Impulse Dynamics Announces 9,000th Patient Milestone Achieved With CCM® Therapy for Heart Failure

Momentum Continues as Depth of Clinical Experience Expands Worldwide

MARLTON, N.J., May 15, 2023 (GLOBE NEWSWIRE) — Impulse Dynamics plc, a global medical device company dedicated to improving the lives of people with heart failure (HF), announced today a worldwide milestone achievement with the 9,000th patient receiving the Optimizer® system for the treatment of moderate HF. The Optimizer system is the only device approved by the U.S. Food and Drug Administration (FDA) in the United States to deliver CCM therapy. Dr. Steven Gubin, a cardiologist and the President of Stern Cardiovascular, is part of the care team that completed the procedure at Baptist Memorial Hospital-Memphis, offering CCM therapy to a patient living with the debilitating effects of HF. This milestone highlights the momentum building globally for CCM therapy, using the Optimizer platform to improve quality of life in HF patients.

“I am excited to have a new therapy option for heart failure patients,” said Dr. Gubin, who has been practicing for 30 years. “One of my heart failure patients, Aubretta Bean, who is a cancer survivor, continued to have symptoms despite her compliance with guideline-directed medical therapy for heart failure. She let me know that she felt better almost immediately after receiving the implant and continues to improve daily. It has been extremely rewarding to see such improvement in her quality of life. Her lab work four weeks later showed her BNP (a common test to diagnose heart failure) decreased by 81%, which is consistent with improvement in her heart failure symptoms.”

“Before my CCM implant, I could not walk from one room to the other without gasping for air. It was like being underwater and trying to breathe through a straw,” said Aubretta Bean. “Heart failure changed my life so quickly. You might think housework is a chore, but when you can’t make your bed or do the dishes, you realize how quickly you would love to do that again. Now after my Optimizer implant, I can do all these things! I look forward to planning my days again and not just trying to get through them. I have eight grandkids and two great-grandkids that I can travel to see!”

Drs. Eric Johnson, David Lan, and Chris Ingelmo are all electrophysiologists at Stern Cardiovascular that have treated ten patients at Baptist Memorial Hospital-Memphis with CCM therapy since March 2023. Dr. Chris Ingelmo completed the milestone procedure for the 9,000th patient treated with CCM therapy. The results have been encouraging, with significant improvement in patient symptoms.

“We are inspired by such stories highlighting the potential for clinicians to use CCM therapy to make a positive impact on HF patients’ lives,” said Simos Kedikoglou, MD, CEO of Impulse Dynamics. “The growing cadence of implants and the emergence of such inspiring stories reinforces our commitment to delivering meaningful advances in CCM technology and clinical data.”

CCM therapy is now available in 44 countries, and the technology has continued to advance based on the needs of patients and physicians. The latest generation of Impulse Dynamic’s proprietary Optimizer platform is the Optimizer Smart Mini, which offers a rechargeable battery with 20-year battery life and a smaller size designed to make the implant procedure faster and easier for patients and physicians.

About the Optimizer® and CCM® Therapy

The Optimizer Smart system delivers CCM therapy — the company’s proprietary technology — to the heart. CCM therapy has been designed by Impulse Dynamics to significantly improve the heart’s contraction, allowing more oxygen-rich blood to be pushed out through the body. CCM therapy is indicated to improve the 6-minute hall walk, quality of life, and functional status of NYHA Class III heart failure patients who remain symptomatic despite guideline-directed medical therapy, are not indicated for CRT, and have a left ventricular ejection fraction ranging from 25 to 45 percent.

CCM is the brand name for cardiac contractility modulation — the non-excitatory electrical pulses delivered by the implantable Optimizer device to improve heart contraction. CCM therapy sends unique electrical pulses to the heart cells during the absolute refractory period. In doing so, CCM helps the heart contract more forcibly. Impulse Dynamics has completed numerous clinical studies, including several randomized controlled trials, and CCM therapy has been published in more than 120 peer-reviewed journal articles.

About Impulse Dynamics

Impulse Dynamics is dedicated to advancing the treatment of heart failure for patients and the healthcare providers who care for them. The company pioneered its proprietary CCM therapy, which uses the Optimizer platform to improve quality of life in heart failure patients. CCM therapy is delivered through the Optimizer system, which includes an IPG implanted in a minimally invasive procedure and approved for commercial use in the United States and 44 countries worldwide. CCM therapy has proven safe and effective for heart failure patients with debilitating symptoms who otherwise have few effective options available to them. To learn more, visit www.ImpulseDynamics.com or follow the company on LinkedIn, Twitter, and Facebook.

Forward-looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘anticipate,’’ ‘‘could,’’ ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’ ‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, but are not limited to, statements concerning potential benefits of CCM therapy, the continued momentum for the adoption of CCM therapy and use of the Optimizer Smart system globally; the ability for CCM therapy and our products and technology to fill a significant unmet medical need for patients with heart failure; and the short-term and long-term benefits of the Optimizer system and CCM therapy in patients with heart failure, as well as to the physicians treating those patients. These forward-looking statements are based on management’s current expectations and involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Other important factors that could cause actual results, performance or achievements to differ materially from those contemplated in this press release include, without limitation: the company’s future research and development costs, capital requirements and the company’s needs for additional financing; company’s ability to expand and grow its business into new geographic markets; commercial success and market acceptance of CCM therapy; the company’s ability to achieve and maintain adequate levels of coverage or reimbursement for its Optimizer systems or any future products the company may seek to commercialize; competitive companies and technologies in the industry; the company’s ability to expand its indications and develop and commercialize additional products and enhancements to its current products; the company’s business model and strategic plans for its products, technologies and business, including its implementation thereof; the company’s ability to expand, manage and maintain its direct sales and marketing organization; the company’s ability to commercialize or obtain regulatory approvals for CCM therapy and its products, or the effect of delays in commercializing or obtaining regulatory approvals; FDA or other U.S. or foreign regulatory actions affecting us or the healthcare industry generally, including healthcare reform measures in the United States and international markets; the timing or likelihood of regulatory filings and approvals; and the company’s ability to establish and maintain intellectual property protection for CCM therapy and products or avoid claims of infringement. The company does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein. These forward-looking statements should not be relied upon as representing the company’s views as of any date subsequent to the date of this press release.

Rohan More, Global Vice President of Marketing
Impulse Dynamics
856-642-9933
rmore@impulsedynamics.com

Harriss Currie, Chief Financial Officer
Impulse Dynamics
856-642-9933
hcurrie@impulsedynamics.com

Ian Segal, Public Relations Manager
Impulse Dynamics
856-642-9933
isegal@impulsedynamics.com

GlobeNewswire Distribution ID 8839792

Duck Creek Technologies Recognizes Argyle Insurance and Coforge with its Standard of Excellence Award

The delivery of a record-breaking, full end-to-end small and medium-sized enterprises commercial line in under 60 days for Argyle Insurance was enabled by remarkable teamwork and technology

Boston, May 15, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, is pleased to recognize Argyle Insurance and Coforge as winners of this year’s Duck Creek Standard of Excellence Award. Team members from Argyle Insurance and Coforge received the award during Formation ’23 in Orlando, Florida, which was earned for achieving the highest level of excellence through the implementation of Duck Creek solutions.

Argyle Insurance achieved a successful, sub-60-day go-live of Duck Creek Policy, Duck Creek Billing and Duck Creek Rating. The swift implementation was enabled by the deep domain expertise of Duck Creek’s team, combined with a skilled partner in Coforge being able to resource and support delivery end-to-end. Argyle Insurance selected Duck Creek’s full suite to enable their small and medium-sized enterprises (SME) broker clients more choices and competition through a wider range of insurers and products. Argyle’s story of a scalable, enterprise-grade system, which allowed rapid design and delivery of products into the market, demonstrated the impressive power and flexibility of the Duck Creek platform. The sub-60-day execution was achieved using an innovative Australian SME template built by the Duck Creek APAC regional product development team and made available on our content exchange.

“I am proud to say the unparalleled teamwork between Argyle Insurance, Duck Creek and Coforge enabled us to stand up a full end-to-end product with Duck Creek’s policy, billing and rating solutions in under 60 days,” said Matt Morgan, Co-Founder and Chief Operating Officer at Argyle Insurance. “This capability is critical for both start-ups like Argyle Insurance and incumbents to adjust and adapt to the rapid changes happening across the insurance landscape driven by regulatory changes and customer market dynamics, which can have a big impact on insurer success.”

“As a Premier Delivery Partner for Duck Creek Technologies, with 800+ Duck Creek SME’s globally, Coforge is proud to be a part of Argyle’s record-setting go-live journey. This partnership between Coforge, Argyle and Duck Creek Technologies is an outstanding case of seamless collaboration and has set a new benchmark in the industry,” said Rajeev Batra, EVP, Insurance, Coforge.

“Right from the beginning, to achieve the goal of going live in such an accelerated timeline meant remarkable teamwork was going to be critical,” said Mike Jackowski, Chief Executive Officer, Duck Creek Technologies. “All parties were hyper-focused on Argyle’s success during implementation and committed to helping the startup achieve its goals of partnering with brokers to build products that can capture profitable, large market share in a mature, stable market with the agility the Duck Creek platform provides. We focus on driving better, easier-to-understand insurance products tailored to policyholders’ needs and adaptable to their changing priorities.”

About Argyle Insurance
Argyle Insurance is a true digital underwriting agency with technology to meet customers changing insurance requirements. Argyle’s strength comes through innovation. It has delivered a new way to connect customers to their brokers digitally that comes with a suite of tools to interact in more meaningful ways.

About Coforge
Coforge is a global digital services and solutions provider, that leverages emerging technologies and deep domain expertise to deliver real-world business impact for its clients. A focus on very select industries, a detailed understanding of the underlying processes of those industries and partnerships with leading platforms provides us a distinct perspective. Coforge leads with its product engineering approach and leverages Cloud, Data, Integration and Automation technologies to transform client businesses into intelligent, high growth enterprises. Coforge’s proprietary platforms power critical business processes across its core verticals. The firm has a presence in 21 countries with 25 delivery centers across nine countries.
Learn more at www.coforge.com

About Duck Creek Technologies
Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand. Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
+1 201 962 6091
carley.bunch@duckcreek.com

GlobeNewswire Distribution ID 8839514

[INVNT GROUP]™ achieves record global growth, accelerating history-making brand campaigns, strategic partnerships, and humanitarian work.

New York, NY, May 11, 2023 (GLOBE NEWSWIRE) — [INVNT GROUP] THE GLOBAL BRANDSTORY PROJECT™ and leading agency portfolio of complementary brand storytelling disciplines, continues its explosive growth trajectory and worldwide expansion, reporting a top line revenue of $142 Million in 2022, up over 132% year-over-year (YOY).

Led by Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM, the group represents a growing portfolio of innovative complementary disciplines designed to help forward-thinking brands everywhere, impact the audiences that matter, anywhere.

Operating across 9 offices in 6 countries and counting on over 270 employees globally, the full-service group leads clients including Lamborghini, AWS, PepsiCo, Samsung, General Motors, Spotify, Merck, Meta, Dick’s Sporting Goods, Pfizer, SHRM and Netflix. Attributing its explosive growth to a unique formula of engagement-driven brand campaigns, production of disruptive events and experiences, launch of new vertical business units, strategic partnerships and acquisitions, and pro bono humanitarian initiatives.

Since 2008 [INVNT GROUP] has thoughtfully expanded its global service offerings through the launch of new divisions and initiatives: INVNT.ATOM™ the digital innovation and Web3 agency based in Singapore; Hypnogram™ the boutique OOH-focused creative multimedia studio; INVNT Higher Ed, events designed for colleges and universities; and BZAR™ the group’s proprietary, self-funded, decentralized content led metaverse; established as a marketplace for physical and digital transactions, NFTs, entertainment, social and gaming experiences.

The GROUP also bet big on live, with the newly formed ITP LIVE™, strategically acquiring full-service production companies including: InSync Production Services Inc., Thunder Audio, Morpheus Lights, and Any Venue Video. For over 25 years, these production companies have supported the design and execution of experiential and live entertainment programs for many of the largest corporations, trade associations, sports franchises, governmental agencies (including the White House), and musical artists: Bruce Springsteen, Snoop Dog, Lady Gaga, Lionel Richie, Billy Joel, Diana Ross, Metallica, Post Malone, Tyler Perry and more.

Prior to adding these offerings the group consisted of founding agencies including: modern brand strategy firm Folk Hero™; creative-led culture consultancy, Meaning™; production studio & digital creative agency, HEVĒ™; and the original live brand storytelling agency, INVNT™.

“Our growing global mission and our Group are powered by the future of BrandStory, engagement, and community. Working with many of the most dynamic brands and organizations across a multiverse of industries – each influencing their markets, audiences, the environment, and our collective society. We pride ourselves on being a big, small agency defined by a tapestry of creativity, innovation, diverse perspectives, and disciplines. Above all, we believe in doing great work, and work that does great things,” Scott Cullather, President & CEO of [INVNT GROUP] and CEO of INVNT.ATOM.

Named best-in-class for Marketing on Inc.’s Best in Business list, [INVNT GROUP] has delivered award-winning campaigns for a diverse roster of global brand partners and pro bono humanitarian causes, leading across creative, strategy, design, production, content, and marketing communications, including:

  • Back-to-back Lamborghini Campaigns: Launched the world’s first 1:1 NFT supercar auction attached to the last physical Lamborghini Aventador Ultimae Coupé, in collaboration with Steve Aoki, Krista Kim, and RM Sotheby’s. INVNT.ATOM led the campaign, and HEVĒ designed and produced digital content, along with Hypnogram. This collaboration generated 587 Million social media impressions, with the auction closing at $1.6 Million USD – landing it in the top 10 brand new Lamborghinis ever sold at auction. On the heels of that campaign, INVNT.ATOM launched Lamborghini’s 60th anniversary celebration with ‘The Epic Road Trip’ an 8-month long NFT drop campaign. Collectively, the two campaigns garnered 1.8 Billion global media impressions.
  • Multiple Samsung Launches: In partnership with Cheil Worldwide, INVNT produced a takeover of Times Square (New York) and Piccadilly Square (London), featuring an exclusive world-premiere music video by K-pop group, BTS, followed by a 3-week local, interactive, and experiential popup in each city. The overall experience welcomed over 200,000 visitors across New York and London. Additionally, INVNT delivered Samsung’s Developer Conference (SDC) in San Francisco, and produced the most recent marquee Samsung Galaxy Unpacked event, back as an in-person live event after a 3-year hiatus.
  • General Motors: After producing GM’s CES 2022 Keynote, featuring Chair and CEO, Mary Barra, INVNT led the ‘Factory Zero’ launch, GM’s first all-electric vehicle facility in Detroit. U.S. President Joe Biden toured the facility and delivered a keynote to the press tied to his administration’s sustainability and worker policy plans. GM commemorated the milestone by ringing the NYSE bell directly from the production floor within the facility, alongside local unions, and the GM community.
  • Launching A New Era for Vanderbilt University: INVNT Higher Ed partnered with Vanderbilt University to celebrate its past and share bold visions for its future with a series of strategic engagements throughout 2021, 2022, and 2023. Producing a weekend of ceremonies and celebrations to mark the Investiture of Vanderbilt’s 9th Chancellor, Daniel Diermeier, in 2022, followed by kicking off the university’s 150th anniversary in 2023 with live events and a signature interactive online experience for Vanderbilt’s global community. INVNT produced The Clinton Global Initiative University, hosted by Vanderbilt in March of 2023, and then launched Vanderbilt’s ambitious “Dare to Grow” campaign in April – a $3.2 Billion effort to strengthen the university for the future.
  • Circles.Life ‘Be the Main Character’ Campaign: INVNT broke ground introducing Australia’s first-ever 3D, metaverse, out-of-home billboard merging technology and data; turning influencers and consumers into avatars to deliver messages of connection and humanity.
  • PepsiCo Expo 2020 Dubai: INVNT designed and built three one-of-a-kind, interactive, and educational pavilions at Expo 2020 Dubai. Each pavilion was designed around core Expo themes of Mobility (The Bolt: Gatorade), Sustainability (The Drop: Aquafina), and Opportunity (The Plus: Pepsi Black + Lays). Open for 6 months, welcoming over 24 Million people physically and 50 Million virtually, the brand experience generated 246 Million global media impressions.
  • Captain Morgan x NFL ‘Fan of Year’ Campaign: HEVĒ partnered with Sports Illustrated to celebrate the 2023 Super Bowl LVII, putting Captain Morgan at the center of the NFL universe through a strategic digital content launch featuring former New York Giants wide receiver Victor Cruz. HEVĒ created talent-led hype videos, a web hub, and social content to incentive dedicated fans to submit their own content, which resulted in 32 Fan of the Year (FOTY) winners (one representing each team) – positioning Captain Morgan at the center of the NFL conversation and social matrix. The winners were featured on the Caption Morgan FOTY web hub on SI.com, as a faux SI print cover providing a few dynamic and fun facts on each of the 32 winners. The campaign garnered over 432K Owned Organic Social Impressions, 700 media placements, totaling 4.5 Billion in earned global media impressions.
  • Intimissimi: Folk Hero developed and reimagined the company’s BrandStory, ultimately leading to the launch of INTIMISSIMI’s new global platform and campaign ’The Art of Italian Lingerie’, featuring Heidi Klum and Lena Klum.
  • One Plus: Hypnogram was commissioned by OnePlus to create anamorphic video illusions on 3 different 3D billboards to promote the latest OnePlus flagship mobile device, Ovaltine across Kuala Lumpur, Bangkok, and NYC. Hypnogram strategized to create a viral and shareable experience, something that had never done before with the ‘Naked Eye 3D’ billboard format. The NYC (Times Square) OnePlus billboard garnered over 538K overall impressions.
  • AESPA X Blake Kathryn NFT Collection: Aespa, the globally acclaimed female K-Pop group (and the first group in the metaverse with matching avatars) joined forces with visual and digital artist Blake Kathryn and INVNT.ATOM, to launch an exclusive NFT collection via Sotheby’s. The AEGirls collection marked the world’s first collaboration between a K-pop group and a global NFT artist.

Some of [INVNT GROUP]’s mission-focused Pro Bono work:

  • Championing ‘Freedom for All’ with Dr. Opal Lee the grandmother of Juneteenth – campaigning and delivering over 2 Million signatures to the White House, resulting in the historic federal passing of Juneteenth as a national holiday in the U.S., as well as talent representation with Creative Artists Agency (CAA), a Nobel Peace Prize nomination, and strategic partnerships w/ Adidas, Smithsonian, NBC, Sephora, and more.
  • Alongside United Talent Agency (UTA), [INVNT GROUP] hosted the ‘Ukraine Solidarity to Action’ fundraising event by BlueCheck Ukraine, a humanitarian aid initiative co-founded by actor/director Liev Schreiber and UTA co-founder and CEO of Doctors Without Borders – USA executive director and BlueCheck Ukraine co-founder, Jason Cone. The event raised more than $250,000, with funds going directly towards supporting local Ukrainian NGOs and grassroots organizations providing on-the-ground humanitarian assistance to civilians severely impacted by the war.
  • [INVNT GROUP] partnered with Sunflower Network, a non-profit organization focused on providing direct and essential aid to Ukrainians in need, to present the Sonya exhibition on an online New York City pop-up charity art gallery and fundraising space exhibiting the work of Ukrainian artists and fundraising towards direct aid to Ukraine. The exhibit brought in over $200,000 in fundraising aid.
  • In partnership with the Deep Creek Lions Club, who since 1973 has been providing visually impaired youth with the opportunity to learn to downhill ski through the Blind Skiers Program, [INVNT GROUP] powered a fundraising gala highlighting achievements of program volunteers and participants, recruiting new members, and raising funds to grow the program into the future.
  • The Drum and [INVNT GROUP] hosted the second annual fundraiser of the traditional Scottish celebration raising funds for Brixton Finishing School in support of expanding diversity in our experiential, creative, and events industry for marginalized communities across all identities – raising over £18,500 for the effort.

“[INVNT GROUP]’s growth is a testament to not only our spectacular global team, but also the impact of our clients, partners, and causes. Since founding the GROUP’s original live brand storytelling business INVNT, we’ve helped industry leaders and organizations around the world activate at emerging frontiers of engagement – launching in new markets and connecting them to their most relevant audiences. Our geographic expansion around the world grants us unique operational opportunities to reach and build communities at scale, in more direct and creative ways,” Kristina McCoobery, CEO of INVNT and COO of [INVNT GROUP].

[INVNT GROUP] announced strategic business partnerships with MSM, the global talent and motorsport agency, and Trident3, the Web3 platform onboarding brands into the world of Web3, the metaverse, and NFTs. The partnerships aim to offer best-in-class marketing and commercial solutions across respective industries. HEVĒ, also announced a client partnership with SHRM (Society of Human Resource Management), the largest HR organization in the world, with HEVĒ as agency of record, leading SHRM’s brand messaging, creative design, and digital marketing strategies globally as the Human Resources organization celebrates its 75th Anniversary.

“Our business model is rooted in investment-worthy experiential moments that create brand growth, build community, engagement, and drive revenue. We’re thrilled with [INVNT GROUP]’s trajectory as we continue broadening our business and partnership plans, cultivating the future of the experiential industry globally. Through ongoing strategic organic growth and acquisitions, we continue to provide more juice from the squeeze for our clients, key stakeholders, team members, and shareholders,” Wolf Karbe, CFO of [INVNT GROUP].

ABOUT [INVNT GROUP]

[INVNT GROUP] was established as an evolution of the founding global live brand storytelling agency INVNT in 2008, with a vision to provide consistent, meaningful, well-articulated BrandStory across all platforms. With offices in New York, Sydney, London, Singapore, Dubai, San Francisco, Stockholm, Detroit, and Washington D.C.; headed by President and CEO, Scott Cullather, [INVNT GROUP], THE GLOBAL BRANDSTORY PROJECT represents a growing portfolio of complementary disciplines designed to help forward-thinking organizations everywhere, impact the audiences that matter, anywhere. The GROUP consists of modern brand strategy firm, Folk Hero; creative-led culture consultancy, Meaning; production studio & creative agency, HEVĒ; events for colleges and universities, INVNT Higher Ed; digital innovation division, INVNT.ATOM; creative multimedia experience studio, Hypnogram; and the original live brand storytelling agency, INVNT. For more information visit www.invntgroup.com

Attachment

Jhonathan Mendez de Leon
[INVNT GROUP]
Jmendezdeleon@invnt.com

GlobeNewswire Distribution ID 8837463

Duck Creek Technologies Recognizes Coforge as Formation ’23 Innovation Anywhere Hatch-a-Thon Champion

From 35 entrants, finalists Coforge, Value Momentum, and Xceedance engaged in a “battle of the bots” to demonstrate their innovation potential to the insurance industry

Boston, MA, May 11, 2023 (GLOBE NEWSWIRE) — Duck Creek Technologies, the intelligent solutions provider defining the future of property and casualty (P&C) and general insurance, recognizes Coforge as the winner of the company’s Innovation Anywhere Hatch-a-Thon at Formation ’23. 2023 is the second year the company has opened the Hatch-a-Thon to external ecosystem participants.

Duck Creek’s Innovation Anywhere Hatch-a-Thon encourages the development of new and innovative ideas that advance on-demand, cloud, and software-as-a-service (SaaS) technology solutions to rapidly improve insurance carriers’ core technology systems, as well as unique concepts that address insurance carrier operational pain points. Designed as an innovation marathon, Duck Creek brings together its internal teams and its developer community to upskill, build amazing solutions, and hatch new ideas that will further advance technology for the insurance industry.

The 2023 Hatch-a-Thon call for entries challenged the developer community to keep insurance human, find untapped synergy between insurance operations, and integrate technologies that enhance customer experience to advance the P&C and general insurance industry globally. The Hatch-a-Thon innovation marathon drew 35 entries which were reviewed by Duck Creek’s Innovation Anywhere committee. Entries were judged based on innovation, product impact, business impact, and execution. Three finalists, representing Coforge, Value Momentum, and Xceedance, were chosen to present their ideas on stage for attendees to view and vote for their favorite innovation during Formation ’23.

Formation attendees voted Coforge as the Formation ’23 Innovation Anywhere Hatch-a-Thon champion. This year’s winning team from Coforge produced “document delivery using WhatsApp” to build connections and make it easier for policyholders to communicate directly across the Duck Creek Platform by using a policy number to retrieve documents.

“Duck Creek’s research points to the continued need to advance strategic innovation in tech with a specific focus on the insurance industry, enabling tools and technology that make policyholder connections and experiences better,” said Quinn Easterbrook, Chief Enterprise Architect at Duck Creek. “Duck Creek’s Innovation Anywhere Hatch-a-Thon provides an exciting forum to showcase new thinking in insurance technology and celebrate the contributions to cloud-based SaaS technology by our developer and partner community.”

About Duck Creek Technologies

Duck Creek Technologies is the intelligent solutions provider defining the future of the property and casualty (P&C) and general insurance industry. We are the platform upon which modern insurance systems are built, enabling the industry to capitalize on the power of the cloud to run agile, intelligent, and evergreen operations. Authenticity, purpose, and transparency are core to Duck Creek, and we believe insurance should be there for individuals and businesses when, where, and how they need it most. Our market-leading solutions are available on a standalone basis or as a full suite, and all are available via Duck Creek OnDemand.

Visit www.duckcreek.com to learn more. Follow Duck Creek on our social channels for the latest information – LinkedIn and Twitter.

Carley Bunch
Duck Creek Technologies
carley.bunch@duckcreek.com

Drake Manning
Duck Creek Technologies
drake.manning@duckcreek.com

GlobeNewswire Distribution ID 8836416

Quantexa Provides ING with Solution to Strengthen and Automate Global Risk Coverage

ING is utilizing Quantexa’s Decision Intelligence Platform to gain a 360-degree view of customer data, identify risk, and continue advancing their world-class customer experiences

LONDON, May 10, 2023 (GLOBE NEWSWIRE) — Today Quantexa, a global leader in Decision Intelligence (DI) solutions for the public and private sectors, announced that ING is deploying Quantexa’s platform to strengthen its risk detection and investigative efforts. Being a global bank serving 37 million customers, corporate clients, and financial institutions in 40 countries, ING is determined to protect its customers and fight financial crime.

Using AI and advanced graph analytics capabilities provided by Quantexa’s platform, ING’s investigative teams are focused on developing more effective and efficient global Know Your Customer (KYC) and Anti-Money Laundering (AML) measures. By connecting customers and counterparties, the platform creates context and uncovers complex networks. This further automates the first line defence processes.

ING selected Quantexa’s platform for its ability to aid in the analyzation of internal transaction data and to incorporate external data, to complete a 360-degree view of customer base risk. Early 2023 ING and Quantexa completed a successful first implementation for Trade Finance in Hong Kong and Singapore.

ING and Quantexa are now working on a global rollout with expanded efforts in Financial Markets and Correspondent Banking.

Dan Higgins, Chief Product Officer, Quantexa
“The most effective method to prevent money laundering is by understanding the context underpinning and linking how criminals behave. We are excited to build on our successful track-record of innovation with ING and support them in their mission to improve risk coverage throughout significant global practice areas and their continued effort to be a leader in identifying and combating criminal threats in the banking industry.”

Karim Tadjer, Global KYC lead, ING Group
“At ING, we are committed to the fight against money laundering, economic crime, and continually innovating to ensure the safety and compliance of the bank. We are thrilled to have found a partner with compatible ambitions in Quantexa. By leveraging the contextual insights generated through their platform, we can strengthen our detection models and automate key processes in our KYC and AML measures. This is leading to efficiencies for our investigative teams and improved customer experiences.”

About Quantexa

Quantexa is a global data and analytics software company pioneering Decision Intelligence that empowers organizations to make trusted operational decisions by making data meaningful. Using the latest advancements in big data and AI, Quantexa’s Decision Intelligence platform uncovers hidden risk and new opportunities by providing a contextual, connected view of internal and external data in a single place. It solves major challenges across data management, KYC, customer intelligence, financial crime, risk, fraud, and security, throughout the customer lifecycle.

The Quantexa Decision Intelligence Platform enhances operational performance with over 90% more accuracy and sixty times faster analytical model resolution than traditional approaches. Founded in 2016, Quantexa now has more than six hundred employees and thousands of users working with billions of transactions and data points across the world. The company has offices in London, New York, Boston, Toronto, Malaga, Brussels, Amsterdam, Luxemburg, Singapore, Melbourne, Sydney, and the UAE. For more information, please visit www.quantexa.com or follow us on LinkedIn.

Media Enquiries 
C: Stephanie Crisp, Associate Director and Media Strategist, Fight or Flight
E: Quantexa@fightflight.co.uk

C: Adam Jaffe, SVP of Corporate Marketing
T: +1 609 502 6889
E: adamjaffe@quantexa.com
– or –
RapidResponse@quantexa.com

GlobeNewswire Distribution ID 1000809187

‫Recursion توقّع اتفاقيات استحواذ على Cyclica وValence بهدف تعزيز قدراتها في الكيمياء والذكاء الاصطناعي الإنشائي

سالت ليك سيتي وتورونتو ومونتريال، 10 مايو 2023 (GLOBE NEWSWIRE)‏ — شركة Recursion (بورصة ناسداك: RXRX)، رائدة التقنيات الحيوية السريرية المُستخدمة في تطوير صناعة اكتشاف الأدوية بالاستعانة بتحليل الشفرات الحيوية، أعلنت اليوم توقيعها اتفاقيات للاستحواذ على شركتين تعملان في مجال اكتشاف الأدوية المُدعم بالذكاء الاصطناعي هما: Cyclica و Valence.

قال كريس جيبسون، المؤسس المشارك والرئيس التنفيذي لـ Recursion، والحاصل على درجة الدكتوراه “كان لـ Recursion دورًا رائدًا في الإنشاء الهائل والمتوازي لبيانات دراسات العلوم الحيوية باستخدام التعلم الآلي، وذلك من أجل رسم خرائط لعلم الأحياء وتسهيل الاطلاع فيه، بهدف تسريع اكتشاف الأدوية الجديدة. ويمكننا تقديم ما أعتقد أنه الحل الأكثر شمولًا لاكتشاف الأدوية المُدعم بالتكنولوجيا في قطاع الأدوية الحيوية، وذلك بفضل الاستحواذ الإستراتيجي على Cyclica وValence وما تضيفانه من قدرات رائدة في القطاع في مجالات الكيمياء الرقمية والتعلم الآلي والذكاء الاصطناعي، إضافة إلى ما نزخر به من المختبرات التجريبية الآلية واسعة النطاق وقدرات الحوسبة الفائقة. نتطلع إلى أن نظهر للعالم الأدلة على الفوائد المضاعفة لهذا النهج المتكامل بتسريع عمليات الإنتاج والشراكات لدينا. وفي خضم التنافس العالمي المتسارع لجذب البارعين في ميدان التكنولوجيا، يرسخ الاستحواذ مكانة Recursion بوصفها مركز ثقل لأفضل الكوادر وألمعها في مجالي التعلم الآلي والذكاء الاصطناعي الذين يرغبون في وضع تصور جديد لطرق اكتشاف الأدوية. تغمرني الحماسة للترحيب بفرق Cyclica وValence في Recursion، لا سيما في هذه اللحظة التاريخية الفارقة بما تشهده من متغيرات سريعة في القطاعات كافة بفضل التعلم الآلي والذكاء الاصطناعي”.

قدمت شركة Cyclica، التي يقع مقرها الرئيسي في تورنتو، منتجَين متميزين للغاية في مجال الكيمياء الرقمية سيُدمجان في RecursionOS يتنبأ محرك التعلم العميق المدعوم بالذكاء الاصطناعي MatchMaker™‎ بعلم الأدوية المتعدد للجزيئات الصغيرة كنقطة انطلاق لاكتشاف الأدوية الجزيئية الصغيرة، حيث يمكنه التعميم عبر البروتيوم، كما أنه يستخدم بنيات AlphaFold2 ونماذج التماثل. POEM™‎ (نموذج باريتو للتضمين الأمثل) نموذج فريد للتنبؤ بالخصائص بناءً على أوجه التشابه. وعلى عكس نماذج التنبؤ الأخرى، يصف نموذج POEM الجزيئات باستخدام أنواع متعددة من بصمات الأصابع الجزيئية، مما يوفر مقياسًا أكثر تنوعًا للتشابه ويعزز مستوى الدقة.

قال نهيد كورجي، الرئيس التنفيذي والمؤسس المشارك لـ Cyclica: “إن كلًا من Cyclica وRecursion متفقتان على أهمية تطوير صناعة اكتشاف الأدوية” وأضاف: “سيتم إنشاء واحدة من أكبر مجموعات البيانات الحيوية والكيميائية الملائمة للغرض في مجال اكتشاف الأدوية من خلال الجمع بين تنبؤنا على مستوى البروتيوم للتفاعلات المستهدفة للجزيئات الصغيرة وعالم بيانات Recursion. وأعتقد أنه بهذا التعاون سيكون لـ Recursion تأثير أكبر على صحة الإنسان على مدى السنوات القادمة”.

يقع المقر الرئيسي لشركة Valence في مونتريال في Mila، وهو أكبر معهد لأبحاث التعلم العميق في العالم. وتكرس الشركة جهودها لإطلاق العنان للإمكانات الكاملة للتعلم العميق في عملية اكتشاف الأدوية. أدت الشركة دورًا رائدًا في تطبيق التعلم القائم على البيانات الضئيلة في تصميم الأدوية، فضلًا عن إطلاق العنان لإمكانات تصميم جزيئات صغيرة متمايزة بخصائص ووظائف محسّنة من مجموعات البيانات المتفرقة أو غير متجانسة أو الضئيلة للغاية لطرق التعلم العميق التقليدية. وتتمتع Valence بسجل حافل من الابتكارات في مجال التعلم الآلي الجزيئي، من بينها أفضل التقنيات في فئتها للأحياء الهيكلية المُدعمة بالذكاء الاصطناعي، والكيمياء التوليدية، والتحسين متعدد المعامِلات، الأمر الذي مكَّن في نهاية المطاف من تصميم كيمياء هي الأفضل أو الأولى في فئتها في مقابل الأحياء الصعبة.

صرح دانيال كوهين، الرئيس التنفيذي والمؤسس المشارك لـ Valence Discovery: “دمج محرك الكيمياء الفعال القائم على الذكاء الاصطناعي لدى Valence في نظام التشغيل المتنوع الغني بالبيانات لدى Recursion سيساعد في إطلاق عنان الإمكانات القصوى للكيمياء الرقمية واكتشاف الأدوية اللذين يأتي الذكاء الاصطناعي في أولويتهما”. وأضاف: “شركة Recursion رائدة في مجال اكتشاف الأدوية المُدعم بالتكنولوجيا، ولديها سجل حافل من تسخير البيانات لاكتشاف آفاق حيوية جديدة، ويسعدني أن تتحد فرقنا وتجمع قواها من أجل ابتكار أدوية جديدة بسرعة للمرضى الذين يحتاجون إليها”.

وبالتعاون مع مكتب أبحاث التعلم العميق التابع لـ Recursion في مونتريال، ستصبح Valence مركزًا لأبحاث الذكاء الاصطناعي والتعلم الآلي تحت قيادة دانيال كوهين وبتوجيهات يوشوا بنجيو المستمرة.

قال يوشوا بنجيو، رائد مجال التعلم العميق والمستشار العلمي لكل من Recursion وValence: “الاستحواذ على Valence يتيح الفرصة لـ Recursion لإنشاء مركز امتياز حقيقي لبعض من أبحاث الذكاء الاصطناعي/التعلم الآلي الأكثر إقناعًا في العالم”. وأضاف: “بالتعاون مع هذه المجموعة المتكاملة حديثًا والموجودة بمنظومة Mila، سيصل فريق Recursion من الباحثين في مجالي الذكاء الاصطناعي والتعلم الآلي في وقت حاسم إلى مستوى مهم في تطوير خوارزميات ذكاء اصطناعي جديدة للاكتشاف العلمي”.

شروط الاستحواذ

وقعت شركة Recursion اتفاقيات للاستحواذ على كل من شركة Cyclica مقابل سعر شراء قدره 40 مليون دولار وشركة Valence مقابل سعر شراء قدره 47.5 مليون دولار، وذلك رهنًا في كل حالة بالتعديلات العادية التي تطرأ على سعر الشراء عند الإغلاق وما بعد الإغلاق. سيتم دفع سعر الشراء في عمليتي الاستحواذ في شكل أسهم عادية من الفئة A العائدة لشركة Recursion، وأسهم شركة تابعة لشركة Recursion قابلة للاستبدال بأسهم عادية من الفئة A عائدة لشركة Recursion، مع افتراض بعض الخيارات المعلقة لشركتي Valence وCyclica. وقد تدفع Recursion في بعض الظروف المحدودة مقابلًا نقديًا رمزيًا لمساهمي Valence وCyclica بدلاً من الأسهم العادية القابلة الاستبدال أو الأسهم العادية من فئة A العائدة لشركة Recursion. لا تتوقع Recursion أي تغيير جوهري في المدرج النقدي لديها نتيجة لعمليتي الاستحواذ هذه، وتتوقع أن يتم الانتهاء من عمليتي الاستحواذ في الربع الثاني من عام 2023، رهنًا بشروط الإغلاق المعمول بها.

نبذة عن Recursion
Recursionشركة رائدة في مجال التكنولوجيا الحيوية في المرحلة السريرية تعمل على تصنيع عملية اكتشاف الأدوية عن طريق تحليل الشفرات الحيوية. يدعم نظام Recursion OS الشركة في تحقيق أهدافها، وهو عبارة عن منصة تم إنشاؤها باستخدام مجموعة متنوعة من التقنيات التي تعمل باستمرار على توسيع نطاق واحدة من أكبر مجموعات البيانات الحيوية والكيميائية المسجلة الملكية في العالم. تستخدم Recursion خوارزميات التعلم الآلي المعقدة لاستخلاص مجموعة من تريليونات العلاقات القابلة للبحث في مجالي الأحياء والكيمياء التي لا تتقيد بالتحيز البشري من مجموعة بياناتها. تجمع Recursion مجالات التكنولوجيا والأحياء والكيمياء بهدف النهوض بمستقبل الطب، وذلك بفضل التحكم في نطاق تجريبي ضخم — يصل إلى الملايين من التجارب المعملية أسبوعيًا — ومقياس حوسبي هائل — بامتلاك أحد أقوى أجهزة الحاسوب الفائقة في العالم وتشغيله.

يقع المقر الرئيسي لشركة Recursion في سالت ليك سيتي، وهي هناك عضو مؤسس في BioHive، وهي جمعية تعمل في مجال علوم الحياة في ولاية يوتا. بالإضافة إلى ذلك، تمتلك Recursion مكاتب في تورنتو ومونتريال ومنطقة خليج سان فرانسيسكو. تعرف على المزيد عبر الموقع الإلكتروني www.Recursion.com، أو تواصل على Twitter و LinkedIn.

نبذة عن Cyclica
Cyclica شركة ناشئة في مجال التكنولوجيا الحيوية تسعى سعيًا جادًا إلى إنشاء محفظة أعمال رائدة وقوية ومستدامة لاكتشاف الأدوية تركز على الجهاز العصبي المركزي وعلم الأورام وأمراض المناعة الذاتية. أنشأت Cyclica المنصة الوحيدة القابلة للتعميم عبر البروتيوم بكامله، ما وسّع النطاق المستهدف للأهداف ضئيلة البيانات، بما في ذلك بنيات AlphaFold2، ومثبطات مضخة البروتون (PPI)، والأهداف الخاصة بالأورام المتحولة. جمعت Cyclica فريقًا متنوعًا وماهرًا من علماء الأحياء والكيميائيين وأخصائيي الحاسوب والمتخصصين في مجال الأعمال الذين لديهم جميعًا شغف بتغيير نموذج اكتشاف الأدوية. وتهدف Cyclica إلى إحداث تأثير غير مسبوق على صحة المريض باستكشاف الأشياء المجهولة وعلاج ما يتعذر علاجه. لمزيد من المعلومات، يرجى زيارة الموقع الإلكتروني: www.cyclicarx.com.

نبذة عن Valence Discovery
تستفيد Valence من التطور الثوري في مجال الحوسبة في سبيل تحسين الرعاية الصحية. وهي شركة رائدة في تطوير تقنيات الذكاء الاصطناعي والتقنيات القائمة على الفيزياء واستخدامها لتتمكن من تصميم جزيئات صغيرة متمايزة بخصائص ووظائف محسّنة. وبفضل الشراكات الناجحة التي عقدتها الشركة مع شركات رائدة في مجال التكنولوجيا الحيوية والأدوية، فضلًا عن سجلها الحافل من الابتكارات التي لا مثيل لها في المجلات والمؤتمرات الكبرى للذكاء الاصطناعي، جمعت Valence فريقًا من المحترفين متعددي التخصصات في القطاع والخبراء الحاسوبيين الذين ينصب تركيزهم على تسريع التقدم في مجموعة من برامج اكتشاف الأدوية الداخلية. تحظى شركة Valence بدعم مستثمرين بارزين في مجال التكنولوجيا الحيوية والتكنولوجيا العميقة منذ الإعلان عن إطلاقها في 2021، ويقع مقرها الرئيسي في مونتريال. لمعرفة المزيد، يرجى زيارة الموقع الإلكتروني www.valencediscovery.com.

مسؤول التواصل الإعلامي

Media@Recursion.com

جهة الاتصال للمستثمرين
Investor@Recursion.com

البيانات التطلعية

تحتوي هذه الوثيقة على معلومات تتضمن أو تستند إلى “بيانات تطلعية” بالمعنى المقصود في قانون إصلاح التقاضي للأوراق المالية لعام 1995، ويشمل على سبيل المثال لا الحصر، البيانات المتعلقة بتوقيت عمليتي الاستحواذ على Cyclica وValence واستكمالهما والنتائج والفوائد المرجوة منهما؛ ونظام Recursion OS وغيره من التقنيات؛ والأعمال والخطط المالية والأداء، بما في ذلك المدرج النقدي؛ وجميع البيانات الأخرى التي لا تمثل حقائق تاريخية. قد تتضمن البيانات التطلعية أو لا تتضمن كلمات يمكن التعرف هذه البيانات من خلالها مثل “تخطط” و”سوف” و”تتوقع” و”تقدر” و”تنوي” و”ترى” و”محتملة” و”ممكنة” و”تستمر” وغيرها من العبارات المماثلة. تخضع هذه البيانات لمخاطر وشكوك معروفة أو مجهولة قد تؤدي إلى اختلاف النتائج الفعلية اختلافًا كبيرًا عمّا هو معبّر عنه أو متضمّن في هذه البيانات، بما في ذلك على سبيل المثال لا الحصر: التحديات المتأصلة في البحث والتطوير في مجال الأدوية، بما يشمل توقيت البرامج قبل السريرية والسريرية ونتائجها، والتي تزيد فيها احتمالية الفشل وإمكانية أن يحدث الفشل في أي مرحلة قبل الحصول على الموافقة التنظيمية أو بعدها بسبب الافتقار إلى الفاعلية الكافية أو اعتبارات السلامة أو غيرها من العوامل؛ وقدرتنا على الاستفادة من منصة اكتشاف الأدوية لدينا وتحسينها؛ وقدرتنا على الحصول على تمويل لأنشطة التطوير وغيرها من الأهداف المؤسسية؛ ونجاح أنشطة التعاون لدينا؛ وقدرتنا على الحصول على موافقة الجهات التنظيمية على الأدوية المرشحة وتسويقها في نهاية المطاف؛ وقدرتنا على الحصول على أوجه حماية الملكية الفكرية والحفاظ عليها وإنفاذها؛ والهجمات الإلكترونية أو غيرها من الاضطرابات الأخرى في أنظمتنا التكنولوجية؛ وقدرتنا على استقطاب الموظفين الرئيسيين وتحفيزهم واستبقاءهم وإدارة توسعنا؛ والتضخم وغيره من المسائل المرتبطة بالاقتصاد الكلي؛ إلى غير ذلك من المخاطر والشكوك مثل تلك الموضحة تحت عنوان “عوامل المخاطر” في ملفاتنا المودعة لدى لجنة الأوراق المالية والبورصات الأمريكية، بما في ذلك تقريرنا السنوي بشأن النموذج 10-K. وتستند جميع البيانات التطلعية إلى التقديرات والتنبؤات والافتراضات الحالية للإدارة، ولا تتعهد Recursion بتصحيح أو تحديث أي من هذه البيانات، سواء كان ذلك نتيجة لمعلومات جديدة أو تطورات مستقبلية أو غير ذلك، إلا بالقدر الذي يقتضيه القانون المعمول به.

GlobeNewswire Distribution ID 3553080

LeddarTech Showcasing LeddarVision, Its Award-Winning Sensor Fusion and Perception Software and Products at EcoMotion 2023 on May 22-24 in Tel Aviv, Israel

QUEBEC, May 10, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides innovative low-level sensor fusion and perception ADAS and AD software technology that is scalable and flexible while delivering high performance, today announces its participation as a Silver Sponsor at EcoMotion Week 2023 in Tel Aviv, Israel.

The company, led by its Israeli-based technical experts, will demonstrate its award-winning technology at its booth and offer delegates the opportunity to experience it live on the road in their LeddarCar. In addition, LeddarTech’s CTO will chair a panel at the event.

Visit LeddarTech’s technology showcase featuring LeddarVision™, a high-performance, low-cost, scalable, hardware-agnostic low-level sensor fusion and perception solution for automotive and off-road industrial ADAS and AD applications. Witness the software’s high performance at various levels of autonomy in various scenarios, such as extreme weather conditions, via their award-winning demonstration dashboard.

Discover

LeddarVision Front-View (LVF) family of automotive software products addresses the challenges faced when developing Level 2/2+ ADAS applications, such as solving safety issues and finding scalable fusion and perception software that offers high performance at a low cost. These two distinct products are comprehensive low-level fusion and perception software stacks that optimally combine sensor modalities for Level 2/2+ ADAS applications achieving a 5-star NCAP 2025/GSR 2022 rating.

  • LeddarVision Front (Entry-Level) (LVF-E): This product pushes the performance envelope, potentially doubling the effective range of the sensors and enabling a solution operable with only three sensors.
  • LeddarVision Front (High-End) (LVF-H): With sensor configuration extended to 1V5R based on a single 3-megapixel 120-degree camera and five radars, the LVF-H stack extends the perception support to highway assist applications, including 160 km/h adaptive cruise control, 200-meter range and semi-automated lane change.

LeddarVision Surround (LVS-2+) efficiently extends the LVF front-view product family 1VxR sensor configuration to a 5V5R configuration, enhancing support to traffic jam assist (TJA) and highway assist (HWA) applications. It also enables applications such as automated lane change, overtaking and extended speed range adaptive cruise control (ACC).

Ride along: LeddarCar live – Delegates representing automotive Tier 1-2 suppliers and OEMs are invited to reserve an on-road demonstration of LeddarTech’s LeddarVision low-level fusion and perception software technology.

Participate: LeddarTech’s CTO Pierre Olivier will chair a panel entitled “Autonomous Vehicle 360: Use Cases.”

Pre-arrange a meeting for a product demonstration or to experience LeddarCar live.

About EcoMotion

EcoMotion is a dynamic and growing smart mobility community comprising over 650 start-ups and 15,000 community members. EcoMotion is a joint venture of the Israel Innovation Institute (NGO) alongside Israel’s Ministry of Transport and Road Safety and the Ministry of Economy and Industry.

About LeddarTech

LeddarTech, a global software company founded in 2007, develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

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

Additional information about LeddarTech is accessible at www.leddartech.com and 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 and website: InvestorRelations@leddartech.com
https://investors.leddartech.com/

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

GlobeNewswire Distribution ID 8835234