TRACCOM INC. (Pink Open Market Symbol: TRCC) COMPLETES ACQUISITION OF VULCAIN, INC.
Traccom Inc. (TRCC) has acquired all capital stock of Vulcain Inc. on November 13, 2024. The transaction involved issuing 117,813,680 shares of Traccom common stock, representing 95% of fully diluted shares. Vulcain, now Traccom's main operating subsidiary, added three board members including Greg Duffell as CEO, President and CFO. Vulcain specializes in Causal AI solutions, serving leading US CPG brands with plans to expand into Insurance, Healthcare, and Financial Services. The company's platform uses causal machine learning algorithms and domain experts to provide predictive outcomes for business risks and opportunities.
Traccom Inc. (TRCC) ha acquisito tutte le azioni ordinarie di Vulcain Inc. il 13 novembre 2024. La transazione ha comportato l'emissione di 117.813.680 azioni ordinarie di Traccom, rappresentando il 95% delle azioni completamente diluite. Vulcain, ora la principale filiale operativa di Traccom, ha aggiunto tre membri al consiglio di amministrazione, tra cui Greg Duffell come CEO, Presidente e CFO. Vulcain è specializzata in soluzioni di Causal AI, servendo importanti marchi statunitensi del settore CPG con piani di espansione nel settore assicurativo, sanitario e dei servizi finanziari. La piattaforma dell'azienda utilizza algoritmi di machine learning causale e esperti del settore per fornire risultati predittivi sui rischi e sulle opportunità aziendali.
Traccom Inc. (TRCC) ha adquirido todas las acciones ordinarias de Vulcain Inc. el 13 de noviembre de 2024. La transacción implicó la emisión de 117.813.680 acciones ordinarias de Traccom, lo que representa el 95% de las acciones totalmente diluidas. Vulcain, ahora la principal filial operativa de Traccom, agregó tres miembros a la junta, incluyendo a Greg Duffell como CEO, Presidente y CFO. Vulcain se especializa en soluciones de Causal AI, sirviendo a las principales marcas de CPG de EE. UU. con planes de expansión en seguros, atención médica y servicios financieros. La plataforma de la empresa utiliza algoritmos de aprendizaje automático causal y expertos en el dominio para proporcionar resultados predictivos sobre riesgos y oportunidades comerciales.
Traccom Inc. (TRCC)는 2024년 11월 13일 Vulcain Inc.의 모든 자본 주식을 인수했습니다. 이 거래에는 Traccom 보통주 117,813,680주를 발행하는 것이 포함되었으며, 이는 완전 희석 주식의 95%를 나타냅니다. Vulcain은 이제 Traccom의 주요 운영 자회사로서, CEO, 사장, CFO인 Greg Duffell을 포함한 세 명의 이사를 추가했습니다. Vulcain은 인과 AI 솔루션을 전문으로 하며 미국의 주요 CPG 브랜드에 서비스를 제공하며 보험, 의료 및 금융 서비스로의 확장을 계획하고 있습니다. 회사의 플랫폼은 인과적 기계 학습 알고리즘과 도메인 전문가를 사용하여 비즈니스 위험과 기회에 대한 예측 결과를 제공합니다.
Traccom Inc. (TRCC) a acquis toutes les actions ordinaires de Vulcain Inc. le 13 novembre 2024. La transaction a impliqué l'émission de 117.813.680 actions ordinaires de Traccom, représentant 95 % des actions entièrement diluées. Vulcain, maintenant la principale filiale opérationnelle de Traccom, a ajouté trois membres au conseil d'administration, notamment Greg Duffell en tant que PDG, Président et CFO. Vulcain est spécialisée dans les solutions d'IA causale, servant des marques leaders de CPG aux États-Unis, avec des projets d'expansion dans les secteurs de l'assurance, de la santé et des services financiers. La plateforme de l'entreprise utilise des algorithmes d'apprentissage automatique causal et des experts du domaine pour fournir des résultats prédictifs sur les risques et les opportunités commerciales.
Traccom Inc. (TRCC) hat am 13. November 2024 alle Stammaktien von Vulcain Inc. übernommen. Die Transaktion umfasste die Ausgabe von 117.813.680 Stammaktien von Traccom, was 95% der vollständig verwässerten Aktien entspricht. Vulcain, nun die wichtigste Betriebsgesellschaft von Traccom, hat drei Mitglieder in den Vorstand aufgenommen, darunter Greg Duffell als CEO, Präsident und CFO. Vulcain ist auf Causal AI-Lösungen spezialisiert und bedient führende US CPG-Marken mit Plänen zur Expansion in Versicherungs-, Gesundheits- und Finanzdienstleistungen. Die Plattform des Unternehmens nutzt kausale Machine-Learning-Algorithmen und Fachexperten, um prädiktive Ergebnisse zu Geschäftsriskiken und -chancen zu liefern.
- Acquisition provides immediate entry into the growing AI solutions market
- Existing revenue stream from CPG sector clients
- Planned expansion into multiple high-value sectors (Insurance, Healthcare, Financial Services)
- Enhanced access to capital through public market presence
- Significant shareholder dilution with 95% of shares issued to Vulcain shareholders
- Complete management replacement indicating potential integration challenges
Upon completion of the transaction on November 13, 2024, Vulcain shareholders were issued 117,813,680 shares of common stock of Traccom in exchange for the acquisition of
With the transaction, Vulcain added three members to the Traccom board of directors, with Greg Duffell as CEO, President and CFO, Peter Stockmann as President of the
This marks a significant milestone for Vulcain. The company will broaden its market presence in the growing opportunity for Artificial Intelligence (AI) based data solutions. "Trading as a public entity on the Pink Open Market is an important step for Vulcain as we continue to evolve and expand our reach within the Causal AI and Knowledge Management sector," said Greg Duffell, CEO of Traccom. "This transaction will provide us with greater access to capital, enhance our visibility in the marketplace, and allow more investors to participate in our growth story."
Becoming a publicly traded company will allow Vulcain to enhance their visibility. This reflects the company's commitment to increasing shareholder value and advancing its corporate growth strategy in Causal AI and Knowledge Management space.
Former Traccom CEO and continuing Board member, Harry Steck stated, "For Traccom's shareholders, this transaction provides the opportunity to be invested in one of today's most exciting industries with an impressive technology and management team."
Vulcain has commercialized casual AI solutions across various industries including leading US brands in the Consumer-Packaged Goods (CPG) sector to generate annual recurring revenues (ARR) for the company. Vulcain is planning a next phase of expansion into Insurance, Healthcare, Financial Services and other industries. Vulcain uses causal machine learning algorithms and human domain experts to provide high quality causal features necessary for an accurate AI solution. Vulcain's Causal AI Platform includes causal reasoning models to provide predictive outcomes that identify and explain event risks and opportunities for businesses. Vulcain will continue to focus on bringing human domain knowledge into AI solutions and driving value for organizations seeking to unleash the knowledge from their vast amounts of data, content and domain expertise.
Key Highlights:
- Trading Symbol: TRCC
- Market Segment: Pink Open Market
- Sector: Technology, AI
About Traccom, Inc.
The company is at the intersection of human and artificial intelligence, leading the charge to AI 3.0 with high value feature solutions for business. Vulcain's Causal AI platform is used for harmonizing, testing, and validating data for extracting and commercializing knowledge. The Vulcain platform combines hundreds of millions of AI ready data sets and human domain knowledge to provide a ready to use solution that can be customized, scaled and adapted for customer use-cases and human intervention. With a commitment to human-AI, excellence, sustainability, and customer-centric solutions, the company believes that it is poised for long-term growth and success in the global AI marketplace.
For more information about the company and its wholly owned subsidiary Vulcain, Inc., visit www.vulcain.ai.
Forward-Looking Statements
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SOURCE Traccom Inc
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