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ALFI has appointed new senior leadership members, with Peter Bordes stepping in as interim CEO, David Gardner as CTO, and Jim Lee as Chairman of the Board. Bordes brings over 30 years of experience in media and advertising, previously leading Kubient through an IPO. Gardner, with over 20 years in software development, transitions from VP of Engineering, while Lee, the largest shareholder, has extensive executive experience in the aerospace sector. This leadership change aims to enhance operational excellence and increase shareholder value as ALFI continues to innovate in digital out-of-home advertising.
Alfi (NASDAQ:ALF) highlights a significant shift in the Digital Out of Home (DOOH) advertising sector, as 85% of executives express concern over ethical standards. Research from Alfi indicates the DOOH market was valued at approximately $41.06 billion in 2020, with projections to reach between $50 billion and $55 billion by 2026. Alfi's technology ensures compliance with GDPR, CCPA, and HIPAA by detecting behavior without collecting personal data. The company aims to lead a privacy-conscious advertising revolution, addressing ethical concerns in the industry.
Alfi (NASDAQ:ALF) reports a significant shift towards Digital Out of Home (DOOH) advertising, projected to comprise 36% of total OOH ad spend in 2021. A study reveals 17% of senior executives foresee DOOH spending exceeding 50% by year-end. Key areas for budget reallocations include traditional media, with 71% citing television, 58% online, and 46% newspapers. Post-Covid-19, 97% expect increased spending on DOOH ads this year, with 85% anticipating at least a 10% rise. This trend signals robust growth within the digital advertising landscape.
Alfi, Inc. (NASDAQ:ALF) announced a partnership with Vistar Media to enhance programmatic advertising capabilities. This collaboration enables advertisers to access Alfi's extensive inventory, projected to exceed $500 million by 2022, through Vistar's supply-side platform. With programmatic advertising expected to surpass $150 billion by the end of 2021, the partnership aims to streamline ad delivery and measurement. Alfi's innovative technologies will support targeted campaigns, thereby improving ROI for advertisers.
Alfi (NASDAQ:ALF) reports a growing trend in Digital Out of Home Advertising (DOOH), expected to rise from 28.3% of OOH ad spend in 2019 to over 33% by 2025. The global DOOH market was valued at approximately $41.06 billion in 2020, with projections to reach $50-$60 billion by 2026. Key benefits driving this growth include added variety (56% of executives expect increased importance), enhanced campaign relevancy (53%), and fewer restrictions (51%). Alfi aims to provide transparency and accountability in digital advertising.
Alfi, Inc. (NASDAQ:ALF) is expanding its footprint in the digital out-of-home advertising sector, recently shipping 10,000 advertising tablets to rideshare drivers across 14 U.S. cities. This initiative highlights Alfi's commitment to leveraging artificial intelligence to provide targeted advertising solutions in an ethical manner. Prominent Canadian tennis player Vasek Pospisil, who is also an investor in Alfi, was spotted with CEO Paul Pereira at the US Open, underscoring the company's growing visibility. For more details, visit getalfi.com.
Alfi, Inc. (Nasdaq:ALF) announced a significant expansion of its partnership with All-Niter, increasing the production of digital tablets for installation in Ubers and Lyfts across 14 cities in the U.S. Following a prior agreement in June, Alfi's demand has led All-Niter to enhance its capabilities, including adding 48 new 3D printers and expanding operations by 5000 sq. ft. This move aims to keep pace with Alfi's production needs over the next 12 months, reflecting a strong commitment to fulfilling growing advertising demands.
Alfi, Inc. (NASDAQ:ALF) has announced a collaboration with Lemma, a leading programmatic Digital Out of Home (DOOH) network, to enhance advertising services globally. Joint implementations are already in progress at Denver International Airport and Indira Gandhi International Airport. Lemma boasts an installed base of over 150,000 screens across 15 countries, generating 10 billion impressions monthly. This partnership aims to leverage Alfi's AI-driven platform for improved data reporting and analytics, aligning with a market projected to grow significantly in the coming years.
Alfi, Inc. (NASDAQ: ALF) announced a partnership with a major programmatic exchange to enhance programmatic digital media spending. The collaboration offers a unified interface for advertisers, allowing improved management and reporting of ad campaigns. With programmatic advertising expected to exceed $150 billion by the end of 2021, Alfi's advertising inventory is projected to surpass $500 million by the end of 2022. This partnership aims to streamline campaign execution and provide real-time analytics, benefiting advertisers with improved ROI and audience insights.
Alfi, Inc. (NASDAQ:ALF) announced its participation in the Benzinga Reopening Stocks Summit on August 18-19, 2021. CEO Paul Pereira will engage in a fireside chat on August 19 at 11:30 am ET, discussing key topics such as organic growth strategies, revenue ramp-up in rideshares, and acquisition strategies. The event will be interactive, allowing real-time audience questions. Attendees are encouraged to pre-register for a free spectator pass to enhance their experience. Alfi specializes in ethical AI-driven advertising solutions.
