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VCI BIOFUELS GROUP SIGNS DEFINITIVE MERGER AGREEMENT WITH INTERNATIONAL MEDIA ACQUISITION CORP. TO PUBLICLY LIST ON THE NASDAQ

NEW YORK, April 10, 2025 /PRNewswire/ — The Vietnamese ethanol production company, Vietnam Biofuels Development Joint Stock Company and its affiliates (together, “Vietnam Biofuels” or “VNB”), VCI Holdings Limited (“VCI” and together with VNB, the “VCI Biofuels Group”) and International Media Acquisition Corp. (OTC: IMAQ) (“IMAQ”) are pleased to announce today that they have entered into a definitive merger agreement (the transactions contemplated thereunder, the “Transaction”). Vietnam Biofuels is a manufacturer of bio-ethanol in Vietnam and specializes in producing ethanol products with a focus on fuel ethanol. As a result of the Transaction, the combined company is expected to be renamed VI Energy and the combined entity is expected to be publicly listed on the NASDAQ.

VCI Biofuels Group Highlights

VCI Biofuels Group is a seasoned operator in the biofuel manufacturing industry in Vietnam, producing fuel ethanol, solvent alcohol, and food alcohol. Established in 2014, VCI Biofuels Group has established a track record in environmental management, recycling, and biofuel processing. Upon closing, the Transaction will position VCI Biofuels Group to further expand its business and execute on its growth strategy.

IMAQ management believes that VCI Biofuels Group is well-positioned to capitalize on the demand for biofuel locally in Vietnam and internationally. IMAQ management believes that VCI Biofuels Group’s established bio-ethanol factory combined with the Vietnamese government’s mandate for ethanol blending in gasoline, potentially presents a compelling opportunity for significant growth.

Transaction Overview

The Transaction values VCI Biofuels Group at an implied enterprise value of $1 billion. The Board of Directors of VNB, VCI and IMAQ have unanimously approved the proposed Transaction, subject to, among other things, regulatory approvals, the approval by IMAQ’s stockholders of the Transaction and satisfaction or waiver of other customary closing conditions.

This strategic merger is designed to provide the VCI Biofuels Group with access to capital markets, support its growth strategy and further strengthen its position in the sector.

Navin Sidhu, VCI Biofuels Group CEO, stated,  “With the merger we intend to grow our production capacity and continue to not only be a leader in Vietnam’s biofuel and ethanol industry, but Asia’s. Upon completion and with adequate funding, we plan to immediately implement one of our post-merger strategies by tapping into the profitable and currently underserved market for sustainable aviation fuel, which is expected to reach $325 billion by 2030.

With access to the dynamic US capital markets and the multitude of financing options it brings, we believe that the group will be in a very strong and enviable position to expand organically while leveraging on acquisition growth that could add tremendous value for shareholders and all stakeholders alike.”

Yu-Fang Chiu, Chairperson, CEO and CFO of IMAQ, commented, “Finding the right partner is never easy—whether in life or in business. Over the course of three years, IMAQ has evaluated numerous companies, and we are pleased to announce that we have chosen the “one”. We believe that the VCI Biofuels Group is well positioned in the renewable energy sector, with a track record of a decade in Vietnam’s biofuel and ethanol market. By entering into this merger agreement, we aim to provide VCI Biofuels Group with the tools and access to the capital markets they need to continue executing their plans in the near future. We believe this merger offers a compelling opportunity for our investors to become part of an exciting company that creates value for stakeholders.”

Advisors

Loeb & Loeb LLP, Ogier and DaHui Lawyers are serving as legal advisors to International Media Acquisition Corp.

Additional information about the proposed Transaction, including a copy of the merger agreement, will be available on a Current Report on Form 8-K, to be filed by International Media Acquisition Corp. with the Securities and Exchange Commission (“SEC”) and available at www.sec.gov. In connection with the proposed Transaction, the parties intend to jointly file a registration statement, which will include a proxy statement and a prospectus, with the SEC.

About VCI Biofuels Group

VCI Biofuels Group is an innovative chemicals and ethanol producer with a focus on advanced efficient recovery methods. Its corporate headquarters are located in Vietnam.  Established in 2014, VCI Biofuels Group has developed a track record in environmental management, recycling, and biofuel processing. Over the last decade, the company has consistently pursued its mission “For a Sustainable Common Roof”, striving to become a leading enterprise in the field of biofuels and contributing to the new economic development in Vietnam.

About International Media Acquisition Corp.

International Media Acquisition Corp. (“IMAQ”) is a blank check company incorporated for the purpose of effecting a merger, share exchange, asset acquisition, share purchase, reorganization or similar business combination with one or more businesses.  

Forward Looking Statements

This press release includes “forward-looking statements” which may be identified by the use of words such as “estimate,” “plan,” “project,” “forecast,” “intend,” “will,” “expect,” “anticipate,” “believe,” “seek,” “target” or other similar expressions that predict or indicate future events or trends or that are not statements of historical matters. These forward-looking statements include, but are not limited to, statements regarding projections, estimates and forecasts of revenue and other financial and performance metrics, projections of market opportunity and expectations, the estimated equity value of the combined company, Vietnam Biofuels Group’s ability to scale and grow its business, the advantages and expected growth of the combined company, the combined company’s ability to source and retain talent, the cash position of the combined company following closing of the Transaction, IMAQ’s and Vietnam Biofuels Group’s ability to consummate the Transaction, and expectations related to the terms and timing of the Transaction, as applicable. These statements are based on various assumptions, whether or not identified in this press release, and on the current expectations of IMAQ’s and Vietnam Biofuels Group’s respective management and are not predictions of actual performance.

Any forward-looking statements are provided for illustrative purposes only and are not intended to serve, and must not be relied on by any investor, as a guarantee, an assurance, a prediction or a definitive statement of fact or probability. Actual events and circumstances are difficult or impossible to predict and will differ from assumptions. Many actual events and circumstances are beyond the control of IMAQ and Vietnam Biofuels Group. These forward-looking statements are subject to a number of risks and uncertainties, including the inability of IMAQ and Vietnam Biofuels Group to successfully or timely consummate the proposed Transaction, including the risk that any regulatory approvals are not obtained, are delayed or are subject to unanticipated conditions that could adversely affect the combined company or the expected benefits of the proposed Transaction or approval of the shareholders of  IMAQ or Vietnam Biofuels Group; failure to realize the anticipated benefits of the proposed Transaction; risks relating to the combined company’s sources of cash and cash resources; risks relating to Vietnam Biofuels Group’s business; risks relating to IMAQ’s and the combined company’s vulnerability to security breaches; risks relating to the combined company’s ability to manage future growth; the effects of competition on the combined company’s future business; the amount of redemption requests made by IMAQ’s public stockholders; the outcome of any potential litigation, government and regulatory proceedings, investigations and inquiries involving the parties to the Transaction; the impact of the COVID-19 pandemic or infectious diseases on  the combined company’s business and the global economy; and those factors discussed in IMAQ’s final prospectus related to its initial public offering dated July 28, 2021, under the heading “Risk Factors,” in IMAQ’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024 under the heading “Risk Factors” filed with the SEC on August 8, 2024 and other documents filed, or to be filed, by IMAQ with the SEC. If any of these risks materializes or our assumptions prove incorrect, actual results could differ materially from the results implied by these forward-looking statements. There may be additional risks that neither IMAQ nor Vietnam Biofuels Group presently knows or that IMAQ and Vietnam Biofuels Group currently believe are immaterial that could also cause actual results to differ from those contained in the forward-looking statements. In addition, forward-looking statements reflect IMAQ’s and Vietnam Biofuels Group’s expectations, plans or forecasts of future events and views as of the date of this press release. IMAQ and Vietnam Biofuels Group anticipate that subsequent events and developments will cause IMAQ’s and Vietnam Biofuels Group’s assessments to change. However, while IMAQ and Vietnam Biofuels Group may elect to update these forward-looking statements at some point in the future, IMAQ and Vietnam Biofuels Group specifically disclaim any obligation to do so. These forward-looking statements should not be relied upon as representing IMAQ’s and Vietnam Biofuels Group’s assessments as of any date subsequent to the date of this press release. Accordingly, undue reliance should not be placed upon the forward-looking statements.

Important Information About the Proposed Transaction and Where to Find It

The proposed Transaction will be submitted to shareholders of IMAQ for their consideration and approval. International Media Mini Acquisition Corp, a to-be-formed wholly owned subsidiary of IMAQ (“Purchaser”), and VCI intend to jointly file a registration statement (the “Registration Statement”) with the SEC which will include preliminary and definitive proxy statements to be distributed to IMAQ’s shareholders in connection with IMAQ’s solicitation for proxies for the vote by IMAQ’s shareholders in connection with the proposed Transaction and other matters as described in the Registration Statement, as well as a prospectus relating to the offer of the securities to be issued to Vietnam Biofuels Group’s shareholders in connection with the completion of the proposed Transaction. After the Registration Statement is filed and declared effective, IMAQ will mail a definitive proxy statement and other relevant documents to its shareholders as of the record date established for voting on the proposed Transaction. IMAQ’s shareholders and other interested persons are advised to read, once available, the preliminary proxy statement/prospectus and any amendments thereto and, once available, the definitive proxy statement/prospectus, in connection with IMAQ’s solicitation of proxies for its special meeting of shareholders to be held to approve, among other things, the proposed Transaction, because these documents will contain important information about IMAQ, VCI Biofuels Group and the proposed Transaction. Shareholders may also obtain a copy of the preliminary and definitive proxy statements and the prospectus, once available, as well as other documents filed with the SEC regarding the proposed Transaction and other documents filed with the SEC by IMAQ, without charge, at the SEC’s website located at www.sec.gov or by directing a request to IMAQ.

Participants in the Solicitation

IMAQ, VCI Biofuels Group, and their respective directors, executive officers and other members of management and employees may, under SEC rules, be deemed to be participants in the solicitations of proxies from IMAQ’s shareholders in connection with the proposed Transaction. Information regarding the persons who may, under SEC rules, be deemed participants in the solicitation of IMAQ’S shareholders in connection with the proposed Transaction will be set forth in the proxy statement/prospectus to be filed with the SEC in connection with the Transaction. You can find more information about IMAQ’s directors and executive officers in IMAQ’s definitive proxy statement related to its Annual General Meeting dated December 9, 2024 and IMAQ’s Current Report on Form 8-K dated March 14, 2025. Additional information regarding the participants in the proxy solicitation and a description of their direct and indirect interests will be included in the proxy statement/prospectus when it becomes available. Shareholders, potential investors and other interested persons should read the proxy statement/prospectus carefully when it becomes available before making any voting or investment decisions. You may obtain free copies of these documents from the sources indicated above.

No Offer or Solicitation

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

 

1 Hotel Melbourne Now Accepting Reservations

A Sustainable Sanctuary Inspired by Nature on the Yarra River

MELBOURNE, Australia, April 10, 2025 /PRNewswire/ — 1 Hotels, the mission-driven luxury lifestyle hotel brand founded by hospitality visionary Barry Sternlicht, is thrilled to announce that reservations are now being accepted for 1 Hotel Melbourne, a landmark waterfront property set to debut in June 2025. This marks 1 Hotels’ highly anticipated entrance into the Australian market, bringing an award-winning blend of sustainable luxury and nature-inspired design to the heart of Melbourne, in collaboration with industry-leading developer Riverlee.

River Reserve King at 1 Hotel Melbourne Credit: Mikkel Vang
River Reserve King at 1 Hotel Melbourne Credit: Mikkel Vang

The centerpiece of this remarkable building is the heritage listed Goods Shed No. 5, the last of the unrenovated goods sheds in what was once Melbourne’s busiest port. The property will redefine luxury hospitality in the region with a philosophy that combines sustainability, style, and rejuvenation to create a transformative guest experience.

“At 1 Hotels, we believe that luxury and sustainability can—and should—go hand in hand,” says Barry Sternlicht, founder of 1 Hotels and Chairman of Starwood Hotels. “With 1 Hotel Melbourne, we’ve created a waterfront destination that immerses guests in nature while celebrating the city’s rich legacy and forward-thinking spirit. This hotel isn’t just about where you stay—this is about how you feel, how you connect, and how travel can inspire a deeper commitment to the world around us. The water inspires calm and serenity, which is what our brand is meant to convey: an oasis for travelers to escape the rigors of travel.”

“Opening reservations for 1 Hotel Melbourne is an exciting milestone as we bring our mission-driven hospitality to Australia,” says Raul Leal, CEO of Starwood Hotels. “From reclaimed materials and immersive biophilic design to thoughtfully curated wellness offerings, this property is a testament to our dedication to sustainability and the extraordinary guest experiences that define 1 Hotels.”

“Through our partnership with 1 Hotels, we have reimagined this heritage waterfront site into a sustainable luxury destination that honours Melbourne’s maritime past while setting new benchmarks for environmental stewardship,” says David Lee, Development Director at Riverlee. “This project perfectly embodies Riverlee’s commitment to creating visionary developments that respect our city’s past while building for its future.”

Located on the southwestern edge of Melbourne’s CBD, 1 Hotel Melbourne offers prime access to some of the city’s most celebrated attractions, including Marvel Stadium, the Royal Botanic Gardens, top shopping districts, and world-class theaters. Guests can explore the city via the world’s largest tram network—just two minutes away. The hotel is also adjacent to a 3,500-square-meter native-planted park and offers direct access to Melbourne’s serene riverfront and an extensive network of walking and biking paths.

1 Hotel Melbourne is a showcase of architectural innovation and sustainable design. The striking asymmetric façade features floor-to-ceiling windows with lower glazing that echoes the panels of Goods Shed No. 5 and upper panels that reflect the rippling surface of the Yarra River, while more than 2,000 living plants throughout the property blur the line between indoors and out. The lobby’s reception desk—crafted from fallen trees, reclaimed timber furnishings, and restored elements from Goods Shed No. 5—underscores a deep commitment to adaptive reuse and circular economy principles. Commissioned art reflects the city’s rich creative scene.

The property is on the path to achieving LEED Silver certification and is prioritizing recycled and reclaimed materials throughout the design. Timber sourced from abandoned local rail bridges and wharfs, nearly 2,000 bluestone pavers reinstalled as pathways, and restored steel trusses and window frames preserve the building’s industrial character while celebrating Melbourne’s rich history. As part of the development, 1 Hotel Melbourne also includes 114 exclusive 1 Homes residences, seamlessly integrating sustainable luxury into private living spaces.

Tranquil Rooms Designed for Mindful Luxury

1 Hotel Melbourne features 277 guest rooms, including 36 suites, each designed as a peaceful sanctuary that merges natural beauty with modern comforts. Floor-to-ceiling windows flood the rooms with natural light and frame serene views of the Yarra River or the Melbourne skyline. Sustainability is at the forefront, from energy-efficient smart thermostats and low-VOC materials to collaborations with local artists and the use of heritage architectural elements.
There are bedheads made from reclaimed timber railway bridges, live-edge furniture, and doors featuring preserved moss panels alongside room numbers carved from salvaged wharf timber, delicately etched by long-gone naval worms—an unexpected nod to the site’s maritime history. Rooms also have thoughtfully curated amenities like Bamford Wellness Spa products created in partnership with Carole Bamford, a pioneer in organic, sustainable, and holistic living.

Culinary Experiences Inspired by Land and Sea

Dining at 1 Hotel Melbourne is also inspired by nature. The soon-to-be-revealed signature restaurant led by a dynamic much-loved chef will offer menus that showcase the freshest seasonal produce, with a focus on ingredients sourced from local farmers, fishers, and artisans. Neighbours grab-and-go café will feature organic bites and artisanal products, perfect for a quick snack or thoughtful gift. Guests can sip on foraged cocktails and boutique Victorian wines in the lobby bar, a social hub with breathtaking river views. 

For corporate events, weddings, or intimate gatherings, the hotel offers a range of light-filled, nature-inspired spaces overlooking the river. The Seafarers Event Space, a 1,000-square-meter riverside venue, accommodates up to 900 guests and features expansive windows, lush greenery, and state-of-the-art technology. Additional meeting rooms, including a boardroom and a relaxed lounge, provide flexible options for both corporate and social gatherings. Cutting-edge audiovisual capabilities enhance every event, while a curated approach to music reflects the energy and rhythm of Melbourne.

Wellness is integral to the 1 Hotel Melbourne experience. Guests can recharge at the Field House Gym, the hotel’s state-of-the-art fitness center, equipped with world-class, cutting-edge equipment, personal trainers, and a variety of fitness experiences including mindful programming such as yoga and meditation. Guests can unwind in the indoor pool, sauna, steam room, and a Jacuzzi-style spa. And Bamford Wellness Spa is introducing holistic wellness treatments inspired by local therapies, setting a new benchmark for well-being in Australia.

Sustainability is woven into every aspect of the property’s operations. Biophilic design creates spaces where guests can connect with nature through abundant natural light, living greenery, and organic materials. The hotel also utilizes advanced air quality management systems and innovative water conservation technologies. Through a partnership with Foodprint Group, 1 Hotel Melbourne aims to divert over 90% of waste. Single-use plastics are eliminated in favor of sustainable alternatives like reusable glassware and compostable materials. Thoughtful touches throughout the hotel inspire guests to reflect on their environmental impact and embrace sustainable living long after they leave.

Reservations Now Open

Be among the first to experience 1 Hotel Melbourne, where nature and luxury converge to create an extraordinary retreat in the heart of the city. Reservations are now open. To book your stay or learn more, visit 1hotels.com/melbourne or contact MEL1HSE-Sales@1hotels.com.

ABOUT STARWOOD HOTELS

Starwood Hotels, an affiliate of global private investment firm Starwood Capital Group, is a sustainable hotel brand management company that operates 1 Hotels, a nature-inspired lifestyle brand that launched in 2015 with properties in South Beach (Miami) and Manhattan and includes Brooklyn Bridge (New York City), West Hollywood (Los Angeles), Sanya (China), Toronto, San Francisco, Nashville, the recently opened Hanalei Bay (Kauai) flagship property, and the brand’s first European property in Mayfair (London), with projects in development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), Melbourne (Australia), Seattle, and San Miguel de Allende (Mexico); Baccarat Hotels & Resorts, a luxury brand that made its debut in March 2015 with the opening of its flagship property in New York City, with projects under development in Rome, Florence, Dubai, Riyadh (Saudi Arabia), Brickell (Miami), and the Maldives; and Treehouse Hotels, which premiered in London in 2019 and now includes Manchester (UK) and Silicon Valley (California), with projects under development in Brickell (Miami), Adelaide (Australia), and Riyadh (Saudi Arabia). Leveraging its marketing, design, operational, and technological expertise, Starwood Hotels is the force behind some of the most groundbreaking and dynamic hotel brands in the world. Additional information can be found at starwoodhotels.com.

ABOUT 1 HOTELS

As a mission-driven luxury lifestyle hotel brand inspired by nature, 1 Hotels cultivates the best of sustainable design and architecture, together with extraordinary comfort and an unrivaled level of service. With properties among some of the first to receive the prestigious MICHELIN Key distinction, 1 Hotels is inspired by a simple idea: those who travel the world should also care about it. It is, after all, 1 world. 1 Hotels launched in 2015 with the opening of exclusive properties in Miami’s South Beach and Manhattan’s Central Park, followed by Brooklyn, located on the East River in February 2017; West Hollywood on Sunset Boulevard in June 2019; Sanya (China) in 2020; Toronto in 2021; San Francisco and Nashville in 2022; and in 2023, the Hanalei Bay (Kauai) flagship property and Mayfair (London), the brand’s first European property. The brand is expanding with properties under development in Cabo San Lucas (Mexico), Paris, Elounda Hills (Crete), Austin (Texas), Copenhagen, Riyadh (Saudi Arabia), Melbourne (Australia), Seattle and San Miguel de Allende (Mexico). Additional information can be found at 1hotels.com.

ABOUT RIVERLEE
Riverlee is a Melbourne based, privately owned property group specializing in development and asset ownership across the commercial, residential, and retail sectors. Established in 1993 by Clement Lee, Riverlee is known for delivering visionary projects that lead the industry, both creatively and commercially, while always honoring the region’s heritage, environment, and community.

1 Hotel Melbourne Now Accepting Reservations Credit: Mikkel Vang
1 Hotel Melbourne Now Accepting Reservations Credit: Mikkel Vang

 

 

 

Creality Celebrates 11th Anniversary with New Visual Identity and 3D Printing Innovations

DETROIT, April 10, 2025 /PRNewswire/ — Creality, a leading global 3D printing technology brand, celebrated its 11th anniversary at the Renaissance Center of Detroit by the announcement of new products and an updated visual identity. The celebration was held with creators to showcase their creative 3D printing projects that are contributing to everyday life.

Updated Visual Identity

Creality has always dedicated itself to taking an extra step in supporting innovation. Now with a comprehensive product portfolio that meets all 3D printing needs, the brand has updated its visual identity to match. Creality adopts an original font and a new mascot Maker—which stands for Multi-functional Adaptive Knowledge 3D Engineering Robot—to better reflect its brand innovation. In addition to enhancing the brand’s recognition, Maker will serve as a technical instructor for all 3D printing lovers. These visuals will be rolled out across all company materials, product packaging, and branding assets over time.

Creality's new mascot Maker—stands for Multi-functional Adaptive Knowledge 3D Engineering Robot.
Creality’s new mascot Maker—stands for Multi-functional Adaptive Knowledge 3D Engineering Robot.

Unleashing Creativity

Following the spirit of the ShareFest, an event series celebrating creativity nurtured by 3D printing, Creality’s anniversary event also had the honor to provide an opportunity for real makers to elaborate how 3D printers make their unique ideas sparkle.

Sterling Backus, a physicist known for his 3D-printed Lamborghini Aventador, shared his 5-year experiment on the car; he also envisioned 3D printing in broader industrial applications.

Purdue University’s Rick Womack explained how higher-education students can benefit from Creality’s accessible printers in his 3D Printing Club, and the educational value of 3D printing technology.

Veteran 3D printing user Ian Davis has been in the field of engineering for three decades. As a cancer survivor, Ian designed and produced his own prosthetic hand, and actively customized 3D-printed devices for others.

YouTuber SaturdayMorningProps’s Dylan O’Connell shared the experience of reliving his childhood dreams about classic sci-fi movies through his 3D-printed props.

“We are thrilled to see so many creative minds realizing their dream projects with the help of Creality products,” said Michael Tang, Chief Technology Officer of Creality, “Their creations are truly inspiring and drive us to push the boundaries of what’s possible. Whether in the past or the future, Creality remains committed to expanding the possibilities of 3D printing, empowering both professionals and hobbyists to turn their visions into reality.”

Expanding Product Ecosystem

At the event, Creality unveiled its K2 & K2 Pro, further expanding its K2 Series—flagship FFF (fused filament fabrication) large-format multi-color 3D printers. These models join the popular K2 Plus, reinforcing a strong mid-to-high-end product range designed for exceptional performance and versatility. Together with the Creality RaptorX 3D scanner, the K2 series won the Red Dot Design Award 2025 in the Industrial Equipment, Machinery, and Automation category—a testament to its unparalleled innovation in industrial-grade 3D printing solutions.

Unlike traditional stepper motors that often lose steps under load, the K2 series features FOC step-servo motors, ensuring high accuracy by providing precise control over position and speed, along with improved thermal performance. The printers boast a unibody die-cast frame design, which simplifies the structure while enhancing product consistency and durability.

The Creality ecosystem is a powerhouse of innovation. From the Falcon A1 Pro laser engraver and Otter Lite 3D scanner, SpacePi X4 filament dryer, to the HALOT-X1 resin 3D printer and Soleyin Filament, each product works seamlessly together to drive technological advancement and to elevate the 3D printing experience.

Emil Ma, Head of Branding and Marketing, remarked at the event: “Creality carefully listens to users feedback and continues to evolve—from the self-developed step-servo motor to AI features in the latest CrealityCloud 6.0, Creality makes breakthroughs that really respond to what the community needs.”

About Creality

Founded in Shenzhen in 2014, Creality is a global pioneer in the 3d printing industry that focuses on the research, design and production of consumer and professional-grade 3D printers and 3D printing accessories. As a user-centric company, Creality has expanded its footprint across more than 100 countries and regions and shipped over 5 million 3D printers worldwide, introducing 3D printing to homes, schools, workshops, factories and academic institutions, and driving digitalization in manufacturing, education, healthcare, architecture and beyond.

 

Prime Focus Technologies Wins NAB Show “Product of the Year” Award for CLEAR® AI Content Studio Agents

LOS ANGELES, April 10, 2025 /PRNewswire/ — Prime Focus Technologies (PFT), creator of CLEAR®, announced today that its AI-powered application, CLEAR® AI Content Studio, has won the 2025 NAB Show “Product of the Year” Award in the AI/Machine Learning category.

T Shobhana and the Product Team
T Shobhana and the Product Team

This prestigious honor celebrates breakthrough technologies transforming the media and entertainment landscape. CLEAR® AI Content Studio enables media companies to transform long-form content into snackable, monetizable videos—3x faster and at lower cost per clip—addressing the growing demand for short-form content across digital, social, and OTT platforms.

These agents work in tandem with human users to dramatically accelerate content workflows. The Entertainment Highlights Agent identifies key moments to generate compelling short-form clips; the Reframe Agent optimizes content for mobile-first platforms by converting horizontal formats into vertical or square formats; the Localize Agent enables rapid global distribution by generating AI-powered subtitles, dubs, and closed captions; the Thumbnail Agent selects eye-catching visuals to boost engagement; and the TSK Agent (Title, Synopsis, Keywords) creates rich, platform-optimized metadata to enhance discoverability.

Teams can intuitively search for content, assemble lineups, perform edits in the cloud, and seamlessly export assets to Adobe Premiere Pro—ensuring a smooth and efficient transition into creative post-production pipelines.

CLEAR® AI Content Studio solves for speed, relevance, and personalization—all in one workspace,” said Ramki Sankaranarayanan, Founder & Global CEO, Prime Focus Technologies. “This award is recognition of how AI agents can co-work with human creativity to deliver results that were previously unthinkable.”

The solution is already driving measurable impact:

  • 8X content upload increase, 3X subscriber growth and 22X YouTube revenue boost for a major broadcaster
  • 85% cost savings for an OTT platform through AI-powered subtitling across 15 languages
  • 5X increase in content reuse and 50% reduction in promo creation time for a global broadcaster, accelerating monetization

CLEAR® AI Content Studio enables rapid turnaround of catch-up clips, recaps, trailers, and short-form news summaries; auto-adapts content for mobile-first formats; and localizes with subtitles, dubs, and closed captions—reducing production overheads and scaling audience engagement in a fragmented media landscape.

About Prime Focus Technologies

Prime Focus Technologies (PFT) is the creator of CLEAR®. It offers streaming platforms, studios, and broadcasters AI-led technology and media services powered by the cloud—enabling creativity, agility, and most importantly, revenue growth. PFT partners with major players such as Channel 4, ITV, Sinclair Broadcast Group, A&E Networks, Warner Bros. Discovery, Paramount, Crunchyroll, Insight TV, JioStar, BCCI, Tegna, Amazon MGM Studios, and more.

For more information visit: www.primefocustechnologies.com

Press Contact

T Shobhana
Senior Vice President & Global Head of Marketing
Prime Focus Technologies
Los Angeles, CA
t.shobhana@primefocus.com

 

PRIVATEER’S GLOBAL EXPANSION CONTINUES WITH STRATEGIC INVESTMENT FROM TAIWAN’S FAR EASTERN GROUP

KIHEI, Hawaii, April 10, 2025 /PRNewswire/ — Privateer, a leader in geospatial intelligence and space sustainability, today announced a strategic investment from Far Eastern Group (FEG), one of Taiwan’s largest and most influential conglomerates.

FEG joins a group of top investors on whose support Privateer’s rapid emergence in the national security and commercial geospatial markets has been built, including Lux Capital, Sequoia, Google Ventures, Murata, and Mitsubishi UFJ Financial Group.

“We’ve grown with the backing of some of the best venture firms in the world, and I’m thrilled to count the prestigious Far Eastern Group among them,” Privateer CEO and Chairman Alex Fielding said. “I look forward to working together on public and private sector opportunities in the Asia-Pacific as Privateer continues to expand globally.”

FEG’s investment becomes the latest milestone for Privateer, which followed its $56.5M Series A fundraise and Orbital Insight acquisition with a contract award from the National Geospatial-Intelligence Agency.

Fusing disparate data sources for an all-domain perspective with AI-driven analysis, the company’s intelligence solutions eliminate gaps to uniquely produce critical insights. Privateer’s recent maritime monitoring tool exemplifies the optimizing power of its blend of space domain awareness, Earth observation data, and AI modeling.

“Privateer’s cutting-edge sea-to-space intelligence platform offers powerful insights that can drive innovation across a wide range of industries,” said Juliana Pidner Hsu, Managing Director of DRIVE Catalyst, FEG’s venture capital arm. “Investing in this level of advanced technology strengthens our ability to understand complex regional dynamics and identify transformative solutions—particularly in areas like marine transportation, which is central to FEG’s operations.”

The investment demonstrates the premium placed on real-time, actionable intelligence as businesses and governments navigate increasingly complex and interrelated global challenges at a time of intense focus on government efficiency.

Privateer’s sustainable, scalable decision intelligence platform responds to that need by enabling speed, cost, and accuracy of information for civil, commercial, and defense applications.

About Privateer
Privateer is a leader in Earth intelligence and AI, integrating data from sea to space to deliver actionable insights. Leveraging advanced analytics, Privateer enables organizations to understand the present, anticipate the future, and make better decisions. From global security and supply chain resilience to infrastructure monitoring, Privateer transforms space-based data into strategic intelligence. Co-founded by Apple pioneer Steve Wozniak, the company is committed to making space a shared and sustainable resource for humanity.

Learn more: privateer.com

Contact
press@privateer.com

Xiao‑I Corporation Crosses into Profitability on Run‑Rate Basis; Pre‑Announces 2024 Revenue Up 19% and Guides to Full‑Year Profit in 2025

Margin expansion from Hua Zang LLM MaaS and AI hardware sets the stage for sustainable earnings growth

SHANGHAI, April 9, 2025 /PRNewswire/ — Xiao‑I Corporation (NASDAQ: AIXI), a global leader in artificial‑intelligence solutions, today pre‑announced selected, unaudited results for the year ended December 31, 2024.

Driven by accelerating adoption of its Hua Zang large language model (LLM) as a Model‑as‑a‑Service (MaaS) offering and rising sales of AI‑powered consumer hardware, Xiao‑I generated approximately US$70.3 million in revenue, up 19 % year‑over‑year. Strong margin expansion enabled the Company to achieve positive operating income in the fourth quarter of 2024, establishing a profitable run‑rate as it enters 2025. Management now guides to full‑year profitability in 2025.

Key Financial Highlights 

– Revenue: ~US$70.3 million in 2024, +19 % YoY.

– Gross Margin: Improved to 69 % (vs. 67 % in 2023) on higher‑margin MaaS mix and scale efficiencies.

– Net Loss: Narrowed to US$12.9 million, a 52 % improvement from 2023, reflecting disciplined cost control and revenue growth.

– Run‑Rate Profitability: Positive operating income achieved in Q4 2024 positions the Company for sustained profitability.

Management Commentary

“A year ago we set out to prove that our technology platform could scale profitably,” said a Company spokesperson. “By the fourth quarter of 2024 we crossed into operating profitability on a run‑rate basis, and the momentum in both Hua Zang MaaS deployments and AI hardware sales gives us confidence to guide for full‑year profitability in 2025. We will continue to focus on high‑margin, recurring revenue streams while prudently investing in innovation that deepens our competitive moat.”

Litigation Update – Additional Upside Potential

As previously disclosed, Xiao‑I has sued Apple Inc. for alleged patent infringement related to voice‑assistant technologies. All hearings concluded in 2024, and the parties are awaiting a ruling from the Shanghai High People’s Court. A favorable judgment could provide non‑operating upside to the Company’s 2025 financial results; however, no potential award is included in current guidance.

Disclaimer for the Projection and Guidance

The projection is based on current business progress and assumes no material non-cash impairments or similar losses. However, given the heightened macroeconomic volatility in 2025, including potential trade policy shifts and demand fluctuations, management may adjust expectations in response to operational realities. Investors should remain cognizant of these risks impacting profit realization timelines.

About Xiao-I Corporation

Xiao-I Corporation is a leading cognitive intelligence enterprise in China that offers a diverse range of business solutions and services in artificial intelligence, covering natural language processing, voice and image recognition, machine learning, and affective computing. Since its inception in 2001, the Company has developed an extensive portfolio of cognitive intelligence technologies that are highly suitable and have been applied to a wide variety of business cases. Xiao-I powers its cognitive intelligence products and services with its cutting-edge, proprietary AI technologies to enable and promote industrial digitization, intelligent upgrading, and transformation. For more information, please visit: www.xiaoi.com.

Forward-Looking Statements

This press release contains forward-looking statements as defined by the Private Securities Litigation Reform Act of 1995. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. When the Company uses words such as “may,” “will,” “intend,” “should,” “believe,” “expect,” “anticipate,” “project,” “estimate” or similar expressions that do not relate solely to historical matters, it is making forward-looking statements. Forward-looking statements are not guarantees of future performance and involve risks and uncertainties that may cause the actual results to differ materially from the Company’s expectations discussed in the forward-looking statements. These statements are subject to uncertainties and risks including, but not limited to, the following: the Company’s ability to achieve its goals and strategies, the Company’s future business development and plans for future business development, including its financial conditions and results of operations, product and service demand and acceptance, reputation and brand, the impact of competition and pricing, changes in technology, government regulations, fluctuations in general economic and business conditions in China, and assumptions underlying or related to any of the foregoing and other risks contained in reports filed by the Company with the U.S. Securities and Exchange Commission (“SEC”). For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. Additional factors are discussed in the Company’s filings with the SEC, including under the section entitled “Risk Factors” in its annual report on Form 20-F filed with the SEC on April 30, 2024, as well as its current reports on Form 6-K and other filings, all of which are available for review at www.sec.gov. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For investor and media inquiries, please contact:
Ms. Berry Xia
Email: ir@xiaoi.com

APHRANEL Global Launch Meeting, in Shanghai China

APHRANEL Global Launch Meeting: Code Breaker, World Maker

SHANGHAI, April 9, 2025 /PRNewswire/ — On May 8, 2025——The APHRANEL Global Launch Meeting will be grandly held at the Shanghai World Reception Hall, overlooking the Bund! We warmly welcome esteemed experts, partners, investors, and consumers worldwide to join this milestone event, celebrating “APHRANEL: Code Breaker, World Maker”.

Technological Breakthrough: Precision Innovation, Redefining Industry Standards

Leveraging proprietary technology, MOYOM Biotechnology has precisely controlled calcium hydroxylapatite (CaHA) microsphere size (30-35μm), through-hole structure, and degradation rate, successfully developing the Aphranel MagiCCrystal CaHA Filler.

Corporate Vision: Innovation-Driven Leadership for Sustainable Development

“We are committed to providing safer and more accessible products for the global medical aesthetics market through technological innovation, and promoting the sustainable development of the industry,” said the CEO of MOYOM Biotechnology.

About Aphranel

Aphranel® is a high-profile medical aesthetics brand under Shanghai MOYOM Biotechnology, dedicated to advancing global aesthetics technology through cutting-edge biomaterial innovation.

Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students

DUBAI, UAE, April 9, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, will be actively supporting the SuiHub-AUS program in launching the Blockathon 2025: AI for Decentralized Autonomy – a nationwide hackathon designed to empower students to lead the next wave of AI and blockchain innovation through Agent2Agent technologies. Additional ecosystem partners include Ghaf Capital.

Applications are now open to all full-time university students across the UAE, offering a unique opportunity to explore how AI-powered Agent2Agent transactions can enable seamless, autonomous interactions within decentralized systems and real-world environments.

Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students
Bybit supports the 2025 SuiHub-AUS Blockathon for UAE Students

The initiative features two expert-led workshops, technical mentoring, and culminates in a live pitch competition at Basecamp Dubai. Participants will gain hands-on experience in blockchain development, go-to-market strategies, and direct access to industry leaders and tools shaping the future of Web3.

Teams will compete to build creative, original solutions. All registered participants will attend a series of workshops, with top shortlisted teams advancing to deliver final pitches at Sui Basecamp.

Hackathon Schedule:

  • April 11, 2025: Workshop 1 – Introduction to the Move Language
  • April 16, 2025: Workshop 2 – Go-to-Market Strategy
  • April 17, 2025: Hackathon Kick-off
  • May 2, 2025: Final Demo Day (10:00 AM1:00 PM)

Participants will benefit from:

  • Internship opportunities at Bybit, SuiHub, and Ghaf Capital
  • Mentorship and technical support
  • Access to SuiHub blockchain tools and developer infrastructure
  • Exposure to VC and startup ecosystems in the UAE

“Bybit is proud to stand at the intersection of education, innovation, and real-world application,” said Michelle D, UAE Country Manager at Bybit. “We believe Blockathon 2025 is a powerful platform to empower young minds and accelerate the adoption of AI and blockchain across the UAE.”

“The 2025 Blockathon marks a pivotal step in preparing the next generation for the era of decentralized autonomy. In collaboration with SuiHub, and with Bybit and Ghaf Labs as ecosystem partners, AUS is proud to create a launchpad where students gain hands-on experience in AI and blockchain innovation that truly matters,” commented Dr. Imran Zualkernan, Professor and Head of Computer Science and Engineering at the AUS.

#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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About SuiHub

SuiHub is a premier blockchain innovation hub specializing in ecosystem development and offering both acceleration and youth programs. Powered by the SUI Network, SuiHub offers cutting-edge resources and expertise to enable startups and enterprises to harness the full potential of blockchain technology. With a global footprint and a deep commitment to fostering innovation, SuiHub bridges the gap between visionary ideas and real-world impact.

About AUS

American University of Sharjah was founded in 1997 by His Highness Sheikh Dr. Sultan Bin Muhammad Al Qasimi, Member of the Supreme Council of the United Arab Emirates and Ruler of Sharjah. Sheikh Sultan articulated his vision of a distinctive institution against the backdrop of Islamic history and in the context of the aspirations and needs of contemporary society in the UAE and the Gulf region.

Firmly grounded in principles of meritocracy and with a strong reputation for academic excellence, AUS has come to represent the very best in teaching and research, accredited internationally and recognized by employers the world over for creating graduates equipped with the knowledge, skills and drive to lead in the 21st century.

AUS values learners not driven only by academic success, but by those that embrace our dynamic campus life and embody our ideals of openness, tolerance and respect. This combination of academic excellence and community spirit ensures AUS is filled with world-class faculty and students, poised to become the innovators, thinkers, contributors and leaders of tomorrow.

For more information, please visit the website.
For media inquiries, please contact mediaoffice@aus.edu