Monthly Archives: November 2018

New peer-review study confirms Bt brinjal reduces pesticides and benefits farmers in Bangladesh

Scientists confirm that the Bacillus thuringiensis (Bt) gene confers near-total protection against the eggplant fruit and shoot borer, thereby protecting one of South Asia’s most economically and culturally important crops from damage. In recent field trials, scientists report that farmers who cultivate Bt brinjal reduce insecticide use and increase their yields. More than 27,000 farmers in Bangladesh cultivate ther four Bt brinjal varieties released for commercial production by the Bangladeshi government in 2013.

DAKA, BANGLADESH, Nov. 21, 2018 (GLOBE NEWSWIRE) — The first replicated field trials comparing genetically modified eggplant varieties with their non-GM counterparts in Bangladesh have confirmed that the Bt gene confers almost total protection against this vital crop’s most damaging pest.

The field trials were carried out in the Bogra district of Bangladesh by a joint Bangladeshi-US team of researchers. The results are published in the Nov. 21 issue of the open-source peer-reviewed scientific journal PLoS One.

Eggplant, known as brinjal in South Asia, is an economically and culturally important crop in the region. Its most severe insect pest is the eggplant fruit and shoot borer (EFSB), which can cause up to 80 percent yield loss in Bangladesh.

“This study confirms with good statistical evidence that Bt brinjal can indeed help reduce the dependence of Bangladeshi farmers on insecticides to protect their brinjal crop,” said Anthony Shelton, entomologist at Cornell University, corresponding author of the PLoS One paper, and principal investigator for the $4.8 million, three-year U.S. Agency for International Development (USAID) grant that supports the Feed the Future South Asia Eggplant Improvement Partnership.

Feed the Future is a partnership of Cornell University, the Bangladesh Agricultural Research Institute (BARI), the University of the Philippines at Los Banos, the Cornell Alliance for Science and USAID. It is working to advance agricultural productivity and sustainability among smallholder farmers.

The latest results, conducted in 2016-17 by the On-Farm Research Division (OFRD) of BARI, confirm that all four Bt brinjal varieties grown currently in Bangladesh are effective in protecting against EFSB. Researchers reported 0-2 percent infestation in Bt brinjal varieties, as compared to 36-45 percent infestation in non-Bt isolines (the same varieties but without the Bt gene).

“EFSB is the major pest of brinjal throughout Bangladesh and cannot be controlled well even with weekly spraying,” said the study’s senior author, Dr. M.Z.H. Prodhan of BARI. “This study clearly demonstrates the excellent control of EFSB these four lines of Bt brinjal provide, even when no sprays are applied. We now have studies underway that will help provide us with information on how to control secondary pests, such as mites and whiteflies, so farmers can maximize their gross returns and minimize their use of insecticides.”

Historically, virtually all brinjal farmers in Bangladesh have relied solely on insecticide sprays to control BFSB, with farmers applying as many as 84 insecticide sprays during the growing season. As an alternative to insecticides, four brinjal varieties carrying the Bt gene were released to farmers in Bangladesh in 2013.

The field trials also confirm that reduced insecticide sprays and increased yields should allow Bangladeshi farmers to earn higher economic margins on the genetically modified Bt brinjal than on conventional varieties, even where sprays are used to control BSFB and other insect pests.

For example, in one of the two annual field trials, all four Bt brinjal varieties showed a positive gross margin, even when no insecticide sprays were applied. In contrast, only two of the non-Bt isolines that were sprayed showed a positive gross margin when sprayed and only one of the unsprayed non-Bt isolines showed a positive gross margin.

“This shows that Bt brinjal can achieve its main aim, which is to improve the livelihoods of smallholder farmers in a developing country while also protecting the environment by reducing insecticide sprays,” Shelton noted.

In agreement with numerous other studies of the ecological impact of the Bt gene in different crops, the tests also indicated that Bt brinjal had no impact on non-target beneficial arthropods, such as lady beetles and spiders.

Four Bt brinjal varieties were approved for release by the Bangladeshi government in October 2013, and first distributed to 20 farmers in 4 districts in January 2014, making Bangladesh a pioneer in the world in allowing the commercial cultivation of a genetically engineered vegetable crop. Adoption has increased dramatically since then with Bt brinjal now grown by more than 27,000 farmers across all districts of Bangladesh.


Linda McCandless
Cornell University 

Tony Shelton
Cornell University

Copyright © 2018 GlobeNewswire, Inc.

The Majority Of The World’s Best Education Systems Are In Asia: The Best Schools Are Future Proofing Their Approach

JAKARTA, Indonesia, Nov. 21, 2018 (GLOBE NEWSWIRE) — The Indonesia Economic Forum hosted a conference today on Connecting Indonesia: A New Five-Year Agenda to discuss key priorities for the nation over the next five years.

Panel speakers including Jaspal Sidhu, Founder & Chairman of SIS Group of Schools, and representatives of the Indonesian Ministry of Education and Culture discussed how to meet the challenges of tomorrow by future proofing education with a focus on STEAM fields: science, technology, engineering, art, and mathematics.

“At SIS we not only have extremely high standards in STEAM, our students are recognised by the Outstanding Cambridge Learner Award for national and world top marks,” states Jaspal Sidhu. “However, we believe that academic discipline should be combined with a modern learning environment that builds character. This is extremely important as we do not know what challenges children will face in the future.”

How can parents prepare children for an uncertain tomorrow when many of the jobs of the future do not even exist today?

According to the World Economic Forum’s Future of Jobs Report 2018 the skills required to perform most jobs in 2022 will have shifted towards more analytical thinking and active learning1.

Skills growing in prominence include technology design but increasing demand for technology is only part of the story. Many of the “human” skills required today will increase in importance in the future2.

The education systems of the 34 democratic nations represented at the Organization for Economic Cooperation and Development (OECD) are evaluated and ranked every few years.

Using the comparative science, reading and mathematics proficiency of 15-year-old students, the OECD’s Programme for International Student Assessment (PISA) rankings are dominated by Asia Pacific education systems3.

The top four places in the OECD PISA rankings go to Singapore, Hong Kong (China), Japan and Macao (China). So how are leading curriculums like that of Singapore adapting to this uncertain future?

The world’s leading schools are future-proofing their programs by re-orienting themselves. Instead of focusing on what to learn and examination rank, they are increasingly focused on teaching students how to be excellent lifelong learners.

In Singapore, for example, children will no longer be ranked by test scores alone. Starting in 2019, exams for primary years 1 and 2 students will be phased out.

“Learning is not a competition,” stated Ong Ye Kung, Singapore’s Education Minister in October, 2018. Singapore’s Ministry of Education (MOE) is planning a series of changes aimed at encouraging individuals to concentrate on their own learning development4.

In the search for the best international school for your children, it is therefore not only important to assess the campus and teachers, but the pedagogy and curriculum used by the school.

“Our vision at SIS Group of Schools is to inspire learners toward greater heights,” states Jaspal Sidhu. “We do this by sparking curiosity and enquiry while developing values and 21st century skills prioritising learners and personalised learning to make a better world.”

For more information on SIS Group of Schools please visit Parents are invited to book a personal tour of any of the campuses across Indonesia here.

About Singapore Intercultural Schools (Video:

SIS Group of Schools was established in 1995 with its first premises in North Jakarta, Indonesia. Today, SIS Group of Schools supervises seven schools across Indonesia: Singapore Intercultural School Bona Vista (SIS Bona Vista), SIS Pantai Indah Kapuk, SIS Kelapa Gading, SIS Cilegon, SIS Semarang, SIS Palembang, and SIS Medan.

Recognised as a qualified international educational institution through the use of the Singapore Curriculum, one of the best educational systems in the world, the International General School Certificate of Education (IGSCE) and International Baccalaureate (IB) programmes, SIS Group of Schools’ reputation of excellence is well-established.

SIS Group of Schools CONTACT:

Mr. Indra Kurnia Erwin
Senior Manager
Marketing & Sales
SIS Group of Schools
+62 818 0790 8283


Ryan McClure
Managing Director
TWOMC Public Relations


1(2018). The future of jobs report 2018. Cologny/Geneva, Switzerland, 91-93 route de la Capite CH-1223: World Economic Forum.

2Nair, L. (2018, October 5). In the future of work it’s jobs, not people, that will become redundant. Retrieved from:

3Armstrong, M. (2016, December 7). OECD PISA The top rated countries/regions 2016. Retrieved from:

4Wood, J. (2018, October 13). Children in Singapore will no longer be ranked by exam results. Here’s why. Retrieved from:

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Ondot Systems Named One of North America’s Fastest Growing Companies in Deloitte’s 2018 Technology Fast 500™

Ranked Fastest Growing FinTech Company in Silicon Valley with 224 percent revenue growth and over four thousand Financial Institutions now offering its white label service

Santa Clara, California, Nov. 20, 2018 (GLOBE NEWSWIRE) — Ondot Systems, the leading provider of Digital Card Services and Customer Empowerment Solutions, today announced that it was named by Deloitte’s Technology Fast 500TM as the fastest growing Silicon Valley FinTech company, and one of the 500 fastest growing technology, media, telecommunications, life sciences and energy tech companies in North America.

A recent report “Accelerating Digital Transformation in Banking” published by Deloitte on results of a survey of 17,100 consumers across 17 countries concluded that leading technology companies have become the gold standard for digital engagement, thus driving a stronger emotional connection for consumers with these brands over their primary banks. If banks want to keep up, they must engineer their digital experience to make these emotional connections, which, ultimately, could translate into sticky interactions and more profitable customers.

“As Ondot has matured from a startup to an established leading provider of financial technology solutions for over 4000 banks and card issuers worldwide, our solutions have redefined customer engagement from acquisition to retention to growth”, said Vaduvur Bharghavan, Chief Executive Officer of Ondot Systems. “We co-created digital card solutions with incumbent Financial Institutions such as instant digital issuance, push provisioning into eWallets, disposable digital cards, consumer card controls, instant two-way notifications with contextual conversations, location intelligence, and real time analytics with merchant data enrichment – essentially providing a one stop shop to help banks innovate and drive true transformation and differentiation in the marketplace.”

“Congratulations to the Deloitte 2018 Technology Fast 500 winners on this impressive achievement,” said Sandra Shirai, vice chairman, Deloitte LLP, and U.S. technology, media and telecommunications leader. “These companies are innovators who have converted their disruptive ideas into products, services and experiences that can captivate new customers and drive remarkable growth.”

“Software, which accounts for nearly two of every three companies on the list, continues to produce some of the most exciting technologies of the 21st century, including innovations in artificial intelligence, predictive analytics and robotics,” said Mohana Dissanayake, partner, Deloitte & Touche LLP, and Industry Leader for technology, media and telecommunications, within Deloitte’s audit and assurance practice. “This year’s ranking demonstrates what is likely a national phenomenon, where many companies from all parts of America are transforming the way we do business by combining breakthrough research and development, entrepreneurship and rapid growth.”

About Deloitte’s 2018 Technology Fast 500TM
Deloitte’s Technology Fast 500 provides a ranking of the fastest growing technology, media, telecommunications, life sciences and energy tech companies—both public and private—in North America. Technology Fast 500 award winners are selected based on percentage fiscal year revenue growth from 2014 to 2017.

About Ondot Systems
Ondot Systems is the global leader in powering mobile payment services, serving over 4,000 financial institutions across four continents. The company’s real-time platform gives financial institutions a competitive edge by increasing engagement and empowering their customers to personalize, manage and control how payments are made in today’s world of always-on digital commerce. To learn how Ondot is shaping the future of payments, visit

About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see to learn more about our global network of member firm

Gary Singh
ondot systems

Lantronix จะนำเสนอในกิจกรรม LD Micro Main ประจำปี ครั้งที่ 11 ในวันที่ 5 ธันวาคม 2018

IRVINE, Calif., Nov. 20, 2018 (GLOBE NEWSWIRE) — Lantronix, Inc. (“บริษัท”) (NASDAQ: LTRX) ผู้นำด้านการให้บริการโซลูชั่นการรักษาความปลอดภัยการเข้าถึงข้อมูลและการจัดการระดับโลก สำหรับอุตสาหกรรมอินเตอร์เน็ตในทุกสิ่ง (IoT) วันนี้ได้ประกาศว่าประธานและประธานฝ่ายผู้บริหาร Jeff Benck และผู้บริหารฝ่ายการเงิน Jeremy Whitaker จะเสนอภาพรวมของธุรกิจของบริษัทในกิจกรรม LD Micro Main ประจำปี ครั้งที่ 11 ในวันที่ 5 ธันวาคม 2018 เวลา 16 นาฬิกา เวลามาตรฐานแปซิฟิค (19 นาฬิกาตามเวลามาตรฐานตะวันออก) ณ โรงแรม Luxe ตั้งอยู่ที่ 11461 Sunset Boulevard ในลอสแองเจลิส แคลิฟอร์เนีย การออกอากาศสดทางเว็บและสำเนาของสไลด์ในการนำเสนอของบริษัทจะมีให้บนส่วนของความสัมพันธ์การลงทุนของเว็บไซต์ของบริษัท

ผู้ลงทุนต่างๆ ที่เข้าร่วมการประชุมที่ต้องการพบกับคณะกรรมการบริหารของ Lantronix สามารถติดต่อกับ Shahram Mehraban ได้ที่

เกี่ยวกับ Lantronix
Lantronix, Inc. เป็นผู้ให้บริการระดับโลกในการรักษาความปลอดภัยการเข้าถึงข้อมูลและการจัดการ สำหรับอุตสาหกรรมอินเตอร์เน็ตในทุกสิ่ง (IoT) ภารกิจของเราคือการเป็นผู้จัดจำหน่ายโซลูชั่น IoT ที่ทำให้บริษัทต่างๆ มีการสร้าง การปรับใช้และการจัดการของโปรเจ็กต์ IoT ในขณะที่ให้การรักษาความปลอดภัยให้กับข้อมูลสำหรับแอพพลิเคชั่นและบุคคลต่างๆ ได้ง่ายขึ้น

ด้วยประสบการณ์ที่มากกว่า 20 ปีในการสร้างการสื่อสารแบบเครื่องต่อเครื่อง (M2M) ซึ่ง Lantronix เป็นผู้สร้างในการทำให้ลูกค้าสร้างธุรกิจรูปแบบใหม่และระลึกถึงความเป็นไปได้ของอินเตอร์เน็ตในทุกสิ่ง โซลูชั่นการเชื่อมต่อของเราได้รับการปรับใช้กับเครื่องนับล้านเพื่อให้บริการแก่อุตสาหกรรมต่างๆ รวมถึง การอุตสาหกรรม, ด้านเภสัช, การรักษาความปลอดภัย, การขนส่ง, การขายปลีก, การเงิน, สภาพแวดล้อมและรัฐบาล

Lantronix มีสำนักงานใหญ่อยู่ในเออร์ไวน์ แคลิฟอร์เนีย สำหรับข้อมูลเพิ่มเติม โปรดเข้าไปที่
เรียนรู้เพิ่มเติมได้ที่บล็อคของ Lantronix การพูดคุยด้านการทำงานร่วมกันในอุตสาหกรรมและการอัพเดทต่างๆ การติดตาม Lantronix ใน Twitter โปรดไปที่ ดูคลังวิดีโอของเราบน YouTube ได้ที่ หรือเชื่อมต่อกับเราบน LinkedIn ได้ที่

สื่อ นักวิเคราะห์และนักลงทุนของ Lantronix โปรดติดต่อ:
Shahram Mehraban

© 2018 Lantronix, Inc. สงวนลิขสิทธิ์

Patton Delivers IPv6 Services at the Network Edge

Implementing enhanced IPv6 in SmartNode VoIP CPE, Patton supports simplified network architectures and lowers operation and maintenance costs for service providers and enterprises.

SmartNode VoIP… More than Just Talk!

GAITHERSBURG, Md., Nov. 20, 2018 (GLOBE NEWSWIRE) — Patton Electronics—doing business as a bricks-and-mortar manufacturer since 1984—has enhanced IPv6 in its SmartNode CPE, the company announced today.

Global expansion of the Internet, proliferation of IP endpoint devices, and the burgeoning Internet of Things (IoT) means we will soon run out of IPv4 addresses.

The IPv6 standard expands available IP addresses octillion times, or at least 17 billion.

Everyone has known that for a long time and the hype has been going on for years.

Service providers made plans, and some partially implemented IPv6 in their networks. Carriers like Telefonica and T-MOBILE—and enterprises such as Microsoft—have started the changeover. Many large enterprises also planned on it, but have spotty adoption of IPv6. Most SMEs have barely even planned a transition.

“One thing is for sure, we are not living in an All-IPv6 world,” said Burton A. Patton (Burt), Executive Vice President at Patton. “Still the move to IPv6 is inevitable. And there are good reasons to do it sooner rather than later.”

IPv6 networks are simpler—and CHEAPER—to operate and maintain.

>>Blog: Turning on IPv6: Why do it?

With IPv4, maintaining network address translation (NAT) tables is complex, time-consuming, and costly. That is probably why predicts the IPv6 market will grow at rate (CAGR) of +31 % until 2023 and beyond.

Since 2011, Patton’s SmartNode hardware platforms and operating system have been ready for IPv6. Patton has tested and proven SmartNode CPE with longstanding carrier customers for IPv6 SIP-trunking service delivery.

Now, Patton heralds not only IPv6 support, but offers enhanced edge-orchestration services with the Patton Cloud.

Getting from IPv4 to All-IPv6 networking presents challenges. We will live in a mixed IPv4/IPv6 world for some years.

Supporting IPv6 and IPv4 on the network edge (between enterprise and service-provider networks) while empowering service transitions on both sides of the demarcation can be done the easy way or the hard way. Patton says their solution is the easy way.

In related news, Patton recently announced its new Patton Cloud Edge-Orchestration Service that speeds deployment and reduces costs for VoIP and ALL-IP service providers.

Media Contact: Glendon Flowers | +1 301 975 1000 |

Governments should do more to unlock the potential of technology to facilitate tax compliance, says PwC and World Bank report

BEIJING, Nov. 20, 2018 (GLOBE NEWSWIRE) — Tax authorities could do more to realise the full potential of new technology to reduce the tax compliance burdens on taxpayers, according to the 2019 edition of the annual Paying Taxes report, produced by PwC and The World Bank Group.

The report, released today in Beijing, has found that the global average results for the compliance burden for business taxation are almost unchanged across four key measures: time to comply (237 hours); number of payments (23.8); Total Tax and Contribution Rate, or TTCR (40.4%) and Post-Filing index (59.6 out of 100).

Paying Taxes 2019 draws upon a comparison of the taxation of business in 190 economies. The report models business taxation in each economy using a medium-sized domestic case study company.

Paying Taxes 2019 illustrates how developments in tax software, real time reporting systems and data analytics are transforming the capabilities of tax administration. Some advanced economies have continued to improve their systems to the benefit of both taxpayers and tax authorities, recording significant decreases in the time it takes to prepare, file and pay taxes and in the number of payments indicator.

Yet the report notes that the size of the gains in 2017 is relatively small in global terms. The fact that there has been little change to the global average, despite 113 economies introducing tax reforms over the same period, suggests reforms are limited in nature (the report does not include the US tax reforms introduced in 2018 due to data cut-off date for this edition of the Paying Taxes report). It also highlights that implementing new technologies for tax compliance can increase the administrative burden, at least in the short term, and that such implementation requires careful planning and consultation.

China, for example, has pursued a sustained series of reforms in recent years including better communication between tax authorities and taxpayers, new online systems for filing and paying taxes, improved training for tax authorities and taxpayers and integration of different tax systems.

While many economies have made considerable improvements in their tax systems in recent years, the findings also suggest that some economies are finding it difficult to implement online filing and payment due to the lack of IT infrastructure, cultural barriers and complex legislation.

Overall, the findings of Paying Taxes 2019 support trends that have been present since the survey began in 2004:

  • The average time to comply has fallen by 84 hours and the average number of payments by 10.3 since 2004 – both driven by technology
  • In 2017, profit tax TTCR fell in 58 economies and increased in 37, conversely labour tax TTCR fell in 17 economies and increased in 39. This trend of more economies with reductions in the profit tax component of TTCRs and increases in the labour tax component of TTCRs has been seen every year since 2005
  • On average, a VAT refund takes 19.2 weeks in high income economies but over twice as long in low income ones (44 weeks).

The report also explores the impact of differing levels of regulation and skills on the enforcement of tax through tax audits. Audits can vary hugely in their duration and complexity – taxpayers can spend up to 128 hours gathering information for an audit, though for many it takes only a few hours. Improving tax officers’ skills is vital if a well-functioning tax system is to be sustained. 97% of economies offer training to tax officers, but, only 35% of economies provide regular training.

Paying Taxes also notes that governments will need to take account of how new technology affects the nature and patterns of employment and profit generation and the consequent impact on the income streams that are available to be taxed.

Rita Ramalho from the World Bank Group said:

“Technology is transforming the nature of jobs that are available and the skills needed to do them. This in turn is likely to require greater investment in human capital, especially in learning and development. It is therefore vital that governments are able to understand the challenges ahead and how they can build resilience for public finances in the long term. We hope that this report will be of value to all those interested in making tax systems more efficient, whether in government, business, academia or civil society.”

Andrew Packman, leader for Tax Transparency and Total Tax Contribution at PwC said:

This report highlights the extent to which, when implemented strategically, new technology can drive considerable efficiencies for tax authorities and businesses alike. Yet it is also important to remember that improvements to tax systems do not come from technology alone. Simple, coherent, well understood and properly administered tax systems can help to lower the barriers for businesses to move from the informal to the formal sector. This can broaden the tax base and raise revenue without requiring new taxes. To do so, tax professionals and policy-makers need to have access to the correct skills and insight, which technology gains can help to support.

Notes to editors:

Find the full report: at

Follow us on twitter: @PwC

About the World Bank Group
The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. It comprises five closely associated institutions: the International Bank for Reconstruction and Development (IBRD) and the International Development Association (IDA), which together form the World Bank; the International Finance Corporation (IFC); the Multilateral Investment Guarantee Agency (MIGA); and the International Centre for Settlement of Investment Disputes (ICSID). Each institution plays a distinct role in the mission to fight poverty and improve living standards for people in the developing world. For more information, please visit,, and

About PwC
At PwC, our purpose is to build trust in society and solve important problems. We’re a network of firms in 158 countries with over 250,000 people who are committed to delivering quality in assurance, advisory and tax services. Find out more and tell us what matters to you by visiting us at

PwC refers to the PwC network and/or one or more of its member firms, each of which is a separate legal entity. Please see for further details.

© 2018 PwC. All rights reserved

Media contacts:

Sharon O’Connor, PwC
Tel: +16464712326

Indira Chand at World Bank Group
Phone: +1 202 458 0434

Lantronix to Present at the 11th Annual LD Micro Main Event on December 5, 2018

IRVINE, Calif., Nov. 19, 2018 (GLOBE NEWSWIRE) — Lantronix, Inc. (the “Company”) (NASDAQ: LTRX), a global provider of secure data access and management solutions for the industrial Internet of Things (IoT), today announced that President and CEO Jeff Benck, and CFO Jeremy Whitaker will present an overview of the Company’s business at the 11th Annual LD Micro Main Event on December 5, 2018 at 4 PM Pacific Time (7 PM Eastern Time) at the Luxe Hotel located at 11461 Sunset Boulevard in Los Angeles, California. A live webcast and copy of the Company’s slide presentation will be available on the investor relations section of the Company’s website at

Investors attending the conference who wish to meet with Lantronix management should contact Shahram Mehraban at

About Lantronix
Lantronix, Inc. is a global provider of secure data access and management solutions for Internet of Things (IoT) assets. Our mission is to be the leading supplier of IoT solutions that enable companies to dramatically simplify the creation, deployment, and management of IoT projects while providing secure access to data for applications and people.

With more than two decades of experience in creating robust machine to machine (M2M) technologies, Lantronix is an innovator in enabling our customers to build new business models and realize the possibilities of the Internet of Things. Our connectivity solutions are deployed inside millions of machines serving a wide range of industries, including industrial, medical, security, transportation, retail, financial, environmental and government.

Lantronix is headquartered in Irvine, California. For more information, visit
Learn more at the Lantronix blog,, featuring industry discussion and updates. To follow Lantronix on Twitter, please visit View our video library on YouTube at or connect with us on LinkedIn at

Lantronix Media, Analyst, and Investor Contact:
Shahram Mehraban
VP, Marketing

Liberty Star Releases Hay Mountain Technical Report

Large Multi-Metal Discovery

TUCSON, AZ, Nov. 19, 2018 (GLOBE NEWSWIRE) — Liberty Star Uranium & Metals Corp. (“Liberty Star”) (OTCPK: LBSR) is pleased to announce the release of the Hay Mountain Project Technical Report submitted by SRK Consulting and held in confidence due to exploration activity in the area. All critical land is acquired and the release is now made. The report is organized according to the format and style of Canadian NI 43-101, authored by Jan C. Rasmussen Ph.D., R.G. and reviewed by Corolla Hoag Registered Geologist and Tucson SRK Manager. An extract of that report is located on the Liberty Star website.

The Report recommended additional technical work including drilling Hay Mountain targets to determine if the indicated copper presence will lead to a bankable feasibility study and a commercially viable resource can be defined.

Key Points:

  • Hay Mountain is a porphyry copper deposit related to a fracture system in an eroded caldera margin.
  • LBSR exploration to date has been regional-scale airborne geophysical surveys, geochemical and biogeochemical surveys.

After the compilation of the SRK technical report, Liberty Star conducted the recommended detailed surface and subsurface studies including additional vegetation geochemical sampling, geophysical ZTEM surveys, and XRF geochemical analysis. These studies serve as confirmation of the SRK technical report recommendations and have led Liberty Star to plot and permit specific drilling targets to carry out additional technical report recommendations. Drilling will begin once appropriate resources are in place.

Key Indicators: The USGS publication of the map (USGS Publication Circular 1380, Chapter 7)
identifies historic production from at least 37 porphyry copper mines in SE Arizona and Northern Mexico in an area identified as the “Great Cluster.” This area has produced approximately 240 million metric tons (tonnes) of copper, divided among 37 deposits in the Great Cluster – Copper-Gold equating to an average past copper production of 6.5 million metric tons copper = 14.3 billion lbs. of copper at a projected future copper market price of $6/pound or $86 Billion dollars, which for illustrative purposes is distributed equally per deposit in the Great Cluster. This is a hypothetical average with some much larger and some much smaller deposits with past production. This also suggests there are yet to be discovered deposits of copper which will be in this range.

  • With careful technical work LBSR believes that at least a square mile of alteration is present, and much more is probable. This can be compared to the recently stated $10 billion value placed on a very similar Rosemont camp deposit which covers about 1 square kilometer. Thus, Hay mountain may contain $10 billion x 2.6 kilometers/sq. mile or about $26 billion in copper. The Hay Mountain Property will generate copper in known sedimentary limestones and igneous layers, not necessarily flat but concentrated in contorted layers visible in geophysics which start at about 300 feet (also indicated by geophysics) from the surface and go to perhaps a geophysically indicated depth of 6,000 feet. If the deposit is larger, thicker or higher grade it could be substantially more. Conversely, lower grades and smaller volumes would result in smaller mineral resources and lower value. The size of the alteration zone at Hay Mountain is about 8 miles long and 6 miles wide. The zone contains multiple magnetic anomalies and electromagnetic anomalies interpreted as porphyry copper centers or hot spots (skarn) and may be very much larger than estimated above.

“This may be world class discovery in a historically proven mineral zone”- The Great Copper Cluster, remarked Jim Briscoe, Chief Executive Officer of Liberty Star. “Our geophysical and geochemical surveys have provided additional validation of a very large multi-mineral footprint at Hay Mountain.”

About Liberty Star

Based in Tucson, Arizona, Liberty Star, Inc. is a public company trading under the symbol LBSR. Liberty Star’s main project involves a large mineral footprint in a developing high-grade mineral region in southeast Arizona.


Forward-Looking Statements
Some statements in this release may be “forward-looking statements” for the purposes of the Private Securities Litigation Reform Act of 1995. In some cases forward-looking statements can be identified by words such as “believe,” “expect,” “anticipate,” “plan,” “potential,” “continue” or similar expressions. Such forward-looking statements include risks and uncertainties, and there are important factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements. These factors, risks and uncertainties are discussed in the Company’s Annual Report on Form 10-K for the year ended January 31, 2017, as updated from time to time in our filings with the Securities and Exchange Commission, most recently in the Company’s Quarterly Report for the period May 1, 2018 to July 31, 2018. The Company is not responsible for updating the information contained in this press release beyond the published date, or for changes made to this document by wire services or Internet services.

Tracy Myers, IR Representative
Liberty Star Uranium & Metals Corp.