ResMed Completes Acquisition of MEDIFOX DAN, a German Leader in Out-of-Hospital Care Management Software Solutions

–  Acquisition expands ResMed’s SaaS business to Germany, first non-U.S. market

–  Outpatient therapy services added to ResMed’s growing SaaS offering portfolio

–  Purchase price of €958.6 million (US$997.5 million); deal will be accretive to non-GAAP diluted earnings per share

SAN DIEGO and HILDESHEIM, Germany, Nov. 22, 2022 (GLOBE NEWSWIRE) — ResMed (NYSE: RMD, ASX: RMD) today announced it has completed its €958.6 million acquisition of MEDIFOX DAN, a German leader in software solutions for a wide variety of out-of-hospital care providers.

MEDIFOX DAN is headquartered in Hildesheim, Germany, with over 700 employees. It now operates under its current brand within the ResMed SaaS business segment. Its administrative, financial, and operational solutions are mission-critical for out-of-hospital care providers, providing care documentation, personnel planning, administration, billing, and more – similar to the solutions of ResMed’s leading U.S. SaaS brands, MatrixCare and Brightree.

“We’re excited to have closed this important expansion of our SaaS business, and to officially welcome MEDIFOX DAN to our ResMed SaaS team and global ResMed family,” said ResMed CEO Mick Farrell. “MEDIFOX DAN is a German leader in software innovation, united with the rest of ResMed in its mission to improve tens of millions of people’s lives through technology. Today, its strong offerings and dedicated staff expand ResMed’s out-of-hospital SaaS business into new health sectors, and to build on our strong ResMed healthcare business in Germany, the world’s second largest healthcare market in per capita spending.”

“Starting today, we are continuing our success story as part of the ResMed family,” said MEDIFOX DAN Co-Managing Directors Dr. Thorsten Schliebe and Christian Städtler. “With ResMed, we have found an ideal partner –global leaders in digital health, cloud-based SaaS solutions with emphasis on innovation, data privacy and data security – with which we can continue to grow, develop, and provide our customers with secure, state-of-the-art software solutions and services, so they can navigate the challenges of their daily caregiving routines in the best possible way.”

ResMed intends to retain MEDIFOX DAN’s employees, locations, and business processes. MEDIFOX DAN will report into ResMed SaaS President Bobby Ghoshal.

About ResMed
At ResMed (NYSE: RMD, ASX: RMD) we pioneer innovative solutions that treat and keep people out of the hospital, empowering them to live healthier, higher-quality lives. Our digital health technologies and cloud-connected medical devices transform care for people with sleep apnea, COPD, and other chronic diseases. Our comprehensive out-of-hospital software platforms support the professionals and caregivers who help people stay healthy in the home or care setting of their choice. By enabling better care, we improve quality of life, reduce the impact of chronic disease, and lower costs for consumers and healthcare systems in more than 140 countries. To learn more, visit ResMed.com and follow @ResMed.

About MEDIFOX DAN
The MEDIFOX DAN Group, headquartered in Hildesheim, Germany, currently employs over 700 people at nine locations nationwide and specializes in the development of innovative software solutions and services for professional and non-professional care, therapeutic practices and child, family, and youth welfare facilities. In addition, digital solutions for modern training and education management – both for professional care and family caregivers – expand the group’s comprehensive product portfolio. What started as a small start-up developed into a firmly established software company. Besides holistic product solutions, MEDIFOX DAN has always been characterized by strong partnerships and innovative services. Behind MEDIFOX DAN stands a team of innovative minds, over 55 years of industry experience and cumulative expertise, that works every day to set trendsetting standards for digitization in the health and social care sector and to drive innovation forward. In short: We are more than just software.

For media
In Germany: resmedGER@allisonpr.com
Rest of world: Jayme Rubenstein, +1 508.769.8440, news@resmed.com

For investors
Amy Wakeham, +1 858.836.5000, investorrelations@resmed.com

GlobeNewswire Distribution ID 8701597

Customer-centric innovation – How CNH Industrial is shaping the future of agriculture

Analyzing data at the Raven Innovation Campus

Analyzing data at the Raven Innovation Campus, South Dakota, U.S.A., helping to advance farming through innovation.

Watch the latest video on cnhindustrial.com

London, November 22, 2022

Sioux Falls, South Dakota, U.S.A. is the location of CNH Industrial’s main innovation hub and headquarters for its Raven Brand.

This video goes behind-the-scenes at the Brand’s impressive HQ and at its R&D campus a few miles north, documenting the process of how we develop new technologies. “Here we collaborate with and listen to our customers to help advance farming through innovation,” says Erin Rinehart, Director of Strategic Marketing, Raven. Customer input and feedback accelerate the development cycle.

We meet some of the passionate Raven employees and their customers, and see new products being tested as well as data gathered, processed, and analyzed. Raven is breaking new ground in digital agriculture, precision technology and autonomous systems and putting innovation to work.

Breaking New Ground

Breaking new ground with Raven, South Dakota, U.S.A.

Watch here: bit.ly/BreakingNewGround_en

CNH Industrial (NYSE: CNHI / MI: CNHI) is a world-class equipment and services company. Driven by its purpose of Breaking New Ground, which centers on Innovation, Sustainability and Productivity, the Company provides the strategic direction, R&D capabilities, and investments that enable the success of its global and regional Brands. Globally, Case IH and New Holland Agriculture supply 360° agriculture applications from machines to implements and the digital technologies that enhance them; and CASE and New Holland Construction Equipment deliver a full lineup of construction products that make the industry more productive. The Company’s regionally focused Brands include: STEYR, for agricultural tractors; Raven, a leader in digital agriculture, precision technology and the development of autonomous systems; Flexi-Coil, specializing in tillage and seeding systems; Miller, manufacturing application equipment; Kongskilde, providing tillage, seeding and hay & forage implements; and Eurocomach, producing a wide range of mini and midi excavators for the construction sector, including electric solutionsAcross a history spanning over two centuries, CNH Industrial has always been a pioneer in its sectors and continues to passionately innovate and drive customer efficiency and success. As a truly global company, CNH Industrial’s 37,000+ employees form part of a diverse and inclusive workplace, focused on empowering customers to grow, and build, a better world.

Raven Innovation Campus, South Dakota, U.S.A.

Testing our products at the Raven Innovation Campus, South Dakota, U.S.A.

For more information and the latest financial and sustainability reports visit: cnhindustrial.com

For news from CNH Industrial and its Brands visit: media.cnhindustrial.com

Media contacts:

Rebecca Fabian Anna Angelini
North America United Kingdom
Tel. +1 312 515 2249 Tel. +44 (0)7725 826 007

mediarelations@cnhind.com

 

Attachments

GlobeNewswire Distribution ID 1000768258

CryptoDATA Tech กลายเป็นผู้ถือหุ้นส่วนใหญ่และผู้ถือหุ้นที่มีส่วนร่วมในการบริหารงานของทีม RNF MotoGP

CryptoDATA Tech becomes RNF MotoGP Team majority and strategic shareholder

RNF Racing Ltd. is pleased to announce a new majority shareholder with CryptoDATA Tech, a blockchain-applied technologies pioneer and developer of hardware and software cybersecurity solutions. This strategic investment marks a significant milestone and a beginning of a new era for the fifteen months old RNF MotoGP team.*Ovidiu Toma – CEO CryptoDATA Tech (left), Carmelo Ezpeleta – CEO Dorna Sports (left-center), Razlan Razali – Team Principal RNF MotoGP Team (right-center), Bogdan Mărunțiș – Global Strategy CryptoDATA Tech (right).

บูคาเรสต์ โรมาเนีย, Nov. 22, 2022 (GLOBE NEWSWIRE) — CryptoDATA Tech ซึ่งเป็นผู้บุกเบิกและพัฒนาเทคโนโลยีที่ประยุกต์ใช้กับบล็อกเชนสำหรับโซลูชันด้านความปลอดภัยทางไซเบอร์ของฮาร์ดแวร์และซอฟต์แวร์ มีความยินดีที่จะประกาศการเข้าถือหุ้นใหญ่ใน RNF Racing Ltd การลงทุนเชิงกลยุทธ์นี้ถือเป็นจุดสำคัญและเป็นจุดเริ่มต้นของยุคใหม่สำหรับทีม RNF MotoGP ที่มีอายุ 15 เดือนและการถือครองของบริษัทจากโรมาเนียบริษัทนี้

หลังจากที่ก่อนหน้านี้ได้มีการประกาศให้บริษัทรักษาความปลอดภัยทางไซเบอร์แห่งนี้เป็นพาร์ทเนอร์ระดับพรีเมี่ยมอย่างเป็นทางการสำหรับการแข่งขันสามรายการสุดท้ายของฤดูกาลไปแล้ว CryptoDATA ก็ได้กลายเป็นพาร์ทเนอร์ที่แบ่งปันทั้งความมุ่งมั่นและค่านิยม อีกทั้งยังได้ตระหนักถึงศักยภาพของทีม MotoGP ในระยะยาวอีกด้วย

เมื่อ CryptoDATA เป็นผู้ถือหุ้นใหญ่แล้ว วิสัยทัศน์และกลยุทธ์ก็คือการต่อยอดจากการแข่งรถไปสู่ขยายธุรกิจและบริการไปสู่กีฬามอเตอร์สปอร์ตเป็นหลักใน MotoGP อีกทั้งรับบทบาทของการเป็นธุรกิจและการสร้างแบรนด์ของทีมด้วย ทางทีม RNF MotoGP จะยังคงเข้าร่วมการแข่งขัน FIM MotoGP World Championship ระดับชั้นนำต่อไปในฐานะทีมอิสระ โดยมี Razlan Razali ผู้อำนวยการทีมที่จะยังคงเป็นหัวหอกในการมุ่งเน้นไปที่ด้านกีฬาและด้านเทคนิคของทางทีม

ทีม RNF MotoGP และ CryptoDATA จะเปิดตัวดีไซน์พิเศษในวันแข่งที่ Valencia Grand Prix ร่วมกับการแข่งรถครั้งสุดท้ายของฤดูกาลและเพื่อเป็นจุดเริ่มต้นของเหตุการณ์สำคัญทางประวัติศาสตร์นี้ด้วย

Razlan Razali ผู้ก่อตั้งและหัวหน้าทีมของ RNF Racing Ltd
กล่าวว่า “วันนี้เป็นวันสำคัญทางประวัติศาสตร์สำหรับทางทีมครับ ผมขอขอบคุณ CryptoDATA ที่ให้ความไว้วางใจในตัวผมและทางทีมเพื่อสร้างอนาคตร่วมกัน”

“ในช่วงเวลาสั้น ๆ นี้เอง การพูดคุยกันก็ได้พัฒนากลายเป็นพันธสัญญาระยะยาว เราได้ขยายความร่วมมือของเรา และตามที่ผมได้กล่าวไว้ก่อนหน้านี้เลยครับว่านี่เป็นความร่วมมือที่ยอดเยี่ยมมาก การรวมตัวกันของทั้งสองบริษัทจะช่วยผลักดันให้ทางทีมไม่เพียงแต่สามารถสร้างผลงานในการแข่งรถเท่านั้น แต่ยังทำให้ทางด้านธุรกิจของทีมเติบโตขึ้นด้วย และนี่จะเป็นจุดที่ทั้งสองฝ่ายมาร่วมมือกันเพื่อแบ่งปันความเชี่ยวชาญและประสบการณ์ซึ่งกันและกัน เป้าหมายหลักของผมคือการทำให้แน่ใจว่าทางทีมจะต่อสู้เพื่อตำแหน่งแชมป์ ในขณะที่ทีมงานของ CryptoDATA ซึ่งประกอบด้วยบุคคลหนุ่มสาวที่มีความฉลาด มีความริเริ่มสร้างสรรค์ และมีความทะเยอทะยานจะช่วยในการพัฒนากลยุทธ์เพื่อเสริมสร้างตำแหน่งของเราให้โดดเด่นในเรื่องนอกสนามด้วยครับ”

“ด้วยประสบการณ์จากความสำเร็จที่ผ่านมาของเรา ทีมงานเดิมที่ทั้งแข็งแกร่งและมีใจรักจากโรงรถ MotoGP ของเรา อีกทั้งไลน์อัพนักแข่งที่แข็งแกร่งนั้น ทำให้เราพร้อมที่จะกลับมาแข่งขันร่วมกับ CryptoDATA ในฤดูกาลหน้า”

Ovidiu TOMA ประธานเจ้าหน้าที่บริหารและผู้ก่อตั้ง CryptoDATA Tech กล่าวว่า
“เรามีความยินดีที่จะขยายความร่วมมือและกลายเป็นผู้ถือหุ้นใหญ่ของทีม RNF MotoGP MotoGP World Championship เป็นงานแสดงพิเศษและระดับนานาชาติ ซึ่งเป็นจักรวาลพิเศษที่กริดสตาร์ทจะเป็นเวทีสำหรับวีรบุรุษต่าง ๆ ซึ่ง CryptoDATA ได้พื้นที่มาเนื่องจากมีคุณค่าและวัตถุประสงค์ตรงกับกิจกรรมดังกล่าว เราได้กลายมาเป็นบริษัทโรมาเนียแห่งแรกที่ได้เป็นผู้สนับสนุนการแข่งขัน Moto Grand Prix ที่สนาม Red Bull ในปีนี้ และตอนนี้เรารู้สึกตื่นเต้นและมีแรงจูงใจมากกว่าที่เคยในการได้เป็นผู้ถือหุ้นใหญ่ในทีม RNF ครับ การได้เป็นผู้ถือหุ้นใหญ่ไม่เป็นเพียงแต่การแสดงให้เห็นถึงเหตุการณ์สำคัญในประวัติศาสตร์สำหรับ CryptoDATA เท่านั้น แต่ยังเป็นการเริ่มต้นใหม่และแรงจูงใจที่สำคัญอีกด้วย

“เราตั้งตารอการมาถึงของปี 2023 ด้วยความเชื่อว่าจะดีและมีความมั่นใจอย่างมาก เนื่องจากทีมของเรานั้นนำโดยผู้จัดการที่ผ่านการฝึกอบรม มึความจริงจัง อีกทั้งยังมีประสบการณ์อีกด้วย เราจะพยายามอย่างเต็มที่เพื่อสนับสนุนทีมในการบรรลุเป้าหมายและบรรลุศักยภาพสูงสุดใน MotoGP”

Bogdan Mărunşiş ผู้ก่อตั้งและผู้เชี่ยวชาญด้านกลยุทธ์ระดับโลกของ CryptoDATA Tech
กล่าวว่า “เรายินดีอย่างยิ่งครับที่จะประกาศความร่วมมือกับทีม RNF และทางเรามั่นใจครับว่าจะสามารถช่วยทีมกำหนดเป้าหมายเชิงกลยุทธ์ในฤดูกาลที่กำลังจะมาถึง อีกทั้งช่วยกำหนดเป้าหมายการดำเนินงานระยะยาวทั้งในและนอกสนามด้วย เราต้องการเริ่มต้นในการเปลี่ยนแปลงของทีมให้กลายเป็นธุรกิจที่ประสบความสำเร็จที่จะมอบประสบการณ์ที่ไม่เหมือนใครให้กับแฟน ๆ และพันธมิตรของเรา และในขณะเดียวกันก็ส่งเสริมคุณค่าแบรนด์ของเราในซีรีส์การแข่งรถระดับโลกชั้นนำควบคู่ไปด้วยครับ”

“ในฐานะตัวแทนของ CryptoDATA เราจะรับผิดชอบในการจัดการเชิงกลยุทธ์ของธุรกิจ และจะทำงานเพื่อให้ความมั่นคงและเสริมสร้างจุดยืนของทีมในโลก MotoGP และในโลกธุรกิจต่อไป”

Carmelo Ezpeleta ประธานกรรมการบริหาร Dorna Sports S. กล่าวL,
“ข้อตกลงที่ Razlan Razali ได้บรรลุกับ CryptoDATA นั้นจะช่วยให้เขาสามารถรักษาทั้งความเป็นไปได้และตัวตนของโครงการเขาใน MotoGP ได้ เรามีความยินดีมากครับที่ได้เห็นผู้สนับสนุนรายใหม่เข้ามาสนับสนุนทีม โดยเฉพาะอย่างยิ่งผู้สนับสนุนที่ Dorna นำมาสู่การแข่งขัน เรารู้สึกดีกับความสัมพันธ์กับ CryptoDATA ที่ Austrian Grand Prix เนื่องจากพวกเขามีความคิดที่จะพัฒนาและความคิดที่จะรวมสิ่งต่าง ๆ เข้าด้วยกันกับ Aprilia ในปีหน้า ซึ่งจะเป็นความมั่นคงที่ MotoGP ต้องการ และนี่ถือว่าเป็นการต้อนรับ CryptoDATA สู่ MotoGP ที่อบอุ่นมากเลยครับ ความจริงที่ว่าพวกเขาไม่ได้จำกัดเพียงแค่การมีส่วนร่วมในพื้นที่การสนับสนุน แต่มีส่วนร่วมทั้งทีมนั้นแสดงให้เห็นถึงความสำคัญในกีฬามอเตอร์สปอร์ต และโดยเฉพาะอย่างยิ่งใน MotoGP เราทราบดีว่า Razlan ได้รับคำขอมากมาย และเราเชื่อว่าเขาได้เลือกทางเลือกที่ดีที่สุดสำหรับอนาคตและเพื่อทำให้โครงสร้างของเขามั่นคงขึ้น”

เกี่ยวกับทีม RNF MotoGP

การเริ่มต้นใหม่ ความร่วมมือที่เหนือกว่าการแข่งรถ RNF MotoGP Team จะเปิดตัวในการแข่งขัน FIM MotoGP World Championship ปี 2023 ซึ่งเป็นการแข่งขันในระดับพรีเมียร์ในฐานะทีมสนับสนุนทีมแรกของ Aprilia ซึ่งจะมีการแสดงโชว์โดย Miguel Oliveira นักบิด MotoGP ชาวโปรตุเกสผู้ชนะการแข่งขัน 5 สมัยพร้อมด้วย Raul Fernandez นักบิดหนุ่มชาวสเปนหน่วยก้านดีผู้มีตำแหน่งรองแชมป์ในการแข่งขัน Moto2 World Champion ในปี 2021

การเพิ่ม CryptoDATA เข้ามาในทีม RNF MotoGP จะนำมาซึ่งความยั่งยืนทั้งในและนอกสนามแข่ง เนื่องจากนี่จะเป็นตัวกำหนดทิศทางในการพัฒนาและปรับปรุงประสิทธิภาพในฤดูกาลที่กำลังจะมาถึง ทางทีมจะทำงานร่วมกันในสองภารกิจให้กับทีม โดยมี CryptoDATA เป็นหัวหอกในด้านธุรกิจ ในขณะที่ RNF MotoGP Team จะมุ่งเน้นไปที่ด้านกีฬา

ความหลงใหลที่เรามีร่วมกันในด้านสมรรถนะ นวัตกรรม และเทคโนโลยีจะนำคุณค่าที่สดใหม่และไม่เหมือนใครมาสู่โลกแห่งมอเตอร์สปอร์ต

เกี่ยวกับ CryptoDATA Tech

CryptoDATA Tech เป็นตัวแทนระดับโลกในการส่งเสริมความสำคัญของความปลอดภัยของข้อมูลและความเป็นส่วนตัวทางดิจิทัลให้กับทั่วโลก บริษัทได้บุกเบิกการพัฒนาบริการและผลิตภัณฑ์บนพื้นฐานของเทคโนโลยีบล็อกเชน ที่จะช่วยให้การสื่อสารเป็นส่วนตัวและปลอดภัย อีกทั้งตอบสนองความต้องการของผู้ทำงานร่วมกันและผู้ใช้เทคโนโลยีทั่วโลก Wisprเป็นหนึ่งในผลิตภัณฑ์หลักของทางบริษัท โดย Wispr เป็นแอปส่งข้อความออนไลน์ที่ช่วยให้แฟน ๆ กีฬามอเตอร์สปอร์ตสามารถแลกเปลี่ยนข้อความได้โดยไม่มีข้อจำกัดจากทุกที่ทั่วโลก ดังนั้นมันจึงช่วยเติมเต็มความหลงใหลและปณิธานของชุมชนกีฬามอเตอร์สปอร์ตได้เป็นอย่างดี

รายละเอียดการติดต่อ:
Cosmin Bidileci
อีเมล: cosmin.bidileci@cryptodata.com
โทรศัพท์: +40750803241

ดูรูปประกอบเกี่ยวกับประกาศนี้ได้ที่ https://www.globenewswire.com/NewsRoom/AttachmentNg/20df630c-2d9c-492f-b7ba-86fb45772f70

GlobeNewswire Distribution ID 1000768263

U.S. Polo Assn. and Arvind Fashions Limited Win Two Prestigious Myntra Tech Thread Awards in India

U.S. Polo Assn.

U.S. Polo Assn.

WEST PALM BEACH, Fla./GUJARAT, India, Nov. 22, 2022 (GLOBE NEWSWIRE) — USPA Global Licensing Inc. (USPAGL) and Arvind Fashions Limited today announced that U.S. Polo Assn., the official brand of the United States Polo Association (USPA), has been awarded the “Best Men’s Casualwear Brand” for the third consecutive year and “Best Casual Footwear Brand” for the second time at the Myntra Tech Thread Awards 2022. The multi-billion-dollar, sport-inspired global brand won the highly contested awards over other leading, global brands.

Myntra is the most recognized e-commerce fashion platform in India, selling a wide range of products from categories like apparel, beauty, footwear, bags and more. Myntra Tech Thread Awards recognizes the dynamic shift in the current business world and the necessity of companies having to re-think experiences, build stronger partnerships and adapt to disruptions in the market.

“We would like to thank Myntra, its team, and all of our loyal customers on the Myntra platform for the honor given to Arvind and U.S. Polo Assn.,” said Amitabh Suri, CEO, Arvind Fashions Limited’s U.S. Polo Assn. India. “Myntra and U.S. Polo Assn. go back a long way. What began as a business engagement many years back has today transcended into a champion partnership, due to a shared passion for the business, innovation and a customer-obsessed culture.”

Today, U.S. Polo Assn. has reached $1.8 billion in global retail sales, achieved double-digit growth, and expanded its footprint to include 190 countries and more than 1,200 U.S. Polo Assn. retail stores worldwide, more than 400 of them being in India.

J. Michael Prince, President and CEO of USPA Global Licensing, who oversees the overall multi-billion-dollar world-class U.S. Polo Assn. brand, added, “Arvind Fashions Limited is a partner who understands the sport-inspired DNA of the U.S. Polo Assn. brand. I thank the Arvind team for their outstanding contributions as global partners and for playing a major role in U.S. Polo Assn.’s global success.”

Myntra Tech Thread Awards brings together more than 250 leading domestic and global fashion brands to celebrate the business of fashion. This year focused on the future of fashion ranging from technology and social commerce, evolving consumer behavior and the transformation of fashion retail in India in today’s global market.

About U.S. Polo Assn. and USPA Global Licensing Inc. (USPAGL)

U.S. Polo Assn. is the official brand of the United States Polo Association (USPA), the nonprofit governing body for the sport of polo in the United States and one of the oldest sports governing bodies, having been founded in 1890. With a multi-billion-dollar global footprint and worldwide distribution through some 1,200 U.S. Polo Assn. retail stores and thousands of department stores as well as sporting goods channels, independent retailers and e-commerce, U.S. Polo Assn. offers apparel for men, women, and children, as well as accessories and footwear in 190 countries worldwide. Today, U.S. Polo Assn. is ranked the 28th largest licensor in the world and within the top five sports licensors, according to License Global’s 2022 list of “Top Global Licensors.” Visit uspoloassnglobal.com.

USPA Global Licensing Inc. (USPAGL) is the for-profit subsidiary of the USPA and its exclusive worldwide licensor. USPAGL manages the global, multi-billion-dollar U.S. Polo Assn. brand and is the steward of the USPA’s intellectual properties, providing the sport with a long-term source of revenue. Through its subsidiary, Global Polo Entertainment (GPE), USPAGL also manages Global Polo TV, the world’s leading digital platform with polo and lifestyle content. In addition, USPAGL partners with ESPN and beIN Sports globally to share the sport of polo broadcasts on television and on-demand to millions of viewers around the world. For more polo content visit globalpolo.com.

About Arvind Fashions Limited

Arvind Fashions Limited is India’s number one casual and denim brand, a lifestyle powerhouse with a strong portfolio of fashion brands catering to consumers across many sub-categories and price points. With a host of renowned brands, both indigenous and international, like U.S. Polo Assn., ARROW, Calvin Klein, Flying Machine and Sephora, the global industry leader has a presence across lifestyle brands, value fashion and prestige beauty. Visit arvindfashions.com.

Contact Information:
Stacey Kovalsky
Senior Director, Global Communications
skovalsky@uspagl.com
+001.561.790.8036

Deepansh Bhargava
Vice President, Marketing, U.S. Polo Assn. India at Arvind Fashions Limited
deepansh.bhargava@arvindbrands.co.in
+91 9343897011

Kaela Drake
PR & Communications Coordinator
kdrake@uspagl.com
+001.561.461.8596

Related Images

Image 1: U.S. Polo Assn.

U.S. Polo Assn.

This content was issued through the press release distribution service at Newswire.com.

Attachment

GlobeNewswire Distribution ID 8701886

Quantexa Launches Global Community Site to Accelerate Adoption and Deployment of Decision Intelligence Solutions

The Community will facilitate direct access to Quantexa subject-matter- experts, discussion forums, and support resources

LONDON, Nov. 22, 2022 (GLOBE NEWSWIRE) — Today, Quantexa, a global leader in Decision Intelligence (DI) solutions for the private and public sectors, launched its new online global community site. The site is set to serve as a hub for Quantexa team members, customers, and partners to collaborate, find information and share knowledge about Quantexa’s Decision Intelligence Platform and solutions.

The Community will provide a place to collaborate on topics including best practices and technical discussions, including, group forums with access to:

  • Technical best practice guides, success stories, and user generated content.
  • Tailored training and certification paths built by Quantexa’s subject matter experts.
  • Opportunities to provide solution feedback and feature requests directly to Quantexa.

Laura Hutton, Chief Customer Officer, Quantexa said, “Our focus remains on maximizing the ROI for our customers and partners and our new community site supports this continued effort. We are excited to give the teams working with our Decision Intelligence Platform an opportunity to interact with each other, continued structured learning opportunities, and a place to collaborate.”

Quantexa Community access can be requested at https://community.quantexa.com to unlock exclusive features, programs, and content.

ABOUT QUANTEXA
Quantexa is a global data and analytics software company pioneering Contextual Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Contextual Decision Intelligence Platform enhances operational performance with over 90% more accuracy and 60 times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than 500 employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Washington DC, Brussels, Toronto, Singapore, Melbourne, and Sydney. For more information, contact Quantexa here or follow us on LinkedIn.

Media Inquiries:

C: Dan Bird, Director, Fight or Flight
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000768136

Zapp, a High Performance Two-Wheel Electric Vehicle Company, to Become Publicly Traded via Business Combination with CIIG Capital Partners II

  • Zapp’s First Product, the i300 Performance City Bike, with its Carbon Composite Body, Delivers Premium Performance Capabilities to Urban Mobility Riders
  • Unique Charging Solution with Ultra-Lightweight (6kg) Portable Battery Pack that can be Charged via any Standard 220v/110v Wall Socket
  • Innovative Exoskeleton Architecture Integrates Zapp’s Design DNA, Provides Superior Performance Relative to Powered Two-Wheeler (“P2W”) Peers, Reduces Overall Components and Simplifies Manufacturing Assembly
  • Strategic Manufacturing Partnership with Summit Group Already in Place and at Start of Production
  • Asset-Light, Capital Efficient Business Model Aims to Achieve Near-Term Positive Free Cash Flow
  • Estimated Post-Transaction Enterprise Value of $573 Million with up to $274 Million in Net Cash to Fund Growth Assuming No Redemptions by CIIG II stockholders; No Minimum Cash Condition

NEW YORK and LONDON, Nov. 22, 2022 (GLOBE NEWSWIRE) — CIIG Capital Partners II, Inc. (Nasdaq: CIIG) (“CIIG II”), a U.S. publicly-listed blank check company, and Zapp Electric Vehicles Limited (“Zapp” or the “Company”), a UK-based, high-performance two-wheel electric vehicle company, have entered into a definitive business combination agreement. Upon closing of the transaction, the combined company, Zapp Electric Vehicles Group Limited, a Cayman Islands exempted company, is expected to list its ordinary shares on the Nasdaq under the ticker symbol “ZAPP”.

Zapp was founded in 2017 by a group of mobility experts with a vision and commitment to bring high-performance to urban mobility through original, advanced design with an emphasis on safety, quality, customer experience and full-cycle sustainability. Zapp’s first product to enter the market, the i300, has received widespread acclaim and consumer interest for its embodiment of these values.

Unlike other urban electric bikes, the i300 is built around an innovative exoskeleton architecture and is powered by an advanced British-designed electric motor, which enables it to match the acceleration of high-performance motorcycles in a step-through architecture. A lightweight alloy and composite bodywork allow for a slim total weight of just 108 kg (without battery packs). The i300’s interior permanent magnet electric motor and carbon fiber belt drive combine to drive acceleration from 0 to 30 mph (48km/h) in just 2.3 seconds and from 0 to 60 mph (97km/h) in 5.0 seconds.

The i300 utilizes ultra-portable lithium-ion battery packs weighing just 6 kg each. The battery packs can be charged from 20% to 80% via standard 220v/110v wall sockets in under 40 minutes. The portability of the battery packs makes the i300 easy to charge anywhere and at any time without reliance on a public charging network. The i300 is well-positioned to handle the average daily commute for urban drivers.

Zapp expects to implement a high-quality direct-to-customer experience called DSDTC (drop-ship-direct-to-customer). Once a customer places an online order, their selected model will be processed and conveniently delivered directly to their home by “Zappers,” who are independent service agents who perform deliveries in dedicated and purpose-designed plug-in hybrid service vans. Zappers also provide at-home inspection, service and support throughout the life of the vehicle. As part of Zapp’s full-stack e-commerce platform, customers are expected to have access to highly competitive leasing and insurance solutions.

Zapp also uses a Gen-2 sustainability design approach that requires fewer components and assembly steps and bodywork made from composites with green-to-make materials, with substantially all components being recyclable (or in the case of the battery packs, refurbished for a second use at end-of-life).

Zapp Investment Highlights

  • Large and Growing ~$130bn1 Global P2W Market: Strong organic and replacement demand for electrification in largely underpenetrated EV two-wheeler market provides an attractive opportunity for Zapp.
  • Innovator in High-Value EV “Urban Motorcycle” Category: Zapp is maximizing the benefits of EV technology through its creation of a new P2W category enabled by its ground-up design for an original and all-new vehicle architecture.
  • Portable and Powerful Battery Pack Technology: Zapp’s differentiated approach to battery packs addresses concerns with range anxiety and charging networks as its removable light weight battery packs can be charged via any standard 220v/110v wall sockets.
  • Highly Innovative Exoskeleton Architecture: Zapp’s innovative exoskeleton architecture lowers weight and creates simplified, efficient and low-cost assembly.
  • Low Capital Requirements Aiming to Achieve Near-Term Positive Free Cash Flow: Zapp has strategic partnerships with major Asian contract manufacturer Summit Group and receivables financing provider EXIM Bank.
  • Diversified and Experienced Management: The management team brings together proven entrepreneurs and professionals with deep domain expertise and thought leadership.

“Entering the public markets is an important milestone for Zapp and one we have been diligently working toward since our founding,” said Swin Chatsuwan, Founder and Chief Executive Officer of Zapp. “Combining with CIIG II and becoming a publicly listed company will enable us to scale our business, increase production and fulfill demand for electrification in the largely underpenetrated electric two-wheel market.”

Gavin Cuneo, CIIG II Co-Chief Executive Officer, added: “The two-wheel category is large, growing and highly fragmented. As the world quickly moves toward electric mobility, we expect this segment will be a leader globally. We believe Zapp’s combination of high design with high performance will allow them to capture share and take advantage of this momentum. We look forward to completing our business combination and working with Zapp’s world-class team to help accelerate their mission to revolutionize electric mobility.”

Transaction Overview

The combined company will have an estimated fully-diluted post-transaction enterprise value of $573 million, consisting of an estimated equity value of $852 million, $274 million in new cash to the balance sheet (assuming no redemptions by CIIG II public stockholders), and $5 million in existing cash2.

Cash proceeds raised will consist of CIIG II’s approximately $294 million cash in trust, net of redemptions. With no minimum cash condition, the cash in the CIIG II trust account is anticipated to support the Company’s growth capital needs, including Zapp’s production, marketing and sales efforts.

It is intended that 100% of existing Zapp shareholders will roll over their equity and, assuming no redemptions and full rollover, own approximately 59% of the pro forma equity of the combined company in connection with the transaction. The business combination has been approved by the boards of directors of both Zapp and CIIG II and is expected to close in the first half of 2023, subject to stockholder approvals and other customary closing conditions.

For a summary of the material terms of the proposed transaction, as well as a supplemental investor presentation, please see the Current Report on Form 8-K filed today with the U.S. Securities and Exchange Commission (the “SEC”). Additional information about the proposed transaction will be described in CIIG II’s proxy statement relating to the business combination, which it will file with the SEC.

Advisors

SPAC Advisory Partners, a division of Kingswood Capital Partners, is serving as exclusive financial advisor to Zapp Electric Vehicles. Latham & Watkins LLP is serving as legal advisor to Zapp Electric Vehicles. Weil Gotshal & Manges LLP, and Orrick, Herrington & Sutcliffe LLP are serving as legal advisors to CIIG Capital Partners II. Gateway Group is serving as Global Investor Relations Advisor and Media Relations for North America. Influence Mobility is serving as Global Media Relations for Zapp Electric Vehicles.

Further Information On The Transaction

For further information on the proposed transaction, please visit ciigpartners.com or the investor section of zappev.com.

About CIIG Capital Partners II, Inc

CIIG Capital Partners II, Inc. is a blank check company formed for the purpose of effecting a merger, capital stock exchange, asset acquisition, stock purchase, reorganization or similar business combination with one or more businesses. CIIG II’s units, Class A common stock and warrants trade on the Nasdaq under the ticker symbols “CIIGU,” “CIIG,” and “CIIGW” respectively.

About Zapp

Zapp Electric Vehicles Limited is a British company – run by a team of experts from the mobility industry – on a mission to redefine the electric two-wheeler segment. Launching its debut product in June 2022, Zapp created the i300 as an urban electric high-performance two-wheeler capable of traditional motorcycle levels of performance in a step-through format, combining ease of use with exhilaration and fun. The i300 is the first in a suite of high-performance electric two-wheelers expected to come to market from Zapp. Zapp is expected to operate a high-quality direct-to-customer (DTC) experience called DSDTC (drop-ship-direct-to-customer). Customers ordering the i300 online will have their bikes conveniently delivered to their home by “Zappers” who provide at-home inspection, service and support throughout the vehicle ownership lifecycle.

Investor Relations Contact:
Gateway Investor Relations
Cody Slach, Ralf Esper
(949) 574-3860
zapp@gatewayir.com

North America Media Relations Contact:

Gateway PR
Zach Kadletz
(949) 574-3860
zapp@gatewayir.com

Global Media Relations Contact:

Influence
Nick Francis
+44 7767615115
pr@zappev.com

Forward-Looking Statements

This document contains certain forward-looking statements within the meaning of U.S. federal securities laws with respect to the proposed business combination (the “Business Combination”) between Zapp, CIIG II and Zapp Electric Vehicles Group Limited (“PubCo”), including statements regarding the benefits of the transaction, the anticipated timing of the transaction, the anticipated growth in the industry in which Zapp operates and anticipated growth in demand for Zapp’s products, projections of Zapp’s future financial results and possible growth opportunities for Zapp. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “budget,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. These statements involve risks, uncertainties and other factors that may cause actual results, levels of activity, performance or achievements to be materially different from the information expressed or implied by these forward-looking statements. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including but not limited to: (i) the risk that the transaction may not be completed in a timely manner or at all, which may adversely affect the price of CIIG II’s securities, (ii) the risk that the transaction may not be completed by CIIG II’s business combination deadline and the potential failure to obtain an extension of the business combination deadline if sought by CIIG II, (iii) the failure to satisfy the conditions to the consummation of the transaction, including the adoption of the business combination agreement by the stockholders of CIIG II, (iv) the lack of a third party valuation in determining whether or not to pursue the proposed Business Combination, (v) the occurrence of any event, change or other circumstance that could give rise to the termination of the business combination agreement, (vi) the effect of the announcement or pendency of the transaction on Zapp’s business relationships, performance, and business generally, (vii) risks that the proposed Business Combination disrupts current plans of Zapp or diverts management’s attention from Zapp’s ongoing business operations and potential difficulties in Zapp’s employee retention as a result of the proposed Business Combination, (viii) the outcome of any legal proceedings that may be instituted against Zapp, PubCo, CIIG II or their respective directors or officers related to the proposed Business Combination, (ix) the ability of PubCo, CIIG II or a successor thereto to maintain the listing of its securities on The Nasdaq Stock Market LLC, (x) volatility in the price of the securities of PubCo, CIIG II or a successor thereto due to a variety of factors, including changes in the competitive and highly regulated industries in which Zapp plans to operate, variations in performance across competitors, changes in laws and regulations affecting Zapp’s business and changes in the combined capital structure, (xi) the ability to implement business plans, forecasts, and other expectations after the completion of the proposed Business Combination, and identify and realize additional opportunities, (xii) the risk of downturns in the highly competitive electric vehicle industry, (xiii) the ability of Zapp to build the Zapp brand and consumers’ recognition, acceptance and adoption of the Zapp brand, (xiv) the risk that Zapp may be unable to develop and manufacture electric vehicles of sufficient quality and on schedule and scale, that would appeal to a large customer base, (xv) the risk that Zapp has a limited operating history, has not yet released a commercially available electric vehicle and does not have experience manufacturing or selling a commercial product at scale and (xvi) the risk that Zapp may not be able to effectively manage its growth, including its design, research, development and maintenance capabilities.

The foregoing list of factors is not exhaustive. Forward-looking statements are not guarantees of future performance. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of PubCo’s registration statement on Form F-4, the proxy statement/prospectus discussed below, CIIG II’s Annual Report on Form 10-K and Quarterly Report on Form 10-Q and other documents filed by PubCo, CIIG II or a successor thereto from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. The forward-looking statements in this document represent the views of PubCo and CIIG II and Zapp as of the date of this document. Subsequent events and developments may cause that view to change. Readers are cautioned not to put undue reliance on forward-looking statements, and all forward-looking statements in this document are qualified by these cautionary statements. Zapp, PubCo and CIIG II assume no obligation and do not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. None of Zapp, PubCo nor CIIG II gives any assurance that Zapp, PubCo or CIIG II will achieve its expectations. The inclusion of any statement in this document does not constitute an admission by Zapp, PubCo or CIIG II or any other person that the events or circumstances described in such statement are material.

Additional Information and Where to Find It

This document relates to the proposed Business Combination between CIIG II, Pubco and Zapp. This document does not constitute an offer to sell or exchange, or the solicitation of an offer to buy or exchange, any securities, nor shall there be any sale of securities in any jurisdiction in which such offer, sale or exchange would be unlawful prior to registration or qualification under the securities laws of any such jurisdiction. No offer of securities shall be made except by means of a prospectus meeting the requirements of the Securities Act.

In connection with the Business Combination, PubCo intends to file a registration statement on Form F-4 (as may be amended from time to time, the “Registration Statement”) including a preliminary proxy statement of CIIG II and a preliminary prospectus of PubCo, and after the Registration Statement is declared effective, CIIG II will mail a definitive proxy statement relating to the Business Combination to CIIG II’s stockholders. The Registration Statement, including the proxy statement/prospectus contained therein, when declared effective by the SEC, will contain important information about the Business Combination and the other matters to be voted upon at a meeting of CIIG II’s stockholders to be held to approve the Business Combination (and related matters). PubCo and CIIG II may also file other documents with the SEC regarding the Business Combination. CIIG II stockholders and other interested persons are advised to read, when available, the preliminary proxy statement/prospectus and the amendments thereto and the definitive proxy statement/prospectus and other documents filed in connection with the Business Combination, as these materials will contain important information about Zapp, PubCo, CIIG II and the Business Combination.

When available, the definitive proxy statement and other relevant materials for the Business Combination will be mailed to CIIG II stockholders as of a record date to be established for voting on the Business Combination. Stockholders will also be able to obtain copies of the preliminary proxy statement, the definitive proxy statement and other documents filed or that will be filed with the SEC by CIIG II through the website maintained by the SEC at www.sec.gov, from CIIG II’s website at https://ciigpartners.com/ or by written request to CIIG II at 40 West 57th Street, 29th Floor, New York, New York 10019.

INVESTMENT IN ANY SECURITIES DESCRIBED HEREIN HAS NOT BEEN APPROVED OR DISAPPROVED BY THE SEC OR ANY OTHER REGULATORY AUTHORITY NOR HAS ANY AUTHORITY PASSED UPON OR ENDORSED THE MERITS OF THE OFFERING OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Participants in the Solicitation

CIIG II, Pubco and Zapp and their respective directors and officers may be deemed to be participants in the solicitation of proxies from CIIG II’s stockholders in connection with the proposed Business Combination. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of CIIG II’s stockholders in connection with the proposed transactions will be set forth in the proxy statement/prospectus when it is filed with the SEC. You can find more information about CIIG II’s directors and executive officers in CIIG II’s final prospectus filed with the SEC on September 14, 2021. Additional information regarding the interests of those persons and other persons who may be deemed participants in the proposed Business Combination may be obtained by reading the proxy statement/prospectus regarding the proposed Business Combination when it becomes available. You may obtain free copies of these documents as described in the preceding section.

No Offer or Solicitation

This document is for informational purposes only and does not constitute an offer to sell, a solicitation of an offer to buy, or a recommendation to purchase any security of PubCo, Zapp, CIIG II or any of their respective affiliates. No such offering of securities shall be made except by means of a prospectus meeting the requirements of section 10 of the Securities Act, or an exemption therefrom. The contents of this document have not been reviewed by any regulatory authority in any jurisdiction.

1Source: Fortune Business Insights. TAM figure includes internal combustion engine vehicles and represent 2022 figures.
2 Projected balance as of February 2023

GlobeNewswire Distribution ID 8701867

Jeito Capital co-leads EUR 50 million financing in CatalYm, a clinical-stage biopharma company developing novel immunotherapies for patients with cancer

 Jeito Capital co-leads EUR 50 million financing in CatalYm, a clinical-stage biopharma company developing novel immunotherapies for patients with cancer

  • Jeito Capital co-leads oversubscribed EUR 50 million Series C financing with Brandon Capital
    • CatalYm is developing a new class of anti-cancer immunotherapies, which have already demonstrated initial promising clinical results in advanced-stage solid tumor patients
    • Jeito Capital strengthens its strong and diversified portfolio with first German investment

Paris, France, November 22nd 2022 – Jeito Capital (“Jeito”), a leading independent international private equity firm dedicated to healthcare and biopharma, announced today that it has co-led a EUR 50 million Series C financing round in CatalYm, a clinical-stage biopharmaceutical company developing novel immunotherapies to fight cancer. The oversubscribed financing was co-led by Brandon Capital with participation from existing investors Forbion, Novartis Venture Fund, Vesalius Biocapital III, Bayern Kapital, BioGeneration Ventures, and Coparion. CatalYm was founded in 2016 as a spin-off from Würzburg University and is based in Munich (Germany).

CatalYM’s lead candidate, visugromab is a humanized monoclonal antibody engineered to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15). It is currently in Phase 2 clinical studies in patients with solid tumors that are relapsed/refractory to prior anti-PD1/-PD-L1 treatment. GDF-15 acts as a key regulator of immune cell activation and as an inhibitor of immune cell infiltration into the tumor tissue.

Proceeds from the financing will primarily be used to expand the Phase 2 clinical development program of visugromab. This expansion is based on convincing efficacy and durability results in advanced, last-line patients in Phase 1 and continued positive clinical responses in the ongoing GDFATHER-2 trial (GDF-15 Antibody-mediaTed Human Effector cell Relocation Phase 2). The expanded Phase 2 clinical studies will enroll patients at clinical centers in Europe and the United States.

Jeito selected CatalYm in line with its investment strategy to support the development of the most promising European Biopharma with growth and acceleration potential. Dr. Andreas Wallnoefer, Partner at Jeito Capital will join CatalYM’s Board of Directors.

Throughout 2022, Jeito has continued to build a portfolio of innovative companies across diverse therapeutic areas and across stages of development with the strong potential to improve the lives of patients. With CatalYm, Jeito makes its first investment in Germany, which has a very dynamic and internationally recognized biopharma ecosystem. Jeito closed its Jeito I fund at €534 million in September 2021 and has to date invested in high-quality biopharma companies with the potential to become market leaders in France, Belgium, Denmark, Switzerland, the UK and the US.

Dr Rafaèle Tordjman, MD, PhD, Founder and CEO of Jeito, commented: “We are thrilled to co-lead this new round of financing in CatalYm to further accelerate its clinical development and support its world leading research for the benefit of severely ill patients with no satisfying therapeutic solution. Jeito is committed to supporting and accelerating the development of the most promising European biopharma companies. CatalYm has the potential of growth and acceleration for patients, which is a core value for Jeito. Jeito selected this clinical stage company that has a promising new therapy approach to treat cancer, which has already demonstrated the first clinical signs of activity for severe relapsed patients. We look forward to working with the experienced CatalYm team.”

Dr. Andreas Wallnoefer, Partner at Jeito, added: “Visugromab has shown promising results in enhancing the immune response to fight cancer in its first clinical trials, resulting in several impressive responses in patients with advanced tumors and last line treatments. The drug has great potential to improve patients’ lives and become part of cancer immune therapy regimens given its important efficacy profile and good tolerability.”

Dr. Phil L’Huillier, Chief Executive Officer at CatalYm, concluded: “The success of our Series C financing, based on strong clinical data, is a further validation that visugromab is emerging as a new anti-cancer immunotherapeutic drug with the potential to transform the immuno-oncology landscape. We deeply value the commitment of our new and existing investors, which will enable further clinical development moving our lead program towards pivotal studies.”

About Jeito Capital

Jeito Capital is a global leading investment company with a patient benefit driven approach that finances and accelerates the development and growth of ground-breaking medical innovation. Jeito empowers and supports entrepreneurs through its expert, integrated, multi-talented team and through the investment of significant capital to ensure the growth of companies, building market leaders in their respective therapeutic areas with accelerated patients’ access globally, especially in Europe and the United States. Jeito Capital has €534 million under management and a rapidly growing portfolio of investments. Jeito Capital is based in Paris with a presence in Europe and the United States.

@Jeito_lifeLinkedInFor more information, please visit www.jeito.life, or follow @Jeito_life on Twitter or LinkedIn.
About CatalYm

CatalYm has identified GDF-15 as a central regulator of the immune system in the tumor microenvironment. We are pioneering the reversal of GDF-15-mediated immunosuppression to induce a potent antitumoral immune reaction in non-responsive tumors. CatalYm’s lead program visugromab is poised to demonstrate clinical proof-of-concept in multiple solid tumor indications which will expand the treatment horizon for current and future immunotherapies.

About visugromab (CTL-002)

Visugromab, formerly known as CTL-002, is a humanized, monoclonal antibody designed to neutralize the tumor-produced Growth Differentiation Factor-15 (GDF-15). GDF-15 secretion by the tumor has been shown to prevent T cell migration into the tumor and suppresses T cell function and the adaptive immune response in the tumor microenvironment. This enables the tumor to evade the immune system and become resistant to standard of care and current immunotherapy approaches such as checkpoint inhibitors. Visugromab counteracts these immuno-suppressive mechanisms by neutralizing GDF-15, enhancing the infiltration of immune cells into the tumor, improving both priming of T cells by dendritic cells and tumor killing by T cells and NK cells.

For further information please contact:

Jeito Capital
Rafaèle Tordjman
Assia Mouhout, EA
assia@jeito.life
Tel : +33 6 76 49 37 94

Consilium Strategic Communications Mary-Jane Elliott / Davide Salvi / Kris Lam
Jeito@consilium-comms.com
Tel: +44 (0) 20 3709 5700

Marion Bougeard
marion@achto-conseil.fr
Tel : +33 6 76 73 57 31

CatalYm GmbH
Dr. Phil L’Huillier, CEO
info@catalym.com

Trophic Communications
Dr. Stephanie May
Phone: +49 171 185 56 82
catalym@trophic.eu

GlobeNewswire Distribution ID 1000768212

World Peace Council’s 22nd Assembly opens in Hanoi

Peace, independence and freedom have always been the burning aspiration of the Vietnamese people and the ultimate goal of the Vietnamese revolution, Politburo member and permanent National Assembly Vice Chairman Tran Thanh Man told the opening of the 22nd World Peace Council (WCC) Assembly in Hanoi on November 22.

 

He said the just fight of the Vietnamese people has become an integral part of progressive people’s struggle for freedom, national independence, peace, justice and social progress in the world.

 

Man affirmed that the world peace is facing great challenges, and stressed that stopping the threat of war and conflicts, safeguarding peace and building a world of fair and sustainable development are becoming the top tasks for humankind.

 

To do that, he called for immediate efforts to ensure adherence to the UN Charter and international law, especially the basic principles of respect for independence, sovereignty, territorial integrity, non-interference in the internal affairs of countries: settlement of disputes by peaceful means in accordance with international law, refraining from threat to use or use of force, and equal and mutually beneficial cooperation among all nations.

 

At the same time, he urged stepping up the struggle for peace, disarmament and de-militarisation, and complete abolition of nuclear weapons and other weapons of mass destruction.

 

It is necessary to strengthen cooperation to effectively deal with transnational threats, traditional and non-traditional security challenges, and promote equitable and sustainable development for all countries, during which the WCC has an extremely important role, he said.

 

Man expressed his belief that the 22nd WCC Assembly will lay out strategic orientations, build an effective action programme and seek practical solutions to improve its operational efficiency, contribute actively to efforts to prevent conflicts and arms race, abolish mass destruction weapons and promote respect for principles of international law and the UN Charter.

 

He affirmed that the Vietnamese Party, State and people will always accompany peace-loving forces in the world and make active and responsible contributions to realising the common aspiration for peace of people all over the world.

 

Chairman of the Vietnam Peace Committee Uong Chu Luu expressed a hope that the Assembly will discuss and build strategic orientations and practical action programmes to gather more organisations, individuals and peace movements in the common struggle for a world of peaceful, fair and sustainable development

 

WCC President Socorro Gomes Coelho, for her part, reaffirmed the WCC’s solidarity with the Vietnamese people in the process of national construction and development.

 

On the occasion, Man, on behalf of the President of Vietnam, presented the Friendship Order to the WCC, the WCC President, General Secretary Thanassis Pafilis and Executive Secretary Iraklis Tsavdaridis.

 

In the morning the same day, participants at the event paid tribute to President Ho Chi Minh at his mausoleum and attended the “Meet Vietnam” event to learn about Vietnam’s achievements in the renewal process and its positive contributions to global efforts for peace

 

The assembly will last until November 26 in Hanoi and the northern province of Quang Ninh./.

 

Source: Vietnam News Agency