Daily Archives: October 16, 2018

€1.6bn investment project kickstarts Lithium Werks’ battery gigafactories vision

THE HAGUE, Netherlands, Oct. 16, 2018 (GLOBE NEWSWIRE) — Dutch energy storage and battery company Lithium Werks B.V. (www.lithiumwerks.com) and Chinese Zhejiang Jiashan Economic and Technological Development Zone Industry Corporation have signed a framework agreement with the intention to construct a 60 hectares battery gigafactory in the Yangtze river Delta. Total investments required are estimated at €1.6 billion.

The Lithium Werks factory and related facilities will produce battery cells for lithium-ion batteries, enabling the energy transition from fossil fuels to clean energy in order to reduce CO2 emissions.

Lithium Werks expects to have installed production capacity of 500 GWh per annum by 2030 as it continues to contribute to the shift to a carbon neutral world.

“With our Chinese partners’ help, and as we continue to grow both organically and through acquisitions, we will deliver the energy storage solutions that our customers increasingly ask for as the world transitions to clean energy,” said Koolen.

“We need safe, reliable, clean and sustainable energy storage. Batteries are an essential part of the energy transition. They enable us to store wind and solar energy to make it available whenever people need electricity,” said Kees Koolen, chairman of the board, Lithium Werks.

The agreement, which was signed in the presence of the Chinese Premier Li Keqiang and Dutch Prime Minister Mark Rutte, marks the start of Lithium Werks’ plan to build multiple gigafactories across the world as part of a 15-to-20-year program that mirrors the long-term business models of the wind and solar industry.

Lithium Werks expects its revenue to exceed $1bn by 2020 as it continues to grow its share of the rapidly expanding market for energy storage.

During the next decade alone, we can expect demand for lithium-ion batteries to grow tenfold.* The battery industry will need to respond by constructing factories to deliver capacity in excess of 10,000 GWh in the next three decades.

“We are grateful and happy to work with our Chinese partners, the first to support our strategy to have a factory in their country. Speed of execution is key as is evidenced by building permit and other regulatory processes in China being completed within 100 days. Other countries and partners are invited to take up the dialogue in order to accelerate the roll out in other locations. We work closely with our customers to meet their specific energy storage requirements and are excited to develop new business relationships.” said Koolen.

Lithium Werks is committed to providing energy storage solutions that make electricity generated from renewable energy available when consumer need it, thus facilitating the global transition from fossil fuels to clean energy.

Lithium Werks is working closely with the regional development organisation Oost NL, which has invested in the company, and with the University of Twente, with which it is developing a research campus that by around 2025 will employ some 2,000 engineers and other experts to focus on energy storage, transport and smart software.

“Significant investments are needed for an actual energy transition. The Chinese government has been working on clean energy plans for some time and their commitment confirms the crucial role that batteries play in this,” said Victor van der Chijs, rector of the University of Twente.

“Lithium Werks, with the University of Twente as a research partner, is an important player with a clear vision for a sustainable world. The University of Twente has been investing in sustainable energy research for years, including research into new materials that enable further innovation in battery technology,” he said.

Marius Prins, CEO, Oost NL said: “These developments show that Lithium Werks can grow into a company that makes an important contribution worldwide to the way we handle energy and energy storage. As the development company, we were among the first to invest in Lithium Werks. We firmly believe that Lithium Werks’ energy research R&D activities will contribute significantly to the strength of East Netherlands’ economy.”

*)  Capgemini Research Institute, 2018

About Lithium Werks
Lithium Werks is a fast-growing global lithium-ion battery company with production facilities in the Netherlands and China, and offices in the USA, the Netherlands, Northern Ireland, Great Britain and Norway. Lithium Werks provides cells, modules and energy management systems to markets such as industrial, transportation, marine and clean energy.

Media Relations:
https://lithiumwerks.com/media-relations/
LWmarketing@LithiumWerks.com 
Marloes Eshuis +31 (0)611331598, 
Jorn Madslien +44 (0) 20 3151 7540

Investor relations:
Investor.Relations@LithiumWerks.com
Bart Morselt +31 (0)74 8200010

Global Beverage and Food Launches With Stevia Are Up Sharply In 2018

New Products Launched Globally with Stevia Post a +27% Increase in the First Half of 2018 vs the Same Period in 2017

CHICAGO, Oct. 16, 2018 (GLOBE NEWSWIRE) — PureCircle (LSE: PURE), the world’s leading producer and innovator of great-tasting stevia sweeteners, reports launches of new food and beverage products containing stevia leaf sweeteners increased significantly in the first six months of 2018 vs the comparable period in 2017. The data used in this release was provided by Mintel Global New Products Database (GNPD)*.

Specifically, new product launches with stevia rose +27% globally. About one-third of foods and beverages launched using high-intensity sweeteners** contained stevia this year, nearly double the rate when compared to the first six months in 2012.

Looking at results separately for global beverages and foods, launches of beverage products containing stevia grew 33% in the first half of 2018.  Launches of food products with stevia grew 23%.  As evidenced by this growth data, stevia has become a very important ingredient for beverage and food companies.

To meet this increase in demand, PureCircle has increased production capacity enabling it to supply significantly more of the best-tasting stevia sweeteners like Reb D and Reb M.  That enables the company to provide customers the best-tasting stevia sweeteners in significant quantities and cost effectively.  PureCircle works with a growing global network of farmers to source stevia leaf – and has begun working with farmers in North Carolina.

Consistent with the growth of stevia use in product launches, the increase relative to other zero-calorie sweeteners has also been dramatic.  In the first six months of 2012, stevia was used in 16% of food and beverage products launched with high-intensity sweeteners; aspartame was at 36%.  Fast forward to the first six months of 2018, stevia usage nearly doubled to 31%; aspartame fell to just 22%.  With stevia, food and beverage companies have access to a non-GMO sweetener from a plant which can deliver on taste.

PureCircle works closely with the world’s leading beverage and food companies to supply them with stevia and to support their use of stevia.  Major companies launching products with stevia leaf sweetener in the first half of 2018 included the following (in alphabetical order):  Calbee Foods, The Coca-Cola Co, Danone, Grupo Bimbo, Kraft Heinz, Nestle, PepsiCo, Seven & I Holdings and Unilever.

Beverage and food product launches with stevia as an ingredient are taking place globally, according to Mintel research, with all regions seeing growth.  The top two regions were Asia/Pacific (42%) and Europe (22%), followed by Latin America, North America and Middle East/Africa.

The story of stevia is evolving.  Not long ago, it was viewed as a plant-based, zero-calorie, single-ingredient sweetener which worked well in some beverage and food applications. Today we offer a range of stevia leaf sweetener ingredients, including Reb M, with sugar-like taste and zero calories. Food and beverage companies have an increasing need for just such an ingredient, because consumers, health experts and governments have become increasingly concerned about obesity and diabetes, and consumers have become increasingly health and wellness conscious.

For more information on PureCircle and Starleaf stevia, please see: www.purecircle.com

* The data in this release reflects new product launches from January-June 2018 compared to January-June 2017, and was extracted from the Mintel Global New Products Database in October 2018.

** When referring to high-intensity sweeteners, ingredients analyzed included Acesulfame Potassium, Sucralose, Aspartame and Stevia.

Media may direct inquiries to:

Carolyn Clark, Head of Global Marketing
Email:  carolyn.clark@purecircle.com  Phone: 1 (630) 517 0812

Jackson Pillow, Media Relations Manager
Email:  jackson.pillow@purecircle.com  Phone: +1 630 256 8394

About PureCircle

  • PureCircle combines advanced R&D with full vertical integration from farm to high-quality, great-tasting innovative stevia sweeteners.
  • The Company collaborates with farmers who grow the stevia plants and with food and beverage companies which seek to improve their low- and no-calorie formulations using a sweetener from plants.
  • PureCircle will continue to: lead in research, development and innovation; produce a growing supply of multiple varieties of stevia sweeteners with sugar-like taste, using all necessary and appropriate methods of production; and be a resource and innovation partner for food and beverage companies.
  • PureCircle stevia flavor modifiers work in synergy with sweeteners to improve the taste, mouthfeel and calorie profile, and enhance the cost effectiveness, of beverage and food products.
  • Founded in 2002, PureCircle is continually investing in breakthrough research and development and it currently has more than 100 stevia-related granted patents and more than 250 patents pending globally.
  • PureCircle has offices around the world with the global headquarters in Chicago, Illinois.
  • To meet growing demand for stevia sweeteners, PureCircle is rapidly ramping up its supply capability. It completed expansion of its Malaysian stevia extract facility in March 2017, increasing its capacity to rapidly supply the newer and great-tasting stevia sweeteners and helping provide ever-increasing value to its customers.
  • PureCircle’s shares are listed on the main market of the London Stock Exchange.
  • For more information, visit: www.purecircle.com

About stevia

  • Given the growing global concerns about obesity and diabetes, beverage and food companies are working responsibly to reduce sugar and calories in their products, responding to both consumers and health and wellness advocates. Sweeteners from the stevia plant offer sugar-like taste and are becoming an increasingly important tool for these companies.
  • Like sugar, stevia sweeteners are from plants. But unlike sugar, they enable low-calorie and zero-calorie formulations of beverages and foods.
  • Stevia leaf extract is a natural, zero calorie, high-intensity sweetener, used by global food and beverage companies as a great-tasting zero-calorie alternative to sugar and artificial sweeteners.
  • Stevia is a naturally sweet plant native to South America; today, it is grown around the world, notably in Kenya, China and the US.
  • The sweet-tasting parts of the stevia leaf are up to 400 times sweeter than sugar: stevia’s high-intensity sweetness means it requires far less water and land than sugar.
  • Research has shown that the molecules of the stevia leaf are present and unchanged in the dried stevia leaf, through the commercial extraction and purification process, and in the final stevia leaf extract product. Many major global regulatory organisations, across 65 countries, have approved the use of high-purity stevia leaf extracts in food and beverages.
  • For more information on the science of stevia, please visit https://www.purecirclesteviainstitute.com/

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ca6841a-d715-4765-83e5-c260f94c53eb

Global Beverage and Food Launches With Stevia Are Up Sharply In 2018

New Products Launched Globally with Stevia Post a +27% Increase in the First Half of 2018 vs the Same Period in 2017

CHICAGO, Oct. 16, 2018 (GLOBE NEWSWIRE) — PureCircle (LSE: PURE), the world’s leading producer and innovator of great-tasting stevia sweeteners, reports launches of new food and beverage products containing stevia leaf sweeteners increased significantly in the first six months of 2018 vs the comparable period in 2017. The data used in this release was provided by Mintel Global New Products Database (GNPD)*.

Specifically, new product launches with stevia rose +27% globally. About one-third of foods and beverages launched using high-intensity sweeteners** contained stevia this year, nearly double the rate when compared to the first six months in 2012.

Looking at results separately for global beverages and foods, launches of beverage products containing stevia grew 33% in the first half of 2018.  Launches of food products with stevia grew 23%.  As evidenced by this growth data, stevia has become a very important ingredient for beverage and food companies.

To meet this increase in demand, PureCircle has increased production capacity enabling it to supply significantly more of the best-tasting stevia sweeteners like Reb D and Reb M.  That enables the company to provide customers the best-tasting stevia sweeteners in significant quantities and cost effectively.  PureCircle works with a growing global network of farmers to source stevia leaf – and has begun working with farmers in North Carolina.

Consistent with the growth of stevia use in product launches, the increase relative to other zero-calorie sweeteners has also been dramatic.  In the first six months of 2012, stevia was used in 16% of food and beverage products launched with high-intensity sweeteners; aspartame was at 36%.  Fast forward to the first six months of 2018, stevia usage nearly doubled to 31%; aspartame fell to just 22%.  With stevia, food and beverage companies have access to a non-GMO sweetener from a plant which can deliver on taste.

PureCircle works closely with the world’s leading beverage and food companies to supply them with stevia and to support their use of stevia.  Major companies launching products with stevia leaf sweetener in the first half of 2018 included the following (in alphabetical order):  Calbee Foods, The Coca-Cola Co, Danone, Grupo Bimbo, Kraft Heinz, Nestle, PepsiCo, Seven & I Holdings and Unilever.

Beverage and food product launches with stevia as an ingredient are taking place globally, according to Mintel research, with all regions seeing growth.  The top two regions were Asia/Pacific (42%) and Europe (22%), followed by Latin America, North America and Middle East/Africa.

The story of stevia is evolving.  Not long ago, it was viewed as a plant-based, zero-calorie, single-ingredient sweetener which worked well in some beverage and food applications. Today we offer a range of stevia leaf sweetener ingredients, including Reb M, with sugar-like taste and zero calories. Food and beverage companies have an increasing need for just such an ingredient, because consumers, health experts and governments have become increasingly concerned about obesity and diabetes, and consumers have become increasingly health and wellness conscious.

For more information on PureCircle and Starleaf stevia, please see: www.purecircle.com

* The data in this release reflects new product launches from January-June 2018 compared to January-June 2017, and was extracted from the Mintel Global New Products Database in October 2018.

** When referring to high-intensity sweeteners, ingredients analyzed included Acesulfame Potassium, Sucralose, Aspartame and Stevia.

Media may direct inquiries to:

Carolyn Clark, Head of Global Marketing
Email:  carolyn.clark@purecircle.com  Phone: 1 (630) 517 0812

Jackson Pillow, Media Relations Manager
Email:  jackson.pillow@purecircle.com  Phone: +1 630 256 8394

About PureCircle

  • PureCircle combines advanced R&D with full vertical integration from farm to high-quality, great-tasting innovative stevia sweeteners.
  • The Company collaborates with farmers who grow the stevia plants and with food and beverage companies which seek to improve their low- and no-calorie formulations using a sweetener from plants.
  • PureCircle will continue to: lead in research, development and innovation; produce a growing supply of multiple varieties of stevia sweeteners with sugar-like taste, using all necessary and appropriate methods of production; and be a resource and innovation partner for food and beverage companies.
  • PureCircle stevia flavor modifiers work in synergy with sweeteners to improve the taste, mouthfeel and calorie profile, and enhance the cost effectiveness, of beverage and food products.
  • Founded in 2002, PureCircle is continually investing in breakthrough research and development and it currently has more than 100 stevia-related granted patents and more than 250 patents pending globally.
  • PureCircle has offices around the world with the global headquarters in Chicago, Illinois.
  • To meet growing demand for stevia sweeteners, PureCircle is rapidly ramping up its supply capability. It completed expansion of its Malaysian stevia extract facility in March 2017, increasing its capacity to rapidly supply the newer and great-tasting stevia sweeteners and helping provide ever-increasing value to its customers.
  • PureCircle’s shares are listed on the main market of the London Stock Exchange.
  • For more information, visit: www.purecircle.com

About stevia

  • Given the growing global concerns about obesity and diabetes, beverage and food companies are working responsibly to reduce sugar and calories in their products, responding to both consumers and health and wellness advocates. Sweeteners from the stevia plant offer sugar-like taste and are becoming an increasingly important tool for these companies.
  • Like sugar, stevia sweeteners are from plants. But unlike sugar, they enable low-calorie and zero-calorie formulations of beverages and foods.
  • Stevia leaf extract is a natural, zero calorie, high-intensity sweetener, used by global food and beverage companies as a great-tasting zero-calorie alternative to sugar and artificial sweeteners.
  • Stevia is a naturally sweet plant native to South America; today, it is grown around the world, notably in Kenya, China and the US.
  • The sweet-tasting parts of the stevia leaf are up to 400 times sweeter than sugar: stevia’s high-intensity sweetness means it requires far less water and land than sugar.
  • Research has shown that the molecules of the stevia leaf are present and unchanged in the dried stevia leaf, through the commercial extraction and purification process, and in the final stevia leaf extract product. Many major global regulatory organisations, across 65 countries, have approved the use of high-purity stevia leaf extracts in food and beverages.
  • For more information on the science of stevia, please visit https://www.purecirclesteviainstitute.com/

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/2ca6841a-d715-4765-83e5-c260f94c53eb

Checkpoint Therapeutics Appoints Christian Béchon to its Board of Directors

NEW YORK, Oct. 16, 2018 (GLOBE NEWSWIRE) — Checkpoint Therapeutics, Inc. (“Checkpoint”) (NASDAQ: CKPT), a clinical-stage immuno-oncology biopharmaceutical company focused on the acquisition, development and commercialization of novel treatments for patients with solid tumor cancers, today announced that it has appointed Christian Béchon to its Board of Directors.

James F. Oliviero, President and Chief Executive Officer of Checkpoint, said, “I am very pleased to welcome Christian to Checkpoint’s Board of Directors. His experience as Chairman and CEO of LFB S.A., a major European biopharmaceutical company with global operations, will make him a valuable addition to our Board. We look forward to leveraging Christian’s expertise as we continue to advance toward pivotal Phase 3 clinical trials next year.”

Mr. Béchon brings more than two decades of business experience to Checkpoint. He is currently Chairman and Chief Executive Officer of ChB Consultants, a privately held life science consultancy company. From 2006 to 2017, Mr. Béchon was Chairman and Chief Executive Officer of LFB S.A., a French biopharmaceutical company with more than €500M in annual revenue. Previously, he was Senior Advisor for the Boston Consulting Group in 2005 and 2006. Earlier in his career, he held various positions in the French government, including Chief of Staff to the Minister for Public Health and Health Insurance. From 2000 to 2004, he was Deputy Chief of Staff to the Minister of the Economy, Finance and Industry. He is a graduate of the École Centrale des Arts et Manufactures engineering school, Institut d’Études Politiques de Paris and École Nationale d’Administration. Mr. Béchon is a member of Quantum Genomics’ (ALQGC) Board of Directors and has been a Board member of private companies in the USA, Mexico and Europe. He has received numerous awards and medals, including the Knight of the French Legion of Honor and the French National Order of Merit.

“I am delighted to join Checkpoint and offer my perspective in this exciting time of expansion at the company,” said Mr. Béchon. “I appreciate the opportunity to bring my global business and finance experience and industry contacts to Checkpoint to help the company achieve its milestones.”

About Checkpoint Therapeutics
Checkpoint Therapeutics, Inc. (“Checkpoint”) is a clinical-stage, immuno-oncology biopharmaceutical company focused on the acquisition, development and commercialization of novel treatments for patients with solid tumor cancers. Checkpoint is evaluating its lead small-molecule, targeted anti-cancer agent, CK-101, in a Phase 1/2 clinical trial for the treatment of patients with EGFR mutation-positive non-small cell lung cancer (NSCLC). In addition, Checkpoint is currently evaluating its lead antibody product candidate, CK-301, an anti-PD-L1 antibody licensed from the Dana-Farber Cancer Institute, in a Phase 1 clinical trial in checkpoint therapy-naïve patients with selected recurrent or metastatic cancers. Checkpoint plans to develop CK-301 as a treatment for patients with NSCLC and other solid tumors. Checkpoint is headquartered in New York City. For more information, visit www.checkpointtx.com.

Forward‐Looking Statements
This press release may contain “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, each as amended. Such statements include, but are not limited to, any statements relating to our growth strategy and product development programs, and any other statements that are not historical facts. Forward-looking statements are based on management’s current expectations and are subject to risks and uncertainties that could negatively affect our business, operating results, financial condition and stock value. Factors that could cause actual results to differ materially from those currently anticipated include: risks relating to our growth strategy; our ability to obtain, perform under and maintain financing and strategic agreements and relationships; risks relating to the results of research and development activities; risks relating to the timing of starting and completing clinical trials; uncertainties relating to preclinical and clinical testing; our dependence on third-party suppliers; our ability to attract, integrate and retain key personnel; the early stage of products under development; our need for substantial additional funds; government regulation; patent and intellectual property matters; competition; as well as other risks described in our SEC filings. We expressly disclaim any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions or circumstances on which any such statement is based, except as required by law.

Company Contact:
Jaclyn Jaffe
Checkpoint Therapeutics, Inc.
(781) 652-4500
ir@checkpointtx.com

Investor Relations Contact:
Jeremy Feffer
Managing Director, LifeSci Advisors, LLC
(212) 915-2568
jeremy@lifesciadvisors.com

Media Relations Contact:
Tony Plohoros
6 Degrees
(908) 940-0135
tplohoros@6degreespr.com

Eta Compute Launches Machine Learning Platform with Ultra-Low-Power Consumption for Edge Devices

Exhibiting at Arm TechCon, the company will demonstrate the latest in artificial intelligence including autonomous learning.

WESTLAKE VILLAGE, Calif., Oct. 16, 2018 (GLOBE NEWSWIRE) — Eta Compute Inc., a company dedicated to delivering machine learning to mobile and edge devices using its revolutionary new platform, today announced the availability of its latest machine learning SoC that includes autonomous learning. Named TENSAI®, this ground-breaking product performs image classification, keyword spotting, and wakeup word detection that redefines the standard for ultra-low power embedded solutions.

“I know machine learning on tiny, cheap battery powered chips is coming,” said Pete Warden, Google Technical Lead of TensorFlow. This will open the door for some amazing new applications.”Eta Compute TENSAI® Chip

The TENSAI chip includes the third generation of Eta Compute’s delay insensitive logic which enables products to reliably operate at the lowest supply voltage resulting in the lowest power consumption.

Other unique features of this SoC include:

  • Eta Compute’s own kernel for spiking neural network (SNN) and CNN minimizes operations and lowers power consumption
  • Autonomous Learning of speech, image, and other data where classification occurs on the data without labels enabling advances in the broad area of anomaly detection on systems where failure modes are unknown or data difficult to obtain
  • Image classification application consuming only 0.4mJ per picture, a 30X power reduction over recently published results
  • Always-on wakeup word application which consumes 500uA during classification or 50uA during silence meeting strict requirements for wearables and battery-operated consumer electronics

“Our patented hardware architecture (DIAL™) is combined with our fully customizable algorithms based on both CNN and SNNs to perform machine learning inferencing in hundreds of microwatts,” said Nara Srinivasa Ph.D., CTO of Eta Compute. “These are being sampled to customers who are integrating them into products such as smart speakers and object detection platforms to deliver machine intelligence to the network edge.”

The processor is trainable using the popular TensorFlow® or Caffe® software and Eta Compute’s custom kernel further optimizes the trained model. TENSAI uses a tightly integrated DSP processor and microcontroller architecture for a significant reduction in power for embedded machine intelligence. This solution can support a wide range of applications in audio, video, and signal processing where power is a severe constraint as in mobile devices, wearable, industrial sensing, and camera markets.

Furthermore, for real world scenarios for which readily labeled data is scarce or unavailable, our autonomous learning algorithms can extract actionable intelligence despite this limitation. This makes Eta Compute’s solution much broader in scope including intelligence for devices that harvest energy in remote environments.

Eta Compute SoC with machine learning is sampling now with mass production expected in Q1 of 2019.

About Eta Compute
Eta Compute was founded in 2015 with the vision that the proliferation of intelligent devices at the network edge will make daily life safer, healthier, comfortable and more convenient without sacrificing privacy and security. Its recently launched DIAL™ technology is the world’s lowest power embedded compute platform and is a natural architecture to support event driven neuromorphic learning and machine intelligence for portable devices. For more information visit EtaCompute.com or contact the company via email at info@etacompute.com.

Contact:
Phyllis Grabot, Corridor Communications, Inc.
805.341.7269 / phyllis@corridorcomms.com

A photo accompanying this announcement is available at http://www.globenewswire.com/NewsRoom/AttachmentNg/24ad2eeb-4dfc-4d04-80ef-e0b5cbd014c9