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CELLTREAT® SCIENTIFIC PRODUCTS ACQUIRES BREWSTER PLASTICS

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Acquisition Drives Company’s Continued Expansion of Lab Consumables Plastics Production

AYER, Mass. and PATTERSON, N.Y., Nov. 13, 2024 /PRNewswire/ — CELLTREAT® Scientific Products (“CELLTREAT”) today is excited to welcome Brewster Plastics into the CELLTREAT portfolio. Brewster Plastics is a leading US-based injection molding manufacturer of precision plastics. This addition strengthens CELLTREAT’s commitment to expanding its domestic production capabilities, expediting delivery times, and improving product quality for its valued customers.

Acquisition Drives CELLTREAT’s Continued Expansion of Lab Consumables Plastics Production

The newly acquired Brewster Plastics’ state-of-the-art facility, located in Patterson, NY, encompasses 72,000 square feet of advanced production capacity. Brewster Plastics’ operations will be consolidated with CELLTREAT’s existing subsidiary, VistaLab™ Technologies, to create a dynamic hub for lab consumables and plastics production. The combined operations will significantly increase production efficiency, allowing CELLTREAT to continue to deliver exceptional value to life science and research professionals.

“We’re thrilled to expand our plastics production of lab consumables in the U.S.,” noted Rich Happell, President of CELLTREAT. “Brewster Plastics is an outstanding addition to the CELLTREAT family, and this move will enable us to enhance manufacturing efficiency and improve delivery times for our customers.”

The consolidation of VistaLab and Brewster Plastics at the Patterson, NY facility is a key component of CELLTREAT’s growth strategy, creating a robust manufacturing center focused on innovation and scalability in laboratory plastic consumables. The combined operations are poised to drive new developments in lab plastics that will streamline workflows and support scientists and researchers in their day-to-day work.

About CELLTREAT® Scientific Products

CELLTREAT Scientific Products is dedicated to manufacturing unique, high-quality laboratory plastic consumables, providing significant savings compared to alternative brands. CELLTREAT incorporates user-friendly features into its product line to improve research efficiency, performance, and handling. Known for exceptional personalized service, CELLTREAT consistently challenges the status quo to exceed customer expectations.

About VistaLab™ Technologies

VistaLab Technologies leads the field in ergonomic liquid handling solutions with its innovative pipetting systems, including Ovation® pipettes and the ali-Q™ series. VistaLab products are designed to enhance lab productivity while ensuring comfort and accuracy in everyday pipetting tasks. Manufactured in the U.S., VistaLab consumables include Wobble-not™ serological pipets, pipette tips, and premium reagent reservoirs, trusted by scientists worldwide.

About Brewster Plastics

Brewster Plastics is a U.S.-based manufacturer specializing in precision plastic products for a wide range of industries. Known for its advanced capabilities and commitment to quality, Brewster Plastics brings expertise and state-of-the-art technology to its plastic production processes, making it a strong addition to CELLTREAT’s expanding portfolio of lab consumables.

Media Contact:
Heidi Boie, Goodwin Consulting (508) 846-5307
heidi@goodwin-consulting.com

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SOURCE CELLTREAT

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Canaan Inc. Closes Series A-1 Preferred Shares Financing

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SINGAPORE, Nov. 26, 2024 /PRNewswire/ — Canaan Inc. (NASDAQ: CAN) (“Canaan” or the “Company”), a leading high-performance computing solutions provider, today announced that it has closed the previously announced Series A-1 preferred shares financing (the “Preferred Shares Financing”), raising total gross proceeds of US$30 million

On November 19, 2024, the Company entered into a securities purchase agreement (“Securities Purchase Agreement”) with an institutional investor (the “Buyer”), pursuant to which the Company agreed to issue and sell to the Buyer 30,000 Series A-1 Convertible Preferred Shares (the “Preferred Shares”) at the price of US$1,000.00 for each Preferred Share.

The foregoing description does not purport to be complete and is qualified in its entirety by reference to the full text of the Company’s current report on Form 6-K dated November 20, 2024 announcing the execution of the Securities Purchase Agreement.

This press release is for informational purposes only and is not an offer to sell or a solicitation of an offer to buy any securities, which is made only by means of a prospectus supplement and related prospectus. There will be no sale of these securities in any jurisdiction in which such an offer, solicitation of an offer to buy or sale would be unlawful.

About Canaan Inc.

Established in 2013, Canaan Inc. (NASDAQ: CAN), is a technology company focusing on ASIC high-performance computing chip design, chip research and development, computing equipment production, and software services. Canaan has extensive experience in chip design and streamlined production in the ASIC field. In 2013, Canaan’s founding team shipped to its customers the world’s first batch of mining machines incorporating ASIC technology in bitcoin‘s history under the brand name Avalon. In 2019, Canaan completed its initial public offering on the Nasdaq Global Market. To learn more about Canaan, please visit https://www.canaan.io/.

Safe Harbor Statement

This press release contains forward−looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. These forward−looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates” and similar statements. Among other things, Canaan Inc.’s anticipated financing plans and its intended use of proceeds contain forward−looking statements. Canaan Inc. may also make written or oral forward−looking statements in its periodic reports to the U.S. Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases and other written materials and in oral statements made by its officers, directors or employees to third parties. Statements that are not historical facts, including statements about Canaan Inc.’s beliefs and expectations, are forward−looking statements. Forward−looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition and results of operations; the expected growth of the bitcoin industry and the price of bitcoin; the Company’s expectations regarding demand for and market acceptance of its products, especially its bitcoin mining machines; the Company’s expectations regarding maintaining and strengthening its relationships with production partners and customers; the Company’s investment plans and strategies, fluctuations in the Company’s quarterly operating results; competition in its industry; and relevant government policies and regulations relating to the Company and cryptocurrency. Further information regarding these and other risks is included in the Company’s filings with the SEC. All information provided in this press release and in the attachments is as of the date of this press release, and Canaan Inc. does not undertake any obligation to update any forward−looking statement, except as required under applicable law.

Investor Relations Contact

Canaan Inc.
Xi Zhang
Email: IR@canaan-creative.com

ICR, LLC.
Robin Yang
Tel: +1 (347) 396-3281
Email: canaan.ir@icrinc.com

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SOURCE Canaan Inc.

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Hisense Launches End-of-Year Sale Across the GCC Featuring Exclusive Surprises

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DUBAI, UAE, Nov. 26, 2024 /PRNewswire/ — Hisense, a global leader in consumer electronics and home appliances, is excited to announce its “Unlocked for Exclusive Surprises” End-of-Year Sale across the GCC region. Running until December 5, 2024, this highly anticipated campaign provides consumers with the opportunity to elevate their homes with cutting-edge technology and stylish appliances.

 

 

The campaign showcases Hisense’s wide range of premium products, designed to enhance entertainment and home living. From advanced TVs and projectors to innovative appliances, the sale promises incredible value and unmatched quality for GCC shoppers.

Entertainment reaches new heights with the C1 Mini Projector, a compact yet powerful companion that delivers stunning visuals and sharp detail. Its sleek design combines immersive entertainment and portability, making it ideal for any space.

The ULED MiniLED U7 sets a new standard for home entertainment, offering vibrant colors, precise contrast, and AI Sports Mode for seamless motion handling. This TV is perfect for gaming, sports, and streaming enthusiasts, with IMAX Enhanced certification and Multi-Channel Surround Sound delivering a cinematic experience at home.

Cinema magic comes to life with the 100L9H Laser TV, featuring a 100-inch TriChroma™ display with Dolby Vision and ultra-bright 4K resolution. Every scene bursts to life with vivid detail and clarity, making it an exceptional choice for movie nights and sports events.

Advanced cooling technology is at the heart of the Super Cooling Series Refrigerator, ensuring groceries remain fresh longer. With energy-efficient features and precise temperature control, this appliance combines functionality with modern convenience.

The RQ759 Smart PureFlat Refrigerator blends style and innovation, featuring spacious interiors, a sleek flat-door design, and smart cooling systems that elevate both aesthetics and practicality in contemporary kitchens.

Laundry becomes smarter and more efficient with the 7S Smart Series Washing Machine, offering intuitive controls and eco-friendly features for faster, seamless cleaning cycles.

Even the toughest cleaning challenges are met with the Smart Dishwasher HS673C90BME, a high-performance appliance featuring advanced washing cycles, energy-efficient operation, and a sleek design that complements modern kitchens.

Available Across the GCC

The “Unlocked for Exclusive Surprises” End-of-Year Sale is available across the GCC region, providing consumers with access to Hisense’s premium products. These cutting-edge offerings are available at leading retailers such as Carrefour, Sharaf DG, and Lulu, as well as online platforms like Amazon.ae and Noon.com.

About Hisense

Hisense, established in 1969, is a global leader in home appliances and consumer electronics operating in over 160 countries. Specialising in multimedia, home appliances, and IT solutions, Hisense prioritises integrity, innovation, and sustainability.

With over 50 years of expertise, Hisense offers top-quality products, exceptional after-sales services, and extensive warranties. The company pioneers cutting-edge technologies such as the Laser TV, ULED Local Dimming Backlight Control and chip technology, developing 8K ultra high-definition display chips, TV SoC chips, and AI chips. Beyond consumer electronics, Hisense excels in B2B industries such as intelligent transportation, medical technology, and optical modules.

Hisense proudly owns and has acquired renowned brands, including Toshiba TV, gorenje, Kelon, Ronshen, and ASKO, solidifying its position in the market. As a sponsor of major sporting events, Hisense has been associated with events such as FIFA World Cup Qatar 2022™, UEFA EURO 2020™ and UEFA EURO 2024™, and clubs such as Paris Saint-Germain. In 2024, Hisense further strengthened its sports partnerships by forming a strategic alliance with Real Madrid focused on the MEA region, highlighting its commitment to excellence and innovation.

With 34 industrial parks, 26 R&D centres and 66 overseas companies, Hisense continues to lead the industry with a diverse range of products. With regional headquarters in Dubai, UAE, and 5 offices across the MENA region, Hisense ensures efficient manufacturing, innovation, and distribution, to meet the evolving needs of consumers in the market. Stay updated with all the latest developments on the website: https://hisenseme.com/

Photo: https://mma.prnewswire.com/media/2567582/Hisense_Middle_East.jpg

 

View original content:https://www.prnewswire.co.uk/news-releases/hisense-launches-end-of-year-sale-across-the-gcc-featuring-exclusive-surprises-302316352.html

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Locus Robotics Promotes Denis Niezgoda to Chief Commercial Officer of International

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Strategic appointment to accelerate international growth, enhance customer engagement, and drive market expansion across EMEA and APAC regions

WILMINGTON, Mass. and AMSTERDAM, Nov. 26, 2024 /PRNewswire/ — Locus Robotics, a global leader in warehouse automation for supply chain and fulfillment warehouse automation, is pleased to announce the promotion of Denis Niezgoda to Chief Commercial Officer (CCO) of International. Locus Robotics is poised for the next phase of growth, driven by the increasing demand for versatile, scalable automation solutions in the global supply chain. Niezgoda’s promotion underscores the company’s focus on delivering advanced, end-to-end warehouse automation solutions through the LocusOne platform, enabling businesses to meet complex operational challenges and achieve sustainable growth.

“Denis’s promotion marks an exciting step forward for Locus Robotics as we continue to expand our presence in international markets,” said Rick Faulk, CEO of Locus Robotics. “His leadership and vision have been instrumental in driving success across EMEA and APAC. As we look to the future, Denis’s strategic insight and proven ability to align commercial efforts will help us deliver even greater value to our customers and partners worldwide.

In his expanded role, Niezgoda will lead initiatives to capture untapped opportunities, strengthen partnerships, and ensure seamless alignment across all commercial functions. He will focus on reinforcing Locus’s position as the go-to provider of adaptable warehouse automation, highlighting the unmatched versatility, scalability, and flexibility of its solutions.

“I’m thrilled to step into this new role during such an exciting time for Locus Robotics,” said Denis Niezgoda, Chief Commercial Officer, International. “Our ability to empower businesses with innovative, scalable solutions has set us apart in the industry. I look forward to building on our momentum, driving market expansion, and supporting our customers and partners in navigating the future of warehouse automation.”

Locus Robotics has achieved significant milestones in its global growth strategy, including deploying over 15,000 robots across 350+ sites in 20+ countries, enabling businesses to enhance productivity and adapt to evolving market demands. With Niezgoda’s leadership, the company is positioned to further extend its reach, innovate with customer-centric solutions, and redefine automation in the supply chain and fulfillment sectors.

For more information about Locus Robotics and its solutions for warehouse automation, please visit www.locusrobotics.com.

About Locus Robotics
Locus Robotics is the global leader in adaptable, scalable AI-powered warehouse automation solutions, transforming fulfillment operations for top brands worldwide. With over 15,000 robots deployed across 350+ sites in 20+ countries, Locus delivers unmatched flexibility and productivity. The LocusOne platform integrates seamlessly with existing systems, offering dynamic scalability through a Robots-as-a-Service (RaaS) model. Committed to innovation, compliance, and sustainability, Locus’s multi-award winning solution empowers businesses to meet today’s supply chain challenges while preparing for the future.

Contact: Kary Zate, kzate@locusrobotics.com

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SOURCE Locus Robotics

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