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mPhase Technologies Inc. Announces $3 Million Financing

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– Funds Expected to Accelerate the Company’s Near-Term Growth Initiatives

Gaithersburg, MD, May 11, 2021 (GLOBE NEWSWIRE) — mPhase Technologies, Inc. (OTC: XDSL) (“mPhase” or the “Company”), a leading technology driven development company that creates and commercializes solutions that impact everyday people, today announced it has entered into a Securities Purchase Agreement with two accredited investors raising over $3 million for the company.

Per the terms of the agreement, the capital was raised via a convertible promissory note with a fixed conversion price of $0.20 per share with two new accredited investors. The note matures on May 5, 2022 and bears interest at the rate of 5% per annum. Full terms of the note are available in the Company’s Form 8-K dated May 11, 2021 as filed with the SEC.

Anshu Bhatnagar, Chief Executive Officer of mPhase commented, “The investors who participated in this round are our first institutional investors. The note was specifically crafted so that it should not, in our view, impede a future listing to a national securities exchange. The note includes provisions for a forced conversion upon a Qualified Uplist with up to 90% of the related shares subject to a 180-day lock up period after the Company’s listing on a national exchange. We are very pleased to have our first strategic institutional investors as we embark on what we believe will be a transformative growth stage for our company.

The additional capital will ensure a rapid start to the current multi-year plan, which includes creating a consumer engagement ecosystem that is gaining traction with potential partners in retail, transportation and government.”

About mPhase Technologies

mPhase is a technology driven, innovative development company that creates and commercializes products and applications that impact everyday people. The Company is assembling industry-leading teams specializing in artificial intelligence, machine learning, software, consumer engagement, and other advanced technologies. Additional information can be found at the mPhase website, www.mphasetech.com. Please follow us on twitter: @mPhase_Tech for the latest updates.

Safe Harbor Statement

This press release contains certain forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. These statements are identified by the use of the words “could,” “believe,” “anticipate,” “intend,” “estimate,” “expect,” “may,” “continue,” “predict,” “potential,” “project” and similar expressions that are intended to identify forward-looking statements. All forward-looking statements speak only as of the date of this press release. You should not place undue reliance on these forward-looking statements. Although we believe that our plans, objectives, expectations and intentions reflected in or suggested by the forward-looking statements are reasonable, we can give no assurance that these plans, objectives, expectations or intentions will be achieved. Forward-looking statements involve significant risks and uncertainties (some of which are beyond our control) and assumptions that could cause actual results to differ materially from historical experience and present expectations or projections. Actual results to differ materially from those in the forward-looking statements and the trading price for our common stock may fluctuate significantly. Forward-looking statements also are affected by the risk factors described in the Company’s filings with the U.S. Securities and Exchange Commission. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events.

Company Contact
301-329-2700
info@mPhaseTech.com

Investor Contact
Brian M. Prenoveau, CFA
MZ Group – MZ North America
561-489-5315
XDSL@mzgroup.us
www.mzgroup.us

AI Fintech Firm Riskfuel Expands into Insurance Space

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TORONTO, May 11, 2021 (GLOBE NEWSWIRE) — Riskfuel has been selected to take part in gener8tor’s OnRamp Insurance Accelerator in partnership with Allianz Life and Securian Financial. Riskfuel is one of five startups chosen from over 500 applicants to participate in gener8tor’s three-month, concierge accelerator program. The exclusive program offers startups financing and exposure to global innovative insurance firms.

“We are thrilled to join the OnRamp Accelerator program,” says Ivan Sergienko, Chief Product Officer at Riskfuel. “There is no better way for Riskfuel to learn how to tailor our products to serve the insurance industry than by working together with the teams at Securian Financial and Allianz Life.”

Riskfuel employs artificial intelligence techniques to produce ultra-fast versions of the proprietary software that banks and insurance companies use to value and risk manage their portfolios of financial instruments, delivering both new business opportunities and significant reductions in operating costs. In collaboration with Microsoft and Scotiabank, Riskfuel’s technology was shown to accelerate production workloads by more than 20 million times.

“Firms must run these slow computational models hundreds of millions of times per day, so they incur huge compute costs,” explains Riskfuel CEO Ryan Ferguson. “And by accelerating their models a million-fold, Riskfuel saves them tons of money, which they can put towards building new tools or innovating new products.”

Over recent months, the Toronto-based Riskfuel has attracted several global industry awards for its technology. Riskfuel was awarded Best Sell-Side Newcomer – Trading, Pricing and Analytics by leading financial market technology information provider WatersTechnology, and Innovator of the Year by the Futures Industry Association (FIA). Additionally, a project with Scotiabank was awarded Technology Innovation of the Year by top capital markets publication Risk.net.

Ferguson sees the expansion into insurance as a natural step for Riskfuel. “The models used in the insurance industry are very similar to ones we have already had great success in accelerating for capital markets use cases. Additionally, with the looming accounting changes, such as IFRS17, insurance companies are looking for ways to manage their increasing computational requirements.”

About the OnRamp Insurance Accelerator:

Each year, the OnRamp Insurance Accelerator, with Allianz Life and Securian Financial, invests in five insurtech startups who participate in a three-month, concierge accelerator program in Minneapolis-St. Paul. Each startup receives a cash investment of $100,000, mentorship from teams within Securian Financial and Allianz Life, and access to gener8tor’s global network of mentors and investors.

Learn more at www.OnRampInsurance.com.

About Riskfuel:

Riskfuel builds AI solutions to accelerate valuation and risk sensitivity calculations. Founded in 2019 by capital markets experts, the company provides valuation solutions to banks and insurance companies in North America and Europe with use cases covering XVA, Risk, and Front Office analytics.

For more information about Riskfuel, visit our website or connect with us on LinkedIn.


InveniAI Appoints Industry Leader Dr. Salvatore Alesci as Chief Scientific Officer to Advance AI-Powered Portfolio of Assets Targeting Dysregulation of the Gut-Brain Axis

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  • Pipeline to include new chemical entities as well as re-innovated drugs, all targeting dysregulation of the gut-brain axis and inflammasome pathways for chronic inflammatory diseases
  • Dr. Alesci’s proven track record in optimizing early-stage drug development of multiple programs in various therapeutic areas will be key as the company leverages its AI-platform to advance and diversify its portfolio

GUILFORD, Conn., May 11, 2021 (GLOBE NEWSWIRE) — InveniAI® LLC, a global leader in pioneering the application of artificial intelligence (AI) and machine learning (ML) to transform innovation across drug discovery and development, announced today the appointment of Salvatore (Salvo) Alesci, M.D., Ph.D., as its Chief Scientific Officer. Dr. Alesci, a physician-scientist, R&D strategist, and science policy influencer with expertise in translational medicine, will be responsible for advancing programs from IND-enabling to human proof-of-concept studies and working with the leadership team on scientific and business strategies. The company’s AI-driven pipeline currently has three programs prioritized for development that address the intersection of the Gut-Brain Axis (GBA) and chronic inflammatory diseases of the gastrointestinal (GI) tract.

For every ten adults in the world, four suffer from functional GI disorders of varying severity. Two-thirds of these people will have chronic, fluctuating symptoms1. While the pathophysiology of functional GI disorders is multifaceted, it is known that bidirectional dysregulation of the GBA, including altered mucosal immune function, visceral hypersensitivity, and abnormal gastrointestinal motility plays a key role in these disorders1. InveniAI harnesses its AI platform AlphaMeld® to deconvolute the complex network of GBA pathways and generate hypotheses across the entire spectrum of pathophysiological processes involved in inflammatory gut diseases, from induction to early mucosal damage and fibrosis. AlphaMeld® has already helped identify drug candidates with demonstrated safety. Initial programs will target the potential treatment of irritable bowel syndrome (IBS), inflammatory bowel disease (IBD), and rare gastrointestinal disorders, with the first NDA filing projected for 2025.

Dr. Krishnan Nandabalan, Ph.D., Founder, President, and CEO, InveniAI, said, “I’m delighted to have Salvo join the InveniAI team during this next phase of growth. I’m looking forward to working closely with him as we rapidly advance our portfolio of therapies for chronic inflammatory GI-diseases, with plans to scale these efforts in the near term. As a highly accomplished and proven leader, Salvo brings with him a breadth of knowledge in running drug discovery programs at the pre-clinical and clinical level and is a proponent of innovative approaches to biopharmaceutical discovery and development.”

“InveniAI’s vision of leveraging AI to deconvolute and de-risk drug discovery and development is particularly exciting to me, as I strive to progress and bring novel medicines to patients in need,” said Salvatore Alesci, M.D., Ph.D. CSO, InveniAI “I’m thrilled to join an outstanding team in deploying cutting-edge AI-technology to decode the GBA and address a multitude of highly debilitating chronic diseases, such as IBS and IBD, that remain without optimal therapeutic options,” he added.

Dr. Alesci is a highly regarded healthcare executive with over two decades of experience spanning multiple scientific leadership roles in the government, pharmaceutical and non-profit sectors. He currently serves as Chief Scientist and Strategy Officer for Beyond Celiac – the leading science-driven patient advocacy organization in the U.S. focused on accelerating the development of treatments and a cure for celiac disease, a condition that among others affects his daughter, which has been an important driver of his interest in the GBA. Dr. Alesci was most recently V.P. and Head of R&D Global Patient and Scientific Affairs at Takeda Pharmaceuticals, where he enabled effective partnering between the company and patients organizations throughout the drug life-cycle, ensuring early and continued access to medicines. He has served in several Translational Medicine leadership roles at Wyeth, Pfizer, and Merck, overseeing large and diverse drug portfolios spanning multiple therapeutic areas, including musculoskeletal biology, immunology, and rheumatology. Dr. Alesci received his M.D. (cum laude) and a Ph.D. in Experimental Endocrine and Metabolic Sciences from the University of Messina, School of Medicine (Italy) and completed a Research Fellowship in Rheumatology, Immunology, and Allergy at Georgetown University. After his postgraduate training, Dr. Alesci spent almost a decade conducting cutting-edge basic and translational research on the interplay between the neuroendocrine and immune systems at the National Institutes of Health (NIH). He has published extensively and received multiple recognitions for his research excellence, including two Special Acts of Service Awards by the U.S. Department of Health and Human Services.

About AlphaMeld®
AlphaMeld® is an AI-based platform powered by machine learning algorithms. The platform accelerates innovation by identifying alpha signals for targets, drugs, and healthcare products and technologies. Primed with data sets that have been cleaned, curated, and connected for over a decade, the platform generates testable hypotheses based on an ideal mode of pharmacotherapy (antibody, protein replacement, siRNA, mRNA, small molecule, cell and gene therapy, and gene-editing modalities), disease severity, gene ontology, disease pathways, proteinopathies, standard of care, emerging innovation, and enabling technologies while factoring in medical, scientific, strategic, and commercial considerations. AlphaMeld® operates in real-time and in a rapidly changing and diverse data environment.

About InveniAI®
InveniAI® LLC, based in Guilford, Conn., is a global leader pioneering the application of artificial intelligence (AI) and machine learning (ML) to transform innovation across drug discovery and development by identifying and accelerating transformative therapies for diseases with unmet medical needs. The company leverages, AlphaMeld®, an AI- and ML-powered platform, to harness petabytes of disparate data sets to recognize and unlock value for drug discovery and development. Numerous industry collaborations in Big Pharma, Specialty Pharma, Biotech, and Consumer Healthcare showcase the value of leveraging our technology to meld human experience and expertise with the power of machines to augment R&D decision-making across all major therapeutic areas. The company leverages AlphaMeld® to augment and accelerate drug discovery programs for our industry partners. For more information, please visit www.inveniai.com.

References:
1. Functional gastrointestinal disorders: advances in understanding and management
https://www.thelancet.com/journals/lancet/article/PIIS0140-6736(20)32115-2/fulltext 

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/b3baacb2-132d-4ead-b7d0-c935c0ec6745

Contact
Anita Ganjoo
InveniAI LLC
Corporate Communications
T: +1 203 643 8041
E-mail: aganjoo@inveniai.com 

Bridge Monitoring System Market is anticipated to grow around 13% annually through the period of 2021 to 2031 – Persistence Market Research

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Governments of different countries are focusing on sustainability of structures and spending millions of dollars on bridge monitoring systems. Thus, high capital investments in bridge monitoring systems by governments is anticipated to be a major factor driving market growth over the coming years.

Due to loss of lives and capital from catastrophic failure of infrastructure in recent years, high capital investment in structural health monitoring is resulting in superior benefits for transportation. Costly repairs and minimizing downtime for the lifetime of a new bridge can be avoided with the help of one-time high capital investment in structural health monitoring across various industries.

The global bridge monitoring system market is anticipated to grow around 13% annually through the period of 2021 to 2031, as there has been an increase in high capital investments in bridge monitoring systems in the past years.

Key Takeaways from Market Study

  • Several infrastructural companies and governments are adopting bridge monitoring technologies to reduce expenses involved in dealing with infrastructural repairs, and this is creating new opportunities for vendors.
  • Easy accessibility and maintenance through wireless technology and wide availability of software after deployment over cloud are expected to support growth of the wireless segment throughout the forecast period.
  • The United States was the dominant country in 2020 in terms of value for bridge monitoring systems. Over the coming years, the United Kingdom is expected to be one of the key markets for sustainable revenue generation from bridge monitoring systems, owing to increasing adoption of advanced and wireless technologies in this country.
  • The European region is expected to remain a key market for bridge monitoring systems and solutions, as increasing investments in smart city development in the region is anticipated to create lucrative opportunities for stakeholders.

Request for sample PDF of report: https://www.persistencemarketresearch.com/samples/24487

“Many key players are focusing on developing cost-efficient bridge monitoring solutions in which electrical, magnetic, thermal, and other physical variables, chemical variables, and several technologies are integrated to offer more accurate results, which is likely to increase adoption of integrated bridge monitoring systems,” says a Persistence Market Research analyst.

COVID-19 Pandemic Impact Analysis

The bridge monitoring system market experienced a decline in growth in the first three quarters of 2020, owing to the severe impact on the construction industry during the COVID-19 pandemic outbreak. Depending on the severity of the public health crisis, as well as the timing and strictness of confinement measures, lockdowns impacting the construction sector have varied widely by location and project type, and containment measures involved total or partial shutdowns of construction sites.

Know the methodology of report by asking an expert: https://www.persistencemarketresearch.com/ask-an-expert/24487

Companies providing bridge monitoring systems have witnessed decrease in demand for monitoring devices due to the COVID-19 pandemic. Major companies operating in the market have been negatively impacted during the first half of 2020.However, the trend toward the automation of processes along with remote working solutions has been increasing since the start of 2021.Standardization and automation of maintenance and repair is expected to increase gradually. Thus, the market is anticipated to gain back its momentum by the second half of 2021.

Get full access of report: https://www.persistencemarketresearch.com/checkout/24487 

Find More Valuable Insights

Persistence Market Research puts forward an unbiased analysis of the global market for bridge monitoring systems, providing historical demand data (2016-2020) and forecast statistics for the period 2021-2031. To understand the opportunities in the market,it has segmented on the basis of component (hardware, structural health monitoring software, and services), technology (wired and wireless), and application (railway bridges and road bridges/overpasses), across seven major regions of the world.

Browse Research Release at: https://www.persistencemarketresearch.com/market-reports.asp

Browse End-to-end Market: IT and Telecommunication

Related Reports:

WIMI Hologram Cloud Builds a 5G Remote Communication Holographic Cloud Ecosystem, While VR and AR Will Be Applied to Apple Conference

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HONG KONG, May 11, 2021 (GLOBE NEWSWIRE) — Tailor Insight, the fintech market research organization, recently released a research report “The VR/AR was applied to the Apple conference, and WIMI Hologram Cloud builds a 5G remote communication holographic cloud ecosystem”. On April 21, Beijing time, the US technology giant Apple held a spring conference and released anti-lost tags AirTag, new iMac, new iPad, and other products. In addition, Apple also announced that it will implement a paid subscription model for Podcasts in its App Store. At the same time, users can also get an ad-free listening experience by paying creators.

It is worth noting that an AR Easter egg was attached to the website page of the conference. When you visit the event website with your iPhone or iPad, you can see an AR version of the color logo. If you turn on the camera and move your phone, you will see a virtual moving screen of the logo. Besides, there are media reports that Apple may release an AR headset at the Worldwide Developer Conference (WWDC 2021) held on June 8, Beijing time.

AR can be expected in the future

XR products have opened the next imagination of consumer electronics. According to the forecast of IDC, global VR products will grow by about 46.2% year-on-year in 2021, and the compound growth rate from 2020 to 2024 will be about 48%. In 2025, global AR equipment shipments will reach 24.4 million units (the total shipment of global VR/AR in 2020 was only 5.84 million units). Strategy Analytics predicts that the total shipment of XR will increase 6 times by 2025, and the revenue of XR hardware will exceed $28 billion in 2025.

On the evening of April 5th, Beijing time, Apple CEO Tim Cook said in an interview with the media that AR is “critical” to Apple’s future. He took interview conversations as an example, thinking that AR can provide graphs to help explain and effectively improve conversation efficiency. In addition, he mentioned that AR has mobile-related applications in health care, education, gaming, and retail, and the prospect is bright. Tianfeng International analyst Ming-Chi Guo said in a research report released on March 8 that Apple’s history of success is essentially the history of the development of innovative human-machine interfaces for consumer electronic products. It is predicted that MR/AR is the next key technology of innovative human-machine interface to define the electronic product. This is also the reason why Apple has invested heavily in MR/AR. However, instead of being exposed to the vision of the mass, Apple’s AR device only can be heard of its information. In the latest interview, Cook did not give much explanation for the term “Glow and Behold” in the WWDC 2021 invitation letter.

At present, mainstream VR head-mounted display equipment providers include Facebook’s Oculus, Sony, HTC International, and Microsoft. At the end of March, the US Army announced that it had awarded Microsoft a $21.9 billion contract to provide the military with at least 120,000 AR equipment. The Xinhua News Agency said that after receiving the contract, Microsoft will produce holographic glasses based on HoloLens for soldiers to fight and exercise in a unified system. Prior to this, Microsoft supplied the US military with integrated visual augmentation system (IVAS) model products which $418 million in 2018.

AR image augmented reality (Augment Reality) is the intersection of artificial intelligence and human-computer interaction. It is a technology that calculates the position and angle affected by the camera in real-time and adds corresponding images, videos, and 3D models. It is the technology that organically integrates the real world and the virtual world information. AR superimposes physical information (mainly including visual and auditory information) that is difficult to experience in a certain time and space in the real world through computer simulation and then superimposes, applying virtual information to the real world. After that, these can be perceived by the human senses to achieve a sensory experience that transcends reality.

Compared with VR, AR emphasizes more on the information added in real scenes. The viewing screen is different from VR’s fully enclosed helmet devices, mainly including transparent reality headsets, mobile phones, and handheld projections. At present, the main application areas are industry, commerce, and games, such as AR navigation.

AR/VR applications are the core applications of vertical industries. The immersive experience and interactive experience have enabled AR/VR applications to be widely promoted in the early stage of 5G network construction.

AR/VR is a product of the integration of next-generation information technologies such as near-eye reality, perception interaction, rendering processing, network transmission, and content production. Under the new situation, high-quality AR/VR services have gradually increased requirements for bandwidth and delay. Meanwhile, the rate has gradually increased from 25Mbps to 3.5Gbps, and the delay is reduced from 30ms to less than 5ms.

In this context, continuous innovation in the AR field has triggered the adoption of this technology in several industries and industry verticals and is driving the market growth. For example, the AR smart glasses market is accelerating, from a niche product to a solver of industrial and corporate problems, and rapidly expanding to the consumer market. The main participants in this industry include Google, Microsoft, Facebook, Magic Leap, and WIMI Hologram Cloud.

As a holographic AR company listed on NASDAQ, WIMI Hologram Cloud has once again attracted the attention of the public. WIMI utilizes its strong technical capabilities and infrastructure to provide excellent products and services. WIMI has won the bid for China Mobile and the second phase of the holographic remote interaction of the media cloud platform, and it is redefining China Mobile’s communication method through “5G + holographic remote”. Its core business is holographic AR technology for software engineering, media manufacturing services, cloud, and big data.

WIMI was founded in 2015, and it focuses on holographic cloud services, mainly in vehicle-mounted AR holographic HUD, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation, and other professional fields, covering multiple links of AR technology, including holographic vehicle-mounted AR technology, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication, and so on. It is a holographic cloud comprehensive technical solution provider. In terms of smart technology, LiDAR is the technological equivalent of a set of eyes. With the rapid development of intelligent robots, autonomous vehicles, autonomous drones, medical imaging, Internet of Things, and other industries, LiDAR’s market scale should grow exponentially in the future. To better meet its customers’ needs, WIMI plans to launch its WiMiHoloPulse LiDAR products in three phases. WIMI plans for WiMiHoloPulse LiDAR to be a small-sized, light weight, and multi-functional holographic pulse LiDAR sensor with a long detection range, wide field of view, and unique scanning pattern. WIMI also plans for WiMiHoloPulse LiDAR to come with its own point cloud interface and to not require an additional adapter for connection when under operation. The WiMiHoloPulse LiDAR solution will offer a software development kit along with its hardware product. This kit will feature such functionalities as, target detection, categorization, and measurement. WIMI will integrate software recognition algorithms into WiMiHoloPulse LiDAR to provide solutions across various industries, including autonomous driving, environmental perception, 3D holographic imaging, advanced driver assistance systems (ADAS), traffic management, and 3D printing, which will help to rapidly expand the market for holographic technology applications.

As the 5G holographic communication network bandwidth conditions change, the 5G holographic application market will usher in an explosion. High-end applications such as holographic interactive entertainment and holographic conferences will gradually become popular in holographic social, holographic communication, holographic navigation, and holographic home applications. WIMI Hologram Cloud plans to use holographic AI face recognition technology and holographic AI face-changing technology as its core technologies. Moreover, it will use multiple technologically innovative systems to support holographic cloud platform services and 5G communication holographic applications.

5G’s unique MEC edge-to-computing technology is the key to ensuring low latency. It can fundamentally break through the VR/AR localization and realize VR/AR cloud services. Meanwhile, it can provide users with the real-time interactive experience in large-scale variety shows, sports events, and other programs experience and enhance the real immersion of VR.

With the development of cloud VR technology, lightweight head-mounted display devices are expected to be rapidly developed and popularized. The mobility demand for VR technology will increase immediately, and the demand for 5G technology will continue to increase.

At present, VR has been widely used in industries such as real estate, exhibitions, games, and entertainment. With the arrival of 5G, VR is expected to be applied to more business scenarios. The application of VR in the media field will also be further explored. The main business scenarios include live broadcast, news, film and television, marketing, social networking, etc. With the advent of 5G commercial use, the VR industry is entering a stage of rapid development and is expected to become an important force to lead a new round of global industrial revolution.

About Tailor Insight

Tailor Insight provides easy and quick solutions that allow customers to capture, monitor, and audit market data from a holistic view down to an individual task on market research and industry trend insights. For more information, please visit http://www.TailorInsight.com

Media contact

Alex Xie, Senior Analyst

Fintech Research Team, Tailor Insight Research

info@TailorInsight.com

http://www.TailorInsight.com

RTI Announces the First Software Framework Designed for Widely Distributed Autonomous Systems

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SUNNYVALE, Calif., May 11, 2021 (GLOBE NEWSWIRE) — Real-Time Innovations (RTI), the largest software framework company for autonomous systems, today announced the latest version of its industry-leading software framework, RTI Connext®. Connext 6.1 is the first software framework designed to address the development and deployment challenges faced by companies building remotely-operated autonomous systems.

Autonomous systems must operate in inaccessible, remote, or hazardous environments. Examples include underwater drones, remotely-accessible medical devices, space systems, and construction and mining robots. Since artificial intelligence cannot handle all situations, these applications must use remote operators to supervise and intervene in difficult scenarios.

Connectivity for distributed control is extremely challenging. Applications require high reliability and real-time performance even though connectivity in these inhospitable environments is often unreliable and low bandwidth. Depending on the operator’s proximity, communication may also span local, wide area, public and private networks.

Connext 6.1 introduces features to enable easy real-time remote operation over any network. For instance, if the network connection changes as the system moves, connectivity is seamless without reconnecting, secure without renegotiating, and reliable without losing information. Thus, remote operations can continue in real time without interruption.

Enterprise networking assumes reliable, stable connections and latency insensitivity. Unlike other distributed software frameworks for the enterprise, Connext 6.1 supports and optimizes fast communications across highly variable local (LAN) and wide-area networks (WAN). Moreover, Connext 6.1 does not require software changes to support diverse network types. Its Application Programming Interfaces (API) abstracts the underlying networks, allowing developers to target any environment. Connext 6.1 offers the first practical design for control of remote autonomous systems.

“To empower innovation and accelerate value delivery to our global customers, we are developing a mining technology ecosystem supported by a platform on RTI Connext DDS,” said Anthony Reid, Director of Platforms and Applications at Komatsu. “With RTI Connext DDS, we’re able to connect data from all different types of machines, mining processes, systems, and third-party applications while leveraging edge and cloud computing to enable interoperability, autonomy, and optimization. The Real-Time WAN Transport and Cloud Discovery Service in Connext 6.1 help us to overcome technical hurdles while simplifying our software architecture.”

Connect Geographically-Distributed Systems
New capabilities in Connext 6.1 that ease the development and deployment of geographically distributed systems include:

  • Real-Time WAN Transport provides reliable, low latency and secure communication over lossy, low bandwidth, and public networks. It supports Network Address Translation (NAT) traversal and mobile applications with changing Internet addresses.
  • Cloud Discovery Service simplifies deployment of dynamic systems in which applications, assets, and their network addresses may not be known at configuration time. It provides a means for applications to discover each other and directly communicate, peer-to-peer. This minimizes latency and maximizes throughput. It is far superior to traditional centralized broker solutions.
  • Built-in data compression improves efficiency over bandwidth-constrained networks. Compression maximizes bandwidth use, lowering overhead and latency while increasing throughput. A choice of compression algorithms and levels allows optimization of processor versus network utilization for different payload types.

“The WAN Transport feature is one of the fastest and easiest ways to achieve peer-to-peer UDP WAN communication, especially for projects already using RTI Connext DDS, but also for those using other middleware or even starting from scratch,” said Charles Cross, Co-founder and CTO at Mission Robotics. “At Mission Robotics, we were able to create a proof of concept from scratch that allowed us to remotely control and monitor a robot over the internet in only three hours. Considering the time and resources that would have gone into this effort otherwise, this is an absolute game changer.”

“Space exploration opens new domains in science and technology, often leading the way for earthbound advances. For example, robots are essential for exploration, and will be used for complex operations such as building and maintaining infrastructure in space. Although autonomy is developing quickly, it’s not enough alone. These systems must combine human and machine intelligence. That allows robots to act as ‘avatars’ for the human: the humans handle direction and complex situations, but the robots are smart enough to carry out the actual operation,” said Dr. Thomas Krueger, Human Robot Interaction Laboratory, European Space Agency. “This type of cooperative remote guidance is critical for all intelligent systems, including those on earth. It’s not simple; guiding a semi-autonomous system from a distance over an unreliable network doesn’t work with enterprise networking technologies. RTI Connext 6.1, with the new Real-Time WAN transport, optimizes speed and repairs lost packets, letting us reliably control our system from orbit despite the inherent latencies. RTW will enable connected transportation and other autonomous systems to function. It is fundamental for efficient, scalable, and secure teleoperation.”

Efficiently Develop Large-Scale and Heterogeneous Systems
In addition to its support for complex networking environments, new features in Connext 6.1 facilitate the development of any large-scale and heterogeneous distributed system.

  • Support for .NET Core 5 lets developers use C# and run their applications on any platform that supports .NET Standard 2.0. In addition to Windows, this includes Linux, macOS and the Unity game engine.
  • A new System Designer tool provides a graphical way to easily and intuitively specify the configuration and interfaces in a Connext-based system. This helps ensure that applications adhere to a common architecture and can interoperate in a plug-and-play manner.
  • Administration Console includes enhanced graphical views to make it easier to visualize the components of live large-scale systems and their interconnectivity. This allows OEMs and systems integrators to better observe behavior during test and deployment, and to more quickly identify configuration or network problems.

“Innovations in autonomy are accelerating at an unparalleled pace. As systems become more connected, intelligent and mobile, the challenges surrounding development and security remain highly complex,” said David Barnett, Vice President of Products and Markets at RTI. “RTI has always been dedicated to helping our customers solve the unique obstacles that go along with developing autonomous systems, and with the latest update to our Connext product, we are proud to provide our customers with the foundational software for their remotely-operated autonomous systems. From mission-critical medical devices to underwater drones and mining robots, it is our customers’ cutting-edge technology that is going to change the world for the better. We are honored to be a part of the journey.”
  
Packaging and Availability
For pricing and licensing, please contact sales@rti.com.

For more information on Connext 6.1 and a full list of new features, please visit: https://www.rti.com/products/connext-6-1. RTI customers can also access additional training on what’s new in Connext 6.1 via RTI Academy.

About RTI
Real-Time Innovations (RTI) is the largest software framework company for autonomous systems. RTI Connext is the world’s leading architecture for developing intelligent distributed systems. Uniquely, Connext shares data directly, connecting AI algorithms to real-time networks of devices to build autonomous systems.

RTI is the best in the world at ensuring our customers’ success in deploying production systems. With over 1,700 designs, RTI software runs over 250 autonomous vehicle programs, controls the largest power plants in North America, coordinates combat management on U.S. Navy ships, drives a new generation of medical robotics, enables flying cars, and provides 24/7 intelligence for hospital and emergency medicine. RTI runs a smarter world.

RTI is the leading vendor of products compliant with the Object Management Group® (OMG®) Data Distribution Service™ (DDS) standard. RTI is privately held and headquartered in Sunnyvale, California with regional offices in Colorado, Spain and Singapore.

Media Contacts:
Madeline Kalicka
Karbo Communications for RTI
240-427-8961
RTI@karbocom.com

Cameron Emery
Director of Corporate Communications, RTI
cameron@rti.com

Lifesprk And Tealwood Senior Living Seize Opportunity To Provide Markedly Different Senior Living Experience Under Lifesprk Senior Living

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Lifesprk, leader in whole person senior services, and Tealwood Senior Living, leaders in senior living management, have partnered to bring 35 senior living properties across multiple states under Lifesprk Senior Living.

“The current senior housing market, accelerated by the pandemic, created significant opportunity to provide a markedly different approach to senior living,” said Joel Theisen, RN, BSN, Lifesprk CEO. “Both Lifesprk and Tealwood are well-positioned to seize that opportunity by joining forces to serve seniors more fully, connecting them to everything they need in one system to age magnificently and transform the way people experience senior living right now.”

Howie Groff, President of Tealwood Senior Living shared that Tealwood’s strength has been operating a strong suite of senior living options with a holistic approach. “For years, we’ve been excited about the opportunities for innovation with predictive medicine and integrating value-based models,” said Groff. “The timing was right to build off our strong foundation and bridge the technology – Artificial Intelligence (AI) and machine learning – with community-based services to drive highly customized client-centered experiences within senior housing. Together with Lifesprk, we are able to tap into this powerful platform and improve the senior living experience.”

“This is a fundamental shift in how a wellness experience can be delivered where people live,” explained Theisen. “Change is needed. There’s a lot of pressure being placed on occupancy and at the same time, workforce availability is unable to keep pace.” According to data from the National Investment Center for Seniors Housing & Care (NIC) and Minnesota State Demographer, there has been a 6.8% drop in senior housing occupancy over the past 10 years which began long before the pandemic and an anticipated 46% drop in labor needed to support a growing aging population.

“Instead of addressing myopic, acute needs, we can partner to broaden our capabilities bringing the clinic to them including acute care at home and integrating holistic approaches in a way that’s never been done before. Together, we are combining reimbursement opportunities that create better life experiences with a focus on home, housing, and wellness, not one or the other.”

Tapping Expertise of Dr. Bill Thomas

Dr. Bill Thomas, internationally renowned geriatrician and Lifesprk’s Independence Officer is a key architect in designing the holistic model that will deliver this new experience under Lifesprk Senior Living. Dr. Thomas is also the founder of The Green House Project and Eden Alternative whose efforts respectively focused on partnering with senior living providers to create person-directed, relationship-rich living environments and shifting the care paradigm towards a more collaborative partnership.

“All the arrows are pointing to home and community as the locus for innovation. If you don’t pay attention to this you will end up a low occupancy and lower outcome environment,” said Thomas. “The high level of health and medical services needed during COVID will not disappear, but it won’t, nor should it, go back to the way it was. It needs to be interwoven into the fabric of their wellbeing.” Dr. Thomas adds, “Five to ten years ago it wouldn’t been relevant having a doctor and nurse leading the way but it’s incredibly important in today’s world. Combine that with the senior living knowledge of Tealwood leaders and you get a powerful shift to the age-old story.”

Integration plans for the 35 Tealwood properties to Lifesprk Senior Living are underway which spans the Upper Mid-West.  Lifesprk Senior Living is already working on plans for new senior living contracts and properties.

“The alignment of our cultures is very exciting,” said Groff. “At the end of the day, we are people taking care of people. As it always has, that journey matters a great deal.”

Internet of Things (IoT) Market Worth USD 1463.19 Billion by 2027 Backed by Rising Awareness Regarding Precision Farming to Aid Market Growth, says Fortune Business Insights™

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Pune, India, May 11, 2021 (GLOBE NEWSWIRE) — The global internet of things market size is projected to reach USD 1463.19 billion by 2027 while exhibiting a CAGR of 24.9% during the forecast period. Heightening demand for artificial intelligence and twin technology and precision farming by industries worldwide will stoke the market growth, suggests Fortune Business Insights™ in its report, titled “Internet of Things (IoT) Market, 2020-2027”. The report mentions that the market stood at USD 250.72 billion in 2019. Factors such as the increasing adoption of IoT in precision farming and the healthcare sector are anticipated to boost the growth of the market during the forecast period. For instance, precision farming combines use of sensors, GPS, robots, AI, mapping tools, and different type of data-analytics software to customize care for plants.

COVID-19 Impact

COVID-19 pandemic has led to a severe economic downturn, impacting industries and businesses but demand for internet of things solutions have surged.  People are using advanced solutions that help to detect people who have symptoms or are infected. Besides, adoption this technology is helping the government officials to efficiently monitor the areas with high infection rate. Therefore, the growing adoption of these technologies is expected to favor the growth of the market positively amid the pandemic.

To get to know more about the short-term and long-term impact of COVID-19 on this market,

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Segmentation

Based on components, the market is divided into platforms and solutions & services. By platform, the market is divided device management, cloud platform and network management.

Based on platform, the device management segment held a market share of about 35.5 %in 2020. The segment is expected to experience considerable growth as it provides industries with centralized management system and offers real time data of other integrated devices.

On this basis of end-user, the market is divided into BFS, retail, government, healthcare, manufacturing, agriculture, sustainable energy, IT& telecom and transportation. Lastly, in terms of geography, the market is categorized into North America, Europe, Asia Pacific, the Middle East & Africa, and Latin America.

Highlights of the Report

The global market for internet of things report gives a thorough analysis of the latest internet of things market share trends, top market segments, factors that are majorly driving the market. The different market segments, their regional analysis are discussed in the report. Additionally, it talks about the dominant strategies adopted by key market players and the impact of COVID-19 on the market.

Driving Factors

Rising Demand for Smart Sensors in Healthcare Sector to Propel Growth

The sensors measure inputs provided by users and transform them into raw data, which is then digitally stored to analyze the data and then pass on information through the internet. Therefore, the adoption of smart sensor devices has seen an upsurge in different sectors such as smart metering, security and emergency services, home automation, and the e-health sector. For example, the healthcare sector uses smart sensors devices to monitor remote patients. These smart devices are connected to the patient and measure their vitals, such as glucose level, brain activity, blood pressure, and cardiac status. The data is then accessible to doctors present at any location. This helps doctors to analyze the patient’s data and then provide them with correct recommendations. Therefore, the high demand from the healthcare sector is expected to favor the global internet of things (IoT) market growth in the forthcoming years.

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Regional Insights

Asia-Pacific to Remain at Forefront; Increasing Focus on Development of Smart Cities to Aid Growth

Asia-Pacific is expected to remain dominant and hold the largest global internet of things (IoT) market share during the forecast period. China is expected to be leader in this region, as they also are looking forward to expand industries such as robotics, autonomous and electric vehicles, artificial intelligence (Al), biotech, and aviation under Made in China 2025 Plan, which is likely to boost the demand for the IoT solutions.

Moreover, the Indian government has implemented the Make in India policy that will help them establish technology programs for the industries and start-ups. Also, the government’s plan to build 100 smart cities in the country will create a massive and quick expansion of the market.

North America is anticipated to hold a major share in the market revenue owing to the presence of number of key market players in the region.  Investment from the government and private venture capitalists in the IoT market has increased as many start-ups in the country are also rising. For instance, in the year 2018, United States did major venture capital (VC) investments in the IoT market by companies such as Robert Bosch, Amazon, and others, fueling the regional market.

Competitive Landscape

Key Players to Expand their Solutions to Intensify Industry Competition

Top entities in the market are expanding their services, and they are coming up with new launches and widening their offerings to expand in their market. For example, Cisco Systems offers IoT solutions throughout manufacturing, retail, transportation, and more. The company believes in providing its services to its partners to help them grow their loT businesses. The company is investing highly in R&D services to come with advanced solutions to serve around 67,000 firms around the globe. Additionally, Cisco is majorly investing in iot security platforms, as in January 2020 it launched its security architecture under its security intelligence group Cisco Talos. This will improve IT and operational technology and visibility.

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Industry Developments

  • March 2020 Cisco Systems and Microsoft collaborated to integrate their loT hub solution with Cisco-Edge-to Microsoft-Azure. It will help to create various apps for enterprises.
  • February 2019 SAP SE introduced SAP Leonardo loT solution. This will support industries and enterprises with digital transformation.  

List of Key Players in Profiled in the Market:

  • Amazon.com Inc.
  • AT&T Inc
  • Bosch Software Innovations GmbH
  • Cisco Systems, Inc.
  • IBM Corporation
  • Intel Corporation
  • Oracle Corporation
  • Microsoft Corporation
  • SAP SE
  • Siemens AG

Quick Buy – Internet of Things Market Research Report: https://www.fortunebusinessinsights.com/checkout-page/100307

Major Table of Contents:

  • Introduction
    • Definition, By Segment
    • Research Approach
    • Sources
  • Executive Summary
  • Market Dynamics
    • Drivers, Restraints and Opportunities
    • Emerging Trends
  • Key Insights
    • Macro and Micro Economic Indicators
    • Consolidated SWOT Analysis of Key Players
    • Porter’s Five Forces Analysis
    • Impact of COVID-19
      • Short-term Impact
      • Long-term Impact
  • Global Internet of Things (IoT) Market Analysis, Insights and Forecast, 2016-2027
    • Key Findings / Summary
    • Market Size Estimates and Forecasts
      • By Component
        • Platform
        • Solution and Services
      • By Platform (Value)
        • Device Management
        • Cloud Platform
        • Network Management
      • By Solution (Value)
        • Real-Time Streaming Analytics
        • Security
        • Data Management
        • Remote Monitoring
        • Network Band Management
      • By End-use (Value)
        • BFSI
        • Retail
        • Government
        • Healthcare
        • Manufacturing
        • Agriculture
        • Sustainable Energy
        • Transportation
        • IT & Telecom
        • Others

TOC Continued…!

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Have a Look at Related Research Insights:

Artificial Intelligence Market Size, Share & COVID-19 Impact Analysis, By Component (Hardware, Software, and Services), By Technology (Computer Vision, Machine Learning, Natural Language Processing, and Others), By Deployment (Cloud, On-premises), By Industry (Healthcare, Retail, IT & Telecom, BFSI, Automotive, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2020-2027

Fiber Optics Market Size, Share & Industry Analysis, By Component (Hardware, Software, Services), By Application (Telecommunication, Smart Cities, Power Utilities, Aerospace and Defense, Industrial Automation and Control, Renewable Energy, Others), and Regional Forecast, 2020-2027

Speech and Voice Recognition Market Size, Share & Industry Analysis, By Component (Solution, Services), By Technology (Voice Recognition, Speech Recognition), By Deployment (On-Premises, Cloud), By End-User (Healthcare, IT and Telecommunications, Automotive, BFSI, Government, Legal, Retail, Travel and Hospitality and Others) and Regional Forecast, 2019 – 2026

Natural Language Processing Market Size, Share & Industry Analysis, By Deployment (On-Premises, Cloud, and Hybrid), By Technology (Interactive Voice Response (IVR), Text Analytics, Speech Analytics, Pattern and Image Recognition, and Others), By Industry Vertical (Healthcare, Retail, BFSI, Automotive & Transportation, Advertising & Media, Manufacturing, and Others) and Regional Forecast, 2019-2026

Big Data as a Service Market Size, Share & COVID-19 Impact Analysis, By Solution (Hadoop-as-a-Service, Data-as-a-Service and Data Analytics-as-a-Service), By Deployment Model (Public Cloud, Private Cloud and Hybrid Cloud), By Industry (BFSI, Retail and E-Commerce, IT & Telecom, Healthcare, Government, Manufacturing and Others) and Regional Forecast, 2021-2028

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NVIDIA Transforms Mainstream Laptops into Gaming Powerhouses with GeForce RTX 30 Series

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SANTA CLARA, Calif., May 11, 2021 (GLOBE NEWSWIRE) — NVIDIA today announced a new wave of GeForce RTX™ laptops from the world’s top manufacturers, delivering real-time ray tracing and AI-based DLSS to tens of millions more gamers and creators, starting at just $799.

The platforms, many based on the new GeForce RTX 3050 Ti and 3050 Laptop GPUs, bring NVIDIA’s Ampere architecture with dedicated RT and Tensor Cores to the most mainstream audience yet, and expand the number of RTX 30 Series laptops to more than 140.

Providing exceptional performance in thin, sleek designs, the new RTX laptops are twice as fast as previous-generation systems, delivering smooth, 60 frames per second gameplay at 1080p in popular titles such as Minecraft RTX and Call of Duty: Black Ops Cold War.

“The latest wave of laptops provides the perfect opportunity to upgrade, particularly for gamers and creators with older laptops who want to experience the magic of RTX,” said Mark Aevermann, director of product management for laptops at NVIDIA. “There are now five times more RTX 30 Series gaming laptops that are thinner than 18mm compared with previous-generation RTX systems, delivering groundbreaking performance with very sleek and portable designs.”

NVIDIA DLSS – The Laptop Game Changer
Laptop owners, who typically upgrade after about four years of use, can see enormous performance gains with the newest GeForce RTX 3050-class Laptop GPUs. With NVIDIA DLSS, GeForce RTX 3050 Ti laptops are also up to 2x faster than previous-generation systems.

Only GeForce RTX GPUs feature specialized Tensor Cores that power DLSS, which is now available in more than 40 AAA titles and indie game hits, with recent additions such as Outriders, Call of Duty: Warzone, Call of Duty: Modern Warfare, NARAKA: BLADEPOINT and Mortal Shell.

Additionally, creators can experience DLSS acceleration in applications such as D5 Render, SheenCity Mars and NVIDIA Omniverse™, which enable artists to visualize their designs in real time instead of waiting for ray-traced scenes to finish rendering.

“Consumers are spending more time than ever on laptops — PC gamers, creators and students are all driving demand for massive improvements in graphics horsepower and AI-accelerated applications,” said Bob O’Donnell, president and chief analyst at TECHnalysis Research. “Laptop manufacturers are responding to this market momentum by designing thinner, higher-performing models to meet the various needs of consumers — it’s no wonder NVIDIA GPUs are powering so many new designs.”

NVIDIA Reflex Brings Low-Latency Esports to Laptops
For those who enjoy competitive games, new GeForce RTX 3050 Ti laptops can deliver 144+ FPS and sub-25ms system latency in titles such as Overwatch, Rainbow Six Siege and Valorant, thanks to the NVIDIA Reflex Low Latency mode. Seven out of the top 10 competitive shooter games have NVIDIA Reflex support, which allows gamers to achieve lower system latency so they can play their absolute best. NVIDIA Reflex is also supported across the entire RTX 30 Series lineup.

New AI Effects for Video Conferencing and Livestreaming in NVIDIA Broadcast
All RTX 30 Series laptops include support for NVIDIA Broadcast, an app that transforms laptops into a home studio. This has now been improved with new AI effects — room echo removal and video noise removal — and updated the audio noise removal to eliminate sounds from cats, dogs and insects. These effects, together with the previously released virtual background and auto frame, can now be stacked to provide more control and quality over audio and video.

New NVIDIA Studio Laptops
RTX-based Studio laptops are designed for creators to meet their demands for performance and reliability. Newly unveiled NVIDIA Studio laptops equipped with RTX 30 Series GPUs now render creative and professional apps up to 2x faster than the previous generation. Video editors can work with 8K RAW footage, use AI to simplify workflows and reduce encode times by up to 75 percent. Additionally, artists can take advantage of up to 16GB of graphics memory to work with huge assets or multiple apps simultaneously for increased productivity and efficiency.

Availability
New GeForce RTX 30 Series laptops, including GeForce RTX 3080, 3070 and 3060, are available starting today from the world’s top manufacturers, including Acer, Alienware, ASUS, Dell, Gigabyte, HP, Lenovo, MSI and Razer. RTX 3050 Ti and 3050-based laptops will be available this summer.

GeForce RTX 30 Series laptops will also be available from local OEMs and system builders, including Aftershock, CyberPower PC, Digital Storm, Eluktronics, Falcon NW, Hasee, Maingear, Mechrevo, Mouse, Origin PC, PC Specialist, Scan, Schenker, Terrans Force, Thunderobot and XOTIC PC. Pricing, configurations and availability will vary among regions and partners.

Press assets, including product photographs, specifications, chip and die shots and other materials, are available on the NVIDIA press site at www.nvidia-press.com.

About NVIDIA
NVIDIA’s (NASDAQ: NVDA) invention of the GPU in 1999 sparked the growth of the PC gaming market and has redefined modern computer graphics, high performance computing and artificial intelligence. The company’s pioneering work in accelerated computing and AI is reshaping trillion-dollar industries, such as transportation, healthcare and manufacturing, and fueling the growth of many others. More information at https://nvidianews.nvidia.com/.

For further information, contact:
Kelly Musgrave
Senior PR Manager, GeForce
NVIDIA Corporation
+1-650-421-3748
kmusgrave@nvidia.com

Certain statements in this press release including, but not limited to, statements as to: the number of laptops featuring the NVIDIA Ampere architecture and the number of RTX 30 Series laptops; the performance, benefits, abilities and availability of next-generation GeForce laptops and what they enable; the world’s fastest growing gaming platform; NVIDIA Ampere architecture powering the world’s fastest laptops; the benefits, performance and abilities of NVIDIA DLSS; the performance and benefits of the NVIDIA Ampere architecture multiprocessors used by GeForce laptops, RT Cores, Tensor Cores, NVIDIA Reflex, NVIDIA Broadcast, NVIDIA Studio and what they enable; GeForce RTX 3050 Ti laptops and NVIDIA Reflex enabling lower system latency; the performance increased enabled by the NVIDIA Ampere architecture; the availability of GeForce RTX 30 Series laptops, the OEMs and systems builders offering them and the variance in pricing, configurations and availability are forward-looking statements that are subject to risks and uncertainties that could cause results to be materially different than expectations. Important factors that could cause actual results to differ materially include: global economic conditions; our reliance on third parties to manufacture, assemble, package and test our products; the impact of technological development and competition; development of new products and technologies or enhancements to our existing product and technologies; market acceptance of our products or our partners’ products; design, manufacturing or software defects; changes in consumer preferences or demands; changes in industry standards and interfaces; unexpected loss of performance of our products or technologies when integrated into systems; as well as other factors detailed from time to time in the most recent reports NVIDIA files with the Securities and Exchange Commission, or SEC, including, but not limited to, its annual report on Form 10-K and quarterly reports on Form 10-Q. Copies of reports filed with the SEC are posted on the company’s website and are available from NVIDIA without charge. These forward-looking statements are not guarantees of future performance and speak only as of the date hereof, and, except as required by law, NVIDIA disclaims any obligation to update these forward-looking statements to reflect future events or circumstances.

© 2021 NVIDIA Corporation. All rights reserved. NVIDIA, the NVIDIA logo, GeForce, GeForce RTX and NVIDIA Omniverse are trademarks and/or registered trademarks of NVIDIA Corporation in the U.S. and other countries. Other company and product names may be trademarks of the respective companies with which they are associated. Features, pricing, availability and specifications are subject to change without notice.

BioXcel Therapeutics Announces Presentations at the ISBD 2021 Global Annual Conference

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NEW HAVEN, Conn., May 11, 2021 (GLOBE NEWSWIRE) — BioXcel Therapeutics, Inc. (“BioXcel” or the “Company”) (Nasdaq: BTAI), a clinical-stage biopharmaceutical company utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology, today announced that four abstracts were selected for presentation at the International Society for Bipolar Disorders (“ISBD”) 2021 Global Annual Conference, which will take place virtually from May 13-15, 2021.

Among the presentations are results from the pivotal SERENITY program, further examining the effects of BXCL501 on acute agitation in bipolar disorder across mood states, as well as an analysis of patient acceptance of the film formulation in terms of taste, aftertaste, smell and dissolve time.

The abstracts are currently available on the ISBD website at isbd2021.org. At the start of the poster sessions, the posters will be available in the “News & Media” section of the Company’s website at www.bioxceltherapeutics.com.

POSTER PRESENTATION DETAILS

Title: Effect of BXCL501 for Treating Acute Agitation in Patients with Bipolar Disorder Date/Time: Saturday, May 15, 2021 at 5:00-6:30 PM Eastern Time (Poster Session II)

Title: BXCL501 Demonstrates Significant Reduction in Agitation across All Mood States (depressed, hypomanic, manic) in Patients with Bipolar Disorder
Date/Time: Saturday, May 15, 2021 at 5:00-6:30 PM Eastern Time (Poster Session II)

Title: Pharmacokinetics of Dexmedetomidine after a Single Sublingual Dose of BXCL501 in Patients with Agitation Associated with Schizophrenia
Date/Time: Saturday, May 15, 2021 at 5:00-6:30 PM Eastern Time (Poster Session II)

Title: Safety and Patient Acceptability of BXCL501 for Treating Acute Agitation in Patients with Bipolar Disorder
Date/Time: Friday, May 14, 2021 at 5:00-6:30 PM Eastern Time (Poster Session I)

About BXCL501

BXCL501 is an investigational, proprietary, orally dissolving thin film formulation of dexmedetomidine, a selective alpha-2a receptor agonist for the treatment of agitation and opioid withdrawal symptoms. BioXcel believes that BXCL501 potentially targets a causal agitation mechanism, and the Company has observed anti-agitation results in multiple clinical studies across several neuropsychiatric disorders, including schizophrenia related agitation (SERENITY I), bipolar disorder related agitation (SERENITY II) and dementia related agitation (TRANQUILITY). BXCL501 has been granted Breakthrough Therapy designation for the acute treatment of agitation associated with dementia and Fast Track designation for the acute treatment of agitation associated with schizophrenia, bipolar disorders and dementia. The Company recently submitted its New Drug Application to the FDA for BXCL501 for the acute treatment of agitation associated with schizophrenia and bipolar disorders. The safety and efficacy of BXCL501 has not been established.

About BioXcel Therapeutics, Inc.:

BioXcel Therapeutics, Inc. is a clinical-stage biopharmaceutical company utilizing artificial intelligence approaches to develop transformative medicines in neuroscience and immuno-oncology. BioXcel’s drug re-innovation approach leverages existing approved drugs and/or clinically validated product candidates together with big data and proprietary machine learning algorithms to identify new therapeutic indices. BioXcel’s two most advanced clinical development programs are BXCL501, an investigational, proprietary, orally dissolving thin film formulation of dexmedetomidine for the treatment of agitation and opioid withdrawal symptoms, and BXCL701, an investigational, orally administered, systemic innate immunity activator in development for the treatment of aggressive forms of prostate cancer and advanced solid tumors that are refractory or treatment naïve to checkpoint inhibitors. For more information, please visit www.bioxceltherapeutics.com.

Contact Information:

BioXcel Therapeutics, Inc.

www.bioxceltherapeutics.com

Investor Relations:

Mary Coleman
BioXcel Therapeutics, VP of Investment Relations
MColeman@bioxceltherapeutics.com
1.475.238.6837

John Graziano
Solebury Trout
jgraziano@soleburytrout.com
1.646.378.2942

Media:

Julia Deutsch
Solebury Trout
jdeutsch@soleburytrout.com 
1.646.378.2967