Fort Lauderdale, FL, Sept. 20, 2024 (GLOBE NEWSWIRE) -- Algorhythm Holdings, Inc. (“Algorythm”) (NASDAQ: RIME) – an AI technology and consumer electronics holding company, announced today that management is participating in the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24 and 25, 2024. On behalf of the company CEO Gary Atkinson, will deliver a company presentation at 3:00PM ET on September 24, and host one-on-one meetings the following day, September 25.

iAccess Alpha hosts virtual investor conferences, where presenting companies are recommended by investors. The conference format spans two days, with company webcast presentations on day one, followed by one-on-one meetings with company management teams on day two.

To learn more about the iAccess Alpha Buyside Best Ideas Fall Conference 2024 on September 24 and 25, 2024 or to register and schedule a one-on-one meeting with presenting team, please visit the conference website
https://www.iaccessalpha.com/home.

The presentation will be webcast live and available for replay at:

https://www.webcaster4.com/Webcast/Page/3064/51289

The webcast of Company presentation will also be available on the company’s website under the Events and Presentations tab.

About Algorhythm Holdings

Algorhythm Holdings, Inc. is a holding company with two primary investments. First, the Company owns SemiCab Holdings, an emerging leader in the AI-enabled global logistics industry. Second, the Company owns The Singing Machine Company, the worldwide leader in the consumer karaoke industry.

SemiCab is a cloud-based Collaborative Transportation Platform built to achieve the scalability required to predict and optimize millions of loads and hundreds of thousands of trucks. To orchestrate collaboration across manufacturers, retailers, distributors, and their carriers, SemiCab uses real-time data from API-based load tendering and pre-built integrations with TMS and ELD partners. To build fully loaded round trips, SemiCab uses AI/ML predictions and advanced predictive optimization models. On the SemiCab platform, shippers pay less and carriers make more while not having to change a thing.

Since 2020, SemiCab has enabled major retailers, brands and transportation providers to address these common supply-chain problems globally. SemiCab's Orchestrated Collaboration^? AI model has proven to increase transportation capacity, improve asset utilization, reduce empty miles, lower logistics costs, and provide visibility into the entire transportation network. Models show the technology has the capability of saving shippers tens of billions of dollars annually through optimization. Further, SemiCab’s technology also has the potential to play a key role in the improved sustainability model globally. Based on its proven ability to improve truck utilization rates from 65% to over 90%, this results in a dramatic reduction in the carbon footprint of the industry. The optimization of existing truck utilization can add approximately 30% more trucking capacity without adding more trucks, drivers or driven miles which addresses common problems plaguing the industry like severe driver shortage and road congestion. Trucking optimization could also eliminate approximately 25% of CO2 emissions attributable to road freight.