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FriendliAI and Hugging Face Announce Strategic Partnership

  • Developers will be able to utilize FriendliAI’s accelerated generative AI infrastructure service to deploy and serve models in the Hugging Face Hub

REDWOOD CITY, Calif., Jan. 22, 2025 /PRNewswire/ — FriendliAI, a leader in accelerated generative AI inference serving, and Hugging Face today announced a strategic partnership that allows developers to utilize FriendliAI’s inference infrastructure service to deploy and serve models directly in the Hugging Face Hub.

FriendliAI Endpoints, the fastest GPU-based generative AI inference provider according to Artificial Analysis, is now available as a deployment option on the Hugging Face platform. Directly from any model page on Hugging Face, developers can now easily deploy models using FriendliAI’s accelerated, low-cost inference endpoints. This partnership leverages the convenience of Hugging Face’s platform alongside FriendliAI’s high-performance infrastructure, enabling developers to streamline their AI development workflow and focus on innovation.

Setting up and deploying generative AI models at production scale presents challenges such as complex infrastructure management and high operational costs. Friendli Dedicated Endpoints handles the hassle of infrastructure management, enabling developers to deploy and serve generative AI models efficiently on autopilot. Powered by FriendliAI’s GPU-optimized inference engine, Friendli Dedicated Endpoints delivers fast and cost-effective inference serving as a managed service with dedicated GPU resources and automatic resource management.

The addition of FriendliAI as a key inference provider advances Hugging Face’s mission to democratize AI, while furthering FriendliAI’s mission to empower everyone to harness the full potential of generative AI models with ease and cost-efficiency. With this partnership, FriendliAI becomes a strategic inference provider for Hugging Face.

“FriendliAI and Hugging Face share a vision for making generative AI, and further agentic AI, more accessible and impactful for developers,” said Byung-Gon Chun, CEO of FriendliAI. “This partnership gives developers on Hugging Face easy access to FriendliAI Endpoints, a fast, low-cost inference solution without the burden of infrastructure management. We’re excited to see what the amazing developer community at Hugging Face will build with our inference solution, and we look forward to any future opportunities to partner with Hugging Face to provide developers with even more powerful tools and resources.”

“FriendliAI has been at the forefront of AI inference acceleration progress,” said Julien Chaumond, CTO of Hugging Face. “With this new partnership, we will make it easy for Hugging Face users and FriendliAI customers to leverage leading optimized AI infrastructure and tools from FriendliAI to run the latest open-source or their custom AI models at scale.”

About FriendliAI

FriendliAI is the leading provider of accelerated generative AI inference serving. FriendliAI provides fast, cost-efficient inference serving and fine-tuning to accelerate agentic AI and custom generative AI solutions. Enjoy the GPU-optimized, blazingly fast Friendli Inference through FriendliAI’s Dedicated Endpoints, Serverless Endpoints, and Container solutions. Learn more at https://friendli.ai/.

About Hugging Face

Hugging Face is the leading open platform for AI builders. The Hugging Face Hub works as a central place where anyone can share, explore, discover, and experiment with open-source ML. Hugging Face empowers the next generation of machine learning engineers, scientists, and end users to learn, collaborate and share their work to build an open and ethical AI future together. With the fast-growing community, some of the most used open-source ML libraries and tools, and a talented science team exploring the edge of tech, Hugging Face is at the heart of the AI revolution.

Contacts:
Elizabeth Yoon, FriendliAI, press@friendli.ai

How does China ensure the Yellow River benefits the people?

BEIJING, Jan. 22, 2025 /PRNewswire/ —  A news report from People’s Daily Media Innovation: 

China’s top leaders on Monday reiterated the importance of ecological protection and high-quality development in the Yellow River Basin at this year’s first meeting of the Political Bureau of the Communist Party of China Central Committee.

It was noted at the meeting that special attention will be paid to balance the relationship between water, population, food and energy, and promote a comprehensive green transformation of the development model.

The Yellow River, known as China’s “mother river” and the cradle of Chinese civilization, supplies water to 12 percent of China’s population and irrigates 17 percent of the country’s arable land. However, the Yellow River used to suffer from frequent dike breaks and course changes throughout its history.

Since the founding of the People’s Republic of China, unremitting efforts have been made not only to harness the Yellow River, but also to promote ecological conservation and high-quality development in the Yellow River basin.

How does China manage to make such a river benefit its people? Here are some answers.

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1. Establishing a Sustainable Flood Control System for the Yellow River

The nation has successfully mitigated 12 major floods in the lower reaches of the Yellow River, each exceeding 10,000 cubic meters per second. This achievement is attributed to a combination of engineering systems, non-engineering flood prevention measures, and the collaborative efforts of people along the river. Consequently, the historical pattern of frequent breaches and course alterations in the lower reaches has been fundamentally transformed.

2. Comprehensive Flood Control Engineering: Upstream Retention and Downstream Drainage

A flood control engineering system has been developed, characterized by “upstream retention, downstream drainage, and lateral diversion on both banks.” This system incorporates water conservancy multipurpose projects, such as Sanmenxia and Xiaolangdi, standardized downstream levees, and flood retention areas at Dongping Lake and Beijin Dike.

3. Reinforcing Downstream Flood Control Infrastructure

The completion of a 1,371-kilometer standardized embankment system in the lower reaches of the Yellow River has significantly enhanced flood defense capabilities, with a flood control capacity of 22,000 cubic meters per second at the Huayuankou section.

4. Environmental Transformation: From Soil Erosion to Ecological Restoration

A total area of 268,800 square kilometers of water and soil erosion and 544,900 square kilometers of forest and grassland vegetation have been treated. Both area and intensity of soil and water erosion are “double decreased”, and water and wind erosion are “double reduced” as well.

5. Ecosystem Revitalization

Ecological water replenishment initiatives in areas such as the Yellow River Delta and Ulansuhai Nur have significantly contributed to the restoration of the Yellow River’s ecosystem. The bird species count in the Yellow River Delta has doubled from 187 in 1992 to 373 at present, rejuvenating this vital ecological zone.

6. Ecological Restoration and Water Management

Local authorities have carried out a special campaign to regulate illegal riverside occupation, mining, heap and construction, and more than 82,000 cases have been addressed along the shoreline of the Yellow River since 2019, effectively maintaining the order of water affairs.

7. Sustainable Water Regulation

Since 1999, the implementation of unified water flow management and scheduling in the Yellow River’s main stream has ensured continuous flow for 25 consecutive years through a multifaceted approach incorporating administrative, engineering, technical, economic, and legal measures.

8. Advancements in Hydrological Monitoring

With intensified application of new technologies and equipment, hydrological monitoring capabilities continue to improve. Meanwhile, with more hydrological stations and survey bases upgraded, the establishment of a modern rainwater monitoring and forecasting system has been accelerated.

9. Diversion of the Yellow River Water Supply

The construction of approximately 54,000 water storage, diversion, and pumping projects has ensured water security for 120 million mu of farmland, over 60 large and medium-sized cities, 340 counties (county-level cities/banners), and numerous energy bases across Shanxi, Shaanxi, Ningxia and Inner Mongolia. Despite accounting for only 2% of China’s river runoff, the Yellow River supports 12% of the national population and 15% of agricultural water demand.

Purchasers of Quantstamp QSP Tokens May Be Eligible for Payment from the Quantstamp Fair Fund

COSTA MESA, Calif., Jan. 22, 2025 /PRNewswire/ — The following statement is being issued by Simpluris, Inc., the SEC-appointed Fund Administrator.

UNITED STATES OF AMERICA
Before the 
SECURITIES AND EXCHANGE COMMISSION

In the Matter of Quantstamp, Inc.
Administrative Proceeding File No. 3-21535

This Notice is Pursuant to a Distribution Plan approved by the United States Securities and
Exchange Commission in the captioned matter.

If you purchased or acquired Quantstamp QSP tokens from October 1, 2017, through July 20, 2023, inclusive, you may be eligible for a distribution from the Fair Fund created in the Securities and Exchange Commission (“SEC”) administrative proceeding captioned above (the “Fair Fund”).

The Fair Fund is being distributed pursuant to a Distribution Plan (the “Plan”) approved by the SEC. The Plan provides for the distribution of the Fair Fund to compensate investors based on their losses, due to the misconduct of Quantstamp, Inc. described in the SEC’s administrative proceeding, on the purchase of QSP tokens from October 1, 2017 through July 20, 2023. You can view and download a copy of the SEC’s order and the Plan on the Important Documents tab on the website for this matter:  www.QuantstampFairFund.com/documents.  

To be considered for eligibility for a Distribution Payment from the Fair Fund, you must timely submit a completed Claim Form online or via mail.  Claim Forms completed online must be submitted on or before 11:59 p.m. Eastern Standard Time (“EST”) on April 10, 2025. Claim Forms submitted via mail must be sent to the address provided on the Claim Form and postmarked (or if not sent by U.S. Mail, received) by April 10, 2025.

You may complete the Claim Form online here: www.QuantstampFairFund.com/form/claim. Alternatively, you may download a paper copy from of the Claim Form on the Important Documents page www.QuantstampFairFund.com/documents, or request a copy of the paper Claim Form from the Fund Administrator via email at info@QuantstampFairFund.com or by calling 833-215-6101, for submission by mail to the address set forth on the Claim Form.

ADDITIONAL INFORMATION

Additional information regarding the Fair Fund, including copies of the Plan, the Plan Notice, the Claim Form, and other relevant documents may be found at www.QuantstampFairFund.com. You may request copies or seek additional information by contacting the Fund Administrator.

Email:               

info@QuantstampFairFund.com

Call:                 

833-215-6101

Write:               

Quantstamp Fair Fund

Fund Administrator

P.O. Box 25381

Santa Ana, CA 92799

 

MicroCloud Hologram Inc. Develops Quantum Random Number Generator (QRNG) of the Superposition and Entanglement Properties Based on Quantum Walks

SHENZHEN, China, Jan. 22, 2025 /PRNewswire/ — MicroCloud Hologram Inc. (NASDAQ: HOLO), (“HOLO” or the “Company”), a technology service provider, they recently launched an innovative research achievement— a quantum random number generator (QRNG) of the properties of superposition and entanglement entirely based on quantum walks.

Quantum walks, as a process of quantum state evolution, possess unique properties of superposition and entanglement. HOLO has cleverly utilized these properties to construct the quantum random number generator (QRNG). Quantum walks offer several advantages, among which the ability to generate multiple bits from a single qubit is particularly noteworthy. In traditional random number generation methods, obtaining multiple bits from a single bit source faces many limitations, while quantum walks break through these constraints, greatly enhancing the efficiency and flexibility of random number generation.

In any practical system, the application of quantum walks has certain limitations. The practical limits are primarily determined by the number of quantum walk steps that can be achieved experimentally. For example, in experimental scenarios such as nuclear magnetic resonance, ion trapping, cold atoms, and photonic systems, the number of quantum walk steps is constrained by factors like the precision of experimental equipment and environmental noise interference. However, HOLO, through in-depth analysis and numerical simulations, has found that despite these limitations, the dynamics of quantum walks can still significantly enhance the randomness of the particle’s initial state.

In their research, HOLO considers a special form of randomness quantification in quantum systems, namely the inherent randomness of measurements, which has been quantified as coherent measurement. Through the study of coherent measurements, HOLO further clarifies the operational aspects of quantum coherence. Quantum coherence is one of the key characteristics that distinguish quantum systems from classical systems, and a deeper understanding of its operational aspects helps to better utilize quantum properties for random number generation.

Since the QRNG protocol proposed by HOLO is entirely based on discrete-time quantum walk (DTQW) dynamics, it requires good randomness metrics to be incorporated in both the position and coin spaces. In the theoretical framework of quantum walks, coin space and position space are two key concepts. The coin space is analogous to the probability distribution in classical random processes, while the position space describes the particle’s position state in space.

To assess the randomness associated with the coin space, HOLO employs a specific method. First, it is necessary to trace a portion of the Hilbert space related to the position space from the density matrix. The density matrix is a crucial tool in quantum mechanics for describing the state of a quantum system, and by manipulating it, information related to specific spaces can be extracted. After tracing out the portion related to the position space, HOLO can calculate the randomness described in the method section from the simplified density matrix. This calculation method, based on relevant theories in quantum information theory, enables accurate quantification of randomness in the coin space.

Similarly, by tracing the coin space, HOLO can calculate the randomness combined with the position space. Through separate calculations of the randomness in these two spaces and their comprehensive analysis, a thorough evaluation of the randomness quality of the quantum walk-based QRNG can be achieved. This dual consideration of randomness in both position and coin spaces makes the QRNG proposed by HOLO more comprehensive and reliable in terms of randomness generation.

Compared to traditional random number generation methods, HOLO’s quantum walk-based QRNG offers significant advantages. Traditional random number generators are often limited by algorithms and hardware, and the random numbers they generate have certain limitations in terms of randomness and unpredictability. In contrast, the quantum walk-based QRNG leverages the inherent properties of quantum systems to generate truly random numbers, whose randomness is not constrained by classical algorithms, offering higher security and reliability.

In practical applications, HOLO’s QRNG has broad prospects. In the field of cryptography, the security and randomness of random numbers are critical to encryption algorithms. The quantum walk-based QRNG can provide high-quality random keys for encryption algorithms, enhancing the security of cryptographic systems and effectively defending against various forms of attacks. In fields such as scientific computing and simulation, high-quality random numbers can also improve the accuracy and reliability of computational results, providing strong support for scientific research.

In the future, HOLO will continue to conduct in-depth research on quantum walk-based QRNG technology, constantly optimizing algorithms and experimental schemes, overcoming limitations in practical applications, and further improving the performance and stability of QRNGs.

About MicroCloud Hologram Inc.

MicroCloud is committed to providing leading holographic technology services to its customers worldwide. MicroCloud’s holographic technology services include high-precision holographic light detection and ranging (“LiDAR”) solutions, based on holographic technology, exclusive holographic LiDAR point cloud algorithms architecture design, breakthrough technical holographic imaging solutions, holographic LiDAR sensor chip design and holographic vehicle intelligent vision technology to service customers that provide reliable holographic advanced driver assistance systems (“ADAS”). MicroCloud also provides holographic digital twin technology services for customers and has built a proprietary holographic digital twin technology resource library. MicroCloud’s holographic digital twin technology resource library captures shapes and objects in 3D holographic form by utilizing a combination of MicroCloud’s holographic digital twin software, digital content, spatial data-driven data science, holographic digital cloud algorithm, and holographic 3D capture technology. For more information, please visit http://ir.mcholo.com/

Safe Harbor Statement

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate,” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s goals and strategies; the Company’s future business development; product and service demand and acceptance; changes in technology; economic conditions; reputation and brand; the impact of competition and pricing; government regulations; fluctuations in general economic; financial condition and results of operations; the expected growth of the holographic industry and business conditions in China and the international markets the Company plans to serve and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the Securities and Exchange Commission (“SEC”), including the Company’s most recently filed Annual Report on Form 10-K and current report on Form 6-K and its subsequent filings. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

Elegoo Unveils Saturn 4 Ultra 16K: A Major Leap in Accuracy and User Experience

SHENZHEN, China, Jan. 22, 2025 /PRNewswire/ — Elegoo, a rapidly developing brand in global smart manufacturing, announces today the launch of the Saturn 4 Ultra 16K, the latest addition to its line of advanced resin 3D printers. This new model builds on the success of the original Saturn 4 Ultra, Elegoo’s best-selling resin printer of 2024, with even higher levels of precision and user-friendly features.

Equipped with a 10-inch 16K Mono LCD screen, the Saturn 4 Ultra 16K offers a 14 x 19 μm XY resolution and 0.02 mm Z-axis accuracy, making it the perfect choice for industries and applications that demand exceptional accuracy, such as gaming, dentistry, and other sectors where fine detail is crucial.

The Saturn 4 Ultra 16K also combines excellent performance with user-friendly features, including a quick-release, non-slip design and a smart tank heating system that keeps resin at 30°C for consistent print quality, even in low temperatures. These upgrades, based on user feedback, offer both ease of use and professional-grade capabilities.

Elegoo unveils the Saturn 4 Ultra 16K, marking a major leap in both accuracy and user experience.
Elegoo unveils the Saturn 4 Ultra 16K, marking a major leap in both accuracy and user experience.

“This model represents the culmination of our latest innovations,” says Chris Hong, Founder and CEO of Elegoo. “As a leader in resin 3D printing, our goal is to enhance the user experience and continue advancing our mission of making 3D printing technology accessible and beneficial for everyone.”

Faster, smarter printing with optimized performance

The Saturn 4 Ultra 16K offers a printing speed of up to 150 mm/h and a build volume of 211.68 mm x 118.37 mm x 220 mm, ideal for both small and larger prints with remarkable accuracy. Like the original Saturn 4 Ultra, the Saturn 4 Ultra 16K incorporates Elegoo’s Tilt Release Technology. By tilting the resin tank, the model is peeled off from the release film rapidly, further enhancing the overall printing speed.

For the first time, the Saturn 4 Ultra 16K features a smart tank heating system that keeps the resin at a precise 30°C. This ensures optimal fluidity and enhanced layer adhesion, minimizing defects such as bubbles and separation. The system improves print quality and significantly boosts success rates, particularly in low-temperature environments.

The Saturn 4 Ultra 16K also features smart sensors that detect residue and alert users to resin shortages or leveling issues, minimizing waste and ensuring a smoother printing experience. The integrated AI camera provides real-time monitoring and failure detection, while Wi-Fi cluster printing enables easy control of multiple printers, boosting productivity for large projects.

Enhanced slicing experience with SatelLite

The Saturn 4 Ultra 16K is fully compatible with SatelLite, Elegoo’s first slicing solution offering seamless resin printing with universal compatibility, supporting both Elegoo and other brands. With advanced EVO Support, SatelLite achieves over 90% success for support structures, operates twice as fast as other slicers, and provides free pro features like model repair and Boolean operations without ads or paywalls.

Currently available for Windows, SatelLite ensures efficient, pro-grade slicing for any user. Mac compatibility is coming soon. For additional flexibility, the Saturn 4 Ultra 16K also supports ChituBox, giving users the freedom to choose their preferred slicing software.

Price and availability

The Saturn 4 Ultra 16K is available on the Elegoo’s official store, priced at $519.99 USD in the US. For pricing information in the UK, EU, Canada, Australia, and Japan, please visit our regional stores.

About Elegoo

Founded in 2015, Elegoo is a rapidly developing brand in the global smart manufacturing industry, specializing in R&D, manufacturing, and sales of consumer-grade 3D printers, laser engravers, STEM kits, and other smart technology products. Located in Shenzhen, the Silicon Valley of China, the company has sold millions of products across more than 90 countries and regions. In 2023, the company’s total sales revenue reached approximately 200 million USD, with close to 700 employees and nearly 30,000 square meters of office and manufacturing area. With a focus on programming and 3D printing technology, Elegoo provides unique and smart creation spaces for diverse consumers to enhance personalized experiences.

Databricks Announces $15B in Financing to Attract Top AI Talent and Accelerate Global Expansion

Data intelligence leader completes $10B Series J and closes additional $5.25B debt financing

SAN FRANCISCO, Jan. 22, 2025 /PRNewswire/ — Databricks, the Data and AI company, today announced the final closing of its Series J funding. Existing investor QIA, the sovereign wealth fund of the State of Qatar, along with new investors including Temasek and entities administered by Macquarie Capital, participated in the funding round, which values the company at $62 billion. In addition, Meta has joined as a new strategic investor. Databricks plans to invest this capital toward new AI products, acquisitions, and expansion of its international go-to-market operations. This capital is also expected to be used toward providing liquidity for current and former employees and paying related taxes.

In addition to raising the $10 billion equity financing from some of the most well-known investors, Databricks closed a $5.25 billion credit facility led by JPMorgan Chase alongside Barclays, Citi, Goldman Sachs, and Morgan Stanley, with participation from other leading financial institutions and alternative asset managers. The credit facility includes a $2.5 billion unfunded revolver and a $2.75 billion term loan.

“We received overwhelming interest in this round from both new and existing investors and strategic partners who believe in our vision and market impact. These partners are focused on the long-term success of Databricks and our rapidly growing customer base,” said Ali Ghodsi, Co-Founder and CEO of Databricks. “Organizations are modernizing their data and AI infrastructure because they recognize the immense potential of generative AI. Data intelligence is critical to both unlocking this potential and to helping enterprises reach their business goals.”

The Databricks Data Intelligence Platform democratizes access to data and AI, making it easier for organizations to harness the power of their data for analytics, machine learning, and AI applications. Built on an open source foundation, the platform enables organizations to drive innovation to increase revenue, lower costs, and reduce risk. Customers use the Data Intelligence Platform to find and treat diseases and cancer earlier, identify new ways to combat climate change, detect financial fraud, develop pharmaceuticals faster, reduce time to mental health intervention, decrease local financial inequality and much more.

“We are excited to deepen our commitment to Databricks through this follow-on investment, underscoring our strong conviction in the company’s leadership and strategic positioning,” said Mohammed Saif Al-Sowaidi, CEO of QIA. “At QIA, we are expanding our exposure across the AI ecosystem and believe Databricks has become the leading platform within the AI infrastructure software space.”

About Databricks
Databricks is the Data and AI company. More than 10,000 organizations worldwide — including Block, Comcast, Condé Nast, Rivian, Shell and over 60% of the Fortune 500 — rely on the Databricks Data Intelligence Platform to take control of their data and put it to work with AI. Databricks is headquartered in San Francisco, with offices around the globe and was founded by the original creators of Lakehouse, Apache Spark™, Delta Lake and MLflow. To learn more, follow Databricks on X, LinkedIn and Facebook.

Contact: Press@databricks.com

Talogy enables early careers success with new future-ready solutions

GLENDALE, Calif., Jan. 22, 2025 /PRNewswire/ — Talogy, a world-leading talent management solution provider, has launched Spotlight™, a comprehensive, early career assessment solution, developed following extensive research into early career professionals and the demands on people hiring them.

Backed by global research of more than 1200 managers, recent employees, and early career seekers, Talogy Spotlight is ideal for enterprise organizations, looking to discover the brightest and most versatile early career professionals.

By assessing the competencies and skills needed for both early and long-term career success, Talogy Spotlight goes beyond a candidate’s resume to unlock their full potential and support an organization in the early stages of developing a talent pipeline.

Traditionally, early career professionals can struggle to gain professional experience in the workplace. Spotlight focuses on 11 core competencies that research has found to be key indicators of success. In the absence of work experience, these indicators can be very useful in predicting future job performance.

Talogy’s expert consultants work with clients to design a customizable and flexible early careers solution which informs as well as assesses a candidate. To help keep users on task, Spotlight has been developed to be more engaging for candidates and includes real-world scenario and storylines that introduce them to an organization and its brand values.

It combines a variety of assessment techniques including Situational Judgement Testing (SJT), personality, and cognitive assessments, and can also be combined with values assessment, competency-based interviews, or assessment centers. 

At the end of the process, both candidate and hiring manager are provided feedback around strengths and areas for further development. A more holistic, statistical, view is also supported, allowing analysis of multiple applications to determine strengths and weaknesses across candidates, and the impact it might have longer term on the organization.

Ted Kinney, Vice President, R&D, at Talogy, said, “With an aging workforce, and an increasing trend towards early retirement, attracting, identifying, and engaging the right talent is crucial for the ongoing success of an organization. Hiring managers need to think more strategically, looking at both the immediate role that needs to be fulfilled, as well as the impact their recruitment decisions make on the long-term success of the company.”

Learn more here about Talogy Spotlight early career solutions

About Talogy
At Talogy, we’re proud to be one of the world’s leading talent management solution providers. Crafting personalized solutions to help select, develop, and transform talent and organizations worldwide. Partnering with organizations to truly understand their challenges, inside out to help them make the best data-driven people decisions. Combining 75+ years of expertise, our extensive content library, and innovative technology, we help clients find, build, and grow the best talent. www.talogy.com

 

Nomination Committee’s proposal for Board of Directors of AB SKF

GOTHENBURG, Sweden, Jan. 22, 2025 /PRNewswire/ — SKF’s Nomination Committee proposes Mats Rahmström as a new board member in AB SKF.

Mats Rahmström was the President and CEO, as well as a member of the Board of Directors of Atlas Copco Group up until April 2024 and has held several senior positions within Atlas Copco. He has a broad international industrial background and is the Chair of the Board of Directors in Piab Group AB and a board member in Investor AB, ABB Ltd, Wärtsilä Oyj, R12 Distribution AB and Qvantum AB.

The Nomination Committee, furthermore, in addition to the proposed new election of Mats Rahmström, proposes re-election of the board members Hans Stråberg, Hock Goh, Geert Follens, Håkan Buskhe, Susanna Schneeberger, Rickard Gustafson, Beth Ferreira, Therese Friberg, Richard Nilsson and Niko Pakalén.

Hans Stråberg is proposed to be the Chair of the Board of Directors.

The Nomination Committee’s additional proposals will be published in conjunction with the notice of the Annual General Meeting 2025.

The Nomination Committee for the Annual General Meeting 2025 consists of Marcus Wallenberg, FAM, Philip Ahlgren, Cevian Capital, Anders Algotsson, AFA Försäkring, and Anders Jonsson, Skandia, together with the Chair of the Board of Directors Hans Stråberg. 

Aktiebolaget SKF
(publ)

For further information, please contact:
PRESS: Carl Bjernstam, Head of Media Relations
tel: 46 31-337 2517; mobile: 46 722-201 893; e-mail: carl.bjernstam@skf.com

INVESTOR RELATIONS: Sophie Arnius, Head of Investor Relations
tel: 46 31-337 8072; mobile: 46 705-908 072; e-mail: sophie.arnius@skf.com

This information was brought to you by Cision http://news.cision.com.

https://news.cision.com/skf/r/nomination-committee-s-proposal-for-board-of-directors-of-ab-skf,c4094554

The following files are available for download:

https://mb.cision.com/Main/637/4094554/3217469.pdf

20250122 Nomination Committees proposal for Board of Directors of AB SKF

https://news.cision.com/skf/i/dji-0735-fix,c3370261

DJI 0735 fix