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Expanding Nexscient’s Global Portfolio of AI-Powered Platforms and Services

LOS ANGELES, CA / ACCESS Newswire / August 6, 2025 / Nexscient, Inc. (OTCQB:NXNT), a leading innovator in artificial intelligence (“AI”) applications and intelligent enterprise solutions, announced today that it has executed a non-binding Letter of Intent (LOI) to acquire substantially all of the assets of Flipside Digital Content Company, Inc., a Philippines-based provider of high-quality data labeling, annotation, and digital transformation services (“Flipside AI”). This acquisition marks a significant step in Nexscient’s strategy to build a global portfolio of AI-powered platforms and services.

Under the terms of the LOI, Nexscient will acquire substantially all of Flipside AI’s operating assets for a total consideration of approximately $5.94 million, consisting of a combination of cash, a convertible debenture, and Nexscient restricted common stock. In addition to assuming key operating liabilities, Nexscient will also make a capital investment over subsequent years to support Flipside AI’s continued growth and expansion. As part of the transaction, Flipside President and CEO Anthony De Luna will enter into a five-year executive employment agreement and continue leading the newly formed subsidiary. He will also be appointed to the Board of Directors of Nexscient, Inc.

“We are thrilled to welcome Flipside AI into the Nexscient family,” said Fred E. Tannous, President and CEO of Nexscient, Inc. “This acquisition enhances our capabilities in data labeling and annotation – key components of the AI data training pipeline. Generating over $9.2 million in revenues over the last four years from clients all around the world, Flipside AI’s proven expertise and scalable operations in Southeast Asia will accelerate our global expansion while deepening our commitment to supporting enterprise AI across industries including healthcare, agriculture, automotive, and robotics.”

“Joining Nexscient represents an exciting new chapter for Flipside,” added Anthony De Luna, President and CEO of Flipside AI. “This partnership provides the strategic capital, international platform, and executive leadership to take our AI data services business to new heights. Together, we aim to become a global force in providing transformative data solutions.”

The global AI data training market is projected to grow substantially, rising from an estimated $12.7 billion in 2024 to $92.4 billion by 2034, reflecting a compound annual growth rate (CAGR) of 22%¹. This surge closely mirrors the anticipated increase in AI system spending worldwide, which is expected to reach $632 billion by 2028, representing a 29% CAGR over the 2024-2028 forecast period². In parallel, the global data annotation tools market, valued at $2.02 billion in 2023, is forecasted to expand at a CAGR of 31.1%, reaching $23.11 billion by 2032³. These trends underscore the critical role of high-quality data in scaling AI capabilities across industries.

¹ Data Labeling Solution and Services Market, FactMR (Apr. 2024)

² Worldwide Artificial Intelligence Systems Spending Guide, IDC (Aug. 2024)

³ Data Annotation Tools Market, Astute Analytica, (Nov. 2024)

About Nexscient, Inc.

Nexscient [OTCQB: NXNT] is an emerging-growth company that’s building a global collaborative network of intelligent enterprise applications and technologies through internal development, synergistic acquisitions, and capital investments in companies involved in machine learning, artificial intelligence, and the Industrial Internet of Things technologies. As part of our growth strategy, we also seek to acquire and integrate synergistic AI and machine learning companies and technologies into our collaborative network, further expanding our service offerings while enhancing shareholder value. For more information, please visit https://nexscient.ai.

About Flipside Digital Content Company, Inc.

Flipside AI is a premier data engineering company that blends top-tier human expertise with advanced technologies to deliver high-quality data annotation and transformation services. We empower global enterprises across diverse industries to unlock the full potential of their data, enabling them to develop fast, accurate, and scalable AI applications. For more information, please contact us at flipside@nexscient.com

Forward-Looking Statements

This release contains statements that constitute forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995 and Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. These statements appear in a number of places in this release and include all statements that are not statements of historical fact regarding the intent, belief or current expectations of Nexscient, Inc., its directors or its officers with respect to, among other things: (i) financing plans; (ii) trends affecting its financial condition or results of operations; (iii) growth strategy and operating strategy; and (iv) performance of our products and services. You can identify these statements by the use of the words “may,” “will,” “could,” “should,” “would,” “plans,” “expects,” “anticipates,” “continue,” “estimate,” “project,” “intend,” “likely,” “forecast,” “probable,” “potential,” and similar expressions and variations thereof are intended to identify forward-looking statements. Investors are cautioned that any such forward-looking statements are not guarantees of future performance and involve risks and uncertainties, many of which are beyond Nexscient’s ability to control, and actual results may differ materially from those projected in the forward-looking statements as a result of various factors. These risks and uncertainties also include such additional risk factors as are discussed in the Company’s filings with the U.S. Securities and Exchange Commission, including its Annual Report on Form 10-K for the fiscal year ended June 30, 2024, Forms 10-Q and 8-K, and in other filings we make with the Securities and Exchange Commission from time to time. These documents are available on the SEC Filings section of the Investor Relations section of our website at https://nexscient.ai. The Company cautions readers not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. The Company undertakes no obligation to update any forward-looking statement to reflect events or circumstances after the date on which such statement is made.

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COMPANY CONTACT:

Nexscient, Inc.
Fred E. Tannous, President & CEO
Email: press@nexscient.com
Phone: +1 (310) 494-6620
Web: www.nexscient.com

SOURCE: Nexscient, Inc.

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New Jersey commercial solar provider recognized by Solar Power World for seventh consecutive year

MAHWAH, NJ / ACCESS Newswire / August 6, 2025 / Core Development Group, a nationally ranked, independent, trusted clean energy provider, has ranked number 16 as the commercial contractor in the nation on Solar Power World‘s prestigious 2025 Top Solar Contractors List. Based on 2024 installed capacity (in kWDC), Core Development Group was at the top of the lists in 6 states, including ranked 16^th overall in New Jersey, 44^th in New York, and 7^th in Connecticut. This marks the seventh consecutive year that Core Development Group has made the rankings.

Solar Power World chooses its annual list of Top Solar Contractors based on the total number of solar kilowatts installed, geographic reach, and market influence. Receiving this prestigious accolade for the seventh consecutive year underscores Core Development Group’s dedication to excellence, innovation, and sustainability in the clean energy sector. The Top Solar Contractors List is the most recognized annual listing of solar firms in the utility, commercial, community, and residential markets.

“Since our inception, we’ve been committed to helping businesses and organizations adopt cleaner and more affordable solar power solutions,” said Henry Cortes, founder and CEO of Core Development Group. “Solar Power World’s ranking of Core Development Group as a top commercial solar contractor reinforces our strong position in the solar industry and reflects our relentless drive to put our customers first and deliver operational excellence. As we continue to grow, we remain committed to our customers and stabilizing their energy budgets, reducing long-term energy costs and lowering their carbon footprint at the same time.”

Core Development Group has multiple commercial solar and battery energy storage system (BESS) projects in the pipeline. Solar power generation and battery storage add flexibility to any sustainable energy solution and are key to clean energy deployment across the USA.

“From the smallest residential projects to the largest utility-scale solar farms, these installations are keeping the lights on and keeping power affordable. We’re thrilled to recognize another outstanding class of Top Solar Contractors,” said Kelsey Misbrener, managing editor of Solar Power World.

As a full-service commercial solar company, Core Development Group manages the entire solar energy process. The past year was a banner year for the company, marked by a comprehensive portfolio of successful solar and battery projects. These installations not only enhance energy efficiency and lower carbon emissions but also deliver budget stability or cost savings to clients.

About Core Development Group
Core Development Group is a trusted and agile independent U.S. renewable energy developer, contractor, and consultant. The company helps organizations transition to clean, renewable energy and provides solar energy systems, battery storage, microgrids, and EV charging infrastructure to companies in the U.S. and abroad. Core Development Group also provides world-class engineering, design, construction, quality assurance, and construction management consulting services for renewable energy projects. Founded in 2012, Core Development Group is headquartered in Mahwah, New Jersey. Learn more at coredevusa.com.

About Solar Power World
Solar Power World is the leading online and print resource for news and information regarding solar installation, development and technology. Since 2011, SPW has helped U.S. solar contractors – including installers, developers, and EPCs in all markets – grow their businesses and do their jobs better.

About the Top Solar Contractors List
The Top Solar Contractors List is the most recognized annual listing of solar contractors in the United States. It is compiled annually by industry magazine Solar Power World to recognize the work of solar installers to decarbonize the grid and support home-grown, local energy. Companies on the Top Solar Contractors List are grouped and listed by specific service, market (commercial, community solar, residential, utility), and state by 2024 installed capacity (in kWDC). See all the 2025 winners.

Contact Information

Bill Collins
Marketing Manager Core Development Group
bcollins@coredevusa.com

Kelly Pickerel
Editor in Chief Solar Power World
kpickerel@wtwhmedia.com

SOURCE: Core Development Group LLC

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MISSISSAUGA, ONTARIO / ACCESS Newswire / August 6, 2025 / Consumer Choice Award is pleased to announce the 2025 award recipients in the Peel Region. These businesses have been meticulously selected through independent market research, reflecting their commitment to excellence and unparalleled service in their city. Consumer Choice Award celebrates those who have consistently set the benchmark for quality and customer satisfaction. Congratulations to the 2025 Peel Region Consumer Choice Award Winners.

PEEL REGION AWARD RECIPIENTS

A R Business Brokers Inc., Brokerage. Business Brokers www.aldrin.ca	Altima Kitchens and Closets Kitchen and Bathroom Renovator www.altimakitchensandclosets.com
Astra Medicare Cosmetic Procedure www.astramedicare.ca	Atlas Auto Collision Center Brampton Automobile Body Shop www.atlasautocollision.com
Bella Turf Artificial Grass www.bellaturf.ca	Blackstone Steakhouse & Grill Restaurants/ Steakhouse www.blackstonesteakhouse.ca
City Gate Suites Short Term Rentals Executive Suites www.citygatesuites.com	Epic Baskets Gift Baskets www.epicbaskets.com
Forever Green Lawn & Landscape Landscape Contractor www.forevergreeninc.ca	Gold Cherry Bakery Cake Shop www.goldcherrybakery.ca
Gord’s Basement Waterproofing Ltd Waterproofing and Foundation Repair www.gordsbasementwaterproofing.ca	Greater Toronto Accessibility Accessibility Contractors www.greatertorontoaccessibility.com
Guru Lukshmi Restaurants – Indian Cuisine www.gurulukshmi.com	Hair Transplant Medical Centre | Hair Loss Treatment Mississauga Hair Restoration www.hair-transplant.ca
Heartland International English School Schools – Languages www.heartlandenglish.com	iTechSkills Academy Computer Training www.itechskills.ca
John The Plumber Plumbing Contractor www.johntheplumber.ca	JSN Appliances Repair Inc Home Appliance Service www.jsnappliances.ca
Little Galaxy Childcare & Montessori Daycare www.littlegalaxycc.com	MNP Ltd. Licensed Insolvency Trustee www.mnpdebt.ca/en/offices/brampton-mount-pleasant
Mobile Pet S’Paw Pet Grooming www.mobilepetspaw.ca	MPR Landscapes Landscape Design www.mprlandscapes.com
MyFire Protection Inc. Fire & Sprinkler Safety Systems www.myfireprotection.ca	Nails R Us Supply Cosmetology Nails & Beauty Supplies www.nailsrus.ca
Perera Law – Real Estate Lawyer Real Estate Law www.pereralaw.ca	Powerflow Chiropractic Chiropractors www.drbhasin.com
Puppy Academy Pet Training www.puppyacademy.ca	Real Blue Roofing Services Inc. Brampton Roofing Repair www.realblueroofing.ca
Rejuva Medi Spa Medical Spa www.rejuvamedispa.com	Resolution Fitness Fitness Equipment Sales and Service www.resolutionfitness.ca
Richards Upholstery Upholsterers www.richardsupholstery.com	Ridgeline Services Inc. Roofing www.ridgelineservices.ca
S.A. Signs & Wraps in Mississauga Signs www.sasigns.ca	Save Tax Solutions Accountant – Small Business www.savetaxsolutions.com
The Fang and Flower Tattoo and Piercing Studio Tattoo Parlour www.thefangandflower.com	The Notary Guy Notary Services www.thenotaryguy.ca
The Place – Elmacan Wedding Venues www.elmacan.com	Tire World Automobile Tires www.tireworldbrampton.com
Tropical Orthodontics Orthodontists www.tropicalorthodontics.com	Vitalize Pilates Studio Pilates Studio www.vitalizepilatesstudio.com

Learn more about 2025 Peel Region Consumer Choice Award Winners HERE.

About Consumer Choice Award:

Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.

Contact Information:

Sumi Saleh
Communications Manager
ssaleh@ccaward.com

SOURCE: Consumer Choice Award

View the original press release on ACCESS Newswire

What’s New for 2026?

ATLANTIC CITY, NJ / ACCESS Newswire / August 6, 2025 / DealFlow Events today announced the launch of the DealFlow Discovery Conference, an expanded version of its flagship event formerly known as The Microcap Conference. Set to take place at the Borgata Hotel & Casino in Atlantic City, January 28-29, 2026, the newly branded conference reflects a broader focus on capital formation – now welcoming both public and private high-growth companies to connect with investors, strategic partners, and capital markets professionals.

While the name has changed, the mission remains the same: to connect emerging companies with institutional and retail investors in an investment-focused environment. The 2026 event will be the largest yet, offering unlimited one-on-one meetings, expert-led discussions, and unmatched networking.

“The DealFlow Discovery Conference is where high-growth companies come to be discovered,” said Steven Dresner, Founder of DealFlow Events. “This evolution of the Microcap Conference was driven by what investors want – more access to pre-IPO and late-stage private companies.”

What’s New for 2026

This conference opens the door to a wider range of investment opportunities, expanding beyond public microcap companies to feature:

• Venture-Backed Companies – early-stage innovators raising capital and seeking strategic relationships

• Private Equity-Backed (Pre-IPO) Companies – growth-stage businesses preparing for the public markets

• Public Companies – U.S.-listed issuers focused on investor engagement and capital raising

• Foreign Companies – international firms seeking U.S.-based capital and exposure

This expansion responds to a growing trend: institutional interest in private market opportunities. By including private and pre-IPO companies, the DealFlow Discovery Conference is now even more valuable for investors – and for companies looking to raise capital.

Attendees can still expect the high standards, streamlined format, and energy that have defined the event since its inception. For those who’ve attended in the past, it’s a bigger, broader version of the conference they already trust. For new participants – especially private companies – it’s a chance to connect directly with serious investors in a format built for fundraising.

For more information and to apply to attend or present, visit www.DealFlowDiscoveryConference.com.

Media Contact:

Phillip LoFaso
phillip@dealflowevents.com
(516) 876-8006

SOURCE: DealFlow Events

View the original press release on ACCESS Newswire

Expands AI-ready Atlas Data Vault to >20B Global Electricity, Transport and Weather Records

OTTAWA, ON / ACCESS Newswire / August 6, 2025 / BluWave-ai announced significant milestones in the company’s intellectual property and data capabilities. The Ottawa-based company is a leading provider of artificial intelligence (AI) software for renewable energy and transport electrification at the forefront of the global energy transition. BluWave-ai has expanded its patent portfolio to 11 patents granted and 43 patent applications filed in various countries, alongside growing the proprietary BluWave-ai Atlas data platform to over 20 billion AI pre-processed records.

These achievements underscore the company’s innovation in developing the software systems critical for the future of renewable energy and electric transport. The expanded patent portfolio protects the company’s cutting-edge technologies using AI to optimize energy grids, manage electric vehicle (EV) charging, and enhance energy storage. This patent portfolio serves as a foundational strategy to manage the fluctuating grid-level electricity load and renewable generation with batteries and EVs, a capability that will be increasingly required by system operators globally as EV and renewable deployment continues around the world.

As of the end of 2024, the global EV fleet had reached almost 58 million vehicles, a number projected to surpass 250 million vehicles by 2030 (Source: Neklar, July 2025). This growth will be complemented by significant expansion in renewable energy infrastructure, with global wind power capacity projected to reach around 2,100 GW by 2030 (Source: Ember, August 2024, citing IEA, BNEF, and GWEC forecasts) and solar power capacity expected to exceed 7,000 GW by 2030 (Source: SolarPower Europe, May 2025).

The massive scale of the BluWave-ai Atlas data platform complements the company’s innovative technologies by providing an unparalleled foundation for training and deploying highly accurate AI models. This powerful combination of cutting-edge AI and a robust data infrastructure ensures the solutions from BluWave-ai are not only groundbreaking, but also highly effective and scalable, enabling superior performance and faster deployment, delivering significant value to clients from day one worldwide.

“Our continued growth in both patent protection and data scale reflects our unwavering commitment to empowering the global energy transition,” said Devashish Paul, CEO of BluWave-ai. “By securing our innovations and building an immense, AI-ready data foundation, we are accelerating the development and deployment of solutions that make renewable energy more reliable and electric transportation more efficient. This positions us as the foundational tech provider to the electricity and electrified transport industry for managing energy in real time.”

“BluWave-ai’s innovative technologies are empowering the global evolution of traditional electrical grids toward more sustainable, efficient, and resilient software-defined smart grids in the face of growing energy demands and climate changes,” said Thomas Triplet, VP of Technology at BluWave-ai, “Our portfolio covers foundational inventions of AI driven systems management for our utility and transport customers.”

Adding to this sentiment, Mike McLean, CEO of Innovation Asset Collective, stated, “At IAC, we know that when innovators own their ideas, they unlock real growth. This equips Canadian businesses with the funding, tools, and knowledge to prioritize IP ownership, and compete on the global stage.”

“BLG is proud to work with this exciting, dynamic Canadian success story, assisting BluWave-ai to build a robust and diverse IP portfolio, to mine and protect their multiple innovations, to increase their shareholder value, and to open up new opportunities nationally and overseas,” said Jeff Coghlan, lawyer and partner at the Canadian law firm BLG, “BluWave’s strong and growing patent portfolio is a validation of its cutting-edge technology. We look forward to expanding our collaboration with BluWave-ai, as the company ushers in a new era of energy transition and transportation electrification.”

The patent portfolio is embedded in the advanced AI-powered software platform of BluWave-ai which is designed to address key real time challenges in the electricity sector, supporting its product initiatives in:

• Smart Grid Optimization: This AI platform revolutionizes energy grid management, allowing utilities, independent power producers, and system operators to optimize renewable energy assets, predict energy demand, and make data-driven decisions in real-time. This leads to reduced operational costs, lower carbon footprints, and enhanced grid stability.

• EV Everywhere: Empowers EV drivers with intelligent control over their charging, optimizing energy consumption for cost savings and reduced carbon emissions. It intelligently shifts charging to align with lower electricity rates and cleaner energy sources, while also supporting grid stability through demand response capabilities.

• EV Fleet Orchestrator: Designed for electrifying fleet operations, this product intelligently manages EV fleet charging and dispatch. By integrating factors like energy price, peak demand constraints, and local generation from solar and battery energy storage and vehicle schedules, it optimizes energy use across mixed fleets, significantly reducing operating costs and emissions.

• Energy Storage Autopilot: This AI-driven platform provides automated, real-time optimization for battery energy storage systems (BESS). It is grid-aware, enabling BESS to participate effectively in energy markets, manage peak demands, and seamlessly integrate fluctuating renewable energy sources, maximizing the value and lifespan of energy storage assets.

With a growing global footprint globally deployed in Japan, the Middle East, India, Europe, and throughout North America, BluWave-ai is poised to continue its leadership in building the intelligent software foundation essential for a sustainable, electrified future.

Customers can access the company’s extensive patent portfolio and the BluWave-ai Atlas data platform through product purchases, or directly via an IP usage license for specific applications.

Additionally, customers may acquire direct licenses to use the BluWave-ai Atlas data platform via a SaaS subscription model.

Contact:

Brandon Paul
Senior Corporate Marketing Manager
Email: info@bluwave-ai.com

SOURCE: BluWave-ai

View the original press release on ACCESS Newswire

WHITBY, ON / ACCESS Newswire / August 6, 2025 / Consumer Choice Award is pleased to announce the 2025 award recipients in the Durham Region. These businesses have been meticulously selected through independent market research, reflecting their commitment to excellence and unparalleled service in their city. Consumer Choice Award celebrates those who have consistently set the benchmark for quality and customer satisfaction. Congratulations to the 2025 Durham Region Consumer Choice Award Winners.

DURHAM REGION AWARD RECIPIENTS

A R Business Brokers Inc., Brokerage. Business Brokers www.aldrin.ca	Anchor Point Fusion Bar & Grill Restaurants – Pub/Sports Bar www.anchorpointcourtice.com
AZON Bookkeeping Services Inc. Payroll Services www.azonbookkeepingservices.com	Captain Electric Electrical Contractor / Electrician www.captainelectric.ca
Colin’s Roofing & Eavestrough Eavestroughs www.colinsroofing.ca	Counter Reactions Counter Tops www.counterreactions.com
Double Diamond Air Duct Cleaning Duct and Furnace Cleaning www.doublediamondduct.ca	Durham First Aid Inc. Health & Safety Training www.durhamfirstaid.com
Durham Osteopathy Osteopathy www.durhamosteopathy.ca	Durham Travel Travel Agencies www.durhamtravel.ca
Emerald Professional Painters Painting Contractor www.emeraldpainting.ca	F45 Training Health and Fitness Centre www.f45training.com/ca/studio/ajaxcentral/
Harmony Creek Golf Centre Ltd Golf Courses – Public www.harmonycreekgolf.com	Hawley Crescent Catering & Events Caterers www.hawleycrescent.ca
JH Party & Tent Rentals Party Equipment Rental www.jhpartyrentals.com	Jubilee Pavilion Banquet & Conference Centre Wedding Venues www.jubileepavilion.ca
Michaela Mary Photography Photographer – Commercial www.michaelamary.com	Mo’s Auto Body and Restoration Automobile Body Shop www.mosautobodyandrestoration.com
Ontario Truck Training Academy Driving School Truck www.otta.ca	Oshawa Dental House Cosmetic Dentistry www.oshawadentalhouse.com
Pavestar Asphalt Solutions Paving Contractor www.pavestar.ca	Prestige Carpet Cleaning Carpet and Rug Cleaning www.prestigecarpetcleaning.ca
ProHealth Oshawa Physio & Rehab Physiotherapists www.prohealthoshawaphysio.ca	Rising Spirit Bed, Breakfast & Beyond Bed and Breakfast www.risingspirit.ca
San Jude’s Bridal Bridal Stores www.sanjudesbridal.com	Sharpe Aluminum & Siding Siding www.sharpe-aluminum-siding.ca
Skylark Tree Care Inc. Tree Services www.skylarktreecare.com	The Bollywood Tacos Restaurants – Indian Cuisine www.thebollywoodtacos.com
The Shawn Lepp Group Real Estate Real Estate Residential www.shawnlepp.com	Woitzik Polsinelli LLP Lawyer General Practice www.durhamlawyer.ca

Learn more about 2025 Durham Region Consumer Choice Award Winners HERE.

About Consumer Choice Award:
Consumer Choice Award has been recognizing and promoting business excellence in North America since 1987. Its rigorous selection process ensures that only the most outstanding service providers in each category earn this prestigious recognition. Visit www.ccaward.com to learn more.

Contact Information:
Sumi Saleh
Communications Manager
ssaleh@ccaward.com

SOURCE: Consumer Choice Award

View the original press release on ACCESS Newswire

HOUSTON, TEXAS / ACCESS Newswire / August 6, 2025 / Envirotech Vehicles, Inc. (NASDAQ:EVTV) (the “Company” or “Envirotech”), a leading provider of electric commercial vehicles, today announced that it has resolved to effect a reverse stock split of the Company’s common stock and has determined the ratio to be 1-for-10. The Company’s stockholders approved the reverse stock split and granted the Company board of directors the authority to determine the exact split ratio and when to proceed with the reverse stock split at the Company’s Special Meeting of Stockholders held on May 1, 2025.

The reverse stock split will become effective on August 6, 2025 at 5:00 p.m., Eastern Time, and the Company’s common stock is expected to begin trading on a split-adjusted basis on the Nasdaq Capital Market (“Nasdaq”) as of the open of trading on August 8, 2025 under the existing ticker symbol “EVTV”. The new CUSIP number for the Company’s common stock will be 29414V 308.

When the reverse stock split becomes effective, every ten (10) shares of Envirotech’s issued and outstanding common stock will be automatically combined into one issued and outstanding share of common stock without any change in the par value per share or the total number of authorized shares. The reverse stock split will reduce the number of outstanding shares of Envirotech’s common stock from approximately 35.3 million shares to approximately 3.5 million shares.

No fractional shares would be issued if, as a result of the Reverse Stock Split, a registered stockholder would otherwise become entitled to a fractional share. Instead, stockholders who otherwise would be entitled to receive fractional shares because they hold a number of shares not evenly divisible by the final ratio will automatically be entitled to receive an additional share of Common Stock. In other words, any fractional share will be rounded up to the nearest whole number. Envirotech’s transfer agent, Issuer Direct Corporation, will serve as the exchange agent for the reverse stock split. Registered stockholders holding pre-split shares of the Company’s common stock electronically in book-entry form are not required to take any action to receive post-split shares. Those stockholders who hold their shares in brokerage accounts or in “street name” will have their positions automatically adjusted to reflect the reverse stock split, subject to each broker’s particular processes, and will not be required to take any action in connection with the reverse stock split.

Proportional adjustments will be made to the number of shares of common stock issuable upon exercise or vesting of Envirotech’s outstanding stock options and warrants, as well as the applicable exercise prices, and to the number of shares issuable under the Company’s equity incentive plan and other existing agreements.

Additional information about the reverse stock split can be found in Envirotech’s definitive proxy statement filed with the Securities and Exchange Commission on April 1, 2025, a copy of which is available at www.sec.gov.

About Envirotech Vehicles

Envirotech Vehicles, Inc. (NASDAQ:EVTV) is a technology company dedicated to revolutionizing the electric vehicle landscape by designing and manufacturing electric commercial vehicles that offer sustainable, efficient, and cost-effective transportation solutions. Committed to driving the future of mobility, Envirotech is pushing the boundaries of innovation and sustainability. For more information, visit www.evtvusa.com

Cautionary Statement Regarding Forward-Looking Statements

Statements made in this press release that relate to future plans, events, financial results, prospects, or performance are forward-looking statements. While they are based on the current expectations and beliefs of management, such forward-looking statements are subject to a number of risks, uncertainties, assumptions, and other factors that could cause actual results to differ materially from the expectations expressed in this press release, including statements we make regarding the effective date of the reverse stock split, the date the Company’s common stock is expected to begin trading on a split-adjusted basis on Nasdaq, and other statements that are not purely statements of historical fact. and the risks and uncertainties disclosed in reports filed by Envirotech with the Securities and Exchange Commission, all of which are available online at www.sec.gov. All statements, other than statements of historical fact, are statements that could be deemed forward-looking statements, including statements containing the words “will,” “estimated,” “planned,” “expected,” “believes,” “strategy,” “opportunity,” “anticipated,” “outlook,” “designed,” and similar words. Readers are cautioned not to place undue reliance on these forward-looking statements, which speak only as of the date hereof. Except as required by law, Envirotech undertakes no obligation to update or revise any forward-looking statements to reflect new information, changed circumstances, or unanticipated events.

CONTACT:

Envirotech Vehicles, Inc.
Merrick Alpert, Chief Communications Officer
Telephone: (870) 970-3355
Email: merrick@evtvusa.com

SOURCE: Envirotech Vehicles, Inc

View the original press release on ACCESS Newswire

Clinical data and cost-effectiveness analysis demonstrates the VenoValve would provide both better health outcomes and lower costs compared to current standard of care treatments

The VenoValve could potentially save $5.9 billion annually in healthcare costs for the approximately 2.5 million U.S. patients with severe CVI

Company to host live webcast with lead author of the cost-analysis manuscript, today, August 6^th, at 12:00 PM ET; Access the Webcast Here

IRVINE, CA / ACCESS Newswire / August 6, 2025 / enVVeno Medical Corporation (Nasdaq:NVNO) (“enVVeno” or the “Company”), a company setting new standards of care for the treatment of deep venous disease, today announcedpreliminary findings from a VenoValve health economic study, which indicate that the VenoValve would be a cost-effective treatment option for patients with severe Chronic Venous Insufficiency (CVI) caused by deep valvular incompetency. The Company announced it will host a live webcast to discuss the cost-effectiveness analysis results today, Wednesday, August 6^th at 12:00 PM ET (details below).

Key Findings from the Study Include:

• VenoValve was dominant relative to standard of care (i.e., lower costs, higher quality-adjusted life years):

  • Cost savings: $32,442 per patient over 5 years

  • Clinical benefit: 2.2 ulcers avoided per patient

  • Quality of life: 0.33 additional QALYs gained per patient

• Additional economic value associated with use of the VenoValve:

  • $14,912 saved per each venous ulcer avoided

  • $4,101 cost per each rVCSS point improvement

  • Break-even achieved between years 2-3

Results remained consistent across multiple sensitivity analyses and scenarios (different age populations, various assumptions), confirming the model’s reliability.

Mark H. Meissner M.D., surgeon at the Vascular and Endovascular Surgery Clinic at University of Washington (UW) Medical Center, a UW professor of Surgery, and the lead author of the manuscript added, “There remains a significant need for better treatment options for patients with severe, deep venous CVI, an advanced disease that affects millions of Americans annually and accounts for 1-2% of total healthcare expenditures, roughly ~$90 billion. These comprehensive economic analysis results, coupled with the robust clinical data demonstrated in the VenoValve U.S. pivotal trial, well positions the VenoValve to address the significant treatment gap while providing substantial economic value to the healthcare system.”

“There are several factors that need to align in order to promote wide adoption of a first-in-class medical device. Two of the more important factors are good clinical results, and a willingness to pay for the device and the procedure. This health economic study provides evidence that the VenoValve would be extremely cost-effective, resulting in substantial health cost savings over time. This cost-effectiveness data, together with the strong clinical evidence from the pivotal trial, make a compelling package for commercial payors such as private health insurance providers and employers, that often make coverage decisions based upon both clinical and cost-effectiveness data”, added Robert Berman, enVVeno Medical’s Chief Executive Officer.

While private payors generally make coverage decisions based upon clinical evidence and cost effectiveness, Medicare makes coverage decisions based upon clinical effectiveness to support reasonable and necessary criteria for the Medicare population.

As part of the health economic study, a de novo cost-effectiveness model was developed to simulate clinical and economic outcomes for patients with deep venous CVI caused valvular incompetence. The model structure was based on health states defined by the revised Venous Clinical Severity Score (rVCSS), which were derived from a post-hoc analysis of the one-year results from the VenoValve U.S. pivotal trial. Key input values for transition probabilities, clinical events, costs of care, and utilities were sourced from the pivotal trial and publicly available sources. Six-month cycles were assumed for the first year, to match the VenoValve pivotal trial, followed by annual cycles; outcomes were compared over a 5-year time horizon.A manuscript describing the full methodology and findings has been submitted for peer review and publication.

The VenoValve is a potential first-in-class, surgical replacement venous valve for patients with severe deep venous CVI. The Company estimates that approximately 2.5 million people in the United States could be candidates for the VenoValve, including approximately 1.5 million diagnosed with venous ulcers. The Company has submitted a pre-market authorization (PMA) application for the VenoValve to the U.S. Food and Drug Administration (FDA), with a decision anticipated in the second half of 2025.

Webcast Details

The Company will host a webcast presentation to discuss the results for investors, analysts and other interested parties today, August 6, 2025, at 12:00 PM ET. Joining enVVeno management for the event will be Dr. Meissner. The live webcast will be accessible on the Events page of the enVVeno website, envveno.com, and will be archived for 90 days.

About CVI

Severe deep venous CVI is a serious and debilitating disease that is most often caused by blood clots (deep vein thromboses or DVTs) in the deep veins of the leg. When valves inside of the veins of the leg fail, blood flows in the wrong direction and pools in the lower leg, causing pressure within the veins of the leg to increase (venous hypertension).

Symptoms of CVI include leg swelling, pain, edema, and in the most severe cases, recurrent open sores known as venous ulcers. The disease can severely impact everyday functions such as sleeping, bathing, dressing, and walking, and is known to result in high rates of depression and anxiety. There are currently no effective treatments that repair deep venous valve dysfunction, the #1 cause of severe CVI-a disease estimated to cost the U.S. healthcare system in excess of $26 billion each year.

About enVVeno Medical Corporation

enVVeno Medical (NASDAQ:NVNO) is an Irvine, California-based, late clinical-stage medical device Company focused on the advancement of innovative bioprosthetic (tissue-based) solutions to improve the standard of care for the treatment of deep venous disease. The Company’s lead product, the VenoValve®, is a first-in-class surgical replacement venous valve being developed for the treatment of deep venous CVI. The Company is also developing a non-surgical, transcatheter based replacement venous valve for the treatment of deep venous CVIcalled enVVe®. Both the VenoValve and enVVe are designed to act as one-way valves, to help assist in propelling blood up the leg, and back to the heart and lungs. The VenoValve is currently being evaluated in the VenoValve U.S. pivotal study and the Company is currently performing the final testing necessary to seek approval for the pivotal trial for enVVe.

Cautionary Note on Forward-Looking Statements

This press release and any statements of stockholders, directors, employees, representatives and partners of enVVeno Medical Corporation (the “Company”) related thereto contain, or may contain, among other things, certain “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements involve significant risks and uncertainties. Such statements may include, without limitation, statements identified by words such as “projects,” “may,” “will,” “could,” “would,” “should,” “believes,” “expects,” “anticipates,” “estimates,” “intends,” “plans,” “potential” or similar expressions. These statements are based upon the current beliefs and expectations of the Company’s management and are subject to significant risks and uncertainties, including those detailed in the Company’s filings with the Securities and Exchange Commission. Actual results and timing may differ significantly from those set forth or implied in the forward-looking statements. Forward-looking statements involve certain risks and uncertainties that are subject to change based on various factors (many of which are beyond the Company’s control). The Company undertakes no obligation to publicly update any forward-looking statements, whether as a result of new information, future presentations or otherwise, except as required by applicable law.

INVESTOR CONTACT:
Jenene Thomas, JTC Team, LLC
NVNO@jtcir.com
(908) 824-0775

MEDIA CONTACT:
Glenn Silver, FINN Partners
Glenn.Silver@finnpartners.com
(973) 818-8198

SOURCE: enVVeno Medical Corporation

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Essential Reading for HR Leaders, DEI Professionals and Executives Navigating Inclusion Efforts in a Shifting Legal and Political Climate

SAN FRANCISCO, CALIFORNIA / ACCESS Newswire / August 6, 2025 / Introducing “Reimagining Fairness: An Equity, Cultural Diversity, and Inclusion Competency Approach,” the latest release from internationally recognized cognitive cultural psychologist and organizational change strategist Dr. Billy E. Vaughn. Arriving at a critical moment amid growing legal and political pressures on equity efforts, this timely book delivers a groundbreaking, practical framework for embedding fairness into organizational culture, leadership, and talent management. Dr. Vaughn’s approach equips organizations to advance equity in ways that are not only sustainable, but also resilient to legal and regulatory challenges.

What Sets This Book Apart

While most DEI books focus on increasing representation, offering standard diversity training or holding leaders accountable, Reimagining Fairness takes a bold direction few have taken. It introduces the Equity, Cultural Diversity, and Inclusion (ECDI) Competency Framework – a practical philosophy and strategic method that goes beyond implementing legally vulnerable best practices. This framework directly connects fairness to organizational objectives, bottom line, and long-term success, making equity an integral part of how organizations achieve and sustain their goals while managing risk.

“This book is not about checking boxes. It’s about making fairness part of how organizations lead, operate, succeed.” – Dr. Billy Vaughn

Key Features

• A decisive shift from equality values to equity-driven fairness aligned with legal defensibility and cultural change

• The ECDI Framework for leaders and HR professionals

• Real-world examples from transit agencies, universities, and corporate environments

• Tools for implementation: KPI templates, assessment checklists, and more

• Endorsement by pioneers, such as Dr. Edward E. Hubbard, an expert in DEI analytics, and Dr. Judith Katz, an expert in organizational change

Who Should Read This

• C-suite executives and DEI officers

• HR leaders and change managers

• Organizational change experts and teachers

• Public agency administrators

• Nonprofit and higher education leaders

• Diversity consultants and scholars

Author Bio

Dr. Billy E. Vaughn is the visionary founder of Diversity Training University International (DTUI.com) and the Diversity Executive Leadership Academy (DELA). He also serves as publisher of Diversity Officer Magazine. With three decades of experience, Dr. Vaughn has been a trusted advisor to leading corporations, healthcare institutions, universities, and government agencies, guiding them in embedding fairness and equity throughout their organizational systems. Since launching the DELA academy in 1998, he has overseen the certification of several thousand diversity practitioners. Recognized by his peers as one of the top 100 influencers in the field, Dr. Vaughn is known for his robust social media presence and is widely regarded as a thought leader and innovator in diversity, equity, and inclusion.

Availability

Reimagining Fairness is available now on Amazon and other major bookselling platforms. Bulk orders, signed copies, and speaker requests can be arranged through DTUI.com.

Purchase Link: Follow this link

Attend a book launch webinar: Follow this link

Media Kit Assets: Author photo, book cover, Q&A, sample chapter (available on request)

SOURCE: Diversity Training University International (DTUI.com LLC)

View the original press release on ACCESS Newswire