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Study Highlights Potential Clinical Value of ePlex® Blood Culture ID Panels

CARLSBAD, Calif., Feb. 16, 2021 (GLOBE NEWSWIRE) — GenMark Diagnostics, Inc. (NASDAQ:GNMK), a leading provider of automated, multiplex molecular diagnostic testing systems, announced today the publication of a manuscript in Frontiers in Cellular and Infection Microbiology that highlights strong performance and the potential clinical impact of the ePlex Blood Culture Identification (BCID) Panels. The study, "Evaluation of Microbiological Performance and the Potential Clinical Impact of the ePlex Blood Culture Identification Panels for the Rapid Diagnosis of Bacteremia and Fungemia," looked prospectively at the identification of pathogens and antimicrobial resistance genes, as well as retrospectively analyzing clinical outcomes, based on ePlex BCID Panel results compared to standard of care.

Key Study Findings

In an analysis of 158 bloodstream infection episodes, the ePlex Blood Culture Identification Panels were utilized to assess potential therapeutic interventions in a timelier manner compared to conventional microbiology. With an overall sensitivity of 98%, the rapid result from the ePlex BCID Panels would have allowed the clinical team to modify treatment in 45% of patients. Moreover, lack of an ePlex BCID result was considered a loss or a probable loss of opportunity for modification of therapy in 28% of patients.

"Acceleration of the diagnosis of bacteremia using new rapid assays should become the new gold standard to improve the management and the prognosis of septic patients," said Yvan Caspar, PhD, PharmD, Hospital–University Practitioner, Bacteriology Laboratory, National Reference Center for Francisella, Grenoble Alpes University Hospital. (Full citation: Bryant, S. et. al. (2020) Frontiers in Cellular and Infection Microbiology. Doi: 10.3389/fcimb.2020.594951). Dr. Caspar will be presenting these and other findings in a webinar hosted by XTalks and sponsored by GenMark on February 23, 2021. For more information or to register for the webinar visit: https://xtalks.com/webinars/rapid–blood–culture–identification–a–retrospective–clinical–analysis/

About ePlex BCID Panels

The trio of ePlex BCID Panels (Gram–Negative, Gram–Positive and Fungal Pathogen) can save days over conventional methods in the identification of pathogens that cause bloodstream infections (BSI) and sepsis. The ePlex BCID Panels are the broadest FDA–cleared panels on the market with 60 organism targets and 10 resistance genes, allowing clinicians to rapidly identify the causative agent(s) of BSI and sepsis for more patients. The panels also include identification of more organisms that are often considered contaminants, potentially leading to faster de–escalation of unnecessary antimicrobial treatment. Since unnecessary overuse of antibiotics is the primary driver of antibiotic resistance today, rapid de–escalation of therapy can help reduce the proliferation of further resistance while also saving patients from unnecessary adverse effects.

About GenMark Diagnostics
GenMark Diagnostics (NASDAQ: GNMK) is a leading provider of multiplex molecular diagnostic solutions designed to enhance patient care, improve key quality metrics, and reduce the total cost–of–care. Utilizing GenMark's proprietary eSensor detection technology, GenMark's eSensor XT–8 and ePlex systems are designed to support a broad range of molecular diagnostic tests with compact, easy–to–use workstations and self–contained, disposable test cartridges. GenMark's ePlex: The True Sample–to–Answer Solution is designed to optimize laboratory efficiency and address a broad range of infectious disease testing needs, including respiratory, bloodstream, and gastrointestinal infections. For more information, visit www.genmarkdx.com.

Forward–Looking Statements
This press release includes forward–looking statements regarding events, trends and business prospects, which may affect our future operating results and financial position. Such statements are subject to risks and uncertainties that could cause our actual results and financial position to differ materially. Some of these risks and uncertainties include, but are not limited to, the particular clinical value of our BCID Panels in respect of a particular institution or patient population, the impact of our BCID Panels on antimicrobial stewardship outcomes, our ability to satisfy the supply demands of our customers, and other risks and uncertainties described under the “Risk Factors” in our public filings with the Securities and Exchange Commission. We assume no responsibility to update or revise any forward–looking statements to reflect events, trends or circumstances after the date they are made.

Media Contact
Lauren Martin
(815) 592–6296
lmartin@pcipr.com

Investor Relations Contact
Leigh Salvo
(415) 937–5404


GLOBENEWSWIRE (Distribution ID 8153197)

Lithium Werks Elects Jack Perkowski to Board of Directors as a Non-Executive Director

AUSTIN, Texas and ENSCHEDE, The Netherlands, Feb. 16, 2021 (GLOBE NEWSWIRE) — Lithium Werks BV is proud to announce the election of Jack Perkowski as a non–executive director to the Lithium Werks Board of Directors. Perkowski joins founders T. Joseph Fisher, III and Christian R. Ringvold as directors of the company.

Perkowski brings a wealth of experience and knowledge in fields of corporate strategy, raising capital and assembling management teams.

Perkowski founded ASIMCO Technologies in 1994, and from 1994 to 2008, served as the Chairman of ASIMCO's Board of Directors and the company's Chief Executive Officer. Under Perkowski's leadership, ASIMCO became one of the most important players in China's automotive components industry and gained a reputation for developing local management and integrating a broad–based China operation into the global economy.

In 2009, Perkowski founded JFP Holdings, a merchant banking firm focused on China, where he now serves as Chairman. JFP Holdings was established to help integrate the world's greatest providers of technology and know–how with China's rapidly growing economy by helping foreign companies gain access to the China market and helping domestic companies develop global footprints.

Perkowski currently also serves on the China Advisory Council of Magna International Inc., one of the world's largest auto suppliers; the Board of Advisers for the Center for Emerging Markets at Northeastern University; the International Advisory Board of Management and Economics (IABME) at Tianjin University in China; and as a member of the Board of Directors for ADOMANI, Inc., a publicly traded electric vehicle company.

Widely recognized as an expert on doing business in China, Perkowski authored Managing the Dragon: How I'm Building a Billion Dollar Business in China. Perkowski is a frequent speaker and commentator on the subject of China to the broadcast media.

"We are thrilled to welcome Jack to our Board. His international contacts and global business acumen will be of great benefit to Lithium Werks as we continue to grow and expand our international presence," commented T. Joseph Fisher, III, who is co–founder and Chief Executive Officer.

Lithium Werks possesses the world's most comprehensive portfolio of Lithium Iron Phosphate materials, cells, intellectual property LFP patents and products. Lithium Werks operates in China, Europe, and the United States. For more information, please visit us at www.lithiumwerks.com.

Contact:
lwmarketing@lithiumwerks.com


GLOBENEWSWIRE (Distribution ID 8153115)

LeddarTech Partners With Seoul Robotics to Deliver Robust Solid-State LiDAR-Based Perception Solutions

QUEBEC CITY and SEOUL, Korea, Feb. 16, 2021 (GLOBE NEWSWIRE) — LeddarTech , an industry leader in environmental sensing solutions for autonomous vehicles and advanced driver assistance systems from Level 1 to Level 5, is proud to announce that Seoul Robotics, the leading 3D computer vision company using AI and machine learning to power the future of mobility, has joined the Leddar Ecosystem. The Leddar Ecosystem comprises leading technology companies that have partnered with LeddarTech through the contribution of their expertise in various technologies that enhance ADAS and AD solutions.

Seoul Robotics, headquartered in Seoul, South Korea, has demonstrated expertise in LiDAR perception technology utilizing its proprietary SENSR 3D software. This platform analyzes and processes LiDAR data with high accuracy, enabling more industries, including retail, logistics, and smart cities, to apply 3D insights. Seoul Robotics has garnered much attention in recent years, with the company earning the "No. 1 Tech Startup" spot for South Korea by DB–Stars in 2019.

LeddarTech and Seoul Robotics are collaborating to develop real–time advanced perception solutions to complement LeddarTech's Leddar Pixell, designed for shuttles, robotaxis, ADVs, buses, and heavy commercial vehicles. The Leddar Pixell, a 3D flash solid–state 180–degree sensor, is considered the most robust LiDAR available. The product recently received the Outstanding & Innovative Product Award by the Shenzhen Automotive Electronics Industry Association and Best of Innovation Award Honoree recognition at CES 2020. The partnership of LeddarTech and Seoul Robotics harnesses the technical expertise of both to provide customers with an enhanced LiDAR–based solution that will increase performance and robustness while shortening time–to–market and reducing costs.

"Robust LiDAR sensors like the Leddar Pixell require the most advanced 3D perception software to process and interpret data in real time," shared Mr. HanBin Lee, co–founder and CEO of Seoul Robotics. "Our industry–leading perception platform, SENSR, enables stronger understanding and interpretation of 3D data, better serving the market with highly detailed, LiDAR–based perception. Through our collaboration in the Leddar Ecosystem, we will provide object detection and classification, as well as speed measurement, direction, and location information without a need for map data, all while reducing cost and increasing efficiency."

"By partnering with Seoul Robotics, a respected leader in 3D perception software for LiDAR sensors, LeddarTech and our customers benefit from Seoul Robotics' advanced and innovative LiDAR–based perception technology," said Charles Boulanger, CEO of LeddarTech. "The collaboration yields a solution to greatly ease and accelerate the integration of the Leddar Pixell in a wide range of applications in mobility and industrial markets," concluded Mr. Boulanger.

About Seoul Robotics

Seoul Robotics is a 3D computer vision company building a perception platform that uses AI and machine learning to power the future of mobility. Founded in 2017, Seoul Robotics has partnered with OEMs, system integrators, and government agencies around the world to diversify the use of 3D data. The company has developed its own proprietary software, which is compatible with nearly all LiDAR and 3D data sensors, to increase accuracy and efficiency and to ensure safety across a range of industries and applications. Seoul Robotics has offices in Seoul, Silicon Valley, Munich, and Detroit and is backed by leading global financial institutions. For more information, visit www.seoulrobotics.org.

Contact: LaunchSquad for Seoul Robotics at seoulrobotics@launchsquad.com.

About LeddarTech

LeddarTech is a leader in environmental sensing platforms for autonomous vehicles and advanced driver assistance systems. Founded in 2007, LeddarTech has evolved to become a comprehensive end–to–end environmental sensing company by enabling customers to solve critical sensing and perception challenges across the entire value chain of the automotive and mobility market segments. With its LeddarVision sensor–fusion and perception platform and its cost–effective, scalable, and versatile LiDAR development solution for automotive–grade solid–state LiDARs based on the LeddarEngine, LeddarTech enables Tier 1–2 automotive system integrators to develop full–stack sensing solutions for autonomy level 1 to 5. These solutions are actively deployed in autonomous shuttles, trucks, buses, delivery vehicles, smart cities/factories, and robotaxi applications. The company is responsible for several innovations in cutting–edge automotive and mobility remote–sensing applications, with over 95 patented technologies (granted or pending) enhancing ADAS and autonomous driving capabilities.

Additional information about LeddarTech is accessible at www.leddartech.com and on LinkedIn, Twitter, Facebook, and YouTube.

Contact:
Daniel Aitken, Vice–President, Global Marketing, Communications, and Product Management, LeddarTech Inc.
Tel.: + 1–418–653–9000 ext. 232
daniel.aitken@leddartech.com

Leddar, LeddarTech, LeddarEngine, LeddarVision, LeddarSP, LeddarCore, VAYADrive, VayaVision, and related logos are trademarks or registered trademarks of LeddarTech Inc. and its subsidiaries. All other brands, product names, and marks are or may be trademarks or registered trademarks used to identify products or services of their respective owners.


GLOBENEWSWIRE (Distribution ID 8153114)