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U Power And Velo Labs Team Up To Create Battery Bank Trading And Funding Platform

Benzinga

By Meg Flippin, Benzinga U Power Limited (NASDAQ: UCAR), the Chinese EV power solution company that offers a proprietary battery-swapping technology, is setting out to further electrify the market via a deal with Velo Labs Technology Ltd., a global fintech company. The two have entered into a memorandum of understanding to establish a battery infrastructure investment ecosystem in Thailand. The idea is to create a battery bank asset and fund trading platform based on Velo's blockchain technology. Through the platform U Power and Velo Labs hope to attract external funding to promote the large-scale development of the battery bank industry. A battery bank is a collection of batteries that are connected and store energy together. For EVs, the idea of the industry is to create battery bank stations around the country where drivers quickly swap out dead batteries for new ones. The trading platform would integrate battery assets from various "UOTTA" battery bank scenarios, including batteries for four-wheel and two-wheel electric vehicles, batteries from various battery swap stations and batteries used in energy storage projects. "Our partnership with Velo Labs demonstrates that as electric vehicles and other green applications develop on a large scale, battery banks will become increasingly important,” said Jia Li, Chairman and CEO of U Power, when announcing the deal. “Once the value system and trading model for battery assets are established, more investors will be attracted to enter this vast market in the future. Our UOTTA battery swap business serves as an ideal carrier for this model and will generate consistent returns for our shareholders." U Power’s Edge With U Power’s advanced technology, consumers and fleet operators can replace dead EV batteries with fully charged ones in under five minutes. That removes the time challenges, and with swapping stations eventually located throughout China, it eliminates the fear of running out of battery life. As of March 2023, U Power had a vehicle sourcing network of about 100 wholesalers and 30 dealers across China’s lower-tier cities. Last year, it sold and delivered six battery-swapping stations to four customers. All told, it has already sold eleven battery-swapping stations. As part of the collaboration between U Power and Velo Labs, the two will manage the entire lifecycle of battery assets, including battery cascade utilization, dismantling and environmentally friendly disposal and comprehensively improving battery utilization rates and residual value, U Power says. Velo Labs is a fintech based in the British Virgin Islands. It was co-founded in 2018 by Chatchaval Jiaravanon, a member of the Charoen Pokphand Group, which is Thailand's largest conglomerate. Velo Labs aims to create a trustless financial infrastructure that supports cryptocurrency payments and smart contracts, making financial transactions cheaper, faster and more accessible. Battery Swapping Trending U Power and Velo Labs collaboration comes at a time when battery swapping could be set to grow in China as the country embraces EVs as a way to fight global warming. The market size for battery swapping and electric commercial vehicles is projected to reach RMB 176,615.1 million in 2026, growing at a CAGR of 68.1% from now until then, according to a report by Frost & Sullivan cited by U Power. U Power is aiming to capitalize on it by forging partnerships and innovating in the market. In addition to its deal with Velo Labs, U Power counts Dutch electric vehicle company UNEX as well as Cornerstone Technologies Holdings Limited as partners. The EV market seems to be poised for growth as the world looks for greener alternatives, and trading the energy being collected and stored could emerge as a key trend. U Power and Velo Labs are banking on that with this collaboration. Featured photo by israel palacio on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 10, 2024 08:30 AM Eastern Daylight Time

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NAVEX Unveils Curated AI Content Library to Simplify Compliance and Risk Mitigation

NAVEX Global

NAVEX, the global leader in integrated risk and compliance management software, introduces its new AI-focused content library designed to help organizations address the rapidly evolving landscape of Artificial Intelligence (AI) regulations and frameworks. As AI technologies become part of daily operations, many organizations find themselves entering uncharted waters regarding effective AI governance. According to Forrester’s September 2023 Artificial Intelligence Pulse Survey, 56% of AI decision-makers said their organization will use generative AI (genAI) in the next 12 months for internal or customer-facing production applications for employee productivity. The stakes are rising, and navigating these challenges without a clear framework can feel overwhelming, leaving companies vulnerable to risks. NAVEX plays a critical role by enabling companies to implement strong controls, automate workflows, and perform comprehensive testing. This approach simplifies complex challenges and transforms them into strategic opportunities. NAVEX’s content library is continuously curated to cover international and industry-specific AI regulations, including emerging standards and compliance requirements. By leveraging this resource, customers can ensure their AI initiatives align with ethical guidelines and regulatory mandates. A.G. Lambert, Chief Product Officer at NAVEX, captures the pivotal moment many organizations face: "As AI technologies revolutionize industries, companies find themselves standing at a crossroads, navigating the intricate landscape of effective AI governance. Our AI content not only empowers risk management professionals to establish crucial controls but also enhances efficiency by automating compliance processes. This dual approach enables organizations to embrace AI technology with confidence, transforming challenges into opportunities for growth and innovation." Key features of the NAVEX AI content library include: Centralized AI Regulatory Resources: Access a consolidated library of global AI regulations and industry-specific guidelines. Streamlined Control Development: Simplify the process of creating and implementing AI-specific controls to align with emerging regulations. Automated Compliance Monitoring: Leverage automation to track compliance requirements and ensure adherence through continuous control testing. Enhanced Risk Mitigation: Identify and mitigate AI-related risks proactively using structured regulatory frameworks. Future-Proof Compliance Strategy: Stay ahead of evolving AI laws and standards, ensuring the organization remains compliant and competitive. NAVEX is enhancing AI governance with its NAVEX One platform that streamlines the process of developing and distributing AI-related policies, ensuring companies stay aligned with fast-changing compliance requirements in the AI landscape. Should employees or third parties have AI-related issues or concerns, the NAVEX One platform offers employees a secure solution to report them. This proactive approach helps organizations identify and mitigate potential risks early on. The NAVEX content library offers over 400 regulations and compliance frameworks, continuously expanding to meet the demands of an evolving regulatory environment. This extensive resource includes critical AI regulations such as the EU AI Act, NIST AI Risk Management Framework, and the Colorado Artificial Intelligence Act. As AI governance becomes increasingly critical, NAVEX integrates AI training, incident management, and policy management into this comprehensive resource, ensuring organizations stay ahead of compliance requirements. With real-time updates, businesses can select tailored content to meet emerging AI regulatory standards, providing the tools to navigate current and future compliance challenges effectively. This seamless integration helps organizations maintain a proactive risk and compliance posture while leveraging cutting-edge technologies. The new AI content library is now available as part of NAVEX’s Integrated Risk Management solution. For more information, visit NAVEX’s Website. NAVEX is trusted by thousands of customers worldwide to help them achieve the business outcomes that matter most. As the global leader in integrated risk and compliance management software and services, we deliver solutions through the NAVEX One platform, the industry’s most comprehensive governance, risk and compliance (GRC) information system. For more information, visit NAVEX.com and our blog. Follow us on Twitter and LinkedIn. Contact Details Navex Global +1 617-388-5773 scott.levesque@navex.com Company Website https://navex.com

October 08, 2024 08:00 AM Eastern Daylight Time

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NAFA Opens Registration for Annual 2025 Institute & Expo

NAFA Fleet Management Association

NAFA Fleet Management Association (NAFA), the vehicle fleet industry’s largest membership association, is pleased to announce registration and housing are now open for the 2025 Institute & Expo (I&E). The premier fleet management event will take place April 28-30, 2025, in Long Beach, California, at the Long Beach Convention Center. Attendees can now register and book their accommodations at nafainstitute.org. NAFA’s 2025 I&E is set to bring together thousands of fleet professionals, representing corporate, government, public safety, utility, education fleets, and more. This year’s theme, “Propel Your Fleet,” highlights the event’s focus on innovation, sustainability and preparing fleets for the future in an ever-evolving industry. “NAFA’s Institute & Expo is the fleet management event of the year, offering unmatched opportunities for professional development, networking and exploring the latest products and technologies in fleet management,” said Bill Schankel, CAE, CEO of NAFA. Mike Camnetar, CAFM, NAFA Board President commented, “NAFA is excited to welcome attendees to Long Beach for I&E 2025, where fleet professionals will have the opportunity to gain the insights and tools they need to stay ahead of industry changes and drive their organizations toward success.” The I&E 2025 agenda is packed with opportunities for fleet professionals to stay ahead of the curve in a rapidly evolving industry. This year's event will feature more than 40 educational sessions covering a wide range of topics, including Emerging Technologies, Law Enforcement, Leadership, New to Fleet, Operations Management, Safety, Strategy, Sustainability and more. Attendees will also have the chance to engage in an Industry Update with a leading OEM, connect with peers, discover the latest fleet innovations, and participate in hands-on learning experiences. Key highlights of I&E 2025 include: Exhibit Hall: Discover the latest in fleet products and solutions from more than 200 exhibitors, showcasing innovations that can propel fleet operations forward. Indoor & Outdoor Ride & Drive Experiences, powered by Bobit: Get behind the wheel to interact with the latest vehicles. The Indoor EV Ride & Drive will take place in the Exhibit Hall, and the Outdoor Ride & Drive will occur on April 30, allowing attendees to experience advanced vehicle technologies up close. NAFA’s third annual Innovations Showcase: An interactive zone in the Exhibit Hall where attendees can explore cutting-edge products and vote for the People’s Choice award. Pre-Conference Events: Workshop-style sessions kicking off April 27, offering deep dives into fleet management’s most pressing topics: Maintenance Management, Sustainable Fleet Management and Driving Safety with Behavioral Science. Technician Training Program: A specialized program for technicians and service professionals. CAFM Live: A live instruction program running April 27-30, designed to help fleet professionals accelerate their progress toward becoming Certified Automotive Fleet Managers (CAFM). Crowning of the 100 Best Fleets in the Americas: Celebrating industry excellence and leadership, the top-performing public and commercial fleet operations, as well as the Fleet Professional and Fleet Technician of the Year, will be named. These features, combined with extensive networking opportunities and the industry’s largest Exhibit Hall, make I&E 2025 an essential event for fleet professionals. View the I&E preliminary program. Early bird registration is available through January 2025. More information on the lineup of educational sessions and speakers will be released leading up to the event. Prospective exhibitors are encouraged to secure their space early to ensure prime placement in the Exhibit Hall. For more information about reserving an exhibit booth, please visit NAFA’s website. Sponsorship opportunities can be secured here. NAFA Fleet Management Association is the membership organization for professionals who manage the mobility requirements of vehicle fleets that include commercial, public safety, trucks, and buses of all types and sizes, and a wide range of military and off-road equipment for corporations, governments, universities, utility fleets, and law enforcement in North America and across the globe. NAFA’s members are responsible for the specification, acquisition, maintenance, repair, fueling, risk management, and remarketing of more than 4.8 million vehicles that drive an estimated 84 billion miles each year. NAFA’s members control assets and services well above $122 billion each year. For more information, please visit www.nafa.org, and communicate with NAFA on LinkedIn, Facebook, and X. Contact Details Keaveny Hewitt +1 919-622-5276 khewitt@onwrdupwrd.com Company Website https://www.nafa.org/

October 01, 2024 11:23 AM Eastern Daylight Time

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Canoo’s Oklahoma Plant Becomes First Automotive Foreign-Trade Zone In The State, Cutting Red Tape And Reducing Fees

Benzinga

By Meg Flippin, Benzinga Canoo Inc. (NASDAQ: GOEV), the high-tech advanced mobility company churning out fully electric lifestyle vehicles, just got the final nod from the U.S. Customs and Border Protection (CBP) for its Oklahoma City operations to become the first automotive Foreign-Trade Zone in the state. Foreign-Trade Zones (FTZs) are specially designated sites close to U.S. ports that importers and exporters use to move goods in and out of the country. Companies operating in FTZs pay reduced or zero duties, taxes or fees. FTZs help U.S. companies to compete better on the global stage by streamlining logistics, minimizing regulatory hurdles and better controlling inventory. Perks offered for being In Oklahoma City’s FTZ include duty elimination on previously imported material, materials that are re-exported, rejected, scrapped, wasted or return-to-vendor imported material and sales of imported materials or finished products containing imported components to companies operating in other U.S. FTZs. Duties are deferred for manufacturing in the U.S. and selling domestically. Other perks include just-in-time delivery, quotas and reduced customs delays, as well as the ability to hold merchandise in a foreign-trade zone indefinitely. Canoo Bolsters Oklahoma Plant Canoo’s Oklahoma plant, which the company opened last April, occupies close to 500,000 square feet, with the ability to expand, and can employ over 500 people at capacity! Canoo recently added to the Oklahoma plant’s occupancy by migrating its engineering workforce from California to the state. Canoo said one of the main reasons for the move to Oklahoma is to have engineering and manufacturing under one roof. The company said the strategic decision will “drive operational efficiencies and foster greater collaboration as Canoo continues to meet goals towards its step level ramp manufacturing.” That’s becoming a reality thanks in part to its two tranches of new or like-new advanced manufacturing assets, formerly owned by Arrival Automotive UK Limited, at its facility in Oklahoma City. The received assets will bolster in-house processes and enable higher cabin line production volumes in 2025, the company said. “We thank Oklahoma City Customs Port Director Pequano and the Dallas U.S. Customs and Border Protection Area Port office for the work, support and direction for the activation approval. It's great to get this milestone completed as it's part of a larger strategy with more to come,” said Tony Aquila, Investor, Executive Chairman and CEO of Canoo. The company said the FTZ is a big deal toward “harmonizing” its supply chain and protecting it from the whims of other countries. Being in the FTZ also provides stability against a tariff landscape that has the potential to change in 2025. Reimaging Fully Electric Vehicles Canoo makes a suite of fully electric delivery vehicles (LDVs) that are built on a modular design. The modular electric platform is designed to maximize vehicle interior space, enabling it to be customizable across owners and applications. With a robust lineup of electric LDVs, including delivery vehicles, pickup and lifestyle vehicle (LV), Canoo is attempting to do to the commercial transportation market what Tesla (NASDAQ: TSLA) did to the consumer EV market with its lineup of sedans, SUV and truck. It doesn’t hurt that Canoo makes its LDVs with what it says are eco-friendly materials with the smallest footprint. Canoo’s delivery vehicles are designed to be modular, built for global roads and a variety of commercial uses. Canoo is focused on driving value for fleets by reducing total cost of ownership and maximizing utilization through software solutions and customized upfitting. It also sticks to a clean, minimalist shape that has gotten recognition, most recently receiving several Red Dot Design Awards. The Red Dot Award is an annual international competition recognizing excellence in design and among the world’s largest design competitions, validating Canoo’s approach to design. Learn more about Canoo Inc. by checking out its investors website here. Featured photo courtesy of Canoo. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 01, 2024 09:25 AM Eastern Daylight Time

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BestGrowthStocks.Com Issues a Comprehensive Analysis of Luminar Technologies and Proposed Trade Restrictions

Luminar Technologies (LAZR)

NEW YORK, NY / NewsDirect / September 27th, 2024 / Best Growth Stocks, a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing exclusive ai-assisted research recently issued an in-depth analysis of Luminar Technologies Inc. a leading global automotive technology company. Luminar Technologies Inc. (NASDAQ: LAZR) has garnered significant investor attention following the announcement of potential trade protections. Best Growth Stock's full report offers an in-depth analysis of Luminar’s operations, details of the recently proposed trade restrictions, competition, potential catalysts, growth drivers, financials, key customers, and more. Access this full analysis free here: https://bestgrowthstocks.com/access-lazr-analysis/ About Luminar Luminar is a global automotive technology company ushering in a new era of vehicle safety and autonomy. For the past decade, Luminar has built an advanced hardware and software/AI platform to enable its over 50 industry partners, including most global automotive OEMs. From consumer vehicle programs with Volvo Cars and Mercedes-Benz to technology partnerships including NVIDIA and Mobileye, Luminar is poised to be the first automotive technology company to enable next-generation safety and autonomous capabilities for global production vehicles. For more information, please visit www.luminartech.com. About Best Growth Stocks Best Growth Stocks is a leading independent equity research and corporate access firm focused on finding and reporting on the best growth stocks utilizing our exclusive ai-assisted research. BGS is also a financial news provider, focused on giving investors direct access to CEOs of promising, publicly-traded companies, and market experts. Our CEO interviews aim to answer the questions that rest on the minds of current and future shareholders. This is not to be construed as financial advice. Please consult with a licensed financial advisor before making any investment decisions. Media Contact Best Growth Stocks Senior Editor: Steve Macalbry Editor@BestGrowthStocks.Com SOURCE: BestGrowthStocks.Com Contact Details Media Source LLC Steve Macalbry +1 989-274-7778 editor@bestgrowthstocks.com Company Website https://bestgrowthstocks.com/

September 27, 2024 07:00 AM Eastern Daylight Time

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How Canoo's Flexible, Award-Winning Electric Vans Are Helping Reshape Commercial And Government Fleets

Benzinga

By Meg Flippin, Benzinga Learn more about Canoo Inc. by checking out its Investor Relations Website. From delivery vans that have driver-side storage, built-in removal tools and hanging storage to pickup trucks with fold-down workspaces, hidden storage and expandable cargo space, Canoo Inc. (NASDAQ: GOEV) is reimagining the transportation market with its suite of fully-electric lifestyle delivery vehicles (LDVs) and democratized battery power solutions. Justin, Texas-based Canoo (with its main manufacturing in Oklahoma City and battery module manufacturing in Pryor, Oklahoma) is bringing electric vehicles, namely delivery vehicles in the Class 1 and 2 categories, to large commercial and government fleets via a proprietary modular electric platform designed to maximize vehicle interior space, enabling it to be customizable across owners and applications. The company offers a lineup of electric delivery vehicles targeting smaller more flexible uses, including last mile delivery. EVs With A Twist Take Canoo’s LDV190 for starters. The newest to the Canoo lineup, the LDV 190 is a long-haul delivery vehicle that gets more than 200 miles per charge. But the range and horsepower aren’t what makes the LDV190 and its other EVs different. It’s the flexibility and space within the vehicle where the company says things get interesting. Canoo’s delivery vehicles are built on a modular platform allowing customizable configurations whether you are hauling large packages or racks of clothing. Foldable and retractable storage and tables on the exterior of the vehicles make Canoo’s vehicles unique in the market, the company says. It also sticks to a clean, minimalist shape that has received design award recognition, most recently several Red Dot Design Awards. The Red Dot Award is an annual international competition recognizing excellence in design and among the world’s largest design competitions. Canoo’s steer-by-wire technology is not common in vehicles today. Canoo says using steer-by-wire technology reduces moving parts and cabin intrusion, resulting in more usable interior space, better driver ergonomics and the addition of a panoramic window to improve road visibility. This type of technology has been used in aviation for decades, but Canoo is the first to bring it to a production vehicle. The LDV190 offers multiple cargo configurations including shelves and racks, and advanced safety features such as blind spot monitoring and traction stability control. Canoo is going after the delivery market with this electric LDV and counts the U.S. Post Office (USPS) as a customer. Canoo has already delivered six right-hand drive versions of the LDV 190 to the USPS as part of its move to electrify and modernize the postal service’s delivery fleet, and it will likely run another RFP for vehicles later this year where Canoo will compete. The USPS is investing $40 billion to upgrade and improve the organization’s processing, transportation and delivery networks. Success With Walmart And Other Last Mile Delivery Companies The LDV130 is another electric lifestyle delivery vehicle in Canoo’s lineup. This one is more compact and is designed for the worker and last-mile deliveries. Go2 Delivery, a logistics solutions provider with a sustainability mission, recently signed a definitive agreement to purchase five LDV130s with the potential to purchase up to an additional 85 vans. Go2 Delivery will integrate Canoo’s LDV130 into its delivery fleet to enhance operational efficiency, provide eco-friendly deliveries for customers and lower its environmental impact, Canoo said. Canoo’s LDVs have been in deep testing with the e-commerce operation of Walmart Inc. (NYSE: WMT) which inked a deal with Canoo a couple of years ago to purchase 4,500 LDVs. Walmart has an option to buy up to 10,000. Canoo is part of Walmart’s plan to achieve zero emissions by 2040, the companies said when announcing the deal. Consumers aren’t forgotten in Canoo’s lineup. The LV is Canoo’s minivan of sorts. It includes Canoo’s steer-by-wire system, a wide field of view, a panoramic sunroof and five- and seven-seat configurations. This variant was customized and sold to NASA as the Crew Transportation Vehicles (CTVs) that will take the Artemis Mission astronauts to the launchpad and has effectively replaced the NASA Astrovan. The Canoo Pickup and American Bulldog were designed for everything and came with built-in draws, foldable tables, modular storage and a pull-out bed extension. A version of the pickup, the Screaming Eagle, was sold to the U.S. Army for testing for their Light Tactical Vehicle (LTV) program. Canoo’s line-up of fully electric LDVs is designed to usher in a new era of sustainability for the commercial transportation market. Taking a page from Tesla (NASDAQ: TSLA), Canoo is betting the modular design and the ability to customize the cargo space on the fly will appeal to companies and government customers looking to lower their carbon footprint. Keep a look out for more Canoo Inc. announcements here. Featured photo by Canoo. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

September 24, 2024 08:30 AM Eastern Daylight Time

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Industry Update: 3 Exciting Precision Oncology Players to Watch Following Summit’s Meteoric Rise: Silexion, Nuvectis, Scorpian

Global Markets News

Summit Therapeutics (NASDAQ: SMMT) recently captured headlines with the release of its Phase 3 data for ivonescimab, a targeted NSCLC therapy that has generated substantial buzz. The results from its trial conducted in China showed a dramatic 49% reduction in the risk of disease progression or death compared to Merck’s Keytruda, signaling a potentially disruptive force in NSCLC treatment. However, the news wasn’t without its concerns—since the trial data originates from China, there are questions about its applicability to broader, global populations. As noted by BMO Capital Markets’ Evan Seigerman: “Results may or may not be generalizable beyond the China-focused patient population initially assessed.” Despite this, Summit’s valuation has risen by over 100%, now approximating $19 billion. With such a high valuation, the company could see limited room for further significant gains, leading many in the industry to explore other emerging opportunities in precision oncology. Alongside Summit, there are quite a few other players in the field. Some if these companies have even already shown promising initial results and could see similar success in the future if they were to report positive results. These emerging players are worth watching for those interested in following precision oncology drug candidates and pipelines. Among them are precision oncology innovators such as Silexion Therapeutics, Nuvectis Pharma, and Scorpion Therapeutics, which we discuss below. Silexion Therapeutics: Disrupting the KRAS-Driven Cancer Space Silexion Therapeutics (NASDAQ: SLXN) is another under-the-radar player in the precision oncology space, with a focus on KRAS-driven cancers—a notoriously difficult target in oncology. While current small-molecule KRAS inhibitors are making progress, they are often limited to specific mutations, such as KRAS G12C, which accounts for a small percentage of cancers. Silexion’s RNA interference (RNAi) approach offers a broader solution, targeting a wider spectrum of KRAS mutations, particularly in pancreatic cancer, one of the deadliest and most treatment-resistant cancers. At the heart of Silexion’s approach is its LODER™ platform, which delivers siRNA directly to the tumor site, silencing KRAS mutations at the genetic level. This localized delivery not only increases efficacy by concentrating the treatment in the tumor, but it also reduces systemic side effects. Silexion’s next-generation candidate, SIL-204, is an optimized siRNA formulation designed to target pan-KRAS G12x mutations, positioning it to treat a broader range of KRAS-driven cancers beyond pancreatic cancer, such as lung and colorectal cancers. In Phase 2 trials for locally advanced pancreatic cancer, Silexion's LODER™ platform showed a 9.3-month improvement in overall survival when combined with standard chemotherapy. Additionally, the objective response rate (ORR) increased from 20% with chemotherapy alone to 55% with the combination, and in some cases, tumors that were initially non-resectable became operable after treatment with LODER™. These results are especially encouraging given the limited options available for pancreatic cancer patients. SIL-204, is expected to enter Phase 2/3 clinical trials in 2025-2026. What makes Silexion particularly intriguing is its current market valuation. Valued at aproximatly just ~$9 million following its SPAC merger, the company’s valuation could be perceived as low when compared to some of its peers, especially given its innovative technology and promising clinical achievements. Some have wondered whether this low valuation has more to do with dynamics post-SPAC companies. If Silexion can report positive results in its later-stage trials, the company’s outlook could dramatically improve, reflecting the potential of its RNAi-based platform. Like NXP900, SIL-204 could potentially have vast applications across multiple KRAS-driven cancer types, making Silexion a company to watch closely as it advances through clinical development. Nuvectis Pharma: Targeting NSCLC and Beyond by Inhibiting SRC/YES1 Kinases Nuvectis Pharma (NASDAQ: NVCT) has been quietly making strides in the precision oncology sector, developing innovative therapies aimed at overcoming treatment resistance in hard-to-treat cancers. Its lead candidate, NXP900, targets NSCLC by inhibiting the SRC/YES1 kinases, which play critical roles in cancer cell survival and resistance to current therapies. This approach positions NXP900 as a potential game-changer in the treatment of NSCLC, particularly in patients who have developed resistance to EGFR and ALK inhibitors, such as AstraZeneca’s Tagrisso and Novartis’ Alecensa. NXP900 is still in the early stages of clinical development, currently undergoing Phase 1 trials. However, preclinical studies have already shown that it has strong anti-tumor activity in resistant NSCLC models. Even more promising is its potential application beyond NSCLC. Like Summit's ivonescimab, NXP900 focuses on resistance, but it also has broader applications due to its ability to target multiple cancer types driven by SRC/YES1 pathways. This versatility makes it a promising asset not just for NSCLC but also for other difficult-to-treat cancers like squamous cell carcinomas. In addition to NXP900, Nuvectis is advancing NXP800, another precision oncology candidate that is further along in the clinical development process. NXP800 is currently in Phase 1b trials, targeting ARID1a-mutated cancers such as ovarian and endometrial cancers. The early clinical data for NXP800 is promising, showing positive responses in patients with platinum-resistant ovarian cancer. With two strong candidates in the pipeline, Nuvectis is positioning itself as a formidable player in the precision oncology landscape. As Summit’s ivonescimab continues to gain attention, Nuvectis’ earlier-stage NXP900, with its NSCLC focus and beyond, could see similar success in the future if clinical results continue to trend positively. Scorpion Therapeutics: Pioneering Mutant-Selective Therapies Scorpion Therapeutics is redefining the frontier of precision oncology with its focus on delivering highly selective small molecules targeting validated and previously undruggable cancer mutations. Its lead candidate, STX-478, is a mutant-selective, allosteric PI3Kα inhibitor currently in Phase 1/2 trials for advanced solid tumors. Early data presented at the ESMO Congress 2024 highlighted its potential, with STX-478 demonstrating a 23% overall response rate in breast cancer and a 21% response rate across all tumor types, positioning it as a potentially best-in-class PI3Kα inhibitor. STX-478 is notable for its ability to spare wild-type PI3Kα activity in normal tissues, avoiding the toxicities seen with previous PI3Kα inhibitors, such as hyperglycemia and rash. Tumor reductions were seen in 72% of patients treated with STX-478 as a monotherapy, with circulating tumor DNA levels dropping in 86% of patients. This mutant-selective precision could help overcome the limitations of existing PI3Kα inhibitors, which have struggled with dose-limiting toxicities. In July 2024, Scorpion raised $150 million in a Series C financing round, co-led by Frazier Life Sciences and Lightspeed Venture Partners. The additional funding will support the advancement of STX-478 and other pipeline assets, positioning Scorpion for further clinical success. Scorpion’s pipeline includes a broad range of wholly-owned compounds that target both validated and novel cancer targets, positioning the company for future expansion into larger patient populations. As STX-478 progresses through clinical development, Scorpion is poised to become a significant player in the precision oncology space, making it another company worth watching closely. Optimistic Outlook for Precision Oncology The precision oncology space is experiencing a golden era of innovation, with companies like Summit Therapeutics, Nuvectis Pharma, Silexion Therapeutics, and Scorpion Therapeutics leading the charge. As the focus shifts towards targeted therapies that address resistance mechanisms, the market is increasingly favoring companies with novel approaches and broad applications. Summit’s meteoric rise has shown that there is tremendous potential for companies that can demonstrate efficacy in overcoming cancer resistance. While Summit has already captured much of the current attention, companies like Nuvectis, Silexion, and Scorpion, with their earlier-stage pipelines, offer exciting opportunities for the industry to keep a close eye on. As these companies continue to report clinical data and advance through trials, the potential for breakthroughs in treating some of the most difficult cancers grows stronger. With targeted therapies offering the possibility of overcoming resistance without the need for chemotherapy, the future of cancer treatment looks brighter than ever. For those in the oncology space, keeping a close eye on emerging players like Nuvectis, Silexion, and Scorpion could lead to transformative developments as the field of precision oncology continues to evolve. * * * This update may include speculative forward looking statements. Readers are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, and that actual results may differ materially from those in the forward-looking statements as a result of various factors. the BioTech and Pharma industries are volatile and risky and readers are advised to seek out preffesional advice in the relevent feilds from licensed profesionals. This update is for informational purposes only and is not intended to serve as financial, investment or any form of professional advice, recommendation or endorsement. Please review the full documentation detailing financial compensation disclosures and disclaimers the article is subject to. [ https://justpaste.it/ch2qt/pdf ]. Global Markets News Network is a commercial digital brand compensated to provide coverage of news and developments related to innovative companies as detailed in the full documentation and it is thus subject to conflicts of interest. Contact Details News Coverage ronald@futuremarketsresearch.com

September 19, 2024 07:45 AM Eastern Daylight Time

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Car Garage Expert Offers Reliable Roadside Assistance Services in Dubai

Rev Up Marketers

Car Garage Expert, a leading name in automotive repair and maintenance, is proud to announce its dependable services roadside assistance in Dubai. As a trusted and customer-centric car garage near me in Dubai, Car Garage Expert is committed to providing rapid and reliable services that ensure motorists are never left stranded on the roads. In the fast-paced environment of Dubai, drivers require quick and efficient solutions to sudden car troubles. Whether it's a flat tire, dead battery, engine breakdown, or even lockout situations, Car Garage Expert's well-equipped team is available 24/7 to address any emergency and get drivers back on the road swiftly. Our goal is to offer peace of mind to drivers across Dubai," said Muhammad Fahad Malik, CEO of Car Garage Expert. “We understand how frustrating unexpected breakdowns can be, which is why we’ve designed our roadside assistance services to be fast, reliable, and affordable. Our team is just a phone call away to ensure you’re never stuck for long.” Car Garage Expert’s state-of-the-art facility is also equipped to handle a wide range of repairs and maintenance, ensuring that drivers receive comprehensive automotive care. The garage's skilled technicians have vast experience working with all car models, making Car Garage Expert a top choice for as a trusted and customer-centric garage near me in Dubai. About Car Garage Expert: Car Garage Expert is a reputable automotive repair service provider in Dubai, offering a wide range of services including regular maintenance, engine repairs, transmission servicing, and roadside assistance. With a focus on quality, transparency, and customer satisfaction, the garage has built a solid reputation as a reliable garage near me in Dubai. Contact Details Car Garage Expert Mian Muhammad Fahad cargarageexpertdxb@gmail.com Company Website https://CarGarageExpert.com

September 17, 2024 09:21 AM Eastern Daylight Time

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Flash Transforms Parking at Denver International Airport

Flash

Flash, the leading end-to-end parking technology platform, announced today it has completed an overhaul of public and employee parking at Denver International Airport (DEN) through a contract the City and County of Denver awarded in August 2024. In just 22 days, Flash deployed its platform across the airport’s nine public and employee parking garages and lots, bringing a state-of-the-art parking experience to DEN’s 40,000 employees and the 77.8 million passengers they serve annually. "Flash’s commitment to DEN has been tremendous and we look forward to a bright future that provides innovative solutions to improve the customer experience," said Mark Nagel, Senior Vice President of Parking and Commercial Transportation, Denver International Airport. In its first few weeks of deployment, DEN reports improved traffic flow and reduced wait times for vehicles entering and exiting the airport’s parking facilities. DEN’s deployment of Flash’s platform spans 144 lanes and features 137 kiosks, 97 license plate recognition (LPR) lanes, and 49 automatic vehicle identification (AVI) lanes. With the new AVI lanes, employees can enter and exit automatically in seconds via vehicle-mounted passes that require no interaction with their phones or kiosks. “DEN is the sixth busiest airport in the world and sees millions of parking transactions each year, requiring the highest service level,” said Flash CEO Dan Sharplin. “Our technology breadth and industry-leading scale, plus our maniacal focus on the driver experience, made us confident we could support DEN’s traffic volumes and service levels while getting passengers and employees through parking transactions quickly, and it’s hugely gratifying to see it live.” DEN also benefits from the Flash platform’s design as an enhanced cloud-based parking solution. In the event of an internet, payment processor, network or cloud disruption, the platform maintains continuous operations and critical payment processing capabilities so the airport’s parking facilities stay up and running. About Flash Flash is a pioneering technology company bringing seamless parking and EV charging experiences to drivers through a first-of-its-kind digital ecosystem. Flash’s platform connects reservable parking and charging in the apps drivers use every day with garage, surface lot, event, and valet parking locations—connected and controlled via a cloud-based operating system with unrivaled intelligence. Customer-obsessed brands partner with Flash to deliver digital, easy-to-use, reliable, and increasingly frictionless experiences to drivers eager to pay for a solution that eliminates wasted time, excess emissions, and stress. The solution has arrived.. Visit www.flashparking.com to learn more. Contact Details Ray Young +1 512-694-6097 ray@razorsharppr.com Company Website https://www.flashparking.com/

September 12, 2024 09:00 AM Central Daylight Time

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