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Crocus Technology Enhances Accuracy of Energy Metering Solutions

TMR Sensor Reference Design with Digital Output Simplifies Implementation

Crocus’ Reference Design Kit Enables High Accuracy Performance for Energy Metering Solutions

Crocus Reference Design Kit for Power Measurement

MILPITAS, Calif., May 24, 2022 (GLOBE NEWSWIRE) — Crocus Technology Inc., developer of XtremeSense® TMR sensors, today announced the release of a high accuracy energy metering solution with isolated current sensing and a digital output. The solution is capable of measuring power, voltage and current while providing 1,820 VPK isolation in AC or DC applications. The result is a smaller and more efficient design without the use of large current transformers. The solution is ideal for a range of smart devices such as power supply monitors, electric vehicle chargers, household appliances, motor control and smart lighting.

The solution consists of the Crocus’ CT430 TMR isolated current sensor, Microchip’s ATtiny426 microcontroller, Printed Circuit Board (PCB), design files, microcontroller firmware, Bill of Materials (BoM) list, user guide and relevant support for designing a fully functional power monitoring solution. The design solution has been verified to accurately read and quantize the voltage and current values prior to calculating the instantaneous and Root Mean Square (RMS) power components, active and reactive power, as well as power factor. These power values are stored in registers which can be accessed by an external microcontroller via the SPI interface. By offloading the design effort of measuring and calculating power, the Crocus metering solution simplifies the addition of metering capabilities to any smart device.

The key to precise power measurements is the CT430 current sensor which provides better than 1% current measurement accuracy over the -40°C to +125°C operating range. It is available in a small 16-lead SOIC-Wide package, eliminating the need for bulky current transformers and allowing for more compact designs. The CT430 solution can also be customized with different bus interfaces such as I2C, SENT and CAN. By leveraging the solution, manufacturers and designers can quickly develop accurate and compact power monitoring capabilities for their products. See the figure below for the system diagram of the Crocus reference design kit for power measurements.

“Being able to accurately measure power and communicate this data within a system continues to be a challenge for designers,” said Tim Kaske Crocus Vice President, Sales & Marketing. “The Crocus solution with the CT430 current sensor provides improved accuracy over existing magnetic sensor based designs. With a validated design solution and a 12-week lead-time, OEM design customers are able to quickly integrate the energy metering solution into their end products.”

Design files required for manufacturing or customizing this power meter PCB are available for download. https://crocus-technology.com/powermeter/.

Also available for download is the AN136 CT430 Power Measurement Module user guide, https://www.crocus-technology.com/wp-content/uploads/2022/05/AN136-CT430-Power-Measurement-Module-Rev0.0.pdf.

About Crocus Technology

Crocus Technology develops and manufactures state-of-the-art magnetic sensors based on its patented XtremeSense® TMR sensor technology. Crocus’ disruptive magnetic sensor technology brings significant advancements to IoT and smart devices, industrial, consumer, medical, and automotive electronics applications demanding high accuracy, high resolution, stable temperature performance, and low power consumption. Crocus is headquartered in Milpitas, California. To learn more about Crocus Technology and its leading-edge TMR technology, please visit www.crocus-technology.com.

For more information, please contact:

Crocus Technology
Email: info@crocus-technology.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/f66b8a85-82f7-4bd2-892b-6e901877f1d6

Crocus Technology ช่วยเพิ่มความแม่นยำของโซลูชันการวัดพลังงาน

การออกแบบการอ้างอิงเซ็นเซอร์ TMR พร้อมเอาต์พุตดิจิตอลช่วยลดความยุ่งยากในการใช้งาน

Crocus’ Reference Design Kit Enables High Accuracy Performance for Energy Metering Solutions

Crocus Reference Design Kit for Power Measurement

มิลพีทัส, แคลิฟอร์เนีย, May 24, 2022 (GLOBE NEWSWIRE) — Crocus Technology Inc. ผู้พัฒนาเซนเซอร์ XtremeSense® TMR ในวันนี้ได้ประกาศเปิดตัวโซลูชันการวัดพลังงานที่มีความแม่นยำสูงพร้อมการตรวจจับกระแสไฟแบบแยกและเอาต์พุตดิจิทัล โซลูชันนี้สามารถวัดกำลังไฟฟ้า แรงดันไฟฟ้า และกระแสไฟฟ้าได้ ในขณะที่ให้การแยกแรงดันไฟฟ้า 1,820 VPK  ในแอปพลิเคชัน AC หรือ DC ผลที่ได้คือการออกแบบที่เล็กลงและมีประสิทธิภาพมากขึ้นโดยไม่ต้องใช้หม้อแปลงกระแสขนาดใหญ่ โซลูชันนี้เหมาะสำหรับอุปกรณ์อัจฉริยะหลายประเภท เช่น ภาคจ่ายไฟมอนิเตอร์ ที่ชาร์จในรถยนต์ไฟฟ้า เครื่องใช้ในครัวเรือน การควบคุมมอเตอร์ และแสงสว่างอัจฉริยะ

โซลูชันนี้ประกอบด้วยเซ็นเซอร์กระแสไฟแบบแยก CT430 TMR ของ Crocus, ไมโครคอนโทรลเลอร์ ATtiny426 ของไมโครชิป, แผ่นวงจรพิมพ์ (PCB), ไฟล์การออกแบบ, เฟิร์มแวร์ไมโครคอนโทรลเลอร์, รายการส่วนประกอบหรือสูตรการผลิต (Bill of Materials หรือ BoM) คู่มือผู้ใช้ และการสนับสนุนที่เกี่ยวข้องสำหรับการออกแบบโซลูชันการตรวจสอบกำลังไฟฟ้าที่ทำงานได้อย่างสมบูรณ์ โซลูชันการออกแบบได้รับการตรวจสอบแล้วว่าสามารถอ่านและหาค่าแรงดันและกระแสไฟฟ้า อีกทั้งยังสามารถอ่านและหาค่ากระแสไฟฟ้าก่อนที่จะคำนวณองค์ประกอบกำลังไฟฟ้าชั่วขณะและค่าเฉลี่ยกำลังสอง (RMS) กำลังไฟฟ้าแบบแอคทีฟและรีแอกทีฟ ตลอดจนค่าตัวประกอบกำลังไฟฟ้า (Power Factor) ได้อย่างแม่นยำ ค่ากำลังไฟฟ้าเหล่านี้ได้รับการเก็บไว้ในรีจิสเตอร์ซึ่งสามารถเข้าถึงได้โดยไมโครคอนโทรลเลอร์ภายนอกผ่านอินเทอร์เฟซ SPI การลดภาระการออกแบบในการวัดและคำนวณกำลังไฟฟ้านี้เองที่ทำให้โซลูชันการวัดของ Crocus ช่วยลดความยุ่งยากในการเพิ่มความสามารถในการวัดให้กับอุปกรณ์อัจฉริยะใดๆ

กุญแจสำคัญในการวัดกำลังไฟฟ้าที่แม่นยำคือเซ็นเซอร์กระแสไฟฟ้า CT430 ซึ่งให้ความแม่นยำในการวัดกระแสไฟฟ้าได้ดีมากกว่า 1% ในช่วงการทำงาน -40°C ถึง 125°C โดยเซ็นเซอร์ดังกล่าวมีอยู่ในแพ็คเกจ 16-lead SOIC-Wide ขนาดเล็ก ซึ่งทำให้ไม่จำเป็นต้องใช้หม้อแปลงกระแสขนาดใหญ่และช่วยให้มีการออกแบบที่กะทัดรัดยิ่งขึ้น โซลูชัน CT430 ยังสามารถปรับแต่งด้วยอินเทอร์เฟซบัสต่างๆ เช่น I2C, SENT และ CAN ได้อีกด้วย ผู้ผลิตและนักออกแบบสามารถพัฒนาความสามารถในการตรวจสอบกำลังไฟฟ้าที่แม่นยำและกะทัดรัดสำหรับผลิตภัณฑ์ของตนได้อย่างรวดเร็วด้วยการใช้ประโยชน์จากโซลูชันนี้ โปรดดูรูปด้านล่างสำหรับไดอะแกรมระบบของชุดออกแบบการอ้างอิงของ Crocus สำหรับการวัดกำลังไฟฟ้า

Tim Kaske Crocus รองประธานฝ่ายขายและการตลาดกล่าวว่า “ความสามารถในการวัดกำลังไฟฟ้าได้อย่างแม่นยำและการสื่อสารข้อมูลนี้ภายในระบบยังคงเป็นความท้าทายสำหรับนักออกแบบ” “โซลูชัน Crocus พร้อมเซ็นเซอร์กระแสไฟฟ้า CT430 ให้ความแม่นยำที่ดีขึ้นกว่าการออกแบบที่ใช้เซ็นเซอร์แม่เหล็กที่มีอยู่  ด้วยโซลูชันการออกแบบที่ผ่านการรับรองและช่วงเวลานำการผลิต 12 สัปดาห์นี้ ทำให้ลูกค้าที่ออกแบบ OEM สามารถผสานรวมโซลูชันการวัดพลังงานเข้ากับผลิตภัณฑ์ขั้นสุดท้ายได้อย่างรวดเร็ว”

ไฟล์การออกแบบต่างๆ ที่จำเป็นสำหรับการผลิตหรือปรับแต่งแผ่นวงจรพิมพ์ (PCB) มิเตอร์วัดพลังงานไฟฟ้านี้สามารถดาวน์โหลดได้ที่ https://crocus-technology.com/powermeter/

นอกจากนี้ยังสามารถดาวน์โหลดคู่มือผู้ใช้โมดูลการวัดกำลังไฟฟ้า AN136 CT430 ได้ที่ https://www.crocus-technology.com/wp-content/uploads/2022/05/AN136-CT430-Power-Measurement-Module-Rev0.0.pdf

เกี่ยวกับ Crocus Technology

Crocus Technology พัฒนาและผลิตเซ็นเซอร์แม่เหล็กอันล้ำสมัยโดยใช้เทคโนโลยีเซ็นเซอร์ XtremeSense® TMR ที่จดสิทธิบัตร เทคโนโลยีเซ็นเซอร์แบบแม่เหล็กที่ทันสมัยของ Crocus นำความก้าวหน้าครั้งสำคัญมาสู่ IoT และอุปกรณ์อัจฉริยะ อุตสาหกรรม ผู้บริโภค การแพทย์ และการใช้งานด้านอิเล็กทรอนิกส์สำหรับยานยนต์ที่ต้องการความแม่นยำสูง ความละเอียดสูง ประสิทธิภาพอุณหภูมิที่มีเสถียรภาพ และการใช้พลังงานต่ำ Crocus มีสำนักงานใหญ่อยู่ที่เมืองมิลพีทัส รัฐแคลิฟอร์เนีย หากต้องการเรียนรู้เพิ่มเติมเกี่ยวกับ Crocus Technology และเทคโนโลยี TMR ระดับแนวหน้า โปรดไปที่ www.crocus-technology.com

สำหรับรายละเอียดเพิ่มเติม โปรดติดต่อ:

Crocus Technology
อีเมล: info@crocus-technology.com

รูปภาพประกอบของการแถลงนี้สามารถรับชมได้ที่ https://www.globenewswire.com/NewsRoom/AttachmentNg/f66b8a85-82f7-4bd2-892b-6e901877f1d6

N2WS Announces Major Enhancements for N2WS Backup and Recovery Version 4.1, Now Available in AWS Marketplace

N2WS Backup & Recovery for AWS

N2WS Backup & Recovery for AWS

WEST PALM BEACH, Fla., May 24, 2022 (GLOBE NEWSWIRE) — N2WS (N2W Software, Inc.) announces the immediate availability of N2WS Backup and Recovery version 4.1. This release includes major enhancements and new integrations to further protect workloads running on Amazon Web Services (AWS), including SAP HANA and Amazon FSx for NetApp ONTAP.

N2WS supports business continuity by providing a simple backup and recovery solution that leverages cloud-native technologies to ensure that cloud workloads are available and always recoverable. N2WS customers further benefit by always maintaining complete sovereignty and control of their data.

“We’ve been using N2WS to meet and exceed customer requirements for the past several years,” said Lee Blakely at Reliable Penguin, a Managed Services Provider (MSP), and N2WS and AWS customer. “Now that N2WS has released immutable backup support, among other key features, we’ve been able to add another layer of critical data protection for our customers, especially when it comes to ransomware concerns.”

“Since 2012, our goal at N2WS has been to provide peace of mind by offering our customers the easiest way to backup and recover their AWS workloads and data,” said Uri Wolloch, CTO at N2W Software. “That means we’re very responsive to the needs of our customers. And the new features of this release, like SAP HANA backup and copy Amazon RDS for PostgreSQL to Amazon Simple Storage Service (S3), were developed to support our customers who use those technologies on AWS and want a simple, streamlined solution to ensure 100% availability.”

“Customers are increasingly running business-critical workloads on AWS to gain benefits of scale, accessibility, and security,” said Mona Chadha, Director, AWS Marketplace, Amazon Web Services (AWS). “Workloads like SAP HANA or native AWS services like Amazon RDS and Amazon FSx for NetApp ONTAP are essential to business operations and require comprehensive backup and recovery solutions like N2WS to better ensure business continuity and data protection. With exclusive availability in AWS Marketplace, N2WS also makes it easy for customers to adopt and deploy their solution on AWS.”

N2WS version 4.1 breakout features include:

ENHANCED in Data Protection
Ensure resiliency and protection of data backups with immutable backups stored in Amazon Simple Storage Service (Amazon S3). This adds another layer of protection against ransomware, malicious attacks, and accidental deletions of critical customer data stored in Amazon S3. Use N2WS to ensure that these immutable backups cannot be deleted until the specified governance period ends. Even in the case of an account-level compromise, backup data will remain immutable from change or deletion.

NEW in Database Backup
N2WS announces native support to protect SAP HANA running on AWS. Customers that deploy SAP HANA on AWS can streamline backup orchestration of SAP HANA in-memory database to Amazon S3. With N2WS, SAP administrators can recover SAP HANA instances and databases to a production state within minutes. Administrators can meet organizational data protection goals by automating cross-region disaster recovery for SAP HANA and create immutable SAP HANA backups using the NEW N2WS support of Amazon S3 Object Lock. This benefits customers that run SAP HANA on AWS with an easy-to-implement and easy-to-use backup and recovery tool.

NEW in Data Lifecycle Management
Customers are continuing to adopt Amazon Relational Database Service (Amazon RDS) for critical workloads within an organization. Often these workloads come with strict mandates for data retention that could be cost-prohibitive without a data lifecycle plan in place. N2WS now offers comprehensive backup, disaster recovery and data lifecycle management for Amazon RDS databases running the MySQL or PostgreSQL engines. With N2WS, you can archive Amazon RDS databases to Amazon S3, Amazon S3 Glacier, or Amazon S3 Glacier Deep Archive and rehydrate archived databases back to a production state within minutes.

ENHANCED Virtual Private Cloud (VPC) Capture and Clone
N2WS focuses on making sure that customer workloads are always available and accessible. But, to truly guarantee availability of data, network infrastructure needs to be protected and recoverable as well. Now, with N2WS Backup & Recovery, customers can protect additional VPC entities, including Transit Gateway, Customer Gateway, VPN Gateway, site-to-site VPN connections. Restore VPC entities, security groups, and network settings to previous states and clone to other AWS regions or AWS accounts — ensuring that data and network infrastructure is always protected from downtime or outages.

NEW Support for Amazon FSx for NetApp ONTAP
N2WS announces backup and recovery support for Amazon FSx for NetApp ONTAP in addition to existing support for Amazon FSx for Windows File Server and Amazon FSx for Lustre. Administrators can automate backups and easily monitor backup status for Amazon FSx services along with their other AWS services. With N2WS, admins can also orchestrate recovery of Amazon FSx along with other workload components like Amazon Transit Gateway and Amazon VPC settings as well as any other supporting servers, data, and metadata.

View the N2WS v4.1 Release Notes
https://support.n2ws.com/portal/en/kb/articles/release-notes-for-the-latest-v4-1-x-cpm-release

N2WS is only available in AWS Marketplace. N2WS version 4.1 is available for immediate upgrades and POC testing. Existing customers can get access to all the latest enhancements by simply upgrading their existing N2WS instance.

Install a trial of N2WS version 4.1 via AWS Marketplace
https://aws.amazon.com/marketplace/pp/prodview-pxz4fju4hwa4i

Press contact: info@n2ws.com 

About Reliable Penguin
Reliable Penguin provides managed web hosting, expert consulting, and migration services with over 20 years of experience and thousands of successful clients. Learn more at https://www.reliablepenguin.com/

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Azerion Holding B.V. and Azerion Group N.V. – Joint Press Release Publication of Azerion Holding B.V. Annual Report and Audited Financial Statements 2021

Amsterdam, 23 May 2022 – Azerion has published the annual report and audited financial results for the full year 2021 of Azerion Holding B.V. (Annual Report). The Annual Report can be found at azerion.com/investors

Co-CEO Atilla Aytekin said: “Publishing our Annual Report is an important milestone for Azerion, following our listing at Euronext Amsterdam earlier in 2022. We look forward to continuing the engagements with the capital markets on the back of our Annual Report and our first quarter 2022 results announcement, planned for the end of May.”
The Annual Report includes updated financial statements as compared to the preliminary unaudited financial results full year 2021 published on 28 February 2022. The updates to the figures are mainly associated with acquisition accounting, following the completion of the acquisition audits, as well as the accounting treatment of the business combination with European FinTech IPO Company 1 (EFIC1) that was completed on 1 February 2022, tax and the refinancing of the Company’s bonds in 2021.

In the income statement, operating profit was lower by approximately EUR 9.2 million as compared to the preliminary results 2021, while EBITDA increased by some EUR 1.8 million, mainly driven by higher depreciation and amortisation, as well as lower gains from currency translation effects. As a result, the loss after tax for the year was higher by approximately EUR 9.1 million, as compared to the preliminary results 2021.

The balance sheet’s assets increased by approximately EUR 15.8 million, mainly related to the completion of purchase price allocation of acquisitions. In addition, there was a reclassification of EUR 8.8 million associated with share appreciation rights related to acquisitions, from equity to other liabilities.

The cash flow statement was updated with reclassifications totalling some EUR 8.2 million comprising the pay-out of contingent consideration from cash flow from operating activities to cash flow from investing activities and the repayment of borrowings to former owners of acquired companies from cash flow from financing activities to cash flow from investing activities. In addition, there was a reclassification of approximately EUR 10.5 million associated with costs of early settlement of bonds from cash flow from operating activities to cash flow from financing activities.

The annual report and full year results of Azerion Holding B.V. cover the period from 1 January 2021 to 31 December 2021 and therefore relate to a period prior to the completion of the business combination between EFIC1 and Azerion Holding B.V. on 1 February 2022. The annual report and full year results 2021 for Azerion Holding B.V. do therefore not comprise any accounts or results of Azerion Group N.V. for 2021. The 2021 annual report and audited financial results for the full year 2021 of Azerion Group N.V., formerly known as EFIC1, can be found at azerion.com/investors.

Contacts

Investor Relations
ir@azerion.com

Media
press@azerion.com

Disclaimer

This is a joint press release from Azerion Group N.V. and Azerion Holding B.V. This communication may contain information that qualifies as inside information within the meaning of Article 7(1) of the EU Market Abuse Regulation.

The annual reports for the year 2021 for Azerion Holding B.V. and Azerion Group N.V. referenced in this press release may include forward looking statements. All statements other than statements of historical facts may be forward looking statements. Words and expressions such as believes, estimates, plans, projects, anticipates, expects, intends, may, will, should or other similar words or expressions are typically used to identify forward-looking statements. Forward-looking statements are subject to risks, uncertainties and other factors that are difficult to predict and that may cause the actual results of Azerion to differ materially from future results expressed or implied by such forward-looking statements. Any forward-looking statements reflect Azerion’s current views and assumptions based on information currently available to Azerion’s management. Forward looking statements speak only as of the date they are made, and Azerion does not assume any obligation to update such statements, except as required by law.

EV Technology Group Company, Moke France, Announces Collaboration With French Artist Quentin Monge

Willy Gruyelle (CEO of MOKE France), Quentin Monge (artist) and Wouter Witvoet (CEO and Founder of EV Technology Group)

TORONTO, May 24, 2022 (GLOBE NEWSWIRE) — EV Technology Group Ltd. (the “Company” or “EV Technology Group”) (NEO: EVTG, DE: B96A) announces today that its wholly owned subsidiary MOKE France SAS (“MOKE France”), will collaborate with renowned French artist, Quentin Monge.

To mark the collaboration, Quentin, who was born in the south of France, will be installing a series of digital and physical artworks, inspired by the heritage of the MOKE, bringing to life the charming, colourful and unique aesthetic of the brand. His work embodies the vibrant atmosphere of the Mediterranean, integrating nature, the coastline and the exclusive art-de-vivre of the region.

Quentin has previously been commissioned to work with many leading brands on a series of designs, including Hermés, Airbnb, Vespa and L’Occitane. For MOKE France, his installations will adorn the walls of the flagship store ‘Casa MOKE’ in Saint-Tropez, to bring the spirit of the brand to life. Customers will be transported by images portraying a typical day on vacation in the South of France. They will be able to purchase limited edition MOKE merchandise, designed specially by Quentin.

Willy Gruyelle (CEO of MOKE France), Quentin Monge (artist) and Wouter Witvoet (CEO and Founder of EV Technology Group)

Willy Gruyelle (CEO of MOKE France), Quentin Monge (artist) and Wouter Witvoet (CEO and Founder of EV Technology Group)

“We are delighted to work with Quentin Monge to help deepen the MOKE brand’s relationship with an aspirational and international audience. Quentin is an incredibly well-respected artist and we’re honoured to be unveiling his work this summer,” said Willy Gruyelle, CEO of MOKE France.

“In each flagship MOKE store we help open around the world, we will stay true to the authenticity of the MOKE brand – but invite in local cultural influences,” said Wouter Witvoet, EVT Group CEO. “Quentin is renowned globally and his work has a special resonance in France; we are delighted to have his artistic vision inspiring our first customers in France this Summer.”

“Growing up under the sunny colours of Provence, I’ve spent my childhood seeing people driving MOKEs to go to the beach. As an artist, I love minimalist brands that became more than what they were created for. That’s why it did not take me long to connect with the project: MOKE is more than a car, it’s a way of life!” said Quentin Monge.

EV Technology Group

EV Technology Group was founded in 2021 with the vision to electrify iconic brands – and the mission to redefine the joy of motoring for the electric age. By acquiring iconic brands and bringing beloved motoring experiences to the electric age, EV Technology Group is driving the EV revolution forward. Backed by a diversified team of passionate entrepreneurs, engineers and driving enthusiasts, EV Technology Group creates value for its customers by owning the total customer experience — acquiring and partnering with iconic brands with significant growth potential in unique markets, and controlling end-to-end capabilities. To learn more visit: https://evtgroup.com/

MOKE
MOKE and the MOKE logo are trademarks or registered trademarks of MOKE International Limited in the European Union and other territories. MOKE International Limited (“MOKE”), a company registered in England, is the only manufacturer of genuine MOKE vehicles worldwide. The mark was acquired from Casti S.p.A. and derives from the original 1964 British Motor Corporation registration. MOKE France is the official French licensee. For more information visit: https://mokeinternational.com

Media
Rachael D’Amore
rachael@talkshopmedia.com
+1519-564-9850

Investor Relations
Dave Gentry
dave@redchip.com
+14074914498

EV Technology Group
Wouter Witvoet
CEO and Chairman of the Board
wouter@evtgroup.com

Forward-Looking Information

This news release contains forward-looking statements including, but not limited to, MOKE France SAS and its collaboration with Quentin Monge, Casa MOKE and EV Technology Group operations, expectations, and future actions. Often, but not always, these Forward-looking Statements can be identified by the use of words such as “estimated”, “potential”, “open”, “future”, “assumed”, “projected”, “used”, “detailed”, “has been”, “gain”, “planned”, “reflecting”, “will”, “containing”, “remaining”, “to be”, or statements that events, “could” or “should” occur or be achieved and similar expressions, including negative variations.

Forward-looking statements involve known and unknown risks, uncertainties and other factors which may cause the actual results, performance or achievements of the Company to be materially different from any results, performance or achievements expressed or implied by the Forward-looking Statements, including those factors discussed under “Risk Factors” in the filing statement of the Company. Although the Company has attempted to identify important factors that could cause actual actions, events or results to differ materially from those described in Forward-looking Statements, there may be other factors that cause actions, events or results to differ from those anticipated, estimated or intended.

Forward-looking statements involve significant risk, uncertainties and assumptions. Many factors could cause actual results, performance or achievements to differ materially from the results discussed or implied in the forward-looking statements. These factors should be considered carefully and readers should not place undue reliance on the forward-looking statements. Although the forward-looking statements contained in this news release are based upon what management believes to be reasonable assumptions, the Company cannot assure readers that actual results will be consistent with these forward-looking statements. The forward-looking statements contained herein are made as of the date hereof and the Company disclaims any obligation to update any forward-looking statements, whether as a result of new information, future events or results or otherwise, except where required by law. There can be no assurance that these forward-looking statements 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 statements.

THE NEO STOCK EXCHANGE DOES NOT ACCEPT RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS RELEASE

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/a9e440cd-b639-4f7c-8b1e-4918cbcaa3e0

Hitachi launches Lumada Inspection Insights and strengthens digital and green portfolio

Committed to driving customer value and growth by combining world-class IT and OT expertise from Hitachi Energy and Hitachi Vantara within expanded Lumada portfolio

Zurich, Switzerland, May 23, 2022 (GLOBE NEWSWIRE) — Hitachi, Ltd. (TSE:6501) today announced the launch of Lumada Inspection Insights, its end-to-end portfolio of digital solutions for the inspection, monitoring, and optimization of critical assets. Pioneered by Hitachi Energy and Hitachi Vantara, Lumada Inspection Insights enables customers to automate asset inspection, support sustainability goals, improve physical security, and reduce risks and impacts related to storms or fires by using powerful artificial intelligence (AI) to analyze photographs and video, including LiDAR, thermal and satellite imagery.

The launch of the new portfolio is fully aligned with Hitachi’s Mid-term Management Plan 2024 announced last month by Keiji Kojima, President & CEO, Hitachi, Ltd. In the Plan, Hitachi has set out its growth strategy and commitment to strengthening its digital and green portfolio, which is centered on the Lumada ecosystem. Central to Hitachi’s commitment to social innovation, the Lumada ecosystem is accelerating the journey towards sustainable society through the data-driven cycle of value co-creation with customers. The company is also focused on growing its IT/OT/Products business through constant portfolio transformation.

The new Lumada Inspection Insights portfolio addresses various root causes of failures and forced shutdowns by deploying AI and machine learning (ML) to analyze a wide spectrum of image types, assets and risks. Predictive analytics assesses the risks to operations or environment, and organizations can streamline remediation before outages occur. Available as a comprehensive solution or standalone, the portfolio’s four core applications are Hitachi Image Based Inspections, Hitachi Intelligent Infrastructure Monitoring, Hitachi Vegetation Manager, and Hitachi Map. These represent the company’s latest advancements in its growing Data Operations (DataOps) and Industrial IoT offerings. More information on each solution is below.

Massimo Danieli, Managing Director of Hitachi Energy’s Grid Automation business, said, “The energy transition is one of the most urgent issues of our times and together with customers, we are co-creating pioneering digital solutions to enable the carbon-neutral future.” He added, “In collaboration with Hitachi Vantara, we are delighted to launch the Lumada Inspection Insights portfolio, which gives industrial organizations the tools they need to get the right information to the right teams when they need it most. The result is improved reliability, safety, and sustainability.”

Frank Antonysamy, Chief Digital Solutions Officer, Hitachi Vantara, said, “Becoming data driven is essential to accelerating digitalization and sustainability. This collaboration across Hitachi creates better outcomes for businesses, broader society and our environment by harnessing data and AI to solve multiple operational and business challenges. Together, we can improve industrial asset reliability, prevent wildfires and accelerate global sustainability efforts.”

Lumada Inspection Insights features comprehensive, microservices-based capabilities that allow visibility of assets and factors such as current state, asset health, and encroachment, in a “single pane of glass” actionable view, from a variety of sources. With these unified insights, organizations can improve safety, reliability, and agility. The use of high-resolution, autonomous, and accurate wide-area surveillance ensures that truck rolls and workforce deployments are optimized, reducing waste and furthering a sustainable approach to operations and maintenance.

Utilities around the world are dealing with unprecedented climate-related challenges. In 2021, global wildfires generated an estimated total of 6,450 megatons of COequivalent – approximately 148 percent more than the EU’s total fossil fuel emissions in 2020.*(1) These wildfires and other extreme weather events also take a significant toll on transmission lines and other utility assets, threatening worker safety and grid reliability.

*(1) Source: https://atmosphere.copernicus.eu/wildfires-wreaked-havoc-2021-cams-tracked-their-impact

“Inspection, planning and monitoring are among the most critical tasks utilities undertake to maintain grid reliability and resiliency,” said John Villali, Research Director, IDC Energy Insights. He added, “Lumada Inspection Insights combines a variety of visual asset data types with advanced analytics and AI. This empowers utilities to improve decision making, optimize operations and as a result, achieve their reliability, safety, and sustainability goals.”

Hitachi is exhibiting Lumada Inspection Insights at DISTRIBUTECH INTERNATIONAL 2022, which is held from May 23 at Dallas, Texas, United States.

Editor’s Notes

About the four main solutions comprising Lumada Inspection Insights

1. Hitachi Image Based Inspections (HIBI):

Conventional asset inspection methods, such as climbing tall towers or hanging from helicopters, put technicians at risk. Hitachi Image Based Inspections replaces these dangerous, expensive, and time-consuming approaches by leveraging the industry’s most sophisticated AI and machine learning (ML) capabilities in one fully automated and integrated platform. This solution provides scalable image inferencing and processing to help asset managers classify assets, detect defects and categorize defect severity. It automates defect assessment, instantly preprocessing and analyzing thousands of images. The solution’s highly optimized human-in-the-loop capabilities enable continuous retraining of model-based subject matter expert input for a wide range of asset classes and image quality.

2. Hitachi Intelligent Infrastructure Monitoring:

Utilities and other asset intensive organizations are challenged with the need to ensure that their service territories are safe and the service they provide is reliable. To meet this goal, utilities need to have insights to prevent safety incidents, or respond effectively when they happen. Hitachi Intelligent Infrastructure Monitoring leverages video, a powerful data type that is generally utilized to a fraction of its potential. With it, organizations can gather new data though smart cameras, 3D LiDAR sensors and edge gateways, and integrate with CRM, ERP, and other sources of data as required. Operators can gain granular, continuous 3D intelligence for sensitive areas (such as substations), find correlations, causations and real-time incidents.

3. Hitachi Vegetation Manager:

Hitachi Vegetation Manager is the first of its kind, closed-loop vegetation resource planning solution that leverages artificial intelligence and advanced analytics to improve the accuracy and effectiveness of an organization’s vegetation job activities and planning efforts.

The solution utilizes images from a variety of visual sources, including photo, video, and imagery from industry-leading Maxar satellites. The incorporation of satellite technology allows utilities to cover and survey their entire territory to automatically confirm line clearances and maintain compliance with regulations. Satellite technology also provides organizations with more comprehensive insights at scale, allowing them to reduce cost and emissions by minimizing truck and helicopter trips. By combining the images with climate, ecosystem and cut plan data and machine learning algorithms, Hitachi Vegetation Manager enables instant grid-wide visibility and better insights so that organizations can optimize decision-making.

4. Hitachi Map:

Hitachi Map is designed to be the primary interaction point for users, from field technicians looking for work orders in a specific area to a control center team managing a city-wide outage. It’s a “single pane of glass” from which users can access essential information, make informed decisions, and take immediate action.​ Hitachi Map combines information from numerous applications such as EAM, APM, FSM, ADMS, GIS, and more into a single, interactive and easy-to-use geospatial view. Users have intuitive access to key information at their fingertips without having to navigate multiple systems, interpret contextual variations. This approach eliminates extra and duplicative work and reduces carbon emissions from unnecessary travel to and from a site.

Attachment

Rebecca Bleasdale
Hitachi Energy Ltd.
+41 78643 2613
rebecca.bleasdale@hitachienergy.com

Late-breaking Results Show Efficacy for CCM in Patients With HFpEF

Investigators Report Positive Findings From Feasibility Study of CCM in Heart Failure With Preserved Ejection Fraction at the European Society of Cardiology Heart Failure 2022 Congress

MADRID and MARLTON, N.J., May 23, 2022 (GLOBE NEWSWIRE) — Impulse Dynamics, a global medical device company dedicated to improving the lives of people with heart failure (HF), announced today a late-breaking presentation of results from the CCM-HFpEF Piloty Study, which is the largest clinical trial to date studying the effects of the company’s proprietary CCM® therapy to treat HF with preserved ejection fraction (HFpEF). The results presented — including a substantial 18 point improvement in the Kansas City Cardiomyopathy Questionnaire (KCCQ) quality of life score — indicate that, for patients with heart failure and left ventricular ejection fraction (LVEF) ≥50%, CCM therapy not only offered meaningful improvement in quality of life but also substantially decreased hospitalizations versus the patient’s experience prior to the Optimizer® implant. The results were presented at the European Society of Cardiology’s Heart Failure 2022 Congress.

Patients with HFpEF suffer from debilitating symptoms and have very few therapeutic options. This patient population is a similar size as the one with reduced ejection fraction and has been shown to have similar struggles with quality of life, hospitalizations, and mortality.

Cecilia Linde, MD, Professor and Consultant in Cardiology at the Heart and Vascular Theme of Karolinska University Hospital and the Karolinska Institute in Stockholm, Sweden, who was the co-principal investigator for this investigation, said, “The CCM-HFpEF Pilot Study was conducted to explore the hypothesis that CCM therapy might benefit patients with HFpEF. Our hypothesis was based on evidence of greater benefits in CCM HFrEF studies in those with higher LVEF range and from case reports of HFpEF patients. In our CCM-HFpEF-Pilot Study, we found significant benefits from CCM therapy in patients with preserved LVEF, supporting prior findings. I look forward to following the progress of the recently begun pivotal AIM HIGHer trial to continue this journey further.”

Dr. Ishu Rao, Medical Director for Impulse Dynamics, welcomed these results because they confirm the potential for positive results in the company’s recently initiated AIM HIGHer trial. “We are also excited to announce that enrollment is well underway for this landmark IDE-approved, multicenter, randomized, and blinded pivotal trial designed not only to confirm Dr. Linde’s groundbreaking work presented today but to go further yet by providing the first long term morbidity and mortality results for a modern Optimizer CCM device. While Dr. Linde specifically studied patients with EFs ≥50%, in AIM HIGHer, we are examining the efficacy of CCM therapy in 1,500 patients with EFs between 40% and 60%. This represents a large cohort of patients who currently have minimal treatment options and are clamoring for help. If AIM HIGHer’s results are consistent with Dr. Linde’s findings, we may finally begin to close the significant gap in care that exists for millions of patients afflicted with HF and higher EF.”

HF affects more than 64 million people worldwide and leads to dramatic declines in a patient’s quality of life. Patients are often classified by a measure of cardiac function known as the ejection fraction (EF), which describes the percentage of blood pumped out of the left ventricle with each heartbeat. CCM therapy is currently indicated in Europe for patients that have an EF below 50% and has been proven to reduce hospitalizations. However, HF patients with higher EF have had few therapeutic options thus far to alleviate their symptoms and treat their disease.

The purpose of the AIM HIGHer trial — the largest randomized, sham-controlled, device-based interventional heart failure trial — is to further assess the potential of CCM to improve performance and reduce cardiovascular morbidity and mortality for these patients. CCM therapy for HFpEF has already received the FDA’s breakthrough device designation. The Breakthrough Devices Program is a voluntary program for certain medical devices that provide more effective treatment or diagnosis of life-threatening or irreversibly debilitating diseases or conditions. The goal of the Breakthrough Devices Program is to provide patients and health care providers with timely access to these medical devices by speeding up their development, assessment, and review while preserving the statutory standards consistent with the Agency’s mission to protect and promote public health.

The Optimizer Smart Mini delivers CCM therapy which consists of precisely timed electrical pulses sent to the heart. These signals are designed to improve the heart’s ability to function properly, allowing more oxygen-rich blood to be pushed out through the body.

About Impulse Dynamics

Impulse Dynamics, based in Marlton, NJ, is dedicated to helping healthcare providers enhance the lives of people with heart failure by transforming how the condition is treated. The company has pioneered CCM® therapy, which is delivered by the company’s Optimizer® Smart Mini, an FDA-approved treatment verified to improve the quality of life for certain heart failure patients. CCM therapy is a safe, effective, and minimally invasive treatment option for many heart failure patients who otherwise have few effective options available to them. To learn more, visit www.ImpulseDynamics.com, or follow the company on LinkedInTwitter, and Facebook.

Forward-looking Statements

This press release contains forward-looking statements. All statements other than statements of historical facts contained in this press release are forward-looking statements. In some cases, you can identify forward-looking statements by terms such as ‘‘may,’’ ‘‘will,’’ ‘‘should,’’ ‘‘expect,’’ ‘‘plan,’’ ‘‘anticipate,’’ ‘‘could,’’ ‘‘intend,’’ ‘‘target,’’ ‘‘project,’’ ‘‘contemplate,’’ ‘‘believe,’’ ‘‘estimate,’’ ‘‘predict,’’ ‘‘potential’’ or ‘‘continue’’ or the negative of these terms or other similar expressions, although not all forward-looking statements contain these words. Forward-looking statements include, but are not limited to, statements concerning: potential benefits of CCM therapy and the ability for CCM therapy and our products to fill a significant unmet medical need for patients with heart failure; and the short-term and long-term benefits of the Optimizer Smart Mini and CCM therapy in patients with heart failure, as well as to the physicians treating those patients. These forward-looking statements are based on management’s current expectations and involve known and unknown risks and uncertainties that may cause our actual results, performance or achievements to be materially different from any future results, performance or achievements expressed or implied by the forward-looking statements. Other important factors that could cause actual results, performance or achievements to differ materially from those contemplated in this press release include, without limitation: the Company’s future research and development costs, capital requirements and the Company’s needs for additional financing; commercial success and market acceptance of CCM therapy; the Company’s ability to achieve and maintain adequate levels of coverage or reimbursement for Optimizer Smart and Optimizer Smart Mini systems or any future products the Company may seek to commercialize; competitive companies and technologies in the industry; the Company’s ability to expand its indications and develop and commercialize additional products and enhancements to its current products; the Company’s business model and strategic plans for its products, technologies and business, including its implementation thereof; the Company’s ability to expand, manage and maintain its direct sales and marketing organization; the Company’s ability to commercialize or obtain regulatory approvals for CCM therapy and its products, or the effect of delays in commercializing or obtaining regulatory approvals; FDA or other U.S. or foreign regulatory actions affecting us or the healthcare industry generally, including healthcare reform measures in the United States and international markets; the timing or likelihood of regulatory filings and approvals; and the Company’s ability to establish and maintain intellectual property protection for CCM therapy and products or avoid claims of infringement. The Company does not undertake any obligation to update forward-looking statements and expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein. These forward-looking statements should not be relied upon as representing the Company’s views as of any date subsequent to the date of this press release.

Rex Richmond, Director (Media Relations)
Impulse Dynamics
856-642-9933
rrichmond@impulsedynamics.com

Harriss Currie, CFO (Investor Relations)
Impulse Dynamics
856-642-9933
hcurrie@impulsedynamics.com

Ian Segal, Manager (Public Relations)
Impulse Dynamics
856-642-9933
isegal@impulsedynamics.com