Latest news with #Spectral
Associated Press
3 days ago
- Business
- Associated Press
Spectral Capital Corporation Outlines Significant Business Upgrades Ahead of Planned NASDAQ Up-listing
SEATTLE, June 3, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTC: FCCN) today announced a series of major corporate upgrades and strategic initiatives as it prepares for an up-listing to the Nasdaq Stock Market. These developments, spanning corporate governance, technological collaboration, and growth strategy, are designed to strengthen Spectral's foundation and accelerate its momentum toward high-growth and innovation. Key Initiatives Underway Include: Enhanced Board Governance: Appointment of new independent directors and formation of formal Audit and Corporate Governance committees to meet higher exchange standards. This move bolsters oversight and aligns the Company's governance with Nasdaq's rigorous requirements. World-Class Board Expertise: Invitations extended to distinguished luminaries in technology and science – including two Nobel Prize laureates – to join Spectral's Board of Directors. By infusing world-class expertise at the board level, Spectral is reinforcing its commitment to scientific innovation and strategic guidance at the highest level. Quantum Computing Partnership: Ongoing negotiations with a leading Ivy League-affiliated quantum computing accelerator to expand development of Spectral's software and IP in classical-hybrid computing (integrating quantum and classical computing). This partnership is expected to fast-track the Company's R&D in quantum algorithms and intellectual property, positioning Spectral at the forefront of next-generation computing advances. Aggressive Acquisition Strategy: A focused plan to acquire small yet promising enterprise software companies and dramatically scale their performance by integrating Spectral's patents, trade secrets, and platform technologies into their products. This 'buy and build' strategy aims to rapidly grow both revenue and profit within acquired businesses by leveraging Spectral's cutting-edge innovations. Strategic Acquisitions Fueling Growth As part of this acquisition-driven growth strategy, Spectral is actively expanding its portfolio with synergistic businesses: White Label Loyalty Investment (May 2025): In May, Spectral announced a strategic $15 million investment in UK-based White Label Loyalty (WLL), a customer engagement and loyalty platform. This transaction – funded through pending Spectral's $25 million equity facility – provides significant growth capital for WLL's global expansion and product innovation. It exemplifies Spectral's approach of pairing capital with technology expertise to unlock value in high-potential software companies. Upcoming Healthcare Software Acquisition: Next month, Spectral plans to announce the acquisition of a healthcare-oriented software company, further demonstrating the versatility of its platform technologies across industries. This forthcoming acquisition will mark the Company's entry into the healthcare software sector, where Spectral's proprietary tech and IP can be applied to drive innovation and operational improvements. Through these acquisitions, Spectral intends to infuse each subsidiary with its advanced technologies – from quantum-inspired algorithms to AI-driven data analytics – to drive substantial top-line revenue growth and bottom-line efficiency gains across the board. The Company's patent-protected tools and trade secrets will enable acquired products to differentiate and scale, benefiting customers and shareholders alike. As Spectral Capital Corporation advances toward its planned Nasdaq up-listing, these transformative initiatives underscore its evolution into a high-growth technology innovator with a disciplined, acquisition-driven strategy. By enhancing governance, forming pioneering partnerships, and integrating its proprietary technologies across industries, Spectral is laying the groundwork for sustainable value creation. The Company remains committed to delivering cutting-edge solutions, driving shareholder returns, and redefining the frontier of innovation in enterprise and emerging technologies. About Spectral Capital Corporation (OTC: FCCN): Spectral Capital Corporation is a technology development and investment firm focused on identifying and supporting emerging growth companies with scalable platforms and global potential. Spectral brings a robust IP portfolio approaching 500+ patents, operational experience, strategic guidance, and long-term capital to transformative ventures in sectors such as quantum computing, artificial intelligence, and enterprise software. Founded in 2000 and headquartered in Seattle, Spectral's mission is to accelerate innovation and value creation across its portfolio. Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as 'expects,' 'will,' 'intends,' 'plans,' 'believes,' 'anticipates,' 'hopes,' 'estimates,' and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. View original content to download multimedia: SOURCE Spectral Capital Corporation
Yahoo
22-05-2025
- Business
- Yahoo
Spectral Capital Targets 500 Patents by June 30, 2025
SEATTLE, May 22, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTCQB: FCCN) today announced it has completed 16 new provisional patent applications, expanding its total patent portfolio to 120. These recent filings – many at the cutting edge of machine learning and quantum computing – reinforce Spectral's aggressive innovation strategy. The company also unveiled an ambitious goal of reaching 500 patents by June 30, 2025, a target that would establish Spectral as one of the most prolific patent holders in quantum computing and ultra high-performance AI systems (including autonomous driving technologies). Key Highlights: Patent Portfolio Growth: 16 new provisional patent applications filed, bringing Spectral's total patent assets to 120. This bolsters Spectral's position at the forefront of quantum computing and AI innovation Quantum + AI Breakthroughs: Many of the latest patents focus on the intersection of quantum computing and machine learning, a convergence poised to drive ultra high-performance AI systems (from advanced cybersecurity to real-time autonomous driving, decision-making). Expanded R\&D Team: Spectral has engaged 3 veteran technologists (experts in AI and quantum research) and engaged outside patent counsel to accelerate IP development. Management believes this expanded team will help achieve 500 patentable innovations by June 30, 2025, by streamlining the path from lab discoveries to patent filings. Industry-Leading Ambition: With a 500-patent target, Spectral aims to build one of the largest intellectual property portfolios in the hybrid quantum-classical computing industry. Hitting this goal would position Spectral among the top patent holders in its sector, rivaling or surpassing many well-known quantum computing companies and AI startups in portfolio size. Pioneering Patents at the Quantum–AI Intersection Spectral's new patent applications underscore its focus on innovations that blend quantum computing with artificial intelligence. These include novel algorithms, architectures, and hardware designs that leverage quantum principles to boost AI performance. By applying quantum machine learning techniques to high-demand applications – for example, improving the real-time sensor processing and decision-making of self-driving cars – Spectral is pushing the envelope of what ultra high-performance AI systems can achieve. This concentrated effort in quantum-AI R\&D not only opens avenues for breakthrough products but also strengthens Spectral's intellectual property moat in these fast-evolving fields. "Our expanding patent portfolio underscores Spectral's commitment to pioneering next-generation solutions in quantum computing and AI," said Jenifer Osterwalder, Chief Executive Officer of Spectral Capital. "Each new patent application represents a step toward integrating quantum technology into everyday AI systems, from safer autonomous vehicles to more secure cloud computing. With 120 patents now and a clear line of sight to 500 by June 2025, we're securing our inventions and solidifying Spectral's leadership at the intersection of these transformative technologies." Team Expansion Fuels Accelerated Innovation To drive this rapid pace of innovation, Spectral has significantly strengthened its development team. The company recently engaged three seasoned experts with deep experience in quantum computing, machine learning, and high-performance computing system design. In addition, Spectral has engaged a leading patent law firm as external counsel to support the patent drafting and prosecution process. Spectral's management believes that combining new in-house expertise with outside specialized counsel will greatly increase the throughput of patentable ideas from the lab to the patent office. "By augmenting our team with proven innovators and partnering with top patent counsel, we're creating an IP engine that can deliver on our goal of 500 patents," noted Osterwalder. The company expects this bolstered capability to streamline the conversion of R\&D breakthroughs into protected intellectual property, keeping pace with Spectral's aggressive timeline. Management is confident that the expanded team can help achieve the 500-patent goal by June 30, 2025, turning Spectral's vision of an unprecedented patent portfolio into reality. Leading the Patent Race in Quantum Computing and AI With 120 patents already in its portfolio, Spectral now stands out as one of the most IP-rich startups in the quantum computing and advanced AI arena. For context, many dedicated quantum computing companies have far smaller patent libraries – for example, Rigetti Computing's portfolio numbered around 110 patents as of 2022, and IonQ's about 164 patents. Spectral's rapid progress, largely enabled by its acquisition of 104 patentable innovations last year and continued in-house development, has swiftly pushed it past several peers. If Spectral reaches its 500-patent objective, it would rival the patent holdings of long-established industry players. D-Wave Systems, one of the earliest quantum computing companies, has roughly 500 total patents in its portfolio. Even tech giants like Microsoft have on the order of 500 quantum computing patents. Spectral's mid-2025 target would put its patent count in the same league – an extraordinary feat for an emerging company. By contrast, many AI-focused startups file relatively few patents (for instance, OpenAI has filed only 6 patents globally to date), highlighting how Spectral's strategy of vigorous patent development sets it apart from the pack. This leadership in IP accumulation is more than a numbers game: it signals Spectral's determination to dominate key technological domains. The company's patents span critical areas from quantum-enhanced AI algorithms and quantum cybersecurity to autonomous driving systems and beyond. Spectral's recent strategic foray into the self-driving car sector – including a stake in a top-100 global AI autonomous driving innovator – aligns with its patent focus on high-performance AI; several new filings are expected to support breakthroughs in safer, smarter autonomous vehicles. By securing broad patent protection now, Spectral is positioning itself as a premier innovator and intellectual property leader in both quantum computing and next-generation AI, well ahead of many competitors. About Spectral Capital Corporation Spectral Capital Corporation is a publicly traded deep technology platform company at the forefront of the quantum computing revolution. The company specializes in Quantum-as-a-Service (QaaS) solutions, developing a sustainable green cloud computing infrastructure, unhackable quantum databases, and advanced quantum chip technologies. Spectral's innovations target a range of industries – from telecommunications and cybersecurity to artificial intelligence and clean energy – with a vision of delivering decentralized, ultra-secure, and scalable computing power. With its flagship Vogon™ cloud platform and a rapidly growing patent portfolio, Spectral is committed to driving the future of hybrid classical-quantum computing and enabling the next wave of high-performance AI applications. Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For more information, please visit Spectral Capital. View original content to download multimedia: SOURCE Spectral Capital Corporation Error 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
Yahoo
22-05-2025
- Business
- Yahoo
Spectral Capital Targets 500 Patents by June 30, 2025
SEATTLE, May 22, 2025 /PRNewswire/ -- Spectral Capital Corporation (OTCQB: FCCN) today announced it has completed 16 new provisional patent applications, expanding its total patent portfolio to 120. These recent filings – many at the cutting edge of machine learning and quantum computing – reinforce Spectral's aggressive innovation strategy. The company also unveiled an ambitious goal of reaching 500 patents by June 30, 2025, a target that would establish Spectral as one of the most prolific patent holders in quantum computing and ultra high-performance AI systems (including autonomous driving technologies). Key Highlights: Patent Portfolio Growth: 16 new provisional patent applications filed, bringing Spectral's total patent assets to 120. This bolsters Spectral's position at the forefront of quantum computing and AI innovation Quantum + AI Breakthroughs: Many of the latest patents focus on the intersection of quantum computing and machine learning, a convergence poised to drive ultra high-performance AI systems (from advanced cybersecurity to real-time autonomous driving, decision-making). Expanded R\&D Team: Spectral has engaged 3 veteran technologists (experts in AI and quantum research) and engaged outside patent counsel to accelerate IP development. Management believes this expanded team will help achieve 500 patentable innovations by June 30, 2025, by streamlining the path from lab discoveries to patent filings. Industry-Leading Ambition: With a 500-patent target, Spectral aims to build one of the largest intellectual property portfolios in the hybrid quantum-classical computing industry. Hitting this goal would position Spectral among the top patent holders in its sector, rivaling or surpassing many well-known quantum computing companies and AI startups in portfolio size. Pioneering Patents at the Quantum–AI Intersection Spectral's new patent applications underscore its focus on innovations that blend quantum computing with artificial intelligence. These include novel algorithms, architectures, and hardware designs that leverage quantum principles to boost AI performance. By applying quantum machine learning techniques to high-demand applications – for example, improving the real-time sensor processing and decision-making of self-driving cars – Spectral is pushing the envelope of what ultra high-performance AI systems can achieve. This concentrated effort in quantum-AI R\&D not only opens avenues for breakthrough products but also strengthens Spectral's intellectual property moat in these fast-evolving fields. "Our expanding patent portfolio underscores Spectral's commitment to pioneering next-generation solutions in quantum computing and AI," said Jenifer Osterwalder, Chief Executive Officer of Spectral Capital. "Each new patent application represents a step toward integrating quantum technology into everyday AI systems, from safer autonomous vehicles to more secure cloud computing. With 120 patents now and a clear line of sight to 500 by June 2025, we're securing our inventions and solidifying Spectral's leadership at the intersection of these transformative technologies." Team Expansion Fuels Accelerated Innovation To drive this rapid pace of innovation, Spectral has significantly strengthened its development team. The company recently engaged three seasoned experts with deep experience in quantum computing, machine learning, and high-performance computing system design. In addition, Spectral has engaged a leading patent law firm as external counsel to support the patent drafting and prosecution process. Spectral's management believes that combining new in-house expertise with outside specialized counsel will greatly increase the throughput of patentable ideas from the lab to the patent office. "By augmenting our team with proven innovators and partnering with top patent counsel, we're creating an IP engine that can deliver on our goal of 500 patents," noted Osterwalder. The company expects this bolstered capability to streamline the conversion of R\&D breakthroughs into protected intellectual property, keeping pace with Spectral's aggressive timeline. Management is confident that the expanded team can help achieve the 500-patent goal by June 30, 2025, turning Spectral's vision of an unprecedented patent portfolio into reality. Leading the Patent Race in Quantum Computing and AI With 120 patents already in its portfolio, Spectral now stands out as one of the most IP-rich startups in the quantum computing and advanced AI arena. For context, many dedicated quantum computing companies have far smaller patent libraries – for example, Rigetti Computing's portfolio numbered around 110 patents as of 2022, and IonQ's about 164 patents. Spectral's rapid progress, largely enabled by its acquisition of 104 patentable innovations last year and continued in-house development, has swiftly pushed it past several peers. If Spectral reaches its 500-patent objective, it would rival the patent holdings of long-established industry players. D-Wave Systems, one of the earliest quantum computing companies, has roughly 500 total patents in its portfolio. Even tech giants like Microsoft have on the order of 500 quantum computing patents. Spectral's mid-2025 target would put its patent count in the same league – an extraordinary feat for an emerging company. By contrast, many AI-focused startups file relatively few patents (for instance, OpenAI has filed only 6 patents globally to date), highlighting how Spectral's strategy of vigorous patent development sets it apart from the pack. This leadership in IP accumulation is more than a numbers game: it signals Spectral's determination to dominate key technological domains. The company's patents span critical areas from quantum-enhanced AI algorithms and quantum cybersecurity to autonomous driving systems and beyond. Spectral's recent strategic foray into the self-driving car sector – including a stake in a top-100 global AI autonomous driving innovator – aligns with its patent focus on high-performance AI; several new filings are expected to support breakthroughs in safer, smarter autonomous vehicles. By securing broad patent protection now, Spectral is positioning itself as a premier innovator and intellectual property leader in both quantum computing and next-generation AI, well ahead of many competitors. About Spectral Capital Corporation Spectral Capital Corporation is a publicly traded deep technology platform company at the forefront of the quantum computing revolution. The company specializes in Quantum-as-a-Service (QaaS) solutions, developing a sustainable green cloud computing infrastructure, unhackable quantum databases, and advanced quantum chip technologies. Spectral's innovations target a range of industries – from telecommunications and cybersecurity to artificial intelligence and clean energy – with a vision of delivering decentralized, ultra-secure, and scalable computing power. With its flagship Vogon™ cloud platform and a rapidly growing patent portfolio, Spectral is committed to driving the future of hybrid classical-quantum computing and enabling the next wave of high-performance AI applications. Forward-Looking Statements This press release contains forward-looking statements (as defined in Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended) concerning future events and FCCN's growth and business strategy. Words such as "expects," "will," "intends," "plans," "believes," "anticipates," "hopes," "estimates," and variations on such words and similar expressions are intended to identify forward-looking statements. Although FCCN believes that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to have been correct. These statements involve known and unknown risks and are based upon a number of assumptions and estimates that are inherently subject to significant uncertainties and contingencies, many of which are beyond the control of FCCN. Actual results may differ materially from those expressed or implied by such forward-looking statements. Factors that could cause actual results to differ materially include, but are not limited to, changes in FCCN's business; competitive factors in the market(s) in which FCCN operates; risks associated with operations outside the United States; and other factors listed from time to time in FCCN's filings with the Securities and Exchange Commission. FCCN expressly disclaims any obligations or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in FCCN's expectations with respect thereto or any change in events, conditions or circumstances on which any statement is based. For more information, please visit Spectral Capital. View original content to download multimedia: SOURCE Spectral Capital Corporation Error 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
Hamilton Spectator
16-05-2025
- Business
- Hamilton Spectator
Spectral Medical to Present at the 3rd Annual H.C. Wainwright BioConnect Investor Conference
TORONTO, May 16, 2025 (GLOBE NEWSWIRE) — Spectral Medical Inc. ('Spectral' or the 'Company') (TSX: EDT), a late-stage theranostic company advancing therapeutic options for sepsis and septic shock, today announced that management will participate in a fireside chat at the 3rd Annual H.C. Wainwright BioConnect Investor Conference, on Tuesday, May 20, 2025 at 11:30 a.m. ET at the Nasdaq headquarters in New York City, New York. Investors interested in scheduling a meeting with the Company's management team should contact their H.C. Wainwright representative or email meetings@ . About Spectral Spectral is a Phase 3 company seeking U.S. FDA approval for its unique product for the treatment of patients with septic shock, Toraymyxin™ ('PMX'). PMX is a therapeutic hemoperfusion device that removes endotoxin, which can cause sepsis, from the bloodstream and is guided by the Company's FDA cleared Endotoxin Activity Assay (EAA™), the clinically available test for endotoxin in blood. PMX is approved for therapeutic use in Japan and Europe and has been used safely and effectively over 360,000 times to date. In March 2009, Spectral obtained the exclusive development and commercial rights in the U.S. for PMX, and in November 2010, signed an exclusive distribution agreement for this product in Canada. In July 2022, the U.S. FDA granted Breakthrough Device Designation for PMX for the treatment of endotoxic septic shock. Approximately 330,000 patients are diagnosed with septic shock in North America each year. The Tigris Trial is a confirmatory study of PMX in addition to standard care vs standard care alone and is designed as a 2:1 randomized trial of 150 patients using Bayesian statistics. Endotoxic septic shock is a malignant form of sepsis . The trial methods are detailed in ' Bayesian methods: a potential path forward for sepsis trials '. Spectral is listed on the Toronto Stock Exchange under the symbol EDT. For more information, please visit Forward-looking statement Information in this news release that is not current or historical factual information may constitute forward-looking information within the meaning of securities laws. Implicit in this information, particularly in respect of the outlook of Spectral and anticipated events or results, are assumptions based on beliefs of Spectral's senior management as well as information currently available to it. While these assumptions were considered reasonable by Spectral at the time of preparation, they may prove to be incorrect. Readers are cautioned that actual results are subject to a number of risks and uncertainties, including the availability of funds and resources to pursue R&D projects, the successful and timely completion of clinical studies, the ability of Spectral to take advantage of business opportunities in the biomedical industry, the granting of necessary approvals by regulatory authorities as well as general economic, market and business conditions, and could differ materially from what is currently expected. The TSX has not reviewed and does not accept responsibility for the adequacy or accuracy of this statement. For further information, please contact:
Yahoo
07-05-2025
- Business
- Yahoo
CACI's Mission-Critical Technology will Accelerate the Delivery of Electronic Warfighting Capabilities to the U.S. Navy's Existing Fleet
RESTON, Va., May 07, 2025--(BUSINESS WIRE)--CACI International Inc (NYSE: CACI) announced today that it has been awarded additional work by the U.S. Navy to procure enhancements to the current fielded Shipboard Information Warfare Exploit system under its existing contract for Spectral, a next-generation shipboard signals intelligence (SIGINT), electronic warfare (EW), and information operations (IO) weapon system. These new Spectral Enabling Kits (SEKs) will bring additional functionality and improvements to the Navy's EW capabilities for the system that is currently deployed on warships. "Today's threats are evolving at a rapid pace. Our innovative, software-defined solutions—which are open, modular, and scalable—empower our Navy to command dominance across every domain," said John Mengucci, CACI President and Chief Executive Officer. "With this latest award, we continue to iterate toward the next-gen future state, by accelerating the Navy's objective to rapidly and efficiently deploy mission-critical EW capabilities to sailors around the globe." The $143 million firm-fixed-price delivery order represents a new phase of work on the CACI's existing Spectral contract with the Naval Information Warfare Systems Command (NAVWAR) which is authorized with a $1.2 billion ceiling value. The order demonstrates the Navy's solid commitment toward convergence of future capabilities and serves as a testimony to CACI's robust ability to deliver incremental, iterative functionality that can be rapidly deployed to keep our nation safe. "These enabling kits will establish immediate capability to address current, new and emerging threats to the existing surface fleet in this highly complex and contested environment. They also make it increasingly clear that the Navy intends to fully realize the value and potential of its comprehensive, multi-domain Spectral mission and vision," Mengucci said. About CACI At CACI International Inc (NYSE: CACI), our 25,000 talented and dynamic employees are ever vigilant in delivering distinctive expertise and differentiated technology to meet our customers' greatest challenges in national security. We are a company of good character, relentless innovation, and long-standing excellence. Our culture drives our success and earns us recognition as a Fortune World's Most Admired Company. CACI is a member of the Fortune 1000 Largest Companies, the Russell 1000 Index, and the S&P MidCap 400 Index. For more information, visit us at There are statements made herein which do not address historical facts, and therefore could be interpreted to be forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. Such statements are subject to factors that could cause actual results to differ materially from anticipated results. The factors that could cause actual results to differ materially from those anticipated include, but are not limited to, the risk factors set forth in CACI's Annual Report on Form 10-K for the fiscal year ended June 30, 2024, and other such filings that CACI makes with the Securities and Exchange Commission from time to time. Any forward-looking statements should not be unduly relied upon and only speak as of the date hereof.
