DeepSolar Predict

Search documents
PainReform Provides Business Update for the Six Months Ended June 30, 2025
Globenewswire· 2025-10-01 13:27
Core Insights - PainReform Ltd. has made significant advancements in both specialty pharmaceuticals and renewable energy technologies during the first half of 2025, focusing on non-opioid solutions for pain management and AI-driven solar analytics [3][12] Pharmaceutical Programs - The company acquired a majority interest in LayerBio, enhancing its pipeline with the OcuRing™-K platform, a novel therapy targeting a global market of approximately $9 billion for post-surgical pain management [6][7] - Continued development of PRF-110 is underway, which showed significant efficacy in the early postoperative period despite not meeting primary endpoints in a Phase 3 trial [7] DeepSolar Division - The DeepSolar division has shown strong momentum, highlighted by the completion of the MyDeepSolar consumer app and acceptance into NVIDIA's Connect Program, which will aid in developing the DeepSolar Predict forecasting solution [3][14] - A successful 92MW pilot project with Econergy in Romania has transitioned into the company's first commercial customer agreement, marking a significant step in commercial deployment [3][14] Financial Performance - The company reduced its net loss to approximately $2.3 million for the six months ended June 30, 2025, down from $12.8 million in the same period the previous year [11] - Research and development expenses significantly decreased to approximately $0.3 million compared to $11.4 million in the prior year, primarily due to the completion of the Phase 3 clinical trial for PRF-110 [9] - As of June 30, 2025, PainReform maintained cash and cash equivalents of approximately $3.5 million and positive working capital of approximately $1.5 million [11]
Nvidia enrollment sends this stock soaring 130%
Finbold· 2025-08-19 14:15
Core Insights - Shares of PainReform surged nearly 130% after its renewable energy arm, DeepSolar, was accepted into the Nvidia Connect Program, trading at $3.06, although the stock is still down over 20% year-to-date [1] Group 1: Nvidia Partnership and Technology - Through the Nvidia program, DeepSolar will access advanced AI frameworks and tools to enhance its solar forecasting solution, DeepSolar Predict, which aims to improve weather forecast accuracy by up to 50% [2] - The integration of NVIDIA's AI capabilities with DeepSolar's expertise is expected to redefine photovoltaic energy forecasting and optimization [3] Group 2: Financial Performance and Challenges - Despite the recent stock surge, PainReform shares have lost over 80% in the past year, indicating ongoing struggles for the company [4] - The company is diversifying into biotechnology with a majority stake acquisition in LayerBio, which supports the development of OcuRing-K, a drug delivery system for post-surgical pain management [4][5] - The investment in OcuRing-K could total $3 million, with $600,000 already committed [5]
PainReform/DeepSolar Accepted into NVIDIA Connect Program
Globenewswire· 2025-08-19 12:30
Core Insights - DeepSolar, a solar energy business unit of PainReform Ltd., has been accepted into the NVIDIA Connect Program, which provides access to advanced AI tools and support for developing its solar forecasting platform [1][2][6] - The DeepSolar Predict solution aims to enhance weather prediction accuracy by up to 50%, improving the reliability of solar energy output predictions [2][3] - The software platform has already shown the ability to increase energy production and reduce operational and maintenance costs by up to 30% [4] Company Developments - Participation in the NVIDIA Connect Program allows DeepSolar to leverage NVIDIA's AI frameworks and engineering support, which will aid in the development of its solar forecasting solution [2][6] - Initial engagements with photovoltaic (PV) developers and utility-scale operators are underway to test DeepSolar Predict in real-world scenarios [4] - The advancements in solar forecasting align with growing demands for intelligent asset management solutions in the solar industry, particularly as alternative energy needs increase [3][5] Industry Context - The need for accurate weather forecasting is critical for solar asset owners to balance supply predictions with market conditions [3] - Enhanced predictive capabilities from DeepSolar Predict are expected to provide advantages such as reducing imbalance penalties from inaccurate forecasts and maximizing revenue through improved energy sale timing [8] - The global solar industry is experiencing accelerated deployment, necessitating performance optimization and cost control solutions [3][5]