Ethical Web AI announces our new Chief Executive Officer – Manfred Ebensberger, with a shareholder update
Ethical Web AI (OTC: BBLR) has appointed Manfred Ebensberger as its new CEO. The company announced several strategic objectives, including raising substantial investment capital within six months, increasing revenue from their AI Seek product, rolling out their Ethical Web Search (EWS) platform pilot projects, and planning a Nasdaq uplist in 2025. The company's EWS platform is based on their US Patent 10977387, independently valued at $4.7bn. They are currently negotiating with three potential community licensees for pilot projects and expect to sign a distribution contract for AI Seek in the coming weeks. The company also revealed that a major technology company has expressed interest in potential future alliances.
Ethical Web AI (OTC: BBLR) ha nominato Manfred Ebensberger come nuovo CEO. L'azienda ha annunciato diversi obiettivi strategici, tra cui il reperimento di un capitale di investimento consistente entro sei mesi, l'aumento delle entrate derivanti dal loro prodotto AI Seek, il lancio di progetti pilota per la piattaforma Ethical Web Search (EWS) e la pianificazione di un listino su Nasdaq nel 2025. La piattaforma EWS dell'azienda si basa sul loro brevetto statunitense 10977387, valutato indipendentemente 4,7 miliardi di dollari. Attualmente stanno negoziando con tre potenziali licenziatari comunitari per progetti pilota e prevedono di firmare un contratto di distribuzione per AI Seek nelle prossime settimane. L'azienda ha anche rivelato che una grande compagnia tecnologica ha manifestato interesse per potenziali alleanze future.
Ethical Web AI (OTC: BBLR) ha nombrado a Manfred Ebensberger como su nuevo CEO. La compañía anunció varios objetivos estratégicos, incluyendo la captación de capital de inversión significativo en seis meses, el aumento de ingresos a partir de su producto AI Seek, el lanzamiento de proyectos piloto para su plataforma de Ethical Web Search (EWS), y la planificación de una listado en Nasdaq en 2025. La plataforma EWS de la empresa se basa en su patente estadounidense 10977387, valorada de manera independiente en 4.7 mil millones de dólares. Actualmente están negociando con tres posibles licenciantes comunitarios para proyectos piloto y esperan firmar un contrato de distribución para AI Seek en las próximas semanas. La empresa también reveló que una gran compañía de tecnología ha expresado interés en posibles alianzas futuras.
윤리적 웹 AI (OTC: BBLR)가 새로운 CEO로 만프레드 에벤스베르거를 임명했습니다. 이 회사는 향후 6개월 이내에 상당한 투자 자금을 조달하고, AI Seek 제품의 수익을 증가시키며, 윤리적 웹 검색(EWS) 플랫폼의 파일럿 프로젝트를 진행하고, 2025년 나스닥 상장 계획을 포함한 여러 전략적 목표를 발표했습니다. 이 회사의 EWS 플랫폼은 미국 특허 10977387에 기반하고 있으며, 독립적으로 47억 달러로 평가되었습니다. 현재 파일럿 프로젝트를 위해 세 개의 잠재적인 커뮤니티 라이센스 계약자와 협상 중이며, AI Seek의 배급 계약을 앞으로 몇 주 내에 체결할 것으로 기대하고 있습니다. 또한 이 회사는 한 주요 기술 회사가 미래의 잠재적인 제휴에 관심을 표명했다고 밝혔습니다.
Ethical Web AI (OTC: BBLR) a nommé Manfred Ebensberger comme nouveau PDG. L'entreprise a annoncé plusieurs objectifs stratégiques, y compris le levée de capital d'investissement substantiel dans les six mois, l'augmentation des revenus de leur produit AI Seek, le lancement de projets pilotes pour leur plateforme Ethical Web Search (EWS), et la planification d'un cotation en bourse sur le Nasdaq en 2025. La plateforme EWS de l'entreprise est basée sur leur brevet américain 10977387, évalué indépendamment à 4,7 milliards de dollars. Ils sont actuellement en négociations avec trois licenciés communautaires potentiels pour les projets pilotes et s'attendent à signer un contrat de distribution pour AI Seek dans les semaines à venir. L'entreprise a également révélé qu'une grande entreprise technologique avait exprimé son intérêt pour de futures alliances potentielles.
Ethical Web AI (OTC: BBLR) hat Manfred Ebensberger als neuen CEO ernannt. Das Unternehmen kündigte mehrere strategische Ziele an, darunter die Beschaffung eines erheblichen Investitionskapitals innerhalb von sechs Monaten, die Steigerung der Einnahmen aus ihrem AI Seek-Produkt, die Einführung von Pilotprojekten für ihre Ethical Web Search (EWS) Plattform und die Planung eines NASDAQ-Listings im Jahr 2025. Die EWS-Plattform des Unternehmens basiert auf ihrem US-Patent 10977387, das unabhängig mit 4,7 Milliarden USD bewertet wurde. Derzeit verhandeln sie mit drei potenziellen kommunalen Lizenziaten für Pilotprojekte und erwarten, in den kommenden Wochen einen Vertriebsvertrag für AI Seek zu unterzeichnen. Das Unternehmen gab auch bekannt, dass ein großes Technologieunternehmen Interesse an möglichen zukünftigen Allianzen gezeigt hat.
- US Patent 10977387 independently valued at $4.7bn
- AI Seek product expected to generate significant revenue through upcoming distribution contract
- Three potential community licensees in negotiations for EWS platform pilots
- Major technology company expressed interest in potential alliance
- Strategic plan for Nasdaq uplist in 2025
- Requires substantial new investment capital to transform from development to revenue-driven business
- Current low market visibility and brand recognition
- No current significant revenue generation
NEW YORK, Oct. 25, 2024 (GLOBE NEWSWIRE) -- Bubblr Inc., d/b/a Ethical Web AI (OTC: BBLR) - a frontrunner in ethical technology determined to revolutionize the digital domain, has announced its new CEO, Manfred Ebensberger.
Before joining Bubblr, Mr. Ebensberger held senior roles in European investment firms, serving as Managing Director and Asset Manager for Ultra-High-Net-Worth Individuals (UHNWIs). He also served as CEO of a luxury Italian fashion brand in New York. Earlier in his career, Mr. Ebensberger was managing director for several US investment companies and an assistant professor at the University of Innsbruck, Austria. Manfred holds a degree from the University of Innsbruck, Austria, from the University of Venice, Italy and completed a certificate in General Business Studies at UCLA. He is a seasoned professional committed to the vision and direction of the company.
Steve Morris, CTO and founder of Ethical Web AI remarked, "I am delighted to welcome Manfred as our CEO. Manfred is a highly experienced executive who has a proven track record as the CEO of a publicly listed company, which he led to a very successful buy-out. We have been speaking to Manfred for quite some time, and both parties are in agreement that Manfred is the perfect CEO at this critical point in the company's development."
"Our biggest challenge has been our ability to describe succinctly what our platform does and why it is so revolutionary. Now that the platform is demonstrable, this makes our many years of work understandable, applicable and ultimately profitable. Manfred will lead us into the next stage of our revenue-positive corporate development. It has taken years in the making, but we are finally at a point where we have a product that will change the way we all use and utilize the internet."
"Our last press release in August 2024 made clear the massive significance of finally delivering our ethical Web Search (EWS) platform to the point where it is demonstrable. It has taken many years of development to build the EWS platform, and it is the technical manifestation of our US Patent 10977387, which has been independently valued at
Raising substantial new investment capital
Within the next six months, we plan to raise significant new investment capital. This capital is required to transform the company from a technology development company to a fast-growing, revenue-driven business. There are many conversations currently underway with a number of important investors that we expect to be concluded in the next few months.
Significantly increase revenue from AI Seek.
Our generative AI product, AI Seek, is capable of generating significant revenues and is very profitable. We intend to sign a distribution and marketing contract in the next few weeks that will deliver very significant new revenues before the end of the year.
We already consider AI Seek to be demonstrably superior to Chat GPT in many ways. In particular, AI Seek is unique in that it is totally anonymous for consumers to use. This unique aspect of AI Seek allows us to develop a version of AI Seek that can be safely used by children under direct parental control. A "child-safe" generative AI application will obviously be hugely popular.
Oversee the rollout of the EWS platform to our first pilot projects.
We are currently negotiating with a number of potential community licensees to pilot our EWS platform. There are three candidates, and all three are very keen to be the first early adopter. Again, we will be signing our first deal in the next few weeks, and we will make announcements as they happen. The pilot project(s) will provide the necessary learnings required to automate the onboarding of new licensees to the platform entirely. Once we have fully automated the onboarding process, we will begin the global adoption of the product using the tried and tested open-source SaaS model.
Organic uplist to Nasdaq in 2025
We have a strategic plan to organically uplist Nasdaq in 2025. In order to qualify for Nasdaq, we need revenues and adequate cash reserves in the bank. The cash reserves will be secured primarily through further external investment capital. Both the revenues and the capital raise are eminently achievable.
The Nasdaq uplist provides a number of significant benefits for the company and its shareholders. We are certain that we have the most significant and valuable technology that the world has ever witnessed. However, hardly anyone has ever heard of the company. The Nasdaq uplist delivers much more visibility of the company and its products. It provides a platform to showcase our company to both the investment community and retail users.
Pursue our expected exit plan through acquisition.
The founder and CTO, Steve Morris, has always maintained that the most likely final exit strategy would be that it would be acquired (or its critical assets acquired) by a global technology business to ensure its global adoption. Ethical Web AI is more like a startup pharmaceutical company that has developed a world-beating drug. Such a company knows it will be acquired by one of the global pharma giants. However, acquisition opportunities were not expected to arise before we were uplisted to Nasdaq. In recent developments, a major technology company has expressed interest in communicating with the company regarding potential future alliances.
It is clear that our new CEO, Manfred Ebensberger, has a lot to do in the next few months, but he has the complete suite of expertise, knowledge and full support of everyone in the company to help him deliver. We expect to issue many more press releases in the coming weeks.
About Ethical Web AI:
Ethical Web AI is an ethical technology company that is championing an anonymous, safe, and fair new internet. We are producing unique intellectual property and technology that is made defensible by our valuable utility software patents.
Visit the new AI Seek website at: https://www.aiseek.ai.
If you are an AI Seek user, make sure to add desktop integration by going to the page https://desktop.aiseek.ai/
For more information about our Company and products, please visit our website at https://www.ethicalweb.ai.
Media Contact:
Steve Morris
Bubblr, Inc.
(646) 814 7184
Safe Harbor Statement
This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. These forward-looking statements are based on the current plans and expectations of management and are subject to a number of uncertainties and risks that could significantly affect the Company's current plans and expectations, as well as future results of operations and financial condition. The Company reserves the right to update or alter its forward-looking statements, whether as a result of new information, future events or otherwise.
FAQ
What is the value of Ethical Web AI's (BBLR) US Patent 10977387?
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