Innovation system

Sofwave Medical Reports First Quarter 2024 Financial Results and Business Highlights

Retrieved on: 
목요일, 5월 9, 2024
Sale, FDA, Pulse, Innovation system, Growth, U.S. FDA, Pure, SAN, Tourism

SAN CLEMENTE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Sofwave Medical Ltd (TASE: SOFW), an emerging leader in energy-based non-invasive, aesthetic medical devices for practitioners worldwide, reported financial results for the first quarter of fiscal year 2024, for the period ended March 31, 2024, and recent business highlights.

Key Points: 
  • First quarter revenue of $13.2M, +27% year-over-year growth; IFRS gross margin of 75.2%
    First quarter pulse recurring revenue of $4.7M, +118% year-over-year growth
    IFRS and non-IFRS operating loss narrowed to -$1.0M and -$0.4M, respectively; company approaching breakeven
    SAN CLEMENTE, Calif., May 09, 2024 (GLOBE NEWSWIRE) -- Sofwave Medical Ltd (TASE: SOFW), an emerging leader in energy-based non-invasive, aesthetic medical devices for practitioners worldwide, reported financial results for the first quarter of fiscal year 2024, for the period ended March 31, 2024, and recent business highlights.
  • First Quarter Revenue of $13.2M; representing 27% year-over-year growth
    IFRS Operating Loss: $1.0M; down from $3.7 million in first quarter of 2023; *Non-IFRS Operating Loss: $0.4M
    Cash and Cash Equivalents as of March 31, 2024: $23.1M, Cash used in the first quarter of 2024 of $1.3M down from $3.0M in the first quarter of 2023.
  • Mr. Louis Scafuri, Sofwave CEO, commented, “We continue to experience significant tailwinds for our disruptive technology and unique business model, as demonstrated by the 27% top-line growth generated in the first quarter of 2024.
  • Of significance, recurring pulse sales are an increasingly significant contributor to our strong financial results, with recurring pulse sales representing more than one third of our total first quarter revenue.

US Medical Innovations Secures FDA Clearance for Canady Helios Cold Plasma™ Ablation System

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화요일, 5월 7, 2024
Research, Robotics, Oncology, Medical Devices, Technology, Artificial Intelligence, Clinical Trials, Science, Surgery, Biotechnology, FDA, Health, Risk, Innovation system, Doctor of Philosophy, SMC, RNS, Sheba Medical Center, Medicine, RMC, Oncology nursing, Purdue University, Canady, ROS, Surgical oncology, Entrepreneurship, Plasma, Johns Hopkins University, Patient, Multi, Argon, Safety, George Washington University, Microsoft Access, Cell death, Survival, IDE, University of Massachusetts, Treatment, Multimedia, Reactive nitrogen species, Engineer, CHCP, University, Apoptosis, FACS, Field line, Airline, Rush University Medical Center, Reactive oxygen species, Nursing

US Medical Innovations, LLC (USMI) announced today it has received FDA 510k Clearance (K240297) for the Canady Helios Cold Plasma™ (CHCP) Ablation System for the ablation of soft tissue during surgery.

Key Points: 
  • US Medical Innovations, LLC (USMI) announced today it has received FDA 510k Clearance (K240297) for the Canady Helios Cold Plasma™ (CHCP) Ablation System for the ablation of soft tissue during surgery.
  • The CHCP system consists of the Canady Helios Cold Plasma XL-1000 CP Smart Electrosurgical Generator, Canady Helios Cold Plasma Ablators, Foot Pedal and Trolley Cart.
  • The Canady Helios Cold Plasma™ System introduces a novel approach to soft tissue ablation using plasma.
  • For more information on US Medical Innovation’s products and technology please visit: www.usmedinnovations.com .

Quantum Energy Corporation dba flooidCX Corp [OTC: FLCX] Executes Licensing Agreement in the Philippines

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월요일, 5월 6, 2024
Residential Building & Real Estate, Technology, Manufacturing, Construction & Property, Batteries, Utilities, Other Manufacturing, Alternative Energy, Environment, Energy, Sustainability, Agreement, Philippine National Oil Company, ARC, Innovation system, Heart, Electricity, ARC Energy, Intermediary, BCS, Distribution, Face, PNOC, Government, Renewable energy

The Agreement was executed and made effective on March 28, 2024 with funding committed on April 30, 2024.

Key Points: 
  • The Agreement was executed and made effective on March 28, 2024 with funding committed on April 30, 2024.
  • ARC Energy has contracted with PNOC to develop 500,000 affordable housing units and it anticipates starting construction on these units in Q2.
  • This is a 5-year development plan that focuses on sustainability and energy use, including high efficiency distributed energy, appliances, and renewable energy.
  • In addition, under the Agreement the Company will receive 20% of the monthly recurring revenue from electrical energy provided by its Direct Energy System, installed by ARC Energy Inc.

Zanskar Raises $30 Million to Accelerate Discovery of Geothermal Energy for Clean and Affordable Power

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월요일, 5월 6, 2024
Other Energy, Contracts, Utilities, Oil, Gas, Sustainability, Alternative Energy, Energy, Technology, Defense, Artificial Intelligence, Environment, Green Technology, Other Technology, Defense Innovation Unit, Innovation system, Electricity, Transport, Geothermal gradient, Growth, Union Square Ventures, CO, Renewable energy

Zanskar Geothermal & Minerals (”Zanskar”), the leading geothermal exploration company, announced today the closing of $30M in new funding led by Obvious Ventures.

Key Points: 
  • Zanskar Geothermal & Minerals (”Zanskar”), the leading geothermal exploration company, announced today the closing of $30M in new funding led by Obvious Ventures.
  • Geothermal utilizes heat from under the ground to produce 24/7 renewable energy, which Zanskar can pinpoint to dramatically expand the supply of power projects.
  • “We’ve been scouring the planet for scalable clean power solutions to help address the current energy crisis and believe Zanskar has the disruptive technology needed to help the world avoid gridlock.
  • “We have an incredible team who are running through all the barriers that prevent geothermal discovery and de-risking.

Massivit to Launch Affordable Large-Format 3D Printer at drupa 2024 International Printing Show in Germany

Retrieved on: 
수요일, 5월 8, 2024
E84, Interview, Exhibition, Innovation system, ASTM, 3D, GDP, Giant, Marketing, Advertising, 3D printing

LOD, Israel, May 8, 2024 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a leading provider of industrial 3D printing systems, has announced the launch of the new Massivit 3000 large-format 3D printer. The printer will be unveiled at the prestigious drupa tradeshow – the largest international printing industry exhibition that will take place in Dusseldorf, Germany on May 28th to June 7th, 2024.

Key Points: 
  • The Highly Anticipated Massivit 3000 Printer Provides an Affordable, High-Performance 3D Printing Solution for Print Service Providers and Entertainment Fabricators
    LOD, Israel, May 8, 2024 /PRNewswire/ -- Massivit 3D Printing Technologies (TASE: MSVT), a leading provider of industrial 3D printing systems, has announced the launch of the new Massivit 3000 large-format 3D printer.
  • The printer will be unveiled at the prestigious drupa tradeshow – the largest international printing industry exhibition that will take place in Dusseldorf, Germany on May 28th to June 7th, 2024.
  • The launch of the Massivit 3000 brings to market a more affordable 3D-printing solution for businesses seeking to leverage high-speed, large-format production capabilities without putting a strain on their finances.
  • Massivit's CEO, Erez Zimerman, stated "We are very excited about the launch of the Massivit 3000 which marks a significant milestone for Massivit.

Healthcare technology company co-founder highlights need for price transparency and innovative solutions at industry summit

Retrieved on: 
금요일, 5월 3, 2024
Hope, Hospital, Family, Patient, Legislation, Innovation system, Health, Pharmaceutical industry

FALLS CHURCH, Va., May 3, 2024 /PRNewswire/ -- Co-founder and CEO, Andrew Mignatti, of healthcare technology company, careviso , spoke at The Third Virtual National Health Care Transparency and No Surprises Act Summit .

Key Points: 
  • FALLS CHURCH, Va., May 3, 2024 /PRNewswire/ -- Co-founder and CEO, Andrew Mignatti, of healthcare technology company, careviso , spoke at The Third Virtual National Health Care Transparency and No Surprises Act Summit .
  • 6 years ago, Mignatti identified a need in the industry for improved processes through technology, thus founding careviso and its innovative platform, seeQer .
  • careviso has frequently advocated for price transparency and was proud to be a sponsor of the summit, with the hope that patients can benefit from greater price transparency in healthcare.
  • While it seems healthcare transparency is here to stay, many questions remain surrounding the implementation and enforcement of the legislation.

How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence

Retrieved on: 
목요일, 5월 2, 2024
Amazon Web Services, Risk, Innovation system, News, SNOW, API, Intelligence, BIDU, NVIDIA, CRM, Advertising, Graphics processing unit, International Monetary Fund, Economics, EV, Data collection, Run, Architecture, CrowdStrike, Research, Artificial intelligence, Snowflake Inc., IAM, SOC, IMF, SQL, AWS, Moe, NVDA, Statista, Hugging Face, ROI, LLM, Software as a service, Environment, Nvidia, Acquisition, GPU, Cryptocurrency

VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftly, safely, and economically on board with AI are a wide variety of tech companies moving things forward with recent developments this past week, including: Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), NVIDIA Corporation (NASDAQ: NVDA), Snowflake Inc. (NYSE: SNOW), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), and Baidu, Inc. (NASDAQ: BIDU).

Key Points: 
  • While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it.
  • Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") today provided an update on new developments of Scope's artificial intelligence driven recognition technology called GEM (General Enterprise Machine Learning) system.
  • ●          Broad based one tool solution for businesses to develop their own artificial intelligence object  detection and visual information system.
  • Businesses of any size can easily onboard and start using the intuitive web-interface to build custom solutions for their respective businesses.

How Businesses Are Adapting to the Rapid Expansion of Artificial Intelligence

Retrieved on: 
목요일, 5월 2, 2024
Amazon Web Services, Risk, Innovation system, News, SNOW, API, Intelligence, BIDU, NVIDIA, CRM, Advertising, Graphics processing unit, International Monetary Fund, Economics, EV, Data collection, Run, Architecture, CrowdStrike, Research, Artificial intelligence, Snowflake Inc., IAM, SOC, IMF, SQL, AWS, Moe, NVDA, Statista, Hugging Face, ROI, LLM, Software as a service, Environment, Nvidia, Acquisition, GPU, Cryptocurrency

VANCOUVER, BC, May 2, 2024 /PRNewswire/ -- USA News Group News Commentary – According to the International Monetary Fund (IMF), the integration of artificial intelligence (AI) will affect almost 40% of jobs around the world. While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it. Analysts at Statista are projecting the Global AI Market will surpass $1.75 trillion by 2030. Now CIOs across multiple sectors are eager to scale their companies' AI despite current difficulty demonstrating ROI, according to a new survey. Helping to get companies swiftly, safely, and economically on board with AI are a wide variety of tech companies moving things forward with recent developments this past week, including: Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF), NVIDIA Corporation (NASDAQ: NVDA), Snowflake Inc. (NYSE: SNOW), CrowdStrike Holdings, Inc. (NASDAQ: CRWD), and Baidu, Inc. (NASDAQ: BIDU).

Key Points: 
  • While still early in the AI revolution, experts are stepping forward to help businesses across a wide variety of industries to embrace it.
  • Scope AI Corp. (CSE: SCPE) (OTCQB: SCPCF) (FSE: VN8) ("Scope" or the "Company") today provided an update on new developments of Scope's artificial intelligence driven recognition technology called GEM (General Enterprise Machine Learning) system.
  • ●          Broad based one tool solution for businesses to develop their own artificial intelligence object  detection and visual information system.
  • Businesses of any size can easily onboard and start using the intuitive web-interface to build custom solutions for their respective businesses.

Tendo Technologies Announces Lindsay Cardoso as New CEO

Retrieved on: 
수요일, 5월 1, 2024
MEMS, Innovation system, Princeton University, Traction, Entrepreneurship, Risk management, Cardoso, General partnership, CO2, Growth, Management

PRINCETON, N.J., May 1, 2024 /PRNewswire-PRWeb/ -- Tendo Technologies, a pioneer in innovative gas and liquid handling and inventory solutions, announced today that Lindsay Cardoso has been named its new Chief Executive Officer.

Key Points: 
  • Tendo Technologies, a pioneer in innovative gas and liquid handling and inventory solutions, announced today that Lindsay Cardoso has been named its new Chief Executive Officer.
  • PRINCETON, N.J., May 1, 2024 /PRNewswire-PRWeb/ -- Tendo Technologies, a pioneer in innovative gas and liquid handling and inventory solutions, announced today that Lindsay Cardoso has been named its new Chief Executive Officer.
  • Tendo's comprehensive suite of technologies utilizes revolutionary patented and patent-pending technologies to control and monitor gases and liquids accurately.
  • Bernard Lupien, General Partner of Rhapsody Venture Partners, said, "We are delighted to have Lindsay join the Tendo team.

New Independent Study Shows 70% of Organizations Prioritize Gen AI for Boosting Employee Productivity

Retrieved on: 
화요일, 4월 30, 2024
Digital, Ecosystem, Investment, AI, Innovation system, LLM, Health care, Workflow, Gen, Synthetic media, Financial services, Generative, Organization, Customer service

The study surveyed 125 US-based CXOs and key decision-makers responsible for AI strategy, representing organizations.

Key Points: 
  • The study surveyed 125 US-based CXOs and key decision-makers responsible for AI strategy, representing organizations.
  • The findings also throw light on the transformative potential of Gen AI to enhance employee productivity and customer experience.
  • 70% of the surveyed organizations are directing their investments in Generative AI towards elevating employee efficiency for more impactful activities.
  • Financial Services prioritize customer service improvements, while Healthcare Life Sciences focus on digital operations enhancement with Gen AI.