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SHAREHOLDER ALERT: Pomerantz Law Firm Reminds Shareholders with Losses on their Investment in Nano-X Imaging Ltd. of Class Action Lawsuit and Upcoming Deadline – NNOX

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NEW YORK, Sept. 26, 2020 — Pomerantz LLP announces that a class action lawsuit has been filed against Nano-X Imaging Ltd.  (“Nano-X” or the “Company”) (NASDAQ: NNOX) and certain of its officers.   The class action, filed in United States District Court for the Eastern District of New York, and docketed under 20-cv-04528, is on behalf of a class consisting of all persons other than Defendants who purchased or otherwise, acquired Nano-X securities between August 21, 2020 and September 15, 2020, both dates inclusive (the “Class Period”). Plaintiff seeks to recover compensable damages caused by Defendants’ violations of the federal securities laws under the Securities Exchange Act of 1934 (the “Exchange Act”).

If you are a shareholder who purchased Nano-X securities during the class period, you have until November 16, 2020, to ask the Court to appoint you as Lead Plaintiff for the class.  A copy of the Complaint can be obtained at www.pomerantzlaw.com.   To discuss this action, contact Robert S. Willoughby at [email protected] or 888.476.6529 (or 888.4-POMLAW), toll-free, Ext. 7980. Those who inquire by e-mail are encouraged to include their mailing address, telephone number, and the number of shares purchased. 

[Click here for information about joining the class action]

Nano-X purportedly develops and produces x-ray source technology for the medical imaging industry.

The complaint alleges that throughout the Class Period, Defendants made materially false and misleading statements regarding the Company’s business, operational, and compliance policies.  Specifically, Defendants made false and/or misleading statements and/or failed to disclose that: (i) Nano-X’s commercial agreements and its customers were fabricated; (ii) Nano-X’s statements regarding its “novel” Nanox System were misleading as the Company never provided data comparing its images with images from competitors’ machines; (iii) Nano-X’s submission to the U.S. Food and Drug Administration (“FDA”) admitted the Nanox System was not original; and (iv) as a result, Defendants’ public statements were materially false and/or misleading at all relevant times.

On September 15, 2020, Citron Research published a report titled “Nano-X Imaging (NNOX) A Complete Farce on the Market – Theranos 2.0” (the “Citron Report”). With respect to Nano-X, the Citron Report stated that “this $3 billion company is nothing more than a science project with a simple rendering, minimal R&D, fake customers, no FDA approval, and fraudulent claims that are beyond the realm of possibility.”

The Citron Report revealed that the Company’s claims about its customers with commercial agreements were false.

The Citron Report also discussed how Nano-X has not published any data comparing images from its machines with other x-ray machines and that Nano-X’s statements that it was creating a novel solution to medical imaging were false.

The Citron Report noted and explained that the Company’s 510(k) application to the FDA for the Nanox System was an admission that the Company did not have a novel product, stating, in part: “By submitting a 510(K), you are saying you have nothing new and are seeking easy approval as you are just another product that has already been tested.

On this news, Nano-X’s ordinary share price fell $12.41 per share, or more than 25%, over the next two trading days to close at $36.80 per share on September 16, 2020, damaging investors.

The Pomerantz Firm, with offices in New York, Chicago, Los Angeles, and Paris is acknowledged as one of the premier firms in the areas of corporate, securities, and antitrust class litigation. Founded by the late Abraham L. Pomerantz, known as the dean of the class action bar, the Pomerantz Firm pioneered the field of securities class actions. Today, more than 80 years later, the Pomerantz Firm continues in the tradition he established, fighting for the rights of the victims of securities fraud, breaches of fiduciary duty, and corporate misconduct. The Firm has recovered numerous multimillion-dollar damages awards on behalf of class members. See www.pomerantzlaw.com.

CONTACT: Robert S. Willoughby Pomerantz LLP [email protected] 888-476-6529 ext. 7980

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Architectural Rendering Software Market Demand to Increase in Emerging Markets During 2020-2024 | Technavio

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The global architectural rendering software market size is poised to grow by USD 787.72 million during 2020-2024, progressing at a CAGR of almost 24% throughout the forecast period, according to the latest report by Technavio. The report offers an up-to-date analysis regarding the current market scenario, latest trends and drivers, and the overall market environment. The report also provides the market impact and new opportunities created due to the COVID-19 pandemic. Download a Free Sample of REPORT with COVID-19 Crisis and Recovery Analysis.

The market is witnessing an increase in the demand for architectural rendering software from emerging markets such as India, China, Indonesia, and the Philippines. This can be attributed to the growing focus on the construction of innovative building structures, which has created the need for highly realistic 3D architectural rendering software. In addition, the growth in the urban population in these countries has attracted significant investments in residential and commercial building projects. This has further fueled the growth of the global architectural rendering software market.

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Report Highlights:

  • The major architectural rendering software market growth came from the non-residential end-user segment in 2019. This is due to the expansion of the construction sector, especially in the non-residential sector in developing countries.
  • North America was the largest market for architectural rendering software in 2019, and the region will offer several growth opportunities to market vendors during the forecast period. This is attributed to the increase in the number of repair and construction activities of old buildings and infrastructure in the US and Canada. In addition factors such as rising investments in smart city projects, expanding retail sector, and the increasing disposable incomes of households are contributing to the growth of the architectural rendering software market in North America.
  • The global architectural rendering software market is fragmented. Act-3D BV, Autodesk Inc., Chaos Software Ltd., Daz Productions Inc., Enscape GmbH, Luxion Inc., Nemetschek SE, NEXT LIMIT SL, OTOY Inc., and Roper Technologies Inc. are some of the major market participants. To help clients improve their market position, this architectural rendering software market forecast report provides a detailed analysis of the market leaders.
  • As the business impact of COVID-19 spreads, the global architectural rendering software market 2020-2024 is expected to have a positive impact. As the pandemic spreads in some regions and plateaus in other regions, we continue to revaluate the impact on businesses and update our report forecasts.

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Rising need to improve the quality of construction will be a Key Market Trend

The growing competition in the construction industry has led many architecture and design firms to adopt various strategies to stay competitive in the market. Besides, evolving demands from buyers is compelling architecture firms to come up with innovative and unique ideas, renderings, and models. In addition, the need to eliminate the chances of defects during the design phase has necessitated the use of efficient architectural rendering software. Architectural rendering software allows engineers and architects to assess the quality of building elements during the design phase and take preventive actions, thus reducing the number of repair works during the construction phase. Therefore, the rising need to improve the quality of construction is expected to have a positive impact on the growth of the global architectural rendering software market during the forecast period.

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Architectural Rendering Software Market 2020-2024: Key Highlights

  • CAGR of the market during the forecast period 2020-2024
  • Detailed information on factors that will assist architectural rendering software market growth during the next five years
  • Estimation of the architectural rendering software market size and its contribution to the parent market
  • Predictions on upcoming trends and changes in consumer behavior
  • The growth of the architectural rendering software market
  • Analysis of the markets competitive landscape and detailed information on vendors
  • Comprehensive details of factors that will challenge the growth of architectural rendering software market vendors

Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.

View market snapshot before purchasing

Executive Summary

Market Landscape

  • Market ecosystem
  • Value chain analysis

Market Sizing

  • Market definition
  • Market segment analysis
  • Market size 2019
  • Market outlook: Forecast for 2019 – 2024

Five Forces Analysis

  • Bargaining power of buyers
  • Bargaining power of suppliers
  • Threat of new entrants
  • Threat of substitutes
  • Threat of rivalry
  • Market condition

Market Segmentation by End-user

  • Market segments
  • Comparison by End-user
  • Non-residential – Market size and forecast 2019-2024
  • Residential – Market size and forecast 2019-2024
  • Others – Market size and forecast 2019-2024
  • Market opportunity by End-user

Customer landscape

  • Customer landscape

Geographic Landscape

  • Geographic segmentation
  • Geographic comparison
  • North America – Market size and forecast 2019-2024
  • Europe – Market size and forecast 2019-2024
  • APAC – Market size and forecast 2019-2024
  • MEA – Market size and forecast 2019-2024
  • South America – Market size and forecast 2019-2024
  • Key leading countries
  • Market opportunity by geography
  • Market drivers “ Demand led growth
  • Market challenges
  • Market trends

Vendor Landscape

  • Vendor landscape
  • Landscape disruption
  • Competitive landscape

Vendor Analysis

  • Vendors covered
  • Market positioning of vendors
  • Act-3D BV
  • Autodesk Inc.
  • Chaos Software Ltd.
  • Daz Productions Inc.
  • Enscape GmbH
  • Luxion Inc.
  • Nemetschek SE
  • NEXT LIMIT SL
  • OTOY Inc.
  • Roper Technologies Inc.

Appendix

  • Scope of the report
  • Currency conversion rates for US$
  • Research methodology
  • List of abbreviations

About Us

Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

Email: [email protected]

Website: www.technavio.com/

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Duddell Street Acquisition Corp. Announces Pricing of $175 Million Initial Public Offering

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Duddell Street Acquisition Corp. (the Company) today announced the pricing of its initial public offering of 17,500,000 units at a price of $10.00 per unit. The units are expected to be listed for trading on the Nasdaq Capital Market under the ticker symbol DSACU beginning October 29, 2020. Each unit consists of one of the Companys Class A ordinary shares and one-half of one redeemable warrant. Each whole warrant entitles the holder thereof to purchase one Class A ordinary share at a price of $11.50 per share. Once the securities comprising the units begin separate trading, the Company expects that its Class A ordinary shares and warrants will be listed on the Nasdaq Capital Market under the symbols ˜˜DSAC and ˜˜DSACW, respectively.

The Company was formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses. Although the Companys efforts to identify a prospective business combination opportunity will not be limited to a particular industry, it intends to focus on global companies in telecom, media and technology, healthcare, fintech and consumer sectors with compelling Asian growth potential.

BofA Securities, Inc. and BTIG, LLC are acting as joint book-running managers. The Company has granted the underwriters a 45-day option to purchase up to 2,625,000 additional units at the initial public offering price to cover over-allotments, if any.

The public offering is being made only by means of a prospectus. When available, copies of the prospectus relating to the offering may be obtained from BofA Securities, Inc., NC1-004-03-43, 200 North College Street, 3rd floor, Charlotte NC 28255-0001, Attn: Prospectus Department, by e-mail at [email protected] or by telephone at 1-(800)-294-1322 and BTIG, LLC, 65 East 55th Street, New York, NY, 10022 or by e‘mail at [email protected].

A registration statement relating to the securities became effective on October 1, 2020. This press release shall not constitute an offer to sell or the solicitation of an offer to buy securities, nor shall there be any sale of these securities in any state or jurisdiction in which such offer, solicitation, or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction. The offering is expected to close on November 2, 2020, subject to customary closing conditions.

Forward-Looking Statements

This press release contains statements that constitute forward-looking statements, including with respect to the proposed initial public offering and the Companys plans with respect to the target industry for a potential business combination. No assurance can be given that the offering discussed above will be completed on the terms described, or at all, or that the Company will ultimately complete a business combination transaction. Forward-looking statements are subject to numerous conditions, many of which are beyond the control of the Company, including those set forth in the Risk Factors section of the Companys registration statement and preliminary prospectus for the Companys offering filed with the U.S. Securities and Exchange Commission (the SEC). Copies of these documents are available on the SECs website, at www.sec.gov. The Company undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Sam Joshi

Head of Business Development & Investor Relations

Maso Capital

8th Floor, Printing House

6 Duddell Street, Hong Kong

+ 852 3468 6225

[email protected]

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Singaporean omnichannel e-tailer Iuiga to enhance user engagement and retention with Netcore Personalization

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– Iuiga is a leading direct-to-consumer Singapore homeware brand focusing on lifestyle products.

– Netcore to enable personalized omnichannel user experience across multiple channels and platforms for Iuiga

– Netcore’s AI-powered platform has already powered GoBear, Hermo, Sendo, Hnam, and Mapan

SINGAPORE, Oct. 29, 2020 /PRNewswire/ — Leading customer engagement and retention platform Netcore today announced the onboarding of one of South East Asia’s largest omnichannel e-tailer Iuiga to enable personalized user experience across platforms and channels.

Launched in 2017, IUIGA is known for its direct-to-consumer affordable, minimalist lifestyle products ranging from home and kitchen to apparels and electronics. Iuiga will leverage Netcore’s platform to enable a dynamically optimized, AI-powered personalized experience.

Jaslyn Chan, Founding Member and Chief Growth Officer, IUIGA: "We saw the Netcore platform and were impressed by the capabilities. Their deep expertise in the industry with some marquee names instilled us with the confidence we needed. I believe their proprietary AI-based personalization platform will be instrumental for the enhanced user experience and engagement we envision for our customers."

Netcore’s AI-powered platform has been the customer engagement and retention platform of choice for some of the biggest brands across the globe including GoBear, Hermo, Sendo, Hnam mobile, and Mapan (GoJek).

Kalpit Jain, Group CEO, Netcore Solutions said, "Iuiga is one of the most loved brands in SEA. It stands for quality and enhanced customer experience which resonated with the core philosophy of Netcore. Iuiga is redefining omnichannel retail in the region and we are excited to help drive the customer engagement fueled growth for them through dynamic and personalized experiences through our platform."

Logo – https://mma.prnasia.com/media2/1176346/Netcore_Solutions_Logo.jpg?p=medium600

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