Nexa3D Brings Additive Production Solutions to IMTS 2022

 VENTURA, Calif. - Wednesday, 07. September 2022 AETOSWire

The company to showcase exponential throughput and economic gains with its comprehensive 3D printer portfolio spanning from desktop to the factory floor 

Orders of magnitude throughput, higher productivity, and lowest TCO of polymer additive manufacturing available on the market, to be featured in booth #432504 in the Additive Manufacturing Pavilion

Comprehensive end-to-end photopolymer and thermoplastic additive manufacturing portfolio of printers and new materials geared at scaled additive production

Highlighting real manufacturing applications by Applied Rapid Technologies / Obsidian Solutions, Wilson Sporting Goods, PepsiCo, and more

 

(BUSINESS WIRE) -- Nexa3D, the leading maker of ultrafast professional and industrial polymer 3D printers, today announced its plans to exhibit at IMTS, taking place September 12-17 in Chicago, Illinois. For its first showing at IMTS, Nexa3D is bringing its full – and rapidly expanding - additive manufacturing portfolio to Chicago.

Among the real-world use cases highlighted at the booth will be the work with Applied Rapid Technologies (ART), where Nexa3D will demonstrate the benefits of owning the industrial 3D printing fleet for an on-demand manufacturing operation that replaces traditional urethane casting. Ultrafast, high performance resin 3D printing enables companies like ART to serve its customers’ needs in a more cost-effective manner and at a fraction of the time typically associated with traditional manufacturing methods. “Being a service provider with the Nexa3D machines - having 8 of them online now - just gives us more flexibility to take on projects and turn them around quickly. For years, we called this rapid prototyping, but it has really morphed into additive manufacturing,” said Bruce LeMaster, Vice President of Manufacturing at Obsidian Solutions Group.

“Nexa3D’s rapidly expanding product portfolio of ultrafast industrial solutions for the entire product life cycle democratizes access to industrial strength additive manufacturing tools, materials, and workflows for the benefit of small and large users. With no end in sight to persisting supply chain shortages, small and large product companies are more ready than ever before to explore digital manufacturing solutions and we are here to assist,” said Avi Reichental, CEO, and co-founder of Nexa3D.

Nexa3D’s end-to-end validated workflows, comprising its NexaX software platform, expanding functional polymer materials, and automated post processing deliver orders of magnitude better throughput and total cost of ownership advantages to businesses that are seeking to nearshore or localize parts of their supply chain operations. The company plans to showcase its latest industrial shop printers including its flagship NXE 400 and NXE 200 ultrafast 3D printers alongside its xCure, and xClean post-processing tools. The company also plans to introduce several new functional resins at the show.

As part of its rapidly expanding portfolio of manufacturing solutions, Nexa3D also plans to demonstrate the full power of its ultrafast XiP 3D printer in a production cell configuration, showcasing industry leading throughput, cost effectiveness, and functional material selection, powered by its open source platform enabling hyperlocal, flexible manufacturing.

The company plans to commercially launch previously announced QLS 820 high-productivity industrial sintering solution along with a powder processing system at IMTS. Designed for higher operating temperatures and broader powder processing windows, the QLS 820 offers the highest part throughput in its class, delivering unprecedented production throughput and flexibility. The system is a compelling alternative to traditional injection molding, designed with integration-ready Industry 4.0, lights-out manufacturing capabilities.

Nexa3D plans to take center stage on Wednesday, Sept. 14 at 1:00PM alongside its customer, PepsiCo, to talk about the latest manufacturing innovations in packaging design and development made possible by its ultrafast NXE 400 3D printers. More information and registration details available here.

As part of IMTS, the company plans to make several significant product commercialization announcements throughout the week from the show floor.

To learn more about the additive manufacturing solutions Nexa3D plans to exhibit at IMTS view the media kit.

About Nexa3D

Nexa3D is passionate about digitizing supply chains sustainably. The company makes ultrafast polymer 3D printers that deliver up to 20x productivity gains to professionals and businesses of all sizes. Partnerships with world-class material suppliers and its open materials platform unlock the full potential of additively manufactured polymers for volume production. Automated software tools optimize the entire production cycle using process interplay algorithms that ensure part performance and production consistency, while reducing waste, energy, and minimizing carbon footprints.

For more information on Nexa3D and its products, visit the Nexa3D website, or connect socially on LinkedIn, Twitter, Facebook, and Instagram.

 

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Contacts

Nexa3D

Nina Swienton

Chief Marketing Officer

nina.swienton@nexa3d.com

 

Mavenir and NEC drive Open RAN forward with deployment of massive MIMO on Orange’s 5G SA experimental network in France

 Deployment milestone for Open vRAN mMIMO running over O-RAN Alliance Open Fronthaul Interface

(BUSINESS WIRE) -- Mavenir and NEC Corporation (NEC) have deployed massive MIMO (mMIMO) on Orange’s 5G standalone (SA) experimental network.

Mavenir’s cloud-native Open virtualised Radio Access Network (Open vRAN) software has been deployed on Orange’s cloud infrastructure with NEC’s 32T32R mMIMO active antenna unit (AAU) to deliver high capacity and enhanced coverage. Interoperability between radios and virtualised Distributed Units (vDUs) over the O-RAN Alliance Open Fronthaul Interface is key to Open RAN’s ability to simplify the deployment of multi-vendor networks and eliminate vendor lock-in.

The technologies have been deployed at the Orange Gardens campus in Chatillon near Paris, and are part of the extension of project Pikeo – Orange’s cloud-based and fully automated 5G SA experimental network, also called Pikeo at this site.

“Mavenir and NEC’s successful Open RAN deployment of mMIMO on Orange’s Innovation 5G SA experimental network is a major stepping stone on the road towards Open RAN deployments and illustrates Orange’s commitment to support the development of multi-vendor Open RAN solutions with innovative partners. Our Open RAN Integration Centre, open to our partners worldwide, contributes to the development of a strong Open RAN ecosystem in Europe,” said Arnaud Vamparys, SVP Radio Access Networks and Microwaves at Orange.

“Deploying 5G SA mMIMO is a significant milestone in developing Open RAN and transitioning from virtualised to cloudified networks. We are very proud of our continuing collaboration with Orange, NEC and other companies that are proving the potential of the multi-vendor, cloud-native, standards-based approach,” said Hubert de Pesquidoux, Executive Chairman of Mavenir.

“The latest deployment of Open RAN mMIMO in Europe is another milestone for Open RAN and one that required close collaboration and tight integration between multiple vendors. This synergy is exactly what Open RAN needs to successfully deliver on its promise of a truly open multi-vendor ecosystem,” said Naohisa Matsuda, General Manager of NEC’s 5G Strategy and Business. “Forward-thinking mobile operators like Orange are showcasing the potential of Open RAN mMIMO. This is the right time for the mobile industry to follow the blueprint set by industry-leading operators to move to the new era of Open RAN-powered connectivity.”

About Mavenir:

Mavenir is building the future of networks and pioneering advanced technology, focusing on the vision of a single, software-based automated network that runs on any cloud. As the industry's only end-to-end, cloud-native network software provider, Mavenir is focused on transforming the way the world connects, accelerating software network transformation for 250+ Communications Service Providers and Enterprises in over 120 countries, which serve more than 50% of the world’s subscribers. www.mavenir.com

About NEC Corporation:

NEC Corporation has established itself as a leader in the integration of IT and network technologies while promoting the brand statement of “Orchestrating a brighter world.” NEC enables businesses and communities to adapt to rapid changes taking place in both society and the market as it provides for the social values of safety, security, fairness and efficiency to promote a more sustainable world where everyone has the chance to reach their full potential. For more information, visit NEC at https://www.nec.com.

 

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ABB Shareholders Approve Accelleron Spin-off

 (BUSINESS WIRE) -- The shareholders of ABB approved the proposed spin-off of its Accelleron turbocharging division at today’s Extraordinary General Shareholders Meeting of ABB Ltd held in Zurich. The Board of Directors’ proposal to spin off ABB’s market-leading turbocharging business by way of a dividend in kind of Accelleron Industries Ltd’s shares to ABB’s shareholders was supported with 99.72 percent of the votes. ABB will distribute to its shareholders, on a pro rata basis, as a dividend in kind, 1 Accelleron share for 20 ABB Ltd shares held. Shareholders representing 62.3 percent of the total share capital with a right to vote took part in the meeting.

Accelleron’s listing on SIX Swiss Exchange in Zurich is planned for October 3, 2022. ABB plans to publish Accelleron’s listing prospectus on September 23, 2022.

Accelleron is a global leader in turbocharging technologies and optimization solutions for 0.5 to 80+ MW engines, helping to provide sustainable, efficient and reliable power to the marine, energy, rail, and off-highway sectors. Through its innovative product offerings and research leadership, the company accelerates the decarbonization of the industries it operates in. Accelleron has an installed base of approximately 180,000 turbochargers and a network of more than 100 service stations across 50 countries worldwide. www.accelleron-industries.com

ABB (ABBN: SIX Swiss Exchange) is a leading global technology company that energizes the transformation of society and industry to achieve a more productive, sustainable future. By connecting software to its electrification, robotics, automation and motion portfolio, ABB pushes the boundaries of technology to drive performance to new levels. With a history of excellence stretching back more than 130 years, ABB’s success is driven by about 105,000 talented employees in over 100 countries. www.abb.com

Disclaimer

This press release and the information contained herein are for information purposes only. The distribution of this press release and the distribution of any securities in connection with this transaction may be restricted by law in certain jurisdictions and persons into whose possession this document or other information referred to herein comes should inform themselves about and observe any such restriction. Any failure to comply with these restrictions may constitute a violation of the securities laws of any such jurisdiction.

This press release is not an offer of securities or investments for sale nor a solicitation of an offer to buy securities or investments in any jurisdiction where such offer or solicitation would be unlawful. No action has been taken that would permit an offering of the securities or possession or distribution of this press release in any jurisdiction where action for that purpose is required. Persons into whose possession this press release comes are required to inform themselves about and to observe any such restrictions.

This press release does not constitute or form a part of any offer of securities or solicitation to purchase or subscribe for securities in the United States. The securities may not be offered, subscribed or sold in the United States absent registration under the U.S. Securities Act of 1933, as amended (the “U.S. Securities Act”), except pursuant to an exemption from, or in a transaction not subject to, the registration requirements thereof. Any securities to be distributed in connection with this transaction have not been and will not be registered under the U.S. Securities Act or the laws of any state of the U.S. Neither ABB Ltd nor Accelleron Industries Ltd intends to register any securities referred to herein in the U.S.

Important notice about forward-looking information

This press release includes forward-looking information and statements, which are based on current expectations, estimates and projections about the factors that may affect our future performance, including the economic conditions of the regions and industries that are major markets for ABB. These expectations, estimates and projections are generally identifiable by statements containing words such as “anticipates”, “expects”, “believes”, “estimates”, “plans”, “targets”, “aims” or similar expressions. However, there are risks and uncertainties, many of which are beyond our control, that could cause actual results to differ materially from the forward-looking information and statements made in this press release and which could affect our ability to achieve any or all of our stated targets or anticipated transactions. Some important factors that could cause such differences include, among others, business risks associated with the COVID-19 pandemic, the volatile global economic environment and political conditions, costs associated with compliance activities, market acceptance of new products and services, changes in governmental regulations and currency exchange rates, the impact of the financial performance of Accelleron, and such other factors as may be discussed from time to time in ABB Ltd’s filings with the U.S. Securities and Exchange Commission, including its Annual Reports on Form 20-F. Although each of ABB Ltd and Accelleron Industries Ltd believes that its expectations reflected in any such forward-looking statement are based upon reasonable assumptions, it can give no assurance that those expectations will be achieved. The foregoing list of factors is not exclusive and undue reliance should not be placed upon any forward-looking statements, including projections, which speak only as of the date made. ABB Ltd and Accelleron Industries Ltd do not undertake to update, and expressly disclaim any duty to update, any forward-looking statements, whether as a result of circumstances or events that arise after the date they are made, new information, or otherwise.

 

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Contacts

ABB Ltd

Affolternstrasse 44

8050 Zurich

Switzerland

Media Relations

Phone: +41 43 317 71 11

Email: media.relations@ch.abb.com

Investor Relations

Phone: +41 43 317 71 11

Email: investor.relations@ch.abb.com

 

Padma Ravichander Closes the First Round of Acquisition of Tecnotree Corporation Shares from Fitzroy Investments Limited

 ESPOO, Finland - Wednesday, 07. September 2022

(BUSINESS WIRE)--In pursuance to the release dated 3rd June 2022, Padma Ravichander, the CEO of Tecnotree Corporation (“Tecnotree”) and Fitzroy Investments Limited (“Fitzroy”) have today entered into a definitive agreement wherein Fitzroy will sell the first tranche of 7,500,000 shares of Tecnotree to Padma Ravichander for a purchase price of EUR 0.74 per share, which is a 3% premium on the 50-day moving-average of the Tecnotree share price on the NASDAQ Helsinki Stock Exchange. By executing this transaction, the parties have materialized the first tranche of the investment agreed by the parties. The final tranche of the investment shall be completed by December 2022. The parties shall make the necessary market notifications as required under applicable law with respect to this transaction.

 

This transaction further validates our vision to ‘empower digitally connected communities’ and bring sustainable and inclusive development to our customers through our digital platform, software and services. The core of our business is to enable essential connectivity service offerings with European Finnish innovation. I am proud to say that our digital products and platforms are gaining continuous acceptance globally including Middle East and emerging markets which is testament to our One-Tecnotree brand. I am happy that this transaction reinforces my commitment to stay invested in the long-term vision of Tecnotree” says Padma Ravichander, the CEO of Tecnotree.

About Tecnotree

Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AIML capabilities and multi-cloud extensibility. Tecnotree is among the first companies in the world to be Platinum Certified by TM Forum Open API standards, and our agile and open-source Digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on Helsinki Nasdaq (TEM1V). For more information, please visit www.tecnotree.com

 

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Padma Ravichander, CEO, Tecnotree

marketing@tecnotree.com

Eaton to highlight sustainable commercial vehicle technologies at IAA Transportation show

 (BUSINESS WIRE) -- Power management company Eaton will display its Vehicle Group's innovative portfolio of internal combustion solutions for commercial vehicles Sept. 20-25 at the IAA Transportation show in Hannover, Germany.

"Although the transition to electrification is progressing, OEMs continue to seek improvements in fuel emissions and consumption for internal combustion engines," said Traci Melville, senior vice president and general manager, Global Products, Eaton's Vehicle Group. "In fact, according to KGP Powertrain Intelligence, there will be more than 30 million commercial vehicles produced with a diesel engine over the next decade."

Variable Valve Actuation technologies are flexible, reduce emissions

Eaton's Variable Valve Actuation (VVA) solutions are flexible and adaptable to any valvetrain architecture, allowing OEM customers to implement one or multiple functions that can significantly reduce carbon dioxide (CO2) and nitrogen oxides (NOx) emissions and lower fuel use.

Cylinder deactivation keeps selective catalytic reduction (SCR) at optimal temperatures by operating just two or three cylinders rather than all six in light-load conditions. That effectively delivers higher exhaust temperatures from the functioning cylinders at low speeds and loads or when the truck is neutral coasting, two conditions that can quickly cool aftertreatment systems. Concurrently, cylinder deactivation also lowers fuel consumption.

Late intake valve closing improves the engine's thermal efficiency, enabling a higher compression ratio, which reduces CO2 emissions and increases exhaust gas temperature that contributes to aftertreatment performance.

TVS EGR pump more controllable than competitive offerings

Eaton's positive-displacement TVS® exhaust gas recirculation (EGR) pump enables the use of a high-efficiency turbo to reduce engine pumping losses and increase fuel economy. The TVS® EGR pump is driven by a 48-volt electric motor, making it completely independent from engine speed and significantly more controllable than pumpless EGR systems.

Decompression engine brake compact, integrates into small engines

Eaton's decompression engine brake technology enhances brake power in the full engine operating range and is compact for easy integration into smaller engines.

Eaton's engine decompression brake is a valvetrain system with a mechanism to quickly switch between driving and engine braking mode according to customer requirements and can be integrated into a standard assembly.

Eaton's valves operate in demanding engine applications

Eaton offers a portfolio of differing valves, including monometallic and bimetallic, solid and hollow sodium cooled, seat faced and coated, providing a suitable solution for all vehicle applications. Eaton is developing new valve technologies for future commercial vehicles, including those with hydrogen internal combustion engines (ICE). Unlike traditional diesel-powered commercial vehicle engines, hydrogen ICE powertrains can operate dry combustion at extremely elevated temperatures depending on engine calibration.

Eaton is leveraging its nearly 100 years of experience in valve production to support hydrogen applications and the next generation of diesel engines. One possible solution is a sodium-filled hollow valve, which enables internal cooling. Wear protection is ensured by selecting the proper materials and coatings among the several grades available in Eaton's portfolio.

Eaton, Tenneco offer exhaust thermal management system to reduce emissions

Eaton and Tenneco launched a joint development agreement between Eaton's Vehicle Group and Tenneco's Clean Air business to produce an integrated exhaust thermal management system that enables commercial truck manufacturers to meet upcoming emissions regulations.

The integrated exhaust thermal management system provides heat directly to the vehicle's aftertreatment system, which is essential for reducing harmful exhaust emissions. Eaton's electrically driven TVS® blower precisely controls the airflow so the system can maintain optimal aftertreatment temperatures.

48-volt electric catalyst heater controller provides precise aftertreatment control

Eaton offers an air-cooled electric catalyst heater controller as part of its broader 48-volt electrical system portfolio. It contains several technologies that allow manufacturers to integrate 48-volt architectures into next-generation commercial vehicles. The controller manages the power delivered to the aftertreatment heater and is designed to receive commands from the aftertreatment system and provide soft-start and soft-stop capabilities for maintaining system voltage control.

48-volt DC-DC Converter for dual-voltage electrical systems

Eaton is developing a DC-DC Converter for 48V system architectures that will enable future powertrains to comply with new emissions regulations and provide higher levels of electrical power for CO2 reduction and autonomous driving systems. Unlike competitive offerings, Eaton's DC-DC converters are operational in ambient temperatures up to 85 degrees Celsius and boast 97% design efficiency.

Supercapacitors for 48-volt system power storage

Eaton has a current portfolio of supercapacitors for use in commercial vehicle applications, including 48V commercial vehicle systems. In addition, Eaton is developing advanced technology to further increase the level of power and energy storage capacity in these products.

Supercapacitors can quickly charge and discharge at higher rates than lithium-ion batteries. While the size and weight are comparable to lithium-ion packs, supercapacitors don't retain high levels of energy in comparison, do not require a liquid cooling system and have a longer cycle life.

Eaton is an intelligent power management company dedicated to improving the quality of life and protecting the environment for people everywhere. Eaton is guided by its commitment to do business right, to operate sustainably and to help its customers manage power ─ today and well into the future. By capitalizing on the global growth trends of electrification and digitalization, Eaton is accelerating the planet's transition to renewable energy, helping to solve the world's most urgent power management challenges, and doing what's best for its stakeholders and all of society.

Founded in 1911, Eaton has been listed on the NYSE for nearly a century. We reported revenues of $19.6 billion in 2021 and serve customers in more than 170 countries. For more information, visit www.eaton.com. Follow us on Twitter and LinkedIn.

 

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Contacts

Thomas Nellenbach

thomasjnellenbach@eaton.com

(216) 333-2876 (cell)

President H.E. Volodymyr Zelenskyy rings bell at NYSE to signify Ukraine is open for business

 NEW YORK - Wednesday, 07. September 2022

The Advantage Ukraine initiative will drive foreign direct investment

(BUSINESS WIRE)--Ukraine President Volodymyr Zelenskyy virtually rang the Opening Bell of the New York Stock Exchange (NYSE) today, inviting businesses around the world to invest in the future of Ukraine.

The President’s appearance marked the launch of Advantage Ukraine, an initiative focused on attracting future investment into the country by showcasing the breadth of opportunity across sectors including agriculture, technology, education, and the creative industries as well as the tremendous potential offered by the country’s natural resources and educated workforce.

To drive engagement with potential investors, the government of Ukraine today launched www.advantageukraine.com featuring hundreds of growth opportunities and highlighting existing and future incentives to attract foreign direct investment. Ukraine is already a leader in the science and technology sectors and poised to grow, offering a well-educated, English-speaking workforce with in-demand STEM capabilities. Today, Ukraine has more graduates with degrees in technology than any other European country and has 240,000 citizens employed in the IT sector which is forecast to increase to 450,000 by 2024. Additionally, Ukraine leads among CEE countries in R&D activities and IT outsourcing.

President H.E. Volodymyr Zelenskyy said: “Even as we strive to secure our freedom and deliver relief to our proud people, I am urgently planning a prosperous future for Ukraine. The Advantage Ukraine program asks foreign investors and companies who have vision and courage to join us, and we will match the world’s best companies with superior growth opportunities. Bold businesses who see the potential in our country will help to realize the economic potential of Ukraine while benefitting from untapped growth opportunities.”

The $400+bn in investment options featured on AdvantageUkraine.com span public private partnerships, privatization and private ventures. A USAID-supported project team of investment bankers and researchers appointed by Ukraine’s Ministry of Economy will work with businesses interested in investing.

Lynn Martin, President of NYSE Group, said: “As the largest exchange globally, we stand for freedom, investor protection and unfettered access to capital. We are pleased to welcome President Zelenskyy virtually to the NYSE bell podium, a symbol of the freedom and opportunity our U.S. capital markets have enabled around the globe. We are honored the President has chosen the NYSE to mark the kickoff of Advantage Ukraine and engage with the world’s business community.”

To create a safe, transparent environment for business engagement, Ukraine is actively pursuing investment guarantees from both the G7 and European Union, reforming the country’s tax system, and establishing a legal framework. The country has already adopted rules and legislations to allow companies to build a transparent corporate structure, attract foreign investment more easily, and use additional mechanisms to protect intangible assets. Favorable conditions will make it possible to establish Ukraine as the most powerful IT hub in Central and Eastern Europe, and to quickly and effectively implement innovative business ideas.

Mark Read, CEO, WPP, said: “With a thriving technology sector and renowned creative industries, Ukraine has the potential to grow into a global center of innovation. At WPP, we are excited by the growth possibilities that Ukraine presents across many of the sectors represented by our client base, and the opportunities for the private sector to play a pivotal role in re-building the country’s economy.”

Sundar Pichai, CEO of Google and Alphabet, said: “I was humbled by the resilience and talent of the Ukrainian startup founders I met while visiting Google’s campus in Warsaw earlier this year. As we continue to help support Ukraine through our platforms and tools — and counter dangerous misinformation online — it’s important that we also support Ukrainian businesses working to sustain and grow their economy. I commend President Zelenskyy on the launch of Advantage Ukraine and the positive vision it lays out for Ukraine’s economic future.”

Brad Smith, President and Vice Chair, Microsoft Corporation, said: “Ukraine offers tremendous talent and expertise to companies looking to invest in technology. It’s why Microsoft has invested more than $200m over the past five years and why we are excited about the digital transformation Ukraine’s technology sector will deliver.”

Dr. Lori Esposito Murray, President, The Committee for Economic Development, the public policy center of the Conference Board, comprised of chief executive officers and key executives of leading U.S. companies, said: “The Committee for Economic Development (CED), which is committed to the goal of sustaining capitalism, commends the efforts of President Zelenskyy, the Ukrainian government, and global business leaders to ensure foreign direct investment in Ukraine, as the country strives to unleash its economic talent and rebuild for an independent and prosperous future. CED’s mission since its founding in 1942, has been to help plot a course for prosperity based on the principles of a rules based, free market, economic order and democratic institutions - including leading the establishment of the Marshall Plan, which facilitated the redevelopment of Europe following the devastation of World War II and establishing a stable global financial system with the Bretton Woods Agreement. As Ukraine looks to establish the necessary conditions for investment, the public and private sectors have a critical opportunity to work together to create sustainable economic growth, which we actively support.”

 

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Contacts

Olexandra Baty

Communications Advisor to the Minister of Culture and Information Policy of Ukraine

+380509578977

baty.o@mkip.gov.ua

 

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SINOVAC Approved to Initiate Clinical Trial for Its Omicron Containing COVID-19 Vaccine in Chile

SINOVAC Approved to Initiate Clinical Trial for Its Omicron Containing COVID-19 Vaccine in Chile

 (BUSINESS WIRE)--Sinovac Biotech Ltd. (“SINOVAC” or the “Company”) (NASDAQ: SVA), a leading provider of biopharmaceutical products in China, announced that the Chilean Public Health Institute (Instituto de Salud Pública, ISP) approved a phase II clinical trial for its inactivated Omicron strain COVID-19 vaccine and trivalent COVID-19 vaccine (ancestral, Delta and Omicron variants) on August 31st. The clinical trial will evaluate the immunogenicity and safety of one booster dose of the two candidate vaccines in adults who had received two booster doses of CoronaVac®, mRNA, or adenovirus vector COVID-19 vaccine. This study is the world's first study researching multivalent inactivated COVID-19 vaccine.

In this phase II randomized, double-blind, multicenter clinical trial, 826 fully vaccinated adults will be recruited. Participants belonging to the heterologous scheme are individuals who had received two CoronaVac® doses, and two boosters of mRNA-based or viral vector-based vaccines, while participants of the homologous scheme had received four doses of CoronaVac®. Individuals from the heterologous scheme will randomly receive a booster dose with the Omicron, Trivalent, or CoronaVac® vaccines, while individuals from the homogeneous group will randomly receive a booster dose of the Omicron or the trivalent vaccines.

Mr. Weidong Yin, the Chairman, President, and CEO of SINOVAC said, “SINOVAC has made great progress collaborating with global partners in the development and manufacturing of the COVID-19 vaccine. We are proud of the fact that CoronaVac® can protect individuals as young as 6 months of age and this clinical approval will allow even better vaccine protection.”

About SINOVAC

Sinovac Biotech Ltd., (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of vaccines that protect against human infectious diseases. SINOVAC’s product portfolio includes vaccines against COVID-19, enterovirus 71 (EV71) infected Hand-Foot-Mouth disease (HFMD), hepatitis A and B, seasonal influenza, pneumococcal disease, H5N1 pandemic influenza (avian flu), H1N1 influenza (swine flu), varicella, mumps, and poliomyelitis. Its COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. Its Healive®, hepatitis A vaccine, passed WHO prequalification requirements in 2017. Its EV71 vaccine, Inlive®, is an innovative vaccine commercialized in China in 2016. In 2022, SINOVAC’s Sabin-strain inactivated polio vaccine (sIPV) was prequalified by the WHO.

SINOVAC was the first company to be granted approval for its H1N1 influenza vaccine Panflu.1®, which has supplied the Chinese government's vaccination campaign and stockpiling program. The Company is also the only supplier of the H5N1 pandemic influenza vaccine, Panflu®, to the Chinese government stockpiling program.

SINOVAC continually dedicates itself to new vaccine R&D, with more combination vaccine products in its pipeline, and constantly explores global market opportunities. SINOVAC plans to conduct more extensive and in-depth trade and cooperation with additional countries, and business and industry organizations.

For more information, please see the Company’s website at www.sinovac.com.

 

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