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Mingteng International Corporation Inc. Announces Financial Results for Fiscal Year 2024

WUXI, China, April 30, 2025 /PRNewswire/ — Mingteng International Corporation Inc. (Nasdaq: MTEN) (the “Company” or “Mingteng International”), an automotive mold developer and supplier in China, today announced its financial results for the fiscal year ended December 31, 2024.

Mr. Yingkai Xu, Chairman and Chief Executive Officer of Mingteng International, remarked, “In fiscal year 2024, we made several strategic decisions, including expanding our production capacity and increasing our workforce, to adapt to evolving market dynamics and rising competition. While these initiatives resulted in higher investments and operating expenses, we achieved solid revenue growth of 23.0%, underscoring the effectiveness of our business strategy and the strength of our long-standing relationships with major customers. Notably, our machining services have become a key growth driver due to prioritized resource allocation. This segment grew by an impressive 327.6% during this year, surpassing our mold repair business to become the second-largest revenue contributor, accounting for the 21.2% of total revenue in fiscal year 2024.

As a result of scaling up our operations, our cost of revenues rose at a faster pace. However, we managed to maintain a healthy gross margin above 30%, despite increased costs and relatively stable selling prices. This demonstrates our ability to sustain profitability while building a strong business foundation for the future growth. Overall, we remained committed to our core strengths in technical expertise, service reputation, and product quality, even in the face of external challenges. The past year was a transformative for Mingteng International, marked by significant expansion, we believe these efforts have laid a robust foundation for long-term, sustainable growth. Backed by the dedication of our team and the successful execution of our strategic initiatives, we are confident in our ability to unlock further development opportunities and elevate our business to the next level with enhanced capabilities and infrastructure.”

Fiscal Year 2024 Financial Summary

Total revenue was $10.12 million in fiscal year 2024, an increase of 23.0% from $8.23 million in the fiscal year 2023.

Gross profit was 3.07 million in fiscal year 2024, compared to $3.32 million in fiscal year 2023.

Gross margin was 30.3% in fiscal year 2024, compared to 40.4% in fiscal year 2023.

Net loss was $5.68 million in fiscal year 2024, compared to net income $1.51 million in fiscal year 2023.

Basic and diluted losses per share were $0.97 in fiscal year 2024, compared to basic and diluted earnings per share $0.30 in fiscal year 2023.

Fiscal Year 2024 Financial Results

Revenues

Total revenue was $10.12 million in fiscal year 2024, an increase of 23.0% from $8.23 million in fiscal year 2023. After consideration of the impact of rising exchange rates, total revenue increased by 24.3% or 14.1 million in RMB base currency.

For the Year Ended December 31,

2024

2023

($ millions)

Revenue

Cost of Revenue

Gross Margin

Revenue

Cost of Revenue

Gross Margin

Mold production

6.87

4.86

29.3 %

6.64

4.20

36.7 %

Mold repair

1.10

0.48

56.5 %

1.08

0.43

60.8 %

Machining services

2.14

1.71

20.1 %

0.50

0.27

45.2 %

Total

10.12

7.05

30.3 %

8.23

4.90

40.4 %

Revenue from mold production was $6.87 million in fiscal year 2024, an increase of 3.5% from $6.64 million in fiscal year 2023. Despite the adverse impact of exchange rate fluctuations, mold production volume and revenues still represented a slight increase, this indicates that Wuxi Mingteng Mould Technology Co., Ltd. (“Wuxi Mingteng Mould”) maintains long-term relationships with major customers and continues to open up the mold market in fiscal year 2025.

Revenue from mold repair was $1.10 million in fiscal year 2024, an increase of 1.7% from $1.08 million in fiscal year 2023.

Revenue from machining services was $2.14 million in fiscal year 2024, an increase of 327.6% from $0.50 million in fiscal year 2023. The increase was mainly attributed to the Company continuing investment in improving the production capacity in the second half of year 2023 and the first half of year 2024. Revenues from machining services gradually serve as a main source of revenue for the Company in the year 2024. Currently, Kehua Holding Co., Ltd. and Suzhou Green Control Transmission Technology Co., Ltd. are our major customers in machine services.

Cost of Revenues

Cost of revenues was $7.05 million in fiscal year 2024, an increase of 43.9% from $4.90 million in fiscal year 2023. The cost of revenues mainly comes from raw material costs, manufacturing costs and labor costs. The revenues had not increased significantly, the reasons that costs growth has far exceed the growth of revenues as follows:

First, in order to promote the future development of machining service and expand production capacity, Wuxi Mingteng Mould hired more production labor in fiscal year 2024, which lead to an increase of $821,025 in labor cost in fiscal year 2023.

Second, in order to pursue the future development of the aluminum alloy pressure casting mold business and machining service and expand production capacity, the total investment of production machinery and equipment was $1,131,506 in fiscal year 2024, an increase from $650,982 in fiscal year 2023, resulting in an increase of depreciation expense which allocated to production costs of $59,817. The depreciation expense increased to $412,992 in fiscal year 2024 compared to $353,175 in fiscal year 2023. In addition, due to the expansion of production scale in fiscal year 2024, the indirect manufacturing costs also increased, such as the low-value consumption materials (mainly metal processing tools) increased by $446,490, amount to $972,225 in fiscal year 2024 from $525,735 in fiscal year 2023, and the charges for water and electricity increased by $106,101, amount to $260,541 in fiscal year 2024 from $154,440 in fiscal year 2023.

Last, due to the expansion of sales, the production orders increased, which means the materials assumptions also increased accordingly, the assumption of materials increased by $572,183, amount to $2,092,519 in fiscal year 2024 from $1,520,336 in fiscal year 2023.

Gross Profit and Gross Margin

Gross profit was $3.07 million in fiscal year 2024, a decrease from $3.32 million in fiscal year 2023. Gross margin was 30.3% for fiscal year 2024, compared to 40.4% in fiscal year 2023. Compared to fiscal year 2023, the labor costs and manufacturing expenses increased more significantly than the cost of raw materials in fiscal year 2024, leading to a relative decline in the proportion of raw materials within the total cost structure.

Gross margins for mold production, mold repair and machining services were 29.3%, 56.5%, and 20.1%, respectively, in fiscal year 2024, compared to 36.7%, 60.8%, and 45.2%, respectively, in fiscal year 2023.

Operating Expenses

Operating expenses were $8.18 million in fiscal year 2024, an increase of 417.4% from $1.58 million in fiscal year 2023.

Selling expenses were $150,418 in fiscal year 2024, a decrease of 1.8% from $153,213 in fiscal year 2023.The selling expenses remain stable.

General and administrative expenses were $7,395,559 in fiscal year 2024, an increase of 827.8% from $797,140 in fiscal year 2023, primarily due to a) share based compensation $4,408,200; b) the increase of consulting fee in fiscal year 2024 by $1,023,451 compared to fiscal year 2023, the Company paid large amount of consulting and professional fees for the Initial Public Offering (“IPO”) in April 2024; and c) due to the number of employees increased, the employee welfare expenses increased by $201,854; d) the increase in personal income tax accrued for stock-based payment of $736,473; e) after the successful listing of the Company, three independent directors were hired, resulting in an increase in salaries of $67,500.

Research and development expenses were $634,046 in fiscal year 2024, an increase of 0.5% from $630,752 in fiscal year 2023. Research and development expenses remain stable with a slight increase.

Net Income (Loss)

Net loss was $5.68 million in fiscal year 2024, compared to net income of $1.51 million in fiscal year 2023.

Basic and Diluted Earnings (Losses) per Share

Basic and diluted losses per share were $0.97 in fiscal year 2024, compared to basic and diluted earnings per share of $0.30 in fiscal year 2023.

Financial Condition

As of December 31, 2024, the Company had cash and cash equivalents of $2.08 million, compared to $1.06 million as of December 31, 2023.

Net cash provided by operating activities was $0.29 million in fiscal year 2024, compared to $1.30 million in fiscal year 2023.

Net cash used in investing activities was $3.43 million in fiscal year 2024, compared to $0.76 million in fiscal year 2023.

Net cash provided by financing activities was $4.15 million in fiscal year 2024, compared to net cash used in financing activities of $1.25 million in fiscal year 2023.

About Mingteng International Corporation Inc.

Based in China, Mingteng International Corporation Inc. is an automotive mold developer and supplier that focuses on molds used in auto parts. The Company provides customers with comprehensive and personalized and integrated mold services, covering mold design and development, mold production, assembly, testing, repair and after-sales service. With its production plant located in Wuxi, China, the Company aims to build a systematic solution for automobile mold services and create a personalized and integrated “Turnkey Project” for customers. The Company’s main products are casting molds for turbocharger systems, braking systems, steering and differential system, and other automotive system parts. The Company also produces molds for new energy electric vehicle motor drive systems, battery pack systems, and engineering hydraulic components, which are widely used in automobile, construction machinery and other manufacturing industries. For more information, please visit the Company’s website: https://ir.wxmtmj.cn/.

Forward-Looking Statements

Certain statements in this announcement are forward-looking statements. These forward-looking statements involve known and unknown risks and uncertainties and are based on the Company’s current expectations and projections about future events that the Company believes may affect its financial condition, results of operations, business strategy and financial needs. Investors can find many (but not all) of these statements by the use of words such as “approximates,” “believes,” “hopes,” “expects,” “anticipates,” “estimates,” “projects,” “intends,” “plans,” “will,” “would,” “should,” “could,” “may” or other similar expressions. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct. The Company cautions investors that actual results may differ materially from the anticipated results, and encourages investors to read the risk factors contained in the Company’s final prospectus and other reports its files with the SEC before making any investment decisions regarding the Company’s securities. The Company undertakes no obligation to update or revise publicly any forward-looking statements to reflect subsequent occurring events or circumstances, or changes in its expectations, except as may be required by law.

For investor and media inquiries, please contact:

Mingteng International Corporation Inc.
Investor Relations Department
Email: ir@wxmtmj.cn 

Ascent Investor Relations LLC

Tina Xiao
Phone: +1-646-932-7242
Email: investors@ascent-ir.com

 

 MINGTENG INTERNATIONAL CORPORATION INC.

CONSOLIDATED BALANCE SHEETS

As of December 31,

2024

2023

ASSETS

Current Assets

Cash and cash equivalents

$

2,080,715

$

1,056,236

Accounts receivable, net

4,171,809

3,517,632

Other receivables-bank acceptance notes, net

971,044

471,166

Advances to suppliers

122,456

388,110

Other receivables

15,690

12,344

Inventories, net

1,183,572

1,217,045

Contract costs, net

96,656

Total current assets

8,641,942

6,662,533

Non-current Assets

Property and equipment, net

3,857,200

3,335,187

Intangible assets

67,710

Operating lease right-of-use assets, net

38,133

Deferred offering costs

715,771

Long-term investments

1,356,618

Total non-current assets

5,319,661

4,050,958

Total Assets

$

13,961,603

$

10,713,491

LIABILITIES AND EQUITY

Current Liabilities

Short-term loans

$

1,391,130

$

282,378

Accounts payable

1,276,419

1,053,215

Other payables and other current liabilities

1,829,642

1,041,910

Advance from customers

515,650

401,935

Amounts due to related parties

240,166

240,309

Current portion of lease liabilities

13,006

Total current liabilities

5,266,013

3,019,747

Non-current Liabilities

Deferred tax liabilities

221,551

246,893

Non-current portion of lease liabilities

20,408

Total non-current liabilities

241,959

246,893

Total liabilities

5,507,972

3,266,640

Commitments and contingencies

Shareholders’ Equity:

Ordinary shares (Par value US$0.00001 per share, 5,000,000,000 shares authorized,
6,839,600 and 5,000,000 shares issued and outstanding as of December 31, 2024
and 2023)

68

50

Additional paid-in capital

7,620,339

897,308

Statutory reserves

465,572

465,572

Retained earnings

787,211

6,466,293

Accumulated other comprehensive loss

(419,559)

(382,372)

Total shareholders’ equity

8,453,631

7,446,851

Total Liabilities and Shareholders’ Equity

$

13,961,603

$

10,713,491

 

 

MINGTENG INTERNATIONAL CORPORATION INC.

CONSOLIDATED STATEMENTS OF OPERATIONS AND COMPREHENSIVE INCOME (LOSS)

For the Years Ended December 31,

2024

2023

2022

Revenues

$

10,120,257

$

8,225,911

$

8,026,764

Cost of revenues

(7,052,835)

(4,902,078)

(4,113,661)

Gross profit

3,067,422

3,323,833

3,913,103

Operating expenses:

Selling expenses

150,418

153,213

132,542

General and administrative expenses

7,395,559

797,140

926,786

Research and development expenses

634,046

630,752

492,526

Total operating expenses

8,180,023

1,581,105

1,551,854

(Loss) income from operations

(5,112,601)

1,742,728

2,361,249

Other income (expenses):

Government subsidies

651,267

129,138

92,832

Interest income

1,226

4,459

2,171

Interest expense

(36,769)

(59,477)

(53,991)

Other-than-temporary impairment

(1,121,382)

Other income, net

19,183

34,440

58,311

Total other income (expenses), net

(486,475)

108,560

99,323

(Loss) income before income taxes

(5,599,076)

1,851,288

2,460,572

Provision for income taxes

(80,006)

(344,586)

(327,384)

Net (loss) income

$

(5,679,082)

$

1,506,702

$

2,133,188

Comprehensive income (loss)

Net (loss) income

$

(5,679,082)

$

1,506,702

$

2,133,188

Foreign currency translation loss

(37,187)

(133,740)

(479,845)

Total comprehensive (loss) income

$

(5,716,269)

$

1,372,962

$

1,653,343

(Losses)/earnings per share

– Basic and diluted

$

(0.97)

$

0.30

$

0.43

Weighted average number of ordinary shares outstanding                   

– Basic and diluted

5,884,590

5,000,000

5,000,000

 

 

MINGTENG INTERNATIONAL CORPORATION INC.

CONSOLIDATED STATEMENTS OF CASH FLOWS

For the Years Ended December 31,

2024

2023

2022

Cash flows from operating activities

Net (loss) income

$

(5,679,082)

$

1,506,702

$

2,133,188

Adjustments to reconcile net (loss) income to net cash provided by
operating activities:

Depreciation of property and equipment

515,982

404,881

272,237

Amortization of intangible assets

6,213

Amortization of right-of-use assets

1,031

97,095

158,180

Share-based compensation expenses

4,408,200

Impairment loss on long-term investments

1,121,382

Provision for impairment of inventory

55,510

5,936

Provision for impairment of contract costs

11,827

(Recovery) provision of credit loss

(6,650)

(5,079)

17,606

Deferred income tax

(21,916)

254,224

(4,304)

Loss on disposal of property and equipment

24,905

648

Changes in operating assets and liabilities:

Accounts receivable

(705,865)

(1,129,372)

(489,078)

Other receivables-bank acceptance notes

(511,554)

302,846

(294,440)

Advances to suppliers

196,125

(151,983)

(223,562)

Other receivables

28,631

(35,657)

760,209

Inventories

(39,787)

(180,335)

194,674

Contract costs

(109,388)

Accounts payable

75,993

348,641

224,538

Advances from customers

120,746

343,470

(34,598)

Other payables

7,696

50,474

Payroll payable

134,421

(32,932)

166,388

Taxes payable

662,925

(269,691)

354,593

Amounts due to related parties

3,422

(70,819)

(348,333)

Change in operating lease liabilities

(5,794)

(88,586)

(85,075)

Net cash provided by operating activities

294,973

1,299,989

2,852,697

Cash flows from investing activities

Purchase of property and equipment

(945,918)

(761,792)

(1,439,365)

Purchase of intangible asset

(37,698)

Proceeds from disposal of property and equipment

28,083

6,558

Purchase of long-term investment

(2,478,000)

Net cash used in investing activities

(3,433,533)

(761,792)

(1,432,807)

Cash flows from financing activities

Proceeds from short-term loans

1,404,163

1,419,094

1,709,764

Shareholder contribution

148,675

Dividends

(352,123)

Repayment of short-term loans

(280,833)

(2,483,415)

(966,388)

Proceeds from initial public offering, net

3,293,096

Payments of deferred offering costs

(264,950)

(172,179)

(144,000)

Principal payments under finance lease obligations

(12,488)

(230,372)

Net cash provided by (used in) financing activities

4,151,476

(1,248,988)

165,556

Effect of foreign exchange rate change on cash and cash equivalents

11,563

(26,296)

(99,156)

Net increase (decrease) in cash and cash equivalents

1,024,479

(737,087)

1,486,290

Cash and cash equivalents at the beginning of the year

1,056,236

1,793,323

307,033

Cash and cash equivalents at the end of the year

$

2,080,715

$

1,056,236

$

1,793,323

Supplemental disclosures of cash flow information:

Interest paid

$

36,769

$

59,477

$

101,459

Income taxes paid

$

113,108

$

205,761

$

53,991

Non-cash investing activities:

Right-of-use assets acquired under operating lease

$

39,526

$

$

Liabilities incurred for purchase of property and equipment

$

208,651

$

21,257

$

Liabilities incurred for purchase of intangible assets

$

36,859

$

$

 

GreenTree Filed Annual Report on Form 20-F for Fiscal Year 2024

SHANGHAI, May 1, 2025 /PRNewswire/ — GreenTree Hospitality Group Ltd. (NYSE: GHG) (“GreenTree” or the “Company”), a leading hospitality management group in China, today announced that it filed its annual report on Form 20-F for the fiscal year ended December 31, 2024 with the U.S. Securities and Exchange Commission (“SEC”) on April 30, 2025 U.S. Eastern Time.

The annual report can be accessed on the Company’s investor relations website at http://ir.998.com/ as well as the SEC’s website at http://www.sec.gov.

The Company will provide a hard copy of its annual report containing the audited consolidated financial statements, free of charge, to its shareholders and ADS holders upon request. Requests should be directed to the Company’s IR Department at ir@998.com.

About GreenTree Hospitality Group Ltd.

GreenTree Hospitality Group Ltd. (“GreenTree” or the “Company”) (NYSE: GHG) is a leading hospitality and restaurant management group in China. As of December 31, 2024, GreenTree had a total number of 4,425 hotels and 182 restaurants. In 2023, HOTELS magazine ranked GreenTree 11th among the 225 largest global hotel groups in terms of number of hotels in its annual HOTELS’ 225. GreenTree was the fourth largest hospitality company in China in 2022 according to the China Hospitality Association. In 2023, GreenTree completed its acquisition of Da Niang Dumplings and Bellagio, two leading restaurant chain businesses in China.

GreenTree has a broad portfolio of diverse brands spanning from the economy to mid-scale, up-scale and luxury segments of the hospitality industry mainly in China. Through its strong membership base, expansive booking network, superior system management with moderate charges, and fully supported by its operating departments including Decoration, Engineering, Purchasing, Operation, IT and Finance, GreenTree aims to keep closer relationships with all of its clients and partners by providing a diverse brand portfolio that features comfort, style and value.

For more information on GreenTree, please visit http://ir.998.com.

Or contact:

GreenTree
Ms. Selina Yang
Phone: +86-158-2166-6251
E-mail: ir@998.com

Mr. Maple Miao
Phone: +86-181-0184-0639
E-mail: ir@998.com

Christensen
In Shanghai
Mr. Jerry Xu
Phone: +86-138-1680-0706
E-mail: jerry.xu@christensencomms.com

In Hong Kong
Ms. Karen Hui
Phone: +852-9266-4140
E-mail: karen.hui@christensencomms.com

In the US
Ms. Linda Bergkamp
Phone: +1-480-614-3004
E-mail: linda.bergkamp@christensencomms.com

Kaleidescape Announces Distribution for Australia and New Zealand Marine and Superyacht Market

National AV Solutions Becomes Kaleidescape Marine Distributor

MOUNTAIN VIEW, Calif., May 1, 2025 /PRNewswire/ — Kaleidescape, maker of the ultimate movie platform, today announced National AV Solutions as the distributor for Australia and New Zealand’s vibrant marine market, delivering unparalleled entertainment experiences to luxury marine, yacht, and superyacht owners.

As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.
As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.

“Australia and New Zealand have a thriving yachting community that demands the very best in onboard entertainment,” said Priscilla Morgan, president and chief operating officer, Kaleidescape. “With Kaleidescape, yacht owners and designers can integrate the highest-quality cinematic experience into their vessels, ensuring guests enjoy pristine picture and immersive, lossless audio—no matter where their journey takes them.”

Kaleidescape’s partnership with National AV Solutions, a leading distributor specializing in AV solutions, will bring the company’s high-performance movie platform to luxury yachts across Australia and New Zealand. Partnering with National AV Solutions allows Kaleidescape to reach this discerning market with a premium entertainment solution tailored for the open sea.

“Kaleidescape is a game-changer for onboard entertainment,” said Claver Harper, Director, National AV Solutions. “Superyacht owners and their guests expect the best, and with Kaleidescape, they get a true cinematic experience that is seamless, reliable, and designed for the unique challenges of the marine environment. We are excited to bring this exceptional technology to our customers.”

As the only digital movie provider with lossless audio and full reference video quality, Kaleidescape ensures yacht owners can enjoy an extensive catalog of 4K and HD titles with unparalleled clarity and performance. The system integrates seamlessly into marine AV and automation solutions, providing access to an extensive library of movies, TV series, and concerts.

Australia and New Zealand marine customers will have access to Kaleidescape’s premium product lineup, including the Strato V, Strato C, and Strato M movie players, Terra Prime SSD in 8TB, 31TB and 123TB and the Terra Prime movie servers available in 12TB, 24TB, and 48TB configurations.

With this expansion, Kaleidescape continues to set the standard for high-end entertainment, ensuring that yacht owners can enjoy a world-class movie experience wherever their adventures take them. Customers can explore the full product range through www.nationalavsolutions.com.au with more details on availability and pricing.

About Kaleidescape (www.Kaleidescape.com)  

Kaleidescape is the ultimate movie platform. Kaleidescape has been designing, manufacturing, and selling state-of-the-art movie players and servers for over 20 years. Kaleidescape digitally delivers movies with lossless audio and reference video. Headquartered in Silicon Valley, Kaleidescape products are assembled in the USA.

Media Contact:
Kaleidescape, Inc.
Josh Gershman
Josh.Gershman@kaleidescape.com

Photo – https://laotiantimes.com/wp-content/uploads/2025/05/kaleidescape.jpg

Logo – https://laotiantimes.com/wp-content/uploads/2025/05/kaleidescape_logo.jpg

Natus announces integration of InVisus Pro NMUS into Natus Elite software

MIDDLETON, Wis., May 1, 2025 /PRNewswire/ — Natus Medical Incorporated has announced its InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.

The neuromuscular ultrasound (NMUS) option delivered by the latest upgrade to Natus Elite, long considered the gold standard in EMG, expands confidence for healthcare providers using InVisus Pro to confirm and localize pathology. NMUS Integration with one-click reporting also allows clinicians to easily manage the full patient journey.

“The portability, versatility, and high image quality of InVisus makes it perfect as a point-of-care diagnostic tool,” said Dr. Sanjeev Nandedkar, Natus Senior Consultant. “The integration of InVisus with the familiar environment of Natus Elite software allows seamless use with NCS/EMG testing in routine electrodiagnostic laboratories. The workflow is not altered, and a single report with all test modalities is generated. It also provides additional features such as comparison of results across test modalities and ‘on-screen’ comparisons with previous investigations. The net result is a better efficiency and better patient care.”

Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS).

Just as doctors benefit from the ability to make quick decisions based on more information, patients find parallel advantages of comfort with a non-invasive testing option and improved patient experience.

ABOUT NATUS 

Natus is trusted by healthcare providers around the globe as the solution source to screen, diagnose, and treat disorders affecting the brain and neural pathways. The best-in-class Natus solutions, including service, field support and education, enable clinicians to advance their standard of care, improving patient outcomes and quality of life. For more information on Natus, please visit www.natus.com/neuro.

CONTACT INFORMATION:
Lisa Schuler
Phone: +1 612 528-1332
Email: lisa.schuler@natus.com

The InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.
The InVisus Pro Neuromuscular Ultrasound system can now be seamlessly integrated with all Natus EMG systems via Natus Elite Software, providing users of the portable, stand-alone neuromuscular ultrasound with the same comfort, confidence, and quickness expected from the world’s most reliable EMG application.

 

Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS). Infographic: NMUS Integration workflow and Insight NCS
Combining InVisus Pro with Natus Elite makes it simple for doctors and clinicians to compare current and past exams to gain deeper insights. This includes side-by-side, real-time analysis of NMUS and nerve conduction studies (NCS). Infographic: NMUS Integration workflow and Insight NCS

 

Video – https://mma.prnewswire.com/media/2677187/InVisus_Pro_Integration_Press_Release_Quote_Sanjeev_Nandedkar.mp4 

 

Latham Bolsters Antitrust and Competition Practice in Germany

The addition of Dr. Tilman Kuhn upholds Latham’s legacy of cutting-edge legal excellence across its global platform.

DÜSSELDORF, Germany, May 1, 2025 /PRNewswire/ — Latham & Watkins LLP is pleased to announce that Dr. Tilman Kuhn will join the Düsseldorf office as a partner in its Antitrust & Competition Practice, and a member of the Litigation & Trial department. Dr. Kuhn is widely recognized as one of Germany’s leading antitrust lawyers, bringing extensive international experience across multiple jurisdictions to the firm.

Dr. Tilman Kuhn, Latham & Watkins
Dr. Tilman Kuhn, Latham & Watkins

Dr. Kuhn advises on a wide range of antitrust matters, including cartel matters, conduct investigations, civil litigation as well as merger control and FDI reviews. His expertise spans key industries such as oil & gas/chemicals, pharmaceuticals, consumer products, automotive, and technology.

“Tilman is highly regarded for the top-notch quality of his advice, creativity and commercial approach, making him a highly sought-after advocate and solutions provider,” said Michael Egge, Global Chair of Latham’s Antitrust & Competition practice. “His arrival reinforces our dedication to excellence in Antitrust & Competition, and we’re excited to see the impact Tilman will have on our clients and global platform.”

Latham’s Antitrust & Competition practice is internationally acclaimed for its exceptional multi-disciplinary expertise and unwavering excellence. Recently, the firm was distinguished as one of the leading competition practices worldwide by the Global Competition Review (GCR), securing a top-two ranking across all antitrust categories, including merger control, cartel, non-cartel, and litigation. This year proudly marks Latham’s 17th consecutive inclusion in GCR’s Global Elite ranking.

“We’re thrilled to welcome Tilman to the firm,” said Burc Hesse, Office Managing Partner in Germany. “His market reputation speaks positively to his leadership, work ethic, and entrepreneurialism, which aligns perfectly for Latham’s global platform. His addition reinforces our position as a leader in the antitrust and competition arena.”

“We’re delighted to have Tilman join our team,” said Max Hauser, Deputy Office Managing Partner in Germany. “We’ve gotten to know Tilman as a proven leader whose technical skills, personality, and business acumen make him an exceptional fit for our firm. We are confident that his expertise will greatly contribute to our continued success and growth.”

“I am excited to join Latham’s outstanding team of antitrust lawyers, who are strategically positioned across continents,” said Dr. Tilman Kuhn. “As part of this exceptional team, I look forward to advising clients on their most complex antitrust issues, while leveraging, and continuing to support the growth of Latham’s enviable global platform.”

Dr. Kuhn joins from White & Case. He holds an LLM from the University of Amsterdam in 2001 and received his Dr. jur from the University of Cologne in 2005.

NOTES TO EDITORS

Latham & Watkins operates worldwide as a limited liability partnership organized under the laws of the State of Delaware (USA) with affiliated limited liability partnerships conducting the practice in France, Hong Kong, Italy, Singapore, and the United Kingdom and as an affiliated partnership conducting the practice in Japan. Latham & Watkins operates in Israel through a limited liability company, in South Korea as a Foreign Legal Consultant Office, and in Saudi Arabia through a limited liability company.

CONTACTS

Michael Egge, Global Chair, Antitrust & Competition Practice, +1.202.637.2285

Burc Hesse, Germany Office Managing Partner, +49.151.16311760

Max Hauser, Germany Deputy Office Managing Partner, +49.176.24432535

 

Bybit & FXStreet Report: Gold could reach US$4,000 per ounce by 2025

DUBAI, UAE, May 1, 2025 /PRNewswire/ — Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in partnership with FXStreet published a comprehensive report forecasting gold’s potential to reach US$4,000 per ounce by the end of 2025.

Key Highlights:

New record highs

Gold has recently surged to an all-time high of US$3,500 per ounce. The rally marks a 26% increase year-to-date and a 41% gain over the past 12 months — sharply outperforming equities, with the S&P 500 down 11% in the same period. This underscores gold’s renewed strength as a reliable safe-haven asset.

Safe-haven demand

Gold’s outperformance reflects a broader macroeconomic trend: investors fleeing volatility in traditional markets. A weakening US dollar, persistent inflation, and negative equity returns have made gold increasingly attractive. As fiat currencies lose purchasing power, gold’s status as a hedge against currency devaluation has been reaffirmed across global markets.

Tariff-driven uncertainty

Trade policies under U.S. President Donald Trump have reignited fears of a global tariff war. This uncertainty is driving capital towards gold as a politically neutral store of value. Tariffs on key commodities — and the possibility of levies on gold itself — are pushing exporters and importers to divest from vulnerable currencies such as the CAD, JPY, EUR, CNY, and MXN in favor of gold reserves.

Traditional safe-haven instruments like US Treasuries are seeing reduced demand from exporting nations affected by US tariffs. As Treasury yields lose their appeal, gold is increasingly seen as the only truly stable alternative for risk-averse capital.

Technical momentum

From a technical perspective, bullish signals remain in place. The MACD (Moving Average Convergence Divergence) remains positive, with the short-term (12-day) moving average staying above the longer-term (26-day) average — a classic sign of continued upward momentum. Meanwhile, the Relative Strength Index (RSI) stands at 60, indicating healthy momentum without entering overbought territory.

End-of-year target

Given the supportive macroeconomic backdrop, persistent geopolitical risks, and favorable technical setup, analysts are forecasting the rally will continue short-term. Gold appears poised to test its next resistance level at US$3,500, with a potential to climb to US$4,000 per ounce by year end if current momentum holds.

Diversification potential

Silver presents an overlooked but compelling opportunity for diversification. Historically moving in tandem with gold, silver remains significantly undervalued compared to its 2011 all-time high of US$50 per ounce. With industrial demand also contributing to its strength, silver could benefit from both defensive capital flows and cyclical economic recovery, offering investors an additional layer of resilience.

Conclusion

Gold’s rise to historic highs is the result of intersecting forces: economic headwinds, inflationary pressure, political uncertainty, and a global search for reliable stores of value. With traditional safe-havens underperforming and demand from markets like China rising, gold’s outlook remains strong. As momentum builds, both gold and silver are reasserting themselves as essential components of a diversified portfolio in 2025.

The full detailed report is available here.

#Bybit / #TheCryptoArk

About Bybit

Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving a global community of over 60 million users. Founded in 2018, Bybit is redefining openness in the decentralized world by creating a simpler, open, and equal ecosystem for everyone. With a strong focus on Web3, Bybit partners strategically with leading blockchain protocols to provide robust infrastructure and drive on-chain innovation. Renowned for its secure custody, diverse marketplaces, intuitive user experience, and advanced blockchain tools, Bybit bridges the gap between TradFi and DeFi, empowering builders, creators, and enthusiasts to unlock the full potential of Web3. Discover the future of decentralized finance at Bybit.com.

For more details about Bybit, please visit Bybit Press 

For media inquiries, please contact: media@bybit.com

For updates, please follow: Bybit’s Communities and Social Media

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QATARI DIAR SIGNS STRATEGIC AGREEMENT WITH DAR GLOBAL TO DEVELOP TRUMP INTERNATIONAL GOLF CLUB AND TRUMP VILLAS, A BEACHSIDE ULTRA LUXURY COMMUNITY WITHIN SIMAISMA MASTERPLAN

DOHA, Qatar, May 1, 2025 /PRNewswire/ — Qatari Diar has signed an agreement with Dar Global to develop Trump International Golf Club Simaisma includes a luxury 18-hole golf course, golf club and an exclusive collection of Trump-branded luxury villas, as part of the landmark Simaisma coastal project located 40 kilometres north of Doha.

 

Trump International Golf Club & Villas
Trump International Golf Club & Villas

 

Occupying approximately 790,000 square meters within the broader 8 million square meters of Simaisma development, this collaboration will deliver a world-class 18-hole Trump International Golf Course, a Trump Golf Clubhouse, and approximately high-end branded villas overlooking the golf and the beach with direct access to beach and neighbouring anticipated luxury lifestyle destinations.

The larger Simaisma project, led by Qatari Diar, is set to transform Qatar’s eastern coastline and will feature a 650,000 square meters theme park (The land of Legends), tourism and hospitality zones, a yacht marina, beach club, and a curated mix of cultural, retail, and dining experiences.

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman, said: “We are delighted to partner with Dar Global to bring the prestigious Trump brand to Simaisma, reflecting our ongoing commitment to developing world-class urban projects that combine luxury with authentic Qatari identity. We are proud to add this landmark development to our growing portfolio — a distinctive addition that will enhance quality of life, elevate living standards, and support Qatar’s aspirations for sustainable development. Through this collaboration, we look forward to further strengthening Qatar’s position as a preferred destination for investment, tourism, and luxury living, both regionally and internationally.”

Eric Trump, Executive Vice President of The Trump Organization, commented: “We are incredibly proud to expand the Trump brand into Qatar through this exceptional collaboration with Qatari Diar and Dar Global. Trump International Golf Club Simaisma and our luxury villa community will reflect our highest standards of quality, prestige, and timeless elegance.”

Eng. Ali Mohamed Al-Ali, CEO of Qatari Diar Real Estate Investment Company, stated: “We commit to bringing the world’s leading brands and expertise to Simaisma, transforming our vision into a reality. Following the successful launch of Land of Legends, we are proud to introduce the Trump brand with the introduction of the Trump International Golf Club and the luxury villa community. With this new landmark, we are taking another major step toward delivering a world-class destination that sets new standards for luxury living and leisure along Qatar’s eastern coastline.”

Ziad El Chaar, CEO of Dar Global, added: “Dar Global is honoured to partner with Qatari Diar to deliver this iconic development. With the Trump brand’s global prestige and our deep expertise in creating world-class residential destinations, Trump International Golf Club Simaisma will raise the bar for ultra-luxury coastal living in the region.”

This partnership combines Qatari Diar’s leadership in large-scale national development with Dar Global’s international track record in branded real estate. The Trump-branded enclave will be a key highlight within the Simaisma project, reinforcing Qatar’s position as a global hub for luxury, tourism, and investment.

Disclaimer: Trump International Golf Club Doha is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Global PLC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.

About The Trump Organization

For more than four decades, The Trump Organization has set new standards of excellence in luxury real estate development representing the highest level of excellence in Five Star Luxury Hotels, Championship Golf Courses, Global Realty Services, Residential & Commercial Buildings, Property Management, Entertainment, Dining, Retail and more. With this enduring commitment, The Trump Organization is recognized as the preeminent developer of some of the most valuable and prized luxury real estate assets in the world.

https://www.trump.com/trump-international-realty

About Qatari Diar Real Estate Investment Company

Qatari Diar Real Estate Investment Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Headquartered northeast of capital Doha on the coast of the Arabian Gulf.

Qatari Diar is entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.

About Dar Global

DarGlobal PLC is an international real estate developer specializing in exclusive luxury developments across the world’s most coveted cosmopolitan cities.

Catering to global citizens seeking prime investments, second homes, and luxury living, DarGlobal transforms real estate into economic catalysts, unlocking opportunities for both investors and the countries it enters.

DarGlobal has partnered with over 10 world-renowned luxury brands, including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels. These collaborations offer unique investment opportunities in global cities, providing both wealth growth and protection.

Listed on the London Stock Exchange, DarGlobal goes beyond property development, it drives economic transformation by attracting international clients and Foreign Direct Investment (FDI). By injecting capital, confidence, and industry expertise, DarGlobal enhances local infrastructure while elevating the global appeal of each destination.

With a presence in 14 international cities across 9 countries, DarGlobal’s portfolio spans the United Kingdom, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar.

 

Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma
Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma

 

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization
His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization

 

QATARI DIAR SIGNS STRATEGIC AGREEMENT WITH DAR GLOBAL TO DEVELOP TRUMP INTERNATIONAL GOLF CLUB AND TRUMP VILLAS, A BEACHSIDE ULTRA LUXURY COMMUNITY WITHIN SIMAISMA MASTERPLAN

DOHA, Qatar, April 30, 2025 /PRNewswire/ — Qatari Diar has signed an agreement with Dar Global to develop Trump International Golf Club Simaisma includes a luxury 18-hole golf course, golf club and an exclusive collection of Trump-branded luxury villas, as part of the landmark Simaisma coastal project located 40 kilometres north of Doha.

 

Trump International Golf Club & Villas
Trump International Golf Club & Villas

 

Occupying approximately 790,000 square meters within the broader 8 million square meters of Simaisma development, this collaboration will deliver a world-class 18-hole Trump International Golf Course, a Trump Golf Clubhouse, and approximately high-end branded villas overlooking the golf and the beach with direct access to beach and neighbouring anticipated luxury lifestyle destinations.

The larger Simaisma project, led by Qatari Diar, is set to transform Qatar’s eastern coastline and will feature a 650,000 square meters theme park (The land of Legends), tourism and hospitality zones, a yacht marina, beach club, and a curated mix of cultural, retail, and dining experiences.

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman, said: “We are delighted to partner with Dar Global to bring the prestigious Trump brand to Simaisma, reflecting our ongoing commitment to developing world-class urban projects that combine luxury with authentic Qatari identity. We are proud to add this landmark development to our growing portfolio — a distinctive addition that will enhance quality of life, elevate living standards, and support Qatar’s aspirations for sustainable development. Through this collaboration, we look forward to further strengthening Qatar’s position as a preferred destination for investment, tourism, and luxury living, both regionally and internationally.”

Eric Trump, Executive Vice President of The Trump Organization, commented: “We are incredibly proud to expand the Trump brand into Qatar through this exceptional collaboration with Qatari Diar and Dar Global. Trump International Golf Club Simaisma and our luxury villa community will reflect our highest standards of quality, prestige, and timeless elegance.”

Eng. Ali Mohamed Al-Ali, CEO of Qatari Diar Real Estate Investment Company, stated: “We commit to bringing the world’s leading brands and expertise to Simaisma, transforming our vision into a reality. Following the successful launch of Land of Legends, we are proud to introduce the Trump brand with the introduction of the Trump International Golf Club and the luxury villa community. With this new landmark, we are taking another major step toward delivering a world-class destination that sets new standards for luxury living and leisure along Qatar’s eastern coastline.”

Ziad El Chaar, CEO of Dar Global, added: “Dar Global is honoured to partner with Qatari Diar to deliver this iconic development. With the Trump brand’s global prestige and our deep expertise in creating world-class residential destinations, Trump International Golf Club Simaisma will raise the bar for ultra-luxury coastal living in the region.”

This partnership combines Qatari Diar’s leadership in large-scale national development with Dar Global’s international track record in branded real estate. The Trump-branded enclave will be a key highlight within the Simaisma project, reinforcing Qatar’s position as a global hub for luxury, tourism, and investment.

Disclaimer: Trump International Golf Club Doha is not owned, developed or sold by The Trump Organization or any of their current or former principals or affiliates. Dar Global PLC, the owner and developer of the property, uses the “Trump” name and mark under license, which license may be terminated or revoked according to its terms.

About The Trump Organization

For more than four decades, The Trump Organization has set new standards of excellence in luxury real estate development representing the highest level of excellence in Five Star Luxury Hotels, Championship Golf Courses, Global Realty Services, Residential & Commercial Buildings, Property Management, Entertainment, Dining, Retail and more. With this enduring commitment, The Trump Organization is recognized as the preeminent developer of some of the most valuable and prized luxury real estate assets in the world.

https://www.trump.com/trump-international-realty

About Qatari Diar Real Estate Investment Company

Qatari Diar Real Estate Investment Company was established in 2005 by the Qatar Investment Authority, the sovereign wealth fund of the State of Qatar. Headquartered northeast of capital Doha on the coast of the Arabian Gulf.

Qatari Diar is entrusted to support Qatar’s growing economy and to coordinate the country’s real estate development priorities.

About Dar Global

DarGlobal PLC is an international real estate developer specializing in exclusive luxury developments across the world’s most coveted cosmopolitan cities.

Catering to global citizens seeking prime investments, second homes, and luxury living, DarGlobal transforms real estate into economic catalysts, unlocking opportunities for both investors and the countries it enters.

DarGlobal has partnered with over 10 world-renowned luxury brands, including Trump Organization, Aston Martin, Automobili Lamborghini, Fendi, ELIE SAAB, Marriott Residences, Missoni, Mouawad, Pagani Automobili, and W Hotels. These collaborations offer unique investment opportunities in global cities, providing both wealth growth and protection.

Listed on the London Stock Exchange, DarGlobal goes beyond property development, it drives economic transformation by attracting international clients and Foreign Direct Investment (FDI). By injecting capital, confidence, and industry expertise, DarGlobal enhances local infrastructure while elevating the global appeal of each destination.

With a presence in 14 international cities across 9 countries, DarGlobal’s portfolio spans the United Kingdom, Spain, Greece, Saudi Arabia, the UAE, Oman, and Qatar.

Infographic: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_trump_int_infographic.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_dar_global.jpg
Photo: https://laotiantimes.com/wp-content/uploads/2025/05/qatari_diar_dar_global_1.jpg

 

Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma
Qatari Diar & Dar Global Partnership -Trump International Golf Club and Villas at Simaisma

 

His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization
His Excellency Abdullah bin Hamad bin Abdullah Al Attiya, Minister of Municipality and Qatari Diar Chairman and Eric Trump, Executive Vice President of The Trump Organization