Day: May 1, 2023

• Nanox.ARC presents high powered digital X-ray tubes for 3D tomosynthesis imaging
• Nanox.ARC could help expand the availability of medical imaging

NEVE ILAN, Israel, May 01, 2023 (GLOBE NEWSWIRE) — NANO-X IMAGING LTD (“Nanox” or the “Company,” Nasdaq: NNOX), an innovative medical imaging technology company, today announced that it has received a 510(k) clearance from the U.S. Food and Drug Administration (FDA) to market the multi-source Nanox.ARC, including the Nanox.CLOUD, its accompanying cloud-based infrastructure. Nanox.ARC is a stationary X-ray system intended to produce tomographic images of the human musculoskeletal system adjunctive to conventional radiography on adult patients. Representing a major advancement in X-ray technology, Nanox.ARC is a multi-source digital 3D tomosynthesis system that utilizes novel, cold cathode X-ray tubes, which the Company intends to offer using an innovative pay-per-scan business model.

The FDA cleared Nanox.ARC for use in professional healthcare ‎facilities or ‎radiological ‎environments, such as ‎hospitals, clinics, imaging ‎centers, and ‎other medical practices‎ by trained radiographers, ‎radiologists, and physicians, and has the potential to increase availability to medical imaging around the world, once approved by local regulatory authorities and deployed at scale.

Nanox.ARC

The Company received 510(k) clearance to market its single-source X-ray device, known as the Nanox Cart X-Ray System, in April 2021. The multi-source Nanox.ARC has the ability to reconstruct a series of 2D projection images into a stack of tomograms (or slices) of the imaged object, forming a 3D visualization. This visualization reduces the effect of overlying structures and provides in-depth information on structures of interest.

“Today’s milestone is a significant achievement as part of our commitment to make state-of-the-art medical imaging technology available for use in a wide array of professional healthcare facilities and other medical practices,” said Erez Meltzer, Chief Executive Officer of Nanox. “Our vision is that Nanox’s innovative technology and approach not only have the potential to increase access to medical imaging, but also to shift healthcare from reactive to proactive—enabling early detection and prevention of diseases.”

Following this clearance, Nanox will continue to work with the FDA to pursue additional regulatory clearances and intends to expand clinical indications. The U.S. regulatory clearance also paves the way for Nanox.ARC to be approved in other countries that are FDA-clearance-based markets. Other applications will be available in other markets per local regulatory approvals.

Medical imaging systems are an important early detection tool that are key to initiating early treatment, improving health outcomes, and ultimately saving lives. Approximately two-thirds of the world’s population does not have access to medical imaging systems, according to the World Health Organization (WHO),¹ while many people with access face substantial wait times for scanning, potentially delaying diagnoses. By introducing an innovative pay-per-scan business model, Nanox offers an opportunity to help expand these resources to more healthcare settings.

While access to medical imaging is relatively high in the U.S. compared to many other countries, medical imaging can still be limited in certain areas, particularly in rural or low-income areas where facilities and equipment may be scarce. For example, compared with patients at urban hospitals, emergency department patients in rural hospitals are 7% less likely to receive advanced imaging, while patients at critical access hospitals are 18% less likely to have advanced imaging.²

“The FDA clearance of Nanox.ARC represents an important breakthrough and represents an opportunity to increase the availability and accessibility of medical imaging in the United States and worldwide,” said Geoffrey Rubin, MD, MBA, Professor and Chairman of the Department of Medical Imaging at the University of Arizona and a member of Nanox’s Advisory Board. “Medical imaging is essential for detecting, diagnosing, and managing disease, guiding treatment decisions for improved health outcomes. Nanox.ARC has the potential to be a cost-effective and scalable imaging solution in healthcare settings that would otherwise be unable to deploy traditional medical imaging equipment.”

EDITOR’S NOTE: Photographs and video of Nanox.ARC are available upon request. Please contact NanoxPR@icrinc.com.

About Nanox
We, NANO-X IMAGING LTD or Nanox (Nasdaq: NNOX), are focused on applying our proprietary medical imaging technology and solutions to make diagnostic medicine more accessible and affordable across the globe.

Nanox’s vision is to increase access, reduce costs and enhance the efficiency of routine medical imaging technology and processes, in order to improve early detection and treatment, which Nanox believes is key to helping people achieve better health outcomes, and, ultimately, to save lives.

The Nanox ecosystem includes Nanox.ARC – a multi-source Digital Tomosynthesis system that is cost-effective, and user-friendly; an AI-based suite of algorithms that augment the readings of routine CT imaging to highlight early signs often related to chronic disease, (Nanox.AI); a cloud-based infrastructure (Nanox.CLOUD); and a proprietary decentralized marketplace, through Nanox’s subsidiary, USARAD Holdings Inc., that provides remote access to radiology and cardiology experts; and a comprehensive teleradiology services platform (Nanox.MARKETPLACE).

Together, Nanox’s products and services create a worldwide, innovative, and comprehensive solution that connects medical imaging solutions, from scan to diagnosis. For more information, please visit www.nanox.vision.

¹ Pan American Health Organization and World Health Organization (“WHO”), 2012
² Hanna TN, Friedberg E, Dequesada IM, Chaves L, Pyatt R, Duszak R, Jr, Hughes DR. Disparities in the Use of Emergency Department Advanced Imaging in Medicare Beneficiaries. Am J Roentgenol. 2021; 216(2): 519–5215

Forward-Looking Statements

This press release may contain forward-looking statements that are subject to risks and uncertainties. All statements that are not historical facts contained in this press release are forward-looking statements. Such statements include, but are not limited to, any statements relating to the initiation, timing, progress and results of the Company’s research and development, manufacturing, and commercialization activities with respect to its X-ray source technology and the Nanox.ARC, the ability to realize the expected benefits of its recent acquisitions and the projected business prospects of the Company and the acquired companies. In some cases, you can identify forward-looking statements by terminology such as “can,” “might,” “believe,” “may,” “estimate,” “continue,” “anticipate,” “intend,” “should,” “plan,” “should,” “could,” “expect,” “predict,” “potential,” or the negative of these terms or other similar expressions. Forward-looking statements are based on information the Company has when those statements are made or management’s good faith belief as of that time with respect to future events and are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in or suggested by the forward-looking statements. Factors that could cause actual results to differ materially from those currently anticipated include: risks related to (i) Nanox’s ability to continue to develop of the Nanox imaging system; (ii) Nanox’s ability to successfully demonstrate the feasibility of its technology for commercial applications; (iii) Nanox’s expectations regarding the necessity of, timing of filing for, and receipt and maintenance of, regulatory clearances or approvals regarding its technology, the Nanox.ARC and Nanox.CLOUD from regulatory agencies worldwide and its ongoing compliance with applicable quality standards and regulatory requirements; (iv) Nanox’s ability to realize the anticipated benefits of acquisitions, which may be affected by, among other things, competition, brand recognition, the ability of the acquired companies to grow and manage growth profitably and retain their key employees; (v) Nanox’s ability to enter into and maintain commercially reasonable arrangements with third-party manufacturers and suppliers to manufacture the Nanox.ARC; (vi) the market acceptance of the Nanox imaging system and the proposed pay-per-scan business model; (vii) Nanox’s expectations regarding collaborations with third-parties and their potential benefits; and (viii) Nanox’s ability to conduct business globally; (ix) changes in global, political, economic, business, competitive, market and regulatory forces; and (x) risks related to business interruptions resulting from the COVID-19 pandemic or similar public health crises, among other things.

For a discussion of other risks and uncertainties, and other important factors, any of which could cause Nanox’s actual results to differ from those contained in the Forward-Looking Statements, see the section titled “Risk Factors” in Nanox’s Annual Report on Form 20-F for the year ended December 31, 2022, and subsequent filings with the U.S. Securities and Exchange Commission. The reader should not place undue reliance on any forward-looking statements included in this press release.

Except as required by law, Nanox undertakes no obligation to update publicly any forward-looking statements after the date of this press release to conform these statements to actual results or to changes in the Company’s expectations.

Contacts
Media Contact:
Rachael Roselli
ICR Westwicke
NanoxPR@icrinc.com

Investor Contact:
Mike Cavanaugh
ICR Westwicke
mike.cavanaugh@westwicke.com

Photos accompanying this announcement are available at

https://www.globenewswire.com/NewsRoom/AttachmentNg/56bc6b83-d074-4473-b392-c0dba39cfebd

https://www.globenewswire.com/NewsRoom/AttachmentNg/1c69c9ee-223e-4005-9fbb-aba4d8ae8c1b 

GlobeNewswire Distribution ID 8828980

ZEELAND, Mich., May 01, 2023 (GLOBE NEWSWIRE) — Gentex Corporation (NASDAQ: GNTX), a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies, today announced that it has closed an agreement with ADASKY as the lead investor in a Series B round of financing and has also established a commercial, engineering, and manufacturing collaboration agreement to help bring ADASKY’s proprietary technology to market.

The investment round of financing and the collaboration agreement with Gentex will help secure the transition of ADASKY from an early growth company to a global leader in automotive thermal sensing. ADASKY’s proprietary LWIR (Long Wave Infrared) sensors are becoming well-known in the industry for their market-leading performance based on their superior size-to-performance ratio, solid state technology, high reliability, and “shutterless” constant operation design. As advanced sensing systems create the path for passenger and pedestrian safety, thermal sensing will fill the existing gaps in that technology so that ADAS and vision-based systems can operate more reliably in low light and in all-weather situations.

“After several years of investigation, research, and dialogue with the ADASKY team, we became very convinced that now was the time for Gentex to help accelerate the technology’s growth and development curve as well as the commercialization of the ADASKY technology. Over the last few years, we have been investing heavily into our sensing capabilities and the ADASKY technology was a great fit to complement our existing suite of sensing products,” said Gentex President and CEO, Steve Downing. “However, the last piece of the analysis always comes down to ‘fit’ between organizations, especially when it comes to collaboration agreements, and I am personally very excited about the cultural similarities of our organizations and our ability to work together as a team,” concluded Downing.

ADASKY Thermal Imaging

“Gentex is exactly the right strategic partner for ADASKY to complement our existing shareholders. We have the same excellence-driven engineering and innovation focus that will help propel us to expand markets and applications. With Gentex’s global footprint and capability, we will be able to meet the demand we are seeing for our thermal camera,” said ADASKY CEO, Yakov Shaharabani. “We are thrilled to explore new opportunities with Gentex in the automotive market and in other industries and verticals. ADASKY and Gentex share the same spirit of addressing extreme challenges with determination and innovation,” concluded Shaharabani.

About ADASKY
ADASKY develops and manufactures intelligent, high-resolution thermal sensing systems (LWIR) for vehicle safety and perception applications and smart city roadway solutions. Thermal vision systems can see at night the same as during daylight and are not limited by blinding lights or harsh weather conditions, filling gaps in existing sensor suites. Visit ADASKY’s website at http://www.adasky.com.

About Gentex
Founded in 1974, Gentex Corporation (The NASDAQ Global Select Market: GNTX) is a leading supplier of digital vision, connected car, dimmable glass, and fire protection technologies. Visit the Company’s web site at www.gentex.com.

Contact Information:
Gentex Investor Contact Josh O’Berski (616)772-1590 x5814 josh.oberski@gentex.com		Gentex Media Contact Craig Piersma (616) 772-1590 x4316 craig.piersma@gentex.com
ADASKY Media Contact Raz Peleg +972-503314142 raz.peleg@adasky.com

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/094bc741-6a2a-409b-b46c-2e394ff8a6b4

https://www.globenewswire.com/NewsRoom/AttachmentNg/2dbb1a32-c641-4496-b73f-ac5c6fbc9be2

GlobeNewswire Distribution ID 8828725

Organizational health leader transforms wellbeing culture worldwide

RALEIGH, N.C., May 01, 2023 (GLOBE NEWSWIRE) — Workplace Options (WPO), the largest independent provider of holistic wellbeing solutions, released its global 2022 Impact Report to demonstrate WPO’s leadership in empowering organizations to build resilience and helping people improve their holistic health. As an industry innovator for more than 40 years, WPO strives to create a more resilient future for the world’s 8 billion people.

“Every day and everywhere, WPO operates under three key business principles: Reach, Relevance, and Results,” said Alan King, President, and CEO of Workplace Options. “In 2022, we extended our reach by opening three new service centers in Germany, Australia, and the Czech Republic. WPO’s global expansion and innovative wellbeing solutions allowed us to help 79 million people last year.”

Advancing the psychological safety of an organization became a top priority for business leaders worldwide. In 2022, WPO provided 116,000+ companies with unique services including data-driven tools to measure and monitor workplace stress and other metrics that affect an organization’s health, resilience, and culture.

“Employee burnout and presenteeism continue to be common and critical concerns for companies around the world. WPO recognizes such challenges and delivers customized solutions on a global scale,” said King. “Our localized services specialize in helping organizations, in more than 200 countries and territories, identify and eliminate toxic work environments and take action to ensure that employees feel safe being their authentic selves.”

In 2022, companies realized that employees’ performances are influenced by psychosocial factors within the organization, and leaders must implement a holistic wellbeing strategy in the workplace. To meet this demand, WPO created a consulting practice and utilized its global data to forecast psychosocial risks at work. This forward-focused mindset drove WPO in predicting disruptive environments and developing proactive solutions, such as the launch of the Subsidy Assist program, an emergency grant and reimbursement solution for employees facing financial anxiety.

The Impact Report also reveals how WPO’s human-centric approach to supporting a person’s holistic health is rare in the wellbeing industry. The organization applies the “power of a good conversation” when helping an individual get to the “heart” of an issue. When a person connects to WPO’s services, they immediately talk to a qualified, empathetic professional who speaks their local language and understands cultural nuances.

“With a relationship spanning over 20 years, Bacardi is proud to continue its partnership with WPO,” said Sandra Vanlooy-Taylor, Talent Search Team, Bacardi–Martini Ltd. “As a facilitator of change, we were blown away by their advice, guidance, and technical expertise – from their webpage design to their interactive app. WPO always looks to improve their services and find new, easier ways for our employees to connect with the services they need, be it emotional or practical support. We have gained some beautiful testimonials from our employees on the help they received through WPO. It is heartwarming to know that our employees are being taken care of when they connect with WPO.”

Human-Centered Solutions: When a Person Connects to WPO Services (2022 data)

• 100 percent of calls answered by a master’s-level (or equivalent) clinician, instead of a customer service representative.
• 100 percent of clinicians utilized exploratory conversation to fully understand the participant’s needs.
• Clinician conversations lasted ~24 minutes compared to the industry average of <10 minutes.
• 74 percent of participants attended their scheduled appointments, compared to the industry average of 50 percent.

Resources

WPO 2022 Impact Report:
MAKING A TRANSFORMATIVE DIFFERENCE IN ORGANIZATIONAL RESILIENCE

About Workplace Options (WPO)

Founded in 1982, Workplace Options (WPO) is the largest independent provider of holistic wellbeing solutions. Through customized programs, and a comprehensive global network of credentialed providers and professionals, WPO supports individuals to become healthier, happier, and more productive both personally and professionally. Trusted by 51 percent of Fortune 500 companies, WPO delivers high-quality care digitally and in-person to more than 79 million people across 116,000 organizations in more than 200 countries and territories.

Contact:

Jennifer Dart, Senior Manager, Corporate Communications

Jennifer.Dart@workplaceoptions.com

GlobeNewswire Distribution ID 8827525

Launched at COP27 in Egypt in November 2022, the Global Offshore Wind Alliance (GOWA) brings together governments, the private sector, and international organizations to accelerate the deployment of offshore wind power.

COPENHAGEN, Denmark, May 01, 2023 (GLOBE NEWSWIRE) — Copenhagen Infrastructure Partners (CIP) is joining the Global Offshore Wind Alliance, an international coalition founded by the Government of Denmark, the International Renewable Energy Agency (IRENA) and the Global Wind Energy Council (GWEC) to help countries transform their economies using offshore wind power.

GOWA’s objective is to be a global driving force for an ambitious uptake of offshore wind and contribute to achieving a total offshore wind capacity of a minimum of 380 GW by 2030, and an installed capacity increase of at least 70 GW per year from 2030.

Torsten Lodberg Smed, Senior Partner in Copenhagen Infrastructure Partners said: “Offshore wind is a reliable source of clean, green, and affordable renewable energy – and it has a vital role to play in the ongoing global transition to green energy. Across most economies and markets, governments and private sectors are already discussing how to deliver the enormous potential of offshore wind made possible by rapid technological progress. We believe that we have the expertise required to make a positive contribution to this conversation and are proud to join GOWA and share our knowledge and experiences. We look forward to working alongside the members of the alliance to remove barriers to the deployment of offshore wind in new and existing markets.”

In joining GOWA, CIP pledged to work with the alliance’s membership to ramp up offshore wind deployment worldwide. Governments that have so far joined the alliance include Australia, Belgium, Colombia, Denmark, Germany, Ireland, Japan, the Netherlands, Norway, the UK, and the USA.

About Copenhagen Infrastructure Partners
Founded in 2012, Copenhagen Infrastructure Partners P/S (CIP) today is the world’s largest dedicated fund manager within greenfield renewable energy investments and a global leader in offshore wind. The funds managed by CIP focuses on investments in offshore and onshore wind, solar PV, biomass and energy-from-waste, transmission and distribution, reserve capacity, storage, advanced bioenergy, and Power-to-X.

CIP manages ten funds and has to date raised approximately EUR 19 billion for investments in energy and associated infrastructure from more than 140 international institutional investors. CIP has approximately 400 employees and 11 offices around the world. For more information, visit www.cip.com

For further information, please contact:

E-mail: media@cip.dk

Simon Mehl Augustesen, Chief Communication Officer
Phone: +45 3052 6721
Email: siau@cip.dk

Thomas Kønig, Partner – Investor Relations
Phone: +45 7070 5151
Email: tkon@cip.dk

GlobeNewswire Distribution ID 1000807396