Connect with us
Prague Gaming & TECH Summit 2025 (25-26 March)

Fintech PR

A Major Gas Find Could Upend European Energy Markets

Published

on

a-major-gas-find-could-upend-european-energy-markets

FN Media Group Presents Oilprice.com Market Commentary

LONDON, March 14, 2024 /PRNewswire/ — As Europe realizes the full risk of relying on foreign oil and gas, it could soon find relief coming from an unexpected source. That’s because, after years of leaning on cheap Russian gas, geopolitical shifts have changed the equation. Both the war in Ukraine and simple economics have forced the EU to pivot from strict green energy policies.  Companies mentioned in this release include: Chevron Corporation (NYSE: CVX), ExxonMobil Corporation (NYSE: XOM), ConocoPhillips (NYSE: COP), Talos Energy Inc. (NYSE: TALO), Cheniere Energy, Inc. (NYSE: LNG).

The Wall Street Journal reports, ‘Europe cuts addiction to Russian oil.’  And The Washington Post announced recently, ‘Amid energy crisis, EU says gas can sometimes be ‘green.”

The message is clear: Europe is scrambling to diversify its energy sources and achieve true energy independence. 

For decades, prime targets for natural gas have gone completely overlooked.

That’s why one Canadian energy company, MCF Energy (MCF.V; MCFNF.QX), is on a mission to help secure Europe’s energy independence and explore these long-ignored assets.  And with the acquisition of a proven target in Germany, the landscape could shift dramatically in the coming months.

MCF Energy Targets Overlooked Natural Gas Reserves in Germany

MCF Energy announced several major new acquisitions in Germany. The company has secured  rights to four key assets to date. 

The company is specifically targeting their concession at Lech , which spans about 10 square kilometers in Bavaria. That’s because the property holds 3 wells already drilled decades ago, with two confirming discoveries of natural gas.

In the early 1980s, Mobil Oil began drilling in search of oil at the property and discovered a primary gas reservoir. At the time, testing showed a maximum flow rate of 24 million cubic feet per day (MMCFD) of natural gas with associated condensate.

Advertisement

Now, with 3D imaging and proprietary AI and machine learning technology, MCF Energy (MCF.V; MCFNF.QX), plans to pinpoint even more promising locations at the property.

Specifically, they’ll use this data to target more high-value prospects on their Lech East site, which adds another 100 square kilometers. Based on the imaging, the team has already keyed in on multiple locations, with potentially more to come once drilling commences in Q1.

By leveraging the millions of dollars that Mobil Oil spent on this 3D seismic imaging, MCF Energy could soon play a key role in helping wean Europe off its addiction to Russian gas.

Industry Trailblazers Primed to Capitalize on Europe’s Overlooked Potential

MCF Energy is led by CEO James Hill, a seasoned geologist with over 40 years of experience exploring and developing assets across North America and Europe. Among Mr. Hill’s long list of projects is one of the largest onshore oil fields ever found in Europe, at the Patos Marinza Oil Field in Albania where production was increased over 2000%. After a successful career, Hill had retired. But because of the size of the opportunity at hand, his retirement was short-lived.

With Russia’s invasion and the EU’s pivot to classify natural gas as ‘green energy’, Hill and his team are uniquely positioned to tap into Europe’s vast, overlooked oil and gas reserves.

In 2022, they began six months of due diligence, conducted on 20 assets. Since then, MCF Energy has acquired rights to Europe’s most high-priority and high-conviction locations.

That includes the four assets in Germany through the strategic acquisition of a private German company, Genexco. The move gives MCF Energy not just the proven assets drilled by Mobil decades ago. It also provides a team of experts with inside knowledge of both the terrain and how to navigate complex zoning and licensing processes in Europe.

With drilling set to commence this quarter at their Lech concession,  pipelines are located less than 2 km away to bring energy throughout Europe. That makes transportation significantly easier and more economical for MCF (MCF.V; MCFNF.QX) if they discover the volumes of natural gas that they expect, given the past results and 3D data.

A Trillion Cubic Feet of Natural Gas in Austria?

Advertisement

MCF Energy’s leadership has been vocal about their confidence in a major discovery in Germany due to Mobil’s past work there. But the company’s most exciting prospect could come from MCF Energy’s other recent acquisition in Austria.

The company recently acquired rights to the Welchau prospect near the Austrian Alps.It covers 100 square kilometers and includes a large anticline structure, a large bump similar to what’s found in the Kurdistan Region of Iraq or the Italian Apennines.

In the 1980s, an Austrian oil and gas company, OMV, drilled the Molln #1 on the side of this structure, 5 kilometers away from MCF Energy’s well location at Welchau and discovered the presence of gas and condensate.

LIVE DRILLING UPDATE: 03/11/2024 – MCF Energy has just confirmed an active petroleum system at the Welchau-1 well site. The well successfully reached a depth of 1155 metres on March 10 and drilling to the main target is underway with completion anticipated by month end. CEO of MCF Energy, James Hill, said, “The drilling results so far are very promising, and the indications of gas and heavier hydrocarbons are particularly encouraging for us.” Read the full release here

Gaffney and Cline’s analysis suggests that the property could produce up to 584 billion cubic feet of gas on a best-case level, with 10 million barrels of oil. But Hill believes that, if the seal is as good as it appears, that number could nearly double to the reported 1 TCF of gas and 18 million barrels of oil.

If MCF Energy (MCF.V; MCFNF.QX)  discovers anywhere near that volume of gas, especially just 18 kilometers from a national pipeline, it could be transformative for Europe’s energy crisis.

Other companies to keep an eye on:

Chevron Corporation (NYSE: CVX), a titan in the global energy market, demonstrates an unwavering commitment to leading the natural gas sector through significant investments in exploration, production, and distribution. Chevron’s strategic involvement in major LNG projects across Australia and Africa is a testament to its ambition to dominate this crucial energy sector.

In parallel, Chevron’s prowess in the oil sector remains foundational to its operations. The company boasts extensive reserves and a robust downstream presence, underpinned by a commitment to efficiency and sustainability.

Exxon Mobil Corporation (NYSE: XOM)‘s influence on the global energy stage is profound, with strategic investments in the natural gas sector positioning it as a leader in this rapidly evolving market. The company’s engagement in LNG projects and shale gas exploration highlights its commitment to meeting the world’s shifting energy consumption patterns.

Advertisement

Simultaneously, Exxon Mobil’s legacy in the oil sector continues to be a significant driver of its revenue, with global operations marked by an unyielding pursuit of operational excellence.

ConocoPhillips (NYSE: COP) has adeptly balanced its energy portfolio between natural gas and oil, reflecting a nuanced understanding of the world’s changing energy consumption trends. The company’s strategic investments in natural gas, particularly in North America and Asia, highlight its commitment to securing a leadership position in this increasingly important sector.

At the same time, ConocoPhillips’ commitment to oil exploration and production remains unwavering. The company’s operations, which span multiple continents, are a testament to its industry leadership and commitment to sustainable production methods.

Talos Energy Inc. (NYSE: TALO) marks its presence in the exploration and production sector with a focused approach on the United States Gulf of Mexico and offshore Mexico, showcasing its prowess in tapping into the significant oil and natural gas resources of these regions.

Talos Energy’s commitment to sustainability and reducing its environmental impact is central to its operations. The company’s involvement in carbon capture initiatives and its continuous exploration of technological advancements to minimize its ecological footprint reflect a forward-thinking approach to energy production.

Cheniere Energy, Inc. (NYSE: LNG) is a pioneering force in the liquefied natural gas (LNG) sector in the United States, boasting one of the country’s inaugural LNG export facilities. With a business model that covers the entire LNG value chain, Cheniere is strategically positioned to leverage the increasing global demand for natural gas, recognized as a pivotal cleaner energy source.

Cheniere’s efforts to enhance the environmental performance of its operations reflect a broader commitment to facilitating the transition to a lower-carbon future, aligning with global energy trends and consumer expectations for more sustainable energy solutions.

By Charles Kennedy

**IMPORTANT! BY READING OUR CONTENT YOU EXPLICITLY AGREE TO THE FOLLOWING. PLEASE READ CAREFULLY**

Forward-Looking Statements

Advertisement

This publication contains forward-looking information which is subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ from those projected in the forward-looking statements. Forward looking statements in this publication include that large oil and gas companies will continue to focus on offshore natural gas resources; that domestic onshore natural gas assets in Europe will provide a more affordable energy source than offshore resources; that demand for natural gas will continue to increase in Europe and Germany; that Russia will not supply the majority of natural gas in Germany and Europe; that natural gas will continue to be utilized as a main energy source in Germany and other European countries and demand for natural gas, and in particular domestic natural gas, will continue and increase in the future; that MCF Energy Ltd. (the “Company”) can replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company will be successfully tested and developed; that the Company can develop and supply a safe, domestic source of energy to European countries; that natural gas will be reclassified as sustainable energy which will support the development of the Company’s assets; that imports of liquified natural gas will not be sustainable for Europe and that European countries will need to rely on domestic sources of natural gas; that the Company expects to obtain significant attention due to its upcoming drilling plans combined with Europe desperate for domestic natural gas supply; that the upcoming drilling on the Company’s projects will be successful; that the Company’s projects will contain commercial amounts of natural gas; that the Company can finance ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated. These forward-looking statements are subject to a variety of risks and uncertainties and other factors that could cause actual events or results to differ materially from those projected in the forward-looking information.  Risks that could change or prevent these statements from coming to fruition include that large oil and gas companies will start focusing on the development of domestic natural gas resources; that the natural gas resources of competitors will be more successful or obtain a greater share of market supply; that offshore liquified natural gas assets will be favored over domestic resources for various reasons; that alternative technologies will replace natural gas as a mainstream energy source in Europe and elsewhere; that demand for natural gas will not continue to increase as expected for various reasons, including climate change and emerging technologies; that political changes will result in Russia or other countries providing natural gas supplies in future; that the Company may fail to replicate the previous success of its key investors and management in developing and selling valuable energy assets; that the natural gas projects of the Company may fail to be successfully tested and developed; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to develop and supply a safe, domestic source of energy to European countries; that natural gas may not be reclassified as sustainable energy or may be replaced by other energy sources; that the upcoming drilling on the Company’s projects may be unsuccessful or may be less positive than expected; that the Company’s projects may not contain commercial amounts of natural gas; that the Company may be unable to finance its ongoing operations and development; that the Company can achieve its business plans and objectives as anticipated; that the Company may be unable to finance its ongoing operations and development; that the business of the Company may be unsuccessful for various reasons. The forward-looking information contained herein is given as of the date hereof and we assume no responsibility to update or revise such information to reflect new events or circumstances, except as required by law.

DISCLAIMERS

This communication is for entertainment purposes only. Never invest purely based on our communication. We have not been compensated by MCF Energy Ltd. for this article but may in the future be compensated to conduct investor awareness advertising and marketing for MCF Energy Ltd. While the opinions expressed in this article are based on information believed to be accurate and reliable, such information in our communications and on our website has not been independently verified and is not guaranteed to be correct. The content of this article is based solely on our opinions which are based on very limited analysis and we are not professional analysts or advisors.

SHARE OWNERSHIP AND NOTIFICATION OF BIAS. The owner of Oilprice.com owns shares of MCF Energy Ltd. and therefore has an incentive to see the featured company’s stock perform well. The owner of Oilprice.com will not notify the market when it decides to buy more or sell shares of MCF Energy Ltd. in the market. The owner of Oilprice.com will be buying and selling shares of this issuer for its own profit. Accordingly, our views and opinions in this article are subject to bias, and why we stress that you should conduct your own extensive due diligence regarding the Company as well as seek the advice of your professional financial advisor or a registered broker-dealer before you consider investing in any securities of the Company or otherwise. 

NOT AN INVESTMENT ADVISOR. Oilprice.com is not registered or licensed by any governing body in any jurisdiction to give investing advice or provide investment recommendation. You should not treat any opinion expressed herein as an inducement to make a particular investment or to follow a particular strategy, but only as an expression of opinion. The opinions expressed herein do not take into account the suitability of any investment with your particular objectives or risk tolerance. Investments or strategies mentioned in this article and on our website may not be suitable for you and are not intended as recommendations.

ALWAYS DO YOUR OWN RESEARCH and consult with a licensed investment professional before making any investment. This communication should not be used as a basis for making any investment in any securities. Past performance is not indicative of future results.

RISK OF INVESTING. Investing is inherently risky. Do not trade with money you cannot afford to lose. There is a real risk of loss (including total loss of investment) in following any strategy or investment discussed in this article or on our website. This is neither an offer to purchase, nor a solicitation of an offer to sell, subscribe for or buy any securities or the solicitation of any vote in any jurisdiction. No representation is being made as to the future price of securities mentioned herein, or that any stock acquisition will or is likely to achieve profits.

DISCLAIMER:  OilPrice.com is Source of all content listed above.  FN Media Group, LLC (FNM), is a third party publisher and news dissemination service provider, which disseminates electronic information through multiple online media channels. FNM is NOT affiliated in any manner with OilPrice.com or any company mentioned herein.  The commentary, views and opinions expressed in this release by OilPrice.com are solely those of OilPrice.com and are not shared by and do not reflect in any manner the views or opinions of FNM.  FNM is not liable for any investment decisions by its readers or subscribers.  FNM and its affiliated companies are a news dissemination and financial marketing solutions provider and are NOT a registered broker/dealer/analyst/adviser, holds no investment licenses and may NOT sell, offer to sell or offer to buy any security.  FNM was not compensated by any public company mentioned herein to disseminate this press release.

FNM HOLDS NO SHARES OF ANY COMPANY NAMED IN THIS RELEASE.

This release contains “forward-looking statements” within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E the Securities Exchange Act of 1934, as amended and such forward-looking statements are made pursuant to the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. “Forward-looking statements” describe future expectations, plans, results, or strategies and are generally preceded by words such as “may”, “future”, “plan” or “planned”, “will” or “should”, “expected,” “anticipates”, “draft”, “eventually” or “projected”. You are cautioned that such statements are subject to a multitude of risks and uncertainties that could cause future circumstances, events, or results to differ materially from those projected in the forward-looking statements, including the risks that actual results may differ materially from those projected in the forward-looking statements as a result of various factors, and other risks identified in a company’s annual report on Form 10-K or 10-KSB and other filings made by such company with the Securities and Exchange Commission. You should consider these factors in evaluating the forward-looking statements included herein, and not place undue reliance on such statements. The forward-looking statements in this release are made as of the date hereof and FNM undertakes no obligation to update such statements.

Advertisement

Contact Information:
Media Contact e-mail:  [email protected] U.S. Phone: +1(954)345-0611

View original content:https://www.prnewswire.co.uk/news-releases/a-major-gas-find-could-upend-european-energy-markets-302089007.html

Continue Reading
Advertisement
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Fintech PR

Orbital Now Supports Stablecoin Payments on TON Blockchain

Published

on

orbital-now-supports-stablecoin-payments-on-ton-blockchain

LONDON, TALLINN, Estonia and GIBRALTAR , March 11, 2025 /PRNewswire/ — Orbital, a multi-licensed provider of stablecoin and traditional payment solutions, announces the integration of The Open Network (TON) blockchain into its Crypto Payment Gateway, enabling merchants to expand into emerging markets.

 

 

TON is a high-performance layer-1 blockchain designed for fast, low-cost transactions. Its deep integration with Telegram has fueled rapid adoption, particularly in emerging markets such as Turkey, Brazil and Indonesia.

“At Orbital, we continuously listen to our clients while shaping the future of global payments. Our mission is to make payments more accessible and secure so businesses can focus on growth. By integrating TON Blockchain for stablecoin payments, we’re reinforcing our commitment to building a powerful, global payments platform—one that unifies stablecoin speed with traditional finance to move money smarter.”– said Chris Mason, CEO of Orbital.

Orbital’s Crypto Payment Gateway allows businesses to accept crypto payments across six currencies, including two major stablecoins, on five blockchains. Merchants can choose from several options to accept crypto payments, including Embedded Payments Pages, a WooCommerce Plugin, or fully custom solutions using the Orbital API.

Once payments are accepted, they can be used within Orbital’s all-in-one payment platform, which also allows businesses to receive assets in major stablecoins, 11 traditional currencies, and 60+ exotic currencies, via SWIFT, Faster Payments, CHAPS, and Fedwire payment systems. Businesses can benefit from global accounts in both stablecoins and traditional currencies, exchange assets, initiate payouts, and handle tailored requests via the OTC desk, creating a smarter way to move money globally and scale efficiently.

Why Supporting TON Blockchain for Stablecoin Payments Matters

  • Growing adoption – TON now has 2.7 million holders of the most widely used stablecoin on the network, with a total supply of $1.43 billion (Tonscan.org, Feb 2025).
  • Lower transaction costs – Stablecoin payments on TON are more cost-effective compared to Ethereum and TRON (Gasfeesnow.com).
  • Engaging with Telegram’s 950M+ user base unlocks significant distribution opportunities.

While stablecoins offer significant efficiencies, they carry risks related to issuer solvency, reserve adequacy, and evolving regulatory frameworks. Businesses should assess these factors when considering stablecoin adoption.

For more details on TON Blockchain support and how it benefits business, visit Orbital’s Website and request a call with our team.

Media Contact

Advertisement

Andrea Pearson
Head of Marketing & Corporate Communications, Orbital
[email protected] www.getorbital.com

About Orbital

Orbital is an award-winning global payments platform with over 8 years of experience in orchestrating secure and seamless stablecoin and traditional payments for businesses globally. Headquartered in London, Tallinn, and Gibraltar, Orbital is licensed as an FCA-authorized payment institution in the UK, an EMI and DLT Provider in Gibraltar, a VASP in Estonia, and holds VQF SRO membership in Switzerland.

Orbital equips B2B and B2C businesses with an all-in-one platform that offers named vIBANs, Stablecoin Wallets, and the ability to pay-in, payout, and exchange across all major stablecoins, traditional currencies, and over 80 exotic currencies, interchangeably.

Orbital’s multi-jurisdictional licensing framework, combined with compliance with international security standards including SOC 2 Type 2, ISO 27001:2022, CSA TPC, and Cyber Essentials Plus, enables the platform to seamlessly unify both stablecoin and traditional currency payments on a global scale.

Important: This communication is for informational purposes only and does not constitute financial or investment advice. It is intended exclusively for eligible corporate clients outside the UK and high net worth companies. Cryptocurrencies are highly volatile and carry significant risks, including potential total loss. Past performance is not a guarantee of future results. Seek independent professional advice before investing. Crypto-asset products and services mentioned here are not authorised or regulated by the UK FCA. These investments may lack the protections of FCA-regulated products.

About The Open Network (TON)
The Open Network (TON) is a global, decentralized blockchain community focused on putting crypto in every pocket. By building the Web3 ecosystem in Telegram Messenger, TON’s vision is to empower 500 million users to own their digital identity, data, and assets by 2028. Learn more at https://ton.org/

Photo: https://mma.prnewswire.com/media/2636715/Orbital.jpg
Logo:  https://mma.prnewswire.com/media/2636714/Orbital_Logo.jpg

 

Orbital Logo

 

 

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/orbital-now-supports-stablecoin-payments-on-ton-blockchain-302395716.html

Continue Reading

Fintech PR

Neuromod Closes €10 Million Financing to Accelerate Commercialisation

Published

on

neuromod-closes-e10-million-financing-to-accelerate-commercialisation
  • Financing led by existing investors Fountain Healthcare Partners and Panakès Partners;
  • Neuromod will use funds to accelerate commercialisation in the USA and Europe.

DUBLIN, March 11, 2025 /PRNewswire/ — Neuromod Devices Ltd. (Neuromod), an Irish medical device company specialising in tinnitus, has successfully closed a €10 million equity financing to expand the availability of its tinnitus treatment device, Lenire.

 

 

Oversubscribed Financing to Drive Commercialisation

Neuromod has raised €10 million of equity in an expansion of its Series B fundraisings. The financing was oversubscribed and was led by existing investors Fountain Healthcare Partners and Panakès Partners, backing Neuromod’s mission to advance tinnitus care for patients globally.

Neuromod has been making Lenire available through audiology and ENT practices throughout the USA and Europe. Proceeds from the financing will be used to meet demand for Lenire through sustainable commercial expansion in the USA and Europe and expand on existing opportunities in the US Department of Veteran Affairs (USVA).

Following FDA approval in March 2023, more than 100 clinics throughout the USA now treat tinnitus patients with Lenire. Availability of Lenire has also expanded in Europe with clinics in 14 countries now using the device. In the last 6 months, the number of clinics in the UK trained to use Lenire has doubled, and it is available to patients in Sweden for the first time.

In June 2024, Neuromod was awarded a Federal Supply Schedule 65 II Medical Equipment and Supply Contract from the US Government, making Lenire a treatment option for the 2.9 million US Veterans living with tinnitusv through the USVA. 35 USVA facilities have been trained to provide treatment with Lenire with more scheduled for training in 2025.

Real-World Evidence – Substantial Momentum

Positive results for tinnitus patients treated with Lenire in real-world settings at independent USA-based clinics have been compiled with a base of over 1,500 patients that continues to grow. In what will be the first of a series of planned real-world evidence publications, results from Alaska Hearing & Tinnitus Center showed that 91.5% of 220 patients reported clinically significant improvement in their tinnitusvi. This data is consistent with, and in many instances outperforms, data from Lenire’s large-scale clinical trials.

These results followed the publication of Lenire’s pivotal controlled clinical trial results, which led to US FDA approval and featured as the cover-story in peer-reviewed journal, Nature Communicationsiv. This article is in the 99th percentile of more than 250,000 tracked Nature articles.

Advertisement

Comments

Commenting on the news, Dr. Ross O’Neill PhD, Founder & CEO of Neuromod, said, “We are delighted to announce an oversubscribed financing at a pivotal time when we are driving forward with our mission of making Neuromod the category creator for tinnitus globally.”

“Tinnitus is the largest unmet need in hearing healthcare globally and is the number one service-connected disability among US veterans and military personnel. I am proud of the progress Neuromod is making to deliver our market-surpassing treatment to as many tinnitus patients as possible while enabling care providers’ expertise to be commercially rewarded. I am also grateful for the continued support of our investors who share our vision of advancing tinnitus care globally,” Dr. O’Neill continued.

Dr. Manus Rogan, Chairman of Neuromod and Managing Partner of Fountain Healthcare Partners, commented, “Recent results from tinnitus patients using Lenire in the real-world show that it represents a new standard of care for tinnitus. The successful closing of this financing ensures more patients will get access to this standard of care as quickly as possible.”

Alessio Beverina, Managing Partner of Panakès Partners, said, “Panakès is pleased with the progress of Neuromod since our investment, with significant clinical trial, FDA approval, real-world evidence, and commercial success in both Europe and the USA; and it is proud to continue supporting Neuromod’s work to bring a new standard of care to a historically underserved patient population.”

Emily E. McMahan, Owner of Alaska Hearing and Tinnitus Center and author of the clinic’s Real World Evidence Paper, said, “Impressive clinical trial results for Lenire led me to early adoption of the landmark tinnitus treatment technology.”

“In my clinic, and my colleagues’ clinics, we are seeing results that are superior to clinical trial results,” Dr. McMahan continued.

About Neuromod Devices Ltd

Founded in 2010, Neuromod Devices Ltd. is a medical technology company headquartered in Dublin, Ireland. Neuromod specialises in the design, development, and commercialisation of neuromodulation technologies to address the clinical needs of underserved patient populations who live with chronic and debilitating conditions. The lead application of Neuromod’s technology is in the field of tinnitus, where Neuromod has completed extensive clinical trials to confirm the efficacy of its non-invasive neuromodulation platform in this common disorder. For more information visit www.neuromoddevices.com.

About Tinnitus

Advertisement

Tinnitus, commonly known as ‘ringing in the ears’, is a complex neurological condition that causes a perception of sound when there is no external source. Tinnitus affects an estimated 15% of the global adult populationi.

The management of tinnitus poses significant burden on healthcare systems. A 2021 study estimated the socioeconomic costs of tinnitus in Germany at €21.9 billion per annumvii. In the USA it’s estimated the Veterans Benefits Administration paid out approximately $5.8 billion through its Veterans Compensation benefits program for tinnitus in 2023v. The American Tinnitus Association, the leading advocacy body in the USA for people living with the condition, has recently revised its estimate that 50 million Americans live with tinnitus upward to 70 millionviii.

About Lenire

Lenire is the first non-invasive bimodal neuromodulation tinnitus treatment device shown to soothe and relieve tinnitus in a large-scale clinical trial. Lenire works by delivering mild electrical pulses to the tongue, through an intra-oral component called the ‘Tonguetip®’, combined with auditory stimulation through headphones. This combination drives changes in the brain to treat tinnitus. To date, the device has been used in large-scale clinical trials with over 700 patientsii,iii,iv.

Lenire has CE-mark certification for the treatment of tinnitus under the supervision of an appropriately qualified healthcare professional in Europe and has received a De Novo grant of approval by the US FDA. Further details about Lenire including a list of providers can be found at www.lenire.com.

Connect with Neuromod Devices Ltd

LinkedIn: linkedin.com/neuromod
X: x.com/NeuromodDevices
Facebook: facebook.com/neuromoddevices/ 
Website: www.neuromoddevices.com

References & Notes

(i) Baguely et al., Tinnitus, The Lancet (2013), sciencedirect.com/science/article/pii/S0140673613601427
(ii) Conlon et al., Sci. Transl. Med. 12, eabb2830 (2020)
(iii) Conlon et al., Different bimodal neuromodulation settings reduce tinnitus symptoms in a large randomized trial, Sci Rep, doi.org/10.1038/s41598-022-13875-x (2022)
(iv) Boedts M, B. A., Khoo G, et al. Combining sound with tongue stimulation for the treatment of tinnitus: a controlled pivotal trial. Nature communications (2024)
(v) US VA Benefits Report Fiscal Year 2023: https://www.benefits.va.gov/REPORTS/abr/
(vi) McMahan, E.E. and Lim, H.H., 2024. Effectiveness of bimodal neuromodulation for tinnitus treatment in a real-world clinical setting in United States: A retrospective chart review. medRxiv., pp.2024-08; doi: https://doi.org/10.1101/2024.08.22.24312175 [preprint]
(vii) Tziridis K, Friedrich J, Brüeggemann P, Mazurek B, Schulze H. Estimation of Tinnitus-Related Socioeconomic Costs in Germany. Int J Environ Res Public Health. 2022 Aug 22;19(16):10455. doi: 10.3390/ijerph191610455. PMID: 36012089; PMCID: PMC9407899
(viii) https://www.linkedin.com/posts/patrickalynch_tinnitus-activity-7270503831304654848-VbWN/

Photo: https://mma.prnewswire.com/media/2638098/Neuromod_Dr_Ross_ONeill.jpg

Advertisement

Cision View original content:https://www.prnewswire.co.uk/news-releases/neuromod-closes-10-million-financing-to-accelerate-commercialisation-302398184.html

Continue Reading

Fintech PR

Seedtag Appoints Aritz Reyes as Global SVP of Operations

Published

on

seedtag-appoints-aritz-reyes-as-global-svp-of-operations

Aritz Reyes has joined Seedtag as Global Senior Vice President of Operations, overseeing the company’s operations globally across 16 markets.

MADRID, March 11, 2025 /PRNewswire/ — Seedtag, the global leader in contextual advertising, has appointed Aritz Reyes as Global SVP of Operations. In this role, Aritz will oversee the company’s operational transformation to support its rapid growth and further enhance its international footprint across 16 markets. Based in Madrid, his primary focus will be optimizing operations to ensure Seedtag’s global scalability and the long-term success of its business model.

With over 18 years of experience in digital advertising, Aritz has held various executive positions on both the demand and supply sides at major multinational companies. His past leadership roles include Managing Director at Xaxis (GroupM), Head of Operations at Havas, and Managing Director at Kinesso (IPG). He specializes in platform-based digital buying and has extensive expertise in programmatic advertising, having contributed to its growth from its early development. His technical, operational, and business acumen will be crucial in ensuring high-quality execution to meet advertisers’ business objectives.

“It is an honor to join Seedtag, a Spanish company with a strong global presence. I’m excited to bring my experience to optimize our operations and continue delivering value across all our markets,” said Aritz Reyes.

Jorge Poyatos, Co-CEO and Co-Founder of Seedtag, added: “Aritz’s arrival will accelerate the strategic use of technology to drive efficiencies and streamline processes. The operations team will play a key role in supporting the growth we anticipate in the coming years, ensuring that customer satisfaction remains Seedtag’s top strategic priority.”

About Seedtag

Seedtag, the global contextual advertising company, specializes in privacy-first advertising throughout the open web and CTV, powered by its contextual AI, Liz. Seedtag enables brands and agencies to discover the most relevant audience interests using a sophisticated contextual graph fueled by contextual data from +10,000 premium publishers. This capability ensures advertisers reach their audience at the right moment, with the right message. Utilizing the power of context to achieve advertisers’ aims across the customer journey, Seedtag creates innovative advertising solutions for everyone.

Advertisement

Founded in 2014, Seedtag has its headquarters in New York City and Madrid, with a global team of +600 people and offices in EMEA, LATAM, North America, and APAC.

Photo: https://mma.prnewswire.com/media/2637882/Seedtag.jpg
Logo:  https://mma.prnewswire.com/media/2276718/Seedtag_logo.jpg

 

Cision View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/seedtag-appoints-aritz-reyes-as-global-svp-of-operations-302397094.html

Continue Reading

Trending