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ATLANTA , Dec. 23, 2024 /PRNewswire/ -- KORE Group Holdings, Inc. (NYSE: KORE) ("KORE" or the "Company"), the global pure-play Internet of Things ("IoT") hyperscaler and provider of IoT Connectivity, Solutions, and Analytics, today announced it has received notification (the "Acceptance Letter") from the New York Stock Exchange (the "NYSE") that the NYSE has accepted the Company's previously-submitted plan (the "Plan") to regain compliance with the NYSE's continued listing standards set forth in Section 802.01B of the NYSE Listed Company Manual relating to minimum market capitalization and stockholders' equity. In the Acceptance Letter, the NYSE granted the Company an 18-month period from September 12, 2024 (the "Plan Period") to regain compliance with the continued listing standards. As part of the Plan, the Company is required to provide the NYSE quarterly updates regarding its progress towards the goals and initiatives in the Plan. In the Plan, Kore included details regarding previously reported operational restructuring activities, as well as an outlook on the Company's business. The Company expects its common stock will continue to be listed on the NYSE during the Plan Period, subject to the Company adherence to the Plan and compliance with other applicable NYSE continued listing standards. The Company's receipt of such notification from the NYSE does not affect the Company's business, operations or reporting requirements with the U.S. Securities and Exchange Commission. Cautionary Note on Forward-Looking Statements This press release includes certain statements that are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as "believe," "guidance," "project," "may," "will," "estimate," "continue," "anticipate," "intend," "expect," "should," "would," "plan," "predict," "potential," "seem," "seek," "future," "outlook," and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding expected progress with the Company's compliance plan submitted to the NYSE, expected compliance with continued listing standards of the NYSE and expected continued listing of the Company's common stock on the NYSE. These statements are based on various assumptions and on the current expectations of KORE's management. These forward-looking statements are provided for illustrative purposes only and are not intended to serve as and must not be relied on by any investor or other person as, a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of KORE. These forward-looking statements are subject to a number of risks and uncertainties, including general economic, financial, legal, political and business conditions and changes in domestic and foreign markets; the potential effects of COVID-19; risks related to the rollout of KORE's business and the timing of expected business milestones; risks relating to the integration of KORE's acquired companies, including the acquisition of Twilio's IoT business, changes in the assumptions underlying KORE's expectations regarding its future business; our ability to negotiate and sign a definitive contract with a customer in our sales funnel; our ability to realize some or all of estimates relating to customer contracts as revenue, including any contractual options available to customers or contractual periods that are subject to termination for convenience provisions; the effects of competition on KORE's future business; and the outcome of judicial proceedings to which KORE is, or may become a party. If the risks materialize or assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that KORE presently does not know or that KORE currently believes are immaterial that could also cause actual results to differ materially from those contained in the forward-looking statements. In addition, forward-looking statements reflect KORE's expectations, plans or forecasts of future events and views as of the date of this press release. KORE anticipates that subsequent events and developments will cause these assessments to change. However, while KORE may elect to update these forward-looking statements at some point in the future, KORE specifically disclaims any obligation to do so. These forward-looking statements should not be relied upon as representing KORE's assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements. KORE Investor Contact: Vik Vijayvergiya Vice President, IR, Corporate Development and Strategy vvijayvergiya@korewireless.com (770) 280-0324 View original content to download multimedia: https://www.prnewswire.com/news-releases/kore-announces-nyse-acceptance-of-plan-to-regain-listing-compliance-302338621.html SOURCE KORE Group Holdings, Inc.
GREG COTE’S NFL WEEK 13 THANKSGIVING DAY PICKS BEARS (4-7) at LIONS (10-1) Line: DET by 10. Cote’s pick: DET, 34-16. TV: 12:30 p.m. ET Thursday, CBS. The traditional roasted bird will just about be going into the Cote oven Thursday when the opener of the NFL Thanksgiving tripleheader kicks off. This is proving not to be the season to expect Detroit to revert to its old self. Because Dan Campbell has a monster going on. The Lions as double-digit favorites? Last two times that has happened. this season, Jared Goff and the lads have put up 52 points ... not total, in each game. Bears QB Caleb Williams has been better under new O-coordinator Thomas Brown. That and the rival/division factor could see the Bears hanging around as your Turkey Day digs in. But Detroit has turned into a juggernaut to be feared not doubted. At home and with America watching, I’d expect the Lions, especially that offense, to be in full preen mode. GIANTS (2-9) at COWBOYS (4-7) Line: DAL by 3 1/2. Cote’s pick: DAL, 24-17. TV: 4:30 p.m. Thursday, Fox. Dallas will be putting its 0-5 home record on national display right around the time the Cotes (and many of you) are sitting down at the banquet table Thursday. Cowboys have owned this NFC East rivalry, winning seven straight games, 14 of the past 15, and the and the past seven in a row at Jerry’s House. Now it’s the duel of break-glass-in-case-of-emergency QBs in Cooper Rush vs. Tommy DeVito. And two head coaches under fire, with the seat under Brian Dabol even hotter. Dallas Micah Parsons had two sacks in the upset win at Washington, and now faces an NYG squad that majors in giving up sacks. We’re praying for you, DeVito. Well, OK, not really. Because we’re rooting for our pick. Giants are 0-5 covering as a dog of four points or less. Let’s keep it that way. DOLPHINS (5-6) at PACKERS (8-3) Line: GB by 3 1/2. Cote’s pick: MIA, 27-23. TV: 8:20 p.m. Thursday, NBC/Peacock. Feast digested, tryptophan kicking in, dessert looking good but too full to eat. While the rest of us are feeling this on Thanksgiving night, the Dolphins are taking the field at Lambeau Field, with temperatures expected in the low 20s, with wind gusts but (mercifully) only a small chance of rain meaning snow. Oy! Brutal weather. Teams last met in 2022 (Tua Tagovailoa threw three picks), and Miami last won in Green Bay in 2010. But Miami has won three in a row entering this to hoist its season toward playoff hope, with Tua playing great. Yes, Tua in this kind of weather has not been a pretty sight. In fact he is 0-7 in games where the temperature is 40 or below, most recently in the playoff loss in Kansas City last January. Still, the Dolphins’ solid run defense will force Jordan Love to try to win in the air in conditions he can’t love, either. Yeah, yeah, I get it. There is every reason in the world to think pragmatically here, to think safely, to pick the Pack on the Frozen Tundra. But I’m feeling saucy. Maybe it’s the holiday? Blame my friend Jim Beam? Tua said this week, “I love killing narratives.” This one is: Miami can’t beat good teams, and can’t win in the freezing cold. So that makes this a two-for-one narrative-killing holiday special. And early Black Friday sale! I say the Dolphins, with a ton to prove, will stay hot in the freezing cold. Upset! ©2024 Miami Herald. Visit at miamiherald.com . Distributed by Tribune Content Agency, LLC.
Main accused arrested in honey trap caseIndian-American OpenAI whistleblower Suchir Balaji found dead in US apartment NEW YORK: Suchir Balaji, an Indian-American former researcher at OpenAI who had publicly criticised the company’s practices, was found dead in his San Francisco apartment on November 26. The 26-year-old’s death has been ruled a suicide, with authorities reporting no evidence of foul play. Balaji, who left OpenAI in August after four years, was a prominent voice raising ethical concerns about the use of copyrighted materials to train generative AI models like ChatGPT. “I recently participated in a New York Times story about fair use and generative AI, and why I’m sceptical ‘fair use’ would be a plausible defence for a lot of generative AI products. I also wrote a blog post about the nitty-gritty details of fair use and why I believe this,” Balaji had written on X. In a separate interview with the New York Times, Balaji described OpenAI’s approach to data collection as harmful. “If you believe what I believe, you have to just leave the company,” he said, expressing concern over the training of GPT-4 on massive amounts of internet data. Balaji’s concerns centred on how generative AI systems could produce outputs that compete with the original copyrighted works used in their training. In a blog post cited by the Chicago Tribune, he argued, “No known factors seem to weigh in favour of ChatGPT being a fair use of its training data.” He noted that this issue extended beyond OpenAI, saying, “Fair use and generative AI is a much broader issue than any one product or company.” The lawsuits against OpenAI, including those from major media outlets such as The New York Times, claim that the company’s practices infringe on copyright laws. Balaji was named in court documents as someone with “unique and relevant documents” to support the lawsuits. OpenAI has consistently denied these allegations. In a statement reported by the Chicago Tribune, the company said, “We see immense potential for AI tools like ChatGPT to deepen publishers’ relationships with readers and enhance the news experience.” Balaji’s death has reignited debates about the ethical and legal implications of AI technologies. In the last two years, many individuals and businesses have sued various AI companies, including OpenAI, arguing that they illegally used copyrighted material to train their technologies. In December, The New York Times sued OpenAI and its primary partner, Microsoft, claiming they used millions of articles published by the Times to build chatbots that now compete with the news outlet as a source of reliable information. Both companies have denied the claims. Agencies
New technology aids Brazil’s crackdown on illicit Amazon gold trade BRASILIA: Harley Sandoval, an evangelical pastor, real estate agent and mining entrepreneur, was arrested in July 2023 for illegally exporting 294 kilos of gold from Brazil’s Amazon to the US, Dubai and Italy. On paper, the gold was sourced from a legal prospect Sandoval was licensed to mine in the northern state of Tocantins. But police said not an ounce of gold had been mined there since colonial times. Using cutting-edge forensic technology, along with satellite imagery, Brazil’s Federal Police said it was able to establish that the exported gold did not come from the Tocantins prospect. Instead, it had been dug up from three different wildcat mines in neighbouring Para, some on protected Indigenous reservation lands, according to previously unreported court documents dated November 2023 seen by Reuters. The prosecution is one of the first in Brazil using the new technology to tackle clandestine trading that may account for as much as half of the gold output of Brazil, a major producer and exporter of the precious metal. Illegal gold mining has surged at thousands of sites in the Amazon rainforest, bringing environmental destruction and criminal violence to the region. Seizures of illegally mined gold have surged seven-fold in the past seven years, according to Federal Police records obtained exclusively by Reuters. Sandoval, who has been released pending trial and continues to preach with his wife at a Pentecostal Evangelical church in the central Brazilian city of Goiania, denies the allegations. He maintains there is no way to establish where the gold was mined once it is melted down into ingots for export. “That’s impossible. To export gold one always has to melt it down,” he told Reuters by telephone. THE DNA OF GOLD Historically, gold is notoriously difficult to trace, especially once metal from different sources has been melted together, erasing the original signatures. After that, it can easily be traded as a financial asset or be used in the jewellery industry. But investigators say that’s starting to change. A police programme called ‘Targeting Gold’ is creating a database of samples from across Brazil that are examined with radio-isotope scans and fluorescence spectroscopy to determine the unique composition of elements. The technique, long used in archaeology, was pioneered in mining by University of Pretoria geologist Roger Dixon to help distinguish between legal and stolen gold. The programme developed in partnership with university researchers includes the use of powerful light beams from a particle accelerator at a Sao Paulo lab to study nano-sized impurities associated with gold, be it dirt or other metals like lead or copper, that help trace its origins. Humberto Freire, director of the Federal Police’s recently created Environment and Amazon Department, said the technology allows scientists to analyse “the DNA of Brazilian gold”. “Nature has marked the gold with isotopes and we can read these unique fingerprints with radio-isotope scans,” Freire said. “With this tool we can trace illegal gold before it gets refined for export.” The programme has helped fuel an increase in gold seizures since leftist President Luiz Inacio Lula da Silva took office last year -- up 38 per cent in 2023 from 2022, according to government numbers seen by Reuters. New Brazil central bank gold market regulations, including mandatory electronic tax receipts for all trades and tightened monitoring of suspect transactions, have also helped, according to Freire. “We estimate that around 40 per cent of the gold that is extracted in the Amazon is illegal,” he told Reuters. Brazil exported 110 tonnes of gold in 2020 worth $5 billion, according to official data, ranking among the world’s top 20 exporters. Last year, exports were 77.7 tonnes, a drop the government attributes to improved enforcement of illegal mining. INDIGENOUS TENSIONS Lula’s predecessor, far-right President Jair Bolsonaro weakened environmental controls in the Amazon. That triggered a new gold rush in Brazil, spurred by record world gold prices that were driven up by geopolitical tensions and central bank purchases, led by China. Prices have continued to new highs, trading at around $2,650 per ounce on Friday. Gold rushes have been a hallmark of mineral-rich Brazil from its Portuguese colonial past. But the latest surge in wildcat mining beginning during Bolsonaro’s administration has been unprecedented. Satellite images show there are some 80,000 such prospects today in the Amazon rainforest, more than ever registered before. Once dominated by prospectors with gold pans, artisanal mining in Brazil has become an industrial-scale activity with heavy excavating machinery and million-dollar river dredgers. Criminal organizations fly people, equipment and gold into and out of the region with helicopters and planes that land at clandestine airstrips. Their excavations often leave behind gaping ponds of sludge contaminated with mercury, used to separate the gold from dirt and other minerals. Last year, thousands of miners who invaded the Yanomami territory, the country’s largest Indigenous reservation on the northern border with Venezuela, brought violence and disease that caused malnutrition and a humanitarian crisis among the tribe, prompting Lula to send in troops. But many returned this year after the military pulled out. Lula, who has pledged to stamp out illegal gold mining, tried to fight back by deploying special forces of the environmental protection agency Ibama into Indigenous reservations and forest conservation parks. Police say cracking down on the organized crime gangs that back the wildcat miners is the next step in staunching an illegal trade that feeds the jewellery and watch industry in Switzerland, which buys 70 per cent of Brazil’s exported gold, according to government trade data. Amazon neighbours, including Colombia and French Guiana, are considering adopting the Brazilian gold analysis method to deal with their illegal gold trade and European governments have shown interest, including Switzerland and Britain, the top importers from Brazil after Canada, police and diplomats said. Brazil accounts for just 1.0 per cent of gold imported by Switzerland, a global trade hub for the metal, and “measures are in place to import only legally mined gold”, a Swiss embassy statement said. The embassy said it has set up a working group with other importing countries to study traceability and anti-counterfeiting tools. A 2022 study by non-profit watchdog Instituto Escolhas found that 52 per cent of the gold exported from the Amazon was illegal, nearly all from protected Indigenous reservation lands or national conservation parks. A vibrant lobby for informal gold mining has survived Bolsonaro in Brazil’s Conservative Congress, where pending bills propose legalising wildcat mining. For now, though, gold samples from across Brazil are being added to a database with the help of scientists at the Federal Police’s criminology institute lab in Brasilia, where forensic expert Erich Moreira Lima oversees microscopic scanning of gold nuggets that are kept in a safe.Ketu: Itula okwa ningile ndje omatilitho kutya ota blocka ongodhi yandje
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CLEVELAND (AP) — Two days before recording another milestone, resume-building sack on Sunday at Cincinnati, Myles Garrett delivered a jarring hit — on the Browns. In this case, any roughness could be deemed necessary. Garrett piled on to what has been a painful and puzzling season in Cleveland by saying he doesn't have any interest in going through another rebuild and wants to know exactly what the organization's offseason plans are to fix things. If that wasn't enough, Garrett indicated for the first time that he would consider leaving the Browns if his vision doesn't mesh with the team's ambitions. “It’s a possibility,” he said of playing elsewhere. "But I want to be a Cleveland Brown. I want to play my career here.” It's unclear how Garrett's comments were received by owners Dee and Jimmy Haslam, who have plenty to consider as the Browns (3-12) head into the final two weeks of a season that began with playoff expectations and could be followed by upheaval. The Browns haven't been this bad since going 0-16 in 2017. Garrett, who reached 100 career sacks by taking down Cincinnati's Joe Burrow late in the first half of Sunday's 24-6 loss , may have either added to the Haslams' long list of concerns — the Deshaun Watson contract situation is a priority — or brought them clarity. There's no denying that Garrett's remarks carry substantial weight, which is partly why he spoke up. He's the Browns' best player, a franchise cornerstone, a future Hall of Famer and arguably the most disruptive defensive force in the game today. He's also leading with actions. Garrett showed extraordinary effort in chasing down and tackling Burrow before tumbling out of bounds and crashing into Cleveland's bench and some portable heaters. He might be frustrated, but he's not giving up. “A testament of who he is as a player and who he is as a person,” linebacker Jordan Hicks said. What the reigning Defensive Player of the Year says matters. It will be interesting to see if the Haslams listen. At this point, there are indications the Browns intend to stick with coach Kevin Stefanski and general manager Andrew Berry, whose major misses in recent drafts have become more magnified with each loss. There will be changes; it's just a matter of how drastic and if they'll be enough to satisfy Garrett's wishes. He turns 29 on Dec. 29 and has two years left on a $125 million contract extension. The All-Pro is in his prime and doesn't want to waste another season in a pointless pursuit of a Super Bowl title. His goal is to win a championship with Cleveland — or someone. Garrett's serious. He's asking the Browns to show him they are, too. What's working Cleveland's defense is doing its part. For the second week in a row, the Browns contained one of the NFL's most talented offenses, holding the Bengals and their top-ranked passing game below most of their season averages. Burrow did throw three TD passes — for the seventh game in a row — but Cincinnati scored fewer than 27 points for the first time in seven games. What needs help The Browns continue to beat themselves with costly turnovers, some more costly than others. They drove to the Cincinnati 1-yard line in the opening minutes only to have D'Onta Foreman fumble as he neared the goal line. The Bengals capitalized by driving 99 yards to take a 7-0 lead that could have been Cleveland's. Stock up Running back Jerome Ford is making the most of a heavier workload and finishing strong. He ripped off a 66-yard run on the game's first play and finished with 131 all-purpose yards, including 92 on 11 carries and scored Cleveland's only TD. Ford's emergence as a potential No. 1 back — Nick Chubb's injuries have clouded his future — gives the team one less thing to worry about as it retools the roster. Stock down Kicker Dustin Hopkins hasn't shaken a startling slump. After being benched for a week to work through his struggles, Hopkins missed his only kick, pushing an extra point to the right. Hopkins felt confident going in, but he's back to trying to identify issues that could be equally mechanical and mental. He's just 16 of 25 on field goals, 16 of 19 on PATs and the Browns' decision to sign him to a three-year, $15.9 million extension this summer looks worse every week. Injuries QB Dorian Thompson-Robinson injured his calf early in Sunday's game, leaving his status in doubt for a second straight start this week. If Thompson-Robinson can't go, the Browns could go back to Jameis Winston, but he's dealing with a sore right shoulder. ... Tight end David Njoku is dealing with yet another injury after hurting his knee. The team is awaiting results on an MRI, perhaps a sign of the severity. Njoku has missed time with injuries all season. He finished with eight catches for 66 yards. Key number 20 — Interceptions for the Browns this season. Thompson-Robinson's two picks on Sunday gave the team 10 in the last four games. What's next Probably a half-empty stadium for a final home game on Sunday against the Miami Dolphins, who are still in the hunt for a wild-card spot. ___ AP NFL: https://apnews.com/hub/nfl Tom Withers, The Associated PressAUSTIN, Texas — For the second time this month, Bevo will have to watch the Texas Longhorns on a screen instead of in Atlanta. On Monday, officials with the Chick-fil-A Peach Bowl said Bevo will not be allowed on the sidelines, once again citing space concerns. Bevo was barred from the SEC Championship game against Georgia for the same reason, despite the history between Bevo and the University of Georgia's mascot, Uga. Peach Bowl officials said the 1.9 million-square-foot Mercedes Benz Stadium doesn't have enough sideline space to make sure Bevo, the players and everyone else on the field are safe. "We love all of the great traditions of college football and no doubt, Bevo is one of the best," bowl officials said in a statement. "The unfortunate reality is there simply is not enough room on the sidelines ... We unfortunately will not be able to have Bevo on the field." Reaction pours in after the Benz bans Bevo Outgoing Austin City Council Member Mackenzie Kelly immediately reacted to the news, asking the Peach Bowl to " stop messing with tradition " and to let Bevo "BE LEGENDARY." Others also poked fun at the vast on-field terraces offered by the stadium, akin to the size of someone's backyard, as the perfect place to put Bevo. Some people even floated conspiracy theories on social media that Bevo is still being punished for nearly spearing Uga X in January 2019 ahead of the Sugar Bowl in New Orleans. Regardless of Bevo's status for the New Year's Day game against Arizona State University, the game has already been sold out. Currently, tickets on resellers start at around $59. 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