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Co-Diagnostics, Inc. CEO Inaugurates Manufacturing Joint Venture Facility

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Co-Diagnostics, Inc. (Nasdaq: CODX), a molecular diagnostics company with a unique, patented platform for the development of molecular diagnostic tests, announced today the inauguration of its Indian joint venture facility for manufacturing in Ranoli, India.

The manufacturing facility for CoSara Diagnostics Pvt Ltd (CoSara) is one of the first facilities for manufacturing molecular diagnostics in India and is intended to meet both current and future requirements for medical device manufacturing, which are expected to be implemented by the Indian government over the next few years. The facility was also designed to be in compliance with ISO 13485:2016, cGMP (Current Good Manufacturing Practices) regulations, and audits for WHO qualification and CE-marking of diagnostics products.

Mr. Dwight Egan, CEO of Co-Diagnostics Inc., and Mr. Mohal Sarabhai, CEO of Synbiotics Pvt Ltd, inaugurated the facility on April 8, 2019. The inauguration was attended by officers and department heads of CoSara, Co-Diagnostics, and Synbiotics, as well as suppliers, distributors, and other invited guests. Company personnel also conducted additional trainings, and attended press conferences and other receptions to help introduce CoSara to the Indian market.

We are honored to be a part of such an auspicious occasion with such prestigious partners in this endeavor, and proud of the hard work of all involved that has brought us to this point, remarked Mr. Egan. We believe that the new facility, its high standards of quality, and room for future expansion will accelerate our infectious disease initiative as it addresses the need for diagnostic solutions in one of the largest health care markets in the world.

Mr. Sarabhai commented, CoSara brings cutting-edge molecular technology to India through this joint venture. The opening of this facility is truly well-timed and sets in well with the ˜make in India initiative, as well as the almost imperative transition to NAAT-based screening for blood banks and management of diseases. This will be a breakthrough for highly accurate diagnostics which lead to early detection and conclude with well-timed treatment responses.

CoSara has the exclusive manufacturing rights in India for the complete menu of Co-Diagnostics infectious disease molecular diagnostics kits, designed by Co-Diagnostics using their patented CoPrimer„¢ technology platform. The initial market launch includes in vitro diagnostic kits for the detection of mycobacterium tuberculosis (TB), drug-resistant tuberculosis, malaria, hepatitis B, hepatitis C, human papillomavirus, and HIV. Future tests include expansion into the oncology and hemorrhagic fever markets and several other hospital-acquired infectious organisms.

About Co-Diagnostics, Inc.:

Co-Diagnostics, Inc., a Utah corporation, is a molecular diagnostics company that develops, manufactures and markets a new, state-of-the-art diagnostics technology. The Companys technology is utilized for tests that are designed using the detection and/or analysis of nucleic acid molecules (DNA or RNA). The Company also uses its proprietary technology to design specific tests to locate genetic markers for use in industries other than infectious disease and license the use of those tests to specific customers.

Forward-Looking Statements:

This press release contains forward-looking statements. Forward-looking statements can be identified by words such as “believes,” “expects,” “estimates,” “intends,” “may,” “plans,” “will” and similar expressions, or the negative of these words. Such forward-looking statements are based on facts and conditions as they exist at the time such statements are made and predictions as to future facts and conditions. Forward-looking statements in this release include statements regarding the (i) use of funding proceeds, (ii) expansion of product distribution, (iii) acceleration of initiatives in liquid biopsy and SNP detection, (iv) use of the Companys liquid biopsy tests by laboratories, (v) capital resources and runway needed to advance the Companys products and markets, (vi) increased sales in the near-term, (vii) flexibility in managing the Companys balance sheet, (viii) anticipation of business expansion, and (ix) benefits in research and worldwide accessibility of the CoPrimer technology and its cost-saving and scientific advantages. Forward-looking statements are subject to inherent uncertainties, risks and changes in circumstances. Actual results may differ materially from those contemplated or anticipated by such forward-looking statements. Readers of this press release are cautioned not to place undue reliance on any forward-looking statements. The Company does not undertake any obligation to update any forward-looking statement relating to matters discussed in this press release, except as may be required by applicable securities laws.

Andrew Benson
Head of Investor Relations
+1 801-438-1036
[email protected]

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ACDX Launches World's First Crypto Structured Product – Combining the Fascination of Perpetual Futures & Options

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Uncapped profit potential with capped risk – Bull Bear Strike Token (BBS)

MAHE, Seychelles, Jan. 25, 2021 /PRNewswire/ — ACDX is launching Bull Bear Strike Token (BBS) that brings the magic of uncapped profit potential with capped risk in the week of 25 January 2021. It is a leveraged derivatives product that combines the fascination of perpetual futures and options in which it can be traded as easy as perpetual futures with the capped risk like options. The wonder of BBS also lies in the fact that it simultaneously casts off the detrimental impacts of both perp futures and options.

“The current specifications of most derivatives products are too complicated. At ACDX, we want to simplify the whole process to make crypto investment user-friendly for both beginner and sophisticated traders. Busy traders nowadays yearn for an all-rounded yet simple product. That's how the idea of BBS arises. Moreover, as traders' appetite for cryptocurrencies continues to escalate, ACDX believes the demand for structured crypto products will follow suit,” said Andy Cheung, Founder of ACDX.

Derivative Product with the Lowest Cost

If a trader has a principal of 1 BTC and opens a 20x perpetual futures long position of 20 BTCs priced at $30,000 for 3 months, he will have to pay a whopping fee of up to $25,800, which is 86% of his principal, according to the data from different crypto exchanges.

Unlike perpetual futures, BBS has no funding fees and ACDX offers fee-free trading.

With the same amount of asset, the wealth can be planned in a more cost-effective way.

Hassle-Free Management

With a leverage level up to 100x, BBS does not require traders to constantly top up their accounts to maintain the collateral level. Traders can also control their leverage and risk level by selecting different knock-out level. If traders exit their trade without being knocked-out, they will receive the full amount back – plus or minus any profit or loss.

About ACDX

Led by the former OKEx executive Andy Cheung, ACDX is an advanced crypto derivatives exchange that strives to architect innovations into the crypto market. Designed by professional traders, ACDX aims to empower traders to express specific market views by innovative, transparent, and trader-centric products. Within a few months, the new crypto exchange has already launched new unique derivative markets like Futures Spread and TECH100 Futures.

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Azelio and Svea Solar sign MoU for joint projects using energy storage coupled to solar PV

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STOCKHOLM, Jan. 25, 2021 /PRNewswire/ — Azelio and Svea Solar have signed a MoU to develop projects using Azelio's long-duration energy storage, TES.POD®, coupled to PV systems. The collaboration will span over at least 3 projects in 2021, 5 projects in 2022, and 10 projects in 2023. A total of 8 MW of installed power and more than 100 MWh in equivalent storage capacity.

Svea Solar is Sweden's largest solar PV installer. In support of expanding its business offerings into the energy storage segment in Sweden in particular and Europe in general, a collaboration is initiated with Azelio, as a developer of long-duration energy storage.

Azelio's storage solution, TES.POD®, stores renewable energy in recycled aluminum. The energy can be dispatched on demand as electricity and heat during the dark hours and at times during the day when direct production is not sufficient.

“I am proud to initiate this collaboration and glad that Svea Solar wants to address the energy storage segment together with Azelio. Our solutions complement each other perfectly, extending the use of renewable energy for all hours of the day”, says Jonas Eklind, CEO of Azelio.  

Svea Solar is leading the power shift towards renewable solar energy in the Nordics. Together with Azelio we will proudly offer a superior long-duration storage solution. This is yet another great step towards sustainable living through innovation for customers across Europe, says Erik Martinson CEO of SVEA Solar”.

For further information, please contact

Jonas Eklind – CEO Azelio  Ralf Wiesenberg – VP Business Development
Email: [email protected]   Email: [email protected] 
Tel: +46 709 40 35 80  Tel: +34 699 30 86 36

Fredric Anderberg – CCO Svea Solar  
Email: [email protected]  
Tel: +46 7 255 66 53

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/azelio/r/azelio-and-svea-solar-sign-mou-for-joint-projects-using-energy-storage-coupled-to-solar-pv,c3273066

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Lleida.net sales increased by 20% in 2020

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MADRID, Jan. 25, 2021 /PRNewswire/ — Technology services company Lleida.net (BME: LLN) (EPA: ALLLN) (OTCQX: LLEIF) reported 2020 sales of €16.42 million or 20 per cent more than in 2019.

This notable advance in the company's turnover resulted from the boom in its Software as a Service (SaaS) line, which registered an increase of €2.11 million, or 59 per cent, to €5.69 million.

“2020 represented a before and after for the Digital Signature industry and also for Lleida.net. Despite the catastrophic situation caused by COVID-19, the company's performance was the best in its history,” explained Sisco Sapena, CEO and founder of the company.

“For 2021, our strategy is to continue to focus on our three pillars: internationalisation, innovation and intellectual property,” he added.

This growth was also due to the expansion of its international sales, with significant growth in Colombia or South Africa. 

Furthermore, this year, the signing of global agreements, such as those with Emirates Post, and national contracts, such as those with Santander Merchant Services and Indra, were particularly significant. 

In the last quarter of the year alone, sales of the SaaS line grew by 107 per cent compared to the same period of the previous year, to 1.97 million euros.

2020 was a year characterised by the changing and accelerating digital behavioural habits of businesses and users. The company posted EBITDA of EUR 2.57 million, up 17 per cent from EUR 2.19 million in the previous year.

Its annual gross margin was 8.015 million euros, almost one million euros more than last year.

Net financial debt continued to decrease.

During the period, the company's workforce grew by 15 per cent to 100. The latest additions have been aimed at boosting international sales, creating a specific European sales department and reinforcing the teams that operate and service, and sell, in Latin America, Africa and the Middle East.

In 2020, the company was one of the companies whose stock market value grew the most, with a value increase of up to 940%.

During the year, in the stock markets, the firm moved 180 million euros in cash, or 32 million shares, 89 times more than in 2019.

Lleida.net is Europe's leading company in the field of certified electronic notification and contracting.

It holds almost 200 patents within the Digital Signature industry, granted by more than 50 countries on five continents. Its intellectual property portfolio is one of the largest in the sector worldwide.

Today, more than 75 countries recognise the legal validity of its electronic methods as a means of certifying legal notices in procurement processes.

The company is listed on the OTCQX index in New York, Euronext Growth in Paris and BME Growth in Madrid.

The company, which has a market capitalisation of more than 100 million euros, has increased in value by more than nine per cent since the start of 2021.

Contact :
The Paloma Project
Media, [email protected]  
+356 7946 7486
https://Lleida.net

 

Cision View original content:http://www.prnewswire.com/news-releases/lleidanet-sales-increased-by-20-in-2020-301213782.html

SOURCE Lleida.net

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