LOS ANGELES, Dec. 11, 2023 /PRNewswire/ — As the year-end holiday season approaches, Christmas is just around the corner! It’s the perfect moment to kick off your shopping for those essential gifts. The yeedi holiday gift guide showcases a variety of robot vacuums tailored to meet the cleaning needs of diverse families. Whether you’re shopping for parents, Newly married couples, friends, or other recipients, this gift guide aims to provide inspiration with delightful robot vacuum presents.

yeedi Cube – The most affordable all-in-one Robot Vacuum Cleaner

Experience the true all-in-one convenience with the yeedi cube, a robot vacuum and mop that brings unprecedented hands-free cleaning to your home. This innovative device incorporates self-emptying, self-washing, and self-drying capabilities, revolutionizing your cleaning routine. The yeedi cube’s efficient self-empty system, featuring a unique L-shaped short tunnel design, swiftly captures 99% of dust in a mere 10 seconds, all while keeping noise disturbance to a minimum. With the ability to offer up to 60 days of completely hands-free maintenance, this device ensures a seamless and hassle-free cleaning experience.

yeedi vac station – The 3-in-1 Home Cleaning Hero

The yeedi vac station is a versatile cleaning solution that combines vacuuming, mopping, and self-emptying functions, offering a comprehensive 3-in-1 cleaning experience. Its innovative design includes a dust bag that seals in dirt for up to 30 days, providing an extended period before needing to be emptied. The model has the capacity to hold accumulated dirt for 30 days before requiring disposal. Equipped with a durable mopping system and a powerful 3000Pa suction, it ensures exceptional and long-lasting cleaning performance.

yeedi vac 2 pro – The Ideal Robot Vacuum for Families with Children

Ideal for individuals with rigorous kitchen cleaning requirements, the yeedi vac 2 pro emerges as the perfect solution. Its distinctive oscillating mopping system exhibits a unique back-and-forth motion, mimicking the efficiency of hand mopping but at an impressive 5 times faster pace. This exceptional feature makes it exceptionally adept at handling accidental spills, dried-on stains, and various kitchen messes. Additionally, the model incorporates advanced 3D obstacle avoidance technology, enabling intelligent navigation to evade daily floor obstacles and detect narrow spaces with precision. With these innovative functionalities, the yeedi vac 2 pro stands out as a versatile and efficient choice for those seeking powerful and intelligent cleaning solutions.

yeedi Vac Max –A Great Helper for Spacious Homes with Carpeting and Hard Surfaces

The yeedi vac max stands out as a versatile cleaning solution, proficient in both vacuuming and mopping simultaneously to handle various wet and dry messes in a single efficient operation. With a powerful suction capability of 3000Pa, it adeptly removes dirt with a force comparable to a hurricane. The smart features of this device include carpet recognition, allowing it to tailor the cleaning approach accordingly. During mopping mode, it navigates skillfully around carpets, and when in vacuuming mode, it autonomously amplifies suction power to ensure a comprehensive and deep cleaning experience.

yeedi vac 2 – The Effective Robot Vacuum and Mop for Household Use

Households with children often entail challenging cleaning duties and various floor clutter. The yeedi vac 2 makes for an ideal addition to a Christmas gift basket, providing a practical and thoughtful gift. With a sleek profile of 77mm ultra-thin design, it effortlessly navigates through tight spaces under furniture. Additionally, its innovative 3D obstacle avoidance technology ensures it remains free from getting stuck by intelligently maneuvering around daily floor obstacles and detecting narrow spaces with precision.

All the products mentioned above are readily available on Amazon. Feel free to explore and discover some delightful and unexpected holiday gifts for the year 2023. Don’t miss out on the opportunity to make this holiday season truly special with these fantastic offerings.

About yeedi

In a world of overpriced robot vacuums that fail to meet your needs, yeedi, an affordable robotic vacuum and mop created by ECOVACS is here to bring ease and enjoyment to your cleaning routine with advanced robotic vacuum technology.

With the mission of "Robotics for All", ECOVACS Robotics Inc. established yeedi to focus on providing floor cleaning robots for the mass market and making automated cleaning experiences accessible to more people. yeedi takes "practicality + innovation" as its product behavior guidelines and always seeks the best path forward. 

Media Contact: [email protected]

Source : Ideal Christmas Gift Ideas for Your Loved Ones in 2023

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The first wave of aelevate’s grant recipients is spearheading blockchain integration in the genres of fantasy sports and RPG auto battlers.

SINGAPORE, Dec. 11, 2023 /PRNewswire/ — aelf, the high-performance layer 1 blockchain network, announced the first batch of grant recipients for the aelevate gaming program, with the Building Grant, the first grant tranche of the program, distributed to Field of Dreams and Wizarre Stormfights.

aelevate program’s first batch of grant recipients: Field of Dreams and Wizarre Stormfights

"The response to the aelevate program has been overwhelming, indicating a pressing need to bridge the gaps faced by gaming studios looking to enter the Web3 gaming space. At its core, aelevate is designed to empower gaming studios, enabling them to tap into blockchain’s potential and providing them with a new and supplementary revenue model," said Linda Ang, Head of Strategy at aelf.

She adds, "Both established Web2 gaming studios and newcomers to the gaming industry can leverage the extensive support offered through aelevate. With Field of Dreams and Wizarre Stormfights joining aelf’s aelevate program, we anticipate contributing to their Web3 journey, supporting them as they deepen their impact in the blockchain gaming industry."

Serving as the gateway for gaming studios to Web3, aelevate provides financial support and technological and business assistance to successful applicants. The first grant tranche, the Building Grant, is dedicated to assisting applicants in building on aelf’s sidechain and integrating diverse dApps on the blockchain, including aelf’s incubated account abstraction wallet and NFT platform for the efficient launch and management of in-game NFTs.

"Our mission at FOD is to supercharge fantasy sports via Web3. We are thrilled to be collaborating with AELF and be part of their inaugural aelevate program. We look forward to being a part of the ecosystem and working with all the partners in bringing a robust fantasy sports experience to fans globally," shared Rich, Cofounder of Field of Dreams.

Chris Chodakowski, Founder of Wizarre Stormfights, said "We are proud and excited about our partnership with aelf; it marks a bold step towards the future of web3 gaming. By harnessing the potential of a modern chain, we’re addressing scalability issues and unlocking unparalleled efficiency. Choosing aelf over typical chains is not just a choice; it’s a commitment to a dynamic, cutting-edge ecosystem that will propel our games to new heights."

The games’ comprehensive integration on the aelf blockchain aims to elevate the gaming experience. By building on aelf, the games can ensure enhanced security, foster new revenue models and player-driven economies, and amplify player engagement through the creation and management of unique and verifiable in-game assets.

The first wave of aelevate’s grant recipients includes:

Field of Dreams

Field of Dreams (FOD) is a free-to-play fantasy sports platform with the goal of enabling cross-league and cross-sport interaction and creating a community-driven experience while breaking down the barriers of traditional fantasy sports.

Through aelevate, aelf will support FOD to unlock new possibilities for players in the world of fantasy sports. FOD will introduce its blockchain-native basketball fantasy game fully built on aelf’s sidechain. Notably, the game’s essential power-ups, integral for supercharging team strategising, will be tradable as NFTs on aelf, alongside FOD’s Genesis power-ups collection. Portkey, aelf’s incubated account abstraction wallet, will be the main login service, supporting power-up NFTs and the future $FOD token on aelf.

Wizarre Stormfights

Wizarre Stormfights is set to redefine RPG auto battlers. With aelf’s support, the game will be developed on aelf’s sidechain, featuring dynamic NFTs for in-game characters and items, allowing players to showcase their upgrades. Portkey, aelf’s incubated account abstraction wallet, will serve as the primary login service, providing a seamless experience for players. Forest, aelf’s primary marketplace, will foster a thriving economy for Wizarre Stormfights, presenting a new revenue model for the team.

aelevate program will announce additional grant recipients soon and is committed to facilitating gaming studios’ seamless transition into the dynamic Web3 space and accelerating the development of blockchain games.

Stay updated on aelf’s news and engage with the aelf community on:
Website: https://aelf.com
Telegram: https://t.me/aelfblockchain
Discord: https://discord.gg/bgysa9xjvD
–

About aelf

aelf, a high-performance Layer 1 featuring multi-sidechain technology for unlimited scalability. aelf blockchain is designed to power the development of Web3 and support its continuous advancement into the future. Founded in 2017 with its global hub based in Singapore, aelf is one of the pioneers of the mainchain-sidechain architecture concept. Incorporating key foundational components, including AEDPoS, aelf’s variation of a Delegated Proof-of-Stake (DPoS) consensus protocol; parallel processing; peer-to-peer (P2P) network communication; cross-chain bridges, and a dynamic side chain indexing mechanism, aelf delivers a highly efficient, safe, and modular ecosystem with high throughput, scalability, and interoperability.

aelf facilitates the building, integrating, and deploying of smart contracts and decentralised apps (dApps) on its blockchain with its native C# software development kit (SDK) and SDKs in other languages, including Java, JS, Python, and Go. aelf’s ecosystem also houses a range of dApps to support a flourishing blockchain network. aelf is committed to fostering innovation within its ecosystem and remains dedicated to driving the development of Web3 and the adoption of blockchain technology.

Source : aelf Announces Field of Dreams and Wizarre Stormfights as Inaugural Grant Recipients for aelevate Program

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After a successful stage 1, Lunit INSIGHT MMG moves to prospective validation in Australia’s BreastScreen NSW Machine Reading Solution Project

SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — Lunit (KRX:328130.KQ), a leading provider of AI-powered solutions for cancer diagnostics and therapeutics, today announced its progression to the second stage of the BreastScreen NSW (BSNSW) Machine Reading Solution Project.

Lunit’s AI-powered mammography analysis solution ‘Lunit INSIGHT MMG’

BSNSW, a key part of the national BreastScreen Australia Program, is a joint initiative funded by the Commonwealth, state and territory governments, and managed by the Cancer Institute NSW (New South Wales’ cancer control agency). The program’s primary objective is to enhance the survival rates of women diagnosed with breast cancer by facilitating early detection. BSNSW offers complimentary mammograms to women aged 40 and over, playing a pivotal role in the fight against breast cancer.

Last year, Lunit INSIGHT MMG, Lunit’s AI-powered mammography analysis solution, was selected as the preferred AI technology for mammogram screening in the BSNSW State program. The selection of Lunit INSIGHT MMG was a global first, marking the beginning of a new era where national cancer screening organizations assess the operational role of AI solutions in maintaining and improving client outcomes.

The project’s first stage validated the accuracy and clinical benefits of Lunit INSIGHT MMG, where approximately 650,000 mammograms were analyzed against historical reports delivered by BSNSW radiologists. The successful completion has paved the way for Lunit to move forward to the next.

In the upcoming Stage 2, Lunit INSIGHT MMG will undergo a prospective validation in the intended production workflow. An estimated 200,000 exams will be assessed over six months, with the system shadowing radiologist reads across the duration of the stage. This project stage will also include evaluations of Lunit’s recently FDA-cleared Lunit INSIGHT DBT, an AI solution for 3D breast tomosynthesis.

"As we progress through the stages of the BreastScreen NSW Machine Reading Solution Project, it’s not just about validation; it’s a journey reshaping the landscape of cancer diagnostics. The world’s first deployment of AI in a national cancer screening program signifies more than technical milestones—it’s about setting a precedent and raising the bar for excellence in healthcare," said Brandon Suh, CEO of Lunit.

Upon successful completion of Stage 2, Lunit will advance to the final Stage 3, operational deployment. In this final stage, Lunit INSIGHT MMG solution will be integrated into the BSNSW PACS/BIS environment, supplying AI reports for screening exams across the organization. 

Once all three stages are completed, Lunit will secure a 5-year operational contract with BSNSW, including a renewal clause that extends the agreement for up to 10 years. Lunit expects this partnership to lead to further secure supply and operation in similar screening programs throughout Australia, Oceania, Asia, and Europe.

"As we move on to the second and final stages, we pledge to do our utmost to ensure the success of these critical milestones. We are honored to take part in the BSNSW project, paving a new way and contributing to elevated standards in cancer diagnostics through AI," added Brandon.

About Lunit

Founded in 2013, Lunit is a deep learning-based medical AI company on a mission to conquer cancer. We are committed to harnessing AI to ensure accurate diagnosis and optimal treatment for each cancer patient using AI-powered medical image analytics and AI biomarkers.

As a medical AI company grounded on clinical evidence, our findings are presented in major peer-reviewed journals, such as the Journal of Clinical Oncology and the Lancet Digital Health, and global conferences, including ASCO and RSNA. 

After receiving FDA clearance and the CE Mark, our flagship Lunit INSIGHT suite is clinically used in approximately 3,000+ hospitals and medical institutions across 40+ countries. Lunit is headquartered in Seoul, South Korea, with offices and representatives worldwide. For more information, please visit lunit.io.

Source : Lunit Advances to Stage 2 of Australia's National Breast Cancer Screening Project

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SEOUL, South Korea, Dec. 11, 2023 /PRNewswire/ — CLASS101 (CEO Daisun Kong), South Korea’s top online learning platform, today announced that it has entered into an industry-pioneering partnership with MarqVision. In joining forces with MarqVision, the world’s first AI-powered Growth Protection Platform, CLASS101 aims to safeguard the creative rights of its creators with cutting-edge technologies, thus ensuring that they can focus on producing their content without fearing misappropriation.

[CLASS101 & MARQVISION logo image]

After consolidating its Korean, Japanese, and English subscription services into a globally integrated product in December 2022, CLASS101 has evolved into a place where tens of thousands of learners and creators from around the world interact every day. Naturally, the company became keenly aware of the need to protect the knowledge, techniques, and know-how of its creators in all forms and manners. To this end, MarqVision proved to be just the perfect partner.

Via the newly-forged partnership, CLASS101 has begun leveraging MarqVision’s MARQ Content and MARQ Commerce services. The former automatically detects and removes any instances of copyright infringement. The latter keeps a vigilant eye on social media and e-commerce platforms and roots out unauthorized sales and/or distribution of the intellectual property of CLASS101’s creators. Thanks to MarqVision’s state-of-the-art AI technologies, CLASS101 enjoys the capacity to respond to acts of copyright violation in real time. The intellectual property and creative rights of CLASS101’s creators have never been in safer hands.

CLASS101’s vast library of offerings boasts over 5,000 classes across diverse categories such as arts, crafts, fitness, cooking, languages, technology, career hacks, child education, and wealth management. The collaboration with MarqVision underscores the company’s unwavering dedication to safeguarding the inherent value of the proprietary knowledge shared by its creators through their classes. This partnership is, in turn, a tangible demonstration of CLASS101’s commitment to fostering long-term trust with its creators.

"CLASS101 sought a secure and efficient means to protect the intellectual property of its creators, and our partnership with MarqVision provides us with a distinct advantage in this respect," stated Hyeonseo Ku, General Manager at CLASS101. "We are committed to creating an environment where not only the proprietary knowledge of our creators is kept safe but also where learners enrich their lives by discovering and learning what they truly love on CLASS101."

The announcement of the partnership with MarqVision arrives on the heels of a Series B bridge investment that CLASS101 successfully secured in the amount of USD 12.2 million (KRW 16 billion). The latest funding was led by such prominent global VCs as Goodwater Capital and SoftBank Ventures Asia. The proceeds will be used to develop new tools, features, and services for creators and learners alike that would further distinguish CLASS101 from its competitors and boast its position as a market leader in the e-learning industry in South Korea and beyond.

For more information on CLASS101, visit https://class101.net/en

Source : CLASS101 Joins Forces with MarqVision in a Pioneering Partnership to Safeguard the Intellectual Property of Its Creators

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Hollysys Board has unanimously approved Ascendent’s all cash offer at 42% premium to the unaffected price as of 23 August 2023 Agreement marks culmination of formal sale process conducted by Special Committee of independent directors

BEIJING, Dec. 11, 2023 /PRNewswire/ — Hollysys Automation Technologies Ltd. (NASDAQ: HOLI) ("Hollysys" or the "Company") today announced that it has reached an agreement to be acquired by Ascendent Capital Partners ("Ascendent"), an international private investment firm headquartered in Hong Kong. The acquisition, which concludes a months-long sale process, will be completed through an all-cash transaction valued at approximately US$1.66bn.

According to the terms of the agreement, Ascendent will acquire all outstanding shares of Hollysys that it does not currently own for US$26.50 per share in cash. This price represents a premium of 42% to the unaffected price of US$18.66 as of August 23, 2023. The Board of Directors of Hollysys (the "Board"), upon the unanimous recommendation of the Special Committee of independent directors, has given its unanimous approval for the transaction.

Today’s agreement enables Hollysys’ shareholders to realize substantial cash value at a significant premium to the Company’s recent trading price. Additionally, the ability of Ascendent to secure reputable funding sources and execute the transaction expeditiously further enhances the attractiveness of the deal.

This agreement marks the successful culmination of a formal sale process that was part of a review of various strategic options to maximize value for shareholders, including continued execution of the current strategic plan. A sale was determined to provide maximum value discovery to realize the highest value for shareholders.

The Board formed the Special Committee of independent directors on October 2, 2023 to run the sale process with the assistance of external advisors. Throughout the process, the Special Committee engaged in extensive discussions with multiple credible offerors who expressed interest in acquiring the Company and a number of buyers participated in such sale process.

Certain transaction details

The deal will be subject to shareholder approval by the Company and certain closing conditions, including customary regulatory approval.

Advisors

Deutsche Bank AG, Davis Polk & Wardwell, Mourant Ozannes (Hong Kong) LLP, and Haiwen & Partners are serving as advisors to Hollysys. Ascendent is advised by Morrison & Foerster LLP, Appleby and Zhong Lun Law Firm.

About Hollysys Automation Technologies Ltd.

Hollysys is a leading automation control system solutions provider in China, with overseas operations in eight other countries and regions throughout Asia. Leveraging its proprietary technology and deep industry know-how, Hollysys empowers its customers with enhanced operational safety, reliability, efficiency, and intelligence which are critical to their businesses. Hollysys derives its revenues mainly from providing integrated solutions for industrial automation and rail transportation. In industrial automation, Hollysys delivers the full spectrum of automation hardware, software, and services spanning field devices, control systems, enterprise manufacturing management and cloud-based applications. In rail transportation, Hollysys provides advanced signaling control and SCADA (Supervisory Control and Data Acquisition) systems for high-speed rail and urban rail (including subways). Founded in 1993, with technical expertise and innovation, Hollysys has grown from a research team specializing in automation control in the power industry into a group providing integrated automation control system solutions for customers in diverse industry verticals. As of June 30, 2023, Hollysys had cumulatively carried out more than 45,000 projects for approximately 23,000 customers in various sectors including power, petrochemical, high-speed rail, and urban rail, in which Hollysys has established leading market positions.

About Ascendent Capital Partners

Ascendent Capital Partners, headquartered in Hong Kong, is a private equity investment management firm managing assets for global institutional investors, including sovereign wealth funds, endowments, pensions and foundations.

Ascendent has successfully led and executed a large number of innovative and ground-breaking private equity investments, generating strong risk-adjusted returns for investors and business growth for our portfolio companies. Ascendent has established a consistent track record in providing advice and solution capital to entrepreneurs, business owners and management teams, building long-lasting relationships through in-depth collaboration. For additional information about Ascendent, please visit Ascendent’s website at www.ascendentcp.com.  

Safe Harbor Statements

This release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements, other than statements of historical fact included herein are "forward-looking statements," including statements regarding the ability of the Company to achieve its commercial objectives; the business strategy, plans and objectives of the Company; growth in financial and operational performance of the Company; and any other statements of non-historical information. These forward-looking statements are often identified by the use of forward-looking terminology such as "will," "expects," "anticipates," "future," "intends," "plans," "believes," "estimates," "target," "confident," or similar expressions involve known and unknown risks and uncertainties. Such forward-looking statements, based upon the current beliefs and expectations of Hollysys’ management, are subject to risks and uncertainties, which could cause actual results to differ from the forward-looking statements. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

Contact Information

Company Contact:
Hollysys Automation Technologies Ltd.
www.hollysys.com
+8610-5898-1386
[email protected] 

Media Contacts (Hong Kong and New York):
Brunswick Group
[email protected] 

Daniel Del Re (Hong Kong)
[email protected]
+852 9255 5136

Libby Lloyd (New York)
[email protected]
+1 347 283 3871

Source : Hollysys to be Acquired by Ascendent Capital Partners for US$26.50 in Cash Per Share

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Inovalon ONE® Platform seamlessly aggregates, standardizes, and analyzes diverse data to gain meaningful insights, support evidence-based decision-making, and offer data security and privacy.

SAN ANTONIO, Dec. 11, 2023 /PRNewswire/ — Frost & Sullivan recently researched the healthcare analytics and real-world evidence (RWE) information technology solutions industry and, based on its analysis, recognizes Inovalon with the 2023 North American Product Leadership Award. The cloud-based software-as-a-service (SaaS) provider empowers healthcare organizations with data-driven insights to improve clinical, operational, and financial performance. Through the Inovalon ONE® Platform and its Insights solutions, Inovalon supports payers, providers, pharmacies, and life sciences organizations using real-world data (RWD) and advanced analytics to enhance healthcare outcomes and economics.

The cloud-based Inovalon ONE Platform provides SaaS solutions leveraging the company’s national-scale connectivity, real-time primary source data, and advanced analytics to provide actionable insights that inform and expedite patient care and business strategies. Using Inovalon’s MORE2 Registry®, the nation’s largest healthcare dataset originating from longitudinally matched and primary source data, the platform helps achieve data integration, compliance, and security. Additionally, Inovalon’s subject matter expertise, vast dataset, and robust data governance help enable artificial intelligence (AI) and machine learning (ML) capabilities to automate workflows, identify and address care gaps, and support its partnerships with technology companies like AWS.

Payers, providers, pharmacies, and life sciences organizations can use tailored cloud solutions on the Inovalon ONE Platform to seamlessly aggregate, standardize, and analyze diverse or siloed data to gain meaningful insights and support evidence-based decision making:

Inovalon Data Cloud harnesses diverse, longitudinally linkable healthcare data to accelerate healthcare research for life sciences organizations and enable the improvement of economics and outcomes for providers, payers, and pharmacies. Inovalon Payer Cloud offers advanced analytics and dynamic business intelligence to support health plans in improving clinical quality metrics, risk score accuracy, value-based care, member and provider engagement, and more. Inovalon Provider Cloud provides a user-friendly, single-sign-on portal for streamlining revenue cycle management, care quality management, and workforce management. Inovalon Pharmacy Cloud facilitates pharmacy operations and enhances clinical performance through real-time data exchange, automated processing, and electronic decision support.

Ojaswi Rana, best practices research analyst at Frost & Sullivan, observed, "Inovalon’s best practices transform data into actionable insights through tailored solutions while adapting to market demands and evolving toward innovative SaaS offerings."

Inovalon’s unique access to extensive and longitudinally linked healthcare datasets positions it as a fundamental framework for innovative solutions, differentiating it in the industry. Its distinct advantage is its collaboration across payer, provider, specialty pharmacy, and life sciences domains, allowing it to effectively utilize data and analytics to address emerging trends in targeted medicine, gene therapy, and oncology. Inovalon is well-positioned to capitalize on new growth opportunities, cementing its position in the North American healthcare analytics and RWE IT solutions space.

"The Inovalon ONE Platform seamlessly aggregates, standardizes, and analyzes diverse healthcare data from electronic health records and claims data to provide payers, pharmacies, providers, and life sciences organizations with evidence-based insights for better patient care and decision-making. The company remains a trusted partner, earning a reputation for offering the best healthcare analytics and RWE IT solutions," added Unmesh Lal, research director for Healthcare & Lifesciences at Frost & Sullivan.

Each year, Frost & Sullivan presents this award to the company that has developed a product with innovative features and functionality that is gaining rapid market acceptance. The award recognizes the quality of the solution and the customer value enhancements it enables.

Frost & Sullivan Best Practices Awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan
For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

About Inovalon
Inovalon is a leading provider of cloud-based software solutions empowering data-driven healthcare. The Inovalon ONE® Platform brings together national-scale connectivity, real-time primary source data access, and advanced analytics into a sophisticated cloud-based platform empowering improved outcomes and economics across the healthcare ecosystem. The company’s analytics and capabilities are used by nearly 20,000 customers supporting more than 50,000 sites of care, and are informed by the primary source data of more than 79 billion medical events across one million physicians, 654,000 clinical settings, and 375 million unique patients. For more information, visit www.inovalon.com.

Contact:
Ashley Weinkauf
P: 210-844-2505
E: [email protected]

Nick Panayi for Inovalon
Chief Marketing Officer
[email protected]

Source : Inovalon Applauded by Frost & Sullivan for Improving Healthcare Delivery, Patient Outcomes, and Data Security with Its Inovalon ONE® Platform

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China’s Leading NEV Fleet Management Company Secures One of the Largest US Dollar Private Investments in 2023 

Highlights:

DST aims to expand the scale of its NEV fleet in China as well as to deepen its R&D efforts, increase offline service network, and offer comprehensive and tailor-made service packages Management remains unwavering in its drive to implement sustainable practices at every level, supporting the environment and society while achieving further scalability and growth In collaboration with prominent strategic and financial partners, DST will look to explore international expansion

SHENZHEN, China, Dec. 11, 2023 /PRNewswire/ — DST, China’s leading new energy vehicle ("NEV") fleet management company, today announced the completion of a US$ 80 million round of financing, led by a globally renowned growth fund as well as several existing shareholders. This investment will fuel further investments in R&D and, more specifically, its real-time computational analytics. These technologies are key to enhancing DST’s digitalized fleet management capabilities and helping to efficiently and effectively expand and manage the increased scale of the company’s NEVs for logistics fleet in China.

DST has long been the go-to partner for logistics companies like SF Express, JD Logistics, and other well-known clients from various industries. DST’s clients desire to lower their total cost of vehicle ownership, maximize operational efficiencies, and streamline their logistics schedules. To date, the Company has approximately 100,000 logistics NEVs under management, serving over 5,000 enterprise clients and over 400,000 drivers on its digitalized logistics platform and offline service network.

Ms. Haiying Zhang, Founder and Chairman of DST, commented, "As the founder of DST, I am proud to lead a company that exemplifies technological leadership and unwavering commitment to sustainability in China’s logistics and fleet management industry. As a firm believer and practitioner of carbon neutrality, we share the mutual goal of reducing carbon emissions with our new investor. Our innovative solutions, digital intelligence, and commitment to environmental responsibility not only sets us apart but also drives our entire industry forward. DST is not just a company; it’s a catalyst for change and a beacon of excellence in this transformative era for logistics and fleet management. With the proceeds, we are poised to make additional investments in deepening our R&D capabilities and expanding our computational analytics infrastructure, ensuring that we remain at the forefront of industry innovation. By doing so, we are confident to create long-term value for our stakeholders."

As the leader in digital intelligent operation services for new energy logistics in China, DST has intensified its commitment to advancing the sustainability of China’s logistics industry in line with the national "dual carbon" goal. The core mission remains focused on enabling the electrification of urban logistics through comprehensive solutions, encompassing vehicle leasing, sales, charging, storage, maintenance, and environmentally conscious practices. The company also focuses on end-to-end services and environmentally responsible practices, supporting circular economy principles, digital transformation, and privacy protection while aligning with the UN Sustainable Development Goals and implementing robust ESG governance. DST’s pledge to ESG principles is exemplified by obtaining the highly coveted "Dark Green Rating" for both its revenue and CAPEX from Cicero – Shades of Green, an S&P Global brand which provides independent research-based ESG evaluations. DST’s future vision is centered on innovation, efficiency, and collaboration, driving the growth of the entire industry ecosystem and enhancing value for all stakeholders.

More information about DST is available at www.dstcar.com.

About DST

Founded in 2015, DST Electric Vehicle Rental (Shenzhen) Co., Ltd.("DST", the "Company", "we"), is a leading digital intelligent operation service provider in China for new energy logistics vehicles. Based on the principles of green and sustainable development, we take the responsibility of promoting the full electrification of urban logistics vehicles and managing their life cycle as our approach. DST connects the whole value chain of the new energy logistics vehicle industry and provides customers with a digital intelligent operation service network, including asset operation and services integrating vehicle leasing and sales, charging, storage, maintenance, and cascade utilization. We empower every participant in the industry to achieve efficiency and value enhancement by "service-oriented" and continue to promote the standardization and intelligence of the industry, so that the emerging ecosystem will become simpler and more effective due to DST.

Media and Investor Contact:

Public Relations: [email protected]
Investor Relations: [email protected]

Source : DST Raises US$80 Million in Latest Round of Financing

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