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Bombardier Ramps Up Second Test Phase of EcoJet Research Project, Sees 18-Foot-Wide Prototype Flying

  • Bombardier solidifies its leadership position in sustainable aviation and continues its industry–defining work on the EcoJet research project by ramping up the second phase of testing
  • As part of this new stage of the EcoJet research project, Bombardier is flying an 18–foot–wide test vehicle designed as a blended wing body (BWB) aircraft
  • Bombardier's engineering team explores the BWB aircraft configuration and new technologies to reduce business jets emission by up to 50%

LAS VEGAS, Oct. 16, 2023 (GLOBE NEWSWIRE) — Bombardier today unveiled exclusive images of its EcoJet research project's second test phase to the attendees of NBAA–BACE 2023. The promising flight tests were conducted with an 18–foot–wide demonstrator and have generated important results, contributing to the advancement of this pivotal project.

Bombardier's EcoJet research project aims to reduce aircraft emissions by up to 50% through a combination of aerodynamic, propulsion and other enhancements. EcoJet is a sustainability–focused research and technology initiative which started 15 years ago. This project has successfully materialized into a family of Blended Wing Body (BWB) test vehicles, with flight tests being conducted to develop and mature relevant technologies. The analysis of the data gathered from the 18–foot–wide prototype will allow Bombardier's engineering team to perfect its knowledge of new aviation control laws that are adapted to the radically different BWB geometry, bound to be applied to more sustainable, future business aircraft.

"Our engineers are eager to start working with the results yielded by this second phase of the flight test program," said Stephen McCullough, Senior Vice President of Engineering and Product Development. "Building on the significant data drawn from the initial flight–testing phase, and now leveraging a model twice as large as the first prototype, we can further refine our analysis. With each additional experimental stage, we are paving the way for more sustainable aircraft designs and new technologies.''

Flight campaigns on scaled test vehicles allow the organization and its academic partners to explore the behavior of BWB designed vehicles in free flight. Comprised of several free–flight campaigns, the flight–testing program will be held over multiple years to generate increasingly precise data in real–world, representative environments.

The 18–foot–wide prototype of Bombardier's EcoJet research project has flown for the first time in 2022 and can fly autonomously. Bombardier's Research and Technology team has started testing real life feasibility of their theoretical work back in 2017 with the first prototype, which had a wingspan of approximately 8 feet. While laying the foundation for more sustainable business jets, Bombardier will also leverage its EcoJet prototypes to continue creating incredible customer experience.

About Bombardier

Bombardier (BBD–B.TO) is a global leader in aviation, focused on designing, manufacturing, and servicing the world's most exceptional business jets. Bombardier's Challenger and Global aircraft families are renowned for their cutting–edge innovation, cabin design, performance, and reliability. Bombardier has a worldwide fleet of approximately 5,000 aircraft in service with a wide variety of multinational corporations, charter and fractional ownership providers, governments, and private individuals. Bombardier aircraft are also trusted around the world in government and military special–mission roles leveraging Bombardier Defense's proven expertise."

Headquartered in Greater Montral, Qubec, Bombardier operates aerostructure, assembly and completion facilities in Canada, the United States and Mexico. The company's robust customer support network services the Learjet, Challenger and Global families of aircraft, and includes facilities in strategic locations in the United States and Canada, as well as in the United Kingdom, Germany, France, Switzerland, Italy, Austria, the UAE, Singapore, China and Australia."

For corporate news and information, including Bombardier's Environmental, Social and Governance report, as well as the company's plans to cover all its flight operations with Sustainable Aviation Fuel (SAF) utilizing the Book and Claim system visit bombardier.com. Learn more about Bombardier's industry–leading products and customer service network at businessaircraft.bombardier.com. Follow us on X (Twitter) @Bombardier.

Visuals related to Bombardier's announcements at NBAA are available here: https://bombardier.mediavalet.com/portals/NBAA2023

For Information

Marie–Andre Charron
Representative, Public Relations and Medias
Bombardier
+1 514–441–2598
marie–andree.charron@aero.bombardier.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/9f9334ce–4557–432e–9606–99bb696ad210


GLOBENEWSWIRE (Distribution ID 8949884)

Bombardier accélère la deuxième phase d’essais du projet de recherche EcoJet et fait voler un prototype de 5,5 m (18 pi) de large

  • Bombardier renforce sa position de leader de l'aviation durable et poursuit son travail phare dans l'industrie avec le projet de recherche EcoJet en acclrant la deuxime phase d'essais
  • Dans le cadre de cette nouvelle tape du projet de recherche EcoJet, Bombardier fait voler un vhicule d'essais de 5,5 m (18 pi) d'envergure conu comme un avion aile et fuselage intgrs
  • L'quipe d'ingnierie de Bombardier explore la configuration aile et fuselage intgrs et de nouvelles technologies afin de rduire jusqu' 50 % les missions des avions d'affaires

MONTRÉAL, 16 oct. 2023 (GLOBE NEWSWIRE) — Bombardier a dvoil aujourd'hui des images exclusives de la deuxime phase d'essais de son projet de recherche EcoJet aux participants du salon annuel 2023 de l'association de l'aviation d'affaires des tats–Unis (NBAA–BACE) Las Vegas. Les essais en vol prometteurs ont t effectus par un vhicule de dmonstration de 5,5 m (18 pi) d'envergure et ont gnr d'importants rsultats, contribuant l'avancement de ce projet crucial.

Le projet de recherche EcoJet de Bombardier vise rduire jusqu' 50 % les missions d'avion par une combinaison d'amliorations arodynamiques, de propulsion ou autres. Cette initiative de recherche et technologie axe sur l'coresponsabilit a t lance il y a 15 ans et s'est maintenant concrtise en une gamme de vhicules aile et fuselage intgrs qui performent des essais en vol pour dvelopper et porter maturit les technologies pertinentes. L'analyse des donnes recueillies partir du prototype de 5,5 m (18 pi) d'envergure permettra l'quipe d'ingnierie de Bombardier de parfaire ses connaissances des nouvelles lois de contrle de l'aviation adaptes la gomtrie radicalement diffrente d'un avion aile et fuselage intgrs, destines tre appliques aux avions d'affaires du futur plus durables.

Nos ingnieurs sont impatients de commencer exploiter les rsultats tirs de cette deuxime phase du programme d'essais en vol, a affirm Stephen McCullough, vice–prsident principal, Ingnierie et Dveloppement de produit. partir des nombreuses donnes tires de la premire phase d'essais en vol et tirant maintenant parti d'un modle d'envergure deux fois plus large que le premier prototype, nous pouvons raffiner notre analyse. Chacune des phases exprimentales supplmentaires nous permet de tracer la voie menant vers des conceptions d'avions plus respectueuses de l'environnement et de nouvelles technologies.

Les campagnes de vol sur des vhicules d'essais rduits permettent l'entreprise et ses partenaires du monde universitaire d'explorer le comportement de vhicules aile et fuselage intgrs en vol libre. Compos de plusieurs campagnes de vol libre, le programme d'essais en vol sera ralis sur plusieurs annes pour gnrer des donnes sans cesse plus prcises dans des environnements reprsentatifs du monde rel.

Le prototype de 5,5 m (18 pi) d'envergure du projet de recherche EcoJet de Bombardier a vol pour la premire fois en 2022 et il peut voler de faon autonome. L'quipe Recherche et Technologie de Bombardier a commenc tester en 2017 la faisabilit en situation relle de son travail thorique avec le premier prototype, lequel a une envergure d'environ 2,4 m (8 pi). Tout en jetant les bases d'avions d'affaires plus respectueux de l'environnement, Bombardier tirera parti de ses prototypes Ecojet afin de continuer crer une exprience client incroyable.

propos de Bombardier

Bombardier (BBD–B.TO) est un leader mondial en aviation, ax sur la conception et la construction d'avions d'affaires exceptionnels et sur les services connexes. Les avions des gammes Challenger et Global de Bombardier sont reconnus pour les innovations de pointe qu'ils offrent, la conception de leur cabine, leurs performances et leur fiabilit. La flotte mondiale d'avions Bombardier compte environ 5 000 avions en service auprs d'un large ventail de multinationales, de fournisseurs de vols noliss et de programmes de multiproprit, de gouvernements ou de particuliers. Les avions Bombardier sont aussi utiliss dans le monde entier dans le cadre de missions gouvernementales et militaires spciales faisant appel l'expertise prouve de Bombardier Dfense."

Bombardier, dont le sige social est situ dans la rgion mtropolitaine de Montral, au Qubec, exploite des installations d'activits lies aux arostructures, l'assemblage ou la finition au Canada, aux tats–Unis et au Mexique. Le solide rseau de soutien la clientle de l'entreprise comprend des centres de service pour avions Learjet, Challenger et Global, situs stratgiquement aux tats–Unis et au Canada, ainsi qu'au Royaume–Uni, en Allemagne, en France, en Suisse, en Italie, en Autriche, aux mirats arabes unis, Singapour, en Chine, et en Australie."

On trouvera des nouvelles et des renseignements sur l'entreprise, y compris le rapport de Bombardier sur les aspects environnementaux, sociaux et de gouvernance, ainsi que les plans de l'entreprise pour couvrir la totalit de ses oprations ariennes avec du carburant d'aviation durable en utilisant le systme Rserver et rclamer, sur le site bombardier.com. Pour en savoir plus sur les produits de Bombardier et son rseau de service clientle l'avant–garde de l'industrie, consultez le site businessaircraft.bombardier.com/fr. Suivez–nous sur X (Twitter) @Bombardier.""

Des images Bombardier"en lien avec ses annonces faites NBAA sont disponibles ici : https://bombardier.mediavalet.com/portals/NBAA2023

Information

Marie–Andre Charron
Reprsentante, Relations publiques et mdias
Bombardier
+1 514 441–2598
marie–andree.charron@aero.bombardier.com

Une photo associe ce communiqu de presse est disponible l'adresse suivante :
https://www.globenewswire.com/NewsRoom/AttachmentNg/9f9334ce–4557–432e–9606–99bb696ad210/fr


GLOBENEWSWIRE (Distribution ID 8949884)

Crurated annonce la disponibilité exclusive de vins de collection vintage du Domaine Robert Groffier à la fois pour les restaurants et les acheteurs privés à l'échelle mondiale

LONDRES, 16 oct. 2023 (GLOBE NEWSWIRE) — Crurated, communaut viticole de membres base Londres visant tablir un contact entre les connaisseurs et les producteurs de classe mondiale, annonce la disponibilit de vins de collection vintage du Domaine Robert Groffier. La collection sera exclusivement vendue aux membres de la communaut Crurated et sera disponible l'chelle mondiale tant pour les restaurants que pour les acheteurs privs. La famille Groffier fait partie des meilleurs vignerons de la Cte de Nuits. Fond l'origine par le pre de Robert Groffier, Jules, dans les annes 50, le Domaine est aujourd'hui dirig par le petit–fils de Robert, Nicolas Groffier, et son pouse Cline. Pour tout complment d'information sur l'adhsion et les opportunits d'achat, veuillez consulter le site www.crurated.com.

Groffier et Crurated font aussi quipe pour distribuer la Collection Groffier unique au format Magnum et plus. La technologie NFT de Crurated et les bouchons capsule or du Domaine Groffier offrent la meilleure garantie d'authenticit pour les bouteilles provenant directement du Domaine.

La collection vintage sur Crurated se compose des lots suivants :

  • Une slection verticale des Amoureuses (2016–2021), que l'on considre comme faisant partie des meilleurs terroirs de la Cte de Nuits
  • Une slection horizontale de certains des meilleurs terroirs de France de 2009
  • Des magnums et bouteilles de la cave prive de la famille Groffier reprsentant chaque dcennie depuis 1970
  • Une fabuleuse slection verticale de magnums Chambertin Clos de 1997 2008

La capsule or sur les bouteilles vintage garantit la provenance.

Cette opportunit dbute le 16 octobre 2023 et ces vins exceptionnels seront proposs aux membres Crurated par l'intermdiaire d'une vente prive.

Proposer des vins de notre collection vintage travers l'utilisation de NFT et de la technologie blockchain constitue un moyen unique et tout fait indit d'assurer la provenance et de garantir que les vins viennent directement de la cave o ils prennent de l'ge depuis leur mise en bouteille , explique Nicolas. Nous essayons toujours de trouver la meilleure faon, et la plus directe, de faire en sorte que nos vins parviennent aux consommateurs et aux restaurateurs, et notre partenariat avec Crurated nous permet de tenir cette promesse.

Nicolas prend la qualit trs au srieux et lui a fait atteindre un niveau sans prcdent tout en se focalisant sur l'innovation et en restant fidle aux traditions transmises depuis des gnrations , a dclar Alfonso de Gaetano, PDG et fondateur de Crurated. Nous continuons de crer des partenariats exclusifs avec des producteurs qui renforcent plus encore les avantages que nous offrons nos membres. Nous sommes honors d'avoir la chance de proposer cette collection et de travailler avec Nicolas et son quipe.

Chaque bouteille sera accompagne d'un NFT. Enregistr jamais sur la blockchain, le NFT vrifiera l'authenticit de la bouteille et fournira d'autres dtails importants tels que la provenance, l'historique de proprit, la cuve, la localisation du vignoble, le cpage et d'autres informations cls. Les NFT sont facilement accessibles depuis un tlphone prenant en charge les NFC ou la RFID. L'historique des bouteilles est galement mis jour via un nouvel enregistrement sur la blockchain chaque fois que le vin est revendu et que le jeton passe d'un client un autre.

propos de Crurated
Fonde en 2021, Crurated est la premire communaut viticole base sur la blockchain en ligne qui certifie la provenance de chacune des bouteilles qu'elle vend avec un NFT. L'quipe est passionne par la cration d'opportunits permettant aux membres d'acheter des vins rares directement au domaine dans lequel ils sont produits. Des labels comprenant Charles Lachaux, Domaine Arnoux–Lachaux et Robert Groffier ont sign des accords de distribution exclusifs avec Crurated, d'autres tant venir. Les membres peuvent aussi interagir avec les vignerons partenaires lors d'vnements privs, ainsi qu'avec des chefs clbres, dans des endroits stupfiants du monde entier. l'avenir, Crurated tendra son offre de produits dans d'autres segments du luxe et la technologie pilote par le mtavers. Pour tout complment d'information, veuillez consulter le site www.crurated.com.

Contact RP
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

Les photos accompagnant ce communiqu de presse sont disponibles aux adresses suivantes :
https://www.globenewswire.com/NewsRoom/AttachmentNg/3890e653–f065–4dff–84b8–461bff2ad0cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/c93f7aa8–860e–42c4–95f7–eb4ee1c16355


GLOBENEWSWIRE (Distribution ID 8949958)

Crurated kündigt exklusive Verfügbarkeit von Weinen der Vintage Collection von Domaine Robert Groffier für private Käufer und Restaurants weltweit an

LONDON, Oct. 16, 2023 (GLOBE NEWSWIRE) — Crurated, die in London ansssige Wein–Community, die Weinliebhaber mit Weltklasse–Erzeugern in Verbindung bringt, gibt die Verfgbarkeit von Weinen der Vintage Collection von Domaine Robert Groffier bekannt. Die Kollektion wird ausschlielich an Mitglieder der Crurated–Community verkauft und ist weltweit fr private Kufer und Restaurants erhltlich. Die Familie Groffier gehrt zu den besten Winzern an der Cte de Nuits. Ursprnglich von Robert Groffiers Vater Jules in den 1950er Jahren gegrndet, wird die Domaine heute von Roberts Enkel Nicolas Groffier und seiner Frau Cline geleitet. Weitere Informationen ber Mitgliedschaft und Einkaufsmglichkeiten finden Sie unter www.crurated.com.

Groffier und Crurated arbeiten auch zusammen, um die einzigartige Groffier–Kollektion als Magnums und darber hinaus zu vertreiben. Die NFT–Technologie von Crurated und die Goldkapsel–Flaschenverschlsse von Domaine Groffier garantieren die Echtheit der Flaschen direkt vom Weingut.

Die Vintage Collection auf Crurated besteht aus den folgenden Losen:

  • Vertikale Auslese des Les Amoureuses (2016–2021), der als eines der besten Terroirs der Cte de Nuits gilt
  • Horizontale Auslese aus einigen der besten Terroirs Frankreichs aus dem Jahr 2009
  • Magnumflaschen und Flaschen aus dem Privatkeller von Groffier, die jedes Jahrzehnt seit 1970 reprsentieren
  • Ein fabelhaftes Vertikal von Chambertin Clos Magnum 1997–2008

Die Goldkapsel auf alten Weinflaschen steht fr die Herkunft.

Diese Gelegenheit bietet sich ab dem 16. Oktober 2023, und diese einmaligen Weine werden den Crurated–Mitgliedern im Privatverkauf angeboten.

"Das Angebot von Weinen aus unserer Jahrgangskollektion durch den Einsatz von NFTs und der Blockchain–Technologie ist ein einzigartiger und sehr neuartiger Weg, um die Herkunft zu gewhrleisten und sicherzustellen, dass die Weine direkt aus dem Keller kommen, in dem sie seit der Abfllung gereift sind", so Herr Groffier. "Wir versuchen immer, den besten und direktesten Weg zu finden, um unsere Weine zu den Verbrauchern und Gastronomen zu bringen, und unsere Partnerschaft mit Crurated lst dieses Versprechen ein."

"Herr Groffier nimmt Qualitt sehr ernst und hat sie auf ein noch nie dagewesenes Niveau gebracht, wobei er sich auf Innovation konzentriert und gleichzeitig den seit Generationen berlieferten Traditionen treu bleibt", so Alfonso de Gaetano, CEO und Grnder von Crurated. "Wir bauen weiterhin exklusive Partnerschaften mit Erzeugern auf, die die Vorteile, die wir unseren Mitgliedern bieten, noch weiter erhhen. Wir fhlen uns geehrt, dass wir diese Kollektion anbieten und mit Herrn Groffier und seinem Team zusammenarbeiten drfen."

Jede Flasche wird mit einem NFT geliefert. Das auf ewig in der Blockchain gespeicherte NFT belegt die Echtheit der Flasche und stellt weitere wichtige Einzelheiten bereit, wie die Herkunft, die Eigentmerhistorie, den Jahrgang, die Lage des Weinbergs, die Rebsorte und andere wichtige Details. Die NFTs sind einfach durch Tippen auf ein NFC– oder RFID–fhiges Telefon zugnglich. Die Historie der Flasche wird zudem durch einen neuen Blockchain–Eintrag aktualisiert, wenn der Wein weiterverkauft wird, und das Token geht von einem Kunden auf einen anderen ber.

ber Crurated
Crurated wurde 2021 gegrndet und ist die erste Blockchain–basierte Online–Wein–Community, die die Herkunft jeder verkauften Flasche mit einem NFT bescheinigt. Das Team hat es sich zur Aufgabe gemacht, seinen Mitgliedern die Mglichkeit zu geben, seltene Weine direkt vom Weingut zu kaufen, in dem sie hergestellt wurden. Labels wie Charles Lachaux, Domaine Arnoux–Lachaux und Robert Groffier haben exklusive Vertriebsvereinbarungen mit Crurated unterzeichnet, weitere werden folgen. Die Mitglieder knnen auch bei privaten Veranstaltungen mit Partnerwinzern und berhmten Kchen an atemberaubenden Orten auf der ganzen Welt in Kontakt treten. In Zukunft wird Crurated sein Produktangebot auf andere Luxussegmente und vom Metaverse angetriebene Technologien ausweiten. Weitere Informationen finden Sie unter www.crurated.com.

PR–Kontact
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

Fotos zu dieser Mitteilung finden Sie unter
https://www.globenewswire.com/NewsRoom/AttachmentNg/3890e653–f065–4dff–84b8–461bff2ad0cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/c93f7aa8–860e–42c4–95f7–eb4ee1c16355


GLOBENEWSWIRE (Distribution ID 8949958)

Crurated Anuncia Lançamento Exclusivo de Vinhos da Coleção Vintage do Domaine Robert Groffier para Compradores Particulares e Restaurantes de Todo o Mundo

LONDRES, Oct. 16, 2023 (GLOBE NEWSWIRE) — A Crurated, a associao de vinhos com sede em Londres, criada para conectar os conhecedores com os produtores de todo o mundo, anunciou hoje o lanamento de uma coleo de vinhos vintage do Domaine Robert Groffier. A coleo ser vendida exclusivamente para os membros da comunidade Crurated e estar disponvel em todo o mundo para compradores particulares e restaurantes. A famlia Groffier est entre os melhores enlogos da Cte de Nuits. Originalmente fundado pelo pai de Robert Groffier, Jules, na dcada de 1950, o Domaine agora administrado pelo neto de Robert, Nicolas Groffier e sua esposa, Cline. Para mais informao sobre a associao e as oportunidades de compras, visite www.crurated.com.

O Groffier e a Crurated tambm fizeram uma parceria para distribuio da Coleo Groffier exclusiva como Magnums e outras. A tecnologia NFT da Crurated e as tampas de ouro das garrafas do Domaine Groffier oferecem a melhor garantia de autenticidade das garrafas do Domaine.

A coleo vintage na Crurated consiste nos seguintes lotes:

  • Seleo Vertical de Les Amoureuses (2016–2021), considerado um dos melhores terroir da Cte de Nuits
  • Seleo Horizontal de alguns dos melhores terroirs da Frana a partir de 2009
  • Magnums e garrafas da adega privada Groffier representando todas as dcadas desde 1970
  • Uma fabulosa Vertical de Chambertin Clos Magnum 1997–2008

Tampas de Ouro das garrafas de vinho vintage garantindo a provenincia.

Esta oportunidade com incio a partir de 16 de outubro de 2023 de vinhos exclusivos ser oferecida para os associados da Crurated por meio de venda privada.

"A oferta de vinhos da nossa coleo vintage atravs do uso de NFTs com tecnologia blockchain uma maneira nica e inovadora de garantir a provenincia e que os vinhos vm diretamente da adega onde esto envelhecendo desde o engarrafamento", disse Nicolas. "Sempre tentamos encontrar a melhor e mais direta maneira de levar nossos vinhos aos consumidores e donos de restaurantes, e nossa parceria com a Crurated cumpre essa promessa."

"Nicolas leva a qualidade muito a srio e a levou a um nvel sem precedentes, concentrando–se na inovao, porm permanecendo fiel s tradies de geraes", disse Alfonso de Gaetano, CEO e Fundador da Crurated. "Continuamos a criar parcerias exclusivas com produtores que elevam ainda mais os benefcios que oferecemos aos nossos associados. Nos sentimos honrados de poder oferecer esta coleo e trabalhar com Nicolas e sua equipe."

Cada garrafa ter uma NFT. Registrada para sempre na blockchain, a NFT ir confirmar a autenticidade da garrafa e fornecer outros detalhes importantes como provenincia, histrico de propriedade, safra, localizao da vincola, varietal e outros detalhes importantes. As NFTs so facilmente acessveis tocando em um telefone habilitado para NFC ou RFID. O histrico da garrafa tambm atualizado por meio de uma nova blockchain sempre que o vinho revendido e o token transferido de um cliente para outro.

Sobre a Crurated
Fundada em 2021, a Crurated a primeira comunidade de vinhos online com base em blockchain que certifica com uma NFT a provenincia de cada garrafa vendida. A equipe se dedica curadoria de oportunidades para os associados comprarem vinhos raros diretamente da regio onde foram produzidos. Rtulos como Charles Lachaux, Domaine Arnoux–Lachaux e Robert Groffier assinaram acordos de distribuio exclusiva com a Crurated, com outras parcerias ainda por vir. Os associados tambm podem interagir com vinicultores parceiros em eventos privados, juntamente com chefs famosos, em locais deslumbrantes em todo o mundo. A Crurated ir expandir sua oferta de produtos para outros segmentos de luxo e tecnologia orientada para o metaverso. Para mais informao, visite www.crurated.com.

Contato de RP
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

Fotos deste comunicado disponveis em
https://www.globenewswire.com/NewsRoom/AttachmentNg/3890e653–f065–4dff–84b8–461bff2ad0cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/c93f7aa8–860e–42c4–95f7–eb4ee1c16355


GLOBENEWSWIRE (Distribution ID 8949958)

Official Statement: Saurabh Chandrakar Clarifies Misinformation Surrounding Wedding Expenses and Other Allegations

DELHI, India, Oct. 16, 2023 (GLOBE NEWSWIRE) — In light of recent media reports surrounding the Mahadev App case, Mr. Saurabh Chandrakar, an entrepreneur hailing from Bhilai, Chhattisgarh, finds it imperative to address the glaring misinformation and unfounded accusations that have surfaced. As a dedicated businessman with an unblemished record, Mr. Chandrakar has been taken aback by the baseless claims regarding his alleged involvement in illicit activities.

Contrary to sensationalized reports, Mr. Chandrakar vehemently asserts that the entire wedding ceremony, costing around AED 10 million, was entirely funded by his internal accruals and savings. Meticulous well–documented records substantiating the sources of his income are available. Circulating news suggesting a payment of INR 200 Crores in cash raise incredulity, and while Mr. Chandrakar questions the feasibility of such an enormous cash transaction, he emphasizes the lack of practicality of such claims.

Mr. Chandrakar refutes claims about the alleged extravagant expenses reported by certain sources. He specifically indicates that all financial aspects of the event were overseen by professional event managers, and no cash transactions were involved at any stage of the planning or execution; to insinuate otherwise is purely speculative and unfounded. Documents and financial records are available to substantiate these facts, providing clear evidence that dispels any notions of impropriety.

Furthermore, Mr. Chandrakar firmly believes that the mention of celebrities at the event was grossly exaggerated. He indicates that all those who attended the wedding were engaged by the event management company, which facilitated their attendance. Mr. Chandrakar is also keen to emphasize that all artists were hired by the company exclusively to attend and perform at the event. There were no direct financial transactions between Mr. Chandrakar and these celebrities, as all payments were processed in complete transparency through the event management company, via legal banking channels.

Mr. Chandrakar strongly asserts no association with the Mahadev App or its operations. Accusations depicting him as the “Founder/Promoter/Director” of the Mahadev App lack credibility and are unequivocally false. Additionally, claims about his involvement in 60 illicit offshore platforms are baseless and entirely unsubstantiated.

Mr. Chandrakar vehemently denies any suspicious connections with individuals or organisations that participate in unlawful activities. Any similar allegations are merely rumours, completely baseless, and nothing more than "a figment of imagination.' He strongly expresses astonishment at such allegations.

It is also imperative to clarify that there are no operations in Pakistan, Sri Lanka, or Nepal associated with Mr. Chandrakar. Such claims are entirely false and defamatory, lacking any shred of truth. Mr. Chandrakar has never travelled to these countries, and any claims of his alleged participation in illicit activities in these regions lack any foundation and completely slanderous.

Mr. Chandrakar earnestly urges media outlets to cease spreading unfounded rumours and sensationalized and exaggerated stories that not only tarnish his reputation but also erode public trust in responsible journalism.

Source: Newsbeatwire

Contacts:
Saurabh Chandrakar

Sourabh@empireone.ae

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/56d1e182–24c5–4c3c–8148–43e700c2dfb9


GLOBENEWSWIRE (Distribution ID 1000864407)

Nuvei and Esenda partner to launch online payments for education providers

MONTREAL and DUBAI, Oct. 16, 2023 (GLOBE NEWSWIRE) — Nuvei Corporation ("Nuvei" or the "Company") (Nasdaq: NVEI) (TSX: NVEI), and Esenda, a leader in school fee management in the independent school market, announce today that they have partnered to launch an online Tuition Fee Collection and Income Management Platform.

Integrating Nuvei's sophisticated payment technology with Esenda's comprehensive fee management platform offers education providers a groundbreaking solution that not only increases efficiency but also significantly enhances security.

Payments can be made online for tuition fees, corporate debentures, extra–curricular activities, and additional student–related fees. In addition to card payments, an education provider's single integration with Nuvei and Esenda enables it to offer every relevant global alternative payment method to its students and their families, no matter where they are located.

Nuvei's fully customizable, modular technology stack also includes additional services to optimize payments performance. These include superior risk management, enhanced reconciliation, customer authentication compliance tools, and payment orchestration with unified reporting and data visibility to maximize operational efficiency and enhance control.

Esenda's system enhances fee collection by integrating with a school's financial systems. It offers features such as real–time invoice tracking, automated reconciliation, reminders for late payments, and easy report generation, significantly improving fee management efficiency.

Nuvei Chair and CEO Philip Fayer commented on the announcement: "Consumer expectations have changed when it comes to the convenience of making payments online in all areas of their lives, and education providers cannot afford to fall behind. Enabling education providers to upgrade their student experience by making tuition and day–to–day payments simple and convenient is a great example of the role payments can play in building customer relationships in any sector."

Bertie Simpson, Esenda's CEO quoted: “Partnering with Nuvei transforms how schools manage payments, making it seamless and secure. Gone are the days of parents having to drive to schools and line up to pay tuition. Now, everything can be handled online, bringing convenience to schools and families.”

The partnership is already live with one of the largest educational providers in Dubai, enabling the school to accept global payments, including card payments from all major issuers in the region, online for the first time.

About Nuvei

Nuvei (Nasdaq: NVEI) (TSX: NVEI) is the Canadian fintech company accelerating the business of clients around the world. Nuvei's modular, flexible and scalable technology allows leading companies to accept next–gen payments, offer all payout options and benefit from card issuing, banking, risk and fraud management services. Connecting businesses to their customers in more than 200 markets, with local acquiring in 47+ markets, 150 currencies and more than 600 alternative payment methods, Nuvei provides the technology and insights for customers and partners to succeed locally and globally with one integration.

For more information, visit www.nuvei.com

NVEI–IR


GLOBENEWSWIRE (Distribution ID 8949820)

Cuentas to Introduce Proprietary Mobile Security Technology to the U.S. Market

MIAMI BEACH, Fla., Oct. 16, 2023 (GLOBE NEWSWIRE) — Cuentas, Inc. (Nasdaq: CUEN & CUENW) (“Cuentas”), developer of an alternative financial ecosystem to the underbanked, today signed a letter of intent to acquire control of WHEN Group (World Health Energy Holdings, Inc. "" OTC Pink: WHEN), pending Nasdaq and shareholder approval and other specified conditions, through a share exchange with WHEN's principal shareholder, leaving Cuentas uniquely debt–free and well positioned to grow its mobile and FinTech lines.

The WHEN Group was founded by Israeli engineers and international professionals with deep background in Cyber security and data threat remediation in both government and private sectors. From business and personal privacy to fin–tech security, WHEN has been developing solutions that utilize advanced pattern recognition and AI to create a security screening environment that can detect and defend against a range of threats and attacks on telecom, banking, and other communication infrastructure. Upon closing of the acquisition, Cuentas intends to begin integrating WHEN's portfolio of Cyber Security solutions into the Cuentas Mobile Platform as well as offering WHEN's advanced solutions to Cuentas' fintech partners.

This move comes on the heels of new global conflicts from Ukraine to Israel, conflicts which have increasingly brought to light the dangers that are threatening our global digital infrastructure systems. These threats extend beyond governments to families and individuals. According to a recent report by the Red Cross, "There is no escaping the life–changing and life–endangering impact that digital technologies are having on people affected by conflict." Digital threats such as surveillance, cyber–attacks, misuse of personal data, misinformation and disinformation are all–pervasive and these risks continue to evolve rapidly with new technologies such as generative artificial intelligence (AI) joining an ever–expanding list of digital dangers.1

1 https://blogs.icrc.org/inspired/2023/08/25/digital–dilemmas–immersive–experience–exposes–technology–threats/

Cuentas' Management has been working with WHEN to identify immediate opportunities to provide WHEN solutions not only to the CUENTAS mobile platform, but also to the businesses and industries that Cuentas serves in the U.S. and around the world. Additionally, the parties are planning on deploying WHEN's proprietary software to protect families concerned with external cyber threats at home, enabling the monitoring of a child and his environmental behavioral patterns that will alert parents to potential tragedies caused by cyberbullying, pedophiles, other predators, and depression / state of mind.

In consideration of the acquisition of the 75% stake in WHEN, Cuentas will issue to UCG, Inc. the principal shareholder of WHEN, such number of common shares of CUEN which will represent on the date of issuance 50% of Cuentas' issued and outstanding capital (on a fully diluted basis), in exchange for UCG's stake in WHEN. Subject to the terms of the agreement, WHEN Group management, including Major Gen. (Ret) Danny Yatom, a former Director of Israeli Mossad, and current President of WHEN, and Giora Rosensweig, CEO with major experience in cyber security and artificial intelligence, will be joining the Cuentas Board of Directors and Executive Management. While the companies will initially continue to operate independently, management from both teams believe the synergies between the companies can pave the way to even deeper relationships.

"I have known some of the players on the WHEN team for many years and have always believed that their solutions could become a standard in communications security for businesses and families," said Cuentas Co–Founder and CEO Arik Maimon. "The world needs what WHEN is developing now more than ever" and we are going to bring it to them!"

WHEN Group was incorporated as a joint venture between SG77 and RNA Ltd, which develop and improve cyber security and cyber monitoring solutions in the B2C and B2B marketplace. WHEN has recently moved into telecommunications platforms with its acquisition of CrossMobile, a licensed Telecom (full core mobile virtual network operator) in Poland, joining a small, rarified group of licensed telecom operators in the EU. Cuentas believes that this will provide a powerful proof of concept for the Company's planned launch of services into the US.

"We have been heads down focused on created a state–of–the–art technology platform that defends critical communications and financial infrastructure against attack and compromise," said Major Gen. (Ret.) Danny Yatom, President of WHEN and Former Director of Israeli Mossad. "The proposed transaction puts us on the world stage and will enable us to bring our innovations more rapidly to market."

WHEN's easy–to–use A.I. and machine learning driven platform is a holistic solution that integrates with any system and is fully customizable based on customer needs. Management believes their solutions address a broad segment of the fast–growing, multi–billion–dollar cyber security market.

"We needed to get our solutions in front of major players in the US and around the world," stated Giora Rosensweig, CEO of WHEN Group. "With Cuentas as partners, we see the opportunity to expand more rapidly across multiple markets and industries." https://whengroupinfo.com/

Both Cuentas and WHEN have taken a broad portfolio approach to their markets, and management teams are aligned on the notion of building extended platforms, focusing on new technologies that connect vertical markets. With this acquisition, Cuentas is extending its platform from connect, to protect.

"Increasingly, people address the digital world through their mobile devices, and in many countries, the mobile phone is the only way they connect," stated Michael De Prado, Co–founder and President of Cuentas. "We have seen what can happen when the digital world gets out of control, and we want to protect businesses and families who are increasingly at risk."

Earlier in the year, Cuentas made a move into the real estate tech market, with the launch of Cuentas Casa, and the announcements of development and tech partnerships for the next generation of building construction. WHEN management mirrors this approach with their recent acquisition of Polish Telco, CrossMobile. Further, a key investor and stakeholder in WHEN is real estate developer, George Baumoehl, an early investor in WHEN, a WHEN director and part of the group who are exchanging their equity interest in WHEN for the Cuentas shares.

"Technology is bringing the world closer together, and, now with AI, the opportunities to impact multiple markets efficiently have increased significantly," said Baumoehl. "I see the combination of WHEN tech and Cuentas access as pivotal, and I have communicated to management of both companies that I will continue to support their growth."

According to Grand View Research, the global cyber security market size was estimated at USD 202.72 billion in 2022 and is projected to grow at a compound annual growth rate (CAGR) of 12.3% from 2023 to 2030. The growing number of cyber–attacks owing to the proliferation of e–commerce platforms, the emergence of smart devices, and the deployment of the cloud are some of the key factors propelling the market growth. Increasing usage of devices equipped with the Internet of Things (IoT) and intelligent technologies is expected to increase the cases of cyber threats. As such, end–user organizations are anticipated to integrate advanced cyber security solutions to mitigate the cyber–attacks risk, supporting the market growth.2

2 https://www.grandviewresearch.com/industry–analysis/cyber–security–market

"With the world's virtually 100% dependency on communication and financial technology, the risk may be incalculable," continued Maimon. "With this announcement, we are now able to focus not just on connecting, but also on protecting the markets, business and families we reach."

Cuentas' Board of Directors has approved the transaction and the Companies expect to complete the transaction this year. The closing is contingent on several factors, including without limitation, the approval of Nasdaq and the shareholders of Cuentas approving the transaction.

About WHEN

World Health Energy Holdings, Inc. (d/b/a WHEN Group) is a holding company comprised of CrossMobile, SG 77, Inc./RNA Ltd, which develops and significantly improves existing cybersecurity solutions in the B2C and B2B marketplace. WHEN Group develops new systems by applying pattern recognition technology based on IOT / mobile / servers and computer activity, analyzing human and device behavior, relationships, and BPM (Business Process Management) to automatically identify and prevent potential danger to individuals and companies. The B2C Cybersecurity division targets families concerned with external cyber threats and exposures in addition to monitoring a child's behavioral patterns that may alert parents to potential tragedies caused by cyberbullying, pedophiles, other predators, and depression. The B2B Cybersecurity system software development and implementation company is focused on innovative solutions for the constantly evolving cyber challenges of businesses, non–governmental organizations (NGOs) and governmental entities. By deploying a highly experienced development team, RNA Ltd. anticipates both internal and external cyber threats, by identifying behavioral patterns that flag potential cyber compromises. Additional information is available at: https://www.whengroup.com/.

About Cuentas

Cuentas, Inc. (Nasdaq: CUEN & CUENW) is creating an alternative financial ecosystem for the growing global population who do not have access to traditional financial alternatives. The Company's proprietary technologies help to integrate FinTech (Financial Technology), e–finance and e–commerce services into solutions that deliver next generation digital financial services to the unbanked, under–banked and underserved populations nationally in the USA. The Cuentas Platform integrates Cuentas Mobile, the Company's Telecommunications solution, with its core financial services offerings to help entire communities enter the modern financial marketplace. Cuentas has launched its General Purpose Reloadable (GPR) Card, which includes a digital wallet, discounts for purchases at major physical and online retailers, rewards, and the ability to purchase digital content. In Q1 of 2023 Cuentas launched Cuentas Casa, an alternative housing development initiative that secured a 10–year supply agreement for a patented, sustainable building system that will provide the bridge between its technology solutions and the affordable housing market. Cuentas has made investments to date in affordable housing projects for over 450 apartments. LINK: https://cuentas.com AND https://cuentasmobile.com

Forward–Looking Statements
This news release contains “forward–looking statements,” as that term is defined in section 27a of the United States Securities Act of 1933, as amended, and section 21e of the United States Securities Exchange Act of 1934, as amended. These forward–looking statements involve substantial uncertainties and risks and are based upon our current expectations, estimates and projections and reflect our beliefs and assumptions based upon information available to us at the date of this release. We caution readers that forward–looking statements are predictions based on our current expectations about future events. These forward–looking statements are not guarantees of future performance and are subject to risks, uncertainties and assumptions that are difficult to predict. Our actual results, performance or achievements could differ materially from those expressed or implied by the forward–looking statements as a result of a number of factors, including, but not limited to, Nasdaq and shareholder approval of the proposed transaction, our ability to manage our research and development programs that are based on novel technologies, our ability to successfully integrate WHEN operations and product offerings, the sufficiency of working capital to realize our business plans and our ability to raise additional capital, market acceptance, the going concern qualification in our financial statements, our ability to retain key employees, our competitors developing better or cheaper alternatives to our products, risks relating to legal proceedings against us and the risks and uncertainties discussed under the heading “RISK FACTORS” in Item 1A of our Annual Report on Form 10–K for the fiscal year ended December 31, 2022, and in our other filings with the Securities and Exchange Commission. We undertake no obligation to revise or update any forward–looking statement for any reason.

Investor Relations

Cuentas, Inc.
800–611–3622
info@cuentas.com

SOURCE: Cuentas, Inc.


GLOBENEWSWIRE (Distribution ID 8949824)

Crurated Announces Exclusive Availability of Vintage Collection Wines from Domaine Robert Groffier for Both Private Buyers and Restaurants Globally

LONDON, Oct. 16, 2023 (GLOBE NEWSWIRE) — Crurated, the London–based membership wine community designed to connect connoisseurs with world–class producers, announces the availability of vintage collection wines from Domaine Robert Groffier. The collection will be sold exclusively to members of the Crurated community and will be available globally for private buyers and restaurants. The Groffier family are among the best winemakers in the Cte de Nuits. Originally founded by Robert Groffier's father, Jules in the 1950s, the Domaine is now run by Robert's grandson, Nicolas Groffier and his wife, Cline. For more information on membership and purchasing opportunities visit www.crurated.com.

Groffier and Crurated are also partnering to distribute the unique Groffier Collection as Magnums and beyond. The NFT technology from Crurated and gold capsule bottle toppers from Domaine Groffier offer the best insurance signifying authenticity for bottles directly from the Domaine.

The vintage collection on Crurated consists of the following lots:

  • Vertical selection of Les Amoureuses (2016–2021) which is considered among the finest terroir in Cte de Nuits
  • Horizontal selection from some of the finest terroirs in France from 2009
  • Magnums and bottles from the Groffier private cellar representing every decade since 1970
  • A fabulous Vertical of Chambertin Clos Magnum 1997–2008

The Gold Capsule on vintage bottles of wine signifies provenance.

This opportunity starts October 16, 2023, and these one–in–a–lifetime wines will be offered to Crurated members through private sale.

"Offering wines from our vintage collection through the use of NFTs and blockchain technology is a unique and very novel way to ensure provenance and that the wines are coming directly from the cellar where they have been aging since bottling," said Nicolas. "We always try to find the best and most direct way to get our wines to consumers and restaurateurs and our partnership with Crurated delivers on this promise."

"Nicolas takes quality very seriously and has taken it to an unprecedented level while focusing on innovation and also remaining loyal to the traditions passed down for generations," said Alfonso de Gaetano, CEO & Founder of Crurated. "We continue to create exclusive partnerships with producers that further elevate the benefits we offer to our members. We are honored to have the chance to offer this collection and work with Nicolas and his team."

Each bottle will be accompanied with an NFT. Recorded forever on the blockchain, the NFT will verify the authenticity of the bottle and provide other important details including provenance, ownership history, vintage, vineyard location, varietal, and other key details. The NFTs are easily accessible by tapping on an NFC or RFID enabled phone. The bottle history is also updated via a new blockchain recording anytime the wine is resold and the token moves from one client to another.

About Crurated
Founded in 2021, Crurated is the first blockchain–based, online wine community that certifies the provenance of every bottle it sells with an NFT. The team is passionate about curating opportunities for members to purchase rare wines directly from the domaine where they were produced. Labels including Charles Lachaux, Domaine Arnoux–Lachaux, and Robert Groffier have signed exclusive distribution deals with Crurated with more to come. Members can also interact with partner winemakers at private events, along with celebrated chefs, in stunning locations all over the globe. In the future, Crurated will be expanding its product offering into other luxury segments and metaverse–driven technology. For more information visit www.crurated.com.

PR Contact
Michael Volpatt
Michael@larkinvolpatt.com
415.994.8864

Photos accompanying this announcement are available at
https://www.globenewswire.com/NewsRoom/AttachmentNg/3890e653–f065–4dff–84b8–461bff2ad0cf
https://www.globenewswire.com/NewsRoom/AttachmentNg/c93f7aa8–860e–42c4–95f7–eb4ee1c16355


GLOBENEWSWIRE (Distribution ID 8949382)

Entera Bio Reports Rapid Pharmacodynamic (PD) Response and Consistent Pharmacokinetic (PK) Data for its First-in-Class Oral PTH(1-34) Mini Tablets at the ASBMR 2023 Annual Meeting

JERUSALEM, Oct. 16, 2023 (GLOBE NEWSWIRE) — Entera Bio Ltd. (NASDAQ: ENTX), ("Entera" or the "Company") a leader in the development of orally delivered peptides and therapeutic proteins, presented 2 posters at the Annual Society of Bone and Mineral Research (ASBMR) 2023 Annual Meeting held on October 13–16, 2023 in Vancouver, BC, Canada. Both posters will be available on the Company's website, www.enterabio.com.

"Entera's ability to consistently deliver our oral PTH(1–34) peptide in a simple mini tablet format with reproduceable, dose dependent pharmacokinetics and rapid biological responses irrespective of gender, age, and health status is testament to the robustness of our oral peptide platform. This work also builds the foundation for our oral PTH(1–34) tablets to potentially treat diverse patient populations including younger men and women athletes at risk of stress fractures," said Miranda Toledano, Chief Executive Officer of Entera.

The lead drug candidate of Entera's EBP05 formulation, EB613 is currently being developed as the first once–daily oral anabolic therapy for the treatment of osteoporosis. In a 6–month, 161–patient, placebo–controlled Phase 2 study, EB613 produced rapid dose–proportional changes in biochemical markers and increased Bone Mineral Density (BMD) in postmenopausal women with low BMD osteoporosis.

Abstract Title: First Oral PTH(1–34) Tablet Treatment for Osteoporosis Demonstrates Rapid Pharmacodynamic Effect on Plasma Levels of Endogenous PTH(1–84)

A Phase 1 study comparing oral EB613, subcutaneous (SC) hPTH(1–34) 20 g (Forteo ) and a new generation of Entera's oral peptide delivery platform is ongoing. One of the first objectives of this study is to rapidly evaluate the pharmacodynamic (PD) effects of Entera's oral PTH(1–34) tablets. This analysis relates to Entera's lead formulation. Additional data on new formulations will be released later in 2023.

An increase in plasma ionized calcium should result in decreased secretion and plasma concentrations of endogenous PTH(1–84). Thus, a reduction in plasma PTH(1–84) should provide an early indication of the systemic exposure and pharmacologic activity of Entera's oral PTH(1–34) tablets. In the study, the mean percentage of endogenous plasma PTH (1–84) 120 minutes after dosing was 59.2%, 54.3%, and 52.3% for EB613 1.5 mg, 2.5 mg and Forteo , respectively; and showed consistent effects across other early PD markers such as serum calcium, phosphorus, and 1,25–dihydroxyvitamin D.

"EB613 oral tablets (1.5 mg and 2.5 mg doses) rapidly decreased plasma concentrations of PTH(1–84) in all subjects, in a dose proportional manner. The results provide early proof of the systemic exposure and pharmacological activity to Entera's orally administered PTH(1–34) tablets. The ability to rapidly evaluate PD effects as early markers of therapeutic response is crucial to assessing a drug's activity in osteoporosis patients and potentially optimize their management. In contrast, response with conventional PD markers of bone metabolism may take several months. Thus, we plan to continue to measure PTH(1–84) responses in further clinical development of EB613," said Art Santora, MD, Entera's Chief Medical Officer.

Abstract Title: Pharmacokinetic (PK) Profile of EBP05/EB613 Oral Teriparatide Tablets in Women of Post Menopausal Age Versus Young Adult Men.

This retrospective analysis compares the pharmacokinetic profile of EBP05 in healthy young males versus female patients of menopausal age with hypoparathyroidism.

A single administration of the same dose, 2.25 mg oral PTH (1–34), in healthy young men (22 years, range 21–26) and women of postmenopausal age (62 years, range 49 –63) resulted in a median Cmax of 425 pg/ml vs 521 pg/ml, and a median AUC of 157 pg*hour/ml vs 158 pg*hour/ml respectively.

"The data showed a consistent PK profile following administration of oral EBP05 tablets in both young men and women of menopausal age. These similar profiles indicate that similar doses of our oral PTH tablets may be used across these different populations," said Gregory Burshtein PhD, Entera's Head of Research and Development.

About Entera Bio

Entera focuses on significant unmet medical needs where an oral form of a peptide treatment or protein replacement therapy holds the potential to transform the standard of care. The Company's oral PTH*(1–34) teriparatide mini tablets have been administered to a total of 240 subjects (153 patients) across Phase 1 and Phase 2 studies, with demonstrated bioavailability and clinical benefit across two distinct diseases. The Company's most advanced product candidate, EB613 (oral synthetic hPTH (1–34)), is being developed as the first oral, osteoanabolic (bone building) once–daily tablet treatment for post–menopausal women with low BMD and high–risk osteoporosis, with no prior fracture. A placebo controlled, dose ranging Phase 2 study of EB613 tablets (n= 161) met primary (PD/bone turnover biomarker) and secondary endpoints (BMD). Entera is preparing to initiate a Phase 3 registrational study for EB613. EB612 is being developed as the first tablet peptide replacement therapy for the treatment of hypoparathyroidism. The Company is currently conducting a phase 1 PK study of novel PTH formulations using its proprietary, next generation oral delivery platform with data expected in the second half of 2023. Entera is also developing oral GLP–2 program as an injection–free alternative for patients suffering from short bowel syndrome and other severe intestinal and malabsorption metabolic conditions and oral Oxyntomodulin (GLP1/glucacon) for obesity in collaboration with OPKO Health. For more information on Entera Bio, visit www.enterabio.com

Cautionary Statement Regarding Forward Looking Statements

Various statements in this press release are "forward–looking statements" within the meaning of the Private Securities Litigation Reform Act of 1995. All statements (other than statements of historical facts) in this press release regarding our prospects, plans, financial position, business strategy and expected financial and operational results may constitute forward–looking statements. Words such as, but not limited to, "anticipate," "believe," "can," "could," "expect," "estimate," "design," "goal," "intend," "may," "might," "objective," "plan," "predict," "project," "target," "likely," "should," "will," and "would," or the negative of these terms and similar expressions or words, identify forward–looking statements. Forward–looking statements are based upon current expectations that involve risks, changes in circumstances, assumptions and uncertainties. Forward–looking statements should not be read as a guarantee of future performance or results and may not be accurate indications of when such performance or results will be achieved.

Important factors that could cause actual results to differ materially from those reflected in Entera's forward–looking statements include, among others: changes in the interpretation of clinical data; results of our clinical trials; the FDA's interpretation and review of our results from and analysis of our clinical trials; unexpected changes in our ongoing and planned preclinical development and clinical trials, the timing of and our ability to make regulatory filings and obtain and maintain regulatory approvals for our product candidates; the potential disruption and delay of manufacturing supply chains; loss of available workforce resources, either by Entera or its collaboration and laboratory partners; impacts to research and development or clinical activities that Entera may be contractually obligated to provide; overall regulatory timelines; the size and growth of the potential markets for our product candidates; the scope, progress and costs of developing Entera's product candidates; Entera's reliance on third parties to conduct its clinical trials; Entera's expectations regarding licensing, business transactions and strategic collaborations; Entera's operation as a development stage company with limited operating history; Entera's ability to continue as a going concern absent access to sources of liquidity; Entera's ability to obtain and maintain regulatory approval for any of its product candidates; Entera's ability to comply with Nasdaq's minimum listing standards and other matters related to compliance with the requirements of being a public company in the United States; Entera's intellectual property position and its ability to protect its intellectual property; and other factors that are described in the "Cautionary Statements Regarding Forward–Looking Statements," "Risk Factors" and "Management's Discussion and Analysis of Financial Condition and Results of Operations" sections of Entera's most recent Annual Report on Form 10–K filed with the SEC, as well as the company's subsequently filed Quarterly Reports on Form 10–Q and Current Reports on Form 8–K. There can be no assurance that the actual results or developments anticipated by Entera will be realized or, even if substantially realized, that they will have the expected consequences to, or effects on, Entera. Therefore, no assurance can be given that the outcomes stated or implied in such forward–looking statements and estimates will be achieved. Entera cautions investors not to rely on the forward–looking statements Entera makes in this press release. The information in this press release is provided only as of the date of this press release, and Entera undertakes no obligation to update or revise publicly any forward–looking statements, whether as a result of new information, future events or otherwise, except to the extent required by law.


GLOBENEWSWIRE (Distribution ID 8949578)