Category Archives: Tms

BURLINGTON, Mass. and JERUSALEM, April 17, 2024 (GLOBE NEWSWIRE) -- BrainsWay Ltd. (NASDAQ & TASE: BWAY) (BrainsWay or the Company), a global leader in advanced noninvasive neurostimulation treatments for mental health disorders, today announced the further expansion of access to its Deep TMS treatment in Israel. BrainsWay has steadily increased its presence in the country with 11 recent system installations, and this momentum has been driven in part by a 45% increase in reimbursement rates. The Company expects to have additional Deep TMS systems installed in Israel by the end of 2024.

BrainsWay continues to make significant strides in expanding its international footprint, and it is extremely meaningful for us to be able to offer our life altering Deep TMS therapy to mental health patients across Israel, said Hadar Levy, Chief Executive Officer of BrainsWay. Following recent events in the country, serious mental health conditions are on the rise, and it is profoundly important to us that Deep TMS be made available to as many patients as possible, concluded Mr. Levy.

"This innovative technology represents a significant opportunity to treat numerous patients, including many who have not responded to medication, said Reut Filipowicz, BrainsWays Head of Business Development for the Israeli market. We are excited to bring Deep TMS to those suffering from mental health conditions who are truly in need of additional treatment solutions."

About BrainsWay BrainsWay is a global leader in advanced noninvasive neurostimulation treatments for mental health disorders. The Company is boldly advancing neuroscience with its proprietary Deep Transcranial Magnetic Stimulation (Deep TMS) platform technology to improve health and transform lives. BrainsWay is the first and only TMS company to obtain three FDA-cleared indications backed by pivotal clinical studies demonstrating clinically proven efficacy. Current indications include major depressive disorder (including reduction of anxiety symptoms, commonly referred to as anxious depression), obsessive-compulsive disorder, and smoking addiction. The Company is dedicated to leading through superior science and building on its unparalleled body of clinical evidence. Additional clinical trials of Deep TMS in various psychiatric, neurological, and addiction disorders are underway. Founded in 2003, with offices in Burlington, MA and Jerusalem, Israel, BrainsWay is committed to increasing global awareness of and broad access to Deep TMS. For the latest news and information about BrainsWay, please visitwww.brainsway.com.

Forward Looking Statements This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such statements may be preceded by the words intends, may, will, plans, expects, anticipates, projects, predicts, estimates, aims, believes, hopes, potential or similar words. These forward-looking statements and their implications are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. In addition, historical results or conclusions from scientific research and clinical studies do not guarantee that future results would suggest similar conclusions or that historical results referred to herein would be interpreted similarly in light of additional research or otherwise. The following factors, among others, could cause actual results to differ materially from those described in the forward-looking statements: inadequacy of financial resources to meet future capital requirements; changes in technology and market requirements; delays or obstacles in launching and/or successfully completing planned studies and clinical trials; failure to obtain approvals by regulatory agencies on the Companys anticipated timeframe, or at all; inability to retain or attract key employees whose knowledge is essential to the development of Deep TMS products; unforeseen difficulties with Deep TMS products and processes, and/or inability to develop necessary enhancements; unexpected costs related to Deep TMS products; failure to obtain and maintain adequate protection of the Companys intellectual property, including intellectual property licensed to the Company; the potential for product liability; changes in legislation and applicable rules and regulations; unfavorable market perception and acceptance of Deep TMS technology; inadequate or delays in reimbursement from third-party payers, including insurance companies and Medicare; inability to commercialize Deep TMS, including internationally, by the Company or through third-party distributors; product development by competitors; inability to timely develop and introduce new technologies, products and applications, which could cause the actual results or performance of the Company to differ materially from those contemplated in such forward-looking statements.

Any forward-looking statement in this press release speaks only as of the date of this press release. The Company undertakes no obligation to publicly update or review any forward-looking statement, whether as a result of new information, future developments or otherwise, except as may be required by any applicable securities laws. More detailed information about the risks and uncertainties affecting the Company is contained under the heading Risk Factors in the Companys filings with the U.S. Securities and Exchange Commission.

Contacts: BrainsWay: Ido Marom Chief Financial Officer Ido.Marom@BrainsWay.com

Investors: Brian Ritchie LifeSci Advisors britchie@lifesciadvisors.com

Media Contact: Chris Boyer Vice President, Marketing Chris.Boyer@BrainsWay.com

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BrainsWay Expands Deep TMS Access in Israel Following Significant Increase in Reimbursement Rates - GlobeNewswire

SINGAPORE In a first for South-east Asia, Singapore researchers are studying a personalised form of magnetic brain stimulation that can potentially help more people with treatment-resistant depression.

It involves mapping a persons brain using scans to locate a precise spot to target during the stimulation.

In Transcranial Magnetic Stimulation (TMS), which is already offered in Singapore, doctors stimulate a spot that is connected to a deep part of the brain that has been consistently implicated in depression.

Standard TMS, which is done without the brain-mapping, offers those diagnosed with treatment-resistant depression around a 30 per cent chance of getting well enough to not qualify for a depression diagnosis.

It delivers stimulation to the same spot of the brain for all patients.

As the layout and location of the brain networks are different for each person, the personalised version uses functional magnetic resonance imaging (fMRI) to pinpoint the exact spot unique to each patient, and stimulate it to treat their depression disorder as accurately as possible.

An artificial intelligence algorithm is used to clearly outline individual brain networks from the fMRI data, said Associate Professor Thomas Yeo, a brain scientist who is from the Centre for Sleep and Cognition at the Yong Loo Lin School Of Medicine at the National University of Singapore (NUS Medicine) and the co-principal investigator for the trials.

A high-precision robot arm is also used to target the stimulation.

The personalised TMS treatments are more intensive than the standard procedure 50 sessions are conducted over five days, instead of a minimum of 30 sessions over 30 days. Each personalised TMS session is 10 minutes long, while a standard TMS session can be 30 to 60 minutes long.

The Institute of Mental Health (IMH) is collaborating with NUS Medicine for two concurrent trials on personalised TMS, funded by separate parties. The trials started in March 2024 and will last for three years. The two trials will recruit a total of 90 patients, of whom 55 will undergo personalised TMS while the rest will be assigned to standard TMS.

Singapore is the first country in South-east Asia to conduct the clinical trials of personalised TMS, which is modelled after the personalised TMS approved for use in the US, known as the Stanford Accelerated Intelligent Neuromodulation Therapy protocol.

In the US (study), about 80 to 90 per cent of the patients get well with personalised TMS after one week. We will see whether it works in Asia, said Dr Tor Phern Chern, a senior consultant at the Mood and Anxiety department and Head of Neurostimulation Service at IMH, at a media briefing on April 12.

Dr Tor said that one day of 10 personalised TMS sessions is equivalent to six weeks of standard TMS, so it is like getting 7 months of TMS in five days. Whether this removes the need for individualisation is a question that one of the trials will attempt to answer.

Trial participants do not have to pay for the treatment. Temasek Foundation and the National Medical Research Council are funding the trials, each with a grant of $1 million.

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New form of magnetic brain stimulation spells hope for patients with treatment-resistant depression - The Straits Times

As of 11 a.m. on Feb. 1, 326 trucks had exited the east gate of the SSA Marine Oakland International Container Terminal in California, marking an average total turn time of one hour and 12 minutes. Thats according to the Port of Oaklands Freight Intelligent Transportation System (FITS), launched a month ago, that aims to improve operations across the port for its many stakeholders, including truck drivers.

The FITS solution includes the new Oakland Portal that provides improved efficiency and visibility into the movement of goods through real-time insight into vessel operations and statuses, regional traffic conditions, rail crossing access, turn time data and more.

The Oakland Portals website and app displays a snapshot of the total turn time for each of the four terminals on the main page with the option to click on each for additional details like specific gate information. Each truck that enters a terminal is required to have a Radio Frequency Identification (RFID) tag that is read at the entrance and exit security booths beginning at 0600 every day. The time it takes each truck to get from the security entrance to security exit is the truck turn time.

Pia Franzese, senior maritime projects administrator at the Port of Oakland, said turn times is just one of the many pieces of information the new portal offers, and this level of visibility all in one place will have a positive impact on the efficiency and collaboration of port activities, creating a domino effect for stakeholders, improving their decision-making abilities for their individual needs.

The Port of Oakland (Port) launched the FITS portal to help solve port challenges and provide a centralized source for reliable, real-time information. Before FITS, we had increasingly heard feedback from Port stakeholders that they had to go to multiple sites to get information for Port operations, creating a cumbersome process with conflicting information. Multiple platforms led to inefficiencies and confusion for users, Franzese said. The intent of the Oakland Portal is to have a one-stop platform where port stakeholders can go to find secure information relevant to them, such as information about terminals and turn times. The portal serves as the foundation for the ports data technology, which will continue to expand. We plan to continuously add to this portal, such as a smart parking system and container data, among many others.

FITS is comprised of various IT hardware and software infrastructure elements, including upgrades to the ports fiber, installing changeable message signs to the roadway, a buildout of an emergency operations center, a weigh-in-motion scale so truckers can weigh themselves on the way out and smart cameras that collect metrics on vehicle speeds, traffic patterns and pedestrian counts that the port reports internally and externally to stakeholders. Additional intelligence is added to these devices, such as video analytics, Franzese said, to determine how long it takes a truck driver to wait at a terminal and then get through a terminal. The information comes together in the Oakland Portal to improve situational awareness and management for users, which improves mobility and safety, she said. Another part of FITS included the development of two applications: the Oakland Portal and the Smart Parking System (SPS). The SPS, launching later this year, will allow stakeholders to make parking reservations.

Together, all of these elements work to improve operational efficiencies and provide real-time, reliable information to port stakeholders, such as truckers, terminal operators, wharfingers and ocean carriers, to enable better-informed, data-driven decisions, Franzese said.

In additional to improving operational efficiency, these elements will impact sustainability, she added.

For example, the Oakland Portal and other technologies within the FITS platform provide visibility into traffic congestion, informing the trucking community about the best times to arrive at the port, she said. This information reduces wait times and congestion, which contributes to less emissions. Overall, the more efficient the port is with goods movement and traffic circulation, the less pollution will result, creating a more sustainable port community.

That port community, Franzese said, has been key to implementing and improving the new system.

While still in its early days, she said the Oakland Portal is running smoothly and has secured positive feedback from users as well as feedback on additional information users would like to see, which is a good sign since engagement shows people are using the tool and want to see it expand to more fully meet their needs.

The port designed the system and portal based on its specific needs, and Franzese said the port would advise other ports developing similar tools to do the same.

We would recommend other ports think about the idea of an integrated data environment by first thinking of users, personas and use cases to make sure whatever is developed has the users experience at the forefront of every step, she said. In addition, we recommend having a systems integration perspective and a port-owned central place, such as a data hub where the data comes to, and a central place, such as a website and app, where users can consume the information. It is so easy to have disparate systems; however, the power of data is having different datasets layered on top of each other.

Franzese said the Port of Oaklands data previously came from third-party sources, but FITS enables data to come directly from the ports equipment, providing greater control and confidence that the information is accurate.

One of the greatest benefits that FITS allows, she said, is the ability to proactively address any issues via predictive modeling. The data from the system allows the port to identify pinch points in the terminal or specific periods of the day where there is increased congestion or bottlenecks in the movement of containers, for example. It also helps the port understand when to schedule maintenance or other activities to not adversely affect port users.

Parsons Corporation, which has worked with the port, Alameda County Transportation Commission, the City of Oakland, the California Department of Transportation and subcontractors over the last four years to develop FITS, will leverage artificial intelligence with video and data analytics to predict freight wait times and develop predictive models around road blockages at train crossings. The data collected will also be used to create customized dashboards for custom border protection and port shipment tracking.

Parsons advanced traffic management software solution, iNET, was integrated with an enhanced version of the SecrSpace smart parking system and a new custom GoPort website and mobile application for iOS and Android, to create FITS. FITS Oakland Portal is powered by the Advent eModal platform.

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Port of Oakland's new TMS provides real-time insights for truckers - CCJ

NEW YORK, Feb. 1, 2024 /PRNewswire/ -- Thetransportation management systems (TMS) marketis estimated to grow byUSD 3.70 billion from 2022to 2027, according to Technavio. The market is estimated to grow at a CAGR of 11.24% during the forecast period.The market share growth by theon-premisesegmentwill be significant during the forecast period.Large organizations dominate the on-premises solutions market due to their focus on data security over cost-effectiveness. These solutions, installed on the organization's infrastructure, ensure end-to-end quality control and are preferred for handling critical data. They generate revenue through one-time perpetual licenses and offer greater customization and control. In today's risk-conscious environment, the emphasis on risk management has driven the demand for on-premises solutions, particularly among less price-sensitive buyers prioritizing security.

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Technavio has segmented the market based onSolution (On-premise and Cloud-based), Mode of Transportation (Roadways, Railways, and Airways), and Geography (North America, Europe, APAC, Middle East and Africa, and South America).

Insights on the market contribution of various segments including country and region wisehistoric data (2017 to 2021), and forecast market size (2023to 2027)- Download a Free Sample Report

Increasing number of smart-connected devicesis a key factor driving growth.The increasing complexity of managing multiple devices drives the demand for machine-to-machine (M2M) and machine-to-human (M2H) communications. TMSutilize various technologies like RFID and GPS to efficiently monitor and manage physical assets, leading to improved business processes and real-time decision-making. The global rise in connected devices is a key driver of TMS demand.

Insights on Market Drivers, trends, & Challenges, historic period(2017 to 2021), and forecast period(2023 to 2027)-Request a Free sample report!

Transportation Management Systems (TMS) Benefits

Transportation Management Systems (TMS) offer various benefits across logistics and supply chain management. These systems streamline freight management, fleet management, and shipment tracking, optimizing routes and enhancing warehouse and inventory management. TMS also facilitates carrier management, freight brokerage, and freight visibility, supporting transportation planning and efficient billing and payment processes. They enable load tendering, multi-modal transportation, and last-mile delivery, all while providing real-time analytics and demand forecasting. Additionally, TMS helps manage transportation costs, ensure compliance, and facilitate electronic data interchange (EDI). They support cross-docking, reverse logistics, inbound and outbound logistics, and supply chain visibility, along with company management and load consolidation. TMS also excels in handling intermodal and international transportation needs.

What are the key data covered in this Transportation Management Systems (TMS) Market report?

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ToC:

Executive Summary

Market Landscape

Market Sizing

HistoricSizes

Five Forces Analysis

Segmentation by Solution

Segmentation by Mode of Transportation

Segmentation by Geography

Customer Landscape

Geographic Landscape

Drivers,Challenges, &Trends

Company Landscape

Company Analysis

Appendix

About US

Technavio is a leading global technology research and advisory company. Their research and analysis focus on emergingtrends and provide actionable insights to help businesses identify opportunities and develop effective strategies to optimize theirpositions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionableinsights to identify opportunities in existing and potential areas and assess their competitive positions within changingscenarios.

Contact Technavio Research Jesse Maida Media & Marketing Executive US: +1 844 364 1100 UK: +44 203 893 3200 Email: [emailprotected] Website: http://www.technavio.com

SOURCE Technavio

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11.24% CAGR Growth in Transportation Management Systems (TMS) Market by Solution (on-premise and cloud-based ... - PR Newswire

CHICAGO Commercial truck routing and mileage software companyMileMaker recently unveiled the integration of its web services interface with Turvos cloud-based platform to form an advanced transportation management system (TMS).

According to a news release, this move will allow Turvos customers to access MileMakers truck-specific mileage calculations.

This partnership seamlessly integrates MileMakers renowned truck-specific mileage calculations into Turvos platform, empowering our users with accurate and up-to-date information for enhanced decision-making, said Brett Williams, senior vice president of sales at Turvo. Together, we aim to streamline logistics processes, reduce costs, and elevate overall operational efficiency for the benefit of the entire supply chain.

Isaac Salvadori-Black, director of partnerships at MileMaker, said he and his fellow executives are excited to collaborate with Turvo to bring MileMakers commercial truck mileage, rating and routing solutions to a broader audiences.

He added: This partnership will enable transportation companies to leverage our data, from both Guide 19 and Guide 20, within the Turvo platform, making it easier than ever to access accurate mileage, helping to improve overall logistics operations.

The software provides door-to-door routing, tailoring each route to a users specific requirements, vehicle specifications customizable Points of Interest, midpoints and more.

According to the news release, MileMakers mileage data enables users to negotiate and streamline freight rates, payments and audits, while also improving freight cost and fuel surcharge forecasts. Turvos platform offers real-time visibility, collaboration tools and other innovative features that result in an end-to-end communication and analytics platform for freight brokers, 3PLs, shippers and carriers.

Born and raised in Little Rock, AR, Erica N. Guy decided to stay in her hometown to begin her professional career in journalism. Since obtaining her bachelors degree from UAPB, Erica has professionally written for several publications about several topics ranging from lifestyle, tech, culture, and entertainment, just to name a few. Continuing her love for her hometown, she joined our team in June 2023, where she is currently a staff writer. Her career goals include continuing storytelling through her writing by being the best professional writer she can be. In her spare time, Erica enjoys trying new foods, cozying up with a good book, spending time with family and friends, and establishing herself as a future businesswoman.

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MileMaker announces partnership with Turvo to bring advanced TMS - TheTrucker.com - The Trucker

Meta Description: Discover top transportation management solutions in 2023 for streamlined logistics. Optimise your supply chain management with the latest innovations.

In todays fast-paced logistics and supply chain management world, efficient transportation is the key to success. But who are the major players in the market when it comes to transportation management software and solutions? Before diving into that, lets first understand transportation management solutions.

A transportation management system (TMS) is a digital solution designed to streamline and optimise the movement of goods from one place to another. It helps organisations plan routes, manage shipments, track vehicles, and monitor inventory efficiently, saving valuable time and money.

No wonder the TMS market is large and growing. Analysts project the global TMS market size to grow at an impressive rate of 19.7%, reaching $33.3 billion in 2028 from the current $13.5 billion in 2023.

In this article, well explore the major players in the TMS market and how their solutions benefit logistics and supply chain management businesses.

Top Transportation Management Software in 2023

Heres a look at some of the top transportation management solutions in 2023. They are the driving force behind the success of countless businesses in the year:

1. SuperProcure Freight Sourcing

SuperProcure Freight Sourcing specialises in optimising freight procurement. It allows businesses to source carriers efficiently, negotiate rates, and track shipments seamlessly. This TMS streamlines the entire sourcing process, ultimately saving time and cost.

Pricing: SP Freight Sourcing has separate monthly and yearly plans for three categories- Starters, Professionals, and Enterprises. The lowest rate begins at Rs 5400/month. Every plan starts with a 14-day free trial.

2. UDHAN

UDHAN, a vital TMS player, supports transport contractors with cash flow challenges. It offers efficient invoicing, precise cash flow forecasting, and strategic financial partnerships. UDHAN also provides freight financing options through Unanus partner bank. This includes pre-shipment finance, post-shipment finance, and bill discounting based on invoices, ensuring visibility and availability of working capital for transport contractors.

Pricing: Custom Pricing

3. Digital CN-Intelligent Logistic Solution

Digital CN simplifies logistics with its swift and secure mobile app. It digitises and shares key transport documents, including Consignment Notes and Proof of Delivery. This TMS automates booking processes, leveraging eWay Bill Data for streamlined consignment note generation. Its auto SMS notifications to consignors, consignees, and drivers enhance efficiency in logistics operations, making it an essential tool for transportation management.

Pricing: Custom Pricing

4. FASTag

FASTag offers a hassle-free vehicle tracking solution that relies solely on vehicle numbers. This TMS provides milestone-based location updates when vehicles cross highway toll plazas, eliminating the need for extra tracking devices and associated capital investments. It ensures real-time tracking, reduces driver communication overhead, and allows simultaneous monitoring of multiple vehicles through the government tracking API.

Pricing: Custom Pricing

5. Intugine-Rail/Rake Tracking

Intugines Rail/Rake Tracking is a game-changer in rail logistics. It delivers real-time milestone-based location updates, eliminating the need for additional tracking devices and capital investment. It streamlines rail monitoring, provides asset tracking within the Rail/Rake through the government tracking API, and facilitates the simultaneous tracking of multiple Rail/Rake with unique FNR numbers.

Pricing: Custom Pricing

6. Fleetable Transport Management System

Fleetable offers a comprehensive transport solution that covers various aspects of fleet management. It provides all the tools necessary to optimise fleets, from vehicle maintenance and driver monitoring to fuel management. The result is reduced operational costs and enhanced operational efficiency.

Pricing: Custom pricing

7. Axlerate Fleet Management Solution

Axlerates primary focus is on improving fleet performance. It provides tools to optimise routes, reduce fuel consumption, and monitor driver performance. Major Axlerate products include Axle Tags, Axle Directory, Axle Marketplace, Axle Cards, Axle Finance, etc. Businesses can harness these capabilities to maximise their fleets efficiency and minimise operational expenses.

Pricing: Custom pricing

8. Corelogis TOPS

Corelogis TOPS stands out for its high level of customisation. It is tailored to meet diverse logistics requirements and covers order management, route optimisation, and robust reporting capabilities. Its adaptability makes it an excellent choice for businesses with unique logistics needs.

Pricing: Custom Pricing

9. eMist for Transporters-eFleet

eMist offers a cloud-based TMS that simplifies fleet management. It includes real-time tracking, route optimisation, and analytics, facilitating continuous improvement in logistics operations. The user-friendly interface ensures accessibility for a wide range of users.

Pricing: Custom Pricing

10. RaoDo Freight Operating System

RaoDo focuses on streamlining freight operations with features like load optimisation and document management. It simplifies freight management, helping organisations handle shipments more efficiently and accurately.

Pricing: Custom pricing

11. Bigchillar Freight Matching and Digital Lending

Bigchillar combines freight matching with digital lending capabilities. It assists in matching shippers with suitable carriers while also offering digital lending options for financing transportation needs. For shippers, it provides the flexibility to choose from a pool of transporters, ensuring timely availability and digital documentation. On the other hand, fleet owners benefit from better pricing, efficient trip management tools, and convenient access to capital.

Pricing: Custom Pricing

12. Fleetx Transport Management System

Fleetx provides a comprehensive TMS solution that covers route planning, vehicle maintenance, real-time tracking, and driver scoring. It empowers businesses with actionable insights, enabling them to optimise logistics operations and enhance overall efficiency. Over 1,500 brands and enterprises trust this TMS for their logistics needs.

Pricing: Custom Pricing

Wrapping Up

As we wrap up our exploration of the top transport management software solutions in 2023, its evident that this industry is bustling with innovation. From simplifying invoicing to real-time tracking and freight financing, these TMS players have transformed the logistics game, making it more efficient and hassle-free.

Amid this dynamic landscape, Bosch L.OS emerges as a unifying platform, bringing together multiple players and their unique TMS offerings. By doing so, Bosch L.OS empowers customers with a versatile range of TMS solutions, allowing them to choose and customise the tools that best suit their logistics needs.

This cooperative spirit highlights the evolving nature of the TMS industry, where collaboration and integration are key to meeting the ever-shifting demands of modern logistics and supply chain management.

Reference

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2.SP Freight Sourcing SuperProcure. (2023, July 17). SuperProcure. https://www.superprocure.com/freight-sourcing/

3.Udhan. Bosch Logistics Operating System. (n.d.). https://www.l-os.com/in/en/solutions/transportation-management/Udhan

4.Digital CN- Intelligent Logistics Solution. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/digital-cn

5.FASTag. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/fastag

6.Rail/Rake Tracking. (n.d.). Bosch. https://www.l-os.com/in/en/solutions/transportation-management/rail-rake-tracking

7.Fleetable. (2023, October 4). Best Fleet and Transport Management Software in India. https://fleetable.tech/

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Transportation Management Software & Solutions - Who are the Major Players in the Indian Market? - India Shipping News

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Neural effects of TMS trains on the human prefrontal cortex | Scientific Reports - Nature.com

Neuronetics has received US Food and Drug Administration (FDA) clearance for its NeuroSite Coil placement accessory, a tool that helps users with accurate coil placement.

US-based Neuronetics was the first company to receive FDA approval for its transcranial magnetic stimulation (TMS) devices called NeuroStar for treatment-resistant depression. The devices use a coil to deliver magnetic pulses that stimulate nerve cells in the brain in regions responsible for mood regulation.

The add-on will help with coil positioning and placement and reduce patient setup time, with Neuronetics stating the device is compatible with both legacy and new NeuroStar systems.

It will become available to NeuroStar providers in Q1 2024.

NeuroStar, which is also CE-marked, is a non-drug, non-invasive therapy for patients with major depressive disorder. It provides a valuable option for patients with the condition who do not respond to antidepressant medications. Neuronetics states its technology has been used to deliver more than 5.9 million treatments in 145,000 patients.

Up to 30% of patients diagnosed with major depressive disorder (MDD) have treatment-resistant depression.

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Neuronetics reported full-year 2022 revenue of $65.2m, up 18% from the previous year. The company expects a worldwide revenue of $66m-$72m.

In December 2021, the FDA cleared Neuronetics MT Cap technology to help map and determine motor thresholds the amount of energy required for treatment. In June 2023, the cap was cleared for use in patients with obsessive-compulsive disorder (OCD).

The company is also lining up the use of its technology in bipolar depression, after NeuroStar gained breakthrough device designation for the treatment of the condition in May 2020.

The TMS market is gaining traction, following mounting evidence of its efficacy. BrainsWays Deep TMS is also cleared for MDD, OCD and smoking cessation. Magnus Medical received FDA clearance for its SAINT neuromodulation system for the treatment of severe depression in September 2022.

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Neuronetics lands FDA clearance for TMS therapy accessory - Medical Device Network

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Neurobiological mechanisms of ECT and TMS treatment in ... - BMC Psychiatry

CHICAGO

Mishimoto, the global leader in performance cooling products for automotive enthusiasts, faced a critical challenge when a sudden provider change jeopardized their client deliveries. To overcome this disruption, Mishimoto turned toRedwood Logistics(Redwood), one of the fastest growing modern 4PL providers in North America, for a solution that would ensure continuity in their operations.

Founded in 2005, Mishimoto has been providing cooling system upgrades for a wide range of applications, including sport compacts, powersports, trucks, Jeeps, muscle vehicles, daily drivers and classic cars. When faced with the sudden provider change, the company sought to establish new rates, set up a rating and execution platform, support both full truckload (FTL) and less-than-truckload (LTL) shipments, and train and launch operations at two locations. Furthermore, the implementation of a transportation management system (TMS) was required to manage these complex logistics operations efficiently.

Redwood was selected to overcome this challenge as the company displayed remarkable agility and expertise. In less than two weeks, Redwood set up a TMS instance, provided essential pricing and training, and successfully launched operations at two locations. This rapid-fire implementation ensured that Mishimoto experienced no disruptions in client deliveries during this critical period.

Marc Barrer, Vice President of Operations at Mishimoto, said, Redwood's swift and reliable solutions enabled us to overcome a challenging situation with a sudden break in a provider relationship and continue our deliveries without any disruption. Their exceptional support, including TMS implementation and LTL and parcel management, has resulted in significant cost savings and positioned Mishimoto for continued success in our global market.

In addition to averting any client disruptions, Redwood Logistics provided a comprehensive solution that set Mishimoto up for long-term success. This included not only LTL management but also parcel procurement optimization through Redwoods carrier contract assessment and mediation service, resulting in substantial cost savings. Key Results Include:

Redwood continues to be a trusted partner for companies in the automotive aftermarket and performance cooling products industry, providing innovative solutions to streamline supply chain operations and reduce costs, said Mike Reed, Chief Product Officer, Redwood. As a modern 4PL solution we were best positioned to offer tailored and customized physical and digital supply chain solutions to help Mishimoto overcome their provider disruption.

To read the complete case study,follow the link here.

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For more information, visit redwoodlogistics.com

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Mishimoto Partners with Redwood Logistics for Seamless TMS ... - Supply Chain Dive