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Arclin Completes Acquisition of The Willamette Valley Company, Strengthening Materials Science Portfolio & Expanding Global Presence

ALPHARETTA, Ga., Feb. 3, 2026 /PRNewswire/ — Arclin, a leading material science company, today announced the official completion of its acquisition of The Willamette Valley Company (“WVCO”), a manufacturer and distributor of a wide variety of custom products and services in the wood products, railroad, concrete repair, transportation, infrastructure, and consumer products segments.

“We have long admired WVCO’s deep technical expertise, customer focus, and commitment to quality—values that resonate deeply with the team at Arclin,” said Bradley Bolduc, Arclin’s CEO. “This acquisition enables us to better serve our customers in new industries where our combined capabilities will have an immediate impact. This is an exciting step forward for our team members and the customers who rely on us.”

Adding eight manufacturing and research and development facilities and ~540 team members to Arclin’s global footprint, the acquisition accelerates Arclin’s ongoing strategy to expand its materials science capabilities and deliver advanced solutions that improve performance, reliability, and sustainability across a wide range of applications.

“Collaborating alongside The Willamette Valley Company’s talented team and integrating our well‑paired technologies opens the door to significant innovation,” said Mark Glaspey, President of Arclin. “Together, we are uniquely positioned to advance next‑generation chemistries, mission‑critical solutions, and application technologies that will raise the bar across industries. This acquisition strengthens our ability to solve complex challenges and deliver meaningful value to customers around the world.”

“WVCO’s legacy is built on technical ingenuity and a willingness to take on tough challenges,” said John Murray, President and CEO of The Willamette Valley Company. “Joining Arclin amplifies that spirit. Together, we’ll shape the next generation of materials and unlock new opportunities for our teams and the industries we serve.”

With the acquisition now complete, both organizations will begin integration planning while maintaining business continuity for customers and suppliers.

About Arclin

Arclin is a leading materials science company and manufacturer of polymer technologies, engineered products and specialized materials for the construction, agriculture, transportation infrastructure, weather & fire protection, pharmaceutical, nutrition, electronics, design and other industries. Headquartered in Alpharetta, Georgia, Arclin has offices and manufacturing facilities throughout the U.S., Canada, U.K., and manufactures for customers worldwide. For more information, visit www.arclin.com.

About The Willamette Valley Company

Founded in 1952, the Willamette Valley Company is an engineered solutions provider specializing in a broad array of chemistry and application systems. WVCO is a multinational corporation that manufactures and distributes a wide variety of custom products and services around the globe. While their roots are in the wood products industry, their expertise and solutions encompass innovative railroad tie repair solutions, concrete repair systems, patching, fillers, adhesives, robotics, engineering and more across dozens of industries. For more information, visit https://wilvaco.com

 

 

Video – https://www.youtube.com/watch?v=QpjnjWMZM_c

ZERO LATENCY VR UNLOCKS THE WORLD OF JUMANJI IN IMMERSIVE VR

The Jumanji universe is set to become Zero Latency VR’s first cinematic blockbuster collaboration.

MELBOURNE, Australia, Feb. 3, 2026 /PRNewswire/ — Zero Latency VR, the undisputed leader in immersive entertainment and the mastermind behind the world’s largest true location-based VR network, has announced an exciting new licensing deal with Sony Pictures to bring the blockbuster Jumanji franchise to its next-generation immersive VR format.

ZERO LATENCY VR UNLOCKS THE WORLD OF JUMANJI IN IMMERSIVE VR
ZERO LATENCY VR UNLOCKS THE WORLD OF JUMANJI IN IMMERSIVE VR

Loved by audiences worldwide for decades, Jumanji is known for its high-stakes adventure, unpredictable worlds, and the kind of group chaos that turns friends into a true team. The next movie in the Jumanji series is set for release in December 2026, making it the perfect time for the adventure series to take on a whole new life in Zero Latency VR’s signature technology, which lets players move untethered through full-scale arenas together, inside the action.

“This is a dream partnership for us. Stepping into the game is a core part of our DNA,” said Tim Ruse, CEO of Zero Latency VR. “Jumanji is funny, intense, and unpredictable, and is built around the concept of shared adventure. It throws a team into a world that demands curiosity and cooperation. That’s exactly what we do best. We can’t wait to bring players into an epic Jumanji experience where every step feels like you’ve entered the game.”

More details about the collaboration will be shared in the future. For now, the game has been set, and the adventure is officially underway, with the experience set to launch at Zero Latency VR locations worldwide in 2026.

ABOUT ZERO LATENCY VR:

Zero Latency VR is the global pioneer in immersive entertainment, pushing the boundaries of what’s possible in location-based experiences. As the largest free-roam VR network on the planet, with 150+ cutting-edge venues across 30 countries, Zero Latency is where thrill-seekers come to live out their wildest fantasies.

ABOUT JUMANJI FILM FRANCHISE

Sony Pictures’ Jumanji film franchise, based on the award-winning children’s book of the same name by Chris Van Allsburg, has taken in over $2 billion at the worldwide box office. Moviegoers were first introduced to the world in 1995 when a mysterious game transports its players to the jungles of Jumanji! The film starred the late Robin Williams, Bonnie Hunt, Kirsten Dunst and Bradley Pierce. Over 20 years later, the adventures continue in the brand-new film Jumanji: Welcome to the Jungle (2017), where the game changed as four teenagers in detention are sucked into the world of Jumanji. When they discover an old video game console with a game they’ve never heard of, they decide to play and are immediately thrust into the game’s jungle setting, in the bodies of the avatar characters they chose (Dwayne Johnson, Jack Black, Kevin Hart, and Karen Gillan). What they discover is that you don’t just play Jumanji – Jumanji plays you. To win, they’ll have to go on the most dangerous adventure of their lives, or they’ll be stuck in the game forever. Following the success of the 2017 film, the gang (Dwayne Johnson, Jack Black, Kevin Hart, and Karen Gillan) is back in Jumanji: The Next Level (2019), but the game has changed. As they return to Jumanji to rescue one of their own, they discover that nothing is as they expect. The players will have to brave parts unknown and unexplored, from the arid deserts to the snowy mountains, in order to escape the world’s most dangerous game. The gang returns once again for the next instalment in the Jumanji series coming out in theaters on December 11, 2026.

Press Contact:

Luke Mitchell
+61 (0) 413614412
luke.mitchell@zerolatencyvr.com

 

 

ECARX Debuts Zenith Computing Platform Powered by Snapdragon Elite Automotive Platform at CES 2026, Showcasing Unified, High-Performance Intelligent Cockpit/ADAS Fusion

ECARX Zenith delivers integrated services on a single SoC, supporting Android 16, Google Automotive Services (GAS) and S-Core open-source middleware, supporting advanced software-defined vehicle architectures

LONDON, Feb. 3, 2026 /PRNewswire/ — ECARX Holdings Inc. (Nasdaq: ECX) (“ECARX” or the “Company”), a global mobility tech provider, debuted a pre-production sample of its Zenith computing platform at CES 2026 in Las Vegas. This innovative and ground-breaking system offers a unified high-performance intelligent cockpit and ADAS architecture, powered by the Snapdragon® Elite (SA8797) platform for automotive from Qualcomm Technologies, Inc. 

This platform reflects the latest progress in the ECARX R&D roadmap, developing a diverse portfolio of solutions to allow seamless customization for automakers for global deployment.

Developed in collaboration with Qualcomm Technologies and leveraging the powerful Qualcomm Oryon™ CPU, Qualcomm® Adreno™ GPU and Qualcomm® Hexagon™ NPU combination, ECARX Zenith showcases the capabilities of the Snapdragon Elite platform for automotive to run mixed-criticality intelligent cockpit and ADAS functionalities simultaneously on a single, high-performance system on chip (SoC). 

The platform demonstration features an immersive, premium-feeling 3D launcher, 5K ultra-high-resolution display, and Google Automotive Services (GAS) ecosystem integration. The Zenith platform shown at CES also offers a safety-critical 3D instrument cluster display built on QNX 8.0, showcasing mixed-criticality platform support, as well as advanced Level 2++ ADAS, built on S-Core open-source middleware in collaboration with Qorix.

Beyond its current configuration, Zenith’s modular design will allow automakers to scale performance based on their tailored capability requirements. The architecture supports additional hardware modules for Level 3+ autonomy and advanced telematics, providing a long-term, upgradeable solution.

ECARX plans to use the Snapdragon Elite platform for automotive to develop a comprehensive portfolio of single-chip and flagship dual-chip integrated solutions. The Zenith computing platform is currently being demonstrated as a sample, with production expected to begin in 2027.

Mr. Ziyu Shen, Chief Executive Officer and Chairman of ECARX, commented, “ECARX has been committed to the development of cutting-edge automotive intelligent technologies since inception. ‌CES provided an opportunity for ECARX and our partners to show not just how our platforms are already delivering value to drivers and automakers in the 10 million+ vehicles on the road worldwide with our technologies, but also the enormous possibilities our innovative R&D roadmap is creating.

“With Qualcomm Technologies’ Snapdragon Elite platform for automotive, we believe the power and modular flexibility of the Zenith computing platform will make it a cornerstone for automakers building the next generation of automotive experiences. We look forward to driving further innovation and new breakthroughs together with our eco-partners on a global scale.”

Qualcomm, Adreno, Hexagon, Qualcomm Oryon and Snapdragon are trademarks or registered trademarks of Qualcomm Incorporated.
Snapdragon, Qualcomm Oryon, Qualcomm Adreno and Qualcomm Hexagon are products of Qualcomm Technologies, Inc. and/or its subsidiaries.

About ECARX

ECARX (Nasdaq: ECX) is a global automotive technology provider with capabilities to deliver turnkey solutions for next–generation smart vehicles, from the system–on–a–chip (SoC) to central computing platforms and software. As automakers develop new vehicle architectures, ECARX is developing full–stack solutions to enhance the user experience while reducing complexity and cost.

Founded in 2017 and listed on the Nasdaq in 2022, ECARX now has over 1,500 employees based in 13 major locations in China, UK, USA, Brazil, Singapore, Malaysia, Sweden and Germany. To date, ECARX products can be found in approximately 10 million vehicles worldwide.

IKEA and Tiny Chef team up in new miniseries to celebrate joyful, plant-rich cooking

MALMÖ, Sweden, Feb. 3, 2026 /PRNewswire/ — Fans of IKEA and Tiny Chef can look forward to a delightful treat this February as three new episodes featuring the beloved stop-motion star will be released between February 2 and 9. This playful collaboration invites everyone into the IKEA kitchen to rediscover the joy of cooking through the Tiny Chef, the charming vegan character known for turning simple meals into moments of happiness.

IKEA Tiny Chef 
IKEA Tiny Chef 

Coinciding with the launch of IKEA’s innovative plant-rich falafel ball, the series celebrates creativity, new possibilities, and everyday joy. It aligns perfectly with IKEA’s 2026 focus on Cooking & Eating, encouraging fun, sustainable, and delicious food experiences at home.

“At IKEA, we believe food brings people together and enriches everyday moments,” says Lorena Lourido Gomez, Global Food Manager at IKEA Retail (Ingka Group). “Serving over 600 million guests annually, we have the privilege and responsibility to make healthier, sustainable food choices accessible and affordable for the many. We are excited to partner with Tiny Chef, showing people that plant-based eating should be joyful, creative, and full of flavour, not just better for the planet. We believe this partnership will bring a smile, while inspiring people to try something new.“

Tiny Chef agrees. “It’s a dweam come twue to pawtner wif mi fwends at Blikea! We bof want to bwing good fwends bland good food to da table. Ash a herbivowr, myself, Bly was sho excited to hep shawr da dewicious fwavor of Blikea’s new fawafel balls wif da whole world! Bly can’t wait to cook up mowr fun togethow wif Blikea!” says Tiny Chef.

The story begins with Tiny Chef visiting an IKEA store in search of a spatula, only to find a job application. What follows is a heartwarming journey as Tiny Chef becomes an ambassador for IKEA’s new falafel balls and joins the restaurant team as a Food Co-worker. At the heart of this collaboration is IKEA’s falafel ball. Made with chickpeas and inspired by IKEA’s iconic meatballs, it offers an affordable, flavourful option to make plant-rich eating familiar and inviting.

1st episode: Tiny Chef Visits

Availability of IKEA’s new plant-rich falafel balls may vary by market.

Nespon Solutions Announces Official Launch of Operations in Brazil

DALLAS, Feb. 2, 2026 /PRNewswire/ — Nespon Solutions, a leader in digital transformation, today announced the formal launch of its operations in Brazil, marking a significant expansion of the company’s presence across Latin America. Operations in Brazil have officially begun on February 2, 2026, under the leadership of Luciano Miyake, who joins Nespon to spearhead market growth, client engagement, and delivery excellence.

This launch reflects Nespon’s continued investment in Latin America, following years of accelerated growth across the region. As part of this expansion, Daniel Mark, President of Latin America, will play pivotal strategic roles in guiding market execution, strengthening partner alliances, and enabling Brazil’s team to scale rapidly. Their deep industry expertise and long–standing leadership in LATAM will support a seamless integration of Brazil into Nespon’s broader regional footprint.

“Brazil represents one of the most dynamic and high–potential enterprise technology markets in the world,” said Umer Fazal, CEO of Nespon Solutions. “Launching operations here reflects our long–term vision for Latin America and our commitment to investing in the region’s talent, ecosystem, and innovation potential. With Luciano leading the country, and Daniel Mark driving our broader regional strategy, I have full confidence that Nespon Brazil will become one of our strongest global operations.”

Nespon’s entry into Brazil builds on its established presence across the Americas, Europe, and Asia, supported by a scalable onshore–nearshore–offshore delivery model known for cost efficiency, quality, and global time–zone coverage. Nespon’s teams hold hundreds of certifications and are recognized for delivering complex transformation programs for enterprise clients across Telecommunications, Financial Services, Insurance, Utilities, and other industries.

“I am honored to lead Nespon’s expansion in Brazil,” said Luciano Miyake. “Nespon’s vision and its track record of excellence strongly resonate with the needs of the Brazilian market. Together, we will build a high–performance operation focused on measurable outcomes, customer success, and long–term growth.”

Nespon Brazil will focus on:

  • Salesforce Implementations
  • Data & AI Transformation Programs
  • Digital Transformation Consulting
  • Software Development & System Integration

The formation of Nespon Brazil aligns with the company’s global strategy to deepen its presence in key high–growth markets while maintaining its commitment to innovation, reliability, and measurable business value.

About Nespon Solutions

Nespon Solutions is a global consulting firm specializing in Salesforce, data, AI, and digital transformation, delivering scalable solutions across North America, South America, Europe, the Middle East, and Asia, with a focus on measurable business results.

Website:https://nespon.com

 

ACROBiosystems Powers Innovation at bioSeedin’s JPM Spotlight, Strategically Supporting Global Partnership Forging

SAN FRANCISCO, Feb. 2, 2026 /PRNewswire/ — On January 11, as the global healthcare industry gathered in San Francisco, the BIOSeedin Winter Innovation Partnering Summit successfully convened ahead of J.P. Morgan 2026. ACROBiosystems, as a key strategic partner, joined hands with multiple enterprises to participate in the event.

Hosted by bioSeedin and centered on the theme “Global Matching of Innovative Assets,” the summit brought together multinational pharmaceuticals, investors, and emerging biotech companies to explore licensing opportunities and globalization strategies for innovative therapeutics. Over 500 delegates from more than ten countries and regions engaged in vibrant discussions, fostering extensive collaborative intentions. The event was also sponsored by Lilly, Roche, and Fangda Partners.

Committed to being a cornerstone of the global biopharmaceutical and healthcare industries by providing innovative products and business models, ACROBiosystems, against the backdrop of a new era defined by “capital + collaboration” in global medical innovation, embraced the brand proposition of “Connecting the world, your partner from discovery to the clinic.” Through this summit, ACROBiosystems aimed to link resources, facilitate strategic partnerships, and empower global innovation.

In parallel with this vision, ACROBiosystems is committed to delivering reliable quality and considerate service.

ACROBiosystems set up a dedicated networking lounge at the summit, conducting in-depth dialogues with global pharmaceutical and biotech pioneers. Discussions focused on the global expansion pathway for locally-developed innovative drugs, addressing critical topics such as license-in/out cooperation, global clinical development, and market access, resulting in efficient and practical resource alignment for mutual value creation.

Industry Spotlight: Global Strategies and Local Innovations

Oncology Session: Panelists highlighted China’s unique advantages in clinical speed, platform iteration, and portfolio strategy, predicting globally competitive innovations in ADC, TCE, and novel cell/gene therapies in the coming years.

Cardio-Renal-Metabolic Session: Experts emphasized de-risking clinical trials and recognized small biotech as the core driver of innovation, with MNCs leveraging distinct advantages in the cardiovascular market.

Autoimmune Session: Discussions centered on betting on FIC targets, with insights on smarter deal structures, regional stratification, and global coordination to accelerate value delivery.

The sessions featured senior leaders from leading global pharmaceutical companies, investment firms, and biotech organizations as moderators and panelists, including representatives from Pfizer, Roche, AbbVie, Daiichi-Sankyo, Takeda, bioSeedin, Bayer, Hengrui Pharma, RA Capital Management, Pacific Bridge NY, Hansoh Pharma, GSK, Boehringer Ingelheim, PIVOTAL BIOVENTURE PARTNERS, and Fangda Partners.

Companies including Adagene, EpimAb Biotherapeutics, Excalipoint Therapeutics, Convalife Pharmaceuticals, Innovative Cellular Therapeutics, Huaota Biopharmaceutical, Leads Biolabs, Youcare Pharmaceutical, Sciwind Biosciences, HighTide Therapeutics, Sirius Therapeutics, Alphamab, ImmuneOnco Biopharmaceuticals, Genrix Biopharmaceutical, Mabwell Bioscience, VelaVigo Bio, and Degron Therapeutics presented pipelines covering antibodies, bispecifics, TCE, ADC, molecular glues, the neuro-metabolic field, and more, drawing keen interest from attendees.

About ACROBiosystems Group

ACROBiosystems Group, founded in 2010 and listed in 2021, is a biotechnology company aimed at being a cornerstone of the global biopharmaceutical and healthcare industries by providing innovative products and business models. The company spans across the globe and maintains offices, R&D centers, and production bases in more than 15 different cities within the United States, Switzerland, the United Kingdom and Germany. ACROBiosystems Group has established numerous long-term and stable partnerships with the world’s top pharmaceutical enterprises, including Pfizer, Novartis, and Johnson & Johnson, and numerous well-known academic institutes. The company comprises several subsidiaries such as ACROBiosystems, bioSeedin, Condense Capital, and ACRODiagnostics.

ACROBiosystems’ brands include Resilient Supply, CytoPak, SAFENSURE, FLAG, Star Staining, Aneuro, ComboX, GENPower and many others. Its main products and services are recombinant proteins, kits, antibodies, scientific services, and other related products. ACROBiosystems employs a strict quality control system for its products that are used in biopharmaceutical research and development, production, and clinical application. This includes targeted discovery and validation, candidate drug screening/optimization, CMC development and pilot production, preclinical research, clinical trials, commercial production, and clinical application of companion diagnostics.

Through the continuous development of new technologies and products, ACROBiosystems Group creates value for the global pharmaceutical industry and actively empowers our partners. The company is dedicated to accelerating the drug development process, including targeted therapies, immunotherapeutic drugs, and their clinical applications, and contributes to global health.

 

GTIA Announces $5 Million Charitable Giving Commitment for 2026

Members Help Power a More Than 160% Increase Over 2025 Giving

OAKBROOK TERRACE, Ill., Feb. 2, 2026 /PRNewswire/ — The Global Technology Industry Association (GTIA) today announced a major expansion of its charitable investments, approving $5 million in giving for 2026—an increase of more than 160% over the $1.9 million contributed in 2025, made possible by the collective strength, engagement and leadership of GTIA’s global member community.This commitment is funded through GTIA’s endowment and investment income and reflects the long-‑term value and impact of membership within the association.

In 2025, GTIA members played a central role in shaping and delivering $1.9 million and supporting a total of 45 nonprofits worldwide. Building on that momentum, GTIA’s 2026 expansion highlights how meaningful and influential membership is to the association’s mission and reach.

“Our members make this possible,” said Kelly Ricker, COO of GTIA. “Our $5 million commitment for 2026 is a direct reflection of the passion, priorities and leadership of our member community. They drive our mission forward, shape where and how we give, and ensure our investments create a lasting impact. This is the power of membership—when we act together, our reach and influence grow exponentially.”

In 2025, GTIA’s giving supported a broad network of nonprofits advancing digital equity, STEM education, broadband access, AI-enabled learning and community development. These investments were guided by member voices and delivered through expanded programs including member‑-directed global giving, host‑-‑city engagement and GTIA’s new grantmaking initiative.

The focus on giving will continue and grow in 2026, with members playing an even bigger role in shaping priorities and directing impact. Additional announcements will be made at GTIA’s Communities & Councils Forum taking place March 10-12 in Chicago.

“Last year, our members helped craft a giving strategy that reached across continents and delivered measurable outcomes for communities,” Ricker added. “By increasing our giving by more than 160% this year, we’re not only scaling our impact—we’re elevating the meaning and value of belonging to GTIA. Membership isn’t just a connection to the IT channel; it’s a force for good.”

GTIA’s commitment to philanthropy is strengthened by its long-term endowment strategy, ensuring sustainable, member‑-guided giving for years to come. As the association enters 2026, GTIA’s members remain at the heart of its mission: advancing equitable access to technology, supporting community innovation‑ and driving meaningful change worldwide.

About the Global Technology Industry Association
The Global Technology Industry Association (GTIA) is the only vendor-neutral, 501(c)(6) nonprofit membership community connecting and representing the worldwide IT channel. We set our members up for success by providing benefits that include trusted resources and networking opportunities. In addition, the association sets industry standards that enable companies to build sustainable, secure and profitable businesses in an ever-changing technology landscape. Internationally, GTIA represents hundreds of thousands of professionals from more than 2,400 ITSPs, vendors, distributors and other companies serving the IT channel. GTIA was formerly known as the CompTIA Community (the membership arm of CompTIA). For more information, visit gtia.org. For more information about GTIA’s giving programs, visit gtia.org/giving.

 

Elong Power Holding Limited Announces Pricing of US$7.6 Million Public Offering

BEIJING, Feb. 2, 2026 /PRNewswire/ — Elong Power Holding Limited (Nasdaq: ELPW) (“Elong Power” or the “Company”), a provider of high power battery technologies for commercial and specialty alternative energy vehicles and energy storage systems, today announced the pricing of its underwritten public offering (the “Offering”) of 2,400,000 Units on a firm commitment basis, at a price of US$3.16 per Unit. Each Unit consists of one Class A ordinary share, par value of US$0.00016 per share (each a “Class A Ordinary Share”), of the Company (or one pre-funded warrant (each a “Pre-Funded Warrant”) to purchase one Class A Ordinary Share in lieu thereof) and one common warrant (each a “Common Warrant”) to purchase one Class A Ordinary Share. Gross proceeds to the Company, before deducting underwriting discounts and other offering expenses, are expected to be approximately US$7.6million.

Each Common Warrant will expire three years from the date of issuance, and is exercisable immediately on the date of issuance at an exercise price of US$3.16 per share, subject to adjustment on the 4th and 8th trading days following the closing of this Offering to the price that is equal to 70% and 50%, respectively, of the initial exercise price of the Common Warrants, and the number of Class A Ordinary Shares underlying the Common Warrants will be proportionately increased. The Common Warrants may, at any time following the closing of this Offering and in the holders’ sole discretion, be exercised in whole or in part by means of a zero exercise price option, in which the holders will receive twice the number of Class A Ordinary Shares that would be issuable upon a cash exercise of the Common Warrant, without payment of additional consideration.

The Offering is expected to close on February 3, 2026, subject to customary closing conditions. The Company intends to use the proceeds from the Offering for 1) general corporate purposes and working capital, 2) sales network expansion, including the hiring of sale personnel and the development of regional sales channels, and 3) expansion of production and capacity, including new equipment and upgrades to its manufacturing facilities.

The Company has granted the underwriters a 45-day option to purchase up to an additional 360,000 Class A Ordinary Shares and/or additional 360,000 Common Warrants, at its respective public offering price less underwriting discounts and commissions.

Maxim Group LLC is acting as the exclusive underwriter. Ortoli Rosenstadt LLP is acting as U.S. securities counsel to the Company, and Pryor Cashman LLP is acting as U.S. securities counsel to the underwriter, in connection with the Offering.

A registration statement on F-1 (File No. 333-292937) was filed with the U.S. Securities and Exchange Commission (“SEC”) and was declared effective by the SEC on January 29, 2026. The Offering is being made only by means of a prospectus forming part of the effective registration statement. A final prospectus relating to the Offering will be filed with the SEC and will be available on the SEC’s website at www.sec.gov.

This press release has been prepared for informational purposes only and shall not constitute an offer to sell or the solicitation of an offer to buy any securities, and no sale of these securities may be made 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 other jurisdiction.

About Elong Power

Elong Power Holding Limited, a Cayman Islands exempted company, is committed to the research and development, manufacturing, sales and service of high-power lithium-ion batteries for electric vehicles and construction machinery, as well as large-capacity, long-cycle lithium-ion batteries for energy storage systems. Elong Power is led by Ms. Xiaodan Liu, Elong Power’s Chairwoman and CEO.

Elong Power has a comprehensive product and technology system that includes battery cells, modules, system integration, and battery management system development, based on high-power lithium-ion batteries and battery system products for long-cycle energy storage devices. Elong Power offers advanced energy applications and full life cycle services. Its product portfolio includes products utilizing lithium manganese oxide and lithium iron phosphate, among others, to meet the needs of high-power applications and energy storage applications in various scenarios.

Forward-looking Statements

This press release may contain “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 statements regarding the benefits of the transaction, the anticipated timing of the transaction, the products offered by Elong Power and the markets in which it operates, and Elong Power’s projected future results. These forward-looking statements generally are identified by the words “believe,” “project,” “expect,” “anticipate,” “estimate,” “intend,” “strategy,” “future,” “opportunity,” “plan,” “may,” “should,” “will,” “would,” “will be,” “will continue,” “will likely result,” and similar expressions. Forward-looking statements are predictions, projections and other statements about future events that are based on current expectations and assumptions and, as a result, are subject to risks and uncertainties. Many factors could cause actual future events to differ materially from the forward-looking statements in this document, including, but not limited to: the ability of Elong Power to maintain the listing of its securities on Nasdaq; the fact that the price of Elong Power’s securities may be volatile due to a variety of factors, including changes in the competitive and highly regulated industries in which Elong Power operates; variations in performance across competitors; changes in laws and regulations affecting Elong Power’s business and changes in its capital structure; the ability to implement business plans, meet forecasts and other expectations; its need for substantial additional funds; the parties’ dependence on third-party suppliers; risks relating to the results of research and development activities, market and other conditions; its ability to attract, integrate, and retain key personnel; risks related to its growth strategy; risks related to patent and intellectual property matters; and the ability to obtain, perform under and maintain financing and strategic agreements and relationships. Accordingly, these forward-looking statements do not constitute guarantees of future performance, and you are cautioned not to place undue reliance on these forward-looking statements. Risks regarding Elong Power’s business are described in detail in Elong Power’s SEC filings which are available on the SEC’s website at www.sec.gov, including in Elong Power’s Annual Report on Form 20-F and Elong Power’s subsequent filings with the SEC. These forward-looking statements speak only as of the date hereof, and Elong Power expressly disclaims any obligation or undertaking to release publicly any updates or revisions to any forward-looking statements contained herein to reflect any change in our expectations or any changes in events, conditions, or circumstances on which any such statement is based, except as required by law.

For investor and media inquiries, please contact:

Elong Power Investor Contact
ir@elongpower.com