Category Archives: Technology

TECNO's "sunlight drawing" technology more formally known as polychromatic photoisomer technology is a process that breaks through the technical limitations of single-color or dual-color discoloration, and inspired by the impressionist works of Mondrian, enabling the phone's shell to follow geometrical patterns of color change in the sun.

"We've taken everything our users love about CAMON series great camera, stylish look and super thin bezel - and created a smartphone experience that delivers a truly one-of-a-kind aesthetic never before seen on a mobile device," said Lucia Liu, Chief Brand Officer, TECNO. "Today, with the continuous development of the consumer experience economy, art and commercial products are now intertwined. We are so excited to partner with Boston MFA on Mondrian to reinforce our commitment to innovation both in the arts and in tech."

A Unique Partnership Formed From Artistic Inspiration

TECNO and Museum of Fine Arts, Boston have joined to bring the unique vision of Piet Mondrian - the Dutch pioneer of abstract art best known for his bold and colorful block paintings - to a new format that is accessible to consumers in a way not previously explored

"Technology as a canvas is a medium we've been exploring for years, with the hope that we can - with the help of TECNO - bring our renown collections to a broader audience," said Debra LaKind, Senior Director, Intellectual Property & Business Development at MFA. "It's incredible to see the work of Piet Mondrian serve as inspiration for a completely new kind of smartphone design, one that embraces the true sentiment of abstract art brought to life through technology."

The Mondrian Edition is launched on the heels of the CAMON 19 Pro, with the same key features, including:

TECNO TWS SONIC 1:

TECNO SONIC 1 earbuds are another key product in TECNO CAMON 19 Pro Mondrian Edition Gift Set, for users who are pursuing valuable products that combine fashion look and elegance with the industry's most advanced technology. TECNO Sonic 1 applied the cutting-edge battery technology to to support double battery life with 50 hours ultra-long lasting battery life compared to competitors. Meanwhile, advanced magnetic absorption technology enables free switching between in-ear and half-in-ear wearing modes, to meet the needs in different scenarios, and ensure the comfort for long-lasting usage.

Pricing & Availability

The CAMON 19 Pro Mondrian Edition(Gift Set), CAMON 19 Pro and other models from the CAMON 19 series are expected to be broadly available in July across global regions including Africa, Latin America, the Middle East, Southeast Asia, and Southern Asia. Pricing varies by region.

About TECNO

TECNO is a premium smartphone and AIoT devices brand operating in over 70 markets globally. With "Stop At Nothing" as itsbrand essence, TECNO is committed to unlocking the best contemporary technologies for progressive individuals across global emerging markets, giving them stylishly designed intelligent products that inspires consumers to uncover a world of possibilities. TECNO understands the needs of consumers from different markets and provides them with localized innovations and design breakthroughs demonstrated through their mastery of serving consumers who are "young at heart" and never stops pursuing excellence. TECNO's portfolio spans across smartphones, smart wearables and AIoT devices. For more information, please visit: http://www.tecno-mobile.com.

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Technology Meets Artistry in the New TECNO CAMON 19 Pro Mondrian Edition - PR Newswire

First-ever application of vertical location data through an IoT-enabled connected workers solution

MCLEAN, Va., July 7, 2022 /PRNewswire/ --NextNav,a leader in next generation GPS, has partnered with VOS Systems to bring vertical location capabilities to its CoRe product line through NextNav's Pinnacle service. Together, the two companies will spearhead the first connected worker solution to have vertical location capabilities, providing increased employee safety, improving workplace efficiency, and allowing for faster emergency response to affected workers.

The addition of vertical location services through NextNav enhances VOS Systems' offerings without requiring additional localized or on-premise infrastructure and provides important location intelligence in multistory buildings and locations, even in areas without WiFi or internet access like construction sites. In industries like construction, vertical location capabilities provide information such as what floor a worker is on that can be critical in emergency situations and would otherwise be unavailable with traditional 2D location lone worker safety systems.

VOS Systems empowers businesses with internet of things (IoT) solutions designed to improve employee safety and increase workplace efficiency. Its technology provides location data on lone workers, including construction workers, warehouse employees, and school staff, which is critical in emergency situations and can be used to help businesses make decisions on staffing, safety, and privacy. CoRe, VOS Systems' all-encompassing platform that connects people, equipment and tools using 5G enabled wearables and sensors designed for construction and other complex environments, will integrate NextNav's Pinnacle service, adding vertical location data for enhanced monitoring of workers.

"At NextNav, we're enhancing location data to the three-dimensional world we live in," said Dan Hight, Vice President of Business Development and Partnerships at NextNav. "By bringing our Pinnacle service to VOS Systems' technology, we're helping businesses understand what floor their workers are on, improving safety and communication. Together, we're setting a path forward for a safer and more efficient workplace for personnel across several industries from construction to education."

"We design our solutions to be ultra-scalable without the need for complicated on-site infrastructure or the need to encroach on people's cellphones. And central to our offering is safety. We understand the immediate need for vertical location to improve lone worker safety," said Omar Ghazzaoui, founder and CEO of VOS Systems. "Many lone workers work in multi-story buildings, and this implementation will allow our customers to have precise vertical location data on their whereabouts in the event of an emergency. This technology will allow us to improve emergency response and, ultimately, save lives."

Source: NN-FIN

About NextNavNextNav Inc. (Nasdaq: NN) is a leader in next generation GPS, enabling a whole new ecosystem of applications and services that rely upon vertical location and resilient geolocation technology. The company's Pinnacle network delivers highly accurate vertical positioning to transform location services, reflecting the 3D world around us and supporting innovative, new capabilities. NextNav's TerraPoiNT network delivers accurate, reliable, and resilient 3D positioning, navigation and timing (PNT) services to support critical infrastructure and other GPS-reliant systems in the absence or failure of GPS.For more information, please visit https://nextnav.com/ or follow NextNav on Twitter or LinkedIn.

About VOS SystemsVOS Systems is breaking new ground with revolutionary 5G-enabled solutions to solve industry challenges by improving safety and security, maximizing ROI, reducing losses, and connecting you to what's important. Our flagship platform, CoRe, enables the real-time flow of data from people, equipment, tools, and assets into one user-friendly platform for reliable insights and data-driven results. We also design, manufacture, and support a variety of ultra-scalable 5g-enabled solutions in partnership with industry experts worldwide. VOS Systems is proud of its commitment to create and manufacture all our hardware and firmware in the USA. The company is privately held with offices in Gainesville, FL and Dallas TX. For more information, please visit http://vosiq.com or follow VOS Systems on LinkedIn.

ContactNextNav: [emailprotected]VOS: [emailprotected]; (855) 631-6541

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NextNav, VOS Systems Partner to Bring Vertical Location Technology to Worker Safety and Jobsite Analytics - PR Newswire

SAN FRANCISCO--(BUSINESS WIRE)--SingleStore, the cloud-native database built for speed, scale and powering real-time data-intensive applications, announced it has been accepted as a Gold Status Partner in Intels Disruptor Initiative. The program helps companies push the limits of innovation through technical enablement and multi-channel go-to-market activities. As a result, SingleStore customers will benefit by realizing enhanced database performance and hardware-enhanced security to address real-time data challenges while lowering total cost of ownership (TCO).

"SingleStore is excited to join Intels prestigious Disruptor Initiative and to work closely with their engineers to optimize the performance of SingleStoreDB on current and future Intel architectures, said Oliver Schabenberger, chief innovation officer at SingleStore. This collaboration helps our customers reach new levels of data intensity with real-time analytical and transactional workloads.

In running internal benchmarks fueled by 3rd Gen Intel Xeon Scalable processors with built-in AI accelerators, SingleStore has seen a performance improvement of up to 30%*. In addition, Intel and SingleStore are both members of the Bytecode Alliance, a nonprofit organization dedicated to creating a secure network software foundation, building on standards such as WebAssembly (Wasm) and WebAssembly System Interface. SingleStore recently brought Wasm technology to the database market and has collaborated with Intel to bring this unique optimized technology to market.

Arijit Bandyopadhyay, chief technology officer for enterprise analytics and AI and head of strategy for the enterprise and cloud, DCAI group at Intel Corporation, said: As the demand for all types of data and high intensity data applications increase, encapsulating complex queries with high ingest speed, high concurrency and low latency requirements, we couldn't be more excited about collaborating with SingleStore to deliver the next generation of real-time data technology on AI to enhance digital customer experience, improve operations and security, plus generate new revenue streams.

The effort with Intel is the latest that SingleStore has recently forged with other industry-leading technology companies. Earlier this year, SingleStore partnered with IBM and SAS to deliver ultra-fast insights to accelerate insights for data-intensive applications and reduce TCO. SingleStore growth continues to accelerate due to its unique ability to address real-time applications, strategic partnerships, and investments from leaders like IBM, HPE, Dell Technologies and now Intel.

Users and media see the value of SingleStore, too. SingleStore has been recognized with several industry awards, including San Francisco Business Times Fastest-Growing Private Companies in the Bay Area and the Deloitte Fast 500 awards. SingleStore also was recently recognized when it won in four top-rated categories from verified user review site TrustRadius in May.

Christoph Malassa, managing consultant and head of analytics and intelligence solutions at Siemens, said this about SingleStore: With SingleStore, we no longer look at the database as a limiting factor in our business.

Finally, SingleStore is hosting a virtual launch [r]evolution 2022 on July 13, where the latest product release will be featured and demoed. Register for the event here.

Additional Resources

*Intel does not control or audit third-party data. Contact SingleStore for more information.

Intel, the Intel logo, and other Intel marks are trademarks of Intel Corporation or its subsidiaries.

About SingleStore

The worlds leading brands rely on data to make the right business decisions, to deliver exceptional customer experiences and to stay ahead of the competition. This reliance on data brings with it a need for simplicity, speed and scale. SingleStore delivers the worlds fastest distributed SQL database for real-time applications, SingleStoreDB. By combining transactional and analytical workloads, SingleStore eliminates performance bottlenecks and unnecessary data movement to support constantly growing, demanding workloads. Digital giants like Hulu, Uber and Comcast, and many more of the worlds leading SaaS providers choose SingleStore to unleash the power of their data supercharging exceptional, real-time data experiences for their customers. Follow us @SingleStoreDB and @SingleStoreDevs on Twitter or visit http://www.singlestore.com.

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SingleStore and Intel Collaborate to Deliver Next-Generation Real-Time Data Technology - Business Wire

- Multiple Podium and Poster Presentations on XIPERE and Gene Therapy Delivery Utilizing SCS Microinjector -

ALPHARETTA, Ga., July 07, 2022 (GLOBE NEWSWIRE) -- Clearside Biomedical, Inc.(Nasdaq: CLSD), a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS), announced today that several presentations will be delivered at the American Society of Retina Specialists (ASRS) Annual Meeting and the Ophthalmology Innovation Source (OIS) Retina Innovation Summit taking place July 13 16, 2022 in New York, NY.

Together with our partners, we will have a strong presence at the prominent OIS and ASRS meetings next week as we showcase the versatility of our proprietary suprachoroidal delivery platform, said Thomas A. Ciulla, M.D., MBA, Chief Medical Officer and Chief Development Officer at Clearside Biomedical. Numerous podium and poster presentations will be given on U.S. FDA approved XIPERE, suprachoroidal delivery of gene therapy via our SCS Microinjector, as well as an overview of suprachoroidal delivery across preclinical and clinical studies.

OIS Retina Innovation Summit

ASRS Presentation

Dr. Glenn Yiu, et al. will deliver a podium presentation entitled, Biodistribution of suprachoroidal drug and viral vector delivery across animal models and human trials.

XIPERE (triamcinolone acetonide injectable suspension) for suprachoroidal use: ASRS Partner Presentations

Clearsides SCS Microinjector: ASRS Partner Presentation

About Clearsides Suprachoroidal Space (SCS) Injection Platform and SCS Microinjector

Clearsides patented, proprietary suprachoroidal space (SCS) injection platform offers unprecedented access to the back of the eye where sight-threatening disease often occurs. Clearsides patented technology is designed to deliver drug to the suprachoroidal space located between the choroid and the outer protective layer of the eye, known as the sclera. The companys unique platform is inherently flexible and intended to work with established and new formulations of medications. Clearsides proprietary SCS Microinjector can be used to inject a wide variety of drug candidates into the SCS. The SCS Microinjector provides targeted delivery to potentially improve efficacy and compartmentalization of medication to reduce or eliminate toxic effects on non-diseased cells. The SCS Microinjector is composed of a syringe and two 30-gauge hollow microneedles of varying lengths, each less than 1.2 millimeters, with a custom-designed hub that optimizes insertion and suprachoroidal administration of drugs.

About XIPERE (triamcinolone acetonide injectable suspension) for suprachoroidal use

XIPERE (triamcinolone acetonide injectable suspension) for suprachoroidal use, formerly known as CLS-TA, is a proprietary suspension of the corticosteroid triamcinolone acetonide for administration to the suprachoroidal space for the treatment of macular edema associated with uveitis. Bausch + Lomb, a leading global eye health business of Bausch Health Companies Inc., has the exclusive license for the commercialization and development of XIPERE in the United States and Canada. Arctic Vision, a specialty ophthalmology company based in China, has the exclusive license for the commercialization and development of XIPERE, which they refer to as Arcatus, in Greater China, South Korea, Australia, New Zealand, India and the ASEAN Countries. XIPERE was approved by the U.S. Food and Drug Administration in October 2021 and is commercially available in the U.S.

Important Safety Information about XIPERE

Indication XIPERE (triamcinolone acetonide injectable suspension) for suprachoroidal use is a corticosteroid indicated for the treatment of macular edema associated with uveitis.

IMPORTANT SAFETY INFORMATIONPatients should be monitored following injection for elevated intraocular pressure. See Dosage and Administration instructions in full Prescribing Information.

To report SUSPECTED ADVERSE REACTIONS, contact Bausch + Lomb at 1-800-321-4576or FDA at 1-800-FDA-1088 or visit http://www.fda.gov/medwatch.

Please click here for full Prescribing Information.

About Clearside Biomedical

Clearside Biomedical, Inc. is a biopharmaceutical company revolutionizing the delivery of therapies to the back of the eye through the suprachoroidal space (SCS). Clearsides SCS injection platform, utilizing the Companys proprietary SCS Microinjector, enables an in-office, repeatable, non-surgical procedure for the targeted and compartmentalized delivery of a wide variety of therapies to the macula, retina or choroid to potentially preserve and improve vision in patients with sight-threatening eye diseases. Clearside is developing its own pipeline of small molecule product candidates for administration via its SCS Microinjector and strategically partners its SCS injection platform with companies utilizing other ophthalmic therapeutic innovations. Clearsides first product, XIPERE (triamcinolone acetonide injectable suspension) for suprachoroidal use, is commercially available in the U.S. For more information, please visit http://www.clearsidebio.com.

Cautionary Note Regarding Forward-Looking Statements

Any statements contained in this press release that do not describe historical facts may constitute forward-looking statements as that term is defined in the Private Securities Litigation Reform Act of 1995. These statements may be identified by words such as believe, expect, may, plan, potential, will, and similar expressions, and are based on Clearsides current beliefs and expectations. These forward-looking statements include statements regarding the potential benefits of therapies using Clearsides SCS Microinjector. These statements involve risks and uncertainties that could cause actual results to differ materially from those reflected in such statements. Risks and uncertainties that may cause actual results to differ materially include uncertainties inherent in the conduct of clinical trials, Clearsides reliance on third parties over which it may not always have full control, uncertainties regarding the COVID-19 pandemic and other risks and uncertainties that are described in Clearsides Annual Report on Form 10-K for the year ended December 31, 2021, filed with the U.S. Securities and Exchange Commission (SEC) on March 11, 2022, and Clearsides other Periodic Reports filed with the SEC. Any forward-looking statements speak only as of the date of this press release and are based on information available to Clearside as of the date of this release, and Clearside assumes no obligation to, and does not intend to, update any forward-looking statements, whether as a result of new information, future events or otherwise.

ALTITUDE is a trademark of REGENXBIO, Inc.

Investor and Media Contacts:

Jenny Kobin Remy Bernarda ir@clearsidebio.com(678) 430-8206

Source: Clearside Biomedical, Inc.

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Clearside Biomedical Suprachoroidal Delivery Technology to be Featured at Upcoming ASRS and OIS Medical Meetings - GlobeNewswire

NEW YORK (PRWEB) July 07, 2022

The Financial Technology Report is pleased to announce The Top 25 Financial Technology Leaders of New York for 2022. From founders to CEOs and COOs, this years awardees represent some of the most innovative technologists and bold operators ushering in the next generation of financial services.

Executives such as Andrew Reiser, CEO of Kapitus, who leads one of the most reliable and respected names in small business financing. And Jason Lee, CEO and Founder of DailyPay, has carved a path of his own while setting the highest standard for on-demand pay. Perhaps most fitting for todays economy, Nico Simco, CEO and Founder of Clair, has built a mission-driven digital banking platform that provides American workers with fee-free access to their earnings.

We recognize these notable individuals for their professional achievements in financial technology, their leadership of people and teams, and for cultivating company cultures that yield stability and growth. Please join us in celebrating The Top 25 Financial Technology Leaders of New York for 2022.

Sarah Levy (Betterment), Nico Simko (Clair), Edwina Johnson (Alloy), Jason Lee (DailyPay), Ran Landau (Splitit), Sean Ryan (NODE40), Francois Lame (Policygenius), Gaurav Suri (Arcesium), Chris Pento (Clear Street), Anneloes Hesen (Arcesium), Rohit Arora (Biz2Credit), Scott Galit (Payoneer), Andrew Reiser (Kapitus), Sam Bobley (Ocrolus), Jason Guss (Octane), Angela Ceresnie (Climb Credit), Sean Black (Knock), Gal Krubiner (Pagaya), Yvonne Wang (DirectBooks), David Sosna (Personetics), Brandon Krieg (Stash Financial), Ronnie Mateo (Trumid), Aaron Schumm (Vestwell), Lori Hotz (Lobus), Colin Sims (Forter).

The full article can be read at https://www.thefinancialtechnologyreport.com

About The Financial Technology Report

The Financial Technology Report is your comprehensive source for business news, investment activity, and corporate actions related to the financial technology industry. Based in New York City, the firm is run by a seasoned team of editors, writers, and media professionals highly knowledgeable on financial technology and the various companies, executives, and investors that make up the sector.

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The Top 25 Financial Technology Leaders of New York for 2022 - PR Web

One of the great flags that Qatar 2022 is flying to conquer the hearts of millions of soccer fans around the world is that of innovation, as this edition of the FIFA World Cup will mark a milestone in the history of this tournament.

Never before has the FIFA World Cup been held in such a small country. Prior to Qatar 2022, the editions held on the smallest surfaces had been those of Italy in 1934 and 1990, and Switzerland in 1954. The host country of the edition to be played has an area of only 11,570 square kilometers. For the aforementioned reason, this is the first time that two matches will be played on the same day at the World Cup.

Also, Qatar 2022 will be the first edition to be held in the Middle East and to allow rosters of 26 players with 5 substitutions per match. However, there is one novelty that shook the world when it was announced: the date on which this FIFA World Cup will be held.

Since its establishment in Uruguay 1930, the FIFA World Cup has been held zealously every four (except at the time of the Second World War, from 1938 to 1947 approximately) in the months of May, June or July. However, in March 2015, the bomb exploded.

FIFA made it official that Qatar 2022 would not be held in the middle of the year, i.e. not in May, June and July, but from November 21 to December 18. This forced all the world's leagues to adjust their calendars to allow their players to participate in the upcoming World Cup.

The summer in the Middle East, and specifically in Qatar, delivers days with extreme temperatures, which would make it impossible to practice not only soccer but any sport: on average 106 degrees Fahrenheit, with the possibility of reaching temperatures of 132 degrees Fahrenheit.

While in the months of November and December, those attending the FIFA World Cup Qatar 2022 will experience temperatures ranging from 68 degrees Fahrenheit to 86 degrees Fahrenheit, just 41 degrees higher than the highest temperatures experienced during the Russia 2018 edition.

Rarely in the history of the FIFA World Cup have the vast majority of the stadiums used to host the tournament's matches been new or purpose-built. In Qatar 2022, 7 of the 8 stadiums meet this condition. And in all of them there are technological details that would impress even the greatest skeptics.

For example, almost all the stadiums used in Qatar 2022 will be reduced to half their capacity, and one will be completely dismantled. However, there is one technological advance that will be surprising to experience: climate control.

In the upcoming FIFA World Cup will use a system called directed cooling, which was created by the engineer and doctor Saud Abdulaziz Abdul Ghani Abdulaziz, whose purpose will be to maintain a temperature between 20 and 24 degrees inside the stadium regardless of the weather outside it.

"What we have done is to work on thermal comfort for the players and for 40,000 fans because it is not only a question of temperature. We have to be able to make sure that even if the temperature and the thermal sensation outside or the quality of the air is not good, inside the stadium vault it is," the scientist shared in an interview forDiario AS.

The really amazing thing about the targeted cooling system, for which Saud Abdulaziz Abdul Ghani is already known in Qatar as the "Cold Doctor" is that it allows the stadium to be used 24 hours a day, 365 days a year, since its technology not only cools the air, but also purifies it.

"Thermal comfort is something with many details because each person inside the stadium has a particularity, is dressed in long-sleeved clothing, short, is more or less bulky. Each person perceives the temperature in a different way.... We control the temperature, the humidity, the air and the sensation that each person perceives. We have sensors scattered throughout the stadium because each area of the field is different..... Our obsession is not to cool the air, but to clean it. The most important thing is to keep the hot, dusty air outside and blocked, and the cleanest air possible inside," said the "Cold Doctor".

Thus, this advanced technology breaks FIFA's argument that the Qatar 2022 World Cup will be played at the end of the year because of the impossibility of holding it in summer due to the high temperatures experienced in the host country. Regardless of the above, the fate has already been decided and the 22nd edition of the tournament will be remembered as the first time it was played at the end of the year.

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Qatar 2022: The refined technology that would have made playing the FIFA World Cup in summer possible - Bolavip

MINNEAPOLIS--(BUSINESS WIRE)--Piper Sandler Companies (NYSE: PIPR), a leading investment bank, announced today that it has entered into a definitive agreement to acquire DBO Partners, an independent technology investment banking firm in the San Francisco Bay Area.

Founded in 2012, DBO Partners provides trusted, client-focused M&A and capital raising solutions to leading public and private companies, private equity, venture capital and alternative investment firms. The team has led many of the largest and most complex transactions for its clients in key technology verticals, including software, security, engineering, semiconductors & infrastructure and emerging technology. In addition, DBO Partners dedicated private equity general partner advisory services will add a new and growing capability to the Piper Sandler investment banking platform. Notable transactions include AMDs $35 billion acquisition of Xilinx, Dell Technologies $4 billion sale of Boomi and Thoma Bravos sale of a majority stake in Centrify to TPG.

The DBO team has built an exceptional practice advising leading global companies on their most important transactions. The addition of DBO significantly increases our presence and capabilities in the technology sector and is an important step towards building a leading technology investment banking practice, said Michael Dillahunt, global co-head of investment banking and capital markets at Piper Sandler.

DBO is co-led by three founding partners each with over 35 years of industry experience: Gordon Dean, Mark Bradley and Nick Osborne. Dean joined Morgan Stanley in 1986 where he rose to become a managing director, co-head of the western region and vice chairman of investment banking. Bradley started his career with Morgan Stanley in 1985 where he spent 25 years, including as the global head of the financial sponsors group from 20002012 and a member of the Investment Banking Management Committee. Osborne also joined DBO from Morgan Stanley where he was the head of global technology mergers & acquisitions. They are joined by Brian White, who has built a leading security investment banking business at DBO.

We chose Piper Sandler because we share a client-first culture and they have a proven track record of adding successful, industry-focused, advisory businesses and enabling them with more capabilities and resources to provide enhanced solutions for clients and opportunities for their teams, commented Nick Osborne, co-founder of DBO. Importantly, the partnership with Piper Sandler is highly complementary to our business, with Piper Sandlers existing team of talented technology banking professionals. Together we will continue to offer exceptional service and outcomes to our clients with more products, including debt and equity capital markets, more vertical expertise and more resources.

The team including the three co-founders will be integrated into the Piper Sandler technology investment banking group. Nick Osborne will be named co-head of technology investment banking alongside current technology group head Steve Schmidt. Together, they will lead a group of over 50 investment banking professionals. Gordon Dean will be named vice chairman, investment banking, Mark Bradley will be named chairman, financial sponsor coverage and Brian White will be named head of security and defense technology. Piper Sandlers expanded technology team will serve as an important pillar of growth for the firms investment banking business.

We are thrilled to add DBOs tenured team to our platform on the heels of what was a record-breaking year for our technology investment banking group in 2021. We look forward to combining our expertise to build a market-leading franchise, said Steve Schmidt, head of technology investment banking at Piper Sandler.

The transaction is expected to close in the fourth quarter of 2022 and is subject to customary closing conditions

Piper Sandler was advised by Sullivan and Cromwell LLP. Wachtell, Lipton, Rosen and Katz served as legal advisor and KBW served as financial advisor to DBO Partners in connection with the transaction.

About DBO Partners

DBO Partners is an independent technology investment banking firm headquartered in the San Francisco Bay Area, whose partners advise global leaders on their most important strategic and financial transactions. The team of veteran advisors have led many of the largest and most complex transactions for leading global companies and private equity firms in multiple key verticals across the technology landscape, including software, security, engineering, semiconductors & infrastructure and emerging technology. The firm offers expertise in mergers and acquisitions, leveraged buyouts, restructurings, debt and equity capital raising, shareholder relations and financing, and general partner advisory services. Learn more at dbopartners.com.

About Piper Sandler

Piper Sandler is a leading investment bank driven to help clients Realize the Power of Partnership. Through a distinct combination of candid counsel, focused expertise and empowered employees, we deliver insight and impact to each and every relationship. Our proven advisory teams combine deep product and sector expertise with ready access to global capital. Founded in 1895, the firm is headquartered in Minneapolis with offices across the United States and in London, Aberdeen and Hong Kong. Learn more at PiperSandler.com.

Cautionary Note Regarding Forward-Looking Information

This announcement contains forward-looking statements. Statements that are not historical or current facts, including statements about beliefs and expectations, are forward-looking statements. These forward-looking statements cover, among other things, the future prospects and growth of the Company. Forward-looking statements involve inherent risks and uncertainties, and important factors could cause actual results to differ materially from those anticipated, including the following: (1) the transaction described in this announcement is subject to customary closing conditions and may not close on the expected timing or at all; (2) the costs or difficulties relating to the combination of the businesses may be greater than expected and may adversely affect our results of operations and financial condition and our ability to realize anticipated synergies from the transaction; (3) the expected benefits of the transaction may take longer than anticipated to achieve and may not be achieved in their entirety or at all, and will in part depend on the ability of the Company to retain and hire key personnel and maintain relationships with its clients; (4) developments in market and economic conditions have in the past adversely affected, and may in the future adversely affect, the business and profitability of the Company generally and its investment banking business specifically; and (5) other factors identified under Risk Factors in Part I, Item 1A of our Annual Report on Form 10-K for the year ended December 31, 2021, and updated in our subsequent reports filed with the SEC. These reports are available at http://www.pipersandler.com or http://www.sec.gov. Forward-looking statements speak only as of the date they are made, and we undertake no obligation to update them in light of new information or future events.

Piper Sandler Companies (NYSE: PIPR) is a leading investment bank driven to help clients Realize the Power of Partnership. Securities brokerage and investment banking services are offered in the U.S. through Piper Sandler & Co., member SIPC and NYSE; in Europe through Piper Sandler Ltd., authorized and regulated by the U.K. Financial Conduct Authority; and in Hong Kong through Piper Sandler Hong Kong Limited, authorized and regulated by the Securities and Futures Commission. Alternative asset management and fixed income advisory services are offered through separately registered advisory affiliates.

Follow Piper Sandler: LinkedIn | Facebook | Twitter

2022. Since 1895. Piper Sandler Companies. 800 Nicollet Mall, Minneapolis, Minnesota 55402-7036

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Piper Sandler to Acquire DBO Partners Growing Technology Investment Banking - Business Wire

Elon Musk attends The 2022 Met Gala Celebrating "In America: An Anthology of Fashion" at The Metropolitan Museum of Art on May 2, 2022 in New York City. (Photo by Gotham/Getty Images)

Gotham | Getty Images

Investors lowered the valuations of the world's largest technology companies in the second quarter as central bankers ratcheted up interest rates to ward off inflation.

Big technology names became less valuable in the first quarter, with Russia's invasion into Ukraine cutting into business and adding to supply complications that appeared in the pandemic, sending the broad S&P 500 index down about 5%. The situation worsened in the second quarter as the Federal Reserve swung into action with rate increases. While the S&P tumbled another 16%, the technology-heavy Nasdaq Composite index declined 22%.

U.S. stocks fell Thursday to end the second quarter, prompting the S&P 500's weakest first half of the year since 1970.

Electric-vehicle maker Tesla endured its largest quarterly decline since its 2010 initial public offering as the stock sank almost 38%. In the quarter CEO Elon Musk made a bid to acquire social-media company Twitter for $44 billion.

Amazon stock dropped almost 35%, the most since the third quarter of 2001. The company's first-quarter earnings fell short of analysts' estimates in April as revenue growth slowed. In early June, Amazon said Dave Clark, CEO of the e-commerce company's worldwide consumer business, was resigning. In September he will start as CEO of supply chain software startup Flexport.

Shares of Google's umbrella company, Alphabet, ended the quarter down almost 22%, the worst results since the fourth quarter of 2008. Microsoft shares dropped about 17%, the sharpest decline since the second quarter of 2010.

Apple's stock fell almost 22% in the second quarter in the stock's worst performance since the fourth quarter of 2018, when Apple reported light guidance and the stock market overall endured a steep selloff.

Facebook parent Meta Platforms whose ticker symbol changed to META from FB this month to match its new corporate identity reflecting a stronger emphasis on virtual worlds where people can transact and interact saw its stock fall more than 27%. That was a better outcome than the first quarter, when the stock's value compressed by about 34%. In February the social-network operator said its count of daily active users (DAUs) on Facebook had decreased quarter-over-quarter for the first time.

Drugmakers Eli Lilly and Merck, cereal manufacturer Kellogg and discount retailer Dollar General all outperformed these six companies, posting gains of at least 10% in the quarter.

WATCH: A lot of names will never recover in growth tech, says EMJ Capital's Eric Jackson

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Big technology stocks like Tesla, Amazon and Microsoft just finished their worst quarter in years - CNBC

WARSAW--(BUSINESS WIRE)--It is reported that Chery will enter the European market soon and equip local consumers with the OMODA new energy vehicles with added ADAS functions.

The brand new new energy vehicle OMODA is equipped with an ADAS intelligent driving system and has L2.5 level automatic driving technology. In addition to the well-known ACC adaptive cruise, LDW lane departure warning, BSD blind spot monitoring and other functions, the LKA lane keeping system also has the ability to automatically control the car in corners. The following distance reminder and FCW forward collision warning systems equipped in the OMODA can give timely warnings. Even in dangerous situations, the AEB active braking can make the car stop in a timely manner completely avoiding or reducing the impact. The TSR road traffic sign recognition, TJA traffic congestion assistance, these technologies are integrated with smart transportation, which will help car owners to achieve safe and convenient travel.

As a pure electric CROSS OVER SUV, OMODA 5 can not only meet the needs of urban travel, but also provide a comfortable companionship during journeys. The OMODA 5 model has a dynamic fast-back shape, a double-layer sports rear wing, and the suspended roof design shows the sporty atmosphere of the whole vehicle, which is both technological and dynamic.

It is believed that in the near future, this pure electric SUV will bring a unique green travel experience to European consumers.

Facebook: Chery Spain

link: https://www.facebook.com/Chery-Espa%C3%B1a-105827098547919

Facebook: Chery France

link: https://www.facebook.com/Chery-France-111673837955296

Facebook: Chery Germany

link: https://www.facebook.com/Chery-Germany-106979888430597

Facebook: Chery Italia

link: https://www.facebook.com/cheryitalia

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Chery's New Energy Models Will Be Equipped With ADAS Technology to Enter the European Market - Business Wire

Optimized 3nm process achieves 45% reduced power usage, 23% improved performance and 16% smaller surface area compared to 5nm process

The leaders of Samsung Foundry Business and Semiconductor R&D Center are holding up three fingers as a symbol of 3nm celebrating the companys first ever production of 3nm process with GAA architecture.

Samsung Electronics, the world leader in semiconductor technology, today announced that it has started initial production of its 3-nanometer (nm) process node applying Gate-All-Around (GAA) transistor architecture.

Multi-Bridge-Channel FET (MBCFET), Samsungs GAA technology implemented for the first time ever, defies the performance limitations of FinFET, improving power efficiency by reducing the supply voltage level, while also enhancing performance by increasing drive current capability.

Samsung is starting the first application of the nanosheet transistor with semiconductor chips for high performance, low power computing application and plans to expand to mobile processors.

Samsung has grown rapidly as we continue to demonstrate leadership in applying next-generation technologies to manufacturing, such as foundry industrys first High-K Metal Gate, FinFET, as well as EUV. We seek to continue this leadership with the worlds first 3nm process with the MBCFET, said Dr. Siyoung Choi, President and Head of Foundry Business at Samsung Electronics. We will continue active innovation in competitive technology development and build processes that help expedite achieving maturity of technology.

(From left) Michael Jeong, Corporate Vice President; Ja-Hum Ku, Corporate Executive Vice President; and Sang Bom Kang, Corporate Vice President at Samsung Foundry Business are holding up 3nm wafers at the production line of Samsung Electronics Hwaseong Campus.

Samsungs proprietary technology utilizes nanosheets with wider channels, which allow higher performance and greater energy efficiency compared to GAA technologies using nanowires with narrower channels. Utilizing the 3nm GAA technology, Samsung will be able to adjust the channel width of the nanosheet in order to optimize power usage and performance to meet various customer needs.

In addition, the design flexibility of GAA is highly advantageous for Design Technology Co-Optimization (DTCO),1which helps boost Power, Performance, Area (PPA) benefits. Compared to 5nm process, the first-generation 3nm process can reduce power consumption by up to 45%, improve performance by 23% and reduce area by 16% compared to 5nm, while the second-generation 3nm process is to reduce power consumption by up to 50%, improve performance by 30% and reduce area by 35%.

As technology nodes get smaller and chip performance needs grow greater, IC designers face challenges of handling tremendous amounts of data to verify complex products with more functions and tighter scaling. To meet such demands, Samsung strives to provide a more stable design environment to help reduce the time required for design, verification and sign-off process, while also boosting product reliability.

Since the third quarter of 2021, Samsung Electronics has been providing proven design infrastructure through extensive preparation with Samsung Advanced Foundry Ecosystem (SAFE) partners including Ansys, Cadence, Siemens and Synopsys, to help customers perfect their product in a reduced period of time.

Together, Ansys and Samsung continue to deliver enabling technology for the most advanced designs, now at 3nm with GAA technology. The signoff fidelity of our Ansys multiphysics simulation platform is testament to our continued partnership with Samsung Foundry at the leading edge. Ansys remains committed to delivering the best design experience for our mutual advanced customers.

We congratulate Samsung on this 3nm GAA production release milestone. Cadence worked closely with Samsung Foundry to enable customers to achieve optimal power, performance and area for this node using our digital solutions from library characterization to full digital flow implementation and signoff, all driven by our Cadence Cerebrus AI-based technology to maximize productivity. With our custom solutions, we collaborated with Samsung to enable and validate a full AMS flow to enhance productivity from circuit design and simulation through automated layout. We look forward to continuing this collaboration to achieve more tapeout successes.

Siemens EDA is pleased to have collaborated with Samsung to help ensure that our existing software platforms also work on Samsungs new 3-nanometer process node since the initial development phase. Our longtime partnership with Samsung through the SAFE program generates significant value for our mutual customers, by certification of Siemens industry-leading EDA tools at 3nm.

Through our long-standing, strategic collaboration with Samsung Foundry, we are enabling our solutions to support Samsungs advanced processes, helping our mutual customers significantly accelerate their design cycles. Our support for Samsungs 3nm process with GAA architecture continues expanding, now with our Synopsys Digital Design, Analog Design and IP products, enabling customers to deliver differentiated SoCs for key high-performance computing applications.

1 For more information on Design Technology Co-Optimization (DTCO), please see below links:

Find the optimal for the best. Part 1

Find the optimal for the best. Part 2

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Samsung Begins Chip Production Using 3nm Process Technology With GAA Architecture - Samsung