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Space42 dan Autonomous A2Z Menandatangani Perjanjian Senilai US$7 Juta untuk Menerapkan Solusi Mobilitas Otonom di UEA

Wed, 12 Aug 2026 08:29:00 +0700

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.

VinFast further expands authorized service outlet network in Indonesia, enhancing the aftersales experience

Wed, 12 Aug 2026 08:25:00 +0700

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

FloQast Recognized by Inc. as One of America's Fastest Growing Private Companies for Fourth Consecutive Year

Wed, 12 Aug 2026 08:18:00 +0700

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

Dark Horse Consulting Group Expands into China, Appoints Kang Liu as Senior Director, Head of China

Wed, 12 Aug 2026 08:14:00 +0700

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

ArrowXL Reduces Fleet Mileage in Home Delivery Operations by 13% with Descartes

Wed, 12 Aug 2026 08:09:00 +0700

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.

Zymeworks Announces Participation in Upcoming Investor Conferences

Wed, 12 Aug 2026 08:05:00 +0700

VANCOUVER, British Columbia, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Zymeworks Inc. (Nasdaq: ZYME), a biotechnology company managing a portfolio of licensed healthcare assets while developing a diverse pipeline of novel, multifunctional biotherapeutics, today announced that management will participate in the following upcoming investor conferences:

*Wells Fargo Healthcare Conference: Zymeworks' management will participate in one-on-one meetings and fireside chat on September 8 at 3:45 pm Eastern Time (ET) in Boston, MA.

*Citi's Biopharma Back to School Summit: Zymeworks' management will participate in one-on-one meetings and fireside chat on September 9 at 3:40 pm ET in New York, NY.

*Morgan Stanley Healthcare Conference: Zymeworks' management will participate in one-on-one meetings and fireside chat on September 14 at 4:50 pm ET in New York, NY.

*H.C. Wainwright Annual Global Investment Conference: Zymeworks' management will participate in one-on-one meetings and a fireside chat on September 15 in New York, NY.

About Zymeworks Inc.

Zymeworks is a global biotechnology company managing a portfolio of licensed healthcare assets and developing a diverse pipeline of novel, multifunctional biotherapeutics to improve the standard of care for difficult-to-treat diseases, including cancer, inflammation, and autoimmune disease. Zymeworks' asset and royalty aggregation strategy focuses on optimizing positive future cash flows from an emerging portfolio of licensed products such as Ziihera (zanidatamab-hrii) and other licensed products and product candidates, such as pasritamig. In addition, Zymeworks is also building a portfolio of healthcare assets that can generate strong cash flows, while supporting the development of innovative medicines.

Zymeworks engineered and developed Ziihera, a HER2-targeted bispecific antibody using Zymeworks' proprietary Azymetric technology and has entered into separate agreements with BeOne Medicines Ltd. (formerly BeiGene, Ltd.) and Jazz Pharmaceuticals Ireland Limited granting each exclusive rights to develop and commercialize zanidatamab in different territories.

Zymeworks is rapidly advancing a robust pipeline of product candidates, leveraging its expertise in both antibody drug conjugates and multispecific antibody therapeutics targeting novel pathways in areas of significant unmet medical need. Zymeworks' complementary therapeutic platforms and fully integrated drug development engine provide the flexibility and compatibility to precisely engineer and develop highly differentiated antibody-based therapeutics. These capabilities have been further leveraged through strategic partnerships with global biopharmaceutical companies. For information about Zymeworks, visit www.zymeworks.com and follow @ZymeworksInc on X.

Contacts:

Investor Inquiries:

Shrinal Inamdar

Vice President, Investor Relations

(604) 678-1388

ir@zymeworks.com  

Media Inquiries:

Diana Papove

Vice President, Corporate Communications

(604) 678-1388

media@zymeworks.com

Boehringer Ingelheim expands equine health pipeline with acquisition of Evax AG

Wed, 12 Aug 2026 08:01:00 +0700

Boehringer Ingelheim announced today that it has acquired Evax AG, a Swiss biotech company focused on equine health.

Founded more than a decade ago at the University of Zurich, Evax has been exploring the use of therapeutic vaccines to address significant unmet needs in horses, particularly for the treatment of allergic skin diseases.

"We're excited to have the potential to offer horse owners the first innovative therapeutic option for allergic skin diseases targeting the underlying cause of the disease. This may result in a longer duration of action, better treatment outcomes, and increased convenience and compliance," said Saskia Kley, Global Head of Equine for Boehringer Ingelheim.

Allergies and dermatologic conditions in horses are common and have a significant impact on their health and well-being yet are very challenging to treat. Current options for management of these conditions are often time-consuming and provide only temporary relief (e.g., shampoos and topical treatments), while some therapies may be associated with significant safety concerns (e.g. corticosteroids). Therapeutic vaccines incorporating virus-like particles are designed to induce the horse's immune system to produce neutralizing antibodies, treating the underlying cause of the disease.

"We're excited to join Boehringer Ingelheim Animal Health, and tap their innovation, supply and commercial expertise, as we advance through the next phases of providing novel therapeutic treatment options in areas of unmet need for horses," said Dr. Antonia Gabriel, CEO and Founder of Evax.

Boehringer Ingelheim has been pursuing therapeutic vaccines for many years, including through its collaboration with and subsequent acquisition of Saiba Animal Health in 2024.

"The acquisition of Evax advances our strategy to drive breakthrough innovation in our preventive and therapeutic portfolio. Virus-like particle technology represents a truly innovative approach in animal health, with the potential to address areas of high unmet medical need, including chronic diseases in pets and allergy-related disorders in horses. Based on our research to date, we believe that this technology can play an important role in improving animal health and wellbeing," said Knut Elbers, Head of Global Innovation, Animal Health at Boehringer Ingelheim.

Terms of the transaction were not disclosed.

About Boehringer Ingelheim - Animal Health business

Boehringer Ingelheim provides innovation for preventing and treating diseases in animals. The company offers a wide range of vaccines, parasite-control products, and medicines for pets, horses, and livestock to veterinarians, animal owners, farmers, and governments. As a leader in animal health, Boehringer Ingelheim values that the health of humans and animals is deeply connected and strives to have influence on people, animals, and society. Learn more at www.boehringer-ingelheim.com/animal-health.

About Boehringer Ingelheim

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

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Boehringer headquarters

Beyond the Landmarks: Discover Hong Kong Like a Local in Old Town Central

Wed, 12 Aug 2026 07:54:00 +0700

From heritage and art to local flavours and exclusive cocktails, explore the neighbourhood from day to night along the iconic Central-Mid-Levels Escalator.

HONG KONG, Aug. 11, 2026 (GLOBE NEWSWIRE) -- Beyond Hong Kong's mega events and world-famous attractions, the Hong Kong Tourism Board (HKTB) invites visitors to discover the city like a local through its diverse neighbourhoods.

Old Town Central, one of HKTB's signature neighbourhood experiences, brings Hong Kong's identity to life through an eclectic mix of East and West, past and present, where historic temples and traditional local businesses sit alongside vibrant street art, contemporary cultural landmarks and award-winning restaurants and bars.

Anchored by the world's longest outdoor covered escalator, the Central-Mid-Levels Escalator, Old Town Central invites visitors to experience the vibrant area from day to night. Four newly curated thematic experiences reveal its culture, heritage, art and food, while an interactive AR guide and authentic local voices offer deeper insight into the people and stories behind the neighbourhood. Limited-time keepsakes and themed cocktails add even more ways to experience - and remember - Central like a local.

Uncovering Central's Heartbeat: Themed Experiences and Authentic Local Voices Along the Central-Mid-Levels Escalator

More than a way to move through Central, the iconic Central-Mid-Levels Escalator becomes the backbone for exploring the neighbourhood's rich culture, history and community. Designed to bridge the distance between travellers and local residents, the experience encourages visitors to venture beyond the main thoroughfares and immerse themselves in the neighbourhood through four themed experiences highlighting handpicked community gems:

Old Town Signatures encompasses some of the quintessential experiences that make Central unmistakably Hong Kong. Visitors can explore traditional wet markets and historic temples, stop by one of the city's last artisanal soy sauce makers at Kowloon Soy Co. Ltd, experience the bustle of an authentic dai pai dong, or browse the open-air stalls of Upper Lascar Row. Together, these local institutions offer a snapshot of the traditions, flavours and everyday experiences that have shaped the neighbourhood.

Old Town Legacy brings Central's layered history to life, making it an ideal introduction for families and first-time visitors. From the distinctive granite steps of Pottinger Street and the revitalised former police station and prison complex at Tai Kwun, to the historic Dr Sun Yat-sen Museum and traditional tong lau architecture, this experience traces the people, places and East-meets-West influences that have shaped the district over generations.

Neighbourhood Taste explores Central through one of the best ways to understand Hong Kong: its food. From breakfast through to nightcap, the experience brings Michelin-starred restaurants, acclaimed bars and beloved local institutions together side by side. Visitors can begin with traditional tea and dim sum, discover neighbourhood bakeries and herbal tea shops, and explore Central's internationally celebrated restaurants and cocktail bars after dark.

Art & Soul reveals the creative side of Central, where contemporary art and design exist alongside traditional craftsmanship and historic streetscapes. Visitors can discover world-class galleries and colourful murals around Hollywood Road, browse antiques along Upper Lascar Row, explore cutting-edge creativity and design at PMQ, and wander through character-filled streets including Wing Lee Street and Tai Ping Shan Street.

To bring visitors even closer to the heartbeat of the community, a new interactive AR web app (accessed via DiscoverHongKong.com) triggers dynamic, motion-activated content at key locations along each themed experience. The local connection is further deepened through immersive audio experiences, where local business owners or staff at local institutions share personal stories about Central's evolving character. Featured local voices include:

Bonny Yuen (Founder of Yuen's Tailor): a family-run tailoring shop boasting over 55 years of history and craftsmanship.

Gavin Yeung (Co-founder of Kinsman): a Central cocktail bar known for its innovative drinks inspired by Cantonese and Chinese spirits.

Ben Tsui (Fourth-generation owner of Kung Lee Herbal Tea Shop): a time-honoured herbal tea shop famous for its fresh sugar cane juice and traditional herbal jelly.

Cecilia Chan (Co-founder of Glocal Mahjong): one of the few places in Hong Kong where visitors can pick up a unique mahjong-themed souvenir.

Take Central Memories Home with Limited-Time Keepsakes and Cocktails

To mark the launch of the campaign, Old Town Central is introducing a series of exclusive collaborations and special experiences available for a limited time, giving visitors even more reasons to explore the neighbourhood.

Visitors can collect a complimentary Old Town Map to guide their journey through the neighbourhood's hidden gems, while tourists who spend HKD200 or more in a single same-day transaction at participating merchants can redeem one of five limited-edition Street Sign Pins at Central Market, Tai Kwun, PMQ or other participating merchants.

For a limited period, 14 celebrated neighbourhood bars - including 50 Best-listed bars COA, Montana, The Opposites, The Savory Project and Tell Camellia - will serve Old Town Exclusive Cocktails inspired by the Central's character. From Canton Bazaar at 001, inspired by Hong Kong's layered cultural background, to Taro Irish Coffee at The Opposites, featuring the flavours of Taro Sago Soup, a classic Cantonese dessert, each serve offers a unique taste of the neighbourhood.

The new Old Town Central experience is part of HKTB's broader effort to encourage visitors to explore Hong Kong's diverse neighbourhoods and connect more deeply with the communities that define the city. By combining heritage, creativity, gastronomy and innovation, Old Town Central invites travellers to venture beyond the city's more familiar landmarks and discover the authentic stories waiting around every corner.

To start planning your Old Town Central journey, please visit https://www.discoverhongkong.com/eng/neighbourhoods/old-town-central.html.

Media can download photos at the following link:

https://assetlibrary.hktb.com/assetbank-hktb/action/browseItems?categoryId=2554&categoryTypeId=2&cachedCriteria=1

For media inquiries, please contact:

Ms Holly Chan

Tel: 2807 6206

Email: holly.chan@hktb.com

Ms Irene Tsang

Tel: 2807 6541

Email: irene.tsang@hktb.com

Fall into Hong Kong: A Season of Festivals, Flavours and Citywide Celebrations Begins

Wed, 12 Aug 2026 07:47:00 +0700

From centuries-old traditions and world-class sporting events to culinary extravaganzas and Halloween thrills, Hong Kong comes alive this autumn

HONG KONG, Aug. 11, 2026 (GLOBE NEWSWIRE) -- This Autumn, Hong Kong welcomes one of its most exciting times of year with a packed calendar of festivals, sporting events and immersive citywide celebrations.

From ancient traditions and cultural spectacles to world-class gastronomy and outdoor adventures, autumn showcases why Hong Kong continues to strengthen its position as the Events Capital of Asia, while offering visitors a collection of Only in Hong Kong moments, from iconic harbourfront experiences and vibrant neighbourhoods to hidden natural escapes and one-of-a-kind cultural traditions.

For Culture Lovers: Where Ancient Tradition Illuminates the Modern City

The season begins with the Mid-Autumn Festival, one of Hong Kong's most cherished celebrations. From 17 to 27 September, a large-scale international Mid-Autumn lantern display at Victoria Park will showcase spectacular lantern displays, including the renowned Qinhuai Lanterns from Nanjing and an International Lantern Corridor featuring festive lantern artistry from over 20 countries. Visitors can also enjoy festive ambient lighting, further highlighting Hong Kong's role as a vibrant crossroads of cultures ? a city where East meets West, offering a unique opportunity to experience lantern traditions and cultural artistry from across the globe. Another highlight is the Tai Hang Fire Dragon Dance, one of Hong Kong's most treasured cultural traditions and an event inscribed on China's National List of Intangible Cultural Heritage. Taking place from 24 to 26 September, the event celebrates its 147th edition. The spectacular procession features a 67-metre dragon illuminated by 12,000 burning incense sticks, offering a rare opportunity to witness living heritage in the heart of the city.

For Active Travellers: The Urban Adventures

Sports enthusiasts can join the Sun Hung Kai Properties Hong Kong Cyclothon on 11 October, Hong Kong's largest annual cycling event. Featuring 56km and 32km scenic rides, participants will enjoy a rare opportunity to cycle across iconic bridges, through tunnels and past some of the city's most striking urban landscapes. The excitement continues off the course at the Cyclothon Carnival in the West Kowloon Cultural District, where visitors can enjoy a full day of sports, entertainment, family-friendly activities and gourmet experiences.

Visitors can also explore Hong Kong's extensive hiking trails, outlying islands and the Hong Kong UNESCO Global Geopark, experiencing the rare contrast of vibrant cityscapes and stunning natural landscapes within easy reach of one another.

For Food and Wine Lovers: A Feast for the Senses in Asia's Culinary Capital

Food and wine lovers can savour the Hong Kong Wine & Dine Festival from 29 October to 1 November, when the Central Harbourfront transforms into a vibrant celebration of global flavours against the iconic Victoria Harbour skyline. Featuring more than 300 booths, world-class wines, live entertainment, exclusive tasting and food and wine pairing experiences. The Festival will also introduce a new highlight, "Only in Hong Kong" Flavours, featuring signature dishes from more than 100 restaurants - including Michelin-starred establishments, luxury hotels and beloved local favourites - celebrating the city's rich and diverse culinary scene. The festivities will continue throughout November with Hong Kong Wine & Dine Month, bringing exclusive dining offers, curated menus and gourmet experiences to restaurants, bars and hotels across the city, inviting visitors to discover Hong Kong's diverse and dynamic food scene.

For Party Lovers: East Meets West in Celebration

October will see Hong Kong host its first-ever citywide Halloween celebration, transforming the entire city into a giant stage for creativity, costumes and immersive experiences. With themed activities and local collaborations across multiple districts, visitors can join special weekends on 17 and 24 October before the citywide finale on 31 October. Popular attractions including Hong Kong Disneyland and Ocean Park will also unveil their signature Halloween experiences, adding even more thrills to a month-long celebration unlike anywhere else in Asia.

Beyond the headline events, autumn is also the perfect time to discover Hong Kong's unique blend of urban energy and natural beauty. Visitors can admire the city's iconic skyline aboard a Star Ferry or traditional junk boat on Victoria Harbour, ride the historic "ding ding" tram through bustling neighbourhoods, or venture into the great outdoors to explore scenic hiking trails, outlying islands and dramatic coastal landscapes under comfortably cool skies.

For Family and Festive Travellers: A Sparkling Winter Celebration

As autumn gives way to winter, the excitement continues with another season of blockbuster experiences. From November onwards, Hong Kong WinterFest ushers in the festive season with a spectacular Christmas Town, complemented by immersive light displays across Central, Tsim Sha Tsui and Causeway Bay, seasonal shopping and dining experiences, and holiday attractions throughout the city. The celebrations will culminate in the spectacular New Year Countdown Celebrations (31 December), featuring a dazzling fireworks musical over Victoria Harbour. Whether drawn by culture, sport, culinary excellence or outdoor adventure, travellers will find unforgettable experiences waiting around every corner in Asia's world city.

tbl

Event	Date	Venue
Large-scale International Mid-Autumn Lantern Display	17 - 27 September	Victoria Park
Tai Hang Fire Dragon Dance	24 - 26 September	Tai Hang, Causeway Bay
Sun Hung Kai Properties Hong Kong Cyclothon & Cyclothon Carnival	11 October	West Kowloon Cultural District
Hong Kong Wine & Dine Festival	29 October - 1 November	Central Harbourfront
Halloween celebrations in town	Late October - 31 October	Various locations in Hong Kong
Hong Kong WinterFest	November 2026 - January 2027	To be announced
New Year Countdown Celebrations	31 December	Victoria Harbour

Media can download photos at the following link:

https://assetlibrary.hktb.com/assetbank-hktb/action/browseItems?categoryId=2514&categoryTypeId=2&cachedCriteria=1

For media inquiries, please contact:

Ms Natalie Chan
Tel: 2807 6216
Email: natalie.yt.chan@hktb.com Ms Irene Tsang
Tel: 2807 6541
Email: irene.tsang@hktb.com

Copyright 2026 GlobeNewswire, Inc.

Merck Expands Biosafety Testing Laboratory in Singapore to Strengthen Services Across Asia Pacific

Wed, 12 Aug 2026 07:31:00 +0700

SINGAPORE - Media OutReach Newswire - 11 August 2026 - Merck, a leading science and technology company, is expanding its Singapore lab to further strengthen analytical and biosafety testing services for customers across the Asia Pacific region. Biosafety testing is a critical step in the drug development and manufacturing process, helping to ensure that biologics are safe, effective, and compliant with regulatory requirements.

The expansion builds on Merck's global testing expertise of more than 75 years and marks a significant milestone in providing an advanced, local contract testing services portfolio for the region's growing biopharma industry.

"Localizing these BioReliance testing capabilities means our Asia Pacific biopharma customers can accelerate their development timelines, improve operational efficiency, and meet evolving regulatory and sustainability standards" said Paolo Carli, Head of Advanced Solutions for the Life Science business of Merck. "This investment underscores Merck's commitment to empowering medicine makers by providing industry-leading analytical and biosafety testing services and technical expertise."

Merck's Singapore laboratory will become the first BioReliance facility in Asia-Pacific to offer both Cell Line Characterization services and GMP next-generation sequencing (NGS) capabilities. It will also offer advanced molecular methods including Blazar, a proprietary platform for rapid virus detection.

The expanded facility aims to support the industry's move towards state-of-the-art quality control testing of biologics and 3Rs (Replacement, Reduction, and Refinement of animal use) through advanced molecular methods.

"Merck's expansion of the BioReliance lab will bring world-class and next-generation testing services to biopharmaceutical companies in Singapore and the region. We look forward to continuing our partnership with Merck to strengthen Singapore's ecosystem, build new capabilities within our local workforce, and enable the delivery of innovative therapies to patients," said Goh Wan Yee, Senior Vice President and Head of Healthcare, Singapore Economic Development Board.

The Singapore BioReliance lab was opened in 2018, and the expansion will bring the total lab area to over 1,000 square meters. This expansion is also a key step in Merck's broader strategy to support the region's dynamic life science ecosystem and drive scientific progress.

About Merck

Merck, a leading science and technology company, operates across life science, healthcare and electronics. More than 62,000 employees work to make a positive difference to millions of people's lives every day by creating more joyful and sustainable ways to live. From providing products and services that accelerate drug development and manufacturing as well as discovering unique ways to treat the most challenging diseases to enabling the intelligence of devices - the company is everywhere. In 2025, Merck generated sales of EUR 21.1 billion in 65 countries.

Scientific exploration and responsible entrepreneurship have been key to Merck's technological and scientific advances. This is how Merck has thrived since its founding in 1668. The founding family remains the majority owner of the publicly listed company. Merck holds the global rights to the Merck name and brand. The only exceptions are the United States and Canada, where the business sectors of Merck operate as MilliporeSigma in life science, EMD Serono in healthcare, and EMD Electronics in electronics.

All Merck press releases are distributed by e-mail at the same time they become available on the Merck website. Please go to www.merckgroup.com/subscribe to register online, change your selection or discontinue this service.

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

Hashtags: #Merck #BioReliance #biosafety

DHL Express launches direct Shanghai-Bangkok flight to support growing trade flows across China and Indochina

Wed, 12 Aug 2026 07:27:00 +0700

New DHL daily flight service on Boeing 767 freighter strengthens connections between China, Indochina, the Middle East and Europe

SINGAPORE - Media OutReach Newswire - 11 August 2026 - DHL Express has added a new direct flight between Shanghai and Bangkok, increasing capacity on a trade lane linking China and the rapidly growing economies of Indochina.

The new flight route, Shanghai-Bangkok-Bahrain*-Brussels-Shanghai, significantly enhances connectivity among manufacturing, sourcing, and consumption markets across Asia, the Middle East, and Europe.

Operated by a DHL Boeing 767 freighter with a maximum payload of 50 tons, the new daily service demonstrates DHL Express's ongoing investments in network capacity and infrastructure to strengthen connectivity for customers in high-growth markets. Equally, it also reflects DHL's constant review of evolving trade patterns and swift action to adapt to those changes.

"This route is a direct response to how trade flows in Asia are shifting," said Peter Bardens, Senior Vice President for Network Operations & Aviation - Asia Pacific, DHL Express. "We're seeing increasing movement of goods between China and Southeast Asia, alongside continued demand from customers in Europe and the Middle East for products manufactured across the region. This new route boosts our network where customers need it most, providing additional capacity and more direct connections between key production and consumption markets."

Bangkok serves as a strategic gateway to the Indochina region, while Bahrain and Brussels are key DHL Express hubs. The introduction of the Shanghai-Bangkok route enables DHL Express to efficiently consolidate shipments originating from China and Southeast Asia before connecting them to destinations across Europe and the Middle East.

The direct flight comes at a time when manufacturers and traders in markets such as Thailand, Vietnam, Cambodia and Laos are sourcing more from China. For many customers, those shipments are part of production chains that stretch across multiple countries. As trade links between China and Southeast Asia deepen, DHL Express is improving speed, flexibility and network resilience for customers moving materials, components and finished products across Asia and onward to global markets.

Last month, DHL Express also expanded its Shenzhen gateway, located at Shenzhen Bao'an International Airport. The facility can handle 900 tons of cargo daily ? approximately three times the original throughput - as it supports booming cross-border trade and e-commerce shipments in China.

At the same time, businesses in Europe and the Middle East continue to trade heavily with their peers in China and Southeast Asia for a wide range of products, from electronics and industrial components to consumer goods. As international business activity remains highly dispersed across global markets rather than concentrating within regions, the new route opens more trading opportunities for businesses while strengthening access for both regions.

As both intra-Asia and global trade flows continue to show resilience, DHL remains focused on investing in its dedicated air network. Another recent example includes the introduction of a new transpacific service by DHL Global Forwarding that connects Southeast Asia and the United States. These expansions seek to better connect businesses to global markets as well as build more agile supply chains.

*Note to editor: Due to the current conflict in Middle East, flights are tentatively diverted to other locations in the Middle East.

DHL - The logistics company for the world

DHL is the leading global brand in the logistics industry. Our DHL divisions offer an unrivaled portfolio of logistics services ranging from national and international parcel delivery, e-commerce shipping and fulfillment solutions, international express, road, air and ocean transport to industrial supply chain management.

With approximately 389,000 employees in more than 220 countries and territories worldwide, DHL connects people and businesses securely and reliably, enabling global sustainable trade flows. With specialized solutions for growth markets and industries including technology, life sciences and healthcare, engineering, manufacturing & energy, auto-mobility and retail, DHL is decisively positioned as "The logistics company for the world".

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

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

Hashtags: #DHLExpress #Globaltrade #Indochina

https://group.dhl.com/en.html

https://www.linkedin.com/company/dhlexpress/

Exor and Philips Extend Long-term Relationship Agreement

Wed, 12 Aug 2026 07:21:00 +0700

August 11, 2026 - Amsterdam, the Netherlands - Royal Philips (NYSE: PHG, AEX: PHIA), a global leader in health technology, and Exor N.V. today announced that they have agreed to update their long-term relationship agreement.

It provides Exor with the flexibility to increase its shareholding in Philips to up to 22% of the company's issued ordinary share capital and voting rights, up from the previous 20% cap, with the possibility of increasing its stake further subject to approval by the Philips Supervisory Board. Governance arrangements remain unchanged, including Exor's right to nominate one member of the Philips Supervisory Board.

Feike Sijbesma, Chairman of the Supervisory Board of Royal Philips, said:

"Exor's long-term commitment underlines its confidence in Philips and its strategy. The Supervisory Board values Exor's constructive engagement, and I appreciate Beno?t Ribadeau-Dumas' continued contribution as we oversee Philips' strategic direction."

Roy Jakobs, CEO of Royal Philips, said:

"The updated agreement reflects Exor's support for Philips and its Board of Management as we execute our 2026?2028 plan. It underscores the value creation potential of the plan and our focus on delivering profitable growth."

John Elkann, CEO of Exor, said:

"We support Philips' long-term strategy defined by innovation, value creation and disciplined execution. The updated agreement reflects our continued commitment to Philips as its largest shareholder."

About Royal Philips

Royal Philips (NYSE: PHG, AEX: PHIA) is a leading health technology company focused on improving people's health and well-being through meaningful innovation. Philips' patient- and people-centric innovation leverages advanced technology and deep clinical and consumer insights to deliver personal health solutions for consumers and professional health solutions for healthcare providers and their patients in the hospital and the home.

Headquartered in the Netherlands, the company is a leader in image-guided therapy, diagnostic imaging, ultrasound, monitoring, enterprise informatics and personal health. Philips generated 2025 sales of approximately EUR 18 billion and employs approximately 63,700 employees with sales and services in more than 100 countries. News about Philips can be found at www.philips.com/newscenter.

About Exor

Exor N.V. (AEX: EXO) has been building great companies since its foundation by the Agnelli Family. For more than a century, Exor has made successful investments worldwide, applying a culture that combines entrepreneurial spirit and financial discipline. Its portfolio is principally made up of companies in which Exor is the largest shareholder including Ferrari, Philips, CNH and Stellantis.

Forward-looking statements and other important information

This release contains certain forward-looking statements with respect to the financial condition, results of operations and business of Philips and certain of the plans and objectives of Philips with respect to these items.

Examples of forward-looking statements include statements made about the strategy, estimates of sales growth, future EBITA, future developments in Philips' organic business and the completion of acquisitions and divestments.

By their nature, these statements involve risk and uncertainty because they relate to future events and circumstances and there are many factors that could cause actual results and developments to differ materially from those expressed or implied by these statements.

Media contacts

Michael Fuchs

Philips Global External Relations

Contact details

Tel: +31614869261

media@philips.com

Dorin Danu

Philips Investor Relations

Contact details

Tel: +31205977055

dorin.danu@philips.com

Attachments

Clinician and patient with Azurion and IntraSight

Exor logo

Disney themes incorporated into Philips Ambient Experience for MRI

Nurses at central monitoring station

Liangshan, China: 300,000 People Celebrate a Torch Carnival Night

Wed, 12 Aug 2026 07:17:00 +0700

XICHANG, CHINA - Media OutReach Newswire - 11 August 2026 - At 8 p.m. local time on August 8, along the eastern extension of Hangtian Avenue in Xichang City, Liangshan Yi Autonomous Prefecture, China, 86 bonfires were lit, and tens of thousands of torches were raised in unison, turning the 3.2-kilometer-long street instantly into an ocean of joy.

The lively Yi ethnic music set the 300,000-strong crowd ablaze with excitement at the scene, as people of all ages joined hands, performed traditional Yi folk dances around the bonfires, and revelled in the fiery carnival.

That night's carnival was the centerpiece of the 2026 Liangshan Yi Torch Festival and marked the climax of the entire celebration. This year's edition featured 98 distinctive cultural tourism events held simultaneously across all 17 counties and cities of Liangshan, creating a spectacular midsummer celebration.

On July 19, Puge County, serving as the "first stop" of the 2026 Liangshan Yi Torch Festival's cultural tourism program, presented the traditional fire-lighting ceremony in its entirety alongside folk performances that offered visitors an authentic glimpse into the rich heritage of Yi culture.

The celebrations then continued in Butuo County, Yuexi County, Huidong County, Huili City, and Dechang County, among others, featuring traditional costume showcases, intangible cultural heritage workshops, Yi ethnic music days, and other cultural tourism activities. The events will run through the end of August.

Liangshan Prefecture is home to the largest Yi ethnic community in China. Among the many traditional festivals of the Yi people, the Torch Festival stands out as the grandest, richest, and most vibrant celebration, drawing the largest crowds and showcasing the most distinctive Yi traditions.

During the height of summer, Liangshan enjoys a pleasant temperature averaging around 20?C. The prefecture is home to 20 ICH items at the national level and boasts 81 officially rated tourist attractions, including Qionghai Lake-Lushan Mountain, Lugu Lake, and Luoji Mountain. Here, breathtaking natural landscapes blend harmoniously with the profound cultural heritage of the Yi people. During the 2026 Spring Festival, May Day, and Dragon Boat Festival holidays, Liangshan recorded a year-on-year growth of over 10% in both tourist arrivals and total tourism consumption.

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

Hashtags: #LiangshanYiTorchFestival #TorchFestival #Liangshan

Axi Select Hosts Exclusive Madrid Gathering for Pro M Traders and Axi Leadership

Wed, 12 Aug 2026 07:10:00 +0700

Axi Select Hosts Exclusive Madrid Gathering for Pro M Traders and Axi Leadership. (Madrid PR photo)

SYDNEY, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Ten of Axi Select's $1M funded Pro M traders gathered in Madrid this July for an exclusive experience that brought together achievement, mentorship and meaningful dialogue with Axi's executive leadership.

Having reached the prestigious Pro M tier (the highest level within Axi Select's capital allocation programme), the traders travelled from across the globe to take part in an invitation-only event designed to recognise their success and strengthen the relationship between Axi and its top-performing trading talent.

Rather than a traditional conference or awards ceremony, the Madrid meet-up focused on genuine connection. At the heart of the programme were intimate fireside discussions, with Axi CEO Rajesh Yohannan and COO Gavin Ward, giving traders the opportunity to discuss their personal journeys, the realities of managing funded capital and the evolving demands of modern trading.

The discussions moved well beyond market strategies. Participants shared how trading with allocated capital differs psychologically from trading personal funds, the discipline required to remain consistently profitable, and the lessons learned while progressing through Axi Select's funding milestones. The conversations became a genuine exchange of ideas, with Axi's leadership hearing directly from the traders helping shape the future of funded trading.

Throughout the event, formal sessions were balanced with opportunities for informal conversation, including shared meals, one-to-one discussions, and social activities that allowed traders and executives to connect away from presentations and meeting rooms.

Rajesh Yohannan, Chief Executive Officer at Axi said:

"Spending time with the Pro M traders in Madrid reminded me that behind every funding milestone is a person who has put in years of discipline backed by enormous self-belief. Axi Select exists to back that kind of talent, and events like this keep us close to the people we're building it for."

Pro M Madrid Event Traders

Sook Yen

Francisco

Alejandro

Yoleny G

Ramon

Jaime

Sergio

Tomas

Daniel

Vincente

As Axi Select continues to expand globally, initiatives such as the Madrid meet-up demonstrate the company's commitment to recognising excellence, creating opportunities for meaningful collaboration and putting traders at the centre of conversation.

About Axi

Axi is a global online trading provider offering access to forex, indices, commodities, and digital assets to clients in more than 100 countries. The company combines trading technology, education, and partnership initiatives to support trader development worldwide.

Media enquiries: mediaenquiries@axi.com

The Axi Select program is only available to clients of AxiTrader LLC. CFDs carry a high risk of investment loss. This content may not be available in your region. For more information, refer to Axi's Terms of Service. Standard trading fees and minimum deposit apply.

Bitget Reports 18x Growth in rToken Trading Activity as Tokenized Markets Mature in July

Wed, 12 Aug 2026 07:03:00 +0700

VICTORIA, Seychelles, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Bitget, the world's largest Universal Exchange (UEX), has released its July 2026 Transparency Report, highlighting growing adoption of tokenized financial markets as users increasingly incorporated tokenized equities into broader trading and investment strategies.

The report also outlines continued expansion across unified trading infrastructure, AI-powered investing, institutional products and onchain finance as tokenized assets become more deeply integrated into digital markets.

The month saw rToken surpassing US$100 million in assets under management within five weeks of launch, reaching approximately US$114 million by July 6. During the same period, cumulative trading volume reached US$671.37 million, including average daily trading volume of US$19.75 million, with more than 100,000 users trading rTokens. The report also found daily trading-user penetration increasing 18-fold from launch, while 42.87% of first-time buyers increased their positions within seven days, reflecting growing engagement beyond initial purchases.

Industry research published during the month reinforced Bitget's position across trading infrastructure. CryptoRank found that Bitget recorded the lowest slippage for large tokenized equity trades and the highest balanced displayed liquidity within 50 basis points among the exchanges analysed. The CoinGlass 2026 Derivatives Market Report ranked Bitget second globally for ETH liquidity depth with US$81.37 million in order-book depth and fourth globally for BTC liquidity depth, while TokenInsight reported nearly US$70 billion in TradFi perpetual trading volume on Bitget during Q2 2026.

"Tokenized assets are only as strong as the market behind them. Investors don't care how many assets an exchange lists if they can't trade them efficiently.," said Gracy Chen, CEO of Bitget. "DeFiLlama latest research shows that Bitget delivers the deepest liquidity and execution for tokenized equities among the exchanges evaluated. As adoption grows, that's what will decide which platforms investors continue to trust."

Beyond market activity, Bitget continued to expand the infrastructure supporting tokenized finance. During July, the exchange enabled more than 100 tokenized U.S. stocks to be used as collateral within its Unified Trading Account, introduced GetAgent Playbook to extend AI-powered trading into tokenized investing, and released an institutional cross-asset collateral playbook exploring capital efficiency across crypto and tokenized assets.

Bitget Wallet also surpassed 100 million users, expanding stablecoin payment connectivity and tokenized asset access through new integrations including Robinhood Chain and Assetback. Beyond product development, Bitget expanded its Blockchain4Youth partnership with UNICEF's Game Changers Coalition from eight to eleven countries, extending blockchain, AI and financial literacy education to more young people worldwide.

The July Transparency Report reflects the continued evolution of tokenized markets as users increasingly integrate tokenized assets into active trading, portfolio management and cross-asset investing. The report reflects Bitget's continued investment in market infrastructure, liquidity and institutional products, as tokenized finance becomes more integrated across retail and institutional markets.

To read the report, visit here.

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.

Orbitel International Corp. Creative Director Ming-Ji Hsieh's One Suitcase Selected for the 2026 National Art Exhibition

Tue, 11 Aug 2026 09:46:00 +0700

F/: The exhibition is held at the National Taiwan Museum of Fine Arts (No. 2, Section 1, Wuquan West Road, West District, TAICHUNG CITY, TAIWAN). Admission is free and open to the public. (Image courtesy of Ming-Ji Hsieh, Creative Director of Orbitel International Corp.)

TAICHUNG CITY, TAIWAN - Media OutReach Newswire - 11 August 2026 - In today's increasingly interconnected world, the boundaries between design, branding, and art continue to evolve. Organized by the National Taiwan Museum of Fine Arts (NTMoFA) under the guidance of Taiwan's Ministry of Culture, the 2026 National Art Exhibition brings together 114 selected and award-winning works that showcase the diversity and creative energy of contemporary Taiwanese art across multiple disciplines.

The exhibition is held at the National Taiwan Museum of Fine Arts (No. 2, Section 1, Wuquan West Road, West District, TAICHUNG CITY, TAIWAN). Admission is free and open to the public. (Image courtesy of Ming-Ji Hsieh, Creative Director of Orbitel International Corp.)

Among this year's selected works is One Suitcase, created by Ming-Ji Hsieh, Creative Director of Orbitel International Corp. Inspired by BOBAMAN, the signature character of the O's Bubble brand, the artwork extends the language of branding into the realm of contemporary art. By transforming brand storytelling into a universal visual narrative, One Suitcase stands out as one of the exhibition's few interdisciplinary works built upon a brand's cultural identity.

One Suitcase: A Universal Story of Movement and Belonging

At the heart of One Suitcase is a simple yet powerful symbol-a single suitcase. It reflects the shared experience of today's globally mobile generation: people traveling across cities, cultures, and languages with only what they can carry, pursuing new opportunities while searching for a place to belong.

Rooted in Taiwan's island culture yet speaking to a global audience, the artwork suggests that embarking on a journey is not about possessing more, but about moving forward with purpose, conviction, and hope despite uncertainty. This idea of being "light in possessions, yet steadfast in spirit" forms the emotional core of the work.

According to Ming-Ji Hsieh, BOBAMAN is more than a brand mascot. It represents a cultural symbol-an emotional language born in Taiwan that can resonate with people around the world. Its simple, rounded form and warm smile embody kindness, optimism, and a human connection that transcends cultural boundaries.

Extending the O's Bubble Brand Philosophy Through Art

The O's Bubble brand philosophy, "YOU x ME," represents more than interaction between people-it reflects the possibility of understanding across cultures.

One Suitcase carries this philosophy into the world of contemporary art by presenting the smile as a universal language. Rather than being merely a facial expression, a smile becomes a shared emotional experience that connects people from different backgrounds, cultures, and life journeys.

As BOBAMAN enters the artistic landscape, the character evolves beyond brand identity to symbolize trust, empathy, and the enduring possibility of human connection.

The artwork also expresses the message, "Because we believe in ourselves," transforming a brand belief into a universal value that can be interpreted and appreciated by audiences regardless of cultural background.

From Taiwan to the Global Stage

Now in its 16th edition, the National Art Exhibition is one of Taiwan's most prestigious art events. This year's exhibition received more than 1,000 submissions across 11 artistic categories, including ink painting, oil painting, sculpture, photography, new media, and mixed media. Following a rigorous review process, only 114 works were selected or awarded, highlighting the richness and diversity of Taiwan's contemporary artistic landscape.

Within this context, the selection of One Suitcase represents more than artistic recognition. It demonstrates how a brand can move beyond commercial communication to become part of a broader cultural conversation. By transforming design into storytelling, the work bridges branding, public art, and international cultural exchange.

The Future of Interdisciplinary Creation: Where Brand, Art, and Culture Converge

As the global creative industry continues to embrace cross-disciplinary collaboration, brands are evolving beyond commercial identities to become powerful platforms for cultural expression and storytelling.

The selection of One Suitcase marks another milestone for Orbitel International Corp. and O's Bubble, demonstrating how a brand can expand beyond marketing and enter the broader cultural landscape. By transforming visual design into artistic expression, the work illustrates how branding can foster meaningful dialogue across cultures and connect with audiences in new ways.

Through the evolution of BOBAMAN, the artwork creates an emotionally resonant symbol that can be understood across cultural boundaries. It invites audiences from around the world to engage with creativity born in Taiwan, encouraging new interpretations while highlighting the universal themes of identity, movement, and human connection.

Ultimately, One Suitcase demonstrates how creativity originating in Taiwan can transcend geographic and cultural boundaries. It reimagines branding not merely as a commercial tool, but as a bridge between people, cultures, and ideas-opening new possibilities for dialogue through art.

Exhibition Information

Exhibition: 2026 National Art Exhibition

Dates: July 18 - October 11, 2026

Venue: National Taiwan Museum of Fine Arts

Location: No. 2, Section 1, Wuquan West Road, West District, Taichung City, Taiwan

Opening Hours:

Tuesday-Friday: 9:00 AM - 5:00 PM

Saturday-Sunday: 9:00 AM - 6:00 PM

Closed on Mondays

Admission is free.

Visitors from Taiwan and around the world are invited to experience the vibrant creativity of contemporary Taiwanese art and discover, through One Suitcase, a new perspective on the intersection of branding, art, and culture-one that reimagines the meaning of departure, connection, and shared humanity in an increasingly interconnected world.

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

Hashtags: #OrbitelInternationalCorp #2026NationalArtExhibition

Photo Feature: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the "Ocean Economy"

Tue, 11 Aug 2026 09:43:00 +0700

Caption: Global Media Explore Hainan Free Trade Port, Unlocking the New Vitality of the "Ocean Economy"

HAIKOU, CHINA - Media OutReach Newswire - 10 August 2026 - A delegation of journalists from nine major overseas media outlets, including the United States, France, T?rkiye, Spain, and the Republic of Korea, recently visited China's Hainan Province for an in-depth tour across multiple cities including Haikou, Wanning, Lingshui, and Sanya.

The mission was to investigate the region's marine cultural tourism, ecological conservation efforts, and innovative consumer models, and to witness firsthand the renewed dynamism of Hainan's "ocean economy."

As the first full year following the island-wide special customs operations of the Hainan Free Trade Port (FTP), 2026 has been designated the "Marine Tourism Year," with a strategic focus on ocean-themed cultural travel. Leveraging policy dividends such as visa-free access for citizens of 86 countries, expanded traffic rights, and offshore duty-free shopping, Hainan has consistently enhanced its openness to the world, fueling a surge in cultural tourism demand. In the first half of this year alone, the island recorded over 1 million inbound visits, a year-on-year increase of 48.8%, underscoring the robust growth momentum of the FTP's tourism sector.

In Wanning's Riyue Bay, the international media group experienced firsthand the rapid expansion of Hainan's coastal sports industry. Renowned as a world-class surfing destination, the bay receives more than 500,000 visits annually, drawing travelers from as far as Australia and Southeast Asia. A major highlight was the nation's first Olympic-standard artificial surf pool, which employs advanced wave-making technology to simulate 23 different wave types, enabling year-round, all-weather surfing regardless of natural conditions. Mr. Guney Isik Ganimgil, a contributor to Turkey's Aydınlık newspaper, remarked that Hainan's cultural tourism development has far exceeded expectations and holds tremendous investment potential.

Eco-empowered tourism and the protection of blue bays are the defining hallmarks of Hainan's development. The Hainan Ocean Paradise Resort adheres strictly to a policy against capturing wild marine life; its rescue center has successfully rehabilitated and released over 200 rare marine creatures, including sea turtles and hawksbills, back into the wild. Meanwhile, Wuzhizhou Island has pioneered an innovative model of eco-tourism, partnering with universities to develop a tropical marine ranch. Through the strategic deployment of artificial reefs and the transplantation of tens of thousands of coral colonies, the island now offers visitors the opportunity to participate in coral transplantation-a hands-on experience that fosters a virtuous cycle between ecological conservation and tourism engagement, earning high praise from the attending media.

Deepening the integration of culture and tourism has also revitalized Hainan's traditional maritime heritage. The Danjia fishing rafts continue to enrich their authentic marine-ethnic cultural offerings, continuously diversifying their "product portfolio". Tianya Town, built around a century-old fishing village, has evolved into a coastal leisure landmark, now home to nearly a hundred boutique homestays and specialty caf?s. The Sanya International Duty-Free Shopping Complex, housing over 1,000 international brands, has introduced cutting-edge "duty-free + technology" consumption scenarios. And the Sanya Yacht Tourism Center, with a complete industrial chain, recorded over 220,000 yacht outings in 2025, cementing its status as a premier destination for high-end coastal tourism.

After four days of in-depth exploration, the media delegation witnessed a Hainan that is open, green, and vibrantly dynamic. Today's Hainan FTP has transcended the traditional model of seaside tourism, with policy as its backbone, ecology as its canvas, and culture as its soul. By continually energizing the blue economy, Hainan is presenting a compelling new vision of high-quality development to the world.

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

Hashtags: #HainanFreeTradePort

V-Green and HKR partner to develop large-scale EV Charging Hub, expanding Indonesia's green transport infrastructure

Tue, 11 Aug 2026 09:40:00 +0700

JAKARTA, INDONESIA - Media OutReach Newswire - 10 August 2026 - V-Green Indonesia and PT HK Realtindo (HKR) have signed a strategic cooperation agreement to develop an integrated EV Charging Hub in Kemayoran, Central Jakarta.

The partnership marks a significant milestone in the strategic collaboration between V-Green and Hutama Karya Group, HKR's parent company, as the two parties work together to pioneer a flagship EV charging hub model and accelerate the development of a comprehensive green mobility ecosystem across Indonesia.

Under the agreement, V-Green Indonesia will lease an 8,747-square-meter site owned by PT HK Realtindo (HKR) to develop the EV Charging Hub in Kemayoran. The model is particularly well suited for large land parcels, enabling landowners to optimize underutilized real estate assets and generate sustainable long-term revenue while allowing V-Green to rapidly expand its charging infrastructure network at strategic locations.

The EV Charging Hub is a large-scale charging infrastructure model that integrates multiple services within a single location to simultaneously serve the needs of individual EV owners, commercial fleet operators, and ride-hailing drivers. Scheduled to commence operations in October this year, VinFast's EV Charging Hub in Kemayoran will feature 36 EV chargers and 20 battery swapping stations for electric motorcycles, with the capacity to serve up to 56 electric cars and 220 electric motorcycles simultaneously.

In addition to fast-charging facilities for electric cars and battery swapping stations for electric motorcycles, the project will include dedicated parking areas for commercial fleets, rooftop solar panels to supplement on-site renewable energy generation, and a range of customer amenities such as rest areas, food and beverage outlets, and caf?s.

The agreement with HKR represents the first major milestone following the Memorandum of Understanding signed between V-Green Indonesia and Hutama Karya Group in April 2026. Under the MoU, the two parties agreed to jointly explore the development of EV Charging Hubs on Hutama Karya's strategic land assets, while also collaborating to develop EV charging infrastructure across 29 rest areas along the Trans-Sumatra Toll Road.

In the next phase, V-Green plans to deploy EV chargers across these 29 rest areas, creating a large-scale charging network along one of Indonesia's key highway corridors and making long-distance EV travel more convenient for users.

Mr. Ekwan Hadyanto, President Director of PT HK Realtindo, said: "Our partnership with V-Green opens up new opportunities to maximize the value of HK Realtindo's land assets while demonstrating our commitment to supporting the Indonesian Government's efforts to accelerate sustainable transportation infrastructure. We expect the Kemayoran project to become the foundation for expanding our collaboration across many other strategic locations nationwide."

Mr. Mai Truong Giang, CEO of V-Green Indonesia, said: "Signing this agreement with PT HK Realtindo marks an important milestone in realizing V-Green's strategy to develop EV infrastructure throughout Indonesia. We believe the EV Charging Hub model will not only meet the country's rapidly growing demand for EV charging but also create sustainable value for V-Green's partners while contributing to Indonesia's green transition."

The Kemayoran project is expected to serve as a flagship integrated EV Charging Hub model in Indonesia, laying the foundation for V-Green to gradually replicate the concept across other strategic HK Group locations. Beyond enhancing the EV ownership experience, the model also creates new opportunities to unlock the value of strategically located land assets while establishing modern infrastructure hubs that support Indonesia's transport electrification.

The partnership with Hutama Karya, one of Indonesia's largest infrastructure groups, further reinforces V-Green's strategy of collaborating with leading local partners to build a modern, integrated, and accessible EV charging network across the country.

Globally, V-Green is rapidly expanding its electric vehicle charging network, which now comprises more than 150,000 charging ports, alongside battery swapping stations for electric motorcycles. In Indonesia, the Company has introduced a range of attractive incentives for users, including free charging for all VinFast electric car owners and a complimentary battery swapping program for VinFast electric motorcycles for one year, with up to 20 battery swaps per vehicle per month. Through these initiatives, V-Green aims to accelerate the adoption of electric mobility while contributing to regional and global decarbonization efforts and sustainable development.

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

Hashtags: #V-GREEN

Mavenir Appoints Jitin Bhandari as Executive Vice President, NeoCloud Platform and Forward Deployment Engineering

Tue, 11 Aug 2026 09:35:00 +0700

Bhandari will lead Mavenir's expansion into the NeoCloud market and its Forward Deployment Engineering practice across communications service providers and NeoCloud customers

RICHARDSON, Texas, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Mavenir today announced the appointment of Jitin Bhandari as Executive Vice President, NeoCloud Platform and Forward Deployment Engineering.

In this role, Bhandari will lead Mavenir's expansion into the rapidly growing NeoCloud market while building a Forward Deployment Engineering practice that will work across Mavenir's communications service provider and NeoCloud customer base.

Building on its recently announced AI-Integrated Platform and AI Service Assurance framework for communications service providers, Mavenir is extending its AI platform, tools and cloud-native expertise to NeoCloud providers. This represents a significant new market opportunity that is additive to Mavenir's established global base of mobile network operators, communications service providers and hyperscalers.

Jitin Bhandari, EVP, NeoCloud Platform and Forward Deployment Engineering

Bhandari brings nearly three decades of experience in telecommunications, software-native technologies, product innovation and business leadership. He joins Mavenir from Nokia, where he most recently served as Chief Technology Officer for Cloud and Network Services, with responsibility for technology strategy and innovation across cloud-native and AI-powered networking solutions.

During his tenure at Nokia, Bhandari held several executive leadership positions, including Chief Product Officer for Core Network Applications and Vice President and General Manager of Digital Networks, where he led large-scale software portfolios and next-generation communications platforms. Earlier in his career, he held leadership roles at Oracle, Acme Packet and Alcatel-Lucent, helping drive the industry's transition to cloud-native architectures, network virtualization, software-defined networking and real-time communications services.

"I am delighted to welcome Jitin to Mavenir at a pivotal moment for our industry," said Pardeep Kohli, President and Chief Executive Officer of Mavenir. "We helped our customers transition from proprietary systems to cloud-native architectures, and we are now well positioned to help them adopt and operationalize AI in all aspects of their business including IT, BSS/OSS, Network Planning etc. Our technology enables customers to build secure, automated model and agent factories within their own security boundaries, while maintaining control over data, performance and cost.

"Jitin brings a rare combination of deep technical expertise, a proven ability to build and scale software portfolios, and a clear vision for AI. He is the right leader to expand our AI platform and establish a Forward Deployment Engineering practice that will work closely with both our communications service provider and NeoCloud customers. Under his leadership, we will accelerate the delivery of AI-by-design, cloud-native solutions and extend our capabilities into new markets and use cases."

"This is an exciting time to join Mavenir," said Bhandari. "The company has built a strong foundation in cloud-native, software-based networks and is uniquely positioned to lead the transition toward AI-by-design and agentic operations. I look forward to working with the Mavenir team and our customers to expand the company's AI platform, tools and Forward Deployment Engineering capabilities-turning that vision into tangible outcomes for communications service providers, NeoCloud providers and enterprises around the world."

Bhandari will report to Mavenir President and Chief Executive Officer Pardeep Kohli.

About Mavenir

Mavenir is enabling intelligent, automated, programmable networks through the development of telco-first, cloud-native, AI-by-design software solutions for mobile operators. The company's deep telco domain expertise has been proven through deployments with 300+ operators globally in over 120 countries, which together serve more than 50% of the world's subscribers. Mavenir combines its deep telco experience with the cloud and IT expertise and data science skillsets essential to solving real customer challenges. Its proven software solutions are AI by design, delivering the AI-native future and operators' evolution to TechCos. For more information, please visit www.mavenir.com

Media Contact:

Emmanuela Spiteri

PR@mavenir.com

Founder Group Limited Secures First Aquaculture Contract, a US$1.2 million 1.4 MW rooftop system for a Terengganu shrimp farm

Tue, 11 Aug 2026 09:25:00 +0700

KUALA LUMPUR, Malaysia, Aug. 10, 2026 (GLOBE NEWSWIRE) -- Founder Energy Sdn Bhd, a subsidiary of Founder Group Limited (NASDAQ: FGL) ("Founder Group" or the "Company"), has signed a turn-key EPCC (engineering, procurement, construction and commissioning) contract to build a 1.4MW-peak rooftop solar system for a client that operates an integrated shrimp farm across three sites in Bandar Permaisuri, Terengganu. The contract is valued at approximately RM4.7 million (US$1.15 million).

Malaysia Renewable Energy Acceleration

Malaysia's renewable energy (RE) sector is undergoing rapid structural growth, driven by national policy initiatives under the National Energy Transition Roadmap (NETR), which targets 70% RE capacity by 2050. Driven by new market mechanisms: including the Corporate Renewable Energy Supply Scheme (CRESS), the launch of Solar ATAP (Solar Accelerated Transition Action Programme), and upcoming Large-Scale Solar (LSS6) frameworks where expected investment ranging RM13 billion to RM15 billion (USD 3.2 billion to USD3.7 billion).

With national utility tariffs adjusting under Regulatory Period 4 (RP4) and fluctuating Automatic Fuel Adjustments (AFA), energy-intensive businesses are increasingly seeking distributed solar solutions to insulate their bottom line from power cost volatility.

Addressing Critical Energy Overhead in Regional Aquaculture

Securing this contract also marking our first EPCC provider for aquaculture contract, operating on a sector the company had not previously served. According to the Department of Fisheries Malaysia, domestic aquaculture produced over 500,000 metric tons valued at approximately US$1 billion in 2023. Under the National Agro-Food Policy 2.0, the government aims to expand aquaculture output to 40% of total fisheries production by 2030, driving significant power requirements across coastal and rural farming facilities.

The adoption of solar energy in commercial aquaculture is rapidly expanding across Southeast Asia. In farming operations, electricity and fuel represent the second-largest controllable expense after feed. Recent regional studies in Brunei and Taiwan demonstrate that rooftop solar can lower aquaculture power costs by as much as 72%, while government-backed solar initiatives in Indonesia achieved up to 50% grid-electricity savings by powering continuous 24/7 pond aeration equipment.

Expanding Service Capabilities: Full-Suite EPCC & AI-Powered O&M

Under the contract, Founder Energy's scope covers supply and installation of the panels, inverters, mounting structures, cabling and related equipment, plus coordination with national utility Tenaga Nasional Berhad, TNB to connect the system to the grid.

Beyond the turnkey EPCC execution, Founder Group in general also provides long-term asset lifecycle management. The Company integrate the Company's proprietary AI-driven Operations & Maintenance (O&M) technologies. Featuring automated diagnostics, predictive maintenance algorithms, and drone-assisted visual and thermal inspections. Founder Group's O&M platform autonomously identifies anomalies and detects module defects without human intervention. This ensures uninterrupted system uptime, minimizes performance degradation, and guarantees energy output for high-stakes, 24/7 commercial operations.

CEO Commentary

"Aquaculture is a non-stop, high demand industry where energy cost efficiency directly safeguards production yield and business continuity," said Lee Seng Chi, chief executive officer of Founder Group Limited. "For farm operators, power is not an administrative cost, it is a core operational driver. By deploying solar energy, we are enabling operators to stabilize their energy costs, insulate their margins against tariff volatility, and achieve meaningful sustainable decarbonization. This milestone project establishes a proven model for how renewable energy can transform traditional food production sectors across Malaysia and the broader region."

In short, Founder Group's expansion into aquaculture sector provides a scalable operational blueprint for commercial aquaculture farms seeking to reduce reliance on grid electricity and diesel power while improving long-term business profitability.

About Founder Group Limited

Founder Group Limited is a pure-play, end-to-end EPCC solutions provider for solar PV facilities in Malaysia. The company's primary focus is on two key segments: large-scale solar projects and commercial and industrial (C&I) solar projects. The company's mission is to provide customers with innovative solar installation services, promote eco-friendly resources and achieve carbon neutrality.

For more information on the Company, please visit https://www.founderenergy.com.my/.

Safe Harbor Statement

This press release contains forward-looking statements that reflect our current expectations and views of future events. Known and unknown risks, uncertainties and other factors, including those listed under "Risk Factors" in the Company's filings with the U.S. Securities and Exchange Commission, may cause our actual results, performance or achievements to be materially different from those expressed or implied by the forward-looking statements. You can identify some of these forward-looking statements by words or phrases such as "may," "will," "expect," "anticipate," "aim," "estimate," "intend," "plan," "believe," "is/are likely to," "potential," "continue" or other similar expressions. We have based these forward-looking statements largely on our current expectations and projections about future events that we believe may affect our financial condition, results of operations, business strategy and financial needs. These forward-looking statements involve various risks and uncertainties. Except as required by law, we undertake no obligation to update or revise publicly any forward-looking statements, whether as a result of new information, future events or otherwise, after the date on which the statements are made or to reflect the occurrence of unanticipated events. We qualify all of our forward-looking statements by these cautionary statements.

CONTACT INFORMATION:

For media queries, please contact:

Founder Group Limited

info@founderenergy.com.my