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The aviation MRO community to gather live for first time in months at Aviation Week Network’s 25th Annual MRO Americas

Event taking place September 1-3 in Dallas, Featured Speakers include American Airlines CEO Doug Parker

NEW YORK, June 11, 2020 (GLOBE NEWSWIRE) — September will mark the first time in months that the aviation maintenance, repair and overhaul (MRO) industry will gather live, as airline and industry leaders come together for the 25th Annual Aviation Week Network’s MRO Americas (#MROAM). The conference and exhibition is taking place September 1-3 at the Kay Bailey Hutchison Convention Center in Dallas, Texas, and is co-located with the Military Aviation Logistics & Maintenance Symposium.

The conference will address the pandemic crisis and how the industry is moving forward and building resiliency. MRO Americas will be organized in accordance with Informa’s AllSecure health and safety standard. As the world’s leading events’ organizer, Informa developed a detailed set of enhanced measures to provide the highest levels of hygiene and safety at its events, providing everyone with reassurance and confidence they are participating in a safe and controlled environment. MRO Americas has planned for an optimally safe environment from the moment attendees check-in at registration to the closing of the show floor. A comprehensive plan can be found at mroamericas.aviationweek.com/en/plan-your-visit/keeping-you-safe.html

“MRO Americas plays an integral role in our customers’ business operations.  Here as we approach the 25th MRO Americas, we are inspired by how the industry has pulled together to support each other.  Our attendees and exhibitors are enthusiastic about the upcoming event and for their first opportunity to reconnect with customers in person,” said Lydia Janow, Managing Director, Events, for Aviation Week Network.

The agenda will reflect current issues and confirmed speakers include Doug Parker, CEO of American Airlines; John Holmes, President and CEO of AAR; and other top industry officials.  See here for the current agenda.

Conference subjects will include:

  • Airline Keynote:  A Fireside Chat with Doug Parker, CEO of American Airlines
  • Industry in Crisis: How to Build Resiliency in Your Business In the Midst of a Global Pandemic
  • MRO Industry Outlook In A Time Of Crisis
  • The Big Three:  Engines Updates with speakers from Pratt & Whitney, GE Aviation and Rolls Royce
  • Improving 2-Way Data Sharing Between Operators and Maintenance Providers
  • MRO IT System Modernization
  • Embracing the Diverse Future
  • MRO Manpower in a New Era
  • Digital Ecosystem

MRO Americas will also include complimentary sessions open to all attendees:

  • Mixed Reality in MRO – How Emerging Technologies are Shaping the Next Decade of MRO, hosted by EmpowerMX
  • Paperless MRO – Leveraging ERP Software in the Aviation Aftermarket Space, taking place in the “Go Live Theatre” on the exhibition floor, and hosted by Component Control
  • Enabling Community Aircraft Data Sharing with Airlines Trust and Control, taking place in the “Go Live Theatre” and hosted by SITA FOR AIRCRAFT

The Military Aviation Logistics & Maintenance Symposium, supported by the Logistics Officers Association (LOA) is designed to bring “best practices” from commercial and military operations together.  Featured speakers include Steven Morani, Assistant Secretary of Defense for Materiel Readiness; Bruce Litchfield, VP & GM Sustainment Operations, Lockheed Martin Aeronautics Company; Roberto Guerrero, Deputy Assistant Secretary of the Air Force, Operational Energy, U.S. Air Force; Captain Mark Nieto, Commanding Officer, Fleet Readiness Center East, U.S. Navy; and more.  See here for an agenda.

The exhibition hall hours are Wednesday, September 2 from 9:30 a.m. to 6:30 p.m. and Thursday, September 3 from 9 a.m. to 4 p.m.   See here for a full list of exhibitors.

MRO Americas is supported by our sponsors.  Diamond Sponsors are Collins Aerospace, GA Telesis, and Pratt & Whitney; Platinum Sponsors are AirbusChromalloyGE AviationHEICOLufthansa Technik, MRO Holdings, MTU MaintenanceRhinestahl CTS, SafranSatairStandardAeroTriumph Group, Inc., and United Technical Operations.

To register for MRO Americas see here.

ABOUT AVIATION WEEK NETWORK
Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defense industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world’s leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising is helping our customers succeed.  Aviation Week Network is part of Informa Markets, a division of Informa PLC.

ABOUT INFORMA MARKETS
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

CONTACT:  Elizabeth Kelley Grace
561.702.7471
Elizabeth@thebuzzagency.net

The aviation MRO community to gather live for first time in months at Aviation Week Network’s 25th Annual MRO Americas

Event taking place September 1-3 in Dallas, Featured Speakers include American Airlines CEO Doug Parker

NEW YORK, June 11, 2020 (GLOBE NEWSWIRE) — September will mark the first time in months that the aviation maintenance, repair and overhaul (MRO) industry will gather live, as airline and industry leaders come together for the 25th Annual Aviation Week Network’s MRO Americas (#MROAM). The conference and exhibition is taking place September 1-3 at the Kay Bailey Hutchison Convention Center in Dallas, Texas, and is co-located with the Military Aviation Logistics & Maintenance Symposium.

The conference will address the pandemic crisis and how the industry is moving forward and building resiliency. MRO Americas will be organized in accordance with Informa’s AllSecure health and safety standard. As the world’s leading events’ organizer, Informa developed a detailed set of enhanced measures to provide the highest levels of hygiene and safety at its events, providing everyone with reassurance and confidence they are participating in a safe and controlled environment. MRO Americas has planned for an optimally safe environment from the moment attendees check-in at registration to the closing of the show floor. A comprehensive plan can be found at mroamericas.aviationweek.com/en/plan-your-visit/keeping-you-safe.html

“MRO Americas plays an integral role in our customers’ business operations.  Here as we approach the 25th MRO Americas, we are inspired by how the industry has pulled together to support each other.  Our attendees and exhibitors are enthusiastic about the upcoming event and for their first opportunity to reconnect with customers in person,” said Lydia Janow, Managing Director, Events, for Aviation Week Network.

The agenda will reflect current issues and confirmed speakers include Doug Parker, CEO of American Airlines; John Holmes, President and CEO of AAR; and other top industry officials.  See here for the current agenda.

Conference subjects will include:

  • Airline Keynote:  A Fireside Chat with Doug Parker, CEO of American Airlines
  • Industry in Crisis: How to Build Resiliency in Your Business In the Midst of a Global Pandemic
  • MRO Industry Outlook In A Time Of Crisis
  • The Big Three:  Engines Updates with speakers from Pratt & Whitney, GE Aviation and Rolls Royce
  • Improving 2-Way Data Sharing Between Operators and Maintenance Providers
  • MRO IT System Modernization
  • Embracing the Diverse Future
  • MRO Manpower in a New Era
  • Digital Ecosystem

MRO Americas will also include complimentary sessions open to all attendees:

  • Mixed Reality in MRO – How Emerging Technologies are Shaping the Next Decade of MRO, hosted by EmpowerMX
  • Paperless MRO – Leveraging ERP Software in the Aviation Aftermarket Space, taking place in the “Go Live Theatre” on the exhibition floor, and hosted by Component Control
  • Enabling Community Aircraft Data Sharing with Airlines Trust and Control, taking place in the “Go Live Theatre” and hosted by SITA FOR AIRCRAFT

The Military Aviation Logistics & Maintenance Symposium, supported by the Logistics Officers Association (LOA) is designed to bring “best practices” from commercial and military operations together.  Featured speakers include Steven Morani, Assistant Secretary of Defense for Materiel Readiness; Bruce Litchfield, VP & GM Sustainment Operations, Lockheed Martin Aeronautics Company; Roberto Guerrero, Deputy Assistant Secretary of the Air Force, Operational Energy, U.S. Air Force; Captain Mark Nieto, Commanding Officer, Fleet Readiness Center East, U.S. Navy; and more.  See here for an agenda.

The exhibition hall hours are Wednesday, September 2 from 9:30 a.m. to 6:30 p.m. and Thursday, September 3 from 9 a.m. to 4 p.m.   See here for a full list of exhibitors.

MRO Americas is supported by our sponsors.  Diamond Sponsors are Collins Aerospace, GA Telesis, and Pratt & Whitney; Platinum Sponsors are AirbusChromalloyGE AviationHEICOLufthansa Technik, MRO Holdings, MTU MaintenanceRhinestahl CTS, SafranSatairStandardAeroTriumph Group, Inc., and United Technical Operations.

To register for MRO Americas see here.

ABOUT AVIATION WEEK NETWORK
Aviation Week Network is the largest multimedia information and services provider for the global aviation, aerospace, and defense industries, serving 1.7 million professionals around the world. Industry professionals rely on Aviation Week Network to help them understand the market, make decisions, predict trends, and connect with people and business opportunities. Customers include the world’s leading aerospace manufacturers and suppliers, airlines, airports, business aviation operators, militaries, governments and other organizations that serve this worldwide marketplace. Aviation Week Network’s portfolio delivers award-winning journalism, data, intelligence and analytical resources, world-class tradeshows and conferences, and results-driven marketing services and advertising is helping our customers succeed.  Aviation Week Network is part of Informa Markets, a division of Informa PLC.

ABOUT INFORMA MARKETS
Informa Markets creates platforms for industries and specialist markets to trade, innovate and grow. Our portfolio is comprised of more than 550 international B2B events and brands in markets including Healthcare & Pharmaceuticals, Infrastructure, Construction & Real Estate, Fashion & Apparel, Hospitality, Food & Beverage, and Health & Nutrition, among others. We provide customers and partners around the globe with opportunities to engage, experience and do business through face-to-face exhibitions, specialist digital content and actionable data solutions. As the world’s leading exhibitions organiser, we bring a diverse range of specialist markets to life, unlocking opportunities and helping them to thrive 365 days of the year. For more information, please visit www.informamarkets.com.

CONTACT:  Elizabeth Kelley Grace
561.702.7471
Elizabeth@thebuzzagency.net

Radient Technologies Inc. Announces bioU Products Are Now Available at Medical Cannabis by Shoppers and Completion of Previously Announced Debt Settlement and Shares for Services

EDMONTON, Alberta, June 11, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, announces that its recently launched bioU branded products are now available through Medical Cannabis by Shoppers, a subsidiary of Shoppers Drug Mart Inc.

The bioU brand was created exclusively for Medical Cannabis by Shoppers and is now available across Canada. bioU products have been scientifically designed by Radient to provide a high quality, consistent, broad spectrum oil formulations to medical users. The first series of products to launch is the USpray line of extracts which come in a convenient, precise dosage oral spray format. A CBD dominate (1:20 ratio of THC:CBD) and balanced formulation (1:1 ratio of THC:CBD) are now available, with a THC dominate formula (30:1 ratio of THC:CBD) expected shortly.

The Company has also received the approval from the TSX Venture Exchange (the “TSXV”) for a series of shares for debt agreements with various of its creditors, which was previously announced in a press release dated May 8, 2020 under the terms and conditions noted below.

The Company has issued 6,716,252 units to a number of third-party creditors in exchange for the settlement of $1,108,182 owed by the Company to such creditors. Each unit has a deemed value of $0.165 per unit and each unit includes one share and one-half of one common share purchase warrant. Each whole warrant will have a term of 24 months and will be exercisable at $0.30 for one Radient common share.

The Company has also issued 382,691 common shares to a third-party creditor in exchange for the settlement of $63,144 owed by the Company to such creditor. Additionally, the Company has issued 841,585 common shares to certain officers and directors in exchange for the settlement of $138,861 owed by the Company to such individuals. The Radient shares issued under these agreements have a deemed value of $0.165 per share.

Securities issued under the above arrangements are subject to a 4 month statutory hold period.

Shares for Services:

The Company issued common shares to third-party consultants for services provided, pursuant to the shares for service agreement previously approved by the TSXV. The common shares were issued at the TSXV 15-day VWAP share price as follows:

  • January: 236,098 common shares at CAD $0.36
  • February: 220,529 common shares at CAD $0.38
  • March: 449,451 common shares at CAD $0.19
  • April: 733,668 common shares at CAD $0.16
  • May: 615,240 common shares at CAD $0.19

About Radient
Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

Contact: Investor Relations: ir@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding completion of the shares for debt arrangements, shares for services arrangements, sales of bioU products and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

TeraRecon AI Products Adopt SymphonyAI Eureka Brand Recognizing AI Technology Synergies

TeraRecon EnvoyAI and Northstar technologies are renamed with SymphonyAI Group shared branding in the next step toward connecting B2B systems of intelligence for improved care.

DURHAM, N.C., June 11, 2020 (GLOBE NEWSWIRE) — TeraRecon, a leader in advanced visualization and enterprise-level artificial intelligence (AI) solutions, today announced the rebranding of its AI solutions to introduce customers to SymphonyAI portfolio synergies. In leveraging the shared Eureka AI technology brand of its parent, TeraRecon opens the door to new collaborative offerings including unsupervised machine learning and curated patient data.

TeraRecon VP Marketing Lindsay Fleming said, “TeraRecon has become a well-known brand synonymous with clinical precision and physician satisfaction over its 22-year history. As healthcare providers move into an era of pragmatic AI adoption, they want simple, capable solutions with strong companies behind them. Through the Eureka brand and the technological advances it represents, TeraRecon can now uniquely support this mission.”

TeraRecon’s formerly named EnvoyAI platform and AI marketplace was introduced in 2017, quickly becoming the most widely recognized AI platform in medical imaging. EnvoyAI was named the 2018 Best New Vendor by Aunt Minnie. Additionally, the former Northstar AI Results Explorer was introduced in the summer of 2018 and nominated for Best New Software in the following year. EnvoyAI and Northstar names will be retired and both solutions will carry the new Eureka moniker as part of the transition. These technologies remain the foundation of TeraRecon’s AI portfolio and are now part of a greater tech ecosystem.

About TeraRecon: TeraRecon is a leader in medical advanced visualization and artificial intelligence solutions. Their flagship product, Intuition, is the 2020 KLAS category leader for advanced visualization. Recently acquired by SymphonyAI Group, TeraRecon is one of seven portfolio companies and is strategically focused on AI-driven innovation in healthcare. The company continues to innovate ahead of customer demand and has most recently developed sophisticated healthcare-focused artificial intelligence platform solutions unlike any in the world today. As a company with a 20-year history of innovation, TeraRecon’s mission is to continuously redefine medical advanced visualization and leverage artificial intelligence to improve patient care. Website: www.terarecon.com

About SymphonyAI Group: SymphonyAI Group is the fastest-growing private group of B2B AI companies, backed by a $1 billion commitment to deliver next-generation AI solutions for transforming the enterprise. SymphonyAI Group addresses use cases in healthcare and life sciences, retail and CPG, industrial manufacturing, energy, oil & gas, media and entertainment, defense, and financial services. Since its founding in 2017, SymphonyAI Group has grown rapidly to a group of seven companies with a combined revenue run rate of more than $300 million. Over 2,000 talented leaders, data scientists, and other professionals operate the group under the leadership of one of Silicon Valley’s most successful serial entrepreneurs, Dr. Romesh Wadhwani. Website: www.symphonyai.com

Contact Marketing at info@terarecon.com and 650.372.1100

Radient Technologies Inc. Announces bioU Products Are Now Available at Medical Cannabis by Shoppers and Completion of Previously Announced Debt Settlement and Shares for Services

EDMONTON, Alberta, June 11, 2020 (GLOBE NEWSWIRE) — Radient Technologies Inc. (“Radient” or the “Company”) (TSX Venture: RTI; OTCQX: RDDTF), a global commercial manufacturer of high quality cannabinoid-based ingredients, formulations and products, announces that its recently launched bioU branded products are now available through Medical Cannabis by Shoppers, a subsidiary of Shoppers Drug Mart Inc.

The bioU brand was created exclusively for Medical Cannabis by Shoppers and is now available across Canada. bioU products have been scientifically designed by Radient to provide a high quality, consistent, broad spectrum oil formulations to medical users. The first series of products to launch is the USpray line of extracts which come in a convenient, precise dosage oral spray format. A CBD dominate (1:20 ratio of THC:CBD) and balanced formulation (1:1 ratio of THC:CBD) are now available, with a THC dominate formula (30:1 ratio of THC:CBD) expected shortly.

The Company has also received the approval from the TSX Venture Exchange (the “TSXV”) for a series of shares for debt agreements with various of its creditors, which was previously announced in a press release dated May 8, 2020 under the terms and conditions noted below.

The Company has issued 6,716,252 units to a number of third-party creditors in exchange for the settlement of $1,108,182 owed by the Company to such creditors. Each unit has a deemed value of $0.165 per unit and each unit includes one share and one-half of one common share purchase warrant. Each whole warrant will have a term of 24 months and will be exercisable at $0.30 for one Radient common share.

The Company has also issued 382,691 common shares to a third-party creditor in exchange for the settlement of $63,144 owed by the Company to such creditor. Additionally, the Company has issued 841,585 common shares to certain officers and directors in exchange for the settlement of $138,861 owed by the Company to such individuals. The Radient shares issued under these agreements have a deemed value of $0.165 per share.

Securities issued under the above arrangements are subject to a 4 month statutory hold period.

Shares for Services:

The Company issued common shares to third-party consultants for services provided, pursuant to the shares for service agreement previously approved by the TSXV. The common shares were issued at the TSXV 15-day VWAP share price as follows:

  • January: 236,098 common shares at CAD $0.36
  • February: 220,529 common shares at CAD $0.38
  • March: 449,451 common shares at CAD $0.19
  • April: 733,668 common shares at CAD $0.16
  • May: 615,240 common shares at CAD $0.19

About Radient
Radient Technologies is a commercial manufacturer of high quality cannabinoid based formulations, ingredients and products. Utilizing a proprietary extraction and downstream processing platform that recovers up to 99% of cannabinoids from the cannabis plant, Radient develops specialty products and ingredients that contain a broad range of cannabinoid and terpene profiles while meeting the highest standards of quality and safety. Please visit www.radientinc.com for more information.

SOURCE: Radient Technologies Inc.

Contact: Investor Relations: ir@radientinc.com

Forward Looking Information:
This press release contains “forward-looking information” within the meaning of applicable Canadian securities legislation. Forward-looking information includes, without limitation, statements regarding completion of the shares for debt arrangements, shares for services arrangements, sales of bioU products and the Company’s future plans. Generally, forward-looking information can be identified by the use of forward-looking terminology such as “plans”, “expects” or “does not expect”, “is expected”, “budget”, “scheduled”, “estimates”, “forecasts”, “intends”, “anticipates” or “does not anticipate”, or “believes”, or variations of such words and phrases or state that certain actions, events or results “may”, “could”, “would”, “might” or “will be taken”, “occur” or “be achieved”. Forward-looking information is subject to known and unknown risks, uncertainties and other factors that may cause the actual results, level of activity, performance or achievements of Radient, as the case may be, to be materially different from those expressed or implied by such forward-looking information. Although Radient has attempted to identify important factors that could cause actual results to differ materially from those contained in forward-looking information, there may be other factors that cause results not to be as anticipated, estimated or intended. There can be no assurance that such information will prove to be accurate, as actual results and future events could differ materially from those anticipated in such statements. Accordingly, readers should not place undue reliance on forward-looking information. Radient does not undertake to update any forward-looking information, except in accordance with applicable securities laws.

NEITHER THE TSX VENTURE EXCHANGE NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSX VENTURE EXCHANGE) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE.

TeraRecon AI Products Adopt SymphonyAI Eureka Brand Recognizing AI Technology Synergies

TeraRecon EnvoyAI and Northstar technologies are renamed with SymphonyAI Group shared branding in the next step toward connecting B2B systems of intelligence for improved care.

DURHAM, N.C., June 11, 2020 (GLOBE NEWSWIRE) — TeraRecon, a leader in advanced visualization and enterprise-level artificial intelligence (AI) solutions, today announced the rebranding of its AI solutions to introduce customers to SymphonyAI portfolio synergies. In leveraging the shared Eureka AI technology brand of its parent, TeraRecon opens the door to new collaborative offerings including unsupervised machine learning and curated patient data.

TeraRecon VP Marketing Lindsay Fleming said, “TeraRecon has become a well-known brand synonymous with clinical precision and physician satisfaction over its 22-year history. As healthcare providers move into an era of pragmatic AI adoption, they want simple, capable solutions with strong companies behind them. Through the Eureka brand and the technological advances it represents, TeraRecon can now uniquely support this mission.”

TeraRecon’s formerly named EnvoyAI platform and AI marketplace was introduced in 2017, quickly becoming the most widely recognized AI platform in medical imaging. EnvoyAI was named the 2018 Best New Vendor by Aunt Minnie. Additionally, the former Northstar AI Results Explorer was introduced in the summer of 2018 and nominated for Best New Software in the following year. EnvoyAI and Northstar names will be retired and both solutions will carry the new Eureka moniker as part of the transition. These technologies remain the foundation of TeraRecon’s AI portfolio and are now part of a greater tech ecosystem.

About TeraRecon: TeraRecon is a leader in medical advanced visualization and artificial intelligence solutions. Their flagship product, Intuition, is the 2020 KLAS category leader for advanced visualization. Recently acquired by SymphonyAI Group, TeraRecon is one of seven portfolio companies and is strategically focused on AI-driven innovation in healthcare. The company continues to innovate ahead of customer demand and has most recently developed sophisticated healthcare-focused artificial intelligence platform solutions unlike any in the world today. As a company with a 20-year history of innovation, TeraRecon’s mission is to continuously redefine medical advanced visualization and leverage artificial intelligence to improve patient care. Website: www.terarecon.com

About SymphonyAI Group: SymphonyAI Group is the fastest-growing private group of B2B AI companies, backed by a $1 billion commitment to deliver next-generation AI solutions for transforming the enterprise. SymphonyAI Group addresses use cases in healthcare and life sciences, retail and CPG, industrial manufacturing, energy, oil & gas, media and entertainment, defense, and financial services. Since its founding in 2017, SymphonyAI Group has grown rapidly to a group of seven companies with a combined revenue run rate of more than $300 million. Over 2,000 talented leaders, data scientists, and other professionals operate the group under the leadership of one of Silicon Valley’s most successful serial entrepreneurs, Dr. Romesh Wadhwani. Website: www.symphonyai.com

Contact Marketing at info@terarecon.com and 650.372.1100

Philips Lumify handheld ultrasound solution launched in Japan to enable powerful diagnostics at the bedside

June 11, 2020

  • Philips’ Lumify handheld diagnostic ultrasound solution with telehealth capabilities meets the demands of Japan’s changing healthcare demographics
  • Optional Lumify with Reacts capability adds tele-ultrasound to enable healthcare professionals to remotely collaborate and exchange expert advice during diagnosis
  • Solution also recognized for benefit to humankind by IEEE Spectrum

Amsterdam, the Netherlands – Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, today announced that its Lumify with Reacts handheld tele-ultrasound solution is now commercially available in Japan. Philips has received clearance from Japan’s healthcare authority to introduce the ultrasound solution for compatible handheld devices [1] in the world’s third largest healthcare market after the US and China. Launched in Japan with a novel subscription model unique in the industry, Philips’ tele-ultrasound solution aims to make high-quality portable ultrasound available almost everywhere in the country.

Improving the diagnostic imaging experience for patients and staff
Japan’s declining birthrate and aging population makes the need for medical diagnostic equipment that can adapt to these changing demographics more relevant than ever. The portability of Lumify brings a powerful portable diagnostic solution to care professionals in the hospital, enabling them to use ultrasound imaging for bedside diagnosis and to monitor medical conditions. Additionally, Lumify can be easily taken to community settings at the point of care, helping to reduce the need for elderly people to travel to hospitals in Japan’s larger cities.

“By bringing diagnostic insight to the point of care, Lumify is a great example of how Philips is supporting providers to deliver on the ambition of the ‘quadruple aim’ in healthcare: better health outcomes, an improved experience for patients and staff, and a lower cost of care,” said Matthijs Groot Wassink, General Manager for Access and Obstetric Ultrasound at Philips. “Its transducer connects to a smart device such as a tablet, making it a compact and highly durable solution. In addition, by utilizing Philips’ Lumify with Reacts capability, real-time ultrasound images can be shared between medical staff involved in collaboration during imaging procedures.”

Highly versatile, app-based mobile ultrasound
Lumify is a highly versatile solution primarily intended for use in places where quick and easy access to diagnostic ultrasound imaging is required. Its portability and ruggedness make it suitable for point-of-care use both in hospitals and in places like ambulances, doctor’s offices, and patients’ homes during GP visits. It is also used in remote community healthcare programs such as mother & childcare projects being rolled out by Philips and the Philips Foundation in Africa. In addition to allowing clinicians to remotely collaborate by sharing ultrasound images in real time, Lumify’s tele-ultrasound capabilities (Lumify with Reacts) can also be used in medical student and healthcare worker remote training programs.

Philips is a leader in ultrasound solutions with a large global installed base and a strong track record of industry-first innovations in areas such as 3D imaging of the heart, AI-powered quantification tools, and ultra-mobile portable ultrasound solutions. Its ultrasound portfolio supports the effective and efficient delivery of care across a broad range of clinical specialties including radiology, cardiology, point-of-care and obstetrics/gynecology.

Mobilizing Philips’ resources to combat COVID-19
Handheld and portable ultrasound solutions in particular have become valuable tools for clinicians treating COVID-19 patients due to their imaging capabilities, portability and ease of disinfection. Philips ultrasound solutions have been approved in various markets for the management of COVID-19-related lung and cardiac complications, including in Australia, Brazil, Canada, the EU, New Zealand and the US.

Philips has a comprehensive portfolio of services and solutions which can help to support the delivery of high-quality care to COVID-19 patients. It includes secure, connected and intelligent approaches to diagnosis, treatment and predictive monitoring in the hospital, plus screening, remote patient monitoring and care at home. With healthcare under more pressure than ever before, Philips’ telehealth and AI-enabled data analytics can help support workflows, facilitate remote collaboration and optimize resources. Philips’ COVID-19-related solutions are designed for rapid deployment and scalability. For more information on how Philips is addressing COVID-19 globally, please visit the Philips centralized COVID-19 hub.

Lumify awarded for benefit to humankind
Today, Philips also announced that Lumify has received the 2020 IEEE Spectrum Technology in the Service of Society Award as the technology having the greatest potential to provide the most overall benefit to humankind.

For information on Philips’ ultrasound solutions, visit https://www.usa.philips.com/healthcare/solutions/ultrasound

[1] In Japan, the local health authority has approved Lumify for use with Panasonic’s medical-grade handheld devices.

For further information, please contact:

Hans Driessen
Philips Global Press Office
Tel.: +31 6 10 61 04 17
E-mail: hans.driessen@philips.com

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people’s health and enabling better outcomes across the health continuum from healthy living and prevention, to diagnosis, treatment and home care. Philips leverages advanced technology and deep clinical and consumer insights to deliver integrated solutions. Headquartered in the Netherlands, the company is a leader in diagnostic imaging, image-guided therapy, patient monitoring and health informatics, as well as in consumer health and home care. Philips generated 2019 sales of EUR 19.5 billion and employs approximately 81,000 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

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