Home Blog Page 1918

Global Times: China’s financial services empower tech innovations, injecting momentum to real economy: Financial Street Forum participants

BEIJING, Oct. 30, 2025 /PRNewswire/ — Financial resources will focus on intelligent, green and integrated directions, support the upgrading of traditional industries and promote the growth of emerging and future industries, Li Yunze, head of China’s National Financial Regulatory Administration (NFRA), said at the opening ceremony of the Annual Conference of Financial Street Forum (FSF) 2025 on Monday, sending a fresh signal of the country’s financial support for innovations. 

The NFRA will promote sustained, healthy economic and social development by enabling the financial sector to better serve the real economy, by strengthening the momentum and vitality of the financial sector via reform and opening-up, and by balancing financial development and security more effectively, Li said. 

Currently, a new round of technological revolution is accelerating worldwide, with emerging industries such as artificial intelligence (AI) and humanoid robotics witnessing rapid development. Against this backdrop, how finance can empower technological innovations and contribute to the real economy has become central.

At the FSF in Beijing from Monday to Thursday under the theme of “Global Financial Development in an Era of Innovation, Transformation and Restructuring,” participants conducted in-depth discussions over financial support for economic high-quality development.

Bridging financial & innovation

The forum helps enterprises achieve technological breakthroughs and enhance core competitiveness through financial support, thereby accelerating upgrading of China’s industrial chains, Shen Yan, a deputy head of the Institute of Digital Finance at Peking University, told the Global Times.

Looking ahead, China’s financial sector should continue to follow the principle of serving the real economy, Shen said. First, capital should be allocated to sectors and industries that are of strategic importance to the nation’s development and transformation. Second, markets and technological infrastructure should be better utilized to reduce transaction and risk costs and to advance digital finance. Third, preventing and containing risks is a central focus of financial work, according to Shen.

Hangzhou-based startup Zhejiang Lianxin Technology Co Ltd, an AI-driven mental-health startup, has developed more than 280 intellectual property rights and represents the new wave of specialized, innovative tech enterprises.

Previously, asset-light small and medium-sized tech firms struggled to obtain bank financing due to a lack of collateral. However, the Bank of Communications recently provided 10 million yuan ($1.41 million) in credit support to the startup company for digital asset collateralization, which marks the first such financing in the AI field in Zhejiang Province, according to a press release the bank sent to the Global Times recently.

This case reflects broader, intensified financial support for the real economy. The quality and effectiveness of financial services for the real economy has been enhanced significantly during the 14th Five-Year Plan period (2021-25), with the annual average growth rate of loans for tech small and medium-sized firms, inclusive loans to micro businesses, and green credit all grew by more than 20 percent annually, official data showed.

As the tech sector expands rapidly, over 90 percent of newly-listed enterprises are tech firms or tech-heavy enterprises, and the market valuation of tech companies in the A-share market accounts for more than a quarter of the total market capitalization, official data showed.

Tech growth – from research and development (R&D) to commercialization – depends heavily on sustained financial support. Yang Delong, chief economist at Shenzhen-based First Seafront Fund, told the Global Times on Tuesday that emerging industries such as humanoid robotics remain largely in the lab-to-market stage, and sustained and highly efficient financial support will play an important role in encouraging startups to strengthen R&D and upgrade industrial structures.

Systemic policy support

Pan Gongsheng, governor of the People’s Bank of China (PBC), said at the same opening ceremony on Monday that the Chinese central bank has adhered to a supportive monetary policy stance, creating a favorable monetary and financial environment for China’s economic recovery and the stable operations of its financial market amid complex domestic and international situations. 

Wu Qing, chairman of the China Securities Regulatory Commission (CSRC), said that the CSRC will expand high-level institutional opening-up steadily, enhance the protection of investor rights and seek to improve the inclusivity, adaptability, attractiveness and competitiveness of China’s capital market. 

In August, the PBC and six other ministries jointly issued guidelines to strengthen financial support for new industrialization.

Analysts said the document signals a new stage of coordination between financial policies and industrial policies, marking a shift from broad-based funding to precision-targeted support.

The 20th Central Committee of the Communist Party of China (CPC) held its fourth plenary session in Beijing from October 20 to 23.

The recommendations of the CPC for the 15th Five-Year Plan have made it a top priority to build a modernized industrial system and strengthen the foundations of the real economy, Zheng Shanjie, head of the National Development and Reform Commission, said at a press conference on Friday on the guiding principles from the fourth plenary session of the 20th CPC Central Committee.

To meet these goals, Zheng said China will upgrade traditional industries, cultivate and expand emerging and future sectors, advance high-quality services and build a modernized infrastructure system.

The 15th Five-Year Plan will serve as a blueprint linking China’s world-class manufacturing to its leadership in AI, green energy and robotics. It will move China from speed to precision, from imitation to innovation and from scale to intelligence, Jack Perry Junior, chairman of the 48 Group Club and CEO of London Export Corp, who also attended this year’s forum, told the Global Times in a recent interview.

“I expect breakthroughs in AI, robotics, semiconductors, and energy systems. China’s progress in these areas will set the tone for global industrial modernization,” he said.

Jiuzi Holdings Launches $1 Billion Bitcoin Treasury with SOLV to Drive Institutional Yields and RWA Innovation

HANGZHOU, China, Oct. 30, 2025 /PRNewswire/ — Jiuzi Holdings, Inc. (NASDAQ: JZXN) (“Jiuzi” or the “Company”), today detailed its SOLV Foundation partnership — a leading Bitcoin finance platform managing over $2.8 billion in total value locked (TVL) — allocating up to $1 billion from its $1B digital asset plan to Bitcoin staking, yield products. This expands Jiuzi’s Bitcoin framework, creating a compliant DeFi gateway for global institutions,  positioning the company as a compliant, scalable gateway for global institutions entering decentralized finance.

Jiuzi will deploy up to 10,000 Bitcoin into SolvBTC.BNB, SOLV‘s flagship yield-bearing vault and the largest Bitcoin asset on BNB Chain. All assets are secured under institutional risk controls, real-time proof-of-reserves audited via Chainlink, and integrated with top DeFi protocols including Venus, Lista, and Pendle.

Jiuzi selected SolvBTC.BNB for its unmatched scale, ecosystem dominance, and alignment with global regulatory standards. With sustained on-chain performance and robust security architecture, it stands as the premier vehicle for institutional capital seeking yield-bearing Bitcoin exposure without custody risk or intermediary friction.

Mr. Li Tao, CEO of Jiuzi Holdings, Inc., stated, “We believe this partnership is a powerful accelerator for achieving our vision of becoming the premier platform for global institutions to access Bitcoin and will unlock a clear path to immense value creation for our company and shareholders.”

Ryan Chow, CEO of SOLV Foundation added, “Our strength lies in managing large-scale Bitcoin assets. This partnership allows us to ‘translate ‘ this capability into a language the traditional financial world can trust. Together, we are building a bridge of trust capable of securely carrying the future torrent of institutional capital.”

The alliance unites an SEC-regulated NASDAQ firm with a leading on-chain asset manager, creating a compliant blueprint for institutional Bitcoin adoption that bridges Trad Fi and DeFi.

About Jiuzi Holdings, Inc.

Jiuzi Holdings, Inc. (NASDAQ: JZXN) is a China-based company focused on sustainable energy and financial innovation. Leveraging its regulated corporate framework, Jiuzi is expanding into digital asset finance to provide compliant gateways for institutional investors seeking exposure to blockchain-based products.

About SOLV Foundation

Solv Protocol is the Operating Layer for Bitcoin, powering the $1T Bitcoin Finance economy through lending, liquid staking, and high-efficiency yield products. transforming Bitcoin from a passive store of value into a productive and globally accessible financial-class asset.

Walking Through Jiro Taniguchi’s Hometown — A Journey Through Kurayoshi Inspired by A Distant Neighborhood

KURAYOSHI, Japan, Oct. 30, 2025 /PRNewswire/ —

Where Manga and Gastronomy Intertwine: A Timeless Stroll Through the Town of Kurayoshi
Kurayoshi City, known in Japan as “Kura-shi Yoshi”—literally “a town good for living”—is a quiet former castle town in Tottori Prefecture where the traditional white-walled storehouses still remain. Today, the world’s eyes are turning to this nostalgic town once again, thanks to A Distant Neighborhood, a manga masterpiece by the internationally acclaimed artist Jiro Taniguchi. To learn more about this unique program, Tourism Media Service spoke with the organizer.


The story of a middle-aged man who travels back in time to his boyhood in Kurayoshi captured the hearts of readers worldwide and was later adapted into a France–Belgium–Germany co-produced film in 2010, celebrated as “a masterpiece depicting the essence of Japanese nostalgia.”

Now, in 2025, Kurayoshi is once again poised to become a “distant neighborhood” for travelers around the world. On March 30, 2025, the Tottori Prefectural Museum of Art—the first large-scale cultural facility of its kind in the prefecture—will open its doors, marking the beginning of a new series of immersive cultural experiences throughout the city.

Three premium experiences will invite visitors to explore Kurayoshi through the world of A Distant Neighborhood:

  1. A Walking Tour Experiencing the Manga “A Distant Neighborhood”
  2. Jiro Taniguchi Reproduction Art Exhibition — A Special Night Where Anime and the Museum Intertwine
  3. Gastronomy Hopping Experience Inspired by “A Distant Neighborhood”

Spoke with the organizers about this unique program.
This article introduces three new experiences in Kurayoshi—scheduled for November to December 2025—where visitors can immerse themselves in the world of Jiro Taniguchi and experience the fusion of manga, art, gastronomy, architecture, crafts, and nature.

1. Walking Tour: Experience the Manga A Distant Neighborhood

Kurayoshi’s historical streets—lined with white-walled storehouses, stone bridges along the Tamagawa River, the old Uomachi district, and Meiji-era public bathhouses—mirror the scenes that appear in Taniguchi’s manga.

Guided by individuals connected to the artist, participants will walk through the city while uncovering the layers of its history and culture. The experience feels like traveling through time itself. After the walk, guests may also join the evening program: the Special Night Exhibition at the Tottori Prefectural Museum of Art (separate registration required).

  • Date: Sunday, December 7, 2025
  • Price: ¥90,000 (tax included, per adult or child)
  • Meeting Point: JR Kurayoshi Station South Exit (near Tourist Information Center)
  • Time: 10:00 AM start (approx. 4 hours)
  • Languages: Japanese / English / French
  • Transportation: Chartered bus or taxi
  • Minimum Participants: 2
  • URL: https://www.mwt.co.jp/web-inbound/shinjuku/kurayoshi_guidedtour/

Feel the quiet atmosphere of Kurayoshi overlap with the air of the manga—like stepping right into one of its panels.

2. Jiro Taniguchi Reproduction Art Exhibition — A Special Night Where Anime and the Museum Intertwine

This exclusive evening program invites guests to enjoy a private viewing of Jiro Taniguchi’s reproduced artworks in a serene nighttime setting at the Tottori Prefectural Museum of Art.

With commentary by a professional curator, visitors can immerse themselves in the artist’s delicate brushwork and the interplay of light and shadow that define his style. A special dining experience will also be offered within the museum’s unique venue—an opportunity not available during regular hours.

A world that opens only at night in Kurayoshi—perfect for art lovers and Taniguchi fans seeking to experience manga as fine art.

3. Gastronomy Hopping Experience Inspired by A Distant Neighborhood

This new “Gastronomy Hopping” experience allows visitors to enjoy Kurayoshi’s local cuisine and culture while exploring the town’s manga heritage.

Participants can purchase a ticket booklet that includes a guide to participating restaurants, each offering a special dish or drink crafted with local ingredients and inspired by Taniguchi’s work. By strolling from one venue to another, guests can savor the story of A Distant Neighborhood through taste, conversation, and atmosphere.

  • Sales & Validity Period: November 1December 31, 2025
  • Price: ¥6,000 (tax included, per adult or child)
  • Ticket Sales Location: Coup! la Café (2571 Higashinakamachi, Kurayoshi, Tottori Prefecture)
  • Hours: 9:00 AM5:00 PM
  • Closed: Thursdays
  • Supported Languages: Japanese / English / French

This is a sensory “journey through time and flavor,” following the traces of A Distant Neighborhood and the 2010 film adaptation Quartier Lointain.

Inquiries

  • Planning & Operation: Meitetsu World Travel, Inc. (Shinjuku Branch)
  • Phone: +81-3-3343-0631
  • Email: koichi.ito@mwt.co.jp
  • Contact Person: Koichi Ito

iClone Video Mocap Converts Videos into Editable 3D Motions

SAN JOSE, Calif., Oct. 30, 2025 /PRNewswire/ — Reallusion introduces iClone Video Mocap, an AI motion capture service that turns ordinary videos into precise, editable 3D motions, right inside iClone. This new solution streamlines motion creation for filmmakers, game developers, and creators seeking natural, production-ready animation without the need for mocap hardware or costly subscriptions.

Reallusion introduces iClone Video Mocap, an AI motion capture service that turns ordinary videos into precise, editable 3D motions, right inside iClone.
Reallusion introduces iClone Video Mocap, an AI motion capture service that turns ordinary videos into precise, editable 3D motions, right inside iClone.

Precise AI Mocap from Any Video

By partnering with Quickmagic, Reallusion brings one of the most accurate and widely adopted AI mocap solutions on the market. With iClone Video Mocap, creators can instantly convert any video — whether it’s a YouTube clip, a movie scene, or even a quick phone recording — into precise, editable 3D motion data that is ready to apply to any 3D character. This is all made possible with Quickmagic’s advanced AI engine, which analyzes 2D footage, reconstructs 3D motion to deliver stable, lifelike animations.

Recreate Group Actions to Talking Scenes

From high-energy choreography to intimate conversations, iClone Video Mocap gives users precise control over every capture. Visually trim clips and define the detection range to match the performance you need. For multi-actor footage, simply duplicate the task for each performer and separate the detections to ensure clean, accurate motion for every single character.

The system adapts to a variety of performance, from full-body movement to upper-body gestures with detailed finger tracking. Paired with iClone’s AccuFACE and LIVE FACE, it transforms any talking clip into a fully synchronized facial-and-body performance with lifelike realism.

Motion Editing Adds Core Support

While AI mocap can capture realistic movement, it also introduces common issues like foot sliding, depth misalignment, or unnatural twists. Most tools require exporting the data to another 3D editor for cleanup, adding extra steps to the process. With iClone Video Mocap, all fixes can be done directly inside iClone. Animators can correct motion offsets, smooth out jitters, and fine-tune details right in the timeline using tools like Foot Contact, Auto Motion Alignment, Curve Editor, and Reach Target.

Once a motion is generated, the reference video automatically loads in the viewport as a 2D background, letting you compare their animation with the original footage in real time.

Reallusion also provides over 35 professional mocap tutorials, helping users quickly master motion refinement and achieve production-quality results — all without leaving iClone.

Custom Motion for Any Character

iClone Video Mocap expands the creative reach of Reallusion’s character ecosystem. AccuRIG offers a quick way to animate freshly rigged characters with personalized motions. For ActorCore users, it’s the perfect add-on, enabling unique performances that complement existing motion packs.

With Auto Retargeting, generated motions can be instantly adapted to characters of different body types with precise fitting, ensuring consistency and accuracy across diverse models.

Production-Level Mocap for Everyone

iClone Video Mocap is built to fit the needs of both indie creators and professional studios, offering a flexible, cost-efficient, and production-level approach to motion capture. For indie creators, it removes the need for expensive mocap suits or studio rentals — just record with your phone and start animating right away. For production houses, it supports a hybrid workflow for quick shots or background actions while reserving traditional mocap for large, complex scenes. The precise motion data makes it easy to integrate with existing pipelines, boosting efficiency without sacrificing quality. From solo artists to full teams, iClone Video Mocap adapts to any workflow with ease.

Pay-Per-Use for Maximum Flexibility

Unlike most AI mocap services that lock users into monthly subscriptions, iClone Video Mocap adopts a pay-per-use model. This gives creators full control over their costs. Spend just 250 DA Points (~$2.50) per motion generation, with no ongoing fees or usage limits.

Each upload can be up to 60 seconds long, and you can process up to 10 videos simultaneously, making it a fast, scalable solution for both individual artists and production teams. This on-demand model is both affordable and flexible.

>> Top up DA Points to start 

Convert Footage to Finished Animation in iClone

iClone Video Mocap marks a new chapter in Reallusion’s AI production ecosystem, combining intuitive AI automation with iClone’s precision motion tools. Creators can now generate, refine, and apply realistic motion entirely within one platform, redefining how animation is made.

Lufax Granted Extension by NYSE for Filling the 2024 Annual Report on Form 20-F

SHANGHAI, Oct. 30, 2025 /PRNewswire/ — Lufax Holding Ltd (NYSE: LU and HKEX: 6623), (“Lufax”, or the “Company”), a leading financial services enabler for small business owners in China, today announced that the New York Stock Exchange (the “NYSE”) has granted the Company an extension through April 30, 2026 to file the Company’s annual report on Form 20-F for the fiscal year ended December 31, 2024 (the “2024 20-F”) with the U.S. Securities and Exchange Commission, subject to reassessment on an ongoing basis.

The Company had previously reported that it would be delayed in its filing of the 2024 20-F due to the proposed change in the Company’s auditors in 2025 and announced that it had received notice from the NYSE that it was not fully in compliance with the NYSE’s continued listing standards. It has since appointed Ernst & Young and Ernst & Young Hua Ming LLP as its auditors. The Company continues to work diligently with its independent auditors to finalize and file the 2024 20-F as soon as possible.

The Company will continue to cooperate with the NYSE in this matter.  If the Company fails to file the 2024 20-F by April 30, 2026, suspension and delisting procedures will commence. The Company intends to regain compliance with the NYSE’s continued listing standards by filing the annual report within the NYSE’s prescribed timelines.

About Lufax

Lufax is a leading financial services enabler for small business owners in China. Lufax offers financing products designed to address the needs of small business owners and others. In doing so, Lufax has established relationships with 85 financial institutions in China as funding partners, many of which have worked with Lufax for over three years.

Investor Relations Contact

Lufax Holding Ltd
Email: Investor_Relations@lu.com    
ICR, LLC
Robin Yang
Tel: +1 (646) 308-0546
Email: lufax.ir@icrinc.com

Enfinity Global to Supply 400 GWh Guarantees of Origin to VW Kraftwerk GmbH to Support Sustainable Mobility

MILAN, Oct. 30, 2025 /PRNewswire/ — Enfinity Global, a leading renewable energy company, has signed an agreement with VW Kraftwerk GmbH, a subsidiary of the Volkswagen Group, for the supply of Guarantees of Origin (GOs) from its solar PV power plants in Italy.

The agreement provides for the purchase of approximately 40 GWh of GOs per year over the next ten years, for a total volume of 400 GWh, sourced from Enfinity’s renewable energy assets in Italy. The GOs supplied by Enfinity certify that an equivalent amount of electricity has been generated from renewable sources and fed into the grid, thereby making a tangible contribution to reducing CO₂ emissions associated with the life cycle of electric vehicles.

“We are honored to support the Volkswagen Group as it transitions its electric vehicle fleet to be carbon neutral and in advancing the transformation of mobility across Europe,” said Carlos Domenech, CEO of Enfinity Global. “Enfinity is committed to being a long-term sponsor of innovative and scalable energy solutions —from 24×7 PPAs to Guarantees of Origin— that bring value to our customers.”

“Guarantees of Origin are a transparent and effective tool to promote renewable energy adoption and accelerate the energy transition,” added Julio Fournier Fisas, General Manager for Europe at Enfinity Global. “This collaboration is a strong example of how cross-sector partnerships can generate measurable environmental impact and drive progress toward climate neutrality in Europe.”

Through this deal, Enfinity Global reaffirms its role as a strategic partner for global companies seeking to integrate renewable energy solutions into their business models, actively contributing to the decarbonization of industrial supply chains and to the construction of a low-carbon, more resilient energy future. GOs not only certify the renewable origin of energy but also serve as a key element for ESG traceability and reporting, in line with European regulations and sustainability standards.

With a global presence and a pipeline of 37 GW, Enfinity Global is one of the leading players in the sector, offering integrated energy solutions for the decarbonization of industrial activities and advancing a circular economy. Enfinity is active in Italy, with a growing portfolio of solar PV power plants and battery energy storage systems exceeding 8.6 GW, making a significant contribution to the country’s decarbonization goals and energy security.

 

SOLSTICE ADVANCED MATERIALS COMPLETES SPIN-OFF FROM HONEYWELL AND BEGINS TRADING ON NASDAQ

  • Spin-off positions Solstice to accelerate growth and unlock shareowner value as a leading pure-play specialty materials company
  • Poised to benefit from strong and resilient secular trends across cooling, building solutions, advanced computing, energy, safety and healthcare
  • Begins trading today on Nasdaq under the ticker symbol “SOLS”

MORRIS PLAINS, N.J., Oct. 30, 2025 /PRNewswire/ — Solstice Advanced Materials (NASDAQ: SOLS), a leading pure-play specialty materials company, today celebrates its first day as an independent, publicly traded company following the completion of its spin-off from Honeywell. Shares of Solstice will begin trading on the Nasdaq Stock Market under the ticker symbol “SOLS,” effective at the market opening.

With an advanced materials heritage of more than 130 years, Solstice is positioned to build on a track record of innovation and operational excellence. Solstice technologies enable high-performance solutions for critical global sectors, including HVAC/R, semiconductor manufacturing, data center thermal management, nuclear energy, defense and life sciences. The company launches with approximately 4,000 employees, 24 manufacturing sites and four R&D centers that serve more than 3,000 customers across 120 countries and territories.

“Today marks the beginning of an exciting new chapter for Solstice,” said David Sewell, President and Chief Executive Officer of Solstice Advanced Materials. “Our independence positions us to capitalize on powerful secular trends shaping our industry – from regulatory-driven transitions in cooling and building solutions to the rapid proliferation of AI and advanced computing. With our differentiated technologies, unmatched customer partnerships, highly talented global workforce and experienced leadership team, we are ready to unleash our growth potential and unlock meaningful long-term value for our stakeholders.”

The spin-off was completed through the distribution of all shares of Solstice common stock. Each Honeywell shareowner of record as of the close of business on October 17, 2025, received one share of Solstice common stock for every four shares of Honeywell common stock held.

About Solstice Advanced Materials
Solstice Advanced Materials is a leading global specialty materials company that advances science for smarter outcomes. Solstice offers high-performance solutions that enable critical industries and applications, including refrigerants, semiconductor manufacturing, data center cooling, nuclear power, protective fibers, healthcare packaging and more. Solstice is recognized for developing next-generation materials through some of the industry’s most renowned brands such as Solstice®, Genetron®, Aclar®, Spectra®, Fluka™ and Hydranal™. Partnering with over 3,000 customers across more than 120 countries and territories and supported by a robust portfolio of over 5,700 patents, Solstice’s approximately 4,000 employees worldwide drive innovation in materials science. For more information, visit www.Solstice.com.

Additional Information
Solstice uses our Investor Relations website, investor.solstice.com, as a means of disclosing information which may be of interest or material to our investors and for complying with disclosure obligations under Regulation FD. Accordingly, investors should monitor our Investor Relations website, in addition to following our press releases, SEC filings, public conference calls, webcasts, and social media.

Forward-Looking Statements
We describe many of the trends and other factors that drive our business and future results in this release. Such discussions contain forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended. Forward-looking statements are those that address activities, events, or developments that management intends, expects, projects, believes, or anticipates will or may occur in the future. They are based on management’s assumptions and assessments in light of past experience and trends, current economic and industry conditions, expected future developments, and other relevant factors, many of which are difficult to predict and outside of our control. They are not guarantees of future performance, and actual results, developments and business decisions may differ significantly from those envisaged by our forward-looking statements. We do not undertake to update or revise any of our forward-looking statements, except as required by applicable securities law. Our forward-looking statements are also subject to material risks and uncertainties, including ongoing macroeconomic and geopolitical risks, such as changes in or application of trade and tax laws and policies, including the impacts of tariffs and other trade barriers and restrictions, lower GDP growth or recession in the U.S. or globally, supply chain disruptions, capital markets volatility, inflation, and certain regional conflicts that can affect our performance in both the near- and long-term. In addition, no assurance can be given that any plan, initiative, projection, goal, commitment, expectation, or prospect set forth in this release can or will be achieved. Some of the important factors that could cause Solstice’s actual results to differ materially from those projected in any such forward-looking statements include, but are not limited to, Solstice’s ability to realize the expected benefits of the separation from Honeywell; indebtedness incurred in the financing transactions undertaken in connection with the spin-off and risks associated with additional indebtedness; the risk that incremental costs of operating on a standalone basis (including the loss of synergies), costs of restructuring transactions and other costs incurred in connection with the separation will exceed Solstice’s estimates; and the impact of the separation on Solstice’s businesses and the risk that the separation may be more difficult, time-consuming or costly than expected, including the impact on Solstice’s resources, systems, procedures and controls, diversion of management’s attention and the impact on, and possible disruption of, relationships with regulators, customers, suppliers, employees and other business counterparties. These forward-looking statements should be considered in light of the information included in this release, our final information statement, dated October 17, 2025, and other filings with the SEC. Any forward-looking plans described herein are not final and may be modified or abandoned at any time.

Contacts: 
Media 
Amy Schneiderman      
(201) 218-2302                          
Amy.Schneiderman@teneo.com

Investor Relations
Mike Leithead
(973) 370-8188
Michael.Leithead@solstice.com

LRS Output Management Announces Cloud-Based Print, Scan, and Auditing Suite

Solutions leverage proven LRS Mission Control platform

SPRINGFIELD, Ill., Oct. 30, 2025 /PRNewswire/ — Levi, Ray & Shoup, Inc. (LRS) today announced the availability of four new multi-tenant SaaS output management solutions. Based upon the web-based LRS Misson Control® platform introduced in 2023, the new solutions eliminate the need for on-premise servers and associated IT staff. The integrated suite of output management products will provide print management, pull print, scan services, and print auditing functionality— all in a seamless, serverless manner.

The VPSX/DirectPrint Cloud SaaS lets organizations manage drivers, printers, locations via floorplans, and all other aspects of workstation printing. Rather than relying on an onsite server, the VPSX/DirectPrint Cloud service directly interacts with LRS’ Personal Print Manager agent running on each user’s Windows,® macOS,® or Linux® workstation. By integrating control of user printing with backend application print and scan management functions, the solution establishes a single point of control that can streamline IT administration and lower FTE requirements in IT departments of all sizes. 

MFPsecure/Print Cloud pull printing software enables any user to print to a holding area and then release the job from a qualified MFP with a card, a code, or both (in a Multi-factor authentication scheme). Like other new multi-tenant SaaS solutions running in LRS’ Mission Control platform, MFPsecure/Print Cloud software integrates fully with the VPSX/DirectPrint Cloud service so administrators can easily define and configure their environment from a single screen. Full integration with LRS’ Personal Print Manager client gives users a simple method to define printers to a workstation and submit print.

The new MFPsecure/Scan Cloud SaaS enables the Scan functions on modern multi-function devices (MFPs) to work with LRS’ robust document workflow engine. Users can Scan to email or Scan to storage (OneDrive, Google Drive, File share etc.) as well as initiate complex workflows like scanning incoming invoices, extracting information via OCR, and automatically feeding scanned data into business applications. These and other customizable workflows unlock a fully digital workplace experience that increases productivity and automation.

The fourth new offering is the Innovate/Audit Cloud solution, which interacts with other LRS products to provide cost and accounting information about a company’s print environment. No onsite servers or databases are required, as all reporting to Innovate/Audit Cloud software is handled automatically. These reporting & auditing capabilities extend beyond the SaaS solutions described above to include tracking of output managed with LRS’ server-based solutions. This ability lets organizations with hybrid network environments and those transitioning to Cloud-based landscapes leverage the power of LRS analytics to make smarter choices with regard to their printing and scanning assets.

About LRS
LRS is a privately held U.S. company with corporate headquarters located in Springfield, Illinois, USA. Remote offices are located throughout the United States and in key geographic regions around the world. More than half of the Fortune 1000 companies rely on industry leading LRS® solutions, with products in use in over 30 countries. For more information about LRS, visit www.LRS.com

© 2025 Levi, Ray & Shoup, Inc. All rights reserved. LRS, the LRS chevron logo, and VPSX/DirectPrint are registered trademarks of Levi, Ray & Shoup, Inc. macOS is a registered trademark of Apple, Inc., registered in the U.S. and other countries. Linux is a registered trademark of Linus Torvalds in the U.S. and other countries. Windows is a registered trademark of Microsoft Corporation in the United States and/or other countries. All other trademarks are the property of their respective owners.

For more information, press only:
Shannon Heisler, 217-793-3800 or Shannon.heisler@lrs.com