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Fisk University Partners with Kaplan to Offer Students Free Comprehensive Prep for Graduate-Level Admissions Exams and Professional Certifications

Fisk University Partners with Kaplan to Offer Students Free Comprehensive Prep for Graduate-Level Admissions Exams and Professional Certifications

NEW YORK–(BUSINESS WIRE)–
Fisk University, a historically Black university and the oldest institution of higher learning in Nashville, has begun providing all of its undergraduate students with free test prep courses for a variety of graduate-level admissions exams, including the GRE®, GMAT®, LSAT®, and MCAT®, and professional certifications, through a new partnership with global educational services provider Kaplan.

“At Fisk University, we are dedicated to ensuring our students’ success both during their matriculation through our rigorous programs and post-graduation. Our faculty and administration invest a significant amount of time and resources to improve the overall student experience. As part of this commitment, we are excited to partner with Kaplan to provide free access to comprehensive test preparation courses for a variety of graduate-level admissions exams and professional certifications,” said Dr. Robert Carr, provost of Fisk University. “This innovative and forward-thinking collaboration demonstrates our belief in our students’ potential to achieve great things and our dedication to providing them with the best educational experience possible. We are grateful for the opportunity to collaborate with Kaplan and excited about the positive impact it will have on the futures of our students.”

Kaplan has prepared students for standardized tests for 85 years, and Fisk University is its newest HBCU partner for the company’s All Access initiative, joining Xavier University of Louisiana, Howard University, Delaware State University, Talladega College, and most recently, Stillman College. Cleveland State University is also a partner and reports strong results for its students since signing on last year. As part of Kaplan’s All Access mission, colleges and universities can help their students prepare for a variety of high-stakes exams and secure professional certifications that they need to reach their ultimate career goals.

“In becoming a Kaplan All Access partner, Fisk University is making a valuable investment in their students’ success and demonstrating faith in their futures. We can’t wait to get all participating students inside one of our classrooms to help them achieve their educational and career goals. It also sends a powerful message to prospective Fisk students: This is a college that believes in your aspirations,” said James Polulach, Kaplan’s director of institutional partnerships. “Free test prep for these exams and certifications is a real game changer in Fisk students’ journeys to success. Whether because of the price of preparation or because of how difficult the exams are, many aspiring young professionals see tests as a barrier, instead of an opportunity. With All Access, Kaplan is eliminating these challenges, providing students with best-in-class instruction with no out-of-pocket expenses.”

For college and university leaders who want to explore partnering with Kaplan, learn more about our exam prep programs. And for reporters interested in covering this growing sector of Kaplan’s portfolio, contact Russell Schaffer at [email protected] or 917.822.8190.

Test names and other trademarks are the property of the respective trademark holders.

About Fisk University

Fisk University is a highly-ranked historically Black university, according to U.S. News and World Report, and is the oldest institution of higher learning in Nashville, Tennessee. Fisk’s outstanding faculty and students continue to enhance the University’s international reputation for academic excellence. Fisk’s scholars continue to make strides in all areas of the industry from Social Justice to the sciences. A Fisk education prepares students to become beacons in servicing the community and well-rounded leaders and scholars in their respective fields. Fisk offers more than 20+ undergraduate and graduate programs in Biology, Chemistry, Physics, Clinical Psychology with a bridge Masters to Ph.D. program through a partnership with Vanderbilt University. For more information, visit Fisk.edu.

About Kaplan

Kaplan, Inc. is a global educational services company that helps individuals and institutions advance their goals in an ever-changing world. Our broad portfolio of solutions help students and professionals further their education and careers, universities and educational institutions attract and support students, and businesses maximize employee recruitment, retainment, and development. Stanley Kaplan founded our company in 1938 with a mission to expand educational opportunities for students of all backgrounds. Today, our thousands of employees working in 26 countries continue Stanley’s mission as they serve about 1.2 million students and professionals, 13,000 corporate clients, and 4,000 schools, school districts, colleges, and universities worldwide. Kaplan is a subsidiary of the Graham Holdings Company (NYSE: GHC). Learn more at www.kaplan.com.

Press: Russell Schaffer, [email protected], 917.822.8190

Twitter: @KaplanEdNews

KEYWORDS: New York Tennessee United States North America

INDUSTRY KEYWORDS: Education Other Education Continuing University

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CN Outlines Three-year Financial Perspective

CHICAGO, May 03, 2023 (GLOBE NEWSWIRE) — Today, CN’s (TSX: CNR) (NYSE: CNI) executive team will meet with the investment community in Chicago to present the Company’s strategic agenda focused on accelerating sustainable, profitable growth.

“We are confident in what the future holds for CN. The path to sustainable and profitable growth is clear. We have the proven record of our operating model combined with our integrated approach and the right people to see it through. The future of railroading is here, and it starts now.”

— Tracy Robinson, President and Chief Executive Officer, CN

Key CN executives will present at the event. Their presentations will focus on safety, how they will maintain discipline in executing CN’s scheduled operating plan, how they plan to capture emerging opportunities by selling into the plan, as well as how they intend to use technology to drive incremental efficiencies and make it easier for customers to do business with CN.

2023 financial outlook (1)
CN still aims to deliver adjusted diluted earnings per share (EPS) growth in the mid single digits over 2022 (2).

2024-2026 financial perspective (1)
CN is targeting to deliver 10%-15% diluted EPS growth over the next 3 years by growing volumes more than the economy, pricing above rail inflation and incrementally improving efficiency. 

(1) Forward-looking statements
Certain statements included in this news release constitute “forward-looking statements” within the meaning of the United States Private Securities Litigation Reform Act of 1995 and under Canadian securities laws, relating, but not limited to, statements with respect to CN’s 2023 financial outlook and three-year financial perspective and the related key assumptions. This forward-looking information also includes but is not limited to statements based on management’s assessment and assumptions and publicly available information with respect to CN. By their nature, forward-looking statements involve risks, uncertainties and assumptions. CN cautions that its assumptions may not materialize and that current economic conditions render such assumptions, although reasonable at the time they were made, subject to greater uncertainty. Forward-looking statements may be identified by the use of terminology such as “believes”, “expects”, “anticipates”, “assumes”, “outlook”, “plans”, “targets” or other similar words.

2023 key assumptions
CN has made a number of economic and market assumptions in preparing its 2023 outlook. The Company continues to assume negative North American industrial production in 2023. For the 2022/2023 crop year, the grain crop in Canada was above its three-year average (or in line when excluding the significantly lower 2021/2022 crop year) and the U.S. grain crop was in line with its three-year average. The Company continues to assume that the 2023/2024 grain crops in Canada and the U.S. will be in line with their respective three-year averages (excluding the significantly lower 2021/2022 crop year in Canada). CN assumes continued pricing above rail inflation upon contract renewals. CN assumes that in 2023, the value of the Canadian dollar in U.S. currency will be approximately $0.75, and now assumes the average price of crude oil (West Texas Intermediate) will be approximately US$80 per barrel (compared to its January 24, 2023 assumption of being in the approximately US$75 – US$80 range per barrel).

2024-2026 key assumptions
CN has made a number of economic and market assumptions in preparing its three-year financial perspective. CN assumes that the North American industrial production will increase by approximately two percent annually over the next three years. CN assumes continued pricing above rail inflation. CN assumes that the value of the Canadian dollar in U.S. currency will be approximately $0.75 and that the average price of crude oil (West Texas Intermediate) will be approximately US$80 per barrel during this period.

Forward-looking statements are not guarantees of future performance and involve risks, uncertainties and other factors which may cause actual results, performance or achievements of CN to be materially different from the outlook or any future results, performance or achievements implied by such statements. Accordingly, readers are advised not to place undue reliance on forward-looking statements. Important risk factors that could affect the forward-looking statements in this news release include, but are not limited to, general economic and business conditions, including factors impacting global supply chains such as pandemics and geopolitical conflicts and tensions; the business opportunities underlying the three-year financial perspective may not fully materialize; industry competition; inflation, currency and interest rate fluctuations; changes in fuel prices; legislative and/or regulatory developments; compliance with environmental laws and regulations; actions by regulators; increases in maintenance and operating costs; security threats; reliance on technology and related cybersecurity risk; trade restrictions or other changes to international trade arrangements; transportation of hazardous materials; various events which could disrupt operations, including illegal blockades of rail networks, and natural events such as severe weather, droughts, fires, floods and earthquakes; climate change; labor negotiations and disruptions; environmental claims; uncertainties of investigations, proceedings or other types of claims and litigation; risks and liabilities arising from derailments; timing and completion of capital programs; the availability of and cost competitiveness of renewable fuels and the development of new locomotive propulsion technology; and other risks detailed from time to time in reports filed by CN with securities regulators in Canada and the United States. Reference should also be made to Management’s Discussion and Analysis in CN’s annual and interim reports, Annual Information Form and Form 40-F, filed with Canadian and U.S. securities regulators and available on CN’s website, for a description of major risk factors relating to CN.

Forward-looking statements reflect information as of the date on which they are made. CN assumes no obligation to update or revise forward-looking statements to reflect future events, changes in circumstances, or changes in beliefs, unless required by applicable securities laws. In the event CN does update any forward-looking statement, no inference should be made that CN will make additional updates with respect to that statement, related matters, or any other forward-looking-statement. Information contained on, or accessible through, our website is not part of this news release.

(2) Caution Regarding Non-GAAP Measures
CN reports its financial results in accordance with United States generally accepted accounting principles (GAAP). CN also uses the non-GAAP measure adjusted diluted earnings per share in this news release that does not have any standardized meaning prescribed by GAAP. This non-GAAP measures may not be comparable to similar measures presented by other companies. For further details of this non-GAAP measure, including a reconciliation to the most directly comparable GAAP financial measure, refer to the supplementary schedule entitled Non-GAAP Measures for the year 2022, available at www.cn.ca/en/financial-results.

CN’s 2023 full-year adjusted diluted EPS (1) outlook and the 2024-2026 financial perspective exclude certain adjustments, which are expected to be comparable to adjustments made in prior years. However, management cannot individually quantify on a forward-looking basis the impact of these adjustments on its adjusted diluted EPS because these items, which could be significant, are difficult to predict and may be highly variable. As a result, CN does not provide a corresponding GAAP measure for, or reconciliation to, its adjusted diluted EPS outlook.

About CN

CN is a world-class transportation leader and trade-enabler. Essential to the economy, to the customers, and to the communities it serves, CN safely transports more than 300 million tons of natural resources, manufactured products, and finished goods throughout North America every year. CN’s railroad connects Canada’s Eastern and Western coasts with the U.S. South through a 18,600-mile rail network, CN and its affiliates have been contributing to community prosperity and sustainable trade since 1919. CN is committed to programs supporting social responsibility and environmental stewardship.



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SG Echo Delivers on Initial Two Innovative Modular-based Restaurants for Domino’s®

SG Echo Delivers on Initial Two Innovative Modular-based Restaurants for Domino’s®

The Company has delivered two units in Arkansas stemming from a contract with a franchisee of the largest pizza chain in the world, with plans to expand

MIAMI–(BUSINESS WIRE)–
Safe & Green Holdings Corp. (NASDAQ: SGBX) (“Safe & Green Holdings” or the “Company”), a leading developer, designer, and fabricator of modular structures, announced today that its subsidiary, SG Echo, LLC, has designed, delivered and installed two Quick Serve Restaurant (QSR) units in Arkansas on behalf of a franchisee for the biggest pizza company in the United States, Domino’s.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230503005427/en/

A rendering is pictured of a Domino’s modular store. (Photo: Business Wire)

A rendering is pictured of a Domino’s modular store. (Photo: Business Wire)

The first store of the initial two orders, which feature single module units, is located in Marion, Arkansas, and has been functional since November of 2022. The second store, located in Osceola, Arkansas, has been up and running since March of 2023.

These two stores, operated by Domino’s franchisee Ty Turner, served as a proof of concept for future stores with the national chain, with the plan for further select roll outs of modular-store fronts across the country. Safe & Green Holdings serves as designer, engineer and architectural consultant.

“I’m impressed with how fast we were able to get up and running with Safe & Green Holdings’ modular solutions,” Ty Turner explained. “The process was efficient and cost-effective, and I appreciate the speed at which a store can evolve from an idea on paper to fully functioning and operating.”

Safe & Green Holdings, formerly SG Blocks, has a proven track record around the world of repurposing secondhand shipping containers to give them a second life. The Company, which still utilizes shipping containers for certain projects, has applied these sustainable methods to all modular builds that the Company creates, via the single module approach. Single modules can be relocatable, providing second use for projects that otherwise would live only one life in a singular location before being demolished.

Additionally, modular methods reduce much of the environmental impact associated with traditional construction, with 80-90% of the build often being completed within the Company’s own factory walls, reducing noise pollution as well. Modular is often viewed as using materials far more efficiently, minimizing waste, and reducing carbon emissions.

“We have a wonderful working relationship with Domino’s and its franchisees,” Paul Galvin, Chairman and CEO of Safe & Green Holdings, noted. “Not only is Domino’s a global leader in the QSR industry, but the team recognizes the opportunity to deploy a fleet of sustainable and green modular storefronts, which aligns perfectly with our mission to make the restaurant industry more environmentally friendly and efficient. It’s a win-win for everyone involved.”

Safe & Green Holdings provided the concept design, design development, and construction of the units. The units arrived on-site already roughly 90% completed from the SG Echo factory.

“These modular builds from Safe & Green Holdings enable our organization to get freestanding lobby-less units up quickly, affordably and with lower environmental impact than a typical build,” Kenneth Guevara, Domino’s Senior Manager of US Development, noted. “We’ve had a great experience with the initial two units, and we look forward to discussing future plans together.”

Safe & Green Holdings will keep the public up to date on potential future storefronts and plans between the two companies.

About Safe & Green Holdings Corp.

Safe & Green Holdings Corp., a leading modular solutions company, operates under core capabilities which include the development, design, and fabrication of modular structures, meeting the demand for safe and green solutions across various industries. The firm supports third party and in-house developers, architects, builders and owners in achieving faster execution, greener construction, and buildings of higher value. The Company’s subsidiary, Safe and Green Development Corporation, is a leading real estate development company. Formed in 2021, it focuses on the development of sites using purpose built, prefabricated modules built from both wood and steel, sourced from one of Safe & Green Holdings’ factories and operated by the SG Echo subsidiary. For more information, visit www.safeandgreenholdings.com and follow us at @SGHcorp on Twitter.

About Domino’s Pizza®

Founded in 1960, Domino’s Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. It ranks among the world’s top public restaurant brands with a global enterprise of more than 19,800 stores in over 90 markets. Domino’s had global retail sales of over $17.5 billion in 2022, with over $8.7 billion in the U.S. and nearly $8.8 billion internationally. In the fourth quarter of 2022, Domino’s had global retail sales of nearly $5.5 billion, with over $2.7 billion in the U.S. and over $2.7 billion internationally. Its system is comprised of independent franchise owners who accounted for 99% of Domino’s global stores as of the end of the fourth quarter of 2022. Emphasis on technology innovation helped Domino’s achieve approximately two-thirds of all global retail sales in 2022 from digital channels. In the U.S., Domino’s generated more than 80% of U.S. retail sales in 2022 via digital channels and has developed several innovative ordering platforms, including those for Google Home, Facebook Messenger, Apple Watch, Amazon Echo, Twitter and more.

Safe Harbor Statement

Certain statements in this press release constitute “forward-looking statements” within the meaning of the federal securities laws. Words such as “may,” “might,” “will,” “should,” “believe,” “expect,” “anticipate,” “estimate,” “continue,” “predict,” “forecast,” “project,” “plan,” “intend” or similar expressions, or statements regarding intent, belief, or current expectations, are forward-looking statements. These forward-looking statements are based upon current estimates and assumptions and include statements regarding plans for further select roll outs of modular-store fronts across the country and providing further updates on potential future storefronts and plans. While Safe & Green Holdings believes these forward-looking statements are reasonable, undue reliance should not be placed on any such forward-looking statements, which are based on information available to us on the date of this release. These forward-looking statements are subject to various risks and uncertainties, many of which are difficult to predict that could cause actual results to differ materially from current expectations and assumptions from those set forth or implied by any forward-looking statements. Important factors that could cause actual results to differ materially from current expectations include, among others, the Company’s ability to roll out additional modular-store fronts across the country as planned, the Company’s ability to spin out Safe and Green Development Corporation, the Company’s ability to expand within various verticals, the Company’s ability to position itself for future profitability, the Company’s ability to maintain compliance with the NASDAQ listing requirements, and the other factors discussed in the Company’s Annual Report on Form 10-K for the year ended December 31, 2022 and its subsequent filings with the SEC, including subsequent periodic reports on Forms 10-Q and 8-K. The information in this release is provided only as of the date of this release, and we undertake no obligation to update any forward-looking statements contained in this release on account of new information, future events, or otherwise, except as required by law.

Investors:

Crescendo Communications, LLC

(212) 671-1020

[email protected]

KEYWORDS: Florida Arkansas United States North America

INDUSTRY KEYWORDS: Commercial Building & Real Estate Construction & Property Restaurant/Bar Other Manufacturing Building Systems Food/Beverage Manufacturing Retail

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A rendering is pictured of a Domino’s modular store. (Photo: Business Wire)
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AppLovin’s Performance-Based Buying for CTV Advertising Delivers New Incremental Channel for Scalable App Growth

AppLovin’s Performance-Based Buying for CTV Advertising Delivers New Incremental Channel for Scalable App Growth

App marketers can now unlock a new performance channel to grow their user base with cost per install buying across AppLovin’s massive, premium CTV supply

PALO ALTO, Calif.–(BUSINESS WIRE)–
AppLovin Corporation (NASDAQ: APP) (“AppLovin”), a leading marketing platform, is bringingperformance-based buying to connected TV (CTV) within its powerful mobile user acquisition platform, AppDiscovery. App marketers can now tap into massive CTV supply across hundreds of free ad-supported streaming TV (FAST) apps and 3,000+ channels from a single source of access and only pay for installs.

This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20230503005146/en/

AppDiscovery gives advertisers access to real-time, transparent analytics on their CTV campaigns in the same dashboard where they manage mobile campaigns. (Photo: AppLovin Corporation)

AppDiscovery gives advertisers access to real-time, transparent analytics on their CTV campaigns in the same dashboard where they manage mobile campaigns. (Photo: AppLovin Corporation)

CTV will be the fastest-growing medium this year, with ad spending surging 21% to reach more than $25 billion. With 93% of U.S. internet users today reachable by CTV, it’s a prime time for app marketers to add this channel to their marketing mix to reach audiences at scale and achieve their ROI goals.

“We’re excited to successfully bridge the gap between mobile marketing and CTV through a performance buying model,” said Idil Canal, General Manager of AdTech, AppLovin. “With AppLovin, marketers can easily test and rapidly scale CTV campaigns to acquire high-quality users by accessing a vast audience with targeted, relevant ads — all while prioritizing installs over impressions.”

CTV advertising on AppDiscovery is seamless. Advertisers can run mobile and CTV ad campaigns, and even leverage AppLovin’s industry-leading in-house creative team for custom, high-performing CTV ads — all on the same platform.

Since launching AppLovin’s performance CTV campaigns last year, leading credit-building app Kikoff has seen a 3X increase in install rates, and as a result has scaled its CTV budget by 6X, making it a significant part of its app marketing portfolio. “AppLovin’s CTV campaigns brought new momentum to our UA efforts. Not only do they allow us to further differentiate our offering in the marketplace by telling a more complete story to a larger audience, they also deliver on our UA performance goals. We’re excited about the continued partnership and growth potential,” said Max Wang, Growth Marketing Manager at Kikoff.

With AppDiscovery, advertisers and app marketers can:

  • Run CPI-based performance campaigns. CTV campaigns are priced on a Cost Per Install (CPI) basis rather than at a fixed Cost Per Mille (CPM), so marketers can ensure cost-effective ROI.
  • Automate and optimize campaigns. The platform automates the buying process across mobile and CTV inventory and optimizes at the individual channel level to improve performance.
  • Manage mobile and CTV campaigns from a single access source. CTV campaigns run in parallel with mobile campaigns in AppDiscovery, providing a seamless UI, reporting, and brand experience across multiple channels.
  • Utilize custom, top-performing creatives optimized for CTV. As a value add, AppLovin’s SparkLabs in-house creative team is available to customers for custom, high-performing ads, eliminating the need to develop resource-intensive creatives on their own.
  • Access real-time, transparent analytics: Trackable return on ad spend (ROAS) and channel name visibility ensures there is no guess work in where ads run.

“AppLovin’s AppDiscovery has been a strong user acquisition channel for us on mobile. Their recent addition of performance CTV campaigns presented an incremental channel to grow our user base at our target price points – all while using a single source of access. We’ve been delighted with the platform’s potential and appreciate the team’s constant optimization efforts,” said Terence Fung, Chief Strategy Officer at Storm8.

About AppLovin

AppLovin accelerates business growth with market leading technologies. AppLovin’s end-to-end software solutions support profitable growth by optimizing monetization and by using powerful machine learning to make data-driven marketing decisions. AppLovin partners with businesses to deliver personalized experiences at a massive global scale. AppLovin is headquartered in Palo Alto, California with several offices globally.

Source: AppLovin Corp.

Joshua Grandy

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Marketing Advertising Communications Apps/Applications Technology Software

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AppDiscovery gives advertisers access to real-time, transparent analytics on their CTV campaigns in the same dashboard where they manage mobile campaigns. (Photo: AppLovin Corporation)
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Newsight Imaging and Brightlaser Awarded Collaboration Grant to Develop Next Generation 3D Home and Industrial Security LiDAR

Grant is the First Funding from the Hong Kong-Israel R&D Cooperation Programme

3D LiDAR Camera will Combine Newsight’s eTOFTM Proprietary Patented Technology and Brightlaser’s Innovative Solution for VCSEL 

NESS ZIONA, Israel, May 03, 2023 (GLOBE NEWSWIRE) — Newsight Imaging Ltd. (“Newsight”), a leading semiconductor innovator developing proprietary 3D machine vision sensors, spectral vision chips and systems, and Brightlaser Limited (“Brightlaser”), a global competitive supplier in VCSEL (vertical-cavity surface-emitting laser) technologies, today announced that Brightlaser has been awarded the first grant from the Hong Kong-Israel R&D Cooperation Programme to develop a next generation 3D home and industrial security LiDAR camera solution.

With the goal of promoting industrial research and development cooperation between Hong Kong and Israeli companies, a Memorandum of Cooperation was signed in February 2014 between the Innovation and Technology Commission (ITC) on behalf of the Government of Hong Kong SAR and the Israel Innovation Authority (IIA) on behalf of the Government of the state of Israel. The Hong Kong-Israel R&D Cooperation Programme provides Israeli and Hong Kong companies access to their respective governments’ funding for collaborative R&D projects with the goal of developing products or processes leading to commercialization in the global market as well as assistance in locating R&D partners. This grant represents the first project from this program funded by the ITC and IIA.

After being introduced by the commercial attaché and the Consulate of Israel in Hong Kong & Macau, Newsight and Brightlaser partnered to apply for a grant to develop a next generation 3D home and industrial security LiDAR camera, based on Newsight Imaging’s eTOF™ proprietary patented technology and Brightlaser’s innovative solution for VCSEL. The co-developed solution will have state-of-the-art imaging sensing abilities in low light conditions, allowing it to keep a discrete profile in pitch darkness. This home and industrial security 3D solution will enable accurate object detection and classification based on volume and enable 2D and 3D fusion in one frame, resulting in faster and more accurate algorithmic data processing.

“We are privileged to be working with Brightlaser on this collaboration, and we see strong synergies between our companies and technology to develop an innovative new solution for home and industrial security,” said Eli Assoolin, Co-Founder and CEO of Newsight. “Our joint solution is based on solid-state LiDAR without any moving parts, an eTOF 3D CMOS sensor system and specific adjusted optics for illumination and imaging. We will work to design the receiving and the image processing systems using our eTOF proprietary patented technology, and Brightlaser will design the light transmitter sub-system. We thank the ITC and the IIA for their support and funding and look forward to working with Brightlaser over the next 18 months to develop our joint solution.”

“We are delighted to partner with Newsight for this collaboration with their innovative 3D eTOF sensor. We look forward to working together to design and build the product and address the challenges and opportunities” said Dr. Enoch Luo, CEO of Brightlaser. “We are confident our joint efforts will result in a high-performance product with a great fit to the market.”

“We are pleased to have played a significant role in bringing about the collaboration between the Israeli Newsight and the Hong Kong company Brightlaser,” said Avi Luvton, Executive Director at the International Collaboration Division, Israel Innovation Authority (IIA). “Their joint project uses LiDAR technology, commonly used for smart transportation purposes, for industrial and private security markets as well.

“This joint venture was made possible thanks to the unique collaboration between the Israel Innovation Authority and Hong Kong. This collaboration offers Israeli companies a strategic gateway to additional Asian markets and builds on Hong Kong’s commercial prowess and Israel’s creative entrepreneurial spirit, breakthrough academic research and innovation ecosystem.”

The size of the Global Home Security market stands at roughly USD 52 Billion in 2022 and is set to garner a market size of USD 106 Billion by 2030, growing at a CAGR of 8.6% from 2022 to 2030 according to leading market research firms. The 3D LiDAR Home Security market is currently a fraction of that, at roughly USD 305 Million, with the market demanding a robust shift towards LiDAR solutions. 3D LiDAR Home Security Systems are set to grow much faster than the overall market, between 8% and 16% CAGR into 2030.*

* The foregoing data is derived from the following web-based reports which web pages are expressly not incorporated into, and do not constitute part of, this press release.

* https://www.industryarc.com/Report/19086/LiDAR-for-security-market

* https://www.securitymagazine.com/articles/97744-how-lidar-augments-camera-systems-and-security-operations

* https://www.investorsobserver.com/news/qm-pr/7299798303530319

* https://www.globenewswire.com/news-release/2023/01/24/2594779/0/en/Home-Security-System-Market-Size-to-Touch-USD-106-3-Billion-By-2030-As-Per-Acumen-Research-and-Consulting.html#:~:text=24%2C%202023%20(GLOBE%20NEWSWIRE),8.6%25%20from%202022%20to%202030.&text=The%20home%20security%20system%20market%20is%20rising%20at%20a%20good%20pace.

* https://www.marketsandmarkets.com/Market-Reports/home-security-system-market-205573901.html

* https://www.grandviewresearch.com/industry-analysis/security-market

About Brightlaser Limited

Brightlaser, founded in 2014, is a global competitive supplier in VCSEL (vertical-cavity surface-emitting laser) technologies. The company provides VCSELs at different wavelengths and different optical power level, VCSEL-based modules and total solutions for metaverse, AIOT applications, such as XR, Consumables, Wired and wireless Optical Communications, Smart Home, ADAS &AV, Industrial Automation and 3D printing. To learn more visit www.brightlaser.com.hk.

About Newsight Imaging

Newsight Imaging develops advanced CMOS image sensor chips for 3D machine vision and spectral analysis. Newsight’s depth camera sensors for machine vision serve verticals such as Mobile & Metaverse, Robotics, Industry 4.0 and Automotive Safety. The Company recently launched its innovative solid-state LiDAR reference design, the eTOF™ LiDAR, based on the NSI1000 sensor. In addition, Newsight has developed its spectral chip backed by AI technology that has multiple uses in rapid pathogen detection and in continuous, condition-based monitoring of fluid flows, including water quality. Newsight’s Virusight subsidiary’s SpectraLIT™ offers a targeted and cost-effective solution for remote healthcare, real time diagnosis, and quality inspection solutions for water and food & beverage, including COVID detection under certain circumstances in less than 20 seconds with 96% accuracy. Newsight’s Watersight subsidiary’s AquaRing provides real-time, AI-based monitoring of flow systems or processes, including installations for water quality monitoring, The Company has US and EU patents and has received multiple grants by the Israeli Innovation Authority. For more information visit www.newsight.com.

On August 30, 2022, Newsight Imaging announced that it has entered into a definitive agreement to become publicly listed through a merger transaction with Vision Sensing Acquisition Corp. (Nasdaq: VSAC), a publicly traded special purpose acquisition company. The transaction is expected to close in the second quarter of 2023, at which point the combined company’s common stock is expected to trade on the Nasdaq Capital Market under the ticker symbol “NSIM”.

About Vision Sensing Acquisition Corp.

Vision Sensing Acquisition Corp. (“VSAC”) is a Special Purpose Acquisition Company (“SPAC”) that has been established to focus on the acquisition of vision sensing technologies (“VST”) including hardware solutions (chips / modules / systems), related application software, artificial intelligence and other peripheral technologies that assist to integrate and/or supplement VST applications. For more information visit www.vision-sensing.com.

Forward-Looking Statements

This press release is provided for informational purposes only and contains information with respect to a proposed business combination (the “Proposed Business Combination”) among VSAC and Newsight. No representations or warranties, express or implied are given in, or in respect of, this press release. In addition, this press release does not purport to be all-inclusive or to contain all the information that may be required to make a full analysis of the Proposed Business Combination.

This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. VSAC’s and Newsight’s actual results may differ from their expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, VSAC’s and Newsight’s expectations with respect to future performance and anticipated financial impacts of the transactions (the “Transactions”) contemplated by the Business Combination Agreement. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of VSAC or Newsight and are difficult to predict. Factors that may cause such differences include but are not limited to: (i) the expected timing and likelihood of completion of the Transactions, (ii) the occurrence of any event, change or other circumstances that could give rise to a failure of the conditions to or the termination of the Business Combination Agreement; (iii) the ability of Newsight to meet Nasdaq listing standards following the Transactions and in connection with the consummation thereof; (iv) the occurrence of a material adverse change with respect to the financial position, performance, operations or prospects of Newsight or VSAC; (v) failure to realize the anticipated benefits of the Proposed Business Combination or risk relating to the uncertainty of any prospective financial information of Newsight; (vi) the failure of Newsight to meet projected development and production targets; (vii) the possibility that the combined company may be adversely affected by other economic, business, and/or competitive factors, and (viii) other risks and uncertainties described herein and other reports and other public filings with the SEC by VSAC, including VSAC’s Form 10-K for the year ended December 31, 2022 as filed with the SEC on March 24, 2023 (the “10-K”), or that Newsight has filed or intends to file with the SEC, including in the Registration Statement. The foregoing list of factors is not exclusive. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. There may be additional risks that neither VSAC nor Newsight presently know, or that VSAC and Newsight currently believe are immaterial, that could cause actual results to differ from those contained in the forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. To the fullest extent permitted by law in no circumstances will Newsight, VSAC or any of their respective subsidiaries, interest holders, affiliates, representatives, partners, directors, officers, employees, advisers or agents be responsible or liable for any direct, indirect or consequential loss or loss of profit arising from the use of this press release, its contents, its omissions, reliance on the information contained within it, or on opinions communicated in relation thereto or otherwise arising in connection therewith. These forward-looking statements should not be relied upon as representing VSAC’s and Newsight’s assessments as of any date subsequent to the date of this press release. VSAC and Newsight undertake no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Additional Information About the Proposed Business Combination and Where to Find It

In connection with the Proposed Business Combination, Newsight has filed relevant materials with the SEC, including an Amendment No. 3 to Registration Statement on Form F-4, which includes a preliminary proxy statement/prospectus of VSAC, and a prospectus for the registration of Newsight securities in connection with the Proposed Business Combination (the “Registration Statement”). The Registration Statement has not yet been declared effective. The parties urge its investors, shareholders, and other interested persons to read, when available, the preliminary proxy statement/prospectus and definitive proxy statement/prospectus, in each case when filed with the SEC and documents incorporated by reference therein because these documents will contain important information about VSAC, Newsight and the Proposed Business Combination. After the Registration Statement is declared effective by the SEC, the definitive proxy statement/prospectus and other relevant documents will be mailed to the shareholders of VSAC as of the record date in the future to be established for voting on the Proposed Business Combination and will contain important information about the Proposed Business Combination and related matters. Shareholders of VSAC and other interested persons are advised to read, when available, these materials (including any amendments or supplements thereto) because they will contain important information about VSAC, Newsight and the Proposed Business Combination. Shareholders and other interested persons will also be able to obtain copies of the preliminary proxy statement/prospectus, the definitive proxy statement/prospectus, and other relevant materials in connection with the Proposed Business Combination, without charge, once available, at the SEC’s website at www.sec.gov or by directing a request to: VSAC Acquisition Corp., Attention: Garry Stein, telephone: +852 9858 0029. The information contained on, or that may be accessed through, the websites or links referenced in this press release in each case is not incorporated by reference into, and is not a part of, this press release.

Participants in the Solicitation

VSAC, Newsight and their respective directors and executive officers may be deemed participants in the solicitation of proxies from VSAC’s shareholders in connection with the Proposed Business Combination. VSAC’s shareholders and other interested persons may obtain, without charge, more detailed information regarding the directors and officers of VSAC, or persons who may under SEC rules be deemed in the solicitation of proxies to VSAC’s shareholders in connection with the Proposed Business Combination, in the Registration Statement or in VSAC’s Form 10-K or its Form 10-Q. Additional information regarding the interests of such persons are likewise included in that Registration Statement. You may obtain free copies of these documents as described above.

Non-Solicitation

This press release is not a proxy statement or solicitation of a proxy, consent or authorization with respect to any securities or in respect of the Proposed Business Combination and shall not constitute an offer to sell or a solicitation of an offer to buy any securities, or a solicitation of any vote or approval, nor shall there be any sale of securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act of 1933, as amended, or an exemption therefrom.

Investor Relations Contact:

Chris Tyson
MZ North America
[email protected]
949-491-8235

Newsight Imaging Contact:

[email protected]



Posted on

HeartBeam Completes $25 Million Capital Raise and Updates 2023 Strategic Focus and Financial Guidance

HeartBeam Completes $25 Million Capital Raise and Updates 2023 Strategic Focus and Financial Guidance

HeartBeam to Focus on Becoming the Global Leader in Ambulatory Vectorcardiography, the Highest Resolution ECG Monitoring Platform

Funding to Enable Company to Execute on Upcoming Clinical, Regulatory and Commercial Milestones, Extends Cash Runway into Late 2024

HeartBeam to Host Conference Call to Discuss Financing, Strategic Initiatives and First Quarter 2023 Financial Results on Thursday May 11, 2023 at 4:30 p.m. ET

SANTA CLARA, Calif.–(BUSINESS WIRE)–HeartBeam, Inc. (NASDAQ: BEAT), a cardiac technology company that has developed the first and only 3D-vector electrocardiogram (VECG) platform to help physicians detect heart attacks anytime, anywhere as well as diagnose other common heart conditions today announced closing of its secondary offering of 16,666,666 shares of HeartBeam’s common stock. This financing will allow HeartBeam to fund its upcoming clinical and regulatory milestones related to its HeartBeam AIMIGo™ system and prepare for commercialization in 2024.

HeartBeam received net proceeds of $23.2 million from the offering, after deducting the placement agent discounts and commissions and offering expenses.

Public Ventures LLC acted as placement agent for the offering.

HeartBeam has adjusted its strategic focus to enable timely delivery of its breakthrough ambulatory VECG products, the Company’s key future value drivers, as follows:

  • Immediately focus on obtaining an FDA 510(k) clearance for the HeartBeam AIMIGo credit card- sized VECG device, followed by a second 510(k) clearance on the system’s ability to synthesize an electrocardiogram (ECG). The goal of this second FDA clearance is to demonstrate that HeartBeam’s synthesized 12-lead ECG is equivalent to standard recorded 12-lead ECGs. These clearances provide a key value creation path, as they will enable physicians to remotely monitor patients and immediately interpret any concerning cardiac events.

  • Demonstrate through clinical trials in 2023 the performance of the HeartBeam AIMIGo platform, which we believe is the most advanced ambulatory cardiac detection platform available. HeartBeam believes this will drive clinical and patient adoption.

  • Shift the commercial launch until obtaining the 510(k) clearance for 12-lead equivalence. The company plans to submit this application to the FDA in late 2023 and pursue initial commercialization in 2024.

  • Undertake an aggressive pre-commercial effort to define initial market segments and identify potential business partners.

  • Continue aggressive development of its intellectual property through our partnership with PatentVest, a unified technology development and patent law firm focused on creating IP leadership for development stage technology companies. The partnership is clearly focused on the goal of creating clear leadership in the area of ambulatory VECG cardiac detection.

  • Add world leading Key Opinion Leaders (KOLs) to our Medical Advisory Board to help guide our clinical and regulatory development. These Advisory Board members will be announced in the near future.

As a result of these strategic goals, we are updating our financial guidance and expect no material commercial revenue for 2023.

“We are extremely pleased to have received this additional funding, which will allow us to achieve our important upcoming milestones and extends our cash runway into late 2024,” said Branislav Vajdic, Ph.D. HeartBeam Founder and CEO. “We are also excited to be working with Public Ventures, which is an outstanding strategic partner with a long track record of helping companies grow and realize their full potential. The strategic focus we are announcing today are important steps for us to demonstrate the value of our novel VECG technology and to achieve the clinical and regulatory milestones to bring these important products into the hands of physicians and patients.”

Christopher Marlett, Co-Founder and CEO of Public Ventures, added, “HeartBeam has the potential to positively impact the lives of millions of people, to change the standard of care, and to be the leader in the emerging area of ambulatory VECG. We are pleased to be supporting the Company as it executes on this vision, and we believe that it has the plan in place to achieve its goals.”

HeartBeam willhold a conference call to discuss the financing and the strategic initiatives, along with our first quarter 2023 financial results, on Thursday May 11, 2023 at 4:30 p.m. ET.

To access the call, please use the following information:

Date:

Thursday May 11, 2023

Time:

4:30 p.m. Eastern time (1:30 p.m. Pacific time)

Dial-in:

1-844-826-3035

International Dial-in:

1-412-317-5195

Conference Code:

10178249

Webcast:

https://viavid.webcasts.com/starthere.jsp?ei=1611445&tp_key=13a316a5f0

A telephone replay will be available approximately two hours after the call and will run through August 11, 2023, by dialing 1-844-512-2921 from the U.S., or 1-412-317-6671 from international locations, and entering replay pin number: 10178249. The replay can also be viewed through the webcast link above and the presentation utilized during the call will be available in the company’s investor relations section here.

About HeartBeam, Inc.

HeartBeam, Inc. (NASDAQ: BEAT) is a cardiac technology company that has developed the first and only 3D-vector ECG platform for heart attack detection anytime, anywhere. By applying a suite of proprietary algorithms to simplify vector electrocardiography (VECG), the HeartBeam platform enables patients and their clinicians to determine if symptoms are due to a heart attack, quickly and easily, so care can be expedited, if required. HeartBeam has two patented products in development. HeartBeam AIMI™ is software for acute care settings that provides a 3D comparison of baseline and symptomatic 12-lead ECG to more accurately identify a heart attack. HeartBeam AIMIGo™ is the first and only credit card-sized 12-lead output ECG device coupled with a smart phone app and cloud-based diagnostic software system to facilitate remote heart attack detection. HeartBeam AIMI and HeartBeam AIMIGo have not yet been cleared by the US Food and Drug Administration (FDA) for marketing in the USA or other geographies. For more information, visit HeartBeam.com.

Forward-Looking Statements

All statements in this release that are not based on historical fact are “forward-looking statements.” While management has based any forward-looking statements included in this release on its current expectations, the information on which such expectations were based may change. Forward-looking statements involve inherent risks and uncertainties which could cause actual results to differ materially from those in the forward-looking statements, as a result of various factors including those risks and uncertainties described in the Risk Factors and in Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of our in our Forms 10-K, 10-Q and other reports filed with the SEC and available at www.sec.gov. We urge you to consider those risks and uncertainties in evaluating our forward-looking statements. We caution readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Except as otherwise required by the federal securities laws, we disclaim any obligation or undertaking to publicly release any updates or revisions to any forward-looking statement contained herein (or elsewhere) to reflect any change in our expectations with regard thereto or any change in events, conditions or circumstances on which any such statement is based.

Investor Relations Contact:

Chris Tyson

Executive Vice President

MZ North America

Direct: 949-491-8235

[email protected]

www.mzgroup.us

Media Contact:

[email protected]

KEYWORDS: California United States North America

INDUSTRY KEYWORDS: Medical Devices Surgery Hospitals Health Technology Cardiology Biotechnology Radiology General Health Pharmaceutical Health

MEDIA:

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Posted on

Cellebrite Announces Participation in Upcoming Investor Conferences

PETAH TIKVA, Israel and TYSONS CORNER, Va., May 03, 2023 (GLOBE NEWSWIRE) — Cellebrite (NASDAQ: CLBT), a global leader in Digital Intelligence solutions for the public and private sectors, today announced the Company plans to participate in the following investor conferences in May and June:

Date: May 16, 2023
Conference: Needham & Co. Technology & Media Conference
Presentation Time: 10:15 a.m. ET
Format Fireside Chat
Event URL: https://investors.cellebrite.com/events/event-details/needham-co-18th-annual-technology-and-media-conference
Cellebrite executives: Dana Gerner, chief financial officer
Andrew Kramer, vice president, investor relations

Date: May 21, 2023
Conference: Oppenheimer 24th Annual Israeli Conference
Presentation Time: 5:35 p.m. ET
Format Fireside Chat
Event URL: https://investors.cellebrite.com/events/event-details/oppenheimer-24th-annual-israeli-conference
Cellebrite executives: Dana Gerner, chief financial officer

Date: May 23, 2023
Conference: J.P. Morgan 51st Annual Global Technology, Media and Communications Conference
Presentation Time: 5:15 p.m. ET
Format Fireside Chat
Event URL: https://investors.cellebrite.com/events/event-details/jp-morgan-51st-annual-global-technology-media-and-communications-conference
Cellebrite executives:  Dana Gerner, chief financial officer
Andrew Kramer, vice president, investor relations

Date: June 1, 2023
Conference: TD Cowen 51st Annual Technology, Media & Telecom Conference
Presentation Time: 9:05 a.m. ET
Format: Fireside Chat
Event URL: https://investors.cellebrite.com/events/event-details/cowen-51st-annual-technology-media-telecom-conference
Cellebrite executives: Dana Gerner, chief financial officer
Andrew Kramer, vice president, investor relations

Date: June 8, 2023
Conference: William Blair 43rd Annual Growth Stock Conference
Presentation Time: 9:40 a.m. ET
Format: Presentation
Event URL: https://investors.cellebrite.com/events/event-details/william-blair-43rd-annual-growth-stock-conference
Cellebrite executives:    Yossi Carmil, chief executive officer
Dana Gerner, chief financial officer
Andrew Kramer, vice president, investor relations

About Cellebrite

Cellebrite’s (NASDAQ: CLBT) mission is to enable its customers to protect and save lives, accelerate justice, and preserve privacy in communities around the world. We are a global leader in Digital Intelligence solutions for the public and private sectors, empowering organizations in mastering the complexities of legally sanctioned digital investigations by streamlining intelligence processes. Trusted by thousands of leading agencies and companies worldwide, Cellebrite’s Digital Intelligence platform and solutions transform how customers collect, review, analyze and manage data in legally sanctioned investigations. To learn more, visit us at www.cellebrite.com and https://investors.cellebrite.com.

Media

Victor Cooper
Sr. Director of Corporate Communications + Content Operations
[email protected]
+1 404.804.5910

Investor Relations

Andrew Kramer
Vice President, Investor Relations
[email protected]
+1 973.206.7760

 



Posted on

SoundThinking Sets May 2023 Financial Conference Schedule

FREMONT, Calif., May 03, 2023 (GLOBE NEWSWIRE) — SoundThinking, Inc. (Nasdaq: SSTI) (formerly ShotSpotter, Inc.), a leading public safety technology company that combines data-driven solutions and strategic advisory services for law enforcement and community assistance groups, is scheduled to present at the following financial conferences in May of 2023.


18

th

Annual Needham Technology & Media Conference


Presenting Wednesday, May 17 at 8:45 a.m. Eastern time
Executive: CFO Alan Stewart
Location: Intercontinental New York Times Square, New York, NY
Webcast


Jefferies Software Conference


Presenting Wednesday, May 31 at 11:00 a.m. Eastern time
Executives: CEO Ralph Clark and CFO Alan Stewart
Location: The Resort at Pelican Hill, Newport Coast, CA
Webcast

For additional information or to schedule a one-on-one meeting with SoundThinking management, please contact Gateway Group at [email protected].

About SoundThinking

SoundThinking, Inc. (Nasdaq: SSTI) is a leading public safety technology company that combines transformative solutions and strategic advisory services for law enforcement and civic leadership. We are trusted by more than 250 customers and 2,000 agencies to drive more efficient, effective, and equitable public safety outcomes, making communities healthier. Our SafetySmart™ platform includes ShotSpotter®, the leading acoustic gunshot detection system, CrimeTracer™, the foremost law enforcement search engine, CaseBuilder™, a one-stop investigation management system, and ResourceRouter™, software that directs patrol and community anti-violence resources to help maximize their impact. SoundThinking has been designated a Great Place to Work® Company.

Company Contact:

Alan Stewart, CFO
SoundThinking, Inc.
+1 (510) 794-3100
[email protected]

Investor Relations Contact:

Matt Glover and Thomas Thayer
Gateway Group, Inc.
+1 (949) 574-3860
[email protected]



Posted on

Alaunos Therapeutics to Report First Quarter 2023 Financial Results on May 10, 2023

HOUSTON, May 03, 2023 (GLOBE NEWSWIRE) — Alaunos Therapeutics, Inc. (“Alaunos” or the “Company”) (Nasdaq: TCRT), a leading T-cell receptor (TCR) cell therapy company advancing a clinical-stage pipeline of therapeutics for solid tumors, today announced that it will report financial results for the first quarter ended March 31, 2023, on Wednesday, May 10, 2023, before the open of U.S. markets. Following the announcement, the Company will host a conference call and webcast at 9:00 a.m. ET to review the financial results and provide a corporate update.

Register for the live webcast using the link here or by visiting the “Investors” section of the Alaunos website at www.alaunos.com. To participate via telephone, please register in advance at this link. Upon registration, all telephone participants will receive a confirmation email detailing how to join the conference call, including the dial-in number along with a unique passcode and registrant ID that can be used to access the call. The event will be archived on the Company’s website for approximately 30 days after the call.

About Alaunos Therapeutics, Inc.

Alaunos Therapeutics is a leader in the science of T-cell receptor (TCR) cell therapy working to revolutionize solid cancer treatment and outcomes. The clinical-stage company’s TCR T-cell therapy (TCR-T) is one of the most advanced TCR programs targeting driver mutations in solid tumors with an ongoing Phase 1/2 trial of its TCR-T product candidates across six solid cancers. Alaunos is powered by two proprietary platforms: its elegantly efficient non-viral Sleeping Beauty cell engineering platform; and its hunTR® discovery platform, which is expanding its industry-leading library of TCRs against high-frequency driver mutations. Alaunos is a part of an ongoing collaboration with the National Cancer Institute (NCI), part of the National Institutes of Health (NIH), working to advance the science of TCR therapy. For more information, visit www.alaunos.com.

Investor Relations Contact:

Alex Lobo
Stern Investor Relations
[email protected]

Media Contact:

Heather Anderson
6 Degrees PR
[email protected]



Posted on

CorMedix Inc. to Participate in Two Upcoming Investor Conferences

BERKELEY HEIGHTS, N.J., May 03, 2023 (GLOBE NEWSWIRE) — CorMedix Inc. (Nasdaq: CRMD), a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases, today announced that management will be participating in fireside chats and investor meetings at both the JMP Securities Life Sciences Conference being held in New York on May 15 – 16, 2023 and the 2023 RBC Capital Markets Global Healthcare Conference being held in New York on May 16 – 17, 2023. Details for each fireside chat is as follows:

JMP Securities Life Sciences Conference
Date:   Tuesday, May 16, 2023
Time:   11:30am EDT
Webcast:   Click here

RBC Capital Markets Global Healthcare Conference
Date:   Wednesday, May 17, 2023
Time:   2:35pm EDT
Webcast:   Click here
     

A replay of each fireside chat will also be available in the “Events and Presentations” page on the investor relations portion of the Company’s website at: www.cormedix.com.

About CorMedix

CorMedix Inc. is a biopharmaceutical company focused on developing and commercializing therapeutic products for the prevention and treatment of life-threatening conditions and diseases. The Company is focused on developing its lead product DefenCath™, a novel, non-antibiotic antimicrobial and antifungal solution designed to prevent costly and life-threatening bloodstream infections associated with the use of central venous catheters in patients undergoing chronic hemodialysis. DefenCath has been designated by FDA as Fast Track and as a Qualified Infectious Disease Product (QIDP), and the original New Drug Application (NDA) received priority review in recognition of its potential to address an unmet medical need. QIDP provides for an additional five years of marketing exclusivity, which will be added to the five years granted to a New Chemical Entity upon approval of the NDA. CorMedix also committed to conducting a clinical study in pediatric patients using a central venous catheter for hemodialysis when the NDA is approved, which will add an additional six months of marketing exclusivity when the study is completed. The Company received a second Complete Response Letter from the FDA last August related to deficiencies at both its primary contract manufacturer and its supplier of heparin API. The Company conducted a Type A meeting with FDA in April of 2023 and subsequently announced its intention to resubmit the NDA for DefenCath by mid-May of 2023. CorMedix also intends to develop DefenCath as a catheter lock solution for use in other patient populations, and the Company is working with top-tier researchers to develop taurolidine-based therapies for rare pediatric cancers. For more information visit: www.cormedix.com.

Investor Contact:

Dan Ferry
Managing Director
LifeSci Advisors
[email protected]
(617) 430-7576