Release – electroCore Announces 510k Clearance of gammaCore nVNS to Treat Paroxysmal Hemicrania and Hemicrania Continua


electroCore Announces 510(k) Clearance of gammaCore™ Non-Invasive Vagus Nerve Stimulation (nVNS) to Treat Paroxysmal Hemicrania and Hemicrania Continua

 

ROCKAWAY, NJ
Sept. 14, 2021 (GLOBE NEWSWIRE) —  
electroCore, Inc. (Nasdaq: ECOR), a commercial-stage bioelectronic medicine company, today announced that on September 10, 2021 the company received Section 510(k) clearance from the United States Food and Drug Administration (FDA) of the company’s submission to expand the label of gammaCore nVNS to include the treatment of Paroxysmal Hemicrania (PH) and Hemicrania Continua (HC) in adults.

PH and HC are both rare forms of trigeminal autonomic cephalalgias (TAC), that are typically debilitating and difficult to treat. The most common type of TAC is cluster headache. gammaCore is also indicated for both the acute and preventative treatment of cluster headache, where it is considered a first-line treatment option.

The label expansion was based on data collected from multiple clinical audits and case series/case reports that included patients with PH or HC. These included a total of 14 patients with PH and 19 patients with HC. 79% of the patients experienced clinically meaningful benefits from gammaCore for each indication, including decreases in the severity of persistent pain and/or reductions in the frequency, severity, and/or duration of exacerbations or attacks. Many subjects reported more than one clinical benefit. There were no serious or unexpected adverse events reported.

Professor  Peter Goadsby MD, PhD, DSc, President of the 
American Headache Society and Professor of Neurology at the 
University of California, Los Angeles commented, “Paroxysmal hemicrania and hemicrania continua have not been thoroughly studied leaving clinicians with few treatment options. gammaCore, which can be used to decrease the frequency, duration or intensity of PH and HC attacks, represents an important new treatment option for these patients.”

“gammaCore (nVNS) is the first treatment, drug or device, to be indicated for the treatment of paroxysmal hemicrania or hemicrania continua,” said Eric Liebler, Senior Vice President of Neurology at electroCore, Inc. “The rare ability of nVNS to address several of the mechanistic pathways that contribute to the pain and symptoms of headache allows gammaCore to be used by patients as a treatment option for most forms of primary headache. We would like to thank the Division of Neuromodulation and Physical Medicine Devices and their colleagues at the FDA for their efforts to review and clear these new indications for gammaCore.”

About electroCore, Inc.
electroCore, Inc. is a commercial stage bioelectronic medicine company dedicated to improving patient outcomes through its non-invasive vagus nerve stimulation therapy platform, initially focused on the treatment of multiple conditions in neurology. The company’s current indications are the preventive treatment of cluster headache and migraine and the acute treatment of migraine and episodic cluster headache.

For more information, visit www.electrocore.com.

About gammaCore™
gammaCore™ (nVNS) is the first non-invasive, hand-held medical therapy applied at the neck as an adjunctive therapy to treat migraine and cluster headache through the utilization of a mild electrical stimulation to the vagus nerve that passes through the skin. Designed as a portable, easy-to-use technology, gammaCore can be self-administered by patients, as needed, without the potential side effects associated with commonly prescribed drugs. When placed on a patient’s neck over the vagus nerve, gammaCore stimulates the nerve’s afferent fibers, which may lead to a reduction of pain in patients.

gammaCore (nVNS) is FDA cleared in 
the United States for adjunctive use for the preventive treatment of cluster headache in adult patients, the acute treatment of pain associated with episodic cluster headache in adult patients, the acute and preventive treatment of migraine in adolescent (ages 12 and older) and adult patients, and the treatment of paroxysmal hemicrania and hemicrania continua in adults. gammaCore is CE-marked in the 
European Union for the acute and/or prophylactic treatment of primary headache (migraine, cluster headache, trigeminal autonomic cephalalgias and hemicrania continua) and medication overuse headache in adults.

gammaCore is contraindicated for patients if they:

  • Have an active implantable medical device, such as a pacemaker, hearing aid implant, or any implanted electronic device
  • Have a metallic device, such as a stent, bone plate, or bone screw, implanted at or near the neck
  • Are using another device at the same time (e.g., TENS Unit, muscle stimulator) or any portable electronic device (e.g., mobile phone)

Safety and efficacy of gammaCore have not been evaluated in the following patients:

  • Patients diagnosed with narrowing of the arteries (carotid atherosclerosis)
  • Patients who have had surgery to cut the vagus nerve in the neck (cervical vagotomy)
  • Pediatric patients (less than 12 years)
  • Pregnant women
  • Patients with clinically significant hypertension, hypotension, bradycardia, or tachycardia

Please refer to the gammaCore Instructions for Use for all of the important warnings and precautions before using or prescribing this product.

Forward-Looking Statements
This press release and other written and oral statements made by representatives of electroCore may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include, but are not limited to, statements about electroCore’s business prospects and clinical and product development plans; its pipeline or potential markets for its technologies; the timing, outcome and impact of regulatory, clinical and commercial developments; the availability and impact of payer coverage, the potential of nVNS generally and gammaCore in particular to treat Paroxysmal Hemicrania and Hemicrania Continua and related disorders and other statements that are not historical in nature, particularly those that utilize terminology such as “anticipates,” “will,” “expects,” “believes,” “intends,” other words of similar meaning, derivations of such words and the use of future dates. Actual results could differ from those projected in any forward-looking statements due to numerous factors. Such factors include, among others, the ability to raise the additional funding needed to continue to pursue electroCore’s business and product development plans, the inherent uncertainties associated with developing new products or technologies, the ability to commercialize gammaCore™, the potential impact and effects of COVID-19 on the business of electroCore, electroCore’s results of operations and financial performance, and any measures electroCore has and may take in response to COVID-19 and any expectations electroCore may have with respect thereto, competition in the industry in which electroCore operates and overall market conditions. Any forward-looking statements are made as of the date of this press release, and electroCore assumes no obligation to update the forward-looking statements or to update the reasons why actual results could differ from those projected in the forward-looking statements, except as required by law. Investors should consult all of the information set forth herein and should also refer to the risk factor disclosure set forth in the reports and other documents electroCore files with the 
SEC available at www.sec.gov.

 

Investors:
Rich CockrellCG Capital
404-736-3838
ecor@cg.capital

or

Media Contact:
Jackie Dorsky
electroCore
908-313-6331
Jackie.dorsky@electrocore.com

Release – Helius Medical Technologies Inc. Appoints Paul Buckman to its Board of Directors


Helius Medical Technologies, Inc. Appoints Paul Buckman to its Board of Directors

 

NEWTOWN, Pa., Sept. 14, 2021 (GLOBE NEWSWIRE) — Helius Medical Technologies, Inc. (Nasdaq:HSDT) (“Helius” or the “Company”), a neurotech company focused on neurological wellness, today announced the appointment of Paul Buckman to its Board of Directors, effective September 10, 2021. Mr. Buckman will serve as Chair of the Company’s Audit Committee and as a member of its Compensation and Nominating & Governance Committees.

“Paul is a highly accomplished executive with more than 30 years of experience in the medical device sector, including senior leadership positions at some of the most well-regarded companies in the industry,” said Blane Walter, Chairman of Helius’ Board of Directors. “I am pleased to welcome him to the Helius Board of Directors and look forward to his contributions as we pursue our next phase of growth and development.”

“I am excited to join the Helius Board of Direction at such an important stage in the Company’s history,” said Mr. Buckman. “I believe Helius is uniquely positioned in the market, with a novel and truly differentiated approach to treating underserved patients suffering from chronic, neurological conditions, leveraging its U.S. de novo classification and clearance for the treatment of patients with Multiple Sclerosis and the recent receipt of FDA Breakthrough Device Designation for stroke-induced gait and balance deficits. I look forward to working with my fellow Directors and the Helius leadership team as we build upon the Company’s recent progress and position it for long-term growth and value creation.”

Mr. Buckman is currently the President, North America for LivaNova, PLC (Nasdaq: LIVN), a global medical technology company that designs, develops, manufactures and sells innovative therapeutic solutions in the fields of neuromodulation and cardiovascular disease, a position he has held since 2017. In addition, he currently serves on the Board of Directors of several public and private medical device companies.

Prior to joining LivaNova, Mr. Buckman served as Chief Executive Officer of Conventus-Flower Orthopedics, a privately-held medical device company specializing in orthopedic and wound care products from September 2013 to March 2017. During the course of his 30+ year career in the medical device industry, Mr. Buckman has led numerous companies as the Chief Executive Officer of SentreHEART, Inc., Pathway Medical Technologies, Inc., Devax, Inc., ev3, LLC, and also served as President of the Cardiology division at both St. Jude Medical, Inc. and Boston Scientific Corporation.

Mr. Buckman received a B.B.A. and a M.B.A. from Western Michigan University in Kalamazoo, Michigan.

About Helius Medical Technologies, Inc.

Helius Medical Technologies is a neurotech company focused on neurological wellness. The Company’s purpose is to develop, license and acquire unique and non-invasive platform technologies that amplify the brain’s ability to heal itself. The Company’s first commercial product is the Portable Neuromodulation Stimulator (PoNS™). For more information, visit www.heliusmedical.com.

About the PoNS™ Device and PoNS Treatment™

The Portable Neuromodulation Stimulator (PoNS™) is an innovative non-surgical device, inclusive of a controller and mouthpiece, which delivers electrical stimulation to the surface of the tongue to provide treatment of gait deficit. The PoNS device is indicated for use in the United States as a short term treatment of gait deficit due to mild-to-moderate symptoms from multiple sclerosis (“MS”) and is to be used as an adjunct to a supervised therapeutic exercise program in patients 22 years of age and over by prescription only. It is authorized for sale in Canada as a class II, non-implantable, medical device intended as a short term treatment (14 weeks) of gait deficit due to mild and moderate symptoms from MS, and chronic balance deficit due to mild-to-moderate traumatic brain injury (“mmTBI”) and is to be used in conjunction with physical therapy. The PoNS™ is an investigational medical device in Australia (“AUS”) and is currently under premarket review by the AUS Therapeutic Goods Administration.

Investor Relations Contact:

Westwicke on behalf of Helius Medical Technologies, Inc.
Jack Powell, Vice President
investorrelations@heliusmedical.com

Cautionary Disclaimer Statement: 

Certain statements in this news release are not based on historical facts and constitute forward-looking statements or forward-looking information within the meaning of the U.S. Private Securities Litigation Reform Act of 1995 and Canadian securities laws. All statements other than statements of historical fact included in this news release are forward-looking statements that involve risks and uncertainties. Forward-looking statements are often identified by terms such as “believe,” “continue,” “will,” “goal,” “aim to” and similar expressions. Such forward-looking statements include, among others, statements regarding the Company’s future growth and operational progress, including its potential for long-term growth and value creation .

There can be no assurance that such statements will prove to be accurate and actual results and future events could differ materially from those expressed or implied by such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include uncertainties associated with the Company’s capital requirements to achieve its business objectives, the impact of the COVID-19 pandemic, the Company’s ability to train physical therapists in the supervision of the use of the PoNS Treatment, the Company’s ability to secure contracts with rehabilitation clinics, the Company’s ability to obtain national Medicare coverage and to obtain a reimbursement code so that the PoNS device is covered by Medicare and Medicaid, the Company’s ability to build internal commercial infrastructure, secure state distribution licenses, build a commercial team and build relationships with Key Opinion Leaders, neurology experts and neurorehabilitation centers, market awareness of the PoNS device, future clinical trials and the clinical development process, manufacturing and supply chain risks, potential changes to the MCIT program resulting from the 60-day deferral of the program implementation, the product development process and FDA regulatory submission review and approval process, other development activities, ongoing government regulation, and other risks detailed from time to time in the “Risk Factors” section of the Company’s Annual Report on Form 10-K for the year ended December 31, 2020, its Quarterly Report on Form 10-Q for the quarter ended June 30, 2021 and its other filings with the United States Securities and Exchange Commission and the Canadian securities regulators, which can be obtained from either at www.sec.gov or www.sedar.com.

The reader is cautioned not to place undue reliance on any forward-looking statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company assumes no obligation to update any forward-looking statement or to update the reasons why actual results could differ from such statements except to the extent required by law.

Virtual Roadshow with Seanergy Maritime Holdings (SHIP) CEO Stamatis Tsantanis and CFO Stavros Gyftakis


Seanergy CEO Stamatis Tsantanis and CFO Stavros Gyftakis make a formal corporate presentation. Afterwards, they are joined by Noble Capital Markets Senior Research Analyst Poe Fratt for a Q & A session.

Research, News, and Advanced Market Data on SHIP


Information on upcoming live virtual roadshows


Seanergy Maritime Holdings Corp. is the only pure-play Capesize ship-owner publicly listed in the US. Seanergy provides marine dry bulk transportation services through a modern fleet of Capesize vessels. Following the delivery of M/V Leadership to its new owners, the Company’s operating fleet will consist of 16 Capesize vessels with an average age of 11.5 years and aggregate cargo carrying capacity of approximately 2,829,630 dwt. The Company is incorporated in the Marshall Islands and has executive offices in Glyfada, Greece. The Company’s common shares trade on the Nasdaq Capital Market under the symbol “SHIP”, its Class A warrants under “SHIPW” and its Class B warrants under “SHIPZ”.

Motorsport Games (MSGM) – Stepping On The Gas To Accelerate Growth

Tuesday, September 14, 2021

Motorsport Games (MSGM)
Stepping On The Gas To Accelerate Growth

Motorsport Games, a Motorsport Network company, combines innovative and engaging video games with exciting esports competitions and content for racing fans and gamers around the globe. The Company is the officially licensed video game developer and publisher for iconic motorsport racing series including NASCAR, 24 Hours of Le Mans and the British Touring Car Championship (“BTCC”). Motorsport Games is an award-winning esports partner of choice for NASCAR, 24 Hours of Le Mans, Formula E, BTCC and the FIA World Rallycross Championship, among others. For more information about Motorsport Games visit: www.motorsportgames.com.

Michael Kupinski, Director of Research, Noble Capital Markets, Inc.

Andres Miranda Lopez, Research Associate, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Initiating coverage. We view the MSGM shares as an attractive content play in the gaming industry, with a company that has the prospect to have a leading position in the racing video game genre. The racing genre is among the largest in the gaming industry and the company has long term, exclusive rights to recognizable, motor sports brands such as NASCAR, BTCC, Indycar, and LeMans racing.

    Fast growing industry.  It is projected that there are 2.7 billion video gamers worldwide that spent $174.9 billion on video games in 2020, a number that is expected to increase above $200 billion by 2023. Racing games, in particular, rank among the top 10 genres and are among the most engaged by gamers …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

Great Lakes Dredge Dock (GLDD) – Large Low Bid Pending Award and 3Q2021 Awards Announced

Tuesday, September 14, 2021

Great Lakes Dredge & Dock (GLDD)
Large Low Bid Pending Award and 3Q2021 Awards Announced

Great Lakes Dredge & Dock Corp is a provider of dredging services in the United States. The company only’s operating segments is Dredging. Dredging involves the enhancement or preservation of navigability of waterways or the protection of shorelines through the removal or replenishment of soil, sand or rock. Its projects portfolio includes Coastal Restoration, Coastal Protection, Port expansion, and others.

Poe Fratt, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    New low bid pending award of $47.7 million for work on the Jersey shore moves potential 3Q2021 awards into the $308 million range. GLDD was recently low bidder on the Sandy Hook to Barnegat Inlet Beach Erosion Control Project Section II (W912DS21B0015) at $47.7 million, or $15.9 million below the other bid of $63.6 million submitted by Weeks Marine.

    Announced 3Q2021 awards currently in the $261 million range, but potential awards exceed $308 million.  Dredging market outlook remains solid and potential infrastructure spending creates a tailwind. Bidding has been active, and announced 3Q2021 awards of $261.3 million yesterday is positive. As highlighted above, GLDD was also low bidder on the Sandy Hook to Barnegat Inlet Beach erosion control …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

enCore Energy Corp. (ENCUF)(EU:CA) – We are raising our price target to reflect the Azarga acquisition

Tuesday, September 14, 2021

enCore Energy Corp. (ENCUF)(EU:CA)
We are raising our price target to reflect the Azarga acquisition

enCore Energy Corp together with its subsidiary, is engaged in the acquisition and exploration of resource properties. The company holds the Marquez project in New Mexico as well as the dominant land position in Arizona with additional other properties in Utah and Wyoming. The firm also owns or has access to North American and global uranium data including the Union Carbide, US Smelting and Refining, UV Industries, and Rancher’s Exploration databases in addition to a collection of geophysical data for the high-grade Northern Arizona Breccia Pipe District.

Michael Heim, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    We are raising our twelve-month price target on the shares of ENCUF. The increase in our price target reflects adjustments to our financial and valuation models to account for the proposed acquisition of Azarga Uranium. We see the acquisition as a transformative event for enCore that brings the company low cost uranium production that will fill a gap between enCore’s near-term Texas production and long-term New Mexico production. Our price target increase comes on the heels of recent strength in uranium prices.

    We have modeled in Azarga’s Dewey Burdock (2025) and Gas Hill (2026) projects.  Both projects are low-cost, high-return projects with ample resources and projected production capacity near 1 million annually. We assume the projects will operate at 25% capacity in year one rising to 75% by year three. Recent preliminary economic assessments estimate Dewy Burdock operating costs and royalties near …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision. 

What is the Sustainable Aviation Fuel Grand Challenge?


Image Credit: Polesie (Pexels)

The Sustainable Aviation Fuel Grand Challenge – The Plan and The Participants

 

The U.S. Department of Energy (DOE), U.S. Department of Transportation (DOT), and U.S. Department of Agriculture (USDA) are launching a government-wide Sustainable Aviation Fuel Grand Challenge (Grand Fuel Challenge). The purpose is to reduce the cost, enhance sustainability, and expand the use and production of sustainable aviation fuel (SAF). The challenge is to achieve a minimum of 50% in lifecycle greenhouse gases (GHG) over conventional aviation fuel. And to supply enough aviation fuel to meet 100% of all aviation fuel demand by 2050.

The Grand Challenge and increased production of SAF is intended to play a critical role in broader U.S. activity to reduce the aviation sector’s emissions consistent with net-zero emission for the economy. And for aviation to be fully decarbonized by 2050.

 

Wider Purpose

The activities driven by the Grand Challenge are intended to be an investment in America that reduces aviation’s environmental impact and supports energy independence while creating jobs in agriculture, forestry, infrastructure, research and development, and other production areas.

Who is Involved?

In a White House “Fact Sheet” released on September 9, many corporate citizens were named in addition to the above federal and public sector departments.  They have specifically committed, pledged, or announced they’d meet a 2030 goal of reducing current carbon emissions by half by 2030 and continue thereafter to advance sustainability across their operations.

  • United Airlines (UAL) announced a new goal to reduce its carbon emissions intensity 50% , compared to 2019, by 2035. United Airlines and Honeywell (HON) also announced a new multi-million-dollar investment in Alder Fuels to produce carbon-negative sustainable aviation fuel at scale. Under the agreement, Honeywell and Alder Fuels will jointly commercialize the technology that could demonstrate greater than 100% lifecycle GHG emissions reductions for aviation fuel. United Airlines has committed to purchasing 1.5 billion gallons of this new SAF over the next 20 years.
  • Delta Airlines (DAL) is committed to replacing 10% of its current jet fuel use with SAFs by 2030 and has agreements with three SAF producers, Neste, Gevo, and Northwest Advanced Bio-Fuels. Delta also recently announced a new SAF emissions pilot project with Chevron and Google to increase industry SAF transparency. 
  • American Airlines (AAL) plans to procure 10 million gallons of SAF from Prometheus Fuels by 2025 through a process that produces fuels from captured CO2 and renewable electricity.
  • Alaska Airlines (ALK) offers purchases of SAF to offset corporate travel on key routes and has agreements in place with SAF producers including SkyNRG Americas and Neste.
  • Southwest Airlines (LUV) is partnering with the National Renewable Energy Lab to develop and commercialize SAF.
  • JetBlue (JBLU) is committed to electric and hydrogen aircraft development in partnership with Joby Aviation and Universal Hydrogen.

In the category of air freight, the Cargo Airline Association (CAA) members are purchasing new, fuel-efficient aircraft, electrifying ground equipment, promoting and using SAF, and developing the use of electric short-haul cargo aircraft.

  • FedEx (FDX) is conserving fuel and improving the efficiency of aircraft through their FedEx Fuel Sense program while continuing to invest in the development of SAF.
  • Atlas Air (AAWW) is driving operating efficiencies with its FuelWise program, which works in conjunction with flight planning software to optimize speeds, altitudes, routes, and flight path segments.
  • Amazon AIR (AMZN) is investing in electro-fuels, hydrogen fuel cell aircraft, and electric vertical take-off and landing aircraft development. Amazon Air has purchased 6 million gallons of SAF
  • DHL Express (DPSGY) has pledged to use 30% SAF by 2030 and is partnering with other stakeholders on a demonstration project in Northern Kentucky to produce and supply SAF to the region.
  • UPS (UPS) is investing in efficient, electric vertical take-off and landing aircrafts for moving smaller loads.

 

Fuel Providers

Current levels of domestic SAF production are approximately 4.5 million gallons per year, with rapid growth in demand and production expected. Scaling up domestic SAF production will involve a wide variety of different feedstocks and pathways, and the industry will continue to explore a diverse set of options, including the potential to convert biofuels such as ethanol into jet fuel. To help achieve the 2030 goals, several fuel providers have announced domestic SAF production targets.

  • Gevo (GEVO) plans to produce over 150 million gallons of SAF per year by 2025 from crop residue to ethanol by Alcohol-to-jet processing.
  • LanzaJet (owned by Royal Dutch Shell) plans to produce 1 billion gallons of SAF per year 2030 from ethanol derived from waste sources by Alcohol-to-Jet processing.
  • World Energy (XWES) plans to produce 150 million gallons of SAF per year by 2024 from fats, oils, and greases by hydroprocessing.
  • Fulcrum plans to produce more than 33 million gallons of SAF per year by 2022 from MSW processed by Fischer-Tropsch processing.
  • Velocys plans to produce 300 million gallons of blended SAF per year from waste woody biomass and MSW processed by the Fischer-Tropsch process.
  • New announcements of potential SAF production scale-up include those from BP, Virent, Honeywell, Shell, Neste, Marquis, Green Plains Inc., ADM, Prometheus, Aemetis, and members of the Renewable Fuels Association and members of Growth Energy.

 

Airports Operational Efficiency Improvements

Many airports are committed to sustainable operations. The members of Airports Council International-North America (ACI-NA) have been commited to reach net-zero carbon emissions by 2050 since May.
SAF is already commercially available and regularly used on passenger flights at Los Angeles, CA (LAX) and San Francisco, CA (SFO); and several airports are pursuing the infrastructure required to enable SAF deliveries in the future. Many airports are pursuing operational efficiency and emissions reduction efforts, they include the following. 

  • Indianapolis, IN has one of the largest solar farms on any airport property in the world, in addition to being a leader in electric airport shuttle bus fleets.
  • Philadelphia, PA has established comprehensive air quality initiatives and launched a series of energy efficiency and benchmarking initiatives that include terminal facilities and ground support equipment.
  • Salt Lake City, UT generates 7 percent of its energy from renewable sources, including on-site solar.
  • San Diego, CA (SAN) is the first U.S. airport to establish a regular sustainability report in order to measure progress on a range of environmental goals.
  • Dallas-Fort Worth, TX has set a goal of achieving Net Zero Carbon by 2030.
  • A number of U.S. airports have individual road maps to achieve net-zero emissions and are actively participating in the Airport Carbon Accreditation certification program.


Take-Away

As part of the U.S. government’s commitment to substantially reduce overall carbon emissions by promoting SAF and greener airports, there is collaboration of the DOT, DOE, and USDA. The aviation industry is also getting on board with firm commitments and promises.

Some of the companies involved are large. Many of these large companies will benefit from the groundwork already done by smaller companies in the biofuels space as well as other alternative fuels. As always, where there is change, there is opportunity. Many high potential opportunities exist for small and microcap alternative fuel companies. You can explore many of these opportunities through the information provided here on Channelchek.

 

Suggested Reading:



Finding Replacements for Petroleum-Based Chemicals



Biofuels, Biodiversity, and Climate Change





Is Biden Tightening the Reins on Large Companies



The Future of Electric Vehicles

 

Sources:

https://www.whitehouse.gov/briefing-room/statements-releases/2021/09/09/fact-sheet-biden-administration-advances-the-future-of-sustainable-fuels-in-american-aviation/

https://www.energy.gov/sites/default/files/2021-09/S1-Signed-SAF-MOU-9-08-21.pdf

 

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The SpaceX Inspiration4 Will Bring Space Tourism Close to Reality


Image Credit: John Krauss (Flickr)

SpaceX’s Inspiration4 Mission Will Send 4 People with Minimal Training into Orbit – and Bring Space Tourism Closer to Reality

 

Why Inspiration4 is Different

The biggest difference between Inspiration4 and the flights performed earlier this year is the destination.

Blue Origin and Virgin Galactic took – and in the future, will take – their passengers on suborbital launches. Their vehicles only go high enough to reach the beginning of space before returning to the ground a few minutes later. SpaceX’s Falcon 9 rocket and crew Dragon vehicle, however, are powerful enough to take the Inspiration4 crew all the way into orbit, where they will circle the Earth for three days.

The four-person crew is also quite different from the other launches. Led by Isaacman, the mission features a somewhat diverse group of people. One crew member, Sian Proctor, won a contest among people who use Isaacman’s online payment company. Another unique aspect of the mission is that one of its goals is to raise awareness of and funds for St. Jude Children’s Research Hospital. As such, Isaacman selected Hayley Arceneaux, a physician’s assistant at St. Jude and childhood cancer survivor, to participate in the launch. The final member, Christopher Sembroski, won his seat when his friend was chosen in a charity raffle for St. Jude and offered his seat to Sembroski.

Because none of the four participants has any prior formal astronaut training, the flight has been called the first “all civilian” space mission. While the rocket and crew capsule are both fully automated – no one on board will need to control any part of the launch or landing – the four members still needed to go through much more training than the people on the suborbital flights. In less than six months, the crew has undergone hours of simulator training, lessons in flying a jet aircraft and spent time in a centrifuge to prepare them for the G-forces of launch.

Social outreach has also been an important aspect of the mission. While Bezos’ and Branson’s flights brought on criticism of billionaire playboys in space, Inspiration4 has tried – with mixed results – to make space tourism more relatable. The crew recently appeared on the cover of Time magazine and is the subject of an ongoing Netflix documentary.

There have also been other fundraising events for St. Jude, including a 4-mile virtual run and the planned auction of beer hops that will be flown on the mission.

 

The Inspiration4 mission is a step toward giving more people access to views like this – the aurora borealis seen from the International Space Station. NASA

 

The Future of Space Tourism?

Sending a crew of amateur astronauts into orbit is a significant step in the development of space tourism. However, despite the more inclusive feel of the mission, there are still serious barriers to overcome before average people can go to space.

For one, the cost remains quite high. Though three of the four are not rich, Isaacman is a billionaire and paid an estimated $200 million to fund the trip. The need to train for a mission like this also means that prospective passengers must be able to devote significant amounts of time to prepare – time that many ordinary people don’t have.

Finally, space remains a dangerous place, and there will never be a way to fully remove the danger of launching people – whether untrained civilians or seasoned professional astronauts – into space.

 

This article was republished with permission from  
The Conversation, a news site dedicated to sharing ideas from academic experts. It represents the research-based findings and thoughts of 
Wendy Whitman Cobb Professor of Strategy and Security Studies, US Air Force School of Advanced Air and Space Studies.

 

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Space as a Lucrative Investment Space



Capitalizing on the New Space Race





Do Only Good, Guiding Purpose of Doge Manifesto



Why are the Feds Investigating Tesla’s Autopilot?

 

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Release – White House Coordinates Efforts of Departments of Energy Transportation and Agriculture to Meet the Grand Challenge


White House Coordinates Efforts of Departments of Energy, Transportation, and Agriculture to Meet the Grand Challenge: Reduce Aviation Carbon Footprint by 50 Percent by 2050

 

ENGLEWOOD, Colo., Sept. 13, 2021 (GLOBE NEWSWIRE) — Gevo, Inc. (NASDAQ: GEVO) is pleased to share the news that the U.S. Department of Energy (DOE), the U.S. Department of Transportation (DOT), and the U.S. Department of Agriculture (USDA) entered into memorandum of understanding (MOU) outlining the Sustainable Aviation Fuel Grand Challenge (the Grand Challenge). The Grand Challenge spells out action steps to reduce the cost, enhance the sustainability, and expand the production and use of Sustainable Aviation Fuel (SAF) that achieves a minimum of a 50 percent reduction in lifecycle greenhouse gas (GHG) compared to conventional fuel to meet a goal of supplying sufficient SAF to meet 100 percent of aviation fuel demand by 2050.

Secretary Jennifer M. Granholm of the DOE, Secretary Pete Buttigieg of the DOT, and Secretary Tom Vilsack of the USDA, along with NASA Administrator Bill Nelson and the Department of Defense represented by Secretary Frank Kendall III of the Air Force, all participated in the roundtable to discuss the details of the Grand Challenge. The MOU states that, “increased production of SAF will play a critical role in a broader set of actions by the United States Government and the private sector to reduce the aviation sector’s emissions in a manner consistent with the goal of net­zero emissions for our economy, and to put the aviation sector on a pathway to full decarbonization by 2050. In recognition of the critical role that drop-in synthesized hydrocarbon fuels from waste streams, renewable energy sources, or gaseous carbon oxides—or SAF—will play in addressing our climate change crisis and its role for jobs and the economy, the Parties undertake this MOU to ensure the highest level of collaboration and coordination across our Agencies.”

Dr. Patrick Gruber, chief executive officer of Gevo, shared his thoughts at a virtual White House Roundtable to discuss the future of SAF, along with other industry leaders. As a near-term goal, government and aviation stakeholders pledged to try to achieve 3 billion gallons of SAF production and reduce aviation-related emissions by 20 percent by 2030.

“This is an exciting time for our industry,” Gruber said. “We are both honored and thankful to have been included in this collaborative event. Through Gevo’s current off-take agreements with Delta Airlines, Trafigura, Haltermann Carless, Air Total, and SAS, as well as the proposed collaboration with Chevron, we are ready to take on the Grand Challenge, and are already approaching a potential combined off-take of 250 million gallons per year of advanced hydrocarbon products, which include SAF.”

According to the MOU, “The activities underlying this MOU represent an investment in America that not only reduces our environmental impact, but also supports energy independence and creates jobs in agriculture, forestry, infrastructure, research and development and other areas where America already excels at production. This MOU also supports a just transition of the energy industry to a low carbon future. Environmental responsibility, equity and economic sensibility go hand in hand with this effort.”

“The Grand Challenge is a roadmap to a future that allows transportation growth to continue while flattening related carbon emissions,” says Gruber. “It’s only through this type of cross-discipline effort that the effects are multiplied. Our Net-Zero 1 Project is expected to be the first of its kind to be convert renewable energy into SAF and other energy-dense, liquid hydrocarbons and we don’t expect to stop there. Our vision is to reach a billion gallons by 2030, which will require additional facilities with the potential to achieve net-zero GHG emissions across the lifecycle of the fuel.”

For agricultural based feedstocks, Gevo believes in working with farmers as partners, to encourage sustainable farming and regenerative agriculture and were delighted to hear Secretary Vilsack’s thoughts about agriculture. Secretary Vilsack said during the event, “USDA and American agriculture will make sustainable aviation possible in concert with our federal and industry partners and their stakeholders. We can expand our ability to power the nation’s aviation sector with fuel grown right here at home by hard-working Americans, while creating economic opportunity for American farmers, business owners and rural communities. Participating in SAF supply chains is also a big win for the aviation business, consumers and the planet.”

In addition to Gevo’s approach to utilizing sustainable field corn as a feedstock for producing SAF and renewable gasoline, Gevo also believes in the technology to utilize cellulosic feedstock, such as wood residues.

Gevo believes that the U.S. Department of Energy’s (DOE) Argonne National Laboratory model utilizes the most up to date, scientific carbon accounting. Argonne GREET is the premier science-based life cycle inventory model for determining GHGs and other sustainability attributes across the life cycle of a fuel. Gevo believes that by rewarding farmers to improve their agricultural practices, by capturing carbon, by reducing run-off, and by producing large amounts of protein, Gevo can address several problems at once. Gevo believes it is possible to make this world a better place, with better nutrition, while eliminating fossil based GHGs.

A link to the White House fact sheet can be found here .

About Gevo

Gevo’s mission is to transform renewable energy and carbon into energy-dense liquid hydrocarbons. These liquid hydrocarbons can be used for drop-in transportation fuels such as gasoline, jet fuel and diesel fuel, that when burned have potential to yield net-zero greenhouse gas emissions when measured across the full life cycle of the products. Gevo uses low-carbon renewable resource-based carbohydrates as raw materials, and is in an advanced state of developing renewable electricity and renewable natural gas for use in production processes, resulting in low-carbon fuels with substantially reduced carbon intensity (the level of greenhouse gas emissions compared to standard petroleum fossil-based fuels across their life cycle). Gevo’s products perform as well or better than traditional fossil-based fuels in infrastructure and engines, but with substantially reduced greenhouse gas emissions. In addition to addressing the problems of fuels, Gevo’s technology also enables certain plastics, such as polyester, to be made with more sustainable ingredients. Gevo’s ability to penetrate the growing low-carbon fuels market depends on the price of oil and the value of abating carbon emissions that would otherwise increase greenhouse gas emissions. Gevo believes that its proven, patented technology enabling the use of a variety of low-carbon sustainable feedstocks to produce price-competitive low-carbon products such as gasoline components, jet fuel and diesel fuel yields the potential to generate project and corporate returns that justify the build-out of a multi-billion-dollar business.

Gevo believes that the Argonne National Laboratory GREET model is the best available standard of scientific-based measurement for life cycle inventory or LCI.

Learn more at Gevo’s website: www.gevo.com

Forward-Looking Statements

Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements relate to a variety of matters, without limitation, including Gevo’s technology, the White House fact sheet and virtual roundtable, the production of SAF, the attributes of Gevo’s products, and other statements that are not purely statements of historical fact. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Gevo and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Gevo undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Gevo believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Gevo in general, see the risk disclosures in the Annual Report on Form 10-K of Gevo for the year ended December 31, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the U.S. Securities and Exchange Commission by Gevo.

Investor and Media Contact

+1 720-647-9605

IR@gevo.com

Release – Esports Entertainment Group Opens New Jersey Office Expands Hiring Ahead of Vie Launch

 


Esports Entertainment Group Opens New Jersey Office; Expands Hiring Ahead of Vie Launch

 

Hoboken, New Jersey–(Newsfile Corp. – September 13, 2021) – Esports Entertainment Group, Inc. (NASDAQ: GMBL) (NASDAQ: GMBLW) (or the “Company”), an esports entertainment and online gambling company, is pleased to announce the opening of its new office in Hoboken, New Jersey in preparation for the issuance of its New Jersey gaming license. In addition to the new office, which opened September 1st, the Company is also expanding its US workforce and has named CFO Dan Marks as Head of Office, in accordance with DGE requirements.

“We are in final preparations for our launch into the New Jersey market,” said Grant Johnson, CEO of Esports Entertainment Group. “Our application was formally accepted by the New Jersey Division of Gaming Enforcement (DGE) in May, and we are now awaiting approval of our Transactional Waiver, which we expect to receive shortly. Once the Transactional Waiver is approved, we can begin taking live bets in the state.”

New Jersey won a U.S. Supreme Court case in 2018 allowing all 50 states to offer legal sports betting should they so choose. It quickly dominated the East Coast market and challenged Nevada for the national lead. With a solid regulatory framework based on player protection, business stability, and growth, the New Jersey gaming industry has enjoyed exceptional growth in recent years.

The total sports betting handle in New Jersey topped $6 billion in 2020, up 31% over the $4.5 billion total handle generated in 2019.

“Securing access to what is currently the largest market for sports betting in the US is very exciting and will provide a strong advantage as we look to expand into additional markets in the US moving forward,” added Marks. “According to a study from data firm Interpret, over 50% of US esports fans said they are likely to engage in esports betting so we are confident that demand will be strong. We are ready to move quickly with our esports-focused wagering platform rollout once the DGE permits us to do so, which we expect in the near term.”

About Esports Entertainment Group

Esports Entertainment Group is a full stack esports and online gambling company fueled by the growth of video-gaming and the ascendance of esports with new generations. Our mission is to help connect the world at large with the future of sports entertainment in unique and enriching ways that bring fans and gamers together. Esports Entertainment Group and its affiliates are well-poised to help fans and players to stay connected and involved with their favorite esports. From traditional sports partnerships with professional NFL/NHL/NBA/FIFA teams, community-focused tournaments in a wide range of esports, and boots-on-the-ground LAN cafes, EEG has influence over the full-spectrum of esports and gaming at all levels. The Company maintains offices in New Jersey, the UK and Malta. For more information visit www.esportsentertainmentgroup.com.

FORWARD-LOOKING STATEMENTS

The information contained herein includes forward-looking statements. These statements relate to future events or to our future financial performance, and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance, or achievements to be materially different from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. You should not place undue reliance on forward-looking statements since they involve known and unknown risks, uncertainties and other factors which are, in some cases, beyond our control and which could, and likely will, materially affect actual results, levels of activity, performance or achievements. Any forward-looking statement reflects our current views with respect to future events and is subject to these and other risks, uncertainties and assumptions relating to our operations, results of operations, growth strategy and liquidity. We assume no obligation to publicly update or revise these forward-looking statements for any reason, or to update the reasons actual results could differ materially from those anticipated in these forward-looking statements, even if new information becomes available in the future. The safe harbor for forward-looking statements contained in the Securities Litigation Reform Act of 1995 protects companies from liability for their forward-looking statements if they comply with the requirements of the Act.

Contact:
U.S. Investor Relations
RedChip Companies, Inc.
Dave Gentry
407-491-4498
dave@redchip.com

Media Inquiries
brandon.apter@esportsentertainmentgroup.com

Investor Relations Inquiries
Jeff@esportsentertainmentgroup.com

Release – Kratos Receives $338 Million Sole Source Contract Award for Target Drones from U.S. Air Force


Kratos Receives $338 Million Sole Source Contract Award for Target Drones from U.S. Air Force

 

SAN DIEGO
Sept. 13, 2021 (GLOBE NEWSWIRE) — 
Kratos Defense & Security Solutions, Inc. (NASDAQ: KTOS), a leading National Security Solutions provider, announced today that 
Kratos Unmanned Aerial Systems has been awarded a 
$338,071,466 Firm Fixed-Price, Cost-Plus-Fixed-Fee, and Time-and-Material contract for BQM-167A Air Force Subscale Aerial Target (AFSAT) lots 17-21 production, out-of-warranty-repairs (OWR), and contractor logistics support (CLS). Work will be performed at a Kratos manufacturing facility. At the time of award funds in the amount of 
$30,499,362 were obligated. Air Force Life Cycle Management Center, 
Eglin Air Force Base
Florida, is the contracting activity.

Steve Fendley, President of Kratos Unmanned Systems Division, said, “This five-year contract represents a milestone in our target system business and reduces the administrative burden on both the USAF and Kratos by enabling multiple years of target delivery and support to be combined into a single contract – smart and efficient business. It also enables Kratos and the USAF to place even more focus on our ultimate mission, which is high performance threat representation for training and defensive system development. We have shared a great partnership and team approach with the USAF throughout our nearly 20 years of working together on target systems. We are excited that our system maturity warrants and enables the long-term contract, and proud that the USAF has this confidence in our target systems and personnel.”

Eric DeMarco, President and CEO of Kratos Defense and Security Solutions, said, “Our entire organization is focused on providing affordable, disruptive and technology-leading products and systems to support Unites States National Security. We anticipate the award of multiple strategic contracts during the second half of this year.”

About Kratos Defense & Security Solutions

Kratos Defense & Security Solutions, Inc. (NASDAQ:KTOS) develops and fields transformative, affordable technology, platforms and systems for United States National Security related customers, allies and commercial enterprises. Kratos is changing the way breakthrough technology for these industries are rapidly brought to market through proven commercial and venture capital backed approaches, including proactive research and streamlined development processes. At Kratos, affordability is a technology and we specialize in unmanned systems, satellite communications, cyber security/warfare, microwave electronics, missile defense, hypersonic systems, training, combat systems and next generation turbo jet and turbo fan engine development. For more information go to www.KratosDefense.com.

Notice Regarding Forward-Looking Statements
Certain statements in this press release may constitute “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements are made on the basis of the current beliefs, expectations and assumptions of the management of Kratos and are subject to significant risks and uncertainty. Investors are cautioned not to place undue reliance on any such forward-looking statements. All such forward-looking statements speak only as of the date they are made, and Kratos undertakes no obligation to update or revise these statements, whether as a result of new information, future events or otherwise. Although Kratos believes that the expectations reflected in these forward-looking statements are reasonable, these statements involve many risks and uncertainties that may cause actual results to differ materially from what may be expressed or implied in these forward-looking statements. For a further discussion of risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of Kratos in general, see the risk disclosures in the Annual Report on Form 10-K of Kratos for the year ended 
December 30, 2020, and in subsequent reports on Forms 10-Q and 8-K and other filings made with the 
SEC by Kratos.

Press Contact:
Yolanda White
858-812-7302 Direct

Investor Information:
877-934-4687
investor@kratosdefense.com

Source: Kratos Defense & Security Solutions, Inc.

Release – Aurania Refines Tatasham Target In Preparation For Drilling


Aurania Refines Tatasham Target In Preparation For Drilling

 

Toronto, Ontario, September 13, 2021 – Aurania Resources Ltd. (TSXV: ARU) (OTCQB: AUIAF) (Frankfurt: 20Q) (“Aurania” or the “Company”) reports on geophysical modelling that has refined the shape of the Tatasham target, a feature that has characteristics of a porphyry, a deposit type that contains over half of the world’s copper resources.  Tatasham is located near the western margin of the Company’s Lost Cities – Cutucu Project area (“Project”) in southeastern Ecuador.

Aurania’s Chairman & CEO, Dr. Keith Barron commented, “Tatasham is the largest geophysical feature identified in the airborne magnetic survey that we carried out over the whole concession area in 2017.  We subsequently covered the target area in the MobileMT survey completed earlier this year.  We believe that our geophysical inversion contractors have made a breakthrough in the inversion of MobileMT geophysical data acquired in mountainous areas like the Project area.  The 3D inverted MobileMT and magnetic data define a magnetic core that is approximately 3 kilometres in diameter that could be the central part of a porphyry which is partially enclosed by a conductive zone that could be due to the presence of sulphides – which is where most of the mineralization is located in copper porphyries.  Now that the target shape has been refined by remodelling of the geophysical data, we’re doing some final field-checking and are preparing to drill Tatasham this year in Q4.”   

To watch Keith Barron’s presentation from the 2021 Precious Metals Summit Beaver Creek, held September 8-11, 2021, please click here.  Please note that registration is required in order to view the replay of the webcast presentation.

An early description of the Tatasham target can be found in a video (starting at minute mark 1:10) on our website entitled “Metron Probability Update Part III – Making Sense of our Magnetic Data”.

Tatasham Target

The core of the Tatasham target is a magnetic cylinder 3km-4km in diameter that is partially enclosed by a conductive zone derived from a totally different dataset – MobileMT (Figure 1).  This geophysical model is consistent with a magnetic porphyry at the centre with an adjacent sulphide-bearing conductive zone – where mineralization is typically located.

Drilling is planned for Q4, 2021.  Details of the drilling, in terms of metreage and number of planned holes, will be announced in due course.

Details of the Geophysical Modelling

Original processing of magnetic data from the 2017 geophysical survey showed the Tatasham magnetic feature (negative reduction to the pole) having a diameter of over 10km – the largest in the Project area.  Refined processing of the magnetic data by three-dimensional magnetic vector inversion has resulted in a better-defined, smaller magnetic feature that is 3km-4km in diameter.   In addition, three-dimensional inversion of MobileMT data has refined the location of conductive areas that are consistent with geological data.

Modelling of the magnetic and MobileMT data was carried out by Geotexera Inc. of St. John’s, Newfoundland, Canada.

Figure 1.  Images of combined 3D magnetic vector inversion (grey body) with the 3D inversion of MobileMT data.


Qualified Person

The geological information contained in this news release has been verified and approved by Jean-Paul Pallier, MSc.  Mr. Pallier is a designated EurGeol by the European Federation of Geologists and a Qualified Person as defined by National Instrument 43-101, Standards of Disclosure for Mineral Projects of the Canadian Securities Administrators.

 

About Aurania

Aurania is a mineral exploration company engaged in the identification, evaluation, acquisition and exploration of mineral property interests, with a focus on precious metals and copper in South America.  Its flagship asset, The Lost Cities – Cutucu Project, is located in the Jurassic Metallogenic Belt in the eastern foothills of the Andes mountain range of southeastern Ecuador.

Information on Aurania and technical reports are available at www.aurania.com and www.sedar.com, as well as on Facebook at https://www.facebook.com/auranialtd/, Twitter at  https://twitter.com/auranialtd, and LinkedIn at https://www.linkedin.com/company/aurania-resources-ltd-.

For further information, please contact:

Carolyn Muir

VP Investor Relations

Aurania Resources Ltd.

(416) 367-3200

carolyn.muir@aurania.com

Dr. Richard Spencer

President

Aurania Resources Ltd.

(416) 367-3200

richard.spencer@aurania.com

Neither the TSX Venture Exchange nor its Regulation Services Provider (as that term is defined in the policies of the TSX Venture Exchange) accepts responsibility for the adequacy or accuracy of this release.

Forward-Looking Statements

This news release may contain forward-looking information that involves substantial known and unknown risks and uncertainties, most of which are beyond the control of Aurania. Forward-looking statements include estimates and statements that describe Aurania’s future plans, objectives or goals, including words to the effect that Aurania or its management expects a stated condition or result to occur. Forward-looking statements may be identified by such terms as “believes”, “anticipates”, “expects”, “estimates”, “may”, “could”, “would”, “will”, or “plan”. Since forward-looking statements are based on assumptions and address future events and conditions, by their very nature they involve inherent risks and uncertainties. Although these statements are based on information currently available to Aurania, Aurania provides no assurance that actual results will meet management’s expectations. Risks, uncertainties and other factors involved with forward-looking information could cause actual events, results, performance, prospects and opportunities to differ materially from those expressed or implied by such forward-looking information. Forward looking information in this news release includes, but is not limited to Aurania’s objectives, goals or future plans, statements, exploration results, potential mineralization, the corporation’s portfolio, treasury, management team and enhanced capital markets profile, the estimation of mineral resources, exploration, timing of the commencement of operations and estimates of market conditions. Factors that could cause actual results to differ materially from such forward-looking information include, but are not limited to, failure to identify mineral resources, failure to convert estimated mineral resources to reserves, the inability to complete a feasibility study which recommends a production decision, the preliminary nature of metallurgical test results, delays in obtaining or failures to obtain required governmental, regulatory, environmental or other project approvals, political risks, inability to fulfill the duty to accommodate indigenous peoples, uncertainties relating to the availability and costs of financing needed in the future, changes in equity markets, inflation, changes in exchange rates, fluctuations in commodity prices, delays in the development of projects, capital and operating costs varying significantly from estimates and the other risks involved in the mineral exploration and development industry, the effects of COVID-19 on the business of the Company including but not limited to the effects of COVID-19 on the price of commodities, capital market conditions, restrictions on labour and international travel and supply chains, and those risks set out in Aurania’s public documents filed on SEDAR. Although Aurania believes that the assumptions and factors used in preparing the forward-looking information in this news release are reasonable, undue reliance should not be placed on such information, which only applies as of the date of this news release, and no assurance can be given that such events will occur in the disclosed time frames or at all. Aurania disclaims any intention or obligation to update or revise any forward-looking information, whether as a result of new information, future events or otherwise, other than as required by law.

PDS Biotechnology Corp (PDSB) – Clinical Milestone Reached – Raising Price Target

Monday, September 13, 2021

PDS Biotechnology Corp (PDSB)
Clinical Milestone Reached – Raising Price Target

PDS Biotechnology Corp operates as a clinical stage biotechnology company, principally involved in drug discovery in the United States. It is primarily engaged in the treatment of various early-stage and late-stage cancers, including head and neck cancer, prostate cancer, breast cancer, cervical cancer, anal cancer, and other cancers. Its products are based on the proprietary Versamune platform technology, which activates and directs the human immune system to unleash a powerful and targeted attack against cancer cells.

Robert LeBoyer, Senior Research Analyst, Noble Capital Markets, Inc.

Refer to the full report for the price target, fundamental analysis, and rating.

    Raising Our Price Target.  PDS Biotech announced that it has completed enrollment of the safety cohort in the Phase 2 VERSATILE-002 study. This is one of the clinical milestones we had expected in 2H21. We believe this shows development progress as well as proof-of-concept for the Versamune technology platform. We are raising our price target.

    VERSATILE-002 Study Design. The Phase 2 VERSATILE-002 study is testing PDS0101 with the checkpoint inhibitor Keytruda (pembrolizumab, from Merck, MRK, $73.45, Not Rated).  It is an open-label, single-arm trial testing the combination of PDS0101 with Keytruda against Keytruda alone in patients with advanced human papilloma virus-16-associated (HPV-16) head and neck cancer that has recurred or …



This Company Sponsored Research is provided by Noble Capital Markets, Inc., a FINRA and S.E.C. registered broker-dealer (B/D).

*Analyst certification and important disclosures included in the full report. NOTE: investment decisions should not be based upon the content of this research summary.  Proper due diligence is required before making any investment decision.