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Sequans Acquires Zurich-based ACP

Strengthens Wireless IP and Expands Business Opportunities


Paris, France – Newsfile Corp. – January 21, 2025 – Sequans Communications S.A. (NYSE: SQNS), a leading provider of 4G and 5G semiconductors and modules for the Internet of Things, today announced the acquisition of ACP Advanced Circuit Pursuit AG (“ACP”), a Zurich-based company recognized for its robust IP portfolio and expertise in RF CMOS technology.

The acquisition strengthens Sequans’ technology leadership in 5G eRedCap development and accelerates its time-to-market for next-generation IoT chips. In addition, ACP’s proven radio technology and successful track record in selling its technology across various wireless market segments are expected to create new growth opportunities for Sequans.

“We are thrilled to welcome the ACP team to Sequans,” said Georges Karam, Chairman and CEO of Sequans. “Their advanced, ready-to-use technology and engineering expertise perfectly complement our existing capabilities and will be instrumental in driving our product innovations forward.”

“Joining Sequans marks a pivotal moment for the ACP team,” said Dr. Qiuting Huang, CEO of ACP. “Sequans’ pioneering leadership in cellular IoT provides an ideal platform for integrating our technologies and accelerating innovation in the 5G IoT product roadmap.”

The acquisition brings a small, highly skilled team to Sequans with minimal impact on the company’s planned operating expenses for 2025. The acquisition is expected to generate modest revenue in 2025 and potentially contribute several million dollars in 2026 through ACP’s existing customer relationships.

“The 5G eRedCap market is expected to surpass 4G IoT in scale, and this acquisition strengthens Sequans’ ability to capture this expanding market opportunity,” concluded Karam.

The deal, structured as a cash transaction, underscores Sequans’ ability to execute its strategy while maintaining disciplined financial management.

Forward-Looking Statements

This press release contains certain statements that are, or may be deemed to be, forward-looking statements with respect to the financial condition, results of operations and business of Sequans, including the impact of the recently closed ACP acquisition on product innovation, growth prospects and future revenue expectations. These forward-looking statements include, but are not limited to, statements that are not historical fact. These forward-looking statements can be identified by the fact that they do not relate to historical or current facts. Forward-looking statements also often use words such as “anticipate,” “target,” “continue,” “estimate,” “expect,” “forecast,” “intend,” “may,” “plan,” “goal,” “believe,” “hope,” “aims,” “continue,” “could,” “project,” “should,” “will” or other words of similar meaning. These statements are based on assumptions and assessments made by Sequans in light of its experience and perception of historical trends, current conditions, future developments and other factors they believe appropriate. By their nature, forward-looking statements involve risk and uncertainty, because they relate to events and depend on circumstances that will occur in the future and the factors described in the context of such forward-looking statements in this announcement could cause actual results and developments to differ materially from those expressed in or implied by such forward-looking statements. Although it is believed that the expectations reflected in such forward-looking statements are reasonable, no assurance can be given that such expectations will prove to be correct, and you are therefore cautioned not to place undue reliance on these forward-looking statements which speak only as at the date of this announcement.

Forward-looking statements are not guarantees of future performance. Such forward-looking statements involve known and unknown risks and uncertainties that could significantly affect expected results and are based on certain key assumptions. Such risks and uncertainties include, but are not limited to, potential adverse reactions or changes to business relationships resulting from the completion of the transaction; significant or unexpected costs, charges or expenses resulting from the transaction; and negative effects of the transaction on the market price of Sequans’ ADS. Many factors could cause actual results to differ materially from those projected or implied in any forward-looking statements. Among the factors that could cause actual results to differ materially from those described in the forward-looking statements are changes in the global, political, economic, business and competitive environments, market and regulatory forces. If any one or more of these risks or uncertainties materialize or if any one or more of the assumptions prove incorrect, actual results may differ materially from those expected, estimated or projected. Such forward-looking statements should therefore be construed in the light of such factors. A more complete description of these and other material risks can be found in Sequans’ filings with the SEC, including its annual report on Form 20-F for the year ended December 31, 2023, subsequent filings on Form 6-K and other documents that may be filed from time to time with the SEC. Due to such uncertainties and risks, readers are cautioned not to place undue reliance on such forward-looking statements, which speak only as of the date of this announcement. Sequans undertakes no obligation to update or revise any forward-looking statement as a result of new information, future events or otherwise, except as required by applicable law.

About Sequans Communications

Sequans Communications S.A. (NYSE: SQNS) is a leading semiconductor company specializing in wireless cellular technology for the Internet of Things (IoT). Our engineers design and develop innovative, secure, and scalable technologies that power the next generation of connected devices. We offer a wide range of solutions, including chips, modules, IP, and services. Our LTE-M/NB-IoT, 4G LTE Cat 1bis, and 5G NR RedCap/eRedCap platforms are optimized for IoT, delivering breakthroughs in wireless connectivity, power efficiency, security, and performance. Established in 2003, Sequans is headquartered in France and has a global presence with offices in the United States, United Kingdom, Israel, Hong Kong, Singapore, Finland, Taiwan, and China.

About ACP Advanced Circuit Pursuit

ACP Advanced Circuit Pursuit AG is a leading specialist in integrated circuits for cellular communications. Headquartered in Zürich, Switzerland, ACP offers a comprehensive portfolio of RF transceivers and systems-on-chip (SoCs) for the cellular Internet of Things (IoT) and 5G-enabled enhanced mobile broadband (EMB).

Sequans investor relations: Kim Rogers (USA), +1 385.831.7337, ir@sequans.com
Sequans media relations: Linda Bouvet (France), +33 1 70 72 16 00 media@sequans.com

The issuer is solely responsible for the content of this announcement.

World-Renowned Pianist Lang Lang Debuts at Galaxy International Convention Center with the Macao Orchestra for a Night of Romantic Classics


MACAU SAR – Media OutReach Newswire – 21 January 2025 – On Sunday, January 19, the internationally acclaimed piano virtuoso Lang Lang, alongside the Macao Orchestra, captivated audiences at the Galaxy International Convention Center (“GICC”), one of Asia’s most iconic and advanced MICE destinations, with a grand symphony of romantic classical music. Lang Lang carefully curated pivotal works from his artistic journey and 2025 tour, presenting masterpieces by Chopin and Rachmaninov through both solo and concerto performances. The nearly two-hour sold-out performance concluded with Lang Lang’s heartfelt encore of “Jasmine Flower”.

Lang Lang Returns to Asia with a Stunning Reinterpretation of Rachmaninov’s Piano Concerto No. 2 After a Decade.
Lang Lang Returns to Asia with a Stunning Reinterpretation of Rachmaninov’s Piano Concerto No. 2 After a Decade.
Presented under the banner of “Galaxy Music Gala: Lang Lang and Macao Orchestra”, the event was organized by Galaxy Macau™, with the Bank of China (Hong Kong) as the preferred credit card partner. It kicked off with Shostakovich’s “Festival Overture” performed by the Macao Orchestra under the baton of the esteemed conductor Lio Kuokman. Following this vibrant introduction, Lang Lang delivered a mesmerizing solo performance of Chopin’s 12 pieces of “Mazurkas”, with expressive technique and enchanting style, Lang Lang brought to life Chopin’s vibrant, Polish folk-inspired music, evoking the joy and rhythm of a traditional village dance. The Macao Orchestra then presented Mascagni’s Intermezzo from “Cavalleria Rusticana”, showcasing their exceptional performance skills under Lio’s direction. The tense and abrupt melodies held the audience in suspense, touching the hearts of every listener.

Lang Lang performed a solo recital of 12 Chopin's
Lang Lang performed a solo recital of 12 Chopin’s “Mazurkas,” which was extremely infectious and enchanting.

The evening reached its peak with Lang Lang’s extraordinary collaboration with the Macao Orchestra on Rachmaninov’s “Piano Concerto No.2”, enveloping the audience in an atmosphere of profound romance and passion. Lang Lang’s seamless partnership with the orchestra allowed the audience to experience a rich and complex emotional journey through the music, culminating in a breathtaking climax. Many concertgoers, including aspiring young musicians accompanied by their parents, left the venue inspired, with one attendee remarking that the experience lingered in their heart long after the final notes faded.

Lang Lang, together with the Macao Orchestra, jointly performed Rachmaninov's
Lang Lang, together with the Macao Orchestra, jointly performed Rachmaninov’s “Piano Concerto No. 2,” pushing the atmosphere to a climax.

In a heartfelt moment, Lang Lang shared his long-standing passion for Rachmaninov, revealing that this was his first performance of the concerto in Asia in nearly a decade. His fresh interpretation, imbued with new insights and emotional resonance, was a special dedication to the audience in Macau. Notably, this concert marked Lang Lang’s first formal collaboration with conductor Lio Kuokman, a rising star in classical music. Chasing back for his connection to Macau, which began with his first solo recital in 2003, Lang Lang praised the city’s growing cultural vibrancy, particularly with its increasing presence of international orchestras, making it a hub for the high-standard performances. Reflecting on his debut at the GICC, Lang Lang described the experience as particularly special. In such a spacious venue, the sound was focused and immersive, allowing him to feel the collective breath of the audience during his performance.

Witnessed by Mr. Francis Lui, Chairman of Galaxy Entertainment Group, Lang Lang stamped his handprint and gifted it to Galaxy Macau, marking the perfect conclusion to the entire performance itinerary.
Witnessed by Mr. Francis Lui, Chairman of Galaxy Entertainment Group, Lang Lang stamped his handprint and gifted it to Galaxy Macau, marking the perfect conclusion to the entire performance itinerary.

As one of the Phase 3 projects at Galaxy Macau, GICC features a world-class event venue, continuing to be a beacon of first-rate arts, sports, and exhibition events from 2023. The “Galaxy Music Gala: Lang Lang and Macao Orchestra” not only enriched Macau’s cultural tapestry but also reinforced the city’s reputation as a “City of Performing Arts,” delivering an unforgettable performance to its audience.

Tons of music fans came in admiration, and numerous young musicians came with their parents to experience the works of the master up close.
Tons of music fans came in admiration, and numerous young musicians came with their parents to experience the works of the master up close.

Hashtag: #GalaxyMacau

The issuer is solely responsible for the content of this announcement.

ABOUT GALAXY MACAU INTEGRATED RESORT

Galaxy Macau™, The World-class Luxury Integrated Resort delivers the “Most Spectacular Entertainment and Leisure Destination in the World”. Developed at an investment of HK$43 billion, the property covers 1.1 million-square-meter of unique entertainment and leisure attractions that are unlike anything else in Macau. Eight award-winning world-class luxury hotels provide close to 5,000 rooms, suites and villas. They include Banyan Tree Macau, Galaxy Hotel™, Hotel Okura Macau, JW Marriott Hotel Macau, The Ritz-Carlton, Macau, Broadway Hotel, Raffles at Galaxy Macau, Andaz Macau. Unique to Galaxy Macau, the 75,000-square-meter Grand Resort Deck features the world’s longest Skytop Adventure Rapids at 575-meters, the largest Skytop Wave Pool with waves up to 1.5-meters high and 150-meters pristine white sand beach. Two five-star spas from Banyan Tree Spa Macau and The Ritz-Carlton Spa, Macau help guests relax and rejuvenate.

As the dining destination in Asia, Galaxy Macau offers a wide variety of gastronomic delights, exquisite experiences and ingredients of the finest quality with over 120 dining options from Michelin dining to authentic delicacies.

Embark on a delightful and rewarding journey at Galaxy Promenade, the one-stop shopping destination boasting some of the world’s most iconic luxury brands. Be the first to get the latest limited-edition items; explore fascinating pop-ups by coveted labels and revel in fabulous shopping rewards and privileges. Our VIPs are entitled to a highly-curated experience with dedicated personal shoppers at guests’ service, and be invited to exclusive luxury brand events. A different caliber of privileges and rewards also await. Discover the joys of fashion and stand at the forefront of style and sophistication—Galaxy Promenade has everything guests need to stay ahead of the style game.

Galaxy Cinemas takes immersive movie experiences to the next level with the latest audio-visual technology, ultra-luxurious facilities and bespoke services; CHINA ROUGE, one-of-a-kind deluxe lounge that evokes the glitz and glamor of Shanghai’s golden era with entertainment in luxury and style; and Foot Hub presents the traditional art of reflexology to make you feel more relaxed and revitalized. For Authentic Macau Flavors & Vibrant Asian Experiences, Broadway Macau – just a 90-second walk via a bridge from Galaxy Macau, has over 35 Authentic Macau & Asian Flavors at its Broadway Food Street. The 2,500-seat Broadway Theatre plays host to world-class entertainers and a diverse array of cultural events.

Meeting, incentive and banquet groups are also well looked after with a portfolio of unique venues in Galaxy Macau and a professional service staff. Galaxy International Convention Center (GICC) is the latest addition to the Group’s ever-expanding integrated resort precinct and will usher in a new era for the MICE industry in Macau. GICC is a world- class event venue featuring 40,000-square-meter of total flexible MICE, and a 16,000-seat Galaxy Arena – the largest indoor arena in Macau.

“You Voted, We Listed”: ByVotes Community Propelled TOSHI, HAT, and HPOS10I to Bybit Spot Listings

DUBAI, UAE, Jan. 21, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, has welcomed a stream of successful community-led and backed listings through its ByVotes mechanism in January. To celebrate the listings, the exchange is offering exclusive rewards for three newly listed tokens: TOSHI, HAT, and HPOS10I in respective Puzzle Hunt events.

Now listed on Bybit, the tokens are available for Bybit Spot trading, Spot Grid Trading Bots, and Convert. Users can buy and convert them with more than 400 crypto assets or USDT at zero fee:

  • Representing the BASE mascot, Coinbase co-founder Brian Armstrong’s beloved cat and BTC’s revered creator, TOSHI is native to the Meow DAO and exemplifies community governance in the tokenized economy as the oldest meme coin on the Base network.
  • For the Top Hat token HAT, the listing will enhance access to the customizable AI agent revolution for Bybit users looking to tap into emerging technologies. It fuels the no-code AI agent generation platform, allowing users to create and personalize their very own AI agents within minutes and without hard technical skills.
  • The iconic memecoin HPOS10I was the first of its kind to fuse the realm of fantasy and the chaotic lure of crypto since May 2023. It is known for its vibrant community, the Sproto Gremlins, an NFT collection of 3,333 exclusive unique manifestations of HPOS10I’s egregore. 

Spot Listing Perks

ByVotes users who carried the projects across the finishing lines have divided the respective prize pool for their voting success. Additionally, each listing comes with more exclusive Bybit Spot rewards.

From now to Jan. 31, eligible Bybit users may sign up for the TOSHI Puzzle Hunt and the HPOS10I Puzzle Hunt for a chance to win up to 1,000,000 TOSHI tokens or up to 600 HPOS10I from the total prize pools. To participate, users may earn or exchange puzzle pieces through simple tasks: check-ins, deposits, trading, or referrals.

Separately, from now to Feb.4, another 18,000,000 HAT are up for grabs for in the HAT Puzzle Hunt event.

Diversifying Bybit Spot Through ByVotes

ByVotes was upgraded in 2024 with resounding success, having launched 6 exciting new projects and saw a 300% increase in visits after the revamp. The platform also recorded a 200% growth in voters.

The benefits of the ByVotes platform include community innovation and enhanced dynamics between new projects and its backers. It offers an innovative alternative to decision making for token listings on Bybit, empowering the its users to help expand the offerings on Bybit Spot by popular votes. The ByVotes prize pools also provide early supporters with opportunities to gain from pre-listing rewards and airdrops. 

Users may visit ByVotes to get a headstart on supporting more upcoming projects championing innovation and creativity in the Web3 and blockchain space.

#Bybit / #TheCryptoArk

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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Frost & Sullivan grants Plataine the 2025 Technology Trailblazer Award for Agentic-AI for Manufacturing

Plataine’s AI-Agents reduce cost and improve efficiency, productivity, performance, and ROI, enabling manufacturers to operate at scale with agility and environmental responsibility.

SAN ANTONIO, Jan. 21, 2025 /PRNewswire/ — Frost & Sullivan recently researched the manufacturing industry, and based on its assessment results, recognizes Plataine with the 2025 Frost & Sullivan Technology Trailblazer Award. The company’s Total Production Optimization (TPO) suite of AI Agents provides actionable insights and recommendations for solving complex problems in the manufacturing space. The innovative and disruptive technology revolutionizes traditional processes and enables manufacturers to optimize resource utilization and on-time delivery in real time. Plataine’s suite of AI Agents enhances decision-making and significantly improves production efficiency and agility in complex environments. It addresses core manufacturing challenges like day-to-day scheduling, long-term order-planning, ability-to-promise (ATP) and equipped-to-deliver (ETD) processes, materials and tooling management, supply chain connectivity, and more. Plataine’s agents, such as ATP and ETD agents, enable agent-to-agent communication, allowing coordination and orchestration of complex tasks within the factory as well as across the supply chain. Moreover, supplier- and customer-agents can coordinate plans and delivery in real time and present exceptions or other escalations to the users. Key benefits to end customers and the industry include:

  • Enhanced Decision-Making and Efficiency
  • Scalability and Support for Production Demands
  • Improved Material Utilization and Sustainability
  • Supply Chain Visibility and Integration
  • Automated and Optimized Production Plan creation
  • Automated Processes and Digital Transformation
  • Higher Execution Rates and Enterprise-grade Oversight
  • Ease of Use, Quick Deployment, and Customer Satisfaction
  • Modularity, Digital Twin Creation and Digital Knowledge Capture
  • Data Security and Edge Computing

Plataine’s TPO suite empowers manufacturers with agentic AI solutions that optimize production processes, enhance resource utilization, increase production agility, and enable rapid scalability. These agents solve a wide range of complex problems and may communicate with other AI agents, users and other systems to ultimately drive operational efficiency and sustainability while bridging the knowledge gap between experienced and new employees. TPO suite’s AI-driven alerts, recommendations, and automation tools and agents empower plant managers, factory operators, and production planners to make quick, effective decisions, optimizing scheduling and resource management and increasing production efficiency. It enables manufacturers to scale operations efficiently with existing resources, accommodating post-COVID production surges and achieving 10% to 20% productivity gains without major investments in new equipment or labor. Advanced algorithms optimize material use, reduce waste, and help manufacturers meet sustainability goals by lowering carbon footprints and promoting efficient energy use. The solution enhances transparency within the supply chain and integrates seamlessly with existing enterprise resource planning (ERP) systems, manufacturing execution systems (MES), and customer relationship management (CRM), allowing manufacturers to adapt swiftly to disruptions and maintain smooth workflows. This enhances functionality, improve supply chain visibility, and facilitate data-driven decision-making across multiple production sites.

Ojaswi Rana, Best Practices Analyst, Frost & Sullivan, observed “Plataine’s TPO suite of AI agents represents a significant leap forward in manufacturing technology, solving complex problems and addressing critical gaps in real-time data integration and decision-making. By harnessing AI, the company enhances operational efficiency and scalability and empowers manufacturers to navigate modern production demand complexities while promoting sustainability and reducing waste.”

Plataine’s disruptive TPO suite automates routine planning and scheduling tasks, enabling staff to focus on strategic goals. The solution leverages AI and cloud technologies, driving digital transformation and attracting a tech-savvy workforce. It implements edge computing for local data processing, enhancing data security and effectively managing sensitive operational information. Designed for rapid deployment with minimal training, the solutions ensure high user satisfaction, low churn rates, and a customer-centric approach incorporating user feedback for continuous improvement. Plataine’s TPO suite digitally captures operational knowledge to bridge the expertise gap between experienced and new employees, ensuring knowledge continuity within the workforce.

With ERP providers seeking specialized partners and the expected ‘sunset’ of legacy on-premises systems, Plataine is well-positioned to complement and enhance existing solutions with its cloud-based scalable agents. Successful pilot programs further validate Plataine’s capacity to deliver measurable value, solidifying its role in helping manufacturers meet growing production demands without significant capital investments. The suite integrates manufacturing dimensions to improve execution rates significantly, up to 90% to 95%, and provides seamless management of multiple global sites, ensuring comprehensive oversight.

“In this era of digital disruption, Plataine is at the forefront of transforming the advanced manufacturing ecosystem by seamlessly blending AI and Industrial IoT technologies to redefine efficiency and innovation. With its intelligent, real-time solutions, Plataine stands as a game-changer, empowering contemporary manufacturers to stay ahead in an ever-evolving global landscape and setting new benchmarks for optimizing the Factory of the Future,” added Ankit Shukla, Vice President – TechVision, Frost & Sullivan. For its strong overall performance in the manufacturing industry, Plataine earns Frost & Sullivan’s 2025 Technology Trailblazer Award.

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, Mega Trends, new business models, and companies to action, resulting in a continuous flow of growth opportunities to drive future success. Contact us: Start the discussion. Contact us: Start the discussion.

Contact:

Lindsey Whitaker
E: Lindsey.Whitaker@frost.com

Bybit Web3 Livestream: Meme Lords and AI Masterminds to Face Off in Epic Roast Battle

DUBAI, UAE, Jan. 21, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, is orchestrating an intellectual sparring match between Web3’s AI luminaries. The upcoming livestream “Web3 Roasts: Are AI Memes Just Hype or the Real Deal?” offers the perfect occasion for meme and AI skeptics: users in the audience may tune in to watch top projects make their case for AI’s role in Web3, and the robustness of GoPlus Security’s Web3 security solution, and join the “Debunk Squad” for a chance to win from a $1,000 prize pool in AI meme tokens.

When and Where

In what promises to be the spiciest Web3 livestream in 2025, the worlds of artificial intelligence and internet meme culture are about to collide on Jan. 23, 2024 at 5AM UTC on Bybit Livestream. MK Chin, Head of Marketing at Bybit Web3, will referee this virtual sparring match  and showcase both the triumph and folly of artificial intelligence in the memescape. The following speakers and creators will be braving the roast session:

  • Luna, AI Idol at Luna by Virtuals
  • Solomon, CMO at Moonpump
  • Patrick, Marketing Comms Lead at GoPlus Security
  • Victoria, Head of APAC at VANA

What to Expect

The audience will witness the hottest takes and the coldest burns exchanged between some of the most high profile AI projects in Web3. The cerebral interactive sessions will explore everything from accidental masterpieces to spectacular AI fails, challenging the synthetic minds that are shaping the meme culture of the times.

The agenda is a crash course in the AI meme evolution of 2024, featuring unsparing critique sessions that challenge the existential quandaries of AI agents and the occasionally questionable aesthetics of the meme economy. It is up to the projects to defend their honor and demystify their AI magic in front of a live audience. 

The audience will also get to defend their favorite project in the debate—$1,000 prize pool in AI meme tokens will be unlocked by the top 50 live chat participants with the wittiest commentary.

Utility, Community, Sustainability, and Security

Rising to the intellectual gauntlet, the speakers will be debunking common myths and take the audience on an adventure to AI’s tokenized future and security landscape. The discourse touches on real-world applications of trending AI tokens, heartwarming and inspiring tales of community triumph, and culminates in their ambitious visions for 2025 and beyond.

“AI has basked in glamor in the past year. We are keeping it real in Web3 by introducing it to the ruthless and chaotic energy of meme culture,” says MK Chin, Bybit Web3 Evangelist. “Expect plenty of ‘neural network walks into a bar’ jokes and maybe even AI Web3 mishaps that are too good not to share.”

To sign up for the livestream, users may visit the event page for a chance to debate and win AI tokens.

Bybit Web3 Livestream: Meme Lords and AI Masterminds to Face Off in Epic Roast Battle
Bybit Web3 Livestream: Meme Lords and AI Masterminds to Face Off in Epic Roast Battle

#Bybit / #TheCryptoArk / #BybitWeb3

About Bybit Web3

Bybit Web3 is redefining openness in the decentralized world, creating a simpler, open, and equal ecosystem for everyone. We are committed to welcoming builders, creators, and partners in the blockchain space, extending an invitation to both crypto enthusiasts and the curious, with a community of over 130 million wallet addresses across over 30 major ecosystem partners, and counting. 

Bybit Web3 provides a comprehensive suite of Web3 products designed to make accessing, swapping, collecting and growing Web3 assets as open and simple as possible. Our wallets, marketplaces and platforms are all backed by the security and expertise that define Bybit as the world’s second-largest cryptocurrency exchange by trading volume, trusted by over 50 million users globally.

Join the revolution now and open the door to your Web3 future with Bybit.

For more details about Bybit Web3, please visit Bybit Web3.

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

Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

ARMswap Launches its DeFi Platform

VILNIUS, Lithuania, Jan. 21, 2025 /PRNewswire/ — The ARMswap team is thrilled to announce the launch of its 1st version of its DeFi protocol. The web3 world is booming with numerous layer-1 and layer-2 blockchains, each having their unique algorithms and capabilities. However, their closed architecture hinders seamless interaction and information flow between networks, creating inefficiencies. ARMswap’s launch addresses this fundamental inefficiency in the current blockchain architecture and introduces a more optimized version of the multi-directional cross-chain swaps and bridges.

Simplifying Cross-Chain Transactions

“The fragmentation of blockchain networks has been a critical issue, and users were compelled to navigate through various DEXs and third-party bridges to perform a single cross-chain transaction,” notes the CTO of ARMswap. “ARMswap’s launch represents a watershed moment in addressing this fragmentation that has constrained Defi’s evolution.”

ARMswap’s architecture, validated through rigorous security audits by the leading Blockchain security firm Hashlock, combines advanced cryptographic protection for user funds. ARMswap’s protocol delivers secure and rapid swap/bridge operations, setting new industry benchmarks for transaction processing efficiency.

The platform supports 31 blockchains and their native coins in its V1 launch in Jan 2025, with plans for expansion to include more blockchains every quarter.

In V2, ARMswap will integrate with protocols like Chainlink, Axelar network, Layer zero, Wormhole, etc., to provide extensive coverage of EVM & non-EVM chains. In V3, Armswap will introduce its own framework for relayers and oracles for seamless interoperability across Web3.

ARMSP Fair Launch

ARMswap is launching its utility token, ARMSP, in Jan 2025, incentivizing liquidity providers to actively participate in the ecosystem and to share platform and pool returns with the platform participants.

ARMswap is also releasing its DeFi Mobile App (IOS & Android) in March 2025, enabling users to connect their existing wallets and perform swap transactions and participate in liquidity pools and rewards.

Limited Supply 

Join the ARMswap V1 platform and participate in the ARMSP token Fair Launch on 13th Jan 2025, with a limited supply of 400 million tokens out of 1.25 billion max supplies. Early participants can enjoy bonuses and earn rewards through the ARMswap MVP program. After a 12-month vesting period, ARMSP will be listed on all major exchanges globally.

About ARMswap:

ARMswap UAB simplifies cross-chain asset transfers and brings the power of Web3 and the de-centralization of blockchains into our daily lives and businesses.

Website: www.armswap.com 

For Media Inquiries:
Contact Name: Husnain Aslam
Title: Chief Technology Officer
Email: media@armswap.com 

Gravity Announces $13M in Series A Funding to Automate Reporting and Accelerate Energy Optimization

Round led by Ansa Capital underscores industry need for an end-to-end carbon accounting platform that engages overlooked industries and drives business impact

SAN FRANCISCO, Jan. 21, 2025 /PRNewswire/ — Gravity, the leading enterprise carbon accounting and energy management platform, today announced a $13M Series A funding round, bringing the company’s total funding to over $20M. The round was led by Ansa Capital, with participation from existing investors Eclipse, Hanover, and Caffeinated Capital, along with new investors Communitas Capital, Buoyant Ventures, and WEX Venture Capital. As part of the round, Marco DeMeireles, Co-Founder and Managing Partner of Ansa Capital, will join Gravity’s board of directors.

Amidst a surge in carbon reporting requirements, sustainability teams are drowning in disclosure obligations, with little business impact to show for their efforts. With the majority of their time and resources spent on reporting and stakeholder engagement, there is little focus on action, which leads to companies leaving an estimated $2T on the table in energy efficiency savings alone. Gravity addresses this challenge head-on by delivering a carbon management solution that automates data collection and reporting, while empowering companies, even those in critical hard-to-abate industries, to reduce their energy consumption and costs.

“Too often, sustainable disclosure is a manual, time-consuming chore that’s detached from evergreen business priorities. Ultimately, behind every ton of emissions is a cost – whether it’s energy spend, logistics investments, or purchased goods and services,” says Saleh ElHattab, CEO and Co-Founder of Gravity. “Gravity taps into the fact that these cost centers are already well-tracked and can be measured automatically, while connecting the task of reporting back to every company’s core financial priorities of cost and risk mitigation. Reporting should be easy and connected to business value.”

Unlike other platforms that require manual data entry, Gravity automates data collection and calculates audit-ready sustainability reports, offering a frictionless experience that has convinced over 60% of Gravity’s customers to switch from other providers. Gravity’s industry-leading data collection capabilities seamlessly integrate with each customer’s existing energy tracking, supplier engagement, ESG measurement, and reporting modules, dramatically lowering their compliance burden and time spent on disclosure. One customer reported that Gravity’s AI-powered bill scanning saved them an estimated 4,600 hours — or 578 days of work — annually.

Gravity’s platform also turns the act of reporting into one of value creation. Through energy audits, financing partnerships, and a marketplace of trusted vendors, Gravity is a one-stop shop for companies to execute projects that improve balance sheets by enhancing energy efficiency and unlocking new electrification and energy storage opportunities. One Gravity project – an HVAC optimization for a Midwestern utility – saved the customer over $2M annually. Another project, for a vertically integrated developer in Nevada, secured over $1M in federal incentives for construction improvements that were both sustainable and modernizing.

“Gravity is the first platform we’ve seen successfully leverage LLMs to automate emissions reporting for large-scale organizations and turn carbon accounting into a value driver by identifying and executing cost-saving opportunities through their marketplace,” said Marco DeMeireles, Co-Founder and Managing Partner at Ansa Capital. “With a founding team that combines deep industrial expertise with world-class climate strategy and engineering excellence, we believe Gravity will be instrumental in helping the largest emitters move beyond emissions calculation to actively managing their energy costs through pragmatic, high-ROI actions on one convenient platform.”

The solution has struck a chord with the market, driving 400% year-over-year revenue growth. Gravity works with Fortune 500 companies, global enterprises, and leading private equity firms, including WM, Autodesk, and MiddleGround Capital. It is also supporting the companies that make up their supply chains and portfolios, including construction firms like McCarthy Holdings, Inc.; distributors like TTI, Inc., a Berkshire Hathaway Company; and metals suppliers like Wisconsin Aluminum Factory.

“We chose Gravity because it was the only solution that truly automated the data ingestion process and empowered us to go beyond reporting to reduce costs and increase business resilience,” explains Sachin Shivaram, CEO of Wisconsin Aluminum Factory. “Thanks to Gravity, we are executing energy projects that deliver over $400,000 in annual savings, more than paying for itself. The team consistently goes above and beyond to anticipate our business needs, shepherding us through a journey that would have otherwise been very difficult.”

Gravity plans to invest the Series A funds in product research and development as the company expands its carbon management solution and customer experience. In particular, Gravity will double down on its energy efficiency marketplace, making it easier for customers to identify and implement energy efficiency projects and introducing new decarbonization and financing partners. The company will also expand its team in the US and EU to deliver the platform to new markets and empower customers to meet new regulatory reporting requirements.

To learn about Gravity’s solution and see the platform, visit their website here.

About Gravity
Gravity is an end-to-end carbon accounting and energy management solution that aligns sustainability and business impact. Built for energy-intense operations and companies with complex supply chains, Gravity empowers the world’s makers and leading institutions to easily comply with emissions reporting requirements, win over customers, and reduce costs by optimizing energy use. With industry-leading technology, Gravity ensures customers can navigate the changing regulatory environment with confidence and execute projects that drive meaningful energy reductions, while protecting – and enhancing – their bottom line. Learn more and arrange a demo at www.gravityclimate.com.

About Ansa Capital
Ansa Capital makes high-conviction, thesis-driven investments in technology companies scaling from early venture to early growth. Backed by leading institutions, including Princeton and Accolade Partners, we focus on investing in new markets, innovative distribution models, and modern software tools—serving as the hub for tomorrow’s leading companies, operators, and ideas. We leverage our prior experience as partners to companies like CrowdStrike, Coinbase, Zscaler, and Peloton to support our operators’ evolution into category definers. Our commitment extends beyond capital: our team and network of advisors aid founders in operational scaling, while our Revenue Council of experienced go-to-market leaders provides indispensable tools and resources to accelerate the path to market leadership. Our ambition is to be your most aligned and impactful partner. Learn more at www.ansa.co

 

HIGHWAY HOLDINGS REPORTS FISCAL YEAR 2025 THIRD QUARTER AND NINE MONTH RESULTS

  • 21% YoY Increase in Revenue for the Fiscal Year 2025 Nine Months

HONG KONG, Jan. 21, 2025 /PRNewswire/ — Highway Holdings Limited (Nasdaq: HIHO) (the “Company” or “Highway Holdings”) today reported financial results for its fiscal third quarter 2025 and fiscal nine months ended December 31, 2024, with a 21% increase in revenue and a $0.05 increase in diluted earnings per share for the nine months results of fiscal year 2025, compared to the year ago period.

Net revenue for the third quarter of fiscal year 2025 decreased 13.5% to $1.9 million compared with $2.2 million in the year ago period. Net income for the third quarter of fiscal year 2025 decreased to $92,000, or $0.02 per diluted share, compared with $348,000 or $0.08 per diluted share in the year ago period.

Net revenue for the first nine months of fiscal year 2025 increased 21% to $5.9 million, compared with $4.9 million in the year ago period. Net income for the first nine months of 2025 was $421,000, or $0.1 per diluted share, compared with a net income of $223,000, or $0.05 per diluted share for the year ago period.

Roland Kohl, chairman, president and chief executive officer of Highway Holdings, said, “While our revenue growth was healthy for the first nine months of fiscal year 2025, the overall near-term situation remains generally challenged as previously reported. Being an OEM manufacturer, we depend on the business health and quality of our customers. We are seeing some encouraging signs at specific customers, but the broader rebound has been slowed by the uncertain macro environment, following the fallout of COVID, as orders for customer products have been adversely impacted by the Russia/Ukraine war, the conflict in the Middle East, and uncertainty around potential policy changes from the incoming new administration in the U.S. It remains to be seen how much of the uncertainty and paused demand will be short-term in nature.”

“Longer-term, we see market changes as a positive and a better option than being stuck in neutral. We are optimistic and focused on leveraging the company’s strengths, customer relationships, highly valued experience and healthy financial position to benefit from the eventual uptick in demand and build value for shareholders. As noted last quarter, as part of our business growth strategy, we are evaluating numerous possible ventures, which could substantially improve the Company’s future. This includes diligently working a new restructured deal with Synova to reflect the significantly changed market situation. We are separately evaluating other potential strategic transactions regarding both direct and indirect manufacturing outside of Asia which may benefit our company and our customers. Lastly, we are working diligently on creating a new second line of business to help drive growth and diversification. We are confident that with our present efforts we will be less reliant on the business health our customers. In this respect, we are cautiously optimistic that the company is on the right track for a better future as we continue to build on our track record of success over the long-term.”

Select Additional Financial Results:

Gross margin for the third quarter of fiscal year 2025 was 34 percent, compared to 41 percent in the year ago period, mainly reflecting the impact of a different product mix with various margin levels particularly for a large game console customer. Gross margin for the first nine months of fiscal year 2025 increased 250 basis points to 36.5 percent, compared to 34 percent in the year ago period, with the improvement led by higher revenue and slight rebound in utilization levels.

The Company reported a $144,000 currency exchange gain for the first nine months of fiscal year 2025, compared with a $58,000 currency exchange gain in the year ago period, primarily due to the weakening of the Chinese RMB and Myanmar Kyat. The Company does not engage in currency exchange rate hedging, and the fluctuation in the exchange rate of the RMB and Kyat are expected to affect the Company’s future results.

The Company’s balance of cash at December 31, 2024 was approximately $5.2 million, or a balance of cash of approximately $1.19 per diluted share.

The Company’s current ratio was 2.56:1 at December 31, 2024.

About Highway Holdings 

Highway Holdings is an international manufacturer of a wide variety of quality parts and products for blue chip equipment manufacturers based primarily in Germany. Highway Holdings’ administrative offices are located in Hong Kong and its manufacturing facilities are located in Yangon, Myanmar and Shenzhen, China. For more information visit website www.highwayholdings.com.

Except for the historical information contained herein, the matters discussed in this press release are forward-looking statements, which involve risks and uncertainties, including but not limited to economic, competitive, governmental, political and technological factors affecting the company’s revenues, operations, markets, products and prices, the impact of the worldwide COVID-19 pandemic, and other factors discussed in the company’s various filings with the Securities and Exchange Commission, including without limitation, the company’s annual reports on Form 20-F.

(Financial Tables Follow)

 HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Statement of Income

(Dollars in thousands, except per share data)

(Unaudited)

Three Months Ended

Nine Months Ended

December 31,

December 31,

2024

2023

2024

2023

Net sales

$1,929

$2,232

$5,925

$4,901

Cost of sales

1,259

1,310

3,760

3,219

Gross profit

670

922

2,165

1,682

Selling, general and administrative expenses

666

679

2,048

1,728

Operating income

4

243

117

(46)

Non-operating items

Exchange gain /(loss), net

48

27

144

58

Interest income

44

63

147

156

Gain/(Loss) on disposal of assets

3

16

Other income/(expenses)

4

8

16

14

Total non-operating income/ (expenses)

96

101

307

244

Net income before income tax and non-controlling
interests

100

344

424

198

Income taxes

1

7

Net income before non-controlling interests

100

345

424

205

Less: net gain attributable to non-controlling interests

(8)

3

(3)

18

Net income attributable to Highway

Holdings Limited’s shareholders

92

348

421

223

Net Gain/ (loss) per share – Basic                     

$0.02

$0.08

$0.10

$0.05

Net Gain/ (loss) per share – Diluted                    

$0.02

$0.08

  

$0.10

$0.05

Weighted average number of shares outstanding  

Basic

4,402

4,386

4,398

4,314

Diluted

4,402

4,396

4,398

4,323

HIGHWAY HOLDINGS LIMITED AND SUBSIDIARIES

Consolidated Balance Sheet

(Dollars in thousands, except per share data)

(unaudited)

Dec 31,

(audited)

Mar 31,

2024

2024

Current assets:

Cash and cash equivalents

$5,235

$6,601

Accounts receivable, net of doubtful accounts

1,959

1,253

Inventories

1,469

1,566

Prepaid expenses and other current assets

402

226

Total current assets

9,065

9,646

Property, plant and equipment, (net)

53

Operating lease right-of-use assets

1,012

1,375

Long-term deposits

206

202

Long-term loan receivable

95

95

Investments in equity method investees

Total assets

$10,431

$11,318

Current liabilities:

Accounts payable

$953

$935

Operating lease liabilities, current

633

588

Other liabilities and accrued expenses

1,402

1,789

Income tax payable

490

480

Dividend payable

67

45

Total current liabilities

3,545

3,837

Long term liabilities:

Operating lease liabilities, non-current

351

803

Long term accrued expenses

40

40

Total liabilities

3,936

4,680

Shareholders’ equity:

Preferred shares, $0.01 par value

Common shares, $0.01 par value

44

44

Additional paid-in capital

12,169

12,117

Accumulated deficit

(5,124)

(5,015)

Accumulated other comprehensive income/(loss)

(590)

(501)

Non-controlling interest

(4)

(7)

   Total shareholders’ equity

6,495

6,638

Total liabilities and shareholders’ equity

$10,431

$11,318