Tag: Committee

Singularity Future Technology Announces Update Related to Special Committee Investigation

Fantastic NECK, N.Y., Nov. 16, 2022 /PRNewswire/ — Singularity Future Technological know-how Ltd. (“Singularity” or the “Company”) (Nasdaq: SGLY) announced an update with respect to the Firm’s company and other matters.

The Enterprise has been given subpoenas from the United States Attorney’s Business for the Southern District of New York and the United States Securities and Trade Fee.  The Organization is complying with these subpoenas and fully cooperating with these governmental entities. In addition, the specific Committee of the Company’s Board of Directors is continuing to look into the promises raised by Hindenburg Research on Might 5, 2022 and other similar issues.

The exclusive committee anticipates that the actuality-locating portion of investigation will be finished on or prior to December 31, 2022.

About Singularity Long run Know-how Ltd. (Nasdaq: SGLY)

On January 3, 2022, the Corporation changed its name from Sino-World Shipping The united states, Ltd. to Singularity Future Know-how Ltd. (Nasdaq: SGLY). Singularity is a logistics built-in resolution service provider, principally focused on delivering logistics, assets, equipment and other logistical help to blockchain and crypto mining companies. Considering the fact that 2020, the Business has labored to capitalize on its knowledge in international logistics management to establish a existence in the blockchain source administration location. At existing, Singularity distributes, sells and marketplaces crypto mining devices by way of its Thor Miner joint undertaking and maintains a warehouse giving stock handle and administration products and services in Houston, TX.

Ahead-Seeking Statements

Specific statements created herein that are not dependent on historic truth are “ahead-on the lookout statements” within just the meaning of the Non-public Securities Litigation Reform Act of 1995 and the provisions of Portion 27A of the Securities Act of 1933, as amended, and Part 21E of the Securities Trade Act of 1934, as amended (which Sections were being adopted as part of the Private Securities Litigation Reform Act of 1995). Although the Company’s management has centered any forward-hunting statements contained herein on its existing expectations, the information on which such anticipations had been based may perhaps modify. These forward-searching statements rely on a number of assumptions about long term functions and are topic to a amount of pitfalls, uncertainties, and other aspects, many of which are exterior of the Company’s control, that could cause actual results to materially differ from this kind of statements. Accordingly, traders ought to not spot any reliance on forward-seeking statements as a prediction of genuine effects. The Firm disclaims any intention to, and undertake no obligation to, update or revise any ahead-wanting assertion.

(PRNewsfoto/Singularity Future Technology Ltd.)

(PRNewsfoto/Singularity Long term Technologies Ltd.)

 

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Source Singularity Upcoming Engineering Ltd.

Dubai forms higher committee for future technology and digital economy

Dubai has shaped a larger committee for potential engineering and digital economy as the emirate carries on to increase initiatives to set up itself as a world-wide hub for the potential economic system.

The purpose of the new system is “to market Dubai’s supremacy in the digital financial system globally”, Sheikh Hamdan bin Mohammed, Crown Prince of Dubai, stated in a tweet on Tuesday.

“We are doing work as a crew to boost Dubai’s placement as a worldwide birthplace and investigation laboratory for potential technologies and 1 of the world’s best 10 metaverse economies, in line with the Dubai Metaverse System,” Sheikh Hamdan, who will be chairman of the committee, reported.

The eight-member committee will supervise the implementation of strategies relating the digital financial state and long term technologies in Dubai, a assertion from the Dubai Media Workplace explained.

It will aim to aid to form the long run of synthetic intelligence by investing in the metaverse and establishing partnerships to raise Dubai’s electronic financial state.

The Dubai government has formed the higher committee for future technology and digital economy. Photo: Government of Dubai Media Office

The Dubai govt has formed the higher committee for upcoming technology and electronic economic system. Image: Authorities of Dubai Media Business

The go comes a 7 days just after Sheikh Hamdan introduced the Dubai Metaverse Approach, which aims to develop 40,000 work and add $4 billion to the emirate’s financial state in the next 5 a long time.

The metaverse is the emerging digital area in which individuals, represented by avatars or 3-dimensional likenesses, can interact in digital worlds.

It is portion of Internet3, the next evolution of the internet, with blockchain, decentralisation, openness and bigger consumer utility among the its main parts.

The worth of the world metaverse market place is forecast to exceed $1.6 trillion by 2030 at a compound once-a-year expansion fee of much more than 50 per cent, from an estimated $40bn in 2021, according to Canada-based mostly Priority Analysis.

The UAE has taken a range of important ways to combine the metaverse and its connected technological innovation — which includes blockchain, cryptocurrencies and other Internet3 innovations — into the overall economy, govt and society.

The new committee will design and style guidelines and analyse tendencies for the electronic financial state and potential technologies, together with the metaverse, AI, blockchain, Net3, digital fact, augmented actuality, Web of Factors, facts centres and cloud computing in Dubai, the statement reported.

It will also seek to entice global corporations and conferences specialising in future systems and the digital financial state.

“Dubai is a international check bed for technology and long run company designs aimed at building new financial options,” Sheikh Hamdan reported.

The emirate is now a “leading world wide hub for modern concepts and disruptive financial and technological versions, deploying state-of-the-art technology in important sectors to strengthen people’s conventional of living”, he said.

Dubai declared last 7 days it will host its to start with metaverse business celebration in September.

The Dubai Metaverse Assembly will be held on September 28 and 29 at the Museum of the Long run and Emirates Towers.

The forum will host an function concentrated on the metaverse, with area and international leaders attending to go over its likely.

The UAE is taking numerous ways to boost its electronic economy and make use of the advantages presented by emerging systems.

This month, the Ministry of Condition for Electronic Economy, AI and Remote Working Program signed a preliminary settlement with blockchain information system Chainalysis to give virtual teaching programmes for government entities.

In May well, Dubai’s Digital Assets Regulatory Authority (Vara) mentioned it experienced entered into the metaverse with the institution of its Metaverse HQ, earning it the 1st regulator to have a existence there.

Vara was proven by Sheikh Mohammed bin Rashid, Vice President and Ruler of Dubai, in March less than the Dubai Digital Asset Regulation Law, the initial this kind of law in the emirate.

The entire body aims to build an state-of-the-art authorized framework to safeguard investors and give worldwide requirements for digital asset market management to empower responsible enterprise development in the emirate.

Current: July 26, 2022, 1:55 PM

Dubai sets up Higher Committee for Future Technology and Digital Economy

Dubai sets up Higher Committee for Future Technology and Digital Economy

The Dubai Federal government has established the Better Committee for Long term Technological innovation and Electronic Economy.

Fashioned less than the directives of Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Key Minister of the UAE, and Ruler of Dubai, and in line with the launch of the Dubai Metaverse Approach, the increased committee will be chaired by Sheikh Hamdan bin Mohammed bin Rashid Al Maktoum, Crown Prince of Dubai and Chairman of the Dubai Govt Council.

In accordance to the Dubai Media Office environment, the bigger committee aims to assist condition the foreseeable future of artificial intelligence (AI) by investing in the metaverse and establishing partnerships to improve Dubai’s digital economy.

Sheikh Hamdan mentioned that Dubai is a worldwide testbed for technology and potential business products aimed at making new economic possibilities, creating Dubai as a hub for the worldwide electronic economic system.

The larger committee will layout procedures and analyse developments for the digital overall economy and long term systems, such as the metaverse, AI, blockchain, World-wide-web3, digital fact, augmented actuality, the web of factors, facts centres and cloud computing in Dubai. It will supervise the implementation of strategies related to the digital economic system and long term systems in Dubai.

The committee will get the job done to recognize the long run abilities wanted for the digital sectors and recommend the economic sectors about the digital financial state. It will also adhere to up on the electronic economy’s functionality and assure that its contribution to the economic system of Dubai is on a par with global benchmarks.

It will build strategic partnerships with organisations performing to enhance the electronic economy worldwide.

In recent developments, Sheikh Hamdan announced the start of the Dubai Metaverse Approach on July 18.

The strategy aims to make Dubai a worldwide hub for the metaverse neighborhood and develop on the emirate’s achievement of attracting much more than 1,000 providers in the fields of blockchain and metaverse. It also encourages Dubai’s ambitions to guidance a lot more than 40,000 digital work opportunities by 2030.

Go through: Dubai’s new metaverse method to develop 40,000 virtual work

Committee OKs $850,000 in new technology for Green Bay gun violence crackdown

GREEN BAY, Wis. (WBAY) – The latest effort to stop a record amount of gun violence in Green Bay cleared a committee of city council members.

The city’s finance committee discussed spending nearly one million dollars of federal rescue plan money to put toward new technology and other methods to help with crime prevention. Four separate motions all received unanimous approval.

We’ve been reporting on the gun violence for months and first told you last week how police are stepping up patrols, creating a new neighborhood response team and will participate in an in-depth violence audit early next year.

“In the last couple of weeks, we’ve recovered 5, 6, 7 firearms. Some of those have been involved in recent shootings,” explains Green Bay Police Commander Paul Ebel.

Some of the 168 guns police say they’ve recovered so far this year were found by investigators Friday, just hours after Green Bay Police held a news conference announcing new initiatives to crack down on gun violence.

Of the six people arrested in two different incidents that day alone, we discovered four of them have prior charges for being felons in possession of firearms.

“It’s what we run into a lot, and our officers are facing this danger out in the community on an everyday basis, and it’s more frequent for us,” says Ebel.

A picture showing some of the guns and shell casings police recently recovered also highlights the danger. It includes a drum magazine.

“Look at a high capacity weapon. In this particular case, we had a drum magazine that holds 50 rounds. You don’t have to reload as often, but you look at the capacity of firing those rounds and we’re recovering 30 rounds at a time. That’s ridiculous,” says Ebel.

One part of the city’s plan to attack the problem lies with technology.

That includes spending $655,000 from Green Bay’s share of federal coronavirus relief money, known as ARPA, on a gunshot detection system able to pinpoint precise locations of gunfire.

Sensors would be placed around the city that are constantly listening for gunshots. It uses acoustics to detect the unique sound of gunfire and automatically alerts emergency responders if gunshots are detected.

“Then it uses triangulation on where that gun is and where the shot came from, so it measures the sound waves to the sensor,” explains Ebel. “(But) it goes even further. It can tell you how many shooters you had based on the sound of the gun and also can tell you which direction the shots are being fired.”

Not only would it give police information they’re having a hard time getting from those involved, they think it also would improve officer safety.

“The average distance between the 911 call and where the gunshot actually took place is about 780 feet, so our officers are driving right through that area where the shots were fired. That’s dangerous for our officers. It’s dangerous for our community,” says Ebel.

Another nearly $200,000 would allow police to purchase, instead of lease, the Nibin machine we first told you about in early November, that compares cartridge casings and helps investigators link crimes and generate leads in cases.

Police say it’s already helping their investigations.

“We know that there’s a couple 3, 4, 5 guns that are being used in the city, and especially in the recent ones, that those are linked to a very narrow group of guns,” says Ebel.

Another $88,000 of that federal money has been allocated for recruiting and retaining the department’s workforce, helping fill open positions and reduce overtime costs and employee burnout.

$40,000 is earmarked to pay for a law enforcement surveillance trailer, equipped with HD cameras and 24/7 recording capabilities.

Even with the finance committee’s approval, the city council as a whole will still need to approve paying for the new equipment.

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