Connect with us

Technology

FemTech Leaders Willow and Elvie Unite to Advance the Next Revolution in Maternal Health

Published

on

Willow acquires Elvie to develop a global multi-category platform offering a diverse range of maternal solutions

SAN FRANCISCO, March 28, 2025 /PRNewswire/ — Willow Innovations, Inc. (Willow), the FemTech leader that revolutionized the breast pumping experience by inventing the first fully in-bra wearable breast pump, announced today its acquisition of Elvie, the leading U.K. FemTech innovator in women’s health and well-being. The transaction unites Willow’s award-winning product portfolio and invention leadership in medical device technology with Elvie’s broad portfolio of trusted products, including breast pumps, smart pelvic tools, and sleep solutions. Together, Willow and Elvie create a scaled maternal health platform with two iconic brands, a diversified product portfolio, global distribution, and efficient operations.

Sarah O’Leary, CEO of Willow, said: “Our goal is to elevate the maternal experience with inventive solutions to support and empower mothers. Acquiring Elvie, a deeply respected innovator in the women’s health category, puts us in a leadership position to continue innovating for moms and drive meaningful, global advancements in women’s and maternal health. We are thrilled to welcome the Elvie brand to the Willow family.” 

“We are happy that the much-loved Elvie brand – with its iconic products and innovation – will continue its journey under Willow’s guidance. Elvie has always been committed to dismantling the stigma surrounding women’s health and bringing innovative technology to women, and we are pleased that Elvie and Willow can now continue to tell that story together,” said Karim Abdel-Ghaffar Plaza, Director, Elvie.

In 2017, Willow introduced the innovative, fully in-bra wearable breast pump technology to the market, creating a new category and reimagining what it meant for moms to pump on their own terms. Since this breakthrough innovation first became available to moms in 2017, the wearable breast pump category has grown to now represent 57% of the breast pump market in the United States1.

“Willow and Elvie have a shared history of disrupting tired categories with women-first innovation, and advocating for women and mothers. We’re excited to continue this work together, knowing that our teams share the belief that moms deserve better –  better technology, better support, and better health outcomes,” said O’Leary.

Elvie and Willow will continue to operate with a deep commitment to their customers, ensuring every mom has continued access to support and care.

Solomon Partners served as financial advisor to Willow Innovations on the transaction.

“The Consumer Healthtech market is poised for continued growth, and this strategic transaction further solidifies Willow’s position as a scaled leader in the fragmented category,” said Solomon Partners Director Eric Bormel.

Orrick, Herrington & Sutcliffe, LLP served as legal counsel to Willow in connection with the transaction.

About Willow
Rated #1 in Customer Satisfaction among breast pumps, Willow Innovations, Inc. revolutionized the pumping experience by inventing the first fully in-bra wearable breast pump in 2017.  Today, Willow is elevating the maternal experience, offering mothers an expanded product portfolio of innovative technology,  feeding solutions, breast care, and a gateway to broader maternal care and wellness.

Visit onewillow.com to learn more, and join the supportive Willow community on Instagram and Facebook.

About Elvie
Elvie develops innovative smart technology products to revolutionize health and well-being – with a focus on supporting women through the postpartum period of matrescence. Bringing together a team of world-class engineers, designers, and business minds to develop extraordinary products that improve lives, Elvie is revolutionizing categories that have been overlooked for many years, including breast pumping, pelvic floor health, and sleep health.

Elvie’s products harness the power of innovative, smart technology to relieve, unburden, and support the life-changing process of becoming a parent.

For more information, visit elvie.com.

1 Circana Market & Retailer Insights, Sell-Through Data, 2024

Logo – https://mma.prnewswire.com/media/2365261/Willow_Logo.jpg 

View original content:https://www.prnewswire.co.uk/news-releases/femtech-leaders-willow-and-elvie-unite-to-advance-the-next-revolution-in-maternal-health-302414520.html

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Technology

GrayMatters Health Expands Mental Health Solutions Portfolio with Launch of Prism™ Suite

Published

on

By

Innovative Prism™ Platform Now Includes Protocol for Patients with Depression 

NEW YORK, May 15, 2025 /PRNewswire/ — GrayMatters Health (GMH), the pioneers in mental health treatment through digital brain biomarkers, today announced the launch of Prism™ Suite, a comprehensive, next-generation portfolio of solutions designed to empower providers and enhance patient outcomes. Building on the success of the FDA cleared Prism™ for PTSD, the newly expanded suite now includes a Depression protocol, further broadening GMH’s impact on the mental health landscape.

Powered by the world’s first fMRI-informed digital biomarkers, Prism™ is reshaping how providers guide patients on their mental health journey. The latest innovation within the portfolio is a Depression protocol that guides patients to learn to regulate brain activity associated with their depression using a reward-system biomarker.

“It is exciting to see novel interventions that use fMRI-Informed biomarkers to connect to brain systems,” commented Linda Carpenter, MD, Professor of Psychiatry and Human Behavior at Brown University and Director of the Neuromodulation Research Facility at Butler Hospital. “We anticipate that Prism targeting the reward-system biomarker will provide a personalized and effective care option for patients living with depression syndromes characterized by anhedonia.”

In interactive sessions, patients explore mental strategies to increase the level of the reward-system biomarker and get the animated character in the simulation to go out and do an activity. The results of the Depression pilot study, published in Brain Sciences, demonstrated reduction in depressive symptoms in 78% of participants (HDRS) with a large effect size on anhedonia symptoms (SHAPS-C).

“With the addition of the Depression protocol, we’re opening the door for even more patients to benefit from a personalized experience that can become a skill for daily life,” said Oded Kraft, CEO and co-founder of GrayMatters Health. “By harnessing the power of the brain, we’re giving mental healthcare providers tools to guide their patients to meaningful, measurable progress.”

To complement the patient experience, Prism™ Suite also features a robust set of features for providers to monitor patient progress and provide insights as to the patient experience to improve engagement. The Insights tool delivers data-driven analysis of each patient’s performance as well as suggested topics for discussion to guide their Prism experience.

GMH’s revolutionary technology is built on its proprietary EEG-fMRI-Pattern (EFP) digital biomarkers, developed using advanced machine learning to map high-resolution fMRI data from deep brain regions onto EEG signals. The company’s award-winning, FDA-cleared treatment for PTSD is helping patients learn to self-regulate brain activity associated with PTSD using an amygdala-based biomarker at clinics in California, Connecticut, Florida, Georgia, Illinois, Massachusetts, New York, North Dakota, Pennsylvania, Rhode Island, Texas and Washington.

To learn more about Prism™, visit https://www.graymatters-health.com/.

About GrayMatters Health
GrayMatters Health (GMH)  is a mental health technology company developing and marketing an interventional psychiatry suite of solutions powered by digital fMRI-Informed biomarkers. Prism™ self-neuromodulation empowers patients to develop personal mental strategies to regulate brain activity associated with their disorder in the clinic and in their daily lives.

The company is collaborating with leading mental health institutions to research and evaluate Prism for additional psychiatric disorders. GMH’s core patented technology has been extensively researched and featured across peer-reviewed publications, led by Professor Talma Hendler, MD, PhD and her team at Tel Aviv University.

Learn more by visiting our website https://graymatters-health.com and following us on LinkedIn.

Media Contact:
5W Public Relations
GrayMatters@5wpr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/graymatters-health-expands-mental-health-solutions-portfolio-with-launch-of-prism-suite-302456552.html

SOURCE GrayMatters Health

Continue Reading

Technology

JX Luxventure Group Soars with 57% Revenue Surge and Sustained Profitability in FY 2024 Results

Published

on

By

HAIKOU, China, May 15, 2025 /PRNewswire/ — JX Luxventure Group Inc. (Nasdaq: JXG) (the “Company”), a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as  providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products, today announced financial results for the fiscal year ended December 31, 2024. 

Financial Highlights for the full year ended December 31, 2024:

Revenue: The Company reported revenue of $49,840,288, an increase of $17,999,700 from $31,840,588 in 2023, representing a significant year-over-year growth of 57%.

Profit: Gross profit reached $8,352,316, up $2,895,947 from $5,456,369 in 2023, reflecting a robust year-over-year increase of 53%. Net profit was $3,073,807, a modest increase of $30,028 from $3,043,779 in 2023, marking a year-over-year growth of 1%.

Ms. Sun “Ice” Lei, Chief Executive Officer of the Company commented: “Our 2024 financial results demonstrate the strength and foresight of our three-year turnaround strategy, launched in 2020. This year’s strong performance, driven by significant revenue and gross profit growth, highlights our team’s dedication to operational excellence and strategic market expansion. Achieving a net profit of $3.07 million reflects our ability to sustain profitability while navigating the dynamic wholesale trade and tourism sectors with financial discipline.

Looking ahead, we are poised to capitalize on this momentum, continuing to innovate and expand our global presence. Our team is committed to delivering transformative growth while maintaining profitability, and we are confident in our strategy to drive long-term value for our stakeholders in the years to come.”

About JX Luxventure Group Inc.

Headquartered in Haikou, China, JX Luxventure Group Inc. is a company in the wholesale trade sector specializing in duty-free and cross-border consumer goods, as well as providing integrated solutions in wholesale trade, including logistics, supply chain management, and technology solutions to support the efficient distribution of tourism-related products.  To learn more about the Company, please visit its corporate website at https://www.jxluxventure.com/en/

Safe Harbor Statement

This press release may contain certain “forward-looking statements” relating to the business of JX Luxventure Group Inc., and its subsidiary companies. All statements, other than statements of historical fact included herein, are “forward-looking statements” in nature within the meaning of the Private Securities Litigation Reform Act of 1995. These forward-looking statements, often identified by the use of forward-looking terminology such as “believes,” “expects” or similar expressions, involve known and unknown risks and uncertainties. Although the Company believes that the expectations reflected in these forward-looking statements are reasonable, they do involve assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. The Company’s actual results could differ materially from those anticipated in these forward-looking statements as a result of a variety of factors, including those discussed in the Company’s periodic reports that are filed with the Securities and Exchange Commission and available on its website (http://www.sec.gov). All forward-looking statements attributable to the Company or persons acting on its behalf are expressly qualified in their entirety by these factors. Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements.

View original content:https://www.prnewswire.com/news-releases/jx-luxventure-group-soars-with-57-revenue-surge-and-sustained-profitability-in-fy-2024-results-302455234.html

SOURCE JX Luxventure Group INC.

Continue Reading

Technology

MicroTech Secures Major Contract with Government Printing Office to Provide On-Site Federal Print Managed Services

Published

on

By

RESTON, Va., May 15, 2025 /PRNewswire/ — MicroTech, a leading provider of innovative IT solutions, proudly announces its latest achievement: a contract award from the Government Printing Office (GPO) under the esteemed D951-M program. This win authorizes MicroTech to deliver comprehensive managed print services, including printing, scanning, document conversion, mail equipment, fax server solutions, fleet management, and managed print services, to federal agencies both within the Continental United States (CONUS) and Outside the Continental United States (OCONUS).

A Monumental Milestone: Over 200 Task Orders and $400 Million in Awards
This contract expands MicroTech’s federal sector presence and builds on a legacy of success with the 951-M program. With over 200 task orders issued for services such as equipment supply, digitization, personnel management, and maintenance, MicroTech has become a trusted provider for federal agencies. Each task order typically exceeds $2 million, with the program’s cumulative value estimated at over $400 million, a figure that continues to grow.

Proven Federal Excellence
Since 2003, MicroTech has earned a reputation for delivering cost-effective, scalable solutions to both civilian and defense agencies. From print document services to IT asset management and enterprise mail systems, MicroTech consistently meets the unique needs of federal clients. Leveraging a strong network of partners, the company utilizes both leased and procured equipment to maximize efficiency and ensure top-tier service delivery.

The 951-M Program: A Federal Cornerstone
Now in its 19th year, the 951-M Umbrella Contract averages 20 task orders annually, each valued at over $2 million. It remains a vital resource for federal operational efficiency and cost-effectiveness. As the program evolves, MicroTech remains committed to providing innovative, reliable solutions that support the US Government’s mission.

“We are honored to support the mission-critical operations of our federal partners through this significant contract award,” said Tony Jimenez, President & CEO of MicroTech. “This reflects our ongoing commitment to excellence, innovation, and service reliability in managed print services across the public sector.”

About MicroTech
Founded in 2004, MicroTech is a Service-Disabled Veteran-Owned Small Business (SDVOSB) and Minority Business Enterprise (MBE) certified by the SBA and NMSDC. Recognized as a top Hispanic business and award-winning IT Managed Service Provider, MicroTech delivers solutions in Cyber Security, Cloud Computing, Infrastructure Services, Professional Engineering, Network Integration, Leasing/Financial Services, and Unified Communications. The company holds key certifications, including ISO 9001, 20000, 27001, 20243, CMMI Level 3 (Services & Development), and CMMC Level 2, as verified by a Certified Third-Party Assessment Organization (C3PAO), ensuring excellence in IT and advanced technology solutions.

Contact:
Jennifer Berman
jberman@microtech.net 

View original content:https://www.prnewswire.com/news-releases/microtech-secures-major-contract-with-government-printing-office-to-provide-on-site-federal-print-managed-services-302456669.html

SOURCE MicroTech

Continue Reading

Trending