All Industries

Nano One: Powering the Future with Advanced Battery Materials in 2024

Nano One Materials Corp

Nano One Materials Corp CEO Dan Blondal joined Steve Darling from Proactive to share significant updates regarding the company's progress in the lithium iron phosphate (LFP) market during an interview with Steve Darling from Proactive. Blondal mentioned that Nano One's plan for commercialization is on target and advancing with its partners. The company's One-Pot process is specifically targeting energy storage and electric vehicles (EV's) in North America and globally. He highlighted the strong collaborative work with partners, focusing on NMC (nickel manganese cobalt) and LFP (lithium iron phosphate). Nano One is validating its LFP technology with multiple partners, with the goal of securing off-take agreements. Blondal also emphasized the company's growth into Quebec in 2022, which has accelerated Nano One's path to commercialization ahead of competitors in the LFP market. This strategic move positions Nano One to potentially become a leader in the emerging LFP market, which is projected to grow to tens of billions of dollars over the coming decade. In summary, Nano One Materials Corp is making significant strides in the LFP market, with strong collaborations, validation of its technology, and a strategic presence in Quebec, all contributing to its growth and leadership potential in the industry. Contact Details Proactive USA +1 347-449-0879 na-editorial@proactiveinvestors.com

February 07, 2024 10:04 AM Eastern Standard Time

Video

Oreo Called Out for Backing PFLAG’s Agenda; Supporter of Gender Ideology, Explicit Books in Schools

NLPC

As Oreo prepares to make a splash with its first Super Bowl commercial in 10 years, National Legal and Policy Center today released a 30-second video that delivers stinging criticism of the cookie brand over its longtime partnership with PFLAG. The LGBTQ advocacy group condones gender transition treatments for children as young as three years old, and battles to make sure books with explicit content are allowed in public schools and libraries. You can watch the video here. NLPC owns stock in Oreo’s parent company, Mondelez International, and will sponsor a shareholder proposal at the annual meeting in May. The nonprofit corporate watchdog and shareholder activist initiated its campaign to highlight the cookie-maker’s inappropriate relationship with PFLAG after it noticed the brand’s social media accounts – primarily on X.com (formerly Twitter) – were heavily populated with posts in support of PFLAG’s various narratives, causes and social advocacy. Oreo has promoted various short films, special packaging and fundraisers, utilizing the company’s popularity and resources to advance PFLAG’s agenda. The pro-transgender ideology group lobbies against laws that seek to protect children from indoctrination efforts and so-called “gender affirming” medical treatments before they are mature enough to make such decisions, and also laws that protect kids from so-called “transition care” without their parents’ consent. In October Oreo also co-sponsored PFLAG’s National Convention, where the theme was “ Learning with Love.” The meeting’s first session was titled, “Let Freedom Read! Read with Love to Support Inclusive Books and Education.” PFLAG characterizes its gender ideology indoctrination efforts in schools as a so-called prevention against alleged “censorship.” PFLAG co-sponsors a “banned books” website as part of a coalition that includes the Marxist-led American Library Association. Titles such as “ This Book is Gay,” “ Gender Queer,” “ All Boys Aren’t Blue,” “ Flamer,” and “ Lawn Boy ” are among the stories with explicit content that PFLAG and its allies believe should be easily accessed by kids. “Oreo is a beloved brand with a strong identity and a reputation for connecting with all ages, especially kids, because it’s not only delicious, but fun,” said Paul Chesser, director of NLPC’s Corporate Integrity Project. “Now the cookie’s image-managers are taking it down the same dangerous path that Bud Light, Disney and Target have trodden, which led to extensive brand destruction. We urge Mondelez to terminate Oreo’s controversial relationships before it’s too late.” NLPC’s shareholder proposal asks the Board of Directors “to examine the risks and consequences of the Company’s associations with external organizations, to determine whether they threaten the growth and sustainability of the Company.” “We call upon our fellow shareholders to join us to express concern to the Mondelez board and to Chairman/CEO Dirk van de Put over this treacherous direction in which Oreo has turned,” Chesser added. “If they don’t, perhaps parents and consumers will have something to say about it.” ### For more information or to schedule an interview with Paul Chesser, contact Dan Rene at drene@nlpc.org. Please visit http://www.nlpc.org. Founded in 1991, the National Legal and Policy Center promotes ethics in public life through research, investigation, education and legal action. Contact Details National Legal and Policy Center Dan Rene +1 703-237-1970 drene@nlpc.org Company Website http://www.nlpc.org

February 07, 2024 09:30 AM Eastern Standard Time

News Release

Clean Seed Capital Signs Landmark Agreement with Mahindra and Mahindra Limited

Clean Seed Capital Group Ltd.

February 7th, 2024 – TheNewswire - Vancouver, British Columbia - Clean Seed Capital Group Ltd. (“ Clean Seed ” or the “ Company ”) (TSX-V: CSX) proudly announces the signing of a definitive Technology License and Manufacturing Agreement with Mahindra and Mahindra Limited (“Mahindra”) wherein Mahindra will manufacture and distribute the SMART Seeder Mini-MAX™ in collaboration with Clean Seed. Following the establishment of the Memorandum of Understanding on January 24 th 2023, Clean Seed and Mahindra have engaged in a steadfast and diligent collaborative process to develop and finalize this comprehensive, worldwide, licensing, manufacturing and global supply agreement for the innovative SMART Seeder Mini-MAX™. The primary objective of this strategic alliance transcends mere business transactions; its overarching goal is to significantly influence the agricultural sector, starting with a commitment to India. Together, we aspire to establish economic and environmental performance benchmarks in agriculture by enhancing yields to tackle global food security challenges, reducing input costs, prioritizing water conservation, safeguarding agricultural soils from further degradation, and enhancing key environmental outcomes by eliminating extreme tilling and long entrenched stubble burning practices. Graeme Lempriere – Chief Executive Officer of Clean Seed states “It is with great pride that I announce the successful execution of our definitive agreement with Mahindra and Mahindra. The collaborative efforts with Mahindra and all stakeholders have been genuinely inspiring. The unwavering commitment from both parties to conclude this agreement has charted a course that promises to make a profound impact on the agricultural landscape both in India and globally. We are honored to be part of this transformative journey alongside the esteemed organization that is Mahindra. We extend our heartfelt thanks to all the individuals involved on the ground in India and to our dedicated team at home, who have invested an extraordinary amount of time and effort to bring this agreement to a definitive conclusion." Kairas Vakharia – Senior Vice President and Business Head – Farm Machinery, Mahindra & Mahindra Ltd. said “At Mahindra we are delighted to partner with Clean Seed, a leading seeding and planting technology player in growing our farm machinery portfolio. Jointly developed and tested the SMART Seeder MINI-MAX™ is expected to drive input reduction and sustainable farming. Mahindra’s Farm Equipment Sector (FES) part of the Mahindra Group is the world’s largest tractor company by volume and owns India’s two largest selling tractor brands. With a presence in over 50 countries, Mahindra FES has technology centers in Japan, Turkey, Finland and India, with a wide range of tractors and a growing presence in farm machinery for crops across the value chain. Regards, “ Graeme Lempriere ” Graeme Lempriere Chairman and CEO About Clean Seed Capital Group Ltd. We are a team of innovators and business management professionals with a proven track record of game changing innovation and production of patented agricultural technologies at a high level. We pride ourselves as progress pioneers and facilitators that create solutions to address agricultural problems by developing commercially viable products which improve agricultural outcomes. Clean Seed’s SMART Seeder technologies are revolutionary seeding and planting platforms that utilize the unique synergy of sophisticated electronic metering and intuitive software control putting row-by-row variable rate technology at the forefront of agricultural innovation. Our innovations create a new class of highly accurate seeding equipment designed specifically for today’s farmer scalable to reach all markets. For further information please contact: Graeme Lempriere Chief Executive Officer Email: glempriere@cleanseedcapital.com For general inquiries contact us at info@cleanseedcapital.com. To learn more about Clean Seed visit our website www.cleanseedcapital.com. About Mahindra Group Founded in 1945, the Mahindra Group is one of the largest and most admired multinational federation of companies with 260,000 employees in over 100 countries. It enjoys a leadership position in farm equipment, utility vehicles, information technology and financial services in India and is the world’s largest tractor company by volume. It has a strong presence in renewable energy, agriculture, logistics, hospitality and real estate. The Mahindra Group has a clear focus on leading ESG globally, enabling rural prosperity and enhancing urban living, with a goal to drive positive change in the lives of communities and stakeholders to enable them to Rise. Learn more about Mahindra on www.mahindra.com / Twitter and Facebook: @MahindraRise/ For updates subscribe to https://www.mahindra.com/news-room Mahindra Media Contact Information Arthur Serrao Mahindra & Mahindra Ltd. – Farm Equipment Sector Email – serrao.arthur @mahindra.com Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release. Cautionary Statement Regarding Other Forward-Looking Information This news release includes certain “forward-looking statements” as defined under applicable Canadian securities legislation. All information and statements contained herein that are not clearly historical in nature constitute forward-looking information, and the words “anticipate”, “estimate”, “believe”, “continue”, “could”, “expects”, “intend”, “plans”, "postulates", "predict", “will”, “may” or similar expressions suggesting future conditions or events or the negative of these terms are generally intended to identify forward-looking information. Forward-looking statements are necessarily based upon a number of estimates and assumptions that, while considered reasonable, are subject to known and unknown risks, uncertainties, and other factors which may cause the actual results and future events to differ materially from those expressed or implied by such forward-looking statements. There can be no assurance that such statements will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements, specifically there is no assurance that the parties will be successful in their objectives regarding the manufacture, supply and sale of the SMART Seeder Mini-MAX in India or other countries. Clean Seed disclaims any intention or obligation to update or revise any forward-looking statements, whether as a result of new information, future events or otherwise, except as required by law.

February 07, 2024 09:01 AM Eastern Standard Time

Ridgeline Royalties Announces Appointment of Two Highly Accomplished Mining Industry Veterans with Stefan Wenger Joining as Executive Director and Fahad Tariq as Vice President, Corporate Development

Ridgeline Royalties Inc.

Ridgeline Royalties Incorporated (Ridgeline or the Company) is pleased to announce the appointment of Mr. Stefan Wenger as Executive Director and Mr. Fahad Tariq as Vice President, Corporate Development effective February 7, 2024. Mr. Wenger, former CFO of Royal Gold (NASDAQ: RGLD), will join Ridgeline’s Board of Directors as Executive Director. In addition, Mr. Wenger will serve as a member of the Company’s Investment Committee. In his role as Executive Director, Mr. Wenger will participate in the development of Ridgeline’s growth strategy and act as an advisor to Executive Management on a regular basis. “Stefan’s vast knowledge of the royalty industry, transaction structuring, corporate finance and advice as a current member of Ridgeline’s Advisory Board have been indispensable,” said Jonathan Beigle, President and Chief Executive Officer. “During Stefan’s 15-year tenure at Royal Gold, he was a key member of the executive management team and helped guide the company through a period of rapid growth. I am very excited for Stefan to expand his impact for Ridgeline as we initiate our next phase of growth and become the global leader in providing royalty and stream financing to the battery metals industry.” “I am excited to participate in the future growth of Ridgeline Royalties, and to add my industry expertise to the solid foundation of opportunity that Jonathan has created. On a personal note, I am looking forward to working with Jonathan and Fahad as we build together at Ridgeline” commented Mr. Wenger. Mr. Tariq is a highly accomplished mining industry veteran with over a decade of experience as a publishing sell-side equity research analyst at Credit Suisse and BMO (NYSE: BMO). As a former top-ranked mining analyst, Mr. Tariq’s deep understanding of the royalty and streaming sector and his previous experience covering lithium producers uniquely positions him to lead Ridgeline’s corporate development efforts. As Ridgeline advances its vision to establish itself as the go-to pure-play battery metals streaming and royalty company globally, Mr. Tariq will be responsible for transaction sourcing and evaluations, partnerships with operators, and overall due diligence. “I am thrilled to welcome Fahad to the Ridgeline team as we facilitate the buildout of upstream critical minerals assets that will be required to achieve fulsome EV penetration,” said Jonathan Beigle. “With more than a decade as a sell-side research analyst, Fahad brings a unique skill set and will enhance our ability to evaluate a broad scope of royalty and streaming opportunities. He personifies the qualities we uphold at Ridgeline – integrity, passion and teamwork – and is the ideal fit for the culture we are building. I look forward to partnering with Fahad in building Ridgeline’s platform to facilitate the global energy transition.” “I’m incredibly excited to be joining Jonathan and the talented team at Ridgeline,” said Mr. Tariq. “With Jonathan’s vision and leadership, the support of a world-class Advisory Board, and early success with the James Bay lithium royalty, Ridgeline is uniquely positioned to become the battery metals partner of choice for royalty and stream financing for years to come.” Ridgeline’s two new management appointments will allow the company to more effectively and efficiently pursue attractive royalty and streaming transactions across the lithium, graphite, nickel and cobalt sectors. In January 2023, Ridgeline sourced and closed its inaugural transaction for a royalty on Arcadium Lithium’s (NYSE: ALTM; ASX: LTM; formerly Allkem Ltd.) James Bay lithium spodumene development project in Quebec. Since then, James Bay has received all necessary permits to begin development and increased the resource to over 110 million tonnes. Ridgeline is uniquely positioned to continue building its portfolio and capitalize on the current market for critical metals. Given the global push for decarbonization and electrification over the coming decades, significant project investment and development capital will be required. This exciting reality provides an exceptional opportunity for tenured management teams, such as the one now assembled at Ridgeline, to execute a superior strategy. About Stefan Wenger In addition to his role as Executive Director at Ridgeline Royalties, Stefan Wenger is currently a Co-Founder, Director and Chief Financial Officer and Treasurer of UV-Concepts, Inc., a Colorado-based technology company that has developed innovative solutions for the healthcare industry. Prior to co-founding UV Concepts, Stefan was the Chief Financial Officer and Treasurer of Royal Gold (NASDAQ: RGLD), one of the largest precious metal royalty companies in the world from 2006 to 2018. Prior to becoming CFO, Stefan was the Chief Accounting Officer from 2003 to 2006. During his tenure, Royal Gold grew from a portfolio of 14 royalties to 188 royalties and revenues grew from $15 million to $459M. Stefan began his career as an auditor with Arthur Andersen. Stefan holds a Bachelor of Science degree in Business Administration from Colorado State University, has completed the General Management Program at the Harvard Business School, and is a certified public accountant. About Fahad Tariq Fahad Tariq joins Ridgeline as Vice President, Corporate Development and will be responsible for leading transaction sourcing and evaluations, partnerships with operators, and overall due diligence. Prior to joining Ridgeline, Fahad was Director, Equity Research at Credit Suisse, covering North American large cap precious metals and base metals companies, including royalty and streaming companies Franco-Nevada (NYSE: FNV), Wheaton Precious Metals (NYSE: WPM), Royal Gold (NASDAQ: RGLD), and Triple Flag Precious Metals (NYSE: TFPM) (Credit Suisse acted as lead active bookrunner on the IPO of Triple Flag in 2021). Fahad was ranked the #1 precious metals analyst by Institutional Investor in 2020 and the #3 precious metals analyst in 2021. Fahad is also a frequent speaker at industry conferences including the Denver Gold Forum and PDAC. Prior to Credit Suisse, Fahad worked in equity research at BMO Capital Markets, covering the specialty chemicals sector, including coverage of lithium producers. Fahad holds a Bachelor of Commerce from the University of Toronto, an MBA from the Ivey Business School at Western University and is a Chartered Professional Accountant and Chartered Accountant. About Ridgeline Royalties Inc. Ridgeline Royalties Inc. was founded in 2020 to be the leading source of royalty and stream financing for the energy transition and to enable producers of lithium, cobalt, graphite, nickel, and other critical metals to ensure that the supply of these commodities is sufficient to meet the world's sustainability and energy transition goals. Ridgeline has assembled a world-class Advisory Board of senior leaders from some of the largest mining and royalty companies in the world in order to establish the company as the go-to source for royalty and stream financing in the battery metals sector. Contact Details Ridgeline Royalties Inc. Jonathan Beigle +1 585-749-6456 jbeigle@ridgelineroyalties.com Company Website https://www.ridgelineroyalties.com

February 07, 2024 09:00 AM Eastern Standard Time

Direxion Unveils XXCH: A Bold Move for Traders Seeking 200% Exposure to Emerging Markets, Excluding China.

Direxion

Direxion, a leading provider of tradeable and thematic ETFs, today announced the launch of the Direxion Daily MSCI Emerging Markets ex China Bull 2X Shares (Ticker: XXCH). XXCH seeks to achieve 200% of the daily performance of the MSCI Emerging Markets ex China Index. The MSCI Emerging Markets ex China Index is designed to capture the large- and mid-capitalization securities across 23 of the 24 emerging markets, apart from China. The Index is market cap weighted and covers approximately 85% of the free float-adjusted market capitalization in each of the selected countries. “In 2023, China's equity markets experienced losses, which stood in contrast to the gains in India, South Korea, Taiwan, and other emerging markets," said Direxion Managing Director and Head of Sales and Alternatives, Edward Egilinsky. “Amidst the geopolitical swirl surrounding China, some traders are looking to separate the country’s stocks, while maintaining broader exposure to the emerging market countries. XXCH allows precise short-term exposure, providing a tactical opportunity for traders to independently manage their exposure to China's unique risks.” The global markets landscape is rapidly evolving, presenting new challenges and opportunities. As the emerging markets ex China space continues to show promising growth, Direxion is committed to providing traders with timely vehicles to align with the shifting dynamics of the financial markets. All Direxion leveraged and inverse ETFs are intended only for investors with an in-depth understanding of the risks associated with seeking leveraged investment results, and who plan to actively monitor and manage their positions. There is no guarantee these ETFs will meet their objective. Please visit the Direxion Leveraged and Inverse ETF Education Center, where you will find educational brochures, videos, and a self-paced online course to help you understand if leveraged ETFs are right for you. About Direxion: Direxion equips investors who are driven by conviction with ETF solutions built for purpose and fine-tuned for precision. These solutions are available for a broad spectrum of investors, whether executing short-term tactical trades, or investing in thematic strategies. Direxion’s reputation is founded on developing products that precisely express market perspectives and allow investors to manage their risk exposure. Founded in 1997, the company has approximately $38.1 billion in assets under management as of December 31, 2023. For more information, please visit www.direxion.com. There is no guarantee that the Funds will achieve their investment objectives. For more information on all Direxion Shares ETFs, go to www.direxion.com, or call us at 866.301.9214. Leveraged and Inverse ETFs pursue daily leveraged investment objectives which means they are riskier than alternatives which do not use leverage. They seek daily goals and should not be expected to track the underlying index over periods longer than one day. They are not suitable for all investors and should be utilized only by sophisticated investors who understand leverage risk and who actively manage their investments. An investor should carefully consider a Fund’s investment objective, risks, charges, and expenses before investing. A Fund’s prospectus and summary prospectus contain this and other information about the Direxion Shares. To obtain a prospectus and summary prospectus call 866-476-7523 or visit our website at direxion.com. A Fund’s prospectus and summary prospectus should be read carefully before investing. Direxion Shares Risks - An investment in the Fund involves risk, including the possible loss of principal. The Fund is non-diversified and includes risks associated with the Fund's concentrating its investments in a particular industry, sector, or geographic region which can result in increased volatility. The use of derivatives such as futures contracts and swaps are subject to market risks that may cause their price to fluctuate over time. Risks of the Fund include Effects of Compounding and Market Volatility Risk, Leverage Risk, Market Risk, Counterparty Risk, Rebalancing Risk, Intra-Day Investment Risk, Daily Index Correlation Risk, Other Investment Companies (including ETFs) Risk, Cash Transaction Risk, Tax Risk, and risks specific to Emerging Markets and emerging markets countries. Investing in emerging markets instruments involves greater risk than investing in issuers located or operating in more developed markets. Please see the summary and full prospectuses for a more complete description of these and other risks of the Fund. Distributor: Foreside Fund Services, LLC. Contact Details Ditto Public Relations Danielle Black, SAE direxion@dittopr.co Company Website https://www.direxion.com/

February 07, 2024 09:00 AM Eastern Standard Time

News Release

Ondo Finance Brings Real-World Assets and Yield-Bearing Stablecoin-Alternative, USDY, to Sui

Bitget

Ondo’s Sui upcoming integration will bring native access to new tokenized assets such as treasuries, securities, and stablecoins on chain Sui, the Layer 1 blockchain which has experienced explosive growth since its inception eight months ago, today announced that Ondo Finance is expanding into the Sui ecosystem. The expansion will bring Sui Network’s first native dollar-denominated token (including stablecoins and interest-bearing stablecoin substitutes) in the form of Ondo USD Yield or “USDY” — a US treasury-backed and interest-bearing token issued by Ondo. Ondo’s expansion to Sui adds to Sui’s blistering DeFi momentum, demonstrating the growth and demand for financial applications and native functionality on chain. Sui’s DeFi volume is up more than 1200% since October and Sui recently broke into the top 10 DeFi ecosystems as measured by TVL. Ondo Finance is the third-largest platform bringing tokenized derivatives of real-world assets onto public blockchains with $185M in TVL and over $1B worth of its newly-launched governance token trading in its first week in late January. In addition to stablecoins, Ondo’s flagship Treasury-backed tokens, tokenized securities, and real-world assets will create countless new opportunities for teams building on Sui. Ondo’s expansion into the Sui ecosystem also continues a trend of top projects affirmatively choosing to integrate into Sui. For example, in December 2023, leading Solana lending protocol Solend announced it would launch a lending protocol native to Sui and decentralized derivatives exchange Bluefin likewise shuttered its V1 Arbitrum implementation to focus entirely on Sui. “The people who interact with our platform want fast and efficient transactions, which should be essential for any blockchain project,” said Ondo’s founder and chief executive officer, Nathan Allman. “Sui’s growth and network performance offer clear confirmation that its network is the perfect fit for Ondo’s ecosystem.” Tokenized treasury offerings represent tradable tokens backed by real-world assets, and their presence on Sui is a significant step toward growing DeFi in the ecosystem and across the industry. “Ondo is an amazing addition to the Sui ecosystem, providing a native yield-bearing stablecoin-like asset that will unlock new opportunities for Sui’s builders and developers and essential new functionality for the users of their applications,” said Greg Siourounis, Managing Director of the Sui Foundation. “Sui’s DeFi volume is already growing at a remarkable rate and Ondo’s participation will make that trajectory even stronger. I am excited to see how Sui’s community leverages the real-world assets and innovative financial products Ondo offers.” Contact Details Rachel Cheung media@bitget.com Company Website https://www.bitget.com/

February 07, 2024 09:00 AM Eastern Standard Time

FuelRod Deploys Swappable Charging Program at Miami International Airport

Fuel Rod

FuelRod, a leading provider of portable power solutions, announced today that Miami International (MIA) is the latest airport to deploy their innovative charging service with the installation of ten automated kiosks in select locations throughout the airport. By implementing the FuelRod program, the airport now provides the more than 50 million annual passengers with an environmentally friendly, portable option to power their devices—helping to eliminate “low power anxiety” and creating a more connected and less stressful traveling experience. FuelRod kiosks allow travelers to buy a kit with a fully charged FuelRod and all necessary cables to support any phone or pad. The rods may be recharged by the user or swapped for a fresh, fully charged replacement at any one of the many kiosk locations nationwide so travelers never need to worry about running out of power on the go. MIA is the newest addition to a rapidly growing list of more than fifty U.S. airports that have adopted the patented FuelRod two-way exchange mobile charging program, which includes major hubs such as Hartsfield-Jackson (ATL), John F. Kennedy (JFK), Dallas Fort Worth (DFW), Boston Logan (BOS), and Harry Reid Las Vegas (LAS). “We're thrilled to kick off 2024 with the installation of FuelRod kiosks at Miami International Airport,” said FuelRod COO Joe Yeagley. “This latest expansion to our kiosk network at MIA highlights our commitment to providing travelers with easily accessible and reliable power solutions. We believe that staying charged should be easy and convenient, and our continued focus on expanding our presence in airports reinforces this belief.” It is FuelRod’s hope that their collaboration with airports such as MIA will improve the overall quality of the traveling experience and allow passengers to focus on the matters that are most important to them. About FuelRod FuelRod is a California-based portable power solutions company and developer of the FuelRod kit—the first reusable, portable charging system that allows you to charge your mobile device on the go, and then recharge or swap for a fresh one. With a growing network of kiosks nationwide, FuelRod can keep your devices powered virtually anywhere you go. Learn more at www.fuel-rod.com. Contact Details FuelRod Claudio Frescas +1 423-914-9647 claudio@fuel-rod.com Company Website https://www.fuel-rod.com/

February 07, 2024 09:00 AM Eastern Standard Time

Passage of the Amendment to the Advanced Regenerative Biotech Act a Positive Catalyst for Korean and Japanese Cell Therapy Companies

NKGen Biotech, Inc.

New York, Feb 7, 2024 - (Plato Data) - On Thursday February 2, 2024, the bio industry welcomed the parliament’s passage of a bill that adds regenerative medicine organizations to the list of those considered for human cell management business licenses. The National Assembly passed the “Amendment to the Act on Safety and Support for Advanced Regenerative Medicine and Advanced Biopharmaceuticals” in a plenary session paving the way for certain next generation NK Cell Therapy companies to recognized as a licensed management business. According to a spokesperson at NKMAX, the passage of this amendment will enable the company to utilize its NK cell therapy SNK, as a customized treatment for severe, rare, and incurable diseases, such as cancer and Alzheimer's, in Korea and Japan. NKMAX, which has been developing its NK cell therapy SNK through its U.S. subsidiary, NKGen Biotech (NASDAQ: NKGN). NKMAX has existing GMP facilities enabling it to immediately generate tangible sales of SNK. Another company which stands to benefit is CHA Biotech Co., Ltd. CHA Biotech engages in the research of cell therapy and storage of cord blood. CHA Biotech has previously entered into a collaboration with U.S. immunotherapy biotech company CanCure to develop a natural killer (NK) cell therapy. The anti-MIC antibody targets the MIC (MHC class I polypeptide-related sequence) antigen expressed by cancer cells. MIC refers to a protein that plays an important role in regulating and controlling NK cell killing of cancer cells. GI Cell, located in South Korea and an affiliate of GI Innovation, is also currently working on a next-generation NK cell therapy that maximizes tumor-targeting function and cancer cell-killing efficiency. Recently, GI Cell submitted an application to the Ministry of Food and Drug Safety for phase 1/2a clinical trials to evaluate the safety and efficacy of a combination therapy between GI Cell's allogeneic NK cell therapy, T.O.P. NK and GI-101A, in patients with recurrent and refractory solid tumors. Natural Killer (NK) cell therapies hold significant potential in the field of immunotherapy for treating various diseases, particularly cancer. NK cells are a type of immune cell that plays a crucial role in the innate immune system, recognizing and eliminating infected or abnormal cells without prior sensitization. Some aspects more important aspects of the potential of NK cell therapies include minimal side effects, versatility in targets and Allogeneic Therapies. Source: Plato / Amplifi Contact Details Bryan Feinberg +1 551-574-2169

February 07, 2024 08:57 AM Eastern Standard Time

Image

Thinking Big With Nuvve's Vehicle-To-Grid Solution

Benzinga

By Meg Flippin, Benzinga The vehicle-to-grid (V2G) market is in its infancy and could potentially be poised for growth as the number of electric vehicles on the road multiplies. The cutting-edge and potentially game-changing technology turns EVs into moving storage systems, reducing the cost of ownership and bringing stability to the power grid by aggregating power and creating a virtual power plant. Nuvve Holding Corp. (NASDAQ: NVVE), the cleantech company from San Diego, is a leader in the field, owning rights to key intellectual property to advance the adoption of this potentially transformative technology. It's in growth mode, going after multiple markets that could benefit from its technology. The Electrification Of Buses, Buildings The bus fleet market is one of the markets Nuvve is targeting. In the public sector, there are 480,000 school buses, 225,000 postal vehicles, 170,000 military transports and 160,000 public transit buses in need of electrification. If all of them were powered by Nuvve’s V2G technology, it represents a $3.5 billion to $6.9 billion annual opportunity, according to the company. Then there’s Nuvve’s stationary batteries that serve as power sources and provide a variety of balancing and demand response services to the grid. That market is seeing increased demand as the public and private sectors seek to reduce emissions and lower costs. Pulling it all together is its AI-powered grid management services platform, which gives it recurring revenue and helps it stand out from its rivals. Nuvve’s AI-assisted GIVe software platform enables EV fleet owners to manage many aspects of their vehicles, including optimizing the readiness of their vehicles, monitoring and optimizing the energy used to power their vehicles, providing grid services and managing the health of the battery. In the stationary storage market, the platform enables customers to not only get power but also sell back excess energy to the grid to make or save money. Looking further out, Nuvve sees a lot of potential as EVs become more common on the roadways. Globally, an estimated 550 million EVs will be on the road by 2040, representing more than two-thirds of passenger vehicle sales. If every vehicle used Nuvve’s technology, that would represent a $420 billion to $840 billion annual opportunity, according to the company. It's Not Nuvve’s First Rodeo Nuvve isn’t new to the cleantech game, which the company is hoping gives it an edge. It has more than 25 years of V2G research and development under its belt, 20 MW under management across the world and seven years of continuous V2G commercial operations in Denmark, where the company launched commercial operation in 2016. The company reports that vehicles in Denmark using its technology have been generating about $3,000 in savings per year over seven years, which amounts to about 40% of the total cost of ownership of those vehicles. It's bringing that success to the U.S., recently announcing a deal with Blue Bird Corp. (NASDAQ: BLBD) – a maker of electric and low-emission school buses – to transition a school district in Texas to an all-electric school bus fleet. The company is also growing the number of V2G charging stations at a record-setting rate. In October Nuvve achieved 38 AC and DC bidirectional charging station connections, a record for the company. All were linked to its V2G GIVe software platform, providing charging services to an additional 38 electric school buses (or 1.42 MW of capacity). The new charging stations increase Nuvve’s megawatts under management by 1.4 and bring the total to 22.7 as of the end of October. That’s 30% more than it’s 17.4 megawatts under management at the end of 2022. Revenue Grows In Third Quarter The growth isn’t only showing up in megawatts, it’s also showing in the company’s revenue growth. In the third quarter, Nuvve reported revenue of $2.7 million, up 389.9% year-over-year. The company reduced its cash operating loss to $7.3 million from $7.4 million in the year-ago third quarter. "Through the third quarter of 2023, Nuvve is on pace to increase its revenues by more than 50% this year as orders, sales and deployments of charging stations connected to our GIVe V2G software platform, as well as grid service revenues, have all shown a substantial improvement over 2022 levels,” said Nuvve CEO Gregory Poilasne said when announcing quarterly results. “We believe we are laying the foundation for continued momentum as we go into 2024 and for the inflection in electrification that we feel is inevitable in the back half of this decade.” 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

February 07, 2024 08:50 AM Eastern Standard Time

1 ... 430 431 432 433 434 ... 3755