Lenovo Boosts Customer Sustainability with New Reduced Carbon Transport Service

 New solution empowers enterprises to achieve sustainability goals through a lower-carbon emissions alternative to transport IT purchases

 

(BUSINESS WIRE)--To support carbon-conscious enterprise customers in their sustainability journeys, Lenovo is offering a Reduced Carbon Transport Service, a distinct offering that gives enterprises the option to lower their carbon impact when IT devices are air shipped. Through Reduced Carbon Transport Service, customers can purchase Sustainable Aviation Fuel (SAF) credits and attribute the resulting emissions reduction benefit to their IT purchase, achieving a minimum of 70 percent CO2 emissions reduction1.

A cleaner substitute for conventional jet fuel, SAF has potential2 in reducing CO2 emissions from airfreight transportation and enables organizations to realize targets for Scope 3 emissions. The Greenhouse Gas Protocol defines Scope 3 emissions—which account for 70 percent of the average corporate total emissions3—as those that occur outside a company’s walls, including emissions tied to the purchase and disposal of products. While less than 10 percent of organizations accurately measure their Scope 3 emissions4, Lenovo’s Reduced Carbon Transport Service provides customers a tangible way to reduce emissions from airfreight. Customers receive a confirmation of emissions reduction that can be used for reporting against their own Scope 3 targets, ensuring greater transparency throughout the process.

“We’re embedding sustainability deeper into the technology value chain with innovations like Reduced Carbon Transport so that customers have a pathway to more sustainable IT decision-making,” said Claudia Contreras, Executive Director of Global Sustainability Services for Lenovo. “At Lenovo, we are committed to more than just our own Net-Zero vision. Net-Zero is achieved through a collection of sustainable choices. We are happy to be the trusted business partner and solution provider that helps customers achieve both digital transformation and sustainability success.”

Enterprise customers across North America, EMEA, and Asia Pacific have the option to add Reduced Carbon Transport Service to their device purchases. As part of its service-led transformation, Lenovo continues to innovate by delivering solutions that help customers meet their own sustainability goals. In addition to its new Reduced Carbon Transport Service, Lenovo is enabling customers to meet their climate action goals and implement more circular and responsible IT practices with several sustainability focused services including Lenovo CO2 Offset Service and Asset Recovery Services.

Reduced Carbon Transport Service is the latest offering from Lenovo’s Solutions and Services Group (SSG) which brings together all of Lenovo’s IT solutions and services across PC, infrastructure and smart verticals including support, managed, project and solution service offerings. With a network of over 20,000 technicians across 180 markets, SSG helps customers transform their businesses on a global and local scale by delivering practical innovation to strengthen their competitive advantage. Lenovo TruScale customers can deploy services on a “subscription” basis, using only what they need and curbing waste.

Learn more about Lenovo’s Sustainability Solutions here: https://techtoday.lenovo.com/us/en/sustainability-solutions

About Lenovo

Lenovo (HKSE: 992) (ADR: LNVGY) is a US$62 billion revenue global technology powerhouse, ranked #217 in the Fortune Global 500, employing 77,000 people around the world, and serving millions of customers every day in 180 markets. Focused on a bold vision to deliver smarter technology for all, Lenovo has built on its success as the world’s largest PC company by further expanding into growth areas that fuel the advancement of ‘New IT’ technologies (client, edge, cloud, network, and intelligence) including server, storage, mobile, software, solutions, and services. This transformation together with Lenovo’s world-changing innovation is building a more inclusive, trustworthy, and smarter future for everyone, everywhere. To find out more visit https://www.lenovo.com, and read about the latest news via our StoryHub.

1 Approximate percentage LCA GHG reduction versus fossil jet based on feedstock used in SAF such as waste and residue lipids, oilseed bearing trees on low-ILUC degraded land or as a rotational oil cover crops. Indirect CO2 emissions reduction benefit is obtained through the purchase of Sustainable Aviation Fuel credits.

2 https://www.icao.int/environmental-protection/pages/SAF.aspx

3 https://www.bloomberg.com/professional/blog/closing-the-scope-3-ghg-emissions-data-gap-2/

4 https://www.bcg.com (Boston Consulting Group) per https://www.terrascope.com/blog/overcoming-challenges-in-understanding-and-quantifying-scope-3-emissions-for-large-enterprises

 

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Contacts

Zeno Group for Lenovo: lenovossg@zenogroup.com

Thales Wins Google Cloud Technology Partner of the Year Security – Data Protection Award

 MEUDON, France - Tuesday, 29. August 2023

Thales recognised as Google Cloud Technology Partner of the Year in the Security – Data Protection category

 

(BUSINESS WIRE)--Thales has been selected as the Google Cloud Technology Partner of the Year in the Security – Data Protection category. Thales was selected alongside a global field of top Google Cloud partners for excellence in developing and implementing customer solutions based on Google Cloud’s technology.

The Thales and Google Cloud collaboration addresses the needs of organizations around the world that are facing ever-increasing security, sovereignty, and performance requirements for their cloud deployments. With many years of cybersecurity expertise, Thales provides the level of trust and security required for customers around the world to move to the cloud, while maintaining the necessary level of control. By combining Thales’ platform expertise with Google Cloud’s enterprise-grade solutions and cutting-edge infrastructure, the two companies work closely on a number of broad data security initiatives.

Thales, in its constant search of excellence in its security portfolio, recently announced a new collaboration to develop data security capabilities and bring additional AI-powered features to users of its CipherTrust Data Security platform. This is powered by Google Cloud’s Vertex AI machine learning capabilities, to discover, classify and protect sensitive data in the cloud. The machine learning functionality helps to automate fundamental tasks for customers and ensure their sensitive cloud-hosted data remains protected.

Since late 2022, Thales’ CipherTrust Cloud Key Manager has also supported Bring Your Own Key (BYOK) initiatives, including those for Google Cloud and Google Workspace. Thales and Google Cloud have also collaborated to operate a sovereign cloud joint venture (S3NS) for Google Cloud customers in France who seek to meet stringent data sovereignty requirements, such as those applicable to state and critical infrastructure organizations.

Thales has built a structured cloud offering for companies that want to meet the most demanding data protection standards. In France, S3NS, the joint venture between Thales and Google Cloud, aims to offer French companies and public institutions a solution providing the equivalent of Google Cloud , compliant with the “SecNumCloud” label, a certification from the French information systems security agency (ANSSI). To date, SecNumCloud has the highest level of protection in France, excluding the protection of national defense secrets, and in Europe. S3NS has a first offering already available that offers additional guarantees & controls, such as data location in Europe and external encryption managed by S3NS (based on Thales technology).

“Google Cloud’s partner awards recognize the significant impact and customer success that our partners have driven over the past year," said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. "We're delighted to recognize Thales as a 2023 Google Cloud Partner Award winner, and look forward to a continued strong partnership in support of our mutual customers."

Sebastien Cano, Senior Vice President of Cloud Protection and Licensing activities at Thales, commented: “We are very proud of our ongoing relationship with Google Cloud and this latest award recognises the brilliant work we’ve been doing with them across a range of projects. Together we are helping customers around the world discover, classify and protect their data more efficiently, and ensure their move to the cloud is as secure and compliant as possible.”

Thales is also participating at Google Cloud Next, which is taking place from 29-31 August 2023. Some of the sessions include:

Keys to the Kingdom: Everything you need to know about your encryption keys with Todd Moore, VP Encryption Products at Thales

Cybersecurity Innovations from leading ISVs with Google Gen AI with Ashvin Kamaraju, VP Data Protection Engineering at Thales

How global leaders are addressing digital sovereignty requirements, with Cyprien Falque, CEO of S3NS More details about the event, which will be available to watch both live and on-demand online, can be found here.

About Thales

Thales (Euronext Paris: HO) is a global leader in advanced technologies within three domains: Defence & Security, Aeronautics & Space, and Digital Identity & Security. It develops products and solutions that help make the world safer, greener and more inclusive.

 

The Group invests close to €4 billion a year in Research & Development, particularly in key areas such as quantum technologies, Edge computing, 6G and cybersecurity.

 

Thales has 77,000 employees in 68 countries. In 2022, the Group generated sales of €17.6 billion.

 

PLEASE VISIT

Thales Group

Cloud Protection & Licensing Solutions | Thales Group

 

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Contacts

PRESS CONTACT

Thales, Media Relations

Security & Cybersecurity

Marion Bonnet

+33 (0)6 60 38 48 92

marion.bonnet@thalesgroup.com

 

NetApp Wins Google Cloud Technology Partner of the Year Awards for Infrastructure Storage and Marketplace Infrastructure

 SAN JOSE, Calif. - Tuesday, 29. August 2023 AETOSWire Print 

(BUSINESS WIRE)--NetApp® (NASDAQ: NTAP), a global cloud-led, data centric software company, announced it was recognized as a 2023 Google Cloud Technology Partner of the Year Awards in two categories: Infrastructure Storage and Marketplace Infrastructure. These prestigious awards highlight NetApp’s track record of delivering scalable, performant, and secure storage solutions to customers as they continue to migrate, modernize, and transform their business-critical IT with Google Cloud.

“Google Cloud’s partner awards recognize the significant impact and customer success that our partners have driven over the past year," said Kevin Ichhpurani, Corporate Vice President, Global Ecosystem and Channels at Google Cloud. "We're delighted to recognize NetApp as a 2023 Google Cloud Partner Award winner and look forward to a continued strong partnership in support of our mutual customers."

The Infrastructure Storage Award highlights how NetApp’s industry-leading, enterprise-grade storage technologies--including NetApp Cloud Volumes Service for Google Cloud, which helps customers achieve their transformation and business goals without having to refactor applications--significantly reducing the time needed for migration projects.

NetApp was also recognized with the Marketplace Infrastructure Award, for its ongoing dedication to helping joint Google Cloud customers achieve flexible application architectures that scale on-demand with their performance requirements.

These awards reinforce how NetApp is delivering solutions that empower customers to run traditional and cloud-native applications in Google Cloud without having to redesign code, processes, or teams.

“Our partnership with Google Cloud continues to deliver results for our customers, enabling them to quickly and easily adopt cloud services as they migrate complex workloads, innovate with advanced cloud-native technologies, and adopt rapidly emerging AI technologies,” said Ronen Schwartz, Senior Vice President and General Manager, Cloud Storage, NetApp. “This recognition by Google Cloud solidifies NetApp’s position as a trusted and preferred technology partner, highlighting the value we bring as organizations migrate and modernize their technology platforms.”

NetApp technologies are available in Google Cloud both through the Google Cloud Marketplace, as well as directly in the form of Google Cloud managed services. Offerings available through the marketplace include NetApp Cloud Volumes ONTAP (CVO) as a customer-managed service. The portfolio now found in Google Cloud enables NetApp customers to seamlessly extend their workloads into Google Cloud with all the requisite services that deliver scale, security, and data management that have been the hallmarks of datacenter technologies for years.

Additional Resources

Cloud Volumes Service

Cloud Volumes ONTAP

Announcing a Game-Changing Advance in High-Performance File Storage for Enterprises

Google Cloud NetApp Volumes Solutions Brief

Introducing Google Cloud NetApp Volumes: Fully Managed File Storage for Enterprise Workloads

IDC White Paper: The Business Value of NetApp Cloud Volumes for Google Cloud

About NetApp

NetApp is a global, cloud-led, data-centric software company that empowers organizations to lead with data in the age of accelerated digital transformation. The company provides systems, software, and cloud services that enable them to run their applications optimally from data center to cloud, whether they are developing in the cloud, moving to the cloud, or creating their own cloudlike experiences on premises. With solutions that perform across diverse environments, NetApp helps organizations build their own data fabric and securely deliver the right data, services, and applications to the right people—anytime, anywhere. Learn more at www.netapp.com or follow us on Twitter, LinkedIn, Facebook, and Instagram.

NETAPP, the NETAPP logo, and the marks listed at www.netapp.com/TM are trademarks of NetApp, Inc. Other company and product names may be trademarks of their respective owners.

 

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Contacts

Media Contact:

Kenya Hayes

NetApp

kenya.hayes@netapp.com

Investor Contact:

Kris Newton

NetApp

kris.newton@netapp.com

Tigo Energy Delivers Advanced Solar Fleet Management and Monitoring Services in Australia

 CONCORD, Australia - Tuesday, 29. August 2023

Tigo fleet management software deployed by SCE Energy monitors over 20,000 solar modules from one dashboard.

(BUSINESS WIRE) -- Tigo Energy, Inc. (Nasdaq: TYGO) (“Tigo” or the “Company”), a leading provider of intelligent solar and energy storage solutions, today announced that long-time customer SCE Energy Solutions has deployed Tigo Fleet Manager, an extension to the Tigo Energy Intelligence (EI) platform, featuring a powerful interactive dashboard that provides rich and actionable system performance data from the fleet down to the module level. SCE Energy Solutions (SCE) uses Tigo EI Fleet Manager to uncover and operationalize sophisticated insights about the growing fleet of solar systems in its care to deliver the highest possible standards of performance, reliability, financial stability, and safety to its customers.

With more than 3.44 million photovoltaic installations deployed, the installers behind Australia's growing solar energy sector need advanced solutions to deploy, monitor, and manage constantly expanding portfolios of customer solar systems. As a Tigo Energy customer for over a decade, SCE now uses the EI Fleet Manager to monitor system performance and manage operations and maintenance (O&M) across the more than 20,000 solar modules deployed in its fleet of customer systems by operationalizing system performance data down to the individual component and fully using customizable groupings of systems by common attributes like equipment type, location, size, or status.

"Tigo Fleet Manager has been a game-changer for us because it provides unprecedented visibility into our customer fleet, allowing us to deliver on our system performance commitments and offering valuable new services," said Jon De Martin, CEO at SCE Energy Solutions. "As our solar portfolio continues to grow, it would have been nearly impossible to consolidate the countless data points we rely on to deliver best-in-class customer service. Beyond performance monitoring, we now have such fine-grained visibility into the hardware we’ve deployed that it has completely transformed our operations and maintenance. Tigo EI Fleet Manager, combined with the TS4 MLPE platform, allows us to deliver superior performance as we grow into more and larger solar systems."

SCE customer De Bortoli Wines is Australia’s 6th largest overall and second largest family winery. With the goal of 10% energy reduction per year, the winemaker engaged SCE to update and expand its optimized solar generation capacity to 1.15MW. The new system comprises more than 2,200 solar modules, including the existing ones, yielding De Bortoli Wines a system that now offers protection to first responders with rapid shutdown, Tigo optimization to protect system performance from module soiling issues common to winery operations, and module-level monitoring for detailed insight to system performance. Through the Tigo EI Fleet Manager, SCE leverages sophisticated new data visualizations designed to elevate what is actionable, reduce alert fatigue, and present installers with an intuitive interface that tracks critical operational, production, and consumption data across all modules at the De Bortoli site.

“We are a sustainability-driven winery with a comprehensive plan to reduce our impact on the environment, and the large increases in energy costs of late only further validated the decision to expand our solar generation infrastructure aggressively,” said Tarek Heiland, head engineer at De Bortoli Wines. “SCE has been a great partner throughout the upgrade and expansion process, and we are excited to have the latest Tigo technology for safety and performance. This solar system now covers 30-35% of our total energy usage in full generation, and we could not be happier about this investment.”

From visibility into pending and in-progress installations to comprehensive system and production status indicators, the EI Fleet Manager offers system diagnosis and in-depth monitoring of more than a dozen critical health and performance metrics for deployed solar systems. With this level of visibility, Tigo EI Fleet Manager makes it easy to pinpoint and quickly deploy mitigations across devices from various vendors, from the system level down to the module. Tigo EI Fleet Manager supports all system sizes – including residential, commercial, and industrial solar deployments – and use cases, from large multi-system fleets to individual systems, in meeting their safety and financial goals. SCE has deployed Tigo IE Fleet Manager across its entire portfolio of customer systems, including De Bortoli Wines, Planet Fitness, the headquarters of Komatsu, Australia, and more.

"We are delighted to see major solar installation companies like SCE fully exploit the power of energy data with EI Fleet Manager to improve the solar customer experience, deliver valuable new services, and streamline internal operations," said Zvi Alon, CEO at Tigo Energy. "As the volume and fidelity of data produced by solar systems grow, so must the sophistication, speed, and ease with which that data can be turned into actionable information. Our fleet tools do exactly that, and the installers who make full use of them create benefits for their customers and their operations. We look forward to continuing our journey with SCE as they grow their business and continue raising the bar for solar performance, reliability, and safety in Australia."

For more information about Tigo EI Fleet Manager and how solar installers like SCE Energy Solutions leverage the platform to manage growing portfolios of customer installations, please read the case study here. For more information about SCE utilizing Tigo Flex MLPE TS4-A-O, please read the case study here. To learn more about Tigo EI Fleet Manager, please schedule a demo with a Tigo account manager.

About Tigo Energy

Founded in 2007, Tigo Energy, Inc. (Nasdaq: TYGO) is a worldwide leader in the development and manufacture of smart hardware and software solutions that enhance safety, increase energy yield, and lower operating costs of residential, commercial, and utility-scale solar systems. Tigo combines its Flex MLPE (Module Level Power Electronics) and solar optimizer technology with intelligent, cloud-based software capabilities for advanced energy monitoring and control. Tigo MLPE products maximize performance, enable real-time energy monitoring, and provide code-required rapid shutdown at the module level. The company also develops and manufactures products such as inverters and battery storage systems for the residential solar-plus-storage market. For more information, please visit www.tigoenergy.com.

 

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Contacts

Media Relations Contact:

Technica Communications

Cait Caviness

tigoenergy@technica.inc

Investor Relations Contact:

Gateway Group

Matt Glover or Tom Colton

(949) 574-3860

TYGO@gateway-grp.com

Travelshift Secures $10 Million USD Capital Raise

 REYKJAVIK, Iceland - Tuesday, 29. August 2023 AETOSWire Print 

(BUSINESS WIRE) -- Travelshift, the leading online travel agency (OTA) in Iceland has raised $10 million USD of capital from existing shareholders, raising the total funding amount to $30 million USD.

The financing represents a vote of confidence from Travelshift's current investors in the company's growth trajectory and future potential. According to Harshal Chaudhari, President and Chief Investment Officer at GE Investment Management Co., “We are proud to continue supporting Travelshift’s remarkable journey. The company’s unwavering commitment to innovation and customer satisfaction has been instrumental in its success, and we firmly believe in its potential to further disrupt the leisure travel industry.”

The latest funding round follows Travelshift's recent launch of Guide to Europe, a travel platform that solves the Connected Trip for the European leisure travel market. This innovative service, which is powered by AI, allows travelers to book everything they need in one checkout and manage their entire journey in one app. It also gives travelers access to thousands of itineraries that have been optimized with AI, with what is now the world’s largest selection of vacation packages in Europe.

"We are thrilled to receive the continued support and trust from our existing shareholders," said David Stewart, CEO of Travelshift. "This financing round enables us to accelerate our growth initiatives and continue to build the next generation of travel through innovative use and application of AI to deliver personalized and seamless travel experiences."

Travelshift would like to express its sincere gratitude to its dedicated team, loyal customers, and steadfast shareholders for their continued support and belief in the company's vision.

About Travelshift:

Travelshift is an leading Icelandic online travel agency (OTA) that specializes in providing technology-driven travel solutions. With over a decade of experience in the industry, Travelshift is committed to revolutionizing how people travel, offering innovative services and exceptional customer experiences.

 

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For media inquiries or further information, please contact:

David Stewart

Chief Executive Officer

Email: dave@travelshift.com

Phone: +354 791 9394

MSCI Expands Partnership with Google Cloud to Accelerate Generative AI Solutions for the Investment Industry

 New generative AI-enabled solutions from MSCI, powered by Google Cloud, will help investors identify and manage risks and opportunities, fuel innovation, and speed decision making

(BUSINESS WIRE) -- MSCI Inc. (NYSE: MSCI), a leading provider of critical decision support tools and services for the global investment community, today announced an expansion of its partnership with Google Cloud to accelerate the development of generative AI (gen AI) solutions for the investment industry. Powered by Google Cloud’s gen AI platform Vertex AI and climate technology, including BigQuery Geospatial and Earth Engine, the solutions will help MSCI clients better manage portfolio risks and opportunities and make informed investment decisions.

The partnership will focus on three key areas:

• Risk Signals: MSCI will combine its proprietary data and analytics with Google Cloud’s gen AI solutions to provide an overview of portfolio and enterprise level risk designed to significantly reduce the time clients need to analyze and arrive at actionable insights. This solution will help portfolio and risk managers more easily synthesize and rapidly act on significant volumes of risk signals from their portfolios, while also fostering greater collaboration between risk and portfolio management teams to build more resilient portfolios.

• Conversational AI: Google Cloud’s gen AI will also power MSCI’s new conversational AI solution for its portfolio and risk management solutions. This capability will use natural language processing to simulate human language and generate responses that can enable clients to quickly answer questions and surface information about their portfolios and MSCI data, models, and solutions.

• Climate Generative AI: MSCI and Google Cloud will work together to leverage Google’s gen AI technologies to help investors measure and manage portfolio exposure to climate risk and identify low carbon investment opportunities. With these advanced AI technologies, MSCI will make it easier for investors to identify, synthesize, and communicate the broad range of climate exposures across asset classes.

“The AI revolution has led to rising expectations among companies and investors, who want faster access to higher-quality data, analytics, and actionable insights,” said Henry Fernandez, Chairman and Chief Executive Officer, MSCI. “Expanding our partnership with Google Cloud will help MSCI address these needs while keeping us at the forefront of advanced data technologies. It will also help us provide new solutions for investors working to decarbonize their portfolios.”

“The investment industry has long been fueled by AI and machine learning, which MSCI has been using for years. However, advancement in generative AI has jump-started a revolution in our industry,” added Jigar Thakkar, Chief Technology Officer, MSCI. “We are excited to collaborate with Google Cloud to accelerate the development of generative AI solutions, which will aim to offer investors deeper data-driven insights, enhanced decision-making capabilities, and accelerated portfolio implementation. With the power of generative AI and LLMs, we are advancing towards our commitment to help investors build better portfolios with enhanced insights.”

“Generative AI is driving the next evolution of financial services as investment professionals look for better and faster ways to monitor portfolios, generate new insights, and scale the speed of decision-making,” said Thomas Kurian, CEO, Google Cloud. “Our partnership with MSCI to build generative AI-powered solutions will not only help risk and portfolio management teams better collaborate and unlock insights, but also will enable MSCI’s clients to build more climate-resilient portfolios.”

About MSCI Inc.

MSCI is a leading provider of critical decision support tools and services for the global investment community. With over 50 years of expertise in research, data, and technology, we power better investment decisions by enabling clients to understand and analyze key drivers of risk and return and confidently build more effective portfolios. We create industry-leading research-enhanced solutions that clients use to gain insight into and improve transparency across the investment process.

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements relate to future events or performance and involve risks that may cause actual results or performance differ materially and you should not place undue reliance on them. Risks that could affect results or performance are in MSCI’s Annual Report on Form 10-K for the most recent fiscal year ended on December 31 that is filed with the SEC. MSCI does not undertake to update any forward-looking statements. No information herein constitutes investment advice or should be relied on as such. MSCI grants no right or license to use its products or services without an appropriate license. MSCI MAKES NO EXPRESS OR IMPLIED WARRANTIES OF MERCHANTABILITY, FITNESS FOR A PARTICULAR PURPOSE OR OTHERWISE WITH RESPECT TO THE INFORMATION HEREIN AND DISCLAIMS ALL LIABILITY TO THE MAXIMUM EXTENT PERMITTED BY LAW.

 

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Contacts

Media Inquiries

PR@msci.com

Samuel Wang +1 212 804 5244

Melanie Blanco +1 212 981 1049

Konstantinos Makrygiannis +44 (0) 7768 930056

Tina Tan +852 2844 9320

MSCI Global Client Services

EMEA Client Service +44 20 7618.2222

Americas Client Service +1 888 588 4567 (toll free)

Asia Pacific Client Service +852 2844 9333

Sinovac Confirms Receipt of an Unsolicited Partial Tender Offer

 (BUSINESS WIRE)--Sinovac Biotech Ltd. (NASDAQ: SVA) (“SINOVAC” or the “Company”), a leading provider of biopharmaceutical products in China, confirmed today that it is aware of an unsolicited partial tender offer from Alternative Liquidity Index LP to purchase up to a maximum of 10,000,000 shares of the Company, representing approximately 10.05% of the Company’s outstanding shares, for $0.03 per share in cash.

Sinovac’s Board of Directors intends to evaluate the terms of the tender offer to determine the course of action that it believes is in the best interest of the Company and its shareholders. The Board also intends to advise shareholders of the Board’s position regarding the tender offer within ten business days of receipt of the offer. In the meantime, the Company’s shareholders are strongly advised to take no action in relation to the tender offer.

About SINOVAC

Sinovac Biotech Ltd. (SINOVAC) is a China-based biopharmaceutical company that focuses on the R&D, manufacturing, and commercialization of biomedical products 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, varicella, influenza, poliomyelitis, pneumococcal disease, mumps, etc.

The COVID-19 vaccine, CoronaVac®, has been approved for use in more than 60 countries and regions worldwide. The hepatitis A vaccine, Healive®, passed WHO prequalification requirements in 2017. The EV71 vaccine, Inlive®, is an innovative vaccine under "Category 1 Preventative Biological Products" and commercialized in China in 2016. In 2022, SINOVAC’s Sabin-strain inactivated polio vaccine (sIPV) and varicella vaccine were 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 pipeline development including but not limited to new technology, new vaccines as well as other biomedical products. We will constantly explore global opportunities of strategic expansion.

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

 

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Contacts

Sinovac Biotech Ltd.

Helen Yang

Tel: +86-10-8279 9720

Email: ir@sinovac.com