IHU

MEDITWIN Brings Together French Science and Technology Excellence Around Virtual Twins for the Future of Medical Care

Retrieved on: 
Wednesday, January 24, 2024

MEDITWIN will offer virtual twins for medical practice, helping to improve the quality of care for safer, more accessible healthcare for all.

Key Points: 
  • MEDITWIN will offer virtual twins for medical practice, helping to improve the quality of care for safer, more accessible healthcare for all.
  • The MEDITWIN project will offer personalized virtual twins of organs, metabolism and cancer, for better diagnosis and treatment.
  • Seven new medical practices will be developed from the virtual twins, in neurology, cardiology and oncology.
  • The MEDITWIN public-private alliance is a major step forward, mobilizing the best of medicine, science and technology to serve future healthcare.

Combination Therapy and Precision Medicine Spotlighted as the Gold Standard for the Next Generation of Alzheimer's Treatments in the Journal of Prevention of Alzheimer's Disease (JPAD)

Retrieved on: 
Tuesday, January 16, 2024

NEW YORK, Jan. 16, 2024 /PRNewswire/ -- The Journal of Prevention of Alzheimer's Disease (JPAD) with the support of the Alzheimer's Drug Discovery Foundation (ADDF) recently published a comprehensive issue, "The Biology of Aging: Leading The Next Generation of Alzheimer's Drug Development With a Geroscience Focus," which supports the consensus that combination therapy and precision medicine are the future of Alzheimer's treatment. This landmark publication arrives at a critical time in the Alzheimer's research field following significant drug breakthroughs of anti-amyloid therapies and the emergence of the biology of aging as the leading approach for drug development. This issue emphasizes the need to advance new therapies that target the underlying biology of the disease while also offering a roadmap for the next generation of Alzheimer's therapies.

Key Points: 
  • This issue emphasizes the need to advance new therapies that target the underlying biology of the disease while also offering a roadmap for the next generation of Alzheimer's therapies.
  • Each of these novel targets introduces a new and much-needed multi-pronged approach for developing Alzheimer's treatments, which can complement anti-amyloid drugs on the market.
  • The development of future therapies will enhance our growing understanding of the disease and how the various pathways interact to affect the disease state."
  • "This is a noteworthy achievement, as the publication will serve as the first extensive roadmap of non-amyloid pathways with the potential to address the complexity of Alzheimer's disease."

ECARX Announces Third Quarter 2023 Financial Results

Retrieved on: 
Thursday, November 9, 2023

LONDON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended September 30, 2023.

Key Points: 
  • LONDON, Nov. 09, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today announced unaudited financial results for the quarter ended September 30, 2023.
  • “With revenue up 50% year-on-year, ECARX has delivered yet another quarter of robust growth, driven by growing demand for increasingly sophisticated digital cockpit solutions,” said ECARX Chairman and CEO Ziyu Shen.
  • Third Quarter 2023 Operation and Product Updates:
    Volvo EX30 equipped with ECARX Cloudpeak began production in September 2023 and will be launched globally in late 2023.
  • ECARX will host a webcast of its earnings conference call today, Thursday, November 9, 2023, at 8:00 a.m. EST.

ECARX Announces Second Quarter 2023 Financial Results

Retrieved on: 
Wednesday, August 9, 2023

LONDON, Aug. 09, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today reported financial results for the quarter ended June 30, 2023.

Key Points: 
  • LONDON, Aug. 09, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today reported financial results for the quarter ended June 30, 2023.
  • Commenting on the results, ECARX Co-founder, Chairman and CEO Ziyu Shen said: “The pace of business accelerated in the second quarter, reflecting strong demand for our customers’ vehicles.
  • Comparative financial information is presented by combining assets, liabilities, revenues, expenses and equity of ECARX and JICA using the pooling-of interests method.
  • To access the webcast, visit the Events & Presentations section of the ECARX Investor Relations website, or visit the following link – https://edge.media-server.com/mmc/p/szjs3bnj .

ECARX Announces First Quarter 2023 Financial Results

Retrieved on: 
Monday, June 12, 2023

LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today reported financial results for the quarter ended March 31, 2023.

Key Points: 
  • LONDON, June 12, 2023 (GLOBE NEWSWIRE) -- ECARX Holdings, Inc. (Nasdaq: ECX) ("ECARX" or the “Company”), a global mobility tech provider, today reported financial results for the quarter ended March 31, 2023.
  • The Company also reaffirmed its financial guidance for the full year 2023 following strong execution in the first quarter.
  • “ECARX is off to a strong start in 2023, with our first quarter results reflecting global demand for our automotive technology,” said Ziyu Shen, co-founder, Chairman and CEO of ECARX.
  • As I look forward to the remainder of the year, I am confident ECARX’s first quarter success positions us well for 2023 and beyond."

ECARX and COVA Acquisition Corp. Announce Closing of Business Combination

Retrieved on: 
Wednesday, December 21, 2022

Proceeds will support ECARX in accelerating its technology development and product roll-out, strategic acquisitions and investments, and international expansion

Key Points: 
  • Proceeds will support ECARX in accelerating its technology development and product roll-out, strategic acquisitions and investments, and international expansion
    LONDON, Dec. 21, 2022 /PRNewswire/ -- ECARX Holdings, Inc. ("ECARX"), a global mobility tech company, and COVA Acquisition Corp., ("COVA"), a publicly traded special purpose acquisition company, today announced the completion of their previously announced business combination (the "Business Combination"), which closed on December 20, 2022.
  • The Business Combination was approved at an Extraordinary General Meeting of COVA shareholders held on December 14, 2022.
  • As the industry transitions to an all-electric future, ECARX will help to transform cars into computers on wheels – always on, always connected.
  • COVA Acquisition Corp. is a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.

ECARX Holdings Inc. and COVA Acquisition Corp., Announce Registration Statement Effectiveness and Extraordinary General Meeting Date to Approve Business Combination with ECARX

Retrieved on: 
Monday, November 21, 2022

LONDON, Nov. 21, 2022 /PRNewswire/ -- ECARX Holdings, Inc. ("ECARX"), a global mobility technology company, today announced that its registration statement on Form F-4 (the "Registration Statement"), in connection with its previously announced proposed business combination (the "Business Combination") with COVA Acquisition Corp. ("COVA"), has been declared effective by the U.S. Securities and Exchange Commission (the "SEC").

Key Points: 
  • COVA will hold an Extraordinary General Meeting of Shareholders at 9:00 a.m. Eastern time on December 14, 2022, to approve the previously announced business combination with ECARX.
  • Shareholders of record at the close of business on November 8, 2022, will be entitled to receive notice of and to vote at the Extraordinary General Meeting.
  • Shareholders will be able to attend and vote their shares during the Extraordinary General Meeting via a live webcast available at www.virtualshareholdermeeting.com/COVAU2022SM .
  • At the closing, current ECARX shareholders will roll their existing equity holdings into the post-business combination company.

ECARX Secures $65 Million Convertible Note Financing Prior to its Planned Business Combination with COVA Acquisition Corp.

Retrieved on: 
Monday, November 14, 2022

LONDON, Nov. 14, 2022 /PRNewswire/ -- ECARX Holdings, Inc. ("ECARX" or the "Company"), a global mobility tech company, today announced that the Company has entered into an agreement with SPDB International (Hong Kong) Limited and CNCB (Hong Kong) Investment Limited for $65 million of convertible senior notes due 2025. The $65 million convertible note financing adds to the Company's $45 million in capital raised from strategic partners, Geely Holding Group and Luminar, and convertible note holder Lotus Technology, which was announced concurrently with the merger agreement entered into on May 26, 2022 between ECARX and COVA Acquisition Corp. ("COVA") related to the proposed business combination between ECARX and COVA.

Key Points: 
  • The $65 million convertible note financing adds to the Company's $45 million in capital raised from strategic partners, Geely Holding Group and Luminar, and convertible note holder Lotus Technology, which was announced concurrently with the merger agreement entered into on May 26, 2022 between ECARX and COVA Acquisition Corp.("COVA") related to the proposed business combination between ECARX and COVA.
  • China International Capital Corporation Hong Kong Securities Limited served as the financial advisor to ECARX leading the $65 million private convertible senior note financing.
  • COVA Acquisition Corp. is a blank check company whose business purpose is to effect a merger, amalgamation, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses or entities.
  • The forward-looking statements in this communication represent the views of COVA and ECARX as of the date of this communication.

ECARX digital head unit launches in Europe in the new smart #1

Retrieved on: 
Wednesday, November 2, 2022

The ECARX-developed digital head unit, running a smart and ECARX co-developed operating system known as smart OS, gives users a more customisable and intuitive experience while exemplifying the smart brand spirit.

Key Points: 
  • The ECARX-developed digital head unit, running a smart and ECARX co-developed operating system known as smart OS, gives users a more customisable and intuitive experience while exemplifying the smart brand spirit.
  • Commenting, ECARX Chairman and CEO, Ziyu Shen said: "Millions of users in different regions are already enjoying ECARX-developed digital cockpit solutions but we are especially excited to roll-out our latest generation Digital Head Unit in the smart #1 for customers in Europe.
  • Dirk Adelmann, CEO smart Europe, said: "We are very happy with the solution we've created together with ECARX for the smart #1.
  • Image: smart #1 Digital Head Unit developed by ECARX (Note: Final production screen may vary slightly).

ECARX digital head unit launches in Europe in the new smart #1

Retrieved on: 
Wednesday, November 2, 2022

The ECARX-developed digital head unit, running a smart and ECARX co-developed operating system known as smart OS, gives users a more customisable and intuitive experience while exemplifying the smart brand spirit.

Key Points: 
  • The ECARX-developed digital head unit, running a smart and ECARX co-developed operating system known as smart OS, gives users a more customisable and intuitive experience while exemplifying the smart brand spirit.
  • Commenting, ECARX Chairman and CEO, Ziyu Shen said: "Millions of users in different regions are already enjoying ECARX-developed digital cockpit solutions but we are especially excited to roll-out our latest generation Digital Head Unit in the smart #1 for customers in Europe.
  • Dirk Adelmann, CEO smart Europe, said: "We are very happy with the solution we've created together with ECARX for the smart #1.
  • Image: smart #1 Digital Head Unit developed by ECARX (Note: Final production screen may vary slightly).