Hyperconnect launches SLIDE : a new global project in North America
Hyperconnect has officially launched ‘SLIDE’, a video-first dating and social discovery app with plans to roll-out in select markets. As online social discovery channels continue to grow rapidly in the era of COVID-19, SLIDE is making waves. After a year of development, SLIDE is now available in North America, enabling users to express themselves three-dimensionally and vividly through a video-based dating experience. Slide is the product of a multinational development effort, involving resources across Hyperconnect’s global workforce. With SLIDE, Hyperconnect is introducing its third major offering in the ever-expanding social discovery app market. According to App Annie, a mobile app research provider, the total global social discovery market is valued at approximately 100 trillion Korean won — of which dating alone accounts for over 6 trillion won. “Large players in the global social discovery and dating app markets are still text and image-based, but we’re confident that video will soon replace these antiquated communication mechanisms. SLIDE, which focuses on instant video communication, will set a new milestone in the online dating market” says a Hyperconnect representative. Through video-based profiles, AI-driven matching tools and a real time video “Vibe Check” feature, SLIDE enables users to effectively find, match and ‘test the waters’ with others in a transparent, efficient, and fun way. Users can input a variety of tastes and interests, which are shared easily through a wide variety of profile prompts. Taking cues from explosively popular short-form video apps like TikTok, users can also browse short videos of potential matches. SLIDE makes use of Hyperconnect’s WebRTC technology, first employed in the real-time video chat app Azar, which has recorded over 500 million downloads globally. In SLIDE, ultra-low latency WebRTC video technology enables not only fast-rendering video profiles, but also reliable and exciting real-time video interaction. The first-of-its-kind “SLIDE AI” feature — which allows users to select several profiles to analyze and generate their ideal match, and then customizes matches based on that ideal — is built on Hyperconnect’s world-class artificial intelligence (AI) technology. In addition to Azar and Hakuna Live, a global social live streaming platform, Hyperconnect is developing 'AI Human’ technology, which will combine an artificial intelligence “brain” with a graphic augmented reality “body” to create a virtual person that can see, hear, and speak naturally. Eventually, Hyperconnect expects to deploy this technology to SLIDE, enabling social interaction in ways previously unimaginable. “SLIDE is a new category of app in the field of video communication and artificial intelligence — an impressive product of Hyperconnect’s know-how in the arena of social communication. As we expand globally, we’ll continue to uphold our reputation for innovation so that users around the world can experience the joy of connection and companionship,” says JungHoon “JH” Kim, Hyperconnect’s Chief Business Officer, Hyperconnect( https://hyperconnect.com/en ), based in Seoul, South Korea, is globally recognized for its advancements in the world of artificial intelligence, particularly its development of a proprietary “on-device” AI engine. A next-generation deep learning technology that runs directly on mobile devices, Hyperconnect’s on-device AI drives powerful in-app capabilities without data ever leaving the device, mitigating data leakage and privacy issues while enabling groundbreaking outcomes across video, image, voice, and text. Hyperconnect was the world’s first company to commercialize “WebRTC” technology in a mobile environment, first launching ‘Azar’ in 2014, ‘Hakuna Live’ in 2019 and social discovery dating app 'SLIDE' in 2020. Hyperconnect’s accolades also include its real-time voice translation technology, ultimately published and adopted in 2019 and 2020 at INTERSPEECH, the International Society for Speech Language Processing. Hyperconnect was the first Korean company to win the CVPR 2018 International Low-Power Image-Type Competition (LPIRC)
eCommerce leader Coupang Dives into Video Streaming with Launch of Coupang Play
Coupang, one of Asia’s largest eCommerce companies, added video streaming as its latest offering to WOW members with the launch of Coupang Play. At no additional cost, subscribers to Coupang’s premium membership service will now be able to enjoy unlimited video streaming on top of existing benefits such as Rocket Fresh groceries, free shipping and returns, same-day delivery, and Dawn Delivery, which enables customers placing orders as late as midnight to receive their deliveries by 7 AM the next day. Currently, Coupang Play is available for Android OS users, and the company expects to release the iOS version in early January next year. The service will also be expanded next year to include tablet devices, smart TVs, and PCs. Coupang Play’s initial selection includes a wide range of content, from Hollywood movies such as the “Spider-Man” series and “Bombshell,” to popular Korean variety shows such as “Delicious Guys” and “My Lovely Family.” Coupang Play also features content such as documentaries, educational videos, and animations. In addition, the company plans to release exclusive streaming content such as CNN 10 and the Showtime series “Your Honor” starring Emmy winner Bryan Cranston, which will only be available for streaming in Korea on Coupang Play. “Coupang continuously strives to improve its customers’ lives by introducing and expanding exciting new services,” said Stephen Kim, the head of Coupang Play. We are eager to bring content such as Coupang Play Originals to expand our offerings and make this new service even more enjoyable and convenient for our customers.” To use Coupang Play, WOW members can simply download the app and link it to the main Coupang app to enjoy unlimited video streaming immediately without a separate sign-up process. Up to five profiles can be created on one account so that family members can search for content and receive recommendations based on their personal preferences. In addition, Coupang Play includes parental control functions such as a PIN lock, as well as a “Kids’ Mode” to limit access to certain content and allow children to safely watch family-friendly content in one place. [Coupang Play at Google Play] https://play.google.com/store/apps/details?id=com.coupang.mobile.play&hl=en_US&gl=US WOW members will also be able to download most of the content on Coupang Play for convenient viewing anywhere, anytime, making it ideal for situations such as long-distance travel and in locations with poor internet connection. WOW is Coupang’s premium membership service that provides customers benefits such as Rocket Delivery, which guarantees delivery by the next day. For a small monthly fee, WOW members receive free shipping on all Rocket Delivery products regardless of price, faster shipping of Rocket Fresh products and other items through Dawn Delivery, and other exclusive benefits such as special discounts and free returns within 30 days. ■ About Coupang, from Wikipedia https://en.wikipedia.org/wiki/Coupang Coupang is a South Korean e-commerce company founded in 2010. The largest online retailer in South Korea, Coupang's annual revenue exceeds US$5.9 billion. The company's Rocket Delivery network provides same-day or next-day delivery of more than five million unique items. Coupang claims that 99.6 percent of its orders are delivered within 24 hours. Coupang is headquartered in Seoul, South Korea, in the Songpa-gu District. Coupang also has offices in Beijing, Shanghai, Los Angeles, Mountain View, and Seattle. Coupang was founded by Bom Kim in 2010. A student of Harvard University, Kim started to study for his MBA at Harvard Business School but dropped out after six months into the program. In November 2018, Coupang received a US$2 billion investment from SoftBank. Other major investors in Coupang include BlackRock and Fidelity. In July 2020, Coupang acquired assets of Singaporean streaming service HOOQ.In November 2018, Coupang received a US$2 billion investment from SoftBank. Other major investors in Coupang include BlackRock and Fidelity. In July 2020, Coupang acquired assets of Singaporean streaming service HOOQ. [USA Homepage] https://rocketyourcareer.usa.coupang.com
Hyundai Motor Company and INEOS to Cooperate on Driving Hydrogen Economy Forward
Hyundai Motor Company and INEOS today announced the signing of a memorandum of understanding to explore new opportunities to accelerate the global hydrogen economy. Hyundai and INEOS will jointly investigate opportunities for the production and supply of hydrogen as well as the worldwide deployment of hydrogen applications and technologies. Both companies will initially seek to facilitate public and private sector projects focused on the development of a hydrogen value chain in Europe. The agreement also includes the evaluation of Hyundai’s proprietary fuel cell system for the recently announced INEOS Grenadier 4x4 vehicle. This cooperation represents an important step in INEOS’ efforts to diversify its powertrain options at an early stage. Hyundai’s proprietary modular fuel cell system, which evaluation vehicles will use, has already proven reliable and effective in the Hyundai NEXO SUV. The world’s first dedicated hydrogen-powered SUV has the longest driving range among hydrogen-powered vehicles in the market. Hyundai is one of leading company in the field of fuel cell technology having started the world’s first mass production of fuel cell electric vehicles in 2013. “INEOS’ move into the development of a fuel cell electric vehicle and hydrogen ecosystem marks yet another milestone towards sustainable and clean transportation,” said Saehoon Kim, Senior Vice President and Head of Fuel Cell Center at Hyundai Motor Company. “Hyundai believes this will provide an important low-carbon option across a wide range of sectors. We also hope our decades-long expertise in hydrogen fuel cell work in synergy with INEOS’ expertise in field of chemistry to realize the mass production of green hydrogen and fuel cells for the Grenadier.” Peter Williams Technology Director INEOS, said, “The agreement between INEOS and Hyundai presents both companies with new opportunities to extend a leading role in the clean hydrogen economy. Evaluating new production processes, technology and applications, combined with our existing capabilities puts us in a unique position to meet emerging demand for affordable, low-carbon energy sources and the needs of demanding 4x4 owners in the future.” INEOS recently launched a new business to develop and build clean hydrogen capacity across Europe in support of the drive towards a zero-carbon future. The company currently produces 300,000 tons of hydrogen a year mainly as a by-product from its chemical manufacturing operations. Through its subsidiary INOVYN, INEOS is Europe’s largest existing operator of electrolysis, the critical technology that uses renewable energy to produce hydrogen for power generation, transportation and industrial use. Its experience in storage and handling of hydrogen combined with its established know-how in electrolysis technology, puts INEOS in a unique position to drive progress towards a carbon-free future based on hydrogen. In 2018, Hyundai Motor Group announced its mid- to long-term roadmap, Fuel Cell Vision 2030, to increase annual production of hydrogen fuel cell systems to 700,000 units by 2030.
[CES 2021] LG Emphasized "Needs to Innovate Beyond Boundaries Between Fields in the New Normal Era" Through Future Talk
On January 12th, LG Electronics (LG) held an LG Future Talk with the theme of "ONwards, Together" at CES 2021. CES 2021, an international electronic show on January 11-14, 2021 (PST), is held entirely digitally this year due to COVID-19. As the host of LG Future Talk, Dr. I.P. Park, LG Electronics President and Chief Technology Officer, introduced innovative products and new products, such as LG Electronics' CLOi robots and Smart Thermal Camera, in response to the pandemic. He unveiled a new report introducing the current development stages of artificial intelligence. Also, he led the event by highlighting the innovation that cooperates to lead the new normal era with the LG ThinQ application. Gary Shapiro, president and CEO of the Consumer Technology Association (CTA), David Rabie, CEO of Tovala, Jean-François Gagné, CEO of Element AI, and Dmitry Loschinin, executive vice president of DXC Technology and CEO of Luxoft, attended the Future Talk as panels to discuss future technology and vision. ▲ Dr. I.P. Park and Amy Aleha hosted the Future Talk. (LG Electronics) First, while the world is facing a pandemic, Dr. Park explained that practical technologies must support implementing solutions for continuous change in everyday life. He claimed that to lead the new normal era, which is rapidly changing at a scale and speed beyond imagination, LG will emphasize innovation to cooperate with platform competitiveness beyond boundaries even by joining hands with competitors and coming up with an open innovation strategy. Accordingly, Dr. Park showcased various LG CLOi robots, such as a delivery robot and sterilization robot using UV-C (Ultraviolet-C) lamps, and LG PuriCare Wearable Air Purifier, which is applied with air cleaning technology, and Smart Thermal Camera. Shapiro emphasized the importance of open partnerships to promote digital innovation and cited the "LG Innovation Council" as a prime example. The LG Innovation Council, which operates to discover future technologies and new business opportunities through various insights from an open innovation perspective, is chaired by Dr. Park and participated by 12 experts in each field such as artificial intelligence, big data, cloud, robot, and mobility. ▲ Shapiro pointed out the LG Innovation Council as a prime example for digital innovations. This open approach to innovation provides the basis for everything that LG is working towards, especially under its LG ThinQ brand, which encompasses its AI and IoT-enabled devices. Dr. Park outlined LG's plans to develop an ecosystem by connecting all products and services across categories, providing consumers with a fulfilling user experience and unsurpassed convenience. LG Electronics plans to expand the ecosystem of the LG ThinQ app by collaborating with Tovala, a smart oven and meal-kit company, and to create new customer value related to diet. When a customer scans the barcode written on the meal-kit package with the LG ThinQ app, the oven automatically sets the optimal cooking course. Pre-heating, cooking temperature, and time settings are not required, so it is convenient. Customers can also purchase Tovala's Meal-Kit from the LG ThinQ app. LG Electronics has cooperated with global food companies Nestle and Kraft-Heinz within this year so that customers can purchase foods using the LG ThinQ app. Dr. Park introduced a service that applies to install home appliances in different spaces with the LG ThinQ app through a partnership with HomeAdvisor, an American home services company. ▲ LG ThinQ app, an upgraded intelligent lifestyle platform, was unveiled. (LG Electronics) Last year, at CES 2020, LG Electronics announced artificial intelligence (AI) steps developed with Element AI, an artificial intelligence company. AI development consists of four stages; Efficiency, Personalization, Reasoning, and Exploration. This year, LG Electronics unveiled the "AIX Exchange", a report in the form of interactive content created with experts in various fields such as AI, robotics, consumer rights, and ethics. This report explains the future of AI as viewed by experts in each area and the role of AI development stages. Accordingly, Dr. Park introduced the "Vision Pack," which allows users to experience artificial intelligence in the stages of Personalization (stage 2) and Reasoning (stage 3). Vision Pack uses deep learning technology to understand the user and situation by putting visual intelligence that determines images into the product. For instance, by applying Vision Pack to the refrigerator, users can check the inside of the fridge outside the house and purchase only the necessary items. Also, it can recommend recipes according to the ingredients in the fridge and the users' preferences. LG Electronics also announced that Alluto, a joint venture established with Swiss-based global software company Luxoft, will be launched on the 27th of this month. Based on the webOS Auto platform, Alluto will introduce an integrated infotainment system for vehicles, including a head unit and a rear-seat entertainment system (RSE) to the market.
Seoul Semiconductor and Seoul Viosys Introduce Four Application Solutions Applied the World’s First LED Technologies at CES 2021
Seoul Semiconductor Co., Ltd. (“Seoul”) (KOSDAQ 046890) and Seoul Viosys (KOSDAQ: 092190), the leading global compound semiconductor providers, announced that they participate in the world’s largest consumer electronics trade show ‘All Digital CES 2021’ from January 11 to 14 (EST), and introduce four application solutions with the world’s first LED technologies. Under the theme of ‘Light Everywhere’ and the concept of ‘Light for every moment’, Seoul Semiconductor and Seoul Viosys introduce the 2nd generation LED technology which can be applied in applications including display, automobile, consumer electronics, lighting and more. Under the theme of ‘Light Everywhere’ and the concept of ‘Light for every moment’, Seoul Semiconductor and Seoul Viosys introduce the 2nd generation LED technology which can be applied in applications including display, automobile, consumer electronics, lighting and more. During this year’s CES, both companies introduce their world-first technologies. The core technology of miniLED and microLED display, Micro Clean Display and WICOP; a laser diode technology enabling safe autonomous driving, VCSEL (Vertical Cavity Surface Emitting Laser); SunLike with 3 USPs: Better Study – support for students’ learning and concentration; Better Eye – protection from myopia in children; Better Immunity – support for immune system boost; and a safe and new-concept UV LED technology enabling virus disinfection within a second, Violeds. This year’s CES will take place online. Seoul Semiconductor and Seoul Viosys will hold seminar sessions on both January 12th and 13th to introduce four application solutions, and they plan to exhibit the products to visitors via 1:1 Chat. Chung Hoon Lee, CEO of Seoul Semiconductor said “Seoul Semiconductor and Seoul Viosys are leading the compound semiconductor industry with the exclusive and innovative technologies. We are pleased to introduce our core LED technologies which will be applicable to the industries such as 5G, autonomous vehicle, smart home, digital health, well-being, and more at the All Digital CES.” He added, “I expect that both companies will enhance their recognition and position as the global leader of compound semiconductor companies on the occasion of CES.”
iMediSync debuts iSyncWave, a dedicated device for neuropsychiatric disorders, at CES 2021
iMediSync will showcase a groundbreaking EEG (electroencephalogram) brain mapping and LED-therapeutic device, iSyncWave™ at CES (Consumer Electronics Show) 2021. iSyncWave™ is a gel-free, portable EEG brain mapping device with LED photo-biomodulators. The device is especially designed for the early detection and supportive care of neuropsychiatric disorders such as dementia, Parkinson’s disease, TBI, PTSD, ADHD, depression, etc. iSyncWave™ will help neuropsychiatric patients to treat their illnesses at both clinics and homes. It will also allow for individuals to facilitate regular checkups to prevent degenerative neurological disorders. iSyncWave™ works with iSyncMe® – a mobile application that connects to iMediSync’s cloud platform, iSyncBrain®, the AI-driven EEG analysis platform for precision mental care. iSyncMe® also works as a telemedicine platform connecting iSyncWave™’s user to online doctors or mental care specialists. iMediSync has completed a basic framework for their virtual care platform by adding iSyncWave™ and iSyncMe® to their product line. An easy and time-saving EEG brain mapping and LED therapy device can be used not only in clinics but also at homes by individuals. This will enable healthcare providers to monitor their patients remotely, providing constant care that can be delivered at home. SeungWan Kang MD Ph.D, founder and CEO of iMediSync said “iSyncWave™ was created to provide an integrated service for both healthcare providers and individuals who want to understand their brain health with our comprehensive EEG analysis solution. At CES 2021, we look forward to meeting strategic partners who will pioneer the global market with iMediSync.” Visit www.imedisync.com for more information.
Rostec Starts Assembling the First Mi-171A3 Offshore Helicopter
Russian Helicopters holding company (part of Rostec State Corporation) has started assembling the first prototype of Mi-171A3 offshore helicopter. Equipment for assembling the fuselage was put into operation at the Ulan-Ude Aviation Plant. Mi-171A3 comes with several significant upgrades when compared to Mi-171A2: a new airframe that integrates a crash-resistant fuel system into the cargo bay floor and modernized avionics, upgraded for offshore operations and flights in the Arctic. The model also features widespread use of composite materials, which significantly reduce its weight. “The development of Mi-171A3 involves extensive cooperation between Rostec's enterprises. The nose part of the helicopter and side panels from polymer composite materials are manufactured at Progress Arsenyev Aviation Company, the cargo bay floor is manufactured by Kazan Helicopters. The new modification was designed for offshore operations in oil and gas enterprises, so it meets the strictest requirements in the field of flight safety and air navigation. We plan to obtain a type certificate and start serial production in 2022,” said the Industrial Director of the Aviation cluster of the Rostec State Corporation, Anatoly Serdyukov. Mi-171A3 offshore helicopter will meet the latest international safety requirements, including the international IOGP standard developed by oil companies for offshore operation of helicopters. “We have modernized our production process, allowing us to launch the assembly line for the new Mi-171A3 offshore helicopter. The equipment for the new helicopter was manufactured and installed using coordinate-measuring machines and laser trackers, which will significantly increase the quality and accuracy of the assembly. We are planning to present the first prototype at the MAKS-2021 air show,” said the Director General of Russian Helicopters holding company Andrey Boginsky.
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Hyperconnect launches SLIDE : a new global project in North America
[CES 2021] LG Emphasized "Needs to Innovate Beyond Boundaries Between Fields in the New Normal Era" Through Future Talk
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OFS Credit Company Provides December 2020 Net Asset Value Update
CHICAGO--(BUSINESS WIRE)--OFS Credit Company, Inc. (NASDAQ: OCCI) (“OFS Credit,” the “Company,” “we,” “us” or “our”), an investment company that primarily invests in collateralized loan obligation (“CLO”) equity and debt securities, today announced the following net asset value (“NAV”) estimate as of December 31, 2020. Management’s unaudited estimate of the range of our NAV per share of our common stock as of December 31, 2020 is between $13.44 and $13.54. This estimate is not a comprehensive statement of our financial condition or results for the month ended December 31, 2020. This estimate did not undergo the Company’s typical quarter-end financial closing procedures and was not approved by the Company’s board of directors. We advise you that our NAV per share for the quarter ended January 31, 2021, which will be reported on our Form N-PORT, may differ materially from this estimate. We believe that the COVID-19 pandemic presents material uncertainty and risks with respect to the underlying value of the Company’s investments, financial condition, results of operations and cash flows. Further, the operational and financial performance of the Company has been, and may continue to be, significantly impacted by the COVID-19 pandemic, which in turn has, and may continue to have, an impact the valuation of the Company’s investments. As a result, the fair value of the Company’s portfolio investments may be materially impacted after December 31, 2020 by circumstances and events that are not yet known. To the extent the Company’s portfolio investments are further adversely impacted by the effects of the COVID-19 pandemic, the Company may experience a material adverse impact on its future net investment income, the fair value of its portfolio investments, its financial condition and the financial condition of its portfolio investments. The preliminary financial data included in this press release has been prepared by, and is the responsibility of, OFS Credit’s management. KPMG LLP has not audited, reviewed, compiled, or applied agreed-upon procedures with respect to the preliminary financial data. Accordingly, KPMG LLP does not express an opinion or any other form of assurance with respect thereto. About OFS Credit Company, Inc. OFS Credit is a non-diversified, externally managed closed-end management investment company. The Company’s investment objective is to generate current income, with a secondary objective to generate capital appreciation primarily through investment in CLO debt and subordinated securities. The Company's investment activities are managed by OFS Capital Management, LLC, an investment adviser registered under the Investment Advisers Act of 19401, as amended, and headquartered in Chicago, Illinois with additional offices in New York and Los Angeles. Forward-Looking Statements Statements in this press release regarding management's future expectations, beliefs, intentions, goals, strategies, plans or prospects may constitute forward-looking statements. Forward-looking statements can be identified by terminology such as “anticipate,” “believe,” “could,” “could increase the likelihood,” “estimate,” “expect,” “intend,” “is planned,” “may,” “should,” “will,” “will enable,” “would be expected,” “look forward,” “may provide,” “would” or similar terms, variations of such terms or the negative of those terms. Such forward-looking statements involve known and unknown risks, uncertainties and other factors including those risks, uncertainties and factors referred to in documents that may be filed by OFS Credit from time to time with the Securities and Exchange Commission, as well as the impact of the global COVID-19 pandemic and significant market volatility on our business, our portfolio companies, our industry and the global economy. As a result of such risks, uncertainties and factors, actual results may differ materially from any future results, performance or achievements discussed in or implied by the forward-looking statements contained herein. OFS Credit is providing the information in this press release as of this date and assumes no obligations to update the information included in this press release or revise any forward-looking statements, whether as a result of new information, future events or otherwise. 1 Registration does not imply a certain level of skill or training Contacts INVESTOR RELATIONS:OFS Credit Company, Inc. Steve Altebrando, 646-652-8473 firstname.lastname@example.org MEDIA RELATIONS:Bill Mendel 212-397-1030 email@example.com
Air Lease Corporation Announces Pricing of Public Offering of $750.0 Million of 0.70% Senior Unsecured Medium-Term Notes
LOS ANGELES--(BUSINESS WIRE)--Air Lease Corporation (NYSE: AL) (the “Company”) announced the pricing on January 19, 2021 of its public offering of $750.0 million aggregate principal amount of 0.70% senior unsecured medium-term notes due February 15, 2024 (the “Notes”). The sale of the Notes is expected to close on January 26, 2021, subject to satisfaction of customary closing conditions. The Notes will mature on February 15, 2024 and will bear interest at a rate of 0.70% per annum, payable semi-annually in arrears on February 15 and August 15 of each year, commencing on August 15, 2021. The Company intends to use the net proceeds of the offering for general corporate purposes, which may include, among other things, the purchase of commercial aircraft and the repayment of existing indebtedness. Citigroup Global Markets Inc., Fifth Third Securities, Inc., Santander Investment Securities Inc. and SG Americas Securities, LLC are acting as joint book-running managers for the offering of the Notes. The Notes are being offered pursuant to the Company’s effective shelf registration statement, previously filed with the Securities and Exchange Commission (the “SEC”) on May 10, 2018, as amended by the Post-Effective Amendment No. 1, filed with the SEC on November 20, 2018. The offering of the Notes is being made only by means of the prospectus supplement dated November 20, 2018, supplementing the base prospectus dated November 20, 2018, as may be further supplemented by any free writing prospectus and/or pricing supplements the Company may file with the SEC. Before you invest, you should read the base prospectus, prospectus supplement and any other documents the Company may file with the SEC for more complete information about the Company and this offering. You may obtain these documents for free by visiting EDGAR on the SEC’s website at www.sec.gov. Alternatively, copies may be obtained from: (i) Citigroup Global Markets Inc. toll-free at 1 (800) 831-9146, (ii) Fifth Third Securities, Inc. by calling 1 (866) 531-5353, (iii) Santander Investment Securities Inc. toll-free at 1 (855) 403-3636 or (iv) 1 SG Americas Securities, LLC toll-free at 1 (855) 881-2108. This press release does not constitute an offer to sell or the solicitation of an offer to buy the Notes, nor shall there be any sale of the Notes in any state or other jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. Forward-Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements relating to the expected closing of the offering and the intended use of proceeds. Such statements are based on current expectations and projections about the Company’s future results, prospects and opportunities and are not guarantees of future performance. Such statements will not be updated unless required by law. Actual results and performance may differ materially from those expressed or forecasted in forward-looking statements due to a number of factors, including but not limited to, unexpected delays in the closing process for the Notes, unanticipated cash needs, and those risks detailed in the Company’s filings with the SEC, including the Company’s Annual Report on Form 10-K for the fiscal year ended December 31, 2019 and Quarterly Report on Form 10-Q for the fiscal quarter ended March 31, 2020. Contacts Investors: Mary Liz DePalma Vice President, Investor Relations Jason Arnold Assistant Vice President, Finance Phone: +1 310.553.0555 Email: firstname.lastname@example.org Media: Laura Woeste Senior Manager, Media and Investor Relations Ashley Arnold Manager, Media & Investor Relations Phone: +1 310.553.0555 Email: email@example.com
DJO® Acquires Trilliant Surgical
Acquisition furthers expansion into growing foot and ankle surgery market DALLAS--(BUSINESS WIRE)--DJO, LLC (DJO or the Company), a leading global provider of medical technologies to get and keep people moving, today announced the acquisition of Trilliant Surgical®, a national provider of foot and ankle orthopedic implants. The acquisition of Trilliant Surgical’s leading product technologies and clinical efficacy supports DJO’s focused expansion into the adjacent high-growth $1 billion US foot and ankle market. In addition to having a broad product portfolio that covers the full universe of foot recon/fixation procedures, Trilliant Surgical is the only provider of the novel Arsenal Foot Plating System™. With unique features designed for greater flexibility and speed of implant placement supporting ease of use, less waste and reduced OR time, Arsenal is poised to be a plating leader. “Trilliant’s market-leading portfolio of foot and ankle solutions complements our acquisition of the STAR™ system and creates a dedicated foot and ankle business that significantly expands our mission of Powering Motion,” said Brady Shirley, CEO of DJO. “We are committed to building our Reconstructive segment and believe that the foot and ankle space is a great fit for our focused innovation and solutions approach that has allowed DJO to be a growth leader in the upper extremity market for many years.” Among the factors driving the high-growth foot and ankle market are a rapidly growing elderly population, sports-related injuries, and the increasing prevalence of diabetes and related lower-extremity conditions. The Arsenal system addresses a number of mid- and hind-foot procedures and will be extended to ankle, with the potential to achieve significant additional penetration of medical procedures. “As a foot and ankle champion since 2007, we are excited to join the DJO family and expand Trilliant Surgical’s positive patient impact globally,” said Jon Olson, CEO of Trilliant Surgical. “DJO’s unparalleled commitment to new product development, their iconic brands and strong growth trajectory will accelerate Trilliant’s ability to grow, innovate and improve patient outcomes.” Total Ankle Replacement DJO’s expansion into foot and ankle surgery complements its strong position in Total Ankle Replacements; in 2020, DJO acquired the Scandinavian Total Ankle Replacement (STAR) System, which holds a leading position in the global ankle arthroplasty market. Ankle replacement surgeries have grown over the last decade, and according to Musculoskeletal Clinical Regulatory Advisors, as of February 2011 all public insurance programs, workers compensation and 92% of commercial insured patients have access to ankle replacement procedures when deemed medically necessary by a trained surgeon. 1 For more information, visit djoglobal.com/TrilliantSurgical Reference: SmartTrak® Foot & Ankle Reimbursement: https://app.smarttrak.com/markets/qs/fd52946dc2bd8b02ac1002535b62cf35 England & Company served as exclusive financial advisor to the sellers. About DJO® DJO, a subsidiary of Colfax Corporation (NYSE: CFX), is a leading developer and distributor of high-quality medical devices that provide proven solutions for musculoskeletal health, joint reconstruction, vascular health, and pain management. The Company’s extensive range of products and integrated technologies address the orthopedic continuum of care from performance and mobility to surgical intervention and post-operative rehabilitation; enabling people around the world to regain or maintain their natural motion. For additional information about DJO, please visit www.DJOGlobal.com. CAUTIONARY NOTE CONCERNING FORWARD LOOKING STATEMENTS This press release may contain forward-looking statements, including forward-looking statements within the meaning of the U.S. Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements concerning DJO’s plans, objectives, expectations and intentions and other statements that are not historical or current fact. Forward-looking statements are based on DJO’s current expectations and involve risks and uncertainties that could cause actual results to differ materially from those expressed or implied in such forward-looking statements. Factors that could cause DJO’s results to differ materially from current expectations include, but are not limited to, risks related to the impact of the COVID-19 global pandemic, including actions by governments, businesses and individuals in response to the situation, such as the scope and duration of the outbreak, the nature and effectiveness of government actions and restrictive measures implemented in response, material delays and cancellations of medical procedures, supply chain disruptions, the impact on creditworthiness and financial viability of customers, and other impacts on DJO’s business and ability to execute business continuity plans, and the other factors detailed in Colfax’s reports filed with the U.S. Securities and Exchange Commission (SEC), including its most recent Annual Report on Form 10-K and subsequent Quarterly Reports on Form 10-Q under the caption “Risk Factors,” as well as the other risks discussed in Colfax’s filings with the SEC. In addition, these statements are based on assumptions that are subject to change. This press release speaks only as of the date hereof. DJO disclaims any duty to update the information herein. Contacts Brittany Knudson Brittany.firstname.lastname@example.org
MOIDA Distributes Globally MELLISSOM's Mask Pack Certified by The Vegan Society
NAMYANGJU, South Korea--(BUSINESS WIRE)--#AmpouleMaskPack--MOIDA, a Korean distributor, will enter the vegan cosmetics market with ‘MELLISSOM,’ which is a cosmetics brand of its official partner, Ipia Cosmetic. MOIDA started exporting ‘Toning Up Ampoule Mask’ of MELLISSOM created using a material certified by The Vegan Society of the U.K. Toning Up Ampoule Mask is a ‘clean beauty’ product developed without any animal-derived ingredient or animal testing. This hypoallergenic-tested product has been created using plant ingredients and does not contain 20 substances that are harmful to the skin, which means it is safe for use on sensitive skin. In addition, a single sheet of mask pack contains a bottleful of the highly functional ampoule, keeping the skin smooth and moisturized. “With the variety of home care cosmetic products widening, consumers purchasing vegan mask packs are increasing. Mask packs must not only contain high-quality ingredients but also ensure that the ingredients are absorbed well into the skin,” said a MELLISSOM insider. “Toning Up Ampoule Mask is a highly functional vegan cosmetic product that contains Made White, a patented substance developed using plant ingredients. Made White activates the skin’s moisture channels to promote absorption of the ampoule into the skin and improve the skin’s natural strength.” Contacts MOIDA Sung-min Kim +82-31-595-4615 email@example.com
LabMinds Successfully Receives Approval for Use in a GMP Certified Laboratory.
BOSTON--(BUSINESS WIRE)--#cloudconnected--LabMinds®, Inc., a pioneer in automation for solution preparation in life sciences, today announced that the Revo has been approved for use in a Good Manufacturing Practice (GMP) certified laboratory in a Top 10 Pharmaceutical company. LabMinds is an internationally recognized, award-winning robotics company in the pharmaceutical industry. This approval follows a 12-month product development collaboration with a European based pharmaceutical leader. GMP certification was achieved through a series of rigorous process reviews and upgrades. This GMP designation demonstrates that the Revo fulfills the high degree of quality, traceability, documentation and consistency required by the pharmaceutical industry. “On behalf of the LabMinds team, I would like to thank everyone involved in this GMP product development project. This represents a significant milestone in our commercial growth plans to bring new products and services to market,” says Jeff Caputo, President and CEO of LabMinds. “Our customers clearly want to leverage the benefits of our Revo technology in their regulated laboratories. We look forward to launching our GMP product offering globally this year.” About LabMinds Inc. LabMinds is the leader in AI and robotics for solution preparation in pharmaceutical and life science labs. A cornerstone of R&D and QA/QC processes, solution preparation continues to be a highly manual process with many moving parts, exposing labs to considerable risk and inevitable waste. LabMinds’ platform addresses these challenges with powerful AI software combined with state-of-the-art robotics to safeguard against tainted inputs, enable near-perfect accuracy, and attain unmatched control. Further, labs in the LabMinds network contribute to, and benefit from, the collection of input and sensor data throughout the solution prep process; it’s never been easier to gain detailed insight into how chemicals interact with each other. By implementing more security and order, and leveraging the power of big data, LabMinds moves ever closer to achieving its mission to enable scientists and businesses to build and optimize labs, to bring meaningful therapies to market sooner. Contacts Anita Santos, Vice President of Marketing at LabMinds Inc., firstname.lastname@example.org