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Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC ("SemiCab") has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market. Mr. Silvagni has more than 15 years of demonstrated track record in positions of increasing responsibility in high-growth disruptive technology sales, primarily in the logistics space. Michael's sales pedigree include

Highly-accomplished leaders bring proven expertise in growth, innovation, and AI-driven transformation to support company's next phase of expansion Fort Lauderdale, FL, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a leading AI technology company, today announced the appointment of Scott Thorn and Kapil Gupta to its Board of Directors. Their combined experience in scaling high-growth companies, guiding operational transformation, and driving adoption of cutting-edge technologies will further strengthen the company's governance and strategic leadership as it accelerates growth in AI-powered freight logistics. Kapil Gupta is a seasoned global te

 Company Wins Best Value Award at LogiMeet 2025 Fort Lauderdale, FL, Sept. 22, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company announced today that its subsidiary, SemiCab Holdings, LLC ("SemiCab"), recently won the Best Value Award at LogiMeet 2025. This is a highly prestigious annual event, hosted by a Fortune 50 global leader in the fast-moving consumer packaged goods industry. "We are thrilled that our team has been recognized by one of our largest customers," said Ajesh Kapoor, CEO of SemiCab. "This award is a strong validation that our AI-enabled Collaborative Transportation Platform delivers real results. Since th

Experienced Marketing Executive Brings Over a Decade of Brand Development and Growth Expertise Fort Lauderdale, FL, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company, announced today that its subsidiary, SMCB Solutions Private Limited ("SemiCab India"), has appointed Vasudha Khurana as VP of Brand and Communications for SemiCab's global market. Khurana will lead the development of SemiCab's brand, marketing strategies, and global go-to-market initiatives for multiple product launches lined up. Vasudha brings 12 years of marketing and business experience, with tenures at Google and Unilever (Hindustan Unilever Limi

 Multi-Million Dollar, Non-Dilutive Facility Supports SemiCab's Three Largest Global Customers Fort Lauderdale, FL, Sept. 08, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company, announced today that its subsidiary, SMCB Solutions Private Limited ("SemiCab India), has secured a supply chain finance receivables facility with Bank of America. The facility provides SemiCab India with access to low-cost, non-dilutive working capital by enabling accelerated payment on all eligible accounts receivable for services provided to its three largest global customers, which are some of the largest multinational fast moving consumer goods

Fort Lauderdale, FL, Sept. 03, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ:RIME), an AI technology holding company, today announced that Gary Atkinson, Chief Executive Officer, will participate in the H.C. Wainwright 27th Annual Global Investment Conference, taking place September 8–10, 2025, in New York City. Mr. Atkinson's presentation will be made available to conference attendees via webcast and will provide an overview of the Company's business. The on-demand presentation will be available Friday, September 5th at 7:00 AM ET. The presentation will be available for registered attendees via the conference platform. For more inform

$560 Million New Client is One of the Largest Electronics Manufacturers in India Fort Lauderdale, FL, Aug. 28, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company, announced today that it has signed a new master service agreement (MSA) with a Bajaj Electricals, one of the largest electronics manufacturers in India, with over $560 million in annual sales. Based in Mumbai, Bajaj Electricals is a publicly held subsidiary of the Bajaj Group, a $100 billion multinational conglomerate with operations in 40 countries, and is a global leader in automotive, consumer electronics, iron and steel fabrication, insurance, travel and finance

Fort Lauderdale, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology holding company, announced today its results of operations for the second quarter ended June 30, 2025. Second Quarter Financial Highlights: Revenues increased to $2.7 million in the second quarter of 2025 compared to $2.4 million in the same period last year.Gross profit margin increased to 35.1% in the second quarter of 2025 from 13.3% in the same period of the prior year. Gross profit was approximately $1.0 million for the second quarter 2025. Total operating expenses decreased by $4.8 million to $1.7 million in the second quarter of 2025, compared to $6.5 m

Fort Lauderdale, FL, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ:RIME), an AI technology holding company, today announced that it will release its second quarter 2025 earnings today, Tuesday August 19, 2025 after market close. Management will host a conference call tomorrow, Wednesday, August 20, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, August 20, 2025Time: 10:00 a.m. EDT Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About A

New Strategic Partnership Unlocks Expanded Carrier Network Through RoaDo Integration Fort Lauderdale, FL, Aug. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ: RIME), a leading AI logistics provider, today announced that its subsidiary SemiCab Holdings, LLC ("SemiCab") has entered into a strategic partnership with Hicetane Logistics Innovations Pvt. Ltd., an India-based shipping technology company operating under the brand RoaDo. RoaDo provides an innovative e-commerce-style operating system for multiple phases of the transportation supply chain, connecting shippers to over 360 Indian trucking companies with a combined fleet of more than 10,000 trucks available via RoaDo's

Seasoned Technology/Logistics Sales Veteran Brings Deep US Market Expertise Ahead of New Product Launches Fort Lauderdale, FL, Oct. 13, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology company, today announced its subsidiary, SemiCab Holdings, LLC ("SemiCab") has appointed Michael Silvagni as its new VP of US Sales. Michael will be responsible for managing an existing and expanding team dedicated primarily to the US market. Mr. Silvagni has more than 15 years of demonstrated track record in positions of increasing responsibility in high-growth disruptive technology sales, primarily in the logistics space. Michael's sales pedigree include

Highly-accomplished leaders bring proven expertise in growth, innovation, and AI-driven transformation to support company's next phase of expansion Fort Lauderdale, FL, Oct. 07, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a leading AI technology company, today announced the appointment of Scott Thorn and Kapil Gupta to its Board of Directors. Their combined experience in scaling high-growth companies, guiding operational transformation, and driving adoption of cutting-edge technologies will further strengthen the company's governance and strategic leadership as it accelerates growth in AI-powered freight logistics. Kapil Gupta is a seasoned global te

Experienced Marketing Executive Brings Over a Decade of Brand Development and Growth Expertise Fort Lauderdale, FL, Sept. 18, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI technology holding company, announced today that its subsidiary, SMCB Solutions Private Limited ("SemiCab India"), has appointed Vasudha Khurana as VP of Brand and Communications for SemiCab's global market. Khurana will lead the development of SemiCab's brand, marketing strategies, and global go-to-market initiatives for multiple product launches lined up. Vasudha brings 12 years of marketing and business experience, with tenures at Google and Unilever (Hindustan Unilever Limi

Mr. Kapoor Brings more than 30 Years of Supply-Chain,Logistics Technology and Go-To-Market Leadership to the Board Fort Lauderdale, FL, May 20, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology and consumer electronics holding company, today announced the appointment of Ajesh Kapoor to its board of directors effective May 19, 2025. Mr. Kapoor brings more than 30 years of logistics and supply chain technology innovation and leadership to the Company's Board. During his career, Ajesh has designed and implemented industry-leading supply chain and logistics solutions for several leading international companies. Mr. Kapoor is the Founder and

Fort Lauderdale, FL, Feb. 18, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), an AI-driven technology and consumer electronics holding company, today announced the appointment of Alex Andre as the Company's Chief Financial Officer and General Counsel. In this role, Mr. Andre will be a key thought partner to the executive leadership team and will be responsible for all corporate finance and legal functions, including audit, accounting, tax, treasury, cash management, financial planning and analysis, and reporting. Mr. Andre brings nearly 25 years of executive management, financial, legal and operational experience to Algorhythm Holdings. For the past 18 ye

Apollo Tyres, Ltd Awards SemiCab Scalable Pilot Contract for Transportation Services in India Fort Lauderdale, FL, Oct. 17, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ:RIME), an AI-driven technology and consumer electronics holding company, announced today that SemiCab, Inc.'s subsidiary, SMCB Private Solutions Limited ("SemiCab India"), has entered into a master service agreement (MSA) with Apollo Tyres, Ltd. ("Apollo"), India's largest tire manufacturer. As a top 10 global tire producer, Apollo generated over $3 billion in sales in 2023, operating in more than 100 countries across Asia, Europe, and North America. Algorhythm's subsidiary SemiCab Holdings,

Fort Lauderdale, FL, Aug. 20, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI technology holding company, announced today its results of operations for the second quarter ended June 30, 2025. Second Quarter Financial Highlights: Revenues increased to $2.7 million in the second quarter of 2025 compared to $2.4 million in the same period last year.Gross profit margin increased to 35.1% in the second quarter of 2025 from 13.3% in the same period of the prior year. Gross profit was approximately $1.0 million for the second quarter 2025. Total operating expenses decreased by $4.8 million to $1.7 million in the second quarter of 2025, compared to $6.5 m

Fort Lauderdale, FL, Aug. 19, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ:RIME), an AI technology holding company, today announced that it will release its second quarter 2025 earnings today, Tuesday August 19, 2025 after market close. Management will host a conference call tomorrow, Wednesday, August 20, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, August 20, 2025Time: 10:00 a.m. EDT Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About A

Fort Lauderdale, FL, May 14, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ: RIME) -- AI technology and consumer electronics holding company -- today announced that its earnings for its first quarter 2025 will be released on Thursday, May 15, 2025. Management will host a conference call on Friday, May 16, 2025, at 10:00 a.m. Eastern Time to discuss the financial results and provide a business update. Conference Call Details: Date: Friday, May 16, 2025Time: 10:00 a.m. EDT Dial-in number: 888-999-3182Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: https://ir.algoholdings.com About Algorhythm

Acquisition Adds Multiple Multinational Customers in India and Unlocks Scalable Growth Opportunities in Rapidly Growing Indian Market  Fort Lauderdale, FL, May 05, 2025 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME), a diversified technology-driven holding company, today announced the acquisition of SMCB Solutions Private Ltd., an India private limited company ("SemiCab India"). This marks Algorhythm's second transaction with SemiCab, Inc. following the acquisition of its U.S. business in July 2024. Under the terms of the deal, Algorhythm's subsidiary, SemiCab Holdings, LLC, acquired 9,999 of the 10,000 issued and outstanding equity shares of SemiCab India. I

 SemiCab India Acquires New Client for Pilot Program Fort Lauderdale, FL, Dec. 18, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (NASDAQ:RIME) ("Algorhythm" or the "Company"), an AI technology and consumer electronics holding company, today announced that its subsidiary, SemiCab Holdings, LLC ("SemiCab"), has been awarded a commercially scalable pilot program with the world's sixth-largest global consumer packaged goods (CPG) producer. The new freight business, launched as a proof-of-concept initiative in late October, will initially focus on the densely populated southwestern India commercial corridor. SemiCab will provide enterprise-level software services to SMCB Solutions Privat

Fort Lauderdale, FL, Nov. 20, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm") (NASDAQ: RIME) – an AI-driven technology and consumer electronics holding company, announced today its results of operations for the three- and nine- month periods ended September 30, 2024. CEO Commentary "We are pleased to share our third-quarter results," said Gary Atkinson, CEO of Algorhythm. "This was a highly active and transformational period for our business. We focused on integrating our recent acquisition of SemiCab, secured notable new pilot contracts for SemiCab's logistics technology platform, and finalized a landmark OEM partnership for our automotive karaoke technology with BYD,

Fort Lauderdale, FL, Nov. 18, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. ("Algorhythm Holdings" or the "Company") (NASDAQ: RIME) -- an AI technology and consumer electronics holding company -- today announced that its earnings for its third quarter 2024 will be released on Tuesday, November 19, 2024. On Wednesday, November 20, 2024, Management will host a conference call at 10:00 am Eastern time to discuss the financial results and provide a business update. Conference Call Details: Date: Wednesday, November 20, 2024Time: 10:00 a.m. ET Dial-in number: (888)-800-3146Conference ID: RIME An audio rebroadcast of the call will be available later in the day at: http://www.singingmachi

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