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MINNEAPOLIS--(BUSINESS WIRE)--Dec 13, 2024-- Digi International (Nasdaq: DGII, www.digi.com ), a leading global provider of Internet of Things (IoT) connectivity products and services, announces the nomination of two new members to its Board of Directors: Valerie Heusinkveld and Allison West Hughes. In addition, Sally Smith, a Digi director since 2018, has announced her intention to retire from the Board at the conclusion of the company’s annual meeting to be held on February 3, 2025. The election of Ms. Heusinkveld and Ms. Hughes will be voted on by the company’s stockholders at that same annual meeting. Ms. Heusinkveld served as Chief Financial Officer of Cradlepoint, Inc., a provider of bundled cellular hardware and connectivity and monitoring software solutions, from 2012 until her retirement in 2021. Previously, she served as Chief Financial Officer of Purcell Systems from 2007 to 2012. As a former Chief Financial Officer at high technology companies, she has extensive high technology industry knowledge and leadership experience in both financial and operational matters. The company believes this experience would provide the Board with expertise in such areas as finance, operations, hardware and solutions sales models with a focus on annual recurring revenue (ARR), as well as mergers and acquisitions, internal controls, risk management and auditing. Ms. West Hughes has served as Corporate Vice President at Microsoft Corporation since July 2022, initially focused on digital acquisition and adding responsibility for small and medium business in July 2024. Previously, she served as Senior Vice President, Global Digital Go to Market at ServiceNow, a cloud computing platform software company servicing businesses of varying sizes, from July 2021 to June 2022, after having served as Vice President from April 2020 and previously serving as Area Vice President from 2018. She has extensive high technology industry knowledge and leadership experience and brings expertise in such areas as sales and marketing and operations. The company believes her expertise in marketing and selling subscription-based offerings resulting in annual recurring revenue, as well as working with customers of varying degrees of scale would be valuable as the company executes on the expansion of recurring revenue-based solutions offerings across its business. “We want to thank Sally for her commitment to Digi and her assistance in helping the company grow and advance its mission. While her contributions were significant and will be missed, we are thrilled to nominate both Valerie and Allison to our Board of Directors,” said Satbir Khanuja, Ph.D., Non-executive Chairman of the Board, Digi International. “Their extensive experience in technology, innovation, ARR and financial strategy aligns with Digi's commitment to driving IoT advancements and delivering value to our stakeholders. We are confident their leadership will strengthen our ability to deliver on our vision as we continue expanding our global presence and driving Digi’s renaissance as a leading solution provider in the IoT space.” The nomination of Heusinkveld and Hughes underscores Digi's dedication to fostering innovation and sustaining Digi’s excellence in technology innovation and customer-centricity. Additional Information and Where to Find It Digi International has filed with the Securities and Exchange Commission (the “SEC”) a definitive proxy statement on Schedule 14A (the “Definitive Proxy Statement”) with respect to its solicitation of proxies for Digi International’s 2025 annual meeting of stockholders (the “2025 Annual Meeting”). The Definitive Proxy Statement contains important information about the matters to be voted on at the 2025 Annual Meeting. STOCKHOLDERS OF DIGI INTERNATIONAL ARE URGED TO READ THESE MATERIALS (INCLUDING ANY AMENDMENTS OR SUPPLEMENTS THERETO) AND ANY OTHER RELEVANT DOCUMENTS THAT DIGI INTERNATIONAL HAS FILED OR WILL FILE WITH THE SEC BECAUSE THEY CONTAIN OR WILL CONTAIN IMPORTANT INFORMATION ABOUT DIGI INTERNATIONAL AND THE MATTERS TO BE VOTED ON AT THE 2025 ANNUAL MEETING. Stockholders are able to obtain free copies of these documents and other documents filed with the SEC by Digi International through the website maintained by the SEC at www.sec.gov . In addition, stockholders are able to obtain free copies of these documents from Digi International by going to Digi International’s Investor Relations page on its website at www.digi.com . Participants in the Solicitation The directors, executive officers, and employees of Digi International may be deemed to be participants in the solicitation of proxies from the stockholders of Digi International in connection with 2025 Annual Meeting. Digi International has also engaged Alliance Advisors LLC to assist in the solicitation of proxies for the 2025 Annual Meeting and to provide related advice and informational support. Information regarding the interests of participants in the solicitation of proxies in respect of the 2025 Annual Meeting is included in the Definitive Proxy Statement. About Digi International Digi International (NASDAQ: DGII) is a leading global provider of IoT connectivity products, services, and solutions. It helps companies create next-generation connected products and deploy and manage critical communications infrastructures in demanding environments with high levels of security and reliability. Founded in 1985, Digi has helped customers connect more than 100 million things and counting. For more information, visit www.digi.com . View source version on businesswire.com : https://www.businesswire.com/news/home/20241213612450/en/ CONTACT: Media Contact: Peter Ramsay Global Results Communications digi@globalresultspr.com 949.307.5908 KEYWORD: MINNESOTA UNITED STATES NORTH AMERICA CANADA INDUSTRY KEYWORD: TECHNOLOGY IOT (INTERNET OF THINGS) SEMICONDUCTOR SECURITY OTHER TECHNOLOGY SOFTWARE NETWORKS INTERNET MOBILE/WIRELESS HARDWARE ELECTRONIC DESIGN AUTOMATION SOURCE: Digi International Copyright Business Wire 2024. PUB: 12/13/2024 05:50 PM/DISC: 12/13/2024 05:48 PM http://www.businesswire.com/news/home/20241213612450/enIn the ever-evolving world of technology, Nvidia and Palantir have emerged as powerhouses, fueled by the rapid advancements in artificial intelligence. This year, both companies have seen their stock prices skyrocket, driven by their innovations and strategic moves in the AI arena. Nvidia , famous for its cutting-edge GPUs, has firmly established its dominance in AI-driven data center technology, catapulting its stock price astronomically by 2024. The company’s innovation with its Blackwell platform and extensive investments, such as in its CUDA software, have resulted in enviable profit margins. However, Nvidia’s dependency on external manufacturing partners makes it susceptible to market fluctuations, underscoring the fraught nature of the semiconductor industry. On the other hand, Palantir owes its success to its robust software offerings, particularly with platforms like Gotham, Foundry, Apollo, and its AI Platform (AIP). Initially helping government agencies post-9/11, Palantir has expanded its reach into various domains like cryptocurrency and data protection. The company thrives on large, complex contracts with a few high-value customers, ensuring a niche competitive space but also posing systemic risks if sector dynamics shift unfavorably. Financially, Nvidia has outpaced Palantir with a 94% revenue surge in the third quarter, while Palantir reported a 30% increase. Despite Palantir’s revolutionary growth costing risk with its high valuation, Nvidia offers an attractive investment, combining growth potential with less vulnerability. In conclusion, while both companies’ futures glisten with opportunity in AI, Nvidia appears to offer a more balanced investment with its muscular growth and manageable risks. Nvidia vs. Palantir: The AI Titans and Their Future Prospects As artificial intelligence continues to revolutionize industries worldwide, companies like Nvidia and Palantir have positioned themselves at the forefront of innovation. Let’s delve into what sets these tech giants apart and explore what the future holds for them. Features and Innovations Nvidia’s Technological Edge Nvidia has become synonymous with advanced GPU technology, essential for AI-driven data analysis and visualization. The company’s recent innovation, the Blackwell platform, represents a leap in GPU capabilities with unprecedented computational power and efficiency. Moreover, Nvidia’s CUDA software, pivotal in AI and machine learning applications, continues to expand its functionalities, solidifying Nvidia’s role as a key accelerator in the tech industry. Palantir’s Software Dominance Palantir has made significant strides with its software platforms – Gotham, Foundry, and Apollo. These tools are staple resources for government and private sectors requiring robust data analysis and interpretation. Palantir’s AI Platform (AIP) offers sophisticated data integration across numerous sectors, demonstrating its versatility and adaptability in dynamic environments. Use Cases and Market Trends Nvidia’s Expansion Nvidia’s products have transcended traditional boundaries, finding applications in diverse areas like autonomous vehicles, healthcare diagnostics, and gaming. The GPUs’ ability to process massive datasets quickly and efficiently is crucial for real-time AI applications – a trend that’s likely to continue as more industries embrace AI. Palantir’s Strategic Partnerships Palantir’s platforms are pivotal for large-scale projects requiring intensive data processing – a competitive advantage in sectors like defense, finance, and pharmaceuticals. Furthermore, Palantir’s engagement with cryptocurrency analysis and data protection showcases its commitment to staying ahead of market trends and diversifying its application scope. Security Aspects Nvidia’s Security Challenges As Nvidia pushes boundaries in AI, the complexity of their solutions can expose potential security vulnerabilities. The reliance on external manufacturing introduces risks related to data breaches and intellectual theft, necessitating robust cybersecurity measures to protect their technological investments. Palantir’s Data Protection Given the sensitive nature of the data Palantir handles, security is a top priority. With its roots in government intelligence, Palantir implements stringent security protocols to ensure data integrity and confidentiality, making it a trusted partner for government and corporate clients alike. Predictions and Future Outlook The Path Ahead for Nvidia Nvidia’s trajectory suggests a continued dominance in AI infrastructure markets, especially as they explore innovations in quantum computing and edge AI. The company’s strategic focus on sustaining growth and addressing supply chain vulnerabilities positions them well for future challenges. Palantir’s Forward Movement Palantir’s focus on expanding its commercial sector reach and investing in AI-driven analytics positions it for innovative growth. The company’s commitment to enhancing its platforms indicates their ambition to deepen market penetration and expand service offerings. In conclusion, both Nvidia and Palantir are poised for significant advancements in the AI landscape. Nvidia offers robust growth with its cutting-edge technology and strategic industry focus, while Palantir promises resilience and versatility through its sophisticated data management tools. For investors and tech enthusiasts alike, both companies represent pivotal players in the future of AI advancement. For more information about these companies and their innovative solutions, visit Nvidia and Palantir .
Trump vows to pursue executions after Biden commutes most of federal death rowBeirut: Israel and Lebanese armed group Hezbollah are set to implement a ceasefire on Wednesday at 1pm (AEDT) as part of a US-proposed deal for a 60-day truce to end more than a year of hostilities. The text of the deal has not been published and Reuters has not seen a draft. Israeli soldiers organise equipment as stand on a tank near the border with Lebanon in northern Israel. Credit: Getty Images US President Joe Biden announced the deal, saying it was designed to be a permanent cessation of hostilities. Israel’s security cabinet has approved it and it will be put to the whole cabinet for review. Lebanon Prime Minister Najib Mikati welcomed the deal, which Hezbollah approved last week. The agreement, negotiated by US mediator Amos Hochstein, is five pages long and includes 13 sections, according to a senior Lebanese political source with direct knowledge of the matter. Hezbollah fighters carry the coffin of a colleague. The Lebanese group is expected to leave its position in southern Lebanon to move north. Credit: AP Here is a summary of its key provisions. Halt to hostilities The halt to hostilities is set to begin at 4am local time (2am GMT) on Wednesday, Biden announced, with both sides expected to cease fire by Wednesday morning. The senior Lebanese source said Israel was expected to “stop carrying out any military operations against Lebanese territory, including against civilian and military targets, and Lebanese state institutions, through land, sea and air.” All armed groups in Lebanon – meaning Hezbollah and its allies – would halt operations against Israel, the source said. An Israeli Air Force F-15 jet fighter manoeuvres over northern Israel. Credit: AP Israeli troops withdraw Two Israeli officials said the Israeli military would withdraw from southern Lebanon within 60 days. Biden said the troops would gradually pull out and civilians on both sides would be able to return home. Lebanon had earlier pushed for Israeli troops to withdraw as quickly as possible within the truce period, Lebanese officials told Reuters. They now expect Israeli troops to withdraw within the first month, the senior Lebanese political source said. A Lebanese official told Reuters the deal included language that preserved both Lebanon’s and Israel’s rights to self-defence. Hezbollah pulls north, Lebanese army deploys Hezbollah fighters will leave their positions in southern Lebanon to move north of the Litani River, which runs about 30 kilometres north of the border with Israel. Their withdrawal will not be public, the senior Lebanese political source said. He said the group’s military facilities “will be dismantled” but it was not immediately clear whether the group would take them apart itself, or whether the fighters would take their weapons with them as they withdrew. The Lebanese army would deploy troops to south of the Litani to have around 5000 soldiers there, including at 33 posts along the border with Israel, a Lebanese security source told Reuters. “The deployment is the first challenge – then how to deal with the locals that want to return home,” given the risks of unexploded ordnance, the source said. More than 1.2 million people have been displaced by Israeli strikes on Lebanon, many of them from south Lebanon. Hezbollah sees the return of the displaced to their homes as a priority, Hezbollah lawmaker Hassan Fadlallah told Reuters. Tens of thousands displaced from northern Israel are also expected to return home. Monitoring mechanism One of the sticking points in the final days leading to the ceasefire’s conclusion was how it would be monitored, Lebanon’s deputy speaker of parliament Elias Bou Saab told Reuters. A pre-existing tripartite mechanism between the United Nations peacekeeping force in southern Lebanon (UNIFIL), the Lebanese army and the Israeli army would be expanded to include the US and France, with the US chairing the group, Bou Saab said. Israel would be expected to flag possible breaches to the monitoring mechanism, and France and the US together would determine whether a violation had taken place, an Israeli official and a Western diplomat told Reuters. A joint statement by Biden and French President Emmanuel Macron said France and the US would work together to ensure the deal is applied fully. Unilateral Israeli strikes Israeli officials have insisted that the Israeli army would continue to strike Hezbollah if it identified threats to its security, including transfers of weapons and military equipment to the group. An Israeli official told Reuters that US envoy Hochstein had given assurances directly to Israeli Prime Minister Benjamin Netanyahu that Israel could carry out such strikes on Lebanon. Netanyahu said in a televised address after the security cabinet met that Israel would strike Hezbollah if it violated the deal. The official said Israel would use drones to monitor movements on the ground in Lebanon. Lebanese officials say that provision is not in the deal that it agreed, and that it would oppose any violations of its sovereignty. Reuters Get a note directly from our foreign correspondents on what’s making headlines around the world. Sign up for the weekly What in the World newsletter here .Sebastian Zapeta, 33, who federal immigration officials said is a Guatemalan citizen who entered the US illegally, was arraigned in Brooklyn criminal court. He appeared briefly before a judge and wore a white jumpsuit over a weathered black hooded sweatshirt. He did not speak. He will remain jailed ahead of his next court date on Friday. The apparently random attack occurred on Sunday morning on a stationary F train at the Coney Island station in Brooklyn. Police said on Tuesday that identification of the victim was still “pending at this time”. Authorities say Zapeta approached the woman, who was sitting motionless in the train car and may have been sleeping, and used a lighter to set her clothing on fire. The woman quickly became engulfed in flames, while the suspect then sat at a bench on the subway platform and watched, according to police. Video posted to social media appeared to show the woman standing inside the train ablaze as some people look on from the platform, and at least one officer walks by. NYPD chief of transit Joseph Gulotta said that several officers had responded to the fire and one stayed to keep the crime scene “the way it’s supposed to be” while the others went to get fire extinguishers and transit workers. They were eventually able to douse the fire, but “unfortunately, it was too late”, Police Commissioner Jessica Tisch said — the woman was pronounced dead at the scene. During Zapeta’s court hearing on Tuesday, Assistant District Attorney Ari Rottenberg said Zapeta at one point fanned the flames on the woman using his shirt. He said a 911 call from a subway rider helped identify Zapeta. Mr Rottenberg added that under interrogation Zapeta claimed he did not know what happened, noting that he consumes alcohol. But he alleged that Zapeta identified himself to interrogators in images related to the attack. Zapeta was taken into custody on Sunday afternoon while riding a train on the same subway line after police got a tip from some teenagers who recognised him from images circulated by the police. A Brooklyn address for Zapeta released by police matches a shelter that provides housing and substance abuse support. The shelter did not immediately respond to a request for comment. Federal immigration officials said Zapeta had been previously deported in 2018 but at some point reentered the US illegally. The crime — and the graphic video of it that ricocheted across social media — deepened a growing sense of unease among some New Yorkers about the safety of the subway system in a city where many residents take the subway multiple times each day.