May 10, 2022

Nyxoah Reports First Quarter 2022 Financial and Operating Results

REGULATED INFORMATION

Nyxoah Reports First Quarter 2022 Financial and Operating Results

Mont-Saint-Guibert, Belgium – May 10, 2022, 08:50pm CET / 2:50pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH)(“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today reported financial and operating results for the first quarter of 2022.

First Quarter 2022 Financial and Operating Highlights

Generated revenue of €660,000 from the commercialization of Genio® in Europe, primarily in Germany, which represents year-over-year growth of more than three-and-and-half times and is more than double what was achieved in the fourth quarter of 2021
Exited the first quarter with 15 active implant sites in Germany, representing 25% growth over Q4 2021; Nyxoah expects to add an extra 10 sites by the end of the third quarter of 2022, bringing the total to 25 active implanting accounts and driving quarterly sales acceleration and market leadership in Germany by the end of 2022
Completed the first commercial Complete Concentric Collapse (CCC) patients in Germany
Accelerated monthly patient enrollment in the DREAM U.S. IDE study and continue to expect implants to be completed in the second quarter of 2022
The U.S. FDA approved Nyxoah’s request to reduce the sample size in DREAM to 115 patients from the original 134, driven by new and favorable data from the BETTER SLEEP study; aside from the updated sample size, all other study parameters, including performance goals, statistical power, and significance level, remain identical to the original approved study
Nominated Raymond Cohen, Chief Executive Officer and board member of Axonics, Inc. and Virginia Kirby, Executive-in-Residence at the Discovery Launchpad at the University of Minnesota’s Office of Technology Commercialization, for appointment to the Board of Directors, pending approval by the Annual Shareholders’ Meeting on June 8, 2022; Don Deyo and Jan Janssen are stepping down, keeping the total number of board members at eight

“I am extremely pleased with our first quarter results and strong execution that resulted in an acceleration in sales and DREAM implants as we progress towards achieving all of our strategic priorities for 2022 and beyond,” commented Olivier Taelman, Nyxoah’s Chief Executive Officer. “On the commercial side, the €660,000 of revenue we booked in the first quarter was roughly equal to the revenue performance from the previous three quarters combined. We now have 15 active implant sites in Germany, and we will continue to add 10 more sites by the end of the third quarter. This growth validates our patient-centric, ‘Going Deep’ strategy of developing Centers of Excellence as we increase therapy penetration at each of these sites. We were also thrilled to implant our first commercial CCC patients in Germany, and we expect continued acceleration in CCC implants following the positive response to our BETTER SLEEP data presentation at the World Sleep Congress in Rome, where we hosted 55 key opinion leaders during the pre-Congress symposium.”

Mr. Taelman continued, “We are also happy with the acceleration in the pace of implants in our DREAM U.S. pivotal study, given recent weekly implant rates, which have increased meaningfully over the last month. We believe we have enough patients enrolled to complete the study by the end of the second quarter of 2022, particularly in light of the FDA’s approval to reduce the sample size to 115 patients. We also continue our dialogue with FDA regarding our IDE submission for our ACCCESS trial for CCC patients in the U.S., and we expect to implant our first patient before the end of this year.”

“Finally, I am thrilled to announce the nominations of Ray Cohen and Ginny Kirby for appointment to the Board of Directors. They will bring a wealth of knowledge that will benefit Nyxoah as we complete DREAM, prepare for our U.S. launch, and advance our pipeline. I look forward to working closely with both of them,” concluded Mr. Taelman.

First Quarter 2022 Results

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE THREE MONTHS ENDED MARCH 31, 2022 – INTERIM CONSOLIDATED STATEMENTS OF LOSS AND OTHER COMPREHENSIVE LOSS (IN THOUSANDS)

		For the three months ended March 31
	Notes	2022	2021

Revenue		€ 660	€ 185
Cost of goods sold		( 289)	( 52)
Gross profit		€ 371	€ 133
Research and Development Expense		(3 595)	(3 094)
Selling, General and Administrative Expense		(4 193)	(2 366)
Other income/(expense)		136	4
Operating loss for the period		€ (7 281)	€ (5 323)
Financial income		1 576	4
Financial expense		( 788)	( 325)
Loss for the period before taxes		€ (6 493)	€ (5 644)
Income taxes		( 208)	( 25)
Loss for the period		€ (6 701)	€ (5 669)

Loss attributable to equity holders		€ (6 701)	€ (5 669)
Other comprehensive loss
Items that may be subsequently reclassified to profit or loss (net of tax)
Currency translation differences		( 102)	( 70)
Total comprehensive loss for the year, net of tax		€ (6 803)	€ (5 739)
Loss attributable to equity holders		€ (6 803)	€ (5 739)

Basic Loss Per Share (in EUR)		€ (0.260)	€ (0.256)
Diluted Loss Per Share (in EUR)		€ (0.260)	€ (0.256)

The accompanying notes are an integral part of these condensed consolidated interim financial statements

UNAUDITED CONSOLIDATED BALANCESHEET (in thousands)

	As at
	March 31 2022	December 31 2021
ASSETS
Non-current assets
Property, plant and equipment	€ 2 048	€ 2 020
Intangible assets	28 526	25 322
Right of use assets	3 154	3 218
Deferred tax asset	529	46
Other long-term receivables	165	164
	€ 34 422	€ 30 770
Current assets
Inventory	301	346
Trade receivables	619	226
Other receivables	1 607	2 286
Other current assets	1 197	1 693
Financial assets	45 041	−
Cash and cash equivalents	82 787	135 509
	€ 131 552	€ 140 060
Total assets	€ 165 974	€ 170 830

EQUITY AND LIABILITIES
Capital and reserves
Capital	4 432	4 427
Share premium	228 158	228 033
Share based payment reserve	3 788	3 127
Other comprehensive income	100	202
Retained loss	(93 864)	(87 167)
Total equity attributable to shareholders	€ 142 614	€ 148 622

LIABILITIES
Non-current liabilities
Financial debt	7 952	7 802
Lease liability	2 664	2 737
Pension liability	80	80
Provisions	22	12
Deferred tax liability	−	5
	€ 10 718	€ 10 636
Current liabilities
Financial debt	598	554
Lease liability	599	582
Trade payables	3 401	3 995
Current tax liability	3 588	2 808
Other payables	4 456	3 633
	€ 12 642	€ 11 572
Total liabilities	€ 23 360	€ 22 208
Total equity and liabilities	€ 165 974	€ 170 830

UNAUDITED CONDENSED CONSOLIDATED INTERIM FINANCIAL STATEMENTS AS AT AND FOR THE THREE MONTHS ENDED MARCH 31, 2022 – INTERIM CONSOLIDATED STATEMENTS OF CASH FLOWS (IN THOUSANDS)

	For the three months ended March 31
	2022	2021
CASH FLOWS FROM OPERATING ACTIVITIES
Loss before tax for the year	€ (6 493)	€ (5 644)
Adjustments for
Finance income	(1 576)	( 4)
Finance expenses	788	325
Depreciation and impairment of property, plant and equipment and right-of-use assets	255	164
Amortization of intangible assets	208	211
Share-based payment transaction expense	665	−
Increase/(decrease) in provisions	10	−
Other non-cash items	180	3
Cash generated before changes in working capital	€ (5 963)	€ (4 945)
Changes in working capital
Decrease/(Increase) in inventory	45	( 51)
(Increase)/decrease in trade and other receivables	884	(1 195)
Increase/(Decrease) in trade and other payables	( 392)	2 170
Cash generated from changes in operations	€ (5 426)	€ (4 021)
Interests received	−	1
Income tax paid	(65)	(34)
Net cash used in operating activities	€ (5 491)	€ (4 054)
CASH FLOWS FROM INVESTING ACTIVITIES
Purchases of property, plant and equipment	( 128)	( 169)
Capitalization of intangible assets	(3 412)	(1 606)
(Increase)/decrease in financial assets – current	(44 032)	−
Net cash used in investing activities	€ (47 572)	€ (1 775)
CASH FLOWS FROM FINANCING ACTIVITIES
Payment of principal portion of lease liabilities	( 146)	( 135)
Repayment of other loan	( 21)	( 21)
Interests paid	( 109)	( 105)
Proceeds from issuance of shares, net of transaction costs	130	52
Other financial costs	(2)	−
Net cash generated from financing activities	€ ( 148)	€ ( 209)
Movement in cash and cash equivalents	€ (53 211)	€ (6 038)
Effect of exchange rates on cash and cash equivalents	489	( 55)
Cash and cash equivalents at January 1	€ 135 509	€ 92 300
Cash and cash equivalents at March 31	€ 82 787	€ 86 207

Revenue

Revenue was €660,000 for the first quarter ending March 31, 2022, compared to €185,000 for the first quarter ending March 31, 2021. The increase in revenue was attributable to the Company’s commercialization of the Genio® system, primarily in Germany.

Cost of Goods Sold

Cost of goods sold was €289,000 for the three months ending March 31, 2022, representing a gross profit of €371,000, or gross margin of 56.2%.

Research and Development Expenses

Research and Development expenses were €3.6 million for the three months ending March 31, 2022, versus €3.1 million for the prior year period, reflecting the Company’s investments in the development of next generation versions of the Genio® system as well as ongoing clinical studies, most notably DREAM in the U.S.

Selling, General and Administrative Expenses

General and administrative expenses rose to €4.2 million for the first quarter of 2022, up from €2.4 million in the first quarter of 2021. This was due primarily to increased commercial efforts in Germany and other European markets, as well as investments in Nyxoah’s corporate infrastructure. The Company expects to continue adding headcount across the organization ahead of U.S. commercial launch.

Operating Loss

Total operating loss for the first quarter of 2022 was €7.3 million versus €5.3 million in the first quarter of 2021, driven by the acceleration in our R&D spending, as well as ongoing commercial and clinical activities. Nyxoah realized a net loss of €6.7 million for the quarter ended March 31, 2022, compared to a net loss of €5.7 million for the quarter ended March 31, 2021.

Cash Position
As of March 31, 2022, cash and financial assets totaled €127.8 million on March 31, 2022, compared to €135.5 million on December 31, 2021. Total cash burn was approximately €2.6 million per month during the first quarter of 2022. Nyxoah expects monthly cash burn to increase slightly as the year progresses to account for the commencement of the ACCCESS IDE trial in the U.S., and current cash position provides ample liquidity to get to U.S. commercialization in 2024.

First Quarter 2022 Report
Nyxoah’s financial report for the first quarter of 2022, including details of the consolidated results, are available on the investor page of Nyxoah’s website (https://investors.nyxoah.com/financials).

Conference call and webcast presentation
Nyxoah will conduct a conference call open to the public tomorrow, May 10, 2022, at 2:00 p.m. CET / 8:00 a.m. ET, which will also be webcasted. To participate in the conference call, please dial one of the following numbers:

Conference ID: 8444917

USA:                             (844) 260-3718
Belgium:                       0800 73264
International:                (929) 517-0938

A question-and-answer session will follow the presentation of the results. To access the live webcast, go to https://investors.nyxoah.com/events. The archived webcast will be available for replay shortly after the close of the call.

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

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

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

Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2021, to be filed with the Securities and Exchange Commission (“SEC”) on March 24, 2022, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
Loic Moreau, Chief Financial Officer
corporate@nyxoah.com
+32 473 33 19 80

Jeremy Feffer, VP IR and Corporate Communications
jeremy.feffer@nyxoah.com
+1 917 749 1494

Attachment

ENGLISH_Q1 2022 Earnings PR – FINAL

May 10, 2022

LeddarTech Releases Its LeddarSteer Automotive-Grade, Solid-State Digital Beam Steering Technology for LiDAR Sensor Developers

LeddarSteer DBS

LeddarSteer DBS by LeddarTech

QUEBEC, May 10, 2022 (GLOBE NEWSWIRE) — LeddarTech^®, a global leader in providing the most flexible, robust and accurate ADAS and AD sensing technology, is pleased to announce the official release of LeddarSteer™, a digital beam steering solution designed for LiDAR smart sensor developers and Tier 1-2 automotive suppliers.

Digital beam steering refers to changing the direction of laser pulses in a LiDAR. Using a stack of alternating liquid crystal cells and polarization gratings enables to steer light at different angles at a specific wavelength in order to augment a LiDAR field of view while maximizing its performance, allowing digital beam steering for LiDAR to be achieved.

LeddarSteer digital beam steering offers a myriad of benefits to LiDAR smart sensor developers and Tier 1 and 2 customers, including:

Software-controlled on-the-fly adjustment
- Frame-by-frame adjustment
- Preset or customized configuration
- Easy setup and interface
- Voltage-controlled steering
Multiple LiDAR applications
- Compatible with a wide range of LiDAR architectures
- Enables one LiDAR to address multiple use cases
- Field of view adjustable for various actions, including turns, exits, lane changes and slopes
- Same LiDAR for highway and city driving
- Reduces the number of sensors, generating cost savings
Automotive-grade solid-state technology, resulting in a significantly higher MTBF (mean time between failures)

LeddarSteer can be seamlessly integrated into an existing LiDAR to expand the field of view or integrated into new LiDAR development. The solution provides an enhanced signal-to-noise ratio by concentrating laser power on a small region of interest while reducing the size, cost and complexity of LiDAR components whilst maintaining or increasing the pixel count and resolution.

“For well over a decade, LeddarTech has been a leader in developing sensing solutions that enable our customers to deliver high-performance ADAS and AD sensors,” stated Mr. Charles Boulanger, CEO of LeddarTech. “LeddarSteer is the only digital beam steering smart component designed for mass production with the flexibility, reliability, cost, size and performance required by the most demanding 3D sensing applications and supported by standard automotive manufacturing process,” concluded Mr. Boulanger.

About LeddarTech

Founded in 2007, LeddarTech is a comprehensive end-to-end environmental sensing company that enables customers to solve critical sensing, fusion and perception challenges across the entire value chain. LeddarTech provides cost-effective perception solutions scalable from Level 2 ADAS to Level 5 full autonomy with LeddarVision™, a raw-data sensor fusion and perception platform that generates a comprehensive 3D environmental model from a variety of sensor types and configurations. LeddarTech also supports LiDAR manufacturers and Tier 1-2 automotive suppliers with key technology building blocks such as LeddarSteer™ digital beam steering and the LeddarEngine™, which is built on LeddarTech’s Leddar™ technology employing patented signal acquisition and processing techniques to generate a richer and cleaner return signal at a lower cost. The LeddarEngine comprises a highly integrated, scalable LiDAR SoC and software combination that enables LiDAR developers and Tier 1-2 automotive suppliers to design their own LiDAR solutions. The company is responsible for several innovations in cutting-edge automotive and mobility remote-sensing applications, with over 120 patents granted or applied for, enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

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: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator 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/75f154a6-27b8-4546-8614-00d3885feef0

A video accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d

May 10, 2022

LeddarTech lance LeddarSteer, la technologie solid-state d’orientation numérique du faisceau de classe automobile pour les développeurs de capteurs LiDAR

LeddarSteer DBS

LeddarSteer DBS par LeddarTech

QUÉBEC, 10 mai 2022 (GLOBE NEWSWIRE) — LeddarTech^®, chef de file de calibre mondial en technologie de détection précise, robuste et polyvalente pour les systèmes avancés d’aide à la conduite (systèmes ADAS) et de conduite autonome (systèmes AD), est heureuse d’annoncer le lancement officiel de LeddarSteer™, une solution d’orientation numérique du faisceau conçue pour les développeurs de capteurs LiDAR intelligents et les fournisseurs automobiles de rang 1-2.

La technologie d’orientation numérique du faisceau fait référence au changement de direction des impulsions laser dans un LiDAR. L’utilisation d’une superposition de cellules à cristaux liquides alternées et de réseaux de polarisation permet de diriger la lumière à différents angles et à une longueur d’onde spécifique afin d’augmenter le champ de vision d’un LiDAR tout en maximisant sa performance, assurant ainsi l’orientation numérique du faisceau LiDAR.

La solution d’orientation numérique du faisceau LeddarSteer offre un très grand nombre d’avantages aux développeurs de capteurs LiDAR intelligents et aux fournisseurs de rang 1-2, dont :

Ajustements instantanés commandés par logiciel
- Ajustement image par image
- Configuration prédéfinie ou personnalisée
- Mise en œuvre aisée et interface conviviale
- Commande par variation de tension
Multiples applications LiDAR
- Compatible avec une grande variété d’architectures LiDAR
- Permet de couvrir de multiples cas d’utilisation
- Champ de vision réglable pour diverses actions, y compris les tournants, les sorties, les changements de voie et les déclivités
- Même LiDAR pour la conduite sur autoroute ou urbaine
- Réduit le nombre de capteurs, donc les coûts
Technologie solid-state de qualité automobile, pour une fiabilité nettement accrue

Le LeddarSteer peut parfaitement être intégré dans une architecture LiDAR existante afin d’élargir le champ de vision, ou être intégré dans un nouveau système. La solution améliore le rapport signal sur bruit en concentrant la puissance laser sur une région d’intérêt précise, tout en réduisant la taille, le coût et la complexité des composants LiDAR et en conservant une haute résolution.

« Depuis plus d’une décennie, LeddarTech est à l’avant-scène dans le développement de solutions de détection qui permettent à nos clients de fournir des capteurs ADAS et AD à haute performance », a déclaré M. Charles Boulanger, chef de la direction de LeddarTech. « LeddarSteer est le seul composant intelligent d’orientation numérique du faisceau conçu pour la production de masse conforme aux exigences d’agilité, de fiabilité, de coût, de taille et de performance requises par les applications de détection 3D les plus strictes et compatible avec les processus standard de fabrication automobiles », a conclu M. Boulanger.

À propos de LeddarTech

Fondée en 2007, LeddarTech propose des solutions de détection environnementale exhaustives et intégrées qui permettent à ses clients de résoudre des problèmes critiques en matière de détection, de fusion de données et de perception tout au long de la chaîne de valeur. LeddarTech offre des solutions de perception optimisées et évolutives appuyant les niveaux d’autonomie 2 (aide à la conduite) jusqu’à 5 (autonomie complète) avec LeddarVision™, une plateforme de fusion de données brutes de capteurs et de perception qui génère un modèle environnemental 3D détaillé à partir d’une variété de configurations et de types de capteurs. LeddarTech soutient également les fabricants de LiDARs et les fournisseurs automobiles de rang 1 et 2 en proposant des blocs technologiques clés comme l’orientation numérique du faisceau LeddarSteer™ ou le LeddarEngine™, bâti sur la technologie Leddar™ de LeddarTech et qui recourt à des techniques d’acquisition et de traitement de signal brevetées pour générer un signal de retour plus riche et plus net à moindre coût. Le LeddarEngine est une combinaison SoC et logicielle LiDAR évolutive hautement intégrée qui permet aux développeurs de LiDARs et aux fournisseurs automobiles de rang 1-2 de concevoir leurs propres solutions LiDAR. Détentrice de plus de 120 brevets accordés ou en instance, la société a contribué à plusieurs innovations liées à des applications de télédétection de pointe destinées au marché automobile et de la mobilité et qui améliorent les capacités des systèmes d’aide à la conduite et de conduite autonome.

Renseignements complémentaires disponibles sur www.leddartech.com et sur LinkedIn, Twitter, Facebook et YouTube.

Contact :
Daniel Aitken, vice-président, Marketing, communications et relations avec les investisseurs mondiaux, LeddarTech Inc.
Tél. : + 1-418-653-9000 poste 232 daniel.aitken@leddartech.com

Contact relations investisseurs : InvestorRelations@leddartech.com
https://investors.leddartech.com/

Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator et les logos associés sont des marques de commerce ou des marques déposées de LeddarTech Inc. et de ses filiales. Tous les autres noms de marques, noms de produits et marques sont ou peuvent être des marques de commerce ou des marques déposées utilisées pour désigner les produits ou les services de leurs propriétaires respectifs.

Une photo accompagnant ce communiqué de presse est disponible à l’adresse suivante : https://www.globenewswire.com/NewsRoom/AttachmentNg/75f154a6-27b8-4546-8614-00d3885feef0/fr

Une vidéo accompagnant ce communiqué est disponible à : https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d/fr

May 10, 2022

LeddarTech lança tecnologia de direção de feixe digital de estado sólido de grau automotivo LeddarSteer para desenvolvedores de sensores LiDAR

QUEBEC, May 10, 2022 (GLOBE NEWSWIRE) — A LeddarTech^®, líder global no fornecimento da tecnologia de detecção ADAS e AD mais flexível, robusta e precisa, tem o prazer de anunciar o lançamento do LeddarSteer™, uma solução de direção de feixe digital criada para os desenvolvedores de sensores inteligentes LiDAR e fornecedores automotivos Nível 1-2.

A direção do feixe digital refere-se à mudança da direção dos pulsos do laser em um LiDAR. O uso de uma pilha de células de cristal líquido alternadas e grades de polarização permite direcionar a luz em diferentes ângulos em um comprimento de onda específico, a fim de aumentar um campo de visão LiDAR, maximizando seu desempenho, permitindo o alcance da direção de feixe digital para LiDAR.

A direção de feixe digital LeddarSteer oferece uma infinidade de benefícios para os desenvolvedores de sensores inteligentes LiDAR e clientes de Nível 1 e 2, incluindo:

Ajuste instantâneo controlado por software
- Ajuste quadro a quadro
- Configuração predefinida ou personalizada
- Fácil configuração e interface
- Direção controlada por tensão
Várias aplicações LiDAR
- Compatibilidade com uma ampla gama de arquiteturas LiDAR
- Vários casos de uso abordados pelo LiDAR
- Campo de visão ajustável para várias ações, incluindo curvas, saídas, mudanças de faixa e declives
- Mesmo LiDAR para condução em rodovias e cidades
- Redução do número de sensores, permitindo economia de custos
Tecnologia de estado sólido de grau automotivo, resultando em um MTBF significativamente maior (tempo médio entre falhas)

O LeddarSteer pode ser perfeitamente integrado a um LiDAR existente para expandir o campo de visão, ou integrado ao novo desenvolvimento do LiDAR. A solução fornece uma relação sinal-ruído aprimorada, concentrando a potência do laser em uma pequena região de interesse, reduzindo o tamanho, o custo e a complexidade dos componentes LiDAR, mantendo ou aumentando a contagem e resolução de pixels.

“Há mais de 10 anos a LeddarTech tem sido líder no desenvolvimento de soluções de detecção que permitem que nossos clientes entreguem sensores ADAS e AD de alta performance”, disse Charles Boulanger, CEO da LeddarTech. “O LeddarSteer é o único componente inteligente de direção de feixe digital projetado para produção em massa com a flexibilidade, confiabilidade, custo, tamanho e desempenho exigidos pelas aplicações de detecção 3D mais exigentes, e suportado pelo processo de fabricação automotiva padrão”, concluiu o Sr. Boulanger.

Sobre a LeddarTech

Fundada em 2007, a LeddarTech é uma empresa abrangente de sensoriamento ambiental completo, que viabiliza que os clientes resolvam desafios essenciais de sensoriamento, fusão e percepção em toda a cadeia de valor. A LeddarTech fornece soluções de percepção escaláveis econômicas de Nível 2 ADAS ao Nível 5 de plena autonomia com LeddarVision™, uma plataforma de fusão e percepção de sensores de dados brutos que gera um modelo ambiental 3D abrangente a partir de uma variedade de tipos e configurações de sensores. A LeddarTech também dá suporte aos fabricantes LiDAR e aos fornecedores automotivos de Nível 1-2 com os principais blocos de construção de tecnologia, como a direção de feixe digital LeddarSteer™ e LeddarEngine™, que é construído com base na tecnologia Leddar™ da LeddarTech, empregando técnicas patenteadas de aquisição e processamento de sinal para gerar um sinal de retorno mais rico e limpo a um custo menor. O LeddarEngine compreende um LiDAR SoC altamente integrado e escalável e uma combinação de software que permite que os desenvolvedores LiDAR e os fornecedores automotivos de Nível 1-2 projetem suas próprias soluções LiDAR. A empresa é responsável por muitas inovações de aplicações com sensor remoto automotivos e de mobilidade avançadas, com mais de 120 patentes concedidas ou em andamento, aprimoramento de ADAS e capacidade de direção autônoma.

Para mais informação sobre a LeddarTech, visite www.leddartech.com, LinkedIn, Twitter, Facebook e YouTube.

Contato:
Daniel Aitken, Vice-Presidente, Marketing Global, Comunicações e Relacionamento com o Investidor, LeddarTech Inc.
Tel.: + 1-418-653-9000 ramal 232 daniel.aitken@leddartech.com

Contato de Relações com Investidores: InvestorRelations@leddartech.com
https://investors.leddartech.com/

Os logotipos Leddar, LeddarTech, LeddarSteer, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, LeddarEcho, VAYADrive, VayaVision, XLRator e afins são marcas comerciais ou marcas comerciais registradas da LeddarTech Inc. e suas subsidiárias. Todas as outras marcas e nomes de produtos são ou podem ser marcas comerciais ou marcas comerciais registradas usadas para identificar produtos ou serviços de seus respectivos proprietários.

Foto deste comunicado disponível em: https://www.globenewswire.com/NewsRoom/AttachmentNg/75f154a6-27b8-4546-8614-00d3885feef0

Vídeo deste comunicado disponível em: https://www.globenewswire.com/NewsRoom/AttachmentNg/95010106-6e76-4996-ac0a-3c68c7c09d3d

May 10, 2022

Synchronoss to Provide Wholesale Process Automation and Management to Brightspeed

Relationship to Support Brightspeed’s Planned Fiber Deployments Across 20-State Footprint

Multi-Year Agreement Features interconnectNOW and Financial Analytics
to Help Orchestrate Service Requests and Manage Trading Partner Expense

BRIDGEWATER, N.J., May 09, 2022 (GLOBE NEWSWIRE) — Synchronoss Technologies Inc. (“Synchronoss” or the “Company”) (Nasdaq: SNCR), a global leader and innovator in cloud, messaging and digital products and platforms, today announced that it has signed a multi-year agreement with Brightspeed, a provider of broadband and telecommunications services expected to have operations in 20 States. Brightspeed will initially be comprised of the incumbent local exchange carrier (ILEC) assets and associated operations of Lumen Technologies (NYSE: LUMN), which are the subject of a pending acquisition by Apollo-managed funds (NYSE: APO).

Brightspeed will utilize two key modules from the Synchronoss networkX Platform – interconnectNOW (iNOW) and Financial Analytics (FA) – for its planned fiber deployments throughout its multi-state territory across rural and suburban regions of the United States.

Brightspeed previously announced plans to invest more than $2 billion to build a network that will bring faster, more reliable Internet and Wi-Fi to communities throughout the Midwest, Southeast, and certain parts of Pennsylvania and New Jersey. The company’s planned fiber optics transformation is expected to reach up to three million homes and businesses over the next five years, including in many places where fiber and advanced technology have not historically been deployed.

“As Brightspeed continues to build out its fiber optics network, iNOW and Financial Analytics will be integral in managing the company’s wholesale carrier operations,” said Chris Hill, Chief Commercial Officer at Synchronoss. “Automating and orchestrating orders throughout the lifecycle will enable Brightspeed to keep pace with customer requests and realize revenue faster.”

“Our partnership with Synchronoss will provide us access to their state-of-the-art platforms to achieve exceptional efficiencies in managing our wholesale carrier orders and trading partner transactions,” said Chris Creager, Chief Administration Officer of Brightspeed. “From end-to-end, iNOW will enable us to track orders and help us deliver world-class connectivity products and services to the communities we look forward to serving.”

The iNOW platform eliminates manual handling of service orders and manages the full lifecycle between customer and supplier via automation and rules-based validation. It provides a single interface and database for all buyer and supplier orders, making it easy to track orders from receipt to fulfillment, reconciles billing, and provides real-time reporting – shortening time to revenue.

The Financial Analytics platform streamlines the management of complex carrier invoicing via automated workflow and intuitive rules engines for auditing, accounting, validation, and payment of invoices. FA empowers service providers such as Brightspeed with the necessary tools and processes to ensure intercarrier expenses are thoroughly analyzed and confirmed prior to payment.

Leading service providers from around the world utilize Synchronoss and the iNOW platform to manage 39 million orders and transactions annually from 5,000 integrated operators.

About Synchronoss

Synchronoss Technologies (Nasdaq: SNCR) builds software that empowers companies around the world to connect with their subscribers in trusted and meaningful ways. The company’s collection of products helps streamline networks, simplify onboarding, and engage subscribers to unleash new revenue streams, reduce costs and increase speed to market. Hundreds of millions of subscribers trust Synchronoss products to stay in sync with the people, services, and content they love. That’s why more than 1,500 talented Synchronoss employees worldwide strive each day to reimagine a world in sync. Learn more at www.synchronoss.com.

About Brightspeed

Headquartered in Charlotte, N.C. and expected to have assets and associated operations in 20 states, Brightspeed will provide broadband and telecommunications services through a network platform capable of serving more than six million homes and businesses. The company aims to bridge the digital divide by deploying a state-of-the-art fiber network and a customer experience that makes staying connected simple and seamless. Learn more at www.brightspeed.com.

Synchronoss

Media Relations Contact:
Domenick Cilea
Springboard
dcilea@springboardpr.com

Investor Relations Contact:
Matt Glover / Tom Colton
Gateway Group, Inc.
SNCR@gatewayir.com

Brightspeed

Media Relations Contact:
Erik Carlson
Joele Frank, Wilkinson Brimmer Katcher
(212) 355-4449
pr@brightspeed.com

May 10, 2022

Ethiopia’s National Dialogue Vital for Horn: Somali, Eritrean Scholars

Ethiopia’s National Dialogue is of vital importance for the Horn of Africa region, scholars from Somalia and Eritrea said.

Speaking to ENA, Chairperson of Somalia’s Institute for Federalism and Security Analyst, Sonkor Geyre, said Ethiopia’s National Dialogue will play a vital role in the peace and security of the Horn of Africa as Addis Ababa is the most important player in the region.

” We are all observing and following how the national dialogue will go through,” he said, adding that “without Ethiopia being at peace with itself, we cannot have a common vision in the Horn of Africa.”

Since Ethiopia is the leader of the region, the outcome that Addis Ababa will implement out of the recommendations of the National Dialogue will draw the line that the region will follow for the next 100 years, the analyst pointed out.

According to him, the national dialogue in Ethiopia is in a way a common vision for the Horn of Africa.

Geyre believes that the national dialogue will guarantee a new vision not only for Ethiopia but for the Horn of Africa region.

” We in Somalia feel that we are part of the national dialogue,” he said, stressing that “no east African country can be distantly detached from Ethiopia’s political reality.”

A researcher at the Eritrean Center For Strategic Studies and analyst, Fikreyesus Amhazion said what goes on in Ethiopia impacts us all as Ethiopia is a large important historical state.

Because Ethiopia is one of the most important countries not only in the Horn of Africa but all of Africa, the way Ethiopia goes is the way perhaps this region goes too, the Eritrean researcher added.

“No issue in the Horn of Africa within any individual country is restricted in that country. All issues have a spillover effect. Anything that occurs in Ethiopia, Eritrea, Djibouti, and Somalia impacts their neighbor,” the analyst noted.

As a neighbor of Ethiopia, Eritrea wants nothing but peace for its neighbor because what is good for Ethiopia is ultimately good for Eritrea, Fikreyesus said.

“We just hope that the national dialogue brings about the true aspirations and wishes of the people of Ethiopia. We wish all the stakeholders and all groups being represented have their views and perspectives listened to.”

The analyst and researcher expressed his hope that the dialogue would be positive and progressive.

Source: Ethiopia News agency

May 10, 2022

Eye surgery on 246 nationals in Southern region

Commendable eye surgery has been conducted on 250 patients in six sub-zones of the Southern Region, Mr. Yemane Tsegay, head of non-communicable diseases unit in the region stated.

Mr. Yemane stated that the eye surgeries were conducted in the sub-zones of Dubarwa, Mendefera, Areza, Emni-Haili, Adi-Kuala, and Mai-Mine free of charge.

He further noted that strong effort has been conducted in the blindness prevention program throughout the region and that commendable result is being registered and the prevalence of eye diseases such as trachoma and cataract is declining.

Stating that eye diseases common in the region are usually the result of aging and lack of sanitation, Dr. Bisrat Weldegergis, ophthalmologist at the Southern Region Referral Hospital on his part indicated that if treated early most of the diseases are preventable and surgeries successful.

Source: Ministry of Information Eritrea