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Bio-Me AS Announces Appointment of Arne Materna as Co-CEO alongside Dr. Warren Flood

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Dr. Arne Materna has been appointed Co-CEO as of July 1st, 2024 to strengthen the company’s capitalization and continued commercial growth.

OSLO, Norway, Sept. 12, 2024 /PRNewswire-PRWeb/ — Bio-Me AS Announces Appointment of Arne Materna as Co-CEO alongside Dr. Warren Flood

Dr. Arne Materna has been appointed Co-CEO as of July 1st, 2024 to strengthen the company’s capitalization and continued commercial growth.Bio-Me reports strong growth for commercial microbiome test-service operations (compound annual growth rate 2021-2023 of 60%).Strong commercial growth expected to continue thanks to newly launched tests enabling skin and vaginal microbiome analysis.Bio-Me plans to explore diagnostic utility of proprietary technology for Precision Microbiome Profiling (PMP™).

Bio-Me AS appoints Co-CEO to strengthens its leadership team

Bio-Me AS a leading biotechnology company and test-service provider pioneering precision microbiome profiling solutions, today announced the appointment of Dr. Arne Materna as Co-CEO, joining Dr. Warren Flood in a shared leadership role effective July 1st, 2024. This appointment strengthens Bio-Me’s executive team as the company continues its expansion into new markets and advances towards a leading position in analytical service solutions for routine microbiome profiling.

With the Co-CEO structure, Bio-Me implements an emerging leadership model publicised by Harvard Business Review. Under the new structure, Dr. Materna will concentrate on strategy and investor relations, while Dr. Flood will ensure executive oversight over operations.

Dr. Materna is a seasoned business leader with a proven track-record in the development and commercialization of cutting-edge bioinformatics and genomic test technologies for microbiology applications. Prior to joining Bio-Me, Dr. Materna held executive and senior management roles at high growth biotech companies including Ares Genetics GmbH, CosmosID Inc. and QIAGEN. He obtained his doctorate in life sciences from the University of Konstanz, Germany, and gained expertise in microbial genetics and microbiome research as a post-doctoral fellow and laboratory leader at the Massachusetts Institute of Technology (MIT). Dr. Materna has actively supported Bio-Me as Chief Technology Officer since September 2023 and continues to serve as a valued member on Bio-Me’s Board of Directors which he joined in 2021.

Bio-Me’s proprietary platform for Precision Microbiome Profiling (PMP™) is based on highly parallelized single-plex qPCR and addresses limitations of next-generation sequencing (NGS) for specimen types with low bacterial biomass, high host DNA contamination and a need for absolute quantification. “PMP™ is optimally positioned for routine microbiome testing of skin and vaginal specimen, and we are thrilled to experience strong interest from customers advancing skincare and women’s health.” says Dr. Materna. “I am excited to support Bio-Me’s continued growth with Dr. Warren Flood in a Co-CEO tandem. Warren is a wonderful colleague and, as cofounder, ensures that Bio-Me retains a culture of innovation and operational continuity at all levels of the organization. Together with our talented team we will continue to deliver value to customers and shareholders by advancing the state of the art for routine microbiome testing.”

Since 2021 Bio-Me has steadily expanded its microbiome test portfolio and grown service revenues at a compound annual growth rate of 60%. Following successful launches of new test offerings for the accurate, fast and cost-effective characterization of the skin and vaginal microbiome, Bio-Me is currently engaging existing and new investors to secure financial runway to profitability. Another critical aim for Bio-Me’s next phase of expansion is to validate the diagnostic potential of the company’s first vaginal microbiome-test for women’s health indications.

“The human microbiome plays a critical role in health and disease, but the successful development of new interventions and treatments has been critically hampered by a lack of accurate diagnostics targeting the microbiome.” says Carl Christian Gilhuus-Moe, Chairman of Bio-Me’s Board of Directors. “We believe that Bio-Me’s proprietary PMP™ technology holds unique potential for a future application as a clinical diagnostic. Dr. Materna’s appointment as Co-CEO strengthens Bio-Me’s continued commercial growth while introducing the expertise required for translating state-of-the-art microbiological test technologies into clinical applications – a future we are excited to explore together with our partners and shareholders.”

About Bio-Me AS:

Bio-Me AS is a biotechnology company and test-service provider pioneering precision microbiome profiling for scientists conducting research into the human microbiome and for companies developing clinical and non-regulated microbiome solutions. Bio-Me’s innovative PMP™ technology enables the accurate, rapid, and cost-effective routine analysis of the gut, skin and vaginal microbiome. Based in Oslo, Norway, Bio-Me partners with leading healthcare institutions as well as pharmaceutical and consumer care companies worldwide.

Media Contact

Runar Vige, Bio-Me AS, 47 99168298, runar@bio-me.com, https://bio-me.com/

View original content:https://www.prweb.com/releases/bio-me-as-announces-appointment-of-arne-materna-as-co-ceo-alongside-dr-warren-flood-302244927.html

SOURCE Bio-Me AS

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Cash or Card? New Upgraded Points Survey Reveals How Travelers Pay Abroad

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AUSTIN, Texas, Oct. 28, 2026 /PRNewswire/ — A new Upgraded Points survey of 1,500 recent international travelers, including 1,000 Americans, finds that travelers use a mix of cash and cards abroad, but exchange rates, fees, and declined transactions can complicate purchases.

“Spending money should be the easy part of a trip abroad,” said Ryan Smith, Director of News at Upgraded Points. “But exchange rates, fees, and payment options can complicate even the simplest purchase. We wanted to learn how travelers prepare, where their plans run into trouble, and what they do when convenience and the best exchange rate move in different directions.”

Study Methodology

Upgraded Points surveyed 1,500 adults who had traveled internationally within the past 12 months, including 1,000 U.S. adults and 500 adults from other countries. Respondents answered questions about payment methods, cash habits, credit card use, airport currency exchanges, and their confidence navigating exchange rates. The results were compared to show how Americans’ payment habits differ from those of other international travelers.

Payment Planning Often Starts Months Before a Trip

Nearly one-third (32%) begin planning how they’ll pay abroad three to six months before departure. U.S. travelers are more likely than non-U.S. travelers to start earlier, with 20% beginning more than six months ahead, compared with 12% of non-U.S. travelers.

Travelers’ Confidence in Exchange Rates Varies

Just 35% of respondents said they feel very confident understanding exchange rates abroad. Confidence also varied by age and gender:

44% of men feel very confident, compared with 26% of women.28% of Gen Z travelers feel very confident, compared with 40% of Gen X travelers and 37% of Baby Boomers.

Cash and Cards Remain Popular Abroad

Cash in the local currency and physical credit cards were nearly tied as the payment methods travelers most often use abroad. Mobile wallets were more popular among younger travelers:

71% use cash in the local currency.69% use a physical credit card.44% use a mobile wallet, including 56% of Gen Z travelers and 22% of travelers age 61 and older.35% use a physical debit card.

Most Travelers Carry Local Currency

More than 8 in 10 travelers (81%) carry cash in the destination’s currency, often for situations where cards may not be accepted:

64% use it at street vendors, markets, or small businesses.55% use it for tips and other customary cash payments.53% carry it for emergencies.

Travelers generally avoid carrying a large amount at once. About 44% exchange enough cash for several days, while 26% exchange enough for the full trip.

Familiar Card Brands Lead Among U.S. Travelers

Among U.S. respondents, Visa was the most commonly used card network, while Chase and Capital One were the most commonly used issuers:

Visa: 24%Chase: 21%Capital One: 19%American Express: 15%

Fees and Declined Cards Can Complicate Purchases

Among all respondents, travelers most often said their bank or card company contacted them about a purchase made abroad. Other issues increased the cost of a purchase or prevented it from going through:

38% were contacted by their bank or card company about a purchase.34% paid more than expected because of the exchange rate.29% were charged an unexpected foreign transaction fee.26% had a card declined.

Find the full study here.

About Upgraded Points LLC

Headquartered in Austin, Texas, Upgraded Points is a travel company that helps to demystify the complex world of travel and credit cards. Launched in 2016 by Alex Miller, Upgraded Points uses targeted research efforts and in-depth studies to help travelers maximize their travel, points, and experiences. Learn more at www.UpgradedPoints.com.

Media Contact:
Alex Miller, Founder
1-214-646-8866
425187@email4pr.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/cash-or-card-new-upgraded-points-survey-reveals-how-travelers-pay-abroad-302922010.html

SOURCE Upgraded Points

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ESI supplying solar array components to missile defense programs

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SIMI VALLEY, Calif., Oct. 28, 2026 /PRNewswire/ — ESI Motion Inc. is proud to announce that it is supplying the Solar Array Drive Electronics (SADE) to Lockheed Martin for its work on the Space Development Agency’s Proliferated Warfighter Space Architecture (PWSA) programs.

Under the agreement, ESI Motion’s SADE technology will support SDA as the PWSA is developed.

Defending our nation in space is more important than ever. The Space Development Agency’s PWSA programs provide the military with a network of satellites with secure communication, missile tracking and space-based support to make sure our troops have the latest and greatest technology.

The SADE consists of our Space-rated, flight heritage, SuperNova and Pulsar motor controllers. These motion controllers ensure all mission parameters are fulfilled, with high-reliable technology. 

ESI Motion Inc., U.S. Company, is a trusted supplier and partner, supporting mission operations for space, military and industrial customers around the world for over 20 years. Please visit our website; www.esimotion.com

Mitchell Haerterich, mhaerterich@esimotion.com

View original content to download multimedia:https://www.prnewswire.com/news-releases/esi-supplying-solar-array-components-to-missile-defense-programs-302922454.html

SOURCE ESI Motion

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Envoy AI Launches “Boss of Machines” Program to Develop the Next Generation of Freight Leaders

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New AI Operations Lab will provide college students with hands-on experience in freight technology, operational transformation, and a $2,500 scholarship.

CHATTANOOGA, Tenn., Oct. 28, 2026 /PRNewswire-PRWeb/ — Envoy AI, the AI Native platform behind logistics autonomous agent system and execution layer Ellie, today announced the launch of Boss of Machines: AI Operations Lab, a new internship and scholarship program designed to prepare the next generation of logistics professionals for an industry increasingly shaped by artificial intelligence and digital labor.

The people starting their careers in freight now are going to spend a lot of their day managing agents. Somebody has to be the boss of those machines. We named the program after that job because it’s the one brokerages are going to be hiring for.

The program was introduced by Envoy AI CEO Robby Nathan during his fireside chat at FreightWaves’ F3: Future of Freight Festival on October 27.

“Freight has always been a people business, and that isn’t changing,” said Robby Nathan, Envoy AI CEO. “What is changing is how the work gets done. We want students to understand that shift firsthand. There’s a big difference between learning about AI in a classroom and seeing what it takes to put it to work in a real operation. Our goal is to give them that experience and help prepare them to become the leaders this industry will need.”

Launching in spring 2027, the three-month program will select two college juniors or seniors for an immersive experience working directly with Envoy AI’s product, engineering, and operations teams. Participants will gain firsthand exposure to how AI technology is developed, implemented, and used to solve real operational challenges across the freight industry.

Preparing Students for a Changing Industry

As freight companies adopt AI to automate routine work, improve productivity, and scale operations, the skills future logistics leaders need are evolving.

The Boss of Machines program bridges the gap between classroom education and the practical experience needed to lead technology-enabled operations.

Students will participate in four areas of learning:

Building AI for Operations: Understanding how AI agents are developed and applied to freight workflows.Deploying Digital Labor: Learning how new technology is integrated into existing systems, implemented with customers, and adopted by operational teams.Measuring Operational Performance: Exploring the role of analytics, productivity, and return on investment in evaluating technology initiatives.Leading Modern Freight Operations: Developing an understanding of how people and AI agents work together to manage and execute freight operations.

Investing in the Next Generation

The initiative reflects Envoy AI’s commitment to developing talent and giving students meaningful exposure to the technology and operational practices shaping the future of transportation.

“About 75% of the freight in our live accounts is already booked through Ellie, and that changes the job a new hire walks into,” said Nathan. “The people starting their careers in freight now are going to spend a lot of their day managing agents. That takes someone who can tell when a rate doesn’t make sense for the lane, and who’ll catch a carrier about to fall off before the shipper ever hears about it. Somebody has to be the boss of those machines. We named the program after that job because it’s the one brokerages are going to be hiring for.”

Throughout the program, students will work alongside experienced industry professionals, gaining exposure to product development, customer implementations, operational workflows, and the business decisions involved in deploying AI at scale.

Upon successful completion of the three-month program, each participant will receive a $2,500 scholarship to support their fall 2027 studies.

Applications and Program Timeline

The inaugural Boss of Machines: AI Operations Lab will welcome two students for the spring 2027 semester.

The program is open to college juniors and seniors interested in logistics, supply chain management, technology, engineering, business operations, and related fields.

Applicants will be asked to share their interests, relevant experience, and perspectives on how technology can improve freight operations.

Envoy AI will announce selected participants in January 2027, ahead of the spring program kickoff.

Additional program details and application information will be available through Envoy AI’s website.

About Envoy AI

Envoy AI develops AI-powered digital labor solutions for freight and logistics operations. Through its AI workforce, Ellie, the company helps logistics teams automate operational workflows, improve productivity, and execute freight processes across existing transportation systems. Envoy AI helps transportation organizations scale operations through practical AI applications.

Media Contact

Michelle McBride, Envoy AI, 1 972-821-2012, michelle@tryenvoy.ai, tryenvoy.ai

View original content:https://www.prweb.com/releases/envoy-ai-launches-boss-of-machines-program-to-develop-the-next-generation-of-freight-leaders-302922133.html

SOURCE Envoy AI

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