SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ — Mfive, a supplier specializing in road studs, is attracting attention in domestic and international markets for its excellent technology and products for road safety. Mfive is leading the way in enhancing the safety of drivers and pedestrians by developing road studs that operate reliably in various climates and environments.

Road studs are essential road safety facilities that play an important role in reducing traffic accident rates by guiding drivers and clearly defining road boundaries, even at night and in bad weather.

Mfive’s road studs generate electricity using solar energy and store it on their own, and their LED lamps automatically light up when dark. They are easy to install and maintain as they do not require electrical wiring, and they boast excellent visibility, strong durability, and corrosion resistance regardless of distance and structure. In particular, they are receiving positive reviews from road management agencies as they can operate stably for 7 to 8 years without battery replacement, reducing maintenance costs. In addition, they have been recognized as an Excellent Product by the Korea Public Procurement Service, further strengthening Mfive’s position in the domestic road safety market.

Mfive’s road studs perform particularly well in areas with heavy rainfall. While existing road studs may experience malfunction problems due to moisture and water, Mfive’s road studs feature maximum waterproofness and durability, ensuring stable operation. They have excellent visibility so they are bright and clear even on rain days, and they clearly define road boundaries for drivers, greatly improving safety.

In 2018, Mfive exported its Road Stud Hybrid MAS-8 to the Philippines and installed them in Dumaguete and dormitory towns located in Angeles. The Philippines is a tropical country with frequent rainfall and Mfive’s product was able to prove its outstanding performance by operating stably in such environment. This served as an opportunity to promote Mfive’s technology to the global market and is expected to serve as a stepping stone for advancing into overseas markets including Southeast Asia.

Mfive plans to continue improving product quality and developing innovative products for road safety. Based on its technological prowess and quality, Mfive is expected to establish itself as a road safety brand recognized not only in Korea but also in the global market.

http://www.mfive.co.kr

SINGAPORE, Jan. 15, 2025 /PRNewswire/ — ShengShu Technology, a pioneer in generative video, is introducing a game-changing Vidu 2.0 update for its flagship video generation application Vidu. With 10 million users in just 100 days, Vidu and its latest update represents a critical benchmark as the industry’s fastest and the most affordable video generation platforms. Vidu 2.0 introduces the ability to generate a clip in under ten seconds, 55% cheaper than the industry’s average, and generate complex actions or props with just a single click.

With faster speeds, lower costs, and a user-friendly interface, Vidu 2.0 is the new milestone in ShengShu Technology’s ambitious roadmap for generative video. It marks a pivotal moment that introduces a new way to think about content. Vidu 2.0 lays the foundation for a future where next-generation AI-driven storytelling could adapt dynamically to every choice made by the user. Imagine a world where users might roleplay as a film’s protagonist, shaping the narrative through clicks, spoken commands, or camera interactions. Whether choosing to fight, flee, or join the antagonist, AI could generate a personalized storyline for every decision, offering an entirely new way to experience storytelling. And, this vision may sooner than later become a reality. Supported by continued reduced barriers to entry, this future will earmark a significant shift from a niche concept to mass adoption.

Vidu 2.0 Generates Videos in Under 10 Seconds, Without Sacrificing Quality

Until now, bringing this future even remotely within reach was considered unrealistic, as generating a single video could take tens of minutes or hours. With the Vidu 2.0 update, ShengShu Technology once again sets a new global standard for speed, without sacrificing video quality. At the core of this major update is the company’s breakthrough full-stack interference accelerator, stemming from its widely cited U-ViT research. In fact, with more than 10 million reference-to-videos generated in its first 100 days, Vidu’s 2.0 update is set to offer a rapid, cost-effective solution for on-the-fly A/B testing for creators, editors and brands. Vidu 2.0 empowers small businesses and aspiring editors with tools rivaling top-tier agencies, saving time and money — all within a single platform.

Generating Videos is 55% Cheaper on Vidu 2.0

With continuous improvements rolling out for Vidu, concerns around the rising cost of generating videos is in its heyday. Now, generating clips with Vidu 2.0 is dramatically cheaper than ever before. While the industry’s average cost of generating a clip is US $0.084 per second, Vidu has been optimized in this latest 2.0 update to cost an astounding US $0.0375. This is not only 55% less than the industry standard, but also 50% more affordable than Vidu 1.5.

Prompt ‘Templates’ Lower the Barrier to Entry

Rounding out the latest in major new updates, Vidu also aims to lower the barrier to entry, turning anyone into a one-tap ‘prompt engineer.’ Vidu 2.0’s new “Templates” feature offers a series of pre-set prompt templates that enable users to instantly add detailed actions or interactive props in their generated clips. For instance, in lieu of learning how to write a prompt for an outfit, it can simply be added with just a single click. The library of ‘Templates’ will be continuously updated to add new one-click prompts.

“Vidu 2.0 represents a significant leap forward in building a complete ecosystem of easy-to-use tools as we embark on the next phase for Vidu, which aims at an untapped opportunity in real-time co-creation,” said Jiayu Tang, CEO and co-founder of ShengShu Technology. “Vidu 2.0 features ultra-fast generation speeds, robust multimodal context handling, at a more affordable price that’s easier than ever to use. More importantly, these are the cornerstones that enable real-time content to be co-created by users or businesses, enabling them to immerse and better connect with their audiences.”

Vidu was the first video generation application to be made commercially available back in July 2024, which stemmed from ShengShu Technology’s highly cited research. In fact, the company has been a pioneer, of which the latest innovation was introduced in Vidu 1.5, which unveiled a Multiple-Entity Consistency feature; this enables users to seamlessly blend people, objects, and environments, even if they are completely unrelated, into a cohesive single video.

To learn more about Vidu, please visit https://www.vidu.com

About ShengShu Technology

Founded in March 2023, ShengShu Technology is a leading innovator in deep generative models, specializing in advanced diffusion probabilistic techniques. In 2022, ShengShu introduced the world’s first new technical framework, U-ViT, which explores the fusion of Diffusion Models and Transformer architectures for a wide assortment of multimodal generation tasks. ShengShu Technology made the leap from research to commercialization with the launch of its flagship product, Vidu, in July 2024. This AI video generator enables creators to bring their visions to life, whether for art design, game development, film post-production, or social content creation. Our mission is to develop the world’s most advanced multimodal generative models, seamlessly integrating text, images, videos, and 3D content. We are at the forefront of applying generative AI to art, design, gaming, filmmaking, and social media, with the goal of enhancing human creativity and productivity.

HAIKOU, China, Jan. 15, 2025 /PRNewswire/ — JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions, today announced that, on January 13, 2025, Jinxuan (Hainan) Holding Group Co., Ltd. (“JX Hainan”), a subsidiary of the Company, entered into and executed a 2025 Strategic Annual Cooperation Agreement (the “Agreement”) with  Hainan Cross-border E-Commerce Association (“HCEA”).  We anticipate that this Agreement will start a long-term strategic partnership collaboration between the parties, and that HCEA will  meet its target of selling US$20,000,000 worth of cross-borders products within one year, as stated in the Agreement.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company, commented: “Hainan Free Trade Port has created remarkable opportunities for the cross-border e-commerce industry. We believe that this $20 million procurement order marks just the beginning for the Company to implement such an opportunity. Through technological innovation, resource integration, and compliance support, we will empower more small and medium-sized enterprises to access global markets, achieve sustainable growth, and bring new energy to the global trade ecosystem.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a technology company engages in integrated tourism services, including tourism, duty-free cross-border goods, and comprehensive e-commerce technology solutions.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/.

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

• Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and end of 2024
• Landmark deals in Spain, Greece and the United States also helped double Masdar’s portfolio capacity
• Masdar deployed close to $8 billion in equity in 2024, in addition to raising over $4.5 billion of project financing across nine countries
• The UAE clean energy leader successfully developed seven major projects worldwide and inaugurated the largest wind farm in Central Asia

ABU DHABI, UAE, Jan. 15, 2025 /PRNewswire/ — Abu Dhabi Future Energy Company PJSC – Masdar, the UAE’s clean energy leader – has announced that it has significantly increased its overall renewable energy capacity by 150 percent to 51GW by the end of 2024, up from 20GW in 2022. This achievement establishes Masdar as a global clean energy leader and well on track to achieving its ambitious target of 100GW of renewable energy capacity by 2030.

Masdar’s Capacity Up By 150% to Over 50GW In Two Years

Masdar’s operational, under construction and advanced pipeline capacity grew from 20GW to 51GW between 2022 and the end of 2024. It comes as Masdar’s portfolio of operational, under construction and committed capacity also rose in just 12 months from 16.5GW to 32.6GW by end of 2024.

In 2024 alone, Masdar deployed close to $8 billion in equity investments and secured more than $4.5 billion of project financing across nine countries, enabling the development of projects totaling over 6.5GW of new capacity. These accomplishments reflect Masdar’s commitment to expanding its renewable energy portfolio while driving the global energy transformation.

Masdar’s growth was advanced by landmark acquisitions in Greece, Spain and the United States, strengthening the company’s presence in Europe and North America, as well as breaking ground on seven major projects worldwide. These included two BESS projects in the UK, two solar projects in Azerbaijan with a combined capacity of 760MW, and the 1.5GW Al Ajban Solar Project in the UAE.

Masdar also announced the financial close of six projects, including the 1.1GW Al Henakiyah Solar Power Plant and multi-utility AMAALA sustainable project in the Kingdom of Saudi Arabia, as well as 760MW solar projects Bilasuvar and Neftchala in Azerbaijan.

Additionally, Masdar signed a Power Purchase Agreement in December 2024 for the 2GW Sadawi project in Saudi Arabia, and inaugurated the 500MW Zarafshan Wind Farm in Uzbekistan, now the largest operation in Central Asia.  

The company successfully issued its second green bond, raising $1 billion, with a 4.6x oversubscription underscoring strong investor confidence in Masdar’s vision and performance. It came after Fitch upgraded Masdar’s credit rating to AA- from A+, demonstrating the confidence in the health of the company’s finances.

His Excellency Dr Sultan Ahmed Al Jaber, Chairman of Masdar, said: “With the steadfast support of the UAE Leadership, Masdar has grown over the last two decades from a pioneer in clean energy to one of the world’s biggest renewable energy companies. In 2024, we made significant progress by increasing our overall capacity to 51GW, more than half-way to meeting our 100GW by 2030 target. This is testament to a balanced growth strategy combining smart acquisitions and project development in our bid to become the world leader in clean energy. We are committed to the UAE Consensus and the global target of tripling renewable energy capacity by 2030 in our mission to supercharge the global energy transformation and ensure sustainable progress for all.”

Mohamed Jameel Al Ramahi, Chief Executive Officer of Masdar, said: “Masdar’s journey in 2024 represents the power of bold ambition paired with strategic action. By more than doubling our capacity in just two years, we have not only established our position as the world’s pure-play renewables leader but have expanded our ambition with key strategic acquisitions in the United States, Spain and Greece. We have also achieved significant progress on major projects worldwide, as we help to accelerate the global energy transformation. We are not only reaching milestones but setting new benchmarks for the industry as we work towards our 100GW target and cementing our reputation as the world’s trusted clean energy partner.”

Since its establishment in 2006, Masdar has been a key enabler of the UAE’s vision as a global leader in sustainability and climate action. The company has developed and partnered in projects in over 40 countries, with a mandate to increase its renewable energy portfolio capacity to 100GW by 2030.

For more information please visit: https://www.masdar.ae and connect: facebook.com/masdar.ae and twitter.com/masdar

About Masdar

Masdar (Abu Dhabi Future Energy Company) is one of the world’s fastest-growing renewable energy companies. As a global clean energy pioneer, Masdar is advancing the development and deployment of solar, wind, geothermal, battery storage and green hydrogen technologies to accelerate the energy transformation and help the world meet its net-zero ambitions. Established in 2006, Masdar has developed and invested in projects in over 40 countries with a combined capacity of over 50 gigawatts (GW), providing affordable clean energy access to those who need it most and helping to power a more sustainable future.

Masdar is jointly owned by TAQA, ADNOC, and Mubadala, and is targeting a renewable energy portfolio capacity of 100GW by 2030 while aiming to be a leading producer of green hydrogen by the same year.

SHENZHEN, China, Jan. 15, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, announced its success in overcoming a new technical challenge—achieving precise quantum Computing in complex scenarios involving quantum oscillations. This groundbreaking achievement injects new momentum into the deep optimization and wide application of quantum circuits.

Focusing on a system of two superconducting qubits with unique characteristics, tightly coupled by fixed capacitors, the introduction of pulse technology acts like a double-edged sword. On one hand, it provides an effective means for controlling quantum states; on the other hand, it inevitably triggers quantum oscillation phenomena. Even slight parameter deviations, at the quantum scale, can cause dramatic fluctuations in the quantum state, leading to signal distortion, computational errors, and a series of other issues. In the face of this challenging problem, HOLO has innovatively integrated Quantum Fisher Information (QFI) with Hilbert-Schmidt Speed (HSS), creating a powerful toolset for quantum estimation. Quantum Fisher Information (QFI), known for its precise quantification of the ultimate limits of parameter estimation in quantum systems, acts as a high-precision “detector” in the quantum realm. It relies on meticulous measurements and deep analysis of quantum states, extracting system parameter information hidden within the quantum states through complex mathematical transformations and physical model construction. For example, in a specific quantum bit flip experiment, QFI can accurately track the parameter changes corresponding to each quantum state flip, providing solid data support for subsequent system optimization.

Complementing this, the Hilbert-Schmidt Speed (HSS) serves as a “speedometer” for the dynamic evolution of quantum systems. It focuses on the rate of evolution of a quantum system over time, revealing the system’s adaptation and response mechanisms to external disturbances, such as quantum oscillations triggered by pulse technology, by closely monitoring the gradient of quantum state changes at different moments. In experimental scenarios, when pulses induce quantum oscillations, HSS can capture the pace of quantum bit state updates in real-time, helping researchers discern when the quantum system is in a stable state and when it is approaching a critical point of uncontrollable instability.

HOLO conducts a comprehensive “scan” of the fixed capacitor-coupled dual superconducting qubit system. First, it performs detailed “grid-based” tuning of pulse technology parameters, gradually inducing quantum oscillation patterns of varying strengths and frequencies, simulating quantum state fluctuations in a real and complex environment. Simultaneously, high-sensitivity quantum state detection equipment is used to continuously collect real-time quantum bit state data, ensuring the timeliness and accuracy of the data. Leveraging the QFI and HSS analysis models constructed in earlier stages, massive amounts of experimental data are imported for deep exploration and repeated validation.

HOLO has discovered that even under harsh conditions where quantum oscillations are rampant, the precision of quantum estimation has still achieved a significant leap forward. Taking a typical algorithm in quantum computing—the Quantum Fourier Transform—as an example, after introducing HOLO’s quantum computing optimization scheme, the algorithm’s computational error rate was reduced compared to traditional methods, and computational efficiency was significantly enhanced. This means that in the design blueprint of quantum circuits, engineers can make more precise adjustments to the circuit structure based on more accurate quantum bit performance parameters, thereby avoiding the potential risks posed by quantum oscillations and enhancing the stability, reliability, and computational performance of quantum circuits.

Looking to the future, HOLO will continue to optimize the QFI and HSS technological tools, expanding their application boundaries in diverse quantum systems, helping quantum technology reach the public sooner and reshaping a new paradigm of scientific and technological life for humanity.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

DUBAI, UAE, Jan. 15, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, today announced the launch of FarmX, a groundbreaking decentralized farming platform integrated into its popular Telegram game bot, SpaceS. FarmX empowers both new and experienced crypto users to earn rewards by completing simple farming tasks and participating in various campaigns, introducing a new dimension of play-to-earn excitement to the SpaceS ecosystem.

Bybit SpaceS, with its engaging space-themed gameplay and vibrant community of over 3 million players, has become a beloved platform for Web3 enthusiasts. Beyond its gameplay, SpaceS introduces a social element, allowing players to invite friends and form fleets to play together. The introduction of FarmX further solidifies Bybit’s position as a leader in innovative and rewarding gaming experiences.

Key Features of FarmX:

• Farm-to-Earn: Connect your wallet, hold SpaceS Points or TON, and start farming with a few simple clicks.
• Early Bird Advantage: FarmX rewards are distributed based on how much you farm and how early you start. The more SpaceS Points or $TON you hold and the earlier you participate, the greater your share of the prize pool.
• Exclusive Loyalty Rewards: Earn exclusive token rewards by farming SpaceS Points or depositing TON.
• Community-Driven: Leverage the thriving SpaceS community and participate in exciting campaigns with massive prize pools.
• TON Ecosystem Integration: FarmX integrates TON farming, marking Bybit Web3’s entry into the vibrant TON ecosystem. By holding $TON, players can double their rewards, unlocking even more earning potential.

MK Chin, Bybit’s Web3 Evangelist, commented: “FarmX represents a significant milestone for SpaceS and Bybit Web3. By seamlessly integrating decentralized farming into a beloved game, we are democratizing access to DeFi and providing our community with exciting new opportunities to earn rewards. We are thrilled to see how players embrace FarmX and shape the future of play-to-earn experiences.”

The FarmX campaign offers an additional 40,000 USDT prize pool from January 16th to 24th. Subsequent campaigns will feature even more enticing rewards and collaborations with top projects in the Web3 space.

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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LISHUI, China, Jan. 15, 2025 /PRNewswire/ — Tantech Holdings Ltd (NASDAQ: TANH) (“Tantech” or the “Company”) today announced that on January 15, 2025, TANH’s U.S. subsidiary, Gohomeway Group Inc., has been appointed Chair of the Home Furnishing Materials Committee under the American Chinese National Chamber of Commerce. This signifies Gohomeway’s rising prominence in the U.S. home furnishing and building materials sector and underscores TANH’s leadership in driving industry innovation.

This appointment solidifies Gohomeway’s industry standing while accelerating the development of its franchise system, marking a key milestone in TANH’s strategic expansion into the North American market. The recognition also reinforces TANH’s commitment to advancing global growth initiatives and fostering sustainable industry practices.

The compan’s CEO Mr.Yan Wangfeng stated, “This appointment represents a significant step in our global strategy, particularly in expanding our footprint in North America. Through Gohomeway, we aim to introduce cutting-edge home furnishing solutions to U.S. households, further promoting sustainable development across the industry.”

About Tantech Holdings Ltd

TANH is a professional high-tech enterprise focused on the production, research and development, and sales of home furnishing and building materials. With a well-established domestic and international sales and distribution network, the company has been active in the home furnishing and building materials industry since 2002, beginning with the manufacture of bamboo charcoal products for home use. In 2022, TANH further strengthened its presence in the North American market by establishing a wholly-owned subsidiary in the United States to enhance the R&D and sales of home furnishing and building materials.

The Company is fully ISO 90000 and ISO 14000 certified and has received a number of national, provincial and local honors, awards and certifications for its products and scientific research efforts. The Company’s subsidiary, First International Commercial Factoring (Shenzhen) Co., LTD, is engaged in commercial factoring for businesses in and related to its supply chain. For more information, please visit: https://tanhtech.com.

Forward-Looking Statements

This news release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning the sales, plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. These statements are subject to uncertainties and risks including, but not limited to, product and service demand and acceptance, changes in technology, economic conditions, the impact of competition and pricing, government regulations, and other risks contained in reports filed by the Company with the Securities and Exchange Commission. All such forward-looking statements, whether written or oral, and whether made by or on behalf of the Company, are expressly qualified by this cautionary statement and any other cautionary statements which may accompany the forward-looking statements. In addition, the Company disclaims any obligation to update any forward-looking statements to reflect events or circumstances after the date hereof.

For more information, please contact:

Tantech Holdings Ltd
Investor Relations
Tel: +86 (578) 226-2305
ir@tantech.cn

SEOUL, South Korea, Jan. 15, 2025 /PRNewswire/ — NEXTBIOMEDICAL CO., LTD, a KOSDAQ-listed innovative medical device company in South Korea, proudly announced that it has received Investigational Device Exemption (IDE) approval from the U.S. Food and Drug Administration (FDA) for its clinical trial, named “RESORB”, featuring Nexsphere-F™.  Designed to alleviate pain in knee osteoarthritis patients, the fast resorbable embolic microsphere will undergo a multi-center trial in the United States for market approval, marking a significant milestone in its global expansion strategy.

Knee osteoarthritis (OA) is a debilitating condition affecting over 654 million people aged 40 and above globally, making it one of the leading causes of pain and disability among older adults ^[1]. While existing treatments, such as NSAIDs and hyaluronic acid injections, provide temporary relief, their long-term efficacy is limited, and side effects are a significant concern. The RESORB trial aims to address these unmet needs by introducing a more sustainable and patient-friendly solution through Genicular Artery Embolization (GAE) and Nexsphere-F™.

RESORB is a multicenter, randomized, open-label study designed to assess how Nexsphere-F™ performs in alleviating pain and improving mobility in patients with knee osteoarthritis. The trial will enroll participants across leading healthcare institutions in the United States, focusing on the novel approach of GAE to treat OA-related symptoms.

Dr.  Ziv J Haskal FSIR FAHA FCIRSE, Professor of Interventional Radiology at the University of Virginia and national Principal Investigator for RESORB, stated that “Nexsphere-F™ has already received CE-MDD approval for use in arthritis embolization, and has proven its superior safety and efficacy in thousands of musculoskeletal embolization patients in Asia and Europe.” The company is actively seeking and securing its clinical trial sites for the U.S. Pivotal trial now.

Additionally, CEO Dr. Don Haeng Lee emphasized that obtaining FDA approval for Nexsphere-F™ marks a pivotal milestone for the company, reflecting its commitment to advancing innovative medical solutions. He expressed pride in the successful completion of the essential IDE approval and shared optimism that the upcoming RESORB clinical trial will proceed seamlessly, paving the way for timely FDA approval. He further highlighted the company’s vision of making Nexsphere-F™ available globally to improve the quality of life for arthritis patients worldwide.

About Nexsphere-F™

Nexsphere-F™ is a fast-resorbable microsphere designed for endovascular embolization procedure. Composed of hydrophilic material, it is utilized in arterial embolization in conjunction with a contrast medium. Upon injection through a microcatheter, Nexsphere-F™ microspheres swell to precisely block the target blood vessels, temporarily cutting off the blood supply to the tissues. Over a defined period, the microspheres maintain their embolization effect to facilitate therapeutic outcomes, after which they are completely resorbed by the body. This unique resorption capability ensures biocompatibility, reduces the risk of complications, offering a safe and effective treatment option.  
https://youtu.be/L4SoG3p_DDA?si=Kv7qBfRYAkfifXxN

About NEXTBIOMEDICAL

NEXTBIOMEDICAL specializes in the development of innovative therapeutic materials utilizing advanced drug delivery system. The company focuses on the research and development and manufacturing the drug-device combination products tailored to address significant clinical unmet needs. 

One of NEXTBIOMEDICAL’s flagship innovations is Nexpowder®, an advanced hemostatic powder that has received FDA approval for its effectiveness in achieving rapid and reliable bleeding control. Utilizing proprietary polymer-based technology, Nexpowder® adheres to bleeding surfaces to form a stable, durable barrier, ensuring efficient hemostasis.

Through continuous investment in R&D aimed at high-demand medical challenges, NEXTBIOMEDICAL strives to become a global leader in life-saving solutions, offering groundbreaking treatments that transform patient care and meet the evolving needs of the clinical field.

https://www.nextbiomedical.co.kr/en/

Reference