Category Archives: Investment

Investment

ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market

KUALA LUMPUR, Malaysia, 2021-Apr-17 — /EPR FINANCIAL NEWS/ — As a high-tech company ITFX GROUP INC has an algorithm system and advanced IT infrastructure providing large-scale development and various services. With the development prospects of the foreign exchange industry becoming more and more favored by investors, the company launched the ITGFX development strategy plan began to move towards internationalization and now has an international foreign exchange business.

Our team of experienced programmers has developed a lot of software for the foreign exchange market, CFD and cryptocurrency market. The solution developed exclusively by our experts is combined with the current largest liquidity provider (quotation). It is designed for arbitrage trading and provides a complete solution for arbitrage of products such as foreign exchange, CFDs and cryptocurrencies, allowing you to easily obtain Profit.

ITFX GROUP INC is one of the few financial technology companies that directly connect to exchange data. Therefore, our customers can get the fastest, most reliable and most accurate quotation. In addition to its own use, the solution has also become a trusted arbitrage trading tool for many large institutional traders. ITGFX’s high-quality, reliable and outstanding customer service has created a good reputation. Due to our persistence in technology excellence, we are currently the most trustworthy foreign exchange company.

ITGFX technical support includes commercial and non-profit organizations and customer groups all over the world. The persistent pursuit and attention to quality has allowed the company to achieve more than 15 years of continuous profitability, which is rare in this highly competitive industry. Relying on the professional background of the investment research team, unique and objective value concepts, and a mature and complete research system, a number of well-known overseas funds have been launched to assist high-net-worth clients to obtain stable returns, avoid the risk of RMB depreciation, and achieve global asset allocation.

In order to comply with the strong market demand and development, in Southeast Asia, Malaysia set up an ITGFX operation center to serve the Southeast Asian market and operate the foreign exchange business. To fully expand the global market, ITGFX welcomes you to join us. We are committed to serving every high-quality partner and creating an industry benchmark.

NOW! ITFX GROUP launched the ITGFX development strategy plan and entered the Asian market. 

Via EPR Network
More Financial press releases

Digi Communications N.V.’s 2021 Annual General Shareholders Meeting will be held on 18 May 2021

BUCHAREST, Romania, 6-Apr-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (The Company) would like to inform the market and its investors that today, 6 April 2021, the Board of Directors of the Company convenes the general shareholders meeting (the “GSM”) of the Company (Digi Communications N.V.), to be held on Tuesday, 18 May 2021 at 14:00 p.m. CEST (15:00 p.m. EEST), at the offices of Freshfields Bruckhaus Deringer LLP (Amsterdam office), Strawinskylaan 10, 1077 XZ Amsterdam, The Netherlands.

The main topics for the GSM are the following:

-discussion and approval items on the 2020 Annual Report (including the annual report, the financial statements – consolidated and stand-alone – and the auditor report);
-approval of the distribution of a gross dividend of RON 0.75 per share; ex-date – 2 June 2021, the record date for the dividend – 3 June 2021, and the payment date on or around – 14 June 2021;
-release from liability of the members of the Board of Directors;
-remuneration report for 2020 (advisory, non-binding vote);
-appointment of the statutory auditor for the the financial year ending December 31, 2021;
-designation of the Board of Directors as the competent body to repurchase own Class B Shares;
-approval of award of stock options to executive and non-executive directors.

We kindly invite the market to visit the Company’s website at
http://www.digi-communications.ro/en/general-share-holders (for English readers) and at http://www.digi-communications.ro/ro/aga (for Romanian readers) to review the documentation package for the GSM.

The above-mentioned section from the Company’s website also contains the English and Romanian complete versions of the 2020 Annual Report, the 2020 Consolidated and Stand-alone Financial Statements of the Company, as well as the Independent Auditor’s Report.

The document named ‘Agenda and explanatory notes’ contains detailed descriptions regarding the items for the GSM.

Any shareholder interested in attending or voting at the GSM needs to follow the procedures set out in the articles of association of the Company (available at http://www.digi-communications.ro/en/corporate-governance) and on the ‘Convocation Notice’ available at http://www.digi-communications.ro/en/general-share-holders).

Also, the Company would like to announce that Digi Communications N.V. Group’s Annual Report for the year ended December 31, 2020 is available starting with April, 6 2021 also on the Company’s website (www.digi-communications.ro), under the section Investor Relations.

ANNUAL GENERAL MEETING OF DIGI COMMUNICATIONS N.V. (THE COMPANY) TO BE HELD ON TUESDAY, 18 MAY 2021, AT 14:00 PM CEST AT THE OFFICES OF FRESHFIELDS BRUCKHAUS DERINGER LLP (AMSTERDAM OFFICE), STRAWINSKYLAAN 10, 1077 XZ AMSTERDAM, THE NETHERLANDS

AGENDA

1. Opening
2. Annual Report 2020

a. Board report 2020 (discussion item)
b Dividend and Reservations Policy (discussion item)
c. Adoption of the 2020 Annual Accounts (voting item)
d. Distribution of dividend (voting item)
e. Release from liability of the members of Board of Directors (voting item)

3. Remuneration Report for 2020
Remuneration Report for 2020 (advisory, non-binding vote)
4. Appointment of Statutory Auditor
Proposal to appoint Ernst & Young Accountants, LLP, Netherlands as the statutory auditor of the Company for the financial year 2021 (voting item)
5. Designation of the Board of Directors as the competent body to repurchase own Class B Shares
Designation of the Board of Directors as the competent body to repurchase Class B Shares (voting item)
6. Approval of award of stock options to executive and non-executive directors. Authorize the Board of Directors to decide upon the award of stock options to executive and non – executive directors of the Company (voting item)

7. Close of Meeting

SOURCE: EuropaWire

Further amendment in Digi Communications N.V. 2021 Financial Calendar

BUCHAREST, Romania, 31-Mar-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV would like to announce the investors and the market that there has been an amendment regarding its 2021 Financial Calendar. Due to recent developments, the Company’s procedure for internal approval and audit of the different sections of the 2020 Annual Report had to be delayed.

The Company thus announces a new financial calendar, stipulating a new date for the publication of the 2020 Annual Report and a new date for the General Meeting of Shareholders available on the Company’s official website (Investor Relations Section/Financial Calendar), at the following link: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

SOURCE: EuropaWire

Hungary: 4iG Plc. to acquire DIGI Távközlési Szolgáltató Ltd.

BUDAPEST, Hungary, 29-Mar-2021 — /EPR FINANCIAL NEWS/ — Digi Communications NV (The Company) would like to inform its investors and the market that on March 29, 2021 the Company’s Romanian subsidiary and 4iG Plc. (4iG Plc.) one of the leading companies of the Hungarian IT and ICT market, entered into a preliminary, non-binding agreement regarding the acquisition of DIGI Távközlési Szolgáltató Ltd. (Digi Hungary) and its subsidiaries, Invitel Ltd. and I TV Ltd. Pursuant to the understanding of the parties, 4iG would acquire a 100 percent stake in Hungary’s leading telecommunications and media service group. The acquisition is aimed to be completed by September 2021, subject to due diligence of Digi Hungary and its subsidiaries, the signing of a sale and purchase agreement, and the necessary competition authority approvals.

Digi Hungary is a leading telecommunications service provider in Hungary, with 23 years of experience and a broad service portfolio covering cable TV, fixed internet and data, mobile telecommunication services, fixed-line telephony and Direct To Home (DTH) services. It serves more than 1.1 million subscribers nationwide and has over 2.5 million Revenue Generating Units (RGUs) as of 31 December 2020.

In 2020, Group’s consolidated sales revenue in Hungary was HUF 70 billion (approx. EUR 200 million) and its adjusted EBITDA reached HUF 19 billion (approx. EUR 54 million).

4iG Plc. is one of the leading companies of the Hungarian IT and ICT market, plays a leading role in Hungary’s knowledge-based digital economy. 4iG has been present in the field of industry and industry-independent innovative technologies for more than 25 years.

SOURCE: EuropaWire

Digi Communications N.V. CEO Serghei Bulgac sold 4952 class B shares held in the Company’s share capital

BUCHAREST, Romania, 17-Mar-2021 — /EPR FINANCIAL NEWS/ — The Company would like to inform the market and its investors that, in accordance with the provisions of article 19 para. (1) of the Market Abuse Regulation, Mr. Serghei Bulgac, Chief Executive Officer and Executive Director of the Company, notified the Company in connection with the sale, during 12 March and 15 March 2021, of a number of 4952 class B shares held in the Company’s share capital.

In connection with this transaction, Mr. Serghei Bulgac notified also the Romanian Financial Supervisory Authority (ASF) and the Dutch Authority for the Financial Markets (AFM). Mr. Serghei Bulgac fulfilled the notification requirements under the Company’s internal policies.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

NASDAQ listed Ideanomics buys minority stake in Italian manufacturer of high performance electric motorcycles

 NEW YORK, 9-Mar-2021 — /EPR FINANCIAL NEWS/ — Ideanomics (NASDAQ: IDEX) (“Ideanomics” or the “Company”) is pleased to announce it has acquired 20% of Italian Energica Motor Company S.p.A. (Energica) for the consideration of $13.2 million. It develops high performance 100% battery-powered motorbikes. With this investment in Energica, Ideanomics expands its global footprint in the electric vehicle (EV) industry, and complements Treeletrik’s business in the ASEAN market. This investment marks continued investment in European-based OEM.

“Energica has combined zero emissions EV technology with high-performance engineering synonymous with Italy’s Motor Valley to create a range of exceptional products for the motorcycle market. It also has proprietary EV battery and DC fast-charging systems that have applications and synergies with Ideanomics Mobility. We are very impressed with Livia and her team, and we look forward to supporting them through their next phases of growth,” said Alf Poor, CEO of Ideanomics.

The rapid increase of EV sales that began in 2019 has continued to gain momentum over the past year. The global high performance electric motorcycle market is growing at a CAGR of over 35% from 2019-2024. With its state-of-the-art battery technology development, Energica was chosen by Dorna as a single manufacturer for the FIM Enel MotoE™ World Cup. With this partnership, Energica has been able to test new battery solutions and innovations in extreme conditions with the best riders in the world to advance its high-performance battery technology.

“We are proud to be part of this unified global platform”, says Livia Cevolini, CEO of Energica Motor Company S.p.A. “Ideanomics’ network of innovative companies will help accelerate the growth and adoption of new EV technologies such as Energica. We look forward to leveraging Ideanomics to capture market share in the rapidly growing global electric motorcycle market”.

For more information, visit: ideanomics.com and energicamotor.com.

SOURCE: EuropaWire

Changes in Digi Communications N.V. 2021 Financial Calendar

BUCHAREST, Romania, 10-Mar-2021 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V. would like to inform its investors and the market that an Amendment to the Financial Calendar for 2021 is available on the official website (Investor Relations Section/Financial Calendar): https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar

SOURCE: EuropaWire

A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência

LISBON, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — A Neowintech é um marketplace financeiro que tem por base uma filosofia de simplicidade, rapidez e conveniência. Ao estabelecer parcerias com vários prestadores de serviços financeiros, consegue dar acesso a um leque alargado de soluções para cada etapa da vida das pessoas.

Através de um perfil digital único que pode ser criado em menos de 5 minutos, os utilizadores conseguem aceder a produtos inovadores fornecidos por entidades terceiras, desde soluções de investimento a planos de pensões, hipotecas, e fundos de investimento – oferta essa que irá futuramente incluir mais serviços.

O resultado é um ponto central de gestão de finanças pessoais, com uma base tecnológica sólida e segura, a que toda a gente pode aceder de maneira completamente gratuita.

Sendo totalmente digital, cada parte da vida financeira de cada um pode ser acedida, gerida e impulsionada através do smartphone, dispensando qualquer tipo de papelada ou deslocações a locais físicos.

Ao selecionar cuidadosamente parceiros adequados, simplificar processos e melhorar a eficiência ao longo de toda a linha, a Neowintech pretende dar mais opções a mais pessoas, num processo de democratização de ferramentas e soluções que, ou estavam reservadas a um número limitado de pessoas, ou eram de tal modo complicadas que acabavam por contribuir para uma gestão financeira desnecessariamente não otimizada.

Em linha com esta filosofia, o processo de registo é também ele rápido e fácil. Basta fornecer o endereço de email e alguma informação pessoal. Isto inclui alguma documentação que tem o objetivo de validar a identidade do cliente, pelo que todos os requisitos de cada documento deverão ser lidos com atenção.

Este é um novo período de possibilidades financeiras. O alargamento do acesso é um dos pontos centrais da Era da Informação, e não há motivo para deixar a gestão financeira do lado de fora. Porque este é um assunto que deve estar presente para todas as pessoas. Torná-la mais fácil é mais do que uma preocupação de negócio para a Neowintech. É também uma missão, permitindo que cada vez mais pessoas possam melhorar as suas circunstâncias, sejam elas como forem.

SOURCE: EuropaWire

Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza

ROME, 26-Feb-2021 — /EPR FINANCIAL NEWS/ — Neowintech è un marketplace finanziario costruito attorno a una filosofia di semplicità, velocità e convenienza. Stabilendo partnership con diversi fornitori di servizi finanziari, è in grado di offrire l’accesso a una gamma completa di soluzioni per le molteplici e diverse fasi della vita delle persone.

Sotto un unico profilo digitale che può essere creato in meno di 5 minuti, gli utenti possono accedere a prodotti innovativi forniti da partner terzi, incluse soluzioni di investimento, piani pensionistici, mutui e fondi di investimento – con ulteriori servizi in arrivo in futuro.

Il risultato è un punto centrale della gestione delle finanze personali, solidamente costruito su una tecnologia sicura, a cui tutti possono accedere facilmente e completamente gratuito.

Essendo completamente digitale, è possibile accedere, gestire e migliorare ogni aspetto della propria vita finanziaria attraverso il proprio smartphone, senza bisogno di scartoffie o di recarsi a una sede fisica.

Selezionando attentamente i partner adatti, semplificando i processi e migliorando l’efficienza dall’inizio alla fine, Neowintech mira a portare più opportunità a più persone, democratizzando efficacemente l’accesso a strumenti e soluzioni che in precedenza erano riservati a un numero limitato di persone, oppure talmente complicati da lasciare la gestione finanziaria personale inutilmente sotto ottimizzata.

In linea con la sua filosofia, anche l’iscrizione è molto semplice e veloce. E’ sufficiente fornire un indirizzo email e alcune informazioni personali. Ciò include fornire documenti al fine di garantire la corretta identificazione del cliente, quindi tutti i requisiti i termini di documentazione devono essere letti attentamente.

Questa è una nuova era di possibilità finanziarie. Un maggiore accesso alle nuove opportunità è uno degli elementi fondamentali dell’Era dell’Informazione e non c’è motivo per cui la gestione del denaro debba esserne esclusa. Perché si tratta di qualcosa che dovrebbe essere nella mente di tutti. Rendere più facile per le persone farlo non è solo una preoccupazione aziendale per Neowintech, ma anche una missione in modo che più persone possano migliorare la propria situazione, indipendentemente da dove si trovano.

SOURCE: EuropaWire

Digi Communications NV 2020 Preliminary Financial Results published

BUCHAREST, Romania, 23-Feb-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that the 2020 Preliminary Financial Results are available on the Company’s website.

For more details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares/annual-reports-shares

Also, on 24 February 2021 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the 2020 Preliminary Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 24 February 2021.

SOURCE: EuropaWire

Digi Communications N.V. to host its Q3 2020 financial results conference call on 24 February 2021

BUCHAREST, Romania, 17-Feb-2021 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 24 February 2021 at 14:00 UK time/ 16:00 EEST (Romania local time) it will host a conference call to discuss the 2020 Preliminary Financial Results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 24 February 2021.

A recording of the conference call will be available on our website for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Digi Communications N.V. Financial Calendar for 2021 now available on their website

BUCHAREST, Romania, 11-Jan-2021 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V. would like to inform its investors and the market that the Financial Calendar for 2021 is available on the official website: www.digi-communications.ro (Investor Relations Section/Financial Calendar).

SOURCE: EuropaWire

Digi Communications N.V. subsidiary RCS & RDS S.A. signs a EUR 150M senior facility agreement with group of banks

BUCHAREST, Romania, 16-Dec-2020 — /EPR FINANCIAL NEWS/ — The Company (Digi Communications N.V.) would like to inform its investors and the market that, on 15 December 2020, RCS & RDS S.A. (the Company’s subsidiary in Romania – „RCS&RDS”), as borrower and original guarantor, DIGI Távközlési és Szolgáltató Korlátolt Felelősségű Társaság as original guarantor, INVITEL Távközlési Zrt as Original Guarantor, the Company, as original guarantor, DIGI Spain Telecom S.L.U., as original guarantor and Citigroup Europe plc, Dublin Romanian Branch, ING Bank N.V. Amsterdam, Bucharest Branch and Unicredit Bank S.A. as original lenders and ING Bank N.V. as the facility agent of the other Finance Parties have concluded a senior facility agreement consisting in (i) a term loan facility in a total aggregate amount representing the RON equivalent of EUR 100,000,000; (ii) a revolving credit facility in a total aggregate amount representing the RON equivalent of EUR 50,000,000, for a period equal to the period between signing and the third anniversary of the Senior Facilities Agreement, and also permits the establishment from time to time of incremental facilities to be made available in accordance with the terms and within the limits of the Senior Facilities Agreement.

The term loan facility under the Senior Facility Agreement is meant to be used for the purposes of refinancing the amounts made available under the Facilities Agreement dated 7 October 2016, while the revolving facility may be used for capital expenditure, investments, general corporate, and working capital purposes (including intra-group loans) of the Digi group.

For details regarding the reports, please access the official websites designated of Digi: www.digi-communications.ro (Investor Relations Section).

SOURCE: EuropaWire

Digi Communications N.V. published its Q3 2020 financial results


BUCHAREST, Romania, 13-Nov-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that Q3 2020 financial results are available on the Company’s website.

For details, please see: https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares

SOURCE: EuropaWire

Digi Communications N.V. to host its Q3 2020 financial results conference call on 13 Nov 2020

BUCHAREST, Romania, 6-Nov-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 13 November 2020 at 14:00 UK time / 16:00 EEST (Romania local time) it will host a conference call to discuss the Q3 2020 financial results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 13 November 2020.

A recording of the conference call will be available on our website for 30 days: www.digi-communications.ro

SOURCE: EuropaWire

Digi Communications NV: Digi Spain extends Spanish MVNO Agreement

BUCHAREST, Romania, 9-Oct-2020 — /EPR FINANCIAL NEWS/ — DIGI COMMUNICATIONS N.V.  (BVB: DIGI) (The Company) would like to inform its investors and the market that on October, 8 the Company’s subsidiary from Spain (Digi Spain) and Telefonica Moviles España, S.A. (TME) agreed to extend the duration of the agreement regarding Digi Spain’s access to TME’s radio spectrum and mobile communication network and infrastructure (“The Spanish MVNO Agreement”) until September 30, 2026.

About Digi Communications NV

Digi is the parent holding company of RCS & RDS, a leading provider of pay TV and telecommunications services in Romania and Hungary. In addition, RCS & RDS provides mobile services as an MVNO to the large Romanian communities living in Spain and Italy, and in Spain it also provides fixed internet and data and fixed-line telephony services.

SOURCE: EuropaWire

Syniti’s CEO TO CEO Podcast to feature in-depth, conversational interviews with leading CEOs

BOSTON, MA, U.S.A., 18-Sep-2020 — /EPR FINANCIAL NEWS/ — Syniti, a leader in enterprise data management, announced today the launch of a global weekly podcast series, the “CEO TO CEO Podcast.” This new podcast focuses on delivering exclusive insights for complex, C-suite challenges, including mergers, acquisitions and divestitures (MA&D). The series will feature interviews with some of the world’s top CEOs and thought leaders, many of whom led history-making transactions.

The podcast will launch Wednesday, September 23, 2020, featuring in-depth, conversational interviews with leaders like:

  • Joe Tucci, former Chairman of the Board of Directors, President and Chief Executive Officer of EMC Corporation, now Dell EMC, and Chairman and Co-Founder of Bridge Growth Partners
  • Paula Tolliver, former Corporate Vice President and CIO and CDO of Intel Corporation and former Corporate Vice President of Business Services and CIO at the Dow Chemical Company, and
  • Josh Moffitt, Founder and President of Silverton Mortgage

“History has proven that during times of rapid changes and unknowns, such as the 2008 financial crisis, organizations look to MA&D to both protect and grow their business,” said Kevin Campbell, CEO of Syniti and host of the podcast series. “We are pleased to launch this new podcast series to help companies face these challenges with an insider’s perspective, and help business become more resilient through M&A&D.”

According to EY’s Global Capital Confidence Barometer, in today’s economic environment, more than half of executives globally are opting to transform through transactions and plan an acquisition this year. McKinsey & Company also reported that companies that regularly and systematically pursue moderately sized M&A deliver better shareholder returns than companies that don’t.

“The complexities of MA&D are daunting every time,” said Chris Knerr, Syniti Chief Data Officer. “Data is increasingly essential to delivering successful transactions. We are bringing together leaders who have successfully led global transformations to dive deeper into the power of data to accelerate time-to-value and greatly reduce execution risk. With more than 24 years of business expertise in data and end-to-end conversion technology, we’ve seen firsthand how data can increase transparency, drive business value capture, and support integration strategies that speed and smooth business transactions of all sizes.”

According to Edison Research, podcasts reach over 100 million Americans each month. “Podcasts are available where the listener is, whether at home, commuting, in-between business meetings, after dinner or with early morning coffee,” said Rex Ahlstrom, Syniti Chief Strategy & Technology Officer. “By leveraging this medium, we can further help business leaders access critical insights from top M&A&D practitioners wherever they are – at home, in the office, or on-the-go.”

To learn more or to listen to Syniti’s CEO TO CEO Podcast please click the following links to subscribe – Apple Podcast; Spotify and iHeartRadio.

To learn how Syniti’s expertise and end-to-end solutions master the complexities of M&A&D, please visit https://www.syniti.com/mergersandacquisitions.

SOURCE: EuropaWire

CoapTech Raises $7 Million in Series B Funding Led by Hunniwell Lake Ventures

Baltimore, MD, 2020-Aug-28 — /EPR FINANCIAL NEWS/ — CoapTech LLC (Baltimore, MD), a leading medical device start-up pioneering the world’s first and only ultrasound-based feeding tube placement system, announced today the closing of a Series B investment of $7 million led by Palo Alto-based medical device venture capital firm Hunniwell Lake Ventures. The financing will be used to fund CoapTech’s commercialization of its FDA-cleared PUMA-G System.

By simplifying gastrostomy procedures to the point where they can be conducted at the patient’s bedside with ultrasound, hospitals using PUMA-G benefit by freeing up surgical suites and personnel resources for COVID and other clinical priorities, minimizing cross-contamination, and improving efficiencies in care.

CoapTech was founded by critical care physician Dr. Steven Tropello and clinical innovation researcher Howard Carolan, to reduce unnecessary delays, harm, and costs for feeding tube placement, a vital therapy for millions of patients each year around the world.

Howard Carolan, CEO and Co-Founder, states: “We have been receiving fantastic feedback from hospitals in our initial launch program, which are using the PUMA-G System to revolutionize feeding tube placement. By using ultrasound at the patient bedside, rather than the conventional approach of orchestrating expensive and inefficient consults, critical care physicians are completing these procedures in minutes, on the same shift a feeding tube is first indicated. We’re seeing early indications those efficiencies result in patients leaving the ICU sooner, which saves hospitals many thousands of dollars per admission. A substantial portion of this new funding is from physicians who have seen the device and believe it can become the new default method for feeding tube placement.”

Dr. Steven Tropello elaborates, “the PUMA-G System is proving itself ready for standard-of-care adoption for safe and timely gastrostomy tube placement. It is also proving a powerful approach in the fight against COVID, by completely eliminating transport of patients, team members, and reprocessed tools throughout the hospital in favor of a sterile, disposable, bedside solution. I am also very excited about other clinical applications of the PUMA platform we are developing and aim to have for patients in the near future.”

This Series B investment was led by Hunniwell Lake Ventures, a Palo Alto-based medical device venture capital firm.

Daniel Teo, Managing Partner at Hunniwell Lake Ventures, further states “Coaptech’s PUMA System has the potential to transform gastrostomy and many other surgical procedures by allowing them to be performed using ultrasound at the bedside, in hospitals, ambulatory centers, skilled nursing facilities, and LTACHs (Long-term Acute Care Hospitals). This also benefits patients by bringing the procedure closer to the Point-of-Demand (PoD) and giving them more options with a larger community of medical providers capable of performing the procedure.

Media contacts:

CoapTech
info@coaptech.com
www.coaptech.com

Hunniwell
info@hunniwell.com
www.hunniwell.com

Via EPR Network
More Financial press releases

Digi Communications NV 1H-2020 Financial Results now available

BUCHAREST, Romania, 14-Aug-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that H1 2020 financial results are available on the Company’s website.

For details, please see:

https://www.digi-communications.ro/en/investor-relations/shares/financial-results-shares

SOURCE: EuropaWire

Digi Communications N.V. will host conference call on 14 August 2020 to discuss H1 2020 financial results

BUCHAREST, Romania, 7-Aug-2020 — /EPR FINANCIAL NEWS/ — Digi Communications N.V. (“Digi” or the “Company”) announces that on 14 August 2020 (at 14:00 UK time / 16:00 EEST – Romania local time) it will host a conference call to discuss the H1 2020 financial results.

To participate please follow the instructions from our website: https://www.digi-communications.ro/en/investor-relations/shares/financial-calendar and pre-register for the call. The deadline for pre-registration is until 12:00 UK time/ 14:00 EEST (Romania local time) on 14 August 2020.

A webcast of the call and the presentation materials will be available on our websites and the webcast will be archived for 30 days: www.digi-communications.ro

SOURCE: EuropaWire