Vital Data Technology Names Alan Spiro, M.D., M.B.A. Chief Medical Officer in Residence

NEWPORT BEACH, Calif., April 30, 2020 /PRNewswire/ — Vital Data Technology, LLC, a data science-driven healthcare information technology company, today announced the appointment of Alan Spiro, M.D., M.B.A. as Chief Medical Officer in Residence.  He will be responsible for advancing the use of proactive and predictive models within Affinitē™, the company’s end-to-end platform, by bridging conventional and non-conventional data with advanced data science methodologies through its proprietary CareFlow Automation™.  In this role, he will help drive innovation while advising clients on how to evolve processes to improve quality outcomes, control costs, and align stakeholders.

“Dr. Spiro brings multi-disciplinary insight into the model of care, the complexity of data and the advent of data science into the evolving demands of healthcare in this era,” stated Matt D’Ambrosia, Chief Executive Officer of Vital Data Technology.  “Our mission is to revolutionize care management by aligning payers, providers, and members with one data-driven platform. Alan’s insight uniquely qualifies him to empower our clients to evolve, to be proactive, to take action sooner, and to be insight-driven as they manage care.”

Throughout his career, Dr. Spiro has significantly impacted health organizations by strategically applying his clinical insight to drive value.  Most recently, he led Blue Health Intelligence’s development of new data services to aid member plans in understanding and using their data for decision making. Prior, he guided new initiatives for well-known health plans, Anthem and Medica, purposed to enrich provider relations and clinical management with technical advancements.  He also founded Accolade, a platform for making benefit management easier for users, while enabling employers and health plans to control costs. 

Following his appointment, Dr. Spiro commented, “Vital Data Technology’s mission represents a unique opportunity to overcome traditional healthcare barriers by leveraging data in a holistic platform that incorporates care management, risk adjustment, and quality.” 

Dr. Spiro has been a strategic clinical leader for and to health plans and employers alike.  As the Principal and National Clinical Practice Leader at Towers Perrin, he advised Fortune 100 companies in the development of corporate health strategies and developed novel health advocate and care coordination programs. Also, he has been a visiting professor of several schools, including the Harvard School of Public Health.

Dr. Spiro holds a Doctor of Medicine degree from the Columbia University College of Physicians and Surgeons and a Masters of Business Administration degree from the Northwestern University Kellogg School of Management.

About Vital Data Technology, LLC

Vital Data Technology is a data science-driven healthcare solutions company giving payers, providers and members the power to drive efficiencies and improve clinical and financial outcomes throughout the healthcare ecosystem with their proprietary artificial intelligence enabled platform…Affinitē™. The platform transforms data into actionable insights using artificial intelligence and advanced analytics integrated with embedded HEDIS® and risk adjustment logic.

Affinitē™ is purpose-built and flexible, deployed as a cloud based, end-to-end solution or as distinct modules. These include; Affinitē PlanLink™ for population health management powered by embedded CareFlow™ automation for risk stratified care coordination, Affinitē ProviderLink™ for provider alignment, Affinitē MyVitalData® member app for engagement, Affinitē Quality™ for HEDIS® and plan-defined quality management and Affinitē Risk™ for efficient risk adjustment.

Vital Data Technology is a trusted partner of Medicare, Medicaid, commercial and self-funded adult and pediatric populations nationwide and offers data science analysis services in addition to Affinitē.  They have received NCQA HEDIS® Certification for seven consecutive years.  For more information visit www.VitalDataTech.com or call (866) 482-8399.

Contact: 
Julie Edgett 
214.551.7487 
239014@email4pr.com

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SOURCE Vital Data Technology

Consumers Want AI Bias Eliminated and Will Reward Businesses for Doing So, Finds Genpact’s Third Annual AI 360 Study

NEW YORK, April 30, 2020 /PRNewswire/ — More than three-quarters (78%) of consumers worldwide say companies must address bias in artificial intelligence (AI) and new research from Genpact (NYSE: G), a global professional services firm focused on delivering digital transformation, finds that they will reward businesses that take action. The study, now in its third year, underscores how AI continues to present opportunities for growth, but businesses still have work to do to address customers’ concerns about bias and workers’ concerns about equity in reskilling opportunities.  

In times of uncertainty, providing good service isn’t good enough. Empathizing deeply with customer concerns is what will separate the winners from losers. Genpact’s study, AI 360: Hold, fold, or double down?, shows that while 67% of consumers worry about AI discriminating against them, and 64% fear that AI will make decisions that affect them without their knowledge, companies that understand these issues and act accordingly can succeed.

Genpact’s study analyzes perceptions of three distinct audiences that are critical to AI’s widespread adoption in business: senior executives, workers, and consumers. Taken together, this 360-degree view provides organizations with comprehensive and actionable insights that now have added relevance in considering business resilience today. The research offers views from 500 senior executives and 4,000 workers and consumers in the United States, United Kingdom, Japan, and Australia.

Beating bias brings business
Going all in to address AI bias can increase opportunities to build customer relationships. Most consumers (58%) are more likely to recommend a company that can demonstrate its AI algorithms are bias-free, and more likely to purchase products or services from such businesses (56%). Gen Z (69%) and millennial (70%) respondents champion unbiased brands even more so.

Reskilling still not enough; inequality in opportunities for men and women
Many workers see opportunities in AI, and three-quarters are willing to learn new skills to take advantage of this technology. Yet for the third consecutive year, companies are not meeting the demand for reskilling that takes into account there being more AI in the workplace. Only about a third (35%) of senior executives say their companies offer AI-related reskilling opportunities, no improvement from 2018.

The good news is the current findings show that 60% of senior executives are talking about providing employees with training. However, both male and female senior executives agree (77% and 75%, respectively) that companies in their industry generally do not provide equal opportunities to men and women for AI reskilling.

“Businesses are being challenged like they never have been before,” said Tiger Tyagarajan, chief executive officer, Genpact. “In this unprecedented time, AI provides companies with a valuable tool to improve customer experience and mine data to engage with customers in a more personal, empathetic way. Our study suggests there is significant optimism shown by both consumers and employees if companies can demonstrate a responsible approach to AI. It is important that business leaders implement equitable training and fight AI bias.”

AI benefits can drive personalized services
The top benefits of AI according to senior executives are improving customer experience and service (39%), the ability to leverage data and analytics (36%), and freeing up more time for employees to focus on more important tasks (35%). Customer experience tops the AI benefits list for the first time, compared to Genpact’s similar studies in 2018 and 2017, signalling a new level of maturity in enterprise AI adoption.

These findings underscore AI’s increasing value in achieving success in today’s disrupted market, which requires companies to commit more resources to creating the right customer experiences. The companies that emerge the strongest will have doubled down on AI to remain close to their customers, predicting and responding to their needs, and being empathetic in their actions.

AI reimagines businesses and helps build resilience
More than a quarter (28%) of senior executives say their organizations are implementing AI extensively to fundamentally reimagine their businesses, and more than half (56%) of the AI leaders* are doing so. These findings may bode well for the future since challenges from the current business environment have underscored the importance of digital transformation. AI leaders may have the competitive edge since the technology plays a key role in building resilience that helps companies handle disruption and pivot according to market demands.

AI 360 also reveals AI investments have increased across industries globally, with 37% of senior executives reporting their organizations have invested $10 million or more in AI, a 6% increase compared to a similar Genpact study in 2018. When looking at investments of $20 million or more, 15% of respondents say their companies are investing at this level, which is an 11% uptick from the prior study.

As companies continue to confront current workplace disruption, senior executives may be questioning whether to pause AI activities, walk away, or keep going. Genpact’s research shows that AI adoption is advancing rapidly and generating a positive impact for almost three quarters of respondents’ organizations. In the coming months, it will be critical for businesses to double down, in the right places – with a longer-term, holistic outlook. They must embrace strategies that enable the greater transparency and a more ethical approach to business that societies are demanding, and the hyper-personalized experiences that customers expect. And AI unlocks opportunities to meet those goals.

For more information, including the full report and infographics, see Genpact’s AI 360: Hold, fold, or double down?

Methodology
In November 2019, Genpact worked with research firm Wakefield Research to survey senior executives, workers, and consumers. The executive survey included 500 C-level and SVP-level executives in the United States, United Kingdom, Australia, and Japan. Respondents are from multiple sectors, including banking, insurance, technology, life sciences, healthcare, consumer goods, retail, and industrial manufacturing. They work for companies with at least $1 billion in annual revenues ($50 billion in financial institutions). 

*To help identify best practices, we asked senior executives to assess the impact of their AI initiatives. Sixteen percent of respondents reported very positive business outcomes. We call them the leaders because their actions give us insights into valuable best practices.

Over the same period, Wakefield also executed a gender and age-balanced survey of 4,000 adults in the same countries of which 53 % work at least eight hours per week. These studies used online surveys with participation secured through email invitations. Genpact also conducted in-depth interviews with a wide range of experts to add insights to the survey findings.

This research complements similar Genpact studies conducted in 2018 and 2017 in association with Wakefield, YouGov, and Fortune Knowledge Group.

About Genpact
Genpact (NYSE: G) is a global professional services firm that makes business transformation real. We drive digital-led innovation and digitally-enabled intelligent operations for our clients, guided by our experience running thousands of processes primarily for Global Fortune 500 companies. We think with design, dream in digital, and solve problems with data and analytics.  Combining our expertise in end-to-end operations and our AI-based platform, Genpact Cora, we focus on the details – all 90,000+ of us. From New York to New Delhi and more than 30 countries in between, we connect every dot, reimagine every process, and reinvent companies’ ways of working. We know that reimagining each step from start to finish creates better business outcomes. Whatever it is, we’ll be there with you – accelerating digital transformation to create bold, lasting results – because transformation happens here. Get to know us at Genpact.com and on LinkedIn, Twitter, YouTube, and Facebook.

MEDIA CONTACTS:

Michael Schneider
Genpact Media Relations – Global
+1 217 260 5041
michael.schneider@genpact.com

The Harris Agency
Genpact@theharris.agency

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SOURCE Genpact

Everest Group Nails Global Services Growth Predictions for 2019, Names Most Attractive Sourcing Locations for the Year Ahead

DALLAS, April 30, 2020 /PRNewswire-PRWeb/ — Everest Group’s predictions that the global services market would witness slightly lower growth in 2019 than 2018 was right on the money. Revenue growth in 2019 was 5%-7% as compared to 6%-8% in 2018. The slower pace of growth can be largely attributed to the global macroeconomic slowdown, volatile currency fluctuations, and the tightening legal and regulatory landscape, with Brexit in the United Kingdom and the European Union’s General Data Protection Regulation (GDPR) as two notable examples.

Looking ahead to 2020, these factors will continue to dampen growth even more, compounded by the disruptive impact of the coronavirus pandemic, apprehensions about an economic recession, trade conflicts between the U.S. and China, and decreased demand for traditional services due to digitalization and automation.

“We believe that the 2020 outlook for the services market remains uncertain,” said Parul Jain, practice director at Everest Group. “Enterprises will continue to rebalance portfolios to bring more critical pieces of work in-house, and leverage low-cost alternatives for non-core workstreams.”

Everest Group shares these findings in two recently published reports: Global Locations State of the Market 2020: Moving Forward in Turbulent Times and 2020 Location Predictions: Confronting the Impending Slowdown. Collectively, this research explores the nuances of the global services locations landscape and interprets locations-related developments and trends to help organizations design a best-fit locations portfolio strategy.

Selected Findings

  • Market activity for new center setups was high across regions, though new center setups grew at slower pace in 2019 over 2018.
  • For new center setups, engineering/research and development (R&D) and IT services continue to experience the highest growth.
  • Growth in Asia Pacific (APAC) locations is expected to be slower in 2020 than in the past few years due to the global macroeconomic climate, the impact of the coronavirus outbreak on Asian markets, and tightening laws in the data protection space.
  • Growth in Central and Eastern Europe (CEE) locations is expected to continue, albeit at a lower rate, given the region’s high-quality talent pool, geographical proximity to buyer locations and increasing leverage of digital technologies. Locations in Middle East and Africa (MEA) are likely to witness increased traction as companies look beyond the established delivery locations to unlock next wave of cost savings.
  • Moderate growth is expected in the Americas, given increasing nearshoring. Multiple players are setting up new centers across Latin American locations to provide voice-support due to the time-zone advantages.

Also included in the Global Locations State of the Market report is Everest Group’s Locations PEAK Matrix®, which provides a comprehensive view of the attractiveness of global delivery locations (cities) in terms of cost, talent availability and risk. The most attractive service delivery locations are deemed by Everest Group to be “Leaders”; “Major Contenders” are considered moderately attractive in terms of cost-savings and have a sufficient talent pool to support mid-to large-sized centers; “Aspirants” typically have lower maturity but offer low cost of operations and considerable opportunity if players invest in talent development. Locations that witnessed significant new center set-up activity by leading Global In-house Centers (GICs) and third-party providers in the past year are dubbed “Star Performers.”

Highlights of Locations PEAK Matrix®

  • Asia Pacific (APAC): Tier-1 locations in India maintain their “Leader” and “Star Performer” positions in English-language delivery functions. In India, tier-2 locations are being leveraged to a higher degree for access to an alternate talent market and higher cost-saving potential, especially for transactional business process services (BPS) and contact center work; however, large-scale delivery of complex functions such as digital services and engineering/R&D services continues to happen primarily from tier-1 cities. The Philippines are “Leader” for English-language contact centers, transactional BPS, and IT-ADM (application development and maintenance) functions.
  • Europe, Middle East & Africa (EMEA): Poland is “Leader” in European-languages BPS and a “Major Contender” for most functions. Poland also maintains its position as a “Star Performer” for BPS functions. Ireland is being leveraged considerably for judgment-intensive functions and European-languages BPS. Ireland also continues to witness high growth in engineering/R&D and digital delivery (including analytics, artificial intelligence and machine learning).
  • Americas: Argentina is “Leader” in bilingual BPS delivery and a “Major Contender” in other functions, such as IT-ADM, contact center and overall business processes. Costa Rica is “Leader” for bilingual BPS work and “Star Performer” for transactional and judgment-intensive BPS functions. Jamaica, Mexico and Guatemala maintain “Major Contender” positions for most functions.

***Download a complimentary abstract of “Global Locations State of the Market 2020: Moving Forward in Turbulent Times” here.***

About Everest Group
Everest Group is a consulting and research firm focused on strategic IT, business services, engineering services, and sourcing. Our clients include leading global enterprises, service providers, and investors. Through our research-informed insights and deep experience, we guide clients in their journeys to achieve heightened operational and financial performance, accelerated value delivery, and high-impact business outcomes. Details and in-depth content are available at http://www.everestgrp.com.

 

SOURCE Everest Group

U.S. Men Are More Willing Than Women to Pay For Good Customer Service

SAN FRANCISCO, April 30, 2020 /PRNewswire/ — Mars and Venus are still in opposition in the realm of customer experience. A recent survey by Genesys®, the global leader in cloud customer experience and contact center solutions, finds that men and women have different expectations when it comes to good customer support and communication methods. For instance, nearly 20% more men than women are open to paying extra to get the type of service they want.

The Genesys survey revealed different points of view across genders. Within the U.S., the survey pool of 800 adults was split evenly between men and women, with only two people self-identifying as “other.” The pool also covered six age ranges in four geographic regions (Northeast, South, Midwest, West).

Below are some of the more noticeable gender distinctions mined from the U.S. survey data.

  1. Men place more emphasis on good customer service and are willing to pay extra to get it. More men (35%) than women (25%) say they base their decision to buy from a business solely on its reputation for customer service. Significantly, they are also more willing to pay extra for better customer service — 55% versus only 36% of women. Fully twice as many men (18%) as women (9%) are willing to pay a surcharge up to 10% for better support.

  2. Men and women disagree on the most important thing in customer support interactions. There’s no gender difference in what people most value when communicating with customer support centers — timeliness of response and a knowledgeable staff. But the data reveals that men place a nearly equal emphasis on timeliness (50%) and knowledgeable staff (49%) compared to women, who value knowledgeable staff (56%) more than timeliness (43%).
  3. Women have more pet peeves when requesting customer support through contact centers. There are two definite irritations that resonated with more than 40% of the men surveyed: too many automated options (44%), and being put on hold for more than 5 minutes (40%). Women share the same two pet peeves, but have two additional ones: language/accent misunderstandings (43%), too many automated options (42%), having to repeat information to multiple customer service representatives (41%), and being on hold for more than 5 minutes (40%).
  4. Men are more likely to lose their temper and complain to a competitor. While only 11% of women say they “frequently” become so frustrated by customer support that they swear or cry, 20% of men in the survey admit to it. Men are also more likely to complain to a competitor (15%) after experiencing poor customer service, compared to only 5% of women.
  5. Men and women vary in their communication preferences. Connecting with customer support by phone is still considered the most effective method for getting answers by 63% of the overall U.S. survey pool. However, 20% of men find searching the company website offers the most success, versus 13% of women. There are a number of other distinctions described below.
  • Live agent support. When contacting customer support by phone, 62% of women compared to 54% of men say talking to a live agent is the most efficient approach.

  • Social media support. Of the seven communication options for customer support presented in the survey, the most disliked is social media, at 21%. A full 25% of the women who dislike it say it’s because it’s too easy to be misunderstood, compared to 15% of men.
  • Web chat support. Fifteen percent of the people surveyed dislike using web chat to communicate with a business for customer support. What’s interesting is that nearly twice as many men (30%) as women (16%) say the reason is that it’s too easy to be misunderstood. However, the women who dislike web chat are significantly more likely to say that it’s too slow (28%) compared to men (18%).
  • Video chat support. Fourteen percent of the total survey pool dislike using video chat for resolving customer support issues, but the gender distinction is noticeable. A full three-quarters of women (75%) say it makes them uncomfortable, compared to 59% of men.
  • Messaging-based support. Texting and messaging apps are becoming more acceptable as a communication method for customer support, although 13% in the Genesys survey still dislike it. One of the reasons the men dislike it is that they perceive it as too slow (21%), although only 5% of women feel that way.

“While our survey results shine a light on the differing mindsets men and women have about customer care, they’re also indicative of a larger trend: an expectation for have-it-your-way service,” said Janelle Dieken, senior vice president of product marketing at Genesys. “Fortunately, with sophisticated customer experience technology that leverages artificial intelligence (AI) and predictive capabilities, organizations can provide the increasingly personalized experiences today’s discerning consumers expect.”

Download the slide deck for additional insights from the 2019 Genesys customer experience survey in the U.S. and read the earlier press announcements. Genesys commissioned surveys in 13 countries: Australia, China, Germany, India, Indonesia, Japan, Malaysia, New Zealand, Singapore, South Korea, Thailand, the U.K. and the U.S. The survey was conducted in July 2019.

Press and analysts in North America may request a full copy of the survey findings from the Genesys media relations team at genesys@sterlingpr.com.

About Genesys
Every year, Genesys® delivers more than 70 billion remarkable customer experiences for organizations in over 100 countries. Through the power of the cloud and AI, our technology connects every customer moment across marketing, sales and service on any channel, while also improving employee experiences. Genesys pioneered Experience as a ServiceSM so organizations of any size can provide true personalization at scale, interact with empathy, and foster customer trust and loyalty. This is enabled by Genesys CloudTM, an all-in-one solution and the world’s leading public cloud contact center platform, designed for rapid innovation, scalability and flexibility. Visit www.genesys.com.

©2020 Genesys Telecommunications Laboratories, Inc. All rights reserved. Genesys, Genesys Cloud, Experience as a Service, and the Genesys logo are trademarks, servicemarks and/or registered trademarks of Genesys. All other company names and logos may be registered trademarks or trademarks of their respective companies. 

Contacts
Shaunna Morgan
Senior Public Relations Manager
Genesys
shaunna.morgan@genesys.com
+1 317-493-4241

Adriana Saldaña
Sterling Communications
genesys@sterlingpr.com
+1 408-395-5500

 

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SOURCE Genesys

Canada’s Silicon Valley is Leading a Tech Revolution

LONDON, April 30, 2020 /PRNewswire/ — High-tech mobility isn’t just about a ride. It’s about an experience, and the emerging poster-child in this space offers everything from a smooth, green ride and the most advanced technology to a tie-in to many things you need or want in life–that includes the best restaurants, fulfillment of your healthcare needs and even an exclusive line of merch co-branded by celebrities.  Mentioned in today’s commentary includes:  Lyft, Inc. (NASDAQ: LYFT), Grubhub Inc. (NYSE: GRUB), General Motors Company (NYSE: GM), Ford Motor Company (F), Baidu, Inc. (NASDAQ: BIDU).

It’s the ride of a lifetime, and it’s not from Uber. Nor is it from Lyft. It’s from the hottest new startup to come out of Canada’s ‘Silicon Valley’–Facedrive (FD.V).

Ride-sharing may be one of the fastest growing trends on the planet, but consider this: Uber, the hottest IPO of 2019, is now losing more money than ever and its growth has slowed to record lows. 

Ride-sharing 2.0 is an entirely different beast. It’s aiming both at turning a profit and giving the consumers what they want. It’s all about monetization. If you can’t monetize it, then your $100 billion valuation dreams will never be realized.

Yes, Uber changed transportation and completely disrupted the taxi industry. It also opened up a Pandora’s Box of other issues, and in defiance, it took on regulators, making just as many enemies as friends along the way. 

What it didn’t do is make money. The cash burn has been enormous, and a decade into it, Uber is still only just hoping to achieve profitability in the fourth quarter of 2020 – also a year in which it will lose more than $1 billion

Along the way, it earned a reputation for being the “avatar” of everything that went wrong with tech. That’s Uber. Facedrive is the next generation of ride-sharing, and it’s where the narrative changes. 

If Uber is the “avatar” of everything that went wrong, Facedrive aims to be the “avatar” of everything that’s about to go right: That means an entire ecosystem of revenue grounded on the rider relationship. 

Ask Will Smith, whose Bel Air Athletics clothing brand is betting that Facedrive is the ride of the future. That’s why he’s co-branding an entire line of merch with Facedrive. 

It’s also why WestBrook Inc., the company he shares with his wife Jada Pinkett Smith, is partnering with this stunning startup that is about to expand internationally to start challenging Uber for the throne. 

Why Ride-Sharing Isn’t Just About Transportation

Facedrive is a “people-and-planet first” ride-sharing platform – two things that have been desperately missing from ride-sharing 1.0. What everyone got wrong the first time around with the novel idea of ride-sharing is this: It’s not just a new transportation service – it’s a high-tech industry. That means there are countless avenues for profitability beyond a simple ride. Take the food delivery business, for example.

GrubHub (GRUB) was an innovator in this scene. Though it was founded in 2004, it wasn’t until 2014 when business really started picking up for the food delivery pioneer. And consequently, its stock price as well. While business flourished for some time, its stock peaked in 2018, reaching an impressive $144 per share. Since then, however, with the emergence of more apps, many of which haven’t faced the same share of controversy, GrubHub has fallen out of favor.  Despite the tough times, however, GrubHub is still alive and kicking, eying even bigger goals and new partnerships in the future.

Facedrive, too, is working on monetizing every angle of this high-tech sharing experience right out of the blocks with its Facedrive Eats delivery platform. The key difference, though, is that it did it all without butting heads with regulators or making enemies out of local officials. Instead, it worked with them directly to ensure that every program on its platform was a benefit to the community at large.

In the process, it caught the eye of major celebrities, big commercial banks, and the authorities who appreciate its attempts to offset carbon emissions. 

Will Smith and Jada Pinkett Smith have thrown in with Facedrive and mutually benefitting partners through WestBrook Inc. And now, in Facedrive’s ongoing efforts to rapidly monetize its ride-sharing platform well beyond the rides, they’re launching an exclusive line of clothing branded by Will Smith’s Bel Air collection and Facedrive.

Some 1,000 new products co-branded by Bel Air and Facedrive are ready to launch, with pre-orders coming soon on the Facedrive website. 

The company is also rolling out a comprehensive health initiative, timed for rapid deployment to the frontlines of the coronavirus pandemic. Facedrive Healthcare includes everything from discounted rides for healthcare workers and specialized vehicles for anyone with additional needs to contactless delivery of essential over-the-counter medicines and medical supplies, including high-tech management of automatic refills. 

Facedrive Eats, which is now piloting in six cities in Ontario and will expand to other regions soon. And the monetization of ride-sharing 2.0 will also get another boost amid the widely emerging trend of sustainable or impact investing, also known as ESG (environmental, social and governance) investing. 

FaceDrive is betting that’s a more significant aspect of profitability than you would think. It’s also where Uber failed miserably. Today’s big money is navigating toward risk mitigation, and it has nothing to do with the pressure from the right or the left. It’s pure market sentiment. 

Big capital is on the greedy hunt for innovative new companies that have latched on to the $30-trillion-plus mega trend of sustainable investing, which has outperformed the overall market.

Ride-Share 2.0 Is Already Here

There’s a laundry list of things that went wrong with the first-generation of ride-sharing, even if giants like Uber and Lyft managed to burn tons of cash to pave the way for what comes next. All of those things have to do with sustainability and responsibility. And all of them, for connected reasons, have to do with the failure to fully monetize.

They’ve sidelined rather than worked in coordination with public transportation, causing big problems for cities, instead of seeking to patch transportation gaps where they’re really needed.

A recent study by the Union of Concerned Scientists estimates that the average (U.S.) ride-hailing trip results in 69 percent more pollution than whatever transportation option it displaced. And a number of big name companies are rushing to get on board.

Lyft (LYFT) was the first of the major ride-sharing companies to commit to carbon neutrality. “We get up every day thinking about how we can continue to have a positive impact on the communities we serve. As we grow, so does the opportunity to increase this impact” John Zimmer, the cofounder and president of Lyft, said on the subject.

Not only is Lyft working on expanding the number of electric vehicles on the road, it’s also looking to other innovative alternatives like bike and scooter sharing. Lyft even offers two types of bikes; the classic easy-riding urban city bikes, and new sleek electric bikes to help users get to where they need to go even faster.

General Motors (GM) is another well-known brand dipping its toes into the bicycle game. It has created its own brand of electric bikes, called Ariv. The bikes were just launched this year, but have already captured the attention of the European market. While they are on the side of pricey, coming in at $3,800 per unit, they do boast a high top speed and can travel a modest distance on a single charge.

The kicker for many, however, is that they can fold into an easily carriable pack, making them the perfect choice for a lot of commuters. Especially in big cities like London or Berlin.

Ford (NYSE:F) is taking a different approach. The car manufacturer recently dove head-first into the scooter market, buying Spin for a clean $100 million.

Initially deployed in San Francisco back in 2017, Spin is widely considered to be a part of the Big Three of the scooter world, along with Lime and Bird. While Ford’s buyout of Spin made headlines, it’s certainly not the first urban transportation alternative Ford’s sunk its teeth into.

In recent years, Ford also bought commuter shuttle service Chariot, Autonomic and TransLoc, aiming to ensure that it does not miss the boat as this new movement accelerates.

On the other side of the world, tech giant, BAIDU (BIDU), is also making moves to revolutionize transportation. BAIDU, for its part, is taking on the automated car market. With more miles under its belt than any of its competitors in Beijing, it’s an easy choice for a number of investors. Likewise, it has an equally large portfolio of innovative new technology…at a lower entry point than its competitors.

As the ‘Chinese Google,’ Baidu is following a similar path to its American counterpart. It began as a search engine but is quickly expanding into almost all things tech related. From artificial intelligence to television and finance, Baidu’s ever-expanding reach is a not to be ignored. Especially for investors looking to stay on top of the new tech trends.

And now Facedrive has entered the playing field, looking to turn everything we knew about the sharing economy on its head. That’s because they approach the industry as a tech transformation that has massive monetization potential because it’s all about relationships with riders. 

By. Cliff Johnson

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Forward-Looking Statements

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements.  Forward looking statements in this publication include that the demand for ride sharing services will grow; that the demand for environmentally conscientious ride sharing services companies in particular will grow; that FaceDrive’s marketplace will offer many more goods and services; that Facedrive can achieve its environmental goals without sacrificing profit; that FaceDrive Eats will expand to other regions outside southern Ontario soon; that Facedrive plans to move to over 15 cities over the next 24 months; that Facedrive will be able to fund its capital requirements in the near term and long term; and that Facedrive will be able to carry out its business plan. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include changing governmental laws and policies; the company’s ability to obtain and retain necessary licensing in each geographical area in which it operates; the success of the company’s expansion activities and whether it justifies additional expansion; the ability of the company to attract a sufficient number of drivers to meet the demands of customer riders; the ability of the company to attract drivers who have electric vehicles and hybrid cars; the ability of FaceDrive to attract providers of good and services for partnerships on terms acceptable to both parties, and on profitable terms for FaceDrive; the ability of the company to keep operating costs and customer charges competitive with other ride-hailing companies; and the company’s ability to continue agreements on affordable terms with existing or new tree planting enterprises in order to retain profits. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

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ADVERTISEMENT. This communication is not a recommendation to buy or sell securities. An affiliated company of  Oilprice.com, Advanced Media Solutions Ltd, and their owners, managers, employees, and assigns (collectively “the Company”) has signed an agreement to be paid in shares to provide services to expand ridership and attract drivers in certain jurisdictions outside Canada and the United States. In addition, the owner of Oilprice.com has acquired additional shares of FaceDrive (FD.V) for personal investment. This compensation and share acquisition resulting in the beneficial owner of the Company having a major share position in FD.V is a major conflict with our ability to be unbiased, more specifically:

This communication is for entertainment purposes only. Never invest purely based on our communication. Therefore, this communication should be viewed as a commercial advertisement only. We have not investigated the background of the featured company. Frequently companies profiled in our alerts experience a large increase in volume and share price during the course of investor awareness marketing, which often end as soon as the investor awareness marketing ceases. The information in our communications and on our website has not been independently verified and is not guaranteed to be correct.

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SOURCE Oilprice.com

Diveplane Announces Iron Bow Technologies as GEMINAI™ Distribution Partner

RALEIGH, N.C., April 30, 2020 /PRNewswire/ — Diveplane, the company keeping the humanity in artificial intelligence (AI), announced today a new strategic partnership with IT solution provider Iron Bow Technologies for the distribution of the company’s proprietary GEMINAI solution.

Diveplane’s GEMINAI, which produces fully realistic and applicable synthetic datasets, will allow Iron Bow to achieve greater research depth and increased performance within its suite of technology capabilities for healthcare clients. Implementing this technology gives Iron Bow the enhancement and support it needs to continue providing customers with the most tailored and highly-efficient IT solutions.

Scott Sanner, General Manager of Iron Bow’s Healthcare and Federal Civilian Agencies, commented, “At Iron Bow, we have invested heavily in technology innovations and partnerships to improve patient outcomes for healthcare systems. Through our partnership with Diveplane, we can further enable the sharing and analysis of medical datasets for our clients, giving providers access to more information to make quick, informed decisions to advance the delivery of care.”

Going far beyond basic data masking and differential privacy, Diveplane’s GEMINAI creates completely new and statistically accurate data for analysis and modeling purposes. It uses patented techniques that produce a verifiable synthetic ‘twin’ dataset, which contains the same statistical properties of the original data, but without the danger of exposing any confidential or sensitive patient information.

“We are extremely proud to partner with Iron Bow Technologies, as they are true pioneers of healthcare technology,” said Mike Capps, CEO and co-founder of Diveplane. “By combining Iron Bow’s proven success in delivering best-in-class healthcare solutions with Diveplane’s ability to allow even highly-regulated industries to safely share data, this partnership opens the floodgates to massive innovations that will benefit healthcare providers and patients alike.”

For more information about GEMINAI, as well as other innovative solutions from Diveplane, click here.

About Diveplane
Diveplane is keeping the humanity in artificial intelligence (AI). The company was founded by Dr. Michael Capps, former President of Epic Games, in 2018 and develops technology that helps businesses and government organizations understand AI with a trainable, interpretable and auditable. Diveplane headquartered in Raleigh, North Carolina. For more information on Diveplane, please visit www.diveplane.com or follow the company on LinkedIn and Twitter.

About Iron Bow Technologies
Iron Bow Technologies is a leading IT solution provider dedicated to successfully transforming clients’ technology investments into robust business capabilities. Working with government, commercial and healthcare clients, Iron Bow brings a depth of technical expertise as well as domain and market knowledge to deliver the right solution to achieve desired business outcomes. Iron Bow partners with clients from planning and implementation through ongoing maintenance and management to deliver solutions that are strong, flexible and on target with their mission. Iron Bow’s global reach and strategic partnerships with industry leaders as well as disruptive technology partners ensures clients implement appropriate cutting edge technology in support of objectives. Learn more at www.ironbow.com.

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SOURCE Diveplane

Science 37® and AiCure Partner to Enhance Virtual Clinical Trials

LOS ANGELES and NEW YORK, April 30, 2020 /PRNewswire/ — Science 37, the industry leader in virtual clinical trials, and AiCure, a leading artificial intelligence (AI) and advanced data analytics company, have announced a collaboration to support and deliver enhanced technology for virtual trials. As the first endeavor for the new partnership, the two companies will use a virtual or decentralized research model—in which patients participate from home—to evaluate an investigational treatment for major depressive disorder (MDD) in a clinical trial this summer.

The MDD trial will involve 150 adult participants in the United States. Science 37 will recruit, enroll, and support patients using its virtual model and in-house network of investigators and mobile nurses. In addition, Science 37 will deliver eConsent, eSource, ePRO and telemedicine capabilities through its comprehensive clinical trial platform, the industry’s first and only platform purpose-built to support virtual trials. The virtual approach adds an additional layer of privacy for patients, who can remain at home for mental health care, and increased efficiency for researchers, since many common psychiatric assessments—including the Montgomery-Asberg Depression Rating Scale (MADRS) used in this study—can be performed virtually by Science 37 investigators via telemedicine.

AiCure will enhance the quality of data collected and reduce both the time and cost of conducting the trial by providing real-time monitoring of patient dosing and novel insights into patient behavior. AiCure’s proprietary platform will monitor remote dosing adherence and measure digital biomarkers—including facial and vocal expressivity—to evaluate depression in patients. The platform will also enable remote registration, training, and micro-reimbursements to patients for increased patient participation. In addition, there will be real-time access to patient-quality metrics, which allows for quick, data-driven modifications to study requirements and improves the predictability of study timelines.

“Collaborating with AiCure is a unique opportunity to bring deeper and more novel insights to clinical research without participants ever having to leave the comfort of home,” said David Coman, CEO of Science 37. “Combining our comprehensive, integrated platform with AiCure’s unique AI technology will enable sponsors to develop even more meaningful data for their research.”

“Virtual clinical trials offer a huge opportunity for both patients and sponsors by reducing the burden of having participants have to travel on-site, while also reducing the costs and duration of studies,” said Dr. Ed Ikeguchi, CEO of AiCure. “Having the right tools in place can ensure patients remain engaged for the duration of a trial and help sponsors get critical and accurate data throughout.”

The virtual research model has become the standard of clinical research in the current climate given the massive worldwide quarantine measures currently in effect. Considering the interview-based diagnostic tools such as MADRS commonly used in psychiatry, this model is particularly appropriate for depression research. Science 37 has conducted more fully virtual, interventional clinical trials than any other organization.

About Science 37
Science 37 is making the promise of virtual trials the new reality. By engaging with patients from the comfort of their own home, we provide access to patients who can never be reached by traditional site-based models. We have proven to enroll faster, retain patients at a higher rate, and reach a more representative population. Science 37 has conducted more decentralized, interventional trials than any other company, using an expansive, in-house network of telemedicine investigators and home-health nurses, who are supported by the industry’s most comprehensive, fully integrated, decentralized clinical trial platform. Learn more at Science 37, and follow Science 37 on Twitter, LinkedIn, and Facebook.

About AiCure
AiCure is an AI and advanced data analytics company that monitors patient behavior and enables remote patient engagement in clinical trials. AiCure improves predictability of study timelines, reduces costs and accelerates timelines through remote patient engagement and assessments, including measuring digital biomarkers and real-time monitoring of patient dosing. Founded in 2010 and funded by the National Institutes of Health (NIH) and leading institutional investors, AiCure has more than 65 issued patents and works with global clients in over 30 countries. AiCure is globally recognized and is a recipient of the Scrip Award, AI 100 and Digital Health 150. For more information, please visit www.aicure.com.

 

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SOURCE Science 37

Picocom License CEVA DSP for 5G New Radio Infrastructure SoC

MOUNTAIN VIEW, Calif., April 30, 2020 /PRNewswire/ — CEVA, Inc. (NASDAQ: CEVA), the leading licensor of wireless connectivity and smart sensing technologies, announced today that Picocom has licensed and deployed the CEVA-XC12 DSP in its forthcoming distributed unit (DU) baseband offload System-on-Chip (SoC) for 5G small cells.

Picocom is a semiconductor company that designs and markets products for 5G New Radio infrastructure. Along with Airspan, Intel, IP Access and Qualcomm, Picocom is a key contributor to the Small Cell Forum (SCF) 5G Functional API (FAPI) suite of specifications, designed to enable the 5G RAN/small cell vendor ecosystem and accelerate deployments of open, multivendor small cell equipment in 5G networks. The Picocom 5G DU SoC is designed to be deployed in buildings to increase 5G coverage and reduce the processing load on 5G macrocells under the open RAN initiative. The CEVA-XC12 software-defined radio (SDR) DSP provides the flexibility and high performance required for 5G baseband processing in sub-6GHz and mmWave networks, while its low power consumption requirements ensure the Picocom SoC is suited for small cell power constrained use cases.

Peter Claydon, General Manager at Picocom, commented: “Small cells are set to play a crucial role in the success of 5G networks, by diversifying the supply chain of network equipment, densifying network coverage and improving reliability. Our forthcoming SoC powered by the CEVA-XC12 DSP provides network operators with a highly-powerful, scalable solution to bring 5G coverage anywhere and enable new use cases ranging from industrial automation to neutral host networks.”

Aviv Malinovitch, Vice President and General Manager of the Mobile Broadband Business Unit at CEVA, stated: “Picocom is an organization with vast experience in the field of small cells. Their approach to the 5G small cell opportunity with a complete PHY solution is a compelling one, and we’re pleased to partner with them for their 5G processor architecture. Our CEVA-XC12 delivers the performance to handle complex 5G workloads in software, ensuring complete flexibility to meet any 5G small cell use case.”

About Picocom
Picocom is a semiconductor company that designs and markets open RAN standard-compliant baseband SoCs and carrier-grade software products for 5G small cell infrastructure. The company, founded in 2018, is headquartered in Hangzhou, China, and has R&D engineering sites in Beijing, China and Bristol, UK. Picocom founding members have significant experience in designing baseband infrastructure products. Picocom is a proud member of the Small Cell Forum, O-RAN Alliance and Telecom Infra Project wireless industry associations.
www.picocom.com.

About CEVA, Inc.
CEVA is the leading licensor of wireless connectivity and smart sensing technologies. We offer Digital Signal Processors, AI processors, wireless platforms and complementary software for sensor fusion, image enhancement, computer vision, voice input and artificial intelligence, all of which are key enabling technologies for a smarter, connected world. We partner with semiconductor companies and OEMs worldwide to create power-efficient, intelligent and connected devices for a range of end markets, including mobile, consumer, automotive, robotics, industrial and IoT. Our ultra-low-power IPs include comprehensive DSP-based platforms for 5G baseband processing in mobile and infrastructure, advanced imaging and computer vision for any camera-enabled device and audio/voice/speech and ultra-low power always-on/sensing applications for multiple IoT markets. For sensor fusion, our Hillcrest Labs sensor processing technologies provide a broad range of sensor fusion software and IMU solutions for AR/VR, robotics, remote controls, and IoT. For artificial intelligence, we offer a family of AI processors capable of handling the complete gamut of neural network workloads, on-device. For wireless IoT, we offer the industry’s most widely adopted IPs for Bluetooth (low energy and dual mode), Wi-Fi 4/5/6 (802.11n/ac/ax) and NB-IoT. Visit us at www.ceva-dsp.com and follow us on Twitter, YouTube, Facebook, LinkedIn and Instagram.

Logo: https://mma.prnewswire.com/media/74483/ceva__inc__logo.jpg

 

 

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SOURCE CEVA, Inc.

Samsung Foundry Certifies Ansys RaptorH For Countering Electromagnetic Effects In 2.5D/3D Integrated Circuits And Systems

PITTSBURGH, April 30, 2020 /PRNewswire/ — Samsung Foundry certified Ansys® RaptorH electromagnetic (EM) simulation solution for developing advanced systems-on-chip (SoC) and two and a half dimensional/three-dimensional integrated circuits (2.5D/3D-IC). The certification enables Ansys (NASDAQ: ANSS) to help Samsung designers and Samsung Foundry customers more accurately analyze and mitigate risks from EM effects when adopting Samsung’s new signoff flow — significantly expediting the advancement of state-of-the-art artificial intelligence (AI), high-performance computing (HPC) and 5G semiconductor designs.

Samsung’s series of advanced nanometer silicon and 2.5D/3D-IC technologies require a signoff methodology for validating EM interference that negatively impacts complex multi-chip assemblies — a task that traditional tools are not designed to handle. Engineers require a high-capacity EM analysis tool to accurately model the signal integrity of very large SoCs and 2.5D/3D assemblies which process signals at very high data rates. The hard-to-quantify interactions among signals in 2.5D/3D-ICs are critical points of failure and limit the rate of new technology adoption.

Combining the high-fidelity, high-frequency electromagnetic solvers of Ansys® HFSS with the tremendous speed and robust architecture of Ansys® RaptorX, RaptorH’s highly integrated analysis solution helps Samsung designers model EM phenomena and push higher frequencies in their 2.5D/3D chip assemblies with confidence that parasitic effects will not compromise the system. This will drive a faster ramp to mainstream production for these new packaging technologies with significantly reduced risk.

“Increasing data rates, higher levels of electronic system integration and packaging density are leading to a greater demand for new EM analysis capabilities on an unprecedented scale,” said Dr. Jaehong Park, executive vice president of Foundry Design Platform Development at Samsung Electronics. “Leveraging Ansys RaptorH empowers our talented engineering team to overcome unwelcome EM phenomena, in order to shrink design cycles, decreases budgets and increase performance.”

“Continuing our deep relationship with Samsung, RaptorH provides an enhanced signoff flow for eliminating risks from EM interference and directly supports Samsung’s development of cutting-edge AI, HPC and 5G semiconductor designs. RaptorH will help Samsung designers and foundry customers shrink chip size, slash power demands, reduce costs and speed their products to market,” said Yorgos Koutsoyannopoulos, vice president of engineering at Ansys. “This solution also demonstrates Ansys’ ability to not only integrate a new acquisition, like Helic, into our portfolio quickly but also accelerate growth and bring much needed solutions to customers around the world.”

About Ansys

If you’ve ever seen a rocket launch, flown on an airplane, driven a car, used a computer, touched a mobile device, crossed a bridge or put on wearable technology, chances are you’ve used a product where Ansys software played a critical role in its creation. Ansys is the global leader in engineering simulation. Through our strategy of Pervasive Engineering Simulation, we help the world’s most innovative companies deliver radically better products to their customers. By offering the best and broadest portfolio of engineering simulation software, we help them solve the most complex design challenges and create products limited only by imagination. Founded in 1970, Ansys is headquartered south of Pittsburgh, Pennsylvania, U.S.A. Visit www.ansys.com for more information.

Ansys and any and all ANSYS, Inc. brand, product, service and feature names, logos and slogans are registered trademarks or trademarks of ANSYS, Inc. or its subsidiaries in the United States or other countries. All other brand, product, service and feature names or trademarks are the property of their respective owners.

Contact

Media

Mary Kate Joyce

724.820.4368

marykate.joyce@ansys.com

 

Investors

Virginea Gibson

724.820.4225

virginea.gibson@ansys.com

 

ANSS-T

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SOURCE Ansys

Evogene Files Annual Report for the Year Ended December 31, 2019

REHOVOT, Israel, April 30, 2020 /PRNewswire/ — Evogene Ltd. (NASDAQ: EVGN) (TASE: EVGN), a leading biotechnology company aiming to revolutionize the development of novel products for life-science based industries, announced today that it has filed its annual report on Form 20-F for the fiscal year ended December 31, 2019 with the U.S. Securities and Exchange Commission (the “SEC”).

The annual report, which contains the Company’s audited consolidated financial statements, can be accessed on the SEC website at http://www.sec.gov/ as well as via the Company’s website at http://www.evogene.com/investor-relations. The Company will deliver a hard copy of its annual report, including its complete audited consolidated financial statements, free of charge, to its shareholders upon request to the Company Media Contact: ir@evogene.com

About Evogene Ltd.:

Evogene (NASDAQ: EVGN) (TASE: EVGN.TA) is a leading biotechnology company aiming to revolutionize the development of novel products for life-science based industries, including human health, agriculture, and industrial applications, by utilizing cutting edge computational biology technologies. Leveraging Big Data and Artificial Intelligence while incorporating a deep understanding of biology, Evogene established its unique technology, the Computational Predictive Biology (CPB) platform, to computationally design microbes, small molecules and genes as the core components for life-science products. Evogene holds a number of subsidiaries utilizing the CPB platform, for the development of human microbiome-based therapeutics, medical cannabis, ag-biologicals, ag-chemicals, seed traits and ag-solutions for castor oil production. For more information, please visit www.evogene.com

Forward Looking Statements

This press release contains “forward-looking statements” relating to future events. These statements may be identified by words such as “may”, “could”, “expects”, “intends”, “anticipates”, “plans”, “believes”, “scheduled”, “estimates” or words of similar meaning. Such statements are based on current expectations, estimates, projections and assumptions, describe opinions about future events, involve certain risks and uncertainties which are difficult to predict and are not guarantees of future performance. Therefore, actual future results, performance or achievements of Evogene and its subsidiaries may differ materially from what is expressed or implied by such forward-looking statements due to a variety of factors, many of which are beyond the control of Evogene and its subsidiaries, including, without limitation, those risk factors contained in Evogene’s reports filed with the applicable securities authority, as well as a result of the Cornonavirus. In addition, Evogene and its subsidiaries rely, and expect to continue to rely, on third parties to conduct certain activities, such as their field-trials and pre-clinical studies, and if these third parties do not successfully carry out their contractual duties, comply with regulatory requirements or meet expected deadlines (including as a result of the effect of the Coronavirus), Evogene and its subsidiaries may experience significant delays in the conduct of their activities. Evogene and its subsidiaries disclaim any obligation or commitment to update these forward-looking statements to reflect future events or developments or changes in expectations, estimates, projections and assumptions.

Evogene Investor Contact: 
Rivka Neufeld
Investor Relations and Public Relations Manager
E: IR@evogene.com  
T: +972-8-931-1940

US Investor Relations:
Joseph Green
Edison Group
E: jgreen@edisongroup.com  
T: +1 646-653-7030

Laine Yonker
Edison Group
E: lyonker@edisongroup.com  
T: +1 646-653-7035

 

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SOURCE Evogene