Ai-Media Unveils AI-driven LEXI 3.0: The Future of Live Automatic Captioning

LEXI 3.0

Introducing the latest release LEXI, the world’s most advanced automatic captioning solution. With cutting edge features and unmatched accuracy, LEXI revolutionizes automatic captioning to deliver results that rival human captions at a fraction of the cost.

SYDNEY, Australia, May 03, 2023 (GLOBE NEWSWIRE) — Ai-Media, the global leader in professional captioning solutions, is proud to announce the launch of LEXI 3.0, the new and improved version of its flagship live automatic captioning solution. With cutting-edge enhancements and new features, LEXI 3.0 is the world’s most accurate and advanced automatic captioning solution, delivering results that rival human captions at a fraction of the cost.

Independent audits confirm that LEXI 3.0 consistently delivers results with 35% fewer recognition, formatting, and punctuation errors than the previous version.

Critically, LEXI 3.0 introduces new automated features, including speaker identification and AI-powered caption placement to avoid on-screen interference. Average quality results have increased significantly from 98.2% to 98.7% NER with this release.

LEXI 3.0 is an affordable on-demand solution perfect for live captioning a wide range of content types – from linear TV broadcast, OTT, Live Sports, and live streams, to meetings, events, lectures, and more.

Ai-Media’s Co-Founder and CEO, Tony Abrahams, said:

“20 years in the making, we’ve finally cracked the holy grail of making live automatic captioning a reality. LEXI 3.0 is a game-changer. We’re seeing accelerating adoption of automatic captioning driven by a significant increase in quality, reduction in latency, and release of new AI features that previously required manual intervention, such as speaker changes and placement of captions to not obscure important visuals.

“LEXI 3.0 is available immediately for existing Ai-Media customers at no additional cost and is delivered with any iCap Encoder (hardware, Alta, and Falcon) connected to Ai-Media’s iCap Cloud Network.”

To learn more about LEXI 3.0, click here.

About Ai-Media

Founded in Australia in 2003, technology company Ai-Media is a global leader in the provision of high-quality live and recorded captioning, transcription, and translation solutions. The company helps the world’s leading broadcasters, enterprises, and government agencies ensure high accuracy, secure and cost-effective captioning via its AI-powered LEXI automatic captioning solution and end-to-end range of captioning hardware. Globally, Ai-Media technology delivers 7 million minutes of live and recorded media content, online events, and web streams every month. Ai-Media (ASX: AIM) commenced trading on the ASX on 15 September 2020. For more information on Ai-Media please visit Ai-Media.tv.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0907bea0-b62d-4701-9a16-a712c101c4fe

Media Contact:
Fiona Habben
Senior Marketing Manager – Global
+61 411 727 592
fiona.habben@ai-media.tv

GlobeNewswire Distribution ID 8831119

Sanofi-Aventis Pakistan Limited Faces Stock Drop as Substantial Shareholder Sells Shares

Karachi, Sanofi-Aventis Pakistan Limited, a leading pharmaceutical company, has been hit by news of a substantial shareholder selling shares. Sanofi Foreign Participations B.V., a substantial shareholder in the company, has sold 5,099,469 shares at a rate of 940.00 per share, according to a disclosure of interest report.

The transaction was executed on April 28th, 2023, and the form of share certificates was CDC NOM. Sanofi Foreign Participations B.V. is the parent company of Sanofi Pakistan Limited, which holds a 46.4% stake in Sanofi-Aventis Pakistan Limited.

Sanofi-Aventis Pakistan Limited’s Substantial Shareholders Make Major Purchases

Karachi, the disclosure of interest, two substantial shareholders of Sanofi-Aventis Pakistan Limited announced significant purchases of shares in the company. On April 28th, 2023, Packages Limited and JGJ Investments (Pvt.) Ltd, both substantial shareholders in the pharmaceutical company, executed buy transactions in which they purchased a total of 3,939,813 shares at a rate of PKR 940.00 per share.

Packages Limited acquired 3,375,666 shares, while JGJ Investments (Pvt.) Ltd purchased 566,147 shares. The transactions were executed through the Central Depository Company (CDC) in the form of NOM certificates.

Octopus Digital Limited Granted 30-day Extension for Filing First Quarterly Accounts

Karachi, Octopus Digital Limited, a leading digital solutions company, has been granted an extension of 30 days by the Securities and Exchange Commission of Pakistan (SECP) for the filing of its first quarterly accounts for the period ended March 31, 2023.

The extension granted by the SECP will enable us to ensure that our financial statements are prepared accurately and in a timely manner," said the company spokesperson.

Lalpir Power Limited Credits Final Cash Dividend of 20% to Shareholders

Karachi, Lalpir Power Limited has announced the electronic credit of its final cash dividend of Rs. 2 per share, i.e. 20% for the year ended 2022-12-31, into the designated bank accounts of its shareholders on May 3, 2023. The company, which operates a 362 MW oil-fired power plant in Mehmood Kot, Muzaffargarh, has a history of consistently rewarding its investors through regular dividends.

National Foods Limited Discloses Interest by Substantial Shareholder in Share Transactions

Karachi, National Foods Limited has disclosed the interest of a substantial shareholder in recent share transactions. Arisaig India Fund Limited, a substantial shareholder of the company, has executed two transactions involving the sale of a total of 1,290,000 shares of National Foods Limited.

According to the disclosure, the first transaction was executed on April 27, 2023, where Arisaig India Fund Limited sold 250,000 shares of the company at a rate of 97.33. The second transaction was executed on April 28, 2023, where Arisaig India Fund Limited sold 1,040,000 shares of the company at a rate of 98.28.

The shares were sold through the Central Depository Company (CDC) in the form of non-object able material (NOM). The market for the shares is not disclosed in the disclosure.

The disclosure of interest by substantial shareholders in share transactions is a common practice by listed companies to ensure transparency and maintain investor confidence. National Foods Limited remains committed to providing timely and accurate information to its investors and stakeholders.

The company's stock price closed at PKR 103.65 on May 6, 2023, up by 0.44% from the previous day's closing price. The impact of the disclosed share transactions on the company's stock price remains to be seen.

Kohinoor Textile Mills Limited Buys Back 1.5 Million Shares

Karachi, Kohinoor Textile Mills Limited has successfully bought back 1.5 million of its own shares at Rs. 52.25 per share in a trading session on May 03, 2023. This purchase is pursuant to the Special Resolution passed in the Extraordinary General Meeting held on March 03, 2023.

The buyback of shares is a strategy used by companies to increase shareholder value by reducing the number of outstanding shares in the market. This, in turn, can increase earnings per share and improve the company's financial ratios.

The company's decision to buy back its own shares is an indication of its confidence in its current financial standing and future growth potential. It is also a sign that the company is committed to investing in its own growth and development.

Attock Cement Pakistan to Sell 60% Share Capital of Saqr Al-Keetan for Cement Production Company Limited

Karachi, Attock Cement Pakistan Limited has announced that an Extraordinary General Meeting (EOGM) of the shareholders will be held on May 25, 2023, to seek approval for the sale of its 60% share capital of Saqr Al-Keetan for Cement Production Company Limited. The sale will be made to two buyers, Mr. Abdul Lateef Mohsin Al Geetan, an Iraqi national, and M/s Lamassu Babylon General Trading Company, a company incorporated under the laws of Dubai, UAE.

According to the resolution to be passed at the EOGM, the buyers will purchase 50% of the sale shares each, which represents 9,000,000 shares each. The sale consideration for each buyer is USD 11,700,000, and the sale will be made in accordance with the terms of the Share Purchase Agreement.

The approval of the shareholders is also sought for the Company to enter into the Share Purchase Agreement with the buyers for the sale of the Sale Shares representing 60% of the shares held by the Company in Saqr-Al-Keetan against the sale price.

The Register of members and share transfer books of the Company will remain closed from May 18, 2023, to May 25, 2023, both days inclusive.

Company releases Annual Report for 2022, available on website

Karachi, The Annual Report of the Company for the year ended 2022-12-31 has been transmitted and is now available on the company's website. The report provides an overview of the company's financial performance and other important information from the past year.

The report includes a detailed analysis of the company's revenue and earnings, as well as information on key business activities and initiatives. It also includes a statement from the CEO outlining the company's goals for the coming year and a report from the Board of Directors on the company's governance and risk management practices.

Ibrahim Holdings Purchases Shares in Listed Company

Karachi, Ibrahim Holdings (Pvt.) Limited, a substantial shareholder in a listed company, has disclosed the purchase of shares in the company through several transactions in the past week. According to the disclosure, Ibrahim Holdings purchased a total of 56,800 shares of the listed company at rates ranging from 200.00 to 218.57.

The first transaction was executed on April 28, 2023, when Ibrahim Holdings bought 10,000 shares of the company at a rate of 200.00. The remaining transactions were executed on May 2, 2023, where the company bought 100 shares at 209.95, 4,100 shares at 210.00, 1,500 shares at 211.00, 100 shares at 218.50, and 40,200 shares at 218.57.

Avanceon Limited Granted 30-Day Extension for Filing of First Quarterly Accounts

Karachi, The Securities and Exchange Commission of Pakistan (SECP) has granted Avanceon Limited an extension of 30 (thirty) days for the Filing of First Quarterly Accounts for the period ended 31 March 2023.

Avanceon Limited is a leading technology solution provider that offers services to clients across various sectors including oil and gas, power, and manufacturing. The company has a track record of delivering innovative and cutting-edge solutions to its clients, which has earned it a reputation as a trusted partner.

The extension of 30 days in filing the first quarterly accounts will allow Avanceon Limited to prepare and submit its financial reports in a timely and accurate manner. The company is committed to maintaining the highest standards of corporate governance and transparency, and this extension will enable it to meet its reporting obligations in a responsible and efficient manner.