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HTX Ventures Invests in Kelp DAO to Accelerate Restaking Innovations

HTX Ventures

Singapore / May 21, 2024 – With a commitment to broadening the reach and usability of blockchain technologies, HTX Ventures, the global investment arm of the cryptocurrency exchange HTX, has announced a strategic investment in Kelp DAO, a triple-income re-pledge protocol based on EigenLayer. Kelp DAO has secured $9 million in its latest round of strategic private sales, which will support its vision to reshape the DeFi and restaking ecosystem. This funding will enable Kelp DAO to further develop its cutting-edge technology, expand its offerings, and refine its liquid restaking solutions. Currently, Kelp offers liquid restaking across the Ethereum mainnet and nine Layer 2 solutions, including Arbitrum, Blast, Linea, Base, and Scroll. "We are excited to support Kelp DAO," said Edward, Managing Partner at HTX Ventures. "Their focus on enhancing user experience and driving developer experimentation is pivotal to the early success of restaking. We believe Kelp's innovative approach will transform the DeFi landscape, and we are thrilled to be part of their journey." Dheeraj Borra, Co-founder at Kelp, shared, "This fundraise not only fuels our operational capabilities but also validates the vision we have for Kelp, which is now shared by our investors. We're excited to scale our solutions and enhance user experience even further with their support.” HTX Ventures is thrilled to support innovative projects like Kelp DAO, which offers a much-needed, user-friendly, and scalable solution. Users can stay connected with Kelp DAO through their official website and social media channels for the latest product updates. About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures currently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most active Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including Figment Capital, Dragonfly, Bankless Ventures, Animoca, Shima, and IVC. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures About HTX Ventures HTX Ventures, the global investment division of HTX, integrates investment, incubation, and research to identify the best and brightest teams worldwide. With a decade-long history as an industry pioneer, HTX Ventures excels at identifying cutting-edge technologies and emerging business models within the sector. To foster growth within the blockchain ecosystem, we provide comprehensive support to projects, including financing, resources, and strategic advice. HTX Ventures presently backs over 200 projects spanning multiple blockchain sectors, with select high-quality initiatives already trading on the HTX exchange. Furthermore, as one of the most vigorous Fund of Funds (FOF) investors, HTX Ventures collaboratively forges the blockchain ecosystem alongside premier global blockchain funds, including IVC, Shima, and Animoca. Contact Details Michael Wang glo-media@htx-inc.com Company Website https://www.htx.com/en-us/ventures

May 23, 2024 10:38 AM Eastern Daylight Time

News Release

Lomiko Metals Secures $16.7 Million Grant from Department of Defense for Graphite Project

Lomiko Metals Inc

Lomiko Metals CEO Belinda Labatte joined Steve Darling from Proactive to announce a significant milestone: the company has been awarded a Department of Defense Technology Investment Agreement (TIA) grant of $8.35 million. Under this agreement, Lomiko will match the funding over a period of five years, resulting in a total agreement value of $16.7 million with the DoD. Labatte explained that the grant falls under Title III of the Defense Production Act and is funded through the Inflation Reduction Act, aimed at ensuring energy security in North America. The funding is specifically designated to strengthen and expand the industrial base for natural flake graphite in the region. This marks one of the first instances where the Department of Defense has granted TIA funding to a Canadian management team and asset at this stage of development. Additionally, Lomiko has been approved for a non-repayable contribution agreement of CA$4.9 million from the Critical Mineral Research, Development, and Demonstration program administered by Natural Resources Canada, bringing the total project funding to CA$6.6 million. The primary objective of the program is to pilot the proposed graphite upgrading process and convert La Loutre natural flake graphite into battery-grade anode material. With this funding secured, Lomiko will focus on completing a Pre-Feasibility Study, metallurgical studies and bulk sample, and a Definitive Feasibility Study. This grant represents a significant boost for Lomiko Metals and underscores its commitment to advancing graphite production and contributing to North America's energy security. Contact Details Proactive North America +1 604-688-8158 na-editorial@proactiveinvestors.com

May 23, 2024 10:13 AM Eastern Daylight Time

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PathAI and Aster Insights Partner to Deliver Combined AI-Derived Structured Pathology and Multimodal Real-World Data Solutions

PathAI

PathAI, a global leader in AI-powered pathology, and Aster Insights, the leading provider of scientific and clinical intelligence for oncology discovery, today announced a multi-year strategic partnership to develop curated multimodal datasets that pair PathAI’s PathExplore 1 artificial intelligence (AI) tumor microenvironment (TME) quantification panel with Aster Insights’ Avatar clinical, molecular, and digital pathology imaging data. By combining their respective best-in-class platforms, PathAI and Aster Insights will be able to expedite the development of novel insights to accelerate the discovery and development of new treatments for patients with cancer. The partnership will allow PathAI to utilize digital whole slide imaging (WSI) from Aster Insights’ Oncology Research Information Exchange Network ® (ORIEN). ORIEN ® members participate in Total Cancer Care ® (TCC), the world’s largest and longest-running observational research study in oncology, which has accrued over 400,000 patients to date. Digital pathology images contain a wealth of untapped data, and PathAI’s PathExplore is the world’s first structured, standardized, and scalable product that leverages AI to characterize the TME from routinely available hematoxylin and eosin (H&E) stained digital WSIs. PathExplore exhaustively detects and classifies the millions of cell and tissue regions across H&E WSIs to provide researchers access to important insights, such as patterns of immune cell infiltration and presence of complex tissue structures. These data are critical for better understanding existing treatments and the development of novel therapeutics. PathExplore features are paired with Aster’s Avatar multimodal data including tumor whole exome and whole transcriptome sequencing, which allows researchers to follow a patient throughout their cancer journey and access rich information about their cancer biology. Avatar provides a powerful set of data, allowing for a deeper understanding of disease pathology, and what happens to patients when they are exposed to certain treatments. “Analysis of histopathology images uniquely allows researchers to define and quantify spatial changes in the tumor microenvironment resulting from treatment or disease progression,” said Andy Beck, M.D., Ph.D., Chief Executive Officer and Co-founder of PathAI. “Our collaboration with Aster Insights is empowering researchers with robust multimodal datasets to explore hypotheses such as identifying and analyzing novel histological biomarkers correlated with patient treatment, outcomes, and gene expression.” “Our approach to leveraging AI with multimodal data will lead to new information and deeper insights than currently possible,” said Anand Shah, M.D., Chief Executive Officer of Aster Insights. “Together with PathAI, we are creating new knowledge that is critical for researchers and life sciences partners to expand therapeutic options.” PathAI and Aster Insights are offering these joint solutions to biopharma customers to support targeted and pan-cancer initiatives across the drug development lifecycle. For more information, please contact Aster Insights and PathAI. You can also connect with both companies at ASCO in Chicago, IL, from May 31-June 4, 2024. Footnotes 1 PathExplore is For Research Use Only. Not for use in diagnostic procedures. About PathAI PathAI is the only AI-focused technology company to provide comprehensive precision pathology solutions from wet lab services to algorithm deployment for clinical trials to the industry leading AISight Image Management System. Rigorously trained and validated with data from more than 15 million annotations, its AI-powered models can be leveraged to optimize the analysis of pathology samples to improve efficiency and accuracy of pathology interpretation, as well as to better gauge biomarker status and accelerate drug development for complex diseases. For more information, please visit www.pathai.com. About Aster Insights Aster Insights is the leading provider of scientific and clinical intelligence for oncology discovery. We partner with drug, biologics, diagnostics, and medical device developers to accelerate oncology product discovery and development. Aster Insights leads the Oncology Research Information Exchange Network® (ORIEN), a consortium of the nation's leading cancer centers that conduct Total Cancer Care®, the world's largest and longest running observational research study in oncology. Together, we are changing the way cancer is studied, treated, and prevented. Learn more at www.AsterInsights.com and follow us on LinkedIn and Twitter. Contact Details SVM Public Relations and Marketing Communications Maggie Naples +1 401-490-9700 pathai@svmpr.com Aster Insights Dawn Thomas-Smith dawn.thomas-smith@asterinsights.com Company Website https://www.pathai.com/

May 23, 2024 10:00 AM Eastern Daylight Time

Chirpley Unveils Game-Changing Marketplace V3. Revolutionizing Influencer Marketing

Plato AI

Amsterdam, Netherlands, May 23rd, 2024 – In a momentous stride forward, Chirpley has officially launched Version 3 of its marketplace. This marks a pivotal moment in the evolution of Chirpley, promising to redefine the landscape of influencer marketing and campaign collaboration. Buidling Through the Bear Market The journey of Chirpley through the bear market has been one of resilience and and improving its platform, laying the groundwork for a transformative version 3 launch. This launch is set to elevate the influencer marketing experience for both brands and influencers. Chirpley: Empowering Small Influencers with AI Chirpley operates as an online marketplace specifically tailored for small influencers. Harnessing the power of Artificial Intelligence (AI) and machine learning, Chirpley introduces automated influencer campaigns populated by nano-micro influencers, providing a valuable resource for Small and Medium-sized Enterprises (SMEs). The platform integrates AI plugins to streamline the entire collaboration process for brands and influencers. From content suggestions to automated processes, Chirpley ensures a seamless experience, making influencer marketing more accessible and efficient. Collaborations with Industry Giants Through strategic partnerships with renowned brands such as Sony Music, Warner Music, and Hello Fresh, Chirpley opens the doors for everyday individuals to participate in campaigns for major brands in the Netherlands. This democratization of influencer marketing aligns with Chirpley’s belief that everyone can be an influencer, leveraging their unique interests to promote products effectively. Empowering Small Businesses with Cost-Effective Campaigns For small businesses, Chirpley offers unique, and cost-effective influencer campaigns by tapping into the interconnected network of influencers. Imagine a local bakery initiating influencer marketing; Chirpley can connect them with small influencers within a 2-10km radius, enabling effective local promotion without the need for large-scale influencers. Diverse Services Tailored to Your Needs With the integration of TikTok, Instagram, and Facebook, Chirpley goes beyond traditional influencer marketing, offering a range of unique services, including: Music Marketing: Providing uique influencer services for music-related promotions. Video Marketing: Harnessing the power of influencers for impactful video campaigns. Ambassadorship: Establishing long-term relationships between influencers and brands. Sample Marketing: Distributing product samples through influencers Product Marketing: Showcasing and promoting specific products through influencers. Affiliate Marketing: Implementing affiliate programs through influencers. Barter Exchange: Facilitating non-monetary collaborations between influencers and brands. Event Promotion: Utilizing influencers for the promotion of events. User Generated Content Campaigns at Scale: Fostering campaigns centered around content created by users. With Chirpley Marketplace V3, the future of influencer marketing has arrived. This platform aims to democratize influence, empowering both influencers and brands, regardless of their size, to engage in impactful collaborations that resonate with audiences far and wide. The revolution has begun, and Chirpley is leading the charge. Socials: Telegram: @chirpley Twitter: https://x.com/chirpley Website: chirpley.ai Source: Plato Data Intelligence Contact Details Bryan Feinberg +1 551-574-2169

May 23, 2024 09:47 AM Eastern Daylight Time

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Kefi Gold and Copper Launches Tulu Kapi Gold Mines Project in Ethiopia

KEFI Gold and Copper PLC

Kefi Gold and Copper Executive Chairman Harry Anagnostaras-Adams joined Steve Darling from Proactive to announce a significant milestone: the formal launch of the Tulu Kapi Gold Mines Project in the Federal Democratic Republic of Ethiopia. According to Anagnostaras-Adams, the TKGM Board, comprising representatives from both KEFI and the Ethiopian Federal and Oromia Regional Governments, has been established to oversee the project's development. This decision to launch Tulu Kapi follows the deployment of dedicated site policing and the swift confirmation of conditions by all members of the Project's finance syndicate. Several key milestones are expected to be achieved before September, including the completion of preparation for community resettlement, detailed engineering for procurement, and community consultations on social development plans. Additionally, recruitment and other organizational development initiatives are underway. From an economic perspective, the project is projected to yield significant benefits. At the current gold price of approximately US$2,350/oz, the Tulu Kapi Gold Mines Project is anticipated to generate hard currency exports averaging US$377 million per annum. Furthermore, royalties and taxes are expected to amount to US$69 million on average annually, while operating expenditures are projected to reach US$119 million per annum, with a focus on preferential procurement locally, subject to quality and price considerations. The launch of the Tulu Kapi Gold Mines Project marks a significant step forward in Kefi Gold and Copper's strategic objectives and underscores its commitment to sustainable development and economic growth in Ethiopia. Contact Details Proactive UK Ltd +44 20 7989 0813 uk@proactiveinvestors.com

May 23, 2024 09:29 AM Eastern Daylight Time

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Makers of STEPN, take major leap with STEPN GO, a social-lifestyle app with new gaming token, GGT

STEPN

FSL, the global gaming and development studio behind web3 lifestyle app STEPN, NFT marketplace MOOAR, and social-strategy game Gas Hero, has officially announced the launch of STEPN GO. The new product is a social lifestyle app that rewards your daily movement and social interactions. Today marks an exciting milestone with the release of the STEPN GO Whitepaper and Tokenomic model. The game introduces a new token, GO GAME TOKEN (GGT), which users can earn by walking, jogging, and running with digital NFT Sneakers. There will also be a PvP game feature that allows users to earn GMT, the FSL Ecosystem token. The original STEPN app was launched in 2021 and remains the world’s leading ‘Move and Earn’ application, pioneering the genre of gamified web3 fitness applications. With over 5.6 million registered users and over 1 million Sneaker NFTs owned by players, STEPN achieved monumental success, acquiring a global community. STEPN has partnered with prolific brands over the years including ASICS, Steve Aoki, and most recently adidas. STEPN was also the first blockchain gaming app to integrate Apple Pay, creating a seamless onboarding experience for web2 native users. Yawn Rong, Co-Founder of FSL commented, “The STEPN community has been requesting social features within the app since the early days of STEPN. Therefore, we’re so excited to reveal these new features, which will propel STEPN GO into mainstream adoption. In addition to the Haus Mechanism and Interactive Map, we will also implement PvP elements within the app. Community is at the heart of everything we do at FSL, and we are ecstatic to announce this monumental milestone today, reinforcing our commitment to empowering and engaging our users.” Building on the success of STEPN, FSL has designed unique social features within STEPN GO. The first key social element is the ‘Haus System’, which is a lending system that allows users to share their Sneaker NFTs with friends and family members who are new to the app, and split their earnings. This system will enable easy onboarding for new users to enjoy the app and kickstart their fitness journey. Another unique feature will be the ‘Interactive Map’, which will allow users to see other players' avatars and even add them as friends within the platform. This Interactive Map will also allow users to drop messages that can be found by other players out doing STEPN GO runs. Jerry Huang, Co-Founder of FSL added, “With STEPN GO, anyone can onboard their friends and family to web3 without needing to create a wallet or even buy NFTs. Exercise will be more fun and rewarding. We will combine fitness with many enjoyable experiences, including having your own customizable avatars with unique outfits!” The Alpha Version of STEPN GO is set to launch by Q3 2024 with a Sneaker NFT Alpha Prize Draw lasting one month. A total of 3,000 Sneaker NFTs will be distributed within the app. To enter, users will be required to lock GMT. Access to the Alpha Prize Draw will be limited to FSL ID users, ensuring the most loyal FSL community members are rewarded. An additional 2,000 Sneakers will also be given away via the STEPN X account and STEPN GO Discord. Make sure to follow STEPN on X for your chance to win a Sneaker and gain early access. About STEPN GO Building on the success of STEPN, the pioneering move-and-earn platform, STEPN GO revolutionizes social fitness in everyday life. Buy, borrow, or lend your Sneakers to earn rewards by staying active. Your rewards can be used to level up, cash out, or flex your online appearance, fostering both physical activity and social connections. About STEPN STEPN is Web3’s leading lifestyle app with over 5.6 million registered users. By incentivizing exercise through rewards, the app requires users to purchase a virtual Sneaker NFT and earn rewards through walking, jogging, or running. Over the years, STEPN has partnered with some prolific brands, including adidas, Atlético De Madrid, Steve Aoki, ASICS, and DeGods. About FSL Founded in 2021, FSL is a global gaming and development studio connecting players to Web3 through fun and rewarding gaming experiences. FSL’s mission is to introduce individuals to Web3 while encouraging healthy living and combating climate change. The FSL ecosystem includes STEPN, MOOAR, DOOAR, and Gas Hero. For more information, visit fsl.com. Contact Details FSL Mattina Hiwaizi +44 7582 408538 mattina@stepn.com Company Website https://fsl.com/

May 23, 2024 09:00 AM Eastern Daylight Time

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DB Schenker Americas Earns IATA Lithium Battery Transport Certification

DB Schenker

DB Schenker, a global leader in logistics and supply chain solutions, is proud to announce the successful acquisition of the Center of Excellence for Independent Validators (CEIV) Lithium Batteries Certification for its United States airfreight operations from the International Air Transport Association (IATA). This significant achievement underscores DB Schenker's commitment to setting the standard for safely and efficiently handling lithium battery shipments, a critical component in today’s technology-driven market. John McDonald, EVP of Americas for Airfreight, DB Schenker, said, “The CEIV Lithium Batteries program, crafted by IATA, is an industry-recognized certification that represents a company's ability to meet the stringent guidelines and standards for the logistics of lithium batteries. The certification confirms DB Schenker's proficiency in the safe transport of these items, which are essential for powering a vast array of devices and systems essential to modern life and commerce.” DB Schenker embarked on a rigorous certification journey marked by a series of in-depth training sessions, self-assessments, and meticulous documentation reviews. Barbara England, Sr. Director of Operations for Airfreight, DB Schenker, said, “The process began with comprehensive training, where Air Export Operations personnel and Air Product Management teams completed the IATA Lithium Battery Logistics Safety Management Certification Program. Following this, DB Schenker conducted a thorough self-assessment to ensure alignment with IATA’s exacting standards.” Brendan Sullivan, IATA’s Global Head of Cargo, said, "Congratulations to DB Schenker for achieving CEIV Lithium Batteries Certification for their operations in the United States. This accomplishment underscores the company's unwavering commitment to excellence in logistics within the rapidly growing sector. DB Schenker’s dedication to the safe handling of shipments is something their customers will undoubtedly value. Furthermore, the industry stands to benefit from the quality benchmark that they are helping to establish.” The assessment phase took place at DB Schenker's facility in Franklin Park, IL, where an IATA assessor meticulously evaluated the company's operations, processes, and adherence to the CEIV Lithium Batteries audit checklist. This checklist, featuring over 200-line items, required DB Schenker to demonstrate the highest level of precision and commitment to safety standards. Upon completion of the assessment, the findings underwent a rigorous validation process by IATA, culminating in the certification being awarded on January 29, 2024, with the notable distinction of zero non-conformities – a testament to DB Schenker's diligent preparation and dedication to excellence. The implications of receiving the CEIV Lithium Batteries certification are far-reaching for DB Schenker. This certification is not only a validation of DB Schenker’s unwavering dedication to safety and quality but also positions the company to meet the surging demand for the transportation of lithium battery products. Clients and partners can now have even greater confidence in DB Schenker’s capabilities to handle their shipments with the utmost care and expertise. Looking to the future, DB Schenker views this certification as a cornerstone of its ongoing strategy to expand its specialty in transporting dangerous goods. The company is already planning to extend the CEIV Lithium certification to additional global sites and is confident in pursuing further certifications for other dangerous goods, irrespective of the mode of transport. This certification aligns with DB Schenker's strategic vision to lead the logistics industry in safety, efficiency, and reliability. With the growing reliance on lithium batteries across multiple sectors, DB Schenker is well-prepared to support its customers with the highest level of service. The CEIV Lithium Batteries certification is valid for two years, during which DB Schenker will engage in continuous improvement and compliance to maintain this status. Refresher training for key personnel will be conducted, and new assessments will ensure ongoing adherence to the rigorous standards set forth by IATA. ### About DB Schenker Americas DB Schenker is one of the largest Integrated Logistics Service Providers in the Americas, with more than 10,000 employees in 123 locations providing over 27 million sq. ft. of distribution operations to its clients. DB Schenker's Americas presence includes Argentina, Brazil, Canada, Chile, Guatemala, Mexico, Panama, Peru, United States, and Venezuela. DB Schenker offers land transport and air and ocean freight, as well as comprehensive logistics solutions and global supply chain management services from a single source. With integrated partners across the Americas, DB Schenker provides the best combination of intimate local practices, knowledge, and global capabilities. About DB Schenker With around 72,700 employees at more than 1,850 locations in over 130 countries, DB Schenker is one of the world's leading logistics service providers. The company operates land, air, and ocean transportation services, and it also offers comprehensive logistics and global supply chain management solutions from a single source. Aiming for a sustainable future of the logistics industry, DB Schenker continuously invests in innovative transport solutions, renewable energies, and low-emission products for its customers. Contact Details Nicholas Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.dbschenker.com

May 23, 2024 09:00 AM Eastern Daylight Time

Islamic Circle of North America Anticipates Over 30,000 Attendees at its 49th Annual Convention

Islamic Circle of North America

Islamic Circle of North America (ICNA) will host its annual convention centered around the theme of unshakable faith: trusting the will of God on May 25th-27th. The event is expected to host more than 30,000 attendees and will feature a diverse group of speakers, workshops, and activities aimed at promoting unity and community building. The convention is open to all people and families who seek to strengthen their understanding and connection to the Islamic faith. Speakers and workshops will cover a range of topics, including but not limited to: Islamic principles, family dynamics, youth development, social justice, and interfaith relations. At the same time, attendees will have the opportunity to engage with scholars, activists, and leaders who are experts in these areas. The ICNA Convention brings a surge of visitors to Baltimore, leading to increased hotel bookings, restaurant patronage, and overall spending in the city. This influx of attendees significantly benefits the tourism industry, with local hotels experiencing higher occupancy rates during the convention period. In addition, the increased foot traffic in restaurants, cafes, and eateries boosts revenue for local businesses and stimulates economic activity. Furthermore, the ICNA Convention promotes community engagement and philanthropy. Attendees participate in various community service initiatives and charitable activities, contributing to local charities and nonprofit organizations. This not only strengthens Baltimore's social fabric but also supports its economic well-being. “ICNA is thrilled to host this convention, an event that we have worked hard to make accessible and inclusive to everyone who wants to learn and grow in their faith,” said ICNA President Dr. Mohsin Ansari. “We are particularly proud of this year’s theme of unshakable faith and trusting the will of God. With the ongoing tragedy in Gaza weighing heavily on global consciousness, now more than ever, it's imperative for those with faith to stand steadfast in their beliefs as we persevere in the pursuit of justice." Registration for the convention is open and can be completed through ICNA’s website. The organization has put measures in place to ensure a safe and inclusive environment for all attendees. ICNA recently released a statement in support of the student protest taking place across College campuses across the United States, demanding a ceasefire in Gaza. About ICNA Islamic Circle of North America (ICNA) is a nonprofit 501(c)(3) and the largest Muslim organization in the United States, established in the 1960s. ICNA is an umbrella organization for multiple projects, programs, and activities that strive to help Muslims build their character to bring about a society rooted in morality and God-consciousness. Some of ICNA’s current projects include: ICNA Relief, Why Islam, Gain Peace, Helping Hands, MCNA, Young Muslims, ICSJ, and ILF. Contact Details Islamic Circle of North America Wahaj Khan press@icna.org Company Website https://icna.org/

May 23, 2024 09:00 AM Eastern Daylight Time

Technology Is Enabling Remote Work In More And More Fields – Could Surgery Be Next? Surgical Robot Maker Monogram Orthopedics (NASDAQ: MGRM) Believes So

Benzinga

By Meg Flippin, Benzinga From far-flung corners of the world to rural towns across America, remote, robotic surgeries have the potential to change the way doctors treat patients. Using advanced technologies like artificial intelligence, robotics, teleconferencing and the internet, doctors can perform everything from knee replacements to gastric bypass without ever leaving their healthcare facility. That is already changing how care is delivered. Remote surgeries can provide cheaper and faster solutions – improving the accessibility of high-quality surgical care, overcoming surgeon shortages and saving patients money by removing the need to travel long distances for healthcare. Then there’s the enhanced accuracy and improved outcomes surgeons can achieve by using robotics to perform surgeries that otherwise would be manual and subject to potential human error. Take knee replacements, for one example. As it stands, 88% of knee surgeries are still performed manually, opening patients up to errors that could require more treatment and care. The benefits don’t end there. By using minimally invasive robotic methods, patients often see a reduction in complications, pain and infections. Not to mention, these methods can lead to faster recovery times and shorter hospital stays. All of those positives haven’t been lost on the medical community and are driving demand for telesurgery. According to Research and Markets, the surgical robots market is poised to hit $7.3 billion by 2030, up from $6.4 billion in 2022 – growing at a CAGR of 13.5% during the forecast period. The need for robotics can be found in every area of surgical care but seems particularly poised to grow in orthopedics. The orthopedic device market is forecast to grow at a CAGR of 4.5% through 2030, reaching $80.28 billion, according to Fortune Business Insights. Driving the growth is a rising prevalence of osteoporosis and musculoskeletal diseases, an aging population and an increase in sports-related injuries. The technology and procedures used today are antiquated, and robots could help with an overhaul. Monogram Demonstrates Its Prowess When it comes to remote robotic surgery, many players are trying to advance this type of treatment care. One company that seems to be seeing success is Monogram Orthopedics Inc. (NASDAQ: MGRM), the Austin, Texas medical technology company aiming to revolutionize orthopedic joint replacement surgery with its robotic technology, which links 3D printing and robotics with advanced pre-operative imaging. The company is developing a robot that it believes could help improve the standard of care in orthopedics in the future. Accompanying the robot are what the company describes as its “patient optimized” mPress implants that the company believes, when combined with robotics, could help surgeons deliver personalized care. Last year, the company made history by completing what it says is the first fully remote simulated robotic surgery in orthopedics. On March 7, 2023, Douglas Unis, MD of the Icahn School of Medicine at Mount Sinai in New York City and founder of Monogram Orthopedics, completed a fully remote total knee arthroplasty (TKA) procedure on a cadaver, controlling the Austin-based robot from New York City in real-time via the system’s user-operated foot pedal. Unis said at the time that despite being 1,700 miles away, the real-time system was very responsive with little in the way of latency. The successful simulated cadaveric surgery was live-streamed for the world to see. Internet Reliability On Display To demonstrate the capabilities and ensure the surgery went off without a hitch, Monogram tapped Real-Time Innovations’ RTI Connext® Anywhere software to provide real-time connectivity, which is extremely important for remote surgeries to be a success. To address the technical challenges of teleoperation, Monogram required a flexible software connectivity solution that was designed for distributed, secure and reliable data flow. Connext Anywhere, based on the Data Distribution Service (DDS™) standard, accelerates the development of intelligent and connected platforms and provides a range of reliability features to optimize and prioritize real-time data flow over intermittent networks. That proved true during the remote surgery. "A joint-replacement surgery is incredibly invasive, stressful and is still a largely manual process today, with 100,000 knee replacements failing each year," Kamran Shamaei, CTO at Monogram said at the time. "We feel strongly that our total knee replacement system, with RTI's underlying technology, could eventually help to dramatically reduce this number, hopefully helping patients to have a more stable, better-fitting knee replacement with fewer complications in a fraction of the time it takes today." It’s Just The Beginning Since Monogram’s successful demonstration, the company has made inroads in bringing robotic surgeries to the mainstream. It recently announced it delivered its first surgical robot, mBôs, to one of the world’s largest global robotics distributors. It marked the first sale for Monogram Orthopedics. In pre-clinical simulated cadaveric surgeries, Monogram’s robot was able to complete an orthopedic surgery in 40 minutes – about half the time it has taken some systems today. The goal is to try and get surgical timed down to 20 minutes with the help of the company’s recently announced mVIsion navigation. Remote robotic surgeries are just taking off as companies like Monogram aim to revolutionize surgical care. Telesurgery has the potential to level the playing field, help surgeon adoption and potentially improve patient outcomes, and make treatment more accessible and affordable for people residing in even the most remote locations. Just like video conferencing transformed the way we communicate, telesurgery is poised to change the way doctors across the world perform surgeries. Monogram is positioning itself to play a major role in that revolution. Featured photo by Piron Guillaume on Unsplash. Benzinga is a leading financial media and data provider, known for delivering accurate, timely, and actionable financial information to empower investors and traders. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

May 23, 2024 08:45 AM Eastern Daylight Time

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