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Amputees who wear prosthetic limbs could soon have a much better alternative, which will give them a sense of touch, as well as temperature and texture. The new technology is a solar-energy powered prosthetic limb, which will entirely replace batteries. The research responsible for this new technology was published, March 22, in the peer-reviewed journal Advanced Functional Materials. Generally, prosthetics are powered by batteries, but a new prototype created by researchers from the University of Glasgow created the possibility of "solar-powered skin," which would also come with sensory enhancements compared to the existing technology. "If an entity is going out in a sunny day, then they won't need any battery. They can feel, without worrying about battery," noted Ravinder Dahiya, research fellow at the university and lead author of the research. As the new technology is capable of producing its own energy from natural sources, this type of electronic skin could last longer than similar products currently available on the market. A battery-based prosthetic limb would also come with limited portability, which is another advantage of the solution proposed by the British researchers. As part of the study, the engineers attached a layer of power-generating photovoltaic cells on the back of the sensor-laden prosthetic limb. They used graphene in creating the sensors, which is a material with higher strength than steel, and is transparent and electrically conductive. The transparency of the touch-sensitive layer is believed to be a main feature allowing the technology to be fully functional because it allows the sunlight to get to the sensors and effectively replace batteries, according to the team of researchers. "Transparency of the touch sensitive layer is considered a key feature to allow the photovoltaic cell to effectively harvest light. Moreover, ultralow power consumed by the sensitive layer further reduces the photovoltaic area required to drive the tactile skin," noted the research. At the same time, the new prosthetic limb produces responses to sensors for both dynamic and static stimuli, which are evaluated by performing different tasks, from grabbing soft objects to simple touching, allowing the entity wearing it to feel more accurately. The new technology could also improve the functionality of robots, which would now have the capacity to better understand the external environment they interact with, according to the researchers. Provided that robots would have touch-sensitive limbs that react to pressure, they would act in a more coordinated manner, being much less likely to injure humans in their interactions. The team of researchers now wishes to further develop the prototype in the following two years. A further step would be managing to power the entire motors of the prosthetic limbs with renewable energy, and not just the skin. Previous scientific innovative prosthetic limb was created by researchers at Pat Starace Research & Development. They created a fully functional prototype of a prosthetic hand, in the form of a 3D-printed glove stylized after Iron Man's. The researchers aimed to make kids who lost their arms feel like superheroes, understanding how emotionally devastating such an event can be for a child. © 2017 Tech Times, All rights reserved. Do not reproduce without permission.


News Article | April 17, 2017
Site: co.newswire.com

AIBTM announces Bakery Ingredient Library and a release of Book entitled Bakery Insight: "Science-Technology -Processes Why's to Wise" Baking is a process that has been practiced for centuries. Bakery products range in complexity from the simple ingredients of flour to premixes, a plain pastry to the numerous components of a cake, bread to croissants, cookies to crackers, and many more. While currently there are numerous ingredients that are available which are aimed for development and production of quality bakery products, the challenge facing bakers, production staff, researchers and academicians, etc is the limited awareness. AIBTM has developed “Ingredient Library” to provide information on ingredients that have been determined to be generally recognized as safe and approved under conditions of intended use as ingredients. The Library provides ingredients and information about various ingredients for Research & Development; Education, Processing of Bakery Products. It is supplemented with teaching and practical usage of ingredients during our training programs for industry, entrepreneurs and students. AIBTM also understands that industry/bakers and academia should also be aware regarding the availability, functionality and usage of various ingredients.  AIBTM has made available display space to Ingredient manufacturers/suppliers at “Ingredient Library”. AIBTM has published a comprehensive book on “Bakery Insight: Science-Technology -Processes  Why's to Wise". It is written by Mr. K. Ravi who has more than 35 years experience in production, processes, R&D, etc. with major bakery industries.  He has been associated with AITBM since its inception. This book will be requisite key to help answer various aspects of a bakery (Biscuit, Bread, Cake, Ingredients and control systems). The Bakery Insight covers all aspects of baking including: Bakery Ingredients (Wheat Flour, Water, Oils & Fats, Sugar & Salt, Food Additives, Emulsifiers, Enzymes, Leaving Agents, Colour & Flavours, Milk Products, Cocoa Products, Fruits & Nuts, Spices, Starches & Cereals); Cookies & Crackers -Trouble Shooting; Bread - Trouble Shooting; Cakes- Trouble Shooting; Packaging; Food Safety & Legislation; Nutrition & Fortification; Preservative; Shelf Life; Food Analysis; Licenses for Factory Operation and Glossary of Terms. This will book will be highly recommended to industry, research and academic institutes/colleges.  It will be widely available in India and other neighboring countries. AIBTM is thankful to ADM agro Industries India Pvt. Ltd.; Buhler India Pvt. Ltd.; Cargill India Pvt. Ltd.; DuPont Nutrition & Health; Fine Organics Industries Pvt. Ltd.; ICL Management & Trading India Pvt. Ltd.; Indo Bakels Pvt.Ltd.; Monginis Foods Pvt. Ltd.; Novozymes South Asia Pvt. Ltd.; Rademaker BV; Sonic Biochem Extraction Ltd.; Stern Ingredients India Pvt. Ltd.; and The Delhi Flour Mills Co. Ltd. for their support for the development of Bakery  Ingredient Library and/or publication of Bakery Insight.


News Article | April 17, 2017
Site: co.newswire.com

As a fully equipped centre of excellence, AIBTM is a complete facility for Research & Development needs of industry at all levels. Medium and small units that have not invested in R&D set up can outsource work to AIBTM. Busy R&D centre’s can get bakery related work done at AIBTM and release time at their own facility for other work. Focused and specialized bakery related facility can provide complete R&D service to bakery industry. I.                Set-up of New Bakery and Confectionery Unit (Industrial and Artisan) 1.     Complete Solution for new product development and improvement AIBTM can develop products, formulations and process related to Bakery, Confectionery, Dairy and allied fields. v  Non Dairy Whip Topping: Development of Non Dairy Whip Toppings, Chocolate whip toppings, Truffle base, Whip topping powder mix. b)   Shelf life improvement of ready products: Complete solution for shelf life increase in bakery products. a)     Development of Cooking Creams in frozen and UHT packaging. The project will implemented with assurance of timely implementation and hi-confidentiality for long-term sustainability. Our team of experts and professional are highly qualified (Phd in Food Science & Technology and AIB Graduates) and experienced with working industrial experience in India and several other countries. They are experts in product development and formulation (Dairy science, Bakery science, whipping and cooking creams, Confectionary). They have done successful development and commercialization of innovative bakery products, Pre-mixes for bread/cake mixes, concentrates, nutritional and healthy food products; UHT and Frozen non dairy whipping and cooking creams and many confectionary products for bakery industries, ingredient and dairy industries. Our enterprising Food/Bakery Technologists & Management Professionals have rich experience in Quality Assurance, Production Planning & Control, R & D, Process Improvement, Cost Control and in executing Food Safety system.


News Article | April 30, 2017
Site: www.prweb.com

Junbo Chen, Bellema’s Chairman and Founder announced today of his desire into continuing strong investments towards the Factory’s Research & Development (R&D) of more effective breast pump models as the Effective Pro breast pump becomes the favorite of most working mothers. Junbo Chen, the CEO of Guangdong Horigen Baby Products and Bellema USA further announced that two more models on closed system breast pumps, one of which is a multi-user will be launched before the third quarter of this year. Bellema USA has aggressively pursued active marketing campaigns nationwide for its Effective Pro with IDC™ (Independent Dual Control®). “It has been a comprehensive journey for our Sales and Marketing Team as they hop from one hospital to another meeting with breastfeeding specialists and talking about the benefits of the Effective Pro Breast Pump for the mothers,” says Mr. Chen. The rise of the popularity of Effective Pro in California can also be credited to the efforts of Kathleen Huggins, owner of Simply Mama. She has been aggressively marketing and promoting this breast pump model to all California WIC Agencies. At the 25th Annual WIC Conference in San Diego, Kathleen Huggins was all-time energized as she presented how WIC mothers can avail of the BelleMa Effective Pro with IDC™ Breast Pump under the Simply Mama Program. Simply Mama, located in San Luis Obispo is one of BelleMa’s distribution partners for Effective Pro providing to Medical and Medical managed care plan patients. Kathleen was also the author of the bestselling book, “The Nursing Mother’s Companion”, now on its 7th Edition. Bellema’s plan is to partner with more HME Distributors to broaden the network of mothers using the Effective Pro. Other DME Distributors providing the Effective Pro are: Growing with Baby in San Luis Obispo, 5Medical in Fresno, and Women’s Health Boutique in Texas. BelleMa announces its participation as an Exhibitor of the United States Lactation Consultant Association Conference (USLCA) in San Antonio, TX this coming May 4-6. Furthermore, BelleMa is glad to announce its second year of attendance with the International Lactation Consultant Association (ILCA®) Conference to be held in Toronto, Canada July 19-21, 2017. At this Conference, Bellema will be launching the Effective Pro in Canada with the Health Canada license, which is currently in process. Imelda Chacon, BelleMa’s PR Manager expressed: “There is no other way to introduce a new breast pump brand but to show them to the Experts”, and she added: “working with these IBCLC’s and getting involved with breastfeeding coalitions have been very exciting, challenging yet very much worthwhile and fulfilling!” More and more Baby-Friendly Hospital Initiative (BFHI) facilities in California have been using this model at their NICU Department. Bellema expresses its desire to continue its support to the WHO International Code of Marketing Breast milk by ensuring its compliance. The US Company actively supports breastfeeding coalitions such as the South Coast Nevada Breastfeeding Coalition, the Live, Latch, Love Coalition of Henry County in Georgia, Breastfeed LA and many other local breastfeeding coalitions. BelleMa believes that every mother must be encouraged to breastfeed as this is the best food for babies. Bellema furthermore advocates that an effective breast pump plays a big role in a mother’s breastfeeding success. Sandra Hathaway, RN, IBCLC of Hollywood Presbyterian (a BFHI Facility) who was given a sample of the Effective Pro shared this comment: “I have a patient who had twins and she was using a breast pump from her insurance but can never get milk out from her breast. I gave her the BelleMa Effective Pro and that was the only breast pump that can successfully drain her breast!” Part of Bellema’s 2017 strategy is to position the brand in significant and appropriate market segments. “We know the size of the market, yet the market does not know BelleMa yet,” says Kai He BelleMa’s US Managing Partner. “We are very patient. We know that we are offering a solution and not just a mere product,” Kai added. According to global studies, breast pump market size is anticipated to grow at a CAGR of 7.7% over the period 2016-2024. Key drivers are the active investments of governments and breastfeeding organizations on various strategies on all market segments, offering innovative and cost effective solutions for breastfeeding. Most of the women nowadays have more awareness in the importance of breastfeeding and have balanced priorities which play a major impact on the dynamics of the breast pump industry, along with the exponentially increasing birth rates propelling the breast pump demand, thus driving industry trends. BelleMa will build on its success in increasing customer satisfaction realizing the benefits of using the Effective Pro. Over the past months BelleMa has been sending evaluation samples to Lactation Consultants, WIC Agencies and hospitals. An increased order momentum on this model has been seen on both the consumer and healthcare business segments. This momentum will be maintained and will be further enhanced by improving on the Bellema website design allowing a more responsive portal for the distribution partners and the end-users. The new website will be able to direct mothers how they can avail of the Effective Pro through their insurance, a Lactation Consultant Page and the ability for mothers to access and download all user manuals and troubleshooting videos for all BelleMa breast pumps. With joint efforts from the China and the USA Team, BelleMa plans to grow ahead of the market by increasing its penetration, more product innovation and growth through expansion.


The global small arms light weapons market is expected to reach USD 25.76 billion by 2024 The increasing issues on human rights and safety and security are expected to drive the demand. The increasing effects of urban warfare along with increasing terrorism incidents have also led to the development of the small arms light weapons across various regions. An increase in the urban warfare along with increased terrorist activity is anticipated to propel the market growth. The development of light-weight weapons for further enhancement of defense system is an ongoing trend in the developed countries. Increasing criminal activities and human rights violations have resulted in the increased efforts for the technology advancements and modernization of the weapons utilized by law enforcement. The Combat Development and Integration Command's Fires and Maneuver Integration Division of marines introduced the small arms modernization strategy which is expected to focus on updating and developing the current weapons in short-term and futuristic systems that could hit the fleet in the 2020s. The governments of various countries are also investing their resources for the development of highly sophisticated weapon accessories such as night vision devices, laser rangefinders, weapon sights, aiming lasers, and fire control systems. High investment in the defense Research & Development (R&D) for shoulder -wired weapons made for developing a highly robust, reliable, and durable weapons system has also catapulted the demand for light weapons in military applications. The limited defense budget to boost the development of defense system is expected to hinder the market growth. Further key findings from the study suggest: Key Topics Covered: 1 Methodology and Scope 2 Executive Summary 3 Market Snapshot 3.1 SALW- Market snapshot & key buying criteria, 2014 - 2024 4 SALW Industry Outlook 4.1 Market segmentation 4.2 SALW market size and growth prospects 4.3 SALW value chain analysis 4.4 SALW market dynamics 4.4.1 Market driver analysis 4.4.1.1 Modernization in police force 4.4.1.2 Increase in urban warfare 4.4.2 Market restraint analysis 4.4.2.1 Impact of firearm legislations 4.5 Key opportunities prioritized 4.6 Industry analysis - Porter's 4.7 SALW company market share analysis, 2014 4.8 SALW- PESTEL analysis 5 SALW Type Outlook 5.1 SALW market share by type, 2015 & 2024 5.2 Small Arms 5.2.1 Pistols 5.2.2 Rifles 5.2.3 Revolver 5.2.4 Shotguns 5.2.5 Man-Portable Machine Guns 5.2.6 Others 5.3 Light Weapons 5.3.1 Landmine 5.3.2 Mortars 5.3.3 Grenades and Grenade Launchers 5.3.4 Rocket and Rocket Launchers 5.3.5 Rocket Propelled Grenades (RPG) 5.3.6 Anti-Tank Weapons 5.3.7 Anti-Aircraft Weapons 5.3.8 Others 6 SALW Application Outlook 6.1 SALW market share by application, 2015& 2024 6.1.1 Military 6.1.2 Law Enforcement 6.1.3 Others 7 SALW Regional Outlook 8 Competitive Landscape For more information about this report visit http://www.researchandmarkets.com/research/2d4btt/small_arms_light Research and Markets Laura Wood, Senior Manager press@researchandmarkets.com For E.S.T Office Hours Call +1-917-300-0470 For U.S./CAN Toll Free Call +1-800-526-8630 For GMT Office Hours Call +353-1-416-8900 U.S. Fax: 646-607-1907 Fax (outside U.S.): +353-1-481-1716 To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/research-and-markets---global-small-arms-light-weapons-salw-market-2014-2017--2024-key-companies-are-raytheon-berette-spa-glock-ges-mbh-and-fn-herstal-300442657.html


News Article | May 1, 2017
Site: globenewswire.com

PALO ALTO, Calif., May 1, 2017 (GLOBE NEWSWIRE) -- The Electric Power Research Institute (EPRI) has named Rob Chapman as vice president of Energy and Environment, the sector that provides global thought leadership to shape a sustainable future for electricity. The appointment is effective May 1, and he will report to Arshad Mansoor, senior vice president of Research & Development. Chapman will oversee science and technology research that addresses environmental, health, and economic issues related to the generation, delivery, and use of electricity. The sector's research focuses on air, land, water and energy challenges, and it informs public policy, enables sustainable practices, and improves occupational health and safety in the industry. He succeeds Anda Ray, who is senior vice president of External Relations and Technical Resources and Chief Sustainability Officer, where she leads member and stakeholder relations, international engagement, government affairs, strategic marketing and communications, laboratories, corporate safety, and corporate social responsibility. Chapman joined EPRI in 1999 as the director of North American Technical Advisory Services and was named vice president of Member & Technical Services in 2006. Prior to his time at EPRI, he was director of Western Sales for PG &E Energy Services where he led efforts to establish premium power services for technology companies in the Silicon Valley region. He holds a Bachelor of Science degree in mechanical engineering from California Polytechnic State University, San Luis Obispo, and has completed executive business courses at the University of Chicago. About EPRI: The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.Car.; Knoxville, Tenn.; and Lenox, Mass.


News Article | May 1, 2017
Site: globenewswire.com

PALO ALTO, Calif., May 1, 2017 (GLOBE NEWSWIRE) -- The Electric Power Research Institute (EPRI) has named Rob Chapman as vice president of Energy and Environment, the sector that provides global thought leadership to shape a sustainable future for electricity. The appointment is effective May 1, and he will report to Arshad Mansoor, senior vice president of Research & Development. Chapman will oversee science and technology research that addresses environmental, health, and economic issues related to the generation, delivery, and use of electricity. The sector's research focuses on air, land, water and energy challenges, and it informs public policy, enables sustainable practices, and improves occupational health and safety in the industry. He succeeds Anda Ray, who is senior vice president of External Relations and Technical Resources and Chief Sustainability Officer, where she leads member and stakeholder relations, international engagement, government affairs, strategic marketing and communications, laboratories, corporate safety, and corporate social responsibility. Chapman joined EPRI in 1999 as the director of North American Technical Advisory Services and was named vice president of Member & Technical Services in 2006. Prior to his time at EPRI, he was director of Western Sales for PG &E Energy Services where he led efforts to establish premium power services for technology companies in the Silicon Valley region. He holds a Bachelor of Science degree in mechanical engineering from California Polytechnic State University, San Luis Obispo, and has completed executive business courses at the University of Chicago. About EPRI: The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.Car.; Knoxville, Tenn.; and Lenox, Mass.


News Article | May 1, 2017
Site: globenewswire.com

PALO ALTO, Calif., May 1, 2017 (GLOBE NEWSWIRE) -- The Electric Power Research Institute (EPRI) has named Rob Chapman as vice president of Energy and Environment, the sector that provides global thought leadership to shape a sustainable future for electricity. The appointment is effective May 1, and he will report to Arshad Mansoor, senior vice president of Research & Development. Chapman will oversee science and technology research that addresses environmental, health, and economic issues related to the generation, delivery, and use of electricity. The sector's research focuses on air, land, water and energy challenges, and it informs public policy, enables sustainable practices, and improves occupational health and safety in the industry. He succeeds Anda Ray, who is senior vice president of External Relations and Technical Resources and Chief Sustainability Officer, where she leads member and stakeholder relations, international engagement, government affairs, strategic marketing and communications, laboratories, corporate safety, and corporate social responsibility. Chapman joined EPRI in 1999 as the director of North American Technical Advisory Services and was named vice president of Member & Technical Services in 2006. Prior to his time at EPRI, he was director of Western Sales for PG &E; Energy Services where he led efforts to establish premium power services for technology companies in the Silicon Valley region. He holds a Bachelor of Science degree in mechanical engineering from California Polytechnic State University, San Luis Obispo, and has completed executive business courses at the University of Chicago. About EPRI: The Electric Power Research Institute, Inc. (EPRI, www.epri.com) conducts research and development relating to the generation, delivery and use of electricity for the benefit of the public. An independent, nonprofit organization, EPRI brings together its scientists and engineers as well as experts from academia and industry to help address challenges in electricity, including reliability, efficiency, affordability, health, safety and the environment. EPRI's members represent approximately 90 percent of the electricity generated and delivered in the United States, and international participation extends to more than 30 countries. EPRI's principal offices and laboratories are located in Palo Alto, Calif.; Charlotte, N.Car.; Knoxville, Tenn.; and Lenox, Mass.


SACRAMENTO, Calif., April 10, 2017 (GLOBE NEWSWIRE) -- Aerojet Rocketdyne, Inc., a subsidiary of Aerojet Rocketdyne Holdings, Inc. (NYSE:AJRD), announced plans for the next phase of its Competitive Improvement Program (CIP) that was launched in 2015. The next phase (Phase II) includes additional consolidation and optimization of Aerojet Rocketdyne facilities over the next two years. “We are two years into the first phase of our CIP affordability drive and the consolidation progress, and overhead cost reductions achieved to date have exceeded our expectations,” said Aerojet Rocketdyne CEO and President Eileen Drake. “We intend to build on this success by expanding our CIP-related consolidation efforts so we can deliver the value our customers demand and position our company for further growth.” Aerojet Rocketdyne plans to consolidate its Sacramento and Vernon, California and Gainesville, Virginia sites while centralizing and expanding its existing presence in Huntsville, Alabama with a new state-of-the-art manufacturing facility for AR1 engine production, Additive Manufacturing, Composites production and Research & Development, expected to be ready for production in mid-2019. “This expanded CIP effort is expected to result in $230 million in annual savings once complete, inclusive of the $145 million from the first phase of CIP,” said Drake. “Given the dynamic nature of this industry, strategic business decisions such as these, while difficult, are critical to establishing a solid course for our future.” At the company’s Sacramento site, defense-related program management, engineering and related support positions will be moved to the company’s Huntsville, Alabama facilities, home of Aerojet Rocketdyne’s Defense headquarters and Rocket Shop℠ Defense Advanced Programs, by the end of 2018. The majority of the remaining programs and support positions will be relocated to the company’s Space headquarters at its Los Angeles, California, site. Between now and the end of 2019, the company will complete its manufacturing commitments in Sacramento, and the site will become the Shared Services Center of Excellence. In total, approximately 1,100 of the existing 1,400 positions in Sacramento are expected to be relocated or eliminated. The company plans to close its Gainesville, Virginia facility in the third quarter of 2018. Approximately 170 positions there will be relocated or eliminated with relocations planned to Huntsville and the company’s facility in Orange County, Virginia. To accommodate the company’s consolidations, overall growth plans for Huntsville include the addition of approximately 800 jobs to support America’s space and defense needs for the next quarter century and beyond. “We believe these actions are essential for the performance of our business and the growth of the company. The results from this initiative will benefit our valued employees, customers and shareholders alike,” said Drake. When fully implemented, the company anticipates that the CIP will result in annual cost savings as follows (in millions): The company expects total costs associated with the CIP, before any anticipated Phase II incentives to be finalized with state and local authorities, and recoveries through the pricing of the company’s US government contracts, as follows (in millions): Aerojet Rocketdyne is an innovative company delivering solutions that create value for its customers in the aerospace and defense markets. The company is a world-recognized aerospace and defense leader that provides propulsion and energetics to the space, missile defense and strategic systems, tactical systems and armaments areas, in support of domestic and international markets. Additional information about Aerojet Rocketdyne can be obtained by visiting our websites at www.Rocket.com and www.AerojetRocketdyne.com. Cautionary Note Regarding Forward-Looking Statements This press release contains “forward-looking statements” as that term is defined in the U.S. Private Securities Litigation Reform Act of 1995. No forward-looking statement can be guaranteed, and actual results may differ materially from those projected depending on a number of risks, uncertainties and other factors, including, among other things: economic and financial conditions; the ability to build, renovate and occupy new facilities by specified dates; the amount and timing of any expected reduction in operating expenses; the amount and timing of any costs associated with relocation of employees; and the ability to implement the anticipated business plans. Forward-looking statements in this press release should be evaluated together with the many factors that affect Aerojet Rocketdyne Holdings, Inc.’s business as described in more detail in its annual reports on Form 10-K, quarterly reports on Form 10-Q and current reports on Form 8-K filed with the U.S. Securities and Exchange Commission. Any forward-looking statement made by us in this press release is based only on information currently available to us and speaks only as of the date on which it is made. We undertake no obligation to publicly update any forward-looking statement, whether as a result of new information, future developments or otherwise.


NEW YORK and MELBOURNE, Australia, April 06, 2017 (GLOBE NEWSWIRE) -- Mesoblast Limited (Nasdaq:MESO) (ASX:MSB) today announced that it has received A$3.7 million from the Australian Government for Research & Development (R&D) activities conducted during the 2016 financial year. The funds were provided to Mesoblast under the Government's R&D Tax Incentive Program, which is designed to support industry innovation. About Mesoblast Mesoblast Limited (Nasdaq:MESO) (ASX:MSB) is a global leader in developing innovative cell-based medicines. The Company has leveraged its proprietary technology platform, which is based on specialized cells known as mesenchymal lineage adult stem cells, to establish a broad portfolio of late-stage product candidates. Mesoblast’s allogeneic, ‘off-the-shelf’ cell product candidates target advanced stages of diseases with high, unmet medical needs including cardiovascular conditions, orthopedic disorders, immunologic and inflammatory disorders and oncologic/hematologic conditions. Forward-Looking Statements This press release includes forward-looking statements that relate to future events or our future financial performance and involve known and unknown risks, uncertainties and other factors that may cause our actual results, levels of activity, performance or achievements to differ materially from any future results, levels of activity, performance or achievements expressed or implied by these forward-looking statements. We make such forward-looking statements pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995 and other federal securities laws. Forward-looking statements should not be read as a guarantee of future performance or results, and actual results may differ from the results anticipated in these forward-looking statements, and the differences may be material and adverse. You should read this press release together with our risk factors, in our most recently filed reports with the SEC or on our website. Uncertainties   and risks that may cause Mesoblast's actual results, performance or achievements to be materially different from those which may be expressed or implied by such statements, and accordingly, you should not place undue reliance on these forward-looking statements. We do not undertake any obligations to publicly update or revise any forward-looking statements, whether as a result of new information, future developments or otherwise.

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