PETRA

Fujitsu Network Business Head Moves to North America, Strengthening Market Presence

Retrieved on: 
Monday, April 4, 2022
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RICHARDSON, Texas, April 4, 2022 /PRNewswire-PRWeb/ -- Fujitsu Network Communications has announced that Shingo Mizuno, Global Head of the Fujitsu Network Business is transferring his base to the United States, effective April 1. Mizuno also is now acting President and CEO of Fujitsu Network Communications, replacing Doug Moore, who has been appointed CEO of Fujitsu North America.

Key Points: 
  • Shingo Mizuno to continue as Global Head of Network Business, while taking new role leading Fujitsu Network Communications
    RICHARDSON, Texas, April 4, 2022 /PRNewswire-PRWeb/ -- Fujitsu Network Communications has announced that Shingo Mizuno, Global Head of the Fujitsu Network Business is transferring his base to the United States, effective April 1.
  • Mizuno also is now acting President and CEO of Fujitsu Network Communications, replacing Doug Moore, who has been appointed CEO of Fujitsu North America.
  • "To help our customers achieve greater business value, Fujitsu is paving the way to improved digital transformation technologies and open ecosystems."
  • About Fujitsu Network Communications Inc.
    Fujitsu Network Communications, Inc. is a leading provider of digital transformation solutions for network operators, service providers and content providers worldwide.

Petra Acquisition, Inc. Announces Share Redemption Backstop and Forward Purchase Agreements in Connection with Revelation Biosciences, Inc. Business Combination

Retrieved on: 
Wednesday, December 22, 2021
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The backstop agreements and forward share purchase agreements with AXA Prime Impact Master Fund, Meteora Capital Partners, LifeSci Venture Partners, and other Petra and Revelation institutional and individual holders, total up to $12 million.

Key Points: 
  • The backstop agreements and forward share purchase agreements with AXA Prime Impact Master Fund, Meteora Capital Partners, LifeSci Venture Partners, and other Petra and Revelation institutional and individual holders, total up to $12 million.
  • These backstop agreements and forward share purchase agreements should ensure the minimum cash condition required of the business combination agreement will be met and provide the post-business combination entity with working capital to fund the continued development of Revelations REVTx-99 product candidate.
  • On December 21, 2021, Petra entered into backstop agreements with AXA Prime Impact Master Fund, LifeSci Venture Partners and other Petra and Revelation institutional, and individual investors (the Backstop Subscribers).
  • Revelation and its directors and executive officers may also be deemed to be participants in the solicitation of proxies from the stockholders of Petra in connection with the proposed Business Combination.

Petra Acquisition, Inc. Announces Special Meeting of Stockholders to Approve Business Combination with Revelation Biosciences, Inc.

Retrieved on: 
Thursday, December 16, 2021
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NEW YORK and SAN DIEGO, Dec. 16, 2021 (GLOBE NEWSWIRE) -- Petra Acquisition, Inc. (NASDAQ: PAICU, PAIC, & PAICW), (“Petra”) a special purpose acquisition company, today announced that it will hold a Special Meeting of Stockholders (the “Special Meeting”) to vote on the approval of the proposed Business Combination (the “Business Combination”) with Revelation Biosciences, Inc. (“Revelation”), a clinical-stage life sciences company that is focused on the development of immunologic‑based therapies for the prevention and treatment of disease.

Key Points: 
  • Petra common stockholders of record at the close of business on the record date of December 16, 2021 are entitled to vote at the Special Meeting.
  • Petra and Revelation entered into a definitive agreement relating to the Business Combination on August 29, 2021.
  • The Business Combination, if approved by Petras stockholders, is expected to close as soon as practicable following the Special Meeting.
  • Petra stockholders are encouraged to submit their vote as soon as possible to ensure they are represented at the Special Meeting.

Petra Unveils the First Tunneling Technology for Utilities to Bore Through the Hardest Rocks in the World

Retrieved on: 
Thursday, December 9, 2021
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Our non-contact method is the next evolution of tunneling and will usher in a new age of undergrounding utilities, said Petra CEO and co-founder Kim Abrams.

Key Points: 
  • Our non-contact method is the next evolution of tunneling and will usher in a new age of undergrounding utilities, said Petra CEO and co-founder Kim Abrams.
  • Petra has developed the first non-contact, thermal-drilling method that can uniquely bore 60-inch diameter micro tunnels through hard rock, making it possible to bore utility tunnels through previously impenetrable geologies.
  • By contrast, Petra is capable of boring a range of diameters between 20-60 inches, dramatically reducing the costs of tunneling.
  • Together, we have created tens of billions of dollars of value, while also making the world a markedly better place.

Revelation Biosciences Inc. Announces Initiation of a Phase 2b Study to Assess Efficacy of Intranasal REVTx-99 for The Prevention of H3N2 Influenza

Retrieved on: 
Wednesday, December 1, 2021
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The viral challenge study is the next necessary step in clinical development of REXTx-99 for the treatment of respiratory viral infections.

Key Points: 
  • The viral challenge study is the next necessary step in clinical development of REXTx-99 for the treatment of respiratory viral infections.
  • The start of our viral challenge study is an important step in bringing a potential new therapy to bear on this problem.
  • The Phase 2b, randomized, double-blind, placebo-controlled study will enroll up to 60 participants.
  • The primary endpoint is to evaluate the efficacy of REVTx-99 in reducing influenza virus load in the upper airways during infection.

Revelation Biosciences Inc. Engages Partnering Advisor, MedWorld Advisors, to Optimize Value of the Company’s Diagnostic Tool, REVID™

Retrieved on: 
Monday, November 1, 2021
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SAN DIEGO, Nov. 01, 2021 (GLOBE NEWSWIRE) -- Revelation Biosciences Inc. (Revelation), a clinical-stage life sciences company that is focused on the development of immunologic‑based therapies and diagnostics for the prevention and treatment of disease, announced today that it has engaged MedWorld Advisors to optimize the value of Revelation’s diagnostic tool, REVID™.

Key Points: 
  • REVID is a rapid, point-of-care immunologic diagnostic device that can be used for the detection of upper respiratory viral infection.
  • The team at MedWorld Advisors has the deep experience and global network needed to optimize value for REVID, and the passion to help companies like Revelation provide solutions to the people who need it.
  • Our team looks forward to helping the Revelation Biosciences team move further along the commercialization journey in order to get REVID to the global population.
  • REVID is a point-of-care immunologic diagnostic device that can be used for detection of upper respiratory viral infection.