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WiMi Develops Holographic Quantum Algorithm Technology for Efficient Simulation of Related Spin Systems

BEIJING, Feb. 20, 2025 /PRNewswire/ — WiMi Hologram Cloud Inc. (NASDAQ: WiMi) (“WiMi” or the “Company”), a leading global Hologram Augmented Reality (“AR”) Technology provider, today announced the development of an innovative “holographic” quantum algorithm for simulating highly correlated spin systems. This technology enables efficient ground state preparation and dynamic evolution, while significantly reducing the demand for quantum bit resources.

The ground state and dynamic evolution of spin systems are core areas of research in quantum physics and material science. However, simulating highly entangled quantum states often requires a large number of quantum bit resources. In particular, for two-dimensional and three-dimensional systems, traditional quantum simulation methods demand an exponentially growing number of quantum bits, posing a significant challenge to existing quantum computing hardware. How to effectively simulate these complex systems under the constraint of a limited number of quantum bits has become a pressing problem in the field of quantum computing.

The holographic quantum algorithm developed by WiMi is based on the equivalence between matrix product states (MPS) and quantum channels. Through partial measurements and quantum bit reuse techniques, it significantly reduces the number of quantum bits required. This algorithm incorporates the following key innovations:

Quantum Bit Reuse Strategy: By utilizing the compact representation of matrix product states (MPS), the D-dimensional spin system is mapped to a quantum computing architecture that only requires a subset of (D-1) quantum bits and an auxiliary quantum bit register. This approach ensures that the number of quantum bits required grows logarithmically with the increase in the entanglement of the simulated state, rather than growing non-linearly or exponentially.

Holographic Variational Quantum Eigensolver (holoVQE): The holographic variational method directly prepares the system’s ground state from the known MPS representation or uses holoVQE to optimize the ground state energy. This method combines the advantages of quantum computing and classical optimization, enabling precise determination of the ground state energy for infinite-chain systems.

Efficient Time Evolution Implementation: By introducing additional overhead in the quantum channel, the algorithm can simulate the MPS dynamics under the action of a local Hamiltonian within time t. This mechanism provides a powerful tool for studying thermalization dynamics with rapid entanglement growth.

Resource Efficiency and Hardware Implementation: When implemented on actual hardware, the holographic quantum algorithm requires only a minimal number of quantum bits to simulate complex systems with exponentially large bond dimensions. Specifically, on ion-trap quantum computers, WiMi successfully simulated the antiferromagnetic Heisenberg chain and achieved precise calculation of the infinite-chain ground state energy using only two pairs of quantum bits.

WiMi’s technology leverages the equivalence between matrix product states (MPS) and quantum channels. MPS is a classical method for compactly representing highly entangled quantum states by decomposing a global quantum state into a series of low-rank tensor products. The holographic quantum algorithm utilizes this feature by decomposing the simulation target into a series of local operations, making the required number of quantum bits proportional to the logarithm of the entanglement entropy.

Among these, partial measurements and quantum bit reuse involve performing partial measurements on subsystems and reusing the measured quantum bits. This approach significantly conserves quantum resources while maintaining the system’s entanglement structure. The specific operations include: applying local Hamiltonian operations to the target spin system; measuring a subset of quantum bits and recording the measurement results; updating the quantum state of the remaining system based on the measurement results and recycling the released quantum bits.

The core of the Holographic Variational Quantum Eigensolver (holoVQE) algorithm is to transform the ground state energy problem into a variational optimization problem. The specific steps include: initializing the quantum state as a random matrix product state; applying a parameterized quantum circuit and using a classical optimizer to update the parameters; and iteratively minimizing the expected energy value to eventually approach the ground state energy.

By decomposing the evolution operations in the quantum channel, the time evolution operation is implemented as a superposition of a series of local Hamiltonian actions. The algorithm further utilizes time-step iteration and Trotter decomposition to improve computational efficiency and accuracy.

The development and validation of WiMi’s holographic quantum algorithm open new possibilities for quantum computing technology. It not only significantly reduces the resources required to simulate complex quantum systems, but also provides an effective tool for exploring highly entangled quantum states and rapid entanglement growth phenomena. With this technology, researchers can efficiently study problems such as the ground states of two-dimensional and three-dimensional spin systems, as well as complex dynamic evolution, even under limited hardware conditions.

In the future, the optimization potential of this technology remains immense. The research team plans to expand the scope of the holographic quantum algorithm and develop more advanced variational quantum eigensolver methods to further enhance precision and efficiency. Additionally, this technology can explore more application possibilities in practical scenarios by integrating with new types of quantum hardware.

With the rapid development of quantum computing, WiMi’s holographic quantum algorithm will undoubtedly become an important milestone in advancing quantum science and technology. It not only demonstrates an innovative path for quantum algorithm design but also lays a solid foundation for the widespread adoption and application of quantum computing.

About WiMi Hologram Cloud

WiMi Hologram Cloud, Inc. (NASDAQ:WiMi) is a holographic cloud comprehensive technical solution provider that focuses on professional areas including holographic AR automotive HUD software, 3D holographic pulse LiDAR, head-mounted light field holographic equipment, holographic semiconductor, holographic cloud software, holographic car navigation and others. Its services and holographic AR technologies include holographic AR automotive application, 3D holographic pulse LiDAR technology, holographic vision semiconductor technology, holographic software development, holographic AR advertising technology, holographic AR entertainment technology, holographic ARSDK payment, interactive holographic communication and other holographic AR technologies.

Safe Harbor Statements

This press release contains “forward-looking statements” within the Private Securities Litigation Reform Act of 1995. These forward-looking statements can be identified by terminology such as “will,” “expects,” “anticipates,” “future,” “intends,” “plans,” “believes,” “estimates,” and similar statements. Statements that are not historical facts, including statements about the Company’s beliefs and expectations, are forward-looking statements. Among other things, the business outlook and quotations from management in this press release and the Company’s strategic and operational plans contain forward−looking statements. The Company may also make written or oral forward−looking statements in its periodic reports to the US Securities and Exchange Commission (“SEC”) on Forms 20−F and 6−K, in its annual report to shareholders, in press releases, and other written materials, and in oral statements made by its officers, directors or employees to third parties. Forward-looking statements involve inherent risks and uncertainties. Several factors could cause actual results to differ materially from those contained in any forward−looking statement, including but not limited to the following: the Company’s goals and strategies; the Company’s future business development, financial condition, and results of operations; the expected growth of the AR holographic industry; and the Company’s expectations regarding demand for and market acceptance of its products and services.

Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and the current report on Form 6-K and other documents filed with the SEC. All information provided in this press release is as of the date of this press release. The Company does not undertake any obligation to update any forward-looking statement except as required under applicable laws.

 

Aramco plans to enter Philippines retail market with agreement to acquire 25% stake in Unioil

  • Aramco to extend brand, retail offerings and Valvoline-branded lubricants to select retail stations in the Philippines
  • Transaction represents further progress in the strategic expansion of Aramco’s global retail network in high-value markets

DHAHRAN, Saudi Arabia, Feb. 19, 2025 /PRNewswire/ — Aramco, one of the world’s leading integrated energy and chemicals companies, today signed definitive agreements to acquire a 25% equity stake in Unioil Petroleum Philippines, one of the largest petroleum companies in the Philippines.

The planned acquisition, which is subject to customary closing conditions including regulatory approvals, aims to capitalize on anticipated growth of the high-value fuels market in the Philippines. It represents further progress in Aramco’s strategic downstream expansion and growth of its global retail network, which aims to secure additional outlets for its refined products.

Yasser Mufti, Aramco Executive Vice President of Products & Customers, said: “This investment represents another step forward in our global strategy to expand Aramco’s retail network, and we look forward to introducing Aramco’s high-quality products and services to customers in the Philippines. Our international expansion aims to capture additional value and enhance our participation in vibrant economies, in collaboration with established partners. We are delighted to embark on the next stage of this journey with Unioil, a dynamic player in the fast-growing Philippines fuels market.”

Unioil, a diversified downstream fuels operator established in 1966, is one of the fastest growing retail, wholesale and storage companies in the Philippines, with a network of 165 retail stations and four storage terminals in the country.

The announcement follows Aramco’s previous retail acquisitions in Chile and Pakistan. Upon completion, Aramco intends to extend its brand, competitive retail offerings and Valvoline-branded lubricants to select retail stations in the Philippines.

About Aramco
As one of the world’s leading integrated energy and chemicals companies, our global team is dedicated to creating impact in all that we do, from providing crucial oil supplies to developing new energy technologies. We focus on making our resources more dependable, more sustainable and more useful, helping to promote growth and productivity around the world. https://www.aramco.com

X: @aramco

Disclaimer
The press release contains forward-looking statements. All statements other than statements relating to historical or current facts included in the press release are forward-looking statements. Forward-looking statements give the Company’s current expectations and projections relating to its capital expenditures and investments, major projects, upstream and downstream performance, including relative to peers. These statements may include, without limitation, any statements preceded by, followed by or including words such as “target,” “believe,” “expect,” “aim,” “intend,” “may,” “anticipate,” “estimate,” “plan,” “project,” “can have,” “likely,” “should,” “could,” and other words and terms of similar meaning or the negative thereof. Such forward-looking statements involve known and unknown risks, uncertainties and other important factors beyond the Company’s control that could cause the Company’s actual results, performance or achievements to be materially different from the expected results, performance, or achievements expressed or implied by such forward-looking statements, including the following factors: global supply, demand and price fluctuations of oil, gas and petrochemicals; global economic conditions; competition in the industries in which Saudi Aramco operates; climate change concerns, weather conditions and related impacts on the global demand for hydrocarbons and hydrocarbon-based products; risks related to Saudi Aramco’s ability to successfully meet its ESG targets, including its failure to fully meet its GHG emissions reduction targets by 2050; conditions affecting the transportation of products; operational risk and hazards common in the oil and gas, refining and petrochemicals industries; the cyclical nature of the oil and gas, refining and petrochemicals industries; political and social instability and unrest and actual or potential armed conflicts in the MENA region and other areas; natural disasters and public health pandemics or epidemics; the management of Saudi Aramco’s growth; the management of the Company’s subsidiaries, joint operations, joint ventures, associates and entities in which it holds a minority interest; Saudi Aramco’s exposure to inflation, interest rate risk and foreign exchange risk; risks related to operating in a regulated industry and changes to oil, gas, environmental or other regulations that impact the industries in which Saudi Aramco operates; legal proceedings, international trade matters, and other disputes or agreements; and other risks and uncertainties that could cause actual results to differ from the forward-looking statements in this press release, as set forth in the Company’s latest periodic reports filed with the Saudi Exchange. For additional information on the potential risks and uncertainties that could cause actual results to differ from the results predicted please see the Company’s latest periodic reports filed with the Saudi Exchange. Such forward-looking statements are based on numerous assumptions regarding the Company’s present and future business strategies and the environment in which it will operate in the future. The information contained in the press release, including but not limited to forward-looking statements, applies only as of the date of this press release and is not intended to give any assurances as to future results. The Company expressly disclaims any obligation or undertaking to disseminate any updates or revisions to the press release, including any financial data or forward-looking statements, whether as a result of new information, future events or otherwise, unless required by applicable law or regulation. No person should construe the press release as financial, tax or investment advice. Undue reliance should not be placed on the forward-looking statements.

Sukamal Banerjee Appointed Executive Director and Chief Executive Officer of Cyient

HYDERABAD, India, Feb. 19, 2025 /PRNewswire/ — Cyient Limited, a global Intelligent Engineering solutions company, today announced the appointment of Sukamal Banerjee as Executive Director and Chief Executive Officer of its DET business, effective February 19, 2025. He will also serve on the Board of Directors of Cyient Limited.

Sukamal is an accomplished professional and an acknowledged leader in the ER&D and Technology sector with over 30 years of experience. He spent most of his career in HCL Technologies, culminating in the role of Corporate Vice President responsible for engineering business. Most recently, Sukamal was the CEO and Member of the Board of Xoriant, a leading digital engineering company.

Sukamal has established and grown business lines and created market-leading business partnerships for global accounts with an engineering and technology focus. These include areas like Digital Industry 4.0, and AI/ML across sectors spanning Communications, Semiconductor, Energy, and Transportation, Automotive & Mobility, and Healthcare & Life Sciences, which align well with Cyient’s major customer segments. Sukamal brings thought leadership in transitioning industries across technological changes and building global capabilities across geographies.

Commenting on the appointment, MM Murugappan, Chairman, Cyient, said, “I am delighted with the appointment of Sukamal as the next CEO to drive the DET business. Sukamal is a values-based leader whose experience and leadership in the ER&D and Technology sector will help Cyient tremendously as we strengthen the organization to deliver the next phase of accelerated growth. I am confident that under Sukamal’s leadership, Cyient DET will be poised to be a leading technology-led intelligent engineering solutions organization delivering to the expectations of our Clients, Associates, and Shareholders.”

Welcoming Sukamal to Cyient, Executive Vice-Chairman and Managing Director of Cyient, Krishna Bodanapu said, “I am excited to be partnering with Sukamal to deliver on our brand promise of Designing Tomorrow Together. As Cyient continues to strengthen our core engineering offerings and to build technology-led intelligent engineering solutions, Sukamal will lead Cyient DET through a transformative phase of growth. Sukamal’s proven leadership in the ER&D and Technology services sector will tremendously benefit Cyient as we deliver on our commitment to accelerated growth.”

On his appointment, Sukamal Banerjee, Executive Director and Chief Executive Officer, Cyient said, “The ER&D sector is set to drive transformative change over the next decade as engineering and technology innovations redefine the future of products, plants, and networks. In this dynamic landscape, Cyient stands out as a leader in the ER&D sector, powered by its deep-rooted multi-vertical expertise. Leading a team of 16,000+ passionate Cyientists is an honor and a responsibility I embrace with commitment. Together, we will push boundaries, set new benchmarks, and elevate Cyient to reach newer heights and milestones.”

About Cyient
Cyient (Estd: 1991, NSE: CYIENT) delivers intelligent engineering solutions across products, plants, and networks for over 300 global customers, including 30% of the top 100 global innovators. As a company, Cyient is committed to designing a culturally inclusive, socially responsible, and environmentally sustainable tomorrow together with our stakeholders.

For more information, please visit www.cyient.com
Follow news about the company at @Cyient

Gowtham Uyalla
Kaizzen PR
+91 99892 22959
gowtham.uyalla@kaizzencomm.com

Phalguna Hari jandhyala
Cyient
Phalguna.Harijandhyala@cyient.com

 

VESTIAIRE COLLECTIVE PARTNERS WITH PARIS HILTON FOR CLOSET SALE FEATURING ICONIC LOOKS WITH PROCEEDS BENEFITING HILTON’S NONPROFIT 11:11 MEDIA IMPACT

NEW YORK, Feb. 19, 2025 /PRNewswire/ — Vestiaire Collective, the leading global platform for pre-loved luxury fashion, announces its latest celebrity closet sale with OG influencer, entrepreneur, innovator, and philanthropist Paris Hilton with net proceeds benefiting her nonprofit, 11:11 Media Impact and their efforts to support relief for the LA fires, where she’s been leveraging her platform to raise awareness, provide resources, and assist affected communities.

Vestiaire Collective x Paris Hilton
Vestiaire Collective x Paris Hilton

As a certified B-Corp, Vestiaire Collective is partnering with Hilton, a longtime circular fashion advocate, on this exclusive charity sale, selling nearly 100 pre-loved pieces directly from Hilton’s personal closet that showcase her iconic style and fashion evolution, from socialite to modern business mogul.

The sale is a unique opportunity to own pieces from a bona fide fashion icon, including a Juicy Couture velour tracksuit, Paris Hilton-signed slogan T-shirts and Von Dutch jacket, bedazzled denim jackets with “Paris Hilton” embroidered on the back, and a vintage Takashi Murakami x Louis Vuitton bag. Among other standouts are a Miu Miu studded biker jacket, her signature mini dresses from brands such as Lanvin, Mugler, Self-Portrait, and Zhivago, and a selection of handbags and shoes from Balenciaga, Versace, and Giuseppe Zanotti. Max Mara has also lent their support to the sale by donating the Max Mara 101801 topcoat, a timeless piece that Paris has reworn, while Pamella Roland, a longtime supporter of Hilton, has donated an evening dress. Prices range from $75 to $2250 and will be available to purchase globally.

“I’ve always embraced taking risks and having fun with fashion. I hope the pieces in my closet inspire others to experiment with their style and celebrate originality. This sale will support my charity’s work around relief efforts for the devastating LA fires and our ongoing mission to protect vulnerable youth from child abuse and bring hope to those in need. I can’t think of a better way to combine my greatest passions, fashion and charity, than with a closet sale. I’m so thankful to Vestiaire Collective for championing not only charitable causes but also pushing consumers to make fun, iconic fashion choices,” says Hilton, CEO of 11:11 Media Impact.

Net proceeds from the sale will be donated to 11:11 Media Impact, a non-profit founded by Hilton to protect children globally, historically focusing on ending institutional child abuse due to Paris’s lived-experience. Hilton, a vocal advocate for the issue, played a key role in passing the Stop Institutional Child Abuse Act in December 2024 which requires greater transparency of youth residential treatment facilities in the United States. As a resident of Los Angeles, Hilton has been actively supporting the California wildfire recovery efforts through 11:11 Media Impact. The proceeds of the closet sale will also go towards providing financial assistance to families who have lost their homes, providing short-term housing, and daily essentials.

“Fashion has the power to tell stories of self-expression and identity, and our closet sales have always been about celebrating trailblazers. Paris is a true icon, inspiring us not only with her bold style, but also with her courage to share her personal story to spark change. As pioneers in the fashion industry, committed to creating a more sustainable future, we are proud to collaborate with Paris, a changemaker advocating for the rights of children and teens,” says Co-founder and President of Vestiaire Collective, Fanny Moizant.

The sale also features unique content across Paris Hilton’s personal channels and Vestiaire Collective-owned channels, including an interview with Hilton and editorial content on the main homepage, as well as dedicated e-mails and curated shopping features.

Founded in Paris in 2009, Vestiaire Collective stands out by offering its global community of fashion lovers access to one-of-a-kind wardrobes from around the world, as well as maintaining official partnerships with some of the biggest names in luxury fashion, including Burberry, Gucci, Chloé, and more.

With over 5 million items in the catalog and 30,000 new listings daily, Vestiaire Collective has become the top choice to buy and sell pre-loved luxury fashion. With monthly celebrity, influencer, and tastemaker closet sales, Vestiaire Collective offers its millions of members access to coveted closets from all around the world, like Hilton’s, with previous celebrity closet sales including Jessica Chastain, Laura Dern, Chloe Fineman, Kim Kardashian, Jessica Alba, Candace Bushnell, Karen Elson, and more.

This partnership with Hilton is part of the company’s ambitious growth strategy in the United States and follows another major pop culture moment for the brand: its 2024 feature in Season 4 of Emily in Paris. The United States is now Vestiaire Collective’s largest market, representing 20% of its total business.

Campaign imagery: HERE
Product imagery: HERE
Discover the Paris Hilton closet sale: HERE
Discover the Paris Hilton edit to get her look: HERE 
Learn about 11:11 Media Impact: HERE  

About Vestiaire Collective

Vestiaire Collective is the leading global platform for pre-loved luxury fashion. The company’s mission is to transform the fashion industry for a more sustainable future, through empowering its community to shop more consciously. Driven by the philosophy ‘Think First, Buy Second’, Vestiaire Collective offers a trusted space for its community to prolong the life of its most-loved fashion pieces. The platform’s innovative features simplify the selling and buying process, as well as giving its members access to one-of-a-kind wardrobes from around the world. The company boasts a curation of 5 million desirable items. Co-founded in 2009 by two female entrepreneurs in Paris, Vestiaire Collective is a Certified B Corporation® and is active in 70 countries worldwide.

About 11:11 Media Impact

11:11 Media Impact, founded by Paris Hilton, is a nonprofit organization dedicated to creating meaningful and lasting change worldwide. Rooted in Paris’s lived experiences, the organization leverages strategic advocacy, socially-conscious storytelling, and philanthropic investments to address critical issues such as protecting children from institutional child abuse and fostering inclusion for individuals with learning and thinking differences.

Since its inception, 11:11 Media Impact has achieved significant milestones, including the passage of the federal Stop Institutional Child Abuse Act, the enactment of 10 U.S. state laws safeguarding youth in residential treatment facilities, and the successful repatriation of American children from abusive facilities abroad. In addition to its child protection work, Paris has been a passionate advocate for ADHD awareness and a steadfast supporter of LGBTQIA+ direct service organizations.

With over 21.5 billion earned media impressions in 2024 alone, 11:11 Media Impact harnesses innovative strategies and Paris’s global influence to drive systemic change, deliver justice for survivors, and protect vulnerable children around the world.

pr@vestiairecollective.com 

 

 

Captiva Announces Mark Rodd Joins Advisory Board of MDC to Lead Indigenous Tourism and Hospitality Development on Mi’kmaq-Owned Land


VANCOUVER, BRITISH COLUMBIA – Newsfile Corp. – 19 February 2025 – Captiva Verde Wellness Corp. (CSE: PWR) (OTC Pink: CPIVF) (“Captiva Verde”) a public company listed on the Canadian Securities Exchange under the trading symbol PWR and further listed in the US OTC Market under the symbol CPIVF announces that Mark Rodd, a leader in the hospitality and tourism industry, has joined the Advisory Board of Matnaggewinu Development Corporation (MDC). Mark will play a pivotal role in the development of a 55-acre Indigenous-owned property, guiding its transformation into a premier tourism and hospitality destination rooted in Mi’kmaq culture and tradition.

Mark Rodd is the CEO of Rodd Hotels and Resorts, Atlantic Canada’s leading resort chain, operating numerous hotels across the region renowned for exceptional guest experiences and the promotion of regional tourism. With decades of experience in the hospitality sector, Mark brings a wealth of expertise in destination development, tourism strategy, and luxury resort operations. His proven track record in creating iconic tourism destinations will be invaluable in ensuring the project’s long-term success and positive contribution to the local economy.

Rodd Hotels and Resorts is recognized as the premier provider of golf resorts and hotels in Atlantic Canada. Established in 1935, the company has earned numerous accolades from major golf publications, consistently ranking as the top golf resort destination in the region and the largest independently owned hotel chain in Atlantic Canada.

Sustainability and respect for the environment are cornerstones of Rodd Hotels and Resorts’ operations, alongside a commitment to prioritizing employees and stakeholders, ensuring the organization’s longevity and continued success.

Located on ancestral Mi’kmaq land, the 55-acre development will offer a unique blend of authentic cultural experiences, luxury accommodations, and eco-tourism, reflecting the rich history and heritage of the Mi’kmaq people. The project is part of MDC’s vision to empower Indigenous communities through sustainable economic development while sharing Mi’kmaq culture with visitors from around the world.

With decades of experience in the hospitality sector, Mark Rodd brings a wealth of expertise in destination development, tourism strategy, and luxury resort operations. His track record in creating iconic tourism destinations will be invaluable in shaping the project’s long-term success and its contribution to the local economy.

“We are excited to welcome Mark Rodd to our advisory board,” said Nowlen Augustine. “His expertise in tourism development aligns perfectly with our mission to create an inspiring destination that celebrates our Mi’kmaq heritage while fostering economic growth and cultural preservation.”

The planned development will include boutique accommodations, wellness retreats, outdoor adventure activities, and cultural programs, all designed to offer visitors an immersive experience in Mi’kmaq traditions and connection to the land. The project will also prioritize environmental stewardship, ensuring the land’s natural beauty and resources are protected for future generations.

Mark Rodd commented, “It’s an honor to join MDC and be part of this transformative project. This development is not just about tourism-it’s about building a sustainable future that respects and honors Mi’kmaq culture, while creating meaningful opportunities for the community.”

On Behalf of the Board of Directors

“Jeff Ciachurski”
Jeffrey Ciachurski
Chief Executive Officer and Director
Cell: (949) 903-5906
E-mail: westernwind@shaw.ca

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

About Matnaggewinu Development Corporation (MDC):

MDC is a Mi’kmaq-led organization committed to advancing economic development for Mi’kmaq communities through sustainable projects and partnerships. The corporation focuses on initiatives that preserve Mi’kmaq culture while fostering economic self-reliance and prosperity.

About Captiva Verde:
Captiva is dedicated to building partnerships that support Indigenous development and economic growth in key sectors such as real estate-based hospitality, tourism, aviation and renewable resources. Matnaggewinu is 49% owned by Captiva Verde.

Neither Canadian Securities Exchange nor its regulation services provider accepts responsibility for the adequacy or accuracy of this release.

Cautionary Note Regarding Forward Looking Information

This news release includes “forward-looking statements” and “forward-looking information” within the meaning of Canadian securities laws and United States securities laws (together, “forward-looking statements”). All statements included in this news release, other than statements of historical fact, are forward-looking statements including, without limitation, statements with respect to the expansion of Captiva’s health and wellness platform.

Forward-looking statements include predictions, projections and forecasts and are often, but not always, identified by the use of words such as “anticipate”, “believe”, “plan”, “estimate”, “expect”, “potential”, “target”, “budget”, “propose” and “intend” and statements that an event or result “may”, “will”, “should”, “could” or “might” occur or be achieved and other similar expressions and includes the negatives thereof.

Forward-looking statements are based on a number of assumptions and estimates that, while considered reasonable by management based on the business and markets in which the Company operates, are inherently subject to significant operational, economic, and competitive uncertainties, risks and contingencies. These include assumptions regarding, among other things: general business and economic conditions. There can be no assurance that forward-looking statements will prove to be accurate and actual results, and future events could differ materially from those anticipated in such statements. Important factors that could cause actual results to differ materially from the Company’s expectations include those described under the heading “Risks and Uncertainties” in the Company’s most recently filed MD&A (a copy of which is available under the Company’s SEDAR profile at ). The Company does not undertake to update or revise any forward-looking statements, except in accordance with applicable law.

Speakers at Inaugural SEMIEXPO Heartland Event to Highlight Advancements in Smart Manufacturing and Smart Mobility

MILPITAS, Calif., Feb. 19, 2025 /PRNewswire/ — SEMIEXPO Heartland, SEMI’s first Midwestern U.S. exposition to be held April 1-2 at the Indiana Convention Center in Indianapolis, will feature a conference program highlighting the latest developments in smart manufacturing and smart mobility. This event will bring together leaders from both areas to explore strategies for collaboration and innovation, fostering growth and new business opportunities in this thriving hub for semiconductor manufacturing. Registration is open.


SEMIEXPO Heartland Inaugural Conference Highlights

The event will be hosted by SEMIEXPO Heartland Honorary Chairman Terry Brewer, Founder and Chairman of Brewer Science.

Keynote Speakers

  • CHIPS for America: Dev Palmer, Director, National Advanced Packaging Manufacturing Program
  • Governor of Indiana: The Honorable Mike Braun
  • Polar Semiconductor: Surya Iyer, President and COO
  • Purdue University: Mung Chiang, President
  • Robert Bosch Semiconductor: Thorsten Scheer, Regional President Mobility Electronics

Panel Session: Future of Semiconductors in the Midwest

  • Indiana Secretary of Commerce: David J. Adams
  • Michigan Economic Development Corporation: Quentin Messer Jr, President and CEO
  • JobsOhio: J.P. Nauseef, President and CEO

Smart Manufacturing Sessions will share insights on deployment for smart manufacturing tools, technologies, and methods for the assembly, package, and test (APT) areas of semiconductor manufacturing.

  • APT Innovations Unleashed
    This session will highlight advancements in chip APT techniques for current and future advanced nodes, mature nodes, and traditional and future packaging approaches. Attendees will discover how these technologies are reshaping the industry and enabling high-performance, low-power chips for applications like 5G, autonomous vehicles, and Internet of Things (IoT).
  • Smart Manufacturing for APT: Data Analytics/AI and Digital Twins
    To ensure the high-quality chips needed for a connected world, testing, yield, and optimization are essential. This session will focus on these considerations and the current state-of-the-art in APT, including wafer testing, assembly, and final packaging.
  • Robotics and Automation for APT
    Attendees will gain a deeper understanding of the transformative role that robotics and automation play in semiconductor APT. This session will highlight how cobots and robots are enhancing productivity, reducing costs, improving quality, and implementing predictive maintenance for factory operations.
  • Future OSAT and APT Factories
    As innovative wafer fabs adopt technologies like digital twins, generative AI, and machine learning, this session will highlight deployment challenges pertaining to security, upskilling talent, and sustainability.

Smart Mobility Sessions will provide a forum for addressing technical issues and supply chain dynamics related to sensors and mobility challenges. 

  • Electric Vehicles and Power Semiconductors Driving Sustainability
    Whether vehicles are hybrid-electric, battery-electric, or fuel-cell powered, different solutions like traditional silicon, IGBTs, SiC, GaN, and other advanced materials come into play. This session will explore these technologies, along with supply chain challenges, market trends, policies, and trade.
  • Chiplets Reshaping the Compute Architecture 
    Some experts see chiplets as a game-changing technology, while others view them as a new marketplace. This session will offer insights from chip makers, automotive manufacturers, suppliers, and market analysts, to put the future of chiplets into perspective.
  • Autonomous Vehicles Powered by AI Technology
    Today’s industry is experiencing both the benefits and challenges of letting computers take the wheel. This session will delve into the essential hardware for computing, sensing, and communication. Presenters will provide an update on autonomous driving technologies, as well as the semiconductors and sensors needed to bridge the gaps.
  • MEMS & Sensors, the Indispensable Source for Smart Vehicles
    With over 100 MEMS and sensors on each smart vehicle, these technologies are crucial for safety, sustainability, and convenience. This session will discuss the essential sensors for smart vehicles, their function for IoT, and how evolving specifications and regulations will impact their designs.

Workforce Development Pavilion

SEMIEXPO Heartland will include SEMI’s signature Workforce Development Pavilion to connect job seekers with employers, provide resume guidance, and offer opportunities for mentorship. The Workforce Development Pavilion will also host “day in the life” sessions, where professionals will share their career experiences in the semiconductor industry. The pavilion is free for students and recent graduates.

View the full SEMIEXPO Heartland 2025 agenda for updates on speakers and to learn more.

For press interested in attending SEMIEXPO Heartland 2025, please contact Sherrie Gutierrez at sgutierrez@semi.org.

SEMIEXPO Heartland was developed in partnership with the Indiana Economic Development Corporation, the Applied Research Institute, Purdue University, and Visit Indy.

About SEMI
SEMI® is the global industry association connecting over 3,000 member companies and 1.5 million professionals worldwide across the semiconductor and electronics design and manufacturing supply chain. We accelerate member collaboration on solutions to top industry challenges through Advocacy, Workforce Development, Sustainability, Supply Chain Management and other programs. Our SEMICON® expositions and events, technology communities, standards and market intelligence help advance our members’ business growth and innovations in design, devices, equipment, materials, services and software, enabling smarter, faster, more secure electronics. Visit www.semi.org, contact a regional office, and connect with SEMI on LinkedIn and X to learn more.  

About Indiana Economic Development Corporation
The Indiana Economic Development Corporation (IEDC) is part of the broader State of Indiana’s Commerce Office created by Governor Mike Braun and is charged with growing the state economy, driving economic development, and helping businesses launch, grow and locate in the state. Governed by a board of directors chaired by Governor Mike Braun, the IEDC manages many initiatives, including workforce development, innovation and entrepreneurship resources, public infrastructure assistance and talent attraction and retention. For more information about the IEDC, visit iedc.in.gov.

About Applied Research Institute (ARI)
Applied Research Institute (ARI) is a non-partisan leader in technology innovation and strategy. As a neutral, third-party innovation ecosystem orchestrator, ARI collaborates with cross-sectional partners from state and federal government, industry, and academia, across a wide spectrum of technology focus areas. We specialize in creating robust ecosystems, facilitating partnerships, and managing complex technology projects from start to finish – all with the goal of transforming ideas into game-changing results.

About Purdue University
Purdue University is known for its excellence, scale, and impact in semiconductor education and research. Purdue leads the 33-university SCALE network, which is developing a semiconductor workforce for the defense sector. Purdue’s Semiconductor Degrees Program, guided by 40 senior semiconductor leaders, is developing the semiconductor workforce for the commercial sector. A strong, critical mass of researchers spans the full stack of semiconductors R&D, from materials and devices, to circuits, systems, architecture, and advanced packaging integration. Led by the Atalla Institute for Advanced System Integration and Packaging, the Birck Nanotechnology Center, the Center for Secure Microelectronics Ecosystems, the Institute for CHIPS and AI, and supported by the nanoHUB infrastructure for data services and AI, Purdue plays an active role in many national R&D programs.

Visit Indy
Indy’s convention and visitor’s bureau enhances the quality of life in Indianapolis by optimizing visitor-related economic impact. As an unprecedented level of cooperation between business and government boosts Indianapolis to a completely new level, they’re reveling in the opportunity to show our city off to SEMI and the semiconductor industry community.

SEMI Contact
Sherrie Gutierrez/SEMI Corporate
Phone: 1.831.889.3800
Email: sgutierrez@semi.org

 

Sun Life Invests Over HK$10 Million to Partner with the Basketball Association of Hong Kong, China

Focusing on Three Key Areas to Develop a Professional Basketball Ecosystem and Promote a Healthy and Active Lifestyle


HONG KONG SAR – Media OutReach Newswire – 19 February 2025 – Sun Life and the Basketball Association of Hong Kong, China (BAHKC) held a partnership signing ceremony today (February 19), officially announcing an investment of over HK$10 million for a three-year collaboration. This strategic partnership will focus on three key areas: athlete support, basketball popularization, and community outreach. The initiative reflects Sun Life’s commitment to basketball development and aims to build a professional and sustainable basketball ecosystem in Hong Kong while encouraging the public to embrace an active and positive lifestyle.

Sun Life (right) and the Basketball Association of Hong Kong, China (left) held a partnership signing ceremony.
Sun Life (right) and the Basketball Association of Hong Kong, China (left) held a partnership signing ceremony.

Extending Global Basketball Support to Drive Local Basketball Development
Sun Life has been committed to promoting a healthy lifestyle and believes that basketball, as one of the world’s most popular sports, can enhance physical and mental health and community cohesion. Since 2014, Sun Life has supported the NBA’s Toronto Raptors, becoming the team’s first jersey patch sponsor in 2017. In 2023, Sun Life further strengthened its commitment to basketball by reaching a multi-year sponsorship agreement with Canada Basketball, becoming the official jersey sponsor and Official Health and Wellness Partner for Canadian men’s and women’s national teams, in line with its philosophy of promoting healthy living.

Mr. Clement Lam, Chief Executive Officer of Sun Life Hong Kong Limited, stated at the signing ceremony, “Sun Life’s mission is to help clients achieve lifetime financial security and live healthier lives. Our global headquarter in Canada has been supporting basketball development since 2014 and has actively expanded to many regions in Asia in recent years. This partnership with the Basketball Association of Hong Kong, China, will focus on both commercialization and professionalization, leveraging innovation and diverse collaboration to enhance the local basketball ecosystem, fulfilling our corporate mission.”

Three-Year Partnership Covering Three Key Areas to Achieve Sustainable Development
Sun Life is committed to building a sustainable and healthy society and understands the importance of popularization and professionalization for sports development. Therefore, this partnership covers the following three areas.

1. Athlete Support
Sun Life will use its insurance expertise to provide medical and accident insurance for members of the Hong Kong basketball team, addressing the long-standing problem of athlete protection. In addition, to help young players achieve the goal of dual development in sports and academics, Sun Life will fund the establishment of a scholarship program by the BAHKC to provide scholarships for members of the Hong Kong U18 and U22 basketball teams who have successfully enrolled in or are currently attending university. It will also establish a youth player internship program to allow players to prepare for their post-retirement career development through workplace seminars and internship opportunities.

2. Basketball Popularization
To encourage more people to continue participating in basketball and improve their skills, Sun Life will sponsor various basketball competitions, assisting in revolutionizing the games and promoting basketball development. One of the key projects is the “Hong Kong Open Division Men’s and Women’s Basketball League,” which will be title-sponsored by Sun Life. This will be Hong Kong’s first self-financing league with a promotion and relegation system, establishing a clear development pathway for teams and players while strengthening the competitiveness of local basketball. The league will have no age restrictions, and players of any age can sign up to participate and compete in the same event. It is expected to become the largest and most developmental basketball league in Hong Kong, in line with Sun Life’s philosophy of promoting a healthy and active lifestyle and building a healthy and inclusive community. Glen Yang, a member of the Hong Kong, China Basketball Team, who has participated in professional leagues in Canada, Spain, and Taiwan, agrees that the Open-League will be able to attract more players to participate and contribute to the development of basketball in Hong Kong.

From 2025 to 2027, Sun Life will also sponsor the National Day Cup Basketball Tournament, inviting local universities and tertiary institutions to participate, using basketball to promote community cohesion and provide more resource support for sports development in tertiary institutions. The competition will also invite overseas university teams to participate, strengthening exchanges between Asian university basketball teams, encouraging healthy competition, and thereby improving the competitive level of local basketball.

3. Community Outreach
Since 2023, Sun Life has partnered with Beyond Sport, a global foundation promoting sustainable social change through sports, to promote the “Hoops + Health” charity program in Asia, including Hong Kong. Following last year’s collaboration to revitalize the Wah Sum Basketball Court in Fanling, hold basketball coaching workshops, and organize youth basketball activities, this year, they will expand the program and hold free youth basketball workshops in various districts. This encourages young people to develop an optimistic and positive lifestyle, emphasizing both physical and mental well-being.

Mr. Benny Chow, Team Leader of the Youth Team of the Basketball Team of Hong Kong, China, said, “We will work with Sun Life to deepen the promotion of community basketball and connect it with more professional and comprehensive systematic training. We aim to bring new energy into the local basketball, discover and nurture new talent, and attract more young people to join basketball and even develop basketball careers.”

Sun Life and BAHKC Join Forces to Promote a Healthy and Active Lifestyle
Sun Life is committed to promoting basketball, not only to encourage young people to develop healthy living habits through basketball but also to embody the value proposition of Sun Life’s agency team through this passionate sport: “Collaboration,” “Progressive,” and “Impactful.” Mr. Mark Tian, Chief Agency Strategy and Growth Officer of Sun Life Hong Kong Limited stated, “Sun Life values the holistic development of our financial advisors and encourages the team to contribute to the community by actively participating in sports and community activities. Therefore, we have formed a basketball team and will sign up to participate in the Hong Kong Open Division Men’s and Women’s Basketball League sponsored by Sun Life to promote healthy living through action. We hope that through this cooperation, we can showcase Sun Life’s long tradition, dynamic business development, and sustainable future and further embody Sun Life’s team spirit of One Team, One Goal, Win As One.”

Mr. Siu-wong Chan, Executive Vice President and Honorary President of the Basketball Association of Hong Kong, China, added, “Sun Life has been promoting healthy living in different ways and is committed to bringing the community together through sports. Our shared vision for basketball development aligns perfectly. This collaboration will bring new energy to local basketball by not only providing substantial resources to support its growth but also by having Sun Life’s team actively participate in the league. This encourages the public to embrace an active and positive lifestyle.”
Hashtag: #SunLife #BAHKC

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

Finit sells Data to Major Hedge Fund, Expanding Beyond Their B2C Platform Business

Improving inefficiencies can lead to business opportunities 

VIENNA, Va., Feb. 19, 2025 /PRNewswire/ — When an improved method provides value, customers are willing to pay for it.  Finit Co., Ltd., which developed order flow analytics and expanded to the U.S. market through its subsidiary, TradePulse Technologies, Inc., recently sold its Korean stock flow data to a major U.S. top tier high-frequency/ algorithmic trading hedge fund. With its AI-inferred proprietary algorithm, Finit developed major solutions for two separate markets.

  • PowerMap (for Korean stocks)
  • TradePulse (for U.S. stocks)

Their core technology analyzes real-time trading patterns to predict stock trend reversals using AI trained on 15 years of historical data. Currently, the AI utilizes hundreds of thousands of trade patterns to forecast stock movements. For instance, if someone buys 100 shares of Samsung Electronics every minute for two hours, combining this with other characteristics, the system can infer which foreign brokerage is making the purchase. With AI-driven pattern analysis, feature detection, and inference engines, Finit processes hundreds of thousands of trade signals in real time.

In the Korean stock market, investors often wonder who (foreign investors, institutions, or individuals) is buying or selling stocks when making trading decisions. While brokerage trading platforms provide categorized transaction data, they are typically delayed until after 6 PM, well after the market has closed. Only after the market has closed, brokerage firms manually input trading data for foreign investors and institutions. With Finit‘s PowerMap integrated into Korean brokerage apps, users can see real-time predictive trading volumes by category.

With experts capable of implementing Direct Market Access (DMA) and High-Frequency Trading (HFT) technology, Finit was able to develop the PowerMap which processes and delivers large-scale transactions in real time. Processing large volumes of stock transactions instantly requires powerful data processing capabilities. Finit receives direct trade data from exchanges and analyzes buy and sell signals for approximately 1,000 stocks in real time (covering KOSPI stocks with a market cap over 200 billion KRW ($133.38 M) and KOSDAQ stocks over 150 billion KRW ($103.81 M) .

Currently, Finit‘s service PoweMap is available through Korean brokerage apps. However, the company aims to expand to U.S. retail investors, signing contracts with Interactive Brokers, Tradier Brokerage, Quasar Markets, and Cobra Trading to develop tailored solutions such as TradePulse for American investors.

Traditional trading indicators often fail to capture the true market dynamics, relying heavily on past price movements rather than real-time transaction flows. This creates blind spots, especially in fast-moving markets where institutional orders and algorithmic trades can drastically shift stock prices. By processing vast amounts of stock transaction data at high speed and applying AI-driven inference models, TradePulse eliminates these gaps, providing both institutional and retail traders with order flow data in real time, accurately identifying market orders and volumes.

TradePulse, a leading provider of innovative order flow analytics through its proprietary AI-driven algorithm, analyzes over 4,000 U.S. stocks, including Apple, Microsoft, NVIDIA, and Amazon.

“Unlike Korea, U.S. exchanges do not categorize trading data by foreign and institutional investors. Instead, we developed indicators such as large trade volume and buy intensity to predict stock trends.”

For example, if buy intensity and large transactions increase simultaneously within a minute, there is an 84% chance the stock price will rise within three minutes.

Although stock prices may only rise by an average of 1.2% per day, and accuracy is not 100%, TradePulse provides investors with an additional key metric for decision-making.

**About TradePulse**

TradePulse Technologies, Inc. is a leading provider of innovative trading solutions, specializing in order flow analytics. With eight partner companies and no lost partnerships, TradePulse’s technology is highly trusted. The company boasts 2 million page views per day and serves 400,000 users, underscoring its significant market presence and the value it provides to investors.

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