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Elliptic Labs Announces Second Proof-of-Concept Agreement With a Large Asian Laptop/PC Manufacturer

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Elliptic Labs announced today it has signed a proof-of-concept contract with a large Asian laptop/PC OEM, the second such contract achieved by Elliptic Labs this month. The agreement focuses on implementing Elliptic Labs AI Virtual Security Sensor and its AI Virtual Gesture Sensor on laptops. This project features close collaboration between Elliptic Labs, the laptop OEM, and the worlds largest semiconductor chip manufacturers.

The AI Virtual Security Sensor and AI Virtual Gesture Sensor are highly-optimized, software-only sensors that utilize Elliptic Labs Virtual Smart Sensor Hub„¢ to increase laptops intelligence, making them contextually aware. Virtual sensors use ultrasound (transmitted through a devices built-in speaker and microphone) to sense a user and their surroundings. This information is interpreted using AI by Elliptic Labs Virtual Smart Sensor Hub„¢, translating data from ultrasound waves into different user experiences.

Our virtual sensors are receiving an exciting amount of attention from the largest PC and semiconductor manufacturers in the laptop arena, said Laila Danielsen, Elliptic Labs CEO. Customers see great value in our software-only solutions, enabling innovative, critical features to be deployed broadly across multiple laptop models.

Elliptic Labs has crafted their virtual smart sensors to enable cost-efficient user functionality and sleeker device designs. Its AI Virtual Security Sensor expands laptops security, automatically locking and awakening the screen based on users presence. Its AI Virtual Gesture Sensor brings innovative interaction through touchless 3D gestures, offering greater convenience and improved user experience. Its ever-popular INNER BEAUTY AI Virtual Proximity Sensor revolutionized smartphone design, allowing OEMs to introduce full-screen, bezel-less phones. Finally, its pioneering AI Virtual Presence Sensor delivers wellness detection to devices, enabling the detection of a persons heartbeat and breathing rates.

About Us

Elliptic Labs AI software makes sensors and technology more intelligent through its Virtual Smart Sensor Hub for IoT, smartphone, laptop and automotive markets. With 100M+ Elliptic Labs-powered devices, the Virtual Smart Sensor Hub delivers wellness monitoring, contextual awareness, touch-free interaction, increased sustainability by reducing energy consumption, scalable to support billions of devices. The Virtual Smart Sensor Hub uses machine learning and/or sensor fusion, combining ultrasound with data aggregated from all on-device sensors. Headquartered in Norway, with operations in the United States, China, South Korea and Japan, its employees throughout the world are motivated by common core values of diligence, innovation and integrity. Visit: www.ellipticlabs.com.

Patrick Tsui

[email protected]

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OTC Markets Group Welcomes NOVONIX LIMITED to OTCQX

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NEW YORK, Sept. 28, 2020 /PRNewswire/ — OTC Markets Group Inc. (OTCQX: OTCM), operator of financial markets for 11,000 U.S. and global securities, today announced NOVONIX LIMITED (ASX: NVX; OTCQX: NVNXF), an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 15 countries, has qualified to trade on the OTCQX® Best Market. NOVONIX LIMITED upgraded to OTCQX from the Pink® market.

NOVONIX LIMITED began trading on OTCQX under the symbol "NVNXF" on September 25, 2020. U.S. investors can find current financial disclosure and Real-Time Level 2 quotes for the company on www.otcmarkets.com.

Upgrading to the OTCQX Market is an important step for companies seeking to provide transparent trading for their U.S. investors.  For companies listed on a qualified international exchange, streamlined market standards enable them to utilize their home market reporting to make their information available in the U.S. To qualify for OTCQX, companies must meet high financial standards, follow best practice corporate governance and demonstrate compliance with applicable securities laws.

"Congratulations to NOVONIX LIMITED on qualifying for the OTCQX Best Market," said Jason Paltrowitz, EVP of Corporate Services at OTC Markets Group. "We are pleased to support innovative and entrepreneurial international companies seeking to build visibility and tradability in the U.S. public markets. Trading on the ASX in Australia and on the OTCQX Market in the U.S. will enable NOVONIX LIMITED to continue to strengthen engagement with a global investor base."

NOVONIX Chairman, Mr Tony Bellas stated: "We are very excited to increase our presence and accessibility in North America by joining OTCQX Best Market at this important time, as our anode manufacturing ramps-up in the USA and our battery technology development activities expand in Canada.  OTCQX is a logical step in response to the increasing interest we have been receiving from North American and other international investors over this past year."

MCAP LLC acted as the company’s OTCQX sponsor.

About NOVONIX LIMITED
NOVONIX LIMITED (ASX:NVX, OTCQX: NVNXF) is an integrated developer and supplier of high-performance materials, equipment and services for the global lithium-ion battery industry with operations in the USA and Canada and sales in more than 15 countries.  NOVONIX’s mission is to advance battery technology and materials to accelerate global deployment for a cleaner energy future.

About OTC Markets Group Inc.
OTC Markets Group Inc. (OTCQX: OTCM) operates the OTCQX® Best Market, the OTCQB® Venture Market and the Pink® Open Market for 11,000 U.S. and global securities.  Through OTC Link® ATS and OTC Link ECN, we connect a diverse network of broker-dealers that provide liquidity and execution services.  We enable investors to easily trade through the broker of their choice and empower companies to improve the quality of information available for investors.

To learn more about how we create better informed and more efficient markets, visit www.otcmarkets.com.

OTC Link ATS and OTC Link ECN are SEC regulated ATSs, operated by OTC Link LLC, member FINRA/SIPC.

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Media Contact:
OTC Markets Group Inc., +1 (212) 896-4428, [email protected] 

Logo – https://mma.prnasia.com/media2/1063620/OTC_QX_Newly_Trading_Logo.jpg?p=medium600

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InventisBio Announces $147 Million Series D Financing Led by Hillhouse Affiliate GL Ventures

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SHANGHAI, Sept. 28, 2020 /PRNewswire/ — InventisBio, a clinical stage biotech company dedicated to the research and development of innovative small molecule drugs, announced the recent completion of a $147 million series D financing which has attracted participation of many top biopharmaceutical and healthcare venture capital funds. This round of investment was led by Hillhouse affiliate GL Ventures, followed by Qiming Venture Partners, Janchor, AIHC Capital, Matrix Partner China, Dyee Capital, E Fund Capital and other investors. The existing shareholders including Lilly Asia Venture, OrbiMed Asia, Pudong Innotek, AdvanTech Capital, and CMB International continued their support. China Renaissance was the exclusive financial advisor of this transaction.

Currently InventisBio has three drug products in the mid- to late-stage clinical development, and one new product just entered global phase I clinical study. Among them, D-0502 is an oral selective estrogen receptor degrader (SERD), which also acts as an estrogen receptor antagonist, with therapeutic potential for the treatment of hormone receptor positive breast cancer. Compared with other oral SERDs under clinical development worldwide, D-0502 has shown promising anti-tumor activity during phase 1 study with excellent bioavailability and tolerable safety profile. In addition, the company has independently developed a third-generation EGFR-T790M tyrosine kinase inhibitor BPI-D0316 and out-licensed China right to Betta Pharma. This product is currently in registration trials of first- and second-line treatment of EGFR-mutated non-small cell lung cancer patients and the trials are progressing smoothly.

Dr. Yaolin Wang, Chairman and CEO of InventisBio, said: "InventisBio is committed to developing first- and best-in-class innovative drugs for cancer and other major diseases. We are grateful and honored to have Hillhouse’s GL Ventures led this series D round and thankful to other top investment funds, as well as the continued support from the existing investors. This investment demonstrated the recognition of our strong pipeline and fully integrated innovative R&D platform by top healthcare investors. It also shows our strategic investors’ confidence in the future success of our company as a key player in the global pharmaceutical market."

Funds raised in this round will be mainly used to support the company’s current products into phase II clinical studies in China and the United States, including D-0502 trials in hormone receptor positive breast cancer and D-0120 trials in gout. This round will also support the company’s global clinical development of other new drugs, enable further expansion of the company’s product pipeline and team.

Michael Yi, co-chief investment officer of Hillhouse Capital and head of biomedicine and medical devices of Hillhouse’s GL Ventures, said: "As a small molecule innovative drug research and development company, InventisBio has an in-depth knowledge of small molecules’ structure activity relationship and integrated understanding and experience in the efficient and successful development of novel molecules. The founding members have more than 20 years of experience in drug discovery and development, thorough understanding of drug’s mechanism of action and selection of lead candidate for development. Since its establishment, InventisBio has balanced innovation and druggability, and has effectively developed multiple assets for diseases with unmet clinical needs. With four drug candidates in various clinical stages and two clinical registration trials ongoing, InventisBio has established its pipeline in two major therapeutic areas of oncology and metabolic diseases. In addition, the company has maintained a leading position in the drug development of similar products in China. We look forward to developing deep collaboration with InventisBio, advancing its drug discovery and clinical development to bring innovative drugs to the market faster to benefit more patients."

About InventisBio

InventisBio is a fast-growing innovative biotech company, co-founded by Dr. Yaolin Wang and other senior scientists. The company’s top management team members have an average of more than 20 years of experience in innovative drug discovery and development, and team management in multinational pharmaceutical companies such as Schering-Plough and Merck, and have contributed to the successful development of blockbuster drugs such as Keytruda and Temodar. The company focuses on the research and development of "best-in-class" and "first-in-class" innovative drugs to address unmet medical needs and to maximize clinical benefits for patients. Under the leadership of senior management team, the company has established a rich pipeline of competitive and proprietary small molecule drugs for the treatment of cancer and metabolic diseases.
http://www.inventisbio.com

About Hillhouse Affiliate GL Ventures

GL Ventures focuses on early-stage innovative companies in healthcare, software services, consumer Internet, emerging consumer brands and services. The GL Ventures team is passionate about partnering with visionary entrepreneurs to create industry leaders that stand the test of time. GL Ventures is the early stage affiliate of Hillhouse Capital, and we have been investing with innovators across the world since 2005. We were one of the earliest investors into some of the largest global companies today, including BeiGene, Zoom, Meituan, JD, Woowa Brothers and many more.

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WRTC INVESTIGATION ALERT: Bernstein Liebhard is Investigating Wrap Technologies Limited For Violations of the Securities Laws

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Bernstein Liebhard, a nationally acclaimed investor rights law firm, is investigating potential securities fraud claims on behalf of shareholders of Wrap Technologies, Inc. (“Wrap” or the “Company”) (NASDAQ:WRTC) resulting from allegations that Wrap might have issued misleading information to the investing public.

If you purchased Wrap securities, and/or would like to discuss your legal rights and options please visit Wrap Shareholder Investigation or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

On September 23, 2020, White Diamond Research published a report entitled Wrap Technologies: Disastrous LAPD BolaWrap Pilot Program Results, No Evidence These Have Been Communicated To Investors alleging, among other things, that the Companys trial pilot program with the LAPD was a disaster, and that the Company had not disclosed the results to investors.

On this news, securities of Wrap fell $2.07 per share, or 25.43% to close at $6.07 per share on September 23, 2020.

If you purchased Wrap securities, and/or would like to discuss your legal rights and options please visit https://www.bernlieb.com/cases/wraptechnologiesinc-wrtc-shareholder-class-action-lawsuit-stock-fraud-314/apply/ or contact Matthew E. Guarnero toll free at (877) 779-1414 or [email protected].

Since 1993, Bernstein Liebhard LLP has recovered over $3.5 billion for its clients. In addition to representing individual investors, the Firm has been retained by some of the largest public and private pension funds in the country to monitor their assets and pursue litigation on their behalf. As a result of its success litigating hundreds of lawsuits and class actions, the Firm has been named to The National Law Journals Plaintiffs Hot List thirteen times and listed in The Legal 500 for ten consecutive years.

ATTORNEY ADVERTISING. 2020 Bernstein Liebhard LLP. The law firm responsible for this advertisement is Bernstein Liebhard LLP, 10 East 40th Street, New York, New York 10016, (212) 779-1414. The lawyer responsible for this advertisement in the State of Connecticut is Michael S. Bigin. Prior results do not guarantee or predict a similar outcome with respect to any future matter.

Matthew E. Guarnero

Bernstein Liebhard LLP

https://www.bernlieb.com

(877) 779-1414

[email protected]

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