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Hyundai IONIQ 5 N Named Motor Authority’s Best Car to Buy 2025

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3 days ago

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Enthusiast and luxury brand Motor Authority says 5 N has “the strongest appeal to enthusiasts”IONIQ 5 N features up to 601 horsepower, plus a driver-selectable N Grin Boost function delivering an additional 40 horsepoweriN e-Shift’s simulated manual gearchange function delivers unprecedented levels of driver engagement and control among EVs

FOUNTAIN VALLEY, Calif., Jan. 6, 2025 /PRNewswire/ — Hyundai’s all-electric IONIQ 5 N SUV has been named Motor Authority’s Best Car to Buy 2025. The driving enthusiasts at Motor Authority selected IONIQ 5 N as the winner from all new or redesigned luxury and performance vehicles made available to their testing staff. Motor Authority’s team declared 5 N the victor after assessing the vehicle’s performance factors including acceleration, handling, styling, features, and value (although the award criteria have no price limit). In the end, the IONIQ 5 N was judged to have the strongest appeal to enthusiasts.

“It’s a great honor for the IONIQ 5 N to be named Motor Authority’s ‘Best Car to Buy 2025,'” said Olabisi Boyle, senior vice president of product planning and mobility strategy at Hyundai Motor North America. “The IONIQ 5 N is a true high-performance beast. With features like N e-Shift and N Grin Boost, 5 N redefines engagement and driving fun for the electric age.”

Performance and luxury brand Motor Authority says, “Our team had big-time fun and posted some hot lap times in the IONIQ 5 N,” said Marty Padgett, Editorial Director of The Car Connection, Motor Authority, and Green Car Reports. “The IONIQ 5 N proves that electric-car drivers can excel on the racetrack, too. Sorry about the tires.”

State-of-the-art technology delivers shift feeling and engaging fun in an Everyday Sportscar
Fulfilling the N brand pillar of Everyday Sportscar, IONIQ 5 N delivers an engaging shift feeling and exhilarating driving through its novel integrated N e-Shift and N Active Sound+ functions. N e-Shiftii provides unprecedented control over power delivery, replicating the natural, familiar gear-change sensation of a dual-clutch paddle-shift transmission. N Active Sound+ works to underpin this sensation with manually selectable powertrain soundtracks, including the driver’s choice of an ICE-like engine and exhaust soundtrack or more futuristic sounds for a uniquely immersive enthusiast experience. Together, these features greatly enhance the joy of driving by viscerally and audibly simulating the attributes of a high-performance ICE vehicle.

N e-Shift simulates the eight-speed dual-clutch transmission (DCT) found in N’s internal combustion engine (ICE) cars. This technology replicates gearshifts by precisely controlling motor torque output to simulate the power-shift feeling between gear changes, painstakingly matched to synchronized audible cues. There’s even a synthetic redline. As a result, IONIQ 5 N delivers a more entertaining and interactive driving experience that feels far closer to a high-performance ICE model than any other EV.

N Active Sound+ is paired with N e-Shift to enhance the driving experience by creating a more visceral and exciting sensory experience. This driver-selectable technology leverages a 10-speaker system (eight internal, two external) to offer three distinct powertrain soundtracks. The ‘Ignition’ theme simulates the sound of an exciting internal-combustion four-cylinder engine. ‘Evolution’ provides a signature high-performance sound inspired by the RN22e Rolling Lab prototype, featuring variable volume that is synchronized with lateral g-forces while cornering. The ‘Supersonic’ theme is a unique aural concept inspired by twin-engine fighter jets. The objective of N Active Sound+ isn’t just added sonic excitement; this technology provides the driver with an acoustic reference point to help gauge the power utilized and available during cornering. This capability was borne from thousands of kilometers of development and testing at Germany’s legendary Nürburgring racetrack.

About Motor Authority
Motor Authority is one of the world’s leading luxury and performance automotive destinations, focusing on the latest news for the finest vehicles on the market today. Since 2006, Motor Authority has delivered the very latest luxury and performance car news, reviews, spy shots, photos, and videos. Motor Authority’s editorial team is made up exclusively of automotive industry veterans with more than 100 years of combined experience. Motor Authority is part of the Internet Brands Automotive Group.

Hyundai Motor America
Hyundai Motor America offers U.S. consumers a technology-rich lineup of cars, SUVs, and electrified vehicles, while supporting Hyundai Motor Company’s Progress for Humanity vision. Hyundai has significant operations in the U.S., including its North American headquarters in California, the Hyundai Motor Manufacturing Alabama assembly plant, the all-new Hyundai Motor Group Metaplant America, and several cutting-edge R&D facilities. These operations, combined with those of Hyundai’s 835 independent dealers, contribute $20.1 billion annually and 190,000 jobs to the U.S. economy, according to a recent economic impact report. For more information, visit www.hyundainews.com.

Hyundai Motor America on Twitter | YouTube | Facebook | Instagram | LinkedIn | TikTok

i Up to 601 hp (448 kW) standard. When N Grin Boost is engaged, IONIQ 5 N provides 10 seconds of boosted acceleration up to 641 hp (478 kW). Actual horsepower will vary with options, driving conditions, driving habits and vehicle’s condition.
ii Always use extreme caution when using N e-Shift feature. The driver is responsible for being attentive and maintaining control of the vehicle at all times. See Owner’s Manual for further details and limitations.

 

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SOURCE Hyundai Motor America

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TriNetX’s Founding CEO Announces Plans to Step Down

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28 minutes ago

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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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28 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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28 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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