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NEEDHAM, MA--(Marketwired - November 02, 2016) - Cambridge Healthtech Institute (CHI), a division of Cambridge Innovation Institute (CII), announces the acquisition of the Neurotech Investing and Partnering Conference and the European Neurotech Investing and Partnering Summit, two of the industry's premier business and investment conferences for commercial neuroscience. The Neurotech Conference portfolio, created by NeuroInsights more than a decade ago, consists of the Neurotech Investing and Partnering Conference, an annual North American conference, as well as the European Neurotech Investing and Partnering Summit, a bi-annual European conference. The annual conference draws more than 200 of the top industry leaders focusing on the next generation treatments for Alzheimer's, addiction, anxiety, depression, pain, sensory disorders, obesity, stroke, schizophrenia, sleep disorders, epilepsy, multiple sclerosis, traumatic brain injury, spinal cord injury, Parkinson's and more. Both events will continue to be co-organized by The Neurotechnology Industry Organization, which is the first and only trade group that advocates on behalf of companies involved in neurotechnology. Phillips Kuhl, President, Cambridge Innovation Institute, says, "CHI has been providing life science conferences for twenty-five years, and we are very excited to expand our life sciences conference portfolio with the addition of Neurotech Partnering and Neurotech Europe, two high quality and established events. We plan to continue a strong relationship with the Neurotech Industry Organization to ensure continuity of the superb content and networking that attendees have come to expect over the last decade. Also, we are pleased to confirm an ongoing advisory relationship with Zack Lynch and Casey Lynch, the co-founders of NeuroInsights." The Neurotech Conferences provide a global forum where investors, executives, entrepreneurs, scientists and others involved in the development of new treatments and diagnostics for the brain and nervous system come together to shape the future of their organization and the industry. "We wanted to be sure the Neurotech Conference portfolio would continue to have the quality, attention to detail, and key affiliations that have made it so successful. Over the years, we have watched many new relationships formed at these events that lead to successful new treatments and partnerships. We are confident that CHI will continue our tradition of excellence and work in concert with NIO to cultivate the things that make this conference so effective for the global commercial neuroscience community," said Zack Lynch and Casey Lynch, co-founders of NeuroInsights. Allison Fenney, Executive Director of the Neurotechnology Industry Organization (NIO), agreed, "NIO is glad to have CHI as a new partner in co-hosting the North American and European conferences -- key events for our membership to connect with investors and potential partners as well as share lessons learned. The conference is an important time for NIO to share legislative and funding opportunities and identify issues impacting the industry as a whole and we look forward to a fruitful partnership." Neurotech Investing and Partnering Conference is the premier partnering and investing conference for the neurotechnology industry including pharmaceuticals, medical devices, software and diagnostics for the brain and nervous system. For more information on either of these events, visit: http://neurotechpartnering.com Neurotechnology Industry Organization (NIO) (www.neurotechindustry.org) Since 2006, over 120 neuroscience organizations have joined the Neurotechnology Industry Organization in our mission to accelerate neurotechnology research, development and commercialization, including neuroscience companies, brain research institutes, and patient advocacy groups across the spectrum of neurological disease, psychiatric illnesses and nervous system injuries. NIO's programs have the following goals: advocate the industry's position to regulators and elected officials; inform the media about industry's progress and contributions to quality of life; provide industry events and business development services to the industry; foster leadership positions that drive innovation forward. About Cambridge Healthtech Institute (www.healthtech.com) Cambridge Healthtech Institute (CHI), a division of Cambridge Innovation Institute, is the preeminent life science network for leading researchers and business experts from top pharmaceutical, biotech, CROs, academia, and niche service providers. CHI is renowned for its vast conference portfolio held worldwide including PepTalk, Molecular Medicine Tri-Conference, SCOPE Summit, Bio-IT World Conference & Expo, PEGS Summit, Drug Discovery Chemistry, Biomarker World Congress, World Preclinical Congress, Next Generation Dx Summit and Discovery on Target. CHI's portfolio of products includes Cambridge Healthtech Institute Conferences, Barnett International, Insight Pharma Reports, Cambridge Marketing Consultants, Cambridge Meeting Planners, Knowledge Foundation, Bio-IT World, Clinical Informatics News and Diagnostics World. About Cambridge Innovation Institute (www.CambridgeInnovationInstitute.com) A vision since 1992: Cambridge Innovation Institute (CII) delivers cutting edge information through events, publishing, and training to leading commercial, academic, government and research institutes across the life science and energy industries. Cambridge Innovation Institute consists of two business areas: our coverage of advances in life sciences under the well-established Cambridge Healthtech Institute (CHI) brand, and coverage of rechargeable batteries under the newly established Cambridge EnerTech (CET) brand. We focus on high technology fields where research and development are essential for the advancement of innovation.


News Article | December 15, 2016
Site: www.gizmag.com

As we looked at last month, the electric vehicle finally seems to be coming of age. Things really got underway last year, with big debuts like the Audi E-tron Quattro and Porsche Mission E, both of which are slated for production, but it soared higher throughout 2016 with more global automakers and startups committing to electric futures and showing the first fruits of their labors. Here are what we'd call the most promising, seminal, intriguing and just plain cool of the lot. After years of building the electric vehicle to beat, a vehicle out of reach for most, Tesla finally revealed the affordable car that will take its electric technology mainstream. The Model 3 looks as sexy as we knew an entry level Tesla could, and its projected performance and price are just as sexy. According to Tesla, the five-seater will offer around 215 miles (346 km) of range, fire to 60 mph (96.5 km/h) in less than six seconds and price in at US$35,000 before incentives. Tesla also plans for a five-star safety rating, Autopilot hardware and performance models. Tesla may have had the EV announcement of the year, but it certainly wasn't the only big EV reveal. Volkswagen was among multiple major global automakers revealing concepts and production cars to lay the foundation of an electric future, and it gets extra credit for showing two electric concepts and jumpstarting the electrifying year at January's Consumer Electronics Show. It was there that Volkswagen detailed the Modular Electric Drive Kit (MEB) that will underpin its future EVs. It showed it on a rather disappointing reimagining of the Microbus, called Budd-e, then followed up at the Paris Motor Show with a preview of its first planned MEB-based production car, the ID concept. The ID is far from a near-production concept car, but it doesn't have to be seeing as how VW won't be introducing the production version for another few years. The company admits that there's still work to do in developing battery and fast-charge technology, but it expects a 250 to 373-mile (400 to 600-km) range by launch. The concept has a 168-hp rear-mounted motor, showcases electric-driven design cues like the grille-free front-end, and previews autonomous technologies like a retractable steering wheel. The fully autonomous driving experience previewed on the concept won't be ready until at least 2025, but Volkswagen plans to have the ID-based electric car ready to go in 2020. Chinese company NextEV has been honing its high-performance EV skills in the Formula E racing series, where it won the inaugural championship last year with Nelson Piquet Jr. at the wheel. The NIO EP9 brings some of that battery-and-wire prowess to the roads, bringing a full megawatt (1,360 hp) of power from four inboard motors, each with its own gearbox. NextEV says the hypercar is capable of a 7.1-second 0-124 mph (200 km/h), 195-mph (313-km/h) top speed and Nordschleife lap of under 7:06. Last year, it looked like it was going to be Toroidion and Rimac battling for electric hypercar supremacy, but now it might be NextEV and Vanda Electrics, the outfit behind that 1,500-hp car from Singapore, which also has some Formula E know-how behind it. Back to business ... but sexy, fun business. The latest major production car-previewing concept comes from Jaguar. The I-Pace was a leading contender for coolest concept car at the 2016 LA Auto Show, and it's a concept car with a future, previewing a production electric SUV Jaguar plans to put into rotation in 2018. Jaguar could have just dropped an electric powertrain in an F-Pace and had itself the sexiest family-hauling EV out there, but instead it did the unthinkable: somehow, some way, mashing family sedan, SUV and sports car together and making it look pretty damn good. It also made the distinctive package exhilaratingly electric – 395 hp, 0-60 mph in 4 seconds, and 311 miles (500 km) of range. We're not sure how closely the production car will follow the concept, but Jaguar does promise that it will have the same kind of cross-genre inspiration. The Chevy Bolt seems more like a 2015 story, because that's when we first learned about it, but Chevy's robustly ranged EV was but a concept last year, debuting in production form at CES 2016. It might be the least flashy car on this list, but it's also the one that's actually ready now ... not years from now or maybe never. It's also a pretty attractive mix of performance and price, offering a 200-hp electric motor, sub-6.5-second 0-60, and higher-than-estimated 238-mile (383-km) EPA-tested range ... all starting at $37,495 before incentives. With a $7,500 US federal tax credit, the Bolt slides in under $30K. It won't get people excited the way the Model 3 or I-Pace will, but it certainly takes a bite out of several of the issues that have been holding EVs back, namely range anxiety and very high prices. Electric vehicles weren't just making noise at auto shows and electronics conventions this year. They were also out working hard to prove themselves on the track and salt. A number of electric car world records dropped in 2016, including the quarter-mile, the street-legal speed record, and the land speed record. The last was reset in a significant way by the Venturi Buckeye Bullet 3 after several years of weather delays and slower runs. In September, the 3,000-hp battery-powered streamliner set a 341.4-mph (549.4 km/h) world record, surpassing the VBB 2.5's 2010 record by more than 30 mph (48 km/h). As we saw when we traveled to Bonneville a month before the VBB-3's record, salt conditions weren't ideal this year, and they stymied many other world and national record attempts. But despite those subpar conditions, the VBB-3 pushed the electric vehicle record to within 100 mph (161 km/h) of the piston-engine, wheel-driven land speed record, which stands at 439.562 mph (707.4 km/h). The VBB-3 team has cited the potential for 440 mph, suggesting the electric land rocket has enough in the cells to edge out that 439.5-mph mark, but it'll have to wait for another year to break 400 mph (644 km/h) and climb toward the piston-engine leaders. And if it's keen on putting its electric tech on that same footing, even if only for days or hours, it'll have to do so before one of several piston-engine streamliners with 500 mph (805 km/h) in their sights set a new mark. Still, the FFZERO1 was one of the first and loudest reveals of what became the "year of the EV concept," so it deserves its place here. And while the aero-guided race car body may never end up on roads, the concept's skateboard-style Variable Platform Architecture and battery blocks will go on to underpin more serious vehicles. We reckon those batteries will send power to something just a tad more modest than the FFZERO1's 1,000-hp four-motor drive system when applied to the car that Faraday will show next month at CES 2017. If we're going to discuss Faraday Future, we should also discuss LeEco, the multifaceted Chinese tech company whose hip Faraday is joined at. LeEco and its CEO Jia Yueting want badly to dethrone Tesla as electric vehicle king, and the LeSEE concept it debuted in April might not be such a bad way to do it. Like the Model S, it has smooth, endearing style, and while the design certainly shows evidence of Tesla influence, it doesn't look like an unapologetic knockoff the way lesser Chinese electric cars do. LeEco plans to tie the LeSEE into its greater tech ecosystem, with visions of an autonomous electric car that serves up LeEco video and other connected services. LeEco didn't provide details on the powertrain, either at the LeSEE's Chinese debut in April or at its US debut in October, but the company has stressed that it wants the car to be faster than the Model S, with a greater range. The LeSEE is basically just a "first look" at LeEco's developing electric vehicle program, and its future is unclear, especially taking into consideration headlines that LeEco is running into money problems due to the feverish expansion mentality that led it to pursue an electric vehicle program in the first place. It remains to be seen if the company's Chinese Tesla fighter ever becomes a serious proposition, but if it does, we saw it first in 2016. The Mercedes Generation EQ was another big concept car previewing the bright EV future on the way in just a few years' time. And like Volkswagen's CES and Paris efforts, this concept car is more than just a single car, being built on a modular electric architecture designed to deliver an entire family of battery-powered cars. Mercedes' "sporty SUV coupe" styling isn't quite as effortlessly on point as Jaguar's, but the EQ's curves are still attractive. We're not sure we're sold on the idea of a digital rendition of the classic vehicle grille, but Mercedes gets credit for trying something other than carrying the now-unnecessary grille over from ICE cars or blanking the face out completely.


News Article | February 28, 2017
Site: cleantechnica.com

NextEV’s very impressive supercar, the NIO EP9, recently set a new “production car” lap record at the Circuit of the Americas track in Austin — completing the lap in just 2.11.30 — according to recent reports. I put “production car” in quotes since I don’t know who the company thinks that it’s kidding — there were only 6 NIO EP9 supercars made, and they were only made available to major company investors. Either way, though, impressive times. What’s probably more interesting, however, is that the NIO EP9 in question also did a lap completely autonomously in just 2.40.33 — only around a half minute or so slower than “good” drivers can manage. “The megawatt-producing, 1,342-horsepower EP9 accelerates to 124 mph in 7.1 seconds and it can go all the way to 194 mph. Its COTA top speeds were 170 mph with a driver and 160 mph autonomously. The manufacturer will introduce the supercar for the United States market next month in Austin. … “Unveiled late last year, NextEV’s ambitious NIO EP9 electric supercar has been setting some impressive laptimes. The manufacturer says the EP9 is the fastest electric car in the world, with a 7:05.12 Nürburgring Nordschleife lap and a 1:52.78 Circuit Paul Ricard lap under its belt.” Impressive when taken all together, but not of much meaning to the everyday lives of … really, anyone. Hopefully the company sets its eyes on offering an affordable electric SUV (~$30,000) or something like that. That’s what would be interesting to me — not another luxury offering like Faraday Future is planning to release. Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter. James Ayre 's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


News Article | November 21, 2016
Site: cleantechnica.com

NextEV has finally revealed its all-electric supercar, which has been dubbed the NIO EP9, and it was definitely worth the wait. As previously stated by former co-president Martin Leach, the electric vehicle does indeed possess a megawatt (MW) of power (1360 horsepower) and is capable of some serious performance. With its 4 electric motors and 4 gearboxes, the NIO EP9 can do 0–60 mph in 2.7 seconds; 0–124 mph (200 km/h) in 7.1 seconds; and can hit a top speed of 200 mph (313 km/h). At 240 km/h the NIO EP9 reportedly produces 24,000 Newtons of downforce. As far as a performance, the NIO EP9 can apparently do a Nürburgring Nordschleife lap in just 7,05.12 — a fair bit faster than the 7,22.329 that a Toyota TMG EV P002 managed a few years ago. Other performance examples include a reported 1,52.78 lap around the Paul Ricard circuit (France) — a big gain over the earlier electric vehicle record on the track of nearly 3 minutes. As far as more mundane facts, the model features a battery pack allowing for 265 miles (~427 kilometers) of range per charge. These battery packs are, as you would expect, easily swappable, and most of those intending to race will presumably own multiple ones. A final note: the company has apparently designed the sensory and control systems in such a way that they could eventually be self-driving capable. It’s not completely clear what that means, but presumably once self-driving technologies gain regulatory approval, then the company will pursue such a feature. An autonomous racing car, huh? Buy a cool T-shirt or mug in the CleanTechnica store!   Keep up to date with all the hottest cleantech news by subscribing to our (free) cleantech daily newsletter or weekly newsletter, or keep an eye on sector-specific news by getting our (also free) solar energy newsletter, electric vehicle newsletter, or wind energy newsletter. James Ayre 's background is predominantly in geopolitics and history, but he has an obsessive interest in pretty much everything. After an early life spent in the Imperial Free City of Dortmund, James followed the river Ruhr to Cofbuokheim, where he attended the University of Astnide. And where he also briefly considered entering the coal mining business. He currently writes for a living, on a broad variety of subjects, ranging from science, to politics, to military history, to renewable energy. You can follow his work on Google+.


News Article | February 27, 2017
Site: www.businesswire.com

SAN JOSE, Calif.--(BUSINESS WIRE)--Today, NIO, a next-generation car company, announced the fastest ever autonomous lap at the Circuit of the Americas Race Track in Austin, Texas. On February 23, the NIO EP9 drove autonomously without any interventions, recording a time of 2m 40.33s (two minutes, 40.33 seconds) at a top speed of 160 mph. The same day, the NIO EP9 also beat the fastest COTA lap time for a production car with a driver, achieving a lap time of 2m 11.30s (two minutes, 11.30 seconds) and reaching a top speed of 170 mph. The technology and software which delivered the world’s fastest autonomous lap was developed by the engineers at NIO U.S. headquartered in Silicon Valley. This tremendous feat was accomplished from start to finish in just 4 months. A few months ago, on October 12, 2016, the NIO EP9 set a record at the Nürburgring Nordschliefe and lapped the 20.8km ‘Green Hell’ in 7m 05.12s, making it the fastest electric car in the world. With four high-performance inboard motors and four individual gearboxes, the EP9 delivers 1-MegaWatt of power, equivalent to 1360PS (1342BHP). The EP9 accelerates from 0-124 mph in 7.1 seconds and has a top speed of 194 miles per hour. With an interchangeable battery system, the EP9 is designed to be charged in 45 minutes and has a range of 265 miles. Padmasree Warrior, CEO of NIO U.S said, “At NIO, we are all about raising the bar for the entire automotive industry. Breaking records with the NIO EP9 demonstrates our automotive and technology expertise to be a leader in the global market. Our Silicon Valley team brings together the best talent from automotive and software domains, which helped us achieve this remarkable result in an incredibly short time. Our goal is to be the best next-generation car company, by delivering autonomous vehicles with amazing experiences for people all over the world. We look forward to sharing our vision for the car of the future in Austin, Texas at SXSW in March.” COTA COO, Katja Heims said: “We are honored to be a part of NIO’s amazing lap record and see performance and autonomy coexist. We all know that autonomous vehicles are part of the future and this new record is further proof.” NIO will hold a U.S. launch in Austin, Texas from Friday, March 10 through Sunday, March 12 at Coppertank Event Center. The autonomous NIO EP9 will be on display. NIO executives and staff will be onsite to share our vision for the future of autonomous vehicles. Padmasree Warrior, NIO U.S CEO will deliver a keynote at SXSW on Saturday, March 11 at 11a.m. at the JW Marriott, Salon 5-6. For media not able to attend the showcase in person, NIO will have a webcast event and Q&A session at 10a.m. on Friday, March 10. If you are media and want to attend the webcast or come by our showcase please contact NIO (events@nio.com) for credentials or questions. NIO is a global start-up, designing and developing smart, high-performance, premium electric vehicles. NIO has thousands of world-class R&D and design experts from around the world with significant technology and management background from leading automobile and high tech companies. NIO has more than 2,000 employees in San Jose, Shanghai, Munich, London and eight other locations. In October, NIO USA announced that it was issued an Autonomous Vehicle Testing Permit by the California DMV and it would begin testing on public roads under the Autonomous Vehicle Tester Program guidelines as it progresses on its path to bring autonomy to market. Investors include Tencent, Temasek, Sequoia Capital, Lenovo, TPG and other world-renowned investment institutions. The company is also involved in the FIA Formula Championship, the world’s first single-seater, all-electric racing series. The NextEV NIO Formula E team won the inaugural drivers’ championship title in 2015.


DETROIT and SHANGHAI, China, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS) today announced that it has signed agreements with Chinese automotive OEMs, SAIC General Motors (SGM) and NextEV to launch supplier engagement platforms for each of their global enterprises. The Covisint platform provides the foundation for SAIC General Motors (SGM) and NextEV to provide easy access to critical applications and content to their ecosystem of suppliers, regardless of size or location, and enable both SAIC General Motors and NextEV to realize the following benefits: “Innovative, high-growth companies like SGM and NextEV recognize the need for a single, global platform to meet their next generation supply chain needs,” said Steve Asam, CTO, Covisint.  “We are proud to expand our global platform to enable the first and only Automotive Exchange to be hosted in China.” Established in June 1997, SAIC General Motors (SGM) is a joint venture between SAICMOTOR and General Motors, and is the largest automotive OEM in China.  Today, SGM is a multi-brand company with more than twenty product lines, including the world-renowned Buick, Chevrolet, and Cadillac brands, covering the luxury, compact, sedan, MPV, and SUV segments, as well as hybrid and electric vehicles.  They expect over 5,000 suppliers to be connected to the platform in the near future. Covisint was recognized as supplier of the year by SAIC GM in 2016 and was the sole IT supplier to receive this award. NextEV is the newest Chinese electric vehicle OEM headquartered in San Jose and has over 2,000 employees across 12 countries.  NextEV released the NIO brand, as well as model EP9 as the first ultra-pure electric vehicle in China on November 21, 2016. “Covisint is the leader in providing automotive supply chain solutions in China, as our global network continues to grow,” said Yan Zhang, General Manager of Asia Pacific Operations for Covisint.  “This continued growth in China validates the value our platform delivers.” SAIC General Motors and NextEV join the world’s largest automotive supplier network, which has over 97,000 suppliers globally connected to 7 global OEMs.  Over 600,000 supplier users access more than 700 applications and services across these OEMs.  The community is multi-lingual available in over 10 languages and with 24x7x365 help desk support in 6 global locations. About Covisint Corporation Covisint is the leading Cloud Platform for building Identity and Internet of Things (IoT) applications. Our Cloud Platform technology facilitates the rapid development of identification, authorization and connection of complex networks of people, processes, systems and things. The Covisint Cloud Platform supports customers in their endeavors to securely identify, authenticate and connect users, devices, applications and information.  It supports 2,000 organizations who connect more than 212,000 business partners and customers that support $4 billion in ecommerce transactions annually.  Learn more at www.covisint.com. Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 - that is, statements related to future events. In this context, forward-looking statements may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Covisint, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include, risks and uncertainties related to the customer’s launch of the solution within their eco-system; our ability to continue to host the platform in China; our ability to attract new customers; unpredictable macro-economic conditions; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2016 and subsequent Quarterly Reports on Form 10-Q. We do not undertake to update our forward-looking statements except as required by law.


DETROIT and SHANGHAI, China, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS) today announced that it has signed agreements with Chinese automotive OEMs, SAIC General Motors (SGM) and NextEV to launch supplier engagement platforms for each of their global enterprises. The Covisint platform provides the foundation for SAIC General Motors (SGM) and NextEV to provide easy access to critical applications and content to their ecosystem of suppliers, regardless of size or location, and enable both SAIC General Motors and NextEV to realize the following benefits: “Innovative, high-growth companies like SGM and NextEV recognize the need for a single, global platform to meet their next generation supply chain needs,” said Steve Asam, CTO, Covisint.  “We are proud to expand our global platform to enable the first and only Automotive Exchange to be hosted in China.” Established in June 1997, SAIC General Motors (SGM) is a joint venture between SAICMOTOR and General Motors, and is the largest automotive OEM in China.  Today, SGM is a multi-brand company with more than twenty product lines, including the world-renowned Buick, Chevrolet, and Cadillac brands, covering the luxury, compact, sedan, MPV, and SUV segments, as well as hybrid and electric vehicles.  They expect over 5,000 suppliers to be connected to the platform in the near future. Covisint was recognized as supplier of the year by SAIC GM in 2016 and was the sole IT supplier to receive this award. NextEV is the newest Chinese electric vehicle OEM headquartered in San Jose and has over 2,000 employees across 12 countries.  NextEV released the NIO brand, as well as model EP9 as the first ultra-pure electric vehicle in China on November 21, 2016. “Covisint is the leader in providing automotive supply chain solutions in China, as our global network continues to grow,” said Yan Zhang, General Manager of Asia Pacific Operations for Covisint.  “This continued growth in China validates the value our platform delivers.” SAIC General Motors and NextEV join the world’s largest automotive supplier network, which has over 97,000 suppliers globally connected to 7 global OEMs.  Over 600,000 supplier users access more than 700 applications and services across these OEMs.  The community is multi-lingual available in over 10 languages and with 24x7x365 help desk support in 6 global locations. About Covisint Corporation Covisint is the leading Cloud Platform for building Identity and Internet of Things (IoT) applications. Our Cloud Platform technology facilitates the rapid development of identification, authorization and connection of complex networks of people, processes, systems and things. The Covisint Cloud Platform supports customers in their endeavors to securely identify, authenticate and connect users, devices, applications and information.  It supports 2,000 organizations who connect more than 212,000 business partners and customers that support $4 billion in ecommerce transactions annually.  Learn more at www.covisint.com. Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 - that is, statements related to future events. In this context, forward-looking statements may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Covisint, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include, risks and uncertainties related to the customer’s launch of the solution within their eco-system; our ability to continue to host the platform in China; our ability to attract new customers; unpredictable macro-economic conditions; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2016 and subsequent Quarterly Reports on Form 10-Q. We do not undertake to update our forward-looking statements except as required by law.


DETROIT and SHANGHAI, China, Dec. 07, 2016 (GLOBE NEWSWIRE) -- Covisint Corporation (Nasdaq:COVS) today announced that it has signed agreements with Chinese automotive OEMs, SAIC General Motors (SGM) and NextEV to launch supplier engagement platforms for each of their global enterprises. The Covisint platform provides the foundation for SAIC General Motors (SGM) and NextEV to provide easy access to critical applications and content to their ecosystem of suppliers, regardless of size or location, and enable both SAIC General Motors and NextEV to realize the following benefits: “Innovative, high-growth companies like SGM and NextEV recognize the need for a single, global platform to meet their next generation supply chain needs,” said Steve Asam, CTO, Covisint.  “We are proud to expand our global platform to enable the first and only Automotive Exchange to be hosted in China.” Established in June 1997, SAIC General Motors (SGM) is a joint venture between SAICMOTOR and General Motors, and is the largest automotive OEM in China.  Today, SGM is a multi-brand company with more than twenty product lines, including the world-renowned Buick, Chevrolet, and Cadillac brands, covering the luxury, compact, sedan, MPV, and SUV segments, as well as hybrid and electric vehicles.  They expect over 5,000 suppliers to be connected to the platform in the near future. Covisint was recognized as supplier of the year by SAIC GM in 2016 and was the sole IT supplier to receive this award. NextEV is the newest Chinese electric vehicle OEM headquartered in San Jose and has over 2,000 employees across 12 countries.  NextEV released the NIO brand, as well as model EP9 as the first ultra-pure electric vehicle in China on November 21, 2016. “Covisint is the leader in providing automotive supply chain solutions in China, as our global network continues to grow,” said Yan Zhang, General Manager of Asia Pacific Operations for Covisint.  “This continued growth in China validates the value our platform delivers.” SAIC General Motors and NextEV join the world’s largest automotive supplier network, which has over 97,000 suppliers globally connected to 7 global OEMs.  Over 600,000 supplier users access more than 700 applications and services across these OEMs.  The community is multi-lingual available in over 10 languages and with 24x7x365 help desk support in 6 global locations. About Covisint Corporation Covisint is the leading Cloud Platform for building Identity and Internet of Things (IoT) applications. Our Cloud Platform technology facilitates the rapid development of identification, authorization and connection of complex networks of people, processes, systems and things. The Covisint Cloud Platform supports customers in their endeavors to securely identify, authenticate and connect users, devices, applications and information.  It supports 2,000 organizations who connect more than 212,000 business partners and customers that support $4 billion in ecommerce transactions annually.  Learn more at www.covisint.com. Forward-Looking Statements This news release contains “forward-looking statements” within the meaning of Section 21E of the Securities Exchange Act of 1934 - that is, statements related to future events. In this context, forward-looking statements may address our expected future business and financial performance, and often contain words such as “expects”, “anticipates”, “intends”, “plans”, “believes”, “will”, “should”, “could”, “would” or “may” and other words of similar meaning. Forward-looking statements by their nature address matters that are, to different degrees, uncertain. For Covisint, particular risks and uncertainties that could cause our actual future results to differ materially from those expressed in our forward-looking statements include, risks and uncertainties related to the customer’s launch of the solution within their eco-system; our ability to continue to host the platform in China; our ability to attract new customers; unpredictable macro-economic conditions; and other risks and uncertainties discussed in this and our other filings with the Securities and Exchange Commission, including our Annual Report on Form 10-K for the fiscal year ended March 31, 2016 and subsequent Quarterly Reports on Form 10-Q. We do not undertake to update our forward-looking statements except as required by law.


NEW YORK--(BUSINESS WIRE)--On the latest BizWireTV, catch what’s on The Launch Pad and see what’s happening in the startup world with the Accelerator Report, featuring the VC Watch and this week’s Startup Standout. Now you can watch BizWireTV, and the latest breakthroughs in tech from the biggest brands, on any screen you want by downloading the new app through the Apple TV and iPhone App Store and Google Play for Android devices. NIO sets a new record for fastest autonomous car in the world Embark unveils its self-driving truck technology to the public Watch BizWireTV to see more disruptors as well as the top 5 trending stories of the week! A core component of the video programming is news-related data analysis powered by Business Wire’s NewsTrak reports and NUVI social media tracking. BizWireTV is hosted by Jordyn Rolling. Watch new episodes of BizWireTV every Thursday, premiering at 6am on BizWireTV.com Business Wire, a Berkshire Hathaway company, is the global leader in press release distribution and regulatory disclosure. Investor relations, public relations, public policy and marketing professionals rely on Business Wire to accurately distribute market-moving news and multimedia, host online newsrooms and IR websites, build content marketing platforms, generate social engagements and provide audience analysis that improves interaction with specified target markets. Founded in 1961, Business Wire is a trusted source for news organizations, journalists, investment professionals and regulatory authorities, delivering news directly into editorial systems and leading online news sources via its multi-patented simultaneous NX Network. Business Wire has 29 offices worldwide to securely meet the varying needs of communications professionals and news consumers. In 2015, Business Wire teamed up with Al Roker Entertainment to create BizWireTV, a weekly digital video news program that features the top trending news releases that cross the wire. Learn more at services.BusinessWire.com and Tempo, the Business Wire resource for industry trends; follow updates on Twitter: @businesswire or on Facebook. Click here to subscribe to Mobile Alerts for Business Wire.


News Article | October 28, 2016
Site: globenewswire.com

Tredje kvartalet, 1 juli - 30 september 2016 TREDJE KVARTALET, 1 JULI - 30 SEPTEMBER 2016 · Koncernens omsättning uppgick till - (-) MSEK. · Nettoresultatet uppgick till –9,3 (-6,1) MSEK eller -0,15 (-0,21) SEK per aktie. · Kassaflödet från den löpande verksamheten var –12,7 (-4,2) MSEK eller -0,38 (-0,14) SEK per aktie. · Koncernens likvida medel uppgick vid periodens utgång till 0,7 (6,1) MSEK. FÖRSTA NIO MÅNADERNA, 1 JANUARI – 30 SEPTEMBER 2016 · Koncernens omsättning under perio

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