NETCLASS TECHNOLOGY INC. Announces Closing of $9 Million Initial Public OfferingAlN Ceramic Substrates Market Size, Latest Growth, Forecast By 2024 - 2032Southlake, TX, Dec. 16, 2024 (GLOBE NEWSWIRE) -- HeartSciences Inc. (Nasdaq: HSCS; HSCSW) ("HeartSciences" or the "Company") , an artificial intelligence (AI)-powered medical technology company focused on transforming ECGs/EKGs to save lives through earlier detection of heart disease, today reported financial results for the second quarter fiscal 2025 ended October 31, 2024 and provided a business update. Second Fiscal Quarter 2025 Highlights: In the run up to the close of 2024 and the second quarter of fiscal year 2025 (“Q2 FY2025”), HeartSciences saw across the board material progress and more positive developments for the field of AI-ECG, its MyoVista® wav ECG TM device, MyoVista® Insights TM cloud-native platform and first cloud-based AI-ECG algorithms. A summary of current status and business highlights during Q2 FY2025 include: HeartSciences is the only company building next-gen ECG device hardware, cloud-native software and AI-ECG algorithms. The ECG industry generally uses decades-old devices, outdated technology and legacy reporting and managements systems. AI-ECG presents a generational opportunity to modernize the ECG industry which is one of the most ubiquitous medical tests in the world. Our versatility will enable us to deliver AI-ECG solutions across a wide range of healthcare settings, from large hospital systems to simple nurse-led mobile testing services. There has been excellent progress on the MyoVista Insights platform. Phase 1 will be completed by the end of the calendar year. HeartSciences has invested millions of dollars in 2024 to develop a cloud-native ECG reporting system which will run on Amazon Web Services (AWS). MyoVista Insights is a cybersecure modern technology stack which is intended to radically upgrade ECG reporting. Phase 1 does not require regulatory clearance (as it is reporting based) and the Company is in discussions for this to be implemented in test sites in the first half of 2025. Phase 2, which requires regulatory clearance, will add AI-ECG reporting. The Company has built the system to provide both Company-developed and third-party AI-ECG algorithms. HeartSciences intends to operate it like an app store for AI-ECG. This will radically reduce the cost and regulatory burden on the Company in developing all of its own algorithms and ensure the Company can bring a broad panel of AI-ECG algorithms to clinical practice in an expeditious manner. HeartSciences is aiming for Phase 2 regulatory clearance in the second half of 2025. Thereafter in Phase 3, HeartSciences’ intention is for MyoVista Insights to provide an ECG management system which is a multi-billion dollar market. It is a necessity for all hospital systems worldwide to have an ECG management system. Current systems are generally dependent on decades-old IT architecture which are on-premise, server-based, lack flexibility and are costly for health systems. MyoVista Insights is a cloud-native application running on AWS, built to be much lower cost and provide considerably upgraded interoperability and cybersecurity. Pre-validation work on the Company’s first cloud-based AI-ECG algorithm, which will be a low ejection fraction (LVEF ≤ 40) algorithm licensed from Icahn School of Medicine at Mount Sinai, New York (Mount Sinai) is progressing. Assuming this work is successful, FDA validation studies, expected to be conducted using retrospective data, would follow. There has been considerable progress on the MyoVista® wav ECGTM device and HeartSciences remains on track for FDA submission around the end of the first calendar quarter 2025. The Company has requested a final pre-submission meeting with the FDA to finalize the validation study reporting plan associated with the category outputs of the MyoVista wav ECG. Assuming the meeting is satisfactory, final validation and FDA submission are expected to take place expeditiously thereafter. Other notable highlights: HeartSciences’ MyoVista wavECG AI-ECG algorithm and many of the AI-ECG algorithms that would be delivered by the MyoVista Insights cloud platform have been included in the CMS 2025 OPPS final rule, effective January 2025. This would enable appropriate reimbursement immediately upon commercial launch and is a significant milestone in AI-ECG being widely adopted. HeartSciences successfully demonstrated its MyoVista® wavECGTM at the United Nations General Assembly Digital Health Symposium after its selection as a technology to radically transform healthcare. Launch of our new website at https://www.heartsciences.com . Management Commentary “We end calendar 2024 in a strong position, having made significant progress. HeartSciences is the only Company developing across the board ECG solutions to upgrade archaic devices, clinical capabilities, and reporting and management systems which are a necessity for any healthcare system worldwide.” “By calendar year end, our Phase 1 MyoVista Insights cloud-native platform will be complete after millions of dollars of investment. Feedback to date has been excellent and we are in discussions for early deployment in test environments. Our ultimate vision is to offer a path to modernize legacy ECG management systems, as they are generally inflexible and costly due to decades-old IT architecture. Instead, we will provide a next-gen, cybersecure cloud-native system to meet the sophisticated data driven needs of today’s health systems. Our AI-ECG marketplace will facilitate far quicker rollout of AI-ECG and allow patients and health systems environments to realize their significant benefits.” “Our MyoVista wav ECG is approaching FDA submission and will allow next-to-patient, immediate access to AI-ECG results which is suitable for many frontline healthcare settings and territories around the world. Our versatility will enable us to deliver AI-ECG solutions across a wide range of healthcare settings, from large hospital systems to simple nurse-led mobile testing services.” concluded Mr. Simpson. Second Quarter Fiscal 2025 Financial Results There were no revenues during Q2 FY2025. As of October 31, 2024, cash and cash equivalents were approximately $4.1 million and shareholders’ equity was approximately $4.0 million. Complete financial results have been filed in the Company’s Quarterly Report on Form 10-Q with the U.S. Securities and Exchange Commission and is available on the Company’s website. About HeartSciences HeartSciences is a medical technology company focused on applying innovative AI-based technology to an ECG (also known as an EKG) to expand and improve an ECG’s clinical utility. Millions of ECGs are performed every week and the Company's objective is to improve healthcare by making it a far more valuable cardiac screening tool, particularly in frontline or point-of-care clinical settings. HeartSciences has one of the largest libraries of AI-ECG algorithms and intends to provide these AI-ECG algorithms on a device agnostic cloud-based solution as well as a low-cost ECG hardware platform. Working with clinical experts, HeartSciences ensures that all solutions are designed to work within existing clinical care pathways, making it easier for clinicians to use AI-ECG technology to improve their patient's care and lead to better outcomes. HeartSciences' first product candidate for FDA clearance, the MyoVista® wavECGTM, or the MyoVista®, is a resting 12-lead ECG that is also designed to provide diagnostic information related to cardiac dysfunction which has traditionally only been available through the use of cardiac imaging. The MyoVista® also provides conventional ECG information in the same test. For more information, please visit: https://www.heartsciences.com . X: @HeartSciences Safe Harbor Statement This announcement contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These forward-looking statements are made under the "safe harbor" provisions of the Private Securities Litigation Reform Act of 1995 and are relating to the Company's future financial and operating performance. All statements, other than statements of historical facts, included herein are "forward-looking statements" including, among other things, statements about HeartSciences' beliefs and expectations. These statements are based on current expectations, assumptions and uncertainties involving judgments about, among other things, future economic, competitive and market conditions and future business decisions, all of which are difficult or impossible to predict accurately and many of which are beyond the Company's control. The expectations reflected in these forward-looking statements involve significant assumptions, risks and uncertainties, and these expectations may prove to be incorrect. Investors should not place undue reliance on these forward-looking statements, which speak only as of the date of this press release. Potential risks and uncertainties include, but are not limited to, risks discussed in HeartSciences' Annual Report on Form 10-K for the fiscal year ended April 30, 2024, filed with the U.S. Securities and Exchange Commission (the "SEC") on July 29, 2024, HeartSciences’ Quarterly Report on Form 10-Q for the fiscal quarter ended July 31, 2024, filed with the SEC on September 12, 2024, HeartSciences’ Quarterly Report on Form 10-Q for the fiscal quarter ended October 31, 2024, filed with the SEC on December 16, 2024 and in HeartSciences' other filings with the SEC at www.sec.gov . Other than as required under the securities laws, the Company does not assume a duty to update these forward-looking statements. Contacts: HeartSciences Gene Gephart +1-682-244-2578 Ext. 2024 info@heartsciences.com Investors Gilmartin Group Vivian Cervantes investorrelations@heartsciences.com
Victims and families react as Biden spares the lives of 37 federal death row inmatesAs the Lunar New Year approaches, gamers all around the world are eagerly awaiting the highly anticipated release of "Black Myth: Wukong." The latest addition to the classic Chinese mythology-inspired action-adventure game not only brings a fresh take on the legendary tale of Sun Wukong but also introduces a special Lunar New Year-themed set for all fans to enjoy.
In a shocking turn of events, authorities have apprehended the suspect believed to be responsible for the shooting of an American executive. The 26-year-old man was captured after an intense manhunt that spanned several days.
Palvella Therapeutics Announces Closing of Merger with Pieris Pharmaceuticals and Concurrent Private Placement of $78.9 MillionSatellos Announces Overnight Marketed Public Offering of Common SharesINDIANAPOLIS (AP) — The Indianapolis Colts defense started this season struggling. It couldn't stop the run, couldn't keep teams out of the end zone, couldn't get off the field. Now the script has flipped. Defensive coordinator Gus Bradley's group is playing stouter, holding teams — even the high-scoring Detroit Lions — largely in check long enough to give Indy a chance to win, and it's the Colts offense that has struggled. “They are playing their tails off. You don’t want them on the field a bunch and as an offense you want to be able to play complementary football,” running back Jonathan Taylor said after Sunday's 24-6 loss. “I would say specifically on offense, it sucks when you can’t help your defense out when they are fighting their tails off all game.” Indy's defense held up its end of the bargain by limiting the Lions (10-1) to 14 first-half points and allowing just 24, matching Detroit's lowest output since Week 3. The problem: Even when the Colts (5-7) did get Detroit off the field, they couldn't sustain drives or score touchdowns. Again. Anthony Richardson provided the bulk of the ground game by rushing 10 times for 61 yards, mostly early. Taylor managed just 35 yards on 11 carries and a season-high 10 penalties constantly forced the Colts to dig out from deep deficits. Part of that was by design. “We knew Jonathan Taylor was going to be the guy we needed to shut down,” Lions coach Dan Campbell said. “We did that. The quarterback runs. It got us on a couple but overall, we did what we needed to do, and we kept them out of that game." Part of it could be because of an injury-battered offensive line that has started three rookies each of the past two weeks and finished the previous game with the same three rookies. Whatever the fix, Indy needs a good solution. There is good news for Indy is that its schedule now gets substantially more manageable. After losing four of five, all to teams in playoff position and three to division leaders, Indy faces only one team with a winning record in its final five games. The most recent time the Colts played a team with a losing mark, Richardson rallied them past the New York Jets 28-27. But Colts coach Shane Steichen knows that's not the answer. The Colts must get this offense righted now. “We’ve got to get that figured out. We’ve got to get him going on the ground,” Steichen said when asked about Taylor, who has 92 yards on his past 35 carries. “We’ll look at the offensive line. We’ll look at everything." Pass rush. Pro Bowl DT DeForest Buckner's presence certainly has been felt since he returned from a sprained ankle Oct. 27. In those past five games, the Colts have had 14 sacks, including three of Jared Goff on Sunday. Penalties. The Colts have had one of the cleanest operations in the league most of this season. Sunday was an anomaly, but one that can't merely be written off. WR Michael Pittman Jr. The five-year veteran is one of the league's toughest guys, but playing through a back injury appeared to take its toll on Pittman's productivity. Since sitting out in Week 10, Pittman has 11 receptions for 142 yards including six for 96 yards, his second-highest total of the season, Sunday. Tight ends. Each week the Colts want their tight ends to make an impact. And each week, they seem to fail. It happened again Sunday when Drew Ogletree dropped a TD pass that would have given Indy a 10-7 lead. Instead, Indy settled for a field goal and a 7-6 deficit. Through 12 games, Indy's tight ends have a total of 26 catches, 299 yards and two TDs. That's just not good enough in a league where versatile, productive tight ends increasingly signal success. Pittman and WR Josh Downs both returned to the game after leaving briefly with shoulder injuries. WR Ashton Dulin did not return after hurting his foot in the second half. But the bigger questions come on the offensive line. LT Bernhard Raimann (knee) was inactive Sunday, and rookie center Tanor Bortolini entered the concussion protocol Monday. Bortolini was one of three rookie starters the past two weeks, replacing Pro Bowler Ryan Kelly who is on injured reserve. 55.88 — Indy has scored touchdowns on 55.88% of its red zone trips this season. While it puts it near the middle of the NFL, it's cost the Colts multiple wins. Richardson needs to rebound from this latest 11 of 28 performance and show he can lead the Colts to victories week after week. He'll get plenty of chances over the season's final month, starting with next week's game at the New England Patriots. AP NFL: https://apnews.com/hub/nfl
Ukrainian President Volodymyr Zelenskiy says more than 3000 North Korean soldiers have been killed and wounded in Russia's Kursk region and warned that Pyongyang could send more personnel and equipment for Moscow's army. or signup to continue reading "There are risks of North Korea sending additional troops and military equipment to the Russian army," Zelenskiy said on X after receiving a report from his top military commander Oleksandr Syrskyi. "We will have tangible responses to this," he added. The estimate of North Korean losses is higher than that provided by Seoul's Joint Chiefs of Staff, which said on Monday at least 1100 North Korean troops had been killed or wounded. The assessment was in line with a briefing last week by South Korea's spy agency, which reported some 100 deaths with another 1000 wounded in the region. Zelenskiy said he cited preliminary data. Reuters could not independently verify reports on combat losses. Russia has neither confirmed nor denied the presence of North Koreans on its side. Pyongyang initially dismissed reports about the troop deployment as "fake news", but a North Korean official has said any such deployment would be lawful. According to Ukrainian and allied assessments, North Korea has sent around 12,000 troops to Russia. Some of them have been deployed for combat in Russia's Kursk region, where Ukraine still holds a chunk of land after a major cross-border incursion in August. South Korean officials added that it has detected signs of Pyongyang planning to produce suicide drones to be shipped to Russia, in addition to the already supplied 240mm multiple rocket launchers and 170mm self-propelled howitzers. Kyiv continues to press allies for a tougher response as it says Moscow's and Pyongyang's transfer of warfare experience and military technologies constitute a global threat. "For the world, the cost of restoring stability is always much higher than the cost of effectively pressuring those who destabilise the situation and destroy lives," Zelenskiy said. DAILY Today's top stories curated by our news team. WEEKDAYS Grab a quick bite of today's latest news from around the region and the nation. WEEKLY The latest news, results & expert analysis. WEEKDAYS Catch up on the news of the day and unwind with great reading for your evening. WEEKLY Get the editor's insights: what's happening & why it matters. WEEKLY Love footy? We've got all the action covered. WEEKLY Every Saturday and Tuesday, explore destinations deals, tips & travel writing to transport you around the globe. WEEKLY Going out or staying in? Find out what's on. WEEKDAYS Sharp. Close to the ground. Digging deep. Your weekday morning newsletter on national affairs, politics and more. TWICE WEEKLY Your essential national news digest: all the big issues on Wednesday and great reading every Saturday. WEEKLY Get news, reviews and expert insights every Thursday from CarExpert, ACM's exclusive motoring partner. TWICE WEEKLY Get real, Australia! Let the ACM network's editors and journalists bring you news and views from all over. AS IT HAPPENS Be the first to know when news breaks. DAILY Your digital replica of Today's Paper. Ready to read from 5am! DAILY Test your skills with interactive crosswords, sudoku & trivia. Fresh daily! Advertisement AdvertisementThe revisiting of the Yu Hua and Ying child trafficking case serves as a stark reminder of the ongoing issue of child exploitation and trafficking in China and around the world. It highlights the need for stronger laws and enforcement mechanisms to protect vulnerable children from falling victim to such heinous crimes.Srinagar, Dec 23: Chief Minister Omar Abdullah on Monday met with representatives of the Open Merit students in a bid to address the growing concerns surrounding the reservation policy, which has sparked protests. The meeting comes against the backdrop of increasing unrest among students, particularly from the Open Merit category, who argue that the reservation system is undermining merit-based opportunities in education and employment. “Today, I met the representatives of the Open Merit Students Association. The beauty of democracy is the right to be heard and dialogue in a spirit of cooperation. I have made certain requests of them and given them several assurances. This channel of communication will remain open without any intermediaries or hangers-on,” Omar said in a social media post with pictures of a visiting delegation of students. The student representatives presented their grievances during the meeting, highlighting concerns that the current reservation policy disadvantages students who, despite their merit, do not benefit from quotas based on caste, religion, or socio-economic status. The group argued the need for a merit-based system, arguing that the existing framework has created an uneven playing field in competitive fields such as medical, engineering, and civil services. The CM responded by assuring the student body that their concerns would be taken into account, with the government remaining committed to addressing issues in a fair and transparent manner. The meeting was seen as a crucial step in opening a direct line of communication between the government and the protesting student bodies. While no immediate policy changes were announced, both sides expressed optimism that the ongoing dialogue could lead to more comprehensive discussions on potential reforms to the reservation system. Meanwhile, according to student leaders, CM Omar assured the delegation that the cabinet sub-committee formed to review the reservation policy in J&K would submit its report within six months. “We met the CM and held discussions on the reservation issue for about 30 minutes. The crux of the discussion was that the CM has asked for six months for the sub-committee to complete its work,” one of the student leaders told reporters after meeting CM Omar at his residence.
The AP Top 25 men’s college basketball poll is back every week throughout the season! Get the poll delivered straight to your inbox with AP Top 25 Poll Alerts. Sign up here . STATEN ISLAND, N.Y. (AP) — Zaire Williams’ 19 points helped Wagner defeat Springfield (Mass.) 81-46 on Saturday night. Williams had five steals for the Seahawks (3-3). Ja’Kair Sanchez scored 12 points while shooting 4 for 10 (2 for 5 from 3-point range) and 2 of 3 from the free-throw line. Tyje Kelton had 11 points and shot 4 for 5, including 3 for 4 from beyond the arc. The Pride were led in scoring by Xoren Livingston, who finished with 13 points. RJ Hutt added 11 points and three blocks for Springfield. ___ The Associated Press created this story using technology provided by Data Skrive and data from Sportradar .The weather forecast warns of an impending cold snap, a blast of Arctic air that will send temperatures plummeting to record lows. The frosty bite in the air serves as a stark reminder that winter is here to stay, at least for the foreseeable future. It's time to bundle up, hunker down, and brace ourselves for the onslaught of bone-chilling cold that lies ahead.
Similarly, the situation in Syria has taken a dramatic turn, with the sudden and unexpected change in leadership leading to widespread chaos and violence. The United States, along with its allies in the region, is struggling to respond effectively to the rapidly evolving situation. The power vacuum created by the sudden change in leadership has created a breeding ground for extremist groups and further destabilized an already fragile region.The international community must take note of these developments and support efforts to uphold peace and security in the region. Diplomatic channels should remain open and dialogue should be promoted to address any concerns or grievances that may arise. It is in the interest of all parties to work towards peaceful resolutions and avoid any actions that could escalate tensions.