The Coretec Group and Core Optics LLC Announce They Have Entered into a Definitive Share Exchange Agreement

The two companies bring together complementary technologies and industry end-user application via Core Optics’ proven commercial distribution in established and high growth sectors spanning automotive, consumer electronics, camera / display, and others dependent on advanced material innovation

ANN ARBOR, Mich., March 06, 2024 (GLOBE NEWSWIRE) — The Coretec Group, Inc. (OTCQB: CRTG) (the “Company”), developer of silicon anode active materials for lithium-ion batteries, and cyclohexasilane (CHS) for EV, cleantech, and 3D display technology, and Core Optics, LLC (“Core Optics”) announced today that they have entered into a definitive share exchange agreement pursuant to which, on the closing date, the Company is expected to acquire 100% of the membership interests of Core Optics, LLC and its subsidiaries which hold all its tangible assets and intellectual property across all its technologies and industry verticals. Subsequent to the closing of the transaction, the combined company will continue to operate under the name The Coretec Group, Inc. and trade under the ticker symbol CRTG, before pursuing uplisting to a senior exchange when it believes the combined company can satisfy initial listing requirements. The Closing of the transaction is subject to customary closing conditions.

Dr. Seonkee Kim will assume the title and responsibilities of Chief Executive Officer. In addition to Dr. Kim’s experience in the compact camera modules (CCM) industry, he has deep knowledge and experience in lithium-ion batteries, making him an ideal leader to further the Company’s Endurion program. He will be introduced along with additional board members and advisors on a shareholder call currently scheduled for March 14, 2024 at 10am ET. Further details for that conference call will be shared in coming days.

Core Optics specializes in the design and fabrication of cutting-edge inspection and assembly machinery for the CCM industry. Core Optics has amassed a wealth of expertise and data pertaining to its testing algorithms, including the rights to over 30+ patents. With commercial products and sales channels in established industries that are also considered high-growth, including automotive and VR/AR, Core Optics has solidified its position as a market leader for providing pivotal process solutions.

Core Optics maintains numerous customer engagements with some of the top mobile device manufacturers in South Korea and throughout the world and with prominent automobile manufacturers including EV makers, as well as global commercial activity in other verticals. Core Optics is revenue producing via a CCM testing product line that has historically produced healthy profit margins, and maintains a pipeline of orders with an expected trajectory for high-growth.

Core Optics recently expanded its service scope to encompass the burgeoning Electric Vehicle (EV) market. This is one of the reasons that The Coretec Group’s proprietary technology is so complementary, as its Endurion battery development program markets to the same customer base. It represents a significant value proposition for Core Optics’ automotive business, facilitated by the Company’s existing sales channel and customer relationships. In addition, the advanced development of the Company’s C-Space volumetric display technology fits well within Core Optics’ prominent CCM and photonics business, in which its deep knowledge and expertise could further C-Space development.

Finally, the transaction would enable Core Optics to prominently enter North American markets, facilitating greater business activity between U.S. auto manufacturers and other potential high value customer segments.

“The Coretec Group is laser-focused on developing technologies that are attractive to end user customers, as well as larger manufacturing and distribution partners capable of taking the technology and rapidly scaling and deploying it,” said Matthew Kappers, CEO of The Coretec Group. “We have found that ideal partner in Core Optics, a group of innovators with a proven track record of establishing sales channels and customer relationships with prominent brands known across the globe. The synergies between the two companies are clear, particularly across the product niches in EVs, eVTOL, 3D Display, LiDAR, and auto manufacturing. We are confident that the merger between these two companies will further establish Core Optics’ commercial pipeline, increasing revenue and creating shareholder value.”

The Company will provide call access information via press release, corporate and investor websites, and social media in advance of the shareholder call and presentation. Please follow on X (formerly Twitter) at @CoretecGroupInc or the Company’s LinkedIn page.

About The Coretec Group

The Coretec Group, Inc., an Oklahoma corporation is an Ann Arbor, Michigan-based developer of engineered silicon and is using its expertise to develop silicon anodes for lithium-ion batteries that will charge faster and last longer. This program is called Endurion. Silicon has the theoretical ability to hold up to 10x the amount of lithium-ions as compared to traditional graphite. Through its proprietary micron and nanoparticle approach, Endurion is loading silicon into the battery anode. A modest increase in silicon will be a game changer that will revolutionize the EV market as well as other energy storage applications.

Additionally, the Company is using its engineered silicon to develop a portfolio of other energy- focused products, including solid-state lighting (LEDs), semiconductors, and printable electronics. Coretec continues to develop CSpace, its 3D volumetric display technology with a wide array of applications including LiDAR, medical imaging, automotive, and others.

For more information, please visit thecoretecgroup.com.

About Core Optics

Core Optics LLC, a Virginia limited liability company, runs its operations through its Korean subsidiary, Core Optics Co., Ltd. Core Optics Co., Ltd. was established in 2023 after acquiring a compact camera module testing equipment product line. It is renowned for its involvement in a high-value enterprise centered around the production and distribution of inspection equipment tailored for compact camera modules (CCM) used in smartphones and automobiles.

For more information, please visit https://www.coreoptics.us/
Follow The Coretec Group on:
Twitter – @CoretecGroupInc
LinkedIn – www.linkedin.com/company/24789881
YouTube – www.youtube.com/channel/UC1IA9C6PoPd1G4M7B9QiZPQ/featured

Forward-Looking Statements

The statements in this press release that relate to the Company’s expectations with regard to the future impact on the Company’s results from operations are forward-looking statements and may involve risks and uncertainties, some of which are beyond our control. Such risks and uncertainties are described in greater detail in our filings with the U.S. Securities and Exchange Commission. Since the information in this press release may contain statements that involve risk and uncertainties and are subject to change at any time, the Company’s actual results may differ materially from expected results. We make no commitment to disclose any subsequent revisions to forward-looking statements. This release does not constitute an offer to sell or a solicitation of offers to buy any securities of any entity.

Corporate Contact:

The Coretec Group, Inc.
Lindsay McCarthy
info@thecoretecgroup.com
+1 (866) 916-0833

Media Contact:

Spencer Herrmann
FischTank PR
coretec@fischtankpr.com
+1 (518) 669-6818

GlobeNewswire Distribution ID 9059095

Stevie® Awards Announce Finalists in 18th Annual Stevie® Awards for Sales & Customer Service

Stevie® Awards Announce Finalists in 18th Annual Stevie® Awards for Sales & Customer Service

Finalists in the 18th annual Stevie® Awards for Sales & Customer Service, an international competition recognizing excellence in customer service, contact centers, business development, and sales, were announced today.

FAIRFAX, Va., March 06, 2024 (GLOBE NEWSWIRE) — Finalists in the 18th annual Stevie® Awards for Sales & Customer Service, an international competition recognizing excellence in customer service, contact centers, business development, and sales, were announced today.

A diverse group of organizations and individuals worldwide have been recognized in awards categories for sales executives, solution providers, contact centers, new products and services, and more.

Organizations with five or more Finalist nominations include Allianz Services Pvt Ltd (Trivandrum, Kerala, India), Avetta (Lehi, UT USA), Blackhawk Network (Pleasanton, CA, USA), Capital Rx (New York, NY, USA), CivicPlus (Manhattan, KS, USA), Datasite (Minneapolis, MN, USA), DHL Express Vietnam (Ho Chi Minh City, Vietnam), DHL Express (worldwide), Element Electronics (Winnsboro, SC, USA), IBM (Armonk, NY, USA), Inspiro (Makati City, Philippines), Intuit (Toronto, ON, Canada), Loveholidays (London, United Kingdom), OpenGov (San Francisco, CA, USA), Purpol Marketing Limited (Chippenham, United Kingdom), QNB Finansbank (Istanbul, Turkey), Qualitest Group (Bridgewater, NJ, USA), Sales Partnerships, Inc. (Broomfield, CO, USA), SAP (worldwide), Support Services Group, Inc. (Waco, TX, USA), Toco Warranty (Los Angeles, CA, USA), TransPerfect Translations (New York, NY, USA), UPMC Health Plan (Pittsburgh, PA, USA), ValueSelling Associates Inc. (Carlsbad, CA, USA), VIZIO Inc. (Irvine, CA, USA), VMware (Broadcom) (Palo Alto, CA, USA), and Voya Financial (New York, NY, USA).

For a full list of Finalists by category, visit www.StevieAwards.com/Sales.

All Finalist nominations ultimately will be named Gold, Silver, and Bronze Stevie Award winners. The placements will be revealed during a gala banquet on Friday, April 12 at The Bellagio in Las Vegas, Nevada. Tickets are now on sale.

The awards are presented by the Stevie Awards, organizers of several of the world’s leading business awards shows including the prestigious International Business Awards® and The American Business Awards®.

More than 2,300 nominations from organizations of all sizes and in virtually every industry were evaluated in this year’s competition. Finalists were determined by the average scores of more than 200 professionals worldwide in seven specialized judging committees. Entries were considered in more than 60 categories for customer service and contact center achievements, including Contact Center of the Year, Award for Innovation in Customer Service, and Customer Service Department of the Year; 60 categories for sales and business development achievements, ranging from Sales Director of the Year to Sales Training Practice of the Year, and Achievement in Sales Automation; and categories to recognize new products and services and solution providers, among others.

All nominated finalist customer service departments will be included in voting for the People’s Choice Stevie® Awards for Favorite Customer Service. Beginning today through March 29, the general public may vote for their favorite providers of customer service in the People’s Choice Stevie Awards for Favorite Customer Service. Voting is open at http://peopleschoice.stevieawards.com. The nominee with the most votes in each category will receive a special crystal People’s Choice Stevie Award. Winners of the People’s Choice Stevie Awards in multiple industries will be honored at the awards gala in Las Vegas on April 12.

Nominations for a special prize, the Sales Partnerships Ethics in Sales Award, remain open through March 15. There are no entry fees to submit nominations for this award, which will recognize outstanding examples of ethical sales practices since the beginning of July 2022. Winners will also be announced and recognized at the April 12 ceremony.

About the Stevie Awards
Stevie Awards are conferred in nine programs: the Asia-Pacific Stevie Awards, the German Stevie Awards, the Middle East & North Africa Stevie Awards, The American Business Awards®, The International Business Awards®, the Stevie Awards for Great Employers, the Stevie Awards for Women in Business, the Stevie Awards for Sales & Customer Service, and the new Stevie Awards for Technology Excellence. Stevie Awards competitions receive more than 12,000 entries annually from organizations in more than 70 nations. Honoring organizations of all types and sizes and the people behind them, the Stevies recognize outstanding performances in the workplace worldwide. Learn more about the Stevie Awards at http://www.StevieAwards.com.

Sponsors of the 18th annual Stevie Awards for Sales & Customer Service include Sales Partnerships, Inc. Support Services Group, Inc., and ValueSelling Associates, Inc.

Media Contact:
Nina Moore
+1 (703) 547-8389
Nina@StevieAwards.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/d842dc2e-f7a4-40ca-a10c-1690e076d935

GlobeNewswire Distribution ID 9058607

Zenas BioPharma Appoints Patricia Allen to its Board of Directors

WALTHAM, Mass., March 06, 2024 (GLOBE NEWSWIRE) — Zenas BioPharma, a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies, today announced the appointment of Patricia Allen to its Board of Directors, on which she also will serve as Chairperson of the Audit Committee. Ms. Allen joins the Zenas Board of Directors with over 20 years of experience leading finance, investor relations, business development, human resources, operations and IT at global public and private biotechnology companies.

“We are pleased to welcome Patty to our Board of Directors,” said Lonnie Moulder, Founder and Chief Executive Officer of Zenas BioPharma. “She has successfully led cross-organizational functions and served on the board of directors of both private and public global biotechnology companies. We look forward to Patty’s contributions to the next phase of Zenas’ growth as we advance our mission to develop and commercialize transformative immunology-based therapies for patients in need.”

“I look forward to collaborating with the experienced Zenas team and Board of Directors, who are building a leading of inflammation and immunology-focused global biopharmaceutical company through disciplined pipeline execution and business development,” said Ms. Allen. “This is an exciting time for Zenas as they seek to progress multiple programs through the clinic to ultimately improve the lives of those living with autoimmune diseases.”

Ms. Allen most recently served as the Chief Financial Officer at Vividion Therapeutics, from where she recently retired. While at Vividion, she co-led led fundraising and the company’s acquisition by Bayer AG, as the company grew and advanced multiple programs towards the clinic. She currently serves on the board of directors and as chair of the audit committee of Deciphera Pharmaceuticals, SwanBio Therapeutics and Anokion, in addition to holding past board member and audit committee chair roles at Inversago Pharma and Yumanity Therapeutics.

Prior to Vividion, Ms. Allen was the Chief Financial Officer at Zafgen, Inc. (now Larimer Therapeutics). Earlier, she was Vice President of Finance and Treasurer, Principal Financial Officer of Alnylam Pharmaceuticals, Inc.; Director of Finance at Alkermes, Inc.; and Auditor at Deloitte & Touche, LLP. She received a B.S. in Business Administration from Bryant College.

About Zenas BioPharma

Zenas BioPharma is a global biopharmaceutical company committed to becoming a leader in the development and commercialization of inflammation and immunology-directed therapies for patients in need around the world. With clinical development capabilities and operations globally, Zenas is advancing a portfolio of potentially differentiated autoimmune therapeutics in areas of high unmet medical need. We leverage the experience and capabilities of our executive management team and our established networks throughout the biopharmaceutical industry as we seek to develop therapies that can improve the lives of those facing autoimmune and rare diseases. For more information about Zenas BioPharma, please visit www.zenasbio.com and follow us on X (formerly Twitter) at @ZenasBioPharma and LinkedIn.

Investor and Media Contact:
Argot Partners
Zenas@argotpartners.com

GlobeNewswire Distribution ID 9058707

Apparel Group and Nykaa Kickstart GCC Expansion with First Nysaa Store in Dubai

Apparel Group and Nykaa Kickstart GCC Expansion with First Nysaa Store in Dubai

International celebrity makeup artists Bouba, aka Hamza Slim, Fady Kataya, Selina Ved, Founder NESSA & Co-founder and Director Nysaa, Adwaita Nayar, Executive Director, Co-founder Nykaa and CEO, Nykaa Fashion, Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, Sima Ganwani Ved, Founder & Chairwoman, Apparel Group
  • Nysaa’s omnichannel platform boasts over 150 brands and more than 10,000 products
  • Expansion strategy aims to establish 100 new stores within the GCC region over the upcoming five years

DUBAI, United Arab Emirates, March 06, 2024 (GLOBE NEWSWIRE) — Apparel Group, a leading retail conglomerate in the GCC, and Nykaa, India’s largest, multi-billion-dollar omni-channel beauty retailer, proudly celebrated the grand opening of their inaugural Nysaa store in the GCC region at City Centre Mirdif on Friday, 1st March 2024. This significant event marked the successful beginning of a joint venture setup signed by two retail giants, blending Apparel Group’s retail prowess in the GCC region with Nykaa’s beauty expertise to offer a carefully curated, world-class shopping experience for consumers in Dubai.

The official inauguration of the store was graced by Sima Ganwani Ved, Founder & Chairwoman, Apparel Group, Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, and Selina Ved, Founder NESSA & Co-founder and Director Nysaa. The store launch symbolized the fruition of their joint vision for a new era of beauty retail. The ceremony was the highlight of a day filled with glamour, starting with a mesmerising flash mob. This performance captivated attendees with their artistry before making their way to the Nysaa store.

Nysaa Beauty Store proudly presents a curated selection of renowned international brands, including Kylie Cosmetics, Kay Beauty, Peacefull, Stila, Augustinus Bader, Foreo, Ralph Lauren, Mugler, Rahua, Oribe, Dr. Barbara Strum, and an array of other prestigious names. The store spread across 2,436 sqft features dedicated beauty advisors who provide personalized one-on-one assistance, ensuring each customer receives tailored guidance to meet their specific beauty needs. Experience the Nysaa Booth, a designated content creation area where patrons can unleash their creativity while showcasing their unique beauty styles. Moreover, customers can accumulate Club Apparel points with every in-store purchase, enhancing their shopping experience with rewarding benefits.

The event was further highlighted by appearances from renowned international celebrity makeup artists Fady Kataya and Bouba, aka Hamza Slim. Kataya, a distinguished figure in the beauty industry with a prestigious beauty lounge and academy (Fady Kataya Beauty lounge in Beirut, Lebanon), is celebrated for his work with celebrities like Nancy Ajram and Yara. Meanwhile, Bouba is acclaimed for his extraordinary makeup artistry, having worked with stars such as Haifa Wehbe, Ahlam, and Latifa. The evening was enriched with valuable makeup tips and tricks, a session offering a dynamic makeup challenge, culminating in an exclusive meet and greet session. These special additions brought an exclusive flair to the grand opening, making it an unforgettable experience for all guests.

Underlining the store’s ambition to become a central hub for beauty in the region, the celebration was a gathering of beauty enthusiasts, with over 200 key industry leaders in fashion, beauty & lifestyle segments, media representatives, VIP customers, and key partners in attendance.

Reflecting on the successful launch, Selina Ved, Founder NESSA & Co-founder and Director Nysaa, shared, “The opening of our very first Nysaa store in Dubai is a significant milestone, showcasing the powerful synergy between Apparel Group’s leadership in retail and Nykaa’s pioneering beauty innovations. The enthusiastic embrace from the community not only validates our strategy but also emboldens our commitment to redefine beauty retail across the GCC. This collaboration reflects our joint ambition to enhance the shopping experience, combining global beauty trends with regional insights. Looking to the future, I’m thrilled about the opportunities to extend this unique retail proposition beyond the GCC, offering customers everywhere access to an unmatched beauty experience.”

Commenting on the landmark moment, Falguni Nayar, Executive Chairperson, Founder & CEO, Nykaa, added, “Nysaa’s first store in Dubai marks a significant milestone in our international foray. Our partnership with Apparel Group is a powerful collaboration of Nykaa’s beauty leadership in India and their retail expertise in the GCC region. It is a manifestation of our shared commitment to enhancing beauty retail for the GCC region. Having garnered tremendous love and trust among Indian consumers for more than a decade, we are looking forward to recreating an exceptional beauty shopping experience, online and offline, for the discerning consumers of the GCC.”

Nysaa is a joint venture with Dubai-based Apparel Group, a global fashion and lifestyle retail conglomerate, and Nykaa, India’s largest, digital first beauty behemoth. The alliance aims to create an omni-channel multi retail brand with over 100 stores in the GCC with Nykaa holding 55% stake in the new entity and Apparel Group 45% stake.

The grand opening of Nysaa by Apparel Group and Nykaa marks a significant moment in the beauty retail industry, promising a future where beauty is not just sold but celebrated in all its forms.

About Apparel Group LLC

Apparel Group is a global fashion and lifestyle retail conglomerate residing at the crossroads of the modern economy – Dubai, United Arab Emirates. Today, Apparel Group caters to thousands of eager shoppers through its 2100+ retail stores and 85+ brands on all platforms while employing over 20,000+ multicultural staff.

Apparel Group has carved its strong presence in the GCC and expanded thriving gateways to market in India, South Africa, Singapore, Indonesia, Thailand, Malaysia, and Egypt.

Additionally, clear strategies are in place to enter emerging markets such as Hungary and Philippines.

Apparel Group has created an omni-channel experience, operating brands originating from the USA, Canada, Europe, Australia, and Asia. The brands include leading names in fashion, footwear, and lifestyles such as Tommy Hilfiger, Charles & Keith, Skechers, Aldo, Nine West, Aeropostale, Jamie’s Italian, Tim Hortons, Cold Stone Creamery, Inglot, and Rituals.

Apparel Group owes its amazing growth to the vision and guidance of its dynamic Founder and Chairwoman, Mrs. Sima Ganwani Ved, who has taken the company from strength to strength since its inception in the last two decades.

https://apparelglobal.com/en/

About Nysaa

Nysaa, an omnichannel beauty retail concept, is the latest venture born from the strategic partnership between Apparel Group, a leading a global fashion and lifestyle retail conglomerate, and Nykaa, India’s foremost beauty and fashion destination. Located in the heart of Dubai at City Centre Mirdif, Nysaa marks a new chapter in omnichannel beauty retail, offering an unparalleled assortment of beauty products, from global favorites to niche and emerging brands. Nysaa is dedicated to providing a curated beauty experience that caters to the diverse needs and preferences of the modern consumer, blending in-store engagement with digital convenience to redefine beauty shopping. With a commitment to innovation, quality, and customer satisfaction, Nysaa is set to become the go-to destination for beauty enthusiasts across the GCC and beyond, embodying the vision of its founders and pushing the boundaries of traditional beauty retail.

About NYKAA

At Nykaa, we share one vision – to bring inspiration and joy to people everywhere, every day. Born out of a desire to make beauty a mainstream choice, the Nykaa journey began in 2012 as a digitally native, consumer-tech company. Falguni Nayar’s entrepreneurial leap with Nykaa, tapped into an underserved beauty retail market, disrupting the ecosystem and putting India in the global spotlight. Today, Nykaa has expanded its offerings to include lifestyle and B2B by introducing online platforms Nykaa Fashion, Nykaa Man, and Superstore.

Over the years, Nykaa has steadily captured the hearts of Indian consumers, ushering visits to both its online and 174 offline destinations and building loyal communities through engaging and educational content. Nykaa continues to build its house of brands with a sharp focus on innovation and consumer delight. Beauty brands such as Kay Beauty, Nykaa Naturals, Nykaa Cosmetics, and Wanderlust and fashion brands such as Nykd, Gajra Gang, Likha, RSVP and Pipa Bella, have become household names, as they consistently deliver on inspiration and high performing products to the consumers.

Nykaa’s unwavering commitment to authenticity and customer centricity has made it the retailer of choice for international brands entering India. Nykaa’s Global Store, a gateway into the world of coveted international brands, leverages the company’s proven supply chain and marketing capabilities to offer a truly seamless shopping experience.

For its role in building India’s beauty and lifestyle retail markets, Nykaa has been awarded several Indian and International accolades. Nykaa has been recognized as the Consumer Company of the Year by VCCircle Awards in 2024 and was proudly featured in the TIME100 Most Influential Companies List. Nykaa’s products are 100% authentic and sourced directly from the brand or authorized retailers. Through engaging and educational content, digital marketing, social media influence, robust CRM strategies, and the Nykaa Network community platform, Nykaa has built a loyal community of millions of beauty and fashion enthusiasts.

PR@apparelglobal.com

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/0feff621-3f73-476d-85fa-7999eee47f1f

GlobeNewswire Distribution ID 9058845

‫مجموعة أباريل و ” Nykaa ” تدشنان أول متجر لعلامة ” نساء ” في دول مجلس التعاون الخليجي بدبي

مجموعة أباريل و ” Nykaa ” تدشنان أول متجر لعلامة ” نساء ” في دول مجلس التعاون الخليجي بدبي

من اليسار إلى اليمين:بوبا ” حمزة سليم ” وفادي قطايا ، خبراء التجميل العالميين ؛ سيلينا فيد، مؤسسة نيسا وومؤسسة مشاركة وعضوة مجلس إدارة ” نساء “؛ أدويتا نايار، مديرة تنفيذية ومؤسسة مشاركة في ” Nykaa ” والرئيسة التفيذية لعلامة ” Nykaa Fashion” ؛ فالغوني نايار، المؤسسة والرئيسة التنفيذية ورئيسة مجلس إدارة شركة ” Nykaa ؛ سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل

  • نساء هي منصة متعددة القنوات تتميز بتقديم ما يزيد عن 150 علامة تجارية وأكثر من 10000 منتج.
  • تهدف استراتيجية التوسع لافتتاح 100 متجر جديد في منطقة دول مجلس التعاون الخليجي خلال الخمسة أعوام المقبلة.

دبي، الإمارات العربية المتحدة, March 06, 2024 (GLOBE NEWSWIRE) —

احتفلت مجموعة أباريل، الشركة الرائدة عالمياً في مجالات الموضة والتسوّق، مع ” Nykaa “، شركة مساهمة عامة في الهند بقيمة تقدر بالمليارات وهي أكبر منصة متعددة القنوات لمستحضرات التجميل، بالافتتاح الرسمي لأول متجر لعلامة ” نساء ” في دول مجلس التعاون الخليجي بسيتي سنتر مردف يوم الجمعة الموافق 1 مارس 2024. وتشكل هذه المناسبة بداية ناجحة للمشروع المشترك الذي وقعه عملاقي التجزئة خلال العام الماضي. وسيساهم التناغم بين الامتياز التجاري لمجموعة أباريل في السوق الخليجي والخبرات الكبيرة لشركة” Nykaa “ في عالم مستحضرات التجميل في تقديم تجربة تسوق مثالية وعالمية للمتسوقين في دبي.

حضر حفل الافتتاح السيدة سيما جانواني فيد، مؤسسة ورئيسة مجلس إدارة مجموعة أباريل؛ السيدة فالغوني نايار، المؤسسة والرئيسة التنفيذية ورئيسة مجلس إدارة شركة ” Nykaa ” ؛ سيلينا فيد، مؤسسة نيسا وومؤسسة مشاركة وعضوة مجلس إدارة ” نساء “. حيث شكّل هذا الافتتاح تتويجاً للرؤية المشتركة لبداية حقبة جديدة في قطاع التجميل. هذا الاحتفال كان الحدث الرئيسي في يوم مليء بالروعة والتميز، حيث بدأ الحفل بأداء فني جماعي ليخطف أنظار الحاضرين قبيل دخولهم لمتجر ” نساء “.

متجر نساء لمستحضرات التجميل يقدم تشكيلة مختارة من أفضل العلامات التجارية الشهيرة مثل كايلي كوزماتيكس، و كاي بيوتي، وبيسفول، وستيلا، وأوغسطينوس بدر، وفوريو، ورالف لورين، وموغلر، وراهوا، واورايب، ودر. باربارا ستورم، وغيرها الكثير من العلامات المرموقة. تبلغ مساحة المتجر 2436 قدماً مربعاً ويحتوي على مجموعة مميزة من خبراء التجميل الذين يقدمون استشارات تجميلية بشكل فردي لتلبية الاستفسارات الخاصة بكل متسوق. كما تقدم نساء غرفة هواة التجميل، مساحة مخصصة لصناعة المحتوى تسمح للمتسوقين باطلاق العنان والتميز بأساليب المكياج الخاصة بهم. بالإضافة لذلك، سيتمكن المتسوقون من الحصول على نقاط كلوب أباريل مع كل عملية شراء في المتجر مما يساهم في إثراء تجربة التسوّق الخاصة بهم وحصولهم على المكافآت القيمة.

كما تميز الحفل بحضور عدد من أشهر خبراء التجميل العالمين مثل فادي قطايا وبوباحمزة سليم “. يشتهر قطايا بشخصيته الفريدة في عالم التجميل من خلال صالون وأكاديمية التجميل الخاصة به ( صالون فادي قطايا للتجميل في بيروت، لبنان)، كما ويعرف بأعماله مع أشهر الفنانات مثل نانسي عجرم ويارا. وفي الوقت ذاته، يشتهر بوبا بمكياجه الرائع والساحر، حيث عمل مع العديد من الفنانات مثل هيفا وهبي، وأحلام، ولطيفة. كان الحفل مليئاً بالعديد من نصائح ومهارات المكياج، وجلسة كاملة لتحدي المكياج، واختتم الحفل بجلسة لقاء وترحيب حصرية. أضافت هذه الفعاليات الرائعة لمسة مميزة للافتتاح الرسمي، مما جعل منه تجربة لا تنسى لجميع الضيوف.

وتأكيدا على طموح المتجر ليصبح الوجهة الرئيسة للتجميل في المنطقة، شهد هذا الاحتفال حضور العديد من عشاق وخبراء التجميل، حيث حضر ما يزيد عن 200 من أبرز الشخصيات في قطاع التجميل، والأزياء، وأساليب الحياة بجانب حضور إعلاميين، وكبار الشخصيات، وأهم الشركاء.

وعلقت سيلينا فيد، مؤسسة نيسا ومؤسسة مشاركة وعضوة مجلس إدارة علامة ” نساء ” ، على الافتتاح الناجح بقولها” يعد افتتاح المتجر الأول لعلامة نساء في دبي إنجازاً في غاية الأهمية، حيث يدلل على مدى الانسجام والتوافق بين مجموعة أباريل وريادتها في قطاع التجزئة وشركة Nykaaبابتكاراتها في عالم التجميل. رؤية هذه الردود الإيجابية للمتسوقين تؤكد لنا نجاح استراتيجيتنا والتزامنا بتغيير معايير قطاع تجزئة منتجات التجميل. ويعكس هذا التعاون طموحنا المشترك من أجل تحسين تجربة التسوّق بالمزج بين أحدث صيحات التجميل العالمية والمفاهيم الإقليمية. وبالنسبة للمستقبل، فإنني متحمسة للمزيد من الفرص لتقديم هذا المفهوم المميز للتجزئة في مناطق ودول أخرى وليس في دول مجلس التعاون الخليجي فحسب، بهدف منح المتسوقين في كل مكان تجربة تجميل استثنائية.”

وعلقت السيدة فالغوني نايار، المؤسسة والرئيسة التنفيذية ورئيسة مجلس إدارة شركة ” Nykaa ” يعد افتتاح المتجر الأول لعلامة نساء في دبي خطوة محورية في رحلتنا للتوسع الدولي. وشراكتنا مع مجموعة أباريل هي عبارة عن توافق بين المكانة الريادية لـ ” Nykaa ” في قطاع التجميل في الهند وخبرات مجموعة أباريل في التجزئة في دول مجلس التعاون الخليجي. تحالفنا مع مجموعة أباريل من أجل افتتاح متجر نساء يعكس التزامنا المتبادل بتحسين قطاع تجزئة التجميل في دول مجلس التعاون الخليجي. ونالت العلامة ثقة ومحبة المجتمع الهندي لأكثر من 10 سنوات، ولذلك نهدف لتقديم هذه التجربة الاستثنائية، في المتاجر والموقع الإلكتروني، لتلبية أذواق المتسوقين في دول مجلس التعاون الخليجي.”

علامة ” نساء هي مشروع مشترك بين مجموعة أباريل، الشركة الرائدة في مجالات الموضة وأسلوب الحياة، و” Nykaa “، منصة التجارة الرقمية الرائدة للتجميل في الهند. هذا التحالف يهدف لتشكيل علامة تجارية متعددة القنوات وأكثر من 100 متجر في دول مجلس التعاون الخليجي، حيث تملك ” Nykaa نسبة 55% من العلامة الجديدة وبدورها تملك مجموعة أباريل نسبة 45%.

الافتتاح الرسمي لمتجر نساء من مجموعة أباريل و ” Nykaa ” يشكل لحظة محورية في عالم تجارة مستحضرات التجميل ويعد بمستقبل حيث يتم الاحتفال بالجمال بكافة أشكاله.

لمحة عن مجموعة أباريل

تقف مجموعة أباريل، أكبر مشغل في مجالات الأزياء وأسلوب الحياة، على مفترق طرق الاقتصاد الحديث في مدينة دبي، بدولة الإمارات العربية المتحدة. واليوم، أضحت المجموعة قادرة على تلبية احتياجات ملايين المتسوقين عبر أكثر من 2,100 متجراً وأكثر من 85 علامة تجارية وبتعيين 20,000 موظف من مختلف الثقافات.

حققت المجموعة حضوراً قوياً وراسخاً في دول مجلس التعاون الخليجي كما أنها نجحت في توسيع مجالات تسويقها في الهند وجنوب أفريقيا وسنغافورة واندونيسيا وتايلند وماليزيا ومصر. وإضافة إلى ذلك، وضعت المجموعة استراتيجيات واضحة للدخول إلى العديد من الأسواق الناشئة مثل هنغاريا والفليبين.

تدير مجموعة أباريل العديد من العلامات التجارية العالمية الشهيرة، التي انطلقت من الولايات المتحدة الأمريكية وكندا وأوروبا وأستراليا وآسيا، وتضم الكثير من الأسماء الرائدة في عالم الأزياء، الأحذية ونمط الحياة على غرار تومي هيلفيغر، تشارلز آند كيث، سكتشرز، ألدو، ناين وست، إروبوستال، وغيرها من الأسماء بالإضافة لعلامات تجارية رئيسية مثل تيم هورتنز، جيميز اتاليان، كولدستون كريمري، إنجلوت، ريتوالز وذلك على سبيل المثال لا الحصر.

يذكر بأن الفضل في نجاحات مجموعة أباريل ونموها المذهل يعود لرؤية وتوجيهات مؤسستها ورئيسة مجلس الإدارة سيما جنواني فيد، التي انطلقت بالشركة من القوة إلى الأقوى منذ نشأتها وعلى امتداد عقدين من الزمن.

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لمحة عن نساء

تعتبر علامة نساء، مفهوم متعدد القنوات للتجزئة في قطاع التجميل، أحدث المشاريع المشتركة بين مجموعة أباريل، الشركة الرائدة في قطاعي الموضة والتسوّق، و ” Nykaa “، الوجهة الأولى لمستحضرات التجميل والعناية بالبشرة في الهند. يشكل متجر نساء في سيتي سنتر مردف بداية لمرحلة جديدة في قطاع تجزئة مستحضرات التجميل متعدد القنوات من خلال تقديم مجموعة استثنائية من مستحضرات التجميل لأفضل العلامات التجارية وأحدثها. تتعهد نساء بتقديم تجربة تجميل متخصصة تلبي جميع الأذواق والمتطلبات المختلفة للمتسوق العصري عبر مزيج مميز وتفاعلي في داخل المتجر وعلى الموقع الإلكتروني من أجل توفير تجربة التسوّق المثالية. ومن خلال التزامها بالابتكار، والجودة، ورضا المستهلكين، فمن المتوقع أن تصبح نساء الوجهة الأولى لجميع عشاق التجميل في دول مجلس التعاون الخليجي. نساء تجسيد لرؤية مؤسسيها وتهدف لتخطي جميع الحواجز لتجزئة التجميل التقليدية.

لمحة عن ” Nykaa

في Nykaa، نتشارك رؤية واحدة – وهي تقديم الإلهام والبهجة للناس في كل مكان وفي كل يوم. بدأت رحلة Nykaa من الرغبة في نشر الجمال وجعله في متناول الجميع، حيث نشأت في عام 2012 كشركة رقمية متخصصة في التكنولوجيا الاستهلاكية. تسبب النجاح الريادي لفالغوني نايار مع Nykaa، على الرغم من ضعف سوق التجزئة لمستحضرات التجميل في الهند، في تغيير معالم قطاع التجميل ووضع الهند في طليعة هذا المجال. حاليا، تمكنت Nykaa من توسيع منتجاتها لتشمل أساليب الحياة ومعاملات الشركات من خلال تقديم ” Nykaa Fashion“، وNykaa Man، ومنصة “Superstore”.

على مر السنين، استحوذت Nykaaعلى قلوب المستهلكين الهنود بشكل متسارع، حيث شهدت توافد المتسوقين للمتجر الإلكتروني ولـ 174 متجراً من متاجرها الحقيقية، كما ونجحت في تكوين مجتمعات موالية لها من خلال المحتوى التفاعلي والتعليمي. تواصل Nykaa ” نجاحها في بناء مجموعة من العلامات التجارية الخاصة بها مع التركيز على الابتكار وإسعاد المستهلك. أصبحت العلامات التجارية لمنتجات التجميل مثل Kay Beauty“، و” Nykaa Naturals ، “ Nykaa Cosmetics “، و ” Wanderlust ” وعلامات تجارية للأزياء مثل ” Nykd “، و” Gajra Gang“، ” Likha “، و” RSVP “، و” Pipa Bella ” من العلامات المألوفة للجميع في سعيها المستمر لتقديم الإلهام والمنتجات الفعالة للمتسوقين.

إن التزام Nykaaالراسخ بالأصالة والتركيز على العملاء جعلها الخيار المثالي لجميع العلامات التجارية التي تريد دخول السوق الهندي. متجر Nykaaالعالمي هو بوابة إلى عالم مليء بالعلامات التجارية العالمية المحبوبة، ويستفيد من سلسلة التوريد والقدرات التسويقية المثبتة للشركة في تقديم تجربة تسوق سلسة جدا.

وتكريماً لدورها الكبير في بناء سوق التجزئة في مجال التجميل وأسلوب الحياة في الهند، حصلت Nykaaعلى العديد من الجوائز في الهند وعلى المستوى الدولي. تم الاعتراف بـ Nykaaكأفضل شركة استهلاكية للعام في حفل جوائز VCCircle في عام 2024 وتم إدراجها في قائمة TIME100 للشركات الأكثر تأثيرا. تقدم Nykaaمنتجات أصلية 100٪ ويتم الحصول عليها مباشرة من العلامة التجارية أو تجار التجزئة المعتمدين. نجحت Nykaaببناء مجتمع موالي يضم الملايين من عشاق الجمال والموضة من خلال المحتوى التفاعلي والتعليمي، والتسويق الرقمي، وتأثير وسائل التواصل الاجتماعي، واستراتيجيات إدارة علاقات العملاء القوية، ومنصة مجتمع Nykaa Network “.

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Nyxoah Reports Fourth Quarter and Financial Year 2023 Financial and Operating Results

Nyxoah Reports Fourth Quarter and Financial Year 2023 Financial and Operating Results
Expect to report DREAM U.S. pivotal study efficacy and safety data by early April
Achieved record quarterly sales of €1.8 million

Mont-Saint-Guibert, Belgium – March 5, 2024 10:05pm CET / 4:05pm ET – Nyxoah SA (Euronext Brussels/Nasdaq: NYXH) (“Nyxoah” or the “Company”), a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA), today reported financial and operating results for the fourth quarter and financial year 2023.

Recent Financial and Operating Highlights

  • Filed the third out of four modules in the U.S. modular PMA submission.
  • Achieved quarterly sales of €1.8 million, representing sequential quarterly growth of 87% and increasing 42% year-over-year.
  • Achieved 2023 full year sales of €4.3 million, representing 41% year-over-year growth.
  • Ended the year with 48 active German accounts, up from 38 entering 2023.
  • Total cash position of €57.7 million at the end of 2023.

2024 Strategic Priorities

  • Complete patient follow up in the DREAM U.S. pivotal study and report efficacy and safety data by early April.
  • File the fourth and final module in the modular PMA submission.
  • Accelerate investments in the U.S. commercial organization in preparation for a late 2024 launch.
  • Complete enrollment in the ACCCESS complete concentric collapse (CCC) U.S. pivotal study.
  • Increase hypoglossal nerve stimulation (HGNS) market penetration and Genio market share in Europe.

“In 2023, we completed enrollment in our DREAM U.S. pivotal study, presented positive early DREAM efficacy and safety data, initiated enrollment in our ACCCESS U.S. pivotal study for complete concentric collapse and raised capital from both existing and new investors. These accomplishments strengthen our confidence for a transformational 2024.” commented Olivier Taelman, Nyxoah Chief Executive Officer. “We are excited to report DREAM data in the coming weeks, finalize the regulatory FDA submission and pave the way for bringing Genio® to patients in the U.S.”

Mr. Taelman continued, “Commercially in Europe, this quarter’s performance was the strongest in Nyxoah’s history driven by a targeted direct-to-consumer (DTC) effort and I applaud our European commercial team for their execution. I look forward to a further increase in therapy penetration from our partnership with ResMed in Germany.”

Fourth Quarter and Full Year 2023 Results

UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION – CONSOLIDATED STATEMENTS OF LOSS AND OTHER COMPREHENSIVE LOSS FOR THE THREE MONTHS AND YEARS ENDED DECEMBER 31, 2023 AND DECEMBER 31, 2022 (in thousands)

For the three months ended December 31,  For the year ended December 31,
2023 2022 2023 2022
Revenue €1,824 €1,307 €4,348 €3,084
Cost of goods sold (726) (465) (1,656) (1,150)
Gross profit €1,098   €842 €2,692   €1,934
Research and Development Expense (7,321) (4,575) (26,651) (15,861)
Selling, General and Administrative Expense (4,893) (5,363) (21,687) (18,855)
Other income/(expense) 279 46 544 283
Operating loss for the period €(10,837)   €(9,050) €(45,102) €(32,499)
Financial income 582 (4,609) 4,174 6,763
Financial expense (964) 1,153 (3,729) (4,320)
Loss for the period before taxes €(11,219) €(12,506) €(44,657) €(30,056)
Income taxes 326 (790) 1,445 (1,169)
Loss for the period €(10,893) €(13,296) €(43,212) €(31,225)
             
Loss attributable to equity holders €(10,893) €(13,296) €(43,212) €(31,225)
Other comprehensive income/(loss)
Items that may not be subsequently reclassified to profit or loss (net of tax)
Remeasurements of post-employment benefit obligations, net of tax 81 70 81 70
Items that may be subsequently reclassified to profit or loss (net of tax)
Currency translation differences (32) (82) (120) (96)
Total other comprehensive income/(loss) €(39)   €(12)   €(39)   €(26)
Total comprehensive loss for the year, net of tax €(10,844) €(13,308) € (43,251) € (31,251)
Loss attributable to equity holders €(10,844)   €(13,308)   € (43,251)   € (31,251)
Basic loss per share (in EUR) €(379) €(514) €(1,545) €(1,209)
Diluted loss per share (in EUR) €(379) €(514) €(1,545) €(1,209)

 UNAUDITED CONDENSED CONSOLIDATED FINANCIAL INFORMATION – CONSOLIDATED STATEMENT OF FINANCIAL POSITION AS OF DECEMBER 31, 2023 AND DECEMBER 31, 2022 (in thousands)

As at December 31
2023 2022
ASSETS
Non-current assets
Property, plant and equipment €4,188 €2,460
Intangible assets 46,608 39,972
Right of use assets 3,788 3,159
Deferred tax asset 56 47
Other long-term receivables 1,166 173
€55,806 €45,811
Current assets
Inventory 3,315 882
Trade receivables 2,758 1,463
Other receivables 3,212 1,775
Other current assets 1,318 1,284
Financial assets 36,138 76,968
Cash and cash equivalents 21,610 17,888
€68,351 €100,260
Total assets €124,157 €146,071
EQUITY AND LIABILITIES
Capital and reserves
Capital 4,926 4,440
Share premium 246,127 228,275
Share based payment reserve 7,661 5,645
Other comprehensive income 137 176
Retained loss (160,829) (118,212)
Total equity attributable to shareholders €98,022 €120,324
LIABILITIES
Non-current liabilities
Financial debt 8,373 8,189
Lease liability 3,116 2,586
Pension liability 9
Provisions 185 59
Deferred tax liability 9
€11,692 €10,834
Current liabilities
Financial debt 364 388
Lease liability 851 719
Trade payables 6,155 4,985
Current tax liability 1,988 3,654
Other payables 5,085 5,167
€14,443 €14,913
Total liabilities €26,135 €25,747
Total equity and liabilities €124,157 €146,071

Revenue

Revenue was €1.8 million for the fourth quarter ending December 31, 2023, compared to €1.3 million for the fourth quarter ending December 31, 2022. Revenue for the full year of 2023 was €4.3 million, compared to €3.1 million for the full year of 2022. The increase in revenue was attributable to the Company’s commercialization of the Genio® system, primarily in Germany.

Cost of Goods Sold

Cost of goods sold was €726,000 for the three months ending December 31, 2023, representing a gross profit of €1.1 million, or gross margin of 60%. This compares to total cost of goods sold of €465,000 in the fourth quarter of 2022, for a gross profit of €842,000, or gross margin of 64.4%.

For the full year ending December 31, 2023, total cost of goods sold was €1.7 million, representing a gross profit of €2.7 million, or gross margin of 62%. This compares to total cost of goods sold of €1.2 million for the full year of 2022, for a gross profit of €1.9 million, or gross margin of 62.7%.

Research and Development

For the full year ending December 31, 2023, research and development expenses were €26.7 million, versus €15.9 million for the full year of 2022.

Operating Loss

Total operating loss for the fourth quarter and full year 2023 was €10.8 million and €45.1 million, respectively, versus €9.1 million and €32.5 million in the fourth quarter and full year 2022, respectively. This was driven by the acceleration in the Company’s R&D spending, as well as ongoing commercial and clinical activities.

Cash Position
As of December 31, 2023, cash and financial assets totaled €57.7 million, compared to €94.9 million on December 31, 2022. Total cash burn was approximately €4.6 million per month during 2023.

Full year report 2023
Our independent auditor has not yet completed the audit of the financial statements for the year ended December 31, 2023. When published, the Nyxoah financial report for the full year of 2023 will be available on the investor page of Nyxoah’s website (https://investors.nyxoah.com/financials).

Conference call and webcast presentation
A webcast of the call will be accessible via the Investor Relations page of the Nyxoah website or through this link: Nyxoah’s Q4 2023 earnings call webcast. For those not planning to ask a question of management, the Company recommends listening via the webcast.

If you plan to ask a question, please use the following link: Nyxoah’s Q4 2023 earnings call. After registering, an email will be sent, including dial-in details and a unique conference call access code required to join the live call. To ensure you are connected prior to the beginning of the call, the Company suggests registering a minimum of 10 minutes before the start of the call.

About Nyxoah
Nyxoah is a medical technology company focused on the development and commercialization of innovative solutions to treat Obstructive Sleep Apnea (OSA). Nyxoah’s lead solution is the Genio® system, a patient-centered, leadless and battery-free hypoglossal neurostimulation therapy for OSA, the world’s most common sleep disordered breathing condition that is associated with increased mortality risk and cardiovascular comorbidities. Nyxoah is driven by the vision that OSA patients should enjoy restful nights and feel enabled to live their life to its fullest.

Following the successful completion of the BLAST OSA study, the Genio® system received its European CE Mark in 2019. Nyxoah completed two successful IPOs: on Euronext Brussels in September 2020 and NASDAQ in July 2021. Following the positive outcomes of the BETTER SLEEP study, Nyxoah received CE mark approval for the expansion of its therapeutic indications to Complete Concentric Collapse (CCC) patients, currently contraindicated in competitors’ therapy. Additionally, the Company is currently conducting the DREAM IDE pivotal study for FDA and US commercialization approval.

For more information, please visit http://www.nyxoah.com/.

Caution – CE marked since 2019. Investigational device in the United States. Limited by U.S. federal law to investigational use in the United States.

Forward-looking statements
Certain statements, beliefs and opinions in this press release are forward-looking, which reflect the Company’s or, as appropriate, the Company directors’ or managements’ current expectations regarding the Genio® system; planned and ongoing clinical studies of the Genio® system; the potential advantages of the Genio® system; Nyxoah’s goals with respect to the development, regulatory pathway and potential use of the Genio® system; the utility of clinical data in potentially obtaining FDA approval of the Genio® system; and the Company’s results of operations, financial condition, liquidity, performance, prospects, growth and strategies. By their nature, forward-looking statements involve a number of risks, uncertainties, assumptions and other factors that could cause actual results or events to differ materially from those expressed or implied by the forward-looking statements. These risks, uncertainties, assumptions and factors could adversely affect the outcome and financial effects of the plans and events described herein. Additionally, these risks and uncertainties include, but are not limited to, the risks and uncertainties set forth in the “Risk Factors” section of the Company’s Annual Report on Form 20-F for the year ended December 31, 2022, filed with the Securities and Exchange Commission (“SEC”) on March 22, 2023, and subsequent reports that the Company files with the SEC. A multitude of factors including, but not limited to, changes in demand, competition and technology, can cause actual events, performance or results to differ significantly from any anticipated development. Forward looking statements contained in this press release regarding past trends or activities are not guarantees of future performance and should not be taken as a representation that such trends or activities will continue in the future. In addition, even if actual results or developments are consistent with the forward-looking statements contained in this press release, those results or developments may not be indicative of results or developments in future periods. No representations and warranties are made as to the accuracy or fairness of such forward-looking statements. As a result, the Company expressly disclaims any obligation or undertaking to release any updates or revisions to any forward-looking statements in this press release as a result of any change in expectations or any change in events, conditions, assumptions or circumstances on which these forward-looking statements are based, except if specifically required to do so by law or regulation. Neither the Company nor its advisers or representatives nor any of its subsidiary undertakings or any such person’s officers or employees guarantees that the assumptions underlying such forward-looking statements are free from errors nor does either accept any responsibility for the future accuracy of the forward-looking statements contained in this press release or the actual occurrence of the forecasted developments. You should not place undue reliance on forward-looking statements, which speak only as of the date of this press release.

Contacts:
Nyxoah
David DeMartino, Chief Strategy Officer
david.demartino@nyxoah.com
+1 310 310 1313

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Ukrainian drone downed over Russia’s Belgorod Region


BELGOROD, Russian air defense systems downed a Ukrainian drone near the village of Blizhneye in the borderline Belgorod Region, Governor Vyacheslav Gladkov said.

‘A drone was downed near the village of Blizhneye outside Belgorod.According to preliminary information, there were no casualties or damage,’ he wrote on his Telegram channel.

Emergency services are working at the scene, Gladkov added.

Source: Syrian Arab News Agency

Abdollahian calls on Islamic countries to take serious actions to end genocide in Gaza


Tehran, Iranian Foreign Minister Hossein Amir Abdollahian has called on Islamic countries to take serious actions to end the genocide committed by the Israeli occupation against the Palestinians in Gaza.

IRNA News Agency quoted Abdollahian during his meeting with Secretary-General of Islamic Cooperation Organization in Jeddah, Hussein Ibrahim Taha as saying ‘The Palestinian cause is the pivotal and main cause of the Islamic world, and the organization must exert more effective efforts to end the war crimes committed against the oppressed Palestinian people, especially the humanitarian catastrophic situation in Gaza, as quickly as possible’.

Abdollahian underlined the importance of the meeting that will be held by the organization in coincides with the exacerbating catastrophic humanitarian situation in Gaza.

He also underscored the necessity of taking effective actions by the Islamic countries participating in this meeting, in addition to taking strong steps to end this brutal genocide.

Source: Syrian Ar
ab News Agency

Israeli occupation forces arrest 24 Palestinians in the West Bank


Occupied Jerusalem, Israeli occupation forces arrested 24 Palestinians on Wednesday in several areas of the West Bank.

The occupation forces stormed several neighborhoods in Tulkarm, Hebron, Ramallah, Bethlehem, and Qalqilya, and they arrested 24 Palestinians, according to Wafa News Agency.

The occupation forces also set up several military checkpoints at the entrances to Hebron, its towns, villages and camps, and closed a number of main roads.

Source: Syrian Arab News Agency