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SCALIAN strengthens its avionics and unmanned offers with the acquisition of Mannarino Systems & Software

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PARIS, June 21, 2024 /CNW/ – SCALIAN today announced that it has acquired the Canadian company Mannarino Systems & Software Inc. (MANNARINO), which specializes in avionics for electric aircraft and drones, and more globally in certified systems for the aerospace sector. The acquisition is in line with the Group’s strategy to expand internationally and focus on safety-critical systems and software engineering.

MANNARINO’s engineering team is dedicated to the development of safety-critical systems, with deep expertise in hardware and software designs for a wide range of aeronautic products, including those focused on next-generation electric aircraft and drones. Through its Transport Canada Design Approval Organization (DAO), MANNARINO also supports product certification for both airborne software and electronic hardware, assisting in the acceleration of development cycles.

Customers’ time to market is further reduced with MANNARINO’s high-performing, ARINC 653 compliant Real-Time Operating System; the M-RTOS. The certification of M-RTOS is nearing completion with a major European airframer.

A comprehensive solution addressing the challenge of sustainable mobility

Together with MANNARINO, SCALIAN will offer unparalleled avionics capabilities to its customers with coverage of the whole scope of avionics engineering from basic design and architecture to certification and maintenance, in both Europe and North America. Additionally, MANNARINO is highly involved in the Advanced Air Mobility (AAM) market working with numerous clients to develop next-generation electric aircraft and drones. This expertise will allow SCALIAN to support the evolution of sustainable aeronautics over the next decade.

MANNARINO’s President John Mannarino said, “MANNARINO is excited to embrace a new chapter by joining SCALIAN Group. By building on the core competencies and excellent customer relationships of both companies, MANNARINO will offer its customers unrivalled added value and points of differentiation from competitors’ offerings. MANNARINO will continue to expand its engineering service solutions to meet the ever-increasing demand from industry and its customers for cutting-edge, agile and cost-effective solutions. We will take M-RTOS to new levels of technical innovation surpassing current market leaders and will continue to be the go-to service provider for both first-time applicants and customers developing next-generation products by continuing to grow our DAO in ways not yet imagined by the industry. As we enter this new phase, I want to thank the SCALIAN and WENDEL leadership for their vision. I also want to thank the MANNARINO staff for their dedication, expertise and teamwork, and, as always, I want to thank our customers for their trust. We will continue to deliver for all our stakeholders with continued high quality and respect for all.”

SCALIAN’s CEO Yvan Chabanne added, “The acquisition of MANNARINO is the first step of our 2028 goal to enhance our position in North America and in our System & Software Engineering practice. This partnership directly addresses the acceleration of customer needs in complex and safety-critical embedded technologies. MANNARINO is very well-recognized for its know-how in the iconic field of eVTOLs, with the ability to deploy certifiable code through its DAO accreditation, supplemented by its very innovative home-made solution for onboard operating systems. I am convinced that revenue synergies to be achieved will enable SCALIAN to significantly expand its offering by integrating high-performance systems, including AI, in the next generation of products to the benefit of our customers. Sharing the same values with the MANNARINO team, which is led by founder John MANNARINO, was a key element in bringing our businesses together. With a common vision, we share the ambition to succeed for our employees and our customers. We welcome the fantastic MANNARINO team on board!”

SCALIAN advisors:

Legal – DD et transactionnel:Fasken: Carl Bélanger, Alexie Amyotte, Émilie Clairoux, Kim LedouxAugust Debouzy: Rodrigue TchoualeFinance:Accuracy: Guillaume Roux, Eva Marichez, Hans HasenohrTax:Andersen: Patrick Coutu, Omar Yassine, Myriam ValléeStructure:Cazals Manzo: Morgan Anfray, Xavier Colard, Bertrand de Saint QuentinAndersen: Patrick Coutu, Omar Yassine, Myriam ValléeManagement consulting:Fides: Franck Vacher, Maxime Aps, Carla Llona

MANNARINO advisors:

Legal:Davies Ward Phillips & Vineberg LLP: Philippe Johnson, Elliot Greenstone, Jordan Altman, Ryan Brun, Jordana Khouah, Marie-Emmanuelle Vaillancourt, Hélène Bussières, Mark-Anthony NakisBredin Prat: Christine LenisFinancial Advisor:Ernst & Young Orenda Corporate Finance Inc.: Francois Tellier, Sid Nair, Yuwei Pan, Ryan MarinelliTax and Accounting:RICHTER LLP: Earl Forman, Dominique Loiseau, Ian Weinstein, Adam Caplan

About SCALIAN:
Founded in 1989, SCALIAN (revenue of €550 million euros) is specialized in engineering, the development of complex digital systems, industrial project management including supply chain management, business applications, cybersecurity and AI. The company is currently expanding internationally and stands out for the synergies it brings to bear on consulting, OT and IT services for major high-stakes industrial programs, with offerings and solutions supported by an in-house innovation approach (analytics, simulation, AI, drones, etc.). SCALIAN is involved in 13 countries for Aerospace, Defense, Automotive, Naval, Railways, Energy, Healthcare, Retail, Banking and Public sectors.
« Humans & Technology to scale up sustainable performance”.
www.scalian.com

About MANNARINO:
MANNARINO has over two decades of internationally recognized expertise in aerospace engineering including the development, validation and verification of safety-critical systems, certifiable software and electronic hardware. It is also an accredited Transport Canada DAO (Design Approval Organization). The company also provides a commercial-off-the-shelf (COTS) affordable, safe, and flexible real-time operating system (RTOS) solution, the M-RTOS. MANNARINO is the only COTS RTOS provider with certification delegation.
“Leading Safety-Critical Systems Engineering Company”
www.mss.ca 

SCALIAN Press contact –
Agence LA SUITE AND CO,
Omar Tazi: omar.tazi@lasuiteandco.com – 06 35 36 74 80,
Perrine Soymié, perrine.soymie@lasuiteandco.com, 06 45 33 72 18;

MANNARINO Press contact:
Mario Iacobelli, mario.iacobelli@mss.ca, 001 514 793 1354;
Jim Palmer, jim.palmer@mss.ca, 001 514 466 5031

SOURCE Mannarino Systems & Software Inc

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GrayMatters Health Expands Mental Health Solutions Portfolio with Launch of Prism™ Suite

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Innovative Prism™ Platform Now Includes Protocol for Patients with Depression 

NEW YORK, May 15, 2025 /PRNewswire/ — GrayMatters Health (GMH), the pioneers in mental health treatment through digital brain biomarkers, today announced the launch of Prism™ Suite, a comprehensive, next-generation portfolio of solutions designed to empower providers and enhance patient outcomes. Building on the success of the FDA cleared Prism™ for PTSD, the newly expanded suite now includes a Depression protocol, further broadening GMH’s impact on the mental health landscape.

Powered by the world’s first fMRI-informed digital biomarkers, Prism™ is reshaping how providers guide patients on their mental health journey. The latest innovation within the portfolio is a Depression protocol that guides patients to learn to regulate brain activity associated with their depression using a reward-system biomarker.

“It is exciting to see novel interventions that use fMRI-Informed biomarkers to connect to brain systems,” commented Linda Carpenter, MD, Professor of Psychiatry and Human Behavior at Brown University and Director of the Neuromodulation Research Facility at Butler Hospital. “We anticipate that Prism targeting the reward-system biomarker will provide a personalized and effective care option for patients living with depression syndromes characterized by anhedonia.”

In interactive sessions, patients explore mental strategies to increase the level of the reward-system biomarker and get the animated character in the simulation to go out and do an activity. The results of the Depression pilot study, published in Brain Sciences, demonstrated reduction in depressive symptoms in 78% of participants (HDRS) with a large effect size on anhedonia symptoms (SHAPS-C).

“With the addition of the Depression protocol, we’re opening the door for even more patients to benefit from a personalized experience that can become a skill for daily life,” said Oded Kraft, CEO and co-founder of GrayMatters Health. “By harnessing the power of the brain, we’re giving mental healthcare providers tools to guide their patients to meaningful, measurable progress.”

To complement the patient experience, Prism™ Suite also features a robust set of features for providers to monitor patient progress and provide insights as to the patient experience to improve engagement. The Insights tool delivers data-driven analysis of each patient’s performance as well as suggested topics for discussion to guide their Prism experience.

GMH’s revolutionary technology is built on its proprietary EEG-fMRI-Pattern (EFP) digital biomarkers, developed using advanced machine learning to map high-resolution fMRI data from deep brain regions onto EEG signals. The company’s award-winning, FDA-cleared treatment for PTSD is helping patients learn to self-regulate brain activity associated with PTSD using an amygdala-based biomarker at clinics in California, Connecticut, Florida, Georgia, Illinois, Massachusetts, New York, North Dakota, Pennsylvania, Rhode Island, Texas and Washington.

To learn more about Prism™, visit https://www.graymatters-health.com/.

About GrayMatters Health
GrayMatters Health (GMH)  is a mental health technology company developing and marketing an interventional psychiatry suite of solutions powered by digital fMRI-Informed biomarkers. Prism™ self-neuromodulation empowers patients to develop personal mental strategies to regulate brain activity associated with their disorder in the clinic and in their daily lives.

The company is collaborating with leading mental health institutions to research and evaluate Prism for additional psychiatric disorders. GMH’s core patented technology has been extensively researched and featured across peer-reviewed publications, led by Professor Talma Hendler, MD, PhD and her team at Tel Aviv University.

Learn more by visiting our website https://graymatters-health.com and following us on LinkedIn.

Media Contact:
5W Public Relations
GrayMatters@5wpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/graymatters-health-expands-mental-health-solutions-portfolio-with-launch-of-prism-suite-302456552.html

SOURCE GrayMatters Health

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JX Luxventure Group Soars with 57% Revenue Surge and Sustained Profitability in FY 2024 Results

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HAIKOU, China, May 15, 2025 /PRNewswire/ — JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as  providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products, today announced financial results for the fiscal year ended December 31, 2024. 

Financial Highlights for the full year ended December 31, 2024:

Revenue: The Company reported revenue of $49,840,288, an increase of $17,999,700 from $31,840,588 in 2023, representing a significant year-over-year growth of 57%.

Profit: Gross profit reached $8,352,316, up $2,895,947 from $5,456,369 in 2023, reflecting a robust year-over-year increase of 53%. Net profit was $3,073,807, a modest increase of $30,028 from $3,043,779 in 2023, marking a year-over-year growth of 1%.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “Our 2024 financial results demonstrate the strength and foresight of our three-year turnaround strategy, launched in 2020. This year’s strong performance, driven by significant revenue and gross profit growth, highlights our team’s dedication to operational excellence and strategic market expansion. Achieving a net profit of $3.07 million reflects our ability to sustain profitability while navigating the dynamic wholesale trade and tourism sectors with financial discipline.

Looking ahead, we are poised to capitalize on this momentum, continuing to innovate and expand our global presence. Our team is committed to delivering transformative growth while maintaining profitability, and we are confident in our strategy to drive long-term value for our stakeholders in the years to come.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/jx-luxventure-group-soars-with-57-revenue-surge-and-sustained-profitability-in-fy-2024-results-302455234.html

SOURCE JX Luxventure Group INC.

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MicroTech Secures Major Contract with Government Printing Office to Provide On-Site Federal Print Managed Services

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RESTON, Va., May 15, 2025 /PRNewswire/ — MicroTech, a leading provider of innovative IT solutions, proudly announces its latest achievement: a contract award from the Government Printing Office (GPO) under the esteemed D951-M program. This win authorizes MicroTech to deliver comprehensive managed print services, including printing, scanning, document conversion, mail equipment, fax server solutions, fleet management, and managed print services, to federal agencies both within the Continental United States (CONUS) and Outside the Continental United States (OCONUS).

A Monumental Milestone: Over 200 Task Orders and $400 Million in Awards
This contract expands MicroTech’s federal sector presence and builds on a legacy of success with the 951-M program. With over 200 task orders issued for services such as equipment supply, digitization, personnel management, and maintenance, MicroTech has become a trusted provider for federal agencies. Each task order typically exceeds $2 million, with the program’s cumulative value estimated at over $400 million, a figure that continues to grow.

Proven Federal Excellence
Since 2003, MicroTech has earned a reputation for delivering cost-effective, scalable solutions to both civilian and defense agencies. From print document services to IT asset management and enterprise mail systems, MicroTech consistently meets the unique needs of federal clients. Leveraging a strong network of partners, the company utilizes both leased and procured equipment to maximize efficiency and ensure top-tier service delivery.

The 951-M Program: A Federal Cornerstone
Now in its 19th year, the 951-M Umbrella Contract averages 20 task orders annually, each valued at over $2 million. It remains a vital resource for federal operational efficiency and cost-effectiveness. As the program evolves, MicroTech remains committed to providing innovative, reliable solutions that support the US Government’s mission.

“We are honored to support the mission-critical operations of our federal partners through this significant contract award,” said Tony Jimenez, President & CEO of MicroTech. “This reflects our ongoing commitment to excellence, innovation, and service reliability in managed print services across the public sector.”

About MicroTech
Founded in 2004, MicroTech is a Service-Disabled Veteran-Owned Small Business (SDVOSB) and Minority Business Enterprise (MBE) certified by the SBA and NMSDC. Recognized as a top Hispanic business and award-winning IT Managed Service Provider, MicroTech delivers solutions in Cyber Security, Cloud Computing, Infrastructure Services, Professional Engineering, Network Integration, Leasing/Financial Services, and Unified Communications. The company holds key certifications, including ISO 9001, 20000, 27001, 20243, CMMI Level 3 (Services & Development), and CMMC Level 2, as verified by a Certified Third-Party Assessment Organization (C3PAO), ensuring excellence in IT and advanced technology solutions.

Contact:
Jennifer Berman
jberman@microtech.net 

View original content:https://www.prnewswire.com/news-releases/microtech-secures-major-contract-with-government-printing-office-to-provide-on-site-federal-print-managed-services-302456669.html

SOURCE MicroTech

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