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Thailand, China and Vietnam Fuel Laos’ Tourism Growth in 2026

Nam Song River in Vang Vieng district, Vientiane Province, Laos.

Laos welcomed nearly 2.6 million international tourists in the first half of 2026, up 9.9 percent from the same period last year, according to the latest figures from the Tourism Development Department under the Ministry of Culture and Tourism.

Thailand remained the country’s biggest source of visitors, with 833,738 arrivals, accounting for 32.2 percent of the total. China followed with 26.1 percent, while Vietnam ranked third with 22.6 percent.

Together, the three neighboring countries brought more than 2 million visitors to Laos, making up about 81 percent of all international arrivals during the first six months of the year.

ASEAN continued to dominate as Laos’ largest tourism market, contributing nearly 1.47 million visitors. The Asia-Pacific region came next with 813,313 arrivals, driven largely by Chinese tourists, while Europe accounted for 222,099 visitors.

The latest figures show tourism has continued to gain momentum throughout the year. Laos welcomed 1.36 million visitors in the first quarter alone, a 7.9 percent increase from a year earlier. Although arrivals dipped briefly in February compared with the same month in 2025, numbers rebounded in March and kept climbing through June.

If the trend continues, Laos remains on track to meet its 2026 target of attracting between 5 million and 6 million international visitors.

The government is also looking beyond this year. Under its 2026–2030 tourism strategy, Laos aims to welcome 43 million visitors over five years and generate at least USD 13 billion in tourism revenue.

Building on a record 2025

The first-half growth extends a trend that saw Laos post record tourism numbers throughout 2025. The country welcomed 4,580,709 international visitors last year, an 11 percent increase over 2024 that comfortably exceeded the government’s target of 4.3 million.

Thailand, China, and Vietnam were again the top three source markets for the full year, with China’s arrivals rising 10 percent and Vietnam’s up 7 percent, while South Korea recorded a steep 22 percent decline, partly attributed to political instability and a major airline disaster in that market.

Growth accelerated further in the second half of 2025, following the rollout of updated Visit Laos Year visa policies that took effect in July 2024 and fueled a surge in Chinese arrivals.

By the first eight months of 2025 alone, Laos had already logged more than 3 million tourists, a 15 percent year-on-year increase.

A five-year push for 22 million visitors

The steady increase puts Laos on track to reach its 2026 target of attracting between 5 million and 6 million international visitors, with Chinese arrivals alone expected to reach roughly 2 million this year, partly driven by the 65th anniversary of Lao-China diplomatic relations and growing use of the Laos-China Railway.

Looking beyond this year, the government has set an ambitious tourism strategy for 2026–2030, aiming to welcome 43 million visitors over five years, comprising 21 million domestic and 22 million international travelers, and generate at least USD 13 billion in tourism revenue, according to Minister of Culture and Tourism Suansavanh Viyaket.

Of that revenue target, international tourists are projected to contribute at least USD 8 billion, with international visitors expected to stay an average of 10 days per trip.

To meet these goals, Lao authorities have said they will prioritize infrastructure upgrades,  including continued development along the Laos-China Railway corridor, alongside improved service standards, workforce training, and expanded digital and multilingual tourism marketing.

MetaOptics to Deploy its Direct Laser Writer at the University of Arizona’s Center of Semiconductor Manufacturing to Advance its U.S. Expansion

SINGAPORE, July 22, 2026 /PRNewswire/ — MetaOptics Ltd (Catalist: 9MT) (“MetaOptics” or the “Company,” and together with its subsidiaries, the “Group”), announced that it has entered into an agreement to deploy its key metalens Direct Laser Writer (“DLW“) system at the University of Arizona’s Center of Semiconductor Manufacturing (the “University“). The agreement marks a critical step in advancing its U.S. expansion strategy and its collaborative research with world-class semiconductor stakeholders in Arizona. Installation of the DLW is expected to commence in 2027.

The DLW is designed for a 4-inch wafer to enable quick prototyping and fabrication of metalens samples within weeks. It also supports small-volume production for pilot builds and customer demand evaluation, enabling partners to iterate faster and move from concept to product more efficiently. The deployment of the Company’s DLW will allow prospective customers in the U.S. to physically witness the system in action for their metalens prototyping needs. It will also support collaborative research and evaluation by the University’s researchers under the guidance of Dr. Krishna Muralidharan of the University of Arizona’s Department of Materials Science and Engineering. MetaOptics expects the deployment to generate user feedback and user demonstration opportunities, providing further technical validation of its metalens equipment and products, and serve as a launchpad to scale commercial production and collaboration in the U.S. market.

The deployment of its DLW serves as a key milestone for MetaOptics’ U.S. expansion strategy, prospective U.S. customer engagement, and commercialization roadmap. It also positions the Group to support emerging U.S. initiatives in silicon photonics, co-packaged optics, and integrated photonics, where its metalens technology is directly applicable. The DLW will anchor a “mini foundry” at the University for small-volume, quick turnaround prototyping. Beyond research, the installation serves a commercial purpose: a U.S. demonstration site where potential distributors, universities, and research institutions can physically witness the DLW in operation. It will also produce metalens samples for prospective customers’ evaluation. With Arizona’s fast-growing semiconductor ecosystem home to world-class manufacturers and suppliers, the Company aims to leverage its presence at the University and the wider ecosystem to deepen engagement with prospective industry partners and end customers.

MetaOptics Executive Chairman Thng Chong Kim commented: “By placing our Direct Laser Writer within a world-class semiconductor research environment in Arizona, we will be able to strengthen technical validation and gather valuable user feedback. It also supports our ongoing engagements with potential industry partners and end-customers while showcasing our metalens manufacturing equipment to prospective distributors and institutions across the United States. We believe this deployment reinforces our broader U.S. expansion efforts and deepens our engagement in Arizona’s world-class semiconductor ecosystem.”

About MetaOptics Ltd

MetaOptics Ltd (Catalist: 9MT) is a semiconductor optics company pioneering glass-based metalens solutions enhanced by AI-driven image processing. Using advanced optical design and a scalable 12-inch DUV lithography process, it powers next-generation applications in CPO, mobile, AR VR, automotive, and other emerging markets. Find out more at www.metaoptics.sg.

Forward-Looking Statement

This press release contains forward-looking statements which can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “likely to,” “potential,” “continue” or other similar expressions. Any statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: the Company’s growth strategies, its future business development, results of operations and financial condition, its research and development efforts, its ability to attract and retain customers, and its ability to establish and maintain relationships with suppliers and business partners; and assumptions underlying or related to any of the foregoing. All information provided in this press release is as of the date of this press release, and the Company undertakes no obligation to update any forward-looking statement, except as required under applicable law.

Singapore (HQ)
Metaoptics Technologies Pte Ltd. 81 Ayer Rajah Crescent, #01-45 Singapore 139967

United States
Metaoptics Inc. (USA) 1 Ferry Building, Suite 201 San Francisco, CA 9411

Quantinuum and SoftBank Corp. Publish Joint White Paper on Scaling Practical Quantum Computing Use Cases Toward the Fault-Tolerant Era

  • The companies have published a joint white paper mapping commercially relevant quantum computing use cases in quantum chemistry and graph analytics to Quantinuum’s hardware roadmap.
  • The paper provides a framework for assessing how advances in quantum hardware and algorithms, could affect when practical industrial applications become feasible.
  • SoftBank Corp. and Quantinuum will use the roadmap to inform their exploration of future quantum AI data center services and related business models.

TOKYO and BROOMFIELD, Colo., July 22, 2026 /PRNewswire/ — Quantinuum (NASDAQ: QNT) and SoftBank Corp. (“SoftBank”) today announced the publication of “Quantum Computing Frontiers,” a joint white paper that maps two commercially-relevant quantum computing application areas against Quantinuum’s hardware roadmap. The analysis examines how advances in quantum hardware and algorithms could affect when these applications become practical for industrial use.

The paper focuses on two representative application domains that SoftBank is actively using Quantinuum’s systems to research: quantum chemistry for new materials discovery and energy research, and topological data analysis for large-scale graph analytics, including for telecommunications fraud detection. The authors anchor their assessment of the scalability of these two application areas against Quantinuum’s published hardware roadmap, examining how projected advances in hardware capabilities and algorithms may enable the commercial readiness of future industrial applications.

Building on this use-case roadmap, the paper also examines how quantum computing, AI, and high-performance computing could be integrated into future computing infrastructure. It considers how progress across successive hardware generations could inform future quantum AI data center services and related business models, a key focus of the Quantinuum and SoftBank partnership announced last year.

“The key takeaway of this study is that organizations do not need to wait for large-scale, fault-tolerant systems to explore where quantum computing can begin creating value,” said Duncan Jones, General Manager, Applications Group at Quantinuum. “By using today’s systems to develop, benchmark and refine applications in areas such as quantum chemistry and graph analytics, enterprises can build the technical and operational readiness needed for the next era of quantum-enabled computing.”

“The question is no longer whether quantum computing may deliver value, but rather which problem classes become executable at which stage of hardware maturity,” said Ryuji Wakikawa, Senior Vice President & CTO at SoftBank Corp. “However, we believe progress in hardware must be complemented by equally strong developments in quantum algorithms and the integration of quantum systems with AI and high-performance computing.”

The white paper discusses illustrative scenarios describing how representative applications, technology maturity, and potential market opportunities may evolve over time under stated assumptions. The analysis provided in the paper is intended to provide a conceptual framework for understanding potential market evolution and does not represent financial guidance or forecasts. These analyses are intended to support discussion of future technology development and should not be interpreted as commitments regarding commercialization, infrastructure investment, products, services, or financial performance.

The full white paper is available to download on the SoftBank and Quantinuum websites.

About SoftBank Corp.

Guided by the SoftBank Group’s corporate philosophy, “Information Revolution – Happiness for everyone,” SoftBank Corp. (TOKYO: 9434) operates telecommunications and IT businesses in Japan and globally. Building on its strong business foundation, SoftBank Corp. is aiming to activate the potential of AI across its businesses and drive implementation in line with its “Activate AI for Society” growth strategy. While further growing its telecom business, SoftBank is expanding its AI computing infrastructure and AI and Cloud service businesses with the aim of becoming a provider of Next-generation Social Infrastructure. To learn more, please visit https://www.softbank.jp/en/corp/

About Quantinuum

Quantinuum (NASDAQ: QNT) is a leading quantum computing company offering a full-stack platform designed to make quantum computing deployable in real-world environments. The company has commercially deployed multiple generations of quantum systems built on the well-established QCCD architecture, which it has implemented with novel designs and capabilities to achieve the industry’s highest accuracy levels based on average two-qubit gate fidelity.[1] Quantinuum has active engagements with market leaders across pharmaceuticals, material science, financial services, and government and industrial markets. The company has a global workforce of approximately 700 employees, including top scientists and researchers. Over 70% of its technology team holds PhDs or Master’s degrees. Quantinuum’s headquarters is in Broomfield, Colorado, with additional facilities across the United States, United Kingdom, Germany, Japan, Qatar, and Singapore.

For more information, please visit www.quantinuum.com.

Cautionary Statement Concerning Forward-Looking Statements

This press release contains certain statements that may be deemed “forward-looking statements” within the meaning of the Private Securities Litigation Reform Act of 1995. Forward-looking statements include all statements that are not historical facts. The words “anticipate,” “assume,” “believe,” “continue,” “could,” “estimate,” “expect,” “intend,” “may,” “plan,” “potential,” “predict,” “project,” “future,” “will,” “seek,” “foreseeable,” the negative version of these words, or similar terms and phrases are intended to identify forward-looking statements. Such statements are based on certain assumptions and assessments made by our management in light of their experience and their perception of historical trends, current economic and industry conditions, expected future developments and other factors they believe to be appropriate. The forward-looking statements included in this release are also subject to a number of material risks and uncertainties, including but not limited to economic, competitive, governmental, and technological factors affecting our operations, markets, products, services and prices. New factors emerge from time to time, and it is not possible for Quantinuum to predict all such factors. Any forward-looking statement speaks only as of the date on which it is made, and, except as required by law, Quantinuum does not undertake any obligation to update or revise any forward-looking statement, whether as a result of new information, future events or otherwise.

 

[1] As of December 31, 2025.

11:11 Systems Announces Strategic Partnership with Cato Networks to Deliver SASE Solution for Distributed Enterprises

New Managed Secure Access Service Edge (SASE) solution combines SD-WAN, cloud-native networking and security capabilities with 11:11’s connectivity, cyber resilience and cloud expertise

SYDNEY, July 22, 2026 /PRNewswire/ — 11:11 Systems, a leading managed infrastructure solutions provider, today announced the global availability of its 11:11 Managed Secure Access Service Edge (SASE) solution and a new strategic partnership with Cato Networks.

11:11 Managed SASE is a fully managed secure connectivity solution leveraging Cato Networks AI-native network security platform. This solution brings together intelligent SD-WAN, cloud-delivered security and global connectivity into a single offering. It enables organisations to simplify and secure access across branch offices, data centres, users and cloud environments, reducing complexity without sacrificing performance or control.

Built on the Cato Networks cloud-native SASE platform, 11:11 Managed SASE combines zero trust network access (ZTNA), firewall as a service (FWaaS), secure web gateway (SWG), cloud access security broker (CASB), advanced threat protection and centralised visibility into a unified managed experience. 11:11 also delivers 24x7x365 monitoring and support, incident management integration and operational accountability to help customers limit vendor sprawl, increase agility and free internal teams to focus on higher-value priorities.

The offering is backed by 11:11’s broader networking, cloud and cyber resilience capabilities. Through its global backbone, carrier-agnostic connectivity options and integrated portfolio spanning cloud, backup, disaster recovery and security services, 11:11 gives customers a practical path to modernise network and security architecture while strengthening resilience across the business.

“Enterprises are under pressure to support users, applications and locations that are more distributed than ever, while limiting complexity and improving security,” said Justin Giardina, CTO, 11:11 Systems. “Our Managed SASE solution provides customers with a unified approach to modernising networking and security, along with the visibility, support and flexibility they need to thrive in a rapidly changing environment.”

According to Karl Soderlund, global channel chief, Cato Networks, “As enterprises move beyond fragmented legacy networking and security stacks, they need a simpler way to gain visibility, context and control across hybrid work environments and reduce the operational burden on IT. Through our partnership, we can address these challenges head on and deliver end-to-end visibility and protection in a single service built for the reality of modern work.”

The joint offering is well suited for distributed enterprises, multi-site organisations, hybrid workforce initiatives, SD-WAN refreshes, security modernisation efforts and businesses with limited IT resources. 11:11 meets customers where they are by supporting existing environments, simplifying multi-vendor operations and serving as a single provider accountable for network, security, cloud and data integration.

This partnership expands 11:11’s Network as a Service portfolio and follows Forrester’s inclusion of 11:11 Systems in its report, “The Secure Access Service Edge Services Landscape, Q1 2026.”

About 11:11 Systems

11:11 Systems is a managed infrastructure solutions provider that empowers customers to modernise, protect and manage mission-critical applications and data, leveraging 11:11’s resilient cloud platform. Learn more at www.1111Systems.com and follow 11:11 on LinkedIn.

Avalara Survey: Australian Finance Leaders are Racing to Deploy AI Agents Before Governance is Ready

Nine in 10 finance leaders say they are under pressure to prove AI ROI, while only 12% say their organisations prioritise governance over deployment speed

SYDNEY, July 22, 2026 /PRNewswire/ — Avalara, Inc., the agentic AI leader for global tax and compliance, today released new research revealing that while Australian finance teams feel pressure to deploy AI agents as quickly as possible, governance, accountability, and internal controls are struggling to keep pace. 

The report, “Agents of Change: How the Race to Deploy AI Agents is Outrunning Financial Governance,” surveyed CFOs and senior finance leaders across Australia who have deployed, piloted, or actively evaluated AI agents in financial processes during the past year.

Key findings
Pressure to show value is mounting.

  • 88%1 of respondents feel moderate or significant career pressure to demonstrate that AI agent investments are delivering ROI, with half calling that pressure significant.
  • 90% say their AI agent initiatives are delivering at least some measurable ROI to date.
  • 59%2 say the pressure to deploy agents is focused primarily on deployment speed.

Governance is falling behind the agentic AI rush.

  • Only 12%3 say their organisation prioritises governance over speed.
  • 23% say the top proof they expect from vendors when evaluating AI-powered solutions is ROI, vs. 17% for governance and control documentation and 18% for auditability and explainability evidence.
  • 59% are only somewhat confident they could explain an AI agent’s actions to an auditor or regulator.

The findings reveal a finance function caught between executive pressure to accelerate AI agent adoption and the operational reality that those AI agents need to be managed with care, particularly in tax and compliance, where decisions must withstand regulatory scrutiny.

“Australian finance leaders are right to move quickly to capitalize on agentic AI opportunities, but speed without accountability creates new forms of risk, and speed without rethinking workflows limits ROI,” said Hugo Sarrazin, Chief Executive Officer at Avalara. “The organizations that realize the greatest value from AI won’t simply deploy more agents. They’ll leverage agents with trusted data, governed workflows, and clear controls that enable automation with confidence.”

Pinpointing Accountability

The research highlights questions about who is responsible for significant AI agent errors. For example, nearly one in five (18%4) say accountability for a significant AI agent error would be unclear or sit with no one, while 18% believe the executive who approved the AI investment would ultimately be held personally accountable. 

One of the challenges is a lack of available knowledge: 75%5 lack dedicated in-house expertise to understand how their AI agents work, relying on IT or vendors.

“Finance leaders are being asked to move quickly with AI, but governing agents requires a new combination of domain, AI, IT, and data governance expertise,” said Frank Cirone, VP Commercial Strategy at Snowflake, a cloud data platform company. “As AI agents gain access to financial and compliance workflows, organisations need to know what those agents can see, what they can do, and when human approval is required. That kind of control has to be built into the architecture, not added after the fact.” 

Finance Leaders Prioritize Trust Alongside Speed

The survey makes clear that finance leaders aren’t looking to slow AI adoption. They’re looking to scale it responsibly. When asked what would most increase their confidence in expanding AI agents, respondents consistently prioritised capabilities that reinforce trust and accountability:

  • AI agents operating within existing systems of record (32%)
  • Outputs grounded in verified tax, compliance, and financial data (30%)
  • Validation against known compliance requirements (25%)
  • Vendor commitments around accuracy and accountability (20%)
  • Audit trails documenting every AI action (31%)

The capability respondents identified as most valuable for financial operations was “audit-ready documentation for every AI-driven action,” selected by 37% of respondents.

“AI agents are now moving into business processes that require trust, transparency, and governance by design,” said Jim Lundy, Founder, CEO, and Lead Analyst at Aragon Research. “As enterprises scale agentic AI, the question becomes less about whether the technology can act and more about whether organizations can understand, control, and explain those actions. In finance, where workflows are auditable and outcomes carry real business consequences, governance and explainability will become essential requirements for adoption.”

The full report, Agents of Change: How the Race to Deploy AI Agents is Outrunning Financial Governance, is available at: newsroom.avalara.com/image/Agents_of_Change.pdf 

Methodology:

The research was conducted by Censuswide, among a sample of 250 CFO or Senior Finance leaders (aged 30+) in Australia in companies with a revenue of approximately $14 million+ (US$10 million+). Respondents must have deployed, piloted, or actively evaluated AI agents in their organisation in the last 12 months and work in the following industries: Financial Services and Insurance / Healthcare /Manufacturing & Distribution / Professional Services (i.e., accounting firms legal, consulting) / Retail & E-commerce / Tech and SaaS. The data was collected between 15.06.2026 – 22.06.2026. Censuswide is a member of the Market Research Society (MRS) and the British Polling Council (BPC), and a signatory of the Global Data Quality Pledge. Censuswide adheres to the MRS Code of Conduct and ESOMAR principles.

About Avalara

Avalara is the agentic AI platform for global tax and compliance. For more than two decades, Avalara has built one of the most expansive libraries of tax content and integrations in the industry, processing more than 54 billion transactions annually and supporting millions of businesses worldwide. The company’s purpose-built AI agents automate end-to-end compliance with greater precision, from tax calculations and return filings to exemption certificate management and beyond. For more information, visit Avalara.com.

  1. Combining answers “significant pressure” (32%) and “moderate pressure” (56%)
  2. Combining answers “entirely on speed” (26%) and “mostly on speed” (33%)
  3. Combining answers “mostly on governance” (12%) and “entirely on governance” (0%)
  4. Combining answers “Accountability would be unclear” (12%) and “No one individual or team” (6%)
  5. Combining answers “this is something we are actively trying to hire or develop for” (21%), “we rely on our IT or technology team for this” (16%), “we rely on the vendor who built or provides the agent” (24%) and “we have no one currently responsible for this” (14%)

SuperX and Mercuria Asia Forge Strategic Partnership to Build Innovative AI Infrastructure Ecosystem

SINGAPORE, July 22, 2026 /PRNewswire/ — SuperX AI Technology Limited (NASDAQ: SUPX, hereinafter referred to as “SuperX”) and Mercuria Asia (hereinafter referred to as “Mercuria”), the Asia Pacific platform of Mercuria Energy Group today announced the establishment of a strategic partnership. As part of this partnership, Mercuria Asia has made a strategic investment in SuperX through a convertible note and warrant subscription agreement. The two parties will draw on their respective strengths in global energy, power optimization, capital deployment, and AI data center technology to pursue in-depth cooperation in global AI infrastructure development, jointly advancing the integration of energy solutions and AI infrastructure.

The parties will focus on global AI data center development, optimized allocation of power resources, and innovation in energy management, exploring new models of synergistic development among energy, technology, and capital to deliver efficient, reliable, and sustainable global AI computing infrastructure solutions, providing long-term support for the continued growth of the global AI industry.

Dr. Huang Chenhong, Chairman and Chief Executive Officer of SuperX, commented: “This long-term strategic partnership with Mercuria represents a significant milestone in SuperX’s global expansion. The core long-term challenge for the AI computing power industry lies in electricity costs and low-carbon compliance pressures. Mercuria’s global energy network, asset management expertise, and structured energy solutions precisely address our key gaps. Our collaboration will accelerate the implementation of overseas projects in Indonesia, Japan, Thailand, and other regions, while establishing differentiated advantages in green computing power and continuously enhancing the company’s long-term profitability and investment value. Building on this partnership, we will deliver more cost-competitive and sustainable AI factory solutions to customers worldwide.”

Mr. Jin Han, Board Member of Mercuria Group and Chief Executive Officer of Mercuria Asia, stated: “AI infrastructure is becoming a vital conduit for the integrated development of the global energy system and the digital economy. As AI advances rapidly, global computing power demand continues to surge, placing higher demands on stable, low-cost, and sustainable energy supplies while creating new opportunities in energy management, power trading, and infrastructure investment. 

Mercuria has long focused on infrastructure investments that enhance global energy efficiency and resource allocation. Investing in AI infrastructure is both an important practice in advancing Mercuria’s energy strategy and a key direction in positioning for the future energy ecosystem. Our focus extends beyond computing power itself to the long-term industrial value created by the deep integration of energy and AI.”

SuperX holds leading advantages in full-stack AI data center technology, global deployment, and operations. Mercuria possesses a worldwide energy network, capabilities in power optimization and price risk management, structured financing expertise, and extensive experience in energy asset investment and operations. The complementary strengths of both parties establish a solid foundation for long-term cooperation.

Looking ahead, the two parties will deepen cooperation in energy security, AI data center development, and global computing infrastructure, driving the integration of energy and computing power to build an efficient, reliable, and sustainable global AI infrastructure platform that supports the long-term growth of the global AI industry.

Mercuria is committed to creating value across the global energy and commodities value chain. The company continuously invests in innovative companies and technologies, strengthens long-term energy security, and optimizes resource allocation through its global network to meet growing energy demand. This partnership with SuperX marks an important step in extending Mercuria’s global energy capabilities into the AI era, and reflects its continued commitment to future infrastructure and long-term growth industries.

About SuperX AI Technology Limited (NASDAQ: SUPX)

SuperX AI Technology Limited is a provider of AI infrastructure solutions, offering AI data centers a comprehensive portfolio that includes proprietary hardware, advanced software, and end-to-end services. The company’s offerings encompass advanced solution design and planning, cost-effective infrastructure product integration, and end-to-end operations and maintenance. Its core products include high-performance AI servers, 800-volt direct current (800VDC) solutions, high-density liquid cooling solutions, as well as AI cloud services and AI agents. Headquartered in Singapore, SuperX serves institutional clients globally, including enterprises, research institutions, and cloud and edge computing deployments. For more information, please visit www.superx.sg.

About Mercuria

Mercuria Asia is the Asia Pacific platform of Mercuria Energy Group, one of the world’s largest independent energy and commodities groups. Headquartered in Singapore, Mercuria Asia leads the Group’s regional energy trading, investment, and infrastructure activities across Asia Pacific. The Group, founded in Geneva, Switzerland, operates globally across the energy value chain, including crude oil and refined products, natural gas and LNG, power, renewable energy, metals, and carbon markets, and is recognized for its strong focus on risk management, compliance, and operational excellence, and for its investment in energy solutions that support global energy security and the energy transition.

Safe Harbor Statement

This press release may contain forward-looking statements. In addition, from time to time, we or our representatives may make forward-looking statements orally or in writing. We base these forward-looking statements on our expectations and projections about future events, which we derive from the information currently available to us. You can identify forward-looking statements by those that are not historical in nature, particularly those that use terminology such as “may,” “should,” “expects,” “anticipates,” “contemplates,” “estimates,” “believes,” “plans,” “projected,” “predicts,” “potential,” or “hopes” or the negative of these or similar terms. In evaluating these forward-looking statements, you should consider various factors, including: our ability to change the direction of the Company; our ability to keep pace with new technology and changing market needs; and the competitive environment of our business. These and other factors may cause our actual results to differ materially from any forward-looking statement.

Forward-looking statements are only predictions. The reader is cautioned not to rely on these forward-looking statements. The forward-looking events discussed in this press release, including delivery schedules, production capacity, and other statements made from time to time by us or our representatives, may not occur, and actual events and results may differ materially and are subject to risks, uncertainties, and assumptions about us. We are not obligated to publicly update or revise any forward-looking statement, whether as a result of uncertainties and assumptions, the forward-looking events discussed in this press release and other statements made from time to time by us or our representatives might not occur.

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Buda AI Launches Cloud-Native Multi-Agent Workspace to Transform How Teams Work with Artificial Intelligence

NEW YORK, July 22, 2026 /PRNewswire/ — Buda AI (https://buda.im) today announced the launch of its cloud-native multi-agent workspace, introducing a new paradigm called “Agents as a Company.” The platform enables individuals and teams to organize, coordinate, and manage AI employees that work together within a unified environment — eliminating the need for local hardware or complex infrastructure setup.

Most AI tools today operate in isolation, forcing users to switch between tabs, copy outputs manually, and stitch workflows together by hand. As disconnected chatbots, coding assistants, and browser agents multiply, productivity suffers. Buda AI challenges this “one tool, one task” model by providing a complete AI company structure where specialized agents collaborate toward shared goals under human coordination.

A Unified Workspace for Humans and AI Agents

At the platform’s core is the Organizer + Agents model, where an Organizer coordinates a team of specialized agents handling functions such as strategy, marketing, sales, finance, research, content, coding, and operations. Each agent operates within an isolated Cloud Computer sandbox featuring native terminal access, fast file storage, an integrated browser, and visual Drive for managing generated work.

Key capabilities include:

  • Buda Drive: Persistent memory ensures files, decisions, and task history survive restarts, allowing agents to accumulate context instead of starting from zero each session.
  • Shared Space Memory: A unified Drive gives agents and human team members one source of truth, reducing context loss between sessions.
  • Visible Agent Work: Every agent has its own live browser, terminal, and Drive, enabling users to monitor progress at each step rather than receiving only final results.
  • Multi-Model Support: Access leading models from OpenAI, Anthropic, Google, DeepSeek, and Kimi within one workspace.

“The question is not whether AI will become powerful. It is whether the people building it will stand with humans or against them,” said Kelly Chan, founder of Buda. “We believe AI should make humans more powerful, not replace them.”

Designed for AI enthusiasts, founders, marketing leaders, content teams, and developers, Buda AI offers free, Plus, and Pro plans. The platform also features an ai agent marketplace where users can add ready-made agents, teams, and skills. To explore the full range of capabilities, visit Buda AI, discover pre-built ai agent skills, or browse customizable ai agent templates.

About Buda AI

Buda AI is a cloud-native multi-agent workspace built around “Agents as a Company.” By unifying Agents, Drive, Terminal, Browser, Canvas, persistent memory, collaboration, and Cloud Computers, Buda AI helps people organize AI employees that work together and get things done — without local hardware or complex setup.

Media Contact:
Buda AI: https://buda.im
Email: sales@buda.im

OptiMIM Announces Official Opening of OptiMIM Global Manufacturing Facility in India

New facility strengthens global manufacturing capabilities through the strategic joint venture between OptiMIM and Vasantha Tool Crafts Pvt. Ltd.

CHARLOTTE, N.C., July 22, 2026 /PRNewswire/ — OptiMIM, a Form Technologies company, announces the official opening of the OptiMIM Global manufacturing facility in India, marking a significant milestone in the company’s continued global expansion and regional manufacturing strategy.

OptiMIM and Vasantha Tool Crafts Pvt. Ltd. team members gather for the official opening of the OptiMIM Global manufacturing facility in India.
OptiMIM and Vasantha Tool Crafts Pvt. Ltd. team members gather for the official opening of the OptiMIM Global manufacturing facility in India.

The facility, established through the strategic joint venture between OptiMIM and Vasantha Tool Crafts Pvt. Ltd. is designed to support customers across the world with advanced metal injection molding (MIM) solutions, localized engineering collaboration, and integrated tooling expertise.

The launch strengthens OptiMIM’s global manufacturing footprint while enhancing regional customer support capabilities through the combination of OptiMIM’s precision MIM expertise and Vasantha’s established tooling and manufacturing capabilities.

“Our vision for OptiMIM Global was to create a strong regional manufacturing and engineering presence that allows us to better support customers across Asia and Europe while complementing our existing global operations,” said Marc Riquelme, President of OptiMIM and Signicast. “The official opening of this facility represents an important step in expanding our ability to deliver global advanced MIM solutions to customers in key growth markets.”

Dayanand Reddy, Managing Director, Vasantha Tool Crafts added, “We are excited to join forces with OptiMIM to push the boundaries of MIM technology. Our complementary strengths in high-precision manufacturing and innovative design will drive new possibilities for our customers across various industries.”

The India facility will support a range of industries including medical, automotive, consumer electronics, industrial, and aerospace applications. By combining advanced MIM manufacturing capabilities with integrated tooling support, OptiMIM Global is positioned to provide customers with enhanced collaboration, regional responsiveness, and scalable production support throughout the product lifecycle.

The opening of OptiMIM Global reflects the company’s continued investment in innovation and advanced precision metal injection molding. With its expanded manufacturing capabilities, OptiMIM Global is well positioned to help customers accelerate the development and production of complex, high-performance components.

About OptiMIM

OptiMIM, a Form Technologies company, is a leading provider of advanced metal injection molding (MIM) solutions, delivering high-performance precision components for demanding applications across the medical, automotive, consumer electronics, industrial, and aerospace industries. Combining advanced materials expertise with state-of-the-art manufacturing technologies, OptiMIM supports customers globally with scalable, high-quality production solutions. Learn more at OptiMIM.com.

About Vasantha Tool Crafts Pvt.Ltd.

Vasantha Tool Crafts Pvt. Ltd., established in 1989 in Hyderabad, India, is a leader in high-precision plastic injection molds and metal injection molding (MIM) solutions. Serving industries such as FMCG, healthcare, and consumer durables, the company has delivered over 4,000 Class 101 molds worldwide. Vasantha’s advanced manufacturing capabilities include robotic automation, 3D metal printing, and in-house vacuum heat treatment. The company operates five state-of-the-art facilities across three continents. For more information, visit vasantha.com.

About Form Technologies

Form Technologies is a global manufacturing group focused on advanced precision component solutions through its portfolio of leading brands, including Dynacast, Signicast, and OptiMIM. For more information, visit formtechnologies.com.

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