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Huawei Wins Digital with Purpose Award for Salmon Protection Solution in Norway

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CASCAIS, Portugal, July 12, 2024 /PRNewswire/ — Huawei received the GeSI Digital with Purpose (DWP) Award 2024 and the DWP Biodiversity Award 2024 yesterday for its automated filtering system designed to protect wild Atlantic salmon in Norway.

Developed under Huawei’s TECH4ALL initiative with local partners Berlevåg Hunter and Fishermen’s Association (BJFF), Simula Consulting, and Troll Systems, the award-winning solution is able to recognize different fish species and filter out pink salmon, an invasive species that is not native to Norway’s rivers and has had a significant negative impact on native salmon.

“The award of the Grand Prize to Huawei’s AI solution for screening invasive salmon was unanimous among all the judges. Not only for its innovation, but also for the results it has achieved in a short space of time. This system is an example of how technological solutions have the power to contribute to the sustainability of the planet and the preservation of ecosystems,” said Luís Neves, CEO of the Global Enabling Sustainability Initiative (GeSI).

“Huawei committed to the Digital with Purpose initiative in May 2021, pledging to establish practical and incremental steps to become a purpose-led business that has a positive impact on society and our home,” said Joyce Liu, Director of the TECH4ALL Program Office at Huawei. “The technologies and partnerships that safeguard biodiversity and ecosystems not only benefit our planet, but also local communities that depend on natural resources.”

With wild Atlantic salmon an integral part of Norway’s identity, culture, and economy, the urgent need for a solution to the invasive species is recognized on a national scale.

Introduced into rivers bordering Norway in the 1960s, the pink salmon’s rapid reproduction cycle means that increasing numbers of the invasive species flood into Norway’s river systems every other year as part of its biennial spawning cycle. They aggressively outcompete native salmon for food, introduce disease, and increase the nitrogen content in rivers when they decompose, in turn causing other aquatic life to die.

After two years of development by Huawei and partners, the solution was deployed in pilot projects in Norway’s Kongsfjord and Storelva rivers in 2023. More than 6,000 pink salmon were successfully diverted out of the two rivers during last year’s breeding season.

“The trap has been developed and tested over several seasons, and we are convinced that our AI-based solution is the recipe for future success. Among the many thousands of identifications that we did last year, we identified and caught 100% of the pink salmon, and had an overall identification rate of 99.98,” said Geir Kristiansen, General Manager of BJFF.

How the solution works

The automated filtering solution comprises a river-spanning tunnel, underwater cameras, an automated gate, and an AI algorithm trained to recognize different fish species. When the system recognizes pink salmon, the gate remains closed and diverts the fish into a holding tank. For wild Atlantic salmon and other native species, the gate opens, allowing them to swim upstream to complete their spawning cycle.

Previously, volunteers had to visually identify and manually remove pink salmon, a task that is time- and labor-intensive, error-prone, and results in an average fish injury or death rate of 30%. In contrast, the automated solution cuts manual labor requirements by 90% and all fish are unharmed.

In the Kongsfjord River pilot, the filtering system is solar-powered and connected by 5G, as the site lacks a power supply or network connectivity. The success of the pilot projects means that the solution can potentially be scaled out throughout Norway’s river systems, including those that lack the required infrastructure.

The GeSI Digital with Purpose Global Award aims to highlight and celebrate digital solutions that address human needs, decrease poverty, increase inclusivity, and protect nature in line with the United Nations 2030 Sustainable Development Agenda (SDGs) and the Half-Earth concept.

About TECH4ALL

TECH4ALL is Huawei’s long-term digital inclusion initiative and action plan. Enabled by innovative technologies and partnerships, TECH4ALL is designed to enable inclusion and sustainability in the digital world.

For more information, please visit Huawei TECH4ALL website at https://www.huawei.com/en/tech4all

Follow us on X at https://x.com/HUAWEI_TECH4ALL

 

SOURCE Huawei

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TriNetX’s Founding CEO Announces Plans to Step Down

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January 9, 2025

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After 11 Years, Gadi Lachman to Conclude Operating Role, Remain on TriNetX’s Board

CAMBRIDGE, Mass., Jan. 9, 2025 /PRNewswire/ — TriNetX, the largest global source of real-world data, today announced that Gadi Lachman, the Company’s Founder, President and CEO, will step down from his operating role on March 31, 2025. Gadi founded TriNetX in 2014 and has served as President and CEO in the succeeding 11 years. Gadi will continue to serve on TriNetX’s Board of Directors and will be an Advisor to Carlyle, TriNetX’s majority investor.

“It has been an honor to build TriNetX and be part of such an outstanding team. I want to thank TriNetX’s employees, customers, and shareholders for the support they have shown me. With the talent and passion of our people I am immensely confident in TriNetX’s continued success,” said Lachman. “Together, we have built the largest global platform for clinical research, with data from over 25 countries and tens of millions of queries a month. Our solutions are moving clinical research to a whole different level and saving lives on a massive scale, across all therapeutic areas.”

During the transition period, Jeff Margolis, a current TriNetX Director, will serve as Executive Chairman to ensure continuity in leadership and governance while a CEO search is conducted.

Margolis said, “I have had the distinct privilege of serving on the Board alongside Gadi and partnering with him for 11 years. On behalf of the Board, we thank Gadi for shaping and leading TriNetX to become the world’s top ecosystem of real-world data and real-world evidence serving life sciences and the broader healthcare industry. I look forward to working with him and the rest of the Board over the next months to execute a successful transition of leadership.”

Joe Bress, Partner and Global Co-Head of Healthcare for Carlyle, TriNetX’s lead investor, added, “We have been thrilled to partner with Gadi since our initial investment in TriNetX over four years ago. Thanks to his disciplined leadership, TriNetX is one of the few companies that has sustained profitability even during periods of high growth. Gadi has built the company up to an exciting point, paving the way for a new leader to take the business into its next chapter of growth and success.”

Through this leadership transition, TriNetX remains steadfast in its mission to advance global healthcare through the power of real-world data. The Board, leadership team, and employees are united in their commitment to driving continued innovation and delivering success for customers and partners, all while building on Gadi’s exceptional legacy.

About TriNetX, LLC

TriNetX is a global network of healthcare organizations and life sciences companies dedicated to advancing real-world research and expediting the development of new therapies. Through its self-service, HIPAA-, GDPR-, and LGPD-compliant platform of federated deidentified and anonymous electronic health record datasets and consulting partnerships, TriNetX empowers its global community to improve clinical trial protocol design, streamline trial operations, refine safety signals, and enrich real-world evidence generation. For more information, please visit TriNetX at www.trinetx.com or follow TriNetX on LinkedIn.

Media Contact
TriNetX
Michelle Fleming, Chief Marketing Officer
Email: Michelle.Fleming@TriNetX.com

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Stellus Private Credit BDC Announces $0.36 First Quarter 2025 Regular Dividend, Payable Monthly in Increments of $0.12 in January, February, and March 2025

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23 minutes ago

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January 9, 2025

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HOUSTON, Jan. 9, 2025 /PRNewswire/ — Stellus Private Credit BDC (“the Company”) announced that its Board of Trustees has declared a monthly dividend of $0.12 for each of January, February, and March, totaling $0.36 per share in the aggregate for the first quarter of 2025. The regular dividend of $0.36 per share will be paid to shareholders of record in January, February, and March 2025.

Summary of First Quarter 2025 Regular Monthly Dividends

Declared

Record Date

Payment Date

Amount per Share

1/9/2025

1/10/2025

1/31/2025

$0.12

1/9/2025

2/3/2025

2/28/2025

$0.12

1/9/2025

3/3/2025

3/31/2025

$0.12

About Stellus Private Credit BDC

The Company is an externally-managed, closed-end, non-diversified investment management company that has elected to be regulated as a business development company under the Investment Company Act of 1940, as amended. The Company’s investment objective is to maximize the total return to its stockholders in the form of current income and capital appreciation by investing primarily in private middle-market companies (typically those with $5.0 million to $50.0 million of EBITDA (earnings before interest, taxes, depreciation and amortization)) through first lien (including unitranche) loans, second lien loans and unsecured debt financing, with corresponding equity co-investments. The Company’s investment activities are managed by its investment adviser, Stellus Private BDC Advisor, LLC.

Forward-Looking Statements

Statements included herein may contain “forward-looking statements” which relate to future performance or financial condition. Statements other than statements of historical facts included in this press release, including statements about COVID-19 and its impacts, may constitute forward-looking statements and are not guarantees of future performance or results and involve a number of assumptions, risks and uncertainties, which change over time. Actual results may differ materially from those anticipated in any forward-looking statements as a result of a number of factors, including those described from time to time in filings by the Company with the Securities and Exchange Commission including the final prospectus that will be filed with the Securities and Exchange Commission. The Company undertakes no duty to update any forward-looking statement made herein. All forward-looking statements speak only as of the date of this press release.

Contacts
Stellus Private Credit BDC
W. Todd Huskinson, Chief Financial Officer
(713) 292-5414
thuskinson@stelluscapital.com

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SOURCE Stellus Private Credit BDC

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MongoDB, Inc. to Present at the 27th Annual Needham Growth Conference

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23 minutes ago

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January 9, 2025

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NEW YORK, Jan. 9, 2025 /PRNewswire/ — MongoDB, Inc. (NASDAQ: MDB) today announced that Chief Operating Officer and Chief Financial Officer, Michael Gordon, and Senior Vice President of Finance, Serge Tanjga, will present virtually at the 27th Annual Needham Growth Conference.

The MongoDB presentation is scheduled for Thursday, January 16, 2025, at 3:45 p.m. Eastern Time. A live webcast of the presentation will be available on the Events page of the MongoDB investor relations website at https://investors.mongodb.com/news-events/events. A replay of the webcast will also be available for a limited time.

About MongoDB
Headquartered in New York, MongoDB’s mission is to empower innovators to create, transform, and disrupt industries by unleashing the power of software and data. Built by developers, for developers, MongoDB’s developer data platform is a database with an integrated set of related services that allow development teams to address the growing requirements for today’s wide variety of modern applications, all in a unified and consistent user experience. MongoDB has tens of thousands of customers in over 100 countries. The MongoDB database platform has been downloaded hundreds of millions of times since 2007, and there have been millions of builders trained through MongoDB University courses. To learn more, visit mongodb.com.

Investor Relations
Brian Denyeau
ICR for MongoDB
646-277-1251
ir@mongodb.com

Media Relations
MongoDB PR
press@mongodb.com

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SOURCE MongoDB, Inc.

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