Webull Launches in the United Kingdom

LONDON, July 12, 2023 (GLOBE NEWSWIRE) — Webull Corporation (“Webull”), the owner of the popular Webull trading platform, today announced the launch of its retail brokerage services in the UK. Through licensed financial services trading firm Webull Securities (UK) Ltd. (“Webull UK”), a subsidiary of Webull, residents of the UK can now trade U.S.-listed equities and fractional shares, all at low commissions through the award-winning Webull app. The Webull platform also makes news, industry data, and educational materials available to provide investors with the tools needed to make informed investment decisions.

Anthony Denier, Webull US CEO responsible for operations in America and Europe, stated, “Our first step into Europe follows on the heels of successful launches over the past two years in Singapore, Australia, Japan, and Hong Kong. While each country has very different requirements and expectations, we believe there is great potential in the UK and look forward to rapidly expanding our product range to cater to our British clients. Webull’s trading platform has become very popular in the United States, Hong Kong, and Singapore, and we are confident that the powerful trading tools and simple mobile format will prove equally attractive in the UK. We are sure our new clients will enjoy tech and enjoy investing.”

Webull UK secured its authorisation from the FCA in October 2022. It has spent the last six months hiring a team with local experience to help the platform exceed British expectations. While its offering will initially be limited to U.S.-listed securities, Webull UK expects to expand this rapidly, opening new global investment opportunities for retail investors.

Nick Saunders, Chief Executive Officer of Webull UK, said, “The investment market has changed in the last 10 years. The British public is now actively seeking low-cost investment opportunities domestically and in markets outside the UK. Webull’s strength is in our global network and innovative mindset; we look at the right solution for our clients, and seek to build on the existing, sustainable foundations to give our customers the product they want. As a pure broker, our interests are aligned with our clients. We provide the tools to help them make informed, global investment decisions.”

The Webull trading platform launched in the United States in 2018 through its SEC-registered broker-dealer and FINRA member subsidiary. In 2021, Webull was the second most downloaded app among pure-play brokerages in the U.S., according to mobile and data analytics firm App Annie. Webull has received notable recognition in the financial industry. In 2022, we won the “Best Brokerage App” award at Benzinga’s Global Fintech Awards, highlighting our commitment to superior mobile trading. We were also honored as the “Best Options Trading Platform” at the Finder Stock Trading Platform Awards. In the Stockbrokers Annual Review 2023, we were recognized as the “Best in Class” for the investor community. These accolades showcase our dedication to providing innovative and exceptional services to our users.

The Webull trading platform can be downloaded through the Apple App Store and the Google Play Store.

For more information about Webull UK, please visit Webull UK’s website at https://www.webull-uk.com. For media inquiries, please contact pr@webull.com.

About Webull

Webull is a leading digital investment platform built on next-generation global infrastructure. Webull serves tens of millions of users from over 180 countries, providing retail investors with 24/7 access to financial markets worldwide. Users can put investment strategies to work by trading global stocks, ETFs, options, and fractional shares, through Webull’s trading platform, which is currently available in the United States, Hong Kong, Singapore, Australia, South Africa, and Japan.

GlobeNewswire Distribution ID 8871304

Rediscovering History: Exploring the Fascinating the Ancient Tea-Horse Road in Yunnan

Rediscover The Ancient Tea-Horse Road
Visityunnan

Rediscovering History: Exploring the Fascinating the Ancient Tea-Horse Road in Yunnan

KUNMING, China, July 12, 2023 (GLOBE NEWSWIRE) — Yunnan Innyo Co., Ltd. is excited to collaborate with @visityunnan and share a series of videos of the Ancient Tea-Horse Road in Yunnan, China. The videos feature charming villages, famous tea mountains, delicious local cuisine, and comfortable accommodations, making Yunnan’s Ancient Tea-Horse Road known worldwide.

The Ancient Tea-Horse Road is a time-honored trade route connecting Southwest China with Tibet and Central Asia, with rich cultural and historical importance. The well-crafted tourism video covers four captivating themes, capturing the essence of Yunnan’s Ancient Tea-Horse Road experience.

Mysterious Villages
This video series showcases ancient village architecture, local villagers’ customs, and various handicrafts in Yunnan. These videos offer a unique opportunity to experience Yunnan’s ancient villages while mesmerized by their awe-inspiring landscapes.

Six Great Tea Mountains
These videos explore the six tea mountains scattered along the Lancang River in Yunnan, where the finest teas are cultivated. Witness the complex process of tea production, from picking tea leaves to tasting the tea. The video highlights international travelers enjoying the unique flavors of Yunnan tea amidst lush green tea gardens.

Food and Scenery
Embark on a gastronomic journey along the Ancient Tea-Horse Road, savoring diverse Yunnan delicacies from different regions. The video showcases the local cuisines of various ethnic groups, such as grilled fish with lemongrass and boiled chicken with sour bamboo shoots. Scenes of ethnic minorities singing and dancing at banquets highlight the region’s cultural diversity.

Banshan Hotel
These videos showcase the Banshan Hotel’s beautiful surroundings, distinctive design, impeccable service, and serene ambiance. Experience comfort and luxury at the Banshan Hotel along the Ancient Tea-Horse Road, Indulging in the stories of the Ancient Tea-Horse Road while rejuvenating amidst nature’s beauty.

These captivating video series are being released on @visityunnan’s major media platforms. To stay updated and explore the Ancient Tea-Horse Road in-depth, visit the official TikTok account @visityunnan, the official Facebook account @GoYunnan.Official, and the official Youtube account @visityunnan21! Join us on this virtual journey to rediscover history and immerse yourself in Yunnan’s rich culture, breathtaking scenery, and warm hospitality.

Media Contact

Official Website: https://www.visityunnanchina.com/

Email: row.wang@beyondsummits.com

TikTok:https://www.tiktok.com/@visityunnan

GlobeNewswire Distribution ID 8872997

LeddarTech and Ficosa Intensify Collaboration for Innovative Smart Parking Assistant

QUEBEC CITY, July 12, 2023 (GLOBE NEWSWIRE) — LeddarTech®, an automotive software company that provides patented disruptive low-level sensor fusion and perception software technology for ADAS and AD, is thrilled to announce the successful integration of LeddarTech’s advanced LeddarVision™ software with Ficosa’s cutting-edge surround-view camera system, along with other sensors such as radars, IMU and GPS. Ficosa is a leading global company dedicated to the research, development, production and marketing of advanced vision, safety and efficiency solutions for the automotive industry.

This significant milestone marks a major step forward in the strategic collaboration announced in December 2022 by Ficosa regarding integrating the LeddarVision software into Ficosa’s advanced driver assistance systems (ADAS) for parking. LeddarVision is a high-performance sensor fusion and perception software stack that provides extremely accurate 3D models of the vehicle’s surroundings, developed using raw data inputs from sensor systems. Integrating this software with Ficosa’s renowned vision technology unlocks the full potential of this software to enable Ficosa’s smart parking assistant for ADAS and AD.

In pursuit of their shared vision towards the consolidation of the autonomous vehicle, LeddarTech and Ficosa continue to strengthen their strategic collaboration towards developing a pioneering Intelligent Parking Assistance system, allowing even more detailed and precise perception of the surroundings. The hardware and software system architecture teams will begin equipping a car in Israel that will be used, in collaboration, to develop and demonstrate the smart parking assistance perception and driving features. Following this, two other vehicles in Europe will be added to the fleet showcasing the full software and hardware implementation for smart parking assist.

“LeddarTech is very pleased to partner in this collaboration and celebrate the success of integrating our LeddarVision software and Ficosa vision technology.” So stated Charles Boulanger, CEO of LeddarTech. “This relationship is driven by our commitment to pushing the boundaries of automotive technology by delivering cutting-edge solutions that enhance safety, efficiency and driver experiences. Our team is very excited to continue working with Ficosa on the next phase of the collaboration,” Mr. Boulanger concluded.

“At Ficosa, we strive to contribute to building a safer, more comfortable and efficient mobility of the future for everyone,” stated Josep Maria Forcadell, Chief Technology Officer at Ficosa. “In this sense, this innovative, intelligent automatic parking assistant that combines the fusion of LeddarTech’s low-level sensor and perception capabilities and Ficosa’s surround-view camera system will have a significantly positive impact, providing even more detailed and accurate perception of the environment,” Mr. Forcadell concluded.

About Ficosa

Ficosa is a leading global company dedicated to the research, development, production and marketing of advanced vision, safety and efficiency solutions for the automotive industry, with a vocation to contribute to society through its commitment to technological innovation, human values and energy efficiency. Founded in 1949 and with headquarters in Barcelona, Ficosa currently employs more than 8,500 people and has production and R&D centers and sales offices in Europe, North and South America, Asia and Africa. The Rear-View System (interior/side mirror) is Ficosa’s main, globally renowned business, which is recognized by the world’s leading original equipment manufacturers (OEMs). www.ficosa.com

Social media: Twitter @FICOSA_Int; LinkedIn Ficosa

For more information: Ficosa Communication Department
Mònica Acero: macero@llorenteycuenca.com +34 615 07 59 81
Pau Guerrero: pguerrero@llorenteycuenca.com

About LeddarTech

A global software company founded in 2007 and headquartered in Quebec City with additional R&D centers in Montreal, Toronto and Tel Aviv, Israel, LeddarTech develops and provides comprehensive perception software solutions that enable the deployment of ADAS and autonomous driving (AD) applications. LeddarTech’s automotive-grade software applies advanced AI and computer vision algorithms to generate accurate 3D models of the environment, allowing for better decision making and safer navigation. This high-performance, scalable, cost-effective technology is available to OEMs and Tier 1-2 suppliers to efficiently implement automotive and off-road vehicle ADAS solutions.

LeddarTech is responsible for several remote-sensing innovations, with over 150 patents granted or applied for that enhance ADAS and AD capabilities. Better awareness around the vehicle is critical in making global mobility safer, more efficient, sustainable and affordable: this is what drives LeddarTech to seek to become the most widely adopted sensor fusion and perception software solution.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook and YouTube.

Contact:
Daniel Aitken, Vice-President, Global Marketing, Communications and Investor Relations, LeddarTech Inc. Tel.: + 1-418-653-9000 ext. 232 daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.

GlobeNewswire Distribution ID 8871621

LeddarTech และ Ficosa กระชับความร่วมมือกันอย่างดีสำหรับนวัตกรรมผู้ช่วยจอดรถอัจฉริยะ

QUEBEC CITY, July 12, 2023 (GLOBE NEWSWIRE) — LeddarTech® บริษัทซอฟต์แวร์ยานยนต์ที่ให้บริการเทคโนโลยีซอฟต์แวร์ฟิวชันเซ็นเซอร์ระดับต่ำและการรับรู้ที่พลิกโฉมที่จดสิทธิบัตรสำหรับ ADAS และ AD นั้นรู้สึกตื่นเต้นที่จะประกาศความสำเร็จในการรวมซอฟต์แวร์ LeddarVision™ ขั้นสูงของ LeddarTech เข้ากับระบบกล้องมองภาพรอบทิศทางที่ล้ำสมัยของ Ficosa พร้อมกับเซ็นเซอร์อื่น ๆ เช่น เรดาร์ IMU และ GPS Ficosa เป็นบริษัทชั้นนำระดับโลกที่อุทิศตนให้กับการวิจัย การพัฒนา การผลิตและการตลาดของโซลูชันวิสัยทัศน์ ความปลอดภัยและประสิทธิภาพขั้นสูงสำหรับอุตสาหกรรมยานยนต์

เหตุการณ์สำคัญนี้ถือเป็นก้าวสำคัญของความร่วมมือเชิงกลยุทธ์ที่ Ficosa ประกาศเมื่อเดือนธันวาคม 2565 เกี่ยวกับการรวมซอฟต์แวร์ LeddarVision เข้ากับระบบช่วยเหลือผู้ขับขี่ขั้นสูง (ADAS) ของ Ficosa สำหรับการจอดรถ LeddarVision เป็นชุดซอฟต์แวร์ฟิวชันเซ็นเซอร์และการรับรู้ที่มีประสิทธิภาพสูงซึ่งให้แบบจำลอง 3 มิติของสภาพแวดล้อมของยานพาหนะที่แม่นยำอย่างมาก ซึ่งพัฒนาขึ้นโดยใช้ข้อมูลดิบที่ป้อนเข้ามาจากระบบเซ็นเซอร์ การรวมซอฟต์แวร์นี้เข้ากับเทคโนโลยีการมองเห็นที่มีชื่อเสียงของ Ficosa จะปลดล็อกศักยภาพทั้งหมดของซอฟต์แวร์นี้เพื่อเปิดใช้งานผู้ช่วยจอดรถอัจฉริยะของ Ficosa สำหรับ ADAS และ AD

ในการแสวงหาวิสัยทัศน์ร่วมกันของบริษัททั้งสองต่อการรวมยานพาหนะอัตโนมัติ LeddarTech และ Ficosa ยังคงเสริมสร้างความร่วมมือเชิงกลยุทธ์ของตนในการพัฒนาระบบช่วยจอดรถอัจฉริยะรุ่นบุกเบิก ซึ่งช่วยให้สามารถรับรู้สภาพแวดล้อมได้อย่างละเอียดและแม่นยำยิ่งขึ้น ทีมงานสถาปัตยกรรมระบบฮาร์ดแวร์และซอฟต์แวร์จะเริ่มจัดเตรียมรถยนต์ในอิสราเอลที่จะถูกนำมาใช้งานร่วมกัน เพื่อพัฒนาและสาธิตการรับรู้การช่วยจอดรถอัจฉริยะและคุณสมบัติการขับขี่ หลังจากนี้ รถอีกสองคันในยุโรปจะถูกเพิ่มเข้ามาในขบวนรถ ซึ่งจะแสดงการใช้งานซอฟต์แวร์และฮาร์ดแวร์เต็มรูปแบบสำหรับระบบช่วยจอดรถอัจฉริยะ

“LeddarTech มีความยินดีเป็นอย่างยิ่งที่ได้เป็นพันธมิตรในการร่วมมือนี้และเฉลิมฉลองความสำเร็จของการรวมซอฟต์แวร์ LeddarVision และเทคโนโลยีการมองเห็น Ficosa เข้าด้วยกัน” Mr. Charles Boulanger ประธานเจ้าหน้าที่บริหารของ LeddarTech กล่าว “ความสัมพันธ์นี้ได้รับการขับเคลื่อนโดยความมุ่งมั่นของเราในการผลักดันขอบเขตของเทคโนโลยียานยนต์ด้วยการนำเสนอโซลูชันล้ำสมัยที่ช่วยเพิ่มความปลอดภัย อีกทั้งเพิ่มประสิทธิภาพและประสบการณ์ของผู้ขับขี่ ทีมงานของเรารู้สึกตื่นเต้นมากที่จะได้ร่วมงานกับ Ficosa ต่อไปในระยะถัดไปของการทำงานร่วมกัน” คุณ Boulanger กล่าวสรุป

Josep Maria Forcadell ประธานเจ้าหน้าที่ฝ่ายเทคโนโลยีของ Ficosa กล่าวว่า “ที่ Ficosa เรามุ่งมั่นที่จะมีส่วนร่วมในการสร้างการเดินทางแห่งอนาคตที่ปลอดภัยยิ่งขึ้น สะดวกสบายมากขึ้นและมีประสิทธิภาพสำหรับทุกคน” “ในแง่นี้ ระบบช่วยจอดรถอัตโนมัติอัจฉริยะที่เป็นนวัตกรรมใหม่ที่รวมการหลอมรวมเซ็นเซอร์ระดับต่ำและความสามารถในการรับรู้ของ LeddarTech และระบบกล้องมองภาพรอบทิศทางของ Ficosa จะส่งผลดีอย่างมาก ให้การรับรู้สภาพแวดล้อมที่มีรายละเอียดและแม่นยำยิ่งขึ้น” คุณ Forcadell กล่าวสรุป

เกี่ยวกับ Ficosa

Ficosa เป็นบริษัทชั้นนำระดับโลกที่อุทิศตนเพื่อการวิจัย การพัฒนา การผลิตและการตลาดของวิสัยทัศน์ขั้นสูง ความปลอดภัยและโซลูชันที่มีประสิทธิภาพสำหรับอุตสาหกรรมยานยนต์ ด้วยความมุ่งมั่นในการช่วยเหลือสังคมผ่านความมุ่งมั่นในการพัฒนานวัตกรรมทางเทคโนโลยี คุณค่าของมนุษย์และประสิทธิภาพการใช้พลังงาน Ficosa ก่อตั้งขึ้นในปี 2492 และมีสำนักงานใหญ่ในบาร์เซโลนา ปัจจุบันมีพนักงานมากกว่า 8,500 คน มีศูนย์การผลิตและการวิจัยและพัฒนา และสำนักงานขายในยุโรป อเมริกาเหนือและใต้ เอเชียและแอฟริกา ระบบมองหลังของ Ficosa (ภายใน/กระจกมองข้าง) นั้นเป็นธุรกิจหลักที่มีชื่อเสียงระดับโลก ซึ่งได้รับการยอมรับจากผู้ผลิตอุปกรณ์ดั้งเดิม (OEM) ชั้นนำของโลก www.ficosa.com

โซเชียลมีเดีย: Twitter @FICOSA_Int; LinkedIn Ficosa

สำหรับข้อมูลเพิ่มเติม: แผนกสื่อสารของ Ficosa
Mònica Acero: macero@llorenteycuenca.com +34 615 07 59 81
Pau Guerrero: pguerrero@llorenteycuenca.com

เกี่ยวกับ LeddarTech

บริษัทซอฟต์แวร์ระดับโลกที่ก่อตั้งขึ้นในปี 2550 และมีสำนักงานใหญ่ในควิเบกซิตี้ โดยมีศูนย์การวิจัยและพัฒนาเพิ่มเติมในมอนทรีออล โตรอนโต และเทลอาวีฟ ประเทศอิสราเอล LeddarTech พัฒนาและจัดหาโซลูชันซอฟต์แวร์การรับรู้ที่ครอบคลุมซึ่งเปิดใช้งานการใช้งาน ADAS และแอปพลิเคชันการขับขี่อัตโนมัติ (AD) ซอฟต์แวร์เกรดยานยนต์ของ LeddarTech นั้นใช้ AI ขั้นสูงและอัลกอริธึมการมองเห็นด้วยคอมพิวเตอร์เพื่อสร้างแบบจำลอง 3D ของสภาพแวดล้อมที่แม่นยำ ช่วยให้สามารถตัดสินใจได้ดียิ่งขึ้นและนำทางได้ปลอดภัยยิ่งขึ้น เทคโนโลยีที่ประสิทธิภาพสูง ปรับขนาดได้และคุ้มค่านี้มีให้สำหรับ OEM และซัพพลายเออร์ระดับ Tier 1-2 เพื่อใช้โซลูชัน ADAS สำหรับยานยนต์และรถออฟโรดอย่างมีประสิทธิภาพ

LeddarTech นั้นเป็นผู้รับผิดชอบนวัตกรรมการรับรู้จากระยะไกลหลายรายการ โดยได้รับสิทธิบัตรมากกว่า 150 ฉบับหรือนำไปใช้เพื่อเพิ่มขีดความสามารถของ ADAS และ AD การรับรู้ถึงรอบยานพาหนะที่ดีขึ้นนั้นเป็นสิ่งสำคัญในการทำให้การสัญจรทั่วโลกปลอดภัยขึ้น มีประสิทธิภาพมากขึ้น ยั่งยืนและราคาสามารถเข้าถึงได้: นี่คือสิ่งที่ผลักดันให้ LeddarTech พยายามกลายเป็นโซลูชันซอฟต์แวร์ฟิวชันเซ็นเซอร์และการรับรู้ที่นำมาใช้กันอย่างแพร่หลาย

ดูข้อมูลเพิ่มเติมเกี่ยวกับ LeddarTech ได้ที่ www.leddartech.com และบน LinkedIn, Twitter, Facebook และ YouTube

ติดต่อ:
Daniel Aitken รองประธานบริษัทฝ่ายการตลาดโลก ฝ่ายผู้ลงทุนและการสื่อสารสัมพันธ์ LeddarTech Inc. โทร: + 1-418-653-9000 ต่อ 232 daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarVision, LeddarSP, VAYADrive, VayaVision และโลโก้ที่เกี่ยวข้องล้วนเป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าจดทะเบียนของ LeddarTech Inc. และบริษัทในเครือ แบรนด์ ชื่อผลิตภัณฑ์ และเครื่องหมายอื่น ๆ ทั้งหมดเป็นหรืออาจเป็นเครื่องหมายการค้าหรือเครื่องหมายการค้าจดทะเบียนที่ใช้เพื่อระบุผลิตภัณฑ์หรือบริการของเจ้าของที่เกี่ยวข้อง

GlobeNewswire Distribution ID 8872569

Plug Power to Supply Two 5 MW PEM Electrolyzers for Australian Green Hydrogen Projects

Plug electrolyzers will contribute to decarbonization of road transportation and natural gas sectors

LATHAM, N.Y., July 11, 2023 (GLOBE NEWSWIRE) — Plug Power Inc. (NASDAQ: PLUG), a global leader in comprehensive hydrogen solutions for the green hydrogen economy, has been selected to supply two 5-megawatt (MW) proton exchange membrane (PEM) electrolyzer systems for green hydrogen projects in Tasmania, Australia, under development by Countrywide Hydrogen Pty Ltd, a wholly-owned subsidiary of ReNu Energy Limited (ReNu Energy) (ASX:RNE).

Plug’s electrolyzer systems, which were selected by Countrywide Hydrogen, will be installed at planned production facilities in Brighton near Hobart and Western Junction near Launceston. The 4,200 kg/day of hydrogen produced at these two sites will be used to decarbonize road transport and natural gas sectors in Tasmania.

“Plug is pleased to support Countrywide Hydrogen with its ambitious green hydrogen projects in the state of Tasmania,” said Plug CEO Andy Marsh. “The plants are strategically located to leverage existing infrastructure, and Plug’s PEM electrolyzer systems are a perfect complement to the plant designs.”

The hydrogen will be produced via electrolysis with renewable power planned to be initially sourced from the state grid, with subsequent supply from behind-the-meter solar and power purchase agreements from wind, solar and hydropower operators. The water will be supplied from TasWater’s network.

The design includes a second electrolyzer at each site to meet increased hydrogen demand. It ensures a secure supply by implementing electrolyzer redundancy and use of tube trailers for hydrogen storage. The storage system ensures that the sites can support one another in the event of unexpected outages. The sites will include connections to the TasGas network, allowing injection of hydrogen into the network as well as supply to local industry.

About Plug
Plug is building an end-to-end green hydrogen ecosystem, from production, storage and delivery to energy generation, to help its customers meet their business goals and decarbonize the economy. In creating the first commercially viable market for hydrogen fuel cell technology, the company has deployed more than 60,000 fuel cell systems and over 180 fueling stations, more than anyone else in the world, and is the largest buyer of liquid hydrogen. With plans to build and operate a green hydrogen highway across North America and Europe, Plug is operating a state-of-the-art Gigafactory to produce electrolyzers and fuel cells, and is commissioning multiple green hydrogen production plants that will yield 500 tons of liquid green hydrogen daily by year end 2025. Plug will deliver its green hydrogen solutions directly to its customers and through joint venture partners into multiple environments, including material handling, e-mobility, power generation, and industrial applications. For more information, visit www.plugpower.com.

Plug Power Safe Harbor Statement

This communication contains “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995 that involve significant risks and uncertainties about Plug Power Inc. (“PLUG”), including but not limited to statements about: Plug’s electrolyzer systems being installed at planned production facilities in Brighton near Hobart and Western Junction near Launceston; Plug’s electrolyzer systems being able to produce a combined 4,200kg/day of hydrogen between the two sites; the intended use to decarbonize road transport and natural gas sectors in Tasmania; The planned renewable power to be sourced from the state grid, and subsequent supply from behind-the-meter solar and power purchase agreements from wind, solar, and hydropower operators. Water being supplied from TasWater’s network; The proposed design to include a second electrolyzer at each site to implement electrolyzer redundancy, with proposed use of tube trailers for hydrogen storage; The proposed connections to the TasGas network, allowing injection of hydrogen into the network as well as supply to local industry; Plug’s plans to build and operate a green hydrogen highway across North America and Europe, that may yield 500 tons of liquid green hydrogen daily by year end 2025. Such statements are subject to risks and uncertainties that could cause actual performance or results to differ materially from those expressed in these statements. For a further description of the risks and uncertainties that could cause actual results to differ from those expressed in these forward-looking statements, as well as risks relating to the business of PLUG in general, see PLUG’s public filings with the Securities and Exchange Commission (the “SEC”), including the “Risk Factors” section of PLUG’s Annual Report on Form 10-K for the year ended December 31, 2022 and any subsequent filings with the SEC. Readers are cautioned not to place undue reliance on these forward-looking statements. The forward-looking statements are made as of the date hereof, and PLUG undertakes no obligation to update such statements as a result of new information.

MEDIA CONTACT

Kristin Monroe
Allison+Partners
plugPR@allisonpr.com

GlobeNewswire Distribution ID 8872790

Junshi Biosciences Announces Acceptance of the Supplemental New Drug Application for Toripalimab

SHANGHAI, China, July 11, 2023 (GLOBE NEWSWIRE) — Shanghai Junshi Biosciences Co., Ltd (“Junshi Biosciences,” HKEX: 1877; SSE: 688180), a leading innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of novel therapies, announced that the supplemental new drug application for toripalimab, the company’s anti-PD-1 monoclonal antibody, in combination with axitinib for the first-line treatment of patients with unresectable or metastatic renal cell carcinoma (“RCC”), has been accepted by the National Medical Products Administration (“NMPA”).

Globally, renal carcinoma is the third most common type of malignancy in the urinary system, and RCC accounts for 80%-90% of all cases. According to data published in the Chinese Medical Journal, in 2022, there were approximately 77,000 new cases of renal carcinoma and 46,000 deaths due to this disease in China. Approximately one-third of the renal carcinoma patients had distant metastasis at initial diagnosis, while 20%-50% of the patients with localized tumors developed distant metastases after nephrectomy. According to the risk classification of the International Metastatic Renal Cell Carcinoma Database Consortium (IMDC), patients with low, medium and high-risk metastatic RCC who were receiving anti-vascular targeted treatment demonstrated median overall survival (“OS”) rates of 35.3, 16.6 and 5.4 months, respectively. Therefore, the need for new treatment options is more urgent for patients with medium and high-risk advanced RCC compared to low-risk patients.

This supplemental new drug application is mainly based on the RENOTORCH study (NCT04394975). As the first pivotal phase 3 study of immunotherapy for patients with advanced RCC in China, RENOTORCH is a multi-center, randomized, open-label, active-controlled study aiming to evaluate the efficacy and safety of toripalimab in combination with axitinib versus sunitinib monotherapy for the first-line treatment of patients with intermediate to high-risk unresectable or metastatic RCC. The study was jointly led by principal investigators Professor Jun GUO of the Peking University Cancer Hospital and Professor Yiran HUANG of Renji Hospital affiliated to Shanghai Jiao Tong University School of Medicine.

According to the study’s interim analysis, toripalimab in combination with axitinib for the first-line treatment of patients with advanced RCC significantly reduced the risk of disease progression or death compared to sunitinib monotherapy, while improving secondary endpoints such as ORR. The safety profile of toripalimab in the study was consistent with known risks, and no new safety signals were identified. Further details on the study data will be presented at an upcoming international academic conference.

Dr. Jianjun ZOU, the Global Research and Development President of Junshi Biosciences, expressed her enthusiasm regarding the acceptance of this application. “Currently, China’s primary approach towards treating advanced RCC still relies heavily on targeted monotherapy using TKIs, and unfortunately, the benefits from this treatment are minimal for patients. We are therefore immensely excited about the RENOTORCH study, a Chinese-led clinical trial conducted in the Chinese population that has demonstrated that combining toripalimab with axitinib can significantly prolong patients’ progression-free survival (PFS). This means that the field of renal cancer treatment in China may soon welcome its very first ‘immune-targeting’ combination therapy. We will actively communicate and collaborate with regulatory authorities and hope to soon provide more effective and accessible treatment options to Chinese patients.”

About RENOTORCH

The RENOTORCH study is a multicenter, randomized, open-label, active-controlled phase 3 study aiming to evaluate the efficacy and safety of toripalimab in combination with axitinib versus sunitinib monotherapy for the first-line treatment of patients with intermediate to high-risk unresectable or metastatic RCC. Enrolled individuals were randomly assigned in a 1:1 ratio to receive toripalimab in combination with either axitinib or sunitinib until disease progression or intolerable toxicity. The primary endpoint is PFS as assessed by the Independent Radiographic Review Committee (“IRC”), and secondary endpoints include PFS as assessed by investigators, ORR as assessed by IRC or investigators, duration of response (DOR), disease control rate (DCR), OS, safety profile, etc. The study is jointly led by principal investigators Professor Jun GUO of the Peking University Cancer Hospital and Professor Yiran HUANG of Renji Hospital affiliated to Shanghai Jiao Tong University School of Medicine. The study was launched in August 2020, with 47 domestic centers participating and 421 patients enrolled and randomized.

About Toripalimab

Toripalimab is an anti-PD-1 monoclonal antibody developed for its ability to block PD-1 interactions with its ligands, PD-L1 and PD-L2, and for enhanced receptor internalization (endocytosis function). Blocking PD-1 interactions with PD-L1 and PD-L2 promotes the immune system’s ability to attack and kill tumor cells.

More than forty company-sponsored toripalimab clinical studies covering more than fifteen indications have been conducted globally by Junshi Biosciences, including in China, the United States, Southeast Asia, and Europe. Ongoing or completed pivotal clinical trials evaluating the safety and efficacy of toripalimab cover a broad range of tumor types, including cancers of the lung, nasopharynx, esophagus, stomach, bladder, breast, liver, kidney, and skin.

In China, toripalimab was the first domestic anti-PD-1 monoclonal antibody approved for marketing (approved in China as TUOYI®). Currently, there are six approved indications for toripalimab in China:

  1. unresectable or metastatic melanoma after failure of standard systemic therapy;
  2. recurrent or metastatic nasopharyngeal carcinoma (“NPC”) after failure of at least two lines of prior systemic therapy;
  3. locally advanced or metastatic urothelial carcinoma that failed platinum-containing chemotherapy or progressed within 12 months of neoadjuvant or adjuvant platinum-containing chemotherapy;
  4. in combination with cisplatin and gemcitabine as the first-line treatment for patients with locally recurrent or metastatic NPC;
  5. in combination with paclitaxel and cisplatin in first-line treatment of patients with unresectable locally advanced/recurrent or distant metastatic esophageal squamous cell carcinoma (“ESCC”);
  6. in combination with pemetrexed and platinum as the first-line treatment in EGFR mutation-negative and ALK mutation-negative, unresectable, locally advanced or metastatic non-squamous non-small cell lung cancer (NSCLC).

The first three indications have been included in the National Reimbursement Drug List (NRDL) (2022 Edition). Toripalimab is the only anti-PD-1 monoclonal antibody included in the NRDL for the treatment of melanoma.

In the United States, the Biologics License Application (BLA) for toripalimab in combination with gemcitabine/cisplatin for the first-line treatment of patients with advanced recurrent or metastatic NPC and toripalimab monotherapy for the second-line or later treatment of recurrent or metastatic NPC after platinum-containing chemotherapy is under review by the U.S. Food and Drug Administration (“FDA”). The FDA has granted Breakthrough Therapy designations for toripalimab in combination with chemotherapy for the first-line treatment of recurrent or metastatic NPC as well as for toripalimab monotherapy in the second or third-line treatment of recurrent or metastatic NPC. Additionally, the FDA has granted Fast Track designation for toripalimab for the treatment of mucosal melanoma and Orphan Drug designations for the treatment of esophageal cancer, NPC, mucosal melanoma, soft tissue sarcoma, and small cell lung cancer (SCLC).

In Europe, marketing authorization applications (MAA) were accepted by the European Medicines Agency (EMA) and the United Kingdom’s Medicines and Healthcare products Regulatory Agency (MHRA) for 1) toripalimab combined with cisplatin and gemcitabine for the first-line treatment of patients with locally recurrent or metastatic NPC and 2) toripalimab combined with paclitaxel and cisplatin for the first-line treatment of patients with unresectable locally advanced/recurrent or metastatic ESCC, in December 2022 and February 2023.

About Junshi Biosciences

Founded in December 2012, Junshi Biosciences (HKEX: 1877; SSE: 688180) is an innovation-driven biopharmaceutical company dedicated to the discovery, development, and commercialization of innovative therapeutics. The company has established a diversified R&D pipeline comprising over 50 drug candidates, with five therapeutic focus areas covering cancer, autoimmune, metabolic, neurological, and infectious diseases. Junshi Biosciences was the first Chinese pharmaceutical company that obtained marketing approval for an anti-PD-1 monoclonal antibody in China. Its first-in-human anti-BTLA monoclonal antibody for the treatment of various cancers was the first in the world to be approved for clinical trials by the FDA and NMPA and has since entered Phase Ib/II trials in both China and the US. Its anti-PCSK9 monoclonal antibody was the first in China to be approved for clinical trials by the NMPA.

In the face of the pandemic, Junshi Biosciences’ response was strong and immediate, joining forces with Chinese and international scientific research institutions and enterprises to develop an arsenal of drug candidates to combat COVID-19, taking the initiative to shoulder the social responsibility of Chinese pharmaceutical companies by prioritizing and accelerating COVID-19 R&D. In 2021, JS016 (etesevimab), China’s first neutralizing fully human monoclonal antibody against SARS-CoV-2 administered with bamlanivimab, was granted Emergency Use Authorizations (EUA) in over 15 countries and regions worldwide. Meanwhile, VV116 (deuremidevir hydrobromide), a novel oral nucleoside analog anti-SARS-CoV-2 drug designed to hinder virus replication, has been approved for marketing in China and Uzbekistan. The JS016 and VV116 programs are a part of the company’s continuous efforts towards innovation for disease control and prevention of the global pandemic.

Junshi Biosciences has about 3,000 employees in the United States (San Francisco and Maryland) and China (Shanghai, Suzhou, Beijing, Guangzhou, etc.). For more information, please visit: http://junshipharma.com.

Junshi Biosciences Contact Information
IR Team:
Junshi Biosciences
info@junshipharma.com
+ 86 021-6105 8800

PR Team:
Junshi Biosciences
Zhi Li
zhi_li@junshipharma.com
+ 86 021-6105 8800

GlobeNewswire Distribution ID 8872935