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Sarytogan Graphite tests show Ultra-High Purity Fines enhance cathode conductivity

Sarytogan Graphite Ltd

Sarytogan Graphite Ltd (ASX:SGA) managing director Sean Gregory sits down with Proactive’s Jonathan Jackson to share insights on the successful testing of Sarytogan Ultra-High Purity Fines (UHPF) and its impact on the production of new product types.Sarytogan has announced the effective testing of UHPF as a cathode conductivity enhancer in various battery applications. This breakthrough leads to the development of three distinct product categories - Micro-crystalline Carbon for industrial uses, Uncoated Spherical Purified Graphite (USPG) for Li-ion battery anodes and UHPF for advanced applications, including in the nuclear sector.The testing demonstrated UHPF's efficiency in AA alkaline battery cathodes and can linings, and in lithium monofluoride (Li/CFx) battery cathodes, catering to sectors like medical, aviation, and military.Looking ahead, Sarytogan plans to conduct long-term testing on USPG cells, assess Coated Spherical Purified Graphite (CSPG) in Li-ion anodes, and aims to complete the pre-feasibility study (PFS) by the third quarter of 2024. Gregory emphasises the strategic approach of Sarytogan in maximising the value of the vast Sarytogan Graphite Deposit by diversifying its product applications, particularly in the burgeoning lithium-ion battery market. Contact Details Proactive Investors Jonathan Jackson +61 413 713 744 jonathan@proactiveinvestors.com

April 11, 2024 11:00 AM Eastern Daylight Time

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kevin. Triumphs with First Account-to-Account NFC iPhone Transaction

kevin.

New York, NY – In a groundbreaking event set to disrupt the in-store payment landscape, kevin., a pioneer in payment technology, has successfully conducted the first-ever account-to-account NFC transaction on an iPhone. Video of transaction: link In a financial world where convenience and security are paramount, kevin. has established a new pinnacle by executing the first non-Apple Pay account-to-account near-field communication (NFC) payment on an iPhone. This technological leap forward follows the European Commission’s pressure on Apple to democratize NFC access. It comes after years in which Apple's strict control over NFC technology in iOS devices had stifled third-party competition. Pavel Sokolovas, co-founder of kevin., articulates the magnitude of this moment: “Breaking through the final barriers of NFC payments on iOS devices represents a true watershed moment. We’re immensely proud to be the first to provide account-to-account transactions using Apple’s NFC, giving consumers the power to choose how they pay.” In January 2022, kevin. made waves by enabling this innovative payment method for Android users, a move lauded for its originality and drive towards an open payment ecosystem. Now, with regulatory changes in stride, kevin. swiftly attained authorization under Apple's NFC Entitlement Program and embarked on development in their controlled environment. Just six weeks following Apple's program launch, kevin. celebrated the successful execution of the experimental transaction in development mode, setting the stage for what could revolutionize Point of Sale (POS) interactions. Sokolovas outlined the technical journey: “We’ve been rigorously developing within Apple’s architectural framework. Our team worked tirelessly to integrate our kevin. technical solution within Apple host card emulation (HCE), including security standards, transaction validation and so much more to create a seamless experience allowing users transactions from within their banking or wallet apps.” The European Commission continues to monitor feedback from early developers like kevin. while anticipating the official commencement of broader NFC implementation. This scrutiny underscores the Commission's dedication to nurturing innovation and equitable competition in the mobile payment sphere. Looking ahead, the industry anticipates a surge in similar payment solutions following this initial success. kevin. has indeed set a dominant precedent, promising an open market where consumers are no longer limited by device-specific payment platforms — a fundamental reshaping of how transactions are conducted worldwide. kevin. is a visionary technology firm reshaping payment systems for tomorrow’s needs. From their global headquarters in Europe to the recent expansion into the bustling financial hub of Dubai, kevin.’s mission has been consistent: to offer reliable end-to-end technology and significant savings on transaction fees without changing the way people pay. The introduction of their multi-tenant, brand-agnostic payment acceptance network marks a significant shift for consumers and businesses alike, granting autonomy and value unimpeded by the constraints of legacy technology. Download: Kevin logo, image of Pavel Sokolovas and iOS transaction video: link About kevin. kevin. is a pioneering technology firm on a mission to revolutionize legacy payment systems. With a newly built infrastructure, kevin. makes transactions more efficient, secure, and convenient for both digital and physical sales. The company's multi-tenant payments acceptance network is white-label, brand-agnostic, and intermediary-free, offering partners complete control of their in-store payment processes. This empowers them to unlock greater value through new services, enhanced conversion rates, and strengthened customer loyalty. The kevin. network redefines international payments, ensuring a seamless, secure account-to-account NFC payment infrastructure for POS terminals worldwide. This innovation offers a 'tap and go' experience, compatible with both Android and iOS devices, making international payments as familiar as local ones. kevin. is backed by Accel, Eurazeo and other investors, including OTB Ventures, Speedinvest, Open Ocean, and Global Paytech Venture. Commitment to the Ecosystem kevin.'s goal is to empower all players in the payment ecosystem, including banks, digital wallets, retailers, and others. The company enables these entities to launch their own independent non-card schemes or to expand their services by connecting with an existing network on the kevin. platform. Contact Details NettResults Public Relations Nick Leighton +1 949-478-5880 nick.leighton@nettresultsLLC.com Company Website https://www.kevin.eu/

April 11, 2024 10:45 AM Eastern Daylight Time

BridgeFT Recognized for Financial Data Innovation in 5th Annual Data Breakthrough Awards Program

BridgeFT

BridgeFT, a cloud-native, API-first wealth infrastructure software company that enables financial institutions, fintech innovators, and registered investment advisors (RIAs) to deliver better, data-driven outcomes for their clients, today announced that it has been selected as winner of the “Data Warehouse Solution Provider of the Year” award in the 5 th annual Data Breakthrough Awards program conducted by Data Breakthrough, an independent market intelligence organization that recognizes the top companies, technologies and products in the global data technology market today. BridgeFT’s WealthTech API is the industry’s first WealthTech-as-a-Service platform, offering an open API to AI and trade-ready multi-custodial data, advanced analytics, and application services. The WealthTech API eliminates the need for individual data feeds from a range of custodians and back-office providers, enabling wealth management firms and wealthtech application providers to create differentiated, next-generation wealth management applications. “Large amounts of client and investment account data–whether from custodians, alternatives or held-away assets–is powering the wealth management industry, which is why we created the WealthTech API: to make it simpler for businesses to access these insights to further enable differentiation and accelerate growth,” said Joe Stensland, Chief Executive Officer of BridgeFT. “We are honored to receive this award from Data Breakthrough. As we continue to build out our services, this award serves as an important validation of our modern, API-first WealthTech-as-a-Service platform.” The annual Data Breakthrough Awards is the premier awards program founded to recognize the data technology innovators, leaders and visionaries from around the world in a range of categories, including DataOps, Data Analytics, AI, Business Intelligence, Data Privacy, Data Storage and many more. The 5 th annual Data Breakthrough Award program attracted thousands of nominations from across the globe. “By offering access to complex and hard-to-get data through a modern technology infrastructure, BridgeFT allows superior data breadth and depth with value-add processing for high data quality. Providers rely on outdated legacy solutions for financial data aggregation. These processes are often riddled with inaccuracies and lengthy deployment without the relevant applications to deploy the financial data once received,” said Steve Johansson, Managing Director, Data Breakthrough. “Congratulations to BridgeFT; their WealthTech API and unique approach to data technology goes beyond data aggregation by integrating robust functionalities into its platform to make best use of the data.” About BridgeFT BridgeFT is a cloud-native, API-first wealth infrastructure software company that enables financial institutions, FinTech innovators, TAMPs, and registered investment advisors to deliver better, data-driven outcomes for their clients. Our WealthTech-as-a-Service platform, WealthTech API, makes wealth management technology better by accelerating, simplifying and reducing the cost of app development and maintenance, so our clients can focus on delivering next generation wealth management applications and unique digital experiences that amplify their differentiators. Leading financial services firms and technology companies trust BridgeFT to power their digital wealth management ecosystems and automate critical back-office operations --seamlessly aligning multi-custodial data aggregation, advanced analytics and reporting, and application services to deliver truly personalized client experiences. For more information, visit bridgeft.com. About Data Breakthrough Part of the Tech Breakthrough organization, a leading global provider of market intelligence and recognition platforms for technology innovation and leadership, the Data Breakthrough Awards program is devoted to honoring innovation and market disruption in data technologies, services, companies and products. The global Data Breakthrough Awards program provides a forum for public recognition around the achievements of data companies and solutions in categories including data analytics, management, infrastructure and hardware, storage, Business Intelligence and more. For more information visit DataBreakthroughAwards.com. Tech Breakthrough LLC does not endorse any vendor, product or service depicted in our recognition programs, and does not advise technology users to select only those vendors with award designations. Tech Breakthrough LLC recognition consists of the opinions of the Tech Breakthrough LLC organization and should not be construed as statements of fact. Tech Breakthrough LLC disclaims all warranties, expressed or implied, with respect to this recognition program, including any warranties of merchantability or fitness for a particular purpose. Contact Details Media media@bridgeft.com Company Website https://www.bridgeft.com/

April 11, 2024 10:15 AM Eastern Daylight Time

Claravine Named “Metadata Management Solution of the Year” at 2024 Data Breakthrough Awards

Claravine

Claravine, The Data Standards Company, has been named the Metadata Management Solution of the Year at the 2024 Data Breakthrough Awards. Chosen from more than 2,250 competitive global nominations, Claravine’s The Data Standards Cloud aims to give people, teams and technology a shared understanding of their data by standardizing taxonomies, naming conventions and metadata across all digital experiences from creative to measurement and optimization. Claravine empowers a proactive approach to marketing measurement by activating data standards across people and technology. Used by Fortune 1000 companies such as Carhartt and Under Armour, Claravine’s collaborative user interface and strategic integrations with top marketing and advertising platforms enables global organizations to define, apply and connect standards across their ecosystem for faster decisions, greater agility and increased return-on-investment (ROI) for their digital advertising dollars. “Being recognized as the Metadata Management Solution of the Year underscores our unwavering commitment to revolutionizing the marketing data landscape. This prestigious award stands as a testament to our efforts in simplifying marketing data and empowering teams to scale their operations seamlessly and effectively,” said Verl Allen, CEO of Claravine. “This milestone showcases the team’s work and dedication to leading the industry in data standards and metadata for marketing teams.” As first-party data becomes a paramount cookie alternative and issues spurred by generative AI continue to impact the content supply chain, Claravine sits at the root of successful outcomes for brands and marketers. To further ease data usage, Claravine continues to substantially expand its integration library and be compatible with major platforms powering digital advertising, including measurement solutions, creative optimization and customer data. The Data Breakthrough Awards program aims to deliver the most comprehensive analysis of the data technology industry each year. With over 2,000 nominations from all over the world, the 2024 program’s evaluation was broad and extremely competitive. In addition to being named to Metadata Management Solution of the Year, Claravine was recognized for the second consecutive time as an AdExchanger Programmatic Power Player, as well as the 2022 AdExchanger Award winner for Best Data Technology. Claravine was also named a cool vendor in the 2022 Gartner Cool Vendors in Marketing Data and Analytics report. About Claravine Claravine is The Data Standards Company aiming to give people, teams and technology a shared understanding of their data. Claravine helps brands and agencies deliver on the promise of modern marketing by standardizing taxonomies, naming conventions, and metadata across all digital experiences at the source of data creation. The Data Standards Cloud empowers a proactive approach to marketing metadata naming conventions and taxonomy for fast, accurate and rich business insights that help deliver the experiences customers want. Claravine partners with a quarter of the Fortune 100 to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. For more information, visit www.claravine.com. Contact Details Kite Hill PR Michael Kocher +1 704-960-2295 michael@kitehillpr.com Company Website https://www.claravine.com/

April 11, 2024 09:12 AM Eastern Daylight Time

Jason Pedrick Joins Aniview as Vice President of Publisher Partnerships in North America

Aniview

Aniview, a leader in video ad technology, is excited to welcome Jason Pedrick as its new Vice President of Publisher Partnerships for North America. With over 16 years of experience in Ad Tech, Jason has been at the forefront of fostering fruitful relationships between publishers, advertisers, and technologies that power content distribution and monetization across the globe. Before joining Aniview, Jason was a key figure at SpringServe, where his leadership played a critical role in expanding the company’s presence, particularly within the CTV market. His tenure at SpringServe was distinguished by his ability to forge strong, trusting relationships with publishers and advertisers, significantly boosting the company’s market share and influence. In his new role at Aniview, Jason will focus on fortifying and expanding North American partnerships, utilizing Aniview’s full spectrum of video solutions, including Aniview’s Ad Server for Web and CTV, Server Side Ad Insertion (SSAI) tech, CMS, and Marketplace. His objective is to deliver unparalleled value to all stakeholders in the ad tech ecosystem. Jason shared his enthusiasm: "Joining Aniview is a thrilling new chapter for me. I look forward to leveraging my experience to foster growth and innovation in video advertising, ensuring our partners achieve unmatched success." Alon Carmel, CEO of Aniview, expressed his excitement about Jason joining the team, "We are thrilled to have Jason on board. His extensive experience and deep industry relationships are invaluable as Aniview continues to expand its reach in North America. Jason’s vision for the future of publisher partnerships aligns perfectly with Aniview’s mission to innovate and drive value for publishers across Web, Mobile, and CTV. We look forward to the leadership and energy he brings to our team.” Jason's appointment marks a significant step forward for Aniview in its mission to power efficient and effective advertising through innovation, trust, and transparency. His expertise and leadership are expected to drive Aniview's growth in the North American market and beyond. About Aniview Aniview is a global adtech and media company whose platform is playing an increasingly central role in delivering efficient and effective video advertising across the open web. The company’s end-to-end solutions are highly flexible and transparent, and they operate on desktop, mobile, in-app, connected TV, and over-the-top formats. Aniview’s patented video player technology, high-performance ad server, and video marketplace provide flawless video delivery to 1000+ premium websites and apps, powering video advertising for prominent platforms like Outbrain and OpenWeb. Founded in 2013, Aniview now delivers, on average, 15 billion ad impressions per month. For more information, please visit www.aniview.com. Contact Details Vaibhav Pandey info@aniview.com

April 11, 2024 09:09 AM Eastern Daylight Time

Concentrated Global Equity Fund Tourbillon Announces Availability to Qualified US Investors

Tourbillon

Tourbillon Investment Management Ltd. (an appointed representative of Eschler Asset Management LLP) today announced the availability of their concentrated global equity fund to qualified US Investors. Led by experienced investors Ben Beneche and Ramesh Narayanaswamy, the fund invests in 15 to 25 durable, high-quality companies globally which they believe are priced to deliver superior absolute returns over the long-term. As long-time friends and now partners, Beneche and Narayanaswamy share a common value investing philosophy. Focusing on first-principles thinking, they identify high-quality businesses through the lens of three ‘deep truths’: symbiotic loops, fulcrum assets and outlier management. “We believe that forward-looking qualitative judgments are far more important than backward-looking quantitative approaches,” said Beneche. “Our emphasis, always, is identifying businesses which we believe can endure over decades, a feat that very few companies achieve.” While many asset managers are focused on relative performance based on short-term earnings beats and misses, Tourbillon invests with a 5-10 year horizon, prioritizing absolute returns, management alignment, and valuing companies on distributable cashflows or ‘owner earnings’. “The world is just emerging from a long period of low interest rates,” said Narayanaswamy. “Looking out over the next decade and beyond, our absolute value orientation and focus on durable quality will serve clients well. Though we measure our investment results over years and decades, we are pleased with our returns profile as we approach the first anniversary of our launch.” The firm invests in companies across geographies, sectors, and market caps. This unconstrained approach, combined with a focus on a select few investments, has resulted in a distinctive collection of unique companies in its portfolio. “As a fund, we are concentrated in the best companies where we have the most conviction,” said Beneche. “Although our mandate is broad, there are very few companies which fit the criteria we are looking for, and even fewer which trade at prices that make sense to us. Today, we are finding the most interesting opportunities outside the US, specifically in smaller companies based in the UK and Japan.” Beneche and Narayanaswamy, co-founders and Portfolio Managers, bring extensive yet complementary experience in asset management. Beneche was a senior portfolio manager and co-lead of international equities at Pictet Asset Management, a global financial institution with a 200-year pedigree serving some of the world’s largest pension funds, financial institutions, sovereign wealth funds and intermediaries. For 10 years, he managed several billion dollars in all-cap international portfolios for predominantly institutional clients. Narayanaswamy previously served as partner and portfolio manager at Veritas Asset Manager LLP, a leading global and Asian equities manager of funds and segregated portfolios for institutional investors globally. In this role, Narayanaswamy spent 11 years in global cross-sector fundamental equity research in concentrated equity strategies, as well as portfolio management. Before Veritas, he was a global industrials and utilities analyst and sector portfolio manager at Fidelity Management & Research for 5 years. “The investment management industry does not always put the client first. But we do,” Narayanaswamy said. “Our core value is shared ownership. Ben and I share equal ownership of the business and our portfolio. We invest in companies that share our long-term orientation. We seek clients who share our philosophy, investing alongside them on the same terms. We also pledge to donate a portion of our profits to charity.” About Tourbillon Investment Management Tourbillon Investment Management is a long-only public equity fund investing in 15 to 25 businesses globally using a fundamental, value-oriented approach. Named after the mechanism in a mechanical watch that prevents errors caused by gravity, Tourbillon Investment Management favors companies that seemingly defy gravity by remaining durably high quality. The firm aims to deliver superior absolute returns over the long term without taking undue risk. Tourbillon Investment Management’s fund is designed to deliver strong risk-adjusted returns with significant variance from market averages. Tourbillon Investment Management Ltd is an appointed representative of Eschler Asset Management LLP which is authorised and regulated by the Financial Conduct Authority (# 510079) and a registered Investment Advisor with the SEC. Contact Details For Tourbillon Investment Management portfoliomanagers@tourbillonpartners.co.uk Company Website https://www.tourbillonpartners.co.uk/

April 11, 2024 09:06 AM Eastern Daylight Time

Autonomix Medical (NASDAQ: AMIX) Is Cracking the Code Of The Peripheral Nervous System With Its Breakthrough Technology To Treat Diseases

Autonomix Medical, Inc.

By Faith Ashmore, Benzinga The peripheral nervous system (PNS) is the network of nerves that extend from the brain and spinal cord to all parts of the body. Its main function is to facilitate communication between the central nervous system (CNS) and the rest of the body. The PNS is divided into two components: the somatic nervous system, which controls voluntary movements and senses, and the autonomic nervous system, which controls involuntary bodily functions like heart rate and digestion. Simply put, the PNS plays a crucial role in nearly every disease because it is responsible for transmitting signals and information throughout the body. Overactive nerves, disruption, or dysfunction in the PNS can lead to a variety of health issues, including conditions like pain, cardiovascular disease, such as hypertension, as well as gastrointestinal disorders. While many biotechnology companies are looking to treat symptoms for various conditions, Autonomix Medical Inc. (NASDAQ: AMIX) is targeting the root of the issue, which they associate with the PNS. The company’s first-in-class technology platform includes a catheter-based microchip sensing array that can detect and differentiate neural signals and perform nerve ablations, killing the nerve. This technology has the ability to sense individual neural signals with up to 3,000 times greater sensitivity than currently available technologies. The company says this breakthrough technology opens new possibilities in electrophysiology and pain management. Autonomix Medical aims to provide a comprehensive solution that combines the detection and treatment of nerve-related disorders in a single procedure, streamlining the process and potentially improving patient outcomes. Unlike the conventional ablation approaches, Autonomix Medical reports that its technology works like a GPS, allowing doctors to identify, treat and verify the right nerves causing the issue. The company is initially evaluating pancreatic cancer pain to demonstrate the ability of its technology. With current treatment options, pancreatic cancer-related pain can be particularly challenging to manage because it is located near critical nerves and vessels, leading to severe and treatment resistant pain. Traditional pain treatments can often prove inadequate, leaving patients in need of more effective solutions; some patients turn to opioids for relief. If Autonomix Medical’s ongoing trial is successful, it could pave the way for the company to target larger disease markets and expand the total opportunity for their technology, which they estimate exceeds $100 billion. Additionally, Autonomix believes it has the potential to decrease nationwide reliance on opioids, which could be a win for patients and physicians alike. Featured photo by Stefano Bucciarelli on Unsplash Autonomix is a medical device company focused on advancing innovative technologies to revolutionize how diseases involving the nervous system are diagnosed and treated. The Company’s first-in-class technology platform includes a catheter-based microchip sensing array that has the ability to detect and differentiate neural signals with approximately 3,000 times greater sensitivity than currently available technologies. We believe this will enable, for the first time ever, transvascular diagnosis and treatment of diseases involving the peripheral nervous system virtually anywhere in the body.We are initially developing our technology for pancreatic cancer pain, a condition that can cause debilitating pain and needs an effective solution. However, our technology constitutes a platform with the potential to address dozens of indications, including in cardiology, renal denervation and chronic pain management across a wide disease spectrum. Some of the statements in this release are “forward-looking statements,” which involve risks and uncertainties. Forward-looking statements in this press release include, without limitation, the timing of the completion of patient enrollment in the trial and the Company’s ability to successfully meet the milestones set forth in this press release on a timely basis, if at all. Such forward-looking statements can be identified by the use of words such as ‘should,’ ‘may,’ ‘intends,’ ‘anticipates,’ ‘believes,’ ‘estimates,’ ‘projects,’ ‘forecasts,’ ‘expects,’ ‘plans,’ and ‘proposes.’Although Autonomix Medical, Inc. (or Autonomix) believes that the expectations reflected in these forward-looking statements are based on reasonable assumptions, there are a number of risks and uncertainties that could cause actual results to differ materially from such forward-looking statements. You are urged to carefully review and consider any cautionary statements and other disclosures, including the statements made under the heading “Risk Factors” and elsewhere in the offering circular filed with the U.S. Securities and Exchange Commission (“SEC”) on January 26, 2024. Forward-looking statements speak only as of the date of the document in which they are contained and Autonomix does not undertake any duty to update any forward-looking statements except as may be required by law. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details JTC Team, LLC autonomix@jtcir.com Company Website https://autonomix.com/

April 11, 2024 08:55 AM Eastern Daylight Time

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Only 27% Of Chinese Citizens Have Visited Amusement Parks, And Demand Is Now Growing – Golden Heaven (NASDAQ: GDHG) Plans To Ride The Wave

Benzinga

By Meg Flippin, Benzinga The amusement park industry is having a moment in China, with interest in this form of entertainment growing. It doesn’t hurt that only 27% of the population in China has visited a theme park, presenting a big opportunity to reach the 1.4 billion people who live there. Habits learned during the pandemic are helping drive growth in the industry. With heavy restrictions on international travel, local trips became the only option. That attitude toward travel remains today, which is driving the popularity of amusement parks. In 2019, the Chinese amusement park market was valued at RMB 40 billion. By the end of 2025, McKinsey projects it will grow to over RMB 90 billion. One company that appears to be benefiting from this trend is Golden Heaven Group Holdings Ltd. (NASDAQ: GDHG). The amusement park operator, which developed and manages six amusement parks across China, is seeing an increase in the number of visits to its theme parks. During the Chinese Spring Festival holiday which ran this past February 10 to 17, park attendance was up 28.4% year-over-year. Attendance of 100,362 sets a new record, reports Golden Heaven. Nearby For Many The company’s six parks occupy approximately 426,560 square meters of land in aggregate and are located in geographically diverse markets across the south of China. Due to the geographical locations of the parks and the ease of travel, the parks are easily accessible to an aggregate population of approximately 21 million people, Golden Heaven says. The parks offer a broad selection of thrilling and family-friendly rides, water attractions, gourmet festivals, circus performances and high-tech facilities. For 2024, Golden Heaven wants to expand its presence in the amusement park market, enhance operational efficiency and increase investments in technology to elevate visitor experiences and improve overall customer satisfaction. As it stands, the company is already in expansion mode, opening parks and inking deals to support long-term growth. Take Seven Rainbow Park in Anshun City, Guizhou Province. Trial operations of the 15,000 square-meter park – which has a range of attractions including a Ferris wheel, luxury carousel, zoo, ocean hall, pirate ship and bumper cars – kicked off in January. The construction of the park was completed ahead of schedule. “The trial operation results have met our expectations,” said Qiong Jin, the CEO and Chairman of Golden Heaven. “The park offers a valuable model for future projects. Our goal is to establish the park as an entertainment hub in the local area while advancing the Company's sustainable development and profit objectives." Golden Heaven is also utilizing the capital markets to broaden its presence in the amusement park industry. It also recently made a deal with PT BESTAR JAYA, an Indonesian trading company that services large-scale supermarkets nationwide. Golden Heaven was hired to develop, staff and manage 30 to 50 indoor amusement parks in major shopping centers and supermarkets across Indonesia. Bringing In The Revenue Beyond opening parks and expanding its market presence, Golden Heaven is entering into lease agreements that give it recurring revenue. Two worth mentioning include deals with Nanping City Dacheng Culture Communication Co., Ltd. and Zigong City Dragon Culture & Arts Co. Ltd. Golden Heaven is leasing certain land and property to Dacheng Culture to host a range of activities, including wedding photography, family photography, marriage proposal planning, Hanfu (traditional Chinese clothing) photography and various celebratory events. Dacheng Culture is paying RMB 6 million, payable quarterly, over the contract period, which extends from March 29, 2024, to March 28, 2025. Meanwhile, Zigong Culture is paying RMB 8.73 million to lease certain land and property to host a range of outdoor activities including seasonal excursions, extracurricular activities, physical competitions and talent shows. The contract period runs from March 11, 2024, to March 10, 2025. All of this is positioning the company for what it says should be profitable growth in 2024. Travelers in China want to stay close to home and are willing to spend money to do it. They are increasingly choosing amusement parks as the preferred form of entertainment. That’s good news for companies like Golden Heaven that are making several moves to capitalize. Featured photo by Thomas Stadler 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 is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 11, 2024 08:45 AM Eastern Daylight Time

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NRX’s (NASDAQ: NRXP) NMDA Modification Therapy And Its Multiple Applications From Mental Health To Chronic Pain

Benzinga

By Meg Flippin, Benzinga The nation may be in a mental health crisis, with many people from the young to the old suffering from depression, anxiety, PTSD and suicidal ideation. The latter is particularly true for patients with bipolar depression. The disease, which afflicts 2.8% of the U.S. population, is marked by high highs and low lows. Thoughts of suicide accompany the depressive lows for nearly half of sufferers. Devastatingly, between 4% to 19% will commit suicide. There are medicines available to help manage the highs and lows of bipolar disorder, but not a single-dose treatment. Typically, it requires one to manage mania and another for depression. They may not work for everyone and come with their own set of side effects. Modifying The NMDA Receptor NRx Pharmaceuticals Inc. (NASDAQ: NRXP), a clinical-stage biopharmaceutical company, believes it has the answer with NRX-101. It’s the biopharmaceutical company’s FDA-designated investigational Breakthrough Therapy for suicidal treatment-resistant bipolar depression and chronic pain. The company is targeting life-threatening diseases that often go untreated with NRX-101, which is a patented, oral fixed-dose combination of two FDA-approved drugs: D-cycloserine, an NMDA receptor modulator at certain dosage ranges; and Lurasidone, a 5-HT2a receptor antagonist. Combined, the drugs target the NMDA receptor which is critical for memory function and the formation of new thoughts in the brain. At excessive rates of NMDA activity, ideas including the creation of new ones are slowed down. People with bipolar disorder tend to ruminate on fewer and more negative thoughts in that state. When the NMDA channel is blocked, thoughts can flow rapidly and incoherently, leading to hallucinations and psychosis. The challenge is to strike a healthy balance between the two. By modulating the NMDA, NRx believes it can improve the function of the thought-forming cells in the brain and thus reduce suicidal ideation. If approved by the U.S. Food and Drug Administration (FDA) and other health regulatory agencies, the company says it would be the first medicine regimen targeted to treat severe bipolar depression in patients with both acute and sub-acute suicidal ideation or behavior (ASIB and SSIB). Trial Over-Enrolled The company is taking steps to make that a reality, recently completing enrollment of a phase 2b/3 study of NRX-101 for 74 patients suffering from bipolar disorder. Enrollment exceeded the original target of 70 patients, to enhance the statistical power of the study, NRx said. Top-line data is expected later this month. "To our knowledge, NRX-101 is the first and only oral medication to have demonstrated reduced suicidal ideation in patients with bipolar depression,” said Dr. Jonathan Javitt, Founder, Chairman and Chief Scientist of NRx Pharmaceuticals. “On the basis of our previous trial, it was awarded Breakthrough Therapy Designation by the FDA and we aim to confirm its effect on depression and suicidal ideation in this trial.” NRX teamed up with Alvogen Pharmaceuticals for the development and marketing of the combined therapy. During its fourth quarter, NRx said Alvogen advanced its first $5.1 million milestone payment. A successful readout from the phase 2b trial and FDA interaction will trigger an additional $4 million milestone payment together with the transfer of future development costs to Alvogen. The partnership provides for potential milestones of $329 million and a royalty reaching 15% on net sales, according to NRx. Beyond Bipolar Disorder It’s not just bipolar disorder that NRx is aiming to treat with its NMDA therapy platform. The company is making inroads in using its lead compound in chronic pain, betting results of a 200-person efficacy trial conducted by Northwestern University could create a multibillion-dollar opportunity for NRx. Chronic pain is another condition that plagues more than 50 million Americans in which the available treatments have mixed results. Then there’s its new drug application for IV ketamine in acute suicidality. NRx said it is building a specialty pharmaceutical business around ketamine it expects to yield positive cash flow by the end of 2024. Called HOPE Therapeutics, NRx plans to submit a new drug application with the FDA this year. In advance of FDA approval, HOPE partnered with national 503b and 503a pharmacies to address the ketamine shortage reported by the FDA since 2018. The goal is to spin HOPE out into a stand-alone company owned by NRx, current NRx shareholders via a tax-free dividend and new investors. NRx said prospective anchor investors offered $60 million in new investment dollars once HOPE is publicly listed. NRx said HOPE is presenting data from four randomized, prospective trials demonstrating safety and efficacy in 800 patients as the clinical basis for its new drug application (NDA) for HTX-100 (IV Ketamine). And if that’s not enough, NRx recently received Qualified Infectious Disease Product (QIDP) and Fast Track designation from the FDA for NRX-101 in the treatment of complicated urinary tract infections (cUTI) and pyelonephritis. It's a condition the company says affects 3 million people in the U.S. resulting in over 15,000 deaths annually. NRx is currently seeking partners with active involvement in urology, infectious disease and/or women's health for commercialization of NRX-101. "2023 was a pivotal year for NRx in which we advanced from a single clinical trial in a single indication to a dramatically streamlining operation with a 50% reduction in overhead costs, a 25% reduction in overall costs and a $0.20 per share improvement in negative earnings, while completing our clinical trial objectives,” says Stephen Willard, J.D., Chief Executive Officer and Director of NRx Pharmaceuticals. ‘We expect data from two key trials this month and predict our first commercial revenue by the end of 2024.” Featured photo by Fernando @cferdophotography 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 is not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

April 11, 2024 08:40 AM Eastern Daylight Time

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