Targeted Strategies for Today's Evolving Markets

MissionIR Blog

Check out some of our latest original content that was created and distributed as part of our ongoing collaborations with IR firms and other companies.

Domestic Violence Case Highlights Importance of SuperCom Ltd. (NASDAQ: SPCB) GPS-enabled Electronic Monitoring Technology

Posted on October 24, 2024 by MissionIR
  • Israel-based SuperCom is promoting public safety founded on the strength of its superior electronic monitoring (“EM”) technology platform
  • SuperCom’s PureSecurity platform uses GPS to track the movements of individuals monitored by law enforcement on pretrial and probationary release from jail custody, including a 3-D elevation blueprint that is useful to apartment dwellers and office workers
  • The importance of GPS-enabled tracking was highlighted in a recent New York State domestic violence case that reportedly led to a woman’s death when her accused attacker was freed from GPS monitoring
  • The PureSecurity platform not only alerts supervising law enforcement about an EM-monitored individuals’ movements, but also provides alerts via cell phone to potential victims to help them seek safety in a timely manner

Behind the crime statistics related to domestic violence, and efforts to provide a supportive society to its victims, are personal stories of fear and loss, as exhibited by the son of a domestic violence victim who told the judge during a court hearing for the suspect that “I’d rather have my mom back more than anything — that’s all that really matters more than anything.”

Less than a week before his mother’s death, the suspect, who had previously been accused of assaulting her, was released from electronic monitoring after a judge noted that the ankle monitor in use did not include GPS tracking, despite the court having access to GPS-enabled devices (https://ibn.fm/Q7kFQ).

The judge’s decision came amid discussion over the suspect’s failure to remain confined at home while wearing the ankle monitor, recognition that the suspect was not required by the court to remain confined at home, and acknowledgment that the ankle monitor was not fulfilling its purpose if it failed to track the suspect’s movements while he was away from home (https://ibn.fm/282X1).

The incident has drawn attention to the court’s ruling and the rules governing GPS monitoring within the New York district, but also highlights the importance of modern technology in granting law enforcement authorities the ability to effectively supervise suspects in pretrial conditions as well as the ability to provide potential victims with effective security.

Electronic monitoring (“EM”) technology innovator SuperCom (NASDAQ: SPCB) is building a strong reputation for outfitting law enforcement agencies and other governmental clientele with the superior technological capacity they need to monitor the movements of individuals under their authority and to provide preventive measures to potential victims, particularly in domestic violence cases.

SuperCom’s PureSecurity platform uses GPS to transmit real-time information on a monitored subject’s whereabouts. The company’s platform then notifies victims by a cell phone alert if concerns over an offender’s location arise.

“Our GPS technology and 24/7 monitoring center services are perfectly aligned to meet the needs of … clients and operations, providing robust and reliable solutions to support their mission,” SuperCom President and CEO Ordan Trabelsi stated in August (https://ibn.fm/xno7H).

SuperCom has secured several new contracts in recent months to provide monitoring for domestic violence suspects and subjects to be monitored while free from custody in other types of criminal cases throughout Europe and the United States. The average daily caseload for agencies monitoring individuals via EM in the geopolitical regions ranges from the tens of thousands (Europe) to the hundreds of thousands (North America) (https://ibn.fm/sGv3y).

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

MissionIRNewsBreaks – HeartBeam Inc. (NASDAQ: BEAT) Wins 2024 Digital Health Hub Award for Innovation in Cardiac Care

Posted on October 24, 2024 by MissionIR

HeartBeam (NASDAQ: BEAT), a medical technology company focused on advancing cardiac care, was recognized with the 2024 Digital Health Hub Rising Star award in the ‘Home Health Diagnostic’ category at the HLTH global healthcare conference. The award highlights HeartBeam’s innovative vector-based technology, which captures heart electrical signals in three dimensions to provide detailed cardiac insights. CEO Rob Eno emphasized the importance of timely care in cardiac health, praising the team’s efforts in developing a cable-free, credit card-sized ECG device, currently under FDA review, as a step towards personalized, AI-driven cardiac care.

To view the full press release, visit https://ibn.fm/1ZLrn

About HeartBeam Inc.

HeartBeam is a medical technology company dedicated to transforming cardiac care by providing powerful cardiac insights wherever the patient is. The company is creating the first-ever cable-free 12-lead ECG capable of capturing the heart’s electrical signals from three dimensions. This platform technology is designed to be used in portable devices that can be used wherever the patient is to deliver actionable heart intelligence. Physicians will be able to identify cardiac health trends and acute conditions and direct patients to the appropriate care — all outside of a medical facility, thus redefining the future of cardiac health management. The company holds 13 U.S. and 4 international-issued patents related to technology enablement. For more information, visit www.HeartBeam.com .

NOTE TO INVESTORS: The latest news and updates relating to BEAT are available in the company’s newsroom at https://ibn.fm/BEAT

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in HeartBeam Inc. BEAT | Leave a comment

Annovis Bio Inc. (NYSE: ANVS) Receives FDA Clearance to Initiate Pivotal Phase 3 Alzheimer’s Studies, Paving the Way for NDA Filings

Posted on October 23, 2024 by MissionIR
  • Annovis Bio received FDA clearance to move forward with Phase 3 trials for buntanetap following an End-of-Phase 2 meeting on October 10, 2024.
  • The pivotal trials will investigate buntanetap’s short-term symptomatic effects and potential long-term disease-modifying benefits in early-stage Alzheimer’s disease (“AD”) patients.
  • Annovis Bio is targeting potential NDA submission within one year of the study’s initiation for symptomatic treatment, based on the results of a well-executed 6-month trial.
  • The FDA raised no safety concerns regarding buntanetap and supported the use of its new crystal form in development.

Annovis Bio (NYSE: ANVS), a late-stage clinical drug platform company focused on developing transformative therapies for neurodegenerative disorders, including Alzheimer’s disease (“AD”) and Parkinson’s disease (“PD”), recently announced a significant milestone in its drug development process. On October 10, 2024, the company held an End-of-Phase 2 meeting with the U.S. Food and Drug Administration (“FDA”), where it received clearance to proceed with pivotal Phase 3 studies for its lead compound, buntanetap.

Phase 3 Clinical Trials Overview:

  • A 6-month study to confirm buntanetap’s symptomatic effects in early-stage AD patients.
  • An 18-month study aimed at evaluating its long-term potential as a disease-modifying treatment.

The first, 6-month study is slated to begin in Q1 2025. Notably, if the initial 6-month study yields positive results, it may support an NDA submission of buntanetap as a symptomatic treatment within a year of initiation, fast-tracking the drug’s pathway to market.

No Safety Concerns:

During the FDA meeting, the FDA raised no concerns about data involving liver enzymes, drug interactions, pharmacokinetics, or dose selection, and approved the use of the drug’s new crystal form for all upcoming studies.

CEO Statement:

“We are now ready to move into the highly anticipated Phase 3 stage,” said Maria Maccecchini, Ph.D., Founder, President, and CEO of Annovis Bio. “Our priority is to bring the treatment to patients as early as possible, and we are executing the next clinical trial at the highest standards to attain an expedited NDA submission.”

About Annovis Bio, Inc.

Based in Malvern, Pennsylvania, Annovis Bio is dedicated to addressing neurodegenerative diseases such as AD and PD. The company’s innovative approach targets multiple neurotoxic proteins, with the aim of restoring brain function and improving patients’ quality of life.

For more information, visit the company’s website at www.AnnovisBio.com, and social channels LinkedIn, X and YouTube.

NOTE TO INVESTORS: The latest news and updates relating to ANVS are available in the company’s newsroom at https://ibn.fm/ANVS

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Annovis Bio Inc. ANVS | Leave a comment

Companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) will Capitalize on the Growing Demand for AI Resources

Posted on October 23, 2024 by MissionIR

Artificial intelligence is rapidly reshaping the landscape of economies around the world. Estimates indicate that generative AI alone will triple its growth to a total market value of $1.3 trillion in the next decade.

As most investors know by now, there is a surge in the demand for energy-guzzling data centers that are designed to develop and train AI systems. They also know that advanced semiconductor chips are at the heart of all AI technologies. However, many haven’t considered that critical minerals, such as copper, gold and silver, are vital components of this burgeoning industry.

To put the skyrocketing demand for AI data centers into perspective, consider the conclusion in the mid-year 2024 United States Data Report published by Jones Lang Laselle indicating that the creation of new data centers within the U.S. alone will grow at a CAGR of 23% until 2030. The International Energy Agency (“IEA”) notes that globally, AI data centers consumed approximately 460 TWh (terawatt hours) of electricity in 2022, but that figure is projected to jump to 1,000 terawatt hours in 2026. As the IEA points out, this is the amount of energy Japan consumes! That huge amount of energy underscores how quickly AI infrastructure is growing, and that means there is a surge in the demand for critical metals making it possible for all those data centers to be constructed and utilized.

Copper is essential in driving the development of AI technology and the establishment of data centers. With its excellent electrical conductivity, copper is used for interconnects within the integrated circuitry of advanced AI chips; not to mention busbars and heat exchangers used in data centers. And, of course, copper helps to get power to and within AI data centers. The IEA projects that the yearly demand for copper, specifically for use within energy grids, will double by 2040 and within the coming decade there will be a copper deficit of approximately ten million metric tons.

While we’ve been mostly looking at copper in this article, similar scenarios are evident for other critical minerals like gold and silver as the AI industry continues its meteoritic growth.

McEwen Mining (NYSE: MUX) (TSX: MUX) is well poised to benefit from the tailwinds arising from the explosive growth of the AI industry. For example, the company has a large exposure to copper through its subsidiary, McEwen Copper, owner of the Los Azules copper deposit in Argentina, which is one of the world’s largest and most economically robust undeveloped copper projects.

Given the skyrocketing demand for copper and the anticipated supply shortages in the coming decades, McEwen’s copper resource alone could be a game-changer. The ongoing geopolitical tensions and the drive to develop critical metals’ supply lines outside of those controlled by China and its allies makes the gold and silver extraction operations of McEwen Mining in the Americas better positioned to tap the AI revolution for years and decades to come.

For more information, visit the company’s website at www.McEwenMining.com

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in McEwen Mining Inc. MUX | Leave a comment

MissionIRNewsBreaks – Platinum Group Metals Ltd.’s (NYSE American: PLG) (TSX: PTM) Lion Battery Accelerating Development of Next-Gen Technology

Posted on October 21, 2024 by MissionIR

Platinum Group Metals (NYSE American: PLG) (TSX: PTM), through its subsidiary Lion Battery, is working to strengthen its foothold in the lithium-sulfur space. With new technologies being researched and developed to rival lithium-ion batteries in terms of efficiency, cost and sustainability, lithium-sulfur batteries could offer advantages. “Lion Battery was jointly formed in 2019 by Platinum Group and Anglo American Platinum to accelerate the development of next-generation battery technology using platinum and palladium. Since inception, the Lion team has focused on the development of proprietary lithium-sulfur technology and enhancing the performance of existing commercial lithium-ion chemistries. Lion has a sponsored research agreement with Florida International University (‘FIU’) including exclusive rights to all intellectual property developed and will lead commercialization efforts. To date, the U.S. Patent and Trademark Office has granted five patents related to research conducted by FIU on behalf of Lion,” a recent article reads. “Lion Battery has engaged The Battery Innovation Center (‘BIC’) in Newberry, Indiana, to help drive commercialization of its next-generation platinum and palladium-based battery chemistries.”

To view the full article, visit https://ibn.fm/G4rp5

About Platinum Group Metals Ltd.

Platinum Group Metals is the operator of the Waterberg Project, a bulk underground palladium and platinum deposit located in South Africa. The Waterberg Project was discovered by Platinum Group and is being jointly developed with Implats, Mnombo and HJM. For more information about the company, visit www.PlatinumGroupMetals.net/home/default.aspx.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Platinum Group Metals Ltd. PLG | Leave a comment

Groundbreaking Work on AI Wins Duo Nobel Prize in Physics

Posted on October 18, 2024 by MissionIR

Geoffrey Hinton, undeniably referred to as “the Godfather of AI,” has been awarded the Nobel Prize in Physics alongside John Hopfield for their groundbreaking work that triggered the development of machine learning, the science behind artificial intelligence as we know it today.

The duo got this global recognition for the foundational work that they did that made it possible for various AI applications and products to become a reality. Hinton, a University of Toronto-based computer scientist and his peer Hopfield, a Princeton University professor, shared a $1m cash prize that came with their coveted award. The ceremony recognizing the pair happened this Monday in Sweden.

When he was asked about the likely significance of the work they did to set the stage for the development of machine learning, Hinton strongly asserted that the science would have a huge societal influence comparable to the way the industrial revolution did. Explaining further he noted that while the industrial revolution set in motion a system that was superior to humans in terms of physical strength, the current revolution triggered by AI has the potential to exceed humans’ intellectual abilities.

Hinton foresees artificial intelligence revolutionizing various industries like healthcare in ways that will be a force multiplier for productivity.

Ellen Moons, who chairs the physics committee which selected the two as winners of the 2024 Nobel Prize, asserted that the work done by the individuals awarded has facilitated the integration of AI within the daily lives of humans. Moon added that because of what the laureates did, it is now possible to make critical decisions, such as medical diagnostic decisions, much faster and more reliably.

It should be noted that the transformative work of these two scientists was done about four decades ago. Hopfield was fascinated by the neural networks of the brain and wondered whether a similar physical system could be designed to mimic the brain’s function. He set to work to answer this question, and developed the computational nodes which were designed to function in the same way that neurons in the brain worked.

Synaptic connections within the brain make it possible for neurons to communicate with one another. Hopfield created connections to enable computational nodes to communicate with one another. Just as a human wracks their brain to recall a fact or some piece of information, AI nodes search through their repository of information to see patterns, “recall” information previously used or even come up with something new based it what the system had previously been taught.

After Hopfield’s work was published back in 1982, Hinton took it a step further to birth what we now know as machine learning.

Hopfield’s system was composed of a paltry 30 nodes that operated using approximately 500 connections. In comparison, ChatGPT, a generative AI system, has approximately a trillion parameters upon which it can generate the needed information a user requests it to produce.

As you can see, the AI systems today require a lot in terms of hardware such as microchips. Critical metals like copper, silver and gold have consequently seen rising demand to supply the rapidly growing AI industry. Opportunities are being created and numerous companies like McEwen Mining Inc. (NYSE: MUX) (TSX: MUX) are positioned to reap the rewards of addressing this demand for “AI metals.”

For more information, visit the company’s website at www.McEwenMining.com

NOTE TO INVESTORS: The latest news and updates relating to MUX are available in the company’s newsroom at http://ibn.fm/MUX

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in McEwen Mining Inc. MUX | Leave a comment

Clene Inc. (NASDAQ: CLNN) Presents Lead Candidate CNM-Au8(R) Updates, Latest Achievements at Top Investor Conferences

Posted on October 18, 2024 by MissionIR
  • Clene gave a fireside presentation and held one-on-one investor meetings at the 2024 Maxim Healthcare Virtual Summit on October 15.
  • On October 30, Clene will give a presentation and participate in one-on-one meetings at The ThinkEquity Conference 2024 at the Mandarin Oriental Hotel in New York.
  • Clene’s lead drug candidate, CNM-Au8® has been shown to restore and protect neurological function, offering new hope for patients with ALS and other neurodegenerative conditions.
  • Clene is seeking an accelerated approval pathway for CNM-Au8 for ALS and is scheduled to have a meeting with the FDA leadership in November.

Clene (NASDAQ: CLNN) and its wholly owned subsidiary, Clene Nanomedicine Inc., a late clinical-stage biopharmaceutical company focused on improving mitochondrial health and protecting neuronal function to treat neurodegenerative diseases, including amyotrophic lateral sclerosis (“ALS”) multiple sclerosis (“MS”) and Parkinson’s Disease (“PD”), is participating in two top investor conferences this month to present its latest achievements and key updates on its lead drug candidate, CNM-Au8 (https://ibn.fm/BDqtM).

On October 15, the company gave a fireside presentation at the 2024 Maxim Healthcare Virtual Summit. The October 15-17 event included presentations and interactive discussions with CEOs and key executives from a wide range of biotechnology, diagnostic, medical device, and healthcare information technology companies, along with several topical industry panels. Clene was also scheduled to take part in several one-on-one investor meetings with participants.

The company will also give a presentation and take part in one-on-one meetings at The ThinkEquity Conference 2024 at the Mandarin Oriental Hotel in New York on October 30, at 3:30 p.m. E.T. Those interested in attending can register at https://ibn.fm/Eycfv. This year’s ThinkEquity Conference will feature a diverse group of attendees, including U.S. public and private companies, Canadian and international listed companies, investors, and other industry professionals. Presentations at the event will cover investment topics across various sectors, including AI, biotechnology, metals and mining, oil and gas, and technology.

Developed as an oral suspension of gold nanocrystals, CNM-Au8 works by improving cellular energy production and utilization, which is critical for maintaining neuronal health. In both clinical trials and compassionate use programs, CNM-Au8 has already been shown to improve central nervous system cells’ survival and function via a mechanism that targets mitochondrial function and the nicotinamide adenine dinucleotide (“NAD”) pathway while reducing oxidative stress. By targeting mitochondrial dysfunction, CNM-Au8 aims to provide neuroprotection and promote remyelination, potentially altering the course of neurodegenerative conditions.

Clene’s lead drug candidate has obtained encouraging results in ALS patients in Phase 2 clinical trials RESCUE-ALS and HEALEY ALS Platform Trials, where participants who were administered CNM-Au8 saw significant improvement in survival rates and combined assessment of function and survival. In both trials CNM-Au8 treatment also delayed clinical worsening in ALS participants. Overall there is now more than 700 cumulative patient-years of safety data that show no significant safety concerns or safety trends identified as related to CNM-Au8 treatment.

The company is seeking to file a New Drug Application (“NDA”) using the accelerated approval regulatory pathway for CNM-Au8 for ALS and has already submitted biomarker and clinical efficacy data to the Food and Drug Administration. A meeting with the FDA leadership to discuss this request will be held in November. If this accelerated pathway is approved, the next steps will be to file an NDA by the end of the year and to launch a confirmatory global Phase 3 study in ALS.

For more information, visit the company’s website at www.Clene.com.

NOTE TO INVESTORS: The latest news and updates relating to CLNN are available in the company’s newsroom at https://ibn.fm/CLNN

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Clene Inc. CLNN | Leave a comment

EM Tech Developer SuperCom Ltd. (NASDAQ: SPCB) Secures New Monitoring Contract with the Israel Prison Service Agency

Posted on October 18, 2024 by MissionIR
  • Israel-based SuperCom has secured a new five-year contract for deploying its electronic monitoring tracking technology in the company’s home country, working with the Israel Prison Service state agency
  • The contract will help the agency monitor an estimated 1,500 enrolled offenders
  • SuperCom has been reporting an increasing number of contract wins in Europe and the U.S. this year to help public safety agencies track the movements of low-risk offenders
  • Electronic monitoring programs are increasingly welcomed in nations working to reduce criminal recidivism and provide safety to domestic violence victims, helping agencies reduce their incarceration costs in the process

Electronic monitoring (“EM”) technology innovator SuperCom (NASDAQ: SPCB) recently secured a new contract with the Israel Prison Service state agency (“IPS”) to provide full-service EM capabilities for all electronically monitored criminal offender programs throughout the country.

SuperCom won the contract, already underway, in partnership with a nationwide security services provider through a competitive process that included several rounds of negotiations, demonstrations and system evaluations supervised by the IPS.

“We are deeply honored to support Israel’s public safety infrastructure during these challenging times,” SuperCom President and CEO Ordan Trabelsi stated in the news release announcing the contract (https://ibn.fm/G8NXX). “Our mission goes beyond business; it is about contributing to the safety and resilience of Israel.”

SuperCom’s PureSecurity Suite platform uses state-of-the-art GPS tracking technology that is monitored and used for further communication with appropriate authorities. It uses cutting-edge location technologies and sensors, an ultra-lightweight bracelet that can be worn inconspicuously by the offender while interacting with others at work or in other social settings, an advanced anti-tamper mechanism, the ability to interact seamlessly with other parties’ API (such as a user’s smartphone), multi-factor biometric sensors, and draws on extensive historical data for further analysis.

Israel’s prison system EM program has an estimated 1,500 people enrolled for monitoring.

“This win further enhances our ability to deliver top-tier technology and services for effectively managing correctional programs and enhancing public safety,” Trabelsi stated. “It highlights the growing demand for our advanced electronic monitoring solutions globally and strengthens our strategic position as a leading security technology provider.”

EM technology is gaining widespread acceptance in North America, Latin America and Europe as a means for reducing the costs of imprisonment for criminal offenders, allowing individuals to be at low risk of harming society to remain productive through employment and family interaction while meeting society’s needs for security by having their movements restricted and monitored to ensure the restrictions are enforced.

The market for EM products and services is a niche segment with a low number of competitors, making SuperCom’s opportunity potential stronger, particularly as it continues to build its reputation with a growing number of clients.

During recent months, SuperCom has secured five new contracts to provide domestic violence subject monitoring in Europe. The company has also reported new contracts in the United States — most recently with law enforcement agencies in West Virginia and New York.

For more information, visit the company’s website at www.SuperCom.com.

NOTE TO INVESTORS: The latest news and updates relating to SPCB are available in the company’s newsroom at http://ibn.fm/SPCB

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in SuperCom Ltd. SPCB | Leave a comment

D-Wave Quantum Inc. (NYSE: QBTS) Introduces Service-Level Agreements for Leap(TM) Quantum Cloud Service Customers Moving to Production

Posted on October 18, 2024 by MissionIR
  • D-Wave has introduced service-level agreements (“SLAs”) for customers of its Leap quantum cloud service who are moving applications into production
  • The Leap quantum cloud service offers 99.9% availability for its Solver API and aggregated set of annealing quantum computers
  • The Leap quantum cloud service has seen a surge in usage over the past 12 months, with more than 60 million jobs submitted, a 215% increase over the previous 12 months

D-Wave Quantum (NYSE: QBTS) (“D-Wave”), a leader in quantum computing systems, software and services, and the first commercial provider of quantum computers, has introduced service-level agreements (“SLAs”) tailored for customers of its Leap quantum cloud service who are moving applications into production. According to a company news release, this move confirms D-Wave’s confidence in the Leap service’s availability, reliability, scalability, and ability to support commercial-grade quantum and hybrid-quantum application requirements (https://ibn.fm/mTrP0).

“As the transition to production deployments accelerates, providing exceptional access to our cloud service has never been more critical,” said Dr. Trevor Lanting, chief development officer at D-Wave. “Our SLA offering is designed to support this dynamic shift with confidence, enabling businesses to thrive as quantum technology’s commercial value and adoption grows.”

Providing real-time, secure access to D-Wave’s annealing quantum computers and hybrid solvers since its launch in 2018, the Leap quantum cloud service is a production-grade service that enables customers to run business-critical workflows.

According to D-Wave monitoring data, the service has consistently offered 99.9% availability for its Solver API and aggregated set of annealing quantum computers over the past two years, which indicates a high level of responsiveness even under heavy customer usage. Since its launch, the Leap service has run almost 200 million customer jobs without lengthy queue times, unavailable hardware workarounds or requiring advance work scheduled. The company also further enhanced the Leap service and Ocean(TM) SDK processing speeds by 30%, empowering customers to achieve faster computations and solve complex problems more effectively.

A testament to the growing demand for immediate access to cloud-based quantum computing, usage of the Leap quantum cloud service has increased by 215% in the last 12 months, with over 60 million jobs submitted in that time period. The increased usage also contributed to the decision to introduce SLAs for production customers. According to Heather West, PhD, research manager and analyst with IDC, organizations looking to incorporate quantum computing into their IT structure should consider opting for a real-time production-grade service that comes with the kind of assurances an SLA can provide. “Technology leaders should have the same expectations of quantum cloud services that they do for any software-as-a-service, with reliability and accessibility leading their decision criteria.” 

For more information, visit the company’s website at www.dwavequantum.com.

NOTE TO INVESTORS: The latest news and updates relating to QBTS are available in the company’s newsroom at https://ibn.fm/QBTS

Forward Looking Statements

Certain statements in this press release are forward-looking, as defined in the Private Securities Litigation Reform Act of 1995. These statements involve risks, uncertainties, and other factors that may cause actual results to differ materially from the information expressed or implied by these forward-looking statements and may not be indicative of future results. These forward-looking statements are subject to a number of risks and uncertainties, including, among others, various factors beyond management’s control, including the risks set forth under the heading “Risk Factors” discussed under the caption “Item 1A. Risk Factors” in Part I of our most recent Annual Report on Form 10-K or any updates discussed under the caption “Item 1A. Risk Factors” in Part II of our Quarterly Reports on Form 10-Q and in our other filings with the SEC. Undue reliance should not be placed on the forward-looking statements in this press release in making an investment decision, which are based on information available to us on the date hereof. We undertake no duty to update this information unless required by law.

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 70+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in D-Wave Quantum Inc. QBTS | Leave a comment

Saudi Arabia’s Mining Sector Set for Major Leap: Platinum Group Metals Ltd. (TSX: PTM) (NYSE American: PLG) Targets New Growth with PGM Smelter Deal

Posted on October 17, 2024 by MissionIR
  • Saudi Arabia aims to increase its mining sector’s contribution to the economy from $17 billion today to $75 billion by 2035, as part of its Vision 2030 initiative.
  • Platinum Group Metals Ltd. has entered a cooperation agreement with Ajlan & Bros Mining and Metals Co. to explore the establishment of a platinum group metals smelter and base metals refinery in Saudi Arabia.
  • The agreement includes a global market study, a definitive feasibility study and the potential formation of a 50:50 joint venture for project development.

A new, potentially enormous force is sweeping the mining industry. Gulf countries, desperate to diversify away from fossil fuels, are rerouting petrodollars to acquire vital minerals required to produce clean energy. Chief among these nations is Saudi Arabia, which aims for its mining sector to contribute $75 billion to its economy by 2035, up from just $17 billion today, according to the Financial Post (https://ibn.fm/285gC). The area has enormous potential to grow a strong mining sector with lofty goals that, if met, could completely change the face of the economy.

The transition to mining seems like a sensible move to guarantee a consistent supply of raw materials in the face of hydrocarbon’s unpredictable future, since Gulf countries earn about $400 billion in fossil-fuel income each year. Under Crown Prince Mohammed bin Salman’s “Vision 2030” initiative, mining and mineral processing are identified as key pillars of economic modernization, alongside oil, gas and petrochemicals. According to the Financial Post, this strategic focus positions Saudi Arabia to exploit an estimated $2.5 trillion in domestic mineral assets, leveraging partnerships with major entities like Saudi Arabian Oil Co. (Saudi Aramco) and the state mining group Ma’aden.

Platinum Group Metals (TSX: PTM) (NYSE American: PLG), the operator and majority owner of the Waterberg Project, has announced an important collaboration with Ajlan & Bros Mining and Metals Co. to explore establishing a standalone platinum group metals (“PGM”) smelter and base metals refinery (“BMR”) in Saudi Arabia. This agreement, structured into three distinct phases, marks a pivotal step in the company’s strategy to enhance its operational capabilities and secure a stable offtake agreement for its Waterberg Project concentrate.

Overview of the Cooperation Agreement

The cooperation agreement consists of the following phases:

  1. Global PGM Concentrate Market Study: This effort includes a comprehensive analysis of potential sources for PGM concentrates that could supplement the processing of concentrate from the Waterberg Project, thereby reducing reliance on a single project, and potentially enhancing the overall smelting and refining operations.
  2. Definitive Feasibility Study (“DFS”): Upon completion of the Market Study, the parties will assess the findings and may then jointly commission a DFS for the proposed smelter and BMR. The DFS is estimated to cost approximately US$4 million, with expenses shared equally between Platinum Group and Ajlan.
  3. Formation of a Joint Venture: Following the successful completion of the DFS, Platinum Group and Ajlan have the option to establish a 50:50 incorporated joint venture. This venture would focus on financing, constructing, and operating the smelting and refining facilities in Saudi Arabia.

Platinum Group’s President and CEO, Frank Hallam, emphasized the strategic importance of this partnership: “The largest impediment to the development of the Waterberg Project to date has been the need to secure a concentrate offtake agreement amongst the existing South African based PGM smelters. We are pleased to work together with Ajlan to explore a smelting and refining facility in Saudi Arabia as a strategic alternative that may create an exciting path forward.”

The Global PGM Concentrate Market Study is nearing completion and is being assessed by PTM and Ajlan. The proposed DFS would assess various aspects, including infrastructure requirements, technical specifications, capital, and operational costs. The results will be critical in determining the feasibility and scalability of the smelter and BMR project.

Implications for the Waterberg Project

The establishment of a smelting and refining facility in Saudi Arabia could provide essential offtake agreements for the Waterberg Project, which has previously faced challenges in securing concentrate offtake agreements with existing South African smelters.

The Waterberg Project is a bulk underground palladium and platinum deposit located in South Africa’s Limpopo province, with plans to produce approximately 353,000 ounces of PGMs annually at an estimated capital cost of just over $600 million. The Waterberg Project is planned to create approximately 2,000 jobs during construction and approximately 1,425 mostly high-skilled jobs once steady state mining is achieved. These direct jobs would make a significant contribution to local economic development, infrastructure growth, and foreign exchange earnings.

A trade-off study has already indicated that shipping concentrate from South Africa to Saudi Arabia could be economically viable, with shipping costs offset by lower energy and water costs.

Before Waterberg Project concentrate could be processed in Saudi Arabia, a long-term export approval to ship unrefined precious metals in concentrate from South Africa will be required. Platinum Group has engaged with the South African government to secure a long-term permit for the export of unrefined precious metals in concentrate.  As a first step, Platinum Group is working with the Government of South Africa to identify local beneficiation opportunities and to analyze the economic impact of exporting concentrate.

The cooperation agreement with Ajlan & Bros Mining and Metals Co. represents a strategic maneuver for Platinum Group Metals Ltd. as it seeks to overcome the challenges faced at the Waterberg Project and capitalize on the advantages offered by the Saudi Arabian market. This initiative not only aims to unlock the project’s potential but also to create a robust framework for future growth in the PGM sector.

For more information, visit www.PlatinumGroupMetals.net.

NOTE TO INVESTORS: The latest news and updates relating to PLG are available in the company’s newsroom at https://ibn.fm/PLG

About MissionIR

MissionIR (“MIR”) is a specialized communications platform with a focus on assisting IR firms with syndicated content to enhance the visibility of private and public companies within the investment community. It is one of 75+ brands within the Dynamic Brand Portfolio @ IBN that delivers: (1) access to a vast network of wire solutions via InvestorWire to efficiently and effectively reach a myriad of target markets, demographics and diverse industries; (2) article and editorial syndication to 5,000+ outlets; (3) enhanced press release enhancement to ensure maximum impact; (4) social media distribution via IBN to millions of social media followers; and (5) a full array of tailored corporate communications solutions. With broad reach and a seasoned team of contributing journalists and writers, MIR is uniquely positioned to best serve private and public companies that want to reach a wide audience of investors, influencers, consumers, journalists and the general public. By cutting through the overload of information in today’s market, MIR brings its clients unparalleled recognition and brand awareness.

MIR is where breaking news, insightful content and actionable information converge.

For more information, please visit www.MissionIR.com

Please see full terms of use and disclaimers on the MissionIR website applicable to all content provided by MIR, wherever published or re-published: https://www.MissionIR.com/Disclaimer

MissionIR
Los Angeles, CA
www.MissionIR.com
310.299.1717 Office
Editor@MissionIR.com

MissionIR is powered by IBN

Posted in Platinum Group Metals Ltd. PLG | Leave a comment