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Firstsource named a ‘Star Performer’ and a ‘Major Contender’ in Everest Group’s Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025

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MELBOURNE, Australia, Aug. 12, 2025 /PRNewswire/ — Firstsource Solutions Limited (NSE: FSL) (BSE:532809), a leading global provider of specialist domain-led Business Process Services (BPS) and an RP-Sanjiv Goenka Group company, has been recognized as a Star Performer and a Major Contender in Everest Group’s Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025. This dual recognition indicates Firstsource’s year-on-year improvement in both market impact and vision & capability dimensions among 36 global providers, based on its ongoing innovation, investments, and growth.

Firstsource named a ‘Star Performer’ and a ‘Major Contender’ in Everest Group’s Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025
Firstsource named a ‘Star Performer’ and a ‘Major Contender’ in Everest Group’s Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025

Everest Group recognized Firstsource for its strong UK presence, expanded scope from fraud specialization to end-to-end FCC operations, and its AI-powered, BPaaS-led delivery model. The Star Performer distinction, awarded selectively to providers demonstrating the most substantial year-on-year progress, underscores the success of Firstsource’s differentiated UnBPO™ strategy in reshaping FCC delivery. 

Vivek Sharma, Head – BFS, CMT, and Emerging Geos, Firstsource, shared, “Being named both a Major Contender and a Star Performer by Everest Group is strong validation of our strategy to build one of the most agile and future-ready FCC delivery models in the industry. The Star Performer distinction, especially, reflects the pace and quality of our progress. Through our UnBPO™ approach, we’re blending deep domain expertise with GenAI and Agentic AI to help financial institutions detect, investigate, and respond to financial crime – faster, smarter, and with greater personalization. In the US, we’re seeing strong momentum as more financial institutions choose us as their partner for scalable, AI-powered compliance – a clear signal that we’re solving for today while building for what’s next.”

Dheeraj Maken, Practice Director, Everest Group, shared, “As buyers look for delivery partners that balance operational scale with targeted technology investments, Firstsource offers a geographically distributed FCC delivery model combined with gradual gen AI adoption.

Firstsource has invested in modular AI tools such as Firstsource relAI™ and Analyst Co-Pilot, alongside training initiatives through the Firstsource Academy to enhance its capabilities in alert handling, QA automation, and investigation workflows. These elements have contributed to its recognition as a Major Contender and Star Performer in our Financial Crime and Compliance (FCC) Operations Services PEAK Matrix® Assessment 2025.”

Key highlights from the report:

  • AI-powered BPaaS model: Firstsource has evolved its BPaaS offering, initially anchored by the Muimos partnership, into a flexible and scalable platform that delivers end-to-end FCC coverage across AML, KYC, and fraud.
  • Future-ready workforce through FCC Academy: With GenAI-powered skilling solutions such as AI Coach and automation-led QA, the FCC Academy is accelerating analyst readiness and setting new benchmarks for professional FCC delivery.
  • Operational impact through modular AI and automation: Investments in solutions like Firstsource relAI™, Analyst Co-Pilot, and Digital Cockpit are reducing false positives, improving alert accuracy, and expediting fraud and AML investigations.
  • Balanced global presence: Building on its strong UK foundation, Firstsource is actively expanding FCC delivery capabilities in North America while leveraging offshore, nearshore, and client-site operations to provide scale, resilience, and regulatory alignment.

To download a copy of the report, please visit: https://www.firstsource.com/about/analyst-recognitions/everest-fcc-peak-matrix-2025-recognition

About Everest Group

Everest Group is a leading global research firm helping business leaders make confident decisions. Everest Group’s PEAK Matrix® assessments provide the analysis and insights enterprises need to make critical selection decisions about global services providers, locations, products and solutions within various market segments. Likewise, providers of these services, products, and solutions, look to the PEAK Matrix® to gauge and calibrate their offerings against others in the industry or market. Find further details and in-depth content at www.everestgrp.com.

About Firstsource

Firstsource Solutions Limited, an RP-Sanjiv Goenka Group company (NSE: FSL) (BSE: 532809) (Reuters: FISO.BO) (Bloomberg: FSOL:IN), is a global leader providing business process solutions and services spanning the customer lifecycle across Healthcare, Banking and Financial Services, Communications, Media and Technology, Retail, and other diverse industries. With a global footprint across US, UK, India, Philippines, Mexico, Romania, Turkey, Trinidad & Tobago, South Africa, and Australia, we ‘make it happen’ for our clients, solving their biggest challenges with hyper-focused, domain-centered teams and cutting-edge tech, data, and analytics. Our inch-wide, mile-deep practitioners work collaboratively, leveraging UnBPO™ – our differentiated approach to reimagining traditional outsourcing – to deliver real-world, future-focused solutions that drive speed, scale, and smarter decision, turning transformation into tangible results for our clients. (www.firstsource.com)

Disclaimer
Licensed extracts taken from Everest Group’s PEAK Matrix® Reports may be used by licensed third parties for use in their own marketing and promotional activities and collateral. Selected extracts from Everest Group’s PEAK Matrix® reports do not necessarily provide the full context of our research and analysis. All research and analysis conducted by Everest Group’s analysts and included in Everest Group’s PEAK Matrix® reports is independent and no organization has paid a fee to be featured or to influence their ranking. To access the complete research and to learn more about our methodology, please visit Everest Group PEAK Matrix® Reports.

 

Mabwell Announces First Patient Dosed in the US Clinical Study of Bulumtatug Fuvedotin in TNBC Patients Previously Treated with ADCs

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SHANGHAI, Aug. 12, 2025 /PRNewswire/ — Mabwell (688062.SH), an innovative biopharmaceutical company with entire industry chain, announced the first patient dosing in the U.S. for a clinical study of its novel nectin-4-targeting antibody-drug conjugate (Bulumtatug Fuvedotin, or BFv, R&D code: 9MW2821) in triple-negative breast cancer (TNBC) patients previously treated with antibody-drug conjugate (ADC). This is the first overseas clinical study of 9MW2821, representing a significant step in Mabwell’s global development of ADC therapeutics.

The multicenter clinical study (NCT06908928) aims to evaluate the efficacy and safety of BFv in TNBC patients previously treated with a taxane and an antibody-drug conjugate with a topoisomerase inhibitor payload. The first subject has been dosed at Memorial Sloan Kettering Cancer Center.

So far, treatment options for TNBC remain limited. While topoisomerase inhibitor-based ADCs (TOPi-ADCs) are emerging as a mainstream post-standard therapy option, a high proportion of patients progress after TOPi-ADC treatment, indicating significant unmet clinical needs due to the lack of alternative therapies.

BFv is a novel Nectin-4 targeting ADC leveraging next-generation site-specific conjugation technology. Composed of a novel antibody, an optimized linker, and cytotoxic payload MMAE (Monomethyl auristatin E), it has good profile of tumor binding and target specificity. BFv is protected by multiple patents in China and internationally through the PCT. Studies demonstrate its superior characteristics including more homogeneous components, significantly lower toxin release in plasma and enhanced cytotoxic payload delivery efficiency which leads to substantially increased intratumoral drug concentration.

Considering high expression of Nectin-4 in TNBC, BFv’s clinical study on TNBC imposes no biomarker screening requirements, holding potential for broad patient coverage and offering a novel therapeutic option for TNBC patients.

About Triple-negative breast cancer (TNBC)

TNBC accounts for approximately 15% to 20% of all breast cancer cases globally, and is generally thought as a subtype with the most malignancy due to the lack of specific therapeutic targets. The global number of incident cases of TNBC increased from 320.1 thousand in 2019 to 361.2 thousand in 2023, and is expected to further increase to 479.4 thousand in 2032. In China, the number of incident cases of TNBC increased from 49.5 thousand in 2019 to 54.8 thousand in 2023, and is expected to further increase to 65.4 thousand in 2032.

About Bulumtatug Fuvedotin

Bulumtatug Fuvedotin (BFv) is a novel Nectin-4 targeting ADC using Mabwell’s proprietary next-generation IDDC™ platform. It stands out as the first clinical-stage drug candidate among Chinese companies for this specific target. And it’s the first Nectin-4 targeting ADC to disclose clinical efficacy data in cervical, esophageal, and breast cancers. For urothelial carcinoma, both monotherapy and combination therapy with a PD-1 inhibitor have advanced to Phase III clinical studies, making it the first among Chinese candidates and second globally in this field, and have been granted Breakthrough Therapy Designation by CDE of NMPA in China. For cervical cancer, it is the first Nectin-4-targeting ADC worldwide to enter Phase III studies. BFv has been granted multiple Fast Track designations (including for locally advanced or metastatic Nectin-4-positive triple-negative breast cancer) and Orphan Drug designation by US FDA.

About Mabwell
Mabwell (688062.SH) is an innovation-driven biopharmaceutical company with the entire value chain of the pharmaceutical industry. The company provides more effective and accessible therapy and innovative medicines to fulfill global medical needs, focusing on oncology and aging-related disease indications. Mabwell’s mission is “Explore Life, Benefit Health” and its vision is “Innovation, from ideas to reality”. For more information, please visit www.mabwell.com/en.

Forward-Looking Statements
This press release contains forward-looking statements including, but not limited to, the potential safety, efficacy, regulatory review or approval and commercial success of our product candidates and those relating to the Company’s product development, clinical studies, clinical and regulatory milestones and timelines, market opportunity, competitive position, possible or assumed future results of operations, business strategies, potential growth opportunities and other statements that are predictive in nature. “Forward-looking statements” are statements that are not historical facts and involve a number of risks and uncertainties, which may cause actual results to be materially different from any future results expressed or implied in the forward-looking statements. These statements may be identified by the use of forward-looking expressions, including, but not limited to, “expect,” “anticipate,” “intend,” “plan,” “believe,” “estimate,” “potential,” “predict,” “project,” “should,” “would,” and similar expressions and the negatives of those terms.

Forward-looking statements are based on the Company’s current expectations and assumptions. Forward-looking statements are subject to a number of risks, uncertainties, and other factors, many of which are beyond the Company’s control, including, but not limited to: environment; politic; economy; society; legislation; our dependence on our product candidates, most of which are still in preclinical or various stages of clinical development; our reliance on third-party vendors, such as contract research organizations and contract manufacturing organizations; the uncertainties inherent in clinical testing; our ability to complete required clinical trials for our product candidates and obtain approval from regulatory authorities for our product candidates; our ability to protect our intellectual property; the potential impact of COVID-19; the loss of any executive officers or key personnel. In case one or more of these risks or uncertainties deteriorate, or any assumptions are incorrect, the actual results may be seriously inconsistent with the stated results.

The Company cautions all the persons not to place undue reliance on any such forward-looking statements, which speaks only as of the date of this press release. The Company disclaims any obligation, except as specifically required by law and the rules of the applicable Stock authority to publicly update or revise any such statements to reflect any change in expectations or in events, conditions, or circumstances on which any such statements may be based, or that may affect the likelihood that actual results will differ from those set forth in the forward-looking statements. All forward-looking descriptions, figures and assumptions in this press release are applicable to this statement.

H.I.G. WhiteHorse Closes $5.9 Billion H.I.G. WhiteHorse Middle Market Lending Fund IV

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MIAMI, Aug. 12, 2025 /PRNewswire/ — H.I.G. WhiteHorse, the direct lending credit affiliate of H.I.G. Capital (“H.I.G.” or the “Firm”), a leading global alternative asset management firm with $70 billion of capital under management, today announced the final closing of H.I.G. WhiteHorse Middle Market Lending Fund IV (“Fund IV”). Fund IV closed with $5.9 billion* of assets and continues the Firm’s successful strategy of originating senior secured loans across the U.S. middle market.

H.I.G. WhiteHorse has invested approximately $18 billion in U.S. direct lending transactions. The WhiteHorse team has invested in over 285 middle market companies, primarily through senior secured floating rate loans, often with bespoke terms and conservative loan-to-value ratios. Fund IV focuses on originating senior secured loans to both sponsor and non-sponsor borrowers with EBITDA generally between $30 and $100 million.

Sami Mnaymneh and Tony Tamer, H.I.G. Co-Founders and Co-Executive Chairmen, commented: “H.I.G. is one of largest and most active credit investors in the middle market where H.I.G. WhiteHorse is an established leader. We have been disciplined in maintaining our middle market focus and are confident that our unique platform targeting both non-sponsor and sponsor borrowers will continue to set us apart in this space.”

Stuart Aronson, Executive Managing Director and CEO of H.I.G. WhiteHorse, commented: “We believe the coming years will offer a compelling opportunity to serve as a value-added financing partner to both sponsor and non-sponsor middle market companies seeking private debt solutions. With 24 originators in 13 regional markets, H.I.G. WhiteHorse is well-positioned to source strong and differentiated deal flow for our investors.”

“Fund IV attracted a diverse group of limited partners seeking differentiated deal flow coupled with a rigorous “PE-style” of credit underwriting, delivering downside protection with attractive yield,” said Jordan Peer Griffin, Executive Managing Director and Global Head of Capital Formation for H.I.G. “We appreciate our partners’ confidence in our ability to continue our long history of delivering superior risk-adjusted returns across shifting market environments.”

Fund IV was supported by a global group of limited partners that include public and private sector pensions, sovereign wealth funds, endowments, foundations, consultants, financial institutions, and family offices in North America, Europe, Asia, and the Middle East.

About H.I.G. WhiteHorse

H.I.G. WhiteHorse provides debt financing to both non-sponsor and sponsor middle market companies across a wide range of industries, including Business Services, Industrials, Consumer and Retail, Financial Services, Healthcare, and Telecom, Media and Technology. H.I.G. WhiteHorse has a broad investment mandate and provides primarily senior secured debt for refinancings, growth capital, acquisitions, buyouts, and balance sheet recapitalizations. H.I.G. WhiteHorse’s team of 85 credit professionals, across the U.S. and Europe, brings extensive experience and a proven track record of providing creative financing structures and employing a long-term relationship-oriented portfolio management philosophy. For more information, please visit whitehorse.com.

About H.I.G. Capital

H.I.G. Capital is a leading global alternative investment firm with $70 billion** of capital under management. Based in Miami, and with offices in Atlanta, Boston, Chicago, Los Angeles, New York, San Francisco, and Stamford in the United States, as well as international affiliate offices in Hamburg, London, Luxembourg, Madrid, Milan, Paris, Bogotá, Rio de Janeiro, São Paulo, Dubai, and Hong Kong, H.I.G. specializes in providing both debt and equity capital to middle market companies, utilizing a flexible and operationally focused/value-added approach:

  • H.I.G.’s equity funds invest in management buyouts, recapitalizations, and corporate carve-outs of both profitable as well as underperforming manufacturing and service businesses.
  • H.I.G.’s debt funds invest in senior, unitranche and junior debt financing to companies across the size spectrum, both on a primary (direct origination) basis, as well as in the secondary markets. H.I.G. also manages a publicly traded BDC, WhiteHorse Finance.
  • H.I.G.’s real estate funds invest in value-added properties, which can benefit from improved asset management practices.
  • H.I.G. Infrastructure focuses on making value-add and core plus investments in the infrastructure sector.

Since its founding in 1993, H.I.G. has invested in and managed more than 400 companies worldwide. The Firm’s current portfolio includes more than 100 companies with combined sales in excess of $53 billion. For more information, please refer to the H.I.G. website at hig.com.

*Reflects total investable assets, including equity commitments in related vehicles and expected leverage.
**Based on total capital raised by H.I.G. Capital and its affiliates.

Contact:

Stuart Aronson
Executive Managing Director
saronson@whitehorse.com

Jordan Peer Griffin
Executive Managing Director
jpeer@hig.com

H.I.G. Capital
1450 Brickell Avenue
31st Floor
Miami, FL 33131
P: 305.379.2322
hig.com

Bybit Reshapes WSOT 2025 with 10 Million USDT Prize Pool, Zero Barriers to Entry

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DUBAI, UAE, Aug. 12, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is excited to announce the trading competition of the year, Bybit’s flagship World Series of Trading (WSOT) 2025 is kicking off on August 12, 2025 at 10AM UTC.

Bybit Reshapes WSOT 2025 with 10 Million USDT Prize Pool, Zero Barriers to Entry
Bybit Reshapes WSOT 2025 with 10 Million USDT Prize Pool, Zero Barriers to Entry

As the world’s longest-running crypto trading competition, WSOT enters a pivotal year to rewrite and reshape crypto trading in its 2025 edition. Manifesting the vision to transform crypto into a more inclusive, engaging, and fairer space, WSOT 2025 marks a significant evolution in competitive crypto trading with zero equity requirements at the registration stage.

With the sector reinventing itself with CEX and DEX innovation, and renewed synergy with traditional finance (TradFi), WSOT 2025 expands its global arena to help traders capture on-chain opportunities and explore tokenized TradFi offerings. The latest additions, compounded by the network effect through Bybit’s ecosystem partners, allows competitive traders of all specialities to truly shine.

Breaking from tradition, WSOT 2025 removes all financial prerequisites for participation at the sign-up stage while maintaining the platform’s commitment to rewarding skill, strategy, and leadership. Any eligible trader who completes KYC verification can now register for WSOT, democratizing access to what has become the crypto industry’s most prestigious trading competition.

WSOT 2025: Rewriting Rules for Fairer Play

WSOT 2025 is refreshed with Bybit’s mission to rewrite and reshape, supported by a network of partners from the non-profit sector, the blockchain and crypto ecosystem, and financial services providers, including EthicHub, the Blockchain for Good Alliance, SoSoValue, SUI, CryptoBanter, Chart Champions, Dusty BC, Michael Devlin, among others.

The format of the games has evolved in parallel, now boasting a total of 10 million USDT in prizes. In addition to the main tournament, side competitions such as the pregame—WSOT Trader’s Camp, and WSOT On-Chain Trader House—a DEX competition co-hosted by Bybit Web3 and Byreal, offer alternative access to separate prize pools and bonuses.

WSOT 2025’s tiered and weighted system ensures fair competition by allowing traders to compete within their own weight class—from Beginner ($100) to Heavyweight ($10,000)—with dedicated prize pools for each division.

The Main Competition takes place from August 27, 10AM UTC to September 15, 10AM UTC and features four rewards categories with a 8 million USDT prize pool:

  • Global Squad PnL%: 3.6M USDT in prizes with the highest-ranking leaders of the top 40 squads claiming 20% of the squad prize pool
  • Global individual profit: 1.2M USDT in prizes with leaderboard ranked according to “weights” from beginner to heavyweight.
  • Regional trading volume: 2.44M USDT with a total of nine regions are set for WSOT 2025, ranked by the sum of trading volume of participants under each region
  • Individual daily PnL%: Daily fixed prize pool of 40,000 USDT for 19 days for the top 100 winners

The diverse rewards tracks provide participants with more ways to win: from leaderboards, awards for squad and individual performance, to localized livestream giveaways, the entire WSOT community, regardless of trading volume, can share in the passion for crypto in WSOT 2025.

Key Dates

  • Early Registration: Aug 12, 10AM UTC, 2025 – Aug 18, 10AM UTC
  • General Registration: Aug 18, 10AM UTC – Aug 27, 2025, 10AM UTC
  • Late Registration: Aug 27, 2025, 10AM UTC – Sep 6, 2025, 10AM UTC

“WSOT 2025 represents our vision of truly inclusive and engaging competitive trading,” said Ben Zhou, co-founder and CEO at Bybit. “We welcome traders at every level to prove their mettle on the world’s largest crypto trading stage. As long as you love crypto, WSOT is your place to be.”

Restrictions and user requirements apply. For the full sets of rules and terms and conditions, users may visit: WSOT 2025 or learn more about the competition here.

#Bybit / #TheCryptoArk /#WSOT2025

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 70 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press
For media inquiries, please contact: media@bybit.com
For updates, please follow: Bybit’s Communities and Social Media

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DXC Powers Northeast Grocery’s Digital Transformation, Delivers $40 Million in Savings

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DXC simplified complexities for Northeast Grocery and accelerated its roadmap for innovation

ASHBURN, Va., Aug. 12, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced its strategic role supporting the digital transformation of Northeast Grocery, Inc. (Northeast Grocery), the parent company of Market 32 and Price Chopper and Tops Friendly Markets (Tops). Through this collaboration, DXC led the modernization of Northeast Grocery’s IT infrastructure, delivering more than $40 million in savings over five years and setting the stage for future innovation.

 

DXC Powers Northeast Grocery’s Digital Transformation, Delivers $40 Million in Savings

Since 2008, DXC has supported Tops through many milestones of growth and evolution. This includes the 2021 merger between Market 32 and Price Chopper and Tops– two leading grocers in the northeastern United States operating nearly 300 stores. Northeast Grocery sought to create operational efficiencies through the consolidation of its IT infrastructures and selected DXC to lead this critical transformation, helping to optimize its operations, simplify complexities and accelerate its roadmap for innovation, including leveraging generative AI.

“As part of our merger, we needed to realize productivity gains and drive synergies as we unified our mainframe infrastructure,” said Scott Kessler, EVP and CIO at Northeast Grocery. “Throughout the transition, DXC enabled us to continue offering our customers the excellent service they’ve come to expect and helped us prepare for the future as we endeavor into AI and other next-generation technologies.”

DXC provides comprehensive support to Northeast Grocery to optimize operations and maximize IT investments, which recently included updating its mainframe system with a zLinux environment to increase compute capacity. These modernization efforts empower Northeast Grocery to focus on growth, innovation, and customer experience, paving the way for future growth. DXC also supports the grocer’s software engineering and IT operations managed services, as well as its internal device management and workplace collaboration across business operations.

“At DXC, we are committed to helping customers maximize the value of their technology investments and build for the future,” said Chris Drumgoole, President, Global Infrastructure Services at DXC. “By modernizing Northeast Grocery’s IT infrastructure, we’ve helped deliver significant cost savings and greater operational efficiency, allowing them to reinvest in stores, customer experience, and future innovation. We look forward to continuing our collaboration, integrating AI and accelerating their digital transformation.”

For more information on DXC and Northeast Grocery’s partnership, visit here.

About DXC Technology
DXC Technology (NYSE: DXC) is a leading global provider of information technology services. We’re a trusted operating partner to many of the world’s most innovative organizations, building solutions that move industries and companies forward. Our engineering, consulting and technology experts help clients simplify, optimize and modernize their systems and processes, manage their most critical workloads, integrate AI-powered intelligence into their operations, and put security and trust at the forefront. Learn more on dxc.com.

About Northeast Grocery
Headquartered in Schenectady, NY, Northeast Grocery, Inc. (Northeast Grocery) is the parent company of Market 32, Price Chopper, and Tops Friendly Markets, which collectively operate nearly 300 supermarkets across New York, Massachusetts, Vermont, Connecticut, Pennsylvania, and New Hampshire and employ more than 30,000 teammates/associates. Northeast Grocery is No. 46 on The PG 100, Progressive Grocer’s 2025 list of the top food and consumables retailers in North America. With more than 150 years of industry leadership combined, Market 32, Price Chopper, and Tops share longstanding traditions of innovative food merchandising and exceptional customer service and are driven to provide sustainably sourced, high-quality products to nourish the communities in which they operate while reducing environmental waste and energy consumption. For additional information, please visit www.pricechopper.com and www.topsmarkets.com.

 

Massimo Motor Expands Sales Network into Oregon and Arkansas, Adding Over 100 Locations

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GARLAND, Texas, Aug. 12, 2025 /PRNewswire/ — Massimo Motor, a subsidiary of Massimo Group (NASDAQ: MAMO), today announced it has successfully obtained the necessary licensing with its partners to launch sales of its products in the states of Oregon and Arkansas. This expansion will add over 100 new big-box retail locations to Massimo’s existing footprint. Products are expected to be available in these new markets in early September.

This expansion is projected to add significant sales during the holiday season based on current initial stocking and re-order trends at the company’s existing footprint.

“In recent weeks, we’ve had productive discussions with top-tier retailers, and the traction we’re seeing in core markets continues to accelerate,” said David Shan, CEO of Massimo Motor. “Adding Oregon and Arkansas is a significant milestone that strengthens our retail presence and positions us for anticipated sustained growth.”

This expansion comes on the heels of strategic enhancements to Massimo’s global sourcing and logistics model, including expanded factory partnerships in Vietnam. These improvements have reduced lead times, improved product flow, and increased operational flexibility — enabling the company to scale effectively with seasonal demands in Q3 and Q4 while maintaining strong dealer and customer support.

“We’re seeing real momentum across the board,” Shan added. “From product availability to partner readiness, Massimo is well-positioned to meet market needs as we enter a peak sales cycle — and this move into Oregon and Arkansas is just the beginning.”

About Massimo Group (NASDAQ: MAMO)
Massimo Group is a manufacturer and distributor of powersports products. Headquartered in Texas, the company offers a full lineup of UTVs, ATVs, and mini bikes built for outdoor adventure. Massimo Group is dedicated to providing high-performance, reliable, and affordable vehicles for consumers across the United States.

Forward-Looking Statements
This press release contains certain forward-looking statements within the meaning of the federal securities laws with respect to Massimo. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo’s future results of operations and financial position, Massimo’s business strategy, prospective costs, timing and likelihood of success, plans and objectives of management for future operations, future results of current and anticipated operations of Massimo are forward-looking statements. In some cases, forward-looking statements can be identified because they contain words such as “anticipate,” “believe,” “estimate,” “expect,” “intend,” “may,” “predict,” “project,” “target,” “potential,” “seek,” “will,” “would,” “could,” “should,” “continue,” “contemplate,” “plan,” and other words and terms of similar meaning. These forward-looking statements are subject to a number of risks, uncertainties and assumptions, including, but not limited to, risks relating to Massimo which may be affected by, among other things, competition, the ability of the combined company to grow and manage growth economically and hire and retain key employees; costs; changes in applicable laws or regulations; the possibility that Massimo may be adversely affected by other economic, business, and/or competitive factors; and other risks and uncertainties, including those under “Risk Factors” in filings with the SEC made by Massimo. Moreover, Massimo operates in very competitive and rapidly changing environments. Because forward-looking statements are inherently subject to risks and uncertainties, some of which cannot be predicted or quantified and some of which are beyond Massimo’s control, you should not rely on these forward-looking statements as predictions of future events. Forward-looking statements speak only as of the date they are made. No assurance can be given regarding the forward-looking statements, and actual results may differ materially from those as indicated. Massimo undertakes no obligation to update these statements for revisions or changes after the date of this release, except as required by law.

Company
Dr. Yunhao Chen
Chief Financial Officer
Massimo Group
ir@massimomotor.com

Corporate Communications
IBN
Austin, Texas
www.InvestorBrandNetwork.com
512.354.7000 Office
Editor@InvestorBrandNetwork.com

Leidos achieves premier AWS status, advances secure information sharing in support of AUKUS

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RESTON, Va., Aug. 12, 2025 /PRNewswire/ — In support of advancing secure information sharing across agencies and allied nations, including efforts tied to AUKUS Pillar 2, Leidos (NYSE: LDOS) recently achieved Trusted Secure Enclave (TSE) Vetted Partner status from Amazon Web Services (AWS). This premier designation is awarded to organizations that meet the highest standards for secure enclave design and deployment.

At the core of this designation is the Leidos Secure Environment (LSE), a cloud-based, automated infrastructure and governance platform built on AWS TSE. LSE enables secure collaboration across multi-organization and international environments, allowing global teams to jointly conduct design, research, and development for sensitive workloads and data.

“Achieving AWS Vetted Partner status validates our leadership in building secure cloud architectures for the world’s most complex missions,” said Kevin Fogarty, senior vice president and chief technology officer for the Commercial and International Sector at Leidos. “Solutions like LSE provide an ideal foundation for AUKUS information sharing, which requires highly secure policy-driven collaboration that can be delivered at speed and scale.”

“As a TSE Vetted Partner, Leidos strengthens our global national security and defense ecosystem by providing trusted, innovative solutions leveraging the unmatched speed and efficiency of the AWS hyper-scale cloud,” said John Nicely, global national security and defense at AWS. “Our collaboration enables LSE’s rapid, secure infrastructure deployment — while maintaining the highest standards of verification and compliance — to help safeguard nations and allies when time is of the essence.”

As global missions grow more interconnected, the ability to securely share information across agencies and allied nations is essential. This achievement positions Leidos at the forefront of enabling trusted and cross-border collaboration and technology modernization efforts.

About AUKUS

AUKUS is a trilateral security partnership between Australia, the United Kingdom, and the United States. It focuses on promoting a free and open Indo-Pacific region through defense cooperation, including the sharing of advanced military technologies. AUKUS has two main pillars: Pillar 1 involves Australia acquiring nuclear-powered submarines, while Pillar 2 focuses on collaborating on advanced technologies like artificial intelligence, cyber, hypersonics and maritime autonomy. 

About Leidos

Leidos is an industry and technology leader serving government and commercial customers with smarter, more efficient digital and mission innovations. Headquartered in Reston, Virginia, with 47,000 global employees, Leidos reported annual revenues of approximately $16.7 billion for the fiscal year ended January 3, 2025. For more information, visit www.leidos.com.

Certain statements in this announcement constitute “forward-looking statements” within the meaning of the rules and regulations of the U.S. Securities and Exchange Commission (SEC). These statements are based on management’s current beliefs and expectations and are subject to significant risks and uncertainties. These statements are not guarantees of future results or occurrences. A number of factors could cause our actual results, performance, achievements, or industry results to be different from the results, performance, or achievements expressed or implied by such forward-looking statements. These factors include, but are not limited to, the “Risk Factors” set forth in Leidos’ Annual Report on Form 10-K for the fiscal year ended January 3, 2025, and other such filings that Leidos makes with the SEC from time to time. Readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date hereof. Leidos does not undertake to update forward-looking statements to reflect the impact of circumstances or events that arise after the date the forward-looking statements were made.

Contact:                                                       

Victor Melara
Senior Media Relations Manager
703.431.4612
victor.a.melara@leidos.com 

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ReTo RT18A Production Line Wins Favor of UAE Client and Successfully Ships

By
Advertorial Desk
-

BEIJING, Aug. 12, 2025 /PRNewswire/ — ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (“ReTo” or the “Company”) today announced that its subsidiary, Beijing REIT Equipment Technology Co., Ltd., has once again partnered with a long-standing client in the United Arab Emirates (the “UAE”) to complete the successful shipment of the RT18A fully automatic production line. This collaboration not only further consolidates ReTo’s leading position in the global high-end equipment manufacturing sector, but also underscores the enduring trust of its UAE client in ReTo’s product quality and technological innovation.

It is reported that as early as 2009, this client introduced ReTo’s RT15A fully automatic production line. Leveraging its exceptional stability and high production capacity, the equipment helped the client secure a significant share of the local market. Many years later, the client has once again chosen ReTo, this time purchasing the newly upgraded RT18A large-scale fully automatic production line, demonstrating a high level of confidence in the ReTo brand.

As ReTo’s latest high-end intelligent manufacturing solution, the RT18A production line integrates advanced automation control technology, an intelligent management system, and a highly efficient, energy-saving design. It significantly enhances production efficiency, reduces operating costs, and meets the client’s requirements for large-scale, intelligent, and environmentally sustainable manufacturing. This successful delivery represents a key milestone in advancing ReTo’s globalization strategy and provides strong technical support for the ongoing upgrade of high-end manufacturing in the Middle East market.

Mr. Xinyang Li, Chief Executive Officer of ReTo, stated: “We have always remained committed to a customer-centric approach and to driving continuous technological innovation. The successful delivery of the RT18A underscores ReTo’s core competitiveness in the global market. Looking ahead, we will continue to deepen cooperation with partners worldwide and deliver smarter, more efficient solutions for the industry.”

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in China, is engaged in the research and development, manufacture and sales of ecological environment protection equipment and intelligent equipment. The Company provides consultation, design, implementation and installation of its equipment and related parts, as well as engineering support and technical advice and services. For more information, please visit: http://en.retoeco.com.  

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties, including the Company’s globalization strategy, future collaborations, technological developments, production capabilities, operational efficiencies, anticipated benefits to clients, and the potential impact on the Middle East high-end manufacturing market. The reports filed by the Company with the Securities and Exchange Commission discuss these and other important factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:
ReTo Eco-Solutions, Inc.
Tel: +86-10-64827328
Email: ir@retoeco.com or 310@reit.cc

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