Day: June 13, 2023

Book ‘Paolo Scudieri and Enzo Ferrari’ presented in Naples

NAPLES, Italy, June 13, 2023 (GLOBE NEWSWIRE) — The book ‘Paolo Scudieri ed Enzo Ferrari. Una storia inedita di arte e passione’ (Paolo Scudieri and Enzo Ferrari: An Untold Story of Art and Passion) by Antonio Ghini, a journalist with a long history at Ferrari, was presented at the Teatrino di Corte at the Royal Palace in Naples. The book was published with the support of the Contini Art Gallery. Paolo Scudieri is the president of Adler Group, an italian company that develops and industrialises components and systems for the transport industry, but is also a Ferrari passionate.

“So many books have been written about Enzo Ferrari. This one,” Ghini explained, “is quite original as I was lucky enough to spend many years at Ferrari and I know things that have never been written, but this is just a detail. Enzo Ferrari is not the only Italian example of entrepreneurial talent and courage on the international scene and to be able to match Enzo Ferrari with a great entrepreneur from the South like Paolo Scudieri, finding affinities and highlighting our Italian talent that makes it possible to overcome obstacles that seem insurmountable and to achieve successes – like at the 24 Hours of Le Mans – that no one could have imagined, that’s what this book is about.” On Sunday Ferrari achieved a historic triumph at the 24 Hours of Le Mans, where the Prancing Horse stable came out on top, securing a victory that had been missing since 1965. “Thinking well means doing well, and so it was,” Ghini added.

“My passion for cars”, said Scudieri, president of Adler, a group that develops and industrialises components and systems for the transport industry, “finds a magical Zenith in the representation of works about Ferrari and Enzo Ferrari. Works that have been collected and are now brought to the attention of a vast public, not only of enthusiasts but also of lovers of culture, of Italian design style. Of that evolution of entrepreneurs who started with little and became an example for the entire world”. Ferrari is “the essence of the Italian spirit, of being Italian. In other words: being proud, stubborn and willing to sacrifice. Having in our DNA a great talent for design and the conviction that Italy is second to none”, he added.

The former chairman of Ferrari, Luca Cordero di Montezemolo, also attended the presentation of the book: “This is a book about Enzo Ferrari and, above all, about a Neapolitan entrepreneur, Paolo Scudieri, whom I met when I was a young sports director at Ferrari, and back then we were already winning world championships with Niki Lauda. When I became chairman and CEO, our relationship grew even stronger.”

For more information:

Press Office LaPresse – ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9acecfd5-7263-41ac-88f6-cdacda955145

The photo is also available at Newscom, www.newscom.com, and via AP PhotoExpress.

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b8e15655-6f48-4884-8acb-dd5ddc43f47b

GlobeNewswire Distribution ID 8857496

Crurated clients will have direct access to the full range of Domaine Arnoux-Lachaux wines

LONDON, June 13, 2023 (GLOBE NEWSWIRE) — Crurated, the London-based membership wine community designed to connect connoisseurs with world-class producers, has partnered with Domaine Arnoux-Lachaux on an exclusive direct to consumer distribution deal. Charles Lachaux signed with Crurated to be his exclusive distributor of wines (https://bit.ly/3o7IONF) last year with barrel and bottle sales doing exceptionally well. Following this success Florence (his mother) and Charles signed an exclusive deal to bring the full range of Domaine Arnoux-Lachaux wines into the Crurated community.

“Crurated uses technology and the blockchain to modernize the way wine is sold. This approach provides verifiable provenance for every single bottle of wine that leaves our Domaine and enters their warehouse,” said Charles. “Through unique events, the team is also building a bridge between us and the people who are buying our wines. This connection allows us to communicate our winemaking philosophy and creates a stronger connection with wine lovers all over the globe.”

The sale of Domaine Arnoux-Lachaux wines on the Crurated platform will take place from June 19 – 25, 2023. Wines include, lot of six bottles, one of each:

Bourgogne Pinot Fin 2020
Nuits-St-Georges 2020
Nuits-St-Georges “Les Poisets” 2020
Nuits-St-Georges 1er Cru “Clos Des Corvées Pagets” 2020
Vosne-Romanée 1er Cru “Les Chaumes” 2020
Vosne-Romanée 1er Cru “Les Grands Suchots” 2020

Over the last year Crurated has hosted multiple, in person events with Charles. From November 6-11 of this year, Crurated and Charles will host events in Bangkok, Hong Kong, and Singapore. Participants in these winemaker events will have the chance to taste a selection of Lachaux wines paired with dinners prepared by some of the top chefs in Asia. An event in the United States will take place in 2024. Details around the Asia events and others will be available at https://crurated.com/events/.

“For six generations the Arnoux-Lachaux family has been pushing the boundaries of Burgundian winemaking and we are very fortunate to be working directly with their entire team,” said Alfonso de Gaetano, Founder of Crurated. “With the 2020 Romanee-Saint-Vivant Grand Cru recently receiving a 99 Rating from Robert Parker, we know that our members will jump at the chance to take advantage of the lots we’ll be releasing throughout the rest of the year.”

Each bottle of Domaine Arnoux-Lachaux wine will be accompanied with an NFT. Recorded forever on the blockchain, the NFT verifies the authenticity of the bottle and provides other important details including ownership history, vintage, vineyard location, and varietal. The NFTs are easily accessible by tapping on an NFC or RFID enabled phone. The bottle history is also updated via a new blockchain recording anytime the wine is resold and the token moves from one client to another.

Although Domaine Arnoux-Lachaux wines will be sold directly to consumers exclusively through the Crurated platform, B2B restaurant sales will still be handled by distributors.

About Crurated
Launched in 2021 with an emphasis on France and Italy, Crurated is a membership-based wine community designed to connect connoisseurs with world-class producers. A team of specialists provides personalized services and authentic experiences, while Crurated’s seamless logistics service guarantees quality and provenance thanks to secure wine cellar storage and innovative blockchain technology. To become a member visit crurated.com.

About Arnoux-Lachaux
A wine estate founded in 1858, Domaine Arnoux-Lachaux has 14 hectares of some of the most prized vineyards in Vosne-Romanée and equally high-quality vineyards in Nuits-Saint-Georges. Florence Arnoux-Lachaux and her eldest son Charles share a deep attachment to the family heritage entrusted by previous generations. With each release, the Estate strives to translate the expression of the terroirs as well as possible in order to produce “Pinot Noir” of emotion and pleasure.

PR Contact
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/97368a35-5cd8-4103-8989-c742d8a016b2

https://www.globenewswire.com/NewsRoom/AttachmentNg/4c40263a-87a6-47af-ad49-781599128495

GlobeNewswire Distribution ID 8856534

Aeonic Generate AWM2 Advances Silicon Health and Life Cycle Analytics Ability for ICs

SUNNYVALE, Calif., June 13, 2023 (GLOBE NEWSWIRE) — Movellus, today announced an industry-first integrated droop response system. This innovative solution is designed to simultaneously address the challenges of voltage droop and enable fine-grained DVFS capability, which in combination can significantly reduce the power consumption of complex integrated circuits while increasing operational reliability. In addition to detecting and responding to voltage droops, the solution incorporates extensive monitoring and observability features that will provide valuable insight to modern silicon health and lifecycle management systems.

The AWM2 system adaptation time is amongst the fastest in the industry – similar in performance to full custom solutions but offered as off-the-shelf synthesizable IP. This can result in power saving of more than 10%, making it ideal for complex, power-sensitive SoCs.

“The true power of our digital IP platform is demonstrated in our new droop response system,” said Mo Faisal, CEO of Movellus, “We added autonomous, programmable behavior to our adaptive clocking solution, inserted observability functionality for silicon health and analytics, and developed a cohesive droop response solution that can be delivered as off the shelf IP.”

The integrated droop response system combines droop detection and compensation into a complete integrated system, reducing effort while still gaining maximum benefit. The system’s observability also provides design engineers greater visibility into SoC performance, enabling them to make informed decisions and apply optimal silicon life cycle management strategies.

“In today’s fiercely competitive IC markets, improvements in power efficiency and performance can be a difference-maker,” said Dave Fick, co-founder and CEO at Mythic. “Movellus’ Droop Response System squeezes improvements from the voltage and frequency guardbands that we typically take for granted. Finding these hidden savings and making them easy to deploy is why Movellus is such a great partner to work with.”

“In the age of many high-performance processors on an SOC, the old rules of thumb about activity factors no longer apply. Even if you have TDP headroom, regulators and on-chip power delivery may not be able to keep up with 1000+ processors all going from idle to full-blast computation,” said Darren Jones, vice president of VLSI engineering at Esperanto Technologies. “Hardware designers need tools and solutions to solve transient supply droop. The traditional solution is to over-design, operate at a higher voltage, and even lower performance to protect against catastrophic circuit failures. With better tools to identify and better solutions to mitigate transient supply droop, we can operate with higher performance and lower power.”

Key features of the integrated droop response system IP include:

• Extremely fast time to adapt (detect + respond) for droop with fine-grained clock speed selection
• Extremely fast response time for DVFS control
• Industry first observable droop response system for silicon health and analytics management
• Multi-threshold droop detection
• Support for remote and local droop detection
• APB and JTAG interfaces for silicon health and analytics management during bringup, at production test, and during in field operation

Availability

The Aeonic Generate AWM2 is now sampling to select customers. More information on the AWM2 system can be found on the product page or by visiting us at DAC in San Francisco, California (Booth #2417) July 9-13^th 2023.

About

Movellus provides critical technology that is integrated into an array of applications ranging from edge AI devices to performance-centric cloud datacenter compute and networking offerings. The team is headquartered in Sunnyvale with R&D centers in Michigan and Toronto. Visit us at: www.movellus.com

Movellus, the Movellus logo, Aeonic, Aeonic Generate, Elevating Silicon, and Intelligent Clock Networks are among the trademarks of Movellus. The term “Movellus” refers to Movellus Circuits, Inc and/or its subsidiaries. Other trademarks are the property of their respective owners.

Press Contact

Aakash Jani

aakash@movellus.com

+1-503-545-6320

GlobeNewswire Distribution ID 8856804

• LeddarTech has the potential to disrupt the markets for Advanced Driver Assistance Systems (“ADAS”) and Autonomous Driving (“AD”) with patented low-level sensor fusion and perception software products.
• LeddarTech’s unique solution solves current limitations, enabling leading automotive original equipment manufacturers (“OEMs”) and Tier 1-2 suppliers to drive ADAS and AD to new levels of performance, safety and adoption.
• The transaction is expected to provide the company with up to U.S. $66 million in gross proceeds, including up to U.S. $23 million in proceeds from the Prospector trust account (assuming no redemptions) and U.S. $43 million in convertible PIPE proceeds.
• The transaction values LeddarTech at a pro-forma equity value of U.S. $348 million, assuming no redemptions and the full conversion of the convertible PIPE (without taking into account earn-out to LeddarTech existing shareholders or earn-out to Prospector’s sponsor).

QUÉBEC CITY, June 13, 2023 (GLOBE NEWSWIRE) — LeddarTech Inc.® (“LeddarTech” or the “company”), an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, and Prospector Capital Corp. (“Prospector”) (Nasdaq: PRSR, PRSRU, PRSRW), a publicly traded special purpose acquisition company led by former Qualcomm President Derek Aberle and chaired by former Qualcomm Vice Chairman Steve Altman, today announced their entry into a definitive business combination agreement that would result in LeddarTech becoming a publicly listed company. Upon closing of the transaction, which is expected by the fourth quarter of 2023, LeddarTech is expected to be listed on Nasdaq under the ticker symbol “LDTC.”

The transaction values LeddarTech at a pro-forma equity value of U.S. $348 million (assuming no redemptions and the full conversion of the convertible PIPE [without taking into account earn-out to LeddarTech existing shareholders or earn-out to Prospector’s sponsor]) and is expected to provide LeddarTech with up to U.S. $66 million in gross cash proceeds, which are expected to be used to fund the commercialization of its first embedded software solutions, expand its product offerings and deepen its customer engagements.

LeddarTech is a provider of industry-leading low-level sensor fusion and perception software for ADAS and AD. LeddarTech’s software solution is both sensor and processor-agnostic and significantly reduces the cost to OEMs and Tier 1-2 automotive suppliers while delivering improved performance and scalability for entry-level to premium ADAS/AD. ADAS and AD is the largest market within automotive software and is expected to grow at an 11% CAGR to U.S. $42 billion by 20301. The company has a strong early-mover advantage with over seven years of experience working on low-level sensor fusion and perception with 150 patents filed (80 granted) covering a broad array of foundational technologies such as signal acquisition, perception and fusion.

“We are pleased to partner with Prospector to solidify our position as a leading force in the nascent automotive software sector. This collaboration is expected to provide us with the necessary capital and resources to invest in our exceptional team, and take the company to the next level by positioning the company to secure customer wins and drive growth in our business. I am excited that LeddarTech has achieved this important milestone, which we believe will make LeddarTech one of the rare public companies in the pure-play ADAS/AD software space,” said Charles Boulanger, CEO of LeddarTech. Mr. Boulanger continued: “After leading the company since 2013, I have decided that I will retire as CEO once we close the transaction, at which time Frantz Saintellemy, President and COO, is expected to succeed me as LeddarTech CEO, and I plan to remain with the company as a special advisor and as a member of the LeddarTech board of directors.”

Mr. Saintellemy commented: “The automotive industry is increasingly recognizing that low-level sensor fusion and perception will be the architecture of choice for next-generation ADAS systems because it materially reduces system cost, eliminates sensor and processor dependencies and improves safety. We have a leading ‘software-only’ solution for low-level sensor fusion and perception that we believe will help drive the next wave of ADAS as the industry continues to move to software-defined vehicles. We are actively working with customers to integrate this disruptive technology.”

“During my tenure at Qualcomm, I experienced the tremendous value that can be created when innovative companies with foundational technologies disrupt industries,” said Prospector’s CEO, Derek Aberle. “We believe LeddarTech has the potential to do just that. We are excited to partner with LeddarTech’s management team to help drive growth and adoption of their products and believe it represents an attractive investment opportunity for our shareholders.” At the close of the transaction, Mr. Aberle is expected to become Chairman of the LeddarTech board of directors.

Transaction Overview

The transaction has been unanimously approved by the board of directors of Prospector, as well as the board of directors of LeddarTech, and is subject to the satisfaction of customary closing conditions, including the approval of LeddarTech’s and Prospector’s shareholders and the receipt of a final order of the Superior Court of Justice of Québec approving the transaction.

The combined entity will receive approximately U.S. $23 million from Prospector’s trust account, assuming no redemptions by Prospector’s public shareholders, as well as U.S. $43 million in gross proceeds from investors including Prospector’s sponsor, FS Investors (an affiliate of Prospector’s sponsor), Investissement Québec as a representative of the Government of Québec, Desjardins Capital and BDC Capital participating in the transaction via a convertible private placement investment into LeddarTech.

Conference Call Information

LeddarTech and Prospector have recorded an investor conference call and presentation discussing the transaction, which can be accessed by visiting Investor Relations – LeddarTech.

For Investor Relations, including a copy of the investor presentation as filed with the SEC, please visit the LeddarTech website at Investor Relations – LeddarTech or the SEC’s website for Prospector’s filings.

Advisors

TD Cowen is serving as financial advisor to Prospector, and Current Capital is serving as a financial advisor that provided a fairness opinion to Prospector’s board of directors. Stikeman Elliot LLP and Vedder Price PC are representing LeddarTech as legal counsel. Osler, Hoskin and Harcourt LLP and White & Case LLP are representing Prospector as legal counsel. Goodwin Procter LLP is serving as legal advisor to TD Cowen.

About Prospector Capital Corp.

Prospector is a special-purpose acquisition company formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses with a focus on companies with advanced and highly differentiated solutions for the technology sector. The company is led by a team of experienced investors and executives focused on identifying and investing in high-growth companies with strong management teams and attractive market opportunities. Prospector’s securities are traded on Nasdaq under the ticker symbols “PRSR,” “PRSRU” and “PRSRW.”

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patents granted or applied for that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.LeddarTech.com and Investor Relations – LeddarTech.

Important Information About the Proposed Transaction and Where to Find It

In connection with the proposed business combination, Prospector, LeddarTech and the combined entity will prepare and will file with the SEC, the registration statement on Form F-4 (the “Registration Statement”). Prospector, LeddarTech and the combined entity will prepare and file the Registration Statement with the SEC and Prospector will mail the Registration Statement to its shareholders and file other documents regarding the business combination with the SEC. This press release is not a substitute for any proxy statement, registration statement, proxy statement/prospectus or other documents Prospector or the combined entity may file with the SEC in connection with the business combination. INVESTORS AND SECURITY HOLDERS ARE URGED TO READ CAREFULLY AND IN THEIR ENTIRETY THE REGISTRATION STATEMENT WHEN IT BECOMES AVAILABLE, ANY AMENDMENTS OR SUPPLEMENTS TO THE REGISTRATION STATEMENT, AND OTHER DOCUMENTS FILED BY PROSPECTOR OR THE COMBINED ENTITY WITH THE SEC IN CONNECTION WITH THE BUSINESS COMBINATION BECAUSE THESE DOCUMENTS WILL CONTAIN IMPORTANT INFORMATION. Investors and security holders will be able to obtain free copies of the Registration Statement and other documents filed with the SEC by Prospector or the combined entity through the website maintained by the SEC at www.sec.gov.

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 PROPOSED TRANSACTION PURSUANT TO WHICH ANY SECURITIES ARE TO BE OFFERED OR THE ACCURACY OR ADEQUACY OF THE INFORMATION CONTAINED HEREIN. ANY REPRESENTATION TO THE CONTRARY IS A CRIMINAL OFFENSE.

Forward-Looking Statements

Certain statements contained in this press release may be considered forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995, Section 27A of the Securities Act and Section 21E of the Exchange Act (which forward-looking statements shall also include forward-looking statements and forward-looking information within the meaning of applicable Canadian securities laws), including, but not limited to, statements regarding the business combination involving Prospector, LeddarTech and the combined entity, the ability to consummate the business combination and the timing thereof, the anticipated benefits from the business combination, the closing of the private placement financing and expected proceeds therefrom and statements relating to the anticipated combined company’s strategy, future operations, prospects, objectives and financial projections and other financial metrics. Forward-looking statements generally include statements that are predictive in nature and depend upon or refer to future events or conditions, and include words such as “may,” “will,” “should,” “would,” “expect,” “anticipate,” “plan,” “likely,” “believe,” “estimate,” “project,” “intend,” and other similar expressions among others. Statements that are not historical facts are forward-looking statements. Forward-looking statements are based on current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: (i) the risk that the conditions to the closing of the business combination are not satisfied, including the failure to timely or at all obtain shareholder approval for the business combination or the failure to timely or at all obtain any required regulatory clearances, including under the HSR Act or of the Superior Court of Justice of Québec; (ii) uncertainties as to the timing of the consummation of the business combination and the ability of each of Prospector, LeddarTech and the combined entity to consummate the business combination; (iii) the possibility that other anticipated benefits of the business combination will not be realized, and the anticipated tax treatment of the business combination; (iv) the occurrence of any event that could give rise to termination of the business combination; (v) the risk that shareholder litigation in connection with the business combination or other settlements or investigations may affect the timing or occurrence of the business combination or result in significant costs of defense, indemnification and liability; (vi) changes in general economic and/or industry specific conditions; (vii) possible disruptions from the business combination that could harm LeddarTech’s business; (viii) the ability of LeddarTech to retain, attract and hire key personnel; (ix) potential adverse reactions or changes to relationships with customers, employees, suppliers or other parties resulting from the announcement or completion of the business combination; (x) potential business uncertainty, including changes to existing business relationships, during the pendency of the business combination that could affect LeddarTech’s financial performance; (xi) legislative, regulatory and economic developments; (xii) unpredictability and severity of catastrophic events, including, but not limited to, acts of terrorism, outbreak of war or hostilities and any epidemic, pandemic or disease outbreak (including COVID-19), as well as management’s response to any of the aforementioned factors; and (xiii) other risk factors as detailed from time to time in Prospector’s reports filed with the SEC, including Prospector’s Annual Report on Form 10-K, periodic Quarterly Reports on Form 10-Q, periodic Current Reports on Form 8-K and other documents filed with the SEC. The foregoing list of important factors is not exhaustive. Neither Prospector nor LeddarTech can give any assurance that the conditions to the Business Combination will be satisfied. Except as required by applicable law, neither Prospector nor LeddarTech undertakes any obligation to revise or update any forward-looking statement, or to make any other forward-looking statements, whether as a result of new information, future events or otherwise.

No Offer or Solicitation

This press release does not constitute an offer to sell or the solicitation of an offer to buy any securities of Prospector or the combined entity, a solicitation of any vote or approval, nor shall there be any sale of securities in any jurisdiction in which such offer, solicitation or sale 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.

Participants in Solicitation

Prospector, LeddarTech and the combined entity, and certain of their respective directors, executive officers and employees, may be deemed to be participants in the solicitation of proxies in connection with the business combination. Information about the directors and executive officers of Prospector can be found in the Annual Report on Form 10-K for the fiscal year ended December 31, 2022, which was filed with the SEC on March 31, 2023. Information regarding the persons who may, under the rules of the SEC, be deemed participants in the solicitation of proxies in connection with the business combination, including a description of their direct or indirect interests, by security holdings or otherwise, will be set forth in the Registration Statement and other relevant materials when they are filed with the SEC. These documents can be obtained free of charge from the source indicated above.

Company Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc.
Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@LeddarTech.com

Investor Relations Contact:
Kevin Hunt
ICR Inc.
Kevin.Hunt@IcrInc.com

Media Contact:
Dan Brennan
ICR Inc.
Dan.Brennan@icrinc.com

Investor relations contact and website:InvestorRelations@LeddarTech.com
investors.leddartech.com/English/overview/default.aspx

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7520e9a2-3dca-4e3e-815b-84a4ccc6a193

______________________
1 Source: McKinsey.

GlobeNewswire Distribution ID 8856558

– Endocrinology clinical development progress and research in growth hormone deficiency, hypoparathyroidism, achondroplasia, and Turner Syndrome will be highlighted

– Phase 3 Week 52 data for TransCon PTH in adults with hypoparathyroidism selected for oral presentation

COPENHAGEN, Denmark, June 13, 2023 (GLOBE NEWSWIRE) — Ascendis Pharma A/S (Nasdaq: ASND) today announced it will showcase its latest Endocrinology Rare Disease programs, data, and research in growth hormone deficiency, hypoparathyroidism, achondroplasia, and Turner Syndrome at ENDO 2023, the annual meeting of the Endocrine Society being held June 15-18 in Chicago.

An oral presentation on Saturday, June 17, will feature Phase 3 Week 52 data for TransCon PTH in adults with hypoparathyroidism, and five additional poster presentations listed in the table below will showcase other Ascendis programs and data. In addition, Ascendis will host booth #1628, booth #1740, and two product theaters during ENDO 2023.

ABSTRACT		PRESENTING AUTHOR
Hypoparathyroidism
Long-Term Efficacy and Safety of TransCon PTH in Adults with Hypoparathyroidism: 52-Week Results from the Open-Label Extension of the PaTHway Phase 3 Trial Oral presentation, Saturday, June 17, 4:30-4:45 pm (CDT)) Session: OR23-05		Bart L. Clarke, M.D.
Clinical and Economic Burden of Postsurgical Chronic Hypoparathyroidism: A U.S. Medicare Retrospective Analysis Poster, Saturday, June 17, 1:00 – 2:00 pm (CDT) Session P69 Poster: SAT-233		Wahidullah Noori, Pharm. D., M.S.
Achondroplasia
Significantly Improved Annual Height Velocity with Once-Weekly TransCon CNP in Children with Achondroplasia: The ACcomplisH Phase 2, Randomized, Double-Blind, Placebo-Controlled, Dose-Escalation Trial Poster, Thursday, Thursday, June 15, 12:30 – 1:30 pm (CDT) Session P10 Poster: THU-156		Ravi Savarirayan, MBBS, FRACP, HGSA, MD
Growth Hormone Deficiency
Prevalence of Comorbidities Among Treated and Untreated Adults with Suspected Growth Hormone Deficiency Late Breaker: Poster, Saturday, June 17, 1:00 – 2:00 pm (CDT) Session P87 Poster SAT-611		Subhara Raveendran, Ph.D
Subanalysis by Tanner Stage in Phase 3 Trials in Children and Adolescents with Growth Hormone Deficiency Treated with Lonapegsomatropin Poster, Thursday, June 15, 12:30 – 1:30 pm (CDT) Session P10 Poster: THU-173		Paul Hofman, MBChB, Dip Obs, FRACP
Turner Syndrome
Design of the New InsiGHTS Trial: A Multicenter, Phase 2, Randomized, Open-Label, Active Controlled Study to Investigate the Safety, Tolerability, and Efficacy of Lonapegsomatropin in Prepubertal Individuals with Turner Syndrome Poster, Thursday, June 15, 12:30 – 1:30 pm (CDT) Session P10 Poster: THU-164		Sohair Abdelrahman, Pharm.D

About Ascendis Pharma A/S
Ascendis Pharma is applying its innovative TransCon technology platform to build a leading, fully integrated, global biopharma company focused on making a meaningful difference in patients’ lives. Guided by its core values of patients, science and passion, the company uses its TransCon technologies to create new and potentially best-in-class therapies. Ascendis is headquartered in Copenhagen, Denmark, and has additional facilities in Germany (Heidelberg, Berlin and Munich) and the United States (Palo Alto and Redwood City, California, and Princeton, New Jersey). Visit ascendispharma.com to learn more.

Forward-Looking Statements
This press release contains forward-looking statements that involve substantial risks and uncertainties. All statements, other than statements of historical facts, included in this press release regarding Ascendis’ future operations, plans and objectives of management are forward-looking statements. Examples of such statements include, but are not limited to, statements relating to (i) Ascendis’ ability to apply its TransCon technology platform to build a leading, fully integrated, global biopharma company, and (ii) Ascendis’ use of its TransCon technologies to create new and potentially best-in-class therapies. Ascendis may not actually achieve the plans, carry out the intentions or meet the expectations or projections disclosed in the forward-looking statements and you should not place undue reliance on these forward-looking statements. Actual results or events could differ materially from the plans, intentions, expectations and projections disclosed in the forward-looking statements. Various important factors could cause actual results or events to differ materially from the forward-looking statements that Ascendis makes, including the following: dependence on third party manufacturers, distributors and service providers for Ascendis’ products and product candidates; unforeseen safety or efficacy results in its development programs or on-market products; unforeseen expenses related to commercialization of any approved Ascendis products; unforeseen expenses related to Ascendis’ development programs; unforeseen selling, general and administrative expenses, other research and development expenses and Ascendis’ business generally; delays in the development of its programs related to manufacturing, regulatory requirements, speed of patient recruitment or other unforeseen delays; Ascendis’ ability to obtain additional funding, if needed, to support its business activities; the impact of international economic, political, legal, compliance, social and business factors, including inflation, and the effects on its business from the worldwide COVID-19 pandemic and ongoing conflicts such as that in the region surrounding Ukraine and Russia. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to Ascendis’ business in general, see Ascendis’ Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (SEC) on February 16, 2023 and Ascendis’ other future reports filed with, or submitted to, the SEC. Forward-looking statements do not reflect the potential impact of any future licensing, collaborations, acquisitions, mergers, dispositions, joint ventures, or investments that Ascendis may enter into or make. Ascendis does not assume any obligation to update any forward-looking statements, except as required by law.

Ascendis, Ascendis Pharma, the Ascendis Pharma logo, the company logo, and TransCon are trademarks owned by the Ascendis Pharma group. © June 2023 Ascendis Pharma A/S.

Investor Contacts:			Media Contact:
Tim Lee			Melinda Baker
Ascendis Pharma			Ascendis Pharma
+1 (650) 374-6343			+1 (650) 709-8875
tle@ascendispharma.com			media@ascendispharma.com
ir@ascendispharma.com
Patti Bank
ICR Westwicke
+1 (415) 513-1284
patti.bank@westwicke.com

GlobeNewswire Distribution ID 8856534

• Akoustis’ Foundry Services Offers Custom 150-mm RF MEMS Silicon (Si) Substrate Fabrication Capabilities for RF Resonators and Filters
• Launches Fully Automated PDK Incorporating Artificial Intelligence (AI)-Enabled Software for Chip Design
• Expands Available Market Enabling Broad Selection of Customers the Ability to Utilize XBAW^® Process

Charlotte, N.C., June 13, 2023 (GLOBE NEWSWIRE) — Akoustis Technologies, Inc. (NASDAQ: AKTS) (“Akoustis” or the “Company”), an integrated device manufacturer (IDM) of patented bulk acoustic wave (BAW) high-band RF filters for mobile and other wireless applications, announced that the Company has launched its cutting-edge foundry and engineering services to target market segments including mobile, Wi-Fi, defense, 5G infrastructure, and automotive.

Akoustis’ world class foundry will provide customers with unmatched bulk acoustic wave (BAW) fabrication capabilities on 150-mm Si substrates. Strategically located just outside of Rochester, New York, the Company’s 125,000 square-foot, state-of-the-art facility enables the manufacture of high-performance BAW devices based on the MEMS-based XBAW^® process.

Akoustis’ foundry will offer distinct XBAW^® technology, catering to different frequency ranges and providing customers with unparalleled flexibility. The XBAW^® XB1 technology covers a frequency range from 1.6 GHz to 7 GHz, while the next generation XBAW^® XP3F technology is expected to cover frequencies from 7 GHz to 20 GHz. As a part of its comprehensive solution, Akoustis provides automated Process Design Kits (PDKs) leveraging machine learning algorithms to customers, facilitating efficient and accurate design implementations. The PDKs will enable customers to construct intricate designs and optimize their end solutions, leveraging the full potential of Akoustis’ foundry and its advanced fabrication capabilities. Akoustis’ back-end services will be driven by GDSI, a US-based, trusted supplier of premium semiconductor back-end supply chain services, catering to customers’ advanced wafer processing needs with services including wafer dicing, wafer pick and place, and back grinding and polishing.

Jeff Shealy, founder and CEO of Akoustis, stated, “The launch of our improved foundry and engineering services represents a significant milestone for Akoustis as we continue to lead the industry in providing cutting-edge BAW RF filter solutions.” Mr. Shealy continued, “By leveraging our advanced PDKs driven by AI-enabled software to reduce design cycle time customers can streamline their design processes, achieve optimal performance, and stay at the forefront of wireless innovation with seamless integration.”

Akoustis continues to experience strong demand and a growing sales funnel for its Wi-Fi, 5G mobile, and 5G infrastructure products, as well as its new XBAW^®/SAW resonator and oscillator products, and semiconductor back-end services. Akoustis continues to add new Wi-Fi design wins, many of which are expected to ramp into production in calendar 2023.

About Akoustis Technologies, Inc.

Akoustis^® (http://www.akoustis.com/) is a high-tech BAW RF filter solutions company that is pioneering next-generation materials science and MEMS wafer manufacturing to address the market requirements for improved RF filters – targeting higher bandwidth, higher operating frequencies and higher output power compared to legacy polycrystalline BAW technology. The Company utilizes its proprietary and patented XBAW^® manufacturing process to produce bulk acoustic wave RF filters for mobile and other wireless markets, which facilitate signal acquisition and accelerate band performance between the antenna and digital back end. Superior performance is driven by the significant advances of poly-crystal, single-crystal, and other high purity piezoelectric materials and the resonator-filter process technology which enables optimal trade-offs between critical power, frequency, and bandwidth performance specifications.

Akoustis plans to service the fast growing multi-billion-dollar RF filter market using its integrated device manufacturer (IDM) business model. The Company owns and operates a 125,000 sq. ft. ISO-9001:2015 registered commercial wafer-manufacturing facility located in Canandaigua, NY, which includes a class 100 / class 1000 cleanroom facility – tooled for 150-mm diameter wafers – for the design, development, fabrication and packaging of RF filters, MEMS and other semiconductor devices. Akoustis Technologies, Inc. is headquartered in the Piedmont technology corridor near Charlotte, North Carolina.

Forward-Looking Statements

This document includes “forward-looking statements” within the meaning of Section 27A of the Securities Act, and Section 21E of the Securities Exchange Act of 1934, each as amended, that are intended to be covered by the “safe harbor” created by those sections. These forward-looking statements include, but are not limited to, statements about our estimates, expectations, beliefs, intentions, plans or strategies for the future (including our possible future results of operations, profitability, business strategies, competitive position, potential growth opportunities, potential market opportunities and the effects of competition), timing and achievement of new design wins and ramping of production, and the assumptions underlying such statements. Forward-looking statements include all statements that are not historical facts and typically are identified by use of terms such as “may,” “might,” “would,” “will,” “should,” “could,” “project,” “expect,” “plan,” “strategy,” “anticipate,” “attempt,” “develop,” “help,” “believe,” “think,” “estimate,” “predict,” “intend,” “forecast,” “seek,” “potential,” “possible,” “continue,” “future,” and similar words (including the negative of any of the foregoing), although some forward-looking statements are expressed differently. Forward-looking statements are neither historical facts nor assurances of future results, performance, events or circumstances. Instead, these forward-looking statements are based on management’s current beliefs, expectations and assumptions, and are subject to risks and uncertainties. Factors that could cause actual results to differ materially from those currently anticipated include, without limitation, risks relating to our inability to obtain adequate financing and sustain our status as a going concern; our limited operating history; our inability to generate revenues or achieve profitability;  the results of our research and development activities; our inability to achieve acceptance of our products in the market; the possibility that the anticipated benefits from business acquisitions will not be realized in full or at all or may take longer to realize than expected; the possibility that costs or difficulties related to the integration of acquired businesses’ operations will be greater than expected and the possibility of disruptions to our business during integration efforts and strain on management time and resources; the impact of a pandemic or epidemic or a natural disaster, including the COVID-19 pandemic, the Russian-Ukrainian conflict and other sources of volatility on our operations, financial condition and the worldwide economy, including its impact on our ability to access the capital markets; increases in prices for raw materials, labor, and fuel caused by rising inflation; general economic conditions, including upturns and downturns in the industry; shortages in supplies needed to manufacture our products, or needed by our customers to manufacture devices incorporating our products; our limited number of patents; failure to obtain, maintain, and enforce our intellectual property rights; claims of infringement, misappropriation or misuse of third party intellectual property, including the lawsuit filed by Qorvo, Inc. in October 2021, that, regardless of merit, could result in significant expense and negatively impact our business results; our inability to attract and retain qualified personnel; our reliance on third parties to complete certain processes in connection with the manufacture of our products; product quality and defects; existing or increased competition; our ability to successfully manufacture, market and sell products based on our technologies; our ability to meet the required specifications of customers and achieve qualification of our products for commercial manufacturing in a timely manner; our inability to successfully scale our New York wafer fabrication facility and related operations while maintaining quality control and assurance and avoiding delays in output; the rate and degree of market acceptance of any of our products; our ability to achieve design wins from current and future customers; contracting with customers and other parties with greater bargaining power and agreeing to terms and conditions that may adversely affect our business; risks related to doing business in foreign countries, including China; any security breaches, cyber-attacks or other disruptions compromising our proprietary information and exposing us to liability; our failure to innovate or adapt to new or emerging technologies, including in relation to our competitors; our failure to comply with regulatory requirements; results of any arbitration or litigation that may arise; stock volatility and illiquidity; dilution caused by any future issuance of common stock or securities that are convertible into or exercisable for common stock; our failure to implement our business plans or strategies; and our ability to maintain effective internal control over financial reporting. These and other risks and uncertainties are described in more detail in the Risk Factors and Management’s Discussion and Analysis of Financial Condition and Results of Operations sections of the Company’s most recent Annual Report on Form 10-K and in subsequently filed Quarterly Reports on Form 10-Q. Considering these risks, uncertainties and assumptions, the forward-looking statements regarding future events and circumstances discussed in this document may not occur, and actual results could differ materially and adversely from those anticipated or implied in the forward-looking statements. You should not rely upon forward-looking statements as predictions of future events. The forward-looking statements included in this document speak only as of the date hereof and, except as required by law, we undertake no obligation to update publicly or privately any forward-looking statements, whether written or oral, for any reason after the date of this document to conform these statements to new information, actual results or to changes in our expectations.

Contact:

COMPANY:
Tom Sepenzis
Akoustis Technologies
VP of Corporate Development & IR
(980) 689-4961
tsepenzis@akoustis.com

GlobeNewswire Distribution ID 8856558