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INMOTION Unveils V9: A New Benchmark for Electric Unicycles

SHENZHEN, China, Feb. 21, 2025 /PRNewswire/ — INMOTION Technologies Co., Ltd., a global leader in intelligent personal mobility, has officially launched the V9, a groundbreaking electric unicycle that sets a new industry standard. Designed to enhance safety, intelligence, and entertainment, the V9 aims to accelerate the adoption of electric unicycles and further drive the industry’s growth.  

The World’s First UL-Certified Electric Unicycle
The World’s First UL-Certified Electric Unicycle

Enhanced Safety and Intelligence: Redefining Industry Standards

The INMOTION V9 is the world’s first electric unicycle to receive TÜV Rheinland UL2272 certification, ensuring compliance with stringent North American safety standards. Additionally, it is the first unicycle equipped with the RideConnect function, featuring 4G remote locking, ride tracking, and 24/7 online monitoring—even when the device is powered off. With app-based remote access, users can check battery health, adjust ride modes, and enjoy a safer, more convenient riding experience.

Unparalleled Riding Experience: Lightweight and High-Performance

Built for both comfort and performance, the V9 features the Nimbus Air suspension system, providing smooth rides on various terrains. It is powered by high-end Samsung battery cells, rigorously tested under extreme temperatures, and managed by an advanced Battery Management System (BMS) to ensure safety and longevity. The Raptor M controller, combined with the Ultra-Control balance system, delivers precise, stable power output for optimal ride control.

Entertainment on the Go: Music, Lights, and More

Beyond performance, the V9 enhances the riding experience with Light-Pulse ambient lighting, offering 256 colors and customizable lighting effects to match any mood or style. The built-in high-fidelity stereo dual speakers support group ride audio sync, allowing riders to enjoy music with your friends together and create an immersive outdoor concert-like experience.

Driving Industry Growth: Making Electric Unicycles More Accessible

As a pioneer in the electric unicycle industry, INMOTION is committed to expanding market adoption and educating consumers.
“The V9 is not just a product—it’s a major step toward making electric unicycles a mainstream mode of transportation,” said INMOTION’s CEO, WangYu. “We aim to break down barriers and make this technology more accessible. To achieve this, we have prioritized industry promotion, user education, and market expansion over short-term profits.”

Shaping the Future of Micro-Mobility

With its cutting-edge technology, superior quality, and user-centric design, INMOTION continues to redefine industry standards for electric unicycles. The launch of the V9 is not just an innovation—it’s a commitment to driving the future of micro-mobility and enabling more riders to experience the freedom and excitement of electric unicycles.

Watch the launch event: https://www.youtube.com/@INMOTIONSCV

Know more about INMOTION V9: https://bit.ly/4b70Gga

About INMOTION

Founded in 2012, INMOTION Technologies Co., Ltd. is a global leader in short-distance transportation, specializing in electric unicycles, e-scooters, and micro-mobility solutions. With a strong focus on innovation and quality, INMOTION is dedicated to transforming personal transportation and providing users with smarter, more convenient ways to move.

BROADCOM FOUNDER HENRY SAMUELI IS 2025 IEEE MEDAL OF HONOR LAUREATE, FIRST RECIPIENT OF NEWLY INCREASED $2 MILLION PRIZE, AMONG THE WORLD’S MOST PRESTIGIOUS TECHNOLOGY-FOCUSED AWARDS

Samueli Transformed How Society Communicates, Connects, and Does Business Through His Pioneering Research and Commercialization of Broadband Communication and Networking Technologies

PISCATAWAY, N.J., Feb. 21, 2025 /PRNewswire/ — IEEE, the world’s largest technical professional organization advancing technology for humanity, today announced that Henry Samueli is the 2025 IEEE Medal of Honor Laureate and the first recipient of its $2 million monetary prize. This highest of IEEE awards is bestowed on Samueli, an IEEE Fellow, in recognition of his pioneering research and advances in developing and commercializing analog and mixed signal communications systems circuits, which led to the explosive growth of broadband communication, wired and wireless networking technologies used today. A prominent philanthropist, Samueli is also honored for his significant support for science, technology, engineering, and math (STEM) education.

“IEEE Medal of Honor Laureate Henry Samueli’s vision and communications technology innovations spurred the development of products used by nearly every person around the world,” said 2025 IEEE President and CEO Kathleen Kramer. “From the billions of consumer smart phones, set-top boxes and tablets to laptops, and IoT devices, Samueli created new and novel ways to power connections and unite humanity.”

As a UCLA electrical engineering professor, Samueli used his knowledge to conceive digital signal processing architectures for broadband communications chips, and after founding Broadcom, built the world’s first digital cable set-top-box modem chipset. This laid the foundation for delivering UltraHD, HDTV and high quality video streaming to the home, and today, the company is a global leader in semiconductor technologies for wired and wireless communications.

“Through broadband, Henry Samueli helped revolutionize how the world is connected, fostered cultural and economic paradigm shifts of countless industries, and positively changed how we do everything today,” added K. J. Ray Liu, Chair of the Ad Hoc Committee on Raising the Prestige of IEEE Awards and 2022 IEEE President and CEO. “In addition, his prolific philanthropy has deeply impacted many lives for the better – from generous support of STEM education to a pledge to give away the majority of his money during his lifetime. These contributions are exemplary for technologists, modeling the impact they can have not just on the world they live in, but for those who follow them.”

Additional information about the 2025 IEEE Medal of Honor Laureate Henry Samueli, as well as the history of the prize can be found at:

The 2025 IEEE Medal of Honor, as well as additional high-profile IEEE awards, will be presented at the 2025 IEEE Honors Ceremony on April 24, 2025, which will for the first time be held in Tokyo, Japan.

About IEEE Awards
For more than a century, the IEEE Awards Program has served as the world’s top peer-recognition program, acknowledging preeminent leaders and visionaries in science, technology, and engineering advancement. Through the program, IEEE recognizes pivotal contributions in fields of interest to IEEE that advance technology for the benefit of humanity.

For more information, please visit, or follow IEEE Awards on X|Twitter, Facebook, and LinkedIn.

About IEEE
IEEE is the world’s largest technical professional organization and a public charity dedicated to advancing technology for the benefit of humanity. Through its highly cited publications, conferences, technology standards, and professional and educational activities, IEEE is the trusted voice in a wide variety of areas ranging from aerospace systems, computers, and telecommunications to biomedical engineering, electric power, and consumer electronics. Learn more at https://www.ieee.org.

Contact:
Monika Stickel
+1 732 562 6027
m.stickel@ieee.org 

Francine Tardo
+1 732 465 5865
f.tardo@ieee.org

FIRST AND ONLY TREATMENT FOR CHRONIC HYPOPARATHYROIDISM APPROVED IN AUSTRALIA

  • YORVIPATH® (palopegteriparatide) is now registered by the Therapeutic Goods Administration (TGA) for the treatment of chronic hypoparathyroidism in adults1
  • First-in-class novel PTH replacement therapy
  • Australia becomes the first country to obtain Marketing Authorisation for YORVIPATH since FDA approval

SINGAPORE, Feb. 21, 2025 /PRNewswire/ — Independent biopharmaceutical company Specialised Therapeutics (ST) welcomes the registration of YORVIPATH® (palopegteriparatide) by the Therapeutic Goods Administration (TGA), “for the treatment of chronic hypoparathyroidism in adults”.1,2 YORVIPATH was granted an Orphan Drug Designation and assessed through the TGA’s Priority Review pathway.3,4 It is the first and only medicine to be listed on the Australian Register of Therapeutic Goods (ARTG) for the treatment of chronic hypoparathyroidism.

Hypoparathyroidism is a rare, complex endocrine disease, affecting an estimated 6.4-37 per 100,000 people globally.5,6 It is an endocrine disorder in which the production of parathyroid hormone (PTH) by the parathyroid glands is abnormally low or absent, causing low levels of calcium (hypocalcaemia) and high levels of phosphorous (hyperphosphataemia) in the blood.7,8 This impacts proper functioning of nerves and muscles, leading to weakness, muscle spasms or cramps, headaches, hair loss, numbness or tingling, and memory problems.8,9 Individuals with hypoparathyroidism may experience a range of severe and potentially life-threatening short-term and long-term complications, including neuromuscular irritability, renal complications, extraskeletal calcifications, and cognitive impairment.10

Leading Australian Endocrinologist and Head of the School of Clinical Sciences at Monash Health, Professor Peter Ebeling AO, applauded the TGA approval of YORVIPATH in addressing an unmet medical need for Australian adults diagnosed with chronic hypoparathyroidism.

“Until now, the only treatment option for adults with chronic hypoparathyroidism has been conventional therapy with calcium and active vitamin D supplementation to keep blood calcium levels normal,” said Professor Ebeling. “While these treatments help to manage the symptoms of hypoparathyroidism, they do not address the underlying deficiency of PTH and contribute to the significant pill burden for patients.”

“The lack of effective therapeutic options has been an urgent medical need in this area, and the local approval of YORVIPATH represents an important advance in the treatment of chronic hypoparathyroidism in Australia,” said Professor Ebeling. 

YORVIPATH is a first-in-class PTH replacement therapy. A prodrug of parathyroid hormone (PTH [1-34]), YORVIPATH is administered subcutaneously once daily, with sustained release of active PTH designed to provide PTH levels in the physiological range for 24 hours/day.11

YORVIPATH’s approval in Australia was supported by the results of Ascendis Pharma’s Phase 3 PaTHway trial, a 26-week randomised, double-blind, placebo-controlled study with a 156-week open-label extension, published in the Journal of Bone and Mineral Research.12 Involving 84 adults with chronic hypoparathyroidism, the clinical trial demonstrated the efficacy, safety and tolerability of YORVIPATH as a once-daily PTH replacement therapy.

Data from the pivotal trial showed 93% (57/61) of YORVIPATH-treated patients achieved independence from both active vitamin D and therapeutic doses of elemental calcium, which was associated with a clinically meaningful reduction in their daily pill burden.12

The safety analysis demonstrated YORVIPATH was generally well-tolerated, with the most frequently reported adverse reactions being injection site reactions (21.6%), headache (18.7%), and paraesthesia (13.7%).2

In addition to the significant short-term and long-term medical complications of chronic hypoparathyroidism, individuals diagnosed with the condition also experience reduced health-related quality of life, including the negative impact of symptoms on their daily life and work productivity.12

Chief Executive Officer of the Australian Thyroid Foundation (ATF), Beverley Garside, acknowledged the significance of the TGA approval in offering adults living with chronic hypoparathyroidism the opportunity to improve their health and wellbeing. However, she reinforced that this is not the time for complacency, as it is just the first step towards securing subsidised access to an important new treatment option for this community.

“As the leading national voice for good thyroid health in Australia, the ATF recognises the importance of the TGA registration of YORVIPATH as a new treatment option for the hypoparathyroid community. While this is positive news, it is only the first step,” said Ms Garside. “For adults diagnosed with chronic hypoparathyroidism to truly benefit from this new treatment, it is essential they have the option of subsidised and affordable access to YORVIPATH through the Pharmaceutical Benefits Scheme as quickly as possible.”

YORVIPATH is being made available in Australia by Specialised Therapeutics (ST), under an exclusive distribution agreement with global biopharmaceutical company Ascendis Pharma A/S that covers Australia, New Zealand, Singapore, Malaysia, Brunei, Thailand, and Vietnam. The Australian registration of YORVIPATH follows approvals issued to Ascendis Pharma by the United States Food and Drug Administration (US FDA)13 in August 2024 and the European Medicines Agency (EMA)14 in November 2023.

“The Australian approval of YORVIPATH reflects our values and dedication to applying science to help address the significant unmet medical needs expressed by the hypoparathyroidism community,” said Roy Khoury, Vice President, Head of International Markets at Ascendis Pharma. “We are pleased to partner with Specialised Therapeutics to broaden access to this innovative therapy, based on our TransCon technology, which offers a new approach to the treatment of this often-debilitating rare disease.”

ST Chief Executive Officer, Mr Carlo Montagner, said the approval of YORVIPATH was a meaningful milestone, but the company would not stop until it achieved reimbursement for eligible Australians with hypoparathyroidism through the Pharmaceutical Benefits Scheme (PBS).

“We are proud to have brought the first and only TGA-registered treatment for chronic hypoparathyroidism to Australians living with the condition so rapidly following the recent FDA and EMA approvals,” said Mr Montagner. “Chronic hypoparathyroidism has considerable and life-long wide-ranging impacts on these individuals and we are committed to working with the local hypoparathyroidism community and the Australian Government to ensure YORVIPATH is accessible to eligible patients through the PBS at the earliest opportunity.”

YORVIPATH will be reviewed by the Pharmaceutical Benefits Advisory Committee (PBAC) at its first meeting of the year, to be held from 12-14 March 2025. YORVIPATH will be made available for prescribing in Australia once it has been listed on the PBS.

PBS Information: YORVIPATH is not listed on the Pharmaceutical Benefits Scheme (PBS).

About Specialised Therapeutics

Founded in 2007, Specialised Therapeutics is the region’s largest independent specialty pharmaceutical company, providing new therapies and technologies to patients in Australia, New Zealand and across Southeast Asia. Headquartered in Singapore, ST partners with global pharmaceutical, biotech and diagnostic companies to bring novel healthcare opportunities to patients who are impacted by a range of diseases. ST has built a strong track record of success, navigating complex regulatory, reimbursement and commercialisation environments in its diverse regions. The ST mission is to provide specialty therapies where there is an unmet need. The company’s broad therapeutic portfolio currently includes novel agents in oncology, haematology, CNS, neurology, endocrinology, ophthalmology and supportive care, although it is not confined to these areas. ST is a member of the World Orphan Drug Alliance (WODA).

Additional information can be found at www.stbiopharma.com

About Ascendis Pharma

Ascendis Pharma is applying its innovative TransCon technology platform to build a leading, fully integrated biopharma company focused on making a meaningful difference in patients’ lives. Guided by its core values of patients, science and passion, the company uses its TransCon technologies to create new and potentially best-in-class therapies. Ascendis is headquartered in Copenhagen, Denmark and has additional facilities in Europe and the United States. Please visit: ascendispharma.com to learn more.

About Hypoparathyroidism10

Hypoparathyroidism is an endocrine disease caused by insufficient levels of parathyroid hormone (PTH), the primary regulator of calcium and phosphate balance in the body, acting directly on bone and kidneys and indirectly on the intestines. Individuals with hypoparathyroidism may experience a range of severe and potentially life-threatening short-term and long-term complications, including neuromuscular irritability, renal complications, extra-skeletal calcifications, and cognitive impairment. Post-surgical hypoparathyroidism accounts for the majority of cases (70-80%), while other etiologies include autoimmune and idiopathic causes.

About PaTHway12

The PaTHway trial was a double-blind, placebo-controlled, 26-week, Phase 3 study that assessed the efficacy and safety of PTH replacement therapy with palopegteriparatide for individuals with hypoparathyroidism. Participants (n=84) were randomised 3:1 to once-daily palopegteriparatide (initially 18 μg/d) or placebo, both co-administered with conventional therapy.

The study drug and conventional therapy were titrated according to a dosing algorithm guided by serum calcium. The composite primary efficacy endpoint was the proportion of participants at week 26 who achieved normal albumin-adjusted serum calcium levels (8.3–10.6 mg/dL), independence from conventional therapy (requiring no active vitamin D and ≤600 mg/d of calcium), and no increase in study drug over 4 weeks before week 26. At week 26, 79% (48/61) of participants treated with palopegteriparatide versus 5% (1/21) with placebo met the composite primary efficacy endpoint (p < 0.0001). Additionally, 93% (57/61) of participants treated with palopegteriparatide achieved independence from conventional therapy. Palopegteriparatide treatment normalised mean 24-hour urine calcium. Overall, 82% (50/61) treated with palopegteriparatide and 100% (21/21) with placebo experienced adverse events; most were mild (46%) or moderate (46%). No study drug-related withdrawals occurred.

About YORVIPATH® (palopegteriparatide)

YORVIPATH® (palopegteriparatide, developed as TransCon™ PTH) is a once-daily prodrug providing sustained release of active PTH. It was approved by the European Union as a parathyroid hormone (PTH) replacement therapy for the treatment of adults with chronic hypoparathyroidism15 and the United States for the treatment of hypoparathyroidism in adults13. Treatment should be initiated and monitored by physicians or qualified healthcare professionals experienced in the diagnosis and management of patients with hypoparathyroidism.

Yorvipath® is a registered trademark of Ascendis Pharma A/S (NASDAQ: ASND).

References:

  1. Therapeutic Goods Administration. Australian Register of Therapeutic Goods (ARTG). Available at: https://www.tga.gov.au/australian-register-therapeutic-goods. [Accessed Dec 2024].
  2. YORVIPATH (palopegteriparatide) AU Product Information.
  3. Therapeutic Goods Administration. Prescription medicine determinations and designations: Notice for palopegteriparatide (Specialised Therapeutics Pharma Pty Ltd) – Orphan drug designation. Available at: https://www.tga.gov.au/resources/designations-determinations/notice-palopegteriparatide-specialised-therapeutics-pharma-pty-ltd. [Accessed Dec 2024].
  4. Therapeutic Goods Administration. Prescription medicine determinations and designations: Notice for palopegteriparatide (Specialised Therapeutics Pharma Pty Ltd) – Priority review. Available at: https://www.tga.gov.au/resources/designations-determinations/notice-palopegteriparatide-specialised-therapeutics-pharma-pty-ltd-0. [Accessed Dec 2024].
  5. Siggelkow H, Pacaud D, et al. Clin Endocrinol (Oxf). 2020;92(2).
  6. Bjornsdottir S, Sikjaer T, et al. J Bone Miner Res. 2022;37(12).
  7. Australian Thyroid Foundation. Thyroid Facts: Parathyroid Glands – Hypoparathyroidism. Available at: https://thyroidfoundation.org.au/Parathyroid-Glands [Accessed Dec 2024].
  8. National Organization for Rare Disorders. Disease Overview: Hypoparathyroidism – Symptoms, Causes, Treatment, 14 August 2024. Available at: https://rarediseases.org/rare-diseases/hypoparathyroidism/ [Accessed Dec 2024].
  9. Endocrine Society. Endocrine Library: Patient Resources; Hypoparathyroidism, 24 January 2022. Available at: https://www.endocrine.org/patient-engagement/endocrine-library/hypoparathyroidism [Accessed Dec 2024].
  10. Bilezikian JP. J Clin Endocrinol Metab. 2020;105(6):1722-1736. doi:10.1210/clinem/dgaa113.
  11. YORVIPATH (palopegteriparatide) US Prescribing Information.
  12. Khan AA, Bilezikian JP, Cusano NE, et al. J Bone Miner Res. 2023;38(1). 
  13. US Food and Drug Administration. FDA approves new drug for hypoparathyroidism, a rare disorder, 9 August 2024. Available at: https://www.fda.gov/drugs/news-events-human-drugs/fda-approves-new-drug-hypoparathyroidism-rare-disorder [Accessed Dec 2024].
  14. European Medicines Agency. Yorvipath: Palopegteriparatide, 17 November 2023. Available at: https://www.ema.europa.eu/en/medicines/human/EPAR/yorvipath [Accessed Dec 2024].
  15. YORVIPATH (palopegteriparatide).EU Summary of Product Characteristics.

 

NAVER D2SF-Backed PranaQ® Receives FDA 510(k) Clearance for TipTraQ, an AI-Enabled Home Sleep Apnea Test

SEOUL, South Korea, Feb. 21, 2025 /PRNewswire/ — PranaQ, backed by NAVER D2SF continues to push the boundaries of AI-powered healthcare solutions. NAVER D2SF, NAVER’s corporate venturing arm, actively collaborates with startups to drive innovation and sustainable growth. This investment underscores NAVER D2SF’s commitment to advancing AI and healthcare technologies on a global scale.

PranaQ, a pioneer in AI-powered sleep diagnostics, has received U.S. Food and Drug Administration (FDA) 510(k) clearance for TipTraQ, a single-point-of-contact home sleep apnea test wearable that provides comprehensive sleep and respiratory insights with minimal sleep disruption. With FDA clearance, PranaQ is set to launch nationwide, making TipTraQ available to sleep clinics, telehealth providers, and hospitals.

TipTraQ is a compact wearable that uses advanced biosensors and AI algorithms to detect sleep apnea events and analyze sleep architecture with clinical-grade accuracy. The device enables patients to undergo testing from the comfort of their homes, reducing barriers to diagnosis and improving patient compliance.

The wearable includes a charging case and supports remote data transfer, so patients don’t need to return the device after each night. This makes it ideal for seamless multi-night testing and continuous treatment monitoring, giving healthcare providers a comprehensive and longitudinal view of patients’ sleep at home.

In addition to its comprehensive sleep parameters, TipTraQ is cleared for its ability to identify sleep apnea severity cutoffs of 5 (mild), 15 (moderate), and 30 (severe) under both the AASM 1a and 1b rules, delivering actionable insights to support well-informed clinical decisions.

“Receiving FDA clearance for TipTraQ is a significant milestone in our mission to revolutionize sleep diagnostics and monitoring,” said Jerry Chen, CEO of PranaQ. “With millions of undiagnosed sleep apnea sufferers, TipTraQ enables accessible and reliable at-home testing, helping more people receive timely diagnosis and treatment.”

Meanwhile, TipTraQ’s accuracy has been validated through clinical trials across North America and Asia, including Duke University Hospital and UCSF, demonstrating high sensitivity and specificity compared to gold-standard polysomnography (PSG).

It also achieves exceptional SpO₂ accuracy across all skin tones. By addressing a well-documented limitation in pulse oximetry, it ensures consistent and reliable nocturnal oxygen monitoring, further enhancing its effectiveness in diagnosing sleep apnea and prioritizing health equity.

Aatif M. Husain, MD, Chief of Epilepsy, Sleep, and Clinical Neurophysiology at Duke University Hospital, commented, “TipTraQ represents a breakthrough in home-based sleep apnea testing. By integrating AI-driven analysis with a user-friendly wearable, this device can significantly improve early detection and treatment accessibility.

About PranaQ

PranaQ is a digital healthcare company that develops wearable medical devices for sleep and breathing disorders. Its products feature AI-based biomedical signal-processing algorithms designed to monitor and analyze health conditions. Founded in 2021 and based in New York City, PranaQ is dedicated to empowering individuals with better knowledge and control over their medical treatments by making diagnostics and monitoring more accessible, efficient, and patient-centered.

For more information on TipTraQ, visit www.pranaq.com or email contact@pranaq.com.

About NAVER D2SF

NAVER D2SF is NAVER’s corporate venturing(CV) arm, taking on greater challenges and fostering more sustainable growth through collaboration with startups. Founded in 1999, NAVER is a rare example of a domestic search engine that has maintained its top position in South Korea for over 20 years and has established a strong presence in various business sectors including commerce, content, fintech, and cloud services. In addition to its own offerings, NAVER is building a strong global business portfolio through partnerships with industry-leading companies, including Poshmark, and Wattpad. NAVER recorded sales of KRW 9.6 trillion (USD 6.9 billion) in 2023. At the same time, under the technological vision of D2(For Developers, By Developers), we are actively developing new technologies and collaboration initiatives to grow into a global tech company.

To learn more, visit https://d2startup.com/en.

Oregon Tool, Inc. Announces New Money and Recapitalization Transactions to Bolster Liquidity and Optimize Capital Structure

  • $150 million of new money to boost liquidity,

  • reduction of pre-transaction debt by over $75 million, and

  • extended maturities dates to Q4 2029

PORTLAND, Ore., Feb. 20, 2025 /PRNewswire/ — Oregon Tool, Inc. (the “Company”) a global leader and manufacturer of professional-grade cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing industries announced today the closing of three separate, highly beneficial financing transactions (the “Transactions”). The Transactions were supported by a substantial majority of the capital structure, including 100% of RCF lenders, approximately 83% in amount of existing term loans, and approximately 81% in amount of existing unsecured notes. Subsequent to the Transactions, the Company expects to make one or more exchange offers to additional holders of existing terms loans and existing unsecured notes. The Transactions provide material benefits to the Company.

On February 18, 2025, the Company caused its newly formed subsidiary, Oregon Tool Lux LP, a Luxembourg entity (the “NewCo”), to issue approximately $156 million principal amount of new first lien debt, in the form of term loans (“NewCo First Lien Term Loan”). On the same day, the Revolving Credit Facility lenders exchanged, at par, into a new first lien Revolving Credit Facility, at NewCo (the “New Revolver”). On February 19, 2025, an ad hoc group of Term Loan lenders (“Term Loan AHG”) and an ad hoc group of holders of Term Loans and Notes (“Crossholder AHG”) extended the maturity of their term loans to October 2029. On February 20, 2025, Term Loan AHG and Crossholder AHG lenders, at the Company’s election, (i) refinanced or committed to refinance, at a discount, all existing Term Loans maturing in October 2029 and (ii) committed to exchange all notes held by the Term Loan AHG and Crossholder AHG members, into a mix of new second lien term loans (“Second Lien Term Loan”) and new third lien notes (“Third Lien Notes”) at NewCo. The New Revolver, the NewCo First Lien Term Loan, Second Lien Term Loan, and Third Lien Notes, have maturities of October 15, 2029. In addition, the Company’s existing ABL lenders extended the maturity of the Company’s ABL Credit Facility to October 15, 2029.

In connection with the Transactions, the participating lenders consented to the adoption of certain amendments to the existing term loan facility, which are now effective. Among other modifications, the amendments eliminated restrictive covenants in the existing debt.

As a result of the Transactions, the Company increased its liquidity by approximately $150 million (before giving effect to the use of proceeds thereof) and reduced its pre-transaction debt obligations by over $75 million.

“This transaction positions the Company for long-term success and benefits our key stakeholders,” said Terry Hames, President and CFO of Oregon Tool, Inc. “The transaction deleverages our balance sheet through discount capture, provides critical liquidity for our operational needs through $150 million of new money, and extends maturities to Q4 2029. We are in position to continue investing in our strategic initiatives to develop innovative solutions for our customers, execute on identified operational efficiencies, and drive long-term profitable growth.”

PJT Partners LP served as financial advisor and Milbank LLP served as legal counsel to the Company. Perella Weinberg Partners LP served as financial advisor and Davis Polk & Wardwell served as legal counsel to the Term Loan AHG. Lazard served as financial advisor and Paul, Weiss, Rifkind, Wharton & Garrison LLP served as legal counsel to the Crossholder AHG. Cahill, Gordon & Reindel served as legal counsel to RCF and ABL lenders.

This press release shall not constitute an offer to sell or a solicitation of an offer to buy nor shall there be any offer, solicitation or sale of securities by the Company in any state in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state.

About Oregon Tool, Inc.

Oregon Tool, Inc. is a global, premium-branded, precision-cutting-tool powerhouse platform. The company’s portfolio of brands specializes in professional grade precision cutting tools for forestry, lawn and garden; farming, ranching and agriculture; and concrete cutting and finishing. Headquartered in Portland, Oregon, with a multinational manufacturing and distribution footprint, Oregon Tool, Inc. sells its products in more than 110 countries under the Oregon®, Woods®, ICS®, Pentruder®, Merit®, and Carlton® brands. The company is a global leader in manufacturing of saw chain and guide bars for chainsaws and diamond saw chain for concrete and pipe, a leading manufacturer of agricultural tractor attachments and lawn mower blades, and the leading OEM supplier of first-fit and replacement parts. Learn more at www.oregontool.com

Media Contact

Oregon Tool Communications
communications@oregontool.com

 

Clip On, Move Bold: Get Creative with the Baseus Bowie MC1 Open-Ear Earbuds

LAS VEGAS, Feb. 20, 2025 /PRNewswire/ — In the world of evolving sound engineering, Baseus has always had its finger on the pulse. With a longstanding commitment to being the best consumer electronics brand, Baseus is set on creating innovative, flexible, and minimalist products that center around customer needs before anything else. After all, the name ‘Baseus’ originates from our core value “Base on User”. Now, Baseus is thrilled to introduce the Bowie MC1 Open-ear Earbuds – a genius feat of sound engineering that prioritizes comfort, adaptability, and sound quality.

Baseus Bowie MC1 Open-ear Earbuds
Baseus Bowie MC1 Open-ear Earbuds

The Baseus Bowie MC1 Open-ear Earbuds were crafted to fit seamlessly into any lifestyle. From the daily work schedule and sports sessions to the student life and fashion industry. These earbuds are equipped to inspire creative storytelling and ensure a fresh perspective on how you see – and hear – the world. Let’s take a look at some of the main highlights of the Baseus Bowie MC1 Open-ear Earbuds:

Comfortable Open-ear Clip-on Design: Your comfort is the main priority with the Baseus Bowie MC1 Open-ear Earbuds. The innovative open-ear clip-on design ensures that you have a comfortable listening experience without any ear canal pressure or fatigue – ensuring that you can wear the earbuds all day without a problem. The Bowie MC1 earbuds have a 5.2g lightweight design and ensure long-lasting comfortable wear throughout the day. Simply clip the earbuds gently onto your ears and they stay perfectly in place. The open-ear structure also ensures your safety in crowded areas or around traffic by allowing you to ensure you stay aware of your surroundings while enjoying quality sound – this is ideal for jogging, cycling, or traveling.

AI-Enhanced Dynamic Bass: Another great feature of the Baseus Bowie MC1 Open-ear Earbuds is its AI adaptive bass enhancement. This allows the earbuds to conduct precise sound detection at a rate of 48,000 times per second – intelligently adapting for enhanced bass to ensure immersive audio. This feature dynamically compensates for bass and increases bass details. The additional directional sound tech also minimizes sound leakage – providing a private listening experience.

3-Magnet Dynamic Driver: The Bowie MC1 earbuds are further structured for sound clarity with a three-magnet dynamic driver and an 0.8mm larger amplitude – ensuring improved full sound clarity and soundstage width. This professional engineering design produces richer bass and detailed high frequencies for superior sound – and the professionals agree. The Bowie MC1 earbuds are recommended and endorsed by Berklee professors and GRAMMY and EMMY award winners.

Adaptive Call Noise Cancellation: Sound clarity during calls is a must. This is why the Bowie MC1 earbuds use adaptive Deep Neural Network (DNN) algorithms for noise reduction. This allows the earbuds to intelligently identify and isolate sounds during calls to provide enhanced voice clarity in more than 3,000 DNN noise cancellation applications. The earbuds also use 2 noise-canceling mics to ensure crystal-clear voice communication in complex environments. For example, while running or cycling, the earbuds will cancel out wind noise in the background and isolate your voice for stable sound clarity during calls.

Snug Fit with Anti-Drop Design: The Bowie MC1 clip-on earbuds are designed for ultimate comfort. Baseus has developed its own Cloud Airbag design that ensures cloud-soft comfort while staying securely in your ears. This design improves stability by 198% and comfort by 200%. An innovative Four-Point Support structure also provides an Anti-Drop design – ensuring your earbuds don’t fall out of your ears during strenuous activities like exercising or running. The flexible C-bridge structure also adapts to different ear shapes and allows you to seamlessly wear the Bowie MC1 clip-on earbuds with your glasses and other accessories.

IP57 Waterproof and Dustproof: The MC1 earbuds are built to withstand the elements in any situation. With an IP57 waterproof and dustproof rating, you can keep the music playing whether you’re caught up in the rain or sweating it out at the gym. Baseus adapts to your needs and gives you peak performance in every condition.

Customizable Button Control: Take control of your sound experience with a customizable button interface on your earbuds. For seamless control at your fingertips, download the Baseus app and customize your earbud button controls to suit your needs.

The Baseus Bowie MC1 Open-ear Earbuds introduce a new era of comfort and adaptability to the everyday lifestyle of the user. These earbuds are carefully constructed and built on the premise of making life easier while still providing professional-grade sound. Baseus looks forward to leading the shift toward user-centric product designs and creative engineering that revolutionizes the sound industry for good.

Availability

The Baseus Bowie MC1 Open-ear Earbuds are now available on Amazon at a special promotional price of $49.99 for both Cosmic Black and Moon White, after applying a $20 coupon to the MSRP price of $69.99.

About Baseus

Founded in 2011, Baseus was born out of utmost care for users. The company embodies its slogan: Practical. Reliable. Base on User. This shows the pursuit of ultimate practicality to solve users’ problems with outstanding design and fashionable appearances that also reflect reliability, high quality, and cost-effectiveness. Baseus delivers a variety of products – including Portable Chargers, Desktop Chargers, Wall Chargers, Wireless Earbuds, and Docking Stations. Chosen by 300 million users and providing 6 billion services, Baseus delivers over 100 million practical and aesthetic products each year, continuously enhancing users’ sense of fulfillment. Join the Baseus family today to see a new world of technological innovation.

Media Contact:
Name: Baseus PR Team
Phone: +1 (213) 512-7063
Email: pr@baseus.com
Baseus Technology (HK) Co., Ltd
Baseus Official Website: https://www.baseus.com/

 

 

 

Xiao-I Corporation Unveils tAIkbox 1: Turning Frustrating Automated Calls into Exceptional Customer Service

ROCKVILLE, Md., Feb. 20, 2025 /PRNewswire/ — Xiao-I Corporation (NASDAQ: AIXI), a trailblazer in artificial intelligence, today launched tAIkbox 1 in the U.S., a game-changing AI-powered device set to redefine customer service. Unlike the clunky, infuriating automated systems that leave callers shouting “customer service” in exasperation, tAIkbox 1 delivers interactions so smooth and intuitive they rival the best human agents—powered by Xiao-I’s Hua Zang large language model and seamless hardware integration.

Why This Matters: Fixing a Broken Experience

Let’s face it—current call center automation is a nightmare. Endless menus, misheard commands, and robotic responses drive customers up the wall. Xiao-I, with over a decade of leadership in China’s intelligent voice market, saw the problem and built tAIkbox 1 to solve it. This isn’t just another AI tweak; it’s a revolution. By understanding natural speech, anticipating needs, and responding with human-like finesse, tAIkbox 1 turns a hated chore into a delight—whether booking a doctor’s appointment or troubleshooting a retail return.

How It Works: Simple, Smart, Superior

tAIkbox 1 plugs into existing phone and computer systems with data cables—no IT overhaul required. Its onboard computing power and advanced algorithms handle everything, delivering instant, plug-and-play performance. Businesses get a no-fuss upgrade; customers get service that feels personal, not programmed. Think of it as the difference between a soulless chatbot and your favorite, problem-solving concierge.

Tapping a Booming U.S. Market

The U.S. customer service sector is hungry for better solutions, according to the US Census Bureau, the industry revenue for telephone call centers is projected to reach USD 21.82 billion in 2024, with a compound annual growth rate (CAGR) of approximately 1.2% since 2012. Xiao-I’s timing is spot-on. From hospitality’s virtual concierges to healthcare’s streamlined scheduling, tAIkbox 1 targets high-impact industries—hospitality, healthcare, travel, retail—promising happier customers and leaner operations.

Leadership Perspective

We‘ve all yelled at a robo-agent and gotten nowhere, said a spokesperson. tAIkbox 1 changes that. With Xiao-I’s proven AI expertise from China, they’re bringing U.S. businesses a tool that makes every call feel like talking to the best customer service rep imaginable. It’s not just efficiency—it’s a total rethink of what AI can do.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China, offering a diverse range of business solutions and services in artificial intelligence. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable for a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

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 ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). 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, including under the section entitled “Risk Factors” in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of 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.

For investor and media inquiries, please contact:

Ms. Berry Xia
Email: ir@xiaoi.com

Bybit P2P Block Trade Refreshes 2025 Rewards with AMAs

DUBAI, UAE, Feb. 20, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is pleased to announce 10,000 USDT in bonuses for P2P traders looking to up their games in 2025 in the Bybit P2P Block Trade Giveaway. The event starts today until Mar. 28, 2025 and offers three winning tracks for block traders and merchants to unlock the total prize pool. From Feb. 17 to 21, 2025, Bybit P2P has also been hosting interactive AMAs across regions, helping interested users get ahead of the curve with Bybit P2P’s features, bonus schemes, and the latest trends in P2P.

Throughout the week of Feb. 17, a series of virtual AMA workshops has offered an in-depth look into P2P trading, market and product insights, and local offers and platform highlights. During the interactive AMAs, users get to learn more about how to make the most of Bybit P2P’s benefits and standout features, as well as the opportunity to win up to 60 USDT for eligible live participants. The next one is scheduled for 10:00PM UTC on Feb. 20, 2025 for the LATAM community on Youtube.

Bybit P2P block trading allows two parties to privately buy or sell larger amounts of digital assets on Bybit’s ultra user-friendly interface. Leveraging Bybit’s robust platform function and matching engine, the service spares users the need to place regular orders, reducing slippage risks and often comes with lower fees. Exclusive on Bybit P2P, eligible users may sign up for the event to qualify for one of the three prize pools on a first-come, first serve basis from now until Mar. 28, 2025:

  1. New Users Exclusive: First-time block traders may share in a 3,500 USDT prize pool. With a 175 USDT bonus for the lucky winners, the potential rewards spells an auspicious start of their block trading journey.
  2. For All Users: The first 35 users to execute a block trading order at at least 20,000 USDT will receive a 100 USDT bonus. Block merchants are not eligible for this perk.
  3. Block Merchants Exclusive: Another 150 USDT bonus is reserved for each of the first 20 block merchants who fulfil at least 50,000 USDT in trading volume.

Bybit P2P Block Trade Refreshes 2025 Rewards with AMAs
Bybit P2P Block Trade Refreshes 2025 Rewards with AMAs

“Stakes can be high in a dynamic market and a maturing P2P ecosystem, and Bybit is here to support our customers, no matter their ticket size. We want to craft a trading experience that is both rewarding and frictionless for our P2P traders,” said Joan Han, Sales and Marketing Director at Bybit

Bybit offers an open marketplace ripe with earning opportunities and potential rewards for users holding diverse crypto assets. With competitive trading limits from 10,000 to 200,000 USDT in a single order, Bybit P2P Block Trade is a trusted avenue, effectively bridging a gap in the market for users leveling up their P2P trading strategies. Users may find out more about the entry requirements for Bybit P2P Block Trading, and stay tuned to Bybit’s official channels for details about the upcoming AMAs.

#Bybit / #TheCryptoArk

About Bybit

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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