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Intus Care Announces Technical Assistance and Consulting Services to Support PACE Programs in Achieving Better Participant and Organizational Outcomes

Intus Care

Intus Care, developer of an innovative predictive analytics platform designed for geriatric health, announced today they now offer Technical Assistance and Consulting (TAC) services. These services are aimed at helping PACE programs achieve growth, streamline operations, improve clinical outcomes, reduce unnecessary service utilization costs, and other functional strategies. Intus Care’s team of leading PACE experts will take a hands-on approach alongside PACE programs’ leadership teams and staff to execute and complete project work plans. Intus Care augments improvement projects with organizational data to assist in identifying valid issues and opportunities within a PACE program. “Everyone at Intus Care is personally invested in PACE’s mission of providing quality care to dual Medicare/Medicaid and special needs participants, and we share a vision with PACE to improve clinical outcomes through data and to grow their unique model of care across the country,” said Robbie Felton, chief executive officer, Intus Care. “We are proud to have cultivated a topnotch team comprised of PACE experts that will work hand-in-hand with our PACE partners to help them develop, optimize, and grow their programs.” PACE North in Traverse City, Michigan, has been one of the first programs to utilize Intus Care’s TAC services. Intus Care’s Chief Strategy Officer, Laura Ferrara, has worked closely with PACE North’s leadership team in preparation for their next CMS audit to facilitate new committees, manage interdisciplinary teams, and leverage data to identify the root causes of high utilization events and mitigate proactively. PACE North assisted five (5) participants who were experiencing recurrent falls to decrease falls by 81% between March and April of 2022 based on updated processes. ( See case study ). “By working with Intus Care, we’ve been able to translate data into actions in order to be more proactive when it comes to protecting at-risk participants,” said Michelle Reardon, quality assurance director, PACE North. “Intus Care’s team have provided us a practical, rather than theoretical, roadmap to success which is highly effective towards achieving better health outcomes for our participants.” Intus Care’s TAC services include (but are not limited to): CMS Audit Preparation, Mock Audit Proposals, and Remediation Quality, Compliance, and Utilization Management Program Development Operational Management and Growth The rollout of TAC services will help PACE programs across the country address organizational issues and implement strategies to incorporate the use of patient data into daily operations. Its technology is currently part of PACE plans in seven (7) states and it has recently entered a Letter of Understanding with the National Pace Association to pursue a strategic partnership. Contact us today to discuss what Intus Care can do for your PACE organization. About Intus Care Intus Care synthesizes data to improve care and reduce hospitalizations for some of the most socially vulnerable and clinically complex patients in today’s healthcare system – senior citizens. The company has created a unique data-driven predictive analytics platform designed for organizations such as PACE programs, nursing homes, long-term care facilities, and home care agencies. It easily integrates with existing electronic health records, claims, and financial software to automatically extract and analyze data. By highlighting participant risk and care-focused information, the Intus Care software empowers clinicians, nurses, and other care providers by informing decisions that improve outcomes. Learn more at http://www.intuscare.com/. Contact Details SVM Public Relations Jordan Bouclin and Erika Harris +1 401-490-9700 intuscare@svmpr.com Company Website https://www.intuscare.com/

May 17, 2022 10:00 AM Eastern Daylight Time

BreatheSuite Announces Latest Addition to Board of Directors

BreatheSuite

BreatheSuite Inc., a Canadian connected respiratory health company, today announced that Brad Fluegel officially joined the company’s Board of Directors. In his role, Fluegel will tap into his extensive digital health experience to provide feedback on how to support the company’s growth. “We welcome Brad to the BreatheSuite Board of Directors and look forward to leveraging his knowledge and experience in digital health as we continue to expand the BreatheSuite program,” said Brett Vokey, CEO of BreatheSuite. “We are excited to draw upon his background in commercial healthcare as we continue to work toward improving the lives of respiratory patients worldwide. Brad has exactly the experience we need to navigate the digital health ecosystem.” Before working as an advisor to healthcare organizations, entrepreneurs, and other participants in healthcare, Fluegel was most recently the senior vice president and chief healthcare commercial market development officer for Walgreen Co. based in Deerfield, Ill. He was responsible for all commercial healthcare activities, including sales and contracting, biopharma relationships, retail clinics, clinical affairs, new service development and market planning. Previously, he was chief strategy and business development officer for Walgreens, responsible for corporate strategy and business development. Prior to joining Walgreens, Fluegel served as executive in residence at Health Evolution Partners. Before that he was executive vice president and chief strategy and external affairs officer of Wellpoint (now Anthem), among the nation’s largest health benefits companies. While at Wellpoint, Fluegel was responsible for long-term strategic planning, government affairs, corporate communications including public relations, corporate marketing, corporate development, international expansion, innovation and new business ventures. Fluegel was senior vice president of national accounts and vice president, enterprise strategy at Aetna, Inc. In this role, he led the national accounts business and was responsible for developing and executing on strategies that expanded Aetna’s position as a leader in the large employer market. “I’m excited to join BreatheSuite, as digital healthcare has always been a passion of mine because of its ability to improve people’s lives,” said Fluegel. “I look forward to using my experience to help BreatheSuite achieve its mission to provide better, more transparent care for all people with asthma or COPD.” Fluegel is well versed in the complexities of business and healthcare and is also a lecturer at the University of Pennsylvania’s Wharton School of Business. He earned a master’s degree in public policy from Harvard University’s Kennedy School of Government and a Bachelor of Arts in business administration from the University of Washington. He serves on the Board of Directors of MJHS Health System in New York City, Performant Financial Corporation and Premera Blue Cross, among others. He was also on the board of Fitbit before its sale to Google in early 2021. Fluegel’s appointment to BreatheSuite’s Board of Directors comes on the heels of BreatheSuite’s Chief Scientific Officer, Dr. Meshari F. Alwashmi, joining the Forbes Technology Council. The company also recently announced that it secured a spot on the inaugural Canadian Business New Innovators List. About BreatheSuite BreatheSuite is a Canadian connected health company empowering people with chronic respiratory conditions live longer, healthier lives. The BreatheSuite program incorporates a smart inhaler sensor designed to track and train proper inhaler usage, a BreatheSuite App to gamify getting Asthma & COPD under control, as well as health coaches to support patients wherever they are on their journey. BreatheSuite works with leading partners across North America to deliver better care to people with chronic respiratory conditions. For more information visit www.breathesuite.com or contact info@BreatheSuite.com. Follow us on Twitter, and LinkedIn Contact Details SVM Public Relations Erin O’Brien +1 401-490-9700 erin.obrien@svmpr.com Company Website https://www.breathesuite.com/

May 17, 2022 10:00 AM Eastern Daylight Time

Underline Science Closes Pre-Series A Round To Further Advance Scholarly Research With The Growth Of The Digital Video Library

Underline Science Inc

Most industries have progressed from paper to all forms of content; how is it that one of our most essential industries, science, is staying behind. This is something Underline's founder doesn't understand, and therefore he will change it with the launch of the Underline Digital Video Library (DVL). With a considerable track record, this multi-accomplished founder is now taking on the big publishers in a way that hasn't been seen before as a premier aggregator of streaming scientific conference lecture video content. Together with his team of industry leaders, Underline is aiming to transcend the industry into the 21st century. The mission of Underline is to improve researchers' access to quality scientific conference lecture video content. Historically, if you did not attend a scientific conference, you would miss out on all of the conference's lectures. Underline's DVL contains 26,000+ videos (Health Sciences, Life Sciences, Engineering, Technology, Social Sciences, and Humanities). The video content from the world's prestigious scientific societies and universities, like IEEE, Endocrine, AIP, lecturers from MIT, Harvard, Facebook, Google, etc. Each video is complete with abstract, English transcription, bio, picture of the author, and most importantly, a DOI (digital object identifier), which ensures that the video can be searched and discovered. Today, the company announced that it had raised a $2.5 million Pre-Series A round of funding, led by South Central Ventures and the Dutch Founders Fund. As a result, Mr. Jure Mikuz (South Central Ventures) and Mr. Laurens Groenendijk (Dutch Founders Fund) will join the Underline Board of Directors. "With this new round of funding, we'll be able to enhance the Underline DVL features and content greatly. Further to grow the team and expand our go-to-market strategy," Underline CEO and founder Alex Lazinica said in a press release. "We are looking forward to increasing our penetration into the library, government and corporate, institutional subscription market." South Central Ventures, who led the round, Managing Partner Jure Mikuz, said, “Underline’s mission resonates with us very well as they are addressing a global opportunity of creating a library of global scientific video content. I believe they will be successful by facilitating their excellent execution skills and deep industry knowledge. We are very excited to join Underline on this journey.” Founding Partner Laurens Groenendijk of The Dutch Founders Fund states, " We believe that if Underline Science manages to tap into the apparent possible network effects, it can quickly grow to be the dominant player in science content aggregation. We at Dutch Founders hope to see “underlining become a verb”. If anyone is going to do it, We know a seasoned entrepreneur like Alex is. “ Underline's business model is an annual subscription fee for unlimited access to the entire Digital Video Library for the subscribing institution's community. About Underline Science Underline is the premier virtual conference platform for events in science, medicine, academia, and other professional fields. Underline’s mission is to capture and disseminate scientific knowledge through video, making it globally accessible by enriching and preserving both virtual and hybrid conference content. Underline’s groundbreaking scientific Digital Video Library is providing new opportunities to access and expand the scientific record and accelerate scientific discovery. For more information, visit the Underline website and follow Underline on Twitter. About South Central Ventures South Central Ventures is a VC investor with the longest presence in the Balkans. Operating out of four offices – Ljubljana, Zagreb, Belgrade and Skopje – the team has invested in about 40 early stage tech companies and has been an integral part of the local start up communities. With a strong base of international investors, South Central Ventures is a go-to investor for regional tech companies competing in global markets. SCV’s portfolio companies include Cognism, Celtra, Agrivi, Orgnostic and AdScanner, among others. About Dutch Founders Fund DutchFounders is an early-stage venture capital fund from Amsterdam, started by a group of successful Dutch entrepreneurs like Laurens Groenendijk (Just Eat, Treatwell, Miinto, Hiber), Patrick Kerssemakers (fonQ), Bas Beerens (WeTransfer), Hidde Hoogcarspel (Spacebuzz) and Remco van Zanten ( Booking, Zalando, Vinted and BCG). The fund specialises in marketplaces and companies with strong network effects. Since its launch in 2018, the fund has successfully invested in 16 companies. This includes: YourCampus, Shypple, Vintage Cash Cow, Lumaly, Blanco, Nostics, Reveall, Veylinx, Wonderkind, Voicebooking, Fleks, Minimum, Caya, Winc Academy, Buildstream and Tracedock (exited to CM.com). The total fund has almost €100 million assets under management. DutchFounders is a committed partner of Techleap’s Fundright initiative. ### Contact Details Underline Science, Inc. Darrell W Gunter +1 973-454-3475 darrell@underline.io Company Website https://www.underline.io/

May 17, 2022 09:30 AM Eastern Daylight Time

WellSaid Labs Named to the 2022 CB Insights AI 100 List of Most Innovative Artificial Intelligence Startups

WellSaid Labs

CB Insights today named WellSaid Labs to its annual AI100 ranking, showcasing the 100 most promising private artificial intelligence companies in the world. "This is the sixth year that CB Insights has recognized the most promising private artificial intelligence companies with the AI 100. This year's cohort spans 13 industries, working on everything from recycling plastic waste to improving hearing aids," said Brian Lee, SVP of CB Insights’ Intelligence Unit. "Last year's AI 100 companies had a remarkable run, raising more than $6 billion, including 20 mega-rounds worth more than $100 million each. We’re excited to watch the companies on this year’s list continue to grow and create products and services that meaningfully impact the world around them.” “WellSaid Labs is extremely proud that CB Insights has again recognized our team as top in AI Media. This honor reflects WellSaid’s mission commitment to delivering the world’s highest quality AI voice for all by enabling content creators to easily generate engaging voice content for education, training and instructional videos for internal communications, consumer media and other creative business uses,” said Matt Hocking, CEO of WellSaid Labs. Utilizing the CB Insights platform, the research team picked 100 private market vendors from a pool of over 7,000 companies, including applicants and nominees. They were chosen based on factors including R&D activity, proprietary Mosaic scores, market potential, business relationships, investor profile, news sentiment analysis, competitive landscape, team strength, and tech novelty. The research team also reviewed thousands of Analyst Briefings submitted by applicants. In June 2020, WellSaid Labs' text-to-speech became the first to achieve human parity for naturalness on short audio clips across multiple voices. WellSaid Labs has rearchitected TTS to resolve business’ toughest content development problems and deliver an easy way for content creators — big or small — to develop all their desired content in one consistent voice. WellSaid Labs’ Voice Avatar library provides access to multiple read styles and tones anyone can use for their productions. Brands of all sizes can create their own AI Voice Avatars to spec — capturing the likeliness, style, and uniqueness of the voice needed to tell their stories the right way. Quick facts on the 2022 AI 100: Equity funding and deals: Since 2017, the 2022 AI 100 cohort has raised $12 billion+ from 650 investors, across 300+ equity deals. Unicorns: There are 16 companies with $1 billion+ valuations on the list. Geographic distributions: Seventy-three of the selected companies are headquartered in the US. Eight of the winners are based in the UK, followed by five in Canada. Other countries represented in this year’s list include India, Sweden, China, and Germany. About CB Insights CB Insights builds software that enables the world's best companies to discover, understand, and make technology decisions with confidence. By marrying data, expert insights, and work management tools, clients manage their end-to-end technology decision-making process on CB Insights. To learn more, please visit www.cbinsights.com. About WellSaid Labs WellSaid Labs is the leading AI text-to-speech technology company and first synthetic media service to achieve human-parity in voice. Creators, product developers, and brands alike power up their stories and digital experiences with a wide variety of voice styles, accents, and languages — at scale. For more information go to www.wellsaidlabs.com Contact Details Faith Brewitt +1 603-686-0913 Faith@wellsaidlabs.com Company Website https://wellsaidlabs.com/

May 17, 2022 09:04 AM Eastern Daylight Time

Data Integrity Company Claravine Secures $16 Million in Series B Funding

Claravine

Claravine, a pioneer in data integrity with its platform, The Data Standards Cloud, announced a $16 million Series B funding round. The round was led by Five Elms Capital with participation from existing investors Grayhawk Capital, Next Frontier Capital, Peninsula Ventures, Kickstart Fund and Silverton Partners. This new funding will help Claravine meet its aggressive growth goal of doubling its headcount this year, accelerating product development, and investing in its integrations to automate data standards across digital experiences. Founded in 2012, Claravine empowers a proactive approach to data by activating standards across people and technology – bridging the silos that limit speed and decisions. The company has forged successful partnerships with well-known Fortune 1000 companies such as Under Armour, Ancestry and Vanguard and is currently working with a quarter of the Fortune 100. With a collaborative user interface and strategic integrations with top customer experience platforms such as Adobe and Google, The Data Standards Cloud helps global organizations define, apply and connect standards across their ecosystem for faster decisions, greater agility and increased ROI. This latest round of funding comes as Claravine continues to experience significant company growth. As first-party data becomes paramount and industry-wide demand grows for more solutions for data standardization, measurement, and personalization, Claravine is substantially expanding its integration library to be compatible with more of the major platforms powering digital advertising, including measurement solutions, creative optimization and customer data. Funding will also enable the company’s investment in talent and plans to hire key roles for teams in the disciplines of product management, engineering, sales, customer success and marketing. "CX-focused organizations are frustrated by an ever-growing trove of marketing data they can't trust or use in a timely way. There are many tools, workarounds, over-engineered spreadsheets, ETLs, etc. to manage the problem, but these only treat the symptoms,” said Verl Allen, CEO, Claravine. “We've been able to pioneer a new category by refocusing the process and developing a healthier overall organizational approach to data. Rather than being reactive and improving data quality after the fact, we help our customers proactively build in data integrity from the start using standards. We have found this approach to be most effective because, by controlling inputs, companies have the ability to adapt and react to any market change – including what the industry is experiencing with marketing measurement." “Claravine has carved out a new category that continues to redefine how top brands manage their digital experience. We have been exceptionally impressed by Verl, his team and their mission,” Stephanie Schneider, Partner at Five Elms Capital, said. “Claravine is positioned to become a dominant player in the space as it continues to scale its platform and offerings. We are proud to support the company on this exciting growth trajectory.” In addition to raising its Series B, Claravine was also recently named a “Momentum Leader” and “High Performer” in the Spring 2022 G2 Rankings. The company has ranked consecutively for the last five quarters in categories such as best relationship, support and easiest to do business in the enterprise relationship index for the data governance category. About Claravine Claravine is a pioneer in data integrity for the global enterprise. We empower a proactive approach to data by activating standards across people and technology, bridging the silos that limit speed and decisions across digital experiences. That’s why a quarter of the Fortune 100 use our platform, The Data Standards Cloud, to define, apply and connect standards across their ecosystem for faster decisions, greater agility, and increased ROI. For more information, visit www.claravine.com. About Five Elms Capital Five Elms Capital is a leading growth equity firm that invests in fast-growing B2B software businesses that users love. Five Elms provides capital and resources to help companies accelerate growth and further cement their role as industry leaders. For more information, visit www.fiveelms.com. Contact Details Michael Kocher Kite Hill PR claravine@kitehillpr.com Company Website https://www.claravine.com/

May 17, 2022 08:00 AM Eastern Daylight Time

Combatting Planned Obsolescence Trendevice Opens New Stores Across Italy

TrenDevice

TrenDevice, a company that sells refurbished phones, tablets, and other devices in retail stores and online, is opening its 3rd store in Rome this month. The company has seen a 147% growth in revenue in Q1 of 2022, and plans to have 6 stores in Italy by the end of the year. www.trendevice.com In a market where planned obsolescence is the norm, TrenDevice offers a unique sustainable solution. TrenDevice is one of the fastest-growing device refurbishment companies, with a mission to extend the life cycle of high-end hi-tech devices by bridging the gap between manufacturers and consumers. In addition to offering devices to consumers in stores and online, TrenDevice has also recently launched a device rental program for individuals, freelancers, and companies starting at 9,90€ per month. TrenDevice is revolutionizing the device market, offering an alternative to the practices of tech giants like Apple. While these companies base their business on creating new products every year and restricting access to key parts, TrenDevice is working to create a circular economy that puts sustainability at the center of the device market. Their business is seeing results, with more than 100.000 devices sold and over 2.400 tons of CO2 saved. TrenDevice takes care of the whole product lifecycle, providing in-house refurbishment operations done by the company’s specially-trained technicians. They also manage buyback, product testing, stock management, sales support, and all other aspects of the process through their proprietary ERP and CRM solution. TrenDevice was founded by ecommerce veterans Alessandro Palmisano and Antonio Capaldo. The idea for the company was born during a trip to Silicon Valley in 2013, and within the year, revenues were already at 100.000€. In addition to opening additional stores in Italy, they plan to launch e-commerce operations in Belgium in 2022. Contact Details Spriano Communication & Partners, Press Office Fiorella Girardo +39 348 857 7766 fgirardo@sprianocommunication.com

May 17, 2022 08:00 AM Eastern Daylight Time

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Losant Leads IoT Application Development Platforms, Earning Frost & Sullivan’s 2022 Global Technology Innovation Leadership Award

Losant

Losant, an enterprise IoT platform that simplifies building real-time connected solutions, earned the Global Technology Innovation Leadership Award in the embedded computing category by Frost & Sullivan. The Losant Embedded Edge Agent (EEA) captured the attention of Frost & Sullivan analysts due to its unique and innovative approach to embedded computing. Losant’s Embedded Edge Agent brings the usability of Losant to hardware that previously was incapable of utilizing Losant’s drag-and-drop workflow engine. By integrating the EEA into your low-power, embedded hardware, you can bring bidirectional platform communication and no-touch software updates to a whole new class of devices. Losant helps ease the burden of manufacturers looking for connected products and real‐time monitoring and management. Frost & Sullivan analysis concludes that Losant´s recently introduced features specifically for embedded computing will have a significant impact on providing real time insights to enterprises, while minimizing the resources requirements for the visual workflow engine. Frost & Sullivan Industry Principal Carina Gonçalves commented: “The drag‐and‐drop workflow editor stands out in the market because it allows enterprises to build custom workflows and manage complex interactions between edge devices, networks and the cloud, on their own, without programming resources.” Losant also enables users to create multi-tenant applications, allowing customers to transform raw data into fully functional web interfaces for internal and external users. This capability allows the user to more meaningfully interact with connected devices through a branded, customizable dashboard. Gonçalves continued: “The company is the only one on the market today with a customizable UI that goes beyond basic branding for enterprise connected products. Most players only have white label and multitenancy features.” “Being recognized as an innovative leader in the embedded computing industry by Frost & Sullivan reinforces our mission to help enterprises develop and bring to market compelling IoT products and services across a wide variety of industries and verticals,” said Brandon Cannaday, Co-Founder and Chief Product Officer, Losant. “As such, we remain committed to the continued usability, flexibility, reliability, and security across Losant's entire product portfolio, resulting in our customers' long-term success with IoT." About Losant Losant is an easy-to-use and powerful enterprise IoT platform designed to help teams quickly and securely build real-time connected IoT products and services for their customers. Losant uses open communication standards to provide connectivity from one to millions of devices and provides powerful data collection, aggregation, and visualization features to empower enterprise teams with new data insights. Losant’s edge and cloud platform processes billions of data points and is trusted by some of the largest organizations in the world. Customers choose Losant because its unique, low-code approach to application development offers a level of agility and speed to market that is hard to find anywhere else. Start independently or work with Losant’s experienced solution engineers. Contact us to start the discussion or to see a demonstration of Losant’s Embedded Edge Agent. Contact Details Rainier Communications, for Losant Jenna Beaucage +1 508-340-6851 losant@rainierco.com Losant Janet M. Simon +1 937-272-4426 janet@losant.com Company Website https://www.losant.com

May 17, 2022 07:06 AM Eastern Daylight Time

Peninsula Fiber Network Adds Industry Veteran To Its Leadership Team

Peninsula Fiber Network, LLC

Peninsula Fiber Network, LLC (PFN), a leading provider of fiber optic-based telecommunications and Next Generation 911 services throughout Michigan, Wisconsin, and parts of Minnesota today announced the addition of Jason Bordeaux as its new Director of Sales. Bordeaux began his telecommunications career with Charter Communications (Spectrum) where he spent nearly twenty-years in various sales and leadership roles within the Enterprise, Carrier, National and SMB teams. Most prominently, he served as Sr. Director of SMB Sales responsible for a 7-state region. Most recently, he also managed the outbound fiber-optic business sales unit of TDS Telecom in Southern Wisconsin. Thom Sumbler, SVP of Business Development for PFN stated, “I am now focusing more on business development and mergers and acquisitions opportunities for PFN. We are excited to add Jason and his decades of success to our team. He is inheriting a strong sales organization and we expect our solid growth to continue.” Scott Randall, General Manager of Peninsula Fiber Network, stated “We have made a number of strategic hires over the last year and adding Jason positions PFN to continue to flourish in our current markets and opens the doors for opportunities in new target areas. I am excited to have Jason and his decades of experience, join my staff.” Jason Bordeaux Bordeaux began his telecommunications industry career with Charter Communications where he spent nearly twenty-years as a nationally recognized, elite performer in various sales and leadership roles within the Enterprise, Carrier, National and SMB teams. Most prominently, he served as Sr. Director of SMB Sales responsible for a 7-state region. Before joining PFN, he also managed the outbound fiber-optic business sales unit of TDS Telecom in Southern Wisconsin. Jason lives in Marquette, MI with his wife, Stephanie. In their free time, they enjoy travelling both regionally and abroad as well as spending time with their sons, daughters-in-law and grandchildren. Contact Details Peninsula Fiber Network, LLC (PFN) Scott Randall, General Manager +1 906-232-1012 srandall@pfnllc.net Company Website https://www.pfnllc.net/

May 16, 2022 06:14 PM Eastern Daylight Time

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URBAN MINING COMPANY IS NOW NOVEON MAGNETICS: THE NATION’S ONLY MANUFACTURER OF SUSTAINABLE RARE EARTH MAGNETS POWERING OUR ELECTRIFIED FUTURE

Noveon

Today, the entity formerly known as Urban Mining Company announced its rebranding as Noveon Magnetics, Inc. Noveon Magnetics is the only U.S. producer of the high-performance rare earth magnets essential to the leading electric technology the world depends on every day – from electric vehicles to MRI machines to wind turbines and robots. Using its proprietary breakthrough technology, Noveon Magnetics recycles end-of-life magnets to manufacture new magnets even more powerful than the ones they were made from. Noveon’s factory in San Marcos, TX is built to manufacture 2,000 metric tons of magnetic material annually. “Electrification doesn’t happen without rare earth magnets,” said Scott Dunn, Chief Executive Officer of Noveon. “Magnets are used in the electric motors and generators that power our society. They can be found in household items like cell phones, earbuds, power tools, laptops, refrigerators, and electric scooters, as well as infrastructure such as wind turbines and electric vehicles. With huge growth in EVs and clean energy, the demand for magnets is skyrocketing and Noveon has invented a better magnet that uses less rare earth elements, has a much lower carbon footprint, and can even be made from recycled magnets. Magnets are the key to a low-carbon future.” Industry experts at Adamas Intelligence predict that global rare earth magnet alloy demand will more than double by 2030 – to over 460,000 tons – and triple to over 675,000 tons by 2035. Because new rare earth mines are unable to keep up with this demand, there will be a shortage of 66,000 tons annually by 2030 and 206,000 tons annually by 2035 – nearly one-third of the total market. Currently, China produces 93% of all rare earth magnets and is building new factories to meet the demand. However, supply-chain and national security concerns have caused many commercial and military consumers to seek a domestic magnet supply. Due to a recent law, U.S. defense contractors can no longer use Chinese magnets, and many are looking to Noveon. In fact, the U.S. Department of Defense has invested over $35 million in Noveon to support commercialization. Noveon Magnetics’ signature product is the patented EcoFlux™ magnet, sustainably produced and rated for high-performance applications such as EV motors and wind turbines. The EcoFlux magnet can be made from mined rare earth elements or from recycled end-of life magnets. When using mined materials, EcoFlux requires 20% less heavy rare earths, has a lower carbon footprint, and is stronger than magnets made with current manufacturing processes. When EcoFlux is produced sustainably from recycled magnets, it uses 90% less energy, less rare earth material, and causes less harm to the planet. Currently, less than 1% of the world’s end-of-life magnets are recycled. With over 100,000 tons of magnets discarded annually, Noveon is creating recycling solutions that maximize recovery, promote sustainability, and curtail dependance on traditional mined sources. “Over 600,000 tons of discarded magnets sit in our landfills, and only 1% is ever recycled,” said Peter Afiuny, Noveon’s Chief Commercial Officer. “Noveon’s process is a huge step forward for the environment in terms of reducing the use of electricity and chemicals, limiting the creation of radioactive and other waste byproduct, and diminishing the overall carbon footprint. We believe our technology can help bridge the upcoming supply shortage caused by both geopolitics and the lack of newly mined rare earth elements, and be the key to global sustainability of rare earth magnets.” Due to spiking demand and predicted price increases, the market for rare earth magnets is projected to quadruple to $79 billion per year by 2030. About Noveon Magnetics: Noveon Magnetics is the only high-performance rare earth magnet manufacturer in the United States. Noveon’s patented EcoFlux™ magnet can be made from mined rare earth elements or directly from recycled end-of-life magnetic materials and are even more powerful than the magnets they were made from. By leveraging a cache of materials sourced from discarded items, such as electric scooters and hard drives, Noveon’s process is over 90% more energy efficient than traditional manufacturing and results in a stronger, more durable magnet. Noveon’s magnets have critical applications in electric vehicles, MRI machines, wind turbines, defense systems, and robots, accelerating the process of electrification, contributing to more sustainable sources of energy, and aiding in the development of a more secure supply chain of magnetic material. More information is available at https://noveon.co/. Contact Details Noveon Magnetics Arielle Goren +1 212-717-5863 media@noveon.co Company Website https://noveon.co

May 16, 2022 12:15 PM Eastern Daylight Time

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