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From Hype to Reality: Bybit’s CEO Outlines How RWA and Stablecoins Are Building the Future of Finance

DUBAI, UAE, Oct. 7, 2025 /PRNewswire/ — Ben Zhou, Co-founder and CEO of Bybit, shared his vision for the next phase of digital finance at the Blockchain for Good Alliance (BGA): The Scaling Summit in Singapore, a side event during TOKEN2049 Singapore, calling for a collective shift from speculation to real-world utility driven by real-world assets (RWA) and stablecoins. Zhou highlighted how tokenized assets and stablecoins have evolved from experimental concepts into critical components of the global financial system.

From Hype to Reality: Bybit’s CEO Outlines How RWA and Stablecoins Are Building the Future of Finance
From Hype to Reality: Bybit’s CEO Outlines How RWA and Stablecoins Are Building the Future of Finance

The RWA market has expanded by more than 400% in three years — from $5 billion in 2022 to over $30 billion in 2025. Private credit and U.S. Treasuries lead this growth, commanding $14.7 billion and $7.3 billion respectively. Global institutions including BlackRock, Franklin Templeton, and JPMorgan are paving the way, while McKinsey and Standard Chartered forecast tokenized assets could reach between $4 trillion and $30 trillion in the coming decade.

Meanwhile, stablecoins have become the backbone of on-chain transactions, with a market capitalization exceeding $300 billion as of September 2025. Cross-border payments grew by more than 1,000% in the first half of the year, as financial institutions adopted blockchain-based settlement solutions.

“Stablecoins and tokenized assets are no longer ideas for the future — they are the building blocks of a more efficient and transparent global financial system,” Zhou said.

Zhou also noted the growing role of payment giants such as Mastercard, Visa, PayPal, and Stripe, which are now integrating stablecoin settlements into their global networks. “When companies that serve hundreds of millions of users embrace blockchain payments, we are seeing a fundamental shift in how money moves around the world,” he added.

Bybit’s Strategic Position in the New Financial Landscape

Bybit continues to build the bridge between traditional finance and blockchain. Zhou outlined several key initiatives that highlight Bybit’s leadership in this transformation:

  • New B2B and Institutional Unit: Launch of a dedicated B2B unit for enterprise clients.
  • QCDT Partnership: First exchange to accept a DFSA-approved tokenized money market fund as collateral, in partnership with QNB Group, DMZ Finance, and Standard Chartered.
  • Stablecoin Growth: Strategic revenue-sharing partnership with Circle to expand USDC adoption and liquidity.
  • RWA Innovation: Introduction of gold tokenization on TON blockchain and new treasury bill products under Bybit Earn.

“Bybit’s mission is to connect traditional finance with the blockchain economy,” Zhou said.

“The future belongs to those who see blockchain not as a replacement for traditional finance, but as a tool to strengthen it. When history looks back, it will show how this technology fulfilled its promise — creating a more inclusive, transparent, and resilient financial system for all.”

#Bybit / #TheCryptoArk  /#Token2049

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 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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Tineco Introduces Exclusive Discounts on Advanced Floor Care Products for Amazon Prime Day

Smart cleaning meets smart savings with up to 46% off Tineco’s intelligent floor care lineup

SEATTLE, Oct. 7, 2025 /PRNewswire/ — Tineco, a global leader in intelligent home appliances, is proud to announce its participation in Amazon Prime Day, taking place October 7–8, 2025. Known for its innovative floor care technology, Tineco is providing consumers with exclusive, limited-time discounts of up to 46% off on its most advanced cleaning solutions.

Tineco Introduces Exclusive Discounts on Advanced Floor Care Products for Amazon Prime Day
Tineco Introduces Exclusive Discounts on Advanced Floor Care Products for Amazon Prime Day

Available in over 30 countries and used in more than 19.5 million households, Tineco continues to set the bar for the floor care category with products that combine powerful suction, unmatched convenience, and thoughtful designs. Powered by iLoop™ Smart Sensor Technology, every model adapts its performance in real-time as a mess is detected, all while providing users with instant confirmation when surfaces are truly clean.

This Prime Day, shoppers can enjoy significant savings across top models, including:

  • FLOOR ONE S7 Stretch Ultra: 30.8% Off (Originally: $649 // Sale Price: $449)
    The FLOOR ONE S7 Stretch Ultra is engineered for multifunctional use, offering an impressive runtime of up to 50 minutes. It features a 180° lay-flat reach, an anti-tangle design, dual-sided edge access, and a heated FlashDry self-cleaning system to ensure optimal performance with every session.
  • FLOOR ONE S7 Stretch Steam: 24.3% Off (Originally: $699 // Sale Price: $529)
    NEW from Tineco, the FLOOR ONE S7 Stretch Steam combines 180° ultra-flexible lay-flat reach with 320°F HyperSteam Technology to effectively sanitize floors with ease. Optimized for today’s homes, it has up to 80 minutes of runtime and an advanced self-cleaning system for simplified post-use maintenance.
  • FLOOR ONE S9 Artist PRO: 29.4% Off (Originally: $849 // Sale Price: $599)
    Built for high-efficiency, everyday performance, the FLOOR ONE S9 Artist PRO delivers smooth steering, effortless maneuverability, and edge-to-edge reach. A dynamic display, shifting 3D lights, and LED headlight enhance both the user and overall cleaning experience.
  • PURE ONE Station 5: 30.3% Off (Originally: $459 // Sale Price: $319.90)
    This intelligent stick vacuum with 175W of suction power, a wide 120° green LED headlight, a ZeroTangle brush head, and 70 minutes of runtime is ideal for effortless cleaning, with a 3-in-1 Smart Station that charges, stores, and empties the vacuum’s dustbin.  
  • CARPET ONE Cruiser: 30% Off (Originally: $699 // Sale Price: $489
    Redefining carpet care, the Tineco CARPET ONE Cruiser is ideal for frequent use. Features include 130W of powerful suction, SmoothPower technology that makes movement intuitive, 167°F PowerDry technology to speed up surface drying times, and a convenient self-cleaning cycle to keep the machine fresh and ready for the next clean.

To learn more about Tineco and its full portfolio of intelligent stick vacuums, floor washers, carpet cleaners, and more, please visit us.tineco.com.

About Tineco
Tineco (“tin-co”) was founded in 1998 with its first product launch as a vacuum cleaner and, in 2019, pioneered the first-ever smart vacuum. Today, the brand has evolved into a global leader in intelligent appliances spanning floor care, kitchen, and personal care categories. With a growing user base of over 19.5 million households and availability in approximately 30 countries worldwide, Tineco remains committed to its brand vision of making life easier through smart technology and continuous innovation. For more information, visit us.tineco.com.

Spotlight on Thai Smallholders: Japan-Thailand Cross-Border Partnership Strengthens Sustainable Palm Oil Pathways

TOKYO, Oct. 7, 2025 /PRNewswire/ — The Roundtable on Sustainable Palm Oil (RSPO) and the Japan Sustainable Palm Oil Network (JaSPON) co-hosted the RSPO x JaSPON Conference 2025 from 6 to 8 October at Bellesalle Yaesu, Tokyo. The event brought together industry leaders, government agencies, academia, and smallholder representatives to reinforce cooperation between Thailand and Japan in building responsible palm oil supply chains.

A panel representing the Department of Agricultural Extension (DoAE), Global Green Chemicals (GGC), Petchsrivichai Enterprise (PCE), Prince of Songkla University, Thailand Smallholder Facilitator Network, RSPO and Saraya.
A panel representing the Department of Agricultural Extension (DoAE), Global Green Chemicals (GGC), Petchsrivichai Enterprise (PCE), Prince of Songkla University, Thailand Smallholder Facilitator Network, RSPO and Saraya.

 

Since 2015, the Thai government has set an ambitious national target to achieve 100% RSPO Certified sustainable palm oil (CSPO), positioning the country as a low-risk, smallholder-inclusive producer under the EU Deforestation Regulation (EUDR). Thailand became the first palm-oil-producing nation to bring a closed-loop delegation to Japan, showcasing that sustainability and inclusion now stand at the core of trade diplomacy.

Conference delegates included representatives from the Department of Agricultural Extension (DoAE), Thailand Smallholder Facilitator Network, Prince of Songkla University, Global Green Chemicals (GGC), Petchsrivichai Enterprise (PCE), and Saraya, alongside international stakeholders.

With smallholders managing about 85% of Thailand’s oil palm production area, the country demonstrates that sustainable production can also be farmer-led. Certified independent smallholders have already sold up to 90% of their physical CSPO volumes, the world’s highest share mobilised by independent smallholders, highlighting the success of Thailand’s inclusive transformation.

“We need to do more, but we cannot do it alone. The market must respond. Putting the smallholder at the centre means walking the talk of shared responsibility,” said Wandee Krichanan, RSPO Smallholder Manager, who moderated the independent smallholder panel.

Inclusive and competitive supply chains

Downstream players are showing that sourcing can be both sustainable and inclusive. PCE and GGC, both RSPO Members, are leading examples. Through long-term partnerships, training programmes, and targeted sourcing, they are enabling smallholders to access certified markets.

“PCE is building the value chain of the future linking smallholder development with digital innovation for transparent traceability and pursuing a ‘Negative GHG Emission’ status,” said Mr. Pornpipat Prasitsupaphol, Chief Strategy Officer, PCE.

Ms. Panrada Wongsuwan, Division Manager, Corporate Branding and CSR, GGC (P TT GC Group) stated “At GGC, we believe sustainability must span the entire value chain from upstream to downstream. We are committed to empowering smallholders and strengthening our responsibility to society and the environment”.

In addition, Saraya has long pioneered eco-friendly products using natural, plant-based ingredients, including Japan’s first antibacterial soap and plant-based detergent. Since 2004, it has led environmental efforts in Borneo to address palm oil-related deforestation and wildlife threats, becoming Japan’s first RSPO member in 2005. 

“To enhance the value chain, it is essential to have a supply chain that incorporates smallholder farmers. Therefore, we support smallholders” said Mr. Shinichi Yoshikawa, Vice General Manager of Supply Chain Management Division at Saraya Co, Ltd and the Vice Chairman of JaSPON.

With over 400,000 farm households engaged in palm oil, the Thai government views inclusive sourcing as a national priority. “Responsible sourcing is not only about environmental commitment, it ensures farmers are fully included in global supply chains and receive fair returns for their efforts,” said a DoAE representative. “Partnering with Japanese companies that value transparency and inclusivity guarantees palm oil that meets the highest standards of sustainability and quality.”

“RSPO Certified smallholders are guardians of the global environment. Support from buyers whether through physical or credit purchases empowers us to continue this stewardship,” said Chaowalit Wuttipong, President of the Srijaroen Sustainable Oil Palm Production Community Enterprise and Chairman of the Thailand Smallholder Facilitator Network.

From Surat Thani to Tokyo, Thailand’s independent oil palm smallholders are stepping into the global spotlight. Through collaboration with mills, Japanese buyers, and the Thai government, they are proving that inclusive and sustainable supply chains can drive prosperity and trust across Asia.

About RSPO:

The Roundtable on Sustainable Palm Oil (RSPO) is a global partnership to make palm oil sustainable. Formed in 2004, the RSPO is a multi-stakeholder non-profit organisation that unites members from across the palm oil value chain, including oil palm producers, palm oil processors and traders, consumer goods manufacturers, retailers, banks and investors, environmental or nature conservation non-governmental organisations (NGOs), and social or developmental NGOs.

As a partnership for progress and positive impact, the RSPO facilitates global change to make the production and consumption of palm oil sustainable. To inspire change, we communicate the environmental and social benefits. To make progress, we catalyse collaboration. To provide assurance, we set the standards of certification.

The RSPO is registered as an international association in Zurich, Switzerland, with main offices in Malaysia and Indonesia, and offices in China, Colombia, Netherlands, United Kingdom and the United States. 

About JaSPON:
JaSPON (Japan Sustainable Palm Oil Network) was established in April 2019 to accelerate the procurement and consumption of sustainable palm oil in the Japanese market, aiming to address environmental issues and other challenges associated with conventional palm oil production.

JaSPON operates on the belief that, as a consumer country, Japan has an important role in addressing the environmental, social, and ethical issues tied to palm oil. It emphasises cross‐industry collaboration, encouraging its members from different sectors to work together from their respective standpoints, to promote sustainable practices.

 

Eightco Holdings Inc. ($ORBS) Digital Asset Treasury Launches “Chairman’s Message” Video Series

Reinforces “Power of Eight” Initiative, targeting 800M Worldcoin (WLD) tokens and verify 8B humans

Currently over 17 million verified World humans, with goal of verifying 100 million in the next twelve months

World is the single sign-on and Proof-of-Human verification for the AI era

The Company is supported by a select group of strategic and institutional investors including: BitMine (BMNR), MOZAYYX, World Foundation, Wedbush, Coinfund, Discovery Capital Management, FalconX, Kraken, Pantera, GSR, Brevan Howard and more

EASTON, Pa., Oct. 7, 2025 /PRNewswire/ — Eightco Holdings Inc. (NASDAQ: ORBS) today announced the launch of its “Chairman’s Message” video series and corporate presentation. This Chairman’s message is expected to be produced monthly. The company closed on its $270 million PIPE (private investment into a public equity) financing on September 9th. It was recently announced that the World network has surpassed 17 million verified humans.

“We’ve seen tremendous interest and enthusiasm around Worldcoin and our treasury since launching ORBS,” said Dan Ives, Chairman of Eightco Holdings Inc. ($ORBS). “The ‘Chairman’s Message’ shares my perspective on why WLD is leading the charge into our AI-driven future. We see substantial value creation ahead, with a target of acquiring 800 million WLD tokens and a projected value of $10 per token, representing an $8 billion potential valuation for ORBS.”

As part of his mission to raise global awareness for $ORBS and Worldcoin, Chairman Ives will embark on the ORBS World Tour, visiting several of the cities where World stores are located, including:

  • October 7: San Francisco
  • October 18-21: Bangkok
  • October 22-23: Kuala Lumpur
  • October 24-25: Singapore
  • October 27-28: Seoul
  • October 29-30: Tokyo
  • December 8-10: London

“As AI-generated content continues to surge, the need for Proof of Human will only grow. We believe World ID will emerge as the universal single sign-on of the future, integrating across governments, enterprises, fintech, dating, gaming, and beyond,” added Ives.

Both the “Chairman’s Message” and corporate presentation are available on the website: www.8co.holdings/chairmans-message

ABOUT EIGHTCO HOLDINGS INC.
Eightco Holdings Inc. (NASDAQ: ORBS) is delivering a first-of-its-kind Worldcoin (WLD) treasury strategy. With this digital asset treasury (DAT), Eightco is advancing the AI revolution, implementing a technology infrastructure layer that is integral to the future of authentication, verification and Proof of Human (PoH). World is the single sign-on and Proof-of-Human verification for the AI era. In an increasingly agentic world, Eightco aims to achieve a universal foundation for digital identity.

For additional details, follow on X:
https://x.com/iamhuman_orbs
https://x.com/divestech
 

Forward-Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. All statements in this press release other than statements of historical fact could be deemed forward looking. Words such as “plans,” “expects,” “will,” “anticipates,” “continue,” “expand,” “advance,” “develop” “believes,” “guidance,” “target,” “may,” “remain,” “project,” “outlook,” “intend,” “estimate,” “could,” “should,” and other words and terms of similar meaning and expression are intended to identify forward-looking statements, although not all forward-looking statements contain such terms. Forward-looking statements are based on management’s current beliefs and assumptions that are subject to risks and uncertainties and are not guarantees of future performance. Actual results could differ materially from those contained in any forward-looking statement as a result of various factors, including, without limitation: Eightco’s ability to maintain compliance with the Nasdaq’s continued listing requirements; unexpected costs, charges or expenses that reduce Eightco’s capital resources; Eightco’s inability to raise adequate capital to fund its business; Eightco’s inability to innovate and attract users for Eightco’s products; future legislation and rulemaking negatively impacting digital assets; and shifting public and governmental positions on digital asset mining activity. Given these risks and uncertainties, you are cautioned not to place undue reliance on such forward-looking statements. For a discussion of other risks and uncertainties, and other important factors, any of which could cause Eightco’s actual results to differ from those contained in forward-looking statements, see Eightco’s filings with the Securities and Exchange Commission (the “SEC”), including in its Annual Report on Form 10-K filed with the SEC on April 15, 2025. All information in this press release is as of the date of the release, and Eightco undertakes no duty to update this information or to publicly announce the results of any revisions to any of such statements to reflect future events or developments, except as required by law.

YY Group Inks Landmark Deal with Leading Hong Kong Hotel Group

HKD 35 Million Manpower Solutions Contract Significantly Broadens YY Circle HK’s Hospitality Industry Footprint

SINGAPORE, Oct. 7, 2025 /PRNewswire/ — YY Group Holding Limited (NASDAQ: YYGH) (“YY Group” or the “Company”), a global leader in on-demand workforce solutions and integrated facilities management (IFM), today announced that its subsidiary, YY Circle HK, has entered into a manpower support cooperation agreement with a premier Hong Kong hotel group. Covering nine of the hotel group’s largest properties under a contract exceeding HKD 35 million, this partnership significantly expands YY Circle HK’s hospitality portfolio and advances YY Group’s regional growth strategy.

This partnership builds on the momentum of the Company’s recent agreements with Hyatt and Sheraton in the Thailand market, highlighting the trust leading international hospitality brands place in the Company’s advanced technology and flexible, scalable labor solutions. After just two years of operation in Hong Kong, YY Circle HK now provides manpower support services to over 30 hotels and catering groups in the region, reflecting an impressive pace of growth. Under this agreement, YY Circle HK expects to fulfill more than 50,000 worker engagements annually across the hotel group’s front desk, housekeeping, dining, concierge, and recreation departments, showcasing the depth and diversity of the Company’s trained regional labor pool.  

“We’re excited to deliver impactful labor solutions, at scale, for a new top-tier partner in Hong Kong’s thriving hospitality industry,” said Mike Fu, Chief Executive Officer and Executive Director of YY Group Holding Limited. “By strengthening our presence in Hong Kong, we’re not only unlocking new growth potential locally, but also paving the way for more high-impact partnerships globally. We see this as a catalyst in advancing our broader strategy to scale intelligently and sustainably while creating value for all stakeholders.”

Anthony Ip, Co-founder and Country Director of YY Circle HK, added, “Securing this premier hotel client is a testament to YY Circle HK’s local expertise as well as YY Group’s peerless resources. Powered by the Group’s advanced platform technology and deep labor pool, YY Circle HK is uniquely positioned to solve pain points for the region’s largest hotels, enhancing operational efficiency, lowering staffing costs and easing workforce shortages. We look forward to empowering our local partners and accelerating growth across the Hong Kong market.”

Hong Kong’s casual labor market, valued at approximately US$16 billion, is rapidly transitioning toward a “manpower outsourcing” model, presenting significant growth opportunities for YY Group as a global leading on-demand staffing provider. Meanwhile, Hong Kong’s hospitality industry is facing myriad manpower challenges, such as flexible staffing needs and rising costs. As demand for innovative staffing solutions grows, YY Group’s tailored, scalable solutions are poised to meet the needs of Hong Kong’s dynamic economy, capturing the market’s immense potential.

About YY Holdings Limited

YY Group Holding Limited (Nasdaq: YYGH) is a Singapore-headquartered, technology-enabled platform providing flexible, scalable workforce solutions and integrated facility management (IFM) services across Asia and beyond. The Group operates through two core verticals: on-demand staffing and IFM, delivering agile, reliable support to industries such as hospitality, logistics, retail, and healthcare.

Leveraging proprietary digital platforms and IoT-driven systems, YY Group enables clients to meet fluctuating labor demands and maintain high-performance environments. In addition to its core operations in Singapore and Malaysia, the Group maintains a growing presence in Asia, Europe, Africa, Oceania and the Middle East.

Listed on the Nasdaq Capital Market, YY Group is committed to service excellence, operational innovation, and long-term value creation for clients and shareholders.

For more information on the Company, please visit https://yygroupholding.com/.

Safe Harbor Statement

This press release contains forward-looking statements. These statements are made under the “safe harbor” provisions of the U.S. Private Securities Litigation Reform Act of 1995. Statements that are not historical facts, including statements about the YY Group Holding Limited’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties, and a number of factors could cause actual results to differ materially from those contained in any forward-looking statement. These factors include, but are not limited to, (i) growth of the hospitality market in Hong Kong, (ii) capital and credit market volatility, (iii) local and global economic conditions, (iv) our anticipated growth strategies, (v) governmental approvals and regulations, and (vi) our future business development, results of operations and financial condition. In some cases, forward-looking statements can be identified by words or phrases such as “may,” “will,” “expect,” “anticipate,” “target,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. All information provided in this press release is as of the date of this press release, and YY Group Holding Limited undertakes no duty to update such information, except as required under applicable law.

Investor Contact
Phua Zhi Yong, Chief Financial Officer
YY Group
enquiries@yygroupholding.com

Mark Niu, Chief Strategy Officer,
YY Group
mark.niu@yygroupholding.com

Massimo Group Launches New Sentinel 570 HVAC UTV, Expanding Premium Sentinel Series

Sentinel 570 Utility Terrain Vehicle Delivers Comfort, Connectivity and Performance with Premium Design and 4WD Capability

GARLAND, Texas, Oct. 7, 2025 /PRNewswire/ — Massimo Group (NASDAQ: MAMO), a powersports vehicles manufacturer and distributor, today announced the arrival of its all-new Sentinel 570 HVAC UTV, the introductory model of the company’s new premium Sentinel Series. Designed with innovation, comfort and productivity in mind, the Sentinel 570 is now in stock and shipping to dealer partners nationwide.

Massimo Sentinel 570 HVAC UTV
Massimo Sentinel 570 HVAC UTV

The Sentinel 570 HVAC UTV sets a new benchmark in the 500-class utility terrain vehicle market, delivering unmatched comfort and performance in all weather conditions. Featuring a fully enclosed cabin with both heating and air conditioning, this model ensures operators can work, ride, or explore in comfort year-round—shielded from extreme cold and heat.

Key features of the Sentinel 570 include:

  • HVAC-equipped enclosed cabin for superior rider comfort in every season
  • Touchscreen digital display with GPS navigation for advanced connectivity and convenience
  • Premium seating for enhanced comfort during work or recreational use
  • On-demand 4WD system providing superior traction across terrains
  • Independent front and rear suspension for a smooth, controlled ride
  • Sleek new body design and premium standard equipment package

“The Sentinel 570 HVAC UTV delivers a complete package of power, comfort, and advanced technology in a highly competitive segment,” said David Shan, CEO of Massimo Group. “This launch underscores our commitment to continued innovation and premium product development, providing customers with a vehicle that excels across work, recreation, and utility applications.”

The Sentinel 570 represents the first in a full lineup of premium Sentinel Series models, with the 770, 900, and 1500 models planned for 2026. This expansion highlights Massimo’s ongoing investment in building a robust product portfolio that meets customer demand while driving long-term growth opportunities for the company and its dealer network.

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 Group. All statements other than statements of historical facts contained in this press release, including statements regarding Massimo Group’s future results of operations and financial position, Massimo Group’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 Group 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,” or similar expressions and the negatives of those terms. Massimo Group cautions you that these forward-looking statements are subject to numerous risks and uncertainties, most of which are difficult to predict and many of which are beyond Massimo Group ‘s control.

Company Contact

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 

Massimo Sentinel 570 HVAC UTV
Massimo Sentinel 570 HVAC UTV

Kazia Therapeutics Announces Collaboration and In-Licensing Agreement for First-in-Class PD-L1 Protein Degrader Program

SYDNEY, Oct. 7, 2025 /PRNewswire/ — Kazia Therapeutics Limited (NASDAQ: KZIA), an oncology-focused drug development company, today announced an exclusive collaboration and in-licensing agreement (the “Agreement”) with QIMR Berghofer for a first-in-class PD-L1 degrader program. The lead optimized compound, NDL2, is an advanced PD-L1 protein degrader currently in development and represents a new and innovative frontier of cancer immunotherapy.

About PD-L1 Degradation and NDL2

Cancer cells frequently express PD-L1 protein to evade immune attack. When PD-L1 on a tumor cell surface binds to PD-1 on a T cell, the T cell becomes inactivated and loses its ability to destroy the cancer. Traditional checkpoint inhibitors such as pembrolizumab (Keytruda®) and nivolumab (Opdivo®) use monoclonal antibodies to block this surface interaction, helping to restore T-cell activity.

However, research has shown that PD-L1 also exists in post-translationally modified forms that are enriched in patients who fail or relapse on checkpoint inhibitor therapy. These modified proteins are found on the cell surface as well as in the cytoplasm and nucleus, where they contribute to resistance and tumor progression.

NDL2 takes a fundamentally different approach. This novel bicyclic peptide degrader, discovered and developed by Professor Sudha Rao, is designed to specifically recognize and degrade these resistant, post-translationally modified forms of PD-L1. By binding PD-L1 and recruiting the cell’s natural protein disposal machinery, NDL2 drives the breakdown and clearance of the modified PD-L1 across all cellular compartments. Targeting these resistant PD-L1 pools that antibody therapies cannot reach offers the potential to overcome immunotherapy resistance and restore durable immune activity against tumors.

We believe this comprehensive degradation strategy has the potential to offer two major clinical advantages: (1) Overcoming resistance in both primary non-responders and patients who relapse on antibody therapies, and (2) Providing durable immune reactivation by restoring cytotoxic T-cell function and reducing T-cell exhaustion in the tumor microenvironment.

NDL2 Preclinical Evidence

In preclinical models of aggressive triple-negative breast cancer (TNBC), NDL2 monotherapy, as well as in combination with anti-PD-1 therapies, achieved significant tumor growth reduction. Importantly, treated tumors showed reduced T-cell exhaustion and enhanced immune activity, consistent with NDL2’s dual mechanism of action. Across the preclinical work to date, no toxicity has been observed. Professor Rao and QIMR Berghofer are working in parallel with a number of world-leading oncology peptide manufacturers to optimize the stability, potency, pharmacokinetics and pharmacodynamics of the NDL2 formulation.

Development Pathway and Combinations

The program will initially target advanced breast cancer and non-small cell lung cancer (NSCLC), where PD-1/PD-L1 immunotherapies are widely used but resistance remains common. IND-enabling studies are expected to commence within six months, with a goal of initiating first-in-human studies within approximately 15 months. Kazia also intends to explore synergistic opportunities to combine NDL2 with its existing pipeline assets, including paxalisib (a pan-PI3K/mTOR inhibitor) and EVT801 (a selective VEGFR3 inhibitor), given their complementary mechanisms of action in modulating the tumor microenvironment.

Dr. John Friend, Chief Executive Officer of Kazia Therapeutics, commented: “This Agreement positions Kazia at the forefront of next-generation immuno-oncology. NDL2 is a truly first-in-class asset, representing an advanced PD-L1 degrader, and what we believe one of the most exciting innovations in targeted protein degradation. This program complements our existing pipeline, with clear opportunities for synergy with other immunotherapies as well as paxalisib and EVT801, and we are positioned to rapidly advance it toward the clinic.”

Professor Sudha Rao, Principal Investigator at QIMR Berghofer and inventor of the PD-L1 degrader program, added: “NDL2 has the potential to redefine immunotherapy by targeting all functional pools of PD-L1 protein, not just the surface expression blocked by current antibodies. By eliminating PD-L1 throughout the cell, we can address resistance and other pathways that drive aggressive cancers like TNBC and NSCLC. We are thrilled to partner with Kazia to potentially translate this novel science into a transformative therapy for patients.”

Collaboration and Licensing Terms 

Under the terms of the collaboration Agreement, Kazia will make a one-time payment of approximately $1.39 million 15 business days after signing and is responsible for all development costs. Kazia will share a percentage of commercialization revenue, which includes any out-licensing payments received from third parties.

For investor and media, please contact Alex Star, Managing Director LifeSci Advisors LLC, Astarr@lifesciadvisors.com, +1-201-786-8795.

About Kazia Therapeutics Limited

Kazia Therapeutics Limited (NASDAQ: KZIA) is an oncology-focused drug development company, based in Sydney, Australia. Our lead program is paxalisib, an investigational brain penetrant inhibitor of the PI3K / Akt / mTOR pathway, which is being developed to treat multiple forms of cancer. Licensed from Genentech in late 2016, paxalisib is or has been the subject of ten clinical trials in this disease. A completed Phase 2/3 study in glioblastoma (GBM-Agile) was reported in 2024 and discussions are ongoing for designing and executing a pivotal registrational study in pursuit of a standard approval. Other clinical trials involving paxalisib are ongoing in advanced breast cancer, brain metastases, diffuse midline gliomas, and primary central nervous system lymphoma, with several of these trials having reported encouraging interim data. Paxalisib was granted Orphan Drug Designation for glioblastoma by the U.S. Food and Drug Administration (FDA) in February 2018, and Fast Track Designation (FTD) for glioblastoma by the FDA in August 2020. Paxalisib was also granted FTD in July 2023 for the treatment of solid tumor brain metastases harboring PI3K pathway mutations in combination with radiation therapy. In addition, paxalisib was granted Rare Pediatric Disease Designation and Orphan Drug Designation by the FDA for diffuse intrinsic pontine glioma in August 2020, and for atypical teratoid / rhabdoid tumors in June 2022 and July 2022, respectively. Kazia is also developing EVT801, a small molecule inhibitor of VEGFR3, which was licensed from Evotec SE in April 2021. Preclinical data has shown EVT801 to be active against a broad range of tumor types and has provided evidence of synergy with immuno-oncology agents. A Phase I study has been completed and preliminary data was presented at 15th Biennial Ovarian Cancer Research Symposium in September 2024. For more information, please visit www.kaziatherapeutics.com or follow us on X @KaziaTx.

Forward-Looking Statements

This announcement may contain forward-looking statements, which can generally be identified as such by the use of words such as “may,” “will,” “estimate,” “future,” “forward,” “anticipate,” or other similar words. Any statement describing Kazia’s future plans, strategies, intentions, expectations, objectives, goals or prospects, and other statements that are not historical facts, are also forward looking statements, including, but not limited to, statements regarding: the potential benefits of NDL2 and the plans and goals of developing NDL2 formulation, the anticipated development pathways and combinations of NDL2, the anticipated payments under the Agreement, the timing for results and data related to Kazia’s clinical and preclinical trials, Kazia’s strategy and plans with respect to its paxalisib program, the potential benefits of paxalisib as an investigational PI3K/mTOR inhibitor, timing for any regulatory submissions or discussions with regulatory agencies and the potential market opportunity for paxalisib. Such statements are based on Kazia’s current expectations and projections about future events and future trends affecting its business and are subject to certain risks and uncertainties that could cause actual results to differ materially from those anticipated in the forward-looking statements, including risks and uncertainties associated with clinical and preclinical trials and product development, including the risk that interim or early data may not be consistent with final data, risks related to regulatory approvals, risks related to the impact of global economic conditions, and risks related to Kazia’s ability to regain and/or maintain compliance with the applicable Nasdaq continued listing requirements and standards. These and other risks and uncertainties are described more fully in Kazia’s Annual Report, filed on form 20-F with the SEC, and in subsequent filings with the United States Securities and Exchange Commission. Kazia undertakes no obligation to publicly update any forward-looking statement, whether as a result of new information, future events, or otherwise, except as required under applicable law. You should not place undue reliance on these forward-looking statements, which apply only as of the date of this announcement.

Rockwell Automation Ushers in a New Era in Industrial Control with the Launch of the ControlLogix 5590 Controller

Built for performance, safety and security, the integrated platform empowers manufacturers to streamline operations and scale smarter systems

MILWAUKEE, Wis., Oct. 7, 2025 /PRNewswire/ — Rockwell Automation, Inc. (NYSE: ROK), the world’s largest company dedicated to industrial automation and digital transformation, today announced the highly anticipated launch of its newest controller, ControlLogix® 5590, the powerhouse at the core of the Logix platform. Designed to meet the evolving demands of modern manufacturing, this all-in-one controller delivers seamless software integration and multidiscipline control across the enterprise to streamline operations like never before.

Experience the full interactive Multichannel News Release here: https://www.multivu.com/rockwell-automation/9317451-en-rockwell-automation-controllogix-5590

Manufacturers are navigating a perfect storm of challenges, from rising global competition and workforce shortages to growing safety and security risks. Contributing to the complexity are disconnected control and data systems built on propriety technologies, which limit flexibility and keep costs high. The ControlLogix 5590 controller is a purpose-built solution to help manufacturers tackle these challenges with ease and take control of their operations.

“The ControlLogix 5590 controller isn’t just an upgrade, it’s a powerhouse engineered for the future of industrial automation,” said Dan DeYoung, global vice president and general manager, production design & control, Rockwell Automation. “We’re giving our customers the ability to build smarter and more secure systems right out of the box, with a platform designed to meet the demands of today and ready to scale for tomorrow.”

Key capabilities of the ControlLogix 5590 controller include:

  • Integrated Safety: Every ControlLogix 5590 controller includes advanced, integrated functional safety capabilities designed to help protect people, equipment and operations, without the need for separate safety models. Certified to meet rigorous global standards, it helps customers build safer systems with less complexity and more confidence.
  • Powerful Performance for Demanding Applications: Delivers high-speed processing and expanded memory capacity to support complex operations. From process and batch to discrete, motion and robotics applications – the ControlLogix 5590 controller is ideal for manufacturers looking to design scalable architecture, optimize throughput and drive efficiency on a single high-performance and interoperable platform.
  • Built-In Cybersecurity: Includes built-in security features designed to help protect systems from current and emerging cyber threats. These protections are based on global standards (IEC 62443) and help customers keep their operations connected and compliant with modern security requirements.
  • Streamlined Engineering Experience with a Unified Software Suite: A unified software suite, including Studio 5000 Logix Designer® and FactoryTalk® Design Studio™*, helps streamline development, accelerate deployment and simplify workflows across the enterprise.

“Manufacturers today require control platforms that can address performance safety and security requirements without adding complexity to their operations,” said Craig Resnick, vice president, consulting at ARC Advisory Group. “Solutions that converge high speed processing, integrated safety and robust cybersecurity in a single architecture help organizations modernize more efficiently while maintaining operational continuity and increasing operational resilience.”

Get a first-hand look at the ControlLogix 5590 controller at Rockwell’s Automation Fair® event, taking place Nov. 17-20 in Chicago, or visit Rockwell’s website to learn more.

*FactoryTalk Design Studio will support the ControlLogix 5590 Standard and XT (corrosion-resistant) controllers upon release of version 2.03 in November 2025. Support for the P (Process) variant will follow in a future version of FactoryTalk Design Studio.

About Rockwell Automation
Rockwell Automation, Inc. (NYSE: ROK) is a global leader in industrial automation and digital transformation. We connect the imaginations of people with the potential of technology to expand what is humanly possible, making the world more productive and more sustainable. Headquartered in Milwaukee, Wisconsin, Rockwell Automation employs approximately 27,000 problem solvers dedicated to our customers in more than 100 countries as of fiscal year end 2024. To learn more about how we are bringing the Connected Enterprise® to life across industrial enterprises, visit www.rockwellautomation.com.