Technology
Tuya Smart Hosts Successful ‘Tuya Developer Day’ During CES 2025, Leading Industry Change with Innovative AI Technology
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4 hours agoon
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LAS VEGAS, Jan. 10, 2025 /PRNewswire/ — Tuya Smart (NYSE: TUYA, HKEX: 2391), a global cloud platform service provider, successfully hosted its highly anticipated Tuya Developer Day event during CES 2025.
This year’s CES theme “DIVE IN” brought innovators, decision-makers, visionaries, and potential partners from across the global tech companies and ecosystem to explore cutting-edge advancements shaping modern lifestyles. Building on this vision, Tuya embraced the theme “AI DIVE IN” for its showcase, spotlighting the transformative fusion of AI with smart products and innovative solutions to drive industry growth and evolution.
To further this mission, Tuya Developer Day welcomed distinguished representatives from leading global organizations, institutions, and enterprises to engage in in-depth discussions about AI trends and application prospects. The event provided developers with insights to unlock new business opportunities in the AI era.
At the beginning of the event, Alex Yang, Co- Founder, COO and CFO of Tuya Smart, delivered the opening keynote titled “AI DIVE IN.”
“We are currently witnessing an era of rapid advancement in AI. To help global developers leverage the power of AI, we’ve deeply integrated AI capabilities with the Tuya Cloud Developer Platform, strengthening three key areas: AI hardware development, AI Agent development, and AI infrastructure construction. These enhancements significantly simplify both workflows and development processes for developers,” Yang said. “Regarding AI Agent development, we’ve successfully integrated with leading models of OpenAI, Gemini, Claude, and Amazon Nova. By leveraging our AI Agent development platform and Tuya-enabled T3/T5 SoC modules, developers need only a single SDK to connect with any large language model, enabling seamless integration of audio, video, and other data types to create their ideal AI hardware products. Additionally, Tuya is committed to helping developers build practical and innovative AI solutions. In the energy sector, we’ve introduced features like AI energy analysis, AI energy-saving assistants, and AI energy optimization, which help users significantly reduce energy consumption. Furthermore, Tuya has partnered with industry leaders such as Apple and Amazon Web Services to achieve deeper ecosystem integration. Looking ahead, we aspire to collaborate with even more partners to launch innovative AI products and solutions that will lead the next wave of technological innovation.”
Amazon Web Services keynote: The Era of Generative AI Value Creation
Since 2006, Amazon Web Services has been the world’s most comprehensive and broadly adopted cloud. AWS has been continually expanding its services to support virtually any workload, and it now has more than 240 fully featured services for compute, storage, databases, networking, analytics, machine learning and artificial intelligence (AI), Internet of Things (IoT), mobile, security, hybrid, media, and application development.
Olivier Bernard, Worldwide Smart Home GTM Lead of AWS highlighted the transformative potential of generative AI during his keynote. “Generative AI is rapidly becoming a transformative force in productivity, yet businesses often encounter challenges in building applications, such as data processing, model training, and resource allocation. Tuya Smart uses AWS’s leading generative AI technologies to deliver high-efficiency solutions, building an intelligent developer platform that significantly boosts productivity. With newly launched services of Amazon Bedrock, Amazon SageMaker and Amazon Q during 2024 AWS re:Invent, we look forward to deepening our collaboration with Tuya to further lower technical barriers for developers and unlock greater business value across industries,” said Bernard.
Amazon Alexa: Building the Ambient Home Together with Alexa
Customers have connected more than 400 million smart home devices to Alexa, and use Alexa hundreds of millions of times each week to control their devices. More than one million registered developers, brands, and device makers are creating conversational, natural, and proactive experiences with Alexa. Amazon offers a collection of tools, APIs, reference solutions, and documentation to make it easier for developers to build Alexa experiences for their customers.
“Our goal is to develop a diverse range of best-in-class products and services in collaboration with brands for users globally. By participating in our Works with Alexa certification program, they can deliver smarter, more reliable, and responsive products to users, enhancing the smart home living experience. A key focus for us is simplifying the device setup process. With Frustration-Free Setup, getting started with Alexa is as simple as opening the box. We will continue collaborating with Tuya to bring more seamless and intuitive smart home experiences to end-users,” said David Wurster, Senior Manager of Alexa Smart Home Business Development.
Connectivity Standards Alliance: A Connected Future with Matter
The Connectivity Standards Alliance is the foundation and future of the IoT. Their wide-ranging global membership is on a mission: to ignite creativity and collaboration in the Internet of Things by developing, evolving, and promoting universal open standards that enable all objects to securely connect and interact. The Connectivity Standards Alliance believes all objects can work together to enhance the way people live, work, and play.
“Matter is a unifying, IP-based connectivity protocol, empowering developers to build reliable and secure IoT ecosystems while enhancing user experiences,” said Tobin Richardson, President and CEO of the Connectivity Standards Alliance. “As a Board Member, Tuya, along with hundreds of other Members are dedicated to collaboratively advancing and evolving Matter in different use cases across the IoT. With the release of Matter 1.4 in November 2024, developers can now create more sophisticated smart devices by leveraging Tuya’s Cloud Developer Platform.”
Texas Instruments: Wireless Connectivity
Texas Instruments (TI) designs, manufactures, tests, and sells analog and embedded semiconductors that are the essential building blocks of electronic systems. With more than 80,000 products, it has the most comprehensive portfolio of general-purpose analog products, as well as a full breadth of analog and embedded products that help customers create differentiated applications.
Marian Kost, Vice President and General Manager of Connectivity at TI, highlighted the critical role of connectivity in enabling seamless operations across sectors like construction, retail, and healthcare. “Applications that are easy to operate and manage are essential for these industries, and stable connectivity technology is the backbone of such innovations,” Kost stated. “To simplify the development of connected applications, TI has partnered with Tuya Smart to integrate its SimpleLink™ wireless MCU (CC2340) technology into the Tuya Cloud Developer Platform. This collaboration combines TI’s high-performance, low-power connectivity solutions with Tuya’s versatile development tools.”
“By leveraging the power of the Tuya Cloud Developer Platform alongside TI’s advanced connectivity technology, businesses can rapidly create stable, reliable, and easy-to-manage applications. This partnership accelerates the intelligent transformation of industries, fostering innovation and driving development across the board,” Kost added.
Silicon Labs: AI/ML for Tiny Edge Devices
Silicon Labs is a trailblazer in wireless connectivity for the Internet of Things. Our integrated hardware and software platform, intuitive development tools, and unmatched ecosystem support make Silicon Labs the ideal long-term partner in building advanced industrial, commercial, and home and life applications. Silicon Labs lead the industry in high-performance, low-power, and security with support for the broadest set of multi-protocol solutions.
Fritz Werder, Senior Director at Silicon Labs, emphasized the transformative role of artificial intelligence and machine learning in shaping the future of the smart device industry. “AI and machine learning are increasingly crucial in driving innovation within the IoT industry. Silicon Labs’ AI/ML solutions focus on developing more efficient and advanced SoCs to enhance the performance of smart edge devices and support diverse application scenarios. In the future, Silicon Labs will continue collaborating with Tuya to empower device manufacturers, unlock new opportunities, and create a more intelligent and safer interconnected world.” said Fritz.
Positivo Tecnologia: A Unique Smart Home Experience in Brazil with an Exclusive App
Positivo Tecnologia, a leading Brazilian tech company, develops and markets a wide range of solutions, including computers, smartphones, tablets, smart home devices, electronic security systems, payment terminals, servers, and IT infrastructure. Known for its expertise in educational technologies and innovative projects, the company delivers products like self-service kiosks, and demographic data collection devices.
Serving consumers, businesses, schools, and public institutions, Positivo also provides IT equipment leasing, technical support, and managed services. Its diverse portfolio combines innovation and reliability, driving technological progress across Brazil.
“The rapid advancement of technology is not only reshaping the way we work but also profoundly enhancing our daily lives. Smart home solutions, as a key application of IoT, are revolutionizing living experiences. This progress relies heavily on engineering innovation and evolving business models,” said Rafael Sczcepanik, Business Director of Positivo. “Tuya’s cutting-edge technological expertise and strong global presence in the smart home sector make them an ideal partner for us. We are excited about the opportunity to collaborate and envision a smarter, more efficient, and sustainable future together.”
FiberX: Smart home success cases through internet providers in Brazil
Founded in 2008, FiberX distributes fiber optic network equipment in western Santa Catarina. Through hard work and dedication, FiberX has grown to become one of the largest companies in the sector, serving over 6,000 customers and delivering more than 7 million products nationwide. The company realized that its expertise could go beyond the ISP market and be applied to a variety of solutions involving technology and innovation. This led to the creation of new verticals and work teams, always guided by the same purpose: simplifying the complex.
“As a technology integrator, FiberX has made significant efforts to empower ISPs in attracting and retaining customers. In an environment where the adoption of AI is surpassing retail productivity, our smart home devices brand, Veld, is taking the lead in driving substantial change through advanced technologies and solutions that prioritize convenience, security, and innovation. By utilizing the Tuya Cloud Developer Platform and its extensive hardware ecosystem, we are committed to further enabling ISPs to enhance end-customers’ daily lives and cater to their evolving needs,” said Clayton Costa, Chief Product Officer of FiberX.
FOTILE: FOTILE Fully Embraces the Intelligence of Kitchen Space
FOTILE has always been committed to providing people with high-quality products and services, creating a healthy and environmentally-friendly lifestyle, and allowing more families to enjoy a happy and confident kitchen life. For the last 20 years, FOTILE has helped families around the world improve their kitchen environments and protect their health. FOTILE continues forging ahead for the happiness of hundreds of millions of families.
Guitao Yu, Director of the Intelligent Research Institute at FOTILE Group, commented, “In response to the evolving needs of modern living, FOTILE has leveraged AI algorithms and cutting-edge smart hardware to create the FOTILE Smart Kitchen System.This innovative system offers users a fully integrated, intelligent kitchen experience that combines safety, health, convenience, socialization and entertainment. To further elevate users’ quality of life, FOTILE has partnered with Tuya to launch a versatile recipe platform. This platform not only offers recipe management capabilities but also supports a variety of cooking modes, providing a personalized cooking experience for every user. Moving forward, we will continue to deepen our collaboration, expand the ecosystem, and further enrich the kitchen experience for our users.”
Pioneer Solutions: US/ Mexico Drayage and FTL
Founded in 2016 by a team of logistics professionals with a true passion for international trade, Pioneer Solution’s mission has always been to be the preferred freight forwarder serving and facilitating the logistics needs of other entrepreneurs and helping them realize their business’s full potential on a global scale.
The company’s expertise in connecting Trans-Pacific trade has enabled them to grow together with their customers. Headquartered in Los Angeles but with a strong global vision, Pioneer Solutions is a leading integrated logistics company comprising four business segments: NVOCC, Warehousing & Distribution, Customs Clearance & Trade Advisory, and Trucking.
Jose Torres, Logistics Director at Pioneer Solutions, stated, “In today’s logistics landscape, intelligence-driven solutions are crucial. Tuya, with its cutting-edge AI, cloud computing, and other technological capabilities, provides the tools we need to enhance the visibility and security of goods, optimize transportation and warehousing processes, proactively mitigate transportation risks, and significantly boost logistics efficiency. This partnership enables us to excel in the modern supply chain environment.”
Construlita: Creating smart buildings to improve profit and productivity
Construlita is a leading brand in commercial lighting for a range of settings, including workplaces, retail stores, restaurants, and hotels. To meet customers’ needs for lighting through knowledge, technology, and solutions that add value to lighting projects, it is constantly updating its solution portfolio with innovative technologies like IoT devices and smart platforms that are in line with global trends. This results in the creation of spaces full of captivating experiences that heighten end-users’ sense through light.
Roberto Enriquez Gómez, Vice President of Sales at Construlita, remarked, “In commercial buildings across Mexico, the electricity demand for lighting, HVAC, and air conditioning is notably high. To help these buildings reduce operating costs and improve profit margins, we have integrated the Tuya ecosystem. This system consolidates energy data from multiple buildings into a single platform for efficient energy management. Beyond energy optimization, it enhances the quality of life and job satisfaction for occupants, fostering greater productivity and well-being. Together, we are advancing the sustainable development of the construction industry.”
The successful “Tuya Developer Day” event at CES 2025 not only expanded Tuya’s market reach but also provided a platform for global developers to showcase their talents, fostering in-depth communication and sparking innovative collaboration. Moving forward, Tuya will continue to partner with developers worldwide, driving the integration of AI, cloud computing, and other advanced technologies across various scenarios. This collaboration will accelerate the pace of intelligent transformation and help co-create a new era of smart technology.
View original content:https://www.prnewswire.com/news-releases/tuya-smart-hosts-successful-tuya-developer-day-during-ces-2025-leading-industry-change-with-innovative-ai-technology-302347803.html
SOURCE Tuya Smart
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Technology
ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE
Published
22 minutes agoon
January 10, 2025By
HSINCHU, Jan. 10, 2025 /PRNewswire-FirstCall/ — ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS), an industry leading provider of outsourced semiconductor assembly and test services (“OSAT”), today reported its unaudited consolidated revenue for the month of December 2024 and for the fourth quarter ended December 31, 2024. All U.S. dollar figures cited in this press release are based on the exchange rate of NT$32.79 to US$1.00 as of December 31, 2024. This would represent full year 2024 revenue growth of approximately 6.3% compared to the full year 2023.
Revenue for the fourth quarter of 2024 was NT$5,399.6 million or US$164.7 million, representing a decrease of 5.7% from the fourth quarter of 2023, and a decrease of 11.0% from the third quarter of 2024. The Company noted that while the quarterly decline reflects macro industry pricing and demand headwinds, the strong full year 2024 revenue growth reflects continued leadership in its core markets.
Revenue for the month of December 2024 was NT$1,780.1 million or US$54.3 million, representing a decrease of 3.0% from November 2024, and a decrease of 5.4% from December 2023.
Consolidated Monthly Revenues (Unaudited)
December 2024
November 2024
December 2023
MoM Change
YoY Change
Revenues
(NT$ million)
1,780.1
1,834.6
1,881.5
-3.0 %
-5.4 %
Revenues
(US$ million)
54.3
55.9
57.4
-3.0 %
-5.4 %
Consolidated Quarterly Revenues (Unaudited)
Fourth Quarter
2024
Third Quarter
2024
Fourth Quarter
2023
QoQ Change
YoY Change
Revenues
(NT$ million)
5,399.6
6,068.0
5,725.4
-11.0 %
-5.7 %
Revenues
(US$ million)
164.7
185.1
174.6
-11.0 %
-5.7 %
About ChipMOS TECHNOLOGIES INC.:
ChipMOS TECHNOLOGIES INC. (“ChipMOS” or the “Company”) (Taiwan Stock Exchange: 8150 and Nasdaq: IMOS) (www.chipmos.com) is an industry leading provider of outsourced semiconductor assembly and test services. With advanced facilities in Hsinchu Science Park, Hsinchu Industrial Park and Southern Taiwan Science Park in Taiwan, ChipMOS is known for its track record of excellence and history of innovation. The Company provides end-to-end assembly and test services to leading fabless semiconductor companies, integrated device manufacturers and independent semiconductor foundries serving virtually all end markets worldwide.
Forward-Looking Statements:
This press release may contain certain forward-looking statements. These forward-looking statements may be identified by words such as ‘believes,’ ‘expects,’ ‘anticipates,’ ‘projects,’ ‘intends,’ ‘should,’ ‘seeks,’ ‘estimates,’ ‘future’ or similar expressions or by discussion of, among other things, strategies, goals, plans or intentions. These statements may include financial projections and estimates and their underlying assumptions, statements regarding plans, objectives and expectations with respect to future operations, products and services, and statements regarding future performance. Actual results may differ materially in the future from those reflected in forward-looking statements contained in this document, due to various factors. Further information regarding these risks, uncertainties and other factors are included in the Company’s most recent Annual Report on Form 20-F filed with the U.S. Securities and Exchange Commission (the “SEC”) and in the Company’s other filings with the SEC.
Contacts:
In Taiwan
Jesse Huang
ChipMOS TECHNOLOGIES INC.
+886-6-5052388 ext. 7715
In the U.S.
David Pasquale
Global IR Partners
+1-914-337-8801
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SOURCE ChipMOS TECHNOLOGIES INC.
Technology
16 Press Releases You Need to See This Week
Published
22 minutes agoon
January 10, 2025By
Plus, press release highlights from CES 2025.
NEW YORK, Jan. 10, 2025 /PRNewswire/ — With thousands of press releases published each week, it can be difficult to keep up with everything on PR Newswire. To help journalists and consumers stay on top of the week’s most newsworthy and popular releases, here’s a recap of some major stories from the week that shouldn’t be missed.
The list below includes the headline (with a link to the full text) and an excerpt from each story. Click on the press release headlines to access accompanying multimedia assets that are available for download.
McDonald’s New McValue Platform Is Finally Here
Fans can mix and match with the new Buy One, Add One for $1 offer and fuel up for less with the popular $5 Meal Deal. The brand marks the moment by partnering with John Cena and gifting fans millions of dollars in entertainment, lifestyle promos.ADP National Employment Report: Private Sector Employment Increased by 122,000 Jobs in December; Annual Pay was Up 4.6%
“The labor market downshifted to a more modest pace of growth in the final month of 2024, with a slowdown in both hiring and pay gains,” said Nela Richardson, chief economist, ADP. “Health care stood out in the second half of the year, creating more jobs than any other sector.”Big Lots Closes Sale to Gordon Brothers Retail Partners
Bruce Thorn, Big Lots’ President and Chief Executive Officer, said, “We are pleased to close this strategic transaction, which provides a framework to preserve thousands of jobs, maximize value, and maintain the Big Lots brand.”Globally Renowned Investor and Entrepreneur Kevin O’Leary Joining The People’s Bid for TikTok
The bid aims to purchase TikTok’s U.S. assets and rebuild the platform in a way that prioritizes the privacy of its 170 million American users.NASA to Explore Two Landing Options for Returning Samples from Mars
“Pursuing two potential paths forward will ensure that NASA is able bring these samples back from Mars with significant cost and schedule saving compared to the previous plan,” said NASA Administrator Bill Nelson. “These samples have the potential to change the way we understand Mars, our universe, and – ultimately – ourselves.”Tripadvisor Reveals 2025’s Must-Visit Destinations: Top Picks From Travelers Around the World This year Tripadvisor introduces two new subcategories; Solo Travel Destinations and a special sub-category in celebration of Tripadvisor’s 25th anniversary honoring the Top Destinations of the Last 25 Years based on all time reviews.Ulta Beauty Teams Up with Instacart to Deliver Beauty in a Flash Nationwide
Beauty meets convenience with the largest specialty U.S. beauty retailer now available on Instacart for delivery in as fast as an hour from more than 1,400 stores.Nation’s Top 300 Teen Scientists Selected for Achievements in STEM Innovation and Leadership in Nation’s Oldest and Most Prestigious High School Competition
The 300 scholars will be awarded $2,000 each and their schools will be awarded $2,000 for each enrolled scholar. Scholars were chosen based on their outstanding research, leadership skills, community involvement, commitment to academics, creativity in asking scientific questions and exceptional promise as STEM leaders.$5 Bowls with Five Choices: KFC® Debuts Hot New Lineup of Flavorful Bowls, Including Anticipated Return of Nashville Hot Sauce
Indulge your cravings with a hearty, warm, comforting bowl this winter for just $5 each, making your post-holiday wallet happy. Paramount and Comcast Announce Multi-Year Distribution Agreements
The multi-year deals feature ongoing carriage of Paramount’s networks, including CBS, BET, Comedy Central, MTV, Nickelodeon, Paramount Network and more. Comcast subscribers will also retain access to Paramount’s popular streaming services across Paramount+, Pluto TV and BET+.Michael J. Fox Honored with Presidential Medal of Freedom
President Biden presented Fox with the medal, which honors individuals who have made exemplary contributions to the prosperity, values, or security of the United States, world peace, or other significant societal, public or private endeavors.Hyundai Vehicles Available to “Add to Cart” on Amazon Autos
Car buyers around the U.S. can browse, order and finance any new Hyundai vehicle through a participating Hyundai dealer directly on Amazon Autos, and schedule a pickup from the dealer.The Latest Innovation from CHIPS AHOY! Is…Not A Cookie?! Introducing New CHIPS AHOY! Baked Bites – Bite-Sized Blondies to Satisfy Your Sweet Tooth
Baked into a square shape with a soft and chewy texture inspired by a brownie, CHIPS AHOY! Baked Bites, Blondie variety, are made with delicious, real chocolate chips and no high fructose corn syrup, offering an entirely reimagined CHIPS AHOY! experience. Buffalo thunders back as Zillow’s hottest market for 2025
“Shoppers nationwide should see more options for sale than in recent years, along with slow and steady price growth. That’s the good news. But both buyers and sellers should expect unpredictable mortgage rates,” said Skylar Olsen, Zillow chief economist.Girl Scouts’ 2025 Cookie Season Kicks Off Nationally, Helping Girls Across the Country Unbox Brighter Futures for Themselves
At the close of the 2025 cookie season, two beloved cookie flavors, Girl Scout S’mores® and Toast-Yay!®, will be retired.United Announces Accelerated Timeline for Starlink’s Industry-Leading Connectivity in the Sky
The airline now expects to begin testing Starlink next month with the first commercial flight anticipated to take off this spring on a United Embraer E-175 aircraft. Ultimately, United will add Starlink to its entire fleet.
Read more of the latest releases from PR Newswire.
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CES 2025
CES took over Las Vegas — and the wire — this week as companies from a range of industries shared news of their latest consumer technology innovations. From advances in mobility and AI to medtech, smart homes and much more, PR Newswire is here to help journalists and consumers keep track of the announcements tied to the consumer electronics tradeshow.
Here are just a few of the big CES press releases sent this week:
What Not to Miss at CES 2025XREAL Announces Groundbreaking Collaborations at CES 2025EcoFlow Debuts AI-Powered OASIS at CES 2025, Maximizing Energy Savings and Extreme Weather PrepSony Exhibits at CES® 2025Exclusive to CES 2025: Bird Buddy Goes Beyond Birds with New Wonder Nature Tech Product Announcement
Catch up on the latest CES 2025 announcements.
Helping Journalists Stay Up to Date on Industry News
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Customization: Users can create customized newsfeeds that will deliver relevant news right to their inbox. Newsfeed results can be targeted by keywords, industry, subject, geography, and more.Photos and Videos: Thousands of multimedia assets are available to download and include in a journalist or blogger’s next story.Subject Matter Experts: Journalists will have access to ProfNet, a database of industry experts to connect with as sources or for quotes in their articles.Related Resources: Our journalist- and blogger-focused blog, Beyond Bylines, features regular media news roundups, writing tips, upcoming events, and more.
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Technology
Inspira™ Preparing Production in Response to Spread of Respiratory Virus in China
Published
22 minutes agoon
January 10, 2025By
RA’ANANA, Israel, Jan. 10, 2025 /PRNewswire/ — Inspira Technologies OXY B.H.N. Ltd. (Nasdaq: IINN) (Nasdaq: IINNW) (“Inspira” or the “Company”), a leader in life-support technology innovation, announced today that it is preparing for a potential production ramp-up of its INSPIRA™ ART100 device. This strategic readiness comes in light of the recent outbreak of human metapneumovirus (hMPV) in China, which has highlighted the growing need for advanced respiratory care technologies globally.
Inspira is already in discussions with leading providers in affected regions to evaluate demand for advance respiratory solutions and deployment of the INSPIRA™ ART100 device, ensuring rapid response capabilities in case of increased demand.
As global health authorities monitor the hMPV outbreak, Inspira™ believes that it is well-positioned to meet potential increased demand for advanced respiratory support systems. Inspira is working closely with suppliers to secure necessary raw materials and components to meet potential demand spikes. The Company is following the hMPV situation globally and working to adjust production plans as needed.
“While hMPV is not a new virus, and experts indicate the current outbreak is part of normal seasonal patterns, Inspira believes in being prepared,” said Dagi Ben-Noon, CEO of Inspira. “Our increased production capacity will help ensure healthcare providers have access to vital respiratory care equipment should the need arise.”
Inspira emphasizes that its preparedness measures are precautionary and align with the Company’s commitment to global health readiness. The Company will work closely with health authorities in affected regions and adjust its plans based on the evolving situation.
Inspira™ Technologies OXY B.H.N. Ltd.
Inspira Technologies is an innovative medical technology company in the life support and respiratory treatment arena. The Company has developed a breakthrough Augmented Respiration Technology (INSPIRA™ ART), a groundbreaking device poised to revolutionize the $19 billion mechanical ventilation market. With 20 million intensive care unit patients with acute respiratory failure each year, many of whom rely on mechanical ventilators, the INSPIRA ART offers a potential alternative by elevating and stabilizing decreasing oxygen saturation levels in minutes without a ventilator, with patients being awake during treatment. The INSPIRA ART is being equipped with a clip-on HYLA™ blood sensor, a real-time continuous blood monitoring technology, aiming to alert physicians of changes in a patient’s condition without the need for intermittent actual blood samples, aiming to support physicians in making informed decisions.
In June and July 2024, respectively, the Company’s INSPIRA™ ART100 system has obtained FDA 510(k) clearance for use in CBP procedures, along with the Israeli AMAR certification for both Extra-Corporeal Membrane Oxygenation and Cardiopulmonary Bypass procedures.
The Company’s other products and technologies, including the INSPIRA ART also known as the INSPIRA™ ART500 or Gen 2, the INSPIRA™ Cardi-ART portable modular device, VORTX™ Oxygen Delivery System, and HYLA™ blood sensor, are currently being designed and developed, and have not yet been tested or used in humans nor approved by any regulatory entity.
For more information, please visit our corporate website at https://inspira-technologies.com
Forward-Looking Statement Disclaimer This press release contains express or implied forward-looking statements pursuant to U.S. Federal securities laws. These forward-looking statements are based on the current expectations of the management of the Company only and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. For example, the Company is using forward-looking statements when it discusses the growing need for advanced respiratory care technologies and its ability to adjust its plans to rapidly respond in case of increased demand. These forward-looking statements and their implications are based solely on the current expectations of the Company’s management and are subject to a number of factors and uncertainties that could cause actual results to differ materially from those described in the forward-looking statements. Except as otherwise required by law, the Company undertakes no obligation to publicly release any revisions to these forward-looking statements to reflect events or circumstances after the date hereof or to reflect the occurrence of unanticipated events. More detailed information about the risks and uncertainties affecting the Company is contained under the heading “Risk Factors” in the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2023, filed with the U.S. Securities and Exchange Commission (the “SEC”), which is available on the SEC’s website at www.sec.gov.
Contact: Inspira Technologies – Media Relations
Email: info@inspirao2.com
Phone: +972-9-9664485
MRK-ARS-113
Copyright © 2018-2025 Inspira Technologies OXY B.H.N. LTD., All rights reserved.
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SOURCE Inspira Technologies
ChipMOS EXPECTS 6.3% FULL YEAR 2024 REVENUE GROWTH, WITH A 5.4% YoY DECEMBER 2024 REVENUE DECLINE AND A 5.7% YoY 4Q24 REVENUE DECLINE
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