Market Newsdesk

SAN FRANCISCO, Dec. 17, 2020 (GLOBE NEWSWIRE) — Today, MYXR Inc. announces a strategic partnership with immersive solutions studio Theia Interactive, formed to help create XR content for its new 2021 software as a service (SaaS) offerings. The partnership with Theia will add new, high-quality materials to MYXR’s planned releases, including multiple versions of MYXR Engage 2.0x, as well as the new MYXR Experience Platform 3.0.

“The MYXR platforms have such incredible potential for multiple industries that we hope to help redefine the limits of CG visualization and AR scalability, and create results that will impress clients and users alike,” said Bill Fishkin, CEO and founder of Theia Interactive. “There is huge demand for MYXR’s platforms, and we can’t wait to show everything that’s on the way.”

Starting in Q1 2021, MYXR will release a host of fresh features to MYXR Engage 2.0x, its gamification and reward technology platform. Several new editions are also being planned for multiple industries, including education, government communication, retail brands, insurtech, health systems, enterprise and gaming. MYXR’s flagship program, the MYXR Experience Platform, will also introduce syndicated AR experiences for millions on globally trusted apps and platforms, aimed at sports, entertainment, autos and travel. Additional announcements on both will be revealed in the near future.

Founded in 2014, Theia has earned a reputation as one of the top immersive solution studios in the United States, with a focus on mixed reality. In 2018, it expanded into software development by offering its proprietary, in-house tool Optim to the public, then followed that with the creation of Claria, a new suite of biology-based tools created to monitor physical reactions in VR. Through this new partnership, Theia will leverage its expertise to help further expand MYXR’s offerings to an international audience of brands, companies, entertainment groups, governments, non-profits, professional sports teams, schools and more.

“We’re thrilled to have the expertise, creativity, and technical prowess of the Theia Interactive team develop on our platforms for our partners,” said Hans Koch, chairman and CEO of MYXR Inc. “They are as passionate about our products as we are, and understand that they need to inspire, empower and entertain. We are honored to have Theia and their corporate partners join us on this incredible mission.”

Additional partnerships will be announced in the coming months.

About MYXR Inc.
MYXR Inc. is a SaaS software and solutions company building a global augmented reality, AI, and engagement ecosystem to optimize and empower the everyday experience of sports, work, entertainment, and community worldwide. MYXR’s mission is to engage the world through the breadth and connection of its software experiences. MYXR is inspired by its teams in San Francisco, Los Angeles, New York, Nashville, Washington DC, Honolulu, New Delhi, and soon, more locations worldwide. For more information, visit www.myxr.com.

About Theia Interactive
Based in Chico, California, Theia Interactive is an immersive solutions studio and software developer, with a passion for building beautiful virtual environments for Enterprise businesses. Whether it’s virtual reality experiences, augmented reality demos, or mobile apps, Theia tells engaging stories through virtualization. Theia has created award-winning projects for companies such as Epic Games, HP, Mohawk Group, NVIDIA, Suffolk Construction and Toll Brothers. For more information visit https://theia.io/.

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REDWOOD CITY, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) — Reputation.com, provider of the first — and only — complete Reputation Experience Management (RXM) platform, today announced it has been named a “Leader” in experience management software, online reputation management software, and social media suites, based on its high levels of customer satisfaction and likeliness to recommend ratings from real users on G2, the world’s leading business solutions review website. Reputation.com’s recognition by G2 puts an exclamation point on an award-filled year for the company, which was also named one of the fastest-growing private companies in San Francisco and Silicon Valley and won eight other additional awards.

“Helping organizations listen, learn, act and amplify customer feedback is what Reputation.com prides itself on, and G2 is a key place where we interact with our customers to fully understand their unique individual needs,” said Rebecca Biestman, chief marketing officer at Reputation.com. “Earning ‘Leader’ recognition from G2, particularly in three separate categories, is always among the highest honors for us because it reflects sentiment from real users that use our products each and every day.”

“Rankings on G2 reports are based on data provided to us by real users,” said Michael Fauscette, chief research officer, G2. “We are excited to share the achievements of the products ranked on our site because they represent the voice of the user and offer terrific insights to potential buyers around the world.”

Reputation.com Named One of the Fastest-Growing Companies in the Bay Area

Achieving “Leader” status from G2 in three categories tops off a banner year for Reputation.com. This fall, the company was also named one of the fastest-growing private companies by the Silicon Valley Business Journal and the San Francisco Business Times.

Specifically, Reputation.com was named the No. 8 fastest-growing private company in Silicon Valley and the No. 42 fastest-growing private company in San Francisco. These lists recognize the region’s innovators and the companies driving economic growth, not only in the local Silicon Valley and San Francisco Bay area regions, but globally.

Additional Awards Won in 2020

In addition to the recent recognition from G2, the Silicon Valley Business Journal and San Francisco Business Times, Reputation.com won a slew of other awards throughout the course of the year, including:

• Placement on the annual Inc. 5000 list of the nation’s fastest-growing private companies, finishing at No. 187 in California and No. 2,187 overall.
• Named to the Inaugural Inc. 5000 Series: California’s Fastest-Growing Private Companies, ranking No. 187 overall, 24th among software companies and 48th in the San Francisco metro area.
• A Silver Stevie award in the Most Innovative Tech Company of the Year category.
• A Silver Stevie award in the Sales or Customer Service Solutions Technology Partner of the Year category.
• A Bronze B2 Award from the Association of National Advertisers in the Artificial Intelligence/Machine Learning category.
• A Highly Commended finalist in The Drum Marketing Awards, which honor the most effective marketing campaigns, companies and people globally.
• A finalist in The Drum B2B Awards, which honor companies’ contribution in transforming businesses and the lives of millions.

To find out more about Reputation.com and its industry-leading reputation experience management platform, please visit www.reputation.com.

About Reputation.com

Reputation.com pioneered the online reputation management (ORM) category and now extends its leadership position to include its award-winning Reputation Experience Management (RXM) platform that consistently delivers innovative, customer-driven solutions. The SaaS-based platform manages tens of millions of reviews and interactions across hundreds of thousands of customer touchpoints. The patented algorithms behind Reputation Score X are based on more than a decade of deep machine learning and data science expertise, providing businesses with a reliable index of brand performance that they can use to make targeted improvements. Reputation.com has over 250 integration partners, including Google, Facebook, Salesforce, J.D. Power, Amazon and Web.com, and helps businesses of all sizes across industries Get Found, Get Chosen and Get Better. To learn more, visit www.reputation.com.

Media Contacts:

Kalie Marsch
Reputation.com
[email protected]

Brigit Valencia
BOCA Communications
360.597.4516
[email protected]

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/74bf9ab9-897b-4073-9f86-bbfe4179078b 

TAMPA, Fla., Dec. 17, 2020 (GLOBE NEWSWIRE) — HCI Group, Inc. (NYSE: HCI), an InsurTech company with operations in insurance, software development and real estate, and United Insurance Holding Corp. (NASDAQ: UIHC) have reached an agreement in principle for United’s primary insurance subsidiary, United Property & Casualty Insurance Company, to transfer all its personal lines insurance business in the states of Connecticut, New Jersey, Massachusetts and Rhode Island to HCI. The business to be transferred represents approximately $130 million of annual premiums. HCI’s insurance operations are primarily in Florida. However, it recently announced plans to expand nationwide.

Under the agreement, HCI will provide 69.5% quota share reinsurance on all of United’s in-force, new and renewal policies in Connecticut, Massachusetts, New Jersey, and Rhode Island from December 31, 2020 through May 31, 2021. In exchange, HCI will pay United an allowance of $4.4 million towards already purchased catastrophe reinsurance and a provisional ceding commission of 25% of premium. That percentage could increase up to 31.5% depending on the direct loss ratio results for the reinsured business.

In addition, United and HCI will enter into a policy replacement agreement pursuant to which HCI will replace all of United’s personal lines policies in the four states. As part of the transaction, HCI will provide United 100,000 shares of HCI common stock. HCI will also pay United a cash payment of up to $3.1 million depending on the amount of premium transitioned to HCI. In connection with the transaction, United will agree not to compete with HCI for the issuance of personal lines for homeowners business in the four states until July 1, 2024.

The transaction is subject to negotiation of definitive agreements and customary closing conditions, including receipt of all applicable regulatory approvals.

“This transaction with United is a win for both HCI and United,” said HCI Group Chairman and Chief Executive Officer Paresh Patel. “It accelerates HCI’s plan to expand nationally by acquiring a seasoned book of business, established agent network and associated data. HCI has the financial strength to support and grow these new business opportunities.”

About HCI Group, Inc.

HCI Group, Inc. is an InsurTech company with operations in insurance, software development and real estate. HCI’s leading insurance operation, TypTap Insurance Company, is a rapidly growing, technology-driven insurance company, which provides homeowners’ insurance and flood insurance primarily in Florida. TypTap’s operations are powered in large part by insurance-related information technology developed by HCI’s software subsidiary, Exzeo USA, Inc. HCI’s largest subsidiary, Homeowners Choice Property & Casualty Insurance Company, Inc., provides homeowners’ insurance primarily in Florida. HCI’s real estate subsidiary, Greenleaf Capital, LLC, owns and operates multiple properties in Florida, including office buildings, retail centers and marinas.

The company’s common shares trade on the New York Stock Exchange under the ticker symbol “HCI” and are included in the Russell 2000 and S&P SmallCap 600 Index. HCI Group, Inc. regularly publishes financial and other information in the Investor Information section of the company’s website. For more information about HCI Group and its subsidiaries, visit www.hcigroup.com.

Forward-Looking Statements

This news release may contain forward-looking statements made pursuant to the Private Securities Litigation Reform Act of 1995. Words such as “anticipate,” “estimate,” “expect,” “intend,” “plan,” “confident,” “prospects” and “project” and other similar words and expressions are intended to signify forward-looking statements. Forward-looking statements are not guarantees of future results and conditions, but rather are subject to various risks and uncertainties. For example, there can be no assurance that insurance regulators will permit HCI to operate in the applicable states and approve the proposed terms of the transaction. Some of these risks and uncertainties are identified in the company’s filings with the Securities and Exchange Commission. Should any risks or uncertainties develop into actual events, these developments could have material adverse effects on the proposed transaction and HCI’s business, financial condition and results of operations. HCI Group, Inc. disclaims all obligations to update any forward-looking statements.

Company Contact:

Rachel Swansiger, Esq.
HCI Group, Inc.
Tel (813) 405-3206
[email protected]

Investor Relations Contact:

Matt Glover
Gateway Investor Relations
Tel (949) 574-3860
[email protected]

Media Contact:

Amber Brinkley
Kippen Communications
Tel (727) 466-7695
[email protected]

EMERYVILLE, Calif., Dec. 17, 2020 (GLOBE NEWSWIRE) — iVest+, a leading innovator in trading platforms for educators and retail investors, today released new data that indicate slightly elevated put buying in the S&P and NDX options heading into 2021.

iVest+ uses proprietary tools to separate options volume data for contracts expiring before and after each “triple-witching” expiration. Triple-witching happens four times per year, on the third Friday of March, June, September, and December. By filtering out the data for the contracts that are expiring, iVest+ has visibility into where the money is “rolling” for the weeks and months beyond triple expiration. The last triple expiration this year is Friday, December 18.

“One data point we like to use is to actually compile all of the put-call ratios and open interest from all of the stocks in the S&P 500 and the NASDAQ 100, rather than just looking at the data on the SPY or QQQ options themselves,” said Rance Masheck, CEO of iVest+. “It really gives us a good look at the big picture involved and what the bigger players are doing.”

• In the universe of S&P 500 stocks, the data shows a Put/Call Open Interest of 0.72 for contracts expiring before December 18, but an Open Interest of 0.79 for contracts that expire after that date.
• In the universe of NASDAQ 100 stocks, the data shows a Put/Call Open Interest of 0.79 for contracts expiring before triple expiration, but an Open Interest of 0.95 for contracts that expire after that date.

“It’s a decent bump. Certainly, it doesn’t suggest that everyone is concerned enough to buy protection or bet on the downside, but it is a 10% or more shift in both universes of stocks heading in the direction of concern,” added Masheck. “It is the type of information that should be on the radar of any major fund or institution. In addition, we can see that this bump in the Open Interest ratio toward the put side is not matching any increase in volume on the put side, which means that opening positions are shifting more away from the calls without new trading going on. Remember that the markets bottomed within a day of triple expiration in March, and there was a shift in the bullish direction of the options at the time. This looks like the opposite.”

About iVest+

iVest+ has reimagined what trading platforms should look and act like, with DIY investors in mind. Purpose-built by leading educators, for educators, and to empower self-directed traders, iVest+ provides tools that act as an invisible mentor for continuous improvement. iVest+ offers brokerages, trading educators, and independent investors the only stock and options trading platforms that package powerful data and insights into portable technology, with easy-to-use tools and visuals for optimal success. For more information about the company’s white-labeled and retail trading offerings, visit www.ivestplus.com.

CONTACT:

Brendan A. McGrail
Tier One Partners
508-414-1206
[email protected]

MONTREAL, Dec. 17, 2020 (GLOBE NEWSWIRE) — Syntax, a leading multi-cloud and multi-ERP managed cloud provider for mission-critical applications, helped more than 700 customers navigate the impacts of the COVID-19 pandemic through its leading-edge offerings, including several new and expanded cybersecurity and business analytics solutions. In addition, six renowned industry experts joined Syntax’s global leadership team to drive innovation in areas of increased customer need, like cybersecurity and cloud computing. Syntax also achieved two highly competitive competencies and designations this year from Microsoft and Amazon Web Services (AWS) — the AWS MSP Designation and Microsoft Gold status — highlighting the company’s unparalleled industry expertise and commitment to customer success.

“This year has been a pivotal inflection point for businesses, as many condense their five-year cloud migration plans into six months or less,” said Christian Primeau, Global CEO of Syntax. “We are proud that Syntax’s world-class experts and comprehensive solutions could help so many of our customers overcome 2020’s unexpected hurdles, and we are committed to helping them reach even greater success through 2021 and beyond.”

New Cybersecurity Offerings

Syntax’s expanded Managed Endpoint Detection and Response (MEDR) solution leverages a comprehensive endpoint strategy, state-of-the-art tools and Syntax’s 24×7 Security Operations Center (SOC) to defend against cyberattacks, detect suspicious user behaviors and block malicious activity. Syntax’s 24×7 SOC provides customers with continuous protection and access to a team of highly qualified security experts, while also lowering costs and ensuring constant compliance. As a result, MEDR elevates customers’ cybersecurity beyond the standard, signature-based antivirus and threat detection methods that have little to no chance against sophisticated ransomware attacks.

Customers affected by a ransomware attack can also now utilize Syntax’s new Ransomware Response Services to determine their risk and exposure, execute recovery plans and implement continuous environment monitoring. Syntax also enabled its Security Information and Event Management (SIEM) capabilities to deploy cloud-based SIEM via Azure Sentinel in addition to its existing traditional SIEM offering through Splunk.

Expansion of Business Analytics

Quickly changing customer needs have necessitated even more data-backed decisions from business leaders for their companies to remain competitive. To assist companies unlock the analytical power of their data, Syntax expanded its existing Business Intelligence practice to include the forward-looking, predictive power of Business Analytics.

Syntax customers can now leverage the company’s unmatched multi-ERP expertise on Data Lakes, a cutting-edge technology that provides a flexible way to consolidate data, lower its total cost of ownership (TCO) and streamline the data’s security and governance. Data Lakes use complex analytical tools like machine learning (ML), forecasting and artificial intelligence (AI) to help customers make more informed decisions.

Syntax also launched Amazon Forecast for SAP, which augments customers’ existing SAP data with Amazon Forecast. Amazon Forecast for SAP is a managed service that uses ML on time series data and metadata like product features and holidays to allow SAP customers to more accurately predict demand, maintain inventory levels and eliminate financial waste.

Other Company Milestones

• Expansion of the global Syntax leadership team:
  °  Oliver Schreiber, Board of Directors member, who, as a globally distinguished SAP expert, contributes primarily as an expert in the European SAP market
  °  Dr. Haihong Xin as Syntax Asia CEO, who drives the company’s growing global operations in the APAC region
  °  Kevin Dattolico, CRO of Syntax Americas, who enables Syntax to continue delivering high-quality customer experiences to its North American customer base
  °  Mike Evans, COO of Syntax Americas, who oversees operations in the Americas region
  °  Matthew Rogers as Syntax CISO, whose cybersecurity expertise drives Syntax’s growing suite of comprehensive cybersecurity solutions
  °  Marc Caruso, Syntax Chief Solution Architect, who drives the continued innovation of Syntax’s public and private cloud solutions to aid customers strategically navigating the cloud landscape

• Competitive competencies and designations from AWS and Microsoft:
  °  Syntax’s AWS MSP Designation signals that Syntax can help customers solve complex business needs at any stage of their cloud adoption journey through innovative, end-to-end AWS solutions.
  °  Syntax’s Microsoft Gold status is an affirmation of Syntax’s exceptional skills, capabilities and expertise in key Microsoft solutions. The firm earned certified competencies for Cloud Platform, Cloud Productivity, Data Center, Data Analytics and Application Development to achieve this status.

• Corporate Social Responsibility: Later this year, Syntax will donate $20,000 USD to Girls Who Code, a nonprofit organization that aims to support and increase the number of women in computer science by equipping young women with the necessary computing skills to pursue 21st-century opportunities. The Syntax CSR program also donated over $47,000 USD to community charities and non-profit organizations throughout North America in support of holiday donation requests submitted by Syntax employees.

To learn more about Syntax’ capabilities, visit: https://www.syntax.com/

About Syntax:

Since 1972, Syntax has been providing comprehensive technology solutions to businesses of all sizes with thousands of customers trusting Syntax with their IT services and ERP needs. Today, Syntax is a leading Managed Cloud Provider for Mission Critical Enterprise Applications. Syntax has undisputed strength to implement and manage ERP deployments (Oracle, SAP) in a secure, resilient, private, public or hybrid cloud. With strong technical and functional consulting services, and world-class monitoring and automation, Syntax serves corporations across a diverse range of industries and markets. Syntax has offices worldwide, and partners with Oracle, SAP, AWS, Microsoft, IBM, HPE, and other global technology leaders. Learn more about Syntax at www.syntax.com.

VANCOUVER, British Columbia, Dec. 17, 2020 (GLOBE NEWSWIRE) — Pretium Resources Inc. (TSX/NYSE: PVG) (“Pretivm” or the “Company”) announces that it, along with its wholly-owned subsidiary, Pretium Exploration Inc., has closed the previously announced sale (the “Transaction”) of the Snowfield property (“Snowfield”) to KSM Mining ULC (“KSM Mining”), a wholly-owned subsidiary of Seabridge Gold Inc. (“Seabridge”).

Under the terms of the Agreement, Pretivm has received US$100 million in cash, and will receive further consideration comprised of the following:

• A 1.5% net smelter royalty in respect to all production from Snowfield (the “NSR Royalty”).
• A US$20 million contingent cash payment (the “Deferred Payment”) payable within six months of the earlier of KSM Mining (or a parent company) completing a bankable feasibility study which includes production of reserves from Snowfield or the commencement of commercial production from Snowfield or any part of Snowfield. US$15 million of the Deferred Payment represents an advance NSR Royalty payment and shall offset amounts payable under the NSR Royalty.

“The divestment surfaces immediate value for a non-core asset and accelerates our plans to deleverage our balance sheet,” said Jacques Perron, President and Chief Executive Officer of Pretivm. “Combining Snowfield with Seabridge’s other assets creates synergies of scale that improves the likelihood it will reach production and the royalty ensures our participation in that long-term success.”

The cash proceeds of the Transaction will be applied to the revolving portion of Pretivm’s credit facility, which as of September 30, 2020 had an outstanding principal balance of US$198.0 million.

The transaction will result in a non-cash impairment loss to be recorded in the fourth quarter of 2020. Complete financial results, including the non-cash impairment loss will be disclosed in the Company’s fourth quarter 2020 operational and financial results. As of September 30, 2020, the book value of Snowfield was US$232.1 million.

About Pretivm

Pretivm is an intermediate gold producer with the high-grade gold underground Brucejack Mine.

For further information contact:

Troy Shultz
Manager, Investor Relations &
Corporate Communications

Pretium Resources Inc.

Suite 2300, Four Bentall Centre, 1055 Dunsmuir Street
PO Box 49334 Vancouver, BC V7X 1L4
(604) 558-1784
[email protected]
(SEDAR filings: Pretium Resources Inc.)

Regarding Forward-Looking Statements

This news release contains “forward-looking information” and “forward looking statements” within the meaning of applicable Canadian and United States securities legislation (collectively herein referred to as “forward-looking information”), including the “safe harbour” provisions of Canadian provincial securities legislation and the U.S. Private Securities Litigation Reform Act of 1995, Section 21E of the U.S. Securities Exchange Act of 1934, as amended, and Section 27A of the U.S. Securities Act of 1933, as amended. Wherever possible, words such as “plans”, “expects”, “guidance”, “projects”, “assumes”, “budget”, “strategy”, “scheduled”, “estimates”, “forecasts”, “anticipates”, “believes”, “intends”, “modeled”, “targets” and similar expressions or statements that certain actions, events or results “may”, “could”, “would”, “might” or “will” be taken, occur or be achieved, or the negative forms of any of these terms and similar expressions, have been used to identify forward-looking information. Forward-looking information may include but is not limited to the Agreement and its terms, the Transaction, including consideration to Pretivm and the timing thereof, the planned use of proceeds from the Transaction, and the effects of the Transaction on Pretivm’s financial condition, liquidity and capital resources, and financial statements and financial results. Forward-looking information is subject to a variety of known and unknown risks, uncertainties and other factors that could cause actual results, actions, events, conditions, performance or achievements to materially differ from those expressed or implied by the forward-looking information including, without limitation, developments with respect to the COVID-19 pandemic, including the duration, severity and scope of the pandemic and the potential impacts thereof; significant governmental regulations, including environmental regulations; non-compliance with permits that are obtained or delay in obtaining or renewing, or failure to obtain or renew permits required in the future; compliance with emerging climate change regulation and the detrimental effects of climate change; potential opposition from non-governmental organizations; uncertainty regarding unsettled First Nations rights and title in British Columbia; uncertainties related to title to our mineral properties and surface rights; land reclamation and mine closure requirements; the potential impact of the consummation of the Transaction on relationships, including with regulatory bodies and local communities; and such other risks as identified in our public disclosure documents as filed in Canada on SEDAR at www.sedar.com and in the United States through EDGAR at the Security and Exchange Commission’s (the “SEC”) website at www.sec.gov (collectively, the “Pretivm Disclosure Documents”). Our forward-looking information is based on the assumptions, beliefs, expectations and opinions of management on the date the statements are made, including, without limitation, future price of gold and silver and other metal prices; the accuracy of our Mineral Resource and Mineral Reserve estimates and related information, analyses and interpretations; timing and receipt of governmental, regulatory and third party approvals, consents, licenses and permits; obtaining required renewals for existing approvals, consents, licenses and permits; the geopolitical, economic, permitting and legal climate that we operate in; the adequacy of our financial resources; commodity prices; currency exchange rates and interest rates; political and regulatory stability; requirements under applicable laws; market competition; positive relations with local groups; favourable equity and debt capital markets; stability in financial capital markets; the impact of the COVID-19 pandemic; and such other assumptions as set out in the Pretivm Disclosure Documents. Forward-looking information is not a guarantee of future performance. There can be no assurance that forward-looking information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such information. Forward-looking information involves statements about the future and is inherently uncertain, and our actual achievements or other future events or conditions may differ materially from those reflected in the forward-looking information due to a variety of risks, uncertainties and other factors. We do not assume any obligation to update forward-looking information, whether as a result of new information, future events or otherwise, other than as required by applicable law. For the reasons set forth above, readers should not place undue reliance on forward-looking information. Neither the TSX nor the NYSE has approved or disapproved of the information contained herein.

LOUGHBOROUGH, England, Dec. 17, 2020 (GLOBE NEWSWIRE) — Nemaura Medical, Inc. (NASDAQ: NMRD) (“Nemaura” or the “Company”), a medical technology company focused on developing and commercializing non-invasive wearable diagnostic devices and supporting personalized lifestyle coaching programs, today announces the official launch of its flagship program, BEAT®diabetes, and the availability of its proprietary non-invasive, daily-wear adhesive glucose monitor, proBEAT™.

The program is supported with the proBEAT™ monitor, the world’s first non-invasive, daily-wear glucose monitoring patch used in conjunction with a smartphone app. proBEAT™ was developed as a flexible wear patch, to provide feedback and actionable insights to users in to factors that affect blood glucose fluctuations. In addition, algorithms will provide predictive information that supplies the user suggestions such as smart eating choices, exercise and other potential lifestyle changes over the long term. The program has been clinically validated to help achieve weight loss and monitor exercise.

The program also features continuous one-on-one support through its AI avatar, Lena, who learns about user habits and regularly becomes more familiar with each user. As new information is processed, Lena offers feedback and encouragement as well as helpful ideas to help users not only improve their health, but potentially reverse diabetes.

“The official launch of the BEATdiabetes program in the United States provides first access to many of the proprietary life management tools that come with the program. The smartphone and tablet app provides users with our scientifically validated, personalized coaching driven by our digital platform. The program is supported with Nemaura’s unique non-invasive glucose monitor. We believe this is the first device of its kind on the market and will provide users with an unprecedented, personalized set of tools designed to help reduce diabetes risk and even potentially reverse Type 2 diabetes with continued and dedicated use,” commented Dr. Faz Chowdhury, Nemaura’s Chief Executive Officer.

For additional information access the program website at www.beatdiabetes.life.

About Nemaura Medical, Inc.

Nemaura Medical Inc. is a medical technology company developing and commercializing non-invasive wearable diagnostic devices. The company is currently commercializing sugarBEAT® and proBEAT™. sugarBEAT®, a CE mark approved Class IIb medical device, is a non-invasive and flexible continuous glucose monitor (CGM) providing actionable insights derived from real time glucose measurements and daily glucose trend data, which may help people with diabetes and pre-diabetes to better manage, reverse, and prevent the onset of diabetes. Nemaura has submitted a PMA (Premarket Approval Application) for sugarBEAT® to the U.S. FDA. proBEAT™ combines non-invasive glucose data processed using artificial intelligence and a digital healthcare subscription service and is expected to be launched in the U.S. as a general wellness product.  

The Company sits at the intersection of the global Type 2 diabetes market that is expected to reach nearly $59 billion by 2025, the $50+ billion pre-diabetic market, and the wearable health-tech sector for weight loss and wellness applications that is estimated to reach $60 billion by 2023.

For more information, please visit www.NemauraMedical.com.

Cautionary Statement Regarding Forward-Looking Statements:

The statements in this press release that are not historical facts may constitute forward-looking statements that are based on current expectations and are subject to risks and uncertainties that could cause actual future results to differ materially from those expressed or implied by such statements. Those risks and uncertainties include, but are not limited to, the launch of proBEAT™ in the US, risks related to regulatory status and the failure of future development and preliminary marketing efforts, Nemaura’s ability to secure additional commercial partnering arrangements, risks and uncertainties relating to Nemaura and its partners’ ability to develop, market and sell proBEAT™, the availability of substantial additional equity or debt capital to support its research, development and product commercialization activities, and the success of its research, development, regulatory approval, marketing and distribution plans and strategies, including those plans and strategies related to both proBEAT™ digital health, and sugarBEAT®. There can be no assurance that the company will be able to reach a part of or any of the global market for CGM with its products/services. The FDA reserves the right to re-evaluate their decision that proBEAT™ qualifies as a general wellness product should it become aware of any issues such as skin irritation or other adverse events from the device, as well as any misuse impacting patient safety, and any other reason as the FDA may see fit at its discretion to determine the product does not fit the definition of a general wellness product. These and other risks and uncertainties are identified and described in more detail in Nemaura’s filings with the United States Securities and Exchange Commission, including, without limitation, its Annual Report on Form 10-K for the most recently completed fiscal year, its Quarterly Reports on Form 10-Q, and its Current Reports on Form 8-K. Nemaura undertakes no obligation to publicly update or revise any forward-looking statements.

Contact:

Jules Abraham
CORE IR
917-885-7378
[email protected]

BEVERLY, Mass., Dec. 17, 2020 (GLOBE NEWSWIRE) — LexaGene Holdings, Inc., (TSX-V: LXG; OTCQB: LXXGF) (the “Company”), a molecular diagnostics company that develops fully automated rapid pathogen detection systems, is pleased to announce that it will place MiQLab™ systems into the busy clinical practices of two specialty and emergency veterinary hospitals as part of LexaGene’s Early Access Program.

LexaGene will provide access to its point-of-care technology to both Veterinary Specialty Hospital (VSH) of Palm Beach Gardens, Florida, as well as to Denver Animal Emergency (Denver) in Denver, North Carolina. Both practices will evaluate the MiQLab system and MiQLab Bacterial AMR Test in specialty and critical care settings using a range of sample types.

Dr. Jack Regan, LexaGene’s CEO and Founder states, “We are very excited to be placing MiQLab systems at innovative veterinary hospitals like VSH and Denver. We expect these systems to demonstrate the advantage of having in-house automated rapid testing for pathogens and antibiotic resistance markers, which is expected to improve patient care and clinical outcomes. The feedback we receive from these industry leading practices will help us in our efforts to gain wide adoption in this market.”

MiQLab-generated data will be evaluated against traditional culture and sensitivity testing that typically takes 3-5 days for results. By contrast, MiQLab provides results fast enough to allow care providers to make knowledge-based decisions for timely patient care. This is particularly important for appropriately treating animals infected with multi-drug resistant pathogens.

Dr. Jorg Bucheler, DVM, PhD, DACVIM (SAIM), ECVIM and practice owner of VSH states, “I am very pleased that VSH will be able to evaluate LexaGene’s MiQLab system. We pride ourselves on using the very latest technology and techniques in specialty and critical care to deliver the highest level of service we can provide our patients. Having access to rapid PCR in-clinic testing will allow us to triage critical and complicated infections more effectively.”

Dr. Andrew Pierce, DVM, Owner and Medical Director of Denver adds, “We are looking forward to gaining access to LexaGene’s MiQLab system for testing in our emergency care practice. To have this type of technology available where rapid time-to-answer really matters is ground-breaking for our line of work.”

LexaGene expects to place systems for these evaluations shortly after the new year.

To be added to the LexaGene email list, please subscribe on the Company website.

On Behalf of the Board of Directors

Dr. Jack Regan

Chief Executive Officer & Director

About LexaGene Holdings Inc.

LexaGene is a molecular diagnostics company that develops molecular diagnostic systems for pathogen detection and genetic testing for other molecular markers for on-site rapid testing in veterinary diagnostics, food safety and for use in open-access markets such as clinical research, agricultural testing and biodefense. End-users simply need to collect a sample, load it onto the instrument with a sample preparation cartridge, enter sample ID and press ‘go’. The MiQLab™ system delivers excellent sensitivity, specificity, and breadth of detection and can return results in approximately one hour. The unique open-access feature is designed for custom testing so that end-users can load their own real-time PCR assays onto the instrument to target any genetic target of interest.

About
VSH

Veterinary Specialty Hospital of Palm Beach Gardens in Florida provides specialty and critical/emergency 24-hour care to thousands of patients each year, treating complex veterinary cases in areas such as surgery, oncology, dermatology, neurology, cardiology, and internal medicine.

About
Denver

Denver Animal Emergency, located in North Carolina, provides 24/7 emergency care to support pet owners and local veterinary practices during critical times.

For further information, please contact:

Media Contacts

Nicole Ridgedale
Director of Corporate Marketing, LexaGene
800.215.1824 ext 206
[email protected]

Investor Relations

Jay Adelaar
Vice President of Capital Markets, LexaGene
800.215.1824 ext 207
[email protected]

The TSX Venture Exchange Inc. has in no way passed upon the merits of the proposed transaction and has neither approved nor disapproved the contents of this press release. Neither TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

This news release contains forward-looking information, which involves known and unknown risks, uncertainties and other factors that may cause actual events to differ materially from current expectation. Important factors — including the availability of funds, the results of financing efforts, the success of technology development efforts, the cost to procure critical parts, performance of the instrument, market acceptance of the technology, regulatory acceptance, and licensing issues — that could cause actual results to differ materially from the Company’s expectations as disclosed in the Company’s documents filed from time to time on SEDAR (see 

www.sedar.com

). Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The company disclaims any intention or obligation, except to the extent required by law, to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise.