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Sharps Technology (STSS) To Enter The Copolymer Prefillable Syringe Market With Strength And Ahead of Plan Through Pending Manufacturing Facility Acquisition and $400M Nephron Deal

Benzinga

By Meg Flippin, Benzinga Sharps Technology Inc. (NASDAQ: STSS) is pushing into the copolymer prefillable syringe market thanks to a deal with Nephron Pharmaceuticals Corp., a leader in contract manufacturing of generic medications and 503B outsourcing that includes prefillable sterile syringes. Sharps announced the signing of an Asset Purchase Agreement (APA) to acquire Nephron’s InjectEZ specialty syringe manufacturing facility for $50 Million. This includes a 10-Year purchase agreement for over $400 Million from Nephron Pharmaceuticals for Sharps’ next-generation copolymer prefillable syringe systems. Product delivery is scheduled for the first quarter of 2024 with revenue totaling approximately $30 Million for the first twelve months of production and subsequent revenue of over $45 Million per year beginning in 2025, and continuing through 2033. “With this landmark purchase agreement in place for our copolymer prefillable syringes, we will accelerate the realization of our shared goals, transition the company to revenue, and propel Sharps into a new phase of growth and sustainability,” commented Robert Hayes, CEO of the medical device and pharmaceutical packaging company specializing in developing and manufacturing copolymer drug delivery systems. “At the forefront of our growth trajectory are our copolymer-based prefillable syringe systems, a sector that is experiencing escalating market demand and is poised to shape the future of Sharps.” Owning Manufacturing For A Market Poised For Growth Market research is forecasting significant growth within the prefillable syringe segment, with product demand outstripping supply for the foreseeable future. The market for prefilled syringes is projected to grow at a compound annual growth rate of ~12% from 2022 to 2030, according to Grand View Research. The prefilled syringe market is a niche sub-industry within the healthcare sector and Sharps will serve both Nephron and other customers within the copolymer segment of the market. Contributing to the demand for copolymer-based syringes are the glass-like features without breakage, and the market could be ripe for growth due to the global lack of capacity for these products and technical challenges in production that Sharps’ team reports a wealth of experience in. Under the terms of the deal, Sharps is paying $50 million for the InjectEZ specialty copolymer syringe manufacturing facility, which is one of the only fully dedicated facilities to manufacture these types of syringes in North America. Located on Nephron’s campus in West Columbia, South Carolina, InjectEZ has fully automated prefillable syringe system manufacturing capabilities that utilize ISO cleanrooms for all key areas including injection molding, high-speed automated assembly, and specialty packaging lines that are equipped with Husky molding machines and Hahn automation. With full control of the InjectEZ facility through this transaction and the capacity from the Company’s wholly-owned manufacturing facility in Hungary, Sharps will have the ability to supply Nephron with their prefilled syringe needs and also commercialize products to the broader healthcare syringe market. The company expects the deal to generate “significant” short and long-term revenue. Nephron Inks 10-Year Purchase Agreement As a result of this deal the Company’s first customer will be Nephron, which inked a 10-year purchase agreement for Sharps’ next-generation copolymer prefillable 10 mL and 50 mL syringes. Minimum orders will be over $400 Million during that period. Sharps expects to begin delivering products to Nephron in the first quarter of 2024, representing about $30 million in revenue for the first 12 months of production. Starting in 2025, Sharps expects revenue of at least $45 million per year through 2033 from Nephron, with additional revenue from its capacity to serve the broader market for its products. “As a company that is transitioning from research and development to commercialization, this is a significant development that will have a meaningful impact on Sharps’ revenue and profitability,'' states Mr. Hayes. We anticipate Nephron's start-up volume to be approximately 60% of our initial planned manufacturing capacity, which will provide Sharps with the ability to fully service Nephron’s needs and to also sign purchase orders for our products from other companies in the healthcare market.” To finance the acquisition of InjectEZ, Sharps retained Lampert Capital Advisors, a provider of financing solutions to public and private companies. Lampert is engaged in a financing process that has resulted in a signed term sheet with a leading middle-market lender for up to $75 Million in debt financing to be used for the acquisition of InjectEZ, production line enhancements, working capital, transaction fees and expenses, and general corporate purposes. Continuing Relationships and Growth Sharps announced a manufacturing and research partnership with Nephron Pharmaceuticals in November 2022 to support the manufacturing of its innovative prefillable syringe systems. Through the successful completion of the new Asset Purchase Agreement and the 10-year purchase agreement, Sharps is poised to have a full partnership and a U.S. footprint that will provide a strong baseline of revenue for Sharps for many years. The new agreement will leverage synergies from both companies and enable Sharps to commercially enter the prefilled syringe landscape with manufacturing strength and ahead of plan. These developments are the culmination of a strong partnership developed in 2022, and may be just the beginning: “We are excited about the opportunities that lie ahead as we strengthen our relationship with Nephron and will update our shareholders as the transaction advances,” said Mr. Hayes. This post contains sponsored content. This content is for informational purposes only and not intended to be investing advice. Contact Details Benzinga +1 877-440-9464 info@benzinga.com Company Website http://www.benzinga.com

October 06, 2023 08:50 AM Eastern Daylight Time

DataWeave and PriceAdvantage Forge Strategic Partnership to Bolster Fuel Pricing Intelligence Solutions

DataWeave

DataWeave, a leading provider of competitive intelligence and digital shelf analytics for retailers and consumer brands globally, announced today that it has entered into a strategic partnership with PriceAdvantage, a division of Skyline Products, to provide fuel retailers, convenience stores, and gas stations with the industry’s most advanced fuel pricing intelligence solution. "We are excited to announce our partnership with PriceAdvantage, marking a significant step in strengthening our footprint within the North American fuel pricing market," said Karthik Bettadapura, Co-founder and CEO of DataWeave. “This collaboration signifies our commitment to providing customers with an all-encompassing fuel pricing solution, powered by our first-party fuel pricing data, which is aggregated directly from hundreds of online web sources and mobile apps." PriceAdvantage enables customers to make rapid, informed fuel pricing decisions based on their unique business rules, managing by exception, then automatically post new prices to their POS systems, fuel pumps, and price signs, and then receive price change confirmation – all in just minutes. “We are delighted to extend a warm welcome to DataWeave as an integration partner, enriching our fuel pricing platform with access to robust competitive fuel pricing data," said Chip Stadjuhar, CEO of Skyline Products. "In an industry where even a difference of a few cents in prices can translate to a substantial impact on top-line revenue, DataWeave introduces an unparalleled degree of geographical coverage to fuel pricing across North America. As a platform that remains data agnostic, we are excited about the enhanced opportunities this partnership presents our customers, empowering them to elevate their fuel pricing strategies at scale." DataWeave's integration with the PriceAdvantage fuel pricing platform offers fuel retailers, convenience stores, and gas stations a range of significant benefits: Reliable first party data at scale: DataWeave's fuel price data is sourced directly from online web sources and mobile apps, covering a broad spectrum of gas stations and retailers, from major brands to independent retailers, across over 30,000 ZIP codes. This is in contrast to several other fuel price data providers that rely on third party data sources and offer only partial geographical coverage. Timely and fresh pricing data: DataWeave’s data aggregation platform can capture and deliver fuel prices as frequently as every 30 minutes nationwide. Due to its integration with the PriceAdvantage platform, users can set rules to automatically update their fuel prices at their POS, pumps, and fuel price signs in near-real-time, based on up-to-date competitive data. Off-the-shelf solution for swift and seamless access: DataWeave's fuel price data is available to be consumed readily on the PriceAdvantage platform, requiring little to no effort in integrations or set up. In addition, DataWeave supports customization in the scale, coverage, and format of the data, to address specific customer needs. “Accurate data is the cornerstone of any reliable pricing intelligence system,” said Krish Thyagarajan, President and COO of DataWeave. “Our decade-long track record of providing competitive intelligence solutions to global retailers across diverse verticals has uniquely positioned us to bring our unwavering commitment to data quality to the world of fuel pricing. This becomes particularly significant in an industry often characterized by data providers offering synthetic data derived from historical pricing patterns where data gaps exist.” DataWeave extends potential customers the opportunity to experience the accuracy, coverage, and quality of its data firsthand via a proof-of-concept before signing up. For more information on DataWeave’s Fuel Pricing Intelligence solution, visit the DataWeave website. About DataWeave DataWeave is a SaaS-based digital commerce analytics platform that provides competitive intelligence to retailers and digital shelf analytics to consumer brands globally. With DataWeave, retailers can make smarter pricing and merchandising decisions while consumer brands can optimize their digital shelf for KPIs like share of search, content quality, price competitiveness, and stock availability. DataWeave also provides fuel retailers, convenience stores, and gas stations with accurate, comprehensive, and real-time competitive fuel pricing data. For more information on DataWeave, visit www.dataweave.com. About PriceAdvantage PriceAdvantage creates Software to Fuel Your Pricing Strategy. The easy-to-use, highly configurable, patented solution allows fuel marketers to execute their unique fuel pricing strategy faster and more accurately by reducing manual processes and human errors. PriceAdvantage enables customers to make rapid, informed fuel pricing decisions based on their unique business rules, then automatically post new prices to their POS systems, fuel pumps and price signs, and then receive price change confirmation – all in just minutes. PriceAdvantage is singularly focused on fuel price management and execution software and is a division of a privately held U.S. company, Skyline Products, which produces software solutions and thousands of American-made electronic price and transportation signs annually. Learn more at www.priceadvantage.com. Contact Details DataWeave Shailendra Nagarajan +1 416-407-8892 shailendra@dataweave.com

October 05, 2023 02:15 PM Eastern Daylight Time

News Release

Lightwave Logic picks up industry award for its work in "speeding up the internet"

Lightwave Logic, Inc.

Lightwave Logic, Inc. (NASDAQ:LWLG) Chairperson and CEO Michael Lebby speaks to Proactive London from the sidelines of the ECOC (European Exhibition on Optical Communications) Exhibition 2023 in Glasgow. Lebby gives a brief overview of the work Lightwave Logic is doing with its electro-optic polymer technology to help "speed up the internet" and highlights the "Most innovative Product – Hybrid PIC/Optical Integration Platform" award the company received at this week's event. Looking ahead, Lebby highlighted the company's focus on deepening commercial interactions, having already secured their first commercial licensing deal in May. "We're in lots of discussions with other folks that are interested in licensing our technology and also we're in discussions with folks looking at our technology itself for product sales. So what investors can expect to see is a lot more activity there... in general these are really exciting times for us." Contact Details Proactive Investors +44 20 7989 0813 uk@proactiveinvestors.com

October 05, 2023 01:22 PM Eastern Daylight Time

Video

News Release

1606 announces launch of revolutionary AI chatbot to enhance customer experiences is expected soon

1606 Corp.

1606 Corp CEO Greg Lambrecht joined Steve Darling from Proactive to share news that the company’s new AI chatbot ChatCBD, which is designed to revolutionize the customer experience will soon be live. Lambrecht explained that ChatCBD, developed in partnership with Cool Blue Distribution, is a comprehensive and custom-tailored tool that aims to respond to customer inquiries related to CBD and provide product recommendations from a range of retail brands available through Cool Blue Distribution, a prominent CBD distributor in the United States. What sets ChatCBD apart is its incorporation of Natural Language Processing technology, which enables it to respond to customer queries with a remarkable degree of precision and understanding, akin to human interactions. The chatbot operates 24/7, ensuring that customers receive prompt assistance and solutions to their questions, even outside regular business hours. This innovative approach not only enhances the customer experience but also showcases 1606 Corp's commitment to leveraging cutting-edge technology to provide valuable solutions in the growing CBD market. By offering an AI-driven chatbot for CBD-related inquiries and product recommendations, 1606 Corp aims to create a seamless and informative shopping experience for consumers exploring the world of CBD products. This initiative underscores the company's dedication to staying at the forefront of the CBD industry. Contact Details Proactive Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

October 05, 2023 12:10 PM Eastern Daylight Time

Video

Pump Launches PumpGPT to solve AWS business support challenge

Pump

Thousands of companies rely on cloud provider Amazon Web Services (AWS) to function, spending close $100b every year. Using AWS comes with a steep learning curve and immense complexity, so it is unsurprisingly almost 10% of their budget is spent on the AWS support function. Helping these companies save that support spend, cloud spend manager Pump has today launched PumptGPT the first GPT-powered AI AWS support tool trained on a customer's own cloud environment. Pump has been working hard on democratizing cost savings on AWS, extending significant discounts that were once reserved for only large enterprises to everyone else. AI startup Pump is a FinOps platform that offers group-buying helping small businesses effortlessly save 60% on AWS spend. Within just a few minutes of setting up, users can reduce AWS expenses across 12 key AWS services. Notably, Pump's solution requires no access to code or engineering resources, operating with minimal permissions solely on cost data. Pump is now addressing questions and complexities of AWS for those without an in-house team. While basic billing support is offered for free by AWS, businesses are often compelled, by complex requirements, to subscribe to AWS business support for 24 x 7 technical support and contextual architectural guidance. This further costs them an astounding 10% of their total monthly bill. PumpGPT, the in-house AWS expert and DevOps engineer, is now available 24/7 and completely free for end-users. Trained on AWS documentation and proficient in Python and Java, PumpGPT boasts a deep understanding of real-world cloud usage, enabling it to swiftly address any inquiries related to AWS services, billing, and architecture. It serves as a reliable knowledge base, offering precise and comprehensive answers, empowering users to make informed and cost-effective decisions based on their own unique AWS environment. PumpGPT leverages advanced techniques such as deep prompt enrichment and domain-specific data integration to provide accurate and insightful responses while preventing misinformation. Users can dive up to eight levels deep in question threads for in-depth insights. Pump also bridges to human support by assisting users in filing support tickets when necessary. PumpGPT's exceptional performance extends to certification, having scored over 91% on every AWS Certified Solutions Architect exam attempt, even surpassing the renowned GPT-4 in accuracy by up to 90%. This achievement solidifies PumpGPT as an honorary graduate in the realm of AI-powered solutions. Spandana Nakka, CEO of Pump commented: "Our mission has always been to use technology to democratize all aspects of AWS for our customers. First, we tackled spending, helping users save up to 60%. Now, we're taking on support. With PumpGPT, quality AWS support should not be a luxury; it's a given." According to Gartner, cloud spending is projected to reach $600 billion in 2023, growing steadily at 20% year over year. The advancement in AI and the generative AI explosion have further accelerated spending on major cloud providers. AWS leads the space, hosting over 1.4 million businesses, with 90% of them being small and mid-sized companies. More than half of these companies either struggle to comprehend where cost optimization is needed or lack the in-house resources to execute a proper process. Paul Lee, Board Partner at Tribe Capital commented: “Pump is walking the talk on dealing with cloud spend. They’ve quickly hit the 200 customers milestone and are growing quickly. Their latest innovation PumpGPT will be game-changing and shows how determined they are to get under the hood of the pains businesses are facing right around the world” Pump was founded in early 2022 by Spandana Nakka, during a period when the tech industry experienced an economic downturn, and cost savings were of paramount importance. The team is made up of serial entrepreneurs and Google engineers who had previously exited a startup, drawing from their own struggles with cloud cost management. Pump is backed by Y Combinator and currently serves over 200 companies, helping them save more than $12 million per year. Spandana Nakka added: “Our commitment to democratizing AWS costs for small businesses is just the beginning. In the years to come, we envision both Pump and PumpGPT evolving into a true partner in digital transformation. They will not only answer questions but anticipate needs, proactively optimizing AWS usage and costs. We anticipate it becoming an integral part of every organization's cloud strategy, guiding them toward greater efficiency, agility, and success.” “Indeed, our vision extends beyond the horizon of AWS. We aim to continually push the boundaries of what technology can achieve, staying at the forefront of AI innovation. PumpGPT's relentless pursuit of accuracy and insight will be instrumental in realizing this vision.” PumpGPT is now available for all Pump’s customers. To learn more and sign up, visit: https://pump.co/pumpgpt About Pump Pump uses group-buying and AI to deliver automated savings of up to 60% on AWS, with no engineering input needed. Pump is absolutely free for anyone to use, and the bigger the collective of customers, the better the savings are for everyone. Pump is backed by YCombinator and has about 200+ companies using them to save over $12M+ this year. For more information please visit https://pump.co/ Contact Details Pump Bilal Mahmood +44 7714 007257 b.mahmood@stockwoodstrategy.com Company Website https://pump.co/

October 05, 2023 08:00 AM Pacific Daylight Time

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ARway Corp CPO Shadnam Khan announces exciting partnership expansions with key agencies

ARway

ARway Corp chief product officer Shadnam Khan shared exciting updates regarding the company's strategic partnerships with Steve Darling from Proactive. These partnerships encompass a range of verticals and are expected to drive significant growth for the company. One notable partnership is with AI Africa, a digital agency and marketing firm specializing in retail and event organization. AI Africa has an impressive client portfolio, including a prominent social media company with a massive monthly engagement of 5 million followers. The partnership with ARway is expected to enhance AI Africa's presence in the events industry, offering opportunities for innovation and growth. Additionally, AI Africa collaborates with a prominent local tourism department and a distinguished property management company that owns and manages 17 malls and shopping centers. Another key partnership is with Vraxa, an international production house specializing in 360 videos and AR/VR/XR solutions. Vraxa serves clients in various sectors, including retail, media, and healthcare, representing a wide range of use cases for ARway's technology. These partnerships signify ARway Corp's commitment to expanding its presence and leveraging its augmented reality technology across diverse industries and applications. Contact Details Proactive Investors Canada +1 604-688-8158 na-editorial@proactiveinvestors.com

October 05, 2023 10:25 AM Eastern Daylight Time

Video

Most Powerful Crypto Miners now Easy To Use

ASICRUN

ASICRUN has recently introduced three energy efficient crypto miners that are helping users maximize their mining profits. These power-packed ASIC miners are capable of mining Bitcoin, Litecoin, and Dash, delivering unmatched performance and ease of use. Most Powerful Miners AR1, AR2, and EliteAR miners from ASICRUN are arguably the most powerful mining rigs ever because of their high hash rates. Many industry experts strongly believe that the hash rates of these mining rigs are unprecedented in the industry. *AR1 Miner: Bitcoin 1050 TH/s, Litecoin/Doge 400 GH/s, Dash 20 TH/s *AR2 Miner: Bitcoin 2200 TH/s, Litecoin/Doge 900 GH/s, Dash 45 TH/s *EliteAR Miner: Bitcoin 4900 TH/s, Litecoin/Doge2200 GH/s, Dash 100 TH/s Energy Efficiency and Profit Maximization Though ASICRUN miners have very high processing power, their energy consumptions are moderate. AR1, AR2, and EliteAR have consumptions of 650 W, 1300 W, and 2800 W, respectively, translating into monthly energy expenditures ranging from $50 to $250 only. This is a key factor behind the high profitability of ASICRUN miners. Mentioned below are the projected monthly profits for AR1, AR2, and EliteAR. Another important advantage of ASICRUN miners is their ease of use. Unlike any other mining hardware designed so far, the rigs from ASICRUN require no prior mining experience or knowledge. This has allowed many common mining enthusiasts to start crypto mining successfully. To maximize mining profits of its customers, ASICRUN covers the delivery and custom fees for them. The products are delivered across the globe within just seven days. The company also provides comprehensive warranty coverage for all hardware and software problems. “High energy cost has always been an obstacle to profitable mining for many. If you are tired of losing your time and hard-earned money on power-hungry mining rigs, ASICRUN is here for you. Whether you are a seasoned mining expert or just a small time enthusiast, you would love using our powerful, user-friendly, and high-profit mining hardware,” said a Matias Kotila, CTO from ASICRUN. ASICRUN delivers its mining rigs worldwide within a delivery time of just 7 working days. The delivery and custom fees are borne entirely by the company. All products come with warranty cover for all software as well as hardware components. To find out more, please visit https://asicrun.com Contact Details David Warner press@asicrun.com

October 05, 2023 10:15 AM Eastern Daylight Time

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Sonus faber choisit la technologie sans fil UWB de SPARK Microsystems pour des enceintes audio domestiques à faible latence

SPARK Microsystems

SPARK Microsystems, une entreprise canadienne de semi-conducteurs spécialisée dans les communications sans fil à courte portée de nouvelle génération, a annoncé aujourd'hui que le fabricant italien de haut-parleurs Sonus faber a choisi la technologie UWB de SPARK pour son système de haut-parleurs sans fil Duetto. La technologie UWB de SPARK permet une transmission de données à faible latence entre les enceintes filaires et les enceintes sans fil, ce qui permet à Sonus faber d'offrir une performance audio non compressée de haute qualité qui ne peut être obtenue avec Bluetooth ou Wi-Fi. Le nouveau système de haut-parleurs Duetto de Sonus faber permet aux clients de profiter de leur système audio domestique Duetto en streaming, le haut-parleur satellite de la paire stéréo étant connecté à l'unité principale à l'aide de la solution SPARK UWB. Le système prend en charge une portée allant jusqu'à 8 mètres pour une flexibilité de placement/positionnement sans compromis en termes de performance audio. Le système, certifié par l'ETSI et la Commission fédérale des communications, permet aux clients de bénéficier d'une connectivité sans fil de haute précision entre les haut-parleurs, maximisant ainsi les options de placement tout en profitant des fonctionnalités et de l'intégration des services musicaux et de la connectivité les plus performants du marché. « Le système de haut-parleurs Duetto de Sonus faber témoigne de l'évolution du marché vers un véritable système audio sans fil qui offre un son de qualité supérieure sans les fils », a déclaré Julie Delamarre, vice-présidente des ventes EMEA de SPARK Microsystems. « Le système de haut-parleurs Duetto est basé sur la technologie UWB de SPARK qui permet un transport de données à faible latence, déterministe, à faible consommation et à haut débit de données, permettant à Sonus faber de fournir un son non compressé à travers des haut-parleurs reliés sans fil - une première dans l'industrie ». L'émetteur-récepteur sans fil SPARK UWB à très faible consommation, faible latence et haut débit offre une nouvelle classe de connectivité sans fil à courte portée pour les applications audio haut de gamme. Offrant des débits de données plus élevés et une meilleure robustesse que les autres solutions sans fil à courte portée - avec une latence extrêmement faible qui ne peut être égalée par Bluetooth ou WiFi - SPARK UWB permet un son non compressé de haute-fidélité pour une expérience audio plus riche et plus immersive. « La technologie UWB de SPARK a été choisie pour le système de haut-parleurs Duetto en raison de ses capacités à délivrer un son non compressé sans fil, sans problème de latence, de variabilité ou de bande passante », déclare Livio Cucuzza, Directeur de la conception, Sonus faber. « Ces capacités offriront à nos clients une expérience supérieure, car ils pourront profiter du son tel qu'il a été conçu à l'origine par les artistes eux-mêmes, avec la flexibilité d'un couplage sans fil entre les haut-parleurs ». À propos de Sonus faber Sonus faber est un concepteur et fabricant de technologies audio haut de gamme, fondé en 1983 dans la région italienne de la Vénétie, mondialement connue pour la fabrication de produits de luxe. En latin, Sonus faber signifie "Artisan du son". L'ingénierie audio de pointe de Sonus faber s'appuie sur les traditions du design italien, en produisant à la main des enceintes dont le design s'inspire d'instruments de musique des derniers siècles, fabriqués à partir de matériaux organiques tels que le bois et le cuir, afin de reproduire le son tel que l'artiste l'a voulu. Alliant la beauté artisanale du passé à la technologie du futur, les systèmes audio Sonus faber offrent un son naturel, immersif et tridimensionnel grâce à de magnifiques enceintes conçues à la main et construites pour durer des décennies. Pour plus d'informations, veuillez consulter Sonusfaber.com. À propos de SPARK Microsystems SPARK Microsystems construit la prochaine génération de dispositifs de communication sans fil à courte portée. SPARK fournit des liens de communication sans fil à haut débit et à très faible latence avec un profil de puissance ultra-faible, ce qui le rend idéal pour les réseaux personnels (PAN) utilisés dans les produits mobiles, grand public et connectés à l’IoT. S’appuyant sur des technologies brevetées, SPARK Microsystems s’efforce de minimiser et, à terme, d’éliminer les fils et les batteries d’un large éventail d’applications. Pour plus d’informations, veuillez consulter sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

October 05, 2023 10:11 AM Eastern Daylight Time

Sonus faber Chooses SPARK Microsystems’ UWB Wireless Tech for Low Latency Home Audio Speakers

SPARK Microsystems

SPARK Microsystems, a Canadian fabless semiconductor company specializing in next-generation short-range wireless communications, today announced Italian speaker manufacturer Sonus faber has chosen SPARK’s UWB technology for its Duetto wireless speaker system. SPARK’s UWB technology enables low latency data transmission from wired to wireless speakers, allowing Sonus faber to deliver a high-quality, uncompressed audio performance that can’t be achieved with Bluetooth or Wi-Fi. Sonus faber’s new Duetto speaker system enables customers to enjoy their Duetto streaming home audio system with the satellite speaker of the stereo pair being connected to the main unit using the SPARK UWB-based solution. The system supports a range up to 8 meters for unfettered placement/positioning flexibility with no compromises in audio performance. The system, certified by ETSI and the Federal Communications Commission, enables customers to enjoy high precision wireless connectivity between speakers, maximizing placement options whilst enjoying market leading functionality and integration of music services and connectivity. “Sonus faber’s Duetto speaker system demonstrates the market’s evolutionary shift to true wireless audio that delivers premium sound without the wires,” said Julie Delamarre, SPARK Microsystems, Vice President of EMEA Sales. “The Duetto speaker system is based on SPARK’s UWB technology that enables low latency, deterministic, low power, and high-speed data transport, allowing Sonus faber to deliver uncompressed audio across wirelessly-linked speakers – an industry first achievement.” The ultra-low power, low latency and high-throughput SPARK UWB wireless transceiver enables a new class of short-range wireless connectivity for premium audio applications. Offering higher data rates and better robustness than other short-range wireless solutions – with extreme low latency that can’t be matched with Bluetooth or WiFi – SPARK UWB enables high fidelity uncompressed audio for a richer, more immersive audio experience. “SPARK’s UWB technology was chosen for the Duetto speaker system because of its capabilities to deliver uncompressed audio wirelessly with no latency, variability or bandwidth concerns,” said Livio Cucuzza, Chief Design Officer, Sonus faber. “These capabilities will give our customers a superior experience because they can enjoy audio as it was originally intended by the artists themselves, with the flexibility of wireless pairing between speakers.” About Sonus faber Sonus faber is a designer and manufacturer of high-end audio technology, founded in 1983 in Italy’s Veneto region, world-renowned for luxury goods manufacturing. Latin for “Artisan of Sound”, Sonus faber expertly informs their state-of-the-art audio engineering with the traditions of Italian design expertise, hand-producing speakers with design cues inspired by centuries of musical instruments, crafted from organic materials such as wood and leather to reproduce sound as the artist intended. Marrying the artisanal beauty of the past with the technology of the future, Sonus faber audio systems deliver natural, immersive, three-dimensional sound from beautiful, hand-designed speakers built to last for decades. For more information, please visit www.sonusfaber.com. About SPARK Microsystems SPARK Microsystems is building next generation short-range wireless communication devices. SPARK provides high data rate and very low latency wireless communication links at an ultra-low power profile, making it ideal for personal area networks (PANs) used in mobile, consumer and IoT-connected products. Leveraging patented technologies, SPARK Microsystems strives to minimize and ultimately eliminate wires and batteries from a wide range of applications while delivering a wired-like performance. For more information, please visit www.sparkmicro.com. Contact Details Jenna Beaucage +1 508-340-6851 jbeaucage@rainierco.com Company Website https://www.sparkmicro.com

October 05, 2023 10:08 AM Eastern Daylight Time

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