33.3 C
Vientiane
Thursday, May 29, 2025
spot_img
Home Blog Page 137

Envision Unveils 2025 Net Zero Report at Smarter E Europe, Celebrates Third Year of Carbon Neutrality

MUNICH, May 9, 2025 /PRNewswire/ — Envision Energy, a global leader in green technology,  released its 2025 Net Zero Action Report at the Smarter E Europe in Munich, reaffirming its commitment to climate leadership. The company achieved operational carbon neutrality for the third consecutive year since 2022 and reached 100% renewable electricity use in 2024, fulfilling its RE100 commitment a year ahead of schedule.

The report reveals that Envision’s Scope 1 and 2 greenhouse gas emissions totaled just 7,089 tonnes CO₂ equivalent in 2024. Against a baseline of 84,000 tonnes, the company reduced emissions by 91%—approximately 77,000 tonnes—through enhanced energy efficiency and the use of both on-site and off-site renewable electricity. By the end of 2024, Envision’s delivered products are estimated to have avoided approximately 2.35 billion tonnes of global carbon emissions.

Advancing New Benchmarks in Net-Zero Supply Chains and Product Carbon Footprints

Envision made building a sustainable supply chain a core pillar of its sustainability strategy, driving green transformation through digital empowerment and the integration of net-zero technologies. By 2024, all its key suppliers had joined Envision’s EnOS Ark Carbon Management System, with 18% already using 100% green electricity to supply products to Envision. The company aims for full green power adoption across its core supply chain by 2028.

Envision is leveraging its leadership in carbon footprint management to drive industry-wide progress through the International ILCD Life Cycle Data Network, partnering with battery and PV sectors to build  international standardized product carbon footprint databases. This initiative helps close critical data gaps and empowers more companies to reshape their value chains and boost global competitiveness. 

Envision’s green hydrogen and ammonia project in Chifeng became one of the first globally to be certified by Bureau Veritas as renewable ammonia. At Smarter E Europe 2025, Envision received TÜV SÜD’s Carbon Footprint Certification for its Euro-standard industrial and commercial energy storage cabinet, marking the first publicly disclosed certification of its kind and setting a new industry benchmark.

Pioneering Net-Zero Industrial Park  Model  with AI at the Core

At the core of Envision’s transformation is the deep integration of AI technologies across its renewable energy products. By combining AI algorithms with full-stack technologies, Envision has built an AI wind turbine system with a closed-loop “perception–decision–execution–evolution”model. This system enables real-time optimization of renewable energy output and grid absorption. AI models for forecasting weather, risk, pricing, and power trading are also reshaping how renewables interact with the power market.

As a pioneer of the net-zero industrial park model, Envision is reshaping the global industrial landscape by integrating green energy and green manufacturing into sustainable industrial clusters—with AI at the core. Following the launch of the world’s first net zero industrial park in Ordos, Envision Energy’s Green Hydrogen-Ammonia Project in Chifeng has commenced production of its first 300,000-tonnes, marking a new milestone for the sector. Meanwhile, its upcoming Net-Zero Hydrogen Industrial Park in Spain will feature hydrogen equipment manufacturing and green hydrogen production to support Europe’s decarbonization and industrial transformation. Building on these achievements, Envision plans to replicate this model globally in collaboration with partners, unlocking new opportunities and driving a new era of sustainable prosperity.

Forging Cross-Sector Net-Zero Ecosystem

In 2024, Envision’s global net zero technology partner ecosystem achieved remarkable breakthroughs. Together with Starbucks, Envision transformed the Starbucks Coffee Innovation Park into its most sustainable campus, powered by 100% renewable energy and cutting carbon emissions by approximately 78,000 tonnes annually. With Merck China, Envision is advancing green power procurement and carbon management services, supporting Merck’s 2040 climate neutrality goal. In a landmark move,Envision signed a historic green ammonia offtake agreement with Marubeni Corporation, validating its commercial potential and establishing a new global benchmark. From Starbucks to Marubeni, Envision is building a growing, cross-sector net-zero network spanning energy, manufacturing, retail, and logistics—forming a smart, collaborative decarbonization ecosystem.

Net zero is not a choice, but a necessity. Envision will continue to join forces with like-minded partners around the world to drive a shared vision of sustainable prosperity and help win the race against the climate challenge.

Autoliv Announces Results of 2025 Annual Stockholders Meeting

DETROIT, May 9, 2025 /PRNewswire/ — Autoliv, Inc., (NYSE: ALV) (SSE: ALIV.sdb), the worldwide leader in automotive safety systems, today announced the results of its annual general meeting of stockholders held on May 8, 2025.

Annual General Meeting of Stockholders

The Company’s 2025 Annual General Meeting of Stockholders (AGM) voted for approval of the following proposals:

  • The election of Mikael Bratt, Laurie Brlas, Jan Carlson, Leif Johansson, Adriana Karaboutis, Franz-Josef Kortüm, Frédéric Lissalde, Xiaozhi Liu, Gustav Lundgren, Martin Lundstedt, and Thaddeus “Ted” Senko as directors of the Board for a one-year term ending at the 2026 AGM;
  • The non-binding, advisory resolution to approve the Company’s 2024 executive compensation for its named executive officers; and
  • The ratification of the appointment of Ernst & Young AB as the Company’s independent auditing firm for the fiscal year ending December 31, 2025.

Committees of the Board

At the Board meeting, the Board approved the membership of its standing committees as follows:

  • Audit and Risk Committee
    Ted Senko (Chair), Laurie Brlas, Adriana Karaboutis, and Gustav Lundgren  
  • Leadership Development and Compensation Committee:
    Frédéric Lissalde (Chair), Leif Johansson, Xiaozhi Liu, and Martin Lundstedt 
  • Nominating and Corporate Governance Committee
    Leif Johansson (Chair), Laurie Brlas, Franz-Josef Kortüm, and Frédéric Lissalde

Chairman
The Board resolved that Jan Carlson continues to serve as the Chairman of the Board.

Inquiries:  

Investors & Analysts: Anders Trapp, Tel +46 (0)8 587 206 71

Investors & Analysts: Henrik Kaar, Tel +46 (0)8 587 206 14

Media: Gabriella Etemad, Tel +46 (70) 612 64 24

About Autoliv

Autoliv, Inc. (NYSE: ALV; Nasdaq Stockholm: ALIV.sdb) is the worldwide leader in automotive safety systems. Through our group companies, we develop, manufacture and market protective systems, such as airbags, seatbelts, and steering wheels for all major automotive manufacturers in the world as well as mobility safety solutions, such as pedestrian protection, connected safety services and safety solutions for riders of powered two wheelers. At Autoliv, we challenge and re-define the standards of mobility safety to sustainably deliver leading solutions. In 2024, our products saved close to 37,000 lives and reduced more than 600,000 injuries.

We have operations in 25 countries, and we drive innovation, research, and development at our 13 technical centers. Our 65,000 employees are passionate about our vision of Saving More Lives and quality is at the heart of everything we do. Sales in 2024 amounted to $10.4 billion. For more information go to  www.autoliv.com

Safe Harbor Statement

This report contains statements that are not historical facts but rather forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Such forward-looking statements include those that address activities, events or developments that Autoliv, Inc. or its management believes or anticipates may occur in the future. All forward-looking statements are based upon our current expectations, various assumptions and data available from third parties. Our expectations and assumptions are expressed in good faith and we believe there is a reasonable basis for them. However, there can be no assurance that such forward-looking statements will materialize or prove to be correct as forward-looking statements are inherently subject to known and unknown risks, uncertainties and other factors which may cause actual future results, performance or achievements to differ materially from the future results, performance or achievements expressed in or implied by such forward-looking statements. Numerous risks, uncertainties and other factors may cause actual results to differ materially from those set out in the forward-looking statements, including general economic conditions and fluctuations in the global automotive market. For any forward-looking statements contained in this or any other document, we claim the protection of the safe harbor for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we assume no obligation to update publicly or revise any such statements in light of new information or future events, except as required by law. 

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

https://news.cision.com/autoliv/r/autoliv-announces-results-of-2025-annual-stockholders-meeting,c4147830

The following files are available for download:

Dogness Announces Entry into US$6.0 Million Private Placement

DONGGUAN, China and PLANO, Texas, May 9, 2025 /PRNewswire/ — Dogness (International) Corporation (“Dogness” or the “Company”) (NASDAQ: DOGZ), a developer and manufacturer of a comprehensive line of Dogness-branded, OEM and private label pet products, today announced that it entered into a private placement transaction (the “Private Placement”) for US$6.0 million in gross proceeds, from the sale of 1,200,000 of the Company’s Class A common shares (the “Shares”) for US$5.00 per Share.

The Shares are being sold to certain non-U.S. purchasers (the “Purchasers”) in a transaction exempt from registration under the Securities Act of 1933, as amended, in reliance on Regulation S thereunder. Each of the Purchasers understands that the Shares have not been registered under the Securities Act and such Purchasers may not sell or otherwise dispose of the Shares without registration under the Securities Act and under applicable state securities or “Blue Sky” laws, or pursuant to an exemption therefrom. Closing of the Private Placement is subject to customary closing conditions.

This press release shall not constitute an offer to sell or the solicitation of an offer to buy nor shall there be any sale of the Shares in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of any such state or jurisdiction.

About Dogness

Dogness (International) Corporation was founded in 2003 from the belief that dogs and cats are important, well-loved family members. Through its smart products, hygiene products, health and wellness products, and leash products, Dogness’ technology simplifies pet lifestyles and enhances the relationship between pets and pet caregivers. The Company ensures industry-leading quality through its fully integrated vertical supply chain and world-class research and development capabilities, which has resulted in over 200 patents and patents pending. Dogness products reach families worldwide through global chain stores and distributors. For more information, please visit: ir.dogness.com.

Forward Looking Statements

No statement made in this press release should be interpreted as an offer to purchase or sell any security. Such an offer can only be made in accordance with the Securities Act of 1933, as amended, and applicable state securities laws. Certain statements in this press release concerning our future growth prospects are forward-looking statements regarding our future business expectations intended to qualify for the “safe harbor” under the Private Securities Litigation Reform Act of 1995, which involve a number of risks and uncertainties that could cause actual results to differ materially from those in such forward-looking statements. The risks and uncertainties relating to these statements include, but are not limited to, risks and uncertainties regarding lingering effects of the Covid-19 pandemic on our customers’ businesses and end purchasers’ disposable income, our ability to raise capital on any particular terms, fulfillment of customer orders, fluctuations in earnings, fluctuations in foreign exchange rates, our ability to manage growth, our ability to realize revenue from expanded operation and acquired assets in China and the U.S., our ability to attract and retain highly skilled professionals, client concentration, industry segment concentration, reduced demand for technology in our key focus areas, our ability to successfully complete and integrate potential acquisitions, and unauthorized use of our intellectual property and general economic conditions affecting our industry. Additional risks that could affect our future operating results are more fully described in our United States Securities and Exchange Commission filings. These filings are available at www.sec.gov. Dogness may, from time to time, make additional written and oral forward-looking statements, including statements contained in the Company’s filings with the Securities and Exchange Commission and our reports to shareholders. In addition, please note that any forward-looking statements contained herein are based on assumptions that we believe to be reasonable as of the date of this press release. The Company does not undertake to update any forward-looking statements that may be made from time to time by or on behalf of the Company unless it is required by law.

For investor and media inquiries, please contact:

Wealth Financial Services LLC
Connie Kang, Partner
Email: ckang@wealthfsllc.com
Tel: +86 1381 185 7742 (CN)

Global IBO Group Ltd. a Unique and Integrated AIGC Animation Streaming Platform Announces Closing of Business Combination with Bukit Jalil Global Acquisition 1 Ltd.

HONG KONG, May 9, 2025 /PRNewswire/ — Global IBO Group Ltd. (“GIBO”), a unique and integrated AIGC animation streaming platform and Bukit Jalil Global Acquisition 1 Ltd. (“BUJA”) (NASDAQ: BUJA), a publicly-traded special purpose acquisition company, today announced the closing of their previously announced business combination (the “Business Combination”). The combined company will operate under the name GIBO Holdings Limited (the “Company”), and the Class A ordinary shares and warrants of the Company are expected to commence trading on the Nasdaq Stock Market (“Nasdaq”) under the ticker symbols “GIBO” and “GIBOW,” respectively, on May 9, 2025. The business combination was approved by BUJA shareholders in an Extraordinary General Meeting held on March 31, 2025.

The Business Combination marks a significant milestone that strengthens GIBO’s position in AI-driven content creation, anime streaming, and digital media innovation, marking a transformative era in the entertainment industry.

A Game-Changer in AI-Powered Content

“Today marks a significant milestone in our journey to revolutionize the digital media landscape. It is not just a testament to our achievements, but also a springboard for future growth. We are committed to scaling our AI-powered solutions globally, ensuring that creators everywhere can harness the power of AI to bring their visions to life,” said Dereck Lim, Chairman of the Company.

With over 72 million registered users across Southeast Asia and South Asia, GIBO has become a unique and integrated AIGC animation streaming platform. It offers extensive functionalities for viewers and creators, serving a broad community of young people. Its platform provides AI voice synthesis, AI image generation, scriptwriting and storyboarding, and audio-visual synchronization tools, enabling creators to expand creative possibilities, streamline content production, and create localized, engaging content.

The entertainment industry has seen rapid shifts towards AI-enhanced production. The Company aims to lead by offering fully AI-powered content generation, enabling anime and digital media to reach audiences with unprecedented speed and quality.

Zelt Kueh, CEO of the Company, added, “Our successful listing on Nasdaq is a defining moment for AI-driven entertainment. This achievement not only reflects investor confidence but also signals a paradigm shift in content creation. With this milestone, we are poised to accelerate AI-powered innovation and redefine storytelling for the global audience.”

Advisors

A.G.P./Alliance Global Partners is serving as the exclusive financial advisor to BUJA. Robinson & Cole LLP is serving as the legal advisor to BUJA and DLA Piper UK LLP is serving as the legal advisor to GIBO.

About Global IBO Group Ltd.

Global IBO Group Ltd. is a unique and integrated AIGC animation streaming platform with extensive functionalities provided to both viewers and creators that serves a broad community of young people across Asia to create, publish, share and enjoy AI-generated animation video content. With over 72 million registered users and advanced AI-powered tools, GIBO seeks to redefine the landscape of digital content creation. Following its successful Business Combination and Nasdaq listing, the Company aims to lead the industry in AI-driven entertainment innovation.

About Bukit Jalil Global Acquisition 1 Ltd.

Bukit Jalil Global Acquisition 1 Ltd. is a blank check company, formed for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, recapitalization, reorganization or similar business combination with one or more businesses or entities.

Forward-Looking Statements

This press release includes “forward-looking statements” within the meaning of the “safe harbor” provisions of the United States Private Securities Litigation Reform Act of 1995. Forward-looking statements may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements also include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the Company’s ability to scale and grow its business, the Company’s advantages and expected growth, the Company’s ability to source and retain talent, and the Company’s cash position following closing of the Business Combination, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of the Company’s management and are not predictions of actual performance. These statements involve risks, uncertainties and other factors that may cause the Company’s actual results, levels of activity, performance, or achievements to be materially different from those expressed or implied by these forward-looking statements. Although the Company believes that it has a reasonable basis for each forward-looking statement contained in this press release, the Company cautions you that these statements are based on a combination of facts and factors currently known and projections of the future, which are inherently uncertain. The forward-looking statements in this press release represent the views of the Company as of the date of this press release. Subsequent events and developments may cause those views to change. Except as may be required by law, the Company does not undertake any duty to update these forward-looking statements.

Contact Information

Investor Relations:
Bill Zima
ICR, Inc.
William.zima@icrinc.com 

Media Relations:
Edmond Lococo
ICR, Inc.
Edmond.Lococo@icrinc.com 

IMTE Announces Receipt of Deficiency Letter from Nasdaq

NEW YORK, May 9, 2025 /PRNewswire/ — Integrated Media Technology Limited (NASDAQ: IMTE) (“IMTE” or the “Company”), an Australia company that is engaged in the businesses of the trading in Halal products, the manufacture and sale of nano coated plates for filters, and the manufacturing and sale of electronic glass, today announced that it has received notification letter dated May 2, 2025 (the “Deficiency Letter”) from the Listing Qualifications Department of The Nasdaq Stock Market Inc. (the “Nasdaq”) notifying that the Company is no longer in compliance with the Nasdaq Listing Rule 5250(c)(1) for continued listing due to its failure to timely file its annual report on Form 20-F for the year ended December 31, 2024 (the “Annual Report”) with the U.S. Securities and Exchange Commission.

Under the Nasdaq Listing Rule 5810(c)(2)(F)(i), the Company has until July 2, 2025 (that is, 60 calendar days from the date of the Deficiency Letter) to submit to Nasdaq a plan (the “Compliance Plan”) to regain compliance with the Nasdaq Listing Rules. The Company intends to submit the Compliance Plan as soon as practicable.

Under the Nasdaq Listing Rule 5810(c)(2)(F)(ii), if Nasdaq accepts the Compliance Plan, Nasdaq can grant the Company an exception until October 29, 2025 (that is, up to 180 calendar days from the extended due date of the Annual Report) to regain compliance. The Company’s independent registered public accounting firm will require additional time to conduct an audit of the Company’s financial statements for the year ended December 31, 2024. The Company intends to file the Annual Report as soon as practicable.

The Deficiency Letter has no immediate impact on the listing of the Company’s ordinary shares on the Nasdaq Capital Market.

This announcement is made in compliance with the Nasdaq Listing Rule 5810(b), which requires prompt disclosure of receipt of a notification of deficiency.

About Integrated Media Technology Limited (“IMTE”)

IMTE is an Australian company engaged in the businesses of the trading in Halal products, the manufacture and sale of nano coated plates for filters, and the manufacturing and sale of electronic glass. For more information, please visit www.imtechltd.com.

Safe Harbor Statement

This press release contains forward-looking statements within the meaning of Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934, including those regarding IMTE’s expectations, intentions, strategies, and beliefs pertaining to future events or future financial performance. Actual events or results may differ materially from those in the forward-looking statements because of various important factors, including those described in the Company’s most recent filings with the SEC. IMTE assumes no obligation to update publicly any such forward-looking statements, whether because of new information, future events or otherwise. For a more complete description of the risks that could cause our actual results to differ from our current expectations, please see the sections entitled but not limited to, “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Risk Factors” in IMTE’s annual reports on Form 20-F and interim reports on Form 6-K filed with the SEC, as such factors may be updated from time to time in IMTE’s periodic filings with the SEC, which are accessible on the SEC’s website at www.sec.gov and at www.imtechltd.com.

Study Without Studying: LoveStudy AI’s New Podcast Generator Making Learning Effortless, Accessible, and Memorable

SHERIDAN, Wyo., May 9, 2025 /PRNewswire/ — LoveStudy AI, a pioneer in educational technology, is proud to announce the launch of its innovative AI Podcast Generator, a groundbreaking tool that transforms the way people learn.

Transform Study Materials Into Engaging Audio

In today’s fast-paced world, learning on the go has become essential. LoveStudy AI’s Podcast Generator meets this need by converting study materials like PDFs, TXT, and DOCX files into engaging podcasts with a single click. What sets this tool apart is its interactive dual-dialogue format, creating dynamic conversations between two voices that transform dry, complex materials into vibrant, easy-to-digest content. With support for multiple languages and diverse voice options, the platform ensures global accessibility and a personalized experience.

Advanced AI Technology Enhances Learning and Retention

Powered by sophisticated AI, the generator intelligently analyzes content, extracting key information and transforming dense academic material into conversational dialogues. Studies confirm that this auditory learning approach substantially improves memory retention compared to traditional methods. Students naturally absorb information without the mental fatigue of rote memorization, simply by listening to concepts repeatedly during otherwise idle moments.

‘Our AI Podcast Generator marks a fundamental shift in how students engage with educational content,’ said Jeffrey Jou, CEO of LoveStudy AI. ‘By transforming static, often tedious text into dynamic, entertaining conversations, we’re helping learners worldwide maximize their study time while making the learning process genuinely enjoyable.’

Benefits for Students and Educators

Students can seamlessly incorporate learning into busy schedules by listening to engaging materials during commutes or workouts. Educators find the tool invaluable for accommodating diverse learning styles and boosting engagement.

‘Since discovering LoveStudy AI’s podcast feature, I’ve reclaimed countless fragments of time for learning,’ said Jane Smith, a university student from Boston. ‘After casually listening to concepts during my daily routines, I find I’ve internalized the material without any conscious effort to memorize it.’

The LoveStudy AI’s Podcast Generator is completely free with no registration required. To experience this revolutionary learning tool firsthand, visit https://lovestudy.ai/podcast.

About LoveStudy AI

Founded in 2025 and headquartered in the United States, LoveStudy AI is a cutting-edge edtech company that leverages artificial intelligence to revolutionize learning. With a mission to make education more accessible and effective for all, its comprehensive platform also offers other powerful tools like AI Notes, AI Quiz, and AI Flashcards, empowering students globally to study more efficiently.

Media Contact:

Lisa Brown
PR Manager, LoveStudy AI
Phone: +1 307-533-2034
Email: support@lovestudy.ai

VinFast signs new dealer agreements in France and Germany, further expands dealership network in Europe


PARIS, FRANCE – Media OutReach Newswire – 9 May 2025 – VinFast today announced the signing of a dealership agreement with ASTRADA SIMVA, its first official dealer partner in France, and Schachtschneider Automobile GmbH & Co KG, its second dealer in Germany. This marks a significant milestone in VinFast’s strategy to accelerate its sales model through dealerships globally, while reaffirming the Company’s strong commitment to driving the green transition in Europe.

The VF 6 electric car model has been launched in Europe.
The VF 6 electric car model has been launched in Europe.

As VinFast’s first official authorized dealership in France, ASTRADA SIMVA will operate one VinFast showroom located in Aix-en-Provence. The showroom is expected to be operational starting in June 2025.

Meanwhile, Schachtschneider Automobile GmbH & Co KG will establish three authorized VinFast dealer showrooms. Previously, VinFast successfully signed a cooperation agreement with the dealership Autohaus Hübsch in Germany and opened two showrooms in the market, offering a comprehensive customer experience.

At all VinFast dealer showrooms operated by ASTRADA SIMVA and Schachtschneider Automobile, European consumers will be able to explore, test drive, and purchase the VinFast VF 6 (B-segment) and VinFast VF 8 (D-segment), along with access to genuine after-sales service, warranty, and parts.

Throughout the entire partnership, VinFast is committed to providing maximum support to its authorized dealerships through in-depth personnel training, equipping staff with robust product knowledge and maintenance/repair procedures, ensuring maximum peace of mind for customers.

This collaboration with reputable European dealerships is part of VinFast’s strategy to develop an enhanced global dealership network, and is currently being implemented in Germany and the Netherlands. This strategy aims not only to optimize operational efficiency and increase brand reach but also to rapidly address the growing demands of customers.

Mr. Renzo Schachtschneider, General Manager/Owner of Schachtschneider Automobile, shared: “We are proud to partner with VinFast, standing alongside this Vietnamese brand in driving the global green revolution. With a strong belief in the potential of electric vehicles and VinFast’s prospects in the European market, we are committed to contributing value to achieve mutually beneficial collaboration, delivering leading products and services to consumers.”

Mr. Chris Durand, CEO of ASTRADA SIMVA, added: “We are proud to collaborate with VinFast, an innovative and fast-growing EV brand. Bringing the VF 6 and VF 8 models to Aix-en-Provence presents a great opportunity to diversify our offerings and give our customers exciting new choices. The arrival of stylish, quiet, and emission-free vehicles will enhance life in a region that is celebrated for its harmonious blend of tradition and modernity.”

Ms. Thuy Le, Chairwoman of VinFast, shared: “By partnering with ASTRADA SIMVA and Schachtschneider Automobile GmbH & Co KG, VinFast is taking further steps to transition to a full dealer franchise model in Europe, reaffirming our commitment to this significant market. By capitalizing on their established reputation, inherent capabilities, existing infrastructure, and comprehensive understanding of local markets, we are committed to achieving effective expansion across European markets with a focus on long-term sustainable growth.”

VinFast remains committed to growing its dealer and distributor network across France, Germany, and the Netherlands, and to expanding in other European markets, while simultaneously expanding its range of smart electric vehicles, reinforcing its long-term commitment to European consumers.

Furthermore, to ensure a seamless experience and provide peace of mind for customers, VinFast has partnered with after-sales service providers, leveraging 22 dedicated technical centers across Europe, including 8 in Germany, 12 in France, and 2 in the Netherlands.

Customers can also access a network of authorized service workshops provided by VinFast’s partners, which includes ATU in Germany, Norauto in France, and LKQ in the Netherlands. VinFast has also collaborated with Fixico in these three markets to offer professional body and paint services to customers.

Globally, VinFast has rapidly expanded its global presence in potential markets through a dealership business model including Indonesia, the Philippines, India, and the Middle East. With a diverse product lineup ranging from the mini-SUV VF 3 to the full-size VF 9, VinFast has become the top-selling car brand in Vietnam and surpassed global sales targets in 2024, laying a solid foundation for sustainable long-term growth.

Hashtag: #VinFast

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

About VinFast

VinFast (NASDAQ: VFS), a subsidiary of Vingroup JSC, one of Vietnam’s largest conglomerates, is a pure-play electric vehicle (“EV”) manufacturer with the mission of making EVs accessible to everyone. VinFast’s product lineup today includes a wide range of electric SUVs, e-scooters, and e-buses. VinFast is currently embarking on its next growth phase through rapid expansion of its distribution and dealership network globally and increasing its manufacturing capacities with a focus on key markets across North America, Europe and Asia. Learn more at:

PELOTON and INNOVA Join Forces to Deliver Real-Time Drilling Data Anywhere, Anytime

Unified drilling data delivered across the well lifecycle, optimizing operations and accelerating real-time decision making.

CALGARY, AB, May 9, 2025 /PRNewswire/ — Peloton, the energy industry’s leading provider of well, production and land data management software, and Innova, the industry’s leading provider of directional drilling software, today announced a strategic partnership that provides live, bi-directional data sharing for the energy sector.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/peloton-computer/9272251-en-peloton-and-innova-join-forces-to-deliver-real-time-drilling-data 

This joint solution drives automation and provides a single source of truth for survey, BHA, and well-planning data, empowering operators and service companies to make faster, higher-confidence decisions—without sacrificing production targets or HSE standards.

Why Peloton Innova for real-time drilling?

  • Secure Access via Peloton’s Platform – Analyze real-time drilling data in a dedicated, always-connected app—out of the box, effortless deployment.
  • Definitive Survey Data in Real Time – Corrected inclination and azimuth measurements feed directly from the rig as drilling progresses.
  • Bi-Directional BHA & Well-Plan Sync – Seamless automation of BHA configurations and planned trajectories for consistent planning and execution.
  • NPT & Time-Log Integration – Capture live drilling NPT events and root-cause analysis, driving performance excellence.
  • Unified Naming & Header Data – Standardized operator conventions across vendors to maintain data integrity and automation.

“Real-time drilling analytics drive success. With Peloton Innova, we automate the delivery of live, validated data that can be trusted. Business teams can now focus on execution, not data entry,” said Michael Kuhn, President, Peloton.

“By delivering our real-time drilling solution directly into Peloton’s Platform, we’re closing the loop between rig and office in a way custom integrations never could,” noted Bruce Ripley, Chief Operating Officer, Innova.

By delivering a unified, real-time view of drilling operations, the Peloton Innova solution redefines how the industry collaborates, plans, and executes business directives. As operators face increasing pressure to deliver optimal wells with reduced resources and increased efficiency, this real-time drilling solution sets the global standard for performance and success. For more information, visit https://www.peloton.com/peloton-innova-partnership.

About Peloton

Peloton is a leading provider of innovative technology solutions for the energy industry, offering solutions to optimize operations and enhance productivity. With a focus on security, mobility, integration, automation, and real-time monitoring, Peloton powers energy clients to thrive in an ever-evolving landscape.

About Innova

Innova is a leading provider of advanced software solutions for the drilling industry, delivering an integrated platform engineered to optimize the drilling process – from planning through to execution and post-well analysis. The Innova platform combines real-time data acquisition, directional guidance, workflow automation, and analytics into a unified system, enabling drilling teams to maximize efficiency, reduce risk, and enhance decision-making across the drilling lifecycle.