Fintech PR
T-Worx, Army develop weaponry to equip soldiers with artificial intelligence, real-time integrated data
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T-Worx Holdings, LLC, a product innovation company, announced it will support the contractors chosen and announced by the Army today to develop weapons for the Next Generation Squad Weapons (NGSW) program.
T-Worx is currently the only approved vendor for the U.S. Army’s Picatinny Smart Rail, synonymous with the T-Worx Intelligent Rail® platform (I-Rail®). The platform is included as a threshold requirement for the Army’s NGSW Rifle and Automatic Rifle. As part of the Army’s down-select process announced today, T-Worx supported the Original Equipment Manufacturers that submitted proposals for the NGSW earlier this year. The manufacturers selected by the Army (General Dynamics-OTS Inc., AAI Corporation Textron Systems, and Sig Sauer Inc.) will produce these intelligent weapons for final evaluation and selection of one company to field the NGSW weapons in 2022.
A culmination of a 10-year relationship with the Army, the T-Worx I-Rail brings networked lethality with integrated power and data to the soldier weapon. The U.S. Department of Defense will begin funding the NGSW program with the FY20 budget in a 10-year procurement program expected to produce at least 250,000 soldier weapons that are intended to replace the existing M4 carbine and the M249 squad automatic weapon. The initial five year R&D budget supporting the NGSW and the NGSW-Fire Control exceeds $370MM, with an estimated $1.5B expected to field the 250,000 NGSW systems.
As a required enabling technology, T-Worx achieved a huge milestone for the Army’s modernization priorities while also reaching rare Phase III SBIR funding for its I-Rail that can increase soldier lethality, survivability, and operational effectiveness. A SBIR success story, T-Worx combined private investment with SBIR funding to further its intellectual property and enhance its data capabilities.
“The Army is facing a culture shift for quickly equipping our service members with modernized weaponry. The I-Rail helps the Army achieve a networked battlefield. T-Worx is engineering the most innovative products to meet the demands of an evolving battlespace. We are thrilled with the creation and progress of Army Futures Command working together with industry and the military to modernize our force more efficiently – a key factor in maintaining overmatch against potential adversaries,” said Don McLaughlin, President, T-Worx Holdings, LLC.
The Rail Operating SystemTM
A solution for soldiers to lighten their load by carrying less batteries and connecting all devices mounted on their weapons, the T-Worx’s smart weapon technology is a critical component for future warfare. Its Rail Operating System (ROS
), a software product combined with the I-Rail platform, fits with weapons produced by multiple manufacturers and enables soldiers to connect their weapons with the battlefield network and command centers.
The core ROS platform is what companies are using to develop apps and accessories that connect various sensors and enablers to the I-Rail. The possibilities of data and power are significantly enhanced by the ROS that collects and streams data for commanders to process and use to make intelligent decisions and to execute simultaneous and sequential operations.
Artificial Intelligence and Why Smart Weapons Matter
T-Worx Advisor, Retired Gen. John Campbell, former Army Vice Chief of Staff, says, “The capability that this technology brings to the soldier on the ground is absolutely game changing. The Intelligent Rail will help overcome the erosion in close combat overmatch and capitalize on advancing technologies to increase performance at range. Integrating both squad fire control systems and this rail design will enable better situational awareness and increased lethality. We owe the very best equipment available to our men and women.”
Dismounted soldier equipment such as the I-Rail gives soldiers and warfighters the advantage of fighting intelligently. “Regardless of weapon platform, the I-Rail is the staple that will give commanders real-time information to exploit and penetrate enemy weaknesses. Throughout the I-Rail development process we knew the military needed a technology that addressed threats, not only capabilities. This forward thinking technology supports the U.S. Army Multi-Domain Operations, 2028,” notes McLaughlin.
T-Worx’s technology solution enables small arms to reach new thresholds by packaging multiple pieces of equipment into one integrated network that gives soldiers and commanders a more comprehensive picture of the battlefield. Beyond weapons, the integrated and real-time data leads to modernized, mission-ready soldiers and helps ensure that the U.S. remains the leading global force.
SOURCE T-Worx Holdings, LLC
Fintech PR
President Emmerson Mnangagwa met this week with Zambia’s former Vice President and Special Envoy Enoch Kavindele to discuss SADC’s candidate for the AfDB
President Mnangagwa, who is SADC Chairperson, reaffirmed his own country’s and SADC’s enthusiastic support for Zambian candidate Sam Maimbo
LUSAKA, Zambia, Dec. 20, 2024 /PRNewswire/ — Special Envoy Kavindele released the following statement following the meeting:
“I am elated to witness the growing success and momentum of Sam Maimbo’s candidacy to become the next President of the African Development Bank. I am filled with gratitude to our friends across both SADC and COMESA for their continued support and good wishes.
Sam has garnered such wide consensus due to his being uniquely qualified to deliver the transformative change and empowerment our continent needs. Sam’s 30 years in development work is defined by driving outcomes, improving processes, and investing in people. The AfDB needs a hands-on leader who is laser focused on delivering results and who is unafraid of making tough decisions in order to best serve our continent. Sam is that leader. Sam has the track record and experience to drastically enhance the pace, scale, and impact of the Bank’s work in service of the people and governments of Africa.
Our region has a proud history of supporting fellow Southern Africans. For example, we all recall Lusaka’s role in hosting the African National Congress’ headquarters during the dark days of Apartheid oppression.
It therefore gives me no pleasure to observe my South African brothers, who have themselves leant on Zambia’s steadfast friendship over many decades, fail to rally behind both SADC and COMESA’s chosen candidate for the AfDB. Africa’s urgent economic development challenges demand transformational leadership at the AfDB, it is all of our responsibility to put forward the best candidate for the job. This is not the time or place for a government to act with narrow self-interest, we all must act in the continent’s and AfDB’s best interest.
I thank Sam Maimbo for his lifelong service to our entire continent, and I am eager to witness his enormous impact as President of the AfDB.”
LONDON, Dec. 20, 2024 /PRNewswire/ — Heimdal Security shares a practical holiday cybersecurity checklist, offering expert insights to help businesses safeguard against cyber threats this festive season.
With reduced staffing, remote work setups, and a surge in online shopping creating heightened vulnerabilities, this guide offers actionable tips to enhance business security.
Going beyond basic advice, the checklist also highlights the most common holiday scams and features videos showcasing real-life examples of Christmas-themed cyber scams and effective prevention strategies.
Key Tips to Protect Businesses This Holiday Season:
- Strengthen endpoints: Ensure devices are updated with antivirus and endpoint protection software; consider Endpoint Detection and Response (EDR) and application whitelisting.
- Prepare for phishing spikes: Train staff to identify suspicious emails, enforce robust email filters, and establish protocols for reporting unusual activity.
- Secure remote access: Mandate VPN usage, monitor unusual logins, and deactivate inactive accounts temporarily.
- Segment and shield networks: Isolate sensitive areas, deploy DNS security and advanced firewalls, and maintain full visibility over network traffic.
- Apply timely patches: Regularly update all systems and test patches in a controlled environment to minimize disruptions.
- Mitigate supply chain risks: Assess vendors thoroughly and limit their access to essential systems.
- Have a response plan ready: Tailor incident protocols for the holidays, create an on-call rotation for the IT team, and enable rapid action against suspicious activity.
“ Cybercriminals thrive on holiday distractions, but with proactive measures like phishing training, secure endpoints, and network segmentation, businesses can stay ahead of potential threats,” said Alex Panait, System Administrator at Heimdal Security.
Common Holiday Scams That Businesses Should Watch For:
Cybercriminals often tailor their tactics to exploit the festive season. The most common scams include:
- Spear phishing: Emails disguised as holiday bonuses or event invitations that steal credentials or spread malware.
- Malicious holiday E-Cards: Festive greetings that contain links deploying ransomware or spyware.
- Fake E-Commerce sites: Fraudulent websites offering discounts to steal payment information.
- Insider threats: Distracted or disgruntled employees mishandling or exploiting sensitive data.
- Corporate travel scams: Fake booking platforms targeting business travelers.
- Business email compromise (BEC): Fraudulent requests for urgent wire transfers during year-end financial rushes.
For more, read the full article here or watch the video on YouTube to see how these threats unfold and learn actionable prevention strategies.
About Heimdal:
Established in Copenhagen in 2014, Heimdal® empowers CISOs, security teams, and IT administrators to improve their security operations, reduce alert fatigue, and implement proactive measures through a unified command and control platform.
Heimdal’s award-winning cybersecurity solutions span the entire IT estate, addressing challenges from endpoint to network levels, including vulnerability management, privileged access, Zero Trust implementation, and ransomware prevention.
For further press information:
Madalina Popovici
Media Relations Manager
[email protected]
View original content:https://www.prnewswire.co.uk/news-releases/stay-cyber-safe-this-holiday-season-heimdals-checklist-for-business-security-302337465.html
Fintech PR
According to Tickmill survey, 3 in 10 Britons in economic difficulty: Purchasing power down 41% since 2004
The people who have the most problems are women (30%) and are between 35 and 49 years old (39%)
ROME, Dec. 20, 2024 /PRNewswire/ — The purchasing power in the UK has dropped by 41% over the last 20 years. Today, £100,000 left in a bank account since 2004 without being invested would now be worth £59,021.
This figure is one of the findings from a study conducted by Tickmill, an international online trading broker that compared the economic situation in the UK and the European Union through the infographic “Purchasing Power and Cost of Living: UK vs EU”.
The analysis reveals a slight decline of 0.4% in the UK’s purchasing power, which currently stands at £41,573. In contrast, the European Union has seen a modest rise of 0.1%, reaching £40,874.
Why is purchasing power declining in the UK? One key factor is the cost of living. If the UK were still part of the European Union, it would rank as the fifth most expensive country, behind Ireland, Luxembourg, Denmark, and the Netherlands.
Unsurprisingly, 3 in 10 Britons are struggling with the cost of living. Women (3 in 10, compared to 25% of men), those aged between 35 and 49 (4 in 10), households earning less than £15,000 (6 in 10), and single parents (1 in 2) are among the most affected groups.
Among UK nations, Northern Ireland is the hardest hit, with 34% of its population facing financial difficulties, followed by Wales (31%), England (28%), and Scotland (22%). In England, the North East has the highest percentage of people struggling, with 4 in 10 residents affected. Even in London, the high costs impact 1 in 4 adults.
In response to these challenges, Britons are making significant adjustments:
- 53% have cut back or delayed spending on smaller items like eating out, entertainment, subscriptions, clothing, toys, books, etc.;
- 52% have reduced household energy consumption;
- 48% have decreased their grocery spending;
- 41% have scaled back or postponed major expenditures, such as holidays, cars, and weddings;
- 26% are working longer hours, taking on overtime, or pursuing additional jobs to earn extra income.
The British also made changes on the financial side. One in four adults has been forced to dip into their savings or investments to cover daily expenses. Moreover, 44% have stopped saving or investing entirely or have reduced their savings and investments—a 4% increase compared to 2023.
The lack of investment is another critical factor contributing to the decline in purchasing power. It is estimated that 13 million UK residents hold £430 billion in cash deposits but do not invest. The reasons? Seventy-four percent say they cannot compare investment products effectively, and 43% are afraid of losing their money.
A lack of knowledge and fear are preventing many savers from taking advantage of an important opportunity: preserving or increasing their purchasing power in the long term.
Photo: https://mma.prnewswire.com/media/2586123/Tickmill.jpg
Logo: https://mma.prnewswire.com/media/2586129/Tickmill_Logo.jpg
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