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Empowering inspiration at Roland-Garros 2022 tournament with the OPPO Find X5 Pro’s flagship imaging experiences

OPPO

PARIS, FRANCE - Media OutReach - 8 June 2022 - Capturing the true magic of tennis has been a challenge for fans across the world. The disparity between the imaging capabilities of smartphone technology and the action on the court has been evident to see with grainy results, blurred visuals and underwhelming colour reproduction. OPPO’s latest technological innovations empower authentic tennis experiences for tennis lovers worldwide. OPPO: Premium Partner of Roland-Garros As the premium partner of Roland-Garros for the 4 th consecutive year, OPPO hopes to bring tennis fans’ inspiration with its advanced imaging technology to witness, capture, and share the heart-stopping moments on the court. In tandem with the continued partnership, OPPO’s new brand proposition, Inspiration Ahead, at its core, is centred on technology giving people the access to achieve success by pushing the limits of what is perceived as possible. Exemplifying the new brand proposition, OPPO launched the ‘Inspirational Light’ campaign, a global activation galvanising the support of tennis fans from across the globe for their tennis heroes. Creating innovative technology is at the heart of OPPO’s ethos, and the MariSilicon X imaging NPU is a prime example of that belief. With over ten years of research and development supporting its creation, the self-designed chip is dedicated to levelling photography and videography for tennis fans with stunning HDR quality. MariSilicon X’s computational power enables true-to-life imaging experiences that can reveal the true vibrancy of the iconic clay court with the OPPO Find X5 Pro. OPPO Find X5 Pro The result is a four-time improvement in perceived night video resolution, less grain and superior colour reproduction, making 4K Ultra Night Video possible for the first time on an Android smartphone and unlocking world-class imaging capabilities that keep up with players’ action on the Roland-Garros court. The Find X5 Pro takes content capture to the next level with low-light videography. Each frame has detail, clarity, and dynamic range comparable with a still night mode photo, making any tennis supporter proud to share on social media. Low light video has been a continual issue for smartphone photography. People have had to choose between capturing beautiful moments with low-quality results or just foregoing immortalising their experiences. With 4K Ultra Night Video, thanks to the MariSilicon X imaging NPU, this remains happily relegated to the past. The Find X5 Pro can capture the intensity and spirit of the court’s notable night matches without sacrificing quality so that tennis lovers can charge their own piece of Roland-Garros history. Shooting fast-paced action with a smartphone has historically caused challenges for many. From trying to snap the volleys of the elite tennis stars to the crowd’s roaring cheers, the results can end up looking shaky and wobbly at best. OPPO’s Five-axis Optical Image Stabilisation (OIS) in parallel with Ultra-Clear Shot and three-degrees anti-shake technology creates smooth and professional content without lag and incredible quality. Shot on OPPO Find X5 Pro: Court Philippe-Chatrier OPPO’s ‘Inspirational Light’ campaign, devised from the new brand proposition “Inspiration Ahead”, brings tennis fans globally to champion some of the world’s standout athletes. Inspiring messages of support from the avid tennis community were used to create striking yet beautiful light painting imagery showcased on the red clay court on each night of the tournament. At the end of each night match, when the stadium’s lights were turned off, OPPO’s expert light painting crew ‘painted’ the fans’ best comments using OPPO’s Find X5 Pro’s long exposure photography capabilities. The stunning visuals were captured by OPPO Find X5 Pro, with photos and videos posted across social media. Inspiration to succeed is pulled from both tennis stars and their fans. Shot on OPPO Find X5 Pro: Light Painting For tennis stars, the fans standing before them in the stadium inspire them to play with heart and perform their best. For the fans, it’s the players they admire on the court who encourage them to never give up and keep pushing the boundary. OPPO's industry-leading mobile technology will also inspire more people to witness, capture and participate in these real emotions and spirits on the court. With Roland-Garros 2023, OPPO will continue to be the premium partner for the legendary tournament. The leading technology company plans to bring even more tech innovations that excite tennis fans worldwide through standout imaging experiences. Bringing to life and reliving the true magic of the court is made simple with OPPO. About OPPO OPPO is a leading global smart device brand. Since the launch of its first mobile phone - “Smiley Face” - in 2008, OPPO has been in relentless pursuit of the perfect synergy of aesthetic satisfaction and innovative technology. Today, OPPO provides a wide range of smart devices spearheaded by the Find X and Reno series. Beyond devices, OPPO also provides its users with ColorOS operating system and internet services such as OPPO Cloud and OPPO+. OPPO has footprints in more than 50 countries and regions, with more than 40,000 employees dedicated to creating a better life for customers around the world. Contact Details OPPO Media Contact press@oppo.com

June 08, 2022 05:00 AM Eastern Daylight Time

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Retention Cloud Leader CleverTap Unveils TesseractDB™

CleverTap

CleverTap, the world’s No. 1 retention cloud, today announced it has unveiled TesseractDB ™, the world’s first purpose-built database designed to dramatically improve user engagement and retention for digital consumer brands. TesseractDB ™ brings true technology innovation to growth marketing leaders looking to deliver in-context, timely, personalized messaging and recommendations across all user touchpoints. TesseractDB ™ makes massive amounts of first-party user data in a privacy-friendly, accessible, and affordable way to power real-time user personalization. Leveraging machine learning and Artificial Intelligence (AI), it offers limitless scale and enables digital brands and businesses to harness data and context for every interaction. User engagement and retention start from Day One when a user launches an app for the first time. Research estimates that nearly 85% of all messaging is considered spam, an average of about 122 billion messages globally. About 36% of spam content is generated from ill-timed, non-personalized marketing messages. This problem continues to be prevalent due to the limited data technologies that are patently unable to store the massive volumes of first-party data required to offer a truly personal customer experience. “Today, we are excited to unveil TesseractDB ™, the data technology that powers the CleverTap platform. It will allow global growth marketing teams to achieve true omni-channel customer engagement,” said Sunil Thomas, CleverTap Co-founder and Executive Chairman. “In the last 40 years, MarTech vendors have cobbled together generic off-the-shelf data technologies in an effort to solve for end-user messaging. These technologies have been limiting, and as a result, brands simply cannot fully unlock their own user data for real and meaningful relationship building. To transition away from the spam and transactional communication that is so prevalent in MarTech today, we must make user data available, affordable, and easily accessible. This is why we invented TesseractDB ™.” TesseractDB ™ is a giant technological leap that removes all data related limitations typically associated with the MarTech industry. Using TesseractDB ™, digital brands can offer each user a magical onboarding experience and continue to deliver delightful experiences throughout their journey. TesseractDB ™ enables CleverTap to offer unmatched technology, features, and capabilities - Unlimited data look back periods without any limitations High speed, scale, and unmatched throughput Rich, granular first-party user data storage Built-in real-time machine learning and AI Hyper-personalized engagement and recommendations “Until now, data look back and access limitations, created by overages and cost, prevented brands from unlocking the full potential of first-party user data for engagement. This is a deep tech and science problem. With TesseractDB ™, CleverTap provides the industry’s most versatile segmentation and data processing engine for mobile engagement, ” says Momchil Kyurkchiev, Chief Strategy Officer, CleverTap. He adds, “TesseractDB ™ is designed to provide MarTech professionals a cost-effective and efficient way to capture unlimited data streams and deliver actionable insights and analytics to drive personalization and engagement.” About CleverTap CleverTap is the modern, integrated retention cloud that empowers digital consumer brands to increase customer retention and lifetime value. For brands that understand and value user retention, CleverTap drives context and individualization with the help of a unified and deep data layer, AI/ML-powered insights and automation. Customers worldwide representing over 10,000 apps, including Premier League, Bolt, Truecaller, Current Mobile, Trebel, Zé Delivery, TitleMax, YouNow, Albo, Vodafone Idea, SonyLIV, Gojek, Carousell, and Premier League, trust CleverTap to achieve their retention and engagement goals, growing their long term revenue. Backed by leading venture capital firms, including Sequoia India, Tiger Global Management, and Accel, the company is headquartered in Mountain View, California, with offices in Mumbai, Singapore, and Dubai. For more information, visit https://clevertap.com/ or follow on LinkedIn and Twitter. Forward-Looking Statements Some of the statements in this press release may represent CleverTap’s belief in connection with future events and may be forward-looking statements, or statements of future expectations based on currently available information. CleverTap cautions that such statements are naturally subject to risks and uncertainties that could amount in the actual result being absolutely different from the results anticipated by the statements mentioned in the press release. Factors such as the development of general economic conditions affecting our business, future market conditions, our ability to maintain cost advantages, uncertainty with respect to earnings, corporate actions, client concentration, reduced demand, liability or damages in our service contracts, unusual catastrophic loss events, war, political instability, changes in government policies or laws, legal restrictions impacting our business, impact of pandemic, epidemic, any natural calamity and other factors that are naturally beyond our control, changes in the capital markets and other circumstances may cause the actual events or results to be materially different, from those anticipated by such statements. CleverTap does not make any representation or warranty, express or implied, as to the accuracy, completeness or updated or revised status of such statements. Therefore, in no case whatsoever will CleverTap and its affiliate companies be liable to anyone for any decision made or action taken in conjunction with the information and/or statements in this press release or any related damages. Contact Details Sony Shetty sony@clevertap.com Company Website https://clevertap.com/

June 07, 2022 03:38 PM Eastern Daylight Time

Web3 Computing has Great Growth Potential, says Huobi Research Institute

Huobi Research Institute

While the adoption of Web2 computing technologies has gained traction in both the consumer and enterprise segments, security breaches and privacy concerns continue to mar this space. Web3 computing, with its inherent ability to alleviate such issues, will likely see massive growth in the near future and eat into Web2 computing’s market share, says a report by Huobi Research Institute. In Web3 computing, compute power from each user is shared across the blockchain network for data processing. User data is protected by a private key while data computed is verified by public key. Data is then networked from blocks to miners in a proof of work system, or validators in a proof of stake system. Results are generated when miners or validators compute the data from the blocks. Titled “ Web3 Computing: Where are the Opportunities and How to Avoid Traps ”, the report contends Web3 computing has room to grow in the decentralized cloud computing, distributed Artificial Intelligence (AI) and decentralized Virtual Private Network (dVPN) segments and examines each in detail. The report notes that centralized entities, which are prevalent in the Web2 world, are susceptible to data breaches because of the way data is stored, transferred and networked. As a single set of nodes is responsible for protecting multiple data sources, Web2 computing is subject to a single point of failure. Data colonialism is also of concern, with questions raised over data ownership by current tech giants. Web3 computing’s focus on user privacy will combat such concerns and fuel its growth. Demand for Web3 computing will be dependent on demand from other blockchain networks, NFT data links and marketplaces, Augmented Reality (AR), Virtual Reality (VR), and Peer-to-Peer (P2P) enterprises. Blockchain-powered AI processing and computing has the potential to solve automation bottlenecks as on-chain data fed by users could drive neural networks to learn much faster than they do today using Web2 technologies. Such improvements in automation could solve existing problems present in the healthcare and manufacturing industries, among others. In the dVPN market, focus will be placed on forging private and secure connections, as data is processed on-chain. “The AI and deep-neural network market backed by the power of the blockchain is still in its early stages of development but holds great potential to add value to enterprise applications,” says Dave Lee, Researcher at Huobi Research Institute and author of the report. “The dVPN market will also see growth in the near future as citizens demand greater privacy and censorship-resistant networks.” To download the full report, click here. About Huobi Research Institute Huobi Blockchain Application Research Institute (referred to as "Huobi Research Institute") was established in April 2016. It is committed to researching and exploring new developments in the global blockchain industry. Its goal is to accelerate the research and development of blockchain technology, promote its applications, and improve the global blockchain industry ecosystem. Huobi Research Institute covers industry trends, emerging technologies, innovative applications, new business models, and more. Huobi Research Institute partners with governments, enterprises, universities and other institutions to build a research platform that covers the entire blockchain industry. Its professionals provide a solid theoretical basis and analyze new trends to promote the development of the industry. Contact Details Ker Zheng +86 139 2280 3249 media@global-hgroup.com Company Website https://huobiresearch.medium.com/

June 07, 2022 11:00 AM Eastern Daylight Time

Telos Blockchain Sponsors Unbound Now Gala

Telos Foundation

The Telos Foundation is proud to announce that it will be the official sponsor for the 2022 Unbound Now Gala happening on June 7th in Waco, Texas. Telos is firmly in favor of all that Unbound Now stands for and has accomplished as a non-profit organization and is pleased to support them as they continue to provide aid for humanity’s most vulnerable. Tuesday’s gala celebrates 10 years of Unbound Now’s work to end human trafficking in local communities and around the world. Telos believes that global ESG concerns such as human trafficking, an illicit practice that has more than tripled in the last decade, must be eradicated at all costs. Unbound Now is leading the effort to help save the victims from this heartless act. Founded in the United States in 2012, Unbound Now has grown substantially, launching in several locations worldwide, including Cambodia, Mongolia, Indonesia, South Africa, and various countries in Europe. While their operations vary from one city to the next, Unbound offers three main lines of effort: Prevention and Awareness: Unbound Now works to educate and empower youth, spread awareness through citywide outreaches and provide human-trafficking presentations to groups and organizations. Professional Training: Unbound Now provides training to equip all professionals to use their skills to identify and serve victims of human trafficking. Survivor Advocacy: Unbound Now advocates for victims and survivors by meeting immediate needs, supporting survivors and their families, and connecting each survivor with resources for his or her unique restoration journey. The values and principles of the Telos team are closely aligned with those of Unbound Now and looks forward to making its contribution to put an end to human trafficking - once and for all. About Telos Live since 2018, Telos Blockchain (ticker: TLOS) is an ESG compliant Layer 1 smart contract platform that offers full-service compatibility with Solidity, Vyper and Native C++ smart contracts. The chain along with all of its departments operates at Net Zero status and offers the use of its fair smart contract powered governance system to any interested organization in modular fashion. The chain is capable of finalizing over a billion low-fixed-cost (w/ a feeless option) transactions per day. Since the launch of mainnet, Telos has operated with a flawless network uptime record. The validators of the network are globally decentralized, vetted (KYC) and are all equitable in size. Telos is one of the only Layer 1 Blockchain to be both credibly neutral in both its finances and its architecture. About The Foundation The Telos Foundation is a Decentralized Autonomous Organization established as a promotional and funding body to advance the Telos Blockchain Network and provide support to network applications. Contact Details The Team hello@telosfoundation.io Company Website https://www.telos.net/

June 07, 2022 10:21 AM Eastern Daylight Time

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Minuteman Press Franchise Owner Ken Tays Receives Veteran Business Award from NJ State Veterans Chamber of Commerce and The American Legion

Minuteman Press International Inc

US Army Veteran Ken Tays, who owns the Minuteman Press franchise in Newark located at 20 Clinton St., was recognized with the award for Veteran Business under $3 Million by the NJ State Veterans Chamber of Commerce (NJSVCC) and The American Legion at the Disabled Veteran and Veteran Business Summit. The event was held on May 10 th, 2022 at Middlesex College in Edison. The Summit connected over 100 Veteran-owned businesses with private companies and state agencies to help facilitate partnerships on upcoming projects. Ken says, “It was a real honor to attend the Summit, connect with so many other Veterans and supporters of Veterans, and receive such a prestigious award from the New Jersey State Veterans Chamber and The American Legion. My business, Minuteman Press in Newark, is a small, Veteran-owned franchise, and an event like this is really helpful and inspiring to me.” Ken served in the US Army for 11 years and then earned his degree in financial services. Ken shares, “I worked as a Federal Bank Regulator for 12 years and then entered the private sector working for companies like PwC and Citibank. I decided to research franchise opportunities because I wanted to be my own boss.” In 2019, Ken bought Minuteman Press in Newark. He took over the successful business from Holly Kaplansky, who retired after owning and operating Minuteman Press in Newark for 15 years. Ken says, “At its core, Minuteman Press International is a family-owned business. I went out to Long Island and CEO Bob Titus talked to me for an hour and a half. I was looking for a printing franchise that had that family-like atmosphere and wasn’t so corporate. The other franchises I looked into just didn’t have that same feel to them where I felt comfortable like I did with Minuteman Press.” As for why Minuteman Press is the right fit for Veterans, Ken shares, “I feel like this is my business and yet Minuteman Press provides me with that security blanket of local support and guidance. I have no printing experience and the training and ongoing assistance from Jim Galasso and the local field staff here in Newark really helps me. I know I can contact anyone in the company and they will respond and be there without breathing down my neck all the time.” When asked about the rewards of owning his own business, Ken’s first inclination is to say, “Work life balance. That is something I feel like I have even though I am working hard and always on. I love the challenge of running my own business and being responsible for everything. I spent a lot of time in corporate America making money for other people and I wanted to do this. There are ups and downs but it’s on my time.” Ken’s advice for others who are looking into business ownership or franchising is, “I would say that I looked at a lot of businesses. Find something that is a good fit for you, and find a franchisor that has what you’re looking for. I spent several months doing my due diligence, and once you make that decision, you have to be committed.” For more information on Ken Tays’ Veteran-owned Minuteman Press business in Newark, NJ, visit https://www.mmpnewark.com. Learn more about #1 rated Minuteman Press franchise opportunities at https://minutemanpressfranchise.com. Contact Details Chris Biscuiti +1 631-249-1370 cbiscuiti@mpihq.com Company Website https://minutemanpressfranchise.com

June 07, 2022 10:00 AM Eastern Daylight Time

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Effectiv, A Next-Gen Fraud Prevention Startup, Achieves SOC 2 Type 2 Compliance

Effectiv

In accordance with the American Institute of Certified Public Accountants (AICPA), Effectiv has achieved SOC 2 Type 2 compliance. This attestation report serves as validation of Effectiv’s dedication and commitment to customers and the security of their data. Security is the foundation upon which Effectiv products are built and upon which trust is earned and maintained with their customers. With Drata's automated platform, Effectiv’s internal security controls are being continuously monitored against the highest standards for security. Conducted by Prescient Assurance, a leader in security and compliance attestation for B2B, SaaS companies around the world, this attestation report affirms Effectiv’s information security practices, policies, procedures, and operations meet the rigorous SOC 2 Trust Service Criteria for security, confidentiality, and availability. Effectiv’s SOC 2 Type 2 compliance demonstrates to current and future customers that their data is being handled securely and in a manner that protects the organization as well as the privacy of its customers. About Effectiv Effectiv provides a fraud and compliance automation platform for fintechs, mid-sized banks and credit unions. Its mission is to automate compliance needs while helping customers manage fraud with a best-in-class solution combining human and artificial intelligence interaction. Founded in the United States in 2021, Effectiv has a presence in San Francisco, London and Hyderabad. The founding team - Anupam Tarsauliya, Jonathan Doering, Ravi Sandepudi and Ritesh Arora - have over four decades of combined experience in fighting fraud and building machine learning-driven fraud solutions at companies like Google, PayPal, Samsung, WalmartLabs, and Hitachi. Effectiv is backed by Accel, REV, and several industry leaders. Contact Details Effectiv Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://effectiv.ai/

June 07, 2022 10:00 AM Eastern Daylight Time

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Nearly All Americans Now View Video Game Play as Beneficial Following COVID-19 Lockdowns

The Entertainment Software Association

The Entertainment Software Association (ESA) today released the findings of its 2022 Essential Facts About the Video Game Industry report. The report shows that players are of all ages and backgrounds and illustrates how the industry continues to impact people, culture and the economy – with 97% of all Americans now seeing the benefits of video games. “Last year, we saw the pandemic accelerate the growth of gameplay across the country, as people of all ages turned to video games – whether to relax, maintain community, exercise or learn something new,” President and CEO of the ESA Stanley Pierre-Louis said. “This year’s report demonstrates the impact video games continue to have – supporting wellness and mental health, strengthening relationships, providing community, facilitating skills development and introducing people to new places, cultures and ideas.” Following a record-breaking number of people playing video games in 2021, the new Essential Facts report shows that as the country emerges from the pandemic, people remain highly engaged with and inspired by video games. According to the 2022 report, more than 65% of Americans play video games – which translates to more than 215.5 million players from all walks of life – and gameplay time continues to rise among players, with average weekly time at 13 hours, up 7% from 2021. There was also an uptick in the proportion of players who view games as beneficial to skills development, mental health and community building: 89% of players say video games provide stress relief, while 88% say video games help improve cognitive skills. 88% percent of players agree that video games bring different types of people together, while 83% say games introduce people to new friends and relationships, a 5 percentage point increase from 2021. 61% of players say 89% of all Americans view video games as useful for building skills, with problem-solving as the leading skill (82%). Other skills saw increases, including conflict resolution at 63% (up 8 percentage points from 2021) and leadership skills at 61% (up 7 percentage points from 2021). Other notable results include: 69% of households have at least one video game player. Nearly one third of adult video game players are parents. Smartphones are the most common device for playing games – 70% of players use their phones for play, while 18% solely use their phones. Casual genres, such as matching, brain puzzles, party, music and dance, and exercise games, continue to be the most played. The ESA’s 2022 consumer survey was conducted using online methodology. A 15-minute questionnaire was completed by a representative sample of 4,011 US consumers ages 18 and older in February 2022 (margin of error +/- 2%). Video game players who play at least one hour a week are a subset of this total, representing 2,548 of respondents. The survey defines video games as games that may be played on a console, personal computer, mobile device, VR device, etc. These games could include computer and console video games, social games, mobile augmented reality games, virtual reality games and “edutainment” games. You can access the complete 2022 Essential Facts Report at https://www.theesa.com/resource/2022-essential-facts-about-the-video-game-industry/. About the ESA The Entertainment Software Association (ESA) serves as the voice and advocate for the U.S. video game industry. Its members are the innovators, creators, publishers and business leaders that are reimagining entertainment and transforming how we interact, learn, connect and play. The ESA works to expand and protect the dynamic marketplace for video games through innovative and engaging initiatives that showcase the positive impact of video games on people, culture and the economy. For more information, visit the ESA’s website or follow the ESA on Twitter @theESA. Contact Details Karen Elliott +1 202-223-2400 kelliott@theESA.com Company Website https://www.theesa.com/

June 07, 2022 09:00 AM Eastern Daylight Time

ThreatModeler Announces New Patent for IaC-Assist

ThreatModeler Software, Inc

ThreatModeler, a leader in securing cloud infrastructure from design to deployment, today announced the issuance of their newest patent, which makes the IaC-Assist a proprietary technology. The patent, US Patent No. 20220004645A1, has been issued and granted as of April 26, 2022. With IaC-Assist, any user can truly shift left as it relates to implementing security within the code. Users can identify, review, and mitigate security flaws while writing the code in real-time - with simply the click of a button and without leaving their coding environment. IaC-Assist creates a more time and cost-efficient solution to the build process, saving developers the hours it would have taken to build designs and review its security. “Our patented solution, IaC-Assist, reduces threat drift from code to cloud and gives users a simple and efficient solution in truly shifting left,” said Archie Agarwal, Founder and CEO, ThreatModeler. “This patented technology is the only solution in the industry that helps you build threat models from your IDE itself and updates the threat model as you update the code. We’re excited to have these streamlined capabilities patented and available to users.” This patented technology solution is the first of its kind that helps to reduce threats from code to cloud. Users can implement the technology as a processor-executed method of generating a threat model from a code file. The system can analyze the code file, identify properties associated with the resources included in the code file, and generate a threat model based on the resources determined as a security threat. This technology addresses industry pain points by giving tools for security teams to work more collaboratively with the development organizations. Additionally, instead of adding more steps to the build and deploy process, this technology fits within the existing process and enables developers to build security within the code with the least amount of time lost. To learn more about this new patent and ThreatModeler technology, please visit here. About ThreatModeler Software, Inc. ThreatModeler Software, Inc. 's suite of products empowers DevOps to measure their threat drift from code to cloud. With a fraction of the time and cost tied to other tools, users can design, build and validate threat drift from development to deployment. Teams can instantly visualize their attack surface, understand security requirements and prioritize steps to mitigate threats. CISOs can make critical security-driven business decisions to scale their infrastructure for growth. Contact Details Clayton Murtle ThreatModeler@luminapr.com

June 07, 2022 08:00 AM Eastern Daylight Time

NexWafe Welcomes Bruno Laranjeira as New Chief Financial Officer

NexWafe

NexWafe GmbH today announced Bruno Laranjeira has joined the company as Chief Financial Officer (CFO). Laranjeira brings significant startup venture and energy market experience to NexWafe and will help the company scale its finance and administrations functions. “Bruno’s background and experience are tightly aligned with the needs of the company, particularly as we position NexWafe for a Series D funding round,” said Davor Sutija, CEO, NexWafe. “His multi-layered expertise in strategy and finance and demonstrated track record of impact in high-growth environments make Bruno the ideal executive to drive our financial strategy now and in the future.” NexWafe recently closed its Series C funding round with an additional 7 million Euros in the second close. This brings the total Series C financing to 39M Euros. These funds will be used to complete product and technology development for NexWafe’s solar photovoltaic products on prototype lines in Freiburg. The funding from the projected Series D round will advance the construction of NexWafe’s pilot facility scheduled to break ground early next year. NexWafe is creating processes to develop and produce high-efficiency monocrystalline silicon wafers directly from inexpensive raw materials, going directly from the gas phase to finished wafers. This unique, patented wafer manufacturing solution significantly reduces production costs, cuts carbon emissions by more than 70 percent when compared to traditional processes and is leading the path to solar cell efficiency of over 30 percent. NexWafe is a member of the Ultra Low-Carbon Solar Alliance, Solar Power Europe and the European Solar Manufacturing Council. Prior to his new position with NexWafe, Mr. Laranjeira served as the CFO of Dott and in various executive-level financial roles at The AES Corporation. He was also an Engagement Manager at McKinsey & Company where he worked together with clients to solve complex business problems and implement solutions for sustainable value creation. Mr. Laranjeira earned a Ph.D. in Finance from the University of Illinois at Urbana-Champaign (UIUC). He was awarded the UIUC Carey Memorial Fellowship in Finance, the Brandt Fellowship, and the University Fellowship for his research on corporate finance. He published his research in the NBER working paper series and in the Critical Finance Review journal. Frank Siebke, a co-founder of NexWafe who served as CFO since the company’s inception, is moving to the position of SVP Strategic Business Development. About NexWafe GmbH NexWafe GmbH designs, develops and pilots a proprietary process to produce ultra-thin, high efficiency, monocrystalline green solar wafers to make photovoltaics more sustainable and efficient. Fully compatible with conventional solar cell manufacturing, NexWafe offers a 70% reduction in carbon dioxide emissions during manufacturing. NexWafe’s continuous, direct gas-to-wafer manufacturing process also minimizes waste, resulting in wafers that are 30% less expensive than conventional wafers. NexWafe’s in-line, ultra-scalable process shatters cost down roadmap barriers and inherently supports the industry’s extraordinary growth as the transition to solar power accelerates worldwide. The company was spun out from Fraunhofer Institute for Solar Energy Systems ISE in 2015. For more information, please visit https://www.nexwafe.com and follow us on LinkedIn and Twitter. Contact Details Rainier Communications Jenna Beaucage +1 508-340-6851 nexwafe@rainierco.com Company Website https://www.nexwafe.com

June 07, 2022 07:46 AM Eastern Daylight Time

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