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WASHINGTON FREEDOM ANNOUNCES MULTI-YEAR PARTNERSHIP WITH CLOVER

Clover joins Washington Freedom as Official Partner and Kit Sponsor to elevate fan experience and expand cricket’s reach in the U.S.

WASHINGTON, June 2, 2025 /PRNewswire/ — Washington Freedom, the first professional cricket franchise representing the nation’s capital in Major League Cricket, proudly announced today a landmark partnership with Clover, the world’s smartest point-of-sale and a brand from Fiserv (NYSE: FI), a leading global provider of payments and financial technology solutions. As the Official Partner and Kit Sponsor of Washington Freedom, Clover will receive prominent brand placement across the team’s playing kits and at Freedom matches throughout the 2025 season and beyond.

The partnership also names Clover as the Official Point-of-Sale Partner of Washington Freedom. While Clover is a trusted partner to venues and top-tier professional sports teams across the NFL, NBA, MLB, NHL and MLS leagues, this marks the brand’s first-ever foray into cricket, reinforcing its dedication to serving diverse and emerging sports communities.

This marks a pivotal moment for Washington Freedom and the future of cricket in the United States. As the world’s second most-watched sport gains momentum on American soil, the collaboration with Clover signals a bold commitment to shaping how U.S. fans engage with the game. Together, Washington Freedom and Clover will work to accelerate the sport’s cultural relevance and commercial growth nationwide.

“Fiserv is a world-class brand that shares our passion for innovation, performance, and global ambition,” said Sanjay Govil, owner of Washington Freedom. “Together, we’re not just growing a franchise, we’re helping shape the future of cricket in the United States. This partnership marks a major step forward for our team, our fans, and the sport.”

“We are excited to embark on this groundbreaking partnership with Washington Freedom, as it embodies our belief in the power of sports to bring communities together,” said Guy Chiarello, Vice Chairman at Fiserv. “By leveraging our global reach, we aim to foster a deeper connection to this dynamic sport as it continues to grow in the United States.”

The partnership officially kicks off with the start of the 2025 Major League Cricket season, running from June through July, with matches set to reach fans across the U.S. and around the world through national and international broadcasts.

About Washington Freedom
Washington Freedom is the first professional cricket franchise based in the nation’s capital, competing in the fast-growing Major League Cricket. Owned by entrepreneur and technologist Sanjay Govil, the team is built on the belief that sport has the power to unite, inspire, and spark global connections. In partnership with Cricket New South Wales, one of Australia’s most storied and successful cricket organizations, Washington Freedom brings world-class talent, innovation, and ambition to the forefront of American cricket. For more information, visit www.washingtonfreedom.com.

About Fiserv
Fiserv, Inc. (NYSE: FI), a Fortune 500 company, moves more than money. As a global leader in payments and financial technology, the company helps clients achieve best-in-class results through a commitment to innovation and excellence in areas including account processing and digital banking solutions; card issuer processing and network services; payments; e-commerce; merchant acquiring and processing; and Clover®, the world’s smartest point-of-sale system and business management platform. Fiserv is a member of the S&P 500® Index and one of Fortune® World’s Most Admired Companies. Visit fiserv.com and follow on social media for more information and the latest company news.

 

Aerial and nami Announce Strategic Cooperation to Deliver WiFi Sensing Solutions for the CareTech, PropTech and Telecom Industries; Jean-Eudes Leroy Appointed CEO of Aerial.ai

MONTREAL, June 2, 2025 /PRNewswire/ — aerial.ai, a pioneer in Wi-Fi sensing technology, and nami.ai pte Ltd, an innovator in fusion sensing and AIoT solutions, today announced a strategic cooperation aimed at delivering end-to-end solutions for monitoring residential and commercial premises through embedded software engines.

Logos nami x Aerial
Logos nami x Aerial

Wi-Fi sensing technology detects disruptions in Wi-Fi signals between devices. Human movement disrupts these signals, allowing Wi-Fi sensing software to detect and validate activity within the home.

Such collaboration harnesses both companies’ strengths to develop scalable, privacy-preserving systems that are contactless and unobtrusive supporting independent living for seniors and enabling smart infrastructure across various industries. Beyond Elderly Care advanced use cases, the partnership is uniquely positioned to address five business applications for Telecom and PropTech players: Property AwarenessIntrusion DetectionPeace of Mind for families and caregiversDisaster Recovery readiness, and HVAC Automation for energy-efficient buildings.

“Our technologies complement each other perfectly,” said Michel Allegue, co-founder and CTO of Aerial.ai. “From accurately detecting true occupancy to uncovering meaningful patterns in daily activity, the fusion of nami’s multi-sensor intelligence and Aerial’s advanced AI analytics delivers a versatile, unified platform for next-generation ambient sensing.”

As part of this strategic partnership, nami.ai has acquired a 47% equity stake in Aerial.ai, reaffirming its long-term commitment to the joint development and global deployment of advanced WiFi sensing applications.

To lead this new chapter, Jean-Eudes Leroy, co-founder and CEO of nami, has been appointed CEO of Aerial.ai. Jean-Eudes brings deep expertise in ambient sensing and a strong vision for how AIoT and next-gen connectivity can transform sectors like elderly care, commercial and residential security.

“We are excited to bring non-invasive, cost-effective solutions to real-world problems—from making homes safer for aging parents and families to augmenting building intelligence,” said Jean-Eudes Leroy. “Together, nami and Aerial offer a portfolio of 73 filed and pending patents in RF sensing, AI sensing algorithms, and intelligent mesh architectures — positioning us as a substantial platform to augment the next wave of AI-powered IoT.”

Negar Ghourchian, co-founder and VP of Research & Develoment at Aerial.ai, stated: “By combining Wi-Fi-based analytics with multi-modal ambient sensing, we’re ushering in a new era of precision and reliability in behavioral insights — including sleep patterns. This goes beyond traditional care; it’s about creating intelligent environments that truly understand and adapt to real human presence.”

The partnership centers on aging-in-place solutions, with pilot upgrades set to launch in Q3 2025 across Spain, Benelux, the USA, Japan, and Singapore. The joint roadmap also includes offerings in property awareness, intrusion prevention, public safety, and HVAC efficiency — empowering Telecom and PropTech partners to deliver smarter, safer living environments.

About  Aerial.ai
Based in Montreal, Canada, Aerial specializes in Wi-Fi-based sensing systems that enable motion detection, presence awareness, and behavioral insights —without wearables or cameras. Its Wi-Fi sensing software engines integrate with telecom and IoT platforms, delivering AI analytics optimized for elderly care and smart building applications.

About nami.ai
Headquartered in Singapore with office in Paris, nami builds fusion sensing software for intelligent homes and buildings. Its mission is to provide disruptively agile, scalable AIoT systems that enable real-time security, safety, and wellness across the CareTech, PropTech, and Security industries.
Linkedin: nami.ai 

Media contact
Jérôme Leroy – Chief Product & Marketing Officer – jerome@nami.ai

Parsable Recognized with Frost & Sullivan’s 2024 Global Enabling Technology Leadership Award for Redefining Manufacturing with Augmented Connected Worker Solutions

Parsable’s mobile-first SaaS platform enables seamless digitization of manufacturing processes, offering real-time data analytics and customization that substantially optimize workflows and improve decision-making.

SAN ANTONIO, June 2, 2025 /PRNewswire/ — Frost & Sullivan recently researched the Global Augmented Connected Worker Industry and, based on its findings, recognizes Parsable with the 2024 Global Enabling Technology Leadership Award. Parsable is a pioneering provider of cutting-edge solutions designed to optimize manufacturing operations. It provides AI-powered analytics and highly flexible platforms that revolutionize how frontline workers, plant managers, and executives interact with their production environments.

Parsable, a CAI Software solution, has grown to become a key player in the global manufacturing space, with deployments in over 90 countries and 1,000 production sites. The company’s cutting-edge platform provides a single, integrated solution that empowers manufacturers to digitize workflows, increase operational visibility, and streamline processes for both frontline workers and decision-makers. Its groundbreaking approach leverages real-time data and AI to optimize workflows, providing managers and executives with unparalleled insights that enhance decision-making and drive productivity throughout the value chain.

Moreover, Parsable’s AI-driven platform offers unparalleled customization, enabling organizations to tailor workflows and capture highly detailed data specific to their needs. This innovative, mobile-first SaaS-based solution empowers global enterprises to digitize workflows, eliminate manual processes, and improve productivity.

“Parsable sets itself apart further by catering to supervisors, plant managers, and executives, offering beneficial features like AI-powered analytics and intelligent scheduling. Its unmatched customization and flexibility provide unparalleled granularity of data, allowing users to gain meaningful insights that impact their productivity,” said Agustín Fabris, research analyst at Frost & Sullivan.

Parsable’s platform stands out for its powerful combination of advanced capabilities and user-specific customization. By allowing stakeholders across all levels—from frontline workers to senior leadership—to tailor their experience, Parsable ensures that each user accesses the most relevant data and insights for their role. This personalized approach enhances visibility into operations, uncovers opportunities for efficiency, and supports better decision-making. As a result, manufacturers are empowered to improve productivity, reduce downtime, and drive continuous improvement across the organization. With customer value at the core of its strategy, Parsable delivers actionable intelligence that directly impacts performance and supports long-term operational excellence.

Each year, Frost & Sullivan presents this award to a company that develops a pioneering technology that enhances current products and enables new product and application development. The award recognizes the high market acceptance potential of the recipient’s technology.

Frost & Sullivan Best Practices awards recognize companies in various regional and global markets for demonstrating outstanding achievement and superior performance in leadership, technological innovation, customer service, and strategic product development. Industry analysts compare market participants and measure performance through in-depth interviews, analyses, and extensive secondary research to identify best practices in the industry.

About Frost & Sullivan

For six decades, Frost & Sullivan has been world-renowned for its role in helping investors, corporate leaders, and governments navigate economic changes and identify disruptive technologies, megatrends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion.

About Parsable and CAI Software

CAI Software, LLC is a leader in the delivery of mission-critical, production-oriented enterprise resource planning (ERP), manufacturing execution systems (MES), warehouse management software (WMS), electronic data interchange (EDI), Connected Worker Digital Instructions, Inventory Management, and Material Traceability software and services to leading companies in targeted vertical markets, including building materials, food processing, precious metals, manufacturing, and distribution. Learn more at caisoft.com and parsable.com.

Contact:

Ashley Shreve
Marketing Coordinator – Best Practices Recognition
Ashley.Weinkauf@frost.com

HOTEL101 PROGRESSES TOWARDS NASDAQ LISTING

U.S. SEC DECLARES FORM F-4 SEC REGISTRATION EFFECTIVE

SINGAPORE, June 2, 2025 /PRNewswire/ — Hotel101 Global Holdings Corp. (“Hotel101” or “HBNB”) and JVSPAC Acquisition Corp. (NASDAQ: JVSA) (“JVSPAC”) announced today that the United States Securities and Exchange Commission (“SEC”) has declared effective Hotel101’s registration statement on Form F-4 filed with the SEC in connection with the previously announced business combination agreement between Hotel101 and JVSPAC.

JVSPAC has scheduled the Extraordinary General Meeting of Shareholders (“EGM”) on June 24, 2025 to vote on the proposed business combination with Hotel101.

The business combination values Hotel101 at an equity value of US$2.3 billion. The closing of the business combination is expected to occur as soon as possible, subject to regulatory and shareholder approvals and other customary closing conditions. Upon listing, the combined company will operate as Hotel101 Global Holdings Corp. and trade under the ticker symbol “HBNB”. Once listed, Hotel101 will become the first Filipino-owned company to be listed and traded on Nasdaq. Hotel101 is a subsidiary of Philippine-listed DoubleDragon Corporation (PSE: DD).

Hannah Yulo-Luccini, CEO of Hotel101, said:

“This significant step towards Hotel101’s U.S. listing brings us closer to our vision of becoming the world’s first truly global one-room hotel chain. Our asset-light, prop-tech hospitality platform is built for efficiency and scalability, offering a globally standardized ‘condotel’ model that empowers individual real estate unit ownership in the hospitality sector while enhancing the guest experience. This innovative approach creates a dual revenue stream – first, through the pre-sale of hotel units to individual unit owners, and then through long-term management and operations contracts. As we expand into key markets, including Japan and the U.S., we are taking a pivotal step through this listing that will help scale our model globally and redefine the global hospitality experience.”

Edgar “Injap” Sia II, Chairman and CEO of DoubleDragon Corporation and Founder of Hotel101, said:

“Hotel101 was built on a bold vision – to create an entirely new category of hotel that combines efficiency, predictability and scalability in a way that has never been done before. With its unique and novel concept, we believe Hotel101 has significant potential to successfully expand globally. We expect this to have a network effect that will further elevate the brand and benefit all stakeholders within its ecosystem. As the global middle class continues to expand, we see an extraordinary opportunity to disrupt the industry with a model designed for rapid international growth. With DoubleDragon’s deep experience in real estate and high-growth businesses, we are fully committed to supporting Hotel101 as it makes its mark on the global stage, becoming the first Filipino-owned company to be listed and traded on Nasdaq.”

Hotel101 is an asset-light, prop-tech hospitality platform pioneering a globally standardized “condotel” business model.

Hotel101’s management believes that Hotel101’s global “one room” hotel chain model is poised to disrupt the hospitality industry by offering identical, standardized hotel rooms globally. In standardization, Hotel101 sees a global opportunity in the hospitality space that brings enhanced efficiency, especially for the value segment, enabling customers to know exactly what to expect whenever they stay at a Hotel101 property.

With identical hotel units, Hotel101 streamlines development, operations, and guest experiences. Hotel101’s proprietary app, which has over one million registered users, serves as a centralized platform for reservations, guest services, and loyalty programs. It adopts dynamic pricing for room rates and offers self-check in, made efficient by the availability of just one type of room. Hotel101 expects to set a new standard for efficiency, predictability, and scalability, creating sustained value for customers globally.

Hotel101’s asset-light ‘condotel’ business model is designed to scale efficiently while maximizing value for both unit owners and guests. Hotel101 generates revenue twice: first, from the pre-selling of individual hotel units during the construction phase; and second, from long-term recurring revenue derived from day-to-day hotel operations following completion of the units. By pre-selling standardized hotel units, Hotel101 generates upfront capital to fund new developments and expand rapidly. Its long-term management contracts with unit owners create a stable and recurring revenue stream.

Hotel101 aims to bridge the gap between traditional hotels and fragmented hospitality marketplaces. Unlike traditional hotel chains that require significant capital investment to scale or marketplace aggregators that lack consistency and branding, Hotel101’s model provides individual condominium unit owners with direct hotel unit ownership while maintaining the brand consistency and professional management of a global hotel chain. Hotel101’s management believes that its properties will also receive arguably higher acceptance in the communities where they operate as all Hotel101 properties are purposely built as hospitality assets.

Hotel101’s management also believes that under this asset-light business model, Hotel101 properties are efficient to build, maintain, and operate – as well as scale and expand through direct development, joint venture partnerships, and franchise arrangements. Building on the success of Hotel101-branded properties in the Philippines – where there are two operating properties and a number under development – and Hotel101’s ongoing international expansion to Japan, Spain, and the U.S., management believes that a Nasdaq listing will provide Hotel101 with access to public capital markets and help accelerate its global expansion plans. 

Hotel101 has access to a global marketing distribution platform with five international marketing offices and a wide network of partner agencies across key markets. Hotel101’s long term vision is to establish a global footprint in 100 countries worldwide, with an initial 25 identified priority countries for the medium term.

Albert Wong, Chairman, JVSPAC Acquisition Corporation, said:

“The SEC’s declaration of effectiveness is an important step toward the successful completion of the business combination between JVSPAC and Hotel101. Hotel101’s innovative approach to hospitality has the potential to completely redefine the mid-market segment, while presenting a compelling opportunity for rapidly scalable, long-term growth. We look forward to supporting Hotel101 as it executes its global expansion strategy and enters the public markets.”

About DoubleDragon Corporation

DoubleDragon Corporation currently has total assets of over US$3.8 billion, with a portfolio that spans over one million square meters of gross floor area principally from provincial community malls, a string of office buildings, a chain of industrial warehouse complexes and its chain of hotels.

DoubleDragon Corporation has been listed on the Philippine Stock Exchange since 2014 and is controlled by two entities that own a combined 70% majority stake: Injap Investments Inc., which is a private family holding company led by Filipino Entrepreneur Edgar “Injap” Sia II, who is also the Chairman of MerryMart Consumer Corp, and Founder of Mang Inasal, one of the largest QSR fast food chains in the Philippines which is now under Jollibee Foods Corp.; and Honeystar Holdings Corp., which is a private family holding company led by Filipino Entrepreneur Tony Tan Caktiong, who is also the Chairman and Founder of the global QSR fast food chain Jollibee Foods Corp. Jollibee is the largest fast food QSR company in the Philippines and one of the largest globally through its portfolio of food brands with over 9,900 branches worldwide. Jollibee Foods Corp. currently has a market capitalization of over US$4.7 billion.

About JVSPAC Acquisition Corporation

JVSPAC Acquisition Corporation is a blank check company incorporated for the purpose of effecting a business combination (Special Purpose Acquisition Company). Listed on the Nasdaq, JVSPAC is led by Chairman and CEO Mr. Albert Wong. Mr. Wong has over two decades of experience in management, investment, marketing and capital markets with a focus on capital raising, special situation advisory, portfolio and project management, and execution. Since 2010, Mr. Wong has been the CEO and Director of Kingsway Group Holdings, a distribution conglomerate with luxury products ranging from yachts, automotive and prestige lifestyle solutions. Kingsway is the sole distributor of Lamborghini in Hong Kong, Macau and Guangzhou. Kingsway is also the sole distributor of Koenigsegg Automotive, Rimac Automobili and Bugatti Automobiles for China (including Hong Kong and Macau). In addition, Kingsway works with Tesla Inc in the aftersales servicing business. Mr. Wong is also co-founder of JVSakk Group and has been its Executive Director since 2010. JVSakk Group is a Hong Kong-based financial firm providing services in securities brokerage, asset, and fund management. They are also a licensed insurance broker and real estate agency in Hong Kong. Mr. Wong is responsible for overseeing growth, strategy, and investment decisions, and as of December 2024, JVSakk Group has approximately HK$6 billion in assets under management. Since 2014, Mr. Wong has been a member of the Advisory and Operating Committee of Isola Capital Group, an asset management and family office platform servicing shareholders and investors to access proprietary investment opportunities and asset management solutions.

Forward Looking Statements

This press release includes “forward-looking statements” which 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 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 estimated equity value of the combined company, Hotel101’s ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company’s ability to source and retain talent, the cash position of the combined company following closing of the Transaction, JVSPAC’s and Hotel101’s ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of JVSPAC’s and Hotel101’s management and are not predictions of actual performance.

These forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of JVSPAC and Hotel101. These forward-looking statements are subject to a number of risks and uncertainties, including the ability of JVSPAC and Hotel101 to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of JVSPAC or Hotel101; failure to realize the anticipated benefits of the proposed Transaction; the combined company’s ability to execute on its business model, potential business expansion opportunities in foreign countries and growth strategies, retain and expand customers’ use of its hotel services and attract new customers, and source and maintain talent; risks relating to the combined company’s sources of cash and cash resources; risks relating to Hotel101’s business; risks relating to JVSPAC’s and the combined company’s vulnerability to security breaches; risks relating to the combined company’s ability to manage future growth; the effects of competition on the combined company’s future business; the amount of redemption requests made by JVSPAC’s public shareholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic on Hotel101’s or the combined company’s business and the global economy; and those factors discussed in JVSPAC’s final prospectus related to its initial public offering dated January 18, 2024, under the heading “Risk Factors,” in JVSPAC’s Annual Report on Form 10-K for the fiscal year ended December 31, 2024 under the heading “Risk Factors” filed with the SEC on March 11, 2025 and other documents filed, or to be filed, by JVSPAC with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither JVSPAC nor Hotel101 presently knows or that JVSPAC and Hotel101 currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect JVSPAC’s and Hotel101’s expectations, plans or forecasts of future events and views as of the date of this press release. JVSPAC and Hotel101 anticipate that subsequent events and developments will cause JVSPAC’s and Hotel101’s assessments to change. However, while JVSPAC and Hotel101 may elect to update these forward-looking statements at some point in the future, JVSPAC and Hotel101 specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing JVSPAC’s and Hotel101’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Important Information About the Proposed Transaction and Where to Find It

The proposed Transaction will be submitted to shareholders of JVSPAC for their consideration and approval. JVSPAC and Hotel101 have filed with the SEC a registration statement (the “Registration Statement”) containing a proxy statement to be distributed to JVSPAC’s shareholders in connection with JVSPAC’s solicitation for proxies for the vote by JVSPAC’s shareholders on the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Hotel101’s shareholders in connection with the completion of the proposed Transaction. JVSPAC will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. JVSPAC’s shareholders and other interested persons are advised to read the definitive proxy statement/prospectus, once available, in connection with JVSPAC’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents contain important information about JVSPAC, Hotel101 and the proposed Transaction. Shareholders may also obtain a copy of the definitive proxy statement as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by JVSPAC, without charge, at the SEC’s website located at www.sec.gov or by directing a request to JVSPAC at G/F Hang Tak Building, 1 Electric Street, Wan Chai, Hong Kong.

Participants in the Solicitation

JVSPAC, DoubleDragon Corporation, Hotel101, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from JVSPAC’s shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of JVSPAC’s shareholders in connection with the proposed Transaction are set forth in the proxy statement/prospectus contained in the Registration Statement which was declared effective by the SEC on June 2, 2025. You can find more information about JVSPAC’s directors and executive officers in JVSPAC’s final prospectus related to its initial public offering dated January 18, 2024. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests can be found in the proxy statement/prospectus contained in the Registration Statement. Shareholders, potential investors and other interested persons should read carefully the definitive proxy statement/prospectus, once available, before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

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

Contacts

Brunswick Group – Hotel101@brunswickgroup.com

 

NYSE Content Advisory: Pre-Market update + U.S. – China trade tensions escalate

NEW YORK, June 2, 2025 /PRNewswire/ — The New York Stock Exchange (NYSE) provides a daily pre-market update directly from the NYSE Trading Floor. Access today’s NYSE Pre-market update for market insights before trading begins. 

Caroline Woods delivers the pre-market update on Jun 2nd

  • Stocks are lower ahead of Monday’s open after China accused the U.S. of breaching the terms of the trade deal agreed to last month, adding that it vows to respond. This is just the latest tension between the two sides.
  • Investors will be paying attention to jobs data coming in this week. The Job Openings and Labor Turnover survey and the ADP Private Payrolls Report will give Wall Street a glimpse of the job market before the April Jobs Report comes out on Friday.
  • As June trading begins, the S&P 500 is coming off its best month since November 2023. The DOW is also coming off a strong May, with a gain of 4%.

Opening Bell
DiamondRock Hospitality (NYSE: DRH) celebrates its 20th anniversary of listing

Closing Bell
Grindr (NYSE: GRND) celebrates Pride Month 2025

Click here to download the NYSE TV App

Video – https://mma.prnewswire.com/media/2701036/NYSE_Market_Update_June_2.mp4

 

What are Akuvox’s Latest Offerings that Cement its Leadership in Smart Intercoms?

XIAMEN, China, June 2, 2025 /PRNewswire/ — Akuvox, a leader in smart intercom and smart home solutions, proudly announced the launch of two groundbreaking products: X937 Surveillance + Intercom AI Monitor and the X910 Single-Button Package Detection Door Phone. The launch of the two new models marks one step forward for Akuvox in secure communication and surveillance, delivering seamless integration, advanced functionality, and unparalleled user experience for residential and commercial applications.

Akuvox Unveils X937 Surveillance + Intercom AI Monitor, X910 Single-Button Package Detection Door Phone
Akuvox Unveils X937 Surveillance + Intercom AI Monitor, X910 Single-Button Package Detection Door Phone

Akuvox X937 Surveillance + Intercom AI Monitor

The Akuvox X937, a 15.6-inch indoor monitor running Android 14, is the first to unify surveillance, smart intercom, and an LLM-powered voice assistant. Key features include:

  • Unified Command Hub: Displays up to 25 live camera feeds from NVRs connected via HDMI input or LAN auto-detection, manages video calls, and controls door access through an intuitive interface.
  • AI Voice Assistant: Powered by a large language model, the AI voice assistant interprets natural speech to control the X937, third-party systems, or smart home devices.
  • Google-Certified Flexibility: GMS certification enables access to millions of Google Play apps, transforming the X937 into a versatile hub for streaming, cooking, or music.

Akuvox X910 Single-Button Package Detection Door Phone

The Akuvox X910 is a compact, single-button intercom tailored for upscale single-family homes. Its standout features include:

  • Real-Time Parcel Tracking: Continuous monitoring with instant notifications via the Akuvox SmartPlus app or indoor monitors ensures package security.
  • Dual Camera System: 5MP HDR main camera (150°H/116°V) and 2MP secondary camera deliver 2K video, eliminating blind spots in any lighting.
  • Versatile Smart Access: Supports BLE, QR codes, NFC, RFID, and app-based remote unlocking for secure, tailored entry.

Akuvox Smart Intercom: One Step Forward

These products mark a shift toward integrated, AI-driven advanced security for high-end markets. The Akuvox X937’s fusion of surveillance, intercom, and natural language processing sets a new benchmark for indoor monitors, while the Akuvox X910 redefines door phones by combining access control with proactive monitoring. Together, they deliver smart, scalable solutions for the high-end market.

“Akuvox’s X937 and X910 empower users with intuitive, secure technology,” said Will Chen, GM of Akuvox. “These devices adapt to modern lifestyles, offering precision, reliability, and elegance to transform how we interact with our spaces.”

DTX Group Debuts as Global Force, Powered by Strategic Vision and Independence Under Hussein Lookmanjee’s Leadership

Backed by years of preparation and a clear global strategy, DTX Group launches to capitalize on emerging market opportunities and reshape the international aviation maintenance landscape.

DUBAI, UAE, June 2, 2025 /PRNewswire/ — DTX Group proudly announces its official launch, marking a strategic evolution in the global aerospace sector. This milestone coincides with Hussein Lookmanjee’s full divestment from Drayton Aerospace, with his remaining equity acquired by Lion Capital. This move enables Lookmanjee to fully commit his efforts and resources to the international growth and leadership of DTX Group.

In 2019, Drayton Aerospace defined two parallel strategic paths: a regional focused business led by local management, and an international division under the leadership of Hussein Lookmanjee. Recognizing Lookmanjee’s strengths in launching greenfield operations, the board tasked him with leading international operations, while localizing leadership of its China operations by appointing Mr. Hong Qi Ye as the China President, in 2020 and later in 2021, Mr. Steven Young as CEO of Drayton Aerospace.

Importantly, while Lion Capital has assumed the controlling interest of Drayton Aerospace’s China-based operations; along with eight other Chinese partners, all non-China Drayton entities—including the Brazil-based MRO companies and global support units—are now part of the DTX Group and remain under the sole ownership of Hussein Lookmanjee. This structural realignment reflects the differing strategic priorities between the China-focused shareholders and the internationally driven DTX team.

Over the last six years, Lookmanjee and his senior team have built a strong global platform—opening new maintenance facilities, launching a parts distribution business, and expanding into key markets such as South America and the Middle East. Under his leadership Drayton Aerospace has become a leading independent player in the civil, freight aviation MRO markets.

“Now is the right time for this transition,” said Hussein Lookmanjee. “DTX Group has evolved into a globally competitive business that merits dedicated focus. This move enables us to pursue our original international vision with greater clarity and autonomy. We plan to fully invest the proceeds from the Drayton divestment into strategic growth opportunities, including three exciting acquisitions slated for completion before year’s end.”

Although DTX Group’s international strategy experienced temporary delays during the COVID-19 pandemic, momentum has since resumed. Formally established in September 2024, DTX Group is headquartered in the Middle East, with its parts trading business operating in the United States and two MRO facilities located in Brazil. The Group is on track to launch a new MRO facility in the Middle East by Q3 2025. with additional expansion targeted across Africa and Europe.

DTX Group will now operate independently to pursue global growth opportunities. Its international team—assembled and refined over several years—has been fully integrated into the organization and is well-positioned to lead the next phase of development with a clear and focused strategic vision.

For more information, please visit:

www.dtx.aero

 

Join the Manufacturing Digitalization Expo 2025 in Shanghai, June 17-19!

SHANGHAI, June 2, 2025 /PRNewswire/ — The Manufacturing Digitalization Expo (Shanghai), organized by Digit Events Ltd., will hold its grand opening from 17 to 19 June, 2025, at the Shanghai New International Expo Centre. World of Digitalization (WOD), a platform dedicated to leveraging digital technology to empower the real economy, is the flagship brand under Digit Events.

Join the Manufacturing Digitalization Expo 2025 in Shanghai, June 17-19!
Join the Manufacturing Digitalization Expo 2025 in Shanghai, June 17-19!

As the world’s first professional exhibition focusing on the full scenario of manufacturing digitalization, this year’s event will bring together over 200 leading enterprises from 10 countries and regions. The expo is expected to attract more than 20,000 professional visitors.

Global leading enterprises gather to meet the manufacturing industry needs

The expo has attracted participation from intelligent manufacturing companies such as Siemens, Rockwell Automation, HollySys, INSPUR, Shanghai Electric, FANUC, FESTO, HEXAGON, Dassault Systems, ZWSOFT etc. This has resulted in a comprehensive digital solution matrix covering key sectors including automotive, electronics, petrochemicals, machinery, pharmaceuticals, and aerospace etc. By May 15, over 1,300 procurement requests have been received, with the potential to facilitate industrial cooperation exceeding 2 billion US$.

Exhibitor Siemens said that it hopes to use the WOD platform to enable Siemens Xcelerator to cover digital and low-carbon transformation solutions in multiple industries and scenarios to reach more enterprises, help them move from the exploration stage to the breakthrough of implementation, and accelerate the realization of intelligent upgrading.

100 Key Opinion Leaders decode the future path of intelligent manufacturing

World Manufacturing Digitalization Conference will be held concurrently, with 18 cutting-edge topics set up. A panel of 100 experts led by members of the German National Academy of Engineering will release 37 benchmark enterprise transformation cases around hot topics such as ESG, which will provide important practical reference for the digital transformation of manufacturing industry.

Setting up an innovation incubation zone to foster new digital forces

“Innovation incubation zone” gathers more than 30 new technology enterprises in the fields of artificial intelligence and industrial big data, building a collaborative innovation platform and committed to incubating “hidden champions” of the next generation of digital manufacturing technology.

Establishing t he mDX award to set a benchmark for industry transformation

As of 15 May, the pre-registration visitor has exceeded 15,000 people. The organizer sincerely invites global manufacturers to gather in Shanghai and participate in this premium global manufacturing digitalization event.

For more information about Manufacturing Digitalization Expo 2025, please visit: www.en.wodexpo.com

Ms. You GU
Tel: +86-21-5298 8605
Email: Vera.Gu@digitevents.com