Yemen Crisis Brings Small Reprieve for Entrepreneurial Women

Najat Jumaan, Dean of the Faculty of Commerce and Economics, Dean of the Faculty of Finance and Management at Ar-Rasheed Smart University and Board of Director Member at Jumaan Trading and Investment Co.

Najat Jumaan, Dean of the Faculty of Commerce and Economics, Dean of the Faculty of Finance and Management at Ar-Rasheed Smart University and Board of Director Member at Jumaan Trading and Investment Co.

By Randa El Ozeir
TORONTO, Aug 16 2024 – Once upon a time, the Sheba (Seba’a) Kingdom (today’s Yemen) had a prominent queen. Women, in the presence of men, were held in a higher position, literally.

Things afterward have upended to the disadvantage of female Yemenis living under a strong-hold tribal and patriarchal system. 

Amid an eight-year-long war between the government and Houthi rebels brought a humanitarian crisis considered to be one of the worst in the world, there is a small good news story. While the armed conflict has kept Yemeni men busy at the front(s), some Yemeni women have stumbled upon a societal and economic breather, stemming from a national need to generate an income for themselves and their families to stay afloat.

Women began venturing in small, low-risk businesses.

Dhekra Ahmed Algabri, executive director at Al-Amal foundation, praises the rise of women in many trades and commercial sectors, although they are “linked to conservative patterns established by society, such as sewing, hairdressing and styling, cooking, handicraft making, incense and perfume production and women’s clothing.”

Absence of an Integrated, Empowering System

Najat Jumaan, Dean of the Faculty of Commerce and Economics, Dean of the Faculty of Finance and Management at Ar-Rasheed Smart University and Board of Director Member at Jumaan Trading and Investment Co., believes that Yemeni women run projects here and there, “but they are not subject to an integrated system to empower and encourage them from a young age to be an active element in the economic and productive process.”

Nevertheless, some Yemeni women broke free from cultural limitations and into traditionally male-dominated fields, such as programming and engineering. Algabri explains that “during the ongoing conflict, women turned to e-commerce, e-marketing and professional services of consulting and training.”

Dhekra Ahmed Algabri, executive director at Al-Amal Foundation.

Dhekra Ahmed Algabri, executive director at Al-Amal Foundation.

The bright side businesswomen saw in the dark situation of Yemen was their existence in a closed market they knew inside-out.

“I can move in it and find solutions to several of its problems, and when you achieve things in a more natural and organic way, you attract public recognition and reap supplemental exposure,” says Eman Al-Maktari, co-founder and CEO of MOSNAD Talents Marketplace.

The Sustainable Development Goals (SDGs) for Gender Equality in Yemen underlines the need for “women’s full and effective participation and equal opportunities for leadership at all levels of decision-making in political, economic and public life.”

However, there is a  lack of official and reliable numbers about the actual extent of women’s contribution in the economy. According to Jumaan, “women’s participation is very limited and they are poorer compared to men in Yemen.”

Her statement is confirmed by World Bank statistics which puts women’s participation in the labor force at 5.1 percent compared to 60.4 percent for men in 2023. The same study noted there were no official statistics for shares in businesses. Only 5.4 percent of women had bank accounts compared with 18.4 percent of men.

Obstacles and Social Media Blessing

Long-standing obstacles are deep rooted in the society’s culture and perpetuate across generations, such as male-female segregation and restricted movement for women (the imposed “mahram”). Individual exceptions might overcome some of the barriers as in the case of Al-Maktari, whose family is more open, but the majority face “a glass ceiling that prevents them from ascending, growing, continuing, and achieving profits,” says Jumaan.

To make matters worse, war related obstacles appeared. The airport of Sana’a was closed for a long time and hindered participating in meetings and conferences. Additionally, Al-Maktari finds that her Yemeni nationality prevented her “entering other countries to participate in opportunities available to other women around the world, which results in an unfair advantage. The undertakings I made would have had a two- to three-time greater return if I were in another country.”

The alternative rescue came from social media that opened vistas for Yemeni businesswomen to promote and show case their work. Nonetheless, it didn’t solve the problem of regional inaccessibility and foreign investors’ reluctance to join the fragile and volatile Yemeni market and expand there.

Eman Al-Maktari, Co-Founder and CEO of MOSNAD Talents Marketplace.

Eman Al-Maktari, Co-Founder and CEO of MOSNAD Talents Marketplace.

Incentives But Unclear Future

Civil society and donor organizations, the banking sector and the government are investing in “many incentives, initiatives and forms of support for businesswomen through training programs, workshops, financing, loans, professional networks and consultations,” highlights Algabri.

The General Federation of Chambers of Commerce and Industry in Yemen also plays an important role, albeit not prominent in light of the crisis, to support the economic and commercial sector in the country.

Al-Maktari benefitted from mentorship and training programs to understand business and start one of her own.

“I received support from an Indian mentor in the field of IT, and it helped me greatly when I was emerging as a digital expert and found a platform to build projects and a name”.

Yet she describes the current situation in Yemen as “foggy,” with an unclear future for businesswomen in a country weighed down with multi-layered obstacles in women’s paths.

“Even economists are not capable of answering the question about our future. We cannot plan annually or quarterly and have very short-term business plans.”

Despite all challenges, hope is growing for Yemeni women. “If conditions and components of success are met, many of which are related to women and the belief in and perfection of their abilities, they can reach their economic power when given the opportunity to educate, learn, qualify, and gain experiences and talents,” says Jumaan.

IPS UN Bureau Report

 


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Matmerize, Inc. présente « ASKPOLY » – un expert en polymères basé sur un modèle de langage

ATLANTA, 16 août 2024 (GLOBE NEWSWIRE) — Matmerize, Inc., leader dans la conception de polymères basée sur l’IA, est ravi d’annoncer l’intégration prochaine d’ASKPOLY, une fonction de modèle de langage avancé, dans son logiciel vedette de prédiction des propriétés et de conception générative de polymères, PolymRize™.

Révolutionner la science des polymères grâce à des modèles de langage avancés

ASKPOLY exploite les derniers progrès en matière de grands modèles de langage (large language models, LLM), de pré–entraînement, d’ajustement et le large éventail de connaissances impliquées dans le corpus de polymères. ASKPOLY peut être interrogé en langage naturel afin de prédire les propriétés, de générer de nouvelles compositions chimiques de polymères et d’optimiser les compositions de composites ou de formulations. Il est conçu pour compléter et améliorer les capacités prédictives de PolymRize™.

ASKPOLY, un système pré–entraîné en se basant sur les connaissances de Matmerize et un large corpus de polymères, réalise des prédictions précises sur les propriétés des polymères et des composites purs. Les utilisateurs peuvent affiner ASKPOLY avec des données et du texte exclusifs afin d’obtenir des prédictions et des conceptions personnalisées ultra–précises. Toutes les données des utilisateurs sont conservées de manière confidentielle et sécurisée, et elles ne sont pas partagées.

Améliorer l’expérience utilisateur et la précision prédictive

L’intégration d’ASKPOLY dans PolymRize™ offre une expérience utilisateur intuitive tout en améliorant considérablement la précision prédictive, la flexibilité et la généralisabilité de la plateforme, de manière progressive et continue. ASKPOLY permet aux utilisateurs d’interagir avec le système via des requêtes en langage naturel, ce qui facilite ainsi l’utilisation des connaissances antérieures sans générer de perte.

L’intégration d’ASKPOLY dans PolymRize™ offre aux chimistes et scientifiques dans le secteur de la R&D des outils d’IA avancés via une interface intuitive, permettant ainsi de rationaliser le processus de conception et de développement de polymères pour diverses applications industrielles.

AskPoly

Une photo annexée au présent communiqué est disponible en cliquant sur ce lien.

Un engagement en faveur de l’innovation

« Matmerize s’engage à repousser les limites de la conception de polymères en étant pionnier et en faisant progresser l’IA pour les matériaux », a déclaré Rampi Ramprasad, PDG de Matmerize, Inc. « L’intégration d’ASKPOLY dans PolymRize™ améliore non seulement les capacités de la plateforme, mais renforce également notre engagement à fournir à nos clients les derniers outils pour révolutionner la recherche et le développement des polymères. »

À propos de Matmerize, Inc.

Fondée en 2021, Matmerize, Inc. est à la pointe de l’IA et de l’apprentissage automatique dans le secteur de la science des matériaux. Avec pour mission de révolutionner la conception et le développement des matériaux, Matmerize propose des solutions innovantes qui permettent aux entreprises d’optimiser leurs processus de R&D. La plateforme PolymRize™ témoigne de l’engagement de Matmerize en faveur de l’excellence, en associant des technologies de pointe à une expertise approfondie du secteur des polymères.

Pour plus d’informations sur ASKPOLY et PolymRize™, veuillez visiter www.matmerize.com ou contactez–nous à [email protected].

Coordonnées :

Matmerize, Inc.
https://www.matmerize.com
E: [email protected]
Y: visionnez les vidéos de Matmerize sur YouTube
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Matmerize, Inc., Apresenta “ASKPOLY” – Um Especialista em Polímeros Baseado em Modelo de Linguagem

ATLANTA, Aug. 16, 2024 (GLOBE NEWSWIRE) — A Matmerize, Inc, líder em design de polímeros orientados por IA, tem o prazer de anunciar a próxima integração de um recurso avançado de modelo de linguagem, o ASKPOLY, em seu principal software de previsão de propriedades de polímeros e design generativo PolymRize™.

Revolução da Ciência dos Polímeros com Modelos Avançados de Linguagem

O ASKPOLY aproveita os mais recentes avanços em grandes modelos de linguagem (LLMs), pré–treinamento, ajuste fino e o vasto corpo de conhecimento incorporado em corpora de polímeros. O ASKPOLY pode ser consultado usando linguagem natural para prever propriedades, gerar novas químicas de polímero e otimizar composições compostas ou de formulação. Ele foi projetado para complementar e aprimorar os recursos preditivos do PolymRize™.

Pré–treinado na base de conhecimento Matmerize e em um extenso corpus de polímeros, o ASKPOLY faz previsões precisas de propriedades para polímeros e compósitos puros. Os usuários podem ajustar o ASKPOLY com dados e textos proprietários para obter previsões e designs altamente precisos e personalizados. Todos os dados do usuário são mantidos confidenciais, seguros e nunca são compartilhados.

Melhoria da Experiência do Usuário e da Precisão Preditiva

A introdução do ASKPOLY no PolymRize™ oferece uma experiência de usuário intuitiva, ao mesmo tempo em que aumenta significativamente a precisão preditiva, a flexibilidade e a generalização da plataforma, de forma progressiva e contínua. O ASKPOLY viabiliza que os usuários interajam com o sistema usando consultas de linguagem natural, facilitando o uso do conhecimento passado sem perda.

A integração do ASKPOLY no PolymRize™ viabiliza que os químicos e cientistas de P&D ferramentas avançadas de IA por meio de uma interface intuitiva, simplificando o processo de design e desenvolvimento de polímeros para uma variedade de aplicações industriais.

AskPoly

Para um Snippet de Mídia deste comunicado, clique no link.

Um Compromisso com a Inovação

A Matmerize se dedica a expandir os limites do design de polímeros por meio do pioneirismo e do avanço da IA para materiais”, disse Rampi Ramprasad, CEO da Matmerize, Inc. “A integração do ASKPOLY no PolymRize™ não apenas aprimora os recursos da plataforma, mas também reforça nosso compromisso de fornecer aos clientes as ferramentas mais recentes para transformar a pesquisa e o desenvolvimento de polímeros.

Sobre a Matmerize, Inc.

Fundada em 2021, a Matmerize, Inc. está na vanguarda da IA e do aprendizado de máquina no setor de ciência dos materiais. Com a missão de revolucionar a forma como os materiais são concebidos e desenvolvidos, a Matmerize oferece soluções inovadoras que permitem às empresas otimizar os seus processos de P&D. A plataforma PolymRize™ é um testemunho do compromisso da Matmerize com a excelência, combinando tecnologia de ponta com profundo conhecimento da indústria de polímeros.

Para mais informações sobre o ASKPOLY e a PolymRize™, visite www.matmerize.com ou contate–nos em [email protected].

Contato:

Matmerize, Inc.
https://www.matmerize.com
E: [email protected]
Y: Assista Vídeos da Matmerize no YouTube
L: Siga nossa página no LinkedIn


GLOBENEWSWIRE (Distribution ID 9206145)

Matmerize, Inc. präsentiert „ASKPOLY“ – einen auf Sprachmodellen basierenden Polymer-Experten

ATLANTA, Aug. 16, 2024 (GLOBE NEWSWIRE) — Matmerize, Inc, ein führendes Unternehmen im Bereich KI–gesteuertes Polymerdesign, freut sich, die bevorstehende Integration des fortschrittlichen Sprachmodells ASKPOLY in sein Flaggschiff PolymRize™, die Software zur Vorhersage von Polymereigenschaften und generativen Gestaltung, bekannt zu geben.

Revolutionierung der Polymerwissenschaft mit fortschrittlichen Sprachmodellen

ASKPOLY nutzt die neuesten Entwicklungen bei großen Sprachmodellen (LLMs), Pre–Training, Feinabstimmung und den in Polymer–Korpora eingebetteten umfangreichen Wissensbestand. ASKPOLY kann zur Vorhersage von Eigenschaften, Generierung neuer chemischer Polymere und Optimierung von Verbundwerkstoffen oder Formulierungen in natürlicher Sprache abgefragt werden. Die Software wurde als Ergänzung und Verbesserung der Vorhersagefähigkeit von PolymRize™ entwickelt.

Anhand der Wissensdatenbank von Matmerize und eines umfassenden Polymerkorpus trainiert, ermöglicht ASKPOLY genaue Eigenschaftsvorhersagen für reine Polymere und Verbundwerkstoffe. Benutzer können ASKPOLY mit eigenen Daten und Texten optimieren, sodass hochpräzise, individuelle Vorhersagen und Designs möglich sind. Alle Benutzerdaten werden vertraulich und sicher behandelt und niemals weitergegeben.

Verbesserung der Benutzerfreundlichkeit und Vorhersagegenauigkeit

Die Implementierung von ASKPOLY in PolymRize™ bietet eine intuitive Benutzererfahrung und steigert gleichzeitig schrittweise und kontinuierlich die Vorhersagegenauigkeit, Flexibilität und Generalisierbarkeit der Plattform. ASKPOLY ermöglicht den Benutzern die Interaktion mit dem System durch Abfragen in natürlicher Sprache und erleichtert somit die verlustfreie Nutzung früheren Wissens.

Die Integration von ASKPOLY in PolymRize™ bietet Chemikern und Wissenschaftlern in der Forschung und Entwicklung fortschrittliche KI–Tools über eine intuitive Schnittstelle, die den Polymerdesign– und –entwicklungsprozess für eine Reihe industrieller Anwendungen optimiert.

AskPoly

Ein Medien–Snippet zu dieser Mitteilung ist über diesen Link verfügbar.

Ein Bekenntnis zur Innovation

Matmerize hat sich der Verschiebung der Grenzen im Bereich Polymerdesign verschrieben, indem wir Pionierarbeit leisten und die KI für Materialien voranbringen,“ erklärte Rampi Ramprasad, CEO von Matmerize, Inc. „Die Integration von ASKPOLY in PolymRize™ erweitert nicht nur die Fähigkeiten der Plattform, sondern unterstreicht auch unsere Verpflichtung, unseren Kunden die neuesten Tools zur Transformation der Polymerforschung und –entwicklung zur Verfügung zu stellen.

Über Matmerize, Inc.

Das 2021 gegründete Unternehmen Matmerize, Inc. ist führend im Bereich KI und maschinelles Lernen in der Materialwissenschaft. Mit dem Anspruch, die Entwicklung und das Design von Materialien zu revolutionieren, bietet Matmerize innovative Lösungen, mit denen Unternehmen ihre Forschungs– und Entwicklungsprozesse optimieren können. Die PolymRize™ Plattform stellt die Verpflichtung von Matmerize zur Exzellenz unter Beweis, indem sie hochmoderne Technologie mit umfassender Erfahrung in der Polymerindustrie kombiniert.

Weitere Informationen über ASKPOLY und PolymRize™ erhalten Sie unter www.matmerize.com oder kontaktieren Sie uns unter [email protected].

Kontakt:

Matmerize, Inc.
https://www.matmerize.com
E: [email protected]
Y: Sehen Sie sich Videos von Matmerize auf YouTube an
L: Folgen Sie unserer LinkedIn–Seite


GLOBENEWSWIRE (Distribution ID 9206145)

Matmerize, Inc., Introduces “ASKPOLY” – A Language Model Based Polymer Expert

ATLANTA, Aug. 15, 2024 (GLOBE NEWSWIRE) — Matmerize, Inc., a leader in AI–driven polymer design, is excited to announce the upcoming integration of an advanced language model capability, ASKPOLY, into its flagship polymer property prediction and generative design software, PolymRize™.

Revolutionizing Polymer Science with Advanced Language Models

ASKPOLY leverages the latest advancements in large language models (LLMs), pre–training, fine–tuning and the vast body of knowledge embedded in polymer corpora. ASKPOLY can be queried using natural language to predict properties, generate new polymer chemistries, and optimize composite or formulation compositions. It is designed to complement and enhance the predictive capabilities of PolymRize™.

Pre–trained on Matmerize knowledgebase and an extensive polymer corpus, ASKPOLY makes accurate property predictions for neat polymers and composites. Users can fine–tune ASKPOLY with proprietary data and text to achieve highly accurate, customized predictions and designs. All user data is kept confidential, secure, and never shared.

Enhancing User Experience and Predictive Accuracy

The introduction of ASKPOLY into PolymRize™ offers an intuitive user experience while significantly boosting the platform's predictive accuracy, flexibility and generalizability, progressively and continuously. ASKPOLY enables users to interact with the system using natural language queries, making it easier to use past knowledge without loss.

The integration of ASKPOLY into PolymRize™ provides R&D chemists and scientists with advanced AI tools through an intuitive interface, streamlining the polymer design and development process for a range of industrial applications.

AskPoly 

A Media Snippet accompanying this announcement is available by clicking on this link.

A Commitment to Innovation

Matmerize is dedicated to pushing the boundaries of polymer design by pioneering and advancing AI for materials,” said Rampi Ramprasad, CEO of Matmerize, Inc. “The integration of ASKPOLY into PolymRize™ not only enhances the platform's capabilities but also reinforces our commitment to providing clients with the latest tools to transform polymer research and development.

About Matmerize, Inc.

Founded in 2021, Matmerize, Inc. is at the forefront of AI and machine learning in the materials science industry. With a mission to revolutionize the way materials are designed and developed, Matmerize offers innovative solutions that enable companies to optimize their R&D processes. The PolymRize™ platform is a testament to Matmerize's commitment to excellence, combining state–of–the–art technology with deep polymer industry expertise.

For more information about ASKPOLY and PolymRize™, please visit www.matmerize.com or contact us at [email protected].

Contact:

Matmerize, Inc.
https://www.matmerize.com
E: [email protected]
Y: Watch Matmerize Videos on YouTube
L: Follow our LinkedIn Page


GLOBENEWSWIRE (Distribution ID 9205564)

Montana Technologies Announces Memorandum of Understanding with TenX Investment to Deploy AirJoule® for Water Security and Sustainability in the United Arab Emirates

RONAN, Mont., Aug. 15, 2024 (GLOBE NEWSWIRE) — Montana Technologies Corporation (NASDAQ: AIRJ) (“Montana Technologies” or the “Company”), the developer of the transformational AirJoule® technology for atmospheric water generation, is pleased to announce the signing of a Memorandum of Understanding (“MOU”) with TenX Investment in Energy Enterprises & Management Co. LLC (“TenX”) to address water security and energy efficiency opportunities in the United Arab Emirates (“UAE”).

The collaboration between Montana Technologies and TenX aims to leverage AirJoule®’s cutting–edge technology to generate pure distilled water from air and reduce energy consumption for air conditioning, significantly enhancing water security and energy sustainability in the UAE. The Company and TenX will explore options to deploy AirJoule® units with initial installations focusing on critical infrastructure and community water needs.

“We are excited to work with TenX for this international deployment of AirJoule® units,” said Ramdas Rao, President, International of Montana Technologies. “The UAE has been at the forefront of adopting transformative technologies that enable sustainable development and responsible decarbonization. Along with our strategic investors including Transition Equity Partners (“TEP”), GE Vernova, and Carrier Corporation, among others, we look forward to optimizing our initial international rollout and operations in the UAE and working to enable water security and energy efficient comfort cooling in high growth markets around the world.”

Pat Eilers, Executive Chairman of Montana Technologies and founder of TEP, said, “TenX’s expertise and mission alignment in water security and sustainability projects makes them an ideal partner for deploying AirJoule in the UAE with a pathway towards further collaboration on local manufacturing and distribution in the future.”

Montana Technologies, through its 50/50 joint venture with GE Vernova, is commercializing AirJoule® atmospheric water generators that harvest water from both humid and arid atmospheres, producing pure distilled water and dehumidified air. AirJoule® units utilize metal organic framework coated contactors to extract water from air in a highly efficient and scalable process.

Matt Jore, CEO of Montana Technologies, said, “Since demonstrating the AirJoule® unit at COP 28 in Dubai in late 2023, there has been strong interest in the technology from customers across the world. AirJoule®’s ground–breaking advances in water harvesting and dehumidification will help to improve potable water access and security to millions of people in the region and beyond.”

TenX Investment, with its mission to bring the best international energy solutions to the UAE and MENA region, is currently focused on projects that enhance water security, energy efficiency, and sustainability. This MOU aligns with TenX’s strategy of investing in innovative technologies that provide substantial environmental and economic benefits. By integrating AirJoule® into their portfolio, TenX aims to offer sustainable water and energy solutions that reinforce their commitment to driving efficiency and sustainability.

Abdulrahman Al–Suwaidi, Managing Director at TenX Investment, commented: “We are proud to partner with Montana Technologies and look forward to investing in and deploying their innovative AirJoule® technology both in the UAE and internationally. This collaboration aligns perfectly with the UAE government's initiative to drive the private sector towards green and sustainable solutions, ensuring water security for future generations. Our joint efforts will significantly contribute to transforming the region's approach to water management and energy efficiency.”

Husain Al Awadhi, Managing Director at TenX Investment, added: “The UAE government has allocated over AED 20 billion1 towards water security and sustainable energy projects as part of its Vision 2030 strategy. By integrating Montana Technologies' AirJoule® systems, we aim to enhance the region's water generation capabilities and reduce energy consumption. This collaboration will not only help meet the growing demand for water and energy but also support the UAE's ambitious targets for sustainability and environmental stewardship. Together, we are committed to delivering impactful solutions that address the critical challenges of water scarcity and energy efficiency.”

  1. 1 USD = 3.67 AED

About Montana Technologies Corporation

Montana Technologies Corporation (NASDAQ: AIRJ) is the developer of AirJoule®, an atmospheric thermal energy and water harvesting technology that provides efficient and sustainable air dehumidification and pure water from air. Designed to reduce energy consumption and generate material cost efficiencies, AirJoule® is being commercialized through a joint venture with GE Vernova and through partnerships with Carrier Global Corporation and BASF. For more information, visit www.mt.energy.

About TenX

TenX Investment in Energy Enterprises & Management Co. LLC specializes in investing and bringing the best international energy solutions to the UAE and the broader MENA region. As a Dubai–based SME investment company, we leverage our extensive connections and strategic partnerships to provide unparalleled access to innovative energy technologies and services, ensuring our clients stay ahead in a rapidly evolving industry. Additionally, we invest in cutting–edge technologies to further support sustainable energy advancements, reinforcing our commitment to driving efficiency and sustainability in the energy sector. For more information, visit www.10xinvestment.ae.

Contacts

Montana Technologies
Tom Divine – Vice President, Investor Relations and Finance
[email protected]

TenX
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/cb0cb774–a23c–4b25–befd–4a606372f3d4


GLOBENEWSWIRE (Distribution ID 9205735)

Empowering Women for a Green Future: AFPPD Conference Tackles Climate Change and Gender Equality

Secretary General of AFPPD, Dr. Jetn Sirathranont, addresses a conference with the theme Gender Empowerment for a Green Economy in Islamabad, Pakistan. Credit: AFPPD

Secretary General of AFPPD, Dr. Jetn Sirathranont, addresses a conference with the theme Gender Empowerment for a Green Economy in Islamabad, Pakistan. Credit: AFPPD

By Annam Lodhi
ISLAMABAD, Aug 15 2024 – Robust data collection, integrated policies, and an accelerated push towards a green economy with a gender focus topped the agenda at a conference in Islamabad, Pakistan, that brought together policymakers, experts, and advocates from across the Asia-Pacific region.

The conference, with the theme Gender Empowerment for a Green Economy, focused on critical issues at the intersection of gender equality, climate change, and sustainable development. Held on August 12 and 13, 2024, it was convened by the Asian Forum of Parliamentarians on Population and Development (AFPPD).

Participants called for immediate action to empower women and ensure their active participation in sustainable development efforts across the region, especially since the conference coincided with the 30th anniversary of the Cairo Programme of Action from the International Conference on Population and Development (ICPD).

Romina Khurshid Alam, Coordinator to the Prime Minister on Climate Change at the Ministry of Climate Change and Environmental Coordination, set the tone for the event by highlighting Pakistan’s ongoing efforts to integrate gender perspectives into national climate policies.

“As parliamentarians, we hold the power to shape policies and laws that can drive gender equality and environmental sustainability. We must advocate for and enact legislation that ensures women have equal access to opportunities in the green economy, whether it be in renewable energy, sustainable agriculture, or ecosystem management,” Alam said.

The Secretary General of AFPPD, Dr. Jetn Sirathranont, emphasized that gender equality is not merely a fundamental human right but a crucial element for creating a positive and sustainable society. He noted that traditional stereotypes continue to perpetuate inequalities and stressed the importance of placing women at the center of efforts to develop a more inclusive and sustainable economy.

Toshiko Abe, MP and State Minister of Education, Culture, Sports, Science, and Technology of Japan, emphasized the AFPPD’s role. She said the organization plays a crucial role in addressing gender issues, particularly in countries where women’s equality is lagging. She commended the collective efforts of Asian countries towards a gendered green economy.

However, Latika Maskey Pradhan, Deputy Representative of UNFPA Pakistan, warned that the full potential of women remains untapped, constrained by social norms, discriminatory practices, and limited access to resources and decision-making spaces.

In an interview with IPS, Pradhan further highlighted three key areas that the UN is focusing on at the grassroots level to change societal mindsets:

  • Investing in women’s education and skills development: Recognizing the importance of equipping women with the necessary education and skills to thrive in various sectors.
  • Reproductive health and rights: Emphasizing that access to reproductive health and rights is integral to achieving gender equality and empowering women.
  • Supporting women’s entrepreneurship and leadership: Advocating for the economic empowerment of women by providing opportunities for entrepreneurship and leadership roles.

Tabinda Sarosh, interim Chief Executive Officer of Pathfinder International, highlighted the impacts of climate change-related disasters. In 2022, severe flooding in Pakistan resulted in the displacement of 625,000 pregnant women. In a single month, around 70,000 of them gave birth in camps, where delivery conditions are often unsafe.

Delegates at the AFPPD conference on Gender Empowerment for a Green Economy in Islamabad. Credit: AFPPD

Delegates at the AFPPD conference on Gender Empowerment for a Green Economy in Islamabad. Credit: AFPPD

Gender and Equality Intertwined

The keynote address, delivered by Pakistan’s National Assembly Speaker, Sardar Ayaz Sadiq, underscored the importance of the event at the highest levels of government.

“The theme, ‘Gender Empowerment for a Green Economy,’ is both timely and essential for our collective future. As parliamentarians, we must recognize that gender equality and environmental sustainability are deeply intertwined goals; the success of one depends on the other,” Sadiq said.

Fauzia Waqar, Federal Ombudsman Secretariat for Protection Against Harassment (FOSPAH), agreed, saying “Improvement in policies needs to be gender-affirmative, focusing on recruitment, retention, and the provision of basic facilities for women.”

Accountability was crucial. “There needs to be a national survey for the well-being of women, but currently, the baseline data is not available,” said Saliha Ramay from UNFPA. These insights underscore the need for continued efforts to promote gender equality.

One of the conference’s highlights was the session on women’s role in global crises, particularly focusing on climate change and security. Parliamentarians from Cambodia and the Maldives, along with representatives from international organizations, shared their perspectives on how women are uniquely positioned to lead in climate action and peacebuilding efforts.

Poverty, Gender and Climate Action

Ly Kimlieng, MP from Cambodia, highlighted the intersection of poverty and gender issues, stating, “Gender-responsive climate action is needed as Cambodia works with agriculture and technology to create solutions and remove gender biases.”

Ensuring community involvement was crucial. Lydia Saloucou, President of Pathfinder International’s Africa Region, told the conference: “We need to protect our next generation by collaborating with the community and affected populations to find solutions.”

Women’s role in climate change mitigation, adaptation and agriculture shouldn’t be underestimated said Dr. Anara Naeem, MP from the Maldives.

“Women’s role is invaluable in climate adaptation, with their crucial involvement in food production and capacity building.”

Guncha Annageldieva, YPEER International Coordinator from Turkmenistan, called for integrating sexual and reproductive health into climate discourse, stating, “Investing in sexual and reproductive health within climate action empowers women and prevents future disaster management costs.”

Women Key to Sustainable Development

Presentations from Indonesian parliamentarians, youth representatives, and economic experts highlighted the importance of investing in women’s economic empowerment as a key driver of sustainable development.

Jasmin Sri Wulan Sutomo, an MP from Indonesia, pointed out the ongoing challenges despite the country’s significant economic progress. She noted, “Women’s labor participation remains stagnant due to factors like the wage gap, unplanned pregnancies, and old informal labor practices.”

Jayaa Jaggi, Advocacy Manager at YPEER Pakistan, highlighted the disparity in Pakistan, noting that the gap for women is vast and young minority women have limited exposure to education and economic opportunities.

A presentation by Durre Nayab from UNFPA & PIDE addressed the demographic dividend and gender perspective through National Transfer Accounts, revealing that “women are more involved in unpaid labor while men predominantly work in the paid economy,” stressing the need to recognize women’s contributions beyond market-based work.

A crucial session emphasized the need for gender-responsive policies to empower women to address climate change. Policymakers and experts discussed specific risks faced by women and girls, advocating for enhanced investment in women’s capabilities and private sector engagement to support a transition to green and blue economies.

Women’s Role in Strong Climate Policies Lauded

Dr. AbdelHady El Kasbey, an MP from Egypt, highlighted the importance of women’s leadership in environmental policies, stating, “Countries with more women in parliament often see stronger national climate change policies adopted, leading to lower emissions and more equitable governance of natural resources.”

He stressed the need for gender-responsive financing, noting that despite billions of dollars invested in environmental issues, “less than 1% of this market aligns with women’s empowerment goals.”

Mr. Abid Qaiyum Suleri, Executive Director of SDPI, called for gender-segregated data to support gender-responsive policies, emphasizing, “Decision-makers can utilize the power of women as agents of change to adopt pro-environmental practices and turn challenges around for us.” He highlighted the need for a credible baseline to empower women to address the effects of climate change.

Climate-Resilient Healthcare Systems

The spotlight then turned to healthcare systems that are both climate-resilient and equitable. Experts presented strategies for ensuring that health systems can withstand the impacts of climate change while providing accessible care to all, particularly women and marginalized communities.

Zeeshan Salahuddin, MP from Tabadlab, highlighted the overlooked impacts of climate-induced events, stressing the importance of integrating climate considerations into national policies. He remarked, “To address these issues, there is a need to strengthen provincial departments, improve climate health financing, and explore climate debt swaps to alleviate financial and climate burdens.”

Islamabad Declaration

The conference concluded with the adoption of the Islamabad Declaration, reaffirming the commitment of participating nations and organizations to advancing gender equality, women’s empowerment, and climate action. The declaration outlined key commitments, including reaffirming support for the ICPD Programme of Action and the 2030 Agenda for Sustainable Development, acknowledging the severe impacts of climate change on vulnerable countries, and emphasizing the importance of building resilience through investments in emergency preparedness and disaster risk reduction.

As the conference ended, participants left with a renewed sense of urgency and commitment to addressing the interconnected challenges of gender inequality and climate change. The event served as a powerful reminder that empowering women is not just a matter of social justice, but a critical strategy for building a more sustainable and resilient future for all.

Note: The Asian Population and Development Association (APDA) and the Asian Forum of Parliamentarians on Population and Development (AFPPD) in Pakistan organized the meeting. It was supported by the United Nations Population Fund (UNFPA) and Japan Trust Fund (JTF).

IPS UN Bureau Report

 


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Blue Hat Expands into Gold Trading with Strategic Partnerships As Gold Prices Rise Amid Economic Optimism

HONG KONG, Aug. 15, 2024 (GLOBE NEWSWIRE) — Blue Hat Interactive Entertainment Technology (NASDAQ:BHAT) is emerging as a key player in gold trading industry. As reported by Reuters, since August 1st, 2024, gold prices have exhibited a mix of volatility and upward trends, influenced by various economic and geopolitical factors. Gold hit a notable high above $2,483 per ounce in July, supported by favorable market sentiment and political risks, indicating strong safe–haven demand​ while short–term corrections might occur due to various economic data releases and market dynamics, the medium to long–term outlook for gold remains bullish, driven by continued safe–haven demand and broader economic uncertainties.

Gold is known for its enduring value and role as a hedge against inflation and financial instability, offering potential returns even in unpredictable market conditions. In today’s volatile global economy, gold remains a stable investment option, prized for its scarcity and universal appeal.

Originally an entertainment company, Blue Hat is now focusing on innovations in the commodity trading arena. The company is planning to integrate artificial intelligence to enhance its offerings, including an intelligent gold supply chain and recycling system, as well as a sophisticated gold derivatives trading platform. Unlike traditional gold companies, Blue Hat is not merely a gold trader earning from the buy–sell spread; rather, it will generate revenue from various aspects of the gold supply chain. Additionally, Blue Hat's gold sources are not limited to newly mined gold but also include gold that recycle from market consumers.

In this environment, Blue Hat Interactive Entertainment Technology is emerging as a key player in gold trading due to their recent business cooperation agreement with Sichuan Jinyinghe Industrial Co., Ltd. in Shenzhen, GTC Group LLC in Dubai and its subsidiary, Golden Alpha Strategy Ltd., has been granted Dealers in Precious Metals and Stones Category A Registration by Hong Kong Customs and Excise Department.

In recent years, with changes in international political and economic situations, central banks of various countries have significantly increased their gold reserves, leading to a rapid rise in gold prices. The Company's management believes that the gold industry has transitioned from a period of rapid growth to a period of high–quality development, presenting strategic development opportunities. However, the gold industry in China and other developing markets still faces numerous challenges, such as low levels of scale and concentration, narrow traditional financing channels, poor operational standards, and a lack of credit data. These issues hinder the healthy development of the gold industry. To effectively address these pain points, Blue Hat and Jinyinghe have decided to cooperate in the gold supply chain business.

According to incomplete statistics from industry insiders, Shuibei is known as the 'World's Gem City, which has nearly 7,000 legal entities in the gold and jewelry industry, employs over 70,000 people, and generates revenue exceeding 1 trillion yuan, accounting for over 50% of the domestic gold and jewelry wholesale market.

The Shenzhen Shuibei market is highly relevant in the gold trade for several reasons:

  1. Central Hub for Gold Trading: Shuibei is known as one of China's largest gold trading centers. It serves as a primary hub for the purchase and sale of gold, attracting traders and buyers from across the country and internationally.
  2. Manufacturing and Processing: The market is a significant center for gold processing and manufacturing. Many companies involved in the creation of gold jewelry and other products operate within this area, making it a vital link in the gold supply chain.
  3. Innovation and Design: Shenzhen Shuibei is known for its innovation in jewelry design. It hosts numerous designers and craftsmen who contribute to the creation of new and unique gold jewelry pieces, which helps to set trends in the industry.
  4. Economic Impact: The market plays a crucial role in the local and national economy, generating substantial revenue and employment. Its activities significantly contribute to China's position as a leading player in the global gold market.
  5. Integration with Technology: The market has increasingly integrated technology in its operations, using digital platforms for trading and showcasing products, which enhances its efficiency and reach.

Besides, Blue Hat’s digital trading solutions are designed to provide flexibility, allowing traders to capitalize on gold price movements without the need for physical storage and insurance. These platforms enable traders to navigate the gold market efficiently, benefiting from high liquidity and continuous market activity. This liquidity allows traders to enter and exit positions swiftly, contributing to the fluidity of the gold market.

Looking ahead, Blue Hat aims to expand its global reach and strengthen its position in the gold market. The company plans to increase its gold holdings, enhance supply chain operations, and refine its digital trading platform. These initiatives are part of Blue Hat's strategy to establish itself as a leading “Smart Gold Trading Platform,” targeting markets in Europe, North America, and beyond.

Forward–Looking Statements:

This press release contains forward–looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements, other than statements of historical fact, included or incorporated in this press release, including, without limitation, statements regarding the Company's ability to regain compliance with Nasdaq listing standards, are forward–looking statements. The words “believes,” “anticipates,” “estimates,” “plans,” “expects,” “intends,” “may,” “could,” “should,” “potential,” “likely,” “projects,” “continue,” “will,” “schedule,” and “would” and similar expressions are intended to identify forward–looking statements, although not all forward–looking statements contain these identifying words. These forward–looking statements are predictions based on our current expectations and projections about future events and various assumptions. We cannot guarantee that we will achieve the plans, intentions, or expectations disclosed in our forward–looking statements and you should not place undue reliance on our forward–looking statements. These forward–looking statements involve known and unknown risks, uncertainties, and other factors, which may be beyond our control, and which may cause our actual results, performance, or achievements to differ materially from future results, performance, or achievements expressed or implied by such forward–looking statements.  There are a number of important factors that could cause our actual results to differ materially from those indicated or implied by its forward–looking statements including, without limitation, whether our cash resources will be sufficient to fund continuing operations and allow us to comply with regulatory and stock exchange listing requirements. All forward–looking statements included in this press release are made as of the date hereof and are expressly qualified in their entirety by this cautionary notice, including, without limitation, those risks and uncertainties described in the Company’s Annual Report on Form 10–K, and otherwise in the Company’s subsequent filings and reports filed with Securities and Exchange Commission. The Company does not assume any obligation to update any forward–looking statements and it disclaims any intention or obligation to update or revise any forward–looking statement, whether as a result of new information, future events, or otherwise, except as may be required by law.

For more information about Blue Hat, please visit Blue Hat's website.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/dad7e01d–9cb3–4e2b–b617–883a53d74e67

Contacts:

Blue Hat Interactive Entertainment Technology

Phone: +86 (592) 228–0010

Email: [email protected]

IR Website: https://ir.bluehatgroup.com


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Freedom of Press in Jeopardy With Journalists in Crossfire in Kenyan Protests

Catherine Wanjeri Kariuki, a TV and radio reporter based in Nakuru, Kenya, at a police station. A police officer shot her in the leg despite her visible press credentials. The incident was reported to the Independent Policing Oversight Authority (IPOA). Credit: Robert Kibet/IPS

Catherine Wanjeri Kariuki, a TV and radio reporter based in Nakuru, Kenya, at a police station. A police officer shot her in the leg despite her visible press credentials. The incident was reported to the Independent Policing Oversight Authority (IPOA). Credit: Robert Kibet/IPS

By Robert Kibet
NAIROBI, Aug 15 2024 – In the heart of Nairobi, as tear gas clouded the streets, the line between journalists and protesters blurred in the eyes of Kenyan law enforcement. A wave of anti-government protests, ignited by opposition to a proposed finance bill, has spiraled into violence, with journalists increasingly caught in the crossfire between police and protesters.

On March 27, 2024, as opposition leader Raila Odinga’s convoy wound through Nairobi, reporters and photographers followed closely, documenting the unrest against President William Ruto’s administration. Despite having their press credentials on display, they encountered hostility rather than protection. Outside Langata Police Station, officers deliberately targeted journalists from The Standard Group with tear gas canisters, even after they had identified themselves.

This violent crackdown wasn’t confined to Nairobi. Across Kenya, journalists have faced brutal assaults, arbitrary arrests, and the destruction of their equipment. Despite having clearly visible press credentials, a police officer shot Catherine Kariuki, a female journalist from the Rift Valley, in the leg in Nakuru. The incident, captured on camera, left no doubt about its deliberate nature. The Kenya Union of Journalists (KUJ) swiftly condemned the attack, demanding a thorough investigation and accountability.

The grim reality is that Kenya, ranked 102nd on the World Press Freedom Index by Reporters Without Borders (RSF), is witnessing a severe erosion of media freedoms. Despite the country’s diverse media landscape, many outlets are under the control of politicians or people who are closely associated with the government, which fosters a culture of fear and self-censorship.

As protests continue, so too does the violence against those tasked with documenting them.

“We are opposed to media censorship and the government’s attempts to dictate what should be aired. Media freedom is guaranteed under the constitution, but the government is increasingly interfering,” says Zubeidah Koome, president of the Kenya Editors’ Guild.

The case of Catherine Kariuki, who remains without justice despite clear evidence, has become emblematic of the broader crisis. RSF has referred the matter to the Independent Policing Oversight Authority (IPOA), but the lack of response has only deepened concerns about accountability.

The threats to press freedom in Kenya extend beyond physical violence. Reports have surfaced of government threats to shut down the Kenyan Television Network (KTN) after it aired footage of protesters storming Parliament. The channel eventually ceased operations, citing financial strain amid the ongoing economic crisis. Insiders, however, suggest that senior officials from the Communications Authority ordered television signal carriers to switch off KTN in a blatant attempt to suppress media coverage.

The International Federation of Journalists (IFJ) joined KUJ in condemning these actions, labeling them a disgraceful attempt to stifle press freedom and deny Kenyan citizens access to information. IFJ General Secretary Anthony Bellanger urged the Kenyan government to investigate the brutalization of journalists and hold those responsible accountable.

Parliamentary reporter Elizabeth Mutuku echoed these concerns, recounting the fear she and her colleagues felt after being labeled criminals for simply doing their jobs.

“Our greatest mistake that day was showing Kenyans exactly what transpired. Some of us were labeled as criminals, and we were told that investigations are ongoing. We’re left wondering what investigations they’re conducting,” Mutuku said.

Freedom of the press is enshrined in Kenya’s 2010 constitution, yet over 20 acts and laws regulating journalism challenge the basic principles of press freedom. The 2018 Computer Misuse and Cybercrimes Act, for example, prescribes up to 10 years in prison and a fine of Ksh 40,000 for disseminating information deemed to be fake news likely to incite violence.

Amnesty International, in its 2024 State of Media Freedom analysis, highlighted that the intentional disruption of internet connectivity and the enactment of stringent security laws are part of a broader strategy to silence the media and control the flow of information. Despite earlier assurances, internet access was temporarily disrupted nationwide during the protests, depriving millions of Kenyans of real-time information about the unfolding events.

The threats against journalists in Kenya mirror the challenges faced by their counterparts in neighboring East African countries, where journalists are subjected to threats, harassment, intimidation, beatings, arbitrary arrests, and prosecution. For instance, in February of last year, a Mogadishu court sentenced journalist Abdalle Ahmed Mumin to two months in prison for allegedly disobeying government orders.

In Ethiopia, Amnesty International reports that ongoing conflicts have led to the detention of at least nine journalists since August 2023, with five still in custody. Three of these journalists are facing terrorism charges that could carry the death penalty if they are convicted.

Dinah Ondari, a safety specialist with the Media Council of Kenya, questioned how the agency responsible for protecting press freedom could be violating it. “It’s disheartening to see the frustrations journalists undergo. In Kenya, as a journalist, every time you express yourself, you watch over your shoulder to see who is targeting or following you,” remarked Zubeidah Koome.

Among those who were targeted were Joe Muhia and Iddi Ali Juma of the Associated Press (AP), who were arrested and later released after being assaulted. In an incident captured on video, Standard Group video editor Justice Mwangi Macharia was arrested and violently hauled out of a moving police motor vehicle, sustaining physical injuries.

Nation Media Group’s Taifa Leo reporter Sammy Kimatu was also thrown out of a moving police Land Rover and sustained injuries. Maureen Murethi (NTV) was also hospitalized after police aimed a canister at her as she covered the protests as well as the shooting of a female journalist, Catherine Wanjeri, in Nakuru, Rift Valley.

As Kenya teeters on the brink, the international community watches closely. Will the country uphold its democratic values, or will it succumb to the darkness of repression? The answer may well determine the future of press freedom in Kenya.

One notable incident was the mysterious assassination of renowned Pakistani journalist Arshad Sharif in 2022 in Nairobi. Kenyan police fired multiple shots at Sharif’s vehicle, killing him. Last month, the Committee to Protect Journalists (CPJ) welcomed the Kenyan High Court’s ruling that the 2022 killing of Pakistani journalist Arshad Sharif was unlawful. Angela Quintal, head of CPJ’s Africa program, noted in New York that while the “verdict marks an important step towards ending impunity in this case, Kenyan authorities should ensure that genuine justice is achieved by prosecuting those responsible for Arshad’s fatal shooting.”

During this year’s World Press Freedom Day, UN Secretary-General Antonio Guterres warned of the escalating dangers journalists face globally. In his address, he described journalism as an increasingly dangerous profession, with dozens of journalists covering risky themes having been killed in recent decades, and in the vast majority of cases, no one has been held accountable.

David Omwoyo, CEO of the Media Council of Kenya, addressed a recent government and media leaders’ roundtable, emphasizing the need for a critical space for media freedom and democracy. “We need to stop branding the media as anti-government. The media should play its rightful role within the prescribed standards. Anyone fighting the media is out of order, given the critical place of media in democracy and governance,” Omwoyo stated.

Zubeidah Koome further called for an end to attacks against the media.

“We remain relentless in our call to end the violence and threats against journalists. However, no substantial progress has been made, and the violence targeting the media continues to escalate. We hope that appropriate action will be taken against those attacking journalists. At the same time, the media industry must align ethical conduct with the current times.”

Erick Oduor, Secretary General of the Kenya Union of Journalists, emphasized the need for all stakeholders to engage collectively in seeking solutions to the challenges facing the media industry, especially during these critical times in Kenya.

“Regrettably, the ongoing events in our media space continue to impact Kenya’s World Press Freedom ranking. As media industry players, we are ready to engage with the government at all levels,” he told IPS.

“The unfortunate events remind us that members of the National Police Service remain the weak link in Kenya’s quest for freedom of expression and freedom of the media, as espoused in our Constitution. We call on the Inspector General of Police to rein in on his officers by ensuring that journalists are protected and not targeted for harassment while performing their duties in any working environment,” said Omwoyo in a statement, hinting that so far, 24 cases of harassment against journalists during recent protests have been documented.

The International Press Institute (IPI), in its findings, reported that it had documented four cases of journalists killed in Sudan as of June 2024, with the killings carried out by the Rapid Support Forces (RSF). The journalists named by IPI include Muawiya Abdel Razek, who was killed in Khartoum along with his three siblings. Others include Makawi Mohamed Ahmed, Alaadin Ali Mohamed, and freelance journalist Ibrahim Abdullah.

IPS UN Bureau Report

 


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Cellebrite Announces Redemption of All Outstanding Warrants

TYSONS CORNER, Va. and PETAH TIKVA, Israel, Aug. 15, 2024 (GLOBE NEWSWIRE) — Cellebrite DI Ltd. (Nasdaq: CLBT) (“Cellebrite,” the “Company” or “we”), a global leader in premier Digital Investigative solutions for the public and private sectors, announced today that it will redeem all of its warrants (the “Warrants”) to purchase ordinary shares of the Company (the “Ordinary Shares”) that remain outstanding at 5:00 p.m. New York City time on September 16, 2024 (the “Redemption Date”) for a redemption price of $0.10 per Warrant.

The Warrants include (i) the outstanding public warrants to purchase Ordinary Shares (the “Public Warrants”) issued pursuant to that certain Assignment, Assumption and Amended and Restated Warrant Agreement, dated on August 30, 2021 (the “Warrant Agreement”), between the Company and Equiniti Trust Company, LLC (as successor to American Stock Transfer & Trust Company, LLC) (“Equiniti”), which were originally issued by TWC Tech Holdings II Corp. (“TWC”) in connection with its initial public offering and subsequently assumed by the Company and converted into warrants to purchase Ordinary Shares of the Company as a result of the Company’s business combination with TWC which was consummated on August 30, 2021 (the “Business Combination”), for a redemption price of $0.10 per Public Warrant (the “Redemption Price”) and (ii) the outstanding private placement warrants to purchase Ordinary Shares (the “Private Placement Warrants” and, together with the Public Warrants, the “Warrants”) originally issued by TWC in a private placement transaction under the Private Placement Warrants Purchase Agreement, dated as of September 10, 2020, by and between TWC and TWC Tech Holdings II, LLC, and converted into warrants to purchase Ordinary Shares of the Company as a result of the Business Combination, on the same terms as the outstanding Public Warrants.

Equiniti serves as warrant agent (the “Warrant Agent”) with respect to the Warrants.

The Warrant Agreement provides that the Company is entitled to redeem all of the outstanding Public Warrants at the Redemption Price of $0.10 per Public Warrant where: (i) the last reported sales price of the Ordinary Shares for any twenty trading days within the thirty trading–day period ending on the third trading day prior to the date on which notice of the redemption is given (the “Reference Value”) equals or exceeds $10.00 per share, and (ii) if the Reference Value is less than $18.00 per share, the Private Placement Warrants are also concurrently called for redemption on the same terms as the outstanding Public Warrants. The Reference Value currently equals or exceeds $10.00 per share and is less than $18.00 per share, such that the Company is entitled to call the Warrants for redemption. At the direction of the Company, the Warrant Agent has delivered today a notice of redemption (the “Notice of Redemption”) to each of the registered holders of the outstanding Warrants.

At any time after the Notice of Redemption has been delivered and prior to 5:00 p.m. New York City time on the Redemption Date, Warrantholders may elect to: (1) exercise their Warrants for cash, at an exercise price of $11.50 per Ordinary Share, or (2) surrender their Warrants on a “cashless basis” (a “Make–Whole Exercise”), in which case the surrendering holder will receive a number of Ordinary Shares determined in accordance with the terms of the Warrant Agreement and based on the Redemption Date and the volume–weighted average price (the “Redemption Fair Market Value”) of the Ordinary Shares during the ten trading days immediately following the date on which the Notice of Redemption is sent to registered holders of Warrants.

The Company has obtained a ruling (the “Ruling”) from the Israeli Tax Authorities, as further described in the Notice of Redemption, that exempts the Company from the potential obligation to withhold tax upon the issuance of Ordinary Shares to holders (“Qualified Holders”) of the Public Warrants who effect a Make–Whole Exercise and meet the requirements of the Ruling. Warrantholders who exercise for cash and Warrantholders who are not Qualified Holders will be subject to Israeli withholding tax requirements, unless certain requirements described in the Notice of Redemption are satisfied.

The Company expects to provide holders notice of the Redemption Fair Market Value on August 30, 2024. In no event will the number of Ordinary Shares issued in connection with a surrender of Warrants on a cashless basis, as described above, exceed 0.361 Ordinary Shares per Warrant.

Any Warrants that remain unexercised at 5:00 p.m. New York City time on the Redemption Date will be void and no longer exercisable, and the holders of those Warrants will be entitled to receive only the Redemption Price, net of any applicable tax withholding, or as otherwise described in the Notice of Redemption.

Ordinary Shares underlying the Warrants and issuable pursuant to a Make–Whole Exercise will be issued in reliance upon the exemption from registration provided by Section 3(a)(9) under the Securities Act of 1933, as amended (the “Securities Act”). Ordinary Shares underlying the Warrants and issued pursuant to an exercise for cash have been registered by the Company under the Securities Act and are covered by a registration statement on Form F–3 filed with, and declared effective by, the Securities and Exchange Commission (Registration No. 333–259826). The SEC maintains an Internet website that contains a copy of the prospectus included in the registration statement at www.sec.gov. Alternatively, you can obtain a copy of this prospectus on the Investor Relations section of the Company’s website, at https://investors.cellebrite.com

The Ordinary Shares and the Public Warrants are listed on the Nasdaq Global Select Market (“Nasdaq”) under the symbols “CLBT” and “CLBTW,” respectively. We understand from Nasdaq that September 13, 2024, the trading day prior to the Redemption Date, will be the last day on which the Public Warrants will be traded on Nasdaq.

None of the Company, its board of directors or employees has made or is making any representation or recommendation to any holder of the Warrants as to whether to exercise or refrain from exercising any Warrants.

This press release does not and will not constitute an offer to sell, or the solicitation of an offer to buy, the Warrants, the Ordinary Shares, or any other securities, nor will there be any sale of the Warrants, the Ordinary Shares or any such other securities, in any state or other jurisdiction in which such offer, sale or solicitation would be unlawful.

Additional information regarding this announcement may be found in a Form 6–K that will be filed with the U.S. Securities and Exchange Commission.

Any questions you may have about redemption and exercising your Warrants may be directed to the Company’s Information Agent at.

D.F. King & Co., Inc.
48 Wall Street
New York, NY 10005
Banks and Brokerage Firms, Please Call: (212) 269–5550
Stockholders and All Others Call Toll–Free: (800) 431–9643
Email: [email protected] 

About Cellebrite

Cellebrite’s (Nasdaq: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Investigative solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Investigative platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more visit us at www.cellebrite.com, https://investors.cellebrite.com, or follow us on X at @Cellebrite.

References to Websites and Social Media Platforms

References to information included on, or accessible through, websites and social media platforms do not constitute incorporation by reference of the information contained at or available through such websites or social media platforms, and you should not consider such information to be part of this press release.

Caution Regarding Forward Looking Statements

This document includes “forward–looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward looking statements may be identified by the use of words such as “forecast,” “intend,” “seek,” “target,” “anticipate,” “will,” “appear,” “approximate,” “foresee,” “might,” “possible,” “potential,” “believe,” “could,” “predict,” “should,” “could,” “continue,” “expect,” “estimate,” “may,” “plan,” “outlook,” “future” and “project” and other similar expressions that predict, project or indicate future events or trends or that are not statements of historical matters. Such forward–looking statements include, but are not limited to, statements related to the Redemption Date, withholding tax and the Redemption Fair Market Value notice. Such forward–looking statements are based on current expectations that are subject to risks and uncertainties. A number of factors could cause actual results or outcomes to differ materially from those indicated by such forward–looking statements. These factors include, but are not limited to: Cellebrite’s ability to keep pace with technological advances and evolving industry standards; Cellebrite’s material dependence on the purchase, acceptance and use of its solutions by law enforcement and government agencies; real or perceived errors, failures, defects or bugs in Cellebrite’s solutions; Cellebrite’s failure to maintain the productivity of sales and marketing personnel, including relating to hiring, integrating and retaining personnel; intense competition in all of Cellebrite’s markets; the inadvertent or deliberate misuse of Cellebrite’s solutions; failure to manage its growth effectively; Cellebrite’s ability to introduce new solutions and add–ons; its dependency on its customers renewing their subscriptions; the low volume of business Cellebrite conducts via e–commerce; risks associated with the use of artificial intelligence; the risk of requiring additional capital to support the growth of its business; risks associated with higher costs or unavailability of materials used to create its hardware product components; fluctuations in foreign currency exchange rates; lengthy sales cycle for some of Cellebrite’s solutions; near term declines in new or renewed agreements; risks associated with inability to retain qualified personnel and senior management; the security of Cellebrite’s operations and the integrity of its software solutions; risks associated with the negative publicity related to Cellebrite’s business and use of its products; risks related to Cellebrite’s intellectual property; the regulatory constraints to which Cellebrite is subject; risks associated with Cellebrite’s operations in Israel, including the ongoing Israel–Hamas war and the risk of a greater regional conflict; risks associated with different corporate governance requirements applicable to Israeli companies and risks associated with being a foreign private issuer and an emerging growth company; market volatility in the price of Cellebrite’s shares; changing tax laws and regulations; risks associated with joint ventures, partnerships and strategic initiatives; risks associated with Cellebrite’s significant international operations; risks associated with Cellebrite’s failure to comply with anti–corruption, trade compliance, anti–money–laundering and economic sanctions laws and regulations; risks relating to the adequacy of Cellebrite’s existing systems, processes, policies, procedures, internal controls and personnel for Cellebrite’s current and future operations and reporting needs; and other factors, risks and uncertainties set forth in the section titled “Risk Factors” in Cellebrite’s annual report on Form 20–F filed with the SEC on March 21, 2024 and as amended on April 12, 2024, and in other documents filed by Cellebrite with the U.S. Securities and Exchange Commission (“SEC”), which are available free of charge at www.sec.gov. You are cautioned not to place undue reliance upon any forward–looking statements, which speak only as of the date made, in this communication or elsewhere. Cellebrite undertakes no obligation to update its forward–looking statements, whether as a result of new information, future developments or otherwise, should circumstances change, except as otherwise required by securities and other applicable laws.

Media 

Victor Cooper 
Sr. Director of Corporate Communications + Content Operations 
[email protected]
+1 404.804.5910 

Investor Relations 

Andrew Kramer 
Vice President, Investor Relations 
[email protected]
+1 973.206.7760


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