-driven decision-making to a broader audience.

About IIFL Capital Services Ltd

IIFL Capital Services Ltd (formerly known as IIFL Securities Limited) (NSE: IIFLCAPS) (BSE: 542773) is one of the key capital market players in the Indian financial services space. IIFL Capital offers broking services, wealth management, financial products distribution, institutional broking, research and investment banking services.

Photo: https://mma.prnewswire.com/media/2997315/IIFL_Algo_announcement.jpg

 

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LUMIQ Raises INR 50 Crore Pre-Series B to Become the AI Decision Layer for Financial Services

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While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW DELHI and MUMBAI, India, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997317/LUMIQ_Funding.jpg

 

 

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LUMIQ Raises Strategic Funding to Become the AI Decision Layer for Financial Services

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on

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While most AI in financial services remains advisory, LUMIQ has built the layer that owns the decision — autonomous, auditable AI agents making regulated calls in production at leading banks, insurers, and capital markets firms. Today, LUMIQ serves clients across India, the United States, and Southeast Asia — leading institutions across insurance, banking, and capital markets.

NEW YORK and SINGAPORE, June 19, 2026 /PRNewswire/ — LUMIQ, an AI-native financial services company, today announced a strategic funding round to scale auto-decisioning for financial institutions across the United States and Southeast Asia. The round was led by Bajaj Finserv, one of India’s largest and most diversified financial services groups, with participation from existing investor Info Edge Ventures.

Right now, thousands of customers are waiting for a policy to be issued, a loan to be disbursed, a claim to be adjudicated, because somewhere an FSI employee is drowning in decisions, held back by the risk of getting it wrong. Today, when e-commerce delivers the same day, banks and insurers still decide in weeks. We built LiteCone to take that burden: AI decides the routine cases, completely and accountably, so humans spend their judgment on the one case that actually needs it. This round lets us bring that to every financial institution in the markets that matter most.
Shoaib Mohammad, Co-founder and CEO, LUMIQ

From AI that assists to AI that decides

For decades, financial institutions have bought technology that made their people faster — faster data, faster scoring, faster copilots. The decision still landed on a human. LUMIQ is changing that. Through its LiteCone platform, the company deploys AI agents that read the file, apply the institution’s own guidelines, and reach the decision end to end — escalating only the cases that genuinely require human judgment. The output is not a recommendation. It is a decision, with full reasoning attached, cross-referenced to policy, and defensible under audit.

The results in production speak clearly. At a leading life insurer, LUMIQ’s LEO agent decides 75–80% of underwriting cases with zero human touch, reduced policy issuance cost by roughly 25%, and compressed turnaround from days to under eight minutes — running 24×7 with complete auditability. Across its client base spanning insurance, banking, and capital markets in India, the US, and Southeast Asia, LUMIQ now processes millions of decisions annually.

LiteCone turns a real financial-services role into a working AI agent in weeks. Every agent we deploy is consistent, explainable, compliant, and auditable by design — not as an afterthought. This capital lets us go deeper on the platform and broader across roles. And through our cloud and AI lab partnerships, institutions will increasingly find LiteCone already embedded in the platforms they run today.
Vaibhav Dobriyal, Co-founder and Chief Product Officer, LUMIQ

This round funds four priorities: expanding go-to-market in the US and Southeast Asia; deepening LiteCone’s decisioning capabilities; extending the agent workforce across more financial-services roles; and building a partnership ecosystem with cloud hyperscalers, AI labs, and core banking and insurance platforms so LiteCone is embedded where institutions already run.

LUMIQ’s investors backed the round for the same reason its customers adopt LiteCone: agents already deciding in production, with auditability and control built in.

As a financial-services group, we know how much rests on getting regulated decisions right, at speed and at scale. LUMIQ has built AI agents that decide in production with auditability and control built in, the capability the industry has been moving toward. We are proud to lead this round and to support the team’s expansion across the US and Southeast Asia.
Lakshmi Iyer, Group President – Investments & CEO, Bajaj Alternates

Our conviction is grounded in what LUMIQ has already built. Their AI agents aren’t just built for the future. They are operating in production today, at speed. This combination is rare, and its value will only compound as the company scales globally.
Girish Jhunjhunwala, Fund Manager – PE and VC Investments, Bajaj Alternates

Financial services is one of the hardest categories to crack — regulated, risk-averse, and unforgiving of hype. LUMIQ has put agentic AI into live financial-services workflows and earned the trust of large institutions across the US, Southeast Asia and India. That is how a category-defining company in financial-services AI gets built, and we are proud to keep backing the team as they scale globally.
Kitty Agarwal, Partner, Info Edge Ventures

LUMIQ’s goal is to lead one category: auto-decisioning at production scale for financial services. Agents that act, not assist, and never compromise audit, compliance, or predictability.

About LUMIQ

LUMIQ is an AI-native financial services company. Through its LiteCone platform and a growing workforce of production AI agents, LUMIQ turns real financial-services roles — insurance underwriter, credit underwriter, claims adjudicator — into agents that are consistent, explainable, compliant, and auditable. The company pairs deep domain expertise across banking, insurance, and capital markets with frontier AI. LUMIQ employs over 350 AI and data specialists, and has offices in New Jersey, Singapore, and Delhi NCR (India).

Web: www.lumiq.ai

Photo – https://mma.prnewswire.com/media/2997283/LUMIQ_Funding.jpg

 

 

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