Connect with us

Technology

Revenue Soars 44%, Basecare Medical (2170.HK) Advances Toward Global Intelligent Manufacturing

Published

on

SUZHOU, China, March 31, 2025 /PRNewswire/ — Amid frequent pro-fertility policy updates, Basecare Medical, a pioneer in the assisted reproductive IVD sector with full fertility health industry chain coverage, released its stellar 2024 performance report. The company achieved annual revenue of nearly RMB 300 million, a sharp 44% year-over-year (YoY) increase, signaling the initial success of its globalized full-industry-chain strategy and positioning it to become the most innovative player in the global assisted reproduction field. As societies grapple with fertility challenges and high childcare costs, China has integrated assisted reproductive services into its national healthcare system and accelerated childcare subsidy policies. Concurrently, the U.S. White House issued an executive order to strengthen fertility healthcare, mandating commercial insurance plans to cover in vitro fertilization (IVF) treatments and expanding fertility welfare policies. 

44% Revenue Growth: Building a Full-Industry-Chain Ecosystem in Reproductive Health 

Against a backdrop of heightened policy support for fertility, the assisted reproduction industry has entered a strategic growth phase. As a leader in the field, Basecare Medical has leveraged its first-mover advantages in genetic testing, embryo culture, andrology diagnostics, and cryopreservation to establish a closed-loop technological ecosystem across the entire assisted reproduction value chain, emerging as one of China’s few industrial-scale benchmark enterprises. 

Basecare’s 2024 financial results highlight accelerated growth and a maturing product pipeline. The company reported revenue of RMB 299 million (up 44% YoY), gross profit of RMB 136 million (up 49% YoY), and a 1.62 percentage point improvement in gross margin to 45.54%, driven by differentiated growth across core business segments. 

Genetic Lab Section: PGT Technology Matrix as Core Barrier

The genetic testing division generated RMB 160 million in revenue (up 6% YoY), with PGT-related growth sustaining a 15% rate and the ECS project surging 56%. The recent approval of the DA5000 high-throughput sequencer marked another milestone in China’s 14th Five-Year Plan R&D initiatives. Basecare’s self-developed PGT-A kit, holding China’s first Class III innovative medical device certification, retains its first-mover edge. The PGT-M kit has completed clinical registration, poised to fill the domestic gap in single-gene disorder testing, while the PGT-SR kit is in final clinical stages, expected to complete the “PGT-A+M+SR” product line by 2025. 

Embryo Lab: Localization Penetrates High-End Markets  

Revenue in the embryo lab segment soared 161% YoY to RMB 126 million. The flagship GERIⓇ time-lapse incubator, featuring the world’s only humidity-compatible time-lapse imaging system, saw explosive growth with China sales multiplying sixfold and 42 units installed in 2024. With domestic registration expected in H1 2025, production costs are projected to drop over 30%, complemented by breakthroughs in localized Gems embryo culture media. Basecare is targeting a RMB 1 billion end-market opportunity (Frost & Sullivan data) to deepen import substitution. 

Andrology & Cryopreservation: AI Redefines Industry Standards

The andrology and cryostorage division achieved breakthroughs via AI innovation. The BKA210 intelligent sperm analyzer, China’s first AI-powered real-time live sperm analysis system with regulatory approval, revolutionizes diagnostics with full assessment in three minutes. The BSG800 ultra-low temperature storage system, deployed at Guangdong Provincial Reproductive Hospital’s smart sperm bank, achieved zero-error sample storage. Basecare also formed an AI sperm detection multi-center research alliance with 18 top institutions, offering end-to-end solutions from male fertility testing to preservation. 

By synergizing “hardware + reagents + AI systems,” Basecare is evolving from a product supplier to a fertility health ecosystem platform. Its full-industry-chain capabilities, turbocharged by policy tailwinds and technological upgrades, reinforce its leadership in China’s localization wave. 

From “Made in China” to “Global Intelligent Manufacturing” 

Basecare’s breakthroughs extend beyond domestic dominance, positioning it as a global intelligent manufacturing exemplar through cross-border innovation.  

Global Supply Chain: APEC as Growth Engine

In 2024, Basecare’s Thailand production base commenced operations, enabling localized production of GERI incubators and Gelida 47 smart liquid nitrogen tanks to serve Southeast Asia and South America. Partnering with Singapore’s Rhea Labs, the company launched an integrated IVF clinic solution covering equipment, consumables, and training. With manufacturing hubs in Suzhou, Melbourne, and Thailand, Basecare’s cross-time-zone supply chain now serves over 1,000 medical institutions across 30 countries. Overseas revenue contributions rose to 35% in 2024, with Europe, North America, and Asia-Pacific sales growing 27%, 19%, and 5% YoY, respectively. Aligning with China’s Belt and Road Initiative and Thailand’s Eastern Economic Corridor, Basecare is deepening global industrial integration through technology exports and localized production. 

AI-Driven Fertility: Reshaping Assisted Reproduction

The EEVA embryo assessment system, integrated into GERI incubators and backed by over 100,000 embryo datasets, became the first FDA-approved AI tool to enhance top-tier embryo selection efficiency by 40%. Leveraging data from subsidiary Genea Biomedx’s global IVF clinics, Basecare is building an AI matrix for embryo, sperm, and oocyte analysis, aiming to launch an AI-powered embryo transfer planning system. The company is advancing toward becoming the world’s first “AI + Reproductive Health” platform, pushing the boundaries of intelligent assisted reproduction. 

Outlook: Bridging the Valuation Gap

As fertility issues rise to national policy agendas, Basecare, with its full-industry-chain capabilities, stands at the forefront of China’s pro-fertility policy. However, market valuations lag its potential: as of March 28, its TTM price-to-sales ratio of 3.66x remains in the lower historical range, undervaluing its technological moat and global positioning. 

With accelerating commercialization of innovations and IVF’s inclusion in public insurance, Basecare—already operating in over 30 countries—is poised to capitalize on rising IVF adoption and redefine global industry dynamics. As a trailblazer in China’s high-end medical manufacturing, its journey from local champion to global disruptor merits close watch.

 

View original content to download multimedia:https://www.prnewswire.com/apac/news-releases/revenue-soars-44-basecare-medical-2170hk-advances-toward-global-intelligent-manufacturing-302415468.html

SOURCE Suzhou Basecare Corporation LTD

Continue Reading
Click to comment

Leave a Reply

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

Technology

From Remote Racing to Embodied AI: Fibocom and Intedigo Bring 5G Bidirectional Data Transmission into Real-World Applications

Published

on

By

SHANGHAI, July 18, 2026 /PRNewswire/ — From July 17 to 20, Fibocom and Intedigo will jointly present a cross-regional, beyond-visual-line-of-sight (BVLOS) teleoperation demonstration at Booth H3-C408 during the World Artificial Intelligence Conference (WAIC) 2026. Visitors will be able to enter a remote driving cockpit and control a real race car located at HURA PARK in Jiading, Shanghai, steering, accelerating, and braking in real time while experiencing how 5G connectivity enables remote operation.

More than an immersive driving experience, the demonstration provides a live validation of 5G bidirectional data transmission for embodied AI teleoperation. The vehicle continuously sends live track video, vehicle status, and operating data to the remote cockpit, while control commands are transmitted back to the vehicle, creating a closed-loop teleoperation system. Stable, low-latency, and highly reliable connectivity is essential for high-dynamic maneuvers such as high-speed cornering, precision braking, and continuous lane changes.

Developed by Intedigo, the remote driving system connects a real race car with an immersive remote driving cockpit. It supports 1080p@60Hz video transmission, glass-to-glass (G2G) video latency of less than 80 ms, and control latency of less than 10 ms. The demanding racing environment magnifies differences in video continuity and control responsiveness, making communications performance directly perceptible, measurable, and verifiable.

At the joint demonstration, Fibocom’s FM160 5G module provides cellular connectivity for the system. Powered by the Qualcomm Snapdragon™ X62 5G Modem-RF System, the FM160 supports SA and NSA network architectures as well as 3GPP Release 16. On the downlink, it supports NR Carrier Aggregation (NR CA) with bandwidth of up to 120 MHz, delivering peak speeds of up to 3.5 Gbps in NSA mode and 2.5 Gbps in SA mode. On the uplink, it supports UL MIMO and delivers peak speeds of up to 900 Mbps in SA mode. These capabilities support the continuous transmission of HD video and vehicle status data, along with reliable delivery of control commands.

As embodied AI moves into factories, data centers, logistics operations, and industrial parks, robots are becoming increasingly capable of performing tasks autonomously. Yet complex environments, unexpected events, and edge cases still require Human-in-the-Loop (HITL) remote intervention to help ensure safe and reliable operation.

Daniel Liu, CEO of Intedigo, said:

“5G represents the pinnacle of human communications and the starting point of machine communications. In the past, communications connected people to people; in the future, they will connect people to robots and robots to robots. Remote racing is simply the easiest entry point for people to understand this concept. What we are truly validating is a communications system capable of supporting remote collaboration for embodied AI. HURA makes low-latency remote driving a tangible experience, while RoBOX extends this capability to robots and a broader range of intelligent terminals. Together with Fibocom, we hope to enable more machines to receive remote assistance whenever needed while remaining continuously connected and operating reliably.”

Simon Tao, VP of Wireless Solutions Business Group and General Manager of MBB BU at Fibocom, said:

“As embodied AI enters real-world industrial environments, reliable connectivity will become the foundation for telemetry feedback, remote control and operational management. Fibocom’s 5G solutions, represented by FM160, provide the cellular connectivity required for continuous on-site data transmission and reliable control command delivery. Fibocom will continue collaborating with ecosystem partners such as Intedigo to bring cellular connectivity to more robots, autonomous machines and mobile intelligent terminals, enabling embodied AI systems to stay continuously connected and respond reliably in real-world applications.”

From remote race cars to robots, unmanned equipment, and mobile intelligent terminals, 5G is evolving from connecting people to connecting machines. This joint demonstration makes the capabilities of 5G bidirectional data transmission directly perceptible, experiential, and verifiable, helping pave the way for embodied AI to scale across real-world applications.
 

About Fibocom

Fibocom, founded in 1999, is China’s first wireless communication module company listed on both the A-share and H-share markets (300638.SZ, 0638.HK). As a global leading provider of wireless communication modules and AI solutions, Fibocom leverages wireless communication and artificial intelligence as its core technologies to provide integrated hardware and software solutions that empower industry applications. These solutions accelerate the transformation from “Connect Everything” to “Intelligent Connectivity” across diverse industries.

Fibocom’s one-stop solutions encompass cellular communication, AI, automotive, and GNSS modules, as well as AI toolchains, supporting industry-side and mainstream large model integration, and providing AI Agent, global connectivity, and cloud services, driving the digital intelligence upgrades in industries such as robotics, consumer electronics, low-altitude economy, intelligent transportation, smart retail, and smart energy.

View original content to download multimedia:https://www.prnewswire.com/news-releases/from-remote-racing-to-embodied-ai-fibocom-and-intedigo-bring-5g-bidirectional-data-transmission-into-real-world-applications-302828996.html

SOURCE Fibocom Wireless Inc.

Continue Reading

Technology

DR. PHONE FIX ANNOUNCES SECOND TRANCHE CLOSING OF NON-BROKERED CONVERTIBLE DEBENTURE UNIT FINANCING

Published

on

By

/NOT FOR DISTRIBUTION TO U.S. NEWSWIRE SERVICES OR FOR DISSEMINATION IN THE UNITED STATES/

EDMONTON, AB, July 18, 2026 /CNW/ — Dr. Phone Fix Canada Corporation (“Dr. Phone Fix” or the “Company”) (TSXV: DPF) is pleased to announce that, further to its news release dated May 19, 2026 and June 24, 2026 (the “Prior News Releases”), it has closed the second tranche of its non-brokered private placement (the “Offering”) of convertible debenture units of the Company (each, a “Unit”). The Company issued 726 Units, at a price of $1,000 per Unit, for aggregate gross proceeds of $726,000. Each Unit is comprised of (i) one $1,000 principal amount unsecured convertible debenture of the Company (a “Convertible Debenture”) and (ii) 3,125 common share (“Common Share”) purchase warrants of the Company (each, a “Warrant”). Additional detail on the Offering, including terms of the Convertible Debentures and Warrants, is set out in the Prior News Releases.

In connection with the Offering, the Company paid a finder’s fee consisting of an aggregate cash fee of $50,820 and issued an aggregate of 317,625 common share purchase warrants of the Company (each, a “Finder’s Warrant”) to certain qualified arm’s length parties. Each Finder’s Warrant is exercisable to acquire one Common Share of the Company at an exercise price of $0.22 prior to the date that is 24 months from the date of issuance.

All securities issued pursuant to the Offering, including any Common Shares issuable upon conversion of the Convertible Debentures or exercise of the Warrants and Finder’s Warrants, are subject to a statutory hold period of four months and one day from the closing of the Offering, in accordance with applicable securities laws and TSX Venture Exchange (the “TSXV”) policies. 

The Offering remains subject to final acceptance of the TSXV.

This news release does not constitute an offer to sell or a solicitation of an offer to buy any of the securities described in this news release in the United States. Such securities have not been, and will not be, registered under the U.S. Securities Act, or any state securities laws, and, accordingly, may not be offered or sold within the United States, or to or for the account or benefit of persons in the United States or “U.S. Persons”, as such term is defined in Regulation S promulgated under the U.S. Securities Act, unless registered under the U.S. Securities Act and applicable state securities laws or pursuant to an exemption from such registration requirements.

About Dr. Phone Fix

Dr. Phone Fix is a national, award-winning, eco-friendly, and customer-centric leader in Canada’s cell phone and electronics repair and certified pre-owned device industry. Founded in 2019, the Company now operates 44 retail locations nationwide through a standardized and scalable operating platform designed to support consistent execution across multiple markets, delivering fast, reliable, and environmentally conscious repair services alongside a curated selection of certified pre-owned devices and premium accessories. Dr. Phone Fix maintains strong partnerships with OEMs and certified suppliers, ensuring consistently high-quality standards across its national footprint. With a focus on responsible device lifecycle management, customer service, and operational discipline, Dr. Phone Fix continues to set the benchmark for device care and resale in Canada.

www.docphonefix.com

NEITHER THE TSXV NOR ITS REGULATION SERVICES PROVIDER (AS THAT TERM IS DEFINED IN THE POLICIES OF THE TSXV) ACCEPTS RESPONSIBILITY FOR THE ADEQUACY OR ACCURACY OF THIS NEWS RELEASE.

Forward-Looking Information and Cautionary Statements

Certain information in this news release constitutes forward-looking statements under applicable securities laws. Any statements that are contained in this news release that are not statements of historical fact may be deemed to be forward-looking statements. Forward-looking statements are often identified by terms such as “may”, “should”, “anticipate”, “expect”, “potential”, “believe”, “intend” or the negative of these terms and similar expressions. Forward-looking statements in this news release include statements relating to: the final acceptance of the Offering by the TSXV; and the expected use of proceeds following the closing of the Offering. Forward-looking information in this news release is based on certain assumptions and expected future events, namely: the Company’s financial condition and development plans do not change as a result of unforeseen events; the TSXV will provide its final acceptance of the Offering; and the Company will be able to obtain the financing required in order to develop and continue its business and operations. These statements involve known and unknown risks, uncertainties and other factors, which may cause actual results, performance or achievements to differ materially from those expressed or implied by such statements, including but not limited to: the Company’s inability to obtain TSXV final acceptance for the Offering; the potential failure to complete the balance of the Offering or to raise the full anticipated gross proceeds; market conditions and investor demand for the Company’s securities; the Company’s inability to deploy the proceeds as currently intended; and general economic and market conditions. Readers are cautioned that the foregoing list is not exhaustive. Readers are further cautioned not to place undue reliance on forward-looking statements, as there can be no assurance that the plans, intentions or expectations upon which they are placed will occur. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this press release are expressly qualified by this cautionary statement and reflect the Company’s expectations as of the date hereof and are subject to change thereafter. The Company undertakes no obligation to update or revise any forward-looking statements, whether as a result of new information, estimates or opinions, future events or results or otherwise or to explain any material difference between subsequent actual events and such forward-looking information, except as required by applicable law.

 

SOURCE Dr. Phone Fix

Continue Reading

Technology

Football Tournament Season Sparks Global Social Connection Surge as 3Fun Reports Growth Across Key Markets

Published

on

By

NEW YORK, July 18, 2026 /PRNewswire/ — As the World Cup enters its final stage and fans celebrate across the globe, new data from 3Fun, the leading dating app for open-minded singles and partners, reveals that the World Cup’s impact extends far beyond the stadium. The tournament has ignited a massive surge in global social activity, with users increasingly turning to the platform to translate sporting euphoria into personal connections.

The “Celebratory Intimacy” Effect: Why Winning Drives Matching

Psychological research has long suggested that major sports victories do more than just boost national pride; they influence human biology and intimacy. Studies indicate that watching a favorite team win can temporarily elevate testosterone levels in fans, leading to a surge in sexual desire and “celebratory intimacy”. This theory is vividly reflected in 3Fun’s latest performance metrics.

Compared with the previous 20-day period, 3Fun saw a 6.13% increase in Daily Active Users (DAU) during the peak of the World Cup season (June 23 – July 12), adding more than 275,000 active participants. The platform’s “heat” was further evidenced by an additional 446,491 messages sent, while the user match rate jumped by 5.71%, resulting in nearly 50,000 new connections.

Spain and Argentina Lead the “Lust for Victory”

The data shows a direct correlation between success on the pitch and activity on 3Fun. Nations with deep football cultures and strong tournament performances saw the highest growth:

Spain: Witnessed a staggering 37.56% surge in new users.Argentina: Followed with a 26.62% increase.France & Mexico: Saw growth rates of 25.44% and 21.42% respectively.

In the U.S., cities like Houston (+8.98%) and New York (+7.45%) led the way. This trend aligns with a broader cultural shift: recent 3Fun data reveals that 69% of Americans report a growing interest in non-traditional relationships, with 77% of seekers preferring dating apps to find compatible partners.

Digital Jet-Setting: 3Fun’s “Roaming” Feature Becomes a Fan Favorite

While millions traveled for the games, many more “traveled” virtually. 3Fun’s new Roaming feature, currently in gray-scale testing, allows users to explore connections beyond their current location by virtually discovering communities in other cities.

The top 10 “Roaming” destinations during the Football Tournament  season reveal where the world’s social interest was concentrated:

Sao Paulo, Brazil (17.35% of total roaming volume)New York, USA (14.82%)Las Vegas, USA (11.37%)Los Angeles, USA (11.19%)London, UK (9.89%)Rio de Janeiro, Brazil (7.40%)Houston, USA (7.36%)Dallas, USA (7.18%)Miami, USA (6.85%)Chicago, USA (6.60%).

The dominance of Brazilian cities like Sao Paulo and Rio de Janeiro highlights a “digital pilgrimage” to the spiritual home of football, where users sought to connect with the local energy and like-minded fans.

3Fun Insight: Connection Beyond the Game

“Major global events like the World Cup bring people together far beyond the borders of the pitch,” said Daniel Morgan, 3Fun’s Director of Social Trends. “Our data shows that users aren’t just looking for scores; they are looking for meaningful, shared experiences. Whether through virtual roaming or local matching, these events create unique windows for people to explore their desires in a safe, celebratory, and inclusive community”.

Daniel further noted, “With 72% of users noticing growing acceptance of diverse relationship styles, global sports events such as the World Cup represent a moment when people feel more open to meeting others and exploring new forms of connection”.

About 3Fun: With over 10 million downloads and 3 million verified active users worldwide, 3Fun is the leading dating app for open-minded singles and partners to meet like-minded people. The platform provides a safe and inclusive space to explore ethical open relationships and polyamory, fostering community and connection without judgment. 

Disclaimer: 3Fun is not affiliated with, endorsed by, or sponsored by FIFA, the World Cup, or any official World Cup organizing body. All references to the tournament are descriptive or for informational and topical context only.

View original content:https://www.prnewswire.com/news-releases/football-tournament-season-sparks-global-social-connection-surge-as-3fun-reports-growth-across-key-markets-302828995.html

SOURCE 3Fun

Continue Reading

Trending