Overlay Shares Hedged Large Cap Equity ETF (ARCA: OVLH)

Latest News for Overlay Shares Hedged Large Cap Equity ETF (ARCA:OVLH)

Overlay Shares Hedged Large Cap Equity ETF

NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster enables government organizations to quickly build and deploy scalable and secure deep learning workloads
AUSTIN, Texas, April 25, 2024 /PRNewswire/ -- Oracle today announced that <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=3168118023&amp;u=https%3A%2F%2Fcloudmarketplace.oracle.com%2Fmarketplace%2Fen_US%2Flisting%2F155314141&amp;a=NVIDIA+AI+Enterprise">NVIDIA AI Enterprise</a>&nbsp;on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=818946272&amp;u=https%3A%2F%2Fwww.oracle.com%2Fcloud%2F&amp;a=Oracle+Cloud+Infrastructure">Oracle Cloud Infrastructure</a> Supercluster is now available in the <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=185281095&amp;u=https%3A%2F%2Fwww.oracle.com%2Fgovernment%2Fgovcloud%2Ffedramp-high-jab%2F&amp;a=Oracle+U.S.+Government+Cloud">Oracle U.S. Government Cloud</a> region to help address sovereign AI. Building on the expansion of their partnership, Oracle and NVIDIA are helping U.S. government customers train and deploy AI solutions with access to Oracle Cloud Infrastructure's 100+ services, including its generative AI services running on high-performance accelerators, including NVIDIA H100 and NVIDIA A100 Tensor Core GPUs, as well as ultra-low-latency networking, and secure storage.
&nbsp;
Governments must meet stringent security, digital sovereignty, and compliance requirements when developing, deploying, and operating their enterprise AI stack. To help customers address these challenges and take advantage of the latest developments in AI, NVIDIA AI Enterprise on <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=2748101764&amp;u=https%3A%2F%2Fwww.oracle.com%2Fai-infrastructure%2F&amp;a=Oracle+Cloud+Infrastructure+Supercluster">Oracle Cloud Infrastructure Supercluster</a>&nbsp;is built from the ground up to meet security and sovereign AI requirements and provides the best of NVIDIA software and Oracle Cloud Infrastructure AI infrastructure in a unified solution.
NVIDIA AI Enterprise is an end-to-end, cloud-native software platform that accelerates and streamlines the development and deployment of production-grade AI applications. Government cloud customers can utilize NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster for both the training and inferencing of models. Included in NVIDIA AI Enterprise is <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=1699168378&amp;u=https%3A%2F%2Fdeveloper.nvidia.com%2Fblog%2Fnvidia-nim-offers-optimized-inference-microservices-for-deploying-ai-models-at-scale%2F&amp;a=NVIDIA+NIM">NVIDIA NIM</a>, a set of optimized, cloud-native inference microservices designed to simplify deployment of generative AI models. <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=876095672&amp;u=https%3A%2F%2Fwww.nvidia.com%2Fen-us%2Fai-data-science%2Fgenerative-ai%2Fnemo-framework%2F&amp;a=NVIDIA+NeMo">NVIDIA NeMo</a>, also accessible through NVIDIA AI Enterprise, provides customers with training and inferencing frameworks, as well as data curation tools. These microservices, models, and frameworks can be used by governments for tasks such as semantic search, document understanding, clustering, and content summarization. With the security and scalability of Oracle Cloud Infrastructure, organizations can scale and deploy sensitive enterprise AI workloads in a controlled and dedicated environment.
"Government agencies previously faced limitations in deploying their AI initiatives," said Rand Waldron, vice president, Global Government Sector, Oracle. "With NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster in our government cloud regions, we lead the charge in sovereign AI adoption and innovation without compromising security."
"Sovereign AI can be a transformative force for governments seeking innovation through generative AI while also maintaining strict security and compliance," said Ian Buck, vice president, Hyperscale and HPC Computing, NVIDIA. "With NVIDIA AI Enterprise software on Oracle Cloud Infrastructure, developers can use a full-stack accelerated computing platform to develop proprietary, secure AI applications that help improve operations and the lives of citizens they serve."
With NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster, government customers can:
<ul>
<li>Leverage Oracle Cloud Infrastructure Supercluster that uses NVIDIA A100 and NVIDIA H100 Tensor Core GPUs to build next-generation AI models.</li>
<li>Access cloud hardware and networking that can sustain the bandwidth required by large language model training with ultra-low-latency RDMA cluster networks.</li>
<li>Utilize best-in-class development tools, frameworks, and pretrained models for AI practitioners, and reliable management and orchestration for IT professionals to help ensure performance, high availability, and security.</li>
<li>Protect against external security threats with workloads deployed in Oracle Government Cloud regions that are isolated and operated separately from commercial public cloud regions.</li>
<li>Secure their cloud tenancy with a comprehensive set of simple, prescriptive, and integrated security capabilities, including data encryption and identity management.</li>
<li>Adopt a <a href="https://c212.net/c/link/?t=0&amp;l=en&amp;o=4150165-1&amp;h=1677073808&amp;u=https%3A%2F%2Fwww.oracle.com%2Fsecurity%2Fwhat-is-zero-trust%2F&amp;a=zero+trust+security+model">zero trust security model</a>.</li>
</ul>
Oracle Government Cloud is part of Oracle's distributed cloud strategy, which offers customers all the advantages of cloud with greater control over operations, location, and security to support digital sovereignty.
NVIDIA AI Enterprise on Oracle Cloud Infrastructure Supercluster can be accessed via private offers through the Oracle Cloud Marketplace.

News

NVDA

ORCL

Oracle U.S. Government Cloud Customers Accelerate Sovereign AI With NVIDIA AI Enterprise

Canaccord Genuity analyst Dalton Baretto upgrades MAG Silver (TSX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#TSX">MAG</a>) from Speculative Buy to Buy and announces C$22 price target.

Upgrades

Price Target

Analyst Ratings

TSX:MAG

Canaccord Genuity Upgrades MAG Silver to Buy, Announces C$22 Price Target

Oppenheimer analyst Noah Kaye maintains Vertiv Hldgs (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VRT#NYSE">VRT</a>) with a Outperform and raises the price target from $96 to $98.

Oppenheimer Maintains Outperform on Vertiv Hldgs, Raises Price Target to $98

<a href="https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan">https://asia.nikkei.com/Spotlight/Supply-Chain/Google-to-expand-hardware-R-D-team-in-Taiwan</a>
&nbsp;
NEW TAIPEI CITY, Taiwan -- Google is expanding its research and development hub for hardware in Taiwan as the American search engine giant doubles down on its commitment to its device ecosystem.
&quot;Taiwan is Google&#39;s largest hardware R&amp;D hub outside of the U.S.,&quot; Elmer Peng, vice president of hardware at Google, told Nikkei Asia in an exclusive interview on Thursday. &quot;As of 2024, we&#39;ve increased 20-fold the workforce in the past 10 years in Taiwan, and our team continues to grow. ... We are really serious about building an ecosystem.&quot;

&nbsp;

Management

GOOG

GOOGL

'Google To Expand Hardware R&D Team In Taiwan; Search Engine Giant 'Serious' About Beefing Up Equipment And Software Ecosystem' - Nikkei Asia

On CNBC's &#8220;Mad Money Lightning Round,&#8221; Jim Cramer&nbsp;recommended buying Cloudflare, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/NET#NYSE">NET</a>). &#8220;I would buy it slowly because we've got big selling going on in <a href="https://www.benzinga.com/markets/equities/24/03/37562085/why-cloudflare-shares-are-rising-today">AI stock Meta,&#8221; he added</a>.
On April 17, Cantor Fitzgerald analyst Yi Fu Lee reiterated Cloudflare with a Neutral and maintained a $100 price target.
Axon Enterprise, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/AXON#NASDAQ">AXON</a>) is still good, even here, Cramer said.
Axon is projected to report first-quarter 2024 financial results after the closing bell on Monday, May 6.
The &#8220;Mad Money&#8221; host said he likes First Solar, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/FSLR#NASDAQ">FSLR</a>).
On April 23, Evercore ISI Group analyst Sean Morgan assumed First Solar with an Outperform rating and maintained a price target of $227.
Cramer said he would own Vista Energy, S.A.B. de C.V. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/VST#NYSE">VST</a>). &#8220;I think it's a good situation,&#8221; he added.
When asked about Crown Castle Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CCI#NYSE">CCI</a>), he said, &#8220;It's not that much worse than all the rest. I think you're OK.&#8221;
On April 17, Crown Castle reported upbeat first-quarter sales results.
Cramer said no to Astera Labs, Inc. (NASDAQ: ALAB. &#8220;You want to take the gain here,&#8221; he added.
On April 16, Evercore ISI Group initiated coverage on the stock with an Outperform rating and $100 price target.
&#8220;This is so speculative, I don't know, man. You're dice rolling here with this thing,&#8221; Cramer said when asked about Liquidia Corporation (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/LQDA#NASDAQ">LQDA</a>). &#8220;I'm not going to be in the dice roll game, it's too hard.&#8221;
On April 10, Needham analyst Serge Belanger reiterated Liquidia with a Buy and maintained a $28 price target.
Price Action:
<ul>
<li>Axon Enterprise shares rose 0.3% to settle at $302.41 on Wednesday.</li>
<li>Cloudflare shares fell 0.2% to settle at $87.68.</li>
<li>Liquidia shares fell 3.1% to close at $12.55 on Wednesday.</li>
<li>First Solar shares fell 1.5% to close at $177.48 on Wednesday.</li>
<li>Vista shares fell 1.8% to close at $43.39.</li>
<li>Crown Castle shares fell 0.03% to settle at $95.44 on Wednesday.</li>
<li>Astera Labs shares fell 1% to close at $70.99 on Wednesday.</li>
</ul>
Read Next: <a href="https://www.benzinga.com/trading-ideas/long-ideas/24/04/38405528/over-1m-bet-on-citi-trends-check-out-these-3-stocks-insiders-are-buying">Over $1M Bet On Citi Trends? Check Out These 3 Stocks Insiders Are Buying</a>
Image: Shutterstock

AXON

FSLR

LQDA

Jim Cramer: You're 'Dice Rolling' With This Biopharma Stock, But Vista Energy Is 'A Good Situation'

Large Cap

Contracts

General

RTX Awarded $344M Contract To Modernize Electronics Unit For Missile Development Program

Türkiye's leading mobility super app Marti Technologies, Inc. ("Marti" or the "Company") (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/MRT#NYSE">MRT</a>) today announced an amendment to its share repurchase program.
On April 24, 2024, the Company's Board of Directors (the "Board") authorized a 3 month extension to its original 6 month share repurchase program under which the Company may repurchase up to $2.5 million of its outstanding Class A ordinary shares, which was originally initiated on January 10, 2024. In addition, the Board set a ceiling price of $3.30 per share for the share repurchases, giving the Company the ability to perform share repurchases up to a maximum share price of $3.30. As of market close on April 24, 2024, the Company's share price was $1.53.
The amended repurchase program is effective immediately and is valid until October 9, 2024 (the "Repurchase Program"). Under the Repurchase Program, the Company may repurchase Class A ordinary shares in privately negotiated or open-market transactions in accordance with applicable securities laws and regulations, including Rule 10b-18 of the Securities Exchange Act of 1934, as amended. The Board may periodically review the Company's Repurchase Program and decide to extend its terms or increase the authorized amount. The Repurchase Program may also be suspended or discontinued by the Board at any time.
The specific timing and amount of repurchases will be at the discretion of the Company's management team, and will depend on a variety of factors, including its assessment of the intrinsic value of the Company's Class A ordinary shares, the market price of the Company's Class A ordinary shares, general market and economic conditions, available liquidity, compliance with the Company's debt and other agreements, applicable legal, regulatory and contractual restrictions and the Company's capital and business strategy.

Buybacks

Marti Says On April 24, 2024, The Co Authorized A 3 Month Extension To Its Original 6 Month Share Repurchase Program Under Which The Co May Repurchase Up To $2.5M Of Its Outstanding Class A Ordinary Shares

<a href="https://www.benzinga.com/personal-finance/24/04/38158576/charlie-munger-said-find-a-way-to-get-your-hands-on-100-000-even-if-it-means-walking-everywhere-">Charlie Munger</a>, the late vice-chairman of Berkshire Hathaway Inc. and renowned investing sage, left behind a wealth of advice that extends far beyond the financial markets.
In one of his final writings for CNBC, Munger shared invaluable career guidance rooted in decades of business experience. His reflections offer a roadmap to professional fulfillment and personal integrity that resonates with many aspiring to make wise career choices.
Don't Miss:
<ul>
<li>If the United States had access to<a href="https://www.benzinga.com/money/public-hys-avgamerican"> today&#8217;s high-yield savings accounts rates</a> in 2015, it wouldn&#8217;t need to save another penny.</li>
<li>Can you guess how many Americans successfully retire with $1,000,000 saved?<a href="https://www.benzinga.com/money/red-ventures"> The percentage may shock you</a>.</li>
</ul>
"Don't work for anyone you do not respect and admire," Munger wrote. "You particularly want to avoid working directly under somebody you don&#8217;t admire and don&#8217;t want to be like. It&#8217;s dangerous. We&#8217;re all subject to control to some extent by authority figures, particularly authority figures who are rewarding us."
This directive underscores the importance of the work environment and the character of those who lead us. Munger highlighted the subtle yet significant impact that leaders can have on their teams, particularly how they can shape the work culture and influence personal growth. He said that working for someone admirable fosters a positive learning environment and aligns your professional path with ethical growth and satisfaction.
Munger warned of the dangers inherent in working for someone lacking respectability or integrity. He noted that such circumstances could have a detrimental impact on a person's moral compass and professional development. This belief was integral to Munger's own career decisions, steering him away from potential mentors and business partners who did not meet his standards of character and excellence.
Trending: Warren Buffett flipped his neighbor's $67,000 life savings into a $50 million fortune —<a href="https://www.benzinga.com/money/advisor-adv-warren-buffett"> How much is that worth today?</a>
Munger's guidance extended beyond choosing whom to work for. He advocated for working only with people you enjoy being around, believing that this fosters both productivity and personal happiness. Additionally, he advised against selling anything you wouldn't buy for yourself, emphasizing the importance of honesty and integrity in all business dealings. According to Munger, adhering to such principles cultivates a good reputation and engenders trust and respect among peers and clients alike.
Munger cherished independence in decision-making. His career trajectory — from starting his own law firm to partnering with <a href="https://www.benzinga.com/personal-finance/24/04/38336007/warren-buffett-reveals-the-instructions-in-his-will-to-invest-90-of-wifes-inheritance-my-widow-w">Warren Buffett</a> — reflects his preference for steering his own course rather than being swayed by others' directives. This independence was key to achieving professional success and personal fulfillment, he said.
Munger's advice offers a timeless roadmap for navigating the complexities of career choices. By valuing respect, integrity and independence, professionals can aspire not just to succeed, but to do so on terms that respect their values and enhance their life's work. This blend of professional wisdom and personal integrity continues to draw admiration for Munger's legacy, guiding current and future generations in their career journeys.
Read Next:
<ul>
<li>How to turn a $100,000 investment into $1 Million — and<a href="https://www.benzinga.com/money/fam"> retire a millionaire.</a></li>
<li>82% of Americans aren&#8217;t using<a href="https://www.benzinga.com/money/public-hys"> this government secured 5% passive income stream</a>, are you one of them?</li>
</ul>

Personal Finance

Charlie Munger Warned Against Making A 'Dangerous' Career Mistake — 'Don't Work For Anyone You Do Not Respect And Admire'

Oppenheimer analyst Jason Helfstein maintains Meta Platforms (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/META#NASDAQ">META</a>) with a Outperform and lowers the price target from $585 to $500.

Oppenheimer Maintains Outperform on Meta Platforms, Lowers Price Target to $500

Guidance

UBSI

United Bankshares Sees FY24 Outlook; Sees Net Interest Income To Be In The Range Of $900M-$915M For 2024. Expect The Net Interest To Remain Stable In 2024 Compared To Q1

Integer Holdings (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/ITGR#NYSE">ITGR</a>) reported quarterly earnings of $1.14 per share which beat the analyst consensus estimate of $1.11 by 2.7 percent. This is a 31.03 percent increase over earnings of $0.87 per share from the same period last year. The company reported quarterly sales of $414.805 million which beat the analyst consensus estimate of $412.825 million by 0.48 percent. This is a 9.51 percent increase over sales of $378.785 million the same period last year.

Earnings

Earnings Beats

ITGR

Integer Holdings Q1 2024 Adj EPS $1.14 Beats $1.11 Estimate, Sales $414.805M Beat $412.825M Estimate

Tech

IBM Unveils New Storage Capabilities Through IBM Storage Assurance

Oppenheimer analyst Michael Wiederhorn maintains Humana (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/HUM#NYSE">HUM</a>) with a Outperform and lowers the price target from $415 to $370.

Oppenheimer Maintains Outperform on Humana, Lowers Price Target to $370

DA Davidson analyst Linda Bolton Weiser maintains Helen Of Troy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HELE#NASDAQ">HELE</a>) with a Buy and lowers the price target from $151 to $139.

HELE

DA Davidson Maintains Buy on Helen Of Troy, Lowers Price Target to $139

United Bankshares (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/UBSI#NASDAQ">UBSI</a>) reported quarterly earnings of $0.64 per share which missed the analyst consensus estimate of $0.65 by 1.54 percent. This is a 12.33 percent decrease over earnings of $0.73 per share from the same period last year.

United Bankshares Q1 EPS $0.64 Misses $0.65 Estimate

On Nov. 19, Anthony Scaramucci, founder and managing partner of SkyBridge Capital, will speak at Benzinga's Future of Digital Assets conference. 
The event, which will be held at Convene 225 Liberty Street in New York City, aims to connect and educate leaders from digital and traditional finance.
<h3 class="wp-block-heading">Extensive Financial Expertise</h3>
Anthony Scaramucci has built a notable career in the financial world. 
He began at Goldman Sachs, where he honed his skills across several departments, including investment banking and private wealth management. 
After leaving Goldman Sachs, he co-founded Oscar Capital Management, which successfully sold to Neuberger Berman in 2001.
In 2005, he established SkyBridge Capital, which has grown into a global leader in alternative investments.
<h3 class="wp-block-heading">Political And Strategic Roles</h3>
Beyond his financial career, Scaramucci has also been active in political and strategic roles. He served on President Donald J. Trump's 16-person Presidential Transition Team Executive Committee. 
In 2017, he briefly held positions as chief strategy officer of the Export-Import (EXIM) Bank and White House communications director. 
These experiences have given him a unique political, finance, and strategy background.
<h3 class="wp-block-heading">Acknowledged Leader In Finance</h3>
Scaramucci's contributions to the financial industry have been recognized with several awards and rankings. Notably, he was featured in Cointelegraph's Top 100 Influencers in Crypto and Blockchain in 2022. 
He received Ernst &amp; Young's New York Financial Services Entrepreneur of the Year Award in 2011. His influence extends beyond business as he serves on the Council on Foreign Relations and the Federal Enforcement Homeland Security Foundation board.
<h3 class="wp-block-heading">Why Should You Attend?</h3>
At the Benzinga conference, Scaramucci is expected to deliver valuable insights into merging digital and traditional financial landscapes. 
His discussion will likely focus on how financial institutions can effectively incorporate digital assets into their investment strategies. 
Given his extensive background in creating and managing investment opportunities in a changing economic environment, attendees can look forward to strategic advice from Scaramucci.
Image: Anthony Scaramucci. Photo by World Economic Forum on Flickr

Coverage of Bitcoin, Etherum, Ripple and all the latest digital currencies.

Cryptocurrency

Financing

Events

Join Anthony Scaramucci In NYC For The Future Of Finance's Digital Era

TriCo (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TCBK#NASDAQ">TCBK</a>) reported quarterly earnings of $0.83 per share which beat the analyst consensus estimate of $0.80 by 3.75 percent. This is a 22.43 percent decrease over earnings of $1.07 per share from the same period last year. The company reported quarterly sales of $98.507 million which missed the analyst consensus estimate of $100.039 million by 1.53 percent. This is a 7.91 percent decrease over sales of $106.971 million the same period last year.

Earnings Misses

TCBK

TriCo Q1 2024 GAAP EPS $0.83 Beats $0.80 Estimate, Sales $98.507M Miss $100.039M Estimate

Oppenheimer analyst Michael Wiederhorn maintains Community Health Sys (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/CYH#NYSE">CYH</a>) with a Outperform and lowers the price target from $5.5 to $4.5.

Oppenheimer Maintains Outperform on Community Health Sys, Lowers Price Target to $4.5

Worksport Signals Undervalued Status, Eyes Major 2024 Growth
West Seneca, New York 04-25-2024 - Worksport Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/WKSP#NASDAQ">WKSP</a>, WKSPW)))), a U.S.-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in light truck, overlanding, and global consumer goods markets, today released a memo to shareholders, iterating management's outlook on maximizing shareholder value and setting the stage for a transformative year in projected growth for 2024, on all fronts.&nbsp;
"As we steer through a pivotal phase at Worksport, our direction is clear and aimed at reinforcing our position as a leader in truck accessories and sustainable automotive solutions," said Steven Rossi, CEO &amp; President of Worksport. "With our focus on delivering innovative products that cater to the booming pickup truck, overlanding, and off-roading communities, we have just begun capturing our share of these significant market segments."
Corporate Valuation and Growth Outlook:
●&nbsp;Undervalued Stock Potential: With over 150 registered and pending patents and trademarks, a state-of-the-art facility valued at over $9.2 million-exceeding our current market cap-and advanced manufacturing equipment valued at more than $7 million, it is our belief that Worksport stock is significantly undervalued.
●&nbsp;Year-end sales for 2024 are expected to significantly increase from the previous year, primarily driven by Worksport's U.S.-made hard covers along with highly anticipated green-energy products coming this summer. Having already generated significant press and industry interest, the market introduction of the SOLIS solar cover and the COR portable energy storage system in the months ahead is expected to exponentially boost growth potential and substantially enhance shareholder returns.
Strategic Inventory and Production Milestones:
●&nbsp;Robust Inventory and Supply Chain Stability: With a robust balance of inventory to produce new products, a significant revenue growth opportunity is present, and is being met by strong demand for the Company's Made in America hard-covers. The Company is confident in its ability to produce significant volumes and capitalize on increasing demand without delay.
●&nbsp;B2C Sales Momentum: Direct-to-consumer sales campaigns initiated in March 2024 have already led to an uptick in sales, with sales figures from April 2024 already surpassing internal projections, indicating robust consumer demand and market acceptance.
●&nbsp;Accelerated B2B Engagements: An overwhelmingly positive reception from major U.S. business customers, including initial purchase orders from three leading players, has accelerated the Company's B2B pipeline, while marking a significant vote of confidence in Worksport's technology and business model.
Innovation and Market Expansion:
●&nbsp;First-to-Market Solar Truck Bed Cover: Finalized after extensive engineering and prototyping, the patented SOLIS cover is set for its market debut this summer. As a pioneer in the solar technology space, capturing even 5% of the U.S. market translates to significant revenue potential, potentially exceeding $300 million annually from the solar cover line alone. The SOLIS Solar Truck Bed Cover will be among the very first to market and will be available for all major makes and models. The Company has received copious interest from the media, industry partners, and consumers for this forthcoming innovation.
●&nbsp;COR Solid State Power Generator Launch: Complementing the SOLIS cover, the patent pending COR battery system is nearing the end of its prototyping phase. With each SOLIS unit sold, a COR unit stands as its perfect counterpart, enhancing utility and customer value. Alpha units of the COR system are expected to be available by this summer with strong interest from US Government Agencies &amp; Major Retailers.
●&nbsp;Groundbreaking Heat Pump Technology: Additionally, Worksport subsidiary, Terravis Energy, Inc., is on the brink of completing an innovative residential heat pump that surpasses existing technological standards by up to 40%. With the global heat pump market projected to grow at a CAGR of 8.5%, reaching $142.4 Billion by 2030, this development has garnered significant interest from conglomerate companies and governments worldwide.
Grants and Intellectual Property:
●&nbsp;Many active grant applications: Currently Worksport is actively pursuing several multi-million-dollar grants to further support the business, research and development efforts, and sales efforts. Worksport will be excited to share updates in the coming months regarding some of these applications.
●&nbsp;Expanding IP Portfolio: The strength of Worksport's intellectual property portfolio continues to further solidify our market position and innovation capacity, with new additions to the portfolio every quarter for the last year.
Despite a stock price that does not reflect our true value, the company believes 2024 is set to be an inflection point for Worksport that solidifies our position as a U.S-based manufacturer dedicated to developing innovative hybrid and clean energy solutions in the light truck, overlanding, and global consumer goods markets.

WKSP

Worksport Issues Company Memo, Signals Undervalued Status, Eyes Major 2024 Growth

Visa to streamline access to select services via the AWS partner network for its cloud-native fintech, financial institution, and enterprise clients
Visa (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/V#NYSE">V</a>), a world leader in global digital payments, announced today it has joined the AWS Partner Network (APN), a global community that leverages AWS technologies, programs, expertise, and tools to build solutions and services for customers. Visa's presence in the APN will help enable its partners and clients, including cloud-native fintechs, to access and integrate select Visa services more efficiently.
Global Payments Simplified
Visa is committed to making transactions faster, easier and more secure for all players in the payments ecosystem. Visa will make select payment services available in the <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Faws.amazon.com%2Fmarketplace%2F&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=AWS+Marketplace&amp;index=1&amp;md5=333e4db72dfb5e8bdd8f833c37b5920f">AWS Marketplace</a>, which has more than 300,000 global customers and thousands of software listings.
By making its services available in AWS, Visa is meeting its clients where they are. One of the first services to be available is <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fsolutions%2Fvisa-cross-border-solutions.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Cross-Border+Solutions&amp;index=2&amp;md5=14c2ac3b9e9b2d4bb4fea523d008d1b8">Visa Cross-Border Solutions</a>, which assists in streamlining the process of sending and receiving money globally and holding multiple currencies. This strategic positioning will allow Visa's clients to integrate solutions like Visa Cross-Border Solutions into their business operations - eliminating the need for them to step out of their established platforms.
"Visa is dedicated to better serving our clients in cloud environments, which is why we're excited to bring Visa Cross-Border Solutions to the AWS Marketplace," said Vanessa Colella, Global Head of Innovation and Digital Partnerships, Visa. "We aim to make our solutions readily accessible and available for customers to easily integrate across diverse platforms. This is a step further in our broader commitment to reduce challenges for financial institutions and enterprises."
Cloud-Based Connectivity
Through AWS, Visa plans to bring more of its products to clients operating in the cloud. Companies wanting to process payments through AWS on <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fcorporate.visa.com%2Fen%2Fabout-visa%2Fvisanet.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=VisaNet&amp;index=3&amp;md5=65924159146fed437711573c9cea57ba">VisaNet</a>, Visa's global processing network, can already establish secure AWS Privatelink connectivity with <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fusa.visa.com%2Fproducts%2Fvisa-cloud-connect.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Cloud+Connect&amp;index=4&amp;md5=71e9dc0a0f8776cd99448f1c6aa44615">Visa Cloud Connect</a>.
Cloud-native fintechs, financial institutions, and enterprises have found using cloud services can help accelerate service deployment and customer adoption. It can also contribute to lowering costs associated with local data centers, implementing specialized hardware like physical routers, and payment hardware security modules (HSMs).
"As a cloud-native card issuer and processor, and one of the first issuer processors in Europe to connect to the Visa Cloud Connect endpoint in the EU, we believe the enablement of Visa services through AWS is a gamechanger," said Merusha Naidu, Global Head of Partnerships, Paymentology. "This partnership paves the way for enhanced digital payment solutions, providing startups with the tools they need to innovate and thrive in today's fast-paced landscape."
Empowering Startups with Fintech Solutions
Visa is also proud to announce that it is now part of <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Faws.amazon.com%2Factivate%2Factivate-landing%2F&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=AWS+Activate&amp;index=5&amp;md5=cc43861259d18dfd725af01cdf48c54e">AWS Activate</a>, AWS's flagship startup program. Fintech clients enrolled in the Visa <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpartner.visa.com%2Fsite%2Fprograms%2Ffintech-program.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Fintech+Fast+Track+program&amp;index=6&amp;md5=c9fbd246968dcbc8412c3ff3e7109b07">Fintech Fast Track program</a>, and verified by AWS as eligible, can receive up to $100,000 in AWS Activate credits to help jumpstart their growth and reduce their time to market.
"We are excited to support the expansion of digital payments, banking, and embedded finance capabilities to enterprises and fintech startups building their applications on AWS," said Howard Wright, VP and Global Head of Startups at AWS. "We are looking forward to working with Visa to help make financial apps in the cloud more accessible, faster, secure, and easier to use."
Many startups running on AWS have already benefited from Visa programs like <a href="https://cts.businesswire.com/ct/CT?id=smartlink&amp;url=https%3A%2F%2Fpartner.visa.com%2Fsite%2Fprograms%2Fvisa-ready.html&amp;esheet=53956845&amp;newsitemid=20240425648724&amp;lan=en-US&amp;anchor=Visa+Ready&amp;index=7&amp;md5=476237ec92741dc666d4fd2e8177e583">Visa Ready</a> and Fintech Fast Track.