Todays News

Noridian latest MAC to make Elucid PlaqueIQ™ image analysis software available for eligible patients BOSTON--(BUSINESS WIRE)--#AI--Elucid has announced that Noridian will extend coverage for AI-enabled quantitative coronary plaque analysis, including its FDA-cleared PlaqueIQ™ image analysis software, beginning December 8, 2024. With this decision, five of the seven Medicare Administrative Contractors (MACs) will soon provide coverage for AI-enabled quantitative coronary plaque analysis, expanding accessibility to over 70 percent of eligible Medicare patients across the United States. The updated policy will allow for Medicare patients whose claims are administered within the five MACs who present with acute or stable chest pain and no known history of cardiovascular disease to be assessed with AI-enabled plaque imaging software. Elucid’s PlaqueIQ was designed to help physicians accurately diagnose and potentially personalize treatment for cardiovascular disease. “AI-enabled plaque software allows, for the first time, accurate quantitation of atherosclerosis, allowing clinicians to scale their treatments based upon plaque burden and types of plaque, moving firmly into the realm of personalized medicine,” said Matthew Jay Budoff, MD, FACC, FAHA, professor of medicine at UCLA’s David Geffen School of Medicine, and the Endowed Chair of Preventive Cardiology at Harbor-UCLA Medical Center. “This has great implications for patient care and improved outcomes, being able to match intensity of treatment with level of risk.” Cardiovascular disease (CVD) is the most common cause of death and disability globally, largely driven by myocardial infarction (MI) and ischemic stroke caused by atherosclerosis (plaque build-up and rupture in the arteries).1 The cost of CVD in the U.S. alone is approximately $219 billion per year, which includes the cost of healthcare services, medications and premature death.2 Moreover, the total cost of CVD is estimated to more than triple for people over 80 and more than double for people ages 65 to 79 by 2035.3 Elucid’s PlaqueIQ is the first FDA-cleared non-invasive software that can objectively quantify and classify plaque morphology based on ground-truth histology, the gold standard for characterization of plaques. PlaqueIQ is designed to give physicians new, clinically validated information to help stratify patients and inform patient-specific treatment pathways. “This latest expansion of coverage by Noridian means that even more patients could be positively impacted by PlaqueIQ, which offers the only non-invasive measurement of lipid-rich necrotic core, a vulnerable, high-risk component of plaque that can lead to heart attack and stroke,”4 said Kelly Huang, CEO of Elucid. “These recent decisions from five of the seven MACs recognize the importance of new technologies like ours that can help quantify and classify coronary artery plaque to help physicians reduce the clinical and economic burden of cardiovascular disease.” PlaqueIQ utilizes first-line diagnostic CCTA and develops comprehensive, interactive reports to help physicians virtually “see” and quantify plaque. With its basis in histology, the software is uniquely able to non-invasively quantify and characterize plaque and its components such as lipid-rich necrotic core (LRNC), giving potential insights into high-risk plaques that are key drivers of risk of heart attack and stroke. In addition, use of the software has the potential to enable earlier identification of higher-risk plaque before presence of symptoms or major adverse events. About Elucid Elucid is a Boston-based AI medical technology company dedicated to developing technology designed to provide physicians with a more precise view of atherosclerosis (coronary plaque buildup), the root cause of cardiovascular disease. The company’s PlaqueIQ™ product is designed to help physicians prioritize and personalize treatment based on actual disease, rather than population-based risk of disease. PlaqueIQ is the only FDA-cleared computed tomography angiography (CTA) algorithm that objectively quantifies plaque morphology validated against ground truth histology, the gold standard for characterization of plaque, as indicated by renowned pathologists. PlaqueIQ equips physicians with critical information regarding the type and amount of plaque in arteries that can lead to heart attack and stroke. Elucid is also pursuing an indication for FFRCT, derived from its plaque algorithm, to help identify coronary blockages and the extent of ischemia non-invasively. For more information, visit elucid.com. References: 1 World Health Organization (WHO), Cardiovascular diseases (CVDs). 2017 23, April 2020. Available from: https://www.who.int/en/news-room/fact-sheets/detail/cardiovascular-diseases-(cvds). 2 Centers for Disease Control and Prevention, Office of Policy, Performance, and Evaluation, Health Topics - Heart Disease and Heart Attacks. August 17, 2021. Available from: https://www.cdc.gov/policy/polaris/healthtopics/heartdisease/index.html. 3 American Heart Association. Cardiovascular Disease: A Costly Burden for America - Projections Through 2035. 2017. Available from: https://www.heart.org/-/media/Files/About-Us/Policy-Research/Fact-Sheets/Public-Health-Advocacy-and-Research/CVD-A-Costly-Burden-for-America-Projections-Through-2035.pdf. 4 Martinet, W., Coornaert, I., et. al. Regulated Necrosis in Atherosclerosis. Arteriosclerosis, Thrombosis, and Vascular Biology. 2022;42(10):1283-1306. Contacts Media Contact:Sam Choinski Pazanga Health Communications (860) 301-5058 schoinski@pazangahealth.com

MCLEAN, Va.--(BUSINESS WIRE)--$BAH--Booz Allen Hamilton Holding Corporation (NYSE: BAH), the parent company of management and technology consulting and engineering services firm Booz Allen Hamilton Inc., today announced preliminary results for the second quarter fiscal year 2025. Booz Allen’s press release is available at: www.boozallen.com/mediainvestors.boozallen.com Booz Allen’s earnings presentation is available at https://investors.boozallen.com. Booz Allen will host a conference call at 8 a.m. EDT on Friday, October 25, 2024, to discuss the financial results for its second quarter fiscal year 2025. Analysts and institutional investors may participate by registering online at investors.boozallen.com. Participants are requested to register a minimum 15 minutes before the start of the call. The conference call will be webcast simultaneously to the public through a link at investors.boozallen.com. A replay of the conference call will also be available on the site beginning at 11 a.m. EDT on Friday, October 25, 2024, and continuing for 12 months. About Booz Allen Hamilton Trusted to transform missions with the power of tomorrow’s technologies, Booz Allen Hamilton advances the nation’s most critical civil, defense, and national security priorities. We lead, invest, and invent where it’s needed most—at the forefront of complex missions, using innovation to define the future. We combine our in-depth expertise in AI and cybersecurity with leading-edge technology and engineering practices to deliver impactful solutions. Combining 110 years of strategic consulting expertise with the perspectives of diverse talent, we ensure results by integrating technology with an enduring focus on our clients. We’re first to the future—moving missions forward to realize our purpose: Empower People to Change the World®. With global headquarters in McLean, Virginia, our firm employs approximately 35,800 people globally as of September 30, 2024, and had revenue of $10.7 billion for the 12 months ended March 31, 2024. To learn more, visit www.boozallen.com. (NYSE: BAH) BAHPR-FI Contacts Media Relations: Jessica Klenk, Klenk_Jessica@bah.comInvestor Relations: Investor_Relations@bah.com

MENTOR, Ohio--(BUSINESS WIRE)--#AVY--The Board of Directors of Avery Dennison Corporation (NYSE:AVY) has declared a quarterly cash dividend of $0.88 per share. The dividend is payable on December 18, 2024 to shareholders of record on December 4, 2024. About Avery Dennison Avery Dennison Corporation (NYSE: AVY) is a global materials science and digital identification solutions company that provides a wide range of branding and information solutions that optimize labor and supply chain efficiency, reduce waste, advance sustainability, circularity and transparency, and better connect brands and consumers. Our products and solutions include labeling and functional materials, radio frequency identification (RFID) inlays and tags, software applications that connect the physical and digital, and a variety of products and solutions that enhance branded packaging and carry or display information that improves the customer experience. Serving an array of industries worldwide — including home and personal care, apparel, general retail, e-commerce, logistics, food and grocery, pharmaceuticals and automotive — we employ approximately 35,000 employees in more than 50 countries. Our reported sales in 2023 were $8.4 billion. Learn more at www.averydennison.com. Contacts John Eble Vice President, Finance and Investor Relations investorcom@averydennison.com Kristin Robinson Vice President, Global Communications kristin.robinson@averydennison.com

ESPOO, Finland--(BUSINESS WIRE)--Tecnotree, a global digital platform and services leader for AI, 5G, and cloud-native technologies, announced today its financial results for the quarter ended September 30, 2024. Key highlights of the third quarter financial results: Positive free cash flow EUR 1.7 (-7.9) million, second quarter of positive free cashflow Foreign exchange gains EUR 0.3 (-1.9) million. Net income for the period EUR 4.1 (3.2) million. Gross cash inflow from operating activities EUR 5.5 (1.2) million, an increase of +358% year on year Earnings per share EUR 0.24 (0.01*). Order book at the end of the period EUR 75.1 (78.0) million. * On 19 April 2024, Tecnotree executed a reverse split, i.e. the reduction of the number of shares where every 20 old shares in the company corresponds to one new share. Commenting on the results for the third quarter of 2024, Padma Ravichander, Tecnotree CEO, stated, “Tecnotree’s Q3 2024 results reflect our strategic focus on shifting our revenue mix towards more profitable and cash-generating business. While revenue was EUR 19.0 million (constant currency EUR 20.2 million), we are seeing strong growth in key markets like North America and Europe, with their share of our revenue rising to 22%, up from 17% last year. We have also achieved a 7% growth in ARR revenue in Q3 2024, demonstrating the strength of our product stack and partnerships in developed markets. Our focus on operational efficiency is paying off with a 10% reduction in OpEx and positive free cash flow generation for the second consecutive quarter. As we continue to optimize working capital and drive efficiencies, we remain committed to long-term profitability and cashflow growth." In addition, Tecnotree has achieved recognition by Gartner and IDC, leading technology business analyst firms, for CPQ, marketplaces, partner ecosystem monetisation and enterprise monetization. Further in Q3, Precision Reports recognised Tecnotree as one of the largest billing and revenue monetization vendors consecutively for the years 2023 and 2024. Tecnotree Moments launched a GenAI social commerce agent with a Tier one telco in the MEA region and has been nominated for a “Vendor of the Year” award along with a Tier 1 CSP group in LATAM. Continued demand for our digital platforms further validates our strategy. The company focus for Q4 and beyond is a continuation of the same – building our order book in North America and Europe optimizing the cost, improved working capital, continuing the recent trend in positive free cashflow in 2024 and beyond as per the guidance provided. ABOUT TECNOTREE Tecnotree is a 5G-ready digital Business Support System (BSS) player, with AI/ML capabilities and multi-cloud extensibility. Tecnotree leads the way on the TM Forum Open API Conformance with 59 certified Open APIs including 9 real-world open APIs, a testament to the company's commitment to excellence, and continuously striving to deliver differentiated experiences and services to both CSPs and DSPs. Our agile and open-source digital BSS Stack comprises the full range (order-to-cash) of business processes and subscription management for telecom and other digital services industries creating opportunities beyond connectivity. Tecnotree also provides Fintech and B2B2X multi-experience digital marketplace to its subscriber base through the Tecnotree Moments platform to empower digitally connected communities across gaming, health, education, OTT, and other vertical ecosystems. Tecnotree is listed on the Helsinki Nasdaq (TEM1V). For more information, please visit our website www.tecnotree.com or social media channels – Linkedin I Facebook I Twitter Contacts Prianca Ravichander, Tecnotree CMO Email: marketing@tecnotree.com

Enterprises increasingly seeking customized platforms and solutions to meet requirements of local markets, ISG Provider Lens™ report says FRANKFURT, Germany--(BUSINESS WIRE)--$III #ADMServices--Germany’s growing reliance on cloud computing and mobile applications is driving increased demand for application development and maintenance services, according to a new research report published today by Information Services Group (ISG) (Nasdaq: III), a leading global technology research and advisory firm. The 2024 ISG Provider Lens™ Next-Gen ADM Services report for Germany finds the growing demand for software services is being fueled by digital transformation initiatives, industry 4.0 adoption and increasing need for mobile applications in such areas as e-commerce, finance, healthcare and entertainment. The market for mobile apps in Germany is booming, surging 78 percent over a four-year period, the report notes. Amid this expansion, enterprises are seeking more localized expertise from ADM partners, to ensure high security standards, compliance with regional regulations, and the ability to adapt software to the cultural nuances of end users. “Our German clients are increasingly demanding customized platforms and solutions that address the specific market requirements of the regions and localities where they do business,” said Matthias Paletta, director, technology modernization, for ISG in Germany. “These enterprises are seeking partners with localized expertise, who can tailor their services to meet these demands.” Germany has emerged as Europe’s largest cloud computing market, growing at a 25 percent annual rate. This rapid growth is reshaping the application development landscape, with developers increasingly focused on cloud-native applications, microservices-based architectures, and serverless computing. The need for scalability, flexibility and cost-effectiveness is paramount. Security is also a top concern. Germany is Europe’s second-largest market for security technology and places a strong emphasis on cybersecurity in applications development. The government’s High-Tech Strategy actively supports security-oriented research projects, influencing development practices toward secure coding, robust authentication mechanisms and enhanced data protection. With the second-largest number of startup firms in all of Europe, Germany is among the world’s principal centers of innovation in fields such as generative AI (GenAI). However, the country needs more skilled practitioners capable of training large language models (LLM) to adapt to the often unique, detailed and distinctive requirements of the German language. Germany faces a significant shortage of skilled software developers, particularly in data engineering, software engineering and DevOps, the report says. Companies are addressing this issue by investing in training programs, partnering with educational institutions and exploring remote work options to access a wider talent pool. “What is required of German enterprises today is to make their innovations teachable to a new generation of developers,” said Jan Erik Aase, partner and global leader, ISG Provider Lens Research. “There is enormous potential value in the human capital they could be cultivating. Modern application development platforms can help them achieve this.” The report notes that the German federal government is actively promoting digital transformation in schools and public administration. This initiative is creating new opportunities for application developers in the public sector, focusing on e-government solutions, digital education platforms and smart city applications. For more insights into how the evolution of Germany’s business and regulatory environment is placing stress on its developer workforce, and ISG’s advice for addressing these challenges, see the ISG Provider Lens™ Focal Points briefing, available on this webpage. The 2024 ISG Provider Lens™ Next-gen ADM Services report for Germany evaluates the capabilities of 24 providers in a single quadrant, Agile Application Development Projects. The report names Allgeier, Computacenter, DATAGROUP, Materna, msg systems, and Zeiss Digital Innovation as leaders in this quadrant. In addition, Coforge and PCG are named as Rising Stars — companies with a “promising portfolio” and “high future potential” by ISG’s definition — in this Agile Projects quadrant. In the area of customer experience, Persistent Systems is named the global ISG CX Star Performer for 2024 among ADM Services providers. Persistent Systems earned the highest customer satisfaction scores in ISG's Voice of the Customer survey, part of the ISG Star of Excellence™ program, the premier quality recognition for the technology and business services industry. A customized version of the report is available from Materna. The 2024 ISG Provider Lens™ Next-Gen ADM Services report for Germany is available to subscribers or for one-time purchase on this webpage. About ISG Provider Lens™ Research The ISG Provider Lens™ Quadrant research series is the only service provider evaluation of its kind to combine empirical, data-driven research and market analysis with the real-world experience and observations of ISG's global advisory team. Enterprises will find a wealth of detailed data and market analysis to help guide their selection of appropriate sourcing partners, while ISG advisors use the reports to validate their own market knowledge and make recommendations to ISG's enterprise clients. The research currently covers providers offering their services globally, across Europe, as well as in the U.S., Canada, Mexico, Brazil, the U.K., France, Benelux, Germany, Switzerland, the Nordics, Australia and Singapore/Malaysia, with additional markets to be added in the future. For more information about ISG Provider Lens research, please visit this webpage. About ISG ISG (Information Services Group) (Nasdaq: III) is a leading global technology research and advisory firm. A trusted business partner to more than 900 clients, including more than 75 of the world’s top 100 enterprises, ISG is committed to helping corporations, public sector organizations, and service and technology providers achieve operational excellence and faster growth. The firm specializes in digital transformation services, including AI, cloud and data analytics; sourcing advisory; managed governance and risk services; network carrier services; strategy and operations design; change management; market intelligence and technology research and analysis. Founded in 2006, and based in Stamford, Conn., ISG employs more than 1,600 digital-ready professionals operating in more than 20 countries—a global team known for its innovative thinking, market influence, deep industry and technology expertise, and world-class research and analytical capabilities based on the industry’s most comprehensive marketplace data. For more information, visit www.isg-one.com. Contacts Press: Philipp Jaensch, ISG +49 151 730 365 76 philipp.jaensch@isg-one.com Matthias Longo, for ISG +49 152 341 464 63 matthias@longo-pr.de