Connect with us

Technology

Ginkgo Bioworks Provides Compensation Information Related to Recent Acquisitions

Published

3 years ago

on

BOSTON, Feb. 28, 2024 /PRNewswire/ — Today, Ginkgo Bioworks (NYSE: DNA), which is building the leading platform for cell programming and biosecurity, announced that in connection to its transaction with Patch Biosciences, Inc. (“Patch Bio”) on February 26, 2024, Ginkgo approved grants of restricted stock units with an aggregate grant date fair value of  $4,292,000 to eight Patch Bio employees, and in connection with its acquisition of Reverie Labs, Inc. (“Reverie”) on February 23, 2024, Ginkgo approved grants of restricted stock units with an aggregate grant date fair value of $3,530,000 to four Reverie employees. The restricted stock units were granted without stockholder approval as material inducements to the employees entering into employment with Ginkgo pursuant to NYSE Listed Company Manual Section 303A.08 and were approved by the compensation committee of Ginkgo’s board of directors.

Consistent with Ginkgo’s standard vesting schedules, each grant of restricted stock units to former Reverie employees will vest as to 25% of the restricted stock units on the one-year anniversary of the grant date and as to 1/48 of the restricted stock units monthly thereafter, subject to the employee’s continued employment or service to Ginkgo or one of its subsidiaries on the applicable vesting date. Each grant of restricted stock units to former Patch Bio employees will vest either (i) as to 25% of the restricted stock units on the one-year anniversary of the grant date and as to 1/48 of the restricted stock units monthly thereafter, or (ii) for certain employees, as to 100% of the restricted stock units, approximately, nine (9) months from the grant date (and will fully vest on the last day of an employee’s employment, if such employee’s employment is terminated without cause), subject to, in all cases, the employee’s continued employment or service to Ginkgo or one of its subsidiaries on the applicable vesting date.The restricted stock units are subject to the terms of the Ginkgo Bioworks Holdings, Inc. 2022 Inducement Plan and individual award agreements thereunder.

About Ginkgo Bioworks

Ginkgo Bioworks is the leading horizontal platform for cell programming, providing flexible, end-to-end services that solve challenges for organizations across diverse markets, from food and agriculture to pharmaceuticals to industrial and specialty chemicals. Ginkgo’s biosecurity and public health unit, Concentric by Ginkgo, is building global infrastructure for biosecurity to empower governments, communities, and public health leaders to prevent, detect and respond to a wide variety of biological threats. For more information, visit ginkgobioworks.com and concentricbyginkgo.com, read our blog, or follow us on social media channels such as X (@Ginkgo and @ConcentricByGBW), Instagram (@GinkgoBioworks), Threads (@GinkgoBioworks) or LinkedIn.

Forward-Looking Statements of Ginkgo Bioworks

This press release contains certain forward-looking statements within the meaning of the federal securities laws, including statements regarding the capabilities and potential success of the acquisitions and Ginkgo’s cell programming platform. These forward-looking statements generally are identified by the words “believe,” “can,” “project,” “potential,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this press release, including but not limited to: (i) volatility in the price of Ginkgo’s securities due to a variety of factors, including changes in the competitive and highly regulated industries in which Ginkgo operates and plans to operate, variations in performance across competitors, and changes in laws and regulations affecting Ginkgo’s business, (ii) the ability to implement business plans, forecasts, and other expectations, and to identify and realize additional business opportunities, (iii) the risk of downturns in demand for products using synthetic biology, (iv) the uncertainty regarding the demand for passive monitoring programs and biosecurity services, (v) changes to the biosecurity industry, including due to advancements in technology, emerging competition and evolution in industry demands, standards and regulations, (vi) our ability to realize the expected benefits of merger and acquisition transactions, (vii) the outcome of any legal proceedings against Ginkgo, including as a result of recent acquisitions, (viii) our ability to realize the expected benefits from and the success of our Foundry platform programs, (ix) our ability to successfully develop engineered cells, bioprocesses, data packages or other deliverables, and (x) the product development or commercialization success of our customers. The foregoing list of factors is not exhaustive. You should carefully consider the foregoing factors and the other risks and uncertainties described in the “Risk Factors” section of Ginkgo’s quarterly report on Form 10-Q filed with the U.S. Securities and Exchange Commission (the “SEC”) on November 8, 2023 and other documents filed by Ginkgo from time to time with the SEC. These filings identify and address other important risks and uncertainties that could cause actual events and results to differ materially from those contained in the forward-looking statements. Forward-looking statements speak only as of the date they are made. Readers are cautioned not to put undue reliance on forward-looking statements, and Ginkgo assumes no obligation and does not intend to update or revise these forward-looking statements, whether as a result of new information, future events, or otherwise. Ginkgo does not give any assurance that it will achieve its expectations.

GINKGO BIOWORKS INVESTOR CONTACT:
investors@ginkgobioworks.com 

GINKGO BIOWORKS MEDIA CONTACT:
press@ginkgobioworks.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/ginkgo-bioworks-provides-compensation-information-related-to-recent-acquisitions-302073672.html

SOURCE Ginkgo Bioworks

Related Topics:
Continue Reading

Technology

CHiQ Wins AI Home Ecosystem Brand Award, Exploring New Smart Living Experiences Through AI Innovation

Published

30 minutes ago

on

September 5, 2026

By

BERLIN, Sept. 5, 2026 /PRNewswire/ — CHiQ, a global smart home brand, received the AI Home Ecosystem Brand Award at IFA 2026 in recognition of its continued innovation in AI technology and smart home ecosystems. The award further highlights CHiQ’s pioneering work in AI-powered smart homes and its ongoing efforts to enhance the user experience through technological breakthrough.

Presented jointly by IDG and IFA, the award is one of the technology innovation honors closely watched by the global consumer electronics and home appliance industry during IFA. It recognizes notable advances in cutting-edge AI technology across the sector, with a focus on practical innovations and applications that contribute to industry development.

“Receiving the AI Home Ecosystem Brand Award is a recognition of CHiQ’s continued exploration of AI-powered smart homes,” said Vinson Fan, Deputy General Manager of Changhong International Brand Business Center. “The value of AI should be reflected not only in the smart features of individual products, but also in understanding users’ needs and enabling different devices and scenarios to work together naturally. CHiQ will continue to deepen the integration of AI into everyday home life, making smart home technology more responsive to users and delivering more convenient, intuitive and personalized experiences to consumers worldwide.”

At this year’s IFA, CHiQ unveiled a range of flagship AI-powered smart home products across key categories, including TVs, refrigerators, washing machines and air conditioners. The RGB MiniLED AI TV features an AI Sports Platform that expands opportunities for exercising at home, while the AI refrigerator uses AI-powered precision control technology to improve food preservation. The washing machines and air conditioners employ intelligent sensing to further optimize garment care and indoor climate control.

Beyond its products, CHiQ continues to explore the intersection of technology, culture and lifestyle. The brand has incorporated panda-inspired elements into its AI interactions to engage users in a more approachable way. Through sports partnerships such as the FIS Ski Jumping World Cup, CHiQ is also connecting its brand with sports and lifestyles familiar to European consumers, further strengthening its localized brand presence.

In recent years, CHiQ has continued to advance the development and application of AI technology, extending its AI capabilities from individual products to a broader range of home appliances and everyday scenarios while steadily strengthening its technological and product innovation capabilities. Building on this award, CHiQ will further expand the role of AI in everyday home life. Through a more open ecosystem and continued technological development, the brand aims to strengthen its global presence and bring more personalized smart living experiences to consumers worldwide.

View original content to download multimedia:https://www.prnewswire.co.uk/news-releases/chiq-wins-ai-home-ecosystem-brand-award-exploring-new-smart-living-experiences-through-ai-innovation-302870186.html

Continue Reading

Technology

Cologne Regional Court Upholds Injunction Against AEKE for Infringing Speediance’s Registered Gym Monster Design

Published

30 minutes ago

on

September 5, 2026

By

Court finds AEKE’s fitness equipment infringes Speediance’s registered EU design and bars advertising, offering, or selling of the infringing equipment in Germany

SHENZHEN, China, Sept. 5, 2026 /PRNewswire/ — Shenzhen Speediance Life Tech Limited (“Speediance”), creator of the Gym Monster smart strength training system, today announced that the Cologne Regional Court (Landgericht Köln, Case No. 31 O 132/26) has upheld an interim injunction against Shenzhen Qudong Future Technology Co., Ltd. (“AEKE”) for infringing Speediance’s registered design in Germany.

Following the identification of AEKE’s disputed product at the FIBO trade fair, Speediance took prompt legal action and issued a warning letter to AEKE on April 16, 2026. On April 17, 2026, the Cologne Regional Court granted an interim injunction prohibiting AEKE from advertising, offering, or selling the disputed fitness equipment in Germany.

AEKE subsequently challenged the injunction, resulting in a hearing before the Cologne Regional Court on June 25, 2026. Following the hearing, the court upheld the interim injunction in its entirety, confirming that the original order granted on April 17, 2026 remains effective. The ruling further requires the removal of the disputed products and related marketing materials from the German market.

Speediance holds registered intellectual property for the Gym Monster and pursues intellectual property protection for its product lines in the markets where it operates. As a company built on original engineering and design, Speediance remains committed to protecting its innovations and to an industry where competition is driven by ideas, not imitation. Speediance welcomes fair competition and new ideas, but competition must take place within the framework of intellectual property protection. Speediance will continue to defend its innovations worldwide while advancing the future of smart fitness.

Speediance continues to invest in next-generation smart fitness technologies, including AI-assisted coaching, intelligent resistance systems, and personalized training experiences, with the mission to make professional-grade training more accessible.

About Speediance

Speediance is a smart fitness technology company dedicated to redefining strength training through intelligent hardware, AI-powered coaching, and connected fitness experiences. Its product portfolio includes Gym Monster, VeloNix, and Speediance Wellness+. Through continuous innovation in hardware engineering, software intelligence, and user experience design, Speediance empowers people worldwide to achieve smarter, more personalized fitness outcomes.

View original content:https://www.prnewswire.com/news-releases/cologne-regional-court-upholds-injunction-against-aeke-for-infringing-speediances-registered-gym-monster-design-302868937.html

SOURCE Shenzhen Speediance Life Tech Limited

Continue Reading

Technology

Planet Classroom Network Welcomes Climate Scientist David W. DuBois

Published

30 minutes ago

on

September 5, 2026

By

Extreme Heat. Drought. Water Scarcity. New Net Zero Speaks Episode Explores Why Climate Change Is Becoming Increasingly Local

New Mexico State Climatologist David W. DuBois tells global youth audiences that understanding local climate information is becoming one of our most important tools for protecting communities and preparing for a hotter, drier future.

NEW YORK, Sept. 5, 2026 /PRNewswire/ — The Planet Classroom Network and the Protect Our Planet (POP) Movement today announced a new episode of the acclaimed global series Net Zero Speaks featuring David W. DuBois, State Climatologist of New Mexico, Director of the New Mexico Climate Center, and Associate Professor at New Mexico State University.

Hosted by youth climate advocate Ivan Ransom, the episode explores one of the defining climate questions facing communities around the world:

How is climate change changing where you live—and what can communities do to prepare?

As prolonged drought, extreme heat, water scarcity, declining snowpack, dust storms, and worsening air quality reshape life across the American Southwest, DuBois explains why climate change is increasingly experienced through local impacts rather than distant global trends.

Throughout the conversation, DuBois discusses how trusted climate information, community planning, citizen science, and long-term resilience strategies can help communities adapt to a hotter, drier, and less predictable future. Drawing on decades of experience working with farmers, emergency planners, public health officials, educators, and policymakers, he explains why climate resilience begins with understanding what is happening at the local level.

A Leading Voice on Climate Resilience

David W. DuBois serves as State Climatologist of New Mexico and Director of the New Mexico Climate Center, where he leads statewide climate services that collect, analyze, and communicate weather and climate information supporting agriculture, water management, emergency preparedness, public health, and environmental planning.

He also chairs New Mexico’s Drought Monitoring Workgroup and serves as the state’s coordinator for the Community Collaborative Rain, Hail and Snow (CoCoRaHS) citizen science network, helping connect thousands of local weather observations with scientific research and public decision-making.

His work demonstrates how accurate climate information helps communities make better decisions before disasters occur rather than simply reacting afterward.

From Climate Data to Community Action

One of the episode’s central themes is the importance of turning climate science into practical action.

DuBois explains how earlier heat waves, prolonged drought, declining mountain snowpack, worsening dust storms, and increasing water stress are already changing how communities manage agriculture, public health, transportation, emergency response, and long-term water resources.

The conversation explores how improved weather monitoring networks, citizen science, early warning systems, and stronger communication between scientists and local communities can help people make better everyday decisions while preparing for increasingly frequent climate extremes.

Why Youth Voices Matter

For more than fifty episodes, Net Zero Speaks has connected youth climate leaders with many of the world’s foremost scientists, policymakers, engineers, economists, and environmental advocates.

Produced by the Planet Classroom Network in partnership with the Protect Our Planet (POP) Movement, the series gives young people direct access to the experts shaping the global transition toward a more sustainable future.

Each episode explores practical solutions, emerging challenges, and the latest scientific developments affecting climate action worldwide.

“Climate change may be global, but people experience it locally,” said C. M. (Cathy) Rubin, Founder and CEO of Planet Classroom. “David W. DuBois reminds us that better climate information, stronger communities, and informed citizens are among our most powerful tools for building resilience in a changing world.”

Watch the Episode

Net Zero Speaks with David W. DuBois premieres on the Planet Classroom Network YouTube channel.

Learn More

About Net Zero Speaks

Net Zero Speaks is Planet Classroom’s acclaimed climate interview series produced in partnership with the Protect Our Planet (POP) Movement. Through conversations between youth climate leaders and leading scientists, policymakers, innovators, and environmental experts, the series explores the solutions, challenges, and breakthroughs shaping the global transition toward a more sustainable future.

More than 50 episodes have been produced, giving young people direct access to the experts helping shape the future of our planet.

About the Protect Our Planet (POP) Movement

The Protect Our Planet (POP) Movement mobilizes young people worldwide to advance climate solutions, support the United Nations Sustainable Development Goals (SDGs), and protect threatened ecosystems.

Through education, storytelling, advocacy, and youth engagement, POP empowers the next generation to become active participants in building a more sustainable future.

View original content to download multimedia:https://www.prnewswire.com/news-releases/planet-classroom-network-welcomes-climate-scientist-david-w-dubois-302867621.html

SOURCE Planet Classroom Network

Continue Reading

Trending