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Synpulse appoints Nick Wilde as Senior Advisor to Strengthen Expertise in Retail & SME Banking offerings

SINGAPORE, March 5, 2025 /PRNewswire/ — Synpulse, a global professional services provider to major banking and financial institutions, is proud to announce the appointment of Nick Wilde as Senior Advisor. Nick’s expertise will help drive Synpulse’s continued progress in the ANZ region, particularly as the Synpulse enhances its focus on platform migration projects and the development of innovative propositions for retail banks and non-banks across all tiers.

Synpulse Appoints Nick Wilde
Synpulse Appoints Nick Wilde

Nick brings with him an impressive career in digital banking, fintech, and operational excellence. His unique ability to shape both business and technology propositions makes him a valuable addition as Synpulse continues its push to create transformative solutions for the banking sector. His leadership and experience in core banking modernisation will be integral to shaping the future of retail banking in the ANZ region.

Nick’s career highlights include:

  • Managing Director at Thought Machine: Nick was responsible for building Thought Machine’s brand and scaling its deployment in Asia Pacific from the company’s regional headquarters in Singapore. He was instrumental in the growth of Thought Machine Vault Core, securing over 20 clients across 10 APAC countries and expanding Thought Machine’s presence in the region.
  • Managing Director at Fiserv and Carreker: Led the establishment of Fiserv’s integrated Asia Pacific business, growing the business profitably to over USD$100m. His leadership in scaling the business played a key role in positioning Fiserv as a leader in banking technology solutions across the region, including building a banking advisory business in ANZ for Carreker.
  • Head of Fraud & ID at Experian: Spearheaded AI-driven fraud prevention solutions in over 37 countries

With over 20 years of experience in senior sales and business development roles within the banking software technology enterprises across Asia Pacific, Nick brings a wealth of international expertise in scaling and transforming banking technology.

Yves Roesti, Chief Executive Officer, Synpulse Group, said “With over two decades of experience in senior sales and business development roles across the banking software technology sector in Asia Pacific, Nick brings a wealth of international expertise in scaling and transforming banking technology. We are thrilled to welcome him as a Senior Advisor at Synpulse.”

Nick Wilde’s remarkable leadership and innovative contributions to the financial services sector in the ANZ region make him an exceptional addition to Synpulse,” said Rahul Bansal, Partner and Global Head of Retail and SME Banking, Synpulse. “His deep understanding of local markets, combined with his global expertise in neo-banking, will be instrumental in shaping transformative platform solutions that drive growth and operational excellence for both retail banks and non-banks in an increasingly digital and competitive landscape.”

“I am excited to join Synpulse and bring my passion for innovation and transformation to the ANZ market,” said Nick Wilde, Senior Advisor, Synpulse. “This region holds immense potential for financial services growth, and I look forward to working with Synpulse to create meaningful solutions that address the unique challenges and opportunities in this market.”

Building on Synpulse Australia’s recent success in retail banking migrations, Nick will collaborate with Synpulse to shape groundbreaking platform propositions for retail banks and non-banks across all tiers. His wealth of experience in neo-banking and fintech innovation uniquely positions him to deliver transformative strategies for financial institutions seeking to stay ahead in a competitive and evolving market.

About Synpulse 

Synpulse is a global professional services company and a valued partner of leading players in the financial services and related industries. We optimise the proximity to our clients and deep domain expertise to create sustainable value using technology as a business driver. Leveraging our strong network of over 100 ecosystem partners, we accompany our clients throughout their transformation journey – from strategy and development to implementation and management. With our tech powerhouse, Synpulse8, we collaborate with our clients to co-create digital experiences with innovative technologies and proprietary methods. Synpulse is powered by the passion and commitment of its more than 1000 employees from 21 offices who come from over 30 countries.

Further information www.synpulse.com

 

SK Telecom Signs MoU with Giga Computing and SK Enmove on Liquid Cooling Technology

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — SK Telecom (NYSE: SKM) today announced that it has signed a Memorandum of Understanding (MoU) with Giga Computing, a leader in liquid cooling technology, and SK Enmove to jointly develop next-generation cooling solutions.

Under this MoU, the three companies will collaborate on extensive research and development (R&D) efforts, including validating technologies to optimize liquid cooling performance and developing artificial intelligence data center (AIDC) solutions.

Giga Computing will contribute its expertise in liquid cooling solutions, while SK Enmove will supply high-quality cooling fluids, leveraging its technological capabilities and competitiveness in the high-quality lubricants market.

The cooperation will focus on optimizing and validating all three liquid cooling methods commonly used in data centers — Direct Liquid Cooling (DLC), Immersion Liquid Cooling (ILC) and Precision Liquid Cooling (PLC). Additionally, the companies will develop a liquid cooling package solution by conducting operational verification, which houses GPU and NPU servers.

Through this global partnership, SK Telecom aims to enhance its capabilities in designing and operating next-generation cooling technologies that minimize power consumption and heat generation — key factors in AIDC operations. Furthermore, the company plans to leverage its advancements in cooling technology to strengthen the AIDC competitiveness of the SK Group as a whole.

“Our partnership will accelerate the development of liquid cooling solutions, a key next-generation technology for AIDCs,” said Yang Seung-hyun, Head of AI R&D Center at SK Telecom. “SK Telecom is committed to becoming a global leader in AIDC operations with unique capabilities through collaboration with global leading companies.”

“As a market leader in cooling fluids, SK Enmove will leverage this collaboration to drive the growth of the liquid cooling market with optimized cooling fluids that can maximize data center energy efficiency and further solidify our position as a leader in energy efficiency,” said Kim Dae-jung, Head of the Green Business Unit at SK Enmove.

“As AI and high-performance computing continue to advance, liquid cooling has become a critical technology for building sustainable data centers,” said Daniel Hou, General Manager of Giga Computing. “Through our collaboration with SK Telecom and SK Enmove, Giga Computing will leverage its expertise in liquid cooling solutions to drive energy efficiency and innovation in data center infrastructure. We look forward to jointly developing next-generation cooling technologies that enable more efficient and environmentally sustainable AIDC operations.”

About SK Telecom

SK Telecom has been leading the growth of the mobile industry since 1984. Now, it is taking customer experience to new heights by extending beyond connectivity. By placing AI at the core of its business, SK Telecom is rapidly transforming into an AI company with a strong global presence. It is focusing on driving innovations in areas of AI Infrastructure, AI Transformation (AIX) and AI Service to deliver greater value for industry, society, and life.

For more information, please contact skt_press@sk.com or visit our LinkedIn page www.linkedin.com/company/sk-telecom.

FANATICS AND COMPLEX PRESENT TAKASHI MURAKAMI x MLB LIMITED EDITION COLLECTION FOR 2025 MLB TOKYO SERIES WITH TOKYO POP-UP EVENT

The Collection Marks Murakami’s Most Extensive Partnership with MLB and Highlights the Los Angeles
Dodgers and Chicago Cubs

Collection Goes On Sale March 7, with Tokyo Event March 8 – 21

Images Available HERE

LOS ANGELES, March 5, 2025 /PRNewswire/ — In celebration of the 2025 MLB Tokyo Series taking place March 18-19 at the Tokyo Dome between the Chicago Cubs and the defending World Series champion Los Angeles Dodgers, Fanatics and Complex are unveiling the Takashi Murakami x MLB Tokyo Series collection.

COMPLEX PRESENTS TAKASHI MURAKAMI x MLB LIMITED EDITION COLLECTION FOR 2025 MLB TOKYO SERIES
COMPLEX PRESENTS TAKASHI MURAKAMI x MLB LIMITED EDITION COLLECTION FOR 2025 MLB TOKYO SERIES

The exclusive partnership highlights the collaboration between the renowned Japanese contemporary artist Takashi Murakami and Major League Baseball (MLB), bringing together two cultural icons to celebrate two of the league’s most storied teams for a limited-edition collection of collectibles and merchandise. The collection celebrates the deep cultural connection between America’s favorite pastime and its influence in Japan. Featuring Murakami’s iconic vibrant colors and playful motifs, the exclusive series brings a fresh, artistic perspective to MLB merchandise and memorabilia, making it a must-have for baseball fans, art enthusiasts and collectors.

The collection goes on sale March 8 at 2:00 AM JST online on the Fanatics app, Complex.com, and MLBShop.JP and will be available at the Fanatics and Complex Tokyo pop-up event March 8-21 and the MLB SHOP at Tokyo Dome Mar 14-19. The collection will also be on display at the MLB SHOP at Miyashita Park from Mar 6-23.

Complex Tokyo Pop-Up Event

An exclusive pop-up event will be held in Tokyo at 1 Chome-20-6 Jingumae, Shibuya, Tokyo 150-0001 from Saturday, March 8 – Friday, Mar 21 beginning at 11:00 AM JST. The event will showcase the limited-edition merchandise, Murakami-inspired installations, and historical MLB vignettes, offering fans a chance to engage with both the collection and Murakami’s visionary artwork.

Reservations are required and can be made at: https://t.livepocket.jp/t/l92b6.

Important Notes for Tokyo pop-up entry:

  • All visitors must reserve a 30-minute time slot on https://t.livepocket.jp/t/l92b6 before arrival. Only visitors with confirmed reservations will be allowed entry with line up for entry beginning on March 8 at 10:50 AM JST.
  • Entry Restriction Period: March 8, 2025March 21, 2025
  • Limit: One entry per person per day during the restriction period. Customers will be limited to three items total per visit.
  • Limited Stock: Items will sell out once stock runs out.
  • Sales Methods May Change: Adjustments may be made based on demand and logistics, please check website and social for updates.
  • For real-time updates, please follow @universal_music_store_harajuku
  • Visit the official website https://t.livepocket.jp/t/l92b6 for more information.

Takashi Murakami x MLB Tokyo Series Collection

The Fanatics and Complex collaboration brings together two of MLB’s most iconic teams: the Los Angeles Dodgers and Chicago Cubs, infusing Murakami’s signature style across an array of exclusive products from global sports platform Fanatics, including Nike MLB t-shirts and hoodies, alongside signature pieces – official Nike Los Angeles Dodgers and Chicago Cubs MLB Limited jerseys. The Fanatics apparel collection, which will incorporate Murakami’s iconic floral artwork, will also be available on individual player Nike MLB Limited jerseys for Dodgers players Shohei Ohtani, Yoshinobu Yamamoto, Mookie Betts and Freddie Freeman and Cubs players Shota Imanaga, Seiya Suzuki, and Dansby Swanson. Fanatics Collectibles – which owns the brand Topps – will also be a part of this partnership, with a trading card set featuring Murakami’s artwork.  The chase card in that limited-offering set: a one-of-one dual-autograph card of Murakami and Ohtani, sure to be one of the most desirable and rare cards of all time.

In addition to wearable merchandise, the collection will also include New Era 59FIFTYs, knits and adjustable caps, Rawlings® baseballs, Victus bats, totes, keychains and more.

As part of the collaboration, Murakami’s Ohana Hatake, a first-of-its-kind brand led by the legendary artist, will introduce two brand new, limited-edition slides. The new release embodies Murakami’s iconic flower motif and showcases the Chicago Cubs and Los Angeles Dodgers logos on the inventive Surippa Ohana silhouette.

For more information on the Takashi Murakami x MLB Tokyo Series collection, please visit: the Fanatics App, Complex.com and follow MLB, Complex and Fanatics.

ABOUT FANATICS
Fanatics is building a leading global digital sports platform. We ignite the passions of global sports fans and maximize the presence and reach for our hundreds of sports partners globally by offering products and services across Fanatics Commerce, Fanatics Collectibles, and Fanatics Betting & Gaming, allowing sports fans to Buy, Collect, and Bet.

Through the Fanatics platform, sports fans can buy licensed fan gear, jerseys, lifestyle and streetwear products, headwear, and hardgoods; collect physical and digital trading cards, sports memorabilia, and other digital assets; and bet as the company builds its Sportsbook and iGaming platform.

Fanatics has an established database of over 100 million global sports fans; a global partner network with approximately 900 sports properties, including major national and international professional sports leagues, players associations, teams, colleges, college conferences and retail partners, 2,500 athletes and celebrities, and 200 exclusive athletes; and over 2,000 retail locations, including its Lids retail stores. Our more than 22,000 employees are committed to relentlessly enhancing the fan experience and delighting sports fans globally.

For additional information please visit www.fanaticsinc.com

ABOUT COMPLEX
Complex is the definitive platform for global youth culture and music lifestyle, seamlessly integrating cutting-edge content, commerce and live experiences with unparalleled scale.

Whether through video, long-form text, or social media, Complex tells stories of streetwear and style, music, sports, art and beyond. Its content engages in a dynamic conversation with the audience, reflecting and shaping the zeitgeist of convergence culture.

A powerful media juggernaut paired with a curated marketplace, Complex is redefining the way fans interact with their favorite brands and artists and reshaping the future of digital culture and commerce. Complex’s strategic partnership with Universal Music Group will deliver unparalleled experiences and exclusive collaborations to passionate music fans.

ABOUT TAKASHI MURAKAMI
The originator and proponent of Superflat theory, which reconstructs Japanese traditional paintings and the origin of Japanese contemporary art through visual premises of anime and manga. Murakami has created numerous characters including Miss Ko2 and Mr. DOB that reflect the otaku culture and presents them in the forms of intentionally kitsch sculptures and acutely two-dimensional paintings antithetical to the Western perspective techniques. Murakami’s cultural theory based on subcultures not only deconstructs the highbrow/lowbrow hierarchy but critically illustrates the post-World War II Japanese psychology, establishing a discourse unique to Japan in the increasingly globalizing art scene. The artist continues to attract a wide-ranging audience beyond contemporary art through his multifaceted activities including his collaboration with Louis Vuitton and focuses on street culture and contemporary ceramics. The final installment of his Superflat trilogy of curated exhibitions, Little Boy: The Arts of Japan’s Exploding Subculture (New York, 2005), was awarded The Best Thematic Museum Show in New York by AICA that year. His first retrospective, ©MURAKAMI (2007 – 2009) toured four cities in North America and Europe, starting with the Museum of Contemporary Art, Los Angeles. He has since been holding major solo exhibitions around the world, including at the Palace of Versailles (2010), Al RiwaqExhibition Hall (Doha, 2012), the Mori Art Museum (Tokyo, 2015), the Garage Museum of Contemporary Art (Moscow, 2017), Tai Kwun Contemporary (Hong Kong, 2019), The Broad (Los Angeles, 2022), Asian Art Museum of San Francisco (San Francisco, 2023), and Kyoto City KYOCERA Museum of Art (Kyoto, 2024).

ABOUT MAJOR LEAGUE BASEBALL
Major League Baseball (MLB) is the most historic professional sports league in the United States and consists of 30 member clubs in the U.S. and Canada, representing the highest level of professional baseball. Led by Commissioner Robert D. Manfred, Jr., MLB has achieved back-to-back attendance gains for the first time in 12 years with an overall increase of +11% and 80% of Clubs welcoming more fans over the last two seasons following extensive rule changes that have improved the quality of play on the field. With the 2024 season featuring the best time of game in 40 years and the most stolen bases in 109 years, MLB viewership increased across all its national media partners, grew international viewership by +18%, set another record for MLB.TV streaming with more than 14 billion minutes watched and earned League of the Year honors from Sports Business Journal and the CLIOS.  As the league increased its marketing efforts and promotion of star players like 2024 NL MVP Shohei Ohtani and 2024 AL MVP Aaron Judge, MLB has significantly increased its younger fan base as evidenced through viewership, social media, ticket purchasing, and participation metrics.  Through its MLB Together social responsibility efforts, MLB remains committed to making a positive impact in the communities of the U.S., Canada and throughout the world.  With the continued success of MLB Network, MLB digital platforms and local media production and distribution, MLB continues to find innovative ways for its fans to enjoy America’s National Pastime and a truly global game. To learn more about MLB, please visit www.mlb.com.

Photo – https://laotiantimes.com/wp-content/uploads/2025/03/complex_2025_mlb_tokyo_series.jpg 
Logo – https://mma.prnewswire.com/media/2425300/5199214/Complex_Logo.jpg 

Baidu Announces Proposed Offering of CNY-denominated Senior Notes

BEIJING, March 5, 2025 /PRNewswire/ — Baidu, Inc. (NASDAQ: BIDU and HKEX: 9888 (HKD Counter) and 89888 (RMB Counter)), (“Baidu” or the “Company”), a leading AI company with strong Internet foundation, today announced that it proposes to offer CNY-denominated senior unsecured notes (the “Notes”) in offshore transactions outside the United States to non-U.S. persons in reliance on Regulation S under the United States Securities Act of 1933, as amended (the “Securities Act”), subject to market conditions and other factors (the “Notes Offering”). The principal amount, interest rates, maturity dates and other terms of the Notes will be determined at the time of pricing of the Notes Offering.

The Company intends to use the net proceeds from the Notes Offering for general corporate purposes, including repayment of certain existing indebtedness, payment of interest and general corporate purposes.

The Notes have not been and will not be registered under the Securities Act or any state securities laws. They may not be offered or sold in the United States or to, or for the account or benefits of, U.S. persons (as defined in Regulation S under the Securities Act) except pursuant to an exemption from, or in a transaction not subject to, the registration requirements of the Securities Act.

This announcement shall not constitute an offer to sell or a solicitation of an offer to purchase any securities, in the United States or elsewhere, and shall not constitute an offer, solicitation or sale of the securities in any state or jurisdiction in which such an offer, solicitation or sale would be unlawful. Any offering of securities will be made by means of one or more offering documents, which will contain detailed material information about the Company and its operational and financial performance.

This announcement contains information about the pending Notes Offering, and there can be no assurance that the Notes Offering will be completed.

About Baidu

Founded in 2000, Baidu’s mission is to make the complicated world simpler through technology. Baidu is a leading AI company with strong Internet foundation, trading on Nasdaq under “BIDU” and HKEX under “9888”. One Baidu ADS represents eight Class A ordinary shares.

Safe Harbor Statement

This announcement contains forward-looking statements. These statements are made under the “safe harbor” provisions of 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,” “confident” and similar statements. Baidu may also make written or oral forward-looking statements in its periodic reports to the U.S. Securities and Exchange Commission, in announcements made on the website of The Stock Exchange of Hong Kong Limited (the “Hong Kong Stock Exchange”), 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. Statements that are not historical facts, including but not limited to statements about Baidu’s beliefs and expectations, are forward-looking statements. Forward-looking statements involve inherent risks and uncertainties. A number of factors could cause actual results to differ materially from those contained in any forward-looking statement, including but not limited to the following: Baidu’s growth strategies; its future business development, including development of new products and services; its ability to attract and retain users and customers; competition in the Chinese Internet search and newsfeed market; competition for online marketing customers; changes in the Company’s revenues and certain cost or expense items as a percentage of its revenues; the outcome of ongoing, or any future, litigation or arbitration, including those relating to intellectual property rights; the expected growth of the Chinese-language Internet search and newsfeed market and the number of Internet and broadband users in China; Chinese governmental policies relating to the Internet and Internet search providers, and general economic conditions in China and elsewhere. Further information regarding these and other risks is included in the Company’s annual report on Form 20-F and other documents filed with the Securities and Exchange Commission, and announcements on the website of the Hong Kong Stock Exchange. Baidu does not undertake any obligation to update any forward-looking statement, except as required under applicable law. All information provided in this press release and in the attachments is as of the date of the press release, and Baidu undertakes no duty to update such information, except as required under applicable law.

ReTo Eco-Solutions, Inc. Announces Share Combination

BEIJING, March 5, 2025 /PRNewswire/ — ReTo Eco-Solutions, Inc. (Nasdaq: RETO) (“ReTo” or the “Company“), a manufacturer of equipment for production of eco-friendly materials in China, today announced that on February 11, 2025, its board of directors approved a combination of its Class A shares on a ten-to-one basis (the “Share Combination“). The Company’s Class A shares will begin trading on a post combination basis on March 7, 2025.

As a result of the Share Combination, each ten (10) pre-combination Class A shares of the Company will be automatically combined into one (1) Class A share without any action on the part of the holders, with par value of the Class A shares of the Company being changed from $0.1 per share to $1.0 per share, and the Company’s issued and outstanding Class A shares will be reduced from 19,352,636 to approximately 1,935,264. The Company’s Class A shares will continue to trade on the Nasdaq Capital Market (“Nasdaq“) under the symbol “RETO” under a new CUSIP number – G75271307. The Share Combination is intended to increase the market price per share of the Company’s Class A shares to allow the Company to maintain its Nasdaq listing.

No fractional shares will be issued as a result of the Share Combination. Shareholders who otherwise would be entitled to a fractional share because they hold a number of Class A shares not evenly divisible by ten will automatically be entitled to receive an additional share of the Company’s Class A shares.

The Share Combination will not be submitted to a vote of the Company’s shareholders as a vote is not required under the laws of the British Virgin Islands.

The Company’s transfer agent, VStock Transfer, LLC, will act as the exchange agent. Adjustments made to Class A shares represented by physical stock certificates can be made upon surrender of the certificate to the transfer agent. Please contact VStock Transfer, LLC for further information at (212) 828-8436.

About ReTo Eco-Solutions, Inc.

Founded in 1999, ReTo Eco-Solutions, Inc., through its operating subsidiaries in China, is engaged in the research and development, manufacture and sales of ecological environment protection equipment and intelligent equipment. The Company provides consultation, design, implementation and installation of its equipment and related parts, as well as engineering support and technical advice and services. For more information, please visit: http://en.retoeco.com.

Forward-Looking Statements

This press release contains forward-looking statements. Forward-looking statements include statements concerning plans, objectives, goals, strategies, future events or performance, and underlying assumptions and other statements that are other than statements of historical facts. The Company’s actual results may differ materially and adversely from those expressed in any forward-looking statements as a result of various factors and uncertainties. For example, there can be no assurance that the Company will be able to regain compliance and maintain its listing on Nasdaq. The reports filed by the Company with the Securities and Exchange Commission discuss these and other import factors and risks that may affect the Company’s business, results of operations and financial conditions. For these reasons, among others, investors are cautioned not to place undue reliance upon any forward-looking statements in this press release. The Company undertakes no obligation to publicly revise these forward-looking statements to reflect events or circumstances that arise after the date hereof.

For more information, please contact:

ReTo Eco-Solutions, Inc.
Tel: +86-010-64827328
Email: ir@retoeco.com or 310@reit.cc 

STAK Inc. Announces Partial Exercise of Underwriters’ Over-Allotment Option

CHANGZHOU, China, March 5, 2025 /PRNewswire/ — STAK Inc. (the “Company”) (Nasdaq: STAK), a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specialized production and maintenance equipment, today announced that the underwriters of its initial public offering (the “Offering”) have partially exercised their option to purchase an additional 160,349 ordinary shares at a public offering price of US$4.00 per ordinary share to cover over-allotments. Gross proceeds of the Company’s initial public offering, including the partial exercise of the over-allotment, totaled US$5.64 million, before deducting underwriting discounts and other related expenses. The ordinary shares began trading on the Nasdaq Capital Market on February 26, 2025 under the ticker symbol “STAK.”

The Offering was conducted on a firm commitment basis. Kingswood Capital Partners, LLC  acted as the representative of the underwriters.

A registration statement on Form F-1 relating to the Offering was filed with the Securities and Exchange Commission (the “SEC”) (File Number: 333-283258), as amended, and was declared effective by the SEC on February 25, 2025. The Offering was made only by means of a prospectus forming a part of the registration statement. Copies of the prospectus relating to the Offering may be obtained from Kingswood Capital Partners, LLC at 7280 W Palmetto Park Rd., Suite 301, Boca Raton, FL 33433, or via email at bherman@kingswoodus.com, or telephone at (561) 961-0505. In addition, copies of the prospectus relating to the Offering may be obtained via the SEC’s website at www.sec.gov.

This press release does not constitute an offer to sell, or the solicitation of an offer to buy any of the Company’s securities, nor shall such securities be offered or sold in the United States absent registration or an applicable exemption from registration, nor shall there be any offer, solicitation or sale of any of the Company’s securities in any state or jurisdiction in which such offer, solicitation or sale would be unlawful prior to registration or qualification under the securities laws of such state or jurisdiction.

About STAK Inc.

STAK Inc. is a fast-growing company specializing in the research, development, manufacturing, and sale of oilfield-specific production and maintenance equipment. The Company designs and manufactures oilfield-specialized production and maintenance equipment, then collaborates with qualified specialized vehicle manufacturing companies to integrate the equipment onto vehicle chassis, producing specialized oilfield vehicles for sale. Additionally, the Company sells oilfield-specialized equipment components, related products, and provides automation solutions. Its vision is to help oilfield services companies reduce costs and increase efficiency by providing the cutting-edge integrated oilfield equipment and automation solutions service. Its mission is to become a powerful provider for the niche markets of specialized oilfield vehicles and equipment in China. For more information, please visit the Company’s website at https://www.stakindustry.com/ir/.

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 “may,” “will,” “expect,” “anticipate,” “aim,” “estimate,” “potential,” “intend,” “plan,” “believe,” “likely to” or other similar expressions in this prospectus. 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. Although the Company believes that the expectations expressed in these forward-looking statements are reasonable, it cannot assure you that such expectations will turn out to be correct, and the Company cautions investors that actual results may differ materially from the anticipated results and encourages investors to review other factors that may affect its future results in the Company’s registration statement and other filings with the SEC.

For more information, please contact:

STAK Inc.
Investor Relations Department
Email: ir@stakindustry.com

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

TCL CSOT Showcases World-First Mobile Display Innovations at MWC 2025

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — TCL CSOT, a global leader in display technology for over 15 years, showcased multiple world-first mobile display innovations at MWC 2025. As a part of the recently-launched TCL CSOT APEX brand, these solutions epitomize APEX’s four pillars–pleasant display experience, reliable vision health, sustainable and low carbon, and unlimited future imagination–to bring sublime visual experiences to future smart devices.

TCL CSOT’s LTPS innovations inside next-gen tablets.
TCL CSOT’s LTPS innovations inside next-gen tablets.

“We must always stay at the forefront of innovation to deliver the best possible visual experiences to consumers,” said Jun Zhao, Chief Executive Officer of TCL CSOT. “TCL CSOT’s world-class showcase at MWC 2025 is a prime example of uncompromising display technology in both image quality and sustainability, guided by our APEX brand. As the ever-evolving demand for new visual experiences drives us toward new frontiers, we are dedicated to embracing our users’ feedback and meeting their needs.”

The World’s First Camera-Under-Panel OLED Display (14″)

TCL CSOT’s 14-inch 4K PureSight Pro OLED display is the world’s first laptop screen to use the Camera-Under-Panel (CUP) technology. By eliminating cutouts or notches of the webcam, users can work and play with fewer distractions.

Featured in the Lenovo Yoga Slim 9i laptop in a stunning 98% screen-to-body ratio, the PureSight Pro display offers 4K resolution, a 120Hz refresh rate, and exceptional color accuracy across full professional color gamuts. This also marks the first time TCL CSOT has applied its FMM OLED technology in mid-sized displays.

The World’s First Lowest Driver Low-Power Screen (6.36″)

This display is optimized for outstanding visuals without rapidly draining battery life in mobile devices. TCL CSOT’s latest multiple frequency partition technology divides the display into up to three sections, each supporting different refresh rates. Combined with its innovative CMOS circuit design, the display reduces the overall IC power consumption by up to 31%.

TCL CSOT WQHD 120Hz Circular Polarizer Eye-Protection Display (6.67″)

TCL CSOT’s 6.67-inch WQHD eye protection display adopts a circularly polarized light technology that reduces glare, enhances contrast, and improves screen visibility in bright sunlight or when wearing sunglasses. It also incorporates global DC dimming technology, which significantly reduces screen flickering and minimizes eye strain.

The World’s First MP Multiple Frequency Partitioned OLED Display (6.73″)

Combining exceptional visual fidelity with eye care, TCL CSOT’s multiple frequency partition technology allows this display to support three partitions simultaneously, reducing its driver IC power consumption by up to 20%. It achieves a 96% screen-to-body ratio, enabling mobile devices with thinner bezels. Furthermore, it’s ultra-bright with an APL brightness of 3,200 nits, and features flicker-free 1,920Hz PWM dimming. This display has been integrated into the newly announced Xiaomi 15 Pro smartphone.

TCL CSOT Moth-Eye Biomimetic Eye Care Tablet Display (12.1″)

TCL CSOT’s 12.1-inch moth-eye biomimetic eye care tablet display incorporates anti-glare, anti-reflective, anti-fingerprint, and anti-microbial features to enhance both visual clarity and cleanliness. Delivering a viewing experience that closely mimics natural light, it features depolarization technology, allowing users to see screen content clearly even while wearing sunglasses. Additionally, its moth-eye-inspired nanostructure disperses light to offer a comfortable viewing experience in bright environments. And with a low blue light ratio of under 20%, it reduces eye strain during prolonged use.

The World’s First 4K 144Hz AI Tablet Display (13″)

TCL CSOT’s 13.0-inch 4K display delivers rich colors and sharp details in 4K resolution and an ultra-smooth 144Hz refresh rate. Its three-zone multiple frequency partition technology, combined with an advanced AI algorithm, dynamically adjusts the frequency-sharing strategy to optimize power consumption while ensuring smooth video performance, reducing power usage by 21% compared to traditional solutions. Plus, with a 240Hz or higher touch panel reporting rate, users can enjoy a responsive writing experience when using a stylus.

About TCL CSOT

Established in 2009, TCL China Star Optoelectronics Technology Co., Ltd. (TCL CSOT) is a leading global innovator in display technologies. Its LCD, OLED, and MLED technologies serve applications across TVs, mobile devices, tablets, laptops, monitors, automotive displays, VR/XR, and commercial displays. With multiple R&D facilities and 11 production lines in operation, TCL CSOT remains committed to delivering cutting-edge display solutions and fostering a dynamic, sustainable display solutions ecosystem. As a part of TCL’s Worldwide Olympic Partnership through to 2032, TCL CSOT will provide a range of display solutions to enhance the Olympic experience.

 

TCL CSOT mobile displays deliver exceptional visual experiences while reducing power consumption and eye strain.
TCL CSOT mobile displays deliver exceptional visual experiences while reducing power consumption and eye strain.

The World’s First Camera-Under-Panel 14-inch OLED Display.
The World’s First Camera-Under-Panel 14-inch OLED Display.

Huawei Launches New-Gen All-Flash Data Center Products and Scenario-specific Industry Solutions

BARCELONA, Spain, March 5, 2025 /PRNewswire/ — At MWC Barcelona 2025, Huawei unveiled four New-Gen All-Flash Data Center products and two scenario-specific industry solutions designed to help customers build future-proof data storage power, accelerate intelligent transformation, and unleash the value of data in the AI era.

Huawei launching New-Gen All-Flash Data Center products and scenario-specific industry solutions
Huawei launching New-Gen All-Flash Data Center products and scenario-specific industry solutions

Using innovative architectures, algorithms, and media, Huawei continues to accelerate service innovation for all scenarios.

  • New-Gen OceanStor Dorado Converged All-Flash Storage for mission-critical applications: The industry’s first data and control plane separation architecture improves performance three-fold. The upgraded SmartMatrix high-reliability architecture ensures zero data loss even upon the failure of seven out of eight controller enclosures. The system adopts a native storage architecture for block, file, and object.
  • OceanStor A800—New-Gen High-Performance AI Storage—for large AI model training: The industry’s first long-term memory storage provides higher data throughput for AI training, improving computing power utilization by 30% and achieving inference response in milliseconds.
  • Next-Gen OceanStor Pacific 9928 All-Flash Scale-Out Storage for data analysis: The system supports large-scale concurrent access and diverse hybrid workloads. Thanks to 61.44 TB high-capacity SSDs with high-density hardware design, intelligent data compression algorithm (2:1), and the dynamic heat dissipation design, the system enables an industry-leading capacity density of 4 PB/2 U and an industry-leading power consumption of 0.25 W/TB.
  • Next-Gen OceanProtect E8000 All-Flash Backup Storage for data backup: Thanks to all-flash QLC media and a scale-out architecture, the backup performance of a single cluster can reach up to 8 PB/h. The built-in algorithms achieve a maximum of 72:1 data reduction ratio.

In the AI era, enterprises—especially in the finance and education sectors—need future-proof data storage power more than ever.

  • Geo-Redundant 4DC Five-Copy Solution for financial production and transactions: The New-Gen OceanStor Dorado Converged All-Flash Storage achieves zero waiting during peak hours. The full-mesh technology enables 99.99999% system-level reliability. Multilayer ransomware protection safeguards the resilience of all-channel services and data.
  • RDM (research data management) Storage Solution for education and scientific research: The unique multi-active technology across 3~12 sites ensure reliable disaster recovery and flexible sharing of research data. The solution enables on-demand data flow between HPC and RDM data lakes. DME (Omni-Dataverse) provides unified data scheduling across clusters and data centers.

For more information about Huawei’s New-Gen All-Flash Data Center products and solutions, see https://e.huawei.com/en/topic/storage/all-flash-data-center.