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U Power Expands Global Footprint with Strategic Move into Thai Market

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SHANGHAI, July 3, 2024 /PRNewswire/ — U Power Limited (Nasdaq: UCAR) (the “Company” or “U Power”), a vehicle sourcing services provider with a vision to becoming a comprehensive electric EV battery power solution provider in China, today announced that it had signed a Memorandum of Understanding (“MoU”) with Pattaya AI Terminal Co., Ltd. (“Pattaya AI”) to jointly drive the strategic development of green logistics and electric vehicle (“EV”) infrastructure in Thailand.

Combining Pattaya AI’s advantages in logistical solutions with U Power’s proprietary battery-swapping technology, the joint venture will provide electrified solutions for Thailand’s commercial logistics and dedicated passenger transportation markets. U Power will also leverage its expertise to provide commercial EVs compatible with its UOTTA technology and deploy battery swapping and charging stations for commercial EVs in key cities and logistics nodes across Thailand, enhancing logistics chain efficiency. Furthermore, the Parties intend to jointly develop automatic and semi-automatic charging stations compatible with U Power’s vehicles and tailored to the specific needs of the Thai market. During the initial phase of the partnership, U Power will introduce battery swapping technology and compatible EVs. As the partnership matures, U Power intends to locally manufacture battery-swapping commercial vehicles in Thailand. These vehicles will include pickup trucks and light-duty vans for dedicated transportation routes.  

Jia Li, Chairman and CEO of U Power, commented, “We are proud to enter into a strategic partnership with Pattaya AI. This collaboration leverages our expertise in EV battery solutions and Pattaya AI’s capabilities and resources to address emerging opportunities in Thailand’s evolving EV market. By partnering with Pattaya AI, we aim to revolutionize green logistics, enhance Thailand’s electric vehicle infrastructure, and build a solid foundation upon which we can pursue future innovations and deliver sustainable shareholder value.”

About U Power Limited

U Power Limited is a vehicle sourcing services provider, with a vision to becoming an EV market player primarily focused on its proprietary battery-swapping technology, or UOTTA technology, which is an intelligent modular battery-swapping technology designed to provide a comprehensive battery power solution for EVs. Since its operation in 2013, the Company has established a vehicle sourcing network in China’s lower-tier cities. The Company has developed two types of battery-swapping stations for compatible EVs and is operating one manufacturing factory in Zibo City, Shandong Province, China. For more information, please visit the Company’s website: http://ir.upincar.com/.

About Pattaya AI Terminal Co., Ltd.

Pattaya AI, a subsidiary of Pattaya Group, specializes in airport solutions. It provides innovative services using modern information technology to enhance airport development and efficiency. Pattaya AI’s current operations at U-Tapao International Airport in Thailand include the implementation of a Common Use Passenger Processing System (CUPPS) and IPax NG (Local Departure Control System: LDCS). These systems facilitate efficient passenger processing, improve safety, and support domestic and international airlines operating at the airport.

Safe Harbor Statements 

This press release may contain “forward-looking statements”. Forward-looking statements reflect our current view about future events. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “could,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “is/are likely to,” “propose,” “potential,” “continue” or similar expressions. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the U.S. Securities and Exchange Commission.

Contacts

U Power Limited
Investor Relations Department
Email: ir@upincar.com

Robin Yang, Partner
ICR, LLC
Email: UPower.IR@icrinc.com
Phone: +1 (212) 475-0415

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Deerfield Management Welcomes Mark Michalski, M.D., as Chief Information Officer

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Michalski will lead Deerfield’s efforts to advance healthcare via excellence in software and artificial intelligence

NEW YORK, April 22, 2025 /PRNewswire/ — Deerfield Management is pleased to welcome Mark Michalski, M.D., as Chief Information Officer.

Dr. Michalski brings over two decades of experience in healthcare, technology, and executive leadership to Deerfield. A pioneer in the use of artificial intelligence for healthcare and a board-certified radiologist, he currently serves as Chief Executive Officer of Ascertain, a New York City-based technology company specializing in AI-driven solutions for healthcare enterprises.

Ascertain’s AI platform supports critical workflows in revenue cycle management, pharmacy, case management, and care transitions, enabling healthcare organizations to improve efficiency and outcomes. Deerfield led Ascertain’s Series A investment round and will house the company at the firm’s New York City headquarters, Cure.

Previously, Dr. Michalski led strategic business development for Amazon’s healthcare and life sciences business units. He also served as Founding Executive Director of Mass General Brigham AI (formerly the Center for Clinical Data Science), where he spearheaded groundbreaking AI applications in clinical medicine. Earlier in his career, he held leadership roles at Butterfly Network and Hyperfine Research, both innovative diagnostic imaging and AI companies that successfully exited.

“We’re at a turning point in healthcare where data, technology, and investment intersect to create profound opportunities for transformation,” commented Dr. Michalski. “At Deerfield, we have the chance to not just anticipate the future but to craft it—accelerating innovation and ultimately delivering better care for patients. I’m thrilled to be part of this mission and to help lead the charge in making these possibilities a reality.”

“Software is changing our ability to understand data, drive organizational efficiency, and, within healthcare, improve patient care,” said James Flynn, Deerfield’s Managing Partner. “Under Mark’s leadership, Deerfield will continue to expand its ability to launch new software-enabled products and services and support best-in-class capabilities for portfolio companies.”

About Deerfield Management
Deerfield is an investment management firm committed to advancing healthcare through investment, information, and philanthropy. The Firm works across the healthcare ecosystem to connect people, capital, ideas, and technology in bold, collaborative, and inclusive ways. For more information, please visit www.deerfield.com.

Contact
Jessica Sagers, PhD, Head of Communications
jsagers@deerfield.com

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SOURCE Deerfield Management Company, L.P.

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Crowdpac Announces Bart Myers as CEO and a New Advisory Board to Leverage a Successful $4M Funding Round

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WASHINGTON, April 22, 2025 /PRNewswire/ — Crowdpac, the original platform for political engagement and small-dollar fundraising, announced a new leadership team led by CEO Bart Myers, supported by a highly-regarded Advisory Board. Crowdpac also announced a successful $4 million funding round led by Chris Tavlarides, Crowdpac’s Chairman, who was joined by a syndicate of mission-aligned investors. Crowdpac will use this new capital to expand the company’s digital campaign platform and as it prepares for a major relaunch in the second half of 2025.

Tech pioneer Bart Myers was formerly CEO of Countable and Causes and brings deep experience in political engagement, digital platforms, and civic innovation. His selection signals a new chapter for Crowdpac, one rooted in building modern, scalable infrastructure for campaigns, organizations, and supporters.

“Our country needs a trusted platform to bring Americans together and strengthen our democracy,” said Myers. “As one of the first and the leading platform of its kind, Crowdpac has a strong foundation upon which to build upon so we can meet this moment—and what’s coming next.”

As it moves into its next phase, Crowdpac also announced the creation of a new Advisory Board, featuring leaders across politics, media, and civic innovation:

Athan Stephanopoulos is the former President of NowThis and former Chief Digital Officer of CNN, having led some of the most influential digital media brands of the last decade. A longtime innovator in digital storytelling, he brings deep expertise in content strategy, audience growth, and media innovation.Svante Myrick is the President of People for the American Way and the former mayor of Ithaca, New York, where he became the youngest mayor in the city’s history. A nationally recognized civic leader, Myrick brings invaluable insight into grassroots organizing, youth engagement, and movement-building across the country.Winston Lord is a seasoned strategist with a background in technology, communications, and civic engagement. He architected the return of World Series-winning Major League Baseball team The Nationals to Washington, D.C., building coalitions across public and private sectors. As Co-Founder and Chief Evangelist of Venga, he gave restaurants the power to harness data and guest intelligence to drive growth and loyalty.

Jaime Peters, Crowdpac’s Head of Campaigns, will continue to lead engagement with candidates and causes, helping grassroots campaigns raise money, build lists, and connect with voters who matter most.

Tavlarides commented, “Crowdpac brings a unique legacy—bridging the worlds of DC and Silicon Valley—as one of the country’s leading platforms for advocacy and political fundraising. Now with Bart’s and our advisory board’s leadership, we are bringing it back stronger than ever. The timing could not be more urgent. Stay tuned: big, exciting changes are coming this spring. I could not be more excited about the future of this organization.”

About Crowdpac

Crowdpac is a platform built to power people-first political movements. Crowdpac was originally founded by Gisel Kordestani and Steve Hilton, with Reid Hoffman and Conway Ventures as early investors. By combining technology, fundraising tools, and authentic storytelling, Crowdpac enables everyday Americans to support candidates and causes that reflect their values.

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SOURCE Crowdpac

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ViewSonic Launches Its 27″ ColorPro 5K Mac-Compatible Monitor Globally

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Exceptional 5K Clarity, Color Accuracy, and Thunderbolt 4 for Maximized Productivity

BREA, Calif., April 23, 2025 /PRNewswire/ — ViewSonic Corp, a leading global provider of visual solutions, announces the worldwide availability of 27-inch flagship ColorPro VP2788-5K, an iF Design Award-winning monitor designed for seamless integration with both Mac and PC ecosystems. Featuring 5K UHD+ resolution, industry-leading color accuracy, and Thunderbolt 4 connectivity for daisy chaining of dual 5K monitors, it is an ideal solution for designers, photographers, and videographers to boost productivity and streamline workflows.

 

“The VP2788-5K combines ViewSonic’s ColorPro color accuracy with advanced functionalities to optimize productivity in creative sectors,” said Oscar Lin, General Manager of the Monitor Business Unit at ViewSonic. “This monitor offers top-tier color fidelity and clarity, along with easy multi-display setups, establishing a new benchmark for professional displays both within the ViewSonic community and beyond.”

Optimized Visual Performance for Creatives
Designed for an optimal experience with Mac devices, the 27-inch VP2788-5K monitor delivers 5K UHD+ resolution with 218 PPI for Retina-level clarity. Its resolution expands the onscreen workspace by 77% compared to a 4K monitor, ensuring crisp text, well-spaced interface elements, and effortless multi-window workflows. This allows creators to work more efficiently across multiple applications on a single display. 

For industry-leading color fidelity, the VP2788-5K boasts 99% DCI-P3 gamut coverage and Delta E<2 precision, ensuring true-to-life colors for creative tasks. It offers both self- and hardware-calibration for consistent color output with support for HDR 400 to enhance depth and contrast. Additionally, the Anti-Glare Low Reflection (AGLR) coating minimizes glare, optimizing visibility in bright environments—ideal for professionals needing precision details.

Enhanced Productivity & Versatile Connectivity
The VP2788-5K maximizes efficiency with dual Thunderbolt 4 ports for daisy-chained dual 5K display setups, high-speed 40Gbps data transfers, and up to 100W of power delivery for fast charging of laptops, smartphones, and tablets. It also includes HDMI and DisplayPort options for seamless connectivity with a wide range of devices.

Additionally, the monitor’s integrated USB hub features a USB-C upstream port, two USB-A ports, and a powered USB-C downstream port, making it easy to connect peripheral devices. Its ergonomic stand offers height, tilt, swivel, and pivot adjustments, allowing users to customize their setup for optimal comfort and focus during extended work sessions.

Certified Design for Environmental Responsibility
The ColorPro VP2788-5K is also an eco-friendly option for creative professionals while maintaining high-performance standards. It has received EPEAT Silver and ENERGY STAR certifications, showcasing its adherence to strict energy efficiency and environmental standards. Furthermore, its green packaging is certified by the Forest Stewardship Council (FSC), which helps reduce environmental impact by using responsible materials.

Availability
The ColorPro VP2788-5K is now available in North America and will extend to Asia starting in May 2025, followed by Europe in early June 2025. To learn more about how the VP2788-5K enhances professional workflows, please visit the product page and video or contact your local sales representative or distributor.

ColorPro VP2788-5K Monitor

27-inch display with native 5K (5120×2880) resolution99% DCI-P3 color gamut and factory-calibrated color accuracy for true-to-life visuals60Hz refresh rate, overclockable to 75HzComprehensive connectivity with Thunderbolt 4 (100W power delivery), HDMI 2.1, USB-C, USB-A, and DisplayPort.Daisy-chaining support for dual 5K monitor setupsErgonomic stand with height, tilt, and swivel adjustments for flexible positioning

About ViewSonic
Founded in 1987 in California, ViewSonic is a leading global visual solutions provider with a presence in over 100 countries. The company leverages over 35 years of expertise in visual technology to deliver a comprehensive portfolio of hardware, software, content, and services. ViewSonic offers a wide range of products, with screen sizes spanning from 5 inches to a massive 760 inches. This includes interactive displays, large format displays, LED displays, pen displays, monitors, projectors, SaaS, AI services, interactive content, and more. This innovative ecosystem empowers education, workplaces, and individuals to foster creativity, collaboration, and seamless learning. ViewSonic focuses on designing products that deliver optimal performance and customer satisfaction while integrating sustainable production practices and upholding comprehensive environmental, social, and governance standards. The company aims to enable customers to “See the Difference.” Learn more at www.viewsonic.com.

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SOURCE ViewSonic

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