Opera Limited to participate at the 23rd Annual Needham Virtual Growth Conference

OSLO, Norway, Jan. 05, 2021 (GLOBE NEWSWIRE) — Opera Limited (NASDAQ: OPRA), one of the world’s major browser developers and a leading internet consumer brand, announced today that Frode Jacobsen, Chief Financial Officer, and Derrick Nueman, Vice President of Investor Relations, will present and host one-on-one investor meetings at the 23rd Annual Needham Virtual Growth Conference.

Event Details:

23rd Annual Needham Virtual Growth Conference

Date: Tuesday, January 12, 2021
Virtual Fireside Chat: 12:30 p.m. ET

A webcast of the presentations will be available on Opera’s investor relations website at https://investor.opera.com.

About Opera

Opera is a global web innovator. Opera’s browsers, news products and fintech solutions are the trusted choice of more than 380 million people worldwide. Opera is headquartered in Oslo, Norway and listed on the NASDAQ stock exchange (OPRA).

Investor Relations Contact:

Derrick Nueman
[email protected] or (408) 596-3055

For media enquiries, please contact: [email protected]



Genenta to Take Part in Gene Therapy Panel and Two Virtual Investor Events in January 2021

MILAN, Italy and NEW YORK, Jan. 05, 2021 (GLOBE NEWSWIRE) — Genenta Science, a clinical-stage biotechnology company pioneering the development of a hematopoietic stem cell gene therapy for cancer (Temferon™), announced that Prof. Luigi Naldini, Co-Founder and Chairman of its Executive Scientific Board, will take part in a gene therapy panel discussion at the LifeSci Partners 10th Annual Healthcare Corporate Access Event which is being held virtually from January 6-8 and 11-14.

The panel, entitled “Broadening Gene Therapy”, a moderated, interactive discussion among representatives from five leading gene therapy companies, takes place on Friday, January 8 at 10:00AM Eastern Standard Time (EST). Investors can pre-register for the panel discussion here.

In addition, investors interested in meeting with our management team during the LifeSci Partners Corporate Access Event can schedule a 1:1 to meet with us here.

Genenta’s Chief Executive Officer Pierluigi Paracchi will also take part in a virtual investor event entitled “Healthcare: Italy on the Move 2021”. John Carroll, editor-in-chief of Endpoints News, will moderate as CEOs of top Italian biotech and life science companies present their technologies and innovations.

The event takes place on Wednesday, January 13 at 08:00AM Pacific Standard Time (11:00AM EST), alongside the 39th annual J.P. Morgan Healthcare Conference. To register, please contact [email protected]

About Genenta Science

Genenta (www.genenta.com) is a clinical-stage biotechnology company pioneering the development of a proprietary hematopoietic stem cell gene therapy for cancer. Temferon™ is based on ex-vivo gene transfer into autologous hematopoietic stem/progenitor cells (HSPCs) to deliver immunomodulatory molecules directly via tumor-infiltrating monocytes/macrophages (Tie2 Expressing Monocytes – TEMs). Temferon, which is under investigation in a Phase I/II clinical trial in newly diagnosed Glioblastoma Multiforme patients, is not restricted to pre-selected tumor antigens nor type and may reach solid tumors, one of the main unresolved challenge in immuno oncology. Based in Milan, Italy, and New York, USA, Genenta has raised €33.6 million (~$40 million ) in three separate rounds of financing.


Investor Relator – LifeSci Advisors:

Genenta Media/Investor Contact:
 
Mary-Ann Chang, CFA
Managing Director
+44 7483 28.48.53
[email protected]
Stefania Mazzoleni, PhD
+39 339 709.59 31
s[email protected]



IIROC Trading Halt – SMN

Canada NewsWire

VANCOUVER, BC, Jan. 5, 2021 /CNW/ – The following issues have been halted by IIROC:

Company: Sun Summit Minerals Corp.

TSX-Venture Symbol: SMN

All Issues: Yes

Reason: At the Request of the Company Pending News

Halt Time (ET): 8:35 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

Risankizumab (SKYRIZI®) Phase 3 Results Demonstrate Improvements in Disease Activity Across Joint and Skin Symptoms Among Psoriatic Arthritis Patients

– In KEEPsAKE-1 and KEEPsAKE-2, 57 and 51 percent of patients receiving risankizumab achieved the primary endpoint of ACR20 response at week 24, respectively, versus 34 and 27 percent receiving placebo (p<0.001)[1]

– KEEPsAKE-1 and KEEPsAKE-2 evaluated risankizumab in adult patients with active psoriatic arthritis, and included patients who had responded inadequately or were intolerant to biologic therapy and/or non-biologic disease-modifying anti-rheumatic drugs (DMARDs)[1]

– The safety results in these studies to-date were generally consistent with the known profile of risankizumab in psoriasis patients[1-4]

– Risankizumab (SKYRIZI), an interleukin-23 (IL-23) inhibitor, is being evaluated as a treatment for adults with active psoriatic arthritis and several other immune-mediated diseases[1,5-7]

PR Newswire

NORTH CHICAGO, Ill., Jan. 5, 2021 /PRNewswire/ — AbbVie (NYSE: ABBV) today announced positive top-line results from two Phase 3 studies in adults with active psoriatic arthritis, KEEPsAKE-1 and KEEPsAKE-2, showing that significantly more patients treated with risankizumab (150 mg) achieved the primary endpoint of ACR20 response at week 24 versus placebo.1 In KEEPsAKE-1 and KEEPsAKE-2, 57 and 51 percent of patients receiving risankizumab achieved ACR20 response at week 24, respectively, versus 34 and 27 percent receiving placebo (p<0.001).1

Results of ranked secondary endpoints showed significant improvements in skin clearance (as measured by at least a 90 percent improvement in Psoriasis Area Severity Index [PASI 90]), physical function (as measured by the Health Assessment Questionnaire Disability Index [HAQ-DI]) and minimal disease activity (MDA) at week 24.1 These two Phase 3 studies evaluated risankizumab in adult patients with active psoriatic arthritis, and included patients who had responded inadequately or were intolerant to biologic therapy and/or non-biologic disease-modifying anti-rheumatic drugs (DMARDs).1

“We are encouraged by these positive results showing the potential of risankizumab in psoriatic arthritis,” said Michael Severino, M.D., vice chairman and president, AbbVie. “These results underscore our commitment to research that can provide health care practitioners with important treatment options for patients with psoriatic disease.”


KEEPsAKE-1 and KEEPsAKE-2 Results at Week 24*,1


KEEPsAKE-1


KEEPsAKE-2


Risankizumab
150 mg



(n=483)


Placebo



(n=481)


Risankizumab
150 mg



(n=224)


Placebo



(n=219)

ACR20a

57%

34%

51%

27%

ACR50a,f

33%

11%

26%

9%

ACR70a,f

15%

5%

12%

6%

PASI 90b

52%

10%

55%

10%

HAQ-DIc

-0.31

-0.11

-0.22

-0.05

MDAd

25%

10%

26%

11%

PsA-mTSSe,†

0.23

0.32

N/A

N/A


* In both studies, ACR20 at week 24 was the primary endpoint, and PASI 90, HAQ-DI and MDA at week 24 were ranked secondary endpoints. ACR20, PASI 90, HAQ-DI and MDA achieved p-values of <0.001. Not all ranked secondary endpoints are shown.


a ACR20/50/70 is defined as at least a 20 percent/50 percent/70 percent reduction from baseline in the number of both tender and swollen joint counts and equivalent improvement in three or more of the five American College of Rheumatology core set measures: patient assessments of pain, patient global assessment of disease activity, physical function, physician global assessment of disease activity and acute phase reactant.


b PASI 90 is defined as achievement of at least a 90 percent reduction in Psoriasis Area Severity Index. It was assessed in patients with a body surface area (BSA) ≥3 percent at baseline.


c HAQ-DI is defined as change in baseline in the Health Assessment Questionnaire Disability Index, which is a patient-reported questionnaire including categories of dressing and grooming, arising, eating, walking, hygiene, reach, grip and common daily activities. It asks patients about the amount of difficulty they experience in these activities as well as the use of aids and/or devices.


d MDA is defined as the fulfillment of 5 of 7 outcome measures: TJC ≤1; SJC ≤1; PASI ≤1 or BSA-Ps ≤3 percent; Patient’s Assessment of Pain Numerical Rating Scale (NRS) ≤1.5; PtGA-Disease Activity NRS ≤2.0; HAQ-DI score ≤0.5; and LEI (Leeds Enthesitis Index) ≤1.


e PsA-mTSS is defined as a change in modified total Sharp score (mTSS) from baseline.


f ACR50 and ACR70 at week 24 were secondary endpoints and achieved nominal p-values of <0.05. These endpoints were not controlled for multiplicity.


 PsA-mTSS at week 24 was a ranked secondary endpoint that did not reach statistical significance (p=0.496). It was not evaluated in KEEPsAKE-2.

In KEEPsAKE-1, the ranked secondary endpoint of PsA Sharp/van der Heijde Score (PsA-mTSS) was 0.23 and 0.32 at week 24 in the risankizumab and placebo groups, respectively (p=0.496 [note: a lower score denotes lower radiographic progression]).1

In these studies, the safety profile of risankizumab through week 24 was generally consistent with safety findings in previous studies in psoriasis.1-4 Serious adverse events occurred in 2.5 percent and 4.0 percent of patients treated with risankizumab in KEEPsAKE-1 and KEEPsAKE-2, respectively, compared with 3.7 percent and 5.5 percent on placebo.1 Rates of serious infections were similar between treatment groups (1.0 and 0.9 percent in risankizumab-treated patients in KEEPsAKE-1 and KEEPsAKE-2, respectively, and 1.2 and 2.3 percent in patients who received placebo).1 The rates of adverse events leading to discontinuation of the study drug were 0.8 percent and 0.9 percent of patients treated with risankizumab in KEEPsAKE-1 and KEEPsAKE-2, respectively, compared with 0.8 percent and 2.3 percent on placebo.1 In KEEPsAKE-1, there was one death in the risankizumab group not related to the study drug per investigator.1 There were no deaths reported in KEEPsAKE-2.1

Full results from the KEEPsAKE studies will be presented at upcoming medical conferences and published in a peer-reviewed medical journal. Use of risankizumab in psoriatic arthritis is not approved and its safety and efficacy have not been evaluated by regulatory authorities.

Risankizumab (SKYRIZI) is part of a collaboration between Boehringer Ingelheim and AbbVie, with AbbVie leading development and commercialization globally.

About Psoriatic Arthritis

Psoriatic arthritis is a heterogeneous, systemic inflammatory disease with hallmark manifestations across multiple domains including joints and skin.8,9 In psoriatic arthritis, the immune system creates inflammation that can lead to pain, fatigue, stiffness in the joints and cause a red, scaly rash.8,9

About KEEPsAKE-1 and KEEPsAKE-21,10,11

KEEPsAKE-1 and KEEPsAKE-2 are both Phase 3, multicenter, randomized, double-blind, placebo-controlled studies designed to evaluate the safety and efficacy of risankizumab in adult patients with active psoriatic arthritis. KEEPsAKE-1 evaluated risankizumab in patients who had an inadequate response or intolerance to at least one DMARD. KEEPsAKE-2 evaluated risankizumab in patients who had an inadequate response or intolerance to biologic therapy and/or DMARDs. Patients were randomized to risankizumab 150 mg or placebo followed by risankizumab 150 mg at week 24.

The primary endpoint for both studies was the achievement of ACR20 response at week 24 from the treatment with the study medication. Ranked secondary endpoints included change from baseline in HAQ-DI, as well as the achievement of PASI 90 and MDA at week 24. Other secondary endpoints included ACR50 and ACR70 (not controlled for multiplicity) at week 24. The studies are ongoing, and the long-term extension remains blinded to evaluate the long-term safety, tolerability and efficacy of risankizumab in patients who have completed the placebo-controlled period.

More information on these trials can be found at www.clinicaltrials.gov (KEEPsAKE-1: NCT03675308; KEEPsAKE-2: NCT03671148).

About risankizumab (SKYRIZI®)

SKYRIZI is an interleukin-23 (IL-23) inhibitor that selectively blocks IL-23 by binding to its p19 subunit. IL-23, a cytokine involved in inflammatory processes, is thought to be linked to a number of chronic immune-mediated diseases, including psoriasis.12,13 In April 2019, SKYRIZI received U.S. Food and Drug Administration approval for the treatment of moderate to severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy. The approved dose for SKYRIZI is 150 mg (two 75 mg injections), administered by subcutaneous injection at week 0 and 4, and every 12 weeks thereafter. SKYRIZI was also approved by the European Commission in April 2019. Phase 3 trials of SKYRIZI in psoriasis, Crohn’s disease and psoriatic arthritis are ongoing.5-7,10,11 Use of SKYRIZI in psoriatic arthritis is not approved and its safety and efficacy have not been evaluated by regulatory authorities.

About SKYRIZI (risankizumab-rzaa) in the United States13

SKYRIZI is indicated for the treatment of moderate to severe plaque psoriasis in adults who are candidates for systemic therapy or phototherapy.

Important Safety Information13

Infection

SKYRIZI may increase the risk of infection. Do not initiate treatment with SKYRIZI in patients with a clinically important active infection until it resolves or is adequately treated.

In patients with a chronic infection or a history of recurrent infection, consider the risks and benefits prior to prescribing SKYRIZI. Instruct patients to seek medical advice if signs or symptoms of clinically important infection occur. If a patient develops such an infection or is not responding to standard therapy, closely monitor and discontinue SKYRIZI until the infection resolves.

Pre-Treatment Evaluation for Tuberculosis (TB)

Prior to initiating treatment with SKYRIZI, evaluate for TB infection and consider treatment in patients with latent or active TB for whom an adequate course of treatment cannot be confirmed. Monitor patients for signs and symptoms of active TB during and after SKYRIZI treatment. Do not administer SKYRIZI to patients with active TB.

Immunizations

Prior to initiating SKYRIZI, consider completion of all age appropriate immunizations according to current immunization guidelines. Avoid use of live vaccines in patients treated with SKYRIZI.

Adverse Reactions

Most common (≥1%) adverse reactions associated with SKYRIZI include upper respiratory infections, headache, fatigue, injection site reactions, and tinea infections.

This is not a complete summary of all safety information.

You are encouraged to report negative side effects of prescription drugs to the FDA. Visit http://www.fda.gov/medwatch or call 1-800-FDA-1088.

If you are having difficulty paying for your medicine, AbbVie may be able to help. Visit AbbVie.com/myAbbVieAssist to learn more.

Please click here for Full Prescribing Information and Medication Guide for SKYRIZI.

Globally, prescribing information varies; refer to the individual country product label for complete information.

About AbbVie

AbbVie’s mission is to discover and deliver innovative medicines that solve serious health issues today and address the medical challenges of tomorrow. We strive to have a remarkable impact on people’s lives across several key therapeutic areas: immunology, oncology, neuroscience, eye care, virology, women’s health and gastroenterology, in addition to products and services across its Allergan Aesthetics portfolio. For more information about AbbVie, please visit us at www.abbvie.com. Follow @abbvie on TwitterFacebook, Instagram, YouTube and LinkedIn.

Forward-Looking Statements

Some statements in this news release are, or may be considered, forward-looking statements for purposes of the Private Securities Litigation Reform Act of 1995. The words “believe,” “expect,” “anticipate,” “project” and similar expressions, among others, generally identify forward-looking statements. AbbVie cautions that these forward-looking statements are subject to risks and uncertainties that may cause actual results to differ materially from those indicated in the forward-looking statements. Such risks and uncertainties include, but are not limited to, failure to realize the expected benefits from AbbVie’s acquisition of Allergan plc (“Allergan”), failure to promptly and effectively integrate Allergan’s businesses, competition from other products, challenges to intellectual property, difficulties inherent in the research and development process, adverse litigation or government action, changes to laws and regulations applicable to our industry and the impact of public health outbreaks, epidemics or pandemics, such as COVID-19. Additional information about the economic, competitive, governmental, technological and other factors that may affect AbbVie’s operations is set forth in Item 1A, “Risk Factors,” of AbbVie’s 2019 Annual Report on Form 10-K, which has been filed with the Securities and Exchange Commission, as updated by its subsequent Quarterly Reports on Form 10-Q. AbbVie undertakes no obligation to release publicly any revisions to forward-looking statements as a result of subsequent events or developments, except as required by law.


References:

  1. AbbVie. Data on File: ABVRRTI71470.
  2. Gordon K., et al. Efficacy and safety of risankizumab in moderate-to-severe plaque psoriasis (UltIMMa-1 and UltIMMa-2): results from two double-blind, randomised, placebo-controlled and ustekinumab-controlled phase 3 trials. The Lancet. 2018 Aug 25;392(10148):650-661.
  3. Reich, K., et al. Risankizumab compared with adalimumab in patients with moderate-to-severe plaque psoriasis (IMMvent): a randomised, double-blind, active-comparator-controlled phase 3 trial. Lancet. 2019 Aug 17;394(10198):576-586. doi: 10.1016/S0140-6736(19)30952-3.
  4. Blauvelt, A., et al. Efficacy and Safety of Continuous Q12W Risankizumab Versus Treatment Withdrawal: 2-Year Double-Blinded Results from the Phase 3 IMMhance Trial. Poster #478. 24th World Congress of Dermatology. 2019.
  5. A Study to Assess the Safety and Efficacy of Risankizumab for Maintenance in Moderate to Severe Plaque Type Psoriasis (LIMMITLESS). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03047395. Accessed on December 3, 2020.
  6. A Study of the Efficacy and Safety of Risankizumab in Participants With Crohn’s Disease. ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03105102. Accessed on December 3, 2020.
  7. A Multicenter, Randomized, Double-Blind, Placebo Controlled Induction Study to Evaluate the Efficacy and Safety of Risankizumab in Participants With Moderately to Severely Active Ulcerative Colitis. ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03398148. Accessed on December 3, 2020.
  8. Duarte G.V., et al. Psoriatic arthritis. Best Pract Res Clin Rheumatol. 2012 Feb;26(1):147-56. doi: 10.1016/j.berh.2012.01.003.
  9. Diseases & Conditions: Psoriatic Arthritis. 2019. American College of Rheumatology. Available at: https://www.rheumatology.org/I-Am-A/Patient-Caregiver/Diseases-Conditions/Psoriatic-Arthritis. Accessed on December 3, 2020.
  10. A Study Comparing Risankizumab to Placebo in Participants With Active Psoriatic Arthritis (PsA) Who Have a History of Inadequate Response to or Intolerance to at Least One Disease Modifying Anti-Rheumatic Drug (DMARD) Therapy (KEEPsAKE 1). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/record/NCT03675308. Accessed on December 3, 2020.
  11. A Study Comparing Risankizumab to Placebo in Participants With Active Psoriatic Arthritis Including Those Who Have a History of Inadequate Response or Intolerance to Biologic Therapy(ies) (KEEPsAKE2). ClinicalTrials.gov. 2020. Available at: https://clinicaltrials.gov/ct2/show/NCT03671148. Accessed on December 3, 2020.
  12. Duvallet, E., Sererano, L., Assier, E., et al. Interleukin-23: a key cytokine in inflammatory diseases. Ann Med. 2011 Nov;43(7):503-11.
  13. SKYRIZI (risankizumab) [Package Insert]. North Chicago, Ill.: AbbVie Inc.

Cision View original content:http://www.prnewswire.com/news-releases/risankizumab-skyrizi-phase-3-results-demonstrate-improvements-in-disease-activity-across-joint-and-skin-symptoms-among-psoriatic-arthritis-patients-301201081.html

SOURCE AbbVie

Planet Green Holdings Corp. Enters Into Share Exchange Agreement and Closes Acquisition Transaction

PR Newswire

GAITHERSBURG, Md., Jan. 5, 2021 /PRNewswire/ — Planet Green Holdings Corp. (the “Company”) (NYSE American: PLAG) announced today that on January 4, 2021, the Company has entered into a Share Exchange Agreement with Jingshan Sanhe Luckysky New Energy Technologies Co., Ltd. (“Target”) and each shareholder of the Target (collectively “Sellers”). Pursuant to the Share Exchange Agreement, the Company will acquire 85% of outstanding equity interests of the Target. The Company closed the acquisition transaction on January 4, 2021. The Target is engaged in researching, developing, manufacturing and selling ethanol fuel and fuel additive products in China.

At the closing, the Company issued an aggregate of 2,200,000 shares of common stock of the Company to the original shareholders of Target in exchange for the transfer of 85% of the equity interests of the Target to the Company.

Forward Looking Statements

This news release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “anticipate”, “believe”, “expect”, “estimate”, “plan”, “outlook”, and “project” and other similar expressions that indicate future events or trends or are not statements of historical matters. These statements are based on our management’s current expectations and beliefs, as well as a number of assumptions concerning future events.

Such forward-looking statements are subject to known and unknown risks, uncertainties, assumptions and other important factors, many of which are outside of our control and all of which could cause actual results to differ materially from the results discussed in the forward-looking statements. Accordingly, forward-looking statements should not be relied upon as representing our views as of any subsequent date, and we do not undertake any obligation to update forward-looking statements to reflect events or circumstances after the date they were made, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws. Factors that could cause actual results to differ materially from those expressed or implied in forward-looking statements can be found in our reports filed with the Securities and Exchange Commission, which are available, free of charge, on the SEC’s website at www.sec.gov.

For more information please contact:

Ms. Lili Hu
Chief Financial Officer
Phone: 202 891 8907
Email: [email protected]

 

Cision View original content:http://www.prnewswire.com/news-releases/planet-green-holdings-corp-enters-into-share-exchange-agreement-and-closes-acquisition-transaction-301200071.html

SOURCE Planet Green Holdings Corp.

PDS Biotech Announces Participation in H.C. Wainwright BioConnect 2021 Virtual Conference

FLORHAM PARK, N.J., Jan. 05, 2021 (GLOBE NEWSWIRE) — PDS Biotechnology Corporation (Nasdaq: PDSB), a clinical-stage immunotherapy company developing novel cancer therapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology, today announced that Chief Executive Officer Dr. Frank Bedu-Addo will be presenting at H.C. Wainwright’s BioConnect virtual conference. PDS Biotech’s presentation will be available on-demand beginning January 11, 2021 at 6:00 AM ET and can be accessed online here.

A replay of the presentation will be available online in the investor relations section of the Company’s website.

About PDS Biotechnology

PDS Biotech is a clinical-stage immunotherapy company with a growing pipeline of cancer immunotherapies and infectious disease vaccines based on the Company’s proprietary Versamune® T-cell activating technology platform. Versamune® effectively delivers disease-specific antigens for in vivo uptake and processing, while also activating the critical type 1 interferon immunological pathway, resulting in production of potent disease-specific killer T-cells as well as neutralizing antibodies. PDS Biotech has engineered multiple therapies, based on combinations of Versamune® and disease-specific antigens, designed to train the immune system to better recognize disease cells and effectively attack and destroy them. To learn more, please visit www.pdsbiotech.com or follow us on Twitter at @PDSBiotech.

Media & Investor Relations Contact:

Deanne Randolph
PDS Biotech
Phone: +1 (908) 517-3613
Email: [email protected]

Jacob Goldberger
CG Capital
Phone: +1 (404) 736-3841
Email: [email protected]



Nxt-ID, Inc. Regains Compliance With Nasdaq Minimum Bid Price Requirement

Bid Price of Listed Securities Exceeds $1 at Closing for Eleven Consecutive Trading Days

Oxford, Connecticut, Jan. 05, 2021 (GLOBE NEWSWIRE) — Nxt-ID, Inc. (NASDAQ: NXTD) (the “Company”), a provider of healthcare devices and services, today announced that on January 4, 2021, it received written notice from the Office of General Counsel of The Nasdaq Stock Market LLC (“Nasdaq”) confirming that the Company has regained compliance with the applicable Nasdaq minimum bid price continued listing requirement (the “Minimum Bid Price Requirement”) and the matter is now closed.

The Company has cancelled its Special Meeting of Stockholders that was scheduled to be held on January 15, 2021. As a result of regaining compliance with the Minimum Bid Price Requirement, the Company no longer currently needs authorization to effect a reverse stock split of the Company’s outstanding shares of Common Stock at this time. The Nasdaq Hearings Panel has determined to impose a monitoring period, pursuant to Listing Rule 5815(d)(4)(A), until July 5, 2021. For further information regarding Nasdaq’s written notice, including the monitoring period that has been imposed upon the Company, please see the Company’s Current Report on Form 8-K that the Company is simultaneously filing with the Securities and Exchange Commission and the Company’s future filings to update shareholders on its compliance during the monitoring period.

About Nxt-ID, Inc.

Nxt-ID, Inc. (NASDAQ: NXTD) provides technology products and services for healthcare applications. The Company has extensive experience in access control, biometric and behavior-metric identity verification, security and privacy, encryption and data protection, payments, miniaturization and sensor technologies. Through its subsidiary, LogicMark LLC, Nxt-ID, Inc. is a manufacturer and distributor of non-monitored and monitored personal emergency response systems sold through dealers/distributors and the United States Department of Veterans Affairs. Learn more about Nxt-ID at www.nxt-id.com. For Nxt-ID, Inc. corporate information contact: [email protected]

Forward-Looking Statements for Nxt-ID: This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements reflect management’s current expectations, as of the date of this press release, and involve certain risks and uncertainties. Forward-looking statements include statements herein with respect to the successful execution of the Company’s business strategy. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of various factors. Such risks and uncertainties include, among other things, our ability to establish and maintain the proprietary nature of our technology through the patent process, as well as our ability to possibly license from others patents and patent applications necessary to develop products; the availability of financing; the Company’s ability to implement its long range business plan for various applications of its technology; the Company’s ability to enter into agreements with any necessary marketing and/or distribution partners; the impact of competition; the obtaining and maintenance of any necessary regulatory clearances applicable to applications of the Company’s technology; and management of growth and other risks and uncertainties that may be detailed from time to time in the Company’s reports filed with the Securities and Exchange Commission.

Media Contacts:

Vincent S. Miceli

[email protected]



Heliospectra’s Incentive Program Transfer Stock Warrants to Senior Executives and Key Personnel

PR Newswire

GOTHENBURG, Sweden, Jan. 5, 2021 /PRNewswire/ — Heliospectra AB (publ) (“the Company”) has through the wholly owned subsidiary Heliospectra Personal AB (“the Subsidiary”) has executed the transfer of 930,000 stock warrants of series P03 from the Company to senior executives and key personnel within the group. The stock warrants were originally issued to the Subsidiary at the Company’s General Meeting held on May 14, 2020. 

In accordance with the terms of the stock warrants, the Company has established the market value of the warrants per transfer day in accordance with the Black & Scholes option valuation model and the principles of the issue decision. The market value has been set at SEK 0.20 per option. The subscription price for the warrants has been set at SEK 3.19 per share and has been calculated in accordance with the principles of the issue resolution.

“This year we have taken significant strategic steps towards our long-term objectives by speeding up our technology development and product introduction to the market. A stronger digital presence combined with our new MITRA platform has positioned us well in the market, and the share issuance allows us to focus even more on key markets and the next-generation technology development this coming year. We now look forward to harvesting the rewards from our innovations over the past 14 years, achievements that would not be possible without our dedicated employees. We want to make sure our employees get the chance to take part in the future value development and this incentives program provides that,” said Ali Ahmadian, CEO Heliospectra. 

The subsidiary still holds the remaining 70,000 stock warrants of series P03 which in future may be offered to senior executives and key personnel.

For More Information:

Heliospectra AB, Fiskhamnsgatan 2, 414 58 Gothenburg, Sweden
Phone +46 31 40 67 10
[email protected] 
http://www.heliospectra.com

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/heliospectra/r/heliospectra-s-incentive-program-transfer-stock-warrants-to-senior-executives-and-key-personnel,c3263962

The following files are available for download:

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SOURCE Heliospectra

IIROC Trading Resumption – SOLR

Canada NewsWire

VANCOUVER, BC, Jan. 5, 2021 /CNW/ – Trading resumes in:

Company: Solar Alliance Energy Inc.

TSX-Venture Symbol: SOLR

All Issues: Yes

Resumption (ET): 9:30 AM

IIROC can make a decision to impose a temporary suspension (halt) of trading in a security of a publicly-listed company. Trading halts are implemented to ensure a fair and orderly market. IIROC is the national self-regulatory organization which oversees all investment dealers and trading activity on debt and equity marketplaces in Canada.

SOURCE Investment Industry Regulatory Organization of Canada (IIROC) – Halts/Resumptions

iQIYI’s VR Startup Completes Series B Funding Round to Drive Innovation and Expand Content Ecosystem

iQIYI’s VR Startup Raises a multi-hundred million RMB in Series B Funding Led by Yitang Changhou Fund and Fresh Capital

PR Newswire

BEIJING, Jan. 5, 2021 /PRNewswire/ — iQIYI Inc. (NASDAQ: IQ) (“iQIYI” or the “Company”), an innovative market-leading online entertainment service in China, today announced that it has recently completed a multi-hundred million RMB Series B funding round for its virtual reality (VR) division iQIYI Intelligent. The round of funding was led by Yitang Changhou Fund and Fresh Capital, setting the record for the largest single round of funding in China’s VR industry in 2020.

The capital raised will be used to fund the research and development of key VR technologies, algorithms and products as well as continued investment in the Company’s VR content ecosystem.

In addition, global shipments of AR/VR headsets are expected to hit 7.1 million in 2020, according to IDC’s Worldwide Quarterly Augmented and Virtual Reality Headset Tracker released in March. IDC expects the shipments to rise to 76.7 million units in 2024, resulting in a compound annual growth rate (CAGR) of 81.5%. 

Goldman Sachs predicts that by 2025, the VR/AR market revenue will exceed USD 80 billion (comprised of USD 45 billion of hardware revenue and USD 35 billion of software revenue). From a global perspective, VR/AR represents a major opportunity to win the battle for the next-generation mobile computing platform.

iQIYI Intelligent, an independently operated VR startup iQIYI incubated in-house, began developing VR products in 2016 with a focus on “hardware + technology + content”. Since then, iQIYI Intelligent has launched Qiyu, the world’s first and only all-in-one VR headset featuring a 4K ultra-high-definition screen, and Qiyu 2, the world’s first 4K VR all-in-one headset supporting 8K panoramic video playback, as well as the iQUT future cinema based on VR platform, which set a film viewing benchmark in the VR industry.

In March 2020, iQIYI Intelligent launched the Qiyu 2Pro 6DoF VR somatosensory game console, which features the immersive 6 degrees of freedom (6DoF) head-hand interaction technology and provides users with a 3D gaming experience. This device is top-ranking in China in terms of interactivity and user-friendliness and is on par with other leading VR headsets produced by global tech companies.

During China’s Double 11 Shopping Festival in 2020, iQIYI Intelligent launched a “VR Discount Storm” which removed the barriers to entry for potential users by providing cash subsidies, an initiative that was met with an enthusiastic response. The official sales data showed that from November 1 to November 11, Qiyu VR was the top brand both in terms of total sales volume and number of sales for VR all-in-one headset on JD.com, with an increase of 71% year-on-year. Furthermore, iQIYI’s Qiyi VR occupied three of the top five spots for best-selling VR all-in-one headsets and other similar products. 

“After this round of funding, we will remain committed to our strategic goal of being a pioneer and leader of China’s new VR entertainment ecosystem,” said Xiong Wen, CEO of iQIYI Intelligent. “We will increase our investment in independent technological innovation to create an excellent VR product and our technology will usher in the next generation of computing platforms.”

At the Qiyu VR Technology Launch Conference scheduled to be held in a few days, iQIYI Intelligent plans to officially announce the launch of China’s first CV 6DoF VR interaction scheme and its next-generation headset Qiyu 3. During the event, the company will also be launching a global VR developer recruitment program.

“The speed of China’s 5G rollout is unrivaled worldwide and as a key area of focus in the 5G era, the VR industry is expected to witness accelerated growth. As an investor in the innovative display hardware technology space, Changhou Fund has rich industry experience and resources across the industry chain and we are extremely excited about the tremendous opportunities in the VR sector,” said Wan Rong, Chairman & President of Yitang Changhou Fund. “As the leading VR player in China and backed by iQIYI’s huge content library, and with a core team that boasts extensive expertise both in Internet and hardware industries, iQIYI Intelligent has laid a solid foundation in key VR technology, product development and content resources. We hope that the Changhou Fund and iQIYI Intelligent partnership will unleash industry synergy to jointly build a new display industry ecosystem.”

“Fresh Capital firmly believes that technology and innovation are the forces that are driving the evolution of the consumer industry and allowing people to live better lifestyles,” said Steven Hu, Partner at Fresh Capital. “We focus on investing in the consumer technology sector as we value innovation and creativity. Among all the new-generation entertainment devices, we believe VR/AR undoubtedly offers the most compelling opportunities. As iQIYI Intelligent perfectly fits our philosophy and investment logic, we hope that our partnership will create quality products, content, and services, ushering in a new VR ecosystem and delivering values and surprises to the industry and users alike.”

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SOURCE iQIYI