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Cathay Biotech to showcase thermoplastic bio-based composite materials (bio-PPA CFRT) at 2025 JEC World

PARIS, Feb. 11, 2025 /PRNewswire/ — The global composite materials industry’s attention will soon be focused on theĀ JEC World 2025 exhibition, which will be held from March 4th to 6th at the Paris Nord Villepinte Exhibition Centre in France. At this highly anticipated event, Cathay Biotech will showcase its breakthrough application achievements and solutions of thermoplastic bio-based composite materials in the fields of automotive light-weighting, new energy, construction, eVTOL, and consumer electronics, etc., driving the industry towards a more sustainable future.

As an innovator and pioneer of the global bio-manufacturing industry, Cathay Biotech takes technological innovation as its core competence and continues to invest heavilyĀ in R&D. The continuous fiber-reinforced bio-based polyamide thermoplastic composite materials (hereinafter referred to as ‘bio-PPA CFRT’) launched by Cathay Biotech, are produced from renewable resources and have high-performance, which break through the boundary of traditional materials. These bio-PPA CFRT materials have excellent mechanical properties, and outstanding processability, are particularly suitable for working conditions which demand high strength, rigidity, and excellent weatherability, etc. They are an ideal choice for replacement of steel, aluminum, and thermosetting materials.

Compared to other materials, Cathay’s bio-PPA CFRT materials provide one stop solutions including materials for structural design, simulation, molding processes, assisting customers to substantially improve production efficiency and reduce manufacturing costs. Moreover, Cathay bio-PPA CFRT materials have significantly lower carbon emissions and can be recycled and re-used due to its thermoplastics character.

Cathay Biotech cordially invites you to visit our booth and explore the innovative value and infinite possibilities of Cathay bio-PPA CFRT materials, to jointly promote the green future of the composite industry.

Looking forward to meeting you in Paris!

Cathay Biotech booth information

Exhibition: JEC World 2025
Extension: March 4-6, 2025
Exhibition Hall: Paris Nord Villepinte Exhibition Centre, France
Booth number: CATHAY BIOTECH INC. Hall 5 L02

More information about Cathay Biotech (https://www.cathaybiotech.com/en/)

Independent review of Minesto’s technology successfully completed strengthening the buildout investment case

GOTHENBURG, Sweden, Feb. 11, 2025 /PRNewswire/ — An independent technical review of Minesto’s Dragon-class technology initiated in autumn 2024 has now been completed by DNV – a world leader in technology assessments and certifications in the energy & maritime sectors, incl. renewable energy solutions. The successfully completed review strengthens Minesto’s buildout investment case.

The review is based on full disclosure of technical data related to relevant aspects of the Dragon-class technology, ranging from energy conversion performance, production volumes and installation procedures. Comprehensive documentation, workshops with the Minesto development team and a visit to the production site on the Faroe Islands during offshoreĀ installation were taken into consideration for the review process.Ā Ā 

In a nutshell, the review of technology-readiness supports Minesto’s plan for a first 10MW array build-out in Faroe Islands and the potential for reaching competitive cost of energy (LCOE) levels based on the low system weight, as well as the unique and efficient installation and handling procedures.

“As with all novel technologies, including ours, there is a strong need among potential customers and partners for input from independent trusted sources on risks and commercial readiness, especially as we are scaling-up and moving from single-kite operations to arrays. We can see that the conclusions and quality of the review performed by DNV is of great value for us in satisfying this need,” said Dr Martin Edlund, CEO of Minesto.

Minesto is sharing the review results together with technical documentation with selected partners and potential customers under NDA to move the commercial agenda forward, showcase the technology and provide required transparency.

“It is a large undertaking to share comprehensive data on our technology with external parties. This work was successfully completed and it has strengthened our technical documentation further,”Ā added Martin Edlund.

Moreover, DNV provided guidance on potential risks and suggestions for areas of improvement which have been incorporated into the development agenda.

“It is satisfying to conclude that the technical risks identified by DNV align with our internal assessment and support our development priorities. We are ready and eager to implement this in the immediate next step, delivering the Hestfjord Dragon Farm,” concludes Martin Edlund.

For additional information please contact

Cecilia Sernhage, Chief Communications Officer
+46 (0) 723 31 89 09
ir@minesto.comĀ 

About Minesto

Minesto is a leading marine energy technology company with the mission to minimise the global carbon footprint of the energy industry by enabling commercial power production from the ocean.

Minesto’s award winning and patented product is the only verified marine power plant that operates cost efficiently in areas with low-flow tidal streams and ocean currents.

With more than €45 million of awarded funding from the European Regional Development Fund through the Welsh European Funding Office, European Innovation Council and InnoEnergy, Minesto is the European Union’s largest investment in marine energy to date.

Minesto was founded in 2007 and has operations in Sweden, the Faroe Islands, Wales and Taiwan. The major shareholders in Minesto are BGA Invest and Corespring New Technology. The Minesto share (MINEST) is traded on Nasdaq First North Growth Market. Certified Adviser is G&W Fondkommission.

Read more about Minesto at www.minesto.com

Press images and other media material is available for download via minesto.com/media

Financial information including reports, prospectuses and company descriptions is available in Swedish at www.minesto.com/investor.

This information was brought to you by Cision http://news.cision.com

https://news.cision.com/minesto-ab/r/independent-review-of-minesto-s-technology-successfully-completed-strengthening-the-buildout-investm,c4103767

111, Inc. Regains Compliance with NASDAQ Requirement

SHANGHAI, Feb. 11, 2025 /PRNewswire/ — 111, Inc. (NASDAQ: YI) (“111” or the “Company”), a Ā leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China, announced today that it has received notification from The Nasdaq Stock Market LLC (“Nasdaq”) on February 10, 2025, confirming that Nasdaq has determined that for the last ten consecutive business days, from January 24, 2025 to February 7, 2025, the closing bid price of the Company’s American Depositary Shares has been at $1.00 per share or greater. Accordingly, the Company has regained compliance with Listing Rule 5450(a)(1). Nasdaq noted this matter is now closed.

Forward-Looking Statements

This press release contains forward-looking statements. These statements constitute “forward-looking” statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended, and as defined in the U.S. 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,” “target,” “confident” and similar statements. Among other things, the Business Outlook and quotations from management in this announcement, as well as 111’s strategic and operational plans, contain forward-looking statements. 111 may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, 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. Such statements are based upon management’s current expectations and current market and operating conditions and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company’s control. Forward-looking statements involve inherent risks, uncertainties and other factors that could cause actual results to differ materially from those contained in any such statements. Potential risks and uncertainties include, but are not limited to, uncertainties as to the Company’s ability comply with extensive and evolving regulatory requirements, its ability to compete effectively in the evolving PRC general health and wellness market, its ability to manage the growth of its business and expansion plans, its ability to achieve or maintain profitability in the future, its ability to control the risks associated with its pharmaceutical retail and wholesale businesses, and the Company’s ability to meet the standards necessary to maintain listing of its ADSs on the Nasdaq Global Market, including its ability to cure any non-compliance with Nasdaq’s continued listing criteria. Further information regarding these and other risks, uncertainties or factors is included in the Company’s filings with the U.S. Securities and Exchange Commission. All information provided in this press release is as of the date of this press release, and 111 does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under applicable law.

About 111, Inc.

111, Inc. (NASDAQ: YI) (“111” or the “Company”) is a leading tech-enabled healthcare platform company committed to reshaping the value chain of healthcare industry by digitally empowering the upstream and downstream in China. The Company provides consumers with better access to pharmaceutical products and healthcare services directly through its online retail pharmacy, 1 Pharmacy, and indirectly through its offline virtual pharmacy network. The Company also offers online healthcare services through its internet hospital, 1 Clinic, which provides consumers with cost-effective and convenient online consultation, electronic prescription service, and patient management service. In addition, the Company’s online platform, 1 Medicine, serves as a one-stop shop for pharmacies to source a vast selection of pharmaceutical products. With the largest virtual pharmacy network in China, 111 enables offline pharmacies to better serve their customers with cloud-based services. 111 also provides an omni-channel drug commercialization platform to its strategic partners, which includes services such as digital marketing, patient education, data analytics, and pricing monitoring.

For more information on 111, please visit: http://ir.111.com.cn/.

Legendary US Rock Band Green Day Kick Off Asian Tour at Galaxy Arena, Making Their First Performance in China After a 15-Year Hiatus and Igniting an Unforgettable Night of Rock’n Roll


MACAU SAR – Media OutReach Newswire – 11 February 2025 – One of the world’s most influential rock bands, Green Day officially launched their Asian tour on February 9 at Macau’s largest indoor entertainment venue, Galaxy Arena. Amid crashing waves of sound and thunderous applause, Green Day opened the night with their explosive track The American Dream Is Killing Me, sparking an electrifying atmosphere and igniting the fervor of around 10,000 rock fans in attendance. After a hiatus of 15 years, Green Day’s first performance in China thrilled fans from Hong Kong, Macau, and the entire Asia-Pacific region as music lovers gathered to pay tribute to the spirit of rock.

One of the world’s most influential rock bands, Green Day officially launched their Asian tour on February 9 at Galaxy Arena.
One of the world’s most influential rock bands, Green Day officially launched their Asian tour on February 9 at Galaxy Arena.

Green Day, which consists of lead vocalist/guitarist Billie Joe Armstrong, bassist Mike Dirnt, and drummer TrƩ Cool, are celebrating the 30th anniversary of their classic album Dookie and the 20th anniversary of the iconic American Idiot, and the band enthusiastically performed a selection of tracks from both of these landmark albums, along with songs from Insomniac (1995), Nimrod (1997), Warning (2000), 21st Century Breakdown (2009), and their latest album, Saviors (2024), taking fans on a nostalgic musical journey of epic proportions.

The lead vocalist/guitarist Billie Joe’s unmistakable vocals reverberated throughout the arena.
The lead vocalist/guitarist Billie Joe’s unmistakable vocals reverberated throughout the arena.

One of the most special points of the night came early on, during the band’s performance of their 1994 hit Basket Case, when the entire audience sang along in unison, creating a powerful collective moment that those present will never forget. Similarly, as Green Day launched into American Idiot, with its tight guitar riffs and pounding drums, the fans bobbed and waved in sync with the rhythm, transforming the venue into a pulsating sea of movement and euphoria as Billie Joe’s unmistakable vocals reverberated throughout the arena. The rendition of Boulevard of Broken Dreams was particularly moving, the bittersweet anthem’s soaring melody and poignant lyrics clearly striking a chord with the mesmerized crowd. The band also delighted fans with other tracks from American Idiot, including Wake Me Up When September Ends, the emotionally charged Holiday. During this musical feast, Green Day passionately performed nearly thirty classic songs, highlighting the power of music as not just entertainment, but as a profound reflection on today’s world.

Green Day captivated fans with their passion and talent, allowing everyone to experience the authenticity and power of music.
Green Day captivated fans with their passion and talent, allowing everyone to experience the authenticity and power of music.

As well as being a globally renowned punk rock band, Green Day is also one of the best-selling music acts in history, with approximately 75 million albums sold worldwide and over 10 billion streams on various digital platforms—a testament to their extraordinary influence. The band has also received 23 Grammy nominations and won five Grammy Awards, as well as multiple Billboard Music Awards, American Music Awards, and Brit Awards. Green Day were inducted into the Rock and Roll Hall of Fame in 2015, underlining their status as one of the most important bands in the history of music.

The Macau show marked Green Day’s first stop in the Asia-Pacific region on The Saviors Tour, and the event thrilled local music lovers and visiting fans from neighboring regions alike.
The Macau show marked Green Day’s first stop in the Asia-Pacific region on The Saviors Tour, and the event thrilled local music lovers and visiting fans from neighboring regions alike.

The Macau show marked Green Day’s first stop in the Asia-Pacific region on The Saviors Tour, and the event thrilled local music lovers and visiting fans from neighboring regions alike. For Green Day, every aspect of the performance, from the setlist to the venue choice, represented their uncompromising pursuit and expression of their authentic musical essence. The state-of-the-art sound system and unobstructed sightlines of Galaxy Arena provided the audience with an unparalleled 360-degree audiovisual experience, while the venue’s high-definition technology amplified the intensity of the show, ensuring every corner of the arena was filled with the band’s electrifying performance.

The Galaxy Arena, as a premier performance venue, offered exceptional support for the entire event through its state-of-the-art stage design and cutting-edge technological capabilities.
The Galaxy Arena, as a premier performance venue, offered exceptional support for the entire event through its state-of-the-art stage design and cutting-edge technological capabilities.

Music critics noted that Green Day’s performance at Galaxy Arena signified a pivotal moment for the resurgence of rock music in Asia, marking a rare and extraordinary occasion. The opening show in Macau was not just a musical celebration, but a tribute to the spirit of rock, adding another brilliant chapter to Macau’s development as a “City of Performing Arts” and a “City of Mega Events”.Hashtag: #GalaxyMacau

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

ABOUT GALAXY MACAU INTEGRATED RESORT

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

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

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

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

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

For more details, please visit , and .

HKT partners with Microsoft Hong Kong to launch next-gen Teams Phone solution


First local telecom carrier in Hong Kong to provide Microsoft Operator Connect1

HONG KONG SAR – Media OutReach Newswire – 11 February 2025 – HKT has partnered with Microsoft Hong Kong to provide Operator Connect, making it the first local telecom carrier to offer the new Microsoft Teams Phone solution for enterprises in Hong Kong.

Operator Connect revolutionises business communications by seamlessly integrating existing business phone lines with Microsoft Teams through an operator-managed service. This solution enables enterprises to benefit from professional technical support and quality assurance while enabling Teams for calls, without the need for extensive changes or new hardware, resulting in a cost-effective, streamlined transition.

By utilising its self-managed network, HKT has also introduced HKT Operator Connect Plus, an advanced version of Microsoft Operator Connect powered by Artificial Intelligence (AI). Leveraging its expertise in solution design and system integration, HKT Operator Connect Plus offers monitoring of call quality, automatically alerting users of any potential issues2 and tracking down to the root causes of the fluctuations during voice calls.

Steve Ng, Managing Director of Commercial Group, HKT, said, “HKT has a long-standing history of providing reliable voice services to thousands of enterprises in Hong Kong. We understand the need for a future-proof, enterprise-grade communications platform in the evolving digital landscape. HKT Operator Connect Plus, powered by AI, assists enterprises in swiftly identifying and resolving cloud voice issues. Committed to enabling corporates in their digital transformation journey, we will continue to leverage the latest technologies, including AI and automation, to deliver advanced Unified Communication-as-a-Service (UCaaS) that caters to enterprises’ evolving needs.”

“We are thrilled to see the launch of Operator Connect in Hong Kong, marking a significant milestone in our collaboration with HKT,” said Cally Chan, General Manager of Microsoft Hong Kong and Macau. “By combining Microsoft’s industry-leading technology with HKT’s carrier-grade capabilities and local expertise, Operator Connect becomes a future-proven solution that provides customers with a comprehensive, reliable and AI-powered communications solution that will drive productivity and digital transformation for businesses of all sizes.”

Comprehensive end-to-end support is available to enterprises, covering Microsoft licence, technical integration and operator-managed service. Additionally, a dedicated technical support hotline provides professional advice on preventative measures and troubleshooting, ensuring reliable communication for local and regional businesses. HKT addresses various migration challenges and operational requirements, ensuring seamless implementation of HKT Operator Connect Plus with the Teams Phone system.
_____________
1 Information source: https://cloudpartners.transform.microsoft.com/partner-gtm/operators/directory
2 This is a value-added service, and users need to apply for it separately.

Hashtag: #HKT

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

About HKT

HKT is a technology, media, and telecommunication leader with more than 150 years of history in Hong Kong. As the city’s true 5G provider, HKT connects businesses and people locally and globally. Our end-to-end enterprise solutions make us a market-leading digital transformation partner of choice for businesses, whereas our comprehensive connectivity and smart living offerings enrich people’s lives and cater for their diverse needs for work, entertainment, education, well-being, and even a sustainable low-carbon lifestyle. Together with our digital ventures which support digital economy development and help connect Hong Kong to the world as an international financial centre, HKT endeavours to contribute to smart city development and help our community tech forward.

For more information, please visit .

LinkedIn:

Luang Prabang Seeks Visa Waiver Extension for More Chinese Tourists

Luang Prabang city (Photo: Laos Tour)

Luang Prabang Province is calling for the Lao government to extend visa waivers for Chinese tourists, aiming to boost tourism and enhance visitor experiences ahead of a potential new “Visit Laos Year,” with the launch date yet to be decided.

Rising Costs and Coverage Gaps: The Diverging Medical Insurance Landscapes in Hong Kong and Singapore

As Hong Kong witnesses a burgeoning interest in health insurance, Singapore grapples with the challenges of rising medical costs and financial risk management.

  • Budget Priorities: Respondents in both regions allocate significant portions of their budgets to Family, Finance, and Health. Notably, there is a strong intent to increase health budgets in 2025, particularly among the middle-income segment, with 31% in Singapore and 26% in Hong Kong planning for such increases.
  • Insurance Coverage Gaps: While a majority of respondents in both markets benefit from medical insurance, Singaporeans exhibit higher levels of protection, with 49% having personal plans and only 10% uninsured, compared to 19% uninsured in Hong Kong.
  • HNWIs Driving Demand: A substantial percentage of HNWIs in Hong Kong plan to purchase new medical insurance in 2025 (48%), contrasting with a smaller proportion in Singapore due to existing extensive coverage (30%).
  • Motivations and Barriers: Hong Kong respondents are driven to purchase insurance to address coverage gaps (44%) and rising medical expenses (36%), while Singaporeans focus on mitigating financial risks (43%). High costs remain the top deterrent in both markets, affecting 62% in Hong Kong and 52% in Singapore.

HONG KONG SAR – Media OutReach Newswire – 11 February 2025 – A recent survey by MDRi, which engaged 1,000 respondents across Hong Kong and Singapore, has unveiled a diverse array of health and medical insurance needs as the Year of the Snake approaches. The findings highlight the contrasting priorities of individuals in these two markets, revealing distinct trends in their insurance requirements.

Health has emerged as the paramount life priority for residents of both Hong Kong and Singapore. With a growing aging population in both markets, this shared emphasis on health underscores significant growth opportunities within the healthcare industry.

Middle-Income Segment Intends to Increase Health Budgets in 2025

In examining budget allocations for 2024, respondents from Hong Kong prioritized Family (23%), Finance (22%), and Health (15%). Singaporeans similarly allocated their budgets, with Family (22%), Finance (20%), and Health (16%) as top priorities.

Notably, 21% of Hong Kong respondents plan to increase their health budgets in 2025, particularly among the middle-income segment, where 26% intend to allocate more. In Singapore, 23% of respondents plan to boost their health budgets, with a striking 31% among the middle-income group.

Significant Differences in Medical Insurance Coverage

While the majority of individuals in both Hong Kong (81%) and Singapore (90%) have medical insurance coverage, notable differences arise in personal coverage. In Singapore, approximately 49% possess personal medical insurance, with 36% opting for additional coverage beyond company plans. In contrast, only 15% of Hong Kong respondents rely solely on company medical insurance without personal coverage, and about 19% of individuals in Hong Kong lack any medical insurance, compared to just 10% in Singapore. This disparity highlights Singapore’s population having better protection levels in terms of medical insurance relative to Hong Kong.

HNWIs and Future Insurance Plans

Looking ahead to 2025, 30% of individuals in Hong Kong are projected to acquire new medical insurance, with a significant 48% of HNWIs planning to purchase new policies. Conversely, only 24% of Singaporeans intend to secure additional coverage, reflecting their already extensive insurance ownership.

Motivations and Deterrents in Medical Insurance Decision-Making

In Hong Kong, motivations for purchasing new medical insurance are driven by the need to address coverage inadequacies (44%), rising medical expenses (36%), and reducing future financial risks (36%). In Singapore, the focus shifts toward mitigating financial risks (43%), exploring diverse coverage options (39%), and managing escalating medical costs (37%).

For those without insurance, high costs remain the primary deterrent, with 62% in Hong Kong and 52% in Singapore citing expense as a key barrier.

Growth Opportunities in Medical Insurance

Hong Kong presents substantial growth opportunities for insurance companies, particularly as many individuals remain uninsured. By positioning medical insurance as an affordable solution against rising medical costs, insurers can tap into this potential. Surprisingly, despite lower coverage rates, HNWIs in Hong Kong are actively considering new insurance purchases in 2025. In contrast, while the Singaporean market shows lower demand due to widespread coverage, there remains an opportunity to attract individuals by emphasizing the reduction of future financial risks and exploring low-cost solutions for those without medical insurance.

Simon Tye, CEO of MDRi, emphasizes the importance of these trends: “Insurance firms must recognize the distinct landscapes of Hong Kong and Singapore. In Hong Kong, the opportunity lies in catering to an eager market looking for new insurance options. Meanwhile, Singapore’s focus should be on providing diverse coverage solutions that effectively mitigate financial risks and address the concerns of rising medical expenses.”

Notes to editors:

  • The press release result is based on a survey conducted by MDRi during 31st December 2024 – 6th January 2025, measuring the sentiment and happiness level of both markets of Hong Kong and Singapore towards the year 2025, including ownership of medical insurance.
  • The survey engaged a total of 1,000 participants, with an equal sample size of 500 individuals from each market, to ensure a balanced representation of the demographic distribution within the respective territories.

For further information, interviews, or comments, please contact info@mdr-i.com.

Hashtag: #MDRi

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

About The Mishcon de Reya Group

The Group is an independent, international professional services business with law at its heart, employing over 1450 people with over 650 lawyers. It includes the law firm Mishcon de Reya LLP and a collection of leading consultancy businesses that complement the firm’s legal services.

Mishcon de Reya LLP is based in London, Oxford, Cambridge, Singapore and Hong Kong (through its association with ). The firm services an international community of clients and provides advice in situations where the constraints of geography often do not apply. Its work is cross-border, multi-jurisdictional and complex, spanning seven core practice areas: ; ; ; ; ; ; and .

The includes consultancy businesses , (in London, Singapore and Dubai), , (in Hong Kong) and . The Group also includes , which invests in the most promising early stage legaltech companies as well as the Mishcon Academy, its in-house place of learning and platform for thought leadership.

Earlier this year, the Group announced its first strategic acquisition in the alternative legal services market, flexible legal resourcing business Flex Legal. It also acquired a majority stake in Somos, a global group actions management business.

About MDRi

Based in Hong Kong and with operations in London and Singapore, MDRi is a leading provider of business insights, empowering organizations with data-driven advice to make informed decisions and drive growth.

Through advanced analytics, industry expertise, and innovative methodologies, MDRi uncovers strategic opportunities, mitigates risks, and helps businesses stay ahead in a rapidly evolving marketplace. With a commitment to excellence and client-centricity, MDRi is revolutionizing the way organizations harness insights for success.

Railtown AI Technologies Announces MOU to Acquire AI Partnerships Corp

Vancouver, British Columbia – Newsfile Corp. – February 11, 2025 – Railtown AI Technologies Inc. (CSE: RAIL) (OTCQB: RLAIF) (“Railtown AI”, “Railtown” or the “Company”) is pleased to announce it has executed an MOU for the acquisition of AI Partnerships Corp. (“AIP”). (the “Acquisition Transaction” or “Transaction” or “Acquisition”), a Toronto-based company that has established an Affiliate network of over 160, primarily North American, AI-SaaS companies that provide AI-based vertical market solutions and AI development and management tools. The acquisition will create a dynamic organization that drives substantial revenue growth and scales enterprise AI solutions worldwide.

AIP’s Affiliate network operates in 13 countries and delivers AI-based solutions to a diverse client base across multiple industries, including fintech, healthcare, manufacturing, and supply chain management as well as sector agnostic applications and AI development and management tools.

The combination of Railtown AI and AIP is expected to provide both organizations with an opportunity to leverage Railtown AI’s Conductr product as a platform of choice for AI application development by AIP’s current and future Affiliates and their end-users.

One of the fundamental objectives in the establishment of AIP’s Affiliate network was to allow AIP to identify and acquire the best Affiliates as part of a broader strategic roll-up strategy. The transaction is expected to provide the resulting entity the benefit of a public company structure with access to capital markets as it executes its Affiliate acquisition strategy. AIP’s established Affiliate network provides a significant opportunity to grow recurring revenue streams through Affiliate acquisitions, which could be enhanced by deploying Railtown AI’s proprietary technologies across the Affiliate network and its customers.

Key drivers of revenue growth include:

  • Affiliate Acquisitions: The company plans to acquire select high-performing Affiliates, and as a result of combining their product offerings will provide a rich suite of vertical market AI-based applications and development tools in order to meet the needs of enterprise clients.
  • Platform Integration: Railtown AI’s Conductr platform could streamline AI development for Affiliates and their enterprise clients, increasing both adoption and productivity.
  • Expanded Partnerships: With relationships already in place with major technology partners, including MILA, Amii, Microsoft, NVIDIA, AMD, and UBC, the company will continue to leverage these partnerships to accelerate enterprise sales and product innovation.
  • Recurring Enterprise Revenue: The integration of AI-based vertical market applications along with AI development and management tools and services across the Affiliate network is anticipated to drive strong recurring revenue growth from long-term enterprise contracts.


“This acquisition represents a transformative moment for both Railtown AI and AI Partnerships Corp. By combining our Conductr platform with AIP’s extensive Affiliate network and enterprise partnerships, we are creating a powerhouse that will drive significant revenue growth and deliver innovative AI solutions to businesses worldwide. The opportunities ahead are immense-we’re poised to expand our reach, scale enterprise sales, and accelerate innovation across industries. Together, we’ll shape the future of AI in ways that unlock long-term value for our shareholders, customers, and partners,”
said Cory Brandolini, CEO of Railtown AI Technologies.

“From its inception, AIP set out to assemble the largest network of AI solutions organizations that provide a diverse package of AI solutions, that meet the needs of enterprises in industry sectors that realize significant ROI from the adoption of AI-based application solutions. We found Railtown’s Conductr had broad deployment relevance across the entirety of our network. With the combination of Railtown and AIP, we are excited to actualize our public market vision as we seek to commence with an aggressive targeted Affiliate acquisition mandate upon the conclusion of this exciting transaction,” stated Dr. Tom Corr, CEO of AI Partnerships Corp.

To facilitate the acquisition transaction, Canaccord Genuity Corp. has been engaged as exclusive financial advisor and lead agent to the Company in connection with the acquisition transaction and any concurrent financing.

Both companies are working toward finalizing a Letter of Intent (the “LOI”) to formalize the acquisition in the coming weeks.

The acquisition is expected to position the company to capitalize on the rapidly expanding demand for AI solutions in key sectors. The ability to provide enterprise clients with a fully integrated suite of AI tools and services-ranging from SaaS applications to advanced development platforms-gives the organization a strong competitive advantage in both domestic and international markets.

The leadership teams of Railtown AI and AIP are aligned in their vision to create long-term value through technology innovation and enterprise revenue growth.

For more information on the executive leadership teams, please visit:


About AI Partnerships Corporation

AI Partnerships Corp. was formed in 2020 with the goal of establishing a world-wide Affiliate network of AI-as-a-Service based companies that are focused on providing AI-based solutions in a select number of sectors. These sectors include healthcare, manufacturing, supply chain and fintech, as well as sector agnostic AI development tools and applications. We have established a network of over 160 SaaS-based AI Affiliates, primarily headquartered in Canada and the US, who have offices in 13 countries world-wide.

The Affiliate network consists primarily of companies that are non-competitive with each other and who work together to cross-sell to each other clients and to jointly pursue new sales opportunities. By establishing and working with the Affiliate network, AI Partnerships has been able to identify the best Affiliate candidates to potentially be acquired by AI Partnerships.

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About Railtown AI Technologies

Railtown AI, a Microsoft Partner, has developed a cloud-based Application General Intelligenceā„¢ Platform called Conductr. Artificial intelligence and automation that perform tasks and streamline, enhance, and accelerate Developer Productivity Engineering (DPE) through Speed, Quality, Automation, and Best Practices are the cornerstones and foundation of the Conductr platform.

We purposely built the Conductr platform to help Software Companies and Software Developers save time on redundant tasks, improve productivity, drive down costs, and accelerate developer velocity. Railtown’s proprietary AI technology, designed to enable our clients to be more productive and profitable, is accessible on Microsoft’s Azure Marketplace.

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ON BEHALF OF THE BOARD
“Cory Brandolini”
Cory Brandolini, Chief Executive Officer

INVESTOR CONTACT
Rebecca Kerswell
Investor Relations
Email: investors@railtown.ai
Phone: 1-(604)-417-4440

This news release contains forward-looking statements relating to the future operations of the Company and other statements that are not historical facts. Forward-looking statements are often identified by terms such as “will,” “may”, “should”, “intends”, “anticipates”, “expects” and similar expressions. All statements other than statements of historical fact included in this release, including, without limitation, statements regarding the future plans and objectives of the Company are forward-looking statements that involve risks and uncertainties. There can be no assurance that such 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 are risks detailed from time to time in the filings made by the Company with securities regulators.

Forward-looking statements included or incorporated by reference in this document include statements with respect to:

  • the Company’s acquisition, including acquisition criteria and acquisition benefits;
  • the Company’s goal to grow revenues through the acquisitions;
  • expectations regarding the ability to raise capital in conjunction with the acquisition;


Specifically, there is material risk that the acquisition may not close and/or the Company may not be able to raise capital necessary to complete the acquisition referred to herein.

Readers are cautioned that assumptions used in the preparation of any forward-looking information may prove to be incorrect. Events or circumstances may cause actual results to differ materially from those predicted, as a result of numerous known and unknown risks, uncertainties, and other factors, many of which are beyond the control of the Company. As a result, the Company cannot guarantee that any forward-looking statement will materialize, and readers should not place undue reliance on any forward-looking information. Such information, although considered reasonable by management at the time of preparation, may prove to be incorrect and actual results may differ materially from those anticipated. Forward-looking statements contained in this news release are expressly qualified by this cautionary statement. The forward-looking statements contained in this news release are made as of the date of this news release and the Company will only update or revise publicly any of the included forward-looking statements as expressly required by Canadian securities law.

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