Neoleukin Therapeutics Inc
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*Nasdaq FSI: *Deficient: Issuer Failed to Meet NASDAQ Continued Listing Requirements

Health Care : Biotechnology | Small Cap Value
Company profile

Neoleukin Therapeutics, Inc. is a biopharmaceutical company. The Company is engaged in providing immunotherapies for cancer, inflammation, and autoimmunity using de novo protein design technology. The Company's lead product candidate, NL-201, is an interleukin-2 (IL-2)/ interleukin-15 (IL-15) immunotherapy designed to eliminate binding to the alpha subunit of the IL-2 receptor (also known as CD25) while enhancing binding to the beta and gamma subunits. NL-201 is designed to mimic the therapeutic activity of the cytokines IL-2 and IL-15 for the treatment of various types of cancer, including renal cell carcinoma (RCC), melanoma and hematological malignancies. Its Neoleukin platform uses a set of advanced computational algorithms and methods to design functional de novo proteins. NL-201 holds promise in combination with cell therapy to expand and maintain populations of transplanted CAR-T and natural killer (NK) cells.

Closing Price
$0.59
Day's Change
0.00 (0.00%)
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B/A Size
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Volume
(Light)
Volume:
40,499

10-day average volume:
60,091
40,499

HONEYWELL AND NEXCERIS WORK TO IMPROVE SAFETY FOR ELECTRIC VEHICLES

8:30 am ET December 1, 2022 (PR Newswire) Print

-- Honeywell battery sensors and gas detection monitoring portfolio and manufacturing expertise combined with Li-ion Tamer gas detection solutions will address electric vehicle thermal runaway, one of the primary risks which can cause vehicle failure and fires

Honeywell (Nasdaq: HON) announced today it is expanding its strategic alliance with Nexceris, developer of Li-ion Tamer(R) lithium-ion gas detection solutions, to help make electric vehicles (EVs) safer. Honeywell and Nexceris will co-develop sensor based solutions to help prevent conditions leading to thermal runaway in EV batteries, a phenomenon that causes extremely high temperatures within the battery cell and can result in a fire.

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Several industries are moving to electrified power sources, and for the automotive industry specifically, global sales of EVs doubled in 2021 from the previous year to nearly 7 million.1 Many of these vehicles today use lithium-ion batteries as an energy source, which can pose rare but significant safety risks including fires that can impact drivers on the road, homeowners who may have EVs parked in their garages and shipping handlers transporting EVs to their final destinations. To help mitigate these risks, automobile manufacturers are looking to incorporate technology to provide enhanced safety.

"As the world transitions to electric powered vehicles, automakers are faced with the need to provide lithium-ion batteries that function properly and safely during all stages of their lifecycle. At Honeywell, we are supporting this transition with ready-now solutions to help our customers mitigate safety risks as they expand their electric vehicle portfolios," said Victor Verissimo, general manager of the Transportation line of business of Honeywell Sensing and Safety Technologies. "Furthermore, by collaborating with Nexceris to develop an enhanced suite of battery monitoring sensors, we will help automotive manufacturers strengthen their battery health monitoring systems with the ability to detect thermal runaway conditions even earlier."

The companies will collaborate with leading global vehicle manufacturers to deliver advanced gas detection solutions in EV battery packs to allow for early intervention, helping avoid costly property damage and safety issues.

"Our work with Honeywell will help us empower the global transition to electric vehicles through enhanced battery monitoring," said Kyle Shen, president and CEO, Nexceris. "Fires from lithium-ion batteries are dangerous and often difficult to contain after they start. By combining our shared expertise in battery sensing and gas detection technology with Honeywell's extensive manufacturing capabilities, we will be working toward offering our vehicle manufacturing customers a more advanced safety solution and meeting the growing demand for lithium-ion batteries."

Honeywell offers a wide range of lithium-ion battery safety and performance solutions, including sensors used in battery management systems to monitor the health of EV batteries, gas detection solutions used throughout the manufacturing process and electrical safety personal protective equipment, providing protection to workers and allowing them to operate safely in hazardous conditions. In 2020, Honeywell and Nexceris formed its strategic alliance to address lithium-ion battery system safety for energy storage applications, combining Honeywell's very early warning smoke detection and Li-ion Tamer's leading off-gas detection technology for a safe, redundant way to protect facilities of any scale.

The Li-ion Tamer (https://liiontamer.com/) products were developed by Nexceris. Nexceris is an energy innovation company dedicated to the clean energy transition. Founded in 1994, Nexceris' vision is to create a better world through clean energy innovations. The company collaborates with global customers and partners to transform powerful ideas to make energy production safer, more efficient, and environmentally responsible. Learn more at nexceris.com.

Honeywell Safety and Productivity Solutions (SPS) provides products, software and connected solutions that improve productivity, workplace safety and asset performance for our customers across the globe. We deliver on this promise through industry-leading mobile devices, software, cloud technology and automation solutions, the broadest range of personal protective equipment and gas detection technology, and custom-engineered sensors, switches and controls. For more information, please visit: sps.honeywell.com.

Honeywell (www.honeywell.com) delivers industry-specific solutions that include aerospace products and services; control technologies for buildings and industry; and performance materials globally. Our technologies help aircraft, buildings, manufacturing plants, supply chains, and workers become more connected to make our world smarter, safer, and more sustainable. For more news and information on Honeywell, please visit www.honeywell.com/newsroom.

 1https://www.iea.org/reports/global-ev-outlook-2022/executive-summary

Contact:Caroline Szyperskicaroline.Szyperski@honeywell.com

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View original content to download multimedia:https://www.prnewswire.com/news-releases/honeywell-and-nexceris-work-to-improve-safety-for-electric-vehicles-301689951.html

SOURCE Honeywell

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