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DG GFM ESS Solution to Light Up the Electricity Dream of Islanders in Indonesia

JAKARTA, Indonesia, March 17, 2026 /PRNewswire/ — The IWIP Charity Foundation is part of the Yongqing Group, which is owned by Tsingshan Industrial Holdings has donated 8MWh of GFM ESS solutions to two remote Indonesian islands to help build stable and reliable power systems.


PT Dogo Teknologi Energi (DoGo) is providing the GFM ESS solution. DoGo’s leading technology and extensive experience in grid-forming ESS enabled them to deliver a comprehensive solution, including an 8MWh storage system, a power conversion system (PCS), and communication and management systems. DoGo also spearheaded the design, grid simulation and consulting services, ensuring that the system can autonomously establish a stable power supply network and effectively address the challenges of island off-grid operations.

This donation initiative also serves as a positive demonstration. In August 2025, the Indonesian government set itself the ambitious goal of accelerating the nation’s transition to clean energy. The initiative involves constructing 100 GW of solar energy and 320 GWh of battery storage capacity in 80,000 villages and centralised solar power plants, thereby accelerating the transformation of the energy infrastructure. Grid-connected energy storage solutions offer a feasible and scalable development path for remote islands, mining areas, and ‘power islands’, improving overall electricity accessibility and providing practical solutions to help the country achieve its new energy development goals and offering practical references for the country’s new energy development goals.


The IWIP Charity Foundation stated that this donation is a significant step towards the company proactively fulfilling its social responsibilities and committing to global energy sustainability. By deploying GFM ESS solutions on remote islands, the company intends to support improvements to local livelihoods through concrete action, bridge the energy access gap between regions and ensure that more people benefit from clean energy development.

Cambodia Strengthens Ethical Lending with Nationwide Responsible Lending Certification

PHNOM PENH, Cambodia, March 17, 2026 /PRNewswire/ — Cambodia’s banking industry is stepping up efforts to ensure ethical and transparent lending practices through the large-scale rollout of Responsible Lending Certification (RLC), a programme designed to raise professional standards and protect consumers across the country’s financial sector.

Introduced in 2022 by the Institute of Banking and Finance (IBF), RLC has already enrolled more than 52,324 credit-related professionals, with overall certification success rates of 89.39% (89.51% in banks and 89.31% in microfinance institutions). The initiative is backed by The Association of Banks in Cambodia (ABC) and Cambodia Microfinance Association (CMA) and their respective members, who have integrated the programme into their staff training and development. The Certification has become a prerequisite for credit-related officers, aligning the sector with international standards on ethics, compliance, and consumer protection.

“Responsible Lending Certification reflects our collective pledge to uphold the highest standards of professionalism and ethics in Cambodia’s banking sector,” said Mr. Rath Sophoan, Chairman of ABC. “It represents a strategic investment in consumer protection, trust-building, and strengthening the integrity of our financial professionals.” He further noted that the Associations have introduced many initiatives working on both the demand and supply sides to address customer protection within the whole banking and financial industry.

Developed in collaboration with the Cambodia Microfinance Association, regulators, and industry experts, this RLC curriculum covers:

  • Legal and regulatory compliance
  • Consumer protection and complaint handling
  • Ethical decision-making and ESG principles
  • Customer counselling and responsible loan recovery
  • Prevention of over-indebtedness

Mrs Dith Nita, CMA Chairwoman, explained that “the financial sector has put priority to promote responsible market conducts by encouraging and monitoring the implementation of relevant regulations and guidelines, such as Responsible Lending Certification, Lending Guidelines, standard loan contract, BFIs Code of Conduct, to name a few. These are crucial to foster public trust, and a sound and thriving financial sector that support both social and economic development.”

The next phase of the programme (2025–2027) will expand to include financial literacy, BFI’s codes of conduct, and new case studies addressing emerging risks such as scams. ABC and CMA are also working with the National Bank of Cambodia to mandate re-certification every three years, and ensure that new hires are certified within one-year from the joining date. New hires will have a maximum of 3 attempts to get themselves certified. Staff who are not certified in responsible lending cannot hold the position that involves credit-related activities/operations.

The initiative came amidst heightened scrutiny of lending practices following rapid credit growth to mitigate potential over-indebtedness and strengthen consumer protection. By institutionalising responsible lending standards, Cambodia’s banking and financial sector is positioning itself as a regional leader in ethical finance.

About ABC
The Association of Banks in Cambodia was formed in 1994 and is recognized by the Royal Government as the official organization to represent the country’s private banking sector. Our purpose is to promote constructive dialogue amongst member banks, and to serve as an industry voice to the public and the Government.

About CMA
The Cambodia Microfinance Association is a professional non-profit organization that ensure every Cambodian received formal financial services in a timely fashion through a sustainable financial service. CMA can achieve this by facilitating microfinance operators in their operations and to strengthen communication with authorities, national and International donors, creditors and investors.

Luxury Group by Marriott International Unveils “Art of Arrival”, Bringing Artistic Perspective to Iconic Hotel Spaces in Greater China

A new residency program invites guests to experience a dialogue between creative vision and immersive hospitality

SHANGHAI, March 17, 2026 /PRNewswire/ — In celebration of this year’s Hong Kong Art Month, Luxury Group by Marriott International unveils “Art of Arrival”, a new artist residency program that invites emerging Chinese artist Chen Zuo to present a journey across place and perspective. Through an immersive residency, a commissioned piece, and an international exhibition circuit, “Art of Arrival” transforms arrival into a creative journey – inviting guests and audiences to experience the intersection of place, imagination, and design.

“Art of Arrival” Artist Residency Program
“Art of Arrival” Artist Residency Program

“Art of Arrival” Artist Residency Program
“Art of Arrival” Artist Residency Program

“Art of Arrival” Artist Residency Program
“Art of Arrival” Artist Residency Program

“Luxury today is defined by moments of arrival and cultural relevance that leave lasting personal meaning,” said Bart Buiring, Managing Director, Luxury, Greater China, Marriott International. “With ‘Art of Arrival,’ we reaffirm our commitment to offering more than refined stays. We create immersive cultural encounters, where each arrival is more than reaching a destination. It becomes a moment where art and life intersect, inspiring a narrative unique to that place.”

From Suzhou to the World: An Artistic Journey Across Spaces
The inaugural chapter of “Art of Arrival” unfolded in Suzhou. During his residency at The Ritz-Carlton, Suzhou, Chen Zuo drew inspiration from the city’s classical gardens, waterways, urban architectures, and the sculptural presence of Taihu scholar’s stones. These interwoven strands of nature and built environment, which define the destination, grounded his new commissions created during the residency.

For Chen Zuo, the residency represented a fundamental recalibration of creative rhythm. “It granted me the rare gift of unhurried focus – time to observe, reflect, and evolve my practice within a complex cultural framework,” said Chen Zuo. “When the residency is integrated into the creative process itself, the work develops with heightened clarity and purpose.”

The resulting artwork will premiere in late March during Hong Kong Art Month, with a private presentation at The St. Regis Hong Kong. This event will bring together collectors, gallerists, and cultural key opinion leaders to witness the next chapter of Chen Zuo’s artistic journey. The artwork will then travel to Art Basel in Switzerland, where it will be exhibited in collaboration with Galerie Urs Meile, taking its Chinese narrative to a broader international platform. The program culminates in a Greater China tour across select Luxury Group properties, featuring private salons, collector gatherings, and artist talks that foster the dialogue between contemporary art and hospitality, enriching the narrative’s dimensions across multiple destinations.

Cinematic Storytelling: Capturing the Movement of Inspiration
To fully document the creative journey of this residency, Luxury Group has partnered with Tatler China to produce a short documentary tracing Chen Zuo’s path, beginning in his Beijing studio to Suzhou’s gardens and canals, and ultimately to Hong Kong’s international unveiling. Structured around moments of observation and immersion, the film captures the quiet momentum of creation, embodying ‘Art of Arrival’s’ core tenet: authentic creativity born from careful attention rather than spectacle. The film will premiere in late March across official brand platforms, including Marriott Bonvoy’s WeChat channel.

L-R: Limited-edition art sparkling tea at The St. Regis Hong Kong; The Infinite Child sculpture on the Infinity Guestroom Floor at JW Marriott Hotel Hong Kong; The Being in Non-Being bamboo art installation presented at The Ritz-Carlton, Hong Kong
L-R: Limited-edition art sparkling tea at The St. Regis Hong Kong; The Infinite Child sculpture on the Infinity Guestroom Floor at JW Marriott Hotel Hong Kong; The Being in Non-Being bamboo art installation presented at The Ritz-Carlton, Hong Kong

Luxury Travel Reimagined Through Artistic Encounters
At the heart of Wan Chai, The St. Regis Hong Kong collaborates with Hong Kong’s premium sparkling tea brand Mindful Sparks and local artist Elsa Ngai to create a unique, limited-edition sparkling tea experience for guests. Inspired the signature fragrance “Caroline’s Four Hundred,” the tea’s tasting notes are reflected in a bespoke bottle adorned with Elsa Ngai’s artwork – capturing both the vibrancy of Hong Kong’s cityscape and the hotel’s timeless elegance. This collaboration offers guests a memorable blend of art, flavor, and local creativity.

During the Hong Kong Art Month, Luxury Group properties advance this cultural conversation through curated artistic programming. JW Marriott Hotel Hong Kong collaborates with internationally recognized sculptor Richard X. Zawitz to reimagine the 34th floor into the “Infinity Guestroom Floor,” shaped by his signature aesthetic of “Curvism”. Beginning March 18, the hotel presents a two-week solo exhibition that seamlessly integrates sculpture into the guest experience. The Ritz-Carlton, Hong Kong features “Dialogue of Stillness and Resilience,” a site-specific art installation by Angus Ting, founder of esteemed local bamboo craft brand “Yiwooo”. Displayed in the 103rd floor lobby from March 17 to April 8, the work responds to the rhythm of daily life and ambient light, offering guests a moment of contemplation above the city’s hustle.

Through “Art of Arrival”, Luxury Group by Marriott International introduces a new approach to cultural engagement, moving beyond static exhibitions toward ongoing artistic collaboration. Art becomes not simply something to observe during travel, but something to experience, engage with, and discover along the journey. Each arrival becomes an opportunity for inspiration. As the program evolves, Luxury Group by Marriott International remains committed to exploring the intersections of art, culture, and lifestyle, crafting experiences that deepen the connection between destinations, creativity, and the modern traveler.

About Luxury Group by Marriott International  
With an unrivaled portfolio of eight dynamic luxury brands, Marriott International is creating authentic, rare, and enriching experiences sought by today’s global luxurian. Spanning all corners of the world, Marriott International’s Luxury Group offers a boundless network of more than 555 landmark hotels and resorts in 74 countries and territories through The Ritz-Carlton, Ritz-Carlton Reserve, Bvlgari Hotels & Resorts, St. Regis Hotels & Resorts, EDITION, The Luxury Collection, JW Marriott, and W Hotels. From the world’s most iconic destinations to the ultimate undiscovered gems, the international hospitality leader’s collection of luxury brands is focused on elevating travel with highly contextualized, nuanced brand experiences that signal the future of luxury by allowing guests to indulge their passions while sparking personal growth. For more information, please visit Luxury.Marriott.com.  

About Marriott Bonvoy®
Marriott Bonvoy’s extraordinary portfolio offers renowned hospitality in the most memorable destinations in the world, with more than 30 brands that are tailored to every type of journey. From The Ritz-Carlton and St. Regis to W Hotels and more, Marriott Bonvoy has more luxury offerings than any other travel program. Members can earn points for stays at hotels and resorts, including all-inclusive resorts and premium home rentals, and through everyday purchases with co-branded credit cards. Members can redeem their points for experiences including future stays, Marriott Bonvoy Moments™, or through partners for luxurious products from Marriott Bonvoy Boutiques®. To enroll for free or for more information about Marriott Bonvoy, visit marriottbonvoy.com. 

About Galerie Urs Meile
Founded in 1992 in Lucerne, Galerie Urs Meile represents artists from both China and Europe across different generations and media – including painting, sculpture, installation, photography, and video. Active in China since 1995, the gallery has played an important role in fostering dialogue between Eastern and Western contemporary art. Today, it operates spaces in Beijing, Zurich and Ardez, staging 14 to 16 exhibitions annually.

Galerie Urs Meile is dedicated to nurturing contemporary art in both China and Europe, fostering a productive dialogue between the two. It is committed to long-term relationships with artists and collectors, emphasizing sustained engagement and collaboration. By fostering connections that transcend generational and cultural boundaries, the gallery supports the growth of vibrant art communities, bringing diverse perspectives into the international spotlight. Serving as a counterbalance to art production driven solely by ideology or market forces, Galerie Urs Meile contributes actively to a cultural landscape enriched by diverse narratives and artistic expressions, contributing to a cultural prosperity.

With a new generation of collectors emerging in China and Europe, Galerie Urs Meile continues to play a vital role in bridging the gap between leading figures and young enthusiasts in contemporary art.

About Chen Zuo
Born in 1990 in Xiangxi, Hunan, Chen Zuo lives and works in Beijing. A graduate of the China Central Academy of Fine Arts and its affiliated fine arts school, where he completed both his undergraduate and master’s degrees in oil painting.

As a leading young artist in China’s contemporary art, Chen Zuo presented his first solo exhibition, Building Houses in the Forest at Galerie Urs Meile, Beijing, in 2023, systematically showcasing his artistic trajectory. His works have featured in major group exhibitions including the National Art Museum of China’s Unity and Diversity: New Forms in Contemporary Painting.

Chen Zuo’s paintings not only embody precise techniques and strict painting disciplines, but they are also full of emotions, containing richness and contingency, and are closely related to the daily experiences and memories of real life. As he notes, “I do not construct landscapes out of abstraction alone; I still require a sense of lived reality.”

Media Contact 
Patrick Faden
Director, Luxury Brand PR & Communications, Greater China 
Marriott International
Patrick.E.Faden@marriott.com   

BioCina Initiates Comprehensive Manufacturing Program for Patrys’ Proprietary Injectable Therapeutic to Alleviate Delirium

PERTH, Australia, March 17, 2026 /PRNewswire/ — BioCina Pty Ltd., a global end-to-end Contract Development and Manufacturing Organisation (CDMO) announced it has initiated a comprehensive CMC (Chemistry, Manufacturing, and Controls) program for the advancement of RLS-2201, a proprietary injectable formulation of Quetiapine being developed by Patrys Ltd (ASX: PAB) for the acute treatment of delirium in intensive care settings.

Sterile injectable manufacturing using a closed isolator system, BioCina Perth
Sterile injectable manufacturing using a closed isolator system, BioCina Perth

A reformulated RLS-2201 is being produced at BioCina’s sterile manufacturing facility in Perth, under conditions designed to confirm the reproducibility and robustness of the manufacturing process. The reformulated RLS-2201 will support ICH-aligned stability studies required for regulatory submission and provide early supply for Patrys’ planned first-in-human clinical activities.

“We are proud to be advancing RLS-2201 alongside a world-class CDMO partner whose deep manufacturing expertise and technical capabilities are proving instrumental in de-risking this program. Their collaborative approach to regulatory engagement gives us strong confidence as we move toward clinical trials. Together, we believe RLS-2201 has the potential to address a critical unmet need in the treatment of delirium in acute hospital settings,” said Dr. Samantha South, CEO, Patrys.

The initiation of CMC activities represents a significant de-risking step for the RLS-2201 program. By validating the manufacturing process for clinical readiness at this stage, Patrys and BioCina are establishing a technically sound and regulatorily defensible pathway toward clinical trial entry, targeted for the second half of 2026. This engagement further strengthens BioCina’s partnership with Patrys, reflecting BioCina’s commitment to supporting clients at every stage of their product development journey.

“We are thrilled to support Patrys’ journey for RLS-2201. BioCina’s 50 years of experience in the development and manufacturing of sterile injectables is more than just a capability. We ensure partners like Patrys can progress to clinic with confidence, and keep the focus where it belongs – improving patient outcomes,” said Dr. Tommy Broudy, CEO, BioCina.

About BioCina
BioCina is a global end-to-end Contract Development and Manufacturing Organisation (CDMO) with over 50 years of sterile Drug Product manufacturing experience, serving clients across the U.S., Europe, and Asia Pacific. With facilities recognised by the US FDA, EMA, TGA, and other key regulatory authorities, BioCina delivers Drug Substance and Drug Product solutions from early development through to commercial scale.

BioCina’s capabilities span sterile injectable manufacturing of small and large molecule products in multiple formats, as well as microbial biologics, pDNA, mRNA and LNP-based modalities. Partnering with BioCina in Australia provides clients with access to one of the world’s most attractive R&D tax incentive programs, offering a meaningful cost advantage throughout development and manufacture.

For more information, visit www.biocina.com

About Patrys
Based in Perth, Australia, Patrys, (ASX: PAB), is a clinical-stage biotechnology company advancing a dual-platform strategy combining innovative antibody therapeutics with a near-term CNS pharmaceutical program. Patrys’ deoxymab platform comprises novel cell-penetrating antibodies targeting intracellular disease mechanisms with a focus on immune-mediated inflammatory and other high-unmet-need indications.

Patrys’ CNS program, RLS-2201, is a proprietary injectable reformulation of quetiapine for the treatment of delirium in intensive, aged and palliative care setting, advancing via the FDA 505(b)(2) regulatory pathway. Together, these platforms position Patrys as a catalyst-rich, balanced development company, combining a de-risked reformulation asset with longer-term biologics innovation.

For more information, visit www.patrys.com

Media Contact
media@biocina.com

Photo – https://laotiantimes.com/wp-content/uploads/2026/03/patrys_release_image_250225_8335.jpg
Logo – https://laotiantimes.com/wp-content/uploads/2026/03/biocina_new_logo.jpg

TIER IV and Isuzu advance autonomous transit with deployment of Level 4 buses powered by NVIDIA DRIVE Hyperion

TOKYO, March 17, 2026 /PRNewswire/ — TIER IV, Inc. (headquartered in Shinagawa, Tokyo, Japan; Founder and CEO: Shinpei Kato; hereinafter TIER IV) and Isuzu Motors Limited (headquartered in Yokohama, Kanagawa, Japan; President and COO: Shinsuke Minami; hereinafter Isuzu) have announced the deployment of Level 4 autonomous buses, leveraging NVIDIA DRIVE Hyperion*1 computing platform, in Isuzu ERGA electric and diesel models. These next-generation autonomous transit vehicles will feature NVIDIA DRIVE AGX Thor system-on-chip*2 on the NVIDIA DRIVE Hyperion platform for essential safety and performance redundancy.

Timed to coincide with NVIDIA GTC 2026, the premier global AI conference held March 16-19 in San Jose, California, this announcement marks a major step toward TIER IV’s and Isuzu’s ambition to safely and scalably deploy autonomous transit. This effort combines TIER IV’s Level 4 software stack based on Autoware*3, open-source software for autonomous driving, Isuzu’s advanced bus platforms, and NVIDIA’s AI compute, to create Level 4 autonomous buses optimized for high-capacity public transit.

“This collaboration marks a definitive milestone for autonomous transit,” said Shinpei Kato, founder and CEO of TIER IV. “By fusing Isuzu’s legendary engineering with NVIDIA’s Thor AI compute, we have built an unmatched foundation for Level 4 transit driven by Autoware. Unveiling this Level 4 autonomous bus deployment at NVIDIA GTC 2026 proves that when you combine world-class hardware with the power of the Autoware ecosystem, safe and scalable public transit is no longer a goal – it is a reality.”

“Our partnership with TIER IV and NVIDIA represents a significant leap in commercial vehicle intelligence,” said Hiroshi Sato, Senior Executive Officer and Vice President, Engineering Division of Isuzu. “Deploying Level 4 autonomous driving on both our ERGA EV and diesel models ensures that we provide versatile, sustainable, and highly efficient solutions for any fleet. We are bringing Isuzu’s world-renowned reliability to the autonomous age, ensuring safe and high-performance transit at scale.”

“The transition to highly automated commercial transport demands fail-operational, high-performance computing without compromise,” said NVIDIA Vice President of Automotive Rishi Dhall. “TIER IV and Isuzu are frontrunners in the public transit vertical, utilizing NVIDIA DRIVE AGX Thor on the DRIVE Hyperion platform in the Isuzu ERGA to power TIER IV’s Autoware-based Level 4 software stack. Their scalable solution addresses critical real-world needs, such as Japan’s national driver shortage, while delivering the operational rigor necessary for essential public services.”

*1 A complete, production-ready autonomous driving development platform and reference architecture that combines a standardized sensor suite, high-performance AI computing, and a robust software stack to accelerate the development and deployment of autonomous vehicles.
*2 An automotive-grade system-on-chip that delivers up to 2,000 TFLOPS of performance, with ASIL-D compliance and redundancy for superior safety.
*3 Autoware is a registered trademark of the Autoware Foundation.

CONTACT: pr@tier4.jp

Viva Biotech Accelerates AI-Driven Drug Discovery and Advance the ‘Lab-in-the-Loop’ with NVIDIA

SHANGHAI, March 17, 2026 /PRNewswire/ — Monday, March 16th at 1:30 PM PT, Viva Biotech (01873.HK) optimizes the Proteina-Complexa model in advancing the design of mini-binders targeting ActRIIA, a receptor critical in muscle wasting and lean mass imbalance, aiming to accelerate the discovery of novel therapeutics with AI-driven designs with NVIDIA technology.

The collaboration highlights Viva Biotech’s “Lab-in-the-Loop” workflow, combining de novo computational design with high throughput protein production and biophysical evaluation to design ActRIIA binders. This integrated approach demonstrates how in silico predictions with real-world experimental validations can expedite drug discovery, showcasing the effectiveness of NVIDIA BioNeMo and Viva Biotech’s AI-driven integrated drug discovery platform in optimizing drug candidates.

As part of this effort, Viva Biotech leverages its AI technique for sequence selection and provide valuable feedback to improve the original Proteina-Complexa model. This iteration led to more efficient and targeted mini-binder designs. Guided by AI-driven insights, we successfully explored previously uncharted chemical space and significantly enhanced design specificity, achieving these advances at a fraction of the cost and time compared with conventional drug candidate nomination processes. For further details, please refer to the project paper: https://research.nvidia.com/labs/genair/proteina-complexa/.

As a leading contract research organization (CRO) that specializes in AI-driven drug discovery (AIDD) and structure-based drug discovery (SBDD), Viva Biotech combines computational modeling, generative AI, and extensive wet lab capabilities to accelerate the discovery of small molecules, antibodies, peptides, fusion proteins, PROTACs, molecular glues, and RNA-targeting compounds. Looking ahead, Viva Biotech will further strengthen its AI algorithm development and leverage its AI platform in drug discovery and development. The company will continue to enhance its process to deliver high-quality, impactful solutions for its partners as a leading force in the AI-driven drug discovery era.

MTEL extends partnership with Compax leveraging MVNE platform to drive multi-country growth

VIENNA, March 17, 2026 /PRNewswire/ — MTEL, a multi-country Mobile Virtual Network Operator (MVNO) active in Austria, Germany and Switzerland and part of the Telekom Srbija Group, together with Compax, a leading provider of BSS/OSS and MVNE platform solutions, announce the extension of their successful long-term partnership for another five years. The partnership extension is realized via I-Solution, the MVNE partner of MTEL, who continues to collaborate closely with Compax on the delivery and evolution of the MVNE platform and associated services. Built on the multi-tenancy, multi-MVNO and multi-country capabilities provided by the Compax MVNE platform, the solution leverages a dedicated mobile core deployment integrated with multiple host network operators across the respective countries. The solution portfolio consists of a fully branded, customized web and e-commerce portal, mobile self-care applications, advanced real-time charging and rating capabilities, flexible product and offer management for complex prepaid and postpaid scenarios, standardized open APIs enabling integration with external partner systems such as CRM platforms, as well as a point-of-sale solution for MTEL retail shops across the three countries.

MTEL customers benefit from tailor-made mobile services enabled by policy-driven voice routing across VoLTE (IMS) and circuit-switched domains, secure and managed SMS services incorporating SMS firewall and anti-fraud mechanisms and optimized international connections between the DACH region and multiple countries in South-Eastern Europe. The solution also supports customer-specific service and business process flows, allowing flexible adaptation of commercial offers, service behavior, and lifecycle management to meet diverse consumer and enterprise requirements. Additionally, digital TV content from the region is also accessible.

“Our partnership with Compax and I-Solution is a cornerstone of our international strategy. By extending this collaboration for another five years, we are doubling down on our commitment to innovation and growth across the DACH region. This highly flexible MVNO/MVNE platform empowers us to bridge the gap between Central and South-Eastern Europe, offering our customers a seamless digital lifestyle and connectivity that truly knows no borders.”, said Stefan Božić, CEO of MTEL.

“We are very proud to continue our successful partnership with MTEL. The team at MTEL gets what their clients need and is determined to serve their growing customer base across Europe with excellent service. At Compax, we share this spirit and have found it inspiring to work with the MTEL team.”, said Werner Kohl, CEO of Compax.

About MTEL

MTEL operates as an MVNO/FVNO and OTT provider in Austria, Switzerland and Germany. For more information, visit www.mtel.at

About Compax

Compax is a leading BSS/OSS software provider for the telecommunications industry. Its business software suite covers the full spectrum required to cover areas such as DSL, FTTH, MVNO and related industries. Learn more at www.compax.com

Contact  (Compax)

Stephan Berger, +4369916805180, stephan.berger@compax.com

Gorilla Technology & Yotta Sign Landmark AI Infrastructure Deal, Establishing Major Position in India’s Sovereign AI Buildout

– Agreement includes an AI infrastructure deployment in India of approx. 640 high-performance servers with more than 5,000 GPUs for AI workloads

– This deployment is expected to contribute more than $500 million in revenue over the next five years

London, United Kingdom – Newsfile Corp. – March 16, 2026 – Gorilla Technology Group Inc. (NASDAQ: GRRR) (“Gorilla” or the “Company”), a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres, today announced that it has signed binding agreements with Yotta Data Services Private Limited (“Yotta”) to deploy GPU infrastructure in India of approximately 640 high-performance NVIDIA HGX B200 servers with more than 5,000 GPUs for AI workloads.


Executives from Gorilla Technology and Yotta Data Services during partnership meetings in Navi Mumbai, India. Pictured (left to right): Jackie Wang, General Manager, Asia, Gorilla Technology; Thomas Sennhauser, CTO for Infrastructure, Gorilla Technology; Jay Chandan, Chairman & CEO, Gorilla Technology; Sunil Gupta, Co-Founder & CEO, Yotta Data Services; and Saurabh Bharat, CFO, Yotta Data Services. Source: Gorilla Technology.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/288663_09e11825a4c2383e_001full.jpg

Based on the executed agreements and current commercial assumptions, Gorilla expects this deployment to contribute more than $500 million in revenue for the Company over the next five years.

The agreements establish Gorilla as a key infrastructure partner to Yotta1, supporting high-performance AI compute deployments across India. Gorilla will provide GPU infrastructure, under a long-duration commercial model, while Yotta will implement and operate the GPUs in accordance with NVIDIA Reference Architecture (RA) at its Uptime Tier IV NM1 Data Centre in Navi Mumbai and deliver AI compute services including hyperscale GPU clusters, bare-metal GPUs, virtual machines, AI lab workstations, serverless GPUs and AI model end-points to enterprises and government customers.

Yotta is one of India’s most visible digital infrastructure platforms and is well positioned as a leading provider of hyperscale data centres, sovereign cloud and AI compute. Yotta operates two significant hyperscale campuses: a Greater Noida facility currently scalable to 250 MW and a Navi Mumbai campus with a roadmap scaling up to 2 GW. Beyond pure capacity, Yotta also provides a vertically integrated platform that spans the entire technology stack from specialized data centre engineering and green energy sourcing to managed services, cloud, and high-performance GPU compute.

Yotta has also been empanelled under the IndiaAI Mission and NVIDIA has described it as India’s first Reference Platform NVIDIA Cloud Partner2 and among only six globally in that category. Yotta has established a long-term platform capable of scaling beyond one million GPUs within the next three to five years as India’s AI ecosystem accelerates.

With India scaling AI at national speed, the market is expected to reach US$17 billion by 20273, with 25% to 35% annual growth, backed by more than US$1.1 billion of IndiaAI Mission funding, the deployment of 38,000 GPUs and a government view that AI could contribute US$1.7 trillion to India’s economy by 20354. For Gorilla, this is an opportunity be part of India’s sovereign AI buildout through Yotta, which has publicly committed 9,216 advanced GPUs to that national effort.

Jay Chandan, Chairman & CEO of Gorilla Technology, said
: “This is a defining step for Gorilla. India is one of the world’s most important AI growth markets, where sovereign ambition, hyperscale compute demand and real infrastructure deployment are accelerating together. By signing up with Yotta, we are placing Gorilla directly into India’s AI infrastructure buildout with a partner that brings scale, credibility and execution. This deployment alone is expected to contribute more than $500 million over five years, and we are working with Yotta to identify additional projects where we can collaborate.”


Gorilla Technology leadership team visiting Yotta’s data centre campus in Navi Mumbai, India as part of discussions supporting large-scale GPU infrastructure deployment for AI workloads. Source: Gorilla Technology.

To view an enhanced version of this graphic, please visit:
https://images.newsfilecorp.com/files/10783/288663_09e11825a4c2383e_003full.jpg

Sunil Gupta, Co-Founder & CEO of Yotta, said: “India’s AI ambition will be built on access to serious compute, serious infrastructure and partners that can execute at scale. Yotta has built its Shakti Cloud platform to serve that need through sovereign AI infrastructure designed for India’s next wave of enterprise, public sector and national AI demand, as well as serving global GPU compute demand from India. We believe Gorilla brings strong complementary capability in GPU infrastructure and commercial execution, and we see this collaboration as an important step in scaling AI capacity in India. In Gorilla, we see a long-term infrastructure partner, who shall help us realise the vision of enabling large scale GPU deployment in India over next three years to meet the AI needs of India, APAC, Middle East as well as Global South.”

Thomas Sennhauser, Chief Technology Officer for Infrastructure of Gorilla Technology, added:
“This is a major milestone that validates both our infrastructure model and our ability to execute at scale with serious counterparties. We are now embedding Gorilla into a live, sovereign AI infrastructure buildout with a partner that has real operating depth, real technical capability and real market reach. From an infrastructure standpoint, this gives us a meaningful platform to deploy, manage and expand high-performance AI capacity in one of the most important growth markets in the world.”

Gorilla and Yotta are also exploring a broader deployment pathway that could extend well beyond this project, including the potential deployment of more than 5,000 additional servers, over the next year or so. This collaboration is intended to support growing AI infrastructure demand in India and may also create opportunities for wider strategic cooperation, including potential data centre development initiatives in Thailand.

About Gorilla Technology Group Inc.
Headquartered in London U.K., Gorilla is a global solution provider in Security Intelligence, Network Intelligence, Business Intelligence, IoT technology and data centres. We provide a wide range of solutions, including Smart City, Network, Video, Security Convergence and IoT, across select verticals of Government & Public Services, Manufacturing, Telecom, Retail, Transportation & Logistics, Healthcare and Education, by using AI and Deep Learning Technologies.

Our expertise lies in revolutionizing urban operations, bolstering security and enhancing resilience. We deliver pioneering products that harness the power of AI in intelligent video surveillance, facial recognition, license plate recognition, edge computing, post-event analytics and advanced cybersecurity technologies. By integrating these AI-driven technologies, we empower Smart Cities to enhance efficiency, safety and cybersecurity measures, ultimately improving the quality of life for residents.

For more information, please visit our website: Gorilla-Technology.com

About Yotta Data Services
Yotta Data Services is a sovereign cloud infrastructure and platform services provider, offering cloud, AI cloud, data center hosting, connectivity, media tech and cybersecurity services; managed applications; and a wide range of managed IT services. Yotta operates its cloud regions at its hyperscale data center parks in Panvel (Navi Mumbai) and Greater Noida (Delhi NCR). Yotta’s homegrown, open-source-based, feature-rich Sovereign hyperscale cloud, Yntraa, is MeitY empanelled (VCC and GCC) and is also deployed in large government-owned CSPs on a white labelled / PPP model. In addition, Yotta has launched Shakti Cloud, a cutting-edge platform that leverages advanced AI capabilities, providing enterprises with a comprehensive suite of AI services, including AI labs, AI workspaces, Shakti Studio – AI Inference platform and access to NVIDIA’s NIM services, alongside Kubernetes clusters with GPU resources. Yotta is the only NVIDIA Cloud Partner (NCP) across the APAC region to be part of the NVIDIA Exemplar cloud initiative and is one of only six Reference Architecture Platform NCPs across the world.

Yotta has won numerous accolades and certifications, including RBI’s cybersecurity framework and localization framework, ISO 27017 for the protection of personal information in public cloud, ISO 27701 for Privacy Information Management (PIMS), PCI-DSS, SOC2-Type 2, and SOC3.

For more information, visit www.yotta.com.

Forward-Looking Statements
This press release contains “forward-looking statements” within the meaning of the “safe harbor” provisions of the Private Securities Litigation Reform Act of 1995. Gorilla’s actual results may differ from its expectations, estimates and projections and consequently, you should not rely on these forward-looking statements as predictions of future events. Words such as “expect,” “estimate,” “project,” “budget,” “forecast,” “anticipate,” “intend,” “plan,” “may,” “will,” “could,” “should,” “believes,” “predicts,” “potential,” “might” and “continues,” and similar expressions are intended to identify such forward-looking statements. These forward-looking statements include, without limitation, statements regarding our agreements with Yotta, including the expected timing and amount of revenues that may be generated thereunder, the timing of deployment of the servers, and the potential for additional collaboration between Yotta and Gorilla, along with those other risks described under the heading “Risk Factors” in the Form 20-F Gorilla filed with the Securities and Exchange Commission (the “SEC”) on April 30, 2025 and those that are included in any of Gorilla’s future filings with the SEC. These forward-looking statements involve significant risks and uncertainties that could cause actual results to differ materially from expected results. Most of these factors are outside of the control of Gorilla and are difficult to predict. Should one or more of these risks or uncertainties materialize, or should underlying assumptions prove incorrect, actual results may vary materially from those indicated or anticipated by such forward-looking statements. Readers are cautioned not to place undue reliance upon any forward-looking statements, which speak only as of the date made. Gorilla undertakes no obligation to update forward-looking statements to reflect events or circumstances after the date they were made except as required by law or applicable regulation.

Public Relations Contact Investor Relations Contact
Samantha Dowd
Prosek Partners for Gorilla Technology
GRRR@prosek.com
Dave Gentry
RedChip Companies, Inc. for Gorilla Technology
1-407-644-4256
GRRR@redchip.com

Public Relations Contact – Yotta Data Services
Nikhil Pradhan
Yotta Data Services
+91 97421 17306
npradhan@yotta.com

1 Source: https://yotta.com/press-releases/yotta-to-deploy-20000-nvidia-blackwell-ultra-gpus/
2 Source: https://www.nvidia.com/en-us/case-studies/yotta-built-india-sovereign-ai-infrastructure-shakti-cloud/
3 Source: https://indiaai.gov.in/news/nasscom-bcg-report-says-india-s-ai-market-is-expected-to-touch-17-billion-usd-by-2027
4 Source: https://www.ibef.org/news/ai-could-add-us-1-7-trillion-to-india-s-economy-by-2035-as-the-government-scales-up-its-push

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