Siemens and U.S. startup LO3 Energy collaborate on blockchain microgrids

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NEW YORK–(BUSINESS WIRE)–Siemens and the New York startup LO3 Energy are collaborating in the field of innovative microgrids. The goal of the collaboration is to jointly develop microgrids that enable local energy trading based on blockchain technology. Siemens is involving its next47 unit, which was established in October 2016 as part of an ecosystem for partnerships with startups to take a leading role in the evolving decentralized energy system market. As a startup, LO3 Energy is currently supported by Siemens Digital Grid and next47, in developing a solution for a blockchain-based microgrid in the New York borough of Brooklyn – the first of its kind in the world and a starting point for developing other joint microgrid projects in US and other countries.

“The constant evolution at the grid edge requires advanced control, automation and data analytics technologies enabling secure, stable and reliable integration of decentralized energy systems as well as supporting the establishment of new business models. We’re convinced that our microgrid control and automation solutions, in combination with the blockchain technology of our partner LO3 Energy, will provide additional value for our customers whether on the utilities side or on the prosumer side,” said Ralf Christian, CEO of Siemens’ Energy Management Division.

Lawrence Orsini, founder of LO3 Energy: “In the world of finance, blockchain technology is rapidly advancing across many sectors, but in the energy market, things are comparatively different. With our microgrid solution in Brooklyn, we’ll demonstrate just the beginning of what blockchain can do in the transactive energy world.”

The microgrid planned for Brooklyn, which started as a pilot project of LO3 Energy, is now being further developed with the aid of Siemens Digital Grid in the US. For the first time, a microgrid control solution from Siemens is being combined with the peer-to-peer trading platform from LO3 Energy known as TransActive Grid. This solution will enable blockchain-based local energy trading between producers and consumers in Brooklyn’s Boerum Hill, Park Slope, and Gowanus neighborhoods as well as balance out local production and consumption.

Blockchain technology is an innovative method of storing and validating data that permits direct transactions between energy producers and consumers. Transactions are trackable and tamper-proof on distributed systems without the need for centralized monitoring. Thanks to a cryptographic process and distributed storage, the possibility of manipulation is virtually eliminated. In addition, authentication processes guarantee the confidentiality of user data. As an example, the cryptocurrency Bitcoin uses the blockchain process in the financial world.

The combination of a microgrid control solution and blockchain technology will make it possible for a provider of photovoltaic systems on the roofs of buildings in Brooklyn to feed its excess electricity back into the existing local grid and receive payments from the purchasers. Preliminary tests of peer-to-peer transactions between neighbors were successfully completed in April 2016. “Just as our partner LO3 Energy we are envisioning tremendous opportunities for the application of the blockchain technology, especially in microgrids with distributed and decentralized energy systems. Its big benefit is, that it permits transparent, efficient trading between multiple participating systems and various stakeholders while taking grid-specific requirements into account”, said Thomas Zimmermann, CEO of Siemens’ Digital Grid Business Unit.

To increase the efficiency of the overall systems, the platform not only manages generated and stored energy, but also handles the consumers’ flexibility options. In addition, the combination of TransActive Grid technology from LO3 Energy and microgrid control solutions from Siemens will simplify the temporary standalone operation of heterogeneous microgrids – for example, following a natural disaster – and optimize the use of existing resources within the grid infrastructure.

The Brooklyn project thus also fully supports New York State’s new energy strategy, “Reforming the Energy Vision” (REV). With the help of this strategy, the state’s power supply industry is to be reorganized to increase grid efficiency, minimize the power supply system’s susceptibility to environmental disasters, and improve this system’s carbon footprint. Based on experience with the pilot project in Brooklyn, Siemens and LO3 Energy intend to implement additional blockchain-based microgrid and Smart City projects to test out various other business models and gain insights about the replicability of solutions on other regions of the world.

This press release is available at http://news.usa.siemens.biz.

Siemens AG (Berlin and Munich) is a global technology powerhouse that has stood for engineering excellence, innovation, quality, reliability and internationality for more than 165 years. The company is active in more than 200 countries, focusing on the areas of electrification, automation and digitalization. One of the world’s largest producers of energy-efficient, resource-saving technologies, Siemens is a leading supplier of efficient power generation and power transmission solutions and a pioneer in infrastructure solutions as well as automation, drive and software solutions for industry. The company is also a leading provider of medical imaging equipment – such as computed tomography and magnetic resonance imaging systems – and a leader in laboratory diagnostics as well as clinical IT. In fiscal 2016, which ended on September 30, 2016, Siemens generated revenue of €79.6 billion and net income of €5.6 billion. At the end of September 2016, the company had around 351,000 employees worldwide. Further information is available on the Internet at www.siemens.com.

LO3 Energy is a technology and business development consulting firm with a focus on emerging decentralized business models and innovative technologies related to energy, cleantech and currency systems. The LO3 team excels at the ideation, architecture, development, prototyping and testing of cutting edge distributed energy, computing and peer-to-peer distributed consensus networks. The company builds tools and develops projects to support and accelerate proliferation of the distributed energy, utilities and computation sharing economy of the future. More information at: www.lo3energy.com.

St. Francis House, Financial Services Companies Partner for National Hunger & Homelessness Awareness Week

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BOSTON–(BUSINESS WIRE)–To recognize National Hunger & Homelessness Awareness Week, St. Francis House invited several financial services companies with offices in Boston to join in participating in the St. Francis House Financial Services Week.

Held each year the week before Thanksgiving, National Hunger & Homelessness Awareness Week is an opportunity for reflection and service in the community towards hunger and homelessness issues.

“We are proud of the many ways our corporate partners help St. Francis House ensure that every day we can always provide not just a meal, but also opportunities for pathways to stability and housing for our many guests,” noted Karen LaFrazia, Executive Director, St. Francis House.

Located in the heart of downtown Boston, St. Francis House serves 500+ poor and homeless men and women each day of the year. St. Francis House corporate partners and their employees are using this week to come together and give back in recognition of the many guests who visit each day seeking a meal and help to find housing.

“Bank of America is committed to improving lives through the power of every connection, and a key element of that is making sure the critical needs of hunger and housing are met throughout our community,” said Miceal Chamberlain, Bank of America’s Massachusetts President. “Our employees are honored to be serving the guests of St. Francis House Kitchen this week alongside our colleagues from Boston’s financial services sector.”

Participating companies included Bank of America, Fidelity, John Hancock, Natixis Global Asset Management, Rockland Trust and Santander.

“It’s important for companies to do the right thing and help their communities, so we are excited to join with Boston’s financial industry to support St. Francis House during National Hunger and Homeless week and throughout the year,” said John Hailer, CEO of Natixis Global Asset Management for the Americas and Asia and Head of Global Distribution. “We’re proud of our longstanding partnership with St. Francis House, and our associates are gratified to be a part of the amazing work they do to help our most vulnerable citizens.”

About St. Francis House
Located in the heart of Boston, St. Francis House rebuilds lives by providing refuge and pathways to stability for adults experiencing homelessness and poverty.

St. Francis House is a welcoming and inclusive community. For over thirty years, every day of the year, we meet guests’ basic needs for food, clothing and shelter. We transform lives by using a holistic approach to understanding and addressing the behavioral health, housing and employment needs. We commit ourselves to helping those we serve achieve renewed lives of dignity and self-determination.

Chase Pay App Debuts

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NEW YORK–(BUSINESS WIRE)–Starting today, Chase customers can download and pay with Chase Pay®, the new digital payment solution that works in stores, in app, and online. The Chase Pay app works at the more than 7,500 participating Starbucks® locations in the U.S. and nearly 1,400 Best Buy® stores.

Chase customers can download the Chase Pay app from the App Store and Google PlayTM Store. Once they sign in using the same User ID and password as they use on Chase.com, customers will see their Chase Visa® Credit, Debit and Liquid® cards already loaded in the app. Touch ID can be used for future use of the app to make it easy to pay at the register.

Today, the Chase Pay app lets customers:

  • pay with a mobile phone using QR codes at participating Starbucks and Best Buy stores
  • reload their Starbucks Card in the Starbucks® mobile app for iPhone or online at Starbucks.com (Android functionality available soon)
  • check Chase account balances and available credit
  • view transactions from the last 90 days

“Chase Pay is special because it’s the first digital payments solution that benefits both consumers and merchants,” said Jennifer Roberts, president of strategic alliances and loyalty solutions for Chase. “By focusing on merchant needs first – lower cost, zero fraud liability – we’ve got a real opportunity to break through the mobile payments noise.”

In the future, customers will be able to use Chase Pay at Phillips 66®, Conoco®, 76®, Walmart®, ShopRite® and The Fresh Grocer® (part of Wakefern Food Corp.) and at participating Shell stations. For more information, visit www.chasepay.com.

About Chase

Chase is the U.S. consumer and commercial banking business of JPMorgan Chase & Co. (NYSE:JPM), a leading global financial services firm with assets of $2.5 trillion and operations worldwide. Chase serves nearly half of America’s households with a broad range of financial services, including personal banking, credit cards, mortgages, auto financing, investment advice, small business loans and payment processing. Customers can choose how and where they want to bank: 5,300 branches, 16,000 ATMs, mobile, online and by phone. For more information, go to Chase.com.

Hiring Doubles in On-Demand Economy Through First 10 Months of 2016, OnboardIQ On-Demand Jobs Report Shows

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SAN FRANCISCO–(BUSINESS WIRE)–OnboardIQ, whose software automates the hiring process for hourly workers, today released its first On-Demand Jobs Report, an analysis of trends in job applications, hires, and time to hire across a broad cohort of on-demand companies in the U.S. The report shows a healthy and growing on-demand sector that doubled hiring in the first 10 months of 2016.

The growth in on-demand companies seems to reinforce the positive economic outlook portrayed in the most recent Employment Situation Summary from the Bureau of Labor Statistics (BLS), which estimated that 161,000 jobs were added and that the unemployment rate dropped slightly to 4.9%.

“The future of work has changed, driven by increased flexibility and a more mobile workforce,” said Keith Ryu, OnboardIQ CEO. “Yet many measures of job growth and economic health are based on a 20th Century definition of work, failing to measure the growing importance of the on-demand economy and contingent workforce.”

With insight into nearly 250,000 on-demand applications and more than 27,500 hires from January to October, OnboardIQ is well positioned to identify and highlight trends in on-demand hiring.

Specifically, OnboardIQ’s On-Demand Jobs Report shows:

  • Monthly hires doubled over the year to more than 4,400 in October; applications decreased by 14% to 26,000;
  • In 2016, on-demand companies hired an average of 11.2% of applicants;
  • On-demand companies made faster hiring decisions, with a 48% decrease in the time it took to hire applicants.

However, OnboardIQ’s report also flagged data that suggests growth for on-demand companies is slowing and the applicant pool is narrowing. From September to October, applicants decreased 1%, while hires increased 4%. During the same period in 2015, applications grew at 22% and hires rose 20%.

To download all of OnboardIQ’s findings, please visit https://onboardiq.com/jobs_report.

About OnboardIQ

OnboardIQ is hiring automation software focused on hiring hourly workers and contractors. We automate the grueling tasks of screening and scheduling to save growing companies time and find the right people, fast. To learn more, visit www.onboardiq.com.

Global Waterproofing Membranes Market Report 2016-2021 – Analysis, Technologies & Forecasts – Vendors: BASF, Carlisle Companies, Chryso – Research and Markets

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DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global Waterproofing Membranes Market – Segmented by Type, Raw Material, Application and Geography – Trends and Forecasts (2016 – 2021)” report to their offering.

There has been an ever increasing concern for water & waste management, and this sector is expected to register the highest growth rate during 2015 to 2020. Owing to increasing industrialization and improved macroeconomic conditions, China and India are expected to be the growth frontiers for waterproofing membranes.

In 2015, the water & waste management segment accounted for the second largest market share among all applications, regarding value and volume, followed by the bridges and highways segment. The primary application of waterproofing in roofing and walls is expected to retain its largest share of the market; it is estimated to have a relatively moderate growth rate. Besides these, other waterproofing applications are in Marines, subways, dams, tunnels, etc.

Being lightweight in nature, cost-efficient, durable, and environmentally sustainable, waterproofing membranes have always been most an attractive waterproofing solution for various industries. However, new eco-friendly and biodegradable alternatives have surfaced recently, which have been redistributing the market in developed countries. Some of the conventional waterproofing membranes have also proven harmful for the environment and have turned into a major restraint for the industry.

The existing major players in this segment are:

  • BASF SE
  • Carlisle Companies Inc.
  • Chryso S.A.S
  • Dow Chemical Corp.
  • GAF Materials Corp.
  • Juta A.S.
  • Renolit Se.
  • Sika AG

Report Structure:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Analysis (Market Size, Growth and Forecast)

7. Future of the Market

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit http://www.researchandmarkets.com/research/xr7ztx/global.

Global Polyphenylene Sulphide Market Worth USD 1.85 Billion by 2020 – Analysis, Technologies & Forecasts Report 2015-2020 – Vendors: DIC Corp, Solvay, Celanese – Research and Markets

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DUBLIN–(BUSINESS WIRE)–Research and Markets has announced the addition of the “Global Polyphenylene Sulphide Market – Segmented by Product Type, End – user Industry and Geography – Trends and Forecasts (2015 – 2020)” report to their offering.

The Global Polyphenylene Sulphide Market was valued at USD 1.06 billion in 2015 and is projected to reach USD 1.85 billion by 2020, at a CAGR of 9.73% during the forecast period from 2015 to 2020. In terms of volume, Global consumption of PPS was 92 thousand metric tons and is projected to reach 145 thousand metric tons by 2020, growing at a CAGR of 7.88% during the forecast period from 2015 to 2020.

Polyphenylene Sulphide (PPS) is a partially crystalline, high temperature performance polymer which exhibits exceptional chemical resistance, thermal stability, dimensionally stability, and fire resistance. PPS’s extreme inertness toward organic solvents, and inorganic salts and bases make for outstanding performance as a corrosion-resistant coating suitable for contact with foods. PPS finds wide range of application in Automotive, Electrical & Electronics, Healthcare, Industrial, Aerospace & defense and other Engineering Equipment manufacturing Industries.

In terms of volume, Automotive Sector is the biggest consumer of PPS globally, with a market share of nearly 38% in 2015 and is expected to grow at a CAGR of 6.25% in the near future.

Some of the major companies dominating this market for its products, services, and continuous product developments are DIC Corporation, Solvay Speciality Polymers, Celanese Corporation, Daicel Polymer Ltd., Shanghai Polygen Science and Technology Co., Ltd., Toray Resin Company, etc.

Report Structure:

1. Introduction

2. Executive Summary

3. Market Insights

4. Market Dynamics

5. Market Segmentation and Analysis

6. Regional Analysis

7. Future of Industry

8. Competitive Landscape

9. Company Profiles

10. Disclaimer

For more information about this report visit http://www.researchandmarkets.com/research/t5fjgs/global.

Ramirez Finishes Record Fiscal Year in Municipal Bonds

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NEW YORK–(BUSINESS WIRE)–Samuel A. Ramirez & Co., Inc. (Ramirez), a leader in municipal bonds, ended its fiscal year ranked among the top five negotiated underwriters in New York State and 12th nationwide. For the first time, the minority-owned firm was senior manager for $4.3 billion in municipal bond transactions for New York issuers and for $8.3 billion in transactions for all issuers across the United States for the 12 months ending September 30, 2016, according to Thomson Reuters.

Over the past year in New York, Ramirez had book-running positions for critical bond issues for New York City, Metropolitan Transit Authority (MTA), The Port Authority of New York and New Jersey, and Nassau County, N.Y. Nationally, Ramirez was senior book-running manager for numerous major issuers, including the cities of Chicago and San Antonio, Miami-Dade County, Fla., Los Angeles Department of Water and Power, and the state of California.

“We’re committed to being a municipal market leader and believe our primary focus is to serve the issuer,” said Samuel A. Ramirez, Sr., the firm’s founder, chairman and chief executive officer. “As a result, we’ve brought great liquidity, expertise and innovation to municipal bonds for decades and will continue to do so for decades to come.”

In addition to working with issuers in New York since 1971, Ramirez has worked with issuers in California for more than 30 years, as well as in Texas and in Florida for over 20 years.

New Innovations in 2016

In 2016, Ramirez brought the country’s first ‘Climate Bond Certified’ municipal bond to market for the MTA. Strong demand enabled the MTA to upsize the transaction to $782.5 million, making it the largest municipal certified green bond issue to date, and achieving the MTA’s tightest pricing to date. Additionally in 2016, Ramirez introduced several unique market features, including its Optional Redemption Feature (OREs) product that provided numerous issuers with significantly increased optionality in their capital structures.

Ramirez has been a part of the fabric of the municipal bond market since its start as a municipal bond specialist 45 years ago. The firm is now one of the industry’s preeminent and best capitalized boutique underwriters, having cultivated a banking, underwriting, sales and trading, and strategy team that is unique in its integration.

“Our roots are in municipal bonds, and we will continue on our upward trajectory in this space by bringing the best ideas to our clients and to the market,” said Ramirez.

About Samuel A. Ramirez & Co., Inc.

Founded in 1971, Ramirez is a nationwide, full service investment bank, brokerage and advisory firm serving institutional clients and retail investors across six core areas: municipal finance, investment banking, fixed income sales and trading, institutional equities, wealth management and asset management. The firm is a leader in the fixed income market and is one of the nation’s top managing municipal bond underwriters. In addition to its New York City headquarters, Ramirez has offices in Austin, Boston, Chicago, Houston, Los Angeles, Orlando, San Antonio, and San Juan, Puerto Rico. More information is available at www.ramirezco.com.

Adobe Named a Leader in Lead-to-Revenue Management Platform Vendors by Independent Research Firm

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SAN JOSE, Calif.–(BUSINESS WIRE)–Adobe (Nasdaq:ADBE) today announced that the company was recognized as a Leader in “The Forrester Wave:™ Lead-to-Revenue Management Platform Vendors, Q4 2016” report by Forrester Research, Inc. for the second consecutive year. Of the 11 vendors Forrester evaluated for the lead-to-revenue management (L2RM) report, Adobe was among five companies recognized as a leader across 36 criteria, including strategy, current offering and market presence.

“It’s more important than ever that brands provide exceptional, highly personalized experiences across the entire customer journey,” said Stephan Dietrich, vice president, Adobe Campaign. “Our leadership in Forrester’s L2RM report validates the strength of our email and campaign management offering that helps both B2B and B2C enterprises evolve into Experience Businesses.”

“Adobe Campaign is a robust product that can meet the needs of B2B, B2C and B2B2C marketers,” stated Forrester in its L2RM report. “Companies who are heavily invested with Adobe for marketing solutions should have no hesitation to evaluate Adobe Campaign as a L2RM Platform solution. Additionally, global companies operating in a B2B2C model should consider Adobe for its native strengths. Adobe Campaign is one of the few L2RM platform solutions that can be deployed on-premise or hosted at the vendor’s data center, which could offer an advantage for some marketers.”

Adobe Campaign provides campaign, offer and personalization management capabilities for sophisticated automation and execution of marketing programs across channels. Both B2B and B2C brands can drastically improve customer engagement across online channels such as email, web, social, display and mobile channels, as well as offline channels including direct mail and point of sale. More than 750 customers power their email with Adobe Campaign. Over 28 billion emails were sent with Adobe Campaign in the first half of 2016. Adobe Campaign customers include British Petroleum, Christian Dior, HD Supply, L’Occitane, Los Angeles Kings Hockey Club, Motorola, Museum of Fine Arts Boston, Renault, Scandinavian Airlines, Sephora USA, Inc., Time Warner Cable, True Value, UBS and more.

Forrester defines L2RM as “business system for marketers whose offerings mandate a long, complex or highly considered buying process,” and stated in the report, “L2RM mostly applies to B2B marketers, but not exclusively. Consumer marketers who are taking highly considered products and services to market also benefit from the managed process of L2RM and the changing marketing remit that the practice enables. The L2RM business system comprises integrated goals, processes and metrics that reshape marketing practices to drive effective customer engagement across the entire customer life cycle — from awareness to advocacy.”

A blog post about Adobe’s position as a leader in the ““The Forrester Wave:™ Lead-to-Revenue Management Platform Vendors, Q4 2016” report can be found here.

About Adobe Marketing Cloud

Adobe Marketing Cloud empowers companies to use big data to effectively reach and engage customers and prospects with highly personalized marketing content across devices and digital touch points. Eight tightly integrated Solutions offer marketers a complete set of marketing technologies that focus on analytics, web and app experience management, testing and targeting, advertising, video, audience management, social engagement and campaign orchestration. The tie-in with Adobe Creative Cloud makes it easy to quickly activate creative assets across all marketing channels. Thousands of brands worldwide including two thirds of Fortune 50 companies rely on Adobe Marketing Cloud.

About Adobe

Adobe is changing the world through digital experiences. For more information, visit www.adobe.com.

© 2016 Adobe Systems Incorporated. All rights reserved. Adobe and the Adobe logo are either registered trademarks or trademarks of Adobe Systems Incorporated in the United States and/or other countries. All other trademarks are the property of their respective owners.

PUFR Device Fingerprinting Secures Emerging Technology

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PLANO, Texas–(BUSINESS WIRE)–The cost of data breaches is expected to increase to $2.1 trillion globally by 2019, four times the estimated cost of breaches in 2015, according to market analysts at Juniper Research. Staying ahead of emerging technology and cyber crimes presents challenges for businesses across industries, including the military and government.

Accelerating state-of-the-art cybersecurity protections is one of the focus areas at the 2016 Defense Innovation Program, and PUFR, a cybersecurity start-up, will demonstrate new device fingerprinting at the event. The company joins global innovation, business and defense leadership at the event Nov. 29-Dec. 1 in Austin, Texas.

The new technology leverages individual device memory cells and intrinsic manufacturing variations to generate consistent, unique fingerprints for individual devices. Then, only authenticated devices are permitted to access restricted data (e.g., account information, network access) or software.

PUFR device fingerprinting adds a unique, hardware-based layer of security, turning every device into its own smart card. Defense contractors, IoT companies and technology firms are already expressing interest in the device signature process as they seek solutions and differentiators in emerging markets of today’s increasingly digital, mobile and connected world.

“Hardware-based security will continue to increase its presence,” Lex Keen, PUFR founder, said. “We see it with the military reliant on smart cards and financial industries switching to credit cards with chips.”

The PUFR team and partners have extensive technical and operational experience from both the military and commercial sectors. PUFR’s intellectual property portfolio, developed alongside a leader in physically unclonable functions (PUF), creates a faster, more efficient and more secure hardware authentication process to protect smart, individual and enterprise devices as well as perimeter and mobile security. Military and government work integrates all of these technologies, and Keen, who previously served as Technical Director at U.S. Cyber Command, understands the military mission needs. Therefore, the military and government sector is the primary market focus.

PUFR is seeking Small Business Innovation Research and private-sector funding to continue development and be first to market for Department of Defense projects with the potential for commercialization in the future. The low error rate, less than 1 percent, meets banking standards, and the technology is flexible and powerful enough to adapt for protecting other emerging IoT technology, connected devices and supply-chain systems.

PUFR gained momentum after the 2015 Defense Innovation Program when founder Lex Keen formed a partnership with Bertrand Cambou, who is professor of practice at Northern Arizona University’s School of Informatics, Computing and Cyber Systems. Cambou is the PUFR technical advisor and also serves as an invention ambassador for the American Association for the Advancement of Science and the Lemelson Foundation. Cambou, author of 42 patent disclosures with 412 citations, will speak about inventing and IP law at the 2016 Defense Innovation Program in Austin, Texas Nov. 29-Dec. 1.

About PUFR

Developed by a team and partners with deep technical and operational experience in the military and commercial sectors and partnerships with top innovation labs, accelerators and universities, PUFR is a cybersecurity start-up with a patented device authentication process to secure emerging technology. For more information, visit www.pufr.io.

Kite Pharma to Present Interim Results from the ZUMA-1 Pivotal Trial of KTE-C19 in a Late-Breaking Session at the 2016 American Society of Hematology Annual Meeting

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SANTA MONICA, Calif.–(BUSINESS WIRE)–Kite Pharma, Inc. (Nasdaq:KITE) today announced that data from the interim analysis of the pivotal ZUMA-1 trial of KTE-C19 in patients with chemorefractory aggressive non-Hodgkin lymphoma (NHL) have been accepted as an oral late-breaking presentation at the American Society of Hematology (ASH) 58th Annual Meeting in San Diego, CA, on December 6, 2016. The abstract was one of only six accepted in this category and will be included in the December 1 online issue of Blood.

“Outcomes for patients with aggressive NHL depend on whether their disease is sensitive to chemotherapy. The ZUMA-1 study was designed to support registration of KTE-C19 by enrolling a well-defined chemorefractory patient population,” said Jeff Wiezorek, M.D., Senior Vice President of Clinical Development of Kite. “We are pleased with the outcome of the study to date and thank the patients and investigators for their participation in the first positive pivotal study in CAR-T therapy.”

The abstract, titled “KTE-C19 (anti-CD19 CAR T Cells) Induces Complete Remissions in Patients with Refractory Diffuse Large B-Cell Lymphoma (DLBCL): Results from the Pivotal Phase 2 ZUMA-1,” will be presented by Sattva S. Neelapu, M.D., Associate Professor at the University of Texas MD Anderson Cancer Center, Houston, TX.

Session Information

Session Name: Late-Breaking Abstracts Session
Session Date: Tuesday, December 6, 2016
Session Time: 7:30 AM – 9:00 AM PT
Presentation Time: 8:45 AM PT
Room: San Diego Convention Center, Hall AB

This oral presentation will feature interim results from the ZUMA-1 Phase 2 trial. In September 2016, Kite announced ZUMA-1 positive interim topline results (objective response rate 79 percent; complete remission rate 52 percent) from 62 patients with 3 months of follow-up in both Cohort 1 and Cohort 2. Cohort 1 included patients with DLBCL, and Cohort 2 enrolled patients with transformed follicular lymphoma (TFL) and primary mediastinal B-cell lymphoma (PMBCL). Details of data available at the time of interim analysis, including 93 patients who had the opportunity to be followed for one month, will be presented in the late-breaker presentation on December 6, 2016. Cohort 2 data will be covered in a separate oral presentation on December 5, 2016: Abstract #998, A Phase 2 Multicenter Trial of KTE-C19 (anti-CD19 CAR T Cells) in Patients with Chemorefractory Primary Mediastinal B-Cell Lymphoma (PMBCL) and Transformed Follicular Lymphoma (TFL): Interim Results From ZUMA-1, https://ash.confex.com/ash/2016/webprogram/Paper94812.html

About KTE-C19

Kite Pharma’s lead product candidate, KTE-C19, is an investigational therapy in which a patient’s T cells are engineered to express a CAR to target the antigen CD19, a protein expressed on the cell surface of B-cell lymphomas and leukemias, and redirect the T cells to kill cancer cells. KTE-C19 has been granted Breakthrough Therapy Designation status for diffuse large B-cell lymphoma (DLBCL), transformed follicular lymphoma (TFL), and primary mediastinal B-cell lymphoma (PMBCL) by the U.S. Food and Drug Administration (FDA) and Priority Medicines (PRIME) regulatory support for DLBCL in the EU.

About Kite Pharma

Kite Pharma, Inc., is a clinical-stage biopharmaceutical company engaged in the development of novel cancer immunotherapy products, with a primary focus on engineered autologous cell therapy (eACT™) designed to restore the immune system’s ability to recognize and eradicate tumors. Kite is based in Santa Monica, CA. For more information on Kite Pharma, please visit www.kitepharma.com. Sign up to follow @KitePharma on Twitter at www.twitter.com/kitepharma.

Cautionary Note on Forward-Looking Statements

This press release contains forward-looking statements for purposes of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995. The press release may, in some cases, use terms such as “predicts,” “believes,” “potential,” “proposed,” “continue,” “estimates,” “anticipates,” “expects,” “expected,” “plans,” “intends,” “may,” “could,” “might,” “will,” “should” or other words that convey uncertainty of future events or outcomes to identify these forward-looking statements. Forward-looking statements include statements regarding intentions, beliefs, projections, outlook, analyses or current expectations concerning, among other things: the ability to obtain regulatory approval based on the ZUMA-1 trial of KTE-C19. Various factors may cause differences between Kite’s expectations and actual results as discussed in greater detail in Kite’s filings with the Securities and Exchange Commission, including without limitation in its Form 10-Q for the quarter ended September 30, 2016. Any forward-looking statements that are made in this press release speak only as of the date of this press release. Kite assumes no obligation to update the forward-looking statements whether as a result of new information, future events or otherwise, after the date of this press release.