Experts say a self-contained, service-led residential format built for multigenerational ownership is emerging at the very top of the market - and that demand for it is rising worldwide.

SINGAPORE - Media OutReach Newswire - 13 August 2026 - Experts in premium residential real estate note that a distinct new category is forming at the top of the market, and that demand for it is rising around the world. Property market specialists describe the emerging tier as the presidence: a self-contained community of private residences bound together by shared infrastructure and anchored by a five-star hotel under an international brand - a format designed to be lived in and passed down across generations, rather than simply owned.

The trend reflects a structural shift in global wealth. According to Knight Frank's Wealth Report 2026, the number of individuals worth more than US$30 million climbed from 551,435 to 713,626 between 2021 and 2026 - a gain of more than 160,000, equivalent to 89 people crossing that threshold every day. Forbes, meanwhile, records 3,428 billionaires worth a combined US$20.1 trillion.

This wealth is also increasingly mobile. Henley & Partners projects that 165,000 high-net-worth individuals will relocate internationally in 2026 - a 16 per cent rise on the record 142,000 of 2025 - as affluent families build cross-border portfolios of homes and residence rights rather than tying themselves to a single jurisdiction. The appetite for professionally serviced, brand-anchored homes is visible in the development pipeline: Savills reports that the number of branded residential schemes worldwide grew 19 per cent in 2025, to around 910, and is on course to reach 1,747 by 2032, with the Middle East and North Africa the fastest-growing region over the past five years, at 187 per cent.

As the apex of the wealth pyramid rises, specialists say, demand at the very top is moving away from headline price-per-square-foot toward space, privacy, wellbeing, autonomy and a home that can be held and handed down across generations. The case for treating this as a distinct category was set out in a recent column by real estate adviser Ku Swee Yong, CEO of International Property Advisor Pte Ltd and an adjunct faculty member at Singapore Management University, where he teaches Real Estate Investments & Finance."Luxury residence has a new crown, and it has a name: presidence," he writes.

According to the expert, a property of this kind should meet several defining criteria: it should occupy an exceptional location among peer residences, be built to the highest standards of quality, provide space, a healthy natural environment, security and self-sufficiency, and create a place where owners and their families can live out every stage of life - building careers, raising children, enjoying leisure, prioritising health and wellbeing, welcoming family and friends, and ultimately passing the home down through generations. Privacy in this case does not mean isolation: rather than retreating behind their own gates, members of the presidence become part of a carefully formed community of peers, surrounded by people with comparable values, interests and ways of life.

These principles are, in practice, being formalised into a fuller set of criteria that distinguish a presidence from a conventional luxury development. At its most complete, the format is defined by:

A five-star hotel operated by an international brand present in at least three countries, located within the development;

A single estate of 200 hectares (around 500 acres) or more;

Full-spectrum infrastructure within one perimeter - indoor and outdoor sport, a central clubhouse, wellness, dining, parks and natural areas, a medical centre, recreation and security, plus a lifestyle anchor such as a golf, equestrian or yacht club;

A clear separation of public and private zones, with residences kept behind their own multi-layered security perimeter and isolated from guest-facing spaces such as the hotel, restaurants and spa;

A 24/7 premium service model featuring a dedicated resident care team, concierge services, standardised service-level agreements (SLAs), and a digital platform for managing every household and lifestyle need;

A unified architectural code governing the style and coherence of every building on the estate;

An equal-neighbour principle, under which a community of like-minded owners who can enjoy privacy while remaining part of an engaging social environment is formed.

Fully integrated examples remain rare worldwide, and demand, specialists say, is running ahead of supply as the number of ultra-wealthy households continues to grow.

Prosvet Communication Studio

Prosvet Communication Studio is a full-cycle communication studio working across PR and communications strategy, media relations and influence, personal branding, digital PR, events and production.

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

Hashtags: #property #realestate #residentialproperty #hnwi

Food & Drink is now the fastest-growing category among Airbnb Experiences in Indonesia by search demand, with Bali emerging as the top spot for culinary bookings.

BALI, INDONESIA - Media OutReach Newswire - 12 August 2026 - For many travelers, exploring local culinary traditions is the trip itself. New Airbnb data highlights the popularity of culinary Experiences across Indonesia, with both domestic and international travelers seeking out food-led activities for a more authentic taste of the culture.

Since its launch, Food & Drink has become Airbnb Experiences' third-most-popular category in Indonesia, behind only Nature & Outdoors and History & Culture[1]. Bali sits at the heart of this culinary interest, with over 90% of all culinary Experience bookings in Indonesia taking place on the island1.

Guest feedback backs this up. Indonesia's culinary Experiences carry a 4.94 average rating, with reviewers most often reaching for words like "authentic," "traditional," "hands-on," "local," and "family"[2].

The appetite extends beyond Experiences, too: searches for Airbnb homes with kitchen amenities in Indonesia are up over 20% year-on-year[3], suggesting that more guests are choosing stays where they can cook together and recreate the local flavours they discover during their trip.

Amanpreet Bajaj, Airbnb's Country Head for Southeast Asia & India, said, "Today's travelers are increasingly looking for experiences that help them connect more deeply with the places they visit, and food has become one of the most meaningful ways to do that. Whether it's shopping at a neighbourhood market, learning a family recipe, or cooking together in an Airbnb, these moments create lasting memories while supporting local communities. Through Airbnb Experiences, we're proud to help travelers discover Indonesia in a way that feels more personal, immersive, and connected to local culture."

To spotlight this growing appetite for culinary travel, Airbnb recently hosted a one-off Culture & Culinary Trail luncheon in Bali with renowned chefs Arnold and Reynold Poernomo - a chef-curated dining moment celebrating Bali's culinary heritage through local ingredients and stories. The luncheon offered a preview of what travelers can already find on Airbnb Experiences: intimate sessions on local food culture, interactive dining sessions, and meals hosted by local chefs in Bali and beyond.

Arnold Poernomo said, "As chefs, we've always believed that some of the most memorable travel memories happen around the dining table. Food has a unique way of bringing people together and telling the story of a place through its ingredients, traditions, and the people behind them. By hosting this luncheon with Airbnb, we wanted to celebrate Bali's rich culinary heritage and inspire travelers to look beyond the plate, to discover the culture, communities, and local stories."

For Reynold Poernomo, the most memorable travel experiences often begin with discovering the people behind the food.

"For the more adventurous, go to the markets, and you'll discover some unique produce that you'll most likely not find in any other part of the world. That's part of why we love what Airbnb Experiences does - it connects you directly with local hosts who can take you to those markets and show you ingredients you'd never find wandering on your own."

The Poernomo brothers recommend three Airbnb Experiences worth booking on a Bali trip:

A guided 15-course tasting menu at Room4Dessert - Join Chef Will Goldfarb, winner of the 2021 World's Best Pastry Chef award, on a five-stop journey from his kitchen and garden to a fireside dessert finale.

Organic Balinese farm cooking in Ubud - Explore organic farming practices, pick fresh ingredients and prepare Balinese dishes.

Track fireflies in Bali with a conservationist - Harvest herbs, cook a Balinese feast, and watch Indonesia's only firefly breeding lab light up the night with conservationist Wayan Wardika.

As travelers continue seeking slower, more meaningful ways to explore destinations, Airbnb Experiences inspire visitors to discover a different side of Bali - through the people, ingredients, and stories shared around the table.

Disclaimer: All Experiences referenced are intended purely to inspire and illustrate. Airbnb does not recommend or endorse specific listings on the Airbnb platform.

[1]Based on Airbnb internal data of Experience categories across Indonesia

[2] Based on Airbnb internal data reflecting Q1 2026 average star ratings and 5-star rates for culinary Experiences in Indonesia, as well as the highest-ranking review keywords mentioned for culinary Experiences in Bali

[3]Based on Airbnb internal data of the most searched amenities for listings in Indonesia, comparing February?March 2025 to February-March 2026

Airbnb

About Airbnb

Airbnb was born in 2007 when two hosts welcomed three guests to their San Francisco home, and has since grown to over 5.5 million hosts who have welcomed 2.5 billion guest arrivals in almost every country across the globe. Every day, hosts offer unique stays and experiences that make it possible for guests to connect with communities in a more authentic way. https://news.airbnb.com

For more information, please contact:

Nicolette Koh, Airbnb - nicolette.koh@ext.airbnb.com

Maverick Indonesia - airbnb@maverick.co.id

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

Hashtags: #Airbnb #AirbnbExperiences #Travel #TravelTrends

https://www.airbnb.com/

https://www.instagram.com/airbnb/

BEIJING, CHINA - Media OutReach Newswire - 12 August 2026 - SOKOYO, a top manufacturer of solar street lights, has installed 252 sets of lighting units in QatarEnergy's solar power project in Ras Laffan and Masaieed in Qatar.

Installation of SOKOYO's split solar street lights for the project being built by Samsung C&T Corp. was completed in July. The arrangement of solar panels was customized at the customer's request for ease of maintenance.

"SOKOYO provided us with a specially customized solution for our power station," said Ms. Kathy, senior procurement manager for Samsung. "The entire solar street lighting system consistently met our expectations for brightness, battery life and overall reliability."

SOKOYO, founded in 2008, has manufactured more than 1 million lighting units installed in a wide range of settings across SoutheastAsia, Africa, the Middle East and Central Asia.

The company manufactures its own LED modules, solar panels, batteries, light housings and light poles. They have third-party certification for European Union and other safety and reliability standards, which qualifies them for export to global markets.

SOKOYO is regularly appointed to bodies that establish national and industry standards.

SOKOYO's product line includes all-in-one solar street lights, all-in-two solar street lights and split-type solar street lights. They can be controlled remotely with IoT technology to improve safety and efficiency. Using solar power makes them immune to disruptions in supplies of oil and gas.

As the industry evolves to focus on "system-level R&D," SOKOYO is reducing customer costs by enhancing reliability and resistance to heat and cold. To improve efficiency, it is developing smart lighting and IoT applications. It is promoting modular production, intelligent manufacturing and standardized process management.

The research team has seven engineers, some with more than two decades of industry experience. They develop technology for a wide range of environments and customer needs.

SOKOYO has experience in markets including Thailand, thePhilippines, Pakistan, Saudi Arabia and Nigeria. It has developed technology to cope with heat, humidity, sandstorms and low light during extended rains, a challenge in central Africa and other areas.

In Uganda, SOKOYO supplied 1,000 light sets to help improve safety on a busy expressway between the capital, Kampala, and the eastern industrial center of Jinja. They provide the first nighttime lighting on a 22-kilometer section of road crowded with trucks, buses and motorcycles.

In Yemen and the United Arab Emirates, SOKOYO lights use LED modules developed to cope with heat, sun and sand.

The company supplied more than 2,000 light units to Saudi Arabia's planned high-tech city of NEOM as part of the Saudi 2030 Vision plan.

Customers can use SOKOYO's test facilities to try out different light configurations. Lights can be tested on roads of up to four lanes in an1,100-square-meter darkroom. Designers and urban planners can ensure light is distributed effectively, eliminating dark areas on the road and improving safety.

Batteries are tested to confirm they resist crushing, heat and cold, vibration, overcharging or being dropped. LED modules are drenched in salt spray for up to 72 hours to make sure they resist corrosion.

SOKOYO has been chosen for bodies that formulated eight national and industry standards including the "General Technical Specification for Solar Photovoltaic Lighting Devices" in 2025 with definitions and standards for split-type and integrated solar devices.

SOKOYO products have third-party certification that they meet standards of the International Electrotechnical Commission (IEC) and other bodies.Its batteries meet the requirements of the CB scheme under the IEC, recognized in more than 50 countries. Tests confirm they withstand overcharging, high temperature, vibration, impact and short circuit.

The company's solar panels received IEC certification that they meet standards for electric shock protection, temperature changes, damp, heat, humidity, hail impact and other factors.

SOKOYO participates in efforts to improve the industry's reputation by promoting "zero false labeling" and reliable products that refuse to cut corners.

SOKOYO pays attention to the environment. Its products are designed to minimize light pollution and limit disruption for wildlife, stargazers and the public.

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

Hashtags: #SOKOYO

Pitch Notes:

Surging investment around the globe is transforming the risk profile of data centers from commercial real estate into critical infrastructure with the US and China accounting for more than 60% of global capacity additions through 2030.

Climate resilience is emerging as a major issue for data center construction as almost 80% of global capacity is located in areas with heightened natural catastrophe risks.

The global data center insurance market is expected to more than double in value to US$24bn by 2030, while losses from major fire and natural catastrophes can already run into hundreds of millions of dollars.

SINGAPORE - Media OutReach Newswire - 12 August 2026 - Artificial intelligence is driving one of the largest infrastructure investment cycles in decades, but the rapid global build-out of data centers is also creating a new era of construction, operational, climate and insurance risks, according to the latest Allianz Commercial The data center construction boom: risks and claims trends report. Annual investment in data centers is projected to double from around US$500bn in 2024 to more than US$1trn as early as 2027. The investment opportunity extends far beyond server halls to electricity generation, grid infrastructure, cooling, networking, and semiconductors. According to Allianz Research, the US and China are expected to account for around 62% of new global capacity additions through 2030, but the next wave of investment is becoming increasingly global. In Europe, Germany, the UK and Ireland remain major markets, but faster expansion is expected in Spain, Finland and Denmark, where power availability and permitting conditions can be more favorable. Across Asia Pacific, excluding China, installed capacity is projected to increase from around 9GW today to more than 28GW by 2030, with Malaysia expected to grow more than tenfold.

"AI is turning the latest generation of data centers from a specialist real estate asset into mission-critical infrastructure," says Thomas Lillelund, CEO of Allianz Commercial. "The scale of investment is extraordinary and, as these centers evolve beyond traditional data storage to high-performance compute demands, success will increasingly depend on resilience: access to power, reliable supply chains, robust construction controls, as well as climate-aware site selection and insurance programs that reflect the true accumulation risk. Indeed, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects."

Resilience must be central to data center operations

The sector's biggest constraints are increasingly physical rather than financial. Competitive advantage is increasingly determined by access to electricity, grid connections, permitting, specialized equipment and skilled labor. In the US alone, the construction industry faces a shortage of around 439,000 skilled workers, while an estimated 349,000 additional workers may be needed in 2026. Climate resilience is increasingly a strategic consideration rather than an operational afterthought. Around 79% of global data center capacity is already located in areas exposed to heightened natural catastrophe risk, while 54% is exposed to chronic heat and drought stress. Some of the fastest-growing AI infrastructure markets are also among the most climate-exposed, including Northern Virginia, US, Johor in Malaysia, and Marseille, France. Acute flood, wildfire and wind exposure is highest in the Americas, affecting 86% of capacity, while chronic heat and drought stress is greatest in Asia Pacific, where 89% of capacity is exposed.

Global data center insurance market will more than double by 2030

Insurance is evolving alongside the sector. As data centers assume a more critical role in infrastructure, comprehensive insurance cover has become a prerequisite for financing many large-scale AI infrastructure projects. Construction costs for a single AI campus can exceed US$20bn, with insured values rising substantially once high-performance computing equipment is installed. The global data center insurance market is projected to grow from around US$11bn today to more than US$24bn by 2030, reflecting rapid capacity expansion, rising insured values and increasing operational complexity. Demand is expected to extend beyond traditional property cover towards integrated solutions spanning construction, engineering, property, business interruption, cyber and liability, while also creating new opportunities in areas such as energy resilience, operational continuity, and technology risk.

Risk and claims trends: fire drives severity; water damage frequency

Allianz Commercial analysis of insurance industry data center-related claims shows that fire is the leading driver of loss severity, accounting for well over 50% of around ?700mn (US$800mn) worth of losses. Natural catastrophe activity ranks second, followed by willful acts, which include crime and cyber incidents, followed by power failure. Water damage is the most frequent cause of data center claims, followed by willful acts, fire, and equipment breakdown. Business interruption is the primary driver of claims severity by line of insurance, highlighting the significant financial impact of operational downtime.

The data center risk profile is changing as facilities become larger, more complex, and more increasingly interdependent. Hyperscale and colocation of campuses can bring together multiple tenants, construction works, servers, supporting utilities and on-site infrastructure in one physical or operational space. A single event can therefore trigger claims across property, construction, business interruption, liability, cyber, and financial lines. Real-life claims case studies show that in hyperscale facilities, damage to external cooling systems, hot works-related fire damage, and a delay in start-up caused by power disturbances have each resulted in losses in the US$50mn to US$100mn range.

"For insurers, the key question is not only the value of the building, but the concentration of value and dependency inside and around it. Power, cooling, batteries, fiber routes, testing and commissioning, and business continuity planning are all part of the same risk picture. Effective risk mitigation must begin early and continue throughout the data center lifecycle. Resilience must be designed in from the earliest planning stage," explains Christian Kolbe, Global Head of Construction Claims at Allianz Commercial.

Clarity between policies essential to avoid ambiguity

Data center projects encompass different project phases with several stakeholders and interests involved, which can create complications. During the construction phase, stakeholders include the owner, developer, contractor, and subcontractors, whereas in the operational phase, the stakeholders include the owner-operator, and potentially multiple tenants or end users. For example, different policies could respond to a hot works-related fire resulting in damage to a data center nearing completion, and this would impact different stakeholders.

"Clarity is critical with an insurance claim," says Charlotte Field, Regional Head of Short-tail Claims, Asia, at Allianz Commercial. "Clearly documented handovers are essential between your construction all-risk policy and operational policy. There must be no ambiguity about practical completion, in order to avoid disputes over which policy responds to a particular event and the extent of cover."

About Allianz Commercial

Allianz Commercial is the center of expertise and global line of Allianz Group for insuring mid-sized businesses, large enterprises and specialist risks. Among our customers are the world's largest consumer brands, financial institutions and industry players, the global aviation and shipping industry as well as family-owned and medium enterprises which are the backbone of the economy. We also cover unique risks such as offshore wind parks, infrastructure projects or film productions. Powered by the employees, financial strength, and network of the world's #1 insurance brand, we work together to help our customers prepare for what's ahead: They trust us in providing a wide range of traditional and alternative risk transfer solutions, outstanding risk consulting and Multinational services as well as seamless claims handling. Allianz Commercial brings together the large corporate insurance business of Allianz Global Corporate & Specialty (AGCS) and the commercial insurance business of national Allianz Property & Casualty entities serving mid-sized companies. We are present in over 200 countries and territories either through our own teams or the Allianz Group network and partners. In 2025, the integrated business of Allianz Commercial generated around ?17.3 billion in gross premium globally. https://commercial.allianz.com/

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

Hashtags: #AllianzCommercial

https://commercial.allianz.com/

https://www.linkedin.com/company/allianz-commercial/

SYDNEY, Aug. 12, 2026 (GLOBE NEWSWIRE) -- Sepuluh trader Pro M yang diberi modal sebesar US$1 juta oleh Axi Select berkumpul di Madrid pada bulan Juli lalu untuk mengikuti acara eksklusif yang memadukan pencapaian, pendampingan, dan dialog bermakna dengan jajaran pimpinan eksekutif Axi.

Setelah mencapai tingkatan bergengsi Pro M (level tertinggi dalam program alokasi modal Axi Select), para trader tersebut datang dari berbagai penjuru dunia untuk menghadiri acara eksklusif khusus undangan. Acara ini diselenggarakan untuk mengapresiasi kesuksesan mereka sekaligus mempererat hubungan antara Axi dan talenta trading berkinerja terbaiknya.

Berbeda dari konferensi atau seremoni penghargaan pada umumnya, pertemuan di Madrid ini berfokus dalam membangun hubungan yang tulus. Agenda utama dalam program ini adalah sesi diskusi informal dalam suasana akrab bersama CEO Axi, Rajesh Yohannan, dan COO, Gavin Ward. Melalui sesi tersebut, para trader berkesempatan membahas perjalanan pribadi mereka, realitas pengelolaan modal yang didanai, serta tuntutan dunia trading modern yang terus berkembang.

Diskusi tersebut membahas berbagai topik termasuk strategi pasar. Peserta berbagi pengalaman tentang perbedaan psikologis antara trading dengan modal yang dialokasikan dan trading dengan menggunakan dana pribadi, pentingnya disiplin untuk menjaga konsistensi keuntungan, serta berbagai pelajaran yang diperoleh selama mengikuti tahapan pendanaan Axi Select. Percakapan tersebut berkembang menjadi pertukaran ide yang nyata. Jajaran pimpinan Axi juga menyimak langsung pandangan para trader yang turut membentuk masa depan trading dengan modal yang diberikan perusahaan penyedia dana.

Sepanjang acara, sesi formal dipadukan dengan berbagai kesempatan untuk berbincang dalam suasana yang lebih santai, termasuk makan bersama, diskusi individual, dan kegiatan sosial. Berbagai kegiatan tersebut memberi ruang bagi trader dan pimpinan eksekutif untuk membangun hubungan di luar sesi presentasi dan ruang pertemuan.

Rajesh Yohannan, Chief Executive Officer di Axi mengatakan:

"Berinteraksi langsung dengan para trader Pro M di Madrid mengingatkan saya bahwa di balik setiap pencapaian dalam tahapan pendanaan terdapat individu yang telah menjalani proses selama bertahun-tahun dengan penuh disiplin, berbekal keyakinan diri yang kuat. Axi Select hadir untuk mendukung talenta seperti mereka, dan acara seperti ini membantu kami tetap dekat dengan orang-orang yang menjadi alasan program ini dibuat."

Peserta Acara di Madrid dari Kelompok Trader Pro M

Sook Yen

Francisco

Alejandro

Yoleny G

Ramon

Jaime

Sergio

Tomas

Daniel

Vincente

Dengan terus berkembangnya Axi Select di tingkat global, inisiatif seperti pertemuan di Madrid ini menunjukkan komitmen perusahaan untuk mengapresiasi keunggulan, menciptakan peluang kolaborasi yang bermakna, serta menempatkan trader sebagai inti dalam setiap pembahasan.

Tentang Axi 

Axi merupakan penyedia layanan trading online global yang menawarkan akses ke valas, indeks, komoditas, dan aset digital bagi klien di lebih dari 100 negara. Perusahaan memadukan teknologi trading, edukasi, dan berbagai inisiatif kemitraan untuk mendukung pengembangan trader di seluruh dunia.

Pertanyaan media: mediaenquiries@axi.com

Program Axi Select hanya tersedia bagi klien AxiTrader LLC. CFD memiliki risiko kerugian investasi yang tinggi. Konten ini mungkin tidak tersedia di wilayah Anda. Untuk informasi selengkapnya, baca Ketentuan Layanan Axi. Berlaku biaya trading standar dan setoran minimum.

ST. PAUL, Minnesota, Aug. 13, 2026 (GLOBE NEWSWIRE) -- Egg Medical mengumumkan bahwa Rampart IC, LLC ("Rampart") telah mencabut bandingnya atas keputusan pemeriksaan ulang USPTO yang menyatakan bahwa klaim-klaim dalam Paten AS No. 11, 660,056 milik Rampart, sebagaimana awalnya diberikan, tidak sah.

Pembatalan oleh USPTO tersebut didasarkan pada alasan bahwa invensi dalam Paten '056 yang telah diterbitkan sebelumnya sebenarnya telah lebih dahulu ditemukan oleh pihak lain, atau hanya merupakan variasi yang jelas dari karya pihak lain, termasuk Egg Medical.

Klaim-klaim yang kemungkinan tetap berlaku setelah pemeriksaan ulang merupakan hasil dari pembatasan signifikan yang diterapkan Rampart terhadap klaim-klaim yang diterbitkan sebelumnya sehingga mempersempit cakupan Paten '056.

Pemeriksaan ulang terhadap Paten '056 diajukan oleh Egg Medical setelah Rampart menggugat Egg Medical di Pengadilan Distrik AS atas pelanggaran terhadap Paten '056 dalam bentuk aslinya. Egg Medical tidak pernah sengaja memicu perselisihan dengan Rampart. Namun, karena tindakan Rampart tersebut, Egg Medical telah memberikan pemberitahuan bahwa pihaknya memiliki paten yang lebih dahulu dan mendesak Rampart untuk menghentikan segala kegiatan yang melanggar paten milik Egg Medical.

Chief Executive Officer Egg Medical, Robert Wilson, berkomentar, "Melindungi hak sebagai penemu merupakan hal yang penting. Kami berterima kasih kepada Kantor Paten atas pemeriksaan ulang yang menyeluruh terhadap paten Rampart. Pembatalan klaim-klaim yang awalnya dikabulkan dalam Paten '056 serta kemungkinan diterbitkannya klaim dengan cakupan lebih sempit dan tidak mencakup lini produk kami semakin memperkuat integritas sistem paten AS."

Gavin Philips, Chief Commercial Officer Egg Medical, menambahkan, "Egg Medical akan terus berinvestasi pada hal-hal yang benar-benar penting bagi pelanggan kami, yaitu teknologi yang telah mendefinisikan kategori Perangkat Perlindungan Radiasi yang Ditingkatkan: perlindungan seluruh ruangan melalui reduksi radiasi hambur yang melindungi seluruh tim prosedural, tanpa perlu pekerjaan konstruksi, tanpa perangkat beroda yang memicu risiko tersandung, serta tanpa mengganggu alur kerja."

Tentang Egg Medical

Egg Medical merupakan perusahaan terkemuka di bidang perlindungan radiasi global, yang didirikan dengan tujuan mereduksi paparan radiasi pada tenaga kesehatan yang menggunakan pencitraan sinar-X untuk menjalankan prosedur diagnostik dan terapeutik guna menyelamatkan nyawa pasien.

Kontak Media:

Susan Storm, sstorm@eggmedical.com

JAKARTA, INDONESIA - Media OutReach Newswire - 11 August 2026 - Green SM has officially launched the "Green SM Is Listening" program across Indonesia as part of its ongoing commitment to enhancing service quality and delivering an even better customer experience.

Through the program, Green SM aims to establish a new benchmark for ride-hailing service standards, with a focus on greater transparency, consistency, and reliability across Indonesia.

Starting August 2026, the "Green SM Is Listening" program will be rolled out nationwide, further reinforcing the role of customers in shaping and raising service standards in line with Green SM's previously announced "5 Green Promises" service commitment.

Through the program, customers are invited to submit feedback, report unsatisfactory experiences, or share suggestions for improvement via Green SM's official email address at listening.id@greensm.com. To support the verification process, customers are encouraged to include relevant photos or supporting documents where applicable. Feedback may cover every stage of the service experience, including pick-up and drop-off, vehicle condition, safety, and driver conduct.

Green SM's dedicated team will review, verify, classify, and respond to all submissions as quickly as possible. Every case will be assessed based on available data, supporting materials, and relevant evidence to help the company continuously improve its service quality and customer experience.

Customers whose verified feedback contributes to improving service quality will be eligible to receive appreciation rewards ranging from IDR 300,000 to IDR 5,000,000. Any additional recognition will be provided at Green SM's discretion and in accordance with its applicable policies. Alongside the launch of the customer feedback program, Green SM has also updated its Driver Code of Conduct, incorporated into its partnership agreements with driver-partners, reflecting shared standards for professionalism and behavior to support consistent service quality across the network.

Through this pioneering initiative, coupled with meaningful appreciation rewards, Green SM aims to encourage customers to actively contribute to the continuous improvement of its services. The program reflects not only the company's customer-first mindset and willingness to listen, but also its commitment to continuously strengthening service standard in line with its partnership agreement, raise service standards across the industry, and foster the continued development of the entire GSM ecosystem.

Deny Tjia, Managing Director of Green SM Indonesia, said: "We believe that how a company responds when a customer's experience falls short of expectations is one of the fastest and most effective ways to build trust. Through the 'Green SM Is Listening' program, we are turning customer feedback into opportunities to further enhance our service standards while promoting a transparent and fair process. This initiative reflects our long-term commitment to building a safe, reliable, and responsible mobility service in Indonesia."

Nearly two years after entering the Indonesian market, Green SM has expanded its presence to five major cities, including Jakarta, Bali, Surabaya, Makassar, and Bandar Lampung, steadily building an integrated all-electric mobility network across key urban centers. Today, Green SM serves millions of all-electric trips each day, not only meeting growing mobility demand but also contributing to higher service standards across the market, creating a positive impact on urban transportation while accelerating Indonesia's green transition.

Green SM welcomes and is committed to receiving all customer feedbacks, with appreciation gifts offered for contributions related to:

Service quality issues and driver professionalism, including inappropriate communication, uniform violations, passenger pick-up and drop-off issues, vehicle condition, and assistance in the event of incidents;

Incorrect fare calculation and payment issues, including unauthorized charges, incorrect toll fees or other additional charges, and requests for cash payments or tips;

Safety and integrity issues, including harassment, threats, the use of alcohol or prohibited substances, fraud, and theft;

Failure to safeguard customer privacy and property, including unauthorized recording, dissemination of images, or misappropriation of customer property;

Application and system issues, as well as suggestions for improving service quality.

With a commitment to reviewing all feedback and reports through a transparent and objective process that respects the rights and interests of all parties, Green SM will provide an initial response within two hours of receiving customer feedback.

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

Hashtags: #GreenSM

VICTORIA, Seychelles, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has expanded its CFD business with the launch of Institutional-Grade Liquidity Solutions, a dedicated offering for quantitative trading teams, proprietary trading firms (Prop Firms), funds, retail brokers, and high-net-worth professional traders.

The solution brings together 100% Straight-Through Processing (STP), deep multi-tier liquidity, sub-millisecond order matching, and FIX API connectivity for clients managing large-volume and automated trading strategies.

The launch comes as automation plays a growing role in global trading. Quantitative strategies, high-frequency trading, futures-spot arbitrage, and Expert Advisor (EA) models place different demands on execution compared with typical retail activity. At higher volumes and frequencies, market depth, order routing, latency, and connectivity to proprietary systems can have a direct impact on execution quality.

Bitget has built the new offering around a 100% STP execution model. Orders are routed directly to external liquidity pools without manual dealing intervention, giving clients a clear path from order submission to the underlying liquidity provider. The model is designed for firms running sustained order flow and strategies that require consistent market access across different conditions.

Bitget aggregates liquidity across institutional sources, including Tier-1 banks and non-bank market makers, with multiple levels of market depth available to clients. For firms placing larger orders or executing continuously, deeper order books can help reduce slippage and market impact when the liquidity available at the top of the book cannot absorb the full trade at a single price. Bitget's trading servers are deployed in major financial data centres, including London (LD4) and Tokyo (TY3), with dedicated networks and direct fibre connectivity supporting sub-millisecond order matching. The solution also supports FIX API, allowing quantitative teams, brokers, and other institutional clients to connect existing proprietary systems, bridges, and liquidity aggregators directly to Bitget's CFD environment.

"As trading becomes more automated and sophisticated, the quality of the infrastructure behind every trade becomes increasingly important," said Gracy Chen, CEO of Bitget. "Professional traders need consistent execution, deep liquidity and reliable connectivity to run their strategies effectively at scale. With our institutional liquidity offering, we are strengthening the foundation of our CFD business to serve these clients better and support the next stage of Bitget's growth across global markets."

Client assets are segregated from Bitget's operational funds and held through independent custody accounts, alongside compliance reviews and third-party auditing standards. This framework provides institutional clients with greater visibility into how assets are managed as they scale their activity on the platform.

The launch broadens Bitget's CFD offering as the company continues to develop its multi-asset trading ecosystem. Retail users will be able to access Bitget's standard CFD environment through the App, Web, and MT5, while institutional clients can use a dedicated setup built for higher-volume strategies, deeper liquidity requirements, and direct system connectivity. The expansion allows Bitget to serve a wider range of trading activity as its CFD business grows globally.

About Bitget

Bitget is the world's largest Universal Exchange (UEX), serving over 125 million users and offering access to over 2M crypto tokens, 500+ tokenized stocks, ETFs, commodities, FX, and precious metals such as gold. The ecosystem is committed to helping users trade smarter with its AI agent, which co-pilots trade execution. Bitget is driving crypto adoption through strategic partnerships such as MotoGP.

Aligned with its global impact strategy, Bitget has joined hands with UNICEF to support blockchain education for 1.1 million people by 2027. Bitget currently leads in the tokenized TradFi market, providing the industry's lowest fees and highest liquidity across 150 regions worldwide.

For more information, visit: Website | X | Telegram | LinkedIn | Discord

For media inquiries, please contact: media@bitget.com

Risk Warning: Digital asset prices are subject to fluctuation and may experience significant volatility. Investors are advised to only allocate funds they can afford to lose.

The value of any investment may be impacted, and there is a possibility that financial objectives may not be met, nor the principal investment recovered. Independent financial advice should always be sought, and personal financial experience and standing carefully considered.

Past performance is not a reliable indicator of future results. Bitget accepts no liability for any potential losses incurred. Nothing contained herein should be construed as financial advice. For further information, please refer to our Terms of Use.

Copyright 2026 GlobeNewswire, Inc.

Bhandari akan memimpin ekspansi Mavenir ke pasar NeoCloud serta pengembangan praktik Rekayasa Penerapan di Lapangan untuk mendukung penyedia layanan komunikasi dan pelanggan NeoCloud

RICHARDSON, Texas, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Mavenir hari ini mengumumkan pengangkatan Jitin Bhandari sebagai Wakil Presiden Eksekutif untuk Platform NeoCloud dan Rekayasa Penerapan di Lapangan.

Dalam peran ini, Bhandari akan memimpin ekspansi Mavenir ke pasar NeoCloud yang tengah berkembang pesat, sekaligus mengembangkan praktik Rekayasa Penerapan di Lapangan yang akan mendukung penyedia layanan komunikasi serta pelanggan NeoCloud Mavenir. 

Dengan memanfaatkan Platform yang Terintegrasi AI dan kerangka kerja Jaminan Layanan AI yang baru-baru ini diumumkannya untuk penyedia layanan komunikasi, Mavenir kini memperluas platform AI, perangkat, serta keahlian berbasis cloud miliknya kepada penyedia NeoCloud.

Langkah ini membuka peluang pasar baru yang signifikan bagi Mavenir. Peluang tersebut juga memperluas jangkauan perusahaan di luar basis pelanggan global yang telah terbentuk, yang mencakup operator jaringan seluler, penyedia layanan komunikasi, dan hyperscaler.

Bhandari membawa pengalaman hampir tiga dekade di bidang telekomunikasi, teknologi berbasis perangkat lunak, inovasi produk, serta kepemimpinan bisnis. Bhandari bergabung dengan Mavenir setelah sebelumnya berkarier di Nokia, tempatnya terakhir menjabat sebagai Chief Technology Officer untuk Layanan Cloud dan Jaringan. Dalam peran tersebut, beliau bertanggung jawab atas strategi teknologi dan inovasi untuk berbagai solusi jaringan berbasis cloud dan didukung AI.

Selama berkarier di Nokia, Bhandari menduduki sejumlah posisi kepemimpinan eksekutif, termasuk Chief Product Officer untuk Aplikasi Jaringan Inti serta Wakil Presiden dan General Manager untuk Jaringan Digital. Dalam berbagai peran tersebut, beliau memimpin portofolio perangkat lunak berskala besar serta platform komunikasi generasi berikutnya. Sebelumnya, beliau juga pernah menduduki sejumlah posisi kepemimpinan di Oracle, Acme Packet, dan Alcatel-Lucent. Dalam berbagai peran tersebut, beliau turut mendorong peralihan industri menuju arsitektur berbasis cloud, virtualisasi jaringan, jaringan yang dikendalikan perangkat lunak, serta layanan komunikasi real time.

"Saya senang dapat menyambut Jitin di Mavenir pada momen penting bagi industri kami," ujar Pardeep Kohli, Presiden dan Chief Executive Officer Mavenir. "Kami telah membantu pelanggan beralih dari sistem milik sendiri ke arsitektur berbasis cloud, dan kini kami berada dalam posisi yang tepat untuk membantu mereka mengadopsi serta mengoperasionalkan AI di seluruh aspek bisnis, termasuk IT, BSS/OSS, Perencanaan Jaringan, dsb. Teknologi kami memungkinkan pelanggan membangun model dan pabrik agen yang aman serta otomatis dalam lingkungan keamanan mereka sendiri, sekaligus tetap mempertahankan kendali atas data, kinerja, dan biaya.

"Jitin memiliki kombinasi langka antara keahlian teknis yang mendalam, rekam jejak yang terbukti dalam membangun dan mengembangkan portofolio perangkat lunak, serta visi yang jelas mengenai AI.

Beliau merupakan sosok pemimpin yang tepat untuk memperluas platform AI kami dan membangun praktik Rekayasa Penerapan di Lapangan yang akan bekerja sama erat dengan penyedia layanan komunikasi dan pelanggan NeoCloud.

Di bawah kepemimpinannya, kami akan mempercepat penyediaan solusi yang berbasis cloud dan mengintegrasikan AI sejak tahap perancangan sekaligus memperluas kapabilitas kami ke pasar serta kasus penggunaan baru."

"Ini momen yang menarik untuk bergabung dengan Mavenir," ujar Bhandari. "Perusahaan telah membangun fondasi yang kuat dalam jaringan berbasis perangkat lunak dan cloud, serta berada dalam posisi ideal untuk memimpin peralihan menuju pendekatan yang mengintegrasikan AI sejak tahap perancangan dan operasi berbasis agen.

Saya menantikan kesempatan untuk bekerja sama dengan tim Mavenir dan pelanggan kami guna memperluas platform AI, perangkat, serta Rekayasa Penerapan di Lapangan perusahaan. Upaya ini akan membantu mewujudkan visi tersebut menjadi hasil yang nyata bagi berbagai penyedia layanan komunikasi, penyedia NeoCloud, dan perusahaan di seluruh dunia."

Bhandari akan melapor kepada Presiden dan Chief Executive Officer Mavenir, Pardeep Kohli.

Tentang Mavenir 

Mavenir menghadirkan jaringan cerdas, otomatis, dan dapat diprogram melalui pengembangan solusi perangkat lunak yang mengutamakan telekomunikasi, berbasis cloud, dan yang mengintegrasikan AI sejak tahap perancangan, untuk operator seluler. Keahlian mendalam perusahaan ini di bidang telekomunikasi telah terbukti melalui penerapan dengan lebih dari 300 operator secara global di lebih dari 120 negara, yang bersama-sama melayani lebih dari 50% pelanggan dunia.

Mavenir menggabungkan pengalaman telekomunikasinya yang mendalam dengan keahlian cloud dan TI serta set keterampilan sains data yang sangat penting untuk memecahkan tantangan nyata yang dihadapi pelanggan. Solusi perangkat lunaknya yang telah terbukti merupakan rancangan AI sehingga membawa masa depan yang sepenuhnya berbasis AI dan membantu operator bertransformasi menjadi perusahaan teknologi (TechCo). Untuk mendapatkan informasi selengkapnya, kunjungi www.mavenir.com 

Kontak Media: 

Emmanuela Spiteri

PR@mavenir.com 

Copyright 2026 GlobeNewswire, Inc.

Analysis of more than 338 million attack simulations finds prevention improved, but significant gaps remain in post-compromise defense, ransomware protection and data-loss prevention

SAN FRANCISCO, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Picus Security, the leading exposure validation company, today published The Blue Report 2026, which shows a sharp divide between the attacks organizations stop at the perimeter and the actions they prevent after an attacker gets inside.

Prevention effectiveness recovered to 69%, returning to its 2024 peak. However, once an attacker gains access, only 37% of their actions get blocked.

Findings are based on analysis of more than 338 million attack simulations run in production environments between January and June 2026. The study showed that security controls perform best against conspicuous activity, including certain lateral movement and privilege escalation techniques. The largest post-compromise gaps involved low-noise activity. Quiet discovery and collection actions were blocked in approximately one in 10 attempts, allowing simulated attackers to enumerate domains, identify file shares, discover active sessions and collect credential material with limited resistance.

"Organizations have become much better at stopping attacker activity that creates obvious signals," said Dr. S?leyman Ozarslan, co-founder of Picus Security and VP of Picus Labs. "The problem is what happens before those signals appear. Attackers can quietly map an environment, locate valuable systems and gather credentials while many defenses remain inactive. This is why validating defenses across the entire attack path is so critical."

Detection and prevention gaps persist across the attack chain

The findings also point to a persistent gap between telemetry collection and actionable detection across industries. Organizations logged 58% of simulated attacks but generated alerts for only 14% of them. Fewer than one in seven attacks produced an alert. Performance issues accounted for 49% of identified detection-rule issues, up from 24%.

Other findings include:

Evasion techniques were the hardest for controls to block: organizations blocked just 1% of Impair Command History Logging (T1562.003) simulations and 9% of Signed Script Proxy Execution (T1216) simulations, the two lowest technique-level prevention scores in the report. Prevention effectiveness against the Stealth tactic also weakened, from 53% to 47%, one of only two tactics for which controls performed worse than last year.

Endpoint security improved as the assume-breach mindset took hold: endpoint prevention reached 83% and Privilege Escalation rose 24 points to 79%, the largest tactic-level gain of the year.

Malware prevention fell again as IOC-based detection lost ground: malware-download prevention declined to 50%, down 21 points over two years.

Strong performance is rented, not owned: last year's strongest sectors regressed and last year's weakest recovered. Transportation gained 29 points to reach 79%, Education lost 30 to land at 40%, South Asia moved from last place to a share of first at 71%, and North America fell to the lowest prevention score of any region at 60%.

Action items for security teams

Based on these findings, Picus recommends that organizations continuously test whether their controls can prevent, detect and contain current attacker behavior. This includes validating complete attack paths, particularly quiet post-compromise discovery, collection and credential-access activity.

Security teams should regularly test detection rules, confirm log-source health and verify that attacks generate actionable alerts. They should also strengthen behavioral detection to reduce reliance on static signatures and known indicators.

Organizations should simulate current ransomware and threat-group behavior across the full attack chain. Vulnerability remediation should prioritize demonstrated exploitability rather than severity scores alone.

About The Blue Report

The Picus Security Blue Report offers empirical evidence of how well security controls perform in real-world conditions. Findings are based on millions of simulated attacks executed by Picus Security customers from January to June 2026. The simulations were conducted safely in live production environments using Picus' Security Validation Platform and analyzed by the Picus Labs and Picus Data Science teams. The report also includes ecosystem- and industry-specific findings and recommendations to help companies reduce exposure and improve threat readiness.

To read the full findings and recommendations, download the Blue Report 2026.

About Picus Security

Picus Security, the leading exposure validation company, proves what attackers can exploit and what your defenses stop, then closes real gaps with ready-to-deploy fixes and re-validates to confirm, at the machine speed today's AI threats demand. The Picus Platform spans Breach and Attack Simulation, Autonomous Penetration Testing and Exposure Validation, unified by Picus Swarm, a swarm of AI agents that runs the whole validation loop continuously with human oversight. With 75+ integrations, it reaches across on-prem, hybrid cloud, and endpoint environments.

Trusted by many Fortune 500 enterprises, Picus was named a 2025 Gartner Peer Insights Customers' Choice for Adversarial Exposure Validation and is recognized as an Innovation Leader in the Frost Radar for Automated Security Validation.

Follow Picus Security on X and LinkedIn.

Media Contact

Jennifer Tanner

Look Left Marketing

picus@lookleftmarketing.com

Copyright 2026 GlobeNewswire, Inc.

Organizations are fundamentally redesigning data architectures to support trusted, scalable AI across hybrid environments

SAN JOSE, Calif., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Cloudera, the only company bringing AI to data anywhere, today released its latest global survey, The Great AI Re-Architecture, revealing a fundamental shift in enterprise IT as organizations redesign their data architectures to meet the demands of AI.

Based on responses from 1,500 Enterprise Architects, Cloud Infrastructure Leads, and Data Architects worldwide, the report finds that while AI adoption has become mainstream, legacy data architectures are increasingly limiting organizations' ability to scale AI securely, efficiently, and cost-effectively.

The findings point to a fundamental shift in enterprise IT architecture. While 77% of organizations are actively using AI, nearly all (95%) have delayed or canceled AI initiatives over the past year because of data governance, compliance, or regulatory challenges. To overcome these challenges, 72% say their current data architecture requires a significant overhaul to meet future AI requirements, suggesting today's infrastructure was not built for the demands of modern AI.

Together, these findings highlight what Cloudera calls "The Great AI Re-Architecture"-the mass transition from legacy data architectures toward hybrid environments that enable organizations to bring trusted AI to trusted data, wherever it resides.

"This current era of AI is forcing organizations to rethink the foundations of their technology infrastructure," said Sergio Gago, Chief Technology Officer at Cloudera. "Many enterprises are discovering that the architectures built for traditional analytics weren't designed for the scale, governance, and flexibility AI demands today. Success will depend on building a data foundation that gives organizations the freedom to run AI wherever it makes the most sense, without compromising control or security."

AI Is Driving an Enterprise Infrastructure Reset

AI has moved well beyond isolated pilot projects and is now embedded across enterprise operations. As organizations expand AI across the business, they're placing mounting pressure on infrastructure that was never designed for AI at scale.

Three-quarters (75%) of respondents say AI integrations have changed their organization's data storage and architecture practices, while 84% report increased infrastructure costs driven by AI workloads. Together, these findings suggest organizations are rethinking not only where data lives, but how it is managed, governed, and delivered to AI systems.

Governance Is Critical Infrastructure

As organizations scale AI, governance is becoming foundational to enterprise AI success. Earlier this year, Cloudera's Data Readiness Index found that 75% of organizations said AI is exposing the limitations of their legacy governance processes. This latest research suggests those challenges are only intensifying as AI adoption grows.

Nearly three-quarters (73%) of respondents say AI has made data governance more complex, and more than half (55%) report delaying or canceling more than six AI projects over the past 12 months due to governance, compliance, or regulatory challenges.

The challenge is compounded by increasingly distributed data. Nearly every respondent (97%) reports moving data between environments at least monthly, making consistent governance across cloud, private cloud, on-premises, and edge environments essential for scaling AI securely.

Hybrid Architectures Become the New Enterprise Standard

Organizations are increasingly adopting hybrid architectures to balance performance, governance, cost, and flexibility, all of which are critical to modern AI success.

Two-thirds (66%) of respondents say they have moved AI workloads from public cloud environments back to private cloud or on-premises infrastructure during the past year, signaling a broader shift toward hybrid architectures that allow organizations to run AI workloads where they perform best.

Looking ahead, organizations are investing across cloud, on-premises, edge, and hybrid environments rather than relying on a single deployment model. One-quarter (25%) say they plan to prioritize a hybrid-first architecture over the next two years, reinforcing that the future of enterprise AI will be defined, in part, by flexibility rather than a single infrastructure strategy.

The Future of Enterprise AI Depends on Hybrid Data Architectures

AI adoption is no longer the differentiator; AI optimization is. Organizations that modernize their data architectures to govern data consistently and run AI wherever it makes the most sense will be well positioned to deliver scalable, secure AI and lasting business value.

As these themes take center stage at Cloudera EVOLVE Singapore next week, read the full report to learn how organizations are preparing their data foundations for enterprise AI.

Methodology

The survey, commissioned by Cloudera and fielded by Wakefield Research (www.wakefieldresearch.com) among 1,500 Enterprise Architects, Cloud Infrastructure Leads, and Data Architects at companies with a minimum size requirement of 1,000 employees in all markets except Spain, Singapore, and South Africa, for which the company size minimum is 250 employees. The research was conducted in 3 Regions and 9 markets: Americas (U.S. (n600), Canada (n100), Brazil (n100)), EMEA (South Africa (n100), Spain (n100), U.K. (n200)), and APAC (Singapore (n100), India (n100), Japan (n100)) between June 5th and June 22nd, 2026, using an email invitation and an online survey.

About Cloudera

Cloudera is the only hybrid data and AI platform company that large organizations trust to bring AI to their data anywhere it lives. Unlike other providers, Cloudera delivers a consistent cloud experience that converges public clouds, on-prem data centers, sovereign clouds, and the edge, leveraging a proven open-source foundation. As the pioneer in big data, Cloudera empowers businesses to apply AI and assert control over 100% of their data, in all forms, improving security, governance, and real-time and predictive insights. The world's largest brands across all industries rely on Cloudera to transform decision-making and ultimately boost bottom lines, safeguard against threats, and save lives.

To learn more, visit Cloudera.com and follow us on LinkedIn and X. 2026 Cloudera and associated marks are trademarks or registered trademarks of Cloudera, Inc. All other company and product names are the trademarks of their respective owners.

Contact

Jess Hohn-Cabana

cloudera@v2comms.com

Copyright 2026 GlobeNewswire, Inc.

New industry benchmark shows AI-native finance teams cut manual work nearly in half and close two days faster

LOS ANGELES, Aug. 11, 2026 (GLOBE NEWSWIRE) -- FloQast, the Accounting Workflow Automation Platform created by accountants for accountants, today announced the results of a new industry report examining how accounting and finance teams are adopting AI.

The findings, based on independent research across accounting and finance professionals in the US and UK, reveal a striking disconnect between AI ambition and execution. While 85% of accounting teams have made AI a strategic priority, only 10% are using it extensively.

The study also found that the barriers holding them back have less to do with technology and more to do with trust, training, and governance.

The organizations pulling ahead are not simply the ones with the most advanced tools. They are the ones where leadership made a deliberate decision to build the controls foundation, the governance structure, and the team capability before scaling their AI investment.

According to the report, finance teams remain burdened by manual work, and the pressure to deliver faster, cleaner, and more defensible numbers continues to rise:

Six in ten accountants spend 40% or more of their time on tasks such as reconciliations, data entry, and other busy work that does not require an actual accountant.

Nearly one in five spend more than 60% of their week on manual tasks. That is three full days.

57% of close cycles take seven days or more.

Unlike other industries that measure AI success purely in terms of speed and efficiency, accounting carries an additional requirement. Namely, every output must be traceable, defensible, and signable by a human who stands behind it. Indeed, survey respondents cited the lack of traceability of AI outputs as a top adoption barrier.

"The accounting profession doesn't have an AI ambition problem, it has an execution problem," said FloQast co-founder and CEO Mike Whitmire, CPA (inactive), FCA. "What this research makes clear is that, in accounting, the real test of AI is whether a human can confidently sign off on that work and defend it to an auditor. The organizations succeeding with AI are the ones that are building for that reality from the start."

"Our AI adoption was a success because Atrium treated it as a priority rather than a side experiment," said Dan Hollman, Senior Director Of Accounting Solutions, Atrium Hospitality. "The structure we picked up from AI gave us a repeatable way to evaluate, govern, and scale workflows, so we weren't inventing the rules as we went. Leadership backed that with real governance and then stood up an AI Center of Excellence to run it company-wide. The momentum here is collaborative and organizational, not one team's project."

The Accounting AI Maturity Index

The survey data revealed five distinct operational states across the profession, giving organizations a clear way to benchmark where they stand today. At the lowest end of the spectrum, the 10% of organizations at Level 1 are manual and disconnected. They have a spreadsheet-heavy close process with minimal traceability and treat AI strategy as an afterthought. At the top end, the 10% that have reached Level 5 operate as AI-native. They proactively partner with the business to refine agentic workflows and embrace system-wide automation.

The bulk of the profession sits in the middle of the maturity curve, and the performance gap between levels is substantial:

The largest share of organizations, 38%, lands at Level 3, where teams have augmented their workflows with out-of-the-box AI automation while investing in staff reskilling and upskilling and running low-risk, high-impact AI pilots.

Level 1 organizations report spending 63% of their time on manual tasks with an average close cycle of 8.7 days.

In contrast, Level 5 organizations spend just 34% of their time on manual work and close in 6.7 days, or a full 2 days faster.

Controls Come First

What separates the top of the maturity curve from the bottom isn't the sophistication of the AI tools in use. Rather, it's the foundation underneath them. The report makes clear that accounting AI has to land on a base of documented, consistent financial controls, and most organizations haven't built that base yet. Layering AI over weak or inconsistent controls doesn't fix the problem; it accelerates the errors.

That foundation is missing more often than not. According to the survey, 51% of organizations operate with controls that are either informal or inconsistently applied across the close process. Additionally, only 27% of professionals strongly agree that current AI tools meet enterprise-grade governance and compliance standards.

The workflows causing the most manual pain are exactly the environments where AI excels: rules-based, repetitive, and high-volume. The report highlights account reconciliations as the profession's most consistent speed bump, carrying both the highest manual burden and the highest perceived benefit from automation. While 55% of respondents identify reconciliations as the top automation opportunity, only 5% report a high degree of automation there today. Financial reporting ranks second, with 53% identifying it as a top automation opportunity.

What Leaders Are Doing Differently

That gap between opportunity and execution is exactly what leading organizations have closed. The teams seeing real gains have built the infrastructure to let AI do their work defensibly, and as a result they are reclaiming 25% of total working time from manual tasks. Among Level 5 organizations, 69% are actively executing an AI roadmap and 95% have embedded AI into the month-end close.

The rest of the profession wants to follow, but many are committing to AI faster than their teams are learning how to use it. While 92% of decision-makers expect AI investment to rise over the next two years, only 17% say their teams are ready to put that investment to work.

The barriers are specific and measurable. Thirty-nine percent of professionals cite data security and privacy concerns as their top obstacle. Thirty-one percent say their teams lack the AI skills and training to put new tools to work. And underlying both is the most accounting-specific barrier of all: when AI produces an output, someone has to trace it, validate it, and sign off on it. The organizations that pull ahead will be the ones that build trust, training, and governance into their AI plans from the start.

This is where the leaders diverge from everyone else. Level 5 organizations built their capabilities first and scaled their spending second. Lower-level organizations are moving in the opposite direction, with AI budgets climbing faster than the skills, controls, and governance foundations needed to support that spending.

Moving up the maturity curve

Wherever an organization lands on the maturity curve, the path forward looks different. For teams at Levels 1 through 3, the report's advice is to stop looking for a silver bullet tool. Instead, they should document their workflows, build a controls foundation before adding any automation, and implement formal governance. For organizations at Levels 4 and 5, there is also more work to be done. The workflows they haven't yet automated represent their biggest opportunity to keep advancing, and the best teams are redesigning around AI, not just layering it on top.

The findings also signal a shift in what the profession expects of its people. AI literacy has become a baseline expectation, with 88% of respondents saying it will be as important as GAAP expertise and 82% warning that failing to adopt AI will damage talent retention. The accountants who grow in the next decade will be the ones who know how to work alongside AI, govern its outputs, and stand behind what it produces.

"AI isn't something you buy your way into - it's something you build toward," said Jonathan Mears, VP of Finance and Accounting, Liquid AI. "We made thinking about AI our default way of working, and with AI, that mindset snowballed into massive time savings with thoughtfully documented processes and reliable change management. The result is a faster, more consistent close, far less manual prep, and a team that spends its time reviewing and analyzing instead of preparing. It elevated our accountants; it didn't replace them."

Read the full report here.

About FloQast

Created by accountants for accountants, FloQast's Accounting Workflow Automation Platform allows accountants to automate accounting and audit workflows with auditable AI. Trusted by more than 3,500 global accounting teams - including Lululemon, Chipotle, and Shopify - FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities. With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast also offers the FloQast Certified Accountant (FCA) program, a free certification designed to help accounting professionals build practical AI skills. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:

John Siegel

Head of Communications

john.siegel@floqast.com

Copyright 2026 GlobeNewswire, Inc.

Equips AI and HPC chip designers with on-die power optimization and advanced telemetry IP to unlock next-generation power efficiency

SANTA CLARA, Calif., Aug. 11, 2026 (GLOBE NEWSWIRE) -- Movellus today announced a collaboration with Samsung Electronics, making its Aeonic platform for on-die power optimization and telemetry IP available to AI and HPC chip designers through the Samsung Advanced Foundry Ecosystem (SAFE) Program. Designers can license the IP for Samsung Foundry's advanced process nodes to manage power and maximize performance for advanced SoC designs.

The Aeonic platform gives AI and HPC designers a complete solution for on-die power control loops. It provides high-resolution telemetry and nanosecond actuators that continuously monitor and resolve transient power events. These capabilities let designers run silicon closer to its performance limits on Samsung Foundry's advanced processes, with the visibility needed to maintain reliable high performance across the system lifecycle.

"As power management becomes increasingly critical for AI and HPC designs, Samsung Foundry's 4nm technology combined with Movellus' Aeonic platform helps customers build more energy-efficient and power-aware SoCs for today's AI, HPC and data center workloads," said Ben Rhew, corporate vice president and the head of the Foundry IP Development Team at Samsung Electronics. "Together, we are helping designers accelerate deployment while providing greater visibility into silicon operation and performance."

"Power is setting the ceiling for scalability in AI and HPC SoC design. The Aeonic? product family provides designers of advanced SoCs with a new level of control and visibility for their designs to optimize power and performance and improve reliability," said Vikram Karvat, COO at Movellus. "Our partnership with SAFE now brings Movellus IP solutions to the broader Samsung Foundry customer base."

About Movellus

Movellus provides critical power and performance optimization technology integrated into an array of applications, ranging from edge AI devices to performance-centric cloud data center compute and networking offerings. The company is headquartered in Santa Clara, CA, with R&D centers in Michigan and Toronto. Visit us at: www.movellus.com

Movellus, the Movellus logo, Aeonic, Aeonic Generate, Aeonic Power, Aeonic Insight, and Intelligent Clock Networks are among the trademarks of Movellus. The term "Movellus" refers to Movellus Circuits Inc and/or its subsidiaries. Other trademarks are the property of their respective owners.

Media Contact

Aakash Jani

aakash@movellus.com

Copyright 2026 GlobeNewswire, Inc.

TEL AVIV, Israel, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) today announced that Moody's Ratings has upgraded Teva's corporate credit rating to Baa3 from Ba1, an investment-grade rating, with a stable outlook. 

Moody's states that the upgrade reflects the ongoing success of Teva's growth strategy, including its key innovative products, an expanded pipeline and continued debt reduction supported by earnings growth. Moody's also noted Teva's revenue diversity, improving operating margins, solid free cash flow and ample cash on hand, as well as its expectation that Teva will further reduce debt over the next 12 to 18 months. 

"Moody's upgrade to investment grade marks a major milestone in Teva's transformation journey and further validates the progress we're making through our Pivot to Growth strategy," said Eli Kalif, Teva's Chief Financial Officer. "This recognition, together with Fitch's upgrade in May, reflects years of disciplined execution, continued debt reduction and a stronger financial profile. It enhances Teva's financial flexibility and access to a broader base of investors as we continue to invest in growth, advance innovation for patients and create long-term value for our stakeholders." 

Moody's investment-grade rating upgrade follows the recent upgrade by Fitch Ratings in May 2026, further strengthening Teva's credit standing and supporting its eligibility for inclusion in leading fixed-income indices.

About Teva

Teva Pharmaceutical Industries Ltd. (NYSE and TASE: TEVA) is transforming into a leading innovative biopharmaceutical company, enabled by a world-class generics business. For over 120 years, Teva's commitment to bettering health has never wavered. From innovating in the fields of neuroscience and immunology to providing complex generic medicines, biosimilars and pharmacy brands worldwide, Teva is dedicated to addressing patients' needs, now and in the future. At Teva, We Are All In For Better Health. To learn more about how, visit www.tevapharm.com.

Teva Cautionary Note Regarding Forward Looking Statements 

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including, but not limited to, statements regarding our financial guidance, which are based on management's current beliefs and expectations and are subject to substantial risks and uncertainties, both known and unknown, that could cause our future results, performance or achievements to differ significantly from that expressed or implied by such forward-looking statements.

These forward-looking statements include statements concerning our plans, strategies, objectives, future performance and financial and operating targets, and any other information that is not historical information. You can identify these forward-looking statements by the use of words such as "should," "expect," "anticipate," "estimate," "target," "may," "project," "guidance," "intend," "plan," "believe" and other words and terms of similar meaning and expression in connection with any discussion of future operating or financial performance.

Important factors that could cause or contribute to such differences include risks relating to: our ability to continue and improve our financial ratings; our ability to develop and commercialize additional pharmaceutical products; competition for our innovative medicines; our ability to achieve expected results from investments in our product pipeline; our ability to successfully execute on our Pivot to Growth strategy, including to expand our innovative and biosimilar medicines pipeline and to profitably commercialize our innovative medicines and biosimilar portfolio, whether organically or through business development, to sustain and focus our portfolio of generic medicines, and to execute on our organizational transformation and to achieve expected cost savings; our significant indebtedness; compliance, regulatory and litigation matters; financial, economic and other risks; and other factors discussed in this Press Release, in our Quarterly Report on Form 10-Q for the second quarter of 2026 and in our Annual Report on Form 10-K for the year ended December 31, 2025, including in the sections captioned "Risk Factors," "Other Information" and "Forward-looking Statements." Forward-looking statements speak only as of the date on which they are made, and we assume no obligation to update or revise any forward-looking statements or other information contained herein, whether as a result of new information, future events or otherwise. You are cautioned not to put undue reliance on these forward-looking statements.

Teva Media

Inquiries TevaCommunicationsNorthAmerica@tevapharm.com

Teva Investor

Relations

Inquiries TevaIR@Tevapharm.com

Copyright 2026 GlobeNewswire, Inc.

Perjanjian komersial pertama ini berlandaskan kemitraan kedua perusahaan dalam mempercepat pengembangan transportasi berteknologi AI

ABU DHABI, Uni Emirat Arab dan SEOUL, Korea Selatan, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Space42 (ADX: SPACE42), perusahaan SpaceTech berteknologi AI dan berbasis di UEA, dan Autonomous A2Z (A2Z), perusahaan terkemuka Korea Selatan dalam teknologi kendaraan otonom, telah menandatangani perjanjian komersial senilai US$7 juta untuk menerapkan solusi mobilitas Level-4 di UEA.

Ini merupakan perjanjian komersial pertama dalam kemitraan yang lebih luas antara kedua perusahaan. Perjanjian ini merupakan kontrak pemasokan langsung, yang terpisah dari usaha patungan (joint venture) yang diumumkan pada tahun 2025 untuk mendukung komersialisasi jangka panjang solusi mobilitas cerdas di UEA.

Perjanjian ini memadukan teknologi kendaraan otonom Level-4 A2Z yang telah teruji dengan kapabilitas Space42 dalam bidang AI, geospasial, dan konektivitas. Bagi A2Z, pencapaian ini menandai langkah strategis dalam ekspansi internasionalnya, dengan membawa teknologi kendaraan otonom yang dikembangkan di Korea ke salah satu pasar mobilitas cerdas dengan pertumbuhan tercepat di dunia. Bagi Space42, perjanjian ini mendukung prioritas strategis perusahaan di sektor mobilitas dalam mewujudkan pengoperasian kendaraan tanpa pengemudi yang aman dan andal secara luas.

Hasan Al Hosani, CEO Smart Solutions di Space42, mengatakan: "Mobilitas otonom merupakan infrastruktur penting untuk mendukung pengembangan kota cerdas. UEA telah menciptakan kondisi yang mendukung integrasi mobilitas otonom ke dalam transportasi sehari-hari. Fokus kami adalah mewujudkan ambisi tersebut menjadi layanan yang andal dan memungkinkan masyarakat bepergian dengan lancar, sesuai dengan standar keselamatan kelas dunia. Kerja sama dengan A2Z semakin mendekatkan kami pada terwujudnya model layanan yang dapat memenuhi kebutuhan UEA sekaligus merespons perubahan kebutuhan transportasi di pasar."

Han Ji-hyung, CEO Autonomous A2Z, menyatakan: "Perjanjian ini menunjukkan bahwa teknologi kendaraan otonom yang dikembangkan dan divalidasi di Korea siap diterapkan di pasar internasional. Bersama Space42, kami berharap dapat menghadirkan solusi mobilitas otonom yang telah teruji di UEA sekaligus memperluas jangkauan ke pasar global."

Layanan uji coba Robo-Shuttle yang menggunakan 'ROii' milik A2Z, bersama kendaraan otonom lain yang telah dimodifikasi dan disesuaikan, akan menjalani pengujian operasional dan penilaian permintaan. Setelah itu, layanan ini diharapkan diperluas ke pengoperasian layanan Transportasi Sesuai Permintaan (Demand-Responsive Transport/DRT) dan layanan antar-jemput wisatawan. Penerapan secara bertahap ini akan memberikan wawasan operasional yang sangat berharga berdasarkan kondisi jalan untuk mendukung pengembangan lebih lanjut pada berbagai penggunaan transportasi lainnya.

Mendukung visi mobilitas cerdas UEA

Proyek ini sejalan dengan visi UEA yang lebih luas untuk memajukan transportasi yang didukung AI dan mobilitas cerdas, sebagai bagian dari Strategi Mobilitas Cerdas Nasionalnya. Proyek ini juga merupakan kelanjutan dari portofolio solusi mobilitas Space42, termasuk TXAI, layanan taksi otonom yang telah menempuh lebih dari 600.000 kilometer dalam 20.000 perjalanan dengan rekor nol kecelakaan sejak mulai beroperasi pada tahun 2021.

Menunjukkan teknologi kendaraan otonom Korea Selatan di panggung global

Perjanjian ini menandai salah satu penerapan internasional terbesar A2Z, yang menunjukkan daya saing teknologi kendaraan otonom Korea Selatan di tingkat global. Perusahaan ini telah melakukan uji coba kendaraan otonom di 13 kota dan provinsi di Korea serta mengoperasikan 91 kendaraan otonom berizin, yang telah menempuh jarak kumulatif lebih dari 1,02 juta kilometer. Perusahaan ini juga memiliki pengalaman dalam berbagai aspek, mulai dari pengembangan perangkat lunak, integrasi kendaraan, operasional armada, hingga manajemen layanan.

Pengembangan ini merupakan hasil dari kolaborasi antara Korea dan UEA selama beberapa tahun, yang didukung oleh berbagai inisiatif pemerintah di bidang pengembangan teknologi, pengujian, dan tahap masuk pasar. Pelaksanaan komersial dipimpin oleh A2G (Autonomous to Global), usaha patungan berbasis di Singapura yang dibentuk bersama oleh A2Z dan Kilsa Global.

Tentang Space42

Space42 (ADX: SPACE42) merupakan perusahaan SpaceTech berbasis AI di Uni Emirat Arab yang mengintegrasikan komunikasi satelit, analitik geospasial, dan kemampuan kecerdasan buatan untuk menerangi Bumi dari ruang angkasa. Dibentuk pada tahun 2024 melalui merger antara Bayanat dan Yahsat, jangkauan global Space42 memungkinkannya untuk memenuhi kebutuhan pelanggannya yang berkembang pesat di sektor pemerintahan, perusahaan, dan masyarakat. Space42 terdiri dari dua unit bisnis: Layanan Ruang Angkasa dan Solusi Cerdas. Layanan Ruang Angkasa berfokus pada operasi satelit hulu untuk layanan satelit tetap dan bergerak. Solusi Cerdas mengintegrasikan akuisisi dan pengolahan data geospasial dengan AI untuk mendukung pengambilan keputusan, meningkatkan kesadaran situasional, dan meningkatkan efisiensi operasional. Pemegang saham utamanya mencakup G42, Mubadala, dan IHC.

Untuk informasi lebih lanjut, kunjungi: www.space42.ai; ikuti kami di LinkedIn: Space42 Untuk pertanyaan investor, silakan hubungi: ir@space42.ai

Tentang Autonomous A2Z

Didirikan pada tahun 2018 oleh empat mantan insinyur teknologi kendaraan otonom Hyundai Motor, Autonomous A2Z merupakan perusahaan terkemuka di Korea Selatan yang menyediakan solusi kendaraan otonom. Perusahaan ini mengoperasikan armada kendaraan otonom terbesar di Korea Selatan, yang berjumlah 91 kendaraan, serta mencatat rekor jarak tempuh kumulatif terpanjang di kawasan perkotaan di negara tersebut, yakni sekitar 1.020.000 kilometer. Berbekal pengalaman tersebut, A2Z tengah mengembangkan berbagai layanan mobilitas masa depan, termasuk layanan antar-jemput otonom perkotaan dan solusi mobilitas logistik cerdas, yang mendorong komersialisasi teknologi kendaraan otonom yang aman dan efisien. Pada tahun 2024, A2Z menyelesaikan pengembangan kendaraan otonom Level-4 miliknya, ROii, serta berencana memulai sertifikasi kinerja dan proses validasi pada tahun 2026 untuk membuka jalan menuju komersialisasi skala penuh. Perusahaan ini secara aktif memperluas bisnisnya di Singapura, UEA, dan Jepang, sekaligus mendorong inovasi mobilitas berkelanjutan melalui berbagai inisiatif, seperti layanan mobilitas yang mendukung aksesibilitas transportasi serta solusi logistik cerdas yang memanfaatkan teknologi kendaraan otonom.

Pemberitahuan Hukum dan Pernyataan Kehati-hatian Terkait Informasi Berwawasan ke Depan

Pengumuman ini mungkin berisi pernyataan berwawasan ke depan berdasarkan ekspektasi dan asumsi saat ini tentang peristiwa di masa mendatang. Pernyataan-pernyataan ini, yang ditandai dengan istilah seperti "diperkirakan," "akan," atau istilah serupa, dipengaruhi oleh berbagai risiko dan ketidakpastian serta mungkin terbukti tidak akurat. Pernyataan ini mencerminkan informasi yang tersedia hingga tanggal penyusunan dokumen ini, dan perusahaan secara tegas menolak segala kewajiban untuk memperbaruinya. Tidak ada jaminan yang diberikan bahwa pernyataan berwawasan ke depan itu akan terwujud, dan jangan terlalu bergantung pada pernyataan tersebut. Pengumuman ini bukan merupakan promosi keuangan atau penawaran untuk membeli atau menjual sekuritas di yurisdiksi mana pun.

Copyright 2026 GlobeNewswire, Inc.

Representatives of VinFast Indonesia and its partners at the signing ceremony.

JAKARTA, INDONESIA - Media OutReach Newswire - 11 August 2026 - VinFast continues to strengthen its aftersales network in Indonesia by expanding its Authorized Service Outlet network through partnerships with reputable automotive service providers across the country.

The expansion marks another milestone in VinFast's strategy to develop a comprehensive EV ecosystem in Indonesia, making genuine aftersales services more accessible and convenient for customers while supporting the country's transition to sustainable mobility.

VinFast has signed Memoranda of Understanding (MoUs) with 10 reputable partners across Indonesia, including PT Lampung Auto Mandiri, PT Karoto Seiko Indonesia, CV Agus Lio Ban, CV Family Auto Motor, PT Motoreko Mobilindo, PT Green Mobilitas Indonesia, PT Global Mobil Indonesia, PT Layanan Prima Sejahtera, CV Karya Indah Motor, and PT Prayoga Tangguh Perkasa.

Under the agreements, the partners will join VinFast's Authorized Service Outlet network to provide vehicle maintenance, general repair, and body repair services in accordance with VinFast's global standards. They will also distribute genuine VinFast parts and accessories throughout Indonesia.

Pursuant to the agreements, the Authorized Service Outlets will meet VinFast's stringent requirements for technical capability, facilities, and service quality, while committing to uphold the Company's core values and brand standards.

The continued expansion of VinFast's Authorized Service Outlet network enables customers across Indonesia to access genuine aftersales services more conveniently, wherever they are. Supported by VinFast-certified technicians and a reliable supply of genuine parts and accessories, customers can be confident that their vehicles will receive consistent, high-quality care, ensuring safety, reliability, and optimal performance throughout the ownership experience.

To date, VinFast has established a network of more than 100 Authorized Service Outlets across Indonesia. The network extends beyond Greater Jakarta (Jabodetabek) to major cities nationwide, meeting the growing aftersales needs of both individual customers and commercial fleet operators.

Mr. Antonio Zara, Chief Executive Officer of VinFast Southeast Asia, said: "For electric vehicles, a reliable aftersales network is essential to giving customers confidence throughout their ownership journey. The continued expansion of our Authorized Service Outlet network demonstrates VinFast's long-term commitment to customers in Indonesia. By partnering with experienced and trusted automotive service providers, we aim to deliver international-standard aftersales services that are convenient, efficient, and dependable, giving consumers greater confidence in choosing VinFast electric vehicles."

The expansion of the Authorized Service Outlet network is a key pillar of VinFast's strategy to build a comprehensive EV ecosystem in Indonesia. Together with an increasingly diverse product portfolio, a rapidly expanding charging infrastructure, and the continued development of a broader green mobility ecosystem, the nationwide aftersales network will further strengthen VinFast's ability to provide Indonesian consumers with a convenient, reliable, and sustainable EV ownership experience.

VinFast has also introduced a range of customer-focused initiatives to make EV ownership more accessible and convenient, including its battery subscription program, guaranteed buyback program, and free charging at V-GREEN charging stations through March 31, 2029. Together with its partners across vehicle distribution, financing, charging infrastructure, and aftersales services, VinFast continues to strengthen its integrated EV ecosystem, reaffirming its long-term commitment to accelerating the adoption of electric vehicles in Indonesia.

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

Hashtags: #VinFast

The company's continued recognition on Inc. 5000 reflects strong customer growth and a vision for the future of accounting

NEW YORK, Aug. 11, 2026 (GLOBE NEWSWIRE) -- FloQast today announced it has been named to the 2026 Inc. 5000 list, the annual list of the fastest-growing private companies in America.

This recognition reflects FloQast's leadership in transforming accounting through AI-powered innovation, as organizations increasingly adopt intelligent automation to streamline financial operations, fueling the company's rapid growth and placing it among the nation's most successful entrepreneurial businesses.

"Making the Inc. 5000 four years running is a direct reflection of the trust finance and accounting leaders place in FloQast," said Mike Whitmire, CPA (inactive), FCA, co-founder and CEO of FloQast. "Modern accounting departments face unprecedented complexity, and our mission is to give them genuine leverage. By integrating AI where it matters most, we're helping teams transition from reactive reporting to proactive leadership. I couldn't be prouder of our team's execution."

This year's Inc. 5000 recognizes a new class of companies redefining what growth looks like. From AI and advanced manufacturing to healthcare, consumer products and professional services, these businesses are expanding their impact, creating jobs and proving that entrepreneurial ambition continues to fuel the U.S. economy. Among the top 500 companies on the list, the median three-year revenue growth rate was 130%, and those companies have collectively added more than 627,208 jobs to the U.S. economy over the past three years.

For the full list, company profiles, and a searchable database by industry and location, visit: www.inc.com/inc5000.

"Every company on the Inc. 5000 has a story of perseverance, smart decision making, and a refusal to sit still," says Mike Hofman, editor-in-chief of Inc. "Their growth reflects more than strong financial performance-it reflects creativity, resilience, and the customer focus required to build companies that make a lasting impact. We congratulate all honorees on this significant achievement."

Building on this momentum, FloQast will host TakeControl 2026 on September 16-17, 2026 - its flagship annual conference for accounting and finance leaders. This year's event brings together 40 speakers and practitioners from companies including Meta, Chipotle, Equinox, Gong, and AG1 to explore how AI is reshaping the accounting function. Centered on the theme "Setting the New Standard for Accounting AI," TakeControl 2026 will feature product announcements, practitioner-led sessions, and a closing mainstage conversation on AI governance and accountability featuring executives from Meta and a former PCAOB board member. Register here.

Inc. 5000 List Methodology

Companies on the 2026 Inc. 5000 are ranked according to percentage revenue growth from 2022 to 2025. To qualify, companies must have been founded and generating revenue by March 31, 2022. They must be U.S.-based, privately held, for-profit, and independent-not subsidiaries or divisions of other companies-as of December 31, 2025. (Since then, some on the list may have gone public or been acquired.) The minimum revenue required for 2022 is $100,000; the minimum for 2025 is $2 million. As always, Inc. reserves the right to decline applicants for subjective reasons.

About Inc.

Inc. is the leading media brand and playbook for the entrepreneurs and business leaders shaping our future. Through its journalism, Inc. aims to inform, educate, and elevate the profile of its community: the risk-takers, the innovators, and the ultra-driven go-getters who are creating the future of business. Inc. is published by Mansueto Ventures LLC, along with fellow leading business publication Fast Company. For more information, visit www.inc.com.

About FloQast

Created by accountants for accountants, FloQast's Accounting Workflow Automation platform allows accountants to automate accounting and audit workflows with auditable AI. Trusted by more than 3,500 global accounting teams - including Lululemon, Chipotle, and Shopify - FloQast enhances the way accounting teams work, enabling customers to automate close management, account reconciliations, accounting operations, and compliance activities.

With FloQast, teams can utilize the latest advancements in AI technology to manage aspects of the close, reduce their compliance burden, stay audit-ready, and improve accuracy, visibility, and collaboration overall. FloQast also offers the FloQast Certified Accountant (FCA) program, a free certification designed to help accounting professionals build practical AI skills. FloQast is consistently rated #1 across all user review sites. Learn more at FloQast.com.

Contact:

John Siegel

Senior Content Marketing Manager

Communications Lead

john.siegel@floqast.com

Copyright 2026 GlobeNewswire, Inc.

WALNUT CREEK, Calif. and SHANGHAI, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Dark Horse Consulting Group (DHCG), a leading life sciences consulting firm specializing in advanced therapies, today announced the formation of Dark Horse Consulting China and the appointment of Kang Liu, Ph.D. as its inaugural hire.

The new office, located in Shanghai, reflects DHCG's strategic commitment to helping biotherapeutic developers capitalize on China's rapidly advancing life sciences ecosystem, including its world-class CDMO and CRO infrastructure, streamlined regulatory pathways to first-in-human (FIH), and growing role as a global hub for clinical data generation.

The timing of this expansion is deliberate. China's life sciences ecosystem has reached an inflection point: its CDMO and CRO infrastructure now rivals the best in the world, its regulatory frameworks are maturing rapidly, and its Investigator Initiated Trial (IIT) pathway offers developers a credible, cost-effective route to generating FIH data.

To head DHCG's China practice, the firm has appointed Kang Liu, a seasoned life sciences leader with over 13 years of on-ground experience across CRO/CDMO operations and Cell & Gene Therapy with deep relationships across China's nonclinical, clinical, manufacturing, and regulatory landscape.

The strategic rationale for this expansion is rooted in a fundamental shift in the global life sciences landscape. Over the past decade, China has established itself as a major force in biotech, one that western developers can no longer afford to view as peripheral. Driven by significantly lower clinical costs and faster timelines into the clinic, a growing number of innovative companies are pursuing IITs in China as a strategic route to first-in-human data.

The ecosystem underpinning that decision has never been stronger: China's CDMOs now match global industry leaders in quality, capability, and innovation; its IP enforcement has reached international standards, reflecting a country that is itself a leading exporter of innovation; and co-development and co-commercialization agreements with western partners are becoming a defining feature of the landscape.

The IIT pathway, further strengthened under Decree 818 by restricting studies to Grade A tertiary hospitals, ensures that the data generated meets the highest clinical standards, and is increasingly recognized as such by western regulators. Anthony Davies, Ph.D., Founder and CEO of Dark Horse Consulting Group, said, "Biotech is a truly global industry now. China is no longer an afterthought for western developers, it is a core consideration, and the companies that recognize that first, whether they already have or are yet to, will have a significant advantage."

DHCG China guides developers through every stage of an IIT: from strategic fit assessment and regulatory strategy across diverse global frameworks, to CMC planning, CDMO and CRO selection (leveraging established MOUs with Porton Advanced, KunTuo, and others) through to hospital and PI selection, supply chain management, and fundraising or asset out-licensing strategy to maximize the value of data generated. "The opportunity to generate meaningful clinical data in China and to accelerate programs globally is real, and it's here now", said Kang Liu. "DHCG China exists to make that path clear, strategic, and executable."

About Kang Liu

Kang Liu brings over 13 years of extensive experience across BD, product marketing and operations spanning life sciences, CRO/CDMO operations, and the Cell & Gene Therapy sector. He joins DHCG from AGC Biologics, a global CDMO for biologics and C>, where he served as Director of Business Development, Asia - leading BD activities across China and expanding the remit to Singapore, India, and ANZ. During this time, Kang supported multiple customer projects including China BLA submissions for biologics and autologous/allogeneic CAR-T programs for global trials. He also served as an APAC Industry Committee member at ISCT.

Prior to AGC Biologics, Kang served as Director of Business Development, China at GenScript Biotech's CDMO division (now ProBio CDMO), where he managed a complex service portfolio spanning drug discovery, CMC, GMP manufacturing, and licensing. He led the establishment of strategic partnerships with leading Chinese biotech companies across modalities including ADC, BsAb, Allo CAR-T, TCR-T, and mRNA therapies.

About Dark Horse Consulting Group

Dark Horse Consulting Group, a worldwide consulting organization with offices in North America, Europe, and APAC, was founded in 2014 with the purpose of accelerating development and delivery of cell and gene therapies through unmatched expertise. Since then, The Group's focus has expanded dramatically, with consulting team subject matter expertise now encompassing strategy, operations, Quality, regulatory affairs, manufacturing, modeling, supply chain, commercial launch, and business optimization across the biopharma landscape. DHCG's white-glove client service is grounded in rigorous scientific and technical expertise to support clients from early discovery through commercial launch. The Group comprises three business units, DHC, BioTechLogic, and Converge Consulting, with Bruder Consulting & Venture Group forming a specialized Regenerative Medicine department within DHC. The Group is currently expanding rapidly into the APAC region in 2026 through the acquisition of the Tokyo-based CJP and the formation of Dark Horse Consulting China.

Contact:

bd@darkhorseconsultinggroup.com 

Copyright 2026 GlobeNewswire, Inc.

LONDON and ATLANTA, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that ArrowXL by JP Home, the U.K.'s largest and longest-established two-person home delivery and warehousing specialist, has reduced its fleet mileage by approximately 13% using the route planning and execution capabilities within Descartes' fleet performance management solution suite.

By improving productivity and execution during planning and delivery, Descartes has helped ArrowXL by JP Home reduce operating costs and emissions while increasing delivery success rates, revenue per route and vehicle lifespan.

"Our customer-centric team of experts has over 40 years of experience and has completed millions of deliveries for some of the UK's leading retailers, e-tailers, and manufacturers," said Rachel Hopkins, Chief Information Officer, ArrowXL. "Our big and bulky deliveries to businesses and shoppers, such as white goods, fridge freezers, washing machines and cookers, create complex distribution requirements. We outgrew our previous planning technology as the outputs it provided no longer gave us logical, valuable delivery insights to support growth. Descartes changed this. The solution now plans 95% of our team's delivery routes overnight and, by decreasing our dependence on manual processes, we've reduced mileage by 13%. More effective planning has also reduced early route terminations from 5% to 1%, which improves deliveries on the first attempt. We've also achieved a 4% decrease in deliveries outside of customers' preferred time windows."

Descartes' AI-powered, fleet performance management solution suite helps distribution-intensive companies improve operational efficiency and customer experience. It supports dynamic delivery requirements, including same-day delivery. The Descartes solution improves route productivity by using advanced optimization technology to reduce the distance driven per delivery, which maximizes delivery capacity and reduces costs. ArrowXL's team has also benefited from Descartes' user-friendly interface, which makes using the solution straightforward for its planners and delivery teams. Further, it is enhancing ArrowXL's proof of delivery and appointment tracking as part of the wider project.

"ArrowXL is providing customers with a higher standard of delivery, lowering delivery costs, and enhancing productivity and sustainability while continuing to grow. We're pleased our technology is part of this success story," said James Wee, General Manager, Fleet Performance Management at Descartes. "As delivery operations expand, manual planning processes and disconnected tools quickly become limitations. We have a long history of helping customers manage greater delivery volumes with the same resources while improving service levels and operational consistency across their distribution network."

Learn more about ArrowXL's success story in this short video, and learn more about Descartes' fleet performance management solutions.

About ArrowXL by JP Home

ArrowXL by JP Home is the UK's largest and longest-established two-person home delivery and warehousing specialist, with a focus on bespoke services centred around a customer-first approach. With a specialist range of bespoke delivery, in-home installation and assembly solutions, backed by award-winning technology, ArrowXL is challenging the traditional home delivery landscape, prioritizing the customer's overall brand experience and driving repeat sales for retailers, e-tailers, and manufacturers. Unrivalled in the frequency and breadth of its coverage, ArrowXL services 100% of the UK mainland population whilst providing deliveries six days a week to 98% of UK postcodes.

The company's employed and highly trained delivery crews ensure a seamless customer journey for more than 7,000 people awaiting high-value, emotionally driven purchases each day. ArrowXL delivers to the Scottish Highlands and Northern Ireland, operating out of their own dedicated hubs across both regions, whilst the company also provides a range of services to the Republic of Ireland. In addition to its market-leading delivery and in-home solutions, ArrowXL boasts a dynamic portfolio of services that provide retailers and manufacturers with everything they need to grow their businesses, including fulfilment, warehousing and storage. https://www.arrowxl.co.uk/

About Descartes

Descartes powers more responsive, efficient, secure and sustainable international and domestic supply chains by uniting logistics-intensive businesses on its Global Logistics Network (GLN). Shippers, carriers, and logistics service providers connect and collaborate on the GLN leveraging technology, data and AI to manage last mile deliveries, domestic and international shipments, transportation rating and payment, global trade research, customs compliance and a variety of regulatory processes. Learn more about Descartes at www.descartes.com and connect with us on LinkedIn and X.

Global Media Contact

Cara Strohack

Tel: 226-750-8050

cstrohack@descartes.com

Cautionary Statement Regarding Forward-Looking Statements

This release contains forward-looking information within the meaning of applicable securities laws ("forward-looking statements") that relate to Descartes' fleet performance management solution offerings and potential benefits derived therefrom; and other matters. Such forward-looking statements involve known and unknown risks, uncertainties, assumptions and other factors that may cause the actual results, performance or achievements to differ materially from the anticipated results, performance or achievements or developments expressed or implied by such forward-looking statements. Such factors include, but are not limited to, the factors and assumptions discussed in the section entitled,

"Certain Factors That May Affect Future Results" in documents filed with the Securities and Exchange Commission, the Ontario Securities Commission and other securities regulatory authorities across Canada including Descartes' most recently filed annual and interim management's discussion and analysis which are available under Descartes' profile through the EDGAR website at http://www.sec.gov or through the SEDAR+ website at http://www.sedarplus.com/. If any such risks actually occur, they could, among other consequences, materially adversely affect our business, financial condition or results of operations. In that case, the trading price of our common shares could decline, perhaps materially.

Readers are cautioned not to place undue reliance upon any such forward-looking statements, which speak only as of the date made. Forward-looking statements are provided for the purposes of providing information about management's current expectations and plans relating to the future. Readers are cautioned that such information may not be appropriate for other purposes. We do not undertake or accept any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements to reflect any change in our expectations or any change in events, conditions or circumstances on which any such statement is based, except as required by law.

Copyright 2026 GlobeNewswire, Inc.