Uncategorized
Gersan Elektrik Announces Strategic Collaboration Discussions with U.S.-Based SmartBolts
Istanbul, TurkeyGersan Elektrik Ticaret ve Sanayi A.Ş. (“Gersan Elektrik,” “Gersan” or the “Company”) (BIST: GEREL), a publicly traded Türkiye-based industrial company operating in the electrical sector and energy distribution solutions, announced that, following the Company’s disclosure through Türkiye’s Public Disclosure Platform, it has entered into a non-binding statement of intent with SmartBolts, a U.S.-based company organized […]
Istanbul, Turkey
Gersan Elektrik Ticaret ve Sanayi A.Ş. (“Gersan Elektrik,” “Gersan” or the “Company”) (BIST: GEREL), a publicly traded Türkiye-based industrial company operating in the electrical sector and energy distribution solutions, announced that, following the Company’s disclosure through Türkiye’s Public Disclosure Platform, it has entered into a non-binding statement of intent with SmartBolts, a U.S.-based company organized under the laws of the State of Maryland.
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The non-binding statement of intent provides a framework for the parties to continue discussions regarding a potential strategic collaboration relating to the manufacture, commercialization, distribution, financing and development of products and technologies within their respective markets. The contemplated discussions remain exploratory in nature and are subject to further legal, technical, financial, operational, regulatory and commercial review, due diligence, negotiation and approval.
SmartBolts develops and provides tension-indicating fastener solutions designed to display bolt tension through a visual indication system. SmartBolts’ technology is used to support the monitoring of critical bolted joints across industrial applications where installation reliability, inspection efficiency and maintenance visibility are important operational considerations.
The Company views the potential collaboration discussions with SmartBolts as part of its broader corporate development roadmap and its strategy to evaluate international business opportunities that may complement Gersan Elektrik’s core industrial activities, product capabilities and market access initiatives.
This development follows Gersan Elektrik’s recent announcement that it has initiated an application process for its shares to be cross-traded on the OTCQX Market in the United States. Taken together, the Company believes that these consecutive strategic initiatives reflect a coordinated approach to enhancing Gersan Elektrik’s visibility both in international capital markets and in selected real-sector business channels.
“Our recent OTCQX application and our discussions with SmartBolts represent complementary steps in Gersan Elektrik’s internationalization strategy,” said Erkan İzgi, Chairman of the Board of Gersan Elektrik. “As a company with a long-standing industrial base, we intend to pursue investment and growth initiatives that are aligned with our core business and supported by disciplined financial planning. We believe that international visibility must be built not only through capital markets communication, but also through business development initiatives that can strengthen the Company’s industrial platform over time. In this framework, we aim to continue evaluating opportunities that may contribute to Gersan Elektrik’s operational capabilities, global market access and long-term institutional positioning.”
Mr. İzgi continued: “Our objective is to advance with a prudent, transparent and sustainable growth approach. We will continue to assess potential international partnerships, technology-oriented collaborations and business development opportunities in a manner that remains consistent with our financial discipline, public disclosure obligations and shareholder communication standards.”
The non-binding statement of intent does not create a partnership, joint venture, agency, fiduciary relationship, exclusivity arrangement, non-compete obligation, intellectual property transfer, financing commitment or any obligation to manufacture, purchase, sell, distribute or market any products. Any future transaction between the parties would be subject to the execution of one or more definitive agreements approved by the parties and their respective legal, financial and corporate advisors.
Gersan Elektrik expects to continue communicating material developments through Türkiye’s Public Disclosure Platform and its official public reporting channels in accordance with applicable laws and regulations. The Company’s international investor communication activities are intended to provide context around publicly available information and are not intended to provide investment advice, price targets, trading recommendations or selective disclosure of material non-public information.
About Gersan Elektrik Ticaret ve Sanayi A.Ş.
Gersan Elektrik Ticaret ve Sanayi A.Ş. is a Türkiye-based publicly traded industrial company listed on Borsa Istanbul under the ticker GEREL. The Company operates in the electrical sector and provides products and solutions across energy distribution, busbar systems, cable tray and conveying systems, grounding systems, panel systems, electric vehicle charging systems, automation and lighting-related applications. For further information, please visit www.gersan.com.tr.
About SmartBolts
SmartBolts is a U.S.-based company focused on tension-indicating fastener technology. SmartBolts’ visual indication system is designed to provide real-time visibility into bolt tension through a color-changing indicator, supporting installation and inspection processes for critical bolted connections across a range of industrial applications. For further information, please visit www.smartbolts.com.
No Offer or Solicitation
This press release is for informational purposes only and does not constitute an offer to sell, or a solicitation of an offer to buy, any securities in the United States, Türkiye or any other jurisdiction. No securities may be offered or sold in any jurisdiction except pursuant to registration or an applicable exemption under applicable securities laws.
Forward-Looking Statements
This press release may contain forward-looking statements, including statements regarding potential strategic collaboration discussions, international business development opportunities, the Company’s OTCQX application, expected market visibility, investor communication strategy, potential future agreements and other plans or expectations. Forward-looking statements are based on current expectations and assumptions and are subject to risks and uncertainties, many of which are outside the Company’s control. Actual results, timing, approvals, agreements, market conditions and outcomes may differ materially. The Company undertakes no obligation to update any forward-looking statement except as required by applicable law.
Media Contact
Investor Relations Contact
Gersan Elektrik Ticaret ve Sanayi A.S.
Investor Relations
E-mail: [email protected]
Phone: +90 (216) 593 00 50
Website: www.gersan.com.tr
Uncategorized
Second Arrest Warrant Issued for “Vegas Dave” Oancea After Missed Debtor’s Exam in $30 Million Nevada Judgment; Bail Set at $1 Million
Las Vegas, NVDefendant skipped a court-ordered asset examination on Sept. 30; an earlier no-bail warrant followed a six-day contempt trial.
Defendant skipped a court-ordered asset examination on Sept. 30; an earlier no-bail warrant followed a six-day contempt trial.
Las Vegas, NV
A Nevada judge has issued a second bench warrant for the arrest of David Oancea, a Las Vegas sports betting personality known online as “Vegas Dave,” after he failed to appear for a court-ordered debtor’s examination on Sept. 30. Bail is set at $1 million.

The examination was part of efforts to collect a $30 million judgment against Oancea for breach of contract, defamation and business disparagement, won by Cabo Platinum, a Los Cabos luxury vacation rental company.
The case began with an injunction request after Cabo Platinum said Oancea was blocking paid vacation rental bookings. Nevada’s Eighth Judicial District Court agreed. When Oancea repeatedly disregarded court orders and injunctions, the court held a six-day contempt trial, found him in contempt and issued a no-bail bench warrant.
Oancea has not been taken into custody. His public social media posts show private-jet travel to destinations including Bora Bora and Thailand, with posts from a Thai island appearing around the time he was due in court.
Court records show Oancea swore under oath, in four declarations, that he personally owned three Cabo San Lucas homes. After the judgment was entered, he claimed the properties belong to his father. Those homes are now listed by agent Hamead Rashead of Selling Sur Real Estate, which did not respond to a request for comment.
“Two warrants, a $30 million judgment, and a courtroom he keeps declining to enter,” said Mishan Andre, Managing Partner of Cabo Platinum. “The court has given Mr. Oancea every opportunity to comply. We will keep pursuing this judgment until it is satisfied.”
Website: https://vegasdavelawsuit.com/
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Uncategorized
Artefact and BigID Announce New Partnership into North America to Secure the Data Foundations Behind Enterprise AI
New York, USAThe combination of BigID’s data security and AI data intelligence platform and Artefact’s AI Risk & Data Trust practice gives North American enterprises a single path from data exposure to governed, defensible
The combination of BigID's data security and AI data intelligence platform and Artefact's AI Risk & Data Trust practice gives North American enterprises a single path from data exposure to governed, defensible
New York, USA
Artefact, the global AI-first consultancy, and BigID, the data security, compliance, and AI data intelligence platform, today announced a new strategic partnership across North America.
The alliance adds BigID’s data discovery, classification, and security posture management layer to Artefact’s AI Risk & Data Trust practice, giving joint clients a path that starts with knowing where sensitive data actually lives and ends with an enforced, auditable AI governance program built on top of it.
This partnership responds to a risk many enterprises are only beginning to address: AI tools now reach more of the business’s data than security teams can see or control, from shared drives and SaaS systems to the files and prompts that power today’s AI agents. As sensitive data increasingly flows into AI systems without oversight, it runs into a fast-expanding wave of state data-security, breach-notification, and AI governance requirements. These exposures land on a CISO’s or general counsel’s desk directly, not as a line item in an AI governance policy.
“Enterprises want to move faster with AI, but they need confidence that sensitive data won’t end up in the wrong hands or the wrong AI workflow,” said Ian Williamson, SVP of Alliances at BigID. “BigID brings visibility and control over the data people and AI agents can access. Artefact brings the expertise to put those controls to work across the business. Together, we help customers build security into their AI programs from the start and keep pace as those programs grow.”
Artefact’s North American entity, led by Ghadi Hobeika, pairs regulatory and governance-architecture expertise with hands-on technical build, including policy-as-code implementation and MCP governance work for agentic AI systems, alongside advanced deployment partnerships with Google, Anthropic, and OpenAI.
Artefact was also named Google AI Partner of the Year in EMEA for two consecutive years and is among a select group of firms worldwide holding deployment certifications across all three major frontier AI platforms.
“Governance frameworks only work if you know what you’re governing,” said Ghadi Hobeika, CEO North America, Artefact. “BigID gives our clients the visibility and control layer; what sensitive data exists, where it lives, and who or what can reach it, including the AI systems now querying it directly. We build the program on top: executing the access controls, the audit trails, the operating model that turns visibility into an enforceable standard. This partnership lets us start engagements a step earlier and hand clients something more defensible at the end.”
Co-delivering AI trust and security
The partnership combines BigID’s Data Security Platform, including Data Security Posture Management (DSPM), AI Security Posture Management, DSPM-Augmented DLP, Data Access Governance, and AI Governance, with Artefact’s implementation capabilities across the data security and AI-readiness lifecycle: data discovery and classification, access governance design, AI data-exposure assessment, DLP and DSPM policy tuning, and integration into broader AI governance and automated decision-making technology (ADMT) programs already underway at client organizations.
As part of the expanded relationship, Artefact has also been certified as a BigID reseller for North America, allowing Artefact-led engagements to include BigID licensing directly under a single commercial relationship, reducing procurement friction for clients who want one accountable partner for both the technology and the delivery.
The substance of the partnership is the delivery model: joint methodology, cross-trained technical teams, and Artefact staff operating the BigID platform as part of broader AI Risk & Data Trust engagements, not a standalone software resale motion.
“The conversation about AI governance has gotten ahead of the conversation about data,” said Paul Laurent, Head of AI Risk & Data Trust, Artefact. “You cannot write a credible AI policy for data you haven’t classified, or attest to controls over access paths you haven’t mapped. This partnership lets us close that gap for clients before it turns up as a finding in their next audit.”
The partnership includes joint go-to-market programs, coordinated client enablement, and delivery teams cross-trained across both platforms, extending Artefact’s AI Risk & Data Trust practice down into the data security layer it depends on.
About Artefact
Artefact is a leading AI-native consulting and engineering firm that bridges the gap between visionary strategy and production-grade delivery to reshape the future of work. Headquartered in Paris and leading the market across Europe, our global force of 2,500+ professionals across 27 countries helps the world’s top brands turn AI potential into massive, measurable value. Since 2014, our team has moved past the pilot phase to design, build, and scale high-impact AI programs and agentic workflows for over 1,000 global clients, including some of the world’s most recognizable brands.
In North America, our specialized AI Risk & Data Trust practice works with enterprise clients in financial services, insurance, healthcare, and technology to build the crucial governance infrastructure required to deploy AI responsibly at scale. Backed by Cinven, Artefact holds advanced deployment partnerships with industry giants Google, Anthropic, and OpenAI, and was proudly named Google AI Partner of the Year in EMEA for two consecutive years. This is where top-tier consulting meets engineering-grade execution to build a smarter, more responsible, and more productive tomorrow.
For more information, visit artefact.com
About BigID
BigID helps organizations connect the dots in data & AI: for security, governance, privacy, compliance, and AI data management. BigID enables customers to find, understand, manage, protect, and take action on high-risk & high-value data, wherever it lives. Customers use BigID to reduce their AI & data risk, automate security and privacy controls, achieve compliance, and understand their data throughout their entire data landscape: from the cloud, on-prem, and everywhere in between. BigID has been recognized for innovation as a World Economic Forum Technology Pioneer; named to the Forbes Cloud 100; the Inc 5000 for 4 consecutive years; the Deloitte 500 for 4 consecutive years; Market Leader in Data Security Posture Management (DSPM); and an RSA Innovation Sandbox winner.
For more information, visit bigid.com
Media Contact Details
Dalyce Semko
ExpandCommunication
Email: Send Email
Phone: 4038693259
Website: expandcommunication.com
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NovaChargeX Unveils XDriveMax™, a New Hybrid Energy Architecture Designed for the AI Infrastructure Era
SAN FRANCISCO, CAProtected standalone-capable technology developed to enhance existing energy systems and support growing power demand from AI data centers, industrial facilities and next-generation infrastructure
Protected standalone-capable technology developed to enhance existing energy systems and support growing power demand from AI data centers, industrial facilities and next-generation infrastructure
SAN FRANCISCO, CA
The rapid expansion of artificial intelligence, data centers and electrified infrastructure is creating a growing challenge for the global energy sector: how to provide reliable, scalable electricity while existing grids, renewable resources and generation assets continue to face capacity, efficiency and reliability constraints.

For NovaChargeX, this challenge represents more than a market opportunity. It reflects the growing need for new energy technologies and different approaches to how energy systems are designed, integrated and enhanced.
NovaChargeX has developed XDriveMax™, a protected hybrid regenerative energy architecture designed to operate as a standalone system or integrate with existing energy infrastructure. The technology is intended to expand energy-system capabilities in environments that may already include grid electricity, solar, wind, battery storage or other generation resources.
Unlike technologies designed around a single operating configuration, XDriveMax™ provides flexibility across multiple applications. It can function independently where a standalone energy architecture is required or be deployed within existing energy environments to support broader system performance without requiring the replacement of infrastructure already in operation.

This flexibility reflects NovaChargeX’s focus on developing new energy architectures rather than simply introducing another source of electricity. The company has designed XDriveMax™ as a technological platform capable of operating independently while also complementing existing and emerging energy systems.
The significance of this approach is becoming increasingly clear as global electricity demand accelerates.
Modern AI data centers require substantial and continuous electrical power, often operating around the clock. Reliability, availability and resilience have therefore become central considerations for developers, utilities and infrastructure operators seeking to support expanding computational workloads.
Meeting future energy requirements will likely require multiple technologies working together, alongside architectures capable of operating independently when necessary. Existing generation assets and electric grids will continue to play a critical role, while additional technologies can contribute greater flexibility, integration and capacity to support the expansion of high-demand infrastructure.
Within this evolving environment, NovaChargeX is pursuing a clear objective: bringing XDriveMax™ into commercial applications supporting AI computing facilities, data centers, industrial operations, commercial developments and other energy-intensive infrastructure through either standalone deployment or integration with broader energy systems.
The company is actively exploring commercial deployments, strategic partnerships and integration opportunities across multiple international markets as it advances commercialization of the XDriveMax™ platform.

Rather than positioning the technology solely as a replacement solution, NovaChargeX is focused on environments where its hybrid regenerative architecture can provide independent capability or work alongside existing infrastructure to expand the flexibility and resilience of broader energy systems.
NovaChargeX is also developing the NCX digital infrastructure layer alongside XDriveMax™ to support deployment authorization, operational data management, system coordination and future infrastructure administration across installations.
NovaChargeX’s technology is supported by intellectual-property filings and protections in the United States and other jurisdictions, forming part of the company’s strategy to establish and commercialize its proprietary energy architecture internationally.
As demand from AI infrastructure, advanced manufacturing facilities and other energy-intensive industries continues to grow, generation capacity, reliability, system integration and intelligent energy management are becoming increasingly interconnected.
NovaChargeX intends to participate in this transition by bringing a new energy architecture to market—one designed to operate independently when required and to work alongside the energy infrastructure already being built and deployed around the world.
The company’s next chapter is therefore not simply about supplying more energy. It is about expanding the ways energy can be generated, integrated and managed for a new generation of power-intensive infrastructure.
About NovaChargeX
NovaChargeX is a U.S.-based energy technology company developing XDriveMax™, a protected hybrid regenerative energy architecture designed to operate as a standalone system or enhance existing and emerging energy systems, together with the NCX digital infrastructure layer. The company focuses on deploying and integrating its technology across industrial, commercial and next-generation infrastructure applications.
NCX Infrastructure Layer: www.novachargex-ncx.com
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NovaChargeX
Email: Send Email
Website: www.novachargex.com
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