The Metals Company Announces an Extensive Deep-sea Environmental Data Submission to the International Seabed Authority

Foraminifera from the NORI-D area

Examples of the top 50 ranked foraminifera species from the NORI-D area by abundance. Foraminifera are single-celled protists (very simple micro-organisms) often called ‘armoured amoebae’ because they secrete a tiny shell (or ‘test’) of about 0.5millimeter – 1millimeter long. The scale bar for each example is 100 micrometers and all these individuals would fit on the tip of a pencil.

  • TMC’s subsidiary NORI submits data collected during two benthic baseline campaigns on the NORI-D area, adding more than 270,000 benthic biological occurrences to the International Seabed Authority’s ‘DeepData’ catalogue of contractor exploration data.
  • This submission is part of a broader dataset of hundreds of terabytes of data collected by leading independent scientists and expert industry partners during 17 offshore environmental baseline and resource definition campaigns conducted by NORI over the last decade.
  • Remaining baseline data and samples including geochemical samples and biological samples from the water column are being collated and categorized, with all data expected to be shared with the ISA in the coming months.
  • The complete NORI-D dataset will be one of the most comprehensive datasets ever gathered in the CCZ and will form the basis of NORI’s Environmental Impact Statement, an integral part of the application to the International Seabed Authority for an exploitation contract in NORI-D area.

NEW YORK, March 28, 2023 (GLOBE NEWSWIRE) — TMC the metals company Inc. (Nasdaq: TMC) (“TMC” or the “Company”), an explorer of the world’s largest estimated undeveloped source of critical battery metals, today announced that its subsidiary NORI had begun the process of submitting data collected during 17 offshore resource definition and environmental baseline campaigns in the NORI-D exploration area to DeepData, an open database of contractor data managed by the International Seabed Authority (ISA).

The submission of the initial batch of data, which includes an extensive set of biological samples and images from the seafloor, follows NORI’s decade-long research efforts to define the polymetallic nodule resource and develop an environmental baseline for its NORI-D exploration area, as part of its Environmental and Social Impact Assessment (ESIA) for the NORI-D Nodule Project. Since 2012, the Company has collaborated with leading industry experts and independent scientists from marine research institutions from around the world on its ESIA, gathering data throughout 17 offshore campaigns, representing over 470 operational research days on the NORI-D area.

Collected using a suite of high-tech equipment, the dataset submitted to the ISA includes over 1,400 biological samples from extensive boxcore and multicore sampling, and over 8,000 images analysed for benthic megafauna captured by Remotely Operated Vehicles from two offshore campaigns. This first submission of benthic data will provide a significant expansion to the biological holdings contained within the ISA’s ‘DeepData’ platform by contributing over 270,000 occurrences.

Macrofauna from NORI-D area

A selection of typical macrofaunal species found on the NORI-D area during NORI’s recent environmental baseline work. These species were retained on a 300 micrometer mesh [half the size of a pencil tip] sieve aboard NORI’s vessel. Note: not all images are to scale.

Dr Michael Clarke, Environmental Manager at The Metals Company, said: “There are over a quarter of a million data occurrences in the batch that has just been submitted to the ISA and yet, it is just the tip of the data iceberg collected by NORI to date. This and upcoming data submissions by NORI will help facilitate informed decision-making about the potential impacts of nodule collection operations based on actual environmental data rather than conjecture and speculation which has often dominated the conversation up to this point.”

The data-gathering efforts of the independent scientists involved in NORI’s ESIA program have already begun to yield novel insights about biodiversity, ecosystem processes and how we observe oceanic ecosystems with various papers in peer-reviewed journals.

Dr Adrian Glover, Merit Researcher at Natural History Museum London and benthic macrofauna research lead, commented: “Seven taxonomic papers are currently in preparation from the studies, including two already published” and “The new data from this first tranche of baseline data form the largest molecular-based assessment of quantitative macrofaunal box cores to date in the CCZ. Analysis of an additional 40 box cores is under way to be completed by August 2023.”

Contributions from ROV imagery and specimens collected during NORI-D pelagic campaigns have assisted in resolving diagnostic characteristics of hydrozoans (related to jellyfish). The novel use of the Saildrone ASV (autonomous surface vehicle) to examine micronekton in the open ocean provides some of the only remote sampling of pelagic prey communities in the eastern Pacific Ocean. Such studies are essential to describing the interactions between mesoscale features and pelagic fauna to help understand how these communities will respond to a changing ocean environment that may be induced by nodule collection activities and broader climate-related shifts.

Nodule obligate fauna from the NORI-D area

A selection of macrofauna and megafauna species picked from nodules gathered during NORI’s box core sampling on the NORI-D area. Note: not all images are to scale.

Over the coming months, NORI will continue working with research teams to fully collate and categorize the hundreds of terabytes of data and thousands of biological samples that have been collected to date. The total NORI-D dataset is expected to be one of the most comprehensive datasets ever compiled in the deep sea. Given the breadth of the dataset, NORI expects numerous further papers to be published in peer-reviewed journals in the coming months and years, adding significantly to society’s understanding of the deep sea.

About The Metals Company
The Metals Company is an explorer of lower-impact battery metals from seafloor polymetallic nodules, on a dual mission: (1) supply metals for the clean energy transition with the least possible negative environmental and social impact and (2) accelerate the transition to a circular metal economy. The Company through its subsidiaries holds exploration and commercial rights to three polymetallic nodule contract areas in the Clarion Clipperton Zone of the Pacific Ocean regulated by the International Seabed Authority and sponsored by the governments of Nauru, Kiribati and the Kingdom of Tonga.

More Info
Media | media@metals.co
Investors | investors@metals.co

Forward Looking Statements
Certain statements made in this press release are not historical facts but are forward-looking statements for purposes of the safe harbor provisions under The Private Securities Litigation Reform Act of 1995. Forward-looking statements generally are accompanied by words such as “believe,” “may,” “will,” “estimate,” “continue,” “anticipate,” “intend,” “expect,” “should,” “would,” “plan,” “predict,” “potential,” “seem,” “seek,” “future,” “outlook” and similar expressions that predict or indicate future events or trends or that are not statements of historical matters. The forward-looking statements contained in this press release include, without limitation, statements regarding the submission and review of our data collected during two benthic baseline campaigns on the NORI-D areas well as the remaining baseline data and samples, including geochemical samples and biological samples from the water column, currently being collated and categorized by TMC. These forward-looking statements involve significant risks and uncertainties that could cause the actual results to differ materially from those discussed in the forward-looking statements. Most of these factors are outside TMC’s control and are difficult to predict. Factors that may cause such differences include, but are not limited to: regulatory uncertainties and the impact of government regulation and political instability on TMC’s resource activities; changes to any of the laws, rules, regulations or policies to which TMC is subject; the impact of extensive and costly environmental requirements on TMC’s operations; environmental liabilities; the impact of polymetallic nodule collection on biodiversity in the Clarion Clipperton Zone and recovery rates of impacted ecosystems; TMC’s ability to develop minerals in sufficient grade or quantities to justify commercial operations; the lack of development of seafloor polymetallic nodule deposit; uncertainty in the estimates for mineral resource calculations from certain contract areas and for the grade and quality of polymetallic nodule deposits; risks associated with natural hazards; uncertainty with respect to the specialized treatment and processing of polymetallic nodules that TMC may recover; risks associated with collection, development and processing polymetallic nodules; risks associated with TMC’s limited operating history;; risks associated with TMC’s intellectual property and the validity, use and ownership of any new technology or intellectual property subsisting therein; and other risks and uncertainties indicated from time to time in the Company’s Form 10K, dated and filed with the U.S. Securities and Exchange Commission (SEC) on March 27, 2023, including those under “Risk Factors” therein, and in TMC’s other future filings with the SEC. TMC cautions that the foregoing list of factors is not exclusive. TMC cautions readers not to place undue reliance upon any forward-looking statements, which speak only as of the date made. TMC does not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in its expectations or any change in events, conditions, or circumstances on which any such statement is based except as required by law.

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Cooperation Agreement signed with Sonoma Clean Power for up to 200 MWe of Eavor-Loop™ in Northern California

CALGARY, Canada, March 28, 2023 (GLOBE NEWSWIRE) — Eavor Technologies Inc. (“Eavor”), the leader in globally scalable geothermal technology, is pleased to announce the signing of a cooperation agreement with Sonoma Clean Power for the development of up to 200 MWe of new geothermal through the GeoZone initiative in Sonoma and Mendocino Counties, California.

The Geothermal Opportunity Zone (“GeoZone”) creates a public-private partnership for local geothermal development. Sonoma Clean Power then contracts for power generated with selected private partners who provide the technology and capital to enhance geothermal capacity in the Northern California region. The GeoZone provides a sustainable and affordable source of reliable clean energy.

Sonoma Clean Power initiated the GeoZone, with three main objectives:

  1. Develop a geothermal resource with minimal water use
  2. Develop a geothermal resource compatible with community values, including land use
  3. Develop a solution that is scalable and cost-competitive

In March 2023, the Sonoma Clean Power Board of Directors unanimously voted to enter into a cooperation agreement with Eavor to develop geothermal resources in the GeoZone utilizing Eavor’s closed-loop technology.

Neil Ethier, VP, Business Development at Eavor, stated, “With water and land use of utmost importance to the development of power in Sonoma and Mendocino Counties, Eavor’s closed-loop technology addresses those issues, while removing the geographic constraint of a permeable aquifer, making it truly scalable throughout the region.”

Ryan Tracey, Director of Planning and Analytics at Sonoma Clean Power said, “In Northern California, we see the challenge of meeting an energy demand in the coming years during the winter months, when the sun isn’t shining, and the wind isn’t blowing for long periods of time. Eavor’s technology can meet this critical need.”

This agreement is the first entered into by Eavor in the California market. Eavor has begun evaluating the opportunity and sees the potential to help meet this critical energy need to satisfy the more stringent portfolio standards set out by the California Public Utilities Commission.

“It is through these types of initiatives that we are looking to spur advancements of geothermal development for our customers. We have long appreciated the value of having geothermal power generation as part of our portfolio and would like to see it grow. Eavor’s technology is the type of innovation that we are looking to foster through this cooperation agreement,” said Geof Syphers, CEO of Sonoma Clean Power.

John Redfern, President and CEO at Eavor stated, “The opportunity to work with a forward-looking entity such as Sonoma Clean Power to unlock the geothermal potential in Northern California utilizing Eavor-Loop™ is a very exciting opportunity for Eavor.”

About Eavor Technologies Inc.

Eavor (pronounced “Ever”) is a technology-based energy company led by a team dedicated to creating a clean, reliable, and affordable energy future on a global scale. Eavor’s solution (Eavor-Loop®) represents the world’s first truly scalable form of clean, dispatchable, baseload capable, and flexible power. Eavor achieves this by mitigating or eliminating many of the issues that have traditionally hindered geothermal energy. Eavor instead circulates a benign working fluid that is completely isolated from the environment in a closed-loop, through a massive subsurface radiator. This radiator simply collects heat from the natural geothermal gradient of the Earth via conduction. Eavor has been supported by equity investments made by several leading global energy producers, investors, developers, and venture capital funds including Vickers Venture Partners, bp Ventures, BDC Capital, Temasek, Chevron Technology Ventures, BHP Ventures, Helmerich & Payne, Precision Drilling and Chubu Electric Power. info@eavor.com – Eavor.com

About Sonoma Clean Power

Sonoma Clean Power is the public power provider for Sonoma and Mendocino Counties, serving a population of about a half-million. Sonoma Clean Power offers its customers clean electricity from renewable and carbon-free sources and implements customer programs to advance electrification and energy efficiency measures. Sonoma Clean Power uses geothermal power to offer one of the only 100% renewable 24/7 products in the country and has established a target of mitigating 100% of its hourly marginal emissions by 2026. Sonoma Clean Power’s Geothermal Opportunity Zone was established to reinvigorate local geothermal development and build the necessary clean firm capacity to enable complete retirement of California’s natural gas power plant fleet.

To learn more, visit sonomacleanpower.org or call 1 (855) 202-2139

Contact

Eavor Technologies Inc.
John Redfern
President & CEO
John.Redfern@eavor.com
Tel: +1-650-269-250

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Anaqua Provides Platform for Intellectual Property Management to Fujitsu

BOSTON, March 28, 2023 (GLOBE NEWSWIRE) — Anaqua, the leading innovation and intellectual property (IP) management technology provider, today announced that information and communications technology company Fujitsu has adopted Anaqua’s AQX platform to optimize the digital management of the company’s IP portfolios.

Anaqua will provide its AQX platform to Fujitsu to seamlessly connect and enhance global collaboration among R&D sites, IP departments, and outside counsel, bringing increased efficiency to the development of IP and management of the innovation lifecycle. AQX will also help empower Fujitsu in the timely execution of their global IP strategy through the establishment of a more data-driven approach to developing and maintaining an IP portfolio that best supports the broader business. In addition, through Anaqua’s cloud hosting services and commitment to security, certification processes, and compliance programming, the AQX platform will deliver a robust security environment for Fujitsu.

“We believe that the AQX IP management system, which is a global cloud service, will enable us to standardize and further enhance efficiency of IP operations, replacing our previous on-premise legacy system,” said Kanna Kimura, Director of the Cloud Services Management Department of the Digital System Platform Division of Fujitsu Limited.

Bob Romeo, CEO of Anaqua, said: “Anaqua will provide the best support for the management and protection of Fujitsu’s IP assets, which are critical in delivering the company’s goal of making a more sustainable world through the power of innovation.”

About Anaqua
Anaqua, Inc. is a premium provider of integrated intellectual property (IP) management technology solutions and services for corporations and law firms. Its IP management software solutions, AQX and PATTSY WAVE, both offer best practice workflows with big data analytics and tech-enabled services to create an intelligent environment designed to inform IP strategy, enable IP decision-making, and streamline IP operations, tailored to each segment’s need. Today, nearly half of the top 100 U.S. patent filers and global brands, as well as a growing number of law firms worldwide use Anaqua’s solutions. Over one million IP executives, attorneys, paralegals, administrators, and innovators use the platform for their IP management needs. The company’s global operations are headquartered in Boston, with offices across the U.S., Europe, and Asia. For additional information, please visit anaqua.com, or on LinkedIn.

Company Contact:
Amanda Hollis
Director, Communications
Anaqua
617-375-2626
ahollis@Anaqua.com

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Lantronix Announces New X300 Compact Cellular IoT Gateway Solution, Ideal for Mission-Critical Applications

Monitor and manage globally distributed assets with Lantronix’s X300 IoT Gateway Solution, which includes hardware, cloud-based device management, cellular connectivity, advanced security and tech support

X300 IoT Gateway

New X300 Compact Cellular IoT Gateway

IRVINE, Calif., March 28, 2023 (GLOBE NEWSWIRE) — Lantronix Inc. (NASDAQ: LTRX), a global provider of secure turnkey solutions for the Industrial Internet of Things (IoT) and the Intelligent IT market, today announced its new X300 Compact Gateway IoT Solution. Ideal for secure mission-critical applications, the new X300 Cellular Compact IoT Gateway Solution combines Lantronix’s IoT gateway hardware with a premium services subscription, including centralized device management, integrated cellular data, enhanced device security and expert technical support in an all-in-one package.

“At Lantronix, we are committed to providing our customers with turnkey IoT solutions that efficiently solve their connectivity and remote device management challenges while offering expert technical support to ensure a successful deployment,” said Paul Pickle, CEO of Lantronix. “With the new X300 Compact Gateway IoT Solution, our customers can rest assured that they have a reliable, easy-to-manage solution, achieving maximum uptime and data security for mission-critical applications.”

According to Berg insights, more than 4.5 million cellular IoT gateways were shipped globally during 2021, a 23 percent increase, at a total market value of approximately $1.15 billion as annual sales grew at a rate of 14 percent as demand recovered following the COVID-19 pandemic. Annual revenues from the sales of cellular IoT gateways is forecasted to grow at a compound annual growth rate (CAGR) of 14 percent to reach $2.18 billion by 2026.

The X300 Compact Gateway IoT Solution includes:

  • X300 Gateway, a compact (79mm X 79mm) IoT industrial gateway with suitable hardware interfaces, including a Multi-mode Serial port, an Ethernet LAN port, Wi-Fi® 5, Bluetooth/BLE and Worldwide cellular options, enabling the connection of any type of industrial machine and sensor with any type of network.
  • Services included in the first-year subscription:
    • Free upgrade to ConsoleFlow™ premium cloud-based device management with analytics
    • Connectivity Services global, convenient and scalable cellular data plans
    • Free upgrade to LEVEL 2 Services prompt expert technical support and warranty with advanced hardware replacement
    • Lantronix InfiniShield™ built-in security, including a Secure Element (SE) chip to enable secure boot, secure equipment access and secure communications and to prevent unauthorized access of confidential information

The new X300 Gateway IoT Solution will be displayed at ISC West in Las Vegas from March 28–31, 2023, in the Lantronix booth, Number 2097. For more information on this all-in-one package, visit https://www.lantronix.com/products/x300-series/

About Lantronix

Lantronix Inc. is a global provider of secure turnkey solutions for the Internet of Things (IoT) and Remote Environment Management (REM), offering Software as a Service (SaaS), connectivity services, engineering services and intelligent hardware.

Lantronix enables its customers to accelerate time to market and increase operational up-time and efficiency by providing reliable, secure and connected Intelligent Edge IoT and Remote Management Gateway solutions.

Lantronix’s products and services dramatically simplify the creation, development, deployment and management of IoT and IT projects across Robotics, Automotive, Wearables, Video Conferencing, Industrial, Medical, Logistics, Smart Cities, Security, Retail, Branch Office, Server Room and Datacenter applications. For more information, visit the Lantronix website.

Learn more at the Lantronix blog, which features industry discussion and updates. Follow Lantronix on Twitter, view our YouTube video library or connect with us on LinkedIn.

“Safe Harbor” Statement under the Private Securities Litigation Reform Act of 1995: Any statements set forth in this news release that are not entirely historical and factual in nature, including without limitation statements related to our solutions, technologies and products. These forward-looking statements are based on our current expectations and are subject to substantial risks and uncertainties that could cause our actual results, future business, financial condition, or performance to differ materially from our historical results or those expressed or implied in any forward-looking statement contained in this news release. The potential risks and uncertainties include, but are not limited to, such factors as the effects of negative or worsening regional and worldwide economic conditions or market instability on our business, including effects on purchasing decisions by our customers; the impact of the COVID-19 outbreak on our employees, supply and distribution chains, and the global economy; cybersecurity risks; changes in applicable U.S. and foreign government laws, regulations, and tariffs; our ability to successfully implement our acquisitions strategy or integrate acquired companies; difficulties and costs of protecting patents and other proprietary rights; the level of our indebtedness, our ability to service our indebtedness and the restrictions in our debt agreements; and any additional factors included in our Annual Report on Form 10-K for the fiscal year ended June 30, 2022, filed with the Securities and Exchange Commission (the “SEC”) on Aug. 29, 2022, including in the section entitled “Risk Factors” in Item 1A of Part I of such report, as well as in our other public filings with the SEC. Additional risk factors may be identified from time to time in our future filings. The forward-looking statements included in this release speak only as of the date hereof, and we do not undertake any obligation to update these forward-looking statements to reflect subsequent events or circumstances.

© 2023 Lantronix, Inc. All rights reserved. Lantronix is a registered trademark. Other trademarks and trade names are those of their respective owners.

Lantronix Media Contact:
Gail Kathryn Miller
Corporate Marketing &
Communications Manager
media@lantronix.com
949-212-0960

Lantronix Analyst and Investor Contact:
Jeremy Whitaker
Chief Financial Officer
investors@lantronix.com
949-450-7241

Lantronix Sales:
sales@lantronix.com
Americas +1 (800) 422-7055 (US and Canada) or +1 949-453-3990
Europe, Middle East and Africa +31 (0)76 52 36 744
Asia Pacific + 852 3428-2338
China + 86 21-6237-8868
Japan +81 (0) 50-1354-6201
India +91 994-551-2488

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QS Ranking, Luiss University Rome rises to 14th position in the world for Politics and International Studies

Logo Luiss university rome

Logo Luiss University Rome

Luiss joins the elite of the world’s top 15 universities in Politics and International Studies in the prestigious QS World University Rankings by Subject 2023, which rewards the best institutions of higher education for individual subject areas.

The University named after Guido Carli continues its ascent in this ranking, reaching the top 50 positions in the world for the “Business and Management” and “Law” areas, where it ranks 46th (2nd in Italy) and 47th respectively, climbing more than 30 positions in one year.

The growing investments in research and teaching and the process of internationalization have strengthened Luiss’ status around the world. Since its first time in this prestigious ranking in 2016, Luiss has risen by over 300 positions. The QS ranking is based on indicators related to academic reputation and the reputation of its alumni as assessed by major employers.

Rector Andrea Prencipe

Luiss Rector Andrea Prencipe

“It is a great pleasure to witness the continuous rise of Luiss towards the very top of the influential QS International Ranking. A result that further confirms the acceleration of our University in the development and consolidation of the projects behind our strategic plan, aimed at shaping cosmopolitan, responsible and aware leaders,” said Luiss Rector Andrea Prencipe, adding: “The elements that have enabled Luiss to be increasingly recognized as a university of international prestige include an internationally renowned Faculty comprised of senior and junior researchers, an innovative educational model that aims to motivate students with new methods of learning, and virtuous connections with the world of businesses, professions and public administration“.

The University’s internationalization process continues to power forward through agreements with more than 315 partner universities in 64 countries, including 58 agreements between double degrees and structured partnerships, with more than 50% of courses taught in English and a 93% increase in the enrolment of Luiss students with foreign citizenship over the past three years.

With this unique achievement, Luiss crowns its internationalization process and encourages registration for the Master’s degree admission test, which will remain available until Monday, April 3rd.

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ProCap Insurance: Expanding our global reach; promoting the innovative development of the insurance industry

Procap Insurance Banner

Procap Insurance Banner

NEW YORK, March 28, 2023 (GLOBE NEWSWIRE) — Under current market conditions, consumers have a strong desire to preserve and/or increase the value of their assets. Multiple crises such as the pandemic, persistent inflation, and turbulent geopolitics has brought about insurmountable levels of risk. How can risk be managed while pursuing capital gains? At the moment, ProCap Insurance has the effective solution: asset insurance!

Assets insurance insures the underlying fixed and current assets of enterprises and/or individuals. In the event of accidental losses, the insurance company will provide compensation to the policy holder. Investors can invest with peace of mind as ProCap will bear the risk for customers. ProCap Insurance is a company that is specialised in the asset insurance business. Its product offerings insure real estate, stocks, deposits, bonds, gold, foreign exchange and other assets.

Procap Insurance Banner

In addition to providing traditional life insurance policies, ProCap Insurance has launched an innovative life insurance policy where the insured amount grows annually to meet our clients’ perpetual need for long-term protection and wealth accumulation. This insurance policy not only provides long-term coverage on the original insured amount, but at the same time increases that amount by a certain percentage year by year to fulfil the constant desire to beat inflation while growing wealth. This plan is designed to ensure that the long-term financial stability of customers will be better protected while reducing the financial pressures on the family especially in times of uncertainty and a high interest rate environment.

Since its launch, ProCap’s asset insurance products have been eagerly sought after in the market and by customers. The company has stated that it intends to continue improving its product offerings and service quality, ensuring customers continue to be provided with accessible and affordable asset insurance solutions.

In order to endorse and share the benefits of asset insurance, the company held an event with the theme of “Investing with a Peace of Mind, Our Commitment” in Hoi An, Vietnam from February 15th 2023 to 18th February 2023. During the seminar, ProCap introduced the features and advantages of its asset insurance products to partners and business leaders, enabling attendees to appreciate how asset insurance would serve their needs. Additionally, the company provided complimentary on-site consulting and payout analysis services to empower attendees to achieve better financial planning and financial freedom.

During the event, the experienced and passionate team from ProCap provided comprehensive asset insurance knowledge to the participating partners. They introduced the company’s asset insurance products in detail and helped partners understand how ProCap’s products are a safer and alternate form of investment.

The seminar not only provided partners with an opportunity to learn about asset insurance products, it also gave participants the opportunity to engage in face-to-face communication with ProCap’s professional team members to understand in-depth the details and advantages of the products while obtaining advice on the particular products to buy.

It was a complete success, as the event attracted more than 100 partners from Cambodia, China, Hong Kong, India, Indonesia, Japan, Malaysia, Pakistan, Philippines, South Korea, Taiwan, Thailand, Vietnam and other economies. According to statistics collected during the event, these partners fully understood and were satisfied by the products offered by ProCap; they had confidence in purchasing the company’s products.

ProCap is pleased to host such a successful event in Hoi An, Vietnam. At the same time, the company hopes that through similar events, more consumers will realise the importance and necessity of asset insurance while being able to enjoy the high-quality services provided by the company. ProCap’s management team believes that in the next few years, it will become the most popular and trusted asset insurance company in Asia and even the world!

Consequently, the seminars of ProCap Insurance not only provided partners with an avenue to understand asset insurance, at the same time it brought new vitality to the tourism industry in Hoi An. Hoi An is a city with a long history, beautiful scenery and diverse cultures, which is unsurprisingly listed as a world cultural heritage site by UNESCO. Here, customers could utilise the professional services of ProCap while appreciating the beautiful scenery and unique culture of Hoi An, Vietnam.

If you would like to become a client of ProCap Insurance and reap the benefits of asset insurance, please visit our company’s official website https://www.procap.insure for more information. ProCap looks forward to working with you to make your investments more secure.

Media Relationships Manager
Steve Hughes
Steve.hughes@procap.insure

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CBL International Limited Announces Closing of Initial Public Offering

KUALA LUMPUR, Malaysia, March 28, 2023 (GLOBE NEWSWIRE) — CBL International Limited (NASDAQ: BANL), together with its wholly owned subsidiaries (“CBL International” or the “Company”), is an established marine fuel logistic company currently focusing on the Asia Pacific region, providing one-stop solutions for vessel refueling. CBL International today announced the closing on March 27, 2023 of its initial public offering (“Offering”) of 3,325,000 ordinary shares (the “Shares”) at a public offering price of $4.0 per Share.

The underwriters exercised their over-allotment option in part for an additional 425,000 Shares on March 23, 2023 (“Over-allotment Option”). The Over-allotment Option was closed with the Offering. As a result, the aggregate gross proceeds of the Offering, including the over-allotment, is $15 million, before deducting underwriting discounts and other related expenses. The Shares began trading on the Nasdaq Capital Market on March 23, 2023 under the ticker symbol “BANL.”

Proceeds from the Offering will be used for (i) enlarging the number of local suppliers to enhance its competitiveness as well as to increase the service options available in the Singapore and South Korea markets; (ii) further increasing the Company’s business market shares in existing markets; (iii) cash collateral to conduct trade financing activities with financial institutions, thus creating transaction records for further acquisition of bank financing to facilitate the Company’s business growth; (iv) procuring and developing a centralized management information system in order to enhance the Company’s daily management control and treasury management; and (v) other working capital and general corporate purposes.

Pacific Century Securities, LLC acted as lead book-running manager of the Offering, and Spartan Capital Securities LLC acted as co-manager. Loeb & Loeb LLP acted as counsel to the Company, and The Crone Law Group, P.C. acted as counsel to Pacific Century Securities, LLC in connection with the Offering.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (“SEC”) (File Number: 333-267077) and was declared effective by the SEC on March 22, 2023. The Offering is being made only by means of a prospectus, forming a part of the registration statement. Copies of the final prospectus relating to the Offering may be obtained from Pacific Century Securities, LLC, 60-20 Woodside Avenue, Suite 211, Queens, New York 11377 or by email at yao@pcsecurities.us. In addition, a copy of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov. Before you invest, you should read the prospectus and other documents the Company has filed or will file with the SEC for more complete information about the Company and the Offering. This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation, or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About CBL International Limited

CBL International is a bunkering facilitator in the bunkering industry, headquartered in Malaysia. We focus on providing marine fuel according to the required international standards with competitive prices and timely delivery services at ports agreed between our customers and us. Over the years, with our experienced management team, we have established an extensive supply network to provide our customers with more options and flexibility in fulfilling their vessel refueling requirements. Our supply network, which focuses on expanding our localities of services, covers ports in many places in the Asia Pacific, including but not limited to South Korea, PRC, Taiwan, Hong Kong, Malaysia, Singapore, Philippines, and Thailand. Going forward, we intend to allocate more resources to further expand our supply network, targeting continual market share enhancement.

Forward-Looking Statements

All statements other than statements of historical fact in this announcement are forward-looking statements, including but not limited to, the Company’s proposed Offering. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs, including the expectation that the Offering will be successfully completed. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and in its other filings with the SEC.

For more information, please contact:

Pacific Century Securities LLC

Yao Zhang

Email: yao@pcsecurities.us

CBL International Limited

Email: investors@banle-intl.com

GlobeNewswire Distribution ID 8796659

Nyxoah Raises $3 Million from an At-the-Market Equity Offering

INSIDE INFORMATION
REGULATED INFORMATION

Nyxoah Raises $3 Million from an At-the-Market Equity Offering 

Mont-Saint-Guibert, Belgium – March 27, 2023, 10:05pm CET / 4:05pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today announced that the Company raised $2.8 million in gross proceeds pursuant to the Company’s $50 million at-the-market (“ATM”) program established on December 22, 2022 at an issue price equal to the market price on the Nasdaq Global Market at the time of the sale. The shares were purchased by historical Nyxoah shareholder Cochlear Limited, and the proceeds will be used for general corporate purposes.

The ordinary shares described above were sold pursuant to the Company’s shelf registration statement on Form F-3 (File No. 333-268955), previously filed with the Securities and Exchange Commission (“SEC”) on December 22, 2022, which became effective on January 6, 2023, and a prospectus supplement dated January 6, 2023 and the accompanying prospectus the Company filed with the SEC in connection with the offer and sale of the Company’s common stock pursuant to the Controlled Equity OfferingSM Sales Agreement, dated as of December 22, 2022 with Cantor Fizgerald & Co., as sales agent (prospectus@cantor.com).

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and U.S. commercialization approval.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

FORWARD-LOOKING STATEMENTS

Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on March 22, 2023, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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GlobeNewswire Distribution ID 1000800476