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LITEON Assembles Global Team for 2025 MWC, Partners with 8 Industry Leaders and Unveils Innovative Energy-Efficient 5G ORAN, AI, and Smart Surveillance Solutions

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — LITEON Technology participates in the 2025 Mobile World Congress in Barcelona, Spain, for the third consecutive year. Under the theme “One Partner. All Solutions,” LITEON collaborates with eight international partners to showcase their energy-efficient 5G O-RAN, AI, and intelligent surveillance.

LITEON Technology participates in 2025 MWC, partnering with 8 industry leaders to unveil innovative solutions.
LITEON Technology participates in 2025 MWC, partnering with 8 industry leaders to unveil innovative solutions.

At 2025 MWC, LITEON showcases its diverse 5G ecosystem partnerships. Highlights in the 5G ORAN (Accelerate ORAN) segment include:

  • Collaboration with Vodafone on 5G O-RAN and AI image recognition for smart livestock farming.
  • Joint demonstration of high-speed ORAN with Software Radio Systems (SRS) portable, scalable srsRAN Enterprise solution.
  • 5G cloud intelligent software control solution with BubbleRAN.
  • Integrated O-RAN turnkey solutions with Aespula, Flectory, and Lanner.
  • Demonstration with Keysight Technologies on energy-efficient 5G ORAN products certified by ETSI and ORAN Security.

LITEON also showcases its 5G private network base station solutions (Simplify MPN) series in collaboration with several renowned companies, including:

  • Collaboration with NTT EAST on an all-in-one 5G small cell and SMO platform, integrating the RAN Intelligent Controller (RIC) to optimize real-time small cell operations, reducing power consumption by approximately 65%.
  • Joint demonstration with CampusGenius on 5G remote automation for supply chains, significantly enhancing logistics efficiency.
  • Three-way collaboration with Yonsei University and Yberg on 5G smart factory applications, leveraging 5G’s high-speed, low-latency advantages to improve smart factory robotic arms and AI applications, exemplifying Industry 4.0 combined with 5G.

For the first time at MWC, LITEON presents its Smart Life AIoT solutions, featuring AI facial recognition, intelligent access control systems, and the AI Vision intelligent surveillance system for real-time detection feedback.

Anson Chiu, President of LITEON, states, “This year marks LITEON’s 50th anniversary. We are committed to technology development and sustainability. LITEON integrates networking, 5G, intelligent surveillance, and AI to provide advanced IoT products, helping global enterprises achieve high-performance and energy-saving applications.”

Richard Chiang, General Manager of Smart Life Application SBU, adds, “LITEON showcases 5G O-RAN hardware and software integration results, meeting diverse customer needs from enterprise to home use. We aim to build new heights of 5G with global partners, sharing a win-win situation.”

LITEON continues to invest in network infrastructure and hardware-software integration, striving to provide secure, energy-efficient and high-efficiency 5G solutions. We aim to strengthen network communication technologies, actively supporting the critical needs of customers.

MDJM Announces the Launch of Its E-Commerce Platform

LETHAM, Scotland, March 4, 2025 /PRNewswire/ — MDJM LTD (Nasdaq: UOKA) (the “Company” or “MDJM”), an integrated global culture-driven asset management company, today announced the launch of its e-commerce platform, managed by MD Local Global Limited, a wholly owned subsidiary of MDJM LTD in the United Kingdom, now live at www.uokaus.com. Designed to integrate commerce with cultural heritage, the platform features handcrafted products that reflect craftsmanship, artistic traditions, and ethical values. This initiative aligns with MDJM’s broader efforts to expand its commercial presence, highlight historical significance, and support cultural appreciation and craftsmanship-based retail.

The platform is structured as more than a marketplace, aiming to provide products that carry historical and cultural significance beyond material function. Each item is selected for its artistic authenticity, craftsmanship, and cultural depth, offering consumers an opportunity to own pieces that reflect heritage and traditional values.

MDJM intends to collaborate with artisans, designers, and craftsmen from around the world whose work aligns with its commitment to preserving traditional craftsmanship and promoting ethical business principles. The Company anticipates developing a diverse collection that represents various artistic traditions through such collaborations.

The newly launched platform serves a global audience and is designed to offer quality lifestyle products that embody the Company’s values. Through carefully curated selections, the Company seeks to share these principles worldwide through the platform, providing consumers with products that celebrate tradition, cultural heritage, and craftsmanship, offering consumers access to goods consistent with this vision. The Company believes that thoughtful consumer choices contribute to preserving these values, supporting artisans, and fostering a marketplace that upholds its cultural heritage.

“The launch of this platform is expected to contribute to MDJM’s long-term strategy by expanding its footprint in cultural commerce,” said Mr. Siping Xu, Chairman and Chief Executive Officer of MDJM. “Through this platform, we aim to bridge tradition and innovation by curating a marketplace that upholds artistic integrity and thoughtful design aligned with our long-term vision.”

About MDJM LTD

MDJM LTD is a global culture-driven asset management company focused on transforming historical properties into cultural hubs that integrate modern digital technology with rich historical value. The Company has been expanding its operations in the UK, where it is developing projects such as Fernie Castle in Scotland and the Robin Hill Property in England. These properties are being remodeled into multi-functional cultural venues that will feature fine dining, hospitality services, art exhibitions, and cultural exchange events. As part of its broader strategy, MDJM seeks to position itself as a hub for artisan exchanges, art shows, and sales, leveraging its historical properties as platforms for promoting Eastern and Western cultural exchanges. This initiative reflects the Company’s commitment to furthering its global market expansion and enhancing its cultural business footprint. For more information regarding the Company, please visit https://www.ir-uoka.com/.

Forward-Looking Statements

This announcement contains forward-looking statements. All statements other than statements of historical fact in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on current expectations and projections about future events and financial trends that the Company believes may affect its financial condition, results of operations, business strategy, and financial needs. Investors can identify these forward-looking statements by words or phrases such as “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “intend,” “plan,” “believe,” “potential,” “continue,” “is/are likely to” or other similar expressions. The Company undertakes no obligation to update forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s annual report on Form 20-F and its other filings with the U.S. Securities and Exchange Commission.

Investor Contact:

Sherry Zheng
WAVECREST GROUP INC.
Phone: +1 718-213-7386

MWC Barcelona 2025: Huawei Unveils Global Showcases Alongside Customers and Launches 10 Industry Solutions with Partners

– Vision to Action: Accelerating Industrial Intelligence

BARCELONA, Spain, March 4, 2025 /PRNewswire/ — During MWC Barcelona 2025, Huawei held the Industrial Digital and Intelligent Transformation Summit 2025, bringing together global customers and partners to explore innovative industrial digital and intelligent transformation practices. Together with its industry customers, Huawei unveiled 83 global showcases for industrial digital & intelligent transformation for 71 key scenarios. In addition, Huawei and its partners jointly launched 10 major solutions to accelerate intelligent transformation across various industries such as public sectors, education, finance, electric power, transportation, oil and gas, chemicals, and retail.

Huawei proposed four key pathways to accelerate industrial intelligence

Huawei believes that global industries are rapidly advancing towards intelligence and are poised to be among the greatest beneficiaries of the AI era. In his keynote speech, Leo Chen, Huawei’s Corporate Senior Vice President and the President of Enterprise Sales, highlighted the four key pathways that are essential to accelerating intelligent transformation across industries. He stated, “Firstly, we must deeply integrate technologies into industry scenarios and build a target ICT architecture for industrial intelligent transformation based on industry requirements, pain points, and development stages. Secondly, we need to build advanced, AI-oriented ICT infrastructure to support the exponential growth of AI workloads. Thirdly, we must develop high-performance AI products that seamlessly integrate with open-source models, enhance AI development toolchains, and collaborate with industry partners, enabling AI to shift from technical showmanship to broad, inclusive accessibility, accelerating transformation in industries like healthcare and education. And fourthly, we must train ICT talent in a more targeted manner.”

Leo Chen, Corporate Senior Vice President, President of Enterprise Sales, Huawei
Leo Chen, Corporate Senior Vice President, President of Enterprise Sales, Huawei

The Lighthouse that guides industries forward: Huawei launched 83 global showcases and 10 major solutions for industrial intelligence

Huawei takes action to demonstrate its commitment to offering customers first-hand experience. In collaboration with global customers across various industries, Huawei unveiled 83 global showcases, spanning 71 key scenarios of industrial digital and intelligent transformation. These showcases are open to customers worldwide, providing a valuable reference for their transformation journey.

Moreover, Huawei continuously deepens its collaboration with partners across industries and jointly innovates with them. At the summit, Huawei launched 10 major solutions jointly developed with its partners to expedite industrial intelligence: the Inclusive Connectivity – Digital Village Solution, Public Services Digitalization Solution, Digital Training Solution, Financial Data Center Resilience Solution, Intelligent Distribution Solution 2.0, Smart Railway Yard & Station Solution, Intelligent Multi-level Port Operation Management Solution, Intelligent Central Processing Facilities Solution, Intelligent Chemical Solution, and Smart Retail Solution 2.0.

To better empower inclusive AI adoption in every industry, Huawei launched AI inference appliances which support over 50 mainstream large models. By deploying these AI appliances, industry customers can access and deploy AI applications more easily and advance towards a more intelligent future.

To cultivate ICT talent who integrates industry scenarios and technologies, Huawei also launched the Industry Elites in the ICT Classroom Program for enterprise customers; and the Leading ICT Talent Cultivation Program for universities.

In collaboration with global customers across various industries, Huawei unveiled 83 global showcases
In collaboration with global customers across various industries, Huawei unveiled 83 global showcases

Global customers and partners share innovative practices

Ciyong Zou, Deputy to the Director General and the Managing Director of the Directorate of Technical Cooperation and Sustainable Industrial Development, UNIDO, delivered the opening remarks at the event, stating that “UNIDO-Huawei collaboration is a testament to the power of multi-stakeholder cooperation. Huawei has been instrumental in the AIM Global, playing a key role in accelerating the sustainable adoption of cutting-edge technologies. These partnerships reinforce our shared belief that technology must serve humanity—not the other way around. As we look ahead, three principles must guide us: equity, sustainability, and collaboration. Equity ensures that digital transformation benefits all, sustainability ensures that technology contributes to a greener future, and collaboration ensures that no country, industry, or entrepreneur is left behind.”

Mahmoud Bin Ahmed, CCO, Integrated Dawiyat, pointed out that “As a subsidiary of the SEC, Dawiyat is a fully integrated digital infrastructure provider, we take fibers as strategic assets to support SEC for highly reliable digital power services and Saudi Arabia 10Gbps society strategy. One fiber for multi services can empower more than power, we commit to provide smart grid communication with premium user experience and leverage our world-leading neutral infrastructure for digital economy growth in Saudi Arabia.”

Gil Brasileiro Fernandes, ICT Services Manager, Petrobras, pointed out that “For Petrobras, digital innovation is not just a choice, but the path to a more efficient, safer, and sustainable future. Petrobras believes that we can only achieve digitalization by investing in robust and scalable infrastructure to support digital operations; prioritizing solutions that enhance efficiency and safety in operations; using intelligent devices to promote mobility and collaboration and transforming connectivity into a competitive advantage.”

Miguel López-Valverde, Minister for Digitalization of the Community of Madrid, Spain, said that: “To address the digital transformation process, Comunidad de Madrid, through the Digitalization Strategy 2023-2026, has reformulated its vision, mission and values, with a clear orientation towards citizens and businesses, making them the true protagonists. Comunidad de Madrid will be the leading digitalization region in Europe.”

Guillaume Portier, EVP, VusionGroup, said: ” At VusionGroup, we aim to help build a more sustainable future by digitizing physical stores, as they play a pivotal role in this respect. By partnering with Huawei, we design innovations that serve this purpose, driving a greater impact for business and society. “

Pioneering the in-depth integration of digital and intelligent technologies and industry scenarios

The 1200 m2 Huawei Enterprise Business exhibition area features three themes: Accelerating Industrial Intelligence, Innovative ICT Infrastructure, and Partner Collaboration for Mutual Success. The exhibition highlights the deep integration of digital and intelligent technologies with industries, and the joint innovations and practices by Huawei, as well as its global partners and customers.

Additionally, Huawei held a special event for its partners in the commercial market and distribution business, showcasing solutions for common scenarios, AI appliances, tools and digital platforms that support easy maintenance and service delivery, as well as a simulated HUAWEI eKit store. This allowed commercial partners and engineers an exclusive and immersive experience through interactive and in-depth exchanges.

MWC Barcelona 2025 is held at Fira Gran Via in Barcelona, Spain from March 3 to March 6. During the event, Huawei Enterprise Business exhibits under the theme of Accelerating Industrial Intelligence, with its booth at Stand 1H50 in Hall 1. For more details, please visit https://e.huawei.com/eu/events/branding/mwc.

TECHTRONIC INDUSTRIES DELIVERS OUTSTANDING FINANCIAL RESULTS IN 2024

GROWING SALES TO US$14.6 billion, FREE CASH FLOW INCREASED TO US$1.6 billion

HONG KONG, March 4, 2025 /PRNewswire/ — Global cordless power tool, outdoor power equipment and floorcare & cleaning company Techtronic Industries Co. Ltd. (“TTI” or the “Group”) (stock code: HK:0669, ADR symbol: TTNDY) is pleased to announce the audited consolidated results of the Company and its subsidiaries for the year ended December 31, 2024. TTI delivered record sales of US$14.6 billion in 2024, growing 6.8% in local currency and 6.5% at reported rates. MILWAUKEE continued to extend its dominant market leadership position with sales growth of 11.6% in local currency and RYOBI also delivered tremendous results, growing 6.4% in local currency.

  • TTI delivered outstanding financial results in 2024, growing sales 6.8% in local currency to US$14.6 billion and generating record Free Cash Flow of US$1.6 billion.
  • In local currency, our Flagship MILWAUKEE business grew 11.6% and RYOBI grew 6.4%.
  • TTI finished 2024 with total net debt of US$44 million and gearing of 0.7%.

Financial Performance Highlights for 2024

2024*

US$’

million

2023

US$’

million

Changes

Revenue

14,622

13,731

+6.5 %

Gross profit margin

40.3 %

39.5 %

+85 bps

EBIT

1,270

1,135

+11.9 %

Profit attributable to Owners of the Company

1,122

976

+14.9 %

Basic earnings per share (US cents)

61.43

53.36

+15.1 %

Free Cash Flow

1,591

1,281

+310 m

Dividend per share (approx. US cents)

29.09

24.84

+ 17.1 %

*For the year ended December 31, 2024

 

Gross margin improved 85 bps to 40.3% in 2024. This improvement is the result of a higher mix of MILWAUKEE branded business, aftermarket battery sales, and highly innovative margin accretive new products across our core verticals. EBIT grew 11.9% to US$1,270 million. Net profit improved 14.9% to US$1,122 million, reflecting a 31.9% reduction in net interest expenses from 2023. Earnings per share also improved 15.1% to US61.43 cents. TTI improved working capital 322 bps in 2024 to 14.4%. Based on its rigorous working capital controls and processes, the Group will be targeting a working capital range between 14% to 16% as a percentage of sales in the future.   

TTI delivered record sales of US$14.6 billion in 2024, growing 6.8% in local currency and 6.5% at reported rates. Our Flagship MILWAUKEE business continued to extend its dominant market leadership position with sales growth of 11.6% in local currency. RYOBI, the #1 consumer battery-powered tool and outdoor brand globally, also delivered tremendous results, growing 6.4% in local currency. The remaining businesses decreased sales by 14% compared to 2023 as we focused on plans to increase profitability in these areas.

The Board is recommending a final dividend of HK118.00 cents (approximately US15.19 cents) per share. Together, with the interim dividend of HK108.00 cents (approximately US13.90 cents) per share, this will result in a full-year dividend of HK226.00 cents (approximately US29.09 cents) per share.

Mr. Horst Pudwill, Chairman of TTI, said, “We are extremely proud of our financial performance in 2024, which would not have been possible without the efforts of our outstanding global team. With gearing of 0.7% at year end 2024, our balance sheet is extremely healthy. In 2025, we will continue our mission of cordless domination, bringing disruptive technology and innovative design to the market, while delivering outstanding financial results.”

Mr. Steven P. Richman, CEO of TTI, commented, “Our exceptional world-class team and culture is the reason for these tremendous financial results. Our talented people across the globe have worked together as one team, with incredible dedication to continue to grow TTI’s financial results, partner with our outstanding customers, and develop our powerful brands. We look forward to our continued success in 2025 and beyond.”

Forward-Looking Statements
This announcement contains certain forward-looking statements or uses certain forward-looking terminologies which are based on the current expectations, estimates, projections, beliefs and assumptions of TTI about the businesses and the markets in which the Group operates and reflect TTI’s views as of the date of this announcement. These forward-looking statements are not guarantees of future performance and are subject to market risk, uncertainties and factors beyond the control of TTI. Therefore, actual outcomes and returns may differ materially from the assumptions made and the statements contained in this announcement.

About TTI 
Techtronic Industries Company Limited (“TTI” or the “Company”), founded in 1985 by German entrepreneur Horst Julius Pudwill, is a world leader in cordless technology. As a pioneer in Power Tools, Outdoor Power Equipment, Floorcare and Cleaning Products, TTI serves professional, industrial, Do It Yourself (DIY), and consumer markets worldwide. With more than 45,000 employees globally, the company’s relentless focus on innovation and strategic growth has established its leading position in the industries it serves.

MILWAUKEE is at the forefront of TTI’s professional tool portfolio. With global research and development headquartered in Brookfield, Wisconsin, the historic MILWAUKEE brand is renowned for driving innovation, safety, and jobsite productivity worldwide. The RYOBI brand, headquartered in Greenville, South Carolina, remains the top choice for DIYers and continues to set the standard in DIY tool innovation. TTI’s diverse brand portfolio also includes trusted brands like AEG, EMPIRE, HOMELITE, and leading floorcare names HOOVER, ORECK, VAX, and DIRT DEVIL (based in Charlotte, North Carolina).

TTI’s international recognition and renowned brand portfolio are supported by a strong ownership structure that underscores the company’s global reach and stability. The Pudwill family remains the company’s largest shareholder, with the remaining ownership held largely by institutional investors at North American and European-owned firms. TTI is publicly traded on the Hong Kong Stock Exchange and is a constituent stock of the Hang Seng Index, operating globally with a strong commitment to environmental, social, and corporate governance standards. For more information, visit www.ttigroup.com.

All trademarks listed other than AEG and RYOBI are owned by the Group. AEG is a registered trademark of AB Electrolux (publ.) and is used under license. RYOBI is a registered trademark of Ryobi Limited and is used under license.

IRCAI and AWS Expand the Compute for Climate Fellowship Program and Opens Applications for 2025

The program funds proof of concepts for new ideas leveraging advanced cloud computing, including generative AI, to solve some of the biggest challenges in the fight against climate change

LJUBLJANA, Slovenia, March 4, 2025 /PRNewswire/ — The International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, and Amazon Web Services, Inc. (AWS) today announced that applications are now open for the 2025 Compute for Climate Fellowship, a global program that fully funds research and development (R&D) projects from startups using advanced cloud computing and artificial intelligence (AI) to develop new solutions designed to help fight climate change. This year, the program is expanding to select 20 startups from around the world to get their proof-of-concepts built for free—up from eight in 2024 and four in 2023—with mentorship of AWS and IRCAI’s experts. 

IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025
IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025

“It wasn’t simple, but we managed to supercharge the startups with both resources and knowledge, and now we are taking it even further,” said Davor Orlic, Chief Operating Officer of IRCAI. “By expanding the Compute for Climate Fellowship, we are not only increasing the number of selected startups but also broadening the scope of climate solutions they can tackle, and the applicability of AI in the climate space. Innovation happens when bold ideas meet the right support, and we are committed to providing that foundation to drive real environmental impact.”

“With the effects of the climate crisis intensifying, it is imperative that we support the development of a broad set of approaches to bring new climate solutions to life—that’s why we are expanding the scope of the Compute for Climate Fellowship to accept a larger number of startups,” said Lisbeth Kaufman, Head of Climate Tech Startups Business Development at AWS. “From fusion energy, to smarter grids, to generative AI models to discover climate resilient plants, and deep-sea drones to map the ocean, we’ve seen how advanced cloud computing and AI can unlock new possibilities for a more sustainable future. We are doubling down in 2025, and providing more visionary founders the resources and mentorship they need to turn bold ideas into lasting impact.”

Applications for the 2025 Compute for Climate Fellowship will be open starting today until April 6, 2025. Climate tech startups, entrepreneurs, and researchers from around the world are welcome to submit ideas that leverage advanced computing technologies to address climate change mitigation or adaptation. In addition to the eight focus areas the fellowship has covered in the past—clean energy, low carbon transportation, sustainable agriculture and food, circular economy (industry and manufacturing), sustainable buildings, greenhouse gas management, carbon removal, and environment and climate risk (water, pollution, and biodiversity)—this year, the program is also expanding the scope of proposals to cover a new key area: Indigenous solutions to the climate crisis. 

Indigenous communities are disproportionately affected by climate change. At the same time, they often have holistic understanding of ecosystems and ancestral knowledge of harmonious practices of coexistence with nature and biodiversity, which makes the uniquely positioned to create innovative solutions to climate issues. The fellowship recognizes indigenous people as leaders in addressing the climate crisis and will support innovators in these communities in its 2025 cohort. 

Startups selected to participate in the Compute for Climate Fellowship, will receive funding, technical resources, mentorship, and access to both AWS technologies and IRCAI’s research capabilities in order to build their proof of concepts (POCs). This time, AWS will offer up to $4 million in AWS credits to support the build of selected POCs through the Compute for Climate Fellowship. The selection process will prioritize projects that can be completed in 2–3 months, think big, and offer potential for significant environmental benefits, scalability and alignment with the United Nations Sustainable Development Goals.

Lasting Impact Around the Globe

Among the 12 tech-forward startups that have participated in the Compute for Climate Fellowship since its launch in 2023 is RealtaFusion, startups incubated at the University of Wisconsin-Madison, which has built a fusion energy device that achieved a world record-breaking plasma generation last year—an incredible milestone in harnessing nuclear fusion as a new source of clean energy. “The Compute for Climate Fellowship has helped us accelerate the development of a first-of-its-kind plasma stability simulation, which had never been done in the cloud before the program,” said Kieran Furlong, CEO and Co-founder of Realta Fusion. “Only a handful of supercomputers in the world are able to handle these simulations, and the ones available to us had a long waitlist. The fellowship significantly accelerated our research and development.”

Based out of France, the startup Cosma is using underwater micro-drones and AI to deliver scalable, cost-effective environmental surveys for sustainable ocean management, providing high-resolution data for offshore energy and environmental consulting projects. “In addition to interacting with talented AI innovators from across the globe, the Compute for Climate Fellowship provided us with the cloud resources and expertise we needed to develop our first Rare Benthic Species detection algorithm. This proved a game changer in marine biology as it opened the door to quantitative inventory and repeatable monitoring of seabed biocenosis”, said Frédéric Mittaine, CEO and Counder of Cosma.

Startups that apply but are not selected to join the program will have access to up to $5,000 in AWS credits through the AWS Activate program, as well as free workshops and training on how to use AWS advanced computing services to build their solutions. They will also be invited to join the IRCAI Industrial Club.

Applications can be submitted here.

DXC and ServiceNow to Drive AI-powered Innovation for the Insurance Industry

 ServiceNow and DXC expand their strategic partnership to combine DXC’s industry-leading software and expertise with ServiceNow’s AI-enabled platform

ASHBURN, Va. and SANTA CLARA, Calif., March 4, 2025 /PRNewswire/ — DXC Technology (NYSE: DXC), a leading Fortune 500 global technology services provider, today announced new offerings with ServiceNow (NYSE: NOW), the AI platform for business transformation, to modernize the insurance industry. As an Elite partner, DXC is combining its industry-leading solutions and ServiceNow’s AI capabilities and workflows to introduce DXC Assure BPM (Business Process Management) powered by ServiceNow.

DXC Technology Company and ServiceNow
DXC Technology Company and ServiceNow

Today’s insurers are pressured to accelerate growth and innovation, streamline operations, and provide faster, more reliable services to policyholders, but are often constrained by processes and workflows that are complex and highly manual. According to HFS Research, 45% of insurers are already investing in technology-driven alignment of their front, middle, and back offices.

DXC and ServiceNow are uniquely positioned to help insurers drive innovation for greater operational efficiency.  Combining DXC’s insurance expertise and scale with ServiceNow’s single platform and data model, DXC Assure BPM powered by ServiceNow integrates AI, data and workflows to reduce process debt, enhance operational efficiency, and improve customer satisfaction. The solution applies across the entire policy lifecycle and is expected to help reduce up to 40% of operational costs typically spent on manual processing.

“We are committed to delivering exceptional value to our customers and accelerating business outcomes. Our expanded partnership with ServiceNow will combine our deep insurance expertise with ServiceNow’s advanced AI workflow technology to drive speed, agility and operational transformation for insurers,” said Ray August, President of Insurance Software and Business Process Services at DXC. “Together, we are shaping the future of the insurance industry.”

“Unifying ServiceNow’s AI and workflows with DXC’s deep insurance industry insight has the power to change insurance processes in ways never possible before,” said Erica Volini, executive vice president, worldwide industries, partners, and go-to-market at ServiceNow. “Together we’re helping accelerate transformation across carriers – bringing greater agility and speed to each and every process.”

Available today, Assure BPM powered by ServiceNow is an end-to-end insurance solution designed to support the full policy lifecycle, including policy administration, billing and payment, new business and underwriting, and claims management.  Key highlights include:  

  • Purpose-built, preconfigured workflows based on DXC’s 40+ years of insurance experience and ServiceNow’s AI and workflow technology. 
  • Fully integrated with DXC Assure Platform for advanced security, seamless integrations to many DXC insurance applications and enhanced data hub.
  • AI-driven, self-service portal for policyholders that delivers a personalized customer experience with faster, more accurate responses to questions. 
  • Enhanced AI capabilities to automate back-office policy administration and free up resources to focus on innovation and customer service.

For more information on the DXC Assure BPM powered by ServiceNow, visit www.dxc.com/lifeandwealth  

Forward Looking Statements

All statements in this press release that do not directly and exclusively relate to historical facts constitute “forward-looking statements.” These statements represent current expectations and beliefs, and no assurance can be given that any result, goal or plan set forth in any forward-looking statement can or will be achieved. Such statements are subject to numerous assumptions, risks, uncertainties and other factors that could cause actual results to differ materially from those described in such statements, many of which are outside of our control. For a written description of these factors, see the section titled “Risk Factors” in DXC’s Annual Report on Form 10-K for the fiscal year ended March 31, 2024, and any updating information in subsequent SEC filings. Readers are cautioned not to place undue reliance on such statements which speak only as of the date they are made. We do not undertake any obligation to update or release any revisions to any forward-looking statement or to report any events or circumstances after the date of this document or to reflect the occurrence of unanticipated events, except as required by law.

About DXC Technology

DXC Technology (NYSE: DXC) helps global companies run their mission-critical systems and operations while modernizing IT, optimizing data architectures, and ensuring security and scalability across public, private and hybrid clouds. The world’s largest companies and public sector organizations trust DXC to deploy services to drive new levels of performance, competitiveness, and customer experience across their IT estates. Learn more about how we deliver excellence for our customers and colleagues at DXC.com.

About ServiceNow
ServiceNow (NYSE: NOW) is putting AI to work for people. We move with the pace of innovation to help customers transform organizations across every industry while upholding a trustworthy, human centered approach to deploying our products and services at scale. Our AI platform for business transformation connects people, processes, data, and devices to increase productivity and maximize business outcomes. For more information, visit: www.servicenow.com.

Media Contacts: DXC Technology: Ashley Houk, Media Relations, Ashley.houktemple@dxc.com; Roger Sachs, Investor Relations, Roger.sachs@dxc.com; ServiceNow: Caroline Parkinson, Press@servicenow.com 

Ascenda Appoints Industry Trailblazer Jan Wilken as Chief Product Officer

Former JPMorgan Chase and American Express executive brings over two decades of product and commercial leadership to loyalty-as-a-service company

NEW YORK, March 4, 2025 /PRNewswire/ — Ascenda, the industry leader in loyalty-as-a-service, today announced the appointment of Jan Wilken as Chief Product Officer. In this role, Wilken will lead the company’s loyalty ecosystem strategy to expand its customer engagement solutions and rewards propositions to drive growth for financial institutions and merchants worldwide.

“Jan brings to Ascenda a powerful combination of industry expertise, strategic vision and an unparalleled track record of building highly successful loyalty and customer engagement propositions. Through Jan’s leadership, we will accelerate our ability to deliver the best-in-market customer engagement solutions that maximize loyalty ROI for our clients and partners.” said Kyle Armstrong, CEO of Ascenda.

Prior to joining Ascenda, Wilken was a Managing Director at JPMorgan Chase, including roles as Head of Card Strategy and Product Owner for the Credit Journey and MyHome programs. He also held leadership positions at American Express across loyalty and co-brand partnerships, where he launched the first loyalty coalition in the U.S.

“Across the loyalty ecosystem, pressures are mounting from consumers and stakeholders alike for greater relevance, personalization and proven ROI. At Ascenda, we’re in a unique position to tap into this moment and redefine how financial institutions and merchants engage with their customers because of our holistic approach to driving results with innovative loyalty solutions,” said Wilken. “Our modern technology stack and exciting rewards content – which is being leveraged by some of the largest financial brands in the world – is designed to deliver delightful customer experiences that drive greater customer acquisition, share of wallet, and retention.”

About Ascenda
Ascenda delivers loyalty as a service for financial institutions and merchants globally, unlocking superior ROI across customer acquisition, engagement, and retention. With over a decade of proven results, an unrivaled roster of top-tier global clients, and enterprise-grade technology, Ascenda is trusted by leading brands to deliver growth outcomes, eliminate complexity, and create extraordinary customer experiences.

IRCAI and AWS Expand the Compute for Climate Fellowship Program and Opens Applications for 2025

The program funds proof of concepts for new ideas leveraging advanced cloud computing, including generative AI, to solve some of the biggest challenges in the fight against climate change

LJUBLJANA, Slovenia, March 4, 2025 /PRNewswire/ — The International Research Centre on Artificial Intelligence (IRCAI), an organization under the auspices of UNESCO, and Amazon Web Services, Inc. (AWS) today announced that applications are now open for the 2025 Compute for Climate Fellowship, a global program that fully funds research and development (R&D) projects from startups using advanced cloud computing and artificial intelligence (AI) to develop new solutions designed to help fight climate change. This year, the program is expanding to select 20 startups from around the world to get their proof-of-concepts built for free—up from eight in 2024 and four in 2023—with mentorship of AWS and IRCAI’s experts. 

IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025
IRCAI and AWS Compute for Climate Fellowship Opens Applications for 2025

“It wasn’t simple, but we managed to supercharge the startups with both resources and knowledge, and now we are taking it even further,” said Davor Orlic, Chief Operating Officer of IRCAI. “By expanding the Compute for Climate Fellowship, we are not only increasing the number of selected startups but also broadening the scope of climate solutions they can tackle, and the applicability of AI in the climate space. Innovation happens when bold ideas meet the right support, and we are committed to providing that foundation to drive real environmental impact.”

“With the effects of the climate crisis intensifying, it is imperative that we support the development of a broad set of approaches to bring new climate solutions to life—that’s why we are expanding the scope of the Compute for Climate Fellowship to accept a larger number of startups,” said Lisbeth Kaufman, Head of Climate Tech Startups Business Development at AWS. “From fusion energy, to smarter grids, to generative AI models to discover climate resilient plants, and deep-sea drones to map the ocean, we’ve seen how advanced cloud computing and AI can unlock new possibilities for a more sustainable future. We are doubling down in 2025, and providing more visionary founders the resources and mentorship they need to turn bold ideas into lasting impact.”

Applications for the 2025 Compute for Climate Fellowship will be open starting today until April 6, 2025. Climate tech startups, entrepreneurs, and researchers from around the world are welcome to submit ideas that leverage advanced computing technologies to address climate change mitigation or adaptation. In addition to the eight focus areas the fellowship has covered in the past—clean energy, low carbon transportation, sustainable agriculture and food, circular economy (industry and manufacturing), sustainable buildings, greenhouse gas management, carbon removal, and environment and climate risk (water, pollution, and biodiversity)—this year, the program is also expanding the scope of proposals to cover a new key area: Indigenous solutions to the climate crisis. 

Indigenous communities are disproportionately affected by climate change. At the same time, they often have holistic understanding of ecosystems and ancestral knowledge of harmonious practices of coexistence with nature and biodiversity, which makes the uniquely positioned to create innovative solutions to climate issues. The fellowship recognizes indigenous people as leaders in addressing the climate crisis and will support innovators in these communities in its 2025 cohort. 

Startups selected to participate in the Compute for Climate Fellowship, will receive funding, technical resources, mentorship, and access to both AWS technologies and IRCAI’s research capabilities in order to build their proof of concepts (POCs). This time, AWS will offer up to $4 million in AWS credits to support the build of selected POCs through the Compute for Climate Fellowship. The selection process will prioritize projects that can be completed in 2–3 months, think big, and offer potential for significant environmental benefits, scalability and alignment with the United Nations Sustainable Development Goals.

Lasting Impact Around the Globe

Among the 12 tech-forward startups that have participated in the Compute for Climate Fellowship since its launch in 2023 is RealtaFusion, startups incubated at the University of Wisconsin-Madison, which has built a fusion energy device that achieved a world record-breaking plasma generation last year—an incredible milestone in harnessing nuclear fusion as a new source of clean energy. “The Compute for Climate Fellowship has helped us accelerate the development of a first-of-its-kind plasma stability simulation, which had never been done in the cloud before the program,” said Kieran Furlong, CEO and Co-founder of Realta Fusion. “Only a handful of supercomputers in the world are able to handle these simulations, and the ones available to us had a long waitlist. The fellowship significantly accelerated our research and development.”

Based out of France, the startup Cosma is using underwater micro-drones and AI to deliver scalable, cost-effective environmental surveys for sustainable ocean management, providing high-resolution data for offshore energy and environmental consulting projects. “In addition to interacting with talented AI innovators from across the globe, the Compute for Climate Fellowship provided us with the cloud resources and expertise we needed to develop our first Rare Benthic Species detection algorithm. This proved a game changer in marine biology as it opened the door to quantitative inventory and repeatable monitoring of seabed biocenosis”, said Frédéric Mittaine, CEO and Counder of Cosma.

Startups that apply but are not selected to join the program will have access to up to $5,000 in AWS credits through the AWS Activate program, as well as free workshops and training on how to use AWS advanced computing services to build their solutions. They will also be invited to join the IRCAI Industrial Club.

Applications can be submitted here.

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