antaranusa.com | berita nusantara internasional

Rhenus to Further Strengthen Warehousing Solutions in the Philippines

Fri, 17 Jul 2026 08:40:00 +0700

Rhenus Philippines aims to develop modern warehouse infrastructure and improve in-country operational efficiency, elevating the quality of warehousing services through enhanced processes, technology-enabled fulfillment, and streamlined logistics.

MANILA, PHILIPPINES - Media OutReach Newswire - 16 July 2026 - In a market shaped by growing consumer demand and evolving logistics requirements, Rhenus is providing warehousing services to leading technology companies such as Bosch Philippines.

Rhenus provides sustainable warehousing services, including storage, handling, fulfillment and value-added services that support local operations. The service for customers also includes the use of a fully electric Material Handling Equipment (MHE) fleet, as well as established warehouse processes designed to minimize waste.

The engagement reflects the continued commitment which Rhenus has to supporting customers in the Philippines through modern warehousing capabilities and reliable logistics operations.

Marcus Fornell, Regional Head of Rhenus Warehousing Solutions in APAC, said, "Strategic collaborations are a key part of our regional strategy to actively expand our footprint and product portfolio. With logistics needs in the Philippines continuing to evolve, we look forward to pursuing active growth and setting new standards for logistics solutions in the markets that we are in."

As part of its continued investment in the country, Rhenus recently opened a new warehouse facility in Para?aque and established a new head office in Pasay.

"Rhenus is committed to continually investing in the Philippines as we strengthen our local logistics capabilities. This marks another step in supporting the market's evolving needs through reliable operations, modern facilities, and solutions tailored to customers in the country," added Deepak Sharma, Managing Director of Rhenus Warehousing Solutions Philippines.

Rhenus is recognized by the Bosch Group as a "Preferred Supplier" for overland services. Bosch confers this status on companies and service providers that have consistently demonstrated outstanding performance over an extended period within their respective fields.

Ricardo Almeida, Global Strategic Account Manager at Rhenus said, "Our longstanding business relationship with Bosch reflects our shared focus on operational excellence and reliable logistics support. As supply chains continue to evolve globally, and as markets such as the Philippines become increasingly important in regional growth, we remain focused on delivering reliable and efficient logistics solutions tailored to local business needs."

Hashtag: #Rhenus

The issuer is solely responsible for the content of this announcement.

"Achievements of National Aerospace Endeavours" Thematic Exhibition Makes First Stop at Hong Kong Science Park

Fri, 17 Jul 2026 08:34:00 +0700

HKSTP Advances AI Industry with Tech Delegation at WAIC 2026

HONG KONG SAR - Media OutReach Newswire - 16 July 2026 - To celebrate the 105th anniversary of the founding of the Communist Party of China, Hong Kong Science and Technology Parks Corporation (HKSTP) today held the "Achievements of National Aerospace Endeavours" Thematic Exhibition Kick-off Ceremony cum Aerospace Experts Sharing Forum at Hong Kong Science Park, marking the opening of a seven-day roving exhibition.

At the first stop of the roving exhibition, Hong Kong Science Park will host the exhibition at the Atrium Link from today until 22 July 2026, showcasing the nation's major achievements in aerospace development, as well as the participation and contributions of Hong Kong's research community in aerospace technology, space robotics and deep space exploration. It aims to enhance public understanding of the nation's development and foster a stronger sense of pride, while inspiring young people to develop an interest in innovation and technology (I&T) and aerospace.

The ceremony was officiated by Professor Sun Dong, Secretary for Innovation, Technology and Industry, together with Ms Cordelia Chung, Chairman of HKSTP, and Ms Connie Wong Wai-ching, Standing Committee Member of the National Committee of the Chinese People's Political Consultative Conference (CPPCC), and Vice President of the Friends of Hong Kong Association, alongside other distinguished guests, witnessing a new milestone in the nation's aerospace achievements.

Professor Sun Dong, Secretary for Innovation, Technology and Industry, said in his remarks: "The inspiring story of Dr Lai Ka-ying becoming Hong Kong's first astronaut is a vivid example of Hong Kong's participation in the nation's major scientific and technological missions, and a fruitful achievement of the great practice of 'one country, two systems.' Hong Kong's R&D teams have long participated in and made active contributions to the nation's deep-space exploration missions. For example, a team from the Hong Kong University of Science and Technology independently developed the Multi-Spectral Imaging Carbon Observatory (MUSICO), Hong Kong's first scientific payload on the national space station to monitor greenhouse gas. Recently, Dr Lai and two other astronauts completed the in-cabin assembly and testing and extravehicular installation of MUSICO, which can accurately monitor greenhouse gases across the mid- and low-latitude regions on the Earth, providing critical data for the nation's carbon peaking and carbon neutrality strategies. As we embark on a new journey, we must leverage I&T to empower Hong Kong's social development, enhance governance efficiency, and better integrate into and serve the nation's development. We will also uphold the spirit of space exploration of perseverance in the face of challenges to accelerate the development of Hong Kong into an international I&T centre."

Connecting Hong Kong's Research Strength with National Aerospace Development

In recent years, the nation's aerospace endeavours have continued to make breakthroughs in areas ranging from deep-space exploration and satellite technology to space science research, opening up new possibilities across multiple scientific disciplines.

Leveraging its world-class universities, outstanding research talent, internationalised innovation ecosystem, and the unique advantage of close ties with the Mainland, Hong Kong is actively contributing to the development of the nation's aerospace technology.

The exhibition presents the development and landmark achievements of the nation's aerospace endeavours. It also demonstrates how Hong Kong research teams apply artificial intelligence (AI), robotics, space science and engineering research to support space exploration and related technology applications. Through this exhibition, industry stakeholders and members of the public can gain a deeper understanding of the city's research capabilities and I&T talent.

Ms Cordelia Chung, Chairman of HKSTP, said, "This year marks the beginning of the nation's 15th Five-Year Plan, with aerospace technology identified as a key area in building the nation into a leading science and technology power. Dr Lai Ka-ying, Hong Kong's first payload specialist, travelled into space aboard the Shenzhou-23 spacecraft, realising Hong Kong's aerospace dream and demonstrating strong recognition of the city's research capabilities and I&T talent. HKSTP is honoured to serve as the first stop of the 'Achievements of National Aerospace Endeavours' roving exhibition. Looking ahead, we will continue to bring together talent and foster interdisciplinary, cross-regional and cross-sector collaboration. By supporting frontier R&D in areas such as aerospace technology, we aim to provide a broader platform for Hong Kong's research talent and contribute Hong Kong's strengths to the nation's aerospace endeavours and pursuit of greater technological self-reliance."

Ms Connie Wong, Standing Committee Member of the National Committee for the Chinese People's Political Consultative Conference (CPPCC), and Vice-President of Friends of Hong Kong Association, shared in her speech: "We believe that the cultivation of young talent is indispensable to technological innovation. Based on this philosophy, Friends of Hong Kong Association co-organised the Achievements of National Aerospace Endeavours Thematic Exhibition, encouraging the next generation to pursue careers in science and innovation and to be contributors to the nation's I&T endeavours."

Three Experts Share Insights on Frontier Trends in Space Technology

An Aerospace Experts Sharing Forum was held alongside the kick-off ceremony. Moderated by The Honourable Mr Duncan Chiu, Legislative Council Member for the Technology & Innovation Functional Constituency, the forum brought together three aerospace and space technology experts from local universities and the InnoHK research and development platform:

*Professor SU Hui: Chair Professor of the Department of Civil and Environmental Engineering, Global STEM Professor, and Co-Director of the Institute for Space Science and Technology at The Hong Kong University of Science and Technology, and Founder of Stellerus Technology

*Professor GAO Yang: Director of the Center for Artificial Intelligence and Robotics for Space Sustainability, Co-Director of the Institute for Space Science and Technology at The Hong Kong University of Science and Technology, and Director of the Hong Kong Space Robotics and Energy Centre under InnoHK

*Professor WU Bo: Chang Xin Yu Professor of Space Science, Associate Director of the Research Centre for Deep Space Explorations at The Hong Kong Polytechnic University, and Associate Director of the InnoHK Hong Kong Centre for Space Robotics and Energy

Drawing on their respective areas of expertise, the three experts shared insights into the application of AI and robotics in space missions, key technologies involved in deep-space exploration, and the experience of Hong Kong research teams participating in national aerospace projects. They also explored space sustainability, the commercialisation of research outcomes and cross-regional collaboration, while encouraging young talent to pursue opportunities in aerospace technology.

HKSTP Leads Hong Kong Tech Firms to the World's Largest AI Exhibition - WAIC 2026, Strengthening the AI Commercialisation Ecosystem

HKSTP has long supported the accelerated adoption of AI across industries to foster cross-sector collaboration and enhance productivity.

HKSTP, together with the Hong Kong Trade Development Council (HKTDC), Cyberport, and Hong Kong-Shenzhen Innovation and Technology Park Limited (HSITP), will lead a delegation of 18 Hong Kong tech companies to the 2026 World Artificial Intelligence Conference & High-Level Meeting on Global AI Governance (WAIC 2026). Taking place from 17 to 20 July at the Shanghai World Expo Exhibition and Convention Center, the delegation will showcase Hong Kong's growing role as a global AI innovation hub and support the nation's AI strategy. Six HKSTP park companies among the delegation will present solutions spanning humanoid robots, smart mobility, climate technology, AI agents, and generative AI.

Stellerus Technology Limited, founded by Professor SU Hui, leading the "MUSICO" (Multi-Spectral Imaging Carbon Observatory) project - Hong Kong's first payload project deployed on the Tiangong Space Station - will present its latest AI-powered climate and meteorological solutions at WAIC 2026.

SUTPC Digital Technology (Hong Kong) Limited, a leading enterprise in the nation's smart city and intelligent transport sectors, and NineRay Technology Limited, which specialises in the research, development and production of high-performance, productivity-oriented humanoid robotics, will also showcase their advanced solutions in the exhibition. By demonstrating how AI can empower business operations, urban governance and sustainable development, the Hong Kong delegation aims to promote human-AI collaboration and innovation.

"Achievements of National Aerospace Endeavours" Thematic Exhibition

Date: 16?22 July 2026

Venue: Atrium Link, Hong Kong Science Park

2026 World Artificial Intelligence Conference & High-Level Meeting on Global AI Governance (WAIC)

Date: 17?20 July 2026

Venue: Shanghai World Expo Exhibition and Convention Center, Shanghai, China

Hong Kong Pavilion: Booth E101, Hall 2

Appendix: WAIC 2026 - List of 6 HKSTP tech entities (in alphabetical order)

JiHu GitLab Technology Limited

KNQ Technology Limited

NineRay Technology Limited

Robocore Technology Limited

Stellerus Technology Limited

SUTPC Digital Technology (Hong Kong) Limited

Hashtag: #HKSTP

The issuer is solely responsible for the content of this announcement.

2026 Hainan Island Carnival Sends a Global Summer Invitation

Fri, 17 Jul 2026 08:31:00 +0700

HAIKOU, CHINA - Media OutReach Newswire - 16 July 2026 - As midsummer arrives in the Northern Hemisphere, Hainan, China, welcomes its annual island-wide carnival. The 2026 (27th) Hainan Island Carnival will be held from July 18 to August 18, extending a vibrant summer invitation to guests from around the world.

With the theme "Vibrant Free Trade Port, Charming Hainan Island," this year's carnival will present more than 50 distinctive events across the island, blending ocean thrills, rainforest wonders, millennia-old cultural heritage, signature cuisine, and dazzling nighttime light shows.

Unlike traditional island holiday models, this year's carnival breaks free from the spatial limits of conventional scenic spots, introducing a brand-new concept of "the whole island as a carnival." Four featured thematic segments debut with innovative offerings: water sports, joyful performances, gourmet flavors, and trendy shopping. Catering to outdoor adventurers, cultural enthusiasts, family travelers, and food lovers alike, the carnival offers a fully tailored vacation experience-ensuring every guest discovers their own unique island delight.

During the carnival, Hainan's entire island will come alive in synergy, with highlights unfolding everywhere. In Sanya and Lingshui, romance by the sea sets the tone, with beach music festivals and island art exhibitions bringing to life a laid-back yet passionate summer atmosphere. In Wanning and Qionghai, the spotlight is on trendy outdoor pursuits, with surfing adventures and island cycling events taking center stage one after another. In the central rainforest region, the focus is on wellness and slow living. Activities such as rainforest trekking and immersive Li and Miao cultural experiences invite visitors to escape the bustle of the city and encounter the pristine beauty of nature. In Danzhou's Haihua Island on the western coast, the grand carnival will conclude with a spectacular mass chorus carnival, bringing the entire celebration to a resounding finale.

Meanwhile, a grand culinary carnival unfolds across Hainan, with coastal specialty markets, Southeast Asian-style food streets, and rainforest-themed dining experiences spread throughout the island's cities and counties. Fresh seafood, authentic local snacks, and a dazzling array of Southeast Asian flavors set the stage, while a starry beachside gala dinner-rich in atmosphere-brings together ocean views, gourmet cuisine, and live music for an immersive holiday experience.

For international visitors, Hainan continues to expand its openness: citizens of 86 countries enjoy visa-free entry with a 30-day stay, while international routes at Haikou and Sanya airports are steadily increasing, making the island directly accessible from many global destinations with efficient and convenient travel. To further enhance the inbound holiday experience, this year's carnival upgrades exclusive benefits for international visitors, offering multilingual guided tours, exclusive discounted flight & hotel packages, and special duty-free promotions-delivering a wealth of benefits across the island.

The issuer is solely responsible for the content of this announcement.

Trends Report 2026: AI, subscriptions and digital payments reshape Asia Pacific e-commerce

Fri, 17 Jul 2026 08:28:00 +0700

New DHL eCommerce survey reveals gap between AI usage and trust, rising demand for subscription models, as well as openness towards more digital payment options

HANOI, VIETNAM - Media OutReach Newswire - 16 July 2026 - E-commerce across Asia Pacific is entering a new phase of maturity, as both online shoppers and businesses rapidly adopt modern technologies. Three forces are reshaping the region's digital marketplace: rising demand for AI-driven shopping experiences, growing appetite for subscription models and expanding payment flexibility.

This is according to DHL eCommerce's latest global survey conducted among online shoppers and businesses from Australia, China, India, Malaysia and Thailand.

"As digital lifestyles continue to evolve across Asia Pacific, innovation in e-commerce will accelerate in ways we cannot fully predict today," said Pablo Ciano, CEO of DHL eCommerce. "What is clear is that shopper expectations will continue to rise. A seamless, intuitive and personalized experience remains fundamental to engaging customers. But the real opportunity lies in bridging any gaps, particularly around trust, convenience and choice for long-term loyalty."

AI adoption surges but gap remains between usage and trust

Across Asia Pacific, AI adoption is already gaining traction among both shoppers and businesses. Around 40% of shoppers have used AI-powered tools such as chatbots and virtual assistants for customer service or to obtain recommendations as part of their online shopping journey. This number is set to rise with another 37% stating that they would like to use AI tools in the future for these purposes, highlighting a strong appetite for more personalized and intuitive experiences.

Businesses show strong adoption, with 80% indicating that they are currently using AI across their e-commerce platforms. In particular, the top two business use cases of AI are to offer personalized and tailored recommendations to their online customers, and to conduct product reviews or image comparison. In fact, digitally fluent customers and advanced commercial ecosystems are underlying determinants of Asia Pacific businesses' strong ability to lead the development of agentic commerce.

Looking ahead, companies overwhelmingly expect AI usage to increase further over the next five years, particularly across forecasting of future trends, virtual try-ons, and fraud detection.

However, a clear gap between trust and usage towards AI is emerging. While shoppers are actively using AI tools today, their willingness to let AI make purchasing decisions remains mixed, with concerns around privacy and accuracy cited by 62% and 50% of respondents, respectively. Their concerns are also mirrored among businesses.

Subscription models gain momentum, especially for delivery and returns

Demand for subscription-based shopping experience is growing across Asia Pacific, with a large majority of respondents indicating that they already hold at least one product subscription. Among them, 35% have three or more product subscriptions. Discounted or preferential pricing as well as loyalty rewards are the top two motivators of product subscriptions.

Additionally, intent is rising sharply particularly for logistics-related subscriptions. Across the region, 61% of shoppers in Australia, 32% in China, 52% in India, 47% in Malaysia, and 42% in Thailand say that they subscribe to at least one delivery and returns program. There is also a likelihood that more will be a "logistics-subscription convert" as one in two reported that they would consider subscribing to one over the next five years.

Correspondingly, 71% of Asia Pacific businesses already offer a subscription-based delivery and returns model, and 21% intend to do so within the next five years. Such models are expected to focus on benefits such as discounted pricing, priority service, greater flexibility and loyalty rewards, aligning closely with shopper motivations.

Payments expand to meet demand for speed, choice and convenience

Payment ecosystems across the Asia-Pacific region are evolving rapidly, with strong alignment between consumer preferences and business offerings. Shoppers across the region continue to transact online using credit/debit cards and digital wallets, while adoption of newer options such as Buy Now Pay Later (BNPL), cryptocurrency and biometric authentication is steadily increasing. This trend is particularly pronounced in markets such as China, India, Malaysia, and Thailand, where mobile-first commerce is driving the growth of digital payment solutions.

Fueled by a mobile-first consumer base, Asia Pacific businesses are already offering a range of payment methods, including digital wallets, BNPL, and biometric checkout, with the aim of reducing checkout friction and improving conversion rates.

About the DHL eCommerce Trends Report 2026

The DHL eCommerce Trends Report 2026 surveyed 29,000 consumers and 5,800 businesses across Europe, North America, Asia-Pacific, Latin America, the Middle East, and Sub-Saharan Africa. By combining shopper and business perspectives into a single unified view, the report provides practical insights to help e-commerce brands respond to evolving operational demands.

DHL ? The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management. With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world".

DHL is part of DHL Group. The Group generated revenues of approximately 82.9 billion euros in 2025. With sustainable business practices and a commitment to society and the environment, the Group makes a positive contribution to the world. DHL Group aims to achieve net-zero emissions logistics by 2050.

The issuer is solely responsible for the content of this announcement.

Hashtags: #DHLeCommerce #ecommercetrends #digitalpayments #AI #subscriptions

Launch ceremony of third edition of Hong Kong Fashion Fest Held on July 9

Fri, 17 Jul 2026 08:24:00 +0700

HONG KONG SAR - Media OutReach Newswire - 16 July 2026 - Presented by the Government of the Hong Kong Special Administrative Region, spearheaded and sponsored by the Cultural and Creative Industries Development Agency (CCIDA) of the Culture, Sports and Tourism Bureau, the launch ceremony of the third edition of Hong Kong Fashion Fest was held on July 9 at the Hong Kong Museum of Art. The Secretary for Culture, Sports and Tourism, Miss Rosanna Law, and representatives of the organisers of the programmes officiated at the ceremony.

Speaking at the ceremony, Miss Law announced that this year's Hong Kong Fashion Fest will make its much-anticipated return from September 1 to 14 under the theme "Rhythm of the Heart". The event will bring together eight flagship programmes curated by six industry bodies and, for the first time, will be combined with CENTRESTAGE -- the annual fashion extravaganza organised by the Hong Kong Trade Development Council (HKTDC) -- to generate stronger synergies. She added that the Government will continue to work together with the industry to help Hong Kong's fashion industry shine on the international stage.

This edition of Hong Kong Fashion Fest continues to be spearheaded by CCIDA, in collaboration with the HKTDC, the Hong Kong Design Centre, the Clothing Industry Training Authority, the Hong Kong Fashion Designers Association, the Hong Kong Fashion Council, and the Hong Kong Design Institute. The rich variety of events spans haute couture, cross-regional menswear, denim culture, sustainable design and more. During the two-week Fashion Fest, Hong Kong will be transformed into a dazzling stage for embracing Eastern and Western fashion cultures and fostering creative exchanges, not only showcasing the creative power of emerging local and international fashion designers, but also sharing the vibrant energy of Hong Kong's fashion with the public and fashion enthusiasts worldwide.

Since its inauguration in 2024, the Hong Kong Fashion Fest has developed into an annual fashion mega event over the past two years through introduction of new elements and strengthening of international crossover collaborations, bringing top-tier global fashion talents and industry elites to Hong Kong and help local fashion designers develop local and outside markets. For more detailed information and the latest updates on Hong Kong Fashion Fest, please visit the official website (www.hongkongfashionfest.com), or follow the official social media channels on Instagram (www.instagram.com/hkfashionfest), Facebook (www.facebook.com/hongkongfashionfest) and YouTube (www.youtube.com/@hkfashionfest).

About Cultural and Creative Industries Development Agency (CCIDA)

The Cultural and Creative Industries Development Agency (CCIDA), formerly known as Create Hong Kong (CreateHK) since 2009, was established in June 2024. CCIDA is a dedicated office under the Culture, Sports and Tourism Bureau of the Government of the Hong Kong Special Administrative Region (HKSAR Government) to provide one-stop services and support to the cultural and creative sectors with a mission to foster a conducive environment in Hong Kong to facilitate development of the arts, culture and creative sectors as industries. CCIDA's strategic foci are nurturing talent and facilitating start-ups, exploring markets, promoting cross-sectoral and multi-disciplinary collaboration, promoting industrialisation of the arts, culture and creative sectors under the industry-oriented principle, and fostering a creative atmosphere in the community, thereby reinforcing Hong Kong as Asia's creative capital and our positioning as the East-meets-West centre for international cultural exchange.

Disclaimer: The Government of the Hong Kong Special Administrative Region provides funding support to the project only, and does not otherwise take part in the project. Any opinions, findings, conclusions or recommendations expressed in these materials/events (or by members of the project team) are those of the project organisers only and do not reflect the views of the Government of the Hong Kong Special Administrative Region, the Culture, Sports and Tourism Bureau, the Cultural and Creative Industries Development Agency, the CreateSmart Initiative Secretariat or the CreateSmart Initiative Vetting Committee.

Photo: Presented by the Government of the Hong Kong Special Administrative Region, spearheaded and sponsored by the Cultural and Creative Industries Development Agency of the Culture, Sports and Tourism Bureau, the launch ceremony of the third edition of Hong Kong Fashion Fest was held on July 9 at the Hong Kong Museum of Art. Photo shows the Secretary for Culture, Sports and Tourism, Miss Rosanna Law (centre) and representatives of organisers of the programmes officiating at the launch ceremony.

The issuer is solely responsible for the content of this announcement.

Hashtags: #HongKongFashionFest #hkfashionfest #CSTB #CCIDA #CCIDAHK

Boehringer Ingelheim strengthens obesity pipeline as potential first-in-class triple receptor agonist BI 3034701 enters Phase II development

Fri, 17 Jul 2026 08:21:00 +0700

Boehringer Ingelheim strengthens obesity pipeline as potential first-in-class triple receptor agonist BI 3034701 enters Phase II development

*Boehringer Ingelheim announces the start of a Phase II clinical trial evaluating the efficacy and safety of its novel triple receptor agonist, BI 3034701, in people living with obesity and overweight.1

*BI 3034701 is a potential first-in-class GLP-1/GIP/NYP2 receptor agonist designed to address obesity through three pathways, where neuropeptide Y2 (NPY2)-driven central control of hunger, appetite and food intake is complemented by GLP-1/GIP-mediated satiety, weight reduction, and metabolic regulation.2,3,4

*The novel candidate may offer a highly differentiated, complementary therapeutic option within Boehringer Ingelheim's expanding obesity and cardiometabolic portfolio.

Ingelheim, Germany - Boehringer Ingelheim today announces the start of a Phase II clinical trial evaluating its investigational triple GLP-1/GIP/NPY2 receptor agonist, BI 3034701, in patients with obesity and overweight.1 The trial represents a significant milestone for Boehringer's cardiometabolic and obesity pipeline, which aims to address obesity as a central driver of interconnected cardiovascular, renal and metabolic conditions.5,6

Obesity is a complex, chronic disease that impacts more than 1 in 8 people worldwide in many different ways, and can have serious long-term consequences.7,8 Due to the heterogeneity of the disease, different mechanisms are needed to address different patient needs, disease stages, and risk profiles.8,9

BI 3034701 is a potential first-in-class triple agonist designed to activate the GLP‑1, GIP, and NPY2 receptors.1 By engaging these three complementary biological pathways, the molecule aims to address obesity through simultaneously targeting the regulation of body weight and metabolism.2,3,4 While the impact of GLP-1 and GIP on satiety, weight, and metabolic regulation is well established,2 NPY2R agonism provides a potentially differentiated mechanism that is still being investigated. Based on scientific literature, activation of the NPY2 receptor modulates central hunger signaling, while its impact on broader eating behavior remains to be fully elucidated.4

In Phase I studies, BI 3034701 demonstrated a generally favorable safety and tolerability profile,10 a key factor in advancing the program into its next phase of clinical development. The Phase II study is designed to evaluate the molecule in people living with obesity and overweight, including dose finding and broader clinical evaluation of efficacy and safety.1

"The obesity treatment landscape is rapidly expanding, with a need to target a broader variety of therapeutic mechanisms given that obesity is a heterogeneous disease. This approach may better enable healthcare providers to move towards matching the right treatment to the right patient at the right time," said Dr Ania Jaestreboff MD, PhD, professor at Yale School of Medicine and Director of the Yale Obesity Research Center (Y-Weight).

"At Boehringer Ingelheim, we are working towards a future where earlier, multi-pathway intervention leads to long-term outcomes that prevent the progression of interconnected cardiometabolic diseases," said Shashank Deshpande, Chairman of the Board of Managing Directors and Head of Human Pharma, Boehringer Ingelheim. "In the future, we expect obesity care to become much more differentiated, and with BI 3034701, we aim to go beyond short-term weight loss and address both the biological and behavioral drivers of obesity."

BI 3034701 is part of a broader portfolio of therapies being developed for people living with obesity or obesity and connected metabolic health conditions, which has multiple approaches under investigation, including survodutide, a dual glucagon/GLP-1 agonist. Results from Phase III trials of survodutide were recently presented at American Diabetes Association's (ADA) 2026 Scientific Sessions.11 Boehringer Ingelheim's pipeline across obesity and liver health also includes additional next-generation therapies and experimental approaches including oral treatment options.12

Notes to Editors

About BI 3034701

BI 3034701 was developed in cooperation with Gubra. Boehringer Ingelheim is solely responsible for further development and global commercialization of BI 3034701.

About obesity and overweight

In 2016, more than 1.9 billion adults lived with overweight - defined as a body mass index (BMI) of 25 or more.13 Of these, over 650 million were living with obesity - defined as a BMI of 30 or more.13 More than one billion people around the world are living with obesity today (1 in 8 of us) - and by 2030, that number could be more than double what it was in 2010.14 Overweight and obesity are complex chronic conditions involving abnormal or excessive fat accumulation that present a risk to a person's overall health.8

About Boehringer Ingelheim

Boehringer Ingelheim is a biopharmaceutical company active in both human and animal health. As one of the industry's top investors in research and development, the company focuses on developing innovative therapies that can improve and extend lives in areas of high unmet medical need. Independent since its foundation in 1885, Boehringer takes a long-term perspective, embedding sustainability along the entire value chain. Our approximately 54,300 employees serve over 130 markets to build a healthier and more sustainable tomorrow. Learn more at www.boehringer-ingelheim.com.

Boehringer Ingelheim's Intended Audiences Notice

This press release is issued from our Corporate Headquarters in Ingelheim, Germany and is intended to provide information about our global business. Please be aware that information relating to the approval status and labels of approved products may vary from country to country, and a country-specific press release on this topic may have been issued in the countries where we do business.

References

Clinicaltrials.gov. A Study to Test Whether BI 3034701 Helps People to Lose Weight Who Live With Obesity or Overweight. Available at: https://clinicaltrials.gov/study/NCT07662122. Last accessed: July 2026.

Shah M, Vella A. Rev Endocr Metab Disord. 2014;15(3):181-187.

Borner T, et al. Diabetes. 2021 Nov;70(11):2545-2553.

Yulyaningsih E, et al. Br J Pharmacol. 2011 Jul;163(6):1170-202.

Ndumele, C et al. Cardiovascular-Kidney-Metabolic Health: A Presidential Advisory From the American Heart Association. Circulation. 2023;148(20):1606?1635. doi:10.1161/CIR.0000000000001184.

Bannuru, R. Introduction and Methodology: Standards of Care in Overweight and Obesity 2025. BMJ Open Diabetes Research & Care. 2025;13:e004928. doi:10.1136/bmjdrc-2025-004928.

World Obesity Federation. World Obesity Atlas 2025. Last accessed July 2026.

Bray A, et al. Obes Rev 2017;18:715-723.

Singh V, et al. Adv Ther. 2025 Nov;42(11):5341-5364.

Boehringer Ingelheim advances next generation triple-agonist peptide for the treatment of obesity into mid-stage development. Available at: https://www.boehringer-ingelheim.com/science-innovation/human-health-innovation/boehringer-advances-obesity-treatment-mid-stage-development. Last accessed July 2026.

Boehringer Ingelheim's survodutide Phase III trial showed targeted 34% visceral and 63% liver fat reduction, while minimizing lean mass loss in pre-specified analysis, supporting improved metabolic health in people living with obesity. Available at: https://www.boehringer-ingelheim.com/human-health/crm-health/metabolic-health/survodutide-phase-3-fat-loss-obesity-dual-agonist-data. Last accessed: July 2026.

Boehringer Ingelheim's novel glucagon/GLP-1 dual agonist survodutide achieved significant weight loss of 16.6% delivering meaningful metabolic improvement in people with obesity or overweight in Phase III trial. Available at: https://www.boehringer-ingelheim.com/human-health/crm-health/metabolic-health/glp-1-dual-agonist-survodutide-weightloss-obesity-overweight-improvement. Last accessed: July 2026.

Igbuan, E.A. J. Appl. Health Sci. Med.,.2026.6(3), pp. 64?79.

World Heart Federation. Obesity. 2015. Available at: https://world-heart-federation.org/what-we-do/obesity. Last accessed July 2026.

Attachment

Boehringer headquarters

Rencana Induk Produktivitas Nasional Mengarahkan Nepal Menuju Peningkatan Produktivitas, Daya Saing, dan Pertumbuhan Inklusif dalam Sepuluh Tahun Mendatang

Fri, 17 Jul 2026 08:16:00 +0700

Sekretaris Jenderal APO Dr. Indra Pradana Singawinata (kiri) dan Direktur APO untuk Nepal, Krishna Bahadur Raut, yang juga menjabat sebagai Sekretaris Kementerian Perindustrian, Perdagangan, dan Pasokan Nepal, berfoto bersama Rencana Induk Produktivitas Nasional Nepal 2026 - 2036 setelah proses penyusunannya rampung.

TOKYO, July 16, 2026 (GLOBE NEWSWIRE) -- Pada tanggal 14 Juli 2026, Asian Productivity Organization (APO) secara resmi menyerahkan Rencana Induk Produktivitas Nasional Nepal 2026-2036 kepada Pemerintah Nepal dalam seremoni daring yang diselenggarakan bersama Pusat Produktivitas Nasional dan Pembangunan Ekonomi (NPEDC) serta Kementerian Perindustrian, Perdagangan, dan Pasokan Nepal.

Penyerahan ini menjadi tonggak penting dalam upaya Nepal menjadikan produktivitas sebagai inti pembangunan nasional sekaligus memperkuat daya saing jangka panjangnya dalam proses beralih dari status negara kurang berkembang.

Rencana induk 10 tahun ini menjadi peta jalan komprehensif pertama bagi Nepal dalam meningkatkan produktivitas secara sistematis di seluruh sektor perekonomian melalui reformasi yang terkoordinasi, investasi strategis, serta penguatan kolaborasi antarlembaga. Sejalan dengan Rencana Pembangunan Keenam Belas dan Strategi Transisi Lancar Nepal, rencana induk ini menjabarkan prioritas kebijakan nasional ke dalam agenda yang berorientasi pada pelaksanaan dan didukung oleh pembagian tanggung jawab antarlembaga yang jelas, pelaksanaan bertahap, pemantauan dan evaluasi, serta kartu skor produktivitas nasional.

Rencana induk untuk periode 2026?36 ini mengidentifikasi berbagai kendala struktural yang membatasi pertumbuhan produktivitas, termasuk hambatan infrastruktur, inefisiensi logistik, ketidaksesuaian keterampilan dengan kebutuhan pasar, keterbatasan inovasi, kendala pembiayaan, ketidakpastian kebijakan, serta pemanfaatan teknologi yang belum merata. Rencana induk ini mengusulkan solusi terpadu yang dirumuskan dalam empat sasaran strategis: menciptakan iklim usaha yang lebih kondusif, mempercepat modernisasi berbasis inovasi, memperkuat daya saing dan kompleksitas ekonomi, serta meningkatkan produktivitas melalui ketahanan iklim dan pertumbuhan inklusif.

"Nepal memiliki peluang untuk membuktikan bahwa produktivitas bukan sekadar agenda teknokratik, melainkan jalan strategis menuju daya saing yang lebih kuat, ketahanan ekonomi yang lebih kokoh, dan kemakmuran bersama. Dengan mewujudkan rencana induk ini dalam tindakan nyata, Nepal dapat membangun masa depan yang lebih produktif, inovatif, dan inklusif bagi generasi mendatang," ujar Sekretaris Jenderal APO Dr. Indra Pradana Singawinata. Beliau menegaskan bahwa produktivitas merupakan dasar untuk mencapai transformasi ekonomi yang berkelanjutan.

Dalam sambutannya, Direktur APO untuk Nepal sekaligus Sekretaris Kementerian Perindustrian, Perdagangan, dan Pasokan Nepal, Krishna Bahadur Raut, kembali menegaskan komitmen kuat Pemerintah Nepal untuk melaksanakan rencana induk tersebut: "Pemerintah Nepal tidak memandang dokumen ini sekadar sebagai laporan yang lalu akan diarsipkan, melainkan sebagai agenda untuk reformasi ekonomi nasional. Kami berkomitmen penuh untuk menerapkan berbagai rekomendasi dalam dokumen ini ke dalam sistem kelembagaan kami. Kementerian bersama NPEDC akan memimpin koordinasi, kolaborasi lintas instansi pemerintah, serta mekanisme pemantauan yang diperlukan untuk mewujudkan berbagai inisiatif strategis ini."

Berbeda dari banyak dokumen strategis lainnya, rencana induk ini menyediakan alur pelaksanaan yang praktis dengan tahapan reformasi yang jelas, mulai dari membangun landasan kelembagaan dan kebijakan, meningkatkan skala berbagai inisiatif yang telah terbukti berhasil, hingga pada akhirnya mengintegrasikan langkah-langkah peningkatan produktivitas ke dalam sistem pemerintahan federal, provinsi, dan lokal. Kerangka kerja ini juga menetapkan mekanisme untuk memantau perkembangan, memperkuat akuntabilitas, serta mendukung penyesuaian kebijakan berbasis bukti selama pelaksanaannya.

APO menyusun rencana induk ini melalui kolaborasi erat dengan Pemerintah Nepal, dengan dukungan teknis dari DevTech Systems Inc. dalam bentuk riset analitis, penetapan tolok ukur internasional, serta konsultasi dengan para pemangku kepentingan. APO tetap berkomitmen untuk mendukung Nepal selama tahap pelaksanaan melalui pertukaran pengalaman internasional, penguatan kapasitas kelembagaan, serta upaya mendorong pembelajaran berkelanjutan dalam kebijakan dan praktik produktivitas.

Penyerahan rencana induk ini menandai dimulainya transformasi produktivitas jangka panjang di Nepal. Dengan pelaksanaan berkelanjutan, koordinasi antarlembaga yang kuat, serta kolaborasi yang terus terjalin antara sektor publik dan swasta, rencana induk ini diharapkan mampu memperkuat daya saing, mendorong kinerja perusahaan, menciptakan lapangan kerja yang lebih berkualitas, dan meningkatkan kesejahteraan masyarakat Nepal dalam satu dekade mendatang.

Tentang APO

APO merupakan organisasi antarpemerintah regional yang berfokus untuk meningkatkan produktivitas di kawasan Asia Pasifik melalui kerja sama yang saling menguntungkan. Sejak didirikan pada tahun 1961, APO mendukung perekonomian para anggotanya melalui layanan konsultasi kebijakan, penguatan kapasitas, dan pertukaran pengetahuan guna mendorong pembangunan sosial ekonomi berkelanjutan.

Kontak: pr@apo-tokyo.org

Situs Web: https://www.apo-tokyo.org

Persephoni Backs SelSym Biotech to Bring Blood-Type-Agnostic Bleeding Control to the Point of Injury

Fri, 17 Jul 2026 08:10:00 +0700

SelSym Biotech joins Persephoni to advance the first shelf-stable, blood-type agnostic hemostatic therapy designed for use at the point of injury, where no such option exists today

RESEARCH TRIANGLE PARK, N.C., July 15, 2026 (GLOBE NEWSWIRE) -- Persephoni BioSciences ("Persephoni"), a global venture creation platform, today announced that SelSym Biotech ("SelSym"), a preclinical-stage company developing transformative biomimetic therapies to address critically unmet needs in hemorrhage and wound care, has joined Persephoni's portfolio and will operate out of its Clinical Impact Studio in Research Triangle Park. SelSym's lead product, SymClot, is an innovative injectable biomaterials-based therapeutic inspired by the design and function of the body's native clotting cells, platelets.

Natural platelets, the cells responsible for stopping bleeding, have a short shelf life, depend on donor supply, and require blood typing before use, leaving hospitals and emergency responders vulnerable to shortages, particularly outside controlled hospital settings. SymClot is designed to integrate seamlessly into hospital transfusion protocols while extending hemostatic care to settings where natural platelets cannot reach. The science originated from Dr. Ashley Brown's Advanced Wound Healing Lab at North Carolina State University and has been validated in small (mouse, rat) and large (pig) animal models of trauma, with results published in Science Translational Medicine and Nature Materials.

This investment and strategic partnership marks SelSym's first equity financing, which will be based upon the technical and regulatory groundwork already established. SelSym will co-locate with Persephoni's operating team in Research Triangle Park, where the partnership will focus on advancing lead programs to clinical milestones.

"We're proud to welcome SelSym into the Persephoni family. They've proven what disciplined science and capital efficiency can achieve, the same discipline that is foundational to our model. Together, we'll take it further. As lead investor and strategic partner, we will open all of Persephoni's capabilities, infrastructure, platforms, and technologies, to enable SelSym to move more efficiently to inflection and patients," said Hilary Schultz, CEO of Persephoni.

"We've been intentional about who we partner with, and Persephoni's ethos aligned with our mission from the start: getting SymClot to the patients who need it, faster. This investment is our first equity funding, and it validates years of work getting SelSym to this point. With Persephoni's team and resources alongside our own technical expertise, we're ready to move SymClot toward the clinic," said Seema Nandi, PhD, Co-Founder and CEO of SelSym Biotech.

SelSym was founded by Dr. Ashley Brown alongside Drs. Andrew Lyon and Thomas Barker, with Dr. Nandi serving as Co-Founder and CEO. The company has been supported by substantial non-dilutive grant sources including the National Institutes of Health and Department of Defense, and this equity investment now validates the next stage of development for SelSym.

About Persephoni

Persephoni is a woman-founded, operator-led global venture creation platform, advancing transformational early-stage biotech companies, therapeutically agnostic by design. By pairing capital with shared scientific, regulatory, operational, and technology infrastructure, it encodes how biotech companies are built, creating execution consistency and compressing the time it takes to reach key milestones.

About SelSym Biotech

SelSym Biotech is a Raleigh, North Carolina-based company developing synthetic, platelet-mimetic therapeutics for hemorrhage control and wound healing. Built on its Hemostatic Healing Hydrogel platform, SelSym's lead product, SymClot, is designed to improve patient survival and outcomes in trauma and emergency care settings. The company was founded by Seema Nandi, PhD, Andrew Lyon, PhD, Ashley Brown, PhD, and Thomas Barker, PhD.

Media Contact

inquiries@persephonibio.com

Fluence Retains Tier 1 Energy Storage Supplier Status in S&P Global Energy 2026 Cleantech List

Fri, 17 Jul 2026 08:05:00 +0700

Consecutive-year recognition on elite cleantech list highlights Fluence's strong market presence, bankability, and manufacturing excellence

ARLINGTON, Va., July 15, 2026 (GLOBE NEWSWIRE) -- Fluence Energy, Inc. ("Fluence") (NASDAQ: FLNC), a global market leader delivering intelligent energy storage systems, services, and asset optimization software, today announced it has retained Tier 1 energy storage supplier status in the S&P Global Energy 2026 List of Tier 1 Cleantech Companies. Fluence has achieved this designation every year since the list's inception in 2025.

To earn a Tier 1 ranking, companies must demonstrate exceptional performance across operational and sustainability practices, and financial resilience. This annual tiering system offers transparency and confidence to hyperscalers, developers, offtakers, and financial institutions seeking highly reliable and bankable cleantech partners.

"Being recognized by S&P Global Energy as a Tier 1 storage supplier for the second year running is a powerful validation of our continued market leadership and robust financial foundation," said Julian Nebreda, President and Chief Executive Officer, Fluence. "This distinction reinforces the trust our customers and partners place in our operational excellence and our relentless drive to deliver scalable energy storage solutions. It is a testament to the hard work of our global team as we help transform the way we power our world."

As grids evolve, energy storage has become a critical enabler of flexibility, allowing operators to dynamically balance supply and demand. Fluence is committed to delivering enduring value and minimizing risk for its customers through advanced battery energy storage system solutions, proven safety leadership, and dedicated, long-term partnerships. By providing robust technology combined with comprehensive services and advanced software, Fluence helps asset owners maximize the reliability, performance, and financial returns of their energy storage investments over the long term.

About Fluence  

Fluence Energy, Inc. (Nasdaq: FLNC) is a global market leader delivering intelligent energy storage and optimization software for renewables and storage. The company's solutions and operational services are helping to create a more resilient grid, from powering the next generation of AI-driven data centers to unlocking the full potential of renewable portfolios. With gigawatts of projects successfully contracted, deployed, and under management across nearly 50 markets, the company is transforming the way we power our world for a more sustainable future.

For more information, visit our website, or follow us on LinkedIn or X. To stay up to date on the latest industry insights, sign up for Fluence's Full Potential Blog.

Cautionary Statement Regarding Forward-Looking Statements

The statements contained in this press release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, Section 21E of the Securities Exchange Act of 1934, as amended, and the Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, statements regarding the future performance of Fluence and its energy storage systems and impact on customers and general industry and statements regarding beliefs, assumptions, prospects, plans, and objectives of management. Such statements can be identified by the fact that they do not relate strictly to historical or current facts. When used in this press release, words such as "may," "possible," "will," "should," "expects," "plans," "anticipates," "could," "intends," "targets," "projects," "contemplates," "commits", "believes," "estimates," "predicts," "potential," or "continue," or the negative of these terms or other similar expressions and variations thereof and similar words and expressions are intended to identify such forward-looking statements, but the absence of these words does not mean that a statement is not forward-looking.

The forward-looking statements contained in this press release are based on our current expectations and beliefs concerning future developments, as well as a number of assumptions concerning future events, and their potential effects on our business. These forward-looking statements are not guarantees of performance, and there can be no assurance that future developments affecting our business will be those that we have anticipated. These forward-looking statements involve a number of risks, uncertainties (some of which are beyond our control) or other assumptions that may cause actual results or performance to be materially different from those expressed or implied by these forward-looking statements, which include, but are not limited to, factors set forth under Item 1A."Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended September 30, 2025, filed with the Securities and Exchange Commission ("SEC") on November 25, 2025, and in other filings we make with the SEC from time to time. New risks and uncertainties emerge from time to time and it is not possible for us to predict all such risk factors, nor can we assess the effect of all such risk factors on our business or the extent to which any factor or combination of factors may cause actual results to differ materially from those contained in any forward-looking statements. Should one or more of these risks or uncertainties materialize, or should any of the assumptions prove incorrect, actual results may vary in material respects from those projected in these forward-looking statements. You are cautioned not to place undue reliance on any forward-looking statements made in this press release. Each forward-looking statement speaks only as of the date of the particular statement, and we undertake no obligation to publicly update or revise any forward-looking statements to reflect events or circumstances that occur, or which we become aware of, after the date hereof, except as otherwise may be required by law.

Media Contact 

Shayla Ebsen, Director of Communications 

Email: shayla.ebsen@fluenceenergy.com 

Analyst Contact  

Chris Shelton, Vice President of Finance, GID, and IR

Email: investorrelations@fluenceenergy.com  

Smith+Nephew introduces groundbreaking LYNX COBLATION Laryngeal Wand for ENT surgeons

Fri, 17 Jul 2026 08:01:00 +0700

Delivering versatility for airway procedures in a single, streamlined surgical solution

Smith+Nephew (LSE:SN, NYSE:SNN), the global medical technology company, today announces the commercial launch of its LYNX COBLATION Laryngeal Wand, a multi-purpose solution designed by laryngologists for laryngology.

Backed by surgeon insights and the need for versatility, the LYNX Wand is designed with a long working length and also fine dissection and mass debulking capabilities to support procedures from supraglottis to trachea1,2 at low temperatures*3 with reduced risk of airway fire.?4-6

The LYNX COBLATION Laryngeal Wand advances airway procedural solutions thanks to several key differentiators, including:

Improved efficiency with self-clearing clog capabilities to reduce occurrence of clogs while the device is in use.?7

Better access to target anatomy with a long working length and the capability to efficiently perform radial incisions on the target tissue in all 360 degrees.?,8

Malleable wand shaft, designed to adapt to patients' anatomical needs.

Among the first surgeons to use the LYNX Wand was Dr. Priya Krishna, Professor at Loma Linda University Health System, Department of Otolaryngology-Head and Neck Surgery who stated, "The LYNX Wand is very efficient in its completeness of tissue removal, and the extended length makes it versatile."

"Early feedback from surgeons using the LYNX COBLATION Laryngeal Wand has been impressive," said Meghan Mavity, Senior Vice President and General Manager, ENT at Smith+Nephew. "We listened to what ENT surgeons wanted and designed something specifically for them. The result is an exceptionally versatile laryngeal wand that fills an unmet need ? a single, streamlined surgical solution for airway procedures."

COBLATION Technology

The LYNX Wand utilizes Smith+Nephew's patented COBLATION ENT Technology. With over 20 years of clinical use and more than 240 peer-reviewed publications, COBLATION Technology is a clinically backed surgical method that precisely removes tissue.9,10 It is indicated for ablation, resection, coagulation of soft tissue, hemostasis of blood vessels.

To learn more about the LYNX COBLATION Laryngeal Wand, please visit the product webpage here.

- ends -

Media Enquiries

Dave Snyder +1 (978) 749-1440

Smith+Nephew david.snyder@smith-nephew.com

*As demonstrated ex vivo

?Compared to electrocautery or CO2 laser

?Compared to PROCISE◊ LW COBLATION◊ Laryngeal Wand

?As demonstrated in benchtop simulated laryngeal model

References

Smith+Nephew 2026. Technical Memo. P/N 10170589

LYNX COBLATION Laryngeal Wand, Instructions for Use 03/2026 P/N 160029 Rev. C

Smith+Nephew 2010. Internal Report. P/N 86257 Rev. A.

Roy S, et al. Am J Otolaryngol. 2010;31(5):356-359.

Roy S, et al. Am J Otolaryngol. 2015;36(1):63-66.

Matt BH, et al. Am J Otolaryngol. 2010;143(3):454 - 455.

Smith+Nephew 2026. Technical Report. P/N 10169096.

Smith+Nephew 2026. Technical Report. P/N 10169186. Rev.A.

Magdy EA, et al. J Laryngol Otol. 2008;122(3):282-290.

Roje Z, et al. Coll Antropol. 2009;33(1):293-298.

About Smith+Nephew

Smith+Nephew is a portfolio medical technology business focused on the repair, regeneration and replacement of soft and hard tissue. We exist to restore people's bodies and their self-belief by using technology to take the limits off living. We call this purpose 'Life Unlimited'. Our 17,000 employees deliver this mission every day, making a difference to patients' lives through the excellence of our product portfolio, and the invention and application of new technologies across our three global business units of Orthopaedics, Sports Medicine & ENT and Advanced Wound Management.

Founded in Hull, UK, in 1856, we now operate in around 100 countries, and generated annual sales of $6.2 billion in 2025. Smith+Nephew is a constituent of the FTSE100 (LSE:SN, NYSE:SNN). The terms 'Group' and 'Smith+Nephew' are used to refer to Smith & Nephew plc and its consolidated subsidiaries, unless the context requires otherwise.

For more information about Smith+Nephew, please visit www.smith-nephew.com and follow us on X, LinkedIn, Instagram or Facebook.

Forward-looking Statements

This document may contain forward-looking statements that may or may not prove accurate. For example, statements regarding expected revenue growth and trading profit margins, market trends and our product pipeline are forward-looking statements. Phrases such as "aim", "plan", "intend", "anticipate", "well-placed", "believe", "estimate", "expect", "target", "consider" and similar expressions are generally intended to identify forward-looking statements.

Forward-looking statements involve known and unknown risks, uncertainties and other important factors that could cause actual results to differ materially from what is expressed or implied by the statements. For Smith+Nephew, these factors include: conflicts in Europe and the Middle East, economic and financial conditions in the markets we serve, especially those affecting healthcare providers, payers and customers; price levels for established and innovative medical devices; developments in medical technology; regulatory approvals, reimbursement decisions or other government actions; product defects or recalls or other problems with quality management systems or failure to comply with related regulations; litigation relating to patent or other claims; legal and financial compliance risks and related investigative, remedial or enforcement actions; disruption to our supply chain or operations or those of our suppliers; competition for qualified personnel; strategic actions, including acquisitions and disposals, our success in performing due diligence, valuing and integrating acquired businesses; disruption that may result from transactions or other changes we make in our business plans or organisation to adapt to market developments; relationships with healthcare professionals; reliance on information technology and cybersecurity; disruptions due to natural disasters, weather and climate change related events; changes in customer and other stakeholder sustainability expectations; changes in taxation regulations; effects of foreign exchange volatility; and numerous other matters that affect us or our markets, including those of a political, economic, business, competitive or reputational nature. Please refer to the documents that Smith+Nephew has filed with the U.S. Securities and Exchange Commission under the U.S. Securities Exchange Act of 1934, as amended, including Smith+Nephew's most recent annual report on Form 20-F, which is available on the SEC's website at www. sec.gov, for a discussion of certain of these factors.

Any forward-looking statement is based on information available to Smith+Nephew as of the date of the statement. All written or oral forward-looking statements attributable to Smith+Nephew are qualified by this caution. Smith+Nephew does not undertake any obligation to update or revise any forward-looking statement to reflect any change in circumstances or in Smith+Nephew's expectations.

Trademark of Smith+Nephew. Certain marks registered in US Patent and Trademark Office.

New AI Career Platform, CareerHub, Takes on Legacy Job Boards, Offering MyCareer Premium Free for One Year

Fri, 17 Jul 2026 07:56:00 +0700

CareerHub surpasses 8 million job postings across 550k+ companies and draws job seekers from more than 185 countries in its first two months, as users worldwide adopt resume-based matching, multi-location search, professional networking, and specialized career channels

DENVER, July 15, 2026 (GLOBE NEWSWIRE) -- CareerHub.com today announced rapid global adoption of its AI-powered career platform following the launch of free one-year access to MyCareer Premium for job seekers. Since launching on May 8, 2026, CareerHub has attracted thousands of members from more than 185 countries and grown to more than 8 million job postings within its first 60 days.

Designed to modernize the job search experience, CareerHub goes beyond traditional keyword-based job boards by enabling members to search using their resumes, skills, experience, education, qualifications, career goals, and up to eight locations simultaneously.

"CareerHub is not just another job board," said Raymond French, COO and Co-Founder of CareerHub. "We've built a complete career ecosystem that combines AI-powered job matching, resume tools, networking, career coaching, recruiter solutions, and employer visibility in one platform. Our global growth in the first 60 days demonstrates strong demand for a smarter approach to career advancement."

CareerHub is also reshaping recruiting economics. The platform analyzes more than 8 million live job listings from over 500,000 companies worldwide while keeping core job postings free for employers and recruiters. By lowering hiring costs and expanding access for job seekers, CareerHub continues to drive growth across both sides of the talent marketplace.

Key CareerHub Features

Resume-Based Job Search - Members search using their resume instead of keywords alone. CareerHub analyzes skills, experience, qualifications, and career direction to surface roles traditional searches miss.

AI-Powered Digital Profiles - CareerHub builds dynamic professional profiles based on each member's resume, skills, experience, and goals - enabling better matching, greater visibility, and recruiter discovery.

AI Career Assistant - CareerHub's AI assistant helps members with career questions, resume feedback, interview preparation, job search guidance, and personalized recommendations. Developed in-house, the AI assistant runs entirely in CareerHub's data centers - member data is never sent to outside AI systems.

Multi-Location Job Search - Members can search up to eight cities, regions, and relocation markets in one workflow, exploring remote, hybrid, and multi-market opportunities faster.

Match Score Technology - CareerHub scores jobs based on alignment with a member's background, helping job seekers quickly identify the strongest fits.

Professional Networking and Career Channels (The Hub) - CareerHub includes professional profiles, posts, company follows, connections, and career-focused communities. Specialized channels such as Healthcare, Finance, Cybersecurity, Technology, and Construction give job seekers and recruiters pre-filtered jobs, industry-specific content, and better visibility within their specific fields.

"Recruiters want access to qualified candidates, and job seekers want better tools," said Jon DeLaCastro, CEO, CTO, and Co-Founder of CareerHub. "CareerHub was built to change the way job seekers and recruiters connect. We are giving job seekers powerful AI career tools for free, have built a global career marketplace, and are about to launch the world's most powerful recruiter platform."

Media & Investment Contact

Raymond French, COO and Co-Founder, CareerHub

Email: invest@careerhub.com

Website: https://www.CareerHub.com

Critical Pain Points for CIOs Explored in New Podcast Series

Fri, 17 Jul 2026 07:51:00 +0700

"The Savvy CIO" features top IT executives and industry analysts offering insight and advice for busy, bothered and budget-constrained CIOs

Cleveland, July 15, 2026 (GLOBE NEWSWIRE) -- A new podcast series for IT leaders offering insightful commentary on the decisions shaping the future of enterprise technology launches next week.

"The Savvy CIO," hosted by former CIO Bradd Busick, and sponsored by Park Place Technologies, provides fresh insights from tech leaders qualified to unpack the tough calls every CIO faces ? what to modernize, what to maintain and how to make it all work smarter. Season One guests include a mix of senior IT leaders and respected industry analysts from IBM, Coca-Cola Bottlers, Datum, Omdia, Solved, IDC and more. The series will span cutting-edge topics such as AI readiness, liquid cooling and squeezing the most from static budgets.

Host Bradd Busick currently serves as Principal, AI, Data & Technology Enablement at Frazier Healthcare Partners. He previously served as CIO at MultiCare Health System and was recognized as Washington State Healthcare CIO of the year in 2024 and National Healthcare CIO of the Year at the ORBIE Awards in 2024.

"In the old days, the CIO used to keep the lights on. Now the CIO decides which lights are worth keeping," said Busick. "This podcast features some of the top thought leaders in the world, where we don't just talk about technology, we talk about leverage, speed and where the organization is 'lying to itself' about its IT capabilities."

Each of Season One's 10 episodes turns obstacles into insights with sharp stories, practical takeaways and just enough frankness and humor to keep it relatable for modern CIOs and anyone with an interest in technology trends. Episodes will feature a mix of conversations with experienced IT leaders and analysts, focused on real-world challenges facing enterprise organizations.

"We realized many of the conversations being had focused entirely on the aspirational side of modernization and did not actively address the ever-increasing hurdles CIOs face," said Larry DeAngelis, Vice President of Marketing at Park Place Technologies. "We are hosting intelligent conversations to equip CIOs and CTOs with actionable insights to move their businesses forward."

The Savvy CIO will be available for download beginning July 22 on Spotify, Apple Podcasts and Amazon Music. For more information, visit Park Place here.

About Park Place Technologies

Park Place Technologies is a leading global IT infrastructure services firm with $1.2 billion in annual revenue and 3,300 employees. We help 25,000+ organizations in 180 countries - including half the Fortune 500 - fuel innovation by dramatically reducing time and money spent on IT infrastructure management, while boosting performance and uptime.

Powered by the world's largest on-the-ground engineering team, a robust group of advanced engineers, and our global Enterprise Operations Centers, Park Place delivers significant cost savings on hardware maintenance, software technical support, hardware procurement, and more. We also streamline IT infrastructure management, freeing internal teams from day-to-day tasks, enabling them to focus on strategic initiatives.

For more information, visit ParkPlaceTechnologies.com.

Media Contacts

Park Place Technologies

Larry DeAngelis, VP, Marketing

ldeangelis@parkplacetech.com

Park Place Technologies

Michael Miller, Sr. Director, Global Communications

mmiller@parkplacetech.com

Park Place Technologies

Samantha Farland, Sr. Corporate Communications Specialist

sfarland@parkplacetech.com

Feintuch Communications

Henry Feintuch / Doug Wright

parkplacetech@feintuchpr.com

Contact Info

Michael Miller

mmiller@parkplacetech.com

+1 440-683-9426

Octave Launches CoLabs: A Customer Innovation Program to Scale AI Across Industrial Operations

Fri, 17 Jul 2026 07:47:00 +0700

New initiative brings Octave's domain expertise direct to customers to build AI-ready workflows

HUNTSVILLE, Ala., July 15, 2026 (GLOBE NEWSWIRE) -- Octave Intelligence plc (Nasdaq: OCTV), a global leader in software for the world's mission critical facilities and infrastructure, has launched Octave CoLabs, a collaborative, customer-led innovation program to reimagine how Octave and its customers work together by applying agentic AI and new innovation methodologies into participating customers' core operational workflows.

CoLabs embeds Octave's product and technical leadership alongside Octave customers to develop AI workflows grounded in the customer's real data and actual operations to create scalable AI innovations.

"Industrial organizations need help cutting through the AI hype to find solutions that drive real business value," said Jay Allardyce, Chief Product Officer at Octave. "CoLabs puts Octave's domain experience directly into the trenches alongside our customers. Together, we build context-aware AI applications that deliver production-ready applications with a clear path to scale."

Industrial organizations are sitting on decades of siloed operational data, from design & engineering data and maintenance logs to operational alarm and event histories. CoLabs develops frameworks with customers to leverage that data, unlocking AI's potential and driving better returns on digital transformation investments.

The program, run by teams composed of both Octave and customer employees, moves from an initial idea to a functioning solution with defined and validated benefits. Each engagement runs 11 weeks and focuses on delivering use cases that have demonstrated economic benefit for the customer. Throughout the process, teams engage in new ways of working to solve customer problems using a structured framework that allows for multiple iterations of ideas that deliver tangible value, quickly.

Initial participating customers include Bechtel and Fluor.

To lead the program, Octave has appointed Dan Brennan as Vice President of Customer Innovation. Brennan brings an extensive record of building and scaling across industrial sectors. He most recently served as Senior Vice President and General Manager of BakerHughesC3.ai, where he architected one of the largest AI partnerships in the energy sector.

"The companies that define the next generation of heavy industry will use AI to help decide what should happen and why, before the cost of being wrong becomes irreversible," said Brennan. "We are excited to partner closely with our customers to deploy digital labor that reasons across complex industrial systems."

FOR MORE INFORMATION, CONTACT:  

Media: media@octave.com

Investors: Elizabeth Chwalk, VP, Investor Relations, Octave +1 401 749 - 0278, elizabeth.chwalk@octave.com

About Octave:

Octave provides mission-critical software that empowers organizations to make informed decisions across every stage of the asset lifecycle - Design, Build, Operate and Protect - where performance, safety, and reliability are non-negotiable and failure is not an option.

Turning complex operational data into actionable intelligence, Octave connects expertise, real-world conditions and enterprise-scale insight to improve performance, resilience and incident response where it matters most.

Octave has approximately 7,200 employees in 45 countries. Learn more at octave.com and follow us on LinkedIn.

Flex for Good Surpasses $1 Million in Direct Rental Assistance, Marking a New Model for Preventing Eviction

Fri, 17 Jul 2026 07:43:00 +0700

Independent nonprofit built on Flex's payment infrastructure delivers rapid, targeted support to renters facing short term financial shocks

NEW YORK, July 15, 2026 (GLOBE NEWSWIRE) -- Flex for Good, a 501(c)(3) nonprofit focused on eviction prevention, today announced it has delivered more than $1 million in direct rental assistance to more than 800 renters facing eviction risk.

The milestone marks an early proof point for a model Flex for Good was built to test: that financial hardship can be identified before it becomes a housing crisis, and that assistance can reach a household quickly, before a short-term disruption becomes a formal eviction.

How It Works

Flex for Good is supported by Flex, which provides the underlying platform infrastructure, technology, data, and payment rails to identify renters facing financial distress and distribute assistance quickly and securely, and by philanthropic partners whose contributions go directly to renters rather than to overhead. Flex for Good has partnered with organizations including Hope+Door, a national nonprofit that provides emergency rent relief grants directly to landlords to keep families housed. Flex for Good serves as the identification, verification, and distribution channel.

The nonprofit's broader mission is to leverage the Flex platform to help community partners intervene sooner, with better data in hand, and reach renters before a short-term hardship becomes a formal eviction crisis.

Since launching, Flex for Good has directed its support toward renters navigating exactly these kinds of moments. The organization has also mobilized during large scale events, reaching renters affected by the Los Angeles wildfires and Florida hurricanes, and direct assistance to federal workers, active duty military, and SNAP households during the recent federal government shutdown.

Behind the scenes, Flex for Good has focused on making each dollar move faster and more accurately. Automating renter communications has dramatically reduced processing times, cutting the time to process applications and distribute funds from 10 days to 72 hours, based on Flex for Good's pilot with Hope+Door. A new scoring framework has further pushed distribution accuracy above 90 percent. The organization is now building AI enabled tools to help partners verify eligibility documentation, aimed at shortening the review period while keeping the process rigorous.

In parallel, Flex for Good is launching a rigorous evaluation to study eviction outcomes for grant recipients compared to renters who did not receive upstream assistance. The findings will be shared with the broader housing ecosystem in an effort to deepen understanding of which upstream interventions most effectively prevent renters from entering the eviction pipeline and reduce downstream strain on public resources.

Why It Matters

Rent is the largest recurring expense for most American households, and for renters living close to the margin, a single disruption can be the difference between staying housed and entering the eviction pipeline. Traditional rental assistance, whether through government programs or nonprofit intervention, tends to arrive only after a household is already in crisis, which makes it slower and more expensive to administer than it needs to be.

Flex for Good's early results suggest a different starting point is possible: pairing the reach of one of the largest national rent payment networks with the independence and accountability of a standalone nonprofit. By using data, payment infrastructure, and capital together, Flex for Good aims to help partners identify needs earlier, deploy assistance faster, and build a more proactive rental safety net.

The organization is intentionally starting within that existing network so it can rigorously test and refine who it reaches, how quickly support is delivered, and what outcomes result; learnings it expects will inform how the model scales through future nonprofit and public sector partnerships.

"Time is the last thing you can afford if you're facing the risk of eviction. We need better ways of getting tenants who have fallen behind on rent the help they need as soon as possible. Flex for Good and its partners are testing a promising alternative: identify financial distress early, deliver support quickly, and evaluate whether it helps renters remain stably housed. If it works, it has the potential to reduce housing instability and downstream strain on public resources." - Peter Hepburn, Flex for Good Board Member (Associate Professor of Sociology, Rutgers University-Newark, and Research Collaborator, Eviction Lab at Princeton University)

"This collaboration between Hope+Door and Flex proves that when the right tools meet the right heart, we can scale our impact across the country without losing the personal touch that is so essential to our work." - Amy Krulik, Executive Director, Hope+Door

"Flex's network was built to move rent. What we have learned is that the same rails can carry more than that. By offering that infrastructure through Flex for Good to nonprofit, philanthropic and government partners, we think it can carry resilience, reaching a family early enough to matter, not after a crisis has already taken hold. Hope+Door is proof that this works at a small scale. We want to make it available to anyone doing this work who needs infrastructure they do not have to build themselves." - Shragie Lichtenstein, CEO, Flex

About Flex for Good

Flex for Good is a 501(c)(3) nonprofit focused on eviction prevention for renters facing short term financial shocks. It is supported by Flex and by philanthropic partners including Hope+Door. Learn more or donate at flexforgood.org.

Media Contact

media@getflex.com

CCTE's ANEEL Fuel Published in Leading Peer-Reviewed Journal, Building on Completed High-Burnup Irradiation at Idaho National Laboratory

Fri, 17 Jul 2026 07:21:00 +0700

Publication in Nuclear Engineering and Design follows the successful conclusion of a multi-year irradiation campaign at INL's Advanced Test Reactor, in which ANEEL fuel physically demonstrated burnup exceeding 60 GWd/MTU

CHICAGO, July 15, 2026 (GLOBE NEWSWIRE) -- Clean Core Thorium Energy (CCTE) today announced a major technical milestone for its ANEEL fuel program with the publication of a comprehensive peer-reviewed engineering assessment in Nuclear Engineering and Design, a leading peer-reviewed journal in nuclear engineering published by Elsevier.

The publication follows the successful completion of CCTE's multi-year irradiation campaign at Idaho National Laboratory (INL), where ANEEL fuel physically achieved burnup exceeding 60 GWd/MTU in the Advanced Test Reactor (ATR). Together, these milestones represent two independent lines of evidence supporting the technical feasibility of ANEEL fuel for deployment in existing pressurized heavy water reactors (PHWRs), including CANDU reactors.

ANEEL fuel's performance has now been established in two independent ways: physically, through a completed high-burnup irradiation test in a U.S. national laboratory reactor, and analytically, through peer-reviewed analyses now published in the open scientific literature. The test data and the published analyses point to the same conclusion - that ANEEL fuel can deliver substantially higher burnup than natural uranium fuel, with improved safety margins, in reactors operating today.

The published analyses report an average discharge burnup of 44,300 MWd/MTHM for ANEEL fuel in a CANDU-6 reactor - approximately six times that of natural uranium fuel, and consistent with the burnup levels physically demonstrated in the ATR campaign.

The paper further reports that ANEEL fuel reduces full-core coolant void reactivity by nearly 20%, improving upon a key safety parameter of natural uranium-fueled PHWRs. Independent calculations performed by Canadian Nuclear Laboratories (CNL) using the MCNP code confirm that existing reactor control and shutdown systems maintain adequate margins with ANEEL fuel, requiring no redesign. The analyses also show a fuel temperature coefficient more than six times more negative than natural uranium fuel, lower peak fuel temperatures under a simulated loss-of-coolant accident, and structural integrity of the fuel rod maintained throughout the simulated irradiation history.

The publication represents an important milestone in nearly a decade of ANEEL fuel development and reflects a collaborative effort across industry, academia and national laboratories.

The authors include experts from Clean Core Thorium Energy, the Massachusetts Institute of Technology (MIT), Innovative Nuclear Solutions, and Structural Integrity Associates, while independent validation analyses were performed by Canadian Nuclear Laboratories (CNL) using industry-standard methodologies. These results build upon CCTE's completed irradiation campaign at Idaho National Laboratory (INL) and the successful completion of the Canadian Nuclear Safety Commission's (CNSC) Phase 1 Vendor Design Review in 2024.

Together, the analyses address the principal technical questions associated with deploying thorium-HALEU fuel in existing reactors: reactivity behavior and safety coefficients, compatibility with existing reactor control and shutdown systems, thermal-hydraulic performance under postulated accident conditions, and structural integrity at high burnup. Each is now examined in the open, peer-reviewed literature.

"Milestones in this industry are earned in reactors, not in renderings. ANEEL fuel achieved its burnup and performance objectives in a physical test at Idaho National Laboratory, and the analyses underpinning the fuel's design have now withstood the scrutiny of peer review in one of the field's leading journals. We demonstrated first and published second - that ordering reflects how we approach this technology," said Mehul Shah, Founder and CEO of Clean Core Thorium Energy.

"Our goal with this paper was transparency: to place the full technical case for ANEEL fuel - the physics, the safety coefficients, the accident performance, the structural analysis - into the open literature where it can be examined by the global research community. The published results, are consistent with what the fuel demonstrated physically in the Advanced Test Reactor, which is a key result." said Michael Worrall, corresponding author of the publication and Reactor Physics Lead at Clean Core Thorium Energy.

The paper notes the remaining steps toward commercial deployment, including bounding safety analyses under a wider range of accident scenarios, fuel qualification testing against thoria-specific empirical data, and continued regulatory engagement - work that is underway through CCTE's ongoing irradiation programs, including post-irradiation examination of the ATR test specimens at INL's Materials and Fuels Complex, and pre-licensing activities. The company will continue to work with its national laboratory and industry partners in support of a cleaner, more efficient global nuclear fleet.

The full publication is available open access at: https://doi.org/10.1016/j.nucengdes.2026.115094

About ANEEL Fuel

ANEEL is CCTE's patented nuclear fuel technology combining thorium with enriched uranium. The fuel retains the same external geometry as existing fuel for PHWR and CANDU reactors, including 19- and 37-element designs. This allows for integration into current reactor fleets without modifications to reactor systems or core design. ANEEL is designed to achieve higher burnup and improved fuel utilisation, with the potential to reduce spent fuel volumes per unit of energy generated and strengthen proliferation resistance.

About Clean Core Thorium Energy

Clean Core Thorium Energy is a nuclear fuel company exploring thorium-driven nuclear innovations. Clean Core's patented nuclear fuel technology (called the ANEEL fuel) is comprised of thorium and enriched uranium (LEU+ to HALEU), which is capable of improving the safety and cost-efficiency of pressurized heavy-water reactors. The ANEEL fuel is a novel solution to safety, waste, and proliferation concerns in today's nuclear plants. Learn more at https://cleancore.energy/. Follow us on social media: LinkedIn and X.

Media Contact:

Milan Shah

Email: info@cleancore.energy

Now is Your Moment: Huawei Unlocks New Possibilities for Every Moment Through All-Scenario Innovation

Thu, 16 Jul 2026 08:52:00 +0700

HUAWEI Pura 90s Series Headlines a Line-up Designed for Expression, Style and Creativity

KUALA LUMPUR, MALAYSIA - Media OutReach Newswire - 15 July 2026 - On July 14, 2026, Huawei held its Flagship Product Global Launch Event in Kuala Lumpur, Malaysia, where it officially unveiled the HUAWEI Pura 90s Series, HUAWEI FreeClip 2 S and HUAWEI MatePad Air. Led by the HUAWEI Pura 90s Series and its upgraded imaging technologies, these new devices seamlessly extend users' all-scenario experiences, empowering them to capture, express, and create more effortlessly in everyday life.

Advanced Imaging, Designed for Expression, Capturing Every Meaningful Moment

As a key highlight of the launch, the HUAWEI Pura 90s Series delivers flagship imaging, empowering expression. Guided by the Rhythm of Colour design philosophy, the series combines clean design lines with a layered colour palette to create a distinctive and cohesive visual identity, while the Dual-Tone Gradient Mid-Frame[1] further enhances its aesthetic. The HUAWEI Pura 90s Series also introduces comprehensive imaging upgrades.

Equipped with 200MP Ultra Large Sensor Telephoto Camera[2], True-to-Colour Camera 2.0 and a range of industry-leading imaging technologies, it delivers clear, stable, and consistent results across long-range, macro, and challenging lighting scenarios. Enhanced by AI-powered composition and image optimisation, users can move efficiently from capture to refinement, resulting in more expressive and refined visual outcomes.

Luminous Aesthetics, Designed for Style, Balancing Fashion and Comfort

Designed for personal style and everyday wear, the HUAWEI FreeClip 2 S introduces Huawei's Luminous Aesthetics design philosophy, combining metallic lustre with organic tones in two new colourways - Deepsea Blue and Space Silver - to support individual style expression.

The all-new Luminous Charging Case, crafted through over 100 precision manufacturing steps, features a refined rounded silhouette while expanding usable interior space by 20%[3], providing room for both earbuds and small accessories. Complementing the design, the upgraded Airy C-bridge blends skin-friendly liquid silicone with a luminous texture-spraying process to create a distinctive metallic finish. Refined through 22 paint-mixing and spraying processes, it balances visual elegance with a soft and comfortable fit, delivering both style and all-day wearability. Combined with Huawei's open-ear listening experience, the HUAWEI FreeClip 2 S delivers clear listening and calling performance for everyday use.

Lightweight Design, Designed for Inspiration and Productivity

Designed for inspiration and productivity, the HUAWEI MatePad Air features a slim 5.3 mm[4] profile while delivering flagship-level performance. Equipped with the Ultra-clear OLED PaperMatte Display, it delivers vibrant visuals and exceptional clarity, empowering users to create with greater ease.

Maintaining its sleek and lightweight design, the device offers accurate colour reproduction and exceptional clarity, delivering an immersive viewing experience across work, learning, content creation and entertainment scenarios.

With powerful PC-level productivity and an integrated suite of AI tools, the HUAWEI MatePad Air helps users work more efficiently, transform ideas into content, and present complete solutions with ease. Together, these capabilities enable a seamless creative workflow and bring PC-level productivity into a lightweight form factor.

Together, the HUAWEI Pura 90s Series, HUAWEI FreeClip 2 S, and HUAWEI MatePad Air showcase Huawei's all-scenario ecosystem. From capturing meaningful moments and expressing personal style to supporting creativity, they deliver a more connected and cohesive user experience across everyday scenarios.

Looking ahead, Huawei will continue to evolve its ecosystem to support diverse user needs, delivering a smarter and more efficient connected experience.

[1] Only available in the Orange Ocean model.

[2] The 200 MP high-resolution mode is only available at the 4x focal length and requires a HOTA update. Optical zoom ratios are approximate.

[3] Data is a comparison with HUAWEI FreeClip 2 and comes from Huawei lab tests.

[4] Data comes from Huawei laboratories. Actual weight and thickness may vary depending on product configuration, manufacturing processes, and measurement methods.

The issuer is solely responsible for the content of this announcement.

Hashtags: #Huawei

CyCraft Named a Sample Provider in the Gartner Latest AI Reasoning Models Report-The Only Taiwan-Based Cybersecurity Provider Listed

Thu, 16 Jul 2026 08:48:00 +0700

TAIPEI, TAIWAN - Media OutReach Newswire - 16 July 2026 - CyCraft (Stock Code: 7823) has been recognized by the global business and technology insights organization Gartner in its latest report, "Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers' Approaches to AI Pricing." In this report focusing on AI Reasoning Models, CyCraft is named as a Sample Provider, making it the only Taiwan-based cybersecurity company included in the full list.

Dr. Benson Wu, CEO and Co-Founder of CyCraft, stated: "We believe, being listed as a Sample Providerin the Gartner report demonstrates that the global market now views AI security as the next battlefield for AI commercialization. From day one, CyCraft has developed proprietary models, simultaneously deploying AI reasoning capabilities across three core pillars: cybersecurity defense, AI governance, and unmanned vehicle reconnaissance. Technical leadership is our starting point, not the destination. Our goal is to translate this leadership into rapid growth driven by strategic deployment and disciplined execution. Launched this year, our AI Red Teaming and AI Guardrail solutions have already been productized and commercially shipped, seeing active deployment in sectors like semiconductors and sovereign AI."

AI Reasoning Models Drive Up Operating Costs, Restructuring Profit Logic

As AI transitions from "training models" to "reasoning models," the industry officially moves from the research and development phase into commercial application. Reasoning models possess logical deduction, self-reflection, and complex problem-solving capabilities. However, these advanced capabilities have caused AI operational costs to skyrocket, forcing the tech industry to redefine its expectations of AI as a tool for massive cost reduction and profit maximization.

CyCraft's XCockpit Threat Exposure Management Platform features built-in AI reasoning models that triage thousands of alerts in real time, automatically providing mitigation recommendations and effectively eliminating alert fatigue. From overall security posture scoring to specific actionable tickets for individual alerts, XCockpit transforms defensive benefits-which were historically difficult to define-into concrete, quantifiable technical metrics. This embodies CyCraft's pragmatic philosophy: the value of defense must be visible, and it must be measurable.

Standing at the Frontier of AI Security, CyCraft Advances Commercial Implementation with Profound R&D Momentum

Deeply integrating AI with cybersecurity, CyCraft has launched XecGuard and XecART-two major AI security products deployable across both cloud and on-premises environments, both featured on the OWASP AI Security Map. These solutions directly address the core pain points of Agentic AI, LLM, and GenAI applications. XecART utilizes Agentic Red Teaming to run multi-round stress tests on models, identifying risks and generating compliance reports that adhere to international standards. Meanwhile, XecGuard acts as a real-time Guardrail for LLMs and AI Agents, intercepting anomalous inputs and outputs. One solves "how to stress-test AI," while the other solves "how to protect AI," providing the fundamental AI governance for enterprises.

CyCraft's research achievements are equally outstanding. The CyCraft research team recently presented at the International Conference on Machine Learning (ICML), one of the world's top three prestigious academic conferences for AI and machine learning. The research focused on Retrieval-Augmented Generation (RAG) Data Poisoning. Utilizing their self-developed "Eyes-on-Me" attack framework, the team proved that attacks can simultaneously breach both the retrieval and generation phases. The end-to-end average attack success rate surged from 21.9% to 57.8%. This breakthrough exposed a long-neglected vulnerable attack surface existing between "attention focus" and "model output."

In 2025, the CyCraft research team was also selected for NeurIPS, one of the most iconic academic sanctuaries in the AI field. The team proposed an innovative "unified supervision framework" that embeds verifiable checkers into synthesized instruction-conflict instances, enabling self-supervised learning without requiring oracle labels or reasoning traces. This framework not only applies to different models but also significantly enhances both safety robustness and instruction adherence.

CyCraft believes that as AI moves from R&D to commercial deployment, the barrier for enterprises is no longer "whether they can use AI," but "whether they can use AI responsibly." Once Agentic AI enters financial transactions, government services, or critical infrastructure, every autonomous decision must leave a traceable path, accept auditing, and allow for real-time human intervention when necessary. This is true AI governance. It is not a compliance document, but a complete control chain stretching from pre-launch to runtime, and onto post-incident traceability.

CyCraft deconstructs this control chain into three actionable phases: XecART stress-tests model risks before deployment; XecGuard safeguards inputs and outputs during runtime; XCockpit quantifies the overall risk posture into traceable metrics. Interlocking these three components ensures that every step AI takes is visible, manageable, and auditable. CyCraft's objective is clear: make AI behavior measurable before its value can be priced. Ultimate technical leadership must be converted into commercial resilience that is governable, auditable, and open to investor scrutiny.

The technological revolution of AI Reasoning Models and Agentic AI is an undeniable reality. The ultimate challenge lies in whether enterprises can implement "controllable, auditable, and highly transparent" AI governance within real-world commercial environments. From being recognized in international research reports to taking the stage at top-tier academic conferences, CyCraft continues to prove that from visionary R&D to product commercialization, Taiwan's AI cybersecurity prowess helps herald the future of a secure, trusted, and prosperous AI era.

Reports

Gartner, Emerging Tech: AI Vendor Race: Reasoning Models Reshape Providers' Approaches to AI Pricing, 5 June 2026.

Disclaimer

Gartner does not endorse any company, vendor, product or service depicted in its publications, and does not advise technology users to select only those vendors with the highest ratings or other designation. Gartner publications consist of the opinions of Gartner's business and technology insights organization and should not be construed as statements of fact. Gartner disclaims all warranties, expressed or implied, with respect to this publication, including any warranties of merchantability or fitness for a particular purpose. GARTNER is a trademark of Gartner, Inc. and its affiliates.

About CyCraft

CyCraft Technology (7823.TW) is a Taiwan-listed cybersecurity company, dedicated to automating cybersecurity with AI technology and safeguarding AI models. CyCraft's product suite encompasses XecART, the AI Red Teaming, and XecGuard, the Guardrail API for LLMs and AI Agents. The XCockpit AI platform integrates EASM, IASM, and Endpoint protection, providing preemptive and real-time defense-in-depth. With a proven track record in the government, finance, and semiconductor sectors, and recognition from international institutions, CyCraft continues to safeguard enterprise digital resilience.

The issuer is solely responsible for the content of this announcement.

Hashtags: #CyCraftTechnology

Yacht Club de Monaco accelerates transition to more responsible yachting

Thu, 16 Jul 2026 08:44:00 +0700

MONACO, July 15, 2026 (GLOBE NEWSWIRE) -- The Yacht Club de Monaco is accelerating the transition towards more responsible yachting through a wide range of initiatives, from solar panels and electric boat charging stations to water recycling systems. "Yachting is an ecosystem, and if you want to have a smart boat, you also need to have a smart marina.

If you have an eco-responsible boat, you need to find a place where you can berth it that is equally eco-responsible. It is not only about the boat. The entire ecosystem has to be aligned, including the shipyards, which are making a great effort to build new facilities with greater respect for the planet and the environment.

The same applies to marinas. We have to integrate all these elements into our thinking when we design and prepare the marinas of the future", said Bernard d'Alessandri General Secretary and Managing Director of the Yacht Club de Monaco.

Driven by the forward-looking vision of HSH Prince Albert II of Monaco, under the aegis of its Monaco, Capital of Advanced Yachting initiative, these actions are based on one simple conviction: the future of the sector depends on concrete, measurable and collective solutions. "It's very important for us, and also for the philosophy of the Yacht Club. We are actors and players of the sea, so we need to protect the environment in order to keep sailing and continue discovering the sea. For that reason, we use a technology called thalassothermia, which uses seawater to cool the air-conditioning system through heat exchangers. We also reuse water from the swimming pool, as well as water collected from the sinks and showers at the sailing school, to reduce overall water consumption. Most of this recycled water is used in the Yacht Club's laundry facilities, while part of it is also reused for the pool," explained Nicolas Milanesio, Director of Operations and Security at the Yacht Club de Monaco.

"Another important improvement has been the replacement of the solar panels. The ones originally installed when the building was constructed had become less efficient than today's technologies, so we replaced them with a more advanced system," he added.

Among the many systems integrated into the building to reduce its environmental footprint are low-energy LED lighting, while the YCM Marina features a range of initiatives aimed at protecting the marine environment, including charging stations for electric boats, wastewater recovery systems, Biohuts to support biodiversity, dynamic mooring buoys that limit the impact on the seabed, and a robot designed to collect floating waste.

The YCM Marina also operates a fleet of electric boats as part of the Yacht Club de Monaco's commitment to sustainable yachting. The charging facilities installed along the pontoons serve both the Club's own electric fleet and members who use electric tenders.

"Here at the Yacht Club de Monaco, we have two DC fast chargers of up to 200 kW equipped with CCS2 connectors. Further along the pontoon, we also have several slower chargers to ensure compatibility with all types of electric boats. Our presence here at the Yacht Club de Monaco and at the Monaco Energy Boat Challenge reflects our commitment to supporting the transition towards electric boating by providing the charging infrastructure needed for the event and for the growing number of electric vessels," said Michele Bolpagni, Director of Commercial Strategy at Aqua superPower, which operates the world's first global marine charging network.

Also contributing to the Yacht Club de Monaco's sustainability strategy is the Italian company ESA NanoTech, which specializes in graphene-based solutions and products. "Our technology finds a very interesting environment here at the Yacht Club de Monaco because we share the same vision, one that is focused on innovation, sustainability and energy efficiency. Here at the Yacht Club de Monaco, you can already see some of our solutions in use, ranging from graphene-enhanced carpets in the offices to radiant heating panels installed throughout the Club. These technologies improve comfort while significantly reducing energy consumption," the company said.

Edgar Zvinis, founder of Solandor, has spent the past five years planning and building eco-solar boats, catamarans and other sustainable vessels that align closely with the Yacht Club de Monaco's vision. "The whole concept is about creating an ecosystem that works both at sea and on land, looking at how energy is produced, stored, charged and used. It is a pleasure to be at the Yacht Club de Monaco and hopefully become part of what it is trying to achieve," he said, adding that the company's next step is to open the first Solandor Eco Lounge in Monaco.

Building on this vision, the Yacht Club de Monaco will host the Monaco Smart & Sustainable Marina Rendezvous 2026 on 20-21 September. Organized by M3 Monaco, the event will bring together entrepreneurs, start-ups, scale-ups, industrial groups, investors, marina developers and architects to promote innovative solutions for the development of smarter and more sustainable marinas.

For more information:

Press Office LaPresse - ufficio.stampa@lapresse.it

A photo accompanying this announcement is available at https://www.globenewswire.com/NewsRoom/AttachmentNg/7d8368c4-bd46-4dcc-8ff7-1b8a7689e154

VCI Global Reports FY2025 Results, Highlighting Strategic Restructuring and Positioning for Long-Term Growth

Thu, 16 Jul 2026 08:33:00 +0700

Transformation Year Marked by the Successful Spin-off of VCCG, Strategic Investment in AI Infrastructure and Next-Generation Technologies, and the Completion of a Comprehensive Corporate Restructuring to Position the Company for its Next Phase of Growth

KUALA LUMPUR, Malaysia, July 15, 2026 (GLOBE NEWSWIRE) -- VCI Global Limited (NASDAQ: VCIG) ("VCI Global" or the "Company"), an AI-native operating platform focused on AI infrastructure, digital assets, renewable energy, and enterprise technologies, today announced its financial results for the fiscal year ended December 31, 2025 (the "Financial Results"), a transformational year during which the Company completed a comprehensive corporate restructuring, streamlined its business portfolio, and repositioned itself as an AI-native operating platform focused on scalable, technology-driven growth.

Completed a major strategic transformation, including the spin-off of V Capital Consulting Group Limited ("VCCG"), enabling the Company to sharpen its focus on AI infrastructure, enterprise technology, digital assets, and renewable energy.
Reported revenue of US$26.1 million in the fiscal year ended December 31, 2025, compared to US$27.8 million in the fiscal year ended December 31, 2024.
Revenue from technology development, solutions and consultancy increased 13.3% year-over-year (YoY) to US$12.9 million, demonstrating continued momentum in the Company's technology-driven businesses.
Other income increased to US$9.4 million, increased to US$9.3 million, primarily attributable to a US$5.9 million foreign exchange gain and US$2.5 million in non-recurring settlement compensation.
Reported a net loss of US$30.2 million, primarily reflecting non-cash valuation adjustments, restructuring-related expenses, losses on the disposal of core subsidiaries, and strategic investments in AI infrastructure.
Entered fiscal year 2026 with a streamlined corporate structure designed to accelerate the commercialization of the Company's AI-native operating platform.

"FY2025 was a deliberate transition year for VCI Global. We made the strategic decision to prioritize long-term value creation over short-term earnings by streamlining our portfolio, spinning off VCCG, investing aggressively in AI infrastructure, and repositioning the Group around scalable technology businesses," said VCI Global management team.

"While these actions resulted in significant non-recurring accounting charges and near-term earnings pressure, they also established a stronger operating platform with greater strategic focus. We believe the investments and restructuring undertaken during the year have positioned VCI Global to capitalize on emerging opportunities across artificial intelligence, digital assets, renewable energy and enterprise technologies."

FINANCIAL RESULTS

Revenue for fiscal year ended December 31, 2025 was US$26.1 million, a 6% decrease from US$27.8 million in fiscal year ended December 31, 2024.

VCI Global's revenue generated from the business strategy consultancy segment fee decreased by 29% to US$10.5 million for the fiscal year ended December 31, 2025, compared to US$14.8 million for the fiscal year ended December 31, 2024. The YoY decrease was primarily attributable to the timing of project execution and revenue recognition, as several large engagements reached key completion milestones in the prior year, while newly secured mandates remained in earlier phases of execution during fiscal year ended December 31, 2025. In December 2025, the Company completed the spin-off of this segment through the separation of VCCG, allowing VCI Global to sharpen its strategic focus on AI infrastructure, enterprise technology, digital assets, and renewable energy while enabling VCCG to pursue its growth strategy as a dedicated capital markets advisory business.
The Company's revenue generated from technology development, solutions and consultancy increased by 13.3% to US$12.9 million for fiscal year ended December 31, 2025, compared to US$11.4 million for the fiscal year ended December 31, 2024. The growth was driven by the successful commercialization and delivery of several high-value technology projects, including an AI-powered livestreaming platform, digital marketing solutions, and a gaming platform aggregation project. The segment continued to demonstrate strong execution capabilities and growing market demand for the Company's AI-driven and digital transformation solutions, reinforcing technology as a key growth engine and an increasingly important contributor to VCI Global's long-term growth strategy.
Revenue generated from interest income increased significantly by US$1.1 million, from US$1.2 million in fiscal year ended December 31, 2024, to US$2.3 million in fiscal year ended December 31, 2025, marking an 88% growth. The growth was primarily driven by the continued expansion of the Company's fintech subsidiary, Credilab, which increased its customer loan portfolio, resulting in a larger base of income-generating loans and higher recurring interest income during the year.
VCI Global's revenue generated from other services increased over 2% to US$380.3 thousand for fiscal year ended December 31, 2025, compared to US$373.0 thousand for fiscal year ended December 31, 2024.

	For the Fiscal Year Ended December 31
	2025	2024	Change
	USD	USD	%
Revenue from Business Strategy Consultancy	10,486,348	14,824,502	-29.3	%
Revenue from Technology Development, Solutions and Consultancy	12,935,361	11,412,582	13.3	%
Interest Income	2,285,415	1,214,842	88.1	%
Others	380,298	372,965	2.0	%
Total Revenue	26,087,422	27,824,891	-6.2	%

Other Income for fiscal year ended December 31, 2025 was US$9.3 million, representing a surge of 3,776%, compared to US$241.6 thousand in fiscal year ended December 31, 2024. The increase was primarily driven by a foreign exchange gain of US$5.9 million, reflecting favourable currency movements during the year, and compensation of US$2.5 million received in connection with the decline in share value under a commercial settlement arrangement with a third party.

EBITDA for fiscal year ended December 31, 2025 was negative US$27.5 million.

Net loss attributable to shareholders was US$30.3 million in the fiscal year ended December 31, 2025, primarily reflecting non-cash unrealized valuation adjustments, restructuring-related expenses associated with the Company's strategic reorganization, losses on the disposal of core subsidiaries, and investments made to expand its AI infrastructure and technology capabilities.

Cost of Service was US$6.8 million for the financial year ended December 31, 2025, representing an increase of 37% from US$4.9 million for the financial year ended December 31, 2024.

Consultant fee costs declined by 50% year-over-year to US$1.1 million, reflecting the successful completion of several major consulting engagements in fiscal year ended December 31, 2024 and the Company's transition toward technology-led businesses requiring a different operating model.
IT expenses increased to US$5.7 million as the Company accelerated investments in AI infrastructure, generative AI capabilities, AI digital human technologies, enterprise software platforms and cloud computing resources. These investments are expected to support future product commercialization and long-term scalability.
Subscription fee was US$8.1 thousand for the fiscal year ended December 31, 2025, compared to US$10.9 thousand for the fiscal year ended December 3, 2024.
Other cost of service only incurred US$304 due to the disposal of the Company's education business which resulted in the absence of training expenses and staff-related costs.

	2025	2024	Change
	USD	USD	%
Consultant Fee	1,087,392	2,194,536	-50.5	%
IT Expenses	5,660,899	2,408,554	135.0	%
Subscription Fee	8,116	10,892	-25.5	%
Referral Fee	0	181,139	-100	%
Others	304	153,072	-99.8	%
Total	6,756,711	4,948,193	36.6	%

Depreciation expense increased to US$536 thousand, reflecting significant capital investments made during the year, including the expansion of office and campus facilities, technology infrastructure, enterprise software and equipment required to support the Company's strategic transformation.

Employee benefit expenses increased to US$17.3 million as the Company expanded its workforce across technology, engineering, artificial intelligence and corporate functions to support the execution of its long-term growth strategy.

Other operating expenses primarily consist of marketing expenses, staff welfare, office expenses, travel expenses, secretarial fees and other miscellaneous operating expenses. Other operating expenses increased by US$22.4 million, from US$4.4 million in fiscal year ended December 31, 2024 to US$26.7 million in fiscal year ended December 31, 2025. The increase was primarily attributable to non-recurring charges associated with the Company's strategic transformation, including losses recognized on the disposal of subsidiaries as part of its portfolio optimization initiatives, higher provisions for receivables following prudent management assessments, and investment losses arising from the rationalization of certain investment holdings. In addition, the Company increased investments in customer engagement, brand building, and business development initiatives to support the commercialization of its AI-native operating platform and strengthen its long-term growth prospects.

Basic and diluted earnings per share was negative US$463.01 for the financial year ended December 31, 2025.

CASH POSITION AND CAPITAL ALLOCATION

Net cash generated operating activities was US$2.6 million in fiscal year ended December 31, 2025, from US$22.3 million in the previous fiscal year.

Net cash used in investing activities was US$73.0 million as of December 31, 2025, a significant increase from US$48.6 million as of December 21, 2024.

Net cash generated from financing activities in the fiscal year ended December 31, 2025 was US$66.2 million, primarily reflecting proceeds of convertible notes at US$14.0 million, repayment of finance lease liabilities at US$1.6 million, and proceeds from issuance of shares at US$53.7 million.

Cash and cash equivalents were recorded at US$940 thousand as of December 31, 2025, compared to the US$8.1 million as of December 31, 2024.

About VCI Global Limited

VCI Global Limited (NASDAQ: VCIG) is an AI-native operating platform designed to scale and optimize businesses through centralized intelligence, data, and capital discipline.

The Company operates a platform-based model in which subsidiaries, affiliates, and portfolio companies plug into VCI Global's centralized AI, data, governance, and capital allocation systems, enabling faster execution, improved capital efficiency, and scalable growth across multiple industries.

VCI Global's platform centralizes AI-enabled execution, standardized KPI frameworks, financial and governance controls, and strategic capital allocation, while operating businesses focus on revenue generation, customer relationships, and local execution.

The Company maintains exposure across advisory, AI, and digital infrastructure, digital assets, energy, automotive, and consumer sectors, and continuously evaluates opportunities to scale, spin off, divest, or discontinue businesses based on performance, scalability, and return on capital.

VCI Global's platform-centric approach is designed to enhance productivity, improve IPO readiness, and unlock long-term value through disciplined growth and selective capital deployment.

For more information on the Company, please log on to https://v-capital.co/.

Cautionary Note Regarding Forward-Looking Statements

This press release contains forward-looking statements that are subject to various risks and uncertainties. Such statements include statements regarding the Company's ability to grow its business and other statements that are not historical facts, including statements which may be accompanied by the words "intends," "may," "will," "plans," "expects," "anticipates," "projects," "predicts," "estimates," "aims," "believes," "hopes," "potential" or similar words. These forward-looking statements are based only on our current beliefs, expectations, and other future conditions. Because forward-looking statements relate to the future, they are subject to inherent uncertainties, risks, and changes in circumstances that are difficult to predict and many of which are outside of our control. Therefore, you should not rely on any of these forward-looking statements. Actual results could differ materially from those described in these forward-looking statements due to certain factors, including without limitation, the Company's ability to achieve profitable operations, customer acceptance of new products, the effects of the spread of coronavirus (COVID-19) and future measures taken by authorities in the countries wherein the Company has supply chain partners, the demand for the Company's products and the Company's customers' economic condition, the impact of competitive products and pricing, successfully managing and, general economic conditions and other risk factors detailed in the Company's filings with the United States Securities and Exchange Commission ("SEC"). The forward-looking statements contained in this press release are made as of the date of this press release, and the Company does not undertake any responsibility to update the forward-looking statements in this release, except in accordance with applicable law.

CONTACT INFORMATION:

For media queries, please contact:
VCI GLOBAL LIMITED
enquiries@v-capital.co

Financial Tables

VCI Global Limited and Its Subsidiaries Consolidated Statements of Financial Position As of December 31, 2024 and 2025

	December 31, 2025	December 31, 202
	USD	USD
ASSETS

Non-current assets
Financial assets at fair value through other comprehensive income	17,513,555	28,547,482
Investment in associates	2	-
Property and equipment	1,061,170	573,084
Right-of-use assets	734,696	120,670
Intangible assets	4,050,583	7,288,633
Amount due from related parties	62,833,133	-
Loan receivables	-	6,562,292
Total non-current assets	86,193,139	43,092,161

Current assets
Trade and other receivables	29,512,675	30,009,175
Inventories	257,485	-
Loan receivables	-	10,283,529
Tax recoverable	-	73,976
Cash and bank balances	940,963	8,100,899
Total current assets	30,711,123	48,467,579

Total assets	116,904,262	91,559,740

LIABILITIES AND EQUITY

Current liabilities
Trade and other payables	13,237,049	4,415,133
Lease liabilities	399,858	82,431
Bank and other borrowings	-	160,455
Warrant liabilities	2,625,440	33,305
Convertible note liabilities	2,930,281	-
Amount due to related parties	-	487,111
Income tax payable	692,322	-
Total current liabilities	19,884,950	5,178,435

Non-current liabilities
Lease liabilities	346,754	37,553
Bank and borrowings	-	21,936
Amount due to related parties	456,084	-
Deferred tax liabilities	5,382	-
Total non-current liabilities	808.220	59,489

Total liabilities	20,639,170	5,237,924

VCI Global Limited and Its Subsidiaries Consolidated Statements of Financial Position As of December 31, 2024 and 2025

	December 31, 2025		December 31, 2024
	USD		USD
Capital and reserves
Share capital	150,490,803		76,395,175
Capital reserve	1,609,623		1,461,292
Fair value reserve	(32,709,812	)	(480,596	)
Translation reserves	(2,873,505	)	(981,534	)
(Accumulated losses)/Retained earnings	(20,304,578	)	9,928,734
Attributable to equity owners of the Company	96,212,531		86,323,071
Non-controlling interests	(1,439	)	(1,255	)
Total equity	96,211,092		86,321,816

Total liabilities and equity	116,904,262		91,559,740

VCI Global Limited and Its Subsidiaries Consolidated Statements of Profit or Loss and Other Comprehensive Income/(Loss) For The Years Ended December 31, 2024 and 2025

	December 31, 2025		December 31, 2024
	USD		USD
Revenue	26,087,422		27,824,891
Revenue - related party	-		-
Total revenue	26,087,422		27,824,891

Other income	9,364,628		241,591

Cost of services	(6,756,711	)	(4,948,193	)

Depreciation	(536,519	)	(238,058	)

Amortisation of Intangible Assets	(955,970	)	(207,989	)

Employee benefit expense	(17,345,345	)	(6,811,397	)

Provision for allowance for expected credit losses on loan receivables	(8,424,085	)	(919,271	)

Provision for allowance for expected credit losses on trade and other receivables	(31,867	)	(53,252	)

Rental expenses	(112,726	)	(100,530	)

Legal and professional fees	(3,546,333	)	(2,608,458	)

Finance cost	(619,994	)	(131,912	)

Other operating expenses	(26,744,020	)	(4,362,179	)

Profit before income tax	(29,621,520	)	7,685,243

Income tax expense	(638,107	)	(108,416	)

Profit for the year	(30,259,627	)	7,576,827

Other comprehensive income/(loss): Items that will not be reclassified subsequently to profit or loss:
Fair value adjustment on financial assets, at fair value through other comprehensive income	(32,476,445	)	(10,196,302	)
Items that may be reclassified subsequently to profit or loss:
Exchange differences on translating foreign operation	(2,873,505	)	(1,584,687	)
Other comprehensive income/(loss)	(35,349,950	)	(11,780,989	)

Total comprehensive income/(loss) for the year	(65,609,577	)	(4,204,162	)

VCI Global Limited and Its Subsidiaries Consolidated Statements of Profit or Loss and Other Comprehensive Income/(Loss) For The Years Ended December 31, 2024 and 2025

	December 31, 2025		December 31, 2024
	USD		USD
Profit attributable to:
Equity owners of the Company	(30,259,560	)	7,874,203
Non-controlling interests	(67	)	(297,376	)
Total	(30,259,627	)	7,576,827

Total comprehensive income/(loss) attributable to:
Equity owners of the Company	(65,609,510	)	(3,906,786	)
Non-controlling interests	(67	)	(297,376	)
Total	(65,609,577	)	(4,204,162	)

VCI Global Limited and Its Subsidiaries Consolidated Statements of Cash Flows For The Years Ended December 31, 2024 and 2025

	December 31, 2025	December 31, 2024
	USD	USD
Operating activities
Profit/loss before income tax	-29,621,520	7,685,243
Adjustment for:
Impairment loss on intangible assets	918,324
Provision for allowance for expected credit losses on trade and other receivables	5,155,117	549,924
Provision for allowance for expected credit losses on other receivables	3,268,968	369,347
Provision for allowance for expected credit losses on loan receivables	31,867	53,252
Non-cash revenue	-4,476,756	-
Acquisition of financial assets in shares	-31,974,000	-
Reversal on impairment allowance of trade receivable	-60,808	-
Reversal on impairment allowance of other receivables	-265,920	-
Reversal on impairment allowance of loan receivables	-5,780	-
Loss on investment	868,346	-
Fair value loss on financial assets, at fair value through profit or loss	-	14,407
Share-based compensation awards	6,651,698	1,890,495
Share option expenses	308,878	-
Director fee paid in shares	4,487,613	-
Share-based payment - consultancy fees	4,511,659	2,900,939
Fair value loss on derivative liabilities through profit and loss	1,067,076	-
Write-off on intangible assets	45,765	4,251
Depreciation of property and equipment	130,652	89,414
Depreciation of right-of-use assets	405,866	148,644
Amortisation of intangible assets	955,970	207,989
Change in working capital, net of effects from acquisition and disposal of subsidiaries	42,108,520	399,540
Bad debt written off	4,271,583	-
Conversion of convertible notes	-	-
Issuance of warrant liabilities	503,709	-
Loss on dissolve of subsidiaries	-	1,033
Change in fair value of warrant liabilities	-	33,977
Interest expenses	619,994	131,912
Interest income	-4,908	-4,140
Operating cash flows before movements in working capital	9,901,913	14,476,227

Trade and other receivables	-15,982,127	11,989,387
Inventories	-257,485	-
Loan receivables	-	-8,717,135
Trade and other payables	8,821,916	4,693,637

Cash generated from/(used in) operations	2,484,217	22,442,116
Income tax (paid)/refund	133,573	-162,609
Net cash from/(used in) operating activities	2,617,790	22,279,507

Investing activities
Acquisition of property and equipment	-953,191	-327,077
Acquisition of intangible assets	-5,920,209	-2,290,423
Interest received	4,908	4,140
Acquisition of financial assets, at fair value through other comprehensive income	-7,515,616	-47,710,805
Proceeds from disposal of financial assets measured at fair value through other comprehensive income	4,248,592	1,678,000
Proceeds from disposal of financial assets, net cash and cash equivalents disposed of	-62,833,133	-
Proceed from disposal of financial assets, at fair value through profit and loss	-	1,785
Net cash (used in)/from investing activities	-72,968,649	-48,644,380

Financing activities
Proceed from issuance of ordinary shares	53,681,106	35,013,797
Proceeds from lease liabilities	1,159,035	-
Repayment of other borrowings	-	-
Repayment from bank borrowings	-9,673	-23,989
Interest paid - Lease obligation	-	-9,491
Interest paid - convertible notes	-	-
Interest paid	-619,994	-
Proceeds from initial public offering, net of transaction cost	-	-
Payment for initial public offering expense	-	-
Payment for lease liabilities	-1,585,022	-160,827
Repayment of advances made from related parties	-439,048	-290,882
Proceeds from issuance of convertible notes	14,000,000	-
Dividend paid		-
Net cash (used in)/from financing activities	66,186,404	34,528,608
Net increase/decrease in cash and cash equivalents	-4,164,455	8,163,735
Foreign exchange effect	-2,995,481	-1,073,291
Cash and bank balances at beginning of year	8,100,899	1,010,455
Cash and bank balances at end of year	940,963	8,100,899

North-East-Based Turntide Receives Initial Battery Production Order from Hitachi Rail for Arriva's Grand Central Intercity UK Battery Trains

Thu, 16 Jul 2026 08:24:00 +0700

New batteries to enable greener train operations to remove over 600 engines on existing trains, offering lower cost of operations, more range, and path to zero-emissions travel.

Gateshead, U.K., July 15, 2026 (GLOBE NEWSWIRE) -- Turntide Technologies (Turntide), a global leader in electrification and hybridisation solutions and a long-standing North East manufacturer, received its first order from Hitachi Rail to begin production of its next-generation modular battery system for the first U.K.-manufactured battery trains for Arriva's Grand Central.

First announced on July 2, 2025, this partnership involved an R&D component and has officially moved into production with the potential to support either new battery trains or retrofitting over 600 engines on existing Hitachi Rail U.K. fleets.

This new battery system will allow for lower cost of operations, extended range, and a path to zero-emission travel, while reducing reliance on fossil fuels and improving air quality and noise pollution. Turntide's bespoke batteries are designed to deliver even greater power density in the same footprint of a diesel engine. This battery production is an advanced manufacturing milestone for Arriva's Grand Central new fleet, which is being built in Newton Aycliffe, County Durham by Hitachi Rail.

This latest advancement in battery train technology follows a successful intercity trial which exceeded expectations in 2024. In a U.K.-first, the trial proved that Turntide's battery system can be installed on Hitachi Rail trains to reduce fuel costs by 30% to 50% or deliver zero-emission travel in battery mode. This is especially important for improving air quality in and around stations that are not yet electrified.

"Following several years of close collaboration, we are now moving into production with Hitachi Rail to deliver quieter, more fuel-efficient, and environmentally friendly rail transport in the U.K.," said Steve Hornyak, CEO of Turntide Technologies. "As operators and customers want to be less reliant on fossil fuels, we see growing global demand for hybrid and electric solutions in passenger rail."

With roughly half of the global rail network still relying on diesel, tri-mode systems offer a faster and more cost-effective alternative to installing new electrification infrastructure, which can require significant time and investment.

Koji Agatsuma, Chief Technology Officer Vehicles, Hitachi Rail said, "This milestone shows that the UK does not need to wait for battery train manufacturing capability - it already exists in the North East. Our ?30 million investment, proven trials, the skilled workforce at Newton Aycliffe, and our partnership with Turntide have moved battery trains from concept to reality.

"Combined with our HMAX for Rail digital platform, this technology will reduce energy consumption and optimise battery charging to make greater use of renewable energy when it is most available and grid demand is lower.

"This battery and digital innovation are part of Hitachi Rail's preparation for the next phase of train manufacturing, where battery power will deliver greener and more reliable journeys, while supporting the Government's Northern Growth Strategy."

Paul Hutchings, Arriva's Managing Director for Rail Services, commented, "We're proud to be the very first adopters of this battery technology following our collaboration with Turntide and Hitachi to deliver our new tri-mode trains, which enter the Grand Central fleet from 2028. Our ?300 million investment in a completely new fleet will mean best-in-class, low emission trains delivering more comfortable and sustainable journeys as well as additional capacity on our network."

About Turntide Technologies

Turntide Technologies designs and manufactures best-in-class electric motors, power electronics, energy storage, and thermal equipment for anything that moves.

Turntide Technologies operates in North America, the U.K., and India and serves customers in global markets and industries including off-highway equipment, commercial vehicles, rail, marine, light vehicles, and premium automotive.

#####

Contact Info

Lori Ditoro

Lori.ditoro@turntide.com

+44 191 497 9000

Attachments

High-voltage batteries

High-voltage batteries 2