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ADC Therapeutics to Host Third Quarter 2024 Financial Results Conference Call on November 7, 2024

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LAUSANNE, Switzerland, Oct. 31, 2024 /PRNewswire/ — ADC Therapeutics SA (NYSE: ADCT), a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs), today announced that it will host a conference call and live webcast on Thursday, November 7, 2024, at 8:30 a.m. EST to report financial results for the third quarter 2024 and provide operational updates.

To access the conference call, please register here. The participant toll-free dial-in number is 1-800-836-8184 for North America and Canada. It is recommended that you join 10 minutes before the event, though you may pre-register at any time. A live webcast of the call will be available under “Events and Presentations” in the Investors section of the ADC Therapeutics website at ir.adctherapeutics.com. The archived webcast will be available for 30 days following the call.

About ADC Therapeutics

ADC Therapeutics (NYSE: ADCT) is a commercial-stage global leader and pioneer in the field of antibody drug conjugates (ADCs). The Company is advancing its proprietary ADC technology to transform the treatment paradigm for patients with hematologic malignancies and solid tumors.

ADC Therapeutics’ CD19-directed ADC ZYNLONTA (loncastuximab tesirine-lpyl) received accelerated approval by the FDA and conditional approval from the European Commission for the treatment of relapsed or refractory diffuse large B-cell lymphoma after two or more lines of systemic therapy. ZYNLONTA is also in development in combination with other agents and in earlier lines of therapy. In addition to ZYNLONTA, ADC Therapeutics has multiple ADCs in ongoing clinical and preclinical development.

ADC Therapeutics is based in Lausanne (Biopôle), Switzerland, and has operations in London and New Jersey. For more information, please visit https://adctherapeutics.com/ and follow the Company on LinkedIn.

ZYNLONTA® is a registered trademark of ADC Therapeutics SA.

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. In some cases you can identify forward-looking statements by terminology such as “may”, “will”, “should”, “would”, “expect”, “intend”, “plan”, “anticipate”, “believe”, “estimate”, “predict”, “potential”, “seem”, “seek”, “future”, “continue”, or “appear” or the negative of these terms or similar expressions, although not all forward-looking statements contain these identifying words. Forward-looking statements are subject to certain risks and uncertainties that can cause actual results to differ materially from those described. Factors that may cause such differences include, but are not limited to: the expected cash runway into mid-2026 the Company’s ability to grow ZYNLONTA® revenue in the United States; the ability of our partners to commercialize ZYNLONTA® in foreign markets, the timing and amount of future revenue and payments to us from such partnerships and their ability to obtain regulatory approval for ZYNLONTA® in foreign jurisdictions; the timing and results of the Company’s or its partners’ research and development projects or clinical trials including LOTIS 5 and 7, ADCT 601 and 602 as well as early research in certain solid tumors with different targets, linkers and payloads; the timing and results of investigator-initiated trials including those studying FL and MZL and the potential regulatory and/or compendia strategy and the future opportunity; the timing and outcome of regulatory submissions for the Company’s products or product candidates; actions by the FDA or foreign regulatory authorities; projected revenue and expenses; the Company’s indebtedness, including Healthcare Royalty Management and Blue Owl and Oaktree facilities, and the restrictions imposed on the Company’s activities by such indebtedness, the ability to comply with the terms of the various agreements and repay such indebtedness and the significant cash required to service such indebtedness; and the Company’s ability to obtain financial and other resources for its research, development, clinical, and commercial activities. Additional information concerning these and other factors that may cause actual results to differ materially from those anticipated in the forward-looking statements is contained in the “Risk Factors” section of the Company’s Annual Report on Form 10-K and in the Company’s other periodic and current reports and filings with the U.S. Securities and Exchange Commission. These statements involve known and unknown risks, uncertainties and other factors that may cause actual results, performance, achievements or prospects to be materially different from any future results, performance, achievements or prospects expressed in or implied by such forward-looking statements. The Company cautions investors not to place undue reliance on the forward-looking statements contained in this document.

CONTACTS:

Investors
Marcy Graham
ADC Therapeutics
Marcy.Graham@adctherapeutics.com
+1 650-667-6450

Media
Nicole Riley
ADC Therapeutics
Nicole.Riley@adctherapeutics.com
+1 862-926-9040

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SOURCE ADC Therapeutics SA

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Chobani Taps Industry Veteran Jai Kibe as Chief Marketing Officer

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NEW YORK and NEW BERLIN, N.Y., Oct. 31, 2024 /PRNewswire/ — Chobani, LLC announces the appointment of Jai Kibe as Chief Marketing Officer, effective November 4, 2024, reporting to President and COO, Kevin Burns. Kibe will lead the marketing and creative teams for the Chobani and La Colombe brands. 

In this role he will focus on expanding growth-segments, driving marketing innovations, developing next generation analytics and consumer insights capabilities, enhancing digital first consumer and customer engagement, and creating dynamic activations and partnerships. 

“Jai is known for inspiring creativity, energizing brands, and bringing a disciplined, metrics-based approach to strategy,” said Burns. “His leadership will be instrumental in driving the next phase of our growth as we work to expand awareness beyond today’s core consumer segments. I’m excited to partner with Jai to create deeper and more meaningful consumer connections to unleash the potential of the Chobani and La Colombe brands.” 

A veteran marketing professional with over 23-years of experience working across numerous global companies, Kibe has held senior marketing roles at Gartner, SC Johnson, The Coca-Cola Company, among others. Kibe has transformed both iconic as well as challenger brands, delivering sustained profitable growth and strengthening brand equity. 

“I am thrilled to be joining Chobani at an exciting moment in time, where we can blend art, science and instinct,” said Kibe. “As a brand that combines purpose with innovation, Chobani has consistently set the standard for great taste, consumer health and wellness while driving positive social impact. I look forward to working with this incredibly talented team to continue shaping the future of the food and beverage industry, while staying true to Chobani’s mission of making good food available to more people while positively impacting our communities and planet.”  

Kibe earned his MBA in Marketing from Pepperdine University and is currently further enhancing his expertise in digital programming and automation through ongoing education at Northwestern University’s Kellogg School of Management. 

About Chobani 
Chobani is a food maker with a mission of making high-quality and nutritious food accessible to more people, while elevating our communities and making the world a healthier place. In short: making good food for all. In support of this mission, Chobani is a purpose-driven, people-first, food-and-wellness-focused company, and has been since its founding in 2005 by Hamdi Ulukaya, an immigrant to the U.S. The Company manufactures yogurt, oat milk, and creamers – Chobani yogurt is America’s No.1 yogurt brand, made with natural ingredients without artificial preservatives. Following the 2023 acquisition of La Colombe, a leading coffee roaster with a shared commitment to quality, craftmanship and impact, the Company began selling cold-pressed espresso and lattes on tap at 32 cafes, as well as Ready to Drink (RTD) coffee beverages at retail. 

Chobani uses food as a force for good in the world – putting humanity first in everything it does. The company’s philanthropic efforts prioritize giving back to its communities and beyond: working to eradicate child hunger, supporting immigrants, refugees and underrepresented people, honoring veterans, and protecting the planet. Chobani manufactures its products in New York, Idaho, Michigan and Australia, and its products are available throughout North America and distributed in Australia and other select markets. 

For more information, please visit www.chobani.com or follow us on Facebook, X, Instagram, LinkedIn, Pinterest and TikTok. 

View original content to download multimedia:https://www.prnewswire.com/news-releases/chobani-taps-industry-veteran-jai-kibe-as-chief-marketing-officer-302293251.html

SOURCE Chobani, LLC

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The Middletown Home Successfully Enhances Pumpkin Fest 2024 with CATIE Mobile

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 Innovative Communication Solution from Status Solutions Boosts Event Safety and Efficiency

WESTERVILLE, Ohio, Oct. 31, 2024 /PRNewswire/ — The Middletown Home, a not-for-profit 501(c)(3) continuing care community, hosted its largest annual fundraiser, Pumpkin Fest Weekend, on October 5-6, 2024. Now in its 10th year, the cherished community event attracted 20,000 attendees and showcased live music, local artisans, and autumn-inspired activities. This year’s event featured a groundbreaking enhancement—CATIE Mobile, a multi-award-winning communication app provided by Status Solutions, which significantly improved communication, safety, and event management for all involved.

As the Pumpkin Fest Weekend continued to grow, The Middletown Home recognized the need for an efficient communication solution to manage the increasing scale of the event. “Given the size of Pumpkin Fest, we needed a solution that would help us communicate effectively with everyone involved—from attendees to vendors and volunteers—to ensure a safe and smooth-running event,” said Fred Barrett, VP of Operations at The Middletown Home.

Thanks to being enrolled in Status Solutions’ Innovation Program, The Middletown Home could deploy CATIE Mobile at no additional cost, enhancing the event experience for all. CATIE Mobile provided real-time updates, safety alerts, and event information directly to attendees’ smartphones. The app also allowed administrators to coordinate seamlessly with volunteers, vendors, and first responders, ensuring a safe and successful event.

“We were thrilled to provide CATIE Mobile to The Middletown Home for Pumpkin Fest. It’s a perfect example of how our Innovation Program gives customers access to cutting-edge solutions that enhance communication and safety,” said Mike MacLeod, Founder and CEO of Status Solutions.

Results from Pumpkin Fest 2024 Include:

Enhanced Communication: Weather conditions on Saturday required the rescheduling of the fireworks show. CATIE Mobile enabled quick updates to attendees, vendors, and volunteers.Increased Safety: Two medical emergencies were swiftly addressed through the app’s alert system, allowing volunteers and staff to respond quickly and ensure the safety of attendees.Improved Event Management: Reminders about scheduled activities and updates to event maps and schedules were easily accessible through CATIE Mobile, streamlining the festival experience for attendees.

“We were incredibly grateful to have CATIE Mobile for Pumpkin Fest. The real-time updates and communication with artisans, vendors, and volunteers were key to the success of the event,” said Louis Vogel, CEO of The Middletown Home.

As a result of CATIE Mobile’s success at Pumpkin Fest, The Middletown Home is now exploring further opportunities to integrate the platform into daily operations.

For more information on CATIE Mobile at Pumpkin Fest, read the full case study here. For more information on Status Solutions’ Innovation Program or their school safety technology and funding platform, please visit Status Solutions website.

Contact:
Laura Hartman, Status Solutions
866-846-7272, x 456
385747@email4pr.com 

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SOURCE Status Solutions, LLC.

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Huawei’s David Wang: UBB Advanced Paves the Way to All Intelligence

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ISTANBUL, Nov. 1, 2024 /PRNewswire/ — At the 10th Ultra-Broadband Forum (UBBF 2024), David Wang, Huawei’s Executive Director of the Board and Chairman of the ICT Infrastructure Managing Board, delivered a keynote speech titled “UBB Advanced Paves the Way to All Intelligence”. When opening the event, he shared his latest insights into the AI industry and elaborated on Huawei’s All Intelligence strategy. He also proposed a new direction for the synergistic development of UBB and AI to help the industry reach the intelligent world faster – technological innovation and business incubation.

The Fourth Industrial Revolution has been progressing rapidly thanks to AI, with AI becoming a major driver of global economic growth. Widespread commercial use of AI is accelerating, and new applications for personal use, enterprise efficiency, and smart homes are disrupting multiple markets. It is also driving communications network upgrades, in terms of capacity, latency, and architecture.

In his speech, Wang noted, “Huawei has continued innovating by focusing on two areas: UBB for AI and AI for UBB. The innovation we are doing under UBB for AI is based on ultra-large bandwidth, deterministic low latency, and network architecture. The network capability improvements we’ve achieved support higher quality AI development which will help carriers achieve business growth. This innovation also focuses on AI for UBB. We are applying AI to networks to improve network experience, to speed up service provisioning, and to streamline network O&M. This helps carriers build highly autonomous networks.”

Last year, Huawei released its All Intelligence Strategy to, “show how to connect all things, model all applications, and compute all decisions.” Huawei offers leading digital and intelligent infrastructure that provides computing, storage, and transmission power for industry. Huawei is also using its Pangu Models to create advanced industry-specific models, with the aim of supporting a vast range of models and applications, and helping customers from different industries pursue intelligent transformation.

Within the telecom industry, Huawei offers leading AI solutions, which must be supported by transmission power. As critical infrastructure, UBB networks provide this kind of power to help other industries go digital and intelligent more easily. To this end, Huawei advocates two development paths for UBB networks: “UBB for AI” and “AI for UBB”.

UBB for AI: high-quality AI development

UBB 5.5G incorporates technological innovation at multiple network layers to support AI requirements.

For data center networks (DCNs), Huawei offers a Dragonfly+ Topology architecture and new DC-OXC technologies that help build large-scale computing centers.

For data center interconnect (DCI) networks, Huawei uses a number of innovative technologies like 800G IP + Optical networking, flexible IP service-flow level scheduling, and lossless transmission to realize more efficient use of computing power across data centers.

For data center access (DCA) networks, Huawei’s OXC Mesh networking is capable of greatly reducing network latency. Its Wi-Fi 7 and 50G PON technologies can provide the ubiquitous 10 gigabit access that is necessary for widespread AI adoption by end users. In addition, Huawei’s FTTR is already being used to create “intelligent hubs” and enable intelligent applications for many homes.

Huawei’s Xinghe security gateway and hybrid ASON also guarantee resilience over end-to-end networks for AI application connections.

These innovations significantly improve bandwidth, latency, availability, and large-scale networking capabilities and will help carriers differentiate themselves in the intelligent era.

AI for UBB: highly-autonomous networks

UBB networks are also becoming larger and handling more complex scenarios, driving carriers to seek new ways to improve O&M efficiency and network autonomy. A promising method being explored is embedding AI directly into networks.

Huawei has built an AI-enabled O&M architecture for UBB networks that uses digital twins and its own Telecom Foundation Model. This architecture enables the creation of intelligent role-oriented “copilots” and scenario-specific “agents” that automate onsite operations and remote maintenance and optimization, which is necessary for the evolution to level 4 autonomous driving networks (ADNs).

Multiple leading carriers have successfully improved their network O&M efficiency by working with Huawei to apply this architecture commercially.

For home broadband, ADNs can support network self-optimization to ensure user experiences, reducing the churn rate by 57%.

For transmission networks, network planning and service deployment efficiency is crucial. ADNs can support service self-planning and deployment based on service level agreements, rather than manual planning. This can cut service provisioning times from one month to one day.

For IP network maintenance, fault location has always been a challenge. ADNs can enable virtual employees to support troubleshooting, reducing network troubleshooting times by 50%.

At the end of his speech, Wang called for the entire UBB industry to actively embrace the intelligent era by pursuing innovation in UBB 5.5G network technologies for long-term competitiveness. He also advocated for industry-wide incubation of new intelligent services in addition to new network capabilities, saying that new partnerships and business opportunities in AI applications will drive intelligent service transformation and new business growth.

SOURCE Huawei

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