Latest news with #AMV
Yahoo
11-06-2025
- Business
- Yahoo
Alpha Modus Ventures Files Patent Infringement Lawsuit Against Cisco Systems
Alpha Modus Ventures sues Cisco CORNELIUS, N.C., June 11, 2025 (GLOBE NEWSWIRE) -- Alpha Modus Ventures, LLC ('AMV'), the entity that recently filed a patent infringement lawsuit against Broadcom Inc. on April 22, 2025, and engaged a patent monetization and funding agreement with Alpha Modus Holdings, Inc. (NASDAQ: AMOD), today announced that it has filed a patent infringement lawsuit against Cisco Systems, Inc. (NASDAQ: CSCO) in the U.S. District Court for the Western District of Texas, Austin Division on June 9, 2025. The case alleges that Cisco has infringed three patents owned by AMV related to its breakthrough Fibre Channel over Ethernet (FCoE) technology. The complaint asserts that certain of Cisco's networking and data center products, including at least its Unified Computing System and Converged Network Adapters (CNAs), infringe U.S. Patent Nos. 11,108,591, 11,310,077, and 11,303,473, which are directed to methods and systems enabling efficient transport of Fibre Channel traffic over Ethernet networks. AMV is seeking monetary damages for Cisco's past use of the patented technology, alleging that Cisco's unauthorized use of this innovation resulted in significant commercial benefit at the expense of AMV's proprietary rights. Alpha Modus CEO William Alessi stated, 'This lawsuit represents our unwavering commitment to protecting the intellectual property rights that form the foundation of technological leadership that AMOD holds interest in. We believe our shareholders deserve recognition and compensation for the unauthorized use of these innovations.' The case is styled Alpha Modus Ventures, LLC v. Cisco Systems, Inc., Civil Action No. 1:25-cv-00888, in the Western District of Texas. For more information and to access Alpha Modus' press room, visit: About Alpha Modus Holdings, Modus Holdings, Inc. (NASDAQ: AMOD) is a technology company focused on advancing retail intelligence and connectivity through innovative, patented AI-powered platforms. Alpha Modus Ventures, LLC holds foundational IP in data networking and retail technology that underpins the company's broader strategic initiatives. Forward-Looking StatementsThis press release includes 'forward-looking statements' within the meaning of the 'safe harbor' provisions of the United States Private Securities Litigation Reform Act of 1995. Alpha Modus's actual results may differ from their expectations, estimates, and projections, and, consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as 'expect,' 'estimate,' 'project,' 'budget,' 'forecast,' 'anticipate,' 'intend,' 'plan,' 'may,' 'will,' 'could,' 'should,' 'believes,' 'predicts,' 'potential,' 'continue,' and similar expressions (or the negative versions of such words or expressions) are intended to identify such forward-looking statements, but are not the exclusive means of identifying these statements. These forward-looking statements include, without limitation, Alpha Modus's expectations with respect to future performance. Alpha Modus cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Alpha Modus does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based. Contact Information Investor RelationsAlpha Modus Holdings, ir@ Follow us on LinkedIn | Follow us on X A photo accompanying this announcement is available at in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Post
10-05-2025
- Business
- Business Post
Thornhill House in Mount Merrion set for auction with €1.35m AMV
Residential Thornhill House in Mount Merrion set for auction with €1.35m AMV Tina-Marie O'Neill May 9, 2025 Thornhill House, a distinguished Georgian residence in Mount Merrion, Co Dublin
Zawya
05-05-2025
- Business
- Zawya
Money Fellows raises $13mln in strategic funding to enhance financial inclusion in Africa
Cairo – Money Fellows, Africa's leading fintech digital platform, has successfully raised $13 million in this new financing round. This strategic extension brings the total amount invested in the company to over $60 million USD since its inception. The new investment aims to enhance and upgrade the company's digital platform, especially as its user base expands to over 8.5 million users and it continues to collaborate with more than 350 local and regional partners. This new round of investment is co-led by Al Mada Ventures (AMV) and DPI Venture Capital via the Nclude Fund, with notable contributions from Partech, and CommerzVentures, all of which are dedicated to driving innovation across emerging markets. This investment is set to support the company's expansion into new markets and drive a major shift in traditional methods of saving, borrowing, and investing by digitizing these services and delivering them in a modern, secure way. The goal is to advance financial inclusion and enable millions of individuals to access innovative and efficient financial services. 'Money Fellows is a critical player in Africa's financial ecosystem, combining the power of community-based savings with cutting-edge fintech to create a seamless and scalable solution,' said Ahmed Wadi, Founder and CEO of Money Fellows. 'This investment is a testament to the potential we have to further our mission of empowering individuals, especially in underserved regions, to save, invest, and access credit in a cost-effective and impactful way.' 'ROSCA's (Rotating Savings and Credit Association) are very old financial arangements, with roots going back hundreds, if not thousands of years.' said Omar Laalej, Managing Director at AMV. 'AMV was impressed by the modernized version of this business that Money Fellows was able to build, positively impacting thousands of families in Egypt. We are excited to partner up with the team as they expand their horizon and capabilities. 'DPI believes that the future of financial services in Africa lies in innovation, and Money Fellows is leading the way by modernizing traditional savings systems,' said Mohamed Aladdin, General Partner at DPI Venture Capital. 'We are excited to partner with such a visionary company on a mission to enable seamless access to financial management tools to consumers in Egypt, and look forward to seeing them expand their impact across the Middle East and Africa.' 'We are proud to support Money Fellows in their efforts to bring digital financial services to more people across Africa,' said Cyril Collon, General Partner at Partech. 'Their platform is uniquely positioned to leverage traditional savings practices while incorporating modern technology to drive financial inclusion on a massive scale.' Patrick Meisberger, Managing Partner at CommerzVentures, added, 'The impact that Money Fellows is making in transforming savings practices is exactly the kind of innovation we're eager to support. By digitizing savings circles, they're not just changing the way people save – they're changing lives.' Founded in 2017 by Ahmed Wadi, Money Fellows has quickly established itself as a leader in the Fintech space. With this new funding, the company is poised to expand its operations into new markets, including North Africa, with a focus on Morocco, a key market for digital financial services. This growth is expected to be bolstered by major upcoming events such as the 2025 Africa Cup of Nations and the 2030 FIFA World Cup, which will significantly boost digital finance adoption across the region. About Money Fellows Money Fellows is a digital platform that modernizes Rotating Savings and Credit Associations (ROSCAs), a practice deeply rooted in African financial culture. With its easy-to-use mobile app, Money Fellows allows users to join savings circles, invest, and access credit in a secure, transparent, and efficient manner. To date, the platform has facilitated over $50 million in investments and supports 250,000 subscribers across multiple African countries. About Al Mada Ventures ( Al Mada Ventures is a Venture Capital Fund investing capital in scalable, sustainable, and innovative startups that have the power to reshape industries across the African continent. Fueled by a century-old African heritage and backed by 100% African capital, AMV supports visionary entrepreneurs that are developing and scaling transformative ideas for Africa and the world. About DPI Venture Capital ( DPI Venture Capital is the venture platform of Development Partners International (DPI), a leading pan-African investment firm managing over $3 billion in assets and active across more than 40 African and several Middle Eastern countries. DPI VC backs early to growth-stage technology companies, with a focus on fintech and fintech-enabled startups from Seed through Series C via the Nclude fund. With a presence in Cairo, Lagos, Dubai, and London, the platform brings deep operational expertise and a strong network to help founders scale across markets.
Irish Examiner
01-05-2025
- Business
- Irish Examiner
Little Island's EastGate Hall offices for sale for €1.6m
A fully let office investment that has a mix of tenants — in Cork's 1m sq ft mixed-use development EastGate — and promising a return of 8%, is up for sale to investors, likely to have an appeal to a party looking for strong pension income. Offered with a €1.6 m AMV, via joint agents Cohalan Downing and Cushman & Wakefield, is the office element of EastGate Hall, a detached building near the main retail park in the early 2000s-developed scheme done by O'Flynn Group, on 120 acres just a mile east of the Jack Lynch Tunnel and the Dunkettle interchange by Little Island. Offered for vendors the O'Flynn Group are EastGate Hall's office units 1B and 4 and 5 in the retail and business park, which has just over 1m sq ft of office and 250,000 sq ft of retail, with this detached building close to the retail occupiers anchored by Harvey Norman (who purchased the retail element/investment in its first Irish foray in 2022, paying a reported €24m): major tenants include The Range, Harvey Norman, EZ Living, and JYSK. Harvey Norman paid €24 million in 2022 for the EastGate Retail Park at Little Island, Cork. Picture: Eddie O'Hare The selling agents for EastGate Hall describe it as a mixed-use block with offices, as well as a creche, and café located at ground-floor level, all in separate ownership and not forming part of this investment sale, with income of €142,000 pa and having 32 parking spaces and further communal parking. A major regional employment hub, EastGate Business Park is off the N25 Waterford Rd, easily accessed from the M8/Dublin Rd and the Cork South Ring Rd network and the business park is considered one of Cork's main hubs, with neighbouring occupiers including Eli Lilly, with 135,000 sq ft, Gilead, Laya Healthcare, ESB International, Pepsi, and PE Global. There's also a convenience store, bank, cafes, adjacent Radisson hotel, and commuter rail link to Little Island. The office element at EastGate Hall has two access points leading to a recently refurbished reception hall, which is generous in size, with an 800 sq ft ground-floor suite occupied by McAdam Design, paying an annual rent of €15,000 pa on a five-year lease from 2024. The two first-floor suites are let to Acorn Life group in unit 4, who have 2,725 sq ft on a 10-year lease from 2018, paying a rent of €48,000, and NeoDyne Ltd in unit 5, which is 4,650 sq ft held on a 10-year lease from 2021, at a rent of €79,000 pa, with a break option in August 2026.. CDA's Margaret Kelleher and C&W's Sean Healy say 'all three suites produce a combined rent of €142,000 pa exclusive, with potential for rental growth at rent review/lease renewal' and add that the tenants are responsible for service charge and rates. At the price of €1.6m, the fully let investment reflects a net initial yield of 8% and at the lot size, and with a good tenant mix, the joint agents say they expect interest from parties for their pension/roperty portfolio. Meanwhile, for separate vendors, also offered at East Gate on a sale and leaseback is Unit 4C on EastGate Avenue, with 4,800 sq ft occupied by DPS Engineering, with a rent of €86,300 pa via Cushman & Wakefield, on a new ten 10-year lease, with a break option in 2028. Price guide here is €850,000. Previous investment sales at EastGate (excluding the retail park at €24m to Harvey Norman) included 3 EastGate Road in Q1 2023, for €4.1m, producing €337,000 pa. Details: mkelleher@ 021 427 7717 021 427 5454
Zawya
28-03-2025
- Business
- Zawya
African Forum on Mining Calls for Bold Action to Transform the Continent's Mineral Sector
The 3rd African Forum on Mining (AFM), held from March 19 to 21, 2025, at the African Union Commission's Headquarters, concluded with a strong call to action for African nations to harness their vast mineral wealth for sustainable development, industrialization, and economic transformation. Organized by the African Union (AU)'s African Minerals Development Centre (AMDC), the forum brought together key stakeholders, including government officials, private sector representatives, development partners, civil society, academia, artisanal and small-scale miners, and women and youth leaders in mining. A key takeaway from the forum was the reaffirmation of the Africa Mining Vision (AMV) as the guiding framework for the continent's mineral resource governance. Sixteen years after its adoption, the AMV's achievements were highlighted, particularly in policy development, geological and mineral information systems, support for artisanal and small-scale mining (ASM), and promoting minerals-based industrialization. The forum also emphasized the importance of reliable geological data for informed decision-making, with the African Green Minerals Observatory and the African Mineral Resource Classification and Management System (AMREC-PARC) identified as critical tools for harmonizing geological information and improving mineral governance. Participants stressed the need for a unified digital platform for geological data sharing and increased investment in geological mapping to support these efforts. The forum recognized the significant role of artisanal and small-scale mining (ASM) in Africa's economy and emphasized the need for formalization, improved access to financing, and value addition. Successful initiatives such as mercury-free gold extraction and the African Gemstone Jewellery Exhibition and Conference (AGJEC) were highlighted as models for inclusive mining development, particularly benefiting women and youth. The forum also noted with concern the slow progress in ratifying AMDC's legal framework, with only four AU member states having completed the process. Participants called for accelerated political engagement to strengthen AMDC's mandate and enhance its implementation capacity. A major milestone at the forum was the launch of the African Green Minerals Strategy (AGMS), a fundamental l step in advancing Africa's industrialization and electrification through green minerals. AGMS seeks to position Africa not just as a supplier of raw materials but as a hub for green industrialization and value addition. Another key outcome of the forum was a call for the African Union to launch a High-Level African Critical Minerals Diplomacy to ensure that the continent benefits from the surging global demand for critical green minerals. The proposed diplomacy aims to strengthen continental coordination, enhance Africa's bargaining power, and ensure that mineral agreements prioritize local value addition over raw material exports. It also seeks to promote responsible investment, transparency, and sustainability, safeguard environmental integrity and community rights, and establish strategic global partnerships that align with Africa's development goals. Speaking at the forum, Mrs. Ron Osman, Director of Industry, Minerals, Entrepreneurship, and Tourism (IMET) at the African Union Commission, pointed to the need for Africa to take control of its mineral wealth. "Africa holds the key to the world's ambitions for a just energy transition. Our continent is endowed with an unparalleled abundance of critical green minerals. However, the challenge lies in transforming this potential into equitable, sustainable growth for Africa while contributing to global progress. The African Green Minerals Strategy presents a unique opportunity for us to take control of our resources, move up the value chain, and drive industrialization for our people's prosperity." Highlighting Africa-Europe cooperation in the mining sector, Mr. Gianluca Azzoni, Head of Policy&Cooperation at the EU Delegation to the AU, remarked, "Africa and Europe stand at a defining moment in history—one where sustainable raw material partnerships can drive industrialization, value creation, and economic transformation. The EU is not just investing in Africa; we are investing with Africa—to ensure that critical minerals fuel Africa's development first while securing a resilient and responsible global supply chain for the future." In her closing remarks, Dr. Marit Kitaw, Interim Director of AU-AMDC, emphasized the urgency of translating discussions into action. She urged African governments to implement the forum's recommendations, strengthen institutional frameworks, and invest in mining sector industrialization. "This is not just a matter of economics. It is about sovereignty, justice, and the future of African youth. The African Mining Vision is our compass. The African Green Minerals Strategy is our roadmap. Now we need unified, high-level diplomacy to turn Africa's resource wealth into real, lasting development." The forum concluded with a commitment to developing a strategic roadmap for the next decade to guide AMV implementation, strengthen regional collaboration, and ensure that Africa's mineral wealth drives economic transformation for the benefit of all Africans. Distributed by APO Group on behalf of African Union (AU).
