Category: Lifestyle

Videos, photos and news about food, homes & gardens, auto, celebrities, and all that identify the culture of various lifestyles…

Categories
Business Culture Lifestyle

Catalent, Inc. announces Second Quarter Fiscal Year 2023 Earnings Conference Webcast

SOMERSET, N.J. — (BUSINESS WIRE) — Catalent, Inc. (NYSE: CTLT), the global leader in enabling pharma, biotech, and consumer health partners to optimize development, launch, and supply of better patient treatments across multiple modalities, today announced that it will release financial results for the second quarter of fiscal year 2023 ended Dec. 31, 2022, before the market open on Tuesday, Feb. 7, 2023.

 

The Company’s management will host a webcast to discuss the results at 8:15 a.m. ET on the same day.

 

Catalent invites all interested parties to listen to the webcast, which will be accessible through Catalent’s website at https://investor.catalent.com.

 

A supplemental slide presentation will also be available in the “Investors” section of Catalent’s website prior to the start of the webcast. The webcast replay, along with the supplemental slides, will be available for 90 days in the “Investors” section at www.catalent.com.

 

About Catalent, Inc.

Catalent is the global leader in enabling pharma, biotech, and consumer health partners to optimize product development, launch, and full life-cycle supply for patients around the world. With broad and deep scale and expertise in development sciences, delivery technologies, and multi-modality manufacturing, Catalent is a preferred industry partner for personalized medicines, consumer health brand extensions, and blockbuster drugs. Catalent helps accelerate over 1,000 partner programs and launch over 150 new products every year. Its flexible manufacturing platforms at over 50 global sites supply around 80 billion doses of nearly 8,000 products annually. Catalent’s expert workforce of approximately 18,000 includes more than 3,000 scientists and technicians. Headquartered in Somerset, New Jersey, the company generated nearly $5 billion in revenue in its 2022 fiscal year. For more information, visit www.catalent.com.

Contacts

Investor:

Paul Surdez, Catalent, Inc.

(732) 537-6325

investors@catalent.com

Categories
Business Lifestyle Technology

Intelligent Light announces the release of IntelliTwin® Suite – The realizable digital thread for HPC simulations

RUTHERFORD, N.J. — (BUSINESS WIRE) — Intelligent Light is currently shipping subscriptions of IntelliTwin® Suite which both organizes HPC workflows and forms a cohesive interface between HPC workflows and systems engineering requirements. As a backbone for Digital Twin, IntelliTwin® is a Digital Thread which manages data provenance and workflows for projects. It does this with minimal intrusion into established engineering workflows.

 

Some of the valuable benefits provided by IntelliTwin® Suite are increased simulation workflow throughput and confidence through repeatable and self-documenting workflows. Other benefits include the management of simulation workflow assets which include results, provenance and other metadata. Through non-invasive management of provenance and metadata, IntelliTwin® Suite supports customer mandates and regulations regarding results accreditation. IntelliTwin® Suite can integrate HPC workflows with your PLM software and can be customized via its open RESTful API infrastructure.

 

Steve Legensky, President of Intelligent Light, remarked about IntelliTwin® Suite, “Everyone is talking about Digital Twins these days and that can mean many things. At the core of any Digital Twin plan is the issue of effective management and the use of data from test and results from simulation; we call that the Digital Thread. We have developed the IntelliTwin® Suite as an open and extensible architecture, agnostic with respect to solver codes, PLM systems, and HPC resources. It is designed to fit into your Digital Twin strategy as you develop and deploy it. The sooner you can begin organizing your valuable simulation and test assets, the more extensive your library of reusable information becomes.”

 

The IntelliTwin® Suite is comprised of the IntelliTwin® Core (workflow and metadata management), SpectreUQTM (easy and efficient uncertainty quantification), KombyneTM (co-processing and visualization), and the Data Analytics Suite (frequency and modal analysis).

 

About Intelligent Light

Founded in 1984, Intelligent Light™ developed FieldView which became one of the world’s leading software tools for visualization and post-processing of CFD. In 2019, Intelligent Light™ spun off FieldView into an entity focused on packaged software (FieldView CFD, Inc.) so that Intelligent Light™ could focus on subscription-based HPC and digital twin products. The company also performs applied research to meet customer needs. Development of SpectreUQ™ and Kombyne™ were supported by the US Department of Energy via grants DE-SC0018633 and DE-SC0015162. For more information, contact our Public Relations Team: pubrel@ilight.com.

 

IntelliTwin® , Kombyne™, and Intelligent Light™ are trademarks of JMSI, Inc.

Contacts

Public Relations

pubrel@ilight.com

Categories
Business Culture Lifestyle Local News Perks

Hughes announces investment program for small businesses

The American Rescue Plan Act permits counties to provide relief to small businesses, many of which were negatively impacted by the COVID-19 global pandemic.

To address those losses, Mercer County Executive Brian M. Hughes advanced a resolution to the Board of Commissioners that enables the county to hire a consultant to manage the county’s new ARPA-funded Small Business Investment Program. The resolution was approved by the board on Dec. 20.

The county has set aside up to a half-million dollars for the program, which is geared to provide direct aid to local small businesses that are likely to have experienced difficulties in obtaining capital through conventional methods, such as small business loans, revenue through creation of stock and traditional investors.

Read more.

Categories
Business Culture Digital - AI & Apps Lifestyle Regulations & Security

Next Solutions Group acquires technologist Tom Cocuzza’s Wells Tech Advisors

Expertise in supporting marketing technology for highly regulated industries

 

AUSTIN, Texas & MORRISTOWN, N.J. — (BUSINESS WIRE) — The Next Solutions Group (NSG) announced the acquisition of Wells Tech Advisors to support marketing technology for businesses, including those in highly regulated industries such as healthcare.


Wells Tech Advisors, which is led by Tom Cocuzza, will be rebranded as NSG Technologies and focus on devOps, engineering, quality assurance, architecture, application management and related disciplines. Those services will complement Next Solutions Group’s offerings, which include corporate reputation/issues management, business intelligence, and cybersecurity.

 

“Tom and his teams have the ability to understand business goals, translate those into specific actions and then build the right solutions, often in highly regulated marketplaces,” said Raymond F. Kerins Jr., founder and CEO of Austin and New York-based Next Solutions Group.

 

“Technology must be there to enable, accelerate and improve business outcomes, which requires a mentality and experienced team that thinks in an agile manner.”

 

NSG and NSG Technologies are part of Next Practices Group (NPG), a founder-driven consortium of firms.

 

Cocuzza most recently served as Practice Leader, Technology Services for Real Chemistry, where he led a 35-person technology team to deliver strategies across Veeva, Marketo, Salesforce and Salesforce Marketing Cloud, as well as bespoke solutions for clients in the healthcare industry.

 

“Tom grew up as a software engineer, lead developer and senior systems engineer, so he knows the ins and outs of devOps, in addition to understanding how to scale this important function,” added John Morea, Global CIO, NPG and Chair, NSG Technologies.

 

“Our mission at NPG is for our IT team to be client-facing, so that our clients and all NPG firms can partner with a best-in-class team.”

 

Cocuzza created Wells Tech Advisors in early 2022 to offer clients a range of skills that include devOps as a service, platform architecture, data engineering, application, cloud service and vendor management and process optimization.

 

“My goal is to build NSG Technologies into a service that streamlines workflow for our clients with a team that knows how to navigate highly regulated industries, such as healthcare, financial services, insurance, energy and other key industries,” stated Cocuzza, founder and CEO of NSG Technologies.

 

About The Next Solutions Group

The Next Solutions Group specializes in corporate reputation/issues management, technology solutions, business intelligence, and cybersecurity and is a member of The Next Practices Group (NPG).

 

NSG’s senior team of professionals has a broad range of experience in business, government, and journalism. We have supported C-suite executives, top government officials, military, and non-profit leaders.

 

We protect and advance our clients’ reputation while ensuring alignment with organizational objectives. We support and coach executives and leaders in preparation for engagement with key audiences, including investors, employees, regulators, and journalists. At a time when companies and their leaders are coming under relentless assault online, we monitor the clear, deep, and dark web to protect their safety and reputation.

 

We represent multinational companies in sectors including healthcare, technology, consumer goods and financial services. Our senior leaders are engaged. We do the day-to-day work. We have engaged with companies that have been under investigations by various governmental agencies, including the Justice Department and the Federal Trade Commission. We have worked on class action lawsuits, executive issues/transitions, corporate layoffs, anti-corporate activism, and cyber/ransomware attacks. Our work has also included M&A, regulatory and product issues such as recalls.

 

About The Next Practices Group

NPG is a founder-driven group formed to create perpetual competitive advantage and value for clients. The group’s combined expertise in leading organizations and in the key disciplines of data science, technology, digital media, issues management, cybersecurity, and marketing communications powers new models and a new approach to doing business.

Contacts

Media:
Madeline Brew

732-207-9917

Madeline.Brew@nextpracticegroup.com

Categories
Business Culture Lifestyle

It’s more than pizza. Famed Chef Sal Basile brings Italy to Red Bank

Acclaimed Cooking Channel Chef/Restaurateur Opens First Sally Boy’s Location

 

RED BANK, N.J. — (BUSINESS WIRE) — #italianfood — Sal Basile, celebrated Cooking Channel chef, restaurateur, and one of the country’s foremost authorities in Italian cuisine opened the doors to his first Sally Boy’s restaurant today.

 

Star of the Cooking Channel’s Pizza Cuz and Pizza Masters, Basile is the co-founder of the highly successful Artichoke Basille’s Pizza, as well as numerous Italian specialty restaurants. The Sally Boy’s brand (named after his son and paying homage to Sal’s childhood nickname) is Basile’s futuristic vision come to life.

 

More than just an Italian restaurant, Sally Boy’s serves freshly baked pastries, coffee drinks, grab-and-go breakfast and lunch, Italian specialties, and Basile’s signature pizzas, including the Sally Boy’s Slice®, all prepared on site. The restaurant is located at 1 Broad Street in Red Bank, NJ.


“We set out to create something truly different, so we started with something truly amazing. We’re more than a pizza joint – we’re an experience,” says Chef Basile.

 

“My vision was to create a marketplace of Italian foods that is considered the best of the best – the finest pizza fired in a state-of-the-art Ferrari-red Castelli oven hand-made and shipped directly from Italy; a grab-and-go menu that is fresh and unique each day; gourmet coffee; the freshest baked goods made on premises; Italian specialties that our diners talk about for days; and, of course, the best pizza that our guests have to see and taste to believe.”

 

A True Taste of Authentic Italy

At Sally Boy’s, Basile offers his take on classic Italian cuisine he grew up preparing and eating—a mix of family recipes and new dishes—elevated by the highest quality ingredients shipped directly from Italy. Sally Boy’s specialty pies include the classic Margherita; as well as Bella’s Broccoli Rabe; Nonna’s Eggplant pie; Concetta’s Chicken; Calabrian Sweet Heat, and a wide selection of white and other pies.

 

But the Sally Boy’s experience goes beyond pizza. Guests enjoy specialty rolls, Italian strombolis, burgers, hot dogs, and cheesesteaks, which are made with freshly shaved ribeye. The eatery’s subs include hot classics like chicken; eggplant; meatball; and Italian sausage parmigiana, as well as cold subs like the Old School Italian and Red Bank Classic, named after the Red Bank Catholic High School located down the road from the Sally Boy’s location.

 

In addition, Sally Boy’s serves signature calzones as well as Sal’s specialty the “Salzone,” which is a monster calzone filled with eggplant and cheese, topped with shaved parmigiano and a drizzle of imported Italian extra virgin olive oil.

 

Appetizers range from pepperoni buns and buffalo wings to garlic sticks, as well as a selection of fresh soups and salads. Diners also enjoy fresh-baked Italian desserts like cheesecake, tiramisu, S cookies, and Sfogliatelle all made in house. The restaurant’s breakfast menu features New Jersey favorites like pork roll, bacon, or sausage egg and cheese sandwiches, and a breakfast cheesesteak.

 

Sally Boy’s utilizes state-of-the-art touchless technology, allowing customers to order at one of two kiosks or through their phone, and have the food brought directly to their table or packaged ready for take away. Sally Boy’s also boasts Red Bank’s only street-access late night pickup window located on East Front Street.

 

Mindful Architecture: A Modern Dining Experience Preserving Red Bank’s History

The restaurant is located in the heart of Red Bank’s downtown Core Central Business District on the iconic corner of East Front Street and historic Broad Street. The two story with basement building dates back to the 1940s with improvements and facade restorations conducted throughout the years.

 

Longview Construction’s Bill O’Leary was contracted to oversee the construction and ensure the restaurant’s historical elements were preserved. The building facade is masonry and brick with a gentle swooping curve as the building turns the corner. A large expanse of glass at both levels along with its sleek simple front is reminiscent of the international style from the mid 1900s. Red Bank’s Stephen Raciti Architects was hired to fuse the building’s historic architecture with the necessary updates needed to offer a contemporary aesthetic.

 

The award-winning Cahill Studio, an interior design and branding firm, paired industrial materials with contemporary hardware, countertops, and light fixtures, all complementing the open kitchen design. Each floor is 1,200 square-feet, with the second floor seating 22 people and features floor-to-ceiling retractable garage-style windows.

 

The entire preservation and restoration project represents multi-millions of dollars invested back into the Red Bank community. Basile plans to open additional locations nationwide in the coming years, in addition to offering customers around the country the ability to order Sally Boy’s specialties and pizza and have them shipped anywhere within the U.S. through its online marketplace.

 

Sally Boy’s is open every day for breakfast, lunch, and dinner. Sunday through Wednesday, operating hours are 7:00 a.m. to 10:00 p.m. Breakfast is offered 7:00 a.m. to 11:00 a.m. Lunch and dinner are offered 11:00 a.m. to 10:00 p.m. Thursday through Saturday, a late-night menu and takeout are also available from 10:00 p.m. to 2:00 a.m. For more information and to place online orders, visit www.SallyBoys.com.

Contacts

Media:

Brenda Urban

Percepture

burban@percepture.com
(973) 477-8456

Categories
Business International & World Lifestyle Travel & Leisure

GARP launches new chapter in Japan

Chapter to host inaugural Tokyo event on January 18 discussing climate risk

 

JERSEY CITY, N.J. — (BUSINESS WIRE) — Adding to its global network of local risk communities, the Global Association of Risk Professionals (GARP) is announcing the establishment of a new Chapter in Japan, offering educational and networking opportunities for risk professionals in Japan to share best practices and stay on top of emerging trends.

GARP’s Japan Chapter will celebrate its official launch with an event on January 18 in Tokyo. The in-person meeting will include a discussion on the trends and challenges of responsible investing amid sustainability and climate change initiatives, featuring a presentation from the PRI’s Minako Yoneyama. The Chapter plans to organize and host educational sessions on a quarterly basis going forward.

 

“We are very excited about the launch of our new Chapter in Japan, beginning with this timely event,” said GARP President and CEO Richard Apostolik. “We look forward to more closely engaging with risk managers in Japan, while also expanding our work with risk professionals throughout the Asian region.”

 

The launch event continues GARP’s ongoing emphasis on climate risk research and education established through its Sustainability and Climate Risk (SCR®) Certificate, the newest of GARP’s educational offerings. Created in 2020 to meet the growing demand for comprehensive climate risk education, the SCR is the top global practitioner-driven certificate program addressing the financial risks associated with climate change, regulatory initiatives, reporting requirements, and green finance instruments.

 

The SCR program follows in the footsteps of GARP’s flagship Financial Risk Manager (FRM®) Certification, which just celebrated its 25-year anniversary. To date, there are now more than 77,000 FRMs worldwide, who have come from more than 190 countries and territories, and include individuals working in banking, fintech, asset management, consulting, and many other industries.

 

GARP’s establishment of a Japan Chapter seeks to recapture and build on the risk education and networking opportunities of a pre-COVID world in the region. In 2018, GARP co-hosted a Global Risk Forum with the JFSA in Tokyo.

 

The introduction of a Japan Chapter brings the total number of GARP Chapters around the world to 29, with Italy, Indonesia, and Peru as the other most recent additions. GARP’s overall community includes nearly 300,000 professionals across more than 195 countries and regions.

 

“We are looking forward to helping build a vibrant local risk community,” said Akira Yamamoto, FRM, and Stefano Spillo, FRM, co-directors of the GARP Japan Chapter who earned the FRM in 2017 and 2015 respectively. “Working with a team of local risk managers, our mission is to help give the current and next generation of risk professionals in Japan an opportunity to acquire the skills they need to build fulfilling and successful careers.”

 

Learn more about the benefits of GARP Membership as well as all upcoming Chapter events at garp.org.

 

About the Global Association of Risk Professionals

The Global Association of Risk Professionals is a non-partisan, not-for-profit membership organization focused on elevating the practice of risk management. GARP offers the leading global certification for risk managers in the Financial Risk Manager (FRM®), as well as the Sustainability and Climate Risk (SCR®) Certificate and ongoing educational opportunities through Continuing Professional Development. Through the GARP Benchmarking Initiative and GARP Risk Institute, GARP sponsors research in risk management and promotes collaboration among practitioners, academics, and regulators.

 

Founded in 1996, governed by a Board of Trustees, GARP is headquartered in Jersey City, N.J., with offices in London and Hong Kong. Find more information on garp.org or follow GARP on LinkedIn, Facebook, and Twitter.

Contacts

press@garp.com

Categories
Business Lifestyle Regulations & Security Technology

Mobeus and Oblon collaborate on a non-headset genre of virtual reality

Mobeus, in collaboration with Oblon, has filed a portfolio of patent applications with the USPTO that will enable a new genre of virtual reality experiences that are accessible and inclusive to all

 

SPARTA, N.J. — (BUSINESS WIRE) — #AR—Mobeus, the innovative technology startup behind Airglass™, and Oblon, one of the world’s largest intellectual property law firms, have collaborated on a portfolio of patent applications with the United States Patent and Trademark Office (USPTO) and other international intellectual property regulatory bodies for a new genre of virtual reality (VR) that does not require any additional hardware such as (augmented reality) AR glasses or VR headsets. The collaboration began over two years ago and aims to create a more inclusive and accessible VR experience.

 

“Mobeus has taken a step forward in pioneering innovation that will transcend the current hardware limitations for virtual reality,” said Mike Sutcliff, co-founder and CEO at Mobeus. “It is exciting to enable users of any proficiency to reap the rewards of technology like we saw Tom Cruise used in the movie Minority Report. This portfolio of patents shows our commitment to being a forward-thinking tech company that will help customers deliver superior immersive and interactive experiences.”

 

“The portfolio includes inventions that add a ‘futuristic gesture-like experience’ to the outside of any computer and a ‘depth-like metaverse experience’ to the inside of any computer screen, without needing a headset,” said James Love, a partner at Oblon. He adds, “The first time I tried the prototype comprising the inventions was transformative; the connectedness you feel with your old screen is a new relationship between us and our existing devices.”

 

The eventual virtual smart glass technology will enable consumers to see and interact with any existing document, media, website, game, or app within the depth of the new virtual reality genre. The result is an interactive perception of depth surrounding a screen derived from the built-in camera on the device. The reach of this new path to virtual reality includes consumers who have existing devices but might need more hardware to experience current genres of virtual reality, such as AR and VR.

 

While putting the portfolio of applications into a broader context, Maryam Imam, Head of Intellectual Property at Mobeus, said, “Just like we all added a browser to our devices to see the Internet, we might add a virtual smart glass to our devices to see this new genre of virtual reality. Working with this team has been the highlight of my career; the team here is pioneering.”

 

The portfolio was developed by an international team of inventors, engineers, and designers. An introduction of the technology is available as Mobeus Airglass, a lite, immersive and interactive experience that mixes meetings and illustrations into a sense of depth around the screens of Apple Macs and Microsoft PCs.

 

“The inventors at Mobeus are truly on the cutting-edge, with a revolutionary innovation almost every week,” said Robert Tarcu, a partner at Oblon. “We at Oblon dedicate our one-of-a-kind staff and professional resources to help cultivate these innovations into an exciting portfolio.”

 

Mobeus will demonstrate the new virtual reality genre using a prototype of the company’s virtual smart glass technology at the World Economic Forum’s Annual Meeting in Davos, Switzerland. To learn more about Mobeus and its innovative product capabilities, please visit mobeus.com.

 

About Mobeus

Mobeus is an innovative technology startup based in Sparta, New Jersey. The company aims to reduce friction between people and technology by enabling a novel form of expression. Mobeus is a fully remote company with an international team of inventors, engineers, and designers passionate about creating products that deliver a superior creative experience. Their flagship product, Airglass, is a video and audio communications tool that creates a sense of depth on conventional screens, allowing users to mix people and applications simultaneously. At Mobeus, the team strives to develop cutting-edge technology and solutions that enhance humanity, positively impact relationships, and give people a new way of interacting in the digital world. Learn more at mobeus.com

 

About Oblon

Assisting clients for over 50 years, Oblon is one of the largest intellectual property law firms in the United States. Oblon’s professionals provide a full range of intellectual property services to some of the world’s leading innovators. Oblon is headquartered in Alexandria, Virginia within steps of the United States Patent and Trademark Office with an affiliate office in Tokyo, Japan. Visit oblon.com for more information on the firm.

Contacts

Fiana Tulip

Head of Communications, Mobeus

817.691.3031

fiana.tulip@mobeus.com

Categories
Lifestyle Local News Travel & Leisure

Mercer County Clerk’s Passport Office receives award for service from National Passport Center

TRENTON, N.J. — Mercer County Clerk Paula Sollami Covello announced that the County Clerk’s Office was awarded a perfect score for its passport services for the third consecutive year in its Trenton office.

 

Each year, the U.S. Department of State reviews passport offices within the U.S. The Mercer County Clerk’s Office must pass an annual inspection and audit by the Federal government for its management of passport applications and renewals.

 

The County Clerk’s Passport Services Office received a perfect score with zero penalties or deductions for managing passport applications and renewals. The report from the U.S. Department of State National Passport Center noted that the facility’s audit was “impressive and compliant with the Passport Agent Reference Guide.”

 

Sollami Covello praised her Passport Services Office, which is headed by Chris Tozour and supported by Aida Borges.

 

“The staff members are to be commended for their dedicated service, daily commitment to excellence, and a job very well done,” she said.

 

Customers can renew their passports at the Mercer County Clerk’s Office, located at 209 South Broad Street in Trenton. The County Clerk’s passport office can be reached at 609-989-6473; for Spanish, call 609-989-6131 or 609-989-6122. To schedule an appointment at the County Clerk’s satellite passport location, the Mercer County Connection, located at 957 Route 33 in Hamilton, please contact the office at 609-890-9800.  All customers must have completed applications, money orders and checks along with documentation and copies prior to their appointment. Please note, the County Connection only serves first-time applicants, and you cannot renew your existing passport. Appointments are required.

 

If you plan to travel in the coming year, it is advised that you schedule an appointment now to renew your passport or passport card. The current wait time to receive a passport is 3-5 weeks for expedited services and 6-8 weeks from the time of submission for a regular application.

 

*Also, a note to those traveling to and from China. The U.S. CDC is requiring travelers from China to produce a negative COVID-19 test beginning Jan. 5, 2023. For more U.S. State Department advisories, you can visit https://travel.state.gov/content/travel.html *

 

For more information regarding passports, please visit the Mercer County Clerk’s website at https://www.mercercounty.org/government/county-clerk-/office-services/passports or call the County Clerk’s passport office at 609-989-6473; for Spanish, call 609-989-6131 or 609-989-6122.

Categories
Business International & World Lifestyle Regulations & Security

Celularity and CH Trading Group announce territory distribution agreement for the Middle East

CH Trading Group will serve as exclusive territories distributor in 100-plus countries with US $225 million minimum purchase commitment

Relationship opens access to Celularity’s Halal-Certified regenerative biomaterial, health and wellness products across the Middle East and the broader Islamic world

 

FLORHAM PARK, N.J. & RIYADH, Saudi Arabia & JEDDAH, Saudi Arabia — (BUSINESS WIRE) — Celularity Inc. (Nasdaq: CELU) (“Celularity”), a U.S.-based biotechnology company developing placental-derived allogenic cell therapies and biomaterial products, and CH Trading Group LLC (“CH Trading Group”), an international import, export and trading company, today announced that they have entered into an exclusive territory distribution agreement. CH Trading Group will act as the exclusive territories distributor of Celularity’s previously announced Halal-Certified products within more than 100 countries. The Product Distribution Agreement for Celularity’s Halal-Certified products provides for a five-year minimum aggregate purchase commitment of US $225 million dollars.

 

“Based on market demand for Celularity’s commercial biomaterial products, we believe there is a billion-dollar commercial opportunity across the Middle East North Africa Islamic markets,” said Sayed Zayan, CEO of CH Trading Group. “We are excited to be in a position to expand access to these important medicines and wellness products to more people across the region through our exclusive territories distributor agreement with Celularity.”

 

According to the most recent analysis by Emergent Research, the worldwide regenerative medicine market totaled US $9.80 billion in 2021, and is anticipated to grow at a revenue compounded annual growth rate of 15.9 percent, reaching US $37.10 billion in 2030.

 

Through the agreement, CH Trading Group will distribute to more than 100 countries that are members of or associated with the following intergovernmental organizations (“Islamic Markets”):

  • The Organization of Islamic Cooperation, which has 57 member countries on four continents;
  • The Gulf Cooperation Council, comprised of Bahrain, Kuwait, Oman, Qatar, Saudi Arabia, and the United Arab Emirates; and
  • The African Union, which has 55 member countries.

 

“Our partnership with the CH Group represents another critical milestone towards bringing our innovative Halal-Certified – under globally recognized Circle H International Inc. standards – regenerative biomaterial products to treat degenerative disease across Islamic Markets,” said Celularity’s CEO, Chairman and Founder, Robert J. Hariri, M.D., Ph.D.

 

Celularity’s suite of biomaterial products include:

  • Biovance®, a decellularized, dehydrated human amniotic membrane derived from the placenta of a healthy, full-term pregnancy. Biovance® is an intact, extracellular matrix structure that is indicated for use in the United States as a natural scaffold to support the body’s wound healing process.
  • Biovance® 3L and Biovance® 3L Ocular, tri-layer human amniotic membrane products focused on the surgical and ocular markets and available in both sheet and disk form.
  • Interfyl®, a human connective tissue matrix derived from the placenta of a healthy, full-term pregnancy. It is indicated for use in the United States to replace or supplement damaged or inadequate integumental tissue resulting from wounds, trauma, or surgery.
  • CentaFlex®, a decellularized human placental matrix derived from the umbilical cord that is indicated for use in the United States as a surgical covering, wrap or barrier to protect and support the repair of damaged tissue.

 

About Celularity

Celularity Inc. (Nasdaq: CELU) headquartered in Florham Park, N.J., is a U.S.-based biotechnology company leading the next evolution in cellular medicine by developing allogeneic cryopreserved off-the-shelf placental-derived cell therapies, including therapeutic programs using unmodified natural killer (NK) cells, genetically modified NK cells, T-cells engineered with a CAR (CAR-T cells), and mesenchymal-like adherent stromal cells (MLASCs). These therapeutic programs target indications in cancer, infectious and degenerative diseases. In addition, Celularity develops and manufactures innovative biomaterials also derived from the postpartum placenta. Celularity believes that by harnessing the placenta’s unique biology and ready availability, it can develop therapeutic solutions that address significant unmet global needs for effective, accessible, and affordable therapies.

 

To learn more, visit www.celularity.com.

 

About CH Trading Group

CH Trading Group LLC (“CH Trading”) is part of the CH Group family of companies (www.chgroupus.com). CH Group constitutes a diversified conglomerate targeting eight economic “Sectors”: healthcare, pharmaceuticals, food, finance, cosmetics, tourism, fashion, media/entertainment. Spanning a variety of multi-national products, services and solutions, its world mission involves connecting, developing and promoting, from Local to Global™ and throughout the world, all aspects of a wholesome, healthy and productive lifestyle.

 

CH Trading focuses on international import/export and trade, prioritizing the countries of the Organization of Islamic Cooperation (OIC), as well as the Middle East and North Africa (MENA) and Gulf Cooperation Council (GCC) Regions. It has responded to worldwide demands for identifying and securing supply chains by introducing innovative products, including from the US, and developing a robust distribution network for goods.

 

To learn more, visit www.chgroupus.com.

 

Celularity Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of The Private Securities Litigation Reform Act of 1995, as well as within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements other than statements of historical facts are “forward-looking statements,” including those relating to future events. In some cases, you can identify forward-looking statements by terminology such as “anticipate,” “believe,” “can,” “contemplate,” “continue,” “could,” “estimate,” “expect,” “forecast,” “intends,” “may,” “might,” “outlook,” “plan,” “possible,” “potential,” “predict,” “project,” “seek,” “should,” “strive,” “target,” “will,” “would” and the negative of terms like these or other comparable terminology, and other words or terms of similar meaning. The forward-looking statements in this press release include express or implied statements regarding the market opportunity for Celularity’s products; growth in the worldwide regenerative biomaterial market; timing of receipt of approvals from regulatory authorities; Celularity’s ability to establish a presence and operate in Saudi Arabia and Islamic Markets, develop opportunities for commercial stage regenerative biomaterial products and investigational products in Saudi Arabia, Islamic Markets and broader global markets, as well as establish its biobanking business in Saudi Arabia and Islamic Markets, among others. Many factors could cause actual results to differ materially from those described in these forward-looking statements, including but not limited to: the inherent risks in biotechnological development, including with respect to the development of novel cellular therapies, and the clinical trial and regulatory approval process; and risks associated with Celularity’s current liquidity, as well as developments relating to Celularity’s competitors and industry, along with those risk factors set forth under the caption “Risk Factors” in Celularity’s annual report on Form 10-K filed with the Securities and Exchange Commission (SEC) on March 31, 2022, as amended on July 15, 2022, and other filings with the SEC. These risks and uncertainties may be amplified by current economic situations, including inflation, supply chain issues and overall economic uncertainty. If any of these risks materialize or underlying assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that Celularity does not presently know, or that Celularity currently believes are immaterial, that could also cause actual results to differ from those contained in the forward-looking statements. In addition, these forward-looking statements reflect Celularity’s current expectations, plans, or forecasts of future events and views as of the date of this communication. Subsequent events and developments could cause assessments to change. Accordingly, forward-looking statements should not be relied upon as representing Celularity’s views as of any subsequent date, and Celularity undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date hereof, whether as a result of new information, future events or otherwise, except as may be required under applicable securities laws.

Contacts

Media
Celularity:
Edelman Smithfield for Celularity

Celularity@edelmansmithfield.com

Investor Relations
Celularity:
Edelman Smithfield for Celularity

CelularityIR@edelmansmithfield.com

Categories
Business Lifestyle Technology Travel & Leisure

Marotta Controls celebrates 80 years of technology innovation

New Jersey’s Homegrown Aerospace and Defense Supplier Credits Speed, Agility, and Community for Its Legacy of Success

 

MONTVILLE, N.J. — (BUSINESS WIRE) — #NewJersey—Marotta Controls, a rapidly growing aerospace and defense supplier based in New Jersey, celebrated its 80th anniversary. President and CEO Patrick Marotta took the opportunity to recognize his team members’ talent, passion, and creativity that has contributed to decades of innovation in Flow Control, Control Systems, and Power Electronics.


“I am humbled by the commitment demonstrated by our staff year after year. Marotta Controls began as a straight-forward production company focused on quality. Together, we took that business and evolved it into a world-class solutions provider,” said Patrick, the third-generation leader of the family-owned company.

 

“We don’t shy away from sharing customer risk or challenge. Instead, we remain nimble. We lean in and collaborate with them as a trusted partner. We help them quickly bring to market technologies that positively impact their performance and operations. It’s an incredible position to be in and one I owe to our teams then and now.”

 

Marotta Controls was founded as a machined components manufacturer by Patrick’s grandfather on January 06, 1943, in Boonton, New Jersey. An opportunity to help Reaction Motors solve a design challenge led to the company’s first major innovation: the balanced poppet solenoid valve. That valve’s technology, though improved upon since its first iteration, still serves as the foundation for the company’s cornerstone products today.

 

Since the moment it opened its doors, Marotta Controls has played a supporting role in significant events throughout aerospace history. The company supplied valve systems for the Saturn Apollo program that landed a man on the moon. It designed fluid control technologies for the first intercontinental ballistic missile, the first Polaris submarine, the first jetliner, the first Tiros weather satellite, and more.

 

Those elegant valve solutions inspired Marotta Controls to expand its capabilities into complementary areas. The company applied its knowledge to reimagining electromechanical motor drives, power supplies, and actuation systems among other products—additions that led to significant growth over the last decade. The bar was raised yet again with Marotta Controls’ introduction of a patented additive manufacturing technique that allows the supplier to produce finely intricate solutions that were previously impossible to build via traditional machine boring methods.

 

“Our innovations have flown to space. They have descended deep into the ocean. And, they have sped through the air at supersonic speeds. These incredible achievements would not have been possible without the talent and support sourced from our home state. Our primary facility is still located in Montville, New Jersey, where my grandfather began this business 80 years ago. We do it all there. Innovate. Design. Build. Test. And, while we have recently expanded to a second New Jersey location, I envision that Montville facility standing as our home base for the next 80 years. There’s a lot more to come,” added Patrick.

 

About Marotta Controls

Founded in 1943, Marotta Controls is a fully integrated solutions provider which designs, develops, qualifies, and manufactures innovative systems and sub-systems for the aerospace and defense sectors. Our portfolio includes pressure, power, motion, fluid, and electronic controls for tactical systems, shipboard and sub-sea applications, satellites, launch vehicles, and aircraft systems. With over 200 patents, Marotta Controls continues to build on its legacy as a highly respected, family-owned small business based in the state of New Jersey. Twitter: @marottacontrols LinkedIn: Marotta Controls, Inc.

Contacts

Heather Ailara

211 Communications

+1.973.567.6040

heather@211comms.com

Katee Glass

Marotta Controls, Inc.

kglass@marotta.com