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Intelligent Bio Solutions Successfully Manufactures and Ships First Readers with New Partner, Accelerating Scale and Driving Gross Margin Expansion in Anticipation of Planned U.S. Entry
Globenewswire· 2026-02-25 13:45
Core Insights - Intelligent Bio Solutions Inc. has successfully received and deployed its first shipment of Intelligent Fingerprinting Drug Screening Readers through a partnership with Syrma Johari, marking a significant step in scaling production capacity and validating the operational and financial benefits of the collaboration [1][3] - The partnership is expected to deliver annual production cost savings of over 40%, leading to an anticipated improvement of approximately 20 percentage points in gross margin annually [1][3] - The company has doubled its in-house production capacity for lateral flow test strips, enhancing vertical integration and accelerating research and development [1][4] Production and Manufacturing - The first shipment of readers is being deployed across key customer verticals such as construction, transportation, logistics, and manufacturing in the U.K. and Europe, supporting growing commercial demand [2] - The partnership with Syrma Johari has provided access to manufacturing capacity approximately four times greater than prior capabilities, allowing for accelerated fulfillment and cost savings [3] - The company has sourced advanced manufacturing equipment that has doubled its in-house production capacity for lateral flow test strips, improving margins and reducing lead times [4] Strategic Positioning - The successful deployment of the first shipment and increased production capacity positions the company to enter the U.S. market with operational strength and the ability to grow with demand [5] - The company is building a vertically integrated, cost-efficient manufacturing engine that supports margin expansion and accelerates innovation [5] - Additional production shipments are expected throughout 2026 as the company continues to build inventory and expand its commercial footprint [5] Company Overview - Intelligent Bio Solutions Inc. is a medical technology company focused on delivering intelligent, rapid, non-invasive testing solutions, particularly through its Intelligent Fingerprinting Drug Screening System [6] - The system is designed to screen for recent drug use in workplace settings, providing results in under ten minutes, which is valuable for employers in safety-critical industries [6] - Current customer segments outside the U.S. include construction, manufacturing, transport, logistics, mining, drug treatment organizations, and coroners [6]
Berger Montague PC Investigating Claims on Behalf of Navan, Inc. (NASDAQ: NAVN) Investors After Class Action Filing
Globenewswire· 2026-02-25 13:41
Core Viewpoint - A class action lawsuit has been filed against Navan, Inc. for allegedly misleading investors regarding its IPO documents, particularly concerning undisclosed increases in sales and marketing expenses [1][3]. Group 1: Lawsuit Details - The lawsuit is initiated by Berger Montague PC on behalf of investors who acquired Navan shares from October 28, 2025, to February 23, 2026, including during the IPO [1][2]. - Investors have until April 24, 2026, to seek appointment as lead plaintiff representatives [2]. Group 2: Financial Impact - Navan's shares have seen a significant decline, trading as low as $9.01 per share, which represents a drop of over 60% from the IPO price of $25 per share [3]. - The decline in share price has resulted in substantial losses for investors as the true state of the company's business was revealed [3]. Group 3: Company Overview - Navan, headquartered in Palo Alto, California, specializes in booking and expense reporting software for business travelers [2].
Shanghai records growing tourist arrivals, spending during Spring Festival holiday
Globenewswire· 2026-02-25 13:41
Core Insights - Shanghai experienced a significant increase in cultural and tourism consumption during the Spring Festival, with over 2,570 activities launched to attract visitors [1][2][4] Visitor Statistics - The city welcomed 21.6721 million visitors, marking an 8.36% year-on-year increase [3] - Total tourism consumption reached 25.614 billion yuan, a surge of 20.90% from the previous year [3] - The average hotel occupancy rate rose to 50.60%, up 3.10 percentage points year-on-year [3] Promotional Strategies - The promotion campaign utilized the outcomes of a high-level competition to enhance Shanghai's tourism appeal, integrating cultural, tourism, commerce, sports, and exhibition resources [4] - Over 130 in-depth Spring Festival tour routes were created, which became popular on online travel agencies through live-stream sales [5] Cultural Activities - Shanghai introduced premium IPs and launched 353 themed activities on the "Hu Xiaoyou" smart travel service platform, promoting science popularization and industrial tourism [6] - Key cultural landmarks hosted Spring Festival fairs and concerts, creating new urban rituals and attracting fans nationwide [7] Festive Atmosphere - The combination of traditional Chinese New Year vibes and modern cultural elements enhanced the festive atmosphere, with city-wide lantern shows illuminating the nights [8] - Intangible cultural heritage fairs and master chefs' kitchens were established, offering visitors authentic local culinary experiences [9] Future Outlook - Shanghai aims to further integrate cultural and tourism resources, pursue continuous product innovation, and enhance the overall experience of its cultural and tourism industry [10]
Silynxcom Secures Follow-On Order from Asia-Pacific Special Forces, Reinforcing Trust in Advanced In-Ear Systems
Globenewswire· 2026-02-25 13:38
Core Insights - Silynxcom Ltd. has received a follow-on purchase order from an Asia-Pacific special forces unit for its advanced in-ear communication systems, indicating strong demand for its products in military applications [1][2]. Group 1: Product Features and Technology - The repeat order includes products with "talk-through-the-ear" technology, which enhances situational awareness and provides superior hearing protection in high-noise environments [2]. - The systems are designed for elite operators to maintain clear communication while protecting against both impulse and continuous noise, making them suitable for special operations [2]. Group 2: Company Reputation and Market Position - The CEO of Silynxcom expressed honor at the continued confidence shown by the special forces unit, viewing repeat business as a strong endorsement of the company's combat-proven solutions [3]. - The company emphasizes the reliability and operational value of its proprietary in-ear solutions, highlighting its growing traction in demanding international markets [3]. Group 3: Company Overview - Silynxcom Ltd. develops and sells ruggedized tactical communication headset devices that are field-tested and combat-proven, used in various high-stakes environments [4]. - The company's in-ear headsets integrate with professional-grade ruggedized radios, allowing users to communicate clearly while being protected from hazardous sounds [4]. - Silynxcom collaborates closely with military and law enforcement customers to enhance product functionality based on real-world feedback [4].
PolyPid Announces Participation in Upcoming Investor Conferences
Globenewswire· 2026-02-25 13:35
Core Insights - PolyPid Ltd. is an innovative biopharmaceutical company focused on enhancing treatment effectiveness at the point of care, with a diverse pipeline addressing unmet medical needs [4] Company Participation in Conferences - PolyPid management will participate in two investor conferences in March 2026, providing opportunities for one-on-one meetings with investors [2][3] Product Development - PolyPid's lead product, D-PLEX₁₀₀, has successfully met its primary and all key secondary endpoints in the Phase 3 SHIELD II trial aimed at preventing surgical site infections [4]
RZOLV Technologies to Present at the Clean Energy & Renewables Virtual Investor Conference March 5th
Globenewswire· 2026-02-25 13:35
VANCOUVER, British Columbia, Feb. 25, 2026 (GLOBE NEWSWIRE) -- RZOLV Technologies Inc. (TSXV:RZL – OTCQB:RZOLF), based in Vancouver Canada, and focused on disruptive gold recovery technologies, announced today that Duane Nelson, CEO, will present live at the Clean Energy & Renewables Virtual Investor Conference hosted by VirtualInvestorConferences.com, on March 5th, 2026 DATE: March 5th TIME: 1:00 PM ET REGISTER HERE Available for 1x1 meetings: March 9th– 13th. Schedule 1x1 Meetings here. This will be a liv ...
20/20 BioLabs Launches OneTest for Longevity Blood Test and Chronic Disease Risk Assessment and Management Solution Built with IBM AI Capabilities
Globenewswire· 2026-02-25 13:31
Core Viewpoint - 20/20 BioLabs has launched its OneTest for Longevity, a blood test that integrates inflammatory biomarkers, dietary habits, and scientific research to provide personalized health insights, utilizing IBM's watsonx.ai technology [1][2][3] Group 1: Product Launch and Features - The OneTest for Longevity solution calculates and displays an individual's risk of chronic diseases such as diabetes, dementia, and cardiovascular disease, offering personalized dietary recommendations based on biomarker levels [2] - The platform leverages IBM's advanced AI capabilities, including the Granite 4.0 foundation models and the Docling toolkit, to analyze nutritional research and deliver evidence-based health insights [3][6] - The test is available for purchase and is conducted in CLIA-licensed and CAP-accredited labs, although it has not sought FDA approval [3][7] Group 2: Partnerships and Technology - 20/20 BioLabs has partnered with DAISource to enhance its AI-enabled health solutions, aiming to improve public health through scalable and secure technology [3] - IBM's role is as an information technology provider, focusing on supporting enterprises with secure workloads in various sectors, including healthcare [4] Group 3: Company Background and Market Position - 20/20 BioLabs is an early market leader in laboratory-based blood tests for early detection and prevention of cancers and chronic diseases, with its stock listed on Nasdaq under the ticker symbol "AIDX" since February 19, 2026 [5][6] - The company also operates a Clinical Laboratory Innovation Accelerator (CLIAx) to assist overseas diagnostics startups in launching lab tests in the U.S. [8]
Equillium to Participate in the Leerink Partners 2026 Global Healthcare Conference
Globenewswire· 2026-02-25 13:30
LA JOLLA, Calif., Feb. 25, 2026 (GLOBE NEWSWIRE) -- Equillium, Inc. (Nasdaq: EQ), a biotechnology innovator developing novel therapies to treat severe autoimmune and inflammatory disorders, today announced that management will participate in a fireside chat at the Leerink Partners 2026 Global Healthcare Conference on Wednesday, March 11, 2026 at 10:40am ET. Members of the Equillium management team will be available to participate in meetings with investors who are registered to attend the conference. About ...
Autonomix Medical Announces Release of New CEO Corner Segment Highlighting Publication Strategy and Scientific Validation
Globenewswire· 2026-02-25 13:30
CEO, Brad Hauser, discusses building clinical credibility through rigorous science and peer-reviewed engagement THE WOODLANDS, TX, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Autonomix Medical, Inc. (NASDAQ: AMIX) (“Autonomix” or the “Company”), a medical device company dedicated to advancing precision nerve-targeted treatments, today announced the release of its latest CEO Corner segment featuring President and Chief Executive Officer, Brad Hauser. As part of the segment, Mr. Hauser discusses Autonomix’s publication ...
Jupiter Neurosciences Invited to Present Clinical and Commercial Progress at Investor Dinner at Mar-a-Lago
Globenewswire· 2026-02-25 13:30
JUPITER, FL, Feb. 25, 2026 (GLOBE NEWSWIRE) -- Jupiter Neurosciences, Inc. (NASDAQ: JUNS) ("Jupiter" or the "Company"), a clinical-stage pharmaceutical company focused on neuroinflammation and central nervous system disorders, announces that members of senior management have been invited, as the only company this evening, to present its progress at a private investor dinner taking place Wednesday, February 25, 2026 at 6:00 PM ET at The Mar-a-Lago Club in Palm Beach, Florida. The invitation-only event will c ...