• Funding will support development of multiple clinical candidates to treat neurological and psychiatric disorders, including Phase 2 studies for ML-007C-MA in 2024 in schizophrenia and Alzheimer’s disease psychosis
• Novo Holdings led a group of top-tier, new investors including Cowen Healthcare Investments, 5AM Ventures and others

SAN FRANCISCO, Oct. 30, 2023 — MapLight Therapeutics, a clinical-stage biopharmaceutical company working to develop targeted, novel therapeutics to improve the lives of people with brain disorders, today announced the closing of an oversubscribed $225 million Series C financing to continue the advancement of MapLight’s transformative treatments for neuropsychiatric and neurological conditions.

New investors Novo Holdings, 5AM Ventures, Cowen Healthcare Investments, and others joined MapLight’s existing syndicate in the financing. This round of funding will advance ML-007C-MA, a novel M₁/M₄ muscarinic agonist agent combined with a precision matched peripheral muscarinic antagonist, into Phase 2 trials for schizophrenia and Alzheimer’s disease psychosis in 2024, and enable continued progress on the company’s other pipeline programs.

“MapLight has built a diverse pipeline of innovative neuroscience therapeutics targeting a spectrum of Central Nervous System (CNS) disorders where the challenges faced by patients and families are significant and the unmet need is high. This financing will fuel the important clinical development necessary to bring these innovative therapies to patients,” said Christopher Kroeger, M.D., MBA, Chief Executive Officer, and Founder. “The enthusiasm and continued support of our existing investors, combined with the significant commitment from this new slate of top tier funds, provides validation for our circuit-based discovery platform approach, the quality of our clinical assets, and the strong capabilities of our team.”

In addition to ML-007C-MA, MapLight currently has two other products in clinical development: ML-007 is under study for dyskinesia, and ML-004, a 5HT-1b agonist is currently in Phase 2 for social communication deficits in patients with autism spectrum disorder. MapLight’s pipeline preclinical assets include ML-016, a GPR-6 antagonist under study for both Parkinson’s disease and depression, and ML-009, in development to treat hyperactivity and impulsivity.  

“MapLight is advancing what we believe will be the best-in-class muscarinic agent for difficult-to-treat disorders including schizophrenia and Alzheimer’s disease psychosis. Schizophrenia alone affects around 3 million adults in the U.S. and 1 percent of the worldwide population,” said Jim Trenkle, Ph.D., MBA, Partner in the Venture Investments group at Novo Holdings. “We are delighted to partner with a very strong group of existing and new investors to catalyze significant advancements in the fight against these important central nervous system disorders, and to support the talented, dedicated team at MapLight.”

In connection with the financing, Jim Trenkle, Ph.D., MBA, Partner in the Venture Investments group at Novo Holdings will join the MapLight Therapeutics Board of Directors.

About ML-007 
ML-007 is a muscarinic receptor agonist designed to target M1 and M4 muscarinic receptor subtypes with no direct activity on dopamine receptors. Deficits in M1 receptors are linked to schizophrenia, and M1 receptors directly regulate neural circuits known to be important in both psychosis and cognition. M4 receptors regulate a complementary neural circuit known to be important in psychosis.

About ML-007C-MA
ML-007C-MA is a combination muscarinic agent in clinical development for the treatment of neurologic and neuropsychiatric conditions. ML-007C-MA unlocks the full therapeutic potential of ML-007, an M1/ M4-preferring muscarinic agonist, by pairing it with a precision-matched muscarinic antagonist to block peripheral side effects. ML-007C-MA was specifically designed with the goal of delivering powerful muscarinic agonist activity to the brain while preventing side effects outside of the brain with a muscarinic antagonist.

About ML-004
ML-004 is MapLight’s 5HT-1b agonist currently in Phase 2 clinical trials. MapLight is developing ML-004 for the treatment of social communication deficits in patients with autism spectrum disorder.

About Schizophrenia 
Schizophrenia is a serious, debilitating mental illness characterized by disturbances in perception, thinking, emotional reaction, and behavior. Schizophrenia can cause people to interpret reality abnormally and includes a combination of positive, negative, and cognitive symptoms. Approximately 60% of people with schizophrenia have no response or only a partial response to the available standard of care treatments, leaving a substantial portion of the population with urgent unmet needs.

About Dyskinesias 
Dyskinesias are a category of movement disorders that are characterized by uncontrollable, abnormal, and repetitive muscle movements that can be disruptive to function and quality of life. Dyskinesia can be the result of an underlying condition or develop as a side effect of dopaminergic medications (drug-induced dyskinesia), commonly used to treat Parkinson’s disease, depression, bipolar disorder, schizophrenia, and irritability in autism.

About Alzheimer’s Disease Psychosis 
Over 40% of people with Alzheimer’s disease (AD) will experience delusions and hallucinations as part of the disease, a condition known as AD psychosis. The condition is often recurrent, severe, and is associated with an increased likelihood of nursing home placement and increased morbidity and mortality. There is no FDA approved medication for the treatment of AD psychosis.

About MapLight Therapeutics 
MapLight is working to develop targeted, novel therapeutics to improve the lives of people with difficult-to-treat brain disorders. MapLight’s unique discovery platform combines novel, proprietary technologies to uncover the individual circuits that misfire in brain disorders and target those circuits with effective, safe therapeutics. MapLight was founded in 2019 by a team of renowned neuroscientists who led the discovery of such groundbreaking technologies as optogenetics and STARmap. Learn more at www.maplightrx.com.

About Novo Holdings A/S
Novo Holdings is a holding and investment company that is responsible for managing the assets and the wealth of the Novo Nordisk Foundation. The purpose of Novo Holdings is to improve people’s health and the sustainability of society and the planet by generating attractive long-term returns on the assets of the Novo Nordisk Foundation.
Wholly owned by the Novo Nordisk Foundation, Novo Holdings is the controlling shareholder of Novo Nordisk A/S and Novozymes A/S and manages an investment portfolio with a long-term return perspective. In addition to managing a broad portfolio of equities, bonds, real estate, infrastructure and private equity assets, Novo Holdings is a world-leading life sciences investor. Through its Seeds, Venture, Growth, and Principal Investments teams, Novo Holdings invests in life science companies at all stages of development. As of year-end 2022, Novo Holdings had total assets of EUR 108 billion.
www.novoholdings.dk

Media Contact
MapLight Therapeutics
Charmaine Lykins, Chief Commercial Officer, [email protected]

SOURCE MapLight Therapeutics, Inc.

Bets.tv, a domain name synonymous with the booming sports betting industry projected to reach $200 billion is now the center of a fierce bidding war.

LAS VEGAS, Oct. 30, 2023 — Bets.tv, a domain name synonymous with the booming sports betting industry projected to reach $200 billion by 2030, is now the center of a fierce bidding war. In its first week listed for sale, bids for Bets.tv have exceeded $1.5 million, creating ripples in the digital landscape.

The unprecedented surge in sports betting, particularly in the United States, has catapulted Bets.tv into the limelight. Previously unavailable, this iconic domain name has garnered substantial interest, with a select group of organisations already engaged in negotiations under non-disclosure agreements.

Sebastian Entwistle, the broker for the sale, commented, “With one in five American adults having placed sports bets in the last year, and approximately 60% choosing to watch live sports from the comfort of their homes, Bets.tv presents unprecedented opportunities.” Media giants, streaming companies, and sports book operators are among the primary contenders bidding for Bets.tv.

According to an industry insider, “The gaming landscape is changing as industry titans like Samsung and Sony explore pre-installed apps, that can include betting and travel services, on Smart TVs, turning them into marketplaces. This shift marks a transition from mere TV sales to generating revenues by taking a percentage of all transactions, potentially making Smart TVs more affordable or even free! Companies like FreeTelly.com are already giving away free Smart TVs in return for advertising.”

Simon Entwistle provided additional insight, stating, “The allure of sports betting through your TV is greatly enhanced by voice commands, much like Siri or Alexa. This convenience allows you to simply ask your TV to place in-game bets, surpassing the traditional mobile betting experience. With American households now averaging between 2.3 to 3 TVs, we are witnessing a significant shift in how bets can be placed.”

Bets.tv stands out in the competitive domain market, boasting global appeal and recognition. Its intuitive and memorable name uniquely positions it in a world where sports betting and entertainment intersect.

As this intense bidding war unfolds, Bets.tv remains at the forefront of an industry on the cusp of a paradigm shift.

SOURCE Bets.tv

Nation on strong momentum of IPOs, demonstrating resilience to global headwinds

HANOI, Vietnam, Oct. 30, 2023 — Vietnam Venture Summit 2023, hosted by Vietnam’s Ministry of Planning and Investment and co-organized by Vietnam National Innovation Center (NIC) and Golden Gate Ventures, a venture capital fund in Southeast Asia (SEA) founded by Silicon Valley natives, kicked off today with an international cast of over 1,000 business leaders and investors, all eyeing Vietnam’s rapid rise as a global economic powerhouse.

Themed “Innovating Through Adversity: Strategies for a Transformative Vietnam“, the fifth edition of this annual summit tackled the question of Vietnam’s future as an investment hub in 2024.

Despite the unpredictability of 2023, Vietnam’s Ministry of Planning and Investment reported that the country attracted close to US$20.21 billion in foreign direct investment (FDI) in the first nine months of 2023, up 7.7 per cent over the same period last year^[1].

“Vietnam’s economic expansion has been underpinned by strong international trade relations that we have continued to reaffirm through ongoing efforts to improve the ease of investment into Vietnam and the creation of ecosystems that support innovation and digitisation. Policy and partnership are key to how we have stayed on track for our National Master Plan for 2021 to 2030,” said Tran Duy Dong, Deputy Minister of Planning and Investment, Vietnam.

“2023 has been an important year for demonstrating to the world that Vietnam’s economic growth is built on strong fundamentals. The transformative strategies we have invested in allow us to write our own success story: one that is built on driving innovation domestically and internationally,” said Vu Quoc Huy, General Director, Vietnam National Innovation Center (NIC).

As part of the Summit, NIC and Golden Gate Ventures also launched a report outlining the country’s growth trajectory. “Road to Greatness: Rewriting Vietnam’s Growth Playbook“ (https://vvs.news/roadtogreatness)  pulls back the curtain on Vietnam’s economic resiliency and examines what is under the hood of Vietnam’s growth in the next few years. The Playbook set the stage for the Summit, which included leaders of Vietnamese conglomerates like VNG and VinBrain of the VinGroup fame; Vietnamese startup founders across fintech, healthtech and AI; global investment firms; global stock exchanges, notably the New York Stock Exchange; and global organisations like the World Bank and Tony Blair Institute. 

Vietnam’s Transformative Playbook: Building Economic Resilience

Unlike many other growth markets around the world and particularly in Asia, Vietnam has written its own playbook for success, capitalising on both a long-term view of growth and an agility to move with the changing economic environment to create a resilience that has withstood the challenges of 2023.

Since 2018, global manufacturers have increasingly shifted production to Vietnam due to escalating global politics, with the momentum building across 2021 all through 2023^[2]. This was buoyed by Vietnam’s focus on creating an increasingly supportive business environment, its well-educated workforce, low labor cost and favorable global trade agreements. This five-year track record has built a particular resiliency in Vietnam’s economy, which has positively positioned Vietnam as the natural answer to emerging global supply chain issues. As the global supply chain shift continues with manufacturing as a key driver, SEA will be the standout winner, with Vietnam leading its neighbors.

2023 has also marked a new phase in Vietnam’s position as a global economic powerhouse as it strengthened strategic global partnerships with Israel, China, the Philippines and Singapore. Most recently, it elevated its relations with the United States to a Comprehensive Strategic Partnership, marking a new era of enhanced bilateral co-operation. Taken in totality, these trade agreements create a long-term runway for Vietnam not only as a leading manufacturing hub but as a center for high-value foreign direct investment.

“In a year that has proven challenging for most economies, Vietnam has shifted its economic development into high gear, cementing itself as the new epicenter of Asia’s growth. With a firm hold on the global supply chain, continued investment from multi-nationals, and a thriving startup ecosystem that is feeding the world’s appetite for innovation, Vietnam finds itself in a unique position of writing a new playbook for growth that other markets will follow,” said Vinnie Lauria, Founding Partner at Golden Gate Ventures.     

Ramping Up to a Year of Listings

A testament to Vietnam’s steady rise as an economic power is the country’s biggest line-up of international listings. On the heels of the international listings of Vinfast and Society Pass in 2023, the next 18 months will be dominated by anticipated listings of VNG, TIKI and The CrownX.

“Vietnam has swiftly risen to prominence in Asia and continues to be a key area of focus for the NYSE,”said Delano Musafer, Head of APAC Capital Markets, New York Stock Exchange. “I am excited by the number of Vietnamese companies showcasing continued innovation, growth and scalability.”

Vietnam’s Top 5 Sectors to Watch

Looking ahead, five key sectors are predicted to dominate Vietnam’s growth, according to the joint report by NIC and Golden Gate Ventures^[3]: healthtech, fintech, tech-enabled logistics, green economy and edtech. Healthcare spending per capita in Vietnam has tripled over the last five years with the rising consumer class and influx of expatriates into the country. The transaction value of the fintech sector is set to grow at an aggressive 15 per cent CAGR over the next four years to address 70 per cent of the population that still remains unbanked. Meanwhile, in the tech-enabled logistics segment, asset-light models have become the game-changer. On the green economy front, Vietnam is leading Southeast Asia’s clean energy drive with wind and solar power innovations, while edtech is a natural growth sector with the increased attention that Vietnam has gained as an investment hub.

Taking the spotlight during the Summit, these five sectors together create an ecosystem of digital innovation that is aligned to the country’s ambitions to be a developed nation by 2050, as well as the global appetite for innovation.

“The Vietnam Venture Summit is an open, dynamic platform for the business leaders in Vietnam, the Vietnamese Government and the international community to shape how we can advance international trade and innovation together through the right combination of partnership and policy,” added Tran Duy Dong, Deputy Minister of Planning and Investment, Vietnam. 

Note:

As part of Vietnam Venture Summit 2023, 30 international and Vietnamese ecosystem players together with Golden Gate Ventures committed to accelerate Vietnam’s 2030 ambitions at the Vietnam Venture Summit.

Ecosystem players supporting Vietnam’s 2030 ambitions

Note: The following is the link to download a copy of the report “Road to Greatness: Rewriting Vietnam’s Growth Playbook. https://vvs.news/roadtogreatness  

About Golden Gate Ventures

Golden Gate Ventures is a global venture capital firm powering technology and innovation from Southeast Asia. Founded in 2011, Golden Gate Ventures combines the knowledge and experience of Silicon Valley with the passion and dynamism of Southeast Asia. For over a decade we’ve proudly backed some of the region’s most audacious founders and companies behind Southeast Asia’s incredible growth story, such as Coda Payments, Carro, Chợ Tốt (Carousell Group), Xendit, Appota, Paper.id, Tititada, Multiplier, Rukita, and Locofy. We empower the audacious. For more information, visit goldengate.vc.

About NIC

The National Innovation Center (NIC) is an agency under the Ministry of Planning and Investment with the function of developing innovation and startup ecosystems, contributing to model innovation. growth based on innovation, science and technology, and new business models; support and improve the innovation and digital transformation capacity of enterprises to increase labor productivity and competitiveness of the economy. NIC acts as a leading innovation hub under four main pillars:

• Create an attractive business environment, and a professional workspace to attract leading domestic and international innovative enterprises economically.
• Create, connect, and build an open innovation ecosystem with a focus on innovative businesses and start-ups.
• Research and propose outstanding mechanisms and policies, and experimental legal frameworks (sandboxes) to encourage innovation activities nationwide, ensuring competitiveness in the region and internationally.
• Attract resources, investment funds, and talented human resources to support innovative businesses and start-ups in attracting investment, transferring technology, and commercializing products.

SOURCE Golden Gate Ventures

Company Hosts First Ever LP Summit and Provides Updates for Inaugural Fund, Launched in February 2023

CHICAGO, Oct. 30, 2023 — Buoyant Ventures, an early-stage venture fund investing in digital solutions to climate change, today unveils its 2022 Impact Report and provides a summary of its 2023 LP Summit event on September 12th-13th in Chicago. 

The report demonstrates the firm’s ongoing commitment to investing in digital-focused mitigation and adaptation solutions for climate change related challenges. To date, Buoyant Ventures manages $81 million with a focus on seed and Series A opportunities in energy, mobility, agriculture, water, circular economy, and the built environment. 

As the largest first time female-owned venture firm outside of the east and west coasts, Buoyant’s 2022 Impact Report expands on the firm’s first report, launched in 2021, by utilizing methodology from leading industry standards including the UN’s sustainable Development Goals, Global Impact Investing Network’s IRIS metrics, and Impact Management Project’s Five Impact Dimensions to quantify measurable impact metrics.

Overview of portfolio-wide impact metrics from Buoyant’s 2022 Impact Report:

• Renewable Energy: 68.5 gigawatts of renewable energy managed by portfolio companies;
• GHG Emissions: 1 million metric tons of carbon dioxide equivalent emissions avoided by portfolio companies;
• Water Efficiency: 4.5k gallons of water usage avoided by portfolio companies;
• Lives & Livelihoods Impacted: 52k people;
• Risks Hedged: $148M; and
• Food Produced: 22k metric tons. 

“It’s one thing to say that you’re committed to creating a positive impact, it’s another to take the time to develop a methodology and process to help make it easy for early-stage companies to start evaluating actual impact,” said Allison Myers, general partner, Buoyant Ventures. “Our 2022 report utilizes operational company metrics, as well as leading tools and standards to measure our firm’s impact at both the portfolio level and the individual investment level.”

Key details from Buoyant’s portfolio companies include:

• 45% are working towards climate mitigation strategies, 33% towards adaptation, and 22% working on both;
• Top three industry sectors are: climate intelligence, built environment, energy; and 
• 20% of portfolio company employees come from racially diverse backgrounds; while 29% are gender diverse.

Buoyant’s LP Summit, which took place in Chicago, was a gathering of the company’s LPs, portfolio company leadership, and guest speakers, including MCJ Collective’s Jason Jacobs, who interviewed Jane Woodward, founder & managing partner of WovenEarth Ventures and founding partner of MAP Energy, Sarah Kapnick the Chief Scientist at NOAA, and Brandon Middaugh of Microsoft Climate Initiatives. The invitation-only event was a platform for Buoyant to share insights on current market conditions, make key introductions to their portfolio company leadership, share findings from the Impact Report, and provide a pipeline overview.

Buoyant’s climate fund is about half deployed with 11 investments, including Raptor Maps (optimization software for utility-scale solar); SupplyShift (software to measure ESG metrics in global supply chains); FloodFlash (parametric flood insurance); Shifted Energy (demand response software for residential energy load); Audette (decarbonization software for commercial real estate); ReelData (software to optimize land-based aquaculture production);  Beni (software to streamline secondhand clothing shopping); Canopy (climate benefits software for employee decarbonization); and ElectroTempo (software to help site EV charging infrastructure for medium and heavy duty fleet vehicles).

“Buoyant remains encouraged by the quality and volume of startups that are deploying innovative software, artificial intelligence, sensors, and new business models that can make a difference in the fight against climate change,” said Amy Francetic, managing general partner, Buoyant Ventures. “We are sourcing solutions that can meet the urgency of the crisis and can be deployed at scale today. There is no time to delay.”

To request a copy of Buoyant Venture’s 2022 Impact Report, please follow this link.

About Buoyant Ventures
Buoyant Ventures is a female-led venture fund investing in entrepreneurs using digital technology to mitigate and adapt to climate change. Buoyant invests in startups leveraging software and simple hardware to address climate change across the energy, mobility, agriculture, water, circular economy, and the built environment sectors.

Business Contact
Team@buoyant.vc

Media Contact
Chris Allieri
Mulberry & Astor
chris@mulberryandastor.com

SOURCE Buoyant Ventures

Manufacturing is one of the largest contributors to greenhouse gas emissions, responsible for 31% of emissions in the US. Current manufacturing processes take too long, prevent innovation, contribute to climate change, stretch supply chains, and offshore jobs. But the Biden Administration’s historic investments in green manufacturing and $6 billion commitment to cut industrial emissions have brought this issue to the forefront.

Powered by 100% green energy, Seurat is reinventing and reshoring manufacturing with its Area Printing technology developed at Lawrence Livermore National Laboratory. This 3D metal printing technology delivers high-precision, high-volume, decarbonized manufacturing, which Seurat anticipates will have the potential to directly mitigate as much as 100 million tons of CO2 by 2030.

“Our mission is to create a green manufacturing industry,” said James DeMuth, co-founder and CEO of Seurat. “With our additive manufacturing technology, our print factories will provide our customers with clean manufacturing that can compete with the volumes, quality, and price points of traditional manufacturing. This new funding will enable Seurat to unlock our next phase of growth, deploy our new machines and scale our factory capacity to meet current demands.”

“Seurat’s potential to disrupt and decarbonize the traditional metal parts manufacturing industry is tremendous,” says Ion Yadigaroglu, Partner at Capricorn. “We have been impressed from the early days of the company by James and his team’s technical expertise and acumen to build a highly scalable business, with applicability across numerous industries. We are excited to participate in this round of funding, which will enable the company to ramp up production capabilities at greater scale and ultimately grow its client base.”

Seurat plans to deploy its printing factories at or near customer sites around the world, enabling parts to be produced in closer proximity to where they are needed while reshoring supply chains and reducing emissions from transportation and global logistics.

“Accelerated computing is unlocking new capabilities within the manufacturing industry, while creating a path toward sustainability,” said Mohamed “Sid” Siddeek, corporate vice president and head of NVentures. “Seurat’s green approach to manufacturing will help transform industry standards.”

“Seurat has an innovative concept and technologies for metal additive manufacturing, and Honda has high expectations for their future potential, ” said Manabu Ozawa, Managing Executive Officer of Honda Motor Co., Ltd. “The metal additive manufacturing technology will enable the enhancement of the value of products through innovative design, and as Honda strives to create the joy and freedom of mobility, we envision that this technology will be necessary for us. Honda will continue to search for, collaborate with and invest in companies with a promising future through our global open innovation program – Honda Xcelerator Ventures.”

Seurat’s pilot factory in the Greater Boston area, will have the capacity to produce more than 25 tons of metal parts annually and is already oversubscribed. Seurat also has commitments to develop 59 tons of additively manufactured metal components for Siemens Energy turbines over a six-year period for parts meeting the material qualification requirements. In all, Seurat has LOIs from six customers totaling 4,000 tons of material and over $750 million in projected revenue over the next several years. This business growth showcases the demand for change in the status quo of manufacturing.

Seurat has over 275 patents and trademarks, granted and pending. To learn more about how Seurat is transforming manufacturing, please visit seurat.com.

About Seurat Technologies
Seurat Technologies is transforming manufacturing for people and our planet. Area Printing by Seurat is the next generation of 3D metal printing designed for high-volume, decarbonized industrial production. By decoupling resolution and speed, Seurat is creating a scalable process that can compete with traditional manufacturing in every way. Seurat’s pioneering approach was originally developed at Lawrence Livermore National Laboratory (LLNL) and has nearly 130 patents granted and pending. Learn more at www.seurat.com.

SOURCE Seurat Technologies

Generac’s program will focus on enhancing grid flexibility and improving the resilience of the power system against growing threats of extreme weather and climate change

WAUKESHA, Wis., Oct. 27, 2023 — Generac Grid Services, part of Generac Power Systems, Inc., (NYSE: GNRC) a leading global designer and manufacturer of energy technology solutions and other power products, announced the company has been selected for negotiations by the U.S. Department of Energy (DOE) to receive a $50 Million grant to enhance the U.S. power grid’s ability to deliver affordable, clean energy to lower income homeowners in Massachusetts.

Funding from this grant would be used to install Generac’s suite of whole-home energy solutions in homes across the state, including behind-the-meter wi-fi thermostats and batteries, and optimize the use of electric heat pumps in combination with batteries and thermostats to improve reliability for residents. 

The project will demonstrate Generac’s capacity to integrate multiple energy technologies to support residents, while providing valuable grid services to benefit both the grid and the residents. It will exhibit how efficient building electrification is possible while minimizing system overloads, reliability issues, and the need for infrastructure upgrades. Generac will utilize its advanced Concerto technology to aggregate and manage the energy assets as a virtual power plant (VPP).

“We’d like to thank the DOE for this opportunity and look forward to working with the state and our partners to lead the evolution to more resilient, efficient and sustainable energy solutions for the residents of Massachusetts,” said Aaron Jagdfeld, president and chief executive officer of Generac.

This project will engage local community leaders to bring benefits such as increased resiliency and job opportunities for communities with projects and will develop a replicable model that can be scaled to communities across the country. Along with providing reliability and economic benefits, the project will support Massachusetts’ decarbonization and GHG reduction goals.

The funds are part of the federal Grid Resilience and Innovation Partnerships (GRIP) Program, which seeks to enhance grid flexibility and improve the resilience of the power system against growing threats of extreme weather and climate change. Funded through the Bipartisan Infrastructure Law and administered by DOE’s Grid Deployment Office, the GRIP program leverages federal, state and private investments to ensure that communities across the nation have a reliable grid that is prepared for extreme weather while also delivering affordable, clean energy and creating robust local opportunities for economic investment and jobs. The state of Massachusetts, electric utilities and energy efficiency program managers in the state will play a critical role in this project by providing incentives for electric heat pump installations through the MassSaves program.

Generac is partnering with leading Massachusetts and national organizations to execute the program, including:

• Interstate Renewable Energy Council (IREC)
• Fraunhofer USA, Building Energy Systems
• Action for Boston Community Development (ABCD) and the energy efficiency program administrators

Generac is also collaborating with the Massachusetts Clean Energy Center and utilities across the state.

We expect the first battery deployments to begin in late 2024 or early 2025. To learn more, visit Generac and the Grid Deployment Office’s website.

About Generac
Generac Power Systems, Inc. (NYSE: GNRC) is a leading energy technology company that provides advanced power grid software solutions, backup and prime power systems for home and industrial applications, solar + battery storage solutions, virtual power plant platforms and engine- and battery-powered tools and equipment. Founded in 1959, Generac introduced the first affordable backup generator and later created the category of automatic home standby generator. The company is committed to sustainable, cleaner energy products poised to revolutionize the 21st century electrical grid.

Media Contact: Stephanie Rodgers
[email protected]
Phone: 262.544.4811 Ext. 4456

SOURCE Generac Power Systems, Inc.

ATLANTA and NEW DELHI, Oct. 27, 2023 — VPN, a leader in premium exact-match domain name brokerage has continued to build on success in the premium domain name industry with the announcement of Hit.com for sale.

“Hit.com represents one of the best three-letter dot com domains on the internet. The word is powerful, short, and Internet-relevant. The use-cases and branding options are near limitless. We have worked diligently for the Seller over the last few months to prepare for this sale. We are considering all serious and final offers at this time,” said Michael Gargiulo, CEO at VPN.com.

According to Google Keyword Planner, the leading search volume analysis tool, the term “Hit” receives nearly 700,000 searches every month, globally. This significant search volume aligns Merrium Webster reports of over 23 definitions for the term, “Hit” including the most common when it comes to Internet Marketing, “a visitor or hit to a website.”

“I have owned Hit.com for a long time. We have received countless offers over the years but after we received a very serious 7 figure offer, we felt engaging a broker to maximize the transaction was necessary, which is why we engaged VPN.com. I own a lot of great domain names and up until this year, never put this for sale. I am excited for the future buyer, wherever they may be,” said Rohit Singal, owner of Hit.com.

The Hit.com domain is available exclusively at vpn.com/domains 

To inquire on Hit.com and for more details please email as soon as possible: michael@vpn or sharjil@vpn.com

“Hit.com has been registered since June, 1994 making it one of the older domains on the internet. This powerful and premium domain is not only powerful from a branding standpoint but it captures a lot of traffic and search volume,” said Sharjil Saleem, VP of Domains at VPN.com.

VPN.com recently published a transaction involving the ultra-premium domain University.com, which was later revealed by Andrew Tate on Twitter, now viewed over 9 million times.

Other premium domain names for sale including: Ninja.com, Product.com, Marine.com, 445.com, and Lug.com.

VPN.com also represents Premium Buyers needing stealth domain broker acquisition assistance.

To learn about VPN Domain Brokers or to see a full list of premium domains available, please visit: https://vpn.com/domains

To learn about current buy requests at VPN, please visit:  https://www.vpn.com/domains/request

To learn how to price exact-match domain names, please visit: https://www.forbes.com/sites/forbestechcouncil/2018/08/07/exact-match-domains-how-to-price-these-high-value-assets

To learn more about finding a great domain broker, please visit: https://www.forbes.com/sites/forbestechcouncil/2019/04/17/how-to-find-a-great-domain-name-broker/

See more from VPN.com on Forbes at: https://www.forbes.com/sites/forbestechcouncil/people/michaelgargiulo/

To learn more about VPN.com, please visit: https://globenewswire.com/search?organization=VPN.com

More About: VPN.com helps countless entrepreneurs and brands acquire and broker the best domain names. With an exclusive understanding of exact-match domains and an end-user of a premium domain, VPN.com prides itself on the $1 million domain name it operates with, showing other visionaries what is possible. Whether you need to buy or sell, VPN.com be your domain broker today at: vpn.com/domains

In addition to domains, VPN.com uses its own multi-million dollar premium three-letter domain to become the worldwide leader in cyber and internet research. The company has collected 188,000 data points across 900 providers, giving people the only way to quickly review and compare hundreds of VPN and Internet Security providers at once. Through transparent research, extensive testing and a drive to protect the world, VPN.com will help 200 million visitors find the best privacy and Internet security services by 2028.

For media and interview inquiries, please email: [email protected] or visit: https://www.vpn.com/press

Contact:
Michael Gargiulo
+1855VPNFAST
[email protected]

SOURCE VPN.com

Annual Luncheon featured models of inspiration runway show and keynote address from ‘Good Morning America’ Executive Producer Simone Swink

RYE, N.Y., Oct. 26, 2023 — Yesterday, Breast Cancer Alliance (BCA), hosted its annual luncheon and fashion show, Seize the Day, at Westchester Country Club in Rye, NY. The annual event drew almost 800 attendees in support of BCA’s mission to improve survival rates and quality of life for those impacted by breast cancer through better prevention, early detection, treatment and cure.

Presented in collaboration with fashion sponsors Richards of Greenwich and Kiton, the luncheon featured a welcome from “Good Morning America’s Lara Spencer and a keynote from breast cancer survivor and “GMA” Executive Producer Simone Swink. During the celebration, models of inspiration, breast cancer survivors and patients, bravely walked the runway in a celebration of life and hope.

“I am so grateful to each of you who attended and supported today’s Annual Luncheon and Fashion Show, helping BCA to invest in more innovative research, breast surgery fellowships, education, and access to life-saving education and breast cancer screening for the underserved,” said Yonni Wattenmaker, executive director, Breast Cancer Alliance. “To the almost 800 attendees, extensive donors and sponsors, speakers and models, thank you for helping BCA continue its national work to improve outcomes for everyone impacted by breast cancer.”

Key sponsors of the event included Greenwich Hospital Foundation, JP Morgan Private Bank, Stein Advisors, KUBTEC Medical Imaging, Burgess Yachts, New York Giants, Northern Trust, among others.

Breast Cancer Alliance is one of the largest private non-corporate breast cancer organizations in the U.S. Breast Cancer Alliance has awarded over $32 million in grants supporting its mission to improve survival rates and quality of life for those impacted by breast cancer through better prevention, early detection, treatment and cure. To promote these goals, the organization invests in innovative research, breast surgery fellowships, regional education, dignified support and screening for the uninsured and underserved. www.breastcanceralliance.org 

SOURCE Breast Cancer Alliance

SAN LEANDRO, Calif., Oct. 26, 2023 — Today Inlyte Energy announced its $8 million seed funding to be used to develop the first generation of its grid batteries made with the most abundant materials – iron and table salt. Inlyte’s solution leverages the proven design of the previously-commercialized sodium metal halide battery to create an energy storage system with high efficiency, long lifetime, competitive energy density, excellent safety, and at an ultra-low cost.

Although solar and wind are now more economical energy sources than fossil fuels, the challenge of affordable energy storage remains a hurdle. An electrical grid powered by intermittent renewables like wind and solar requires massive investments in energy storage technologies. Near-term forecasts for the grid storage market show exponential growth, driven in large part by the economics of wind and solar, with some estimates at a 35% CAGR by 2030.

Inlyte Energy’s solution has several benefits over lithium-ion, sodium-ion, and other battery chemistries. Because the raw materials are common and inexpensive, Inlyte’s batteries will have the lowest cost once manufacturing is scaled; iron and salt are also locally produced in almost all parts of the world and avoid foreign-controlled supply chains. With a completely selective solid ceramic membrane and no flammable organic compounds, the iron and salt battery has a very long lifetime, while providing the same round-trip efficiency and similar footprint as lithium-ion.

Inlyte’s round is led by At One Ventures with participation from First Spark Ventures, Valo Ventures, TechEnergy Ventures, Climate Capital, Anglo American, and others. The company was incubated at Activate in partnership with Lawrence Berkeley National Lab and received an ARPA-E award in 2022 for its battery development. The company was also recently named to the 2023 Cleantech 50 to Watch.

“Conventional sodium metal halide batteries, made from nickel and salt, were developed for electric vehicles in the 1980s and ’90s but never made it down the cost curve,” says Founder & CEO, Dr. Antonio Baclig. “At Stanford, I realized that by optimizing that design for the grid instead of for vehicles, and by using iron instead of nickel, we could drive the cost incredibly low. Inexpensive storage is what will truly make wind and solar a competitive total solution versus fossil fuels, not just in California but everywhere in the world.”

“At the end of the day, solutions for the climate crisis are beholden to economics for both companies and countries, and we would have chosen this design and these materials on that basis alone – but there are so many other benefits as well.”

Iron and salt batteries, unlike lithium-ion batteries, can also operate in extreme heat or cold, making them well suited for locations with increasingly high temperatures. Inlyte is targeting the diurnal energy storage market, with a storage duration of 4-10 hours, for which its batteries will provide excellent round-trip efficiency (how much energy is kept in a charge-discharge cycle) appropriate for grid storage and other industrial applications.

In November of 2022, Inlyte Energy acquired Beta Research Ltd., composed of the core team of scientists in the UK who originally developed a sodium metal halide battery 40 years ago and brought the technology to commercial readiness and manufacturing capacity on multiple continents. Beta Research’s fully-functioning pilot production line, with 30,000 square feet of manufacturing and testing facilities, allows Inlyte to immediately go-to-market with pilot projects once the optimized design is complete.

“The experience of the Beta Research team and their facilities give Inlyte a significant advantage compared to other battery startups in this space. They don’t need to find a pilot factory, get the tooling, or figure out how to manufacture,” says Laurie Menoud, Founding Partner at At One Ventures. “Inlyte’s ability to compete with lithium-ion on lifetime, round-trip efficiency, and of course upfront cost also gives them a significant opportunity in a market that’s exploding right now.”

Inlyte’s iron and salt batteries also have another significant advantage over other batteries: they are incredibly safe, with no risk of fire.

Inlyte is finalizing its grid-optimized, next-generation sodium metal halide design and is planning to engage with pilot customers in the coming months, with the ultimate goal to launch a full factory in the United States in the coming years to leverage incentives from the Inflation Reduction Act.

About Inlyte Energy
An electrical grid powered by climate-friendly, intermittent renewables requires a massive increase in energy storage. Inlyte Energy’s grid battery leverages the proven design of the sodium metal halide battery to create an energy storage solution with the unique combination of high efficiency, long lifetime, competitive energy density, and exceptional safety, using the most abundant commodities – iron and salt. Inlyte was incubated at Activate and is backed by At One Ventures, First Spark Ventures, Valo Ventures, TechEnergy Ventures, and more.

About At One Ventures
At One Ventures invests in deep-tech startups catalyzing a world where humanity is a net positive to nature. The firm is highly technical and was founded by Tom Chi, former Head of Experience and founding member at Google X. At One Ventures finds, funds, and grows companies that are using disruptive deep tech to upend the unit economics of established industries while dramatically reducing their planetary footprint. To date, At One Ventures has invested in 35 startups, including battery recycler Ascend Elements, de-extinction company Colossal Biosciences, and biodegradable packaging supplier Cruz Foam. For more information, please visit https://www.atoneventures.com.

SOURCE Inlyte Energy, Inc.