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ELLIOTT INVESTMENT MANAGEMENT CLOSES ACQUISITION OF MAJORITY INTEREST IN AMERICAN GREETINGS

CLEVELAND, Feb. 3, 2025 /PRNewswire/ — Elliott Investment Management L.P. (Elliott), Clayton, Dubilier & Rice (CD&R), and American Greetings Corporation today announced the successful completion of the previously announced transaction in which Elliott acquired a majority ownership stake in American Greetings, a global leader in the large and enduring Celebrations marketplace.


Recognizing the tremendous opportunity ahead, CD&R and the Weiss family, descendants of Jacob Sapirstein, who founded the company in 1906, will maintain a significant minority ownership interest in American Greetings.

The acquisition, announced on December 20, 2024, has now met all regulatory approvals and closing conditions.

Joe Arcuri, CEO of American Greetings, said, “This is an exciting time for American Greetings. Elliott shares our vision for growth and innovation, and together, we will leverage our combined strengths to create greater opportunities to drive growth that will benefit all our stakeholders, including our consumers, customers, and associates around the world.”  

“We are looking forward to partnering with the American Greetings leadership team, CD&R and the Weiss family, and using our sector and international experience to support the next phase of the company’s growth,” said Paul Best, Senior Managing Director and Head of European Private Equity at Elliott.

American Greetings is a creator, manufacturer, and distributor of physical and digital Celebration products worldwide with iconic brands, including American Greetings, Papyrus, and Carlton Cards. Its digital business is a leading provider of digital greetings and premium Celebrations content through proprietary technology platforms and apps, with popular digital brands, including American Greetings, Blue Mountain, Jacquie Lawson, SmashUps™, and Creatacard™.

Terms of the transaction were not disclosed.

Advisors
Elliott has obtained committed financing from Barclays, UBS Investment Bank and BofA Securities. Davis, Polk & Wardwell served as legal advisor, and UBS Investment Bank served as financial advisor to Elliott in the transaction. Debevoise & Plimpton LLP served as legal advisor, and Centerview Partners and BofA Securities served as financial advisors to American Greetings.

About American Greetings

American Greetings is a global leader in the large and enduring Celebrations marketplace. The company helps people celebrate holidays, each other, and all of life’s special moments, in-person and online, guided by a mission to “make the world a more thoughtful and caring place every single day.”  American Greetings offers products wherever and however people wish to purchase them – online, in-store, or curbside pickup. Celebrations happen throughout the year, driven by traditional holidays, key milestone moments such as weddings, baby showers and graduations, as well as recurring everyday events such as birthdays and anniversaries. The company’s brands include American Greetings, Papyrus, Carlton Cards, and Recycled Paper Greetings. Its digital business unit, AG Interactive, is a leading provider of digital greetings and premium Celebrations content through proprietary technology platforms and apps. Its popular digital brands include American Greetings, Blue Mountain, Jacquie Lawson, SmashUps™, and Creatacard™. For more information, visit corporate.americangreetings.com and follow us @AmericanGreetings on Facebook and @amgreetings on Instagram. 

About Elliott

Elliott Investment Management L.P. (together with its affiliates, “Elliott”) manages approximately $69.7 billion of assets as of June 30, 2024. Founded in 1977, it is one of the oldest funds under continuous management. The Elliott funds’ investors include pension plans, sovereign wealth funds, endowments, foundations, funds-of-funds, high net worth individuals and families, and employees of the firm.

About Clayton, Dubilier & Rice

Founded in 1978, Clayton, Dubilier & Rice (CD&R) is a leading private investment firm with a strategy of generating strong investment returns by building more robust and sustainable businesses through the combination of skilled investment experience and deep operating capabilities. In partnership with the management teams of its portfolio companies, CD&R takes a long-term view of value creation and emphasizes positive stewardship and impact. The firm invests in businesses that span a broad range of industries, including industrial, healthcare, consumer, technology and financial services end markets. CD&R is privately owned by its partners and has offices in New York and London. For more information, please visit www.cdr.com and follow the firm’s activities through LinkedIn and @CDRBuilds on X/Twitter.

 

AudioCodes Awarded by Frost & Sullivan for Elevating Meeting Experiences Using AI to Boost Efficiency, Collaboration, and Productivity with Intelligent Meetings Solution

AudioCodes has surmounted marketplace limitations with its AI-powered Meeting Insights solution that can tightly integrate with various third-party collaboration and meeting platforms.

SAN ANTONIO, Feb. 3, 2025 /PRNewswire/ — Based on its continuous research into the meetings solutions market, Frost & Sullivan recognizes AudioCodes with the 2025 Global Competitive Strategy Leadership Award for cross-platform meeting intelligence. AudioCodes Meeting Insights provides a centralized, secure, scalable, and searchable knowledge base that preserves and consolidates critical insights from interactions conducted on customers’ meeting platform of choice. By delivering AI-driven, role-specific insights, AudioCodes Meeting Insights equips leadership teams with actionable data to power the agility and innovation that are essential in today’s business landscape, turning meeting intelligence into a key business asset.

This AudioCodes solution’s analytics and role-specific summaries connect each meeting with previous and subsequent sessions, resulting in complete meeting life cycle support for more productive, contextually informed interactions. From its initial concept through design, delivery, and continued enhancements, AudioCodes’ leadership has effectively demonstrated the ability to envision Meeting Insights through the customers’ point of view, enabling it to address the challenges most organizations have too-long endured with disconnected pre, in and post-meeting workflows. AudioCodes’ Meeting Insights offers an impressive, and necessary, range of security features to comply with an enterprise’s data security and compliance posture, such as:

  • Encryption at rest and in transit for robust data security
  • Separation of customers data with localization options
  • Enterprise data ownership with “bring your own storage” options
  • Authentication with Microsoft 365 Authentication, SSO, and Entra ID user management
  • Best level security and data privacy AI providers, Azure Open AI and AWS Bedrock Anthropic Data privacy support
  • Automatic data retention policy according to the customer’s configuration
  • Role-based access control
  • User activity tracking with audit trails and system activity logs
  • Secured software development practices according to OWASP
  • GDPR, CCPA, and CPRA compliance
  • ISO-27001, ISO27032, and SOC 2 Type 2 certifications

Robert Arnold, Industry Director of Connected Work Research at Frost & Sullivan, observed, “In the modern digital workspace era, it is well past time to do away with routinely unproductive meetings that lose much of their usefulness when each participant takes away their own discrete, potentially disconnected insights and action items. The Meeting Insights application, under the leadership and guidance of AudioCodes’ executive team, is designed to enhance the productivity of busy knowledge workers that many organizations strive to achieve.”

Shabtai Adlersberg, AudioCodes CEO comments: “AudioCodes Meeting Insights, with its multi-platform support, frees enterprises to choose any single or multi-vendor meeting solution set for their environment with common user features and a single repository to secure and administer. Additional options such as on-premises deployment capability and more are available to further offer enterprises peace of mind. With enterprise-grade security and privacy compliance, this unified meeting solution protects sensitive corporate data while boosting individual productivity and organizational performance — avoiding the need for multiple AI note-takers, all while maintaining the highest security standards.” AudioCodes has a proven 30-year record of domain expertise in enterprise voice services with a history of innovation, highlighted by advanced conversational AI software as a service (SaaS) applications. These include Meeting Insights, Voca Conversational Interaction Center, a sophisticated intelligent enterprise meeting room as well as security, connectivity, and integration solutions.

“AudioCodes is a global company operating in over 120 countries and trusted by nearly 70% of the Fortune 100 companies. Built with enterprise-grade security and compliance, AudioCodes Meeting Insights aligns with organizational policies for recording and AI use, ensuring sensitive information is protected and used appropriately,” added Robert. Its multi-language, multi-platform capabilities — across Microsoft Teams, Zoom, and others — create an organizational repository for all meetings. With its strong overall performance, AudioCodes earns the 2025 Frost & Sullivan Global Competitive Strategy Leadership Award.

Each year, Frost & Sullivan presents this award to the company that has leveraged competitive intelligence to successfully execute a strategy that results in stronger market share, competitive brand positioning, and customer satisfaction.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Ashley Shreve
E: ashley.shreve@frost.com

About AudioCodes

AudioCodes Ltd. is a global leader in unified communications voice, contact center and conversational AI services and solutions for enterprises, enabling them to improve their customer experience (CX) and employee experience (EX) through enhanced communications and collaboration. Powered by AI, AudioCodes offers a comprehensive range of products, applications and SaaS services that provide seamless interoperability with the world’s leading unified communications as a service (UCaaS) and contact center as a service (CCaaS) platforms. Enterprises across the world, including 65 Fortune 100 companies, leverage AudioCodes expertise to enhance their productivity, collaboration, business process automation & intelligence, compliance and customer interaction. AudioCodes’ global reach is achieved via its expert sales and support teams, plus its worldwide community of certified resellers, integrators and service providers. For more information on AudioCodes, visit https://www.audiocodes.com/.

 

Yarbo Holds Donation Ceremony with Mon Sheong Foundation to Improve Resident Safety

RICHMOND HILL, ON, Feb. 3, 2025 /PRNewswire/ — Yarbo International Inc. (“Yarbo” or the “Company”) held the “Yarbo Care” Donation Ceremony with the Mon Sheong Foundation, during which Yarbo donated two autonomous snow blowers to the Foundation. The event, held at the Richmond Hill Municipal Offices, was attended by the city’s representatives, including Richmond Hill Mayor David West.

The Yarbo Snow Blower will be used to clear snow from high traffic areas around Mon Sheong Foundation’s facilities, helping to keep its residents and their visiting family and friends safe. Mon Sheong Foundation is the first organization in North America to adopt Yarbo’s snow blower for commercial use.

Founded in 1964, Mon Sheong Foundation is Canada’s first registered charity specializing in serving the Chinese community. The Foundation currently operates four long-term care centres that provide around-the-clock nursing and quality care services for seniors, physically or mentally disabled individuals, and those with dementia. Mon Sheong also provides senior apartments, a Chinese school, a youth group, community and volunteer services centres, and other services for people from all walks of life.

In celebration, Eumie Leung, Mon Sheong Foundation Chief Operating Officer, said: “Our staff is committed to the well-being of our community. We are pleased to adopt Yarbo’s new technologies to help create a safer, more accessible, and more welcoming environment for our residents and their families.”

Yarbo specializes in modular outdoor consumer robotics. Founded in 2015, the company made its mark with the Yarbo Core, a modular, autonomous yard maintenance robotics platform. The Yarbo Snow Blower is one of the products based on this platform.

Equipped with an AI-enhanced navigation system, a powerful two-stage snow-clearing mechanism, and the ability to traverse rough terrain, the Yarbo Snow Blower clears snow without human supervision. For the staff at Mon Sheong Foundation, this means gaining more time to support the needs of the senior residents.

Kenneth Kohlmann, Co-founder of Yarbo, said: “Yarbo is proud to contribute to Mon Sheong Foundation’s mission of giving back to the community by caring for the elderly. We’re confident that our snow blower will help improve safety and accessibility around the facilities during Canadian winters. Our goal is to ease the burden on their dedicated staff, allowing them to devote more time and energy to caring for their residents”

David West, Mayor of the City of Richmond Hill, said: “Thanks to Yarbo for supporting such an important organization in our community, one that has been doing and will continue to do great work in supporting our seniors. Snow creates mobility challenges for everyone, and it’s particularly difficult for the elderly. Anything that can be done at a facility like Mon Sheong to make things safer is greatly welcomed.”

About Yarbo

Established in 2015, Yarbo is a technology company aiming to create value and positively impact lives with intelligent outdoor robotics. The Yarbo is the world’s first autonomous, multi-purpose yard robot designed to fulfill over 20 yard care tasks, such as snow clearing, lawn maintenance, leaf blowing and more. With its modular design, wireless charging, and AI-powered intelligent pathing, Yarbo provides a stress-free, hands-free yard care experience.

Learn more at Yarbo.com

About Mon Sheong Foundation

Founded in Toronto in 1964 as a charitable organization to promote Chinese culture and heritage through caring for the elderly and nurturing the young, Mon Sheong Foundation is home to four long-term care centres, three Chinese school campuses, a Youth Group, two community and volunteer services centres, three independent living senior apartments, and private care and charity care units.

Learn more at Monsheong.org

CONTACT: Cecilia Qian, cecilia@impact5r.com

Lisen Launched the NO.1 Retractable Car Chargers Series on Amazon

NEW YORK, Feb. 3, 2025 /PRNewswire/ — As one of the leading global market leaders in mobile accessories, Lisen is constantly at the forefront of the market and product innovation. Whether you’re relying on your phone for navigation or music, a good car mount can keep it safe and within reach. But don’t stop there—keeping your devices fully charged and ready for anything is crucial, especially during long trips. This is the inspiration behind Lisen’s series of car chargers and accessories. Now, Lisen has launched a series of innovative retractable car chargers on Amazon, products that redefine the standard for technologically convenient life, allowing people to enjoy their journeys with happiness and peace of mind!

Lisen Car Charger Series
Lisen Car Charger Series

Lisen’s CEO, Hu Weimin, said: “The core of our product development and research is to address customer pain points.” The car charger with retractable cables will ensure your devices remain charged and ready for use, which is crucial, especially during long trips, effectively preventing the possibility of missing one of your car charger or cable. The retractable cable also helps keep the interior of your car tidy. At the same time, Lisen offers competitive pricing on Amazon for this series.

Lisen 69W 4-in-1 Square Retractable Car Charger 

Compact, efficient, and incredibly practical, the LISEN 4-in-1 69W Square Retractable Car Charger is perfect for keeping your devices charged on the go. With 69W of power, this charger provides fast charging for multiple devices, including iPhones, Android phones, and more. The retractable cables keep your car organized and your charging needs simple—No more tangled cords or clutter. It’s an ideal solution for anyone looking for a compact and reliable charging solution for their daily drives.

Key Features:

  • Compact & Space-Saving Design: Square-shaped model with a sleek, modern look, perfect for seamless integration into any car interior.
  • 69W High-Speed Charging: Delivers up to 69W total power, supporting fast charging for multiple devices simultaneously.
  • Efficient Dual USB Charging Ports: Equipped with USB-C ports (up to 15W) and USB-A ports (up to 12W), compatible with smartphones, tablets, and other devices.
  • Retractable Cable System: Built-in retractable cables for USB-C and USB-A, eliminating cable clutter and ensuring easy storage.
  • Universal Compatibility: Works with all major devices, including iPhone, Samsung, iPad, and more.

Lisen 96W 4-in-1 Retractable Car Charger with Voltage Display and Ambient Light

Take your charging experience to the next level with the LISEN 4-in-1 96W Retractable Car Charger. This premium charger features an advanced voltage display, so you can monitor your car’s charging performance at a glance. The added ambient light creates a soft glow that adds a touch of style to your car interior. With 96W of power, this charger ensures quick and efficient charging for all your devices, whether you’re on a short commute or a long road trip.

Key Features:

  • Powerful 96W Output: Provides up to 96W total power, ideal for charging multiple high-power devices like laptops, tablets, and smartphones at once.
  • Efficient Dual USB Charging Ports: Equipped with USB-C ports (up to 15W) and USB-A ports (up to 12W), ensuring fast and efficient charging for all your devices.
  • Retractable Cables for Convenience: Integrated retractable cables for USB-C and USB-A, offering a tidy and organized charging solution.
  • Wide Compatibility: Supports fast charging protocols like PD and QC, compatible with iPhone, Android, MacBook, and other devices.
  • Durable & Safe: Built with advanced safety features, including over-current, over-voltage, and short-circuit protection.

Lisen 69W 4 in1 69W Round Retractable Car Charger

The LISEN 4-in-1 69W Round Retractable Car Charger combines sleek design with practicality. The round shape fits seamlessly into your car’s interior while providing the same great performance as the square model. With 69W of power and multiple charging options, this charger is perfect for those who need a reliable and compact solution to keep their devices fully powered while driving. The retractable cables ensure your car stays clutter-free, making this charger both functional and aesthetically pleasing.

Key Features:

  • Sleek & Ergonomic Design: Rounded shape with a compact and stylish look, blending seamlessly into any car interior.
  • Efficient Dual USB Charging Ports: Equipped with USB-C ports (up to 15W) and USB-A ports (up to 12W), it supports fast charging for multiple devices simultaneously.
  • Retractable Cable System: Built-in retractable cables for USB-C and USB-A, offering a neat and organized charging experience.
  • Universal Compatibility: Compatible with a wide range of devices, including iPhone, Samsung, iPad, and more.
  • Portable & User-Friendly: Lightweight and easy to use, making it perfect for daily commutes and road trips.

LISEN 141W Square Dual Retractable Car Charger

For those who need extra power on the go, the LISEN Dual Cigarette Lighter Splitter Car Charger is the ultimate accessory. With two points of connection, this charger allows you to power multiple devices simultaneously. The retractable cables ensure there’s no mess, and the 69W power output ensures a quick charge for all your devices. Plus, with the 20% coupon, it’s a steal for anyone looking to upgrade their car charging setup.

Key Features:

  • Ultra-High 141W Power Output: Delivers up to 141W total power, making it perfect for charging multiple high-demand devices simultaneously, including laptops, tablets, smartphones, GPS devices, dash cams, and other digital accessories.
  • 5-in-1 Versatile Charging: Features 2 cigarette lighter ports (12V/7.5A, up to 90W each), 1 USB-C port (up to 15W), 1 USB-A port (up to 12W), and 1 retractable USB-C cable (up to 30W), supporting additional accessories like GPS units, dash cams, and portable coolers.
  • Retractable Cable System: Includes retractable USB-C and USB-A cables, providing a clutter-free and portable charging solution for your devices on the go.
  • All-in-One Design: Combines a cigarette lighter splitter and retractable charger, maximizing functionality and saving space in your vehicle.
  • Advanced Safety Protection: Equipped with multiple safety features, including over-current, over-voltage, and temperature control, ensuring safe and reliable charging for all your devices, from smartphones to dash cams.

About Lisen

Lisen is a leading provider of high-quality consumer electronics, specializing in car chargers, phone accessories, and other innovative products designed to improve the mobile experience. With a focus on advanced technology, durability, and customer satisfaction, LISEN continues to deliver cutting-edge solutions to users worldwide. For more products, visit Lisen Amazon Store.

Contact: LisenMedia, LisenTech@gmail.com 

HoneyNaps’ AI-Powered Sleep Diagnostic Software Designated as 73rd and 74th Innovative Medical Device by South Korea’s Ministry of Food and Drug Safety

  • Simultaneous approval of AI solutions for diagnosing sleep disorders and digital therapeutics for insomnia
  • Domestic certification secured following U.S. FDA approval
  • The only company to possess both AI algorithm development and hardware technology

BOSTON, Feb. 3, 2025 /PRNewswire/ — HoneyNaps, a leader in AI-based sleep data analysis, announced on December 16 that its AI-powered sleep disorder diagnostic software, “SOMNUM”, and its second-generation digital therapeutic for insomnia, “SOMNUM Medella,” have been designated as innovative medical devices by South Korea’s Ministry of Food and Drug Safety (MFDS).

[SOMNUM and SOMNUM Medella]
[SOMNUM and SOMNUM Medella]

What Are Innovative Medical Devices?

Innovative medical devices are advanced technologies integrating high-intensity innovations in fields such as information technology, biotechnology, and robotics. These devices offer significantly enhanced safety and efficacy compared to conventional products. The MFDS designates innovative medical devices in areas like AI medical devices, digital therapeutics, and robotic surgical systems.

Products with this designation enjoy various benefits, such as expedited regulatory review processes and preferential participation in government-supported programs.

Details of SOMNUM and SOMNUM Medella

  • SOMNUM: Designated as the 73rd innovative medical device, SOMNUM is a deep learning-based AI interpretation system that can analyze multi-channel, time-series, and large-scale biometric data in real time. Unlike traditional image-based systems, SOMNUM is built on explainable AI (XAI) technology to enhance transparency and reliability.
  • SOMNUM Medella: Designated as the 74th innovative medical device, SOMNUM Medella leverages HoneyNaps’ proprietary contactless sleep data monitoring system, “SOMNUM Scanning.” This system combines objective sleep analysis data with AI to create personalized treatment modules for insomnia, maximizing patient compliance and treatment outcomes.

HoneyNaps’ Unique Position

The MFDS has designated 74 innovative medical devices to date, with only seven companies receiving multiple designations. HoneyNaps stands out as the sole company with capabilities in both AI algorithm development and hardware technology. 

Decades of Innovation Recognized

A representative from HoneyNaps commented, “For over a decade, we have focused on developing solutions spanning the entire spectrum of sleep data sensing, analysis, diagnosis, and treatment. We are thrilled that our technological innovations and efforts have been officially recognized through this designation.”

Building on the U.S. FDA approval secured in 2023, the company aims to enhance its sleep data platform to better suit domestic medical needs, supporting healthcare professionals in delivering accurate diagnoses and effective treatments for sleep disorders. 

For further information, please contact:
HoneyNaps USA, Inc.
Christine Kwon / Managing Director
Email: sleep@honeynaps.com
Address: #517, SPACES, 361 Newbury Street, Boston, MA, 02115
Website: www.honeynaps.com

Lunit Partners with SITC to Launch Exclusive Research Program Featuring Advanced AI Technology for SITC Members

Lunit SCOPE® IO now available to SITC members for AI-powered TME profiling, in a collaborative effort to advance cancer immunotherapy

SEOUL, South Korea, Feb. 3, 2025 /PRNewswire/ — Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, has entered into a partnership with the Society for Immunotherapy of Cancer (SITC). This collaboration will launch the “Lunit Research Program” for SITC members, granting access to Lunit SCOPE® IO for quantitative immune phenotyping and tumor microenvironment (TME) analysis from H&E whole slide images (WSIs).

Lunit and SITC collaborate to offer SITC members exclusive access to Lunit SCOPE IO for AI-driven tumor microenvironment analysis.
Lunit and SITC collaborate to offer SITC members exclusive access to Lunit SCOPE IO for AI-driven tumor microenvironment analysis.

SITC is the world’s leading member-driven organization specifically dedicated to improving cancer patient outcomes by advancing the science and application of cancer immunotherapy.

Through this program, Lunit and SITC will support academic and non-profit researchers who are SITC members by offering use of Lunit’s AI model, Lunit SCOPE IO, at no cost. The program will enable participants to conduct advanced analyses of histologic features from H&E whole slides images, including cell identification such as Tumor-Infiltrating Lymphocytes (TILs), macrophages, endothelial cells, and more; tissue segmentation; and quantitative immune phenotyping (e.g. inflamed, excluded, and desert), providing valuable insights for biomarker discovery and immunotherapy research.

Lunit SCOPE IO is an AI solution developed to quantify histology from H&E WSIs, bridging the gap between pathology and precision oncology. Its advanced capabilities provide researchers with insights into the immune landscape of tumors, enabling the identification of biomarkers predictive of immunotherapy response. This innovative approach supports the discovery of novel treatment strategies and enhances cancer immunotherapy research.

Lunit SCOPE IO leverages advanced deep learning algorithms to provide:

  • Quantitative Immune Phenotyping: Classifying the tumor microenvironment into inflamed, excluded, and desert phenotypes provides actionable insights for immunotherapy strategies.
  • TIL Analysis: Identifying and quantifying Tumor-Infiltrating Lymphocytes, a key biomarker for immune response.
  • Comprehensive TME Profiling: Analyzing histologic features including stromal and immune components such as fibroblasts, macrophages, and endothelial cells.
  • Support for Biomarker Discovery: Enabling researchers to identify novel biomarkers and assess correlations with therapeutic outcomes in cancer immunotherapy.

This initiative aligns with Lunit’s mission to bring AI-powered image analysis into routine cancer diagnostic research and clinical practice. By collaborating with SITC, the global authority in immunotherapy, Lunit aims to enhance immunotherapy research conducted by leading experts in oncology, pathology, and immunology.

Program Highlights

  • Eligibility: The program is open to SITC members affiliated with academic or non-profit research institutions, holding positions such as faculty member, research scientist, or postdoctoral fellow. Applicants must demonstrate expertise in oncology, pathology, or immunology.
  • Application Process: Eligible members can submit a brief study outline (1-2 pages) and the principal investigator’s CV. The application period runs from February 1 to April 30, with a review process taking 2-3 months.
  • Resources Provided: Participants will receive complimentary access to Lunit SCOPE IO for analysis of H&E slides, as well as optional slide scanning services at cost.
  • Desired Outcomes: The program encourages peer-reviewed publications and conference presentations detailing findings from studies using Lunit SCOPE IO.

Timeline and Key Dates

  • Application Period: February 1April 30, 2025
  • Review and Notifications: May – July 2025
  • Project Start Date: Summer 2025

“Through our partnership with SITC, we are enabling researchers to harness Lunit SCOPE IO’s advanced AI capabilities for a deeper understanding of the tumor microenvironment,” said Brandon Suh, CEO of Lunit. “We eagerly look forward to the discoveries and advancements this collaboration will bring, shaping the future of cancer immunotherapy and delivering more precise treatments to patients.”

“For forty years, SITC has been at the forefront of driving the immuno-oncology field in an effort to positively affect patient outcomes,” said Mary Dean, Executive Director of SITC. “SITC is excited to make this benefit available to its members, enabling advancement to their impactful research.”

Contact Information

For inquiries about the program, please contact:

About Lunit

Founded in 2013, Lunit (KRX:328130.KQ) is a medical AI company on a mission to conquer cancer. Lunit harnesses AI-powered medical image analytics and biomarker analysis to ensure accurate diagnosis and optimal treatment for each cancer patient. The FDA-cleared Lunit INSIGHT suite for cancer screening serves over 4,500 medical institutions across 55+ countries.

Lunit clinical studies have been published in top journals, including the Journal of Clinical Oncology and the Lancet Digital Health, and presented at global conferences such as the ASCO and RSNA. In 2024, Lunit acquired Volpara Health Technologies, setting the stage for unparalleled synergy and accuracy, particularly in breast health and screening technologies. Headquartered in Seoul, South Korea, with a network of offices worldwide, Lunit leads the global fight against cancer. Discover more at lunit.io.

About SITC

Established in 1984, the Society for Immunotherapy of Cancer (SITC) is a nonprofit organization of medical professionals dedicated to improving cancer patient outcomes by advancing the development, science and application of cancer immunotherapy and tumor immunology. SITC is comprised of influential basic and translational scientists, practitioners, health care professionals, government leaders and industry professionals around the globe. Through educational initiatives that foster scientific exchange and collaboration among leaders in the field, SITC aims to one day make the word “cure” a reality for cancer patients everywhere. Learn more about SITC, our educational offerings and other resources at sitcancer.org and follow us on X, LinkedIn, Facebook and YouTube.

Nibertex Raises Pre-Series A Funding to Scale Production Amid Surging Demand

SINGAPORE and LOS ANGELES, Feb. 3, 2025 /PRNewswire/ — Deep-tech startup Nibertex, a pioneer in waterproof breathable membranes, has successfully closed its pre-Series A funding round with participation from Foxmont Capital Partners and ADB Ventures – the impact investment arm of the Asian Development Bank, and other prominent family offices in the region.

The Nibertex manufacturing facility in the Philippines, where cutting-edge PFAS-free electrospun polyurethane membranes are produced, enabling global brands to meet sustainability goals amidst tightening regulatory restrictions.
The Nibertex manufacturing facility in the Philippines, where cutting-edge PFAS-free electrospun polyurethane membranes are produced, enabling global brands to meet sustainability goals amidst tightening regulatory restrictions.

The funding will be deployed to ramp up production capacity, enabling Nibertex to meet growing demand from the consumer textiles market while positioning itself for expansion into adjacent sectors such as protective textiles, automotive ventilation, healthcare, and personal protective equipment.

Nibertex’s breakthrough in developing PFAS-free electrospun polyurethane (“ePU”) membranes positions the company as a critical player in addressing this global challenge while delivering eco-conscious solutions to meet consumer and regulatory demands.

PFAS are “forever chemicals” or toxic substances known for their persistence in the environment and links to cancer and other health risks. With bans on PFAS in textiles looming across the EU, California, and New York, global brands are urgently seeking sustainable solutions.

Nibertex’s PFAS-free membranes deliver unmatched waterproofing and breathability performance for textiles. The company has pioneered the scalable production of PFAS-free ePU membranes through its two state-of-the-art manufacturing plants in the Philippines, demonstrating that it can meet global demand while aligning with stricter environmental regulations and standards. These membranes are critical for global brands seeking sustainable, high-performance materials amidst tightening regulatory restrictions on harmful chemicals like PFAS.

“This pre-Series A funding is a testament to the trust our investors place in our technology and the potential of our market,” said Jaemin Park, co-founder of Nibertex. “The demand for sustainable, high-performance materials has never been higher, and this investment allows us to accelerate production and meet the growing needs of our clients across multiple industries.”

Nibertex has seen a surge in orders from global textile brands and is gaining traction in high-value sectors such as firefighter fabrics and professional applications. The company also continues to push the boundaries of electrospinning technology for new applications in mattresses, automotive, and healthcare solutions.

ADB Ventures’ support underscores the importance of finding sustainable alternatives to widely used industrial materials. “Nibertex’s technology supports the global shift towards the use of safer and more sustainable materials,” said Charles Cole Navarro, of ADB Ventures. “By eliminating PFAS and delivering high-performance waterproof breathable membranes, Nibertex is addressing a critical global challenge. We look forward to supporting its growth as it expands beyond textiles into new industries.” 

Jelmer Ikink, Founding Partner at Foxmont Capital Partners said, “We are very happy to have worked closely with ADB Ventures on this round, which highlights proof of Nibertex’s impact. The growth and potential Nibertex has shown over the last quarters have exceeded our expectations, and we are proud to have made a follow-on commitment to fuel Nibertex’s growth.”

The funds will also support Nibertex in scaling production lines at its second facility, expanding R&D efforts for professional textiles, and building capacity to meet future demand in emerging applications.

Having secured this pre-Series A milestone, Nibertex now sets its sights on a Series A round in 2025 to further build out production capacity in response to already existing demand, as it continues to lead the charge in sustainable, high-performance nanofiber technology.

About Nibertex    

Founded in 2019, Nibertex is a deep-tech startup revolutionizing nanofiber technology. With proprietary electrospinning processes, Nibertex produces PFAS-free nanofiber membranes that are lightweight, breathable, and durable. These membranes serve industries spanning technical textiles, healthcare, filtration, automotive, and professional applications.

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 3rd

NEW YORK, Feb. 3, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) is proud to offer a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

 

NYSE CONTENT ADVISORY: PRE-MARKET UPDATE FOR FEBRUARY 3rd

Kristen Scholer delivers the pre-market update on February 3rd

  • February volatility arrives as traders digest tariffs
  • President Trump placed tariffs on goods from China, Mexico, and Canada
  • Amazon & Alphabet scheduled to report earnings this week

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